id	sid	tid	token	lemma	pos
cjfa-56736	1	1	99copernican	99copernican	NUM
cjfa-56736	1	2	journal	journal	NOUN
cjfa-56736	1	3	of	of	ADP
cjfa-56736	1	4	finance	finance	PROPN
cjfa-56736	1	5	&	&	CCONJ
cjfa-56736	1	6	accounting	accounting	PROPN
cjfa-56736	1	7	e	e	PROPN
cjfa-56736	1	8	-	-	PROPN
cjfa-56736	1	9	issn	issn	PROPN
cjfa-56736	1	10	2300	2300	NUM
cjfa-56736	1	11	-	-	SYM
cjfa-56736	1	12	3065	3065	NUM
cjfa-56736	1	13	p	p	PROPN
cjfa-56736	1	14	-	-	PUNCT
cjfa-56736	1	15	issn	issn	PROPN
cjfa-56736	1	16	2300	2300	NUM
cjfa-56736	1	17	-	-	SYM
cjfa-56736	1	18	12402024	12402024	NUM
cjfa-56736	1	19	,	,	PUNCT
cjfa-56736	1	20	volume	volume	NOUN
cjfa-56736	1	21	13	13	NUM
cjfa-56736	1	22	,	,	PUNCT
cjfa-56736	1	23	issue	issue	NOUN
cjfa-56736	1	24	2	2	NUM
cjfa-56736	1	25	date	date	NOUN
cjfa-56736	1	26	of	of	ADP
cjfa-56736	1	27	submission	submission	NOUN
cjfa-56736	1	28	:	:	PUNCT
cjfa-56736	1	29	february	february	PROPN
cjfa-56736	1	30	17	17	NUM
cjfa-56736	1	31	,	,	PUNCT
cjfa-56736	1	32	2024	2024	NUM
cjfa-56736	1	33	;	;	PUNCT
cjfa-56736	1	34	date	date	NOUN
cjfa-56736	1	35	of	of	ADP
cjfa-56736	1	36	acceptance	acceptance	NOUN
cjfa-56736	1	37	:	:	PUNCT
cjfa-56736	1	38	may	may	AUX
cjfa-56736	1	39	14	14	NUM
cjfa-56736	1	40	,	,	PUNCT
cjfa-56736	1	41	2024	2024	NUM
cjfa-56736	1	42	.	.	PUNCT
cjfa-56736	2	1	*	*	PUNCT
cjfa-56736	2	2	contact	contact	NOUN
cjfa-56736	2	3	information	information	NOUN
cjfa-56736	2	4	:	:	PUNCT
cjfa-56736	2	5	dorsaf_bi@yahoo.fr	dorsaf_bi@yahoo.fr	NOUN
cjfa-56736	2	6	,	,	PUNCT
cjfa-56736	2	7	professor	professor	NOUN
cjfa-56736	2	8	of	of	ADP
cjfa-56736	2	9	finance	finance	NOUN
cjfa-56736	2	10	at	at	ADP
cjfa-56736	2	11	the	the	DET
cjfa-56736	2	12	higher	high	ADJ
cjfa-56736	2	13	institute	institute	NOUN
cjfa-56736	2	14	of	of	ADP
cjfa-56736	2	15	accounting	accounting	PROPN
cjfa-56736	2	16	and	and	CCONJ
cjfa-56736	2	17	business	business	NOUN
cjfa-56736	2	18	administration	administration	PROPN
cjfa-56736	2	19	,	,	PUNCT
cjfa-56736	2	20	iscae	iscae	NOUN
cjfa-56736	2	21	manouba	manouba	NOUN
cjfa-56736	2	22	,	,	PUNCT
cjfa-56736	2	23	2010	2010	NUM
cjfa-56736	2	24	,	,	PUNCT
cjfa-56736	2	25	tunisia	tunisia	NOUN
cjfa-56736	2	26	,	,	PUNCT
cjfa-56736	2	27	phone	phone	NOUN
cjfa-56736	2	28	:	:	PUNCT
cjfa-56736	2	29	+21698929159	+21698929159	NUM
cjfa-56736	2	30	;	;	PUNCT
cjfa-56736	2	31	orcid	orcid	PROPN
cjfa-56736	3	1	i	i	NOUN
cjfa-56736	3	2	d	d	NOUN
cjfa-56736	3	3	:	:	PUNCT
cjfa-56736	4	1	https://orcid.org/0000-0001-8165-955x	https://orcid.org/0000-0001-8165-955x	NOUN
cjfa-56736	4	2	.	.	PUNCT
cjfa-56736	5	1	*	*	PUNCT
cjfa-56736	5	2	*	*	PUNCT
cjfa-56736	5	3	contact	contact	NOUN
cjfa-56736	5	4	information	information	NOUN
cjfa-56736	5	5	:	:	PUNCT
cjfa-56736	5	6	chakrounaloulou6@gmail.com	chakrounaloulou6@gmail.com	PROPN
cjfa-56736	5	7	,	,	PUNCT
cjfa-56736	5	8	phd	phd	NOUN
cjfa-56736	5	9	at	at	ADP
cjfa-56736	5	10	the	the	DET
cjfa-56736	5	11	ihec	ihec	PROPN
cjfa-56736	5	12	sousse	sousse	PROPN
cjfa-56736	5	13	,	,	PUNCT
cjfa-56736	5	14	4054	4054	NUM
cjfa-56736	5	15	,	,	PUNCT
cjfa-56736	5	16	tunisia	tunisia	NOUN
cjfa-56736	5	17	,	,	PUNCT
cjfa-56736	5	18	phone	phone	NOUN
cjfa-56736	5	19	:	:	PUNCT
cjfa-56736	5	20	+21654077091	+21654077091	NUM
cjfa-56736	5	21	;	;	PUNCT
cjfa-56736	5	22	orcid	orcid	PROPN
cjfa-56736	6	1	i	i	NOUN
cjfa-56736	6	2	d	d	NOUN
cjfa-56736	6	3	:	:	PUNCT
cjfa-56736	6	4	https://orcid.org/0009-0008-1605-9302	https://orcid.org/0009-0008-1605-9302	PROPN
cjfa-56736	6	5	.	.	PUNCT
cjfa-56736	7	1	aissia	aissia	PROPN
cjfa-56736	7	2	,	,	PUNCT
cjfa-56736	7	3	d.b	d.b	PROPN
cjfa-56736	7	4	.	.	PROPN
cjfa-56736	7	5	,	,	PUNCT
cjfa-56736	7	6	&	&	CCONJ
cjfa-56736	7	7	chakroun	chakroun	PROPN
cjfa-56736	7	8	,	,	PUNCT
cjfa-56736	7	9	a.e	a.e	PROPN
cjfa-56736	7	10	.	.	PROPN
cjfa-56736	7	11	(	(	PUNCT
cjfa-56736	7	12	2024	2024	NUM
cjfa-56736	7	13	)	)	PUNCT
cjfa-56736	7	14	.	.	PUNCT
cjfa-56736	8	1	study	study	NOUN
cjfa-56736	8	2	of	of	ADP
cjfa-56736	8	3	the	the	DET
cjfa-56736	8	4	performance	performance	NOUN
cjfa-56736	8	5	and	and	CCONJ
cjfa-56736	8	6	determinants	determinant	NOUN
cjfa-56736	8	7	of	of	ADP
cjfa-56736	8	8	initial	initial	ADJ
cjfa-56736	8	9	coin	coin	NOUN
cjfa-56736	8	10	offering	offering	NOUN
cjfa-56736	8	11	.	.	PUNCT
cjfa-56736	9	1	copernican	copernican	PROPN
cjfa-56736	9	2	journal	journal	PROPN
cjfa-56736	9	3	of	of	ADP
cjfa-56736	9	4	finance	finance	PROPN
cjfa-56736	9	5	&	&	CCONJ
cjfa-56736	9	6	accounting	accounting	PROPN
cjfa-56736	9	7	,	,	PUNCT
cjfa-56736	9	8	13(2	13(2	PROPN
cjfa-56736	9	9	)	)	PUNCT
cjfa-56736	9	10	,	,	PUNCT
cjfa-56736	9	11	9–27	9–27	PROPN
cjfa-56736	9	12	.	.	PUNCT
cjfa-56736	10	1	http://dx.doi.org/10.12775/	http://dx.doi.org/10.12775/	PROPN
cjfa-56736	10	2	cjfa.2024.005	cjfa.2024.005	PROPN
cjfa-56736	10	3	dorsaf	dorsaf	PROPN
cjfa-56736	10	4	ben	ben	PROPN
cjfa-56736	10	5	aissia	aissia	PROPN
cjfa-56736	10	6	*	*	PROPN
cjfa-56736	10	7	iscae	iscae	PROPN
cjfa-56736	10	8	manouba	manouba	PROPN
cjfa-56736	10	9	alaa	alaa	PROPN
cjfa-56736	10	10	eddine	eddine	PROPN
cjfa-56736	10	11	chakroun	chakroun	PROPN
cjfa-56736	10	12	*	*	PROPN
cjfa-56736	10	13	*	*	PUNCT
cjfa-56736	10	14	ihec	ihec	PROPN
cjfa-56736	10	15	sousse	sousse	PROPN
cjfa-56736	10	16	study	study	NOUN
cjfa-56736	10	17	of	of	ADP
cjfa-56736	10	18	the	the	DET
cjfa-56736	10	19	performance	performance	NOUN
cjfa-56736	10	20	and	and	CCONJ
cjfa-56736	10	21	determinants	determinant	NOUN
cjfa-56736	10	22	of	of	ADP
cjfa-56736	10	23	initial	initial	ADJ
cjfa-56736	10	24	coin	coin	NOUN
cjfa-56736	10	25	offering	offering	NOUN
cjfa-56736	10	26	keywords	keyword	NOUN
cjfa-56736	10	27	:	:	PUNCT
cjfa-56736	10	28	determinants	determinant	NOUN
cjfa-56736	10	29	of	of	ADP
cjfa-56736	10	30	ico	ico	PROPN
cjfa-56736	10	31	,	,	PUNCT
cjfa-56736	10	32	performance	performance	NOUN
cjfa-56736	10	33	,	,	PUNCT
cjfa-56736	10	34	reputation	reputation	NOUN
cjfa-56736	10	35	of	of	ADP
cjfa-56736	10	36	the	the	DET
cjfa-56736	10	37	founding	found	VERB
cjfa-56736	10	38	team	team	NOUN
cjfa-56736	10	39	,	,	PUNCT
cjfa-56736	10	40	quality	quality	NOUN
cjfa-56736	10	41	of	of	ADP
cjfa-56736	10	42	the	the	DET
cjfa-56736	10	43	information	information	NOUN
cjfa-56736	10	44	,	,	PUNCT
cjfa-56736	10	45	market	market	NOUN
cjfa-56736	10	46	liquidity	liquidity	NOUN
cjfa-56736	10	47	,	,	PUNCT
cjfa-56736	10	48	regulatory	regulatory	ADJ
cjfa-56736	10	49	compliance	compliance	NOUN
cjfa-56736	10	50	.	.	PUNCT
cjfa-56736	11	1	j	j	PROPN
cjfa-56736	11	2	e	e	NOUN
cjfa-56736	11	3	l	l	PROPN
cjfa-56736	11	4	classification	classification	NOUN
cjfa-56736	11	5	:	:	PUNCT
cjfa-56736	11	6	g11	g11	PROPN
cjfa-56736	11	7	,	,	PUNCT
cjfa-56736	11	8	g15	g15	PROPN
cjfa-56736	11	9	.	.	PUNCT
cjfa-56736	12	1	abstract	abstract	PROPN
cjfa-56736	12	2	:	:	PUNCT
cjfa-56736	12	3	the	the	DET
cjfa-56736	12	4	aim	aim	NOUN
cjfa-56736	12	5	of	of	ADP
cjfa-56736	12	6	the	the	DET
cjfa-56736	12	7	paper	paper	NOUN
cjfa-56736	12	8	is	be	AUX
cjfa-56736	12	9	to	to	PART
cjfa-56736	12	10	study	study	VERB
cjfa-56736	12	11	the	the	DET
cjfa-56736	12	12	relationship	relationship	NOUN
cjfa-56736	12	13	between	between	ADP
cjfa-56736	12	14	the	the	DET
cjfa-56736	12	15	performance	performance	NOUN
cjfa-56736	12	16	and	and	CCONJ
cjfa-56736	12	17	the	the	DET
cjfa-56736	12	18	determinants	determinant	NOUN
cjfa-56736	12	19	of	of	ADP
cjfa-56736	12	20	initial	initial	ADJ
cjfa-56736	12	21	coin	coin	NOUN
cjfa-56736	12	22	offering	offering	NOUN
cjfa-56736	12	23	.	.	PUNCT
cjfa-56736	13	1	we	we	PRON
cjfa-56736	13	2	use	use	VERB
cjfa-56736	13	3	panel	panel	NOUN
cjfa-56736	13	4	data	datum	NOUN
cjfa-56736	13	5	and	and	CCONJ
cjfa-56736	13	6	multiple	multiple	ADJ
cjfa-56736	13	7	regression	regression	NOUN
cjfa-56736	13	8	models	model	NOUN
cjfa-56736	13	9	to	to	PART
cjfa-56736	13	10	measure	measure	VERB
cjfa-56736	13	11	the	the	DET
cjfa-56736	13	12	impact	impact	NOUN
cjfa-56736	13	13	of	of	ADP
cjfa-56736	13	14	the	the	DET
cjfa-56736	13	15	determinants	determinant	NOUN
cjfa-56736	13	16	of	of	ADP
cjfa-56736	13	17	the	the	DET
cjfa-56736	13	18	initial	initial	ADJ
cjfa-56736	13	19	coin	coin	NOUN
cjfa-56736	13	20	offering	offering	NOUN
cjfa-56736	13	21	on	on	ADP
cjfa-56736	13	22	its	its	PRON
cjfa-56736	13	23	performance	performance	NOUN
cjfa-56736	13	24	.	.	PUNCT
cjfa-56736	14	1	based	base	VERB
cjfa-56736	14	2	on	on	ADP
cjfa-56736	14	3	a	a	DET
cjfa-56736	14	4	sample	sample	NOUN
cjfa-56736	14	5	of	of	ADP
cjfa-56736	14	6	3,498	3,498	NUM
cjfa-56736	14	7	icos	ico	NOUN
cjfa-56736	14	8	issued	issue	VERB
cjfa-56736	14	9	between	between	ADP
cjfa-56736	14	10	january	january	PROPN
cjfa-56736	14	11	2019	2019	NUM
cjfa-56736	14	12	and	and	CCONJ
cjfa-56736	14	13	december	december	PROPN
cjfa-56736	14	14	2023	2023	NUM
cjfa-56736	14	15	,	,	PUNCT
cjfa-56736	14	16	we	we	PRON
cjfa-56736	14	17	find	find	VERB
cjfa-56736	14	18	that	that	SCONJ
cjfa-56736	14	19	the	the	DET
cjfa-56736	14	20	reputation	reputation	NOUN
cjfa-56736	14	21	of	of	ADP
cjfa-56736	14	22	the	the	DET
cjfa-56736	14	23	founding	found	VERB
cjfa-56736	14	24	team	team	NOUN
cjfa-56736	14	25	,	,	PUNCT
cjfa-56736	14	26	the	the	DET
cjfa-56736	14	27	quality	quality	NOUN
cjfa-56736	14	28	of	of	ADP
cjfa-56736	14	29	the	the	DET
cjfa-56736	14	30	information	information	NOUN
cjfa-56736	14	31	materials	material	NOUN
cjfa-56736	14	32	provided	provide	VERB
cjfa-56736	14	33	to	to	ADP
cjfa-56736	14	34	stakeholders	stakeholder	NOUN
cjfa-56736	14	35	,	,	PUNCT
cjfa-56736	14	36	the	the	DET
cjfa-56736	14	37	market	market	NOUN
cjfa-56736	14	38	liquidity	liquidity	NOUN
cjfa-56736	14	39	,	,	PUNCT
cjfa-56736	14	40	and	and	CCONJ
cjfa-56736	14	41	regulatory	regulatory	ADJ
cjfa-56736	14	42	compliance	compliance	NOUN
cjfa-56736	14	43	are	be	AUX
cjfa-56736	14	44	closely	closely	ADV
cjfa-56736	14	45	related	relate	VERB
cjfa-56736	14	46	to	to	ADP
cjfa-56736	14	47	ico	ico	PROPN
cjfa-56736	14	48	performance	performance	NOUN
cjfa-56736	14	49	.	.	PUNCT
cjfa-56736	15	1	the	the	DET
cjfa-56736	15	2	implications	implication	NOUN
cjfa-56736	15	3	of	of	ADP
cjfa-56736	15	4	these	these	DET
cjfa-56736	15	5	findings	finding	NOUN
cjfa-56736	15	6	are	be	AUX
cjfa-56736	15	7	indeed	indeed	ADV
cjfa-56736	15	8	substantial	substantial	ADJ
cjfa-56736	15	9	,	,	PUNCT
cjfa-56736	15	10	as	as	SCONJ
cjfa-56736	15	11	they	they	PRON
cjfa-56736	15	12	have	have	VERB
cjfa-56736	15	13	far	far	ADV
cjfa-56736	15	14	-	-	PUNCT
cjfa-56736	15	15	reaching	reach	VERB
cjfa-56736	15	16	effects	effect	NOUN
cjfa-56736	15	17	on	on	ADP
cjfa-56736	15	18	all	all	DET
cjfa-56736	15	19	participants	participant	NOUN
cjfa-56736	15	20	in	in	ADP
cjfa-56736	15	21	the	the	DET
cjfa-56736	15	22	ico	ico	PROPN
cjfa-56736	15	23	market	market	NOUN
cjfa-56736	15	24	.	.	PUNCT
cjfa-56736	16	1	for	for	ADP
cjfa-56736	16	2	entrepreneurs	entrepreneur	NOUN
cjfa-56736	16	3	,	,	PUNCT
cjfa-56736	16	4	the	the	DET
cjfa-56736	16	5	results	result	NOUN
cjfa-56736	16	6	highlight	highlight	VERB
cjfa-56736	16	7	that	that	PRON
cjfa-56736	16	8	success	success	NOUN
cjfa-56736	16	9	in	in	ADP
cjfa-56736	16	10	icos	icos	PROPN
cjfa-56736	16	11	depends	depend	VERB
cjfa-56736	16	12	not	not	PART
cjfa-56736	16	13	only	only	ADV
cjfa-56736	16	14	on	on	ADP
cjfa-56736	16	15	innovative	innovative	ADJ
cjfa-56736	16	16	ideas	idea	NOUN
cjfa-56736	16	17	but	but	CCONJ
cjfa-56736	16	18	also	also	ADV
cjfa-56736	16	19	on	on	ADP
cjfa-56736	16	20	effective	effective	ADJ
cjfa-56736	16	21	governance	governance	NOUN
cjfa-56736	16	22	and	and	CCONJ
cjfa-56736	16	23	transparent	transparent	ADJ
cjfa-56736	16	24	communication	communication	NOUN
cjfa-56736	16	25	.	.	PUNCT
cjfa-56736	17	1	this	this	PRON
cjfa-56736	17	2	underscores	underscore	VERB
cjfa-56736	17	3	the	the	DET
cjfa-56736	17	4	importance	importance	NOUN
cjfa-56736	17	5	of	of	ADP
cjfa-56736	17	6	factors	factor	NOUN
cjfa-56736	17	7	beyond	beyond	ADP
cjfa-56736	17	8	the	the	DET
cjfa-56736	17	9	core	core	NOUN
cjfa-56736	17	10	technology	technology	NOUN
cjfa-56736	17	11	or	or	CCONJ
cjfa-56736	17	12	concept	concept	NOUN
cjfa-56736	17	13	in	in	ADP
cjfa-56736	17	14	determailto:chakrounaloulou6@gmail.com	determailto:chakrounaloulou6@gmail.com	PROPN
cjfa-56736	17	15	http://dx.doi.org/10.12775/cjfa.2024.005	http://dx.doi.org/10.12775/cjfa.2024.005	VERB
cjfa-56736	17	16	http://dx.doi.org/10.12775/cjfa.2024.005	http://dx.doi.org/10.12775/cjfa.2024.005	X
cjfa-56736	17	17	dorsaf	dorsaf	PROPN
cjfa-56736	17	18	ben	ben	PROPN
cjfa-56736	17	19	aissia	aissia	PROPN
cjfa-56736	17	20	,	,	PUNCT
cjfa-56736	17	21	alaa	alaa	PROPN
cjfa-56736	17	22	eddine	eddine	PROPN
cjfa-56736	17	23	chakroun1010	chakroun1010	PROPN
cjfa-56736	17	24	mining	mine	VERB
cjfa-56736	17	25	the	the	DET
cjfa-56736	17	26	success	success	NOUN
cjfa-56736	17	27	of	of	ADP
cjfa-56736	17	28	icos	icos	PROPN
cjfa-56736	17	29	and	and	CCONJ
cjfa-56736	17	30	emphasizes	emphasize	VERB
cjfa-56736	17	31	the	the	DET
cjfa-56736	17	32	need	need	NOUN
cjfa-56736	17	33	for	for	ADP
cjfa-56736	17	34	comprehensive	comprehensive	ADJ
cjfa-56736	17	35	strategies	strategy	NOUN
cjfa-56736	17	36	that	that	PRON
cjfa-56736	17	37	encompass	encompass	VERB
cjfa-56736	17	38	governance	governance	NOUN
cjfa-56736	17	39	and	and	CCONJ
cjfa-56736	17	40	communication	communication	NOUN
cjfa-56736	17	41	practices	practice	NOUN
cjfa-56736	17	42	.	.	PUNCT
cjfa-56736	17	43	 	 	SPACE
cjfa-56736	18	1	introduction	introduction	NOUN
cjfa-56736	18	2	 	 	SPACE
cjfa-56736	18	3	introduction	introduction	NOUN
cjfa-56736	18	4	icos	ico	NOUN
cjfa-56736	18	5	have	have	AUX
cjfa-56736	18	6	become	become	VERB
cjfa-56736	18	7	a	a	DET
cjfa-56736	18	8	significant	significant	ADJ
cjfa-56736	18	9	alternative	alternative	NOUN
cjfa-56736	18	10	to	to	ADP
cjfa-56736	18	11	traditional	traditional	ADJ
cjfa-56736	18	12	financing	financing	NOUN
cjfa-56736	18	13	methods	method	NOUN
cjfa-56736	18	14	,	,	PUNCT
cjfa-56736	18	15	such	such	ADJ
cjfa-56736	18	16	as	as	ADP
cjfa-56736	18	17	ipos	ipos	NOUN
cjfa-56736	18	18	or	or	CCONJ
cjfa-56736	18	19	raising	raise	VERB
cjfa-56736	18	20	funds	fund	NOUN
cjfa-56736	18	21	from	from	ADP
cjfa-56736	18	22	venture	venture	NOUN
cjfa-56736	18	23	capitalists	capitalist	NOUN
cjfa-56736	18	24	(	(	PUNCT
cjfa-56736	18	25	wisniewska	wisniewska	X
cjfa-56736	18	26	,	,	PUNCT
cjfa-56736	18	27	2018	2018	NUM
cjfa-56736	18	28	;	;	PUNCT
cjfa-56736	18	29	aslan	aslan	PROPN
cjfa-56736	18	30	,	,	PUNCT
cjfa-56736	18	31	şensoy	şensoy	PROPN
cjfa-56736	18	32	&	&	CCONJ
cjfa-56736	18	33	akdeniz	akdeniz	NOUN
cjfa-56736	18	34	,	,	PUNCT
cjfa-56736	18	35	2023	2023	NUM
cjfa-56736	18	36	;	;	PUNCT
cjfa-56736	18	37	wats	wat	NOUN
cjfa-56736	18	38	,	,	PUNCT
cjfa-56736	18	39	joshi	joshi	PROPN
cjfa-56736	18	40	&	&	CCONJ
cjfa-56736	18	41	singh	singh	PROPN
cjfa-56736	18	42	,	,	PUNCT
cjfa-56736	18	43	2024	2024	NUM
cjfa-56736	18	44	)	)	PUNCT
cjfa-56736	18	45	.	.	PUNCT
cjfa-56736	19	1	they	they	PRON
cjfa-56736	19	2	have	have	AUX
cjfa-56736	19	3	enabled	enable	VERB
cjfa-56736	19	4	a	a	DET
cjfa-56736	19	5	large	large	ADJ
cjfa-56736	19	6	number	number	NOUN
cjfa-56736	19	7	of	of	ADP
cjfa-56736	19	8	projects	project	NOUN
cjfa-56736	19	9	to	to	PART
cjfa-56736	19	10	raise	raise	VERB
cjfa-56736	19	11	capital	capital	NOUN
cjfa-56736	19	12	quickly	quickly	ADV
cjfa-56736	19	13	,	,	PUNCT
cjfa-56736	19	14	often	often	ADV
cjfa-56736	19	15	bypassing	bypass	VERB
cjfa-56736	19	16	traditional	traditional	ADJ
cjfa-56736	19	17	regulatory	regulatory	ADJ
cjfa-56736	19	18	mechanisms	mechanism	NOUN
cjfa-56736	19	19	(	(	PUNCT
cjfa-56736	19	20	adhami	adhami	NOUN
cjfa-56736	19	21	,	,	PUNCT
cjfa-56736	19	22	giudici	giudici	NOUN
cjfa-56736	19	23	&	&	CCONJ
cjfa-56736	19	24	martinazzi	martinazzi	NOUN
cjfa-56736	19	25	,	,	PUNCT
cjfa-56736	19	26	2018	2018	NUM
cjfa-56736	19	27	;	;	PUNCT
cjfa-56736	19	28	andrés	andrés	PROPN
cjfa-56736	19	29	,	,	PUNCT
cjfa-56736	19	30	arroyo	arroyo	NOUN
cjfa-56736	19	31	,	,	PUNCT
cjfa-56736	19	32	correia	correia	PROPN
cjfa-56736	19	33	&	&	CCONJ
cjfa-56736	19	34	rezola	rezola	PROPN
cjfa-56736	19	35	,	,	PUNCT
cjfa-56736	19	36	2022	2022	NUM
cjfa-56736	19	37	;	;	PUNCT
cjfa-56736	19	38	florysiak	florysiak	NOUN
cjfa-56736	19	39	&	&	CCONJ
cjfa-56736	19	40	schandlbauer	schandlbauer	NOUN
cjfa-56736	19	41	,	,	PUNCT
cjfa-56736	19	42	2022	2022	NUM
cjfa-56736	19	43	)	)	PUNCT
cjfa-56736	19	44	.	.	PUNCT
cjfa-56736	20	1	still	still	ADV
cjfa-56736	20	2	,	,	PUNCT
cjfa-56736	20	3	they	they	PRON
cjfa-56736	20	4	present	present	VERB
cjfa-56736	20	5	challenges	challenge	NOUN
cjfa-56736	20	6	related	relate	VERB
cjfa-56736	20	7	to	to	ADP
cjfa-56736	20	8	security	security	NOUN
cjfa-56736	20	9	,	,	PUNCT
cjfa-56736	20	10	governance	governance	NOUN
cjfa-56736	20	11	,	,	PUNCT
cjfa-56736	20	12	and	and	CCONJ
cjfa-56736	20	13	transparency	transparency	NOUN
cjfa-56736	20	14	.	.	PUNCT
cjfa-56736	21	1	understanding	understand	VERB
cjfa-56736	21	2	the	the	DET
cjfa-56736	21	3	factors	factor	NOUN
cjfa-56736	21	4	that	that	PRON
cjfa-56736	21	5	determine	determine	VERB
cjfa-56736	21	6	the	the	DET
cjfa-56736	21	7	success	success	NOUN
cjfa-56736	21	8	or	or	CCONJ
cjfa-56736	21	9	failure	failure	NOUN
cjfa-56736	21	10	of	of	ADP
cjfa-56736	21	11	icos	icos	PROPN
cjfa-56736	21	12	is	be	AUX
cjfa-56736	21	13	crucial	crucial	ADJ
cjfa-56736	21	14	for	for	ADP
cjfa-56736	21	15	investors	investor	NOUN
cjfa-56736	21	16	,	,	PUNCT
cjfa-56736	21	17	entrepreneurs	entrepreneur	NOUN
cjfa-56736	21	18	,	,	PUNCT
cjfa-56736	21	19	and	and	CCONJ
cjfa-56736	21	20	regulators	regulator	NOUN
cjfa-56736	21	21	.	.	PUNCT
cjfa-56736	22	1	hence	hence	ADV
cjfa-56736	22	2	,	,	PUNCT
cjfa-56736	22	3	we	we	PRON
cjfa-56736	22	4	aim	aim	VERB
cjfa-56736	22	5	to	to	PART
cjfa-56736	22	6	identify	identify	VERB
cjfa-56736	22	7	and	and	CCONJ
cjfa-56736	22	8	analyze	analyze	VERB
cjfa-56736	22	9	the	the	DET
cjfa-56736	22	10	variables	variable	NOUN
cjfa-56736	22	11	and	and	CCONJ
cjfa-56736	22	12	factors	factor	NOUN
cjfa-56736	22	13	that	that	PRON
cjfa-56736	22	14	play	play	VERB
cjfa-56736	22	15	a	a	DET
cjfa-56736	22	16	role	role	NOUN
cjfa-56736	22	17	in	in	ADP
cjfa-56736	22	18	ico	ico	PROPN
cjfa-56736	22	19	operation	operation	NOUN
cjfa-56736	22	20	,	,	PUNCT
cjfa-56736	22	21	providing	provide	VERB
cjfa-56736	22	22	specific	specific	ADJ
cjfa-56736	22	23	recommendations	recommendation	NOUN
cjfa-56736	22	24	for	for	ADP
cjfa-56736	22	25	improving	improve	VERB
cjfa-56736	22	26	transparency	transparency	NOUN
cjfa-56736	22	27	,	,	PUNCT
cjfa-56736	22	28	governance	governance	NOUN
cjfa-56736	22	29	,	,	PUNCT
cjfa-56736	22	30	and	and	CCONJ
cjfa-56736	22	31	success	success	NOUN
cjfa-56736	22	32	in	in	ADP
cjfa-56736	22	33	the	the	DET
cjfa-56736	22	34	ever	ever	ADV
cjfa-56736	22	35	-	-	PUNCT
cjfa-56736	22	36	changing	change	VERB
cjfa-56736	22	37	financial	financial	ADJ
cjfa-56736	22	38	environment	environment	NOUN
cjfa-56736	22	39	.	.	PUNCT
cjfa-56736	23	1	the	the	DET
cjfa-56736	23	2	related	related	ADJ
cjfa-56736	23	3	literature	literature	NOUN
cjfa-56736	23	4	on	on	ADP
cjfa-56736	23	5	ico	ico	PROPN
cjfa-56736	23	6	performance	performance	NOUN
cjfa-56736	23	7	is	be	AUX
cjfa-56736	23	8	relatively	relatively	ADV
cjfa-56736	23	9	recent	recent	ADJ
cjfa-56736	23	10	,	,	PUNCT
cjfa-56736	23	11	and	and	CCONJ
cjfa-56736	23	12	the	the	DET
cjfa-56736	23	13	main	main	ADJ
cjfa-56736	23	14	works	work	NOUN
cjfa-56736	23	15	reviewed	review	VERB
cjfa-56736	23	16	highlight	highlight	VERB
cjfa-56736	23	17	a	a	DET
cjfa-56736	23	18	range	range	NOUN
cjfa-56736	23	19	of	of	ADP
cjfa-56736	23	20	empirical	empirical	ADJ
cjfa-56736	23	21	studies	study	NOUN
cjfa-56736	23	22	that	that	PRON
cjfa-56736	23	23	have	have	AUX
cjfa-56736	23	24	contributed	contribute	VERB
cjfa-56736	23	25	to	to	ADP
cjfa-56736	23	26	understanding	understand	VERB
cjfa-56736	23	27	the	the	DET
cjfa-56736	23	28	mechanisms	mechanism	NOUN
cjfa-56736	23	29	of	of	ADP
cjfa-56736	23	30	ico	ico	PROPN
cjfa-56736	23	31	performance	performance	NOUN
cjfa-56736	23	32	(	(	PUNCT
cjfa-56736	23	33	fu	fu	PROPN
cjfa-56736	23	34	,	,	PUNCT
cjfa-56736	23	35	koh	koh	PROPN
cjfa-56736	23	36	&	&	CCONJ
cjfa-56736	23	37	griffin	griffin	PROPN
cjfa-56736	23	38	,	,	PUNCT
cjfa-56736	23	39	2019	2019	NUM
cjfa-56736	23	40	;	;	PUNCT
cjfa-56736	23	41	an	an	DET
cjfa-56736	23	42	,	,	PUNCT
cjfa-56736	23	43	duan	duan	PROPN
cjfa-56736	23	44	,	,	PUNCT
cjfa-56736	23	45	hou	hou	PROPN
cjfa-56736	23	46	&	&	CCONJ
cjfa-56736	23	47	xu	xu	PROPN
cjfa-56736	23	48	,	,	PUNCT
cjfa-56736	23	49	2019	2019	NUM
cjfa-56736	23	50	;	;	PUNCT
cjfa-56736	23	51	lyandres	lyandre	NOUN
cjfa-56736	23	52	,	,	PUNCT
cjfa-56736	23	53	palazzo	palazzo	PROPN
cjfa-56736	23	54	&	&	CCONJ
cjfa-56736	23	55	rabetti	rabetti	NOUN
cjfa-56736	23	56	,	,	PUNCT
cjfa-56736	23	57	2022	2022	NUM
cjfa-56736	23	58	;	;	PUNCT
cjfa-56736	23	59	momtaz	momtaz	NOUN
cjfa-56736	23	60	,	,	PUNCT
cjfa-56736	23	61	2019	2019	NUM
cjfa-56736	23	62	,	,	PUNCT
cjfa-56736	23	63	2020	2020	NUM
cjfa-56736	23	64	)	)	PUNCT
cjfa-56736	23	65	.	.	PUNCT
cjfa-56736	24	1	each	each	DET
cjfa-56736	24	2	piece	piece	NOUN
cjfa-56736	24	3	of	of	ADP
cjfa-56736	24	4	research	research	NOUN
cjfa-56736	24	5	adds	add	VERB
cjfa-56736	24	6	a	a	DET
cjfa-56736	24	7	unique	unique	ADJ
cjfa-56736	24	8	piece	piece	NOUN
cjfa-56736	24	9	to	to	ADP
cjfa-56736	24	10	a	a	DET
cjfa-56736	24	11	complex	complex	ADJ
cjfa-56736	24	12	,	,	PUNCT
cjfa-56736	24	13	constantly	constantly	ADV
cjfa-56736	24	14	evolving	evolve	VERB
cjfa-56736	24	15	puzzle	puzzle	NOUN
cjfa-56736	24	16	,	,	PUNCT
cjfa-56736	24	17	emphasizing	emphasize	VERB
cjfa-56736	24	18	the	the	DET
cjfa-56736	24	19	dynamic	dynamic	ADJ
cjfa-56736	24	20	nature	nature	NOUN
cjfa-56736	24	21	of	of	ADP
cjfa-56736	24	22	the	the	DET
cjfa-56736	24	23	field	field	NOUN
cjfa-56736	24	24	and	and	CCONJ
cjfa-56736	24	25	the	the	DET
cjfa-56736	24	26	ongoing	ongoing	ADJ
cjfa-56736	24	27	efforts	effort	NOUN
cjfa-56736	24	28	to	to	PART
cjfa-56736	24	29	unravel	unravel	VERB
cjfa-56736	24	30	the	the	DET
cjfa-56736	24	31	factors	factor	NOUN
cjfa-56736	24	32	that	that	PRON
cjfa-56736	24	33	shape	shape	VERB
cjfa-56736	24	34	ico	ico	PROPN
cjfa-56736	24	35	success	success	NOUN
cjfa-56736	24	36	and	and	CCONJ
cjfa-56736	24	37	performance	performance	NOUN
cjfa-56736	24	38	.	.	PUNCT
cjfa-56736	25	1	recent	recent	ADJ
cjfa-56736	25	2	works	work	NOUN
cjfa-56736	25	3	of	of	ADP
cjfa-56736	25	4	kuppuswamy	kuppuswamy	NOUN
cjfa-56736	25	5	and	and	CCONJ
cjfa-56736	25	6	bayus	bayu	VERB
cjfa-56736	25	7	(	(	PUNCT
cjfa-56736	25	8	2018	2018	NUM
cjfa-56736	25	9	)	)	PUNCT
cjfa-56736	25	10	,	,	PUNCT
cjfa-56736	25	11	zhang	zhang	PROPN
cjfa-56736	25	12	,	,	PUNCT
cjfa-56736	25	13	mukai	mukai	PROPN
cjfa-56736	25	14	,	,	PUNCT
cjfa-56736	25	15	naeem	naeem	PROPN
cjfa-56736	25	16	,	,	PUNCT
cjfa-56736	25	17	dhuna	dhuna	PROPN
cjfa-56736	25	18	,	,	PUNCT
cjfa-56736	25	19	parveen	parveen	PROPN
cjfa-56736	25	20	and	and	CCONJ
cjfa-56736	25	21	kim	kim	PROPN
cjfa-56736	25	22	(	(	PUNCT
cjfa-56736	25	23	2019	2019	NUM
cjfa-56736	25	24	)	)	PUNCT
cjfa-56736	25	25	,	,	PUNCT
cjfa-56736	25	26	and	and	CCONJ
cjfa-56736	25	27	wang	wang	PROPN
cjfa-56736	25	28	,	,	PUNCT
cjfa-56736	25	29	fisch	fisch	PROPN
cjfa-56736	25	30	and	and	CCONJ
cjfa-56736	25	31	momtaz	momtaz	PROPN
cjfa-56736	25	32	(	(	PUNCT
cjfa-56736	25	33	2020	2020	NUM
cjfa-56736	25	34	)	)	PUNCT
cjfa-56736	25	35	provide	provide	VERB
cjfa-56736	25	36	valuable	valuable	ADJ
cjfa-56736	25	37	insights	insight	NOUN
cjfa-56736	25	38	into	into	ADP
cjfa-56736	25	39	the	the	DET
cjfa-56736	25	40	factors	factor	NOUN
cjfa-56736	25	41	influencing	influence	VERB
cjfa-56736	25	42	ico	ico	NOUN
cjfa-56736	25	43	performance	performance	NOUN
cjfa-56736	25	44	.	.	PUNCT
cjfa-56736	26	1	kuppuswamy	kuppuswamy	PROPN
cjfa-56736	26	2	and	and	CCONJ
cjfa-56736	26	3	bayus	bayu	VERB
cjfa-56736	26	4	(	(	PUNCT
cjfa-56736	26	5	2018	2018	NUM
cjfa-56736	26	6	)	)	PUNCT
cjfa-56736	26	7	emphasize	emphasize	VERB
cjfa-56736	26	8	the	the	DET
cjfa-56736	26	9	significance	significance	NOUN
cjfa-56736	26	10	of	of	ADP
cjfa-56736	26	11	initial	initial	ADJ
cjfa-56736	26	12	returns	return	NOUN
cjfa-56736	26	13	in	in	ADP
cjfa-56736	26	14	shaping	shape	VERB
cjfa-56736	26	15	investor	investor	NOUN
cjfa-56736	26	16	perception	perception	NOUN
cjfa-56736	26	17	and	and	CCONJ
cjfa-56736	26	18	participation	participation	NOUN
cjfa-56736	26	19	,	,	PUNCT
cjfa-56736	26	20	while	while	SCONJ
cjfa-56736	26	21	zhang	zhang	PROPN
cjfa-56736	26	22	et	et	PROPN
cjfa-56736	26	23	al	al	PROPN
cjfa-56736	26	24	.	.	PROPN
cjfa-56736	27	1	(	(	PUNCT
cjfa-56736	27	2	2019	2019	NUM
cjfa-56736	27	3	)	)	PUNCT
cjfa-56736	27	4	highlight	highlight	VERB
cjfa-56736	27	5	the	the	DET
cjfa-56736	27	6	importance	importance	NOUN
cjfa-56736	27	7	of	of	ADP
cjfa-56736	27	8	the	the	DET
cjfa-56736	27	9	white	white	PROPN
cjfa-56736	27	10	paper	paper	PROPN
cjfa-56736	27	11	quality	quality	NOUN
cjfa-56736	27	12	,	,	PUNCT
cjfa-56736	27	13	community	community	NOUN
cjfa-56736	27	14	size	size	NOUN
cjfa-56736	27	15	,	,	PUNCT
cjfa-56736	27	16	and	and	CCONJ
cjfa-56736	27	17	transparency	transparency	NOUN
cjfa-56736	27	18	of	of	ADP
cjfa-56736	27	19	the	the	DET
cjfa-56736	27	20	founding	found	VERB
cjfa-56736	27	21	team	team	NOUN
cjfa-56736	27	22	in	in	ADP
cjfa-56736	27	23	influencing	influence	VERB
cjfa-56736	27	24	investor	investor	NOUN
cjfa-56736	27	25	perception	perception	NOUN
cjfa-56736	27	26	and	and	CCONJ
cjfa-56736	27	27	sustaining	sustain	VERB
cjfa-56736	27	28	positive	positive	ADJ
cjfa-56736	27	29	momentum	momentum	NOUN
cjfa-56736	27	30	after	after	ADP
cjfa-56736	27	31	listing	list	VERB
cjfa-56736	27	32	.	.	PUNCT
cjfa-56736	28	1	still	still	ADV
cjfa-56736	28	2	,	,	PUNCT
cjfa-56736	28	3	wang	wang	PROPN
cjfa-56736	28	4	et	et	PROPN
cjfa-56736	28	5	al	al	PROPN
cjfa-56736	28	6	.	.	PROPN
cjfa-56736	29	1	(	(	PUNCT
cjfa-56736	29	2	2020	2020	NUM
cjfa-56736	29	3	)	)	PUNCT
cjfa-56736	29	4	call	call	NOUN
cjfa-56736	29	5	for	for	ADP
cjfa-56736	29	6	further	further	ADJ
cjfa-56736	29	7	research	research	NOUN
cjfa-56736	29	8	to	to	PART
cjfa-56736	29	9	explore	explore	VERB
cjfa-56736	29	10	the	the	DET
cjfa-56736	29	11	complex	complex	ADJ
cjfa-56736	29	12	interactions	interaction	NOUN
cjfa-56736	29	13	between	between	ADP
cjfa-56736	29	14	white	white	ADJ
cjfa-56736	29	15	paper	paper	NOUN
cjfa-56736	29	16	quality	quality	NOUN
cjfa-56736	29	17	,	,	PUNCT
cjfa-56736	29	18	community	community	NOUN
cjfa-56736	29	19	size	size	NOUN
cjfa-56736	29	20	,	,	PUNCT
cjfa-56736	29	21	and	and	CCONJ
cjfa-56736	29	22	technical	technical	ADJ
cjfa-56736	29	23	characteristics	characteristic	NOUN
cjfa-56736	29	24	underscoring	underscore	VERB
cjfa-56736	29	25	the	the	DET
cjfa-56736	29	26	need	need	NOUN
cjfa-56736	29	27	for	for	ADP
cjfa-56736	29	28	a	a	DET
cjfa-56736	29	29	comprehensive	comprehensive	ADJ
cjfa-56736	29	30	understanding	understanding	NOUN
cjfa-56736	29	31	of	of	ADP
cjfa-56736	29	32	ico	ico	PROPN
cjfa-56736	29	33	performance	performance	NOUN
cjfa-56736	29	34	determinants	determinant	NOUN
cjfa-56736	29	35	.	.	PUNCT
cjfa-56736	30	1	recently	recently	ADV
cjfa-56736	30	2	,	,	PUNCT
cjfa-56736	30	3	bai	bai	PROPN
cjfa-56736	30	4	and	and	CCONJ
cjfa-56736	30	5	zhang	zhang	PROPN
cjfa-56736	30	6	(	(	PUNCT
cjfa-56736	30	7	2024	2024	NUM
cjfa-56736	30	8	)	)	PUNCT
cjfa-56736	30	9	used	use	VERB
cjfa-56736	30	10	the	the	DET
cjfa-56736	30	11	automated	automate	VERB
cjfa-56736	30	12	machine	machine	NOUN
cjfa-56736	30	13	learning	learning	NOUN
cjfa-56736	30	14	method	method	NOUN
cjfa-56736	30	15	to	to	PART
cjfa-56736	30	16	offer	offer	VERB
cjfa-56736	30	17	valuable	valuable	ADJ
cjfa-56736	30	18	insights	insight	NOUN
cjfa-56736	30	19	into	into	ADP
cjfa-56736	30	20	the	the	DET
cjfa-56736	30	21	potential	potential	ADJ
cjfa-56736	30	22	determinants	determinant	NOUN
cjfa-56736	30	23	of	of	ADP
cjfa-56736	30	24	ico	ico	PROPN
cjfa-56736	30	25	success	success	NOUN
cjfa-56736	30	26	https://www.sciencedirect.com/author/55761876000/ahmet-sensoy	https://www.sciencedirect.com/author/55761876000/ahmet-sensoy	PRON
cjfa-56736	30	27	https://scholar.google.com/citations?user=mducpnaaaaaj&hl=fr&oi=sra	https://scholar.google.com/citations?user=mducpnaaaaaj&hl=fr&oi=sra	PROPN
cjfa-56736	30	28	https://scholar.google.com/citations?user=x-l00boaaaaj&hl=fr&oi=sra	https://scholar.google.com/citations?user=x-l00boaaaaj&hl=fr&oi=sra	ADJ
cjfa-56736	30	29	study	study	NOUN
cjfa-56736	30	30	of	of	ADP
cjfa-56736	30	31	the	the	DET
cjfa-56736	30	32	performance	performance	NOUN
cjfa-56736	30	33	and	and	CCONJ
cjfa-56736	30	34	determinants	determinant	NOUN
cjfa-56736	30	35	…	…	PUNCT
cjfa-56736	30	36	1111	1111	NUM
cjfa-56736	30	37	and	and	CCONJ
cjfa-56736	30	38	found	find	VERB
cjfa-56736	30	39	that	that	SCONJ
cjfa-56736	30	40	projects	project	NOUN
cjfa-56736	30	41	that	that	PRON
cjfa-56736	30	42	have	have	AUX
cjfa-56736	30	43	secured	secure	VERB
cjfa-56736	30	44	presale	presale	NOUN
cjfa-56736	30	45	funding	funding	NOUN
cjfa-56736	30	46	,	,	PUNCT
cjfa-56736	30	47	coupled	couple	VERB
cjfa-56736	30	48	with	with	ADP
cjfa-56736	30	49	comprehensive	comprehensive	ADJ
cjfa-56736	30	50	token	token	VERB
cjfa-56736	30	51	sale	sale	NOUN
cjfa-56736	30	52	information	information	NOUN
cjfa-56736	30	53	,	,	PUNCT
cjfa-56736	30	54	exhibit	exhibit	VERB
cjfa-56736	30	55	a	a	DET
cjfa-56736	30	56	markedly	markedly	ADV
cjfa-56736	30	57	increased	increase	VERB
cjfa-56736	30	58	likelihood	likelihood	NOUN
cjfa-56736	30	59	of	of	ADP
cjfa-56736	30	60	achieving	achieve	VERB
cjfa-56736	30	61	ico	ico	PROPN
cjfa-56736	30	62	success	success	NOUN
cjfa-56736	30	63	.	.	PUNCT
cjfa-56736	31	1	the	the	DET
cjfa-56736	31	2	contribution	contribution	NOUN
cjfa-56736	31	3	of	of	ADP
cjfa-56736	31	4	our	our	PRON
cjfa-56736	31	5	study	study	NOUN
cjfa-56736	31	6	to	to	ADP
cjfa-56736	31	7	this	this	DET
cjfa-56736	31	8	existing	exist	VERB
cjfa-56736	31	9	literature	literature	NOUN
cjfa-56736	31	10	is	be	AUX
cjfa-56736	31	11	twofold	twofold	ADJ
cjfa-56736	31	12	.	.	PUNCT
cjfa-56736	32	1	first	first	ADV
cjfa-56736	32	2	,	,	PUNCT
cjfa-56736	32	3	we	we	PRON
cjfa-56736	32	4	identify	identify	VERB
cjfa-56736	32	5	and	and	CCONJ
cjfa-56736	32	6	analyze	analyze	VERB
cjfa-56736	32	7	the	the	DET
cjfa-56736	32	8	variables	variable	NOUN
cjfa-56736	32	9	and	and	CCONJ
cjfa-56736	32	10	factors	factor	NOUN
cjfa-56736	32	11	that	that	PRON
cjfa-56736	32	12	are	be	AUX
cjfa-56736	32	13	important	important	ADJ
cjfa-56736	32	14	in	in	ADP
cjfa-56736	32	15	ico	ico	PROPN
cjfa-56736	32	16	operation	operation	NOUN
cjfa-56736	32	17	.	.	PUNCT
cjfa-56736	33	1	by	by	ADP
cjfa-56736	33	2	doing	do	VERB
cjfa-56736	33	3	so	so	ADV
cjfa-56736	33	4	,	,	PUNCT
cjfa-56736	33	5	the	the	DET
cjfa-56736	33	6	study	study	NOUN
cjfa-56736	33	7	can	can	AUX
cjfa-56736	33	8	offer	offer	VERB
cjfa-56736	33	9	practical	practical	ADJ
cjfa-56736	33	10	guidance	guidance	NOUN
cjfa-56736	33	11	to	to	ADP
cjfa-56736	33	12	investors	investor	NOUN
cjfa-56736	33	13	and	and	CCONJ
cjfa-56736	33	14	project	project	NOUN
cjfa-56736	33	15	holders	holder	NOUN
cjfa-56736	33	16	in	in	ADP
cjfa-56736	33	17	navigating	navigate	VERB
cjfa-56736	33	18	the	the	DET
cjfa-56736	33	19	evolving	evolve	VERB
cjfa-56736	33	20	financial	financial	ADJ
cjfa-56736	33	21	landscape	landscape	NOUN
cjfa-56736	33	22	.	.	PUNCT
cjfa-56736	34	1	furthermore	furthermore	ADV
cjfa-56736	34	2	,	,	PUNCT
cjfa-56736	34	3	the	the	DET
cjfa-56736	34	4	empirical	empirical	ADJ
cjfa-56736	34	5	analysis	analysis	NOUN
cjfa-56736	34	6	and	and	CCONJ
cjfa-56736	34	7	the	the	DET
cjfa-56736	34	8	discussion	discussion	NOUN
cjfa-56736	34	9	will	will	AUX
cjfa-56736	34	10	seek	seek	VERB
cjfa-56736	34	11	to	to	PART
cjfa-56736	34	12	validate	validate	VERB
cjfa-56736	34	13	and	and	CCONJ
cjfa-56736	34	14	understand	understand	VERB
cjfa-56736	34	15	the	the	DET
cjfa-56736	34	16	significance	significance	NOUN
cjfa-56736	34	17	of	of	ADP
cjfa-56736	34	18	these	these	DET
cjfa-56736	34	19	factors	factor	NOUN
cjfa-56736	34	20	in	in	ADP
cjfa-56736	34	21	determining	determine	VERB
cjfa-56736	34	22	ico	ico	PROPN
cjfa-56736	34	23	performance	performance	NOUN
cjfa-56736	34	24	.	.	PUNCT
cjfa-56736	35	1	we	we	PRON
cjfa-56736	35	2	will	will	AUX
cjfa-56736	35	3	examine	examine	VERB
cjfa-56736	35	4	how	how	SCONJ
cjfa-56736	35	5	these	these	DET
cjfa-56736	35	6	interconnected	interconnected	ADJ
cjfa-56736	35	7	variables	variable	NOUN
cjfa-56736	35	8	contribute	contribute	VERB
cjfa-56736	35	9	to	to	ADP
cjfa-56736	35	10	the	the	DET
cjfa-56736	35	11	effectiveness	effectiveness	NOUN
cjfa-56736	35	12	of	of	ADP
cjfa-56736	35	13	icos	icos	PROPN
cjfa-56736	35	14	and	and	CCONJ
cjfa-56736	35	15	discuss	discuss	VERB
cjfa-56736	35	16	their	their	PRON
cjfa-56736	35	17	implications	implication	NOUN
cjfa-56736	35	18	for	for	ADP
cjfa-56736	35	19	the	the	DET
cjfa-56736	35	20	ico	ico	PROPN
cjfa-56736	35	21	market	market	NOUN
cjfa-56736	35	22	.	.	PUNCT
cjfa-56736	36	1	second	second	ADV
cjfa-56736	36	2	,	,	PUNCT
cjfa-56736	36	3	we	we	PRON
cjfa-56736	36	4	provide	provide	VERB
cjfa-56736	36	5	specific	specific	ADJ
cjfa-56736	36	6	recommendations	recommendation	NOUN
cjfa-56736	36	7	for	for	ADP
cjfa-56736	36	8	improving	improve	VERB
cjfa-56736	36	9	transparency	transparency	NOUN
cjfa-56736	36	10	,	,	PUNCT
cjfa-56736	36	11	governance	governance	NOUN
cjfa-56736	36	12	,	,	PUNCT
cjfa-56736	36	13	and	and	CCONJ
cjfa-56736	36	14	the	the	DET
cjfa-56736	36	15	success	success	NOUN
cjfa-56736	36	16	of	of	ADP
cjfa-56736	36	17	ico	ico	PROPN
cjfa-56736	36	18	in	in	ADP
cjfa-56736	36	19	a	a	DET
cjfa-56736	36	20	demonstration	demonstration	NOUN
cjfa-56736	36	21	of	of	ADP
cjfa-56736	36	22	a	a	DET
cjfa-56736	36	23	comprehensive	comprehensive	ADJ
cjfa-56736	36	24	approach	approach	NOUN
cjfa-56736	36	25	.	.	PUNCT
cjfa-56736	37	1	we	we	PRON
cjfa-56736	37	2	find	find	VERB
cjfa-56736	37	3	that	that	SCONJ
cjfa-56736	37	4	the	the	DET
cjfa-56736	37	5	interconnected	interconnected	ADJ
cjfa-56736	37	6	factors	factor	NOUN
cjfa-56736	37	7	that	that	PRON
cjfa-56736	37	8	determine	determine	VERB
cjfa-56736	37	9	the	the	DET
cjfa-56736	37	10	success	success	NOUN
cjfa-56736	37	11	or	or	CCONJ
cjfa-56736	37	12	failure	failure	NOUN
cjfa-56736	37	13	of	of	ADP
cjfa-56736	37	14	an	an	DET
cjfa-56736	37	15	ico	ico	NOUN
cjfa-56736	37	16	are	be	AUX
cjfa-56736	37	17	the	the	DET
cjfa-56736	37	18	quality	quality	NOUN
cjfa-56736	37	19	of	of	ADP
cjfa-56736	37	20	information	information	NOUN
cjfa-56736	37	21	provided	provide	VERB
cjfa-56736	37	22	to	to	ADP
cjfa-56736	37	23	stakeholders	stakeholder	NOUN
cjfa-56736	37	24	,	,	PUNCT
cjfa-56736	37	25	market	market	NOUN
cjfa-56736	37	26	liquidity	liquidity	NOUN
cjfa-56736	37	27	,	,	PUNCT
cjfa-56736	37	28	and	and	CCONJ
cjfa-56736	37	29	regulatory	regulatory	ADJ
cjfa-56736	37	30	compliance	compliance	NOUN
cjfa-56736	37	31	.	.	PUNCT
cjfa-56736	38	1	we	we	PRON
cjfa-56736	38	2	provide	provide	VERB
cjfa-56736	38	3	a	a	DET
cjfa-56736	38	4	holistic	holistic	ADJ
cjfa-56736	38	5	understanding	understanding	NOUN
cjfa-56736	38	6	of	of	ADP
cjfa-56736	38	7	these	these	DET
cjfa-56736	38	8	factors	factor	NOUN
cjfa-56736	38	9	and	and	CCONJ
cjfa-56736	38	10	their	their	PRON
cjfa-56736	38	11	complex	complex	ADJ
cjfa-56736	38	12	interplay	interplay	NOUN
cjfa-56736	38	13	in	in	ADP
cjfa-56736	38	14	influencing	influence	VERB
cjfa-56736	38	15	ico	ico	PROPN
cjfa-56736	38	16	success	success	NOUN
cjfa-56736	38	17	.	.	PUNCT
cjfa-56736	39	1	certainly	certainly	ADV
cjfa-56736	39	2	,	,	PUNCT
cjfa-56736	39	3	the	the	DET
cjfa-56736	39	4	focus	focus	NOUN
cjfa-56736	39	5	of	of	ADP
cjfa-56736	39	6	our	our	PRON
cjfa-56736	39	7	study	study	NOUN
cjfa-56736	39	8	on	on	ADP
cjfa-56736	39	9	identifying	identify	VERB
cjfa-56736	39	10	the	the	DET
cjfa-56736	39	11	factors	factor	NOUN
cjfa-56736	39	12	that	that	PRON
cjfa-56736	39	13	contribute	contribute	VERB
cjfa-56736	39	14	to	to	ADP
cjfa-56736	39	15	the	the	DET
cjfa-56736	39	16	success	success	NOUN
cjfa-56736	39	17	or	or	CCONJ
cjfa-56736	39	18	failure	failure	NOUN
cjfa-56736	39	19	of	of	ADP
cjfa-56736	39	20	icos	icos	PROPN
cjfa-56736	39	21	is	be	AUX
cjfa-56736	39	22	crucial	crucial	ADJ
cjfa-56736	39	23	,	,	PUNCT
cjfa-56736	39	24	as	as	SCONJ
cjfa-56736	39	25	it	it	PRON
cjfa-56736	39	26	holds	hold	VERB
cjfa-56736	39	27	significant	significant	ADJ
cjfa-56736	39	28	implications	implication	NOUN
cjfa-56736	39	29	for	for	ADP
cjfa-56736	39	30	investors	investor	NOUN
cjfa-56736	39	31	,	,	PUNCT
cjfa-56736	39	32	entrepreneurs	entrepreneur	NOUN
cjfa-56736	39	33	,	,	PUNCT
cjfa-56736	39	34	and	and	CCONJ
cjfa-56736	39	35	regulators	regulator	NOUN
cjfa-56736	39	36	.	.	PUNCT
cjfa-56736	40	1	by	by	ADP
cjfa-56736	40	2	seeking	seek	VERB
cjfa-56736	40	3	to	to	PART
cjfa-56736	40	4	understand	understand	VERB
cjfa-56736	40	5	these	these	DET
cjfa-56736	40	6	factors	factor	NOUN
cjfa-56736	40	7	,	,	PUNCT
cjfa-56736	40	8	our	our	PRON
cjfa-56736	40	9	study	study	NOUN
cjfa-56736	40	10	can	can	AUX
cjfa-56736	40	11	offer	offer	VERB
cjfa-56736	40	12	valuable	valuable	ADJ
cjfa-56736	40	13	insights	insight	NOUN
cjfa-56736	40	14	that	that	PRON
cjfa-56736	40	15	may	may	AUX
cjfa-56736	40	16	help	help	VERB
cjfa-56736	40	17	stakeholders	stakeholder	NOUN
cjfa-56736	40	18	navigate	navigate	VERB
cjfa-56736	40	19	the	the	DET
cjfa-56736	40	20	complexities	complexity	NOUN
cjfa-56736	40	21	of	of	ADP
cjfa-56736	40	22	icos	ico	NOUN
cjfa-56736	40	23	and	and	CCONJ
cjfa-56736	40	24	make	make	VERB
cjfa-56736	40	25	informed	informed	ADJ
cjfa-56736	40	26	decisions	decision	NOUN
cjfa-56736	40	27	in	in	ADP
cjfa-56736	40	28	the	the	DET
cjfa-56736	40	29	rapidly	rapidly	ADV
cjfa-56736	40	30	evolving	evolve	VERB
cjfa-56736	40	31	financial	financial	ADJ
cjfa-56736	40	32	landscape	landscape	NOUN
cjfa-56736	40	33	.	.	PUNCT
cjfa-56736	41	1	the	the	DET
cjfa-56736	41	2	remainder	remainder	NOUN
cjfa-56736	41	3	of	of	ADP
cjfa-56736	41	4	the	the	DET
cjfa-56736	41	5	paper	paper	NOUN
cjfa-56736	41	6	is	be	AUX
cjfa-56736	41	7	organized	organize	VERB
cjfa-56736	41	8	as	as	SCONJ
cjfa-56736	41	9	follows	follow	VERB
cjfa-56736	41	10	.	.	PUNCT
cjfa-56736	42	1	the	the	DET
cjfa-56736	42	2	second	second	ADJ
cjfa-56736	42	3	section	section	NOUN
cjfa-56736	42	4	analyzes	analyze	VERB
cjfa-56736	42	5	the	the	DET
cjfa-56736	42	6	different	different	ADJ
cjfa-56736	42	7	models	model	NOUN
cjfa-56736	42	8	and	and	CCONJ
cjfa-56736	42	9	data	datum	NOUN
cjfa-56736	42	10	used	use	VERB
cjfa-56736	42	11	in	in	ADP
cjfa-56736	42	12	the	the	DET
cjfa-56736	42	13	empirical	empirical	ADJ
cjfa-56736	42	14	part	part	NOUN
cjfa-56736	42	15	of	of	ADP
cjfa-56736	42	16	the	the	DET
cjfa-56736	42	17	paper	paper	NOUN
cjfa-56736	42	18	.	.	PUNCT
cjfa-56736	43	1	it	it	PRON
cjfa-56736	43	2	defines	define	VERB
cjfa-56736	43	3	all	all	DET
cjfa-56736	43	4	the	the	DET
cjfa-56736	43	5	used	used	ADJ
cjfa-56736	43	6	variables	variable	NOUN
cjfa-56736	43	7	.	.	PUNCT
cjfa-56736	44	1	the	the	DET
cjfa-56736	44	2	third	third	ADJ
cjfa-56736	44	3	section	section	NOUN
cjfa-56736	44	4	presents	present	VERB
cjfa-56736	44	5	the	the	DET
cjfa-56736	44	6	results	result	NOUN
cjfa-56736	44	7	of	of	ADP
cjfa-56736	44	8	the	the	DET
cjfa-56736	44	9	empirical	empirical	ADJ
cjfa-56736	44	10	analysis	analysis	NOUN
cjfa-56736	44	11	and	and	CCONJ
cjfa-56736	44	12	discusses	discuss	VERB
cjfa-56736	44	13	the	the	DET
cjfa-56736	44	14	implications	implication	NOUN
cjfa-56736	44	15	of	of	ADP
cjfa-56736	44	16	these	these	DET
cjfa-56736	44	17	results	result	NOUN
cjfa-56736	44	18	.	.	PUNCT
cjfa-56736	45	1	finally	finally	ADV
cjfa-56736	45	2	,	,	PUNCT
cjfa-56736	45	3	the	the	DET
cjfa-56736	45	4	fourth	fourth	ADJ
cjfa-56736	45	5	section	section	NOUN
cjfa-56736	45	6	will	will	AUX
cjfa-56736	45	7	provide	provide	VERB
cjfa-56736	45	8	a	a	DET
cjfa-56736	45	9	conclusion	conclusion	NOUN
cjfa-56736	45	10	to	to	ADP
cjfa-56736	45	11	the	the	DET
cjfa-56736	45	12	paper	paper	NOUN
cjfa-56736	45	13	,	,	PUNCT
cjfa-56736	45	14	summarizing	summarize	VERB
cjfa-56736	45	15	the	the	DET
cjfa-56736	45	16	main	main	ADJ
cjfa-56736	45	17	findings	finding	NOUN
cjfa-56736	45	18	and	and	CCONJ
cjfa-56736	45	19	discussing	discuss	VERB
cjfa-56736	45	20	their	their	PRON
cjfa-56736	45	21	implications	implication	NOUN
cjfa-56736	45	22	for	for	ADP
cjfa-56736	45	23	the	the	DET
cjfa-56736	45	24	ico	ico	PROPN
cjfa-56736	45	25	market	market	NOUN
cjfa-56736	45	26	.	.	PUNCT
cjfa-56736	46	1	the	the	DET
cjfa-56736	46	2	research	research	NOUN
cjfa-56736	46	3	methodology	methodology	NOUN
cjfa-56736	46	4	and	and	CCONJ
cjfa-56736	46	5	the	the	DET
cjfa-56736	46	6	course	course	NOUN
cjfa-56736	46	7	of	of	ADP
cjfa-56736	46	8	the	the	DET
cjfa-56736	46	9	research	research	NOUN
cjfa-56736	46	10	process	process	NOUN
cjfa-56736	46	11	the	the	DET
cjfa-56736	46	12	research	research	NOUN
cjfa-56736	46	13	methodology	methodology	NOUN
cjfa-56736	46	14	and	and	CCONJ
cjfa-56736	46	15	the	the	DET
cjfa-56736	46	16	course	course	NOUN
cjfa-56736	46	17	of	of	ADP
cjfa-56736	46	18	the	the	DET
cjfa-56736	46	19	research	research	NOUN
cjfa-56736	46	20	process	process	NOUN
cjfa-56736	46	21	methodologymethodology	methodologymethodology	NOUN
cjfa-56736	46	22	our	our	PRON
cjfa-56736	46	23	data	data	NOUN
cjfa-56736	46	24	is	be	AUX
cjfa-56736	46	25	in	in	ADP
cjfa-56736	46	26	the	the	DET
cjfa-56736	46	27	form	form	NOUN
cjfa-56736	46	28	of	of	ADP
cjfa-56736	46	29	panel	panel	NOUN
cjfa-56736	46	30	data	datum	NOUN
cjfa-56736	46	31	,	,	PUNCT
cjfa-56736	46	32	we	we	PRON
cjfa-56736	46	33	try	try	VERB
cjfa-56736	46	34	to	to	PART
cjfa-56736	46	35	apply	apply	VERB
cjfa-56736	46	36	the	the	DET
cjfa-56736	46	37	fixed	fixed	ADJ
cjfa-56736	46	38	effect	effect	NOUN
cjfa-56736	46	39	or	or	CCONJ
cjfa-56736	46	40	the	the	DET
cjfa-56736	46	41	random	random	ADJ
cjfa-56736	46	42	effect	effect	NOUN
cjfa-56736	46	43	but	but	CCONJ
cjfa-56736	46	44	because	because	SCONJ
cjfa-56736	46	45	of	of	ADP
cjfa-56736	46	46	the	the	DET
cjfa-56736	46	47	data	datum	NOUN
cjfa-56736	46	48	we	we	PRON
cjfa-56736	46	49	find	find	VERB
cjfa-56736	46	50	we	we	PRON
cjfa-56736	46	51	are	be	AUX
cjfa-56736	46	52	obliged	oblige	VERB
cjfa-56736	46	53	to	to	PART
cjfa-56736	46	54	use	use	VERB
cjfa-56736	46	55	pool	pool	NOUN
cjfa-56736	46	56	data	datum	NOUN
cjfa-56736	46	57	.	.	PUNCT
cjfa-56736	47	1	dorsaf	dorsaf	PROPN
cjfa-56736	47	2	ben	ben	PROPN
cjfa-56736	47	3	aissia	aissia	PROPN
cjfa-56736	47	4	,	,	PUNCT
cjfa-56736	47	5	alaa	alaa	PROPN
cjfa-56736	47	6	eddine	eddine	PROPN
cjfa-56736	48	1	chakroun1212	chakroun1212	PROPN
cjfa-56736	48	2	the	the	DET
cjfa-56736	48	3	panel	panel	NOUN
cjfa-56736	48	4	data	datum	NOUN
cjfa-56736	48	5	method	method	NOUN
cjfa-56736	48	6	with	with	ADP
cjfa-56736	48	7	“	"	PUNCT
cjfa-56736	48	8	pool	pool	NOUN
cjfa-56736	48	9	data	datum	NOUN
cjfa-56736	48	10	”	"	PUNCT
cjfa-56736	48	11	is	be	AUX
cjfa-56736	48	12	an	an	DET
cjfa-56736	48	13	analytical	analytical	ADJ
cjfa-56736	48	14	approach	approach	NOUN
cjfa-56736	48	15	that	that	PRON
cjfa-56736	48	16	combines	combine	VERB
cjfa-56736	48	17	the	the	DET
cjfa-56736	48	18	advantages	advantage	NOUN
cjfa-56736	48	19	of	of	ADP
cjfa-56736	48	20	panel	panel	NOUN
cjfa-56736	48	21	data	datum	NOUN
cjfa-56736	48	22	(	(	PUNCT
cjfa-56736	48	23	or	or	CCONJ
cjfa-56736	48	24	longitudinal	longitudinal	ADJ
cjfa-56736	48	25	data	datum	NOUN
cjfa-56736	48	26	)	)	PUNCT
cjfa-56736	48	27	with	with	ADP
cjfa-56736	48	28	the	the	DET
cjfa-56736	48	29	notion	notion	NOUN
cjfa-56736	48	30	of	of	ADP
cjfa-56736	48	31	“	"	PUNCT
cjfa-56736	48	32	pooling	pool	VERB
cjfa-56736	48	33	”	"	PUNCT
cjfa-56736	48	34	or	or	CCONJ
cjfa-56736	48	35	aggregating	aggregate	VERB
cjfa-56736	48	36	data	datum	NOUN
cjfa-56736	48	37	from	from	ADP
cjfa-56736	48	38	multiple	multiple	ADJ
cjfa-56736	48	39	sources	source	NOUN
cjfa-56736	48	40	.	.	PUNCT
cjfa-56736	49	1	panel	panel	NOUN
cjfa-56736	49	2	data	datum	NOUN
cjfa-56736	49	3	consists	consist	VERB
cjfa-56736	49	4	of	of	ADP
cjfa-56736	49	5	observations	observation	NOUN
cjfa-56736	49	6	collected	collect	VERB
cjfa-56736	49	7	on	on	ADP
cjfa-56736	49	8	the	the	DET
cjfa-56736	49	9	same	same	ADJ
cjfa-56736	49	10	unit	unit	NOUN
cjfa-56736	49	11	(	(	PUNCT
cjfa-56736	49	12	such	such	ADJ
cjfa-56736	49	13	as	as	ADP
cjfa-56736	49	14	a	a	DET
cjfa-56736	49	15	company	company	NOUN
cjfa-56736	49	16	,	,	PUNCT
cjfa-56736	49	17	an	an	DET
cjfa-56736	49	18	individual	individual	NOUN
cjfa-56736	49	19	,	,	PUNCT
cjfa-56736	49	20	or	or	CCONJ
cjfa-56736	49	21	a	a	DET
cjfa-56736	49	22	country	country	NOUN
cjfa-56736	49	23	)	)	PUNCT
cjfa-56736	49	24	at	at	ADP
cjfa-56736	49	25	several	several	ADJ
cjfa-56736	49	26	points	point	NOUN
cjfa-56736	49	27	in	in	ADP
cjfa-56736	49	28	time	time	NOUN
cjfa-56736	49	29	.	.	PUNCT
cjfa-56736	50	1	data	datum	NOUN
cjfa-56736	50	2	pooling	pooling	NOUN
cjfa-56736	50	3	,	,	PUNCT
cjfa-56736	50	4	on	on	ADP
cjfa-56736	50	5	the	the	DET
cjfa-56736	50	6	other	other	ADJ
cjfa-56736	50	7	hand	hand	NOUN
cjfa-56736	50	8	,	,	PUNCT
cjfa-56736	50	9	involves	involve	VERB
cjfa-56736	50	10	bringing	bring	VERB
cjfa-56736	50	11	together	together	ADP
cjfa-56736	50	12	data	datum	NOUN
cjfa-56736	50	13	from	from	ADP
cjfa-56736	50	14	different	different	ADJ
cjfa-56736	50	15	units	unit	NOUN
cjfa-56736	50	16	or	or	CCONJ
cjfa-56736	50	17	sources	source	NOUN
cjfa-56736	50	18	.	.	PUNCT
cjfa-56736	51	1	the	the	DET
cjfa-56736	51	2	robustness	robustness	NOUN
cjfa-56736	51	3	and	and	CCONJ
cjfa-56736	51	4	generalizability	generalizability	NOUN
cjfa-56736	51	5	of	of	ADP
cjfa-56736	51	6	results	result	NOUN
cjfa-56736	51	7	can	can	AUX
cjfa-56736	51	8	be	be	AUX
cjfa-56736	51	9	enhanced	enhance	VERB
cjfa-56736	51	10	by	by	ADP
cjfa-56736	51	11	combining	combine	VERB
cjfa-56736	51	12	two	two	NUM
cjfa-56736	51	13	concepts	concept	NOUN
cjfa-56736	51	14	that	that	PRON
cjfa-56736	51	15	create	create	VERB
cjfa-56736	51	16	a	a	DET
cjfa-56736	51	17	methodology	methodology	NOUN
cjfa-56736	51	18	suited	suit	VERB
cjfa-56736	51	19	to	to	ADP
cjfa-56736	51	20	the	the	DET
cjfa-56736	51	21	analysis	analysis	NOUN
cjfa-56736	51	22	of	of	ADP
cjfa-56736	51	23	panel	panel	NOUN
cjfa-56736	51	24	data	datum	NOUN
cjfa-56736	51	25	from	from	ADP
cjfa-56736	51	26	different	different	ADJ
cjfa-56736	51	27	sources	source	NOUN
cjfa-56736	51	28	and	and	CCONJ
cjfa-56736	51	29	groups	group	NOUN
cjfa-56736	51	30	.	.	PUNCT
cjfa-56736	52	1	model	model	NOUN
cjfa-56736	52	2	presentationmodel	presentationmodel	NOUN
cjfa-56736	52	3	presentation	presentation	NOUN
cjfa-56736	52	4	to	to	PART
cjfa-56736	52	5	shed	shed	VERB
cjfa-56736	52	6	light	light	NOUN
cjfa-56736	52	7	on	on	ADP
cjfa-56736	52	8	the	the	DET
cjfa-56736	52	9	different	different	ADJ
cjfa-56736	52	10	facets	facet	NOUN
cjfa-56736	52	11	of	of	ADP
cjfa-56736	52	12	icos	icos	PROPN
cjfa-56736	52	13	,	,	PUNCT
cjfa-56736	52	14	we	we	PRON
cjfa-56736	52	15	have	have	AUX
cjfa-56736	52	16	developed	develop	VERB
cjfa-56736	52	17	three	three	NUM
cjfa-56736	52	18	distinct	distinct	ADJ
cjfa-56736	52	19	econometric	econometric	ADJ
cjfa-56736	52	20	models	model	NOUN
cjfa-56736	52	21	.	.	PUNCT
cjfa-56736	53	1	the	the	DET
cjfa-56736	53	2	first	first	ADJ
cjfa-56736	53	3	model	model	NOUN
cjfa-56736	53	4	explores	explore	VERB
cjfa-56736	53	5	key	key	ADJ
cjfa-56736	53	6	metrics	metric	NOUN
cjfa-56736	53	7	such	such	ADJ
cjfa-56736	53	8	as	as	ADP
cjfa-56736	53	9	return	return	NOUN
cjfa-56736	53	10	(	(	PUNCT
cjfa-56736	53	11	r	r	NOUN
cjfa-56736	53	12	)	)	PUNCT
cjfa-56736	53	13	,	,	PUNCT
cjfa-56736	53	14	excess	excess	ADJ
cjfa-56736	53	15	weighted	weighted	ADJ
cjfa-56736	53	16	return	return	NOUN
cjfa-56736	53	17	(	(	PUNCT
cjfa-56736	53	18	ew	ew	NOUN
cjfa-56736	53	19	)	)	PUNCT
cjfa-56736	53	20	,	,	PUNCT
cjfa-56736	53	21	and	and	CCONJ
cjfa-56736	53	22	weighted	weight	VERB
cjfa-56736	53	23	market	market	NOUN
cjfa-56736	53	24	value	value	NOUN
cjfa-56736	53	25	(	(	PUNCT
cjfa-56736	53	26	vw	vw	NOUN
cjfa-56736	53	27	)	)	PUNCT
cjfa-56736	53	28	.	.	PUNCT
cjfa-56736	54	1	these	these	DET
cjfa-56736	54	2	measures	measure	NOUN
cjfa-56736	54	3	enable	enable	VERB
cjfa-56736	54	4	us	we	PRON
cjfa-56736	54	5	to	to	PART
cjfa-56736	54	6	deepen	deepen	VERB
cjfa-56736	54	7	our	our	PRON
cjfa-56736	54	8	understanding	understanding	NOUN
cjfa-56736	54	9	of	of	ADP
cjfa-56736	54	10	the	the	DET
cjfa-56736	54	11	financial	financial	ADJ
cjfa-56736	54	12	performance	performance	NOUN
cjfa-56736	54	13	of	of	ADP
cjfa-56736	54	14	icos	icos	PROPN
cjfa-56736	54	15	and	and	CCONJ
cjfa-56736	54	16	their	their	PRON
cjfa-56736	54	17	impact	impact	NOUN
cjfa-56736	54	18	on	on	ADP
cjfa-56736	54	19	investors	investor	NOUN
cjfa-56736	54	20	.	.	PUNCT
cjfa-56736	55	1	the	the	DET
cjfa-56736	55	2	second	second	ADJ
cjfa-56736	55	3	model	model	NOUN
cjfa-56736	55	4	looks	look	VERB
cjfa-56736	55	5	at	at	ADP
cjfa-56736	55	6	time	time	NOUN
cjfa-56736	55	7	to	to	ADP
cjfa-56736	55	8	market	market	NOUN
cjfa-56736	55	9	and	and	CCONJ
cjfa-56736	55	10	potential	potential	ADJ
cjfa-56736	55	11	delisting	delisting	NOUN
cjfa-56736	55	12	.	.	PUNCT
cjfa-56736	56	1	by	by	ADP
cjfa-56736	56	2	analyzing	analyze	VERB
cjfa-56736	56	3	these	these	DET
cjfa-56736	56	4	factors	factor	NOUN
cjfa-56736	56	5	,	,	PUNCT
cjfa-56736	56	6	we	we	PRON
cjfa-56736	56	7	seek	seek	VERB
cjfa-56736	56	8	to	to	PART
cjfa-56736	56	9	unveil	unveil	VERB
cjfa-56736	56	10	how	how	SCONJ
cjfa-56736	56	11	the	the	DET
cjfa-56736	56	12	timing	timing	NOUN
cjfa-56736	56	13	of	of	ADP
cjfa-56736	56	14	ico	ico	PROPN
cjfa-56736	56	15	launch	launch	NOUN
cjfa-56736	56	16	and	and	CCONJ
cjfa-56736	56	17	listing	list	VERB
cjfa-56736	56	18	duration	duration	NOUN
cjfa-56736	56	19	can	can	AUX
cjfa-56736	56	20	influence	influence	VERB
cjfa-56736	56	21	their	their	PRON
cjfa-56736	56	22	long	long	ADJ
cjfa-56736	56	23	-	-	PUNCT
cjfa-56736	56	24	term	term	NOUN
cjfa-56736	56	25	success	success	NOUN
cjfa-56736	56	26	and	and	CCONJ
cjfa-56736	56	27	acceptance	acceptance	NOUN
cjfa-56736	56	28	on	on	ADP
cjfa-56736	56	29	exchange	exchange	NOUN
cjfa-56736	56	30	platforms	platform	NOUN
cjfa-56736	56	31	.	.	PUNCT
cjfa-56736	57	1	finally	finally	ADV
cjfa-56736	57	2	,	,	PUNCT
cjfa-56736	57	3	our	our	PRON
cjfa-56736	57	4	third	third	ADJ
cjfa-56736	57	5	model	model	NOUN
cjfa-56736	57	6	looks	look	VERB
cjfa-56736	57	7	at	at	ADP
cjfa-56736	57	8	the	the	DET
cjfa-56736	57	9	total	total	ADJ
cjfa-56736	57	10	amount	amount	NOUN
cjfa-56736	57	11	raised	raise	VERB
cjfa-56736	57	12	during	during	ADP
cjfa-56736	57	13	the	the	DET
cjfa-56736	57	14	ico	ico	PROPN
cjfa-56736	57	15	(	(	PUNCT
cjfa-56736	57	16	ico	ico	PROPN
cjfa-56736	57	17	gross	gross	ADJ
cjfa-56736	57	18	proceed	proceed	VERB
cjfa-56736	57	19	)	)	PUNCT
cjfa-56736	57	20	and	and	CCONJ
cjfa-56736	57	21	the	the	DET
cjfa-56736	57	22	nominal	nominal	ADJ
cjfa-56736	57	23	return	return	NOUN
cjfa-56736	57	24	.	.	PUNCT
cjfa-56736	58	1	this	this	DET
cjfa-56736	58	2	approach	approach	NOUN
cjfa-56736	58	3	allows	allow	VERB
cjfa-56736	58	4	us	we	PRON
cjfa-56736	58	5	to	to	PART
cjfa-56736	58	6	probe	probe	VERB
cjfa-56736	58	7	how	how	SCONJ
cjfa-56736	58	8	the	the	DET
cjfa-56736	58	9	size	size	NOUN
cjfa-56736	58	10	of	of	ADP
cjfa-56736	58	11	the	the	DET
cjfa-56736	58	12	initial	initial	ADJ
cjfa-56736	58	13	funding	funding	NOUN
cjfa-56736	58	14	and	and	CCONJ
cjfa-56736	58	15	the	the	DET
cjfa-56736	58	16	nominal	nominal	ADJ
cjfa-56736	58	17	return	return	NOUN
cjfa-56736	58	18	influence	influence	NOUN
cjfa-56736	58	19	the	the	DET
cjfa-56736	58	20	performance	performance	NOUN
cjfa-56736	58	21	and	and	CCONJ
cjfa-56736	58	22	perception	perception	NOUN
cjfa-56736	58	23	of	of	ADP
cjfa-56736	58	24	icos	icos	PROPN
cjfa-56736	58	25	.	.	PUNCT
cjfa-56736	59	1	by	by	ADP
cjfa-56736	59	2	examining	examine	VERB
cjfa-56736	59	3	these	these	DET
cjfa-56736	59	4	different	different	ADJ
cjfa-56736	59	5	angles	angle	NOUN
cjfa-56736	59	6	,	,	PUNCT
cjfa-56736	59	7	we	we	PRON
cjfa-56736	59	8	hope	hope	VERB
cjfa-56736	59	9	to	to	PART
cjfa-56736	59	10	provide	provide	VERB
cjfa-56736	59	11	a	a	DET
cjfa-56736	59	12	comprehensive	comprehensive	ADJ
cjfa-56736	59	13	and	and	CCONJ
cjfa-56736	59	14	balanced	balanced	ADJ
cjfa-56736	59	15	view	view	NOUN
cjfa-56736	59	16	of	of	ADP
cjfa-56736	59	17	the	the	DET
cjfa-56736	59	18	factors	factor	NOUN
cjfa-56736	59	19	shaping	shape	VERB
cjfa-56736	59	20	the	the	DET
cjfa-56736	59	21	landscape	landscape	NOUN
cjfa-56736	59	22	of	of	ADP
cjfa-56736	59	23	icos	icos	PROPN
cjfa-56736	59	24	and	and	CCONJ
cjfa-56736	59	25	their	their	PRON
cjfa-56736	59	26	relevance	relevance	NOUN
cjfa-56736	59	27	in	in	ADP
cjfa-56736	59	28	the	the	DET
cjfa-56736	59	29	modern	modern	ADJ
cjfa-56736	59	30	economy	economy	NOUN
cjfa-56736	59	31	.	.	PUNCT
cjfa-56736	60	1	models	model	NOUN
cjfa-56736	60	2	of	of	ADP
cjfa-56736	60	3	first	first	ADJ
cjfa-56736	60	4	-	-	PUNCT
cjfa-56736	60	5	day	day	NOUN
cjfa-56736	60	6	returns	return	NOUN
cjfa-56736	60	7	:	:	PUNCT
cjfa-56736	60	8	models	model	NOUN
cjfa-56736	60	9	of	of	ADP
cjfa-56736	60	10	first	first	ADJ
cjfa-56736	60	11	-	-	PUNCT
cjfa-56736	60	12	day	day	NOUN
cjfa-56736	60	13	returns	return	NOUN
cjfa-56736	60	14	:	:	PUNCT
cjfa-56736	60	15	methodology	methodology	NOUN
cjfa-56736	60	16	our	our	PRON
cjfa-56736	60	17	data	data	NOUN
cjfa-56736	60	18	is	be	AUX
cjfa-56736	60	19	in	in	ADP
cjfa-56736	60	20	the	the	DET
cjfa-56736	60	21	form	form	NOUN
cjfa-56736	60	22	of	of	ADP
cjfa-56736	60	23	panel	panel	NOUN
cjfa-56736	60	24	data	datum	NOUN
cjfa-56736	60	25	,	,	PUNCT
cjfa-56736	60	26	we	we	PRON
cjfa-56736	60	27	try	try	VERB
cjfa-56736	60	28	to	to	PART
cjfa-56736	60	29	apply	apply	VERB
cjfa-56736	60	30	the	the	DET
cjfa-56736	60	31	fixed	fixed	ADJ
cjfa-56736	60	32	effect	effect	NOUN
cjfa-56736	60	33	or	or	CCONJ
cjfa-56736	60	34	the	the	DET
cjfa-56736	60	35	random	random	ADJ
cjfa-56736	60	36	effect	effect	NOUN
cjfa-56736	60	37	but	but	CCONJ
cjfa-56736	60	38	because	because	SCONJ
cjfa-56736	60	39	of	of	ADP
cjfa-56736	60	40	the	the	DET
cjfa-56736	60	41	data	datum	NOUN
cjfa-56736	60	42	we	we	PRON
cjfa-56736	60	43	find	find	VERB
cjfa-56736	60	44	we	we	PRON
cjfa-56736	60	45	are	be	AUX
cjfa-56736	60	46	obliged	oblige	VERB
cjfa-56736	60	47	to	to	PART
cjfa-56736	60	48	use	use	VERB
cjfa-56736	60	49	pool	pool	NOUN
cjfa-56736	60	50	data	datum	NOUN
cjfa-56736	60	51	.	.	PUNCT
cjfa-56736	61	1	the	the	DET
cjfa-56736	61	2	panel	panel	NOUN
cjfa-56736	61	3	data	datum	NOUN
cjfa-56736	61	4	method	method	NOUN
cjfa-56736	61	5	with	with	ADP
cjfa-56736	61	6	"	"	PUNCT
cjfa-56736	61	7	pool	pool	NOUN
cjfa-56736	61	8	data	datum	NOUN
cjfa-56736	61	9	"	"	PUNCT
cjfa-56736	61	10	is	be	AUX
cjfa-56736	61	11	an	an	DET
cjfa-56736	61	12	analytical	analytical	ADJ
cjfa-56736	61	13	approach	approach	NOUN
cjfa-56736	61	14	that	that	PRON
cjfa-56736	61	15	combines	combine	VERB
cjfa-56736	61	16	the	the	DET
cjfa-56736	61	17	advantages	advantage	NOUN
cjfa-56736	61	18	of	of	ADP
cjfa-56736	61	19	panel	panel	NOUN
cjfa-56736	61	20	data	datum	NOUN
cjfa-56736	61	21	(	(	PUNCT
cjfa-56736	61	22	or	or	CCONJ
cjfa-56736	61	23	longitudinal	longitudinal	ADJ
cjfa-56736	61	24	data	datum	NOUN
cjfa-56736	61	25	)	)	PUNCT
cjfa-56736	61	26	with	with	ADP
cjfa-56736	61	27	the	the	DET
cjfa-56736	61	28	notion	notion	NOUN
cjfa-56736	61	29	of	of	ADP
cjfa-56736	61	30	"	"	PUNCT
cjfa-56736	61	31	pooling	pool	VERB
cjfa-56736	61	32	"	"	PUNCT
cjfa-56736	61	33	or	or	CCONJ
cjfa-56736	61	34	aggregating	aggregate	VERB
cjfa-56736	61	35	data	datum	NOUN
cjfa-56736	61	36	from	from	ADP
cjfa-56736	61	37	multiple	multiple	ADJ
cjfa-56736	61	38	sources	source	NOUN
cjfa-56736	61	39	.	.	PUNCT
cjfa-56736	62	1	panel	panel	NOUN
cjfa-56736	62	2	data	datum	NOUN
cjfa-56736	62	3	consists	consist	VERB
cjfa-56736	62	4	of	of	ADP
cjfa-56736	62	5	observations	observation	NOUN
cjfa-56736	62	6	collected	collect	VERB
cjfa-56736	62	7	on	on	ADP
cjfa-56736	62	8	the	the	DET
cjfa-56736	62	9	same	same	ADJ
cjfa-56736	62	10	unit	unit	NOUN
cjfa-56736	62	11	(	(	PUNCT
cjfa-56736	62	12	such	such	ADJ
cjfa-56736	62	13	as	as	ADP
cjfa-56736	62	14	a	a	DET
cjfa-56736	62	15	company	company	NOUN
cjfa-56736	62	16	,	,	PUNCT
cjfa-56736	62	17	an	an	DET
cjfa-56736	62	18	individual	individual	NOUN
cjfa-56736	62	19	,	,	PUNCT
cjfa-56736	62	20	or	or	CCONJ
cjfa-56736	62	21	a	a	DET
cjfa-56736	62	22	country	country	NOUN
cjfa-56736	62	23	)	)	PUNCT
cjfa-56736	62	24	at	at	ADP
cjfa-56736	62	25	several	several	ADJ
cjfa-56736	62	26	points	point	NOUN
cjfa-56736	62	27	in	in	ADP
cjfa-56736	62	28	time	time	NOUN
cjfa-56736	62	29	.	.	PUNCT
cjfa-56736	63	1	data	datum	NOUN
cjfa-56736	63	2	pooling	pooling	NOUN
cjfa-56736	63	3	,	,	PUNCT
cjfa-56736	63	4	on	on	ADP
cjfa-56736	63	5	the	the	DET
cjfa-56736	63	6	other	other	ADJ
cjfa-56736	63	7	hand	hand	NOUN
cjfa-56736	63	8	,	,	PUNCT
cjfa-56736	63	9	involves	involve	VERB
cjfa-56736	63	10	bringing	bring	VERB
cjfa-56736	63	11	together	together	ADP
cjfa-56736	63	12	data	datum	NOUN
cjfa-56736	63	13	from	from	ADP
cjfa-56736	63	14	different	different	ADJ
cjfa-56736	63	15	units	unit	NOUN
cjfa-56736	63	16	or	or	CCONJ
cjfa-56736	63	17	sources	source	NOUN
cjfa-56736	63	18	.	.	PUNCT
cjfa-56736	64	1	the	the	DET
cjfa-56736	64	2	robustness	robustness	NOUN
cjfa-56736	64	3	and	and	CCONJ
cjfa-56736	64	4	generalizability	generalizability	NOUN
cjfa-56736	64	5	of	of	ADP
cjfa-56736	64	6	results	result	NOUN
cjfa-56736	64	7	can	can	AUX
cjfa-56736	64	8	be	be	AUX
cjfa-56736	64	9	enhanced	enhance	VERB
cjfa-56736	64	10	by	by	ADP
cjfa-56736	64	11	combining	combine	VERB
cjfa-56736	64	12	two	two	NUM
cjfa-56736	64	13	concepts	concept	NOUN
cjfa-56736	64	14	that	that	PRON
cjfa-56736	64	15	create	create	VERB
cjfa-56736	64	16	a	a	DET
cjfa-56736	64	17	methodology	methodology	NOUN
cjfa-56736	64	18	suited	suit	VERB
cjfa-56736	64	19	to	to	ADP
cjfa-56736	64	20	the	the	DET
cjfa-56736	64	21	analysis	analysis	NOUN
cjfa-56736	64	22	of	of	ADP
cjfa-56736	64	23	panel	panel	NOUN
cjfa-56736	64	24	data	datum	NOUN
cjfa-56736	64	25	from	from	ADP
cjfa-56736	64	26	different	different	ADJ
cjfa-56736	64	27	sources	source	NOUN
cjfa-56736	64	28	and	and	CCONJ
cjfa-56736	64	29	groups	group	NOUN
cjfa-56736	64	30	.	.	PUNCT
cjfa-56736	65	1	model	model	NOUN
cjfa-56736	65	2	presentation	presentation	NOUN
cjfa-56736	65	3	to	to	PART
cjfa-56736	65	4	shed	shed	VERB
cjfa-56736	65	5	light	light	NOUN
cjfa-56736	65	6	on	on	ADP
cjfa-56736	65	7	the	the	DET
cjfa-56736	65	8	different	different	ADJ
cjfa-56736	65	9	facets	facet	NOUN
cjfa-56736	65	10	of	of	ADP
cjfa-56736	65	11	icos	icos	PROPN
cjfa-56736	65	12	,	,	PUNCT
cjfa-56736	65	13	we	we	PRON
cjfa-56736	65	14	have	have	AUX
cjfa-56736	65	15	developed	develop	VERB
cjfa-56736	65	16	three	three	NUM
cjfa-56736	65	17	distinct	distinct	ADJ
cjfa-56736	65	18	econometric	econometric	ADJ
cjfa-56736	65	19	models	model	NOUN
cjfa-56736	65	20	.	.	PUNCT
cjfa-56736	66	1	the	the	DET
cjfa-56736	66	2	first	first	ADJ
cjfa-56736	66	3	model	model	NOUN
cjfa-56736	66	4	explores	explore	VERB
cjfa-56736	66	5	key	key	ADJ
cjfa-56736	66	6	metrics	metric	NOUN
cjfa-56736	66	7	such	such	ADJ
cjfa-56736	66	8	as	as	ADP
cjfa-56736	66	9	return	return	NOUN
cjfa-56736	66	10	(	(	PUNCT
cjfa-56736	66	11	r	r	NOUN
cjfa-56736	66	12	)	)	PUNCT
cjfa-56736	66	13	,	,	PUNCT
cjfa-56736	66	14	excess	excess	ADJ
cjfa-56736	66	15	weighted	weighted	ADJ
cjfa-56736	66	16	return	return	NOUN
cjfa-56736	66	17	(	(	PUNCT
cjfa-56736	66	18	ew	ew	NOUN
cjfa-56736	66	19	)	)	PUNCT
cjfa-56736	66	20	,	,	PUNCT
cjfa-56736	66	21	and	and	CCONJ
cjfa-56736	66	22	weighted	weight	VERB
cjfa-56736	66	23	market	market	NOUN
cjfa-56736	66	24	value	value	NOUN
cjfa-56736	66	25	(	(	PUNCT
cjfa-56736	66	26	vw	vw	NOUN
cjfa-56736	66	27	)	)	PUNCT
cjfa-56736	66	28	.	.	PUNCT
cjfa-56736	67	1	these	these	DET
cjfa-56736	67	2	measures	measure	NOUN
cjfa-56736	67	3	enable	enable	VERB
cjfa-56736	67	4	us	we	PRON
cjfa-56736	67	5	to	to	PART
cjfa-56736	67	6	deepen	deepen	VERB
cjfa-56736	67	7	our	our	PRON
cjfa-56736	67	8	understanding	understanding	NOUN
cjfa-56736	67	9	of	of	ADP
cjfa-56736	67	10	the	the	DET
cjfa-56736	67	11	financial	financial	ADJ
cjfa-56736	67	12	performance	performance	NOUN
cjfa-56736	67	13	of	of	ADP
cjfa-56736	67	14	icos	icos	PROPN
cjfa-56736	67	15	and	and	CCONJ
cjfa-56736	67	16	their	their	PRON
cjfa-56736	67	17	impact	impact	NOUN
cjfa-56736	67	18	on	on	ADP
cjfa-56736	67	19	investors	investor	NOUN
cjfa-56736	67	20	.	.	PUNCT
cjfa-56736	68	1	the	the	DET
cjfa-56736	68	2	second	second	ADJ
cjfa-56736	68	3	model	model	NOUN
cjfa-56736	68	4	looks	look	VERB
cjfa-56736	68	5	at	at	ADP
cjfa-56736	68	6	time	time	NOUN
cjfa-56736	68	7	to	to	ADP
cjfa-56736	68	8	market	market	NOUN
cjfa-56736	68	9	and	and	CCONJ
cjfa-56736	68	10	potential	potential	ADJ
cjfa-56736	68	11	delisting	delisting	NOUN
cjfa-56736	68	12	.	.	PUNCT
cjfa-56736	69	1	by	by	ADP
cjfa-56736	69	2	analyzing	analyze	VERB
cjfa-56736	69	3	these	these	DET
cjfa-56736	69	4	factors	factor	NOUN
cjfa-56736	69	5	,	,	PUNCT
cjfa-56736	69	6	we	we	PRON
cjfa-56736	69	7	seek	seek	VERB
cjfa-56736	69	8	to	to	PART
cjfa-56736	69	9	unveil	unveil	VERB
cjfa-56736	69	10	how	how	SCONJ
cjfa-56736	69	11	the	the	DET
cjfa-56736	69	12	timing	timing	NOUN
cjfa-56736	69	13	of	of	ADP
cjfa-56736	69	14	ico	ico	PROPN
cjfa-56736	69	15	launch	launch	NOUN
cjfa-56736	69	16	and	and	CCONJ
cjfa-56736	69	17	listing	list	VERB
cjfa-56736	69	18	duration	duration	NOUN
cjfa-56736	69	19	can	can	AUX
cjfa-56736	69	20	influence	influence	VERB
cjfa-56736	69	21	their	their	PRON
cjfa-56736	69	22	longterm	longterm	ADJ
cjfa-56736	69	23	success	success	NOUN
cjfa-56736	69	24	and	and	CCONJ
cjfa-56736	69	25	acceptance	acceptance	NOUN
cjfa-56736	69	26	on	on	ADP
cjfa-56736	69	27	exchange	exchange	NOUN
cjfa-56736	69	28	platforms	platform	NOUN
cjfa-56736	69	29	.	.	PUNCT
cjfa-56736	70	1	finally	finally	ADV
cjfa-56736	70	2	,	,	PUNCT
cjfa-56736	70	3	our	our	PRON
cjfa-56736	70	4	third	third	ADJ
cjfa-56736	70	5	model	model	NOUN
cjfa-56736	70	6	looks	look	VERB
cjfa-56736	70	7	at	at	ADP
cjfa-56736	70	8	the	the	DET
cjfa-56736	70	9	total	total	ADJ
cjfa-56736	70	10	amount	amount	NOUN
cjfa-56736	70	11	raised	raise	VERB
cjfa-56736	70	12	during	during	ADP
cjfa-56736	70	13	the	the	DET
cjfa-56736	70	14	ico	ico	PROPN
cjfa-56736	70	15	(	(	PUNCT
cjfa-56736	70	16	ico	ico	PROPN
cjfa-56736	70	17	gross	gross	ADJ
cjfa-56736	70	18	proceed	proceed	VERB
cjfa-56736	70	19	)	)	PUNCT
cjfa-56736	70	20	and	and	CCONJ
cjfa-56736	70	21	the	the	DET
cjfa-56736	70	22	nominal	nominal	ADJ
cjfa-56736	70	23	return	return	NOUN
cjfa-56736	70	24	.	.	PUNCT
cjfa-56736	71	1	this	this	DET
cjfa-56736	71	2	approach	approach	NOUN
cjfa-56736	71	3	allows	allow	VERB
cjfa-56736	71	4	us	we	PRON
cjfa-56736	71	5	to	to	PART
cjfa-56736	71	6	probe	probe	VERB
cjfa-56736	71	7	how	how	SCONJ
cjfa-56736	71	8	the	the	DET
cjfa-56736	71	9	size	size	NOUN
cjfa-56736	71	10	of	of	ADP
cjfa-56736	71	11	the	the	DET
cjfa-56736	71	12	initial	initial	ADJ
cjfa-56736	71	13	funding	funding	NOUN
cjfa-56736	71	14	and	and	CCONJ
cjfa-56736	71	15	the	the	DET
cjfa-56736	71	16	nominal	nominal	ADJ
cjfa-56736	71	17	return	return	NOUN
cjfa-56736	71	18	influence	influence	NOUN
cjfa-56736	71	19	the	the	DET
cjfa-56736	71	20	performance	performance	NOUN
cjfa-56736	71	21	and	and	CCONJ
cjfa-56736	71	22	perception	perception	NOUN
cjfa-56736	71	23	of	of	ADP
cjfa-56736	71	24	icos	icos	PROPN
cjfa-56736	71	25	.	.	PUNCT
cjfa-56736	72	1	by	by	ADP
cjfa-56736	72	2	examining	examine	VERB
cjfa-56736	72	3	these	these	DET
cjfa-56736	72	4	different	different	ADJ
cjfa-56736	72	5	angles	angle	NOUN
cjfa-56736	72	6	,	,	PUNCT
cjfa-56736	72	7	we	we	PRON
cjfa-56736	72	8	hope	hope	VERB
cjfa-56736	72	9	to	to	PART
cjfa-56736	72	10	provide	provide	VERB
cjfa-56736	72	11	a	a	DET
cjfa-56736	72	12	comprehensive	comprehensive	ADJ
cjfa-56736	72	13	and	and	CCONJ
cjfa-56736	72	14	balanced	balanced	ADJ
cjfa-56736	72	15	view	view	NOUN
cjfa-56736	72	16	of	of	ADP
cjfa-56736	72	17	the	the	DET
cjfa-56736	72	18	factors	factor	NOUN
cjfa-56736	72	19	shaping	shape	VERB
cjfa-56736	72	20	the	the	DET
cjfa-56736	72	21	landscape	landscape	NOUN
cjfa-56736	72	22	of	of	ADP
cjfa-56736	72	23	icos	icos	PROPN
cjfa-56736	72	24	and	and	CCONJ
cjfa-56736	72	25	their	their	PRON
cjfa-56736	72	26	relevance	relevance	NOUN
cjfa-56736	72	27	in	in	ADP
cjfa-56736	72	28	the	the	DET
cjfa-56736	72	29	modern	modern	ADJ
cjfa-56736	72	30	economy	economy	NOUN
cjfa-56736	72	31	.	.	PUNCT
cjfa-56736	73	1	models	model	NOUN
cjfa-56736	73	2	of	of	ADP
cjfa-56736	73	3	first	first	ADJ
cjfa-56736	73	4	-	-	PUNCT
cjfa-56736	73	5	day	day	NOUN
cjfa-56736	73	6	returns	return	NOUN
cjfa-56736	73	7	:	:	PUNCT
cjfa-56736	73	8	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	73	9	�	�	PROPN
cjfa-56736	73	10	�	�	PROPN
cjfa-56736	73	11	�	�	PROPN
cjfa-56736	73	12	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	73	13	�	�	PROPN
cjfa-56736	73	14	�	�	PROPN
cjfa-56736	73	15	�	�	PROPN
cjfa-56736	73	16	∗	∗	PROPN
cjfa-56736	73	17	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	73	18	�	�	PROPN
cjfa-56736	73	19	�	�	PROPN
cjfa-56736	73	20	�	�	PROPN
cjfa-56736	73	21	�	�	PROPN
cjfa-56736	73	22	�	�	PROPN
cjfa-56736	73	23	∗	∗	NOUN
cjfa-56736	73	24	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	73	25	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	73	26	�	�	PROPN
cjfa-56736	73	27	�	�	PROPN
cjfa-56736	73	28	�	�	PROPN
cjfa-56736	73	29	�	�	PROPN
cjfa-56736	73	30	�	�	PROPN
cjfa-56736	73	31	∗	∗	NOUN
cjfa-56736	73	32	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	74	1	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	74	2	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	PROPN
cjfa-56736	74	3	�	�	PROPN
cjfa-56736	74	4	�	�	PROPN
cjfa-56736	74	5	�	�	PROPN
cjfa-56736	74	6	�	�	PROPN
cjfa-56736	74	7	�	�	PROPN
cjfa-56736	74	8	�	�	PROPN
cjfa-56736	74	9	(	(	PUNCT
cjfa-56736	74	10	1	1	NUM
cjfa-56736	74	11	)	)	PUNCT
cjfa-56736	74	12	𝐸𝐸𝐸𝐸	𝐸𝐸𝐸𝐸	PROPN
cjfa-56736	74	13	�	�	PROPN
cjfa-56736	74	14	�	�	PROPN
cjfa-56736	74	15	�	�	PROPN
cjfa-56736	74	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	74	17	�	�	PROPN
cjfa-56736	74	18	�	�	PROPN
cjfa-56736	74	19	�	�	PROPN
cjfa-56736	74	20	∗	∗	PROPN
cjfa-56736	74	21	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	74	22	�	�	PROPN
cjfa-56736	74	23	�	�	PROPN
cjfa-56736	74	24	�	�	PROPN
cjfa-56736	74	25	�	�	PROPN
cjfa-56736	74	26	�	�	PROPN
cjfa-56736	74	27	∗	∗	NOUN
cjfa-56736	74	28	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	74	29	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	74	30	�	�	PROPN
cjfa-56736	74	31	�	�	PROPN
cjfa-56736	74	32	�	�	PROPN
cjfa-56736	74	33	�	�	PROPN
cjfa-56736	74	34	�	�	PROPN
cjfa-56736	74	35	∗	∗	NOUN
cjfa-56736	74	36	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	74	37	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	74	38	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	PROPN
cjfa-56736	74	39	�	�	PROPN
cjfa-56736	74	40	�	�	PROPN
cjfa-56736	74	41	�	�	PROPN
cjfa-56736	74	42	�	�	PROPN
cjfa-56736	74	43	�	�	PROPN
cjfa-56736	74	44	�	�	PROPN
cjfa-56736	74	45	(	(	PUNCT
cjfa-56736	74	46	2	2	NUM
cjfa-56736	74	47	)	)	PUNCT
cjfa-56736	74	48	𝑉𝑉𝐸𝐸	𝑉𝑉𝐸𝐸	PROPN
cjfa-56736	74	49	�	�	PROPN
cjfa-56736	74	50	�	�	PROPN
cjfa-56736	74	51	�	�	PROPN
cjfa-56736	74	52	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	74	53	�	�	PROPN
cjfa-56736	74	54	�	�	PROPN
cjfa-56736	74	55	�	�	PROPN
cjfa-56736	74	56	∗	∗	PROPN
cjfa-56736	74	57	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	74	58	�	�	PROPN
cjfa-56736	74	59	�	�	PROPN
cjfa-56736	74	60	�	�	PROPN
cjfa-56736	74	61	�	�	PROPN
cjfa-56736	74	62	�	�	PROPN
cjfa-56736	74	63	∗	∗	NOUN
cjfa-56736	74	64	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	74	65	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	74	66	�	�	PROPN
cjfa-56736	74	67	�	�	PROPN
cjfa-56736	74	68	�	�	PROPN
cjfa-56736	74	69	�	�	PROPN
cjfa-56736	74	70	�	�	PROPN
cjfa-56736	74	71	∗	∗	NOUN
cjfa-56736	74	72	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	74	73	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	74	74	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑃𝑃	PROPN
cjfa-56736	74	75	�	�	PROPN
cjfa-56736	74	76	�	�	PROPN
cjfa-56736	74	77	�	�	PROPN
cjfa-56736	74	78	�	�	PROPN
cjfa-56736	74	79	�	�	PROPN
cjfa-56736	74	80	�	�	PROPN
cjfa-56736	74	81	(	(	PUNCT
cjfa-56736	74	82	3	3	NUM
cjfa-56736	74	83	)	)	PUNCT
cjfa-56736	74	84	(	(	PUNCT
cjfa-56736	74	85	1	1	X
cjfa-56736	74	86	)	)	PUNCT
cjfa-56736	74	87	methodology	methodology	NOUN
cjfa-56736	74	88	our	our	PRON
cjfa-56736	74	89	data	data	NOUN
cjfa-56736	74	90	is	be	AUX
cjfa-56736	74	91	in	in	ADP
cjfa-56736	74	92	the	the	DET
cjfa-56736	74	93	form	form	NOUN
cjfa-56736	74	94	of	of	ADP
cjfa-56736	74	95	panel	panel	NOUN
cjfa-56736	74	96	data	datum	NOUN
cjfa-56736	74	97	,	,	PUNCT
cjfa-56736	74	98	we	we	PRON
cjfa-56736	74	99	try	try	VERB
cjfa-56736	74	100	to	to	PART
cjfa-56736	74	101	apply	apply	VERB
cjfa-56736	74	102	the	the	DET
cjfa-56736	74	103	fixed	fixed	ADJ
cjfa-56736	74	104	effect	effect	NOUN
cjfa-56736	74	105	or	or	CCONJ
cjfa-56736	74	106	the	the	DET
cjfa-56736	74	107	random	random	ADJ
cjfa-56736	74	108	effect	effect	NOUN
cjfa-56736	74	109	but	but	CCONJ
cjfa-56736	74	110	because	because	SCONJ
cjfa-56736	74	111	of	of	ADP
cjfa-56736	74	112	the	the	DET
cjfa-56736	74	113	data	datum	NOUN
cjfa-56736	74	114	we	we	PRON
cjfa-56736	74	115	find	find	VERB
cjfa-56736	74	116	we	we	PRON
cjfa-56736	74	117	are	be	AUX
cjfa-56736	74	118	obliged	oblige	VERB
cjfa-56736	74	119	to	to	PART
cjfa-56736	74	120	use	use	VERB
cjfa-56736	74	121	pool	pool	NOUN
cjfa-56736	74	122	data	datum	NOUN
cjfa-56736	74	123	.	.	PUNCT
cjfa-56736	75	1	during	during	ADP
cjfa-56736	75	2	the	the	DET
cjfa-56736	75	3	ico	ico	PROPN
cjfa-56736	75	4	(	(	PUNCT
cjfa-56736	75	5	ico	ico	PROPN
cjfa-56736	75	6	gross	gross	ADJ
cjfa-56736	75	7	proceed	proceed	VERB
cjfa-56736	75	8	)	)	PUNCT
cjfa-56736	75	9	and	and	CCONJ
cjfa-56736	75	10	the	the	DET
cjfa-56736	75	11	nominal	nominal	ADJ
cjfa-56736	75	12	return	return	NOUN
cjfa-56736	75	13	.	.	PUNCT
cjfa-56736	76	1	this	this	DET
cjfa-56736	76	2	approach	approach	NOUN
cjfa-56736	76	3	allows	allow	VERB
cjfa-56736	76	4	us	we	PRON
cjfa-56736	76	5	to	to	PART
cjfa-56736	76	6	probe	probe	VERB
cjfa-56736	76	7	how	how	SCONJ
cjfa-56736	76	8	the	the	DET
cjfa-56736	76	9	size	size	NOUN
cjfa-56736	76	10	of	of	ADP
cjfa-56736	76	11	the	the	DET
cjfa-56736	76	12	initial	initial	ADJ
cjfa-56736	76	13	funding	funding	NOUN
cjfa-56736	76	14	and	and	CCONJ
cjfa-56736	76	15	the	the	DET
cjfa-56736	76	16	nominal	nominal	ADJ
cjfa-56736	76	17	return	return	NOUN
cjfa-56736	76	18	influence	influence	NOUN
cjfa-56736	76	19	the	the	DET
cjfa-56736	76	20	performance	performance	NOUN
cjfa-56736	76	21	and	and	CCONJ
cjfa-56736	76	22	perception	perception	NOUN
cjfa-56736	76	23	of	of	ADP
cjfa-56736	76	24	icos	icos	PROPN
cjfa-56736	76	25	.	.	PUNCT
cjfa-56736	77	1	by	by	ADP
cjfa-56736	77	2	examining	examine	VERB
cjfa-56736	77	3	these	these	DET
cjfa-56736	77	4	different	different	ADJ
cjfa-56736	77	5	angles	angle	NOUN
cjfa-56736	77	6	,	,	PUNCT
cjfa-56736	77	7	we	we	PRON
cjfa-56736	77	8	hope	hope	VERB
cjfa-56736	77	9	to	to	PART
cjfa-56736	77	10	provide	provide	VERB
cjfa-56736	77	11	a	a	DET
cjfa-56736	77	12	comprehensive	comprehensive	ADJ
cjfa-56736	77	13	and	and	CCONJ
cjfa-56736	77	14	balanced	balanced	ADJ
cjfa-56736	77	15	view	view	NOUN
cjfa-56736	77	16	of	of	ADP
cjfa-56736	77	17	the	the	DET
cjfa-56736	77	18	factors	factor	NOUN
cjfa-56736	77	19	shaping	shape	VERB
cjfa-56736	77	20	the	the	DET
cjfa-56736	77	21	landscape	landscape	NOUN
cjfa-56736	77	22	of	of	ADP
cjfa-56736	77	23	icos	icos	PROPN
cjfa-56736	77	24	and	and	CCONJ
cjfa-56736	77	25	their	their	PRON
cjfa-56736	77	26	relevance	relevance	NOUN
cjfa-56736	77	27	in	in	ADP
cjfa-56736	77	28	the	the	DET
cjfa-56736	77	29	modern	modern	ADJ
cjfa-56736	77	30	economy	economy	NOUN
cjfa-56736	77	31	.	.	PUNCT
cjfa-56736	78	1	models	model	NOUN
cjfa-56736	78	2	of	of	ADP
cjfa-56736	78	3	first	first	ADJ
cjfa-56736	78	4	-	-	PUNCT
cjfa-56736	78	5	day	day	NOUN
cjfa-56736	78	6	returns	return	NOUN
cjfa-56736	78	7	:	:	PUNCT
cjfa-56736	78	8	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	78	9	�	�	PROPN
cjfa-56736	78	10	�	�	PROPN
cjfa-56736	78	11	�	�	PROPN
cjfa-56736	78	12	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	78	13	�	�	PROPN
cjfa-56736	78	14	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	78	15	�	�	PROPN
cjfa-56736	78	16	∗	∗	NOUN
cjfa-56736	78	17	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	79	2	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	3	20	20	NUM
cjfa-56736	79	4	�	�	PROPN
cjfa-56736	79	5	�	�	PROPN
cjfa-56736	79	6	�	�	PROPN
cjfa-56736	79	7	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	8	�	�	PROPN
cjfa-56736	79	9	∗	∗	NOUN
cjfa-56736	79	10	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	11	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	12	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	79	13	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	79	14	�	�	PROPN
cjfa-56736	79	15	�	�	PROPN
cjfa-56736	79	16	�	�	PROPN
cjfa-56736	79	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	18	�	�	PROPN
cjfa-56736	79	19	∗	∗	NOUN
cjfa-56736	79	20	𝐼𝐼	𝐼𝐼	PROPN
cjfa-56736	79	21	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	79	23	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	79	24	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	79	25	�	�	PROPN
cjfa-56736	79	26	�	�	PROPN
cjfa-56736	79	27	�	�	PROPN
cjfa-56736	79	28	�	�	PROPN
cjfa-56736	79	29	�	�	PROPN
cjfa-56736	79	30	�	�	PROPN
cjfa-56736	79	31	𝐸𝐸𝐸𝐸	𝐸𝐸𝐸𝐸	PROPN
cjfa-56736	79	32	�	�	PROPN
cjfa-56736	79	33	�	�	PROPN
cjfa-56736	79	34	�	�	PROPN
cjfa-56736	79	35	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	36	�	�	PROPN
cjfa-56736	79	37	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	38	�	�	PROPN
cjfa-56736	79	39	∗	∗	NOUN
cjfa-56736	79	40	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	79	41	�	�	PROPN
cjfa-56736	79	42	�	�	PROPN
cjfa-56736	79	43	�	�	PROPN
cjfa-56736	79	44	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	45	�	�	PROPN
cjfa-56736	79	46	∗	∗	NOUN
cjfa-56736	79	47	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	48	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	79	49	�	�	PROPN
cjfa-56736	79	50	�	�	PROPN
cjfa-56736	79	51	�	�	PROPN
cjfa-56736	79	52	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	53	�	�	PROPN
cjfa-56736	79	54	∗	∗	NOUN
cjfa-56736	79	55	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	56	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	79	57	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	79	58	�	�	PROPN
cjfa-56736	79	59	�	�	PROPN
cjfa-56736	79	60	�	�	PROPN
cjfa-56736	79	61	�	�	PROPN
cjfa-56736	79	62	�	�	PROPN
cjfa-56736	79	63	�	�	PROPN
cjfa-56736	79	64	(	(	PUNCT
cjfa-56736	79	65	2	2	NUM
cjfa-56736	79	66	)	)	PUNCT
cjfa-56736	79	67	𝑉𝑉𝐸𝐸	𝑉𝑉𝐸𝐸	PROPN
cjfa-56736	79	68	�	�	PROPN
cjfa-56736	79	69	�	�	PROPN
cjfa-56736	79	70	�	�	PROPN
cjfa-56736	79	71	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	72	�	�	PROPN
cjfa-56736	79	73	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	74	�	�	PROPN
cjfa-56736	79	75	∗	∗	NOUN
cjfa-56736	79	76	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	79	77	�	�	PROPN
cjfa-56736	79	78	�	�	PROPN
cjfa-56736	79	79	�	�	PROPN
cjfa-56736	79	80	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	81	�	�	PROPN
cjfa-56736	79	82	∗	∗	NOUN
cjfa-56736	79	83	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	84	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	79	85	�	�	PROPN
cjfa-56736	79	86	�	�	PROPN
cjfa-56736	79	87	�	�	PROPN
cjfa-56736	79	88	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	89	�	�	PROPN
cjfa-56736	79	90	∗	∗	NOUN
cjfa-56736	79	91	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	92	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	79	93	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	79	94	�	�	PROPN
cjfa-56736	79	95	�	�	PROPN
cjfa-56736	79	96	�	�	PROPN
cjfa-56736	79	97	�	�	PROPN
cjfa-56736	79	98	�	�	PROPN
cjfa-56736	79	99	�	�	PROPN
cjfa-56736	79	100	(	(	PUNCT
cjfa-56736	79	101	3	3	NUM
cjfa-56736	79	102	)	)	PUNCT
cjfa-56736	79	103	models	model	NOUN
cjfa-56736	79	104	of	of	ADP
cjfa-56736	79	105	time	time	NOUN
cjfa-56736	79	106	to	to	ADP
cjfa-56736	79	107	market	market	NOUN
cjfa-56736	79	108	and	and	CCONJ
cjfa-56736	79	109	delisting	delisting	NOUN
cjfa-56736	79	110	:	:	PUNCT
cjfa-56736	79	111	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	PROPN
cjfa-56736	79	112	𝑡𝑡𝐺𝐺	𝑡𝑡𝐺𝐺	NUM
cjfa-56736	79	113	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	NUM
cjfa-56736	79	114	�	�	PROPN
cjfa-56736	79	115	�	�	PROPN
cjfa-56736	79	116	�	�	PROPN
cjfa-56736	79	117	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	118	�	�	PROPN
cjfa-56736	79	119	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	120	�	�	PROPN
cjfa-56736	79	121	∗	∗	NOUN
cjfa-56736	79	122	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	79	123	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	79	124	�	�	PROPN
cjfa-56736	79	125	�	�	PROPN
cjfa-56736	79	126	�	�	PROPN
cjfa-56736	79	127	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	128	�	�	PROPN
cjfa-56736	79	129	∗	∗	NOUN
cjfa-56736	79	130	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	131	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	79	132	�	�	PROPN
cjfa-56736	79	133	�	�	PROPN
cjfa-56736	79	134	�	�	PROPN
cjfa-56736	79	135	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	136	�	�	PROPN
cjfa-56736	79	137	∗	∗	NOUN
cjfa-56736	79	138	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	79	139	�	�	PROPN
cjfa-56736	79	140	�	�	PROPN
cjfa-56736	79	141	�	�	PROPN
cjfa-56736	79	142	�	�	PROPN
cjfa-56736	79	143	�	�	PROPN
cjfa-56736	79	144	�	�	PROPN
cjfa-56736	79	145	(	(	PUNCT
cjfa-56736	79	146	4	4	NUM
cjfa-56736	79	147	)	)	PUNCT
cjfa-56736	79	148	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	PROPN
cjfa-56736	79	149	�	�	PROPN
cjfa-56736	79	150	�	�	PROPN
cjfa-56736	79	151	�	�	PROPN
cjfa-56736	79	152	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	153	�	�	PROPN
cjfa-56736	79	154	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	155	�	�	PROPN
cjfa-56736	79	156	∗	∗	NOUN
cjfa-56736	79	157	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	79	158	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	79	159	�	�	PROPN
cjfa-56736	79	160	�	�	PROPN
cjfa-56736	79	161	�	�	PROPN
cjfa-56736	79	162	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	163	�	�	PROPN
cjfa-56736	79	164	∗	∗	NOUN
cjfa-56736	79	165	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	166	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	79	167	�	�	PROPN
cjfa-56736	79	168	�	�	PROPN
cjfa-56736	79	169	�	�	PROPN
cjfa-56736	79	170	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	171	�	�	PROPN
cjfa-56736	79	172	∗	∗	NOUN
cjfa-56736	79	173	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	79	174	�	�	PROPN
cjfa-56736	79	175	�	�	PROPN
cjfa-56736	79	176	�	�	PROPN
cjfa-56736	79	177	�	�	PROPN
cjfa-56736	79	178	�	�	PROPN
cjfa-56736	79	179	�	�	PROPN
cjfa-56736	79	180	(	(	PUNCT
cjfa-56736	79	181	5	5	NUM
cjfa-56736	79	182	)	)	PUNCT
cjfa-56736	79	183	models	model	NOUN
cjfa-56736	79	184	of	of	ADP
cjfa-56736	79	185	nominal	nominal	ADJ
cjfa-56736	79	186	return	return	NOUN
cjfa-56736	79	187	and	and	CCONJ
cjfa-56736	79	188	ico	ico	PROPN
cjfa-56736	79	189	gross	gross	ADJ
cjfa-56736	79	190	proceed	proceed	VERB
cjfa-56736	79	191	:	:	PUNCT
cjfa-56736	79	192	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	ADJ
cjfa-56736	79	193	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	NOUN
cjfa-56736	79	194	�	�	PROPN
cjfa-56736	79	195	�	�	PROPN
cjfa-56736	79	196	�	�	PROPN
cjfa-56736	79	197	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	79	198	�	�	PROPN
cjfa-56736	79	199	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	200	�	�	PROPN
cjfa-56736	79	201	∗	∗	NOUN
cjfa-56736	79	202	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	79	203	�	�	PROPN
cjfa-56736	79	204	�	�	PROPN
cjfa-56736	79	205	�	�	PROPN
cjfa-56736	79	206	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	207	�	�	PROPN
cjfa-56736	79	208	∗	∗	NOUN
cjfa-56736	79	209	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	79	210	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	79	211	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	79	212	�	�	PROPN
cjfa-56736	79	213	�	�	PROPN
cjfa-56736	79	214	�	�	PROPN
cjfa-56736	79	215	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	216	�	�	PROPN
cjfa-56736	79	217	∗	∗	NOUN
cjfa-56736	79	218	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	79	219	�	�	PROPN
cjfa-56736	79	220	�	�	PROPN
cjfa-56736	79	221	�	�	PROPN
cjfa-56736	79	222	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	223	�	�	PROPN
cjfa-56736	79	224	∗	∗	PROPN
cjfa-56736	79	225	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	79	226	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	79	227	�	�	PROPN
cjfa-56736	79	228	�	�	PROPN
cjfa-56736	79	229	�	�	PROPN
cjfa-56736	79	230	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	79	231	�	�	PROPN
cjfa-56736	79	232	∗	∗	NOUN
cjfa-56736	79	233	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	80	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	80	2	�	�	PROPN
cjfa-56736	80	3	�	�	PROPN
cjfa-56736	80	4	�	�	PROPN
cjfa-56736	80	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	80	6	�	�	PROPN
cjfa-56736	80	7	∗	∗	NOUN
cjfa-56736	80	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	81	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	81	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	81	3	�	�	PROPN
cjfa-56736	81	4	�	�	PROPN
cjfa-56736	81	5	�	�	PROPN
cjfa-56736	81	6	�	�	PROPN
cjfa-56736	81	7	�	�	PROPN
cjfa-56736	81	8	�	�	PROPN
cjfa-56736	81	9	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	ADV
cjfa-56736	81	10	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	81	11	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	81	12	�	�	PROPN
cjfa-56736	81	13	�	�	PROPN
cjfa-56736	81	14	�	�	PROPN
cjfa-56736	81	15	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	81	16	�	�	PROPN
cjfa-56736	81	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	81	18	�	�	PROPN
cjfa-56736	81	19	∗	∗	NOUN
cjfa-56736	81	20	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	81	21	�	�	PROPN
cjfa-56736	81	22	�	�	PROPN
cjfa-56736	81	23	�	�	PROPN
cjfa-56736	81	24	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	81	25	�	�	PROPN
cjfa-56736	81	26	∗	∗	NOUN
cjfa-56736	81	27	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	81	28	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	81	29	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	81	30	�	�	PROPN
cjfa-56736	81	31	�	�	PROPN
cjfa-56736	81	32	�	�	PROPN
cjfa-56736	81	33	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	81	34	�	�	PROPN
cjfa-56736	81	35	∗	∗	NOUN
cjfa-56736	81	36	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	81	37	�	�	PROPN
cjfa-56736	81	38	�	�	PROPN
cjfa-56736	81	39	�	�	PROPN
cjfa-56736	81	40	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	81	41	�	�	PROPN
cjfa-56736	81	42	∗	∗	PROPN
cjfa-56736	81	43	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	81	44	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	81	45	�	�	PROPN
cjfa-56736	81	46	�	�	PROPN
cjfa-56736	81	47	�	�	PROPN
cjfa-56736	81	48	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	81	49	�	�	PROPN
cjfa-56736	81	50	∗	∗	NOUN
cjfa-56736	81	51	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	82	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	82	2	�	�	PROPN
cjfa-56736	82	3	�	�	PROPN
cjfa-56736	82	4	�	�	PROPN
cjfa-56736	82	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	82	6	�	�	PROPN
cjfa-56736	82	7	∗	∗	NOUN
cjfa-56736	82	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	83	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	83	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	83	3	�	�	PROPN
cjfa-56736	83	4	�	�	PROPN
cjfa-56736	83	5	�	�	PROPN
cjfa-56736	83	6	�	�	PROPN
cjfa-56736	83	7	�	�	PROPN
cjfa-56736	83	8	�	�	PROPN
cjfa-56736	83	9	(	(	PUNCT
cjfa-56736	83	10	7	7	NUM
cjfa-56736	83	11	)	)	PUNCT
cjfa-56736	83	12	with	with	ADP
cjfa-56736	83	13	i	i	PRON
cjfa-56736	83	14	is	be	AUX
cjfa-56736	83	15	a	a	DET
cjfa-56736	83	16	particular	particular	ADJ
cjfa-56736	83	17	ico	ico	PROPN
cjfa-56736	83	18	token	token	VERB
cjfa-56736	83	19	t	t	PROPN
cjfa-56736	83	20	is	be	AUX
cjfa-56736	83	21	the	the	DET
cjfa-56736	83	22	period	period	NOUN
cjfa-56736	83	23	,	,	PUNCT
cjfa-56736	83	24	c	c	X
cjfa-56736	83	25	the	the	DET
cjfa-56736	83	26	constant	constant	ADJ
cjfa-56736	83	27	,	,	PUNCT
cjfa-56736	83	28	β1	β1	PROPN
cjfa-56736	83	29	,	,	PUNCT
cjfa-56736	83	30	β2	β2	NOUN
cjfa-56736	83	31	,	,	PUNCT
cjfa-56736	83	32	β3	β3	PROPN
cjfa-56736	83	33	,	,	PUNCT
cjfa-56736	83	34	β4	β4	PROPN
cjfa-56736	83	35	,	,	PUNCT
cjfa-56736	83	36	β5	β5	NOUN
cjfa-56736	83	37	and	and	CCONJ
cjfa-56736	83	38	β6	β6	PROPN
cjfa-56736	83	39	are	be	AUX
cjfa-56736	83	40	the	the	DET
cjfa-56736	83	41	estimated	estimate	VERB
cjfa-56736	83	42	coefficients	coefficient	NOUN
cjfa-56736	83	43	and	and	CCONJ
cjfa-56736	83	44	ε	ε	PROPN
cjfa-56736	83	45	is	be	AUX
cjfa-56736	83	46	the	the	DET
cjfa-56736	83	47	error	error	NOUN
cjfa-56736	83	48	term	term	NOUN
cjfa-56736	83	49	.	.	PUNCT
cjfa-56736	84	1	(	(	PUNCT
cjfa-56736	84	2	2	2	X
cjfa-56736	84	3	)	)	PUNCT
cjfa-56736	84	4	methodology	methodology	NOUN
cjfa-56736	84	5	our	our	PRON
cjfa-56736	84	6	data	data	NOUN
cjfa-56736	84	7	is	be	AUX
cjfa-56736	84	8	in	in	ADP
cjfa-56736	84	9	the	the	DET
cjfa-56736	84	10	form	form	NOUN
cjfa-56736	84	11	of	of	ADP
cjfa-56736	84	12	panel	panel	NOUN
cjfa-56736	84	13	data	datum	NOUN
cjfa-56736	84	14	,	,	PUNCT
cjfa-56736	84	15	we	we	PRON
cjfa-56736	84	16	try	try	VERB
cjfa-56736	84	17	to	to	PART
cjfa-56736	84	18	apply	apply	VERB
cjfa-56736	84	19	the	the	DET
cjfa-56736	84	20	fixed	fixed	ADJ
cjfa-56736	84	21	effect	effect	NOUN
cjfa-56736	84	22	or	or	CCONJ
cjfa-56736	84	23	the	the	DET
cjfa-56736	84	24	random	random	ADJ
cjfa-56736	84	25	effect	effect	NOUN
cjfa-56736	84	26	but	but	CCONJ
cjfa-56736	84	27	because	because	SCONJ
cjfa-56736	84	28	of	of	ADP
cjfa-56736	84	29	the	the	DET
cjfa-56736	84	30	data	datum	NOUN
cjfa-56736	84	31	we	we	PRON
cjfa-56736	84	32	find	find	VERB
cjfa-56736	84	33	we	we	PRON
cjfa-56736	84	34	are	be	AUX
cjfa-56736	84	35	obliged	oblige	VERB
cjfa-56736	84	36	to	to	PART
cjfa-56736	84	37	use	use	VERB
cjfa-56736	84	38	pool	pool	NOUN
cjfa-56736	84	39	data	datum	NOUN
cjfa-56736	84	40	.	.	PUNCT
cjfa-56736	85	1	the	the	DET
cjfa-56736	85	2	panel	panel	NOUN
cjfa-56736	85	3	data	datum	NOUN
cjfa-56736	85	4	method	method	NOUN
cjfa-56736	85	5	with	with	ADP
cjfa-56736	85	6	"	"	PUNCT
cjfa-56736	85	7	pool	pool	NOUN
cjfa-56736	85	8	data	datum	NOUN
cjfa-56736	85	9	"	"	PUNCT
cjfa-56736	85	10	is	be	AUX
cjfa-56736	85	11	an	an	DET
cjfa-56736	85	12	analytical	analytical	ADJ
cjfa-56736	85	13	approach	approach	NOUN
cjfa-56736	85	14	that	that	PRON
cjfa-56736	85	15	combines	combine	VERB
cjfa-56736	85	16	the	the	DET
cjfa-56736	85	17	advantages	advantage	NOUN
cjfa-56736	85	18	of	of	ADP
cjfa-56736	85	19	panel	panel	NOUN
cjfa-56736	85	20	data	datum	NOUN
cjfa-56736	85	21	(	(	PUNCT
cjfa-56736	85	22	or	or	CCONJ
cjfa-56736	85	23	longitudinal	longitudinal	ADJ
cjfa-56736	85	24	data	datum	NOUN
cjfa-56736	85	25	)	)	PUNCT
cjfa-56736	85	26	with	with	ADP
cjfa-56736	85	27	the	the	DET
cjfa-56736	85	28	notion	notion	NOUN
cjfa-56736	85	29	of	of	ADP
cjfa-56736	85	30	"	"	PUNCT
cjfa-56736	85	31	pooling	pool	VERB
cjfa-56736	85	32	"	"	PUNCT
cjfa-56736	85	33	or	or	CCONJ
cjfa-56736	85	34	aggregating	aggregate	VERB
cjfa-56736	85	35	data	datum	NOUN
cjfa-56736	85	36	from	from	ADP
cjfa-56736	85	37	multiple	multiple	ADJ
cjfa-56736	85	38	sources	source	NOUN
cjfa-56736	85	39	.	.	PUNCT
cjfa-56736	86	1	panel	panel	NOUN
cjfa-56736	86	2	data	datum	NOUN
cjfa-56736	86	3	consists	consist	VERB
cjfa-56736	86	4	of	of	ADP
cjfa-56736	86	5	observations	observation	NOUN
cjfa-56736	86	6	collected	collect	VERB
cjfa-56736	86	7	on	on	ADP
cjfa-56736	86	8	the	the	DET
cjfa-56736	86	9	same	same	ADJ
cjfa-56736	86	10	unit	unit	NOUN
cjfa-56736	86	11	(	(	PUNCT
cjfa-56736	86	12	such	such	ADJ
cjfa-56736	86	13	as	as	ADP
cjfa-56736	86	14	a	a	DET
cjfa-56736	86	15	company	company	NOUN
cjfa-56736	86	16	,	,	PUNCT
cjfa-56736	86	17	an	an	DET
cjfa-56736	86	18	individual	individual	NOUN
cjfa-56736	86	19	,	,	PUNCT
cjfa-56736	86	20	or	or	CCONJ
cjfa-56736	86	21	a	a	DET
cjfa-56736	86	22	country	country	NOUN
cjfa-56736	86	23	)	)	PUNCT
cjfa-56736	86	24	at	at	ADP
cjfa-56736	86	25	several	several	ADJ
cjfa-56736	86	26	points	point	NOUN
cjfa-56736	86	27	in	in	ADP
cjfa-56736	86	28	time	time	NOUN
cjfa-56736	86	29	.	.	PUNCT
cjfa-56736	87	1	data	datum	NOUN
cjfa-56736	87	2	pooling	pooling	NOUN
cjfa-56736	87	3	,	,	PUNCT
cjfa-56736	87	4	on	on	ADP
cjfa-56736	87	5	the	the	DET
cjfa-56736	87	6	other	other	ADJ
cjfa-56736	87	7	hand	hand	NOUN
cjfa-56736	87	8	,	,	PUNCT
cjfa-56736	87	9	involves	involve	VERB
cjfa-56736	87	10	bringing	bring	VERB
cjfa-56736	87	11	together	together	ADP
cjfa-56736	87	12	data	datum	NOUN
cjfa-56736	87	13	from	from	ADP
cjfa-56736	87	14	different	different	ADJ
cjfa-56736	87	15	units	unit	NOUN
cjfa-56736	87	16	or	or	CCONJ
cjfa-56736	87	17	sources	source	NOUN
cjfa-56736	87	18	.	.	PUNCT
cjfa-56736	88	1	the	the	DET
cjfa-56736	88	2	robustness	robustness	NOUN
cjfa-56736	88	3	and	and	CCONJ
cjfa-56736	88	4	generalizability	generalizability	NOUN
cjfa-56736	88	5	of	of	ADP
cjfa-56736	88	6	results	result	NOUN
cjfa-56736	88	7	can	can	AUX
cjfa-56736	88	8	be	be	AUX
cjfa-56736	88	9	enhanced	enhance	VERB
cjfa-56736	88	10	by	by	ADP
cjfa-56736	88	11	combining	combine	VERB
cjfa-56736	88	12	two	two	NUM
cjfa-56736	88	13	concepts	concept	NOUN
cjfa-56736	88	14	that	that	PRON
cjfa-56736	88	15	create	create	VERB
cjfa-56736	88	16	a	a	DET
cjfa-56736	88	17	methodology	methodology	NOUN
cjfa-56736	88	18	suited	suit	VERB
cjfa-56736	88	19	to	to	ADP
cjfa-56736	88	20	the	the	DET
cjfa-56736	88	21	analysis	analysis	NOUN
cjfa-56736	88	22	of	of	ADP
cjfa-56736	88	23	panel	panel	NOUN
cjfa-56736	88	24	data	datum	NOUN
cjfa-56736	88	25	from	from	ADP
cjfa-56736	88	26	different	different	ADJ
cjfa-56736	88	27	sources	source	NOUN
cjfa-56736	88	28	and	and	CCONJ
cjfa-56736	88	29	groups	group	NOUN
cjfa-56736	88	30	.	.	PUNCT
cjfa-56736	89	1	model	model	NOUN
cjfa-56736	89	2	presentation	presentation	NOUN
cjfa-56736	89	3	to	to	PART
cjfa-56736	89	4	shed	shed	VERB
cjfa-56736	89	5	light	light	NOUN
cjfa-56736	89	6	on	on	ADP
cjfa-56736	89	7	the	the	DET
cjfa-56736	89	8	different	different	ADJ
cjfa-56736	89	9	facets	facet	NOUN
cjfa-56736	89	10	of	of	ADP
cjfa-56736	89	11	icos	icos	PROPN
cjfa-56736	89	12	,	,	PUNCT
cjfa-56736	89	13	we	we	PRON
cjfa-56736	89	14	have	have	AUX
cjfa-56736	89	15	developed	develop	VERB
cjfa-56736	89	16	three	three	NUM
cjfa-56736	89	17	distinct	distinct	ADJ
cjfa-56736	89	18	econometric	econometric	ADJ
cjfa-56736	89	19	models	model	NOUN
cjfa-56736	89	20	.	.	PUNCT
cjfa-56736	90	1	the	the	DET
cjfa-56736	90	2	first	first	ADJ
cjfa-56736	90	3	model	model	NOUN
cjfa-56736	90	4	explores	explore	VERB
cjfa-56736	90	5	key	key	ADJ
cjfa-56736	90	6	metrics	metric	NOUN
cjfa-56736	90	7	such	such	ADJ
cjfa-56736	90	8	as	as	ADP
cjfa-56736	90	9	return	return	NOUN
cjfa-56736	90	10	(	(	PUNCT
cjfa-56736	90	11	r	r	NOUN
cjfa-56736	90	12	)	)	PUNCT
cjfa-56736	90	13	,	,	PUNCT
cjfa-56736	90	14	excess	excess	ADJ
cjfa-56736	90	15	weighted	weighted	ADJ
cjfa-56736	90	16	return	return	NOUN
cjfa-56736	90	17	(	(	PUNCT
cjfa-56736	90	18	ew	ew	NOUN
cjfa-56736	90	19	)	)	PUNCT
cjfa-56736	90	20	,	,	PUNCT
cjfa-56736	90	21	and	and	CCONJ
cjfa-56736	90	22	weighted	weight	VERB
cjfa-56736	90	23	market	market	NOUN
cjfa-56736	90	24	value	value	NOUN
cjfa-56736	90	25	(	(	PUNCT
cjfa-56736	90	26	vw	vw	NOUN
cjfa-56736	90	27	)	)	PUNCT
cjfa-56736	90	28	.	.	PUNCT
cjfa-56736	91	1	these	these	DET
cjfa-56736	91	2	measures	measure	NOUN
cjfa-56736	91	3	enable	enable	VERB
cjfa-56736	91	4	us	we	PRON
cjfa-56736	91	5	to	to	PART
cjfa-56736	91	6	deepen	deepen	VERB
cjfa-56736	91	7	our	our	PRON
cjfa-56736	91	8	understanding	understanding	NOUN
cjfa-56736	91	9	of	of	ADP
cjfa-56736	91	10	the	the	DET
cjfa-56736	91	11	financial	financial	ADJ
cjfa-56736	91	12	performance	performance	NOUN
cjfa-56736	91	13	of	of	ADP
cjfa-56736	91	14	icos	icos	PROPN
cjfa-56736	91	15	and	and	CCONJ
cjfa-56736	91	16	their	their	PRON
cjfa-56736	91	17	impact	impact	NOUN
cjfa-56736	91	18	on	on	ADP
cjfa-56736	91	19	investors	investor	NOUN
cjfa-56736	91	20	.	.	PUNCT
cjfa-56736	92	1	the	the	DET
cjfa-56736	92	2	second	second	ADJ
cjfa-56736	92	3	model	model	NOUN
cjfa-56736	92	4	looks	look	VERB
cjfa-56736	92	5	at	at	ADP
cjfa-56736	92	6	time	time	NOUN
cjfa-56736	92	7	to	to	ADP
cjfa-56736	92	8	market	market	NOUN
cjfa-56736	92	9	and	and	CCONJ
cjfa-56736	92	10	potential	potential	ADJ
cjfa-56736	92	11	delisting	delisting	NOUN
cjfa-56736	92	12	.	.	PUNCT
cjfa-56736	93	1	by	by	ADP
cjfa-56736	93	2	analyzing	analyze	VERB
cjfa-56736	93	3	these	these	DET
cjfa-56736	93	4	factors	factor	NOUN
cjfa-56736	93	5	,	,	PUNCT
cjfa-56736	93	6	we	we	PRON
cjfa-56736	93	7	seek	seek	VERB
cjfa-56736	93	8	to	to	PART
cjfa-56736	93	9	unveil	unveil	VERB
cjfa-56736	93	10	how	how	SCONJ
cjfa-56736	93	11	the	the	DET
cjfa-56736	93	12	timing	timing	NOUN
cjfa-56736	93	13	of	of	ADP
cjfa-56736	93	14	ico	ico	PROPN
cjfa-56736	93	15	launch	launch	NOUN
cjfa-56736	93	16	and	and	CCONJ
cjfa-56736	93	17	listing	list	VERB
cjfa-56736	93	18	duration	duration	NOUN
cjfa-56736	93	19	can	can	AUX
cjfa-56736	93	20	influence	influence	VERB
cjfa-56736	93	21	their	their	PRON
cjfa-56736	93	22	longterm	longterm	ADJ
cjfa-56736	93	23	success	success	NOUN
cjfa-56736	93	24	and	and	CCONJ
cjfa-56736	93	25	acceptance	acceptance	NOUN
cjfa-56736	93	26	on	on	ADP
cjfa-56736	93	27	exchange	exchange	NOUN
cjfa-56736	93	28	platforms	platform	NOUN
cjfa-56736	93	29	.	.	PUNCT
cjfa-56736	94	1	finally	finally	ADV
cjfa-56736	94	2	,	,	PUNCT
cjfa-56736	94	3	our	our	PRON
cjfa-56736	94	4	third	third	ADJ
cjfa-56736	94	5	model	model	NOUN
cjfa-56736	94	6	looks	look	VERB
cjfa-56736	94	7	at	at	ADP
cjfa-56736	94	8	the	the	DET
cjfa-56736	94	9	total	total	ADJ
cjfa-56736	94	10	amount	amount	NOUN
cjfa-56736	94	11	raised	raise	VERB
cjfa-56736	94	12	during	during	ADP
cjfa-56736	94	13	the	the	DET
cjfa-56736	94	14	ico	ico	PROPN
cjfa-56736	94	15	(	(	PUNCT
cjfa-56736	94	16	ico	ico	PROPN
cjfa-56736	94	17	gross	gross	ADJ
cjfa-56736	94	18	proceed	proceed	VERB
cjfa-56736	94	19	)	)	PUNCT
cjfa-56736	94	20	and	and	CCONJ
cjfa-56736	94	21	the	the	DET
cjfa-56736	94	22	nominal	nominal	ADJ
cjfa-56736	94	23	return	return	NOUN
cjfa-56736	94	24	.	.	PUNCT
cjfa-56736	95	1	this	this	DET
cjfa-56736	95	2	approach	approach	NOUN
cjfa-56736	95	3	allows	allow	VERB
cjfa-56736	95	4	us	we	PRON
cjfa-56736	95	5	to	to	PART
cjfa-56736	95	6	probe	probe	VERB
cjfa-56736	95	7	how	how	SCONJ
cjfa-56736	95	8	the	the	DET
cjfa-56736	95	9	size	size	NOUN
cjfa-56736	95	10	of	of	ADP
cjfa-56736	95	11	the	the	DET
cjfa-56736	95	12	initial	initial	ADJ
cjfa-56736	95	13	funding	funding	NOUN
cjfa-56736	95	14	and	and	CCONJ
cjfa-56736	95	15	the	the	DET
cjfa-56736	95	16	nominal	nominal	ADJ
cjfa-56736	95	17	return	return	NOUN
cjfa-56736	95	18	influence	influence	NOUN
cjfa-56736	95	19	the	the	DET
cjfa-56736	95	20	performance	performance	NOUN
cjfa-56736	95	21	and	and	CCONJ
cjfa-56736	95	22	perception	perception	NOUN
cjfa-56736	95	23	of	of	ADP
cjfa-56736	95	24	icos	icos	PROPN
cjfa-56736	95	25	.	.	PUNCT
cjfa-56736	96	1	by	by	ADP
cjfa-56736	96	2	examining	examine	VERB
cjfa-56736	96	3	these	these	DET
cjfa-56736	96	4	different	different	ADJ
cjfa-56736	96	5	angles	angle	NOUN
cjfa-56736	96	6	,	,	PUNCT
cjfa-56736	96	7	we	we	PRON
cjfa-56736	96	8	hope	hope	VERB
cjfa-56736	96	9	to	to	PART
cjfa-56736	96	10	provide	provide	VERB
cjfa-56736	96	11	a	a	DET
cjfa-56736	96	12	comprehensive	comprehensive	ADJ
cjfa-56736	96	13	and	and	CCONJ
cjfa-56736	96	14	balanced	balanced	ADJ
cjfa-56736	96	15	view	view	NOUN
cjfa-56736	96	16	of	of	ADP
cjfa-56736	96	17	the	the	DET
cjfa-56736	96	18	factors	factor	NOUN
cjfa-56736	96	19	shaping	shape	VERB
cjfa-56736	96	20	the	the	DET
cjfa-56736	96	21	landscape	landscape	NOUN
cjfa-56736	96	22	of	of	ADP
cjfa-56736	96	23	icos	icos	PROPN
cjfa-56736	96	24	and	and	CCONJ
cjfa-56736	96	25	their	their	PRON
cjfa-56736	96	26	relevance	relevance	NOUN
cjfa-56736	96	27	in	in	ADP
cjfa-56736	96	28	the	the	DET
cjfa-56736	96	29	modern	modern	ADJ
cjfa-56736	96	30	economy	economy	NOUN
cjfa-56736	96	31	.	.	PUNCT
cjfa-56736	97	1	models	model	NOUN
cjfa-56736	97	2	of	of	ADP
cjfa-56736	97	3	first	first	ADJ
cjfa-56736	97	4	-	-	PUNCT
cjfa-56736	97	5	day	day	NOUN
cjfa-56736	97	6	returns	return	NOUN
cjfa-56736	97	7	:	:	PUNCT
cjfa-56736	97	8	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	97	9	�	�	PROPN
cjfa-56736	97	10	�	�	PROPN
cjfa-56736	97	11	�	�	PROPN
cjfa-56736	97	12	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	97	13	�	�	PROPN
cjfa-56736	97	14	�	�	PROPN
cjfa-56736	97	15	�	�	PROPN
cjfa-56736	97	16	∗	∗	PROPN
cjfa-56736	97	17	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	97	18	�	�	PROPN
cjfa-56736	97	19	�	�	PROPN
cjfa-56736	97	20	�	�	PROPN
cjfa-56736	97	21	�	�	PROPN
cjfa-56736	97	22	�	�	PROPN
cjfa-56736	97	23	∗	∗	NOUN
cjfa-56736	97	24	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	97	25	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	97	26	�	�	PROPN
cjfa-56736	97	27	�	�	PROPN
cjfa-56736	97	28	�	�	PROPN
cjfa-56736	97	29	�	�	PROPN
cjfa-56736	97	30	�	�	PROPN
cjfa-56736	97	31	∗	∗	NOUN
cjfa-56736	97	32	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	98	1	𝐿𝐿𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	𝐿𝐿𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	PROPN
cjfa-56736	98	2	𝑝𝑝𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	𝑝𝑝𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	PROPN
cjfa-56736	98	3	�	�	PROPN
cjfa-56736	98	4	�	�	PROPN
cjfa-56736	98	5	�	�	PROPN
cjfa-56736	98	6	�	�	PROPN
cjfa-56736	98	7	�	�	PROPN
cjfa-56736	98	8	�	�	PROPN
cjfa-56736	98	9	(	(	PUNCT
cjfa-56736	98	10	1	1	NUM
cjfa-56736	98	11	)	)	PUNCT
cjfa-56736	98	12	𝐸𝐸𝐸𝐸	𝐸𝐸𝐸𝐸	PROPN
cjfa-56736	98	13	�	�	PROPN
cjfa-56736	98	14	�	�	PROPN
cjfa-56736	98	15	�	�	PROPN
cjfa-56736	98	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	98	17	�	�	PROPN
cjfa-56736	98	18	�	�	PROPN
cjfa-56736	98	19	�	�	PROPN
cjfa-56736	98	20	∗	∗	PROPN
cjfa-56736	98	21	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	98	22	�	�	PROPN
cjfa-56736	98	23	�	�	PROPN
cjfa-56736	98	24	�	�	PROPN
cjfa-56736	98	25	�	�	PROPN
cjfa-56736	98	26	�	�	PROPN
cjfa-56736	98	27	∗	∗	NOUN
cjfa-56736	98	28	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	98	29	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	98	30	�	�	PROPN
cjfa-56736	98	31	�	�	PROPN
cjfa-56736	98	32	�	�	PROPN
cjfa-56736	98	33	�	�	PROPN
cjfa-56736	98	34	�	�	PROPN
cjfa-56736	98	35	∗	∗	NOUN
cjfa-56736	98	36	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	99	1	𝐿𝐿𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	𝐿𝐿𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	PROPN
cjfa-56736	99	2	𝑝𝑝𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	𝑝𝑝𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	PROPN
cjfa-56736	99	3	�	�	PROPN
cjfa-56736	99	4	�	�	PROPN
cjfa-56736	99	5	�	�	PROPN
cjfa-56736	99	6	�	�	PROPN
cjfa-56736	99	7	�	�	PROPN
cjfa-56736	99	8	�	�	PROPN
cjfa-56736	99	9	(	(	PUNCT
cjfa-56736	99	10	2	2	NUM
cjfa-56736	99	11	)	)	PUNCT
cjfa-56736	99	12	𝑉𝑉𝐸𝐸	𝑉𝑉𝐸𝐸	PROPN
cjfa-56736	99	13	�	�	PROPN
cjfa-56736	99	14	�	�	PROPN
cjfa-56736	99	15	�	�	PROPN
cjfa-56736	99	16	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	99	17	�	�	PROPN
cjfa-56736	99	18	�	�	PROPN
cjfa-56736	99	19	�	�	PROPN
cjfa-56736	99	20	∗	∗	PROPN
cjfa-56736	99	21	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	99	22	�	�	PROPN
cjfa-56736	99	23	�	�	PROPN
cjfa-56736	99	24	�	�	PROPN
cjfa-56736	99	25	�	�	PROPN
cjfa-56736	99	26	�	�	PROPN
cjfa-56736	99	27	∗	∗	NOUN
cjfa-56736	99	28	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	99	29	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	99	30	�	�	PROPN
cjfa-56736	99	31	�	�	PROPN
cjfa-56736	99	32	�	�	PROPN
cjfa-56736	99	33	�	�	PROPN
cjfa-56736	99	34	�	�	PROPN
cjfa-56736	99	35	∗	∗	NOUN
cjfa-56736	99	36	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	100	1	𝐺𝐺𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	𝐺𝐺𝑔𝑔𝑔𝑔𝑔𝑔𝑔𝑔	PROPN
cjfa-56736	100	2	𝑃𝑃𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	𝑃𝑃𝑔𝑔𝑔𝑔𝐿𝐿𝐿𝐿𝐿𝐿𝑝𝑝	NOUN
cjfa-56736	100	3	�	�	PROPN
cjfa-56736	100	4	�	�	PROPN
cjfa-56736	100	5	�	�	PROPN
cjfa-56736	100	6	�	�	PROPN
cjfa-56736	100	7	�	�	PROPN
cjfa-56736	100	8	�	�	PROPN
cjfa-56736	100	9	(	(	PUNCT
cjfa-56736	100	10	3	3	NUM
cjfa-56736	100	11	)	)	PUNCT
cjfa-56736	100	12	(	(	PUNCT
cjfa-56736	100	13	3	3	X
cjfa-56736	100	14	)	)	PUNCT
cjfa-56736	100	15	study	study	NOUN
cjfa-56736	100	16	of	of	ADP
cjfa-56736	100	17	the	the	DET
cjfa-56736	100	18	performance	performance	NOUN
cjfa-56736	100	19	and	and	CCONJ
cjfa-56736	100	20	determinants	determinant	NOUN
cjfa-56736	100	21	…	…	PUNCT
cjfa-56736	100	22	1313	1313	NUM
cjfa-56736	100	23	models	model	NOUN
cjfa-56736	100	24	of	of	ADP
cjfa-56736	100	25	time	time	NOUN
cjfa-56736	100	26	to	to	ADP
cjfa-56736	100	27	market	market	NOUN
cjfa-56736	100	28	and	and	CCONJ
cjfa-56736	100	29	delisting	delisting	NOUN
cjfa-56736	100	30	:	:	PUNCT
cjfa-56736	100	31	models	model	NOUN
cjfa-56736	100	32	of	of	ADP
cjfa-56736	100	33	time	time	NOUN
cjfa-56736	100	34	to	to	ADP
cjfa-56736	100	35	market	market	NOUN
cjfa-56736	100	36	and	and	CCONJ
cjfa-56736	100	37	delisting	delisting	NOUN
cjfa-56736	100	38	:	:	PUNCT
cjfa-56736	100	39	models	model	NOUN
cjfa-56736	100	40	of	of	ADP
cjfa-56736	100	41	time	time	NOUN
cjfa-56736	100	42	to	to	ADP
cjfa-56736	100	43	market	market	NOUN
cjfa-56736	100	44	and	and	CCONJ
cjfa-56736	100	45	delisting	delisting	NOUN
cjfa-56736	100	46	:	:	PUNCT
cjfa-56736	100	47	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	ADJ
cjfa-56736	100	48	𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡	NOUN
cjfa-56736	100	49	𝑇𝑇𝑚𝑚𝑚𝑚𝑚𝑚𝑇𝑇𝑡𝑡	𝑇𝑇𝑚𝑚𝑚𝑚𝑚𝑚𝑇𝑇𝑡𝑡	NUM
cjfa-56736	100	50	�	�	SYM
cjfa-56736	100	51	�	�	PROPN
cjfa-56736	100	52	�	�	PROPN
cjfa-56736	100	53	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	100	54	�	�	PROPN
cjfa-56736	100	55	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	56	�	�	PROPN
cjfa-56736	100	57	∗	∗	NOUN
cjfa-56736	100	58	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	VERB
cjfa-56736	100	59	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	PROPN
cjfa-56736	100	60	�	�	PROPN
cjfa-56736	100	61	�	�	PROPN
cjfa-56736	100	62	�	�	PROPN
cjfa-56736	100	63	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	64	�	�	PROPN
cjfa-56736	100	65	∗	∗	NOUN
cjfa-56736	100	66	𝐶𝐶𝐶𝐶𝐶𝐶	𝐶𝐶𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	67	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	100	68	�	�	PROPN
cjfa-56736	100	69	�	�	PROPN
cjfa-56736	100	70	�	�	PROPN
cjfa-56736	100	71	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	72	�	�	PROPN
cjfa-56736	100	73	∗	∗	PROPN
cjfa-56736	100	74	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	100	75	�	�	PROPN
cjfa-56736	100	76	�	�	PROPN
cjfa-56736	100	77	�	�	PROPN
cjfa-56736	100	78	�	�	PROPN
cjfa-56736	100	79	�	�	PROPN
cjfa-56736	100	80	�	�	PROPN
cjfa-56736	100	81	(	(	PUNCT
cjfa-56736	100	82	4	4	NUM
cjfa-56736	100	83	)	)	PUNCT
cjfa-56736	100	84	𝐷𝐷𝑇𝑇𝐷𝐷𝑇𝑇𝐷𝐷𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	𝐷𝐷𝑇𝑇𝐷𝐷𝑇𝑇𝐷𝐷𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	PROPN
cjfa-56736	100	85	�	�	PROPN
cjfa-56736	100	86	�	�	PROPN
cjfa-56736	100	87	�	�	PROPN
cjfa-56736	100	88	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	100	89	�	�	PROPN
cjfa-56736	100	90	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	91	�	�	PROPN
cjfa-56736	100	92	∗	∗	NOUN
cjfa-56736	100	93	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	VERB
cjfa-56736	100	94	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	PROPN
cjfa-56736	100	95	�	�	PROPN
cjfa-56736	100	96	�	�	PROPN
cjfa-56736	100	97	�	�	PROPN
cjfa-56736	100	98	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	99	�	�	PROPN
cjfa-56736	100	100	∗	∗	NOUN
cjfa-56736	100	101	𝐶𝐶𝐶𝐶𝐶𝐶	𝐶𝐶𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	102	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	100	103	�	�	PROPN
cjfa-56736	100	104	�	�	PROPN
cjfa-56736	100	105	�	�	PROPN
cjfa-56736	100	106	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	107	�	�	PROPN
cjfa-56736	100	108	∗	∗	PROPN
cjfa-56736	100	109	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	100	110	�	�	PROPN
cjfa-56736	100	111	�	�	PROPN
cjfa-56736	100	112	�	�	PROPN
cjfa-56736	100	113	�	�	PROPN
cjfa-56736	100	114	�	�	PROPN
cjfa-56736	100	115	�	�	PROPN
cjfa-56736	100	116	(	(	PUNCT
cjfa-56736	100	117	5	5	NUM
cjfa-56736	100	118	)	)	PUNCT
cjfa-56736	100	119	models	model	NOUN
cjfa-56736	100	120	of	of	ADP
cjfa-56736	100	121	nominal	nominal	ADJ
cjfa-56736	100	122	return	return	NOUN
cjfa-56736	100	123	and	and	CCONJ
cjfa-56736	100	124	ico	ico	PROPN
cjfa-56736	100	125	gross	gross	ADJ
cjfa-56736	100	126	proceed	proceed	VERB
cjfa-56736	100	127	:	:	PUNCT
cjfa-56736	100	128	𝑁𝑁𝑡𝑡𝑇𝑇𝑇𝑇𝐷𝐷𝑚𝑚𝐷𝐷	𝑁𝑁𝑡𝑡𝑇𝑇𝑇𝑇𝐷𝐷𝑚𝑚𝐷𝐷	PROPN
cjfa-56736	100	129	𝑅𝑅𝑇𝑇𝑡𝑡𝑅𝑅𝑚𝑚𝐷𝐷	𝑅𝑅𝑇𝑇𝑡𝑡𝑅𝑅𝑚𝑚𝐷𝐷	PROPN
cjfa-56736	100	130	�	�	PROPN
cjfa-56736	100	131	�	�	PROPN
cjfa-56736	100	132	�	�	PROPN
cjfa-56736	100	133	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	100	134	�	�	PROPN
cjfa-56736	100	135	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	136	�	�	PROPN
cjfa-56736	100	137	∗	∗	PROPN
cjfa-56736	100	138	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	100	139	�	�	PROPN
cjfa-56736	100	140	�	�	PROPN
cjfa-56736	100	141	�	�	PROPN
cjfa-56736	100	142	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	143	�	�	PROPN
cjfa-56736	100	144	∗	∗	NOUN
cjfa-56736	100	145	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	146	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	100	147	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	100	148	�	�	PROPN
cjfa-56736	100	149	�	�	PROPN
cjfa-56736	100	150	�	�	PROPN
cjfa-56736	100	151	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	152	�	�	PROPN
cjfa-56736	100	153	∗	∗	NOUN
cjfa-56736	100	154	𝐶𝐶𝑅𝑅𝐶𝐶20	𝐶𝐶𝑅𝑅𝐶𝐶20	NUM
cjfa-56736	100	155	�	�	PROPN
cjfa-56736	100	156	�	�	PROPN
cjfa-56736	100	157	�	�	PROPN
cjfa-56736	100	158	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	159	�	�	PROPN
cjfa-56736	100	160	∗	∗	NOUN
cjfa-56736	100	161	major	major	ADJ
cjfa-56736	100	162	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	100	163	�	�	PROPN
cjfa-56736	100	164	�	�	PROPN
cjfa-56736	100	165	�	�	PROPN
cjfa-56736	100	166	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	167	�	�	PROPN
cjfa-56736	100	168	∗	∗	PROPN
cjfa-56736	100	169	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	170	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	PROPN
cjfa-56736	100	171	�	�	PROPN
cjfa-56736	100	172	�	�	PROPN
cjfa-56736	100	173	�	�	PROPN
cjfa-56736	100	174	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	175	�	�	PROPN
cjfa-56736	100	176	∗	∗	NOUN
cjfa-56736	100	177	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	100	178	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	100	179	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	NOUN
cjfa-56736	100	180	�	�	PROPN
cjfa-56736	100	181	�	�	PROPN
cjfa-56736	100	182	�	�	PROPN
cjfa-56736	100	183	�	�	PROPN
cjfa-56736	100	184	�	�	PROPN
cjfa-56736	100	185	�	�	PROPN
cjfa-56736	100	186	𝐿𝐿𝐼𝐼𝐶𝐶𝐶𝐶	𝐿𝐿𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	187	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	100	188	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	100	189	�	�	PROPN
cjfa-56736	100	190	�	�	PROPN
cjfa-56736	100	191	�	�	PROPN
cjfa-56736	100	192	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	100	193	�	�	PROPN
cjfa-56736	100	194	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	195	�	�	PROPN
cjfa-56736	100	196	∗	∗	PROPN
cjfa-56736	100	197	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	100	198	�	�	PROPN
cjfa-56736	100	199	�	�	PROPN
cjfa-56736	100	200	�	�	PROPN
cjfa-56736	100	201	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	202	�	�	PROPN
cjfa-56736	100	203	∗	∗	NOUN
cjfa-56736	100	204	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	205	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	100	206	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	100	207	�	�	PROPN
cjfa-56736	100	208	�	�	PROPN
cjfa-56736	100	209	�	�	PROPN
cjfa-56736	100	210	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	211	�	�	PROPN
cjfa-56736	100	212	∗	∗	NOUN
cjfa-56736	100	213	𝐶𝐶𝑅𝑅𝐶𝐶20	𝐶𝐶𝑅𝑅𝐶𝐶20	NUM
cjfa-56736	100	214	�	�	PROPN
cjfa-56736	100	215	�	�	PROPN
cjfa-56736	100	216	�	�	PROPN
cjfa-56736	100	217	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	218	�	�	PROPN
cjfa-56736	100	219	∗	∗	NOUN
cjfa-56736	100	220	major	major	ADJ
cjfa-56736	100	221	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	100	222	�	�	PROPN
cjfa-56736	100	223	�	�	PROPN
cjfa-56736	100	224	�	�	PROPN
cjfa-56736	100	225	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	226	�	�	PROPN
cjfa-56736	100	227	∗	∗	PROPN
cjfa-56736	100	228	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	100	229	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	PROPN
cjfa-56736	100	230	�	�	PROPN
cjfa-56736	100	231	�	�	PROPN
cjfa-56736	100	232	�	�	PROPN
cjfa-56736	100	233	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	100	234	�	�	PROPN
cjfa-56736	100	235	∗	∗	NOUN
cjfa-56736	100	236	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	101	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	101	2	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	NOUN
cjfa-56736	101	3	�	�	PROPN
cjfa-56736	101	4	�	�	PROPN
cjfa-56736	101	5	�	�	PROPN
cjfa-56736	101	6	�	�	PROPN
cjfa-56736	101	7	�	�	PROPN
cjfa-56736	101	8	�	�	PROPN
cjfa-56736	101	9	(	(	PUNCT
cjfa-56736	101	10	7	7	NUM
cjfa-56736	101	11	)	)	PUNCT
cjfa-56736	101	12	with	with	ADP
cjfa-56736	101	13	i	i	PRON
cjfa-56736	101	14	is	be	AUX
cjfa-56736	101	15	a	a	DET
cjfa-56736	101	16	particular	particular	ADJ
cjfa-56736	101	17	ico	ico	PROPN
cjfa-56736	101	18	token	token	VERB
cjfa-56736	101	19	t	t	PROPN
cjfa-56736	101	20	is	be	AUX
cjfa-56736	101	21	the	the	DET
cjfa-56736	101	22	period	period	NOUN
cjfa-56736	101	23	,	,	PUNCT
cjfa-56736	101	24	c	c	X
cjfa-56736	101	25	the	the	DET
cjfa-56736	101	26	constant	constant	ADJ
cjfa-56736	101	27	,	,	PUNCT
cjfa-56736	101	28	β1	β1	PROPN
cjfa-56736	101	29	,	,	PUNCT
cjfa-56736	101	30	β2	β2	NOUN
cjfa-56736	101	31	,	,	PUNCT
cjfa-56736	101	32	β3	β3	PROPN
cjfa-56736	101	33	,	,	PUNCT
cjfa-56736	101	34	β4	β4	PROPN
cjfa-56736	101	35	,	,	PUNCT
cjfa-56736	101	36	β5	β5	NOUN
cjfa-56736	101	37	and	and	CCONJ
cjfa-56736	101	38	β6	β6	PROPN
cjfa-56736	101	39	are	be	AUX
cjfa-56736	101	40	the	the	DET
cjfa-56736	101	41	estimated	estimate	VERB
cjfa-56736	101	42	coefficients	coefficient	NOUN
cjfa-56736	101	43	and	and	CCONJ
cjfa-56736	101	44	ε	ε	PROPN
cjfa-56736	101	45	is	be	AUX
cjfa-56736	101	46	the	the	DET
cjfa-56736	101	47	error	error	NOUN
cjfa-56736	101	48	term	term	NOUN
cjfa-56736	101	49	.	.	PUNCT
cjfa-56736	102	1	ico	ico	PROPN
cjfa-56736	102	2	performance	performance	NOUN
cjfa-56736	102	3	data	datum	NOUN
cjfa-56736	102	4	and	and	CCONJ
cjfa-56736	102	5	variables	variable	NOUN
cjfa-56736	102	6	data	data	VERB
cjfa-56736	102	7	the	the	DET
cjfa-56736	102	8	data	datum	NOUN
cjfa-56736	102	9	for	for	ADP
cjfa-56736	102	10	our	our	PRON
cjfa-56736	102	11	empirical	empirical	ADJ
cjfa-56736	102	12	analysis	analysis	NOUN
cjfa-56736	102	13	was	be	AUX
cjfa-56736	102	14	collected	collect	VERB
cjfa-56736	102	15	from	from	ADP
cjfa-56736	102	16	ico	ico	PROPN
cjfa-56736	102	17	marks	mark	VERB
cjfa-56736	102	18	sites	site	NOUN
cjfa-56736	102	19	that	that	PRON
cjfa-56736	102	20	form	form	VERB
cjfa-56736	102	21	our	our	PRON
cjfa-56736	102	22	3,498	3,498	NUM
cjfa-56736	102	23	icos	ico	NOUN
cjfa-56736	102	24	issued	issue	VERB
cjfa-56736	102	25	between	between	ADP
cjfa-56736	102	26	january	january	PROPN
cjfa-56736	102	27	2019	2019	NUM
cjfa-56736	102	28	and	and	CCONJ
cjfa-56736	102	29	december	december	PROPN
cjfa-56736	102	30	2023	2023	NUM
cjfa-56736	102	31	.	.	PUNCT
cjfa-56736	103	1	the	the	DET
cjfa-56736	103	2	data	datum	NOUN
cjfa-56736	103	3	we	we	PRON
cjfa-56736	103	4	've	have	AUX
cjfa-56736	103	5	gathered	gather	VERB
cjfa-56736	103	6	plays	play	NOUN
cjfa-56736	103	7	a	a	DET
cjfa-56736	103	8	vital	vital	ADJ
cjfa-56736	103	9	role	role	NOUN
cjfa-56736	103	10	in	in	ADP
cjfa-56736	103	11	allowing	allow	VERB
cjfa-56736	103	12	us	we	PRON
cjfa-56736	103	13	to	to	PART
cjfa-56736	103	14	dive	dive	VERB
cjfa-56736	103	15	deep	deep	ADV
cjfa-56736	103	16	into	into	ADP
cjfa-56736	103	17	the	the	DET
cjfa-56736	103	18	ico	ico	PROPN
cjfa-56736	103	19	landscape	landscape	NOUN
cjfa-56736	103	20	,	,	PUNCT
cjfa-56736	103	21	exploring	explore	VERB
cjfa-56736	103	22	it	it	PRON
cjfa-56736	103	23	from	from	ADP
cjfa-56736	103	24	a	a	DET
cjfa-56736	103	25	variety	variety	NOUN
cjfa-56736	103	26	of	of	ADP
cjfa-56736	103	27	perspectives	perspective	NOUN
cjfa-56736	103	28	.	.	PUNCT
cjfa-56736	104	1	our	our	PRON
cjfa-56736	104	2	data	data	NOUN
cjfa-56736	104	3	collection	collection	NOUN
cjfa-56736	104	4	is	be	AUX
cjfa-56736	104	5	like	like	ADP
cjfa-56736	104	6	a	a	DET
cjfa-56736	104	7	jigsaw	jigsaw	NOUN
cjfa-56736	104	8	puzzle	puzzle	NOUN
cjfa-56736	104	9	made	make	VERB
cjfa-56736	104	10	up	up	ADP
cjfa-56736	104	11	of	of	ADP
cjfa-56736	104	12	key	key	ADJ
cjfa-56736	104	13	elements	element	NOUN
cjfa-56736	104	14	,	,	PUNCT
cjfa-56736	104	15	each	each	PRON
cjfa-56736	104	16	of	of	ADP
cjfa-56736	104	17	which	which	PRON
cjfa-56736	104	18	is	be	AUX
cjfa-56736	104	19	crucial	crucial	ADJ
cjfa-56736	104	20	to	to	ADP
cjfa-56736	104	21	getting	get	VERB
cjfa-56736	104	22	the	the	DET
cjfa-56736	104	23	full	full	ADJ
cjfa-56736	104	24	picture	picture	NOUN
cjfa-56736	104	25	.	.	PUNCT
cjfa-56736	105	1	we	we	PRON
cjfa-56736	105	2	took	take	VERB
cjfa-56736	105	3	care	care	NOUN
cjfa-56736	105	4	to	to	PART
cjfa-56736	105	5	collect	collect	VERB
cjfa-56736	105	6	information	information	NOUN
cjfa-56736	105	7	on	on	ADP
cjfa-56736	105	8	early	early	ADJ
cjfa-56736	105	9	-	-	PUNCT
cjfa-56736	105	10	day	day	NOUN
cjfa-56736	105	11	returns	return	NOUN
cjfa-56736	105	12	,	,	PUNCT
cjfa-56736	105	13	which	which	PRON
cjfa-56736	105	14	gives	give	VERB
cjfa-56736	105	15	us	we	PRON
cjfa-56736	105	16	an	an	DET
cjfa-56736	105	17	insight	insight	NOUN
cjfa-56736	105	18	into	into	ADP
cjfa-56736	105	19	the	the	DET
cjfa-56736	105	20	initial	initial	ADJ
cjfa-56736	105	21	performance	performance	NOUN
cjfa-56736	105	22	of	of	ADP
cjfa-56736	105	23	icos	icos	PROPN
cjfa-56736	105	24	as	as	SCONJ
cjfa-56736	105	25	they	they	PRON
cjfa-56736	105	26	hit	hit	VERB
cjfa-56736	105	27	the	the	DET
cjfa-56736	105	28	market	market	NOUN
cjfa-56736	105	29	.	.	PUNCT
cjfa-56736	106	1	in	in	ADP
cjfa-56736	106	2	parallel	parallel	NOUN
cjfa-56736	106	3	,	,	PUNCT
cjfa-56736	106	4	we	we	PRON
cjfa-56736	106	5	also	also	ADV
cjfa-56736	106	6	scrutinized	scrutinize	VERB
cjfa-56736	106	7	launch	launch	NOUN
cjfa-56736	106	8	time	time	NOUN
cjfa-56736	106	9	and	and	CCONJ
cjfa-56736	106	10	any	any	DET
cjfa-56736	106	11	withdrawals	withdrawal	NOUN
cjfa-56736	106	12	,	,	PUNCT
cjfa-56736	106	13	which	which	PRON
cjfa-56736	106	14	helps	help	VERB
cjfa-56736	106	15	us	we	PRON
cjfa-56736	106	16	to	to	PART
cjfa-56736	106	17	understand	understand	VERB
cjfa-56736	106	18	how	how	SCONJ
cjfa-56736	106	19	timing	timing	NOUN
cjfa-56736	106	20	decisions	decision	NOUN
cjfa-56736	106	21	influence	influence	VERB
cjfa-56736	106	22	the	the	DET
cjfa-56736	106	23	dynamism	dynamism	NOUN
cjfa-56736	106	24	of	of	ADP
cjfa-56736	106	25	icos	icos	PROPN
cjfa-56736	106	26	.	.	PUNCT
cjfa-56736	107	1	to	to	PART
cjfa-56736	107	2	add	add	VERB
cjfa-56736	107	3	a	a	DET
cjfa-56736	107	4	complementary	complementary	ADJ
cjfa-56736	107	5	touch	touch	NOUN
cjfa-56736	107	6	,	,	PUNCT
cjfa-56736	107	7	we	we	PRON
cjfa-56736	107	8	also	also	ADV
cjfa-56736	107	9	assembled	assemble	VERB
cjfa-56736	107	10	a	a	DET
cjfa-56736	107	11	databank	databank	NOUN
cjfa-56736	107	12	of	of	ADP
cjfa-56736	107	13	gross	gross	PROPN
cjfa-56736	107	14	ico	ico	PROPN
cjfa-56736	107	15	proceeds	proceed	NOUN
cjfa-56736	107	16	and	and	CCONJ
cjfa-56736	107	17	nominal	nominal	ADJ
cjfa-56736	107	18	returns	return	NOUN
cjfa-56736	107	19	,	,	PUNCT
cjfa-56736	107	20	providing	provide	VERB
cjfa-56736	107	21	a	a	DET
cjfa-56736	107	22	perspective	perspective	NOUN
cjfa-56736	107	23	on	on	ADP
cjfa-56736	107	24	the	the	DET
cjfa-56736	107	25	size	size	NOUN
cjfa-56736	107	26	of	of	ADP
cjfa-56736	107	27	initial	initial	ADJ
cjfa-56736	107	28	funding	funding	NOUN
cjfa-56736	107	29	and	and	CCONJ
cjfa-56736	107	30	the	the	DET
cjfa-56736	107	31	long	long	ADJ
cjfa-56736	107	32	-	-	PUNCT
cjfa-56736	107	33	term	term	NOUN
cjfa-56736	107	34	evolution	evolution	NOUN
cjfa-56736	107	35	of	of	ADP
cjfa-56736	107	36	projects	project	NOUN
cjfa-56736	107	37	.	.	PUNCT
cjfa-56736	108	1	ico	ico	PROPN
cjfa-56736	108	2	performance	performance	NOUN
cjfa-56736	108	3	variables	variable	VERB
cjfa-56736	108	4	independent	independent	ADJ
cjfa-56736	108	5	variables	variable	NOUN
cjfa-56736	108	6	1	1	NUM
cjfa-56736	108	7	.	.	PUNCT
cjfa-56736	109	1	first	first	ADJ
cjfa-56736	109	2	-	-	PUNCT
cjfa-56736	109	3	day	day	NOUN
cjfa-56736	109	4	raw	raw	ADJ
cjfa-56736	109	5	return	return	NOUN
cjfa-56736	109	6	:	:	PUNCT
cjfa-56736	109	7	raw	raw	ADJ
cjfa-56736	109	8	returns	return	NOUN
cjfa-56736	109	9	refer	refer	VERB
cjfa-56736	109	10	to	to	ADP
cjfa-56736	109	11	the	the	DET
cjfa-56736	109	12	gains	gain	NOUN
cjfa-56736	109	13	or	or	CCONJ
cjfa-56736	109	14	losses	loss	NOUN
cjfa-56736	109	15	realized	realize	VERB
cjfa-56736	109	16	on	on	ADP
cjfa-56736	109	17	the	the	DET
cjfa-56736	109	18	first	first	ADJ
cjfa-56736	109	19	day	day	NOUN
cjfa-56736	109	20	of	of	ADP
cjfa-56736	109	21	(	(	PUNCT
cjfa-56736	109	22	4	4	NUM
cjfa-56736	109	23	)	)	PUNCT
cjfa-56736	109	24	models	model	NOUN
cjfa-56736	109	25	of	of	ADP
cjfa-56736	109	26	time	time	NOUN
cjfa-56736	109	27	to	to	ADP
cjfa-56736	109	28	market	market	NOUN
cjfa-56736	109	29	and	and	CCONJ
cjfa-56736	109	30	delisting	delisting	NOUN
cjfa-56736	109	31	:	:	PUNCT
cjfa-56736	109	32	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇	ADJ
cjfa-56736	109	33	𝑡𝑡𝑡𝑡	𝑡𝑡𝑡𝑡	NOUN
cjfa-56736	109	34	𝑇𝑇𝑚𝑚𝑚𝑚𝑚𝑚𝑇𝑇𝑡𝑡	𝑇𝑇𝑚𝑚𝑚𝑚𝑚𝑚𝑇𝑇𝑡𝑡	NUM
cjfa-56736	109	35	�	�	SYM
cjfa-56736	109	36	�	�	PROPN
cjfa-56736	109	37	�	�	PROPN
cjfa-56736	109	38	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	109	39	�	�	PROPN
cjfa-56736	109	40	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	41	�	�	PROPN
cjfa-56736	109	42	∗	∗	NOUN
cjfa-56736	109	43	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	VERB
cjfa-56736	109	44	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	PROPN
cjfa-56736	109	45	�	�	PROPN
cjfa-56736	109	46	�	�	PROPN
cjfa-56736	109	47	�	�	PROPN
cjfa-56736	109	48	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	49	�	�	PROPN
cjfa-56736	109	50	∗	∗	NOUN
cjfa-56736	109	51	𝐶𝐶𝐶𝐶𝐶𝐶	𝐶𝐶𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	109	52	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	109	53	�	�	PROPN
cjfa-56736	109	54	�	�	PROPN
cjfa-56736	109	55	�	�	PROPN
cjfa-56736	109	56	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	57	�	�	PROPN
cjfa-56736	109	58	∗	∗	PROPN
cjfa-56736	109	59	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	109	60	�	�	PROPN
cjfa-56736	109	61	�	�	PROPN
cjfa-56736	109	62	�	�	PROPN
cjfa-56736	109	63	�	�	PROPN
cjfa-56736	109	64	�	�	PROPN
cjfa-56736	109	65	�	�	PROPN
cjfa-56736	109	66	(	(	PUNCT
cjfa-56736	109	67	4	4	NUM
cjfa-56736	109	68	)	)	PUNCT
cjfa-56736	109	69	𝐷𝐷𝑇𝑇𝐷𝐷𝑇𝑇𝐷𝐷𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	𝐷𝐷𝑇𝑇𝐷𝐷𝑇𝑇𝐷𝐷𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	PROPN
cjfa-56736	109	70	�	�	PROPN
cjfa-56736	109	71	�	�	PROPN
cjfa-56736	109	72	�	�	PROPN
cjfa-56736	109	73	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	109	74	�	�	PROPN
cjfa-56736	109	75	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	76	�	�	PROPN
cjfa-56736	109	77	∗	∗	NOUN
cjfa-56736	109	78	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	𝑇𝑇𝑇𝑇𝑚𝑚𝑇𝑇	VERB
cjfa-56736	109	79	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	𝑆𝑆𝑇𝑇𝑆𝑆𝑇𝑇	PROPN
cjfa-56736	109	80	�	�	PROPN
cjfa-56736	109	81	�	�	PROPN
cjfa-56736	109	82	�	�	PROPN
cjfa-56736	109	83	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	84	�	�	PROPN
cjfa-56736	109	85	∗	∗	NOUN
cjfa-56736	109	86	𝐶𝐶𝐶𝐶𝐶𝐶	𝐶𝐶𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	109	87	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	𝐿𝐿𝑇𝑇𝐿𝐿𝑚𝑚𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	109	88	�	�	PROPN
cjfa-56736	109	89	�	�	PROPN
cjfa-56736	109	90	�	�	PROPN
cjfa-56736	109	91	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	92	�	�	PROPN
cjfa-56736	109	93	∗	∗	PROPN
cjfa-56736	109	94	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	109	95	�	�	PROPN
cjfa-56736	109	96	�	�	PROPN
cjfa-56736	109	97	�	�	PROPN
cjfa-56736	109	98	�	�	PROPN
cjfa-56736	109	99	�	�	PROPN
cjfa-56736	109	100	�	�	PROPN
cjfa-56736	109	101	(	(	PUNCT
cjfa-56736	109	102	5	5	NUM
cjfa-56736	109	103	)	)	PUNCT
cjfa-56736	109	104	models	model	NOUN
cjfa-56736	109	105	of	of	ADP
cjfa-56736	109	106	nominal	nominal	ADJ
cjfa-56736	109	107	return	return	NOUN
cjfa-56736	109	108	and	and	CCONJ
cjfa-56736	109	109	ico	ico	PROPN
cjfa-56736	109	110	gross	gross	ADJ
cjfa-56736	109	111	proceed	proceed	VERB
cjfa-56736	109	112	:	:	PUNCT
cjfa-56736	109	113	𝑁𝑁𝑡𝑡𝑇𝑇𝑇𝑇𝐷𝐷𝑚𝑚𝐷𝐷	𝑁𝑁𝑡𝑡𝑇𝑇𝑇𝑇𝐷𝐷𝑚𝑚𝐷𝐷	PROPN
cjfa-56736	109	114	𝑅𝑅𝑇𝑇𝑡𝑡𝑅𝑅𝑚𝑚𝐷𝐷	𝑅𝑅𝑇𝑇𝑡𝑡𝑅𝑅𝑚𝑚𝐷𝐷	PROPN
cjfa-56736	109	115	�	�	PROPN
cjfa-56736	109	116	�	�	PROPN
cjfa-56736	109	117	�	�	PROPN
cjfa-56736	109	118	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	109	119	�	�	PROPN
cjfa-56736	109	120	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	121	�	�	PROPN
cjfa-56736	109	122	∗	∗	PROPN
cjfa-56736	109	123	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	109	124	�	�	PROPN
cjfa-56736	109	125	�	�	PROPN
cjfa-56736	109	126	�	�	PROPN
cjfa-56736	109	127	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	128	�	�	PROPN
cjfa-56736	109	129	∗	∗	NOUN
cjfa-56736	109	130	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	109	131	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	109	132	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	109	133	�	�	PROPN
cjfa-56736	109	134	�	�	PROPN
cjfa-56736	109	135	�	�	PROPN
cjfa-56736	109	136	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	137	�	�	PROPN
cjfa-56736	109	138	∗	∗	NOUN
cjfa-56736	109	139	𝐶𝐶𝑅𝑅𝐶𝐶20	𝐶𝐶𝑅𝑅𝐶𝐶20	NUM
cjfa-56736	109	140	�	�	PROPN
cjfa-56736	109	141	�	�	PROPN
cjfa-56736	109	142	�	�	PROPN
cjfa-56736	109	143	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	144	�	�	PROPN
cjfa-56736	109	145	∗	∗	NOUN
cjfa-56736	109	146	major	major	ADJ
cjfa-56736	109	147	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	109	148	�	�	PROPN
cjfa-56736	109	149	�	�	PROPN
cjfa-56736	109	150	�	�	PROPN
cjfa-56736	109	151	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	152	�	�	PROPN
cjfa-56736	109	153	∗	∗	PROPN
cjfa-56736	109	154	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	109	155	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	PROPN
cjfa-56736	109	156	�	�	PROPN
cjfa-56736	109	157	�	�	PROPN
cjfa-56736	109	158	�	�	PROPN
cjfa-56736	109	159	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	109	160	�	�	PROPN
cjfa-56736	109	161	∗	∗	NOUN
cjfa-56736	109	162	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	110	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	110	2	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	NOUN
cjfa-56736	110	3	�	�	PROPN
cjfa-56736	110	4	�	�	PROPN
cjfa-56736	110	5	�	�	PROPN
cjfa-56736	110	6	�	�	PROPN
cjfa-56736	110	7	�	�	PROPN
cjfa-56736	110	8	�	�	PROPN
cjfa-56736	110	9	𝐿𝐿𝐼𝐼𝐶𝐶𝐶𝐶	𝐿𝐿𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	110	10	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	110	11	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	110	12	�	�	PROPN
cjfa-56736	110	13	�	�	PROPN
cjfa-56736	110	14	�	�	PROPN
cjfa-56736	110	15	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	110	16	�	�	PROPN
cjfa-56736	110	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	18	�	�	PROPN
cjfa-56736	110	19	∗	∗	PROPN
cjfa-56736	110	20	𝐾𝐾𝐾𝐾𝐶𝐶	𝐾𝐾𝐾𝐾𝐶𝐶	PROPN
cjfa-56736	110	21	�	�	PROPN
cjfa-56736	110	22	�	�	PROPN
cjfa-56736	110	23	�	�	PROPN
cjfa-56736	110	24	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	25	�	�	PROPN
cjfa-56736	110	26	∗	∗	NOUN
cjfa-56736	110	27	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	110	28	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	𝐺𝐺𝑚𝑚𝑡𝑡𝐷𝐷𝐷𝐷	X
cjfa-56736	110	29	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	𝑃𝑃𝑚𝑚𝑡𝑡𝐿𝐿𝑇𝑇𝑇𝑇𝑃𝑃	PUNCT
cjfa-56736	110	30	�	�	PROPN
cjfa-56736	110	31	�	�	PROPN
cjfa-56736	110	32	�	�	PROPN
cjfa-56736	110	33	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	34	�	�	PROPN
cjfa-56736	110	35	∗	∗	NOUN
cjfa-56736	110	36	𝐶𝐶𝑅𝑅𝐶𝐶20	𝐶𝐶𝑅𝑅𝐶𝐶20	NUM
cjfa-56736	110	37	�	�	PROPN
cjfa-56736	110	38	�	�	PROPN
cjfa-56736	110	39	�	�	PROPN
cjfa-56736	110	40	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	41	�	�	PROPN
cjfa-56736	110	42	∗	∗	NOUN
cjfa-56736	110	43	major	major	ADJ
cjfa-56736	110	44	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	110	45	�	�	PROPN
cjfa-56736	110	46	�	�	PROPN
cjfa-56736	110	47	�	�	PROPN
cjfa-56736	110	48	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	49	�	�	PROPN
cjfa-56736	110	50	∗	∗	PROPN
cjfa-56736	110	51	𝐼𝐼𝐶𝐶𝐶𝐶	𝐼𝐼𝐶𝐶𝐶𝐶	PROPN
cjfa-56736	110	52	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝐷𝐷𝑅𝑅𝑚𝑚𝑚𝑚𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	PROPN
cjfa-56736	110	53	�	�	PROPN
cjfa-56736	110	54	�	�	PROPN
cjfa-56736	110	55	�	�	PROPN
cjfa-56736	110	56	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	110	57	�	�	PROPN
cjfa-56736	110	58	∗	∗	NOUN
cjfa-56736	110	59	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	111	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	111	2	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	𝑅𝑅𝑇𝑇𝐷𝐷𝑡𝑡𝑚𝑚𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝑡𝑡𝐷𝐷	NOUN
cjfa-56736	111	3	�	�	PROPN
cjfa-56736	111	4	�	�	PROPN
cjfa-56736	111	5	�	�	PROPN
cjfa-56736	111	6	�	�	PROPN
cjfa-56736	111	7	�	�	PROPN
cjfa-56736	111	8	�	�	PROPN
cjfa-56736	111	9	(	(	PUNCT
cjfa-56736	111	10	7	7	NUM
cjfa-56736	111	11	)	)	PUNCT
cjfa-56736	111	12	with	with	ADP
cjfa-56736	111	13	i	i	PRON
cjfa-56736	111	14	is	be	AUX
cjfa-56736	111	15	a	a	DET
cjfa-56736	111	16	particular	particular	ADJ
cjfa-56736	111	17	ico	ico	PROPN
cjfa-56736	111	18	token	token	VERB
cjfa-56736	111	19	t	t	PROPN
cjfa-56736	111	20	is	be	AUX
cjfa-56736	111	21	the	the	DET
cjfa-56736	111	22	period	period	NOUN
cjfa-56736	111	23	,	,	PUNCT
cjfa-56736	111	24	c	c	X
cjfa-56736	111	25	the	the	DET
cjfa-56736	111	26	constant	constant	ADJ
cjfa-56736	111	27	,	,	PUNCT
cjfa-56736	111	28	β1	β1	PROPN
cjfa-56736	111	29	,	,	PUNCT
cjfa-56736	111	30	β2	β2	NOUN
cjfa-56736	111	31	,	,	PUNCT
cjfa-56736	111	32	β3	β3	PROPN
cjfa-56736	111	33	,	,	PUNCT
cjfa-56736	111	34	β4	β4	PROPN
cjfa-56736	111	35	,	,	PUNCT
cjfa-56736	111	36	β5	β5	NOUN
cjfa-56736	111	37	and	and	CCONJ
cjfa-56736	111	38	β6	β6	PROPN
cjfa-56736	111	39	are	be	AUX
cjfa-56736	111	40	the	the	DET
cjfa-56736	111	41	estimated	estimate	VERB
cjfa-56736	111	42	coefficients	coefficient	NOUN
cjfa-56736	111	43	and	and	CCONJ
cjfa-56736	111	44	ε	ε	PROPN
cjfa-56736	111	45	is	be	AUX
cjfa-56736	111	46	the	the	DET
cjfa-56736	111	47	error	error	NOUN
cjfa-56736	111	48	term	term	NOUN
cjfa-56736	111	49	.	.	PUNCT
cjfa-56736	112	1	ico	ico	PROPN
cjfa-56736	112	2	performance	performance	NOUN
cjfa-56736	112	3	data	datum	NOUN
cjfa-56736	112	4	and	and	CCONJ
cjfa-56736	112	5	variables	variable	NOUN
cjfa-56736	112	6	data	data	VERB
cjfa-56736	112	7	the	the	DET
cjfa-56736	112	8	data	datum	NOUN
cjfa-56736	112	9	for	for	ADP
cjfa-56736	112	10	our	our	PRON
cjfa-56736	112	11	empirical	empirical	ADJ
cjfa-56736	112	12	analysis	analysis	NOUN
cjfa-56736	112	13	was	be	AUX
cjfa-56736	112	14	collected	collect	VERB
cjfa-56736	112	15	from	from	ADP
cjfa-56736	112	16	ico	ico	PROPN
cjfa-56736	112	17	marks	mark	VERB
cjfa-56736	112	18	sites	site	NOUN
cjfa-56736	112	19	that	that	PRON
cjfa-56736	112	20	form	form	VERB
cjfa-56736	112	21	our	our	PRON
cjfa-56736	112	22	3,498	3,498	NUM
cjfa-56736	112	23	icos	ico	NOUN
cjfa-56736	112	24	issued	issue	VERB
cjfa-56736	112	25	between	between	ADP
cjfa-56736	112	26	january	january	PROPN
cjfa-56736	112	27	2019	2019	NUM
cjfa-56736	112	28	and	and	CCONJ
cjfa-56736	112	29	december	december	PROPN
cjfa-56736	112	30	2023	2023	NUM
cjfa-56736	112	31	.	.	PUNCT
cjfa-56736	113	1	the	the	DET
cjfa-56736	113	2	data	datum	NOUN
cjfa-56736	113	3	we	we	PRON
cjfa-56736	113	4	've	have	AUX
cjfa-56736	113	5	gathered	gather	VERB
cjfa-56736	113	6	plays	play	NOUN
cjfa-56736	113	7	a	a	DET
cjfa-56736	113	8	vital	vital	ADJ
cjfa-56736	113	9	role	role	NOUN
cjfa-56736	113	10	in	in	ADP
cjfa-56736	113	11	allowing	allow	VERB
cjfa-56736	113	12	us	we	PRON
cjfa-56736	113	13	to	to	PART
cjfa-56736	113	14	dive	dive	VERB
cjfa-56736	113	15	deep	deep	ADV
cjfa-56736	113	16	into	into	ADP
cjfa-56736	113	17	the	the	DET
cjfa-56736	113	18	ico	ico	PROPN
cjfa-56736	113	19	landscape	landscape	NOUN
cjfa-56736	113	20	,	,	PUNCT
cjfa-56736	113	21	exploring	explore	VERB
cjfa-56736	113	22	it	it	PRON
cjfa-56736	113	23	from	from	ADP
cjfa-56736	113	24	a	a	DET
cjfa-56736	113	25	variety	variety	NOUN
cjfa-56736	113	26	of	of	ADP
cjfa-56736	113	27	perspectives	perspective	NOUN
cjfa-56736	113	28	.	.	PUNCT
cjfa-56736	114	1	our	our	PRON
cjfa-56736	114	2	data	data	NOUN
cjfa-56736	114	3	collection	collection	NOUN
cjfa-56736	114	4	is	be	AUX
cjfa-56736	114	5	like	like	ADP
cjfa-56736	114	6	a	a	DET
cjfa-56736	114	7	jigsaw	jigsaw	NOUN
cjfa-56736	114	8	puzzle	puzzle	NOUN
cjfa-56736	114	9	made	make	VERB
cjfa-56736	114	10	up	up	ADP
cjfa-56736	114	11	of	of	ADP
cjfa-56736	114	12	key	key	ADJ
cjfa-56736	114	13	elements	element	NOUN
cjfa-56736	114	14	,	,	PUNCT
cjfa-56736	114	15	each	each	PRON
cjfa-56736	114	16	of	of	ADP
cjfa-56736	114	17	which	which	PRON
cjfa-56736	114	18	is	be	AUX
cjfa-56736	114	19	crucial	crucial	ADJ
cjfa-56736	114	20	to	to	ADP
cjfa-56736	114	21	getting	get	VERB
cjfa-56736	114	22	the	the	DET
cjfa-56736	114	23	full	full	ADJ
cjfa-56736	114	24	picture	picture	NOUN
cjfa-56736	114	25	.	.	PUNCT
cjfa-56736	115	1	we	we	PRON
cjfa-56736	115	2	took	take	VERB
cjfa-56736	115	3	care	care	NOUN
cjfa-56736	115	4	to	to	PART
cjfa-56736	115	5	collect	collect	VERB
cjfa-56736	115	6	information	information	NOUN
cjfa-56736	115	7	on	on	ADP
cjfa-56736	115	8	early	early	ADJ
cjfa-56736	115	9	-	-	PUNCT
cjfa-56736	115	10	day	day	NOUN
cjfa-56736	115	11	returns	return	NOUN
cjfa-56736	115	12	,	,	PUNCT
cjfa-56736	115	13	which	which	PRON
cjfa-56736	115	14	gives	give	VERB
cjfa-56736	115	15	us	we	PRON
cjfa-56736	115	16	an	an	DET
cjfa-56736	115	17	insight	insight	NOUN
cjfa-56736	115	18	into	into	ADP
cjfa-56736	115	19	the	the	DET
cjfa-56736	115	20	initial	initial	ADJ
cjfa-56736	115	21	performance	performance	NOUN
cjfa-56736	115	22	of	of	ADP
cjfa-56736	115	23	icos	icos	PROPN
cjfa-56736	115	24	as	as	SCONJ
cjfa-56736	115	25	they	they	PRON
cjfa-56736	115	26	hit	hit	VERB
cjfa-56736	115	27	the	the	DET
cjfa-56736	115	28	market	market	NOUN
cjfa-56736	115	29	.	.	PUNCT
cjfa-56736	116	1	in	in	ADP
cjfa-56736	116	2	parallel	parallel	NOUN
cjfa-56736	116	3	,	,	PUNCT
cjfa-56736	116	4	we	we	PRON
cjfa-56736	116	5	also	also	ADV
cjfa-56736	116	6	scrutinized	scrutinize	VERB
cjfa-56736	116	7	launch	launch	NOUN
cjfa-56736	116	8	time	time	NOUN
cjfa-56736	116	9	and	and	CCONJ
cjfa-56736	116	10	any	any	DET
cjfa-56736	116	11	withdrawals	withdrawal	NOUN
cjfa-56736	116	12	,	,	PUNCT
cjfa-56736	116	13	which	which	PRON
cjfa-56736	116	14	helps	help	VERB
cjfa-56736	116	15	us	we	PRON
cjfa-56736	116	16	to	to	PART
cjfa-56736	116	17	understand	understand	VERB
cjfa-56736	116	18	how	how	SCONJ
cjfa-56736	116	19	timing	timing	NOUN
cjfa-56736	116	20	decisions	decision	NOUN
cjfa-56736	116	21	influence	influence	VERB
cjfa-56736	116	22	the	the	DET
cjfa-56736	116	23	dynamism	dynamism	NOUN
cjfa-56736	116	24	of	of	ADP
cjfa-56736	116	25	icos	icos	PROPN
cjfa-56736	116	26	.	.	PUNCT
cjfa-56736	117	1	to	to	PART
cjfa-56736	117	2	add	add	VERB
cjfa-56736	117	3	a	a	DET
cjfa-56736	117	4	complementary	complementary	ADJ
cjfa-56736	117	5	touch	touch	NOUN
cjfa-56736	117	6	,	,	PUNCT
cjfa-56736	117	7	we	we	PRON
cjfa-56736	117	8	also	also	ADV
cjfa-56736	117	9	assembled	assemble	VERB
cjfa-56736	117	10	a	a	DET
cjfa-56736	117	11	databank	databank	NOUN
cjfa-56736	117	12	of	of	ADP
cjfa-56736	117	13	gross	gross	PROPN
cjfa-56736	117	14	ico	ico	PROPN
cjfa-56736	117	15	proceeds	proceed	NOUN
cjfa-56736	117	16	and	and	CCONJ
cjfa-56736	117	17	nominal	nominal	ADJ
cjfa-56736	117	18	returns	return	NOUN
cjfa-56736	117	19	,	,	PUNCT
cjfa-56736	117	20	providing	provide	VERB
cjfa-56736	117	21	a	a	DET
cjfa-56736	117	22	perspective	perspective	NOUN
cjfa-56736	117	23	on	on	ADP
cjfa-56736	117	24	the	the	DET
cjfa-56736	117	25	size	size	NOUN
cjfa-56736	117	26	of	of	ADP
cjfa-56736	117	27	initial	initial	ADJ
cjfa-56736	117	28	funding	funding	NOUN
cjfa-56736	117	29	and	and	CCONJ
cjfa-56736	117	30	the	the	DET
cjfa-56736	117	31	long	long	ADJ
cjfa-56736	117	32	-	-	PUNCT
cjfa-56736	117	33	term	term	NOUN
cjfa-56736	117	34	evolution	evolution	NOUN
cjfa-56736	117	35	of	of	ADP
cjfa-56736	117	36	projects	project	NOUN
cjfa-56736	117	37	.	.	PUNCT
cjfa-56736	118	1	ico	ico	PROPN
cjfa-56736	118	2	performance	performance	NOUN
cjfa-56736	118	3	variables	variable	VERB
cjfa-56736	118	4	independent	independent	ADJ
cjfa-56736	118	5	variables	variable	NOUN
cjfa-56736	118	6	1	1	NUM
cjfa-56736	118	7	.	.	PUNCT
cjfa-56736	119	1	first	first	ADJ
cjfa-56736	119	2	-	-	PUNCT
cjfa-56736	119	3	day	day	NOUN
cjfa-56736	119	4	raw	raw	ADJ
cjfa-56736	119	5	return	return	NOUN
cjfa-56736	119	6	:	:	PUNCT
cjfa-56736	119	7	raw	raw	ADJ
cjfa-56736	119	8	returns	return	NOUN
cjfa-56736	119	9	refer	refer	VERB
cjfa-56736	119	10	to	to	ADP
cjfa-56736	119	11	the	the	DET
cjfa-56736	119	12	gains	gain	NOUN
cjfa-56736	119	13	or	or	CCONJ
cjfa-56736	119	14	losses	loss	NOUN
cjfa-56736	119	15	realized	realize	VERB
cjfa-56736	119	16	on	on	ADP
cjfa-56736	119	17	the	the	DET
cjfa-56736	119	18	first	first	ADJ
cjfa-56736	119	19	day	day	NOUN
cjfa-56736	119	20	of	of	ADP
cjfa-56736	119	21	(	(	PUNCT
cjfa-56736	119	22	5	5	NUM
cjfa-56736	119	23	)	)	PUNCT
cjfa-56736	119	24	models	model	NOUN
cjfa-56736	119	25	of	of	ADP
cjfa-56736	119	26	nominal	nominal	ADJ
cjfa-56736	119	27	return	return	NOUN
cjfa-56736	119	28	and	and	CCONJ
cjfa-56736	119	29	ico	ico	PROPN
cjfa-56736	119	30	gross	gross	ADJ
cjfa-56736	119	31	proceed	proceed	VERB
cjfa-56736	119	32	:	:	PUNCT
cjfa-56736	119	33	models	model	NOUN
cjfa-56736	119	34	of	of	ADP
cjfa-56736	119	35	nominal	nominal	ADJ
cjfa-56736	119	36	return	return	NOUN
cjfa-56736	119	37	and	and	CCONJ
cjfa-56736	119	38	ico	ico	PROPN
cjfa-56736	119	39	gross	gross	ADJ
cjfa-56736	119	40	proceed	proceed	VERB
cjfa-56736	119	41	:	:	PUNCT
cjfa-56736	119	42	methodology	methodology	VERB
cjfa-56736	119	43	our	our	PRON
cjfa-56736	119	44	data	data	NOUN
cjfa-56736	119	45	is	be	AUX
cjfa-56736	119	46	in	in	ADP
cjfa-56736	119	47	the	the	DET
cjfa-56736	119	48	form	form	NOUN
cjfa-56736	119	49	of	of	ADP
cjfa-56736	119	50	panel	panel	NOUN
cjfa-56736	119	51	data	datum	NOUN
cjfa-56736	119	52	,	,	PUNCT
cjfa-56736	119	53	we	we	PRON
cjfa-56736	119	54	try	try	VERB
cjfa-56736	119	55	to	to	PART
cjfa-56736	119	56	apply	apply	VERB
cjfa-56736	119	57	the	the	DET
cjfa-56736	119	58	fixed	fixed	ADJ
cjfa-56736	119	59	effect	effect	NOUN
cjfa-56736	119	60	or	or	CCONJ
cjfa-56736	119	61	the	the	DET
cjfa-56736	119	62	random	random	ADJ
cjfa-56736	119	63	effect	effect	NOUN
cjfa-56736	119	64	but	but	CCONJ
cjfa-56736	119	65	because	because	SCONJ
cjfa-56736	119	66	of	of	ADP
cjfa-56736	119	67	the	the	DET
cjfa-56736	119	68	data	datum	NOUN
cjfa-56736	119	69	we	we	PRON
cjfa-56736	119	70	find	find	VERB
cjfa-56736	119	71	we	we	PRON
cjfa-56736	119	72	are	be	AUX
cjfa-56736	119	73	obliged	oblige	VERB
cjfa-56736	119	74	to	to	PART
cjfa-56736	119	75	use	use	VERB
cjfa-56736	119	76	pool	pool	NOUN
cjfa-56736	119	77	data	datum	NOUN
cjfa-56736	119	78	.	.	PUNCT
cjfa-56736	120	1	during	during	ADP
cjfa-56736	120	2	the	the	DET
cjfa-56736	120	3	ico	ico	PROPN
cjfa-56736	120	4	(	(	PUNCT
cjfa-56736	120	5	ico	ico	PROPN
cjfa-56736	120	6	gross	gross	ADJ
cjfa-56736	120	7	proceed	proceed	VERB
cjfa-56736	120	8	)	)	PUNCT
cjfa-56736	120	9	and	and	CCONJ
cjfa-56736	120	10	the	the	DET
cjfa-56736	120	11	nominal	nominal	ADJ
cjfa-56736	120	12	return	return	NOUN
cjfa-56736	120	13	.	.	PUNCT
cjfa-56736	121	1	this	this	DET
cjfa-56736	121	2	approach	approach	NOUN
cjfa-56736	121	3	allows	allow	VERB
cjfa-56736	121	4	us	we	PRON
cjfa-56736	121	5	to	to	PART
cjfa-56736	121	6	probe	probe	VERB
cjfa-56736	121	7	how	how	SCONJ
cjfa-56736	121	8	the	the	DET
cjfa-56736	121	9	size	size	NOUN
cjfa-56736	121	10	of	of	ADP
cjfa-56736	121	11	the	the	DET
cjfa-56736	121	12	initial	initial	ADJ
cjfa-56736	121	13	funding	funding	NOUN
cjfa-56736	121	14	and	and	CCONJ
cjfa-56736	121	15	the	the	DET
cjfa-56736	121	16	nominal	nominal	ADJ
cjfa-56736	121	17	return	return	NOUN
cjfa-56736	121	18	influence	influence	NOUN
cjfa-56736	121	19	the	the	DET
cjfa-56736	121	20	performance	performance	NOUN
cjfa-56736	121	21	and	and	CCONJ
cjfa-56736	121	22	perception	perception	NOUN
cjfa-56736	121	23	of	of	ADP
cjfa-56736	121	24	icos	icos	PROPN
cjfa-56736	121	25	.	.	PUNCT
cjfa-56736	122	1	by	by	ADP
cjfa-56736	122	2	examining	examine	VERB
cjfa-56736	122	3	these	these	DET
cjfa-56736	122	4	different	different	ADJ
cjfa-56736	122	5	angles	angle	NOUN
cjfa-56736	122	6	,	,	PUNCT
cjfa-56736	122	7	we	we	PRON
cjfa-56736	122	8	hope	hope	VERB
cjfa-56736	122	9	to	to	PART
cjfa-56736	122	10	provide	provide	VERB
cjfa-56736	122	11	a	a	DET
cjfa-56736	122	12	comprehensive	comprehensive	ADJ
cjfa-56736	122	13	and	and	CCONJ
cjfa-56736	122	14	balanced	balanced	ADJ
cjfa-56736	122	15	view	view	NOUN
cjfa-56736	122	16	of	of	ADP
cjfa-56736	122	17	the	the	DET
cjfa-56736	122	18	factors	factor	NOUN
cjfa-56736	122	19	shaping	shape	VERB
cjfa-56736	122	20	the	the	DET
cjfa-56736	122	21	landscape	landscape	NOUN
cjfa-56736	122	22	of	of	ADP
cjfa-56736	122	23	icos	icos	PROPN
cjfa-56736	122	24	and	and	CCONJ
cjfa-56736	122	25	their	their	PRON
cjfa-56736	122	26	relevance	relevance	NOUN
cjfa-56736	122	27	in	in	ADP
cjfa-56736	122	28	the	the	DET
cjfa-56736	122	29	modern	modern	ADJ
cjfa-56736	122	30	economy	economy	NOUN
cjfa-56736	122	31	.	.	PUNCT
cjfa-56736	123	1	models	model	NOUN
cjfa-56736	123	2	of	of	ADP
cjfa-56736	123	3	first	first	ADJ
cjfa-56736	123	4	-	-	PUNCT
cjfa-56736	123	5	day	day	NOUN
cjfa-56736	123	6	returns	return	NOUN
cjfa-56736	123	7	:	:	PUNCT
cjfa-56736	123	8	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	123	9	�	�	PROPN
cjfa-56736	123	10	�	�	PROPN
cjfa-56736	123	11	�	�	PROPN
cjfa-56736	123	12	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	123	13	�	�	PROPN
cjfa-56736	123	14	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	123	15	�	�	PROPN
cjfa-56736	123	16	∗	∗	NOUN
cjfa-56736	123	17	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	124	2	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	3	20	20	NUM
cjfa-56736	124	4	�	�	PROPN
cjfa-56736	124	5	�	�	PROPN
cjfa-56736	124	6	�	�	PROPN
cjfa-56736	124	7	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	8	�	�	PROPN
cjfa-56736	124	9	∗	∗	NOUN
cjfa-56736	124	10	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	11	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	12	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	124	13	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	124	14	�	�	PROPN
cjfa-56736	124	15	�	�	PROPN
cjfa-56736	124	16	�	�	PROPN
cjfa-56736	124	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	18	�	�	PROPN
cjfa-56736	124	19	∗	∗	NOUN
cjfa-56736	124	20	𝐼𝐼	𝐼𝐼	PROPN
cjfa-56736	124	21	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	124	23	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	124	24	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	124	25	�	�	PROPN
cjfa-56736	124	26	�	�	PROPN
cjfa-56736	124	27	�	�	PROPN
cjfa-56736	124	28	�	�	PROPN
cjfa-56736	124	29	�	�	PROPN
cjfa-56736	124	30	�	�	PROPN
cjfa-56736	124	31	𝐸𝐸𝐸𝐸	𝐸𝐸𝐸𝐸	PROPN
cjfa-56736	124	32	�	�	PROPN
cjfa-56736	124	33	�	�	PROPN
cjfa-56736	124	34	�	�	PROPN
cjfa-56736	124	35	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	36	�	�	PROPN
cjfa-56736	124	37	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	38	�	�	PROPN
cjfa-56736	124	39	∗	∗	NOUN
cjfa-56736	124	40	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	124	41	�	�	PROPN
cjfa-56736	124	42	�	�	PROPN
cjfa-56736	124	43	�	�	PROPN
cjfa-56736	124	44	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	45	�	�	PROPN
cjfa-56736	124	46	∗	∗	NOUN
cjfa-56736	124	47	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	48	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	124	49	�	�	PROPN
cjfa-56736	124	50	�	�	PROPN
cjfa-56736	124	51	�	�	PROPN
cjfa-56736	124	52	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	53	�	�	PROPN
cjfa-56736	124	54	∗	∗	NOUN
cjfa-56736	124	55	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	56	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	124	57	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	124	58	�	�	PROPN
cjfa-56736	124	59	�	�	PROPN
cjfa-56736	124	60	�	�	PROPN
cjfa-56736	124	61	�	�	PROPN
cjfa-56736	124	62	�	�	PROPN
cjfa-56736	124	63	�	�	PROPN
cjfa-56736	124	64	(	(	PUNCT
cjfa-56736	124	65	2	2	NUM
cjfa-56736	124	66	)	)	PUNCT
cjfa-56736	124	67	𝑉𝑉𝐸𝐸	𝑉𝑉𝐸𝐸	PROPN
cjfa-56736	124	68	�	�	PROPN
cjfa-56736	124	69	�	�	PROPN
cjfa-56736	124	70	�	�	PROPN
cjfa-56736	124	71	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	72	�	�	PROPN
cjfa-56736	124	73	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	74	�	�	PROPN
cjfa-56736	124	75	∗	∗	NOUN
cjfa-56736	124	76	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	124	77	�	�	PROPN
cjfa-56736	124	78	�	�	PROPN
cjfa-56736	124	79	�	�	PROPN
cjfa-56736	124	80	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	81	�	�	PROPN
cjfa-56736	124	82	∗	∗	NOUN
cjfa-56736	124	83	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	84	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	124	85	�	�	PROPN
cjfa-56736	124	86	�	�	PROPN
cjfa-56736	124	87	�	�	PROPN
cjfa-56736	124	88	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	89	�	�	PROPN
cjfa-56736	124	90	∗	∗	NOUN
cjfa-56736	124	91	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	92	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	124	93	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	124	94	�	�	PROPN
cjfa-56736	124	95	�	�	PROPN
cjfa-56736	124	96	�	�	PROPN
cjfa-56736	124	97	�	�	PROPN
cjfa-56736	124	98	�	�	PROPN
cjfa-56736	124	99	�	�	PROPN
cjfa-56736	124	100	(	(	PUNCT
cjfa-56736	124	101	3	3	NUM
cjfa-56736	124	102	)	)	PUNCT
cjfa-56736	124	103	models	model	NOUN
cjfa-56736	124	104	of	of	ADP
cjfa-56736	124	105	time	time	NOUN
cjfa-56736	124	106	to	to	ADP
cjfa-56736	124	107	market	market	NOUN
cjfa-56736	124	108	and	and	CCONJ
cjfa-56736	124	109	delisting	delisting	NOUN
cjfa-56736	124	110	:	:	PUNCT
cjfa-56736	124	111	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	PROPN
cjfa-56736	124	112	𝑡𝑡𝐺𝐺	𝑡𝑡𝐺𝐺	NUM
cjfa-56736	124	113	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	NUM
cjfa-56736	124	114	�	�	PROPN
cjfa-56736	124	115	�	�	PROPN
cjfa-56736	124	116	�	�	PROPN
cjfa-56736	124	117	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	118	�	�	PROPN
cjfa-56736	124	119	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	120	�	�	PROPN
cjfa-56736	124	121	∗	∗	NOUN
cjfa-56736	124	122	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	124	123	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	124	124	�	�	PROPN
cjfa-56736	124	125	�	�	PROPN
cjfa-56736	124	126	�	�	PROPN
cjfa-56736	124	127	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	128	�	�	PROPN
cjfa-56736	124	129	∗	∗	NOUN
cjfa-56736	124	130	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	131	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	124	132	�	�	PROPN
cjfa-56736	124	133	�	�	PROPN
cjfa-56736	124	134	�	�	PROPN
cjfa-56736	124	135	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	136	�	�	PROPN
cjfa-56736	124	137	∗	∗	NOUN
cjfa-56736	124	138	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	124	139	�	�	PROPN
cjfa-56736	124	140	�	�	PROPN
cjfa-56736	124	141	�	�	PROPN
cjfa-56736	124	142	�	�	PROPN
cjfa-56736	124	143	�	�	PROPN
cjfa-56736	124	144	�	�	PROPN
cjfa-56736	124	145	(	(	PUNCT
cjfa-56736	124	146	4	4	NUM
cjfa-56736	124	147	)	)	PUNCT
cjfa-56736	124	148	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	PROPN
cjfa-56736	124	149	�	�	PROPN
cjfa-56736	124	150	�	�	PROPN
cjfa-56736	124	151	�	�	PROPN
cjfa-56736	124	152	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	153	�	�	PROPN
cjfa-56736	124	154	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	155	�	�	PROPN
cjfa-56736	124	156	∗	∗	NOUN
cjfa-56736	124	157	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	124	158	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	124	159	�	�	PROPN
cjfa-56736	124	160	�	�	PROPN
cjfa-56736	124	161	�	�	PROPN
cjfa-56736	124	162	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	163	�	�	PROPN
cjfa-56736	124	164	∗	∗	NOUN
cjfa-56736	124	165	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	166	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	124	167	�	�	PROPN
cjfa-56736	124	168	�	�	PROPN
cjfa-56736	124	169	�	�	PROPN
cjfa-56736	124	170	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	171	�	�	PROPN
cjfa-56736	124	172	∗	∗	NOUN
cjfa-56736	124	173	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	124	174	�	�	PROPN
cjfa-56736	124	175	�	�	PROPN
cjfa-56736	124	176	�	�	PROPN
cjfa-56736	124	177	�	�	PROPN
cjfa-56736	124	178	�	�	PROPN
cjfa-56736	124	179	�	�	PROPN
cjfa-56736	124	180	(	(	PUNCT
cjfa-56736	124	181	5	5	NUM
cjfa-56736	124	182	)	)	PUNCT
cjfa-56736	124	183	models	model	NOUN
cjfa-56736	124	184	of	of	ADP
cjfa-56736	124	185	nominal	nominal	ADJ
cjfa-56736	124	186	return	return	NOUN
cjfa-56736	124	187	and	and	CCONJ
cjfa-56736	124	188	ico	ico	PROPN
cjfa-56736	124	189	gross	gross	ADJ
cjfa-56736	124	190	proceed	proceed	VERB
cjfa-56736	124	191	:	:	PUNCT
cjfa-56736	124	192	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	ADJ
cjfa-56736	124	193	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	NOUN
cjfa-56736	124	194	�	�	PROPN
cjfa-56736	124	195	�	�	PROPN
cjfa-56736	124	196	�	�	PROPN
cjfa-56736	124	197	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	124	198	�	�	PROPN
cjfa-56736	124	199	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	200	�	�	PROPN
cjfa-56736	124	201	∗	∗	NOUN
cjfa-56736	124	202	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	124	203	�	�	PROPN
cjfa-56736	124	204	�	�	PROPN
cjfa-56736	124	205	�	�	PROPN
cjfa-56736	124	206	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	207	�	�	PROPN
cjfa-56736	124	208	∗	∗	NOUN
cjfa-56736	124	209	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	124	210	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	124	211	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	124	212	�	�	PROPN
cjfa-56736	124	213	�	�	PROPN
cjfa-56736	124	214	�	�	PROPN
cjfa-56736	124	215	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	216	�	�	PROPN
cjfa-56736	124	217	∗	∗	NOUN
cjfa-56736	124	218	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	124	219	�	�	PROPN
cjfa-56736	124	220	�	�	PROPN
cjfa-56736	124	221	�	�	PROPN
cjfa-56736	124	222	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	223	�	�	PROPN
cjfa-56736	124	224	∗	∗	PROPN
cjfa-56736	124	225	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	124	226	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	124	227	�	�	PROPN
cjfa-56736	124	228	�	�	PROPN
cjfa-56736	124	229	�	�	PROPN
cjfa-56736	124	230	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	124	231	�	�	PROPN
cjfa-56736	124	232	∗	∗	NOUN
cjfa-56736	124	233	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	125	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	125	2	�	�	PROPN
cjfa-56736	125	3	�	�	PROPN
cjfa-56736	125	4	�	�	PROPN
cjfa-56736	125	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	125	6	�	�	PROPN
cjfa-56736	125	7	∗	∗	NOUN
cjfa-56736	125	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	126	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	126	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	126	3	�	�	PROPN
cjfa-56736	126	4	�	�	PROPN
cjfa-56736	126	5	�	�	PROPN
cjfa-56736	126	6	�	�	PROPN
cjfa-56736	126	7	�	�	PROPN
cjfa-56736	126	8	�	�	PROPN
cjfa-56736	126	9	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	ADV
cjfa-56736	126	10	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	126	11	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	126	12	�	�	PROPN
cjfa-56736	126	13	�	�	PROPN
cjfa-56736	126	14	�	�	PROPN
cjfa-56736	126	15	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	126	16	�	�	PROPN
cjfa-56736	126	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	126	18	�	�	PROPN
cjfa-56736	126	19	∗	∗	NOUN
cjfa-56736	126	20	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	126	21	�	�	PROPN
cjfa-56736	126	22	�	�	PROPN
cjfa-56736	126	23	�	�	PROPN
cjfa-56736	126	24	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	126	25	�	�	PROPN
cjfa-56736	126	26	∗	∗	NOUN
cjfa-56736	126	27	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	126	28	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	126	29	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	126	30	�	�	PROPN
cjfa-56736	126	31	�	�	PROPN
cjfa-56736	126	32	�	�	PROPN
cjfa-56736	126	33	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	126	34	�	�	PROPN
cjfa-56736	126	35	∗	∗	NOUN
cjfa-56736	126	36	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	126	37	�	�	PROPN
cjfa-56736	126	38	�	�	PROPN
cjfa-56736	126	39	�	�	PROPN
cjfa-56736	126	40	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	126	41	�	�	PROPN
cjfa-56736	126	42	∗	∗	PROPN
cjfa-56736	126	43	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	126	44	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	126	45	�	�	PROPN
cjfa-56736	126	46	�	�	PROPN
cjfa-56736	126	47	�	�	PROPN
cjfa-56736	126	48	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	126	49	�	�	PROPN
cjfa-56736	126	50	∗	∗	NOUN
cjfa-56736	126	51	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	127	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	127	2	�	�	PROPN
cjfa-56736	127	3	�	�	PROPN
cjfa-56736	127	4	�	�	PROPN
cjfa-56736	127	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	127	6	�	�	PROPN
cjfa-56736	127	7	∗	∗	NOUN
cjfa-56736	127	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	128	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	128	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	128	3	�	�	PROPN
cjfa-56736	128	4	�	�	PROPN
cjfa-56736	128	5	�	�	PROPN
cjfa-56736	128	6	�	�	PROPN
cjfa-56736	128	7	�	�	PROPN
cjfa-56736	128	8	�	�	PROPN
cjfa-56736	128	9	(	(	PUNCT
cjfa-56736	128	10	7	7	NUM
cjfa-56736	128	11	)	)	PUNCT
cjfa-56736	128	12	with	with	ADP
cjfa-56736	128	13	i	i	PRON
cjfa-56736	128	14	is	be	AUX
cjfa-56736	128	15	a	a	DET
cjfa-56736	128	16	particular	particular	ADJ
cjfa-56736	128	17	ico	ico	PROPN
cjfa-56736	128	18	token	token	VERB
cjfa-56736	128	19	t	t	PROPN
cjfa-56736	128	20	is	be	AUX
cjfa-56736	128	21	the	the	DET
cjfa-56736	128	22	period	period	NOUN
cjfa-56736	128	23	,	,	PUNCT
cjfa-56736	128	24	c	c	X
cjfa-56736	128	25	the	the	DET
cjfa-56736	128	26	constant	constant	ADJ
cjfa-56736	128	27	,	,	PUNCT
cjfa-56736	128	28	β1	β1	PROPN
cjfa-56736	128	29	,	,	PUNCT
cjfa-56736	128	30	β2	β2	NOUN
cjfa-56736	128	31	,	,	PUNCT
cjfa-56736	128	32	β3	β3	PROPN
cjfa-56736	128	33	,	,	PUNCT
cjfa-56736	128	34	β4	β4	PROPN
cjfa-56736	128	35	,	,	PUNCT
cjfa-56736	128	36	β5	β5	NOUN
cjfa-56736	128	37	and	and	CCONJ
cjfa-56736	128	38	β6	β6	PROPN
cjfa-56736	128	39	are	be	AUX
cjfa-56736	128	40	the	the	DET
cjfa-56736	128	41	estimated	estimate	VERB
cjfa-56736	128	42	coefficients	coefficient	NOUN
cjfa-56736	128	43	and	and	CCONJ
cjfa-56736	128	44	ε	ε	PROPN
cjfa-56736	128	45	is	be	AUX
cjfa-56736	128	46	the	the	DET
cjfa-56736	128	47	error	error	NOUN
cjfa-56736	128	48	term	term	NOUN
cjfa-56736	128	49	.	.	PUNCT
cjfa-56736	129	1	(	(	PUNCT
cjfa-56736	129	2	6	6	NUM
cjfa-56736	129	3	)	)	PUNCT
cjfa-56736	129	4	methodology	methodology	NOUN
cjfa-56736	129	5	our	our	PRON
cjfa-56736	129	6	data	data	NOUN
cjfa-56736	129	7	is	be	AUX
cjfa-56736	129	8	in	in	ADP
cjfa-56736	129	9	the	the	DET
cjfa-56736	129	10	form	form	NOUN
cjfa-56736	129	11	of	of	ADP
cjfa-56736	129	12	panel	panel	NOUN
cjfa-56736	129	13	data	datum	NOUN
cjfa-56736	129	14	,	,	PUNCT
cjfa-56736	129	15	we	we	PRON
cjfa-56736	129	16	try	try	VERB
cjfa-56736	129	17	to	to	PART
cjfa-56736	129	18	apply	apply	VERB
cjfa-56736	129	19	the	the	DET
cjfa-56736	129	20	fixed	fixed	ADJ
cjfa-56736	129	21	effect	effect	NOUN
cjfa-56736	129	22	or	or	CCONJ
cjfa-56736	129	23	the	the	DET
cjfa-56736	129	24	random	random	ADJ
cjfa-56736	129	25	effect	effect	NOUN
cjfa-56736	129	26	but	but	CCONJ
cjfa-56736	129	27	because	because	SCONJ
cjfa-56736	129	28	of	of	ADP
cjfa-56736	129	29	the	the	DET
cjfa-56736	129	30	data	datum	NOUN
cjfa-56736	129	31	we	we	PRON
cjfa-56736	129	32	find	find	VERB
cjfa-56736	129	33	we	we	PRON
cjfa-56736	129	34	are	be	AUX
cjfa-56736	129	35	obliged	oblige	VERB
cjfa-56736	129	36	to	to	PART
cjfa-56736	129	37	use	use	VERB
cjfa-56736	129	38	pool	pool	NOUN
cjfa-56736	129	39	data	datum	NOUN
cjfa-56736	129	40	.	.	PUNCT
cjfa-56736	130	1	during	during	ADP
cjfa-56736	130	2	the	the	DET
cjfa-56736	130	3	ico	ico	PROPN
cjfa-56736	130	4	(	(	PUNCT
cjfa-56736	130	5	ico	ico	PROPN
cjfa-56736	130	6	gross	gross	ADJ
cjfa-56736	130	7	proceed	proceed	VERB
cjfa-56736	130	8	)	)	PUNCT
cjfa-56736	130	9	and	and	CCONJ
cjfa-56736	130	10	the	the	DET
cjfa-56736	130	11	nominal	nominal	ADJ
cjfa-56736	130	12	return	return	NOUN
cjfa-56736	130	13	.	.	PUNCT
cjfa-56736	131	1	this	this	DET
cjfa-56736	131	2	approach	approach	NOUN
cjfa-56736	131	3	allows	allow	VERB
cjfa-56736	131	4	us	we	PRON
cjfa-56736	131	5	to	to	PART
cjfa-56736	131	6	probe	probe	VERB
cjfa-56736	131	7	how	how	SCONJ
cjfa-56736	131	8	the	the	DET
cjfa-56736	131	9	size	size	NOUN
cjfa-56736	131	10	of	of	ADP
cjfa-56736	131	11	the	the	DET
cjfa-56736	131	12	initial	initial	ADJ
cjfa-56736	131	13	funding	funding	NOUN
cjfa-56736	131	14	and	and	CCONJ
cjfa-56736	131	15	the	the	DET
cjfa-56736	131	16	nominal	nominal	ADJ
cjfa-56736	131	17	return	return	NOUN
cjfa-56736	131	18	influence	influence	NOUN
cjfa-56736	131	19	the	the	DET
cjfa-56736	131	20	performance	performance	NOUN
cjfa-56736	131	21	and	and	CCONJ
cjfa-56736	131	22	perception	perception	NOUN
cjfa-56736	131	23	of	of	ADP
cjfa-56736	131	24	icos	icos	PROPN
cjfa-56736	131	25	.	.	PUNCT
cjfa-56736	132	1	by	by	ADP
cjfa-56736	132	2	examining	examine	VERB
cjfa-56736	132	3	these	these	DET
cjfa-56736	132	4	different	different	ADJ
cjfa-56736	132	5	angles	angle	NOUN
cjfa-56736	132	6	,	,	PUNCT
cjfa-56736	132	7	we	we	PRON
cjfa-56736	132	8	hope	hope	VERB
cjfa-56736	132	9	to	to	PART
cjfa-56736	132	10	provide	provide	VERB
cjfa-56736	132	11	a	a	DET
cjfa-56736	132	12	comprehensive	comprehensive	ADJ
cjfa-56736	132	13	and	and	CCONJ
cjfa-56736	132	14	balanced	balanced	ADJ
cjfa-56736	132	15	view	view	NOUN
cjfa-56736	132	16	of	of	ADP
cjfa-56736	132	17	the	the	DET
cjfa-56736	132	18	factors	factor	NOUN
cjfa-56736	132	19	shaping	shape	VERB
cjfa-56736	132	20	the	the	DET
cjfa-56736	132	21	landscape	landscape	NOUN
cjfa-56736	132	22	of	of	ADP
cjfa-56736	132	23	icos	icos	PROPN
cjfa-56736	132	24	and	and	CCONJ
cjfa-56736	132	25	their	their	PRON
cjfa-56736	132	26	relevance	relevance	NOUN
cjfa-56736	132	27	in	in	ADP
cjfa-56736	132	28	the	the	DET
cjfa-56736	132	29	modern	modern	ADJ
cjfa-56736	132	30	economy	economy	NOUN
cjfa-56736	132	31	.	.	PUNCT
cjfa-56736	133	1	models	model	NOUN
cjfa-56736	133	2	of	of	ADP
cjfa-56736	133	3	first	first	ADJ
cjfa-56736	133	4	-	-	PUNCT
cjfa-56736	133	5	day	day	NOUN
cjfa-56736	133	6	returns	return	NOUN
cjfa-56736	133	7	:	:	PUNCT
cjfa-56736	133	8	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	133	9	�	�	PROPN
cjfa-56736	133	10	�	�	PROPN
cjfa-56736	133	11	�	�	PROPN
cjfa-56736	133	12	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	133	13	�	�	PROPN
cjfa-56736	133	14	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	133	15	�	�	PROPN
cjfa-56736	133	16	∗	∗	NOUN
cjfa-56736	133	17	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	134	2	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	3	20	20	NUM
cjfa-56736	134	4	�	�	PROPN
cjfa-56736	134	5	�	�	PROPN
cjfa-56736	134	6	�	�	PROPN
cjfa-56736	134	7	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	8	�	�	PROPN
cjfa-56736	134	9	∗	∗	NOUN
cjfa-56736	134	10	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	11	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	12	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	134	13	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	134	14	�	�	PROPN
cjfa-56736	134	15	�	�	PROPN
cjfa-56736	134	16	�	�	PROPN
cjfa-56736	134	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	18	�	�	PROPN
cjfa-56736	134	19	∗	∗	NOUN
cjfa-56736	134	20	𝐼𝐼	𝐼𝐼	PROPN
cjfa-56736	134	21	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	22	𝐶𝐶	𝐶𝐶	PROPN
cjfa-56736	134	23	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	134	24	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	134	25	�	�	PROPN
cjfa-56736	134	26	�	�	PROPN
cjfa-56736	134	27	�	�	PROPN
cjfa-56736	134	28	�	�	PROPN
cjfa-56736	134	29	�	�	PROPN
cjfa-56736	134	30	�	�	PROPN
cjfa-56736	134	31	𝐸𝐸𝐸𝐸	𝐸𝐸𝐸𝐸	PROPN
cjfa-56736	134	32	�	�	PROPN
cjfa-56736	134	33	�	�	PROPN
cjfa-56736	134	34	�	�	PROPN
cjfa-56736	134	35	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	36	�	�	PROPN
cjfa-56736	134	37	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	38	�	�	PROPN
cjfa-56736	134	39	∗	∗	NOUN
cjfa-56736	134	40	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	134	41	�	�	PROPN
cjfa-56736	134	42	�	�	PROPN
cjfa-56736	134	43	�	�	PROPN
cjfa-56736	134	44	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	45	�	�	PROPN
cjfa-56736	134	46	∗	∗	NOUN
cjfa-56736	134	47	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	48	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	134	49	�	�	PROPN
cjfa-56736	134	50	�	�	PROPN
cjfa-56736	134	51	�	�	PROPN
cjfa-56736	134	52	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	53	�	�	PROPN
cjfa-56736	134	54	∗	∗	NOUN
cjfa-56736	134	55	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	56	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	134	57	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	134	58	�	�	PROPN
cjfa-56736	134	59	�	�	PROPN
cjfa-56736	134	60	�	�	PROPN
cjfa-56736	134	61	�	�	PROPN
cjfa-56736	134	62	�	�	PROPN
cjfa-56736	134	63	�	�	PROPN
cjfa-56736	134	64	(	(	PUNCT
cjfa-56736	134	65	2	2	NUM
cjfa-56736	134	66	)	)	PUNCT
cjfa-56736	134	67	𝑉𝑉𝐸𝐸	𝑉𝑉𝐸𝐸	PROPN
cjfa-56736	134	68	�	�	PROPN
cjfa-56736	134	69	�	�	PROPN
cjfa-56736	134	70	�	�	PROPN
cjfa-56736	134	71	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	72	�	�	PROPN
cjfa-56736	134	73	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	74	�	�	PROPN
cjfa-56736	134	75	∗	∗	NOUN
cjfa-56736	134	76	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	134	77	�	�	PROPN
cjfa-56736	134	78	�	�	PROPN
cjfa-56736	134	79	�	�	PROPN
cjfa-56736	134	80	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	81	�	�	PROPN
cjfa-56736	134	82	∗	∗	NOUN
cjfa-56736	134	83	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	84	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	134	85	�	�	PROPN
cjfa-56736	134	86	�	�	PROPN
cjfa-56736	134	87	�	�	PROPN
cjfa-56736	134	88	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	89	�	�	PROPN
cjfa-56736	134	90	∗	∗	NOUN
cjfa-56736	134	91	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	92	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	134	93	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	134	94	�	�	PROPN
cjfa-56736	134	95	�	�	PROPN
cjfa-56736	134	96	�	�	PROPN
cjfa-56736	134	97	�	�	PROPN
cjfa-56736	134	98	�	�	PROPN
cjfa-56736	134	99	�	�	PROPN
cjfa-56736	134	100	(	(	PUNCT
cjfa-56736	134	101	3	3	NUM
cjfa-56736	134	102	)	)	PUNCT
cjfa-56736	134	103	models	model	NOUN
cjfa-56736	134	104	of	of	ADP
cjfa-56736	134	105	time	time	NOUN
cjfa-56736	134	106	to	to	ADP
cjfa-56736	134	107	market	market	NOUN
cjfa-56736	134	108	and	and	CCONJ
cjfa-56736	134	109	delisting	delisting	NOUN
cjfa-56736	134	110	:	:	PUNCT
cjfa-56736	134	111	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	𝑇𝑇𝑇𝑇𝑇𝑇𝐿𝐿	PROPN
cjfa-56736	134	112	𝑡𝑡𝐺𝐺	𝑡𝑡𝐺𝐺	NUM
cjfa-56736	134	113	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	𝑇𝑇𝐿𝐿𝐺𝐺𝑚𝑚𝐿𝐿𝑡𝑡	NUM
cjfa-56736	134	114	�	�	PROPN
cjfa-56736	134	115	�	�	PROPN
cjfa-56736	134	116	�	�	PROPN
cjfa-56736	134	117	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	118	�	�	PROPN
cjfa-56736	134	119	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	120	�	�	PROPN
cjfa-56736	134	121	∗	∗	NOUN
cjfa-56736	134	122	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	134	123	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	134	124	�	�	PROPN
cjfa-56736	134	125	�	�	PROPN
cjfa-56736	134	126	�	�	PROPN
cjfa-56736	134	127	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	128	�	�	PROPN
cjfa-56736	134	129	∗	∗	NOUN
cjfa-56736	134	130	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	131	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	134	132	�	�	PROPN
cjfa-56736	134	133	�	�	PROPN
cjfa-56736	134	134	�	�	PROPN
cjfa-56736	134	135	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	136	�	�	PROPN
cjfa-56736	134	137	∗	∗	NOUN
cjfa-56736	134	138	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	134	139	�	�	PROPN
cjfa-56736	134	140	�	�	PROPN
cjfa-56736	134	141	�	�	PROPN
cjfa-56736	134	142	�	�	PROPN
cjfa-56736	134	143	�	�	PROPN
cjfa-56736	134	144	�	�	PROPN
cjfa-56736	134	145	(	(	PUNCT
cjfa-56736	134	146	4	4	NUM
cjfa-56736	134	147	)	)	PUNCT
cjfa-56736	134	148	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	𝐷𝐷𝐿𝐿𝐷𝐷𝑇𝑇𝐺𝐺𝑡𝑡𝑇𝑇𝐷𝐷𝐿𝐿	PROPN
cjfa-56736	134	149	�	�	PROPN
cjfa-56736	134	150	�	�	PROPN
cjfa-56736	134	151	�	�	PROPN
cjfa-56736	134	152	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	153	�	�	PROPN
cjfa-56736	134	154	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	155	�	�	PROPN
cjfa-56736	134	156	∗	∗	NOUN
cjfa-56736	134	157	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	𝑇𝑇𝐿𝐿𝐿𝐿𝑇𝑇	PROPN
cjfa-56736	134	158	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	𝑆𝑆𝑇𝑇𝑆𝑆𝐿𝐿	PROPN
cjfa-56736	134	159	�	�	PROPN
cjfa-56736	134	160	�	�	PROPN
cjfa-56736	134	161	�	�	PROPN
cjfa-56736	134	162	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	163	�	�	PROPN
cjfa-56736	134	164	∗	∗	NOUN
cjfa-56736	134	165	𝐸𝐸𝐸𝐸𝐶𝐶	𝐸𝐸𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	166	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿𝐿	PROPN
cjfa-56736	134	167	�	�	PROPN
cjfa-56736	134	168	�	�	PROPN
cjfa-56736	134	169	�	�	PROPN
cjfa-56736	134	170	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	171	�	�	PROPN
cjfa-56736	134	172	∗	∗	NOUN
cjfa-56736	134	173	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	134	174	�	�	PROPN
cjfa-56736	134	175	�	�	PROPN
cjfa-56736	134	176	�	�	PROPN
cjfa-56736	134	177	�	�	PROPN
cjfa-56736	134	178	�	�	PROPN
cjfa-56736	134	179	�	�	PROPN
cjfa-56736	134	180	(	(	PUNCT
cjfa-56736	134	181	5	5	NUM
cjfa-56736	134	182	)	)	PUNCT
cjfa-56736	134	183	models	model	NOUN
cjfa-56736	134	184	of	of	ADP
cjfa-56736	134	185	nominal	nominal	ADJ
cjfa-56736	134	186	return	return	NOUN
cjfa-56736	134	187	and	and	CCONJ
cjfa-56736	134	188	ico	ico	PROPN
cjfa-56736	134	189	gross	gross	ADJ
cjfa-56736	134	190	proceed	proceed	VERB
cjfa-56736	134	191	:	:	PUNCT
cjfa-56736	134	192	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	𝑁𝑁𝐺𝐺𝑇𝑇𝑇𝑇𝐷𝐷𝐿𝐿𝐷𝐷	ADJ
cjfa-56736	134	193	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝑡𝑡𝑅𝑅𝐺𝐺𝐷𝐷	NOUN
cjfa-56736	134	194	�	�	PROPN
cjfa-56736	134	195	�	�	PROPN
cjfa-56736	134	196	�	�	PROPN
cjfa-56736	134	197	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	134	198	�	�	PROPN
cjfa-56736	134	199	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	200	�	�	PROPN
cjfa-56736	134	201	∗	∗	NOUN
cjfa-56736	134	202	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	134	203	�	�	PROPN
cjfa-56736	134	204	�	�	PROPN
cjfa-56736	134	205	�	�	PROPN
cjfa-56736	134	206	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	207	�	�	PROPN
cjfa-56736	134	208	∗	∗	NOUN
cjfa-56736	134	209	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	134	210	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	134	211	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	134	212	�	�	PROPN
cjfa-56736	134	213	�	�	PROPN
cjfa-56736	134	214	�	�	PROPN
cjfa-56736	134	215	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	216	�	�	PROPN
cjfa-56736	134	217	∗	∗	NOUN
cjfa-56736	134	218	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	134	219	�	�	PROPN
cjfa-56736	134	220	�	�	PROPN
cjfa-56736	134	221	�	�	PROPN
cjfa-56736	134	222	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	223	�	�	PROPN
cjfa-56736	134	224	∗	∗	PROPN
cjfa-56736	134	225	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	134	226	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	134	227	�	�	PROPN
cjfa-56736	134	228	�	�	PROPN
cjfa-56736	134	229	�	�	PROPN
cjfa-56736	134	230	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	134	231	�	�	PROPN
cjfa-56736	134	232	∗	∗	NOUN
cjfa-56736	134	233	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	135	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	135	2	�	�	PROPN
cjfa-56736	135	3	�	�	PROPN
cjfa-56736	135	4	�	�	PROPN
cjfa-56736	135	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	135	6	�	�	PROPN
cjfa-56736	135	7	∗	∗	NOUN
cjfa-56736	135	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	136	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	136	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	136	3	�	�	PROPN
cjfa-56736	136	4	�	�	PROPN
cjfa-56736	136	5	�	�	PROPN
cjfa-56736	136	6	�	�	PROPN
cjfa-56736	136	7	�	�	PROPN
cjfa-56736	136	8	�	�	PROPN
cjfa-56736	136	9	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	𝐿𝐿𝐼𝐼𝐸𝐸𝐶𝐶	ADV
cjfa-56736	136	10	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	136	11	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	136	12	�	�	PROPN
cjfa-56736	136	13	�	�	PROPN
cjfa-56736	136	14	�	�	PROPN
cjfa-56736	136	15	𝐸𝐸	𝐸𝐸	PROPN
cjfa-56736	136	16	�	�	PROPN
cjfa-56736	136	17	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	136	18	�	�	PROPN
cjfa-56736	136	19	∗	∗	NOUN
cjfa-56736	136	20	𝐾𝐾𝐾𝐾𝐸𝐸	𝐾𝐾𝐾𝐾𝐸𝐸	PROPN
cjfa-56736	136	21	�	�	PROPN
cjfa-56736	136	22	�	�	PROPN
cjfa-56736	136	23	�	�	PROPN
cjfa-56736	136	24	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	136	25	�	�	PROPN
cjfa-56736	136	26	∗	∗	NOUN
cjfa-56736	136	27	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	136	28	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	136	29	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	𝑃𝑃𝐺𝐺𝐺𝐺𝐿𝐿𝐿𝐿𝐿𝐿𝑟𝑟	PROPN
cjfa-56736	136	30	�	�	PROPN
cjfa-56736	136	31	�	�	PROPN
cjfa-56736	136	32	�	�	PROPN
cjfa-56736	136	33	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	136	34	�	�	PROPN
cjfa-56736	136	35	∗	∗	NOUN
cjfa-56736	136	36	𝐸𝐸𝑅𝑅𝐸𝐸20	𝐸𝐸𝑅𝑅𝐸𝐸20	NUM
cjfa-56736	136	37	�	�	PROPN
cjfa-56736	136	38	�	�	PROPN
cjfa-56736	136	39	�	�	PROPN
cjfa-56736	136	40	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	136	41	�	�	PROPN
cjfa-56736	136	42	∗	∗	PROPN
cjfa-56736	136	43	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	𝑀𝑀𝐿𝐿𝑀𝑀𝐺𝐺𝐺𝐺	PROPN
cjfa-56736	136	44	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	𝐸𝐸𝐺𝐺𝐿𝐿𝐶𝐶𝑡𝑡𝐺𝐺𝐿𝐿𝑅𝑅𝐺𝐺𝐺𝐺𝐿𝐿𝐷𝐷𝐿𝐿𝑇𝑇𝐿𝐿𝐺𝐺	PROPN
cjfa-56736	136	45	�	�	PROPN
cjfa-56736	136	46	�	�	PROPN
cjfa-56736	136	47	�	�	PROPN
cjfa-56736	136	48	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	136	49	�	�	PROPN
cjfa-56736	136	50	∗	∗	NOUN
cjfa-56736	136	51	𝐼𝐼𝐸𝐸𝐶𝐶	𝐼𝐼𝐸𝐸𝐶𝐶	PROPN
cjfa-56736	137	1	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝐷𝐷𝑅𝑅𝐺𝐺𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	137	2	�	�	PROPN
cjfa-56736	137	3	�	�	PROPN
cjfa-56736	137	4	�	�	PROPN
cjfa-56736	137	5	𝛽𝛽	𝛽𝛽	ADP
cjfa-56736	137	6	�	�	PROPN
cjfa-56736	137	7	∗	∗	NOUN
cjfa-56736	137	8	𝑈𝑈.	𝑈𝑈.	X
cjfa-56736	138	1	𝑆𝑆.𝐴𝐴	𝑆𝑆.𝐴𝐴	PROPN
cjfa-56736	138	2	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	𝑅𝑅𝐿𝐿𝐺𝐺𝑡𝑡𝐺𝐺𝑇𝑇𝐿𝐿𝑡𝑡𝑇𝑇𝐺𝐺𝐷𝐷	PROPN
cjfa-56736	138	3	�	�	PROPN
cjfa-56736	138	4	�	�	PROPN
cjfa-56736	138	5	�	�	PROPN
cjfa-56736	138	6	�	�	PROPN
cjfa-56736	138	7	�	�	PROPN
cjfa-56736	138	8	�	�	PROPN
cjfa-56736	138	9	(	(	PUNCT
cjfa-56736	138	10	7	7	NUM
cjfa-56736	138	11	)	)	PUNCT
cjfa-56736	138	12	with	with	ADP
cjfa-56736	138	13	i	i	PRON
cjfa-56736	138	14	is	be	AUX
cjfa-56736	138	15	a	a	DET
cjfa-56736	138	16	particular	particular	ADJ
cjfa-56736	138	17	ico	ico	PROPN
cjfa-56736	138	18	token	token	VERB
cjfa-56736	138	19	t	t	PROPN
cjfa-56736	138	20	is	be	AUX
cjfa-56736	138	21	the	the	DET
cjfa-56736	138	22	period	period	NOUN
cjfa-56736	138	23	,	,	PUNCT
cjfa-56736	138	24	c	c	X
cjfa-56736	138	25	the	the	DET
cjfa-56736	138	26	constant	constant	ADJ
cjfa-56736	138	27	,	,	PUNCT
cjfa-56736	138	28	β1	β1	PROPN
cjfa-56736	138	29	,	,	PUNCT
cjfa-56736	138	30	β2	β2	NOUN
cjfa-56736	138	31	,	,	PUNCT
cjfa-56736	138	32	β3	β3	PROPN
cjfa-56736	138	33	,	,	PUNCT
cjfa-56736	138	34	β4	β4	PROPN
cjfa-56736	138	35	,	,	PUNCT
cjfa-56736	138	36	β5	β5	NOUN
cjfa-56736	138	37	and	and	CCONJ
cjfa-56736	138	38	β6	β6	PROPN
cjfa-56736	138	39	are	be	AUX
cjfa-56736	138	40	the	the	DET
cjfa-56736	138	41	estimated	estimate	VERB
cjfa-56736	138	42	coefficients	coefficient	NOUN
cjfa-56736	138	43	and	and	CCONJ
cjfa-56736	138	44	ε	ε	PROPN
cjfa-56736	138	45	is	be	AUX
cjfa-56736	138	46	the	the	DET
cjfa-56736	138	47	error	error	NOUN
cjfa-56736	138	48	term	term	NOUN
cjfa-56736	138	49	.	.	PUNCT
cjfa-56736	139	1	(	(	PUNCT
cjfa-56736	139	2	7	7	X
cjfa-56736	139	3	)	)	PUNCT
cjfa-56736	139	4	with	with	ADP
cjfa-56736	139	5	i	i	PRON
cjfa-56736	139	6	is	be	AUX
cjfa-56736	139	7	a	a	DET
cjfa-56736	139	8	particular	particular	ADJ
cjfa-56736	139	9	ico	ico	PROPN
cjfa-56736	139	10	token	token	VERB
cjfa-56736	139	11	t	t	PROPN
cjfa-56736	139	12	is	be	AUX
cjfa-56736	139	13	the	the	DET
cjfa-56736	139	14	period	period	NOUN
cjfa-56736	139	15	,	,	PUNCT
cjfa-56736	139	16	c	c	X
cjfa-56736	139	17	the	the	DET
cjfa-56736	139	18	constant	constant	ADJ
cjfa-56736	139	19	,	,	PUNCT
cjfa-56736	139	20	β1	β1	PROPN
cjfa-56736	139	21	,	,	PUNCT
cjfa-56736	139	22	β2	β2	NOUN
cjfa-56736	139	23	,	,	PUNCT
cjfa-56736	139	24	β3	β3	PROPN
cjfa-56736	139	25	,	,	PUNCT
cjfa-56736	139	26	β4	β4	PROPN
cjfa-56736	139	27	,	,	PUNCT
cjfa-56736	139	28	β5	β5	NOUN
cjfa-56736	139	29	and	and	CCONJ
cjfa-56736	139	30	β6	β6	PROPN
cjfa-56736	139	31	are	be	AUX
cjfa-56736	139	32	the	the	DET
cjfa-56736	139	33	estimated	estimate	VERB
cjfa-56736	139	34	coefficients	coefficient	NOUN
cjfa-56736	139	35	and	and	CCONJ
cjfa-56736	139	36	ε	ε	PROPN
cjfa-56736	139	37	is	be	AUX
cjfa-56736	139	38	the	the	DET
cjfa-56736	139	39	error	error	NOUN
cjfa-56736	139	40	term	term	NOUN
cjfa-56736	139	41	.	.	PUNCT
cjfa-56736	140	1	ico	ico	PROPN
cjfa-56736	140	2	performance	performance	NOUN
cjfa-56736	140	3	data	datum	NOUN
cjfa-56736	140	4	and	and	CCONJ
cjfa-56736	140	5	variablesico	variablesico	NOUN
cjfa-56736	140	6	performance	performance	NOUN
cjfa-56736	140	7	data	datum	NOUN
cjfa-56736	140	8	and	and	CCONJ
cjfa-56736	140	9	variables	variable	NOUN
cjfa-56736	140	10	datadata	datadata	VERB
cjfa-56736	140	11	the	the	DET
cjfa-56736	140	12	data	datum	NOUN
cjfa-56736	140	13	for	for	ADP
cjfa-56736	140	14	our	our	PRON
cjfa-56736	140	15	empirical	empirical	ADJ
cjfa-56736	140	16	analysis	analysis	NOUN
cjfa-56736	140	17	was	be	AUX
cjfa-56736	140	18	collected	collect	VERB
cjfa-56736	140	19	from	from	ADP
cjfa-56736	140	20	ico	ico	PROPN
cjfa-56736	140	21	marks	mark	VERB
cjfa-56736	140	22	sites	site	NOUN
cjfa-56736	140	23	that	that	PRON
cjfa-56736	140	24	form	form	VERB
cjfa-56736	140	25	our	our	PRON
cjfa-56736	140	26	3,498	3,498	NUM
cjfa-56736	140	27	icos	ico	NOUN
cjfa-56736	140	28	issued	issue	VERB
cjfa-56736	140	29	between	between	ADP
cjfa-56736	140	30	january	january	PROPN
cjfa-56736	140	31	2019	2019	NUM
cjfa-56736	140	32	and	and	CCONJ
cjfa-56736	140	33	december	december	PROPN
cjfa-56736	140	34	2023	2023	NUM
cjfa-56736	140	35	.	.	PUNCT
cjfa-56736	141	1	the	the	DET
cjfa-56736	141	2	data	datum	NOUN
cjfa-56736	141	3	we	we	PRON
cjfa-56736	141	4	’ve	’ve	AUX
cjfa-56736	141	5	gathered	gather	VERB
cjfa-56736	141	6	plays	play	VERB
cjfa-56736	141	7	a	a	DET
cjfa-56736	141	8	vital	vital	ADJ
cjfa-56736	141	9	role	role	NOUN
cjfa-56736	141	10	in	in	ADP
cjfa-56736	141	11	allowing	allow	VERB
cjfa-56736	141	12	us	we	PRON
cjfa-56736	141	13	to	to	PART
cjfa-56736	141	14	dive	dive	VERB
cjfa-56736	141	15	deep	deep	ADV
cjfa-56736	141	16	into	into	ADP
cjfa-56736	141	17	the	the	DET
cjfa-56736	141	18	ico	ico	PROPN
cjfa-56736	141	19	landscape	landscape	NOUN
cjfa-56736	141	20	,	,	PUNCT
cjfa-56736	141	21	exploring	explore	VERB
cjfa-56736	141	22	it	it	PRON
cjfa-56736	141	23	from	from	ADP
cjfa-56736	141	24	a	a	DET
cjfa-56736	141	25	variety	variety	NOUN
cjfa-56736	141	26	of	of	ADP
cjfa-56736	141	27	perspectives	perspective	NOUN
cjfa-56736	141	28	.	.	PUNCT
cjfa-56736	142	1	our	our	PRON
cjfa-56736	142	2	data	data	NOUN
cjfa-56736	142	3	collection	collection	NOUN
cjfa-56736	142	4	is	be	AUX
cjfa-56736	142	5	like	like	ADP
cjfa-56736	142	6	a	a	DET
cjfa-56736	142	7	jigsaw	jigsaw	NOUN
cjfa-56736	142	8	puzzle	puzzle	NOUN
cjfa-56736	142	9	made	make	VERB
cjfa-56736	142	10	up	up	ADP
cjfa-56736	142	11	of	of	ADP
cjfa-56736	142	12	key	key	ADJ
cjfa-56736	142	13	elements	element	NOUN
cjfa-56736	142	14	,	,	PUNCT
cjfa-56736	142	15	each	each	PRON
cjfa-56736	142	16	of	of	ADP
cjfa-56736	142	17	which	which	PRON
cjfa-56736	142	18	is	be	AUX
cjfa-56736	142	19	crucial	crucial	ADJ
cjfa-56736	142	20	to	to	ADP
cjfa-56736	142	21	getting	get	VERB
cjfa-56736	142	22	the	the	DET
cjfa-56736	142	23	full	full	ADJ
cjfa-56736	142	24	picture	picture	NOUN
cjfa-56736	142	25	.	.	PUNCT
cjfa-56736	143	1	we	we	PRON
cjfa-56736	143	2	took	take	VERB
cjfa-56736	143	3	care	care	NOUN
cjfa-56736	143	4	to	to	PART
cjfa-56736	143	5	collect	collect	VERB
cjfa-56736	143	6	information	information	NOUN
cjfa-56736	143	7	on	on	ADP
cjfa-56736	143	8	early	early	ADJ
cjfa-56736	143	9	-	-	PUNCT
cjfa-56736	143	10	day	day	NOUN
cjfa-56736	143	11	returns	return	NOUN
cjfa-56736	143	12	,	,	PUNCT
cjfa-56736	143	13	which	which	PRON
cjfa-56736	143	14	gives	give	VERB
cjfa-56736	143	15	us	we	PRON
cjfa-56736	143	16	an	an	DET
cjfa-56736	143	17	insight	insight	NOUN
cjfa-56736	143	18	into	into	ADP
cjfa-56736	143	19	the	the	DET
cjfa-56736	143	20	initial	initial	ADJ
cjfa-56736	143	21	performance	performance	NOUN
cjfa-56736	143	22	of	of	ADP
cjfa-56736	143	23	icos	icos	PROPN
cjfa-56736	143	24	as	as	SCONJ
cjfa-56736	143	25	they	they	PRON
cjfa-56736	143	26	hit	hit	VERB
cjfa-56736	143	27	the	the	DET
cjfa-56736	143	28	market	market	NOUN
cjfa-56736	143	29	.	.	PUNCT
cjfa-56736	144	1	in	in	ADP
cjfa-56736	144	2	parallel	parallel	NOUN
cjfa-56736	144	3	,	,	PUNCT
cjfa-56736	144	4	we	we	PRON
cjfa-56736	144	5	also	also	ADV
cjfa-56736	144	6	scrutinized	scrutinize	VERB
cjfa-56736	144	7	launch	launch	NOUN
cjfa-56736	144	8	time	time	NOUN
cjfa-56736	144	9	and	and	CCONJ
cjfa-56736	144	10	any	any	DET
cjfa-56736	144	11	withdrawals	withdrawal	NOUN
cjfa-56736	144	12	,	,	PUNCT
cjfa-56736	144	13	which	which	PRON
cjfa-56736	144	14	helps	help	VERB
cjfa-56736	144	15	us	we	PRON
cjfa-56736	144	16	to	to	PART
cjfa-56736	144	17	understand	understand	VERB
cjfa-56736	144	18	how	how	SCONJ
cjfa-56736	144	19	timing	timing	NOUN
cjfa-56736	144	20	decisions	decision	NOUN
cjfa-56736	144	21	influence	influence	VERB
cjfa-56736	144	22	the	the	DET
cjfa-56736	144	23	dynamism	dynamism	NOUN
cjfa-56736	144	24	of	of	ADP
cjfa-56736	144	25	icos	icos	PROPN
cjfa-56736	144	26	.	.	PUNCT
cjfa-56736	145	1	to	to	PART
cjfa-56736	145	2	add	add	VERB
cjfa-56736	145	3	a	a	DET
cjfa-56736	145	4	complementary	complementary	ADJ
cjfa-56736	145	5	touch	touch	NOUN
cjfa-56736	145	6	,	,	PUNCT
cjfa-56736	145	7	we	we	PRON
cjfa-56736	145	8	also	also	ADV
cjfa-56736	145	9	assembled	assemble	VERB
cjfa-56736	145	10	a	a	DET
cjfa-56736	145	11	databank	databank	NOUN
cjfa-56736	145	12	of	of	ADP
cjfa-56736	145	13	gross	gross	PROPN
cjfa-56736	145	14	ico	ico	PROPN
cjfa-56736	145	15	proceeds	proceed	NOUN
cjfa-56736	145	16	and	and	CCONJ
cjfa-56736	145	17	nominal	nominal	ADJ
cjfa-56736	145	18	returns	return	NOUN
cjfa-56736	145	19	,	,	PUNCT
cjfa-56736	145	20	providing	provide	VERB
cjfa-56736	145	21	a	a	DET
cjfa-56736	145	22	perspective	perspective	NOUN
cjfa-56736	145	23	on	on	ADP
cjfa-56736	145	24	the	the	DET
cjfa-56736	145	25	size	size	NOUN
cjfa-56736	145	26	of	of	ADP
cjfa-56736	145	27	initial	initial	ADJ
cjfa-56736	145	28	funding	funding	NOUN
cjfa-56736	145	29	and	and	CCONJ
cjfa-56736	145	30	the	the	DET
cjfa-56736	145	31	long	long	ADJ
cjfa-56736	145	32	-	-	PUNCT
cjfa-56736	145	33	term	term	NOUN
cjfa-56736	145	34	evolution	evolution	NOUN
cjfa-56736	145	35	of	of	ADP
cjfa-56736	145	36	projects	project	NOUN
cjfa-56736	145	37	.	.	PUNCT
cjfa-56736	146	1	dorsaf	dorsaf	PROPN
cjfa-56736	146	2	ben	ben	PROPN
cjfa-56736	146	3	aissia	aissia	PROPN
cjfa-56736	146	4	,	,	PUNCT
cjfa-56736	146	5	alaa	alaa	PROPN
cjfa-56736	146	6	eddine	eddine	PROPN
cjfa-56736	146	7	chakroun1414	chakroun1414	PROPN
cjfa-56736	146	8	ico	ico	PROPN
cjfa-56736	146	9	performance	performance	NOUN
cjfa-56736	146	10	variablesico	variablesico	PROPN
cjfa-56736	146	11	performance	performance	NOUN
cjfa-56736	146	12	variables	variable	VERB
cjfa-56736	146	13	independent	independent	ADJ
cjfa-56736	146	14	variables	variable	NOUN
cjfa-56736	146	15	1	1	NUM
cjfa-56736	146	16	.	.	PUNCT
cjfa-56736	147	1	first	first	ADJ
cjfa-56736	147	2	-	-	PUNCT
cjfa-56736	147	3	day	day	NOUN
cjfa-56736	147	4	raw	raw	ADJ
cjfa-56736	147	5	return	return	NOUN
cjfa-56736	147	6	:	:	PUNCT
cjfa-56736	147	7	raw	raw	ADJ
cjfa-56736	147	8	returns	return	NOUN
cjfa-56736	147	9	refer	refer	VERB
cjfa-56736	147	10	to	to	ADP
cjfa-56736	147	11	the	the	DET
cjfa-56736	147	12	gains	gain	NOUN
cjfa-56736	147	13	or	or	CCONJ
cjfa-56736	147	14	losses	loss	NOUN
cjfa-56736	147	15	realized	realize	VERB
cjfa-56736	147	16	on	on	ADP
cjfa-56736	147	17	the	the	DET
cjfa-56736	147	18	first	first	ADJ
cjfa-56736	147	19	day	day	NOUN
cjfa-56736	147	20	of	of	ADP
cjfa-56736	147	21	trading	trading	NOUN
cjfa-56736	147	22	of	of	ADP
cjfa-56736	147	23	a	a	DET
cjfa-56736	147	24	company	company	NOUN
cjfa-56736	147	25	resulting	result	VERB
cjfa-56736	147	26	from	from	ADP
cjfa-56736	147	27	an	an	DET
cjfa-56736	147	28	initial	initial	ADJ
cjfa-56736	147	29	coin	coin	NOUN
cjfa-56736	147	30	offering	offering	NOUN
cjfa-56736	147	31	(	(	PUNCT
cjfa-56736	147	32	ico	ico	PROPN
cjfa-56736	147	33	)	)	PUNCT
cjfa-56736	147	34	.	.	PUNCT
cjfa-56736	148	1	they	they	PRON
cjfa-56736	148	2	are	be	AUX
cjfa-56736	148	3	calculated	calculate	VERB
cjfa-56736	148	4	by	by	ADP
cjfa-56736	148	5	subtracting	subtract	VERB
cjfa-56736	148	6	the	the	DET
cjfa-56736	148	7	first	first	ADJ
cjfa-56736	148	8	opening	opening	NOUN
cjfa-56736	148	9	price	price	NOUN
cjfa-56736	148	10	from	from	ADP
cjfa-56736	148	11	the	the	DET
cjfa-56736	148	12	first	first	ADJ
cjfa-56736	148	13	closing	closing	NOUN
cjfa-56736	148	14	price	price	NOUN
cjfa-56736	148	15	,	,	PUNCT
cjfa-56736	148	16	i.e.	i.e.	X
cjfa-56736	148	17	(	(	PUNCT
cjfa-56736	148	18	pi,1	pi,1	PROPN
cjfa-56736	148	19	pi,0	pi,0	PROPN
cjfa-56736	148	20	)	)	PUNCT
cjfa-56736	148	21	.	.	PUNCT
cjfa-56736	149	1	this	this	DET
cjfa-56736	149	2	measure	measure	NOUN
cjfa-56736	149	3	makes	make	VERB
cjfa-56736	149	4	it	it	PRON
cjfa-56736	149	5	possible	possible	ADJ
cjfa-56736	149	6	to	to	PART
cjfa-56736	149	7	assess	assess	VERB
cjfa-56736	149	8	the	the	DET
cjfa-56736	149	9	variation	variation	NOUN
cjfa-56736	149	10	in	in	ADP
cjfa-56736	149	11	share	share	NOUN
cjfa-56736	149	12	price	price	NOUN
cjfa-56736	149	13	from	from	ADP
cjfa-56736	149	14	the	the	DET
cjfa-56736	149	15	first	first	ADJ
cjfa-56736	149	16	day	day	NOUN
cjfa-56736	149	17	of	of	ADP
cjfa-56736	149	18	trading	trading	NOUN
cjfa-56736	149	19	.	.	PUNCT
cjfa-56736	150	1	subtracting	subtract	VERB
cjfa-56736	150	2	the	the	DET
cjfa-56736	150	3	first	first	ADJ
cjfa-56736	150	4	opening	opening	NOUN
cjfa-56736	150	5	price	price	NOUN
cjfa-56736	150	6	from	from	ADP
cjfa-56736	150	7	the	the	DET
cjfa-56736	150	8	first	first	ADJ
cjfa-56736	150	9	closing	closing	NOUN
cjfa-56736	150	10	price	price	NOUN
cjfa-56736	150	11	,	,	PUNCT
cjfa-56736	150	12	i.e.	i.e.	X
cjfa-56736	150	13	(	(	PUNCT
cjfa-56736	150	14	pi,1	pi,1	PROPN
cjfa-56736	150	15	pi,0	pi,0	PROPN
cjfa-56736	150	16	)	)	PUNCT
cjfa-56736	150	17	.	.	PUNCT
cjfa-56736	151	1	this	this	DET
cjfa-56736	151	2	measure	measure	NOUN
cjfa-56736	151	3	makes	make	VERB
cjfa-56736	151	4	it	it	PRON
cjfa-56736	151	5	possible	possible	ADJ
cjfa-56736	151	6	to	to	PART
cjfa-56736	151	7	assess	assess	VERB
cjfa-56736	151	8	the	the	DET
cjfa-56736	151	9	variation	variation	NOUN
cjfa-56736	151	10	in	in	ADP
cjfa-56736	151	11	share	share	NOUN
cjfa-56736	151	12	price	price	NOUN
cjfa-56736	151	13	from	from	ADP
cjfa-56736	151	14	the	the	DET
cjfa-56736	151	15	first	first	ADJ
cjfa-56736	151	16	day	day	NOUN
cjfa-56736	151	17	of	of	ADP
cjfa-56736	151	18	trading	trading	NOUN
cjfa-56736	151	19	.	.	PUNCT
cjfa-56736	152	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	152	2	�	�	PROPN
cjfa-56736	152	3	�	�	PROPN
cjfa-56736	152	4	�	�	PROPN
cjfa-56736	152	5	�	�	PROPN
cjfa-56736	152	6	,	,	PUNCT
cjfa-56736	152	7	�	�	PROPN
cjfa-56736	152	8	�	�	PROPN
cjfa-56736	152	9	�	�	PROPN
cjfa-56736	152	10	�	�	PROPN
cjfa-56736	152	11	,	,	PUNCT
cjfa-56736	152	12	�	�	PROPN
cjfa-56736	152	13	�	�	PROPN
cjfa-56736	152	14	�	�	PROPN
cjfa-56736	152	15	,	,	PUNCT
cjfa-56736	152	16	�	�	PROPN
cjfa-56736	152	17	(	(	PUNCT
cjfa-56736	152	18	8)	8)	NUM
cjfa-56736	152	19	2	2	NUM
cjfa-56736	152	20	.	.	PUNCT
cjfa-56736	153	1	first	first	ADJ
cjfa-56736	153	2	-	-	PUNCT
cjfa-56736	153	3	day	day	NOUN
cjfa-56736	153	4	abnormal	abnormal	ADJ
cjfa-56736	153	5	return	return	NOUN
cjfa-56736	153	6	(	(	PUNCT
cjfa-56736	153	7	ew	ew	INTJ
cjfa-56736	153	8	):	):	PUNCT
cjfa-56736	153	9	the	the	DET
cjfa-56736	153	10	equalized	equalized	ADJ
cjfa-56736	153	11	abnormal	abnormal	ADJ
cjfa-56736	153	12	return	return	NOUN
cjfa-56736	153	13	(	(	PUNCT
cjfa-56736	153	14	ewari	ewari	NOUN
cjfa-56736	153	15	)	)	PUNCT
cjfa-56736	153	16	of	of	ADP
cjfa-56736	153	17	an	an	DET
cjfa-56736	153	18	ico	ico	PROPN
cjfa-56736	153	19	company	company	NOUN
cjfa-56736	153	20	i	i	PRON
cjfa-56736	153	21	refers	refer	VERB
cjfa-56736	153	22	to	to	ADP
cjfa-56736	153	23	the	the	DET
cjfa-56736	153	24	correction	correction	NOUN
cjfa-56736	153	25	of	of	ADP
cjfa-56736	153	26	company	company	NOUN
cjfa-56736	153	27	i	i	PRON
cjfa-56736	153	28	's	's	PART
cjfa-56736	153	29	first	first	ADJ
cjfa-56736	153	30	-	-	PUNCT
cjfa-56736	153	31	day	day	NOUN
cjfa-56736	153	32	return	return	NOUN
cjfa-56736	153	33	,	,	PUNCT
cjfa-56736	153	34	ri	ri	PROPN
cjfa-56736	153	35	,	,	PUNCT
cjfa-56736	153	36	to	to	ADP
cjfa-56736	153	37	the	the	DET
cjfa-56736	153	38	equalized	equalized	ADJ
cjfa-56736	153	39	average	average	ADJ
cjfa-56736	153	40	return	return	NOUN
cjfa-56736	153	41	of	of	ADP
cjfa-56736	153	42	all	all	DET
cjfa-56736	153	43	other	other	ADJ
cjfa-56736	153	44	listed	list	VERB
cjfa-56736	153	45	crypto	crypto	NOUN
cjfa-56736	153	46	-	-	NOUN
cjfa-56736	153	47	currencies	currency	NOUN
cjfa-56736	153	48	,	,	PUNCT
cjfa-56736	153	49	j	j	PROPN
cjfa-56736	153	50	=	=	SYM
cjfa-56736	153	51	1	1	NUM
cjfa-56736	153	52	,	,	PUNCT
cjfa-56736	153	53	.	.	PUNCT
cjfa-56736	154	1	.	.	PUNCT
cjfa-56736	154	2	,	,	PUNCT
cjfa-56736	154	3	n	n	CCONJ
cjfa-56736	154	4	,	,	PUNCT
cjfa-56736	154	5	on	on	ADP
cjfa-56736	154	6	the	the	DET
cjfa-56736	154	7	initial	initial	ADJ
cjfa-56736	154	8	trading	trading	NOUN
cjfa-56736	154	9	day	day	NOUN
cjfa-56736	154	10	of	of	ADP
cjfa-56736	154	11	ico	ico	PROPN
cjfa-56736	154	12	company	company	NOUN
cjfa-56736	154	13	i	i	PRON
cjfa-56736	154	14	's	be	AUX
cjfa-56736	154	15	token	token	VERB
cjfa-56736	154	16	,	,	PUNCT
cjfa-56736	154	17	t.	t.	PROPN
cjfa-56736	154	18	this	this	DET
cjfa-56736	154	19	measure	measure	NOUN
cjfa-56736	154	20	assesses	assess	VERB
cjfa-56736	154	21	the	the	DET
cjfa-56736	154	22	ico	ico	PROPN
cjfa-56736	154	23	company	company	NOUN
cjfa-56736	154	24	's	's	PART
cjfa-56736	154	25	relative	relative	ADJ
cjfa-56736	154	26	performance	performance	NOUN
cjfa-56736	154	27	to	to	ADP
cjfa-56736	154	28	the	the	DET
cjfa-56736	154	29	overall	overall	ADJ
cjfa-56736	154	30	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	154	31	market	market	NOUN
cjfa-56736	154	32	on	on	ADP
cjfa-56736	154	33	its	its	PRON
cjfa-56736	154	34	first	first	ADJ
cjfa-56736	154	35	day	day	NOUN
cjfa-56736	154	36	of	of	ADP
cjfa-56736	154	37	trading	trading	NOUN
cjfa-56736	154	38	.	.	PUNCT
cjfa-56736	155	1	by	by	ADP
cjfa-56736	155	2	adjusting	adjust	VERB
cjfa-56736	155	3	the	the	DET
cjfa-56736	155	4	performance	performance	NOUN
cjfa-56736	155	5	of	of	ADP
cjfa-56736	155	6	company	company	NOUN
cjfa-56736	155	7	ico	ico	PROPN
cjfa-56736	155	8	i	i	PRON
cjfa-56736	155	9	according	accord	VERB
cjfa-56736	155	10	to	to	ADP
cjfa-56736	155	11	the	the	DET
cjfa-56736	155	12	general	general	ADJ
cjfa-56736	155	13	market	market	NOUN
cjfa-56736	155	14	context	context	NOUN
cjfa-56736	155	15	.	.	PUNCT
cjfa-56736	156	1	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	156	2	�	�	PROPN
cjfa-56736	156	3	�	�	PROPN
cjfa-56736	156	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	156	5	�	�	PROPN
cjfa-56736	156	6	�	�	PROPN
cjfa-56736	156	7	�	�	PROPN
cjfa-56736	156	8	�	�	PROPN
cjfa-56736	156	9	∑	∑	PROPN
cjfa-56736	156	10	�	�	PROPN
cjfa-56736	156	11	�	�	PROPN
cjfa-56736	156	12	,	,	PUNCT
cjfa-56736	156	13	�	�	PROPN
cjfa-56736	156	14	�	�	PROPN
cjfa-56736	156	15	�	�	PROPN
cjfa-56736	156	16	�	�	PROPN
cjfa-56736	156	17	,	,	PUNCT
cjfa-56736	156	18	�	�	PROPN
cjfa-56736	156	19	�	�	PROPN
cjfa-56736	156	20	�	�	PROPN
cjfa-56736	156	21	�	�	PROPN
cjfa-56736	156	22	�	�	PROPN
cjfa-56736	156	23	,	,	PUNCT
cjfa-56736	156	24	�	�	PROPN
cjfa-56736	156	25	�	�	PROPN
cjfa-56736	156	26	�	�	PROPN
cjfa-56736	156	27	�	�	PROPN
cjfa-56736	156	28	�	�	PROPN
cjfa-56736	156	29	�	�	PROPN
cjfa-56736	156	30	�	�	PROPN
cjfa-56736	156	31	,	,	PUNCT
cjfa-56736	156	32	�	�	PROPN
cjfa-56736	156	33	�	�	PROPN
cjfa-56736	156	34	�	�	PROPN
cjfa-56736	156	35	(	(	PUNCT
cjfa-56736	156	36	9	9	NUM
cjfa-56736	156	37	)	)	PUNCT
cjfa-56736	156	38	3	3	NUM
cjfa-56736	156	39	.	.	PUNCT
cjfa-56736	156	40	first	first	ADJ
cjfa-56736	156	41	-	-	PUNCT
cjfa-56736	156	42	day	day	NOUN
cjfa-56736	156	43	abnormal	abnormal	ADJ
cjfa-56736	156	44	return	return	NOUN
cjfa-56736	156	45	(	(	PUNCT
cjfa-56736	156	46	vw	vw	NOUN
cjfa-56736	156	47	):	):	PUNCT
cjfa-56736	156	48	the	the	DET
cjfa-56736	156	49	value	value	NOUN
cjfa-56736	156	50	-	-	PUNCT
cjfa-56736	156	51	weighted	weight	VERB
cjfa-56736	156	52	abnormal	abnormal	ADJ
cjfa-56736	156	53	return	return	NOUN
cjfa-56736	156	54	(	(	PUNCT
cjfa-56736	156	55	vwari	vwari	NOUN
cjfa-56736	156	56	)	)	PUNCT
cjfa-56736	156	57	of	of	ADP
cjfa-56736	156	58	an	an	DET
cjfa-56736	156	59	ico	ico	PROPN
cjfa-56736	156	60	company	company	NOUN
cjfa-56736	156	61	i	i	PRON
cjfa-56736	156	62	is	be	AUX
cjfa-56736	156	63	determined	determine	VERB
cjfa-56736	156	64	by	by	ADP
cjfa-56736	156	65	calculating	calculate	VERB
cjfa-56736	156	66	the	the	DET
cjfa-56736	156	67	difference	difference	NOUN
cjfa-56736	156	68	between	between	ADP
cjfa-56736	156	69	ico	ico	PROPN
cjfa-56736	156	70	company	company	NOUN
cjfa-56736	156	71	i	i	PRON
cjfa-56736	156	72	's	's	PART
cjfa-56736	156	73	first	first	ADJ
cjfa-56736	156	74	-	-	PUNCT
cjfa-56736	156	75	day	day	NOUN
cjfa-56736	156	76	return	return	NOUN
cjfa-56736	156	77	,	,	PUNCT
cjfa-56736	156	78	ri	ri	NOUN
cjfa-56736	156	79	,	,	PUNCT
cjfa-56736	156	80	and	and	CCONJ
cjfa-56736	156	81	an	an	DET
cjfa-56736	156	82	average	average	ADJ
cjfa-56736	156	83	market	market	NOUN
cjfa-56736	156	84	return	return	NOUN
cjfa-56736	156	85	on	on	ADP
cjfa-56736	156	86	the	the	DET
cjfa-56736	156	87	first	first	ADJ
cjfa-56736	156	88	trading	trading	NOUN
cjfa-56736	156	89	day	day	NOUN
cjfa-56736	156	90	,	,	PUNCT
cjfa-56736	156	91	t	t	PROPN
cjfa-56736	156	92	,	,	PUNCT
cjfa-56736	156	93	of	of	ADP
cjfa-56736	156	94	token	token	ADJ
cjfa-56736	156	95	i.	i.	NOUN
cjfa-56736	156	96	this	this	DET
cjfa-56736	156	97	average	average	ADJ
cjfa-56736	156	98	return	return	NOUN
cjfa-56736	156	99	is	be	AUX
cjfa-56736	156	100	weighted	weight	VERB
cjfa-56736	156	101	by	by	ADP
cjfa-56736	156	102	the	the	DET
cjfa-56736	156	103	market	market	NOUN
cjfa-56736	156	104	capitalization	capitalization	NOUN
cjfa-56736	156	105	,	,	PUNCT
cjfa-56736	156	106	mcj	mcj	PROPN
cjfa-56736	156	107	,	,	PUNCT
cjfa-56736	156	108	t	t	PROPN
cjfa-56736	156	109	,	,	PUNCT
cjfa-56736	156	110	of	of	ADP
cjfa-56736	156	111	all	all	DET
cjfa-56736	156	112	other	other	ADJ
cjfa-56736	156	113	exchange	exchange	NOUN
cjfa-56736	156	114	-	-	PUNCT
cjfa-56736	156	115	listed	list	VERB
cjfa-56736	156	116	crypto	crypto	ADJ
cjfa-56736	156	117	-	-	ADJ
cjfa-56736	156	118	currency	currency	NOUN
cjfa-56736	156	119	tokens	token	NOUN
cjfa-56736	156	120	j	j	PROPN
cjfa-56736	156	121	=	=	SYM
cjfa-56736	156	122	1	1	NUM
cjfa-56736	156	123	,	,	PUNCT
cjfa-56736	156	124	...	...	PUNCT
cjfa-56736	156	125	,	,	PUNCT
cjfa-56736	156	126	n.	n.	NOUN
cjfa-56736	156	127	this	this	DET
cjfa-56736	156	128	measure	measure	NOUN
cjfa-56736	156	129	assesses	assess	VERB
cjfa-56736	156	130	the	the	DET
cjfa-56736	156	131	relative	relative	ADJ
cjfa-56736	156	132	performance	performance	NOUN
cjfa-56736	156	133	of	of	ADP
cjfa-56736	156	134	the	the	DET
cjfa-56736	156	135	icoi	icoi	NOUN
cjfa-56736	156	136	company	company	NOUN
cjfa-56736	156	137	compared	compare	VERB
cjfa-56736	156	138	to	to	ADP
cjfa-56736	156	139	the	the	DET
cjfa-56736	156	140	overall	overall	ADJ
cjfa-56736	156	141	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	156	142	market	market	NOUN
cjfa-56736	156	143	at	at	ADP
cjfa-56736	156	144	the	the	DET
cjfa-56736	156	145	time	time	NOUN
cjfa-56736	156	146	of	of	ADP
cjfa-56736	156	147	its	its	PRON
cjfa-56736	156	148	ipo	ipo	NOUN
cjfa-56736	156	149	.	.	PUNCT
cjfa-56736	157	1	by	by	ADP
cjfa-56736	157	2	adjusting	adjust	VERB
cjfa-56736	157	3	the	the	DET
cjfa-56736	157	4	performance	performance	NOUN
cjfa-56736	157	5	of	of	ADP
cjfa-56736	157	6	the	the	DET
cjfa-56736	157	7	company	company	NOUN
cjfa-56736	157	8	ico	ico	PROPN
cjfa-56736	157	9	i	i	PRON
cjfa-56736	157	10	according	accord	VERB
cjfa-56736	157	11	to	to	ADP
cjfa-56736	157	12	the	the	DET
cjfa-56736	157	13	market	market	NOUN
cjfa-56736	157	14	capitalization	capitalization	NOUN
cjfa-56736	157	15	of	of	ADP
cjfa-56736	157	16	the	the	DET
cjfa-56736	157	17	other	other	ADJ
cjfa-56736	157	18	tokens	token	NOUN
cjfa-56736	157	19	.	.	PUNCT
cjfa-56736	158	1	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	158	2	�	�	PROPN
cjfa-56736	158	3	�	�	PROPN
cjfa-56736	158	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	158	5	�	�	PROPN
cjfa-56736	158	6	�	�	PROPN
cjfa-56736	158	7	∑	∑	PROPN
cjfa-56736	158	8	�	�	PROPN
cjfa-56736	158	9	�	�	PROPN
cjfa-56736	158	10	�	�	PROPN
cjfa-56736	158	11	�	�	PROPN
cjfa-56736	158	12	,	,	PUNCT
cjfa-56736	158	13	�	�	PROPN
cjfa-56736	158	14	∑	∑	PUNCT
cjfa-56736	158	15	�	�	PROPN
cjfa-56736	158	16	�	�	PROPN
cjfa-56736	158	17	�	�	PROPN
cjfa-56736	158	18	,	,	PUNCT
cjfa-56736	158	19	�	�	PROPN
cjfa-56736	158	20	�	�	PROPN
cjfa-56736	158	21	�	�	PROPN
cjfa-56736	158	22	�	�	PROPN
cjfa-56736	158	23	�	�	PROPN
cjfa-56736	158	24	�	�	PROPN
cjfa-56736	158	25	�	�	PROPN
cjfa-56736	158	26	�	�	PROPN
cjfa-56736	158	27	,	,	PUNCT
cjfa-56736	158	28	�	�	PROPN
cjfa-56736	158	29	�	�	PROPN
cjfa-56736	158	30	�	�	PROPN
cjfa-56736	158	31	�	�	PROPN
cjfa-56736	158	32	,	,	PUNCT
cjfa-56736	158	33	�	�	PROPN
cjfa-56736	158	34	�	�	PROPN
cjfa-56736	158	35	�	�	PROPN
cjfa-56736	158	36	�	�	PROPN
cjfa-56736	158	37	�	�	PROPN
cjfa-56736	158	38	,	,	PUNCT
cjfa-56736	158	39	�	�	PROPN
cjfa-56736	158	40	�	�	PROPN
cjfa-56736	158	41	�	�	PROPN
cjfa-56736	158	42	�	�	PROPN
cjfa-56736	158	43	�	�	PROPN
cjfa-56736	158	44	�	�	PROPN
cjfa-56736	158	45	�	�	PROPN
cjfa-56736	158	46	�	�	PROPN
cjfa-56736	158	47	,	,	PUNCT
cjfa-56736	158	48	�	�	PROPN
cjfa-56736	158	49	�	�	PROPN
cjfa-56736	158	50	�	�	PROPN
cjfa-56736	158	51	(	(	PUNCT
cjfa-56736	158	52	10	10	NUM
cjfa-56736	158	53	)	)	PUNCT
cjfa-56736	158	54	4	4	NUM
cjfa-56736	158	55	.	.	X
cjfa-56736	159	1	ico	ico	PROPN
cjfa-56736	159	2	gross	gross	ADJ
cjfa-56736	159	3	proceeds	proceed	NOUN
cjfa-56736	159	4	:	:	PUNCT
cjfa-56736	159	5	the	the	DET
cjfa-56736	159	6	total	total	ADJ
cjfa-56736	159	7	amount	amount	NOUN
cjfa-56736	159	8	of	of	ADP
cjfa-56736	159	9	funds	fund	NOUN
cjfa-56736	159	10	raised	raise	VERB
cjfa-56736	159	11	through	through	ADP
cjfa-56736	159	12	the	the	DET
cjfa-56736	159	13	ico	ico	NOUN
cjfa-56736	159	14	,	,	PUNCT
cjfa-56736	159	15	expressed	express	VERB
cjfa-56736	159	16	in	in	ADP
cjfa-56736	159	17	thousands	thousand	NOUN
cjfa-56736	159	18	of	of	ADP
cjfa-56736	159	19	usd	usd	NOUN
cjfa-56736	159	20	.	.	PROPN
cjfa-56736	160	1	5	5	NUM
cjfa-56736	160	2	.	.	NOUN
cjfa-56736	160	3	time	time	NOUN
cjfa-56736	160	4	-	-	PUNCT
cjfa-56736	160	5	to	to	ADP
cjfa-56736	160	6	-	-	PUNCT
cjfa-56736	160	7	market	market	NOUN
cjfa-56736	160	8	:	:	PUNCT
cjfa-56736	160	9	the	the	DET
cjfa-56736	160	10	difference	difference	NOUN
cjfa-56736	160	11	in	in	ADP
cjfa-56736	160	12	days	day	NOUN
cjfa-56736	160	13	between	between	ADP
cjfa-56736	160	14	the	the	DET
cjfa-56736	160	15	start	start	NOUN
cjfa-56736	160	16	of	of	ADP
cjfa-56736	160	17	the	the	DET
cjfa-56736	160	18	ico	ico	PROPN
cjfa-56736	160	19	and	and	CCONJ
cjfa-56736	160	20	the	the	DET
cjfa-56736	160	21	project	project	NOUN
cjfa-56736	160	22	creation	creation	NOUN
cjfa-56736	160	23	date	date	NOUN
cjfa-56736	160	24	.	.	PUNCT
cjfa-56736	161	1	6	6	NUM
cjfa-56736	161	2	.	.	NUM
cjfa-56736	161	3	nominal	nominal	ADJ
cjfa-56736	161	4	return	return	NOUN
cjfa-56736	161	5	:	:	PUNCT
cjfa-56736	161	6	"	"	PUNCT
cjfa-56736	161	7	nominal	nominal	ADJ
cjfa-56736	161	8	returns	return	NOUN
cjfa-56736	161	9	"	"	PUNCT
cjfa-56736	161	10	for	for	ADP
cjfa-56736	161	11	an	an	DET
cjfa-56736	161	12	ico	ico	PROPN
cjfa-56736	161	13	can	can	AUX
cjfa-56736	161	14	be	be	AUX
cjfa-56736	161	15	defined	define	VERB
cjfa-56736	161	16	as	as	ADP
cjfa-56736	161	17	the	the	DET
cjfa-56736	161	18	observed	observed	ADJ
cjfa-56736	161	19	trading	trading	NOUN
cjfa-56736	161	20	price	price	NOUN
cjfa-56736	161	21	variations	variation	NOUN
cjfa-56736	161	22	of	of	ADP
cjfa-56736	161	23	a	a	DET
cjfa-56736	161	24	token	token	NOUN
cjfa-56736	161	25	from	from	ADP
cjfa-56736	161	26	the	the	DET
cjfa-56736	161	27	initial	initial	ADJ
cjfa-56736	161	28	coin	coin	NOUN
cjfa-56736	161	29	offering	offering	NOUN
cjfa-56736	161	30	(	(	PUNCT
cjfa-56736	161	31	ico	ico	PROPN
cjfa-56736	161	32	)	)	PUNCT
cjfa-56736	161	33	.	.	PUNCT
cjfa-56736	162	1	these	these	DET
cjfa-56736	162	2	returns	return	NOUN
cjfa-56736	162	3	reflect	reflect	VERB
cjfa-56736	162	4	the	the	DET
cjfa-56736	162	5	difference	difference	NOUN
cjfa-56736	162	6	between	between	ADP
cjfa-56736	162	7	the	the	DET
cjfa-56736	162	8	opening	opening	NOUN
cjfa-56736	162	9	price	price	NOUN
cjfa-56736	162	10	on	on	ADP
cjfa-56736	162	11	the	the	DET
cjfa-56736	162	12	first	first	ADJ
cjfa-56736	162	13	day	day	NOUN
cjfa-56736	162	14	and	and	CCONJ
cjfa-56736	162	15	the	the	DET
cjfa-56736	162	16	closing	closing	NOUN
cjfa-56736	162	17	price	price	NOUN
cjfa-56736	162	18	on	on	ADP
cjfa-56736	162	19	the	the	DET
cjfa-56736	162	20	last	last	ADJ
cjfa-56736	162	21	day	day	NOUN
cjfa-56736	162	22	of	of	ADP
cjfa-56736	162	23	token	token	ADJ
cjfa-56736	162	24	trading	trading	NOUN
cjfa-56736	162	25	.	.	PUNCT
cjfa-56736	163	1	they	they	PRON
cjfa-56736	163	2	provide	provide	VERB
cjfa-56736	163	3	a	a	DET
cjfa-56736	163	4	measure	measure	NOUN
cjfa-56736	163	5	of	of	ADP
cjfa-56736	163	6	an	an	DET
cjfa-56736	163	7	ico	ico	PROPN
cjfa-56736	163	8	's	's	PART
cjfa-56736	163	9	initial	initial	ADJ
cjfa-56736	163	10	financial	financial	ADJ
cjfa-56736	163	11	performance	performance	NOUN
cjfa-56736	163	12	,	,	PUNCT
cjfa-56736	163	13	indicating	indicate	VERB
cjfa-56736	163	14	realized	realize	VERB
cjfa-56736	163	15	gains	gain	NOUN
cjfa-56736	163	16	or	or	CCONJ
cjfa-56736	163	17	losses	loss	NOUN
cjfa-56736	163	18	over	over	ADP
cjfa-56736	163	19	the	the	DET
cjfa-56736	163	20	entire	entire	ADJ
cjfa-56736	163	21	listing	listing	NOUN
cjfa-56736	163	22	period	period	NOUN
cjfa-56736	163	23	.	.	PUNCT
cjfa-56736	164	1	7	7	X
cjfa-56736	164	2	.	.	X
cjfa-56736	164	3	delisting	delist	VERB
cjfa-56736	164	4	:	:	PUNCT
cjfa-56736	164	5	dummy	dummy	ADJ
cjfa-56736	164	6	variable	variable	NOUN
cjfa-56736	164	7	equal	equal	ADJ
cjfa-56736	164	8	to	to	ADP
cjfa-56736	164	9	one	one	NUM
cjfa-56736	164	10	if	if	SCONJ
cjfa-56736	164	11	a	a	DET
cjfa-56736	164	12	listed	list	VERB
cjfa-56736	164	13	project	project	NOUN
cjfa-56736	164	14	has	have	AUX
cjfa-56736	164	15	been	be	AUX
cjfa-56736	164	16	delisted	delist	VERB
cjfa-56736	164	17	on	on	ADP
cjfa-56736	164	18	one	one	NUM
cjfa-56736	164	19	or	or	CCONJ
cjfa-56736	164	20	more	more	ADV
cjfa-56736	164	21	token	token	ADJ
cjfa-56736	164	22	exchange	exchange	NOUN
cjfa-56736	164	23	platforms	platform	NOUN
cjfa-56736	164	24	,	,	PUNCT
cjfa-56736	164	25	and	and	CCONJ
cjfa-56736	164	26	zero	zero	NUM
cjfa-56736	164	27	otherwise	otherwise	ADV
cjfa-56736	164	28	.	.	PUNCT
cjfa-56736	165	1	(	(	PUNCT
cjfa-56736	165	2	8)	8)	NUM
cjfa-56736	165	3	2	2	NUM
cjfa-56736	165	4	.	.	PUNCT
cjfa-56736	165	5	first	first	ADJ
cjfa-56736	165	6	-	-	PUNCT
cjfa-56736	165	7	day	day	NOUN
cjfa-56736	165	8	abnormal	abnormal	ADJ
cjfa-56736	165	9	return	return	NOUN
cjfa-56736	165	10	(	(	PUNCT
cjfa-56736	165	11	ew	ew	INTJ
cjfa-56736	165	12	):	):	PUNCT
cjfa-56736	165	13	the	the	DET
cjfa-56736	165	14	equalized	equalized	ADJ
cjfa-56736	165	15	abnormal	abnormal	ADJ
cjfa-56736	165	16	return	return	NOUN
cjfa-56736	165	17	(	(	PUNCT
cjfa-56736	165	18	ewari	ewari	NOUN
cjfa-56736	165	19	)	)	PUNCT
cjfa-56736	165	20	of	of	ADP
cjfa-56736	165	21	an	an	DET
cjfa-56736	165	22	ico	ico	PROPN
cjfa-56736	165	23	company	company	NOUN
cjfa-56736	165	24	i	i	PRON
cjfa-56736	165	25	refers	refer	VERB
cjfa-56736	165	26	to	to	ADP
cjfa-56736	165	27	the	the	DET
cjfa-56736	165	28	correction	correction	NOUN
cjfa-56736	165	29	of	of	ADP
cjfa-56736	165	30	company	company	NOUN
cjfa-56736	165	31	i	i	PRON
cjfa-56736	165	32	’s	’	VERB
cjfa-56736	165	33	first	first	ADJ
cjfa-56736	165	34	-	-	PUNCT
cjfa-56736	165	35	day	day	NOUN
cjfa-56736	165	36	return	return	NOUN
cjfa-56736	165	37	,	,	PUNCT
cjfa-56736	165	38	ri	ri	PROPN
cjfa-56736	165	39	,	,	PUNCT
cjfa-56736	165	40	to	to	ADP
cjfa-56736	165	41	the	the	DET
cjfa-56736	165	42	equalized	equalized	ADJ
cjfa-56736	165	43	average	average	ADJ
cjfa-56736	165	44	return	return	NOUN
cjfa-56736	165	45	of	of	ADP
cjfa-56736	165	46	all	all	DET
cjfa-56736	165	47	other	other	ADJ
cjfa-56736	165	48	listed	list	VERB
cjfa-56736	165	49	crypto	crypto	NOUN
cjfa-56736	165	50	-	-	NOUN
cjfa-56736	165	51	currencies	currency	NOUN
cjfa-56736	165	52	,	,	PUNCT
cjfa-56736	165	53	j	j	PROPN
cjfa-56736	165	54	=	=	SYM
cjfa-56736	165	55	1	1	NUM
cjfa-56736	165	56	,	,	PUNCT
cjfa-56736	165	57	.	.	PUNCT
cjfa-56736	166	1	.	.	PUNCT
cjfa-56736	166	2	,	,	PUNCT
cjfa-56736	166	3	n	n	CCONJ
cjfa-56736	166	4	,	,	PUNCT
cjfa-56736	166	5	on	on	ADP
cjfa-56736	166	6	the	the	DET
cjfa-56736	166	7	initial	initial	ADJ
cjfa-56736	166	8	trading	trading	NOUN
cjfa-56736	166	9	day	day	NOUN
cjfa-56736	166	10	of	of	ADP
cjfa-56736	166	11	ico	ico	PROPN
cjfa-56736	166	12	company	company	NOUN
cjfa-56736	166	13	i	i	PRON
cjfa-56736	166	14	’s	’	VERB
cjfa-56736	166	15	token	token	VERB
cjfa-56736	166	16	,	,	PUNCT
cjfa-56736	166	17	t.	t.	PROPN
cjfa-56736	166	18	this	this	DET
cjfa-56736	166	19	measure	measure	NOUN
cjfa-56736	166	20	assesses	assess	VERB
cjfa-56736	166	21	the	the	DET
cjfa-56736	166	22	ico	ico	PROPN
cjfa-56736	166	23	company	company	NOUN
cjfa-56736	166	24	’s	’s	PART
cjfa-56736	166	25	relative	relative	ADJ
cjfa-56736	166	26	performance	performance	NOUN
cjfa-56736	166	27	to	to	ADP
cjfa-56736	166	28	the	the	DET
cjfa-56736	166	29	overall	overall	ADJ
cjfa-56736	166	30	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	166	31	market	market	NOUN
cjfa-56736	166	32	on	on	ADP
cjfa-56736	166	33	its	its	PRON
cjfa-56736	166	34	first	first	ADJ
cjfa-56736	166	35	day	day	NOUN
cjfa-56736	166	36	of	of	ADP
cjfa-56736	166	37	trading	trading	NOUN
cjfa-56736	166	38	.	.	PUNCT
cjfa-56736	167	1	by	by	ADP
cjfa-56736	167	2	adjusting	adjust	VERB
cjfa-56736	167	3	the	the	DET
cjfa-56736	167	4	performance	performance	NOUN
cjfa-56736	167	5	of	of	ADP
cjfa-56736	167	6	company	company	NOUN
cjfa-56736	167	7	ico	ico	PROPN
cjfa-56736	167	8	subtracting	subtract	VERB
cjfa-56736	167	9	the	the	DET
cjfa-56736	167	10	first	first	ADJ
cjfa-56736	167	11	opening	opening	NOUN
cjfa-56736	167	12	price	price	NOUN
cjfa-56736	167	13	from	from	ADP
cjfa-56736	167	14	the	the	DET
cjfa-56736	167	15	first	first	ADJ
cjfa-56736	167	16	closing	closing	NOUN
cjfa-56736	167	17	price	price	NOUN
cjfa-56736	167	18	,	,	PUNCT
cjfa-56736	167	19	i.e.	i.e.	X
cjfa-56736	167	20	(	(	PUNCT
cjfa-56736	167	21	pi,1	pi,1	PROPN
cjfa-56736	167	22	pi,0	pi,0	PROPN
cjfa-56736	167	23	)	)	PUNCT
cjfa-56736	167	24	.	.	PUNCT
cjfa-56736	168	1	this	this	DET
cjfa-56736	168	2	measure	measure	NOUN
cjfa-56736	168	3	makes	make	VERB
cjfa-56736	168	4	it	it	PRON
cjfa-56736	168	5	possible	possible	ADJ
cjfa-56736	168	6	to	to	PART
cjfa-56736	168	7	assess	assess	VERB
cjfa-56736	168	8	the	the	DET
cjfa-56736	168	9	variation	variation	NOUN
cjfa-56736	168	10	in	in	ADP
cjfa-56736	168	11	share	share	NOUN
cjfa-56736	168	12	price	price	NOUN
cjfa-56736	168	13	from	from	ADP
cjfa-56736	168	14	the	the	DET
cjfa-56736	168	15	first	first	ADJ
cjfa-56736	168	16	day	day	NOUN
cjfa-56736	168	17	of	of	ADP
cjfa-56736	168	18	trading	trading	NOUN
cjfa-56736	168	19	.	.	PUNCT
cjfa-56736	169	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	169	2	�	�	PROPN
cjfa-56736	169	3	�	�	PROPN
cjfa-56736	169	4	�	�	PROPN
cjfa-56736	169	5	�	�	PROPN
cjfa-56736	169	6	,	,	PUNCT
cjfa-56736	169	7	�	�	PROPN
cjfa-56736	169	8	�	�	PROPN
cjfa-56736	169	9	�	�	PROPN
cjfa-56736	169	10	�	�	PROPN
cjfa-56736	169	11	,	,	PUNCT
cjfa-56736	169	12	�	�	PROPN
cjfa-56736	169	13	�	�	PROPN
cjfa-56736	169	14	�	�	PROPN
cjfa-56736	169	15	,	,	PUNCT
cjfa-56736	169	16	�	�	PROPN
cjfa-56736	169	17	(	(	PUNCT
cjfa-56736	169	18	8)	8)	NUM
cjfa-56736	169	19	2	2	NUM
cjfa-56736	169	20	.	.	PUNCT
cjfa-56736	170	1	first	first	ADJ
cjfa-56736	170	2	-	-	PUNCT
cjfa-56736	170	3	day	day	NOUN
cjfa-56736	170	4	abnormal	abnormal	ADJ
cjfa-56736	170	5	return	return	NOUN
cjfa-56736	170	6	(	(	PUNCT
cjfa-56736	170	7	ew	ew	INTJ
cjfa-56736	170	8	):	):	PUNCT
cjfa-56736	170	9	the	the	DET
cjfa-56736	170	10	equalized	equalized	ADJ
cjfa-56736	170	11	abnormal	abnormal	ADJ
cjfa-56736	170	12	return	return	NOUN
cjfa-56736	170	13	(	(	PUNCT
cjfa-56736	170	14	ewari	ewari	NOUN
cjfa-56736	170	15	)	)	PUNCT
cjfa-56736	170	16	of	of	ADP
cjfa-56736	170	17	an	an	DET
cjfa-56736	170	18	ico	ico	PROPN
cjfa-56736	170	19	company	company	NOUN
cjfa-56736	170	20	i	i	PRON
cjfa-56736	170	21	refers	refer	VERB
cjfa-56736	170	22	to	to	ADP
cjfa-56736	170	23	the	the	DET
cjfa-56736	170	24	correction	correction	NOUN
cjfa-56736	170	25	of	of	ADP
cjfa-56736	170	26	company	company	NOUN
cjfa-56736	170	27	i	i	PRON
cjfa-56736	170	28	's	's	PART
cjfa-56736	170	29	first	first	ADJ
cjfa-56736	170	30	-	-	PUNCT
cjfa-56736	170	31	day	day	NOUN
cjfa-56736	170	32	return	return	NOUN
cjfa-56736	170	33	,	,	PUNCT
cjfa-56736	170	34	ri	ri	PROPN
cjfa-56736	170	35	,	,	PUNCT
cjfa-56736	170	36	to	to	ADP
cjfa-56736	170	37	the	the	DET
cjfa-56736	170	38	equalized	equalized	ADJ
cjfa-56736	170	39	average	average	ADJ
cjfa-56736	170	40	return	return	NOUN
cjfa-56736	170	41	of	of	ADP
cjfa-56736	170	42	all	all	DET
cjfa-56736	170	43	other	other	ADJ
cjfa-56736	170	44	listed	list	VERB
cjfa-56736	170	45	crypto	crypto	NOUN
cjfa-56736	170	46	-	-	NOUN
cjfa-56736	170	47	currencies	currency	NOUN
cjfa-56736	170	48	,	,	PUNCT
cjfa-56736	170	49	j	j	PROPN
cjfa-56736	170	50	=	=	SYM
cjfa-56736	170	51	1	1	NUM
cjfa-56736	170	52	,	,	PUNCT
cjfa-56736	170	53	.	.	PUNCT
cjfa-56736	171	1	.	.	PUNCT
cjfa-56736	171	2	,	,	PUNCT
cjfa-56736	171	3	n	n	CCONJ
cjfa-56736	171	4	,	,	PUNCT
cjfa-56736	171	5	on	on	ADP
cjfa-56736	171	6	the	the	DET
cjfa-56736	171	7	initial	initial	ADJ
cjfa-56736	171	8	trading	trading	NOUN
cjfa-56736	171	9	day	day	NOUN
cjfa-56736	171	10	of	of	ADP
cjfa-56736	171	11	ico	ico	PROPN
cjfa-56736	171	12	company	company	NOUN
cjfa-56736	171	13	i	i	PRON
cjfa-56736	171	14	's	be	AUX
cjfa-56736	171	15	token	token	VERB
cjfa-56736	171	16	,	,	PUNCT
cjfa-56736	171	17	t.	t.	PROPN
cjfa-56736	171	18	this	this	DET
cjfa-56736	171	19	measure	measure	NOUN
cjfa-56736	171	20	assesses	assess	VERB
cjfa-56736	171	21	the	the	DET
cjfa-56736	171	22	ico	ico	PROPN
cjfa-56736	171	23	company	company	NOUN
cjfa-56736	171	24	's	's	PART
cjfa-56736	171	25	relative	relative	ADJ
cjfa-56736	171	26	performance	performance	NOUN
cjfa-56736	171	27	to	to	ADP
cjfa-56736	171	28	the	the	DET
cjfa-56736	171	29	overall	overall	ADJ
cjfa-56736	171	30	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	171	31	market	market	NOUN
cjfa-56736	171	32	on	on	ADP
cjfa-56736	171	33	its	its	PRON
cjfa-56736	171	34	first	first	ADJ
cjfa-56736	171	35	day	day	NOUN
cjfa-56736	171	36	of	of	ADP
cjfa-56736	171	37	trading	trading	NOUN
cjfa-56736	171	38	.	.	PUNCT
cjfa-56736	172	1	by	by	ADP
cjfa-56736	172	2	adjusting	adjust	VERB
cjfa-56736	172	3	the	the	DET
cjfa-56736	172	4	performance	performance	NOUN
cjfa-56736	172	5	of	of	ADP
cjfa-56736	172	6	company	company	NOUN
cjfa-56736	172	7	ico	ico	PROPN
cjfa-56736	172	8	i	i	PRON
cjfa-56736	172	9	according	accord	VERB
cjfa-56736	172	10	to	to	ADP
cjfa-56736	172	11	the	the	DET
cjfa-56736	172	12	general	general	ADJ
cjfa-56736	172	13	market	market	NOUN
cjfa-56736	172	14	context	context	NOUN
cjfa-56736	172	15	.	.	PUNCT
cjfa-56736	173	1	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	173	2	�	�	PROPN
cjfa-56736	173	3	�	�	PROPN
cjfa-56736	173	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	173	5	�	�	PROPN
cjfa-56736	173	6	�	�	PROPN
cjfa-56736	173	7	�	�	PROPN
cjfa-56736	173	8	�	�	PROPN
cjfa-56736	173	9	∑	∑	PROPN
cjfa-56736	173	10	�	�	PROPN
cjfa-56736	173	11	�	�	PROPN
cjfa-56736	173	12	,	,	PUNCT
cjfa-56736	173	13	�	�	PROPN
cjfa-56736	173	14	�	�	PROPN
cjfa-56736	173	15	�	�	PROPN
cjfa-56736	173	16	�	�	PROPN
cjfa-56736	173	17	,	,	PUNCT
cjfa-56736	173	18	�	�	PROPN
cjfa-56736	173	19	�	�	PROPN
cjfa-56736	173	20	�	�	PROPN
cjfa-56736	173	21	�	�	PROPN
cjfa-56736	173	22	�	�	PROPN
cjfa-56736	173	23	,	,	PUNCT
cjfa-56736	173	24	�	�	PROPN
cjfa-56736	173	25	�	�	PROPN
cjfa-56736	173	26	�	�	PROPN
cjfa-56736	173	27	�	�	PROPN
cjfa-56736	173	28	�	�	PROPN
cjfa-56736	173	29	�	�	PROPN
cjfa-56736	173	30	�	�	PROPN
cjfa-56736	173	31	,	,	PUNCT
cjfa-56736	173	32	�	�	PROPN
cjfa-56736	173	33	�	�	PROPN
cjfa-56736	173	34	�	�	PROPN
cjfa-56736	173	35	(	(	PUNCT
cjfa-56736	173	36	9	9	NUM
cjfa-56736	173	37	)	)	PUNCT
cjfa-56736	173	38	3	3	NUM
cjfa-56736	173	39	.	.	PUNCT
cjfa-56736	173	40	first	first	ADJ
cjfa-56736	173	41	-	-	PUNCT
cjfa-56736	173	42	day	day	NOUN
cjfa-56736	173	43	abnormal	abnormal	ADJ
cjfa-56736	173	44	return	return	NOUN
cjfa-56736	173	45	(	(	PUNCT
cjfa-56736	173	46	vw	vw	NOUN
cjfa-56736	173	47	):	):	PUNCT
cjfa-56736	173	48	the	the	DET
cjfa-56736	173	49	value	value	NOUN
cjfa-56736	173	50	-	-	PUNCT
cjfa-56736	173	51	weighted	weight	VERB
cjfa-56736	173	52	abnormal	abnormal	ADJ
cjfa-56736	173	53	return	return	NOUN
cjfa-56736	173	54	(	(	PUNCT
cjfa-56736	173	55	vwari	vwari	NOUN
cjfa-56736	173	56	)	)	PUNCT
cjfa-56736	173	57	of	of	ADP
cjfa-56736	173	58	an	an	DET
cjfa-56736	173	59	ico	ico	PROPN
cjfa-56736	173	60	company	company	NOUN
cjfa-56736	173	61	i	i	PRON
cjfa-56736	173	62	is	be	AUX
cjfa-56736	173	63	determined	determine	VERB
cjfa-56736	173	64	by	by	ADP
cjfa-56736	173	65	calculating	calculate	VERB
cjfa-56736	173	66	the	the	DET
cjfa-56736	173	67	difference	difference	NOUN
cjfa-56736	173	68	between	between	ADP
cjfa-56736	173	69	ico	ico	PROPN
cjfa-56736	173	70	company	company	NOUN
cjfa-56736	173	71	i	i	PRON
cjfa-56736	173	72	's	's	PART
cjfa-56736	173	73	first	first	ADJ
cjfa-56736	173	74	-	-	PUNCT
cjfa-56736	173	75	day	day	NOUN
cjfa-56736	173	76	return	return	NOUN
cjfa-56736	173	77	,	,	PUNCT
cjfa-56736	173	78	ri	ri	NOUN
cjfa-56736	173	79	,	,	PUNCT
cjfa-56736	173	80	and	and	CCONJ
cjfa-56736	173	81	an	an	DET
cjfa-56736	173	82	average	average	ADJ
cjfa-56736	173	83	market	market	NOUN
cjfa-56736	173	84	return	return	NOUN
cjfa-56736	173	85	on	on	ADP
cjfa-56736	173	86	the	the	DET
cjfa-56736	173	87	first	first	ADJ
cjfa-56736	173	88	trading	trading	NOUN
cjfa-56736	173	89	day	day	NOUN
cjfa-56736	173	90	,	,	PUNCT
cjfa-56736	173	91	t	t	PROPN
cjfa-56736	173	92	,	,	PUNCT
cjfa-56736	173	93	of	of	ADP
cjfa-56736	173	94	token	token	ADJ
cjfa-56736	173	95	i.	i.	NOUN
cjfa-56736	173	96	this	this	DET
cjfa-56736	173	97	average	average	ADJ
cjfa-56736	173	98	return	return	NOUN
cjfa-56736	173	99	is	be	AUX
cjfa-56736	173	100	weighted	weight	VERB
cjfa-56736	173	101	by	by	ADP
cjfa-56736	173	102	the	the	DET
cjfa-56736	173	103	market	market	NOUN
cjfa-56736	173	104	capitalization	capitalization	NOUN
cjfa-56736	173	105	,	,	PUNCT
cjfa-56736	173	106	mcj	mcj	PROPN
cjfa-56736	173	107	,	,	PUNCT
cjfa-56736	173	108	t	t	PROPN
cjfa-56736	173	109	,	,	PUNCT
cjfa-56736	173	110	of	of	ADP
cjfa-56736	173	111	all	all	DET
cjfa-56736	173	112	other	other	ADJ
cjfa-56736	173	113	exchange	exchange	NOUN
cjfa-56736	173	114	-	-	PUNCT
cjfa-56736	173	115	listed	list	VERB
cjfa-56736	173	116	crypto	crypto	ADJ
cjfa-56736	173	117	-	-	ADJ
cjfa-56736	173	118	currency	currency	NOUN
cjfa-56736	173	119	tokens	token	NOUN
cjfa-56736	173	120	j	j	PROPN
cjfa-56736	173	121	=	=	SYM
cjfa-56736	173	122	1	1	NUM
cjfa-56736	173	123	,	,	PUNCT
cjfa-56736	173	124	...	...	PUNCT
cjfa-56736	173	125	,	,	PUNCT
cjfa-56736	173	126	n.	n.	NOUN
cjfa-56736	173	127	this	this	DET
cjfa-56736	173	128	measure	measure	NOUN
cjfa-56736	173	129	assesses	assess	VERB
cjfa-56736	173	130	the	the	DET
cjfa-56736	173	131	relative	relative	ADJ
cjfa-56736	173	132	performance	performance	NOUN
cjfa-56736	173	133	of	of	ADP
cjfa-56736	173	134	the	the	DET
cjfa-56736	173	135	icoi	icoi	NOUN
cjfa-56736	173	136	company	company	NOUN
cjfa-56736	173	137	compared	compare	VERB
cjfa-56736	173	138	to	to	ADP
cjfa-56736	173	139	the	the	DET
cjfa-56736	173	140	overall	overall	ADJ
cjfa-56736	173	141	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	173	142	market	market	NOUN
cjfa-56736	173	143	at	at	ADP
cjfa-56736	173	144	the	the	DET
cjfa-56736	173	145	time	time	NOUN
cjfa-56736	173	146	of	of	ADP
cjfa-56736	173	147	its	its	PRON
cjfa-56736	173	148	ipo	ipo	NOUN
cjfa-56736	173	149	.	.	PUNCT
cjfa-56736	174	1	by	by	ADP
cjfa-56736	174	2	adjusting	adjust	VERB
cjfa-56736	174	3	the	the	DET
cjfa-56736	174	4	performance	performance	NOUN
cjfa-56736	174	5	of	of	ADP
cjfa-56736	174	6	the	the	DET
cjfa-56736	174	7	company	company	NOUN
cjfa-56736	174	8	ico	ico	PROPN
cjfa-56736	174	9	i	i	PRON
cjfa-56736	174	10	according	accord	VERB
cjfa-56736	174	11	to	to	ADP
cjfa-56736	174	12	the	the	DET
cjfa-56736	174	13	market	market	NOUN
cjfa-56736	174	14	capitalization	capitalization	NOUN
cjfa-56736	174	15	of	of	ADP
cjfa-56736	174	16	the	the	DET
cjfa-56736	174	17	other	other	ADJ
cjfa-56736	174	18	tokens	token	NOUN
cjfa-56736	174	19	.	.	PUNCT
cjfa-56736	175	1	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	175	2	�	�	PROPN
cjfa-56736	175	3	�	�	PROPN
cjfa-56736	175	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	175	5	�	�	PROPN
cjfa-56736	175	6	�	�	PROPN
cjfa-56736	175	7	∑	∑	PROPN
cjfa-56736	175	8	�	�	PROPN
cjfa-56736	175	9	�	�	PROPN
cjfa-56736	175	10	�	�	PROPN
cjfa-56736	175	11	�	�	PROPN
cjfa-56736	175	12	,	,	PUNCT
cjfa-56736	175	13	�	�	PROPN
cjfa-56736	175	14	∑	∑	PUNCT
cjfa-56736	175	15	�	�	PROPN
cjfa-56736	175	16	�	�	PROPN
cjfa-56736	175	17	�	�	PROPN
cjfa-56736	175	18	,	,	PUNCT
cjfa-56736	175	19	�	�	PROPN
cjfa-56736	175	20	�	�	PROPN
cjfa-56736	175	21	�	�	PROPN
cjfa-56736	175	22	�	�	PROPN
cjfa-56736	175	23	�	�	PROPN
cjfa-56736	175	24	�	�	PROPN
cjfa-56736	175	25	�	�	PROPN
cjfa-56736	175	26	�	�	PROPN
cjfa-56736	175	27	,	,	PUNCT
cjfa-56736	175	28	�	�	PROPN
cjfa-56736	175	29	�	�	PROPN
cjfa-56736	175	30	�	�	PROPN
cjfa-56736	175	31	�	�	PROPN
cjfa-56736	175	32	,	,	PUNCT
cjfa-56736	175	33	�	�	PROPN
cjfa-56736	175	34	�	�	PROPN
cjfa-56736	175	35	�	�	PROPN
cjfa-56736	175	36	�	�	PROPN
cjfa-56736	175	37	�	�	PROPN
cjfa-56736	175	38	,	,	PUNCT
cjfa-56736	175	39	�	�	PROPN
cjfa-56736	175	40	�	�	PROPN
cjfa-56736	175	41	�	�	PROPN
cjfa-56736	175	42	�	�	PROPN
cjfa-56736	175	43	�	�	PROPN
cjfa-56736	175	44	�	�	PROPN
cjfa-56736	175	45	�	�	PROPN
cjfa-56736	175	46	�	�	PROPN
cjfa-56736	175	47	,	,	PUNCT
cjfa-56736	175	48	�	�	PROPN
cjfa-56736	175	49	�	�	PROPN
cjfa-56736	175	50	�	�	PROPN
cjfa-56736	175	51	(	(	PUNCT
cjfa-56736	175	52	10	10	NUM
cjfa-56736	175	53	)	)	PUNCT
cjfa-56736	175	54	4	4	NUM
cjfa-56736	175	55	.	.	X
cjfa-56736	176	1	ico	ico	PROPN
cjfa-56736	176	2	gross	gross	ADJ
cjfa-56736	176	3	proceeds	proceed	NOUN
cjfa-56736	176	4	:	:	PUNCT
cjfa-56736	176	5	the	the	DET
cjfa-56736	176	6	total	total	ADJ
cjfa-56736	176	7	amount	amount	NOUN
cjfa-56736	176	8	of	of	ADP
cjfa-56736	176	9	funds	fund	NOUN
cjfa-56736	176	10	raised	raise	VERB
cjfa-56736	176	11	through	through	ADP
cjfa-56736	176	12	the	the	DET
cjfa-56736	176	13	ico	ico	NOUN
cjfa-56736	176	14	,	,	PUNCT
cjfa-56736	176	15	expressed	express	VERB
cjfa-56736	176	16	in	in	ADP
cjfa-56736	176	17	thousands	thousand	NOUN
cjfa-56736	176	18	of	of	ADP
cjfa-56736	176	19	usd	usd	NOUN
cjfa-56736	176	20	.	.	PROPN
cjfa-56736	177	1	5	5	NUM
cjfa-56736	177	2	.	.	NOUN
cjfa-56736	177	3	time	time	NOUN
cjfa-56736	177	4	-	-	PUNCT
cjfa-56736	177	5	to	to	ADP
cjfa-56736	177	6	-	-	PUNCT
cjfa-56736	177	7	market	market	NOUN
cjfa-56736	177	8	:	:	PUNCT
cjfa-56736	177	9	the	the	DET
cjfa-56736	177	10	difference	difference	NOUN
cjfa-56736	177	11	in	in	ADP
cjfa-56736	177	12	days	day	NOUN
cjfa-56736	177	13	between	between	ADP
cjfa-56736	177	14	the	the	DET
cjfa-56736	177	15	start	start	NOUN
cjfa-56736	177	16	of	of	ADP
cjfa-56736	177	17	the	the	DET
cjfa-56736	177	18	ico	ico	PROPN
cjfa-56736	177	19	and	and	CCONJ
cjfa-56736	177	20	the	the	DET
cjfa-56736	177	21	project	project	NOUN
cjfa-56736	177	22	creation	creation	NOUN
cjfa-56736	177	23	date	date	NOUN
cjfa-56736	177	24	.	.	PUNCT
cjfa-56736	178	1	6	6	NUM
cjfa-56736	178	2	.	.	NUM
cjfa-56736	178	3	nominal	nominal	ADJ
cjfa-56736	178	4	return	return	NOUN
cjfa-56736	178	5	:	:	PUNCT
cjfa-56736	178	6	"	"	PUNCT
cjfa-56736	178	7	nominal	nominal	ADJ
cjfa-56736	178	8	returns	return	NOUN
cjfa-56736	178	9	"	"	PUNCT
cjfa-56736	178	10	for	for	ADP
cjfa-56736	178	11	an	an	DET
cjfa-56736	178	12	ico	ico	PROPN
cjfa-56736	178	13	can	can	AUX
cjfa-56736	178	14	be	be	AUX
cjfa-56736	178	15	defined	define	VERB
cjfa-56736	178	16	as	as	ADP
cjfa-56736	178	17	the	the	DET
cjfa-56736	178	18	observed	observed	ADJ
cjfa-56736	178	19	trading	trading	NOUN
cjfa-56736	178	20	price	price	NOUN
cjfa-56736	178	21	variations	variation	NOUN
cjfa-56736	178	22	of	of	ADP
cjfa-56736	178	23	a	a	DET
cjfa-56736	178	24	token	token	NOUN
cjfa-56736	178	25	from	from	ADP
cjfa-56736	178	26	the	the	DET
cjfa-56736	178	27	initial	initial	ADJ
cjfa-56736	178	28	coin	coin	NOUN
cjfa-56736	178	29	offering	offering	NOUN
cjfa-56736	178	30	(	(	PUNCT
cjfa-56736	178	31	ico	ico	PROPN
cjfa-56736	178	32	)	)	PUNCT
cjfa-56736	178	33	.	.	PUNCT
cjfa-56736	179	1	these	these	DET
cjfa-56736	179	2	returns	return	NOUN
cjfa-56736	179	3	reflect	reflect	VERB
cjfa-56736	179	4	the	the	DET
cjfa-56736	179	5	difference	difference	NOUN
cjfa-56736	179	6	between	between	ADP
cjfa-56736	179	7	the	the	DET
cjfa-56736	179	8	opening	opening	NOUN
cjfa-56736	179	9	price	price	NOUN
cjfa-56736	179	10	on	on	ADP
cjfa-56736	179	11	the	the	DET
cjfa-56736	179	12	first	first	ADJ
cjfa-56736	179	13	day	day	NOUN
cjfa-56736	179	14	and	and	CCONJ
cjfa-56736	179	15	the	the	DET
cjfa-56736	179	16	closing	closing	NOUN
cjfa-56736	179	17	price	price	NOUN
cjfa-56736	179	18	on	on	ADP
cjfa-56736	179	19	the	the	DET
cjfa-56736	179	20	last	last	ADJ
cjfa-56736	179	21	day	day	NOUN
cjfa-56736	179	22	of	of	ADP
cjfa-56736	179	23	token	token	ADJ
cjfa-56736	179	24	trading	trading	NOUN
cjfa-56736	179	25	.	.	PUNCT
cjfa-56736	180	1	they	they	PRON
cjfa-56736	180	2	provide	provide	VERB
cjfa-56736	180	3	a	a	DET
cjfa-56736	180	4	measure	measure	NOUN
cjfa-56736	180	5	of	of	ADP
cjfa-56736	180	6	an	an	DET
cjfa-56736	180	7	ico	ico	PROPN
cjfa-56736	180	8	's	's	PART
cjfa-56736	180	9	initial	initial	ADJ
cjfa-56736	180	10	financial	financial	ADJ
cjfa-56736	180	11	performance	performance	NOUN
cjfa-56736	180	12	,	,	PUNCT
cjfa-56736	180	13	indicating	indicate	VERB
cjfa-56736	180	14	realized	realize	VERB
cjfa-56736	180	15	gains	gain	NOUN
cjfa-56736	180	16	or	or	CCONJ
cjfa-56736	180	17	losses	loss	NOUN
cjfa-56736	180	18	over	over	ADP
cjfa-56736	180	19	the	the	DET
cjfa-56736	180	20	entire	entire	ADJ
cjfa-56736	180	21	listing	listing	NOUN
cjfa-56736	180	22	period	period	NOUN
cjfa-56736	180	23	.	.	PUNCT
cjfa-56736	181	1	7	7	X
cjfa-56736	181	2	.	.	X
cjfa-56736	181	3	delisting	delist	VERB
cjfa-56736	181	4	:	:	PUNCT
cjfa-56736	181	5	dummy	dummy	ADJ
cjfa-56736	181	6	variable	variable	NOUN
cjfa-56736	181	7	equal	equal	ADJ
cjfa-56736	181	8	to	to	ADP
cjfa-56736	181	9	one	one	NUM
cjfa-56736	181	10	if	if	SCONJ
cjfa-56736	181	11	a	a	DET
cjfa-56736	181	12	listed	list	VERB
cjfa-56736	181	13	project	project	NOUN
cjfa-56736	181	14	has	have	AUX
cjfa-56736	181	15	been	be	AUX
cjfa-56736	181	16	delisted	delist	VERB
cjfa-56736	181	17	on	on	ADP
cjfa-56736	181	18	one	one	NUM
cjfa-56736	181	19	or	or	CCONJ
cjfa-56736	181	20	more	more	ADV
cjfa-56736	181	21	token	token	ADJ
cjfa-56736	181	22	exchange	exchange	NOUN
cjfa-56736	181	23	platforms	platform	NOUN
cjfa-56736	181	24	,	,	PUNCT
cjfa-56736	181	25	and	and	CCONJ
cjfa-56736	181	26	zero	zero	NUM
cjfa-56736	181	27	otherwise	otherwise	ADV
cjfa-56736	181	28	.	.	PUNCT
cjfa-56736	182	1	(	(	PUNCT
cjfa-56736	182	2	9	9	NUM
cjfa-56736	182	3	)	)	SYM
cjfa-56736	182	4	3	3	NUM
cjfa-56736	182	5	.	.	PUNCT
cjfa-56736	183	1	first	first	ADJ
cjfa-56736	183	2	-	-	PUNCT
cjfa-56736	183	3	day	day	NOUN
cjfa-56736	183	4	abnormal	abnormal	ADJ
cjfa-56736	183	5	return	return	NOUN
cjfa-56736	183	6	(	(	PUNCT
cjfa-56736	183	7	vw	vw	NOUN
cjfa-56736	183	8	):	):	PUNCT
cjfa-56736	183	9	the	the	DET
cjfa-56736	183	10	value	value	NOUN
cjfa-56736	183	11	-	-	PUNCT
cjfa-56736	183	12	weighted	weight	VERB
cjfa-56736	183	13	abnormal	abnormal	ADJ
cjfa-56736	183	14	return	return	NOUN
cjfa-56736	183	15	(	(	PUNCT
cjfa-56736	183	16	vwari	vwari	NOUN
cjfa-56736	183	17	)	)	PUNCT
cjfa-56736	183	18	of	of	ADP
cjfa-56736	183	19	an	an	DET
cjfa-56736	183	20	ico	ico	PROPN
cjfa-56736	183	21	company	company	NOUN
cjfa-56736	183	22	i	i	PRON
cjfa-56736	183	23	is	be	AUX
cjfa-56736	183	24	determined	determine	VERB
cjfa-56736	183	25	by	by	ADP
cjfa-56736	183	26	calculating	calculate	VERB
cjfa-56736	183	27	the	the	DET
cjfa-56736	183	28	difference	difference	NOUN
cjfa-56736	183	29	between	between	ADP
cjfa-56736	183	30	ico	ico	PROPN
cjfa-56736	183	31	company	company	NOUN
cjfa-56736	183	32	i	i	PRON
cjfa-56736	183	33	’s	’	VERB
cjfa-56736	183	34	first	first	ADJ
cjfa-56736	183	35	-	-	PUNCT
cjfa-56736	183	36	day	day	NOUN
cjfa-56736	183	37	return	return	NOUN
cjfa-56736	183	38	,	,	PUNCT
cjfa-56736	183	39	ri	ri	NOUN
cjfa-56736	183	40	,	,	PUNCT
cjfa-56736	183	41	and	and	CCONJ
cjfa-56736	183	42	an	an	DET
cjfa-56736	183	43	average	average	ADJ
cjfa-56736	183	44	market	market	NOUN
cjfa-56736	183	45	return	return	NOUN
cjfa-56736	183	46	on	on	ADP
cjfa-56736	183	47	the	the	DET
cjfa-56736	183	48	first	first	ADJ
cjfa-56736	183	49	trading	trading	NOUN
cjfa-56736	183	50	day	day	NOUN
cjfa-56736	183	51	,	,	PUNCT
cjfa-56736	183	52	t	t	PROPN
cjfa-56736	183	53	,	,	PUNCT
cjfa-56736	183	54	of	of	ADP
cjfa-56736	183	55	token	token	ADJ
cjfa-56736	183	56	i.	i.	NOUN
cjfa-56736	183	57	this	this	DET
cjfa-56736	183	58	average	average	ADJ
cjfa-56736	183	59	return	return	NOUN
cjfa-56736	183	60	is	be	AUX
cjfa-56736	183	61	weighted	weight	VERB
cjfa-56736	183	62	by	by	ADP
cjfa-56736	183	63	the	the	DET
cjfa-56736	183	64	market	market	NOUN
cjfa-56736	183	65	capitalization	capitalization	NOUN
cjfa-56736	183	66	,	,	PUNCT
cjfa-56736	183	67	mcj	mcj	PROPN
cjfa-56736	183	68	,	,	PUNCT
cjfa-56736	183	69	t	t	PROPN
cjfa-56736	183	70	,	,	PUNCT
cjfa-56736	183	71	of	of	ADP
cjfa-56736	183	72	all	all	DET
cjfa-56736	183	73	other	other	ADJ
cjfa-56736	183	74	exchange	exchange	NOUN
cjfa-56736	183	75	-	-	PUNCT
cjfa-56736	183	76	listed	list	VERB
cjfa-56736	183	77	crypto	crypto	ADJ
cjfa-56736	183	78	-	-	ADJ
cjfa-56736	183	79	currency	currency	NOUN
cjfa-56736	183	80	tokens	token	NOUN
cjfa-56736	183	81	j	j	PROPN
cjfa-56736	183	82	=	=	SYM
cjfa-56736	183	83	1	1	NUM
cjfa-56736	183	84	,	,	PUNCT
cjfa-56736	183	85	...	...	PUNCT
cjfa-56736	183	86	,	,	PUNCT
cjfa-56736	183	87	n.	n.	NOUN
cjfa-56736	183	88	this	this	DET
cjfa-56736	183	89	measure	measure	NOUN
cjfa-56736	183	90	assesses	assess	VERB
cjfa-56736	183	91	the	the	DET
cjfa-56736	183	92	relative	relative	ADJ
cjfa-56736	183	93	performance	performance	NOUN
cjfa-56736	183	94	of	of	ADP
cjfa-56736	183	95	the	the	DET
cjfa-56736	183	96	icoi	icoi	NOUN
cjfa-56736	183	97	company	company	NOUN
cjfa-56736	183	98	compared	compare	VERB
cjfa-56736	183	99	to	to	ADP
cjfa-56736	183	100	the	the	DET
cjfa-56736	183	101	overall	overall	ADJ
cjfa-56736	183	102	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	183	103	market	market	NOUN
cjfa-56736	183	104	at	at	ADP
cjfa-56736	183	105	the	the	DET
cjfa-56736	183	106	time	time	NOUN
cjfa-56736	183	107	of	of	ADP
cjfa-56736	183	108	its	its	PRON
cjfa-56736	183	109	ipo	ipo	NOUN
cjfa-56736	183	110	.	.	PUNCT
cjfa-56736	184	1	by	by	ADP
cjfa-56736	184	2	adjusting	adjust	VERB
cjfa-56736	184	3	the	the	DET
cjfa-56736	184	4	performance	performance	NOUN
cjfa-56736	184	5	of	of	ADP
cjfa-56736	184	6	the	the	DET
cjfa-56736	184	7	company	company	NOUN
cjfa-56736	184	8	ico	ico	PROPN
cjfa-56736	184	9	i	i	PRON
cjfa-56736	184	10	according	accord	VERB
cjfa-56736	184	11	to	to	ADP
cjfa-56736	184	12	the	the	DET
cjfa-56736	184	13	market	market	NOUN
cjfa-56736	184	14	capitalization	capitalization	NOUN
cjfa-56736	184	15	of	of	ADP
cjfa-56736	184	16	the	the	DET
cjfa-56736	184	17	other	other	ADJ
cjfa-56736	184	18	tokens	token	NOUN
cjfa-56736	184	19	.	.	PUNCT
cjfa-56736	185	1	subtracting	subtract	VERB
cjfa-56736	185	2	the	the	DET
cjfa-56736	185	3	first	first	ADJ
cjfa-56736	185	4	opening	opening	NOUN
cjfa-56736	185	5	price	price	NOUN
cjfa-56736	185	6	from	from	ADP
cjfa-56736	185	7	the	the	DET
cjfa-56736	185	8	first	first	ADJ
cjfa-56736	185	9	closing	closing	NOUN
cjfa-56736	185	10	price	price	NOUN
cjfa-56736	185	11	,	,	PUNCT
cjfa-56736	185	12	i.e.	i.e.	X
cjfa-56736	185	13	(	(	PUNCT
cjfa-56736	185	14	pi,1	pi,1	PROPN
cjfa-56736	185	15	pi,0	pi,0	PROPN
cjfa-56736	185	16	)	)	PUNCT
cjfa-56736	185	17	.	.	PUNCT
cjfa-56736	186	1	this	this	DET
cjfa-56736	186	2	measure	measure	NOUN
cjfa-56736	186	3	makes	make	VERB
cjfa-56736	186	4	it	it	PRON
cjfa-56736	186	5	possible	possible	ADJ
cjfa-56736	186	6	to	to	PART
cjfa-56736	186	7	assess	assess	VERB
cjfa-56736	186	8	the	the	DET
cjfa-56736	186	9	variation	variation	NOUN
cjfa-56736	186	10	in	in	ADP
cjfa-56736	186	11	share	share	NOUN
cjfa-56736	186	12	price	price	NOUN
cjfa-56736	186	13	from	from	ADP
cjfa-56736	186	14	the	the	DET
cjfa-56736	186	15	first	first	ADJ
cjfa-56736	186	16	day	day	NOUN
cjfa-56736	186	17	of	of	ADP
cjfa-56736	186	18	trading	trading	NOUN
cjfa-56736	186	19	.	.	PUNCT
cjfa-56736	187	1	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	187	2	�	�	PROPN
cjfa-56736	187	3	�	�	PROPN
cjfa-56736	187	4	�	�	PROPN
cjfa-56736	187	5	�	�	PROPN
cjfa-56736	187	6	,	,	PUNCT
cjfa-56736	187	7	�	�	PROPN
cjfa-56736	187	8	�	�	PROPN
cjfa-56736	187	9	�	�	PROPN
cjfa-56736	187	10	�	�	PROPN
cjfa-56736	187	11	,	,	PUNCT
cjfa-56736	187	12	�	�	PROPN
cjfa-56736	187	13	�	�	PROPN
cjfa-56736	187	14	�	�	PROPN
cjfa-56736	187	15	,	,	PUNCT
cjfa-56736	187	16	�	�	PROPN
cjfa-56736	187	17	(	(	PUNCT
cjfa-56736	187	18	8)	8)	NUM
cjfa-56736	187	19	2	2	NUM
cjfa-56736	187	20	.	.	PUNCT
cjfa-56736	188	1	first	first	ADJ
cjfa-56736	188	2	-	-	PUNCT
cjfa-56736	188	3	day	day	NOUN
cjfa-56736	188	4	abnormal	abnormal	ADJ
cjfa-56736	188	5	return	return	NOUN
cjfa-56736	188	6	(	(	PUNCT
cjfa-56736	188	7	ew	ew	INTJ
cjfa-56736	188	8	):	):	PUNCT
cjfa-56736	188	9	the	the	DET
cjfa-56736	188	10	equalized	equalized	ADJ
cjfa-56736	188	11	abnormal	abnormal	ADJ
cjfa-56736	188	12	return	return	NOUN
cjfa-56736	188	13	(	(	PUNCT
cjfa-56736	188	14	ewari	ewari	NOUN
cjfa-56736	188	15	)	)	PUNCT
cjfa-56736	188	16	of	of	ADP
cjfa-56736	188	17	an	an	DET
cjfa-56736	188	18	ico	ico	PROPN
cjfa-56736	188	19	company	company	NOUN
cjfa-56736	188	20	i	i	PRON
cjfa-56736	188	21	refers	refer	VERB
cjfa-56736	188	22	to	to	ADP
cjfa-56736	188	23	the	the	DET
cjfa-56736	188	24	correction	correction	NOUN
cjfa-56736	188	25	of	of	ADP
cjfa-56736	188	26	company	company	NOUN
cjfa-56736	188	27	i	i	PRON
cjfa-56736	188	28	's	's	PART
cjfa-56736	188	29	first	first	ADJ
cjfa-56736	188	30	-	-	PUNCT
cjfa-56736	188	31	day	day	NOUN
cjfa-56736	188	32	return	return	NOUN
cjfa-56736	188	33	,	,	PUNCT
cjfa-56736	188	34	ri	ri	PROPN
cjfa-56736	188	35	,	,	PUNCT
cjfa-56736	188	36	to	to	ADP
cjfa-56736	188	37	the	the	DET
cjfa-56736	188	38	equalized	equalized	ADJ
cjfa-56736	188	39	average	average	ADJ
cjfa-56736	188	40	return	return	NOUN
cjfa-56736	188	41	of	of	ADP
cjfa-56736	188	42	all	all	DET
cjfa-56736	188	43	other	other	ADJ
cjfa-56736	188	44	listed	list	VERB
cjfa-56736	188	45	crypto	crypto	NOUN
cjfa-56736	188	46	-	-	NOUN
cjfa-56736	188	47	currencies	currency	NOUN
cjfa-56736	188	48	,	,	PUNCT
cjfa-56736	188	49	j	j	PROPN
cjfa-56736	188	50	=	=	SYM
cjfa-56736	188	51	1	1	NUM
cjfa-56736	188	52	,	,	PUNCT
cjfa-56736	188	53	.	.	PUNCT
cjfa-56736	189	1	.	.	PUNCT
cjfa-56736	189	2	,	,	PUNCT
cjfa-56736	189	3	n	n	CCONJ
cjfa-56736	189	4	,	,	PUNCT
cjfa-56736	189	5	on	on	ADP
cjfa-56736	189	6	the	the	DET
cjfa-56736	189	7	initial	initial	ADJ
cjfa-56736	189	8	trading	trading	NOUN
cjfa-56736	189	9	day	day	NOUN
cjfa-56736	189	10	of	of	ADP
cjfa-56736	189	11	ico	ico	PROPN
cjfa-56736	189	12	company	company	NOUN
cjfa-56736	189	13	i	i	PRON
cjfa-56736	189	14	's	be	AUX
cjfa-56736	189	15	token	token	VERB
cjfa-56736	189	16	,	,	PUNCT
cjfa-56736	189	17	t.	t.	PROPN
cjfa-56736	189	18	this	this	DET
cjfa-56736	189	19	measure	measure	NOUN
cjfa-56736	189	20	assesses	assess	VERB
cjfa-56736	189	21	the	the	DET
cjfa-56736	189	22	ico	ico	PROPN
cjfa-56736	189	23	company	company	NOUN
cjfa-56736	189	24	's	's	PART
cjfa-56736	189	25	relative	relative	ADJ
cjfa-56736	189	26	performance	performance	NOUN
cjfa-56736	189	27	to	to	ADP
cjfa-56736	189	28	the	the	DET
cjfa-56736	189	29	overall	overall	ADJ
cjfa-56736	189	30	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	189	31	market	market	NOUN
cjfa-56736	189	32	on	on	ADP
cjfa-56736	189	33	its	its	PRON
cjfa-56736	189	34	first	first	ADJ
cjfa-56736	189	35	day	day	NOUN
cjfa-56736	189	36	of	of	ADP
cjfa-56736	189	37	trading	trading	NOUN
cjfa-56736	189	38	.	.	PUNCT
cjfa-56736	190	1	by	by	ADP
cjfa-56736	190	2	adjusting	adjust	VERB
cjfa-56736	190	3	the	the	DET
cjfa-56736	190	4	performance	performance	NOUN
cjfa-56736	190	5	of	of	ADP
cjfa-56736	190	6	company	company	NOUN
cjfa-56736	190	7	ico	ico	PROPN
cjfa-56736	190	8	i	i	PRON
cjfa-56736	190	9	according	accord	VERB
cjfa-56736	190	10	to	to	ADP
cjfa-56736	190	11	the	the	DET
cjfa-56736	190	12	general	general	ADJ
cjfa-56736	190	13	market	market	NOUN
cjfa-56736	190	14	context	context	NOUN
cjfa-56736	190	15	.	.	PUNCT
cjfa-56736	191	1	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	𝐸𝐸𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	191	2	�	�	PROPN
cjfa-56736	191	3	�	�	PROPN
cjfa-56736	191	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	191	5	�	�	PROPN
cjfa-56736	191	6	�	�	PROPN
cjfa-56736	191	7	�	�	PROPN
cjfa-56736	191	8	�	�	PROPN
cjfa-56736	191	9	∑	∑	PROPN
cjfa-56736	191	10	�	�	PROPN
cjfa-56736	191	11	�	�	PROPN
cjfa-56736	191	12	,	,	PUNCT
cjfa-56736	191	13	�	�	PROPN
cjfa-56736	191	14	�	�	PROPN
cjfa-56736	191	15	�	�	PROPN
cjfa-56736	191	16	�	�	PROPN
cjfa-56736	191	17	,	,	PUNCT
cjfa-56736	191	18	�	�	PROPN
cjfa-56736	191	19	�	�	PROPN
cjfa-56736	191	20	�	�	PROPN
cjfa-56736	191	21	�	�	PROPN
cjfa-56736	191	22	�	�	PROPN
cjfa-56736	191	23	,	,	PUNCT
cjfa-56736	191	24	�	�	PROPN
cjfa-56736	191	25	�	�	PROPN
cjfa-56736	191	26	�	�	PROPN
cjfa-56736	191	27	�	�	PROPN
cjfa-56736	191	28	�	�	PROPN
cjfa-56736	191	29	�	�	PROPN
cjfa-56736	191	30	�	�	PROPN
cjfa-56736	191	31	,	,	PUNCT
cjfa-56736	191	32	�	�	PROPN
cjfa-56736	191	33	�	�	PROPN
cjfa-56736	191	34	�	�	PROPN
cjfa-56736	191	35	(	(	PUNCT
cjfa-56736	191	36	9	9	NUM
cjfa-56736	191	37	)	)	PUNCT
cjfa-56736	191	38	3	3	NUM
cjfa-56736	191	39	.	.	PUNCT
cjfa-56736	191	40	first	first	ADJ
cjfa-56736	191	41	-	-	PUNCT
cjfa-56736	191	42	day	day	NOUN
cjfa-56736	191	43	abnormal	abnormal	ADJ
cjfa-56736	191	44	return	return	NOUN
cjfa-56736	191	45	(	(	PUNCT
cjfa-56736	191	46	vw	vw	NOUN
cjfa-56736	191	47	):	):	PUNCT
cjfa-56736	191	48	the	the	DET
cjfa-56736	191	49	value	value	NOUN
cjfa-56736	191	50	-	-	PUNCT
cjfa-56736	191	51	weighted	weight	VERB
cjfa-56736	191	52	abnormal	abnormal	ADJ
cjfa-56736	191	53	return	return	NOUN
cjfa-56736	191	54	(	(	PUNCT
cjfa-56736	191	55	vwari	vwari	NOUN
cjfa-56736	191	56	)	)	PUNCT
cjfa-56736	191	57	of	of	ADP
cjfa-56736	191	58	an	an	DET
cjfa-56736	191	59	ico	ico	PROPN
cjfa-56736	191	60	company	company	NOUN
cjfa-56736	191	61	i	i	PRON
cjfa-56736	191	62	is	be	AUX
cjfa-56736	191	63	determined	determine	VERB
cjfa-56736	191	64	by	by	ADP
cjfa-56736	191	65	calculating	calculate	VERB
cjfa-56736	191	66	the	the	DET
cjfa-56736	191	67	difference	difference	NOUN
cjfa-56736	191	68	between	between	ADP
cjfa-56736	191	69	ico	ico	PROPN
cjfa-56736	191	70	company	company	NOUN
cjfa-56736	191	71	i	i	PRON
cjfa-56736	191	72	's	's	PART
cjfa-56736	191	73	first	first	ADJ
cjfa-56736	191	74	-	-	PUNCT
cjfa-56736	191	75	day	day	NOUN
cjfa-56736	191	76	return	return	NOUN
cjfa-56736	191	77	,	,	PUNCT
cjfa-56736	191	78	ri	ri	NOUN
cjfa-56736	191	79	,	,	PUNCT
cjfa-56736	191	80	and	and	CCONJ
cjfa-56736	191	81	an	an	DET
cjfa-56736	191	82	average	average	ADJ
cjfa-56736	191	83	market	market	NOUN
cjfa-56736	191	84	return	return	NOUN
cjfa-56736	191	85	on	on	ADP
cjfa-56736	191	86	the	the	DET
cjfa-56736	191	87	first	first	ADJ
cjfa-56736	191	88	trading	trading	NOUN
cjfa-56736	191	89	day	day	NOUN
cjfa-56736	191	90	,	,	PUNCT
cjfa-56736	191	91	t	t	PROPN
cjfa-56736	191	92	,	,	PUNCT
cjfa-56736	191	93	of	of	ADP
cjfa-56736	191	94	token	token	ADJ
cjfa-56736	191	95	i.	i.	NOUN
cjfa-56736	191	96	this	this	DET
cjfa-56736	191	97	average	average	ADJ
cjfa-56736	191	98	return	return	NOUN
cjfa-56736	191	99	is	be	AUX
cjfa-56736	191	100	weighted	weight	VERB
cjfa-56736	191	101	by	by	ADP
cjfa-56736	191	102	the	the	DET
cjfa-56736	191	103	market	market	NOUN
cjfa-56736	191	104	capitalization	capitalization	NOUN
cjfa-56736	191	105	,	,	PUNCT
cjfa-56736	191	106	mcj	mcj	PROPN
cjfa-56736	191	107	,	,	PUNCT
cjfa-56736	191	108	t	t	PROPN
cjfa-56736	191	109	,	,	PUNCT
cjfa-56736	191	110	of	of	ADP
cjfa-56736	191	111	all	all	DET
cjfa-56736	191	112	other	other	ADJ
cjfa-56736	191	113	exchange	exchange	NOUN
cjfa-56736	191	114	-	-	PUNCT
cjfa-56736	191	115	listed	list	VERB
cjfa-56736	191	116	crypto	crypto	ADJ
cjfa-56736	191	117	-	-	ADJ
cjfa-56736	191	118	currency	currency	NOUN
cjfa-56736	191	119	tokens	token	NOUN
cjfa-56736	191	120	j	j	PROPN
cjfa-56736	191	121	=	=	SYM
cjfa-56736	191	122	1	1	NUM
cjfa-56736	191	123	,	,	PUNCT
cjfa-56736	191	124	...	...	PUNCT
cjfa-56736	191	125	,	,	PUNCT
cjfa-56736	191	126	n.	n.	NOUN
cjfa-56736	191	127	this	this	DET
cjfa-56736	191	128	measure	measure	NOUN
cjfa-56736	191	129	assesses	assess	VERB
cjfa-56736	191	130	the	the	DET
cjfa-56736	191	131	relative	relative	ADJ
cjfa-56736	191	132	performance	performance	NOUN
cjfa-56736	191	133	of	of	ADP
cjfa-56736	191	134	the	the	DET
cjfa-56736	191	135	icoi	icoi	NOUN
cjfa-56736	191	136	company	company	NOUN
cjfa-56736	191	137	compared	compare	VERB
cjfa-56736	191	138	to	to	ADP
cjfa-56736	191	139	the	the	DET
cjfa-56736	191	140	overall	overall	ADJ
cjfa-56736	191	141	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	191	142	market	market	NOUN
cjfa-56736	191	143	at	at	ADP
cjfa-56736	191	144	the	the	DET
cjfa-56736	191	145	time	time	NOUN
cjfa-56736	191	146	of	of	ADP
cjfa-56736	191	147	its	its	PRON
cjfa-56736	191	148	ipo	ipo	NOUN
cjfa-56736	191	149	.	.	PUNCT
cjfa-56736	192	1	by	by	ADP
cjfa-56736	192	2	adjusting	adjust	VERB
cjfa-56736	192	3	the	the	DET
cjfa-56736	192	4	performance	performance	NOUN
cjfa-56736	192	5	of	of	ADP
cjfa-56736	192	6	the	the	DET
cjfa-56736	192	7	company	company	NOUN
cjfa-56736	192	8	ico	ico	PROPN
cjfa-56736	192	9	i	i	PRON
cjfa-56736	192	10	according	accord	VERB
cjfa-56736	192	11	to	to	ADP
cjfa-56736	192	12	the	the	DET
cjfa-56736	192	13	market	market	NOUN
cjfa-56736	192	14	capitalization	capitalization	NOUN
cjfa-56736	192	15	of	of	ADP
cjfa-56736	192	16	the	the	DET
cjfa-56736	192	17	other	other	ADJ
cjfa-56736	192	18	tokens	token	NOUN
cjfa-56736	192	19	.	.	PUNCT
cjfa-56736	193	1	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	𝑉𝑉𝐸𝐸𝐸𝐸𝑅𝑅	PROPN
cjfa-56736	193	2	�	�	PROPN
cjfa-56736	193	3	�	�	PROPN
cjfa-56736	193	4	𝑅𝑅	𝑅𝑅	PROPN
cjfa-56736	193	5	�	�	PROPN
cjfa-56736	193	6	�	�	PROPN
cjfa-56736	193	7	∑	∑	PROPN
cjfa-56736	193	8	�	�	PROPN
cjfa-56736	193	9	�	�	PROPN
cjfa-56736	193	10	�	�	PROPN
cjfa-56736	193	11	�	�	PROPN
cjfa-56736	193	12	,	,	PUNCT
cjfa-56736	193	13	�	�	PROPN
cjfa-56736	193	14	∑	∑	PUNCT
cjfa-56736	193	15	�	�	PROPN
cjfa-56736	193	16	�	�	PROPN
cjfa-56736	193	17	�	�	PROPN
cjfa-56736	193	18	,	,	PUNCT
cjfa-56736	193	19	�	�	PROPN
cjfa-56736	193	20	�	�	PROPN
cjfa-56736	193	21	�	�	PROPN
cjfa-56736	193	22	�	�	PROPN
cjfa-56736	193	23	�	�	PROPN
cjfa-56736	193	24	�	�	PROPN
cjfa-56736	193	25	�	�	PROPN
cjfa-56736	193	26	�	�	PROPN
cjfa-56736	193	27	,	,	PUNCT
cjfa-56736	193	28	�	�	PROPN
cjfa-56736	193	29	�	�	PROPN
cjfa-56736	193	30	�	�	PROPN
cjfa-56736	193	31	�	�	PROPN
cjfa-56736	193	32	,	,	PUNCT
cjfa-56736	193	33	�	�	PROPN
cjfa-56736	193	34	�	�	PROPN
cjfa-56736	193	35	�	�	PROPN
cjfa-56736	193	36	�	�	PROPN
cjfa-56736	193	37	�	�	PROPN
cjfa-56736	193	38	,	,	PUNCT
cjfa-56736	193	39	�	�	PROPN
cjfa-56736	193	40	�	�	PROPN
cjfa-56736	193	41	�	�	PROPN
cjfa-56736	193	42	�	�	PROPN
cjfa-56736	193	43	�	�	PROPN
cjfa-56736	193	44	�	�	PROPN
cjfa-56736	193	45	�	�	PROPN
cjfa-56736	193	46	�	�	PROPN
cjfa-56736	193	47	,	,	PUNCT
cjfa-56736	193	48	�	�	PROPN
cjfa-56736	193	49	�	�	PROPN
cjfa-56736	193	50	�	�	PROPN
cjfa-56736	193	51	(	(	PUNCT
cjfa-56736	193	52	10	10	NUM
cjfa-56736	193	53	)	)	PUNCT
cjfa-56736	193	54	4	4	NUM
cjfa-56736	193	55	.	.	X
cjfa-56736	194	1	ico	ico	PROPN
cjfa-56736	194	2	gross	gross	ADJ
cjfa-56736	194	3	proceeds	proceed	NOUN
cjfa-56736	194	4	:	:	PUNCT
cjfa-56736	194	5	the	the	DET
cjfa-56736	194	6	total	total	ADJ
cjfa-56736	194	7	amount	amount	NOUN
cjfa-56736	194	8	of	of	ADP
cjfa-56736	194	9	funds	fund	NOUN
cjfa-56736	194	10	raised	raise	VERB
cjfa-56736	194	11	through	through	ADP
cjfa-56736	194	12	the	the	DET
cjfa-56736	194	13	ico	ico	NOUN
cjfa-56736	194	14	,	,	PUNCT
cjfa-56736	194	15	expressed	express	VERB
cjfa-56736	194	16	in	in	ADP
cjfa-56736	194	17	thousands	thousand	NOUN
cjfa-56736	194	18	of	of	ADP
cjfa-56736	194	19	usd	usd	NOUN
cjfa-56736	194	20	.	.	PROPN
cjfa-56736	195	1	5	5	NUM
cjfa-56736	195	2	.	.	NOUN
cjfa-56736	195	3	time	time	NOUN
cjfa-56736	195	4	-	-	PUNCT
cjfa-56736	195	5	to	to	ADP
cjfa-56736	195	6	-	-	PUNCT
cjfa-56736	195	7	market	market	NOUN
cjfa-56736	195	8	:	:	PUNCT
cjfa-56736	195	9	the	the	DET
cjfa-56736	195	10	difference	difference	NOUN
cjfa-56736	195	11	in	in	ADP
cjfa-56736	195	12	days	day	NOUN
cjfa-56736	195	13	between	between	ADP
cjfa-56736	195	14	the	the	DET
cjfa-56736	195	15	start	start	NOUN
cjfa-56736	195	16	of	of	ADP
cjfa-56736	195	17	the	the	DET
cjfa-56736	195	18	ico	ico	PROPN
cjfa-56736	195	19	and	and	CCONJ
cjfa-56736	195	20	the	the	DET
cjfa-56736	195	21	project	project	NOUN
cjfa-56736	195	22	creation	creation	NOUN
cjfa-56736	195	23	date	date	NOUN
cjfa-56736	195	24	.	.	PUNCT
cjfa-56736	196	1	6	6	NUM
cjfa-56736	196	2	.	.	NUM
cjfa-56736	196	3	nominal	nominal	ADJ
cjfa-56736	196	4	return	return	NOUN
cjfa-56736	196	5	:	:	PUNCT
cjfa-56736	196	6	"	"	PUNCT
cjfa-56736	196	7	nominal	nominal	ADJ
cjfa-56736	196	8	returns	return	NOUN
cjfa-56736	196	9	"	"	PUNCT
cjfa-56736	196	10	for	for	ADP
cjfa-56736	196	11	an	an	DET
cjfa-56736	196	12	ico	ico	PROPN
cjfa-56736	196	13	can	can	AUX
cjfa-56736	196	14	be	be	AUX
cjfa-56736	196	15	defined	define	VERB
cjfa-56736	196	16	as	as	ADP
cjfa-56736	196	17	the	the	DET
cjfa-56736	196	18	observed	observed	ADJ
cjfa-56736	196	19	trading	trading	NOUN
cjfa-56736	196	20	price	price	NOUN
cjfa-56736	196	21	variations	variation	NOUN
cjfa-56736	196	22	of	of	ADP
cjfa-56736	196	23	a	a	DET
cjfa-56736	196	24	token	token	NOUN
cjfa-56736	196	25	from	from	ADP
cjfa-56736	196	26	the	the	DET
cjfa-56736	196	27	initial	initial	ADJ
cjfa-56736	196	28	coin	coin	NOUN
cjfa-56736	196	29	offering	offering	NOUN
cjfa-56736	196	30	(	(	PUNCT
cjfa-56736	196	31	ico	ico	PROPN
cjfa-56736	196	32	)	)	PUNCT
cjfa-56736	196	33	.	.	PUNCT
cjfa-56736	197	1	these	these	DET
cjfa-56736	197	2	returns	return	NOUN
cjfa-56736	197	3	reflect	reflect	VERB
cjfa-56736	197	4	the	the	DET
cjfa-56736	197	5	difference	difference	NOUN
cjfa-56736	197	6	between	between	ADP
cjfa-56736	197	7	the	the	DET
cjfa-56736	197	8	opening	opening	NOUN
cjfa-56736	197	9	price	price	NOUN
cjfa-56736	197	10	on	on	ADP
cjfa-56736	197	11	the	the	DET
cjfa-56736	197	12	first	first	ADJ
cjfa-56736	197	13	day	day	NOUN
cjfa-56736	197	14	and	and	CCONJ
cjfa-56736	197	15	the	the	DET
cjfa-56736	197	16	closing	closing	NOUN
cjfa-56736	197	17	price	price	NOUN
cjfa-56736	197	18	on	on	ADP
cjfa-56736	197	19	the	the	DET
cjfa-56736	197	20	last	last	ADJ
cjfa-56736	197	21	day	day	NOUN
cjfa-56736	197	22	of	of	ADP
cjfa-56736	197	23	token	token	ADJ
cjfa-56736	197	24	trading	trading	NOUN
cjfa-56736	197	25	.	.	PUNCT
cjfa-56736	198	1	they	they	PRON
cjfa-56736	198	2	provide	provide	VERB
cjfa-56736	198	3	a	a	DET
cjfa-56736	198	4	measure	measure	NOUN
cjfa-56736	198	5	of	of	ADP
cjfa-56736	198	6	an	an	DET
cjfa-56736	198	7	ico	ico	PROPN
cjfa-56736	198	8	's	's	PART
cjfa-56736	198	9	initial	initial	ADJ
cjfa-56736	198	10	financial	financial	ADJ
cjfa-56736	198	11	performance	performance	NOUN
cjfa-56736	198	12	,	,	PUNCT
cjfa-56736	198	13	indicating	indicate	VERB
cjfa-56736	198	14	realized	realize	VERB
cjfa-56736	198	15	gains	gain	NOUN
cjfa-56736	198	16	or	or	CCONJ
cjfa-56736	198	17	losses	loss	NOUN
cjfa-56736	198	18	over	over	ADP
cjfa-56736	198	19	the	the	DET
cjfa-56736	198	20	entire	entire	ADJ
cjfa-56736	198	21	listing	listing	NOUN
cjfa-56736	198	22	period	period	NOUN
cjfa-56736	198	23	.	.	PUNCT
cjfa-56736	199	1	7	7	X
cjfa-56736	199	2	.	.	X
cjfa-56736	199	3	delisting	delist	VERB
cjfa-56736	199	4	:	:	PUNCT
cjfa-56736	199	5	dummy	dummy	ADJ
cjfa-56736	199	6	variable	variable	NOUN
cjfa-56736	199	7	equal	equal	ADJ
cjfa-56736	199	8	to	to	ADP
cjfa-56736	199	9	one	one	NUM
cjfa-56736	199	10	if	if	SCONJ
cjfa-56736	199	11	a	a	DET
cjfa-56736	199	12	listed	list	VERB
cjfa-56736	199	13	project	project	NOUN
cjfa-56736	199	14	has	have	AUX
cjfa-56736	199	15	been	be	AUX
cjfa-56736	199	16	delisted	delist	VERB
cjfa-56736	199	17	on	on	ADP
cjfa-56736	199	18	one	one	NUM
cjfa-56736	199	19	or	or	CCONJ
cjfa-56736	199	20	more	more	ADV
cjfa-56736	199	21	token	token	ADJ
cjfa-56736	199	22	exchange	exchange	NOUN
cjfa-56736	199	23	platforms	platform	NOUN
cjfa-56736	199	24	,	,	PUNCT
cjfa-56736	199	25	and	and	CCONJ
cjfa-56736	199	26	zero	zero	NUM
cjfa-56736	199	27	otherwise	otherwise	ADV
cjfa-56736	199	28	.	.	PUNCT
cjfa-56736	200	1	(	(	PUNCT
cjfa-56736	200	2	10	10	NUM
cjfa-56736	200	3	)	)	PUNCT
cjfa-56736	200	4	study	study	NOUN
cjfa-56736	200	5	of	of	ADP
cjfa-56736	200	6	the	the	DET
cjfa-56736	200	7	performance	performance	NOUN
cjfa-56736	200	8	and	and	CCONJ
cjfa-56736	200	9	determinants	determinant	NOUN
cjfa-56736	200	10	…	…	PUNCT
cjfa-56736	200	11	1515	1515	NUM
cjfa-56736	200	12	4	4	NUM
cjfa-56736	200	13	.	.	X
cjfa-56736	201	1	ico	ico	PROPN
cjfa-56736	201	2	gross	gross	ADJ
cjfa-56736	201	3	proceeds	proceed	NOUN
cjfa-56736	201	4	:	:	PUNCT
cjfa-56736	201	5	the	the	DET
cjfa-56736	201	6	total	total	ADJ
cjfa-56736	201	7	amount	amount	NOUN
cjfa-56736	201	8	of	of	ADP
cjfa-56736	201	9	funds	fund	NOUN
cjfa-56736	201	10	raised	raise	VERB
cjfa-56736	201	11	through	through	ADP
cjfa-56736	201	12	the	the	DET
cjfa-56736	201	13	ico	ico	NOUN
cjfa-56736	201	14	,	,	PUNCT
cjfa-56736	201	15	expressed	express	VERB
cjfa-56736	201	16	in	in	ADP
cjfa-56736	201	17	thousands	thousand	NOUN
cjfa-56736	201	18	of	of	ADP
cjfa-56736	201	19	usd	usd	NOUN
cjfa-56736	201	20	.	.	PROPN
cjfa-56736	202	1	5	5	NUM
cjfa-56736	202	2	.	.	NOUN
cjfa-56736	202	3	time	time	NOUN
cjfa-56736	202	4	-	-	PUNCT
cjfa-56736	202	5	to	to	ADP
cjfa-56736	202	6	-	-	PUNCT
cjfa-56736	202	7	market	market	NOUN
cjfa-56736	202	8	:	:	PUNCT
cjfa-56736	202	9	the	the	DET
cjfa-56736	202	10	difference	difference	NOUN
cjfa-56736	202	11	in	in	ADP
cjfa-56736	202	12	days	day	NOUN
cjfa-56736	202	13	between	between	ADP
cjfa-56736	202	14	the	the	DET
cjfa-56736	202	15	start	start	NOUN
cjfa-56736	202	16	of	of	ADP
cjfa-56736	202	17	the	the	DET
cjfa-56736	202	18	ico	ico	PROPN
cjfa-56736	202	19	and	and	CCONJ
cjfa-56736	202	20	the	the	DET
cjfa-56736	202	21	project	project	NOUN
cjfa-56736	202	22	creation	creation	NOUN
cjfa-56736	202	23	date	date	NOUN
cjfa-56736	202	24	.	.	PUNCT
cjfa-56736	203	1	6	6	NUM
cjfa-56736	203	2	.	.	NUM
cjfa-56736	203	3	nominal	nominal	ADJ
cjfa-56736	203	4	return	return	NOUN
cjfa-56736	203	5	:	:	PUNCT
cjfa-56736	203	6	“	"	PUNCT
cjfa-56736	203	7	nominal	nominal	ADJ
cjfa-56736	203	8	returns	return	NOUN
cjfa-56736	203	9	”	"	PUNCT
cjfa-56736	203	10	for	for	ADP
cjfa-56736	203	11	an	an	DET
cjfa-56736	203	12	ico	ico	PROPN
cjfa-56736	203	13	can	can	AUX
cjfa-56736	203	14	be	be	AUX
cjfa-56736	203	15	defined	define	VERB
cjfa-56736	203	16	as	as	ADP
cjfa-56736	203	17	the	the	DET
cjfa-56736	203	18	observed	observed	ADJ
cjfa-56736	203	19	trading	trading	NOUN
cjfa-56736	203	20	price	price	NOUN
cjfa-56736	203	21	variations	variation	NOUN
cjfa-56736	203	22	of	of	ADP
cjfa-56736	203	23	a	a	DET
cjfa-56736	203	24	token	token	NOUN
cjfa-56736	203	25	from	from	ADP
cjfa-56736	203	26	the	the	DET
cjfa-56736	203	27	initial	initial	ADJ
cjfa-56736	203	28	coin	coin	NOUN
cjfa-56736	203	29	offering	offering	NOUN
cjfa-56736	203	30	(	(	PUNCT
cjfa-56736	203	31	ico	ico	PROPN
cjfa-56736	203	32	)	)	PUNCT
cjfa-56736	203	33	.	.	PUNCT
cjfa-56736	204	1	these	these	DET
cjfa-56736	204	2	returns	return	NOUN
cjfa-56736	204	3	reflect	reflect	VERB
cjfa-56736	204	4	the	the	DET
cjfa-56736	204	5	difference	difference	NOUN
cjfa-56736	204	6	between	between	ADP
cjfa-56736	204	7	the	the	DET
cjfa-56736	204	8	opening	opening	NOUN
cjfa-56736	204	9	price	price	NOUN
cjfa-56736	204	10	on	on	ADP
cjfa-56736	204	11	the	the	DET
cjfa-56736	204	12	first	first	ADJ
cjfa-56736	204	13	day	day	NOUN
cjfa-56736	204	14	and	and	CCONJ
cjfa-56736	204	15	the	the	DET
cjfa-56736	204	16	closing	closing	NOUN
cjfa-56736	204	17	price	price	NOUN
cjfa-56736	204	18	on	on	ADP
cjfa-56736	204	19	the	the	DET
cjfa-56736	204	20	last	last	ADJ
cjfa-56736	204	21	day	day	NOUN
cjfa-56736	204	22	of	of	ADP
cjfa-56736	204	23	token	token	ADJ
cjfa-56736	204	24	trading	trading	NOUN
cjfa-56736	204	25	.	.	PUNCT
cjfa-56736	205	1	they	they	PRON
cjfa-56736	205	2	provide	provide	VERB
cjfa-56736	205	3	a	a	DET
cjfa-56736	205	4	measure	measure	NOUN
cjfa-56736	205	5	of	of	ADP
cjfa-56736	205	6	an	an	DET
cjfa-56736	205	7	ico	ico	PROPN
cjfa-56736	205	8	’s	’s	PART
cjfa-56736	205	9	initial	initial	ADJ
cjfa-56736	205	10	financial	financial	ADJ
cjfa-56736	205	11	performance	performance	NOUN
cjfa-56736	205	12	,	,	PUNCT
cjfa-56736	205	13	indicating	indicate	VERB
cjfa-56736	205	14	realized	realize	VERB
cjfa-56736	205	15	gains	gain	NOUN
cjfa-56736	205	16	or	or	CCONJ
cjfa-56736	205	17	losses	loss	NOUN
cjfa-56736	205	18	over	over	ADP
cjfa-56736	205	19	the	the	DET
cjfa-56736	205	20	entire	entire	ADJ
cjfa-56736	205	21	listing	listing	NOUN
cjfa-56736	205	22	period	period	NOUN
cjfa-56736	205	23	.	.	PUNCT
cjfa-56736	206	1	7	7	X
cjfa-56736	206	2	.	.	X
cjfa-56736	206	3	delisting	delist	VERB
cjfa-56736	206	4	:	:	PUNCT
cjfa-56736	206	5	dummy	dummy	ADJ
cjfa-56736	206	6	variable	variable	NOUN
cjfa-56736	206	7	equal	equal	ADJ
cjfa-56736	206	8	to	to	ADP
cjfa-56736	206	9	one	one	NUM
cjfa-56736	206	10	if	if	SCONJ
cjfa-56736	206	11	a	a	DET
cjfa-56736	206	12	listed	list	VERB
cjfa-56736	206	13	project	project	NOUN
cjfa-56736	206	14	has	have	AUX
cjfa-56736	206	15	been	be	AUX
cjfa-56736	206	16	delisted	delist	VERB
cjfa-56736	206	17	on	on	ADP
cjfa-56736	206	18	one	one	NUM
cjfa-56736	206	19	or	or	CCONJ
cjfa-56736	206	20	more	more	ADV
cjfa-56736	206	21	token	token	ADJ
cjfa-56736	206	22	exchange	exchange	NOUN
cjfa-56736	206	23	platforms	platform	NOUN
cjfa-56736	206	24	,	,	PUNCT
cjfa-56736	206	25	and	and	CCONJ
cjfa-56736	206	26	zero	zero	NUM
cjfa-56736	206	27	otherwise	otherwise	ADV
cjfa-56736	206	28	.	.	PUNCT
cjfa-56736	207	1	dependent	dependent	ADJ
cjfa-56736	207	2	variables	variable	NOUN
cjfa-56736	207	3	positive	positive	ADJ
cjfa-56736	207	4	first	first	ADJ
cjfa-56736	207	5	-	-	PUNCT
cjfa-56736	207	6	day	day	NOUN
cjfa-56736	207	7	raw	raw	ADJ
cjfa-56736	207	8	return	return	NOUN
cjfa-56736	207	9	:	:	PUNCT
cjfa-56736	207	10	this	this	PRON
cjfa-56736	207	11	is	be	AUX
cjfa-56736	207	12	a	a	DET
cjfa-56736	207	13	dummy	dummy	ADJ
cjfa-56736	207	14	variable	variable	NOUN
cjfa-56736	207	15	that	that	PRON
cjfa-56736	207	16	takes	take	VERB
cjfa-56736	207	17	the	the	DET
cjfa-56736	207	18	value	value	NOUN
cjfa-56736	207	19	of	of	ADP
cjfa-56736	207	20	one	one	NUM
cjfa-56736	207	21	if	if	SCONJ
cjfa-56736	207	22	the	the	DET
cjfa-56736	207	23	first	first	ADJ
cjfa-56736	207	24	-	-	PUNCT
cjfa-56736	207	25	day	day	NOUN
cjfa-56736	207	26	raw	raw	ADJ
cjfa-56736	207	27	return	return	NOUN
cjfa-56736	207	28	is	be	AUX
cjfa-56736	207	29	positive	positive	ADJ
cjfa-56736	207	30	,	,	PUNCT
cjfa-56736	207	31	and	and	CCONJ
cjfa-56736	207	32	takes	take	VERB
cjfa-56736	207	33	the	the	DET
cjfa-56736	207	34	value	value	NOUN
cjfa-56736	207	35	of	of	ADP
cjfa-56736	207	36	zero	zero	NUM
cjfa-56736	207	37	otherwise	otherwise	ADV
cjfa-56736	207	38	.	.	PUNCT
cjfa-56736	208	1	positive	positive	ADJ
cjfa-56736	208	2	first	first	ADJ
cjfa-56736	208	3	-	-	PUNCT
cjfa-56736	208	4	day	day	NOUN
cjfa-56736	208	5	abnormal	abnormal	ADJ
cjfa-56736	208	6	return	return	NOUN
cjfa-56736	208	7	(	(	PUNCT
cjfa-56736	208	8	ew	ew	INTJ
cjfa-56736	208	9	):	):	PUNCT
cjfa-56736	208	10	this	this	PRON
cjfa-56736	208	11	is	be	AUX
cjfa-56736	208	12	a	a	DET
cjfa-56736	208	13	dummy	dummy	ADJ
cjfa-56736	208	14	variable	variable	NOUN
cjfa-56736	208	15	that	that	PRON
cjfa-56736	208	16	takes	take	VERB
cjfa-56736	208	17	the	the	DET
cjfa-56736	208	18	value	value	NOUN
cjfa-56736	208	19	of	of	ADP
cjfa-56736	208	20	one	one	NUM
cjfa-56736	208	21	if	if	SCONJ
cjfa-56736	208	22	the	the	DET
cjfa-56736	208	23	abnormal	abnormal	ADJ
cjfa-56736	208	24	first	first	ADJ
cjfa-56736	208	25	-	-	PUNCT
cjfa-56736	208	26	day	day	NOUN
cjfa-56736	208	27	return	return	NOUN
cjfa-56736	208	28	(	(	PUNCT
cjfa-56736	208	29	ew	ew	NOUN
cjfa-56736	208	30	)	)	PUNCT
cjfa-56736	208	31	is	be	AUX
cjfa-56736	208	32	positive	positive	ADJ
cjfa-56736	208	33	,	,	PUNCT
cjfa-56736	208	34	and	and	CCONJ
cjfa-56736	208	35	takes	take	VERB
cjfa-56736	208	36	the	the	DET
cjfa-56736	208	37	value	value	NOUN
cjfa-56736	208	38	of	of	ADP
cjfa-56736	208	39	zero	zero	NUM
cjfa-56736	208	40	otherwise	otherwise	ADV
cjfa-56736	208	41	.	.	PUNCT
cjfa-56736	209	1	positive	positive	ADJ
cjfa-56736	209	2	first	first	ADJ
cjfa-56736	209	3	-	-	PUNCT
cjfa-56736	209	4	day	day	NOUN
cjfa-56736	209	5	abnormal	abnormal	ADJ
cjfa-56736	209	6	return	return	NOUN
cjfa-56736	209	7	(	(	PUNCT
cjfa-56736	209	8	vw	vw	NOUN
cjfa-56736	209	9	):	):	PUNCT
cjfa-56736	209	10	this	this	PRON
cjfa-56736	209	11	is	be	AUX
cjfa-56736	209	12	a	a	DET
cjfa-56736	209	13	dummy	dummy	ADJ
cjfa-56736	209	14	variable	variable	NOUN
cjfa-56736	209	15	that	that	PRON
cjfa-56736	209	16	takes	take	VERB
cjfa-56736	209	17	the	the	DET
cjfa-56736	209	18	value	value	NOUN
cjfa-56736	209	19	of	of	ADP
cjfa-56736	209	20	one	one	NUM
cjfa-56736	209	21	if	if	SCONJ
cjfa-56736	209	22	the	the	DET
cjfa-56736	209	23	first	first	ADJ
cjfa-56736	209	24	-	-	PUNCT
cjfa-56736	209	25	day	day	NOUN
cjfa-56736	209	26	abnormal	abnormal	ADJ
cjfa-56736	209	27	return	return	NOUN
cjfa-56736	209	28	(	(	PUNCT
cjfa-56736	209	29	vw	vw	NOUN
cjfa-56736	209	30	)	)	PUNCT
cjfa-56736	209	31	is	be	AUX
cjfa-56736	209	32	positive	positive	ADJ
cjfa-56736	209	33	,	,	PUNCT
cjfa-56736	209	34	and	and	CCONJ
cjfa-56736	209	35	takes	take	VERB
cjfa-56736	209	36	the	the	DET
cjfa-56736	209	37	value	value	NOUN
cjfa-56736	209	38	of	of	ADP
cjfa-56736	209	39	zero	zero	NUM
cjfa-56736	209	40	otherwise	otherwise	ADV
cjfa-56736	209	41	.	.	PUNCT
cjfa-56736	210	1	ceo	ceo	NOUN
cjfa-56736	210	2	legacy	legacy	NOUN
cjfa-56736	210	3	:	:	PUNCT
cjfa-56736	210	4	this	this	PRON
cjfa-56736	210	5	is	be	AUX
cjfa-56736	210	6	a	a	DET
cjfa-56736	210	7	dummy	dummy	ADJ
cjfa-56736	210	8	variable	variable	NOUN
cjfa-56736	210	9	defined	define	VERB
cjfa-56736	210	10	as	as	ADP
cjfa-56736	210	11	one	one	NUM
cjfa-56736	210	12	when	when	SCONJ
cjfa-56736	210	13	the	the	DET
cjfa-56736	210	14	ceo	ceo	NOUN
cjfa-56736	210	15	has	have	AUX
cjfa-56736	210	16	been	be	AUX
cjfa-56736	210	17	involved	involve	VERB
cjfa-56736	210	18	in	in	ADP
cjfa-56736	210	19	another	another	DET
cjfa-56736	210	20	crypto	crypto	ADJ
cjfa-56736	210	21	-	-	ADJ
cjfa-56736	210	22	currency	currency	NOUN
cjfa-56736	210	23	project	project	NOUN
cjfa-56736	210	24	,	,	PUNCT
cjfa-56736	210	25	and	and	CCONJ
cjfa-56736	210	26	zero	zero	NUM
cjfa-56736	210	27	otherwise	otherwise	ADV
cjfa-56736	210	28	.	.	PUNCT
cjfa-56736	211	1	team	team	NOUN
cjfa-56736	211	2	size	size	NOUN
cjfa-56736	211	3	:	:	PUNCT
cjfa-56736	211	4	the	the	DET
cjfa-56736	211	5	number	number	NOUN
cjfa-56736	211	6	of	of	ADP
cjfa-56736	211	7	project	project	NOUN
cjfa-56736	211	8	team	team	NOUN
cjfa-56736	211	9	members	member	NOUN
cjfa-56736	211	10	.	.	PUNCT
cjfa-56736	212	1	erc20	erc20	ADV
cjfa-56736	212	2	:	:	PUNCT
cjfa-56736	212	3	the	the	DET
cjfa-56736	212	4	erc20	erc20	PROPN
cjfa-56736	212	5	standard	standard	NOUN
cjfa-56736	212	6	represents	represent	VERB
cjfa-56736	212	7	a	a	DET
cjfa-56736	212	8	set	set	NOUN
cjfa-56736	212	9	of	of	ADP
cjfa-56736	212	10	technical	technical	ADJ
cjfa-56736	212	11	rules	rule	NOUN
cjfa-56736	212	12	for	for	ADP
cjfa-56736	212	13	developers	developer	NOUN
cjfa-56736	212	14	wishing	wish	VERB
cjfa-56736	212	15	to	to	PART
cjfa-56736	212	16	create	create	VERB
cjfa-56736	212	17	smart	smart	ADJ
cjfa-56736	212	18	contracts	contract	NOUN
cjfa-56736	212	19	on	on	ADP
cjfa-56736	212	20	the	the	DET
cjfa-56736	212	21	ethereum	ethereum	NOUN
cjfa-56736	212	22	blockchain	blockchain	PROPN
cjfa-56736	212	23	.	.	PUNCT
cjfa-56736	213	1	it	it	PRON
cjfa-56736	213	2	is	be	AUX
cjfa-56736	213	3	a	a	DET
cjfa-56736	213	4	dummy	dummy	ADJ
cjfa-56736	213	5	dorsaf	dorsaf	PROPN
cjfa-56736	213	6	ben	ben	PROPN
cjfa-56736	213	7	aissia	aissia	PROPN
cjfa-56736	213	8	,	,	PUNCT
cjfa-56736	213	9	alaa	alaa	PROPN
cjfa-56736	213	10	eddine	eddine	PROPN
cjfa-56736	213	11	chakroun1616	chakroun1616	PROPN
cjfa-56736	213	12	variable	variable	NOUN
cjfa-56736	213	13	defined	define	VERB
cjfa-56736	213	14	as	as	ADP
cjfa-56736	213	15	one	one	NUM
cjfa-56736	213	16	when	when	SCONJ
cjfa-56736	213	17	the	the	DET
cjfa-56736	213	18	ico	ico	PROPN
cjfa-56736	213	19	tokens	token	NOUN
cjfa-56736	213	20	have	have	AUX
cjfa-56736	213	21	been	be	AUX
cjfa-56736	213	22	created	create	VERB
cjfa-56736	213	23	in	in	ADP
cjfa-56736	213	24	compliance	compliance	NOUN
cjfa-56736	213	25	with	with	ADP
cjfa-56736	213	26	the	the	DET
cjfa-56736	213	27	erc20	erc20	PROPN
cjfa-56736	213	28	standard	standard	NOUN
cjfa-56736	213	29	,	,	PUNCT
cjfa-56736	213	30	and	and	CCONJ
cjfa-56736	213	31	zero	zero	NUM
cjfa-56736	213	32	otherwise	otherwise	ADV
cjfa-56736	213	33	.	.	PUNCT
cjfa-56736	214	1	major	major	ADJ
cjfa-56736	214	2	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	214	3	:	:	PUNCT
cjfa-56736	214	4	this	this	PRON
cjfa-56736	214	5	is	be	AUX
cjfa-56736	214	6	a	a	DET
cjfa-56736	214	7	dummy	dummy	ADJ
cjfa-56736	214	8	variable	variable	NOUN
cjfa-56736	214	9	defined	define	VERB
cjfa-56736	214	10	as	as	ADP
cjfa-56736	214	11	one	one	NUM
cjfa-56736	214	12	when	when	SCONJ
cjfa-56736	214	13	the	the	DET
cjfa-56736	214	14	project	project	NOUN
cjfa-56736	214	15	has	have	AUX
cjfa-56736	214	16	accepted	accept	VERB
cjfa-56736	214	17	only	only	ADV
cjfa-56736	214	18	the	the	DET
cjfa-56736	214	19	major	major	ADJ
cjfa-56736	214	20	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	214	21	(	(	PUNCT
cjfa-56736	214	22	bitcoin	bitcoin	NOUN
cjfa-56736	214	23	,	,	PUNCT
cjfa-56736	214	24	ethereum	ethereum	NOUN
cjfa-56736	214	25	,	,	PUNCT
cjfa-56736	214	26	litecoin	litecoin	NOUN
cjfa-56736	214	27	)	)	PUNCT
cjfa-56736	214	28	during	during	ADP
cjfa-56736	214	29	the	the	DET
cjfa-56736	214	30	ico	ico	NOUN
cjfa-56736	214	31	,	,	PUNCT
cjfa-56736	214	32	and	and	CCONJ
cjfa-56736	214	33	zero	zero	NUM
cjfa-56736	214	34	otherwise	otherwise	ADV
cjfa-56736	214	35	.	.	PUNCT
cjfa-56736	215	1	ico	ico	PROPN
cjfa-56736	215	2	duration	duration	NOUN
cjfa-56736	215	3	:	:	PUNCT
cjfa-56736	215	4	duration	duration	NOUN
cjfa-56736	215	5	of	of	ADP
cjfa-56736	215	6	the	the	DET
cjfa-56736	215	7	ico	ico	PROPN
cjfa-56736	215	8	in	in	ADP
cjfa-56736	215	9	days	day	NOUN
cjfa-56736	215	10	.	.	PUNCT
cjfa-56736	216	1	u.s.a	u.s.a	PROPN
cjfa-56736	216	2	restriction	restriction	NOUN
cjfa-56736	216	3	:	:	PUNCT
cjfa-56736	216	4	this	this	PRON
cjfa-56736	216	5	is	be	AUX
cjfa-56736	216	6	a	a	DET
cjfa-56736	216	7	dummy	dummy	ADJ
cjfa-56736	216	8	variable	variable	NOUN
cjfa-56736	216	9	equal	equal	ADJ
cjfa-56736	216	10	to	to	ADP
cjfa-56736	216	11	one	one	NUM
cjfa-56736	216	12	if	if	SCONJ
cjfa-56736	216	13	u.s	u.s	PROPN
cjfa-56736	216	14	.	.	PROPN
cjfa-56736	216	15	investors	investor	NOUN
cjfa-56736	216	16	have	have	AUX
cjfa-56736	216	17	been	be	AUX
cjfa-56736	216	18	admitted	admit	VERB
cjfa-56736	216	19	to	to	PART
cjfa-56736	216	20	participate	participate	VERB
cjfa-56736	216	21	in	in	ADP
cjfa-56736	216	22	the	the	DET
cjfa-56736	216	23	ico	ico	NOUN
cjfa-56736	216	24	,	,	PUNCT
cjfa-56736	216	25	and	and	CCONJ
cjfa-56736	216	26	zero	zero	NUM
cjfa-56736	216	27	otherwise	otherwise	ADV
cjfa-56736	216	28	.	.	PUNCT
cjfa-56736	217	1	kyc	kyc	PROPN
cjfa-56736	217	2	:	:	PUNCT
cjfa-56736	217	3	kyc	kyc	PROPN
cjfa-56736	217	4	involves	involve	VERB
cjfa-56736	217	5	the	the	DET
cjfa-56736	217	6	collection	collection	NOUN
cjfa-56736	217	7	of	of	ADP
cjfa-56736	217	8	official	official	ADJ
cjfa-56736	217	9	identification	identification	NOUN
cjfa-56736	217	10	documents	document	NOUN
cjfa-56736	217	11	,	,	PUNCT
cjfa-56736	217	12	such	such	ADJ
cjfa-56736	217	13	as	as	ADP
cjfa-56736	217	14	i	i	PROPN
cjfa-56736	217	15	d	d	PROPN
cjfa-56736	217	16	and	and	CCONJ
cjfa-56736	217	17	proof	proof	NOUN
cjfa-56736	217	18	of	of	ADP
cjfa-56736	217	19	address	address	NOUN
cjfa-56736	217	20	,	,	PUNCT
cjfa-56736	217	21	to	to	PART
cjfa-56736	217	22	guarantee	guarantee	VERB
cjfa-56736	217	23	the	the	DET
cjfa-56736	217	24	authenticity	authenticity	NOUN
cjfa-56736	217	25	of	of	ADP
cjfa-56736	217	26	customers	customer	NOUN
cjfa-56736	217	27	before	before	ADP
cjfa-56736	217	28	granting	grant	VERB
cjfa-56736	217	29	them	they	PRON
cjfa-56736	217	30	financial	financial	ADJ
cjfa-56736	217	31	services	service	NOUN
cjfa-56736	217	32	.	.	PUNCT
cjfa-56736	218	1	this	this	PRON
cjfa-56736	218	2	is	be	AUX
cjfa-56736	218	3	a	a	DET
cjfa-56736	218	4	dummy	dummy	ADJ
cjfa-56736	218	5	variable	variable	NOUN
cjfa-56736	218	6	equal	equal	ADJ
cjfa-56736	218	7	to	to	ADP
cjfa-56736	218	8	one	one	NUM
cjfa-56736	218	9	if	if	SCONJ
cjfa-56736	218	10	the	the	DET
cjfa-56736	218	11	project	project	NOUN
cjfa-56736	218	12	used	use	VERB
cjfa-56736	218	13	a	a	DET
cjfa-56736	218	14	know	know	VERB
cjfa-56736	218	15	-	-	PUNCT
cjfa-56736	218	16	your	your	PRON
cjfa-56736	218	17	-	-	PUNCT
cjfa-56736	218	18	customer	customer	NOUN
cjfa-56736	218	19	(	(	PUNCT
cjfa-56736	218	20	kyc	kyc	PROPN
cjfa-56736	218	21	)	)	PUNCT
cjfa-56736	218	22	process	process	NOUN
cjfa-56736	218	23	during	during	ADP
cjfa-56736	218	24	the	the	DET
cjfa-56736	218	25	ico	ico	PROPN
cjfa-56736	218	26	.	.	PUNCT
cjfa-56736	218	27	whitelist	whitelist	PROPN
cjfa-56736	218	28	:	:	PUNCT
cjfa-56736	218	29	in	in	ADP
cjfa-56736	218	30	the	the	DET
cjfa-56736	218	31	context	context	NOUN
cjfa-56736	218	32	of	of	ADP
cjfa-56736	218	33	icos	icos	PROPN
cjfa-56736	218	34	and	and	CCONJ
cjfa-56736	218	35	blockchain	blockchain	PROPN
cjfa-56736	218	36	-	-	PUNCT
cjfa-56736	218	37	based	base	VERB
cjfa-56736	218	38	projects	project	NOUN
cjfa-56736	218	39	,	,	PUNCT
cjfa-56736	218	40	a	a	DET
cjfa-56736	218	41	whitelist	whitelist	NOUN
cjfa-56736	218	42	is	be	AUX
cjfa-56736	218	43	often	often	ADV
cjfa-56736	218	44	used	use	VERB
cjfa-56736	218	45	to	to	PART
cjfa-56736	218	46	identify	identify	VERB
cjfa-56736	218	47	pre	pre	ADJ
cjfa-56736	218	48	-	-	ADJ
cjfa-56736	218	49	approved	approve	VERB
cjfa-56736	218	50	participants	participant	NOUN
cjfa-56736	218	51	or	or	CCONJ
cjfa-56736	218	52	investors	investor	NOUN
cjfa-56736	218	53	who	who	PRON
cjfa-56736	218	54	are	be	AUX
cjfa-56736	218	55	authorized	authorize	VERB
cjfa-56736	218	56	to	to	PART
cjfa-56736	218	57	take	take	VERB
cjfa-56736	218	58	part	part	NOUN
cjfa-56736	218	59	in	in	ADP
cjfa-56736	218	60	the	the	DET
cjfa-56736	218	61	ico	ico	PROPN
cjfa-56736	218	62	or	or	CCONJ
cjfa-56736	218	63	receive	receive	VERB
cjfa-56736	218	64	specific	specific	ADJ
cjfa-56736	218	65	benefits	benefit	NOUN
cjfa-56736	218	66	,	,	PUNCT
cjfa-56736	218	67	such	such	ADJ
cjfa-56736	218	68	as	as	ADP
cjfa-56736	218	69	access	access	NOUN
cjfa-56736	218	70	to	to	ADP
cjfa-56736	218	71	token	token	ADJ
cjfa-56736	218	72	sales	sale	NOUN
cjfa-56736	218	73	or	or	CCONJ
cjfa-56736	218	74	exclusive	exclusive	ADJ
cjfa-56736	218	75	bonuses	bonus	NOUN
cjfa-56736	218	76	.	.	PUNCT
cjfa-56736	219	1	individuals	individual	NOUN
cjfa-56736	219	2	or	or	CCONJ
cjfa-56736	219	3	entities	entity	NOUN
cjfa-56736	219	4	registered	register	VERB
cjfa-56736	219	5	on	on	ADP
cjfa-56736	219	6	the	the	DET
cjfa-56736	219	7	whitelist	whitelist	NOUN
cjfa-56736	219	8	are	be	AUX
cjfa-56736	219	9	considered	consider	VERB
cjfa-56736	219	10	“	"	PUNCT
cjfa-56736	219	11	approved	approve	VERB
cjfa-56736	219	12	”	"	PUNCT
cjfa-56736	219	13	and	and	CCONJ
cjfa-56736	219	14	benefit	benefit	VERB
cjfa-56736	219	15	from	from	ADP
cjfa-56736	219	16	certain	certain	ADJ
cjfa-56736	219	17	privileges	privilege	NOUN
cjfa-56736	219	18	or	or	CCONJ
cjfa-56736	219	19	restricted	restricted	ADJ
cjfa-56736	219	20	access	access	NOUN
cjfa-56736	219	21	.	.	PUNCT
cjfa-56736	220	1	this	this	PRON
cjfa-56736	220	2	is	be	AUX
cjfa-56736	220	3	a	a	DET
cjfa-56736	220	4	dummy	dummy	ADJ
cjfa-56736	220	5	variable	variable	NOUN
cjfa-56736	220	6	equal	equal	ADJ
cjfa-56736	220	7	to	to	ADP
cjfa-56736	220	8	one	one	NUM
cjfa-56736	220	9	if	if	SCONJ
cjfa-56736	220	10	the	the	DET
cjfa-56736	220	11	project	project	NOUN
cjfa-56736	220	12	has	have	AUX
cjfa-56736	220	13	used	use	VERB
cjfa-56736	220	14	a	a	DET
cjfa-56736	220	15	whitelist	whitelist	NOUN
cjfa-56736	220	16	during	during	ADP
cjfa-56736	220	17	the	the	DET
cjfa-56736	220	18	ico	ico	PROPN
cjfa-56736	220	19	.	.	PUNCT
cjfa-56736	221	1	the	the	DET
cjfa-56736	221	2	research	research	NOUN
cjfa-56736	221	3	process	process	NOUN
cjfa-56736	221	4	results	result	NOUN
cjfa-56736	221	5	and	and	CCONJ
cjfa-56736	221	6	discussionthe	discussionthe	DET
cjfa-56736	221	7	research	research	NOUN
cjfa-56736	221	8	process	process	NOUN
cjfa-56736	221	9	results	result	NOUN
cjfa-56736	221	10	and	and	CCONJ
cjfa-56736	221	11	discussion	discussion	NOUN
cjfa-56736	221	12	descriptive	descriptive	VERB
cjfa-56736	221	13	analysisdescriptive	analysisdescriptive	ADJ
cjfa-56736	221	14	analysis	analysis	NOUN
cjfa-56736	221	15	table	table	NOUN
cjfa-56736	221	16	1	1	NUM
cjfa-56736	221	17	,	,	PUNCT
cjfa-56736	221	18	2	2	NUM
cjfa-56736	221	19	and	and	CCONJ
cjfa-56736	221	20	3	3	NUM
cjfa-56736	221	21	reports	report	NOUN
cjfa-56736	221	22	descriptive	descriptive	ADJ
cjfa-56736	221	23	statistics	statistic	NOUN
cjfa-56736	221	24	for	for	ADP
cjfa-56736	221	25	all	all	DET
cjfa-56736	221	26	the	the	DET
cjfa-56736	221	27	variables	variable	NOUN
cjfa-56736	221	28	used	use	VERB
cjfa-56736	221	29	in	in	ADP
cjfa-56736	221	30	our	our	PRON
cjfa-56736	221	31	work	work	NOUN
cjfa-56736	221	32	.	.	PUNCT
cjfa-56736	222	1	study	study	NOUN
cjfa-56736	222	2	of	of	ADP
cjfa-56736	222	3	the	the	DET
cjfa-56736	222	4	performance	performance	NOUN
cjfa-56736	222	5	and	and	CCONJ
cjfa-56736	222	6	determinants	determinant	NOUN
cjfa-56736	222	7	…	…	PUNCT
cjfa-56736	222	8	1717	1717	NUM
cjfa-56736	222	9	table	table	NOUN
cjfa-56736	222	10	1	1	NUM
cjfa-56736	222	11	.	.	PUNCT
cjfa-56736	222	12	descriptive	descriptive	ADJ
cjfa-56736	222	13	statistics	statistic	NOUN
cjfa-56736	223	1	n	n	PRON
cjfa-56736	223	2	mean	mean	VERB
cjfa-56736	223	3	min	min	PROPN
cjfa-56736	223	4	max	max	PROPN
cjfa-56736	223	5	std.dev	std.dev	PROPN
cjfa-56736	223	6	.	.	PUNCT
cjfa-56736	224	1	p25	p25	PROPN
cjfa-56736	224	2	p75	p75	ADJ
cjfa-56736	224	3	t	t	NOUN
cjfa-56736	224	4	-	-	PUNCT
cjfa-56736	224	5	value	value	NOUN
cjfa-56736	224	6	r	r	NOUN
cjfa-56736	224	7	3,498	3,498	NUM
cjfa-56736	224	8	.03	.03	NUM
cjfa-56736	224	9	-.935	-.935	PROPN
cjfa-56736	224	10	9.32	9.32	NUM
cjfa-56736	224	11	.270	.270	NUM
cjfa-56736	224	12	-.027	-.027	PROPN
cjfa-56736	224	13	.010	.010	NUM
cjfa-56736	224	14	3.000	3.000	NUM
cjfa-56736	224	15	ew	ew	NOUN
cjfa-56736	224	16	3,498	3,498	NUM
cjfa-56736	224	17	0.02	0.02	NUM
cjfa-56736	224	18	-.953	-.953	PROPN
cjfa-56736	224	19	9.45	9.45	NUM
cjfa-56736	224	20	.277	.277	NUM
cjfa-56736	224	21	-.060	-.060	NOUN
cjfa-56736	224	22	.055	.055	NUM
cjfa-56736	224	23	0	0	NUM
cjfa-56736	224	24	vw	vw	PROPN
cjfa-56736	224	25	3,498	3,498	NUM
cjfa-56736	224	26	0.04	0.04	NUM
cjfa-56736	224	27	-3.025	-3.025	NOUN
cjfa-56736	224	28	9.333	9.333	NUM
cjfa-56736	224	29	.314	.314	NUM
cjfa-56736	225	1	-.037	-.037	PROPN
cjfa-56736	225	2	.027	.027	NUM
cjfa-56736	225	3	.851	.851	NUM
cjfa-56736	226	1	positive	positive	ADJ
cjfa-56736	226	2	r	r	NOUN
cjfa-56736	226	3	3,498	3,498	NUM
cjfa-56736	226	4	.352	.352	NUM
cjfa-56736	226	5	0	0	NUM
cjfa-56736	226	6	1	1	NUM
cjfa-56736	226	7	.444	.444	NUM
cjfa-56736	226	8	0	0	NUM
cjfa-56736	226	9	1	1	NUM
cjfa-56736	226	10	31.900	31.900	NUM
cjfa-56736	226	11	positive	positive	ADJ
cjfa-56736	226	12	ew	ew	NOUN
cjfa-56736	226	13	3,498	3,498	NUM
cjfa-56736	226	14	.352	.352	NUM
cjfa-56736	226	15	0	0	NUM
cjfa-56736	226	16	1	1	NUM
cjfa-56736	226	17	.472	.472	NUM
cjfa-56736	226	18	0	0	NUM
cjfa-56736	226	19	1	1	NUM
cjfa-56736	226	20	37.170	37.170	NUM
cjfa-56736	226	21	positive	positive	ADJ
cjfa-56736	226	22	vw	vw	NOUN
cjfa-56736	226	23	3,498	3,498	NUM
cjfa-56736	226	24	.385	.385	NUM
cjfa-56736	226	25	0	0	NUM
cjfa-56736	227	1	1	1	NUM
cjfa-56736	227	2	.47	.47	NUM
cjfa-56736	227	3	0	0	NUM
cjfa-56736	227	4	1	1	NUM
cjfa-56736	227	5	37.866	37.866	NUM
cjfa-56736	227	6	icogrossproceedsra	icogrossproceedsra	ADJ
cjfa-56736	227	7	~	~	SYM
cjfa-56736	227	8	d	d	ADP
cjfa-56736	227	9	3,498	3,498	NUM
cjfa-56736	227	10	18483522	18483522	NUM
cjfa-56736	227	11	0	0	NUM
cjfa-56736	227	12	14300000	14300000	NUM
cjfa-56736	227	13	2473980	2473980	NUM
cjfa-56736	227	14	0	0	NUM
cjfa-56736	227	15	2343000	2343000	NUM
cjfa-56736	227	16	34.01	34.01	NUM
cjfa-56736	227	17	nominal	nominal	ADJ
cjfa-56736	227	18	return	return	NOUN
cjfa-56736	227	19	.975	.975	NUM
cjfa-56736	227	20	-.998	-.998	CCONJ
cjfa-56736	227	21	37.5	37.5	NUM
cjfa-56736	227	22	3.942	3.942	NUM
cjfa-56736	227	23	-.814	-.814	NOUN
cjfa-56736	227	24	.098	.098	NUM
cjfa-56736	227	25	10.333	10.333	NUM
cjfa-56736	227	26	s	s	NOUN
cjfa-56736	227	27	o	o	X
cjfa-56736	227	28	u	u	NOUN
cjfa-56736	227	29	r	r	NOUN
cjfa-56736	227	30	c	c	NOUN
cjfa-56736	227	31	e	e	NOUN
cjfa-56736	227	32	:	:	PUNCT
cjfa-56736	227	33	authors	author	NOUN
cjfa-56736	227	34	’	’	PART
cjfa-56736	227	35	calculation	calculation	NOUN
cjfa-56736	227	36	from	from	ADP
cjfa-56736	227	37	sample	sample	NOUN
cjfa-56736	227	38	data	datum	NOUN
cjfa-56736	227	39	.	.	PUNCT
cjfa-56736	227	40	table	table	NOUN
cjfa-56736	227	41	2	2	NUM
cjfa-56736	227	42	.	.	PUNCT
cjfa-56736	227	43	descriptive	descriptive	ADJ
cjfa-56736	227	44	statistics	statistic	NOUN
cjfa-56736	227	45	n	n	PRON
cjfa-56736	227	46	mean	mean	VERB
cjfa-56736	227	47	min	min	PROPN
cjfa-56736	227	48	max	max	PROPN
cjfa-56736	227	49	std.dev	std.dev	PROPN
cjfa-56736	227	50	.	.	PUNCT
cjfa-56736	228	1	p25	p25	PROPN
cjfa-56736	228	2	p75	p75	ADJ
cjfa-56736	228	3	time	time	NOUN
cjfa-56736	228	4	to	to	PART
cjfa-56736	228	5	market	market	VERB
cjfa-56736	228	6	3,498	3,498	NUM
cjfa-56736	228	7	99.022	99.022	NUM
cjfa-56736	228	8	0	0	NUM
cjfa-56736	228	9	320	320	NUM
cjfa-56736	228	10	98.31	98.31	NUM
cjfa-56736	228	11	17	17	NUM
cjfa-56736	228	12	180	180	NUM
cjfa-56736	228	13	delisting	delist	VERB
cjfa-56736	228	14	3,498	3,498	NUM
cjfa-56736	228	15	.932	.932	NUM
cjfa-56736	228	16	0	0	NUM
cjfa-56736	228	17	1	1	NUM
cjfa-56736	228	18	.44	.44	NUM
cjfa-56736	228	19	1	1	NUM
cjfa-56736	228	20	1	1	NUM
cjfa-56736	228	21	s	s	NOUN
cjfa-56736	228	22	o	o	NOUN
cjfa-56736	228	23	u	u	NOUN
cjfa-56736	228	24	r	r	NOUN
cjfa-56736	228	25	c	c	NOUN
cjfa-56736	228	26	e	e	NOUN
cjfa-56736	228	27	:	:	PUNCT
cjfa-56736	228	28	authors	author	NOUN
cjfa-56736	228	29	’	’	PART
cjfa-56736	228	30	calculation	calculation	NOUN
cjfa-56736	228	31	from	from	ADP
cjfa-56736	228	32	sample	sample	NOUN
cjfa-56736	228	33	data	datum	NOUN
cjfa-56736	228	34	.	.	PUNCT
cjfa-56736	229	1	table	table	NOUN
cjfa-56736	229	2	3	3	NUM
cjfa-56736	229	3	.	.	PUNCT
cjfa-56736	229	4	descriptive	descriptive	ADJ
cjfa-56736	229	5	statistics	statistic	NOUN
cjfa-56736	229	6	n	n	PRON
cjfa-56736	229	7	mean	mean	VERB
cjfa-56736	229	8	min	min	PROPN
cjfa-56736	229	9	max	max	PROPN
cjfa-56736	229	10	std.dev	std.dev	PROPN
cjfa-56736	229	11	.	.	PUNCT
cjfa-56736	230	1	p25	p25	PROPN
cjfa-56736	230	2	p75	p75	ADJ
cjfa-56736	230	3	ceolegacy	ceolegacy	NOUN
cjfa-56736	230	4	3,498	3,498	NUM
cjfa-56736	230	5	.20	.20	NUM
cjfa-56736	230	6	0	0	NUM
cjfa-56736	230	7	1	1	NUM
cjfa-56736	230	8	.3	.3	NUM
cjfa-56736	230	9	0	0	SYM
cjfa-56736	230	10	0	0	NUM
cjfa-56736	230	11	team	team	NOUN
cjfa-56736	230	12	size	size	NOUN
cjfa-56736	230	13	3,498	3,498	NUM
cjfa-56736	230	14	9.767	9.767	NUM
cjfa-56736	230	15	4	4	NUM
cjfa-56736	230	16	20	20	NUM
cjfa-56736	230	17	5.800	5.800	NUM
cjfa-56736	230	18	6	6	NUM
cjfa-56736	230	19	14	14	NUM
cjfa-56736	230	20	erc20	erc20	ADP
cjfa-56736	230	21	3,498	3,498	NUM
cjfa-56736	230	22	.633	.633	NUM
cjfa-56736	230	23	0	0	NUM
cjfa-56736	230	24	1	1	NUM
cjfa-56736	230	25	.442	.442	NUM
cjfa-56736	230	26	0	0	NUM
cjfa-56736	230	27	1	1	NUM
cjfa-56736	230	28	majorcryptocurrenc	majorcryptocurrenc	NOUN
cjfa-56736	230	29	~	~	SYM
cjfa-56736	230	30	s	s	PART
cjfa-56736	230	31	3,498	3,498	NUM
cjfa-56736	230	32	.80	.80	NUM
cjfa-56736	230	33	0	0	NUM
cjfa-56736	230	34	1	1	NUM
cjfa-56736	230	35	.590	.590	NUM
cjfa-56736	230	36	0	0	NUM
cjfa-56736	230	37	1	1	NUM
cjfa-56736	230	38	usa	usa	PROPN
cjfa-56736	230	39	restriction	restriction	NOUN
cjfa-56736	230	40	3,498	3,498	NUM
cjfa-56736	230	41	.200	.200	NUM
cjfa-56736	230	42	0	0	NUM
cjfa-56736	230	43	1	1	NUM
cjfa-56736	230	44	.471	.471	NUM
cjfa-56736	230	45	0	0	NUM
cjfa-56736	230	46	1	1	NUM
cjfa-56736	230	47	kyc	kyc	X
cjfa-56736	230	48	3,498	3,498	NUM
cjfa-56736	230	49	.487	.487	NUM
cjfa-56736	230	50	0	0	NUM
cjfa-56736	230	51	1	1	NUM
cjfa-56736	230	52	.499	.499	NUM
cjfa-56736	230	53	0	0	NUM
cjfa-56736	230	54	1	1	NUM
cjfa-56736	230	55	whitelist	whitelist	NOUN
cjfa-56736	230	56	3,498	3,498	NUM
cjfa-56736	230	57	.257	.257	NUM
cjfa-56736	230	58	0	0	NUM
cjfa-56736	230	59	1	1	NUM
cjfa-56736	230	60	.442	.442	NUM
cjfa-56736	230	61	0	0	NUM
cjfa-56736	230	62	1	1	NUM
cjfa-56736	230	63	s	s	NOUN
cjfa-56736	230	64	o	o	NOUN
cjfa-56736	230	65	u	u	NOUN
cjfa-56736	230	66	r	r	NOUN
cjfa-56736	230	67	c	c	NOUN
cjfa-56736	230	68	e	e	NOUN
cjfa-56736	230	69	:	:	PUNCT
cjfa-56736	230	70	authors	author	NOUN
cjfa-56736	230	71	’	’	PART
cjfa-56736	230	72	calculation	calculation	NOUN
cjfa-56736	230	73	from	from	ADP
cjfa-56736	230	74	sample	sample	NOUN
cjfa-56736	230	75	data	datum	NOUN
cjfa-56736	230	76	.	.	PUNCT
cjfa-56736	231	1	dorsaf	dorsaf	PROPN
cjfa-56736	231	2	ben	ben	PROPN
cjfa-56736	231	3	aissia	aissia	PROPN
cjfa-56736	231	4	,	,	PUNCT
cjfa-56736	231	5	alaa	alaa	PROPN
cjfa-56736	231	6	eddine	eddine	VERB
cjfa-56736	231	7	chakroun1818	chakroun1818	PROPN
cjfa-56736	231	8	table	table	NOUN
cjfa-56736	231	9	1	1	NUM
cjfa-56736	231	10	displays	display	NOUN
cjfa-56736	231	11	that	that	SCONJ
cjfa-56736	231	12	the	the	DET
cjfa-56736	231	13	mean	mean	ADJ
cjfa-56736	231	14	first	first	ADJ
cjfa-56736	231	15	-	-	PUNCT
cjfa-56736	231	16	day	day	NOUN
cjfa-56736	231	17	raw	raw	ADJ
cjfa-56736	231	18	return	return	NOUN
cjfa-56736	231	19	(	(	PUNCT
cjfa-56736	231	20	r	r	NOUN
cjfa-56736	231	21	)	)	PUNCT
cjfa-56736	231	22	of	of	ADP
cjfa-56736	231	23	0.03	0.03	NUM
cjfa-56736	231	24	is	be	AUX
cjfa-56736	231	25	statistically	statistically	ADV
cjfa-56736	231	26	different	different	ADJ
cjfa-56736	231	27	from	from	ADP
cjfa-56736	231	28	zero	zero	NUM
cjfa-56736	231	29	.	.	PUNCT
cjfa-56736	232	1	the	the	DET
cjfa-56736	232	2	median	median	ADJ
cjfa-56736	232	3	r	r	NOUN
cjfa-56736	232	4	is	be	AUX
cjfa-56736	232	5	significantly	significantly	ADV
cjfa-56736	232	6	lower	low	ADJ
cjfa-56736	232	7	at	at	ADP
cjfa-56736	232	8	0.27	0.27	NUM
cjfa-56736	232	9	,	,	PUNCT
cjfa-56736	232	10	suggesting	suggest	VERB
cjfa-56736	232	11	that	that	SCONJ
cjfa-56736	232	12	the	the	DET
cjfa-56736	232	13	distribution	distribution	NOUN
cjfa-56736	232	14	is	be	AUX
cjfa-56736	232	15	positively	positively	ADV
cjfa-56736	232	16	skewed	skew	VERB
cjfa-56736	232	17	.	.	PUNCT
cjfa-56736	233	1	the	the	DET
cjfa-56736	233	2	first	first	ADJ
cjfa-56736	233	3	-	-	PUNCT
cjfa-56736	233	4	day	day	NOUN
cjfa-56736	233	5	raw	raw	ADJ
cjfa-56736	233	6	return	return	NOUN
cjfa-56736	233	7	(	(	PUNCT
cjfa-56736	233	8	r	r	NOUN
cjfa-56736	233	9	)	)	PUNCT
cjfa-56736	233	10	at	at	ADP
cjfa-56736	233	11	the	the	DET
cjfa-56736	233	12	25th	25th	ADJ
cjfa-56736	233	13	percentile	percentile	NOUN
cjfa-56736	233	14	is	be	AUX
cjfa-56736	233	15	negative	negative	ADJ
cjfa-56736	233	16	-0.027	-0.027	PUNCT
cjfa-56736	233	17	,	,	PUNCT
cjfa-56736	233	18	while	while	SCONJ
cjfa-56736	233	19	it	it	PRON
cjfa-56736	233	20	is	be	AUX
cjfa-56736	233	21	positive	positive	ADJ
cjfa-56736	233	22	0.010	0.010	NUM
cjfa-56736	233	23	at	at	ADP
cjfa-56736	233	24	the	the	DET
cjfa-56736	233	25	75th	75th	ADJ
cjfa-56736	233	26	percentile	percentile	NOUN
cjfa-56736	233	27	too	too	ADV
cjfa-56736	233	28	,	,	PUNCT
cjfa-56736	233	29	with	with	ADP
cjfa-56736	233	30	a	a	DET
cjfa-56736	233	31	negative	negative	ADJ
cjfa-56736	233	32	minimum	minimum	NOUN
cjfa-56736	233	33	value	value	NOUN
cjfa-56736	233	34	of	of	ADP
cjfa-56736	233	35	-0.935	-0.935	PUNCT
cjfa-56736	233	36	and	and	CCONJ
cjfa-56736	233	37	a	a	DET
cjfa-56736	233	38	maximum	maximum	ADJ
cjfa-56736	233	39	value	value	NOUN
cjfa-56736	233	40	of	of	ADP
cjfa-56736	233	41	9.32	9.32	NUM
cjfa-56736	233	42	.	.	PUNCT
cjfa-56736	234	1	the	the	DET
cjfa-56736	234	2	average	average	ADJ
cjfa-56736	234	3	first	first	ADJ
cjfa-56736	234	4	-	-	PUNCT
cjfa-56736	234	5	day	day	NOUN
cjfa-56736	234	6	abnormal	abnormal	ADJ
cjfa-56736	234	7	return	return	NOUN
cjfa-56736	234	8	(	(	PUNCT
cjfa-56736	234	9	ew	ew	NOUN
cjfa-56736	234	10	)	)	PUNCT
cjfa-56736	234	11	is	be	AUX
cjfa-56736	234	12	0.02	0.02	NUM
cjfa-56736	234	13	.	.	PUNCT
cjfa-56736	235	1	the	the	DET
cjfa-56736	235	2	median	median	PROPN
cjfa-56736	235	3	ew	ew	INTJ
cjfa-56736	235	4	is	be	AUX
cjfa-56736	235	5	significantly	significantly	ADV
cjfa-56736	235	6	lower	low	ADJ
cjfa-56736	235	7	0.28	0.28	NUM
cjfa-56736	235	8	.	.	PUNCT
cjfa-56736	236	1	the	the	DET
cjfa-56736	236	2	first	first	ADJ
cjfa-56736	236	3	-	-	PUNCT
cjfa-56736	236	4	day	day	NOUN
cjfa-56736	236	5	abnormal	abnormal	ADJ
cjfa-56736	236	6	return	return	NOUN
cjfa-56736	236	7	(	(	PUNCT
cjfa-56736	236	8	ew	ew	NOUN
cjfa-56736	236	9	)	)	PUNCT
cjfa-56736	236	10	at	at	ADP
cjfa-56736	236	11	the	the	DET
cjfa-56736	236	12	25th	25th	ADJ
cjfa-56736	236	13	percentile	percentile	NOUN
cjfa-56736	236	14	is	be	AUX
cjfa-56736	236	15	negative	negative	ADJ
cjfa-56736	236	16	-0.060	-0.060	NOUN
cjfa-56736	236	17	,	,	PUNCT
cjfa-56736	236	18	while	while	SCONJ
cjfa-56736	236	19	it	it	PRON
cjfa-56736	236	20	is	be	AUX
cjfa-56736	236	21	positive	positive	ADJ
cjfa-56736	236	22	0.055	0.055	NUM
cjfa-56736	236	23	at	at	ADP
cjfa-56736	236	24	the	the	DET
cjfa-56736	236	25	75th	75th	ADJ
cjfa-56736	236	26	percentile	percentile	NOUN
cjfa-56736	236	27	too	too	ADV
cjfa-56736	236	28	,	,	PUNCT
cjfa-56736	236	29	with	with	ADP
cjfa-56736	236	30	a	a	DET
cjfa-56736	236	31	negative	negative	ADJ
cjfa-56736	236	32	minimum	minimum	NOUN
cjfa-56736	236	33	value	value	NOUN
cjfa-56736	236	34	of	of	ADP
cjfa-56736	236	35	-0.953	-0.953	PROPN
cjfa-56736	236	36	and	and	CCONJ
cjfa-56736	236	37	a	a	DET
cjfa-56736	236	38	maximum	maximum	ADJ
cjfa-56736	236	39	value	value	NOUN
cjfa-56736	236	40	of	of	ADP
cjfa-56736	236	41	9.332	9.332	NUM
cjfa-56736	236	42	.	.	PUNCT
cjfa-56736	237	1	the	the	DET
cjfa-56736	237	2	average	average	ADJ
cjfa-56736	237	3	first	first	ADJ
cjfa-56736	237	4	-	-	PUNCT
cjfa-56736	237	5	day	day	NOUN
cjfa-56736	237	6	abnormal	abnormal	ADJ
cjfa-56736	237	7	return	return	NOUN
cjfa-56736	237	8	(	(	PUNCT
cjfa-56736	237	9	vw	vw	NOUN
cjfa-56736	237	10	)	)	PUNCT
cjfa-56736	237	11	is	be	AUX
cjfa-56736	237	12	0.04	0.04	NUM
cjfa-56736	237	13	.	.	PUNCT
cjfa-56736	238	1	the	the	DET
cjfa-56736	238	2	median	median	PROPN
cjfa-56736	238	3	vw	vw	PROPN
cjfa-56736	238	4	is	be	AUX
cjfa-56736	238	5	significantly	significantly	ADV
cjfa-56736	238	6	lower	low	ADJ
cjfa-56736	238	7	at	at	ADP
cjfa-56736	238	8	0.31	0.31	NUM
cjfa-56736	238	9	.	.	PUNCT
cjfa-56736	239	1	the	the	DET
cjfa-56736	239	2	first	first	ADJ
cjfa-56736	239	3	-	-	PUNCT
cjfa-56736	239	4	day	day	NOUN
cjfa-56736	239	5	abnormal	abnormal	ADJ
cjfa-56736	239	6	return	return	NOUN
cjfa-56736	239	7	(	(	PUNCT
cjfa-56736	239	8	vw	vw	NOUN
cjfa-56736	239	9	)	)	PUNCT
cjfa-56736	239	10	at	at	ADP
cjfa-56736	239	11	the	the	DET
cjfa-56736	239	12	25th	25th	ADJ
cjfa-56736	239	13	percentile	percentile	NOUN
cjfa-56736	239	14	is	be	AUX
cjfa-56736	239	15	negative	negative	ADJ
cjfa-56736	239	16	-0.037	-0.037	NOUN
cjfa-56736	239	17	,	,	PUNCT
cjfa-56736	239	18	while	while	SCONJ
cjfa-56736	239	19	it	it	PRON
cjfa-56736	239	20	is	be	AUX
cjfa-56736	239	21	positive	positive	ADJ
cjfa-56736	239	22	0.027	0.027	NUM
cjfa-56736	239	23	at	at	ADP
cjfa-56736	239	24	the	the	DET
cjfa-56736	239	25	75th	75th	ADJ
cjfa-56736	239	26	percentile	percentile	NOUN
cjfa-56736	239	27	too	too	ADV
cjfa-56736	239	28	,	,	PUNCT
cjfa-56736	239	29	with	with	ADP
cjfa-56736	239	30	a	a	DET
cjfa-56736	239	31	negative	negative	ADJ
cjfa-56736	239	32	minimum	minimum	NOUN
cjfa-56736	239	33	value	value	NOUN
cjfa-56736	239	34	of	of	ADP
cjfa-56736	239	35	-3.025	-3.025	NOUN
cjfa-56736	239	36	and	and	CCONJ
cjfa-56736	239	37	a	a	DET
cjfa-56736	239	38	maximum	maximum	ADJ
cjfa-56736	239	39	value	value	NOUN
cjfa-56736	239	40	of	of	ADP
cjfa-56736	239	41	9.333	9.333	NUM
cjfa-56736	239	42	.	.	PUNCT
cjfa-56736	240	1	the	the	DET
cjfa-56736	240	2	average	average	ADJ
cjfa-56736	240	3	ico	ico	PROPN
cjfa-56736	240	4	gross	gross	ADJ
cjfa-56736	240	5	proceed	proceed	VERB
cjfa-56736	240	6	is	be	AUX
cjfa-56736	240	7	124835227	124835227	NUM
cjfa-56736	240	8	so	so	SCONJ
cjfa-56736	240	9	it	it	PRON
cjfa-56736	240	10	is	be	AUX
cjfa-56736	240	11	very	very	ADV
cjfa-56736	240	12	strong	strong	ADJ
cjfa-56736	240	13	and	and	CCONJ
cjfa-56736	240	14	remarkable	remarkable	ADJ
cjfa-56736	240	15	which	which	PRON
cjfa-56736	240	16	allows	allow	VERB
cjfa-56736	240	17	us	we	PRON
cjfa-56736	240	18	to	to	PART
cjfa-56736	240	19	conclude	conclude	VERB
cjfa-56736	240	20	that	that	SCONJ
cjfa-56736	240	21	the	the	DET
cjfa-56736	240	22	revenue	revenue	NOUN
cjfa-56736	240	23	from	from	ADP
cjfa-56736	240	24	ico	ico	PROPN
cjfa-56736	240	25	tokens	token	NOUN
cjfa-56736	240	26	and	and	CCONJ
cjfa-56736	240	27	very	very	ADV
cjfa-56736	240	28	important	important	ADJ
cjfa-56736	240	29	over	over	ADP
cjfa-56736	240	30	the	the	DET
cjfa-56736	240	31	whole	whole	ADJ
cjfa-56736	240	32	period	period	NOUN
cjfa-56736	240	33	.	.	PUNCT
cjfa-56736	241	1	the	the	DET
cjfa-56736	241	2	ico	ico	PROPN
cjfa-56736	241	3	gross	gross	ADJ
cjfa-56736	241	4	proceeds	proceed	NOUN
cjfa-56736	241	5	at	at	ADP
cjfa-56736	241	6	the	the	DET
cjfa-56736	241	7	25th	25th	ADJ
cjfa-56736	241	8	percentile	percentile	NOUN
cjfa-56736	241	9	is	be	AUX
cjfa-56736	241	10	0	0	NUM
cjfa-56736	241	11	,	,	PUNCT
cjfa-56736	241	12	while	while	SCONJ
cjfa-56736	241	13	the	the	DET
cjfa-56736	241	14	ico	ico	PROPN
cjfa-56736	241	15	gross	gross	ADJ
cjfa-56736	241	16	proceeds	proceed	NOUN
cjfa-56736	241	17	at	at	ADP
cjfa-56736	241	18	the	the	DET
cjfa-56736	241	19	75th	75th	ADJ
cjfa-56736	241	20	percentile	percentile	NOUN
cjfa-56736	241	21	is	be	AUX
cjfa-56736	241	22	23430000	23430000	NUM
cjfa-56736	241	23	,	,	PUNCT
cjfa-56736	241	24	also	also	ADV
cjfa-56736	241	25	with	with	ADP
cjfa-56736	241	26	a	a	DET
cjfa-56736	241	27	minimum	minimum	ADJ
cjfa-56736	241	28	value	value	NOUN
cjfa-56736	241	29	of	of	ADP
cjfa-56736	241	30	0	0	NUM
cjfa-56736	241	31	and	and	CCONJ
cjfa-56736	241	32	a	a	DET
cjfa-56736	241	33	maximum	maximum	ADJ
cjfa-56736	241	34	value	value	NOUN
cjfa-56736	241	35	of	of	ADP
cjfa-56736	241	36	14300000	14300000	NUM
cjfa-56736	241	37	.	.	PUNCT
cjfa-56736	242	1	the	the	DET
cjfa-56736	242	2	nominal	nominal	ADJ
cjfa-56736	242	3	return	return	NOUN
cjfa-56736	242	4	is	be	AUX
cjfa-56736	242	5	a	a	DET
cjfa-56736	242	6	variable	variable	NOUN
cjfa-56736	242	7	that	that	PRON
cjfa-56736	242	8	represents	represent	VERB
cjfa-56736	242	9	the	the	DET
cjfa-56736	242	10	token	token	PROPN
cjfa-56736	242	11	’s	’s	PART
cjfa-56736	242	12	return	return	NOUN
cjfa-56736	242	13	over	over	ADP
cjfa-56736	242	14	the	the	DET
cjfa-56736	242	15	entire	entire	ADJ
cjfa-56736	242	16	period	period	NOUN
cjfa-56736	242	17	that	that	PRON
cjfa-56736	242	18	remains	remain	VERB
cjfa-56736	242	19	valid	valid	ADJ
cjfa-56736	242	20	on	on	ADP
cjfa-56736	242	21	the	the	DET
cjfa-56736	242	22	market	market	NOUN
cjfa-56736	242	23	.	.	PUNCT
cjfa-56736	243	1	the	the	DET
cjfa-56736	243	2	average	average	NOUN
cjfa-56736	243	3	of	of	ADP
cjfa-56736	243	4	this	this	DET
cjfa-56736	243	5	variable	variable	NOUN
cjfa-56736	243	6	is	be	AUX
cjfa-56736	243	7	0.975	0.975	NUM
cjfa-56736	243	8	,	,	PUNCT
cjfa-56736	243	9	very	very	ADV
cjfa-56736	243	10	close	close	ADV
cjfa-56736	243	11	to	to	ADP
cjfa-56736	243	12	1	1	NUM
cjfa-56736	243	13	,	,	PUNCT
cjfa-56736	243	14	which	which	PRON
cjfa-56736	243	15	shows	show	VERB
cjfa-56736	243	16	that	that	SCONJ
cjfa-56736	243	17	the	the	DET
cjfa-56736	243	18	nominal	nominal	ADJ
cjfa-56736	243	19	return	return	NOUN
cjfa-56736	243	20	of	of	ADP
cjfa-56736	243	21	the	the	DET
cjfa-56736	243	22	majority	majority	NOUN
cjfa-56736	243	23	of	of	ADP
cjfa-56736	243	24	tokens	token	NOUN
cjfa-56736	243	25	is	be	AUX
cjfa-56736	243	26	positive	positive	ADJ
cjfa-56736	243	27	,	,	PUNCT
cjfa-56736	243	28	and	and	CCONJ
cjfa-56736	243	29	also	also	ADV
cjfa-56736	243	30	that	that	SCONJ
cjfa-56736	243	31	the	the	DET
cjfa-56736	243	32	majority	majority	NOUN
cjfa-56736	243	33	of	of	ADP
cjfa-56736	243	34	tokens	token	NOUN
cjfa-56736	243	35	have	have	VERB
cjfa-56736	243	36	a	a	DET
cjfa-56736	243	37	closing	closing	NOUN
cjfa-56736	243	38	price	price	NOUN
cjfa-56736	243	39	at	at	ADP
cjfa-56736	243	40	the	the	DET
cjfa-56736	243	41	end	end	NOUN
cjfa-56736	243	42	of	of	ADP
cjfa-56736	243	43	the	the	DET
cjfa-56736	243	44	period	period	NOUN
cjfa-56736	243	45	that	that	PRON
cjfa-56736	243	46	is	be	AUX
cjfa-56736	243	47	higher	high	ADJ
cjfa-56736	243	48	than	than	ADP
cjfa-56736	243	49	the	the	DET
cjfa-56736	243	50	opening	opening	NOUN
cjfa-56736	243	51	price	price	NOUN
cjfa-56736	243	52	over	over	ADP
cjfa-56736	243	53	the	the	DET
cjfa-56736	243	54	entire	entire	ADJ
cjfa-56736	243	55	observation	observation	NOUN
cjfa-56736	243	56	period	period	NOUN
cjfa-56736	243	57	,	,	PUNCT
cjfa-56736	243	58	which	which	PRON
cjfa-56736	243	59	is	be	AUX
cjfa-56736	243	60	6	6	NUM
cjfa-56736	243	61	months	month	NOUN
cjfa-56736	243	62	.	.	PUNCT
cjfa-56736	244	1	the	the	DET
cjfa-56736	244	2	median	median	ADJ
cjfa-56736	244	3	nominal	nominal	ADJ
cjfa-56736	244	4	return	return	NOUN
cjfa-56736	244	5	is	be	AUX
cjfa-56736	244	6	3.942	3.942	NUM
cjfa-56736	244	7	.	.	PUNCT
cjfa-56736	245	1	nominal	nominal	ADJ
cjfa-56736	245	2	returns	return	NOUN
cjfa-56736	245	3	at	at	ADP
cjfa-56736	245	4	the	the	DET
cjfa-56736	245	5	25th	25th	ADJ
cjfa-56736	245	6	percentile	percentile	NOUN
cjfa-56736	245	7	are	be	AUX
cjfa-56736	245	8	negative	negative	ADJ
cjfa-56736	245	9	-0.814	-0.814	PUNCT
cjfa-56736	245	10	,	,	PUNCT
cjfa-56736	245	11	while	while	SCONJ
cjfa-56736	245	12	they	they	PRON
cjfa-56736	245	13	are	be	AUX
cjfa-56736	245	14	positive	positive	ADJ
cjfa-56736	245	15	0.098	0.098	NUM
cjfa-56736	245	16	at	at	ADP
cjfa-56736	245	17	the	the	DET
cjfa-56736	245	18	75th	75th	ADJ
cjfa-56736	245	19	percentile	percentile	NOUN
cjfa-56736	245	20	,	,	PUNCT
cjfa-56736	245	21	with	with	ADP
cjfa-56736	245	22	a	a	DET
cjfa-56736	245	23	minimum	minimum	ADJ
cjfa-56736	245	24	negative	negative	ADJ
cjfa-56736	245	25	value	value	NOUN
cjfa-56736	245	26	of	of	ADP
cjfa-56736	245	27	-0.998	-0.998	PUNCT
cjfa-56736	245	28	and	and	CCONJ
cjfa-56736	245	29	a	a	DET
cjfa-56736	245	30	maximum	maximum	ADJ
cjfa-56736	245	31	positive	positive	ADJ
cjfa-56736	245	32	value	value	NOUN
cjfa-56736	245	33	of	of	ADP
cjfa-56736	245	34	37.5	37.5	NUM
cjfa-56736	245	35	.	.	PUNCT
cjfa-56736	246	1	in	in	ADP
cjfa-56736	246	2	table	table	NOUN
cjfa-56736	246	3	2	2	NUM
cjfa-56736	246	4	,	,	PUNCT
cjfa-56736	246	5	the	the	DET
cjfa-56736	246	6	variable	variable	ADJ
cjfa-56736	246	7	time	time	NOUN
cjfa-56736	246	8	to	to	ADP
cjfa-56736	246	9	market	market	NOUN
cjfa-56736	246	10	gives	give	VERB
cjfa-56736	246	11	the	the	DET
cjfa-56736	246	12	duration	duration	NOUN
cjfa-56736	246	13	in	in	ADP
cjfa-56736	246	14	days	day	NOUN
cjfa-56736	246	15	between	between	ADP
cjfa-56736	246	16	the	the	DET
cjfa-56736	246	17	token	token	ADJ
cjfa-56736	246	18	start	start	NOUN
cjfa-56736	246	19	date	date	NOUN
cjfa-56736	246	20	and	and	CCONJ
cjfa-56736	246	21	the	the	DET
cjfa-56736	246	22	project	project	NOUN
cjfa-56736	246	23	creation	creation	NOUN
cjfa-56736	246	24	date	date	NOUN
cjfa-56736	246	25	.	.	PUNCT
cjfa-56736	247	1	the	the	DET
cjfa-56736	247	2	average	average	NOUN
cjfa-56736	247	3	is	be	AUX
cjfa-56736	247	4	almost	almost	ADV
cjfa-56736	247	5	100	100	NUM
cjfa-56736	247	6	days	day	NOUN
cjfa-56736	247	7	,	,	PUNCT
cjfa-56736	247	8	so	so	SCONJ
cjfa-56736	247	9	we	we	PRON
cjfa-56736	247	10	can	can	AUX
cjfa-56736	247	11	conclude	conclude	VERB
cjfa-56736	247	12	that	that	SCONJ
cjfa-56736	247	13	the	the	DET
cjfa-56736	247	14	average	average	ADJ
cjfa-56736	247	15	difference	difference	NOUN
cjfa-56736	247	16	between	between	ADP
cjfa-56736	247	17	the	the	DET
cjfa-56736	247	18	two	two	NUM
cjfa-56736	247	19	dates	date	NOUN
cjfa-56736	247	20	is	be	AUX
cjfa-56736	247	21	very	very	ADV
cjfa-56736	247	22	large	large	ADJ
cjfa-56736	247	23	.	.	PUNCT
cjfa-56736	248	1	the	the	DET
cjfa-56736	248	2	median	median	ADJ
cjfa-56736	248	3	time	time	NOUN
cjfa-56736	248	4	to	to	ADP
cjfa-56736	248	5	market	market	NOUN
cjfa-56736	248	6	is	be	AUX
cjfa-56736	248	7	98	98	NUM
cjfa-56736	248	8	days	day	NOUN
cjfa-56736	248	9	longer	long	ADV
cjfa-56736	248	10	.	.	PUNCT
cjfa-56736	249	1	the	the	DET
cjfa-56736	249	2	time	time	NOUN
cjfa-56736	249	3	to	to	ADP
cjfa-56736	249	4	market	market	NOUN
cjfa-56736	249	5	at	at	ADP
cjfa-56736	249	6	the	the	DET
cjfa-56736	249	7	25th	25th	ADJ
cjfa-56736	249	8	percentile	percentile	NOUN
cjfa-56736	249	9	is	be	AUX
cjfa-56736	249	10	positive	positive	ADJ
cjfa-56736	249	11	by	by	ADP
cjfa-56736	249	12	17	17	NUM
cjfa-56736	249	13	days	day	NOUN
cjfa-56736	249	14	,	,	PUNCT
cjfa-56736	249	15	while	while	SCONJ
cjfa-56736	249	16	it	it	PRON
cjfa-56736	249	17	is	be	AUX
cjfa-56736	249	18	also	also	ADV
cjfa-56736	249	19	positive	positive	ADJ
cjfa-56736	249	20	by	by	ADP
cjfa-56736	249	21	180	180	NUM
cjfa-56736	249	22	days	day	NOUN
cjfa-56736	249	23	at	at	ADP
cjfa-56736	249	24	the	the	DET
cjfa-56736	249	25	75th	75th	ADJ
cjfa-56736	249	26	percentile	percentile	NOUN
cjfa-56736	249	27	,	,	PUNCT
cjfa-56736	249	28	with	with	ADP
cjfa-56736	249	29	a	a	DET
cjfa-56736	249	30	minimum	minimum	ADJ
cjfa-56736	249	31	value	value	NOUN
cjfa-56736	249	32	of	of	ADP
cjfa-56736	249	33	0	0	NUM
cjfa-56736	249	34	days	day	NOUN
cjfa-56736	249	35	and	and	CCONJ
cjfa-56736	249	36	a	a	DET
cjfa-56736	249	37	maximum	maximum	ADJ
cjfa-56736	249	38	positive	positive	ADJ
cjfa-56736	249	39	value	value	NOUN
cjfa-56736	249	40	of	of	ADP
cjfa-56736	249	41	320	320	NUM
cjfa-56736	249	42	days	day	NOUN
cjfa-56736	249	43	.	.	PUNCT
cjfa-56736	250	1	study	study	NOUN
cjfa-56736	250	2	of	of	ADP
cjfa-56736	250	3	the	the	DET
cjfa-56736	250	4	performance	performance	NOUN
cjfa-56736	250	5	and	and	CCONJ
cjfa-56736	250	6	determinants	determinant	NOUN
cjfa-56736	250	7	…	…	PUNCT
cjfa-56736	250	8	1919	1919	NUM
cjfa-56736	251	1	delisting	delisting	NOUN
cjfa-56736	251	2	is	be	AUX
cjfa-56736	251	3	a	a	DET
cjfa-56736	251	4	variable	variable	NOUN
cjfa-56736	251	5	that	that	PRON
cjfa-56736	251	6	lets	let	VERB
cjfa-56736	251	7	you	you	PRON
cjfa-56736	251	8	know	know	VERB
cjfa-56736	251	9	which	which	DET
cjfa-56736	251	10	tokens	token	NOUN
cjfa-56736	251	11	or	or	CCONJ
cjfa-56736	251	12	projects	project	NOUN
cjfa-56736	251	13	are	be	AUX
cjfa-56736	251	14	delisted	delist	VERB
cjfa-56736	251	15	on	on	ADP
cjfa-56736	251	16	one	one	NUM
cjfa-56736	251	17	or	or	CCONJ
cjfa-56736	251	18	more	more	ADJ
cjfa-56736	251	19	platforms	platform	NOUN
cjfa-56736	251	20	or	or	CCONJ
cjfa-56736	251	21	which	which	PRON
cjfa-56736	251	22	are	be	AUX
cjfa-56736	251	23	not	not	PART
cjfa-56736	251	24	delisted	delist	VERB
cjfa-56736	251	25	.	.	PUNCT
cjfa-56736	252	1	the	the	DET
cjfa-56736	252	2	average	average	ADJ
cjfa-56736	252	3	delisting	delisting	NOUN
cjfa-56736	252	4	is	be	AUX
cjfa-56736	252	5	0.932	0.932	NUM
cjfa-56736	252	6	.	.	PUNCT
cjfa-56736	253	1	the	the	DET
cjfa-56736	253	2	median	median	ADJ
cjfa-56736	253	3	delisting	delisting	NOUN
cjfa-56736	253	4	is	be	AUX
cjfa-56736	253	5	equal	equal	ADJ
cjfa-56736	253	6	to	to	ADP
cjfa-56736	253	7	0.44	0.44	NUM
cjfa-56736	253	8	.	.	PUNCT
cjfa-56736	254	1	delisting	delist	VERB
cjfa-56736	254	2	at	at	ADP
cjfa-56736	254	3	the	the	DET
cjfa-56736	254	4	25th	25th	ADJ
cjfa-56736	254	5	percentile	percentile	NOUN
cjfa-56736	254	6	is	be	AUX
cjfa-56736	254	7	1	1	NUM
cjfa-56736	254	8	,	,	PUNCT
cjfa-56736	254	9	and	and	CCONJ
cjfa-56736	254	10	at	at	ADP
cjfa-56736	254	11	the	the	DET
cjfa-56736	254	12	75th	75th	ADJ
cjfa-56736	254	13	percentile	percentile	NOUN
cjfa-56736	254	14	is	be	AUX
cjfa-56736	254	15	the	the	DET
cjfa-56736	254	16	same	same	ADJ
cjfa-56736	254	17	,	,	PUNCT
cjfa-56736	254	18	with	with	ADP
cjfa-56736	254	19	a	a	DET
cjfa-56736	254	20	minimum	minimum	ADJ
cjfa-56736	254	21	value	value	NOUN
cjfa-56736	254	22	of	of	ADP
cjfa-56736	254	23	0	0	NUM
cjfa-56736	254	24	and	and	CCONJ
cjfa-56736	254	25	a	a	DET
cjfa-56736	254	26	maximum	maximum	ADJ
cjfa-56736	254	27	value	value	NOUN
cjfa-56736	254	28	of	of	ADP
cjfa-56736	254	29	1	1	NUM
cjfa-56736	254	30	,	,	PUNCT
cjfa-56736	254	31	since	since	SCONJ
cjfa-56736	254	32	it	it	PRON
cjfa-56736	254	33	is	be	AUX
cjfa-56736	254	34	a	a	DET
cjfa-56736	254	35	binary	binary	ADJ
cjfa-56736	254	36	variable	variable	NOUN
cjfa-56736	254	37	.	.	PUNCT
cjfa-56736	255	1	table	table	NOUN
cjfa-56736	255	2	3	3	NUM
cjfa-56736	255	3	displays	display	VERB
cjfa-56736	255	4	statistics	statistic	NOUN
cjfa-56736	255	5	for	for	ADP
cjfa-56736	255	6	the	the	DET
cjfa-56736	255	7	dependent	dependent	ADJ
cjfa-56736	255	8	variables	variable	NOUN
cjfa-56736	255	9	,	,	PUNCT
cjfa-56736	255	10	most	most	ADJ
cjfa-56736	255	11	of	of	ADP
cjfa-56736	255	12	which	which	PRON
cjfa-56736	255	13	are	be	AUX
cjfa-56736	255	14	binary	binary	ADJ
cjfa-56736	255	15	except	except	SCONJ
cjfa-56736	255	16	for	for	ADP
cjfa-56736	255	17	team	team	NOUN
cjfa-56736	255	18	size	size	NOUN
cjfa-56736	255	19	.	.	PUNCT
cjfa-56736	256	1	the	the	DET
cjfa-56736	256	2	ceo	ceo	NOUN
cjfa-56736	256	3	legacy	legacy	NOUN
cjfa-56736	256	4	mean	mean	VERB
cjfa-56736	256	5	is	be	AUX
cjfa-56736	256	6	0.1	0.1	NUM
cjfa-56736	256	7	.	.	PUNCT
cjfa-56736	257	1	the	the	DET
cjfa-56736	257	2	ceo	ceo	NOUN
cjfa-56736	257	3	legacy	legacy	NOUN
cjfa-56736	257	4	median	median	NOUN
cjfa-56736	257	5	is	be	AUX
cjfa-56736	257	6	0.3	0.3	NUM
cjfa-56736	257	7	.	.	PUNCT
cjfa-56736	258	1	ceo	ceo	NOUN
cjfa-56736	258	2	legacy	legacy	NOUN
cjfa-56736	258	3	at	at	ADP
cjfa-56736	258	4	the	the	DET
cjfa-56736	258	5	25th	25th	ADJ
cjfa-56736	258	6	percentile	percentile	NOUN
cjfa-56736	258	7	is	be	AUX
cjfa-56736	258	8	0	0	NUM
cjfa-56736	258	9	,	,	PUNCT
cjfa-56736	258	10	and	and	CCONJ
cjfa-56736	258	11	the	the	DET
cjfa-56736	258	12	same	same	ADJ
cjfa-56736	258	13	at	at	ADP
cjfa-56736	258	14	the	the	DET
cjfa-56736	258	15	75th	75th	ADJ
cjfa-56736	258	16	percentile	percentile	NOUN
cjfa-56736	258	17	,	,	PUNCT
cjfa-56736	258	18	with	with	ADP
cjfa-56736	258	19	a	a	DET
cjfa-56736	258	20	minimum	minimum	ADJ
cjfa-56736	258	21	value	value	NOUN
cjfa-56736	258	22	of	of	ADP
cjfa-56736	258	23	0	0	NUM
cjfa-56736	258	24	and	and	CCONJ
cjfa-56736	258	25	a	a	DET
cjfa-56736	258	26	maximum	maximum	ADJ
cjfa-56736	258	27	value	value	NOUN
cjfa-56736	258	28	of	of	ADP
cjfa-56736	258	29	1	1	NUM
cjfa-56736	258	30	.	.	PUNCT
cjfa-56736	259	1	the	the	DET
cjfa-56736	259	2	mean	mean	NOUN
cjfa-56736	259	3	erc20	erc20	PROPN
cjfa-56736	259	4	is	be	AUX
cjfa-56736	259	5	0.633	0.633	NUM
cjfa-56736	259	6	.	.	PUNCT
cjfa-56736	260	1	the	the	DET
cjfa-56736	260	2	median	median	PROPN
cjfa-56736	260	3	erc20	erc20	PROPN
cjfa-56736	260	4	is	be	AUX
cjfa-56736	260	5	0.440	0.440	NUM
cjfa-56736	260	6	,	,	PUNCT
cjfa-56736	260	7	the	the	DET
cjfa-56736	260	8	erc20	erc20	PROPN
cjfa-56736	260	9	at	at	ADP
cjfa-56736	260	10	the	the	DET
cjfa-56736	260	11	25th	25th	ADJ
cjfa-56736	260	12	percentile	percentile	NOUN
cjfa-56736	260	13	is	be	AUX
cjfa-56736	260	14	0	0	NUM
cjfa-56736	260	15	,	,	PUNCT
cjfa-56736	260	16	while	while	SCONJ
cjfa-56736	260	17	it	it	PRON
cjfa-56736	260	18	is	be	AUX
cjfa-56736	260	19	1	1	NUM
cjfa-56736	260	20	at	at	ADP
cjfa-56736	260	21	the	the	DET
cjfa-56736	260	22	75th	75th	ADJ
cjfa-56736	260	23	percentile	percentile	NOUN
cjfa-56736	260	24	,	,	PUNCT
cjfa-56736	260	25	also	also	ADV
cjfa-56736	260	26	with	with	ADP
cjfa-56736	260	27	a	a	DET
cjfa-56736	260	28	minimum	minimum	ADJ
cjfa-56736	260	29	value	value	NOUN
cjfa-56736	260	30	of	of	ADP
cjfa-56736	260	31	0	0	NUM
cjfa-56736	260	32	and	and	CCONJ
cjfa-56736	260	33	a	a	DET
cjfa-56736	260	34	maximum	maximum	ADJ
cjfa-56736	260	35	value	value	NOUN
cjfa-56736	260	36	of	of	ADP
cjfa-56736	260	37	1	1	NUM
cjfa-56736	260	38	.	.	PUNCT
cjfa-56736	261	1	the	the	DET
cjfa-56736	261	2	average	average	NOUN
cjfa-56736	261	3	for	for	ADP
cjfa-56736	261	4	major	major	ADJ
cjfa-56736	261	5	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	261	6	is	be	AUX
cjfa-56736	261	7	0.8	0.8	NUM
cjfa-56736	261	8	.	.	PUNCT
cjfa-56736	262	1	the	the	DET
cjfa-56736	262	2	median	median	ADJ
cjfa-56736	262	3	major	major	ADJ
cjfa-56736	262	4	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	262	5	is	be	AUX
cjfa-56736	262	6	0.59	0.59	NUM
cjfa-56736	262	7	,	,	PUNCT
cjfa-56736	262	8	the	the	DET
cjfa-56736	262	9	major	major	ADJ
cjfa-56736	262	10	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	262	11	at	at	ADP
cjfa-56736	262	12	the	the	DET
cjfa-56736	262	13	25th	25th	ADJ
cjfa-56736	262	14	percentile	percentile	NOUN
cjfa-56736	262	15	is	be	AUX
cjfa-56736	262	16	0	0	NUM
cjfa-56736	262	17	,	,	PUNCT
cjfa-56736	262	18	while	while	SCONJ
cjfa-56736	262	19	it	it	PRON
cjfa-56736	262	20	is	be	AUX
cjfa-56736	262	21	1	1	NUM
cjfa-56736	262	22	at	at	ADP
cjfa-56736	262	23	the	the	DET
cjfa-56736	262	24	75th	75th	ADJ
cjfa-56736	262	25	percentile	percentile	NOUN
cjfa-56736	262	26	too	too	ADV
cjfa-56736	262	27	,	,	PUNCT
cjfa-56736	262	28	with	with	ADP
cjfa-56736	262	29	a	a	DET
cjfa-56736	262	30	minimum	minimum	ADJ
cjfa-56736	262	31	value	value	NOUN
cjfa-56736	262	32	of	of	ADP
cjfa-56736	262	33	0	0	NUM
cjfa-56736	262	34	and	and	CCONJ
cjfa-56736	262	35	a	a	DET
cjfa-56736	262	36	maximum	maximum	ADJ
cjfa-56736	262	37	value	value	NOUN
cjfa-56736	262	38	of	of	ADP
cjfa-56736	262	39	1	1	NUM
cjfa-56736	262	40	.	.	PUNCT
cjfa-56736	263	1	the	the	DET
cjfa-56736	263	2	average	average	ADJ
cjfa-56736	263	3	usa	usa	PROPN
cjfa-56736	263	4	restriction	restriction	NOUN
cjfa-56736	263	5	is	be	AUX
cjfa-56736	263	6	0.200	0.200	NUM
cjfa-56736	263	7	.	.	PUNCT
cjfa-56736	264	1	the	the	DET
cjfa-56736	264	2	median	median	PROPN
cjfa-56736	264	3	usa	usa	PROPN
cjfa-56736	264	4	restriction	restriction	NOUN
cjfa-56736	264	5	is	be	AUX
cjfa-56736	264	6	0.471	0.471	NUM
cjfa-56736	264	7	,	,	PUNCT
cjfa-56736	264	8	the	the	DET
cjfa-56736	264	9	usa	usa	PROPN
cjfa-56736	264	10	restriction	restriction	NOUN
cjfa-56736	264	11	at	at	ADP
cjfa-56736	264	12	the	the	DET
cjfa-56736	264	13	25th	25th	ADJ
cjfa-56736	264	14	percentile	percentile	NOUN
cjfa-56736	264	15	is	be	AUX
cjfa-56736	264	16	0	0	NUM
cjfa-56736	264	17	,	,	PUNCT
cjfa-56736	264	18	while	while	SCONJ
cjfa-56736	264	19	it	it	PRON
cjfa-56736	264	20	is	be	AUX
cjfa-56736	264	21	1	1	NUM
cjfa-56736	264	22	at	at	ADP
cjfa-56736	264	23	the	the	DET
cjfa-56736	264	24	75th	75th	ADJ
cjfa-56736	264	25	percentile	percentile	NOUN
cjfa-56736	264	26	with	with	ADP
cjfa-56736	264	27	a	a	DET
cjfa-56736	264	28	minimum	minimum	ADJ
cjfa-56736	264	29	value	value	NOUN
cjfa-56736	264	30	of	of	ADP
cjfa-56736	264	31	0	0	NUM
cjfa-56736	264	32	and	and	CCONJ
cjfa-56736	264	33	a	a	DET
cjfa-56736	264	34	maximum	maximum	ADJ
cjfa-56736	264	35	value	value	NOUN
cjfa-56736	264	36	of	of	ADP
cjfa-56736	264	37	1	1	NUM
cjfa-56736	264	38	.	.	PUNCT
cjfa-56736	265	1	the	the	DET
cjfa-56736	265	2	average	average	ADJ
cjfa-56736	265	3	kyc	kyc	PROPN
cjfa-56736	265	4	is	be	AUX
cjfa-56736	265	5	0.487	0.487	NUM
cjfa-56736	265	6	.	.	PUNCT
cjfa-56736	266	1	the	the	DET
cjfa-56736	266	2	median	median	PROPN
cjfa-56736	266	3	kyc	kyc	PROPN
cjfa-56736	266	4	is	be	AUX
cjfa-56736	266	5	0.499	0.499	NUM
cjfa-56736	266	6	;	;	PUNCT
cjfa-56736	266	7	the	the	DET
cjfa-56736	266	8	kyc	kyc	PROPN
cjfa-56736	266	9	at	at	ADP
cjfa-56736	266	10	the	the	DET
cjfa-56736	266	11	25th	25th	ADJ
cjfa-56736	266	12	percentile	percentile	NOUN
cjfa-56736	266	13	is	be	AUX
cjfa-56736	266	14	0	0	NUM
cjfa-56736	266	15	,	,	PUNCT
cjfa-56736	266	16	while	while	SCONJ
cjfa-56736	266	17	it	it	PRON
cjfa-56736	266	18	is	be	AUX
cjfa-56736	266	19	1	1	NUM
cjfa-56736	266	20	at	at	ADP
cjfa-56736	266	21	the	the	DET
cjfa-56736	266	22	75th	75th	ADJ
cjfa-56736	266	23	percentile	percentile	NOUN
cjfa-56736	266	24	,	,	PUNCT
cjfa-56736	266	25	with	with	ADP
cjfa-56736	266	26	a	a	DET
cjfa-56736	266	27	minimum	minimum	ADJ
cjfa-56736	266	28	value	value	NOUN
cjfa-56736	266	29	of	of	ADP
cjfa-56736	266	30	0	0	NUM
cjfa-56736	266	31	and	and	CCONJ
cjfa-56736	266	32	a	a	DET
cjfa-56736	266	33	maximum	maximum	ADJ
cjfa-56736	266	34	value	value	NOUN
cjfa-56736	266	35	of	of	ADP
cjfa-56736	266	36	1	1	NUM
cjfa-56736	266	37	.	.	PUNCT
cjfa-56736	267	1	the	the	DET
cjfa-56736	267	2	average	average	ADJ
cjfa-56736	267	3	white	white	ADJ
cjfa-56736	267	4	list	list	NOUN
cjfa-56736	267	5	is	be	AUX
cjfa-56736	267	6	0.257	0.257	NUM
cjfa-56736	267	7	.	.	PUNCT
cjfa-56736	268	1	the	the	DET
cjfa-56736	268	2	median	median	ADJ
cjfa-56736	268	3	white	white	PROPN
cjfa-56736	268	4	list	list	NOUN
cjfa-56736	268	5	is	be	AUX
cjfa-56736	268	6	0.442	0.442	NUM
cjfa-56736	268	7	;	;	PUNCT
cjfa-56736	268	8	the	the	DET
cjfa-56736	268	9	white	white	ADJ
cjfa-56736	268	10	list	list	NOUN
cjfa-56736	268	11	at	at	ADP
cjfa-56736	268	12	the	the	DET
cjfa-56736	268	13	25th	25th	ADJ
cjfa-56736	268	14	percentile	percentile	NOUN
cjfa-56736	268	15	is	be	AUX
cjfa-56736	268	16	0	0	NUM
cjfa-56736	268	17	,	,	PUNCT
cjfa-56736	268	18	while	while	SCONJ
cjfa-56736	268	19	it	it	PRON
cjfa-56736	268	20	is	be	AUX
cjfa-56736	268	21	1	1	NUM
cjfa-56736	268	22	at	at	ADP
cjfa-56736	268	23	the	the	DET
cjfa-56736	268	24	75th	75th	ADJ
cjfa-56736	268	25	percentile	percentile	NOUN
cjfa-56736	268	26	too	too	ADV
cjfa-56736	268	27	,	,	PUNCT
cjfa-56736	268	28	with	with	ADP
cjfa-56736	268	29	a	a	DET
cjfa-56736	268	30	minimum	minimum	ADJ
cjfa-56736	268	31	value	value	NOUN
cjfa-56736	268	32	of	of	ADP
cjfa-56736	268	33	0	0	NUM
cjfa-56736	268	34	and	and	CCONJ
cjfa-56736	268	35	a	a	DET
cjfa-56736	268	36	maximum	maximum	ADJ
cjfa-56736	268	37	value	value	NOUN
cjfa-56736	268	38	of	of	ADP
cjfa-56736	268	39	1	1	NUM
cjfa-56736	268	40	.	.	PUNCT
cjfa-56736	268	41	to	to	PART
cjfa-56736	268	42	conclude	conclude	VERB
cjfa-56736	268	43	with	with	ADP
cjfa-56736	268	44	the	the	DET
cjfa-56736	268	45	last	last	ADJ
cjfa-56736	268	46	variable	variable	NOUN
cjfa-56736	268	47	,	,	PUNCT
cjfa-56736	268	48	team	team	NOUN
cjfa-56736	268	49	size	size	NOUN
cjfa-56736	268	50	,	,	PUNCT
cjfa-56736	268	51	the	the	DET
cjfa-56736	268	52	average	average	ADJ
cjfa-56736	268	53	team	team	NOUN
cjfa-56736	268	54	size	size	NOUN
cjfa-56736	268	55	is	be	AUX
cjfa-56736	268	56	9.767	9.767	NUM
cjfa-56736	268	57	.	.	PUNCT
cjfa-56736	269	1	the	the	DET
cjfa-56736	269	2	median	median	ADJ
cjfa-56736	269	3	team	team	NOUN
cjfa-56736	269	4	size	size	NOUN
cjfa-56736	269	5	is	be	AUX
cjfa-56736	269	6	5.800	5.800	NUM
cjfa-56736	269	7	,	,	PUNCT
cjfa-56736	269	8	the	the	DET
cjfa-56736	269	9	team	team	NOUN
cjfa-56736	269	10	size	size	NOUN
cjfa-56736	269	11	at	at	ADP
cjfa-56736	269	12	the	the	DET
cjfa-56736	269	13	25th	25th	ADJ
cjfa-56736	269	14	percentile	percentile	NOUN
cjfa-56736	269	15	is	be	AUX
cjfa-56736	269	16	6	6	NUM
cjfa-56736	269	17	,	,	PUNCT
cjfa-56736	269	18	while	while	SCONJ
cjfa-56736	269	19	it	it	PRON
cjfa-56736	269	20	is	be	AUX
cjfa-56736	269	21	14	14	NUM
cjfa-56736	269	22	at	at	ADP
cjfa-56736	269	23	the	the	DET
cjfa-56736	269	24	75th	75th	ADJ
cjfa-56736	269	25	percentile	percentile	NOUN
cjfa-56736	269	26	,	,	PUNCT
cjfa-56736	269	27	with	with	ADP
cjfa-56736	269	28	a	a	DET
cjfa-56736	269	29	minimum	minimum	ADJ
cjfa-56736	269	30	value	value	NOUN
cjfa-56736	269	31	of	of	ADP
cjfa-56736	269	32	4	4	NUM
cjfa-56736	269	33	and	and	CCONJ
cjfa-56736	269	34	a	a	DET
cjfa-56736	269	35	maximum	maximum	ADJ
cjfa-56736	269	36	value	value	NOUN
cjfa-56736	269	37	of	of	ADP
cjfa-56736	269	38	20	20	NUM
cjfa-56736	269	39	.	.	PUNCT
cjfa-56736	270	1	dorsaf	dorsaf	PROPN
cjfa-56736	270	2	ben	ben	PROPN
cjfa-56736	270	3	aissia	aissia	PROPN
cjfa-56736	270	4	,	,	PUNCT
cjfa-56736	270	5	alaa	alaa	PROPN
cjfa-56736	270	6	eddine	eddine	PROPN
cjfa-56736	270	7	chakroun2020	chakroun2020	PROPN
cjfa-56736	270	8	empirical	empirical	ADJ
cjfa-56736	270	9	analysisempirical	analysisempirical	ADJ
cjfa-56736	270	10	analysis	analysis	NOUN
cjfa-56736	270	11	performance	performance	NOUN
cjfa-56736	270	12	on	on	ADP
cjfa-56736	270	13	the	the	DET
cjfa-56736	270	14	first	first	ADJ
cjfa-56736	270	15	day	day	NOUN
cjfa-56736	270	16	returnsperformance	returnsperformance	NOUN
cjfa-56736	270	17	on	on	ADP
cjfa-56736	270	18	the	the	DET
cjfa-56736	270	19	first	first	ADJ
cjfa-56736	270	20	day	day	NOUN
cjfa-56736	270	21	returns	return	NOUN
cjfa-56736	270	22	table	table	VERB
cjfa-56736	270	23	4	4	NUM
cjfa-56736	270	24	.	.	PUNCT
cjfa-56736	271	1	first	first	ADJ
cjfa-56736	271	2	-	-	PUNCT
cjfa-56736	271	3	day	day	NOUN
cjfa-56736	271	4	returns	return	NOUN
cjfa-56736	271	5	(	(	PUNCT
cjfa-56736	271	6	1	1	X
cjfa-56736	271	7	)	)	PUNCT
cjfa-56736	271	8	r	r	NOUN
cjfa-56736	271	9	(	(	PUNCT
cjfa-56736	271	10	2	2	NUM
cjfa-56736	271	11	)	)	PUNCT
cjfa-56736	271	12	ew	ew	NOUN
cjfa-56736	271	13	(	(	PUNCT
cjfa-56736	271	14	3	3	NUM
cjfa-56736	271	15	)	)	PUNCT
cjfa-56736	271	16	vw	vw	PROPN
cjfa-56736	271	17	erc20	erc20	PROPN
cjfa-56736	271	18	.047	.047	NUM
cjfa-56736	271	19	.021	.021	NUM
cjfa-56736	271	20	.02	.02	NUM
cjfa-56736	271	21	(	(	PUNCT
cjfa-56736	271	22	.870	.870	NUM
cjfa-56736	271	23	)	)	PUNCT
cjfa-56736	271	24	(	(	PUNCT
cjfa-56736	271	25	.350	.350	NUM
cjfa-56736	271	26	)	)	PUNCT
cjfa-56736	271	27	(	(	PUNCT
cjfa-56736	271	28	.610	.610	NUM
cjfa-56736	271	29	)	)	PUNCT
cjfa-56736	271	30	ceo	ceo	NOUN
cjfa-56736	271	31	legacy	legacy	NOUN
cjfa-56736	271	32	.01	.01	NUM
cjfa-56736	271	33	.006	.006	NUM
cjfa-56736	271	34	0	0	NUM
cjfa-56736	271	35	(	(	PUNCT
cjfa-56736	271	36	.224	.224	NUM
cjfa-56736	271	37	)	)	PUNCT
cjfa-56736	271	38	(	(	PUNCT
cjfa-56736	271	39	.159	.159	NUM
cjfa-56736	271	40	)	)	PUNCT
cjfa-56736	271	41	(	(	PUNCT
cjfa-56736	271	42	-.002	-.002	NOUN
cjfa-56736	271	43	)	)	PUNCT
cjfa-56736	271	44	ico	ico	PROPN
cjfa-56736	271	45	gross	gross	ADJ
cjfa-56736	271	46	proceed	proceed	VERB
cjfa-56736	271	47	~	~	PUNCT
cjfa-56736	271	48	d	d	X
cjfa-56736	271	49	0	0	PUNCT
cjfa-56736	271	50	*	*	PUNCT
cjfa-56736	271	51	*	*	PUNCT
cjfa-56736	271	52	0	0	PUNCT
cjfa-56736	271	53	*	*	PUNCT
cjfa-56736	271	54	*	*	PUNCT
cjfa-56736	271	55	*	*	PUNCT
cjfa-56736	271	56	0	0	PUNCT
cjfa-56736	271	57	*	*	PUNCT
cjfa-56736	271	58	*	*	PUNCT
cjfa-56736	271	59	*	*	PUNCT
cjfa-56736	272	1	_	_	PUNCT
cjfa-56736	272	2	cons	con	NOUN
cjfa-56736	272	3	(	(	PUNCT
cjfa-56736	272	4	-4.878	-4.878	ADJ
cjfa-56736	272	5	)	)	PUNCT
cjfa-56736	272	6	.244	.244	NUM
cjfa-56736	272	7	*	*	PUNCT
cjfa-56736	272	8	*	*	PUNCT
cjfa-56736	272	9	*	*	PUNCT
cjfa-56736	272	10	(	(	PUNCT
cjfa-56736	272	11	9.797	9.797	NUM
cjfa-56736	272	12	)	)	PUNCT
cjfa-56736	272	13	(	(	PUNCT
cjfa-56736	272	14	-4.839	-4.839	NUM
cjfa-56736	272	15	)	)	PUNCT
cjfa-56736	272	16	.164	.164	NUM
cjfa-56736	272	17	*	*	PUNCT
cjfa-56736	273	1	*	*	PUNCT
cjfa-56736	273	2	*	*	PUNCT
cjfa-56736	273	3	(	(	PUNCT
cjfa-56736	273	4	5.619	5.619	NUM
cjfa-56736	273	5	)	)	PUNCT
cjfa-56736	273	6	(	(	PUNCT
cjfa-56736	273	7	-7.884	-7.884	X
cjfa-56736	273	8	)	)	PUNCT
cjfa-56736	273	9	.18	.18	NUM
cjfa-56736	274	1	*	*	PUNCT
cjfa-56736	274	2	*	*	PUNCT
cjfa-56736	274	3	*	*	PUNCT
cjfa-56736	274	4	(	(	PUNCT
cjfa-56736	274	5	6.820	6.820	NUM
cjfa-56736	274	6	)	)	PUNCT
cjfa-56736	274	7	r	r	NOUN
cjfa-56736	274	8	-	-	PUNCT
cjfa-56736	274	9	squared	square	VERB
cjfa-56736	274	10	.009	.009	NUM
cjfa-56736	274	11	.005	.005	NUM
cjfa-56736	274	12	.006	.006	NUM
cjfa-56736	274	13	t	t	NOUN
cjfa-56736	274	14	-	-	PUNCT
cjfa-56736	274	15	values	value	NOUN
cjfa-56736	274	16	are	be	AUX
cjfa-56736	274	17	in	in	ADP
cjfa-56736	274	18	parentheses	parenthesis	NOUN
cjfa-56736	274	19	*	*	PUNCT
cjfa-56736	274	20	*	*	PUNCT
cjfa-56736	274	21	*	*	PUNCT
cjfa-56736	274	22	p<.01,**p<.05,*p<.1	p<.01,**p<.05,*p<.1	PROPN
cjfa-56736	274	23	s	s	PART
cjfa-56736	274	24	o	o	NOUN
cjfa-56736	274	25	u	u	NOUN
cjfa-56736	274	26	r	r	NOUN
cjfa-56736	274	27	c	c	NOUN
cjfa-56736	274	28	e	e	NOUN
cjfa-56736	274	29	:	:	PUNCT
cjfa-56736	274	30	authors	author	NOUN
cjfa-56736	274	31	’	’	PART
cjfa-56736	274	32	calculation	calculation	NOUN
cjfa-56736	274	33	from	from	ADP
cjfa-56736	274	34	sample	sample	NOUN
cjfa-56736	274	35	data	datum	NOUN
cjfa-56736	274	36	.	.	PUNCT
cjfa-56736	275	1	table	table	NOUN
cjfa-56736	275	2	4	4	NUM
cjfa-56736	275	3	reports	report	NOUN
cjfa-56736	275	4	results	result	VERB
cjfa-56736	275	5	for	for	ADP
cjfa-56736	275	6	the	the	DET
cjfa-56736	275	7	regressions	regression	NOUN
cjfa-56736	275	8	results	result	NOUN
cjfa-56736	275	9	of	of	ADP
cjfa-56736	275	10	first	first	ADJ
cjfa-56736	275	11	day	day	NOUN
cjfa-56736	275	12	returns	return	NOUN
cjfa-56736	275	13	for	for	ADP
cjfa-56736	275	14	dependant	dependant	ADJ
cjfa-56736	275	15	variables	variable	NOUN
cjfa-56736	275	16	er20	er20	PROPN
cjfa-56736	275	17	,	,	PUNCT
cjfa-56736	275	18	ceo	ceo	NOUN
cjfa-56736	275	19	legacy	legacy	NOUN
cjfa-56736	275	20	and	and	CCONJ
cjfa-56736	275	21	ico	ico	PROPN
cjfa-56736	275	22	grossproceed	grossprocee	VERB
cjfa-56736	275	23	.	.	PUNCT
cjfa-56736	276	1	three	three	NUM
cjfa-56736	276	2	different	different	ADJ
cjfa-56736	276	3	models	model	NOUN
cjfa-56736	276	4	are	be	AUX
cjfa-56736	276	5	used	use	VERB
cjfa-56736	276	6	.	.	PUNCT
cjfa-56736	277	1	model	model	NOUN
cjfa-56736	277	2	(	(	PUNCT
cjfa-56736	277	3	1	1	X
cjfa-56736	277	4	)	)	PUNCT
cjfa-56736	277	5	looked	look	VERB
cjfa-56736	277	6	at	at	ADP
cjfa-56736	277	7	gross	gross	ADJ
cjfa-56736	277	8	returns	return	NOUN
cjfa-56736	277	9	(	(	PUNCT
cjfa-56736	277	10	r	r	NOUN
cjfa-56736	277	11	)	)	PUNCT
cjfa-56736	277	12	,	,	PUNCT
cjfa-56736	277	13	model	model	NOUN
cjfa-56736	277	14	(	(	PUNCT
cjfa-56736	277	15	2	2	NUM
cjfa-56736	277	16	)	)	PUNCT
cjfa-56736	277	17	based	base	VERB
cjfa-56736	277	18	on	on	ADP
cjfa-56736	277	19	abnormal	abnormal	ADJ
cjfa-56736	277	20	returns	return	NOUN
cjfa-56736	277	21	corrected	correct	VERB
cjfa-56736	277	22	weighted	weight	VERB
cjfa-56736	277	23	benchmark	benchmark	NOUN
cjfa-56736	277	24	(	(	PUNCT
cjfa-56736	277	25	ew	ew	NOUN
cjfa-56736	277	26	)	)	PUNCT
cjfa-56736	277	27	,	,	PUNCT
cjfa-56736	277	28	and	and	CCONJ
cjfa-56736	277	29	finally	finally	ADV
cjfa-56736	277	30	,	,	PUNCT
cjfa-56736	277	31	model	model	NOUN
cjfa-56736	277	32	(	(	PUNCT
cjfa-56736	277	33	3	3	NUM
cjfa-56736	277	34	)	)	PUNCT
cjfa-56736	277	35	used	use	VERB
cjfa-56736	277	36	abnormal	abnormal	ADJ
cjfa-56736	277	37	returns	return	NOUN
cjfa-56736	277	38	corrected	correct	VERB
cjfa-56736	277	39	by	by	ADP
cjfa-56736	277	40	the	the	DET
cjfa-56736	277	41	value	value	NOUN
cjfa-56736	277	42	-	-	PUNCT
cjfa-56736	277	43	weighted	weight	VERB
cjfa-56736	277	44	benchmark	benchmark	NOUN
cjfa-56736	277	45	(	(	PUNCT
cjfa-56736	277	46	vw	vw	NOUN
cjfa-56736	277	47	)	)	PUNCT
cjfa-56736	277	48	.	.	PUNCT
cjfa-56736	278	1	in	in	ADP
cjfa-56736	278	2	model	model	NOUN
cjfa-56736	278	3	(	(	PUNCT
cjfa-56736	278	4	1	1	NUM
cjfa-56736	278	5	)	)	PUNCT
cjfa-56736	278	6	and	and	CCONJ
cjfa-56736	278	7	model	model	NOUN
cjfa-56736	278	8	(	(	PUNCT
cjfa-56736	278	9	3	3	NUM
cjfa-56736	278	10	)	)	PUNCT
cjfa-56736	278	11	,	,	PUNCT
cjfa-56736	278	12	we	we	PRON
cjfa-56736	278	13	observed	observe	VERB
cjfa-56736	278	14	an	an	DET
cjfa-56736	278	15	interesting	interesting	ADJ
cjfa-56736	278	16	result	result	NOUN
cjfa-56736	278	17	concerning	concern	VERB
cjfa-56736	278	18	ico	ico	PROPN
cjfa-56736	278	19	gross	gross	ADJ
cjfa-56736	278	20	proceeds	proceed	NOUN
cjfa-56736	278	21	.	.	PUNCT
cjfa-56736	279	1	although	although	SCONJ
cjfa-56736	279	2	its	its	PRON
cjfa-56736	279	3	value	value	NOUN
cjfa-56736	279	4	is	be	AUX
cjfa-56736	279	5	zero	zero	NUM
cjfa-56736	279	6	,	,	PUNCT
cjfa-56736	279	7	it	it	PRON
cjfa-56736	279	8	has	have	VERB
cjfa-56736	279	9	a	a	DET
cjfa-56736	279	10	positive	positive	ADJ
cjfa-56736	279	11	and	and	CCONJ
cjfa-56736	279	12	significant	significant	ADJ
cjfa-56736	279	13	impact	impact	NOUN
cjfa-56736	279	14	at	at	ADP
cjfa-56736	279	15	the	the	DET
cjfa-56736	279	16	10	10	NUM
cjfa-56736	279	17	%	%	NOUN
cjfa-56736	279	18	level	level	NOUN
cjfa-56736	279	19	on	on	ADP
cjfa-56736	279	20	first	first	ADJ
cjfa-56736	279	21	-	-	PUNCT
cjfa-56736	279	22	day	day	NOUN
cjfa-56736	279	23	returns	return	NOUN
cjfa-56736	279	24	(	(	PUNCT
cjfa-56736	279	25	r	r	NOUN
cjfa-56736	279	26	and	and	CCONJ
cjfa-56736	279	27	vw	vw	NOUN
cjfa-56736	279	28	)	)	PUNCT
cjfa-56736	279	29	.	.	PUNCT
cjfa-56736	280	1	this	this	PRON
cjfa-56736	280	2	suggests	suggest	VERB
cjfa-56736	280	3	that	that	SCONJ
cjfa-56736	280	4	,	,	PUNCT
cjfa-56736	280	5	even	even	ADV
cjfa-56736	280	6	though	though	SCONJ
cjfa-56736	280	7	ico	ico	PROPN
cjfa-56736	280	8	gross	gross	ADJ
cjfa-56736	280	9	proceed	proceed	VERB
cjfa-56736	280	10	has	have	VERB
cjfa-56736	280	11	no	no	DET
cjfa-56736	280	12	value	value	NOUN
cjfa-56736	280	13	in	in	ADP
cjfa-56736	280	14	itself	itself	PRON
cjfa-56736	280	15	,	,	PUNCT
cjfa-56736	280	16	it	it	PRON
cjfa-56736	280	17	has	have	VERB
cjfa-56736	280	18	a	a	DET
cjfa-56736	280	19	positive	positive	ADJ
cjfa-56736	280	20	effect	effect	NOUN
cjfa-56736	280	21	on	on	ADP
cjfa-56736	280	22	initial	initial	ADJ
cjfa-56736	280	23	ico	ico	PROPN
cjfa-56736	280	24	performance	performance	NOUN
cjfa-56736	280	25	.	.	PUNCT
cjfa-56736	281	1	in	in	ADP
cjfa-56736	281	2	contrast	contrast	NOUN
cjfa-56736	281	3	,	,	PUNCT
cjfa-56736	281	4	the	the	DET
cjfa-56736	281	5	ceo	ceo	NOUN
cjfa-56736	281	6	legacy	legacy	NOUN
cjfa-56736	281	7	and	and	CCONJ
cjfa-56736	281	8	erc20	erc20	PROPN
cjfa-56736	281	9	variables	variable	NOUN
cjfa-56736	281	10	showed	show	VERB
cjfa-56736	281	11	positive	positive	ADJ
cjfa-56736	281	12	but	but	CCONJ
cjfa-56736	281	13	significant	significant	ADJ
cjfa-56736	281	14	coefficients	coefficient	NOUN
cjfa-56736	281	15	on	on	ADP
cjfa-56736	281	16	first	first	ADJ
cjfa-56736	281	17	-	-	PUNCT
cjfa-56736	281	18	day	day	NOUN
cjfa-56736	281	19	return	return	NOUN
cjfa-56736	281	20	(	(	PUNCT
cjfa-56736	281	21	r	r	NOUN
cjfa-56736	281	22	)	)	PUNCT
cjfa-56736	281	23	.	.	PUNCT
cjfa-56736	282	1	in	in	ADP
cjfa-56736	282	2	model	model	NOUN
cjfa-56736	282	3	(	(	PUNCT
cjfa-56736	282	4	2	2	NUM
cjfa-56736	282	5	)	)	PUNCT
cjfa-56736	282	6	,	,	PUNCT
cjfa-56736	282	7	which	which	PRON
cjfa-56736	282	8	looks	look	VERB
cjfa-56736	282	9	at	at	ADP
cjfa-56736	282	10	abnormal	abnormal	ADJ
cjfa-56736	282	11	returns	return	NOUN
cjfa-56736	282	12	corrected	correct	VERB
cjfa-56736	282	13	by	by	ADP
cjfa-56736	282	14	the	the	DET
cjfa-56736	282	15	equal	equal	ADJ
cjfa-56736	282	16	weighted	weight	VERB
cjfa-56736	282	17	benchmark	benchmark	NOUN
cjfa-56736	282	18	(	(	PUNCT
cjfa-56736	282	19	ew	ew	NOUN
cjfa-56736	282	20	)	)	PUNCT
cjfa-56736	282	21	,	,	PUNCT
cjfa-56736	282	22	we	we	PRON
cjfa-56736	282	23	also	also	ADV
cjfa-56736	282	24	find	find	VERB
cjfa-56736	282	25	that	that	SCONJ
cjfa-56736	282	26	ico	ico	PROPN
cjfa-56736	282	27	gross	gross	ADJ
cjfa-56736	282	28	proceed	proceed	VERB
cjfa-56736	282	29	,	,	PUNCT
cjfa-56736	282	30	ceo	ceo	NOUN
cjfa-56736	282	31	legacy	legacy	NOUN
cjfa-56736	282	32	,	,	PUNCT
cjfa-56736	282	33	study	study	NOUN
cjfa-56736	282	34	of	of	ADP
cjfa-56736	282	35	the	the	DET
cjfa-56736	282	36	performance	performance	NOUN
cjfa-56736	282	37	and	and	CCONJ
cjfa-56736	282	38	determinants	determinant	NOUN
cjfa-56736	282	39	…	…	PUNCT
cjfa-56736	282	40	2121	2121	NUM
cjfa-56736	282	41	and	and	CCONJ
cjfa-56736	282	42	erc20	erc20	PROPN
cjfa-56736	282	43	have	have	VERB
cjfa-56736	282	44	positive	positive	ADJ
cjfa-56736	282	45	coefficients	coefficient	NOUN
cjfa-56736	282	46	,	,	PUNCT
cjfa-56736	282	47	but	but	CCONJ
cjfa-56736	282	48	they	they	PRON
cjfa-56736	282	49	are	be	AUX
cjfa-56736	282	50	not	not	PART
cjfa-56736	282	51	significant	significant	ADJ
cjfa-56736	282	52	for	for	ADP
cjfa-56736	282	53	first	first	ADJ
cjfa-56736	282	54	-	-	PUNCT
cjfa-56736	282	55	day	day	NOUN
cjfa-56736	282	56	returns	return	NOUN
cjfa-56736	282	57	(	(	PUNCT
cjfa-56736	282	58	ew	ew	NOUN
cjfa-56736	282	59	)	)	PUNCT
cjfa-56736	282	60	.	.	PUNCT
cjfa-56736	283	1	time	time	NOUN
cjfa-56736	283	2	to	to	ADP
cjfa-56736	283	3	market	market	NOUN
cjfa-56736	283	4	and	and	CCONJ
cjfa-56736	283	5	delistingtime	delistingtime	NOUN
cjfa-56736	283	6	to	to	ADP
cjfa-56736	283	7	market	market	NOUN
cjfa-56736	283	8	and	and	CCONJ
cjfa-56736	283	9	delisting	delist	VERB
cjfa-56736	283	10	table	table	NOUN
cjfa-56736	283	11	5	5	NUM
cjfa-56736	283	12	.	.	NOUN
cjfa-56736	283	13	time	time	NOUN
cjfa-56736	283	14	to	to	ADP
cjfa-56736	283	15	market	market	NOUN
cjfa-56736	283	16	and	and	CCONJ
cjfa-56736	283	17	delisting	delist	VERB
cjfa-56736	283	18	time	time	NOUN
cjfa-56736	283	19	to	to	ADP
cjfa-56736	283	20	market	market	NOUN
cjfa-56736	283	21	delisting	delist	VERB
cjfa-56736	283	22	team	team	NOUN
cjfa-56736	283	23	size	size	NOUN
cjfa-56736	283	24	-3.88	-3.88	NOUN
cjfa-56736	283	25	*	*	PUNCT
cjfa-56736	283	26	*	*	PUNCT
cjfa-56736	283	27	*	*	PUNCT
cjfa-56736	283	28	(	(	PUNCT
cjfa-56736	283	29	-8.496	-8.496	NOUN
cjfa-56736	283	30	)	)	PUNCT
cjfa-56736	283	31	.010	.010	NUM
cjfa-56736	284	1	*	*	PUNCT
cjfa-56736	284	2	*	*	PUNCT
cjfa-56736	284	3	*	*	PUNCT
cjfa-56736	284	4	(	(	PUNCT
cjfa-56736	284	5	6.322	6.322	NUM
cjfa-56736	284	6	)	)	PUNCT
cjfa-56736	284	7	ceo	ceo	NOUN
cjfa-56736	284	8	legacy	legacy	NOUN
cjfa-56736	284	9	-32.322	-32.322	PROPN
cjfa-56736	284	10	*	*	PUNCT
cjfa-56736	284	11	*	*	PUNCT
cjfa-56736	284	12	*	*	PUNCT
cjfa-56736	284	13	.302	.302	NUM
cjfa-56736	284	14	*	*	PUNCT
cjfa-56736	284	15	*	*	PUNCT
cjfa-56736	284	16	*	*	PUNCT
cjfa-56736	284	17	kyc	kyc	X
cjfa-56736	284	18	(	(	PUNCT
cjfa-56736	284	19	-6.050	-6.050	PROPN
cjfa-56736	284	20	)	)	PUNCT
cjfa-56736	284	21	55.885	55.885	NUM
cjfa-56736	284	22	*	*	PUNCT
cjfa-56736	284	23	*	*	PUNCT
cjfa-56736	284	24	*	*	PUNCT
cjfa-56736	284	25	(	(	PUNCT
cjfa-56736	284	26	16.02	16.02	NUM
cjfa-56736	284	27	)	)	PUNCT
cjfa-56736	284	28	(	(	PUNCT
cjfa-56736	284	29	18.203	18.203	NUM
cjfa-56736	284	30	)	)	PUNCT
cjfa-56736	284	31	.294	.294	NUM
cjfa-56736	284	32	*	*	PUNCT
cjfa-56736	284	33	*	*	PUNCT
cjfa-56736	284	34	*	*	PUNCT
cjfa-56736	284	35	(	(	PUNCT
cjfa-56736	284	36	22.752	22.752	NUM
cjfa-56736	284	37	)	)	PUNCT
cjfa-56736	285	1	_	_	PRON
cjfa-56736	285	2	cons	con	NOUN
cjfa-56736	285	3	160.002	160.002	NUM
cjfa-56736	285	4	*	*	PUNCT
cjfa-56736	285	5	*	*	PUNCT
cjfa-56736	285	6	*	*	NOUN
cjfa-56736	285	7	.562	.562	NUM
cjfa-56736	285	8	*	*	PUNCT
cjfa-56736	285	9	*	*	PUNCT
cjfa-56736	285	10	*	*	PUNCT
cjfa-56736	285	11	(	(	PUNCT
cjfa-56736	285	12	20.29	20.29	NUM
cjfa-56736	285	13	)	)	PUNCT
cjfa-56736	285	14	(	(	PUNCT
cjfa-56736	285	15	31.56	31.56	NUM
cjfa-56736	285	16	)	)	PUNCT
cjfa-56736	285	17	r	r	NOUN
cjfa-56736	285	18	-	-	PUNCT
cjfa-56736	285	19	squared	square	VERB
cjfa-56736	285	20	.178	.178	NUM
cjfa-56736	285	21	.242	.242	NUM
cjfa-56736	285	22	t	t	PROPN
cjfa-56736	285	23	-	-	PUNCT
cjfa-56736	285	24	values	value	NOUN
cjfa-56736	285	25	are	be	AUX
cjfa-56736	285	26	in	in	ADP
cjfa-56736	285	27	parentheses	parenthesis	NOUN
cjfa-56736	285	28	*	*	PUNCT
cjfa-56736	285	29	*	*	PUNCT
cjfa-56736	285	30	*	*	PUNCT
cjfa-56736	285	31	p<.01	p<.01	VERB
cjfa-56736	285	32	,	,	PUNCT
cjfa-56736	285	33	*	*	PUNCT
cjfa-56736	285	34	*	*	NOUN
cjfa-56736	285	35	p<.05	p<.05	NOUN
cjfa-56736	285	36	,	,	PUNCT
cjfa-56736	285	37	*	*	PUNCT
cjfa-56736	286	1	p<.1	p<.1	PROPN
cjfa-56736	286	2	s	s	PART
cjfa-56736	286	3	o	o	NOUN
cjfa-56736	286	4	u	u	NOUN
cjfa-56736	286	5	r	r	NOUN
cjfa-56736	286	6	c	c	NOUN
cjfa-56736	286	7	e	e	NOUN
cjfa-56736	286	8	:	:	PUNCT
cjfa-56736	286	9	authors	author	NOUN
cjfa-56736	286	10	’	’	PART
cjfa-56736	286	11	calculation	calculation	NOUN
cjfa-56736	286	12	from	from	ADP
cjfa-56736	286	13	sample	sample	NOUN
cjfa-56736	286	14	data	datum	NOUN
cjfa-56736	286	15	.	.	PUNCT
cjfa-56736	287	1	the	the	DET
cjfa-56736	287	2	results	result	NOUN
cjfa-56736	287	3	presented	present	VERB
cjfa-56736	287	4	in	in	ADP
cjfa-56736	287	5	table	table	NOUN
cjfa-56736	287	6	5	5	NUM
cjfa-56736	287	7	of	of	ADP
cjfa-56736	287	8	our	our	PRON
cjfa-56736	287	9	regressions	regression	NOUN
cjfa-56736	287	10	are	be	AUX
cjfa-56736	287	11	instructive	instructive	ADJ
cjfa-56736	287	12	for	for	ADP
cjfa-56736	287	13	understanding	understand	VERB
cjfa-56736	287	14	the	the	DET
cjfa-56736	287	15	relationships	relationship	NOUN
cjfa-56736	287	16	between	between	ADP
cjfa-56736	287	17	several	several	ADJ
cjfa-56736	287	18	key	key	ADJ
cjfa-56736	287	19	variables	variable	NOUN
cjfa-56736	287	20	.	.	PUNCT
cjfa-56736	288	1	in	in	ADP
cjfa-56736	288	2	model	model	NOUN
cjfa-56736	288	3	(	(	PUNCT
cjfa-56736	288	4	1	1	NUM
cjfa-56736	288	5	)	)	PUNCT
cjfa-56736	288	6	,	,	PUNCT
cjfa-56736	288	7	we	we	PRON
cjfa-56736	288	8	observed	observe	VERB
cjfa-56736	288	9	that	that	SCONJ
cjfa-56736	288	10	“	"	PUNCT
cjfa-56736	288	11	team	team	NOUN
cjfa-56736	288	12	size	size	NOUN
cjfa-56736	288	13	”	"	PUNCT
cjfa-56736	288	14	and	and	CCONJ
cjfa-56736	288	15	“	"	PUNCT
cjfa-56736	288	16	ceo	ceo	NOUN
cjfa-56736	288	17	legacy	legacy	NOUN
cjfa-56736	288	18	”	"	PUNCT
cjfa-56736	288	19	are	be	AUX
cjfa-56736	288	20	both	both	ADV
cjfa-56736	288	21	negative	negative	ADJ
cjfa-56736	288	22	but	but	CCONJ
cjfa-56736	288	23	significant	significant	ADJ
cjfa-56736	288	24	at	at	ADP
cjfa-56736	288	25	the	the	DET
cjfa-56736	288	26	1	1	NUM
cjfa-56736	288	27	%	%	NOUN
cjfa-56736	288	28	level	level	NOUN
cjfa-56736	288	29	for	for	ADP
cjfa-56736	288	30	“	"	PUNCT
cjfa-56736	288	31	time	time	NOUN
cjfa-56736	288	32	to	to	ADP
cjfa-56736	288	33	market	market	NOUN
cjfa-56736	288	34	”	"	PUNCT
cjfa-56736	288	35	.	.	PUNCT
cjfa-56736	289	1	this	this	PRON
cjfa-56736	289	2	suggests	suggest	VERB
cjfa-56736	289	3	that	that	SCONJ
cjfa-56736	289	4	larger	large	ADJ
cjfa-56736	289	5	teams	team	NOUN
cjfa-56736	289	6	and	and	CCONJ
cjfa-56736	289	7	ceos	ceo	NOUN
cjfa-56736	289	8	with	with	ADP
cjfa-56736	289	9	prior	prior	ADJ
cjfa-56736	289	10	experience	experience	NOUN
cjfa-56736	289	11	tend	tend	VERB
cjfa-56736	289	12	to	to	PART
cjfa-56736	289	13	reduce	reduce	VERB
cjfa-56736	289	14	the	the	DET
cjfa-56736	289	15	time	time	NOUN
cjfa-56736	289	16	it	it	PRON
cjfa-56736	289	17	takes	take	VERB
cjfa-56736	289	18	to	to	PART
cjfa-56736	289	19	bring	bring	VERB
cjfa-56736	289	20	a	a	DET
cjfa-56736	289	21	product	product	NOUN
cjfa-56736	289	22	to	to	ADP
cjfa-56736	289	23	market	market	NOUN
cjfa-56736	289	24	.	.	PUNCT
cjfa-56736	290	1	in	in	ADP
cjfa-56736	290	2	other	other	ADJ
cjfa-56736	290	3	words	word	NOUN
cjfa-56736	290	4	,	,	PUNCT
cjfa-56736	290	5	a	a	DET
cjfa-56736	290	6	larger	large	ADJ
cjfa-56736	290	7	team	team	NOUN
cjfa-56736	290	8	and	and	CCONJ
cjfa-56736	290	9	experienced	experienced	ADJ
cjfa-56736	290	10	leadership	leadership	NOUN
cjfa-56736	290	11	can	can	AUX
cjfa-56736	290	12	speed	speed	VERB
cjfa-56736	290	13	up	up	ADP
cjfa-56736	290	14	the	the	DET
cjfa-56736	290	15	development	development	NOUN
cjfa-56736	290	16	and	and	CCONJ
cjfa-56736	290	17	marketing	marketing	NOUN
cjfa-56736	290	18	process	process	NOUN
cjfa-56736	290	19	.	.	PUNCT
cjfa-56736	291	1	on	on	ADP
cjfa-56736	291	2	the	the	DET
cjfa-56736	291	3	other	other	ADJ
cjfa-56736	291	4	hand	hand	NOUN
cjfa-56736	291	5	,	,	PUNCT
cjfa-56736	291	6	the	the	DET
cjfa-56736	291	7	“	"	PUNCT
cjfa-56736	291	8	kyc	kyc	PROPN
cjfa-56736	291	9	”	"	PUNCT
cjfa-56736	291	10	(	(	PUNCT
cjfa-56736	291	11	know	know	VERB
cjfa-56736	291	12	your	your	PRON
cjfa-56736	291	13	customer	customer	NOUN
cjfa-56736	291	14	)	)	PUNCT
cjfa-56736	291	15	variable	variable	NOUN
cjfa-56736	291	16	,	,	PUNCT
cjfa-56736	291	17	which	which	PRON
cjfa-56736	291	18	represents	represent	VERB
cjfa-56736	291	19	stricter	strict	ADJ
cjfa-56736	291	20	customer	customer	NOUN
cjfa-56736	291	21	identity	identity	NOUN
cjfa-56736	291	22	verification	verification	NOUN
cjfa-56736	291	23	procedures	procedure	NOUN
cjfa-56736	291	24	,	,	PUNCT
cjfa-56736	291	25	is	be	AUX
cjfa-56736	291	26	positive	positive	ADJ
cjfa-56736	291	27	and	and	CCONJ
cjfa-56736	291	28	significant	significant	ADJ
cjfa-56736	291	29	at	at	ADP
cjfa-56736	291	30	the	the	DET
cjfa-56736	291	31	same	same	ADJ
cjfa-56736	291	32	level	level	NOUN
cjfa-56736	291	33	as	as	ADP
cjfa-56736	291	34	“	"	PUNCT
cjfa-56736	291	35	time	time	NOUN
cjfa-56736	291	36	to	to	ADP
cjfa-56736	291	37	market	market	NOUN
cjfa-56736	291	38	”	"	PUNCT
cjfa-56736	291	39	.	.	PUNCT
cjfa-56736	292	1	this	this	PRON
cjfa-56736	292	2	indicates	indicate	VERB
cjfa-56736	292	3	that	that	SCONJ
cjfa-56736	292	4	stricter	strict	ADJ
cjfa-56736	292	5	kyc	kyc	PROPN
cjfa-56736	292	6	procedures	procedure	NOUN
cjfa-56736	292	7	can	can	AUX
cjfa-56736	292	8	lead	lead	VERB
cjfa-56736	292	9	to	to	ADP
cjfa-56736	292	10	a	a	DET
cjfa-56736	292	11	longer	long	ADJ
cjfa-56736	292	12	time	time	NOUN
cjfa-56736	292	13	-	-	PUNCT
cjfa-56736	292	14	to	to	ADP
cjfa-56736	292	15	-	-	PUNCT
cjfa-56736	292	16	market	market	NOUN
cjfa-56736	292	17	.	.	PUNCT
cjfa-56736	293	1	this	this	DET
cjfa-56736	293	2	relationship	relationship	NOUN
cjfa-56736	293	3	can	can	AUX
cjfa-56736	293	4	be	be	AUX
cjfa-56736	293	5	explained	explain	VERB
cjfa-56736	293	6	by	by	ADP
cjfa-56736	293	7	the	the	DET
cjfa-56736	293	8	fact	fact	NOUN
cjfa-56736	293	9	that	that	SCONJ
cjfa-56736	293	10	more	more	ADV
cjfa-56736	293	11	stringent	stringent	ADJ
cjfa-56736	293	12	kyc	kyc	NOUN
cjfa-56736	293	13	procedures	procedure	NOUN
cjfa-56736	293	14	can	can	AUX
cjfa-56736	293	15	slow	slow	VERB
cjfa-56736	293	16	down	down	ADP
cjfa-56736	293	17	the	the	DET
cjfa-56736	293	18	customer	customer	NOUN
cjfa-56736	293	19	verification	verification	NOUN
cjfa-56736	293	20	process	process	NOUN
cjfa-56736	293	21	,	,	PUNCT
cjfa-56736	293	22	which	which	PRON
cjfa-56736	293	23	can	can	AUX
cjfa-56736	293	24	have	have	VERB
cjfa-56736	293	25	an	an	DET
cjfa-56736	293	26	impact	impact	NOUN
cjfa-56736	293	27	on	on	ADP
cjfa-56736	293	28	time	time	NOUN
cjfa-56736	293	29	to	to	ADP
cjfa-56736	293	30	market	market	NOUN
cjfa-56736	293	31	.	.	PUNCT
cjfa-56736	294	1	dorsaf	dorsaf	PROPN
cjfa-56736	294	2	ben	ben	PROPN
cjfa-56736	294	3	aissia	aissia	PROPN
cjfa-56736	294	4	,	,	PUNCT
cjfa-56736	294	5	alaa	alaa	PROPN
cjfa-56736	294	6	eddine	eddine	PROPN
cjfa-56736	294	7	chakroun2222	chakroun2222	PROPN
cjfa-56736	294	8	in	in	ADP
cjfa-56736	294	9	model	model	NOUN
cjfa-56736	294	10	(	(	PUNCT
cjfa-56736	294	11	2	2	NUM
cjfa-56736	294	12	)	)	PUNCT
cjfa-56736	294	13	,	,	PUNCT
cjfa-56736	294	14	we	we	PRON
cjfa-56736	294	15	found	find	VERB
cjfa-56736	294	16	that	that	SCONJ
cjfa-56736	294	17	“	"	PUNCT
cjfa-56736	294	18	team	team	NOUN
cjfa-56736	294	19	size	size	NOUN
cjfa-56736	294	20	”	"	PUNCT
cjfa-56736	294	21	,	,	PUNCT
cjfa-56736	294	22	“	"	PUNCT
cjfa-56736	294	23	ceo	ceo	NOUN
cjfa-56736	294	24	legacy	legacy	NOUN
cjfa-56736	294	25	”	"	PUNCT
cjfa-56736	294	26	and	and	CCONJ
cjfa-56736	294	27	“	"	PUNCT
cjfa-56736	294	28	kyc	kyc	PROPN
cjfa-56736	294	29	”	"	PUNCT
cjfa-56736	294	30	are	be	AUX
cjfa-56736	294	31	all	all	ADV
cjfa-56736	294	32	positive	positive	ADJ
cjfa-56736	294	33	with	with	ADP
cjfa-56736	294	34	a	a	DET
cjfa-56736	294	35	significant	significant	ADJ
cjfa-56736	294	36	effect	effect	NOUN
cjfa-56736	294	37	at	at	ADP
cjfa-56736	294	38	the	the	DET
cjfa-56736	294	39	1	1	NUM
cjfa-56736	294	40	%	%	NOUN
cjfa-56736	294	41	level	level	NOUN
cjfa-56736	294	42	on	on	ADP
cjfa-56736	294	43	the	the	DET
cjfa-56736	294	44	“	"	PUNCT
cjfa-56736	294	45	delisting	delisting	ADJ
cjfa-56736	294	46	”	"	PUNCT
cjfa-56736	294	47	variable	variable	NOUN
cjfa-56736	294	48	.	.	PUNCT
cjfa-56736	295	1	this	this	PRON
cjfa-56736	295	2	suggests	suggest	VERB
cjfa-56736	295	3	that	that	SCONJ
cjfa-56736	295	4	,	,	PUNCT
cjfa-56736	295	5	in	in	ADP
cjfa-56736	295	6	this	this	DET
cjfa-56736	295	7	model	model	NOUN
cjfa-56736	295	8	,	,	PUNCT
cjfa-56736	295	9	a	a	DET
cjfa-56736	295	10	larger	large	ADJ
cjfa-56736	295	11	team	team	NOUN
cjfa-56736	295	12	,	,	PUNCT
cjfa-56736	295	13	a	a	DET
cjfa-56736	295	14	ceo	ceo	NOUN
cjfa-56736	295	15	with	with	ADP
cjfa-56736	295	16	previous	previous	ADJ
cjfa-56736	295	17	experience	experience	NOUN
cjfa-56736	295	18	,	,	PUNCT
cjfa-56736	295	19	and	and	CCONJ
cjfa-56736	295	20	stricter	strict	ADJ
cjfa-56736	295	21	kyc	kyc	PROPN
cjfa-56736	295	22	procedures	procedure	NOUN
cjfa-56736	295	23	are	be	AUX
cjfa-56736	295	24	associated	associate	VERB
cjfa-56736	295	25	with	with	ADP
cjfa-56736	295	26	an	an	DET
cjfa-56736	295	27	increased	increase	VERB
cjfa-56736	295	28	risk	risk	NOUN
cjfa-56736	295	29	of	of	ADP
cjfa-56736	295	30	delisting	delist	VERB
cjfa-56736	295	31	.	.	PUNCT
cjfa-56736	296	1	it	it	PRON
cjfa-56736	296	2	is	be	AUX
cjfa-56736	296	3	important	important	ADJ
cjfa-56736	296	4	to	to	PART
cjfa-56736	296	5	note	note	VERB
cjfa-56736	296	6	that	that	SCONJ
cjfa-56736	296	7	the	the	DET
cjfa-56736	296	8	control	control	NOUN
cjfa-56736	296	9	variables	variable	VERB
cjfa-56736	296	10	in	in	ADP
cjfa-56736	296	11	both	both	DET
cjfa-56736	296	12	models	model	NOUN
cjfa-56736	296	13	showed	show	VERB
cjfa-56736	296	14	positive	positive	ADJ
cjfa-56736	296	15	and	and	CCONJ
cjfa-56736	296	16	significant	significant	ADJ
cjfa-56736	296	17	effects	effect	NOUN
cjfa-56736	296	18	at	at	ADP
cjfa-56736	296	19	the	the	DET
cjfa-56736	296	20	1	1	NUM
cjfa-56736	296	21	%	%	NOUN
cjfa-56736	296	22	level	level	NOUN
cjfa-56736	296	23	.	.	PUNCT
cjfa-56736	297	1	this	this	PRON
cjfa-56736	297	2	indicates	indicate	VERB
cjfa-56736	297	3	that	that	SCONJ
cjfa-56736	297	4	these	these	DET
cjfa-56736	297	5	variables	variable	NOUN
cjfa-56736	297	6	play	play	VERB
cjfa-56736	297	7	an	an	DET
cjfa-56736	297	8	essential	essential	ADJ
cjfa-56736	297	9	role	role	NOUN
cjfa-56736	297	10	in	in	ADP
cjfa-56736	297	11	the	the	DET
cjfa-56736	297	12	observed	observe	VERB
cjfa-56736	297	13	relationships	relationship	NOUN
cjfa-56736	297	14	.	.	PUNCT
cjfa-56736	298	1	in	in	ADP
cjfa-56736	298	2	summary	summary	NOUN
cjfa-56736	298	3	,	,	PUNCT
cjfa-56736	298	4	our	our	PRON
cjfa-56736	298	5	results	result	NOUN
cjfa-56736	298	6	highlight	highlight	VERB
cjfa-56736	298	7	complex	complex	ADJ
cjfa-56736	298	8	relationships	relationship	NOUN
cjfa-56736	298	9	between	between	ADP
cjfa-56736	298	10	“	"	PUNCT
cjfa-56736	298	11	time	time	NOUN
cjfa-56736	298	12	to	to	ADP
cjfa-56736	298	13	market	market	NOUN
cjfa-56736	298	14	”	"	PUNCT
cjfa-56736	298	15	and	and	CCONJ
cjfa-56736	298	16	project	project	NOUN
cjfa-56736	298	17	delisting	delist	VERB
cjfa-56736	298	18	with	with	ADP
cjfa-56736	298	19	factors	factor	NOUN
cjfa-56736	298	20	such	such	ADJ
cjfa-56736	298	21	as	as	ADP
cjfa-56736	298	22	the	the	DET
cjfa-56736	298	23	size	size	NOUN
cjfa-56736	298	24	of	of	ADP
cjfa-56736	298	25	the	the	DET
cjfa-56736	298	26	team	team	NOUN
cjfa-56736	298	27	,	,	PUNCT
cjfa-56736	298	28	ceo	ceo	NOUN
cjfa-56736	298	29	experience	experience	NOUN
cjfa-56736	298	30	,	,	PUNCT
cjfa-56736	298	31	and	and	CCONJ
cjfa-56736	298	32	kyc	kyc	PROPN
cjfa-56736	298	33	procedures	procedure	NOUN
cjfa-56736	298	34	,	,	PUNCT
cjfa-56736	298	35	while	while	SCONJ
cjfa-56736	298	36	emphasizing	emphasize	VERB
cjfa-56736	298	37	the	the	DET
cjfa-56736	298	38	importance	importance	NOUN
cjfa-56736	298	39	of	of	ADP
cjfa-56736	298	40	control	control	NOUN
cjfa-56736	298	41	variables	variable	NOUN
cjfa-56736	298	42	in	in	ADP
cjfa-56736	298	43	these	these	DET
cjfa-56736	298	44	interactions	interaction	NOUN
cjfa-56736	298	45	.	.	PUNCT
cjfa-56736	299	1	ico	ico	PROPN
cjfa-56736	299	2	gross	gross	ADJ
cjfa-56736	299	3	proceeds	proceed	NOUN
cjfa-56736	299	4	and	and	CCONJ
cjfa-56736	299	5	nominal	nominal	ADJ
cjfa-56736	299	6	returnico	returnico	ADJ
cjfa-56736	299	7	gross	gross	ADJ
cjfa-56736	299	8	proceeds	proceed	NOUN
cjfa-56736	299	9	and	and	CCONJ
cjfa-56736	299	10	nominal	nominal	ADJ
cjfa-56736	299	11	return	return	NOUN
cjfa-56736	299	12	table	table	NOUN
cjfa-56736	299	13	6	6	NUM
cjfa-56736	299	14	.	.	X
cjfa-56736	300	1	ico	ico	PROPN
cjfa-56736	300	2	gross	gross	ADJ
cjfa-56736	300	3	proceeds	proceed	NOUN
cjfa-56736	300	4	and	and	CCONJ
cjfa-56736	300	5	nominal	nominal	ADJ
cjfa-56736	300	6	return	return	NOUN
cjfa-56736	300	7	nominal	nominal	ADJ
cjfa-56736	300	8	lico	lico	PROPN
cjfa-56736	300	9	gross	gross	PROPN
cjfa-56736	300	10	proceed	procee	VERB
cjfa-56736	300	11	kyc	kyc	PROPN
cjfa-56736	300	12	2.522	2.522	NUM
cjfa-56736	300	13	*	*	PUNCT
cjfa-56736	300	14	*	*	PUNCT
cjfa-56736	300	15	*	*	PUNCT
cjfa-56736	300	16	(	(	PUNCT
cjfa-56736	300	17	129.52	129.52	NUM
cjfa-56736	300	18	)	)	PUNCT
cjfa-56736	300	19	ico	ico	PROPN
cjfa-56736	300	20	gross	gross	ADJ
cjfa-56736	300	21	proceed	proceed	VERB
cjfa-56736	300	22	0	0	NUM
cjfa-56736	300	23	*	*	PUNCT
cjfa-56736	300	24	(	(	PUNCT
cjfa-56736	300	25	1.562	1.562	NUM
cjfa-56736	300	26	)	)	PUNCT
cjfa-56736	300	27	erc20	erc20	ADP
cjfa-56736	300	28	2.170	2.170	NUM
cjfa-56736	300	29	*	*	PUNCT
cjfa-56736	300	30	*	*	PUNCT
cjfa-56736	300	31	*	*	PUNCT
cjfa-56736	300	32	(	(	PUNCT
cjfa-56736	300	33	9.785	9.785	NUM
cjfa-56736	300	34	)	)	PUNCT
cjfa-56736	300	35	major	major	ADJ
cjfa-56736	300	36	cryptocurrency	cryptocurrency	NOUN
cjfa-56736	300	37	-1.569	-1.569	NOUN
cjfa-56736	300	38	*	*	PUNCT
cjfa-56736	300	39	*	*	PUNCT
cjfa-56736	300	40	*	*	PUNCT
cjfa-56736	300	41	(	(	PUNCT
cjfa-56736	300	42	-10.754	-10.754	PROPN
cjfa-56736	300	43	)	)	PUNCT
cjfa-56736	300	44	ico	ico	PROPN
cjfa-56736	300	45	duration	duration	NOUN
cjfa-56736	300	46	.004	.004	NUM
cjfa-56736	300	47	*	*	PUNCT
cjfa-56736	300	48	*	*	PUNCT
cjfa-56736	300	49	*	*	PUNCT
cjfa-56736	300	50	(	(	PUNCT
cjfa-56736	300	51	6.215	6.215	NUM
cjfa-56736	300	52	)	)	PUNCT
cjfa-56736	300	53	usa	usa	NOUN
cjfa-56736	300	54	restriction	restriction	NOUN
cjfa-56736	300	55	2.447	2.447	NUM
cjfa-56736	300	56	*	*	PUNCT
cjfa-56736	300	57	*	*	PUNCT
cjfa-56736	300	58	*	*	PUNCT
cjfa-56736	300	59	(	(	PUNCT
cjfa-56736	300	60	10.546	10.546	NUM
cjfa-56736	300	61	)	)	PUNCT
cjfa-56736	301	1	_	_	NOUN
cjfa-56736	301	2	cons	con	NOUN
cjfa-56736	301	3	-.022	-.022	NOUN
cjfa-56736	301	4	(	(	PUNCT
cjfa-56736	301	5	-.75	-.75	NUM
cjfa-56736	301	6	)	)	PUNCT
cjfa-56736	301	7	8.855	8.855	NUM
cjfa-56736	301	8	*	*	PUNCT
cjfa-56736	301	9	*	*	PUNCT
cjfa-56736	301	10	*	*	PUNCT
cjfa-56736	301	11	(	(	PUNCT
cjfa-56736	301	12	15.856	15.856	NUM
cjfa-56736	301	13	)	)	PUNCT
cjfa-56736	301	14	r	r	NOUN
cjfa-56736	301	15	-	-	PUNCT
cjfa-56736	301	16	squared	square	VERB
cjfa-56736	301	17	.038	.038	NUM
cjfa-56736	301	18	.450	.450	NUM
cjfa-56736	301	19	t	t	PROPN
cjfa-56736	301	20	v	v	ADP
cjfa-56736	301	21	a	a	DET
cjfa-56736	301	22	l	l	NOUN
cjfa-56736	301	23	u	u	NOUN
cjfa-56736	301	24	e	e	X
cjfa-56736	301	25	s	s	NOUN
cjfa-56736	301	26	are	be	AUX
cjfa-56736	301	27	in	in	ADP
cjfa-56736	301	28	parentheses	parenthesis	NOUN
cjfa-56736	301	29	*	*	PUNCT
cjfa-56736	301	30	*	*	PUNCT
cjfa-56736	301	31	*	*	PUNCT
cjfa-56736	301	32	p<.01	p<.01	VERB
cjfa-56736	301	33	,	,	PUNCT
cjfa-56736	301	34	*	*	PUNCT
cjfa-56736	301	35	*	*	NOUN
cjfa-56736	301	36	p<.05	p<.05	NOUN
cjfa-56736	301	37	,	,	PUNCT
cjfa-56736	301	38	*	*	PUNCT
cjfa-56736	301	39	p<.1	p<.1	PROPN
cjfa-56736	301	40	s	s	PART
cjfa-56736	301	41	o	o	NOUN
cjfa-56736	301	42	u	u	NOUN
cjfa-56736	301	43	r	r	NOUN
cjfa-56736	301	44	c	c	NOUN
cjfa-56736	301	45	e	e	NOUN
cjfa-56736	301	46	:	:	PUNCT
cjfa-56736	301	47	authors	author	NOUN
cjfa-56736	301	48	’	’	PART
cjfa-56736	301	49	calculation	calculation	NOUN
cjfa-56736	301	50	from	from	ADP
cjfa-56736	301	51	sample	sample	NOUN
cjfa-56736	301	52	data	datum	NOUN
cjfa-56736	301	53	.	.	PUNCT
cjfa-56736	302	1	study	study	NOUN
cjfa-56736	302	2	of	of	ADP
cjfa-56736	302	3	the	the	DET
cjfa-56736	302	4	performance	performance	NOUN
cjfa-56736	302	5	and	and	CCONJ
cjfa-56736	302	6	determinants	determinant	NOUN
cjfa-56736	302	7	…	…	PUNCT
cjfa-56736	302	8	2323	2323	NUM
cjfa-56736	302	9	table	table	NOUN
cjfa-56736	302	10	6	6	NUM
cjfa-56736	302	11	displays	display	NOUN
cjfa-56736	302	12	results	result	NOUN
cjfa-56736	302	13	for	for	ADP
cjfa-56736	302	14	the	the	DET
cjfa-56736	302	15	whole	whole	ADJ
cjfa-56736	302	16	variables	variable	NOUN
cjfa-56736	302	17	used	use	VERB
cjfa-56736	302	18	in	in	ADP
cjfa-56736	302	19	our	our	PRON
cjfa-56736	302	20	work	work	NOUN
cjfa-56736	302	21	.	.	PUNCT
cjfa-56736	303	1	results	result	NOUN
cjfa-56736	303	2	of	of	ADP
cjfa-56736	303	3	our	our	PRON
cjfa-56736	303	4	analysis	analysis	NOUN
cjfa-56736	303	5	reveals	reveal	VERB
cjfa-56736	303	6	important	important	ADJ
cjfa-56736	303	7	information	information	NOUN
cjfa-56736	303	8	about	about	ADP
cjfa-56736	303	9	the	the	DET
cjfa-56736	303	10	factors	factor	NOUN
cjfa-56736	303	11	influencing	influence	VERB
cjfa-56736	303	12	nominal	nominal	ADJ
cjfa-56736	303	13	returns	return	NOUN
cjfa-56736	303	14	for	for	ADP
cjfa-56736	303	15	investors	investor	NOUN
cjfa-56736	303	16	in	in	ADP
cjfa-56736	303	17	icos	icos	PROPN
cjfa-56736	303	18	.	.	PUNCT
cjfa-56736	304	1	we	we	PRON
cjfa-56736	304	2	found	find	VERB
cjfa-56736	304	3	that	that	SCONJ
cjfa-56736	304	4	the	the	DET
cjfa-56736	304	5	“	"	PUNCT
cjfa-56736	304	6	kyc	kyc	PROPN
cjfa-56736	304	7	”	"	PUNCT
cjfa-56736	304	8	(	(	PUNCT
cjfa-56736	304	9	know	know	VERB
cjfa-56736	304	10	your	your	PRON
cjfa-56736	304	11	customer	customer	NOUN
cjfa-56736	304	12	)	)	PUNCT
cjfa-56736	304	13	variable	variable	NOUN
cjfa-56736	304	14	,	,	PUNCT
cjfa-56736	304	15	which	which	PRON
cjfa-56736	304	16	represents	represent	VERB
cjfa-56736	304	17	stricter	strict	ADJ
cjfa-56736	304	18	customer	customer	NOUN
cjfa-56736	304	19	identity	identity	NOUN
cjfa-56736	304	20	verification	verification	NOUN
cjfa-56736	304	21	procedures	procedure	NOUN
cjfa-56736	304	22	,	,	PUNCT
cjfa-56736	304	23	is	be	AUX
cjfa-56736	304	24	positive	positive	ADJ
cjfa-56736	304	25	with	with	ADP
cjfa-56736	304	26	a	a	DET
cjfa-56736	304	27	significant	significant	ADJ
cjfa-56736	304	28	effect	effect	NOUN
cjfa-56736	304	29	at	at	ADP
cjfa-56736	304	30	the	the	DET
cjfa-56736	304	31	1	1	NUM
cjfa-56736	304	32	%	%	NOUN
cjfa-56736	304	33	level	level	NOUN
cjfa-56736	304	34	on	on	ADP
cjfa-56736	304	35	“	"	PUNCT
cjfa-56736	304	36	nominal	nominal	ADJ
cjfa-56736	304	37	return	return	NOUN
cjfa-56736	304	38	”	"	PUNCT
cjfa-56736	304	39	.	.	PUNCT
cjfa-56736	305	1	this	this	PRON
cjfa-56736	305	2	suggests	suggest	VERB
cjfa-56736	305	3	that	that	SCONJ
cjfa-56736	305	4	more	more	ADV
cjfa-56736	305	5	stringent	stringent	ADJ
cjfa-56736	305	6	kyc	kyc	NOUN
cjfa-56736	305	7	procedures	procedure	NOUN
cjfa-56736	305	8	may	may	AUX
cjfa-56736	305	9	be	be	AUX
cjfa-56736	305	10	associated	associate	VERB
cjfa-56736	305	11	with	with	ADP
cjfa-56736	305	12	higher	high	ADJ
cjfa-56736	305	13	nominal	nominal	ADJ
cjfa-56736	305	14	returns	return	NOUN
cjfa-56736	305	15	for	for	ADP
cjfa-56736	305	16	ico	ico	PROPN
cjfa-56736	305	17	investors	investor	NOUN
cjfa-56736	305	18	.	.	PUNCT
cjfa-56736	306	1	in	in	ADP
cjfa-56736	306	2	other	other	ADJ
cjfa-56736	306	3	words	word	NOUN
cjfa-56736	306	4	,	,	PUNCT
cjfa-56736	306	5	when	when	SCONJ
cjfa-56736	306	6	investors	investor	NOUN
cjfa-56736	306	7	are	be	AUX
cjfa-56736	306	8	confident	confident	ADJ
cjfa-56736	306	9	that	that	SCONJ
cjfa-56736	306	10	token	token	ADJ
cjfa-56736	306	11	holders	holder	NOUN
cjfa-56736	306	12	are	be	AUX
cjfa-56736	306	13	authenticated	authenticate	VERB
cjfa-56736	306	14	,	,	PUNCT
cjfa-56736	306	15	this	this	PRON
cjfa-56736	306	16	can	can	AUX
cjfa-56736	306	17	increase	increase	VERB
cjfa-56736	306	18	their	their	PRON
cjfa-56736	306	19	confidence	confidence	NOUN
cjfa-56736	306	20	and	and	CCONJ
cjfa-56736	306	21	will	will	AUX
cjfa-56736	306	22	to	to	PART
cjfa-56736	306	23	invest	invest	VERB
cjfa-56736	306	24	,	,	PUNCT
cjfa-56736	306	25	resulting	result	VERB
cjfa-56736	306	26	in	in	ADP
cjfa-56736	306	27	higher	high	ADJ
cjfa-56736	306	28	nominal	nominal	ADJ
cjfa-56736	306	29	returns	return	NOUN
cjfa-56736	306	30	.	.	PUNCT
cjfa-56736	307	1	on	on	ADP
cjfa-56736	307	2	the	the	DET
cjfa-56736	307	3	other	other	ADJ
cjfa-56736	307	4	hand	hand	NOUN
cjfa-56736	307	5	,	,	PUNCT
cjfa-56736	307	6	it	it	PRON
cjfa-56736	307	7	’s	’	VERB
cjfa-56736	307	8	interesting	interesting	ADJ
cjfa-56736	307	9	to	to	PART
cjfa-56736	307	10	note	note	VERB
cjfa-56736	307	11	that	that	SCONJ
cjfa-56736	307	12	the	the	DET
cjfa-56736	307	13	gross	gross	PROPN
cjfa-56736	307	14	proceed	proceed	VERB
cjfa-56736	307	15	ico	ico	PROPN
cjfa-56736	307	16	,	,	PUNCT
cjfa-56736	307	17	even	even	ADV
cjfa-56736	307	18	though	though	SCONJ
cjfa-56736	307	19	its	its	PRON
cjfa-56736	307	20	value	value	NOUN
cjfa-56736	307	21	is	be	AUX
cjfa-56736	307	22	zero	zero	NUM
cjfa-56736	307	23	,	,	PUNCT
cjfa-56736	307	24	is	be	AUX
cjfa-56736	307	25	significant	significant	ADJ
cjfa-56736	307	26	at	at	ADP
cjfa-56736	307	27	the	the	DET
cjfa-56736	307	28	10	10	NUM
cjfa-56736	307	29	%	%	NOUN
cjfa-56736	307	30	level	level	NOUN
cjfa-56736	307	31	in	in	ADP
cjfa-56736	307	32	this	this	DET
cjfa-56736	307	33	model	model	NOUN
cjfa-56736	307	34	.	.	PUNCT
cjfa-56736	308	1	this	this	PRON
cjfa-56736	308	2	indicates	indicate	VERB
cjfa-56736	308	3	that	that	SCONJ
cjfa-56736	308	4	even	even	ADV
cjfa-56736	308	5	if	if	SCONJ
cjfa-56736	308	6	the	the	DET
cjfa-56736	308	7	gross	gross	ADJ
cjfa-56736	308	8	proceeds	proceed	NOUN
cjfa-56736	308	9	of	of	ADP
cjfa-56736	308	10	the	the	DET
cjfa-56736	308	11	ico	ico	PROPN
cjfa-56736	308	12	have	have	VERB
cjfa-56736	308	13	no	no	DET
cjfa-56736	308	14	value	value	NOUN
cjfa-56736	308	15	in	in	ADP
cjfa-56736	308	16	them	they	PRON
cjfa-56736	308	17	,	,	PUNCT
cjfa-56736	308	18	they	they	PRON
cjfa-56736	308	19	can	can	AUX
cjfa-56736	308	20	have	have	VERB
cjfa-56736	308	21	an	an	DET
cjfa-56736	308	22	impact	impact	NOUN
cjfa-56736	308	23	on	on	ADP
cjfa-56736	308	24	nominal	nominal	ADJ
cjfa-56736	308	25	returns	return	NOUN
cjfa-56736	308	26	.	.	PUNCT
cjfa-56736	309	1	however	however	ADV
cjfa-56736	309	2	,	,	PUNCT
cjfa-56736	309	3	the	the	DET
cjfa-56736	309	4	other	other	ADJ
cjfa-56736	309	5	variables	variable	NOUN
cjfa-56736	309	6	in	in	ADP
cjfa-56736	309	7	the	the	DET
cjfa-56736	309	8	model	model	NOUN
cjfa-56736	309	9	,	,	PUNCT
cjfa-56736	309	10	such	such	ADJ
cjfa-56736	309	11	as	as	ADP
cjfa-56736	309	12	“	"	PUNCT
cjfa-56736	309	13	erc20	erc20	PROPN
cjfa-56736	309	14	”	"	PUNCT
cjfa-56736	309	15	,	,	PUNCT
cjfa-56736	309	16	“	"	PUNCT
cjfa-56736	309	17	major	major	ADJ
cjfa-56736	309	18	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	309	19	”	"	PUNCT
cjfa-56736	309	20	,	,	PUNCT
cjfa-56736	309	21	“	"	PUNCT
cjfa-56736	309	22	ico	ico	PROPN
cjfa-56736	309	23	duration	duration	NOUN
cjfa-56736	309	24	”	"	PUNCT
cjfa-56736	309	25	and	and	CCONJ
cjfa-56736	309	26	“	"	PUNCT
cjfa-56736	309	27	usa	usa	NOUN
cjfa-56736	309	28	restriction	restriction	NOUN
cjfa-56736	309	29	”	"	PUNCT
cjfa-56736	309	30	,	,	PUNCT
cjfa-56736	309	31	did	do	AUX
cjfa-56736	309	32	not	not	PART
cjfa-56736	309	33	produce	produce	VERB
cjfa-56736	309	34	significant	significant	ADJ
cjfa-56736	309	35	results	result	NOUN
cjfa-56736	309	36	.	.	PUNCT
cjfa-56736	310	1	this	this	PRON
cjfa-56736	310	2	means	mean	VERB
cjfa-56736	310	3	that	that	SCONJ
cjfa-56736	310	4	they	they	PRON
cjfa-56736	310	5	have	have	VERB
cjfa-56736	310	6	no	no	DET
cjfa-56736	310	7	statistically	statistically	ADV
cjfa-56736	310	8	significant	significant	ADJ
cjfa-56736	310	9	impact	impact	NOUN
cjfa-56736	310	10	on	on	ADP
cjfa-56736	310	11	“	"	PUNCT
cjfa-56736	310	12	nominal	nominal	ADJ
cjfa-56736	310	13	return	return	NOUN
cjfa-56736	310	14	”	"	PUNCT
cjfa-56736	310	15	in	in	ADP
cjfa-56736	310	16	this	this	DET
cjfa-56736	310	17	model	model	NOUN
cjfa-56736	310	18	.	.	PUNCT
cjfa-56736	311	1	as	as	ADP
cjfa-56736	311	2	for	for	ADP
cjfa-56736	311	3	the	the	DET
cjfa-56736	311	4	control	control	NOUN
cjfa-56736	311	5	variables	variable	NOUN
cjfa-56736	311	6	in	in	ADP
cjfa-56736	311	7	model	model	NOUN
cjfa-56736	311	8	(	(	PUNCT
cjfa-56736	311	9	1	1	NUM
cjfa-56736	311	10	)	)	PUNCT
cjfa-56736	311	11	,	,	PUNCT
cjfa-56736	311	12	they	they	PRON
cjfa-56736	311	13	were	be	AUX
cjfa-56736	311	14	negative	negative	ADJ
cjfa-56736	311	15	and	and	CCONJ
cjfa-56736	311	16	had	have	VERB
cjfa-56736	311	17	no	no	DET
cjfa-56736	311	18	significant	significant	ADJ
cjfa-56736	311	19	effect	effect	NOUN
cjfa-56736	311	20	on	on	ADP
cjfa-56736	311	21	“	"	PUNCT
cjfa-56736	311	22	nominal	nominal	ADJ
cjfa-56736	311	23	return	return	NOUN
cjfa-56736	311	24	”	"	PUNCT
cjfa-56736	311	25	.	.	PUNCT
cjfa-56736	312	1	model	model	NOUN
cjfa-56736	312	2	(	(	PUNCT
cjfa-56736	312	3	2	2	NUM
cjfa-56736	312	4	)	)	PUNCT
cjfa-56736	312	5	of	of	ADP
cjfa-56736	312	6	our	our	PRON
cjfa-56736	312	7	analysis	analysis	NOUN
cjfa-56736	312	8	focuses	focus	VERB
cjfa-56736	312	9	on	on	ADP
cjfa-56736	312	10	the	the	DET
cjfa-56736	312	11	factors	factor	NOUN
cjfa-56736	312	12	influencing	influence	VERB
cjfa-56736	312	13	the	the	DET
cjfa-56736	312	14	total	total	ADJ
cjfa-56736	312	15	amount	amount	NOUN
cjfa-56736	312	16	raised	raise	VERB
cjfa-56736	312	17	in	in	ADP
cjfa-56736	312	18	an	an	DET
cjfa-56736	312	19	ico	ico	NOUN
cjfa-56736	312	20	,	,	PUNCT
cjfa-56736	312	21	the	the	DET
cjfa-56736	312	22	ico	ico	PROPN
cjfa-56736	312	23	gross	gross	ADJ
cjfa-56736	312	24	proceed	proceed	VERB
cjfa-56736	312	25	.	.	PUNCT
cjfa-56736	313	1	we	we	PRON
cjfa-56736	313	2	observed	observe	VERB
cjfa-56736	313	3	that	that	SCONJ
cjfa-56736	313	4	variables	variable	NOUN
cjfa-56736	313	5	such	such	ADJ
cjfa-56736	313	6	as	as	ADP
cjfa-56736	313	7	“	"	PUNCT
cjfa-56736	313	8	erc20	erc20	PROPN
cjfa-56736	313	9	”	"	PUNCT
cjfa-56736	313	10	,	,	PUNCT
cjfa-56736	313	11	“	"	PUNCT
cjfa-56736	313	12	ico	ico	PROPN
cjfa-56736	313	13	duration	duration	NOUN
cjfa-56736	313	14	”	"	PUNCT
cjfa-56736	313	15	and	and	CCONJ
cjfa-56736	313	16	“	"	PUNCT
cjfa-56736	313	17	usa	usa	NOUN
cjfa-56736	313	18	restriction	restriction	NOUN
cjfa-56736	313	19	”	"	PUNCT
cjfa-56736	313	20	are	be	AUX
cjfa-56736	313	21	positive	positive	ADJ
cjfa-56736	313	22	with	with	ADP
cjfa-56736	313	23	a	a	DET
cjfa-56736	313	24	significant	significant	ADJ
cjfa-56736	313	25	effect	effect	NOUN
cjfa-56736	313	26	at	at	ADP
cjfa-56736	313	27	the	the	DET
cjfa-56736	313	28	1	1	NUM
cjfa-56736	313	29	%	%	NOUN
cjfa-56736	313	30	level	level	NOUN
cjfa-56736	313	31	on	on	ADP
cjfa-56736	313	32	ico	ico	PROPN
cjfa-56736	313	33	gross	gross	ADJ
cjfa-56736	313	34	proceed	proceed	VERB
cjfa-56736	313	35	.	.	PUNCT
cjfa-56736	314	1	this	this	PRON
cjfa-56736	314	2	suggests	suggest	VERB
cjfa-56736	314	3	that	that	SCONJ
cjfa-56736	314	4	erc20	erc20	PROPN
cjfa-56736	314	5	compliance	compliance	NOUN
cjfa-56736	314	6	,	,	PUNCT
cjfa-56736	314	7	ico	ico	PROPN
cjfa-56736	314	8	duration	duration	NOUN
cjfa-56736	314	9	,	,	PUNCT
cjfa-56736	314	10	and	and	CCONJ
cjfa-56736	314	11	usa	usa	PROPN
cjfa-56736	314	12	restriction	restriction	NOUN
cjfa-56736	314	13	may	may	AUX
cjfa-56736	314	14	play	play	VERB
cjfa-56736	314	15	an	an	DET
cjfa-56736	314	16	important	important	ADJ
cjfa-56736	314	17	role	role	NOUN
cjfa-56736	314	18	in	in	ADP
cjfa-56736	314	19	determining	determine	VERB
cjfa-56736	314	20	the	the	DET
cjfa-56736	314	21	funds	fund	NOUN
cjfa-56736	314	22	raised	raise	VERB
cjfa-56736	314	23	in	in	ADP
cjfa-56736	314	24	an	an	DET
cjfa-56736	314	25	ico	ico	NOUN
cjfa-56736	314	26	.	.	PUNCT
cjfa-56736	315	1	on	on	ADP
cjfa-56736	315	2	the	the	DET
cjfa-56736	315	3	other	other	ADJ
cjfa-56736	315	4	hand	hand	NOUN
cjfa-56736	315	5	,	,	PUNCT
cjfa-56736	315	6	the	the	DET
cjfa-56736	315	7	“	"	PUNCT
cjfa-56736	315	8	major	major	ADJ
cjfa-56736	315	9	cryptocurrencies	cryptocurrencie	NOUN
cjfa-56736	315	10	“	"	PUNCT
cjfa-56736	315	11	variable	variable	NOUN
cjfa-56736	315	12	is	be	AUX
cjfa-56736	315	13	negative	negative	ADJ
cjfa-56736	315	14	but	but	CCONJ
cjfa-56736	315	15	significant	significant	ADJ
cjfa-56736	315	16	at	at	ADP
cjfa-56736	315	17	the	the	DET
cjfa-56736	315	18	1	1	NUM
cjfa-56736	315	19	%	%	NOUN
cjfa-56736	315	20	level	level	NOUN
cjfa-56736	315	21	,	,	PUNCT
cjfa-56736	315	22	indicating	indicate	VERB
cjfa-56736	315	23	that	that	SCONJ
cjfa-56736	315	24	the	the	DET
cjfa-56736	315	25	presence	presence	NOUN
cjfa-56736	315	26	of	of	ADP
cjfa-56736	315	27	these	these	DET
cjfa-56736	315	28	major	major	ADJ
cjfa-56736	315	29	crypto	crypto	NOUN
cjfa-56736	315	30	-	-	NOUN
cjfa-56736	315	31	currencies	currency	NOUN
cjfa-56736	315	32	may	may	AUX
cjfa-56736	315	33	negatively	negatively	ADV
cjfa-56736	315	34	influence	influence	VERB
cjfa-56736	315	35	the	the	DET
cjfa-56736	315	36	total	total	ADJ
cjfa-56736	315	37	amount	amount	NOUN
cjfa-56736	315	38	raised	raise	VERB
cjfa-56736	315	39	during	during	ADP
cjfa-56736	315	40	an	an	DET
cjfa-56736	315	41	ico	ico	PROPN
cjfa-56736	315	42	.	.	PUNCT
cjfa-56736	316	1	however	however	ADV
cjfa-56736	316	2	,	,	PUNCT
cjfa-56736	316	3	the	the	DET
cjfa-56736	316	4	“	"	PUNCT
cjfa-56736	316	5	kyc	kyc	PROPN
cjfa-56736	316	6	”	"	PUNCT
cjfa-56736	316	7	variable	variable	NOUN
cjfa-56736	316	8	did	do	AUX
cjfa-56736	316	9	not	not	PART
cjfa-56736	316	10	yield	yield	VERB
cjfa-56736	316	11	significant	significant	ADJ
cjfa-56736	316	12	results	result	NOUN
cjfa-56736	316	13	in	in	ADP
cjfa-56736	316	14	this	this	DET
cjfa-56736	316	15	model	model	NOUN
cjfa-56736	316	16	,	,	PUNCT
cjfa-56736	316	17	suggesting	suggest	VERB
cjfa-56736	316	18	that	that	SCONJ
cjfa-56736	316	19	it	it	PRON
cjfa-56736	316	20	has	have	VERB
cjfa-56736	316	21	no	no	DET
cjfa-56736	316	22	statistically	statistically	ADV
cjfa-56736	316	23	significant	significant	ADJ
cjfa-56736	316	24	effect	effect	NOUN
cjfa-56736	316	25	on	on	ADP
cjfa-56736	316	26	ico	ico	PROPN
cjfa-56736	316	27	gross	gross	ADJ
cjfa-56736	316	28	proceeds	proceed	NOUN
cjfa-56736	316	29	.	.	PUNCT
cjfa-56736	317	1	the	the	DET
cjfa-56736	317	2	control	control	NOUN
cjfa-56736	317	3	variables	variable	VERB
cjfa-56736	317	4	in	in	ADP
cjfa-56736	317	5	the	the	DET
cjfa-56736	317	6	model	model	NOUN
cjfa-56736	317	7	(	(	PUNCT
cjfa-56736	317	8	2	2	NUM
cjfa-56736	317	9	)	)	PUNCT
cjfa-56736	317	10	were	be	AUX
cjfa-56736	317	11	positive	positive	ADJ
cjfa-56736	317	12	and	and	CCONJ
cjfa-56736	317	13	had	have	VERB
cjfa-56736	317	14	a	a	DET
cjfa-56736	317	15	statistically	statistically	ADV
cjfa-56736	317	16	significant	significant	ADJ
cjfa-56736	317	17	effect	effect	NOUN
cjfa-56736	317	18	at	at	ADP
cjfa-56736	317	19	the	the	DET
cjfa-56736	317	20	1	1	NUM
cjfa-56736	317	21	%	%	NOUN
cjfa-56736	317	22	level	level	NOUN
cjfa-56736	317	23	.	.	PUNCT
cjfa-56736	318	1	in	in	ADP
cjfa-56736	318	2	conclusion	conclusion	NOUN
cjfa-56736	318	3	,	,	PUNCT
cjfa-56736	318	4	our	our	PRON
cjfa-56736	318	5	results	result	NOUN
cjfa-56736	318	6	suggest	suggest	VERB
cjfa-56736	318	7	that	that	SCONJ
cjfa-56736	318	8	during	during	ADP
cjfa-56736	318	9	icos	icos	PROPN
cjfa-56736	318	10	,	,	PUNCT
cjfa-56736	318	11	kyc	kyc	PROPN
cjfa-56736	318	12	can	can	AUX
cjfa-56736	318	13	positively	positively	ADV
cjfa-56736	318	14	affect	affect	VERB
cjfa-56736	318	15	nominal	nominal	ADJ
cjfa-56736	318	16	returns	return	NOUN
cjfa-56736	318	17	for	for	ADP
cjfa-56736	318	18	investors	investor	NOUN
cjfa-56736	318	19	.	.	PUNCT
cjfa-56736	319	1	in	in	ADP
cjfa-56736	319	2	addition	addition	NOUN
cjfa-56736	319	3	,	,	PUNCT
cjfa-56736	319	4	factors	factor	NOUN
cjfa-56736	319	5	such	such	ADJ
cjfa-56736	319	6	as	as	ADP
cjfa-56736	319	7	ico	ico	PROPN
cjfa-56736	319	8	duration	duration	NOUN
cjfa-56736	319	9	,	,	PUNCT
cjfa-56736	319	10	erc20	erc20	PROPN
cjfa-56736	319	11	compliance	compliance	NOUN
cjfa-56736	319	12	,	,	PUNCT
cjfa-56736	319	13	us	us	PROPN
cjfa-56736	319	14	restrictions	restriction	NOUN
cjfa-56736	319	15	,	,	PUNCT
cjfa-56736	319	16	and	and	CCONJ
cjfa-56736	319	17	the	the	DET
cjfa-56736	319	18	presence	presence	NOUN
cjfa-56736	319	19	of	of	ADP
cjfa-56736	319	20	major	major	ADJ
cjfa-56736	319	21	crypto	crypto	NOUN
cjfa-56736	319	22	-	-	NOUN
cjfa-56736	319	23	currencies	currency	NOUN
cjfa-56736	319	24	are	be	AUX
cjfa-56736	319	25	also	also	ADV
cjfa-56736	319	26	potentially	potentially	ADV
cjfa-56736	319	27	influential	influential	ADJ
cjfa-56736	319	28	on	on	ADP
cjfa-56736	319	29	the	the	DET
cjfa-56736	319	30	amounts	amount	NOUN
cjfa-56736	319	31	raised	raise	VERB
cjfa-56736	319	32	.	.	PUNCT
cjfa-56736	320	1	it	it	PRON
cjfa-56736	320	2	is	be	AUX
cjfa-56736	320	3	also	also	ADV
cjfa-56736	320	4	important	important	ADJ
cjfa-56736	320	5	to	to	PART
cjfa-56736	320	6	note	note	VERB
cjfa-56736	320	7	that	that	SCONJ
cjfa-56736	320	8	control	control	NOUN
cjfa-56736	320	9	variables	variable	NOUN
cjfa-56736	320	10	played	play	VERB
cjfa-56736	320	11	a	a	DET
cjfa-56736	320	12	significant	significant	ADJ
cjfa-56736	320	13	role	role	NOUN
cjfa-56736	320	14	in	in	ADP
cjfa-56736	320	15	these	these	DET
cjfa-56736	320	16	models	model	NOUN
cjfa-56736	320	17	.	.	PUNCT
cjfa-56736	321	1	dorsaf	dorsaf	PROPN
cjfa-56736	321	2	ben	ben	PROPN
cjfa-56736	321	3	aissia	aissia	PROPN
cjfa-56736	321	4	,	,	PUNCT
cjfa-56736	321	5	alaa	alaa	PROPN
cjfa-56736	321	6	eddine	eddine	PROPN
cjfa-56736	321	7	chakroun2424	chakroun2424	VERB
cjfa-56736	321	8	discussiondiscussion	discussiondiscussion	NOUN
cjfa-56736	321	9	according	accord	VERB
cjfa-56736	321	10	to	to	ADP
cjfa-56736	321	11	our	our	PRON
cjfa-56736	321	12	analyses	analysis	NOUN
cjfa-56736	321	13	,	,	PUNCT
cjfa-56736	321	14	the	the	DET
cjfa-56736	321	15	results	result	NOUN
cjfa-56736	321	16	vary	vary	VERB
cjfa-56736	321	17	depending	depend	VERB
cjfa-56736	321	18	on	on	ADP
cjfa-56736	321	19	the	the	DET
cjfa-56736	321	20	models	model	NOUN
cjfa-56736	321	21	we	we	PRON
cjfa-56736	321	22	use	use	VERB
cjfa-56736	321	23	:	:	PUNCT
cjfa-56736	321	24	in	in	ADP
cjfa-56736	321	25	our	our	PRON
cjfa-56736	321	26	models	model	NOUN
cjfa-56736	321	27	(	(	PUNCT
cjfa-56736	321	28	1	1	NUM
cjfa-56736	321	29	)	)	PUNCT
cjfa-56736	321	30	and	and	CCONJ
cjfa-56736	321	31	(	(	PUNCT
cjfa-56736	321	32	3	3	NUM
cjfa-56736	321	33	)	)	PUNCT
cjfa-56736	321	34	,	,	PUNCT
cjfa-56736	321	35	we	we	PRON
cjfa-56736	321	36	observed	observe	VERB
cjfa-56736	321	37	that	that	SCONJ
cjfa-56736	321	38	the	the	DET
cjfa-56736	321	39	total	total	ADJ
cjfa-56736	321	40	amount	amount	NOUN
cjfa-56736	321	41	raised	raise	VERB
cjfa-56736	321	42	at	at	ADP
cjfa-56736	321	43	an	an	DET
cjfa-56736	321	44	ico	ico	NOUN
cjfa-56736	321	45	,	,	PUNCT
cjfa-56736	321	46	represented	represent	VERB
cjfa-56736	321	47	by	by	ADP
cjfa-56736	321	48	the	the	DET
cjfa-56736	321	49	ico	ico	PROPN
cjfa-56736	321	50	gross	gross	ADJ
cjfa-56736	321	51	proceed	proceed	VERB
cjfa-56736	321	52	,	,	PUNCT
cjfa-56736	321	53	had	have	VERB
cjfa-56736	321	54	a	a	DET
cjfa-56736	321	55	positive	positive	ADJ
cjfa-56736	321	56	and	and	CCONJ
cjfa-56736	321	57	significant	significant	ADJ
cjfa-56736	321	58	impact	impact	NOUN
cjfa-56736	321	59	on	on	ADP
cjfa-56736	321	60	day	day	NOUN
cjfa-56736	321	61	-	-	PUNCT
cjfa-56736	321	62	one	one	NUM
cjfa-56736	321	63	returns	return	NOUN
cjfa-56736	321	64	(	(	PUNCT
cjfa-56736	321	65	r	r	NOUN
cjfa-56736	321	66	and	and	CCONJ
cjfa-56736	321	67	vw	vw	NOUN
cjfa-56736	321	68	)	)	PUNCT
cjfa-56736	321	69	.	.	PUNCT
cjfa-56736	322	1	this	this	PRON
cjfa-56736	322	2	suggests	suggest	VERB
cjfa-56736	322	3	that	that	SCONJ
cjfa-56736	322	4	the	the	DET
cjfa-56736	322	5	amount	amount	NOUN
cjfa-56736	322	6	raised	raise	VERB
cjfa-56736	322	7	at	at	ADP
cjfa-56736	322	8	the	the	DET
cjfa-56736	322	9	ico	ico	PROPN
cjfa-56736	322	10	has	have	VERB
cjfa-56736	322	11	a	a	DET
cjfa-56736	322	12	positive	positive	ADJ
cjfa-56736	322	13	effect	effect	NOUN
cjfa-56736	322	14	on	on	ADP
cjfa-56736	322	15	these	these	DET
cjfa-56736	322	16	returns	return	NOUN
cjfa-56736	322	17	,	,	PUNCT
cjfa-56736	322	18	meaning	mean	VERB
cjfa-56736	322	19	that	that	SCONJ
cjfa-56736	322	20	icos	ico	NOUN
cjfa-56736	322	21	that	that	PRON
cjfa-56736	322	22	have	have	AUX
cjfa-56736	322	23	successfully	successfully	ADV
cjfa-56736	322	24	raised	raise	VERB
cjfa-56736	322	25	significant	significant	ADJ
cjfa-56736	322	26	funds	fund	NOUN
cjfa-56736	322	27	tend	tend	VERB
cjfa-56736	322	28	to	to	PART
cjfa-56736	322	29	generate	generate	VERB
cjfa-56736	322	30	higher	high	ADJ
cjfa-56736	322	31	returns	return	NOUN
cjfa-56736	322	32	.	.	PUNCT
cjfa-56736	323	1	however	however	ADV
cjfa-56736	323	2	,	,	PUNCT
cjfa-56736	323	3	the	the	DET
cjfa-56736	323	4	“	"	PUNCT
cjfa-56736	323	5	ceo	ceo	NOUN
cjfa-56736	323	6	legacy	legacy	NOUN
cjfa-56736	323	7	”	"	PUNCT
cjfa-56736	323	8	variables	variable	NOUN
cjfa-56736	323	9	and	and	CCONJ
cjfa-56736	323	10	“	"	PUNCT
cjfa-56736	323	11	erc20	erc20	PROPN
cjfa-56736	323	12	”	"	PUNCT
cjfa-56736	323	13	did	do	AUX
cjfa-56736	323	14	not	not	PART
cjfa-56736	323	15	show	show	VERB
cjfa-56736	323	16	any	any	DET
cjfa-56736	323	17	significant	significant	ADJ
cjfa-56736	323	18	impact	impact	NOUN
cjfa-56736	323	19	on	on	ADP
cjfa-56736	323	20	these	these	DET
cjfa-56736	323	21	returns	return	NOUN
cjfa-56736	323	22	.	.	PUNCT
cjfa-56736	324	1	we	we	PRON
cjfa-56736	324	2	,	,	PUNCT
cjfa-56736	324	3	therefore	therefore	ADV
cjfa-56736	324	4	,	,	PUNCT
cjfa-56736	324	5	reject	reject	VERB
cjfa-56736	324	6	the	the	DET
cjfa-56736	324	7	hypothesis	hypothesis	NOUN
cjfa-56736	324	8	that	that	PRON
cjfa-56736	324	9	ceo	ceo	VERB
cjfa-56736	324	10	legacy	legacy	NOUN
cjfa-56736	324	11	and	and	CCONJ
cjfa-56736	324	12	erc20	erc20	PROPN
cjfa-56736	324	13	significantly	significantly	ADV
cjfa-56736	324	14	influence	influence	VERB
cjfa-56736	324	15	ico	ico	PROPN
cjfa-56736	324	16	performance	performance	NOUN
cjfa-56736	324	17	.	.	PUNCT
cjfa-56736	325	1	in	in	ADP
cjfa-56736	325	2	model	model	NOUN
cjfa-56736	325	3	(	(	PUNCT
cjfa-56736	325	4	2	2	NUM
cjfa-56736	325	5	)	)	PUNCT
cjfa-56736	325	6	,	,	PUNCT
cjfa-56736	325	7	no	no	DET
cjfa-56736	325	8	variable	variable	NOUN
cjfa-56736	325	9	had	have	VERB
cjfa-56736	325	10	a	a	DET
cjfa-56736	325	11	significant	significant	ADJ
cjfa-56736	325	12	impact	impact	NOUN
cjfa-56736	325	13	on	on	ADP
cjfa-56736	325	14	first	first	ADJ
cjfa-56736	325	15	-	-	PUNCT
cjfa-56736	325	16	day	day	NOUN
cjfa-56736	325	17	returns	return	NOUN
cjfa-56736	325	18	(	(	PUNCT
cjfa-56736	325	19	ew	ew	NOUN
cjfa-56736	325	20	)	)	PUNCT
cjfa-56736	325	21	.	.	PUNCT
cjfa-56736	326	1	therefore	therefore	ADV
cjfa-56736	326	2	,	,	PUNCT
cjfa-56736	326	3	in	in	ADP
cjfa-56736	326	4	this	this	DET
cjfa-56736	326	5	particular	particular	ADJ
cjfa-56736	326	6	model	model	NOUN
cjfa-56736	326	7	,	,	PUNCT
cjfa-56736	326	8	we	we	PRON
cjfa-56736	326	9	reject	reject	VERB
cjfa-56736	326	10	the	the	DET
cjfa-56736	326	11	hypothesis	hypothesis	NOUN
cjfa-56736	326	12	that	that	PRON
cjfa-56736	326	13	these	these	DET
cjfa-56736	326	14	variables	variable	NOUN
cjfa-56736	326	15	influence	influence	VERB
cjfa-56736	326	16	ico	ico	PROPN
cjfa-56736	326	17	performance	performance	NOUN
cjfa-56736	326	18	.	.	PUNCT
cjfa-56736	327	1	in	in	ADP
cjfa-56736	327	2	summary	summary	NOUN
cjfa-56736	327	3	,	,	PUNCT
cjfa-56736	327	4	our	our	PRON
cjfa-56736	327	5	analyses	analysis	NOUN
cjfa-56736	327	6	suggest	suggest	VERB
cjfa-56736	327	7	partial	partial	ADJ
cjfa-56736	327	8	acceptance	acceptance	NOUN
cjfa-56736	327	9	of	of	ADP
cjfa-56736	327	10	the	the	DET
cjfa-56736	327	11	hypothesis	hypothesis	NOUN
cjfa-56736	327	12	that	that	PRON
cjfa-56736	327	13	ico	ico	PROPN
cjfa-56736	327	14	gross	gross	ADJ
cjfa-56736	327	15	proceed	proceed	VERB
cjfa-56736	327	16	positively	positively	ADV
cjfa-56736	327	17	influences	influence	VERB
cjfa-56736	327	18	ico	ico	PROPN
cjfa-56736	327	19	performance	performance	NOUN
cjfa-56736	327	20	,	,	PUNCT
cjfa-56736	327	21	but	but	CCONJ
cjfa-56736	327	22	reject	reject	VERB
cjfa-56736	327	23	the	the	DET
cjfa-56736	327	24	significant	significant	ADJ
cjfa-56736	327	25	effect	effect	NOUN
cjfa-56736	327	26	of	of	ADP
cjfa-56736	327	27	ceo	ceo	NOUN
cjfa-56736	327	28	legacy	legacy	NOUN
cjfa-56736	327	29	and	and	CCONJ
cjfa-56736	327	30	erc20	erc20	PROPN
cjfa-56736	327	31	on	on	ADP
cjfa-56736	327	32	ico	ico	PROPN
cjfa-56736	327	33	performance	performance	NOUN
cjfa-56736	327	34	.	.	PUNCT
cjfa-56736	328	1	it	it	PRON
cjfa-56736	328	2	is	be	AUX
cjfa-56736	328	3	important	important	ADJ
cjfa-56736	328	4	to	to	PART
cjfa-56736	328	5	note	note	VERB
cjfa-56736	328	6	that	that	SCONJ
cjfa-56736	328	7	the	the	DET
cjfa-56736	328	8	results	result	NOUN
cjfa-56736	328	9	vary	vary	VERB
cjfa-56736	328	10	according	accord	VERB
cjfa-56736	328	11	to	to	ADP
cjfa-56736	328	12	the	the	DET
cjfa-56736	328	13	statistical	statistical	ADJ
cjfa-56736	328	14	model	model	NOUN
cjfa-56736	328	15	used	use	VERB
cjfa-56736	328	16	,	,	PUNCT
cjfa-56736	328	17	highlighting	highlight	VERB
cjfa-56736	328	18	the	the	DET
cjfa-56736	328	19	complexity	complexity	NOUN
cjfa-56736	328	20	of	of	ADP
cjfa-56736	328	21	the	the	DET
cjfa-56736	328	22	relationship	relationship	NOUN
cjfa-56736	328	23	between	between	ADP
cjfa-56736	328	24	these	these	DET
cjfa-56736	328	25	variables	variable	NOUN
cjfa-56736	328	26	and	and	CCONJ
cjfa-56736	328	27	ico	ico	PROPN
cjfa-56736	328	28	performance	performance	NOUN
cjfa-56736	328	29	.	.	PUNCT
cjfa-56736	329	1	in	in	ADP
cjfa-56736	329	2	model	model	NOUN
cjfa-56736	329	3	(	(	PUNCT
cjfa-56736	329	4	1	1	NUM
cjfa-56736	329	5	)	)	PUNCT
cjfa-56736	329	6	,	,	PUNCT
cjfa-56736	329	7	we	we	PRON
cjfa-56736	329	8	found	find	VERB
cjfa-56736	329	9	that	that	SCONJ
cjfa-56736	329	10	icos	ico	NOUN
cjfa-56736	329	11	with	with	ADP
cjfa-56736	329	12	larger	large	ADJ
cjfa-56736	329	13	teams	team	NOUN
cjfa-56736	329	14	and	and	CCONJ
cjfa-56736	329	15	experienced	experienced	ADJ
cjfa-56736	329	16	ceos	ceo	NOUN
cjfa-56736	329	17	tended	tend	VERB
cjfa-56736	329	18	to	to	PART
cjfa-56736	329	19	reduce	reduce	VERB
cjfa-56736	329	20	the	the	DET
cjfa-56736	329	21	time	time	NOUN
cjfa-56736	329	22	taken	take	VERB
cjfa-56736	329	23	to	to	PART
cjfa-56736	329	24	bring	bring	VERB
cjfa-56736	329	25	their	their	PRON
cjfa-56736	329	26	product	product	NOUN
cjfa-56736	329	27	to	to	ADP
cjfa-56736	329	28	market	market	NOUN
cjfa-56736	329	29	.	.	PUNCT
cjfa-56736	330	1	however	however	ADV
cjfa-56736	330	2	,	,	PUNCT
cjfa-56736	330	3	this	this	PRON
cjfa-56736	330	4	did	do	AUX
cjfa-56736	330	5	not	not	PART
cjfa-56736	330	6	translate	translate	VERB
cjfa-56736	330	7	into	into	ADP
cjfa-56736	330	8	superior	superior	ADJ
cjfa-56736	330	9	overall	overall	ADJ
cjfa-56736	330	10	performance	performance	NOUN
cjfa-56736	330	11	in	in	ADP
cjfa-56736	330	12	terms	term	NOUN
cjfa-56736	330	13	of	of	ADP
cjfa-56736	330	14	returns	return	NOUN
cjfa-56736	330	15	.	.	PUNCT
cjfa-56736	331	1	in	in	ADP
cjfa-56736	331	2	model	model	NOUN
cjfa-56736	331	3	(	(	PUNCT
cjfa-56736	331	4	2	2	NUM
cjfa-56736	331	5	)	)	PUNCT
cjfa-56736	331	6	,	,	PUNCT
cjfa-56736	331	7	we	we	PRON
cjfa-56736	331	8	found	find	VERB
cjfa-56736	331	9	that	that	SCONJ
cjfa-56736	331	10	larger	large	ADJ
cjfa-56736	331	11	teams	team	NOUN
cjfa-56736	331	12	,	,	PUNCT
cjfa-56736	331	13	experienced	experienced	ADJ
cjfa-56736	331	14	ceos	ceo	NOUN
cjfa-56736	331	15	,	,	PUNCT
cjfa-56736	331	16	and	and	CCONJ
cjfa-56736	331	17	stricter	strict	ADJ
cjfa-56736	331	18	kyc	kyc	PROPN
cjfa-56736	331	19	procedures	procedure	NOUN
cjfa-56736	331	20	were	be	AUX
cjfa-56736	331	21	associated	associate	VERB
cjfa-56736	331	22	with	with	ADP
cjfa-56736	331	23	an	an	DET
cjfa-56736	331	24	increased	increase	VERB
cjfa-56736	331	25	risk	risk	NOUN
cjfa-56736	331	26	of	of	ADP
cjfa-56736	331	27	asset	asset	NOUN
cjfa-56736	331	28	delisting	delisting	NOUN
cjfa-56736	331	29	,	,	PUNCT
cjfa-56736	331	30	which	which	PRON
cjfa-56736	331	31	runs	run	VERB
cjfa-56736	331	32	counter	counter	ADV
cjfa-56736	331	33	to	to	ADP
cjfa-56736	331	34	the	the	DET
cjfa-56736	331	35	idea	idea	NOUN
cjfa-56736	331	36	that	that	PRON
cjfa-56736	331	37	icos	ico	VERB
cjfa-56736	331	38	that	that	PRON
cjfa-56736	331	39	avoid	avoid	VERB
cjfa-56736	331	40	delisting	delist	VERB
cjfa-56736	331	41	are	be	AUX
cjfa-56736	331	42	more	more	ADV
cjfa-56736	331	43	efficient	efficient	ADJ
cjfa-56736	331	44	.	.	PUNCT
cjfa-56736	332	1	in	in	ADP
cjfa-56736	332	2	summary	summary	NOUN
cjfa-56736	332	3	,	,	PUNCT
cjfa-56736	332	4	our	our	PRON
cjfa-56736	332	5	results	result	NOUN
cjfa-56736	332	6	suggest	suggest	VERB
cjfa-56736	332	7	that	that	SCONJ
cjfa-56736	332	8	speed	speed	NOUN
cjfa-56736	332	9	to	to	ADP
cjfa-56736	332	10	market	market	NOUN
cjfa-56736	332	11	and	and	CCONJ
cjfa-56736	332	12	avoidance	avoidance	NOUN
cjfa-56736	332	13	of	of	ADP
cjfa-56736	332	14	delisting	delisting	NOUN
cjfa-56736	332	15	are	be	AUX
cjfa-56736	332	16	not	not	PART
cjfa-56736	332	17	necessarily	necessarily	ADV
cjfa-56736	332	18	determinants	determinant	NOUN
cjfa-56736	332	19	of	of	ADP
cjfa-56736	332	20	ico	ico	PROPN
cjfa-56736	332	21	performance	performance	NOUN
cjfa-56736	332	22	.	.	PUNCT
cjfa-56736	333	1	therefore	therefore	ADV
cjfa-56736	333	2	,	,	PUNCT
cjfa-56736	333	3	in	in	ADP
cjfa-56736	333	4	the	the	DET
cjfa-56736	333	5	context	context	NOUN
cjfa-56736	333	6	of	of	ADP
cjfa-56736	333	7	our	our	PRON
cjfa-56736	333	8	models	model	NOUN
cjfa-56736	333	9	,	,	PUNCT
cjfa-56736	333	10	the	the	DET
cjfa-56736	333	11	hypothesis	hypothesis	NOUN
cjfa-56736	333	12	that	that	PRON
cjfa-56736	333	13	these	these	DET
cjfa-56736	333	14	factors	factor	NOUN
cjfa-56736	333	15	lead	lead	VERB
cjfa-56736	333	16	to	to	ADP
cjfa-56736	333	17	overall	overall	ADJ
cjfa-56736	333	18	superior	superior	ADJ
cjfa-56736	333	19	performance	performance	NOUN
cjfa-56736	333	20	can	can	AUX
cjfa-56736	333	21	be	be	AUX
cjfa-56736	333	22	rejected	reject	VERB
cjfa-56736	333	23	.	.	PUNCT
cjfa-56736	334	1	in	in	ADP
cjfa-56736	334	2	model	model	NOUN
cjfa-56736	334	3	(	(	PUNCT
cjfa-56736	334	4	1	1	NUM
cjfa-56736	334	5	)	)	PUNCT
cjfa-56736	334	6	,	,	PUNCT
cjfa-56736	334	7	our	our	PRON
cjfa-56736	334	8	analysis	analysis	NOUN
cjfa-56736	334	9	suggests	suggest	VERB
cjfa-56736	334	10	that	that	SCONJ
cjfa-56736	334	11	strict	strict	ADJ
cjfa-56736	334	12	kyc	kyc	PROPN
cjfa-56736	334	13	procedures	procedure	NOUN
cjfa-56736	334	14	are	be	AUX
cjfa-56736	334	15	associated	associate	VERB
cjfa-56736	334	16	with	with	ADP
cjfa-56736	334	17	higher	high	ADJ
cjfa-56736	334	18	nominal	nominal	ADJ
cjfa-56736	334	19	returns	return	NOUN
cjfa-56736	334	20	,	,	PUNCT
cjfa-56736	334	21	supporting	support	VERB
cjfa-56736	334	22	the	the	DET
cjfa-56736	334	23	hypothesis	hypothesis	NOUN
cjfa-56736	334	24	.	.	PUNCT
cjfa-56736	335	1	however	however	ADV
cjfa-56736	335	2	,	,	PUNCT
cjfa-56736	335	3	the	the	DET
cjfa-56736	335	4	impact	impact	NOUN
cjfa-56736	335	5	of	of	ADP
cjfa-56736	335	6	ico	ico	PROPN
cjfa-56736	335	7	gross	gross	ADJ
cjfa-56736	335	8	proceed	proceed	VERB
cjfa-56736	335	9	on	on	ADP
cjfa-56736	335	10	nominal	nominal	ADJ
cjfa-56736	335	11	returns	return	NOUN
cjfa-56736	335	12	is	be	AUX
cjfa-56736	335	13	not	not	PART
cjfa-56736	335	14	significant	significant	ADJ
cjfa-56736	335	15	,	,	PUNCT
cjfa-56736	335	16	suggesting	suggest	VERB
cjfa-56736	335	17	a	a	DET
cjfa-56736	335	18	partial	partial	ADJ
cjfa-56736	335	19	rejection	rejection	NOUN
cjfa-56736	335	20	of	of	ADP
cjfa-56736	335	21	the	the	DET
cjfa-56736	335	22	hypothesis	hypothesis	NOUN
cjfa-56736	335	23	.	.	PUNCT
cjfa-56736	336	1	in	in	ADP
cjfa-56736	336	2	model	model	NOUN
cjfa-56736	336	3	(	(	PUNCT
cjfa-56736	336	4	2	2	NUM
cjfa-56736	336	5	)	)	PUNCT
cjfa-56736	336	6	,	,	PUNCT
cjfa-56736	336	7	the	the	DET
cjfa-56736	336	8	positive	positive	ADJ
cjfa-56736	336	9	effect	effect	NOUN
cjfa-56736	336	10	of	of	ADP
cjfa-56736	336	11	kyc	kyc	PROPN
cjfa-56736	336	12	procedures	procedure	NOUN
cjfa-56736	336	13	on	on	ADP
cjfa-56736	336	14	nominal	nominal	ADJ
cjfa-56736	336	15	returns	return	NOUN
cjfa-56736	336	16	is	be	AUX
cjfa-56736	336	17	confirmed	confirm	VERB
cjfa-56736	336	18	,	,	PUNCT
cjfa-56736	336	19	supporting	support	VERB
cjfa-56736	336	20	the	the	DET
cjfa-56736	336	21	hypothesis	hypothesis	NOUN
cjfa-56736	336	22	.	.	PUNCT
cjfa-56736	337	1	in	in	ADP
cjfa-56736	337	2	addition	addition	NOUN
cjfa-56736	337	3	,	,	PUNCT
cjfa-56736	337	4	ico	ico	PROPN
cjfa-56736	337	5	duration	duration	NOUN
cjfa-56736	337	6	,	,	PUNCT
cjfa-56736	337	7	erc20	erc20	PROPN
cjfa-56736	337	8	compliance	compliance	NOUN
cjfa-56736	337	9	,	,	PUNCT
cjfa-56736	337	10	and	and	CCONJ
cjfa-56736	337	11	us	we	PRON
cjfa-56736	337	12	-	-	PUNCT
cjfa-56736	337	13	related	relate	VERB
cjfa-56736	337	14	restrictions	restriction	NOUN
cjfa-56736	337	15	have	have	VERB
cjfa-56736	337	16	a	a	DET
cjfa-56736	337	17	significant	significant	ADJ
cjfa-56736	337	18	impact	impact	NOUN
cjfa-56736	337	19	on	on	ADP
cjfa-56736	337	20	fundraising	fundraise	VERB
cjfa-56736	337	21	(	(	PUNCT
cjfa-56736	337	22	ico	ico	PROPN
cjfa-56736	337	23	gross	gross	ADJ
cjfa-56736	337	24	proceed	proceed	VERB
cjfa-56736	337	25	)	)	PUNCT
cjfa-56736	337	26	,	,	PUNCT
cjfa-56736	337	27	strengthening	strengthen	VERB
cjfa-56736	337	28	the	the	DET
cjfa-56736	337	29	hypoth	hypoth	NOUN
cjfa-56736	337	30	study	study	NOUN
cjfa-56736	337	31	of	of	ADP
cjfa-56736	337	32	the	the	DET
cjfa-56736	337	33	performance	performance	NOUN
cjfa-56736	337	34	and	and	CCONJ
cjfa-56736	337	35	determinants	determinant	NOUN
cjfa-56736	337	36	…	…	PUNCT
cjfa-56736	337	37	2525	2525	NUM
cjfa-56736	337	38	esis	esis	NOUN
cjfa-56736	337	39	.	.	PUNCT
cjfa-56736	338	1	however	however	ADV
cjfa-56736	338	2	,	,	PUNCT
cjfa-56736	338	3	the	the	DET
cjfa-56736	338	4	presence	presence	NOUN
cjfa-56736	338	5	of	of	ADP
cjfa-56736	338	6	major	major	ADJ
cjfa-56736	338	7	crypto	crypto	NOUN
cjfa-56736	338	8	-	-	NOUN
cjfa-56736	338	9	currencies	currency	NOUN
cjfa-56736	338	10	has	have	VERB
cjfa-56736	338	11	a	a	DET
cjfa-56736	338	12	negative	negative	ADJ
cjfa-56736	338	13	effect	effect	NOUN
cjfa-56736	338	14	,	,	PUNCT
cjfa-56736	338	15	suggesting	suggest	VERB
cjfa-56736	338	16	a	a	DET
cjfa-56736	338	17	partial	partial	ADJ
cjfa-56736	338	18	rejection	rejection	NOUN
cjfa-56736	338	19	of	of	ADP
cjfa-56736	338	20	the	the	DET
cjfa-56736	338	21	hypothesis	hypothesis	NOUN
cjfa-56736	338	22	.	.	PUNCT
cjfa-56736	339	1	in	in	ADP
cjfa-56736	339	2	summary	summary	NOUN
cjfa-56736	339	3	,	,	PUNCT
cjfa-56736	339	4	the	the	DET
cjfa-56736	339	5	hypothesis	hypothesis	NOUN
cjfa-56736	339	6	that	that	PRON
cjfa-56736	339	7	strict	strict	ADJ
cjfa-56736	339	8	kyc	kyc	PROPN
cjfa-56736	339	9	procedures	procedure	NOUN
cjfa-56736	339	10	are	be	AUX
cjfa-56736	339	11	linked	link	VERB
cjfa-56736	339	12	to	to	ADP
cjfa-56736	339	13	higher	high	ADJ
cjfa-56736	339	14	nominal	nominal	ADJ
cjfa-56736	339	15	returns	return	NOUN
cjfa-56736	339	16	is	be	AUX
cjfa-56736	339	17	accepted	accept	VERB
cjfa-56736	339	18	in	in	ADP
cjfa-56736	339	19	both	both	DET
cjfa-56736	339	20	models	model	NOUN
cjfa-56736	339	21	.	.	PUNCT
cjfa-56736	340	1	however	however	ADV
cjfa-56736	340	2	,	,	PUNCT
cjfa-56736	340	3	the	the	DET
cjfa-56736	340	4	relationship	relationship	NOUN
cjfa-56736	340	5	between	between	ADP
cjfa-56736	340	6	total	total	ADJ
cjfa-56736	340	7	fundraising	fundraising	NOUN
cjfa-56736	340	8	and	and	CCONJ
cjfa-56736	340	9	nominal	nominal	ADJ
cjfa-56736	340	10	returns	return	NOUN
cjfa-56736	340	11	is	be	AUX
cjfa-56736	340	12	complex	complex	ADJ
cjfa-56736	340	13	and	and	CCONJ
cjfa-56736	340	14	varies	vary	VERB
cjfa-56736	340	15	according	accord	VERB
cjfa-56736	340	16	to	to	ADP
cjfa-56736	340	17	factors	factor	NOUN
cjfa-56736	340	18	specific	specific	ADJ
cjfa-56736	340	19	to	to	ADP
cjfa-56736	340	20	each	each	DET
cjfa-56736	340	21	model	model	NOUN
cjfa-56736	340	22	.	.	PUNCT
cjfa-56736	341	1	it	it	PRON
cjfa-56736	341	2	is	be	AUX
cjfa-56736	341	3	therefore	therefore	ADV
cjfa-56736	341	4	not	not	PART
cjfa-56736	341	5	possible	possible	ADJ
cjfa-56736	341	6	to	to	PART
cjfa-56736	341	7	conclude	conclude	VERB
cjfa-56736	341	8	categorically	categorically	ADV
cjfa-56736	341	9	that	that	SCONJ
cjfa-56736	341	10	higher	high	ADJ
cjfa-56736	341	11	returns	return	NOUN
cjfa-56736	341	12	always	always	ADV
cjfa-56736	341	13	lead	lead	VERB
cjfa-56736	341	14	to	to	ADP
cjfa-56736	341	15	higher	high	ADJ
cjfa-56736	341	16	fundraising	fundraising	NOUN
cjfa-56736	341	17	.	.	PUNCT
cjfa-56736	341	18	 	 	SPACE
cjfa-56736	342	1	conclusion	conclusion	NOUN
cjfa-56736	342	2	 	 	SPACE
cjfa-56736	342	3	conclusion	conclusion	NOUN
cjfa-56736	342	4	this	this	DET
cjfa-56736	342	5	study	study	NOUN
cjfa-56736	342	6	complements	complement	VERB
cjfa-56736	342	7	the	the	DET
cjfa-56736	342	8	growing	grow	VERB
cjfa-56736	342	9	academic	academic	ADJ
cjfa-56736	342	10	literature	literature	NOUN
cjfa-56736	342	11	on	on	ADP
cjfa-56736	342	12	icos	icos	PROPN
cjfa-56736	342	13	.	.	PUNCT
cjfa-56736	343	1	indeed	indeed	ADV
cjfa-56736	343	2	,	,	PUNCT
cjfa-56736	343	3	our	our	PRON
cjfa-56736	343	4	study	study	NOUN
cjfa-56736	343	5	shows	show	VERB
cjfa-56736	343	6	that	that	SCONJ
cjfa-56736	343	7	many	many	ADJ
cjfa-56736	343	8	factors	factor	NOUN
cjfa-56736	343	9	play	play	VERB
cjfa-56736	343	10	a	a	DET
cjfa-56736	343	11	role	role	NOUN
cjfa-56736	343	12	in	in	ADP
cjfa-56736	343	13	determining	determine	VERB
cjfa-56736	343	14	the	the	DET
cjfa-56736	343	15	success	success	NOUN
cjfa-56736	343	16	or	or	CCONJ
cjfa-56736	343	17	failure	failure	NOUN
cjfa-56736	343	18	of	of	ADP
cjfa-56736	343	19	an	an	DET
cjfa-56736	343	20	ico	ico	NOUN
cjfa-56736	343	21	.	.	PUNCT
cjfa-56736	344	1	these	these	DET
cjfa-56736	344	2	factors	factor	NOUN
cjfa-56736	344	3	are	be	AUX
cjfa-56736	344	4	interconnected	interconnect	VERB
cjfa-56736	344	5	in	in	ADP
cjfa-56736	344	6	complex	complex	ADJ
cjfa-56736	344	7	ways	way	NOUN
cjfa-56736	344	8	and	and	CCONJ
cjfa-56736	344	9	need	need	VERB
cjfa-56736	344	10	to	to	PART
cjfa-56736	344	11	be	be	AUX
cjfa-56736	344	12	understood	understand	VERB
cjfa-56736	344	13	holistically	holistically	ADV
cjfa-56736	344	14	to	to	PART
cjfa-56736	344	15	fully	fully	ADV
cjfa-56736	344	16	appreciate	appreciate	VERB
cjfa-56736	344	17	their	their	PRON
cjfa-56736	344	18	impact	impact	NOUN
cjfa-56736	344	19	on	on	ADP
cjfa-56736	344	20	performance	performance	NOUN
cjfa-56736	344	21	.	.	PUNCT
cjfa-56736	345	1	the	the	DET
cjfa-56736	345	2	reputation	reputation	NOUN
cjfa-56736	345	3	of	of	ADP
cjfa-56736	345	4	the	the	DET
cjfa-56736	345	5	founding	found	VERB
cjfa-56736	345	6	team	team	NOUN
cjfa-56736	345	7	,	,	PUNCT
cjfa-56736	345	8	the	the	DET
cjfa-56736	345	9	quality	quality	NOUN
cjfa-56736	345	10	of	of	ADP
cjfa-56736	345	11	the	the	DET
cjfa-56736	345	12	information	information	NOUN
cjfa-56736	345	13	provided	provide	VERB
cjfa-56736	345	14	to	to	ADP
cjfa-56736	345	15	stakeholders	stakeholder	NOUN
cjfa-56736	345	16	,	,	PUNCT
cjfa-56736	345	17	as	as	ADV
cjfa-56736	345	18	well	well	ADV
cjfa-56736	345	19	as	as	ADP
cjfa-56736	345	20	market	market	NOUN
cjfa-56736	345	21	liquidity	liquidity	NOUN
cjfa-56736	345	22	and	and	CCONJ
cjfa-56736	345	23	regulatory	regulatory	ADJ
cjfa-56736	345	24	compliance	compliance	NOUN
cjfa-56736	345	25	,	,	PUNCT
cjfa-56736	345	26	emerged	emerge	VERB
cjfa-56736	345	27	as	as	ADP
cjfa-56736	345	28	key	key	ADJ
cjfa-56736	345	29	factors	factor	NOUN
cjfa-56736	345	30	determining	determine	VERB
cjfa-56736	345	31	the	the	DET
cjfa-56736	345	32	effectiveness	effectiveness	NOUN
cjfa-56736	345	33	of	of	ADP
cjfa-56736	345	34	the	the	DET
cjfa-56736	345	35	work	work	NOUN
cjfa-56736	345	36	.	.	PUNCT
cjfa-56736	346	1	the	the	DET
cjfa-56736	346	2	findings	finding	NOUN
cjfa-56736	346	3	have	have	VERB
cjfa-56736	346	4	significant	significant	ADJ
cjfa-56736	346	5	implications	implication	NOUN
cjfa-56736	346	6	for	for	ADP
cjfa-56736	346	7	all	all	DET
cjfa-56736	346	8	participants	participant	NOUN
cjfa-56736	346	9	in	in	ADP
cjfa-56736	346	10	the	the	DET
cjfa-56736	346	11	ico	ico	PROPN
cjfa-56736	346	12	market	market	NOUN
cjfa-56736	346	13	.	.	PUNCT
cjfa-56736	347	1	investors	investor	NOUN
cjfa-56736	347	2	,	,	PUNCT
cjfa-56736	347	3	facing	face	VERB
cjfa-56736	347	4	risks	risk	NOUN
cjfa-56736	347	5	due	due	ADP
cjfa-56736	347	6	to	to	ADP
cjfa-56736	347	7	the	the	DET
cjfa-56736	347	8	lack	lack	NOUN
cjfa-56736	347	9	of	of	ADP
cjfa-56736	347	10	investor	investor	NOUN
cjfa-56736	347	11	protection	protection	NOUN
cjfa-56736	347	12	in	in	ADP
cjfa-56736	347	13	the	the	DET
cjfa-56736	347	14	largely	largely	ADV
cjfa-56736	347	15	unregulated	unregulated	ADJ
cjfa-56736	347	16	ico	ico	PROPN
cjfa-56736	347	17	market	market	NOUN
cjfa-56736	347	18	,	,	PUNCT
cjfa-56736	347	19	should	should	AUX
cjfa-56736	347	20	take	take	VERB
cjfa-56736	347	21	into	into	ADP
cjfa-56736	347	22	account	account	NOUN
cjfa-56736	347	23	various	various	ADJ
cjfa-56736	347	24	ico	ico	PROPN
cjfa-56736	347	25	features	feature	VERB
cjfa-56736	347	26	like	like	ADP
cjfa-56736	347	27	expert	expert	NOUN
cjfa-56736	347	28	ratings	rating	NOUN
cjfa-56736	347	29	,	,	PUNCT
cjfa-56736	347	30	project	project	NOUN
cjfa-56736	347	31	team	team	NOUN
cjfa-56736	347	32	members	member	NOUN
cjfa-56736	347	33	,	,	PUNCT
cjfa-56736	347	34	campaign	campaign	NOUN
cjfa-56736	347	35	duration	duration	NOUN
cjfa-56736	347	36	,	,	PUNCT
cjfa-56736	347	37	and	and	CCONJ
cjfa-56736	347	38	the	the	DET
cjfa-56736	347	39	percentage	percentage	NOUN
cjfa-56736	347	40	of	of	ADP
cjfa-56736	347	41	tokens	token	NOUN
cjfa-56736	347	42	offered	offer	VERB
cjfa-56736	347	43	for	for	ADP
cjfa-56736	347	44	public	public	ADJ
cjfa-56736	347	45	sale	sale	NOUN
cjfa-56736	347	46	before	before	ADP
cjfa-56736	347	47	making	make	VERB
cjfa-56736	347	48	investment	investment	NOUN
cjfa-56736	347	49	decisions	decision	NOUN
cjfa-56736	347	50	in	in	ADP
cjfa-56736	347	51	an	an	DET
cjfa-56736	347	52	ico	ico	PROPN
cjfa-56736	347	53	.	.	PUNCT
cjfa-56736	348	1	additionally	additionally	ADV
cjfa-56736	348	2	,	,	PUNCT
cjfa-56736	348	3	entrepreneurs	entrepreneur	NOUN
cjfa-56736	348	4	can	can	AUX
cjfa-56736	348	5	use	use	VERB
cjfa-56736	348	6	these	these	DET
cjfa-56736	348	7	findings	finding	NOUN
cjfa-56736	348	8	to	to	PART
cjfa-56736	348	9	improve	improve	VERB
cjfa-56736	348	10	their	their	PRON
cjfa-56736	348	11	chances	chance	NOUN
cjfa-56736	348	12	of	of	ADP
cjfa-56736	348	13	success	success	NOUN
cjfa-56736	348	14	in	in	ADP
cjfa-56736	348	15	launching	launch	VERB
cjfa-56736	348	16	a	a	DET
cjfa-56736	348	17	successful	successful	ADJ
cjfa-56736	348	18	ico	ico	PROPN
cjfa-56736	348	19	project	project	NOUN
cjfa-56736	348	20	.	.	PUNCT
cjfa-56736	349	1	ultimately	ultimately	ADV
cjfa-56736	349	2	,	,	PUNCT
cjfa-56736	349	3	collaboration	collaboration	NOUN
cjfa-56736	349	4	between	between	ADP
cjfa-56736	349	5	investors	investor	NOUN
cjfa-56736	349	6	,	,	PUNCT
cjfa-56736	349	7	entrepreneurs	entrepreneur	NOUN
cjfa-56736	349	8	,	,	PUNCT
cjfa-56736	349	9	and	and	CCONJ
cjfa-56736	349	10	regulators	regulator	NOUN
cjfa-56736	349	11	is	be	AUX
cjfa-56736	349	12	crucial	crucial	ADJ
cjfa-56736	349	13	in	in	ADP
cjfa-56736	349	14	ensuring	ensure	VERB
cjfa-56736	349	15	the	the	DET
cjfa-56736	349	16	long	long	ADJ
cjfa-56736	349	17	-	-	PUNCT
cjfa-56736	349	18	term	term	NOUN
cjfa-56736	349	19	sustainability	sustainability	NOUN
cjfa-56736	349	20	and	and	CCONJ
cjfa-56736	349	21	growth	growth	NOUN
cjfa-56736	349	22	of	of	ADP
cjfa-56736	349	23	the	the	DET
cjfa-56736	349	24	ico	ico	PROPN
cjfa-56736	349	25	market	market	NOUN
cjfa-56736	349	26	.	.	PUNCT
cjfa-56736	350	1	they	they	PRON
cjfa-56736	350	2	should	should	AUX
cjfa-56736	350	3	continue	continue	VERB
cjfa-56736	350	4	to	to	PART
cjfa-56736	350	5	monitor	monitor	VERB
cjfa-56736	350	6	and	and	CCONJ
cjfa-56736	350	7	regulate	regulate	VERB
cjfa-56736	350	8	the	the	DET
cjfa-56736	350	9	market	market	NOUN
cjfa-56736	350	10	to	to	PART
cjfa-56736	350	11	protect	protect	VERB
cjfa-56736	350	12	investors	investor	NOUN
cjfa-56736	350	13	and	and	CCONJ
cjfa-56736	350	14	ensure	ensure	VERB
cjfa-56736	350	15	transparency	transparency	NOUN
cjfa-56736	350	16	and	and	CCONJ
cjfa-56736	350	17	accountability	accountability	NOUN
cjfa-56736	350	18	among	among	ADP
cjfa-56736	350	19	ico	ico	PROPN
cjfa-56736	350	20	projects	project	NOUN
cjfa-56736	350	21	.	.	PUNCT
cjfa-56736	351	1	investors	investor	NOUN
cjfa-56736	351	2	are	be	AUX
cjfa-56736	351	3	encouraged	encourage	VERB
cjfa-56736	351	4	to	to	PART
cjfa-56736	351	5	pay	pay	VERB
cjfa-56736	351	6	particular	particular	ADJ
cjfa-56736	351	7	attention	attention	NOUN
cjfa-56736	351	8	to	to	ADP
cjfa-56736	351	9	these	these	DET
cjfa-56736	351	10	factors	factor	NOUN
cjfa-56736	351	11	when	when	SCONJ
cjfa-56736	351	12	considering	consider	VERB
cjfa-56736	351	13	participating	participate	VERB
cjfa-56736	351	14	in	in	ADP
cjfa-56736	351	15	an	an	DET
cjfa-56736	351	16	ico	ico	NOUN
cjfa-56736	351	17	.	.	PUNCT
cjfa-56736	352	1	ultimately	ultimately	ADV
cjfa-56736	352	2	,	,	PUNCT
cjfa-56736	352	3	regulators	regulator	NOUN
cjfa-56736	352	4	have	have	VERB
cjfa-56736	352	5	a	a	DET
cjfa-56736	352	6	central	central	ADJ
cjfa-56736	352	7	role	role	NOUN
cjfa-56736	352	8	in	in	ADP
cjfa-56736	352	9	maintaining	maintain	VERB
cjfa-56736	352	10	the	the	DET
cjfa-56736	352	11	integrity	integrity	NOUN
cjfa-56736	352	12	and	and	CCONJ
cjfa-56736	352	13	security	security	NOUN
cjfa-56736	352	14	of	of	ADP
cjfa-56736	352	15	the	the	DET
cjfa-56736	352	16	ico	ico	PROPN
cjfa-56736	352	17	market	market	NOUN
cjfa-56736	352	18	.	.	PUNCT
cjfa-56736	353	1	it	it	PRON
cjfa-56736	353	2	’s	’	VERB
cjfa-56736	353	3	essential	essential	ADJ
cjfa-56736	353	4	to	to	PART
cjfa-56736	353	5	recognize	recognize	VERB
cjfa-56736	353	6	the	the	DET
cjfa-56736	353	7	limitations	limitation	NOUN
cjfa-56736	353	8	of	of	ADP
cjfa-56736	353	9	our	our	PRON
cjfa-56736	353	10	study	study	NOUN
cjfa-56736	353	11	.	.	PUNCT
cjfa-56736	354	1	the	the	DET
cjfa-56736	354	2	data	datum	NOUN
cjfa-56736	354	3	we	we	PRON
cjfa-56736	354	4	’re	’re	AUX
cjfa-56736	354	5	using	use	VERB
cjfa-56736	354	6	covers	cover	VERB
cjfa-56736	354	7	a	a	DET
cjfa-56736	354	8	specific	specific	ADJ
cjfa-56736	354	9	period	period	NOUN
cjfa-56736	354	10	and	and	CCONJ
cjfa-56736	354	11	the	the	DET
cjfa-56736	354	12	ico	ico	PROPN
cjfa-56736	354	13	market	market	NOUN
cjfa-56736	354	14	is	be	AUX
cjfa-56736	354	15	not	not	PART
cjfa-56736	354	16	odiously	odiously	ADV
cjfa-56736	354	17	volatile	volatile	ADJ
cjfa-56736	354	18	.	.	PUNCT
cjfa-56736	355	1	still	still	ADV
cjfa-56736	355	2	,	,	PUNCT
cjfa-56736	355	3	because	because	SCONJ
cjfa-56736	355	4	blockchain	blockchain	PROPN
cjfa-56736	355	5	technology	technology	PROPN
cjfa-56736	355	6	is	be	AUX
cjfa-56736	355	7	a	a	DET
cjfa-56736	355	8	very	very	ADV
cjfa-56736	355	9	secure	secure	ADJ
cjfa-56736	355	10	technology	technology	NOUN
cjfa-56736	355	11	and	and	CCONJ
cjfa-56736	355	12	does	do	AUX
cjfa-56736	355	13	n’t	not	PART
cjfa-56736	355	14	find	find	VERB
cjfa-56736	355	15	easy	easy	ADJ
cjfa-56736	355	16	access	access	NOUN
cjfa-56736	355	17	to	to	ADP
cjfa-56736	355	18	data	datum	NOUN
cjfa-56736	355	19	.	.	PUNCT
cjfa-56736	356	1	dorsaf	dorsaf	PROPN
cjfa-56736	356	2	ben	ben	PROPN
cjfa-56736	356	3	aissia	aissia	PROPN
cjfa-56736	356	4	,	,	PUNCT
cjfa-56736	356	5	alaa	alaa	PROPN
cjfa-56736	356	6	eddine	eddine	PROPN
cjfa-56736	356	7	chakroun2626	chakroun2626	PROPN
cjfa-56736	356	8	however	however	ADV
cjfa-56736	356	9	,	,	PUNCT
cjfa-56736	356	10	our	our	PRON
cjfa-56736	356	11	in	in	ADP
cjfa-56736	356	12	-	-	PUNCT
cjfa-56736	356	13	depth	depth	NOUN
cjfa-56736	356	14	understanding	understanding	NOUN
cjfa-56736	356	15	of	of	ADP
cjfa-56736	356	16	the	the	DET
cjfa-56736	356	17	determinants	determinant	NOUN
cjfa-56736	356	18	of	of	ADP
cjfa-56736	356	19	ico	ico	PROPN
cjfa-56736	356	20	performance	performance	NOUN
cjfa-56736	356	21	provides	provide	VERB
cjfa-56736	356	22	important	important	ADJ
cjfa-56736	356	23	insights	insight	NOUN
cjfa-56736	356	24	for	for	ADP
cjfa-56736	356	25	those	those	PRON
cjfa-56736	356	26	interested	interested	ADJ
cjfa-56736	356	27	in	in	ADP
cjfa-56736	356	28	the	the	DET
cjfa-56736	356	29	future	future	NOUN
cjfa-56736	356	30	of	of	ADP
cjfa-56736	356	31	digital	digital	ADJ
cjfa-56736	356	32	finance	finance	NOUN
cjfa-56736	356	33	.	.	PUNCT
cjfa-56736	357	1	the	the	DET
cjfa-56736	357	2	ico	ico	PROPN
cjfa-56736	357	3	research	research	NOUN
cjfa-56736	357	4	field	field	NOUN
cjfa-56736	357	5	has	have	VERB
cjfa-56736	357	6	great	great	ADJ
cjfa-56736	357	7	potential	potential	NOUN
cjfa-56736	357	8	.	.	PUNCT
cjfa-56736	358	1	market	market	NOUN
cjfa-56736	358	2	trends	trend	NOUN
cjfa-56736	358	3	and	and	CCONJ
cjfa-56736	358	4	regulatory	regulatory	ADJ
cjfa-56736	358	5	developments	development	NOUN
cjfa-56736	358	6	will	will	AUX
cjfa-56736	358	7	continue	continue	VERB
cjfa-56736	358	8	to	to	PART
cjfa-56736	358	9	influence	influence	VERB
cjfa-56736	358	10	performance	performance	NOUN
cjfa-56736	358	11	factors	factor	NOUN
cjfa-56736	358	12	.	.	PUNCT
cjfa-56736	359	1	future	future	ADJ
cjfa-56736	359	2	studies	study	NOUN
cjfa-56736	359	3	could	could	AUX
cjfa-56736	359	4	examine	examine	VERB
cjfa-56736	359	5	these	these	DET
cjfa-56736	359	6	evolving	evolve	VERB
cjfa-56736	359	7	trends	trend	NOUN
cjfa-56736	359	8	and	and	CCONJ
cjfa-56736	359	9	the	the	DET
cjfa-56736	359	10	impact	impact	NOUN
cjfa-56736	359	11	of	of	ADP
cjfa-56736	359	12	new	new	ADJ
cjfa-56736	359	13	technologies	technology	NOUN
cjfa-56736	359	14	,	,	PUNCT
cjfa-56736	359	15	providing	provide	VERB
cjfa-56736	359	16	further	further	ADJ
cjfa-56736	359	17	insight	insight	NOUN
cjfa-56736	359	18	into	into	ADP
cjfa-56736	359	19	this	this	DET
cjfa-56736	359	20	ever	ever	ADV
cjfa-56736	359	21	-	-	PUNCT
cjfa-56736	359	22	changing	change	VERB
cjfa-56736	359	23	field	field	NOUN
cjfa-56736	359	24	.	.	PUNCT
cjfa-56736	359	25	 	 	SPACE
cjfa-56736	360	1	references	reference	NOUN
cjfa-56736	360	2	 	 	SPACE
cjfa-56736	360	3	references	reference	NOUN
cjfa-56736	360	4	adhami	adhami	NOUN
cjfa-56736	360	5	,	,	PUNCT
cjfa-56736	360	6	s.	s.	PROPN
cjfa-56736	360	7	,	,	PUNCT
cjfa-56736	360	8	giudici	giudici	NOUN
cjfa-56736	360	9	,	,	PUNCT
cjfa-56736	360	10	g.	g.	PROPN
cjfa-56736	360	11	,	,	PUNCT
cjfa-56736	360	12	&	&	CCONJ
cjfa-56736	360	13	martinazzi	martinazzi	PROPN
cjfa-56736	360	14	,	,	PUNCT
cjfa-56736	360	15	s.	s.	PROPN
cjfa-56736	360	16	(	(	PUNCT
cjfa-56736	360	17	2018	2018	NUM
cjfa-56736	360	18	)	)	PUNCT
cjfa-56736	360	19	.	.	PUNCT
cjfa-56736	361	1	why	why	SCONJ
cjfa-56736	361	2	do	do	AUX
cjfa-56736	361	3	businesses	business	NOUN
cjfa-56736	361	4	go	go	VERB
cjfa-56736	361	5	crypto	crypto	ADJ
cjfa-56736	361	6	?	?	PUNCT
cjfa-56736	362	1	an	an	DET
cjfa-56736	362	2	empirical	empirical	ADJ
cjfa-56736	362	3	analysis	analysis	NOUN
cjfa-56736	362	4	of	of	ADP
cjfa-56736	362	5	initial	initial	ADJ
cjfa-56736	362	6	coin	coin	NOUN
cjfa-56736	362	7	offerings	offering	NOUN
cjfa-56736	362	8	.	.	PUNCT
cjfa-56736	363	1	journal	journal	NOUN
cjfa-56736	363	2	of	of	ADP
cjfa-56736	363	3	economics	economic	NOUN
cjfa-56736	363	4	and	and	CCONJ
cjfa-56736	363	5	business	business	NOUN
cjfa-56736	363	6	,	,	PUNCT
cjfa-56736	363	7	100	100	NUM
cjfa-56736	363	8	,	,	PUNCT
cjfa-56736	363	9	64	64	NUM
cjfa-56736	363	10	-	-	SYM
cjfa-56736	363	11	75	75	NUM
cjfa-56736	363	12	.	.	PUNCT
cjfa-56736	364	1	https://doi.org/10.1016/j.jeconbus.2018.04.001	https://doi.org/10.1016/j.jeconbus.2018.04.001	NOUN
cjfa-56736	364	2	.	.	PUNCT
cjfa-56736	365	1	an	an	PRON
cjfa-56736	365	2	,	,	PUNCT
cjfa-56736	365	3	j.	j.	PROPN
cjfa-56736	365	4	,	,	PUNCT
cjfa-56736	365	5	duan	duan	PROPN
cjfa-56736	365	6	,	,	PUNCT
cjfa-56736	365	7	t.	t.	PROPN
cjfa-56736	365	8	,	,	PUNCT
cjfa-56736	365	9	hou	hou	PROPN
cjfa-56736	365	10	,	,	PUNCT
cjfa-56736	365	11	w.	w.	PROPN
cjfa-56736	365	12	,	,	PUNCT
cjfa-56736	365	13	&	&	CCONJ
cjfa-56736	365	14	xu	xu	PROPN
cjfa-56736	365	15	,	,	PUNCT
cjfa-56736	365	16	w.	w.	PROPN
cjfa-56736	365	17	(	(	PUNCT
cjfa-56736	365	18	2019	2019	NUM
cjfa-56736	365	19	)	)	PUNCT
cjfa-56736	365	20	.	.	PUNCT
cjfa-56736	366	1	initial	initial	ADJ
cjfa-56736	366	2	coin	coin	NOUN
cjfa-56736	366	3	offerings	offering	NOUN
cjfa-56736	366	4	and	and	CCONJ
cjfa-56736	366	5	entrepreneurial	entrepreneurial	ADJ
cjfa-56736	366	6	finance	finance	NOUN
cjfa-56736	366	7	:	:	PUNCT
cjfa-56736	366	8	the	the	DET
cjfa-56736	366	9	role	role	NOUN
cjfa-56736	366	10	of	of	ADP
cjfa-56736	366	11	founders	founder	NOUN
cjfa-56736	366	12	.	.	PUNCT
cjfa-56736	367	1	journal	journal	PROPN
cjfa-56736	367	2	of	of	ADP
cjfa-56736	367	3	alternative	alternative	ADJ
cjfa-56736	367	4	investments	investment	NOUN
cjfa-56736	367	5	,	,	PUNCT
cjfa-56736	367	6	21(4	21(4	NUM
cjfa-56736	367	7	)	)	PUNCT
cjfa-56736	367	8	,	,	PUNCT
cjfa-56736	367	9	26	26	NUM
cjfa-56736	367	10	-	-	SYM
cjfa-56736	367	11	40	40	NUM
cjfa-56736	367	12	.	.	PUNCT
cjfa-56736	368	1	https://doi.org/10.3905/jai.2019.1.068	https://doi.org/10.3905/jai.2019.1.068	X
cjfa-56736	368	2	.	.	PUNCT
cjfa-56736	368	3	andrés	andrés	PROPN
cjfa-56736	368	4	,	,	PUNCT
cjfa-56736	368	5	p.	p.	NOUN
cjfa-56736	368	6	,	,	PUNCT
cjfa-56736	368	7	arroyo	arroyo	PROPN
cjfa-56736	368	8	,	,	PUNCT
cjfa-56736	368	9	d.	d.	PROPN
cjfa-56736	368	10	,	,	PUNCT
cjfa-56736	368	11	correia	correia	PROPN
cjfa-56736	368	12	,	,	PUNCT
cjfa-56736	368	13	r.	r.	PROPN
cjfa-56736	368	14	,	,	PUNCT
cjfa-56736	368	15	&	&	CCONJ
cjfa-56736	368	16	rezola	rezola	PROPN
cjfa-56736	368	17	,	,	PUNCT
cjfa-56736	368	18	a.	a.	NOUN
cjfa-56736	368	19	(	(	PUNCT
cjfa-56736	368	20	2022	2022	NUM
cjfa-56736	368	21	)	)	PUNCT
cjfa-56736	368	22	.	.	PUNCT
cjfa-56736	369	1	challenges	challenge	NOUN
cjfa-56736	369	2	of	of	ADP
cjfa-56736	369	3	the	the	DET
cjfa-56736	369	4	market	market	NOUN
cjfa-56736	369	5	for	for	ADP
cjfa-56736	369	6	initial	initial	ADJ
cjfa-56736	369	7	coin	coin	NOUN
cjfa-56736	369	8	offerings	offering	NOUN
cjfa-56736	369	9	.	.	PUNCT
cjfa-56736	370	1	international	international	ADJ
cjfa-56736	370	2	review	review	NOUN
cjfa-56736	370	3	of	of	ADP
cjfa-56736	370	4	financial	financial	ADJ
cjfa-56736	370	5	analysis	analysis	NOUN
cjfa-56736	370	6	,	,	PUNCT
cjfa-56736	370	7	79	79	NUM
cjfa-56736	370	8	,	,	PUNCT
cjfa-56736	370	9	101966	101966	NUM
cjfa-56736	370	10	.	.	PUNCT
cjfa-56736	371	1	https://doi	https://doi	X
cjfa-56736	371	2	.	.	PUNCT
cjfa-56736	371	3	org/10.1016	org/10.1016	PROPN
cjfa-56736	371	4	/	/	SYM
cjfa-56736	371	5	j.irfa.2021.101966	j.irfa.2021.101966	PROPN
cjfa-56736	371	6	.	.	PUNCT
cjfa-56736	372	1	aslan	aslan	PROPN
cjfa-56736	372	2	,	,	PUNCT
cjfa-56736	372	3	a.	a.	PROPN
cjfa-56736	372	4	,	,	PUNCT
cjfa-56736	372	5	şensoy	şensoy	PROPN
cjfa-56736	372	6	,	,	PUNCT
cjfa-56736	372	7	a.	a.	NOUN
cjfa-56736	372	8	,	,	PUNCT
cjfa-56736	372	9	&	&	CCONJ
cjfa-56736	372	10	akdeniz	akdeniz	PROPN
cjfa-56736	372	11	,	,	PUNCT
cjfa-56736	372	12	l.	l.	PROPN
cjfa-56736	372	13	(	(	PUNCT
cjfa-56736	372	14	2023	2023	NUM
cjfa-56736	372	15	)	)	PUNCT
cjfa-56736	372	16	.	.	PUNCT
cjfa-56736	373	1	determinants	determinant	NOUN
cjfa-56736	373	2	of	of	ADP
cjfa-56736	373	3	ico	ico	PROPN
cjfa-56736	373	4	success	success	NOUN
cjfa-56736	373	5	and	and	CCONJ
cjfa-56736	373	6	post	post	ADJ
cjfa-56736	373	7	-	-	ADJ
cjfa-56736	373	8	ico	ico	ADJ
cjfa-56736	373	9	performance	performance	NOUN
cjfa-56736	373	10	.	.	PUNCT
cjfa-56736	374	1	borsa	borsa	PROPN
cjfa-56736	374	2	istanbul	istanbul	PROPN
cjfa-56736	374	3	review	review	PROPN
cjfa-56736	374	4	,	,	PUNCT
cjfa-56736	374	5	23(1	23(1	NOUN
cjfa-56736	374	6	)	)	PUNCT
cjfa-56736	374	7	,	,	PUNCT
cjfa-56736	374	8	217	217	NUM
cjfa-56736	374	9	-	-	SYM
cjfa-56736	374	10	239	239	NUM
cjfa-56736	374	11	.	.	PUNCT
cjfa-56736	375	1	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
cjfa-56736	375	2	.	.	PUNCT
cjfa-56736	376	1	bir.2022.10.005	bir.2022.10.005	NOUN
cjfa-56736	376	2	.	.	PUNCT
cjfa-56736	377	1	bai	bai	PROPN
cjfa-56736	377	2	,	,	PUNCT
cjfa-56736	377	3	y.	y.	PROPN
cjfa-56736	377	4	,	,	PUNCT
cjfa-56736	377	5	&	&	CCONJ
cjfa-56736	377	6	zhang	zhang	PROPN
cjfa-56736	377	7	,	,	PUNCT
cjfa-56736	377	8	b.	b.	PROPN
cjfa-56736	377	9	(	(	PUNCT
cjfa-56736	377	10	2024	2024	NUM
cjfa-56736	377	11	)	)	PUNCT
cjfa-56736	377	12	.	.	PUNCT
cjfa-56736	378	1	fundamental	fundamental	ADJ
cjfa-56736	378	2	analysis	analysis	NOUN
cjfa-56736	378	3	of	of	ADP
cjfa-56736	378	4	initial	initial	ADJ
cjfa-56736	378	5	coin	coin	NOUN
cjfa-56736	378	6	offerings	offering	NOUN
cjfa-56736	378	7	.	.	PUNCT
cjfa-56736	379	1	international	international	ADJ
cjfa-56736	379	2	journal	journal	PROPN
cjfa-56736	379	3	of	of	ADP
cjfa-56736	379	4	finance	finance	PROPN
cjfa-56736	379	5	&	&	CCONJ
cjfa-56736	379	6	economics	economic	NOUN
cjfa-56736	379	7	.	.	PUNCT
cjfa-56736	380	1	https://doi.org/10.1002/ijfe.2948	https://doi.org/10.1002/ijfe.2948	PROPN
cjfa-56736	380	2	.	.	PUNCT
cjfa-56736	380	3	florysiak	florysiak	PROPN
cjfa-56736	380	4	,	,	PUNCT
cjfa-56736	380	5	d.	d.	PROPN
cjfa-56736	380	6	,	,	PUNCT
cjfa-56736	380	7	&	&	CCONJ
cjfa-56736	380	8	schandlbauer	schandlbauer	PROPN
cjfa-56736	380	9	,	,	PUNCT
cjfa-56736	380	10	a.	a.	NOUN
cjfa-56736	380	11	(	(	PUNCT
cjfa-56736	380	12	2022	2022	NUM
cjfa-56736	380	13	)	)	PUNCT
cjfa-56736	380	14	.	.	PUNCT
cjfa-56736	381	1	the	the	DET
cjfa-56736	381	2	information	information	NOUN
cjfa-56736	381	3	content	content	NOUN
cjfa-56736	381	4	of	of	ADP
cjfa-56736	381	5	ico	ico	PROPN
cjfa-56736	381	6	white	white	ADJ
cjfa-56736	381	7	papers	paper	NOUN
cjfa-56736	381	8	.	.	PUNCT
cjfa-56736	382	1	ssrn	ssrn	NOUN
cjfa-56736	382	2	,	,	PUNCT
cjfa-56736	382	3	electronic	electronic	ADJ
cjfa-56736	382	4	journal	journal	NOUN
cjfa-56736	382	5	.	.	PUNCT
cjfa-56736	383	1	https://doi.org/10.2139/ssrn.3265007	https://doi.org/10.2139/ssrn.3265007	ADJ
cjfa-56736	383	2	.	.	PUNCT
cjfa-56736	384	1	fu	fu	PROPN
cjfa-56736	384	2	,	,	PUNCT
cjfa-56736	384	3	c.	c.	PROPN
cjfa-56736	384	4	,	,	PUNCT
cjfa-56736	384	5	koh	koh	PROPN
cjfa-56736	384	6	,	,	PUNCT
cjfa-56736	384	7	a.	a.	PROPN
cjfa-56736	384	8	,	,	PUNCT
cjfa-56736	384	9	&	&	CCONJ
cjfa-56736	384	10	griffin	griffin	PROPN
cjfa-56736	384	11	,	,	PUNCT
cjfa-56736	384	12	p.	p.	NOUN
cjfa-56736	384	13	(	(	PUNCT
cjfa-56736	384	14	2019	2019	NUM
cjfa-56736	384	15	)	)	PUNCT
cjfa-56736	384	16	.	.	PUNCT
cjfa-56736	385	1	automated	automate	VERB
cjfa-56736	385	2	theme	theme	NOUN
cjfa-56736	385	3	search	search	NOUN
cjfa-56736	385	4	in	in	ADP
cjfa-56736	385	5	ico	ico	PROPN
cjfa-56736	385	6	whitepapers	whitepaper	NOUN
cjfa-56736	385	7	.	.	PUNCT
cjfa-56736	386	1	journal	journal	PROPN
cjfa-56736	386	2	of	of	ADP
cjfa-56736	386	3	finance	finance	NOUN
cjfa-56736	386	4	and	and	CCONJ
cjfa-56736	386	5	data	datum	NOUN
cjfa-56736	386	6	science	science	NOUN
cjfa-56736	386	7	,	,	PUNCT
cjfa-56736	386	8	1(4	1(4	NUM
cjfa-56736	386	9	)	)	PUNCT
cjfa-56736	386	10	,	,	PUNCT
cjfa-56736	386	11	140	140	NUM
cjfa-56736	386	12	-	-	SYM
cjfa-56736	386	13	158	158	NUM
cjfa-56736	386	14	.	.	PUNCT
cjfa-56736	387	1	https://doi.org/10.3905/jfds.2019.1.011	https://doi.org/10.3905/jfds.2019.1.011	NOUN
cjfa-56736	387	2	.	.	PUNCT
cjfa-56736	388	1	kuppuswamy	kuppuswamy	PROPN
cjfa-56736	388	2	,	,	PUNCT
cjfa-56736	388	3	v.	v.	ADV
cjfa-56736	388	4	,	,	PUNCT
cjfa-56736	388	5	&	&	CCONJ
cjfa-56736	388	6	bayus	bayus	PROPN
cjfa-56736	388	7	,	,	PUNCT
cjfa-56736	388	8	b.l	b.l	PROPN
cjfa-56736	388	9	.	.	PROPN
cjfa-56736	388	10	(	(	PUNCT
cjfa-56736	388	11	2018	2018	NUM
cjfa-56736	388	12	)	)	PUNCT
cjfa-56736	388	13	.	.	PUNCT
cjfa-56736	389	1	crowdfunding	crowdfunde	VERB
cjfa-56736	389	2	creative	creative	ADJ
cjfa-56736	389	3	ideas	idea	NOUN
cjfa-56736	389	4	:	:	PUNCT
cjfa-56736	389	5	the	the	DET
cjfa-56736	389	6	dynamics	dynamic	NOUN
cjfa-56736	389	7	of	of	ADP
cjfa-56736	389	8	project	project	NOUN
cjfa-56736	389	9	backers	backer	NOUN
cjfa-56736	389	10	.	.	PUNCT
cjfa-56736	390	1	in	in	ADP
cjfa-56736	390	2	:	:	PUNCT
cjfa-56736	390	3	cumming	cumme	VERB
cjfa-56736	390	4	,	,	PUNCT
cjfa-56736	390	5	d.	d.	PROPN
cjfa-56736	390	6	,	,	PUNCT
cjfa-56736	390	7	hornuf	hornuf	PROPN
cjfa-56736	390	8	,	,	PUNCT
cjfa-56736	390	9	l.	l.	PROPN
cjfa-56736	390	10	(	(	PUNCT
cjfa-56736	390	11	eds	eds	PROPN
cjfa-56736	390	12	.	.	PUNCT
cjfa-56736	390	13	)	)	PUNCT
cjfa-56736	390	14	.	.	PUNCT
cjfa-56736	391	1	the	the	DET
cjfa-56736	391	2	economics	economic	NOUN
cjfa-56736	391	3	of	of	ADP
cjfa-56736	391	4	crowdfunding	crowdfunding	NOUN
cjfa-56736	391	5	.	.	PUNCT
cjfa-56736	392	1	palgrave	palgrave	PROPN
cjfa-56736	392	2	macmillan	macmillan	PROPN
cjfa-56736	392	3	,	,	PUNCT
cjfa-56736	392	4	cham	cham	PROPN
cjfa-56736	392	5	.	.	PUNCT
cjfa-56736	393	1	https://doi.org/10.1007/978-3-319-66119-3_8	https://doi.org/10.1007/978-3-319-66119-3_8	PROPN
cjfa-56736	393	2	.	.	PUNCT
cjfa-56736	394	1	lyandres	lyandres	PROPN
cjfa-56736	394	2	,	,	PUNCT
cjfa-56736	394	3	e.	e.	PROPN
cjfa-56736	394	4	,	,	PUNCT
cjfa-56736	394	5	palazzo	palazzo	PROPN
cjfa-56736	394	6	,	,	PUNCT
cjfa-56736	394	7	b.	b.	PROPN
cjfa-56736	394	8	,	,	PUNCT
cjfa-56736	394	9	&	&	CCONJ
cjfa-56736	394	10	rabetti	rabetti	PROPN
cjfa-56736	394	11	,	,	PUNCT
cjfa-56736	394	12	d.	d.	PROPN
cjfa-56736	394	13	(	(	PUNCT
cjfa-56736	394	14	2022	2022	NUM
cjfa-56736	394	15	)	)	PUNCT
cjfa-56736	394	16	.	.	PUNCT
cjfa-56736	395	1	initial	initial	ADJ
cjfa-56736	395	2	coin	coin	NOUN
cjfa-56736	395	3	offering	offering	NOUN
cjfa-56736	395	4	(	(	PUNCT
cjfa-56736	395	5	ico	ico	NOUN
cjfa-56736	395	6	)	)	PUNCT
cjfa-56736	395	7	success	success	NOUN
cjfa-56736	395	8	and	and	CCONJ
cjfa-56736	395	9	post	post	ADJ
cjfa-56736	395	10	-	-	ADJ
cjfa-56736	395	11	ico	ico	ADJ
cjfa-56736	395	12	performance	performance	NOUN
cjfa-56736	395	13	.	.	PUNCT
cjfa-56736	396	1	management	management	NOUN
cjfa-56736	396	2	science	science	NOUN
cjfa-56736	396	3	,	,	PUNCT
cjfa-56736	396	4	68(12	68(12	NUM
cjfa-56736	396	5	)	)	PUNCT
cjfa-56736	396	6	.	.	PUNCT
cjfa-56736	397	1	https://doi.org/10.1287/	https://doi.org/10.1287/	PROPN
cjfa-56736	397	2	mnsc.2022.4312	mnsc.2022.4312	PROPN
cjfa-56736	397	3	.	.	PUNCT
cjfa-56736	397	4	momtaz	momtaz	NOUN
cjfa-56736	397	5	,	,	PUNCT
cjfa-56736	397	6	p.p	p.p	PROPN
cjfa-56736	397	7	.	.	PROPN
cjfa-56736	397	8	(	(	PUNCT
cjfa-56736	397	9	2019	2019	NUM
cjfa-56736	397	10	)	)	PUNCT
cjfa-56736	397	11	.	.	PUNCT
cjfa-56736	398	1	token	token	VERB
cjfa-56736	398	2	sales	sale	NOUN
cjfa-56736	398	3	and	and	CCONJ
cjfa-56736	398	4	initial	initial	ADJ
cjfa-56736	398	5	coin	coin	NOUN
cjfa-56736	398	6	offerings	offering	NOUN
cjfa-56736	398	7	:	:	PUNCT
cjfa-56736	398	8	introduction	introduction	NOUN
cjfa-56736	398	9	.	.	PUNCT
cjfa-56736	399	1	the	the	DET
cjfa-56736	399	2	journal	journal	NOUN
cjfa-56736	399	3	of	of	ADP
cjfa-56736	399	4	alternative	alternative	ADJ
cjfa-56736	399	5	investments	investment	NOUN
cjfa-56736	399	6	,	,	PUNCT
cjfa-56736	399	7	21	21	NUM
cjfa-56736	399	8	,	,	PUNCT
cjfa-56736	399	9	7	7	NUM
cjfa-56736	399	10	–	–	PUNCT
cjfa-56736	399	11	12	12	NUM
cjfa-56736	399	12	,	,	PUNCT
cjfa-56736	399	13	https://doi.org/	https://doi.org/	NOUN
cjfa-56736	399	14	10.3905	10.3905	NUM
cjfa-56736	399	15	/	/	SYM
cjfa-56736	399	16	jai.2019.21.4.007	jai.2019.21.4.007	NOUN
cjfa-56736	399	17	.	.	PUNCT
cjfa-56736	399	18	momtaz	momtaz	PROPN
cjfa-56736	399	19	,	,	PUNCT
cjfa-56736	399	20	p.p	p.p	PROPN
cjfa-56736	399	21	.	.	PROPN
cjfa-56736	399	22	(	(	PUNCT
cjfa-56736	399	23	2020	2020	NUM
cjfa-56736	399	24	)	)	PUNCT
cjfa-56736	399	25	.	.	PUNCT
cjfa-56736	400	1	initial	initial	ADJ
cjfa-56736	400	2	coin	coin	NOUN
cjfa-56736	400	3	offerings	offering	NOUN
cjfa-56736	400	4	,	,	PUNCT
cjfa-56736	400	5	asymmetric	asymmetric	ADJ
cjfa-56736	400	6	information	information	NOUN
cjfa-56736	400	7	,	,	PUNCT
cjfa-56736	400	8	and	and	CCONJ
cjfa-56736	400	9	loyal	loyal	ADJ
cjfa-56736	400	10	ceos	ceo	NOUN
cjfa-56736	400	11	.	.	PUNCT
cjfa-56736	401	1	small	small	ADJ
cjfa-56736	401	2	business	business	NOUN
cjfa-56736	401	3	economics	economic	NOUN
cjfa-56736	401	4	,	,	PUNCT
cjfa-56736	401	5	57(2	57(2	NUM
cjfa-56736	401	6	)	)	PUNCT
cjfa-56736	401	7	,	,	PUNCT
cjfa-56736	401	8	975	975	NUM
cjfa-56736	401	9	-	-	SYM
cjfa-56736	401	10	997	997	NUM
cjfa-56736	401	11	.	.	PUNCT
cjfa-56736	402	1	https://doi.org/10.1007/s11187-02000335-x	https://doi.org/10.1007/s11187-02000335-x	PROPN
cjfa-56736	402	2	.	.	PUNCT
cjfa-56736	403	1	wang	wang	PROPN
cjfa-56736	403	2	,	,	PUNCT
cjfa-56736	403	3	y.	y.	PROPN
cjfa-56736	403	4	,	,	PUNCT
cjfa-56736	403	5	fisch	fisch	PROPN
cjfa-56736	403	6	,	,	PUNCT
cjfa-56736	403	7	c.	c.	PROPN
cjfa-56736	403	8	,	,	PUNCT
cjfa-56736	403	9	&	&	CCONJ
cjfa-56736	403	10	momtaz	momtaz	PROPN
cjfa-56736	403	11	,	,	PUNCT
cjfa-56736	403	12	p.p	p.p	PROPN
cjfa-56736	403	13	.	.	PROPN
cjfa-56736	403	14	(	(	PUNCT
cjfa-56736	403	15	2020	2020	NUM
cjfa-56736	403	16	)	)	PUNCT
cjfa-56736	403	17	.	.	PUNCT
cjfa-56736	404	1	does	do	AUX
cjfa-56736	404	2	soft	soft	ADJ
cjfa-56736	404	3	information	information	NOUN
cjfa-56736	404	4	in	in	ADP
cjfa-56736	404	5	expert	expert	NOUN
cjfa-56736	404	6	ratings	rating	NOUN
cjfa-56736	404	7	curb	curb	VERB
cjfa-56736	404	8	information	information	NOUN
cjfa-56736	404	9	asymmetry	asymmetry	NOUN
cjfa-56736	404	10	?	?	PUNCT
cjfa-56736	405	1	evidence	evidence	NOUN
cjfa-56736	405	2	from	from	ADP
cjfa-56736	405	3	crowdfunding	crowdfunde	VERB
cjfa-56736	405	4	and	and	CCONJ
cjfa-56736	405	5	early	early	ADJ
cjfa-56736	405	6	transaction	transaction	NOUN
cjfa-56736	405	7	https://doi.org/10.1016/j.jeconbus.2018.04.001	https://doi.org/10.1016/j.jeconbus.2018.04.001	PROPN
cjfa-56736	405	8	https://doi.org/10.1016/j.irfa.2021.101966	https://doi.org/10.1016/j.irfa.2021.101966	NOUN
cjfa-56736	405	9	https://doi.org/10.1016/j.irfa.2021.101966	https://doi.org/10.1016/j.irfa.2021.101966	PROPN
cjfa-56736	405	10	https://www.sciencedirect.com/author/55761876000/ahmet-sensoy	https://www.sciencedirect.com/author/55761876000/ahmet-sensoy	PROPN
cjfa-56736	405	11	https://www.sciencedirect.com/journal/borsa-istanbul-review	https://www.sciencedirect.com/journal/borsa-istanbul-review	AUX
cjfa-56736	405	12	https://doi.org/10.1016/j.bir.2022.10.005	https://doi.org/10.1016/j.bir.2022.10.005	VERB
cjfa-56736	405	13	https://doi.org/10.1016/j.bir.2022.10.005	https://doi.org/10.1016/j.bir.2022.10.005	VERB
cjfa-56736	405	14	https://scholar.google.com/citations?user=ks1ohikaaaaj&hl=fr&oi=sra	https://scholar.google.com/citations?user=ks1ohikaaaaj&hl=fr&oi=sra	NOUN
cjfa-56736	405	15	https://onlinelibrary.wiley.com/doi/abs/10.1002/ijfe.2948	https://onlinelibrary.wiley.com/doi/abs/10.1002/ijfe.2948	VERB
cjfa-56736	405	16	https://doi.org/10.1002/ijfe.2948	https://doi.org/10.1002/ijfe.2948	X
cjfa-56736	405	17	https://doi.org/10.2139/ssrn.3265007	https://doi.org/10.2139/ssrn.3265007	ADJ
cjfa-56736	405	18	https://doi.org/10.1007/978-3-319-66119-3_8	https://doi.org/10.1007/978-3-319-66119-3_8	NOUN
cjfa-56736	405	19	https://doi.org/10.1007/s11187-020-00335-x	https://doi.org/10.1007/s11187-020-00335-x	NOUN
cjfa-56736	405	20	https://doi.org/10.1007/s11187-020-00335-x	https://doi.org/10.1007/s11187-020-00335-x	NOUN
cjfa-56736	405	21	study	study	NOUN
cjfa-56736	405	22	of	of	ADP
cjfa-56736	405	23	the	the	DET
cjfa-56736	405	24	performance	performance	NOUN
cjfa-56736	405	25	and	and	CCONJ
cjfa-56736	405	26	determinants	determinant	NOUN
cjfa-56736	405	27	…	…	PUNCT
cjfa-56736	405	28	2727	2727	NUM
cjfa-56736	405	29	phases	phase	NOUN
cjfa-56736	405	30	of	of	ADP
cjfa-56736	405	31	initial	initial	ADJ
cjfa-56736	405	32	coin	coin	NOUN
cjfa-56736	405	33	offerings	offering	NOUN
cjfa-56736	405	34	.	.	PUNCT
cjfa-56736	406	1	journal	journal	NOUN
cjfa-56736	406	2	of	of	ADP
cjfa-56736	406	3	business	business	NOUN
cjfa-56736	406	4	finance	finance	PROPN
cjfa-56736	406	5	&	&	CCONJ
cjfa-56736	406	6	accounting	accounting	PROPN
cjfa-56736	406	7	,	,	PUNCT
cjfa-56736	406	8	47(1	47(1	NOUN
cjfa-56736	406	9	-	-	SYM
cjfa-56736	406	10	2	2	NUM
cjfa-56736	406	11	)	)	PUNCT
cjfa-56736	406	12	,	,	PUNCT
cjfa-56736	406	13	226	226	NUM
cjfa-56736	406	14	-	-	SYM
cjfa-56736	406	15	254	254	NUM
cjfa-56736	406	16	.	.	PUNCT
cjfa-56736	407	1	https://doi.org/10.1111/jbfa.12428	https://doi.org/10.1111/jbfa.12428	NOUN
cjfa-56736	407	2	.	.	PUNCT
cjfa-56736	408	1	wats	wat	NOUN
cjfa-56736	408	2	,	,	PUNCT
cjfa-56736	408	3	s.	s.	PROPN
cjfa-56736	408	4	,	,	PUNCT
cjfa-56736	408	5	joshi	joshi	PROPN
cjfa-56736	408	6	,	,	PUNCT
cjfa-56736	408	7	m.	m.	NOUN
cjfa-56736	408	8	,	,	PUNCT
cjfa-56736	408	9	&	&	CCONJ
cjfa-56736	408	10	singh	singh	PROPN
cjfa-56736	408	11	,	,	PUNCT
cjfa-56736	408	12	s.	s.	PROPN
cjfa-56736	408	13	,	,	PUNCT
cjfa-56736	408	14	(	(	PUNCT
cjfa-56736	408	15	2024	2024	NUM
cjfa-56736	408	16	)	)	PUNCT
cjfa-56736	408	17	.	.	PUNCT
cjfa-56736	409	1	initial	initial	ADJ
cjfa-56736	409	2	coin	coin	NOUN
cjfa-56736	409	3	offerings	offering	NOUN
cjfa-56736	409	4	:	:	PUNCT
cjfa-56736	409	5	current	current	ADJ
cjfa-56736	409	6	trends	trend	NOUN
cjfa-56736	409	7	and	and	CCONJ
cjfa-56736	409	8	future	future	ADJ
cjfa-56736	409	9	research	research	NOUN
cjfa-56736	409	10	directions	direction	NOUN
cjfa-56736	409	11	.	.	PUNCT
cjfa-56736	410	1	quality	quality	NOUN
cjfa-56736	410	2	&	&	CCONJ
cjfa-56736	410	3	quantity	quantity	NOUN
cjfa-56736	410	4	,	,	PUNCT
cjfa-56736	410	5	58	58	NUM
cjfa-56736	410	6	,	,	PUNCT
cjfa-56736	410	7	1361–1387	1361–1387	NUM
cjfa-56736	410	8	.	.	PUNCT
cjfa-56736	411	1	https://doi.org/10.1007/	https://doi.org/10.1007/	PROPN
cjfa-56736	411	2	s11135	s11135	PROPN
cjfa-56736	411	3	-	-	PUNCT
cjfa-56736	411	4	023	023	NUM
cjfa-56736	411	5	-	-	PUNCT
cjfa-56736	411	6	01701	01701	NUM
cjfa-56736	411	7	-	-	PUNCT
cjfa-56736	411	8	z.	z.	PROPN
cjfa-56736	411	9	wisniewska	wisniewska	PROPN
cjfa-56736	411	10	,	,	PUNCT
cjfa-56736	411	11	a.	a.	NOUN
cjfa-56736	411	12	(	(	PUNCT
cjfa-56736	411	13	2018	2018	NUM
cjfa-56736	411	14	)	)	PUNCT
cjfa-56736	411	15	.	.	PUNCT
cjfa-56736	412	1	the	the	DET
cjfa-56736	412	2	initial	initial	ADJ
cjfa-56736	412	3	coin	coin	NOUN
cjfa-56736	412	4	offering	offering	NOUN
cjfa-56736	412	5	–	–	PUNCT
cjfa-56736	412	6	challenges	challenge	NOUN
cjfa-56736	412	7	and	and	CCONJ
cjfa-56736	412	8	opportunities	opportunity	NOUN
cjfa-56736	412	9	.	.	PUNCT
cjfa-56736	413	1	copernican	copernican	PROPN
cjfa-56736	413	2	journal	journal	PROPN
cjfa-56736	413	3	of	of	ADP
cjfa-56736	413	4	finance	finance	PROPN
cjfa-56736	413	5	&	&	CCONJ
cjfa-56736	413	6	accounting	accounting	PROPN
cjfa-56736	413	7	,	,	PUNCT
cjfa-56736	413	8	7(2	7(2	NUM
cjfa-56736	413	9	)	)	PUNCT
cjfa-56736	413	10	,	,	PUNCT
cjfa-56736	413	11	99	99	NUM
cjfa-56736	413	12	-	-	SYM
cjfa-56736	413	13	110	110	NUM
cjfa-56736	413	14	.	.	PUNCT
cjfa-56736	414	1	https://doi.org/10.12775/	https://doi.org/10.12775/	PROPN
cjfa-56736	414	2	cjfa.2018.011	cjfa.2018.011	PROPN
cjfa-56736	414	3	.	.	PUNCT
cjfa-56736	415	1	zhang	zhang	PROPN
cjfa-56736	415	2	,	,	PUNCT
cjfa-56736	415	3	a.r	a.r	PROPN
cjfa-56736	415	4	.	.	PROPN
cjfa-56736	415	5	,	,	PUNCT
cjfa-56736	415	6	raveenthiran	raveenthiran	NOUN
cjfa-56736	415	7	,	,	PUNCT
cjfa-56736	415	8	a.	a.	NOUN
cjfa-56736	415	9	,	,	PUNCT
cjfa-56736	415	10	mukai	mukai	PROPN
cjfa-56736	415	11	.	.	PROPN
cjfa-56736	415	12	,	,	PUNCT
cjfa-56736	415	13	j.	j.	PROPN
cjfa-56736	415	14	,	,	PUNCT
cjfa-56736	415	15	naeem	naeem	PROPN
cjfa-56736	415	16	,	,	PUNCT
cjfa-56736	415	17	r.	r.	PROPN
cjfa-56736	415	18	,	,	PUNCT
cjfa-56736	415	19	dhuna	dhuna	PROPN
cjfa-56736	415	20	,	,	PUNCT
cjfa-56736	415	21	a.	a.	PROPN
cjfa-56736	415	22	,	,	PUNCT
cjfa-56736	415	23	parveen	parveen	PROPN
cjfa-56736	415	24	,	,	PUNCT
cjfa-56736	415	25	z.	z.	PROPN
cjfa-56736	415	26	,	,	PUNCT
cjfa-56736	415	27	&	&	CCONJ
cjfa-56736	415	28	kim	kim	PROPN
cjfa-56736	415	29	,	,	PUNCT
cjfa-56736	415	30	h.	h.	PROPN
cjfa-56736	415	31	(	(	PUNCT
cjfa-56736	415	32	2019	2019	NUM
cjfa-56736	415	33	)	)	PUNCT
cjfa-56736	415	34	.	.	PUNCT
cjfa-56736	416	1	the	the	DET
cjfa-56736	416	2	regulation	regulation	NOUN
cjfa-56736	416	3	paradox	paradox	NOUN
cjfa-56736	416	4	of	of	ADP
cjfa-56736	416	5	initial	initial	ADJ
cjfa-56736	416	6	coin	coin	NOUN
cjfa-56736	416	7	offerings	offering	NOUN
cjfa-56736	416	8	:	:	PUNCT
cjfa-56736	416	9	a	a	DET
cjfa-56736	416	10	case	case	NOUN
cjfa-56736	416	11	study	study	NOUN
cjfa-56736	416	12	approach	approach	NOUN
cjfa-56736	416	13	.	.	PUNCT
cjfa-56736	417	1	frontiers	frontier	NOUN
cjfa-56736	417	2	in	in	ADP
cjfa-56736	417	3	blockchain	blockchain	PROPN
cjfa-56736	417	4	,	,	PUNCT
cjfa-56736	417	5	2	2	NUM
cjfa-56736	417	6	.	.	PUNCT
cjfa-56736	418	1	https://doi.org/10.3389/fbloc.2019.00002	https://doi.org/10.3389/fbloc.2019.00002	PROPN
cjfa-56736	418	2	.	.	PUNCT
cjfa-56736	419	1	https://scholar.google.com/citations?user=mducpnaaaaaj&hl=fr&oi=sra	https://scholar.google.com/citations?user=mducpnaaaaaj&hl=fr&oi=sra	ADJ
cjfa-56736	419	2	https://scholar.google.com/citations?user=x-l00boaaaaj&hl=fr&oi=sra	https://scholar.google.com/citations?user=x-l00boaaaaj&hl=fr&oi=sra	ADJ
cjfa-56736	419	3	https://link.springer.com/article/10.1007/s11135-023-01701-z	https://link.springer.com/article/10.1007/s11135-023-01701-z	NOUN
cjfa-56736	419	4	https://link.springer.com/article/10.1007/s11135-023-01701-z	https://link.springer.com/article/10.1007/s11135-023-01701-z	NOUN
cjfa-56736	419	5	http://dx.doi.org/10.1007/s11135-023-01701-z	http://dx.doi.org/10.1007/s11135-023-01701-z	NOUN
cjfa-56736	419	6	http://dx.doi.org/10.1007/s11135-023-01701-z	http://dx.doi.org/10.1007/s11135-023-01701-z	NOUN
cjfa-56736	420	1	https://doi.org/10.3389/fbloc.2019.00002	https://doi.org/10.3389/fbloc.2019.00002	PROPN