id	sid	tid	token	lemma	pos
cjfa-59255	1	1	111111copernican	111111copernican	NUM
cjfa-59255	1	2	journal	journal	NOUN
cjfa-59255	1	3	of	of	ADP
cjfa-59255	1	4	finance	finance	PROPN
cjfa-59255	1	5	&	&	CCONJ
cjfa-59255	1	6	accounting	accounting	PROPN
cjfa-59255	1	7	e	e	PROPN
cjfa-59255	1	8	-	-	PROPN
cjfa-59255	1	9	issn	issn	PROPN
cjfa-59255	1	10	2300	2300	NUM
cjfa-59255	1	11	-	-	SYM
cjfa-59255	1	12	3065	3065	NUM
cjfa-59255	1	13	p	p	PROPN
cjfa-59255	1	14	-	-	PUNCT
cjfa-59255	1	15	issn	issn	PROPN
cjfa-59255	1	16	2300	2300	NUM
cjfa-59255	1	17	-	-	SYM
cjfa-59255	1	18	12402024	12402024	NUM
cjfa-59255	1	19	,	,	PUNCT
cjfa-59255	1	20	volume	volume	NOUN
cjfa-59255	1	21	13	13	NUM
cjfa-59255	1	22	,	,	PUNCT
cjfa-59255	1	23	issue	issue	VERB
cjfa-59255	1	24	4	4	NUM
cjfa-59255	1	25	date	date	NOUN
cjfa-59255	1	26	of	of	ADP
cjfa-59255	1	27	submission	submission	NOUN
cjfa-59255	1	28	:	:	PUNCT
cjfa-59255	1	29	november	november	PROPN
cjfa-59255	1	30	6	6	NUM
cjfa-59255	1	31	,	,	PUNCT
cjfa-59255	1	32	2024	2024	NUM
cjfa-59255	1	33	;	;	PUNCT
cjfa-59255	1	34	date	date	NOUN
cjfa-59255	1	35	of	of	ADP
cjfa-59255	1	36	acceptance	acceptance	NOUN
cjfa-59255	1	37	:	:	PUNCT
cjfa-59255	1	38	december	december	PROPN
cjfa-59255	1	39	20	20	NUM
cjfa-59255	1	40	,	,	PUNCT
cjfa-59255	1	41	2024	2024	NUM
cjfa-59255	1	42	.	.	PUNCT
cjfa-59255	2	1	*	*	PUNCT
cjfa-59255	2	2	contact	contact	NOUN
cjfa-59255	2	3	information	information	NOUN
cjfa-59255	2	4	:	:	PUNCT
cjfa-59255	2	5	geeta.singh25august@gmail.com	geeta.singh25august@gmail.com	PROPN
cjfa-59255	2	6	,	,	PUNCT
cjfa-59255	2	7	ibs	ibs	PROPN
cjfa-59255	2	8	hyderabad	hyderabad	PROPN
cjfa-59255	2	9	(	(	PUNCT
cjfa-59255	2	10	icfai	icfai	NOUN
cjfa-59255	2	11	foundation	foundation	NOUN
cjfa-59255	2	12	for	for	ADP
cjfa-59255	2	13	higher	high	ADJ
cjfa-59255	2	14	education	education	NOUN
cjfa-59255	2	15	)	)	PUNCT
cjfa-59255	2	16	,	,	PUNCT
cjfa-59255	2	17	hyderabad	hyderabad	PROPN
cjfa-59255	2	18	,	,	PUNCT
cjfa-59255	2	19	india	india	PROPN
cjfa-59255	2	20	,	,	PUNCT
cjfa-59255	2	21	phone	phone	NOUN
cjfa-59255	2	22	:	:	PUNCT
cjfa-59255	2	23	8096508380	8096508380	NUM
cjfa-59255	2	24	;	;	PUNCT
cjfa-59255	2	25	orcid	orcid	NOUN
cjfa-59255	3	1	i	i	NOUN
cjfa-59255	3	2	d	d	PROPN
cjfa-59255	3	3	:	:	PUNCT
cjfa-59255	3	4	https://orcid.org/0000-0002-1210-2229	https://orcid.org/0000-0002-1210-2229	X
cjfa-59255	3	5	.	.	PUNCT
cjfa-59255	4	1	singh	singh	PROPN
cjfa-59255	4	2	,	,	PUNCT
cjfa-59255	4	3	g.	g.	PROPN
cjfa-59255	4	4	(	(	PUNCT
cjfa-59255	4	5	2024	2024	NUM
cjfa-59255	4	6	)	)	PUNCT
cjfa-59255	4	7	.	.	PUNCT
cjfa-59255	5	1	do	do	AUX
cjfa-59255	5	2	foreign	foreign	ADJ
cjfa-59255	5	3	institutional	institutional	ADJ
cjfa-59255	5	4	investors	investor	NOUN
cjfa-59255	5	5	impact	impact	VERB
cjfa-59255	5	6	compliance	compliance	NOUN
cjfa-59255	5	7	with	with	ADP
cjfa-59255	5	8	csr	csr	NOUN
cjfa-59255	5	9	expenditure	expenditure	NOUN
cjfa-59255	5	10	regulation	regulation	NOUN
cjfa-59255	5	11	?	?	PUNCT
cjfa-59255	6	1	evidence	evidence	NOUN
cjfa-59255	6	2	from	from	ADP
cjfa-59255	6	3	india	india	PROPN
cjfa-59255	6	4	.	.	PUNCT
cjfa-59255	7	1	copernican	copernican	PROPN
cjfa-59255	7	2	journal	journal	PROPN
cjfa-59255	7	3	of	of	ADP
cjfa-59255	7	4	finance	finance	PROPN
cjfa-59255	7	5	&	&	CCONJ
cjfa-59255	7	6	accounting	accounting	PROPN
cjfa-59255	7	7	,	,	PUNCT
cjfa-59255	7	8	13(4	13(4	NUM
cjfa-59255	7	9	)	)	PUNCT
cjfa-59255	7	10	,	,	PUNCT
cjfa-59255	7	11	111–127	111–127	NUM
cjfa-59255	7	12	.	.	PUNCT
cjfa-59255	8	1	http://dx.doi.org/10.12775/cjfa.2024.020	http://dx.doi.org/10.12775/cjfa.2024.020	AUX
cjfa-59255	8	2	geeta	geeta	PROPN
cjfa-59255	8	3	singh	singh	PROPN
cjfa-59255	8	4	*	*	PROPN
cjfa-59255	8	5	ibs	ibs	PROPN
cjfa-59255	8	6	hyderabad	hyderabad	PROPN
cjfa-59255	8	7	do	do	VERB
cjfa-59255	8	8	foreign	foreign	ADJ
cjfa-59255	8	9	institutional	institutional	ADJ
cjfa-59255	8	10	investors	investor	NOUN
cjfa-59255	8	11	impact	impact	VERB
cjfa-59255	8	12	compliance	compliance	NOUN
cjfa-59255	8	13	with	with	ADP
cjfa-59255	8	14	csr	csr	NOUN
cjfa-59255	8	15	expenditure	expenditure	NOUN
cjfa-59255	8	16	regulation	regulation	NOUN
cjfa-59255	8	17	?	?	PUNCT
cjfa-59255	9	1	evidence	evidence	NOUN
cjfa-59255	9	2	from	from	ADP
cjfa-59255	9	3	india	india	PROPN
cjfa-59255	9	4	keywords	keyword	NOUN
cjfa-59255	9	5	:	:	PUNCT
cjfa-59255	9	6	foreign	foreign	ADJ
cjfa-59255	9	7	institutional	institutional	ADJ
cjfa-59255	9	8	investors	investor	NOUN
cjfa-59255	9	9	,	,	PUNCT
cjfa-59255	9	10	csr	csr	NOUN
cjfa-59255	9	11	,	,	PUNCT
cjfa-59255	9	12	business	business	NOUN
cjfa-59255	9	13	groups	group	NOUN
cjfa-59255	9	14	,	,	PUNCT
cjfa-59255	9	15	agency	agency	NOUN
cjfa-59255	9	16	problem	problem	NOUN
cjfa-59255	9	17	,	,	PUNCT
cjfa-59255	9	18	india	india	PROPN
cjfa-59255	9	19	.	.	PUNCT
cjfa-59255	10	1	j	j	PROPN
cjfa-59255	10	2	e	e	PROPN
cjfa-59255	10	3	l	l	NOUN
cjfa-59255	10	4	classification	classification	NOUN
cjfa-59255	10	5	:	:	PUNCT
cjfa-59255	11	1	g380	g380	PROPN
cjfa-59255	11	2	,	,	PUNCT
cjfa-59255	11	3	g390	g390	PROPN
cjfa-59255	11	4	,	,	PUNCT
cjfa-59255	11	5	g320	g320	PROPN
cjfa-59255	11	6	,	,	PUNCT
cjfa-59255	11	7	m140	m140	PROPN
cjfa-59255	11	8	.	.	PUNCT
cjfa-59255	11	9	abstract	abstract	NOUN
cjfa-59255	11	10	:	:	PUNCT
cjfa-59255	11	11	the	the	DET
cjfa-59255	11	12	paper	paper	NOUN
cjfa-59255	11	13	examines	examine	VERB
cjfa-59255	11	14	the	the	DET
cjfa-59255	11	15	impact	impact	NOUN
cjfa-59255	11	16	of	of	ADP
cjfa-59255	11	17	foreign	foreign	ADJ
cjfa-59255	11	18	institutional	institutional	ADJ
cjfa-59255	11	19	investors	investor	NOUN
cjfa-59255	11	20	’	'	PUNCT
cjfa-59255	11	21	(	(	PUNCT
cjfa-59255	11	22	fiis	fiis	NOUN
cjfa-59255	11	23	)	)	PUNCT
cjfa-59255	11	24	equity	equity	NOUN
cjfa-59255	11	25	holding	hold	VERB
cjfa-59255	11	26	on	on	ADP
cjfa-59255	11	27	the	the	DET
cjfa-59255	11	28	non	non	NOUN
cjfa-59255	11	29	-	-	NOUN
cjfa-59255	11	30	compliance	compliance	NOUN
cjfa-59255	11	31	with	with	ADP
cjfa-59255	11	32	the	the	DET
cjfa-59255	11	33	mandatory	mandatory	ADJ
cjfa-59255	11	34	csr	csr	NOUN
cjfa-59255	11	35	expenditure	expenditure	NOUN
cjfa-59255	11	36	of	of	ADP
cjfa-59255	11	37	the	the	DET
cjfa-59255	11	38	indian	indian	ADJ
cjfa-59255	11	39	firms	firm	NOUN
cjfa-59255	11	40	from	from	ADP
cjfa-59255	11	41	2016	2016	NUM
cjfa-59255	11	42	to	to	ADP
cjfa-59255	11	43	2020	2020	NUM
cjfa-59255	11	44	.	.	PUNCT
cjfa-59255	12	1	using	use	VERB
cjfa-59255	12	2	a	a	DET
cjfa-59255	12	3	sample	sample	NOUN
cjfa-59255	12	4	of	of	ADP
cjfa-59255	12	5	1,423	1,423	NUM
cjfa-59255	12	6	listed	list	VERB
cjfa-59255	12	7	firms	firm	NOUN
cjfa-59255	12	8	,	,	PUNCT
cjfa-59255	12	9	we	we	PRON
cjfa-59255	12	10	employ	employ	VERB
cjfa-59255	12	11	ols	ol	NOUN
cjfa-59255	12	12	and	and	CCONJ
cjfa-59255	12	13	logit	logit	PROPN
cjfa-59255	12	14	regression	regression	NOUN
cjfa-59255	12	15	models	model	NOUN
cjfa-59255	12	16	to	to	PART
cjfa-59255	12	17	establish	establish	VERB
cjfa-59255	12	18	that	that	SCONJ
cjfa-59255	12	19	an	an	DET
cjfa-59255	12	20	increase	increase	NOUN
cjfa-59255	12	21	in	in	ADP
cjfa-59255	12	22	the	the	DET
cjfa-59255	12	23	fiis	fiis	NOUN
cjfa-59255	12	24	reduces	reduce	VERB
cjfa-59255	12	25	the	the	DET
cjfa-59255	12	26	extent	extent	NOUN
cjfa-59255	12	27	of	of	ADP
cjfa-59255	12	28	non	non	NOUN
cjfa-59255	12	29	-	-	NOUN
cjfa-59255	12	30	compliance	compliance	NOUN
cjfa-59255	12	31	with	with	ADP
cjfa-59255	12	32	mandatory	mandatory	ADJ
cjfa-59255	12	33	csr	csr	NOUN
cjfa-59255	12	34	expenditure	expenditure	NOUN
cjfa-59255	12	35	and	and	CCONJ
cjfa-59255	12	36	the	the	DET
cjfa-59255	12	37	likelihood	likelihood	NOUN
cjfa-59255	12	38	of	of	ADP
cjfa-59255	12	39	such	such	ADJ
cjfa-59255	12	40	noncompliance	noncompliance	NOUN
cjfa-59255	12	41	.	.	PUNCT
cjfa-59255	13	1	findings	finding	NOUN
cjfa-59255	13	2	of	of	ADP
cjfa-59255	13	3	the	the	DET
cjfa-59255	13	4	study	study	NOUN
cjfa-59255	13	5	support	support	VERB
cjfa-59255	13	6	the	the	DET
cjfa-59255	13	7	monitoring	monitoring	NOUN
cjfa-59255	13	8	role	role	NOUN
cjfa-59255	13	9	of	of	ADP
cjfa-59255	13	10	the	the	DET
cjfa-59255	13	11	fiis	fiis	NOUN
cjfa-59255	13	12	in	in	ADP
cjfa-59255	13	13	reducing	reduce	VERB
cjfa-59255	13	14	information	information	NOUN
cjfa-59255	13	15	asymmetry	asymmetry	NOUN
cjfa-59255	13	16	and	and	CCONJ
cjfa-59255	13	17	agency	agency	NOUN
cjfa-59255	13	18	problem	problem	NOUN
cjfa-59255	13	19	.	.	PUNCT
cjfa-59255	14	1	further	far	ADV
cjfa-59255	14	2	,	,	PUNCT
cjfa-59255	14	3	we	we	PRON
cjfa-59255	14	4	provide	provide	VERB
cjfa-59255	14	5	the	the	DET
cjfa-59255	14	6	channel	channel	NOUN
cjfa-59255	14	7	for	for	ADP
cjfa-59255	14	8	the	the	DET
cjfa-59255	14	9	negative	negative	ADJ
cjfa-59255	14	10	relation	relation	NOUN
cjfa-59255	14	11	between	between	ADP
cjfa-59255	14	12	fiis	fiis	NOUN
cjfa-59255	14	13	and	and	CCONJ
cjfa-59255	14	14	non	non	ADJ
cjfa-59255	14	15	-	-	NOUN
cjfa-59255	14	16	compliance	compliance	NOUN
cjfa-59255	14	17	as	as	ADP
cjfa-59255	14	18	fiis	fiis	NOUN
cjfa-59255	14	19	’	'	PUNCT
cjfa-59255	14	20	capability	capability	NOUN
cjfa-59255	14	21	to	to	PART
cjfa-59255	14	22	reduce	reduce	VERB
cjfa-59255	14	23	free	free	ADJ
cjfa-59255	14	24	cash	cash	NOUN
cjfa-59255	14	25	flows	flow	NOUN
cjfa-59255	14	26	of	of	ADP
cjfa-59255	14	27	the	the	DET
cjfa-59255	14	28	firms	firm	NOUN
cjfa-59255	14	29	.	.	PUNCT
cjfa-59255	15	1	given	give	VERB
cjfa-59255	15	2	the	the	DET
cjfa-59255	15	3	presence	presence	NOUN
cjfa-59255	15	4	of	of	ADP
cjfa-59255	15	5	business	business	NOUN
cjfa-59255	15	6	groups	group	NOUN
cjfa-59255	15	7	in	in	ADP
cjfa-59255	15	8	india	india	PROPN
cjfa-59255	15	9	,	,	PUNCT
cjfa-59255	15	10	we	we	PRON
cjfa-59255	15	11	conduct	conduct	VERB
cjfa-59255	15	12	an	an	DET
cjfa-59255	15	13	additional	additional	ADJ
cjfa-59255	15	14	analysis	analysis	NOUN
cjfa-59255	15	15	for	for	ADP
cjfa-59255	15	16	the	the	DET
cjfa-59255	15	17	relation	relation	NOUN
cjfa-59255	15	18	between	between	ADP
cjfa-59255	15	19	fiis	fiis	NOUN
cjfa-59255	15	20	and	and	CCONJ
cjfa-59255	15	21	non	non	NOUN
cjfa-59255	15	22	-	-	NOUN
cjfa-59255	15	23	compliance	compliance	NOUN
cjfa-59255	15	24	with	with	ADP
cjfa-59255	15	25	csr	csr	NOUN
cjfa-59255	15	26	regulation	regulation	NOUN
cjfa-59255	15	27	in	in	ADP
cjfa-59255	15	28	business	business	NOUN
cjfa-59255	15	29	groups	group	NOUN
cjfa-59255	15	30	,	,	PUNCT
cjfa-59255	15	31	and	and	CCONJ
cjfa-59255	15	32	report	report	VERB
cjfa-59255	15	33	a	a	DET
cjfa-59255	15	34	more	more	ADV
cjfa-59255	15	35	pronounced	pronounced	ADJ
cjfa-59255	15	36	negative	negative	ADJ
cjfa-59255	15	37	relation	relation	NOUN
cjfa-59255	15	38	in	in	ADP
cjfa-59255	15	39	the	the	DET
cjfa-59255	15	40	member	member	NOUN
cjfa-59255	15	41	firms	firm	NOUN
cjfa-59255	15	42	.	.	PUNCT
cjfa-59255	16	1	our	our	PRON
cjfa-59255	16	2	study	study	NOUN
cjfa-59255	16	3	can	can	AUX
cjfa-59255	16	4	provide	provide	VERB
cjfa-59255	16	5	insights	insight	NOUN
cjfa-59255	16	6	for	for	ADP
cjfa-59255	16	7	the	the	DET
cjfa-59255	16	8	policymakers	policymaker	NOUN
cjfa-59255	16	9	and	and	CCONJ
cjfa-59255	16	10	investors	investor	NOUN
cjfa-59255	16	11	to	to	PART
cjfa-59255	16	12	understand	understand	VERB
cjfa-59255	16	13	the	the	DET
cjfa-59255	16	14	importance	importance	NOUN
cjfa-59255	16	15	of	of	ADP
cjfa-59255	16	16	fiis	fiis	NOUN
cjfa-59255	16	17	in	in	ADP
cjfa-59255	16	18	compliance	compliance	NOUN
cjfa-59255	16	19	with	with	ADP
cjfa-59255	16	20	the	the	DET
cjfa-59255	16	21	regulation	regulation	NOUN
cjfa-59255	16	22	and	and	CCONJ
cjfa-59255	16	23	in	in	ADP
cjfa-59255	16	24	impacting	impact	VERB
cjfa-59255	16	25	the	the	DET
cjfa-59255	16	26	firms	firm	NOUN
cjfa-59255	16	27	’	’	PART
cjfa-59255	16	28	reputation	reputation	NOUN
cjfa-59255	16	29	.	.	PUNCT
cjfa-59255	17	1	geeta	geeta	PROPN
cjfa-59255	17	2	singh112112	singh112112	PROPN
cjfa-59255	17	3	 	 	SPACE
cjfa-59255	17	4	introduction	introduction	NOUN
cjfa-59255	17	5	 	 	SPACE
cjfa-59255	17	6	introduction	introduction	NOUN
cjfa-59255	17	7	institutional	institutional	ADJ
cjfa-59255	17	8	investors	investor	NOUN
cjfa-59255	17	9	(	(	PUNCT
cjfa-59255	17	10	ii	ii	NOUN
cjfa-59255	17	11	)	)	PUNCT
cjfa-59255	17	12	are	be	AUX
cjfa-59255	17	13	more	more	ADV
cjfa-59255	17	14	sophisticated	sophisticated	ADJ
cjfa-59255	17	15	informed	informed	ADJ
cjfa-59255	17	16	investors	investor	NOUN
cjfa-59255	17	17	than	than	ADP
cjfa-59255	17	18	individual	individual	ADJ
cjfa-59255	17	19	investors	investor	NOUN
cjfa-59255	17	20	,	,	PUNCT
cjfa-59255	17	21	and	and	CCONJ
cjfa-59255	17	22	they	they	PRON
cjfa-59255	17	23	get	get	AUX
cjfa-59255	17	24	involved	involve	VERB
cjfa-59255	17	25	in	in	ADP
cjfa-59255	17	26	the	the	DET
cjfa-59255	17	27	firms	firm	NOUN
cjfa-59255	17	28	based	base	VERB
cjfa-59255	17	29	on	on	ADP
cjfa-59255	17	30	the	the	DET
cjfa-59255	17	31	well	well	ADV
cjfa-59255	17	32	-	-	PUNCT
cjfa-59255	17	33	analyzed	analyze	VERB
cjfa-59255	17	34	information	information	NOUN
cjfa-59255	17	35	(	(	PUNCT
cjfa-59255	17	36	amihud	amihud	PROPN
cjfa-59255	17	37	&	&	CCONJ
cjfa-59255	17	38	li	li	PROPN
cjfa-59255	17	39	,	,	PUNCT
cjfa-59255	17	40	2006	2006	NUM
cjfa-59255	17	41	)	)	PUNCT
cjfa-59255	17	42	.	.	PUNCT
cjfa-59255	18	1	given	give	VERB
cjfa-59255	18	2	their	their	PRON
cjfa-59255	18	3	access	access	NOUN
cjfa-59255	18	4	to	to	ADP
cjfa-59255	18	5	more	more	ADJ
cjfa-59255	18	6	resources	resource	NOUN
cjfa-59255	18	7	,	,	PUNCT
cjfa-59255	18	8	professional	professional	ADJ
cjfa-59255	18	9	expertise	expertise	NOUN
cjfa-59255	18	10	,	,	PUNCT
cjfa-59255	18	11	and	and	CCONJ
cjfa-59255	18	12	economies	economy	NOUN
cjfa-59255	18	13	of	of	ADP
cjfa-59255	18	14	scales	scale	NOUN
cjfa-59255	18	15	,	,	PUNCT
cjfa-59255	18	16	iis	iis	PROPN
cjfa-59255	18	17	have	have	VERB
cjfa-59255	18	18	the	the	DET
cjfa-59255	18	19	ability	ability	NOUN
cjfa-59255	18	20	and	and	CCONJ
cjfa-59255	18	21	incentive	incentive	NOUN
cjfa-59255	18	22	to	to	PART
cjfa-59255	18	23	analyze	analyze	VERB
cjfa-59255	18	24	information	information	NOUN
cjfa-59255	18	25	regarding	regard	VERB
cjfa-59255	18	26	the	the	DET
cjfa-59255	18	27	investee	investee	NOUN
cjfa-59255	18	28	firms	firm	NOUN
cjfa-59255	18	29	.	.	PUNCT
cjfa-59255	19	1	thus	thus	ADV
cjfa-59255	19	2	,	,	PUNCT
cjfa-59255	19	3	iis	iis	PROPN
cjfa-59255	19	4	take	take	VERB
cjfa-59255	19	5	informed	informed	ADJ
cjfa-59255	19	6	decisions	decision	NOUN
cjfa-59255	19	7	to	to	PART
cjfa-59255	19	8	invest	invest	VERB
cjfa-59255	19	9	in	in	ADP
cjfa-59255	19	10	a	a	DET
cjfa-59255	19	11	firm	firm	NOUN
cjfa-59255	19	12	.	.	PUNCT
cjfa-59255	20	1	further	far	ADV
cjfa-59255	20	2	,	,	PUNCT
cjfa-59255	20	3	with	with	ADP
cjfa-59255	20	4	their	their	PRON
cjfa-59255	20	5	vast	vast	ADJ
cjfa-59255	20	6	resources	resource	NOUN
cjfa-59255	20	7	,	,	PUNCT
cjfa-59255	20	8	these	these	DET
cjfa-59255	20	9	investors	investor	NOUN
cjfa-59255	20	10	can	can	AUX
cjfa-59255	20	11	monitor	monitor	VERB
cjfa-59255	20	12	the	the	DET
cjfa-59255	20	13	firms	firm	NOUN
cjfa-59255	20	14	where	where	SCONJ
cjfa-59255	20	15	they	they	PRON
cjfa-59255	20	16	have	have	VERB
cjfa-59255	20	17	substantial	substantial	ADJ
cjfa-59255	20	18	shareholding	shareholding	NOUN
cjfa-59255	20	19	.	.	PUNCT
cjfa-59255	21	1	this	this	DET
cjfa-59255	21	2	monitoring	monitoring	NOUN
cjfa-59255	21	3	by	by	ADP
cjfa-59255	21	4	iis	iis	PROPN
cjfa-59255	21	5	leads	lead	VERB
cjfa-59255	21	6	to	to	ADP
cjfa-59255	21	7	an	an	DET
cjfa-59255	21	8	improvement	improvement	NOUN
cjfa-59255	21	9	in	in	ADP
cjfa-59255	21	10	the	the	DET
cjfa-59255	21	11	corporate	corporate	ADJ
cjfa-59255	21	12	governance	governance	NOUN
cjfa-59255	21	13	of	of	ADP
cjfa-59255	21	14	the	the	DET
cjfa-59255	21	15	participating	participate	VERB
cjfa-59255	21	16	firms	firm	NOUN
cjfa-59255	21	17	(	(	PUNCT
cjfa-59255	21	18	gillan	gillan	PROPN
cjfa-59255	21	19	&	&	CCONJ
cjfa-59255	21	20	starks	starks	PROPN
cjfa-59255	21	21	,	,	PUNCT
cjfa-59255	21	22	2000	2000	NUM
cjfa-59255	21	23	,	,	PUNCT
cjfa-59255	21	24	2003	2003	NUM
cjfa-59255	21	25	;	;	PUNCT
cjfa-59255	21	26	aggarwal	aggarwal	NOUN
cjfa-59255	21	27	,	,	PUNCT
cjfa-59255	21	28	erel	erel	NOUN
cjfa-59255	21	29	,	,	PUNCT
cjfa-59255	21	30	ferreira	ferreira	PROPN
cjfa-59255	21	31	&	&	CCONJ
cjfa-59255	21	32	matos	matos	PROPN
cjfa-59255	21	33	,	,	PUNCT
cjfa-59255	21	34	2011	2011	NUM
cjfa-59255	21	35	;	;	PUNCT
cjfa-59255	21	36	dyck	dyck	PROPN
cjfa-59255	21	37	,	,	PUNCT
cjfa-59255	21	38	lins	lin	NOUN
cjfa-59255	21	39	,	,	PUNCT
cjfa-59255	21	40	roth	roth	PROPN
cjfa-59255	21	41	&	&	CCONJ
cjfa-59255	21	42	wagner	wagner	PROPN
cjfa-59255	21	43	,	,	PUNCT
cjfa-59255	21	44	2019	2019	NUM
cjfa-59255	21	45	)	)	PUNCT
cjfa-59255	21	46	.	.	PUNCT
cjfa-59255	22	1	however	however	ADV
cjfa-59255	22	2	,	,	PUNCT
cjfa-59255	22	3	it	it	PRON
cjfa-59255	22	4	is	be	AUX
cjfa-59255	22	5	worth	worth	ADJ
cjfa-59255	22	6	noticing	notice	VERB
cjfa-59255	22	7	that	that	SCONJ
cjfa-59255	22	8	all	all	DET
cjfa-59255	22	9	institutional	institutional	ADJ
cjfa-59255	22	10	investors	investor	NOUN
cjfa-59255	22	11	can	can	AUX
cjfa-59255	22	12	not	not	PART
cjfa-59255	22	13	be	be	AUX
cjfa-59255	22	14	grouped	group	VERB
cjfa-59255	22	15	into	into	ADP
cjfa-59255	22	16	a	a	DET
cjfa-59255	22	17	single	single	ADJ
cjfa-59255	22	18	category	category	NOUN
cjfa-59255	22	19	;	;	PUNCT
cjfa-59255	22	20	rather	rather	ADV
cjfa-59255	22	21	,	,	PUNCT
cjfa-59255	22	22	there	there	PRON
cjfa-59255	22	23	are	be	VERB
cjfa-59255	22	24	investors	investor	NOUN
cjfa-59255	22	25	who	who	PRON
cjfa-59255	22	26	are	be	AUX
cjfa-59255	22	27	domestic	domestic	ADJ
cjfa-59255	22	28	and	and	CCONJ
cjfa-59255	22	29	are	be	AUX
cjfa-59255	22	30	exposed	expose	VERB
cjfa-59255	22	31	to	to	ADP
cjfa-59255	22	32	the	the	DET
cjfa-59255	22	33	same	same	ADJ
cjfa-59255	22	34	regulatory	regulatory	ADJ
cjfa-59255	22	35	environment	environment	NOUN
cjfa-59255	22	36	,	,	PUNCT
cjfa-59255	22	37	while	while	SCONJ
cjfa-59255	22	38	others	other	NOUN
cjfa-59255	22	39	are	be	AUX
cjfa-59255	22	40	foreign	foreign	ADJ
cjfa-59255	22	41	and	and	CCONJ
cjfa-59255	22	42	may	may	AUX
cjfa-59255	22	43	face	face	VERB
cjfa-59255	22	44	more	more	ADJ
cjfa-59255	22	45	information	information	NOUN
cjfa-59255	22	46	asymmetry	asymmetry	NOUN
cjfa-59255	22	47	.	.	PUNCT
cjfa-59255	23	1	there	there	PRON
cjfa-59255	23	2	is	be	VERB
cjfa-59255	23	3	an	an	DET
cjfa-59255	23	4	information	information	NOUN
cjfa-59255	23	5	gap	gap	NOUN
cjfa-59255	23	6	between	between	ADP
cjfa-59255	23	7	domestic	domestic	ADJ
cjfa-59255	23	8	institutional	institutional	ADJ
cjfa-59255	23	9	investors	investor	NOUN
cjfa-59255	23	10	(	(	PUNCT
cjfa-59255	23	11	dii	dii	NOUN
cjfa-59255	23	12	)	)	PUNCT
cjfa-59255	23	13	and	and	CCONJ
cjfa-59255	23	14	foreign	foreign	ADJ
cjfa-59255	23	15	institutional	institutional	ADJ
cjfa-59255	23	16	investors	investor	NOUN
cjfa-59255	23	17	(	(	PUNCT
cjfa-59255	23	18	fii	fii	PROPN
cjfa-59255	23	19	)	)	PUNCT
cjfa-59255	23	20	(	(	PUNCT
cjfa-59255	23	21	tsang	tsang	PROPN
cjfa-59255	23	22	,	,	PUNCT
cjfa-59255	23	23	xie	xie	PROPN
cjfa-59255	23	24	&	&	CCONJ
cjfa-59255	23	25	xin	xin	PROPN
cjfa-59255	23	26	,	,	PUNCT
cjfa-59255	23	27	2019	2019	NUM
cjfa-59255	23	28	;	;	PUNCT
cjfa-59255	23	29	singh	singh	PROPN
cjfa-59255	23	30	&	&	CCONJ
cjfa-59255	23	31	pathak	pathak	PROPN
cjfa-59255	23	32	,	,	PUNCT
cjfa-59255	23	33	2024	2024	NUM
cjfa-59255	23	34	)	)	PUNCT
cjfa-59255	23	35	.	.	PUNCT
cjfa-59255	24	1	fiis	fiis	NOUN
cjfa-59255	24	2	are	be	AUX
cjfa-59255	24	3	the	the	DET
cjfa-59255	24	4	external	external	ADJ
cjfa-59255	24	5	investors	investor	NOUN
cjfa-59255	24	6	facing	face	VERB
cjfa-59255	24	7	the	the	DET
cjfa-59255	24	8	disadvantage	disadvantage	NOUN
cjfa-59255	24	9	of	of	ADP
cjfa-59255	24	10	being	be	AUX
cjfa-59255	24	11	distant	distant	ADJ
cjfa-59255	24	12	and	and	CCONJ
cjfa-59255	24	13	not	not	PART
cjfa-59255	24	14	enjoying	enjoy	VERB
cjfa-59255	24	15	proximity	proximity	NOUN
cjfa-59255	24	16	to	to	ADP
cjfa-59255	24	17	the	the	DET
cjfa-59255	24	18	firms	firm	NOUN
cjfa-59255	24	19	like	like	ADP
cjfa-59255	24	20	diis	diis	NOUN
cjfa-59255	24	21	;	;	PUNCT
cjfa-59255	24	22	thus	thus	ADV
cjfa-59255	24	23	,	,	PUNCT
cjfa-59255	24	24	they	they	PRON
cjfa-59255	24	25	demand	demand	VERB
cjfa-59255	24	26	more	more	ADJ
cjfa-59255	24	27	information	information	NOUN
cjfa-59255	24	28	and	and	CCONJ
cjfa-59255	24	29	induce	induce	VERB
cjfa-59255	24	30	more	more	ADJ
cjfa-59255	24	31	transparency	transparency	NOUN
cjfa-59255	24	32	in	in	ADP
cjfa-59255	24	33	the	the	DET
cjfa-59255	24	34	firms	firm	NOUN
cjfa-59255	24	35	they	they	PRON
cjfa-59255	24	36	invest	invest	VERB
cjfa-59255	24	37	in	in	ADP
cjfa-59255	24	38	.	.	PUNCT
cjfa-59255	25	1	therefore	therefore	ADV
cjfa-59255	25	2	,	,	PUNCT
cjfa-59255	25	3	we	we	PRON
cjfa-59255	25	4	focus	focus	VERB
cjfa-59255	25	5	on	on	ADP
cjfa-59255	25	6	the	the	DET
cjfa-59255	25	7	role	role	NOUN
cjfa-59255	25	8	of	of	ADP
cjfa-59255	25	9	these	these	DET
cjfa-59255	25	10	outside	outside	ADJ
cjfa-59255	25	11	investors	investor	NOUN
cjfa-59255	25	12	in	in	ADP
cjfa-59255	25	13	mitigating	mitigate	VERB
cjfa-59255	25	14	information	information	NOUN
cjfa-59255	25	15	asymmetry	asymmetry	NOUN
cjfa-59255	25	16	and	and	CCONJ
cjfa-59255	25	17	inducing	induce	VERB
cjfa-59255	25	18	governance	governance	NOUN
cjfa-59255	25	19	in	in	ADP
cjfa-59255	25	20	the	the	DET
cjfa-59255	25	21	firms	firm	NOUN
cjfa-59255	25	22	.	.	PUNCT
cjfa-59255	26	1	one	one	NUM
cjfa-59255	26	2	of	of	ADP
cjfa-59255	26	3	the	the	DET
cjfa-59255	26	4	recent	recent	ADJ
cjfa-59255	26	5	shifts	shift	NOUN
cjfa-59255	26	6	across	across	ADP
cjfa-59255	26	7	the	the	DET
cjfa-59255	26	8	world	world	NOUN
cjfa-59255	26	9	is	be	AUX
cjfa-59255	26	10	the	the	DET
cjfa-59255	26	11	conscious	conscious	ADJ
cjfa-59255	26	12	participation	participation	NOUN
cjfa-59255	26	13	of	of	ADP
cjfa-59255	26	14	the	the	DET
cjfa-59255	26	15	firms	firm	NOUN
cjfa-59255	26	16	in	in	ADP
cjfa-59255	26	17	the	the	DET
cjfa-59255	26	18	corporate	corporate	ADJ
cjfa-59255	26	19	social	social	ADJ
cjfa-59255	26	20	responsibility	responsibility	NOUN
cjfa-59255	26	21	(	(	PUNCT
cjfa-59255	26	22	csr	csr	NOUN
cjfa-59255	26	23	)	)	PUNCT
cjfa-59255	26	24	(	(	PUNCT
cjfa-59255	26	25	laskowska	laskowska	PROPN
cjfa-59255	26	26	,	,	PUNCT
cjfa-59255	26	27	2018	2018	NUM
cjfa-59255	26	28	)	)	PUNCT
cjfa-59255	26	29	.	.	PUNCT
cjfa-59255	27	1	asset	asset	NOUN
cjfa-59255	27	2	managers	manager	NOUN
cjfa-59255	27	3	and	and	CCONJ
cjfa-59255	27	4	analysts	analyst	NOUN
cjfa-59255	27	5	are	be	AUX
cjfa-59255	27	6	integrating	integrate	VERB
cjfa-59255	27	7	the	the	DET
cjfa-59255	27	8	corporations	corporation	NOUN
cjfa-59255	27	9	’	'	PUNCT
cjfa-59255	27	10	pursuits	pursuit	NOUN
cjfa-59255	27	11	for	for	ADP
cjfa-59255	27	12	csr	csr	NOUN
cjfa-59255	27	13	engagement	engagement	NOUN
cjfa-59255	27	14	and	and	CCONJ
cjfa-59255	27	15	related	relate	VERB
cjfa-59255	27	16	information	information	NOUN
cjfa-59255	27	17	while	while	SCONJ
cjfa-59255	27	18	making	make	VERB
cjfa-59255	27	19	investment	investment	NOUN
cjfa-59255	27	20	decisions	decision	NOUN
cjfa-59255	27	21	(	(	PUNCT
cjfa-59255	27	22	ioannou	ioannou	NOUN
cjfa-59255	27	23	&	&	CCONJ
cjfa-59255	27	24	serafeim	serafeim	PROPN
cjfa-59255	27	25	,	,	PUNCT
cjfa-59255	27	26	2015	2015	NUM
cjfa-59255	27	27	;	;	PUNCT
cjfa-59255	27	28	amel	amel	PROPN
cjfa-59255	27	29	-	-	PUNCT
cjfa-59255	27	30	zadeh	zadeh	PROPN
cjfa-59255	27	31	&	&	CCONJ
cjfa-59255	27	32	serafeim	serafeim	PROPN
cjfa-59255	27	33	,	,	PUNCT
cjfa-59255	27	34	2018	2018	NUM
cjfa-59255	27	35	)	)	PUNCT
cjfa-59255	27	36	.	.	PUNCT
cjfa-59255	28	1	at	at	ADP
cjfa-59255	28	2	this	this	DET
cjfa-59255	28	3	stage	stage	NOUN
cjfa-59255	28	4	,	,	PUNCT
cjfa-59255	28	5	it	it	PRON
cjfa-59255	28	6	can	can	AUX
cjfa-59255	28	7	be	be	AUX
cjfa-59255	28	8	postulated	postulate	VERB
cjfa-59255	28	9	the	the	DET
cjfa-59255	28	10	fiis	fiis	NOUN
cjfa-59255	28	11	also	also	ADV
cjfa-59255	28	12	impact	impact	VERB
cjfa-59255	28	13	the	the	DET
cjfa-59255	28	14	decision	decision	NOUN
cjfa-59255	28	15	of	of	ADP
cjfa-59255	28	16	the	the	DET
cjfa-59255	28	17	extent	extent	NOUN
cjfa-59255	28	18	of	of	ADP
cjfa-59255	28	19	a	a	DET
cjfa-59255	28	20	firm	firm	NOUN
cjfa-59255	28	21	’s	’s	PART
cjfa-59255	28	22	engagement	engagement	NOUN
cjfa-59255	28	23	in	in	ADP
cjfa-59255	28	24	the	the	DET
cjfa-59255	28	25	csr	csr	NOUN
cjfa-59255	28	26	,	,	PUNCT
cjfa-59255	28	27	since	since	SCONJ
cjfa-59255	28	28	they	they	PRON
cjfa-59255	28	29	are	be	AUX
cjfa-59255	28	30	active	active	ADJ
cjfa-59255	28	31	investors	investor	NOUN
cjfa-59255	28	32	in	in	ADP
cjfa-59255	28	33	the	the	DET
cjfa-59255	28	34	firm	firm	NOUN
cjfa-59255	28	35	.	.	PUNCT
cjfa-59255	29	1	india	india	PROPN
cjfa-59255	29	2	is	be	AUX
cjfa-59255	29	3	the	the	DET
cjfa-59255	29	4	first	first	ADJ
cjfa-59255	29	5	and	and	CCONJ
cjfa-59255	29	6	only	only	ADJ
cjfa-59255	29	7	country	country	NOUN
cjfa-59255	29	8	in	in	ADP
cjfa-59255	29	9	the	the	DET
cjfa-59255	29	10	world	world	NOUN
cjfa-59255	29	11	to	to	PART
cjfa-59255	29	12	mandate	mandate	VERB
cjfa-59255	29	13	csr	csr	NOUN
cjfa-59255	29	14	expenditure	expenditure	NOUN
cjfa-59255	29	15	for	for	ADP
cjfa-59255	29	16	firms	firm	NOUN
cjfa-59255	29	17	satisfying	satisfy	VERB
cjfa-59255	29	18	certain	certain	ADJ
cjfa-59255	29	19	criteria	criterion	NOUN
cjfa-59255	29	20	.	.	PUNCT
cjfa-59255	30	1	in	in	ADP
cjfa-59255	30	2	2014	2014	NUM
cjfa-59255	30	3	,	,	PUNCT
cjfa-59255	30	4	under	under	ADP
cjfa-59255	30	5	section	section	NOUN
cjfa-59255	30	6	135(1	135(1	NUM
cjfa-59255	30	7	)	)	PUNCT
cjfa-59255	30	8	of	of	ADP
cjfa-59255	30	9	the	the	DET
cjfa-59255	30	10	companies	company	NOUN
cjfa-59255	30	11	act	act	VERB
cjfa-59255	30	12	of	of	ADP
cjfa-59255	30	13	2013	2013	NUM
cjfa-59255	30	14	,	,	PUNCT
cjfa-59255	30	15	any	any	DET
cjfa-59255	30	16	indian	indian	ADJ
cjfa-59255	30	17	firm	firm	NOUN
cjfa-59255	30	18	fulfilling	fulfil	VERB
cjfa-59255	30	19	certain	certain	ADJ
cjfa-59255	30	20	criteria	criterion	NOUN
cjfa-59255	30	21	is	be	AUX
cjfa-59255	30	22	mandated	mandate	VERB
cjfa-59255	30	23	to	to	PART
cjfa-59255	30	24	spend	spend	VERB
cjfa-59255	30	25	at	at	ADV
cjfa-59255	30	26	least	least	ADV
cjfa-59255	30	27	two	two	NUM
cjfa-59255	30	28	percent	percent	NOUN
cjfa-59255	30	29	of	of	ADP
cjfa-59255	30	30	the	the	DET
cjfa-59255	30	31	average	average	ADJ
cjfa-59255	30	32	net	net	ADJ
cjfa-59255	30	33	profits	profit	NOUN
cjfa-59255	30	34	during	during	ADP
cjfa-59255	30	35	immediately	immediately	ADV
cjfa-59255	30	36	preceding	precede	VERB
cjfa-59255	30	37	financial	financial	ADJ
cjfa-59255	30	38	year(s	year(s	PROPN
cjfa-59255	30	39	)	)	PUNCT
cjfa-59255	30	40	on	on	ADP
cjfa-59255	30	41	csr	csr	X
cjfa-59255	30	42	related	relate	VERB
cjfa-59255	30	43	activities	activity	NOUN
cjfa-59255	30	44	,	,	PUNCT
cjfa-59255	30	45	and	and	CCONJ
cjfa-59255	30	46	needs	need	VERB
cjfa-59255	30	47	to	to	PART
cjfa-59255	30	48	comply	comply	VERB
cjfa-59255	30	49	with	with	ADP
cjfa-59255	30	50	csr	csr	NOUN
cjfa-59255	30	51	provisions	provision	NOUN
cjfa-59255	30	52	of	of	ADP
cjfa-59255	30	53	the	the	DET
cjfa-59255	30	54	companies	company	NOUN
cjfa-59255	30	55	(	(	PUNCT
cjfa-59255	30	56	csr	csr	NOUN
cjfa-59255	30	57	policy	policy	NOUN
cjfa-59255	30	58	)	)	PUNCT
cjfa-59255	30	59	rules	rule	NOUN
cjfa-59255	30	60	of	of	ADP
cjfa-59255	30	61	2014	2014	NUM
cjfa-59255	30	62	(	(	PUNCT
cjfa-59255	30	63	potharla	potharla	NOUN
cjfa-59255	30	64	,	,	PUNCT
cjfa-59255	30	65	2024	2024	NUM
cjfa-59255	30	66	)	)	PUNCT
cjfa-59255	30	67	.	.	PUNCT
cjfa-59255	31	1	the	the	DET
cjfa-59255	31	2	criteria	criterion	NOUN
cjfa-59255	31	3	include	include	VERB
cjfa-59255	31	4	:	:	PUNCT
cjfa-59255	31	5	(	(	PUNCT
cjfa-59255	31	6	i	i	NOUN
cjfa-59255	31	7	)	)	PUNCT
cjfa-59255	31	8	net	net	ADJ
cjfa-59255	31	9	worth	worth	NOUN
cjfa-59255	31	10	of	of	ADP
cjfa-59255	31	11	rupees	rupee	NOUN
cjfa-59255	31	12	500	500	NUM
cjfa-59255	31	13	crore	crore	NOUN
cjfa-59255	31	14	or	or	CCONJ
cjfa-59255	31	15	more	more	ADJ
cjfa-59255	31	16	;	;	PUNCT
cjfa-59255	31	17	(	(	PUNCT
cjfa-59255	31	18	ii	ii	NOUN
cjfa-59255	31	19	)	)	PUNCT
cjfa-59255	31	20	turnover	turnover	NOUN
cjfa-59255	31	21	of	of	ADP
cjfa-59255	31	22	rupees	rupee	NOUN
cjfa-59255	31	23	1,000	1,000	NUM
cjfa-59255	31	24	crore	crore	NOUN
cjfa-59255	31	25	or	or	CCONJ
cjfa-59255	31	26	more	more	ADJ
cjfa-59255	31	27	;	;	PUNCT
cjfa-59255	31	28	or	or	CCONJ
cjfa-59255	31	29	(	(	PUNCT
cjfa-59255	31	30	iii	iii	X
cjfa-59255	31	31	)	)	PUNCT
cjfa-59255	31	32	do	do	VERB
cjfa-59255	31	33	foreign	foreign	ADJ
cjfa-59255	31	34	institutional	institutional	ADJ
cjfa-59255	31	35	investors	investor	NOUN
cjfa-59255	31	36	impact	impact	VERB
cjfa-59255	31	37	compliance	compliance	NOUN
cjfa-59255	31	38	…	…	PUNCT
cjfa-59255	31	39	113113	113113	NUM
cjfa-59255	31	40	net	net	ADJ
cjfa-59255	31	41	profit	profit	NOUN
cjfa-59255	31	42	of	of	ADP
cjfa-59255	31	43	rupees	rupee	NOUN
cjfa-59255	31	44	5	5	NUM
cjfa-59255	31	45	crore	crore	NOUN
cjfa-59255	31	46	or	or	CCONJ
cjfa-59255	31	47	more	more	ADJ
cjfa-59255	31	48	(	(	PUNCT
cjfa-59255	31	49	www1	www1	PROPN
cjfa-59255	31	50	)	)	PUNCT
cjfa-59255	31	51	.	.	PUNCT
cjfa-59255	32	1	we	we	PRON
cjfa-59255	32	2	suggest	suggest	VERB
cjfa-59255	32	3	that	that	SCONJ
cjfa-59255	32	4	if	if	SCONJ
cjfa-59255	32	5	foreign	foreign	ADJ
cjfa-59255	32	6	institutional	institutional	ADJ
cjfa-59255	32	7	investors	investor	NOUN
cjfa-59255	32	8	induce	induce	VERB
cjfa-59255	32	9	transparency	transparency	NOUN
cjfa-59255	32	10	and	and	CCONJ
cjfa-59255	32	11	engage	engage	VERB
cjfa-59255	32	12	in	in	ADP
cjfa-59255	32	13	monitoring	monitor	VERB
cjfa-59255	32	14	activities	activity	NOUN
cjfa-59255	32	15	,	,	PUNCT
cjfa-59255	32	16	then	then	ADV
cjfa-59255	32	17	they	they	PRON
cjfa-59255	32	18	pressurize	pressurize	VERB
cjfa-59255	32	19	the	the	DET
cjfa-59255	32	20	firms	firm	NOUN
cjfa-59255	32	21	to	to	PART
cjfa-59255	32	22	follow	follow	VERB
cjfa-59255	32	23	and	and	CCONJ
cjfa-59255	32	24	comply	comply	VERB
cjfa-59255	32	25	with	with	ADP
cjfa-59255	32	26	the	the	DET
cjfa-59255	32	27	csr	csr	NOUN
cjfa-59255	32	28	regulations	regulation	NOUN
cjfa-59255	32	29	.	.	PUNCT
cjfa-59255	33	1	the	the	DET
cjfa-59255	33	2	reputation	reputation	NOUN
cjfa-59255	33	3	-	-	PUNCT
cjfa-59255	33	4	building	building	NOUN
cjfa-59255	33	5	hypothesis	hypothesis	NOUN
cjfa-59255	33	6	(	(	PUNCT
cjfa-59255	33	7	freeman	freeman	NOUN
cjfa-59255	33	8	,	,	PUNCT
cjfa-59255	33	9	1984	1984	NUM
cjfa-59255	33	10	;	;	PUNCT
cjfa-59255	33	11	makni	makni	NOUN
cjfa-59255	33	12	,	,	PUNCT
cjfa-59255	33	13	francoeur	francoeur	PROPN
cjfa-59255	33	14	&	&	CCONJ
cjfa-59255	33	15	bellavance	bellavance	PROPN
cjfa-59255	33	16	,	,	PUNCT
cjfa-59255	33	17	2009	2009	NUM
cjfa-59255	33	18	)	)	PUNCT
cjfa-59255	33	19	postulates	postulate	VERB
cjfa-59255	33	20	that	that	SCONJ
cjfa-59255	33	21	csr	csr	NOUN
cjfa-59255	33	22	engagement	engagement	NOUN
cjfa-59255	33	23	of	of	ADP
cjfa-59255	33	24	the	the	DET
cjfa-59255	33	25	firms	firm	NOUN
cjfa-59255	33	26	leads	lead	VERB
cjfa-59255	33	27	to	to	ADP
cjfa-59255	33	28	building	build	VERB
cjfa-59255	33	29	and	and	CCONJ
cjfa-59255	33	30	enhancing	enhance	VERB
cjfa-59255	33	31	their	their	PRON
cjfa-59255	33	32	reputation	reputation	NOUN
cjfa-59255	33	33	in	in	ADP
cjfa-59255	33	34	the	the	DET
cjfa-59255	33	35	market	market	NOUN
cjfa-59255	33	36	(	(	PUNCT
cjfa-59255	33	37	buchanan	buchanan	PROPN
cjfa-59255	33	38	,	,	PUNCT
cjfa-59255	33	39	cao	cao	PROPN
cjfa-59255	33	40	&	&	CCONJ
cjfa-59255	33	41	chen	chen	PROPN
cjfa-59255	33	42	,	,	PUNCT
cjfa-59255	33	43	2018	2018	NUM
cjfa-59255	33	44	)	)	PUNCT
cjfa-59255	33	45	.	.	PUNCT
cjfa-59255	34	1	this	this	DET
cjfa-59255	34	2	reputation	reputation	NOUN
cjfa-59255	34	3	leads	lead	VERB
cjfa-59255	34	4	to	to	ADP
cjfa-59255	34	5	them	they	PRON
cjfa-59255	34	6	fetching	fetch	VERB
cjfa-59255	34	7	higher	high	ADJ
cjfa-59255	34	8	premium	premium	NOUN
cjfa-59255	34	9	in	in	ADP
cjfa-59255	34	10	market	market	NOUN
cjfa-59255	34	11	valuation	valuation	NOUN
cjfa-59255	34	12	(	(	PUNCT
cjfa-59255	34	13	kumar	kumar	PROPN
cjfa-59255	34	14	&	&	CCONJ
cjfa-59255	34	15	singh	singh	PROPN
cjfa-59255	34	16	,	,	PUNCT
cjfa-59255	34	17	2024	2024	NUM
cjfa-59255	34	18	)	)	PUNCT
cjfa-59255	34	19	.	.	PUNCT
cjfa-59255	35	1	hence	hence	ADV
cjfa-59255	35	2	,	,	PUNCT
cjfa-59255	35	3	it	it	PRON
cjfa-59255	35	4	can	can	AUX
cjfa-59255	35	5	be	be	AUX
cjfa-59255	35	6	claimed	claim	VERB
cjfa-59255	35	7	that	that	SCONJ
cjfa-59255	35	8	fiis	fiis	NOUN
cjfa-59255	35	9	promote	promote	VERB
cjfa-59255	35	10	optimal	optimal	ADJ
cjfa-59255	35	11	allocation	allocation	NOUN
cjfa-59255	35	12	of	of	ADP
cjfa-59255	35	13	firms	firm	NOUN
cjfa-59255	35	14	’	’	PART
cjfa-59255	35	15	resources	resource	NOUN
cjfa-59255	35	16	and	and	CCONJ
cjfa-59255	35	17	mitigate	mitigate	VERB
cjfa-59255	35	18	an	an	DET
cjfa-59255	35	19	agency	agency	NOUN
cjfa-59255	35	20	problem	problem	NOUN
cjfa-59255	35	21	in	in	ADP
cjfa-59255	35	22	the	the	DET
cjfa-59255	35	23	firms	firm	NOUN
cjfa-59255	35	24	,	,	PUNCT
cjfa-59255	35	25	encouraging	encourage	VERB
cjfa-59255	35	26	them	they	PRON
cjfa-59255	35	27	to	to	PART
cjfa-59255	35	28	comply	comply	VERB
cjfa-59255	35	29	with	with	ADP
cjfa-59255	35	30	the	the	DET
cjfa-59255	35	31	mandates	mandate	NOUN
cjfa-59255	35	32	and	and	CCONJ
cjfa-59255	35	33	fetch	fetch	VERB
cjfa-59255	35	34	higher	high	ADJ
cjfa-59255	35	35	market	market	NOUN
cjfa-59255	35	36	premiums	premium	NOUN
cjfa-59255	35	37	.	.	PUNCT
cjfa-59255	36	1	in	in	ADP
cjfa-59255	36	2	this	this	DET
cjfa-59255	36	3	study	study	NOUN
cjfa-59255	36	4	,	,	PUNCT
cjfa-59255	36	5	we	we	PRON
cjfa-59255	36	6	focus	focus	VERB
cjfa-59255	36	7	on	on	ADP
cjfa-59255	36	8	the	the	DET
cjfa-59255	36	9	non	non	NOUN
cjfa-59255	36	10	-	-	NOUN
cjfa-59255	36	11	compliance	compliance	NOUN
cjfa-59255	36	12	with	with	ADP
cjfa-59255	36	13	the	the	DET
cjfa-59255	36	14	csr	csr	NOUN
cjfa-59255	36	15	regulation	regulation	NOUN
cjfa-59255	36	16	by	by	ADP
cjfa-59255	36	17	many	many	ADJ
cjfa-59255	36	18	indian	indian	ADJ
cjfa-59255	36	19	firms	firm	NOUN
cjfa-59255	36	20	because	because	SCONJ
cjfa-59255	36	21	of	of	ADP
cjfa-59255	36	22	a	a	DET
cjfa-59255	36	23	greater	great	ADJ
cjfa-59255	36	24	proportion	proportion	NOUN
cjfa-59255	36	25	of	of	ADP
cjfa-59255	36	26	such	such	ADJ
cjfa-59255	36	27	firms	firm	NOUN
cjfa-59255	36	28	.	.	PUNCT
cjfa-59255	37	1	for	for	ADP
cjfa-59255	37	2	example	example	NOUN
cjfa-59255	37	3	,	,	PUNCT
cjfa-59255	37	4	bhattacharyya	bhattacharyya	ADJ
cjfa-59255	37	5	and	and	CCONJ
cjfa-59255	37	6	rahman	rahman	PROPN
cjfa-59255	37	7	(	(	PUNCT
cjfa-59255	37	8	2019	2019	NUM
cjfa-59255	37	9	)	)	PUNCT
cjfa-59255	37	10	observe	observe	VERB
cjfa-59255	37	11	that	that	SCONJ
cjfa-59255	37	12	40	40	NUM
cjfa-59255	37	13	percent	percent	NOUN
cjfa-59255	37	14	of	of	ADP
cjfa-59255	37	15	indian	indian	ADJ
cjfa-59255	37	16	firms	firm	NOUN
cjfa-59255	37	17	have	have	AUX
cjfa-59255	37	18	failed	fail	VERB
cjfa-59255	37	19	to	to	PART
cjfa-59255	37	20	comply	comply	VERB
cjfa-59255	37	21	with	with	ADP
cjfa-59255	37	22	the	the	DET
cjfa-59255	37	23	mandatory	mandatory	ADJ
cjfa-59255	37	24	csr	csr	NOUN
cjfa-59255	37	25	expenditure	expenditure	NOUN
cjfa-59255	37	26	as	as	ADP
cjfa-59255	37	27	of	of	ADP
cjfa-59255	37	28	2016	2016	NUM
cjfa-59255	37	29	.	.	PUNCT
cjfa-59255	38	1	similarly	similarly	ADV
cjfa-59255	38	2	,	,	PUNCT
cjfa-59255	38	3	kumar	kumar	PROPN
cjfa-59255	38	4	and	and	CCONJ
cjfa-59255	38	5	singh	singh	PROPN
cjfa-59255	38	6	(	(	PUNCT
cjfa-59255	38	7	2023	2023	NUM
cjfa-59255	38	8	)	)	PUNCT
cjfa-59255	38	9	report	report	NOUN
cjfa-59255	38	10	that	that	SCONJ
cjfa-59255	38	11	34	34	NUM
cjfa-59255	38	12	percent	percent	NOUN
cjfa-59255	38	13	of	of	ADP
cjfa-59255	38	14	the	the	DET
cjfa-59255	38	15	indian	indian	ADJ
cjfa-59255	38	16	firms	firm	NOUN
cjfa-59255	38	17	were	be	AUX
cjfa-59255	38	18	not	not	PART
cjfa-59255	38	19	following	follow	VERB
cjfa-59255	38	20	the	the	DET
cjfa-59255	38	21	csr	csr	NOUN
cjfa-59255	38	22	policy	policy	NOUN
cjfa-59255	38	23	of	of	ADP
cjfa-59255	38	24	mandatory	mandatory	ADJ
cjfa-59255	38	25	expenditure	expenditure	NOUN
cjfa-59255	38	26	as	as	ADP
cjfa-59255	38	27	on	on	ADP
cjfa-59255	38	28	2020	2020	NUM
cjfa-59255	38	29	.	.	PUNCT
cjfa-59255	39	1	though	though	SCONJ
cjfa-59255	39	2	we	we	PRON
cjfa-59255	39	3	observe	observe	VERB
cjfa-59255	39	4	that	that	SCONJ
cjfa-59255	39	5	the	the	DET
cjfa-59255	39	6	percent	percent	NOUN
cjfa-59255	39	7	of	of	ADP
cjfa-59255	39	8	non	non	ADJ
cjfa-59255	39	9	-	-	ADJ
cjfa-59255	39	10	compliant	compliant	ADJ
cjfa-59255	39	11	firms	firm	NOUN
cjfa-59255	39	12	has	have	AUX
cjfa-59255	39	13	decreased	decrease	VERB
cjfa-59255	39	14	from	from	ADP
cjfa-59255	39	15	2016	2016	NUM
cjfa-59255	39	16	to	to	ADP
cjfa-59255	39	17	2020	2020	NUM
cjfa-59255	39	18	,	,	PUNCT
cjfa-59255	39	19	there	there	PRON
cjfa-59255	39	20	is	be	VERB
cjfa-59255	39	21	still	still	ADV
cjfa-59255	39	22	a	a	DET
cjfa-59255	39	23	great	great	ADJ
cjfa-59255	39	24	proportion	proportion	NOUN
cjfa-59255	39	25	of	of	ADP
cjfa-59255	39	26	such	such	ADJ
cjfa-59255	39	27	firms	firm	NOUN
cjfa-59255	39	28	.	.	PUNCT
cjfa-59255	40	1	thus	thus	ADV
cjfa-59255	40	2	,	,	PUNCT
cjfa-59255	40	3	we	we	PRON
cjfa-59255	40	4	focus	focus	VERB
cjfa-59255	40	5	on	on	ADP
cjfa-59255	40	6	the	the	DET
cjfa-59255	40	7	role	role	NOUN
cjfa-59255	40	8	of	of	ADP
cjfa-59255	40	9	fiis	fiis	NOUN
cjfa-59255	40	10	in	in	ADP
cjfa-59255	40	11	impacting	impact	VERB
cjfa-59255	40	12	the	the	DET
cjfa-59255	40	13	extent	extent	NOUN
cjfa-59255	40	14	of	of	ADP
cjfa-59255	40	15	such	such	ADJ
cjfa-59255	40	16	non	non	ADJ
cjfa-59255	40	17	-	-	NOUN
cjfa-59255	40	18	compliance	compliance	NOUN
cjfa-59255	40	19	.	.	PUNCT
cjfa-59255	41	1	our	our	PRON
cjfa-59255	41	2	study	study	NOUN
cjfa-59255	41	3	is	be	AUX
cjfa-59255	41	4	motivated	motivate	VERB
cjfa-59255	41	5	by	by	ADP
cjfa-59255	41	6	two	two	NUM
cjfa-59255	41	7	papers	paper	NOUN
cjfa-59255	41	8	.	.	PUNCT
cjfa-59255	42	1	first	first	ADV
cjfa-59255	42	2	,	,	PUNCT
cjfa-59255	42	3	marshall	marshall	PROPN
cjfa-59255	42	4	,	,	PUNCT
cjfa-59255	42	5	rao	rao	PROPN
cjfa-59255	42	6	,	,	PUNCT
cjfa-59255	42	7	roy	roy	PROPN
cjfa-59255	42	8	and	and	CCONJ
cjfa-59255	42	9	thapa	thapa	PROPN
cjfa-59255	42	10	(	(	PUNCT
cjfa-59255	42	11	2022	2022	NUM
cjfa-59255	42	12	)	)	PUNCT
cjfa-59255	42	13	,	,	PUNCT
cjfa-59255	42	14	who	who	PRON
cjfa-59255	42	15	examine	examine	VERB
cjfa-59255	42	16	the	the	DET
cjfa-59255	42	17	preference	preference	NOUN
cjfa-59255	42	18	of	of	ADP
cjfa-59255	42	19	different	different	ADJ
cjfa-59255	42	20	fiis	fiis	NOUN
cjfa-59255	42	21	to	to	PART
cjfa-59255	42	22	invest	invest	VERB
cjfa-59255	42	23	in	in	ADP
cjfa-59255	42	24	the	the	DET
cjfa-59255	42	25	socially	socially	ADV
cjfa-59255	42	26	responsible	responsible	ADJ
cjfa-59255	42	27	indian	indian	ADJ
cjfa-59255	42	28	investee	investee	NOUN
cjfa-59255	42	29	firms	firm	NOUN
cjfa-59255	42	30	for	for	ADP
cjfa-59255	42	31	two	two	NUM
cjfa-59255	42	32	years	year	NOUN
cjfa-59255	42	33	,	,	PUNCT
cjfa-59255	42	34	from	from	ADP
cjfa-59255	42	35	2015	2015	NUM
cjfa-59255	42	36	to	to	ADP
cjfa-59255	42	37	2016	2016	NUM
cjfa-59255	42	38	.	.	PUNCT
cjfa-59255	43	1	the	the	DET
cjfa-59255	43	2	authors	author	NOUN
cjfa-59255	43	3	examine	examine	VERB
cjfa-59255	43	4	the	the	DET
cjfa-59255	43	5	impact	impact	NOUN
cjfa-59255	43	6	of	of	ADP
cjfa-59255	43	7	compliance	compliance	NOUN
cjfa-59255	43	8	with	with	ADP
cjfa-59255	43	9	the	the	DET
cjfa-59255	43	10	csr	csr	NOUN
cjfa-59255	43	11	expenditure	expenditure	NOUN
cjfa-59255	43	12	regulations	regulation	NOUN
cjfa-59255	43	13	on	on	ADP
cjfa-59255	43	14	the	the	DET
cjfa-59255	43	15	investment	investment	NOUN
cjfa-59255	43	16	by	by	ADP
cjfa-59255	43	17	fiis	fiis	NOUN
cjfa-59255	43	18	;	;	PUNCT
cjfa-59255	43	19	however	however	ADV
cjfa-59255	43	20	,	,	PUNCT
cjfa-59255	43	21	since	since	SCONJ
cjfa-59255	43	22	we	we	PRON
cjfa-59255	43	23	can	can	AUX
cjfa-59255	43	24	observe	observe	VERB
cjfa-59255	43	25	that	that	DET
cjfa-59255	43	26	fiis	fiis	NOUN
cjfa-59255	43	27	have	have	VERB
cjfa-59255	43	28	a	a	DET
cjfa-59255	43	29	monitoring	monitoring	NOUN
cjfa-59255	43	30	role	role	NOUN
cjfa-59255	43	31	in	in	ADP
cjfa-59255	43	32	enhancing	enhance	VERB
cjfa-59255	43	33	the	the	DET
cjfa-59255	43	34	corporate	corporate	ADJ
cjfa-59255	43	35	governance	governance	NOUN
cjfa-59255	43	36	,	,	PUNCT
cjfa-59255	43	37	we	we	PRON
cjfa-59255	43	38	propose	propose	VERB
cjfa-59255	43	39	that	that	SCONJ
cjfa-59255	43	40	having	have	VERB
cjfa-59255	43	41	large	large	ADJ
cjfa-59255	43	42	foreign	foreign	ADJ
cjfa-59255	43	43	investors	investor	NOUN
cjfa-59255	43	44	as	as	SCONJ
cjfa-59255	43	45	shareholders	shareholder	NOUN
cjfa-59255	43	46	impacts	impact	VERB
cjfa-59255	43	47	many	many	ADJ
cjfa-59255	43	48	decisions	decision	NOUN
cjfa-59255	43	49	of	of	ADP
cjfa-59255	43	50	the	the	DET
cjfa-59255	43	51	firms	firm	NOUN
cjfa-59255	43	52	,	,	PUNCT
cjfa-59255	43	53	including	include	VERB
cjfa-59255	43	54	their	their	PRON
cjfa-59255	43	55	compliance	compliance	NOUN
cjfa-59255	43	56	with	with	ADP
cjfa-59255	43	57	the	the	DET
cjfa-59255	43	58	regulations	regulation	NOUN
cjfa-59255	43	59	.	.	PUNCT
cjfa-59255	44	1	therefore	therefore	ADV
cjfa-59255	44	2	,	,	PUNCT
cjfa-59255	44	3	ex	ex	NOUN
cjfa-59255	44	4	-	-	NOUN
cjfa-59255	44	5	ante	ante	NOUN
cjfa-59255	44	6	,	,	PUNCT
cjfa-59255	44	7	we	we	PRON
cjfa-59255	44	8	posit	posit	VERB
cjfa-59255	44	9	the	the	DET
cjfa-59255	44	10	causal	causal	NOUN
cjfa-59255	44	11	relation	relation	NOUN
cjfa-59255	44	12	from	from	ADP
cjfa-59255	44	13	fiis	fiis	NOUN
cjfa-59255	44	14	towards	towards	ADP
cjfa-59255	44	15	compliance	compliance	NOUN
cjfa-59255	44	16	with	with	ADP
cjfa-59255	44	17	csr	csr	NOUN
cjfa-59255	44	18	regulation	regulation	NOUN
cjfa-59255	44	19	.	.	PUNCT
cjfa-59255	45	1	it	it	PRON
cjfa-59255	45	2	is	be	AUX
cjfa-59255	45	3	observed	observe	VERB
cjfa-59255	45	4	that	that	SCONJ
cjfa-59255	45	5	though	though	SCONJ
cjfa-59255	45	6	the	the	DET
cjfa-59255	45	7	indian	indian	ADJ
cjfa-59255	45	8	companies	company	NOUN
cjfa-59255	45	9	act	act	VERB
cjfa-59255	45	10	of	of	ADP
cjfa-59255	45	11	2013	2013	NUM
cjfa-59255	45	12	had	have	AUX
cjfa-59255	45	13	legislated	legislate	VERB
cjfa-59255	45	14	the	the	DET
cjfa-59255	45	15	csr	csr	NOUN
cjfa-59255	45	16	policy	policy	NOUN
cjfa-59255	45	17	with	with	ADP
cjfa-59255	45	18	effect	effect	NOUN
cjfa-59255	45	19	from	from	ADP
cjfa-59255	45	20	april	april	PROPN
cjfa-59255	45	21	1	1	NUM
cjfa-59255	45	22	,	,	PUNCT
cjfa-59255	45	23	2014	2014	NUM
cjfa-59255	45	24	,	,	PUNCT
cjfa-59255	45	25	many	many	ADJ
cjfa-59255	45	26	of	of	ADP
cjfa-59255	45	27	the	the	DET
cjfa-59255	45	28	companies	company	NOUN
cjfa-59255	45	29	either	either	CCONJ
cjfa-59255	45	30	did	do	AUX
cjfa-59255	45	31	not	not	PART
cjfa-59255	45	32	invest	invest	VERB
cjfa-59255	45	33	in	in	ADP
cjfa-59255	45	34	csr	csr	ADJ
cjfa-59255	45	35	-	-	ADJ
cjfa-59255	45	36	related	relate	VERB
cjfa-59255	45	37	activities	activity	NOUN
cjfa-59255	45	38	immediately	immediately	ADV
cjfa-59255	45	39	,	,	PUNCT
cjfa-59255	45	40	or	or	CCONJ
cjfa-59255	45	41	did	do	AUX
cjfa-59255	45	42	not	not	PART
cjfa-59255	45	43	report	report	VERB
cjfa-59255	45	44	their	their	PRON
cjfa-59255	45	45	csr	csr	NOUN
cjfa-59255	45	46	expenditure	expenditure	NOUN
cjfa-59255	45	47	until	until	ADP
cjfa-59255	45	48	2015	2015	NUM
cjfa-59255	45	49	,	,	PUNCT
cjfa-59255	45	50	with	with	ADP
cjfa-59255	45	51	the	the	DET
cjfa-59255	45	52	expectation	expectation	NOUN
cjfa-59255	45	53	of	of	ADP
cjfa-59255	45	54	a	a	DET
cjfa-59255	45	55	change	change	NOUN
cjfa-59255	45	56	in	in	ADP
cjfa-59255	45	57	government	government	NOUN
cjfa-59255	45	58	in	in	ADP
cjfa-59255	45	59	2014	2014	NUM
cjfa-59255	45	60	(	(	PUNCT
cjfa-59255	45	61	kumar	kumar	PROPN
cjfa-59255	45	62	&	&	CCONJ
cjfa-59255	45	63	singh	singh	PROPN
cjfa-59255	45	64	,	,	PUNCT
cjfa-59255	45	65	2024	2024	NUM
cjfa-59255	45	66	)	)	PUNCT
cjfa-59255	45	67	.	.	PUNCT
cjfa-59255	46	1	thus	thus	ADV
cjfa-59255	46	2	,	,	PUNCT
cjfa-59255	46	3	with	with	ADP
cjfa-59255	46	4	the	the	DET
cjfa-59255	46	5	new	new	ADJ
cjfa-59255	46	6	government	government	NOUN
cjfa-59255	46	7	reinforcing	reinforce	VERB
cjfa-59255	46	8	the	the	DET
cjfa-59255	46	9	csr	csr	NOUN
cjfa-59255	46	10	regulation	regulation	NOUN
cjfa-59255	46	11	,	,	PUNCT
cjfa-59255	46	12	most	most	ADJ
cjfa-59255	46	13	of	of	ADP
cjfa-59255	46	14	the	the	DET
cjfa-59255	46	15	companies	company	NOUN
cjfa-59255	46	16	started	start	VERB
cjfa-59255	46	17	reporting	report	VERB
cjfa-59255	46	18	the	the	DET
cjfa-59255	46	19	csr	csr	NOUN
cjfa-59255	46	20	expenditure	expenditure	NOUN
cjfa-59255	46	21	data	datum	NOUN
cjfa-59255	46	22	from	from	ADP
cjfa-59255	46	23	2016	2016	NUM
cjfa-59255	46	24	onwards	onward	NOUN
cjfa-59255	46	25	.	.	PUNCT
cjfa-59255	47	1	with	with	ADP
cjfa-59255	47	2	the	the	DET
cjfa-59255	47	3	limited	limited	ADJ
cjfa-59255	47	4	data	datum	NOUN
cjfa-59255	47	5	of	of	ADP
cjfa-59255	47	6	the	the	DET
cjfa-59255	47	7	initial	initial	ADJ
cjfa-59255	47	8	two	two	NUM
cjfa-59255	47	9	years	year	NOUN
cjfa-59255	47	10	(	(	PUNCT
cjfa-59255	47	11	2014–2016	2014–2016	NUM
cjfa-59255	47	12	)	)	PUNCT
cjfa-59255	47	13	,	,	PUNCT
cjfa-59255	47	14	data	datum	NOUN
cjfa-59255	47	15	utilized	utilize	VERB
cjfa-59255	47	16	by	by	ADP
cjfa-59255	47	17	marshall	marshall	PROPN
cjfa-59255	47	18	et	et	PROPN
cjfa-59255	47	19	al	al	PROPN
cjfa-59255	47	20	.	.	PROPN
cjfa-59255	48	1	(	(	PUNCT
cjfa-59255	48	2	2022	2022	NUM
cjfa-59255	48	3	)	)	PUNCT
cjfa-59255	48	4	can	can	AUX
cjfa-59255	48	5	lead	lead	VERB
cjfa-59255	48	6	to	to	ADP
cjfa-59255	48	7	a	a	DET
cjfa-59255	48	8	selection	selection	NOUN
cjfa-59255	48	9	bias	bias	NOUN
cjfa-59255	48	10	and	and	CCONJ
cjfa-59255	48	11	provide	provide	VERB
cjfa-59255	48	12	skewed	skewed	ADJ
cjfa-59255	48	13	insights	insight	NOUN
cjfa-59255	48	14	.	.	PUNCT
cjfa-59255	49	1	we	we	PRON
cjfa-59255	49	2	extend	extend	VERB
cjfa-59255	49	3	the	the	DET
cjfa-59255	49	4	data	datum	NOUN
cjfa-59255	49	5	to	to	ADP
cjfa-59255	49	6	2020	2020	NUM
cjfa-59255	49	7	to	to	PART
cjfa-59255	49	8	develop	develop	VERB
cjfa-59255	49	9	a	a	DET
cjfa-59255	49	10	better	well	ADJ
cjfa-59255	49	11	understanding	understanding	NOUN
cjfa-59255	49	12	of	of	ADP
cjfa-59255	49	13	the	the	DET
cjfa-59255	49	14	regulation	regulation	NOUN
cjfa-59255	49	15	.	.	PUNCT
cjfa-59255	50	1	secondly	secondly	ADV
cjfa-59255	50	2	,	,	PUNCT
cjfa-59255	50	3	rahman	rahman	PROPN
cjfa-59255	50	4	geeta	geeta	PROPN
cjfa-59255	50	5	singh114114	singh114114	PROPN
cjfa-59255	50	6	(	(	PUNCT
cjfa-59255	50	7	2021	2021	NUM
cjfa-59255	50	8	)	)	PUNCT
cjfa-59255	50	9	motivates	motivate	VERB
cjfa-59255	50	10	us	we	PRON
cjfa-59255	50	11	to	to	PART
cjfa-59255	50	12	investigate	investigate	VERB
cjfa-59255	50	13	the	the	DET
cjfa-59255	50	14	role	role	NOUN
cjfa-59255	50	15	of	of	ADP
cjfa-59255	50	16	fiis	fiis	NOUN
cjfa-59255	50	17	regarding	regard	VERB
cjfa-59255	50	18	the	the	DET
cjfa-59255	50	19	csr	csr	NOUN
cjfa-59255	50	20	compliance	compliance	NOUN
cjfa-59255	50	21	,	,	PUNCT
cjfa-59255	50	22	as	as	SCONJ
cjfa-59255	50	23	he	he	PRON
cjfa-59255	50	24	shows	show	VERB
cjfa-59255	50	25	that	that	SCONJ
cjfa-59255	50	26	an	an	DET
cjfa-59255	50	27	increase	increase	NOUN
cjfa-59255	50	28	in	in	ADP
cjfa-59255	50	29	the	the	DET
cjfa-59255	50	30	shareholding	shareholding	NOUN
cjfa-59255	50	31	of	of	ADP
cjfa-59255	50	32	the	the	DET
cjfa-59255	50	33	institutional	institutional	ADJ
cjfa-59255	50	34	investors	investor	NOUN
cjfa-59255	50	35	leads	lead	VERB
cjfa-59255	50	36	to	to	ADP
cjfa-59255	50	37	more	more	ADJ
cjfa-59255	50	38	compliance	compliance	NOUN
cjfa-59255	50	39	with	with	ADP
cjfa-59255	50	40	the	the	DET
cjfa-59255	50	41	csr	csr	NOUN
cjfa-59255	50	42	expenditure	expenditure	NOUN
cjfa-59255	50	43	regulation	regulation	NOUN
cjfa-59255	50	44	.	.	PUNCT
cjfa-59255	51	1	however	however	ADV
cjfa-59255	51	2	,	,	PUNCT
cjfa-59255	51	3	rahman	rahman	PROPN
cjfa-59255	51	4	(	(	PUNCT
cjfa-59255	51	5	2021	2021	NUM
cjfa-59255	51	6	)	)	PUNCT
cjfa-59255	51	7	considers	consider	VERB
cjfa-59255	51	8	only	only	ADV
cjfa-59255	51	9	either	either	CCONJ
cjfa-59255	51	10	presence	presence	NOUN
cjfa-59255	51	11	or	or	CCONJ
cjfa-59255	51	12	absence	absence	NOUN
cjfa-59255	51	13	of	of	ADP
cjfa-59255	51	14	the	the	DET
cjfa-59255	51	15	foreign	foreign	ADJ
cjfa-59255	51	16	institutional	institutional	ADJ
cjfa-59255	51	17	investors	investor	NOUN
cjfa-59255	51	18	by	by	ADP
cjfa-59255	51	19	introducing	introduce	VERB
cjfa-59255	51	20	a	a	DET
cjfa-59255	51	21	binary	binary	ADJ
cjfa-59255	51	22	variable	variable	NOUN
cjfa-59255	51	23	to	to	PART
cjfa-59255	51	24	depict	depict	VERB
cjfa-59255	51	25	this	this	PRON
cjfa-59255	51	26	,	,	PUNCT
cjfa-59255	51	27	ignoring	ignore	VERB
cjfa-59255	51	28	the	the	DET
cjfa-59255	51	29	extent	extent	NOUN
cjfa-59255	51	30	of	of	ADP
cjfa-59255	51	31	their	their	PRON
cjfa-59255	51	32	holding	holding	NOUN
cjfa-59255	51	33	.	.	PUNCT
cjfa-59255	52	1	we	we	PRON
cjfa-59255	52	2	analyze	analyze	VERB
cjfa-59255	52	3	the	the	DET
cjfa-59255	52	4	extent	extent	NOUN
cjfa-59255	52	5	of	of	ADP
cjfa-59255	52	6	fii	fii	PROPN
cjfa-59255	52	7	participation	participation	NOUN
cjfa-59255	52	8	by	by	ADP
cjfa-59255	52	9	their	their	PRON
cjfa-59255	52	10	percent	percent	NOUN
cjfa-59255	52	11	of	of	ADP
cjfa-59255	52	12	shareholding	shareholding	NOUN
cjfa-59255	52	13	in	in	ADP
cjfa-59255	52	14	the	the	DET
cjfa-59255	52	15	firm	firm	NOUN
cjfa-59255	52	16	,	,	PUNCT
cjfa-59255	52	17	as	as	ADP
cjfa-59255	52	18	a	a	DET
cjfa-59255	52	19	continuous	continuous	ADJ
cjfa-59255	52	20	variable	variable	NOUN
cjfa-59255	52	21	,	,	PUNCT
cjfa-59255	52	22	emphasizing	emphasize	VERB
cjfa-59255	52	23	on	on	ADP
cjfa-59255	52	24	the	the	DET
cjfa-59255	52	25	level	level	NOUN
cjfa-59255	52	26	of	of	ADP
cjfa-59255	52	27	fiis	fiis	NOUN
cjfa-59255	52	28	’	'	PUNCT
cjfa-59255	52	29	holding	holding	NOUN
cjfa-59255	52	30	.	.	PUNCT
cjfa-59255	53	1	this	this	PRON
cjfa-59255	53	2	is	be	AUX
cjfa-59255	53	3	because	because	SCONJ
cjfa-59255	53	4	the	the	DET
cjfa-59255	53	5	block	block	NOUN
cjfa-59255	53	6	holding	holding	NOUN
cjfa-59255	53	7	by	by	ADP
cjfa-59255	53	8	fiis	fiis	NOUN
cjfa-59255	53	9	would	would	AUX
cjfa-59255	53	10	impact	impact	VERB
cjfa-59255	53	11	the	the	DET
cjfa-59255	53	12	firm	firm	NOUN
cjfa-59255	53	13	’s	’s	PART
cjfa-59255	53	14	decision	decision	NOUN
cjfa-59255	53	15	to	to	ADP
cjfa-59255	53	16	a	a	DET
cjfa-59255	53	17	greater	great	ADJ
cjfa-59255	53	18	extent	extent	NOUN
cjfa-59255	53	19	than	than	ADP
cjfa-59255	53	20	fiis	fiis	ADJ
cjfa-59255	53	21	being	be	AUX
cjfa-59255	53	22	minority	minority	NOUN
cjfa-59255	53	23	shareholders	shareholder	NOUN
cjfa-59255	53	24	.	.	PUNCT
cjfa-59255	54	1	with	with	ADP
cjfa-59255	54	2	this	this	DET
cjfa-59255	54	3	background	background	NOUN
cjfa-59255	54	4	,	,	PUNCT
cjfa-59255	54	5	we	we	PRON
cjfa-59255	54	6	develop	develop	VERB
cjfa-59255	54	7	the	the	DET
cjfa-59255	54	8	following	follow	VERB
cjfa-59255	54	9	hypothesis	hypothesis	NOUN
cjfa-59255	54	10	:	:	PUNCT
cjfa-59255	54	11	h1	h1	NOUN
cjfa-59255	54	12	:	:	PUNCT
cjfa-59255	54	13	foreign	foreign	ADJ
cjfa-59255	54	14	institutional	institutional	ADJ
cjfa-59255	54	15	investors	investor	NOUN
cjfa-59255	54	16	decrease	decrease	VERB
cjfa-59255	54	17	the	the	DET
cjfa-59255	54	18	non	non	NOUN
cjfa-59255	54	19	-	-	NOUN
cjfa-59255	54	20	compliance	compliance	NOUN
cjfa-59255	54	21	with	with	ADP
cjfa-59255	54	22	the	the	DET
cjfa-59255	54	23	mandatory	mandatory	ADJ
cjfa-59255	54	24	csr	csr	NOUN
cjfa-59255	54	25	expenditure	expenditure	NOUN
cjfa-59255	54	26	.	.	PUNCT
cjfa-59255	55	1	the	the	DET
cjfa-59255	55	2	study	study	NOUN
cjfa-59255	55	3	is	be	AUX
cjfa-59255	55	4	organized	organize	VERB
cjfa-59255	55	5	in	in	ADP
cjfa-59255	55	6	five	five	NUM
cjfa-59255	55	7	sections	section	NOUN
cjfa-59255	55	8	.	.	PUNCT
cjfa-59255	56	1	section	section	NOUN
cjfa-59255	56	2	2	2	NUM
cjfa-59255	56	3	provides	provide	VERB
cjfa-59255	56	4	data	datum	NOUN
cjfa-59255	56	5	utilized	utilize	VERB
cjfa-59255	56	6	and	and	CCONJ
cjfa-59255	56	7	methodology	methodology	NOUN
cjfa-59255	56	8	adopted	adopt	VERB
cjfa-59255	56	9	for	for	ADP
cjfa-59255	56	10	this	this	DET
cjfa-59255	56	11	study	study	NOUN
cjfa-59255	56	12	.	.	PUNCT
cjfa-59255	57	1	in	in	ADP
cjfa-59255	57	2	section	section	NOUN
cjfa-59255	57	3	3	3	NUM
cjfa-59255	57	4	,	,	PUNCT
cjfa-59255	57	5	results	result	NOUN
cjfa-59255	57	6	are	be	AUX
cjfa-59255	57	7	presented	present	VERB
cjfa-59255	57	8	with	with	ADP
cjfa-59255	57	9	a	a	DET
cjfa-59255	57	10	discussion	discussion	NOUN
cjfa-59255	57	11	on	on	ADP
cjfa-59255	57	12	the	the	DET
cjfa-59255	57	13	findings	finding	NOUN
cjfa-59255	57	14	.	.	PUNCT
cjfa-59255	58	1	section	section	NOUN
cjfa-59255	58	2	4	4	NUM
cjfa-59255	58	3	provides	provide	VERB
cjfa-59255	58	4	additional	additional	ADJ
cjfa-59255	58	5	analysis	analysis	NOUN
cjfa-59255	58	6	,	,	PUNCT
cjfa-59255	58	7	and	and	CCONJ
cjfa-59255	58	8	,	,	PUNCT
cjfa-59255	58	9	finally	finally	ADV
cjfa-59255	58	10	,	,	PUNCT
cjfa-59255	58	11	we	we	PRON
cjfa-59255	58	12	conclude	conclude	VERB
cjfa-59255	58	13	the	the	DET
cjfa-59255	58	14	paper	paper	NOUN
cjfa-59255	58	15	in	in	ADP
cjfa-59255	58	16	section	section	NOUN
cjfa-59255	58	17	5	5	NUM
cjfa-59255	58	18	.	.	PUNCT
cjfa-59255	59	1	data	datum	NOUN
cjfa-59255	59	2	and	and	CCONJ
cjfa-59255	59	3	methodologydata	methodologydata	NOUN
cjfa-59255	59	4	and	and	CCONJ
cjfa-59255	59	5	methodology	methodology	VERB
cjfa-59255	59	6	the	the	DET
cjfa-59255	59	7	sample	sample	NOUN
cjfa-59255	59	8	period	period	NOUN
cjfa-59255	59	9	for	for	ADP
cjfa-59255	59	10	the	the	DET
cjfa-59255	59	11	study	study	NOUN
cjfa-59255	59	12	is	be	AUX
cjfa-59255	59	13	from	from	ADP
cjfa-59255	59	14	2016	2016	NUM
cjfa-59255	59	15	to	to	ADP
cjfa-59255	59	16	2020	2020	NUM
cjfa-59255	59	17	,	,	PUNCT
cjfa-59255	59	18	since	since	SCONJ
cjfa-59255	59	19	we	we	PRON
cjfa-59255	59	20	exclude	exclude	VERB
cjfa-59255	59	21	covid-19	covid-19	PROPN
cjfa-59255	59	22	pandemic	pandemic	ADJ
cjfa-59255	59	23	period	period	NOUN
cjfa-59255	59	24	of	of	ADP
cjfa-59255	59	25	2021	2021	NUM
cjfa-59255	59	26	and	and	CCONJ
cjfa-59255	59	27	2022	2022	NUM
cjfa-59255	59	28	.	.	PUNCT
cjfa-59255	60	1	according	accord	VERB
cjfa-59255	60	2	to	to	ADP
cjfa-59255	60	3	the	the	DET
cjfa-59255	60	4	report	report	NOUN
cjfa-59255	60	5	by	by	ADP
cjfa-59255	60	6	dasra	dasra	ADJ
cjfa-59255	60	7	and	and	CCONJ
cjfa-59255	60	8	bain	bain	PROPN
cjfa-59255	60	9	&	&	CCONJ
cjfa-59255	60	10	company	company	PROPN
cjfa-59255	60	11	,	,	PUNCT
cjfa-59255	60	12	titled	title	VERB
cjfa-59255	60	13	“	"	PUNCT
cjfa-59255	60	14	india	india	PROPN
cjfa-59255	60	15	philanthropy	philanthropy	PROPN
cjfa-59255	60	16	report	report	VERB
cjfa-59255	60	17	2021	2021	NUM
cjfa-59255	60	18	”	"	PUNCT
cjfa-59255	60	19	,	,	PUNCT
cjfa-59255	60	20	domestic	domestic	ADJ
cjfa-59255	60	21	firms	firm	NOUN
cjfa-59255	60	22	of	of	ADP
cjfa-59255	60	23	the	the	DET
cjfa-59255	60	24	country	country	NOUN
cjfa-59255	60	25	have	have	AUX
cjfa-59255	60	26	experienced	experience	VERB
cjfa-59255	60	27	a	a	DET
cjfa-59255	60	28	decline	decline	NOUN
cjfa-59255	60	29	in	in	ADP
cjfa-59255	60	30	profitability	profitability	NOUN
cjfa-59255	60	31	during	during	ADP
cjfa-59255	60	32	the	the	DET
cjfa-59255	60	33	2020–2021	2020–2021	NUM
cjfa-59255	60	34	period	period	NOUN
cjfa-59255	60	35	,	,	PUNCT
cjfa-59255	60	36	such	such	ADJ
cjfa-59255	60	37	that	that	SCONJ
cjfa-59255	60	38	the	the	DET
cjfa-59255	60	39	listed	list	VERB
cjfa-59255	60	40	companies	company	NOUN
cjfa-59255	60	41	’	’	PART
cjfa-59255	60	42	profitability	profitability	NOUN
cjfa-59255	60	43	had	have	AUX
cjfa-59255	60	44	reduced	reduce	VERB
cjfa-59255	60	45	by	by	ADP
cjfa-59255	60	46	62	62	NUM
cjfa-59255	60	47	percent	percent	NOUN
cjfa-59255	60	48	in	in	ADP
cjfa-59255	60	49	the	the	DET
cjfa-59255	60	50	months	month	NOUN
cjfa-59255	60	51	immediately	immediately	ADV
cjfa-59255	60	52	following	follow	VERB
cjfa-59255	60	53	india	india	PROPN
cjfa-59255	60	54	’s	’s	PART
cjfa-59255	60	55	initial	initial	ADJ
cjfa-59255	60	56	covid-19	covid-19	PROPN
cjfa-59255	60	57	lockdowns	lockdown	NOUN
cjfa-59255	60	58	(	(	PUNCT
cjfa-59255	60	59	www2	www2	PROPN
cjfa-59255	60	60	)	)	PUNCT
cjfa-59255	60	61	.	.	PUNCT
cjfa-59255	61	1	the	the	DET
cjfa-59255	61	2	decrease	decrease	NOUN
cjfa-59255	61	3	in	in	ADP
cjfa-59255	61	4	profitability	profitability	NOUN
cjfa-59255	61	5	has	have	VERB
cjfa-59255	61	6	a	a	DET
cjfa-59255	61	7	direct	direct	ADJ
cjfa-59255	61	8	impact	impact	NOUN
cjfa-59255	61	9	on	on	ADP
cjfa-59255	61	10	the	the	DET
cjfa-59255	61	11	csr	csr	NOUN
cjfa-59255	61	12	expenditure	expenditure	NOUN
cjfa-59255	61	13	.	.	PUNCT
cjfa-59255	62	1	this	this	PRON
cjfa-59255	62	2	suggests	suggest	VERB
cjfa-59255	62	3	that	that	SCONJ
cjfa-59255	62	4	the	the	DET
cjfa-59255	62	5	objective	objective	NOUN
cjfa-59255	62	6	of	of	ADP
cjfa-59255	62	7	our	our	PRON
cjfa-59255	62	8	study	study	NOUN
cjfa-59255	62	9	to	to	PART
cjfa-59255	62	10	examine	examine	VERB
cjfa-59255	62	11	the	the	DET
cjfa-59255	62	12	impact	impact	NOUN
cjfa-59255	62	13	of	of	ADP
cjfa-59255	62	14	fii	fii	PROPN
cjfa-59255	62	15	on	on	ADP
cjfa-59255	62	16	csr	csr	X
cjfa-59255	62	17	expenditure	expenditure	NOUN
cjfa-59255	62	18	(	(	PUNCT
cjfa-59255	62	19	our	our	PRON
cjfa-59255	62	20	main	main	ADJ
cjfa-59255	62	21	argument	argument	NOUN
cjfa-59255	62	22	)	)	PUNCT
cjfa-59255	62	23	may	may	AUX
cjfa-59255	62	24	not	not	PART
cjfa-59255	62	25	remain	remain	VERB
cjfa-59255	62	26	robust	robust	ADJ
cjfa-59255	62	27	due	due	ADP
cjfa-59255	62	28	to	to	ADP
cjfa-59255	62	29	the	the	DET
cjfa-59255	62	30	inclusion	inclusion	NOUN
cjfa-59255	62	31	of	of	ADP
cjfa-59255	62	32	covid-19	covid-19	PROPN
cjfa-59255	62	33	periods	period	NOUN
cjfa-59255	62	34	.	.	PUNCT
cjfa-59255	63	1	therefore	therefore	ADV
cjfa-59255	63	2	,	,	PUNCT
cjfa-59255	63	3	it	it	PRON
cjfa-59255	63	4	is	be	AUX
cjfa-59255	63	5	important	important	ADJ
cjfa-59255	63	6	that	that	SCONJ
cjfa-59255	63	7	we	we	PRON
cjfa-59255	63	8	segregate	segregate	VERB
cjfa-59255	63	9	our	our	PRON
cjfa-59255	63	10	study	study	NOUN
cjfa-59255	63	11	period	period	NOUN
cjfa-59255	63	12	from	from	ADP
cjfa-59255	63	13	the	the	DET
cjfa-59255	63	14	covid-19	covid-19	PROPN
cjfa-59255	63	15	pandemic	pandemic	ADJ
cjfa-59255	63	16	period	period	NOUN
cjfa-59255	63	17	.	.	PUNCT
cjfa-59255	64	1	in	in	ADP
cjfa-59255	64	2	addition	addition	NOUN
cjfa-59255	64	3	,	,	PUNCT
cjfa-59255	64	4	vinod	vinod	PROPN
cjfa-59255	64	5	,	,	PUNCT
cjfa-59255	64	6	umesh	umesh	PROPN
cjfa-59255	64	7	,	,	PUNCT
cjfa-59255	64	8	and	and	CCONJ
cjfa-59255	64	9	sivakumar	sivakumar	PROPN
cjfa-59255	64	10	(	(	PUNCT
cjfa-59255	64	11	2023	2023	NUM
cjfa-59255	64	12	)	)	PUNCT
cjfa-59255	64	13	observe	observe	VERB
cjfa-59255	64	14	that	that	SCONJ
cjfa-59255	64	15	the	the	DET
cjfa-59255	64	16	behavior	behavior	NOUN
cjfa-59255	64	17	of	of	ADP
cjfa-59255	64	18	indian	indian	ADJ
cjfa-59255	64	19	firms	firm	NOUN
cjfa-59255	64	20	during	during	ADP
cjfa-59255	64	21	the	the	DET
cjfa-59255	64	22	covid-19	covid-19	PROPN
cjfa-59255	64	23	pandemic	pandemic	NOUN
cjfa-59255	64	24	changed	change	VERB
cjfa-59255	64	25	in	in	ADP
cjfa-59255	64	26	relation	relation	NOUN
cjfa-59255	64	27	to	to	ADP
cjfa-59255	64	28	the	the	DET
cjfa-59255	64	29	csr	csr	NOUN
cjfa-59255	64	30	expenditure	expenditure	NOUN
cjfa-59255	64	31	,	,	PUNCT
cjfa-59255	64	32	from	from	ADP
cjfa-59255	64	33	being	be	AUX
cjfa-59255	64	34	reactive	reactive	ADJ
cjfa-59255	64	35	to	to	ADP
cjfa-59255	64	36	proactive	proactive	VERB
cjfa-59255	64	37	during	during	ADP
cjfa-59255	64	38	the	the	DET
cjfa-59255	64	39	different	different	ADJ
cjfa-59255	64	40	phases	phase	NOUN
cjfa-59255	64	41	of	of	ADP
cjfa-59255	64	42	the	the	DET
cjfa-59255	64	43	pandemic	pandemic	NOUN
cjfa-59255	64	44	.	.	PUNCT
cjfa-59255	65	1	further	far	ADV
cjfa-59255	65	2	,	,	PUNCT
cjfa-59255	65	3	it	it	PRON
cjfa-59255	65	4	is	be	AUX
cjfa-59255	65	5	also	also	ADV
cjfa-59255	65	6	observed	observe	VERB
cjfa-59255	65	7	that	that	SCONJ
cjfa-59255	65	8	many	many	ADJ
cjfa-59255	65	9	fiis	fiis	NOUN
cjfa-59255	65	10	,	,	PUNCT
cjfa-59255	65	11	mostly	mostly	ADV
cjfa-59255	65	12	us	us	PROPN
cjfa-59255	65	13	-	-	PUNCT
cjfa-59255	65	14	based	base	VERB
cjfa-59255	65	15	funds	fund	NOUN
cjfa-59255	65	16	,	,	PUNCT
cjfa-59255	65	17	started	start	VERB
cjfa-59255	65	18	withdrawing	withdraw	VERB
cjfa-59255	65	19	from	from	ADP
cjfa-59255	65	20	the	the	DET
cjfa-59255	65	21	indian	indian	ADJ
cjfa-59255	65	22	markets	market	NOUN
cjfa-59255	65	23	since	since	SCONJ
cjfa-59255	65	24	january	january	PROPN
cjfa-59255	65	25	2022	2022	NUM
cjfa-59255	65	26	,	,	PUNCT
cjfa-59255	65	27	immediately	immediately	ADV
cjfa-59255	65	28	after	after	ADP
cjfa-59255	65	29	the	the	DET
cjfa-59255	65	30	covid-19	covid-19	PROPN
cjfa-59255	65	31	pandemic	pandemic	ADJ
cjfa-59255	65	32	(	(	PUNCT
cjfa-59255	65	33	www3	www3	PROPN
cjfa-59255	65	34	)	)	PUNCT
cjfa-59255	65	35	.	.	PUNCT
cjfa-59255	66	1	in	in	ADP
cjfa-59255	66	2	order	order	NOUN
cjfa-59255	66	3	to	to	PART
cjfa-59255	66	4	avoid	avoid	VERB
cjfa-59255	66	5	the	the	DET
cjfa-59255	66	6	confounding	confound	VERB
cjfa-59255	66	7	impact	impact	NOUN
cjfa-59255	66	8	of	of	ADP
cjfa-59255	66	9	covid-19	covid-19	PROPN
cjfa-59255	66	10	on	on	SCONJ
cjfa-59255	66	11	do	do	VERB
cjfa-59255	66	12	foreign	foreign	ADJ
cjfa-59255	66	13	institutional	institutional	ADJ
cjfa-59255	66	14	investors	investor	NOUN
cjfa-59255	66	15	impact	impact	VERB
cjfa-59255	66	16	compliance	compliance	NOUN
cjfa-59255	66	17	…	…	PUNCT
cjfa-59255	66	18	115115	115115	NUM
cjfa-59255	66	19	fiis	fiis	NOUN
cjfa-59255	66	20	,	,	PUNCT
cjfa-59255	66	21	as	as	ADV
cjfa-59255	66	22	well	well	ADV
cjfa-59255	66	23	as	as	ADP
cjfa-59255	66	24	csr	csr	NOUN
cjfa-59255	66	25	expenditure	expenditure	NOUN
cjfa-59255	66	26	,	,	PUNCT
cjfa-59255	66	27	we	we	PRON
cjfa-59255	66	28	confine	confine	VERB
cjfa-59255	66	29	our	our	PRON
cjfa-59255	66	30	study	study	NOUN
cjfa-59255	66	31	until	until	ADP
cjfa-59255	66	32	2020	2020	NUM
cjfa-59255	66	33	.	.	PUNCT
cjfa-59255	67	1	considering	consider	VERB
cjfa-59255	67	2	the	the	DET
cjfa-59255	67	3	fact	fact	NOUN
cjfa-59255	67	4	that	that	SCONJ
cjfa-59255	67	5	csr	csr	NOUN
cjfa-59255	67	6	regulation	regulation	NOUN
cjfa-59255	67	7	came	come	VERB
cjfa-59255	67	8	into	into	ADP
cjfa-59255	67	9	existence	existence	NOUN
cjfa-59255	67	10	in	in	ADP
cjfa-59255	67	11	2014	2014	NUM
cjfa-59255	67	12	,	,	PUNCT
cjfa-59255	67	13	with	with	ADP
cjfa-59255	67	14	most	most	ADJ
cjfa-59255	67	15	of	of	ADP
cjfa-59255	67	16	the	the	DET
cjfa-59255	67	17	firms	firm	NOUN
cjfa-59255	67	18	reporting	report	VERB
cjfa-59255	67	19	csr	csr	NOUN
cjfa-59255	67	20	expenditure	expenditure	NOUN
cjfa-59255	67	21	from	from	ADP
cjfa-59255	67	22	2016	2016	NUM
cjfa-59255	67	23	only	only	ADV
cjfa-59255	67	24	(	(	PUNCT
cjfa-59255	67	25	kumar	kumar	PROPN
cjfa-59255	67	26	&	&	CCONJ
cjfa-59255	67	27	singh	singh	PROPN
cjfa-59255	67	28	,	,	PUNCT
cjfa-59255	67	29	2024	2024	NUM
cjfa-59255	67	30	)	)	PUNCT
cjfa-59255	67	31	,	,	PUNCT
cjfa-59255	67	32	our	our	PRON
cjfa-59255	67	33	data	datum	NOUN
cjfa-59255	67	34	starts	start	VERB
cjfa-59255	67	35	from	from	ADP
cjfa-59255	67	36	2016	2016	NUM
cjfa-59255	67	37	.	.	PUNCT
cjfa-59255	68	1	firm	firm	ADJ
cjfa-59255	68	2	-	-	PUNCT
cjfa-59255	68	3	level	level	NOUN
cjfa-59255	68	4	data	datum	NOUN
cjfa-59255	68	5	is	be	AUX
cjfa-59255	68	6	sourced	source	VERB
cjfa-59255	68	7	from	from	ADP
cjfa-59255	68	8	prowess	prowess	NOUN
cjfa-59255	68	9	,	,	PUNCT
cjfa-59255	68	10	a	a	DET
cjfa-59255	68	11	database	database	NOUN
cjfa-59255	68	12	for	for	ADP
cjfa-59255	68	13	the	the	DET
cjfa-59255	68	14	financial	financial	ADJ
cjfa-59255	68	15	performance	performance	NOUN
cjfa-59255	68	16	of	of	ADP
cjfa-59255	68	17	the	the	DET
cjfa-59255	68	18	companies	company	NOUN
cjfa-59255	68	19	to	to	ADP
cjfa-59255	68	20	decipher	decipher	ADJ
cjfa-59255	68	21	trends	trend	NOUN
cjfa-59255	68	22	in	in	ADP
cjfa-59255	68	23	the	the	DET
cjfa-59255	68	24	indian	indian	ADJ
cjfa-59255	68	25	economy	economy	NOUN
cjfa-59255	68	26	and	and	CCONJ
cjfa-59255	68	27	maintained	maintain	VERB
cjfa-59255	68	28	by	by	ADP
cjfa-59255	68	29	the	the	DET
cjfa-59255	68	30	centre	centre	NOUN
cjfa-59255	68	31	for	for	ADP
cjfa-59255	68	32	monitoring	monitor	VERB
cjfa-59255	68	33	indian	indian	ADJ
cjfa-59255	68	34	economy	economy	NOUN
cjfa-59255	68	35	(	(	PUNCT
cjfa-59255	68	36	cmie	cmie	PROPN
cjfa-59255	68	37	)	)	PUNCT
cjfa-59255	68	38	.	.	PUNCT
cjfa-59255	69	1	our	our	PRON
cjfa-59255	69	2	final	final	ADJ
cjfa-59255	69	3	dataset	dataset	NOUN
cjfa-59255	69	4	consists	consist	NOUN
cjfa-59255	69	5	of	of	ADP
cjfa-59255	69	6	3328	3328	NUM
cjfa-59255	69	7	firm	firm	ADJ
cjfa-59255	69	8	-	-	PUNCT
cjfa-59255	69	9	year	year	NOUN
cjfa-59255	69	10	observations	observation	NOUN
cjfa-59255	69	11	from	from	ADP
cjfa-59255	69	12	1423	1423	NUM
cjfa-59255	69	13	non	non	ADJ
cjfa-59255	69	14	-	-	ADJ
cjfa-59255	69	15	financial	financial	ADJ
cjfa-59255	69	16	firms	firm	NOUN
cjfa-59255	69	17	listed	list	VERB
cjfa-59255	69	18	on	on	ADP
cjfa-59255	69	19	the	the	DET
cjfa-59255	69	20	national	national	PROPN
cjfa-59255	69	21	stock	stock	PROPN
cjfa-59255	69	22	exchange	exchange	PROPN
cjfa-59255	69	23	and	and	CCONJ
cjfa-59255	69	24	bombay	bombay	PROPN
cjfa-59255	69	25	stock	stock	PROPN
cjfa-59255	69	26	exchange	exchange	PROPN
cjfa-59255	69	27	,	,	PUNCT
cjfa-59255	69	28	after	after	ADP
cjfa-59255	69	29	excluding	exclude	VERB
cjfa-59255	69	30	government	government	NOUN
cjfa-59255	69	31	and	and	CCONJ
cjfa-59255	69	32	financial	financial	ADJ
cjfa-59255	69	33	firms	firm	NOUN
cjfa-59255	69	34	,	,	PUNCT
cjfa-59255	69	35	those	those	PRON
cjfa-59255	69	36	with	with	ADP
cjfa-59255	69	37	missing	miss	VERB
cjfa-59255	69	38	observations	observation	NOUN
cjfa-59255	69	39	.	.	PUNCT
cjfa-59255	70	1	we	we	PRON
cjfa-59255	70	2	test	test	VERB
cjfa-59255	70	3	the	the	DET
cjfa-59255	70	4	hypothesized	hypothesized	ADJ
cjfa-59255	70	5	relation	relation	NOUN
cjfa-59255	70	6	through	through	ADP
cjfa-59255	70	7	the	the	DET
cjfa-59255	70	8	following	following	ADJ
cjfa-59255	70	9	model	model	NOUN
cjfa-59255	70	10	:	:	PUNCT
cjfa-59255	70	11	𝑁𝑁𝑁𝑁	𝑁𝑁𝑁𝑁	PROPN
cjfa-59255	70	12	�	�	PROPN
cjfa-59255	70	13	�	�	PROPN
cjfa-59255	70	14	�	�	PROPN
cjfa-59255	70	15	𝛽𝛽	𝛽𝛽	ADP
cjfa-59255	70	16	�	�	PROPN
cjfa-59255	70	17	�	�	PROPN
cjfa-59255	70	18	𝛽𝛽	𝛽𝛽	ADP
cjfa-59255	70	19	�	�	PROPN
cjfa-59255	70	20	𝐹𝐹𝐹𝐹𝐹𝐹	𝐹𝐹𝐹𝐹𝐹𝐹	PROPN
cjfa-59255	70	21	�	�	PROPN
cjfa-59255	70	22	�	�	PROPN
cjfa-59255	70	23	�	�	PROPN
cjfa-59255	70	24	𝛽𝛽	𝛽𝛽	ADP
cjfa-59255	70	25	�	�	PROPN
cjfa-59255	70	26	𝑋𝑋	𝑋𝑋	PROPN
cjfa-59255	70	27	�	�	PROPN
cjfa-59255	70	28	�	�	PROPN
cjfa-59255	70	29	�	�	PROPN
cjfa-59255	70	30	𝛽𝛽	𝛽𝛽	ADP
cjfa-59255	70	31	�	�	PROPN
cjfa-59255	70	32	𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹	𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹	PROPN
cjfa-59255	70	33	𝐹𝐹	𝐹𝐹	PROPN
cjfa-59255	70	34	�	�	PROPN
cjfa-59255	70	35	�	�	PROPN
cjfa-59255	70	36	𝐹𝐹	𝐹𝐹	PROPN
cjfa-59255	70	37	�	�	PROPN
cjfa-59255	70	38	�	�	PROPN
cjfa-59255	70	39	�	�	PROPN
cjfa-59255	70	40	�	�	PROPN
cjfa-59255	70	41	�	�	PROPN
cjfa-59255	70	42	�	�	PROPN
cjfa-59255	70	43	�	�	PROPN
cjfa-59255	70	44	(	(	PUNCT
cjfa-59255	70	45	1	1	NUM
cjfa-59255	70	46	)	)	PUNCT
cjfa-59255	70	47	where	where	SCONJ
cjfa-59255	70	48	xi	xi	PROPN
cjfa-59255	70	49	,	,	PUNCT
cjfa-59255	70	50	t	t	PROPN
cjfa-59255	70	51	is	be	AUX
cjfa-59255	70	52	a	a	DET
cjfa-59255	70	53	vector	vector	NOUN
cjfa-59255	70	54	of	of	ADP
cjfa-59255	70	55	firmand	firmand	PROPN
cjfa-59255	70	56	industryspecific	industryspecific	ADJ
cjfa-59255	70	57	variables	variable	NOUN
cjfa-59255	70	58	following	follow	VERB
cjfa-59255	70	59	the	the	DET
cjfa-59255	70	60	extant	extant	ADJ
cjfa-59255	70	61	literature	literature	NOUN
cjfa-59255	70	62	,	,	PUNCT
cjfa-59255	70	63	explained	explain	VERB
cjfa-59255	70	64	in	in	ADP
cjfa-59255	70	65	table	table	NOUN
cjfa-59255	70	66	1	1	NUM
cjfa-59255	70	67	.	.	PUNCT
cjfa-59255	71	1	fii	fii	PROPN
cjfa-59255	71	2	represents	represent	VERB
cjfa-59255	71	3	a	a	DET
cjfa-59255	71	4	continuous	continuous	ADJ
cjfa-59255	71	5	variable	variable	NOUN
cjfa-59255	71	6	,	,	PUNCT
cjfa-59255	71	7	measuring	measure	VERB
cjfa-59255	71	8	the	the	DET
cjfa-59255	71	9	engagement	engagement	NOUN
cjfa-59255	71	10	of	of	ADP
cjfa-59255	71	11	the	the	DET
cjfa-59255	71	12	foreign	foreign	ADJ
cjfa-59255	71	13	institutional	institutional	ADJ
cjfa-59255	71	14	investors	investor	NOUN
cjfa-59255	71	15	through	through	ADP
cjfa-59255	71	16	their	their	PRON
cjfa-59255	71	17	percent	percent	NOUN
cjfa-59255	71	18	shareholding	shareholding	NOUN
cjfa-59255	71	19	in	in	ADP
cjfa-59255	71	20	the	the	DET
cjfa-59255	71	21	firm	firm	NOUN
cjfa-59255	71	22	.	.	PUNCT
cjfa-59255	72	1	𝑁𝑁𝑁𝑁	𝑁𝑁𝑁𝑁	PROPN
cjfa-59255	72	2	�	�	PROPN
cjfa-59255	72	3	�	�	PROPN
cjfa-59255	72	4	is	be	AUX
cjfa-59255	72	5	a	a	DET
cjfa-59255	72	6	continuous	continuous	ADJ
cjfa-59255	72	7	variable	variable	NOUN
cjfa-59255	72	8	for	for	ADP
cjfa-59255	72	9	measuring	measure	VERB
cjfa-59255	72	10	non	non	ADJ
cjfa-59255	72	11	-	-	NOUN
cjfa-59255	72	12	compliance	compliance	NOUN
cjfa-59255	72	13	with	with	ADP
cjfa-59255	72	14	csr	csr	NOUN
cjfa-59255	72	15	expenditure	expenditure	NOUN
cjfa-59255	72	16	in	in	ADP
cjfa-59255	72	17	ols	ol	NOUN
cjfa-59255	72	18	regression	regression	NOUN
cjfa-59255	72	19	as	as	ADP
cjfa-59255	72	20	n_csr	n_csr	NUM
cjfa-59255	72	21	;	;	PUNCT
cjfa-59255	72	22	and	and	CCONJ
cjfa-59255	72	23	for	for	ADP
cjfa-59255	72	24	logit	logit	PROPN
cjfa-59255	72	25	regression	regression	NOUN
cjfa-59255	72	26	,	,	PUNCT
cjfa-59255	72	27	𝑁𝑁𝑁𝑁	𝑁𝑁𝑁𝑁	PROPN
cjfa-59255	72	28	�	�	PROPN
cjfa-59255	72	29	�	�	PROPN
cjfa-59255	72	30	is	be	AUX
cjfa-59255	72	31	a	a	DET
cjfa-59255	72	32	dummy	dummy	ADJ
cjfa-59255	72	33	variable	variable	NOUN
cjfa-59255	72	34	assuming	assume	VERB
cjfa-59255	72	35	a	a	DET
cjfa-59255	72	36	value	value	NOUN
cjfa-59255	72	37	of	of	ADP
cjfa-59255	72	38	1	1	NUM
cjfa-59255	72	39	when	when	SCONJ
cjfa-59255	72	40	the	the	DET
cjfa-59255	72	41	firms	firm	NOUN
cjfa-59255	72	42	’	’	PART
cjfa-59255	72	43	mandatory	mandatory	ADJ
cjfa-59255	72	44	csr	csr	NOUN
cjfa-59255	72	45	expenditure	expenditure	NOUN
cjfa-59255	72	46	exceeds	exceed	VERB
cjfa-59255	72	47	actual	actual	ADJ
cjfa-59255	72	48	csr	csr	NOUN
cjfa-59255	72	49	expenditure	expenditure	NOUN
cjfa-59255	72	50	,	,	PUNCT
cjfa-59255	72	51	and	and	CCONJ
cjfa-59255	72	52	0	0	NUM
cjfa-59255	72	53	otherwise	otherwise	ADV
cjfa-59255	72	54	.	.	PUNCT
cjfa-59255	73	1	table	table	NOUN
cjfa-59255	73	2	1	1	NUM
cjfa-59255	73	3	.	.	PUNCT
cjfa-59255	74	1	variables	variable	NOUN
cjfa-59255	74	2	definition	definition	NOUN
cjfa-59255	74	3	variables	variable	VERB
cjfa-59255	74	4	definition	definition	NOUN
cjfa-59255	74	5	variable	variable	ADJ
cjfa-59255	74	6	definition	definition	NOUN
cjfa-59255	74	7	actual	actual	ADJ
cjfa-59255	74	8	csr	csr	X
cjfa-59255	74	9	expenditure	expenditure	NOUN
cjfa-59255	74	10	(	(	PUNCT
cjfa-59255	74	11	acsr	acsr	PROPN
cjfa-59255	74	12	)	)	PUNCT
cjfa-59255	74	13	it	it	PRON
cjfa-59255	74	14	is	be	AUX
cjfa-59255	74	15	the	the	DET
cjfa-59255	74	16	actual	actual	ADJ
cjfa-59255	74	17	amount	amount	NOUN
cjfa-59255	74	18	spent	spend	VERB
cjfa-59255	74	19	by	by	ADP
cjfa-59255	74	20	the	the	DET
cjfa-59255	74	21	firm	firm	NOUN
cjfa-59255	74	22	on	on	ADP
cjfa-59255	74	23	csrrelated	csrrelated	ADJ
cjfa-59255	74	24	activities	activity	NOUN
cjfa-59255	74	25	in	in	ADP
cjfa-59255	74	26	a	a	DET
cjfa-59255	74	27	given	give	VERB
cjfa-59255	74	28	year	year	NOUN
cjfa-59255	74	29	.	.	PUNCT
cjfa-59255	75	1	non	non	ADJ
cjfa-59255	75	2	-	-	NOUN
cjfa-59255	75	3	compliance	compliance	ADJ
cjfa-59255	75	4	(	(	PUNCT
cjfa-59255	75	5	nc	nc	PROPN
cjfa-59255	75	6	)	)	PUNCT
cjfa-59255	75	7	it	it	PRON
cjfa-59255	75	8	is	be	AUX
cjfa-59255	75	9	a	a	DET
cjfa-59255	75	10	continuous	continuous	ADJ
cjfa-59255	75	11	variable	variable	NOUN
cjfa-59255	75	12	,	,	PUNCT
cjfa-59255	75	13	measured	measure	VERB
cjfa-59255	75	14	as	as	ADP
cjfa-59255	75	15	the	the	DET
cjfa-59255	75	16	difference	difference	NOUN
cjfa-59255	75	17	of	of	ADP
cjfa-59255	75	18	mandatory	mandatory	ADJ
cjfa-59255	75	19	csr	csr	NOUN
cjfa-59255	75	20	expenditure	expenditure	NOUN
cjfa-59255	75	21	and	and	CCONJ
cjfa-59255	75	22	actual	actual	ADJ
cjfa-59255	75	23	csr	csr	NOUN
cjfa-59255	75	24	expenditure	expenditure	NOUN
cjfa-59255	75	25	as	as	ADP
cjfa-59255	75	26	n_csr	n_csr	NOUN
cjfa-59255	75	27	.	.	PUNCT
cjfa-59255	76	1	it	it	PRON
cjfa-59255	76	2	is	be	AUX
cjfa-59255	76	3	a	a	DET
cjfa-59255	76	4	dummy	dummy	ADJ
cjfa-59255	76	5	variable	variable	NOUN
cjfa-59255	76	6	(	(	PUNCT
cjfa-59255	76	7	nc	nc	PROPN
cjfa-59255	76	8	)	)	PUNCT
cjfa-59255	76	9	assuming	assume	VERB
cjfa-59255	76	10	a	a	DET
cjfa-59255	76	11	value	value	NOUN
cjfa-59255	76	12	of	of	ADP
cjfa-59255	76	13	1	1	NUM
cjfa-59255	76	14	when	when	SCONJ
cjfa-59255	76	15	firm	firm	NOUN
cjfa-59255	76	16	does	do	AUX
cjfa-59255	76	17	not	not	PART
cjfa-59255	76	18	comply	comply	VERB
cjfa-59255	76	19	with	with	ADP
cjfa-59255	76	20	the	the	DET
cjfa-59255	76	21	mandatory	mandatory	ADJ
cjfa-59255	76	22	csr	csr	NOUN
cjfa-59255	76	23	expenditure	expenditure	NOUN
cjfa-59255	76	24	,	,	PUNCT
cjfa-59255	76	25	and	and	CCONJ
cjfa-59255	76	26	0	0	NUM
cjfa-59255	76	27	when	when	SCONJ
cjfa-59255	76	28	it	it	PRON
cjfa-59255	76	29	complies	comply	VERB
cjfa-59255	76	30	with	with	ADP
cjfa-59255	76	31	the	the	DET
cjfa-59255	76	32	regulation	regulation	NOUN
cjfa-59255	76	33	.	.	PUNCT
cjfa-59255	77	1	foreign	foreign	ADJ
cjfa-59255	77	2	institutional	institutional	ADJ
cjfa-59255	77	3	investors	investor	NOUN
cjfa-59255	77	4	(	(	PUNCT
cjfa-59255	77	5	fii	fii	PROPN
cjfa-59255	77	6	)	)	PUNCT
cjfa-59255	77	7	shareholding	shareholding	NOUN
cjfa-59255	77	8	of	of	ADP
cjfa-59255	77	9	foreign	foreign	ADJ
cjfa-59255	77	10	institutional	institutional	ADJ
cjfa-59255	77	11	investors	investor	NOUN
cjfa-59255	77	12	in	in	ADP
cjfa-59255	77	13	percent	percent	NOUN
cjfa-59255	77	14	.	.	PUNCT
cjfa-59255	78	1	leverage	leverage	NOUN
cjfa-59255	78	2	(	(	PUNCT
cjfa-59255	78	3	lev	lev	NOUN
cjfa-59255	78	4	)	)	PUNCT
cjfa-59255	78	5	ratio	ratio	NOUN
cjfa-59255	78	6	of	of	ADP
cjfa-59255	78	7	book	book	NOUN
cjfa-59255	78	8	value	value	NOUN
cjfa-59255	78	9	of	of	ADP
cjfa-59255	78	10	total	total	ADJ
cjfa-59255	78	11	borrowings	borrowing	NOUN
cjfa-59255	78	12	(	(	PUNCT
cjfa-59255	78	13	longterm	longterm	VERB
cjfa-59255	78	14	+	+	CCONJ
cjfa-59255	78	15	short	short	ADJ
cjfa-59255	78	16	-	-	PUNCT
cjfa-59255	78	17	term	term	NOUN
cjfa-59255	78	18	)	)	PUNCT
cjfa-59255	78	19	to	to	ADP
cjfa-59255	78	20	the	the	DET
cjfa-59255	78	21	total	total	ADJ
cjfa-59255	78	22	equity	equity	NOUN
cjfa-59255	78	23	of	of	ADP
cjfa-59255	78	24	the	the	DET
cjfa-59255	78	25	firm	firm	NOUN
cjfa-59255	78	26	.	.	PUNCT
cjfa-59255	79	1	age	age	NOUN
cjfa-59255	79	2	(	(	PUNCT
cjfa-59255	79	3	age	age	NOUN
cjfa-59255	79	4	)	)	PUNCT
cjfa-59255	79	5	number	number	NOUN
cjfa-59255	79	6	of	of	ADP
cjfa-59255	79	7	years	year	NOUN
cjfa-59255	79	8	since	since	SCONJ
cjfa-59255	79	9	inception	inception	NOUN
cjfa-59255	79	10	.	.	PUNCT
cjfa-59255	80	1	beta	beta	NOUN
cjfa-59255	80	2	(	(	PUNCT
cjfa-59255	80	3	beta	beta	NOUN
cjfa-59255	80	4	)	)	PUNCT
cjfa-59255	80	5	the	the	DET
cjfa-59255	80	6	slope	slope	NOUN
cjfa-59255	80	7	coefficient	coefficient	NOUN
cjfa-59255	80	8	of	of	ADP
cjfa-59255	80	9	regression	regression	NOUN
cjfa-59255	80	10	of	of	ADP
cjfa-59255	80	11	a	a	DET
cjfa-59255	80	12	firm	firm	NOUN
cjfa-59255	80	13	’s	’s	PART
cjfa-59255	80	14	monthly	monthly	ADJ
cjfa-59255	80	15	returns	return	NOUN
cjfa-59255	80	16	on	on	ADP
cjfa-59255	80	17	the	the	DET
cjfa-59255	80	18	market	market	NOUN
cjfa-59255	80	19	returns	return	NOUN
cjfa-59255	80	20	.	.	PUNCT
cjfa-59255	81	1	cash	cash	NOUN
cjfa-59255	81	2	ratio	ratio	NOUN
cjfa-59255	81	3	(	(	PUNCT
cjfa-59255	81	4	cr	cr	NOUN
cjfa-59255	81	5	)	)	PUNCT
cjfa-59255	81	6	cash	cash	NOUN
cjfa-59255	81	7	and	and	CCONJ
cjfa-59255	81	8	cash	cash	NOUN
cjfa-59255	81	9	equivalents	equivalent	NOUN
cjfa-59255	81	10	as	as	ADP
cjfa-59255	81	11	a	a	DET
cjfa-59255	81	12	proportion	proportion	NOUN
cjfa-59255	81	13	of	of	ADP
cjfa-59255	81	14	firm	firm	NOUN
cjfa-59255	81	15	’s	’s	PART
cjfa-59255	81	16	total	total	ADJ
cjfa-59255	81	17	assets	asset	NOUN
cjfa-59255	81	18	.	.	PUNCT
cjfa-59255	82	1	(	(	PUNCT
cjfa-59255	82	2	1	1	X
cjfa-59255	82	3	)	)	PUNCT
cjfa-59255	82	4	where	where	SCONJ
cjfa-59255	82	5	xi	xi	PROPN
cjfa-59255	82	6	,	,	PUNCT
cjfa-59255	82	7	t	t	PROPN
cjfa-59255	82	8	is	be	AUX
cjfa-59255	82	9	a	a	DET
cjfa-59255	82	10	vector	vector	NOUN
cjfa-59255	82	11	of	of	ADP
cjfa-59255	82	12	firmand	firmand	PROPN
cjfa-59255	82	13	industryspecific	industryspecific	ADJ
cjfa-59255	82	14	variables	variable	NOUN
cjfa-59255	82	15	following	follow	VERB
cjfa-59255	82	16	the	the	DET
cjfa-59255	82	17	extant	extant	ADJ
cjfa-59255	82	18	literature	literature	NOUN
cjfa-59255	82	19	,	,	PUNCT
cjfa-59255	82	20	explained	explain	VERB
cjfa-59255	82	21	in	in	ADP
cjfa-59255	82	22	table	table	NOUN
cjfa-59255	82	23	1	1	NUM
cjfa-59255	82	24	.	.	PUNCT
cjfa-59255	83	1	fii	fii	PROPN
cjfa-59255	83	2	represents	represent	VERB
cjfa-59255	83	3	a	a	DET
cjfa-59255	83	4	continuous	continuous	ADJ
cjfa-59255	83	5	variable	variable	NOUN
cjfa-59255	83	6	,	,	PUNCT
cjfa-59255	83	7	measuring	measure	VERB
cjfa-59255	83	8	the	the	DET
cjfa-59255	83	9	engagement	engagement	NOUN
cjfa-59255	83	10	of	of	ADP
cjfa-59255	83	11	the	the	DET
cjfa-59255	83	12	foreign	foreign	ADJ
cjfa-59255	83	13	institutional	institutional	ADJ
cjfa-59255	83	14	investors	investor	NOUN
cjfa-59255	83	15	through	through	ADP
cjfa-59255	83	16	their	their	PRON
cjfa-59255	83	17	percent	percent	NOUN
cjfa-59255	83	18	shareholding	shareholding	NOUN
cjfa-59255	83	19	in	in	ADP
cjfa-59255	83	20	the	the	DET
cjfa-59255	83	21	firm	firm	NOUN
cjfa-59255	83	22	.	.	PUNCT
cjfa-59255	84	1	ncit	ncit	NOUN
cjfa-59255	84	2	is	be	AUX
cjfa-59255	84	3	a	a	DET
cjfa-59255	84	4	continuous	continuous	ADJ
cjfa-59255	84	5	variable	variable	NOUN
cjfa-59255	84	6	for	for	ADP
cjfa-59255	84	7	measuring	measure	VERB
cjfa-59255	84	8	non	non	ADJ
cjfa-59255	84	9	-	-	NOUN
cjfa-59255	84	10	compliance	compliance	NOUN
cjfa-59255	84	11	with	with	ADP
cjfa-59255	84	12	csr	csr	NOUN
cjfa-59255	84	13	expenditure	expenditure	NOUN
cjfa-59255	84	14	in	in	ADP
cjfa-59255	84	15	ols	ol	NOUN
cjfa-59255	84	16	regression	regression	NOUN
cjfa-59255	84	17	as	as	ADP
cjfa-59255	84	18	n_csr	n_csr	NUM
cjfa-59255	84	19	;	;	PUNCT
cjfa-59255	84	20	and	and	CCONJ
cjfa-59255	84	21	for	for	ADP
cjfa-59255	84	22	logit	logit	PROPN
cjfa-59255	84	23	regression	regression	NOUN
cjfa-59255	84	24	,	,	PUNCT
cjfa-59255	84	25	ncit	ncit	NOUN
cjfa-59255	84	26	is	be	AUX
cjfa-59255	84	27	a	a	DET
cjfa-59255	84	28	dummy	dummy	ADJ
cjfa-59255	84	29	variable	variable	NOUN
cjfa-59255	84	30	assuming	assume	VERB
cjfa-59255	84	31	a	a	DET
cjfa-59255	84	32	value	value	NOUN
cjfa-59255	84	33	of	of	ADP
cjfa-59255	84	34	1	1	NUM
cjfa-59255	84	35	when	when	SCONJ
cjfa-59255	84	36	the	the	DET
cjfa-59255	84	37	firms	firm	NOUN
cjfa-59255	84	38	’	’	PART
cjfa-59255	84	39	mandatory	mandatory	ADJ
cjfa-59255	84	40	csr	csr	NOUN
cjfa-59255	84	41	expenditure	expenditure	NOUN
cjfa-59255	84	42	exceeds	exceed	VERB
cjfa-59255	84	43	actual	actual	ADJ
cjfa-59255	84	44	csr	csr	NOUN
cjfa-59255	84	45	expenditure	expenditure	NOUN
cjfa-59255	84	46	,	,	PUNCT
cjfa-59255	84	47	and	and	CCONJ
cjfa-59255	84	48	0	0	NUM
cjfa-59255	84	49	otherwise	otherwise	ADV
cjfa-59255	84	50	.	.	PUNCT
cjfa-59255	85	1	table	table	NOUN
cjfa-59255	85	2	1	1	NUM
cjfa-59255	85	3	.	.	PUNCT
cjfa-59255	86	1	variables	variable	NOUN
cjfa-59255	86	2	definition	definition	NOUN
cjfa-59255	86	3	variable	variable	ADJ
cjfa-59255	86	4	definition	definition	NOUN
cjfa-59255	86	5	actual	actual	ADJ
cjfa-59255	86	6	csr	csr	X
cjfa-59255	86	7	expenditure	expenditure	NOUN
cjfa-59255	86	8	(	(	PUNCT
cjfa-59255	86	9	acsr	acsr	PROPN
cjfa-59255	86	10	)	)	PUNCT
cjfa-59255	86	11	it	it	PRON
cjfa-59255	86	12	is	be	AUX
cjfa-59255	86	13	the	the	DET
cjfa-59255	86	14	actual	actual	ADJ
cjfa-59255	86	15	amount	amount	NOUN
cjfa-59255	86	16	spent	spend	VERB
cjfa-59255	86	17	by	by	ADP
cjfa-59255	86	18	the	the	DET
cjfa-59255	86	19	firm	firm	NOUN
cjfa-59255	86	20	on	on	ADP
cjfa-59255	86	21	csr	csr	NOUN
cjfa-59255	86	22	-	-	ADJ
cjfa-59255	86	23	related	relate	VERB
cjfa-59255	86	24	activities	activity	NOUN
cjfa-59255	86	25	in	in	ADP
cjfa-59255	86	26	a	a	DET
cjfa-59255	86	27	given	give	VERB
cjfa-59255	86	28	year	year	NOUN
cjfa-59255	86	29	.	.	PUNCT
cjfa-59255	87	1	non	non	ADJ
cjfa-59255	87	2	-	-	NOUN
cjfa-59255	87	3	compliance	compliance	ADJ
cjfa-59255	87	4	(	(	PUNCT
cjfa-59255	87	5	nc	nc	PROPN
cjfa-59255	87	6	)	)	PUNCT
cjfa-59255	87	7	it	it	PRON
cjfa-59255	87	8	is	be	AUX
cjfa-59255	87	9	a	a	DET
cjfa-59255	87	10	continuous	continuous	ADJ
cjfa-59255	87	11	variable	variable	NOUN
cjfa-59255	87	12	,	,	PUNCT
cjfa-59255	87	13	measured	measure	VERB
cjfa-59255	87	14	as	as	ADP
cjfa-59255	87	15	the	the	DET
cjfa-59255	87	16	difference	difference	NOUN
cjfa-59255	87	17	of	of	ADP
cjfa-59255	87	18	mandatory	mandatory	ADJ
cjfa-59255	87	19	csr	csr	NOUN
cjfa-59255	87	20	expenditure	expenditure	NOUN
cjfa-59255	87	21	and	and	CCONJ
cjfa-59255	87	22	actual	actual	ADJ
cjfa-59255	87	23	csr	csr	NOUN
cjfa-59255	87	24	expenditure	expenditure	NOUN
cjfa-59255	87	25	as	as	ADP
cjfa-59255	87	26	n_csr	n_csr	NOUN
cjfa-59255	87	27	.	.	PUNCT
cjfa-59255	88	1	it	it	PRON
cjfa-59255	88	2	is	be	AUX
cjfa-59255	88	3	a	a	DET
cjfa-59255	88	4	dummy	dummy	ADJ
cjfa-59255	88	5	variable	variable	NOUN
cjfa-59255	88	6	(	(	PUNCT
cjfa-59255	88	7	nc	nc	PROPN
cjfa-59255	88	8	)	)	PUNCT
cjfa-59255	88	9	assuming	assume	VERB
cjfa-59255	88	10	a	a	DET
cjfa-59255	88	11	value	value	NOUN
cjfa-59255	88	12	of	of	ADP
cjfa-59255	88	13	1	1	NUM
cjfa-59255	88	14	when	when	SCONJ
cjfa-59255	88	15	firm	firm	NOUN
cjfa-59255	88	16	does	do	AUX
cjfa-59255	88	17	not	not	PART
cjfa-59255	88	18	comply	comply	VERB
cjfa-59255	88	19	with	with	ADP
cjfa-59255	88	20	the	the	DET
cjfa-59255	88	21	mandatory	mandatory	ADJ
cjfa-59255	88	22	csr	csr	NOUN
cjfa-59255	88	23	expenditure	expenditure	NOUN
cjfa-59255	88	24	,	,	PUNCT
cjfa-59255	88	25	and	and	CCONJ
cjfa-59255	88	26	0	0	NUM
cjfa-59255	88	27	when	when	SCONJ
cjfa-59255	88	28	it	it	PRON
cjfa-59255	88	29	complies	comply	VERB
cjfa-59255	88	30	with	with	ADP
cjfa-59255	88	31	the	the	DET
cjfa-59255	88	32	regulation	regulation	NOUN
cjfa-59255	88	33	.	.	PUNCT
cjfa-59255	89	1	foreign	foreign	ADJ
cjfa-59255	89	2	institutional	institutional	ADJ
cjfa-59255	89	3	investors	investor	NOUN
cjfa-59255	89	4	(	(	PUNCT
cjfa-59255	89	5	fii	fii	PROPN
cjfa-59255	89	6	)	)	PUNCT
cjfa-59255	89	7	shareholding	shareholding	NOUN
cjfa-59255	89	8	of	of	ADP
cjfa-59255	89	9	foreign	foreign	ADJ
cjfa-59255	89	10	institutional	institutional	ADJ
cjfa-59255	89	11	investors	investor	NOUN
cjfa-59255	89	12	in	in	ADP
cjfa-59255	89	13	percent	percent	NOUN
cjfa-59255	89	14	.	.	PUNCT
cjfa-59255	90	1	leverage	leverage	NOUN
cjfa-59255	90	2	(	(	PUNCT
cjfa-59255	90	3	lev	lev	NOUN
cjfa-59255	90	4	)	)	PUNCT
cjfa-59255	90	5	ratio	ratio	NOUN
cjfa-59255	90	6	of	of	ADP
cjfa-59255	90	7	book	book	NOUN
cjfa-59255	90	8	value	value	NOUN
cjfa-59255	90	9	of	of	ADP
cjfa-59255	90	10	total	total	ADJ
cjfa-59255	90	11	borrowings	borrowing	NOUN
cjfa-59255	90	12	(	(	PUNCT
cjfa-59255	90	13	long	long	ADJ
cjfa-59255	90	14	-	-	PUNCT
cjfa-59255	90	15	term	term	NOUN
cjfa-59255	90	16	+	+	CCONJ
cjfa-59255	90	17	short	short	ADJ
cjfa-59255	90	18	-	-	PUNCT
cjfa-59255	90	19	term	term	NOUN
cjfa-59255	90	20	)	)	PUNCT
cjfa-59255	90	21	to	to	ADP
cjfa-59255	90	22	the	the	DET
cjfa-59255	90	23	total	total	ADJ
cjfa-59255	90	24	equity	equity	NOUN
cjfa-59255	90	25	of	of	ADP
cjfa-59255	90	26	the	the	DET
cjfa-59255	90	27	firm	firm	NOUN
cjfa-59255	90	28	.	.	PUNCT
cjfa-59255	91	1	age	age	NOUN
cjfa-59255	91	2	(	(	PUNCT
cjfa-59255	91	3	age	age	NOUN
cjfa-59255	91	4	)	)	PUNCT
cjfa-59255	91	5	number	number	NOUN
cjfa-59255	91	6	of	of	ADP
cjfa-59255	91	7	years	year	NOUN
cjfa-59255	91	8	since	since	SCONJ
cjfa-59255	91	9	inception	inception	NOUN
cjfa-59255	91	10	.	.	PUNCT
cjfa-59255	92	1	beta	beta	NOUN
cjfa-59255	92	2	(	(	PUNCT
cjfa-59255	92	3	beta	beta	NOUN
cjfa-59255	92	4	)	)	PUNCT
cjfa-59255	92	5	the	the	DET
cjfa-59255	92	6	slope	slope	NOUN
cjfa-59255	92	7	coefficient	coefficient	NOUN
cjfa-59255	92	8	of	of	ADP
cjfa-59255	92	9	regression	regression	NOUN
cjfa-59255	92	10	of	of	ADP
cjfa-59255	92	11	a	a	DET
cjfa-59255	92	12	firm	firm	NOUN
cjfa-59255	92	13	’s	’s	PART
cjfa-59255	92	14	monthly	monthly	ADJ
cjfa-59255	92	15	returns	return	NOUN
cjfa-59255	92	16	on	on	ADP
cjfa-59255	92	17	the	the	DET
cjfa-59255	92	18	market	market	NOUN
cjfa-59255	92	19	returns	return	NOUN
cjfa-59255	92	20	.	.	PUNCT
cjfa-59255	93	1	geeta	geeta	PROPN
cjfa-59255	93	2	singh116116	singh116116	PROPN
cjfa-59255	93	3	variable	variable	ADJ
cjfa-59255	93	4	definition	definition	NOUN
cjfa-59255	93	5	cash	cash	NOUN
cjfa-59255	93	6	ratio	ratio	NOUN
cjfa-59255	93	7	(	(	PUNCT
cjfa-59255	93	8	cr	cr	NOUN
cjfa-59255	93	9	)	)	PUNCT
cjfa-59255	93	10	cash	cash	NOUN
cjfa-59255	93	11	and	and	CCONJ
cjfa-59255	93	12	cash	cash	NOUN
cjfa-59255	93	13	equivalents	equivalent	NOUN
cjfa-59255	93	14	as	as	ADP
cjfa-59255	93	15	a	a	DET
cjfa-59255	93	16	proportion	proportion	NOUN
cjfa-59255	93	17	of	of	ADP
cjfa-59255	93	18	firm	firm	NOUN
cjfa-59255	93	19	’s	’s	PART
cjfa-59255	93	20	total	total	ADJ
cjfa-59255	93	21	assets	asset	NOUN
cjfa-59255	93	22	.	.	PUNCT
cjfa-59255	94	1	profitability	profitability	NOUN
cjfa-59255	94	2	(	(	PUNCT
cjfa-59255	94	3	roa	roa	NOUN
cjfa-59255	94	4	)	)	PUNCT
cjfa-59255	94	5	return	return	NOUN
cjfa-59255	94	6	on	on	ADP
cjfa-59255	94	7	assets	asset	NOUN
cjfa-59255	94	8	is	be	AUX
cjfa-59255	94	9	proxied	proxie	VERB
cjfa-59255	94	10	by	by	ADP
cjfa-59255	94	11	the	the	DET
cjfa-59255	94	12	ratio	ratio	NOUN
cjfa-59255	94	13	of	of	ADP
cjfa-59255	94	14	profit	profit	NOUN
cjfa-59255	94	15	after	after	ADP
cjfa-59255	94	16	taxes	taxis	NOUN
cjfa-59255	94	17	and	and	CCONJ
cjfa-59255	94	18	total	total	ADJ
cjfa-59255	94	19	assets	asset	NOUN
cjfa-59255	94	20	.	.	PUNCT
cjfa-59255	95	1	size	size	NOUN
cjfa-59255	95	2	(	(	PUNCT
cjfa-59255	95	3	size	size	NOUN
cjfa-59255	95	4	)	)	PUNCT
cjfa-59255	95	5	natural	natural	ADJ
cjfa-59255	95	6	log	log	NOUN
cjfa-59255	95	7	of	of	ADP
cjfa-59255	95	8	firm	firm	NOUN
cjfa-59255	95	9	’s	’s	PART
cjfa-59255	95	10	total	total	ADJ
cjfa-59255	95	11	assets	asset	NOUN
cjfa-59255	95	12	.	.	PUNCT
cjfa-59255	96	1	promoter	promoter	NOUN
cjfa-59255	96	2	ownership	ownership	NOUN
cjfa-59255	96	3	(	(	PUNCT
cjfa-59255	96	4	po	po	NOUN
cjfa-59255	96	5	)	)	PUNCT
cjfa-59255	96	6	proportion	proportion	NOUN
cjfa-59255	96	7	of	of	ADP
cjfa-59255	96	8	the	the	DET
cjfa-59255	96	9	promoters	promoter	NOUN
cjfa-59255	96	10	’	'	PUNCT
cjfa-59255	96	11	shareholding	shareholding	NOUN
cjfa-59255	96	12	in	in	ADP
cjfa-59255	96	13	the	the	DET
cjfa-59255	96	14	firm	firm	NOUN
cjfa-59255	96	15	(	(	PUNCT
cjfa-59255	96	16	in	in	ADP
cjfa-59255	96	17	percent	percent	NOUN
cjfa-59255	96	18	)	)	PUNCT
cjfa-59255	96	19	.	.	PUNCT
cjfa-59255	97	1	s	s	PART
cjfa-59255	97	2	o	o	X
cjfa-59255	97	3	u	u	NOUN
cjfa-59255	97	4	r	r	NOUN
cjfa-59255	97	5	c	c	NOUN
cjfa-59255	97	6	e	e	NOUN
cjfa-59255	97	7	:	:	PUNCT
cjfa-59255	97	8	compiled	compile	VERB
cjfa-59255	97	9	by	by	ADP
cjfa-59255	97	10	authors	author	NOUN
cjfa-59255	97	11	.	.	PUNCT
cjfa-59255	98	1	empirical	empirical	ADJ
cjfa-59255	98	2	results	result	NOUN
cjfa-59255	98	3	and	and	CCONJ
cjfa-59255	98	4	discussionempirical	discussionempirical	ADJ
cjfa-59255	98	5	results	result	NOUN
cjfa-59255	98	6	and	and	CCONJ
cjfa-59255	98	7	discussion	discussion	NOUN
cjfa-59255	98	8	first	first	ADV
cjfa-59255	98	9	,	,	PUNCT
cjfa-59255	98	10	we	we	PRON
cjfa-59255	98	11	report	report	VERB
cjfa-59255	98	12	the	the	DET
cjfa-59255	98	13	sample	sample	NOUN
cjfa-59255	98	14	statistics	statistic	NOUN
cjfa-59255	98	15	of	of	ADP
cjfa-59255	98	16	all	all	DET
cjfa-59255	98	17	the	the	DET
cjfa-59255	98	18	variables	variable	NOUN
cjfa-59255	98	19	in	in	ADP
cjfa-59255	98	20	table	table	NOUN
cjfa-59255	98	21	2	2	NUM
cjfa-59255	98	22	(	(	PUNCT
cjfa-59255	98	23	panel	panel	NOUN
cjfa-59255	98	24	a	a	NOUN
cjfa-59255	98	25	)	)	PUNCT
cjfa-59255	98	26	.	.	PUNCT
cjfa-59255	99	1	the	the	DET
cjfa-59255	99	2	nc	nc	PROPN
cjfa-59255	99	3	variable	variable	PROPN
cjfa-59255	99	4	is	be	AUX
cjfa-59255	99	5	0.35	0.35	NUM
cjfa-59255	99	6	,	,	PUNCT
cjfa-59255	99	7	suggesting	suggest	VERB
cjfa-59255	99	8	that	that	SCONJ
cjfa-59255	99	9	35	35	NUM
cjfa-59255	99	10	percent	percent	NOUN
cjfa-59255	99	11	of	of	ADP
cjfa-59255	99	12	firm	firm	ADJ
cjfa-59255	99	13	-	-	PUNCT
cjfa-59255	99	14	year	year	NOUN
cjfa-59255	99	15	observations	observation	NOUN
cjfa-59255	99	16	are	be	AUX
cjfa-59255	99	17	not	not	PART
cjfa-59255	99	18	complying	comply	VERB
cjfa-59255	99	19	with	with	ADP
cjfa-59255	99	20	the	the	DET
cjfa-59255	99	21	mandatory	mandatory	ADJ
cjfa-59255	99	22	csr	csr	NOUN
cjfa-59255	99	23	expenditure	expenditure	NOUN
cjfa-59255	99	24	.	.	PUNCT
cjfa-59255	100	1	fii	fii	PROPN
cjfa-59255	100	2	mean	mean	ADJ
cjfa-59255	100	3	value	value	NOUN
cjfa-59255	100	4	is	be	AUX
cjfa-59255	100	5	7.8	7.8	NUM
cjfa-59255	100	6	percent	percent	NOUN
cjfa-59255	100	7	,	,	PUNCT
cjfa-59255	100	8	such	such	ADJ
cjfa-59255	100	9	that	that	SCONJ
cjfa-59255	100	10	in	in	ADP
cjfa-59255	100	11	indian	indian	ADJ
cjfa-59255	100	12	firms	firm	NOUN
cjfa-59255	100	13	,	,	PUNCT
cjfa-59255	100	14	the	the	DET
cjfa-59255	100	15	average	average	ADJ
cjfa-59255	100	16	shareholding	shareholding	NOUN
cjfa-59255	100	17	by	by	ADP
cjfa-59255	100	18	fiis	fiis	NOUN
cjfa-59255	100	19	is	be	AUX
cjfa-59255	100	20	7.8	7.8	NUM
cjfa-59255	100	21	percent	percent	NOUN
cjfa-59255	100	22	;	;	PUNCT
cjfa-59255	100	23	however	however	ADV
cjfa-59255	100	24	,	,	PUNCT
cjfa-59255	100	25	it	it	PRON
cjfa-59255	100	26	is	be	AUX
cjfa-59255	100	27	maximum	maximum	ADJ
cjfa-59255	100	28	to	to	ADP
cjfa-59255	100	29	the	the	DET
cjfa-59255	100	30	extent	extent	NOUN
cjfa-59255	100	31	of	of	ADP
cjfa-59255	100	32	52	52	NUM
cjfa-59255	100	33	percent	percent	NOUN
cjfa-59255	100	34	,	,	PUNCT
cjfa-59255	100	35	while	while	SCONJ
cjfa-59255	100	36	some	some	DET
cjfa-59255	100	37	firms	firm	NOUN
cjfa-59255	100	38	do	do	AUX
cjfa-59255	100	39	not	not	PART
cjfa-59255	100	40	have	have	VERB
cjfa-59255	100	41	participation	participation	NOUN
cjfa-59255	100	42	from	from	ADP
cjfa-59255	100	43	these	these	DET
cjfa-59255	100	44	investors	investor	NOUN
cjfa-59255	100	45	(	(	PUNCT
cjfa-59255	100	46	minimum	minimum	ADJ
cjfa-59255	100	47	being	be	AUX
cjfa-59255	100	48	zero	zero	NUM
cjfa-59255	100	49	)	)	PUNCT
cjfa-59255	100	50	.	.	PUNCT
cjfa-59255	101	1	maximum	maximum	ADJ
cjfa-59255	101	2	and	and	CCONJ
cjfa-59255	101	3	minimum	minimum	ADJ
cjfa-59255	101	4	values	value	NOUN
cjfa-59255	101	5	of	of	ADP
cjfa-59255	101	6	age	age	NOUN
cjfa-59255	101	7	,	,	PUNCT
cjfa-59255	101	8	lev	lev	NOUN
cjfa-59255	101	9	,	,	PUNCT
cjfa-59255	101	10	profitability	profitability	NOUN
cjfa-59255	101	11	,	,	PUNCT
cjfa-59255	101	12	beta	beta	NOUN
cjfa-59255	101	13	and	and	CCONJ
cjfa-59255	101	14	size	size	NOUN
cjfa-59255	101	15	show	show	VERB
cjfa-59255	101	16	that	that	SCONJ
cjfa-59255	101	17	our	our	PRON
cjfa-59255	101	18	sample	sample	NOUN
cjfa-59255	101	19	has	have	VERB
cjfa-59255	101	20	a	a	DET
cjfa-59255	101	21	mix	mix	NOUN
cjfa-59255	101	22	of	of	ADP
cjfa-59255	101	23	firms	firm	NOUN
cjfa-59255	101	24	at	at	ADP
cjfa-59255	101	25	different	different	ADJ
cjfa-59255	101	26	stages	stage	NOUN
cjfa-59255	101	27	of	of	ADP
cjfa-59255	101	28	life	life	NOUN
cjfa-59255	101	29	cycle	cycle	NOUN
cjfa-59255	101	30	,	,	PUNCT
cjfa-59255	101	31	level	level	NOUN
cjfa-59255	101	32	of	of	ADP
cjfa-59255	101	33	debt	debt	NOUN
cjfa-59255	101	34	,	,	PUNCT
cjfa-59255	101	35	profits	profit	NOUN
cjfa-59255	101	36	generated	generate	VERB
cjfa-59255	101	37	,	,	PUNCT
cjfa-59255	101	38	risk	risk	NOUN
cjfa-59255	101	39	,	,	PUNCT
cjfa-59255	101	40	and	and	CCONJ
cjfa-59255	101	41	size	size	NOUN
cjfa-59255	101	42	.	.	PUNCT
cjfa-59255	102	1	in	in	ADP
cjfa-59255	102	2	a	a	DET
cjfa-59255	102	3	balance	balance	NOUN
cjfa-59255	102	4	sample	sample	NOUN
cjfa-59255	102	5	,	,	PUNCT
cjfa-59255	102	6	our	our	PRON
cjfa-59255	102	7	data	datum	NOUN
cjfa-59255	102	8	constitutes	constitute	VERB
cjfa-59255	102	9	2,387	2,387	NUM
cjfa-59255	102	10	firm	firm	ADJ
cjfa-59255	102	11	-	-	PUNCT
cjfa-59255	102	12	year	year	NOUN
cjfa-59255	102	13	observations	observation	NOUN
cjfa-59255	102	14	.	.	PUNCT
cjfa-59255	103	1	we	we	PRON
cjfa-59255	103	2	also	also	ADV
cjfa-59255	103	3	conduct	conduct	VERB
cjfa-59255	103	4	a	a	DET
cjfa-59255	103	5	univariate	univariate	ADJ
cjfa-59255	103	6	test	test	NOUN
cjfa-59255	103	7	for	for	ADP
cjfa-59255	103	8	the	the	DET
cjfa-59255	103	9	difference	difference	NOUN
cjfa-59255	103	10	in	in	ADP
cjfa-59255	103	11	the	the	DET
cjfa-59255	103	12	mean	mean	ADJ
cjfa-59255	103	13	value	value	NOUN
cjfa-59255	103	14	of	of	ADP
cjfa-59255	103	15	fiis	fiis	NOUN
cjfa-59255	103	16	’	'	PUNCT
cjfa-59255	103	17	shareholding	shareholding	NOUN
cjfa-59255	103	18	for	for	ADP
cjfa-59255	103	19	firms	firm	NOUN
cjfa-59255	103	20	complying	comply	VERB
cjfa-59255	103	21	with	with	ADP
cjfa-59255	103	22	csr	csr	NOUN
cjfa-59255	103	23	regulation	regulation	NOUN
cjfa-59255	103	24	in	in	ADP
cjfa-59255	103	25	terms	term	NOUN
cjfa-59255	103	26	of	of	ADP
cjfa-59255	103	27	the	the	DET
cjfa-59255	103	28	expenditure	expenditure	NOUN
cjfa-59255	103	29	they	they	PRON
cjfa-59255	103	30	are	be	AUX
cjfa-59255	103	31	making	make	VERB
cjfa-59255	103	32	towards	towards	ADP
cjfa-59255	103	33	csr	csr	NOUN
cjfa-59255	103	34	activities	activity	NOUN
cjfa-59255	103	35	in	in	ADP
cjfa-59255	103	36	panel	panel	NOUN
cjfa-59255	103	37	(	(	PUNCT
cjfa-59255	103	38	b	b	NOUN
cjfa-59255	103	39	)	)	PUNCT
cjfa-59255	103	40	table	table	NOUN
cjfa-59255	103	41	2	2	NUM
cjfa-59255	103	42	.	.	X
cjfa-59255	104	1	for	for	ADP
cjfa-59255	104	2	this	this	PRON
cjfa-59255	104	3	,	,	PUNCT
cjfa-59255	104	4	we	we	PRON
cjfa-59255	104	5	divide	divide	VERB
cjfa-59255	104	6	our	our	PRON
cjfa-59255	104	7	sample	sample	NOUN
cjfa-59255	104	8	into	into	ADP
cjfa-59255	104	9	two	two	NUM
cjfa-59255	104	10	sub	sub	NOUN
cjfa-59255	104	11	-	-	NOUN
cjfa-59255	104	12	samples	sample	NOUN
cjfa-59255	104	13	–	–	PUNCT
cjfa-59255	104	14	complying	comply	VERB
cjfa-59255	104	15	firms	firm	NOUN
cjfa-59255	104	16	and	and	CCONJ
cjfa-59255	104	17	non	non	ADJ
cjfa-59255	104	18	-	-	ADJ
cjfa-59255	104	19	complying	complying	ADJ
cjfa-59255	104	20	firms	firm	NOUN
cjfa-59255	104	21	–	–	PUNCT
cjfa-59255	104	22	and	and	CCONJ
cjfa-59255	104	23	calculate	calculate	VERB
cjfa-59255	104	24	the	the	DET
cjfa-59255	104	25	average	average	ADJ
cjfa-59255	104	26	fii	fii	PROPN
cjfa-59255	104	27	holding	holding	NOUN
cjfa-59255	104	28	of	of	ADP
cjfa-59255	104	29	these	these	DET
cjfa-59255	104	30	categories	category	NOUN
cjfa-59255	104	31	.	.	PUNCT
cjfa-59255	105	1	we	we	PRON
cjfa-59255	105	2	observe	observe	VERB
cjfa-59255	105	3	that	that	SCONJ
cjfa-59255	105	4	the	the	DET
cjfa-59255	105	5	mean	mean	ADJ
cjfa-59255	105	6	fii	fii	PROPN
cjfa-59255	105	7	is	be	AUX
cjfa-59255	105	8	7.492	7.492	NUM
cjfa-59255	105	9	percent	percent	NOUN
cjfa-59255	105	10	for	for	ADP
cjfa-59255	105	11	firms	firm	NOUN
cjfa-59255	105	12	which	which	PRON
cjfa-59255	105	13	are	be	AUX
cjfa-59255	105	14	following	follow	VERB
cjfa-59255	105	15	csr	csr	NOUN
cjfa-59255	105	16	expenditure	expenditure	NOUN
cjfa-59255	105	17	mandate	mandate	NOUN
cjfa-59255	105	18	(	(	PUNCT
cjfa-59255	105	19	fii_c	fii_c	PROPN
cjfa-59255	105	20	)	)	PUNCT
cjfa-59255	105	21	,	,	PUNCT
cjfa-59255	105	22	whereas	whereas	SCONJ
cjfa-59255	105	23	it	it	PRON
cjfa-59255	105	24	is	be	AUX
cjfa-59255	105	25	7.293	7.293	NUM
cjfa-59255	105	26	percent	percent	NOUN
cjfa-59255	105	27	for	for	ADP
cjfa-59255	105	28	non	non	ADJ
cjfa-59255	105	29	-	-	ADJ
cjfa-59255	105	30	complying	complying	ADJ
cjfa-59255	105	31	firms	firm	NOUN
cjfa-59255	105	32	(	(	PUNCT
cjfa-59255	105	33	fii_nc	fii_nc	NOUN
cjfa-59255	105	34	)	)	PUNCT
cjfa-59255	105	35	.	.	PUNCT
cjfa-59255	106	1	difference	difference	NOUN
cjfa-59255	106	2	in	in	ADP
cjfa-59255	106	3	the	the	DET
cjfa-59255	106	4	mean	mean	NOUN
cjfa-59255	106	5	of	of	ADP
cjfa-59255	106	6	fii	fii	PROPN
cjfa-59255	106	7	shareholding	shareholding	NOUN
cjfa-59255	106	8	in	in	ADP
cjfa-59255	106	9	these	these	DET
cjfa-59255	106	10	subsamples	subsample	NOUN
cjfa-59255	106	11	is	be	AUX
cjfa-59255	106	12	0.199	0.199	NUM
cjfa-59255	106	13	,	,	PUNCT
cjfa-59255	106	14	which	which	PRON
cjfa-59255	106	15	is	be	AUX
cjfa-59255	106	16	significant	significant	ADJ
cjfa-59255	106	17	.	.	PUNCT
cjfa-59255	107	1	this	this	PRON
cjfa-59255	107	2	supports	support	VERB
cjfa-59255	107	3	our	our	PRON
cjfa-59255	107	4	argument	argument	NOUN
cjfa-59255	107	5	that	that	SCONJ
cjfa-59255	107	6	there	there	PRON
cjfa-59255	107	7	is	be	VERB
cjfa-59255	107	8	a	a	DET
cjfa-59255	107	9	relation	relation	NOUN
cjfa-59255	107	10	between	between	ADP
cjfa-59255	107	11	fiis	fiis	NOUN
cjfa-59255	107	12	and	and	CCONJ
cjfa-59255	107	13	csr	csr	NOUN
cjfa-59255	107	14	expenditure	expenditure	NOUN
cjfa-59255	107	15	.	.	PUNCT
cjfa-59255	108	1	table	table	NOUN
cjfa-59255	108	2	1	1	NUM
cjfa-59255	108	3	.	.	PUNCT
cjfa-59255	108	4	variables	variable	NOUN
cjfa-59255	108	5	…	…	PUNCT
cjfa-59255	108	6	do	do	AUX
cjfa-59255	108	7	foreign	foreign	ADJ
cjfa-59255	108	8	institutional	institutional	ADJ
cjfa-59255	108	9	investors	investor	NOUN
cjfa-59255	108	10	impact	impact	VERB
cjfa-59255	108	11	compliance	compliance	NOUN
cjfa-59255	108	12	…	…	SYM
cjfa-59255	108	13	117117	117117	NUM
cjfa-59255	108	14	table	table	NOUN
cjfa-59255	108	15	2	2	NUM
cjfa-59255	108	16	.	.	PUNCT
cjfa-59255	108	17	descriptive	descriptive	ADJ
cjfa-59255	108	18	statistics	statistics	PROPN
cjfa-59255	108	19	panel	panel	NOUN
cjfa-59255	108	20	a	a	DET
cjfa-59255	108	21	:	:	PUNCT
cjfa-59255	108	22	descriptive	descriptive	ADJ
cjfa-59255	108	23	statistics	statistic	NOUN
cjfa-59255	108	24	mean	mean	VERB
cjfa-59255	109	1	median	median	PROPN
cjfa-59255	109	2	max	max	PROPN
cjfa-59255	109	3	min	min	PROPN
cjfa-59255	109	4	std	std	PROPN
cjfa-59255	109	5	.	.	PROPN
cjfa-59255	109	6	dev	dev	PROPN
cjfa-59255	109	7	.	.	PUNCT
cjfa-59255	110	1	n	n	PROPN
cjfa-59255	110	2	acsr	acsr	NOUN
cjfa-59255	110	3	68.49	68.49	NUM
cjfa-59255	110	4	11.00	11.00	NUM
cjfa-59255	110	5	8493.0	8493.0	NUM
cjfa-59255	110	6	0.10	0.10	NUM
cjfa-59255	110	7	339.29	339.29	NUM
cjfa-59255	110	8	2387	2387	NUM
cjfa-59255	110	9	age	age	NOUN
cjfa-59255	110	10	35.77	35.77	NUM
cjfa-59255	110	11	30.00	30.00	NUM
cjfa-59255	110	12	159.0	159.0	NUM
cjfa-59255	110	13	3.00	3.00	NUM
cjfa-59255	110	14	21.89	21.89	NUM
cjfa-59255	110	15	2387	2387	NUM
cjfa-59255	110	16	beta	beta	NOUN
cjfa-59255	110	17	1.21	1.21	NUM
cjfa-59255	110	18	1.19	1.19	NUM
cjfa-59255	110	19	2.91	2.91	NUM
cjfa-59255	110	20	-0.20	-0.20	NUM
cjfa-59255	110	21	0.45	0.45	NUM
cjfa-59255	110	22	2387	2387	NUM
cjfa-59255	110	23	cr	cr	ADP
cjfa-59255	110	24	2.09	2.09	NUM
cjfa-59255	110	25	1.34	1.34	NUM
cjfa-59255	110	26	309	309	NUM
cjfa-59255	110	27	0.03	0.03	NUM
cjfa-59255	110	28	7.49	7.49	NUM
cjfa-59255	110	29	2387	2387	NUM
cjfa-59255	110	30	lev	lev	NOUN
cjfa-59255	110	31	0.94	0.94	NUM
cjfa-59255	110	32	0.33	0.33	NUM
cjfa-59255	110	33	156.6	156.6	NUM
cjfa-59255	110	34	0.00	0.00	NUM
cjfa-59255	110	35	5.06	5.06	NUM
cjfa-59255	110	36	2387	2387	NUM
cjfa-59255	110	37	fii	fii	PROPN
cjfa-59255	110	38	7.81	7.81	NUM
cjfa-59255	110	39	4.57	4.57	NUM
cjfa-59255	110	40	51.65	51.65	NUM
cjfa-59255	110	41	0.00	0.00	NUM
cjfa-59255	110	42	9.25	9.25	NUM
cjfa-59255	110	43	2387	2387	NUM
cjfa-59255	110	44	nc	nc	PROPN
cjfa-59255	110	45	0.35	0.35	NUM
cjfa-59255	110	46	0.00	0.00	NUM
cjfa-59255	110	47	1.00	1.00	NUM
cjfa-59255	110	48	0.00	0.00	NUM
cjfa-59255	110	49	0.48	0.48	NUM
cjfa-59255	110	50	2387	2387	NUM
cjfa-59255	110	51	n_csr	n_csr	PUNCT
cjfa-59255	110	52	-4.44	-4.44	NUM
cjfa-59255	110	53	0.00	0.00	NUM
cjfa-59255	110	54	2325	2325	NUM
cjfa-59255	110	55	-1868	-1868	VERB
cjfa-59255	110	56	107.61	107.61	NUM
cjfa-59255	110	57	2387	2387	NUM
cjfa-59255	110	58	profitability	profitability	NOUN
cjfa-59255	110	59	0.06	0.06	NUM
cjfa-59255	110	60	0.05	0.05	NUM
cjfa-59255	110	61	0.87	0.87	NUM
cjfa-59255	110	62	-1.09	-1.09	NOUN
cjfa-59255	110	63	0.08	0.08	NUM
cjfa-59255	110	64	2387	2387	NUM
cjfa-59255	110	65	size	size	NOUN
cjfa-59255	110	66	9.39	9.39	NUM
cjfa-59255	110	67	9.27	9.27	NUM
cjfa-59255	110	68	16.09	16.09	NUM
cjfa-59255	110	69	5.38	5.38	NUM
cjfa-59255	110	70	1.45	1.45	NUM
cjfa-59255	110	71	2387	2387	NUM
cjfa-59255	110	72	po	po	NOUN
cjfa-59255	110	73	56.90	56.90	NUM
cjfa-59255	110	74	58.69	58.69	NUM
cjfa-59255	110	75	89.77	89.77	NUM
cjfa-59255	110	76	0.00	0.00	NUM
cjfa-59255	110	77	14.62	14.62	NUM
cjfa-59255	110	78	2387	2387	NUM
cjfa-59255	110	79	panel	panel	NOUN
cjfa-59255	110	80	b	b	NOUN
cjfa-59255	110	81	:	:	PUNCT
cjfa-59255	110	82	univariate	univariate	ADJ
cjfa-59255	110	83	test	test	NOUN
cjfa-59255	110	84	for	for	ADP
cjfa-59255	110	85	difference	difference	NOUN
cjfa-59255	110	86	in	in	ADP
cjfa-59255	110	87	fii	fii	PROPN
cjfa-59255	110	88	holding	holding	NOUN
cjfa-59255	110	89	mean	mean	NOUN
cjfa-59255	110	90	difference	difference	NOUN
cjfa-59255	110	91	t	t	NOUN
cjfa-59255	110	92	-	-	PUNCT
cjfa-59255	110	93	stat	stat	NOUN
cjfa-59255	110	94	fii_nc	fii_nc	NOUN
cjfa-59255	110	95	7.293	7.293	NUM
cjfa-59255	110	96	0.199	0.199	NUM
cjfa-59255	110	97	*	*	PUNCT
cjfa-59255	110	98	*	*	PROPN
cjfa-59255	110	99	2.06	2.06	NUM
cjfa-59255	110	100	fii_c	fii_c	NOUN
cjfa-59255	110	101	7.492	7.492	NUM
cjfa-59255	110	102	n	n	NUM
cjfa-59255	110	103	o	o	NOUN
cjfa-59255	110	104	t	t	NOUN
cjfa-59255	110	105	e	e	NOUN
cjfa-59255	110	106	:	:	PUNCT
cjfa-59255	110	107	table	table	NOUN
cjfa-59255	110	108	2	2	NUM
cjfa-59255	110	109	presents	present	VERB
cjfa-59255	110	110	the	the	DET
cjfa-59255	110	111	descriptive	descriptive	ADJ
cjfa-59255	110	112	statistics	statistic	NOUN
cjfa-59255	110	113	of	of	ADP
cjfa-59255	110	114	all	all	DET
cjfa-59255	110	115	the	the	DET
cjfa-59255	110	116	variables	variable	NOUN
cjfa-59255	110	117	employed	employ	VERB
cjfa-59255	110	118	in	in	ADP
cjfa-59255	110	119	the	the	DET
cjfa-59255	110	120	study	study	NOUN
cjfa-59255	110	121	in	in	ADP
cjfa-59255	110	122	panel	panel	NOUN
cjfa-59255	110	123	a.	a.	NOUN
cjfa-59255	110	124	univariate	univariate	PROPN
cjfa-59255	110	125	results	result	NOUN
cjfa-59255	110	126	for	for	ADP
cjfa-59255	110	127	the	the	DET
cjfa-59255	110	128	differences	difference	NOUN
cjfa-59255	110	129	in	in	ADP
cjfa-59255	110	130	means	mean	NOUN
cjfa-59255	110	131	for	for	ADP
cjfa-59255	110	132	fiis	fiis	NOUN
cjfa-59255	110	133	’	'	PUNCT
cjfa-59255	110	134	holdings	holding	NOUN
cjfa-59255	110	135	in	in	ADP
cjfa-59255	110	136	compliant	compliant	ADJ
cjfa-59255	110	137	and	and	CCONJ
cjfa-59255	110	138	non	non	ADJ
cjfa-59255	110	139	-	-	ADJ
cjfa-59255	110	140	compliant	compliant	ADJ
cjfa-59255	110	141	firms	firm	NOUN
cjfa-59255	110	142	are	be	AUX
cjfa-59255	110	143	presented	present	VERB
cjfa-59255	110	144	in	in	ADP
cjfa-59255	110	145	panel	panel	PROPN
cjfa-59255	110	146	b.	b.	PROPN
cjfa-59255	111	1	the	the	DET
cjfa-59255	111	2	t	t	PROPN
cjfa-59255	111	3	-	-	PUNCT
cjfa-59255	111	4	statistics	statistic	NOUN
cjfa-59255	111	5	for	for	ADP
cjfa-59255	111	6	the	the	DET
cjfa-59255	111	7	difference	difference	NOUN
cjfa-59255	111	8	in	in	ADP
cjfa-59255	111	9	means	mean	NOUN
cjfa-59255	111	10	of	of	ADP
cjfa-59255	111	11	two	two	NUM
cjfa-59255	111	12	subsamples	subsample	NOUN
cjfa-59255	111	13	are	be	AUX
cjfa-59255	111	14	based	base	VERB
cjfa-59255	111	15	on	on	ADP
cjfa-59255	111	16	the	the	DET
cjfa-59255	111	17	assumption	assumption	NOUN
cjfa-59255	111	18	of	of	ADP
cjfa-59255	111	19	unequal	unequal	ADJ
cjfa-59255	111	20	variances	variance	NOUN
cjfa-59255	111	21	.	.	PUNCT
cjfa-59255	112	1	*	*	PUNCT
cjfa-59255	112	2	*	*	PUNCT
cjfa-59255	112	3	*	*	PUNCT
cjfa-59255	112	4	,	,	PUNCT
cjfa-59255	112	5	*	*	PUNCT
cjfa-59255	112	6	*	*	PUNCT
cjfa-59255	112	7	and	and	CCONJ
cjfa-59255	112	8	*	*	PUNCT
cjfa-59255	112	9	show	show	NOUN
cjfa-59255	112	10	significance	significance	NOUN
cjfa-59255	112	11	level	level	NOUN
cjfa-59255	112	12	at	at	ADP
cjfa-59255	112	13	1	1	NUM
cjfa-59255	112	14	%	%	NOUN
cjfa-59255	112	15	,	,	PUNCT
cjfa-59255	112	16	5	5	NUM
cjfa-59255	112	17	%	%	NOUN
cjfa-59255	112	18	and	and	CCONJ
cjfa-59255	112	19	10	10	NUM
cjfa-59255	112	20	%	%	NOUN
cjfa-59255	112	21	,	,	PUNCT
cjfa-59255	112	22	respectively	respectively	ADV
cjfa-59255	112	23	.	.	PUNCT
cjfa-59255	113	1	the	the	DET
cjfa-59255	113	2	definition	definition	NOUN
cjfa-59255	113	3	of	of	ADP
cjfa-59255	113	4	variables	variable	NOUN
cjfa-59255	113	5	is	be	AUX
cjfa-59255	113	6	reported	report	VERB
cjfa-59255	113	7	in	in	ADP
cjfa-59255	113	8	table	table	NOUN
cjfa-59255	113	9	1	1	NUM
cjfa-59255	113	10	.	.	PUNCT
cjfa-59255	113	11	s	s	PART
cjfa-59255	113	12	o	o	X
cjfa-59255	113	13	u	u	NOUN
cjfa-59255	113	14	r	r	NOUN
cjfa-59255	113	15	c	c	NOUN
cjfa-59255	113	16	e	e	NOUN
cjfa-59255	113	17	:	:	PUNCT
cjfa-59255	113	18	compiled	compile	VERB
cjfa-59255	113	19	by	by	ADP
cjfa-59255	113	20	authors	author	NOUN
cjfa-59255	113	21	.	.	PUNCT
cjfa-59255	114	1	next	next	ADV
cjfa-59255	114	2	,	,	PUNCT
cjfa-59255	114	3	we	we	PRON
cjfa-59255	114	4	present	present	VERB
cjfa-59255	114	5	the	the	DET
cjfa-59255	114	6	linear	linear	PROPN
cjfa-59255	114	7	association	association	NOUN
cjfa-59255	114	8	among	among	ADP
cjfa-59255	114	9	the	the	DET
cjfa-59255	114	10	variables	variable	NOUN
cjfa-59255	114	11	employed	employ	VERB
cjfa-59255	114	12	in	in	ADP
cjfa-59255	114	13	this	this	DET
cjfa-59255	114	14	study	study	NOUN
cjfa-59255	114	15	through	through	ADP
cjfa-59255	114	16	the	the	DET
cjfa-59255	114	17	extent	extent	NOUN
cjfa-59255	114	18	of	of	ADP
cjfa-59255	114	19	correlation	correlation	NOUN
cjfa-59255	114	20	among	among	ADP
cjfa-59255	114	21	them	they	PRON
cjfa-59255	114	22	.	.	PUNCT
cjfa-59255	115	1	we	we	PRON
cjfa-59255	115	2	present	present	VERB
cjfa-59255	115	3	correlation	correlation	NOUN
cjfa-59255	115	4	matrix	matrix	NOUN
cjfa-59255	115	5	in	in	ADP
cjfa-59255	115	6	table	table	NOUN
cjfa-59255	115	7	3	3	NUM
cjfa-59255	115	8	.	.	PUNCT
cjfa-59255	116	1	in	in	ADP
cjfa-59255	116	2	this	this	DET
cjfa-59255	116	3	table	table	NOUN
cjfa-59255	116	4	,	,	PUNCT
cjfa-59255	116	5	in	in	ADP
cjfa-59255	116	6	alignment	alignment	NOUN
cjfa-59255	116	7	with	with	ADP
cjfa-59255	116	8	the	the	DET
cjfa-59255	116	9	hypothesized	hypothesized	ADJ
cjfa-59255	116	10	relation	relation	NOUN
cjfa-59255	116	11	,	,	PUNCT
cjfa-59255	116	12	we	we	PRON
cjfa-59255	116	13	observe	observe	VERB
cjfa-59255	116	14	that	that	SCONJ
cjfa-59255	116	15	fii	fii	PROPN
cjfa-59255	116	16	is	be	AUX
cjfa-59255	116	17	positively	positively	ADV
cjfa-59255	116	18	associated	associate	VERB
cjfa-59255	116	19	with	with	ADP
cjfa-59255	116	20	actual	actual	ADJ
cjfa-59255	116	21	csr	csr	NOUN
cjfa-59255	116	22	expenditure	expenditure	NOUN
cjfa-59255	116	23	(	(	PUNCT
cjfa-59255	116	24	acsr	acsr	NOUN
cjfa-59255	116	25	)	)	PUNCT
cjfa-59255	116	26	;	;	PUNCT
cjfa-59255	116	27	however	however	ADV
cjfa-59255	116	28	,	,	PUNCT
cjfa-59255	116	29	there	there	PRON
cjfa-59255	116	30	is	be	VERB
cjfa-59255	116	31	a	a	DET
cjfa-59255	116	32	negative	negative	ADJ
cjfa-59255	116	33	correlation	correlation	NOUN
cjfa-59255	116	34	between	between	ADP
cjfa-59255	116	35	non	non	NOUN
cjfa-59255	116	36	-	-	NOUN
cjfa-59255	116	37	compliance	compliance	NOUN
cjfa-59255	116	38	with	with	ADP
cjfa-59255	116	39	the	the	DET
cjfa-59255	116	40	mandatory	mandatory	ADJ
cjfa-59255	116	41	csr	csr	NOUN
cjfa-59255	116	42	expenditure	expenditure	NOUN
cjfa-59255	116	43	.	.	PUNCT
cjfa-59255	117	1	this	this	PRON
cjfa-59255	117	2	provides	provide	VERB
cjfa-59255	117	3	us	we	PRON
cjfa-59255	117	4	preliminary	preliminary	ADJ
cjfa-59255	117	5	evidence	evidence	NOUN
cjfa-59255	117	6	for	for	ADP
cjfa-59255	117	7	the	the	DET
cjfa-59255	117	8	positive	positive	ADJ
cjfa-59255	117	9	and	and	CCONJ
cjfa-59255	117	10	negative	negative	ADJ
cjfa-59255	117	11	association	association	NOUN
cjfa-59255	117	12	of	of	ADP
cjfa-59255	117	13	acsr	acsr	NOUN
cjfa-59255	117	14	and	and	CCONJ
cjfa-59255	117	15	n_csr	n_csr	NUM
cjfa-59255	117	16	(	(	PUNCT
cjfa-59255	117	17	and	and	CCONJ
cjfa-59255	117	18	nc	nc	PROPN
cjfa-59255	117	19	)	)	PUNCT
cjfa-59255	117	20	with	with	ADP
cjfa-59255	117	21	fiis	fiis	NOUN
cjfa-59255	117	22	,	,	PUNCT
cjfa-59255	117	23	respectively	respectively	ADV
cjfa-59255	117	24	.	.	PUNCT
cjfa-59255	118	1	geeta	geeta	PROPN
cjfa-59255	118	2	singh118118	singh118118	PROPN
cjfa-59255	118	3	table	table	NOUN
cjfa-59255	118	4	3	3	NUM
cjfa-59255	118	5	.	.	PUNCT
cjfa-59255	118	6	correlation	correlation	NOUN
cjfa-59255	118	7	matrix	matrix	NOUN
cjfa-59255	118	8	acsr	acsr	NOUN
cjfa-59255	118	9	beta	beta	PROPN
cjfa-59255	118	10	cr	cr	PROPN
cjfa-59255	118	11	lev	lev	PROPN
cjfa-59255	118	12	fii	fii	PROPN
cjfa-59255	118	13	nc	nc	PROPN
cjfa-59255	118	14	n_csr	n_csr	PROPN
cjfa-59255	118	15	profitability	profitability	NOUN
cjfa-59255	118	16	size	size	NOUN
cjfa-59255	118	17	beta	beta	NOUN
cjfa-59255	118	18	0.041	0.041	NUM
cjfa-59255	118	19	*	*	PUNCT
cjfa-59255	118	20	*	*	PUNCT
cjfa-59255	118	21	(	(	PUNCT
cjfa-59255	118	22	0.043	0.043	NUM
cjfa-59255	118	23	)	)	PUNCT
cjfa-59255	118	24	cr	cr	PROPN
cjfa-59255	118	25	-0.001	-0.001	PUNCT
cjfa-59255	118	26	0.010	0.010	NUM
cjfa-59255	118	27	(	(	PUNCT
cjfa-59255	118	28	0.944	0.944	NUM
cjfa-59255	118	29	)	)	PUNCT
cjfa-59255	118	30	(	(	PUNCT
cjfa-59255	118	31	0.617	0.617	NUM
cjfa-59255	118	32	)	)	PUNCT
cjfa-59255	118	33	lev	lev	NOUN
cjfa-59255	118	34	-0.008	-0.008	PUNCT
cjfa-59255	118	35	0.106	0.106	NUM
cjfa-59255	118	36	*	*	PUNCT
cjfa-59255	118	37	*	*	PUNCT
cjfa-59255	118	38	*	*	PUNCT
cjfa-59255	118	39	-0.029	-0.029	X
cjfa-59255	118	40	(	(	PUNCT
cjfa-59255	118	41	0.699	0.699	NUM
cjfa-59255	118	42	)	)	PUNCT
cjfa-59255	118	43	(	(	PUNCT
cjfa-59255	118	44	0.000	0.000	NUM
cjfa-59255	118	45	)	)	PUNCT
cjfa-59255	118	46	(	(	PUNCT
cjfa-59255	118	47	0.159	0.159	NUM
cjfa-59255	118	48	)	)	PUNCT
cjfa-59255	118	49	fii	fii	PROPN
cjfa-59255	119	1	0.226	0.226	NUM
cjfa-59255	119	2	*	*	PUNCT
cjfa-59255	119	3	*	*	PUNCT
cjfa-59255	119	4	*	*	PUNCT
cjfa-59255	119	5	-0.008	-0.008	X
cjfa-59255	119	6	-0.001	-0.001	NOUN
cjfa-59255	119	7	0.036	0.036	NUM
cjfa-59255	119	8	*	*	PUNCT
cjfa-59255	119	9	(	(	PUNCT
cjfa-59255	119	10	0.000	0.000	NUM
cjfa-59255	119	11	)	)	PUNCT
cjfa-59255	119	12	(	(	PUNCT
cjfa-59255	119	13	0.683	0.683	NUM
cjfa-59255	119	14	)	)	PUNCT
cjfa-59255	119	15	(	(	PUNCT
cjfa-59255	119	16	0.958	0.958	NUM
cjfa-59255	119	17	)	)	PUNCT
cjfa-59255	119	18	(	(	PUNCT
cjfa-59255	119	19	0.079	0.079	NUM
cjfa-59255	119	20	)	)	PUNCT
cjfa-59255	119	21	nc	nc	PROPN
cjfa-59255	119	22	-0.038	-0.038	PROPN
cjfa-59255	119	23	*	*	PUNCT
cjfa-59255	119	24	-0.018	-0.018	PUNCT
cjfa-59255	119	25	0.037	0.037	NUM
cjfa-59255	119	26	*	*	X
cjfa-59255	119	27	-0.022	-0.022	NOUN
cjfa-59255	119	28	-0.004	-0.004	PUNCT
cjfa-59255	119	29	*	*	PUNCT
cjfa-59255	119	30	(	(	PUNCT
cjfa-59255	119	31	0.062	0.062	NUM
cjfa-59255	119	32	)	)	PUNCT
cjfa-59255	119	33	(	(	PUNCT
cjfa-59255	119	34	0.377	0.377	NUM
cjfa-59255	119	35	)	)	PUNCT
cjfa-59255	119	36	(	(	PUNCT
cjfa-59255	119	37	0.072	0.072	NUM
cjfa-59255	119	38	)	)	PUNCT
cjfa-59255	119	39	(	(	PUNCT
cjfa-59255	119	40	0.277	0.277	NUM
cjfa-59255	119	41	)	)	PUNCT
cjfa-59255	119	42	(	(	PUNCT
cjfa-59255	119	43	0.084	0.084	NUM
cjfa-59255	119	44	)	)	PUNCT
cjfa-59255	119	45	n_csr	n_csr	NOUN
cjfa-59255	119	46	0.039	0.039	NUM
cjfa-59255	119	47	*	*	PUNCT
cjfa-59255	119	48	-0.010	-0.010	PUNCT
cjfa-59255	119	49	-0.007	-0.007	PUNCT
cjfa-59255	119	50	0.006	0.006	NUM
cjfa-59255	119	51	-0.024	-0.024	NUM
cjfa-59255	119	52	*	*	X
cjfa-59255	119	53	*	*	NOUN
cjfa-59255	119	54	0.203	0.203	NUM
cjfa-59255	119	55	*	*	PUNCT
cjfa-59255	119	56	*	*	PUNCT
cjfa-59255	119	57	*	*	PUNCT
cjfa-59255	119	58	(	(	PUNCT
cjfa-59255	119	59	0.058	0.058	NUM
cjfa-59255	119	60	)	)	PUNCT
cjfa-59255	119	61	(	(	PUNCT
cjfa-59255	119	62	0.627	0.627	NUM
cjfa-59255	119	63	)	)	PUNCT
cjfa-59255	119	64	(	(	PUNCT
cjfa-59255	119	65	0.735	0.735	NUM
cjfa-59255	119	66	)	)	PUNCT
cjfa-59255	119	67	(	(	PUNCT
cjfa-59255	119	68	0.771	0.771	NUM
cjfa-59255	119	69	)	)	PUNCT
cjfa-59255	119	70	(	(	PUNCT
cjfa-59255	119	71	0.036	0.036	NUM
cjfa-59255	119	72	)	)	PUNCT
cjfa-59255	119	73	(	(	PUNCT
cjfa-59255	119	74	0.000	0.000	X
cjfa-59255	119	75	)	)	PUNCT
cjfa-59255	119	76	profitability	profitability	NOUN
cjfa-59255	119	77	0.017	0.017	NUM
cjfa-59255	119	78	-0.278	-0.278	NOUN
cjfa-59255	119	79	*	*	PUNCT
cjfa-59255	119	80	*	*	PUNCT
cjfa-59255	119	81	*	*	PROPN
cjfa-59255	119	82	0.028	0.028	NUM
cjfa-59255	119	83	-0.163	-0.163	NOUN
cjfa-59255	119	84	*	*	PUNCT
cjfa-59255	119	85	*	*	PUNCT
cjfa-59255	119	86	*	*	PUNCT
cjfa-59255	119	87	0.054	0.054	NUM
cjfa-59255	119	88	*	*	PUNCT
cjfa-59255	119	89	*	*	PUNCT
cjfa-59255	119	90	*	*	PUNCT
cjfa-59255	119	91	-0.003	-0.003	NOUN
cjfa-59255	119	92	-0.023	-0.023	PUNCT
cjfa-59255	119	93	(	(	PUNCT
cjfa-59255	119	94	0.398	0.398	NUM
cjfa-59255	119	95	)	)	PUNCT
cjfa-59255	119	96	(	(	PUNCT
cjfa-59255	119	97	0.000	0.000	NUM
cjfa-59255	119	98	)	)	PUNCT
cjfa-59255	119	99	(	(	PUNCT
cjfa-59255	119	100	0.174	0.174	NUM
cjfa-59255	119	101	)	)	PUNCT
cjfa-59255	119	102	(	(	PUNCT
cjfa-59255	119	103	0.000	0.000	NUM
cjfa-59255	119	104	)	)	PUNCT
cjfa-59255	119	105	(	(	PUNCT
cjfa-59255	119	106	0.008	0.008	NUM
cjfa-59255	119	107	)	)	PUNCT
cjfa-59255	119	108	(	(	PUNCT
cjfa-59255	119	109	0.882	0.882	NUM
cjfa-59255	119	110	)	)	PUNCT
cjfa-59255	119	111	(	(	PUNCT
cjfa-59255	119	112	0.262	0.262	NUM
cjfa-59255	119	113	)	)	PUNCT
cjfa-59255	119	114	size	size	NOUN
cjfa-59255	119	115	-0.027	-0.027	PUNCT
cjfa-59255	119	116	0.044	0.044	NUM
cjfa-59255	119	117	*	*	NOUN
cjfa-59255	119	118	*	*	PUNCT
cjfa-59255	119	119	-0.073	-0.073	PUNCT
cjfa-59255	119	120	*	*	PUNCT
cjfa-59255	119	121	*	*	PUNCT
cjfa-59255	119	122	*	*	PUNCT
cjfa-59255	119	123	0.030	0.030	NUM
cjfa-59255	119	124	-0.009	-0.009	NUM
cjfa-59255	119	125	0.017	0.017	NUM
cjfa-59255	119	126	0.008	0.008	NUM
cjfa-59255	119	127	0.028	0.028	NUM
cjfa-59255	119	128	(	(	PUNCT
cjfa-59255	119	129	0.190	0.190	NUM
cjfa-59255	119	130	)	)	PUNCT
cjfa-59255	119	131	(	(	PUNCT
cjfa-59255	119	132	0.032	0.032	NUM
cjfa-59255	119	133	)	)	PUNCT
cjfa-59255	119	134	(	(	PUNCT
cjfa-59255	119	135	0.000	0.000	NUM
cjfa-59255	119	136	)	)	PUNCT
cjfa-59255	119	137	(	(	PUNCT
cjfa-59255	119	138	0.150	0.150	NUM
cjfa-59255	119	139	)	)	PUNCT
cjfa-59255	119	140	(	(	PUNCT
cjfa-59255	119	141	0.669	0.669	NUM
cjfa-59255	119	142	)	)	PUNCT
cjfa-59255	119	143	(	(	PUNCT
cjfa-59255	119	144	0.404	0.404	NUM
cjfa-59255	119	145	)	)	PUNCT
cjfa-59255	119	146	(	(	PUNCT
cjfa-59255	119	147	0.709	0.709	NUM
cjfa-59255	119	148	)	)	PUNCT
cjfa-59255	119	149	(	(	PUNCT
cjfa-59255	119	150	0.165	0.165	NUM
cjfa-59255	119	151	)	)	PUNCT
cjfa-59255	119	152	po	po	NOUN
cjfa-59255	119	153	-0.082	-0.082	PUNCT
cjfa-59255	119	154	*	*	PUNCT
cjfa-59255	119	155	*	*	PUNCT
cjfa-59255	120	1	*	*	PUNCT
cjfa-59255	120	2	-0.014	-0.014	NOUN
cjfa-59255	120	3	0.000	0.000	NUM
cjfa-59255	120	4	-0.019	-0.019	PUNCT
cjfa-59255	121	1	-0.401	-0.401	PUNCT
cjfa-59255	121	2	*	*	PUNCT
cjfa-59255	121	3	*	*	PUNCT
cjfa-59255	121	4	*	*	PUNCT
cjfa-59255	121	5	0.047	0.047	NUM
cjfa-59255	121	6	*	*	NOUN
cjfa-59255	121	7	*	*	PUNCT
cjfa-59255	121	8	-0.072	-0.072	PUNCT
cjfa-59255	121	9	*	*	PUNCT
cjfa-59255	121	10	*	*	PUNCT
cjfa-59255	121	11	*	*	X
cjfa-59255	121	12	0.001	0.001	NUM
cjfa-59255	121	13	-0.035	-0.035	NOUN
cjfa-59255	121	14	*	*	PUNCT
cjfa-59255	121	15	(	(	PUNCT
cjfa-59255	121	16	0.000	0.000	NUM
cjfa-59255	121	17	)	)	PUNCT
cjfa-59255	121	18	(	(	PUNCT
cjfa-59255	121	19	0.501	0.501	NUM
cjfa-59255	121	20	)	)	PUNCT
cjfa-59255	121	21	(	(	PUNCT
cjfa-59255	121	22	0.983	0.983	NUM
cjfa-59255	121	23	)	)	PUNCT
cjfa-59255	121	24	(	(	PUNCT
cjfa-59255	121	25	0.362	0.362	NUM
cjfa-59255	121	26	)	)	PUNCT
cjfa-59255	121	27	(	(	PUNCT
cjfa-59255	121	28	0.000	0.000	NUM
cjfa-59255	121	29	)	)	PUNCT
cjfa-59255	121	30	(	(	PUNCT
cjfa-59255	121	31	0.021	0.021	NUM
cjfa-59255	121	32	)	)	PUNCT
cjfa-59255	121	33	(	(	PUNCT
cjfa-59255	121	34	0.000	0.000	NUM
cjfa-59255	121	35	)	)	PUNCT
cjfa-59255	121	36	(	(	PUNCT
cjfa-59255	121	37	0.972	0.972	NUM
cjfa-59255	121	38	)	)	PUNCT
cjfa-59255	121	39	(	(	PUNCT
cjfa-59255	121	40	0.088	0.088	NUM
cjfa-59255	121	41	)	)	PUNCT
cjfa-59255	121	42	n	n	CCONJ
cjfa-59255	122	1	o	o	NOUN
cjfa-59255	122	2	t	t	NOUN
cjfa-59255	123	1	e	e	NOUN
cjfa-59255	123	2	:	:	PUNCT
cjfa-59255	123	3	*	*	PUNCT
cjfa-59255	123	4	*	*	PUNCT
cjfa-59255	123	5	*	*	PUNCT
cjfa-59255	123	6	,	,	PUNCT
cjfa-59255	123	7	*	*	PUNCT
cjfa-59255	123	8	*	*	PUNCT
cjfa-59255	123	9	and	and	CCONJ
cjfa-59255	123	10	*	*	NOUN
cjfa-59255	123	11	shows	show	NOUN
cjfa-59255	123	12	significance	significance	NOUN
cjfa-59255	123	13	level	level	NOUN
cjfa-59255	123	14	at	at	ADP
cjfa-59255	123	15	1	1	NUM
cjfa-59255	123	16	%	%	NOUN
cjfa-59255	123	17	,	,	PUNCT
cjfa-59255	123	18	5	5	NUM
cjfa-59255	123	19	%	%	NOUN
cjfa-59255	123	20	and	and	CCONJ
cjfa-59255	123	21	10	10	NUM
cjfa-59255	123	22	%	%	NOUN
cjfa-59255	123	23	,	,	PUNCT
cjfa-59255	123	24	respectively	respectively	ADV
cjfa-59255	123	25	.	.	PUNCT
cjfa-59255	124	1	s	s	PART
cjfa-59255	124	2	o	o	X
cjfa-59255	124	3	u	u	NOUN
cjfa-59255	124	4	r	r	NOUN
cjfa-59255	124	5	c	c	NOUN
cjfa-59255	124	6	e	e	NOUN
cjfa-59255	124	7	:	:	PUNCT
cjfa-59255	124	8	compiled	compile	VERB
cjfa-59255	124	9	by	by	ADP
cjfa-59255	124	10	authors	author	NOUN
cjfa-59255	124	11	.	.	PUNCT
cjfa-59255	125	1	next	next	ADV
cjfa-59255	125	2	,	,	PUNCT
cjfa-59255	125	3	we	we	PRON
cjfa-59255	125	4	present	present	VERB
cjfa-59255	125	5	the	the	DET
cjfa-59255	125	6	results	result	NOUN
cjfa-59255	125	7	of	of	ADP
cjfa-59255	125	8	the	the	DET
cjfa-59255	125	9	baseline	baseline	PROPN
cjfa-59255	125	10	regression	regression	NOUN
cjfa-59255	125	11	eq	eq	ADJ
cjfa-59255	125	12	.	.	PUNCT
cjfa-59255	126	1	(	(	PUNCT
cjfa-59255	126	2	1	1	X
cjfa-59255	126	3	)	)	PUNCT
cjfa-59255	126	4	in	in	ADP
cjfa-59255	126	5	table	table	NOUN
cjfa-59255	126	6	4	4	NUM
cjfa-59255	126	7	.	.	PUNCT
cjfa-59255	127	1	in	in	ADP
cjfa-59255	127	2	column	column	NOUN
cjfa-59255	127	3	(	(	PUNCT
cjfa-59255	127	4	i	i	NOUN
cjfa-59255	127	5	)	)	PUNCT
cjfa-59255	127	6	,	,	PUNCT
cjfa-59255	127	7	we	we	PRON
cjfa-59255	127	8	take	take	VERB
cjfa-59255	127	9	actual	actual	ADJ
cjfa-59255	127	10	csr	csr	NOUN
cjfa-59255	127	11	expenditure	expenditure	NOUN
cjfa-59255	127	12	(	(	PUNCT
cjfa-59255	127	13	acsr	acsr	NOUN
cjfa-59255	127	14	)	)	PUNCT
cjfa-59255	127	15	as	as	ADP
cjfa-59255	127	16	the	the	DET
cjfa-59255	127	17	dependent	dependent	ADJ
cjfa-59255	127	18	variable	variable	NOUN
cjfa-59255	127	19	and	and	CCONJ
cjfa-59255	127	20	analyze	analyze	VERB
cjfa-59255	127	21	its	its	PRON
cjfa-59255	127	22	association	association	NOUN
cjfa-59255	127	23	with	with	ADP
cjfa-59255	127	24	fii	fii	PROPN
cjfa-59255	127	25	.	.	PUNCT
cjfa-59255	128	1	we	we	PRON
cjfa-59255	128	2	observe	observe	VERB
cjfa-59255	128	3	that	that	SCONJ
cjfa-59255	128	4	fii	fii	PROPN
cjfa-59255	128	5	positively	positively	ADV
cjfa-59255	128	6	impacts	impact	VERB
cjfa-59255	128	7	acsr	acsr	NOUN
cjfa-59255	128	8	,	,	PUNCT
cjfa-59255	128	9	such	such	ADJ
cjfa-59255	128	10	that	that	SCONJ
cjfa-59255	128	11	an	an	DET
cjfa-59255	128	12	increase	increase	NOUN
cjfa-59255	128	13	in	in	ADP
cjfa-59255	128	14	the	the	DET
cjfa-59255	128	15	participation	participation	NOUN
cjfa-59255	128	16	of	of	ADP
cjfa-59255	128	17	fiis	fiis	NOUN
cjfa-59255	128	18	,	,	PUNCT
cjfa-59255	128	19	in	in	ADP
cjfa-59255	128	20	terms	term	NOUN
cjfa-59255	128	21	of	of	ADP
cjfa-59255	128	22	their	their	PRON
cjfa-59255	128	23	shareholding	shareholding	NOUN
cjfa-59255	128	24	,	,	PUNCT
cjfa-59255	128	25	leads	lead	VERB
cjfa-59255	128	26	to	to	ADP
cjfa-59255	128	27	an	an	DET
cjfa-59255	128	28	increase	increase	NOUN
cjfa-59255	128	29	in	in	ADP
cjfa-59255	128	30	the	the	DET
cjfa-59255	128	31	expenditure	expenditure	NOUN
cjfa-59255	128	32	on	on	ADP
cjfa-59255	128	33	csr	csr	X
cjfa-59255	128	34	related	relate	VERB
cjfa-59255	128	35	activities	activity	NOUN
cjfa-59255	128	36	by	by	ADP
cjfa-59255	128	37	the	the	DET
cjfa-59255	128	38	company	company	NOUN
cjfa-59255	128	39	.	.	PUNCT
cjfa-59255	129	1	thus	thus	ADV
cjfa-59255	129	2	,	,	PUNCT
cjfa-59255	129	3	fiis	fiis	NOUN
cjfa-59255	129	4	promotes	promote	VERB
cjfa-59255	129	5	csr	csr	NOUN
cjfa-59255	129	6	engagement	engagement	NOUN
cjfa-59255	129	7	of	of	ADP
cjfa-59255	129	8	the	the	DET
cjfa-59255	129	9	firms	firm	NOUN
cjfa-59255	129	10	.	.	PUNCT
cjfa-59255	130	1	further	far	ADV
cjfa-59255	130	2	,	,	PUNCT
cjfa-59255	130	3	considering	consider	VERB
cjfa-59255	130	4	the	the	DET
cjfa-59255	130	5	extent	extent	NOUN
cjfa-59255	130	6	of	of	ADP
cjfa-59255	130	7	non	non	NOUN
cjfa-59255	130	8	-	-	NOUN
cjfa-59255	130	9	compliance	compliance	NOUN
cjfa-59255	130	10	with	with	ADP
cjfa-59255	130	11	csr	csr	X
cjfa-59255	130	12	(	(	PUNCT
cjfa-59255	130	13	n_csr	n_csr	NUM
cjfa-59255	130	14	)	)	PUNCT
cjfa-59255	130	15	as	as	ADP
cjfa-59255	130	16	a	a	DET
cjfa-59255	130	17	dependent	dependent	ADJ
cjfa-59255	130	18	variable	variable	NOUN
cjfa-59255	130	19	in	in	ADP
cjfa-59255	130	20	column	column	NOUN
cjfa-59255	130	21	do	do	VERB
cjfa-59255	130	22	foreign	foreign	ADJ
cjfa-59255	130	23	institutional	institutional	ADJ
cjfa-59255	130	24	investors	investor	NOUN
cjfa-59255	130	25	impact	impact	VERB
cjfa-59255	130	26	compliance	compliance	NOUN
cjfa-59255	130	27	…	…	PUNCT
cjfa-59255	130	28	119119	119119	NUM
cjfa-59255	130	29	(	(	PUNCT
cjfa-59255	130	30	ii	ii	NOUN
cjfa-59255	130	31	)	)	PUNCT
cjfa-59255	130	32	,	,	PUNCT
cjfa-59255	130	33	we	we	PRON
cjfa-59255	130	34	find	find	VERB
cjfa-59255	130	35	that	that	SCONJ
cjfa-59255	130	36	the	the	DET
cjfa-59255	130	37	coefficient	coefficient	NOUN
cjfa-59255	130	38	of	of	ADP
cjfa-59255	130	39	fiis	fiis	ADJ
cjfa-59255	130	40	’	'	PUNCT
cjfa-59255	130	41	percent	percent	NOUN
cjfa-59255	130	42	ownership	ownership	NOUN
cjfa-59255	130	43	is	be	AUX
cjfa-59255	130	44	negative	negative	ADJ
cjfa-59255	130	45	.	.	PUNCT
cjfa-59255	131	1	this	this	PRON
cjfa-59255	131	2	implies	imply	VERB
cjfa-59255	131	3	that	that	SCONJ
cjfa-59255	131	4	the	the	DET
cjfa-59255	131	5	presence	presence	NOUN
cjfa-59255	131	6	of	of	ADP
cjfa-59255	131	7	fiis	fiis	NOUN
cjfa-59255	131	8	reduces	reduce	VERB
cjfa-59255	131	9	the	the	DET
cjfa-59255	131	10	non	non	NOUN
cjfa-59255	131	11	-	-	NOUN
cjfa-59255	131	12	compliance	compliance	NOUN
cjfa-59255	131	13	with	with	ADP
cjfa-59255	131	14	the	the	DET
cjfa-59255	131	15	mandatory	mandatory	ADJ
cjfa-59255	131	16	csr	csr	NOUN
cjfa-59255	131	17	expenditure	expenditure	NOUN
cjfa-59255	131	18	.	.	PUNCT
cjfa-59255	132	1	this	this	PRON
cjfa-59255	132	2	supports	support	VERB
cjfa-59255	132	3	our	our	PRON
cjfa-59255	132	4	hypothesis	hypothesis	NOUN
cjfa-59255	132	5	,	,	PUNCT
cjfa-59255	132	6	in	in	ADP
cjfa-59255	132	7	alignment	alignment	NOUN
cjfa-59255	132	8	with	with	ADP
cjfa-59255	132	9	the	the	DET
cjfa-59255	132	10	findings	finding	NOUN
cjfa-59255	132	11	of	of	ADP
cjfa-59255	132	12	rahman	rahman	PROPN
cjfa-59255	132	13	(	(	PUNCT
cjfa-59255	132	14	2021	2021	NUM
cjfa-59255	132	15	)	)	PUNCT
cjfa-59255	132	16	.	.	PUNCT
cjfa-59255	133	1	we	we	PRON
cjfa-59255	133	2	suggest	suggest	VERB
cjfa-59255	133	3	that	that	SCONJ
cjfa-59255	133	4	these	these	DET
cjfa-59255	133	5	results	result	NOUN
cjfa-59255	133	6	can	can	AUX
cjfa-59255	133	7	be	be	AUX
cjfa-59255	133	8	attributed	attribute	VERB
cjfa-59255	133	9	to	to	ADP
cjfa-59255	133	10	the	the	DET
cjfa-59255	133	11	monitoring	monitoring	NOUN
cjfa-59255	133	12	by	by	ADP
cjfa-59255	133	13	the	the	DET
cjfa-59255	133	14	fiis	fiis	NOUN
cjfa-59255	133	15	and	and	CCONJ
cjfa-59255	133	16	their	their	PRON
cjfa-59255	133	17	capability	capability	NOUN
cjfa-59255	133	18	to	to	PART
cjfa-59255	133	19	reduce	reduce	VERB
cjfa-59255	133	20	the	the	DET
cjfa-59255	133	21	agency	agency	NOUN
cjfa-59255	133	22	problem	problem	NOUN
cjfa-59255	133	23	and	and	CCONJ
cjfa-59255	133	24	information	information	NOUN
cjfa-59255	133	25	asymmetry	asymmetry	NOUN
cjfa-59255	133	26	in	in	ADP
cjfa-59255	133	27	the	the	DET
cjfa-59255	133	28	firms	firm	NOUN
cjfa-59255	133	29	.	.	PUNCT
cjfa-59255	134	1	we	we	PRON
cjfa-59255	134	2	take	take	VERB
cjfa-59255	134	3	non	non	ADJ
cjfa-59255	134	4	-	-	NOUN
cjfa-59255	134	5	compliance	compliance	NOUN
cjfa-59255	134	6	as	as	ADP
cjfa-59255	134	7	a	a	DET
cjfa-59255	134	8	dummy	dummy	ADJ
cjfa-59255	134	9	dependent	dependent	ADJ
cjfa-59255	134	10	variable	variable	NOUN
cjfa-59255	134	11	(	(	PUNCT
cjfa-59255	134	12	nc	nc	PROPN
cjfa-59255	134	13	)	)	PUNCT
cjfa-59255	134	14	and	and	CCONJ
cjfa-59255	134	15	run	run	NOUN
cjfa-59255	134	16	logit	logit	PROPN
cjfa-59255	134	17	regression	regression	NOUN
cjfa-59255	134	18	to	to	PART
cjfa-59255	134	19	understand	understand	VERB
cjfa-59255	134	20	the	the	DET
cjfa-59255	134	21	likelihood	likelihood	NOUN
cjfa-59255	134	22	of	of	ADP
cjfa-59255	134	23	a	a	DET
cjfa-59255	134	24	firm	firm	NOUN
cjfa-59255	134	25	to	to	PART
cjfa-59255	134	26	not	not	PART
cjfa-59255	134	27	comply	comply	VERB
cjfa-59255	134	28	with	with	ADP
cjfa-59255	134	29	the	the	DET
cjfa-59255	134	30	csr	csr	NOUN
cjfa-59255	134	31	expenditure	expenditure	NOUN
cjfa-59255	134	32	mandate	mandate	NOUN
cjfa-59255	134	33	.	.	PUNCT
cjfa-59255	135	1	in	in	ADP
cjfa-59255	135	2	column	column	NOUN
cjfa-59255	135	3	(	(	PUNCT
cjfa-59255	135	4	iii	iii	NOUN
cjfa-59255	135	5	)	)	PUNCT
cjfa-59255	135	6	,	,	PUNCT
cjfa-59255	135	7	fii	fii	PROPN
cjfa-59255	135	8	is	be	AUX
cjfa-59255	135	9	negatively	negatively	ADV
cjfa-59255	135	10	related	relate	VERB
cjfa-59255	135	11	to	to	ADP
cjfa-59255	135	12	the	the	DET
cjfa-59255	135	13	nc	nc	PROPN
cjfa-59255	135	14	,	,	PUNCT
cjfa-59255	135	15	such	such	ADJ
cjfa-59255	135	16	that	that	SCONJ
cjfa-59255	135	17	an	an	DET
cjfa-59255	135	18	increase	increase	NOUN
cjfa-59255	135	19	in	in	ADP
cjfa-59255	135	20	the	the	DET
cjfa-59255	135	21	equity	equity	NOUN
cjfa-59255	135	22	holding	holding	NOUN
cjfa-59255	135	23	of	of	ADP
cjfa-59255	135	24	the	the	DET
cjfa-59255	135	25	fiis	fiis	NOUN
cjfa-59255	135	26	reduces	reduce	VERB
cjfa-59255	135	27	the	the	DET
cjfa-59255	135	28	likelihood	likelihood	NOUN
cjfa-59255	135	29	of	of	ADP
cjfa-59255	135	30	a	a	DET
cjfa-59255	135	31	firm	firm	NOUN
cjfa-59255	135	32	to	to	PART
cjfa-59255	135	33	not	not	PART
cjfa-59255	135	34	comply	comply	VERB
cjfa-59255	135	35	with	with	ADP
cjfa-59255	135	36	the	the	DET
cjfa-59255	135	37	csr	csr	NOUN
cjfa-59255	135	38	regulation	regulation	NOUN
cjfa-59255	135	39	.	.	PUNCT
cjfa-59255	136	1	however	however	ADV
cjfa-59255	136	2	,	,	PUNCT
cjfa-59255	136	3	this	this	DET
cjfa-59255	136	4	relation	relation	NOUN
cjfa-59255	136	5	is	be	AUX
cjfa-59255	136	6	weaker	weak	ADJ
cjfa-59255	136	7	than	than	ADP
cjfa-59255	136	8	with	with	ADP
cjfa-59255	136	9	the	the	DET
cjfa-59255	136	10	magnitude	magnitude	NOUN
cjfa-59255	136	11	of	of	ADP
cjfa-59255	136	12	the	the	DET
cjfa-59255	136	13	non	non	ADJ
cjfa-59255	136	14	-	-	ADJ
cjfa-59255	136	15	complying	complying	ADJ
cjfa-59255	136	16	csr	csr	NOUN
cjfa-59255	136	17	expenditure	expenditure	NOUN
cjfa-59255	136	18	,	,	PUNCT
cjfa-59255	136	19	since	since	SCONJ
cjfa-59255	136	20	it	it	PRON
cjfa-59255	136	21	is	be	AUX
cjfa-59255	136	22	significant	significant	ADJ
cjfa-59255	136	23	at	at	ADP
cjfa-59255	136	24	10	10	NUM
cjfa-59255	136	25	percent	percent	NOUN
cjfa-59255	136	26	level	level	NOUN
cjfa-59255	136	27	only	only	ADV
cjfa-59255	136	28	.	.	PUNCT
cjfa-59255	137	1	we	we	PRON
cjfa-59255	137	2	can	can	AUX
cjfa-59255	137	3	infer	infer	VERB
cjfa-59255	137	4	that	that	PRON
cjfa-59255	137	5	fiis	fiis	NOUN
cjfa-59255	137	6	monitor	monitor	VERB
cjfa-59255	137	7	the	the	DET
cjfa-59255	137	8	firms	firm	NOUN
cjfa-59255	137	9	and	and	CCONJ
cjfa-59255	137	10	influence	influence	VERB
cjfa-59255	137	11	them	they	PRON
cjfa-59255	137	12	to	to	PART
cjfa-59255	137	13	follow	follow	VERB
cjfa-59255	137	14	the	the	DET
cjfa-59255	137	15	mandates	mandate	NOUN
cjfa-59255	137	16	as	as	ADP
cjfa-59255	137	17	per	per	ADP
cjfa-59255	137	18	the	the	DET
cjfa-59255	137	19	regulations	regulation	NOUN
cjfa-59255	137	20	.	.	PUNCT
cjfa-59255	138	1	this	this	PRON
cjfa-59255	138	2	is	be	AUX
cjfa-59255	138	3	true	true	ADJ
cjfa-59255	138	4	in	in	ADP
cjfa-59255	138	5	terms	term	NOUN
cjfa-59255	138	6	of	of	ADP
cjfa-59255	138	7	mandatory	mandatory	ADJ
cjfa-59255	138	8	csr	csr	NOUN
cjfa-59255	138	9	expenditure	expenditure	NOUN
cjfa-59255	138	10	regulation	regulation	NOUN
cjfa-59255	138	11	,	,	PUNCT
cjfa-59255	138	12	as	as	SCONJ
cjfa-59255	138	13	observed	observe	VERB
cjfa-59255	138	14	in	in	ADP
cjfa-59255	138	15	colum	colum	NOUN
cjfa-59255	138	16	(	(	PUNCT
cjfa-59255	138	17	ii	ii	NOUN
cjfa-59255	138	18	)	)	PUNCT
cjfa-59255	138	19	and	and	CCONJ
cjfa-59255	138	20	(	(	PUNCT
cjfa-59255	138	21	iii	iii	NOUN
cjfa-59255	138	22	)	)	PUNCT
cjfa-59255	138	23	of	of	ADP
cjfa-59255	138	24	table	table	NOUN
cjfa-59255	138	25	4	4	NUM
cjfa-59255	138	26	.	.	PUNCT
cjfa-59255	138	27	table	table	NOUN
cjfa-59255	138	28	4	4	NUM
cjfa-59255	138	29	.	.	PUNCT
cjfa-59255	138	30	result	result	NOUN
cjfa-59255	138	31	of	of	ADP
cjfa-59255	138	32	the	the	DET
cjfa-59255	138	33	baseline	baseline	PROPN
cjfa-59255	138	34	regression	regression	NOUN
cjfa-59255	138	35	eq	eq	ADJ
cjfa-59255	138	36	.	.	PUNCT
cjfa-59255	139	1	(	(	PUNCT
cjfa-59255	139	2	1	1	X
cjfa-59255	139	3	)	)	PUNCT
cjfa-59255	139	4	dependent	dependent	ADJ
cjfa-59255	139	5	variable	variable	ADJ
cjfa-59255	139	6	ascr	ascr	NOUN
cjfa-59255	139	7	n_csr	n_csr	PROPN
cjfa-59255	139	8	nc	nc	PROPN
cjfa-59255	139	9	variables	variable	NOUN
cjfa-59255	139	10	(	(	PUNCT
cjfa-59255	139	11	i	i	NOUN
cjfa-59255	139	12	)	)	PUNCT
cjfa-59255	139	13	(	(	PUNCT
cjfa-59255	139	14	ii	ii	NOUN
cjfa-59255	139	15	)	)	PUNCT
cjfa-59255	139	16	(	(	PUNCT
cjfa-59255	139	17	iii	iii	X
cjfa-59255	139	18	)	)	PUNCT
cjfa-59255	139	19	c	c	NOUN
cjfa-59255	139	20	-70.910	-70.910	NOUN
cjfa-59255	139	21	26.461	26.461	NUM
cjfa-59255	139	22	-1.266	-1.266	NOUN
cjfa-59255	139	23	*	*	NOUN
cjfa-59255	139	24	*	*	PUNCT
cjfa-59255	139	25	(	(	PUNCT
cjfa-59255	139	26	0.194	0.194	NUM
cjfa-59255	139	27	)	)	PUNCT
cjfa-59255	139	28	(	(	PUNCT
cjfa-59255	139	29	0.143	0.143	NUM
cjfa-59255	139	30	)	)	PUNCT
cjfa-59255	139	31	(	(	PUNCT
cjfa-59255	139	32	0.001	0.001	NUM
cjfa-59255	139	33	)	)	PUNCT
cjfa-59255	139	34	fii	fii	NOUN
cjfa-59255	140	1	6.569	6.569	NUM
cjfa-59255	140	2	*	*	PUNCT
cjfa-59255	140	3	*	*	PUNCT
cjfa-59255	140	4	*	*	PUNCT
cjfa-59255	140	5	-1.262	-1.262	PUNCT
cjfa-59255	140	6	*	*	PUNCT
cjfa-59255	140	7	*	*	PUNCT
cjfa-59255	140	8	*	*	PUNCT
cjfa-59255	140	9	-0.009	-0.009	X
cjfa-59255	140	10	*	*	PUNCT
cjfa-59255	140	11	(	(	PUNCT
cjfa-59255	140	12	0.000	0.000	NUM
cjfa-59255	140	13	)	)	PUNCT
cjfa-59255	140	14	(	(	PUNCT
cjfa-59255	140	15	0.000	0.000	NUM
cjfa-59255	140	16	)	)	PUNCT
cjfa-59255	140	17	(	(	PUNCT
cjfa-59255	140	18	0.078	0.078	NUM
cjfa-59255	140	19	)	)	PUNCT
cjfa-59255	140	20	age	age	NOUN
cjfa-59255	140	21	0.001	0.001	NUM
cjfa-59255	140	22	-0.016	-0.016	NUM
cjfa-59255	140	23	0.001	0.001	NUM
cjfa-59255	140	24	(	(	PUNCT
cjfa-59255	140	25	0.997	0.997	NUM
cjfa-59255	140	26	)	)	PUNCT
cjfa-59255	140	27	(	(	PUNCT
cjfa-59255	140	28	0.339	0.339	NUM
cjfa-59255	140	29	)	)	PUNCT
cjfa-59255	140	30	(	(	PUNCT
cjfa-59255	140	31	0.641	0.641	NUM
cjfa-59255	140	32	)	)	PUNCT
cjfa-59255	140	33	beta	beta	ADP
cjfa-59255	140	34	34.471	34.471	NUM
cjfa-59255	140	35	*	*	NOUN
cjfa-59255	140	36	*	*	PUNCT
cjfa-59255	140	37	-4.624	-4.624	PUNCT
cjfa-59255	140	38	*	*	PUNCT
cjfa-59255	140	39	-0.099	-0.099	PUNCT
cjfa-59255	140	40	(	(	PUNCT
cjfa-59255	140	41	0.018	0.018	NUM
cjfa-59255	140	42	)	)	PUNCT
cjfa-59255	140	43	(	(	PUNCT
cjfa-59255	140	44	0.086	0.086	NUM
cjfa-59255	140	45	)	)	PUNCT
cjfa-59255	140	46	(	(	PUNCT
cjfa-59255	140	47	0.314	0.314	NUM
cjfa-59255	140	48	)	)	PUNCT
cjfa-59255	140	49	cr	cr	PROPN
cjfa-59255	140	50	-0.098	-0.098	PROPN
cjfa-59255	140	51	-0.048	-0.048	PROPN
cjfa-59255	140	52	0.016	0.016	NUM
cjfa-59255	140	53	(	(	PUNCT
cjfa-59255	140	54	0.909	0.909	NUM
cjfa-59255	140	55	)	)	PUNCT
cjfa-59255	140	56	(	(	PUNCT
cjfa-59255	140	57	0.260	0.260	NUM
cjfa-59255	140	58	)	)	PUNCT
cjfa-59255	140	59	(	(	PUNCT
cjfa-59255	140	60	0.381	0.381	NUM
cjfa-59255	140	61	)	)	PUNCT
cjfa-59255	140	62	profitability	profitability	NOUN
cjfa-59255	140	63	63.038	63.038	NUM
cjfa-59255	140	64	*	*	SYM
cjfa-59255	140	65	*	*	PUNCT
cjfa-59255	140	66	-31.481	-31.481	PUNCT
cjfa-59255	140	67	-0.484	-0.484	NOUN
cjfa-59255	140	68	(	(	PUNCT
cjfa-59255	140	69	0.046	0.046	NUM
cjfa-59255	140	70	)	)	PUNCT
cjfa-59255	140	71	(	(	PUNCT
cjfa-59255	140	72	0.530	0.530	NUM
cjfa-59255	140	73	)	)	PUNCT
cjfa-59255	140	74	(	(	PUNCT
cjfa-59255	140	75	0.396	0.396	NUM
cjfa-59255	140	76	)	)	PUNCT
cjfa-59255	140	77	size	size	NOUN
cjfa-59255	140	78	-4.997	-4.997	NOUN
cjfa-59255	140	79	*	*	PUNCT
cjfa-59255	140	80	*	*	NOUN
cjfa-59255	140	81	0.926	0.926	NUM
cjfa-59255	140	82	*	*	SYM
cjfa-59255	140	83	0.035	0.035	NUM
cjfa-59255	140	84	(	(	PUNCT
cjfa-59255	140	85	0.026	0.026	NUM
cjfa-59255	140	86	)	)	PUNCT
cjfa-59255	140	87	(	(	PUNCT
cjfa-59255	140	88	0.062	0.062	NUM
cjfa-59255	140	89	)	)	PUNCT
cjfa-59255	140	90	(	(	PUNCT
cjfa-59255	140	91	0.250	0.250	NUM
cjfa-59255	140	92	)	)	PUNCT
cjfa-59255	140	93	geeta	geeta	NOUN
cjfa-59255	140	94	singh120120	singh120120	PROPN
cjfa-59255	140	95	dependent	dependent	ADJ
cjfa-59255	140	96	variable	variable	ADJ
cjfa-59255	140	97	ascr	ascr	NOUN
cjfa-59255	140	98	n_csr	n_csr	PROPN
cjfa-59255	140	99	nc	nc	PROPN
cjfa-59255	140	100	variables	variable	NOUN
cjfa-59255	140	101	(	(	PUNCT
cjfa-59255	140	102	i	i	NOUN
cjfa-59255	140	103	)	)	PUNCT
cjfa-59255	140	104	(	(	PUNCT
cjfa-59255	140	105	ii	ii	NOUN
cjfa-59255	140	106	)	)	PUNCT
cjfa-59255	140	107	(	(	PUNCT
cjfa-59255	140	108	iii	iii	X
cjfa-59255	140	109	)	)	PUNCT
cjfa-59255	140	110	lev	lev	NOUN
cjfa-59255	140	111	-0.722	-0.722	NOUN
cjfa-59255	140	112	*	*	NOUN
cjfa-59255	140	113	0.209	0.209	NUM
cjfa-59255	140	114	*	*	PUNCT
cjfa-59255	140	115	*	*	PUNCT
cjfa-59255	140	116	*	*	PUNCT
cjfa-59255	140	117	-0.012	-0.012	PROPN
cjfa-59255	140	118	*	*	PUNCT
cjfa-59255	140	119	*	*	PUNCT
cjfa-59255	140	120	(	(	PUNCT
cjfa-59255	140	121	0.058	0.058	NUM
cjfa-59255	140	122	)	)	PUNCT
cjfa-59255	140	123	(	(	PUNCT
cjfa-59255	140	124	0.000	0.000	NUM
cjfa-59255	140	125	)	)	PUNCT
cjfa-59255	140	126	(	(	PUNCT
cjfa-59255	140	127	0.001	0.001	NUM
cjfa-59255	140	128	)	)	PUNCT
cjfa-59255	140	129	po	po	NOUN
cjfa-59255	140	130	1.248	1.248	NUM
cjfa-59255	140	131	*	*	NOUN
cjfa-59255	140	132	*	*	PUNCT
cjfa-59255	140	133	-0.474	-0.474	PROPN
cjfa-59255	140	134	*	*	PUNCT
cjfa-59255	140	135	*	*	PUNCT
cjfa-59255	140	136	0.006	0.006	NUM
cjfa-59255	140	137	*	*	PUNCT
cjfa-59255	140	138	(	(	PUNCT
cjfa-59255	140	139	0.009	0.009	NUM
cjfa-59255	140	140	)	)	PUNCT
cjfa-59255	140	141	(	(	PUNCT
cjfa-59255	140	142	0.003	0.003	NUM
cjfa-59255	140	143	)	)	PUNCT
cjfa-59255	140	144	(	(	PUNCT
cjfa-59255	140	145	0.066	0.066	NUM
cjfa-59255	140	146	)	)	PUNCT
cjfa-59255	140	147	industry	industry	NOUN
cjfa-59255	140	148	fe	fe	INTJ
cjfa-59255	141	1	yes	yes	INTJ
cjfa-59255	141	2	yes	yes	INTJ
cjfa-59255	141	3	yes	yes	INTJ
cjfa-59255	141	4	time	time	NOUN
cjfa-59255	141	5	fe	fe	INTJ
cjfa-59255	142	1	yes	yes	INTJ
cjfa-59255	142	2	yes	yes	INTJ
cjfa-59255	143	1	yes	yes	INTJ
cjfa-59255	144	1	n	n	PRON
cjfa-59255	144	2	o	o	NOUN
cjfa-59255	144	3	t	t	NOUN
cjfa-59255	145	1	e	e	NOUN
cjfa-59255	145	2	:	:	PUNCT
cjfa-59255	146	1	*	*	PUNCT
cjfa-59255	146	2	,	,	PUNCT
cjfa-59255	146	3	*	*	PUNCT
cjfa-59255	146	4	*	*	PUNCT
cjfa-59255	146	5	and	and	CCONJ
cjfa-59255	146	6	*	*	PUNCT
cjfa-59255	146	7	*	*	PUNCT
cjfa-59255	146	8	*	*	PUNCT
cjfa-59255	146	9	denote	denote	VERB
cjfa-59255	146	10	the	the	DET
cjfa-59255	146	11	rejection	rejection	NOUN
cjfa-59255	146	12	of	of	ADP
cjfa-59255	146	13	null	null	ADJ
cjfa-59255	146	14	hypothesis	hypothesis	NOUN
cjfa-59255	146	15	at	at	ADP
cjfa-59255	146	16	10	10	NUM
cjfa-59255	146	17	%	%	NOUN
cjfa-59255	146	18	,	,	PUNCT
cjfa-59255	146	19	5	5	NUM
cjfa-59255	146	20	%	%	NOUN
cjfa-59255	146	21	and	and	CCONJ
cjfa-59255	146	22	1	1	NUM
cjfa-59255	146	23	%	%	NOUN
cjfa-59255	146	24	level	level	NOUN
cjfa-59255	146	25	,	,	PUNCT
cjfa-59255	146	26	respectively	respectively	ADV
cjfa-59255	146	27	.	.	PUNCT
cjfa-59255	147	1	values	value	NOUN
cjfa-59255	147	2	in	in	ADP
cjfa-59255	147	3	parentheses	parenthesis	NOUN
cjfa-59255	147	4	are	be	AUX
cjfa-59255	147	5	p	p	NOUN
cjfa-59255	147	6	-	-	PUNCT
cjfa-59255	147	7	values	value	NOUN
cjfa-59255	147	8	.	.	PUNCT
cjfa-59255	148	1	s	s	PART
cjfa-59255	148	2	o	o	X
cjfa-59255	148	3	u	u	NOUN
cjfa-59255	148	4	r	r	NOUN
cjfa-59255	148	5	c	c	NOUN
cjfa-59255	148	6	e	e	NOUN
cjfa-59255	148	7	:	:	PUNCT
cjfa-59255	148	8	compiled	compile	VERB
cjfa-59255	148	9	by	by	ADP
cjfa-59255	148	10	authors	author	NOUN
cjfa-59255	148	11	.	.	PUNCT
cjfa-59255	149	1	to	to	PART
cjfa-59255	149	2	test	test	VERB
cjfa-59255	149	3	the	the	DET
cjfa-59255	149	4	conjecture	conjecture	NOUN
cjfa-59255	149	5	of	of	ADP
cjfa-59255	149	6	fiis	fiis	NOUN
cjfa-59255	149	7	reducing	reduce	VERB
cjfa-59255	149	8	the	the	DET
cjfa-59255	149	9	agency	agency	NOUN
cjfa-59255	149	10	cost	cost	NOUN
cjfa-59255	149	11	and	and	CCONJ
cjfa-59255	149	12	monitoring	monitor	VERB
cjfa-59255	149	13	the	the	DET
cjfa-59255	149	14	firms	firm	NOUN
cjfa-59255	149	15	,	,	PUNCT
cjfa-59255	149	16	we	we	PRON
cjfa-59255	149	17	take	take	VERB
cjfa-59255	149	18	a	a	DET
cjfa-59255	149	19	proxy	proxy	NOUN
cjfa-59255	149	20	of	of	ADP
cjfa-59255	149	21	information	information	NOUN
cjfa-59255	149	22	asymmetry	asymmetry	NOUN
cjfa-59255	149	23	through	through	ADP
cjfa-59255	149	24	free	free	ADJ
cjfa-59255	149	25	cash	cash	NOUN
cjfa-59255	149	26	flow	flow	NOUN
cjfa-59255	149	27	(	(	PUNCT
cjfa-59255	149	28	fcf	fcf	NOUN
cjfa-59255	149	29	)	)	PUNCT
cjfa-59255	149	30	.	.	PUNCT
cjfa-59255	150	1	jensen	jensen	PROPN
cjfa-59255	150	2	(	(	PUNCT
cjfa-59255	150	3	1986	1986	NUM
cjfa-59255	150	4	)	)	PUNCT
cjfa-59255	150	5	proposes	propose	VERB
cjfa-59255	150	6	the	the	DET
cjfa-59255	150	7	free	free	ADJ
cjfa-59255	150	8	cash	cash	NOUN
cjfa-59255	150	9	flow	flow	NOUN
cjfa-59255	150	10	(	(	PUNCT
cjfa-59255	150	11	fcf	fcf	NOUN
cjfa-59255	150	12	)	)	PUNCT
cjfa-59255	150	13	hypothesis	hypothesis	NOUN
cjfa-59255	150	14	,	,	PUNCT
cjfa-59255	150	15	and	and	CCONJ
cjfa-59255	150	16	argues	argue	VERB
cjfa-59255	150	17	that	that	SCONJ
cjfa-59255	150	18	in	in	ADP
cjfa-59255	150	19	the	the	DET
cjfa-59255	150	20	absence	absence	NOUN
cjfa-59255	150	21	of	of	ADP
cjfa-59255	150	22	profitable	profitable	ADJ
cjfa-59255	150	23	investment	investment	NOUN
cjfa-59255	150	24	opportunities	opportunity	NOUN
cjfa-59255	150	25	,	,	PUNCT
cjfa-59255	150	26	managers	manager	NOUN
cjfa-59255	150	27	of	of	ADP
cjfa-59255	150	28	a	a	DET
cjfa-59255	150	29	firm	firm	NOUN
cjfa-59255	150	30	can	can	AUX
cjfa-59255	150	31	use	use	VERB
cjfa-59255	150	32	free	free	ADJ
cjfa-59255	150	33	cash	cash	NOUN
cjfa-59255	150	34	flow	flow	NOUN
cjfa-59255	150	35	for	for	ADP
cjfa-59255	150	36	personal	personal	ADJ
cjfa-59255	150	37	gains	gain	NOUN
cjfa-59255	150	38	and	and	CCONJ
cjfa-59255	150	39	expropriate	expropriate	VERB
cjfa-59255	150	40	the	the	DET
cjfa-59255	150	41	outside	outside	ADJ
cjfa-59255	150	42	investors	investor	NOUN
cjfa-59255	150	43	.	.	PUNCT
cjfa-59255	151	1	these	these	DET
cjfa-59255	151	2	outside	outside	ADJ
cjfa-59255	151	3	investors	investor	NOUN
cjfa-59255	151	4	can	can	AUX
cjfa-59255	151	5	be	be	AUX
cjfa-59255	151	6	fiis	fiis	ADJ
cjfa-59255	151	7	or	or	CCONJ
cjfa-59255	151	8	other	other	ADJ
cjfa-59255	151	9	non	non	ADJ
cjfa-59255	151	10	-	-	ADJ
cjfa-59255	151	11	promoter	promoter	ADJ
cjfa-59255	151	12	investors	investor	NOUN
cjfa-59255	151	13	.	.	PUNCT
cjfa-59255	152	1	following	follow	VERB
cjfa-59255	152	2	lins	lin	NOUN
cjfa-59255	152	3	,	,	PUNCT
cjfa-59255	152	4	volpin	volpin	NOUN
cjfa-59255	152	5	,	,	PUNCT
cjfa-59255	152	6	and	and	CCONJ
cjfa-59255	152	7	wagner	wagner	PROPN
cjfa-59255	152	8	(	(	PUNCT
cjfa-59255	152	9	2013	2013	NUM
cjfa-59255	152	10	)	)	PUNCT
cjfa-59255	152	11	and	and	CCONJ
cjfa-59255	152	12	attig	attig	NOUN
cjfa-59255	152	13	,	,	PUNCT
cjfa-59255	152	14	boubakri	boubakri	NOUN
cjfa-59255	152	15	,	,	PUNCT
cjfa-59255	152	16	ghoul	ghoul	NOUN
cjfa-59255	152	17	,	,	PUNCT
cjfa-59255	152	18	and	and	CCONJ
cjfa-59255	152	19	guedhami	guedhami	NOUN
cjfa-59255	152	20	(	(	PUNCT
cjfa-59255	152	21	2016	2016	NUM
cjfa-59255	152	22	)	)	PUNCT
cjfa-59255	152	23	,	,	PUNCT
cjfa-59255	152	24	we	we	PRON
cjfa-59255	152	25	calculate	calculate	VERB
cjfa-59255	152	26	free	free	ADJ
cjfa-59255	152	27	cash	cash	NOUN
cjfa-59255	152	28	flow	flow	NOUN
cjfa-59255	152	29	as	as	ADP
cjfa-59255	152	30	the	the	DET
cjfa-59255	152	31	difference	difference	NOUN
cjfa-59255	152	32	between	between	ADP
cjfa-59255	152	33	operating	operate	VERB
cjfa-59255	152	34	income	income	NOUN
cjfa-59255	152	35	before	before	ADP
cjfa-59255	152	36	depreciation	depreciation	NOUN
cjfa-59255	152	37	and	and	CCONJ
cjfa-59255	152	38	capital	capital	NOUN
cjfa-59255	152	39	expenditures	expenditure	NOUN
cjfa-59255	152	40	deflated	deflate	VERB
cjfa-59255	152	41	by	by	ADP
cjfa-59255	152	42	total	total	ADJ
cjfa-59255	152	43	assets	asset	NOUN
cjfa-59255	152	44	.	.	PUNCT
cjfa-59255	153	1	as	as	ADP
cjfa-59255	153	2	per	per	ADP
cjfa-59255	153	3	gillan	gillan	PROPN
cjfa-59255	153	4	and	and	CCONJ
cjfa-59255	153	5	starks	stark	NOUN
cjfa-59255	153	6	(	(	PUNCT
cjfa-59255	153	7	2000	2000	NUM
cjfa-59255	153	8	,	,	PUNCT
cjfa-59255	153	9	2003	2003	NUM
cjfa-59255	153	10	)	)	PUNCT
cjfa-59255	153	11	,	,	PUNCT
cjfa-59255	153	12	aggarwal	aggarwal	NOUN
cjfa-59255	153	13	et	et	PROPN
cjfa-59255	153	14	al	al	PROPN
cjfa-59255	153	15	.	.	PUNCT
cjfa-59255	153	16	(	(	PUNCT
cjfa-59255	153	17	2011	2011	NUM
cjfa-59255	153	18	)	)	PUNCT
cjfa-59255	153	19	,	,	PUNCT
cjfa-59255	153	20	dyck	dyck	VERB
cjfa-59255	153	21	et	et	PROPN
cjfa-59255	153	22	al	al	PROPN
cjfa-59255	153	23	.	.	PROPN
cjfa-59255	154	1	(	(	PUNCT
cjfa-59255	154	2	2019	2019	NUM
cjfa-59255	154	3	)	)	PUNCT
cjfa-59255	154	4	,	,	PUNCT
cjfa-59255	154	5	and	and	CCONJ
cjfa-59255	154	6	singh	singh	PROPN
cjfa-59255	154	7	and	and	CCONJ
cjfa-59255	154	8	pathak	pathak	PROPN
cjfa-59255	154	9	(	(	PUNCT
cjfa-59255	154	10	2024	2024	NUM
cjfa-59255	154	11	)	)	PUNCT
cjfa-59255	154	12	,	,	PUNCT
cjfa-59255	154	13	fiis	fiis	NOUN
cjfa-59255	154	14	reduce	reduce	VERB
cjfa-59255	154	15	this	this	DET
cjfa-59255	154	16	agency	agency	NOUN
cjfa-59255	154	17	problem	problem	NOUN
cjfa-59255	154	18	and	and	CCONJ
cjfa-59255	154	19	information	information	NOUN
cjfa-59255	154	20	symmetry	symmetry	NOUN
cjfa-59255	154	21	through	through	ADP
cjfa-59255	154	22	monitoring	monitor	VERB
cjfa-59255	154	23	the	the	DET
cjfa-59255	154	24	firms	firm	NOUN
cjfa-59255	154	25	.	.	PUNCT
cjfa-59255	155	1	therefore	therefore	ADV
cjfa-59255	155	2	,	,	PUNCT
cjfa-59255	155	3	we	we	PRON
cjfa-59255	155	4	regress	regress	NOUN
cjfa-59255	155	5	fcf	fcf	PROPN
cjfa-59255	155	6	on	on	ADP
cjfa-59255	155	7	fii	fii	PROPN
cjfa-59255	155	8	in	in	ADP
cjfa-59255	155	9	table	table	NOUN
cjfa-59255	155	10	5	5	NUM
cjfa-59255	155	11	to	to	PART
cjfa-59255	155	12	examine	examine	VERB
cjfa-59255	155	13	the	the	DET
cjfa-59255	155	14	empirical	empirical	ADJ
cjfa-59255	155	15	impact	impact	NOUN
cjfa-59255	155	16	of	of	ADP
cjfa-59255	155	17	fiis	fiis	NOUN
cjfa-59255	155	18	’	'	PUNCT
cjfa-59255	155	19	holding	hold	VERB
cjfa-59255	155	20	on	on	ADP
cjfa-59255	155	21	the	the	DET
cjfa-59255	155	22	agency	agency	NOUN
cjfa-59255	155	23	problem	problem	NOUN
cjfa-59255	155	24	,	,	PUNCT
cjfa-59255	155	25	proxied	proxie	VERB
cjfa-59255	155	26	through	through	ADP
cjfa-59255	155	27	fcf	fcf	PROPN
cjfa-59255	155	28	.	.	PUNCT
cjfa-59255	156	1	the	the	DET
cjfa-59255	156	2	results	result	NOUN
cjfa-59255	156	3	of	of	ADP
cjfa-59255	156	4	ols	ol	NOUN
cjfa-59255	156	5	regression	regression	NOUN
cjfa-59255	156	6	suggest	suggest	VERB
cjfa-59255	156	7	that	that	SCONJ
cjfa-59255	156	8	fiis	fiis	NOUN
cjfa-59255	156	9	negatively	negatively	ADV
cjfa-59255	156	10	impact	impact	NOUN
cjfa-59255	156	11	fcf	fcf	NOUN
cjfa-59255	156	12	,	,	PUNCT
cjfa-59255	156	13	providing	provide	VERB
cjfa-59255	156	14	evidence	evidence	NOUN
cjfa-59255	156	15	for	for	ADP
cjfa-59255	156	16	the	the	DET
cjfa-59255	156	17	monitoring	monitoring	NOUN
cjfa-59255	156	18	role	role	NOUN
cjfa-59255	156	19	of	of	ADP
cjfa-59255	156	20	these	these	DET
cjfa-59255	156	21	institutional	institutional	ADJ
cjfa-59255	156	22	investors	investor	NOUN
cjfa-59255	156	23	.	.	PUNCT
cjfa-59255	157	1	in	in	ADP
cjfa-59255	157	2	column	column	NOUN
cjfa-59255	157	3	(	(	PUNCT
cjfa-59255	157	4	i	i	NOUN
cjfa-59255	157	5	)	)	PUNCT
cjfa-59255	157	6	,	,	PUNCT
cjfa-59255	157	7	the	the	DET
cjfa-59255	157	8	dependent	dependent	ADJ
cjfa-59255	157	9	variable	variable	NOUN
cjfa-59255	157	10	is	be	AUX
cjfa-59255	157	11	fcf	fcf	PROPN
cjfa-59255	157	12	,	,	PUNCT
cjfa-59255	157	13	which	which	PRON
cjfa-59255	157	14	is	be	AUX
cjfa-59255	157	15	negatively	negatively	ADV
cjfa-59255	157	16	associated	associate	VERB
cjfa-59255	157	17	with	with	ADP
cjfa-59255	157	18	fii	fii	PROPN
cjfa-59255	157	19	,	,	PUNCT
cjfa-59255	157	20	such	such	ADJ
cjfa-59255	157	21	that	that	SCONJ
cjfa-59255	157	22	an	an	DET
cjfa-59255	157	23	increase	increase	NOUN
cjfa-59255	157	24	in	in	ADP
cjfa-59255	157	25	the	the	DET
cjfa-59255	157	26	shareholding	shareholding	NOUN
cjfa-59255	157	27	of	of	ADP
cjfa-59255	157	28	fii	fii	PROPN
cjfa-59255	157	29	leads	lead	VERB
cjfa-59255	157	30	to	to	ADP
cjfa-59255	157	31	a	a	DET
cjfa-59255	157	32	decrease	decrease	NOUN
cjfa-59255	157	33	in	in	ADP
cjfa-59255	157	34	the	the	DET
cjfa-59255	157	35	fcf	fcf	NOUN
cjfa-59255	157	36	,	,	PUNCT
cjfa-59255	157	37	or	or	CCONJ
cjfa-59255	157	38	a	a	DET
cjfa-59255	157	39	reduction	reduction	NOUN
cjfa-59255	157	40	in	in	ADP
cjfa-59255	157	41	the	the	DET
cjfa-59255	157	42	agency	agency	NOUN
cjfa-59255	157	43	problem	problem	NOUN
cjfa-59255	157	44	.	.	PUNCT
cjfa-59255	158	1	next	next	ADV
cjfa-59255	158	2	,	,	PUNCT
cjfa-59255	158	3	as	as	ADP
cjfa-59255	158	4	per	per	ADP
cjfa-59255	158	5	our	our	PRON
cjfa-59255	158	6	argument	argument	NOUN
cjfa-59255	158	7	,	,	PUNCT
cjfa-59255	158	8	more	more	ADJ
cjfa-59255	158	9	agency	agency	NOUN
cjfa-59255	158	10	problem	problem	NOUN
cjfa-59255	158	11	should	should	AUX
cjfa-59255	158	12	lead	lead	VERB
cjfa-59255	158	13	to	to	ADP
cjfa-59255	158	14	less	less	ADJ
cjfa-59255	158	15	investment	investment	NOUN
cjfa-59255	158	16	in	in	ADP
cjfa-59255	158	17	csr	csr	PROPN
cjfa-59255	158	18	,	,	PUNCT
cjfa-59255	158	19	and	and	CCONJ
cjfa-59255	158	20	,	,	PUNCT
cjfa-59255	158	21	therefore	therefore	ADV
cjfa-59255	158	22	,	,	PUNCT
cjfa-59255	158	23	we	we	PRON
cjfa-59255	158	24	regress	regress	NOUN
cjfa-59255	158	25	fcf	fcf	PROPN
cjfa-59255	158	26	on	on	ADP
cjfa-59255	158	27	acsr	acsr	NOUN
cjfa-59255	158	28	and	and	CCONJ
cjfa-59255	158	29	non	non	NOUN
cjfa-59255	158	30	-	-	NOUN
cjfa-59255	158	31	compliance	compliance	NOUN
cjfa-59255	158	32	with	with	ADP
cjfa-59255	158	33	the	the	DET
cjfa-59255	158	34	csr	csr	NOUN
cjfa-59255	158	35	mandate	mandate	NOUN
cjfa-59255	158	36	(	(	PUNCT
cjfa-59255	158	37	n_csr	n_csr	NUM
cjfa-59255	158	38	)	)	PUNCT
cjfa-59255	158	39	and	and	CCONJ
cjfa-59255	158	40	observe	observe	VERB
cjfa-59255	158	41	from	from	ADP
cjfa-59255	158	42	column	column	NOUN
cjfa-59255	158	43	(	(	PUNCT
cjfa-59255	158	44	ii	ii	NOUN
cjfa-59255	158	45	)	)	PUNCT
cjfa-59255	158	46	and	and	CCONJ
cjfa-59255	158	47	(	(	PUNCT
cjfa-59255	158	48	iii	iii	NOUN
cjfa-59255	158	49	)	)	PUNCT
cjfa-59255	158	50	that	that	SCONJ
cjfa-59255	158	51	an	an	DET
cjfa-59255	158	52	increase	increase	NOUN
cjfa-59255	158	53	in	in	ADP
cjfa-59255	158	54	the	the	DET
cjfa-59255	158	55	fcf	fcf	NOUN
cjfa-59255	158	56	leads	lead	VERB
cjfa-59255	158	57	to	to	ADP
cjfa-59255	158	58	a	a	DET
cjfa-59255	158	59	reduction	reduction	NOUN
cjfa-59255	158	60	table	table	NOUN
cjfa-59255	158	61	4	4	NUM
cjfa-59255	158	62	.	.	PUNCT
cjfa-59255	159	1	result	result	PROPN
cjfa-59255	159	2	…	…	PUNCT
cjfa-59255	159	3	do	do	AUX
cjfa-59255	159	4	foreign	foreign	ADJ
cjfa-59255	159	5	institutional	institutional	ADJ
cjfa-59255	159	6	investors	investor	NOUN
cjfa-59255	159	7	impact	impact	VERB
cjfa-59255	159	8	compliance	compliance	NOUN
cjfa-59255	159	9	…	…	PUNCT
cjfa-59255	159	10	121121	121121	NUM
cjfa-59255	159	11	in	in	ADP
cjfa-59255	159	12	csr	csr	NOUN
cjfa-59255	159	13	expenditure	expenditure	NOUN
cjfa-59255	159	14	and	and	CCONJ
cjfa-59255	159	15	increase	increase	NOUN
cjfa-59255	159	16	in	in	ADP
cjfa-59255	159	17	the	the	DET
cjfa-59255	159	18	non	non	NOUN
cjfa-59255	159	19	-	-	NOUN
cjfa-59255	159	20	compliance	compliance	NOUN
cjfa-59255	159	21	with	with	ADP
cjfa-59255	159	22	the	the	DET
cjfa-59255	159	23	csr	csr	NOUN
cjfa-59255	159	24	expenditure	expenditure	NOUN
cjfa-59255	159	25	mandate	mandate	NOUN
cjfa-59255	159	26	,	,	PUNCT
cjfa-59255	159	27	respectively	respectively	ADV
cjfa-59255	159	28	.	.	PUNCT
cjfa-59255	160	1	this	this	PRON
cjfa-59255	160	2	provides	provide	VERB
cjfa-59255	160	3	us	we	PRON
cjfa-59255	160	4	the	the	DET
cjfa-59255	160	5	channel	channel	NOUN
cjfa-59255	160	6	for	for	ADP
cjfa-59255	160	7	our	our	PRON
cjfa-59255	160	8	findings	finding	NOUN
cjfa-59255	160	9	,	,	PUNCT
cjfa-59255	160	10	i.e.	i.e.	X
cjfa-59255	160	11	,	,	PUNCT
cjfa-59255	160	12	fiis	fiis	NOUN
cjfa-59255	160	13	reduce	reduce	VERB
cjfa-59255	160	14	non	non	ADJ
cjfa-59255	160	15	-	-	NOUN
cjfa-59255	160	16	compliance	compliance	NOUN
cjfa-59255	160	17	with	with	ADP
cjfa-59255	160	18	the	the	DET
cjfa-59255	160	19	mandatory	mandatory	ADJ
cjfa-59255	160	20	csr	csr	NOUN
cjfa-59255	160	21	expenditure	expenditure	NOUN
cjfa-59255	160	22	by	by	ADP
cjfa-59255	160	23	reducing	reduce	VERB
cjfa-59255	160	24	information	information	NOUN
cjfa-59255	160	25	asymmetry	asymmetry	NOUN
cjfa-59255	160	26	and	and	CCONJ
cjfa-59255	160	27	agency	agency	NOUN
cjfa-59255	160	28	problem	problem	NOUN
cjfa-59255	160	29	.	.	PUNCT
cjfa-59255	161	1	one	one	NUM
cjfa-59255	161	2	of	of	ADP
cjfa-59255	161	3	the	the	DET
cjfa-59255	161	4	concerns	concern	NOUN
cjfa-59255	161	5	in	in	ADP
cjfa-59255	161	6	our	our	PRON
cjfa-59255	161	7	findings	finding	NOUN
cjfa-59255	161	8	can	can	AUX
cjfa-59255	161	9	be	be	AUX
cjfa-59255	161	10	the	the	DET
cjfa-59255	161	11	presence	presence	NOUN
cjfa-59255	161	12	of	of	ADP
cjfa-59255	161	13	endogeneity	endogeneity	NOUN
cjfa-59255	161	14	issue	issue	NOUN
cjfa-59255	161	15	.	.	PUNCT
cjfa-59255	162	1	to	to	PART
cjfa-59255	162	2	address	address	VERB
cjfa-59255	162	3	this	this	PRON
cjfa-59255	162	4	,	,	PUNCT
cjfa-59255	162	5	we	we	PRON
cjfa-59255	162	6	employ	employ	VERB
cjfa-59255	162	7	generalized	generalized	ADJ
cjfa-59255	162	8	methods	method	NOUN
cjfa-59255	162	9	of	of	ADP
cjfa-59255	162	10	moments	moment	NOUN
cjfa-59255	162	11	(	(	PUNCT
cjfa-59255	162	12	gmm	gmm	NOUN
cjfa-59255	162	13	)	)	PUNCT
cjfa-59255	162	14	and	and	CCONJ
cjfa-59255	162	15	re	re	VERB
cjfa-59255	162	16	-	-	VERB
cjfa-59255	162	17	run	run	VERB
cjfa-59255	162	18	our	our	PRON
cjfa-59255	162	19	baseline	baseline	NOUN
cjfa-59255	162	20	regression	regression	NOUN
cjfa-59255	162	21	model	model	NOUN
cjfa-59255	162	22	.	.	PUNCT
cjfa-59255	163	1	results	result	NOUN
cjfa-59255	163	2	presented	present	VERB
cjfa-59255	163	3	in	in	ADP
cjfa-59255	163	4	column	column	NOUN
cjfa-59255	163	5	(	(	PUNCT
cjfa-59255	163	6	iv	iv	NOUN
cjfa-59255	163	7	)	)	PUNCT
cjfa-59255	163	8	of	of	ADP
cjfa-59255	163	9	table	table	NOUN
cjfa-59255	163	10	5	5	NUM
cjfa-59255	163	11	show	show	VERB
cjfa-59255	163	12	that	that	SCONJ
cjfa-59255	163	13	our	our	PRON
cjfa-59255	163	14	results	result	NOUN
cjfa-59255	163	15	are	be	AUX
cjfa-59255	163	16	consistent	consistent	ADJ
cjfa-59255	163	17	with	with	ADP
cjfa-59255	163	18	the	the	DET
cjfa-59255	163	19	earlier	early	ADJ
cjfa-59255	163	20	findings	finding	NOUN
cjfa-59255	163	21	,	,	PUNCT
cjfa-59255	163	22	and	and	CCONJ
cjfa-59255	163	23	thus	thus	ADV
cjfa-59255	163	24	,	,	PUNCT
cjfa-59255	163	25	the	the	DET
cjfa-59255	163	26	model	model	NOUN
cjfa-59255	163	27	is	be	AUX
cjfa-59255	163	28	free	free	ADJ
cjfa-59255	163	29	from	from	ADP
cjfa-59255	163	30	the	the	DET
cjfa-59255	163	31	endogeneity	endogeneity	NOUN
cjfa-59255	163	32	problem	problem	NOUN
cjfa-59255	163	33	.	.	PUNCT
cjfa-59255	164	1	table	table	NOUN
cjfa-59255	164	2	5	5	NUM
cjfa-59255	164	3	.	.	PUNCT
cjfa-59255	165	1	regression	regression	NOUN
cjfa-59255	165	2	results	result	NOUN
cjfa-59255	165	3	showing	show	VERB
cjfa-59255	165	4	channel	channel	NOUN
cjfa-59255	165	5	of	of	ADP
cjfa-59255	165	6	the	the	DET
cjfa-59255	165	7	impact	impact	NOUN
cjfa-59255	165	8	of	of	ADP
cjfa-59255	165	9	fii	fii	PROPN
cjfa-59255	165	10	on	on	ADP
cjfa-59255	165	11	non	non	ADJ
cjfa-59255	165	12	-	-	NOUN
cjfa-59255	165	13	compliance	compliance	NOUN
cjfa-59255	165	14	with	with	ADP
cjfa-59255	165	15	csr	csr	NOUN
cjfa-59255	165	16	expenditure	expenditure	NOUN
cjfa-59255	165	17	regulation	regulation	NOUN
cjfa-59255	165	18	dependent	dependent	ADJ
cjfa-59255	165	19	variable	variable	ADJ
cjfa-59255	165	20	fcf	fcf	NOUN
cjfa-59255	165	21	ascr	ascr	PROPN
cjfa-59255	165	22	n_csr	n_csr	PROPN
cjfa-59255	165	23	n_csr	n_csr	NUM
cjfa-59255	165	24	(	(	PUNCT
cjfa-59255	165	25	gmm	gmm	PROPN
cjfa-59255	165	26	)	)	PUNCT
cjfa-59255	165	27	variables	variable	NOUN
cjfa-59255	165	28	(	(	PUNCT
cjfa-59255	165	29	i	i	NOUN
cjfa-59255	165	30	)	)	PUNCT
cjfa-59255	165	31	(	(	PUNCT
cjfa-59255	165	32	ii	ii	NOUN
cjfa-59255	165	33	)	)	PUNCT
cjfa-59255	165	34	(	(	PUNCT
cjfa-59255	165	35	iii	iii	NOUN
cjfa-59255	165	36	)	)	PUNCT
cjfa-59255	165	37	(	(	PUNCT
cjfa-59255	165	38	iv	iv	X
cjfa-59255	165	39	)	)	PUNCT
cjfa-59255	165	40	c	c	NOUN
cjfa-59255	165	41	0.633	0.633	NUM
cjfa-59255	165	42	*	*	PUNCT
cjfa-59255	165	43	*	*	PUNCT
cjfa-59255	165	44	*	*	PUNCT
cjfa-59255	165	45	0.189	0.189	NUM
cjfa-59255	165	46	*	*	PUNCT
cjfa-59255	165	47	*	*	PUNCT
cjfa-59255	165	48	*	*	PUNCT
cjfa-59255	166	1	22.947	22.947	NUM
cjfa-59255	166	2	*	*	PUNCT
cjfa-59255	166	3	*	*	PUNCT
cjfa-59255	166	4	*	*	PUNCT
cjfa-59255	166	5	6.671	6.671	NUM
cjfa-59255	166	6	*	*	PUNCT
cjfa-59255	166	7	*	*	PUNCT
cjfa-59255	166	8	*	*	PUNCT
cjfa-59255	166	9	(	(	PUNCT
cjfa-59255	166	10	0.000	0.000	NUM
cjfa-59255	166	11	)	)	PUNCT
cjfa-59255	166	12	(	(	PUNCT
cjfa-59255	166	13	0.000	0.000	NUM
cjfa-59255	166	14	)	)	PUNCT
cjfa-59255	166	15	(	(	PUNCT
cjfa-59255	166	16	0.000	0.000	NUM
cjfa-59255	166	17	)	)	PUNCT
cjfa-59255	166	18	(	(	PUNCT
cjfa-59255	166	19	0.000	0.000	X
cjfa-59255	166	20	)	)	PUNCT
cjfa-59255	166	21	fii	fii	PROPN
cjfa-59255	166	22	-0.002	-0.002	PUNCT
cjfa-59255	166	23	*	*	PUNCT
cjfa-59255	166	24	*	*	PUNCT
cjfa-59255	166	25	*	*	PUNCT
cjfa-59255	166	26	6.042	6.042	NUM
cjfa-59255	166	27	*	*	PUNCT
cjfa-59255	166	28	*	*	PUNCT
cjfa-59255	166	29	*	*	PUNCT
cjfa-59255	167	1	-0.415	-0.415	PUNCT
cjfa-59255	167	2	*	*	PUNCT
cjfa-59255	167	3	*	*	PUNCT
cjfa-59255	167	4	*	*	PUNCT
cjfa-59255	167	5	-1.255	-1.255	SYM
cjfa-59255	167	6	*	*	PUNCT
cjfa-59255	167	7	*	*	PUNCT
cjfa-59255	167	8	*	*	PUNCT
cjfa-59255	167	9	(	(	PUNCT
cjfa-59255	167	10	0.000	0.000	NUM
cjfa-59255	167	11	)	)	PUNCT
cjfa-59255	167	12	(	(	PUNCT
cjfa-59255	167	13	0.000	0.000	NUM
cjfa-59255	167	14	)	)	PUNCT
cjfa-59255	167	15	(	(	PUNCT
cjfa-59255	167	16	0.000	0.000	NUM
cjfa-59255	167	17	)	)	PUNCT
cjfa-59255	167	18	(	(	PUNCT
cjfa-59255	167	19	0.000	0.000	X
cjfa-59255	167	20	)	)	PUNCT
cjfa-59255	167	21	fcf	fcf	NOUN
cjfa-59255	167	22	-9.988	-9.988	PROPN
cjfa-59255	167	23	*	*	PROPN
cjfa-59255	167	24	*	*	PUNCT
cjfa-59255	167	25	*	*	PUNCT
cjfa-59255	167	26	1.265	1.265	NUM
cjfa-59255	167	27	*	*	PUNCT
cjfa-59255	167	28	*	*	PUNCT
cjfa-59255	167	29	*	*	PUNCT
cjfa-59255	167	30	(	(	PUNCT
cjfa-59255	167	31	0.000	0.000	NUM
cjfa-59255	167	32	)	)	PUNCT
cjfa-59255	167	33	(	(	PUNCT
cjfa-59255	167	34	0.000	0.000	X
cjfa-59255	167	35	)	)	PUNCT
cjfa-59255	167	36	age	age	NOUN
cjfa-59255	167	37	0.000	0.000	NUM
cjfa-59255	167	38	0.048	0.048	NUM
cjfa-59255	167	39	*	*	PUNCT
cjfa-59255	167	40	*	*	PUNCT
cjfa-59255	167	41	*	*	PUNCT
cjfa-59255	167	42	-0.011	-0.011	PUNCT
cjfa-59255	167	43	*	*	X
cjfa-59255	167	44	*	*	X
cjfa-59255	167	45	0.074	0.074	NUM
cjfa-59255	167	46	*	*	PUNCT
cjfa-59255	167	47	*	*	PUNCT
cjfa-59255	167	48	*	*	PUNCT
cjfa-59255	167	49	(	(	PUNCT
cjfa-59255	167	50	0.288	0.288	NUM
cjfa-59255	167	51	)	)	PUNCT
cjfa-59255	167	52	(	(	PUNCT
cjfa-59255	167	53	0.000	0.000	NUM
cjfa-59255	167	54	)	)	PUNCT
cjfa-59255	167	55	(	(	PUNCT
cjfa-59255	167	56	0.005	0.005	NUM
cjfa-59255	167	57	)	)	PUNCT
cjfa-59255	167	58	(	(	PUNCT
cjfa-59255	167	59	0.000	0.000	X
cjfa-59255	167	60	)	)	PUNCT
cjfa-59255	167	61	beta	beta	NOUN
cjfa-59255	167	62	-0.049	-0.049	NOUN
cjfa-59255	167	63	*	*	X
cjfa-59255	167	64	*	*	PUNCT
cjfa-59255	167	65	22.861	22.861	NUM
cjfa-59255	167	66	*	*	PUNCT
cjfa-59255	167	67	*	*	PUNCT
cjfa-59255	167	68	*	*	PUNCT
cjfa-59255	168	1	-1.551	-1.551	PUNCT
cjfa-59255	168	2	*	*	PUNCT
cjfa-59255	168	3	*	*	PUNCT
cjfa-59255	168	4	*	*	PUNCT
cjfa-59255	168	5	26.647	26.647	NUM
cjfa-59255	168	6	*	*	PUNCT
cjfa-59255	168	7	*	*	PUNCT
cjfa-59255	168	8	*	*	PUNCT
cjfa-59255	168	9	(	(	PUNCT
cjfa-59255	168	10	0.021	0.021	NUM
cjfa-59255	168	11	)	)	PUNCT
cjfa-59255	168	12	(	(	PUNCT
cjfa-59255	168	13	0.000	0.000	NUM
cjfa-59255	168	14	)	)	PUNCT
cjfa-59255	168	15	(	(	PUNCT
cjfa-59255	168	16	0.000	0.000	NUM
cjfa-59255	168	17	)	)	PUNCT
cjfa-59255	168	18	(	(	PUNCT
cjfa-59255	168	19	0.000	0.000	NUM
cjfa-59255	168	20	)	)	PUNCT
cjfa-59255	168	21	cr	cr	ADP
cjfa-59255	168	22	0.000	0.000	NUM
cjfa-59255	168	23	-0.042	-0.042	PUNCT
cjfa-59255	168	24	*	*	PUNCT
cjfa-59255	168	25	-0.112	-0.112	PUNCT
cjfa-59255	168	26	*	*	PUNCT
cjfa-59255	168	27	*	*	NOUN
cjfa-59255	168	28	4.615	4.615	NUM
cjfa-59255	168	29	(	(	PUNCT
cjfa-59255	168	30	0.554	0.554	NUM
cjfa-59255	168	31	)	)	PUNCT
cjfa-59255	168	32	(	(	PUNCT
cjfa-59255	168	33	0.065	0.065	NUM
cjfa-59255	168	34	)	)	PUNCT
cjfa-59255	168	35	(	(	PUNCT
cjfa-59255	168	36	0.001	0.001	NUM
cjfa-59255	168	37	)	)	PUNCT
cjfa-59255	168	38	(	(	PUNCT
cjfa-59255	168	39	0.814	0.814	NUM
cjfa-59255	168	40	)	)	PUNCT
cjfa-59255	168	41	profitability	profitability	NOUN
cjfa-59255	168	42	-0.111	-0.111	NOUN
cjfa-59255	168	43	*	*	NOUN
cjfa-59255	168	44	*	*	PUNCT
cjfa-59255	168	45	-22.145	-22.145	PUNCT
cjfa-59255	168	46	*	*	PUNCT
cjfa-59255	168	47	*	*	PUNCT
cjfa-59255	168	48	*	*	PUNCT
cjfa-59255	168	49	-11.114	-11.114	NOUN
cjfa-59255	168	50	*	*	PUNCT
cjfa-59255	168	51	*	*	PUNCT
cjfa-59255	168	52	*	*	PUNCT
cjfa-59255	168	53	12.593	12.593	NUM
cjfa-59255	168	54	*	*	PUNCT
cjfa-59255	168	55	*	*	PUNCT
cjfa-59255	168	56	*	*	PUNCT
cjfa-59255	168	57	(	(	PUNCT
cjfa-59255	168	58	0.043	0.043	NUM
cjfa-59255	168	59	)	)	PUNCT
cjfa-59255	168	60	(	(	PUNCT
cjfa-59255	168	61	0.000	0.000	NUM
cjfa-59255	168	62	)	)	PUNCT
cjfa-59255	168	63	(	(	PUNCT
cjfa-59255	168	64	0.000	0.000	NUM
cjfa-59255	168	65	)	)	PUNCT
cjfa-59255	168	66	(	(	PUNCT
cjfa-59255	168	67	0.000	0.000	NUM
cjfa-59255	168	68	size	size	NOUN
cjfa-59255	168	69	-0.009	-0.009	X
cjfa-59255	168	70	*	*	NOUN
cjfa-59255	168	71	*	*	PUNCT
cjfa-59255	168	72	-3.568	-3.568	PUNCT
cjfa-59255	168	73	*	*	PUNCT
cjfa-59255	168	74	*	*	PUNCT
cjfa-59255	168	75	*	*	PUNCT
cjfa-59255	168	76	0.087	0.087	NUM
cjfa-59255	168	77	*	*	NOUN
cjfa-59255	168	78	-2.469	-2.469	NOUN
cjfa-59255	168	79	*	*	NOUN
cjfa-59255	168	80	*	*	PUNCT
cjfa-59255	168	81	(	(	PUNCT
cjfa-59255	168	82	0.020	0.020	NUM
cjfa-59255	168	83	)	)	PUNCT
cjfa-59255	168	84	(	(	PUNCT
cjfa-59255	168	85	0.000	0.000	NUM
cjfa-59255	168	86	)	)	PUNCT
cjfa-59255	168	87	(	(	PUNCT
cjfa-59255	168	88	0.083	0.083	NUM
cjfa-59255	168	89	)	)	PUNCT
cjfa-59255	168	90	(	(	PUNCT
cjfa-59255	168	91	0.003	0.003	NUM
cjfa-59255	168	92	)	)	PUNCT
cjfa-59255	168	93	lev	lev	NOUN
cjfa-59255	168	94	0.000	0.000	NUM
cjfa-59255	168	95	-0.518	-0.518	ADJ
cjfa-59255	168	96	*	*	PUNCT
cjfa-59255	168	97	*	*	PUNCT
cjfa-59255	168	98	*	*	PUNCT
cjfa-59255	168	99	0.037	0.037	NUM
cjfa-59255	168	100	0.124	0.124	NUM
cjfa-59255	168	101	(	(	PUNCT
cjfa-59255	168	102	0.873	0.873	NUM
cjfa-59255	168	103	)	)	PUNCT
cjfa-59255	168	104	(	(	PUNCT
cjfa-59255	168	105	0.000	0.000	NUM
cjfa-59255	168	106	)	)	PUNCT
cjfa-59255	168	107	(	(	PUNCT
cjfa-59255	168	108	0.419	0.419	NUM
cjfa-59255	168	109	)	)	PUNCT
cjfa-59255	168	110	(	(	PUNCT
cjfa-59255	168	111	0.104	0.104	NUM
cjfa-59255	168	112	)	)	PUNCT
cjfa-59255	168	113	geeta	geeta	PROPN
cjfa-59255	168	114	singh122122	singh122122	PROPN
cjfa-59255	168	115	dependent	dependent	ADJ
cjfa-59255	168	116	variable	variable	ADJ
cjfa-59255	168	117	fcf	fcf	NOUN
cjfa-59255	168	118	ascr	ascr	PROPN
cjfa-59255	168	119	n_csr	n_csr	PROPN
cjfa-59255	168	120	n_csr	n_csr	NUM
cjfa-59255	168	121	(	(	PUNCT
cjfa-59255	168	122	gmm	gmm	PROPN
cjfa-59255	168	123	)	)	PUNCT
cjfa-59255	168	124	variables	variable	NOUN
cjfa-59255	168	125	(	(	PUNCT
cjfa-59255	168	126	i	i	NOUN
cjfa-59255	168	127	)	)	PUNCT
cjfa-59255	168	128	(	(	PUNCT
cjfa-59255	168	129	ii	ii	NOUN
cjfa-59255	168	130	)	)	PUNCT
cjfa-59255	168	131	(	(	PUNCT
cjfa-59255	168	132	iii	iii	NOUN
cjfa-59255	168	133	)	)	PUNCT
cjfa-59255	168	134	(	(	PUNCT
cjfa-59255	168	135	iv	iv	X
cjfa-59255	168	136	)	)	PUNCT
cjfa-59255	168	137	po	po	NOUN
cjfa-59255	168	138	0.001	0.001	NUM
cjfa-59255	168	139	*	*	NOUN
cjfa-59255	168	140	*	*	PUNCT
cjfa-59255	168	141	0.152	0.152	NUM
cjfa-59255	168	142	*	*	PUNCT
cjfa-59255	168	143	*	*	PUNCT
cjfa-59255	168	144	*	*	PUNCT
cjfa-59255	168	145	-0.360	-0.360	ADJ
cjfa-59255	168	146	*	*	PUNCT
cjfa-59255	168	147	*	*	PUNCT
cjfa-59255	168	148	*	*	PUNCT
cjfa-59255	168	149	-0.615	-0.615	PUNCT
cjfa-59255	168	150	*	*	PUNCT
cjfa-59255	168	151	*	*	PUNCT
cjfa-59255	168	152	*	*	PUNCT
cjfa-59255	168	153	(	(	PUNCT
cjfa-59255	168	154	0.038	0.038	NUM
cjfa-59255	168	155	)	)	PUNCT
cjfa-59255	168	156	(	(	PUNCT
cjfa-59255	168	157	0.000	0.000	NUM
cjfa-59255	168	158	)	)	PUNCT
cjfa-59255	168	159	(	(	PUNCT
cjfa-59255	168	160	0.000	0.000	NUM
cjfa-59255	168	161	)	)	PUNCT
cjfa-59255	168	162	(	(	PUNCT
cjfa-59255	168	163	0.000	0.000	X
cjfa-59255	168	164	)	)	PUNCT
cjfa-59255	168	165	industry	industry	NOUN
cjfa-59255	168	166	fe	fe	INTJ
cjfa-59255	169	1	yes	yes	INTJ
cjfa-59255	169	2	yes	yes	INTJ
cjfa-59255	169	3	yes	yes	INTJ
cjfa-59255	169	4	time	time	NOUN
cjfa-59255	169	5	fe	fe	INTJ
cjfa-59255	170	1	yes	yes	INTJ
cjfa-59255	170	2	yes	yes	INTJ
cjfa-59255	171	1	yes	yes	INTJ
cjfa-59255	172	1	n	n	PRON
cjfa-59255	172	2	o	o	NOUN
cjfa-59255	172	3	t	t	NOUN
cjfa-59255	173	1	e	e	NOUN
cjfa-59255	173	2	:	:	PUNCT
cjfa-59255	174	1	*	*	PUNCT
cjfa-59255	174	2	,	,	PUNCT
cjfa-59255	174	3	*	*	PUNCT
cjfa-59255	174	4	*	*	PUNCT
cjfa-59255	174	5	and	and	CCONJ
cjfa-59255	174	6	*	*	PUNCT
cjfa-59255	174	7	*	*	PUNCT
cjfa-59255	174	8	*	*	PUNCT
cjfa-59255	174	9	denote	denote	VERB
cjfa-59255	174	10	the	the	DET
cjfa-59255	174	11	rejection	rejection	NOUN
cjfa-59255	174	12	of	of	ADP
cjfa-59255	174	13	null	null	ADJ
cjfa-59255	174	14	hypothesis	hypothesis	NOUN
cjfa-59255	174	15	at	at	ADP
cjfa-59255	174	16	10	10	NUM
cjfa-59255	174	17	%	%	NOUN
cjfa-59255	174	18	,	,	PUNCT
cjfa-59255	174	19	5	5	NUM
cjfa-59255	174	20	%	%	NOUN
cjfa-59255	174	21	and	and	CCONJ
cjfa-59255	174	22	1	1	NUM
cjfa-59255	174	23	%	%	NOUN
cjfa-59255	174	24	level	level	NOUN
cjfa-59255	174	25	,	,	PUNCT
cjfa-59255	174	26	respectively	respectively	ADV
cjfa-59255	174	27	.	.	PUNCT
cjfa-59255	175	1	values	value	NOUN
cjfa-59255	175	2	in	in	ADP
cjfa-59255	175	3	parentheses	parenthesis	NOUN
cjfa-59255	175	4	are	be	AUX
cjfa-59255	175	5	p	p	NOUN
cjfa-59255	175	6	-	-	PUNCT
cjfa-59255	175	7	values	value	NOUN
cjfa-59255	175	8	.	.	PUNCT
cjfa-59255	176	1	s	s	PART
cjfa-59255	176	2	o	o	X
cjfa-59255	176	3	u	u	NOUN
cjfa-59255	176	4	r	r	NOUN
cjfa-59255	176	5	c	c	NOUN
cjfa-59255	176	6	e	e	NOUN
cjfa-59255	176	7	:	:	PUNCT
cjfa-59255	176	8	compiled	compile	VERB
cjfa-59255	176	9	by	by	ADP
cjfa-59255	176	10	authors	author	NOUN
cjfa-59255	176	11	.	.	PUNCT
cjfa-59255	177	1	additional	additional	ADJ
cjfa-59255	177	2	analysisadditional	analysisadditional	ADJ
cjfa-59255	177	3	analysis	analysis	NOUN
cjfa-59255	177	4	it	it	PRON
cjfa-59255	177	5	is	be	AUX
cjfa-59255	177	6	worth	worth	ADJ
cjfa-59255	177	7	noticing	notice	VERB
cjfa-59255	177	8	that	that	SCONJ
cjfa-59255	177	9	one	one	NUM
cjfa-59255	177	10	of	of	ADP
cjfa-59255	177	11	the	the	DET
cjfa-59255	177	12	distinctive	distinctive	ADJ
cjfa-59255	177	13	characteristics	characteristic	NOUN
cjfa-59255	177	14	of	of	ADP
cjfa-59255	177	15	the	the	DET
cjfa-59255	177	16	indian	indian	ADJ
cjfa-59255	177	17	market	market	NOUN
cjfa-59255	177	18	is	be	AUX
cjfa-59255	177	19	the	the	DET
cjfa-59255	177	20	presence	presence	NOUN
cjfa-59255	177	21	of	of	ADP
cjfa-59255	177	22	the	the	DET
cjfa-59255	177	23	largest	large	ADJ
cjfa-59255	177	24	number	number	NOUN
cjfa-59255	177	25	of	of	ADP
cjfa-59255	177	26	business	business	NOUN
cjfa-59255	177	27	groups	group	NOUN
cjfa-59255	177	28	for	for	ADP
cjfa-59255	177	29	any	any	DET
cjfa-59255	177	30	country	country	NOUN
cjfa-59255	177	31	.	.	PUNCT
cjfa-59255	178	1	business	business	NOUN
cjfa-59255	178	2	groups	group	NOUN
cjfa-59255	178	3	can	can	AUX
cjfa-59255	178	4	be	be	AUX
cjfa-59255	178	5	defined	define	VERB
cjfa-59255	178	6	as	as	ADP
cjfa-59255	178	7	a	a	DET
cjfa-59255	178	8	set	set	NOUN
cjfa-59255	178	9	of	of	ADP
cjfa-59255	178	10	publicly	publicly	ADV
cjfa-59255	178	11	traded	trade	VERB
cjfa-59255	178	12	,	,	PUNCT
cjfa-59255	178	13	legally	legally	ADV
cjfa-59255	178	14	independent	independent	ADJ
cjfa-59255	178	15	firms	firm	NOUN
cjfa-59255	178	16	operating	operate	VERB
cjfa-59255	178	17	across	across	ADP
cjfa-59255	178	18	different	different	ADJ
cjfa-59255	178	19	industries	industry	NOUN
cjfa-59255	178	20	,	,	PUNCT
cjfa-59255	178	21	however	however	ADV
cjfa-59255	178	22	,	,	PUNCT
cjfa-59255	178	23	linked	link	VERB
cjfa-59255	178	24	through	through	ADP
cjfa-59255	178	25	substantial	substantial	ADJ
cjfa-59255	178	26	cross	cross	NOUN
cjfa-59255	178	27	-	-	NOUN
cjfa-59255	178	28	ownership	ownership	NOUN
cjfa-59255	178	29	and	and	CCONJ
cjfa-59255	178	30	generally	generally	ADV
cjfa-59255	178	31	controlled	control	VERB
cjfa-59255	178	32	by	by	ADP
cjfa-59255	178	33	families	family	NOUN
cjfa-59255	178	34	(	(	PUNCT
cjfa-59255	178	35	khanna	khanna	PROPN
cjfa-59255	178	36	&	&	CCONJ
cjfa-59255	178	37	palepu	palepu	PROPN
cjfa-59255	178	38	,	,	PUNCT
cjfa-59255	178	39	1999	1999	NUM
cjfa-59255	178	40	,	,	PUNCT
cjfa-59255	178	41	2000	2000	NUM
cjfa-59255	178	42	)	)	PUNCT
cjfa-59255	178	43	.	.	PUNCT
cjfa-59255	179	1	therefore	therefore	ADV
cjfa-59255	179	2	,	,	PUNCT
cjfa-59255	179	3	we	we	PRON
cjfa-59255	179	4	analyze	analyze	VERB
cjfa-59255	179	5	the	the	DET
cjfa-59255	179	6	association	association	NOUN
cjfa-59255	179	7	of	of	ADP
cjfa-59255	179	8	csr	csr	PROPN
cjfa-59255	179	9	and	and	CCONJ
cjfa-59255	179	10	fiis	fiis	NOUN
cjfa-59255	179	11	in	in	ADP
cjfa-59255	179	12	firms	firm	NOUN
cjfa-59255	179	13	affiliated	affiliate	VERB
cjfa-59255	179	14	to	to	ADP
cjfa-59255	179	15	business	business	NOUN
cjfa-59255	179	16	groups	group	NOUN
cjfa-59255	179	17	.	.	PUNCT
cjfa-59255	180	1	in	in	ADP
cjfa-59255	180	2	column	column	NOUN
cjfa-59255	180	3	(	(	PUNCT
cjfa-59255	180	4	i	i	NOUN
cjfa-59255	180	5	)	)	PUNCT
cjfa-59255	180	6	,	,	PUNCT
cjfa-59255	180	7	table	table	NOUN
cjfa-59255	180	8	6	6	NUM
cjfa-59255	180	9	,	,	PUNCT
cjfa-59255	180	10	we	we	PRON
cjfa-59255	180	11	observe	observe	VERB
cjfa-59255	180	12	that	that	SCONJ
cjfa-59255	180	13	groups	group	NOUN
cjfa-59255	180	14	invest	invest	VERB
cjfa-59255	180	15	in	in	ADP
cjfa-59255	180	16	the	the	DET
cjfa-59255	180	17	csr	csr	NOUN
cjfa-59255	180	18	activities	activity	NOUN
cjfa-59255	180	19	more	more	ADJ
cjfa-59255	180	20	than	than	ADP
cjfa-59255	180	21	the	the	DET
cjfa-59255	180	22	standalone	standalone	NOUN
cjfa-59255	180	23	firms	firm	NOUN
cjfa-59255	180	24	,	,	PUNCT
cjfa-59255	180	25	as	as	ADP
cjfa-59255	180	26	evident	evident	ADJ
cjfa-59255	180	27	from	from	ADP
cjfa-59255	180	28	the	the	DET
cjfa-59255	180	29	positive	positive	ADJ
cjfa-59255	180	30	coefficient	coefficient	NOUN
cjfa-59255	180	31	of	of	ADP
cjfa-59255	180	32	group	group	NOUN
cjfa-59255	180	33	.	.	PUNCT
cjfa-59255	181	1	further	far	ADV
cjfa-59255	181	2	,	,	PUNCT
cjfa-59255	181	3	with	with	ADP
cjfa-59255	181	4	the	the	DET
cjfa-59255	181	5	increase	increase	NOUN
cjfa-59255	181	6	in	in	ADP
cjfa-59255	181	7	the	the	DET
cjfa-59255	181	8	equity	equity	NOUN
cjfa-59255	181	9	holding	holding	NOUN
cjfa-59255	181	10	of	of	ADP
cjfa-59255	181	11	the	the	DET
cjfa-59255	181	12	fiis	fiis	NOUN
cjfa-59255	181	13	,	,	PUNCT
cjfa-59255	181	14	csr	csr	NOUN
cjfa-59255	181	15	expenditure	expenditure	NOUN
cjfa-59255	181	16	further	further	ADJ
cjfa-59255	181	17	increases	increase	NOUN
cjfa-59255	181	18	in	in	ADP
cjfa-59255	181	19	the	the	DET
cjfa-59255	181	20	group	group	NOUN
cjfa-59255	181	21	-	-	PUNCT
cjfa-59255	181	22	affiliated	affiliate	VERB
cjfa-59255	181	23	firms	firm	NOUN
cjfa-59255	181	24	,	,	PUNCT
cjfa-59255	181	25	as	as	SCONJ
cjfa-59255	181	26	fii*group	fii*group	NOUN
cjfa-59255	181	27	is	be	AUX
cjfa-59255	181	28	positive	positive	ADJ
cjfa-59255	181	29	and	and	CCONJ
cjfa-59255	181	30	significant	significant	ADJ
cjfa-59255	181	31	.	.	PUNCT
cjfa-59255	182	1	regarding	regard	VERB
cjfa-59255	182	2	non	non	NOUN
cjfa-59255	182	3	-	-	NOUN
cjfa-59255	182	4	compliance	compliance	NOUN
cjfa-59255	182	5	with	with	ADP
cjfa-59255	182	6	the	the	DET
cjfa-59255	182	7	mandatory	mandatory	ADJ
cjfa-59255	182	8	csr	csr	NOUN
cjfa-59255	182	9	expenditure	expenditure	NOUN
cjfa-59255	182	10	,	,	PUNCT
cjfa-59255	182	11	we	we	PRON
cjfa-59255	182	12	observe	observe	VERB
cjfa-59255	182	13	that	that	SCONJ
cjfa-59255	182	14	such	such	ADJ
cjfa-59255	182	15	non	non	ADJ
cjfa-59255	182	16	-	-	ADJ
cjfa-59255	182	17	compliance	compliance	ADJ
cjfa-59255	182	18	further	far	ADV
cjfa-59255	182	19	reduces	reduce	VERB
cjfa-59255	182	20	with	with	ADP
cjfa-59255	182	21	the	the	DET
cjfa-59255	182	22	increase	increase	NOUN
cjfa-59255	182	23	in	in	ADP
cjfa-59255	182	24	the	the	DET
cjfa-59255	182	25	equity	equity	NOUN
cjfa-59255	182	26	holding	holding	NOUN
cjfa-59255	182	27	of	of	ADP
cjfa-59255	182	28	fiis	fiis	NOUN
cjfa-59255	182	29	,	,	PUNCT
cjfa-59255	182	30	when	when	SCONJ
cjfa-59255	182	31	the	the	DET
cjfa-59255	182	32	firm	firm	NOUN
cjfa-59255	182	33	is	be	AUX
cjfa-59255	182	34	a	a	DET
cjfa-59255	182	35	member	member	NOUN
cjfa-59255	182	36	of	of	ADP
cjfa-59255	182	37	business	business	NOUN
cjfa-59255	182	38	groups	group	NOUN
cjfa-59255	182	39	,	,	PUNCT
cjfa-59255	182	40	as	as	ADP
cjfa-59255	182	41	per	per	ADP
cjfa-59255	182	42	the	the	DET
cjfa-59255	182	43	results	result	NOUN
cjfa-59255	182	44	presented	present	VERB
cjfa-59255	182	45	in	in	ADP
cjfa-59255	182	46	column	column	NOUN
cjfa-59255	182	47	(	(	PUNCT
cjfa-59255	182	48	ii	ii	NOUN
cjfa-59255	182	49	)	)	PUNCT
cjfa-59255	182	50	,	,	PUNCT
cjfa-59255	182	51	table	table	NOUN
cjfa-59255	182	52	6	6	NUM
cjfa-59255	182	53	.	.	PUNCT
cjfa-59255	182	54	taking	take	VERB
cjfa-59255	182	55	non	non	NOUN
cjfa-59255	182	56	-	-	NOUN
cjfa-59255	182	57	compliance	compliance	NOUN
cjfa-59255	182	58	as	as	ADP
cjfa-59255	182	59	a	a	DET
cjfa-59255	182	60	dummy	dummy	ADJ
cjfa-59255	182	61	variable	variable	NOUN
cjfa-59255	182	62	(	(	PUNCT
cjfa-59255	182	63	nc	nc	PROPN
cjfa-59255	182	64	)	)	PUNCT
cjfa-59255	182	65	,	,	PUNCT
cjfa-59255	182	66	we	we	PRON
cjfa-59255	182	67	again	again	ADV
cjfa-59255	182	68	provide	provide	VERB
cjfa-59255	182	69	evidence	evidence	NOUN
cjfa-59255	182	70	for	for	ADP
cjfa-59255	182	71	the	the	DET
cjfa-59255	182	72	decreasing	decrease	VERB
cjfa-59255	182	73	likelihood	likelihood	NOUN
cjfa-59255	182	74	of	of	ADP
cjfa-59255	182	75	non	non	ADJ
cjfa-59255	182	76	-	-	NOUN
cjfa-59255	182	77	compliance	compliance	NOUN
cjfa-59255	182	78	with	with	ADP
cjfa-59255	182	79	the	the	DET
cjfa-59255	182	80	mandatory	mandatory	ADJ
cjfa-59255	182	81	csr	csr	NOUN
cjfa-59255	182	82	expenditure	expenditure	NOUN
cjfa-59255	182	83	.	.	PUNCT
cjfa-59255	183	1	the	the	DET
cjfa-59255	183	2	tendency	tendency	NOUN
cjfa-59255	183	3	of	of	ADP
cjfa-59255	183	4	business	business	NOUN
cjfa-59255	183	5	groups	group	NOUN
cjfa-59255	183	6	to	to	PART
cjfa-59255	183	7	avoid	avoid	VERB
cjfa-59255	183	8	non	non	ADJ
cjfa-59255	183	9	-	-	NOUN
cjfa-59255	183	10	compliance	compliance	NOUN
cjfa-59255	183	11	with	with	ADP
cjfa-59255	183	12	the	the	DET
cjfa-59255	183	13	mandatory	mandatory	ADJ
cjfa-59255	183	14	csr	csr	NOUN
cjfa-59255	183	15	expenditure	expenditure	NOUN
cjfa-59255	183	16	can	can	AUX
cjfa-59255	183	17	be	be	AUX
cjfa-59255	183	18	attributed	attribute	VERB
cjfa-59255	183	19	to	to	ADP
cjfa-59255	183	20	their	their	PRON
cjfa-59255	183	21	concerns	concern	NOUN
cjfa-59255	183	22	over	over	ADP
cjfa-59255	183	23	maintaining	maintain	VERB
cjfa-59255	183	24	reputation	reputation	NOUN
cjfa-59255	183	25	in	in	ADP
cjfa-59255	183	26	the	the	DET
cjfa-59255	183	27	market	market	NOUN
cjfa-59255	183	28	(	(	PUNCT
cjfa-59255	183	29	khanna	khanna	PROPN
cjfa-59255	183	30	&	&	CCONJ
cjfa-59255	183	31	palepu	palepu	PROPN
cjfa-59255	183	32	,	,	PUNCT
cjfa-59255	183	33	2000	2000	NUM
cjfa-59255	183	34	;	;	PUNCT
cjfa-59255	183	35	mukherjee	mukherjee	PROPN
cjfa-59255	183	36	,	,	PUNCT
cjfa-59255	183	37	makarius	makarius	PROPN
cjfa-59255	183	38	&	&	CCONJ
cjfa-59255	183	39	stevens	stevens	PROPN
cjfa-59255	183	40	,	,	PUNCT
cjfa-59255	183	41	2018	2018	NUM
cjfa-59255	183	42	;	;	PUNCT
cjfa-59255	183	43	holmes	holmes	PROPN
cjfa-59255	183	44	jr	jr	PROPN
cjfa-59255	183	45	,	,	PUNCT
cjfa-59255	183	46	hoskisson	hoskisson	PROPN
cjfa-59255	183	47	,	,	PUNCT
cjfa-59255	183	48	kim	kim	PROPN
cjfa-59255	183	49	,	,	PUNCT
cjfa-59255	183	50	wan	wan	PROPN
cjfa-59255	183	51	&	&	CCONJ
cjfa-59255	183	52	holcomb	holcomb	PROPN
cjfa-59255	183	53	,	,	PUNCT
cjfa-59255	183	54	2018	2018	NUM
cjfa-59255	183	55	)	)	PUNCT
cjfa-59255	183	56	.	.	PUNCT
cjfa-59255	184	1	the	the	DET
cjfa-59255	184	2	positive	positive	ADJ
cjfa-59255	184	3	reputation	reputation	NOUN
cjfa-59255	184	4	of	of	ADP
cjfa-59255	184	5	the	the	DET
cjfa-59255	184	6	business	business	NOUN
cjfa-59255	184	7	groups	group	NOUN
cjfa-59255	184	8	’	'	PUNCT
cjfa-59255	184	9	members	member	NOUN
cjfa-59255	184	10	is	be	AUX
cjfa-59255	184	11	important	important	ADJ
cjfa-59255	184	12	for	for	ADP
cjfa-59255	184	13	them	they	PRON
cjfa-59255	184	14	,	,	PUNCT
cjfa-59255	184	15	as	as	SCONJ
cjfa-59255	184	16	it	it	PRON
cjfa-59255	184	17	boosts	boost	VERB
cjfa-59255	184	18	their	their	PRON
cjfa-59255	184	19	access	access	NOUN
cjfa-59255	184	20	to	to	ADP
cjfa-59255	184	21	foreign	foreign	ADJ
cjfa-59255	184	22	capital	capital	NOUN
cjfa-59255	184	23	and	and	CCONJ
cjfa-59255	184	24	technological	technological	ADJ
cjfa-59255	184	25	resources	resource	NOUN
cjfa-59255	184	26	(	(	PUNCT
cjfa-59255	184	27	lamin	lamin	NOUN
cjfa-59255	184	28	,	,	PUNCT
cjfa-59255	184	29	2013	2013	NUM
cjfa-59255	184	30	)	)	PUNCT
cjfa-59255	184	31	.	.	PUNCT
cjfa-59255	185	1	followtable	followtable	ADJ
cjfa-59255	185	2	5	5	NUM
cjfa-59255	185	3	.	.	PUNCT
cjfa-59255	185	4	regression	regression	NOUN
cjfa-59255	185	5	…	…	PUNCT
cjfa-59255	185	6	do	do	VERB
cjfa-59255	185	7	foreign	foreign	ADJ
cjfa-59255	185	8	institutional	institutional	ADJ
cjfa-59255	185	9	investors	investor	NOUN
cjfa-59255	185	10	impact	impact	VERB
cjfa-59255	185	11	compliance	compliance	NOUN
cjfa-59255	185	12	…	…	PUNCT
cjfa-59255	185	13	123123	123123	NUM
cjfa-59255	185	14	ing	ing	ADJ
cjfa-59255	185	15	manos	mano	NOUN
cjfa-59255	185	16	,	,	PUNCT
cjfa-59255	185	17	murinde	murinde	NOUN
cjfa-59255	185	18	and	and	CCONJ
cjfa-59255	185	19	green	green	ADJ
cjfa-59255	185	20	(	(	PUNCT
cjfa-59255	185	21	2012	2012	NUM
cjfa-59255	185	22	)	)	PUNCT
cjfa-59255	185	23	and	and	CCONJ
cjfa-59255	185	24	manos	manos	PROPN
cjfa-59255	185	25	,	,	PUNCT
cjfa-59255	185	26	murinde	murinde	NOUN
cjfa-59255	185	27	and	and	CCONJ
cjfa-59255	185	28	green	green	ADJ
cjfa-59255	185	29	(	(	PUNCT
cjfa-59255	185	30	2007	2007	NUM
cjfa-59255	185	31	)	)	PUNCT
cjfa-59255	185	32	,	,	PUNCT
cjfa-59255	185	33	business	business	NOUN
cjfa-59255	185	34	groups	group	NOUN
cjfa-59255	185	35	are	be	AUX
cjfa-59255	185	36	closed	close	VERB
cjfa-59255	185	37	structured	structure	VERB
cjfa-59255	185	38	with	with	ADP
cjfa-59255	185	39	cross	cross	NOUN
cjfa-59255	185	40	-	-	ADJ
cjfa-59255	185	41	holding	holding	ADJ
cjfa-59255	185	42	among	among	ADP
cjfa-59255	185	43	the	the	DET
cjfa-59255	185	44	promoters	promoter	NOUN
cjfa-59255	185	45	of	of	ADP
cjfa-59255	185	46	member	member	NOUN
cjfa-59255	185	47	firms	firm	NOUN
cjfa-59255	185	48	.	.	PUNCT
cjfa-59255	186	1	outside	outside	ADJ
cjfa-59255	186	2	investors	investor	NOUN
cjfa-59255	186	3	,	,	PUNCT
cjfa-59255	186	4	like	like	ADP
cjfa-59255	186	5	fiis	fiis	NOUN
cjfa-59255	186	6	,	,	PUNCT
cjfa-59255	186	7	suffer	suffer	VERB
cjfa-59255	186	8	from	from	ADP
cjfa-59255	186	9	a	a	DET
cjfa-59255	186	10	higher	high	ADJ
cjfa-59255	186	11	degree	degree	NOUN
cjfa-59255	186	12	of	of	ADP
cjfa-59255	186	13	information	information	NOUN
cjfa-59255	186	14	asymmetry	asymmetry	NOUN
cjfa-59255	186	15	.	.	PUNCT
cjfa-59255	187	1	participation	participation	NOUN
cjfa-59255	187	2	by	by	ADP
cjfa-59255	187	3	the	the	DET
cjfa-59255	187	4	monitoring	monitoring	NOUN
cjfa-59255	187	5	fiis	fiis	NOUN
cjfa-59255	187	6	in	in	ADP
cjfa-59255	187	7	such	such	ADJ
cjfa-59255	187	8	business	business	NOUN
cjfa-59255	187	9	groups	group	NOUN
cjfa-59255	187	10	leads	lead	VERB
cjfa-59255	187	11	to	to	ADP
cjfa-59255	187	12	better	well	ADJ
cjfa-59255	187	13	governance	governance	NOUN
cjfa-59255	187	14	and	and	CCONJ
cjfa-59255	187	15	reduced	reduce	VERB
cjfa-59255	187	16	information	information	NOUN
cjfa-59255	187	17	asymmetry	asymmetry	NOUN
cjfa-59255	187	18	.	.	PUNCT
cjfa-59255	188	1	this	this	PRON
cjfa-59255	188	2	pushes	push	VERB
cjfa-59255	188	3	the	the	DET
cjfa-59255	188	4	member	member	NOUN
cjfa-59255	188	5	firms	firm	NOUN
cjfa-59255	188	6	to	to	PART
cjfa-59255	188	7	comply	comply	VERB
cjfa-59255	188	8	with	with	ADP
cjfa-59255	188	9	the	the	DET
cjfa-59255	188	10	regulations	regulation	NOUN
cjfa-59255	188	11	of	of	ADP
cjfa-59255	188	12	the	the	DET
cjfa-59255	188	13	country	country	NOUN
cjfa-59255	188	14	,	,	PUNCT
cjfa-59255	188	15	especially	especially	ADV
cjfa-59255	188	16	the	the	DET
cjfa-59255	188	17	csr	csr	NOUN
cjfa-59255	188	18	expenditure	expenditure	NOUN
cjfa-59255	188	19	regulation	regulation	NOUN
cjfa-59255	188	20	,	,	PUNCT
cjfa-59255	188	21	along	along	ADP
cjfa-59255	188	22	with	with	ADP
cjfa-59255	188	23	driving	drive	VERB
cjfa-59255	188	24	their	their	PRON
cjfa-59255	188	25	reputation	reputation	NOUN
cjfa-59255	188	26	in	in	ADP
cjfa-59255	188	27	the	the	DET
cjfa-59255	188	28	market	market	NOUN
cjfa-59255	188	29	.	.	PUNCT
cjfa-59255	189	1	table	table	NOUN
cjfa-59255	189	2	6	6	NUM
cjfa-59255	189	3	.	.	PUNCT
cjfa-59255	190	1	additional	additional	ADJ
cjfa-59255	190	2	analysis	analysis	NOUN
cjfa-59255	190	3	dependent	dependent	ADJ
cjfa-59255	190	4	variable	variable	ADJ
cjfa-59255	190	5	ascr	ascr	NOUN
cjfa-59255	190	6	n_csr	n_csr	PROPN
cjfa-59255	190	7	nc	nc	PROPN
cjfa-59255	190	8	variables	variable	NOUN
cjfa-59255	190	9	(	(	PUNCT
cjfa-59255	190	10	i	i	NOUN
cjfa-59255	190	11	)	)	PUNCT
cjfa-59255	190	12	(	(	PUNCT
cjfa-59255	190	13	ii	ii	NOUN
cjfa-59255	190	14	)	)	PUNCT
cjfa-59255	190	15	(	(	PUNCT
cjfa-59255	190	16	iii	iii	X
cjfa-59255	190	17	)	)	PUNCT
cjfa-59255	190	18	c	c	NOUN
cjfa-59255	190	19	68.194	68.194	NUM
cjfa-59255	190	20	*	*	PUNCT
cjfa-59255	190	21	*	*	PUNCT
cjfa-59255	190	22	28.772	28.772	NUM
cjfa-59255	190	23	*	*	PUNCT
cjfa-59255	190	24	*	*	PUNCT
cjfa-59255	190	25	*	*	PUNCT
cjfa-59255	190	26	-0.381	-0.381	PUNCT
cjfa-59255	190	27	*	*	PUNCT
cjfa-59255	190	28	*	*	PUNCT
cjfa-59255	190	29	(	(	PUNCT
cjfa-59255	190	30	0.041	0.041	NUM
cjfa-59255	190	31	)	)	PUNCT
cjfa-59255	190	32	(	(	PUNCT
cjfa-59255	190	33	0.000	0.000	NUM
cjfa-59255	190	34	)	)	PUNCT
cjfa-59255	190	35	(	(	PUNCT
cjfa-59255	190	36	0.037	0.037	NUM
cjfa-59255	190	37	)	)	PUNCT
cjfa-59255	190	38	fii	fii	PROPN
cjfa-59255	190	39	0.242	0.242	NUM
cjfa-59255	190	40	*	*	PUNCT
cjfa-59255	190	41	-0.639	-0.639	PUNCT
cjfa-59255	190	42	*	*	PUNCT
cjfa-59255	190	43	*	*	PUNCT
cjfa-59255	190	44	*	*	PUNCT
cjfa-59255	190	45	-0.012	-0.012	PROPN
cjfa-59255	190	46	*	*	PUNCT
cjfa-59255	190	47	*	*	PUNCT
cjfa-59255	190	48	(	(	PUNCT
cjfa-59255	190	49	0.072	0.072	NUM
cjfa-59255	190	50	)	)	PUNCT
cjfa-59255	190	51	(	(	PUNCT
cjfa-59255	190	52	0.000	0.000	NUM
cjfa-59255	190	53	)	)	PUNCT
cjfa-59255	190	54	(	(	PUNCT
cjfa-59255	190	55	0.021	0.021	NUM
cjfa-59255	190	56	)	)	PUNCT
cjfa-59255	190	57	group	group	NOUN
cjfa-59255	190	58	3.656	3.656	NUM
cjfa-59255	190	59	*	*	NOUN
cjfa-59255	190	60	*	*	PUNCT
cjfa-59255	191	1	-2.033	-2.033	PUNCT
cjfa-59255	191	2	*	*	PUNCT
cjfa-59255	191	3	*	*	PUNCT
cjfa-59255	191	4	*	*	PUNCT
cjfa-59255	191	5	-0.266	-0.266	PUNCT
cjfa-59255	191	6	*	*	PUNCT
cjfa-59255	191	7	*	*	PUNCT
cjfa-59255	191	8	*	*	PUNCT
cjfa-59255	191	9	(	(	PUNCT
cjfa-59255	191	10	0.019	0.019	NUM
cjfa-59255	191	11	)	)	PUNCT
cjfa-59255	191	12	(	(	PUNCT
cjfa-59255	191	13	0.000	0.000	NUM
cjfa-59255	191	14	)	)	PUNCT
cjfa-59255	191	15	(	(	PUNCT
cjfa-59255	191	16	0.000	0.000	X
cjfa-59255	191	17	)	)	PUNCT
cjfa-59255	191	18	fii*group	fii*group	NOUN
cjfa-59255	191	19	1.905	1.905	NUM
cjfa-59255	191	20	*	*	PUNCT
cjfa-59255	191	21	-0.067	-0.067	NOUN
cjfa-59255	191	22	*	*	PUNCT
cjfa-59255	191	23	*	*	PUNCT
cjfa-59255	191	24	-0.009	-0.009	X
cjfa-59255	191	25	*	*	PUNCT
cjfa-59255	191	26	*	*	PUNCT
cjfa-59255	191	27	(	(	PUNCT
cjfa-59255	191	28	0.097	0.097	NUM
cjfa-59255	191	29	)	)	PUNCT
cjfa-59255	191	30	(	(	PUNCT
cjfa-59255	191	31	0.001	0.001	NUM
cjfa-59255	191	32	)	)	PUNCT
cjfa-59255	191	33	(	(	PUNCT
cjfa-59255	191	34	0.010	0.010	NUM
cjfa-59255	191	35	)	)	PUNCT
cjfa-59255	191	36	age	age	NOUN
cjfa-59255	191	37	0.048	0.048	NUM
cjfa-59255	191	38	0.046	0.046	NUM
cjfa-59255	191	39	*	*	PUNCT
cjfa-59255	191	40	*	*	PUNCT
cjfa-59255	191	41	*	*	PUNCT
cjfa-59255	191	42	0.001	0.001	NUM
cjfa-59255	191	43	*	*	SYM
cjfa-59255	191	44	(	(	PUNCT
cjfa-59255	191	45	0.566	0.566	NUM
cjfa-59255	191	46	)	)	PUNCT
cjfa-59255	191	47	(	(	PUNCT
cjfa-59255	191	48	0.000	0.000	NUM
cjfa-59255	191	49	)	)	PUNCT
cjfa-59255	191	50	(	(	PUNCT
cjfa-59255	191	51	0.101	0.101	NUM
cjfa-59255	191	52	)	)	PUNCT
cjfa-59255	191	53	beta	beta	NOUN
cjfa-59255	191	54	-1.786	-1.786	PROPN
cjfa-59255	191	55	*	*	PUNCT
cjfa-59255	191	56	-1.358	-1.358	NOUN
cjfa-59255	191	57	*	*	PUNCT
cjfa-59255	191	58	*	*	PUNCT
cjfa-59255	191	59	*	*	NOUN
cjfa-59255	191	60	-0.048	-0.048	NOUN
cjfa-59255	191	61	*	*	PUNCT
cjfa-59255	191	62	(	(	PUNCT
cjfa-59255	191	63	0.067	0.067	NUM
cjfa-59255	191	64	)	)	PUNCT
cjfa-59255	191	65	(	(	PUNCT
cjfa-59255	191	66	0.000	0.000	NUM
cjfa-59255	191	67	)	)	PUNCT
cjfa-59255	191	68	(	(	PUNCT
cjfa-59255	191	69	0.084	0.084	NUM
cjfa-59255	191	70	)	)	PUNCT
cjfa-59255	191	71	cr	cr	NOUN
cjfa-59255	192	1	-0.086	-0.086	NUM
cjfa-59255	192	2	*	*	PUNCT
cjfa-59255	192	3	*	*	PUNCT
cjfa-59255	192	4	-0.059	-0.059	PUNCT
cjfa-59255	192	5	*	*	PUNCT
cjfa-59255	192	6	*	*	NOUN
cjfa-59255	192	7	0.009	0.009	NUM
cjfa-59255	192	8	(	(	PUNCT
cjfa-59255	192	9	0.022	0.022	NUM
cjfa-59255	192	10	)	)	PUNCT
cjfa-59255	192	11	(	(	PUNCT
cjfa-59255	192	12	0.001	0.001	NUM
cjfa-59255	192	13	)	)	PUNCT
cjfa-59255	192	14	(	(	PUNCT
cjfa-59255	192	15	0.230	0.230	NUM
cjfa-59255	192	16	)	)	PUNCT
cjfa-59255	192	17	profitability	profitability	NOUN
cjfa-59255	192	18	-8.279	-8.279	NOUN
cjfa-59255	192	19	*	*	PUNCT
cjfa-59255	192	20	*	*	PUNCT
cjfa-59255	192	21	-27.301	-27.301	PROPN
cjfa-59255	193	1	*	*	PUNCT
cjfa-59255	193	2	*	*	PUNCT
cjfa-59255	193	3	*	*	PUNCT
cjfa-59255	193	4	-0.468	-0.468	ADP
cjfa-59255	193	5	*	*	PUNCT
cjfa-59255	193	6	(	(	PUNCT
cjfa-59255	193	7	0.023	0.023	NUM
cjfa-59255	193	8	)	)	PUNCT
cjfa-59255	193	9	(	(	PUNCT
cjfa-59255	193	10	0.000	0.000	NUM
cjfa-59255	193	11	)	)	PUNCT
cjfa-59255	193	12	(	(	PUNCT
cjfa-59255	193	13	0.054	0.054	NUM
cjfa-59255	193	14	)	)	PUNCT
cjfa-59255	193	15	size	size	NOUN
cjfa-59255	193	16	0.773	0.773	NUM
cjfa-59255	193	17	0.069	0.069	NUM
cjfa-59255	193	18	0.015	0.015	NUM
cjfa-59255	193	19	*	*	PUNCT
cjfa-59255	193	20	*	*	PUNCT
cjfa-59255	193	21	(	(	PUNCT
cjfa-59255	193	22	0.334	0.334	NUM
cjfa-59255	193	23	)	)	PUNCT
cjfa-59255	193	24	(	(	PUNCT
cjfa-59255	193	25	0.229	0.229	NUM
cjfa-59255	193	26	)	)	PUNCT
cjfa-59255	193	27	(	(	PUNCT
cjfa-59255	193	28	0.005	0.005	NUM
cjfa-59255	193	29	)	)	PUNCT
cjfa-59255	193	30	lev	lev	NOUN
cjfa-59255	193	31	0.099	0.099	NUM
cjfa-59255	193	32	*	*	NOUN
cjfa-59255	193	33	0.146	0.146	NUM
cjfa-59255	193	34	*	*	PUNCT
cjfa-59255	193	35	*	*	PUNCT
cjfa-59255	193	36	*	*	PUNCT
cjfa-59255	194	1	-0.009	-0.009	X
cjfa-59255	194	2	*	*	PUNCT
cjfa-59255	194	3	(	(	PUNCT
cjfa-59255	194	4	0.073	0.073	NUM
cjfa-59255	194	5	)	)	PUNCT
cjfa-59255	194	6	(	(	PUNCT
cjfa-59255	194	7	0.000	0.000	NUM
cjfa-59255	194	8	)	)	PUNCT
cjfa-59255	194	9	(	(	PUNCT
cjfa-59255	194	10	0.060	0.060	NUM
cjfa-59255	194	11	)	)	PUNCT
cjfa-59255	194	12	geeta	geeta	PROPN
cjfa-59255	194	13	singh124124	singh124124	PROPN
cjfa-59255	194	14	dependent	dependent	ADJ
cjfa-59255	194	15	variable	variable	ADJ
cjfa-59255	194	16	ascr	ascr	NOUN
cjfa-59255	194	17	n_csr	n_csr	PROPN
cjfa-59255	194	18	nc	nc	PROPN
cjfa-59255	194	19	variables	variable	NOUN
cjfa-59255	194	20	(	(	PUNCT
cjfa-59255	194	21	i	i	NOUN
cjfa-59255	194	22	)	)	PUNCT
cjfa-59255	194	23	(	(	PUNCT
cjfa-59255	194	24	ii	ii	NOUN
cjfa-59255	194	25	)	)	PUNCT
cjfa-59255	194	26	(	(	PUNCT
cjfa-59255	194	27	iii	iii	X
cjfa-59255	194	28	)	)	PUNCT
cjfa-59255	194	29	po	po	NOUN
cjfa-59255	194	30	-0.898	-0.898	PROPN
cjfa-59255	194	31	*	*	PUNCT
cjfa-59255	194	32	*	*	PUNCT
cjfa-59255	194	33	-0.456	-0.456	PUNCT
cjfa-59255	194	34	*	*	PUNCT
cjfa-59255	194	35	*	*	PUNCT
cjfa-59255	194	36	*	*	PUNCT
cjfa-59255	194	37	0.005	0.005	NUM
cjfa-59255	194	38	*	*	PUNCT
cjfa-59255	194	39	*	*	PUNCT
cjfa-59255	194	40	(	(	PUNCT
cjfa-59255	194	41	0.039	0.039	NUM
cjfa-59255	194	42	)	)	PUNCT
cjfa-59255	194	43	(	(	PUNCT
cjfa-59255	194	44	0.000	0.000	NUM
cjfa-59255	194	45	)	)	PUNCT
cjfa-59255	194	46	(	(	PUNCT
cjfa-59255	194	47	0.008	0.008	NUM
cjfa-59255	194	48	)	)	PUNCT
cjfa-59255	194	49	industry	industry	NOUN
cjfa-59255	194	50	fe	fe	NOUN
cjfa-59255	195	1	yes	yes	INTJ
cjfa-59255	195	2	yes	yes	INTJ
cjfa-59255	195	3	yes	yes	INTJ
cjfa-59255	195	4	time	time	NOUN
cjfa-59255	195	5	fe	fe	INTJ
cjfa-59255	196	1	yes	yes	INTJ
cjfa-59255	196	2	yes	yes	INTJ
cjfa-59255	197	1	yes	yes	INTJ
cjfa-59255	198	1	n	n	PRON
cjfa-59255	198	2	o	o	NOUN
cjfa-59255	198	3	t	t	NOUN
cjfa-59255	199	1	e	e	NOUN
cjfa-59255	199	2	:	:	PUNCT
cjfa-59255	200	1	*	*	PUNCT
cjfa-59255	200	2	,	,	PUNCT
cjfa-59255	200	3	*	*	PUNCT
cjfa-59255	200	4	*	*	PUNCT
cjfa-59255	200	5	and	and	CCONJ
cjfa-59255	200	6	*	*	PUNCT
cjfa-59255	200	7	*	*	PUNCT
cjfa-59255	200	8	*	*	PUNCT
cjfa-59255	200	9	denote	denote	VERB
cjfa-59255	200	10	the	the	DET
cjfa-59255	200	11	rejection	rejection	NOUN
cjfa-59255	200	12	of	of	ADP
cjfa-59255	200	13	null	null	ADJ
cjfa-59255	200	14	hypothesis	hypothesis	NOUN
cjfa-59255	200	15	at	at	ADP
cjfa-59255	200	16	10	10	NUM
cjfa-59255	200	17	%	%	NOUN
cjfa-59255	200	18	,	,	PUNCT
cjfa-59255	200	19	5	5	NUM
cjfa-59255	200	20	%	%	NOUN
cjfa-59255	200	21	and	and	CCONJ
cjfa-59255	200	22	1	1	NUM
cjfa-59255	200	23	%	%	NOUN
cjfa-59255	200	24	level	level	NOUN
cjfa-59255	200	25	,	,	PUNCT
cjfa-59255	200	26	respectively	respectively	ADV
cjfa-59255	200	27	.	.	PUNCT
cjfa-59255	201	1	values	value	NOUN
cjfa-59255	201	2	in	in	ADP
cjfa-59255	201	3	the	the	DET
cjfa-59255	201	4	parenthesis	parenthesis	NOUN
cjfa-59255	201	5	are	be	AUX
cjfa-59255	201	6	p	p	NOUN
cjfa-59255	201	7	-	-	PUNCT
cjfa-59255	201	8	values	value	NOUN
cjfa-59255	201	9	.	.	PUNCT
cjfa-59255	202	1	s	s	PART
cjfa-59255	202	2	o	o	X
cjfa-59255	202	3	u	u	NOUN
cjfa-59255	202	4	r	r	NOUN
cjfa-59255	202	5	c	c	NOUN
cjfa-59255	202	6	e	e	NOUN
cjfa-59255	202	7	:	:	PUNCT
cjfa-59255	202	8	compiled	compile	VERB
cjfa-59255	202	9	by	by	ADP
cjfa-59255	202	10	authors	author	NOUN
cjfa-59255	202	11	.	.	PUNCT
cjfa-59255	202	12	 	 	SPACE
cjfa-59255	203	1	conclusion	conclusion	NOUN
cjfa-59255	203	2	 	 	SPACE
cjfa-59255	203	3	conclusion	conclusion	NOUN
cjfa-59255	203	4	we	we	PRON
cjfa-59255	203	5	provide	provide	VERB
cjfa-59255	203	6	the	the	DET
cjfa-59255	203	7	first	first	ADJ
cjfa-59255	203	8	study	study	NOUN
cjfa-59255	203	9	to	to	PART
cjfa-59255	203	10	analyze	analyze	VERB
cjfa-59255	203	11	the	the	DET
cjfa-59255	203	12	impact	impact	NOUN
cjfa-59255	203	13	of	of	ADP
cjfa-59255	203	14	equity	equity	NOUN
cjfa-59255	203	15	participation	participation	NOUN
cjfa-59255	203	16	of	of	ADP
cjfa-59255	203	17	the	the	DET
cjfa-59255	203	18	foreign	foreign	ADJ
cjfa-59255	203	19	institutional	institutional	ADJ
cjfa-59255	203	20	investors	investor	NOUN
cjfa-59255	203	21	on	on	ADP
cjfa-59255	203	22	the	the	DET
cjfa-59255	203	23	violation	violation	NOUN
cjfa-59255	203	24	of	of	ADP
cjfa-59255	203	25	the	the	DET
cjfa-59255	203	26	mandatory	mandatory	ADJ
cjfa-59255	203	27	csr	csr	NOUN
cjfa-59255	203	28	expenditure	expenditure	NOUN
cjfa-59255	203	29	in	in	ADP
cjfa-59255	203	30	indian	indian	ADJ
cjfa-59255	203	31	firms	firm	NOUN
cjfa-59255	203	32	.	.	PUNCT
cjfa-59255	204	1	from	from	ADP
cjfa-59255	204	2	the	the	DET
cjfa-59255	204	3	results	result	NOUN
cjfa-59255	204	4	presented	present	VERB
cjfa-59255	204	5	in	in	ADP
cjfa-59255	204	6	table	table	NOUN
cjfa-59255	204	7	4	4	NUM
cjfa-59255	204	8	,	,	PUNCT
cjfa-59255	204	9	it	it	PRON
cjfa-59255	204	10	is	be	AUX
cjfa-59255	204	11	evident	evident	ADJ
cjfa-59255	204	12	that	that	SCONJ
cjfa-59255	204	13	the	the	PRON
cjfa-59255	204	14	higher	high	ADJ
cjfa-59255	204	15	the	the	DET
cjfa-59255	204	16	participation	participation	NOUN
cjfa-59255	204	17	of	of	ADP
cjfa-59255	204	18	fiis	fiis	NOUN
cjfa-59255	204	19	in	in	ADP
cjfa-59255	204	20	firms	firm	NOUN
cjfa-59255	204	21	,	,	PUNCT
cjfa-59255	204	22	the	the	PRON
cjfa-59255	204	23	higher	high	ADJ
cjfa-59255	204	24	their	their	PRON
cjfa-59255	204	25	csr	csr	NOUN
cjfa-59255	204	26	expenditure	expenditure	NOUN
cjfa-59255	204	27	,	,	PUNCT
cjfa-59255	204	28	and	and	CCONJ
cjfa-59255	204	29	the	the	DET
cjfa-59255	204	30	lesser	less	ADJ
cjfa-59255	204	31	the	the	DET
cjfa-59255	204	32	non	non	NOUN
cjfa-59255	204	33	-	-	NOUN
cjfa-59255	204	34	compliance	compliance	NOUN
cjfa-59255	204	35	with	with	ADP
cjfa-59255	204	36	the	the	DET
cjfa-59255	204	37	mandatory	mandatory	ADJ
cjfa-59255	204	38	csr	csr	NOUN
cjfa-59255	204	39	expenditure	expenditure	NOUN
cjfa-59255	204	40	.	.	PUNCT
cjfa-59255	205	1	further	far	ADV
cjfa-59255	205	2	,	,	PUNCT
cjfa-59255	205	3	the	the	DET
cjfa-59255	205	4	study	study	NOUN
cjfa-59255	205	5	of	of	ADP
cjfa-59255	205	6	ours	ours	PRON
cjfa-59255	205	7	is	be	AUX
cjfa-59255	205	8	the	the	DET
cjfa-59255	205	9	first	first	ADJ
cjfa-59255	205	10	one	one	NUM
cjfa-59255	205	11	to	to	PART
cjfa-59255	205	12	empirically	empirically	ADV
cjfa-59255	205	13	provide	provide	VERB
cjfa-59255	205	14	the	the	DET
cjfa-59255	205	15	channel	channel	NOUN
cjfa-59255	205	16	of	of	ADP
cjfa-59255	205	17	such	such	DET
cjfa-59255	205	18	a	a	DET
cjfa-59255	205	19	relation	relation	NOUN
cjfa-59255	205	20	.	.	PUNCT
cjfa-59255	206	1	results	result	NOUN
cjfa-59255	206	2	presented	present	VERB
cjfa-59255	206	3	in	in	ADP
cjfa-59255	206	4	table	table	NOUN
cjfa-59255	206	5	5	5	NUM
cjfa-59255	206	6	suggest	suggest	VERB
cjfa-59255	206	7	that	that	SCONJ
cjfa-59255	206	8	the	the	DET
cjfa-59255	206	9	fiis	fiis	NOUN
cjfa-59255	206	10	push	push	VERB
cjfa-59255	206	11	the	the	DET
cjfa-59255	206	12	firms	firm	NOUN
cjfa-59255	206	13	to	to	PART
cjfa-59255	206	14	comply	comply	VERB
cjfa-59255	206	15	with	with	ADP
cjfa-59255	206	16	the	the	DET
cjfa-59255	206	17	csr	csr	NOUN
cjfa-59255	206	18	regulation	regulation	NOUN
cjfa-59255	206	19	by	by	ADP
cjfa-59255	206	20	reducing	reduce	VERB
cjfa-59255	206	21	the	the	DET
cjfa-59255	206	22	information	information	NOUN
cjfa-59255	206	23	asymmetry	asymmetry	NOUN
cjfa-59255	206	24	and	and	CCONJ
cjfa-59255	206	25	agency	agency	NOUN
cjfa-59255	206	26	problem	problem	NOUN
cjfa-59255	206	27	,	,	PUNCT
cjfa-59255	206	28	as	as	SCONJ
cjfa-59255	206	29	proxied	proxie	VERB
cjfa-59255	206	30	by	by	ADP
cjfa-59255	206	31	the	the	DET
cjfa-59255	206	32	extent	extent	NOUN
cjfa-59255	206	33	of	of	ADP
cjfa-59255	206	34	free	free	ADJ
cjfa-59255	206	35	cash	cash	NOUN
cjfa-59255	206	36	flow	flow	NOUN
cjfa-59255	206	37	.	.	PUNCT
cjfa-59255	207	1	our	our	PRON
cjfa-59255	207	2	results	result	NOUN
cjfa-59255	207	3	support	support	VERB
cjfa-59255	207	4	the	the	DET
cjfa-59255	207	5	monitoring	monitoring	NOUN
cjfa-59255	207	6	role	role	NOUN
cjfa-59255	207	7	of	of	ADP
cjfa-59255	207	8	the	the	DET
cjfa-59255	207	9	fiis	fiis	NOUN
cjfa-59255	207	10	in	in	ADP
cjfa-59255	207	11	indian	indian	ADJ
cjfa-59255	207	12	firms	firm	NOUN
cjfa-59255	207	13	.	.	PUNCT
cjfa-59255	208	1	given	give	VERB
cjfa-59255	208	2	the	the	DET
cjfa-59255	208	3	large	large	ADJ
cjfa-59255	208	4	number	number	NOUN
cjfa-59255	208	5	of	of	ADP
cjfa-59255	208	6	business	business	NOUN
cjfa-59255	208	7	group	group	NOUN
cjfa-59255	208	8	affiliated	affiliate	VERB
cjfa-59255	208	9	firms	firm	NOUN
cjfa-59255	208	10	in	in	ADP
cjfa-59255	208	11	india	india	PROPN
cjfa-59255	208	12	,	,	PUNCT
cjfa-59255	208	13	we	we	PRON
cjfa-59255	208	14	provide	provide	VERB
cjfa-59255	208	15	additional	additional	ADJ
cjfa-59255	208	16	analysis	analysis	NOUN
cjfa-59255	208	17	focusing	focus	VERB
cjfa-59255	208	18	on	on	ADP
cjfa-59255	208	19	the	the	DET
cjfa-59255	208	20	behavior	behavior	NOUN
cjfa-59255	208	21	of	of	ADP
cjfa-59255	208	22	the	the	DET
cjfa-59255	208	23	fiis	fiis	NOUN
cjfa-59255	208	24	in	in	ADP
cjfa-59255	208	25	the	the	DET
cjfa-59255	208	26	group	group	NOUN
cjfa-59255	208	27	member	member	NOUN
cjfa-59255	208	28	firms	firm	NOUN
cjfa-59255	208	29	.	.	PUNCT
cjfa-59255	209	1	supporting	support	VERB
cjfa-59255	209	2	the	the	DET
cjfa-59255	209	3	notion	notion	NOUN
cjfa-59255	209	4	of	of	ADP
cjfa-59255	209	5	business	business	NOUN
cjfa-59255	209	6	groups	group	NOUN
cjfa-59255	209	7	’	'	PUNCT
cjfa-59255	209	8	legacy	legacy	NOUN
cjfa-59255	209	9	of	of	ADP
cjfa-59255	209	10	many	many	ADJ
cjfa-59255	209	11	years	year	NOUN
cjfa-59255	209	12	,	,	PUNCT
cjfa-59255	209	13	fiis	fiis	NOUN
cjfa-59255	209	14	contribute	contribute	VERB
cjfa-59255	209	15	towards	towards	ADP
cjfa-59255	209	16	such	such	ADJ
cjfa-59255	209	17	reputation	reputation	NOUN
cjfa-59255	209	18	maintenance	maintenance	NOUN
cjfa-59255	209	19	and	and	CCONJ
cjfa-59255	209	20	reducing	reduce	VERB
cjfa-59255	209	21	information	information	NOUN
cjfa-59255	209	22	asymmetry	asymmetry	NOUN
cjfa-59255	209	23	by	by	ADP
cjfa-59255	209	24	pushing	push	VERB
cjfa-59255	209	25	them	they	PRON
cjfa-59255	209	26	to	to	PART
cjfa-59255	209	27	comply	comply	VERB
cjfa-59255	209	28	with	with	ADP
cjfa-59255	209	29	the	the	DET
cjfa-59255	209	30	csr	csr	NOUN
cjfa-59255	209	31	mandate	mandate	NOUN
cjfa-59255	209	32	,	,	PUNCT
cjfa-59255	209	33	and	and	CCONJ
cjfa-59255	209	34	thus	thus	ADV
cjfa-59255	209	35	,	,	PUNCT
cjfa-59255	209	36	a	a	DET
cjfa-59255	209	37	more	more	ADV
cjfa-59255	209	38	strengthened	strengthened	ADJ
cjfa-59255	209	39	relation	relation	NOUN
cjfa-59255	209	40	between	between	ADP
cjfa-59255	209	41	fiis	fiis	NOUN
cjfa-59255	209	42	and	and	CCONJ
cjfa-59255	209	43	non	non	NOUN
cjfa-59255	209	44	-	-	NOUN
cjfa-59255	209	45	compliance	compliance	NOUN
cjfa-59255	209	46	in	in	ADP
cjfa-59255	209	47	the	the	DET
cjfa-59255	209	48	business	business	NOUN
cjfa-59255	209	49	groups	group	NOUN
cjfa-59255	209	50	.	.	PUNCT
cjfa-59255	210	1	our	our	PRON
cjfa-59255	210	2	study	study	NOUN
cjfa-59255	210	3	provides	provide	VERB
cjfa-59255	210	4	insights	insight	NOUN
cjfa-59255	210	5	for	for	ADP
cjfa-59255	210	6	the	the	DET
cjfa-59255	210	7	policymakers	policymaker	NOUN
cjfa-59255	210	8	for	for	ADP
cjfa-59255	210	9	encouraging	encourage	VERB
cjfa-59255	210	10	foreign	foreign	ADJ
cjfa-59255	210	11	investors	investor	NOUN
cjfa-59255	210	12	to	to	PART
cjfa-59255	210	13	invest	invest	VERB
cjfa-59255	210	14	in	in	ADP
cjfa-59255	210	15	indian	indian	ADJ
cjfa-59255	210	16	firms	firm	NOUN
cjfa-59255	210	17	,	,	PUNCT
cjfa-59255	210	18	since	since	SCONJ
cjfa-59255	210	19	the	the	DET
cjfa-59255	210	20	presence	presence	NOUN
cjfa-59255	210	21	of	of	ADP
cjfa-59255	210	22	such	such	ADJ
cjfa-59255	210	23	outside	outside	ADJ
cjfa-59255	210	24	investors	investor	NOUN
cjfa-59255	210	25	pushes	push	VERB
cjfa-59255	210	26	the	the	DET
cjfa-59255	210	27	firms	firm	NOUN
cjfa-59255	210	28	to	to	PART
cjfa-59255	210	29	follow	follow	VERB
cjfa-59255	210	30	regulations	regulation	NOUN
cjfa-59255	210	31	–	–	PUNCT
cjfa-59255	210	32	csr	csr	NOUN
cjfa-59255	210	33	regulation	regulation	NOUN
cjfa-59255	210	34	in	in	ADP
cjfa-59255	210	35	this	this	DET
cjfa-59255	210	36	study	study	NOUN
cjfa-59255	210	37	.	.	PUNCT
cjfa-59255	211	1	further	far	ADV
cjfa-59255	211	2	,	,	PUNCT
cjfa-59255	211	3	this	this	DET
cjfa-59255	211	4	study	study	NOUN
cjfa-59255	211	5	can	can	AUX
cjfa-59255	211	6	guide	guide	VERB
cjfa-59255	211	7	investors	investor	NOUN
cjfa-59255	211	8	to	to	PART
cjfa-59255	211	9	understand	understand	VERB
cjfa-59255	211	10	the	the	DET
cjfa-59255	211	11	level	level	NOUN
cjfa-59255	211	12	of	of	ADP
cjfa-59255	211	13	information	information	NOUN
cjfa-59255	211	14	asymmetry	asymmetry	NOUN
cjfa-59255	211	15	in	in	ADP
cjfa-59255	211	16	the	the	DET
cjfa-59255	211	17	firms	firm	NOUN
cjfa-59255	211	18	through	through	ADP
cjfa-59255	211	19	the	the	DET
cjfa-59255	211	20	participation	participation	NOUN
cjfa-59255	211	21	of	of	ADP
cjfa-59255	211	22	the	the	DET
cjfa-59255	211	23	foreign	foreign	ADJ
cjfa-59255	211	24	institutional	institutional	ADJ
cjfa-59255	211	25	investable	investable	ADJ
cjfa-59255	211	26	6	6	NUM
cjfa-59255	211	27	.	.	PUNCT
cjfa-59255	212	1	additional	additional	ADJ
cjfa-59255	212	2	…	…	PUNCT
cjfa-59255	212	3	do	do	AUX
cjfa-59255	212	4	foreign	foreign	ADJ
cjfa-59255	212	5	institutional	institutional	ADJ
cjfa-59255	212	6	investors	investor	NOUN
cjfa-59255	212	7	impact	impact	VERB
cjfa-59255	212	8	compliance	compliance	NOUN
cjfa-59255	212	9	…	…	SYM
cjfa-59255	212	10	125125	125125	NUM
cjfa-59255	212	11	tors	tor	NOUN
cjfa-59255	212	12	.	.	PUNCT
cjfa-59255	213	1	future	future	ADJ
cjfa-59255	213	2	work	work	NOUN
cjfa-59255	213	3	can	can	AUX
cjfa-59255	213	4	be	be	AUX
cjfa-59255	213	5	extended	extend	VERB
cjfa-59255	213	6	to	to	PART
cjfa-59255	213	7	compare	compare	VERB
cjfa-59255	213	8	the	the	DET
cjfa-59255	213	9	role	role	NOUN
cjfa-59255	213	10	of	of	ADP
cjfa-59255	213	11	fiis	fiis	NOUN
cjfa-59255	213	12	in	in	ADP
cjfa-59255	213	13	other	other	ADJ
cjfa-59255	213	14	emerging	emerge	VERB
cjfa-59255	213	15	economies	economy	NOUN
cjfa-59255	213	16	through	through	ADP
cjfa-59255	213	17	other	other	ADJ
cjfa-59255	213	18	regulation	regulation	NOUN
cjfa-59255	213	19	,	,	PUNCT
cjfa-59255	213	20	not	not	PART
cjfa-59255	213	21	confined	confine	VERB
cjfa-59255	213	22	to	to	ADP
cjfa-59255	213	23	only	only	ADV
cjfa-59255	213	24	csr	csr	NOUN
cjfa-59255	213	25	regulation	regulation	NOUN
cjfa-59255	213	26	.	.	PUNCT
cjfa-59255	213	27	 	 	SPACE
cjfa-59255	214	1	reference	reference	NOUN
cjfa-59255	214	2	 	 	SPACE
cjfa-59255	214	3	reference	reference	NOUN
cjfa-59255	214	4	aggarwal	aggarwal	PROPN
cjfa-59255	214	5	,	,	PUNCT
cjfa-59255	214	6	r.	r.	PROPN
cjfa-59255	214	7	,	,	PUNCT
cjfa-59255	214	8	erel	erel	NOUN
cjfa-59255	214	9	,	,	PUNCT
cjfa-59255	214	10	i.	i.	PROPN
cjfa-59255	214	11	,	,	PUNCT
cjfa-59255	214	12	ferreira	ferreira	PROPN
cjfa-59255	214	13	,	,	PUNCT
cjfa-59255	214	14	m.a	m.a	PROPN
cjfa-59255	214	15	.	.	PROPN
cjfa-59255	214	16	,	,	PUNCT
cjfa-59255	214	17	&	&	CCONJ
cjfa-59255	214	18	matos	matos	PROPN
cjfa-59255	214	19	,	,	PUNCT
cjfa-59255	214	20	p.	p.	NOUN
cjfa-59255	214	21	(	(	PUNCT
cjfa-59255	214	22	2011	2011	NUM
cjfa-59255	214	23	)	)	PUNCT
cjfa-59255	214	24	.	.	PUNCT
cjfa-59255	215	1	does	do	AUX
cjfa-59255	215	2	governance	governance	NOUN
cjfa-59255	215	3	travel	travel	VERB
cjfa-59255	215	4	around	around	ADP
cjfa-59255	215	5	the	the	DET
cjfa-59255	215	6	world	world	NOUN
cjfa-59255	215	7	?	?	PUNCT
cjfa-59255	216	1	evidence	evidence	NOUN
cjfa-59255	216	2	from	from	ADP
cjfa-59255	216	3	institutional	institutional	ADJ
cjfa-59255	216	4	investors	investor	NOUN
cjfa-59255	216	5	.	.	PUNCT
cjfa-59255	217	1	journal	journal	PROPN
cjfa-59255	217	2	of	of	ADP
cjfa-59255	217	3	financial	financial	ADJ
cjfa-59255	217	4	economic	economic	ADJ
cjfa-59255	217	5	,	,	PUNCT
cjfa-59255	217	6	100	100	NUM
cjfa-59255	217	7	,	,	PUNCT
cjfa-59255	217	8	154–181	154–181	NUM
cjfa-59255	217	9	.	.	PUNCT
cjfa-59255	218	1	https://doi.org/10.1016/j.jfineco.2010.10.018	https://doi.org/10.1016/j.jfineco.2010.10.018	PROPN
cjfa-59255	218	2	.	.	PUNCT
cjfa-59255	219	1	amel	amel	PROPN
cjfa-59255	219	2	-	-	PUNCT
cjfa-59255	219	3	zadeh	zadeh	PROPN
cjfa-59255	219	4	,	,	PUNCT
cjfa-59255	219	5	a.	a.	PROPN
cjfa-59255	219	6	,	,	PUNCT
cjfa-59255	219	7	&	&	CCONJ
cjfa-59255	219	8	serafeim	serafeim	PROPN
cjfa-59255	219	9	,	,	PUNCT
cjfa-59255	219	10	g.	g.	PROPN
cjfa-59255	219	11	(	(	PUNCT
cjfa-59255	219	12	2018	2018	NUM
cjfa-59255	219	13	)	)	PUNCT
cjfa-59255	219	14	.	.	PUNCT
cjfa-59255	220	1	why	why	SCONJ
cjfa-59255	220	2	and	and	CCONJ
cjfa-59255	220	3	how	how	SCONJ
cjfa-59255	220	4	investors	investor	NOUN
cjfa-59255	220	5	use	use	VERB
cjfa-59255	220	6	esg	esg	PROPN
cjfa-59255	220	7	information	information	NOUN
cjfa-59255	220	8	:	:	PUNCT
cjfa-59255	220	9	evidence	evidence	NOUN
cjfa-59255	220	10	from	from	ADP
cjfa-59255	220	11	a	a	DET
cjfa-59255	220	12	global	global	ADJ
cjfa-59255	220	13	survey	survey	NOUN
cjfa-59255	220	14	.	.	PUNCT
cjfa-59255	221	1	financial	financial	ADJ
cjfa-59255	221	2	analysts	analyst	NOUN
cjfa-59255	221	3	journal	journal	NOUN
cjfa-59255	221	4	,	,	PUNCT
cjfa-59255	221	5	74(3	74(3	NOUN
cjfa-59255	221	6	)	)	PUNCT
cjfa-59255	221	7	,	,	PUNCT
cjfa-59255	221	8	87–103	87–103	NUM
cjfa-59255	221	9	.	.	PUNCT
cjfa-59255	222	1	https://doi	https://doi	PROPN
cjfa-59255	222	2	.	.	PUNCT
cjfa-59255	222	3	org/10.2469	org/10.2469	NOUN
cjfa-59255	222	4	/	/	SYM
cjfa-59255	222	5	faj.v74.n3.2	faj.v74.n3.2	NOUN
cjfa-59255	222	6	.	.	PUNCT
cjfa-59255	223	1	amihud	amihud	PROPN
cjfa-59255	223	2	,	,	PUNCT
cjfa-59255	223	3	y.	y.	PROPN
cjfa-59255	223	4	,	,	PUNCT
cjfa-59255	223	5	&	&	CCONJ
cjfa-59255	223	6	li	li	PROPN
cjfa-59255	223	7	,	,	PUNCT
cjfa-59255	223	8	k.	k.	PROPN
cjfa-59255	223	9	(	(	PUNCT
cjfa-59255	223	10	2006	2006	NUM
cjfa-59255	223	11	)	)	PUNCT
cjfa-59255	223	12	.	.	PUNCT
cjfa-59255	224	1	the	the	DET
cjfa-59255	224	2	declining	decline	VERB
cjfa-59255	224	3	information	information	NOUN
cjfa-59255	224	4	content	content	NOUN
cjfa-59255	224	5	of	of	ADP
cjfa-59255	224	6	dividend	dividend	NOUN
cjfa-59255	224	7	announcements	announcement	NOUN
cjfa-59255	224	8	and	and	CCONJ
cjfa-59255	224	9	the	the	DET
cjfa-59255	224	10	effects	effect	NOUN
cjfa-59255	224	11	of	of	ADP
cjfa-59255	224	12	institutional	institutional	ADJ
cjfa-59255	224	13	holdings	holding	NOUN
cjfa-59255	224	14	.	.	PUNCT
cjfa-59255	225	1	journal	journal	NOUN
cjfa-59255	225	2	of	of	ADP
cjfa-59255	225	3	financial	financial	ADJ
cjfa-59255	225	4	and	and	CCONJ
cjfa-59255	225	5	quantitative	quantitative	ADJ
cjfa-59255	225	6	analysis	analysis	NOUN
cjfa-59255	225	7	,	,	PUNCT
cjfa-59255	225	8	41(3	41(3	NUM
cjfa-59255	225	9	)	)	PUNCT
cjfa-59255	225	10	,	,	PUNCT
cjfa-59255	225	11	637–660	637–660	NUM
cjfa-59255	225	12	.	.	PUNCT
cjfa-59255	226	1	https://doi.org/10.1017/s0022109000002568	https://doi.org/10.1017/s0022109000002568	PROPN
cjfa-59255	226	2	.	.	PROPN
cjfa-59255	226	3	attig	attig	PROPN
cjfa-59255	226	4	,	,	PUNCT
cjfa-59255	226	5	n.	n.	NOUN
cjfa-59255	226	6	,	,	PUNCT
cjfa-59255	226	7	boubakri	boubakri	NOUN
cjfa-59255	226	8	,	,	PUNCT
cjfa-59255	226	9	n.	n.	NOUN
cjfa-59255	226	10	,	,	PUNCT
cjfa-59255	226	11	el	el	PROPN
cjfa-59255	226	12	ghoul	ghoul	PROPN
cjfa-59255	226	13	,	,	PUNCT
cjfa-59255	226	14	s.	s.	PROPN
cjfa-59255	226	15	,	,	PUNCT
cjfa-59255	226	16	&	&	CCONJ
cjfa-59255	226	17	guedhami	guedhami	NOUN
cjfa-59255	226	18	,	,	PUNCT
cjfa-59255	226	19	o.	o.	PROPN
cjfa-59255	226	20	(	(	PUNCT
cjfa-59255	226	21	2016	2016	NUM
cjfa-59255	226	22	)	)	PUNCT
cjfa-59255	226	23	.	.	PUNCT
cjfa-59255	227	1	the	the	DET
cjfa-59255	227	2	global	global	ADJ
cjfa-59255	227	3	financial	financial	ADJ
cjfa-59255	227	4	crisis	crisis	NOUN
cjfa-59255	227	5	,	,	PUNCT
cjfa-59255	227	6	family	family	NOUN
cjfa-59255	227	7	control	control	NOUN
cjfa-59255	227	8	,	,	PUNCT
cjfa-59255	227	9	and	and	CCONJ
cjfa-59255	227	10	dividend	dividend	NOUN
cjfa-59255	227	11	policy	policy	NOUN
cjfa-59255	227	12	.	.	PUNCT
cjfa-59255	228	1	financial	financial	ADJ
cjfa-59255	228	2	management	management	NOUN
cjfa-59255	228	3	,	,	PUNCT
cjfa-59255	228	4	45(2	45(2	NOUN
cjfa-59255	228	5	)	)	PUNCT
cjfa-59255	228	6	,	,	PUNCT
cjfa-59255	228	7	291–313	291–313	NUM
cjfa-59255	228	8	.	.	PUNCT
cjfa-59255	229	1	https://	https://	PROPN
cjfa-59255	229	2	doi.org/10.1111/fima.12115	doi.org/10.1111/fima.12115	PROPN
cjfa-59255	229	3	.	.	PUNCT
cjfa-59255	230	1	bhattacharyya	bhattacharyya	ADJ
cjfa-59255	230	2	,	,	PUNCT
cjfa-59255	230	3	a.	a.	NOUN
cjfa-59255	230	4	,	,	PUNCT
cjfa-59255	230	5	&	&	CCONJ
cjfa-59255	230	6	rahman	rahman	PROPN
cjfa-59255	230	7	,	,	PUNCT
cjfa-59255	230	8	m.l	m.l	PROPN
cjfa-59255	230	9	.	.	PUNCT
cjfa-59255	230	10	(	(	PUNCT
cjfa-59255	230	11	2019	2019	NUM
cjfa-59255	230	12	)	)	PUNCT
cjfa-59255	230	13	,	,	PUNCT
cjfa-59255	230	14	mandatory	mandatory	ADJ
cjfa-59255	230	15	csr	csr	NOUN
cjfa-59255	230	16	expenditure	expenditure	NOUN
cjfa-59255	230	17	and	and	CCONJ
cjfa-59255	230	18	firm	firm	ADJ
cjfa-59255	230	19	performance	performance	NOUN
cjfa-59255	230	20	.	.	PUNCT
cjfa-59255	231	1	journal	journal	PROPN
cjfa-59255	231	2	of	of	ADP
cjfa-59255	231	3	contemporary	contemporary	PROPN
cjfa-59255	231	4	accounting	accounting	NOUN
cjfa-59255	231	5	and	and	CCONJ
cjfa-59255	231	6	economics	economic	NOUN
cjfa-59255	231	7	,	,	PUNCT
cjfa-59255	231	8	15(3	15(3	NUM
cjfa-59255	231	9	)	)	PUNCT
cjfa-59255	231	10	,	,	PUNCT
cjfa-59255	231	11	100163	100163	NUM
cjfa-59255	231	12	.	.	PUNCT
cjfa-59255	232	1	https://doi.org/10.1016/j.jcae.2019.100163	https://doi.org/10.1016/j.jcae.2019.100163	PROPN
cjfa-59255	232	2	.	.	PUNCT
cjfa-59255	233	1	buchanan	buchanan	PROPN
cjfa-59255	233	2	,	,	PUNCT
cjfa-59255	233	3	b.	b.	PROPN
cjfa-59255	233	4	,	,	PUNCT
cjfa-59255	233	5	cao	cao	PROPN
cjfa-59255	233	6	,	,	PUNCT
cjfa-59255	233	7	c.x	c.x	PROPN
cjfa-59255	233	8	.	.	PROPN
cjfa-59255	233	9	,	,	PUNCT
cjfa-59255	233	10	&	&	CCONJ
cjfa-59255	233	11	chen	chen	PROPN
cjfa-59255	233	12	,	,	PUNCT
cjfa-59255	233	13	c.	c.	PROPN
cjfa-59255	233	14	(	(	PUNCT
cjfa-59255	233	15	2018	2018	NUM
cjfa-59255	233	16	)	)	PUNCT
cjfa-59255	233	17	.	.	PUNCT
cjfa-59255	234	1	corporate	corporate	ADJ
cjfa-59255	234	2	social	social	ADJ
cjfa-59255	234	3	responsibility	responsibility	NOUN
cjfa-59255	234	4	,	,	PUNCT
cjfa-59255	234	5	firm	firm	ADJ
cjfa-59255	234	6	value	value	NOUN
cjfa-59255	234	7	,	,	PUNCT
cjfa-59255	234	8	and	and	CCONJ
cjfa-59255	234	9	influential	influential	ADJ
cjfa-59255	234	10	institutional	institutional	ADJ
cjfa-59255	234	11	ownership	ownership	NOUN
cjfa-59255	234	12	.	.	PUNCT
cjfa-59255	235	1	journal	journal	NOUN
cjfa-59255	235	2	of	of	ADP
cjfa-59255	235	3	corporate	corporate	ADJ
cjfa-59255	235	4	finance	finance	NOUN
cjfa-59255	235	5	,	,	PUNCT
cjfa-59255	235	6	52	52	NUM
cjfa-59255	235	7	,	,	PUNCT
cjfa-59255	235	8	73–95	73–95	NUM
cjfa-59255	235	9	.	.	PUNCT
cjfa-59255	236	1	https://doi.org/10.1016/j.jcorpfin.2018.07.004	https://doi.org/10.1016/j.jcorpfin.2018.07.004	PROPN
cjfa-59255	236	2	.	.	PUNCT
cjfa-59255	237	1	dyck	dyck	PROPN
cjfa-59255	237	2	,	,	PUNCT
cjfa-59255	237	3	a.	a.	NOUN
cjfa-59255	237	4	,	,	PUNCT
cjfa-59255	237	5	lins	lins	PROPN
cjfa-59255	237	6	,	,	PUNCT
cjfa-59255	237	7	k.v	k.v	PROPN
cjfa-59255	237	8	.	.	PROPN
cjfa-59255	237	9	,	,	PUNCT
cjfa-59255	237	10	roth	roth	PROPN
cjfa-59255	237	11	,	,	PUNCT
cjfa-59255	237	12	l.	l.	PROPN
cjfa-59255	237	13	,	,	PUNCT
cjfa-59255	237	14	&	&	CCONJ
cjfa-59255	237	15	wagner	wagner	PROPN
cjfa-59255	237	16	,	,	PUNCT
cjfa-59255	237	17	h.f	h.f	PROPN
cjfa-59255	237	18	.	.	PROPN
cjfa-59255	237	19	(	(	PUNCT
cjfa-59255	237	20	2019	2019	NUM
cjfa-59255	237	21	)	)	PUNCT
cjfa-59255	237	22	.	.	PUNCT
cjfa-59255	238	1	do	do	AUX
cjfa-59255	238	2	institutional	institutional	ADJ
cjfa-59255	238	3	investors	investor	NOUN
cjfa-59255	238	4	drive	drive	VERB
cjfa-59255	238	5	corporate	corporate	ADJ
cjfa-59255	238	6	social	social	ADJ
cjfa-59255	238	7	responsibility	responsibility	NOUN
cjfa-59255	238	8	?	?	PUNCT
cjfa-59255	239	1	international	international	ADJ
cjfa-59255	239	2	evidence	evidence	NOUN
cjfa-59255	239	3	.	.	PUNCT
cjfa-59255	240	1	journal	journal	NOUN
cjfa-59255	240	2	of	of	ADP
cjfa-59255	240	3	financial	financial	ADJ
cjfa-59255	240	4	economics	economic	NOUN
cjfa-59255	240	5	,	,	PUNCT
cjfa-59255	240	6	131(3	131(3	NUM
cjfa-59255	240	7	)	)	PUNCT
cjfa-59255	240	8	,	,	PUNCT
cjfa-59255	240	9	693–714	693–714	NUM
cjfa-59255	240	10	.	.	PUNCT
cjfa-59255	241	1	https://doi.org/10.1016/j.jfineco.2018.08.013	https://doi.org/10.1016/j.jfineco.2018.08.013	PROPN
cjfa-59255	241	2	.	.	PROPN
cjfa-59255	241	3	freeman	freeman	PROPN
cjfa-59255	241	4	,	,	PUNCT
cjfa-59255	241	5	r.	r.	PROPN
cjfa-59255	241	6	(	(	PUNCT
cjfa-59255	241	7	1984	1984	NUM
cjfa-59255	241	8	)	)	PUNCT
cjfa-59255	241	9	.	.	PUNCT
cjfa-59255	242	1	strategic	strategic	ADJ
cjfa-59255	242	2	management	management	NOUN
cjfa-59255	242	3	:	:	PUNCT
cjfa-59255	242	4	a	a	DET
cjfa-59255	242	5	stakeholder	stakeholder	NOUN
cjfa-59255	242	6	approach	approach	NOUN
cjfa-59255	242	7	.	.	PUNCT
cjfa-59255	243	1	massachusetts	massachusetts	PROPN
cjfa-59255	243	2	pitman	pitman	PROPN
cjfa-59255	243	3	publishing	publishing	PROPN
cjfa-59255	243	4	.	.	PUNCT
cjfa-59255	244	1	gillan	gillan	PROPN
cjfa-59255	244	2	,	,	PUNCT
cjfa-59255	244	3	s.	s.	PROPN
cjfa-59255	244	4	,	,	PUNCT
cjfa-59255	244	5	&	&	CCONJ
cjfa-59255	244	6	starks	starks	PROPN
cjfa-59255	244	7	,	,	PUNCT
cjfa-59255	244	8	l.	l.	PROPN
cjfa-59255	244	9	(	(	PUNCT
cjfa-59255	244	10	2000	2000	NUM
cjfa-59255	244	11	)	)	PUNCT
cjfa-59255	244	12	.	.	PUNCT
cjfa-59255	245	1	corporate	corporate	ADJ
cjfa-59255	245	2	governance	governance	NOUN
cjfa-59255	245	3	proposals	proposal	NOUN
cjfa-59255	245	4	and	and	CCONJ
cjfa-59255	245	5	shareholder	shareholder	NOUN
cjfa-59255	245	6	activism	activism	NOUN
cjfa-59255	245	7	:	:	PUNCT
cjfa-59255	245	8	the	the	DET
cjfa-59255	245	9	role	role	NOUN
cjfa-59255	245	10	of	of	ADP
cjfa-59255	245	11	institutional	institutional	ADJ
cjfa-59255	245	12	investors	investor	NOUN
cjfa-59255	245	13	.	.	PUNCT
cjfa-59255	246	1	journal	journal	PROPN
cjfa-59255	246	2	of	of	ADP
cjfa-59255	246	3	financial	financial	ADJ
cjfa-59255	246	4	economics	economic	NOUN
cjfa-59255	246	5	,	,	PUNCT
cjfa-59255	246	6	57	57	NUM
cjfa-59255	246	7	,	,	PUNCT
cjfa-59255	246	8	275–305	275–305	NUM
cjfa-59255	246	9	.	.	PUNCT
cjfa-59255	247	1	https://doi.org/10.1016/s0304-405x(00)00058-1	https://doi.org/10.1016/s0304-405x(00)00058-1	PROPN
cjfa-59255	247	2	.	.	PUNCT
cjfa-59255	248	1	gillan	gillan	PROPN
cjfa-59255	248	2	,	,	PUNCT
cjfa-59255	248	3	s.	s.	PROPN
cjfa-59255	248	4	,	,	PUNCT
cjfa-59255	248	5	&	&	CCONJ
cjfa-59255	248	6	starks	starks	PROPN
cjfa-59255	248	7	,	,	PUNCT
cjfa-59255	248	8	l.	l.	PROPN
cjfa-59255	248	9	(	(	PUNCT
cjfa-59255	248	10	2003	2003	NUM
cjfa-59255	248	11	)	)	PUNCT
cjfa-59255	248	12	.	.	PUNCT
cjfa-59255	249	1	corporate	corporate	ADJ
cjfa-59255	249	2	governance	governance	NOUN
cjfa-59255	249	3	,	,	PUNCT
cjfa-59255	249	4	corporate	corporate	ADJ
cjfa-59255	249	5	ownership	ownership	NOUN
cjfa-59255	249	6	,	,	PUNCT
cjfa-59255	249	7	and	and	CCONJ
cjfa-59255	249	8	the	the	DET
cjfa-59255	249	9	role	role	NOUN
cjfa-59255	249	10	of	of	ADP
cjfa-59255	249	11	institutional	institutional	ADJ
cjfa-59255	249	12	investors	investor	NOUN
cjfa-59255	249	13	:	:	PUNCT
cjfa-59255	249	14	a	a	DET
cjfa-59255	249	15	global	global	ADJ
cjfa-59255	249	16	perspective	perspective	NOUN
cjfa-59255	249	17	.	.	PUNCT
cjfa-59255	250	1	journal	journal	NOUN
cjfa-59255	250	2	of	of	ADP
cjfa-59255	250	3	applied	apply	VERB
cjfa-59255	250	4	finance	finance	NOUN
cjfa-59255	250	5	,	,	PUNCT
cjfa-59255	250	6	13	13	NUM
cjfa-59255	250	7	,	,	PUNCT
cjfa-59255	250	8	4–22	4–22	PROPN
cjfa-59255	250	9	.	.	PUNCT
cjfa-59255	251	1	http://dx.doi.org/10.2139/ssrn.439500	http://dx.doi.org/10.2139/ssrn.439500	PROPN
cjfa-59255	251	2	.	.	PUNCT
cjfa-59255	251	3	holmes	holmes	PROPN
cjfa-59255	251	4	jr	jr	PROPN
cjfa-59255	251	5	,	,	PUNCT
cjfa-59255	251	6	r.m	r.m	PROPN
cjfa-59255	251	7	.	.	PROPN
cjfa-59255	251	8	,	,	PUNCT
cjfa-59255	251	9	hoskisson	hoskisson	PROPN
cjfa-59255	251	10	,	,	PUNCT
cjfa-59255	251	11	r.e	r.e	PROPN
cjfa-59255	251	12	.	.	PROPN
cjfa-59255	251	13	,	,	PUNCT
cjfa-59255	251	14	kim	kim	PROPN
cjfa-59255	251	15	,	,	PUNCT
cjfa-59255	251	16	h.	h.	PROPN
cjfa-59255	251	17	,	,	PUNCT
cjfa-59255	251	18	wan	wan	PROPN
cjfa-59255	251	19	,	,	PUNCT
cjfa-59255	251	20	w.p	w.p	PROPN
cjfa-59255	251	21	.	.	PROPN
cjfa-59255	251	22	,	,	PUNCT
cjfa-59255	251	23	&	&	CCONJ
cjfa-59255	251	24	holcomb	holcomb	PROPN
cjfa-59255	251	25	,	,	PUNCT
cjfa-59255	251	26	t.r	t.r	PROPN
cjfa-59255	251	27	.	.	PROPN
cjfa-59255	251	28	(	(	PUNCT
cjfa-59255	251	29	2018	2018	NUM
cjfa-59255	251	30	)	)	PUNCT
cjfa-59255	251	31	.	.	PUNCT
cjfa-59255	252	1	international	international	ADJ
cjfa-59255	252	2	strategy	strategy	NOUN
cjfa-59255	252	3	and	and	CCONJ
cjfa-59255	252	4	business	business	NOUN
cjfa-59255	252	5	groups	group	NOUN
cjfa-59255	252	6	:	:	PUNCT
cjfa-59255	252	7	a	a	DET
cjfa-59255	252	8	review	review	NOUN
cjfa-59255	252	9	and	and	CCONJ
cjfa-59255	252	10	future	future	ADJ
cjfa-59255	252	11	research	research	NOUN
cjfa-59255	252	12	agenda	agenda	NOUN
cjfa-59255	252	13	.	.	PUNCT
cjfa-59255	253	1	journal	journal	PROPN
cjfa-59255	253	2	of	of	ADP
cjfa-59255	253	3	world	world	PROPN
cjfa-59255	253	4	business	business	NOUN
cjfa-59255	253	5	,	,	PUNCT
cjfa-59255	253	6	53(2	53(2	NUM
cjfa-59255	253	7	)	)	PUNCT
cjfa-59255	253	8	,	,	PUNCT
cjfa-59255	253	9	134–150	134–150	NUM
cjfa-59255	253	10	.	.	PUNCT
cjfa-59255	254	1	https://doi.org/10.1016/j.jwb.2016.11.003	https://doi.org/10.1016/j.jwb.2016.11.003	PROPN
cjfa-59255	254	2	.	.	PUNCT
cjfa-59255	254	3	ioannou	ioannou	PROPN
cjfa-59255	254	4	,	,	PUNCT
cjfa-59255	254	5	i.	i.	PROPN
cjfa-59255	254	6	,	,	PUNCT
cjfa-59255	254	7	&	&	CCONJ
cjfa-59255	254	8	serafeim	serafeim	PROPN
cjfa-59255	254	9	,	,	PUNCT
cjfa-59255	254	10	g.	g.	PROPN
cjfa-59255	254	11	(	(	PUNCT
cjfa-59255	254	12	2015	2015	NUM
cjfa-59255	254	13	)	)	PUNCT
cjfa-59255	254	14	.	.	PUNCT
cjfa-59255	255	1	the	the	DET
cjfa-59255	255	2	impact	impact	NOUN
cjfa-59255	255	3	of	of	ADP
cjfa-59255	255	4	corporate	corporate	ADJ
cjfa-59255	255	5	social	social	ADJ
cjfa-59255	255	6	responsibility	responsibility	NOUN
cjfa-59255	255	7	on	on	ADP
cjfa-59255	255	8	investment	investment	NOUN
cjfa-59255	255	9	recommendations	recommendation	NOUN
cjfa-59255	255	10	:	:	PUNCT
cjfa-59255	255	11	analysts	analyst	NOUN
cjfa-59255	255	12	’	’	PART
cjfa-59255	255	13	perceptions	perception	NOUN
cjfa-59255	255	14	and	and	CCONJ
cjfa-59255	255	15	shifting	shift	VERB
cjfa-59255	255	16	institutional	institutional	ADJ
cjfa-59255	255	17	logics	logic	NOUN
cjfa-59255	255	18	.	.	PUNCT
cjfa-59255	256	1	strategic	strategic	ADJ
cjfa-59255	256	2	management	management	NOUN
cjfa-59255	256	3	journal	journal	NOUN
cjfa-59255	256	4	,	,	PUNCT
cjfa-59255	256	5	36(7	36(7	NUM
cjfa-59255	256	6	)	)	PUNCT
cjfa-59255	256	7	,	,	PUNCT
cjfa-59255	256	8	1053–1081	1053–1081	NUM
cjfa-59255	256	9	.	.	PUNCT
cjfa-59255	257	1	https://doi.org/10.1002/smj.2268	https://doi.org/10.1002/smj.2268	PROPN
cjfa-59255	257	2	.	.	PUNCT
cjfa-59255	258	1	jensen	jensen	PROPN
cjfa-59255	258	2	,	,	PUNCT
cjfa-59255	258	3	m.c	m.c	PROPN
cjfa-59255	258	4	.	.	PROPN
cjfa-59255	258	5	(	(	PUNCT
cjfa-59255	258	6	1986	1986	NUM
cjfa-59255	258	7	)	)	PUNCT
cjfa-59255	258	8	.	.	PUNCT
cjfa-59255	259	1	agency	agency	NOUN
cjfa-59255	259	2	costs	cost	NOUN
cjfa-59255	259	3	of	of	ADP
cjfa-59255	259	4	free	free	ADJ
cjfa-59255	259	5	cash	cash	NOUN
cjfa-59255	259	6	flow	flow	NOUN
cjfa-59255	259	7	,	,	PUNCT
cjfa-59255	259	8	corporate	corporate	ADJ
cjfa-59255	259	9	finance	finance	NOUN
cjfa-59255	259	10	,	,	PUNCT
cjfa-59255	259	11	and	and	CCONJ
cjfa-59255	259	12	takeovers	takeover	NOUN
cjfa-59255	259	13	.	.	PUNCT
cjfa-59255	260	1	the	the	DET
cjfa-59255	260	2	american	american	PROPN
cjfa-59255	260	3	economic	economic	PROPN
cjfa-59255	260	4	review	review	PROPN
cjfa-59255	260	5	,	,	PUNCT
cjfa-59255	260	6	76(2	76(2	NUM
cjfa-59255	260	7	)	)	PUNCT
cjfa-59255	260	8	,	,	PUNCT
cjfa-59255	260	9	323–329	323–329	NUM
cjfa-59255	260	10	.	.	PUNCT
cjfa-59255	260	11	https://dx.doi.org/10.2139/ssrn.439500	https://dx.doi.org/10.2139/ssrn.439500	PROPN
cjfa-59255	260	12	geeta	geeta	PROPN
cjfa-59255	260	13	singh126126	singh126126	PROPN
cjfa-59255	260	14	khanna	khanna	PROPN
cjfa-59255	260	15	,	,	PUNCT
cjfa-59255	260	16	t.	t.	PROPN
cjfa-59255	260	17	,	,	PUNCT
cjfa-59255	260	18	&	&	CCONJ
cjfa-59255	260	19	palepu	palepu	PROPN
cjfa-59255	260	20	,	,	PUNCT
cjfa-59255	260	21	k.	k.	PROPN
cjfa-59255	260	22	(	(	PUNCT
cjfa-59255	260	23	1999	1999	NUM
cjfa-59255	260	24	)	)	PUNCT
cjfa-59255	260	25	.	.	PUNCT
cjfa-59255	261	1	policy	policy	NOUN
cjfa-59255	261	2	shocks	shock	NOUN
cjfa-59255	261	3	,	,	PUNCT
cjfa-59255	261	4	market	market	NOUN
cjfa-59255	261	5	intermediaries	intermediary	NOUN
cjfa-59255	261	6	,	,	PUNCT
cjfa-59255	261	7	and	and	CCONJ
cjfa-59255	261	8	corporate	corporate	ADJ
cjfa-59255	261	9	strategy	strategy	NOUN
cjfa-59255	261	10	:	:	PUNCT
cjfa-59255	261	11	the	the	DET
cjfa-59255	261	12	evolution	evolution	NOUN
cjfa-59255	261	13	of	of	ADP
cjfa-59255	261	14	business	business	NOUN
cjfa-59255	261	15	groups	group	NOUN
cjfa-59255	261	16	in	in	ADP
cjfa-59255	261	17	chile	chile	PROPN
cjfa-59255	261	18	and	and	CCONJ
cjfa-59255	261	19	india	india	PROPN
cjfa-59255	261	20	.	.	PROPN
cjfa-59255	261	21	journal	journal	PROPN
cjfa-59255	261	22	of	of	ADP
cjfa-59255	261	23	economics	economics	PROPN
cjfa-59255	261	24	&	&	CCONJ
cjfa-59255	261	25	management	management	NOUN
cjfa-59255	261	26	strategy	strategy	NOUN
cjfa-59255	261	27	,	,	PUNCT
cjfa-59255	261	28	8(2	8(2	NUM
cjfa-59255	261	29	)	)	PUNCT
cjfa-59255	261	30	,	,	PUNCT
cjfa-59255	261	31	271–310	271–310	NUM
cjfa-59255	261	32	.	.	PUNCT
cjfa-59255	261	33	https://doi.org/10.1111/j.1430-9134.1999	https://doi.org/10.1111/j.1430-9134.1999	PROPN
cjfa-59255	261	34	.	.	PUNCT
cjfa-59255	262	1	00271.x	00271.x	X
cjfa-59255	262	2	.	.	PUNCT
cjfa-59255	263	1	khanna	khanna	PROPN
cjfa-59255	263	2	,	,	PUNCT
cjfa-59255	263	3	t.	t.	PROPN
cjfa-59255	263	4	,	,	PUNCT
cjfa-59255	263	5	&	&	CCONJ
cjfa-59255	263	6	palepu	palepu	PROPN
cjfa-59255	263	7	,	,	PUNCT
cjfa-59255	263	8	k.	k.	PROPN
cjfa-59255	263	9	(	(	PUNCT
cjfa-59255	263	10	2000	2000	NUM
cjfa-59255	263	11	)	)	PUNCT
cjfa-59255	263	12	.	.	PUNCT
cjfa-59255	264	1	is	be	AUX
cjfa-59255	264	2	group	group	NOUN
cjfa-59255	264	3	affiliation	affiliation	NOUN
cjfa-59255	264	4	profitable	profitable	ADJ
cjfa-59255	264	5	in	in	ADP
cjfa-59255	264	6	emerging	emerge	VERB
cjfa-59255	264	7	markets	market	NOUN
cjfa-59255	264	8	?	?	PUNCT
cjfa-59255	265	1	an	an	DET
cjfa-59255	265	2	analysis	analysis	NOUN
cjfa-59255	265	3	of	of	ADP
cjfa-59255	265	4	diversified	diversified	ADJ
cjfa-59255	265	5	indian	indian	ADJ
cjfa-59255	265	6	business	business	NOUN
cjfa-59255	265	7	groups	group	NOUN
cjfa-59255	265	8	.	.	PUNCT
cjfa-59255	266	1	journal	journal	PROPN
cjfa-59255	266	2	of	of	ADP
cjfa-59255	266	3	finance	finance	NOUN
cjfa-59255	266	4	,	,	PUNCT
cjfa-59255	266	5	55	55	NUM
cjfa-59255	266	6	,	,	PUNCT
cjfa-59255	266	7	867–890	867–890	NUM
cjfa-59255	266	8	.	.	PUNCT
cjfa-59255	267	1	https://doi.org/10.1111/0022-1082.00229	https://doi.org/10.1111/0022-1082.00229	PROPN
cjfa-59255	267	2	.	.	PUNCT
cjfa-59255	268	1	kumar	kumar	PROPN
cjfa-59255	268	2	,	,	PUNCT
cjfa-59255	268	3	s.	s.	PROPN
cjfa-59255	268	4	,	,	PUNCT
cjfa-59255	268	5	&	&	CCONJ
cjfa-59255	268	6	singh	singh	PROPN
cjfa-59255	268	7	,	,	PUNCT
cjfa-59255	268	8	g.	g.	PROPN
cjfa-59255	268	9	(	(	PUNCT
cjfa-59255	268	10	2023	2023	NUM
cjfa-59255	268	11	)	)	PUNCT
cjfa-59255	268	12	.	.	PUNCT
cjfa-59255	269	1	does	do	VERB
cjfa-59255	269	2	mandatory	mandatory	ADJ
cjfa-59255	269	3	csr	csr	NOUN
cjfa-59255	269	4	expenditure	expenditure	NOUN
cjfa-59255	269	5	regulation	regulation	NOUN
cjfa-59255	269	6	matter	matter	NOUN
cjfa-59255	269	7	to	to	ADP
cjfa-59255	269	8	promoters	promoter	NOUN
cjfa-59255	269	9	?	?	PUNCT
cjfa-59255	270	1	empirical	empirical	ADJ
cjfa-59255	270	2	evidence	evidence	NOUN
cjfa-59255	270	3	from	from	ADP
cjfa-59255	270	4	india	india	PROPN
cjfa-59255	270	5	.	.	PUNCT
cjfa-59255	271	1	meditari	meditari	ADJ
cjfa-59255	271	2	accountancy	accountancy	NOUN
cjfa-59255	271	3	research	research	NOUN
cjfa-59255	271	4	,	,	PUNCT
cjfa-59255	271	5	31(5	31(5	NUM
cjfa-59255	271	6	)	)	PUNCT
cjfa-59255	271	7	,	,	PUNCT
cjfa-59255	271	8	1325–1351	1325–1351	NUM
cjfa-59255	271	9	.	.	PUNCT
cjfa-59255	272	1	https://doi.org/10.1108/medar-09-2021-1428	https://doi.org/10.1108/medar-09-2021-1428	PROPN
cjfa-59255	272	2	.	.	PUNCT
cjfa-59255	273	1	kumar	kumar	PROPN
cjfa-59255	273	2	,	,	PUNCT
cjfa-59255	273	3	s.	s.	PROPN
cjfa-59255	273	4	,	,	PUNCT
cjfa-59255	273	5	&	&	CCONJ
cjfa-59255	273	6	singh	singh	PROPN
cjfa-59255	273	7	,	,	PUNCT
cjfa-59255	273	8	g.	g.	PROPN
cjfa-59255	273	9	(	(	PUNCT
cjfa-59255	273	10	2024	2024	NUM
cjfa-59255	273	11	)	)	PUNCT
cjfa-59255	273	12	.	.	PUNCT
cjfa-59255	274	1	cross	cross	ADJ
cjfa-59255	274	2	-	-	ADJ
cjfa-59255	274	3	listing	listing	NOUN
cjfa-59255	274	4	and	and	CCONJ
cjfa-59255	274	5	noncompliance	noncompliance	NOUN
cjfa-59255	274	6	with	with	ADP
cjfa-59255	274	7	the	the	DET
cjfa-59255	274	8	mandatory	mandatory	ADJ
cjfa-59255	274	9	csr	csr	NOUN
cjfa-59255	274	10	expenditure	expenditure	NOUN
cjfa-59255	274	11	regulation	regulation	NOUN
cjfa-59255	274	12	.	.	PUNCT
cjfa-59255	275	1	international	international	ADJ
cjfa-59255	275	2	journal	journal	PROPN
cjfa-59255	275	3	of	of	ADP
cjfa-59255	275	4	managerial	managerial	ADJ
cjfa-59255	275	5	finance	finance	NOUN
cjfa-59255	275	6	,	,	PUNCT
cjfa-59255	275	7	20(1	20(1	NUM
cjfa-59255	275	8	)	)	PUNCT
cjfa-59255	275	9	,	,	PUNCT
cjfa-59255	275	10	20–39	20–39	NUM
cjfa-59255	275	11	.	.	PUNCT
cjfa-59255	276	1	https://doi.org/10.1108/ijmf-04-2022-0162	https://doi.org/10.1108/ijmf-04-2022-0162	NOUN
cjfa-59255	276	2	.	.	PUNCT
cjfa-59255	277	1	lamin	lamin	NOUN
cjfa-59255	277	2	,	,	PUNCT
cjfa-59255	277	3	a.	a.	NOUN
cjfa-59255	277	4	(	(	PUNCT
cjfa-59255	277	5	2013	2013	NUM
cjfa-59255	277	6	)	)	PUNCT
cjfa-59255	277	7	.	.	PUNCT
cjfa-59255	278	1	business	business	NOUN
cjfa-59255	278	2	groups	group	NOUN
cjfa-59255	278	3	as	as	ADP
cjfa-59255	278	4	information	information	NOUN
cjfa-59255	278	5	resource	resource	NOUN
cjfa-59255	278	6	:	:	PUNCT
cjfa-59255	278	7	an	an	DET
cjfa-59255	278	8	investigation	investigation	NOUN
cjfa-59255	278	9	of	of	ADP
cjfa-59255	278	10	business	business	NOUN
cjfa-59255	278	11	group	group	NOUN
cjfa-59255	278	12	affiliation	affiliation	NOUN
cjfa-59255	278	13	in	in	ADP
cjfa-59255	278	14	the	the	DET
cjfa-59255	278	15	indian	indian	ADJ
cjfa-59255	278	16	software	software	PROPN
cjfa-59255	278	17	services	service	NOUN
cjfa-59255	278	18	industry	industry	NOUN
cjfa-59255	278	19	.	.	PUNCT
cjfa-59255	279	1	academy	academy	PROPN
cjfa-59255	279	2	of	of	ADP
cjfa-59255	279	3	management	management	PROPN
cjfa-59255	279	4	journal	journal	PROPN
cjfa-59255	279	5	,	,	PUNCT
cjfa-59255	279	6	56(5	56(5	NUM
cjfa-59255	279	7	)	)	PUNCT
cjfa-59255	279	8	,	,	PUNCT
cjfa-59255	279	9	1487–1509	1487–1509	NUM
cjfa-59255	279	10	.	.	PUNCT
cjfa-59255	280	1	https://doi.org/10.5465/amj.2011.0176	https://doi.org/10.5465/amj.2011.0176	NOUN
cjfa-59255	280	2	.	.	PUNCT
cjfa-59255	281	1	laskowska	laskowska	PROPN
cjfa-59255	281	2	,	,	PUNCT
cjfa-59255	281	3	a.	a.	NOUN
cjfa-59255	281	4	(	(	PUNCT
cjfa-59255	281	5	2018	2018	NUM
cjfa-59255	281	6	)	)	PUNCT
cjfa-59255	281	7	.	.	PUNCT
cjfa-59255	282	1	stock	stock	NOUN
cjfa-59255	282	2	market	market	NOUN
cjfa-59255	282	3	indices	indice	VERB
cjfa-59255	282	4	as	as	ADP
cjfa-59255	282	5	a	a	DET
cjfa-59255	282	6	measurment	measurment	NOUN
cjfa-59255	282	7	tool	tool	NOUN
cjfa-59255	282	8	for	for	ADP
cjfa-59255	282	9	profitability	profitability	NOUN
cjfa-59255	282	10	of	of	ADP
cjfa-59255	282	11	corporate	corporate	ADJ
cjfa-59255	282	12	social	social	ADJ
cjfa-59255	282	13	responsibility	responsibility	NOUN
cjfa-59255	282	14	activities	activity	NOUN
cjfa-59255	282	15	.	.	PUNCT
cjfa-59255	283	1	copernican	copernican	PROPN
cjfa-59255	283	2	journal	journal	PROPN
cjfa-59255	283	3	of	of	ADP
cjfa-59255	283	4	finance	finance	PROPN
cjfa-59255	283	5	&	&	CCONJ
cjfa-59255	283	6	accounting	accounting	NOUN
cjfa-59255	283	7	,	,	PUNCT
cjfa-59255	283	8	7(4	7(4	NUM
cjfa-59255	283	9	)	)	PUNCT
cjfa-59255	283	10	,	,	PUNCT
cjfa-59255	283	11	71–86	71–86	NUM
cjfa-59255	283	12	.	.	PUNCT
cjfa-59255	284	1	https://doi.org/10.12775/cjfa.2018.021	https://doi.org/10.12775/cjfa.2018.021	NOUN
cjfa-59255	284	2	.	.	PUNCT
cjfa-59255	285	1	lins	lins	PROPN
cjfa-59255	285	2	,	,	PUNCT
cjfa-59255	285	3	k.v	k.v	PROPN
cjfa-59255	285	4	.	.	PROPN
cjfa-59255	285	5	,	,	PUNCT
cjfa-59255	285	6	volpin	volpin	NOUN
cjfa-59255	285	7	,	,	PUNCT
cjfa-59255	285	8	p.	p.	NOUN
cjfa-59255	285	9	,	,	PUNCT
cjfa-59255	285	10	&	&	CCONJ
cjfa-59255	285	11	wagner	wagner	PROPN
cjfa-59255	285	12	,	,	PUNCT
cjfa-59255	285	13	h.f	h.f	PROPN
cjfa-59255	285	14	.	.	PROPN
cjfa-59255	285	15	(	(	PUNCT
cjfa-59255	285	16	2013	2013	NUM
cjfa-59255	285	17	)	)	PUNCT
cjfa-59255	285	18	.	.	PUNCT
cjfa-59255	286	1	does	do	VERB
cjfa-59255	286	2	family	family	NOUN
cjfa-59255	286	3	control	control	NOUN
cjfa-59255	286	4	matter	matter	NOUN
cjfa-59255	286	5	?	?	PUNCT
cjfa-59255	287	1	international	international	ADJ
cjfa-59255	287	2	evidence	evidence	NOUN
cjfa-59255	287	3	from	from	ADP
cjfa-59255	287	4	the	the	DET
cjfa-59255	287	5	2008–2009	2008–2009	NUM
cjfa-59255	287	6	financial	financial	ADJ
cjfa-59255	287	7	crisis	crisis	NOUN
cjfa-59255	287	8	.	.	PUNCT
cjfa-59255	288	1	review	review	NOUN
cjfa-59255	288	2	of	of	ADP
cjfa-59255	288	3	financial	financial	ADJ
cjfa-59255	288	4	studies	study	NOUN
cjfa-59255	288	5	,	,	PUNCT
cjfa-59255	288	6	26(10	26(10	NUM
cjfa-59255	288	7	)	)	PUNCT
cjfa-59255	288	8	,	,	PUNCT
cjfa-59255	288	9	2538–2619	2538–2619	NUM
cjfa-59255	288	10	.	.	PUNCT
cjfa-59255	289	1	https://doi.org/10.1093/rfs/hht044	https://doi.org/10.1093/rfs/hht044	PROPN
cjfa-59255	289	2	.	.	PUNCT
cjfa-59255	290	1	makni	makni	PROPN
cjfa-59255	290	2	,	,	PUNCT
cjfa-59255	290	3	r.	r.	PROPN
cjfa-59255	290	4	,	,	PUNCT
cjfa-59255	290	5	francoeur	francoeur	PROPN
cjfa-59255	290	6	,	,	PUNCT
cjfa-59255	290	7	c.	c.	PROPN
cjfa-59255	290	8	,	,	PUNCT
cjfa-59255	290	9	&	&	CCONJ
cjfa-59255	290	10	bellavance	bellavance	PROPN
cjfa-59255	290	11	,	,	PUNCT
cjfa-59255	290	12	f.	f.	PROPN
cjfa-59255	290	13	(	(	PUNCT
cjfa-59255	290	14	2009	2009	NUM
cjfa-59255	290	15	)	)	PUNCT
cjfa-59255	290	16	.	.	PUNCT
cjfa-59255	291	1	causality	causality	NOUN
cjfa-59255	291	2	between	between	ADP
cjfa-59255	291	3	corporate	corporate	ADJ
cjfa-59255	291	4	social	social	ADJ
cjfa-59255	291	5	performance	performance	NOUN
cjfa-59255	291	6	and	and	CCONJ
cjfa-59255	291	7	financial	financial	ADJ
cjfa-59255	291	8	performance	performance	NOUN
cjfa-59255	291	9	:	:	PUNCT
cjfa-59255	291	10	evidence	evidence	NOUN
cjfa-59255	291	11	from	from	ADP
cjfa-59255	291	12	canadian	canadian	ADJ
cjfa-59255	291	13	firms	firm	NOUN
cjfa-59255	291	14	.	.	PUNCT
cjfa-59255	292	1	journal	journal	PROPN
cjfa-59255	292	2	of	of	ADP
cjfa-59255	292	3	business	business	NOUN
cjfa-59255	292	4	ethics	ethic	NOUN
cjfa-59255	292	5	,	,	PUNCT
cjfa-59255	292	6	89(3	89(3	NUM
cjfa-59255	292	7	)	)	PUNCT
cjfa-59255	292	8	,	,	PUNCT
cjfa-59255	292	9	409	409	NUM
cjfa-59255	292	10	.	.	PUNCT
cjfa-59255	293	1	https://doi.org/10.1007/s10551-008-0007-7	https://doi.org/10.1007/s10551-008-0007-7	NUM
cjfa-59255	293	2	.	.	PUNCT
cjfa-59255	294	1	manos	manos	PROPN
cjfa-59255	294	2	,	,	PUNCT
cjfa-59255	294	3	r.	r.	PROPN
cjfa-59255	294	4	,	,	PUNCT
cjfa-59255	294	5	murinde	murinde	NOUN
cjfa-59255	294	6	,	,	PUNCT
cjfa-59255	294	7	v.	v.	PROPN
cjfa-59255	294	8	,	,	PUNCT
cjfa-59255	294	9	&	&	CCONJ
cjfa-59255	294	10	green	green	PROPN
cjfa-59255	294	11	,	,	PUNCT
cjfa-59255	294	12	c.j	c.j	PROPN
cjfa-59255	294	13	.	.	PROPN
cjfa-59255	294	14	(	(	PUNCT
cjfa-59255	294	15	2012	2012	NUM
cjfa-59255	294	16	)	)	PUNCT
cjfa-59255	294	17	.	.	PUNCT
cjfa-59255	295	1	dividend	dividend	NOUN
cjfa-59255	295	2	policy	policy	NOUN
cjfa-59255	295	3	and	and	CCONJ
cjfa-59255	295	4	business	business	NOUN
cjfa-59255	295	5	groups	group	NOUN
cjfa-59255	295	6	:	:	PUNCT
cjfa-59255	295	7	evidence	evidence	NOUN
cjfa-59255	295	8	from	from	ADP
cjfa-59255	295	9	indian	indian	ADJ
cjfa-59255	295	10	firms	firm	NOUN
cjfa-59255	295	11	.	.	PUNCT
cjfa-59255	296	1	international	international	ADJ
cjfa-59255	296	2	review	review	NOUN
cjfa-59255	296	3	of	of	ADP
cjfa-59255	296	4	economics	economics	PROPN
cjfa-59255	296	5	&	&	CCONJ
cjfa-59255	296	6	finance	finance	NOUN
cjfa-59255	296	7	,	,	PUNCT
cjfa-59255	296	8	21(1	21(1	NUM
cjfa-59255	296	9	)	)	PUNCT
cjfa-59255	296	10	,	,	PUNCT
cjfa-59255	296	11	42–56	42–56	NUM
cjfa-59255	296	12	.	.	PUNCT
cjfa-59255	297	1	https://doi.org/10.1016/j.iref.2011.05.002	https://doi.org/10.1016/j.iref.2011.05.002	PROPN
cjfa-59255	297	2	.	.	PUNCT
cjfa-59255	298	1	manos	manos	PROPN
cjfa-59255	298	2	,	,	PUNCT
cjfa-59255	298	3	r.	r.	PROPN
cjfa-59255	298	4	,	,	PUNCT
cjfa-59255	298	5	murinde	murinde	NOUN
cjfa-59255	298	6	,	,	PUNCT
cjfa-59255	298	7	v.	v.	PROPN
cjfa-59255	298	8	,	,	PUNCT
cjfa-59255	298	9	&	&	CCONJ
cjfa-59255	298	10	green	green	PROPN
cjfa-59255	298	11	,	,	PUNCT
cjfa-59255	298	12	c.j	c.j	PROPN
cjfa-59255	298	13	.	.	PROPN
cjfa-59255	298	14	(	(	PUNCT
cjfa-59255	298	15	2007	2007	NUM
cjfa-59255	298	16	)	)	PUNCT
cjfa-59255	298	17	.	.	PUNCT
cjfa-59255	299	1	leverage	leverage	NOUN
cjfa-59255	299	2	and	and	CCONJ
cjfa-59255	299	3	business	business	NOUN
cjfa-59255	299	4	groups	group	NOUN
cjfa-59255	299	5	:	:	PUNCT
cjfa-59255	299	6	evidence	evidence	NOUN
cjfa-59255	299	7	from	from	ADP
cjfa-59255	299	8	indian	indian	ADJ
cjfa-59255	299	9	firms	firm	NOUN
cjfa-59255	299	10	.	.	PUNCT
cjfa-59255	300	1	journal	journal	PROPN
cjfa-59255	300	2	of	of	ADP
cjfa-59255	300	3	economics	economic	NOUN
cjfa-59255	300	4	and	and	CCONJ
cjfa-59255	300	5	business	business	NOUN
cjfa-59255	300	6	,	,	PUNCT
cjfa-59255	300	7	59(5	59(5	NUM
cjfa-59255	300	8	)	)	PUNCT
cjfa-59255	300	9	,	,	PUNCT
cjfa-59255	300	10	443–465	443–465	NUM
cjfa-59255	300	11	.	.	PUNCT
cjfa-59255	301	1	https://doi	https://doi	X
cjfa-59255	301	2	.	.	PUNCT
cjfa-59255	301	3	org/10.1016	org/10.1016	PROPN
cjfa-59255	301	4	/	/	SYM
cjfa-59255	301	5	j.jeconbus.2007.04.006	j.jeconbus.2007.04.006	PROPN
cjfa-59255	301	6	.	.	PUNCT
cjfa-59255	302	1	marshall	marshall	PROPN
cjfa-59255	302	2	,	,	PUNCT
cjfa-59255	302	3	a.	a.	PROPN
cjfa-59255	302	4	,	,	PUNCT
cjfa-59255	302	5	rao	rao	PROPN
cjfa-59255	302	6	,	,	PUNCT
cjfa-59255	302	7	s.	s.	PROPN
cjfa-59255	302	8	,	,	PUNCT
cjfa-59255	302	9	roy	roy	PROPN
cjfa-59255	302	10	,	,	PUNCT
cjfa-59255	302	11	p.p	p.p	PROPN
cjfa-59255	302	12	.	.	PROPN
cjfa-59255	302	13	,	,	PUNCT
cjfa-59255	302	14	&	&	CCONJ
cjfa-59255	302	15	thapa	thapa	PROPN
cjfa-59255	302	16	,	,	PUNCT
cjfa-59255	302	17	c.	c.	PROPN
cjfa-59255	302	18	(	(	PUNCT
cjfa-59255	302	19	2022	2022	NUM
cjfa-59255	302	20	)	)	PUNCT
cjfa-59255	302	21	.	.	PUNCT
cjfa-59255	303	1	mandatory	mandatory	ADJ
cjfa-59255	303	2	corporate	corporate	ADJ
cjfa-59255	303	3	social	social	ADJ
cjfa-59255	303	4	responsibility	responsibility	NOUN
cjfa-59255	303	5	and	and	CCONJ
cjfa-59255	303	6	foreign	foreign	ADJ
cjfa-59255	303	7	institutional	institutional	ADJ
cjfa-59255	303	8	investor	investor	NOUN
cjfa-59255	303	9	preferences	preference	NOUN
cjfa-59255	303	10	.	.	PUNCT
cjfa-59255	304	1	journal	journal	NOUN
cjfa-59255	304	2	of	of	ADP
cjfa-59255	304	3	corporate	corporate	ADJ
cjfa-59255	304	4	finance	finance	NOUN
cjfa-59255	304	5	,	,	PUNCT
cjfa-59255	304	6	76	76	NUM
cjfa-59255	304	7	,	,	PUNCT
cjfa-59255	304	8	102261	102261	NUM
cjfa-59255	304	9	.	.	PUNCT
cjfa-59255	305	1	https://doi.org/10.1016/j.jcorpfin.2022.102261	https://doi.org/10.1016/j.jcorpfin.2022.102261	PROPN
cjfa-59255	305	2	.	.	PUNCT
cjfa-59255	306	1	mukherjee	mukherjee	PROPN
cjfa-59255	306	2	,	,	PUNCT
cjfa-59255	306	3	d.	d.	PROPN
cjfa-59255	306	4	,	,	PUNCT
cjfa-59255	306	5	makarius	makarius	NOUN
cjfa-59255	306	6	,	,	PUNCT
cjfa-59255	306	7	e.e	e.e	PROPN
cjfa-59255	306	8	.	.	PROPN
cjfa-59255	306	9	,	,	PUNCT
cjfa-59255	306	10	&	&	CCONJ
cjfa-59255	306	11	stevens	stevens	PROPN
cjfa-59255	306	12	,	,	PUNCT
cjfa-59255	306	13	c.e	c.e	PROPN
cjfa-59255	306	14	.	.	PROPN
cjfa-59255	306	15	(	(	PUNCT
cjfa-59255	306	16	2018	2018	NUM
cjfa-59255	306	17	)	)	PUNCT
cjfa-59255	306	18	.	.	PUNCT
cjfa-59255	307	1	business	business	NOUN
cjfa-59255	307	2	group	group	NOUN
cjfa-59255	307	3	reputation	reputation	NOUN
cjfa-59255	307	4	and	and	CCONJ
cjfa-59255	307	5	affiliates	affiliate	NOUN
cjfa-59255	307	6	’	'	PUNCT
cjfa-59255	307	7	internationalization	internationalization	NOUN
cjfa-59255	307	8	strategies	strategy	NOUN
cjfa-59255	307	9	.	.	PUNCT
cjfa-59255	308	1	journal	journal	PROPN
cjfa-59255	308	2	of	of	ADP
cjfa-59255	308	3	world	world	PROPN
cjfa-59255	308	4	business	business	NOUN
cjfa-59255	308	5	,	,	PUNCT
cjfa-59255	308	6	53(2	53(2	NUM
cjfa-59255	308	7	)	)	PUNCT
cjfa-59255	308	8	,	,	PUNCT
cjfa-59255	308	9	93–103	93–103	PROPN
cjfa-59255	308	10	.	.	PUNCT
cjfa-59255	309	1	https://doi.org/10.1016/j.jwb.2017.12.003	https://doi.org/10.1016/j.jwb.2017.12.003	PROPN
cjfa-59255	309	2	.	.	PUNCT
cjfa-59255	309	3	potharla	potharla	PROPN
cjfa-59255	309	4	,	,	PUNCT
cjfa-59255	309	5	s.	s.	PROPN
cjfa-59255	309	6	(	(	PUNCT
cjfa-59255	309	7	2024	2024	NUM
cjfa-59255	309	8	)	)	PUNCT
cjfa-59255	309	9	.	.	PUNCT
cjfa-59255	310	1	does	do	AUX
cjfa-59255	310	2	blockholders	blockholder	NOUN
cjfa-59255	310	3	’	’	PART
cjfa-59255	310	4	concentration	concentration	NOUN
cjfa-59255	310	5	influence	influence	NOUN
cjfa-59255	310	6	spending	spending	NOUN
cjfa-59255	310	7	on	on	ADP
cjfa-59255	310	8	corporate	corporate	ADJ
cjfa-59255	310	9	social	social	ADJ
cjfa-59255	310	10	responsibility?–evidence	responsibility?–evidence	NOUN
cjfa-59255	310	11	from	from	ADP
cjfa-59255	310	12	the	the	DET
cjfa-59255	310	13	indian	indian	ADJ
cjfa-59255	310	14	firms	firm	NOUN
cjfa-59255	310	15	.	.	PUNCT
cjfa-59255	311	1	copernican	copernican	PROPN
cjfa-59255	311	2	journal	journal	PROPN
cjfa-59255	311	3	of	of	ADP
cjfa-59255	311	4	finance	finance	PROPN
cjfa-59255	311	5	&	&	CCONJ
cjfa-59255	311	6	accounting	accounting	PROPN
cjfa-59255	311	7	,	,	PUNCT
cjfa-59255	311	8	13(2	13(2	PROPN
cjfa-59255	311	9	)	)	PUNCT
cjfa-59255	311	10	,	,	PUNCT
cjfa-59255	311	11	89–108	89–108	NUM
cjfa-59255	311	12	.	.	PUNCT
cjfa-59255	312	1	https://doi.org/10.12775/cjfa.2024.009	https://doi.org/10.12775/cjfa.2024.009	PROPN
cjfa-59255	312	2	.	.	PUNCT
cjfa-59255	313	1	rahman	rahman	PROPN
cjfa-59255	313	2	,	,	PUNCT
cjfa-59255	313	3	m.l	m.l	PROPN
cjfa-59255	313	4	.	.	PROPN
cjfa-59255	313	5	(	(	PUNCT
cjfa-59255	313	6	2021	2021	NUM
cjfa-59255	313	7	)	)	PUNCT
cjfa-59255	313	8	.	.	PUNCT
cjfa-59255	314	1	institutional	institutional	ADJ
cjfa-59255	314	2	ownership	ownership	NOUN
cjfa-59255	314	3	and	and	CCONJ
cjfa-59255	314	4	violations	violation	NOUN
cjfa-59255	314	5	of	of	ADP
cjfa-59255	314	6	mandatory	mandatory	ADJ
cjfa-59255	314	7	csr	csr	NOUN
cjfa-59255	314	8	regulation	regulation	NOUN
cjfa-59255	314	9	.	.	PUNCT
cjfa-59255	315	1	economics	economic	NOUN
cjfa-59255	315	2	letters	letter	NOUN
cjfa-59255	315	3	,	,	PUNCT
cjfa-59255	315	4	206	206	NUM
cjfa-59255	315	5	,	,	PUNCT
cjfa-59255	315	6	109967	109967	NUM
cjfa-59255	315	7	.	.	PUNCT
cjfa-59255	316	1	https://doi.org/10.1016/j.econlet.2021.109967	https://doi.org/10.1016/j.econlet.2021.109967	PROPN
cjfa-59255	316	2	.	.	PUNCT
cjfa-59255	317	1	https://doi.org/10.1111/j.1430-9134.1999.00271.x	https://doi.org/10.1111/j.1430-9134.1999.00271.x	PROPN
cjfa-59255	317	2	https://doi.org/10.1111/j.1430-9134.1999.00271.x	https://doi.org/10.1111/j.1430-9134.1999.00271.x	PROPN
cjfa-59255	317	3	do	do	VERB
cjfa-59255	317	4	foreign	foreign	ADJ
cjfa-59255	317	5	institutional	institutional	ADJ
cjfa-59255	317	6	investors	investor	NOUN
cjfa-59255	317	7	impact	impact	VERB
cjfa-59255	317	8	compliance	compliance	NOUN
cjfa-59255	317	9	…	…	PUNCT
cjfa-59255	317	10	127127	127127	NUM
cjfa-59255	317	11	singh	singh	PROPN
cjfa-59255	317	12	,	,	PUNCT
cjfa-59255	317	13	g.	g.	PROPN
cjfa-59255	317	14	,	,	PUNCT
cjfa-59255	317	15	&	&	CCONJ
cjfa-59255	317	16	pathak	pathak	PROPN
cjfa-59255	317	17	,	,	PUNCT
cjfa-59255	317	18	r.	r.	PROPN
cjfa-59255	317	19	(	(	PUNCT
cjfa-59255	317	20	2024	2024	NUM
cjfa-59255	317	21	)	)	PUNCT
cjfa-59255	317	22	.	.	PUNCT
cjfa-59255	318	1	does	do	AUX
cjfa-59255	318	2	institutional	institutional	ADJ
cjfa-59255	318	3	investors	investor	NOUN
cjfa-59255	318	4	’	’	PART
cjfa-59255	318	5	heterogeneity	heterogeneity	NOUN
cjfa-59255	318	6	impact	impact	VERB
cjfa-59255	318	7	the	the	DET
cjfa-59255	318	8	dividend	dividend	NOUN
cjfa-59255	318	9	policy	policy	NOUN
cjfa-59255	318	10	?	?	PUNCT
cjfa-59255	319	1	evidence	evidence	NOUN
cjfa-59255	319	2	from	from	ADP
cjfa-59255	319	3	india	india	PROPN
cjfa-59255	319	4	.	.	PUNCT
cjfa-59255	320	1	international	international	ADJ
cjfa-59255	320	2	journal	journal	PROPN
cjfa-59255	320	3	of	of	ADP
cjfa-59255	320	4	corporate	corporate	ADJ
cjfa-59255	320	5	governance	governance	NOUN
cjfa-59255	320	6	,	,	PUNCT
cjfa-59255	320	7	14(2	14(2	NUM
cjfa-59255	320	8	)	)	PUNCT
cjfa-59255	320	9	,	,	PUNCT
cjfa-59255	320	10	95–117	95–117	NUM
cjfa-59255	320	11	.	.	PUNCT
cjfa-59255	321	1	https://doi.org/10.1504/ijcg.2024.138075	https://doi.org/10.1504/ijcg.2024.138075	PROPN
cjfa-59255	321	2	.	.	PUNCT
cjfa-59255	322	1	tsang	tsang	PROPN
cjfa-59255	322	2	,	,	PUNCT
cjfa-59255	322	3	a.	a.	PROPN
cjfa-59255	322	4	,	,	PUNCT
cjfa-59255	322	5	xie	xie	PROPN
cjfa-59255	322	6	,	,	PUNCT
cjfa-59255	322	7	f.	f.	PROPN
cjfa-59255	322	8	,	,	PUNCT
cjfa-59255	322	9	&	&	CCONJ
cjfa-59255	322	10	xin	xin	PROPN
cjfa-59255	322	11	,	,	PUNCT
cjfa-59255	322	12	x.	x.	NOUN
cjfa-59255	322	13	(	(	PUNCT
cjfa-59255	322	14	2019	2019	NUM
cjfa-59255	322	15	)	)	PUNCT
cjfa-59255	322	16	.	.	PUNCT
cjfa-59255	323	1	foreign	foreign	ADJ
cjfa-59255	323	2	institutional	institutional	ADJ
cjfa-59255	323	3	investors	investor	NOUN
cjfa-59255	323	4	and	and	CCONJ
cjfa-59255	323	5	corporate	corporate	ADJ
cjfa-59255	323	6	voluntary	voluntary	ADJ
cjfa-59255	323	7	disclosure	disclosure	NOUN
cjfa-59255	323	8	around	around	ADP
cjfa-59255	323	9	the	the	DET
cjfa-59255	323	10	world	world	NOUN
cjfa-59255	323	11	.	.	PUNCT
cjfa-59255	324	1	the	the	DET
cjfa-59255	324	2	accounting	accounting	NOUN
cjfa-59255	324	3	review	review	NOUN
cjfa-59255	324	4	,	,	PUNCT
cjfa-59255	324	5	94(5	94(5	NOUN
cjfa-59255	324	6	)	)	PUNCT
cjfa-59255	324	7	,	,	PUNCT
cjfa-59255	324	8	319–348	319–348	NUM
cjfa-59255	324	9	.	.	PUNCT
cjfa-59255	325	1	https://	https://	PROPN
cjfa-59255	325	2	doi.org/10.2308/accr-52353	doi.org/10.2308/accr-52353	PROPN
cjfa-59255	325	3	.	.	PUNCT
cjfa-59255	326	1	vinod	vinod	PROPN
cjfa-59255	326	2	,	,	PUNCT
cjfa-59255	326	3	m.s	m.s	PROPN
cjfa-59255	326	4	.	.	PROPN
cjfa-59255	326	5	,	,	PUNCT
cjfa-59255	326	6	umesh	umesh	PROPN
cjfa-59255	326	7	,	,	PUNCT
cjfa-59255	326	8	p.	p.	PROPN
cjfa-59255	326	9	,	,	PUNCT
cjfa-59255	326	10	&	&	CCONJ
cjfa-59255	326	11	sivakumar	sivakumar	PROPN
cjfa-59255	326	12	,	,	PUNCT
cjfa-59255	326	13	n.	n.	PROPN
cjfa-59255	326	14	(	(	PUNCT
cjfa-59255	326	15	2023	2023	NUM
cjfa-59255	326	16	)	)	PUNCT
cjfa-59255	326	17	.	.	PUNCT
cjfa-59255	327	1	impact	impact	NOUN
cjfa-59255	327	2	of	of	ADP
cjfa-59255	327	3	covid-19	covid-19	PROPN
cjfa-59255	327	4	on	on	ADP
cjfa-59255	327	5	corporate	corporate	ADJ
cjfa-59255	327	6	social	social	ADJ
cjfa-59255	327	7	responsibility	responsibility	NOUN
cjfa-59255	327	8	in	in	ADP
cjfa-59255	327	9	india	india	PROPN
cjfa-59255	327	10	–	–	PUNCT
cjfa-59255	327	11	a	a	DET
cjfa-59255	327	12	mixed	mixed	ADJ
cjfa-59255	327	13	methods	method	NOUN
cjfa-59255	327	14	approach	approach	NOUN
cjfa-59255	327	15	.	.	PUNCT
cjfa-59255	328	1	international	international	ADJ
cjfa-59255	328	2	journal	journal	NOUN
cjfa-59255	328	3	of	of	ADP
cjfa-59255	328	4	organizational	organizational	ADJ
cjfa-59255	328	5	analysis	analysis	NOUN
cjfa-59255	328	6	,	,	PUNCT
cjfa-59255	328	7	31(1	31(1	NUM
cjfa-59255	328	8	)	)	PUNCT
cjfa-59255	328	9	,	,	PUNCT
cjfa-59255	328	10	168–195	168–195	NUM
cjfa-59255	328	11	.	.	PUNCT
cjfa-59255	328	12	https://doi.org/10.1108/ijoa-03-2022-3206	https://doi.org/10.1108/ijoa-03-2022-3206	NOUN
cjfa-59255	328	13	.	.	PUNCT
cjfa-59255	329	1	(	(	PUNCT
cjfa-59255	329	2	www1	www1	PROPN
cjfa-59255	329	3	)	)	PUNCT
cjfa-59255	329	4	https://www.mca.gov.in/ministry/pdf/faq_csr.pdf	https://www.mca.gov.in/ministry/pdf/faq_csr.pdf	NOUN
cjfa-59255	329	5	(	(	PUNCT
cjfa-59255	329	6	accessed	access	VERB
cjfa-59255	329	7	:	:	PUNCT
cjfa-59255	329	8	13.09.2022	13.09.2022	NUM
cjfa-59255	329	9	)	)	PUNCT
cjfa-59255	329	10	.	.	PUNCT
cjfa-59255	330	1	(	(	PUNCT
cjfa-59255	330	2	www2	www2	PROPN
cjfa-59255	330	3	)	)	PUNCT
cjfa-59255	330	4	inside	inside	ADP
cjfa-59255	330	5	the	the	DET
cjfa-59255	330	6	reshaping	reshaping	NOUN
cjfa-59255	330	7	of	of	ADP
cjfa-59255	330	8	csr	csr	PROPN
cjfa-59255	330	9	in	in	ADP
cjfa-59255	330	10	india	india	PROPN
cjfa-59255	330	11	during	during	ADP
cjfa-59255	330	12	covid-19	covid-19	PROPN
cjfa-59255	330	13	.	.	PUNCT
cjfa-59255	331	1	https://www.sattva	https://www.sattva	PROPN
cjfa-59255	331	2	.	.	PUNCT
cjfa-59255	332	1	co.in/news-media/inside-the-reshaping-of-csr-in-india-during-covid-19/	co.in/news-media/inside-the-reshaping-of-csr-in-india-during-covid-19/	ADJ
cjfa-59255	332	2	?	?	PUNCT
cjfa-59255	333	1	(	(	PUNCT
cjfa-59255	333	2	accessed	access	VERB
cjfa-59255	333	3	:	:	PUNCT
cjfa-59255	333	4	13.09.2022	13.09.2022	NUM
cjfa-59255	333	5	)	)	PUNCT
cjfa-59255	333	6	.	.	PUNCT
cjfa-59255	334	1	(	(	PUNCT
cjfa-59255	334	2	www3	www3	PROPN
cjfa-59255	334	3	)	)	PUNCT
cjfa-59255	334	4	foreign	foreign	ADJ
cjfa-59255	334	5	funds	fund	NOUN
cjfa-59255	334	6	withdraw	withdraw	VERB
cjfa-59255	334	7	from	from	ADP
cjfa-59255	334	8	indian	indian	ADJ
cjfa-59255	334	9	markets	market	NOUN
cjfa-59255	334	10	at	at	ADP
cjfa-59255	334	11	fastest	fast	ADJ
cjfa-59255	334	12	pace	pace	NOUN
cjfa-59255	334	13	since	since	SCONJ
cjfa-59255	334	14	2022	2022	NUM
cjfa-59255	334	15	,	,	PUNCT
cjfa-59255	334	16	trigger	trigger	NOUN
cjfa-59255	334	17	investor	investor	NOUN
cjfa-59255	334	18	concerns	concern	NOUN
cjfa-59255	334	19	”	"	PUNCT
cjfa-59255	334	20	.	.	PUNCT
cjfa-59255	335	1	https://bfsi.economictimes.indiatimes.com/news/industry/	https://bfsi.economictimes.indiatimes.com/news/industry/	X
cjfa-59255	335	2	foreign	foreign	ADJ
cjfa-59255	335	3	-	-	PUNCT
cjfa-59255	335	4	funds	fund	NOUN
cjfa-59255	335	5	-	-	PUNCT
cjfa-59255	335	6	withdraw	withdraw	NOUN
cjfa-59255	335	7	-	-	PUNCT
cjfa-59255	335	8	from	from	ADP
cjfa-59255	335	9	-	-	PUNCT
cjfa-59255	335	10	indian	indian	ADJ
cjfa-59255	335	11	-	-	PUNCT
cjfa-59255	335	12	markets	market	NOUN
cjfa-59255	335	13	-	-	PUNCT
cjfa-59255	335	14	at	at	ADP
cjfa-59255	335	15	-	-	PUNCT
cjfa-59255	335	16	fastest	fast	ADJ
cjfa-59255	335	17	-	-	PUNCT
cjfa-59255	335	18	pace	pace	NOUN
cjfa-59255	335	19	-	-	PUNCT
cjfa-59255	335	20	since-2022	since-2022	NOUN
cjfa-59255	335	21	-	-	PUNCT
cjfa-59255	335	22	trigger	trigger	NOUN
cjfa-59255	335	23	-	-	PUNCT
cjfa-59255	335	24	investor	investor	NOUN
cjfa-59255	335	25	-	-	PUNCT
cjfa-59255	335	26	concerns/115096749	concerns/115096749	NOUN
cjfa-59255	335	27	?	?	PUNCT
cjfa-59255	335	28	”	"	PUNCT
cjfa-59255	336	1	(	(	PUNCT
cjfa-59255	336	2	accessed	access	VERB
cjfa-59255	336	3	:	:	PUNCT
cjfa-59255	336	4	09.11.2024	09.11.2024	NUM
cjfa-59255	336	5	)	)	PUNCT
cjfa-59255	336	6	.	.	PUNCT