id	sid	tid	token	lemma	pos
dem-11731	1	1	2017	2017	NUM
dem-11731	1	2	nicolaus	nicolaus	PROPN
dem-11731	1	3	copernicus	copernicus	PROPN
dem-11731	1	4	university	university	PROPN
dem-11731	1	5	.	.	PUNCT
dem-11731	2	1	all	all	DET
dem-11731	2	2	rights	right	NOUN
dem-11731	2	3	reserved	reserve	VERB
dem-11731	2	4	.	.	PUNCT
dem-11731	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-11731	4	1	d	d	PUNCT
dem-11731	4	2	y	y	PROPN
dem-11731	4	3	n	n	PROPN
dem-11731	4	4	a	a	PRON
dem-11731	4	5	m	m	VERB
dem-11731	5	1	i	i	NOUN
dem-11731	5	2	c	c	NOUN
dem-11731	5	3	e	e	NOUN
dem-11731	5	4	c	c	NOUN
dem-11731	5	5	o	o	X
dem-11731	6	1	n	n	INTJ
dem-11731	6	2	o	o	NOUN
dem-11731	6	3	m	m	VERB
dem-11731	7	1	e	e	NOUN
dem-11731	7	2	t	t	NOUN
dem-11731	7	3	r	r	NOUN
dem-11731	7	4	i	i	NOUN
dem-11731	7	5	c	c	NOUN
dem-11731	7	6	m	m	VERB
dem-11731	7	7	o	o	NOUN
dem-11731	7	8	d	d	X
dem-11731	7	9	e	e	X
dem-11731	7	10	l	l	NOUN
dem-11731	7	11	s	s	X
dem-11731	7	12	doi	doi	NOUN
dem-11731	7	13	:	:	PUNCT
dem-11731	7	14	http://dx.doi.org/10.12775/dem.2017.001	http://dx.doi.org/10.12775/dem.2017.001	NOUN
dem-11731	7	15	vol	vol	NOUN
dem-11731	7	16	.	.	PROPN
dem-11731	8	1	17	17	NUM
dem-11731	8	2	(	(	PUNCT
dem-11731	8	3	2017	2017	NUM
dem-11731	8	4	)	)	PUNCT
dem-11731	9	1	5−18	5−18	PROPN
dem-11731	9	2	submitted	submit	VERB
dem-11731	9	3	december	december	PROPN
dem-11731	9	4	28	28	NUM
dem-11731	9	5	,	,	PUNCT
dem-11731	9	6	2016	2016	NUM
dem-11731	9	7	issn	issn	X
dem-11731	9	8	(	(	PUNCT
dem-11731	9	9	online	online	ADJ
dem-11731	9	10	)	)	PUNCT
dem-11731	9	11	2450	2450	NUM
dem-11731	9	12	-	-	SYM
dem-11731	9	13	7067	7067	NUM
dem-11731	9	14	accepted	accept	VERB
dem-11731	9	15	october	october	PROPN
dem-11731	9	16	11	11	NUM
dem-11731	9	17	,	,	PUNCT
dem-11731	9	18	2017	2017	NUM
dem-11731	9	19	issn	issn	X
dem-11731	9	20	(	(	PUNCT
dem-11731	9	21	print	print	NOUN
dem-11731	9	22	)	)	PUNCT
dem-11731	9	23	1234	1234	NUM
dem-11731	9	24	-	-	SYM
dem-11731	9	25	3862	3862	NUM
dem-11731	9	26	tomasz	tomasz	NOUN
dem-11731	9	27	schabek	schabek	PROPN
dem-11731	9	28	*	*	PUNCT
dem-11731	9	29	,	,	PUNCT
dem-11731	9	30	henrique	henrique	PROPN
dem-11731	9	31	castro	castro	PROPN
dem-11731	9	32	“	"	PUNCT
dem-11731	9	33	sell	sell	VERB
dem-11731	9	34	not	not	PART
dem-11731	9	35	only	only	ADV
dem-11731	9	36	in	in	ADP
dem-11731	9	37	may	may	PROPN
dem-11731	9	38	”	"	PUNCT
dem-11731	9	39	seasonal	seasonal	ADJ
dem-11731	9	40	effects	effect	NOUN
dem-11731	9	41	on	on	ADP
dem-11731	9	42	stock	stock	NOUN
dem-11731	9	43	markets	market	NOUN
dem-11731	9	44	a	a	DET
dem-11731	9	45	b	b	NOUN
dem-11731	9	46	s	s	ADP
dem-11731	9	47	t	t	PROPN
dem-11731	9	48	r	r	NOUN
dem-11731	9	49	a	a	DET
dem-11731	9	50	c	c	NOUN
dem-11731	9	51	t.	t.	PROPN
dem-11731	9	52	described	describe	VERB
dem-11731	9	53	in	in	ADP
dem-11731	9	54	literature	literature	PROPN
dem-11731	9	55	stock	stock	NOUN
dem-11731	9	56	market	market	NOUN
dem-11731	9	57	anomaly	anomaly	NOUN
dem-11731	9	58	still	still	ADV
dem-11731	9	59	remains	remain	VERB
dem-11731	9	60	unexplained	unexplained	ADJ
dem-11731	9	61	.	.	PUNCT
dem-11731	10	1	in	in	ADP
dem-11731	10	2	long	long	ADJ
dem-11731	10	3	time	time	NOUN
dem-11731	10	4	series	series	NOUN
dem-11731	10	5	regressions	regression	NOUN
dem-11731	10	6	and	and	CCONJ
dem-11731	10	7	wide	wide	ADJ
dem-11731	10	8	geographical	geographical	ADJ
dem-11731	10	9	spread	spread	NOUN
dem-11731	10	10	research	research	NOUN
dem-11731	10	11	,	,	PUNCT
dem-11731	10	12	“	"	PUNCT
dem-11731	10	13	halloween	halloween	NOUN
dem-11731	10	14	effect	effect	NOUN
dem-11731	10	15	”	"	PUNCT
dem-11731	10	16	is	be	AUX
dem-11731	10	17	significant	significant	ADJ
dem-11731	10	18	on	on	ADP
dem-11731	10	19	19	19	NUM
dem-11731	10	20	amongst	amongst	ADP
dem-11731	10	21	73	73	NUM
dem-11731	10	22	markets	market	NOUN
dem-11731	10	23	,	,	PUNCT
dem-11731	10	24	but	but	CCONJ
dem-11731	10	25	also	also	ADV
dem-11731	10	26	on	on	ADP
dem-11731	10	27	11	11	NUM
dem-11731	10	28	amongst	amongst	ADP
dem-11731	10	29	23	23	NUM
dem-11731	10	30	with	with	ADP
dem-11731	10	31	long	long	ADJ
dem-11731	10	32	time	time	NOUN
dem-11731	10	33	series	series	PROPN
dem-11731	10	34	data	data	PROPN
dem-11731	10	35	.	.	PUNCT
dem-11731	11	1	the	the	DET
dem-11731	11	2	data	data	NOUN
dem-11731	11	3	shows	show	VERB
dem-11731	11	4	that	that	SCONJ
dem-11731	11	5	abnormal	abnormal	ADJ
dem-11731	11	6	returns	return	NOUN
dem-11731	11	7	could	could	AUX
dem-11731	11	8	be	be	AUX
dem-11731	11	9	realized	realize	VERB
dem-11731	11	10	also	also	ADV
dem-11731	11	11	in	in	ADP
dem-11731	11	12	strategies	strategy	NOUN
dem-11731	11	13	starting	start	VERB
dem-11731	11	14	in	in	ADP
dem-11731	11	15	october	october	PROPN
dem-11731	11	16	,	,	PUNCT
dem-11731	11	17	november	november	PROPN
dem-11731	11	18	and	and	CCONJ
dem-11731	11	19	december	december	PROPN
dem-11731	11	20	.	.	PUNCT
dem-11731	12	1	we	we	PRON
dem-11731	12	2	conclude	conclude	VERB
dem-11731	12	3	that	that	SCONJ
dem-11731	12	4	even	even	ADV
dem-11731	12	5	with	with	ADP
dem-11731	12	6	control	control	NOUN
dem-11731	12	7	of	of	ADP
dem-11731	12	8	weather	weather	NOUN
dem-11731	12	9	(	(	PUNCT
dem-11731	12	10	sun	sun	NOUN
dem-11731	12	11	hours	hour	NOUN
dem-11731	12	12	)	)	PUNCT
dem-11731	12	13	,	,	PUNCT
dem-11731	12	14	behavioral	behavioral	ADJ
dem-11731	12	15	(	(	PUNCT
dem-11731	12	16	sentiment	sentiment	NOUN
dem-11731	12	17	index	index	NOUN
dem-11731	12	18	,	,	PUNCT
dem-11731	12	19	number	number	NOUN
dem-11731	12	20	of	of	ADP
dem-11731	12	21	ipos	ipos	NOUN
dem-11731	12	22	)	)	PUNCT
dem-11731	12	23	and	and	CCONJ
dem-11731	12	24	macroeconomic	macroeconomic	ADJ
dem-11731	12	25	(	(	PUNCT
dem-11731	12	26	industrial	industrial	ADJ
dem-11731	12	27	production	production	NOUN
dem-11731	12	28	)	)	PUNCT
dem-11731	12	29	factors	factor	NOUN
dem-11731	12	30	,	,	PUNCT
dem-11731	12	31	the	the	DET
dem-11731	12	32	effect	effect	NOUN
dem-11731	12	33	persists	persist	VERB
dem-11731	12	34	.	.	PUNCT
dem-11731	13	1	k	k	PROPN
dem-11731	13	2	e	e	PROPN
dem-11731	13	3	y	y	PROPN
dem-11731	13	4	w	w	NOUN
dem-11731	13	5	o	o	NOUN
dem-11731	13	6	r	r	NOUN
dem-11731	13	7	d	d	PROPN
dem-11731	13	8	s	s	X
dem-11731	13	9	:	:	PUNCT
dem-11731	13	10	seasonal	seasonal	ADJ
dem-11731	13	11	anomaly	anomaly	NOUN
dem-11731	13	12	;	;	PUNCT
dem-11731	13	13	behavioral	behavioral	ADJ
dem-11731	13	14	factor	factor	NOUN
dem-11731	13	15	;	;	PUNCT
dem-11731	13	16	halloween	halloween	NOUN
dem-11731	13	17	indicator	indicator	NOUN
dem-11731	13	18	;	;	PUNCT
dem-11731	13	19	january	january	PROPN
dem-11731	13	20	effect	effect	NOUN
dem-11731	13	21	;	;	PUNCT
dem-11731	13	22	sell	sell	VERB
dem-11731	13	23	in	in	ADP
dem-11731	13	24	may	may	PROPN
dem-11731	13	25	.	.	PUNCT
dem-11731	14	1	j	j	PROPN
dem-11731	14	2	e	e	PROPN
dem-11731	14	3	l	l	PROPN
dem-11731	14	4	classification	classification	NOUN
dem-11731	14	5	:	:	PUNCT
dem-11731	14	6	g15	g15	PROPN
dem-11731	14	7	;	;	PUNCT
dem-11731	14	8	q47	q47	PROPN
dem-11731	14	9	;	;	PUNCT
dem-11731	14	10	g10	g10	PROPN
dem-11731	14	11	;	;	PUNCT
dem-11731	14	12	g14	g14	PROPN
dem-11731	14	13	.	.	PUNCT
dem-11731	15	1	introduction	introduction	NOUN
dem-11731	15	2	seasonal	seasonal	ADJ
dem-11731	15	3	anomalies	anomaly	NOUN
dem-11731	15	4	are	be	AUX
dem-11731	15	5	widely	widely	ADV
dem-11731	15	6	discussed	discuss	VERB
dem-11731	15	7	in	in	ADP
dem-11731	15	8	financial	financial	ADJ
dem-11731	15	9	literature	literature	NOUN
dem-11731	15	10	because	because	SCONJ
dem-11731	15	11	of	of	ADP
dem-11731	15	12	their	their	PRON
dem-11731	15	13	unknown	unknown	ADJ
dem-11731	15	14	nature	nature	NOUN
dem-11731	15	15	and	and	CCONJ
dem-11731	15	16	relative	relative	ADJ
dem-11731	15	17	simplicity	simplicity	NOUN
dem-11731	15	18	in	in	ADP
dem-11731	15	19	application	application	NOUN
dem-11731	15	20	as	as	ADP
dem-11731	15	21	market	market	NOUN
dem-11731	15	22	strategies	strategy	NOUN
dem-11731	15	23	.	.	PUNCT
dem-11731	16	1	“	"	PUNCT
dem-11731	16	2	halloween	halloween	NOUN
dem-11731	16	3	effect	effect	NOUN
dem-11731	16	4	”	"	PUNCT
dem-11731	16	5	as	as	SCONJ
dem-11731	16	6	one	one	NUM
dem-11731	16	7	of	of	ADP
dem-11731	16	8	them	they	PRON
dem-11731	16	9	is	be	AUX
dem-11731	16	10	subject	subject	ADJ
dem-11731	16	11	of	of	ADP
dem-11731	16	12	many	many	ADJ
dem-11731	16	13	articles	article	NOUN
dem-11731	16	14	.	.	PUNCT
dem-11731	17	1	it	it	PRON
dem-11731	17	2	was	be	AUX
dem-11731	17	3	analyzed	analyze	VERB
dem-11731	17	4	and	and	CCONJ
dem-11731	17	5	tested	test	VERB
dem-11731	17	6	on	on	ADP
dem-11731	17	7	broad	broad	ADJ
dem-11731	17	8	range	range	NOUN
dem-11731	17	9	of	of	ADP
dem-11731	17	10	markets	market	NOUN
dem-11731	17	11	in	in	ADP
dem-11731	17	12	bauman	bauman	NOUN
dem-11731	17	13	and	and	CCONJ
dem-11731	17	14	jacobsen	jacobsen	PROPN
dem-11731	17	15	(	(	PUNCT
dem-11731	17	16	2002	2002	NUM
dem-11731	17	17	)	)	PUNCT
dem-11731	17	18	.	.	PUNCT
dem-11731	18	1	briefly	briefly	NOUN
dem-11731	18	2	speaking	speak	VERB
dem-11731	18	3	we	we	PRON
dem-11731	18	4	can	can	AUX
dem-11731	18	5	describe	describe	VERB
dem-11731	18	6	it	it	PRON
dem-11731	18	7	as	as	ADP
dem-11731	18	8	anomaly	anomaly	NOUN
dem-11731	18	9	that	that	PRON
dem-11731	18	10	is	be	AUX
dem-11731	18	11	derived	derive	VERB
dem-11731	18	12	from	from	ADP
dem-11731	18	13	old	old	ADJ
dem-11731	18	14	market	market	NOUN
dem-11731	18	15	saying	say	VERB
dem-11731	18	16	:	:	PUNCT
dem-11731	18	17	“	"	PUNCT
dem-11731	18	18	sell	sell	VERB
dem-11731	18	19	in	in	ADP
dem-11731	18	20	may	may	PROPN
dem-11731	18	21	and	and	CCONJ
dem-11731	18	22	go	go	VERB
dem-11731	18	23	away	away	ADV
dem-11731	18	24	”	"	PUNCT
dem-11731	18	25	.	.	PUNCT
dem-11731	19	1	halloween	halloween	PROPN
dem-11731	19	2	indicator	indicator	NOUN
dem-11731	19	3	is	be	AUX
dem-11731	19	4	another	another	DET
dem-11731	19	5	name	name	NOUN
dem-11731	19	6	to	to	ADP
dem-11731	19	7	similar	similar	ADJ
dem-11731	19	8	strategy	strategy	NOUN
dem-11731	19	9	that	that	PRON
dem-11731	19	10	is	be	AUX
dem-11731	19	11	to	to	PART
dem-11731	19	12	have	have	VERB
dem-11731	19	13	long	long	ADJ
dem-11731	19	14	position	position	NOUN
dem-11731	19	15	on	on	ADP
dem-11731	19	16	the	the	DET
dem-11731	19	17	market	market	NOUN
dem-11731	19	18	*	*	PUNCT
dem-11731	19	19	correspondence	correspondence	NOUN
dem-11731	19	20	to	to	ADP
dem-11731	19	21	:	:	PUNCT
dem-11731	19	22	tomasz	tomasz	PROPN
dem-11731	19	23	schabek	schabek	NOUN
dem-11731	19	24	,	,	PUNCT
dem-11731	19	25	university	university	PROPN
dem-11731	19	26	of	of	ADP
dem-11731	19	27	lodz	lodz	PROPN
dem-11731	19	28	,	,	PUNCT
dem-11731	19	29	faculty	faculty	NOUN
dem-11731	19	30	of	of	ADP
dem-11731	19	31	economic	economic	ADJ
dem-11731	19	32	and	and	CCONJ
dem-11731	19	33	sociology	sociology	NOUN
dem-11731	19	34	,	,	PUNCT
dem-11731	19	35	3/5	3/5	NUM
dem-11731	19	36	polskiej	polskiej	PROPN
dem-11731	19	37	organizacji	organizacji	PROPN
dem-11731	19	38	wojskowej	wojskowej	PROPN
dem-11731	19	39	street	street	PROPN
dem-11731	19	40	,	,	PUNCT
dem-11731	19	41	90	90	NUM
dem-11731	19	42	-	-	PUNCT
dem-11731	19	43	255	255	NUM
dem-11731	19	44	lodz	lodz	PROPN
dem-11731	19	45	,	,	PUNCT
dem-11731	19	46	poland	poland	PROPN
dem-11731	19	47	,	,	PUNCT
dem-11731	19	48	e	e	NOUN
dem-11731	19	49	-	-	NOUN
dem-11731	19	50	mail	mail	NOUN
dem-11731	19	51	:	:	PUNCT
dem-11731	19	52	tschabek@uni.lodz.pl	tschabek@uni.lodz.pl	PROPN
dem-11731	19	53	;	;	PUNCT
dem-11731	19	54	henrique	henrique	PROPN
dem-11731	19	55	castro	castro	PROPN
dem-11731	19	56	,	,	PUNCT
dem-11731	19	57	school	school	NOUN
dem-11731	19	58	of	of	ADP
dem-11731	19	59	economics	economic	NOUN
dem-11731	19	60	,	,	PUNCT
dem-11731	19	61	business	business	NOUN
dem-11731	19	62	and	and	CCONJ
dem-11731	19	63	accounting	accounting	NOUN
dem-11731	19	64	of	of	ADP
dem-11731	19	65	the	the	DET
dem-11731	19	66	university	university	PROPN
dem-11731	19	67	of	of	ADP
dem-11731	19	68	são	são	PROPN
dem-11731	19	69	paulo	paulo	PROPN
dem-11731	19	70	,	,	PUNCT
dem-11731	19	71	são	são	PROPN
dem-11731	19	72	paulo	paulo	PROPN
dem-11731	19	73	,	,	PUNCT
dem-11731	19	74	brazil	brazil	PROPN
dem-11731	19	75	,	,	PUNCT
dem-11731	19	76	e	e	NOUN
dem-11731	19	77	-	-	NOUN
dem-11731	19	78	mail	mail	NOUN
dem-11731	19	79	:	:	PUNCT
dem-11731	19	80	hcastro@usp.br	hcastro@usp.br	X
dem-11731	19	81	.	.	PUNCT
dem-11731	19	82	https://orcid.org/0000-0002-4362-8864	https://orcid.org/0000-0002-4362-8864	NOUN
dem-11731	19	83	tomasz	tomasz	NOUN
dem-11731	19	84	schabek	schabek	NOUN
dem-11731	19	85	,	,	PUNCT
dem-11731	19	86	henrique	henrique	PROPN
dem-11731	19	87	castro	castro	PROPN
dem-11731	19	88	dynamic	dynamic	ADJ
dem-11731	19	89	econometric	econometric	ADJ
dem-11731	19	90	models	model	NOUN
dem-11731	19	91	17	17	NUM
dem-11731	19	92	(	(	PUNCT
dem-11731	19	93	2017	2017	NUM
dem-11731	19	94	)	)	PUNCT
dem-11731	19	95	5–18	5–18	NUM
dem-11731	19	96	6	6	NUM
dem-11731	19	97	from	from	ADP
dem-11731	19	98	october	october	PROPN
dem-11731	19	99	31	31	NUM
dem-11731	19	100	till	till	SCONJ
dem-11731	19	101	april	april	PROPN
dem-11731	19	102	30	30	NUM
dem-11731	19	103	each	each	DET
dem-11731	19	104	year	year	NOUN
dem-11731	19	105	–	–	PUNCT
dem-11731	19	106	described	describe	VERB
dem-11731	19	107	in	in	ADP
dem-11731	19	108	o'higgins	o'higgin	NOUN
dem-11731	19	109	and	and	CCONJ
dem-11731	19	110	downes	downe	NOUN
dem-11731	19	111	(	(	PUNCT
dem-11731	19	112	1990	1990	NUM
dem-11731	19	113	)	)	PUNCT
dem-11731	19	114	.	.	PUNCT
dem-11731	20	1	although	although	SCONJ
dem-11731	20	2	it	it	PRON
dem-11731	20	3	has	have	VERB
dem-11731	20	4	its	its	PRON
dem-11731	20	5	beginnings	beginning	NOUN
dem-11731	20	6	only	only	ADV
dem-11731	20	7	in	in	ADP
dem-11731	20	8	market	market	NOUN
dem-11731	20	9	saying	saying	NOUN
dem-11731	20	10	,	,	PUNCT
dem-11731	20	11	numerous	numerous	ADJ
dem-11731	20	12	of	of	ADP
dem-11731	20	13	studies	study	NOUN
dem-11731	20	14	has	have	AUX
dem-11731	20	15	proven	prove	VERB
dem-11731	20	16	that	that	SCONJ
dem-11731	20	17	it	it	PRON
dem-11731	20	18	is	be	AUX
dem-11731	20	19	still	still	ADV
dem-11731	20	20	profitable	profitable	ADJ
dem-11731	20	21	and	and	CCONJ
dem-11731	20	22	valid	valid	ADJ
dem-11731	20	23	investment	investment	NOUN
dem-11731	20	24	strategy	strategy	NOUN
dem-11731	20	25	.	.	PUNCT
dem-11731	21	1	in	in	ADP
dem-11731	21	2	our	our	PRON
dem-11731	21	3	paper	paper	NOUN
dem-11731	21	4	we	we	PRON
dem-11731	21	5	focus	focus	VERB
dem-11731	21	6	on	on	ADP
dem-11731	21	7	finding	find	VERB
dem-11731	21	8	possible	possible	ADJ
dem-11731	21	9	explanations	explanation	NOUN
dem-11731	21	10	of	of	ADP
dem-11731	21	11	the	the	DET
dem-11731	21	12	anomaly	anomaly	NOUN
dem-11731	21	13	.	.	PUNCT
dem-11731	22	1	we	we	PRON
dem-11731	22	2	use	use	VERB
dem-11731	22	3	set	set	NOUN
dem-11731	22	4	of	of	ADP
dem-11731	22	5	the	the	DET
dem-11731	22	6	variables	variable	NOUN
dem-11731	22	7	representing	represent	VERB
dem-11731	22	8	fundamental	fundamental	ADJ
dem-11731	22	9	and	and	CCONJ
dem-11731	22	10	behavioral	behavioral	ADJ
dem-11731	22	11	factors	factor	NOUN
dem-11731	22	12	that	that	PRON
dem-11731	22	13	could	could	AUX
dem-11731	22	14	influence	influence	VERB
dem-11731	22	15	market	market	NOUN
dem-11731	22	16	participant	participant	NOUN
dem-11731	22	17	’s	’s	PART
dem-11731	22	18	behavior	behavior	NOUN
dem-11731	22	19	.	.	PUNCT
dem-11731	23	1	we	we	PRON
dem-11731	23	2	verify	verify	VERB
dem-11731	23	3	hypothesis	hypothesis	NOUN
dem-11731	23	4	about	about	ADP
dem-11731	23	5	the	the	DET
dem-11731	23	6	existence	existence	NOUN
dem-11731	23	7	of	of	ADP
dem-11731	23	8	similar	similar	ADJ
dem-11731	23	9	effects	effect	NOUN
dem-11731	23	10	for	for	ADP
dem-11731	23	11	all	all	DET
dem-11731	23	12	strategies	strategy	NOUN
dem-11731	23	13	starting	start	VERB
dem-11731	23	14	in	in	ADP
dem-11731	23	15	winter	winter	NOUN
dem-11731	23	16	and	and	CCONJ
dem-11731	23	17	finishing	finish	VERB
dem-11731	23	18	in	in	ADP
dem-11731	23	19	summer	summer	NOUN
dem-11731	23	20	months	month	NOUN
dem-11731	23	21	.	.	PUNCT
dem-11731	24	1	weather	weather	NOUN
dem-11731	24	2	factors	factor	NOUN
dem-11731	24	3	has	have	AUX
dem-11731	24	4	been	be	AUX
dem-11731	24	5	broadly	broadly	ADV
dem-11731	24	6	discussed	discuss	VERB
dem-11731	24	7	as	as	ADP
dem-11731	24	8	the	the	DET
dem-11731	24	9	possible	possible	ADJ
dem-11731	24	10	reason	reason	NOUN
dem-11731	24	11	of	of	ADP
dem-11731	24	12	the	the	DET
dem-11731	24	13	anomaly	anomaly	NOUN
dem-11731	24	14	,	,	PUNCT
dem-11731	24	15	we	we	PRON
dem-11731	24	16	address	address	VERB
dem-11731	24	17	also	also	ADV
dem-11731	24	18	this	this	DET
dem-11731	24	19	issue	issue	NOUN
dem-11731	24	20	.	.	PUNCT
dem-11731	25	1	our	our	PRON
dem-11731	25	2	research	research	NOUN
dem-11731	25	3	brings	bring	VERB
dem-11731	25	4	an	an	DET
dem-11731	25	5	important	important	ADJ
dem-11731	25	6	contribution	contribution	NOUN
dem-11731	25	7	to	to	ADP
dem-11731	25	8	existing	exist	VERB
dem-11731	25	9	literature	literature	NOUN
dem-11731	25	10	because	because	SCONJ
dem-11731	25	11	we	we	PRON
dem-11731	25	12	test	test	VERB
dem-11731	25	13	halloween	halloween	NOUN
dem-11731	25	14	effect	effect	NOUN
dem-11731	25	15	in	in	ADP
dem-11731	25	16	the	the	DET
dem-11731	25	17	context	context	NOUN
dem-11731	25	18	of	of	ADP
dem-11731	25	19	behavioral	behavioral	ADJ
dem-11731	25	20	variables	variable	NOUN
dem-11731	25	21	.	.	PUNCT
dem-11731	26	1	it	it	PRON
dem-11731	26	2	allows	allow	VERB
dem-11731	26	3	to	to	PART
dem-11731	26	4	directly	directly	ADV
dem-11731	26	5	check	check	VERB
dem-11731	26	6	if	if	SCONJ
dem-11731	26	7	changes	change	NOUN
dem-11731	26	8	in	in	ADP
dem-11731	26	9	investor	investor	NOUN
dem-11731	26	10	sentiment	sentiment	NOUN
dem-11731	26	11	are	be	AUX
dem-11731	26	12	responsible	responsible	ADJ
dem-11731	26	13	for	for	ADP
dem-11731	26	14	seasonal	seasonal	ADJ
dem-11731	26	15	fluctuations	fluctuation	NOUN
dem-11731	26	16	.	.	PUNCT
dem-11731	27	1	we	we	PRON
dem-11731	27	2	used	use	VERB
dem-11731	27	3	sentiment	sentiment	NOUN
dem-11731	27	4	measure	measure	NOUN
dem-11731	27	5	proposed	propose	VERB
dem-11731	27	6	by	by	ADP
dem-11731	27	7	baker	baker	PROPN
dem-11731	27	8	and	and	CCONJ
dem-11731	27	9	wurgler	wurgler	PROPN
dem-11731	27	10	(	(	PUNCT
dem-11731	27	11	2007	2007	NUM
dem-11731	27	12	)	)	PUNCT
dem-11731	27	13	which	which	PRON
dem-11731	27	14	is	be	AUX
dem-11731	27	15	solely	solely	ADV
dem-11731	27	16	based	base	VERB
dem-11731	27	17	on	on	ADP
dem-11731	27	18	market	market	NOUN
dem-11731	27	19	factors	factor	NOUN
dem-11731	27	20	.	.	PUNCT
dem-11731	28	1	we	we	PRON
dem-11731	28	2	also	also	ADV
dem-11731	28	3	analyzed	analyze	VERB
dem-11731	28	4	the	the	DET
dem-11731	28	5	role	role	NOUN
dem-11731	28	6	of	of	ADP
dem-11731	28	7	consumer	consumer	NOUN
dem-11731	28	8	confidence	confidence	NOUN
dem-11731	28	9	and	and	CCONJ
dem-11731	28	10	industrial	industrial	ADJ
dem-11731	28	11	production	production	NOUN
dem-11731	28	12	.	.	PUNCT
dem-11731	29	1	secondly	secondly	ADV
dem-11731	29	2	we	we	PRON
dem-11731	29	3	directly	directly	ADV
dem-11731	29	4	test	test	VERB
dem-11731	29	5	influence	influence	NOUN
dem-11731	29	6	of	of	ADP
dem-11731	29	7	daylight	daylight	NOUN
dem-11731	29	8	in	in	ADP
dem-11731	29	9	seasonal	seasonal	ADJ
dem-11731	29	10	anomalies	anomaly	NOUN
dem-11731	29	11	based	base	VERB
dem-11731	29	12	strategies	strategy	NOUN
dem-11731	29	13	to	to	PART
dem-11731	29	14	confirm	confirm	VERB
dem-11731	29	15	or	or	CCONJ
dem-11731	29	16	reject	reject	VERB
dem-11731	29	17	the	the	DET
dem-11731	29	18	hypothesis	hypothesis	NOUN
dem-11731	29	19	of	of	ADP
dem-11731	29	20	its	its	PRON
dem-11731	29	21	influence	influence	NOUN
dem-11731	29	22	on	on	ADP
dem-11731	29	23	halloween	halloween	PROPN
dem-11731	29	24	effect	effect	NOUN
dem-11731	29	25	.	.	PUNCT
dem-11731	30	1	thirdly	thirdly	ADV
dem-11731	30	2	we	we	PRON
dem-11731	30	3	confirm	confirm	VERB
dem-11731	30	4	the	the	DET
dem-11731	30	5	existence	existence	NOUN
dem-11731	30	6	of	of	ADP
dem-11731	30	7	similar	similar	ADJ
dem-11731	30	8	seasonal	seasonal	ADJ
dem-11731	30	9	effects	effect	NOUN
dem-11731	30	10	not	not	PART
dem-11731	30	11	only	only	ADV
dem-11731	30	12	in	in	ADP
dem-11731	30	13	end	end	NOUN
dem-11731	30	14	of	of	ADP
dem-11731	30	15	october	october	PROPN
dem-11731	30	16	–	–	PUNCT
dem-11731	30	17	end	end	NOUN
dem-11731	30	18	of	of	ADP
dem-11731	30	19	april	april	PROPN
dem-11731	30	20	period	period	NOUN
dem-11731	30	21	but	but	CCONJ
dem-11731	30	22	also	also	ADV
dem-11731	30	23	from	from	ADP
dem-11731	30	24	end	end	NOUN
dem-11731	30	25	of	of	ADP
dem-11731	30	26	september	september	PROPN
dem-11731	30	27	(	(	PUNCT
dem-11731	30	28	november	november	PROPN
dem-11731	30	29	)	)	PUNCT
dem-11731	30	30	till	till	SCONJ
dem-11731	30	31	end	end	NOUN
dem-11731	30	32	of	of	ADP
dem-11731	30	33	march	march	PROPN
dem-11731	30	34	(	(	PUNCT
dem-11731	30	35	may	may	PROPN
dem-11731	30	36	)	)	PUNCT
dem-11731	30	37	.	.	PUNCT
dem-11731	31	1	1	1	X
dem-11731	31	2	.	.	X
dem-11731	31	3	literature	literature	NOUN
dem-11731	31	4	review	review	VERB
dem-11731	31	5	numerous	numerous	ADJ
dem-11731	31	6	of	of	ADP
dem-11731	31	7	studies	study	NOUN
dem-11731	31	8	:	:	PUNCT
dem-11731	31	9	andrade	andrade	PROPN
dem-11731	31	10	,	,	PUNCT
dem-11731	31	11	chhaochharia	chhaochharia	PROPN
dem-11731	31	12	and	and	CCONJ
dem-11731	31	13	fuerst	fuerst	PROPN
dem-11731	31	14	(	(	PUNCT
dem-11731	31	15	2013	2013	NUM
dem-11731	31	16	)	)	PUNCT
dem-11731	31	17	,	,	PUNCT
dem-11731	31	18	jacobsen	jacobsen	PROPN
dem-11731	31	19	and	and	CCONJ
dem-11731	31	20	others	other	NOUN
dem-11731	31	21	(	(	PUNCT
dem-11731	31	22	2005	2005	NUM
dem-11731	31	23	)	)	PUNCT
dem-11731	31	24	,	,	PUNCT
dem-11731	31	25	jacobsen	jacobsen	PROPN
dem-11731	31	26	and	and	CCONJ
dem-11731	31	27	visaltanachoti	visaltanachoti	PROPN
dem-11731	31	28	(	(	PUNCT
dem-11731	31	29	2009	2009	NUM
dem-11731	31	30	)	)	PUNCT
dem-11731	31	31	,	,	PUNCT
dem-11731	31	32	zarour	zarour	X
dem-11731	31	33	(	(	PUNCT
dem-11731	31	34	2007	2007	NUM
dem-11731	31	35	)	)	PUNCT
dem-11731	31	36	,	,	PUNCT
dem-11731	31	37	lean	lean	ADJ
dem-11731	31	38	(	(	PUNCT
dem-11731	31	39	2011	2011	NUM
dem-11731	31	40	)	)	PUNCT
dem-11731	31	41	have	have	AUX
dem-11731	31	42	confirmed	confirm	VERB
dem-11731	31	43	the	the	DET
dem-11731	31	44	existence	existence	NOUN
dem-11731	31	45	and	and	CCONJ
dem-11731	31	46	significance	significance	NOUN
dem-11731	31	47	of	of	ADP
dem-11731	31	48	sell	sell	NOUN
dem-11731	31	49	in	in	ADP
dem-11731	31	50	may	may	PROPN
dem-11731	31	51	or	or	CCONJ
dem-11731	31	52	halloween	halloween	PROPN
dem-11731	31	53	effects	effect	NOUN
dem-11731	31	54	.	.	PUNCT
dem-11731	32	1	researchers	researcher	NOUN
dem-11731	32	2	tried	try	VERB
dem-11731	32	3	to	to	PART
dem-11731	32	4	explain	explain	VERB
dem-11731	32	5	the	the	DET
dem-11731	32	6	anomaly	anomaly	NOUN
dem-11731	32	7	in	in	ADP
dem-11731	32	8	many	many	ADJ
dem-11731	32	9	different	different	ADJ
dem-11731	32	10	ways	way	NOUN
dem-11731	32	11	.	.	PUNCT
dem-11731	33	1	bouman	bouman	PROPN
dem-11731	33	2	and	and	CCONJ
dem-11731	33	3	jacobsen	jacobsen	PROPN
dem-11731	33	4	(	(	PUNCT
dem-11731	33	5	2002	2002	NUM
dem-11731	33	6	)	)	PUNCT
dem-11731	33	7	in	in	ADP
dem-11731	33	8	their	their	PRON
dem-11731	33	9	research	research	NOUN
dem-11731	33	10	control	control	NOUN
dem-11731	33	11	for	for	ADP
dem-11731	33	12	risk	risk	NOUN
dem-11731	33	13	,	,	PUNCT
dem-11731	33	14	january	january	PROPN
dem-11731	33	15	effect	effect	NOUN
dem-11731	33	16	,	,	PUNCT
dem-11731	33	17	changes	change	NOUN
dem-11731	33	18	in	in	ADP
dem-11731	33	19	interest	interest	NOUN
dem-11731	33	20	rates	rate	NOUN
dem-11731	33	21	and	and	CCONJ
dem-11731	33	22	volume	volume	NOUN
dem-11731	33	23	and	and	CCONJ
dem-11731	33	24	stated	state	VERB
dem-11731	33	25	that	that	SCONJ
dem-11731	33	26	even	even	ADV
dem-11731	33	27	though	though	SCONJ
dem-11731	33	28	the	the	DET
dem-11731	33	29	anomaly	anomaly	NOUN
dem-11731	33	30	persists	persist	VERB
dem-11731	33	31	,	,	PUNCT
dem-11731	33	32	they	they	PRON
dem-11731	33	33	suggested	suggest	VERB
dem-11731	33	34	summer	summer	NOUN
dem-11731	33	35	holidays	holiday	NOUN
dem-11731	33	36	as	as	ADP
dem-11731	33	37	the	the	DET
dem-11731	33	38	explanation	explanation	NOUN
dem-11731	33	39	of	of	ADP
dem-11731	33	40	the	the	DET
dem-11731	33	41	anomaly	anomaly	NOUN
dem-11731	33	42	(	(	PUNCT
dem-11731	33	43	liquidity	liquidity	NOUN
dem-11731	33	44	needs	need	NOUN
dem-11731	33	45	or	or	CCONJ
dem-11731	33	46	changed	change	VERB
dem-11731	33	47	risk	risk	NOUN
dem-11731	33	48	aversion	aversion	NOUN
dem-11731	33	49	during	during	ADP
dem-11731	33	50	vacations	vacation	NOUN
dem-11731	33	51	)	)	PUNCT
dem-11731	33	52	.	.	PUNCT
dem-11731	34	1	summer	summer	NOUN
dem-11731	34	2	holiday	holiday	NOUN
dem-11731	34	3	as	as	ADP
dem-11731	34	4	a	a	DET
dem-11731	34	5	reason	reason	NOUN
dem-11731	34	6	of	of	ADP
dem-11731	34	7	the	the	DET
dem-11731	34	8	anomaly	anomaly	NOUN
dem-11731	34	9	is	be	AUX
dem-11731	34	10	supported	support	VERB
dem-11731	34	11	by	by	ADP
dem-11731	34	12	hong	hong	PROPN
dem-11731	34	13	and	and	CCONJ
dem-11731	34	14	yu	yu	PROPN
dem-11731	34	15	(	(	PUNCT
dem-11731	34	16	2009	2009	NUM
dem-11731	34	17	)	)	PUNCT
dem-11731	34	18	which	which	PRON
dem-11731	34	19	concluded	conclude	VERB
dem-11731	34	20	that	that	SCONJ
dem-11731	34	21	trading	trading	NOUN
dem-11731	34	22	activity	activity	NOUN
dem-11731	34	23	drops	drop	VERB
dem-11731	34	24	in	in	ADP
dem-11731	34	25	summer	summer	NOUN
dem-11731	34	26	months	month	NOUN
dem-11731	34	27	,	,	PUNCT
dem-11731	34	28	also	also	ADV
dem-11731	34	29	recent	recent	ADJ
dem-11731	34	30	findings	finding	NOUN
dem-11731	34	31	of	of	ADP
dem-11731	34	32	kaustia	kaustia	PROPN
dem-11731	34	33	and	and	CCONJ
dem-11731	34	34	rantapuska	rantapuska	NOUN
dem-11731	34	35	(	(	PUNCT
dem-11731	34	36	2016	2016	NUM
dem-11731	34	37	)	)	PUNCT
dem-11731	34	38	seems	seem	VERB
dem-11731	34	39	to	to	PART
dem-11731	34	40	be	be	AUX
dem-11731	34	41	in	in	ADP
dem-11731	34	42	favor	favor	NOUN
dem-11731	34	43	of	of	ADP
dem-11731	34	44	holiday	holiday	NOUN
dem-11731	34	45	’s	’s	PART
dem-11731	34	46	hypothesis	hypothesis	NOUN
dem-11731	34	47	.	.	PUNCT
dem-11731	35	1	kamstra	kamstra	PROPN
dem-11731	35	2	,	,	PUNCT
dem-11731	35	3	kramer	kramer	PROPN
dem-11731	35	4	and	and	CCONJ
dem-11731	35	5	levi	levi	PROPN
dem-11731	35	6	(	(	PUNCT
dem-11731	35	7	2003	2003	NUM
dem-11731	35	8	)	)	PUNCT
dem-11731	35	9	postulated	postulate	VERB
dem-11731	35	10	seasonal	seasonal	ADJ
dem-11731	35	11	affective	affective	ADJ
dem-11731	35	12	disorder	disorder	NOUN
dem-11731	35	13	(	(	PUNCT
dem-11731	35	14	sad	sad	ADJ
dem-11731	35	15	)	)	PUNCT
dem-11731	35	16	as	as	ADP
dem-11731	35	17	the	the	DET
dem-11731	35	18	main	main	ADJ
dem-11731	35	19	reason	reason	NOUN
dem-11731	35	20	of	of	ADP
dem-11731	35	21	halloween	halloween	PROPN
dem-11731	35	22	anomaly	anomaly	PROPN
dem-11731	35	23	,	,	PUNCT
dem-11731	35	24	their	their	PRON
dem-11731	35	25	research	research	NOUN
dem-11731	35	26	however	however	ADV
dem-11731	35	27	was	be	AUX
dem-11731	35	28	heavily	heavily	ADV
dem-11731	35	29	criticized	criticize	VERB
dem-11731	35	30	in	in	ADP
dem-11731	35	31	kelly	kelly	PROPN
dem-11731	35	32	,	,	PUNCT
dem-11731	35	33	meschke	meschke	NOUN
dem-11731	35	34	(	(	PUNCT
dem-11731	35	35	2010	2010	NUM
dem-11731	35	36	)	)	PUNCT
dem-11731	35	37	,	,	PUNCT
dem-11731	35	38	jacobsen	jacobsen	PROPN
dem-11731	35	39	and	and	CCONJ
dem-11731	35	40	marquering	marquering	PROPN
dem-11731	35	41	(	(	PUNCT
dem-11731	35	42	2008	2008	NUM
dem-11731	35	43	,	,	PUNCT
dem-11731	35	44	2009	2009	NUM
dem-11731	35	45	)	)	PUNCT
dem-11731	35	46	.	.	PUNCT
dem-11731	36	1	maberly	maberly	ADV
dem-11731	36	2	and	and	CCONJ
dem-11731	36	3	pierce	pierce	PROPN
dem-11731	36	4	(	(	PUNCT
dem-11731	36	5	2004	2004	NUM
dem-11731	36	6	)	)	PUNCT
dem-11731	36	7	questioned	question	VERB
dem-11731	36	8	the	the	DET
dem-11731	36	9	existence	existence	NOUN
dem-11731	36	10	of	of	ADP
dem-11731	36	11	halloween	halloween	PROPN
dem-11731	36	12	effect	effect	NOUN
dem-11731	36	13	as	as	SCONJ
dem-11731	36	14	caused	cause	VERB
dem-11731	36	15	by	by	ADP
dem-11731	36	16	outliers	outlier	NOUN
dem-11731	36	17	in	in	ADP
dem-11731	36	18	october	october	PROPN
dem-11731	36	19	1987	1987	NUM
dem-11731	36	20	and	and	CCONJ
dem-11731	36	21	august	august	PROPN
dem-11731	36	22	1998	1998	NUM
dem-11731	36	23	but	but	CCONJ
dem-11731	36	24	haggard	haggard	ADJ
dem-11731	36	25	and	and	CCONJ
dem-11731	36	26	witte	witte	NOUN
dem-11731	36	27	(	(	PUNCT
dem-11731	36	28	2010	2010	NUM
dem-11731	36	29	)	)	PUNCT
dem-11731	36	30	acquire	acquire	VERB
dem-11731	36	31	the	the	DET
dem-11731	36	32	results	result	NOUN
dem-11731	36	33	using	use	VERB
dem-11731	36	34	robust	robust	ADJ
dem-11731	36	35	“	"	PUNCT
dem-11731	36	36	sell	sell	VERB
dem-11731	36	37	not	not	PART
dem-11731	36	38	only	only	ADV
dem-11731	36	39	in	in	ADP
dem-11731	36	40	may	may	PROPN
dem-11731	36	41	”	"	PUNCT
dem-11731	36	42	.	.	PUNCT
dem-11731	37	1	seasonal	seasonal	ADJ
dem-11731	37	2	effect	effect	NOUN
dem-11731	37	3	on	on	ADP
dem-11731	37	4	stock	stock	NOUN
dem-11731	37	5	markets	market	NOUN
dem-11731	37	6	dynamic	dynamic	ADJ
dem-11731	37	7	econometric	econometric	ADJ
dem-11731	37	8	models	model	NOUN
dem-11731	37	9	17	17	NUM
dem-11731	37	10	(	(	PUNCT
dem-11731	37	11	2017	2017	NUM
dem-11731	37	12	)	)	PUNCT
dem-11731	37	13	7–18	7–18	NUM
dem-11731	37	14	7	7	NUM
dem-11731	37	15	estimation	estimation	NOUN
dem-11731	37	16	technique	technique	NOUN
dem-11731	37	17	and	and	CCONJ
dem-11731	37	18	confirms	confirm	VERB
dem-11731	37	19	significant	significant	ADJ
dem-11731	37	20	halloween	halloween	PROPN
dem-11731	37	21	anomaly	anomaly	NOUN
dem-11731	37	22	.	.	PUNCT
dem-11731	38	1	jacobsen	jacobsen	PROPN
dem-11731	38	2	and	and	CCONJ
dem-11731	38	3	others	other	NOUN
dem-11731	38	4	(	(	PUNCT
dem-11731	38	5	2005	2005	NUM
dem-11731	38	6	)	)	PUNCT
dem-11731	38	7	checked	check	VERB
dem-11731	38	8	if	if	SCONJ
dem-11731	38	9	halloween	halloween	NOUN
dem-11731	38	10	effect	effect	NOUN
dem-11731	38	11	is	be	AUX
dem-11731	38	12	dependent	dependent	ADJ
dem-11731	38	13	on	on	ADP
dem-11731	38	14	size	size	NOUN
dem-11731	38	15	,	,	PUNCT
dem-11731	38	16	book	book	NOUN
dem-11731	38	17	to	to	ADP
dem-11731	38	18	market	market	NOUN
dem-11731	38	19	or	or	CCONJ
dem-11731	38	20	divided	divide	VERB
dem-11731	38	21	yield	yield	NOUN
dem-11731	38	22	and	and	CCONJ
dem-11731	38	23	conclude	conclude	VERB
dem-11731	38	24	that	that	SCONJ
dem-11731	38	25	it	it	PRON
dem-11731	38	26	is	be	AUX
dem-11731	38	27	not	not	PART
dem-11731	38	28	the	the	DET
dem-11731	38	29	case	case	NOUN
dem-11731	38	30	.	.	PUNCT
dem-11731	39	1	gerlach	gerlach	PROPN
dem-11731	39	2	(	(	PUNCT
dem-11731	39	3	2007	2007	NUM
dem-11731	39	4	)	)	PUNCT
dem-11731	39	5	found	find	VERB
dem-11731	39	6	that	that	SCONJ
dem-11731	39	7	returns	return	NOUN
dem-11731	39	8	from	from	ADP
dem-11731	39	9	october	october	PROPN
dem-11731	39	10	to	to	ADP
dem-11731	39	11	december	december	PROPN
dem-11731	39	12	are	be	AUX
dem-11731	39	13	higher	high	ADJ
dem-11731	39	14	because	because	SCONJ
dem-11731	39	15	of	of	ADP
dem-11731	39	16	macroeconomic	macroeconomic	ADJ
dem-11731	39	17	announcements	announcement	NOUN
dem-11731	39	18	but	but	CCONJ
dem-11731	39	19	gugten	gugten	NOUN
dem-11731	39	20	(	(	PUNCT
dem-11731	39	21	2010	2010	NUM
dem-11731	39	22	)	)	PUNCT
dem-11731	39	23	reports	report	VERB
dem-11731	39	24	that	that	SCONJ
dem-11731	39	25	even	even	ADV
dem-11731	39	26	with	with	ADP
dem-11731	39	27	control	control	NOUN
dem-11731	39	28	of	of	ADP
dem-11731	39	29	this	this	DET
dem-11731	39	30	factor	factor	NOUN
dem-11731	39	31	halloween	halloween	PROPN
dem-11731	39	32	anomaly	anomaly	PROPN
dem-11731	39	33	still	still	ADV
dem-11731	39	34	exists	exist	VERB
dem-11731	39	35	.	.	PUNCT
dem-11731	40	1	lucey	lucey	PROPN
dem-11731	40	2	and	and	CCONJ
dem-11731	40	3	zhao	zhao	PROPN
dem-11731	40	4	(	(	PUNCT
dem-11731	40	5	2007	2007	NUM
dem-11731	40	6	)	)	PUNCT
dem-11731	40	7	postulated	postulate	VERB
dem-11731	40	8	that	that	SCONJ
dem-11731	40	9	january	january	PROPN
dem-11731	40	10	effect	effect	NOUN
dem-11731	40	11	is	be	AUX
dem-11731	40	12	the	the	DET
dem-11731	40	13	reason	reason	NOUN
dem-11731	40	14	,	,	PUNCT
dem-11731	40	15	but	but	CCONJ
dem-11731	40	16	those	those	DET
dem-11731	40	17	results	result	NOUN
dem-11731	40	18	were	be	AUX
dem-11731	40	19	questioned	question	VERB
dem-11731	40	20	by	by	ADP
dem-11731	40	21	haggard	haggard	ADJ
dem-11731	40	22	and	and	CCONJ
dem-11731	40	23	witte	witte	NOUN
dem-11731	40	24	(	(	PUNCT
dem-11731	40	25	2010	2010	NUM
dem-11731	40	26	)	)	PUNCT
dem-11731	40	27	,	,	PUNCT
dem-11731	40	28	because	because	SCONJ
dem-11731	40	29	of	of	ADP
dem-11731	40	30	short	short	ADJ
dem-11731	40	31	sub	sub	NOUN
dem-11731	40	32	periods	period	NOUN
dem-11731	40	33	used	use	VERB
dem-11731	40	34	in	in	ADP
dem-11731	40	35	lucey	lucey	PROPN
dem-11731	40	36	and	and	CCONJ
dem-11731	40	37	zhao	zhao	PROPN
dem-11731	40	38	(	(	PUNCT
dem-11731	40	39	2007	2007	NUM
dem-11731	40	40	)	)	PUNCT
dem-11731	40	41	tests	test	NOUN
dem-11731	40	42	.	.	PUNCT
dem-11731	41	1	doeswijk	doeswijk	NOUN
dem-11731	41	2	(	(	PUNCT
dem-11731	41	3	2008	2008	NUM
dem-11731	41	4	)	)	PUNCT
dem-11731	41	5	hypothesizes	hypothesize	VERB
dem-11731	41	6	that	that	SCONJ
dem-11731	41	7	investors	investor	NOUN
dem-11731	41	8	behavior	behavior	NOUN
dem-11731	41	9	is	be	AUX
dem-11731	41	10	driven	drive	VERB
dem-11731	41	11	by	by	ADP
dem-11731	41	12	optimism	optimism	NOUN
dem-11731	41	13	cycles	cycle	NOUN
dem-11731	41	14	.	.	PUNCT
dem-11731	42	1	he	he	PRON
dem-11731	42	2	stated	state	VERB
dem-11731	42	3	that	that	PRON
dem-11731	42	4	size	size	NOUN
dem-11731	42	5	and	and	CCONJ
dem-11731	42	6	value	value	NOUN
dem-11731	42	7	factor	factor	NOUN
dem-11731	42	8	do	do	AUX
dem-11731	42	9	not	not	PART
dem-11731	42	10	influence	influence	VERB
dem-11731	42	11	“	"	PUNCT
dem-11731	42	12	sell	sell	VERB
dem-11731	42	13	in	in	ADP
dem-11731	42	14	may	may	PROPN
dem-11731	42	15	”	"	PUNCT
dem-11731	42	16	effect	effect	VERB
dem-11731	42	17	,	,	PUNCT
dem-11731	42	18	but	but	CCONJ
dem-11731	42	19	behavioral	behavioral	ADJ
dem-11731	42	20	factor	factor	NOUN
dem-11731	42	21	–	–	PUNCT
dem-11731	42	22	initial	initial	ADJ
dem-11731	42	23	returns	return	NOUN
dem-11731	42	24	from	from	ADP
dem-11731	42	25	ipos	ipos	NOUN
dem-11731	42	26	has	have	VERB
dem-11731	42	27	explanatory	explanatory	ADJ
dem-11731	42	28	power	power	NOUN
dem-11731	42	29	.	.	PUNCT
dem-11731	43	1	in	in	ADP
dem-11731	43	2	study	study	NOUN
dem-11731	43	3	of	of	ADP
dem-11731	43	4	jacobsen	jacobsen	PROPN
dem-11731	43	5	and	and	CCONJ
dem-11731	43	6	zhang	zhang	PROPN
dem-11731	43	7	(	(	PUNCT
dem-11731	43	8	2012a	2012a	NUM
dem-11731	43	9	)	)	PUNCT
dem-11731	43	10	they	they	PRON
dem-11731	43	11	use	use	VERB
dem-11731	43	12	sample	sample	NOUN
dem-11731	43	13	of	of	ADP
dem-11731	43	14	108	108	NUM
dem-11731	43	15	markets	market	NOUN
dem-11731	43	16	and	and	CCONJ
dem-11731	43	17	very	very	ADV
dem-11731	43	18	long	long	ADJ
dem-11731	43	19	time	time	NOUN
dem-11731	43	20	series	series	NOUN
dem-11731	43	21	(	(	PUNCT
dem-11731	43	22	21	21	NUM
dem-11731	43	23	of	of	ADP
dem-11731	43	24	those	those	DET
dem-11731	43	25	markets	market	NOUN
dem-11731	43	26	have	have	VERB
dem-11731	43	27	more	more	ADJ
dem-11731	43	28	than	than	ADP
dem-11731	43	29	1000	1000	NUM
dem-11731	43	30	monthly	monthly	ADJ
dem-11731	43	31	observations	observation	NOUN
dem-11731	43	32	)	)	PUNCT
dem-11731	43	33	.	.	PUNCT
dem-11731	44	1	they	they	PRON
dem-11731	44	2	provide	provide	VERB
dem-11731	44	3	thorough	thorough	ADJ
dem-11731	44	4	and	and	CCONJ
dem-11731	44	5	detailed	detailed	ADJ
dem-11731	44	6	analysis	analysis	NOUN
dem-11731	44	7	of	of	ADP
dem-11731	44	8	persistence	persistence	NOUN
dem-11731	44	9	and	and	CCONJ
dem-11731	44	10	significance	significance	NOUN
dem-11731	44	11	of	of	ADP
dem-11731	44	12	the	the	DET
dem-11731	44	13	halloween	halloween	NOUN
dem-11731	44	14	anomaly	anomaly	NOUN
dem-11731	44	15	.	.	PUNCT
dem-11731	45	1	their	their	PRON
dem-11731	45	2	findings	finding	NOUN
dem-11731	45	3	confirm	confirm	VERB
dem-11731	45	4	significant	significant	ADJ
dem-11731	45	5	and	and	CCONJ
dem-11731	45	6	strengthening	strengthen	VERB
dem-11731	45	7	halloween	halloween	NOUN
dem-11731	45	8	effect	effect	NOUN
dem-11731	45	9	.	.	PUNCT
dem-11731	46	1	we	we	PRON
dem-11731	46	2	rely	rely	VERB
dem-11731	46	3	on	on	ADP
dem-11731	46	4	their	their	PRON
dem-11731	46	5	studies	study	NOUN
dem-11731	46	6	therefore	therefore	ADV
dem-11731	46	7	we	we	PRON
dem-11731	46	8	will	will	AUX
dem-11731	46	9	not	not	PART
dem-11731	46	10	replicate	replicate	VERB
dem-11731	46	11	them	they	PRON
dem-11731	46	12	in	in	ADP
dem-11731	46	13	detailed	detailed	ADJ
dem-11731	46	14	way	way	NOUN
dem-11731	46	15	as	as	SCONJ
dem-11731	46	16	jacobsen	jacobsen	PROPN
dem-11731	46	17	and	and	CCONJ
dem-11731	46	18	zhang	zhang	PROPN
dem-11731	46	19	(	(	PUNCT
dem-11731	46	20	2012a	2012a	NUM
dem-11731	46	21	)	)	PUNCT
dem-11731	46	22	to	to	PART
dem-11731	46	23	reaffirm	reaffirm	VERB
dem-11731	46	24	existence	existence	NOUN
dem-11731	46	25	of	of	ADP
dem-11731	46	26	halloween	halloween	PROPN
dem-11731	46	27	effect	effect	NOUN
dem-11731	46	28	,	,	PUNCT
dem-11731	46	29	instead	instead	ADV
dem-11731	46	30	we	we	PRON
dem-11731	46	31	will	will	AUX
dem-11731	46	32	focus	focus	VERB
dem-11731	46	33	on	on	ADP
dem-11731	46	34	verification	verification	NOUN
dem-11731	46	35	of	of	ADP
dem-11731	46	36	possible	possible	ADJ
dem-11731	46	37	explanations	explanation	NOUN
dem-11731	46	38	of	of	ADP
dem-11731	46	39	the	the	DET
dem-11731	46	40	effect	effect	NOUN
dem-11731	46	41	.	.	PUNCT
dem-11731	47	1	in	in	ADP
dem-11731	47	2	recent	recent	ADJ
dem-11731	47	3	paper	paper	NOUN
dem-11731	47	4	jacobsen	jacobsen	PROPN
dem-11731	47	5	and	and	CCONJ
dem-11731	47	6	zhang	zhang	PROPN
dem-11731	47	7	(	(	PUNCT
dem-11731	47	8	2012	2012	NUM
dem-11731	47	9	)	)	PUNCT
dem-11731	47	10	analyze	analyze	VERB
dem-11731	47	11	317	317	NUM
dem-11731	47	12	years	year	NOUN
dem-11731	47	13	of	of	ADP
dem-11731	47	14	united	united	PROPN
dem-11731	47	15	kingdom	kingdom	PROPN
dem-11731	47	16	stock	stock	NOUN
dem-11731	47	17	prices	price	NOUN
dem-11731	47	18	data	datum	NOUN
dem-11731	47	19	.	.	PUNCT
dem-11731	48	1	such	such	ADJ
dem-11731	48	2	long	long	ADJ
dem-11731	48	3	time	time	NOUN
dem-11731	48	4	data	data	PROPN
dem-11731	48	5	series	series	PROPN
dem-11731	48	6	allowed	allow	VERB
dem-11731	48	7	testing	test	VERB
dem-11731	48	8	halloween	halloween	NOUN
dem-11731	48	9	effect	effect	NOUN
dem-11731	48	10	in	in	ADP
dem-11731	48	11	100and	100and	NUM
dem-11731	48	12	50years	50years	NUM
dem-11731	48	13	subsample	subsample	ADJ
dem-11731	48	14	intervals	interval	NOUN
dem-11731	48	15	.	.	PUNCT
dem-11731	49	1	they	they	PRON
dem-11731	49	2	report	report	VERB
dem-11731	49	3	significant	significant	ADJ
dem-11731	49	4	0,56	0,56	NOUN
dem-11731	49	5	%	%	NOUN
dem-11731	49	6	higher	high	ADJ
dem-11731	49	7	winter	winter	NOUN
dem-11731	49	8	returns	return	NOUN
dem-11731	49	9	than	than	ADP
dem-11731	49	10	summer	summer	NOUN
dem-11731	49	11	returns	return	NOUN
dem-11731	49	12	.	.	PUNCT
dem-11731	50	1	may	may	AUX
dem-11731	50	2	effect	effect	VERB
dem-11731	50	3	is	be	AUX
dem-11731	50	4	present	present	ADJ
dem-11731	50	5	in	in	ADP
dem-11731	50	6	all	all	PRON
dem-11731	50	7	of	of	ADP
dem-11731	50	8	their	their	PRON
dem-11731	50	9	100and	100and	NUM
dem-11731	50	10	50years	50years	NUM
dem-11731	50	11	periods	period	NOUN
dem-11731	50	12	.	.	PUNCT
dem-11731	51	1	2	2	X
dem-11731	51	2	.	.	X
dem-11731	51	3	data	datum	NOUN
dem-11731	51	4	in	in	ADP
dem-11731	51	5	our	our	PRON
dem-11731	51	6	study	study	NOUN
dem-11731	51	7	we	we	PRON
dem-11731	51	8	divide	divide	VERB
dem-11731	51	9	used	use	VERB
dem-11731	51	10	data	datum	NOUN
dem-11731	51	11	into	into	ADP
dem-11731	51	12	the	the	DET
dem-11731	51	13	following	follow	VERB
dem-11731	51	14	groups	group	NOUN
dem-11731	51	15	:	:	PUNCT
dem-11731	51	16	a	a	X
dem-11731	51	17	)	)	PUNCT
dem-11731	51	18	stock	stock	NOUN
dem-11731	51	19	markets	market	NOUN
dem-11731	51	20	monthly	monthly	ADJ
dem-11731	51	21	rates	rate	NOUN
dem-11731	51	22	of	of	ADP
dem-11731	51	23	return	return	NOUN
dem-11731	51	24	.	.	PUNCT
dem-11731	52	1	all	all	DET
dem-11731	52	2	rates	rate	NOUN
dem-11731	52	3	of	of	ADP
dem-11731	52	4	return	return	NOUN
dem-11731	52	5	are	be	AUX
dem-11731	52	6	calculated	calculate	VERB
dem-11731	52	7	using	use	VERB
dem-11731	52	8	last	last	ADJ
dem-11731	52	9	stock	stock	NOUN
dem-11731	52	10	market	market	NOUN
dem-11731	52	11	session	session	NOUN
dem-11731	52	12	of	of	ADP
dem-11731	52	13	the	the	DET
dem-11731	52	14	month	month	NOUN
dem-11731	52	15	closing	closing	NOUN
dem-11731	52	16	price	price	NOUN
dem-11731	52	17	(	(	PUNCT
dem-11731	52	18	in	in	ADP
dem-11731	52	19	local	local	ADJ
dem-11731	52	20	currency	currency	NOUN
dem-11731	52	21	)	)	PUNCT
dem-11731	52	22	.	.	PUNCT
dem-11731	53	1	closing	close	VERB
dem-11731	53	2	prices	price	NOUN
dem-11731	53	3	are	be	AUX
dem-11731	53	4	acquired	acquire	VERB
dem-11731	53	5	from	from	ADP
dem-11731	53	6	routers	router	NOUN
dem-11731	53	7	database	database	NOUN
dem-11731	53	8	.	.	PUNCT
dem-11731	54	1	the	the	DET
dem-11731	54	2	longest	long	ADJ
dem-11731	54	3	period	period	NOUN
dem-11731	54	4	covered	cover	VERB
dem-11731	54	5	is	be	AUX
dem-11731	54	6	:	:	PUNCT
dem-11731	54	7	jan	jan	PROPN
dem-11731	54	8	1964	1964	NUM
dem-11731	54	9	to	to	ADP
dem-11731	54	10	jun	jun	PROPN
dem-11731	54	11	2012	2012	NUM
dem-11731	54	12	1	1	NUM
dem-11731	54	13	.	.	PUNCT
dem-11731	55	1	b	b	X
dem-11731	55	2	)	)	PUNCT
dem-11731	55	3	us	us	PROPN
dem-11731	55	4	market	market	NOUN
dem-11731	55	5	sentiment	sentiment	NOUN
dem-11731	55	6	is	be	AUX
dem-11731	55	7	measured	measure	VERB
dem-11731	55	8	by	by	ADP
dem-11731	55	9	baker	baker	PROPN
dem-11731	55	10	and	and	CCONJ
dem-11731	55	11	wurgler	wurgler	PROPN
dem-11731	55	12	(	(	PUNCT
dem-11731	55	13	2007	2007	NUM
dem-11731	55	14	)	)	PUNCT
dem-11731	55	15	monthly	monthly	ADJ
dem-11731	55	16	sentiment	sentiment	NOUN
dem-11731	55	17	index	index	NOUN
dem-11731	55	18	and	and	CCONJ
dem-11731	55	19	acquired	acquire	VERB
dem-11731	55	20	directly	directly	ADV
dem-11731	55	21	from	from	ADP
dem-11731	55	22	wurgler	wurgler	PROPN
dem-11731	55	23	web	web	NOUN
dem-11731	55	24	-	-	NOUN
dem-11731	55	25	page	page	NOUN
dem-11731	55	26	2	2	NUM
dem-11731	55	27	.	.	PUNCT
dem-11731	56	1	it	it	PRON
dem-11731	56	2	covers	cover	VERB
dem-11731	56	3	the	the	DET
dem-11731	56	4	period	period	NOUN
dem-11731	56	5	of	of	ADP
dem-11731	56	6	july	july	PROPN
dem-11731	56	7	1965	1965	NUM
dem-11731	56	8	to	to	ADP
dem-11731	56	9	dec	dec	PROPN
dem-11731	56	10	2010	2010	NUM
dem-11731	56	11	.	.	PUNCT
dem-11731	57	1	1	1	NUM
dem-11731	57	2	different	different	ADJ
dem-11731	57	3	markets	market	NOUN
dem-11731	57	4	are	be	AUX
dem-11731	57	5	covered	cover	VERB
dem-11731	57	6	with	with	ADP
dem-11731	57	7	different	different	ADJ
dem-11731	57	8	periods	period	NOUN
dem-11731	57	9	as	as	ADP
dem-11731	57	10	the	the	DET
dem-11731	57	11	effect	effect	NOUN
dem-11731	57	12	of	of	ADP
dem-11731	57	13	the	the	DET
dem-11731	57	14	fact	fact	NOUN
dem-11731	57	15	that	that	SCONJ
dem-11731	57	16	some	some	DET
dem-11731	57	17	analyzed	analyze	VERB
dem-11731	57	18	market	market	NOUN
dem-11731	57	19	have	have	AUX
dem-11731	57	20	shorter	short	ADJ
dem-11731	57	21	time	time	NOUN
dem-11731	57	22	series	series	NOUN
dem-11731	57	23	of	of	ADP
dem-11731	57	24	required	require	VERB
dem-11731	57	25	data	datum	NOUN
dem-11731	57	26	.	.	PUNCT
dem-11731	58	1	2	2	NUM
dem-11731	58	2	http://www.stern.nyu.edu/~jwurgler/	http://www.stern.nyu.edu/~jwurgler/	PROPN
dem-11731	58	3	tomasz	tomasz	NOUN
dem-11731	58	4	schabek	schabek	NOUN
dem-11731	58	5	,	,	PUNCT
dem-11731	58	6	henrique	henrique	PROPN
dem-11731	58	7	castro	castro	PROPN
dem-11731	58	8	dynamic	dynamic	ADJ
dem-11731	58	9	econometric	econometric	ADJ
dem-11731	58	10	models	model	NOUN
dem-11731	58	11	17	17	NUM
dem-11731	58	12	(	(	PUNCT
dem-11731	58	13	2017	2017	NUM
dem-11731	58	14	)	)	PUNCT
dem-11731	58	15	5–18	5–18	NUM
dem-11731	58	16	8	8	NUM
dem-11731	58	17	c	c	NOUN
dem-11731	58	18	)	)	PUNCT
dem-11731	58	19	number	number	NOUN
dem-11731	58	20	of	of	ADP
dem-11731	58	21	initial	initial	ADJ
dem-11731	58	22	public	public	ADJ
dem-11731	58	23	offering	offering	NOUN
dem-11731	58	24	(	(	PUNCT
dem-11731	58	25	ipo	ipo	NOUN
dem-11731	58	26	)	)	PUNCT
dem-11731	58	27	is	be	AUX
dem-11731	58	28	calculated	calculate	VERB
dem-11731	58	29	based	base	VERB
dem-11731	58	30	on	on	ADP
dem-11731	58	31	data	datum	NOUN
dem-11731	58	32	obtained	obtain	VERB
dem-11731	58	33	from	from	ADP
dem-11731	58	34	reuters	reuters	PROPN
dem-11731	58	35	one	one	NUM
dem-11731	58	36	database	database	NOUN
dem-11731	58	37	.	.	PUNCT
dem-11731	59	1	the	the	DET
dem-11731	59	2	longest	long	ADJ
dem-11731	59	3	period	period	NOUN
dem-11731	59	4	starts	start	VERB
dem-11731	59	5	from	from	ADP
dem-11731	59	6	jan	jan	PROPN
dem-11731	59	7	1970	1970	NUM
dem-11731	59	8	and	and	CCONJ
dem-11731	59	9	finishes	finish	VERB
dem-11731	59	10	in	in	ADP
dem-11731	59	11	jun	jun	PROPN
dem-11731	59	12	2012	2012	NUM
dem-11731	59	13	.	.	PUNCT
dem-11731	60	1	d	d	X
dem-11731	60	2	)	)	PUNCT
dem-11731	60	3	industrial	industrial	ADJ
dem-11731	60	4	production	production	NOUN
dem-11731	60	5	–	–	PUNCT
dem-11731	60	6	gathered	gather	VERB
dem-11731	60	7	from	from	ADP
dem-11731	60	8	world	world	PROPN
dem-11731	60	9	bank	bank	PROPN
dem-11731	60	10	global	global	ADJ
dem-11731	60	11	economic	economic	ADJ
dem-11731	60	12	monitor	monitor	NOUN
dem-11731	60	13	(	(	PUNCT
dem-11731	60	14	gem	gem	NOUN
dem-11731	60	15	)	)	PUNCT
dem-11731	60	16	database	database	NOUN
dem-11731	60	17	and	and	CCONJ
dem-11731	60	18	oecd	oecd	PROPN
dem-11731	60	19	.	.	PROPN
dem-11731	61	1	covers	cover	VERB
dem-11731	61	2	period	period	NOUN
dem-11731	61	3	between	between	ADP
dem-11731	61	4	jan	jan	PROPN
dem-11731	61	5	1991	1991	NUM
dem-11731	61	6	to	to	ADP
dem-11731	61	7	jun	jun	PROPN
dem-11731	61	8	2012	2012	NUM
dem-11731	61	9	depending	depend	VERB
dem-11731	61	10	on	on	ADP
dem-11731	61	11	country	country	NOUN
dem-11731	61	12	.	.	PUNCT
dem-11731	62	1	e	e	X
dem-11731	62	2	)	)	PUNCT
dem-11731	62	3	consumer	consumer	NOUN
dem-11731	62	4	confidence	confidence	NOUN
dem-11731	62	5	indicator	indicator	NOUN
dem-11731	62	6	(	(	PUNCT
dem-11731	62	7	cci	cci	PROPN
dem-11731	62	8	)	)	PUNCT
dem-11731	62	9	–	–	PUNCT
dem-11731	62	10	acquired	acquire	VERB
dem-11731	62	11	from	from	ADP
dem-11731	62	12	oecd	oecd	PROPN
dem-11731	62	13	database	database	NOUN
dem-11731	62	14	.	.	PUNCT
dem-11731	63	1	the	the	DET
dem-11731	63	2	longest	long	ADJ
dem-11731	63	3	period	period	NOUN
dem-11731	63	4	covered	cover	VERB
dem-11731	63	5	is	be	AUX
dem-11731	63	6	:	:	PUNCT
dem-11731	63	7	jan	jan	PROPN
dem-11731	63	8	1964	1964	NUM
dem-11731	63	9	to	to	ADP
dem-11731	63	10	jun	jun	PROPN
dem-11731	63	11	2012	2012	NUM
dem-11731	63	12	.	.	PUNCT
dem-11731	64	1	f	f	X
dem-11731	64	2	)	)	PUNCT
dem-11731	64	3	sun	sun	NOUN
dem-11731	64	4	hours	hour	NOUN
dem-11731	64	5	–	–	PUNCT
dem-11731	64	6	data	datum	NOUN
dem-11731	64	7	comes	come	VERB
dem-11731	64	8	from	from	ADP
dem-11731	64	9	world	world	NOUN
dem-11731	64	10	meteorological	meteorological	ADJ
dem-11731	64	11	organization	organization	NOUN
dem-11731	64	12	,	,	PUNCT
dem-11731	64	13	hong	hong	PROPN
dem-11731	64	14	kong	kong	PROPN
dem-11731	64	15	observatory	observatory	NOUN
dem-11731	64	16	and	and	CCONJ
dem-11731	64	17	national	national	ADJ
dem-11731	64	18	meteorological	meteorological	ADJ
dem-11731	64	19	institutes	institute	NOUN
dem-11731	64	20	of	of	ADP
dem-11731	64	21	analyzed	analyze	VERB
dem-11731	64	22	countries	country	NOUN
dem-11731	64	23	.	.	PUNCT
dem-11731	65	1	we	we	PRON
dem-11731	65	2	analyze	analyze	VERB
dem-11731	65	3	73	73	NUM
dem-11731	65	4	indexes	index	NOUN
dem-11731	65	5	that	that	PRON
dem-11731	65	6	cover	cover	VERB
dem-11731	65	7	68	68	NUM
dem-11731	65	8	3	3	NUM
dem-11731	65	9	countries	country	NOUN
dem-11731	65	10	and	and	CCONJ
dem-11731	65	11	2	2	NUM
dem-11731	65	12	non	non	ADJ
dem-11731	65	13	-	-	ADJ
dem-11731	65	14	country	country	ADJ
dem-11731	65	15	indexes	index	NOUN
dem-11731	65	16	(	(	PUNCT
dem-11731	65	17	msci	msci	PROPN
dem-11731	65	18	world	world	PROPN
dem-11731	65	19	and	and	CCONJ
dem-11731	65	20	crb	crb	PROPN
dem-11731	65	21	commodity	commodity	PROPN
dem-11731	65	22	index	index	PROPN
dem-11731	65	23	)	)	PUNCT
dem-11731	65	24	.	.	PUNCT
dem-11731	66	1	the	the	DET
dem-11731	66	2	selection	selection	NOUN
dem-11731	66	3	of	of	ADP
dem-11731	66	4	countries	country	NOUN
dem-11731	66	5	was	be	AUX
dem-11731	66	6	driven	drive	VERB
dem-11731	66	7	by	by	ADP
dem-11731	66	8	maximum	maximum	ADJ
dem-11731	66	9	possible	possible	ADJ
dem-11731	66	10	geographical	geographical	ADJ
dem-11731	66	11	coverage	coverage	NOUN
dem-11731	66	12	and	and	CCONJ
dem-11731	66	13	data	datum	NOUN
dem-11731	66	14	availability	availability	NOUN
dem-11731	66	15	.	.	PUNCT
dem-11731	67	1	3	3	X
dem-11731	67	2	.	.	X
dem-11731	67	3	methodology	methodology	NOUN
dem-11731	67	4	first	first	ADJ
dem-11731	67	5	objective	objective	NOUN
dem-11731	67	6	of	of	ADP
dem-11731	67	7	this	this	DET
dem-11731	67	8	study	study	NOUN
dem-11731	67	9	is	be	AUX
dem-11731	67	10	to	to	PART
dem-11731	67	11	find	find	VERB
dem-11731	67	12	presence	presence	NOUN
dem-11731	67	13	of	of	ADP
dem-11731	67	14	“	"	PUNCT
dem-11731	67	15	sell	sell	VERB
dem-11731	67	16	in	in	ADP
dem-11731	67	17	may	may	PRON
dem-11731	67	18	and	and	CCONJ
dem-11731	67	19	go	go	VERB
dem-11731	67	20	away	away	ADV
dem-11731	67	21	”	"	PUNCT
dem-11731	67	22	(	(	PUNCT
dem-11731	67	23	sim	sim	NOUN
dem-11731	67	24	)	)	PUNCT
dem-11731	67	25	and	and	CCONJ
dem-11731	67	26	halloween	halloween	PROPN
dem-11731	67	27	(	(	PUNCT
dem-11731	67	28	hal	hal	NOUN
dem-11731	67	29	)	)	PUNCT
dem-11731	67	30	effects	effect	NOUN
dem-11731	67	31	in	in	ADP
dem-11731	67	32	a	a	DET
dem-11731	67	33	group	group	NOUN
dem-11731	67	34	of	of	ADP
dem-11731	67	35	emerging	emerge	VERB
dem-11731	67	36	and	and	CCONJ
dem-11731	67	37	developed	develop	VERB
dem-11731	67	38	capital	capital	NOUN
dem-11731	67	39	markets	market	NOUN
dem-11731	67	40	.	.	PUNCT
dem-11731	68	1	for	for	ADP
dem-11731	68	2	this	this	DET
dem-11731	68	3	purpose	purpose	NOUN
dem-11731	68	4	we	we	PRON
dem-11731	68	5	used	use	VERB
dem-11731	68	6	methodology	methodology	NOUN
dem-11731	68	7	similar	similar	ADJ
dem-11731	68	8	to	to	PART
dem-11731	68	9	bouman	bouman	VERB
dem-11731	68	10	and	and	CCONJ
dem-11731	68	11	jacobsen	jacobsen	PROPN
dem-11731	68	12	(	(	PUNCT
dem-11731	68	13	2002	2002	NUM
dem-11731	68	14	)	)	PUNCT
dem-11731	68	15	.	.	PUNCT
dem-11731	69	1	our	our	PRON
dem-11731	69	2	second	second	ADJ
dem-11731	69	3	motive	motive	NOUN
dem-11731	69	4	is	be	AUX
dem-11731	69	5	to	to	PART
dem-11731	69	6	check	check	VERB
dem-11731	69	7	hypothesis	hypothesis	NOUN
dem-11731	69	8	of	of	ADP
dem-11731	69	9	significant	significant	ADJ
dem-11731	69	10	role	role	NOUN
dem-11731	69	11	of	of	ADP
dem-11731	69	12	daylight	daylight	NOUN
dem-11731	69	13	,	,	PUNCT
dem-11731	69	14	u.s	u.s	PROPN
dem-11731	69	15	.	.	PROPN
dem-11731	69	16	market	market	NOUN
dem-11731	69	17	sentiment	sentiment	NOUN
dem-11731	69	18	,	,	PUNCT
dem-11731	69	19	number	number	NOUN
dem-11731	69	20	of	of	ADP
dem-11731	69	21	ipos	ipos	NOUN
dem-11731	69	22	,	,	PUNCT
dem-11731	69	23	and	and	CCONJ
dem-11731	69	24	cci	cci	NOUN
dem-11731	69	25	as	as	ADP
dem-11731	69	26	possible	possible	ADJ
dem-11731	69	27	causes	cause	NOUN
dem-11731	69	28	of	of	ADP
dem-11731	69	29	this	this	DET
dem-11731	69	30	effect	effect	NOUN
dem-11731	69	31	.	.	PUNCT
dem-11731	70	1	we	we	PRON
dem-11731	70	2	also	also	ADV
dem-11731	70	3	examine	examine	VERB
dem-11731	70	4	investing	investing	NOUN
dem-11731	70	5	strategies	strategy	NOUN
dem-11731	70	6	starting	start	VERB
dem-11731	70	7	in	in	ADP
dem-11731	70	8	months	month	NOUN
dem-11731	70	9	other	other	ADJ
dem-11731	70	10	than	than	ADP
dem-11731	70	11	may	may	PROPN
dem-11731	70	12	.	.	PUNCT
dem-11731	71	1	our	our	PRON
dem-11731	71	2	tests	test	NOUN
dem-11731	71	3	imitate	imitate	VERB
dem-11731	71	4	strategy	strategy	NOUN
dem-11731	71	5	that	that	PRON
dem-11731	71	6	could	could	AUX
dem-11731	71	7	be	be	AUX
dem-11731	71	8	utilized	utilize	VERB
dem-11731	71	9	by	by	ADP
dem-11731	71	10	investors	investor	NOUN
dem-11731	71	11	on	on	ADP
dem-11731	71	12	stock	stock	NOUN
dem-11731	71	13	markets	market	NOUN
dem-11731	71	14	.	.	PUNCT
dem-11731	72	1	this	this	DET
dem-11731	72	2	approach	approach	NOUN
dem-11731	72	3	is	be	AUX
dem-11731	72	4	very	very	ADV
dem-11731	72	5	similar	similar	ADJ
dem-11731	72	6	to	to	PART
dem-11731	72	7	buy	buy	VERB
dem-11731	72	8	-	-	PUNCT
dem-11731	72	9	and	and	CCONJ
dem-11731	72	10	-	-	PUNCT
dem-11731	72	11	hold	hold	NOUN
dem-11731	72	12	except	except	SCONJ
dem-11731	72	13	that	that	SCONJ
dem-11731	72	14	it	it	PRON
dem-11731	72	15	keeps	keep	VERB
dem-11731	72	16	long	long	ADJ
dem-11731	72	17	position	position	NOUN
dem-11731	72	18	for	for	ADP
dem-11731	72	19	six	six	NUM
dem-11731	72	20	months	month	NOUN
dem-11731	72	21	of	of	ADP
dem-11731	72	22	each	each	DET
dem-11731	72	23	year	year	NOUN
dem-11731	72	24	and	and	CCONJ
dem-11731	72	25	during	during	ADP
dem-11731	72	26	the	the	DET
dem-11731	72	27	rest	rest	NOUN
dem-11731	72	28	of	of	ADP
dem-11731	72	29	the	the	DET
dem-11731	72	30	year	year	NOUN
dem-11731	72	31	it	it	PRON
dem-11731	72	32	takes	take	VERB
dem-11731	72	33	form	form	NOUN
dem-11731	72	34	of	of	ADP
dem-11731	72	35	passive	passive	ADJ
dem-11731	72	36	“	"	PUNCT
dem-11731	72	37	out	out	ADP
dem-11731	72	38	of	of	ADP
dem-11731	72	39	the	the	DET
dem-11731	72	40	market	market	NOUN
dem-11731	72	41	”	"	PUNCT
dem-11731	72	42	strategy	strategy	NOUN
dem-11731	72	43	.	.	PUNCT
dem-11731	73	1	we	we	PRON
dem-11731	73	2	are	be	AUX
dem-11731	73	3	examining	examine	VERB
dem-11731	73	4	if	if	SCONJ
dem-11731	73	5	the	the	DET
dem-11731	73	6	starting	start	VERB
dem-11731	73	7	month	month	NOUN
dem-11731	73	8	of	of	ADP
dem-11731	73	9	the	the	DET
dem-11731	73	10	strategy	strategy	NOUN
dem-11731	73	11	plays	play	VERB
dem-11731	73	12	any	any	DET
dem-11731	73	13	role	role	NOUN
dem-11731	73	14	and	and	CCONJ
dem-11731	73	15	creates	create	VERB
dem-11731	73	16	similar	similar	ADJ
dem-11731	73	17	to	to	ADP
dem-11731	73	18	sim	sim	ADJ
dem-11731	73	19	anomalies	anomaly	NOUN
dem-11731	73	20	and	and	CCONJ
dem-11731	73	21	if	if	SCONJ
dem-11731	73	22	yes	yes	ADV
dem-11731	73	23	,	,	PUNCT
dem-11731	73	24	could	could	AUX
dem-11731	73	25	it	it	PRON
dem-11731	73	26	be	be	AUX
dem-11731	73	27	explained	explain	VERB
dem-11731	73	28	by	by	ADP
dem-11731	73	29	set	set	NOUN
dem-11731	73	30	of	of	ADP
dem-11731	73	31	nonfundamental	nonfundamental	ADJ
dem-11731	73	32	variables	variable	NOUN
dem-11731	73	33	.	.	PUNCT
dem-11731	74	1	this	this	PRON
dem-11731	74	2	is	be	AUX
dem-11731	74	3	the	the	DET
dem-11731	74	4	third	third	ADJ
dem-11731	74	5	motive	motive	NOUN
dem-11731	74	6	of	of	ADP
dem-11731	74	7	our	our	PRON
dem-11731	74	8	study	study	NOUN
dem-11731	74	9	–	–	PUNCT
dem-11731	74	10	to	to	PART
dem-11731	74	11	check	check	VERB
dem-11731	74	12	if	if	SCONJ
dem-11731	74	13	behavioral	behavioral	ADJ
dem-11731	74	14	variables	variable	NOUN
dem-11731	74	15	as	as	SCONJ
dem-11731	74	16	postulated	postulate	VERB
dem-11731	74	17	in	in	ADP
dem-11731	74	18	doeswijk	doeswijk	X
dem-11731	74	19	(	(	PUNCT
dem-11731	74	20	2008	2008	NUM
dem-11731	74	21	)	)	PUNCT
dem-11731	74	22	are	be	AUX
dem-11731	74	23	responsible	responsible	ADJ
dem-11731	74	24	for	for	ADP
dem-11731	74	25	sim	sim	NOUN
dem-11731	74	26	/	/	SYM
dem-11731	74	27	hal	hal	PROPN
dem-11731	74	28	and	and	CCONJ
dem-11731	74	29	similar	similar	ADJ
dem-11731	74	30	effects	effect	NOUN
dem-11731	74	31	.	.	PUNCT
dem-11731	75	1	to	to	PART
dem-11731	75	2	identify	identify	VERB
dem-11731	75	3	sim	sim	ADJ
dem-11731	75	4	and	and	CCONJ
dem-11731	75	5	other	other	ADJ
dem-11731	75	6	month	month	NOUN
dem-11731	75	7	’s	’s	PART
dem-11731	75	8	seasonal	seasonal	ADJ
dem-11731	75	9	effects	effect	NOUN
dem-11731	75	10	we	we	PRON
dem-11731	75	11	run	run	VERB
dem-11731	75	12	following	follow	VERB
dem-11731	75	13	time	time	NOUN
dem-11731	75	14	series	series	PROPN
dem-11731	75	15	regressions	regression	NOUN
dem-11731	75	16	(	(	PUNCT
dem-11731	75	17	1	1	NUM
dem-11731	75	18	)	)	PUNCT
dem-11731	75	19	or	or	CCONJ
dem-11731	75	20	(	(	PUNCT
dem-11731	75	21	2	2	NUM
dem-11731	75	22	)	)	PUNCT
dem-11731	75	23	for	for	ADP
dem-11731	75	24	each	each	DET
dem-11731	75	25	market	market	NOUN
dem-11731	75	26	:	:	PUNCT
dem-11731	75	27	,	,	PUNCT
dem-11731	75	28	(	(	PUNCT
dem-11731	75	29	1	1	X
dem-11731	75	30	)	)	PUNCT
dem-11731	75	31	if	if	SCONJ
dem-11731	75	32	strategy	strategy	NOUN
dem-11731	75	33	include	include	VERB
dem-11731	75	34	january	january	PROPN
dem-11731	75	35	,	,	PUNCT
dem-11731	75	36	or	or	CCONJ
dem-11731	75	37	:	:	PUNCT
dem-11731	75	38	,	,	PUNCT
dem-11731	75	39	(	(	PUNCT
dem-11731	75	40	2	2	X
dem-11731	75	41	)	)	PUNCT
dem-11731	75	42	3	3	NUM
dem-11731	75	43	us	we	PRON
dem-11731	75	44	and	and	CCONJ
dem-11731	75	45	chinese	chinese	ADJ
dem-11731	75	46	markets	market	NOUN
dem-11731	75	47	are	be	AUX
dem-11731	75	48	represented	represent	VERB
dem-11731	75	49	by	by	ADP
dem-11731	75	50	accordingly	accordingly	ADV
dem-11731	75	51	three	three	NUM
dem-11731	75	52	and	and	CCONJ
dem-11731	75	53	two	two	NUM
dem-11731	75	54	indexes	index	NOUN
dem-11731	75	55	.	.	PUNCT
dem-11731	76	1	“	"	PUNCT
dem-11731	76	2	sell	sell	VERB
dem-11731	76	3	not	not	PART
dem-11731	76	4	only	only	ADV
dem-11731	76	5	in	in	ADP
dem-11731	76	6	may	may	PROPN
dem-11731	76	7	”	"	PUNCT
dem-11731	76	8	.	.	PUNCT
dem-11731	77	1	seasonal	seasonal	ADJ
dem-11731	77	2	effect	effect	NOUN
dem-11731	77	3	on	on	ADP
dem-11731	77	4	stock	stock	NOUN
dem-11731	77	5	markets	market	NOUN
dem-11731	77	6	dynamic	dynamic	ADJ
dem-11731	77	7	econometric	econometric	ADJ
dem-11731	77	8	models	model	NOUN
dem-11731	77	9	17	17	NUM
dem-11731	77	10	(	(	PUNCT
dem-11731	77	11	2017	2017	NUM
dem-11731	77	12	)	)	PUNCT
dem-11731	77	13	7–18	7–18	NOUN
dem-11731	77	14	9	9	NUM
dem-11731	77	15	if	if	SCONJ
dem-11731	77	16	strategy	strategy	NOUN
dem-11731	77	17	does	do	AUX
dem-11731	77	18	not	not	PART
dem-11731	77	19	include	include	VERB
dem-11731	77	20	january	january	PROPN
dem-11731	77	21	.	.	PUNCT
dem-11731	78	1	where	where	SCONJ
dem-11731	78	2	:	:	PUNCT
dem-11731	78	3	is	be	AUX
dem-11731	78	4	the	the	DET
dem-11731	78	5	monthly	monthly	ADJ
dem-11731	78	6	rate	rate	NOUN
dem-11731	78	7	of	of	ADP
dem-11731	78	8	return	return	NOUN
dem-11731	78	9	calculated	calculate	VERB
dem-11731	78	10	for	for	ADP
dem-11731	78	11	i	i	PROPN
dem-11731	78	12	-	-	PUNCT
dem-11731	78	13	th	th	VERB
dem-11731	78	14	market	market	NOUN
dem-11731	78	15	index	index	NOUN
dem-11731	78	16	(	(	PUNCT
dem-11731	78	17	from	from	ADP
dem-11731	78	18	1	1	NUM
dem-11731	78	19	to	to	ADP
dem-11731	78	20	73	73	NUM
dem-11731	78	21	)	)	PUNCT
dem-11731	78	22	,	,	PUNCT
dem-11731	78	23	is	be	AUX
dem-11731	78	24	the	the	DET
dem-11731	78	25	dummy	dummy	ADJ
dem-11731	78	26	variable	variable	NOUN
dem-11731	78	27	equal	equal	ADJ
dem-11731	78	28	1	1	NUM
dem-11731	78	29	when	when	SCONJ
dem-11731	78	30	month	month	NOUN
dem-11731	78	31	t	t	NOUN
dem-11731	78	32	falling	fall	VERB
dem-11731	78	33	into	into	ADP
dem-11731	78	34	the	the	DET
dem-11731	78	35	period	period	NOUN
dem-11731	78	36	of	of	ADP
dem-11731	78	37	6	6	NUM
dem-11731	78	38	-	-	PUNCT
dem-11731	78	39	months	month	NOUN
dem-11731	78	40	strategy	strategy	NOUN
dem-11731	78	41	initiated	initiate	VERB
dem-11731	78	42	in	in	ADP
dem-11731	78	43	the	the	DET
dem-11731	78	44	last	last	ADJ
dem-11731	78	45	day	day	NOUN
dem-11731	78	46	of	of	ADP
dem-11731	78	47	month	month	NOUN
dem-11731	78	48	mon	mon	PROPN
dem-11731	78	49	(	(	PUNCT
dem-11731	78	50	except	except	SCONJ
dem-11731	78	51	jan	jan	PROPN
dem-11731	78	52	)	)	PUNCT
dem-11731	78	53	and	and	CCONJ
dem-11731	78	54	finishing	finish	VERB
dem-11731	78	55	in	in	ADP
dem-11731	78	56	last	last	ADJ
dem-11731	78	57	day	day	NOUN
dem-11731	78	58	of	of	ADP
dem-11731	78	59	month	month	NOUN
dem-11731	78	60	mon	mon	NOUN
dem-11731	79	1	+	+	CCONJ
dem-11731	79	2	6	6	NUM
dem-11731	79	3	(	(	PUNCT
dem-11731	79	4	except	except	SCONJ
dem-11731	79	5	jan	jan	PROPN
dem-11731	79	6	)	)	PUNCT
dem-11731	79	7	and	and	CCONJ
dem-11731	79	8	0	0	NUM
dem-11731	79	9	otherwise	otherwise	ADV
dem-11731	79	10	.	.	PUNCT
dem-11731	80	1	is	be	AUX
dem-11731	80	2	the	the	DET
dem-11731	80	3	dummy	dummy	ADJ
dem-11731	80	4	variable	variable	NOUN
dem-11731	80	5	equal	equal	ADJ
dem-11731	80	6	1	1	NUM
dem-11731	80	7	when	when	SCONJ
dem-11731	80	8	(	(	PUNCT
dem-11731	80	9	t	t	PROPN
dem-11731	80	10	=	=	PROPN
dem-11731	80	11	jan	jan	PROPN
dem-11731	80	12	)	)	PUNCT
dem-11731	80	13	,	,	PUNCT
dem-11731	80	14	0	0	NUM
dem-11731	80	15	otherwise	otherwise	ADV
dem-11731	80	16	.	.	PUNCT
dem-11731	81	1	is	be	AUX
dem-11731	81	2	the	the	DET
dem-11731	81	3	dummy	dummy	ADJ
dem-11731	81	4	variable	variable	NOUN
dem-11731	81	5	equal	equal	ADJ
dem-11731	81	6	1	1	NUM
dem-11731	81	7	when	when	SCONJ
dem-11731	81	8	month	month	NOUN
dem-11731	81	9	t	t	NOUN
dem-11731	81	10	falling	fall	VERB
dem-11731	81	11	into	into	ADP
dem-11731	81	12	the	the	DET
dem-11731	81	13	period	period	NOUN
dem-11731	81	14	of	of	ADP
dem-11731	81	15	6	6	NUM
dem-11731	81	16	-	-	PUNCT
dem-11731	81	17	months	month	NOUN
dem-11731	81	18	strategy	strategy	NOUN
dem-11731	81	19	initiated	initiate	VERB
dem-11731	81	20	in	in	ADP
dem-11731	81	21	the	the	DET
dem-11731	81	22	last	last	ADJ
dem-11731	81	23	day	day	NOUN
dem-11731	81	24	of	of	ADP
dem-11731	81	25	month	month	NOUN
dem-11731	81	26	mon	mon	PROPN
dem-11731	81	27	and	and	CCONJ
dem-11731	81	28	finishing	finish	VERB
dem-11731	81	29	in	in	ADP
dem-11731	81	30	last	last	ADJ
dem-11731	81	31	day	day	NOUN
dem-11731	81	32	of	of	ADP
dem-11731	81	33	month	month	NOUN
dem-11731	81	34	mon	mon	NOUN
dem-11731	81	35	+	+	CCONJ
dem-11731	81	36	6	6	NUM
dem-11731	81	37	and	and	CCONJ
dem-11731	81	38	0	0	NUM
dem-11731	81	39	otherwise	otherwise	ADV
dem-11731	81	40	;	;	PUNCT
dem-11731	81	41	t	t	PROPN
dem-11731	81	42	symbolize	symbolize	NOUN
dem-11731	81	43	time	time	NOUN
dem-11731	81	44	and	and	CCONJ
dem-11731	81	45	mon	mon	PROPN
dem-11731	81	46	symbolize	symbolize	PROPN
dem-11731	81	47	months	month	NOUN
dem-11731	81	48	(	(	PUNCT
dem-11731	81	49	jan	jan	PROPN
dem-11731	81	50	,	,	PUNCT
dem-11731	81	51	feb	feb	PROPN
dem-11731	81	52	,	,	PUNCT
dem-11731	81	53	…	…	PUNCT
dem-11731	81	54	,	,	PUNCT
dem-11731	81	55	dec	dec	PROPN
dem-11731	81	56	)	)	PUNCT
dem-11731	81	57	.	.	PUNCT
dem-11731	82	1	for	for	ADP
dem-11731	82	2	instance	instance	NOUN
dem-11731	82	3	if	if	SCONJ
dem-11731	82	4	we	we	PRON
dem-11731	82	5	analyze	analyze	VERB
dem-11731	82	6	strategy	strategy	NOUN
dem-11731	82	7	starting	start	VERB
dem-11731	82	8	in	in	ADP
dem-11731	82	9	last	last	ADJ
dem-11731	82	10	day	day	NOUN
dem-11731	82	11	of	of	ADP
dem-11731	82	12	april	april	PROPN
dem-11731	82	13	(	(	PUNCT
dem-11731	82	14	mon	mon	PROPN
dem-11731	82	15	=	=	SYM
dem-11731	82	16	apr	apr	PROPN
dem-11731	82	17	)	)	PUNCT
dem-11731	82	18	regression	regression	NOUN
dem-11731	82	19	(	(	PUNCT
dem-11731	82	20	1	1	X
dem-11731	82	21	)	)	PUNCT
dem-11731	82	22	takes	take	VERB
dem-11731	82	23	the	the	DET
dem-11731	82	24	following	follow	VERB
dem-11731	82	25	form	form	NOUN
dem-11731	82	26	:	:	PUNCT
dem-11731	82	27	and	and	CCONJ
dem-11731	82	28	means	mean	VERB
dem-11731	82	29	that	that	SCONJ
dem-11731	82	30	dummy	dummy	ADJ
dem-11731	82	31	variable	variable	NOUN
dem-11731	82	32	is	be	AUX
dem-11731	82	33	equal	equal	ADJ
dem-11731	82	34	1	1	NUM
dem-11731	82	35	for	for	ADP
dem-11731	82	36	months	month	NOUN
dem-11731	82	37	may	may	AUX
dem-11731	82	38	till	till	SCONJ
dem-11731	82	39	oct	oct	PROPN
dem-11731	82	40	and	and	CCONJ
dem-11731	82	41	0	0	NUM
dem-11731	82	42	otherwise	otherwise	ADV
dem-11731	82	43	4	4	NUM
dem-11731	82	44	.	.	PUNCT
dem-11731	83	1	in	in	ADP
dem-11731	83	2	the	the	DET
dem-11731	83	3	case	case	NOUN
dem-11731	83	4	of	of	ADP
dem-11731	83	5	strategy	strategy	NOUN
dem-11731	83	6	starting	start	VERB
dem-11731	83	7	in	in	ADP
dem-11731	83	8	last	last	ADJ
dem-11731	83	9	day	day	NOUN
dem-11731	83	10	of	of	ADP
dem-11731	83	11	october	october	PROPN
dem-11731	83	12	(	(	PUNCT
dem-11731	83	13	mon	mon	PROPN
dem-11731	83	14	=	=	SYM
dem-11731	83	15	oct	oct	PROPN
dem-11731	83	16	)	)	PUNCT
dem-11731	83	17	regression	regression	NOUN
dem-11731	83	18	(	(	PUNCT
dem-11731	83	19	2	2	X
dem-11731	83	20	)	)	PUNCT
dem-11731	83	21	takes	take	VERB
dem-11731	83	22	form	form	NOUN
dem-11731	83	23	of	of	ADP
dem-11731	83	24	:	:	PUNCT
dem-11731	83	25	and	and	CCONJ
dem-11731	83	26	means	mean	VERB
dem-11731	83	27	that	that	SCONJ
dem-11731	83	28	dummy	dummy	ADJ
dem-11731	83	29	variable	variable	NOUN
dem-11731	83	30	is	be	AUX
dem-11731	83	31	equal	equal	ADJ
dem-11731	83	32	1	1	NUM
dem-11731	83	33	for	for	ADP
dem-11731	83	34	months	month	NOUN
dem-11731	83	35	nov	nov	PROPN
dem-11731	83	36	,	,	PUNCT
dem-11731	83	37	dec	dec	PROPN
dem-11731	83	38	,	,	PUNCT
dem-11731	83	39	feb	feb	PROPN
dem-11731	83	40	,	,	PUNCT
dem-11731	83	41	mar	mar	PROPN
dem-11731	83	42	,	,	PUNCT
dem-11731	83	43	apr	apr	NOUN
dem-11731	83	44	and	and	CCONJ
dem-11731	83	45	0	0	NUM
dem-11731	83	46	otherwise	otherwise	ADV
dem-11731	83	47	.	.	PUNCT
dem-11731	84	1	dummy	dummy	ADJ
dem-11731	84	2	variable	variable	NOUN
dem-11731	84	3	is	be	AUX
dem-11731	84	4	equal	equal	ADJ
dem-11731	84	5	1	1	NUM
dem-11731	84	6	for	for	ADP
dem-11731	84	7	jan	jan	PROPN
dem-11731	84	8	and	and	CCONJ
dem-11731	84	9	0	0	NUM
dem-11731	84	10	otherwise	otherwise	ADV
dem-11731	84	11	.	.	PUNCT
dem-11731	85	1	in	in	ADP
dem-11731	85	2	this	this	DET
dem-11731	85	3	part	part	NOUN
dem-11731	85	4	of	of	ADP
dem-11731	85	5	the	the	DET
dem-11731	85	6	research	research	NOUN
dem-11731	85	7	we	we	PRON
dem-11731	85	8	estimated	estimate	VERB
dem-11731	85	9	876	876	NUM
dem-11731	85	10	regressions	regression	NOUN
dem-11731	85	11	(	(	PUNCT
dem-11731	85	12	73	73	NUM
dem-11731	85	13	markets	market	NOUN
dem-11731	85	14	times	time	NOUN
dem-11731	85	15	12	12	NUM
dem-11731	85	16	different	different	ADJ
dem-11731	85	17	starting	starting	NOUN
dem-11731	85	18	months	month	NOUN
dem-11731	85	19	for	for	ADP
dem-11731	85	20	our	our	PRON
dem-11731	85	21	strategies	strategy	NOUN
dem-11731	85	22	)	)	PUNCT
dem-11731	85	23	.	.	PUNCT
dem-11731	86	1	in	in	ADP
dem-11731	86	2	these	these	DET
dem-11731	86	3	regressions	regression	NOUN
dem-11731	86	4	we	we	PRON
dem-11731	86	5	used	use	VERB
dem-11731	86	6	estimation	estimation	NOUN
dem-11731	86	7	method	method	NOUN
dem-11731	86	8	introduced	introduce	VERB
dem-11731	86	9	by	by	ADP
dem-11731	86	10	huber	huber	PROPN
dem-11731	86	11	(	(	PUNCT
dem-11731	86	12	1973	1973	NUM
dem-11731	86	13	)	)	PUNCT
dem-11731	86	14	(	(	PUNCT
dem-11731	86	15	function	function	PROPN
dem-11731	86	16	rlm	rlm	PROPN
dem-11731	86	17	(	(	PUNCT
dem-11731	86	18	)	)	PUNCT
dem-11731	86	19	in	in	ADP
dem-11731	86	20	r	r	NOUN
dem-11731	86	21	program	program	NOUN
dem-11731	86	22	)	)	PUNCT
dem-11731	86	23	5	5	NUM
dem-11731	86	24	.	.	PUNCT
dem-11731	87	1	we	we	PRON
dem-11731	87	2	run	run	VERB
dem-11731	87	3	regressions	regression	NOUN
dem-11731	87	4	(	(	PUNCT
dem-11731	87	5	1	1	NUM
dem-11731	87	6	)	)	PUNCT
dem-11731	87	7	and	and	CCONJ
dem-11731	87	8	(	(	PUNCT
dem-11731	87	9	2	2	X
dem-11731	87	10	)	)	PUNCT
dem-11731	87	11	with	with	ADP
dem-11731	87	12	controlling	control	VERB
dem-11731	87	13	(	(	PUNCT
dem-11731	87	14	when	when	SCONJ
dem-11731	87	15	possible	possible	ADJ
dem-11731	87	16	–	–	PUNCT
dem-11731	87	17	i.e.	i.e.	X
dem-11731	87	18	on	on	ADP
dem-11731	87	19	30	30	NUM
dem-11731	87	20	markets	market	NOUN
dem-11731	87	21	due	due	ADJ
dem-11731	87	22	to	to	ADP
dem-11731	87	23	unavailability	unavailability	NOUN
dem-11731	87	24	of	of	ADP
dem-11731	87	25	data	datum	NOUN
dem-11731	87	26	for	for	ADP
dem-11731	87	27	other	other	ADJ
dem-11731	87	28	markets	market	NOUN
dem-11731	87	29	)	)	PUNCT
dem-11731	87	30	for	for	ADP
dem-11731	87	31	growth	growth	NOUN
dem-11731	87	32	rate	rate	NOUN
dem-11731	87	33	of	of	ADP
dem-11731	87	34	industrial	industrial	ADJ
dem-11731	87	35	production	production	NOUN
dem-11731	87	36	as	as	ADP
dem-11731	87	37	macroeconomic	macroeconomic	ADJ
dem-11731	87	38	measure	measure	NOUN
dem-11731	87	39	of	of	ADP
dem-11731	87	40	business	business	NOUN
dem-11731	87	41	cycle	cycle	NOUN
dem-11731	87	42	and	and	CCONJ
dem-11731	87	43	consumer	consumer	NOUN
dem-11731	87	44	confidence	confidence	NOUN
dem-11731	87	45	index	index	NOUN
dem-11731	87	46	–	–	PUNCT
dem-11731	87	47	expressing	express	VERB
dem-11731	87	48	consumer	consumer	NOUN
dem-11731	87	49	confidence	confidence	NOUN
dem-11731	87	50	that	that	PRON
dem-11731	87	51	can	can	AUX
dem-11731	87	52	be	be	AUX
dem-11731	87	53	proxy	proxy	NOUN
dem-11731	87	54	of	of	ADP
dem-11731	87	55	investor	investor	NOUN
dem-11731	87	56	sentiment	sentiment	NOUN
dem-11731	87	57	(	(	PUNCT
dem-11731	87	58	as	as	ADP
dem-11731	87	59	in	in	ADP
dem-11731	87	60	e.g.	e.g.	ADV
dem-11731	87	61	qiu	qiu	PROPN
dem-11731	87	62	,	,	PUNCT
dem-11731	87	63	welch	welch	PROPN
dem-11731	87	64	,	,	PUNCT
dem-11731	87	65	2006	2006	NUM
dem-11731	87	66	)	)	PUNCT
dem-11731	87	67	.	.	PUNCT
dem-11731	88	1	after	after	ADP
dem-11731	88	2	identification	identification	NOUN
dem-11731	88	3	of	of	ADP
dem-11731	88	4	seasonal	seasonal	ADJ
dem-11731	88	5	effects	effect	NOUN
dem-11731	88	6	we	we	PRON
dem-11731	88	7	moved	move	VERB
dem-11731	88	8	to	to	ADP
dem-11731	88	9	examining	examine	VERB
dem-11731	88	10	possible	possible	ADJ
dem-11731	88	11	explanations	explanation	NOUN
dem-11731	88	12	of	of	ADP
dem-11731	88	13	them	they	PRON
dem-11731	88	14	.	.	PUNCT
dem-11731	89	1	for	for	ADP
dem-11731	89	2	ten	ten	NUM
dem-11731	89	3	markets	market	NOUN
dem-11731	89	4	with	with	ADP
dem-11731	89	5	longest	long	ADJ
dem-11731	89	6	available	available	ADJ
dem-11731	89	7	ipo	ipo	NOUN
dem-11731	89	8	history	history	NOUN
dem-11731	89	9	(	(	PUNCT
dem-11731	89	10	us	us	PROPN
dem-11731	89	11	,	,	PUNCT
dem-11731	89	12	uk	uk	PROPN
dem-11731	89	13	,	,	PUNCT
dem-11731	89	14	japan	japan	PROPN
dem-11731	89	15	,	,	PUNCT
dem-11731	89	16	canada	canada	PROPN
dem-11731	89	17	,	,	PUNCT
dem-11731	89	18	australia	australia	PROPN
dem-11731	89	19	,	,	PUNCT
dem-11731	89	20	china	china	PROPN
dem-11731	89	21	,	,	PUNCT
dem-11731	89	22	hong	hong	PROPN
dem-11731	89	23	kong	kong	PROPN
dem-11731	89	24	,	,	PUNCT
dem-11731	89	25	india	india	PROPN
dem-11731	89	26	,	,	PUNCT
dem-11731	89	27	south	south	PROPN
dem-11731	89	28	korea	korea	PROPN
dem-11731	89	29	and	and	CCONJ
dem-11731	89	30	taiwan	taiwan	PROPN
dem-11731	89	31	)	)	PUNCT
dem-11731	89	32	we	we	PRON
dem-11731	89	33	can	can	AUX
dem-11731	89	34	run	run	VERB
dem-11731	89	35	time	time	NOUN
dem-11731	89	36	series	series	NOUN
dem-11731	89	37	regressions	regression	NOUN
dem-11731	89	38	where	where	SCONJ
dem-11731	89	39	number	number	NOUN
dem-11731	89	40	of	of	ADP
dem-11731	89	41	ipos	ipos	PROPN
dem-11731	89	42	,	,	PUNCT
dem-11731	89	43	u.s	u.s	PROPN
dem-11731	89	44	.	.	PROPN
dem-11731	89	45	market	market	NOUN
dem-11731	89	46	sentiment	sentiment	NOUN
dem-11731	89	47	,	,	PUNCT
dem-11731	89	48	macroeconomic	macroeconomic	ADJ
dem-11731	89	49	variable	variable	NOUN
dem-11731	89	50	controlling	control	VERB
dem-11731	89	51	for	for	ADP
dem-11731	89	52	cyclical	cyclical	ADJ
dem-11731	89	53	changes	change	NOUN
dem-11731	89	54	(	(	PUNCT
dem-11731	89	55	industrial	industrial	ADJ
dem-11731	89	56	production	production	NOUN
dem-11731	89	57	)	)	PUNCT
dem-11731	89	58	and	and	CCONJ
dem-11731	89	59	dummy	dummy	ADJ
dem-11731	89	60	variable	variable	NOUN
dem-11731	89	61	representing	represent	VERB
dem-11731	89	62	each	each	DET
dem-11731	89	63	month	month	NOUN
dem-11731	89	64	,	,	PUNCT
dem-11731	89	65	describe	describe	VERB
dem-11731	89	66	rates	rate	NOUN
dem-11731	89	67	of	of	ADP
dem-11731	89	68	return	return	NOUN
dem-11731	89	69	of	of	ADP
dem-11731	89	70	selected	select	VERB
dem-11731	89	71	market	market	NOUN
dem-11731	89	72	indices	index	NOUN
dem-11731	89	73	.	.	PUNCT
dem-11731	90	1	in	in	ADP
dem-11731	90	2	this	this	DET
dem-11731	90	3	approach	approach	NOUN
dem-11731	90	4	we	we	PRON
dem-11731	90	5	assume	assume	VERB
dem-11731	90	6	ad	ad	X
dem-11731	90	7	hoc	hoc	X
dem-11731	90	8	that	that	SCONJ
dem-11731	90	9	4	4	NUM
dem-11731	90	10	we	we	PRON
dem-11731	90	11	analyze	analyze	VERB
dem-11731	90	12	monthly	monthly	ADJ
dem-11731	90	13	rates	rate	NOUN
dem-11731	90	14	of	of	ADP
dem-11731	90	15	return	return	NOUN
dem-11731	90	16	,	,	PUNCT
dem-11731	90	17	but	but	CCONJ
dem-11731	90	18	strategy	strategy	NOUN
dem-11731	90	19	is	be	AUX
dem-11731	90	20	named	name	VERB
dem-11731	90	21	after	after	ADP
dem-11731	90	22	the	the	DET
dem-11731	90	23	level	level	NOUN
dem-11731	90	24	of	of	ADP
dem-11731	90	25	index	index	NOUN
dem-11731	90	26	in	in	ADP
dem-11731	90	27	given	give	VERB
dem-11731	90	28	month	month	NOUN
dem-11731	90	29	so	so	SCONJ
dem-11731	90	30	when	when	SCONJ
dem-11731	90	31	strategy	strategy	NOUN
dem-11731	90	32	starts	start	VERB
dem-11731	90	33	in	in	ADP
dem-11731	90	34	the	the	DET
dem-11731	90	35	last	last	ADJ
dem-11731	90	36	day	day	NOUN
dem-11731	90	37	of	of	ADP
dem-11731	90	38	month	month	NOUN
dem-11731	90	39	mon	mon	PROPN
dem-11731	90	40	,	,	PUNCT
dem-11731	90	41	the	the	DET
dem-11731	90	42	first	first	ADJ
dem-11731	90	43	rate	rate	NOUN
dem-11731	90	44	of	of	ADP
dem-11731	90	45	return	return	NOUN
dem-11731	90	46	is	be	AUX
dem-11731	90	47	for	for	ADP
dem-11731	90	48	month	month	NOUN
dem-11731	90	49	mon+1	mon+1	NOUN
dem-11731	90	50	.	.	PUNCT
dem-11731	91	1	5	5	NUM
dem-11731	91	2	relying	rely	VERB
dem-11731	91	3	on	on	ADP
dem-11731	91	4	jacobsen	jacobsen	PROPN
dem-11731	91	5	and	and	CCONJ
dem-11731	91	6	zhang	zhang	PROPN
dem-11731	91	7	(	(	PUNCT
dem-11731	91	8	2012a	2012a	NUM
dem-11731	91	9	)	)	PUNCT
dem-11731	91	10	where	where	SCONJ
dem-11731	91	11	coefficients	coefficient	NOUN
dem-11731	91	12	obtained	obtain	VERB
dem-11731	91	13	from	from	ADP
dem-11731	91	14	garch	garch	NOUN
dem-11731	91	15	and	and	CCONJ
dem-11731	91	16	ols	ol	NOUN
dem-11731	91	17	models	model	NOUN
dem-11731	91	18	are	be	AUX
dem-11731	91	19	similar	similar	ADJ
dem-11731	91	20	we	we	PRON
dem-11731	91	21	did	do	AUX
dem-11731	91	22	not	not	PART
dem-11731	91	23	run	run	VERB
dem-11731	91	24	garch	garch	NOUN
dem-11731	91	25	regressions	regression	NOUN
dem-11731	91	26	.	.	PUNCT
dem-11731	92	1	tomasz	tomasz	PROPN
dem-11731	92	2	schabek	schabek	PROPN
dem-11731	92	3	,	,	PUNCT
dem-11731	92	4	henrique	henrique	PROPN
dem-11731	92	5	castro	castro	PROPN
dem-11731	92	6	dynamic	dynamic	ADJ
dem-11731	92	7	econometric	econometric	ADJ
dem-11731	92	8	models	model	NOUN
dem-11731	92	9	17	17	NUM
dem-11731	92	10	(	(	PUNCT
dem-11731	92	11	2017	2017	NUM
dem-11731	92	12	)	)	PUNCT
dem-11731	92	13	5–18	5–18	NUM
dem-11731	92	14	10	10	NUM
dem-11731	92	15	sentiment	sentiment	NOUN
dem-11731	92	16	of	of	ADP
dem-11731	92	17	u.s	u.s	PROPN
dem-11731	92	18	.	.	PROPN
dem-11731	92	19	investors	investor	NOUN
dem-11731	92	20	affects	affect	VERB
dem-11731	92	21	other	other	ADJ
dem-11731	92	22	markets	market	NOUN
dem-11731	92	23	because	because	SCONJ
dem-11731	92	24	of	of	ADP
dem-11731	92	25	large	large	ADJ
dem-11731	92	26	capital	capital	NOUN
dem-11731	92	27	flows	flow	NOUN
dem-11731	92	28	and	and	CCONJ
dem-11731	92	29	primary	primary	ADJ
dem-11731	92	30	role	role	NOUN
dem-11731	92	31	of	of	ADP
dem-11731	92	32	american	american	ADJ
dem-11731	92	33	stock	stock	PROPN
dem-11731	92	34	exchange	exchange	PROPN
dem-11731	92	35	.	.	PUNCT
dem-11731	93	1	there	there	PRON
dem-11731	93	2	is	be	VERB
dem-11731	93	3	no	no	DET
dem-11731	93	4	stock	stock	NOUN
dem-11731	93	5	market	market	NOUN
dem-11731	93	6	related	relate	VERB
dem-11731	93	7	6	6	NUM
dem-11731	93	8	sentiment	sentiment	NOUN
dem-11731	93	9	index	index	NOUN
dem-11731	93	10	data	datum	NOUN
dem-11731	93	11	for	for	ADP
dem-11731	93	12	other	other	ADJ
dem-11731	93	13	than	than	ADP
dem-11731	93	14	us	us	PROPN
dem-11731	93	15	countries	country	NOUN
dem-11731	93	16	publically	publically	ADV
dem-11731	93	17	available	available	ADJ
dem-11731	93	18	.	.	PUNCT
dem-11731	94	1	we	we	PRON
dem-11731	94	2	also	also	ADV
dem-11731	94	3	used	use	VERB
dem-11731	94	4	the	the	DET
dem-11731	94	5	proxy	proxy	NOUN
dem-11731	94	6	of	of	ADP
dem-11731	94	7	stock	stock	NOUN
dem-11731	94	8	market	market	NOUN
dem-11731	94	9	sentiment	sentiment	NOUN
dem-11731	94	10	for	for	ADP
dem-11731	94	11	other	other	ADJ
dem-11731	94	12	markets	market	NOUN
dem-11731	94	13	–	–	PUNCT
dem-11731	94	14	consumer	consumer	NOUN
dem-11731	94	15	confidence	confidence	NOUN
dem-11731	94	16	indicator	indicator	NOUN
dem-11731	94	17	,	,	PUNCT
dem-11731	94	18	delivered	deliver	VERB
dem-11731	94	19	by	by	ADP
dem-11731	94	20	oecd	oecd	PROPN
dem-11731	94	21	.	.	PUNCT
dem-11731	95	1	we	we	PRON
dem-11731	95	2	could	could	AUX
dem-11731	95	3	not	not	PART
dem-11731	95	4	conduct	conduct	VERB
dem-11731	95	5	this	this	DET
dem-11731	95	6	analysis	analysis	NOUN
dem-11731	95	7	for	for	ADP
dem-11731	95	8	all	all	DET
dem-11731	95	9	the	the	DET
dem-11731	95	10	markets	market	NOUN
dem-11731	95	11	in	in	ADP
dem-11731	95	12	our	our	PRON
dem-11731	95	13	sample	sample	NOUN
dem-11731	95	14	due	due	ADP
dem-11731	95	15	to	to	ADP
dem-11731	95	16	not	not	PART
dem-11731	95	17	enough	enough	ADJ
dem-11731	95	18	ipo	ipo	NOUN
dem-11731	95	19	observation	observation	NOUN
dem-11731	95	20	and	and	CCONJ
dem-11731	95	21	lack	lack	NOUN
dem-11731	95	22	of	of	ADP
dem-11731	95	23	sentiment	sentiment	NOUN
dem-11731	95	24	data	datum	NOUN
dem-11731	95	25	,	,	PUNCT
dem-11731	95	26	therefore	therefore	ADV
dem-11731	95	27	we	we	PRON
dem-11731	95	28	chose	choose	VERB
dem-11731	95	29	only	only	ADV
dem-11731	95	30	ten	ten	NUM
dem-11731	95	31	mentioned	mention	VERB
dem-11731	95	32	above	above	ADP
dem-11731	95	33	markets	market	NOUN
dem-11731	95	34	.	.	PUNCT
dem-11731	96	1	ten	ten	NUM
dem-11731	96	2	regressions	regression	NOUN
dem-11731	96	3	for	for	ADP
dem-11731	96	4	each	each	DET
dem-11731	96	5	market	market	NOUN
dem-11731	96	6	used	use	VERB
dem-11731	96	7	in	in	ADP
dem-11731	96	8	this	this	DET
dem-11731	96	9	part	part	NOUN
dem-11731	96	10	of	of	ADP
dem-11731	96	11	analysis	analysis	NOUN
dem-11731	96	12	take	take	VERB
dem-11731	96	13	form	form	NOUN
dem-11731	96	14	of	of	ADP
dem-11731	96	15	equation	equation	NOUN
dem-11731	96	16	(	(	PUNCT
dem-11731	96	17	3	3	NUM
dem-11731	96	18	):	):	PUNCT
dem-11731	96	19	,	,	PUNCT
dem-11731	96	20	(	(	PUNCT
dem-11731	96	21	3	3	X
dem-11731	96	22	)	)	PUNCT
dem-11731	96	23	where	where	SCONJ
dem-11731	96	24	:	:	PUNCT
dem-11731	96	25	is	be	AUX
dem-11731	96	26	the	the	DET
dem-11731	96	27	monthly	monthly	ADJ
dem-11731	96	28	rate	rate	NOUN
dem-11731	96	29	of	of	ADP
dem-11731	96	30	return	return	NOUN
dem-11731	96	31	calculated	calculate	VERB
dem-11731	96	32	for	for	ADP
dem-11731	96	33	j	j	PROPN
dem-11731	96	34	-	-	PUNCT
dem-11731	96	35	th	th	X
dem-11731	96	36	biggest	big	ADJ
dem-11731	96	37	market	market	NOUN
dem-11731	96	38	index	index	NOUN
dem-11731	96	39	(	(	PUNCT
dem-11731	96	40	from	from	ADP
dem-11731	96	41	1	1	NUM
dem-11731	96	42	to	to	PART
dem-11731	96	43	10	10	NUM
dem-11731	96	44	)	)	PUNCT
dem-11731	96	45	in	in	ADP
dem-11731	96	46	month	month	NOUN
dem-11731	96	47	t	t	PROPN
dem-11731	96	48	,	,	PUNCT
dem-11731	96	49	is	be	AUX
dem-11731	96	50	the	the	DET
dem-11731	96	51	dummy	dummy	ADJ
dem-11731	96	52	variable	variable	NOUN
dem-11731	96	53	that	that	PRON
dem-11731	96	54	takes	take	VERB
dem-11731	96	55	value	value	NOUN
dem-11731	96	56	1	1	NUM
dem-11731	96	57	when	when	SCONJ
dem-11731	96	58	month	month	NOUN
dem-11731	96	59	of	of	ADP
dem-11731	96	60	measured	measured	ADJ
dem-11731	96	61	rate	rate	NOUN
dem-11731	96	62	of	of	ADP
dem-11731	96	63	return	return	NOUN
dem-11731	96	64	is	be	AUX
dem-11731	96	65	equal	equal	ADJ
dem-11731	96	66	respectively	respectively	ADV
dem-11731	96	67	k	k	PROPN
dem-11731	96	68	=	=	SYM
dem-11731	96	69	jan	jan	PROPN
dem-11731	96	70	,	,	PUNCT
dem-11731	96	71	feb	feb	PROPN
dem-11731	96	72	,	,	PUNCT
dem-11731	96	73	mar	mar	PROPN
dem-11731	96	74	,	,	PUNCT
dem-11731	96	75	…	…	PUNCT
dem-11731	96	76	nov	nov	NOUN
dem-11731	96	77	,	,	PUNCT
dem-11731	96	78	otherwise	otherwise	ADV
dem-11731	96	79	0	0	X
dem-11731	96	80	.	.	PUNCT
dem-11731	97	1	symbolizes	symbolize	VERB
dem-11731	97	2	number	number	NOUN
dem-11731	97	3	of	of	ADP
dem-11731	97	4	ipos	ipos	NOUN
dem-11731	97	5	in	in	ADP
dem-11731	97	6	month	month	NOUN
dem-11731	97	7	t	t	PROPN
dem-11731	97	8	for	for	ADP
dem-11731	97	9	market	market	NOUN
dem-11731	97	10	j	j	PROPN
dem-11731	97	11	,	,	PUNCT
dem-11731	97	12	is	be	AUX
dem-11731	97	13	the	the	DET
dem-11731	97	14	baker	baker	NOUN
dem-11731	97	15	-	-	PUNCT
dem-11731	97	16	wurgler	wurgler	PROPN
dem-11731	97	17	sentiment	sentiment	NOUN
dem-11731	97	18	index	index	NOUN
dem-11731	97	19	in	in	ADP
dem-11731	97	20	month	month	NOUN
dem-11731	97	21	t	t	PROPN
dem-11731	97	22	,	,	PUNCT
dem-11731	97	23	is	be	AUX
dem-11731	97	24	percentage	percentage	NOUN
dem-11731	97	25	change	change	NOUN
dem-11731	97	26	in	in	ADP
dem-11731	97	27	industrial	industrial	ADJ
dem-11731	97	28	production	production	NOUN
dem-11731	97	29	in	in	ADP
dem-11731	97	30	month	month	NOUN
dem-11731	97	31	t	t	PROPN
dem-11731	97	32	,	,	PUNCT
dem-11731	97	33	for	for	ADP
dem-11731	97	34	country	country	NOUN
dem-11731	97	35	j.	j.	PROPN
dem-11731	97	36	as	as	SCONJ
dem-11731	97	37	mentioned	mention	VERB
dem-11731	97	38	above	above	ADV
dem-11731	97	39	we	we	PRON
dem-11731	97	40	run	run	VERB
dem-11731	97	41	similar	similar	ADJ
dem-11731	97	42	to	to	ADP
dem-11731	97	43	(	(	PUNCT
dem-11731	97	44	3	3	NUM
dem-11731	97	45	)	)	PUNCT
dem-11731	97	46	regressions	regression	NOUN
dem-11731	97	47	but	but	CCONJ
dem-11731	97	48	with	with	ADP
dem-11731	97	49	consumer	consumer	NOUN
dem-11731	97	50	confidence	confidence	NOUN
dem-11731	97	51	indicator	indicator	NOUN
dem-11731	97	52	(	(	PUNCT
dem-11731	97	53	cci	cci	PROPN
dem-11731	97	54	)	)	PUNCT
dem-11731	97	55	for	for	ADP
dem-11731	97	56	each	each	DET
dem-11731	97	57	country	country	NOUN
dem-11731	97	58	.	.	PUNCT
dem-11731	98	1	symbolic	symbolic	ADJ
dem-11731	98	2	representation	representation	NOUN
dem-11731	98	3	of	of	ADP
dem-11731	98	4	this	this	DET
dem-11731	98	5	regression	regression	NOUN
dem-11731	98	6	is	be	AUX
dem-11731	98	7	following	follow	VERB
dem-11731	98	8	:	:	PUNCT
dem-11731	98	9	,	,	PUNCT
dem-11731	98	10	(	(	PUNCT
dem-11731	98	11	4	4	X
dem-11731	98	12	)	)	PUNCT
dem-11731	99	1	where	where	SCONJ
dem-11731	99	2	:	:	PUNCT
dem-11731	99	3	all	all	DET
dem-11731	99	4	symbols	symbol	NOUN
dem-11731	99	5	as	as	ADV
dem-11731	99	6	previously	previously	ADV
dem-11731	99	7	except	except	SCONJ
dem-11731	99	8	which	which	PRON
dem-11731	99	9	is	be	AUX
dem-11731	99	10	cci	cci	PROPN
dem-11731	99	11	for	for	ADP
dem-11731	99	12	j	j	PROPN
dem-11731	99	13	-	-	PUNCT
dem-11731	99	14	th	th	VERB
dem-11731	99	15	country	country	NOUN
dem-11731	99	16	.	.	PUNCT
dem-11731	100	1	both	both	PRON
dem-11731	100	2	(	(	PUNCT
dem-11731	100	3	3	3	NUM
dem-11731	100	4	)	)	PUNCT
dem-11731	100	5	and	and	CCONJ
dem-11731	100	6	(	(	PUNCT
dem-11731	100	7	4	4	X
dem-11731	100	8	)	)	PUNCT
dem-11731	100	9	equations	equation	NOUN
dem-11731	100	10	were	be	AUX
dem-11731	100	11	tested	test	VERB
dem-11731	100	12	for	for	ADP
dem-11731	100	13	autocorrelation	autocorrelation	NOUN
dem-11731	100	14	and	and	CCONJ
dem-11731	100	15	possible	possible	ADJ
dem-11731	100	16	arch	arch	ADJ
dem-11731	100	17	effects	effect	NOUN
dem-11731	100	18	–	–	PUNCT
dem-11731	100	19	when	when	SCONJ
dem-11731	100	20	found	find	VERB
dem-11731	100	21	we	we	PRON
dem-11731	100	22	applied	apply	VERB
dem-11731	100	23	accordingly	accordingly	ADV
dem-11731	100	24	ma	ma	PROPN
dem-11731	100	25	and/or	and/or	CCONJ
dem-11731	100	26	arch	arch	ADJ
dem-11731	100	27	models	model	NOUN
dem-11731	100	28	,	,	PUNCT
dem-11731	100	29	after	after	ADP
dem-11731	100	30	that	that	DET
dem-11731	100	31	statistical	statistical	ADJ
dem-11731	100	32	properties	property	NOUN
dem-11731	100	33	of	of	ADP
dem-11731	100	34	models	model	NOUN
dem-11731	100	35	was	be	AUX
dem-11731	100	36	test	test	NOUN
dem-11731	100	37	again	again	ADV
dem-11731	100	38	and	and	CCONJ
dem-11731	100	39	this	this	DET
dem-11731	100	40	procedure	procedure	NOUN
dem-11731	100	41	was	be	AUX
dem-11731	100	42	repeated	repeat	VERB
dem-11731	100	43	till	till	SCONJ
dem-11731	100	44	elimination	elimination	NOUN
dem-11731	100	45	of	of	ADP
dem-11731	100	46	autocorrelation	autocorrelation	NOUN
dem-11731	100	47	or	or	CCONJ
dem-11731	100	48	arch	arch	ADJ
dem-11731	100	49	effects	effect	NOUN
dem-11731	100	50	.	.	PUNCT
dem-11731	101	1	results	result	NOUN
dem-11731	101	2	of	of	ADP
dem-11731	101	3	those	those	DET
dem-11731	101	4	estimations	estimation	NOUN
dem-11731	101	5	are	be	AUX
dem-11731	101	6	presented	present	VERB
dem-11731	101	7	in	in	ADP
dem-11731	101	8	tables	table	NOUN
dem-11731	101	9	1	1	NUM
dem-11731	101	10	and	and	CCONJ
dem-11731	101	11	2	2	NUM
dem-11731	101	12	.	.	PUNCT
dem-11731	102	1	next	next	ADJ
dem-11731	102	2	step	step	NOUN
dem-11731	102	3	in	in	ADP
dem-11731	102	4	exploring	explore	VERB
dem-11731	102	5	possible	possible	ADJ
dem-11731	102	6	reasons	reason	NOUN
dem-11731	102	7	of	of	ADP
dem-11731	102	8	seasonal	seasonal	ADJ
dem-11731	102	9	effects	effect	NOUN
dem-11731	102	10	is	be	AUX
dem-11731	102	11	to	to	PART
dem-11731	102	12	include	include	VERB
dem-11731	102	13	in	in	ADP
dem-11731	102	14	regressions	regression	NOUN
dem-11731	102	15	weather	weather	NOUN
dem-11731	102	16	variable	variable	NOUN
dem-11731	102	17	(	(	PUNCT
dem-11731	102	18	sunlight	sunlight	NOUN
dem-11731	102	19	)	)	PUNCT
dem-11731	102	20	.	.	PUNCT
dem-11731	103	1	in	in	ADP
dem-11731	103	2	this	this	DET
dem-11731	103	3	part	part	NOUN
dem-11731	103	4	we	we	PRON
dem-11731	103	5	tested	test	VERB
dem-11731	103	6	returns	return	NOUN
dem-11731	103	7	directly	directly	ADV
dem-11731	103	8	6	6	NUM
dem-11731	103	9	like	like	ADP
dem-11731	103	10	in	in	ADP
dem-11731	103	11	baker	baker	PROPN
dem-11731	103	12	and	and	CCONJ
dem-11731	103	13	wurgler	wurgler	PROPN
dem-11731	103	14	sentiment	sentiment	PROPN
dem-11731	103	15	index	index	NOUN
dem-11731	103	16	,	,	PUNCT
dem-11731	103	17	that	that	PRON
dem-11731	103	18	is	be	AUX
dem-11731	103	19	based	base	VERB
dem-11731	103	20	exclusively	exclusively	ADV
dem-11731	103	21	on	on	ADP
dem-11731	103	22	market	market	NOUN
dem-11731	103	23	data	datum	NOUN
dem-11731	103	24	.	.	PUNCT
dem-11731	104	1	“	"	PUNCT
dem-11731	104	2	sell	sell	VERB
dem-11731	104	3	not	not	PART
dem-11731	104	4	only	only	ADV
dem-11731	104	5	in	in	ADP
dem-11731	104	6	may	may	PROPN
dem-11731	104	7	”	"	PUNCT
dem-11731	104	8	.	.	PUNCT
dem-11731	105	1	seasonal	seasonal	ADJ
dem-11731	105	2	effect	effect	NOUN
dem-11731	105	3	on	on	ADP
dem-11731	105	4	stock	stock	NOUN
dem-11731	105	5	markets	market	NOUN
dem-11731	105	6	dynamic	dynamic	ADJ
dem-11731	105	7	econometric	econometric	ADJ
dem-11731	105	8	models	model	NOUN
dem-11731	105	9	17	17	NUM
dem-11731	105	10	(	(	PUNCT
dem-11731	105	11	2017	2017	NUM
dem-11731	105	12	)	)	PUNCT
dem-11731	105	13	7–18	7–18	NUM
dem-11731	105	14	11	11	NUM
dem-11731	105	15	from	from	ADP
dem-11731	105	16	described	describe	VERB
dem-11731	105	17	previously	previously	ADV
dem-11731	105	18	6	6	NUM
dem-11731	105	19	-	-	PUNCT
dem-11731	105	20	month	month	NOUN
dem-11731	105	21	strategies	strategy	NOUN
dem-11731	105	22	.	.	PUNCT
dem-11731	106	1	in	in	ADP
dem-11731	106	2	cross	cross	PROPN
dem-11731	106	3	sectional	sectional	ADJ
dem-11731	106	4	regressions	regression	NOUN
dem-11731	106	5	we	we	PRON
dem-11731	106	6	regressed	regress	VERB
dem-11731	106	7	average	average	ADJ
dem-11731	106	8	returns	return	NOUN
dem-11731	106	9	from	from	ADP
dem-11731	106	10	those	those	DET
dem-11731	106	11	strategies	strategy	NOUN
dem-11731	106	12	in	in	ADP
dem-11731	106	13	the	the	DET
dem-11731	106	14	following	follow	VERB
dem-11731	106	15	manner	manner	NOUN
dem-11731	106	16	7	7	NUM
dem-11731	106	17	:	:	PUNCT
dem-11731	106	18	,	,	PUNCT
dem-11731	106	19	(	(	PUNCT
dem-11731	106	20	5	5	NUM
dem-11731	106	21	)	)	PUNCT
dem-11731	106	22	8	8	NUM
dem-11731	106	23	where	where	SCONJ
dem-11731	106	24	:	:	PUNCT
dem-11731	106	25	is	be	AUX
dem-11731	106	26	average	average	ADJ
dem-11731	106	27	rate	rate	NOUN
dem-11731	106	28	of	of	ADP
dem-11731	106	29	return	return	NOUN
dem-11731	106	30	for	for	ADP
dem-11731	106	31	six	six	NUM
dem-11731	106	32	month	month	NOUN
dem-11731	106	33	strategies	strategy	NOUN
dem-11731	106	34	starting	start	VERB
dem-11731	106	35	at	at	ADP
dem-11731	106	36	the	the	DET
dem-11731	106	37	end	end	NOUN
dem-11731	106	38	of	of	ADP
dem-11731	106	39	month	month	NOUN
dem-11731	106	40	m	m	VERB
dem-11731	106	41	and	and	CCONJ
dem-11731	106	42	at	at	ADP
dem-11731	106	43	the	the	DET
dem-11731	106	44	end	end	NOUN
dem-11731	106	45	of	of	ADP
dem-11731	106	46	month	month	NOUN
dem-11731	106	47	n	n	CCONJ
dem-11731	106	48	–	–	PUNCT
dem-11731	106	49	six	six	NUM
dem-11731	106	50	month	month	NOUN
dem-11731	106	51	later	later	ADV
dem-11731	106	52	in	in	ADP
dem-11731	106	53	sequence	sequence	NOUN
dem-11731	106	54	for	for	ADP
dem-11731	106	55	each	each	PRON
dem-11731	106	56	of	of	ADP
dem-11731	106	57	i	i	NOUN
dem-11731	106	58	-	-	PUNCT
dem-11731	106	59	indexes	index	NOUN
dem-11731	106	60	;	;	PUNCT
dem-11731	106	61	(	(	PUNCT
dem-11731	106	62	)	)	PUNCT
dem-11731	106	63	is	be	AUX
dem-11731	106	64	average	average	ADJ
dem-11731	106	65	number	number	NOUN
dem-11731	106	66	of	of	ADP
dem-11731	106	67	sunlight	sunlight	NOUN
dem-11731	106	68	hours	hour	NOUN
dem-11731	106	69	(	(	PUNCT
dem-11731	106	70	standard	standard	ADJ
dem-11731	106	71	deviation	deviation	NOUN
dem-11731	106	72	)	)	PUNCT
dem-11731	106	73	for	for	ADP
dem-11731	106	74	six	six	NUM
dem-11731	106	75	month	month	NOUN
dem-11731	106	76	strategies	strategy	NOUN
dem-11731	106	77	starting	start	VERB
dem-11731	106	78	at	at	ADP
dem-11731	106	79	the	the	DET
dem-11731	106	80	end	end	NOUN
dem-11731	106	81	of	of	ADP
dem-11731	106	82	month	month	NOUN
dem-11731	106	83	m	m	VERB
dem-11731	106	84	and	and	CCONJ
dem-11731	106	85	at	at	ADP
dem-11731	106	86	the	the	DET
dem-11731	106	87	end	end	NOUN
dem-11731	106	88	of	of	ADP
dem-11731	106	89	month	month	NOUN
dem-11731	106	90	n	n	CCONJ
dem-11731	106	91	–	–	PUNCT
dem-11731	106	92	six	six	NUM
dem-11731	106	93	month	month	NOUN
dem-11731	106	94	later	later	ADV
dem-11731	106	95	;	;	PUNCT
dem-11731	106	96	is	be	AUX
dem-11731	106	97	the	the	DET
dem-11731	106	98	dummy	dummy	ADJ
dem-11731	106	99	variable	variable	NOUN
dem-11731	106	100	with	with	ADP
dem-11731	106	101	value	value	NOUN
dem-11731	106	102	1	1	NUM
dem-11731	106	103	for	for	ADP
dem-11731	106	104	the	the	DET
dem-11731	106	105	second	second	ADJ
dem-11731	106	106	month	month	NOUN
dem-11731	106	107	of	of	ADP
dem-11731	106	108	pair	pair	NOUN
dem-11731	106	109	(	(	PUNCT
dem-11731	106	110	m	m	NOUN
dem-11731	106	111	,	,	PUNCT
dem-11731	106	112	n	n	CCONJ
dem-11731	106	113	)	)	PUNCT
dem-11731	106	114	;	;	PUNCT
dem-11731	106	115	symbol	symbol	NOUN
dem-11731	106	116	m	m	PROPN
dem-11731	106	117	and	and	CCONJ
dem-11731	106	118	n	n	NOUN
dem-11731	106	119	marks	mark	VERB
dem-11731	106	120	pairs	pair	NOUN
dem-11731	106	121	of	of	ADP
dem-11731	106	122	months	month	NOUN
dem-11731	106	123	[	[	X
dem-11731	106	124	(	(	PUNCT
dem-11731	106	125	jan	jan	PROPN
dem-11731	106	126	,	,	PUNCT
dem-11731	106	127	jul	jul	PROPN
dem-11731	106	128	)	)	PUNCT
dem-11731	106	129	,	,	PUNCT
dem-11731	106	130	(	(	PUNCT
dem-11731	106	131	feb	feb	NOUN
dem-11731	106	132	,	,	PUNCT
dem-11731	106	133	aug	aug	PROPN
dem-11731	106	134	)	)	PUNCT
dem-11731	106	135	,	,	PUNCT
dem-11731	106	136	…	…	PUNCT
dem-11731	106	137	(	(	PUNCT
dem-11731	106	138	jun	jun	PROPN
dem-11731	106	139	,	,	PUNCT
dem-11731	106	140	dec	dec	PROPN
dem-11731	106	141	)	)	PUNCT
dem-11731	106	142	]	]	PUNCT
dem-11731	106	143	with	with	ADP
dem-11731	106	144	six	six	NUM
dem-11731	106	145	months	month	NOUN
dem-11731	106	146	“	"	PUNCT
dem-11731	106	147	distant	distant	ADJ
dem-11731	106	148	”	"	PUNCT
dem-11731	106	149	from	from	ADP
dem-11731	106	150	each	each	DET
dem-11731	106	151	other	other	ADJ
dem-11731	106	152	.	.	PUNCT
dem-11731	107	1	we	we	PRON
dem-11731	107	2	used	use	VERB
dem-11731	107	3	pairs	pair	NOUN
dem-11731	107	4	of	of	ADP
dem-11731	107	5	data	datum	NOUN
dem-11731	107	6	vectors	vector	NOUN
dem-11731	107	7	to	to	PART
dem-11731	107	8	avoid	avoid	VERB
dem-11731	107	9	multicollinearity	multicollinearity	NOUN
dem-11731	107	10	due	due	ADP
dem-11731	107	11	to	to	ADP
dem-11731	107	12	the	the	DET
dem-11731	107	13	fact	fact	NOUN
dem-11731	107	14	that	that	SCONJ
dem-11731	107	15	we	we	PRON
dem-11731	107	16	are	be	AUX
dem-11731	107	17	using	use	VERB
dem-11731	107	18	averages	average	NOUN
dem-11731	107	19	that	that	SCONJ
dem-11731	107	20	in	in	ADP
dem-11731	107	21	other	other	ADJ
dem-11731	107	22	regression	regression	NOUN
dem-11731	107	23	settings	setting	NOUN
dem-11731	107	24	would	would	AUX
dem-11731	107	25	cause	cause	VERB
dem-11731	107	26	overlapping	overlap	VERB
dem-11731	107	27	problem	problem	NOUN
dem-11731	107	28	.	.	PUNCT
dem-11731	108	1	we	we	PRON
dem-11731	108	2	also	also	ADV
dem-11731	108	3	wanted	want	VERB
dem-11731	108	4	to	to	PART
dem-11731	108	5	compare	compare	VERB
dem-11731	108	6	averages	average	NOUN
dem-11731	108	7	between	between	ADP
dem-11731	108	8	cold	cold	ADJ
dem-11731	108	9	and	and	CCONJ
dem-11731	108	10	hot	hot	ADJ
dem-11731	108	11	halves	half	NOUN
dem-11731	108	12	of	of	ADP
dem-11731	108	13	the	the	DET
dem-11731	108	14	year	year	NOUN
dem-11731	108	15	across	across	ADP
dem-11731	108	16	the	the	DET
dem-11731	108	17	countries	country	NOUN
dem-11731	108	18	.	.	PUNCT
dem-11731	109	1	we	we	PRON
dem-11731	109	2	repeated	repeat	VERB
dem-11731	109	3	calculations	calculation	NOUN
dem-11731	109	4	described	describe	VERB
dem-11731	109	5	in	in	ADP
dem-11731	109	6	equation	equation	NOUN
dem-11731	109	7	(	(	PUNCT
dem-11731	109	8	5	5	NUM
dem-11731	109	9	)	)	PUNCT
dem-11731	109	10	but	but	CCONJ
dem-11731	109	11	only	only	ADV
dem-11731	109	12	for	for	ADP
dem-11731	109	13	markets	market	NOUN
dem-11731	109	14	on	on	ADP
dem-11731	109	15	which	which	PRON
dem-11731	109	16	we	we	PRON
dem-11731	109	17	found	find	VERB
dem-11731	109	18	presence	presence	NOUN
dem-11731	109	19	of	of	ADP
dem-11731	109	20	sim	sim	ADJ
dem-11731	109	21	effect	effect	NOUN
dem-11731	109	22	.	.	PUNCT
dem-11731	110	1	9	9	NUM
dem-11731	110	2	4	4	NUM
dem-11731	110	3	.	.	PUNCT
dem-11731	110	4	results	result	VERB
dem-11731	110	5	the	the	DET
dem-11731	110	6	outcomes	outcome	NOUN
dem-11731	110	7	of	of	ADP
dem-11731	110	8	our	our	PRON
dem-11731	110	9	analysis	analysis	NOUN
dem-11731	110	10	generally	generally	ADV
dem-11731	110	11	support	support	VERB
dem-11731	110	12	existence	existence	NOUN
dem-11731	110	13	of	of	ADP
dem-11731	110	14	sell	sell	NOUN
dem-11731	110	15	in	in	ADP
dem-11731	110	16	may	may	PROPN
dem-11731	110	17	and	and	CCONJ
dem-11731	110	18	halloween	halloween	VERB
dem-11731	110	19	effect	effect	NOUN
dem-11731	110	20	but	but	CCONJ
dem-11731	110	21	also	also	ADV
dem-11731	110	22	seasonal	seasonal	ADJ
dem-11731	110	23	effects	effect	NOUN
dem-11731	110	24	in	in	ADP
dem-11731	110	25	other	other	ADJ
dem-11731	110	26	months	month	NOUN
dem-11731	110	27	.	.	PUNCT
dem-11731	111	1	we	we	PRON
dem-11731	111	2	can	can	AUX
dem-11731	111	3	observe	observe	VERB
dem-11731	111	4	that	that	SCONJ
dem-11731	111	5	10	10	NUM
dem-11731	111	6	estimated	estimate	VERB
dem-11731	111	7	coefficients	coefficient	NOUN
dem-11731	111	8	from	from	ADP
dem-11731	111	9	(	(	PUNCT
dem-11731	111	10	1	1	NUM
dem-11731	111	11	)	)	PUNCT
dem-11731	111	12	or	or	CCONJ
dem-11731	111	13	(	(	PUNCT
dem-11731	111	14	2	2	X
dem-11731	111	15	)	)	PUNCT
dem-11731	111	16	are	be	AUX
dem-11731	111	17	mostly	mostly	ADV
dem-11731	111	18	negative	negative	ADJ
dem-11731	111	19	for	for	ADP
dem-11731	111	20	strategies	strategy	NOUN
dem-11731	111	21	starting	start	VERB
dem-11731	111	22	at	at	ADP
dem-11731	111	23	the	the	DET
dem-11731	111	24	end	end	NOUN
dem-11731	111	25	of	of	ADP
dem-11731	111	26	northern	northern	ADJ
dem-11731	111	27	hemisphere	hemisphere	ADJ
dem-11731	111	28	spring	spring	NOUN
dem-11731	111	29	months	month	NOUN
dem-11731	111	30	(	(	PUNCT
dem-11731	111	31	mar	mar	PROPN
dem-11731	111	32	,	,	PUNCT
dem-11731	111	33	apr	apr	PROPN
dem-11731	111	34	,	,	PUNCT
dem-11731	111	35	may	may	AUX
dem-11731	111	36	)	)	PUNCT
dem-11731	111	37	and	and	CCONJ
dem-11731	111	38	mostly	mostly	ADV
dem-11731	111	39	positive	positive	ADJ
dem-11731	111	40	for	for	ADP
dem-11731	111	41	strategies	strategy	NOUN
dem-11731	111	42	beginning	begin	VERB
dem-11731	111	43	in	in	ADP
dem-11731	111	44	last	last	ADJ
dem-11731	111	45	days	day	NOUN
dem-11731	111	46	of	of	ADP
dem-11731	111	47	autumn	autumn	NOUN
dem-11731	111	48	months	month	NOUN
dem-11731	111	49	(	(	PUNCT
dem-11731	111	50	sep	sep	PROPN
dem-11731	111	51	,	,	PUNCT
dem-11731	111	52	oct	oct	PROPN
dem-11731	111	53	,	,	PUNCT
dem-11731	111	54	nov	nov	NOUN
dem-11731	111	55	)	)	PUNCT
dem-11731	111	56	.	.	PUNCT
dem-11731	112	1	numbers	number	NOUN
dem-11731	112	2	of	of	ADP
dem-11731	112	3	markets	market	NOUN
dem-11731	112	4	that	that	PRON
dem-11731	112	5	can	can	AUX
dem-11731	112	6	be	be	AUX
dem-11731	112	7	characterized	characterize	VERB
dem-11731	112	8	by	by	ADP
dem-11731	112	9	sim	sim	ADJ
dem-11731	112	10	effect	effect	NOUN
dem-11731	112	11	vary	vary	VERB
dem-11731	112	12	from	from	ADP
dem-11731	112	13	19	19	NUM
dem-11731	112	14	to	to	PART
dem-11731	112	15	31	31	NUM
dem-11731	112	16	(	(	PUNCT
dem-11731	112	17	11	11	NUM
dem-11731	112	18	to	to	PART
dem-11731	112	19	21	21	NUM
dem-11731	112	20	)	)	PUNCT
dem-11731	112	21	when	when	SCONJ
dem-11731	112	22	we	we	PRON
dem-11731	112	23	use	use	VERB
dem-11731	112	24	0.10	0.10	NUM
dem-11731	112	25	(	(	PUNCT
dem-11731	112	26	0.05	0.05	NUM
dem-11731	112	27	)	)	PUNCT
dem-11731	112	28	p	p	NOUN
dem-11731	112	29	-	-	PUNCT
dem-11731	112	30	values	value	NOUN
dem-11731	112	31	for	for	ADP
dem-11731	112	32	judging	judge	VERB
dem-11731	112	33	the	the	DET
dem-11731	112	34	significance	significance	NOUN
dem-11731	112	35	of	of	ADP
dem-11731	112	36	.	.	PUNCT
dem-11731	113	1	comparing	compare	VERB
dem-11731	113	2	to	to	ADP
dem-11731	113	3	the	the	DET
dem-11731	113	4	total	total	ADJ
dem-11731	113	5	number	number	NOUN
dem-11731	113	6	of	of	ADP
dem-11731	113	7	ana	ana	PROPN
dem-11731	113	8	7	7	NUM
dem-11731	113	9	we	we	PRON
dem-11731	113	10	can	can	AUX
dem-11731	113	11	not	not	PART
dem-11731	113	12	use	use	VERB
dem-11731	113	13	longitudinal	longitudinal	ADJ
dem-11731	113	14	(	(	PUNCT
dem-11731	113	15	time	time	NOUN
dem-11731	113	16	series	series	PROPN
dem-11731	113	17	cross	cross	PROPN
dem-11731	113	18	sectional	sectional	PROPN
dem-11731	113	19	)	)	PUNCT
dem-11731	113	20	regressions	regression	NOUN
dem-11731	113	21	due	due	ADP
dem-11731	113	22	to	to	ADP
dem-11731	113	23	lack	lack	NOUN
dem-11731	113	24	of	of	ADP
dem-11731	113	25	publically	publically	ADV
dem-11731	113	26	available	available	ADJ
dem-11731	113	27	time	time	NOUN
dem-11731	113	28	series	series	PROPN
dem-11731	113	29	data	datum	NOUN
dem-11731	113	30	for	for	ADP
dem-11731	113	31	numbers	number	NOUN
dem-11731	113	32	of	of	ADP
dem-11731	113	33	sun	sun	NOUN
dem-11731	113	34	hours	hour	NOUN
dem-11731	113	35	in	in	ADP
dem-11731	113	36	each	each	DET
dem-11731	113	37	month	month	NOUN
dem-11731	113	38	of	of	ADP
dem-11731	113	39	the	the	DET
dem-11731	113	40	particular	particular	ADJ
dem-11731	113	41	year	year	NOUN
dem-11731	113	42	.	.	PUNCT
dem-11731	114	1	8	8	NUM
dem-11731	114	2	we	we	PRON
dem-11731	114	3	also	also	ADV
dem-11731	114	4	run	run	VERB
dem-11731	114	5	this	this	DET
dem-11731	114	6	regression	regression	NOUN
dem-11731	114	7	with	with	ADP
dem-11731	114	8	additional	additional	ADJ
dem-11731	114	9	part	part	NOUN
dem-11731	114	10	,	,	PUNCT
dem-11731	114	11	where	where	SCONJ
dem-11731	114	12	is	be	AUX
dem-11731	114	13	average	average	ADJ
dem-11731	114	14	number	number	NOUN
dem-11731	114	15	of	of	ADP
dem-11731	114	16	ipos	ipos	NOUN
dem-11731	114	17	but	but	CCONJ
dem-11731	114	18	because	because	SCONJ
dem-11731	114	19	of	of	ADP
dem-11731	114	20	only	only	ADV
dem-11731	114	21	few	few	ADJ
dem-11731	114	22	countries	country	NOUN
dem-11731	114	23	having	have	VERB
dem-11731	114	24	those	those	DET
dem-11731	114	25	date	date	NOUN
dem-11731	114	26	appropriately	appropriately	ADV
dem-11731	114	27	frequent	frequent	ADJ
dem-11731	114	28	i.e.	i.e.	ADV
dem-11731	114	29	without	without	ADP
dem-11731	114	30	too	too	ADV
dem-11731	114	31	many	many	ADJ
dem-11731	114	32	“	"	PUNCT
dem-11731	114	33	zeros	zero	NOUN
dem-11731	114	34	”	"	PUNCT
dem-11731	114	35	,	,	PUNCT
dem-11731	114	36	we	we	PRON
dem-11731	114	37	do	do	AUX
dem-11731	114	38	not	not	PART
dem-11731	114	39	report	report	VERB
dem-11731	114	40	those	those	DET
dem-11731	114	41	low	low	ADJ
dem-11731	114	42	power	power	NOUN
dem-11731	114	43	regressions	regression	NOUN
dem-11731	114	44	,	,	PUNCT
dem-11731	114	45	even	even	ADV
dem-11731	114	46	if	if	SCONJ
dem-11731	114	47	they	they	PRON
dem-11731	114	48	have	have	VERB
dem-11731	114	49	similar	similar	ADJ
dem-11731	114	50	results	result	NOUN
dem-11731	114	51	.	.	PUNCT
dem-11731	115	1	9	9	NUM
dem-11731	115	2	we	we	PRON
dem-11731	115	3	also	also	ADV
dem-11731	115	4	run	run	VERB
dem-11731	115	5	regressions	regression	NOUN
dem-11731	115	6	with	with	ADP
dem-11731	115	7	control	control	NOUN
dem-11731	115	8	of	of	ADP
dem-11731	115	9	latitude	latitude	NOUN
dem-11731	115	10	of	of	ADP
dem-11731	115	11	cities	city	NOUN
dem-11731	115	12	where	where	SCONJ
dem-11731	115	13	analyzed	analyze	VERB
dem-11731	115	14	stock	stock	NOUN
dem-11731	115	15	exchanges	exchange	NOUN
dem-11731	115	16	are	be	AUX
dem-11731	115	17	located	locate	VERB
dem-11731	115	18	;	;	PUNCT
dem-11731	115	19	those	those	DET
dem-11731	115	20	results	result	NOUN
dem-11731	115	21	are	be	AUX
dem-11731	115	22	similar	similar	ADJ
dem-11731	115	23	and	and	CCONJ
dem-11731	115	24	not	not	PART
dem-11731	115	25	presented	present	VERB
dem-11731	115	26	here	here	ADV
dem-11731	115	27	,	,	PUNCT
dem-11731	115	28	but	but	CCONJ
dem-11731	115	29	available	available	ADJ
dem-11731	115	30	upon	upon	SCONJ
dem-11731	115	31	request	request	NOUN
dem-11731	115	32	.	.	PUNCT
dem-11731	116	1	10	10	NUM
dem-11731	116	2	exact	exact	ADJ
dem-11731	116	3	can	can	AUX
dem-11731	116	4	be	be	AUX
dem-11731	116	5	provided	provide	VERB
dem-11731	116	6	upon	upon	SCONJ
dem-11731	116	7	request	request	NOUN
dem-11731	116	8	.	.	PUNCT
dem-11731	117	1	tomasz	tomasz	PROPN
dem-11731	117	2	schabek	schabek	PROPN
dem-11731	117	3	,	,	PUNCT
dem-11731	117	4	henrique	henrique	PROPN
dem-11731	117	5	castro	castro	PROPN
dem-11731	117	6	dynamic	dynamic	ADJ
dem-11731	117	7	econometric	econometric	ADJ
dem-11731	117	8	models	model	NOUN
dem-11731	117	9	17	17	NUM
dem-11731	117	10	(	(	PUNCT
dem-11731	117	11	2017	2017	NUM
dem-11731	117	12	)	)	PUNCT
dem-11731	117	13	5–18	5–18	NUM
dem-11731	117	14	12	12	NUM
dem-11731	117	15	lyzed	lyze	VERB
dem-11731	117	16	indices	index	NOUN
dem-11731	117	17	(	(	PUNCT
dem-11731	117	18	73	73	NUM
dem-11731	117	19	)	)	PUNCT
dem-11731	117	20	those	those	DET
dem-11731	117	21	numbers	number	NOUN
dem-11731	117	22	seem	seem	VERB
dem-11731	117	23	to	to	PART
dem-11731	117	24	be	be	AUX
dem-11731	117	25	small	small	ADJ
dem-11731	117	26	,	,	PUNCT
dem-11731	117	27	but	but	CCONJ
dem-11731	117	28	what	what	PRON
dem-11731	117	29	is	be	AUX
dem-11731	117	30	worth	worth	ADJ
dem-11731	117	31	noticing	notice	VERB
dem-11731	117	32	out	out	ADP
dem-11731	117	33	of	of	ADP
dem-11731	117	34	10	10	NUM
dem-11731	117	35	stock	stock	NOUN
dem-11731	117	36	exchanges	exchange	NOUN
dem-11731	117	37	which	which	PRON
dem-11731	117	38	total	total	ADJ
dem-11731	117	39	capitalization	capitalization	NOUN
dem-11731	117	40	corresponds	correspond	VERB
dem-11731	117	41	to	to	ADP
dem-11731	117	42	over	over	ADP
dem-11731	117	43	70	70	NUM
dem-11731	117	44	%	%	NOUN
dem-11731	117	45	of	of	ADP
dem-11731	117	46	world	world	PROPN
dem-11731	117	47	federation	federation	PROPN
dem-11731	117	48	of	of	ADP
dem-11731	117	49	exchanges	exchange	NOUN
dem-11731	117	50	(	(	PUNCT
dem-11731	117	51	wfe	wfe	PROPN
dem-11731	117	52	)	)	PUNCT
dem-11731	117	53	global	global	ADJ
dem-11731	117	54	capitalization	capitalization	NOUN
dem-11731	117	55	,	,	PUNCT
dem-11731	117	56	seven	seven	NUM
dem-11731	117	57	have	have	VERB
dem-11731	117	58	significant	significant	ADJ
dem-11731	117	59	sim	sim	ADJ
dem-11731	117	60	effect	effect	NOUN
dem-11731	117	61	11	11	NUM
dem-11731	117	62	.	.	PUNCT
dem-11731	118	1	seasonal	seasonal	ADJ
dem-11731	118	2	effects	effect	NOUN
dem-11731	118	3	are	be	AUX
dem-11731	118	4	valid	valid	ADJ
dem-11731	118	5	for	for	ADP
dem-11731	118	6	most	most	ADV
dem-11731	118	7	important	important	ADJ
dem-11731	118	8	and	and	CCONJ
dem-11731	118	9	with	with	ADP
dem-11731	118	10	the	the	DET
dem-11731	118	11	longest	long	ADJ
dem-11731	118	12	data	datum	NOUN
dem-11731	118	13	series	series	PROPN
dem-11731	118	14	stock	stock	NOUN
dem-11731	118	15	market	market	NOUN
dem-11731	118	16	indices	index	NOUN
dem-11731	118	17	.	.	PUNCT
dem-11731	119	1	we	we	PRON
dem-11731	119	2	did	do	AUX
dem-11731	119	3	not	not	PART
dem-11731	119	4	test	test	VERB
dem-11731	119	5	presence	presence	NOUN
dem-11731	119	6	of	of	ADP
dem-11731	119	7	sim	sim	ADJ
dem-11731	119	8	effect	effect	NOUN
dem-11731	119	9	in	in	ADP
dem-11731	119	10	particular	particular	ADJ
dem-11731	119	11	sub	sub	NOUN
dem-11731	119	12	periods	period	NOUN
dem-11731	119	13	(	(	PUNCT
dem-11731	119	14	due	due	ADP
dem-11731	119	15	to	to	ADP
dem-11731	119	16	relative	relative	ADJ
dem-11731	119	17	short	short	ADJ
dem-11731	119	18	data	datum	NOUN
dem-11731	119	19	samples	sample	NOUN
dem-11731	119	20	)	)	PUNCT
dem-11731	119	21	but	but	CCONJ
dem-11731	119	22	according	accord	VERB
dem-11731	119	23	to	to	ADP
dem-11731	119	24	the	the	DET
dem-11731	119	25	newest	new	ADJ
dem-11731	119	26	research	research	NOUN
dem-11731	119	27	of	of	ADP
dem-11731	119	28	jacobsen	jacobsen	PROPN
dem-11731	119	29	and	and	CCONJ
dem-11731	119	30	zhang	zhang	PROPN
dem-11731	119	31	(	(	PUNCT
dem-11731	119	32	2012	2012	NUM
dem-11731	119	33	,	,	PUNCT
dem-11731	119	34	2012a	2012a	NUM
dem-11731	119	35	)	)	PUNCT
dem-11731	119	36	we	we	PRON
dem-11731	119	37	can	can	AUX
dem-11731	119	38	conclude	conclude	VERB
dem-11731	119	39	that	that	DET
dem-11731	119	40	sim	sim	ADJ
dem-11731	119	41	effect	effect	NOUN
dem-11731	119	42	is	be	AUX
dem-11731	119	43	persistent	persistent	ADJ
dem-11731	119	44	over	over	ADP
dem-11731	119	45	time	time	NOUN
dem-11731	119	46	.	.	PUNCT
dem-11731	120	1	our	our	PRON
dem-11731	120	2	results	result	NOUN
dem-11731	120	3	with	with	ADP
dem-11731	120	4	respect	respect	NOUN
dem-11731	120	5	to	to	ADP
dem-11731	120	6	the	the	DET
dem-11731	120	7	emerging	emerge	VERB
dem-11731	120	8	markets	market	NOUN
dem-11731	120	9	with	with	ADP
dem-11731	120	10	relatively	relatively	ADV
dem-11731	120	11	short	short	ADJ
dem-11731	120	12	data	datum	NOUN
dem-11731	120	13	series	series	NOUN
dem-11731	120	14	are	be	AUX
dem-11731	120	15	similar	similar	ADJ
dem-11731	120	16	to	to	ADP
dem-11731	120	17	mentioned	mention	VERB
dem-11731	120	18	in	in	ADP
dem-11731	120	19	jacobsen	jacobsen	PROPN
dem-11731	120	20	and	and	CCONJ
dem-11731	120	21	zhang	zhang	PROPN
dem-11731	120	22	(	(	PUNCT
dem-11731	120	23	2012a	2012a	NUM
dem-11731	120	24	)	)	PUNCT
dem-11731	120	25	paper	paper	NOUN
dem-11731	120	26	and	and	CCONJ
dem-11731	120	27	we	we	PRON
dem-11731	120	28	conclude	conclude	VERB
dem-11731	120	29	that	that	SCONJ
dem-11731	120	30	even	even	ADV
dem-11731	120	31	if	if	SCONJ
dem-11731	120	32	sim	sim	ADJ
dem-11731	120	33	effect	effect	NOUN
dem-11731	120	34	is	be	AUX
dem-11731	120	35	not	not	PART
dem-11731	120	36	present	present	ADJ
dem-11731	120	37	for	for	ADP
dem-11731	120	38	all	all	DET
dem-11731	120	39	selected	select	VERB
dem-11731	120	40	markets	market	NOUN
dem-11731	120	41	it	it	PRON
dem-11731	120	42	can	can	AUX
dem-11731	120	43	be	be	AUX
dem-11731	120	44	due	due	ADJ
dem-11731	120	45	to	to	PART
dem-11731	120	46	lack	lack	NOUN
dem-11731	120	47	of	of	ADP
dem-11731	120	48	long	long	ADJ
dem-11731	120	49	time	time	NOUN
dem-11731	120	50	series	series	PROPN
dem-11731	120	51	data	data	PROPN
dem-11731	120	52	for	for	ADP
dem-11731	120	53	them	they	PRON
dem-11731	120	54	.	.	PUNCT
dem-11731	121	1	one	one	NUM
dem-11731	121	2	scratch	scratch	NOUN
dem-11731	121	3	on	on	ADP
dem-11731	121	4	surface	surface	NOUN
dem-11731	121	5	of	of	ADP
dem-11731	121	6	hypothesis	hypothesis	NOUN
dem-11731	121	7	proving	prove	VERB
dem-11731	121	8	persistence	persistence	NOUN
dem-11731	121	9	of	of	ADP
dem-11731	121	10	sim	sim	ADJ
dem-11731	121	11	effect	effect	NOUN
dem-11731	121	12	is	be	AUX
dem-11731	121	13	significantly	significantly	ADV
dem-11731	121	14	lower	low	ADJ
dem-11731	121	15	number	number	NOUN
dem-11731	121	16	12	12	NUM
dem-11731	121	17	of	of	ADP
dem-11731	121	18	sim	sim	ADJ
dem-11731	121	19	and	and	CCONJ
dem-11731	121	20	hal	hal	NOUN
dem-11731	121	21	effects	effect	NOUN
dem-11731	121	22	when	when	SCONJ
dem-11731	121	23	we	we	PRON
dem-11731	121	24	run	run	VERB
dem-11731	121	25	our	our	PRON
dem-11731	121	26	tests	test	NOUN
dem-11731	121	27	and	and	CCONJ
dem-11731	121	28	start	start	VERB
dem-11731	121	29	our	our	PRON
dem-11731	121	30	samples	sample	NOUN
dem-11731	121	31	just	just	ADV
dem-11731	121	32	after	after	ADP
dem-11731	121	33	bouman	bouman	NOUN
dem-11731	121	34	and	and	CCONJ
dem-11731	121	35	jacobsen	jacobsen	PROPN
dem-11731	121	36	publication	publication	NOUN
dem-11731	121	37	in	in	ADP
dem-11731	121	38	2002	2002	NUM
dem-11731	121	39	.	.	PUNCT
dem-11731	122	1	similar	similar	ADJ
dem-11731	122	2	conclusion	conclusion	NOUN
dem-11731	122	3	could	could	AUX
dem-11731	122	4	be	be	AUX
dem-11731	122	5	found	find	VERB
dem-11731	122	6	in	in	ADP
dem-11731	122	7	jacobsen	jacobsen	PROPN
dem-11731	122	8	and	and	CCONJ
dem-11731	122	9	zhang	zhang	PROPN
dem-11731	122	10	paper	paper	PROPN
dem-11731	122	11	:	:	PUNCT
dem-11731	122	12	only	only	ADV
dem-11731	122	13	three	three	NUM
dem-11731	122	14	markets	market	NOUN
dem-11731	122	15	13	13	NUM
dem-11731	122	16	are	be	AUX
dem-11731	122	17	characterized	characterize	VERB
dem-11731	122	18	by	by	ADP
dem-11731	122	19	significant	significant	ADJ
dem-11731	122	20	“	"	PUNCT
dem-11731	122	21	halloween	halloween	NOUN
dem-11731	122	22	effect	effect	NOUN
dem-11731	122	23	”	"	PUNCT
dem-11731	122	24	in	in	ADP
dem-11731	122	25	period	period	NOUN
dem-11731	122	26	2001–2011	2001–2011	NUM
dem-11731	122	27	.	.	PUNCT
dem-11731	123	1	again	again	ADV
dem-11731	123	2	those	those	DET
dem-11731	123	3	results	result	NOUN
dem-11731	123	4	could	could	AUX
dem-11731	123	5	mean	mean	VERB
dem-11731	123	6	the	the	DET
dem-11731	123	7	disappearing	disappear	VERB
dem-11731	123	8	sim	sim	NOUN
dem-11731	123	9	and	and	CCONJ
dem-11731	123	10	hal	hal	PROPN
dem-11731	123	11	anomalies	anomaly	NOUN
dem-11731	123	12	after	after	ADP
dem-11731	123	13	making	make	VERB
dem-11731	123	14	them	they	PRON
dem-11731	123	15	publicly	publicly	ADV
dem-11731	123	16	known	know	VERB
dem-11731	123	17	in	in	ADP
dem-11731	123	18	scientific	scientific	ADJ
dem-11731	123	19	papers	paper	NOUN
dem-11731	123	20	or	or	CCONJ
dem-11731	123	21	it	it	PRON
dem-11731	123	22	just	just	ADV
dem-11731	123	23	could	could	AUX
dem-11731	123	24	be	be	AUX
dem-11731	123	25	caused	cause	VERB
dem-11731	123	26	by	by	ADP
dem-11731	123	27	relatively	relatively	ADV
dem-11731	123	28	short	short	ADJ
dem-11731	123	29	time	time	NOUN
dem-11731	123	30	series	series	NOUN
dem-11731	123	31	.	.	PUNCT
dem-11731	124	1	other	other	ADJ
dem-11731	124	2	additional	additional	ADJ
dem-11731	124	3	and	and	CCONJ
dem-11731	124	4	not	not	PART
dem-11731	124	5	less	less	ADV
dem-11731	124	6	interesting	interesting	ADJ
dem-11731	124	7	question	question	NOUN
dem-11731	124	8	is	be	AUX
dem-11731	124	9	about	about	ADP
dem-11731	124	10	the	the	DET
dem-11731	124	11	presence	presence	NOUN
dem-11731	124	12	and	and	CCONJ
dem-11731	124	13	persistence	persistence	NOUN
dem-11731	124	14	of	of	ADP
dem-11731	124	15	january	january	PROPN
dem-11731	124	16	effect	effect	NOUN
dem-11731	124	17	and	and	CCONJ
dem-11731	124	18	its	its	PRON
dem-11731	124	19	share	share	NOUN
dem-11731	124	20	in	in	ADP
dem-11731	124	21	halloween	halloween	PROPN
dem-11731	124	22	effect	effect	NOUN
dem-11731	124	23	.	.	PUNCT
dem-11731	125	1	our	our	PRON
dem-11731	125	2	results	result	NOUN
dem-11731	125	3	suggest	suggest	VERB
dem-11731	125	4	that	that	SCONJ
dem-11731	125	5	january	january	PROPN
dem-11731	125	6	effect	effect	NOUN
dem-11731	125	7	plays	play	VERB
dem-11731	125	8	less	less	ADV
dem-11731	125	9	important	important	ADJ
dem-11731	125	10	role	role	NOUN
dem-11731	125	11	in	in	ADP
dem-11731	125	12	observed	observe	VERB
dem-11731	125	13	seasonal	seasonal	ADJ
dem-11731	125	14	anomalies	anomaly	NOUN
dem-11731	125	15	.	.	PUNCT
dem-11731	126	1	for	for	ADP
dem-11731	126	2	six	six	NUM
dem-11731	126	3	-	-	PUNCT
dem-11731	126	4	months	month	NOUN
dem-11731	126	5	strategies	strategy	NOUN
dem-11731	126	6	that	that	PRON
dem-11731	126	7	include	include	VERB
dem-11731	126	8	january	january	PROPN
dem-11731	126	9	,	,	PUNCT
dem-11731	126	10	only	only	ADV
dem-11731	126	11	in	in	ADP
dem-11731	126	12	eight	eight	NUM
dem-11731	126	13	to	to	PART
dem-11731	126	14	eleven	eleven	NUM
dem-11731	126	15	(	(	PUNCT
dem-11731	126	16	depending	depend	VERB
dem-11731	126	17	on	on	ADP
dem-11731	126	18	the	the	DET
dem-11731	126	19	months	month	NOUN
dem-11731	126	20	used	use	VERB
dem-11731	126	21	in	in	ADP
dem-11731	126	22	estimates	estimate	NOUN
dem-11731	126	23	)	)	PUNCT
dem-11731	126	24	regressions	regression	NOUN
dem-11731	126	25	given	give	VERB
dem-11731	126	26	by	by	ADP
dem-11731	126	27	equation	equation	NOUN
dem-11731	126	28	(	(	PUNCT
dem-11731	126	29	1	1	X
dem-11731	126	30	)	)	PUNCT
dem-11731	126	31	parameter	parameter	NOUN
dem-11731	126	32	is	be	AUX
dem-11731	126	33	significant	significant	ADJ
dem-11731	126	34	with	with	ADP
dem-11731	126	35	p	p	NOUN
dem-11731	126	36	-	-	PUNCT
dem-11731	126	37	value	value	NOUN
dem-11731	126	38	of	of	ADP
dem-11731	126	39	0.05	0.05	NUM
dem-11731	126	40	.	.	PUNCT
dem-11731	127	1	another	another	DET
dem-11731	127	2	test	test	NOUN
dem-11731	127	3	conducted	conduct	VERB
dem-11731	127	4	in	in	ADP
dem-11731	127	5	this	this	DET
dem-11731	127	6	research	research	NOUN
dem-11731	127	7	checks	check	NOUN
dem-11731	127	8	if	if	SCONJ
dem-11731	127	9	–	–	PUNCT
dem-11731	127	10	in	in	ADP
dem-11731	127	11	regressions	regression	NOUN
dem-11731	127	12	based	base	VERB
dem-11731	127	13	on	on	ADP
dem-11731	127	14	time	time	NOUN
dem-11731	127	15	series	series	PROPN
dem-11731	127	16	data	datum	NOUN
dem-11731	127	17	–	–	PUNCT
dem-11731	127	18	seasonal	seasonal	ADJ
dem-11731	127	19	effects	effect	NOUN
dem-11731	127	20	still	still	ADV
dem-11731	127	21	exist	exist	VERB
dem-11731	127	22	after	after	ADP
dem-11731	127	23	controlling	control	VERB
dem-11731	127	24	for	for	ADP
dem-11731	127	25	number	number	NOUN
dem-11731	127	26	of	of	ADP
dem-11731	127	27	ipos	ipos	NOUN
dem-11731	127	28	,	,	PUNCT
dem-11731	127	29	level	level	NOUN
dem-11731	127	30	of	of	ADP
dem-11731	127	31	us	us	PROPN
dem-11731	127	32	sentiment	sentiment	NOUN
dem-11731	127	33	index	index	NOUN
dem-11731	127	34	and	and	CCONJ
dem-11731	127	35	changes	change	NOUN
dem-11731	127	36	of	of	ADP
dem-11731	127	37	industrial	industrial	ADJ
dem-11731	127	38	production	production	NOUN
dem-11731	127	39	.	.	PUNCT
dem-11731	128	1	in	in	ADP
dem-11731	128	2	time	time	NOUN
dem-11731	128	3	series	series	PROPN
dem-11731	128	4	regression	regression	VERB
dem-11731	128	5	analysis	analysis	NOUN
dem-11731	128	6	we	we	PRON
dem-11731	128	7	need	need	VERB
dem-11731	128	8	to	to	PART
dem-11731	128	9	acquire	acquire	VERB
dem-11731	128	10	reasonable	reasonable	ADJ
dem-11731	128	11	amount	amount	NOUN
dem-11731	128	12	of	of	ADP
dem-11731	128	13	data	datum	NOUN
dem-11731	128	14	.	.	PUNCT
dem-11731	129	1	while	while	SCONJ
dem-11731	129	2	both	both	DET
dem-11731	129	3	descriptive	descriptive	ADJ
dem-11731	129	4	variables	variable	NOUN
dem-11731	129	5	:	:	PUNCT
dem-11731	129	6	us	us	PROPN
dem-11731	129	7	sentiment	sentiment	NOUN
dem-11731	129	8	index	index	NOUN
dem-11731	129	9	(	(	PUNCT
dem-11731	129	10	or	or	CCONJ
dem-11731	129	11	consumer	consumer	NOUN
dem-11731	129	12	confidence	confidence	NOUN
dem-11731	129	13	index	index	NOUN
dem-11731	129	14	)	)	PUNCT
dem-11731	129	15	and	and	CCONJ
dem-11731	129	16	industrial	industrial	ADJ
dem-11731	129	17	production	production	NOUN
dem-11731	129	18	have	have	AUX
dem-11731	129	19	continued	continue	VERB
dem-11731	129	20	time	time	NOUN
dem-11731	129	21	series	series	NOUN
dem-11731	129	22	,	,	PUNCT
dem-11731	129	23	the	the	DET
dem-11731	129	24	number	number	NOUN
dem-11731	129	25	of	of	ADP
dem-11731	129	26	ipo	ipo	NOUN
dem-11731	129	27	for	for	ADP
dem-11731	129	28	most	most	ADJ
dem-11731	129	29	of	of	ADP
dem-11731	129	30	the	the	DET
dem-11731	129	31	markets	market	NOUN
dem-11731	129	32	is	be	AUX
dem-11731	129	33	characterized	characterize	VERB
dem-11731	129	34	by	by	ADP
dem-11731	129	35	incomparably	incomparably	ADV
dem-11731	129	36	higher	high	ADJ
dem-11731	129	37	number	number	NOUN
dem-11731	129	38	of	of	ADP
dem-11731	129	39	“	"	PUNCT
dem-11731	129	40	zero	zero	NUM
dem-11731	129	41	”	"	PUNCT
dem-11731	129	42	data	datum	NOUN
dem-11731	129	43	due	due	ADP
dem-11731	129	44	to	to	ADP
dem-11731	129	45	not	not	PART
dem-11731	129	46	as	as	ADV
dem-11731	129	47	often	often	ADV
dem-11731	129	48	as	as	ADP
dem-11731	129	49	in	in	ADP
dem-11731	129	50	the	the	DET
dem-11731	129	51	largest	large	ADJ
dem-11731	129	52	markets	market	NOUN
dem-11731	129	53	occurrence	occurrence	NOUN
dem-11731	129	54	of	of	ADP
dem-11731	129	55	ipos	ipos	NOUN
dem-11731	129	56	.	.	PUNCT
dem-11731	130	1	we	we	PRON
dem-11731	130	2	choose	choose	VERB
dem-11731	130	3	the	the	DET
dem-11731	130	4	following	follow	VERB
dem-11731	130	5	approach	approach	NOUN
dem-11731	130	6	to	to	PART
dem-11731	130	7	solve	solve	VERB
dem-11731	130	8	this	this	DET
dem-11731	130	9	prob	prob	ADJ
dem-11731	130	10	11	11	NUM
dem-11731	130	11	members	member	NOUN
dem-11731	130	12	of	of	ADP
dem-11731	130	13	world	world	PROPN
dem-11731	130	14	federation	federation	PROPN
dem-11731	130	15	of	of	ADP
dem-11731	130	16	exchanges	exchange	NOUN
dem-11731	130	17	(	(	PUNCT
dem-11731	130	18	wfe	wfe	PROPN
dem-11731	130	19	)	)	PUNCT
dem-11731	130	20	are	be	AUX
dem-11731	130	21	the	the	DET
dem-11731	130	22	biggest	big	ADJ
dem-11731	130	23	and	and	CCONJ
dem-11731	130	24	most	most	ADV
dem-11731	130	25	important	important	ADJ
dem-11731	130	26	stock	stock	NOUN
dem-11731	130	27	exchanges	exchange	NOUN
dem-11731	130	28	in	in	ADP
dem-11731	130	29	the	the	DET
dem-11731	130	30	world	world	NOUN
dem-11731	130	31	;	;	PUNCT
dem-11731	130	32	data	datum	NOUN
dem-11731	130	33	from	from	ADP
dem-11731	130	34	wfe	wfe	PROPN
dem-11731	130	35	,	,	PUNCT
dem-11731	130	36	december	december	PROPN
dem-11731	130	37	2012	2012	NUM
dem-11731	130	38	.	.	PUNCT
dem-11731	131	1	12	12	NUM
dem-11731	131	2	results	result	NOUN
dem-11731	131	3	can	can	AUX
dem-11731	131	4	be	be	AUX
dem-11731	131	5	provided	provide	VERB
dem-11731	131	6	upon	upon	SCONJ
dem-11731	131	7	request	request	NOUN
dem-11731	131	8	.	.	PUNCT
dem-11731	132	1	13	13	NUM
dem-11731	132	2	table	table	NOUN
dem-11731	132	3	5	5	NUM
dem-11731	132	4	in	in	ADP
dem-11731	132	5	jacobsen	jacobsen	PROPN
dem-11731	132	6	and	and	CCONJ
dem-11731	132	7	zhang	zhang	PROPN
dem-11731	132	8	(	(	PUNCT
dem-11731	132	9	2012a	2012a	NUM
dem-11731	132	10	)	)	PUNCT
dem-11731	132	11	.	.	PUNCT
dem-11731	133	1	“	"	PUNCT
dem-11731	133	2	sell	sell	VERB
dem-11731	133	3	not	not	PART
dem-11731	133	4	only	only	ADV
dem-11731	133	5	in	in	ADP
dem-11731	133	6	may	may	PROPN
dem-11731	133	7	”	"	PUNCT
dem-11731	133	8	.	.	PUNCT
dem-11731	134	1	seasonal	seasonal	ADJ
dem-11731	134	2	effect	effect	NOUN
dem-11731	134	3	on	on	ADP
dem-11731	134	4	stock	stock	NOUN
dem-11731	134	5	markets	market	NOUN
dem-11731	134	6	dynamic	dynamic	ADJ
dem-11731	134	7	econometric	econometric	ADJ
dem-11731	134	8	models	model	NOUN
dem-11731	134	9	17	17	NUM
dem-11731	134	10	(	(	PUNCT
dem-11731	134	11	2017	2017	NUM
dem-11731	134	12	)	)	PUNCT
dem-11731	134	13	7–18	7–18	NUM
dem-11731	134	14	13	13	NUM
dem-11731	134	15	lem	lem	NOUN
dem-11731	134	16	:	:	PUNCT
dem-11731	134	17	in	in	ADP
dem-11731	134	18	regressions	regression	NOUN
dem-11731	134	19	(	(	PUNCT
dem-11731	134	20	3	3	NUM
dem-11731	134	21	)	)	PUNCT
dem-11731	134	22	and	and	CCONJ
dem-11731	134	23	(	(	PUNCT
dem-11731	134	24	4	4	X
dem-11731	134	25	)	)	PUNCT
dem-11731	134	26	we	we	PRON
dem-11731	134	27	include	include	VERB
dem-11731	134	28	only	only	ADV
dem-11731	134	29	those	those	DET
dem-11731	134	30	markets	market	NOUN
dem-11731	134	31	that	that	PRON
dem-11731	134	32	meet	meet	VERB
dem-11731	134	33	two	two	NUM
dem-11731	134	34	following	follow	VERB
dem-11731	134	35	conditions	condition	NOUN
dem-11731	134	36	:	:	PUNCT
dem-11731	134	37	1	1	X
dem-11731	134	38	.	.	X
dem-11731	134	39	has	have	AUX
dem-11731	134	40	at	at	ADV
dem-11731	134	41	least	least	ADJ
dem-11731	134	42	50	50	NUM
dem-11731	134	43	observations	observation	NOUN
dem-11731	134	44	2	2	NUM
dem-11731	134	45	.	.	X
dem-11731	134	46	has	have	VERB
dem-11731	134	47	95	95	NUM
dem-11731	134	48	%	%	NOUN
dem-11731	134	49	or	or	CCONJ
dem-11731	134	50	more	more	ADJ
dem-11731	134	51	of	of	ADP
dem-11731	134	52	non	non	ADJ
dem-11731	134	53	-	-	ADJ
dem-11731	134	54	zero	zero	NUM
dem-11731	134	55	ipo	ipo	NOUN
dem-11731	134	56	data	datum	NOUN
dem-11731	134	57	(	(	PUNCT
dem-11731	134	58	i.e.	i.e.	X
dem-11731	134	59	number	number	NOUN
dem-11731	134	60	of	of	ADP
dem-11731	134	61	non	non	ADJ
dem-11731	134	62	-	-	ADJ
dem-11731	134	63	zero	zero	NUM
dem-11731	134	64	ipo	ipo	NOUN
dem-11731	134	65	months	month	NOUN
dem-11731	134	66	–	–	PUNCT
dem-11731	134	67	counted	count	VERB
dem-11731	134	68	from	from	ADP
dem-11731	134	69	given	give	VERB
dem-11731	134	70	month	month	NOUN
dem-11731	134	71	to	to	ADP
dem-11731	134	72	end	end	NOUN
dem-11731	134	73	of	of	ADP
dem-11731	134	74	analyzed	analyze	VERB
dem-11731	134	75	period	period	NOUN
dem-11731	134	76	–	–	PUNCT
dem-11731	134	77	divided	divide	VERB
dem-11731	134	78	by	by	ADP
dem-11731	134	79	the	the	DET
dem-11731	134	80	number	number	NOUN
dem-11731	134	81	of	of	ADP
dem-11731	134	82	months	month	NOUN
dem-11731	134	83	in	in	ADP
dem-11731	134	84	analyzed	analyze	VERB
dem-11731	134	85	period	period	NOUN
dem-11731	134	86	is	be	AUX
dem-11731	134	87	equal	equal	ADJ
dem-11731	134	88	or	or	CCONJ
dem-11731	134	89	greater	great	ADJ
dem-11731	134	90	then	then	ADV
dem-11731	134	91	0.95	0.95	NUM
dem-11731	134	92	)	)	PUNCT
dem-11731	134	93	this	this	DET
dem-11731	134	94	simple	simple	ADJ
dem-11731	134	95	algorithm	algorithm	NOUN
dem-11731	134	96	provides	provide	VERB
dem-11731	134	97	us	we	PRON
dem-11731	134	98	ten	ten	NUM
dem-11731	134	99	indices	index	NOUN
dem-11731	134	100	that	that	PRON
dem-11731	134	101	can	can	AUX
dem-11731	134	102	be	be	AUX
dem-11731	134	103	characterized	characterize	VERB
dem-11731	134	104	by	by	ADP
dem-11731	134	105	frequent	frequent	ADJ
dem-11731	134	106	ipos	ipos	NOUN
dem-11731	134	107	for	for	ADP
dem-11731	134	108	longer	long	ADJ
dem-11731	134	109	period	period	NOUN
dem-11731	134	110	of	of	ADP
dem-11731	134	111	time	time	NOUN
dem-11731	134	112	.	.	PUNCT
dem-11731	135	1	outcomes	outcome	NOUN
dem-11731	135	2	of	of	ADP
dem-11731	135	3	equation	equation	NOUN
dem-11731	135	4	(	(	PUNCT
dem-11731	135	5	3	3	NUM
dem-11731	135	6	)	)	PUNCT
dem-11731	135	7	and	and	CCONJ
dem-11731	135	8	(	(	PUNCT
dem-11731	135	9	4	4	X
dem-11731	135	10	)	)	PUNCT
dem-11731	135	11	presented	present	VERB
dem-11731	135	12	in	in	ADP
dem-11731	135	13	tables	table	NOUN
dem-11731	135	14	1	1	NUM
dem-11731	135	15	and	and	CCONJ
dem-11731	135	16	2	2	NUM
dem-11731	135	17	are	be	AUX
dem-11731	135	18	similar	similar	ADJ
dem-11731	135	19	.	.	PUNCT
dem-11731	136	1	we	we	PRON
dem-11731	136	2	can	can	AUX
dem-11731	136	3	find	find	VERB
dem-11731	136	4	there	there	ADV
dem-11731	136	5	that	that	PRON
dem-11731	136	6	statistically	statistically	ADV
dem-11731	136	7	significant	significant	ADJ
dem-11731	136	8	seasonal	seasonal	ADJ
dem-11731	136	9	effects	effect	NOUN
dem-11731	136	10	–	–	PUNCT
dem-11731	136	11	represented	represent	VERB
dem-11731	136	12	by	by	ADP
dem-11731	136	13	coefficients	coefficient	NOUN
dem-11731	136	14	related	relate	VERB
dem-11731	136	15	to	to	ADP
dem-11731	136	16	particular	particular	ADJ
dem-11731	136	17	months	month	NOUN
dem-11731	136	18	,	,	PUNCT
dem-11731	136	19	exist	exist	VERB
dem-11731	136	20	.	.	PUNCT
dem-11731	137	1	tables	table	NOUN
dem-11731	137	2	1	1	NUM
dem-11731	137	3	and	and	CCONJ
dem-11731	137	4	2	2	NUM
dem-11731	137	5	shows	show	VERB
dem-11731	137	6	january	january	PROPN
dem-11731	137	7	effect	effect	NOUN
dem-11731	137	8	existing	exist	VERB
dem-11731	137	9	in	in	ADP
dem-11731	137	10	korea	korea	PROPN
dem-11731	137	11	,	,	PUNCT
dem-11731	137	12	uk	uk	PROPN
dem-11731	137	13	,	,	PUNCT
dem-11731	137	14	hong	hong	PROPN
dem-11731	137	15	kong	kong	PROPN
dem-11731	137	16	and	and	CCONJ
dem-11731	137	17	india	india	PROPN
dem-11731	137	18	14	14	NUM
dem-11731	137	19	.	.	PUNCT
dem-11731	138	1	most	most	ADJ
dem-11731	138	2	of	of	ADP
dem-11731	138	3	the	the	DET
dem-11731	138	4	statistically	statistically	ADV
dem-11731	138	5	significant	significant	ADJ
dem-11731	138	6	seasonal	seasonal	ADJ
dem-11731	138	7	anomalies	anomaly	NOUN
dem-11731	138	8	,	,	PUNCT
dem-11731	138	9	with	with	ADP
dem-11731	138	10	negative	negative	ADJ
dem-11731	138	11	coefficients	coefficient	NOUN
dem-11731	138	12	,	,	PUNCT
dem-11731	138	13	fall	fall	VERB
dem-11731	138	14	in	in	ADP
dem-11731	138	15	the	the	DET
dem-11731	138	16	periods	period	NOUN
dem-11731	138	17	between	between	ADP
dem-11731	138	18	april	april	PROPN
dem-11731	138	19	-	-	PUNCT
dem-11731	138	20	september	september	PROPN
dem-11731	138	21	(	(	PUNCT
dem-11731	138	22	or	or	CCONJ
dem-11731	138	23	similarly	similarly	ADV
dem-11731	138	24	:	:	PUNCT
dem-11731	138	25	may	may	AUX
dem-11731	138	26	–	–	PUNCT
dem-11731	138	27	october	october	PROPN
dem-11731	138	28	)	)	PUNCT
dem-11731	138	29	and	and	CCONJ
dem-11731	138	30	it	it	PRON
dem-11731	138	31	causes	cause	VERB
dem-11731	138	32	the	the	DET
dem-11731	138	33	cumulative	cumulative	ADJ
dem-11731	138	34	rate	rate	NOUN
dem-11731	138	35	of	of	ADP
dem-11731	138	36	returns	return	NOUN
dem-11731	138	37	of	of	ADP
dem-11731	138	38	6	6	NUM
dem-11731	138	39	-	-	PUNCT
dem-11731	138	40	months	month	NOUN
dem-11731	138	41	investing	investing	NOUN
dem-11731	138	42	strategies	strategy	NOUN
dem-11731	138	43	performing	perform	VERB
dem-11731	138	44	better	well	ADV
dem-11731	138	45	,	,	PUNCT
dem-11731	138	46	when	when	SCONJ
dem-11731	138	47	started	start	VERB
dem-11731	138	48	in	in	ADP
dem-11731	138	49	autumn	autumn	NOUN
dem-11731	138	50	months	month	NOUN
dem-11731	138	51	.	.	PUNCT
dem-11731	139	1	even	even	ADV
dem-11731	139	2	with	with	ADP
dem-11731	139	3	behavioral	behavioral	ADJ
dem-11731	139	4	and	and	CCONJ
dem-11731	139	5	macroeconomic	macroeconomic	ADJ
dem-11731	139	6	control	control	NOUN
dem-11731	139	7	variables	variable	NOUN
dem-11731	139	8	we	we	PRON
dem-11731	139	9	still	still	ADV
dem-11731	139	10	observe	observe	VERB
dem-11731	139	11	seasonal	seasonal	ADJ
dem-11731	139	12	effects	effect	NOUN
dem-11731	139	13	in	in	ADP
dem-11731	139	14	all	all	PRON
dem-11731	139	15	(	(	PUNCT
dem-11731	139	16	excluding	exclude	VERB
dem-11731	139	17	taiwan	taiwan	NOUN
dem-11731	139	18	)	)	PUNCT
dem-11731	139	19	markets	market	NOUN
dem-11731	139	20	.	.	PUNCT
dem-11731	140	1	significantly	significantly	ADV
dem-11731	140	2	lower	low	ADJ
dem-11731	140	3	rates	rate	NOUN
dem-11731	140	4	in	in	ADP
dem-11731	140	5	winter	winter	NOUN
dem-11731	140	6	months	month	NOUN
dem-11731	140	7	means	mean	VERB
dem-11731	140	8	falling	fall	VERB
dem-11731	140	9	prices	price	NOUN
dem-11731	140	10	of	of	ADP
dem-11731	140	11	stock	stock	NOUN
dem-11731	140	12	indexes	index	NOUN
dem-11731	140	13	that	that	PRON
dem-11731	140	14	leads	lead	VERB
dem-11731	140	15	to	to	ADP
dem-11731	140	16	lower	low	ADJ
dem-11731	140	17	cumulative	cumulative	ADJ
dem-11731	140	18	returns	return	NOUN
dem-11731	140	19	in	in	ADP
dem-11731	140	20	six	six	NUM
dem-11731	140	21	months	month	NOUN
dem-11731	140	22	strategies	strategy	NOUN
dem-11731	140	23	.	.	PUNCT
dem-11731	141	1	results	result	VERB
dem-11731	141	2	15	15	NUM
dem-11731	141	3	of	of	ADP
dem-11731	141	4	estimation	estimation	NOUN
dem-11731	141	5	of	of	ADP
dem-11731	141	6	equation	equation	NOUN
dem-11731	141	7	(	(	PUNCT
dem-11731	141	8	1	1	NUM
dem-11731	141	9	)	)	PUNCT
dem-11731	141	10	and	and	CCONJ
dem-11731	141	11	(	(	PUNCT
dem-11731	141	12	2	2	X
dem-11731	141	13	)	)	PUNCT
dem-11731	141	14	show	show	VERB
dem-11731	141	15	us	we	PRON
dem-11731	141	16	that	that	SCONJ
dem-11731	141	17	higher	high	ADJ
dem-11731	141	18	rates	rate	NOUN
dem-11731	141	19	of	of	ADP
dem-11731	141	20	returns	return	NOUN
dem-11731	141	21	occur	occur	VERB
dem-11731	141	22	not	not	PART
dem-11731	141	23	only	only	ADV
dem-11731	141	24	for	for	ADP
dem-11731	141	25	strategies	strategy	NOUN
dem-11731	141	26	lasting	last	VERB
dem-11731	141	27	from	from	ADP
dem-11731	141	28	end	end	NOUN
dem-11731	141	29	of	of	ADP
dem-11731	141	30	october	october	PROPN
dem-11731	141	31	till	till	SCONJ
dem-11731	141	32	end	end	NOUN
dem-11731	141	33	of	of	ADP
dem-11731	141	34	april	april	PROPN
dem-11731	141	35	(	(	PUNCT
dem-11731	141	36	hallowen	hallowen	NOUN
dem-11731	141	37	effect	effect	NOUN
dem-11731	141	38	)	)	PUNCT
dem-11731	141	39	but	but	CCONJ
dem-11731	141	40	the	the	DET
dem-11731	141	41	same	same	ADJ
dem-11731	141	42	is	be	AUX
dem-11731	141	43	true	true	ADJ
dem-11731	141	44	for	for	ADP
dem-11731	141	45	september	september	PROPN
dem-11731	141	46	–	–	PUNCT
dem-11731	141	47	march	march	PROPN
dem-11731	141	48	and	and	CCONJ
dem-11731	141	49	november	november	PROPN
dem-11731	141	50	–	–	PUNCT
dem-11731	141	51	may	may	AUX
dem-11731	141	52	.	.	PUNCT
dem-11731	142	1	such	such	ADJ
dem-11731	142	2	coincidence	coincidence	NOUN
dem-11731	142	3	with	with	ADP
dem-11731	142	4	much	much	ADV
dem-11731	142	5	different	different	ADJ
dem-11731	142	6	from	from	ADP
dem-11731	142	7	each	each	DET
dem-11731	142	8	other	other	ADJ
dem-11731	142	9	seasons	season	NOUN
dem-11731	142	10	of	of	ADP
dem-11731	142	11	the	the	DET
dem-11731	142	12	year	year	NOUN
dem-11731	142	13	could	could	AUX
dem-11731	142	14	convince	convince	VERB
dem-11731	142	15	us	we	PRON
dem-11731	142	16	that	that	SCONJ
dem-11731	142	17	it	it	PRON
dem-11731	142	18	is	be	AUX
dem-11731	142	19	the	the	DET
dem-11731	142	20	weather	weather	NOUN
dem-11731	142	21	factor	factor	NOUN
dem-11731	142	22	that	that	PRON
dem-11731	142	23	cause	cause	VERB
dem-11731	142	24	seasonal	seasonal	ADJ
dem-11731	142	25	effects	effect	NOUN
dem-11731	142	26	.	.	PUNCT
dem-11731	143	1	indeed	indeed	ADV
dem-11731	143	2	many	many	ADJ
dem-11731	143	3	authors	author	NOUN
dem-11731	143	4	like	like	ADP
dem-11731	143	5	kamstra	kamstra	PROPN
dem-11731	143	6	,	,	PUNCT
dem-11731	143	7	kramer	kramer	PROPN
dem-11731	143	8	and	and	CCONJ
dem-11731	143	9	levi	levi	PROPN
dem-11731	143	10	(	(	PUNCT
dem-11731	143	11	2003	2003	NUM
dem-11731	143	12	)	)	PUNCT
dem-11731	143	13	,	,	PUNCT
dem-11731	143	14	cao	cao	PROPN
dem-11731	143	15	and	and	CCONJ
dem-11731	143	16	wei	wei	PROPN
dem-11731	143	17	(	(	PUNCT
dem-11731	143	18	2005	2005	NUM
dem-11731	143	19	)	)	PUNCT
dem-11731	143	20	,	,	PUNCT
dem-11731	143	21	saunders	saunder	NOUN
dem-11731	143	22	(	(	PUNCT
dem-11731	143	23	1993	1993	NUM
dem-11731	143	24	)	)	PUNCT
dem-11731	143	25	,	,	PUNCT
dem-11731	143	26	hirshleifer	hirshleifer	NOUN
dem-11731	143	27	and	and	CCONJ
dem-11731	143	28	shumway	shumway	NOUN
dem-11731	143	29	(	(	PUNCT
dem-11731	143	30	2003	2003	NUM
dem-11731	143	31	)	)	PUNCT
dem-11731	143	32	support	support	VERB
dem-11731	143	33	such	such	ADJ
dem-11731	143	34	thesis	thesis	NOUN
dem-11731	143	35	.	.	PUNCT
dem-11731	144	1	from	from	ADP
dem-11731	144	2	the	the	DET
dem-11731	144	3	other	other	ADJ
dem-11731	144	4	hand	hand	NOUN
dem-11731	144	5	there	there	PRON
dem-11731	144	6	is	be	VERB
dem-11731	144	7	broad	broad	ADJ
dem-11731	144	8	literature	literature	NOUN
dem-11731	144	9	that	that	PRON
dem-11731	144	10	criticize	criticize	VERB
dem-11731	144	11	weather	weather	NOUN
dem-11731	144	12	factor	factor	NOUN
dem-11731	144	13	as	as	ADP
dem-11731	144	14	cause	cause	NOUN
dem-11731	144	15	of	of	ADP
dem-11731	144	16	sim	sim	ADJ
dem-11731	144	17	and	and	CCONJ
dem-11731	144	18	hal	hal	PROPN
dem-11731	144	19	effects	effect	NOUN
dem-11731	144	20	,	,	PUNCT
dem-11731	144	21	for	for	ADP
dem-11731	144	22	instance	instance	NOUN
dem-11731	144	23	:	:	PUNCT
dem-11731	144	24	jacobsen	jacobsen	PROPN
dem-11731	144	25	and	and	CCONJ
dem-11731	144	26	marquering	marquering	ADJ
dem-11731	144	27	(	(	PUNCT
dem-11731	144	28	2008	2008	NUM
dem-11731	144	29	)	)	PUNCT
dem-11731	144	30	,	,	PUNCT
dem-11731	144	31	and	and	CCONJ
dem-11731	144	32	more	more	ADV
dem-11731	144	33	recently	recently	ADV
dem-11731	144	34	kaustia	kaustia	PROPN
dem-11731	144	35	and	and	CCONJ
dem-11731	144	36	rantapuska	rantapuska	NOUN
dem-11731	144	37	(	(	PUNCT
dem-11731	144	38	2016	2016	NUM
dem-11731	144	39	)	)	PUNCT
dem-11731	144	40	.	.	PUNCT
dem-11731	145	1	the	the	DET
dem-11731	145	2	final	final	ADJ
dem-11731	145	3	step	step	NOUN
dem-11731	145	4	in	in	ADP
dem-11731	145	5	our	our	PRON
dem-11731	145	6	analysis	analysis	NOUN
dem-11731	145	7	is	be	AUX
dem-11731	145	8	to	to	PART
dem-11731	145	9	examine	examine	VERB
dem-11731	145	10	postulated	postulate	VERB
dem-11731	145	11	in	in	ADP
dem-11731	145	12	literature	literature	NOUN
dem-11731	145	13	role	role	NOUN
dem-11731	145	14	of	of	ADP
dem-11731	145	15	sunlight	sunlight	NOUN
dem-11731	145	16	in	in	ADP
dem-11731	145	17	seasonal	seasonal	ADJ
dem-11731	145	18	anomalies	anomaly	NOUN
dem-11731	145	19	.	.	PUNCT
dem-11731	146	1	to	to	PART
dem-11731	146	2	check	check	VERB
dem-11731	146	3	this	this	PRON
dem-11731	146	4	,	,	PUNCT
dem-11731	146	5	we	we	PRON
dem-11731	146	6	run	run	VERB
dem-11731	146	7	cross	cross	ADJ
dem-11731	146	8	-	-	ADJ
dem-11731	146	9	sectional	sectional	ADJ
dem-11731	146	10	regressions	regression	NOUN
dem-11731	146	11	described	describe	VERB
dem-11731	146	12	in	in	ADP
dem-11731	146	13	equation	equation	NOUN
dem-11731	146	14	(	(	PUNCT
dem-11731	146	15	5	5	NUM
dem-11731	146	16	)	)	PUNCT
dem-11731	146	17	.	.	PUNCT
dem-11731	147	1	we	we	PRON
dem-11731	147	2	tested	test	VERB
dem-11731	147	3	6	6	NUM
dem-11731	147	4	-	-	PUNCT
dem-11731	147	5	months	month	NOUN
dem-11731	147	6	-	-	PUNCT
dem-11731	147	7	strategies	strategy	NOUN
dem-11731	147	8	rates	rate	NOUN
dem-11731	147	9	of	of	ADP
dem-11731	147	10	returns	return	NOUN
dem-11731	147	11	,	,	PUNCT
dem-11731	147	12	with	with	ADP
dem-11731	147	13	risk	risk	NOUN
dem-11731	147	14	(	(	PUNCT
dem-11731	147	15	average	average	ADJ
dem-11731	147	16	standard	standard	ADJ
dem-11731	147	17	deviation	deviation	NOUN
dem-11731	147	18	for	for	ADP
dem-11731	147	19	time	time	NOUN
dem-11731	147	20	of	of	ADP
dem-11731	147	21	the	the	DET
dem-11731	147	22	strategy	strategy	NOUN
dem-11731	147	23	)	)	PUNCT
dem-11731	147	24	as	as	ADP
dem-11731	147	25	control	control	NOUN
dem-11731	147	26	variable	variable	NOUN
dem-11731	147	27	16	16	NUM
dem-11731	147	28	.	.	PUNCT
dem-11731	148	1	14	14	NUM
dem-11731	148	2	january	january	PROPN
dem-11731	148	3	effect	effect	NOUN
dem-11731	148	4	disappear	disappear	VERB
dem-11731	148	5	after	after	ADP
dem-11731	148	6	controlling	control	VERB
dem-11731	148	7	for	for	ADP
dem-11731	148	8	consumer	consumer	NOUN
dem-11731	148	9	confidence	confidence	NOUN
dem-11731	148	10	indicator	indicator	NOUN
dem-11731	148	11	in	in	ADP
dem-11731	148	12	the	the	DET
dem-11731	148	13	case	case	NOUN
dem-11731	148	14	of	of	ADP
dem-11731	148	15	korea	korea	PROPN
dem-11731	148	16	and	and	CCONJ
dem-11731	148	17	hong	hong	PROPN
dem-11731	148	18	kong	kong	PROPN
dem-11731	148	19	–	–	PUNCT
dem-11731	148	20	see	see	VERB
dem-11731	148	21	table	table	NOUN
dem-11731	148	22	2	2	NUM
dem-11731	148	23	.	.	SYM
dem-11731	148	24	15	15	NUM
dem-11731	148	25	results	result	NOUN
dem-11731	148	26	available	available	ADJ
dem-11731	148	27	upon	upon	SCONJ
dem-11731	148	28	request	request	NOUN
dem-11731	148	29	.	.	PUNCT
dem-11731	149	1	16	16	NUM
dem-11731	149	2	we	we	PRON
dem-11731	149	3	also	also	ADV
dem-11731	149	4	run	run	VERB
dem-11731	149	5	these	these	DET
dem-11731	149	6	regressions	regression	NOUN
dem-11731	149	7	with	with	ADP
dem-11731	149	8	additional	additional	ADJ
dem-11731	149	9	average	average	ADJ
dem-11731	149	10	ipo	ipo	NOUN
dem-11731	149	11	factor	factor	NOUN
dem-11731	149	12	but	but	CCONJ
dem-11731	149	13	,	,	PUNCT
dem-11731	149	14	due	due	ADP
dem-11731	149	15	to	to	ADP
dem-11731	149	16	lack	lack	NOUN
dem-11731	149	17	of	of	ADP
dem-11731	149	18	frequent	frequent	ADJ
dem-11731	149	19	ipos	ipos	NOUN
dem-11731	149	20	in	in	ADP
dem-11731	149	21	most	most	ADJ
dem-11731	149	22	countries	country	NOUN
dem-11731	149	23	we	we	PRON
dem-11731	149	24	do	do	AUX
dem-11731	149	25	not	not	PART
dem-11731	149	26	present	present	VERB
dem-11731	149	27	these	these	DET
dem-11731	149	28	results	result	NOUN
dem-11731	149	29	.	.	PUNCT
dem-11731	150	1	in	in	ADP
dem-11731	150	2	case	case	NOUN
dem-11731	150	3	of	of	ADP
dem-11731	150	4	behavioral	behavioral	ADJ
dem-11731	150	5	variables	variable	NOUN
dem-11731	150	6	,	,	PUNCT
dem-11731	150	7	where	where	SCONJ
dem-11731	150	8	we	we	PRON
dem-11731	150	9	want	want	VERB
dem-11731	150	10	to	to	PART
dem-11731	150	11	preserve	preserve	VERB
dem-11731	150	12	the	the	DET
dem-11731	150	13	same	same	ADJ
dem-11731	150	14	source	source	NOUN
dem-11731	150	15	of	of	ADP
dem-11731	150	16	data	datum	NOUN
dem-11731	150	17	and	and	CCONJ
dem-11731	150	18	methodology	methodology	NOUN
dem-11731	150	19	of	of	ADP
dem-11731	150	20	calculations	calculation	NOUN
dem-11731	150	21	tomasz	tomasz	PROPN
dem-11731	150	22	schabek	schabek	NOUN
dem-11731	150	23	,	,	PUNCT
dem-11731	150	24	henrique	henrique	PROPN
dem-11731	150	25	castro	castro	PROPN
dem-11731	150	26	dynamic	dynamic	ADJ
dem-11731	150	27	econometric	econometric	ADJ
dem-11731	150	28	models	model	NOUN
dem-11731	150	29	17	17	NUM
dem-11731	150	30	(	(	PUNCT
dem-11731	150	31	2017	2017	NUM
dem-11731	150	32	)	)	PUNCT
dem-11731	150	33	5–18	5–18	NUM
dem-11731	150	34	14	14	NUM
dem-11731	150	35	table	table	NOUN
dem-11731	150	36	1	1	NUM
dem-11731	150	37	.	.	PUNCT
dem-11731	150	38	coefficients	coefficient	NOUN
dem-11731	150	39	of	of	ADP
dem-11731	150	40	estimation	estimation	NOUN
dem-11731	150	41	of	of	ADP
dem-11731	150	42	equation	equation	NOUN
dem-11731	150	43	(	(	PUNCT
dem-11731	150	44	3	3	NUM
dem-11731	150	45	)	)	PUNCT
dem-11731	150	46	–	–	PUNCT
dem-11731	151	1	d	d	X
dem-11731	151	2	,	,	PUNCT
dem-11731	151	3	,	,	PUNCT
dem-11731	151	4	,	,	PUNCT
dem-11731	151	5	,	,	PUNCT
dem-11731	151	6	for	for	ADP
dem-11731	151	7	particular	particular	ADJ
dem-11731	151	8	market	market	NOUN
dem-11731	151	9	variable	variable	PROPN
dem-11731	151	10	australia	australia	PROPN
dem-11731	151	11	canada	canada	PROPN
dem-11731	151	12	china	china	PROPN
dem-11731	151	13	japan	japan	PROPN
dem-11731	151	14	korea	korea	PROPN
dem-11731	151	15	jan	jan	PROPN
dem-11731	151	16	–	–	PUNCT
dem-11731	151	17	0.01	0.01	NUM
dem-11731	151	18	–	–	PUNCT
dem-11731	151	19	0.01	0.01	NUM
dem-11731	151	20	–	–	PUNCT
dem-11731	151	21	0.04	0.04	NUM
dem-11731	151	22	–	–	PUNCT
dem-11731	151	23	0.01	0.01	NUM
dem-11731	151	24	–	–	PUNCT
dem-11731	151	25	0.06	0.06	NUM
dem-11731	151	26	*	*	SYM
dem-11731	151	27	feb	feb	X
dem-11731	151	28	–	–	PUNCT
dem-11731	151	29	0.01	0.01	NUM
dem-11731	151	30	–	–	PUNCT
dem-11731	151	31	0.02	0.02	NUM
dem-11731	151	32	0.01	0.01	NUM
dem-11731	151	33	–	–	PUNCT
dem-11731	151	34	0.02	0.02	NUM
dem-11731	151	35	–	–	PUNCT
dem-11731	151	36	0.02	0.02	NUM
dem-11731	151	37	mar	mar	PROPN
dem-11731	151	38	–	–	PUNCT
dem-11731	151	39	0.02	0.02	NUM
dem-11731	151	40	–	–	PUNCT
dem-11731	151	41	0.03	0.03	NUM
dem-11731	151	42	*	*	PUNCT
dem-11731	151	43	–	–	PUNCT
dem-11731	151	44	0.02	0.02	NUM
dem-11731	151	45	0.01	0.01	NUM
dem-11731	151	46	–	–	PUNCT
dem-11731	151	47	0.01	0.01	NUM
dem-11731	151	48	apr	apr	NOUN
dem-11731	151	49	–	–	PUNCT
dem-11731	151	50	0.02	0.02	NUM
dem-11731	151	51	–	–	PUNCT
dem-11731	151	52	0.02	0.02	NUM
dem-11731	151	53	–	–	PUNCT
dem-11731	151	54	0.01	0.01	NUM
dem-11731	151	55	0.01	0.01	NUM
dem-11731	151	56	0.02	0.02	NUM
dem-11731	151	57	may	may	NOUN
dem-11731	151	58	0	0	NUM
dem-11731	151	59	0	0	NUM
dem-11731	151	60	0.02	0.02	NUM
dem-11731	151	61	–	–	PUNCT
dem-11731	151	62	0.02	0.02	NUM
dem-11731	151	63	–	–	PUNCT
dem-11731	151	64	0.03	0.03	NUM
dem-11731	151	65	jun	jun	PROPN
dem-11731	151	66	–	–	PUNCT
dem-11731	151	67	0.03	0.03	NUM
dem-11731	151	68	*	*	PUNCT
dem-11731	151	69	–	–	PUNCT
dem-11731	151	70	0.03	0.03	NUM
dem-11731	151	71	*	*	SYM
dem-11731	151	72	*	*	PUNCT
dem-11731	151	73	–	–	PUNCT
dem-11731	151	74	0.06	0.06	NUM
dem-11731	151	75	–	–	PUNCT
dem-11731	151	76	0.01	0.01	NUM
dem-11731	151	77	–	–	PUNCT
dem-11731	151	78	0.04	0.04	NUM
dem-11731	151	79	jul	jul	PROPN
dem-11731	151	80	–	–	PUNCT
dem-11731	151	81	0.01	0.01	NUM
dem-11731	151	82	–	–	PUNCT
dem-11731	151	83	0.01	0.01	NUM
dem-11731	151	84	–	–	PUNCT
dem-11731	151	85	0.06	0.06	NUM
dem-11731	151	86	–	–	PUNCT
dem-11731	151	87	0.02	0.02	NUM
dem-11731	151	88	–	–	PUNCT
dem-11731	151	89	0.02	0.02	NUM
dem-11731	151	90	aug	aug	PROPN
dem-11731	151	91	–	–	PUNCT
dem-11731	151	92	0.02	0.02	NUM
dem-11731	151	93	–	–	PUNCT
dem-11731	151	94	0.02	0.02	NUM
dem-11731	151	95	–	–	PUNCT
dem-11731	151	96	0.04	0.04	NUM
dem-11731	151	97	–	–	PUNCT
dem-11731	151	98	0.01	0.01	NUM
dem-11731	151	99	–	–	PUNCT
dem-11731	151	100	0.03	0.03	NUM
dem-11731	151	101	sep	sep	NOUN
dem-11731	151	102	–	–	PUNCT
dem-11731	151	103	0.03	0.03	NUM
dem-11731	151	104	*	*	PUNCT
dem-11731	151	105	*	*	PUNCT
dem-11731	151	106	–	–	PUNCT
dem-11731	151	107	0.04	0.04	NUM
dem-11731	151	108	*	*	PUNCT
dem-11731	151	109	*	*	PUNCT
dem-11731	151	110	–	–	PUNCT
dem-11731	151	111	0.03	0.03	NUM
dem-11731	151	112	–	–	PUNCT
dem-11731	151	113	0.03	0.03	NUM
dem-11731	151	114	–	–	PUNCT
dem-11731	151	115	0.03	0.03	NUM
dem-11731	151	116	oct	oct	PROPN
dem-11731	151	117	–	–	PUNCT
dem-11731	151	118	0.01	0.01	NUM
dem-11731	151	119	–	–	PUNCT
dem-11731	151	120	0.01	0.01	NUM
dem-11731	151	121	–	–	PUNCT
dem-11731	151	122	0.07	0.07	NUM
dem-11731	151	123	–	–	PUNCT
dem-11731	151	124	0.03	0.03	NUM
dem-11731	151	125	*	*	PUNCT
dem-11731	151	126	–	–	PUNCT
dem-11731	151	127	0.06	0.06	NUM
dem-11731	151	128	*	*	NOUN
dem-11731	151	129	nov	nov	PROPN
dem-11731	151	130	–	–	PUNCT
dem-11731	151	131	0.02	0.02	NUM
dem-11731	151	132	–	–	PUNCT
dem-11731	151	133	0.02	0.02	NUM
dem-11731	151	134	–	–	PUNCT
dem-11731	151	135	0.02	0.02	NUM
dem-11731	151	136	0	0	NUM
dem-11731	151	137	–	–	PUNCT
dem-11731	151	138	0.01	0.01	NUM
dem-11731	151	139	–	–	PUNCT
dem-11731	151	140	0.01	0.01	NUM
dem-11731	151	141	*	*	PUNCT
dem-11731	151	142	–	–	PUNCT
dem-11731	151	143	0.01	0.01	NUM
dem-11731	151	144	*	*	NOUN
dem-11731	151	145	*	*	PUNCT
dem-11731	151	146	0.04	0.04	NUM
dem-11731	151	147	*	*	PUNCT
dem-11731	151	148	*	*	PUNCT
dem-11731	151	149	–	–	PUNCT
dem-11731	151	150	0.02	0.02	NUM
dem-11731	151	151	*	*	PUNCT
dem-11731	151	152	*	*	PUNCT
dem-11731	151	153	*	*	PUNCT
dem-11731	151	154	–	–	PUNCT
dem-11731	151	155	0.01	0.01	NUM
dem-11731	151	156	indpr	indpr	NOUN
dem-11731	151	157	0.72	0.72	NUM
dem-11731	151	158	–	–	PUNCT
dem-11731	151	159	0.18	0.18	NUM
dem-11731	151	160	2.17	2.17	NUM
dem-11731	151	161	*	*	PUNCT
dem-11731	151	162	*	*	PUNCT
dem-11731	151	163	*	*	PUNCT
dem-11731	151	164	0.29	0.29	NUM
dem-11731	151	165	0.51	0.51	NUM
dem-11731	151	166	*	*	PUNCT
dem-11731	151	167	ipo	ipo	NOUN
dem-11731	151	168	0	0	NUM
dem-11731	151	169	0	0	NUM
dem-11731	151	170	0	0	NUM
dem-11731	151	171	0	0	NUM
dem-11731	152	1	0.01	0.01	NUM
dem-11731	152	2	*	*	PUNCT
dem-11731	152	3	*	*	PUNCT
dem-11731	153	1	d	d	NUM
dem-11731	153	2	0.02	0.02	NUM
dem-11731	153	3	0.02	0.02	NUM
dem-11731	153	4	0.01	0.01	NUM
dem-11731	153	5	0.01	0.01	NUM
dem-11731	153	6	0.02	0.02	NUM
dem-11731	153	7	variable	variable	ADJ
dem-11731	153	8	uk	uk	PROPN
dem-11731	153	9	us	us	PROPN
dem-11731	153	10	hong	hong	PROPN
dem-11731	153	11	kong	kong	PROPN
dem-11731	153	12	india	india	PROPN
dem-11731	153	13	taiwan	taiwan	PROPN
dem-11731	153	14	jan	jan	PROPN
dem-11731	153	15	–	–	PUNCT
dem-11731	153	16	0.03	0.03	NUM
dem-11731	153	17	*	*	PUNCT
dem-11731	153	18	*	*	PUNCT
dem-11731	153	19	–	–	PUNCT
dem-11731	153	20	0.01	0.01	NUM
dem-11731	153	21	–	–	PUNCT
dem-11731	153	22	0.04	0.04	NUM
dem-11731	153	23	*	*	PUNCT
dem-11731	153	24	–	–	PUNCT
dem-11731	153	25	0.09	0.09	NUM
dem-11731	153	26	*	*	NOUN
dem-11731	153	27	*	*	PUNCT
dem-11731	153	28	–	–	PUNCT
dem-11731	153	29	0.04	0.04	NUM
dem-11731	153	30	feb	feb	X
dem-11731	153	31	–	–	PUNCT
dem-11731	153	32	0.02	0.02	NUM
dem-11731	153	33	–	–	PUNCT
dem-11731	153	34	0.02	0.02	NUM
dem-11731	153	35	0.01	0.01	NUM
dem-11731	153	36	–	–	PUNCT
dem-11731	153	37	0.07	0.07	NUM
dem-11731	153	38	*	*	PUNCT
dem-11731	153	39	–	–	PUNCT
dem-11731	153	40	0.01	0.01	NUM
dem-11731	153	41	mar	mar	PROPN
dem-11731	153	42	–	–	PUNCT
dem-11731	153	43	0.02	0.02	NUM
dem-11731	153	44	–	–	PUNCT
dem-11731	153	45	0.02	0.02	NUM
dem-11731	153	46	–	–	PUNCT
dem-11731	153	47	0.04	0.04	NUM
dem-11731	153	48	*	*	PUNCT
dem-11731	153	49	*	*	PUNCT
dem-11731	153	50	–	–	PUNCT
dem-11731	153	51	0.05	0.05	NUM
dem-11731	153	52	–	–	PUNCT
dem-11731	153	53	0.02	0.02	NUM
dem-11731	153	54	apr	apr	NOUN
dem-11731	153	55	–	–	PUNCT
dem-11731	153	56	0.01	0.01	NUM
dem-11731	153	57	–	–	PUNCT
dem-11731	153	58	0.01	0.01	NUM
dem-11731	153	59	0	0	NUM
dem-11731	153	60	–	–	PUNCT
dem-11731	153	61	0.01	0.01	NUM
dem-11731	153	62	–	–	PUNCT
dem-11731	153	63	0.01	0.01	NUM
dem-11731	153	64	may	may	NOUN
dem-11731	153	65	–	–	PUNCT
dem-11731	153	66	0.03	0.03	NUM
dem-11731	153	67	*	*	PUNCT
dem-11731	153	68	*	*	PUNCT
dem-11731	153	69	–	–	PUNCT
dem-11731	153	70	0.01	0.01	NUM
dem-11731	153	71	0	0	NUM
dem-11731	153	72	–	–	PUNCT
dem-11731	153	73	0.05	0.05	NUM
dem-11731	153	74	–	–	PUNCT
dem-11731	153	75	0.01	0.01	NUM
dem-11731	153	76	jun	jun	PROPN
dem-11731	153	77	–	–	PUNCT
dem-11731	153	78	0.02	0.02	NUM
dem-11731	153	79	–	–	PUNCT
dem-11731	153	80	0.03	0.03	NUM
dem-11731	153	81	*	*	PUNCT
dem-11731	153	82	*	*	PUNCT
dem-11731	153	83	–	–	PUNCT
dem-11731	153	84	0.02	0.02	NUM
dem-11731	153	85	–	–	PUNCT
dem-11731	153	86	0.06	0.06	NUM
dem-11731	153	87	–	–	PUNCT
dem-11731	153	88	0.04	0.04	NUM
dem-11731	153	89	jul	jul	PROPN
dem-11731	153	90	–	–	PUNCT
dem-11731	153	91	0.01	0.01	NUM
dem-11731	153	92	–	–	PUNCT
dem-11731	153	93	0.02	0.02	NUM
dem-11731	153	94	0	0	NUM
dem-11731	153	95	0	0	NUM
dem-11731	153	96	–	–	PUNCT
dem-11731	153	97	0.01	0.01	NUM
dem-11731	153	98	aug	aug	PROPN
dem-11731	153	99	–	–	PUNCT
dem-11731	153	100	0.02	0.02	NUM
dem-11731	153	101	–	–	PUNCT
dem-11731	153	102	0.02	0.02	NUM
dem-11731	153	103	–	–	PUNCT
dem-11731	153	104	0.03	0.03	NUM
dem-11731	153	105	–	–	PUNCT
dem-11731	153	106	0.03	0.03	NUM
dem-11731	153	107	–	–	PUNCT
dem-11731	153	108	0.03	0.03	NUM
dem-11731	153	109	sep	sep	NOUN
dem-11731	153	110	–	–	PUNCT
dem-11731	153	111	0.03	0.03	NUM
dem-11731	153	112	*	*	PUNCT
dem-11731	153	113	–	–	PUNCT
dem-11731	153	114	0.02	0.02	NUM
dem-11731	153	115	–	–	PUNCT
dem-11731	153	116	0.02	0.02	NUM
dem-11731	153	117	0	0	NUM
dem-11731	153	118	–	–	PUNCT
dem-11731	153	119	0.03	0.03	NUM
dem-11731	153	120	oct	oct	PROPN
dem-11731	153	121	–	–	PUNCT
dem-11731	153	122	0.01	0.01	NUM
dem-11731	153	123	–	–	PUNCT
dem-11731	153	124	0.01	0.01	NUM
dem-11731	153	125	0	0	NUM
dem-11731	153	126	–	–	PUNCT
dem-11731	153	127	0.07	0.07	NUM
dem-11731	153	128	*	*	PUNCT
dem-11731	153	129	–	–	PUNCT
dem-11731	153	130	0.03	0.03	NUM
dem-11731	153	131	nov	nov	NOUN
dem-11731	153	132	–	–	PUNCT
dem-11731	153	133	0.01	0.01	NUM
dem-11731	153	134	–	–	PUNCT
dem-11731	153	135	0.01	0.01	NUM
dem-11731	153	136	–	–	PUNCT
dem-11731	153	137	0.01	0.01	NUM
dem-11731	153	138	–	–	PUNCT
dem-11731	153	139	0.04	0.04	NUM
dem-11731	153	140	–	–	PUNCT
dem-11731	153	141	0.02	0.02	NUM
dem-11731	153	142	–	–	PUNCT
dem-11731	153	143	0.01	0.01	NUM
dem-11731	153	144	*	*	PUNCT
dem-11731	153	145	–	–	PUNCT
dem-11731	153	146	0.01	0.01	NUM
dem-11731	153	147	*	*	PUNCT
dem-11731	153	148	*	*	PUNCT
dem-11731	153	149	*	*	PUNCT
dem-11731	153	150	–	–	PUNCT
dem-11731	153	151	0.02	0.02	NUM
dem-11731	153	152	*	*	PUNCT
dem-11731	153	153	–	–	PUNCT
dem-11731	153	154	0.11	0.11	NUM
dem-11731	153	155	*	*	PUNCT
dem-11731	153	156	*	*	PUNCT
dem-11731	153	157	*	*	PUNCT
dem-11731	153	158	–	–	PUNCT
dem-11731	153	159	0.05	0.05	NUM
dem-11731	153	160	*	*	PUNCT
dem-11731	153	161	*	*	PUNCT
dem-11731	153	162	indpr	indpr	PROPN
dem-11731	153	163	0.36	0.36	NUM
dem-11731	153	164	–	–	PUNCT
dem-11731	153	165	0.72	0.72	NUM
dem-11731	153	166	*	*	PUNCT
dem-11731	153	167	*	*	PUNCT
dem-11731	153	168	*	*	PUNCT
dem-11731	153	169	1.79	1.79	NUM
dem-11731	153	170	*	*	PUNCT
dem-11731	153	171	*	*	PUNCT
dem-11731	153	172	*	*	PUNCT
dem-11731	153	173	0.69	0.69	NUM
dem-11731	153	174	0.69	0.69	NUM
dem-11731	153	175	*	*	PUNCT
dem-11731	153	176	*	*	PUNCT
dem-11731	153	177	*	*	PUNCT
dem-11731	153	178	ipo	ipo	NOUN
dem-11731	153	179	0	0	NUM
dem-11731	153	180	0	0	NUM
dem-11731	153	181	0	0	NUM
dem-11731	153	182	0	0	NUM
dem-11731	153	183	0	0	NUM
dem-11731	153	184	d	d	NOUN
dem-11731	153	185	0.03	0.03	NUM
dem-11731	153	186	*	*	PUNCT
dem-11731	153	187	*	*	PUNCT
dem-11731	153	188	0.02	0.02	NUM
dem-11731	153	189	*	*	PUNCT
dem-11731	153	190	*	*	PUNCT
dem-11731	153	191	0.02	0.02	NUM
dem-11731	153	192	0.05	0.05	NUM
dem-11731	153	193	0.02	0.02	NUM
dem-11731	153	194	note	note	NOUN
dem-11731	153	195	:	:	PUNCT
dem-11731	153	196	table	table	NOUN
dem-11731	153	197	contains	contain	VERB
dem-11731	153	198	estimations	estimation	NOUN
dem-11731	153	199	of	of	ADP
dem-11731	153	200	coefficients	coefficient	NOUN
dem-11731	153	201	from	from	ADP
dem-11731	153	202	equation	equation	NOUN
dem-11731	153	203	(	(	PUNCT
dem-11731	153	204	3	3	NUM
dem-11731	153	205	)	)	PUNCT
dem-11731	153	206	.	.	PUNCT
dem-11731	154	1	significance	significance	NOUN
dem-11731	154	2	levels	level	NOUN
dem-11731	154	3	:	:	PUNCT
dem-11731	155	1	*	*	PUNCT
dem-11731	155	2	*	*	PUNCT
dem-11731	155	3	*	*	PUNCT
dem-11731	155	4	–	–	PUNCT
dem-11731	155	5	0.01	0.01	NUM
dem-11731	155	6	,	,	PUNCT
dem-11731	155	7	*	*	PUNCT
dem-11731	155	8	*	*	PUNCT
dem-11731	155	9	–	–	PUNCT
dem-11731	155	10	0.05	0.05	NUM
dem-11731	155	11	,	,	PUNCT
dem-11731	155	12	*	*	PUNCT
dem-11731	155	13	–	–	PUNCT
dem-11731	155	14	0.10	0.10	NUM
dem-11731	155	15	.	.	PUNCT
dem-11731	156	1	data	datum	NOUN
dem-11731	156	2	cover	cover	VERB
dem-11731	156	3	maximum	maximum	ADJ
dem-11731	156	4	possible	possible	ADJ
dem-11731	156	5	period	period	NOUN
dem-11731	156	6	for	for	ADP
dem-11731	156	7	each	each	DET
dem-11731	156	8	market	market	NOUN
dem-11731	156	9	.	.	PUNCT
dem-11731	157	1	symbolizes	symbolize	VERB
dem-11731	157	2	number	number	NOUN
dem-11731	157	3	of	of	ADP
dem-11731	157	4	ipos	ipos	NOUN
dem-11731	157	5	in	in	ADP
dem-11731	157	6	month	month	NOUN
dem-11731	157	7	for	for	ADP
dem-11731	157	8	market	market	NOUN
dem-11731	157	9	j	j	PROPN
dem-11731	157	10	,	,	PUNCT
dem-11731	157	11	marks	mark	VERB
dem-11731	157	12	growth	growth	NOUN
dem-11731	157	13	rate	rate	NOUN
dem-11731	157	14	of	of	ADP
dem-11731	157	15	industrial	industrial	ADJ
dem-11731	157	16	production	production	NOUN
dem-11731	157	17	for	for	ADP
dem-11731	157	18	each	each	DET
dem-11731	157	19	market	market	NOUN
dem-11731	157	20	,	,	PUNCT
dem-11731	157	21	symbolizes	symbolize	VERB
dem-11731	157	22	baker	baker	NOUN
dem-11731	157	23	-	-	PUNCT
dem-11731	157	24	wurgler	wurgler	PROPN
dem-11731	157	25	sentiment	sentiment	NOUN
dem-11731	157	26	index	index	NOUN
dem-11731	157	27	.	.	PUNCT
dem-11731	158	1	we	we	PRON
dem-11731	158	2	could	could	AUX
dem-11731	158	3	not	not	PART
dem-11731	158	4	include	include	VERB
dem-11731	158	5	cci	cci	NOUN
dem-11731	158	6	factors	factor	NOUN
dem-11731	158	7	in	in	ADP
dem-11731	158	8	cross	cross	ADJ
dem-11731	158	9	sectional	sectional	ADJ
dem-11731	158	10	regressions	regression	NOUN
dem-11731	158	11	of	of	ADP
dem-11731	158	12	6	6	NUM
dem-11731	158	13	months	month	NOUN
dem-11731	158	14	strategies	strategy	NOUN
dem-11731	158	15	because	because	SCONJ
dem-11731	158	16	cci	cci	PROPN
dem-11731	158	17	is	be	AUX
dem-11731	158	18	calculated	calculate	VERB
dem-11731	158	19	by	by	ADP
dem-11731	158	20	oecd	oecd	PROPN
dem-11731	158	21	in	in	ADP
dem-11731	158	22	the	the	DET
dem-11731	158	23	way	way	NOUN
dem-11731	158	24	that	that	PRON
dem-11731	158	25	six	six	NUM
dem-11731	158	26	months	month	NOUN
dem-11731	158	27	moving	move	VERB
dem-11731	158	28	averages	average	NOUN
dem-11731	158	29	have	have	VERB
dem-11731	158	30	the	the	DET
dem-11731	158	31	same	same	ADJ
dem-11731	158	32	values	value	NOUN
dem-11731	158	33	.	.	PUNCT
dem-11731	159	1	“	"	PUNCT
dem-11731	159	2	sell	sell	VERB
dem-11731	159	3	not	not	PART
dem-11731	159	4	only	only	ADV
dem-11731	159	5	in	in	ADP
dem-11731	159	6	may	may	PROPN
dem-11731	159	7	”	"	PUNCT
dem-11731	159	8	.	.	PUNCT
dem-11731	160	1	seasonal	seasonal	ADJ
dem-11731	160	2	effect	effect	NOUN
dem-11731	160	3	on	on	ADP
dem-11731	160	4	stock	stock	NOUN
dem-11731	160	5	markets	market	NOUN
dem-11731	160	6	dynamic	dynamic	ADJ
dem-11731	160	7	econometric	econometric	ADJ
dem-11731	160	8	models	model	NOUN
dem-11731	160	9	17	17	NUM
dem-11731	160	10	(	(	PUNCT
dem-11731	160	11	2017	2017	NUM
dem-11731	160	12	)	)	PUNCT
dem-11731	160	13	7–18	7–18	NUM
dem-11731	160	14	15	15	NUM
dem-11731	160	15	table	table	NOUN
dem-11731	160	16	2	2	NUM
dem-11731	160	17	.	.	PUNCT
dem-11731	160	18	coefficients	coefficient	NOUN
dem-11731	160	19	of	of	ADP
dem-11731	160	20	estimation	estimation	NOUN
dem-11731	160	21	of	of	ADP
dem-11731	160	22	equation	equation	NOUN
dem-11731	160	23	(	(	PUNCT
dem-11731	160	24	4	4	NUM
dem-11731	160	25	)	)	PUNCT
dem-11731	160	26	–	–	PUNCT
dem-11731	160	27	,	,	PUNCT
dem-11731	160	28	for	for	ADP
dem-11731	160	29	particular	particular	ADJ
dem-11731	160	30	market	market	NOUN
dem-11731	160	31	variable	variable	PROPN
dem-11731	160	32	australia	australia	PROPN
dem-11731	160	33	canada	canada	PROPN
dem-11731	160	34	china	china	PROPN
dem-11731	160	35	japan	japan	PROPN
dem-11731	160	36	korea	korea	PROPN
dem-11731	160	37	jan	jan	PROPN
dem-11731	160	38	–	–	PUNCT
dem-11731	160	39	0.01	0.01	NUM
dem-11731	160	40	–	–	PUNCT
dem-11731	160	41	0.01	0.01	NUM
dem-11731	160	42	–	–	PUNCT
dem-11731	160	43	0.03	0.03	NUM
dem-11731	160	44	–	–	PUNCT
dem-11731	160	45	0.01	0.01	NUM
dem-11731	160	46	–	–	PUNCT
dem-11731	160	47	0.04	0.04	NUM
dem-11731	160	48	feb	feb	NOUN
dem-11731	160	49	–	–	PUNCT
dem-11731	160	50	0.01	0.01	NUM
dem-11731	160	51	–	–	PUNCT
dem-11731	160	52	0.01	0.01	NUM
dem-11731	160	53	0.01	0.01	NUM
dem-11731	160	54	–	–	PUNCT
dem-11731	160	55	0.01	0.01	NUM
dem-11731	160	56	–	–	PUNCT
dem-11731	160	57	0.01	0.01	NUM
dem-11731	160	58	mar	mar	PROPN
dem-11731	160	59	–	–	PUNCT
dem-11731	160	60	0.03	0.03	NUM
dem-11731	160	61	*	*	PUNCT
dem-11731	160	62	–	–	PUNCT
dem-11731	160	63	0.03	0.03	NUM
dem-11731	160	64	*	*	PUNCT
dem-11731	160	65	*	*	PUNCT
dem-11731	160	66	–	–	PUNCT
dem-11731	160	67	0.02	0.02	NUM
dem-11731	160	68	0	0	NUM
dem-11731	160	69	0.01	0.01	NUM
dem-11731	160	70	apr	apr	NOUN
dem-11731	160	71	–	–	PUNCT
dem-11731	160	72	0.02	0.02	NUM
dem-11731	160	73	–	–	PUNCT
dem-11731	160	74	0.02	0.02	NUM
dem-11731	160	75	*	*	PUNCT
dem-11731	160	76	–	–	PUNCT
dem-11731	160	77	0.01	0.01	NUM
dem-11731	160	78	0	0	NUM
dem-11731	160	79	0.01	0.01	NUM
dem-11731	160	80	may	may	AUX
dem-11731	160	81	–	–	PUNCT
dem-11731	160	82	0.01	0.01	NUM
dem-11731	160	83	–	–	PUNCT
dem-11731	160	84	0.01	0.01	NUM
dem-11731	160	85	0.01	0.01	NUM
dem-11731	160	86	–	–	PUNCT
dem-11731	160	87	0.03	0.03	NUM
dem-11731	160	88	*	*	PUNCT
dem-11731	160	89	–	–	PUNCT
dem-11731	160	90	0.03	0.03	NUM
dem-11731	160	91	jun	jun	PROPN
dem-11731	160	92	–	–	PUNCT
dem-11731	160	93	0.03	0.03	NUM
dem-11731	160	94	*	*	PUNCT
dem-11731	160	95	*	*	PUNCT
dem-11731	160	96	–	–	PUNCT
dem-11731	160	97	0.04	0.04	NUM
dem-11731	160	98	*	*	PUNCT
dem-11731	160	99	*	*	PUNCT
dem-11731	160	100	*	*	PUNCT
dem-11731	160	101	–	–	PUNCT
dem-11731	160	102	0.07	0.07	NUM
dem-11731	160	103	*	*	PUNCT
dem-11731	160	104	–	–	PUNCT
dem-11731	160	105	0.02	0.02	NUM
dem-11731	160	106	–	–	PUNCT
dem-11731	160	107	0.03	0.03	NUM
dem-11731	160	108	jul	jul	PROPN
dem-11731	160	109	–	–	PUNCT
dem-11731	160	110	0.01	0.01	NUM
dem-11731	160	111	–	–	PUNCT
dem-11731	160	112	0.01	0.01	NUM
dem-11731	160	113	–	–	PUNCT
dem-11731	160	114	0.06	0.06	NUM
dem-11731	160	115	–	–	PUNCT
dem-11731	160	116	0.02	0.02	NUM
dem-11731	160	117	0	0	NUM
dem-11731	160	118	aug	aug	PROPN
dem-11731	160	119	–	–	PUNCT
dem-11731	160	120	0.02	0.02	NUM
dem-11731	160	121	–	–	PUNCT
dem-11731	160	122	0.02	0.02	NUM
dem-11731	160	123	–	–	PUNCT
dem-11731	160	124	0.04	0.04	NUM
dem-11731	160	125	–	–	SYM
dem-11731	160	126	0.02	0.02	NUM
dem-11731	160	127	–	–	PUNCT
dem-11731	160	128	0.02	0.02	NUM
dem-11731	160	129	sep	sep	NOUN
dem-11731	160	130	–	–	PUNCT
dem-11731	160	131	0.04	0.04	NUM
dem-11731	160	132	*	*	PUNCT
dem-11731	160	133	*	*	PUNCT
dem-11731	160	134	–	–	PUNCT
dem-11731	160	135	0.04	0.04	NUM
dem-11731	160	136	*	*	PUNCT
dem-11731	160	137	*	*	PUNCT
dem-11731	160	138	*	*	PUNCT
dem-11731	160	139	–	–	PUNCT
dem-11731	160	140	0.03	0.03	NUM
dem-11731	160	141	–	–	PUNCT
dem-11731	160	142	0.03	0.03	NUM
dem-11731	160	143	*	*	PUNCT
dem-11731	160	144	–	–	PUNCT
dem-11731	160	145	0.01	0.01	NUM
dem-11731	160	146	oct	oct	NOUN
dem-11731	160	147	0	0	NUM
dem-11731	160	148	–	–	PUNCT
dem-11731	160	149	0.01	0.01	NUM
dem-11731	160	150	–	–	PUNCT
dem-11731	160	151	0.06	0.06	NUM
dem-11731	160	152	–	–	PUNCT
dem-11731	160	153	0.03	0.03	NUM
dem-11731	160	154	*	*	PUNCT
dem-11731	160	155	–	–	PUNCT
dem-11731	160	156	0.05	0.05	NUM
dem-11731	160	157	*	*	SYM
dem-11731	160	158	nov	nov	PROPN
dem-11731	160	159	–	–	PUNCT
dem-11731	160	160	0.02	0.02	NUM
dem-11731	160	161	–	–	PUNCT
dem-11731	160	162	0.02	0.02	NUM
dem-11731	160	163	–	–	PUNCT
dem-11731	160	164	0.03	0.03	NUM
dem-11731	160	165	0	0	NUM
dem-11731	160	166	–	–	PUNCT
dem-11731	160	167	0.01	0.01	NUM
dem-11731	160	168	0	0	NUM
dem-11731	160	169	0	0	NUM
dem-11731	160	170	0	0	NUM
dem-11731	160	171	0.01	0.01	NUM
dem-11731	160	172	*	*	PUNCT
dem-11731	160	173	*	*	PUNCT
dem-11731	160	174	*	*	PUNCT
dem-11731	160	175	0	0	PUNCT
dem-11731	160	176	indpr	indpr	VERB
dem-11731	160	177	0.44	0.44	NUM
dem-11731	160	178	–	–	PUNCT
dem-11731	160	179	0.24	0.24	NUM
dem-11731	160	180	1.85	1.85	NUM
dem-11731	160	181	*	*	PUNCT
dem-11731	160	182	*	*	PUNCT
dem-11731	160	183	*	*	PUNCT
dem-11731	160	184	0.33	0.33	NUM
dem-11731	160	185	*	*	SYM
dem-11731	160	186	0.56	0.56	NUM
dem-11731	160	187	*	*	PUNCT
dem-11731	160	188	*	*	PUNCT
dem-11731	160	189	ipo	ipo	NOUN
dem-11731	160	190	0	0	NUM
dem-11731	160	191	0	0	NUM
dem-11731	160	192	0	0	NUM
dem-11731	160	193	–	–	PUNCT
dem-11731	160	194	0.001	0.001	NUM
dem-11731	160	195	*	*	NOUN
dem-11731	160	196	0.01	0.01	NUM
dem-11731	160	197	*	*	PUNCT
dem-11731	160	198	*	*	PUNCT
dem-11731	160	199	g	g	PROPN
dem-11731	160	200	–	–	PUNCT
dem-11731	160	201	0.36	0.36	NUM
dem-11731	160	202	–	–	PUNCT
dem-11731	160	203	0.25	0.25	NUM
dem-11731	160	204	0.03	0.03	NUM
dem-11731	160	205	–	–	PUNCT
dem-11731	160	206	0.88	0.88	NUM
dem-11731	160	207	*	*	PUNCT
dem-11731	160	208	*	*	PUNCT
dem-11731	160	209	*	*	PUNCT
dem-11731	160	210	0.27	0.27	NUM
dem-11731	160	211	variable	variable	ADJ
dem-11731	160	212	uk	uk	PROPN
dem-11731	160	213	us	us	PROPN
dem-11731	160	214	hong	hong	PROPN
dem-11731	160	215	kong	kong	PROPN
dem-11731	160	216	india	india	PROPN
dem-11731	160	217	taiwan	taiwan	PROPN
dem-11731	160	218	jan	jan	PROPN
dem-11731	160	219	–	–	PUNCT
dem-11731	160	220	0.03	0.03	NUM
dem-11731	160	221	*	*	PUNCT
dem-11731	160	222	*	*	PUNCT
dem-11731	160	223	–	–	PUNCT
dem-11731	160	224	0.01	0.01	NUM
dem-11731	160	225	–	–	PUNCT
dem-11731	160	226	0.03	0.03	NUM
dem-11731	160	227	–	–	PUNCT
dem-11731	160	228	0.07	0.07	NUM
dem-11731	160	229	*	*	PUNCT
dem-11731	160	230	*	*	PUNCT
dem-11731	160	231	–	–	PUNCT
dem-11731	160	232	0.04	0.04	NUM
dem-11731	160	233	feb	feb	X
dem-11731	160	234	–	–	PUNCT
dem-11731	160	235	0.02	0.02	NUM
dem-11731	160	236	–	–	PUNCT
dem-11731	160	237	0.02	0.02	NUM
dem-11731	160	238	0	0	NUM
dem-11731	160	239	–	–	PUNCT
dem-11731	160	240	0.06	0.06	NUM
dem-11731	160	241	*	*	PUNCT
dem-11731	160	242	–	–	PUNCT
dem-11731	160	243	0.02	0.02	NUM
dem-11731	160	244	mar	mar	PROPN
dem-11731	160	245	–	–	PUNCT
dem-11731	160	246	0.02	0.02	NUM
dem-11731	160	247	–	–	PUNCT
dem-11731	160	248	0.02	0.02	NUM
dem-11731	160	249	–	–	PUNCT
dem-11731	160	250	0.04	0.04	NUM
dem-11731	160	251	*	*	PUNCT
dem-11731	160	252	–	–	PUNCT
dem-11731	160	253	0.03	0.03	NUM
dem-11731	160	254	–	–	PUNCT
dem-11731	160	255	0.04	0.04	NUM
dem-11731	160	256	apr	apr	NOUN
dem-11731	160	257	–	–	PUNCT
dem-11731	160	258	0.01	0.01	NUM
dem-11731	160	259	–	–	PUNCT
dem-11731	160	260	0.01	0.01	NUM
dem-11731	160	261	0	0	NUM
dem-11731	160	262	–	–	PUNCT
dem-11731	160	263	0.01	0.01	NUM
dem-11731	160	264	–	–	PUNCT
dem-11731	160	265	0.02	0.02	NUM
dem-11731	160	266	may	may	NOUN
dem-11731	160	267	–	–	PUNCT
dem-11731	160	268	0.03	0.03	NUM
dem-11731	160	269	*	*	PUNCT
dem-11731	160	270	*	*	PUNCT
dem-11731	160	271	–	–	PUNCT
dem-11731	160	272	0.01	0.01	NUM
dem-11731	160	273	–	–	PUNCT
dem-11731	160	274	0.01	0.01	NUM
dem-11731	160	275	–	–	PUNCT
dem-11731	160	276	0.06	0.06	NUM
dem-11731	160	277	*	*	PUNCT
dem-11731	160	278	–	–	PUNCT
dem-11731	160	279	0.03	0.03	NUM
dem-11731	160	280	jun	jun	PROPN
dem-11731	160	281	–	–	PUNCT
dem-11731	160	282	0.02	0.02	NUM
dem-11731	160	283	*	*	PUNCT
dem-11731	160	284	–	–	PUNCT
dem-11731	160	285	0.03	0.03	NUM
dem-11731	160	286	*	*	PUNCT
dem-11731	160	287	–	–	PUNCT
dem-11731	160	288	0.03	0.03	NUM
dem-11731	160	289	–	–	PUNCT
dem-11731	160	290	0.05	0.05	NUM
dem-11731	160	291	–	–	PUNCT
dem-11731	160	292	0.04	0.04	NUM
dem-11731	160	293	jul	jul	PROPN
dem-11731	160	294	–	–	PUNCT
dem-11731	160	295	0.01	0.01	NUM
dem-11731	160	296	–	–	PUNCT
dem-11731	160	297	0.01	0.01	NUM
dem-11731	160	298	0	0	NUM
dem-11731	160	299	–	–	PUNCT
dem-11731	160	300	0.02	0.02	NUM
dem-11731	160	301	–	–	PUNCT
dem-11731	160	302	0.03	0.03	NUM
dem-11731	160	303	aug	aug	PROPN
dem-11731	160	304	–	–	PUNCT
dem-11731	160	305	0.02	0.02	NUM
dem-11731	160	306	*	*	PUNCT
dem-11731	160	307	–	–	PUNCT
dem-11731	160	308	0.02	0.02	NUM
dem-11731	160	309	*	*	PUNCT
dem-11731	160	310	–	–	PUNCT
dem-11731	160	311	0.03	0.03	NUM
dem-11731	160	312	–	–	PUNCT
dem-11731	160	313	0.04	0.04	NUM
dem-11731	160	314	–	–	PUNCT
dem-11731	160	315	0.05	0.05	NUM
dem-11731	160	316	sep	sep	NOUN
dem-11731	160	317	–	–	PUNCT
dem-11731	160	318	0.03	0.03	NUM
dem-11731	160	319	*	*	PUNCT
dem-11731	160	320	*	*	PUNCT
dem-11731	160	321	–	–	PUNCT
dem-11731	160	322	0.02	0.02	NUM
dem-11731	160	323	–	–	PUNCT
dem-11731	160	324	0.02	0.02	NUM
dem-11731	160	325	0.01	0.01	NUM
dem-11731	160	326	–	–	PUNCT
dem-11731	160	327	0.03	0.03	NUM
dem-11731	160	328	oct	oct	PROPN
dem-11731	160	329	–	–	PUNCT
dem-11731	160	330	0.01	0.01	NUM
dem-11731	160	331	0	0	NUM
dem-11731	160	332	0	0	NUM
dem-11731	160	333	–	–	PUNCT
dem-11731	160	334	0.05	0.05	NUM
dem-11731	160	335	–	–	PUNCT
dem-11731	160	336	0.06	0.06	NUM
dem-11731	160	337	nov	nov	PROPN
dem-11731	160	338	–	–	PUNCT
dem-11731	160	339	0.01	0.01	NUM
dem-11731	160	340	–	–	PUNCT
dem-11731	160	341	0.01	0.01	NUM
dem-11731	160	342	–	–	PUNCT
dem-11731	160	343	0.02	0.02	NUM
dem-11731	160	344	–	–	PUNCT
dem-11731	160	345	0.04	0.04	NUM
dem-11731	160	346	–	–	PUNCT
dem-11731	160	347	0.02	0.02	NUM
dem-11731	160	348	0.01	0.01	NUM
dem-11731	160	349	*	*	PUNCT
dem-11731	160	350	*	*	NOUN
dem-11731	160	351	0	0	NUM
dem-11731	160	352	–	–	PUNCT
dem-11731	160	353	–	–	PUNCT
dem-11731	160	354	–	–	PUNCT
dem-11731	160	355	indpr	indpr	NOUN
dem-11731	160	356	0.19	0.19	NUM
dem-11731	160	357	–	–	PUNCT
dem-11731	160	358	0.74	0.74	NUM
dem-11731	160	359	*	*	PUNCT
dem-11731	160	360	*	*	PUNCT
dem-11731	160	361	*	*	PUNCT
dem-11731	160	362	1.96	1.96	NUM
dem-11731	160	363	*	*	PUNCT
dem-11731	160	364	*	*	PUNCT
dem-11731	160	365	*	*	PUNCT
dem-11731	161	1	0.33	0.33	NUM
dem-11731	161	2	0.59	0.59	NUM
dem-11731	161	3	*	*	PUNCT
dem-11731	161	4	*	*	PUNCT
dem-11731	161	5	*	*	PUNCT
dem-11731	161	6	ipo	ipo	PROPN
dem-11731	161	7	–	–	PUNCT
dem-11731	161	8	0.0006	0.0006	NUM
dem-11731	161	9	*	*	PUNCT
dem-11731	161	10	*	*	NOUN
dem-11731	161	11	0	0	NUM
dem-11731	161	12	0	0	NUM
dem-11731	161	13	0	0	NUM
dem-11731	161	14	0	0	NUM
dem-11731	161	15	g	g	NOUN
dem-11731	161	16	–	–	PUNCT
dem-11731	161	17	0.35	0.35	NUM
dem-11731	161	18	*	*	PUNCT
dem-11731	161	19	–	–	PUNCT
dem-11731	161	20	0.12	0.12	NUM
dem-11731	161	21	0.03	0.03	NUM
dem-11731	161	22	0.06	0.06	NUM
dem-11731	161	23	*	*	PUNCT
dem-11731	161	24	*	*	SYM
dem-11731	161	25	0.04	0.04	NUM
dem-11731	161	26	note	note	NOUN
dem-11731	161	27	:	:	PUNCT
dem-11731	161	28	table	table	NOUN
dem-11731	161	29	contains	contain	VERB
dem-11731	161	30	estimations	estimation	NOUN
dem-11731	161	31	of	of	ADP
dem-11731	161	32	coefficients	coefficient	NOUN
dem-11731	161	33	from	from	ADP
dem-11731	161	34	equation	equation	NOUN
dem-11731	161	35	(	(	PUNCT
dem-11731	161	36	4	4	NUM
dem-11731	161	37	)	)	PUNCT
dem-11731	161	38	.	.	PUNCT
dem-11731	162	1	significance	significance	NOUN
dem-11731	162	2	levels	level	NOUN
dem-11731	162	3	:	:	PUNCT
dem-11731	163	1	*	*	PUNCT
dem-11731	163	2	*	*	PUNCT
dem-11731	163	3	*	*	PUNCT
dem-11731	163	4	–	–	PUNCT
dem-11731	163	5	0.01	0.01	NUM
dem-11731	163	6	,	,	PUNCT
dem-11731	163	7	*	*	PUNCT
dem-11731	163	8	*	*	PUNCT
dem-11731	163	9	–	–	PUNCT
dem-11731	163	10	0.05	0.05	NUM
dem-11731	163	11	,	,	PUNCT
dem-11731	163	12	*	*	PUNCT
dem-11731	163	13	–	–	PUNCT
dem-11731	163	14	0.10	0.10	NUM
dem-11731	163	15	.	.	PUNCT
dem-11731	164	1	data	datum	NOUN
dem-11731	164	2	cover	cover	VERB
dem-11731	164	3	maximum	maximum	ADJ
dem-11731	164	4	possible	possible	ADJ
dem-11731	164	5	period	period	NOUN
dem-11731	164	6	for	for	ADP
dem-11731	164	7	each	each	DET
dem-11731	164	8	market	market	NOUN
dem-11731	164	9	.	.	PUNCT
dem-11731	165	1	symbolizes	symbolize	VERB
dem-11731	165	2	number	number	NOUN
dem-11731	165	3	of	of	ADP
dem-11731	165	4	ipos	ipos	NOUN
dem-11731	165	5	in	in	ADP
dem-11731	165	6	month	month	NOUN
dem-11731	165	7	t	t	PROPN
dem-11731	165	8	for	for	ADP
dem-11731	165	9	market	market	NOUN
dem-11731	165	10	j	j	PROPN
dem-11731	165	11	,	,	PUNCT
dem-11731	165	12	marks	mark	VERB
dem-11731	165	13	growth	growth	NOUN
dem-11731	165	14	rate	rate	NOUN
dem-11731	165	15	of	of	ADP
dem-11731	165	16	industrial	industrial	ADJ
dem-11731	165	17	production	production	NOUN
dem-11731	165	18	for	for	ADP
dem-11731	165	19	each	each	DET
dem-11731	165	20	market	market	NOUN
dem-11731	165	21	,	,	PUNCT
dem-11731	165	22	symbolizes	symbolize	VERB
dem-11731	165	23	consumer	consumer	NOUN
dem-11731	165	24	confidence	confidence	NOUN
dem-11731	165	25	indicator	indicator	NOUN
dem-11731	165	26	for	for	ADP
dem-11731	165	27	market	market	NOUN
dem-11731	165	28	j.	j.	PROPN
dem-11731	165	29	for	for	ADP
dem-11731	165	30	hong	hong	PROPN
dem-11731	165	31	kong	kong	PROPN
dem-11731	165	32	,	,	PUNCT
dem-11731	165	33	india	india	PROPN
dem-11731	165	34	and	and	CCONJ
dem-11731	165	35	taiwan	taiwan	PROPN
dem-11731	165	36	cci	cci	PROPN
dem-11731	165	37	data	datum	NOUN
dem-11731	165	38	are	be	AUX
dem-11731	165	39	not	not	PART
dem-11731	165	40	available	available	ADJ
dem-11731	165	41	.	.	PUNCT
dem-11731	166	1	the	the	DET
dem-11731	166	2	results	result	NOUN
dem-11731	166	3	of	of	ADP
dem-11731	166	4	these	these	DET
dem-11731	166	5	regressions	regression	NOUN
dem-11731	166	6	prove	prove	VERB
dem-11731	166	7	that	that	SCONJ
dem-11731	166	8	sunlight	sunlight	NOUN
dem-11731	166	9	hours	hour	NOUN
dem-11731	166	10	have	have	VERB
dem-11731	166	11	no	no	DET
dem-11731	166	12	significant	significant	ADJ
dem-11731	166	13	explanation	explanation	NOUN
dem-11731	166	14	power	power	NOUN
dem-11731	166	15	in	in	ADP
dem-11731	166	16	the	the	DET
dem-11731	166	17	tested	test	VERB
dem-11731	166	18	models	model	NOUN
dem-11731	166	19	17	17	NUM
dem-11731	166	20	.	.	PUNCT
dem-11731	167	1	even	even	ADV
dem-11731	167	2	if	if	SCONJ
dem-11731	167	3	we	we	PRON
dem-11731	167	4	limit	limit	VERB
dem-11731	167	5	our	our	PRON
dem-11731	167	6	sample	sample	NOUN
dem-11731	167	7	to	to	ADP
dem-11731	167	8	17	17	NUM
dem-11731	167	9	results	result	NOUN
dem-11731	167	10	available	available	ADJ
dem-11731	167	11	upon	upon	SCONJ
dem-11731	167	12	request	request	NOUN
dem-11731	167	13	.	.	PUNCT
dem-11731	168	1	tomasz	tomasz	PROPN
dem-11731	168	2	schabek	schabek	PROPN
dem-11731	168	3	,	,	PUNCT
dem-11731	168	4	henrique	henrique	PROPN
dem-11731	168	5	castro	castro	PROPN
dem-11731	168	6	dynamic	dynamic	ADJ
dem-11731	168	7	econometric	econometric	ADJ
dem-11731	168	8	models	model	NOUN
dem-11731	168	9	17	17	NUM
dem-11731	168	10	(	(	PUNCT
dem-11731	168	11	2017	2017	NUM
dem-11731	168	12	)	)	PUNCT
dem-11731	168	13	5–18	5–18	NUM
dem-11731	168	14	16	16	NUM
dem-11731	168	15	these	these	DET
dem-11731	168	16	markets	market	NOUN
dem-11731	168	17	on	on	ADP
dem-11731	168	18	which	which	PRON
dem-11731	168	19	sim	sim	ADJ
dem-11731	168	20	effect	effect	NOUN
dem-11731	168	21	is	be	AUX
dem-11731	168	22	present	present	ADJ
dem-11731	168	23	,	,	PUNCT
dem-11731	168	24	sunlight	sunlight	NOUN
dem-11731	168	25	is	be	AUX
dem-11731	168	26	significant	significant	ADJ
dem-11731	168	27	only	only	ADV
dem-11731	168	28	in	in	ADP
dem-11731	168	29	one	one	NUM
dem-11731	168	30	of	of	ADP
dem-11731	168	31	our	our	PRON
dem-11731	168	32	regressions	regression	NOUN
dem-11731	168	33	.	.	PUNCT
dem-11731	169	1	conclusions	conclusion	NOUN
dem-11731	169	2	financial	financial	ADJ
dem-11731	169	3	market	market	NOUN
dem-11731	169	4	puzzle	puzzle	NOUN
dem-11731	169	5	described	describe	VERB
dem-11731	169	6	by	by	ADP
dem-11731	169	7	bouman	bouman	NOUN
dem-11731	169	8	and	and	CCONJ
dem-11731	169	9	jacobsen	jacobsen	PROPN
dem-11731	169	10	(	(	PUNCT
dem-11731	169	11	2002	2002	NUM
dem-11731	169	12	)	)	PUNCT
dem-11731	169	13	is	be	AUX
dem-11731	169	14	still	still	ADV
dem-11731	169	15	unsolved	unsolve	VERB
dem-11731	169	16	.	.	PUNCT
dem-11731	170	1	controlling	control	VERB
dem-11731	170	2	for	for	ADP
dem-11731	170	3	macroeconomic	macroeconomic	ADJ
dem-11731	170	4	conditions	condition	NOUN
dem-11731	170	5	(	(	PUNCT
dem-11731	170	6	industrial	industrial	ADJ
dem-11731	170	7	production	production	NOUN
dem-11731	170	8	)	)	PUNCT
dem-11731	170	9	,	,	PUNCT
dem-11731	170	10	behavioral	behavioral	ADJ
dem-11731	170	11	variables	variable	NOUN
dem-11731	170	12	(	(	PUNCT
dem-11731	170	13	consumer	consumer	NOUN
dem-11731	170	14	confidence	confidence	NOUN
dem-11731	170	15	index	index	NOUN
dem-11731	170	16	,	,	PUNCT
dem-11731	170	17	number	number	NOUN
dem-11731	170	18	of	of	ADP
dem-11731	170	19	ipos	ipos	PROPN
dem-11731	170	20	and	and	CCONJ
dem-11731	170	21	baker	baker	PROPN
dem-11731	170	22	–	–	PUNCT
dem-11731	170	23	wurgler	wurgler	PROPN
dem-11731	170	24	sentiment	sentiment	NOUN
dem-11731	170	25	index	index	NOUN
dem-11731	170	26	)	)	PUNCT
dem-11731	170	27	and	and	CCONJ
dem-11731	170	28	weather	weather	NOUN
dem-11731	170	29	factor	factor	NOUN
dem-11731	170	30	(	(	PUNCT
dem-11731	170	31	sun	sun	NOUN
dem-11731	170	32	hours	hour	NOUN
dem-11731	170	33	)	)	PUNCT
dem-11731	170	34	did	do	AUX
dem-11731	170	35	not	not	PART
dem-11731	170	36	cause	cause	VERB
dem-11731	170	37	disappearing	disappear	VERB
dem-11731	170	38	of	of	ADP
dem-11731	170	39	“	"	PUNCT
dem-11731	170	40	sell	sell	VERB
dem-11731	170	41	in	in	ADP
dem-11731	170	42	may	may	PROPN
dem-11731	170	43	”	"	PUNCT
dem-11731	170	44	or	or	CCONJ
dem-11731	170	45	“	"	PUNCT
dem-11731	170	46	halloween	halloween	NOUN
dem-11731	170	47	”	"	PUNCT
dem-11731	170	48	effects	effect	NOUN
dem-11731	170	49	.	.	PUNCT
dem-11731	171	1	we	we	PRON
dem-11731	171	2	can	can	AUX
dem-11731	171	3	conclude	conclude	VERB
dem-11731	171	4	that	that	DET
dem-11731	171	5	answer	answer	NOUN
dem-11731	171	6	for	for	ADP
dem-11731	171	7	those	those	DET
dem-11731	171	8	anomalies	anomaly	NOUN
dem-11731	171	9	should	should	AUX
dem-11731	171	10	not	not	PART
dem-11731	171	11	be	be	AUX
dem-11731	171	12	searched	search	VERB
dem-11731	171	13	in	in	ADP
dem-11731	171	14	sun	sun	NOUN
dem-11731	171	15	cycles	cycle	NOUN
dem-11731	171	16	,	,	PUNCT
dem-11731	171	17	industrial	industrial	ADJ
dem-11731	171	18	production	production	NOUN
dem-11731	171	19	changes	change	NOUN
dem-11731	171	20	or	or	CCONJ
dem-11731	171	21	investors	investor	NOUN
dem-11731	171	22	sentiment	sentiment	NOUN
dem-11731	171	23	,	,	PUNCT
dem-11731	171	24	as	as	SCONJ
dem-11731	171	25	some	some	DET
dem-11731	171	26	studies	study	NOUN
dem-11731	171	27	suggest	suggest	VERB
dem-11731	171	28	.	.	PUNCT
dem-11731	172	1	existence	existence	NOUN
dem-11731	172	2	of	of	ADP
dem-11731	172	3	persisting	persist	VERB
dem-11731	172	4	for	for	ADP
dem-11731	172	5	longer	long	ADJ
dem-11731	172	6	time	time	NOUN
dem-11731	172	7	anomalies	anomaly	NOUN
dem-11731	172	8	is	be	AUX
dem-11731	172	9	calling	call	VERB
dem-11731	172	10	for	for	ADP
dem-11731	172	11	new	new	ADJ
dem-11731	172	12	research	research	NOUN
dem-11731	172	13	,	,	PUNCT
dem-11731	172	14	although	although	SCONJ
dem-11731	172	15	after	after	SCONJ
dem-11731	172	16	bauman	bauman	NOUN
dem-11731	172	17	and	and	CCONJ
dem-11731	172	18	jacobsen	jacobsen	PROPN
dem-11731	172	19	publication	publication	NOUN
dem-11731	172	20	the	the	DET
dem-11731	172	21	effect	effect	NOUN
dem-11731	172	22	is	be	AUX
dem-11731	172	23	fading	fade	VERB
dem-11731	172	24	–	–	PUNCT
dem-11731	172	25	maybe	maybe	ADV
dem-11731	172	26	because	because	SCONJ
dem-11731	172	27	of	of	ADP
dem-11731	172	28	exploitation	exploitation	NOUN
dem-11731	172	29	of	of	ADP
dem-11731	172	30	“	"	PUNCT
dem-11731	172	31	sell	sell	VERB
dem-11731	172	32	in	in	ADP
dem-11731	172	33	may	may	PROPN
dem-11731	172	34	”	"	PUNCT
dem-11731	172	35	and	and	CCONJ
dem-11731	172	36	“	"	PUNCT
dem-11731	172	37	halloween	halloween	NOUN
dem-11731	172	38	”	"	PUNCT
dem-11731	172	39	strategies	strategy	NOUN
dem-11731	172	40	or	or	CCONJ
dem-11731	172	41	it	it	PRON
dem-11731	172	42	is	be	AUX
dem-11731	172	43	just	just	ADV
dem-11731	172	44	short	short	ADJ
dem-11731	172	45	term	term	NOUN
dem-11731	172	46	disappearance	disappearance	NOUN
dem-11731	172	47	of	of	ADP
dem-11731	172	48	the	the	DET
dem-11731	172	49	anomaly	anomaly	NOUN
dem-11731	172	50	.	.	PUNCT
dem-11731	173	1	from	from	ADP
dem-11731	173	2	the	the	DET
dem-11731	173	3	other	other	ADJ
dem-11731	173	4	hand	hand	NOUN
dem-11731	173	5	more	more	ADV
dem-11731	173	6	rigorous	rigorous	ADJ
dem-11731	173	7	analysis	analysis	NOUN
dem-11731	173	8	shows	show	VERB
dem-11731	173	9	that	that	SCONJ
dem-11731	173	10	not	not	PART
dem-11731	173	11	only	only	ADV
dem-11731	173	12	may	may	AUX
dem-11731	173	13	but	but	CCONJ
dem-11731	173	14	all	all	DET
dem-11731	173	15	spring	spring	NOUN
dem-11731	173	16	/	/	SYM
dem-11731	173	17	autumn	autumn	NOUN
dem-11731	173	18	months	month	NOUN
dem-11731	173	19	anomalies	anomaly	NOUN
dem-11731	173	20	are	be	AUX
dem-11731	173	21	present	present	ADJ
dem-11731	173	22	on	on	ADP
dem-11731	173	23	many	many	ADJ
dem-11731	173	24	stock	stock	NOUN
dem-11731	173	25	markets	market	NOUN
dem-11731	173	26	.	.	PUNCT
dem-11731	174	1	we	we	PRON
dem-11731	174	2	can	can	AUX
dem-11731	174	3	conclude	conclude	VERB
dem-11731	174	4	that	that	PRON
dem-11731	174	5	old	old	ADJ
dem-11731	174	6	market	market	NOUN
dem-11731	174	7	saying	say	VERB
dem-11731	174	8	is	be	AUX
dem-11731	174	9	still	still	ADV
dem-11731	174	10	able	able	ADJ
dem-11731	174	11	to	to	PART
dem-11731	174	12	deliver	deliver	VERB
dem-11731	174	13	some	some	DET
dem-11731	174	14	positive	positive	ADJ
dem-11731	174	15	rates	rate	NOUN
dem-11731	174	16	of	of	ADP
dem-11731	174	17	return	return	NOUN
dem-11731	174	18	to	to	ADP
dem-11731	174	19	the	the	DET
dem-11731	174	20	investors	investor	NOUN
dem-11731	174	21	who	who	PRON
dem-11731	174	22	want	want	VERB
dem-11731	174	23	to	to	PART
dem-11731	174	24	listen	listen	VERB
dem-11731	174	25	to	to	ADP
dem-11731	174	26	it	it	PRON
dem-11731	174	27	.	.	PUNCT
dem-11731	175	1	references	reference	NOUN
dem-11731	175	2	andrade	andrade	PROPN
dem-11731	175	3	,	,	PUNCT
dem-11731	175	4	s.	s.	PROPN
dem-11731	175	5	c.	c.	PROPN
dem-11731	175	6	,	,	PUNCT
dem-11731	175	7	chhaochharia	chhaochharia	PROPN
dem-11731	175	8	,	,	PUNCT
dem-11731	175	9	v.	v.	PROPN
dem-11731	175	10	,	,	PUNCT
dem-11731	175	11	fuerst	fuerst	PROPN
dem-11731	175	12	,	,	PUNCT
dem-11731	175	13	m.	m.	NOUN
dem-11731	175	14	(	(	PUNCT
dem-11731	175	15	2013	2013	NUM
dem-11731	175	16	)	)	PUNCT
dem-11731	175	17	,	,	PUNCT
dem-11731	175	18	"	"	PUNCT
dem-11731	175	19	sell	sell	VERB
dem-11731	175	20	in	in	ADP
dem-11731	175	21	may	may	PROPN
dem-11731	175	22	and	and	CCONJ
dem-11731	175	23	go	go	VERB
dem-11731	175	24	away	away	ADV
dem-11731	175	25	"	"	PUNCT
dem-11731	175	26	just	just	ADV
dem-11731	175	27	wo	will	AUX
dem-11731	175	28	n't	not	PART
dem-11731	175	29	go	go	VERB
dem-11731	175	30	away	away	ADV
dem-11731	175	31	,	,	PUNCT
dem-11731	175	32	financial	financial	ADJ
dem-11731	175	33	analysts	analyst	NOUN
dem-11731	175	34	journal	journal	PROPN
dem-11731	175	35	,	,	PUNCT
dem-11731	175	36	69(4	69(4	NOUN
dem-11731	175	37	)	)	PUNCT
dem-11731	175	38	,	,	PUNCT
dem-11731	175	39	94–105	94–105	PROPN
dem-11731	175	40	,	,	PUNCT
dem-11731	175	41	doi	doi	NOUN
dem-11731	175	42	:	:	PUNCT
dem-11731	175	43	https://doi.org/10.2469/faj.v69.n4.4	https://doi.org/10.2469/faj.v69.n4.4	PROPN
dem-11731	175	44	.	.	PUNCT
dem-11731	176	1	baker	baker	PROPN
dem-11731	176	2	,	,	PUNCT
dem-11731	176	3	m.	m.	NOUN
dem-11731	176	4	,	,	PUNCT
dem-11731	176	5	wurgler	wurgler	NOUN
dem-11731	176	6	j.	j.	PROPN
dem-11731	176	7	(	(	PUNCT
dem-11731	176	8	2007	2007	NUM
dem-11731	176	9	)	)	PUNCT
dem-11731	176	10	,	,	PUNCT
dem-11731	176	11	investor	investor	NOUN
dem-11731	176	12	sentiment	sentiment	NOUN
dem-11731	176	13	in	in	ADP
dem-11731	176	14	the	the	DET
dem-11731	176	15	stock	stock	NOUN
dem-11731	176	16	market	market	NOUN
dem-11731	176	17	,	,	PUNCT
dem-11731	176	18	journal	journal	NOUN
dem-11731	176	19	of	of	ADP
dem-11731	176	20	economic	economic	ADJ
dem-11731	176	21	perspectives	perspective	NOUN
dem-11731	176	22	,	,	PUNCT
dem-11731	176	23	v.21	v.21	PROPN
dem-11731	176	24	,	,	PUNCT
dem-11731	176	25	spring	spring	NOUN
dem-11731	176	26	2007	2007	NUM
dem-11731	176	27	,	,	PUNCT
dem-11731	176	28	129–157	129–157	NUM
dem-11731	176	29	,	,	PUNCT
dem-11731	176	30	doi	doi	PROPN
dem-11731	176	31	:	:	PUNCT
dem-11731	176	32	https://dx.doi.org/10.1257/jep.21.2.129	https://dx.doi.org/10.1257/jep.21.2.129	PROPN
dem-11731	176	33	.	.	PUNCT
dem-11731	177	1	bouman	bouman	PROPN
dem-11731	177	2	,	,	PUNCT
dem-11731	177	3	s.	s.	PROPN
dem-11731	177	4	,	,	PUNCT
dem-11731	177	5	jacobsen	jacobsen	PROPN
dem-11731	177	6	b.	b.	PROPN
dem-11731	177	7	(	(	PUNCT
dem-11731	177	8	2002	2002	NUM
dem-11731	177	9	)	)	PUNCT
dem-11731	177	10	,	,	PUNCT
dem-11731	177	11	the	the	DET
dem-11731	177	12	halloween	halloween	NOUN
dem-11731	177	13	indicator	indicator	NOUN
dem-11731	177	14	,	,	PUNCT
dem-11731	177	15	"	"	PUNCT
dem-11731	177	16	sell	sell	VERB
dem-11731	177	17	in	in	ADP
dem-11731	177	18	may	may	PROPN
dem-11731	177	19	and	and	CCONJ
dem-11731	177	20	go	go	VERB
dem-11731	177	21	away	away	ADV
dem-11731	177	22	"	"	PUNCT
dem-11731	177	23	:	:	PUNCT
dem-11731	177	24	another	another	DET
dem-11731	177	25	puzzle	puzzle	NOUN
dem-11731	177	26	,	,	PUNCT
dem-11731	177	27	american	american	PROPN
dem-11731	177	28	economic	economic	PROPN
dem-11731	177	29	review	review	PROPN
dem-11731	177	30	,	,	PUNCT
dem-11731	177	31	92	92	NUM
dem-11731	177	32	,	,	PUNCT
dem-11731	177	33	1618–1635	1618–1635	NUM
dem-11731	177	34	,	,	PUNCT
dem-11731	177	35	doi	doi	NOUN
dem-11731	177	36	:	:	PUNCT
dem-11731	177	37	https://dx.doi.org/10.1257/000282802762024683	https://dx.doi.org/10.1257/000282802762024683	NOUN
dem-11731	177	38	.	.	PUNCT
dem-11731	178	1	cao	cao	PROPN
dem-11731	178	2	,	,	PUNCT
dem-11731	178	3	m.	m.	NOUN
dem-11731	178	4	,	,	PUNCT
dem-11731	178	5	wei	wei	PROPN
dem-11731	178	6	,	,	PUNCT
dem-11731	178	7	j.	j.	PROPN
dem-11731	178	8	(	(	PUNCT
dem-11731	178	9	2005	2005	NUM
dem-11731	178	10	)	)	PUNCT
dem-11731	178	11	,	,	PUNCT
dem-11731	178	12	stock	stock	NOUN
dem-11731	178	13	market	market	NOUN
dem-11731	178	14	returns	return	NOUN
dem-11731	178	15	:	:	PUNCT
dem-11731	178	16	a	a	DET
dem-11731	178	17	note	note	NOUN
dem-11731	178	18	on	on	ADP
dem-11731	178	19	temperature	temperature	NOUN
dem-11731	178	20	anomaly	anomaly	NOUN
dem-11731	178	21	,	,	PUNCT
dem-11731	178	22	journal	journal	NOUN
dem-11731	178	23	of	of	ADP
dem-11731	178	24	banking	banking	NOUN
dem-11731	178	25	&	&	CCONJ
dem-11731	178	26	finance	finance	PROPN
dem-11731	178	27	,	,	PUNCT
dem-11731	178	28	29	29	NUM
dem-11731	178	29	,	,	PUNCT
dem-11731	178	30	1559–1573	1559–1573	NUM
dem-11731	178	31	,	,	PUNCT
dem-11731	178	32	doi	doi	NOUN
dem-11731	178	33	:	:	PUNCT
dem-11731	178	34	https://doi.org/10.1016/j.jbankfin.2004.06.028	https://doi.org/10.1016/j.jbankfin.2004.06.028	PROPN
dem-11731	178	35	.	.	PUNCT
dem-11731	179	1	doeswijk	doeswijk	PROPN
dem-11731	179	2	,	,	PUNCT
dem-11731	179	3	r.	r.	PROPN
dem-11731	179	4	(	(	PUNCT
dem-11731	179	5	2008	2008	NUM
dem-11731	179	6	)	)	PUNCT
dem-11731	179	7	,	,	PUNCT
dem-11731	179	8	the	the	DET
dem-11731	179	9	optimism	optimism	NOUN
dem-11731	179	10	cycle	cycle	NOUN
dem-11731	179	11	:	:	PUNCT
dem-11731	179	12	sell	sell	VERB
dem-11731	179	13	in	in	ADP
dem-11731	179	14	may	may	PROPN
dem-11731	179	15	,	,	PUNCT
dem-11731	179	16	economist	economist	NOUN
dem-11731	179	17	(	(	PUNCT
dem-11731	179	18	2008	2008	NUM
dem-11731	179	19	)	)	PUNCT
dem-11731	179	20	,	,	PUNCT
dem-11731	179	21	156	156	NUM
dem-11731	179	22	,	,	PUNCT
dem-11731	179	23	175–200	175–200	NUM
dem-11731	179	24	,	,	PUNCT
dem-11731	179	25	doi	doi	NOUN
dem-11731	179	26	:	:	PUNCT
dem-11731	179	27	https://doi.org/10.1007/s10645-008-9088-z	https://doi.org/10.1007/s10645-008-9088-z	PROPN
dem-11731	179	28	.	.	PROPN
dem-11731	180	1	dzhabarov	dzhabarov	PROPN
dem-11731	180	2	,	,	PUNCT
dem-11731	180	3	c.	c.	PROPN
dem-11731	180	4	,	,	PUNCT
dem-11731	180	5	ziemba	ziemba	PROPN
dem-11731	180	6	w.	w.	PROPN
dem-11731	180	7	(	(	PUNCT
dem-11731	180	8	2010	2010	NUM
dem-11731	180	9	)	)	PUNCT
dem-11731	180	10	,	,	PUNCT
dem-11731	180	11	do	do	VERB
dem-11731	180	12	seasonal	seasonal	ADJ
dem-11731	180	13	anomalies	anomaly	NOUN
dem-11731	180	14	still	still	ADV
dem-11731	180	15	work	work	VERB
dem-11731	180	16	,	,	PUNCT
dem-11731	180	17	the	the	DET
dem-11731	180	18	journal	journal	NOUN
dem-11731	180	19	of	of	ADP
dem-11731	180	20	portfolio	portfolio	NOUN
dem-11731	180	21	management	management	NOUN
dem-11731	180	22	,	,	PUNCT
dem-11731	180	23	36	36	NUM
dem-11731	180	24	(	(	PUNCT
dem-11731	180	25	3	3	NUM
dem-11731	180	26	)	)	PUNCT
dem-11731	180	27	,	,	PUNCT
dem-11731	180	28	93–104	93–104	PROPN
dem-11731	180	29	,	,	PUNCT
dem-11731	180	30	doi	doi	PROPN
dem-11731	180	31	:	:	PUNCT
dem-11731	180	32	https://doi.org/10.3905/jpm.2010.36.3.093	https://doi.org/10.3905/jpm.2010.36.3.093	PROPN
dem-11731	180	33	.	.	PUNCT
dem-11731	181	1	gerlach	gerlach	PROPN
dem-11731	181	2	,	,	PUNCT
dem-11731	181	3	j.	j.	PROPN
dem-11731	181	4	r.	r.	PROPN
dem-11731	181	5	(	(	PUNCT
dem-11731	181	6	2007	2007	NUM
dem-11731	181	7	)	)	PUNCT
dem-11731	181	8	,	,	PUNCT
dem-11731	181	9	macroeconomic	macroeconomic	ADJ
dem-11731	181	10	news	news	NOUN
dem-11731	181	11	and	and	CCONJ
dem-11731	181	12	stock	stock	NOUN
dem-11731	181	13	market	market	NOUN
dem-11731	181	14	calendar	calendar	NOUN
dem-11731	181	15	and	and	CCONJ
dem-11731	181	16	weather	weather	NOUN
dem-11731	181	17	anomalies	anomaly	NOUN
dem-11731	181	18	,	,	PUNCT
dem-11731	181	19	journal	journal	NOUN
dem-11731	181	20	of	of	ADP
dem-11731	181	21	financial	financial	ADJ
dem-11731	181	22	research	research	NOUN
dem-11731	181	23	,	,	PUNCT
dem-11731	181	24	xxx(2	xxx(2	NUM
dem-11731	181	25	)	)	PUNCT
dem-11731	181	26	,	,	PUNCT
dem-11731	181	27	283–300	283–300	NUM
dem-11731	181	28	,	,	PUNCT
dem-11731	181	29	doi	doi	NOUN
dem-11731	181	30	:	:	PUNCT
dem-11731	181	31	https://doi.org/10.1111/j.1475-6803.2007.00214.x	https://doi.org/10.1111/j.1475-6803.2007.00214.x	PROPN
dem-11731	181	32	.	.	PUNCT
dem-11731	182	1	https://doi.org/10.2469/faj.v69.n4.4	https://doi.org/10.2469/faj.v69.n4.4	PROPN
dem-11731	182	2	https://dx.doi.org/10.1257/jep.21.2.129	https://dx.doi.org/10.1257/jep.21.2.129	PROPN
dem-11731	183	1	https://dx.doi.org/10.1257/000282802762024683	https://dx.doi.org/10.1257/000282802762024683	PROPN
dem-11731	183	2	https://doi.org/10.1016/j.jbankfin.2004.06.028	https://doi.org/10.1016/j.jbankfin.2004.06.028	PROPN
dem-11731	183	3	https://doi.org/10.1007/s10645-008-9088-z	https://doi.org/10.1007/s10645-008-9088-z	PROPN
dem-11731	183	4	https://doi.org/10.3905/jpm.2010.36.3.093	https://doi.org/10.3905/jpm.2010.36.3.093	PROPN
dem-11731	183	5	https://doi.org/10.1111/j.1475-6803.2007.00214.x	https://doi.org/10.1111/j.1475-6803.2007.00214.x	PROPN
dem-11731	183	6	“	"	PUNCT
dem-11731	183	7	sell	sell	VERB
dem-11731	183	8	not	not	PART
dem-11731	183	9	only	only	ADV
dem-11731	183	10	in	in	ADP
dem-11731	183	11	may	may	PROPN
dem-11731	183	12	”	"	PUNCT
dem-11731	183	13	.	.	PUNCT
dem-11731	184	1	seasonal	seasonal	ADJ
dem-11731	184	2	effect	effect	NOUN
dem-11731	184	3	on	on	ADP
dem-11731	184	4	stock	stock	NOUN
dem-11731	184	5	markets	market	NOUN
dem-11731	184	6	dynamic	dynamic	ADJ
dem-11731	184	7	econometric	econometric	ADJ
dem-11731	184	8	models	model	NOUN
dem-11731	184	9	17	17	NUM
dem-11731	184	10	(	(	PUNCT
dem-11731	184	11	2017	2017	NUM
dem-11731	184	12	)	)	PUNCT
dem-11731	184	13	7–18	7–18	NUM
dem-11731	184	14	17	17	NUM
dem-11731	184	15	gugten	gugten	NOUN
dem-11731	184	16	,	,	PUNCT
dem-11731	184	17	t.	t.	PROPN
dem-11731	184	18	v.	v.	PROPN
dem-11731	184	19	d.	d.	PROPN
dem-11731	184	20	(	(	PUNCT
dem-11731	184	21	2010	2010	NUM
dem-11731	184	22	)	)	PUNCT
dem-11731	184	23	,	,	PUNCT
dem-11731	184	24	stock	stock	NOUN
dem-11731	184	25	market	market	NOUN
dem-11731	184	26	calendar	calendar	NOUN
dem-11731	184	27	anomalies	anomaly	NOUN
dem-11731	184	28	and	and	CCONJ
dem-11731	184	29	macroeconomic	macroeconomic	ADJ
dem-11731	184	30	news	news	NOUN
dem-11731	184	31	announcements	announcement	NOUN
dem-11731	184	32	,	,	PUNCT
dem-11731	184	33	working	working	NOUN
dem-11731	184	34	paper	paper	NOUN
dem-11731	184	35	,	,	PUNCT
dem-11731	184	36	erasmus	erasmus	PROPN
dem-11731	184	37	university	university	PROPN
dem-11731	184	38	rotterdam	rotterdam	PROPN
dem-11731	184	39	,	,	PUNCT
dem-11731	184	40	http://hdl.handle.net/2105/7758	http://hdl.handle.net/2105/7758	PROPN
dem-11731	184	41	.	.	PUNCT
dem-11731	185	1	gultekin	gultekin	PROPN
dem-11731	185	2	,	,	PUNCT
dem-11731	185	3	m.	m.	NOUN
dem-11731	185	4	n.	n.	PROPN
dem-11731	185	5	,	,	PUNCT
dem-11731	185	6	gultekin	gultekin	PROPN
dem-11731	185	7	,	,	PUNCT
dem-11731	185	8	n.	n.	PROPN
dem-11731	185	9	b.	b.	PROPN
dem-11731	185	10	(	(	PUNCT
dem-11731	185	11	1983	1983	NUM
dem-11731	185	12	)	)	PUNCT
dem-11731	185	13	,	,	PUNCT
dem-11731	185	14	stock	stock	NOUN
dem-11731	185	15	market	market	NOUN
dem-11731	185	16	seasonality	seasonality	NOUN
dem-11731	185	17	:	:	PUNCT
dem-11731	185	18	international	international	ADJ
dem-11731	185	19	evidence	evidence	NOUN
dem-11731	185	20	,	,	PUNCT
dem-11731	185	21	journal	journal	NOUN
dem-11731	185	22	of	of	ADP
dem-11731	185	23	financial	financial	ADJ
dem-11731	185	24	economics	economic	NOUN
dem-11731	185	25	,	,	PUNCT
dem-11731	185	26	12	12	NUM
dem-11731	185	27	,	,	PUNCT
dem-11731	185	28	469–481	469–481	NUM
dem-11731	185	29	,	,	PUNCT
dem-11731	185	30	doi	doi	NOUN
dem-11731	185	31	:	:	PUNCT
dem-11731	185	32	https://doi.org/10.1016/0304-405x(83)90044-2	https://doi.org/10.1016/0304-405x(83)90044-2	PROPN
dem-11731	185	33	.	.	NOUN
dem-11731	185	34	haggard	haggard	PROPN
dem-11731	185	35	,	,	PUNCT
dem-11731	185	36	k.	k.	PROPN
dem-11731	185	37	s.	s.	PROPN
dem-11731	185	38	,	,	PUNCT
dem-11731	185	39	witte	witte	PROPN
dem-11731	185	40	,	,	PUNCT
dem-11731	185	41	h.	h.	PROPN
dem-11731	185	42	d.	d.	PROPN
dem-11731	185	43	(	(	PUNCT
dem-11731	185	44	2010	2010	NUM
dem-11731	185	45	)	)	PUNCT
dem-11731	185	46	,	,	PUNCT
dem-11731	185	47	the	the	DET
dem-11731	185	48	halloween	halloween	NOUN
dem-11731	185	49	effect	effect	NOUN
dem-11731	185	50	:	:	PUNCT
dem-11731	185	51	trick	trick	NOUN
dem-11731	185	52	or	or	CCONJ
dem-11731	185	53	treat	treat	VERB
dem-11731	185	54	?	?	PUNCT
dem-11731	186	1	international	international	ADJ
dem-11731	186	2	review	review	NOUN
dem-11731	186	3	of	of	ADP
dem-11731	186	4	financial	financial	ADJ
dem-11731	186	5	analysis	analysis	NOUN
dem-11731	186	6	,	,	PUNCT
dem-11731	186	7	19(5	19(5	NUM
dem-11731	186	8	)	)	PUNCT
dem-11731	186	9	,	,	PUNCT
dem-11731	186	10	379–387	379–387	NUM
dem-11731	186	11	,	,	PUNCT
dem-11731	186	12	doi	doi	NOUN
dem-11731	186	13	:	:	PUNCT
dem-11731	186	14	https://doi.org/10.1016/j.irfa.2010.10.001	https://doi.org/10.1016/j.irfa.2010.10.001	PROPN
dem-11731	186	15	.	.	PUNCT
dem-11731	187	1	hirshleifer	hirshleifer	PROPN
dem-11731	187	2	,	,	PUNCT
dem-11731	187	3	d.	d.	PROPN
dem-11731	187	4	,	,	PUNCT
dem-11731	187	5	shumway	shumway	NOUN
dem-11731	187	6	t.	t.	PROPN
dem-11731	187	7	(	(	PUNCT
dem-11731	187	8	2003	2003	NUM
dem-11731	187	9	)	)	PUNCT
dem-11731	187	10	,	,	PUNCT
dem-11731	187	11	good	good	ADJ
dem-11731	187	12	day	day	NOUN
dem-11731	187	13	sunshine	sunshine	NOUN
dem-11731	187	14	:	:	PUNCT
dem-11731	187	15	stock	stock	NOUN
dem-11731	187	16	returns	return	NOUN
dem-11731	187	17	and	and	CCONJ
dem-11731	187	18	the	the	DET
dem-11731	187	19	weather	weather	NOUN
dem-11731	187	20	,	,	PUNCT
dem-11731	187	21	the	the	DET
dem-11731	187	22	journal	journal	NOUN
dem-11731	187	23	of	of	ADP
dem-11731	187	24	finance	finance	NOUN
dem-11731	187	25	,	,	PUNCT
dem-11731	187	26	58(3	58(3	NUM
dem-11731	187	27	)	)	PUNCT
dem-11731	187	28	,	,	PUNCT
dem-11731	187	29	1009–1032	1009–1032	NUM
dem-11731	187	30	http://www.jstor.org/stable/3094570	http://www.jstor.org/stable/3094570	VERB
dem-11731	187	31	hong	hong	PROPN
dem-11731	187	32	,	,	PUNCT
dem-11731	187	33	h.	h.	PROPN
dem-11731	187	34	,	,	PUNCT
dem-11731	187	35	yu	yu	PROPN
dem-11731	187	36	,	,	PUNCT
dem-11731	187	37	j.	j.	PROPN
dem-11731	187	38	(	(	PUNCT
dem-11731	187	39	2009	2009	NUM
dem-11731	187	40	)	)	PUNCT
dem-11731	187	41	,	,	PUNCT
dem-11731	187	42	gone	go	VERB
dem-11731	187	43	fishin	fishin	NOUN
dem-11731	187	44	’	'	PUNCT
dem-11731	187	45	:	:	PUNCT
dem-11731	187	46	seasonality	seasonality	NOUN
dem-11731	187	47	in	in	ADP
dem-11731	187	48	trading	trading	NOUN
dem-11731	187	49	activity	activity	NOUN
dem-11731	187	50	and	and	CCONJ
dem-11731	187	51	asset	asset	NOUN
dem-11731	187	52	prices	price	NOUN
dem-11731	187	53	,	,	PUNCT
dem-11731	187	54	journal	journal	NOUN
dem-11731	187	55	of	of	ADP
dem-11731	187	56	financial	financial	ADJ
dem-11731	187	57	markets	market	NOUN
dem-11731	187	58	,	,	PUNCT
dem-11731	187	59	12(4	12(4	NUM
dem-11731	187	60	)	)	PUNCT
dem-11731	187	61	,	,	PUNCT
dem-11731	187	62	672–702	672–702	NUM
dem-11731	187	63	,	,	PUNCT
dem-11731	187	64	doi	doi	NOUN
dem-11731	187	65	:	:	PUNCT
dem-11731	187	66	https://doi.org/10.1016/j.finmar.2009.06.001	https://doi.org/10.1016/j.finmar.2009.06.001	PROPN
dem-11731	187	67	.	.	PUNCT
dem-11731	188	1	huber	huber	PROPN
dem-11731	188	2	,	,	PUNCT
dem-11731	188	3	p.	p.	NOUN
dem-11731	188	4	(	(	PUNCT
dem-11731	188	5	1973	1973	NUM
dem-11731	188	6	)	)	PUNCT
dem-11731	188	7	,	,	PUNCT
dem-11731	188	8	robust	robust	ADJ
dem-11731	188	9	regression	regression	NOUN
dem-11731	188	10	:	:	PUNCT
dem-11731	188	11	asymptotics	asymptotic	NOUN
dem-11731	188	12	,	,	PUNCT
dem-11731	188	13	conjectures	conjecture	VERB
dem-11731	188	14	and	and	CCONJ
dem-11731	188	15	monte	monte	PROPN
dem-11731	188	16	carlo	carlo	PROPN
dem-11731	188	17	,	,	PUNCT
dem-11731	188	18	the	the	DET
dem-11731	188	19	annals	annal	NOUN
dem-11731	188	20	of	of	ADP
dem-11731	188	21	statistics	statistic	NOUN
dem-11731	188	22	,	,	PUNCT
dem-11731	188	23	1(5	1(5	NUM
dem-11731	188	24	)	)	PUNCT
dem-11731	188	25	,	,	PUNCT
dem-11731	189	1	799–821	799–821	NUM
dem-11731	189	2	.	.	PUNCT
dem-11731	190	1	http://www.jstor.org/stable/2958283	http://www.jstor.org/stable/2958283	PROPN
dem-11731	190	2	.	.	PUNCT
dem-11731	191	1	jacobsen	jacobsen	PROPN
dem-11731	191	2	,	,	PUNCT
dem-11731	191	3	b.	b.	PROPN
dem-11731	191	4	,	,	PUNCT
dem-11731	191	5	mamun	mamun	PROPN
dem-11731	191	6	,	,	PUNCT
dem-11731	191	7	a.	a.	PROPN
dem-11731	191	8	,	,	PUNCT
dem-11731	191	9	visaltanachoti	visaltanachoti	PROPN
dem-11731	191	10	,	,	PUNCT
dem-11731	191	11	n.	n.	PROPN
dem-11731	191	12	(	(	PUNCT
dem-11731	191	13	2005	2005	NUM
dem-11731	191	14	)	)	PUNCT
dem-11731	191	15	,	,	PUNCT
dem-11731	191	16	seasonal	seasonal	ADJ
dem-11731	191	17	,	,	PUNCT
dem-11731	191	18	size	size	NOUN
dem-11731	191	19	and	and	CCONJ
dem-11731	191	20	value	value	NOUN
dem-11731	191	21	anomalies	anomaly	NOUN
dem-11731	191	22	,	,	PUNCT
dem-11731	191	23	doi	doi	NOUN
dem-11731	191	24	:	:	PUNCT
dem-11731	191	25	http://dx.doi.org/10.2139/ssrn.784186	http://dx.doi.org/10.2139/ssrn.784186	PROPN
dem-11731	191	26	.	.	PUNCT
dem-11731	192	1	jacobsen	jacobsen	PROPN
dem-11731	192	2	,	,	PUNCT
dem-11731	192	3	b.	b.	PROPN
dem-11731	192	4	,	,	PUNCT
dem-11731	192	5	marquering	marquering	PROPN
dem-11731	192	6	,	,	PUNCT
dem-11731	192	7	w.	w.	PROPN
dem-11731	192	8	(	(	PUNCT
dem-11731	192	9	2008	2008	NUM
dem-11731	192	10	)	)	PUNCT
dem-11731	192	11	,	,	PUNCT
dem-11731	192	12	is	be	AUX
dem-11731	192	13	it	it	PRON
dem-11731	192	14	the	the	DET
dem-11731	192	15	weather	weather	NOUN
dem-11731	192	16	?	?	PUNCT
dem-11731	193	1	journal	journal	NOUN
dem-11731	193	2	of	of	ADP
dem-11731	193	3	banking	banking	NOUN
dem-11731	193	4	&	&	CCONJ
dem-11731	193	5	finance	finance	PROPN
dem-11731	193	6	,	,	PUNCT
dem-11731	193	7	32	32	NUM
dem-11731	193	8	,	,	PUNCT
dem-11731	193	9	526–540	526–540	NUM
dem-11731	193	10	,	,	PUNCT
dem-11731	193	11	doi	doi	NOUN
dem-11731	193	12	:	:	PUNCT
dem-11731	193	13	https://doi.org/10.1016/j.jbankfin.2007.08.004	https://doi.org/10.1016/j.jbankfin.2007.08.004	PROPN
dem-11731	193	14	.	.	PUNCT
dem-11731	194	1	jacobsen	jacobsen	PROPN
dem-11731	194	2	,	,	PUNCT
dem-11731	194	3	b.	b.	PROPN
dem-11731	194	4	,	,	PUNCT
dem-11731	194	5	marquering	marquering	PROPN
dem-11731	194	6	,	,	PUNCT
dem-11731	194	7	w.	w.	PROPN
dem-11731	194	8	(	(	PUNCT
dem-11731	194	9	2009	2009	NUM
dem-11731	194	10	)	)	PUNCT
dem-11731	194	11	,	,	PUNCT
dem-11731	194	12	is	be	AUX
dem-11731	194	13	it	it	PRON
dem-11731	194	14	the	the	DET
dem-11731	194	15	weather	weather	NOUN
dem-11731	194	16	?	?	PUNCT
dem-11731	195	1	response	response	NOUN
dem-11731	195	2	,	,	PUNCT
dem-11731	195	3	journal	journal	NOUN
dem-11731	195	4	of	of	ADP
dem-11731	195	5	banking	banking	NOUN
dem-11731	195	6	&	&	CCONJ
dem-11731	195	7	finance	finance	PROPN
dem-11731	195	8	,	,	PUNCT
dem-11731	195	9	33	33	NUM
dem-11731	195	10	,	,	PUNCT
dem-11731	195	11	583–587	583–587	NUM
dem-11731	195	12	,	,	PUNCT
dem-11731	195	13	doi	doi	NOUN
dem-11731	195	14	:	:	PUNCT
dem-11731	195	15	https://doi.org/10.1016/j.jbankfin.2008.09.011	https://doi.org/10.1016/j.jbankfin.2008.09.011	PROPN
dem-11731	195	16	.	.	PUNCT
dem-11731	196	1	jacobsen	jacobsen	PROPN
dem-11731	196	2	,	,	PUNCT
dem-11731	196	3	b.	b.	PROPN
dem-11731	196	4	,	,	PUNCT
dem-11731	196	5	visaltanachoti	visaltanachoti	PROPN
dem-11731	196	6	,	,	PUNCT
dem-11731	196	7	n.	n.	PROPN
dem-11731	196	8	(	(	PUNCT
dem-11731	196	9	2009	2009	NUM
dem-11731	196	10	)	)	PUNCT
dem-11731	196	11	,	,	PUNCT
dem-11731	196	12	the	the	DET
dem-11731	196	13	halloween	halloween	NOUN
dem-11731	196	14	effect	effect	NOUN
dem-11731	196	15	in	in	ADP
dem-11731	196	16	us	us	PROPN
dem-11731	196	17	sectors	sector	NOUN
dem-11731	196	18	,	,	PUNCT
dem-11731	196	19	financial	financial	ADJ
dem-11731	196	20	review	review	NOUN
dem-11731	196	21	,	,	PUNCT
dem-11731	196	22	44(3	44(3	NUM
dem-11731	196	23	)	)	PUNCT
dem-11731	196	24	,	,	PUNCT
dem-11731	196	25	437–459	437–459	NUM
dem-11731	196	26	,	,	PUNCT
dem-11731	196	27	doi	doi	NOUN
dem-11731	196	28	:	:	PUNCT
dem-11731	196	29	https://doi.org/10.1111/j.1540-6288.2009.00224.x	https://doi.org/10.1111/j.1540-6288.2009.00224.x	NUM
dem-11731	196	30	.	.	PUNCT
dem-11731	197	1	jacobsen	jacobsen	PROPN
dem-11731	197	2	,	,	PUNCT
dem-11731	197	3	b.	b.	PROPN
dem-11731	197	4	,	,	PUNCT
dem-11731	197	5	zhang	zhang	PROPN
dem-11731	197	6	c.y	c.y	PROPN
dem-11731	197	7	.	.	PROPN
dem-11731	197	8	(	(	PUNCT
dem-11731	197	9	2012a	2012a	NUM
dem-11731	197	10	)	)	PUNCT
dem-11731	197	11	,	,	PUNCT
dem-11731	197	12	the	the	DET
dem-11731	197	13	halloween	halloween	PROPN
dem-11731	197	14	indicator	indicator	NOUN
dem-11731	197	15	everywhere	everywhere	ADV
dem-11731	197	16	and	and	CCONJ
dem-11731	197	17	all	all	DET
dem-11731	197	18	the	the	DET
dem-11731	197	19	time	time	NOUN
dem-11731	197	20	,	,	PUNCT
dem-11731	197	21	http://ssrn.com/abstract=2154873	http://ssrn.com/abstract=2154873	PROPN
dem-11731	197	22	.	.	PUNCT
dem-11731	198	1	jacobsen	jacobsen	PROPN
dem-11731	198	2	,	,	PUNCT
dem-11731	198	3	b.	b.	PROPN
dem-11731	198	4	,	,	PUNCT
dem-11731	198	5	zhang	zhang	PROPN
dem-11731	198	6	,	,	PUNCT
dem-11731	198	7	c.y	c.y	PROPN
dem-11731	198	8	.	.	PROPN
dem-11731	198	9	(	(	PUNCT
dem-11731	198	10	2012	2012	NUM
dem-11731	198	11	)	)	PUNCT
dem-11731	198	12	,	,	PUNCT
dem-11731	198	13	are	be	AUX
dem-11731	198	14	monthly	monthly	ADJ
dem-11731	198	15	seasonals	seasonal	NOUN
dem-11731	198	16	real	real	ADJ
dem-11731	198	17	?	?	PUNCT
dem-11731	199	1	a	a	DET
dem-11731	199	2	three	three	NUM
dem-11731	199	3	century	century	NOUN
dem-11731	199	4	perspective	perspective	NOUN
dem-11731	199	5	,	,	PUNCT
dem-11731	199	6	review	review	NOUN
dem-11731	199	7	of	of	ADP
dem-11731	199	8	finance	finance	NOUN
dem-11731	199	9	,	,	PUNCT
dem-11731	199	10	17(5	17(5	NUM
dem-11731	199	11	)	)	PUNCT
dem-11731	199	12	,	,	PUNCT
dem-11731	199	13	1743–1785	1743–1785	NUM
dem-11731	199	14	,	,	PUNCT
dem-11731	199	15	doi	doi	NOUN
dem-11731	199	16	:	:	PUNCT
dem-11731	199	17	https://doi.org/10.1093/rof/rfs035	https://doi.org/10.1093/rof/rfs035	PROPN
dem-11731	199	18	.	.	PUNCT
dem-11731	199	19	kamstra	kamstra	PROPN
dem-11731	199	20	,	,	PUNCT
dem-11731	199	21	m.	m.	PROPN
dem-11731	199	22	j.	j.	PROPN
dem-11731	199	23	,	,	PUNCT
dem-11731	199	24	kramer	kramer	PROPN
dem-11731	199	25	,	,	PUNCT
dem-11731	199	26	l.	l.	PROPN
dem-11731	199	27	a.	a.	PROPN
dem-11731	199	28	,	,	PUNCT
dem-11731	199	29	levi	levi	PROPN
dem-11731	199	30	,	,	PUNCT
dem-11731	199	31	m.	m.	NOUN
dem-11731	199	32	(	(	PUNCT
dem-11731	199	33	2003	2003	NUM
dem-11731	199	34	)	)	PUNCT
dem-11731	199	35	,	,	PUNCT
dem-11731	199	36	winter	winter	NOUN
dem-11731	199	37	blues	blue	NOUN
dem-11731	199	38	:	:	PUNCT
dem-11731	199	39	a	a	DET
dem-11731	199	40	sad	sad	ADJ
dem-11731	199	41	stock	stock	NOUN
dem-11731	199	42	market	market	NOUN
dem-11731	199	43	cycle	cycle	NOUN
dem-11731	199	44	,	,	PUNCT
dem-11731	199	45	american	american	PROPN
dem-11731	199	46	economic	economic	PROPN
dem-11731	199	47	review	review	PROPN
dem-11731	199	48	,	,	PUNCT
dem-11731	199	49	93(1	93(1	NUM
dem-11731	199	50	)	)	PUNCT
dem-11731	199	51	,	,	PUNCT
dem-11731	199	52	324–343	324–343	NUM
dem-11731	199	53	,	,	PUNCT
dem-11731	199	54	doi	doi	NOUN
dem-11731	199	55	:	:	PUNCT
dem-11731	199	56	https://doi.org/10.1257/000282803321455322	https://doi.org/10.1257/000282803321455322	PROPN
dem-11731	199	57	.	.	PUNCT
dem-11731	199	58	kaustia	kaustia	PROPN
dem-11731	199	59	,	,	PUNCT
dem-11731	199	60	m.	m.	NOUN
dem-11731	199	61	,	,	PUNCT
dem-11731	199	62	rantapuska	rantapuska	NOUN
dem-11731	199	63	,	,	PUNCT
dem-11731	199	64	e.	e.	PROPN
dem-11731	199	65	(	(	PUNCT
dem-11731	199	66	2016	2016	NUM
dem-11731	199	67	)	)	PUNCT
dem-11731	199	68	,	,	PUNCT
dem-11731	199	69	does	do	AUX
dem-11731	199	70	mood	mood	NOUN
dem-11731	199	71	affect	affect	VERB
dem-11731	199	72	trading	trading	NOUN
dem-11731	199	73	behavior	behavior	NOUN
dem-11731	199	74	?	?	PUNCT
dem-11731	200	1	journal	journal	NOUN
dem-11731	200	2	of	of	ADP
dem-11731	200	3	financial	financial	ADJ
dem-11731	200	4	markets	market	NOUN
dem-11731	200	5	,	,	PUNCT
dem-11731	200	6	29	29	NUM
dem-11731	200	7	,	,	PUNCT
dem-11731	200	8	1–26	1–26	PROPN
dem-11731	200	9	doi	doi	NOUN
dem-11731	200	10	:	:	PUNCT
dem-11731	200	11	https://doi.org/10.1016/j.finmar.2015.08.001	https://doi.org/10.1016/j.finmar.2015.08.001	PROPN
dem-11731	200	12	.	.	PUNCT
dem-11731	201	1	keef	keef	PROPN
dem-11731	201	2	,	,	PUNCT
dem-11731	201	3	s.	s.	PROPN
dem-11731	201	4	p.	p.	PROPN
dem-11731	201	5	,	,	PUNCT
dem-11731	201	6	khaled	khaled	PROPN
dem-11731	201	7	,	,	PUNCT
dem-11731	201	8	m.	m.	NOUN
dem-11731	201	9	s.	s.	PROPN
dem-11731	201	10	(	(	PUNCT
dem-11731	201	11	2011	2011	NUM
dem-11731	201	12	)	)	PUNCT
dem-11731	201	13	,	,	PUNCT
dem-11731	201	14	a	a	DET
dem-11731	201	15	review	review	NOUN
dem-11731	201	16	of	of	ADP
dem-11731	201	17	the	the	DET
dem-11731	201	18	seasonal	seasonal	ADJ
dem-11731	201	19	affective	affective	ADJ
dem-11731	201	20	disorder	disorder	NOUN
dem-11731	201	21	hypothesis	hypothesis	NOUN
dem-11731	201	22	,	,	PUNCT
dem-11731	201	23	journal	journal	NOUN
dem-11731	201	24	of	of	ADP
dem-11731	201	25	socio	socio	NOUN
dem-11731	201	26	-	-	PUNCT
dem-11731	201	27	economics	economic	NOUN
dem-11731	201	28	,	,	PUNCT
dem-11731	201	29	40	40	NUM
dem-11731	201	30	,	,	PUNCT
dem-11731	201	31	959–967	959–967	NUM
dem-11731	201	32	,	,	PUNCT
dem-11731	201	33	doi	doi	NOUN
dem-11731	201	34	:	:	PUNCT
dem-11731	201	35	https://doi.org/10.1016/j.socec.2011.08.012	https://doi.org/10.1016/j.socec.2011.08.012	NOUN
dem-11731	201	36	.	.	PUNCT
dem-11731	202	1	kelly	kelly	PROPN
dem-11731	202	2	,	,	PUNCT
dem-11731	202	3	p.	p.	PROPN
dem-11731	202	4	j.	j.	PROPN
dem-11731	202	5	,	,	PUNCT
dem-11731	202	6	meschke	meschke	PROPN
dem-11731	202	7	,	,	PUNCT
dem-11731	202	8	f.	f.	PROPN
dem-11731	202	9	(	(	PUNCT
dem-11731	202	10	2010	2010	NUM
dem-11731	202	11	)	)	PUNCT
dem-11731	202	12	,	,	PUNCT
dem-11731	202	13	sentiment	sentiment	NOUN
dem-11731	202	14	and	and	CCONJ
dem-11731	202	15	stock	stock	NOUN
dem-11731	202	16	returns	return	NOUN
dem-11731	202	17	:	:	PUNCT
dem-11731	202	18	the	the	DET
dem-11731	202	19	sad	sad	ADJ
dem-11731	202	20	anomaly	anomaly	NOUN
dem-11731	202	21	revisited	revisit	VERB
dem-11731	202	22	,	,	PUNCT
dem-11731	202	23	journal	journal	NOUN
dem-11731	202	24	of	of	ADP
dem-11731	202	25	banking	banking	NOUN
dem-11731	202	26	&	&	CCONJ
dem-11731	202	27	finance	finance	PROPN
dem-11731	202	28	,	,	PUNCT
dem-11731	202	29	34(6	34(6	NUM
dem-11731	202	30	)	)	PUNCT
dem-11731	202	31	,	,	PUNCT
dem-11731	202	32	1308–1326	1308–1326	NUM
dem-11731	202	33	,	,	PUNCT
dem-11731	202	34	doi	doi	NOUN
dem-11731	202	35	:	:	PUNCT
dem-11731	202	36	https://doi.org/10.1016/j.jbankfin.2009.11.027	https://doi.org/10.1016/j.jbankfin.2009.11.027	PROPN
dem-11731	202	37	.	.	PUNCT
dem-11731	203	1	lean	lean	ADJ
dem-11731	203	2	,	,	PUNCT
dem-11731	203	3	h.	h.	PROPN
dem-11731	203	4	h.	h.	PROPN
dem-11731	203	5	(	(	PUNCT
dem-11731	203	6	2011	2011	NUM
dem-11731	203	7	)	)	PUNCT
dem-11731	203	8	,	,	PUNCT
dem-11731	203	9	the	the	DET
dem-11731	203	10	halloween	halloween	NOUN
dem-11731	203	11	puzzle	puzzle	NOUN
dem-11731	203	12	in	in	ADP
dem-11731	203	13	selected	select	VERB
dem-11731	203	14	asian	asian	ADJ
dem-11731	203	15	stock	stock	NOUN
dem-11731	203	16	markets	market	NOUN
dem-11731	203	17	,	,	PUNCT
dem-11731	203	18	international	international	ADJ
dem-11731	203	19	journal	journal	NOUN
dem-11731	203	20	of	of	ADP
dem-11731	203	21	economics	economic	NOUN
dem-11731	203	22	and	and	CCONJ
dem-11731	203	23	management	management	NOUN
dem-11731	203	24	,	,	PUNCT
dem-11731	203	25	5(2	5(2	NUM
dem-11731	203	26	)	)	PUNCT
dem-11731	203	27	,	,	PUNCT
dem-11731	203	28	216–225	216–225	NUM
dem-11731	203	29	,	,	PUNCT
dem-11731	203	30	http://www.scopus.com/inward/record.url?eid=2-s2.084869413435&partnerid=mn8toars	http://www.scopus.com/inward/record.url?eid=2-s2.084869413435&partnerid=mn8toar	NOUN
dem-11731	203	31	.	.	PUNCT
dem-11731	204	1	lucey	lucey	PROPN
dem-11731	204	2	,	,	PUNCT
dem-11731	204	3	b.	b.	PROPN
dem-11731	204	4	m	m	PROPN
dem-11731	204	5	,	,	PUNCT
dem-11731	204	6	zhao	zhao	PROPN
dem-11731	204	7	,	,	PUNCT
dem-11731	204	8	s.	s.	PROPN
dem-11731	204	9	(	(	PUNCT
dem-11731	204	10	2007	2007	NUM
dem-11731	204	11	)	)	PUNCT
dem-11731	204	12	,	,	PUNCT
dem-11731	204	13	halloween	halloween	NOUN
dem-11731	204	14	or	or	CCONJ
dem-11731	204	15	january	january	PROPN
dem-11731	204	16	?	?	PUNCT
dem-11731	205	1	yet	yet	CCONJ
dem-11731	205	2	another	another	DET
dem-11731	205	3	puzzle	puzzle	NOUN
dem-11731	205	4	,	,	PUNCT
dem-11731	205	5	international	international	ADJ
dem-11731	205	6	review	review	NOUN
dem-11731	205	7	of	of	ADP
dem-11731	205	8	financial	financial	ADJ
dem-11731	205	9	analysis	analysis	NOUN
dem-11731	205	10	,	,	PUNCT
dem-11731	205	11	17	17	NUM
dem-11731	205	12	,	,	PUNCT
dem-11731	205	13	1055–1069	1055–1069	NUM
dem-11731	205	14	,	,	PUNCT
dem-11731	205	15	doi	doi	NOUN
dem-11731	205	16	:	:	PUNCT
dem-11731	205	17	https://doi.org/10.1016/j.irfa.2006.03.003	https://doi.org/10.1016/j.irfa.2006.03.003	PROPN
dem-11731	205	18	.	.	NOUN
dem-11731	206	1	maberly	maberly	ADV
dem-11731	206	2	,	,	PUNCT
dem-11731	206	3	e.	e.	PROPN
dem-11731	206	4	d.	d.	PROPN
dem-11731	206	5	,	,	PUNCT
dem-11731	206	6	pierce	pierce	PROPN
dem-11731	206	7	,	,	PUNCT
dem-11731	206	8	r.	r.	PROPN
dem-11731	206	9	p.	p.	PROPN
dem-11731	206	10	(	(	PUNCT
dem-11731	206	11	2004	2004	NUM
dem-11731	206	12	)	)	PUNCT
dem-11731	206	13	,	,	PUNCT
dem-11731	206	14	stock	stock	NOUN
dem-11731	206	15	market	market	NOUN
dem-11731	206	16	efficiency	efficiency	NOUN
dem-11731	206	17	withstands	withstand	VERB
dem-11731	206	18	another	another	DET
dem-11731	206	19	challenge	challenge	NOUN
dem-11731	206	20	:	:	PUNCT
dem-11731	206	21	solving	solve	VERB
dem-11731	206	22	the	the	DET
dem-11731	206	23	"	"	PUNCT
dem-11731	206	24	sell	sell	NOUN
dem-11731	206	25	in	in	ADP
dem-11731	206	26	may/	may/	NOUN
dem-11731	206	27	buy	buy	VERB
dem-11731	206	28	after	after	ADP
dem-11731	206	29	halloween	halloween	NOUN
dem-11731	206	30	"	"	PUNCT
dem-11731	206	31	puzzle	puzzle	NOUN
dem-11731	206	32	,	,	PUNCT
dem-11731	206	33	econ	econ	PROPN
dem-11731	206	34	journal	journal	PROPN
dem-11731	206	35	watch	watch	PROPN
dem-11731	206	36	,	,	PUNCT
dem-11731	206	37	1	1	NUM
dem-11731	206	38	,	,	PUNCT
dem-11731	206	39	29–46	29–46	NUM
dem-11731	206	40	,	,	PUNCT
dem-11731	206	41	https://econjwatch.org/158	https://econjwatch.org/158	PROPN
dem-11731	206	42	.	.	PUNCT
dem-11731	207	1	https://doi.org/10.1016/0304-405x(83)90044-2	https://doi.org/10.1016/0304-405x(83)90044-2	NOUN
dem-11731	207	2	https://doi.org/10.1016/j.irfa.2010.10.001	https://doi.org/10.1016/j.irfa.2010.10.001	NOUN
dem-11731	207	3	https://doi.org/10.1016/j.finmar.2009.06.001	https://doi.org/10.1016/j.finmar.2009.06.001	NOUN
dem-11731	207	4	http://dx.doi.org/10.2139/ssrn.784186	http://dx.doi.org/10.2139/ssrn.784186	X
dem-11731	207	5	https://doi.org/10.1016/j.jbankfin.2007.08.004	https://doi.org/10.1016/j.jbankfin.2007.08.004	PROPN
dem-11731	207	6	https://doi.org/10.1016/j.jbankfin.2008.09.011	https://doi.org/10.1016/j.jbankfin.2008.09.011	ADJ
dem-11731	207	7	https://doi.org/10.1111/j.1540-6288.2009.00224.x	https://doi.org/10.1111/j.1540-6288.2009.00224.x	NOUN
dem-11731	207	8	https://doi.org/10.1093/rof/rfs035	https://doi.org/10.1093/rof/rfs035	PROPN
dem-11731	207	9	https://doi.org/10.1257/000282803321455322	https://doi.org/10.1257/000282803321455322	PROPN
dem-11731	207	10	https://doi.org/10.1016/j.finmar.2015.08.001	https://doi.org/10.1016/j.finmar.2015.08.001	PROPN
dem-11731	207	11	https://doi.org/10.1016/j.socec.2011.08.012	https://doi.org/10.1016/j.socec.2011.08.012	ADJ
dem-11731	207	12	https://doi.org/10.1016/j.jbankfin.2009.11.027	https://doi.org/10.1016/j.jbankfin.2009.11.027	ADV
dem-11731	207	13	https://doi.org/10.1016/j.irfa.2006.03.003	https://doi.org/10.1016/j.irfa.2006.03.003	PROPN
dem-11731	207	14	tomasz	tomasz	NOUN
dem-11731	207	15	schabek	schabek	NOUN
dem-11731	207	16	,	,	PUNCT
dem-11731	207	17	henrique	henrique	PROPN
dem-11731	207	18	castro	castro	PROPN
dem-11731	207	19	dynamic	dynamic	ADJ
dem-11731	207	20	econometric	econometric	ADJ
dem-11731	207	21	models	model	NOUN
dem-11731	207	22	17	17	NUM
dem-11731	207	23	(	(	PUNCT
dem-11731	207	24	2017	2017	NUM
dem-11731	207	25	)	)	PUNCT
dem-11731	207	26	5–18	5–18	NUM
dem-11731	207	27	18	18	NUM
dem-11731	207	28	o'higgins	o'higgin	NOUN
dem-11731	207	29	m.	m.	NOUN
dem-11731	207	30	,	,	PUNCT
dem-11731	207	31	downes	downes	PROPN
dem-11731	207	32	,	,	PUNCT
dem-11731	207	33	j.	j.	PROPN
dem-11731	207	34	(	(	PUNCT
dem-11731	207	35	1990	1990	NUM
dem-11731	207	36	)	)	PUNCT
dem-11731	207	37	,	,	PUNCT
dem-11731	207	38	beating	beat	VERB
dem-11731	207	39	the	the	DET
dem-11731	207	40	dow	dow	NOUN
dem-11731	207	41	.	.	PUNCT
dem-11731	208	1	a	a	DET
dem-11731	208	2	high	high	ADJ
dem-11731	208	3	-	-	PUNCT
dem-11731	208	4	return	return	NOUN
dem-11731	208	5	-	-	PUNCT
dem-11731	208	6	low	low	ADJ
dem-11731	208	7	-	-	PUNCT
dem-11731	208	8	risk	risk	NOUN
dem-11731	208	9	method	method	NOUN
dem-11731	208	10	for	for	ADP
dem-11731	208	11	investing	invest	VERB
dem-11731	208	12	in	in	ADP
dem-11731	208	13	industrial	industrial	ADJ
dem-11731	208	14	stocks	stock	NOUN
dem-11731	208	15	with	with	ADP
dem-11731	208	16	as	as	ADV
dem-11731	208	17	little	little	ADJ
dem-11731	208	18	as	as	ADP
dem-11731	208	19	$	$	SYM
dem-11731	208	20	5000	5000	NUM
dem-11731	208	21	,	,	PUNCT
dem-11731	208	22	harper	harper	NOUN
dem-11731	208	23	collins	collins	PROPN
dem-11731	208	24	,	,	PUNCT
dem-11731	208	25	new	new	PROPN
dem-11731	208	26	york	york	PROPN
dem-11731	208	27	saunders	saunders	PROPN
dem-11731	208	28	jr	jr	PROPN
dem-11731	208	29	.	.	PROPN
dem-11731	208	30	,	,	PUNCT
dem-11731	208	31	e.m	e.m	PROPN
dem-11731	208	32	.	.	PROPN
dem-11731	208	33	,	,	PUNCT
dem-11731	208	34	(	(	PUNCT
dem-11731	208	35	1993	1993	NUM
dem-11731	208	36	)	)	PUNCT
dem-11731	208	37	,	,	PUNCT
dem-11731	208	38	stock	stock	NOUN
dem-11731	208	39	prices	price	NOUN
dem-11731	208	40	and	and	CCONJ
dem-11731	208	41	wall	wall	PROPN
dem-11731	208	42	street	street	PROPN
dem-11731	208	43	weather	weather	NOUN
dem-11731	208	44	,	,	PUNCT
dem-11731	208	45	the	the	DET
dem-11731	208	46	american	american	PROPN
dem-11731	208	47	economic	economic	PROPN
dem-11731	208	48	review	review	PROPN
dem-11731	208	49	,	,	PUNCT
dem-11731	208	50	83(5	83(5	NUM
dem-11731	208	51	)	)	PUNCT
dem-11731	208	52	,	,	PUNCT
dem-11731	208	53	1337–1345	1337–1345	NUM
dem-11731	208	54	,	,	PUNCT
dem-11731	208	55	http://www.jstor.org/stable/2117565	http://www.jstor.org/stable/2117565	NOUN
dem-11731	208	56	.	.	PUNCT
dem-11731	209	1	qiu	qiu	PROPN
dem-11731	209	2	l.	l.	PROPN
dem-11731	209	3	,	,	PUNCT
dem-11731	209	4	welch	welch	PROPN
dem-11731	209	5	i.	i.	PROPN
dem-11731	209	6	(	(	PUNCT
dem-11731	209	7	2006	2006	NUM
dem-11731	209	8	)	)	PUNCT
dem-11731	209	9	,	,	PUNCT
dem-11731	209	10	investor	investor	NOUN
dem-11731	209	11	sentiment	sentiment	NOUN
dem-11731	209	12	measures	measure	NOUN
dem-11731	209	13	,	,	PUNCT
dem-11731	209	14	http://dx.doi.org/10.2139/ssrn.589641	http://dx.doi.org/10.2139/ssrn.589641	PROPN
dem-11731	209	15	.	.	PROPN
dem-11731	209	16	zarour	zarour	PROPN
dem-11731	209	17	,	,	PUNCT
dem-11731	209	18	b.	b.	PROPN
dem-11731	209	19	a.	a.	PROPN
dem-11731	209	20	(	(	PUNCT
dem-11731	209	21	2007	2007	NUM
dem-11731	209	22	)	)	PUNCT
dem-11731	209	23	,	,	PUNCT
dem-11731	209	24	the	the	DET
dem-11731	209	25	halloween	halloween	PROPN
dem-11731	209	26	effect	effect	PROPN
dem-11731	209	27	anomaly	anomaly	NOUN
dem-11731	209	28	:	:	PUNCT
dem-11731	209	29	evidence	evidence	NOUN
dem-11731	209	30	from	from	ADP
dem-11731	209	31	some	some	DET
dem-11731	209	32	arab	arab	ADJ
dem-11731	209	33	countries	country	NOUN
dem-11731	209	34	equity	equity	NOUN
dem-11731	209	35	markets	market	NOUN
dem-11731	209	36	.	.	PUNCT
dem-11731	210	1	studies	study	NOUN
dem-11731	210	2	in	in	ADP
dem-11731	210	3	business	business	NOUN
dem-11731	210	4	and	and	CCONJ
dem-11731	210	5	economics	economic	NOUN
dem-11731	210	6	,	,	PUNCT
dem-11731	210	7	13(1	13(1	NUM
dem-11731	210	8	)	)	PUNCT
dem-11731	210	9	,	,	PUNCT
dem-11731	210	10	68–76	68–76	NUM
dem-11731	210	11	,	,	PUNCT
dem-11731	210	12	http://hdl.handle.net/10576/6858	http://hdl.handle.net/10576/6858	NOUN
dem-11731	210	13	.	.	PUNCT
dem-11731	211	1	“	"	PUNCT
dem-11731	211	2	sell	sell	VERB
dem-11731	211	3	not	not	PART
dem-11731	211	4	only	only	ADV
dem-11731	211	5	in	in	ADP
dem-11731	211	6	may	may	PROPN
dem-11731	211	7	”	"	PUNCT
dem-11731	211	8	.	.	PUNCT
dem-11731	212	1	efekty	efekty	PROPN
dem-11731	212	2	sezonowe	sezonowe	VERB
dem-11731	212	3	na	na	PART
dem-11731	212	4	rynkach	rynkach	VERB
dem-11731	213	1	akcji	akcji	ADJ
dem-11731	213	2	z	z	NOUN
dem-11731	213	3	a	a	DET
dem-11731	213	4	r	r	NOUN
dem-11731	213	5	y	y	PROPN
dem-11731	213	6	s	s	PROPN
dem-11731	213	7	t	t	NOUN
dem-11731	214	1	r	r	NOUN
dem-11731	214	2	e	e	PROPN
dem-11731	214	3	ś	ś	PROPN
dem-11731	214	4	c	c	PROPN
dem-11731	214	5	i.	i.	PROPN
dem-11731	214	6	opisywana	opisywana	PROPN
dem-11731	215	1	w	w	PROPN
dem-11731	215	2	literaturze	literaturze	PROPN
dem-11731	215	3	anomalia	anomalia	PROPN
dem-11731	215	4	sezonowa	sezonowa	NOUN
dem-11731	215	5	(	(	PUNCT
dem-11731	215	6	upraszczając	upraszczając	PROPN
dem-11731	215	7	:	:	PUNCT
dem-11731	215	8	„	„	PUNCT
dem-11731	215	9	sprzedaj	sprzedaj	NOUN
dem-11731	215	10	w	w	PROPN
dem-11731	215	11	maju	maju	PROPN
dem-11731	215	12	,	,	PUNCT
dem-11731	215	13	kupuj	kupuj	PROPN
dem-11731	215	14	w	w	PROPN
dem-11731	215	15	październiku	październiku	PROPN
dem-11731	215	16	”	"	PUNCT
dem-11731	215	17	)	)	PUNCT
dem-11731	215	18	nadal	nadal	PROPN
dem-11731	215	19	pozostaje	pozostaje	PROPN
dem-11731	215	20	niewyjaśniona	niewyjaśniona	NOUN
dem-11731	215	21	.	.	PUNCT
dem-11731	216	1	w	w	NOUN
dem-11731	216	2	przeprowadzonych	przeprowadzonych	PROPN
dem-11731	216	3	regresjach	regresjach	NOUN
dem-11731	216	4	,	,	PUNCT
dem-11731	216	5	bazujących	bazujących	VERB
dem-11731	216	6	na	na	PART
dem-11731	216	7	długich	długich	PROPN
dem-11731	217	1	szeregach	szeregach	NOUN
dem-11731	217	2	czasowych	czasowych	PROPN
dem-11731	217	3	oraz	oraz	PROPN
dem-11731	217	4	na	na	PART
dem-11731	217	5	licznej	licznej	PROPN
dem-11731	217	6	grupie	grupie	PROPN
dem-11731	217	7	indeksów	indeksów	PROPN
dem-11731	217	8	giełdowych	giełdowych	PROPN
dem-11731	217	9	,	,	PUNCT
dem-11731	217	10	efekt	efekt	PROPN
dem-11731	217	11	halloween	halloween	PROPN
dem-11731	217	12	jest	jest	PROPN
dem-11731	217	13	istotny	istotny	PROPN
dem-11731	217	14	statystycznie	statystycznie	PROPN
dem-11731	217	15	w	w	PROPN
dem-11731	217	16	19	19	NUM
dem-11731	217	17	spośród	spośród	NOUN
dem-11731	217	18	73	73	NUM
dem-11731	217	19	badanych	badanych	NOUN
dem-11731	217	20	indeksów	indeksów	PROPN
dem-11731	217	21	,	,	PUNCT
dem-11731	217	22	ale	ale	NOUN
dem-11731	217	23	także	także	NOUN
dem-11731	217	24	w	w	PROPN
dem-11731	217	25	11	11	NUM
dem-11731	217	26	spośród	spośród	NOUN
dem-11731	217	27	23	23	NUM
dem-11731	217	28	indeksów	indeksów	PROPN
dem-11731	217	29	z	z	PROPN
dem-11731	217	30	najdłuższymi	najdłuższymi	PROPN
dem-11731	217	31	dostępnym	dostępnym	PROPN
dem-11731	217	32	szeregami	szeregami	ADJ
dem-11731	217	33	czasowymi	czasowymi	NOUN
dem-11731	217	34	.	.	PUNCT
dem-11731	218	1	wyniki	wyniki	PROPN
dem-11731	218	2	badań	badań	PROPN
dem-11731	218	3	wskazują	wskazują	PROPN
dem-11731	218	4	,	,	PUNCT
dem-11731	218	5	że	że	PROPN
dem-11731	218	6	ponadprzeciętne	ponadprzeciętne	PROPN
dem-11731	218	7	zyski	zyski	PROPN
dem-11731	218	8	mogą	mogą	NOUN
dem-11731	218	9	zostać	zostać	PROPN
dem-11731	218	10	zrealizowane	zrealizowane	PROPN
dem-11731	218	11	również	również	PROPN
dem-11731	218	12	w	w	PROPN
dem-11731	218	13	strategiach	strategiach	PROPN
dem-11731	218	14	zaczynających	zaczynających	PROPN
dem-11731	218	15	się	się	PROPN
dem-11731	218	16	w	w	PROPN
dem-11731	218	17	innych	innych	PROPN
dem-11731	218	18	miesiącach	miesiącach	NOUN
dem-11731	218	19	jesiennych	jesiennych	PROPN
dem-11731	218	20	.	.	PUNCT
dem-11731	219	1	stwierdzono	stwierdzono	PROPN
dem-11731	219	2	,	,	PUNCT
dem-11731	219	3	że	że	PROPN
dem-11731	219	4	także	także	PROPN
dem-11731	219	5	po	po	PROPN
dem-11731	219	6	włączeniu	włączeniu	PROPN
dem-11731	219	7	do	do	VERB
dem-11731	219	8	testowanych	testowanych	PROPN
dem-11731	220	1	modeli	modeli	PROPN
dem-11731	220	2	zmienny	zmienny	PROPN
dem-11731	220	3	kontrolnych	kontrolnych	PROPN
dem-11731	220	4	dotyczących	dotyczących	PROPN
dem-11731	220	5	pogody	pogody	NOUN
dem-11731	220	6	,	,	PUNCT
dem-11731	220	7	sentymentu	sentymentu	ADJ
dem-11731	220	8	inwestorów	inwestorów	NOUN
dem-11731	220	9	,	,	PUNCT
dem-11731	220	10	zmiennych	zmiennych	NOUN
dem-11731	220	11	makroekonomicznych	makroekonomicznych	NOUN
dem-11731	220	12	–	–	PUNCT
dem-11731	220	13	badana	badana	PROPN
dem-11731	220	14	anomalia	anomalia	PROPN
dem-11731	220	15	nadal	nadal	PROPN
dem-11731	220	16	istnieje	istnieje	PROPN
dem-11731	220	17	.	.	PUNCT
dem-11731	221	1	s	s	PART
dem-11731	221	2	ł	ł	PROPN
dem-11731	221	3	o	o	X
dem-11731	221	4	w	w	NOUN
dem-11731	221	5	a	a	DET
dem-11731	221	6	k	k	X
dem-11731	221	7	l	l	NOUN
dem-11731	221	8	u	u	NOUN
dem-11731	222	1	c	c	NOUN
dem-11731	222	2	z	z	NOUN
dem-11731	222	3	o	o	X
dem-11731	222	4	w	w	PROPN
dem-11731	223	1	e	e	NOUN
dem-11731	223	2	:	:	PUNCT
dem-11731	223	3	anomalie	anomalie	PROPN
dem-11731	223	4	sezonowe	sezonowe	PROPN
dem-11731	223	5	;	;	PUNCT
dem-11731	223	6	czynniki	czynniki	PROPN
dem-11731	223	7	behawioralne	behawioralne	PROPN
dem-11731	223	8	;	;	PUNCT
dem-11731	223	9	efekt	efekt	PROPN
dem-11731	223	10	halloween	halloween	PROPN
dem-11731	223	11	;	;	PUNCT
dem-11731	223	12	efekt	efekt	PROPN
dem-11731	223	13	stycznia	stycznia	NOUN
dem-11731	223	14	.	.	PUNCT