id	sid	tid	token	lemma	pos
dem-14839	1	1	2017	2017	NUM
dem-14839	1	2	nicolaus	nicolaus	PROPN
dem-14839	1	3	copernicus	copernicus	PROPN
dem-14839	1	4	university	university	PROPN
dem-14839	1	5	.	.	PUNCT
dem-14839	2	1	all	all	DET
dem-14839	2	2	rights	right	NOUN
dem-14839	2	3	reserved	reserve	VERB
dem-14839	2	4	.	.	PUNCT
dem-14839	3	1	http://www.dem.umk.pl/dem	http://www.dem.umk.pl/dem	PROPN
dem-14839	4	1	d	d	PUNCT
dem-14839	4	2	y	y	PROPN
dem-14839	4	3	n	n	PROPN
dem-14839	4	4	a	a	PRON
dem-14839	4	5	m	m	VERB
dem-14839	5	1	i	i	NOUN
dem-14839	5	2	c	c	NOUN
dem-14839	5	3	e	e	NOUN
dem-14839	5	4	c	c	NOUN
dem-14839	5	5	o	o	X
dem-14839	6	1	n	n	INTJ
dem-14839	6	2	o	o	NOUN
dem-14839	6	3	m	m	VERB
dem-14839	7	1	e	e	NOUN
dem-14839	7	2	t	t	NOUN
dem-14839	7	3	r	r	NOUN
dem-14839	7	4	i	i	NOUN
dem-14839	7	5	c	c	NOUN
dem-14839	7	6	m	m	VERB
dem-14839	7	7	o	o	NOUN
dem-14839	7	8	d	d	X
dem-14839	7	9	e	e	X
dem-14839	7	10	l	l	NOUN
dem-14839	7	11	s	s	X
dem-14839	7	12	doi	doi	NOUN
dem-14839	7	13	:	:	PUNCT
dem-14839	7	14	http://dx.doi.org/10.12775/dem.2017.007	http://dx.doi.org/10.12775/dem.2017.007	NOUN
dem-14839	7	15	vol	vol	NOUN
dem-14839	7	16	.	.	PROPN
dem-14839	8	1	17	17	NUM
dem-14839	8	2	(	(	PUNCT
dem-14839	8	3	2017	2017	NUM
dem-14839	8	4	)	)	PUNCT
dem-14839	9	1	115−127	115−127	NOUN
dem-14839	9	2	submitted	submit	VERB
dem-14839	9	3	october	october	PROPN
dem-14839	9	4	25	25	NUM
dem-14839	9	5	,	,	PUNCT
dem-14839	9	6	2017	2017	NUM
dem-14839	9	7	issn	issn	X
dem-14839	9	8	(	(	PUNCT
dem-14839	9	9	online	online	ADJ
dem-14839	9	10	)	)	PUNCT
dem-14839	9	11	2450	2450	NUM
dem-14839	9	12	-	-	SYM
dem-14839	9	13	7067	7067	NUM
dem-14839	9	14	accepted	accept	VERB
dem-14839	9	15	december	december	PROPN
dem-14839	9	16	28	28	NUM
dem-14839	9	17	,	,	PUNCT
dem-14839	9	18	2017	2017	NUM
dem-14839	9	19	issn	issn	PROPN
dem-14839	9	20	(	(	PUNCT
dem-14839	9	21	print	print	NOUN
dem-14839	9	22	)	)	PUNCT
dem-14839	9	23	1234	1234	NUM
dem-14839	9	24	-	-	SYM
dem-14839	9	25	3862	3862	NUM
dem-14839	9	26	ewa	ewa	PROPN
dem-14839	9	27	majerowska	majerowska	PROPN
dem-14839	9	28	,	,	PUNCT
dem-14839	9	29	magdalena	magdalena	PROPN
dem-14839	9	30	gostkowska	gostkowska	PROPN
dem-14839	9	31	-	-	PUNCT
dem-14839	9	32	drzewicka	drzewicka	NOUN
dem-14839	9	33	*	*	PUNCT
dem-14839	9	34	determinants	determinant	NOUN
dem-14839	9	35	of	of	ADP
dem-14839	9	36	corporate	corporate	ADJ
dem-14839	9	37	performance	performance	NOUN
dem-14839	9	38	:	:	PUNCT
dem-14839	9	39	modelling	model	VERB
dem-14839	9	40	approach	approach	NOUN
dem-14839	9	41	a	a	DET
dem-14839	9	42	b	b	PROPN
dem-14839	9	43	s	s	ADP
dem-14839	9	44	t	t	PROPN
dem-14839	9	45	r	r	NOUN
dem-14839	9	46	a	a	DET
dem-14839	9	47	c	c	NOUN
dem-14839	9	48	t.	t.	NOUN
dem-14839	9	49	this	this	DET
dem-14839	9	50	study	study	NOUN
dem-14839	9	51	is	be	AUX
dem-14839	9	52	to	to	PART
dem-14839	9	53	investigate	investigate	VERB
dem-14839	9	54	the	the	DET
dem-14839	9	55	influence	influence	NOUN
dem-14839	9	56	of	of	ADP
dem-14839	9	57	the	the	DET
dem-14839	9	58	selected	select	VERB
dem-14839	9	59	factors	factor	NOUN
dem-14839	9	60	of	of	ADP
dem-14839	9	61	the	the	DET
dem-14839	9	62	capital	capital	NOUN
dem-14839	9	63	structure	structure	NOUN
dem-14839	9	64	on	on	ADP
dem-14839	9	65	the	the	DET
dem-14839	9	66	corporate	corporate	ADJ
dem-14839	9	67	performance	performance	NOUN
dem-14839	9	68	.	.	PUNCT
dem-14839	10	1	an	an	DET
dem-14839	10	2	empirical	empirical	ADJ
dem-14839	10	3	analysis	analysis	NOUN
dem-14839	10	4	covers	cover	VERB
dem-14839	10	5	a	a	DET
dem-14839	10	6	sample	sample	NOUN
dem-14839	10	7	of	of	ADP
dem-14839	10	8	90	90	NUM
dem-14839	10	9	nonfinancial	nonfinancial	ADJ
dem-14839	10	10	companies	company	NOUN
dem-14839	10	11	traded	trade	VERB
dem-14839	10	12	on	on	ADP
dem-14839	10	13	the	the	DET
dem-14839	10	14	warsaw	warsaw	PROPN
dem-14839	10	15	stock	stock	PROPN
dem-14839	10	16	exchange	exchange	PROPN
dem-14839	10	17	,	,	PUNCT
dem-14839	10	18	in	in	ADP
dem-14839	10	19	the	the	DET
dem-14839	10	20	period	period	NOUN
dem-14839	10	21	of	of	ADP
dem-14839	10	22	2000–2015	2000–2015	NUM
dem-14839	10	23	.	.	PUNCT
dem-14839	11	1	the	the	DET
dem-14839	11	2	panel	panel	NOUN
dem-14839	11	3	data	data	NOUN
dem-14839	11	4	models	model	NOUN
dem-14839	11	5	for	for	ADP
dem-14839	11	6	two	two	NUM
dem-14839	11	7	corporate	corporate	ADJ
dem-14839	11	8	performance	performance	NOUN
dem-14839	11	9	measures	measure	NOUN
dem-14839	11	10	such	such	ADJ
dem-14839	11	11	roa	roa	NOUN
dem-14839	11	12	and	and	CCONJ
dem-14839	11	13	roe	roe	PROPN
dem-14839	11	14	were	be	AUX
dem-14839	11	15	estimated	estimate	VERB
dem-14839	11	16	.	.	PUNCT
dem-14839	12	1	the	the	DET
dem-14839	12	2	company	company	NOUN
dem-14839	12	3	’s	’s	PART
dem-14839	12	4	capital	capital	NOUN
dem-14839	12	5	structure	structure	NOUN
dem-14839	12	6	negatively	negatively	ADV
dem-14839	12	7	affects	affect	VERB
dem-14839	12	8	its	its	PRON
dem-14839	12	9	performance	performance	NOUN
dem-14839	12	10	.	.	PUNCT
dem-14839	13	1	it	it	PRON
dem-14839	13	2	is	be	AUX
dem-14839	13	3	in	in	ADP
dem-14839	13	4	line	line	NOUN
dem-14839	13	5	with	with	ADP
dem-14839	13	6	pecking	pecking	NOUN
dem-14839	13	7	order	order	NOUN
dem-14839	13	8	theory	theory	NOUN
dem-14839	13	9	and	and	CCONJ
dem-14839	13	10	previous	previous	ADJ
dem-14839	13	11	studies	study	NOUN
dem-14839	13	12	on	on	ADP
dem-14839	13	13	capital	capital	NOUN
dem-14839	13	14	structure	structure	NOUN
dem-14839	13	15	of	of	ADP
dem-14839	13	16	polish	polish	ADJ
dem-14839	13	17	companies	company	NOUN
dem-14839	13	18	.	.	PUNCT
dem-14839	14	1	k	k	PROPN
dem-14839	14	2	e	e	PROPN
dem-14839	14	3	y	y	PROPN
dem-14839	14	4	w	w	NOUN
dem-14839	14	5	o	o	NOUN
dem-14839	14	6	r	r	NOUN
dem-14839	14	7	d	d	PROPN
dem-14839	14	8	s	s	X
dem-14839	14	9	:	:	PUNCT
dem-14839	14	10	capital	capital	NOUN
dem-14839	14	11	structure	structure	NOUN
dem-14839	14	12	,	,	PUNCT
dem-14839	14	13	efficiency	efficiency	NOUN
dem-14839	14	14	,	,	PUNCT
dem-14839	14	15	panel	panel	NOUN
dem-14839	14	16	data	datum	NOUN
dem-14839	14	17	modelling	modelling	NOUN
dem-14839	14	18	,	,	PUNCT
dem-14839	14	19	roa	roa	PROPN
dem-14839	14	20	,	,	PUNCT
dem-14839	14	21	roe	roe	PROPN
dem-14839	14	22	j	j	PROPN
dem-14839	14	23	e	e	PROPN
dem-14839	14	24	l	l	PROPN
dem-14839	14	25	classification	classification	NOUN
dem-14839	14	26	:	:	PUNCT
dem-14839	14	27	g32	g32	NOUN
dem-14839	14	28	introduction	introduction	NOUN
dem-14839	14	29	chakravarty	chakravarty	NOUN
dem-14839	14	30	(	(	PUNCT
dem-14839	14	31	1986	1986	NUM
dem-14839	14	32	)	)	PUNCT
dem-14839	14	33	states	state	VERB
dem-14839	14	34	that	that	SCONJ
dem-14839	14	35	superior	superior	ADJ
dem-14839	14	36	financial	financial	ADJ
dem-14839	14	37	performance	performance	NOUN
dem-14839	14	38	is	be	AUX
dem-14839	14	39	a	a	DET
dem-14839	14	40	way	way	NOUN
dem-14839	14	41	to	to	PART
dem-14839	14	42	satisfy	satisfy	VERB
dem-14839	14	43	investors	investor	NOUN
dem-14839	14	44	and	and	CCONJ
dem-14839	14	45	could	could	AUX
dem-14839	14	46	be	be	AUX
dem-14839	14	47	represented	represent	VERB
dem-14839	14	48	by	by	ADP
dem-14839	14	49	profitability	profitability	NOUN
dem-14839	14	50	,	,	PUNCT
dem-14839	14	51	growth	growth	NOUN
dem-14839	14	52	in	in	ADP
dem-14839	14	53	sales	sale	NOUN
dem-14839	14	54	and	and	CCONJ
dem-14839	14	55	market	market	NOUN
dem-14839	14	56	value	value	NOUN
dem-14839	14	57	of	of	ADP
dem-14839	14	58	the	the	DET
dem-14839	14	59	company	company	NOUN
dem-14839	14	60	.	.	PUNCT
dem-14839	15	1	these	these	DET
dem-14839	15	2	three	three	NUM
dem-14839	15	3	aspects	aspect	NOUN
dem-14839	15	4	complement	complement	VERB
dem-14839	15	5	each	each	DET
dem-14839	15	6	other	other	ADJ
dem-14839	15	7	(	(	PUNCT
dem-14839	15	8	santos	santos	PROPN
dem-14839	15	9	,	,	PUNCT
dem-14839	15	10	brito	brito	PROPN
dem-14839	15	11	,	,	PUNCT
dem-14839	15	12	2012	2012	NUM
dem-14839	15	13	)	)	PUNCT
dem-14839	15	14	.	.	PUNCT
dem-14839	16	1	profitability	profitability	NOUN
dem-14839	16	2	measures	measure	VERB
dem-14839	16	3	a	a	DET
dem-14839	16	4	company	company	NOUN
dem-14839	16	5	’s	’s	PART
dem-14839	16	6	ability	ability	NOUN
dem-14839	16	7	to	to	PART
dem-14839	16	8	generate	generate	VERB
dem-14839	16	9	returns	return	NOUN
dem-14839	16	10	.	.	PUNCT
dem-14839	17	1	growth	growth	NOUN
dem-14839	17	2	reflects	reflect	VERB
dem-14839	17	3	firm	firm	NOUN
dem-14839	17	4	’s	’s	PART
dem-14839	17	5	ability	ability	NOUN
dem-14839	17	6	to	to	PART
dem-14839	17	7	enlarge	enlarge	VERB
dem-14839	17	8	its	its	PRON
dem-14839	17	9	size	size	NOUN
dem-14839	17	10	.	.	PUNCT
dem-14839	18	1	increasing	increase	VERB
dem-14839	18	2	size	size	NOUN
dem-14839	18	3	,	,	PUNCT
dem-14839	18	4	even	even	ADV
dem-14839	18	5	at	at	ADP
dem-14839	18	6	the	the	DET
dem-14839	18	7	same	same	ADJ
dem-14839	18	8	profitability	profitability	NOUN
dem-14839	18	9	level	level	NOUN
dem-14839	18	10	,	,	PUNCT
dem-14839	18	11	lead	lead	VERB
dem-14839	18	12	to	to	PART
dem-14839	18	13	increase	increase	VERB
dem-14839	18	14	company	company	NOUN
dem-14839	18	15	’s	’s	PART
dem-14839	18	16	absolute	absolute	ADJ
dem-14839	18	17	profit	profit	NOUN
dem-14839	18	18	and	and	CCONJ
dem-14839	18	19	cash	cash	NOUN
dem-14839	18	20	generation	generation	NOUN
dem-14839	18	21	.	.	PUNCT
dem-14839	19	1	larger	large	ADJ
dem-14839	19	2	size	size	NOUN
dem-14839	19	3	also	also	ADV
dem-14839	19	4	can	can	AUX
dem-14839	19	5	bring	bring	VERB
dem-14839	19	6	economies	economy	NOUN
dem-14839	19	7	of	of	ADP
dem-14839	19	8	*	*	PUNCT
dem-14839	19	9	correspondence	correspondence	NOUN
dem-14839	19	10	to	to	ADP
dem-14839	19	11	:	:	PUNCT
dem-14839	19	12	ewa	ewa	PROPN
dem-14839	19	13	majerowska	majerowska	PROPN
dem-14839	19	14	,	,	PUNCT
dem-14839	19	15	faculty	faculty	NOUN
dem-14839	19	16	of	of	ADP
dem-14839	19	17	management	management	NOUN
dem-14839	19	18	,	,	PUNCT
dem-14839	19	19	university	university	NOUN
dem-14839	19	20	of	of	ADP
dem-14839	19	21	gdańsk	gdańsk	PROPN
dem-14839	19	22	,	,	PUNCT
dem-14839	19	23	ul	ul	INTJ
dem-14839	19	24	.	.	PUNCT
dem-14839	19	25	armii	armii	PROPN
dem-14839	19	26	krajowej	krajowej	VERB
dem-14839	19	27	101	101	NUM
dem-14839	19	28	,	,	PUNCT
dem-14839	19	29	81	81	NUM
dem-14839	19	30	-	-	PUNCT
dem-14839	19	31	824	824	NUM
dem-14839	19	32	sopot	sopot	NOUN
dem-14839	19	33	,	,	PUNCT
dem-14839	19	34	poland	poland	PROPN
dem-14839	19	35	,	,	PUNCT
dem-14839	19	36	e	e	NOUN
dem-14839	19	37	-	-	NOUN
dem-14839	19	38	mail	mail	NOUN
dem-14839	19	39	:	:	PUNCT
dem-14839	19	40	ewa.majerowska@ug.edu.pl	ewa.majerowska@ug.edu.pl	PROPN
dem-14839	19	41	;	;	PUNCT
dem-14839	19	42	magdalena	magdalena	PROPN
dem-14839	19	43	gostkowska	gostkowska	PROPN
dem-14839	19	44	-	-	PUNCT
dem-14839	19	45	drzewicka	drzewicka	PROPN
dem-14839	19	46	,	,	PUNCT
dem-14839	19	47	faculty	faculty	NOUN
dem-14839	19	48	of	of	ADP
dem-14839	19	49	management	management	NOUN
dem-14839	19	50	,	,	PUNCT
dem-14839	19	51	university	university	NOUN
dem-14839	19	52	of	of	ADP
dem-14839	19	53	gdańsk	gdańsk	PROPN
dem-14839	19	54	,	,	PUNCT
dem-14839	19	55	ul	ul	INTJ
dem-14839	19	56	.	.	PUNCT
dem-14839	19	57	armii	armii	PROPN
dem-14839	19	58	krajowej	krajowej	VERB
dem-14839	19	59	101	101	NUM
dem-14839	19	60	,	,	PUNCT
dem-14839	19	61	81	81	NUM
dem-14839	19	62	-	-	PUNCT
dem-14839	19	63	824	824	NUM
dem-14839	19	64	sopot	sopot	NOUN
dem-14839	19	65	,	,	PUNCT
dem-14839	19	66	poland	poland	PROPN
dem-14839	19	67	,	,	PUNCT
dem-14839	19	68	e	e	NOUN
dem-14839	19	69	-	-	NOUN
dem-14839	19	70	mail	mail	NOUN
dem-14839	19	71	:	:	PUNCT
dem-14839	20	1	mgostkowska@wzr.ug.edu.pl	mgostkowska@wzr.ug.edu.pl	PROPN
dem-14839	20	2	.	.	PUNCT
dem-14839	21	1	ewa	ewa	PROPN
dem-14839	21	2	majerowska	majerowska	PROPN
dem-14839	21	3	,	,	PUNCT
dem-14839	21	4	magdalena	magdalena	PROPN
dem-14839	21	5	gostkowska	gostkowska	PROPN
dem-14839	21	6	-	-	PUNCT
dem-14839	21	7	drzewicka	drzewicka	NOUN
dem-14839	21	8	dynamic	dynamic	ADJ
dem-14839	21	9	econometric	econometric	ADJ
dem-14839	21	10	models	model	NOUN
dem-14839	21	11	17	17	NUM
dem-14839	21	12	(	(	PUNCT
dem-14839	21	13	2017	2017	NUM
dem-14839	21	14	)	)	PUNCT
dem-14839	21	15	115–127	115–127	NUM
dem-14839	21	16	116	116	NUM
dem-14839	21	17	scale	scale	NOUN
dem-14839	21	18	,	,	PUNCT
dem-14839	21	19	leading	lead	VERB
dem-14839	21	20	to	to	ADP
dem-14839	21	21	enhanced	enhance	VERB
dem-14839	21	22	future	future	ADJ
dem-14839	21	23	profitability	profitability	NOUN
dem-14839	21	24	.	.	PUNCT
dem-14839	22	1	market	market	NOUN
dem-14839	22	2	value	value	NOUN
dem-14839	22	3	represents	represent	VERB
dem-14839	22	4	the	the	DET
dem-14839	22	5	external	external	ADJ
dem-14839	22	6	assessment	assessment	NOUN
dem-14839	22	7	and	and	CCONJ
dem-14839	22	8	expectation	expectation	NOUN
dem-14839	22	9	of	of	ADP
dem-14839	22	10	company	company	NOUN
dem-14839	22	11	’s	’s	PART
dem-14839	22	12	future	future	ADJ
dem-14839	22	13	performance	performance	NOUN
dem-14839	22	14	.	.	PUNCT
dem-14839	23	1	it	it	PRON
dem-14839	23	2	is	be	AUX
dem-14839	23	3	postulated	postulate	VERB
dem-14839	23	4	,	,	PUNCT
dem-14839	23	5	that	that	DET
dem-14839	23	6	company	company	NOUN
dem-14839	23	7	’s	’s	PART
dem-14839	23	8	value	value	NOUN
dem-14839	23	9	depends	depend	VERB
dem-14839	23	10	on	on	ADP
dem-14839	23	11	its	its	PRON
dem-14839	23	12	financing	financing	NOUN
dem-14839	23	13	decisions	decision	NOUN
dem-14839	23	14	(	(	PUNCT
dem-14839	23	15	jensen	jensen	PROPN
dem-14839	23	16	and	and	CCONJ
dem-14839	23	17	meckling	meckling	NOUN
dem-14839	23	18	,	,	PUNCT
dem-14839	23	19	1976	1976	NUM
dem-14839	23	20	;	;	PUNCT
dem-14839	23	21	myers	myer	NOUN
dem-14839	23	22	,	,	PUNCT
dem-14839	23	23	1977	1977	NUM
dem-14839	23	24	,	,	PUNCT
dem-14839	23	25	1984	1984	NUM
dem-14839	23	26	)	)	PUNCT
dem-14839	23	27	.	.	PUNCT
dem-14839	24	1	it	it	PRON
dem-14839	24	2	means	mean	VERB
dem-14839	24	3	that	that	SCONJ
dem-14839	24	4	capital	capital	NOUN
dem-14839	24	5	structure	structure	NOUN
dem-14839	24	6	has	have	VERB
dem-14839	24	7	a	a	DET
dem-14839	24	8	significant	significant	ADJ
dem-14839	24	9	impact	impact	NOUN
dem-14839	24	10	on	on	ADP
dem-14839	24	11	corporate	corporate	ADJ
dem-14839	24	12	performance	performance	NOUN
dem-14839	24	13	.	.	PUNCT
dem-14839	25	1	it	it	PRON
dem-14839	25	2	is	be	AUX
dem-14839	25	3	also	also	ADV
dem-14839	25	4	argued	argue	VERB
dem-14839	25	5	that	that	SCONJ
dem-14839	25	6	profitable	profitable	ADJ
dem-14839	25	7	companies	company	NOUN
dem-14839	25	8	are	be	AUX
dem-14839	25	9	less	less	ADV
dem-14839	25	10	likely	likely	ADJ
dem-14839	25	11	to	to	PART
dem-14839	25	12	depend	depend	VERB
dem-14839	25	13	on	on	ADP
dem-14839	25	14	debt	debt	NOUN
dem-14839	25	15	than	than	ADP
dem-14839	25	16	less	less	ADV
dem-14839	25	17	profitable	profitable	ADJ
dem-14839	25	18	ones	one	NOUN
dem-14839	25	19	.	.	PUNCT
dem-14839	26	1	moreover	moreover	ADV
dem-14839	26	2	,	,	PUNCT
dem-14839	26	3	it	it	PRON
dem-14839	26	4	was	be	AUX
dem-14839	26	5	found	find	VERB
dem-14839	26	6	that	that	SCONJ
dem-14839	26	7	companies	company	NOUN
dem-14839	26	8	with	with	ADP
dem-14839	26	9	high	high	ADJ
dem-14839	26	10	growth	growth	NOUN
dem-14839	26	11	opportunities	opportunity	NOUN
dem-14839	26	12	have	have	VERB
dem-14839	26	13	a	a	DET
dem-14839	26	14	high	high	ADJ
dem-14839	26	15	profitability	profitability	NOUN
dem-14839	26	16	ratio	ratio	NOUN
dem-14839	26	17	.	.	PUNCT
dem-14839	27	1	also	also	ADV
dem-14839	27	2	asset	asset	NOUN
dem-14839	27	3	structure	structure	NOUN
dem-14839	27	4	and	and	CCONJ
dem-14839	27	5	size	size	NOUN
dem-14839	27	6	of	of	ADP
dem-14839	27	7	the	the	DET
dem-14839	27	8	firm	firm	NOUN
dem-14839	27	9	were	be	AUX
dem-14839	27	10	found	find	VERB
dem-14839	27	11	as	as	ADP
dem-14839	27	12	important	important	ADJ
dem-14839	27	13	factors	factor	NOUN
dem-14839	27	14	affecting	affect	VERB
dem-14839	27	15	firm	firm	ADJ
dem-14839	27	16	performance	performance	NOUN
dem-14839	27	17	level	level	NOUN
dem-14839	27	18	.	.	PUNCT
dem-14839	28	1	therefore	therefore	ADV
dem-14839	28	2	,	,	PUNCT
dem-14839	28	3	one	one	NUM
dem-14839	28	4	of	of	ADP
dem-14839	28	5	the	the	DET
dem-14839	28	6	most	most	ADV
dem-14839	28	7	important	important	ADJ
dem-14839	28	8	decisions	decision	NOUN
dem-14839	28	9	that	that	PRON
dem-14839	28	10	must	must	AUX
dem-14839	28	11	be	be	AUX
dem-14839	28	12	made	make	VERB
dem-14839	28	13	by	by	ADP
dem-14839	28	14	the	the	DET
dem-14839	28	15	financial	financial	ADJ
dem-14839	28	16	managers	manager	NOUN
dem-14839	28	17	is	be	AUX
dem-14839	28	18	to	to	PART
dem-14839	28	19	choose	choose	VERB
dem-14839	28	20	the	the	DET
dem-14839	28	21	right	right	ADJ
dem-14839	28	22	combination	combination	NOUN
dem-14839	28	23	of	of	ADP
dem-14839	28	24	debt	debt	NOUN
dem-14839	28	25	and	and	CCONJ
dem-14839	28	26	equity	equity	NOUN
dem-14839	28	27	capital	capital	NOUN
dem-14839	28	28	that	that	PRON
dem-14839	28	29	optimizes	optimize	VERB
dem-14839	28	30	a	a	DET
dem-14839	28	31	corporate	corporate	ADJ
dem-14839	28	32	performance	performance	NOUN
dem-14839	28	33	defined	define	VERB
dem-14839	28	34	in	in	ADP
dem-14839	28	35	terms	term	NOUN
dem-14839	28	36	of	of	ADP
dem-14839	28	37	return	return	NOUN
dem-14839	28	38	on	on	ADP
dem-14839	28	39	assets	asset	NOUN
dem-14839	28	40	and	and	CCONJ
dem-14839	28	41	equity	equity	NOUN
dem-14839	28	42	.	.	PUNCT
dem-14839	29	1	moreover	moreover	ADV
dem-14839	29	2	,	,	PUNCT
dem-14839	29	3	it	it	PRON
dem-14839	29	4	is	be	AUX
dem-14839	29	5	necessary	necessary	ADJ
dem-14839	29	6	to	to	PART
dem-14839	29	7	identify	identify	VERB
dem-14839	29	8	the	the	DET
dem-14839	29	9	major	major	ADJ
dem-14839	29	10	factors	factor	NOUN
dem-14839	29	11	influence	influence	VERB
dem-14839	29	12	the	the	DET
dem-14839	29	13	relationship	relationship	NOUN
dem-14839	29	14	between	between	ADP
dem-14839	29	15	a	a	DET
dem-14839	29	16	company	company	NOUN
dem-14839	29	17	’s	’s	PART
dem-14839	29	18	capital	capital	NOUN
dem-14839	29	19	structure	structure	NOUN
dem-14839	29	20	and	and	CCONJ
dem-14839	29	21	its	its	PRON
dem-14839	29	22	performance	performance	NOUN
dem-14839	29	23	.	.	PUNCT
dem-14839	30	1	the	the	DET
dem-14839	30	2	purpose	purpose	NOUN
dem-14839	30	3	of	of	ADP
dem-14839	30	4	this	this	DET
dem-14839	30	5	study	study	NOUN
dem-14839	30	6	is	be	AUX
dem-14839	30	7	to	to	PART
dem-14839	30	8	investigate	investigate	VERB
dem-14839	30	9	the	the	DET
dem-14839	30	10	influence	influence	NOUN
dem-14839	30	11	of	of	ADP
dem-14839	30	12	the	the	DET
dem-14839	30	13	selected	select	VERB
dem-14839	30	14	factors	factor	NOUN
dem-14839	30	15	of	of	ADP
dem-14839	30	16	the	the	DET
dem-14839	30	17	capital	capital	NOUN
dem-14839	30	18	structure	structure	NOUN
dem-14839	30	19	on	on	ADP
dem-14839	30	20	the	the	DET
dem-14839	30	21	corporate	corporate	ADJ
dem-14839	30	22	performance	performance	NOUN
dem-14839	30	23	of	of	ADP
dem-14839	30	24	polish	polish	ADJ
dem-14839	30	25	companies	company	NOUN
dem-14839	30	26	listed	list	VERB
dem-14839	30	27	on	on	ADP
dem-14839	30	28	warsaw	warsaw	PROPN
dem-14839	30	29	stock	stock	PROPN
dem-14839	30	30	exchange	exchange	PROPN
dem-14839	30	31	.	.	PUNCT
dem-14839	31	1	obtaining	obtain	VERB
dem-14839	31	2	clear	clear	ADJ
dem-14839	31	3	and	and	CCONJ
dem-14839	31	4	comprehensive	comprehensive	ADJ
dem-14839	31	5	answers	answer	NOUN
dem-14839	31	6	about	about	ADP
dem-14839	31	7	the	the	DET
dem-14839	31	8	nature	nature	NOUN
dem-14839	31	9	of	of	ADP
dem-14839	31	10	the	the	DET
dem-14839	31	11	factors	factor	NOUN
dem-14839	31	12	shaping	shape	VERB
dem-14839	31	13	the	the	DET
dem-14839	31	14	corporate	corporate	ADJ
dem-14839	31	15	performance	performance	NOUN
dem-14839	31	16	of	of	ADP
dem-14839	31	17	polish	polish	ADJ
dem-14839	31	18	companies	company	NOUN
dem-14839	31	19	is	be	AUX
dem-14839	31	20	difficult	difficult	ADJ
dem-14839	31	21	due	due	ADP
dem-14839	31	22	to	to	ADP
dem-14839	31	23	the	the	DET
dem-14839	31	24	small	small	ADJ
dem-14839	31	25	range	range	NOUN
dem-14839	31	26	of	of	ADP
dem-14839	31	27	domestic	domestic	ADJ
dem-14839	31	28	research	research	NOUN
dem-14839	31	29	.	.	PUNCT
dem-14839	32	1	previous	previous	ADJ
dem-14839	32	2	research	research	NOUN
dem-14839	32	3	on	on	ADP
dem-14839	32	4	capital	capital	NOUN
dem-14839	32	5	structure	structure	NOUN
dem-14839	32	6	of	of	ADP
dem-14839	32	7	polish	polish	ADJ
dem-14839	32	8	companies	company	NOUN
dem-14839	32	9	showed	show	VERB
dem-14839	32	10	that	that	SCONJ
dem-14839	32	11	they	they	PRON
dem-14839	32	12	prefer	prefer	VERB
dem-14839	32	13	to	to	PART
dem-14839	32	14	finance	finance	VERB
dem-14839	32	15	with	with	ADP
dem-14839	32	16	internal	internal	ADJ
dem-14839	32	17	founds	found	NOUN
dem-14839	32	18	(	(	PUNCT
dem-14839	32	19	e.g.	e.g.	ADV
dem-14839	32	20	hamrol	hamrol	NOUN
dem-14839	32	21	,	,	PUNCT
dem-14839	32	22	sieczko	sieczko	PROPN
dem-14839	32	23	2006	2006	NUM
dem-14839	32	24	;	;	PUNCT
dem-14839	32	25	wilimowska	wilimowska	PROPN
dem-14839	32	26	,	,	PUNCT
dem-14839	32	27	wilimowski	wilimowski	ADJ
dem-14839	32	28	2010	2010	NUM
dem-14839	32	29	;	;	PUNCT
dem-14839	32	30	jędrzejczak	jędrzejczak	NOUN
dem-14839	32	31	-	-	PUNCT
dem-14839	32	32	gas	gas	NOUN
dem-14839	32	33	,	,	PUNCT
dem-14839	32	34	2014	2014	NUM
dem-14839	32	35	)	)	PUNCT
dem-14839	32	36	.	.	PUNCT
dem-14839	33	1	this	this	PRON
dem-14839	33	2	is	be	AUX
dem-14839	33	3	in	in	ADP
dem-14839	33	4	line	line	NOUN
dem-14839	33	5	with	with	ADP
dem-14839	33	6	pecking	pecking	NOUN
dem-14839	33	7	order	order	NOUN
dem-14839	33	8	theory	theory	NOUN
dem-14839	33	9	,	,	PUNCT
dem-14839	33	10	so	so	ADV
dem-14839	33	11	it	it	PRON
dem-14839	33	12	is	be	AUX
dem-14839	33	13	assumed	assume	VERB
dem-14839	33	14	that	that	SCONJ
dem-14839	33	15	:	:	PUNCT
dem-14839	33	16	h1	h1	PROPN
dem-14839	33	17	.	.	PUNCT
dem-14839	34	1	a	a	DET
dem-14839	34	2	company	company	NOUN
dem-14839	34	3	’s	’s	PART
dem-14839	34	4	leverage	leverage	NOUN
dem-14839	34	5	is	be	AUX
dem-14839	34	6	expected	expect	VERB
dem-14839	34	7	to	to	PART
dem-14839	34	8	decrease	decrease	VERB
dem-14839	34	9	its	its	PRON
dem-14839	34	10	performance	performance	NOUN
dem-14839	34	11	.	.	PUNCT
dem-14839	35	1	h2	h2	NOUN
dem-14839	35	2	.	.	PUNCT
dem-14839	36	1	growth	growth	NOUN
dem-14839	36	2	opportunities	opportunity	NOUN
dem-14839	36	3	affect	affect	VERB
dem-14839	36	4	a	a	DET
dem-14839	36	5	company	company	NOUN
dem-14839	36	6	’s	’s	PART
dem-14839	36	7	performance	performance	NOUN
dem-14839	36	8	positively	positively	ADV
dem-14839	36	9	.	.	PUNCT
dem-14839	37	1	h3	h3	NOUN
dem-14839	37	2	.	.	PUNCT
dem-14839	38	1	there	there	PRON
dem-14839	38	2	is	be	VERB
dem-14839	38	3	a	a	DET
dem-14839	38	4	positive	positive	ADJ
dem-14839	38	5	relationship	relationship	NOUN
dem-14839	38	6	between	between	ADP
dem-14839	38	7	size	size	NOUN
dem-14839	38	8	and	and	CCONJ
dem-14839	38	9	a	a	DET
dem-14839	38	10	company	company	NOUN
dem-14839	38	11	’s	’s	PART
dem-14839	38	12	performance	performance	NOUN
dem-14839	38	13	.	.	PUNCT
dem-14839	39	1	h4	h4	PROPN
dem-14839	39	2	.	.	PUNCT
dem-14839	40	1	a	a	DET
dem-14839	40	2	company	company	NOUN
dem-14839	40	3	’s	’s	PART
dem-14839	40	4	tangibility	tangibility	NOUN
dem-14839	40	5	has	have	VERB
dem-14839	40	6	a	a	DET
dem-14839	40	7	negative	negative	ADJ
dem-14839	40	8	influence	influence	NOUN
dem-14839	40	9	on	on	ADP
dem-14839	40	10	its	its	PRON
dem-14839	40	11	performance	performance	NOUN
dem-14839	40	12	.	.	PUNCT
dem-14839	41	1	an	an	DET
dem-14839	41	2	empirical	empirical	ADJ
dem-14839	41	3	analysis	analysis	NOUN
dem-14839	41	4	covers	cover	VERB
dem-14839	41	5	a	a	DET
dem-14839	41	6	sample	sample	NOUN
dem-14839	41	7	of	of	ADP
dem-14839	41	8	90	90	NUM
dem-14839	41	9	non	non	ADJ
dem-14839	41	10	-	-	ADJ
dem-14839	41	11	financial	financial	ADJ
dem-14839	41	12	companies	company	NOUN
dem-14839	41	13	traded	trade	VERB
dem-14839	41	14	on	on	ADP
dem-14839	41	15	the	the	DET
dem-14839	41	16	warsaw	warsaw	PROPN
dem-14839	41	17	stock	stock	PROPN
dem-14839	41	18	exchange	exchange	PROPN
dem-14839	41	19	,	,	PUNCT
dem-14839	41	20	in	in	ADP
dem-14839	41	21	the	the	DET
dem-14839	41	22	period	period	NOUN
dem-14839	41	23	of	of	ADP
dem-14839	41	24	2000–2015	2000–2015	NUM
dem-14839	41	25	.	.	PUNCT
dem-14839	42	1	the	the	DET
dem-14839	42	2	panel	panel	NOUN
dem-14839	42	3	data	data	NOUN
dem-14839	42	4	models	model	NOUN
dem-14839	42	5	for	for	ADP
dem-14839	42	6	two	two	NUM
dem-14839	42	7	corporate	corporate	ADJ
dem-14839	42	8	performance	performance	NOUN
dem-14839	42	9	measures	measure	NOUN
dem-14839	42	10	such	such	ADJ
dem-14839	42	11	roa	roa	NOUN
dem-14839	42	12	and	and	CCONJ
dem-14839	42	13	roe	roe	PROPN
dem-14839	42	14	were	be	AUX
dem-14839	42	15	estimated	estimate	VERB
dem-14839	42	16	.	.	PUNCT
dem-14839	43	1	the	the	DET
dem-14839	43	2	paper	paper	NOUN
dem-14839	43	3	is	be	AUX
dem-14839	43	4	organized	organize	VERB
dem-14839	43	5	in	in	ADP
dem-14839	43	6	following	follow	VERB
dem-14839	43	7	way	way	NOUN
dem-14839	43	8	:	:	PUNCT
dem-14839	43	9	after	after	ADP
dem-14839	43	10	introduction	introduction	NOUN
dem-14839	43	11	,	,	PUNCT
dem-14839	43	12	the	the	DET
dem-14839	43	13	first	first	ADJ
dem-14839	43	14	section	section	NOUN
dem-14839	43	15	discusses	discuss	VERB
dem-14839	43	16	the	the	DET
dem-14839	43	17	literature	literature	NOUN
dem-14839	43	18	review	review	NOUN
dem-14839	43	19	on	on	ADP
dem-14839	43	20	corporate	corporate	ADJ
dem-14839	43	21	performance	performance	NOUN
dem-14839	43	22	.	.	PUNCT
dem-14839	44	1	the	the	DET
dem-14839	44	2	second	second	ADJ
dem-14839	44	3	section	section	NOUN
dem-14839	44	4	presents	present	VERB
dem-14839	44	5	the	the	DET
dem-14839	44	6	determinants	determinant	NOUN
dem-14839	44	7	of	of	ADP
dem-14839	44	8	corporate	corporate	ADJ
dem-14839	44	9	performance	performance	NOUN
dem-14839	44	10	.	.	PUNCT
dem-14839	45	1	the	the	DET
dem-14839	45	2	third	third	ADJ
dem-14839	45	3	section	section	NOUN
dem-14839	45	4	presents	present	VERB
dem-14839	45	5	dataset	dataset	NOUN
dem-14839	45	6	and	and	CCONJ
dem-14839	45	7	methodology	methodology	NOUN
dem-14839	45	8	of	of	ADP
dem-14839	45	9	the	the	DET
dem-14839	45	10	research	research	NOUN
dem-14839	45	11	.	.	PUNCT
dem-14839	46	1	the	the	DET
dem-14839	46	2	fourth	fourth	ADJ
dem-14839	46	3	section	section	NOUN
dem-14839	46	4	shows	show	VERB
dem-14839	46	5	the	the	DET
dem-14839	46	6	empirical	empirical	ADJ
dem-14839	46	7	models	model	NOUN
dem-14839	46	8	used	use	VERB
dem-14839	46	9	to	to	PART
dem-14839	46	10	investigate	investigate	VERB
dem-14839	46	11	the	the	DET
dem-14839	46	12	effect	effect	NOUN
dem-14839	46	13	of	of	ADP
dem-14839	46	14	capital	capital	NOUN
dem-14839	46	15	structure	structure	NOUN
dem-14839	46	16	determinants	determinant	NOUN
dem-14839	46	17	on	on	ADP
dem-14839	46	18	corporate	corporate	ADJ
dem-14839	46	19	performance	performance	NOUN
dem-14839	46	20	,	,	PUNCT
dem-14839	46	21	and	and	CCONJ
dem-14839	46	22	the	the	DET
dem-14839	46	23	last	last	ADJ
dem-14839	46	24	one	one	NOUN
dem-14839	46	25	concludes	conclude	VERB
dem-14839	46	26	the	the	DET
dem-14839	46	27	paper	paper	NOUN
dem-14839	46	28	.	.	PUNCT
dem-14839	47	1	determinants	determinant	NOUN
dem-14839	47	2	of	of	ADP
dem-14839	47	3	corporate	corporate	ADJ
dem-14839	47	4	performance	performance	NOUN
dem-14839	47	5	:	:	PUNCT
dem-14839	47	6	modelling	model	VERB
dem-14839	47	7	approach	approach	NOUN
dem-14839	47	8	dynamic	dynamic	ADJ
dem-14839	47	9	econometric	econometric	ADJ
dem-14839	47	10	models	model	NOUN
dem-14839	47	11	17	17	NUM
dem-14839	47	12	(	(	PUNCT
dem-14839	47	13	2017	2017	NUM
dem-14839	47	14	)	)	PUNCT
dem-14839	47	15	115–127	115–127	NUM
dem-14839	47	16	117	117	NUM
dem-14839	47	17	1	1	NUM
dem-14839	47	18	.	.	PUNCT
dem-14839	48	1	the	the	DET
dem-14839	48	2	literature	literature	PROPN
dem-14839	48	3	review	review	NOUN
dem-14839	48	4	on	on	ADP
dem-14839	48	5	corporate	corporate	ADJ
dem-14839	48	6	performance	performance	NOUN
dem-14839	48	7	corporate	corporate	ADJ
dem-14839	48	8	performance	performance	NOUN
dem-14839	48	9	is	be	AUX
dem-14839	48	10	an	an	DET
dem-14839	48	11	ambiguous	ambiguous	ADJ
dem-14839	48	12	term	term	NOUN
dem-14839	48	13	and	and	CCONJ
dem-14839	48	14	it	it	PRON
dem-14839	48	15	is	be	AUX
dem-14839	48	16	used	use	VERB
dem-14839	48	17	interchangeably	interchangeably	ADV
dem-14839	48	18	with	with	ADP
dem-14839	48	19	terms	term	NOUN
dem-14839	48	20	of	of	ADP
dem-14839	48	21	business	business	NOUN
dem-14839	48	22	or	or	CCONJ
dem-14839	48	23	firm	firm	ADJ
dem-14839	48	24	performance	performance	NOUN
dem-14839	48	25	.	.	PUNCT
dem-14839	49	1	it	it	PRON
dem-14839	49	2	appears	appear	VERB
dem-14839	49	3	in	in	ADP
dem-14839	49	4	most	most	ADJ
dem-14839	49	5	branches	branch	NOUN
dem-14839	49	6	of	of	ADP
dem-14839	49	7	management	management	NOUN
dem-14839	49	8	and	and	CCONJ
dem-14839	49	9	finance	finance	NOUN
dem-14839	49	10	and	and	CCONJ
dem-14839	49	11	it	it	PRON
dem-14839	49	12	is	be	AUX
dem-14839	49	13	of	of	ADP
dem-14839	49	14	interest	interest	NOUN
dem-14839	49	15	to	to	ADP
dem-14839	49	16	both	both	PRON
dem-14839	49	17	academic	academic	ADJ
dem-14839	49	18	scholars	scholar	NOUN
dem-14839	49	19	and	and	CCONJ
dem-14839	49	20	practicing	practice	VERB
dem-14839	49	21	managers	manager	NOUN
dem-14839	49	22	.	.	PUNCT
dem-14839	50	1	cameron	cameron	PROPN
dem-14839	50	2	and	and	CCONJ
dem-14839	50	3	whetten	whetten	VERB
dem-14839	50	4	(	(	PUNCT
dem-14839	50	5	1983	1983	NUM
dem-14839	50	6	)	)	PUNCT
dem-14839	50	7	state	state	NOUN
dem-14839	50	8	that	that	SCONJ
dem-14839	50	9	the	the	DET
dem-14839	50	10	importance	importance	NOUN
dem-14839	50	11	of	of	ADP
dem-14839	50	12	performance	performance	NOUN
dem-14839	50	13	in	in	ADP
dem-14839	50	14	strategic	strategic	ADJ
dem-14839	50	15	management	management	NOUN
dem-14839	50	16	can	can	AUX
dem-14839	50	17	be	be	AUX
dem-14839	50	18	argued	argue	VERB
dem-14839	50	19	along	along	ADP
dem-14839	50	20	three	three	NUM
dem-14839	50	21	dimensions	dimension	NOUN
dem-14839	50	22	,	,	PUNCT
dem-14839	50	23	i.e.	i.e.	X
dem-14839	50	24	theoretical	theoretical	ADJ
dem-14839	50	25	,	,	PUNCT
dem-14839	50	26	empirical	empirical	ADJ
dem-14839	50	27	and	and	CCONJ
dem-14839	50	28	managerial	managerial	ADJ
dem-14839	50	29	.	.	PUNCT
dem-14839	51	1	theoretically	theoretically	ADV
dem-14839	51	2	,	,	PUNCT
dem-14839	51	3	the	the	DET
dem-14839	51	4	concept	concept	NOUN
dem-14839	51	5	of	of	ADP
dem-14839	51	6	business	business	NOUN
dem-14839	51	7	performance	performance	NOUN
dem-14839	51	8	is	be	AUX
dem-14839	51	9	at	at	ADP
dem-14839	51	10	the	the	DET
dem-14839	51	11	center	center	NOUN
dem-14839	51	12	of	of	ADP
dem-14839	51	13	strategic	strategic	ADJ
dem-14839	51	14	management	management	NOUN
dem-14839	51	15	and	and	CCONJ
dem-14839	51	16	finance	finance	NOUN
dem-14839	51	17	.	.	PUNCT
dem-14839	52	1	empirically	empirically	ADV
dem-14839	52	2	,	,	PUNCT
dem-14839	52	3	many	many	ADJ
dem-14839	52	4	research	research	NOUN
dem-14839	52	5	studies	study	NOUN
dem-14839	52	6	employ	employ	VERB
dem-14839	52	7	the	the	DET
dem-14839	52	8	construct	construct	NOUN
dem-14839	52	9	of	of	ADP
dem-14839	52	10	performance	performance	NOUN
dem-14839	52	11	to	to	PART
dem-14839	52	12	examine	examine	VERB
dem-14839	52	13	a	a	DET
dem-14839	52	14	variety	variety	NOUN
dem-14839	52	15	of	of	ADP
dem-14839	52	16	strategy	strategy	NOUN
dem-14839	52	17	content	content	NOUN
dem-14839	52	18	and	and	CCONJ
dem-14839	52	19	process	process	NOUN
dem-14839	52	20	issues	issue	NOUN
dem-14839	52	21	.	.	PUNCT
dem-14839	53	1	the	the	DET
dem-14839	53	2	managerial	managerial	ADJ
dem-14839	53	3	importance	importance	NOUN
dem-14839	53	4	of	of	ADP
dem-14839	53	5	this	this	DET
dem-14839	53	6	category	category	NOUN
dem-14839	53	7	is	be	AUX
dem-14839	53	8	all	all	ADV
dem-14839	53	9	too	too	ADV
dem-14839	53	10	evident	evident	ADJ
dem-14839	53	11	in	in	ADP
dem-14839	53	12	many	many	ADJ
dem-14839	53	13	prescriptions	prescription	NOUN
dem-14839	53	14	offered	offer	VERB
dem-14839	53	15	for	for	ADP
dem-14839	53	16	performance	performance	NOUN
dem-14839	53	17	improvement	improvement	NOUN
dem-14839	53	18	.	.	PUNCT
dem-14839	54	1	venkatraman	venkatraman	NOUN
dem-14839	54	2	and	and	CCONJ
dem-14839	54	3	ramanujam	ramanujam	NOUN
dem-14839	54	4	(	(	PUNCT
dem-14839	54	5	1986	1986	NUM
dem-14839	54	6	)	)	PUNCT
dem-14839	54	7	offered	offer	VERB
dem-14839	54	8	a	a	DET
dem-14839	54	9	scheme	scheme	NOUN
dem-14839	54	10	of	of	ADP
dem-14839	54	11	three	three	NUM
dem-14839	54	12	overlapping	overlap	VERB
dem-14839	54	13	concentric	concentric	ADJ
dem-14839	54	14	circles	circle	NOUN
dem-14839	54	15	with	with	ADP
dem-14839	54	16	the	the	DET
dem-14839	54	17	largest	large	ADJ
dem-14839	54	18	one	one	NOUN
dem-14839	54	19	which	which	PRON
dem-14839	54	20	is	be	AUX
dem-14839	54	21	representing	represent	VERB
dem-14839	54	22	organizational	organizational	ADJ
dem-14839	54	23	effectiveness	effectiveness	NOUN
dem-14839	54	24	.	.	PUNCT
dem-14839	55	1	this	this	DET
dem-14839	55	2	broadest	broad	ADJ
dem-14839	55	3	domain	domain	NOUN
dem-14839	55	4	includes	include	VERB
dem-14839	55	5	the	the	DET
dem-14839	55	6	medium	medium	ADJ
dem-14839	55	7	circle	circle	NOUN
dem-14839	55	8	representing	represent	VERB
dem-14839	55	9	business	business	NOUN
dem-14839	55	10	performance	performance	NOUN
dem-14839	55	11	.	.	PUNCT
dem-14839	56	1	this	this	DET
dem-14839	56	2	one	one	NOUN
dem-14839	56	3	includes	include	VERB
dem-14839	56	4	the	the	DET
dem-14839	56	5	inner	inner	ADJ
dem-14839	56	6	circle	circle	NOUN
dem-14839	56	7	representing	represent	VERB
dem-14839	56	8	financial	financial	ADJ
dem-14839	56	9	performance	performance	NOUN
dem-14839	56	10	.	.	PUNCT
dem-14839	57	1	santos	santos	PROPN
dem-14839	57	2	and	and	CCONJ
dem-14839	57	3	brito	brito	PROPN
dem-14839	57	4	(	(	PUNCT
dem-14839	57	5	2012	2012	NUM
dem-14839	57	6	)	)	PUNCT
dem-14839	57	7	state	state	NOUN
dem-14839	57	8	that	that	SCONJ
dem-14839	57	9	business	business	NOUN
dem-14839	57	10	performance	performance	NOUN
dem-14839	57	11	is	be	AUX
dem-14839	57	12	a	a	DET
dem-14839	57	13	subset	subset	NOUN
dem-14839	57	14	of	of	ADP
dem-14839	57	15	organizational	organizational	ADJ
dem-14839	57	16	effectiveness	effectiveness	NOUN
dem-14839	57	17	that	that	PRON
dem-14839	57	18	covers	cover	VERB
dem-14839	57	19	operational	operational	ADJ
dem-14839	57	20	and	and	CCONJ
dem-14839	57	21	financial	financial	ADJ
dem-14839	57	22	outcomes	outcome	NOUN
dem-14839	57	23	.	.	PUNCT
dem-14839	58	1	corporate	corporate	ADJ
dem-14839	58	2	performance	performance	NOUN
dem-14839	58	3	measures	measure	NOUN
dem-14839	58	4	could	could	AUX
dem-14839	58	5	be	be	AUX
dem-14839	58	6	either	either	CCONJ
dem-14839	58	7	financial	financial	ADJ
dem-14839	58	8	or	or	CCONJ
dem-14839	58	9	operational	operational	ADJ
dem-14839	58	10	.	.	PUNCT
dem-14839	59	1	financial	financial	ADJ
dem-14839	59	2	performance	performance	NOUN
dem-14839	59	3	,	,	PUNCT
dem-14839	59	4	for	for	ADP
dem-14839	59	5	example	example	NOUN
dem-14839	59	6	profit	profit	NOUN
dem-14839	59	7	maximization	maximization	NOUN
dem-14839	59	8	,	,	PUNCT
dem-14839	59	9	maximizing	maximize	VERB
dem-14839	59	10	profit	profit	NOUN
dem-14839	59	11	on	on	ADP
dem-14839	59	12	assets	asset	NOUN
dem-14839	59	13	and	and	CCONJ
dem-14839	59	14	maximizing	maximize	VERB
dem-14839	59	15	shareholders	shareholder	NOUN
dem-14839	59	16	'	'	PART
dem-14839	59	17	benefits	benefit	NOUN
dem-14839	59	18	are	be	AUX
dem-14839	59	19	at	at	ADP
dem-14839	59	20	the	the	DET
dem-14839	59	21	core	core	NOUN
dem-14839	59	22	of	of	ADP
dem-14839	59	23	the	the	DET
dem-14839	59	24	firm	firm	NOUN
dem-14839	59	25	’s	’s	PART
dem-14839	59	26	effectiveness	effectiveness	NOUN
dem-14839	59	27	.	.	PUNCT
dem-14839	60	1	operational	operational	ADJ
dem-14839	60	2	performance	performance	NOUN
dem-14839	60	3	could	could	AUX
dem-14839	60	4	be	be	AUX
dem-14839	60	5	measured	measure	VERB
dem-14839	60	6	by	by	ADP
dem-14839	60	7	growth	growth	NOUN
dem-14839	60	8	in	in	ADP
dem-14839	60	9	sales	sale	NOUN
dem-14839	60	10	and	and	CCONJ
dem-14839	60	11	growth	growth	NOUN
dem-14839	60	12	in	in	ADP
dem-14839	60	13	market	market	NOUN
dem-14839	60	14	share	share	NOUN
dem-14839	60	15	.	.	PUNCT
dem-14839	61	1	it	it	PRON
dem-14839	61	2	provide	provide	VERB
dem-14839	61	3	a	a	DET
dem-14839	61	4	broad	broad	ADJ
dem-14839	61	5	definition	definition	NOUN
dem-14839	61	6	of	of	ADP
dem-14839	61	7	performance	performance	NOUN
dem-14839	61	8	and	and	CCONJ
dem-14839	61	9	focus	focus	VERB
dem-14839	61	10	on	on	ADP
dem-14839	61	11	the	the	DET
dem-14839	61	12	factors	factor	NOUN
dem-14839	61	13	that	that	PRON
dem-14839	61	14	ultimately	ultimately	ADV
dem-14839	61	15	lead	lead	VERB
dem-14839	61	16	to	to	ADP
dem-14839	61	17	financial	financial	ADJ
dem-14839	61	18	performance	performance	NOUN
dem-14839	61	19	(	(	PUNCT
dem-14839	61	20	chakravarthy,1986	chakravarthy,1986	NOUN
dem-14839	61	21	;	;	PUNCT
dem-14839	61	22	hoffer	hoffer	NOUN
dem-14839	61	23	and	and	CCONJ
dem-14839	61	24	sandberg	sandberg	PROPN
dem-14839	61	25	,	,	PUNCT
dem-14839	61	26	1987	1987	NUM
dem-14839	61	27	)	)	PUNCT
dem-14839	61	28	.	.	PUNCT
dem-14839	62	1	corporate	corporate	ADJ
dem-14839	62	2	performance	performance	NOUN
dem-14839	62	3	could	could	AUX
dem-14839	62	4	be	be	AUX
dem-14839	62	5	defined	define	VERB
dem-14839	62	6	in	in	ADP
dem-14839	62	7	context	context	NOUN
dem-14839	62	8	of	of	ADP
dem-14839	62	9	accounting	accounting	NOUN
dem-14839	62	10	or	or	CCONJ
dem-14839	62	11	market	market	NOUN
dem-14839	62	12	measures	measure	NOUN
dem-14839	62	13	.	.	PUNCT
dem-14839	63	1	the	the	DET
dem-14839	63	2	most	most	ADV
dem-14839	63	3	commonly	commonly	ADV
dem-14839	63	4	used	use	VERB
dem-14839	63	5	corporate	corporate	ADJ
dem-14839	63	6	performance	performance	NOUN
dem-14839	63	7	measures	measure	NOUN
dem-14839	63	8	are	be	AUX
dem-14839	63	9	return	return	NOUN
dem-14839	63	10	on	on	ADP
dem-14839	63	11	assets	asset	NOUN
dem-14839	63	12	(	(	PUNCT
dem-14839	63	13	roa	roa	NOUN
dem-14839	63	14	)	)	PUNCT
dem-14839	63	15	,	,	PUNCT
dem-14839	63	16	return	return	VERB
dem-14839	63	17	on	on	ADP
dem-14839	63	18	equity	equity	NOUN
dem-14839	63	19	(	(	PUNCT
dem-14839	63	20	roe	roe	PROPN
dem-14839	63	21	)	)	PUNCT
dem-14839	63	22	and	and	CCONJ
dem-14839	63	23	return	return	VERB
dem-14839	63	24	on	on	ADP
dem-14839	63	25	investment	investment	NOUN
dem-14839	63	26	(	(	PUNCT
dem-14839	63	27	roi	roi	NOUN
dem-14839	63	28	)	)	PUNCT
dem-14839	63	29	.	.	PUNCT
dem-14839	64	1	they	they	PRON
dem-14839	64	2	are	be	AUX
dem-14839	64	3	financial	financial	ADJ
dem-14839	64	4	ratios	ratio	NOUN
dem-14839	64	5	that	that	PRON
dem-14839	64	6	are	be	AUX
dem-14839	64	7	assumed	assume	VERB
dem-14839	64	8	to	to	PART
dem-14839	64	9	reflect	reflect	VERB
dem-14839	64	10	the	the	DET
dem-14839	64	11	fulfillment	fulfillment	NOUN
dem-14839	64	12	of	of	ADP
dem-14839	64	13	the	the	DET
dem-14839	64	14	economic	economic	ADJ
dem-14839	64	15	goals	goal	NOUN
dem-14839	64	16	of	of	ADP
dem-14839	64	17	the	the	DET
dem-14839	64	18	company	company	NOUN
dem-14839	64	19	(	(	PUNCT
dem-14839	64	20	venkatraman	venkatraman	NOUN
dem-14839	64	21	and	and	CCONJ
dem-14839	64	22	ramanujam	ramanujam	NOUN
dem-14839	64	23	,	,	PUNCT
dem-14839	64	24	1986	1986	NUM
dem-14839	64	25	)	)	PUNCT
dem-14839	64	26	.	.	PUNCT
dem-14839	65	1	these	these	DET
dem-14839	65	2	indicators	indicator	NOUN
dem-14839	65	3	are	be	AUX
dem-14839	65	4	used	use	VERB
dem-14839	65	5	by	by	ADP
dem-14839	65	6	many	many	ADJ
dem-14839	65	7	researchers	researcher	NOUN
dem-14839	65	8	(	(	PUNCT
dem-14839	65	9	e.g.	e.g.	ADV
dem-14839	65	10	rajan	rajan	PROPN
dem-14839	65	11	,	,	PUNCT
dem-14839	65	12	zingales	zingale	NOUN
dem-14839	65	13	,	,	PUNCT
dem-14839	65	14	1995	1995	NUM
dem-14839	65	15	;	;	PUNCT
dem-14839	65	16	nawaz	nawaz	PROPN
dem-14839	65	17	et	et	PROPN
dem-14839	65	18	al	al	PROPN
dem-14839	65	19	.	.	PROPN
dem-14839	65	20	,	,	PUNCT
dem-14839	65	21	2011	2011	NUM
dem-14839	65	22	;	;	PUNCT
dem-14839	65	23	addae	addae	NOUN
dem-14839	65	24	,	,	PUNCT
dem-14839	65	25	nyarko	nyarko	NOUN
dem-14839	65	26	-	-	PUNCT
dem-14839	65	27	baasi	baasi	NOUN
dem-14839	65	28	,	,	PUNCT
dem-14839	65	29	hughes	hughe	NOUN
dem-14839	65	30	,	,	PUNCT
dem-14839	65	31	2013	2013	NUM
dem-14839	65	32	;	;	PUNCT
dem-14839	65	33	gupta	gupta	PROPN
dem-14839	65	34	,	,	PUNCT
dem-14839	65	35	2015	2015	NUM
dem-14839	65	36	,	,	PUNCT
dem-14839	65	37	igbinosa	igbinosa	PROPN
dem-14839	65	38	,	,	PUNCT
dem-14839	65	39	2015	2015	NUM
dem-14839	65	40	)	)	PUNCT
dem-14839	65	41	.	.	PUNCT
dem-14839	66	1	in	in	ADP
dem-14839	66	2	the	the	DET
dem-14839	66	3	,	,	PUNCT
dem-14839	66	4	,	,	PUNCT
dem-14839	66	5	value	value	NOUN
dem-14839	66	6	-	-	PUNCT
dem-14839	66	7	based	base	VERB
dem-14839	66	8	”	"	PUNCT
dem-14839	66	9	approach	approach	NOUN
dem-14839	66	10	market	market	NOUN
dem-14839	66	11	performance	performance	NOUN
dem-14839	66	12	measures	measure	NOUN
dem-14839	66	13	are	be	AUX
dem-14839	66	14	more	more	ADV
dem-14839	66	15	appropriate	appropriate	ADJ
dem-14839	66	16	than	than	ADP
dem-14839	66	17	accounting	accounting	NOUN
dem-14839	66	18	-	-	PUNCT
dem-14839	66	19	based	base	VERB
dem-14839	66	20	ratios	ratio	NOUN
dem-14839	66	21	(	(	PUNCT
dem-14839	66	22	hax	hax	NOUN
dem-14839	66	23	and	and	CCONJ
dem-14839	66	24	majluf	majluf	NOUN
dem-14839	66	25	,	,	PUNCT
dem-14839	66	26	1984	1984	NUM
dem-14839	66	27	)	)	PUNCT
dem-14839	66	28	.	.	PUNCT
dem-14839	67	1	such	such	ADJ
dem-14839	67	2	indicators	indicator	NOUN
dem-14839	67	3	as	as	ADP
dem-14839	67	4	price	price	NOUN
dem-14839	67	5	per	per	ADP
dem-14839	67	6	share	share	NOUN
dem-14839	67	7	to	to	ADP
dem-14839	67	8	the	the	DET
dem-14839	67	9	earnings	earning	NOUN
dem-14839	67	10	per	per	ADP
dem-14839	67	11	share	share	NOUN
dem-14839	67	12	(	(	PUNCT
dem-14839	67	13	p	p	X
dem-14839	67	14	/	/	SYM
dem-14839	67	15	e	e	NOUN
dem-14839	67	16	)	)	PUNCT
dem-14839	67	17	,	,	PUNCT
dem-14839	67	18	market	market	NOUN
dem-14839	67	19	value	value	NOUN
dem-14839	67	20	of	of	ADP
dem-14839	67	21	equity	equity	NOUN
dem-14839	67	22	to	to	ADP
dem-14839	67	23	book	book	NOUN
dem-14839	67	24	value	value	NOUN
dem-14839	67	25	of	of	ADP
dem-14839	67	26	equity	equity	NOUN
dem-14839	67	27	(	(	PUNCT
dem-14839	67	28	mbvr	mbvr	NOUN
dem-14839	67	29	)	)	PUNCT
dem-14839	67	30	,	,	PUNCT
dem-14839	67	31	and	and	CCONJ
dem-14839	67	32	tobin	tobin	PROPN
dem-14839	67	33	’s	’s	PART
dem-14839	67	34	q	q	NOUN
dem-14839	67	35	are	be	AUX
dem-14839	67	36	often	often	ADV
dem-14839	67	37	used	use	VERB
dem-14839	67	38	in	in	ADP
dem-14839	67	39	many	many	ADJ
dem-14839	67	40	studies	study	NOUN
dem-14839	67	41	(	(	PUNCT
dem-14839	67	42	e.g.	e.g.	ADV
dem-14839	67	43	rajan	rajan	PROPN
dem-14839	67	44	,	,	PUNCT
dem-14839	67	45	zingales	zingale	NOUN
dem-14839	67	46	,	,	PUNCT
dem-14839	67	47	1995	1995	NUM
dem-14839	67	48	;	;	PUNCT
dem-14839	67	49	demsetz	demsetz	VERB
dem-14839	67	50	,	,	PUNCT
dem-14839	67	51	villalonga	villalonga	ADJ
dem-14839	67	52	,	,	PUNCT
dem-14839	67	53	2001	2001	NUM
dem-14839	67	54	;	;	PUNCT
dem-14839	67	55	zeitun	zeitun	NUM
dem-14839	67	56	,	,	PUNCT
dem-14839	67	57	tian	tian	ADJ
dem-14839	67	58	,	,	PUNCT
dem-14839	67	59	2007	2007	NUM
dem-14839	67	60	;	;	PUNCT
dem-14839	67	61	van	van	PROPN
dem-14839	67	62	essen	essen	PROPN
dem-14839	67	63	et	et	PROPN
dem-14839	67	64	al	al	PROPN
dem-14839	67	65	.	.	PROPN
dem-14839	67	66	,	,	PUNCT
dem-14839	67	67	2015	2015	NUM
dem-14839	67	68	)	)	PUNCT
dem-14839	67	69	.	.	PUNCT
dem-14839	68	1	ewa	ewa	PROPN
dem-14839	68	2	majerowska	majerowska	PROPN
dem-14839	68	3	,	,	PUNCT
dem-14839	68	4	magdalena	magdalena	PROPN
dem-14839	68	5	gostkowska	gostkowska	PROPN
dem-14839	68	6	-	-	PUNCT
dem-14839	68	7	drzewicka	drzewicka	NOUN
dem-14839	68	8	dynamic	dynamic	ADJ
dem-14839	68	9	econometric	econometric	ADJ
dem-14839	68	10	models	model	NOUN
dem-14839	68	11	17	17	NUM
dem-14839	68	12	(	(	PUNCT
dem-14839	68	13	2017	2017	NUM
dem-14839	68	14	)	)	PUNCT
dem-14839	68	15	115–127	115–127	NUM
dem-14839	68	16	118	118	NUM
dem-14839	68	17	2	2	NUM
dem-14839	68	18	.	.	PUNCT
dem-14839	68	19	determinants	determinant	NOUN
dem-14839	68	20	of	of	ADP
dem-14839	68	21	corporate	corporate	ADJ
dem-14839	68	22	performance	performance	NOUN
dem-14839	68	23	the	the	DET
dem-14839	68	24	capital	capital	NOUN
dem-14839	68	25	structure	structure	NOUN
dem-14839	68	26	theories	theory	NOUN
dem-14839	68	27	suggest	suggest	VERB
dem-14839	68	28	that	that	SCONJ
dem-14839	68	29	leverage	leverage	NOUN
dem-14839	68	30	level	level	NOUN
dem-14839	68	31	can	can	AUX
dem-14839	68	32	have	have	VERB
dem-14839	68	33	a	a	DET
dem-14839	68	34	major	major	ADJ
dem-14839	68	35	impact	impact	NOUN
dem-14839	68	36	on	on	ADP
dem-14839	68	37	corporate	corporate	ADJ
dem-14839	68	38	performance	performance	NOUN
dem-14839	68	39	(	(	PUNCT
dem-14839	68	40	bandyopadhyay	bandyopadhyay	NOUN
dem-14839	68	41	,	,	PUNCT
dem-14839	68	42	barua	barua	PROPN
dem-14839	68	43	,	,	PUNCT
dem-14839	68	44	2016	2016	NUM
dem-14839	68	45	)	)	PUNCT
dem-14839	68	46	.	.	PUNCT
dem-14839	69	1	some	some	PRON
dem-14839	69	2	of	of	ADP
dem-14839	69	3	theoretical	theoretical	ADJ
dem-14839	69	4	predictions	prediction	NOUN
dem-14839	69	5	on	on	ADP
dem-14839	69	6	this	this	DET
dem-14839	69	7	effect	effect	NOUN
dem-14839	69	8	are	be	AUX
dem-14839	69	9	contradictory	contradictory	ADJ
dem-14839	69	10	.	.	PUNCT
dem-14839	70	1	under	under	ADP
dem-14839	70	2	framework	framework	NOUN
dem-14839	70	3	of	of	ADP
dem-14839	70	4	trade	trade	NOUN
dem-14839	70	5	-	-	PUNCT
dem-14839	70	6	off	off	ADP
dem-14839	70	7	theory	theory	NOUN
dem-14839	70	8	lewellen	lewellen	NOUN
dem-14839	70	9	and	and	CCONJ
dem-14839	70	10	roden	roden	PROPN
dem-14839	70	11	(	(	PUNCT
dem-14839	70	12	1995	1995	NUM
dem-14839	70	13	)	)	PUNCT
dem-14839	70	14	showed	show	VERB
dem-14839	70	15	that	that	SCONJ
dem-14839	70	16	the	the	DET
dem-14839	70	17	total	total	ADJ
dem-14839	70	18	debt	debt	NOUN
dem-14839	70	19	and	and	CCONJ
dem-14839	70	20	the	the	DET
dem-14839	70	21	profitability	profitability	NOUN
dem-14839	70	22	of	of	ADP
dem-14839	70	23	a	a	DET
dem-14839	70	24	company	company	NOUN
dem-14839	70	25	are	be	AUX
dem-14839	70	26	positively	positively	ADV
dem-14839	70	27	related	relate	VERB
dem-14839	70	28	.	.	PUNCT
dem-14839	71	1	hadlock	hadlock	NOUN
dem-14839	71	2	and	and	CCONJ
dem-14839	71	3	james	james	PROPN
dem-14839	71	4	(	(	PUNCT
dem-14839	71	5	2002	2002	NUM
dem-14839	71	6	)	)	PUNCT
dem-14839	71	7	using	use	VERB
dem-14839	71	8	a	a	DET
dem-14839	71	9	sample	sample	NOUN
dem-14839	71	10	of	of	ADP
dem-14839	71	11	500	500	NUM
dem-14839	71	12	non	non	ADJ
dem-14839	71	13	-	-	ADJ
dem-14839	71	14	financial	financial	ADJ
dem-14839	71	15	united	united	PROPN
dem-14839	71	16	states	states	PROPN
dem-14839	71	17	firms	firm	NOUN
dem-14839	71	18	concluded	conclude	VERB
dem-14839	71	19	that	that	SCONJ
dem-14839	71	20	companies	company	NOUN
dem-14839	71	21	prefer	prefer	VERB
dem-14839	71	22	debt	debt	NOUN
dem-14839	71	23	financing	financing	NOUN
dem-14839	71	24	because	because	SCONJ
dem-14839	71	25	they	they	PRON
dem-14839	71	26	anticipate	anticipate	VERB
dem-14839	71	27	higher	high	ADJ
dem-14839	71	28	returns	return	NOUN
dem-14839	71	29	from	from	ADP
dem-14839	71	30	a	a	DET
dem-14839	71	31	higher	high	ADJ
dem-14839	71	32	debt	debt	NOUN
dem-14839	71	33	level	level	NOUN
dem-14839	71	34	.	.	PUNCT
dem-14839	72	1	fama	fama	NOUN
dem-14839	72	2	(	(	PUNCT
dem-14839	72	3	1985	1985	NUM
dem-14839	72	4	)	)	PUNCT
dem-14839	72	5	argued	argue	VERB
dem-14839	72	6	that	that	SCONJ
dem-14839	72	7	bank	bank	NOUN
dem-14839	72	8	borrowings	borrowing	NOUN
dem-14839	72	9	could	could	AUX
dem-14839	72	10	lead	lead	VERB
dem-14839	72	11	to	to	PART
dem-14839	72	12	increase	increase	VERB
dem-14839	72	13	in	in	ADP
dem-14839	72	14	company	company	NOUN
dem-14839	72	15	’s	’s	PART
dem-14839	72	16	performance	performance	NOUN
dem-14839	72	17	,	,	PUNCT
dem-14839	72	18	because	because	SCONJ
dem-14839	72	19	it	it	PRON
dem-14839	72	20	avoids	avoid	VERB
dem-14839	72	21	the	the	DET
dem-14839	72	22	high	high	ADJ
dem-14839	72	23	information	information	NOUN
dem-14839	72	24	costs	cost	NOUN
dem-14839	72	25	incurred	incur	VERB
dem-14839	72	26	in	in	ADP
dem-14839	72	27	public	public	ADJ
dem-14839	72	28	debt	debt	NOUN
dem-14839	72	29	offerings	offering	NOUN
dem-14839	72	30	through	through	ADP
dem-14839	72	31	bonds	bond	NOUN
dem-14839	72	32	issuance	issuance	NOUN
dem-14839	72	33	.	.	PUNCT
dem-14839	73	1	thus	thus	ADV
dem-14839	73	2	,	,	PUNCT
dem-14839	73	3	companies	company	NOUN
dem-14839	73	4	relying	rely	VERB
dem-14839	73	5	more	more	ADV
dem-14839	73	6	on	on	ADP
dem-14839	73	7	bank	bank	NOUN
dem-14839	73	8	loans	loan	NOUN
dem-14839	73	9	are	be	AUX
dem-14839	73	10	expected	expect	VERB
dem-14839	73	11	to	to	PART
dem-14839	73	12	be	be	AUX
dem-14839	73	13	more	more	ADV
dem-14839	73	14	profitable	profitable	ADJ
dem-14839	73	15	.	.	PUNCT
dem-14839	74	1	the	the	DET
dem-14839	74	2	pecking	pecking	NOUN
dem-14839	74	3	order	order	NOUN
dem-14839	74	4	theory	theory	NOUN
dem-14839	74	5	(	(	PUNCT
dem-14839	74	6	donaldson	donaldson	PROPN
dem-14839	74	7	,	,	PUNCT
dem-14839	74	8	1961	1961	NUM
dem-14839	74	9	;	;	PUNCT
dem-14839	74	10	ross	ross	PROPN
dem-14839	74	11	,	,	PUNCT
dem-14839	74	12	1977	1977	NUM
dem-14839	74	13	;	;	PUNCT
dem-14839	74	14	myers	myer	NOUN
dem-14839	74	15	and	and	CCONJ
dem-14839	74	16	majluf	majluf	NOUN
dem-14839	74	17	,	,	PUNCT
dem-14839	74	18	1984	1984	NUM
dem-14839	74	19	)	)	PUNCT
dem-14839	74	20	proposes	propose	VERB
dem-14839	74	21	a	a	DET
dem-14839	74	22	negative	negative	ADJ
dem-14839	74	23	relationship	relationship	NOUN
dem-14839	74	24	,	,	PUNCT
dem-14839	74	25	because	because	SCONJ
dem-14839	74	26	companies	company	NOUN
dem-14839	74	27	prefer	prefer	VERB
dem-14839	74	28	to	to	PART
dem-14839	74	29	finance	finance	VERB
dem-14839	74	30	with	with	ADP
dem-14839	74	31	internal	internal	ADJ
dem-14839	74	32	funds	fund	NOUN
dem-14839	74	33	rather	rather	ADV
dem-14839	74	34	than	than	ADP
dem-14839	74	35	debt	debt	NOUN
dem-14839	74	36	ones	one	NOUN
dem-14839	74	37	.	.	PUNCT
dem-14839	75	1	a	a	DET
dem-14839	75	2	negative	negative	ADJ
dem-14839	75	3	relationship	relationship	NOUN
dem-14839	75	4	between	between	ADP
dem-14839	75	5	capital	capital	NOUN
dem-14839	75	6	structure	structure	NOUN
dem-14839	75	7	and	and	CCONJ
dem-14839	75	8	corporate	corporate	ADJ
dem-14839	75	9	performance	performance	NOUN
dem-14839	75	10	(	(	PUNCT
dem-14839	75	11	profitability	profitability	NOUN
dem-14839	75	12	)	)	PUNCT
dem-14839	75	13	was	be	AUX
dem-14839	75	14	also	also	ADV
dem-14839	75	15	found	find	VERB
dem-14839	75	16	by	by	ADP
dem-14839	75	17	kester	kester	PROPN
dem-14839	75	18	(	(	PUNCT
dem-14839	75	19	1986	1986	NUM
dem-14839	75	20	)	)	PUNCT
dem-14839	75	21	,	,	PUNCT
dem-14839	75	22	rajan	rajan	PROPN
dem-14839	75	23	and	and	CCONJ
dem-14839	75	24	zingales	zingales	PROPN
dem-14839	75	25	(	(	PUNCT
dem-14839	75	26	1995	1995	NUM
dem-14839	75	27	)	)	PUNCT
dem-14839	75	28	wiwattanakantang	wiwattanakantang	PROPN
dem-14839	75	29	(	(	PUNCT
dem-14839	75	30	1999	1999	NUM
dem-14839	75	31	)	)	PUNCT
dem-14839	75	32	and	and	CCONJ
dem-14839	75	33	chen	chen	PROPN
dem-14839	75	34	,	,	PUNCT
dem-14839	75	35	strange	strange	ADJ
dem-14839	75	36	(	(	PUNCT
dem-14839	75	37	2005	2005	NUM
dem-14839	75	38	)	)	PUNCT
dem-14839	75	39	.	.	PUNCT
dem-14839	76	1	the	the	DET
dem-14839	76	2	assumptions	assumption	NOUN
dem-14839	76	3	of	of	ADP
dem-14839	76	4	trade	trade	NOUN
dem-14839	76	5	-	-	PUNCT
dem-14839	76	6	off	off	ADP
dem-14839	76	7	theory	theory	NOUN
dem-14839	76	8	and	and	CCONJ
dem-14839	76	9	pecking	pecking	NOUN
dem-14839	76	10	order	order	NOUN
dem-14839	76	11	theory	theory	NOUN
dem-14839	76	12	are	be	AUX
dem-14839	76	13	often	often	ADV
dem-14839	76	14	used	use	VERB
dem-14839	76	15	to	to	PART
dem-14839	76	16	explain	explain	VERB
dem-14839	76	17	the	the	DET
dem-14839	76	18	factors	factor	NOUN
dem-14839	76	19	that	that	PRON
dem-14839	76	20	determine	determine	VERB
dem-14839	76	21	the	the	DET
dem-14839	76	22	capital	capital	NOUN
dem-14839	76	23	structure	structure	NOUN
dem-14839	76	24	.	.	PUNCT
dem-14839	77	1	these	these	DET
dem-14839	77	2	factors	factor	NOUN
dem-14839	77	3	also	also	ADV
dem-14839	77	4	could	could	AUX
dem-14839	77	5	be	be	AUX
dem-14839	77	6	used	use	VERB
dem-14839	77	7	to	to	PART
dem-14839	77	8	describe	describe	VERB
dem-14839	77	9	the	the	DET
dem-14839	77	10	corporate	corporate	ADJ
dem-14839	77	11	performance	performance	NOUN
dem-14839	77	12	.	.	PUNCT
dem-14839	78	1	among	among	ADP
dem-14839	78	2	these	these	DET
dem-14839	78	3	factors	factor	NOUN
dem-14839	78	4	the	the	DET
dem-14839	78	5	most	most	ADV
dem-14839	78	6	frequently	frequently	ADV
dem-14839	78	7	mentioned	mention	VERB
dem-14839	78	8	are	be	AUX
dem-14839	78	9	:	:	PUNCT
dem-14839	78	10	size	size	NOUN
dem-14839	78	11	of	of	ADP
dem-14839	78	12	the	the	DET
dem-14839	78	13	firm	firm	NOUN
dem-14839	78	14	,	,	PUNCT
dem-14839	78	15	company	company	NOUN
dem-14839	78	16	’s	’s	PART
dem-14839	78	17	tangibility	tangibility	NOUN
dem-14839	78	18	(	(	PUNCT
dem-14839	78	19	asset	asset	NOUN
dem-14839	78	20	structure	structure	NOUN
dem-14839	78	21	)	)	PUNCT
dem-14839	78	22	,	,	PUNCT
dem-14839	78	23	growth	growth	NOUN
dem-14839	78	24	opportunities	opportunity	NOUN
dem-14839	78	25	(	(	PUNCT
dem-14839	78	26	e.g.	e.g.	ADV
dem-14839	78	27	margaritis	margaritis	ADJ
dem-14839	78	28	and	and	CCONJ
dem-14839	78	29	psilaki	psilaki	NOUN
dem-14839	78	30	,	,	PUNCT
dem-14839	78	31	2010	2010	NUM
dem-14839	78	32	;	;	PUNCT
dem-14839	78	33	banerje	banerje	NOUN
dem-14839	78	34	and	and	CCONJ
dem-14839	78	35	de	de	ADP
dem-14839	78	36	,	,	PUNCT
dem-14839	78	37	2014	2014	NUM
dem-14839	78	38	;	;	PUNCT
dem-14839	78	39	yinusa	yinusa	NOUN
dem-14839	78	40	,	,	PUNCT
dem-14839	78	41	et	et	PROPN
dem-14839	78	42	al	al	PROPN
dem-14839	78	43	.	.	PROPN
dem-14839	78	44	,	,	PUNCT
dem-14839	78	45	2016	2016	NUM
dem-14839	78	46	)	)	PUNCT
dem-14839	78	47	.	.	PUNCT
dem-14839	79	1	a	a	DET
dem-14839	79	2	company	company	NOUN
dem-14839	79	3	’s	’s	PART
dem-14839	79	4	profit	profit	NOUN
dem-14839	79	5	is	be	AUX
dem-14839	79	6	in	in	ADP
dem-14839	79	7	line	line	NOUN
dem-14839	79	8	with	with	ADP
dem-14839	79	9	its	its	PRON
dem-14839	79	10	sales	sale	NOUN
dem-14839	79	11	turnover	turnover	NOUN
dem-14839	79	12	.	.	PUNCT
dem-14839	80	1	this	this	PRON
dem-14839	80	2	is	be	AUX
dem-14839	80	3	why	why	SCONJ
dem-14839	80	4	it	it	PRON
dem-14839	80	5	could	could	AUX
dem-14839	80	6	be	be	AUX
dem-14839	80	7	said	say	VERB
dem-14839	80	8	that	that	SCONJ
dem-14839	80	9	if	if	SCONJ
dem-14839	80	10	a	a	DET
dem-14839	80	11	company	company	NOUN
dem-14839	80	12	’s	’s	PART
dem-14839	80	13	sales	sale	NOUN
dem-14839	80	14	increases	increase	NOUN
dem-14839	80	15	,	,	PUNCT
dem-14839	80	16	there	there	PRON
dem-14839	80	17	is	be	VERB
dem-14839	80	18	a	a	DET
dem-14839	80	19	probability	probability	NOUN
dem-14839	80	20	that	that	SCONJ
dem-14839	80	21	its	its	PRON
dem-14839	80	22	profit	profit	NOUN
dem-14839	80	23	will	will	AUX
dem-14839	80	24	increase	increase	VERB
dem-14839	80	25	.	.	PUNCT
dem-14839	81	1	wagner	wagner	PROPN
dem-14839	81	2	(	(	PUNCT
dem-14839	81	3	1995	1995	NUM
dem-14839	81	4	)	)	PUNCT
dem-14839	81	5	argues	argue	VERB
dem-14839	81	6	that	that	SCONJ
dem-14839	81	7	large	large	ADJ
dem-14839	81	8	companies	company	NOUN
dem-14839	81	9	leads	lead	VERB
dem-14839	81	10	to	to	PART
dem-14839	81	11	scale	scale	VERB
dem-14839	81	12	expansion	expansion	NOUN
dem-14839	81	13	.	.	PUNCT
dem-14839	82	1	as	as	ADP
dem-14839	82	2	a	a	DET
dem-14839	82	3	result	result	NOUN
dem-14839	82	4	of	of	ADP
dem-14839	82	5	such	such	ADJ
dem-14839	82	6	expansion	expansion	NOUN
dem-14839	82	7	,	,	PUNCT
dem-14839	82	8	a	a	DET
dem-14839	82	9	company	company	NOUN
dem-14839	82	10	becomes	become	VERB
dem-14839	82	11	more	more	ADV
dem-14839	82	12	profitable	profitable	ADJ
dem-14839	82	13	.	.	PUNCT
dem-14839	83	1	further	further	ADJ
dem-14839	83	2	research	research	NOUN
dem-14839	83	3	(	(	PUNCT
dem-14839	83	4	harvey	harvey	NOUN
dem-14839	83	5	et	et	PROPN
dem-14839	83	6	al	al	PROPN
dem-14839	83	7	.	.	PROPN
dem-14839	83	8	,	,	PUNCT
dem-14839	83	9	2001	2001	NUM
dem-14839	83	10	)	)	PUNCT
dem-14839	83	11	showed	show	VERB
dem-14839	83	12	that	that	PRON
dem-14839	83	13	firm	firm	ADJ
dem-14839	83	14	size	size	NOUN
dem-14839	83	15	is	be	AUX
dem-14839	83	16	significantly	significantly	ADV
dem-14839	83	17	and	and	CCONJ
dem-14839	83	18	nonlinearly	nonlinearly	ADV
dem-14839	83	19	related	relate	VERB
dem-14839	83	20	to	to	ADP
dem-14839	83	21	profitability	profitability	NOUN
dem-14839	83	22	.	.	PUNCT
dem-14839	84	1	it	it	PRON
dem-14839	84	2	suggests	suggest	VERB
dem-14839	84	3	that	that	SCONJ
dem-14839	84	4	although	although	SCONJ
dem-14839	84	5	bigger	big	ADJ
dem-14839	84	6	companies	company	NOUN
dem-14839	84	7	are	be	AUX
dem-14839	84	8	likely	likely	ADJ
dem-14839	84	9	to	to	PART
dem-14839	84	10	experience	experience	VERB
dem-14839	84	11	higher	high	ADJ
dem-14839	84	12	profitability	profitability	NOUN
dem-14839	84	13	,	,	PUNCT
dem-14839	84	14	revenue	revenue	NOUN
dem-14839	84	15	growth	growth	NOUN
dem-14839	84	16	is	be	AUX
dem-14839	84	17	likely	likely	ADJ
dem-14839	84	18	to	to	PART
dem-14839	84	19	slow	slow	VERB
dem-14839	84	20	faster	fast	ADV
dem-14839	84	21	in	in	ADP
dem-14839	84	22	larger	large	ADJ
dem-14839	84	23	firms	firm	NOUN
dem-14839	84	24	.	.	PUNCT
dem-14839	85	1	tangibility	tangibility	NOUN
dem-14839	85	2	refers	refer	VERB
dem-14839	85	3	to	to	ADP
dem-14839	85	4	a	a	DET
dem-14839	85	5	company	company	NOUN
dem-14839	85	6	’s	’s	PART
dem-14839	85	7	investments	investment	NOUN
dem-14839	85	8	in	in	ADP
dem-14839	85	9	tangible	tangible	ADJ
dem-14839	85	10	assets	asset	NOUN
dem-14839	85	11	.	.	PUNCT
dem-14839	86	1	if	if	SCONJ
dem-14839	86	2	these	these	DET
dem-14839	86	3	investments	investment	NOUN
dem-14839	86	4	are	be	AUX
dem-14839	86	5	effective	effective	ADJ
dem-14839	86	6	,	,	PUNCT
dem-14839	86	7	the	the	DET
dem-14839	86	8	company	company	NOUN
dem-14839	86	9	’s	’s	PART
dem-14839	86	10	performance	performance	NOUN
dem-14839	86	11	improves	improve	VERB
dem-14839	86	12	.	.	PUNCT
dem-14839	87	1	ghosh	ghosh	PROPN
dem-14839	87	2	(	(	PUNCT
dem-14839	87	3	2008	2008	NUM
dem-14839	87	4	)	)	PUNCT
dem-14839	87	5	found	find	VERB
dem-14839	87	6	that	that	SCONJ
dem-14839	87	7	the	the	DET
dem-14839	87	8	greater	great	ADJ
dem-14839	87	9	asset	asset	NOUN
dem-14839	87	10	tangibility	tangibility	NOUN
dem-14839	87	11	,	,	PUNCT
dem-14839	87	12	the	the	PRON
dem-14839	87	13	lower	low	ADJ
dem-14839	87	14	the	the	DET
dem-14839	87	15	scope	scope	NOUN
dem-14839	87	16	for	for	ADP
dem-14839	87	17	informational	informational	ADJ
dem-14839	87	18	asymmetries	asymmetry	NOUN
dem-14839	87	19	between	between	ADP
dem-14839	87	20	insiders	insider	NOUN
dem-14839	87	21	and	and	CCONJ
dem-14839	87	22	outsiders	outsider	NOUN
dem-14839	87	23	.	.	PUNCT
dem-14839	88	1	it	it	PRON
dem-14839	88	2	allows	allow	VERB
dem-14839	88	3	for	for	ADP
dem-14839	88	4	higher	high	ADJ
dem-14839	88	5	leverage	leverage	NOUN
dem-14839	88	6	with	with	ADP
dem-14839	88	7	a	a	DET
dem-14839	88	8	concomitant	concomitant	ADJ
dem-14839	88	9	positive	positive	ADJ
dem-14839	88	10	effect	effect	NOUN
dem-14839	88	11	on	on	ADP
dem-14839	88	12	profitability	profitability	NOUN
dem-14839	88	13	.	.	PUNCT
dem-14839	89	1	this	this	DET
dem-14839	89	2	relationship	relationship	NOUN
dem-14839	89	3	determinants	determinant	NOUN
dem-14839	89	4	of	of	ADP
dem-14839	89	5	corporate	corporate	ADJ
dem-14839	89	6	performance	performance	NOUN
dem-14839	89	7	:	:	PUNCT
dem-14839	89	8	modelling	model	VERB
dem-14839	89	9	approach	approach	NOUN
dem-14839	89	10	dynamic	dynamic	ADJ
dem-14839	89	11	econometric	econometric	ADJ
dem-14839	89	12	models	model	NOUN
dem-14839	89	13	17	17	NUM
dem-14839	89	14	(	(	PUNCT
dem-14839	89	15	2017	2017	NUM
dem-14839	89	16	)	)	PUNCT
dem-14839	89	17	115–127	115–127	NUM
dem-14839	89	18	119	119	NUM
dem-14839	89	19	is	be	AUX
dem-14839	89	20	u	u	NOUN
dem-14839	89	21	-	-	VERB
dem-14839	89	22	shaped	shaped	ADJ
dem-14839	89	23	.	.	PUNCT
dem-14839	90	1	it	it	PRON
dem-14839	90	2	suggests	suggest	VERB
dem-14839	90	3	that	that	SCONJ
dem-14839	90	4	greater	great	ADJ
dem-14839	90	5	increases	increase	NOUN
dem-14839	90	6	in	in	ADP
dem-14839	90	7	tangibility	tangibility	NOUN
dem-14839	90	8	exerts	exert	VERB
dem-14839	90	9	a	a	DET
dem-14839	90	10	positive	positive	ADJ
dem-14839	90	11	effect	effect	NOUN
dem-14839	90	12	on	on	ADP
dem-14839	90	13	profits	profit	NOUN
dem-14839	90	14	,	,	PUNCT
dem-14839	90	15	what	what	PRON
dem-14839	90	16	is	be	AUX
dem-14839	90	17	in	in	ADP
dem-14839	90	18	line	line	NOUN
dem-14839	90	19	with	with	ADP
dem-14839	90	20	trade	trade	NOUN
dem-14839	90	21	-	-	PUNCT
dem-14839	90	22	off	off	ADP
dem-14839	90	23	theory	theory	NOUN
dem-14839	90	24	.	.	PUNCT
dem-14839	91	1	in	in	ADP
dem-14839	91	2	turn	turn	NOUN
dem-14839	91	3	,	,	PUNCT
dem-14839	91	4	in	in	ADP
dem-14839	91	5	line	line	NOUN
dem-14839	91	6	with	with	ADP
dem-14839	91	7	pecking	pecking	NOUN
dem-14839	91	8	order	order	NOUN
dem-14839	91	9	theory	theory	NOUN
dem-14839	91	10	there	there	PRON
dem-14839	91	11	is	be	VERB
dem-14839	91	12	a	a	DET
dem-14839	91	13	negative	negative	ADJ
dem-14839	91	14	relationship	relationship	NOUN
dem-14839	91	15	between	between	ADP
dem-14839	91	16	tangibility	tangibility	NOUN
dem-14839	91	17	and	and	CCONJ
dem-14839	91	18	company	company	NOUN
dem-14839	91	19	’s	’s	PART
dem-14839	91	20	performance	performance	NOUN
dem-14839	91	21	.	.	PUNCT
dem-14839	92	1	high	high	ADJ
dem-14839	92	2	profits	profit	NOUN
dem-14839	92	3	motivate	motivate	VERB
dem-14839	92	4	companies	company	NOUN
dem-14839	92	5	to	to	PART
dem-14839	92	6	accumulate	accumulate	VERB
dem-14839	92	7	surpluses	surplus	NOUN
dem-14839	92	8	.	.	PUNCT
dem-14839	93	1	they	they	PRON
dem-14839	93	2	are	be	AUX
dem-14839	93	3	invested	invest	VERB
dem-14839	93	4	in	in	ADP
dem-14839	93	5	short	short	ADJ
dem-14839	93	6	-	-	PUNCT
dem-14839	93	7	term	term	NOUN
dem-14839	93	8	securities	security	NOUN
dem-14839	93	9	.	.	PUNCT
dem-14839	94	1	these	these	DET
dem-14839	94	2	funds	fund	NOUN
dem-14839	94	3	can	can	AUX
dem-14839	94	4	be	be	AUX
dem-14839	94	5	spent	spend	VERB
dem-14839	94	6	to	to	PART
dem-14839	94	7	fund	fund	VERB
dem-14839	94	8	the	the	DET
dem-14839	94	9	investment	investment	NOUN
dem-14839	94	10	.	.	PUNCT
dem-14839	95	1	in	in	ADP
dem-14839	95	2	such	such	DET
dem-14839	95	3	a	a	DET
dem-14839	95	4	situation	situation	NOUN
dem-14839	95	5	,	,	PUNCT
dem-14839	95	6	the	the	DET
dem-14839	95	7	company	company	NOUN
dem-14839	95	8	does	do	AUX
dem-14839	95	9	not	not	PART
dem-14839	95	10	need	need	VERB
dem-14839	95	11	to	to	PART
dem-14839	95	12	have	have	VERB
dem-14839	95	13	large	large	ADJ
dem-14839	95	14	amounts	amount	NOUN
dem-14839	95	15	assets	asset	NOUN
dem-14839	95	16	in	in	ADP
dem-14839	95	17	the	the	DET
dem-14839	95	18	form	form	NOUN
dem-14839	95	19	of	of	ADP
dem-14839	95	20	collateral	collateral	NOUN
dem-14839	95	21	,	,	PUNCT
dem-14839	95	22	as	as	SCONJ
dem-14839	95	23	its	its	PRON
dem-14839	95	24	investments	investment	NOUN
dem-14839	95	25	are	be	AUX
dem-14839	95	26	financed	finance	VERB
dem-14839	95	27	by	by	ADP
dem-14839	95	28	cash	cash	NOUN
dem-14839	95	29	from	from	ADP
dem-14839	95	30	the	the	DET
dem-14839	95	31	sale	sale	NOUN
dem-14839	95	32	of	of	ADP
dem-14839	95	33	its	its	PRON
dem-14839	95	34	short	short	ADJ
dem-14839	95	35	-	-	PUNCT
dem-14839	95	36	term	term	NOUN
dem-14839	95	37	securities	security	NOUN
dem-14839	95	38	.	.	PUNCT
dem-14839	96	1	companies	company	NOUN
dem-14839	96	2	in	in	ADP
dem-14839	96	3	the	the	DET
dem-14839	96	4	growth	growth	NOUN
dem-14839	96	5	phase	phase	NOUN
dem-14839	96	6	have	have	VERB
dem-14839	96	7	a	a	DET
dem-14839	96	8	high	high	ADJ
dem-14839	96	9	performance	performance	NOUN
dem-14839	96	10	ratio	ratio	NOUN
dem-14839	96	11	.	.	PUNCT
dem-14839	97	1	they	they	PRON
dem-14839	97	2	are	be	AUX
dem-14839	97	3	able	able	ADJ
dem-14839	97	4	to	to	PART
dem-14839	97	5	generate	generate	VERB
dem-14839	97	6	profit	profit	NOUN
dem-14839	97	7	from	from	ADP
dem-14839	97	8	investment	investment	NOUN
dem-14839	97	9	.	.	PUNCT
dem-14839	98	1	so	so	ADV
dem-14839	98	2	,	,	PUNCT
dem-14839	98	3	growth	growth	NOUN
dem-14839	98	4	opportunities	opportunity	NOUN
dem-14839	98	5	are	be	AUX
dem-14839	98	6	expected	expect	VERB
dem-14839	98	7	to	to	PART
dem-14839	98	8	be	be	AUX
dem-14839	98	9	positively	positively	ADV
dem-14839	98	10	related	relate	VERB
dem-14839	98	11	to	to	ADP
dem-14839	98	12	a	a	DET
dem-14839	98	13	company	company	NOUN
dem-14839	98	14	’s	’s	PART
dem-14839	98	15	performance	performance	NOUN
dem-14839	98	16	.	.	PUNCT
dem-14839	99	1	literature	literature	NOUN
dem-14839	99	2	also	also	ADV
dem-14839	99	3	indicates	indicate	VERB
dem-14839	99	4	other	other	ADJ
dem-14839	99	5	factors	factor	NOUN
dem-14839	99	6	of	of	ADP
dem-14839	99	7	corporate	corporate	ADJ
dem-14839	99	8	performance	performance	NOUN
dem-14839	99	9	.	.	PUNCT
dem-14839	100	1	there	there	PRON
dem-14839	100	2	are	be	VERB
dem-14839	100	3	age	age	NOUN
dem-14839	100	4	of	of	ADP
dem-14839	100	5	the	the	DET
dem-14839	100	6	firm	firm	NOUN
dem-14839	100	7	,	,	PUNCT
dem-14839	100	8	risk	risk	NOUN
dem-14839	100	9	,	,	PUNCT
dem-14839	100	10	debt	debt	NOUN
dem-14839	100	11	service	service	NOUN
dem-14839	100	12	capacity	capacity	NOUN
dem-14839	100	13	,	,	PUNCT
dem-14839	100	14	dividend	dividend	NOUN
dem-14839	100	15	pay	pay	NOUN
dem-14839	100	16	-	-	PUNCT
dem-14839	100	17	out	out	NOUN
dem-14839	100	18	,	,	PUNCT
dem-14839	100	19	development	development	NOUN
dem-14839	100	20	expenditures	expenditure	NOUN
dem-14839	100	21	,	,	PUNCT
dem-14839	100	22	degree	degree	NOUN
dem-14839	100	23	of	of	ADP
dem-14839	100	24	operating	operate	VERB
dem-14839	100	25	leverage	leverage	NOUN
dem-14839	100	26	,	,	PUNCT
dem-14839	100	27	ownership	ownership	NOUN
dem-14839	100	28	structure	structure	NOUN
dem-14839	100	29	and	and	CCONJ
dem-14839	100	30	ownership	ownership	NOUN
dem-14839	100	31	type	type	NOUN
dem-14839	100	32	industry	industry	NOUN
dem-14839	100	33	affiliation	affiliation	NOUN
dem-14839	100	34	,	,	PUNCT
dem-14839	100	35	macro	macro	ADJ
dem-14839	100	36	factors	factor	NOUN
dem-14839	100	37	(	(	PUNCT
dem-14839	100	38	e.g.	e.g.	ADV
dem-14839	100	39	bandyopadhyay	bandyopadhyay	NOUN
dem-14839	100	40	and	and	CCONJ
dem-14839	100	41	barua	barua	PROPN
dem-14839	100	42	,	,	PUNCT
dem-14839	100	43	2016	2016	NUM
dem-14839	100	44	;	;	PUNCT
dem-14839	100	45	margaritis	margaritis	ADJ
dem-14839	100	46	and	and	CCONJ
dem-14839	100	47	psillaki	psillaki	PROPN
dem-14839	100	48	,	,	PUNCT
dem-14839	100	49	2010	2010	NUM
dem-14839	100	50	;	;	PUNCT
dem-14839	100	51	banerje	banerje	NOUN
dem-14839	100	52	and	and	CCONJ
dem-14839	100	53	de	de	ADP
dem-14839	100	54	,	,	PUNCT
dem-14839	100	55	2014	2014	NUM
dem-14839	100	56	;	;	PUNCT
dem-14839	100	57	zeitun	zeitun	NOUN
dem-14839	100	58	and	and	CCONJ
dem-14839	100	59	tian	tian	ADJ
dem-14839	100	60	,	,	PUNCT
dem-14839	100	61	2007	2007	NUM
dem-14839	100	62	)	)	PUNCT
dem-14839	100	63	.	.	PUNCT
dem-14839	101	1	3	3	X
dem-14839	101	2	.	.	X
dem-14839	101	3	dataset	dataset	NOUN
dem-14839	101	4	and	and	CCONJ
dem-14839	101	5	methodology	methodology	NOUN
dem-14839	101	6	the	the	DET
dem-14839	101	7	object	object	NOUN
dem-14839	101	8	of	of	ADP
dem-14839	101	9	analysis	analysis	NOUN
dem-14839	101	10	are	be	AUX
dem-14839	101	11	companies	company	NOUN
dem-14839	101	12	continuously	continuously	ADV
dem-14839	101	13	listed	list	VERB
dem-14839	101	14	on	on	ADP
dem-14839	101	15	the	the	DET
dem-14839	101	16	main	main	ADJ
dem-14839	101	17	market	market	NOUN
dem-14839	101	18	of	of	ADP
dem-14839	101	19	the	the	DET
dem-14839	101	20	warsaw	warsaw	PROPN
dem-14839	101	21	stock	stock	PROPN
dem-14839	101	22	exchange	exchange	NOUN
dem-14839	101	23	in	in	ADP
dem-14839	101	24	2000–2015	2000–2015	NUM
dem-14839	101	25	.	.	PUNCT
dem-14839	102	1	there	there	PRON
dem-14839	102	2	were	be	VERB
dem-14839	102	3	117	117	NUM
dem-14839	102	4	companies	company	NOUN
dem-14839	102	5	,	,	PUNCT
dem-14839	102	6	including	include	VERB
dem-14839	102	7	6	6	NUM
dem-14839	102	8	from	from	ADP
dem-14839	102	9	the	the	DET
dem-14839	102	10	sub	sub	NOUN
dem-14839	102	11	-	-	NOUN
dem-14839	102	12	index	index	NOUN
dem-14839	102	13	wig-20	wig-20	NOUN
dem-14839	102	14	,	,	PUNCT
dem-14839	102	15	17	17	NUM
dem-14839	102	16	from	from	ADP
dem-14839	102	17	the	the	DET
dem-14839	102	18	sub	sub	ADJ
dem-14839	102	19	-	-	ADJ
dem-14839	102	20	index	index	NOUN
dem-14839	102	21	wig-40	wig-40	NOUN
dem-14839	102	22	,	,	PUNCT
dem-14839	102	23	22	22	NUM
dem-14839	102	24	from	from	ADP
dem-14839	102	25	the	the	DET
dem-14839	102	26	sub	sub	NOUN
dem-14839	102	27	-	-	NOUN
dem-14839	102	28	index	index	NOUN
dem-14839	102	29	wig-80	wig-80	PROPN
dem-14839	102	30	and	and	CCONJ
dem-14839	102	31	72	72	NUM
dem-14839	102	32	not	not	PART
dem-14839	102	33	included	include	VERB
dem-14839	102	34	in	in	ADP
dem-14839	102	35	any	any	PRON
dem-14839	102	36	of	of	ADP
dem-14839	102	37	them	they	PRON
dem-14839	102	38	.	.	PUNCT
dem-14839	103	1	the	the	DET
dem-14839	103	2	affiliation	affiliation	NOUN
dem-14839	103	3	of	of	ADP
dem-14839	103	4	a	a	DET
dem-14839	103	5	company	company	NOUN
dem-14839	103	6	to	to	ADP
dem-14839	103	7	a	a	DET
dem-14839	103	8	given	give	VERB
dem-14839	103	9	sub	sub	NOUN
dem-14839	103	10	-	-	NOUN
dem-14839	103	11	index	index	NOUN
dem-14839	103	12	was	be	AUX
dem-14839	103	13	determined	determine	VERB
dem-14839	103	14	by	by	ADP
dem-14839	103	15	its	its	PRON
dem-14839	103	16	composition	composition	NOUN
dem-14839	103	17	at	at	ADP
dem-14839	103	18	the	the	DET
dem-14839	103	19	end	end	NOUN
dem-14839	103	20	of	of	ADP
dem-14839	103	21	december	december	PROPN
dem-14839	103	22	2015	2015	NUM
dem-14839	103	23	.	.	PUNCT
dem-14839	104	1	in	in	ADP
dem-14839	104	2	this	this	DET
dem-14839	104	3	analysis	analysis	NOUN
dem-14839	104	4	we	we	PRON
dem-14839	104	5	omitted	omit	VERB
dem-14839	104	6	the	the	DET
dem-14839	104	7	fact	fact	NOUN
dem-14839	104	8	that	that	SCONJ
dem-14839	104	9	the	the	DET
dem-14839	104	10	company	company	NOUN
dem-14839	104	11	could	could	AUX
dem-14839	104	12	change	change	VERB
dem-14839	104	13	its	its	PRON
dem-14839	104	14	size	size	NOUN
dem-14839	104	15	during	during	ADP
dem-14839	104	16	the	the	DET
dem-14839	104	17	period	period	NOUN
dem-14839	104	18	of	of	ADP
dem-14839	104	19	the	the	DET
dem-14839	104	20	analysis	analysis	NOUN
dem-14839	104	21	.	.	PUNCT
dem-14839	105	1	of	of	ADP
dem-14839	105	2	the	the	DET
dem-14839	105	3	above	above	ADJ
dem-14839	105	4	companies	company	NOUN
dem-14839	105	5	only	only	ADV
dem-14839	105	6	entities	entity	NOUN
dem-14839	105	7	from	from	ADP
dem-14839	105	8	the	the	DET
dem-14839	105	9	non	non	ADJ
dem-14839	105	10	-	-	ADJ
dem-14839	105	11	financial	financial	ADJ
dem-14839	105	12	sector	sector	NOUN
dem-14839	105	13	were	be	AUX
dem-14839	105	14	included	include	VERB
dem-14839	105	15	into	into	ADP
dem-14839	105	16	research	research	NOUN
dem-14839	105	17	.	.	PUNCT
dem-14839	106	1	therefore	therefore	ADV
dem-14839	106	2	,	,	PUNCT
dem-14839	106	3	16	16	NUM
dem-14839	106	4	companies	company	NOUN
dem-14839	106	5	were	be	AUX
dem-14839	106	6	excluded	exclude	VERB
dem-14839	106	7	from	from	ADP
dem-14839	106	8	the	the	DET
dem-14839	106	9	sample	sample	NOUN
dem-14839	106	10	.	.	PUNCT
dem-14839	107	1	in	in	ADP
dem-14839	107	2	addition	addition	NOUN
dem-14839	107	3	,	,	PUNCT
dem-14839	107	4	entities	entity	NOUN
dem-14839	107	5	that	that	PRON
dem-14839	107	6	did	do	AUX
dem-14839	107	7	not	not	PART
dem-14839	107	8	submit	submit	VERB
dem-14839	107	9	complete	complete	ADJ
dem-14839	107	10	financial	financial	ADJ
dem-14839	107	11	statements	statement	NOUN
dem-14839	107	12	were	be	AUX
dem-14839	107	13	also	also	ADV
dem-14839	107	14	rejected	reject	VERB
dem-14839	107	15	,	,	PUNCT
dem-14839	107	16	i.e.	i.e.	X
dem-14839	107	17	11	11	NUM
dem-14839	107	18	companies	company	NOUN
dem-14839	107	19	.	.	PUNCT
dem-14839	108	1	finally	finally	ADV
dem-14839	108	2	,	,	PUNCT
dem-14839	108	3	90	90	NUM
dem-14839	108	4	companies	company	NOUN
dem-14839	108	5	were	be	AUX
dem-14839	108	6	qualified	qualified	ADJ
dem-14839	108	7	for	for	ADP
dem-14839	108	8	the	the	DET
dem-14839	108	9	study	study	NOUN
dem-14839	108	10	,	,	PUNCT
dem-14839	108	11	i.e.	i.e.	X
dem-14839	108	12	77	77	NUM
dem-14839	108	13	%	%	NOUN
dem-14839	108	14	of	of	ADP
dem-14839	108	15	the	the	DET
dem-14839	108	16	pre	pre	ADJ
dem-14839	108	17	-	-	ADJ
dem-14839	108	18	selected	select	VERB
dem-14839	108	19	entities	entity	NOUN
dem-14839	108	20	and	and	CCONJ
dem-14839	108	21	the	the	DET
dem-14839	108	22	balanced	balanced	ADJ
dem-14839	108	23	panel	panel	NOUN
dem-14839	108	24	was	be	AUX
dem-14839	108	25	created	create	VERB
dem-14839	108	26	.	.	PUNCT
dem-14839	109	1	in	in	ADP
dem-14839	109	2	this	this	DET
dem-14839	109	3	study	study	NOUN
dem-14839	109	4	we	we	PRON
dem-14839	109	5	used	use	VERB
dem-14839	109	6	four	four	NUM
dem-14839	109	7	variables	variable	NOUN
dem-14839	109	8	:	:	PUNCT
dem-14839	109	9	growth	growth	NOUN
dem-14839	109	10	opportunities	opportunity	NOUN
dem-14839	109	11	,	,	PUNCT
dem-14839	109	12	firm	firm	NOUN
dem-14839	109	13	’s	’s	PART
dem-14839	109	14	size	size	NOUN
dem-14839	109	15	and	and	CCONJ
dem-14839	109	16	tangibility	tangibility	NOUN
dem-14839	109	17	(	(	PUNCT
dem-14839	109	18	asset	asset	NOUN
dem-14839	109	19	structure	structure	NOUN
dem-14839	109	20	)	)	PUNCT
dem-14839	109	21	as	as	ADP
dem-14839	109	22	determinants	determinant	NOUN
dem-14839	109	23	of	of	ADP
dem-14839	109	24	corporate	corporate	ADJ
dem-14839	109	25	performance	performance	NOUN
dem-14839	109	26	.	.	PUNCT
dem-14839	110	1	capital	capital	NOUN
dem-14839	110	2	structure	structure	NOUN
dem-14839	110	3	is	be	AUX
dem-14839	110	4	measured	measure	VERB
dem-14839	110	5	by	by	ADP
dem-14839	110	6	total	total	ADJ
dem-14839	110	7	debt	debt	NOUN
dem-14839	110	8	ratio	ratio	NOUN
dem-14839	110	9	to	to	ADP
dem-14839	110	10	total	total	ADJ
dem-14839	110	11	assets	asset	NOUN
dem-14839	110	12	(	(	PUNCT
dem-14839	110	13	leverage	leverage	NOUN
dem-14839	110	14	)	)	PUNCT
dem-14839	110	15	.	.	PUNCT
dem-14839	111	1	growth	growth	NOUN
dem-14839	111	2	opportunities	opportunity	NOUN
dem-14839	111	3	are	be	AUX
dem-14839	111	4	represented	represent	VERB
dem-14839	111	5	by	by	ADP
dem-14839	111	6	growth	growth	NOUN
dem-14839	111	7	of	of	ADP
dem-14839	111	8	sales	sale	NOUN
dem-14839	111	9	(	(	PUNCT
dem-14839	111	10	growth	growth	NOUN
dem-14839	111	11	)	)	PUNCT
dem-14839	111	12	.	.	PUNCT
dem-14839	112	1	the	the	DET
dem-14839	112	2	size	size	NOUN
dem-14839	112	3	is	be	AUX
dem-14839	112	4	measured	measure	VERB
dem-14839	112	5	by	by	ADP
dem-14839	112	6	the	the	DET
dem-14839	112	7	growth	growth	NOUN
dem-14839	112	8	of	of	ADP
dem-14839	112	9	company	company	NOUN
dem-14839	112	10	's	's	PART
dem-14839	112	11	total	total	ADJ
dem-14839	112	12	assets	asset	NOUN
dem-14839	112	13	.	.	PUNCT
dem-14839	113	1	asset	asset	NOUN
dem-14839	113	2	structure	structure	NOUN
dem-14839	113	3	is	be	AUX
dem-14839	113	4	measured	measure	VERB
dem-14839	113	5	by	by	ADP
dem-14839	113	6	assets	asset	NOUN
dem-14839	113	7	tangibility	tangibility	NOUN
dem-14839	113	8	(	(	PUNCT
dem-14839	113	9	tang	tang	PROPN
dem-14839	113	10	)	)	PUNCT
dem-14839	113	11	,	,	PUNCT
dem-14839	113	12	i.e.	i.e.	X
dem-14839	113	13	the	the	DET
dem-14839	113	14	ratio	ratio	NOUN
dem-14839	113	15	of	of	ADP
dem-14839	113	16	ewa	ewa	PROPN
dem-14839	113	17	majerowska	majerowska	PROPN
dem-14839	113	18	,	,	PUNCT
dem-14839	113	19	magdalena	magdalena	PROPN
dem-14839	113	20	gostkowska	gostkowska	PROPN
dem-14839	113	21	-	-	PUNCT
dem-14839	113	22	drzewicka	drzewicka	NOUN
dem-14839	113	23	dynamic	dynamic	ADJ
dem-14839	113	24	econometric	econometric	ADJ
dem-14839	113	25	models	model	NOUN
dem-14839	113	26	17	17	NUM
dem-14839	113	27	(	(	PUNCT
dem-14839	113	28	2017	2017	NUM
dem-14839	113	29	)	)	PUNCT
dem-14839	113	30	115–127	115–127	NUM
dem-14839	113	31	120	120	NUM
dem-14839	113	32	fixed	fix	VERB
dem-14839	113	33	assets	asset	NOUN
dem-14839	113	34	to	to	ADP
dem-14839	113	35	total	total	ADJ
dem-14839	113	36	assets	asset	NOUN
dem-14839	113	37	.	.	PUNCT
dem-14839	114	1	as	as	ADP
dem-14839	114	2	a	a	DET
dem-14839	114	3	corporate	corporate	ADJ
dem-14839	114	4	performance	performance	NOUN
dem-14839	114	5	measures	measure	NOUN
dem-14839	114	6	we	we	PRON
dem-14839	114	7	used	use	VERB
dem-14839	114	8	return	return	NOUN
dem-14839	114	9	on	on	ADP
dem-14839	114	10	assets	asset	NOUN
dem-14839	114	11	(	(	PUNCT
dem-14839	114	12	roa	roa	NOUN
dem-14839	114	13	)	)	PUNCT
dem-14839	114	14	and	and	CCONJ
dem-14839	114	15	return	return	VERB
dem-14839	114	16	on	on	ADP
dem-14839	114	17	equity	equity	NOUN
dem-14839	114	18	(	(	PUNCT
dem-14839	114	19	roe	roe	PROPN
dem-14839	114	20	)	)	PUNCT
dem-14839	114	21	.	.	PUNCT
dem-14839	115	1	as	as	SCONJ
dem-14839	115	2	it	it	PRON
dem-14839	115	3	was	be	AUX
dem-14839	115	4	mentioned	mention	VERB
dem-14839	115	5	,	,	PUNCT
dem-14839	115	6	in	in	ADP
dem-14839	115	7	the	the	DET
dem-14839	115	8	literature	literature	NOUN
dem-14839	115	9	there	there	PRON
dem-14839	115	10	are	be	VERB
dem-14839	115	11	more	more	ADJ
dem-14839	115	12	factors	factor	NOUN
dem-14839	115	13	that	that	PRON
dem-14839	115	14	could	could	AUX
dem-14839	115	15	influence	influence	VERB
dem-14839	115	16	the	the	DET
dem-14839	115	17	corporate	corporate	ADJ
dem-14839	115	18	performance	performance	NOUN
dem-14839	115	19	.	.	PUNCT
dem-14839	116	1	due	due	ADP
dem-14839	116	2	to	to	ADP
dem-14839	116	3	the	the	DET
dem-14839	116	4	scope	scope	NOUN
dem-14839	116	5	of	of	ADP
dem-14839	116	6	this	this	DET
dem-14839	116	7	research	research	NOUN
dem-14839	116	8	only	only	ADV
dem-14839	116	9	four	four	NUM
dem-14839	116	10	factors	factor	NOUN
dem-14839	116	11	out	out	ADP
dem-14839	116	12	of	of	ADP
dem-14839	116	13	all	all	PRON
dem-14839	116	14	was	be	AUX
dem-14839	116	15	taken	take	VERB
dem-14839	116	16	into	into	ADP
dem-14839	116	17	account	account	NOUN
dem-14839	116	18	.	.	PUNCT
dem-14839	117	1	the	the	DET
dem-14839	117	2	selected	select	VERB
dem-14839	117	3	factors	factor	NOUN
dem-14839	117	4	are	be	AUX
dem-14839	117	5	the	the	DET
dem-14839	117	6	factors	factor	NOUN
dem-14839	117	7	of	of	ADP
dem-14839	117	8	the	the	DET
dem-14839	117	9	capital	capital	NOUN
dem-14839	117	10	structure	structure	NOUN
dem-14839	117	11	of	of	ADP
dem-14839	117	12	companies	company	NOUN
dem-14839	117	13	.	.	PUNCT
dem-14839	118	1	so	so	ADV
dem-14839	118	2	the	the	DET
dem-14839	118	3	rest	rest	NOUN
dem-14839	118	4	of	of	ADP
dem-14839	118	5	them	they	PRON
dem-14839	118	6	was	be	AUX
dem-14839	118	7	omitted	omit	VERB
dem-14839	118	8	.	.	PUNCT
dem-14839	119	1	the	the	DET
dem-14839	119	2	two	two	NUM
dem-14839	119	3	variables	variable	NOUN
dem-14839	119	4	,	,	PUNCT
dem-14839	119	5	roa	roa	PROPN
dem-14839	119	6	and	and	CCONJ
dem-14839	119	7	roe	roe	PROPN
dem-14839	119	8	are	be	AUX
dem-14839	119	9	modelled	model	VERB
dem-14839	119	10	using	use	VERB
dem-14839	119	11	the	the	DET
dem-14839	119	12	panel	panel	NOUN
dem-14839	119	13	data	datum	NOUN
dem-14839	119	14	approach	approach	NOUN
dem-14839	119	15	.	.	PUNCT
dem-14839	120	1	the	the	DET
dem-14839	120	2	proposed	propose	VERB
dem-14839	120	3	model	model	NOUN
dem-14839	120	4	takes	take	VERB
dem-14839	120	5	a	a	DET
dem-14839	120	6	form	form	NOUN
dem-14839	120	7	:	:	PUNCT
dem-14839	120	8	ititit	ititit	PROPN
dem-14839	120	9	titit	titit	PROPN
dem-14839	120	10	tangsize	tangsize	VERB
dem-14839	120	11	growthleveragey	growthleveragey	ADJ
dem-14839	120	12			NUM
dem-14839	120	13			NOUN
dem-14839	120	14			ADV
dem-14839	120	15			VERB
dem-14839	120	16	43	43	NUM
dem-14839	120	17	210	210	NUM
dem-14839	120	18	(	(	PUNCT
dem-14839	120	19	1	1	NUM
dem-14839	120	20	)	)	PUNCT
dem-14839	120	21	where	where	SCONJ
dem-14839	120	22	ity	ity	PROPN
dem-14839	120	23	is	be	AUX
dem-14839	120	24	the	the	DET
dem-14839	120	25	explained	explain	VERB
dem-14839	120	26	variable	variable	NOUN
dem-14839	120	27	,	,	PUNCT
dem-14839	120	28	represented	represent	VERB
dem-14839	120	29	by	by	ADP
dem-14839	120	30	the	the	DET
dem-14839	120	31	roa	roa	NOUN
dem-14839	120	32	or	or	CCONJ
dem-14839	120	33	roe	roe	PROPN
dem-14839	120	34	of	of	ADP
dem-14839	120	35	i’th	i’th	PROPN
dem-14839	120	36	company	company	NOUN
dem-14839	120	37	in	in	ADP
dem-14839	120	38	time	time	NOUN
dem-14839	120	39	t	t	PROPN
dem-14839	120	40	,	,	PUNCT
dem-14839	120	41	43210	43210	NUM
dem-14839	120	42	,	,	PUNCT
dem-14839	120	43	,	,	PUNCT
dem-14839	120	44	,	,	PUNCT
dem-14839	120	45	,	,	PUNCT
dem-14839	120	46			X
dem-14839	120	47	are	be	AUX
dem-14839	120	48	the	the	DET
dem-14839	120	49	structural	structural	ADJ
dem-14839	120	50	parameters	parameter	NOUN
dem-14839	120	51	and	and	CCONJ
dem-14839	120	52	the	the	DET
dem-14839	120	53	it	it	NUM
dem-14839	120	54	is	be	AUX
dem-14839	120	55	the	the	DET
dem-14839	120	56	error	error	NOUN
dem-14839	120	57	term	term	NOUN
dem-14839	120	58	.	.	PUNCT
dem-14839	121	1	the	the	DET
dem-14839	121	2	model	model	NOUN
dem-14839	121	3	will	will	AUX
dem-14839	121	4	be	be	AUX
dem-14839	121	5	estimated	estimate	VERB
dem-14839	121	6	by	by	ADP
dem-14839	121	7	the	the	DET
dem-14839	121	8	pooled	pool	VERB
dem-14839	121	9	ols	ol	NOUN
dem-14839	121	10	and	and	CCONJ
dem-14839	121	11	using	use	VERB
dem-14839	121	12	the	the	DET
dem-14839	121	13	fixed	fix	VERB
dem-14839	121	14	effects	effect	NOUN
dem-14839	121	15	estimator	estimator	NOUN
dem-14839	121	16	and	and	CCONJ
dem-14839	121	17	the	the	DET
dem-14839	121	18	random	random	ADJ
dem-14839	121	19	effects	effect	NOUN
dem-14839	121	20	estimator	estimator	NOUN
dem-14839	121	21	.	.	PUNCT
dem-14839	122	1	application	application	NOUN
dem-14839	122	2	of	of	ADP
dem-14839	122	3	three	three	NUM
dem-14839	122	4	testes	testis	NOUN
dem-14839	122	5	,	,	PUNCT
dem-14839	122	6	that	that	PRON
dem-14839	122	7	are	be	AUX
dem-14839	122	8	the	the	DET
dem-14839	122	9	chow	chow	ADJ
dem-14839	122	10	f	f	NOUN
dem-14839	122	11	-	-	PUNCT
dem-14839	122	12	test	test	NOUN
dem-14839	122	13	of	of	ADP
dem-14839	122	14	the	the	DET
dem-14839	122	15	joint	joint	ADJ
dem-14839	122	16	significance	significance	NOUN
dem-14839	122	17	of	of	ADP
dem-14839	122	18	group	group	NOUN
dem-14839	122	19	effects	effect	NOUN
dem-14839	122	20	,	,	PUNCT
dem-14839	122	21	the	the	DET
dem-14839	122	22	breusch	breusch	VERB
dem-14839	122	23	-	-	PUNCT
dem-14839	122	24	pagan	pagan	ADJ
dem-14839	122	25	test	test	NOUN
dem-14839	122	26	and	and	CCONJ
dem-14839	122	27	the	the	DET
dem-14839	122	28	hausman	hausman	ADJ
dem-14839	122	29	test	test	NOUN
dem-14839	122	30	will	will	AUX
dem-14839	122	31	allow	allow	VERB
dem-14839	122	32	for	for	ADP
dem-14839	122	33	selecting	select	VERB
dem-14839	122	34	the	the	DET
dem-14839	122	35	best	good	ADJ
dem-14839	122	36	model	model	NOUN
dem-14839	122	37	.	.	PUNCT
dem-14839	123	1	the	the	DET
dem-14839	123	2	first	first	ADJ
dem-14839	123	3	of	of	ADP
dem-14839	123	4	them	they	PRON
dem-14839	123	5	tests	test	VERB
dem-14839	123	6	that	that	SCONJ
dem-14839	123	7	the	the	DET
dem-14839	123	8	pooled	pool	VERB
dem-14839	123	9	ols	ol	NOUN
dem-14839	123	10	is	be	AUX
dem-14839	123	11	adequate	adequate	ADJ
dem-14839	123	12	,	,	PUNCT
dem-14839	123	13	in	in	ADP
dem-14839	123	14	favor	favor	NOUN
dem-14839	123	15	of	of	ADP
dem-14839	123	16	the	the	DET
dem-14839	123	17	fixed	fix	VERB
dem-14839	123	18	effects	effect	NOUN
dem-14839	123	19	alternative	alternative	ADJ
dem-14839	123	20	,	,	PUNCT
dem-14839	123	21	the	the	DET
dem-14839	123	22	second	second	ADJ
dem-14839	123	23	one	one	NUM
dem-14839	123	24	tests	test	NOUN
dem-14839	123	25	that	that	SCONJ
dem-14839	123	26	the	the	DET
dem-14839	123	27	pooled	pool	VERB
dem-14839	123	28	ols	ol	NOUN
dem-14839	123	29	is	be	AUX
dem-14839	123	30	adequate	adequate	ADJ
dem-14839	123	31	,	,	PUNCT
dem-14839	123	32	in	in	ADP
dem-14839	123	33	favor	favor	NOUN
dem-14839	123	34	of	of	ADP
dem-14839	123	35	the	the	DET
dem-14839	123	36	random	random	ADJ
dem-14839	123	37	effects	effect	NOUN
dem-14839	123	38	alternative	alternative	ADJ
dem-14839	123	39	.	.	PUNCT
dem-14839	124	1	the	the	DET
dem-14839	124	2	null	null	ADJ
dem-14839	124	3	hypothesis	hypothesis	NOUN
dem-14839	124	4	of	of	ADP
dem-14839	124	5	the	the	DET
dem-14839	124	6	last	last	ADJ
dem-14839	124	7	test	test	NOUN
dem-14839	124	8	states	state	VERB
dem-14839	124	9	that	that	SCONJ
dem-14839	124	10	the	the	DET
dem-14839	124	11	random	random	ADJ
dem-14839	124	12	effects	effect	NOUN
dem-14839	124	13	estimator	estimator	NOUN
dem-14839	124	14	is	be	AUX
dem-14839	124	15	consistent	consistent	ADJ
dem-14839	124	16	and	and	CCONJ
dem-14839	124	17	more	more	ADV
dem-14839	124	18	effective	effective	ADJ
dem-14839	124	19	than	than	ADP
dem-14839	124	20	the	the	DET
dem-14839	124	21	fixed	fix	VERB
dem-14839	124	22	effect	effect	NOUN
dem-14839	124	23	estimator	estimator	NOUN
dem-14839	124	24	.	.	PUNCT
dem-14839	125	1	4	4	X
dem-14839	125	2	.	.	X
dem-14839	125	3	empirical	empirical	ADJ
dem-14839	125	4	results	result	NOUN
dem-14839	125	5	4.1	4.1	NUM
dem-14839	125	6	.	.	PUNCT
dem-14839	126	1	performance	performance	NOUN
dem-14839	126	2	of	of	ADP
dem-14839	126	3	companies	company	NOUN
dem-14839	126	4	listed	list	VERB
dem-14839	126	5	on	on	ADP
dem-14839	126	6	wse	wse	NOUN
dem-14839	126	7	in	in	ADP
dem-14839	126	8	2000–2015	2000–2015	NUM
dem-14839	126	9	the	the	DET
dem-14839	126	10	fluctuations	fluctuation	NOUN
dem-14839	126	11	of	of	ADP
dem-14839	126	12	roe	roe	PROPN
dem-14839	126	13	and	and	CCONJ
dem-14839	126	14	roa	roa	PROPN
dem-14839	126	15	ratios	ratio	NOUN
dem-14839	126	16	in	in	ADP
dem-14839	126	17	companies	company	NOUN
dem-14839	126	18	listed	list	VERB
dem-14839	126	19	on	on	ADP
dem-14839	126	20	the	the	DET
dem-14839	126	21	warsaw	warsaw	PROPN
dem-14839	126	22	stock	stock	PROPN
dem-14839	126	23	exchange	exchange	NOUN
dem-14839	126	24	in	in	ADP
dem-14839	126	25	2000–2015	2000–2015	NUM
dem-14839	126	26	were	be	AUX
dem-14839	126	27	similar	similar	ADJ
dem-14839	126	28	to	to	ADP
dem-14839	126	29	each	each	DET
dem-14839	126	30	other	other	ADJ
dem-14839	126	31	throughout	throughout	ADP
dem-14839	126	32	the	the	DET
dem-14839	126	33	period	period	NOUN
dem-14839	126	34	considered	consider	VERB
dem-14839	126	35	(	(	PUNCT
dem-14839	126	36	table	table	NOUN
dem-14839	126	37	1	1	NUM
dem-14839	126	38	)	)	PUNCT
dem-14839	126	39	.	.	PUNCT
dem-14839	127	1	for	for	ADP
dem-14839	127	2	this	this	DET
dem-14839	127	3	reason	reason	NOUN
dem-14839	127	4	,	,	PUNCT
dem-14839	127	5	the	the	DET
dem-14839	127	6	description	description	NOUN
dem-14839	127	7	focuses	focus	VERB
dem-14839	127	8	only	only	ADV
dem-14839	127	9	on	on	ADP
dem-14839	127	10	one	one	NUM
dem-14839	127	11	of	of	ADP
dem-14839	127	12	them	they	PRON
dem-14839	127	13	,	,	PUNCT
dem-14839	127	14	i.e.	i.e.	X
dem-14839	127	15	roe	roe	NOUN
dem-14839	127	16	.	.	PUNCT
dem-14839	128	1	the	the	DET
dem-14839	128	2	value	value	NOUN
dem-14839	128	3	of	of	ADP
dem-14839	128	4	the	the	DET
dem-14839	128	5	first	first	ADJ
dem-14839	128	6	quartile	quartile	NOUN
dem-14839	128	7	,	,	PUNCT
dem-14839	128	8	calculated	calculate	VERB
dem-14839	128	9	for	for	ADP
dem-14839	128	10	roe	roe	NOUN
dem-14839	128	11	in	in	ADP
dem-14839	128	12	companies	company	NOUN
dem-14839	128	13	listed	list	VERB
dem-14839	128	14	on	on	ADP
dem-14839	128	15	wse	wse	PROPN
dem-14839	128	16	,	,	PUNCT
dem-14839	128	17	decreased	decrease	VERB
dem-14839	128	18	systematically	systematically	ADV
dem-14839	128	19	in	in	ADP
dem-14839	128	20	2000–2002	2000–2002	NOUN
dem-14839	128	21	.	.	PUNCT
dem-14839	129	1	in	in	ADP
dem-14839	129	2	2002	2002	NUM
dem-14839	129	3	it	it	PRON
dem-14839	129	4	reached	reach	VERB
dem-14839	129	5	the	the	DET
dem-14839	129	6	lowest	low	ADJ
dem-14839	129	7	level	level	NOUN
dem-14839	129	8	in	in	ADP
dem-14839	129	9	the	the	DET
dem-14839	129	10	whole	whole	ADJ
dem-14839	129	11	period	period	NOUN
dem-14839	129	12	,	,	PUNCT
dem-14839	129	13	i.e.	i.e.	X
dem-14839	129	14	–	–	PUNCT
dem-14839	129	15	13,76	13,76	NUM
dem-14839	129	16	%	%	NOUN
dem-14839	129	17	.	.	PUNCT
dem-14839	130	1	it	it	PRON
dem-14839	130	2	means	mean	VERB
dem-14839	130	3	that	that	SCONJ
dem-14839	130	4	25	25	NUM
dem-14839	130	5	%	%	NOUN
dem-14839	130	6	of	of	ADP
dem-14839	130	7	companies	company	NOUN
dem-14839	130	8	achieved	achieve	VERB
dem-14839	130	9	a	a	DET
dem-14839	130	10	value	value	NOUN
dem-14839	130	11	of	of	ADP
dem-14839	130	12	roe	roe	NOUN
dem-14839	130	13	not	not	PART
dem-14839	130	14	greater	great	ADJ
dem-14839	130	15	than	than	ADP
dem-14839	130	16	–	–	PUNCT
dem-14839	130	17	13,76	13,76	NUM
dem-14839	130	18	%	%	NOUN
dem-14839	130	19	in	in	ADP
dem-14839	130	20	2002	2002	NUM
dem-14839	130	21	.	.	PUNCT
dem-14839	131	1	starting	start	VERB
dem-14839	131	2	from	from	ADP
dem-14839	131	3	2003	2003	NUM
dem-14839	131	4	,	,	PUNCT
dem-14839	131	5	the	the	DET
dem-14839	131	6	ratio	ratio	NOUN
dem-14839	131	7	was	be	AUX
dem-14839	131	8	increasing	increase	VERB
dem-14839	131	9	until	until	ADP
dem-14839	131	10	2007	2007	NUM
dem-14839	131	11	when	when	SCONJ
dem-14839	131	12	it	it	PRON
dem-14839	131	13	reached	reach	VERB
dem-14839	131	14	4,57	4,57	NOUN
dem-14839	131	15	%	%	NOUN
dem-14839	131	16	,	,	PUNCT
dem-14839	131	17	i.e.	i.e.	X
dem-14839	131	18	the	the	DET
dem-14839	131	19	highest	high	ADJ
dem-14839	131	20	value	value	NOUN
dem-14839	131	21	in	in	ADP
dem-14839	131	22	the	the	DET
dem-14839	131	23	whole	whole	ADJ
dem-14839	131	24	period	period	NOUN
dem-14839	131	25	analysed	analyse	VERB
dem-14839	131	26	.	.	PUNCT
dem-14839	132	1	in	in	ADP
dem-14839	132	2	subsequent	subsequent	ADJ
dem-14839	132	3	years	year	NOUN
dem-14839	132	4	,	,	PUNCT
dem-14839	132	5	the	the	DET
dem-14839	132	6	value	value	NOUN
dem-14839	132	7	of	of	ADP
dem-14839	132	8	the	the	DET
dem-14839	132	9	roe	roe	NOUN
dem-14839	132	10	fluctuated	fluctuate	VERB
dem-14839	132	11	.	.	PUNCT
dem-14839	133	1	however	however	ADV
dem-14839	133	2	,	,	PUNCT
dem-14839	133	3	only	only	ADV
dem-14839	133	4	in	in	ADP
dem-14839	133	5	2012–2013	2012–2013	NUM
dem-14839	133	6	it	it	PRON
dem-14839	133	7	was	be	AUX
dem-14839	133	8	negative	negative	ADJ
dem-14839	133	9	(	(	PUNCT
dem-14839	133	10	table	table	NOUN
dem-14839	133	11	1	1	NUM
dem-14839	133	12	.	.	PUNCT
dem-14839	133	13	)	)	PUNCT
dem-14839	133	14	.	.	PUNCT
dem-14839	134	1	the	the	DET
dem-14839	134	2	value	value	NOUN
dem-14839	134	3	of	of	ADP
dem-14839	134	4	roe	roe	NOUN
dem-14839	134	5	has	have	AUX
dem-14839	134	6	been	be	AUX
dem-14839	134	7	increasing	increase	VERB
dem-14839	134	8	since	since	SCONJ
dem-14839	134	9	2003	2003	NUM
dem-14839	134	10	to	to	ADP
dem-14839	134	11	2007	2007	NUM
dem-14839	134	12	.	.	PUNCT
dem-14839	135	1	determinants	determinant	NOUN
dem-14839	135	2	of	of	ADP
dem-14839	135	3	corporate	corporate	ADJ
dem-14839	135	4	performance	performance	NOUN
dem-14839	135	5	:	:	PUNCT
dem-14839	135	6	modelling	model	VERB
dem-14839	135	7	approach	approach	NOUN
dem-14839	135	8	dynamic	dynamic	ADJ
dem-14839	135	9	econometric	econometric	ADJ
dem-14839	135	10	models	model	NOUN
dem-14839	135	11	17	17	NUM
dem-14839	135	12	(	(	PUNCT
dem-14839	135	13	2017	2017	NUM
dem-14839	135	14	)	)	PUNCT
dem-14839	135	15	115–127	115–127	NUM
dem-14839	135	16	121	121	NUM
dem-14839	135	17	table	table	NOUN
dem-14839	135	18	1	1	NUM
dem-14839	135	19	.	.	X
dem-14839	135	20	return	return	VERB
dem-14839	135	21	on	on	ADP
dem-14839	135	22	assets	asset	NOUN
dem-14839	135	23	(	(	PUNCT
dem-14839	135	24	roa	roa	NOUN
dem-14839	135	25	)	)	PUNCT
dem-14839	135	26	and	and	CCONJ
dem-14839	135	27	return	return	VERB
dem-14839	135	28	on	on	ADP
dem-14839	135	29	equity	equity	NOUN
dem-14839	135	30	(	(	PUNCT
dem-14839	135	31	roe	roe	PROPN
dem-14839	135	32	)	)	PUNCT
dem-14839	135	33	in	in	ADP
dem-14839	135	34	companies	company	NOUN
dem-14839	135	35	listed	list	VERB
dem-14839	135	36	on	on	ADP
dem-14839	135	37	wse	wse	NOUN
dem-14839	135	38	in	in	ADP
dem-14839	135	39	2000–2015	2000–2015	NUM
dem-14839	135	40	years	year	NOUN
dem-14839	135	41	roa(%	roa(%	NOUN
dem-14839	135	42	)	)	PUNCT
dem-14839	135	43	roe(%	roe(%	PROPN
dem-14839	135	44	)	)	PUNCT
dem-14839	136	1	i	i	PRON
dem-14839	136	2	quartile	quartile	ADV
dem-14839	136	3	median	median	PROPN
dem-14839	136	4	iii	iii	NUM
dem-14839	136	5	quartile	quartile	NOUN
dem-14839	137	1	i	i	PRON
dem-14839	137	2	quartile	quartile	ADV
dem-14839	137	3	median	median	PROPN
dem-14839	137	4	iii	iii	NUM
dem-14839	137	5	quartile	quartile	NOUN
dem-14839	137	6	2000	2000	NUM
dem-14839	137	7	–	–	PUNCT
dem-14839	137	8	2,76	2,76	NUM
dem-14839	137	9	2,71	2,71	NUM
dem-14839	137	10	5,67	5,67	NUM
dem-14839	137	11	–	–	PUNCT
dem-14839	137	12	1,11	1,11	NUM
dem-14839	137	13	5,17	5,17	NUM
dem-14839	137	14	10,36	10,36	NUM
dem-14839	137	15	2001	2001	NUM
dem-14839	137	16	–	–	PUNCT
dem-14839	137	17	5,82	5,82	NUM
dem-14839	137	18	0,99	0,99	NOUN
dem-14839	137	19	4,02	4,02	NUM
dem-14839	137	20	–	–	PUNCT
dem-14839	137	21	9,12	9,12	NUM
dem-14839	137	22	2,07	2,07	NUM
dem-14839	137	23	6,09	6,09	NUM
dem-14839	137	24	2002	2002	NUM
dem-14839	137	25	–	–	PUNCT
dem-14839	137	26	4,29	4,29	NUM
dem-14839	137	27	1,76	1,76	NUM
dem-14839	137	28	3,99	3,99	PROPN
dem-14839	137	29	–	–	PUNCT
dem-14839	137	30	13,76	13,76	NUM
dem-14839	137	31	3,46	3,46	PROPN
dem-14839	137	32	7,04	7,04	NUM
dem-14839	137	33	2003	2003	NUM
dem-14839	137	34	0,61	0,61	NUM
dem-14839	138	1	3,24	3,24	NUM
dem-14839	138	2	6,11	6,11	NOUN
dem-14839	138	3	0,97	0,97	NUM
dem-14839	139	1	5,85	5,85	NUM
dem-14839	139	2	12,64	12,64	NUM
dem-14839	139	3	2004	2004	NUM
dem-14839	139	4	1,83	1,83	PROPN
dem-14839	139	5	4,04	4,04	PROPN
dem-14839	140	1	7,92	7,92	PROPN
dem-14839	141	1	2,64	2,64	NUM
dem-14839	141	2	8,33	8,33	NUM
dem-14839	141	3	17,03	17,03	NUM
dem-14839	141	4	2005	2005	NUM
dem-14839	141	5	1,03	1,03	NUM
dem-14839	141	6	4,22	4,22	NUM
dem-14839	141	7	9,39	9,39	NUM
dem-14839	141	8	0,54	0,54	PUNCT
dem-14839	142	1	7,92	7,92	NUM
dem-14839	142	2	16,11	16,11	NUM
dem-14839	142	3	2006	2006	NUM
dem-14839	142	4	1,38	1,38	NUM
dem-14839	143	1	4,91	4,91	NUM
dem-14839	143	2	10,38	10,38	NOUN
dem-14839	143	3	2,22	2,22	NUM
dem-14839	143	4	10,03	10,03	NUM
dem-14839	143	5	19,42	19,42	NUM
dem-14839	143	6	2007	2007	NUM
dem-14839	143	7	2,69	2,69	NUM
dem-14839	143	8	5,49	5,49	NUM
dem-14839	143	9	10,69	10,69	NUM
dem-14839	143	10	4,75	4,75	NOUN
dem-14839	143	11	9,50	9,50	NUM
dem-14839	144	1	17,72	17,72	NUM
dem-14839	144	2	2008	2008	NUM
dem-14839	144	3	0,72	0,72	NOUN
dem-14839	145	1	3,46	3,46	NUM
dem-14839	146	1	6,42	6,42	NOUN
dem-14839	146	2	0,92	0,92	NUM
dem-14839	147	1	4,99	4,99	NUM
dem-14839	147	2	12,81	12,81	NUM
dem-14839	147	3	2009	2009	NUM
dem-14839	147	4	0,60	0,60	NUM
dem-14839	148	1	3,42	3,42	NUM
dem-14839	148	2	6,91	6,91	NUM
dem-14839	148	3	0,80	0,80	NOUN
dem-14839	149	1	4,84	4,84	NOUN
dem-14839	149	2	10,39	10,39	NUM
dem-14839	149	3	2010	2010	NUM
dem-14839	149	4	0,93	0,93	PUNCT
dem-14839	150	1	3,32	3,32	NUM
dem-14839	150	2	5,95	5,95	NUM
dem-14839	150	3	1,25	1,25	NUM
dem-14839	150	4	5,50	5,50	NUM
dem-14839	150	5	10,54	10,54	NUM
dem-14839	150	6	2011	2011	NUM
dem-14839	150	7	1,05	1,05	NUM
dem-14839	150	8	4,62	4,62	NUM
dem-14839	150	9	6,39	6,39	NOUN
dem-14839	150	10	1,61	1,61	NUM
dem-14839	150	11	6,68	6,68	NUM
dem-14839	150	12	10,89	10,89	NUM
dem-14839	150	13	2012	2012	NUM
dem-14839	150	14	–	–	PUNCT
dem-14839	150	15	0,73	0,73	NUM
dem-14839	150	16	2,43	2,43	ADJ
dem-14839	151	1	5,14	5,14	NUM
dem-14839	151	2	–	–	PUNCT
dem-14839	151	3	1,63	1,63	NUM
dem-14839	151	4	4,08	4,08	NUM
dem-14839	151	5	8,45	8,45	NUM
dem-14839	151	6	2013	2013	NUM
dem-14839	151	7	0,01	0,01	NUM
dem-14839	151	8	2,71	2,71	NUM
dem-14839	151	9	6,88	6,88	NUM
dem-14839	151	10	–	–	PUNCT
dem-14839	151	11	0,17	0,17	NUM
dem-14839	151	12	4,50	4,50	NUM
dem-14839	152	1	10,20	10,20	NUM
dem-14839	152	2	2014	2014	NUM
dem-14839	152	3	1,33	1,33	NUM
dem-14839	152	4	3,78	3,78	PROPN
dem-14839	152	5	6,71	6,71	NUM
dem-14839	152	6	1,25	1,25	NUM
dem-14839	152	7	6,06	6,06	NUM
dem-14839	152	8	11,63	11,63	NUM
dem-14839	152	9	2015	2015	NUM
dem-14839	152	10	0,12	0,12	NUM
dem-14839	152	11	2,97	2,97	NUM
dem-14839	152	12	6,85	6,85	ADP
dem-14839	152	13	0,16	0,16	NUM
dem-14839	152	14	5,15	5,15	NOUN
dem-14839	152	15	11,67	11,67	NUM
dem-14839	152	16	the	the	DET
dem-14839	152	17	median	median	NOUN
dem-14839	152	18	,	,	PUNCT
dem-14839	152	19	calculated	calculate	VERB
dem-14839	152	20	for	for	ADP
dem-14839	152	21	roe	roe	PROPN
dem-14839	152	22	in	in	ADP
dem-14839	152	23	the	the	DET
dem-14839	152	24	entities	entity	NOUN
dem-14839	152	25	in	in	ADP
dem-14839	152	26	2000–2015	2000–2015	NUM
dem-14839	152	27	,	,	PUNCT
dem-14839	152	28	ranged	range	VERB
dem-14839	152	29	from	from	ADP
dem-14839	152	30	2,07	2,07	NUM
dem-14839	152	31	%	%	NOUN
dem-14839	152	32	in	in	ADP
dem-14839	152	33	2001	2001	NUM
dem-14839	152	34	to	to	ADP
dem-14839	152	35	10,03	10,03	NUM
dem-14839	152	36	%	%	NOUN
dem-14839	152	37	in	in	ADP
dem-14839	152	38	2006	2006	NUM
dem-14839	152	39	.	.	PUNCT
dem-14839	153	1	a	a	DET
dem-14839	153	2	similar	similar	ADJ
dem-14839	153	3	situation	situation	NOUN
dem-14839	153	4	was	be	AUX
dem-14839	153	5	noted	note	VERB
dem-14839	153	6	for	for	ADP
dem-14839	153	7	the	the	DET
dem-14839	153	8	third	third	ADJ
dem-14839	153	9	quartile	quartile	NOUN
dem-14839	153	10	of	of	ADP
dem-14839	153	11	roe	roe	NOUN
dem-14839	153	12	.	.	PUNCT
dem-14839	154	1	in	in	ADP
dem-14839	154	2	2001	2001	NUM
dem-14839	154	3	and	and	CCONJ
dem-14839	154	4	2006	2006	NUM
dem-14839	154	5	,	,	PUNCT
dem-14839	154	6	it	it	PRON
dem-14839	154	7	was	be	AUX
dem-14839	154	8	at	at	ADP
dem-14839	154	9	the	the	DET
dem-14839	154	10	level	level	NOUN
dem-14839	154	11	of	of	ADP
dem-14839	154	12	6,09	6,09	NOUN
dem-14839	154	13	%	%	NOUN
dem-14839	154	14	and	and	CCONJ
dem-14839	154	15	19,42	19,42	NUM
dem-14839	154	16	%	%	NOUN
dem-14839	154	17	respectively	respectively	ADV
dem-14839	154	18	,	,	PUNCT
dem-14839	154	19	which	which	PRON
dem-14839	154	20	means	mean	VERB
dem-14839	154	21	that	that	SCONJ
dem-14839	154	22	25	25	NUM
dem-14839	154	23	%	%	NOUN
dem-14839	154	24	of	of	ADP
dem-14839	154	25	the	the	DET
dem-14839	154	26	companies	company	NOUN
dem-14839	154	27	achieved	achieve	VERB
dem-14839	154	28	roe	roe	NOUN
dem-14839	154	29	not	not	PART
dem-14839	154	30	lower	low	ADJ
dem-14839	154	31	than	than	ADP
dem-14839	154	32	the	the	DET
dem-14839	154	33	third	third	ADJ
dem-14839	154	34	quartile	quartile	NOUN
dem-14839	154	35	.	.	PUNCT
dem-14839	155	1	the	the	DET
dem-14839	155	2	trends	trend	NOUN
dem-14839	155	3	described	describe	VERB
dem-14839	155	4	above	above	ADV
dem-14839	155	5	are	be	AUX
dem-14839	155	6	related	relate	VERB
dem-14839	155	7	to	to	ADP
dem-14839	155	8	the	the	DET
dem-14839	155	9	economic	economic	ADJ
dem-14839	155	10	situation	situation	NOUN
dem-14839	155	11	in	in	ADP
dem-14839	155	12	poland	poland	PROPN
dem-14839	155	13	during	during	ADP
dem-14839	155	14	the	the	DET
dem-14839	155	15	period	period	NOUN
dem-14839	155	16	considered	consider	VERB
dem-14839	155	17	.	.	PUNCT
dem-14839	156	1	in	in	ADP
dem-14839	156	2	the	the	DET
dem-14839	156	3	years	year	NOUN
dem-14839	156	4	when	when	SCONJ
dem-14839	156	5	the	the	DET
dem-14839	156	6	companies	company	NOUN
dem-14839	156	7	achieved	achieve	VERB
dem-14839	156	8	the	the	DET
dem-14839	156	9	highest	high	ADJ
dem-14839	156	10	profitability	profitability	NOUN
dem-14839	156	11	level	level	NOUN
dem-14839	156	12	,	,	PUNCT
dem-14839	156	13	there	there	PRON
dem-14839	156	14	was	be	VERB
dem-14839	156	15	a	a	DET
dem-14839	156	16	prosperity	prosperity	NOUN
dem-14839	156	17	in	in	ADP
dem-14839	156	18	polish	polish	ADJ
dem-14839	156	19	economy	economy	NOUN
dem-14839	156	20	.	.	PUNCT
dem-14839	157	1	in	in	ADP
dem-14839	157	2	turn	turn	NOUN
dem-14839	157	3	,	,	PUNCT
dem-14839	157	4	during	during	ADP
dem-14839	157	5	the	the	DET
dem-14839	157	6	economic	economic	ADJ
dem-14839	157	7	downturn	downturn	NOUN
dem-14839	157	8	profitability	profitability	NOUN
dem-14839	157	9	ratios	ratio	NOUN
dem-14839	157	10	roe	roe	PROPN
dem-14839	157	11	and	and	CCONJ
dem-14839	157	12	roa	roa	PROPN
dem-14839	157	13	were	be	AUX
dem-14839	157	14	relatively	relatively	ADV
dem-14839	157	15	low	low	ADJ
dem-14839	157	16	(	(	PUNCT
dem-14839	157	17	table	table	NOUN
dem-14839	157	18	1	1	NUM
dem-14839	157	19	)	)	PUNCT
dem-14839	157	20	.	.	PUNCT
dem-14839	158	1	in	in	ADP
dem-14839	158	2	the	the	DET
dem-14839	158	3	next	next	ADJ
dem-14839	158	4	step	step	NOUN
dem-14839	158	5	the	the	DET
dem-14839	158	6	stationarity	stationarity	NOUN
dem-14839	158	7	of	of	ADP
dem-14839	158	8	the	the	DET
dem-14839	158	9	two	two	NUM
dem-14839	158	10	selected	select	VERB
dem-14839	158	11	ratios	ratio	NOUN
dem-14839	158	12	was	be	AUX
dem-14839	158	13	tested	test	VERB
dem-14839	158	14	.	.	PUNCT
dem-14839	159	1	statistics	statistic	NOUN
dem-14839	159	2	of	of	ADP
dem-14839	159	3	the	the	DET
dem-14839	159	4	tests	test	NOUN
dem-14839	159	5	for	for	ADP
dem-14839	159	6	the	the	DET
dem-14839	159	7	panel	panel	NOUN
dem-14839	159	8	data	datum	NOUN
dem-14839	159	9	are	be	AUX
dem-14839	159	10	given	give	VERB
dem-14839	159	11	in	in	ADP
dem-14839	159	12	the	the	DET
dem-14839	159	13	table	table	NOUN
dem-14839	159	14	2	2	NUM
dem-14839	159	15	.	.	PUNCT
dem-14839	160	1	in	in	ADP
dem-14839	160	2	all	all	DET
dem-14839	160	3	cases	case	NOUN
dem-14839	160	4	the	the	DET
dem-14839	160	5	null	null	ADJ
dem-14839	160	6	hypothesis	hypothesis	NOUN
dem-14839	160	7	that	that	PRON
dem-14839	160	8	the	the	DET
dem-14839	160	9	series	series	NOUN
dem-14839	160	10	is	be	AUX
dem-14839	160	11	integrated	integrate	VERB
dem-14839	160	12	in	in	ADP
dem-14839	160	13	order	order	NOUN
dem-14839	160	14	of	of	ADP
dem-14839	160	15	one	one	NUM
dem-14839	160	16	or	or	CCONJ
dem-14839	160	17	higher	high	ADJ
dem-14839	160	18	at	at	ADP
dem-14839	160	19	the	the	DET
dem-14839	160	20	0.05	0.05	NUM
dem-14839	160	21	level	level	NOUN
dem-14839	160	22	of	of	ADP
dem-14839	160	23	significance	significance	NOUN
dem-14839	160	24	need	need	VERB
dem-14839	160	25	to	to	PART
dem-14839	160	26	be	be	AUX
dem-14839	160	27	rejected	reject	VERB
dem-14839	160	28	.	.	PUNCT
dem-14839	161	1	consequently	consequently	ADV
dem-14839	161	2	,	,	PUNCT
dem-14839	161	3	it	it	PRON
dem-14839	161	4	can	can	AUX
dem-14839	161	5	be	be	AUX
dem-14839	161	6	assumed	assume	VERB
dem-14839	161	7	that	that	SCONJ
dem-14839	161	8	all	all	DET
dem-14839	161	9	series	series	NOUN
dem-14839	161	10	are	be	AUX
dem-14839	161	11	stationary	stationary	ADJ
dem-14839	161	12	.	.	PUNCT
dem-14839	162	1	additionally	additionally	ADV
dem-14839	162	2	,	,	PUNCT
dem-14839	162	3	the	the	DET
dem-14839	162	4	correlations	correlation	NOUN
dem-14839	162	5	between	between	ADP
dem-14839	162	6	analysed	analyse	VERB
dem-14839	162	7	series	series	NOUN
dem-14839	162	8	were	be	AUX
dem-14839	162	9	tested	test	VERB
dem-14839	162	10	.	.	PUNCT
dem-14839	163	1	only	only	ADV
dem-14839	163	2	one	one	NUM
dem-14839	163	3	statistically	statistically	ADV
dem-14839	163	4	significant	significant	ADJ
dem-14839	163	5	correlation	correlation	NOUN
dem-14839	163	6	at	at	ADP
dem-14839	163	7	the	the	DET
dem-14839	163	8	level	level	NOUN
dem-14839	163	9	of	of	ADP
dem-14839	163	10	0.05	0.05	NUM
dem-14839	163	11	appeared	appear	VERB
dem-14839	163	12	(	(	PUNCT
dem-14839	163	13	see	see	VERB
dem-14839	163	14	table	table	NOUN
dem-14839	163	15	3	3	NUM
dem-14839	163	16	)	)	PUNCT
dem-14839	163	17	.	.	PUNCT
dem-14839	164	1	that	that	PRON
dem-14839	164	2	was	be	AUX
dem-14839	164	3	between	between	ADP
dem-14839	164	4	roa	roa	NOUN
dem-14839	164	5	and	and	CCONJ
dem-14839	164	6	leverage	leverage	NOUN
dem-14839	164	7	which	which	PRON
dem-14839	164	8	means	mean	VERB
dem-14839	164	9	that	that	SCONJ
dem-14839	164	10	companies	company	NOUN
dem-14839	164	11	listed	list	VERB
dem-14839	164	12	on	on	ADP
dem-14839	164	13	wse	wse	PROPN
dem-14839	164	14	prefer	prefer	VERB
dem-14839	164	15	to	to	PART
dem-14839	164	16	finance	finance	VERB
dem-14839	164	17	with	with	ADP
dem-14839	164	18	internal	internal	ADJ
dem-14839	164	19	founds	found	VERB
dem-14839	164	20	what	what	PRON
dem-14839	164	21	is	be	AUX
dem-14839	164	22	in	in	ADP
dem-14839	164	23	line	line	NOUN
dem-14839	164	24	with	with	ADP
dem-14839	164	25	pecking	pecking	NOUN
dem-14839	164	26	order	order	NOUN
dem-14839	164	27	theory	theory	NOUN
dem-14839	164	28	.	.	PUNCT
dem-14839	165	1	similar	similar	ADJ
dem-14839	165	2	results	result	NOUN
dem-14839	165	3	could	could	AUX
dem-14839	165	4	be	be	AUX
dem-14839	165	5	found	find	VERB
dem-14839	165	6	in	in	ADP
dem-14839	165	7	most	most	ADJ
dem-14839	165	8	of	of	ADP
dem-14839	165	9	previous	previous	ADJ
dem-14839	165	10	studies	study	NOUN
dem-14839	165	11	for	for	ADP
dem-14839	165	12	poland	poland	PROPN
dem-14839	165	13	(	(	PUNCT
dem-14839	165	14	e.g.	e.g.	ADV
dem-14839	165	15	hamrol	hamrol	NOUN
dem-14839	165	16	,	,	PUNCT
dem-14839	165	17	sieczko	sieczko	PROPN
dem-14839	165	18	2006	2006	NUM
dem-14839	165	19	;	;	PUNCT
dem-14839	165	20	wilimowska	wilimowska	PROPN
dem-14839	165	21	,	,	PUNCT
dem-14839	165	22	wilimowski	wilimowski	ADJ
dem-14839	165	23	2010	2010	NUM
dem-14839	165	24	;	;	PUNCT
dem-14839	165	25	jędrzejczak	jędrzejczak	NOUN
dem-14839	165	26	-	-	PUNCT
dem-14839	165	27	gas	gas	NOUN
dem-14839	165	28	,	,	PUNCT
dem-14839	165	29	2014	2014	NUM
dem-14839	165	30	)	)	PUNCT
dem-14839	165	31	.	.	PUNCT
dem-14839	166	1	ewa	ewa	PROPN
dem-14839	166	2	majerowska	majerowska	PROPN
dem-14839	166	3	,	,	PUNCT
dem-14839	166	4	magdalena	magdalena	PROPN
dem-14839	166	5	gostkowska	gostkowska	PROPN
dem-14839	166	6	-	-	PUNCT
dem-14839	166	7	drzewicka	drzewicka	NOUN
dem-14839	166	8	dynamic	dynamic	ADJ
dem-14839	166	9	econometric	econometric	ADJ
dem-14839	166	10	models	model	NOUN
dem-14839	166	11	17	17	NUM
dem-14839	166	12	(	(	PUNCT
dem-14839	166	13	2017	2017	NUM
dem-14839	166	14	)	)	PUNCT
dem-14839	166	15	115–127	115–127	NUM
dem-14839	166	16	122	122	NUM
dem-14839	166	17	table	table	NOUN
dem-14839	166	18	2	2	NUM
dem-14839	166	19	.	.	PUNCT
dem-14839	166	20	statistics	statistic	NOUN
dem-14839	166	21	of	of	ADP
dem-14839	166	22	the	the	DET
dem-14839	166	23	stationarity	stationarity	NOUN
dem-14839	166	24	tests	test	NOUN
dem-14839	166	25	of	of	ADP
dem-14839	166	26	the	the	DET
dem-14839	166	27	indicators	indicator	NOUN
dem-14839	166	28	statistic	statistic	VERB
dem-14839	166	29	test	test	NOUN
dem-14839	166	30	roa	roa	PROPN
dem-14839	166	31	roe	roe	PROPN
dem-14839	166	32	im	im	PROPN
dem-14839	166	33	-	-	PUNCT
dem-14839	166	34	pesaran	pesaran	VERB
dem-14839	166	35	-	-	PUNCT
dem-14839	166	36	shin	shin	NOUN
dem-14839	166	37	–	–	PUNCT
dem-14839	166	38	2.5162	2.5162	NUM
dem-14839	166	39	–	–	PUNCT
dem-14839	166	40	2.7011	2.7011	NUM
dem-14839	166	41	choi	choi	NOUN
dem-14839	166	42	meta	meta	NOUN
dem-14839	166	43	-	-	PUNCT
dem-14839	166	44	tests	test	NOUN
dem-14839	166	45	:	:	PUNCT
dem-14839	166	46	inverse	inverse	ADJ
dem-14839	166	47	chi	chi	ADJ
dem-14839	166	48	-	-	PUNCT
dem-14839	166	49	square	square	ADJ
dem-14839	166	50	406.944	406.944	NUM
dem-14839	166	51	458.669	458.669	NUM
dem-14839	166	52	inverse	inverse	NOUN
dem-14839	166	53	normal	normal	ADJ
dem-14839	166	54	test	test	NOUN
dem-14839	166	55	–	–	PUNCT
dem-14839	166	56	9.8127	9.8127	NUM
dem-14839	166	57	–	–	PUNCT
dem-14839	166	58	11.1538	11.1538	NUM
dem-14839	166	59	logit	logit	NOUN
dem-14839	166	60	test	test	NOUN
dem-14839	166	61	–	–	PUNCT
dem-14839	166	62	9.8738	9.8738	NUM
dem-14839	166	63	–	–	PUNCT
dem-14839	166	64	11.6641	11.6641	NUM
dem-14839	166	65	levin	levin	PROPN
dem-14839	166	66	-	-	PUNCT
dem-14839	166	67	lin	lin	PROPN
dem-14839	166	68	-	-	PUNCT
dem-14839	166	69	chu	chu	PROPN
dem-14839	166	70	pooled	pool	VERB
dem-14839	166	71	adf	adf	PROPN
dem-14839	166	72	–	–	PUNCT
dem-14839	166	73	3.6030	3.6030	NUM
dem-14839	166	74	–	–	SYM
dem-14839	166	75	35.2900	35.2900	NUM
dem-14839	166	76	table	table	NOUN
dem-14839	166	77	3	3	NUM
dem-14839	166	78	.	.	PUNCT
dem-14839	167	1	correlation	correlation	NOUN
dem-14839	167	2	coefficients	coefficient	NOUN
dem-14839	167	3	of	of	ADP
dem-14839	167	4	the	the	DET
dem-14839	167	5	indicators	indicator	NOUN
dem-14839	167	6	,	,	PUNCT
dem-14839	167	7	2000–2015	2000–2015	NUM
dem-14839	167	8	roa	roa	PROPN
dem-14839	167	9	roe	roe	PROPN
dem-14839	167	10	leverage	leverage	NOUN
dem-14839	167	11	growth	growth	NOUN
dem-14839	167	12	size	size	NOUN
dem-14839	167	13	tang	tang	PROPN
dem-14839	167	14	roa	roa	PROPN
dem-14839	167	15	1	1	NUM
dem-14839	167	16	–	–	PUNCT
dem-14839	167	17	0.0017	0.0017	NUM
dem-14839	167	18	–	–	PUNCT
dem-14839	167	19	0.9997	0.9997	NUM
dem-14839	167	20	0.0008	0.0008	NUM
dem-14839	167	21	0.0039	0.0039	NUM
dem-14839	167	22	0.0359	0.0359	NUM
dem-14839	167	23	roe	roe	NOUN
dem-14839	167	24	1	1	NUM
dem-14839	167	25	–	–	PUNCT
dem-14839	167	26	0.0004	0.0004	NUM
dem-14839	167	27	–	–	PUNCT
dem-14839	167	28	0.0002	0.0002	NUM
dem-14839	167	29	–	–	PUNCT
dem-14839	167	30	0.0013	0.0013	NUM
dem-14839	167	31	0.0355	0.0355	NUM
dem-14839	167	32	leverage	leverage	NOUN
dem-14839	167	33	1	1	NUM
dem-14839	167	34	–	–	PUNCT
dem-14839	167	35	0.0010	0.0010	NUM
dem-14839	167	36	–	–	PUNCT
dem-14839	167	37	0.0041	0.0041	NUM
dem-14839	167	38	–	–	PUNCT
dem-14839	167	39	0.0360	0.0360	NUM
dem-14839	167	40	growth	growth	NOUN
dem-14839	167	41	1	1	NUM
dem-14839	167	42	–	–	PUNCT
dem-14839	167	43	0.0008	0.0008	NUM
dem-14839	167	44	0.0506	0.0506	NUM
dem-14839	167	45	size	size	NOUN
dem-14839	167	46	1	1	NUM
dem-14839	167	47	–	–	PUNCT
dem-14839	167	48	0.0399	0.0399	NUM
dem-14839	167	49	tang	tang	NOUN
dem-14839	167	50	1	1	NUM
dem-14839	167	51	4.2	4.2	NUM
dem-14839	167	52	.	.	PUNCT
dem-14839	168	1	estimated	estimate	VERB
dem-14839	168	2	models	model	NOUN
dem-14839	168	3	the	the	DET
dem-14839	168	4	proposed	propose	VERB
dem-14839	168	5	model	model	NOUN
dem-14839	168	6	(	(	PUNCT
dem-14839	168	7	1	1	X
dem-14839	168	8	)	)	PUNCT
dem-14839	168	9	was	be	AUX
dem-14839	168	10	estimated	estimate	VERB
dem-14839	168	11	for	for	ADP
dem-14839	168	12	both	both	PRON
dem-14839	168	13	roa	roa	NOUN
dem-14839	168	14	and	and	CCONJ
dem-14839	168	15	roe	roe	PROPN
dem-14839	168	16	ratios	ratio	NOUN
dem-14839	168	17	.	.	PUNCT
dem-14839	169	1	the	the	DET
dem-14839	169	2	90	90	NUM
dem-14839	169	3	selected	select	VERB
dem-14839	169	4	companies	company	NOUN
dem-14839	169	5	in	in	ADP
dem-14839	169	6	years	year	NOUN
dem-14839	169	7	2000–2015	2000–2015	NUM
dem-14839	169	8	constituted	constitute	VERB
dem-14839	169	9	the	the	DET
dem-14839	169	10	panel	panel	NOUN
dem-14839	169	11	data	datum	NOUN
dem-14839	169	12	sample	sample	NOUN
dem-14839	169	13	.	.	PUNCT
dem-14839	170	1	additionally	additionally	ADV
dem-14839	170	2	,	,	PUNCT
dem-14839	170	3	we	we	PRON
dem-14839	170	4	propose	propose	VERB
dem-14839	170	5	to	to	PART
dem-14839	170	6	estimate	estimate	VERB
dem-14839	170	7	the	the	DET
dem-14839	170	8	model	model	NOUN
dem-14839	170	9	dividing	divide	VERB
dem-14839	170	10	the	the	DET
dem-14839	170	11	sample	sample	NOUN
dem-14839	170	12	into	into	ADP
dem-14839	170	13	four	four	NUM
dem-14839	170	14	subsamples	subsample	NOUN
dem-14839	170	15	.	.	PUNCT
dem-14839	171	1	the	the	DET
dem-14839	171	2	first	first	ADJ
dem-14839	171	3	subsample	subsample	NOUN
dem-14839	171	4	holds	hold	VERB
dem-14839	171	5	large	large	ADJ
dem-14839	171	6	companies	company	NOUN
dem-14839	171	7	,	,	PUNCT
dem-14839	171	8	included	include	VERB
dem-14839	171	9	in	in	ADP
dem-14839	171	10	the	the	DET
dem-14839	171	11	wig20	wig20	PROPN
dem-14839	171	12	.	.	PUNCT
dem-14839	172	1	there	there	PRON
dem-14839	172	2	were	be	VERB
dem-14839	172	3	only	only	ADV
dem-14839	172	4	4	4	NUM
dem-14839	172	5	of	of	ADP
dem-14839	172	6	them	they	PRON
dem-14839	172	7	.	.	PUNCT
dem-14839	173	1	to	to	ADP
dem-14839	173	2	the	the	DET
dem-14839	173	3	second	second	ADJ
dem-14839	173	4	one	one	NOUN
dem-14839	173	5	contains	contain	VERB
dem-14839	173	6	mediumsize	mediumsize	NOUN
dem-14839	173	7	companies	company	NOUN
dem-14839	173	8	(	(	PUNCT
dem-14839	173	9	included	include	VERB
dem-14839	173	10	in	in	ADP
dem-14839	173	11	the	the	DET
dem-14839	173	12	mwig40	mwig40	NOUN
dem-14839	173	13	)	)	PUNCT
dem-14839	173	14	.	.	PUNCT
dem-14839	174	1	there	there	PRON
dem-14839	174	2	were	be	VERB
dem-14839	174	3	14	14	NUM
dem-14839	174	4	of	of	ADP
dem-14839	174	5	them	they	PRON
dem-14839	174	6	.	.	PUNCT
dem-14839	175	1	the	the	DET
dem-14839	175	2	group	group	NOUN
dem-14839	175	3	of	of	ADP
dem-14839	175	4	21	21	NUM
dem-14839	175	5	companies	company	NOUN
dem-14839	175	6	(	(	PUNCT
dem-14839	175	7	included	include	VERB
dem-14839	175	8	in	in	ADP
dem-14839	175	9	the	the	DET
dem-14839	175	10	swig80	swig80	NOUN
dem-14839	175	11	index	index	PROPN
dem-14839	175	12	)	)	PUNCT
dem-14839	175	13	constituted	constitute	VERB
dem-14839	175	14	the	the	DET
dem-14839	175	15	subsample	subsample	NOUN
dem-14839	175	16	of	of	ADP
dem-14839	175	17	the	the	DET
dem-14839	175	18	small	small	ADJ
dem-14839	175	19	companies	company	NOUN
dem-14839	175	20	.	.	PUNCT
dem-14839	176	1	the	the	DET
dem-14839	176	2	rest	rest	NOUN
dem-14839	176	3	of	of	ADP
dem-14839	176	4	companies	company	NOUN
dem-14839	176	5	(	(	PUNCT
dem-14839	176	6	51	51	NUM
dem-14839	176	7	)	)	PUNCT
dem-14839	176	8	represents	represent	VERB
dem-14839	176	9	the	the	DET
dem-14839	176	10	last	last	ADJ
dem-14839	176	11	subsample	subsample	NOUN
dem-14839	176	12	.	.	PUNCT
dem-14839	177	1	the	the	DET
dem-14839	177	2	models	model	NOUN
dem-14839	177	3	,	,	PUNCT
dem-14839	177	4	for	for	ADP
dem-14839	177	5	all	all	DET
dem-14839	177	6	companies	company	NOUN
dem-14839	177	7	and	and	CCONJ
dem-14839	177	8	for	for	ADP
dem-14839	177	9	subsamples	subsample	NOUN
dem-14839	177	10	,	,	PUNCT
dem-14839	177	11	were	be	AUX
dem-14839	177	12	estimated	estimate	VERB
dem-14839	177	13	using	use	VERB
dem-14839	177	14	three	three	NUM
dem-14839	177	15	estimators	estimator	NOUN
dem-14839	177	16	:	:	PUNCT
dem-14839	177	17	the	the	DET
dem-14839	177	18	pooled	pool	VERB
dem-14839	177	19	ols	ol	NOUN
dem-14839	177	20	,	,	PUNCT
dem-14839	177	21	the	the	DET
dem-14839	177	22	fixed	fix	VERB
dem-14839	177	23	effects	effect	NOUN
dem-14839	177	24	estimator	estimator	NOUN
dem-14839	177	25	and	and	CCONJ
dem-14839	177	26	the	the	DET
dem-14839	177	27	random	random	ADJ
dem-14839	177	28	effects	effect	NOUN
dem-14839	177	29	estimator	estimator	NOUN
dem-14839	177	30	.	.	PUNCT
dem-14839	178	1	application	application	NOUN
dem-14839	178	2	of	of	ADP
dem-14839	178	3	such	such	ADJ
dem-14839	178	4	estimators	estimator	NOUN
dem-14839	178	5	for	for	ADP
dem-14839	178	6	modelling	model	VERB
dem-14839	178	7	the	the	DET
dem-14839	178	8	corporate	corporate	ADJ
dem-14839	178	9	performance	performance	NOUN
dem-14839	178	10	could	could	AUX
dem-14839	178	11	be	be	AUX
dem-14839	178	12	found	find	VERB
dem-14839	178	13	,	,	PUNCT
dem-14839	178	14	for	for	ADP
dem-14839	178	15	example	example	NOUN
dem-14839	178	16	,	,	PUNCT
dem-14839	178	17	in	in	ADP
dem-14839	178	18	majumdar	majumdar	PROPN
dem-14839	178	19	and	and	CCONJ
dem-14839	178	20	chhibber	chhibber	PROPN
dem-14839	178	21	(	(	PUNCT
dem-14839	178	22	1999	1999	NUM
dem-14839	178	23	)	)	PUNCT
dem-14839	178	24	,	,	PUNCT
dem-14839	178	25	berger	berger	PROPN
dem-14839	178	26	,	,	PUNCT
dem-14839	178	27	bonaccorsi	bonaccorsi	PROPN
dem-14839	178	28	di	di	PROPN
dem-14839	178	29	patti	patti	PROPN
dem-14839	178	30	e.	e.	PROPN
dem-14839	178	31	(	(	PUNCT
dem-14839	178	32	2006	2006	NUM
dem-14839	178	33	)	)	PUNCT
dem-14839	178	34	or	or	CCONJ
dem-14839	178	35	king	king	NOUN
dem-14839	178	36	,	,	PUNCT
dem-14839	178	37	santor	santor	NOUN
dem-14839	178	38	(	(	PUNCT
dem-14839	178	39	2007	2007	NUM
dem-14839	178	40	)	)	PUNCT
dem-14839	178	41	.	.	PUNCT
dem-14839	179	1	then	then	ADV
dem-14839	179	2	the	the	DET
dem-14839	179	3	selection	selection	NOUN
dem-14839	179	4	of	of	ADP
dem-14839	179	5	the	the	DET
dem-14839	179	6	most	most	ADV
dem-14839	179	7	appropriate	appropriate	ADJ
dem-14839	179	8	model	model	NOUN
dem-14839	179	9	was	be	AUX
dem-14839	179	10	based	base	VERB
dem-14839	179	11	on	on	ADP
dem-14839	179	12	the	the	DET
dem-14839	179	13	basis	basis	NOUN
dem-14839	179	14	of	of	ADP
dem-14839	179	15	the	the	DET
dem-14839	179	16	three	three	NUM
dem-14839	179	17	tests	test	NOUN
dem-14839	179	18	,	,	PUNCT
dem-14839	179	19	mentioned	mention	VERB
dem-14839	179	20	above	above	ADV
dem-14839	179	21	.	.	PUNCT
dem-14839	180	1	results	result	NOUN
dem-14839	180	2	are	be	AUX
dem-14839	180	3	given	give	VERB
dem-14839	180	4	below	below	ADV
dem-14839	180	5	(	(	PUNCT
dem-14839	180	6	tables	table	NOUN
dem-14839	180	7	4	4	NUM
dem-14839	180	8	and	and	CCONJ
dem-14839	180	9	5	5	NUM
dem-14839	180	10	)	)	PUNCT
dem-14839	180	11	.	.	PUNCT
dem-14839	181	1	it	it	PRON
dem-14839	181	2	can	can	AUX
dem-14839	181	3	be	be	AUX
dem-14839	181	4	noticed	notice	VERB
dem-14839	181	5	that	that	SCONJ
dem-14839	181	6	in	in	ADP
dem-14839	181	7	almost	almost	ADV
dem-14839	181	8	all	all	PRON
dem-14839	181	9	cases	case	NOUN
dem-14839	181	10	(	(	PUNCT
dem-14839	181	11	in	in	ADP
dem-14839	181	12	four	four	NUM
dem-14839	181	13	out	out	ADP
dem-14839	181	14	of	of	ADP
dem-14839	181	15	five	five	NUM
dem-14839	181	16	cases	case	NOUN
dem-14839	181	17	)	)	PUNCT
dem-14839	181	18	the	the	DET
dem-14839	181	19	best	good	ADJ
dem-14839	181	20	model	model	NOUN
dem-14839	181	21	for	for	ADP
dem-14839	181	22	the	the	DET
dem-14839	181	23	roa	roa	NOUN
dem-14839	181	24	was	be	AUX
dem-14839	181	25	the	the	DET
dem-14839	181	26	one	one	NOUN
dem-14839	181	27	obtained	obtain	VERB
dem-14839	181	28	with	with	ADP
dem-14839	181	29	the	the	DET
dem-14839	181	30	fixed	fix	VERB
dem-14839	181	31	effects	effect	NOUN
dem-14839	181	32	estimator	estimator	NOUN
dem-14839	181	33	,	,	PUNCT
dem-14839	181	34	and	and	CCONJ
dem-14839	181	35	for	for	ADP
dem-14839	181	36	roe	roe	PROPN
dem-14839	181	37	the	the	DET
dem-14839	181	38	pooled	pool	VERB
dem-14839	181	39	ols	ol	NOUN
dem-14839	181	40	(	(	PUNCT
dem-14839	181	41	also	also	ADV
dem-14839	181	42	in	in	ADP
dem-14839	181	43	four	four	NUM
dem-14839	181	44	out	out	ADP
dem-14839	181	45	of	of	ADP
dem-14839	181	46	five	five	NUM
dem-14839	181	47	cases	case	NOUN
dem-14839	181	48	)	)	PUNCT
dem-14839	181	49	.	.	PUNCT
dem-14839	182	1	also	also	ADV
dem-14839	182	2	the	the	DET
dem-14839	182	3	values	value	NOUN
dem-14839	182	4	of	of	ADP
dem-14839	182	5	the	the	DET
dem-14839	182	6	measure	measure	NOUN
dem-14839	182	7	of	of	ADP
dem-14839	182	8	goodness	goodness	NOUN
dem-14839	182	9	of	of	ADP
dem-14839	182	10	fit	fit	ADJ
dem-14839	182	11	(	(	PUNCT
dem-14839	182	12	r	r	NOUN
dem-14839	182	13	-	-	PUNCT
dem-14839	182	14	squared	square	VERB
dem-14839	182	15	)	)	PUNCT
dem-14839	182	16	,	,	PUNCT
dem-14839	182	17	the	the	DET
dem-14839	182	18	values	value	NOUN
dem-14839	182	19	of	of	ADP
dem-14839	182	20	the	the	DET
dem-14839	182	21	durbin	durbin	ADJ
dem-14839	182	22	-	-	PUNCT
dem-14839	182	23	watson	watson	NOUN
dem-14839	182	24	statistic	statistic	PROPN
dem-14839	182	25	(	(	PUNCT
dem-14839	182	26	dw	dw	NOUN
dem-14839	182	27	)	)	PUNCT
dem-14839	182	28	and	and	CCONJ
dem-14839	182	29	the	the	DET
dem-14839	182	30	akaike	akaike	ADJ
dem-14839	182	31	criterion	criterion	NOUN
dem-14839	182	32	are	be	AUX
dem-14839	182	33	presented	present	VERB
dem-14839	182	34	in	in	ADP
dem-14839	182	35	the	the	DET
dem-14839	182	36	tables	table	NOUN
dem-14839	182	37	.	.	PUNCT
dem-14839	183	1	determinants	determinant	NOUN
dem-14839	183	2	of	of	ADP
dem-14839	183	3	corporate	corporate	ADJ
dem-14839	183	4	performance	performance	NOUN
dem-14839	183	5	:	:	PUNCT
dem-14839	183	6	modelling	model	VERB
dem-14839	183	7	approach	approach	NOUN
dem-14839	183	8	dynamic	dynamic	ADJ
dem-14839	183	9	econometric	econometric	ADJ
dem-14839	183	10	models	model	NOUN
dem-14839	183	11	17	17	NUM
dem-14839	183	12	(	(	PUNCT
dem-14839	183	13	2017	2017	NUM
dem-14839	183	14	)	)	PUNCT
dem-14839	183	15	115–127	115–127	NUM
dem-14839	183	16	123	123	NUM
dem-14839	183	17	table	table	NOUN
dem-14839	183	18	4	4	NUM
dem-14839	183	19	.	.	PUNCT
dem-14839	183	20	estimates	estimate	NOUN
dem-14839	183	21	of	of	ADP
dem-14839	183	22	the	the	DET
dem-14839	183	23	model	model	NOUN
dem-14839	183	24	of	of	ADP
dem-14839	183	25	roa	roa	PROPN
dem-14839	183	26	and	and	CCONJ
dem-14839	183	27	statistics	statistic	NOUN
dem-14839	183	28	of	of	ADP
dem-14839	183	29	the	the	DET
dem-14839	183	30	tests	test	NOUN
dem-14839	183	31	for	for	ADP
dem-14839	183	32	companies	company	NOUN
dem-14839	183	33	listed	list	VERB
dem-14839	183	34	on	on	ADP
dem-14839	183	35	wse	wse	NOUN
dem-14839	183	36	in	in	ADP
dem-14839	183	37	2000–2015	2000–2015	NUM
dem-14839	183	38	variable	variable	NOUN
dem-14839	183	39	all	all	DET
dem-14839	183	40	companies	company	NOUN
dem-14839	183	41	large	large	ADJ
dem-14839	183	42	companies	company	NOUN
dem-14839	183	43	medium	medium	ADJ
dem-14839	183	44	companies	company	NOUN
dem-14839	183	45	small	small	ADJ
dem-14839	183	46	companies	company	NOUN
dem-14839	183	47	rest	rest	VERB
dem-14839	183	48	of	of	ADP
dem-14839	183	49	companies	company	NOUN
dem-14839	183	50	fixed	fix	VERB
dem-14839	183	51	effects	effect	NOUN
dem-14839	183	52	fixed	fix	VERB
dem-14839	183	53	effects	effect	NOUN
dem-14839	183	54	fixed	fix	VERB
dem-14839	183	55	effects	effect	NOUN
dem-14839	183	56	random	random	ADJ
dem-14839	183	57	effects	effect	NOUN
dem-14839	183	58	fixed	fix	VERB
dem-14839	183	59	effects	effect	NOUN
dem-14839	183	60	constant	constant	ADJ
dem-14839	183	61	0.1279	0.1279	NUM
dem-14839	183	62	0.2334	0.2334	NUM
dem-14839	183	63	0.0221	0.0221	NUM
dem-14839	183	64	0.1160	0.1160	NUM
dem-14839	183	65	0.1139	0.1139	NUM
dem-14839	183	66	leverage	leverage	NOUN
dem-14839	183	67	–	–	PUNCT
dem-14839	183	68	0.2379	0.2379	NUM
dem-14839	183	69	*	*	NOUN
dem-14839	183	70	*	*	PUNCT
dem-14839	183	71	*	*	PUNCT
dem-14839	183	72	–	–	PUNCT
dem-14839	183	73	0.4011	0.4011	NUM
dem-14839	183	74	*	*	PUNCT
dem-14839	183	75	*	*	PUNCT
dem-14839	183	76	*	*	PUNCT
dem-14839	183	77	–	–	PUNCT
dem-14839	183	78	0.0993	0.0993	NUM
dem-14839	183	79	*	*	PUNCT
dem-14839	183	80	*	*	PUNCT
dem-14839	183	81	–	–	PUNCT
dem-14839	183	82	0.1887	0.1887	NUM
dem-14839	183	83	*	*	PUNCT
dem-14839	183	84	*	*	PUNCT
dem-14839	183	85	*	*	PUNCT
dem-14839	183	86	–	–	PUNCT
dem-14839	183	87	0.2379	0.2379	NUM
dem-14839	183	88	*	*	NOUN
dem-14839	183	89	*	*	PUNCT
dem-14839	183	90	*	*	PUNCT
dem-14839	183	91	growth	growth	NOUN
dem-14839	183	92	0.0000	0.0000	NUM
dem-14839	183	93	0.1051	0.1051	NUM
dem-14839	183	94	*	*	SYM
dem-14839	183	95	–	–	PUNCT
dem-14839	183	96	0.0001	0.0001	NUM
dem-14839	183	97	0.0013	0.0013	NUM
dem-14839	183	98	0.0000	0.0000	NUM
dem-14839	183	99	size	size	NOUN
dem-14839	183	100	–	–	PUNCT
dem-14839	183	101	0.0006	0.0006	NUM
dem-14839	183	102	0.0456	0.0456	NUM
dem-14839	183	103	0.1035	0.1035	NUM
dem-14839	183	104	*	*	PUNCT
dem-14839	183	105	*	*	PUNCT
dem-14839	183	106	*	*	PUNCT
dem-14839	183	107	0.0425	0.0425	NUM
dem-14839	183	108	*	*	PUNCT
dem-14839	183	109	*	*	PUNCT
dem-14839	183	110	*	*	PUNCT
dem-14839	183	111	–	–	PUNCT
dem-14839	183	112	0.0006	0.0006	NUM
dem-14839	183	113	tang	tang	NOUN
dem-14839	183	114	–	–	PUNCT
dem-14839	183	115	0.0159	0.0159	NUM
dem-14839	183	116	–	–	PUNCT
dem-14839	183	117	0.0788	0.0788	NUM
dem-14839	183	118	0.2123	0.2123	NUM
dem-14839	183	119	*	*	PUNCT
dem-14839	183	120	*	*	PUNCT
dem-14839	183	121	*	*	PUNCT
dem-14839	183	122	–	–	PUNCT
dem-14839	183	123	0.0745	0.0745	NUM
dem-14839	183	124	*	*	SYM
dem-14839	183	125	–	–	PUNCT
dem-14839	183	126	0.0140	0.0140	NUM
dem-14839	183	127	joint	joint	ADJ
dem-14839	183	128	significance	significance	NOUN
dem-14839	183	129	test	test	NOUN
dem-14839	183	130	2.2854	2.2854	NUM
dem-14839	183	131	#	#	NOUN
dem-14839	183	132	)	)	PUNCT
dem-14839	183	133	3.6343	3.6343	NUM
dem-14839	183	134	#	#	NOUN
dem-14839	183	135	)	)	PUNCT
dem-14839	183	136	7.3432	7.3432	NUM
dem-14839	183	137	#	#	NOUN
dem-14839	183	138	)	)	PUNCT
dem-14839	183	139	2.7666	2.7666	NUM
dem-14839	183	140	#	#	NOUN
dem-14839	183	141	)	)	PUNCT
dem-14839	183	142	2.0205	2.0205	NUM
dem-14839	183	143	#	#	NOUN
dem-14839	183	144	)	)	PUNCT
dem-14839	183	145	breuschpagan	breuschpagan	VERB
dem-14839	183	146	test	test	NOUN
dem-14839	183	147	56.2668	56.2668	NUM
dem-14839	183	148	#	#	SYM
dem-14839	183	149	)	)	PUNCT
dem-14839	183	150	0.5627	0.5627	NUM
dem-14839	183	151	85.3518	85.3518	NUM
dem-14839	183	152	#	#	NOUN
dem-14839	183	153	)	)	PUNCT
dem-14839	183	154	13.6845	13.6845	NUM
dem-14839	183	155	#	#	NOUN
dem-14839	183	156	)	)	PUNCT
dem-14839	183	157	19.8526	19.8526	NUM
dem-14839	183	158	#	#	NOUN
dem-14839	183	159	)	)	PUNCT
dem-14839	183	160	hausman	hausman	ADJ
dem-14839	183	161	test	test	NOUN
dem-14839	183	162	14.0096	14.0096	NUM
dem-14839	183	163	#	#	NOUN
dem-14839	183	164	)	)	PUNCT
dem-14839	183	165	na	na	ADP
dem-14839	183	166	24.2201	24.2201	NUM
dem-14839	183	167	#	#	NOUN
dem-14839	183	168	)	)	PUNCT
dem-14839	183	169	8.4723	8.4723	NUM
dem-14839	183	170	11.1615	11.1615	NUM
dem-14839	183	171	#	#	NOUN
dem-14839	183	172	)	)	PUNCT
dem-14839	183	173	r	r	NOUN
dem-14839	183	174	squared	square	VERB
dem-14839	183	175	0.9995	0.9995	NUM
dem-14839	183	176	0.4203	0.4203	NUM
dem-14839	183	177	0.4282	0.4282	NUM
dem-14839	183	178	na	na	ADP
dem-14839	183	179	0.9996	0.9996	NUM
dem-14839	183	180	dw	dw	NOUN
dem-14839	183	181	1.4859	1.4859	NUM
dem-14839	183	182	1.7440	1.7440	NUM
dem-14839	183	183	1.5033	1.5033	NUM
dem-14839	183	184	na	na	ADP
dem-14839	183	185	1.4954	1.4954	NUM
dem-14839	183	186	akaike	akaike	ADJ
dem-14839	183	187	crit	crit	NOUN
dem-14839	183	188	.	.	PUNCT
dem-14839	184	1	–	–	PUNCT
dem-14839	184	2	214.2246	214.2246	NUM
dem-14839	184	3	–	–	PUNCT
dem-14839	184	4	104.6516	104.6516	NUM
dem-14839	184	5	–	–	PUNCT
dem-14839	184	6	444.6726	444.6726	NUM
dem-14839	184	7	–	–	PUNCT
dem-14839	184	8	554.2151	554.2151	NUM
dem-14839	184	9	265.8595	265.8595	NUM
dem-14839	184	10	*	*	PUNCT
dem-14839	184	11	)	)	PUNCT
dem-14839	185	1	*	*	PUNCT
dem-14839	185	2	*	*	PUNCT
dem-14839	185	3	)	)	PUNCT
dem-14839	186	1	*	*	PUNCT
dem-14839	186	2	*	*	PUNCT
dem-14839	186	3	*	*	PUNCT
dem-14839	186	4	)	)	PUNCT
dem-14839	186	5	statistically	statistically	ADV
dem-14839	186	6	significant	significant	ADJ
dem-14839	186	7	at	at	ADP
dem-14839	186	8	the	the	DET
dem-14839	186	9	level	level	NOUN
dem-14839	186	10	of	of	ADP
dem-14839	186	11	0.1	0.1	NUM
dem-14839	186	12	,	,	PUNCT
dem-14839	186	13	0.05	0.05	NUM
dem-14839	186	14	and	and	CCONJ
dem-14839	186	15	0.01	0.01	NUM
dem-14839	186	16	respectively	respectively	ADV
dem-14839	186	17	;	;	PUNCT
dem-14839	186	18	#	#	X
dem-14839	186	19	)	)	PUNCT
dem-14839	186	20	the	the	DET
dem-14839	186	21	null	null	ADJ
dem-14839	186	22	hypothesis	hypothesis	NOUN
dem-14839	186	23	is	be	AUX
dem-14839	186	24	rejected	reject	VERB
dem-14839	186	25	at	at	ADP
dem-14839	186	26	0.05	0.05	NUM
dem-14839	186	27	significance	significance	NOUN
dem-14839	186	28	level	level	NOUN
dem-14839	186	29	if	if	SCONJ
dem-14839	186	30	the	the	DET
dem-14839	186	31	roa	roa	NOUN
dem-14839	186	32	ratio	ratio	NOUN
dem-14839	186	33	is	be	AUX
dem-14839	186	34	modelled	model	VERB
dem-14839	186	35	,	,	PUNCT
dem-14839	186	36	in	in	ADP
dem-14839	186	37	all	all	DET
dem-14839	186	38	cases	case	NOUN
dem-14839	186	39	the	the	DET
dem-14839	186	40	leverage	leverage	NOUN
dem-14839	186	41	negatively	negatively	ADV
dem-14839	186	42	influences	influence	VERB
dem-14839	186	43	its	its	PRON
dem-14839	186	44	volatility	volatility	NOUN
dem-14839	186	45	.	.	PUNCT
dem-14839	187	1	as	as	SCONJ
dem-14839	187	2	it	it	PRON
dem-14839	187	3	was	be	AUX
dem-14839	187	4	mentioned	mention	VERB
dem-14839	187	5	such	such	ADJ
dem-14839	187	6	relationship	relationship	NOUN
dem-14839	187	7	is	be	AUX
dem-14839	187	8	in	in	ADP
dem-14839	187	9	line	line	NOUN
dem-14839	187	10	with	with	ADP
dem-14839	187	11	pecking	pecking	NOUN
dem-14839	187	12	order	order	NOUN
dem-14839	187	13	theory	theory	NOUN
dem-14839	187	14	.	.	PUNCT
dem-14839	188	1	it	it	PRON
dem-14839	188	2	is	be	AUX
dem-14839	188	3	interesting	interesting	ADJ
dem-14839	188	4	that	that	SCONJ
dem-14839	188	5	for	for	ADP
dem-14839	188	6	large	large	ADJ
dem-14839	188	7	companies	company	NOUN
dem-14839	188	8	the	the	DET
dem-14839	188	9	growth	growth	NOUN
dem-14839	188	10	of	of	ADP
dem-14839	188	11	the	the	DET
dem-14839	188	12	company	company	NOUN
dem-14839	188	13	positively	positively	ADV
dem-14839	188	14	affects	affect	VERB
dem-14839	188	15	the	the	DET
dem-14839	188	16	roa	roa	PROPN
dem-14839	188	17	ratio	ratio	NOUN
dem-14839	188	18	.	.	PUNCT
dem-14839	189	1	it	it	PRON
dem-14839	189	2	means	mean	VERB
dem-14839	189	3	that	that	SCONJ
dem-14839	189	4	they	they	PRON
dem-14839	189	5	are	be	AUX
dem-14839	189	6	able	able	ADJ
dem-14839	189	7	to	to	PART
dem-14839	189	8	generate	generate	VERB
dem-14839	189	9	profit	profit	NOUN
dem-14839	189	10	from	from	ADP
dem-14839	189	11	investment	investment	NOUN
dem-14839	189	12	,	,	PUNCT
dem-14839	189	13	what	what	PRON
dem-14839	189	14	is	be	AUX
dem-14839	189	15	also	also	ADV
dem-14839	189	16	in	in	ADP
dem-14839	189	17	line	line	NOUN
dem-14839	189	18	with	with	ADP
dem-14839	189	19	pecking	pecking	NOUN
dem-14839	189	20	order	order	NOUN
dem-14839	189	21	theory	theory	NOUN
dem-14839	189	22	.	.	PUNCT
dem-14839	190	1	growth	growth	NOUN
dem-14839	190	2	is	be	AUX
dem-14839	190	3	not	not	PART
dem-14839	190	4	significant	significant	ADJ
dem-14839	190	5	if	if	SCONJ
dem-14839	190	6	the	the	DET
dem-14839	190	7	medium	medium	ADJ
dem-14839	190	8	,	,	PUNCT
dem-14839	190	9	small	small	ADJ
dem-14839	190	10	size	size	NOUN
dem-14839	190	11	companies	company	NOUN
dem-14839	190	12	and	and	CCONJ
dem-14839	190	13	rest	rest	NOUN
dem-14839	190	14	of	of	ADP
dem-14839	190	15	companies	company	NOUN
dem-14839	190	16	are	be	AUX
dem-14839	190	17	analysed	analyse	VERB
dem-14839	190	18	.	.	PUNCT
dem-14839	191	1	for	for	ADP
dem-14839	191	2	the	the	DET
dem-14839	191	3	medium	medium	ADJ
dem-14839	191	4	size	size	NOUN
dem-14839	191	5	companies	company	NOUN
dem-14839	191	6	the	the	DET
dem-14839	191	7	hypothesis	hypothesis	NOUN
dem-14839	191	8	of	of	ADP
dem-14839	191	9	the	the	DET
dem-14839	191	10	negative	negative	ADJ
dem-14839	191	11	relationship	relationship	NOUN
dem-14839	191	12	between	between	ADP
dem-14839	191	13	asset	asset	NOUN
dem-14839	191	14	structure	structure	NOUN
dem-14839	191	15	(	(	PUNCT
dem-14839	191	16	tang	tang	PROPN
dem-14839	191	17	)	)	PUNCT
dem-14839	191	18	and	and	CCONJ
dem-14839	191	19	their	their	PRON
dem-14839	191	20	performance	performance	NOUN
dem-14839	191	21	is	be	AUX
dem-14839	191	22	not	not	PART
dem-14839	191	23	confirmed	confirm	VERB
dem-14839	191	24	.	.	PUNCT
dem-14839	192	1	in	in	ADP
dem-14839	192	2	turn	turn	NOUN
dem-14839	192	3	,	,	PUNCT
dem-14839	192	4	it	it	PRON
dem-14839	192	5	is	be	AUX
dem-14839	192	6	confirmed	confirm	VERB
dem-14839	192	7	in	in	ADP
dem-14839	192	8	the	the	DET
dem-14839	192	9	case	case	NOUN
dem-14839	192	10	of	of	ADP
dem-14839	192	11	small	small	ADJ
dem-14839	192	12	companies	company	NOUN
dem-14839	192	13	.	.	PUNCT
dem-14839	193	1	there	there	PRON
dem-14839	193	2	is	be	VERB
dem-14839	193	3	a	a	DET
dem-14839	193	4	positive	positive	ADJ
dem-14839	193	5	relationship	relationship	NOUN
dem-14839	193	6	between	between	ADP
dem-14839	193	7	the	the	DET
dem-14839	193	8	size	size	NOUN
dem-14839	193	9	of	of	ADP
dem-14839	193	10	the	the	DET
dem-14839	193	11	company	company	NOUN
dem-14839	193	12	(	(	PUNCT
dem-14839	193	13	size	size	NOUN
dem-14839	193	14	)	)	PUNCT
dem-14839	193	15	and	and	CCONJ
dem-14839	193	16	the	the	DET
dem-14839	193	17	company	company	NOUN
dem-14839	193	18	’s	’s	PART
dem-14839	193	19	performance	performance	NOUN
dem-14839	193	20	for	for	ADP
dem-14839	193	21	medium	medium	ADJ
dem-14839	193	22	and	and	CCONJ
dem-14839	193	23	small	small	ADJ
dem-14839	193	24	size	size	NOUN
dem-14839	193	25	companies	company	NOUN
dem-14839	193	26	.	.	PUNCT
dem-14839	194	1	in	in	ADP
dem-14839	194	2	the	the	DET
dem-14839	194	3	case	case	NOUN
dem-14839	194	4	of	of	ADP
dem-14839	194	5	the	the	DET
dem-14839	194	6	rest	rest	NOUN
dem-14839	194	7	of	of	ADP
dem-14839	194	8	companies	company	NOUN
dem-14839	194	9	the	the	DET
dem-14839	194	10	size	size	NOUN
dem-14839	194	11	of	of	ADP
dem-14839	194	12	the	the	DET
dem-14839	194	13	company	company	NOUN
dem-14839	194	14	and	and	CCONJ
dem-14839	194	15	its	its	PRON
dem-14839	194	16	tangibility	tangibility	NOUN
dem-14839	194	17	do	do	AUX
dem-14839	194	18	not	not	PART
dem-14839	194	19	affect	affect	VERB
dem-14839	194	20	their	their	PRON
dem-14839	194	21	performances	performance	NOUN
dem-14839	194	22	.	.	PUNCT
dem-14839	195	1	estimated	estimate	VERB
dem-14839	195	2	models	model	NOUN
dem-14839	195	3	of	of	ADP
dem-14839	195	4	roe	roe	NOUN
dem-14839	195	5	for	for	ADP
dem-14839	195	6	all	all	DET
dem-14839	195	7	companies	company	NOUN
dem-14839	195	8	and	and	CCONJ
dem-14839	195	9	small	small	ADJ
dem-14839	195	10	companies	company	NOUN
dem-14839	195	11	did	do	AUX
dem-14839	195	12	not	not	PART
dem-14839	195	13	point	point	VERB
dem-14839	195	14	out	out	ADP
dem-14839	195	15	any	any	DET
dem-14839	195	16	statistically	statistically	ADV
dem-14839	195	17	significant	significant	ADJ
dem-14839	195	18	relationships	relationship	NOUN
dem-14839	195	19	between	between	ADP
dem-14839	195	20	explanatory	explanatory	ADJ
dem-14839	195	21	and	and	CCONJ
dem-14839	195	22	explained	explain	VERB
dem-14839	195	23	variables	variable	NOUN
dem-14839	195	24	.	.	PUNCT
dem-14839	196	1	for	for	ADP
dem-14839	196	2	the	the	DET
dem-14839	196	3	large	large	ADJ
dem-14839	196	4	,	,	PUNCT
dem-14839	196	5	medium	medium	ADJ
dem-14839	196	6	-	-	PUNCT
dem-14839	196	7	size	size	NOUN
dem-14839	196	8	and	and	CCONJ
dem-14839	196	9	the	the	DET
dem-14839	196	10	small	small	ADJ
dem-14839	196	11	-	-	PUNCT
dem-14839	196	12	size	size	NOUN
dem-14839	196	13	companies	company	NOUN
dem-14839	196	14	the	the	DET
dem-14839	196	15	roe	roe	NOUN
dem-14839	196	16	was	be	AUX
dem-14839	196	17	negatively	negatively	ADV
dem-14839	196	18	influenced	influence	VERB
dem-14839	196	19	by	by	ADP
dem-14839	196	20	the	the	DET
dem-14839	196	21	leverage	leverage	NOUN
dem-14839	196	22	and	and	CCONJ
dem-14839	196	23	positively	positively	ADV
dem-14839	196	24	by	by	ADP
dem-14839	196	25	the	the	DET
dem-14839	196	26	tang	tang	PROPN
dem-14839	196	27	variable	variable	NOUN
dem-14839	196	28	.	.	PUNCT
dem-14839	197	1	asset	asset	NOUN
dem-14839	197	2	structure	structure	NOUN
dem-14839	197	3	(	(	PUNCT
dem-14839	197	4	tang	tang	PROPN
dem-14839	197	5	)	)	PUNCT
dem-14839	197	6	refers	refer	VERB
dem-14839	197	7	to	to	ADP
dem-14839	197	8	a	a	DET
dem-14839	197	9	company	company	NOUN
dem-14839	197	10	’s	’s	PART
dem-14839	197	11	investments	investment	NOUN
dem-14839	197	12	in	in	ADP
dem-14839	197	13	tangible	tangible	ADJ
dem-14839	197	14	assets	asset	NOUN
dem-14839	197	15	.	.	PUNCT
dem-14839	198	1	if	if	SCONJ
dem-14839	198	2	these	these	DET
dem-14839	198	3	investments	investment	NOUN
dem-14839	198	4	are	be	AUX
dem-14839	198	5	effective	effective	ADJ
dem-14839	198	6	,	,	PUNCT
dem-14839	198	7	the	the	DET
dem-14839	198	8	company	company	NOUN
dem-14839	198	9	’s	’s	PART
dem-14839	198	10	performance	performance	NOUN
dem-14839	198	11	improves	improve	VERB
dem-14839	198	12	.	.	PUNCT
dem-14839	199	1	in	in	ADP
dem-14839	199	2	contrary	contrary	ADJ
dem-14839	199	3	to	to	ADP
dem-14839	199	4	previous	previous	ADJ
dem-14839	199	5	relationships	relationship	NOUN
dem-14839	199	6	this	this	DET
dem-14839	199	7	one	one	NOUN
dem-14839	199	8	is	be	AUX
dem-14839	199	9	in	in	ADP
dem-14839	199	10	line	line	NOUN
dem-14839	199	11	with	with	ADP
dem-14839	199	12	trade	trade	NOUN
dem-14839	199	13	-	-	PUNCT
dem-14839	199	14	off	off	ADP
dem-14839	199	15	theory	theory	NOUN
dem-14839	199	16	.	.	PUNCT
dem-14839	200	1	ewa	ewa	PROPN
dem-14839	200	2	majerowska	majerowska	PROPN
dem-14839	200	3	,	,	PUNCT
dem-14839	200	4	magdalena	magdalena	PROPN
dem-14839	200	5	gostkowska	gostkowska	PROPN
dem-14839	200	6	-	-	PUNCT
dem-14839	200	7	drzewicka	drzewicka	NOUN
dem-14839	200	8	dynamic	dynamic	ADJ
dem-14839	200	9	econometric	econometric	ADJ
dem-14839	200	10	models	model	NOUN
dem-14839	200	11	17	17	NUM
dem-14839	200	12	(	(	PUNCT
dem-14839	200	13	2017	2017	NUM
dem-14839	200	14	)	)	PUNCT
dem-14839	200	15	115–127	115–127	NUM
dem-14839	200	16	124	124	NUM
dem-14839	200	17	table	table	NOUN
dem-14839	200	18	5	5	NUM
dem-14839	200	19	.	.	PUNCT
dem-14839	200	20	estimates	estimate	NOUN
dem-14839	200	21	of	of	ADP
dem-14839	200	22	the	the	DET
dem-14839	200	23	model	model	NOUN
dem-14839	200	24	of	of	ADP
dem-14839	200	25	roe	roe	PROPN
dem-14839	200	26	and	and	CCONJ
dem-14839	200	27	statistics	statistic	NOUN
dem-14839	200	28	of	of	ADP
dem-14839	200	29	the	the	DET
dem-14839	200	30	tests	test	NOUN
dem-14839	200	31	for	for	ADP
dem-14839	200	32	companies	company	NOUN
dem-14839	200	33	listed	list	VERB
dem-14839	200	34	on	on	ADP
dem-14839	200	35	wse	wse	NOUN
dem-14839	200	36	in	in	ADP
dem-14839	200	37	2000–2015	2000–2015	NUM
dem-14839	200	38	variable	variable	NOUN
dem-14839	200	39	all	all	DET
dem-14839	200	40	companies	company	NOUN
dem-14839	200	41	large	large	ADJ
dem-14839	200	42	companies	company	NOUN
dem-14839	200	43	medium	medium	ADJ
dem-14839	200	44	companies	company	NOUN
dem-14839	200	45	small	small	ADJ
dem-14839	200	46	companies	company	NOUN
dem-14839	200	47	rest	rest	VERB
dem-14839	200	48	of	of	ADP
dem-14839	200	49	companies	company	NOUN
dem-14839	200	50	pooled	pooled	AUX
dem-14839	200	51	pooled	pool	VERB
dem-14839	200	52	fixed	fix	VERB
dem-14839	200	53	effects	effect	NOUN
dem-14839	200	54	pooled	pooled	AUX
dem-14839	200	55	pooled	pool	VERB
dem-14839	200	56	constant	constant	ADJ
dem-14839	200	57	–	–	PUNCT
dem-14839	200	58	0.9658	0.9658	NUM
dem-14839	200	59	0.1237	0.1237	NUM
dem-14839	200	60	*	*	PUNCT
dem-14839	200	61	0.0699	0.0699	NUM
dem-14839	200	62	1.6421	1.6421	NUM
dem-14839	200	63	–	–	PUNCT
dem-14839	200	64	0.8189	0.8189	NUM
dem-14839	200	65	leverage	leverage	NOUN
dem-14839	200	66	0.0006	0.0006	NUM
dem-14839	200	67	–	–	PUNCT
dem-14839	200	68	0.5718	0.5718	NUM
dem-14839	200	69	*	*	PUNCT
dem-14839	200	70	*	*	PUNCT
dem-14839	200	71	*	*	PUNCT
dem-14839	200	72	–	–	PUNCT
dem-14839	200	73	0.8700	0.8700	NUM
dem-14839	200	74	*	*	PUNCT
dem-14839	200	75	*	*	PUNCT
dem-14839	200	76	*	*	PUNCT
dem-14839	200	77	–	–	PUNCT
dem-14839	200	78	7.0535	7.0535	NUM
dem-14839	200	79	*	*	PUNCT
dem-14839	200	80	*	*	PUNCT
dem-14839	200	81	*	*	PUNCT
dem-14839	200	82	0.0005	0.0005	NUM
dem-14839	200	83	growth	growth	NOUN
dem-14839	200	84	–	–	PUNCT
dem-14839	200	85	0.0000	0.0000	NUM
dem-14839	200	86	0.2200	0.2200	NUM
dem-14839	200	87	*	*	PUNCT
dem-14839	200	88	0.0001	0.0001	NUM
dem-14839	200	89	0.0794	0.0794	NUM
dem-14839	200	90	–	–	PUNCT
dem-14839	200	91	0.0000	0.0000	NUM
dem-14839	200	92	size	size	NOUN
dem-14839	200	93	0.0003	0.0003	NUM
dem-14839	200	94	0.0685	0.0685	NUM
dem-14839	200	95	0.1685	0.1685	NUM
dem-14839	200	96	*	*	SYM
dem-14839	200	97	0.8597	0.8597	NUM
dem-14839	200	98	–	–	PUNCT
dem-14839	200	99	0.0009	0.0009	NUM
dem-14839	200	100	tang	tang	NOUN
dem-14839	200	101	4.3894	4.3894	NUM
dem-14839	200	102	0.4979	0.4979	NUM
dem-14839	200	103	*	*	PUNCT
dem-14839	200	104	*	*	PUNCT
dem-14839	200	105	*	*	PUNCT
dem-14839	201	1	1.0623	1.0623	NUM
dem-14839	201	2	*	*	PUNCT
dem-14839	201	3	*	*	PUNCT
dem-14839	201	4	*	*	PUNCT
dem-14839	201	5	2.0505	2.0505	NUM
dem-14839	201	6	6.1764	6.1764	NUM
dem-14839	201	7	joint	joint	ADJ
dem-14839	201	8	significance	significance	NOUN
dem-14839	201	9	test	test	VERB
dem-14839	201	10	1.0420	1.0420	NUM
dem-14839	201	11	2.3126	2.3126	NUM
dem-14839	201	12	6.0486	6.0486	NUM
dem-14839	201	13	#	#	NOUN
dem-14839	201	14	)	)	PUNCT
dem-14839	201	15	1.3991	1.3991	NUM
dem-14839	201	16	1.0197	1.0197	NUM
dem-14839	201	17	breuschpagan	breuschpagan	VERB
dem-14839	201	18	test	test	VERB
dem-14839	201	19	0.0322	0.0322	NUM
dem-14839	201	20	0.0449	0.0449	NUM
dem-14839	201	21	21.8961	21.8961	NUM
dem-14839	201	22	#	#	NOUN
dem-14839	201	23	)	)	PUNCT
dem-14839	201	24	1.1299	1.1299	NUM
dem-14839	201	25	0.0023	0.0023	NUM
dem-14839	201	26	hausman	hausman	ADJ
dem-14839	201	27	test	test	NOUN
dem-14839	201	28	0.7468	0.7468	NUM
dem-14839	201	29	na	na	PART
dem-14839	201	30	80.6125	80.6125	NUM
dem-14839	201	31	#	#	NOUN
dem-14839	201	32	)	)	PUNCT
dem-14839	201	33	0.3983	0.3983	NUM
dem-14839	202	1	1.0782	1.0782	NUM
dem-14839	202	2	r	r	NOUN
dem-14839	202	3	-	-	PUNCT
dem-14839	202	4	squared	square	VERB
dem-14839	202	5	0.0012	0.0012	NUM
dem-14839	202	6	0.2563	0.2563	NUM
dem-14839	202	7	0.3272	0.3272	NUM
dem-14839	202	8	0.0331	0.0331	NUM
dem-14839	202	9	0.0016	0.0016	NUM
dem-14839	202	10	dw	dw	PROPN
dem-14839	202	11	1.9694	1.9694	NUM
dem-14839	202	12	1.7481	1.7481	NUM
dem-14839	202	13	1.6607	1.6607	NUM
dem-14839	202	14	1.4721	1.4721	NUM
dem-14839	202	15	2.0026	2.0026	NUM
dem-14839	202	16	akaike	akaike	ADJ
dem-14839	202	17	crit	crit	NOUN
dem-14839	202	18	.	.	PUNCT
dem-14839	203	1	13339.5	13339.5	NUM
dem-14839	203	2	–	–	PUNCT
dem-14839	203	3	24.705	24.705	NUM
dem-14839	203	4	231.6411	231.6411	NUM
dem-14839	203	5	2616.291	2616.291	NUM
dem-14839	203	6	7980.600	7980.600	NUM
dem-14839	203	7	*	*	PUNCT
dem-14839	203	8	)	)	PUNCT
dem-14839	204	1	*	*	PUNCT
dem-14839	204	2	*	*	PUNCT
dem-14839	204	3	)	)	PUNCT
dem-14839	205	1	*	*	PUNCT
dem-14839	205	2	*	*	PUNCT
dem-14839	205	3	*	*	PUNCT
dem-14839	205	4	)	)	PUNCT
dem-14839	205	5	statistically	statistically	ADV
dem-14839	205	6	significant	significant	ADJ
dem-14839	205	7	at	at	ADP
dem-14839	205	8	the	the	DET
dem-14839	205	9	level	level	NOUN
dem-14839	205	10	of	of	ADP
dem-14839	205	11	0.1	0.1	NUM
dem-14839	205	12	,	,	PUNCT
dem-14839	205	13	0.05	0.05	NUM
dem-14839	205	14	and	and	CCONJ
dem-14839	205	15	0.01	0.01	NUM
dem-14839	205	16	respectively	respectively	ADV
dem-14839	205	17	;	;	PUNCT
dem-14839	205	18	#	#	X
dem-14839	205	19	)	)	PUNCT
dem-14839	205	20	the	the	DET
dem-14839	205	21	null	null	ADJ
dem-14839	205	22	hypothesis	hypothesis	NOUN
dem-14839	205	23	is	be	AUX
dem-14839	205	24	rejected	reject	VERB
dem-14839	205	25	at	at	ADP
dem-14839	205	26	0.05	0.05	NUM
dem-14839	205	27	significance	significance	NOUN
dem-14839	205	28	level	level	NOUN
dem-14839	205	29	finally	finally	ADV
dem-14839	205	30	,	,	PUNCT
dem-14839	205	31	for	for	ADP
dem-14839	205	32	those	those	DET
dem-14839	205	33	models	model	NOUN
dem-14839	205	34	,	,	PUNCT
dem-14839	205	35	for	for	ADP
dem-14839	205	36	which	which	PRON
dem-14839	205	37	the	the	DET
dem-14839	205	38	fixed	fix	VERB
dem-14839	205	39	effects	effect	NOUN
dem-14839	205	40	estimator	estimator	NOUN
dem-14839	205	41	was	be	AUX
dem-14839	205	42	in	in	ADP
dem-14839	205	43	use	use	NOUN
dem-14839	205	44	,	,	PUNCT
dem-14839	205	45	the	the	DET
dem-14839	205	46	test	test	NOUN
dem-14839	205	47	for	for	ADP
dem-14839	205	48	differing	differ	VERB
dem-14839	205	49	group	group	NOUN
dem-14839	205	50	intercept	intercept	NOUN
dem-14839	205	51	was	be	AUX
dem-14839	205	52	applied	apply	VERB
dem-14839	205	53	.	.	PUNCT
dem-14839	206	1	for	for	ADP
dem-14839	206	2	all	all	DET
dem-14839	206	3	models	model	NOUN
dem-14839	206	4	the	the	DET
dem-14839	206	5	null	null	ADJ
dem-14839	206	6	hypothesis	hypothesis	NOUN
dem-14839	206	7	that	that	PRON
dem-14839	206	8	the	the	DET
dem-14839	206	9	groups	group	NOUN
dem-14839	206	10	have	have	VERB
dem-14839	206	11	the	the	DET
dem-14839	206	12	common	common	ADJ
dem-14839	206	13	intercept	intercept	NOUN
dem-14839	206	14	was	be	AUX
dem-14839	206	15	rejected	reject	VERB
dem-14839	206	16	at	at	ADP
dem-14839	206	17	the	the	DET
dem-14839	206	18	level	level	NOUN
dem-14839	206	19	of	of	ADP
dem-14839	206	20	significance	significance	NOUN
dem-14839	206	21	of	of	ADP
dem-14839	206	22	0.05	0.05	NUM
dem-14839	206	23	.	.	PUNCT
dem-14839	207	1	it	it	PRON
dem-14839	207	2	means	mean	VERB
dem-14839	207	3	that	that	SCONJ
dem-14839	207	4	there	there	PRON
dem-14839	207	5	were	be	VERB
dem-14839	207	6	specific	specific	ADJ
dem-14839	207	7	differences	difference	NOUN
dem-14839	207	8	among	among	ADP
dem-14839	207	9	companies	company	NOUN
dem-14839	207	10	in	in	ADP
dem-14839	207	11	the	the	DET
dem-14839	207	12	level	level	NOUN
dem-14839	207	13	of	of	ADP
dem-14839	207	14	roa	roa	NOUN
dem-14839	207	15	and	and	CCONJ
dem-14839	207	16	roe	roe	PROPN
dem-14839	207	17	.	.	PUNCT
dem-14839	208	1	conclusions	conclusion	NOUN
dem-14839	208	2	on	on	ADP
dem-14839	208	3	the	the	DET
dem-14839	208	4	basis	basis	NOUN
dem-14839	208	5	of	of	ADP
dem-14839	208	6	the	the	DET
dem-14839	208	7	empirical	empirical	ADJ
dem-14839	208	8	analysis	analysis	NOUN
dem-14839	208	9	in	in	ADP
dem-14839	208	10	the	the	DET
dem-14839	208	11	case	case	NOUN
dem-14839	208	12	of	of	ADP
dem-14839	208	13	roa	roa	NOUN
dem-14839	208	14	only	only	ADV
dem-14839	208	15	the	the	DET
dem-14839	208	16	first	first	ADJ
dem-14839	208	17	hypothesis	hypothesis	NOUN
dem-14839	208	18	stated	state	VERB
dem-14839	208	19	in	in	ADP
dem-14839	208	20	the	the	DET
dem-14839	208	21	paper	paper	NOUN
dem-14839	208	22	can	can	AUX
dem-14839	208	23	not	not	PART
dem-14839	208	24	be	be	AUX
dem-14839	208	25	rejected	reject	VERB
dem-14839	208	26	.	.	PUNCT
dem-14839	209	1	the	the	DET
dem-14839	209	2	company	company	NOUN
dem-14839	209	3	’s	’s	PART
dem-14839	209	4	capital	capital	NOUN
dem-14839	209	5	structure	structure	NOUN
dem-14839	209	6	negatively	negatively	ADV
dem-14839	209	7	affects	affect	VERB
dem-14839	209	8	its	its	PRON
dem-14839	209	9	performance	performance	NOUN
dem-14839	209	10	.	.	PUNCT
dem-14839	210	1	the	the	DET
dem-14839	210	2	rest	rest	NOUN
dem-14839	210	3	of	of	ADP
dem-14839	210	4	the	the	DET
dem-14839	210	5	hypotheses	hypothesis	NOUN
dem-14839	210	6	need	need	VERB
dem-14839	210	7	to	to	PART
dem-14839	210	8	be	be	AUX
dem-14839	210	9	rejected	reject	VERB
dem-14839	210	10	,	,	PUNCT
dem-14839	210	11	with	with	ADP
dem-14839	210	12	some	some	DET
dem-14839	210	13	exceptions	exception	NOUN
dem-14839	210	14	.	.	PUNCT
dem-14839	211	1	only	only	ADV
dem-14839	211	2	for	for	ADP
dem-14839	211	3	the	the	DET
dem-14839	211	4	large	large	ADJ
dem-14839	211	5	companies	company	NOUN
dem-14839	211	6	the	the	DET
dem-14839	211	7	second	second	ADJ
dem-14839	211	8	one	one	NOUN
dem-14839	211	9	,	,	PUNCT
dem-14839	211	10	that	that	SCONJ
dem-14839	211	11	the	the	DET
dem-14839	211	12	growth	growth	NOUN
dem-14839	211	13	opportunities	opportunity	NOUN
dem-14839	211	14	lead	lead	VERB
dem-14839	211	15	to	to	ADP
dem-14839	211	16	the	the	DET
dem-14839	211	17	increase	increase	NOUN
dem-14839	211	18	of	of	ADP
dem-14839	211	19	the	the	DET
dem-14839	211	20	company	company	NOUN
dem-14839	211	21	’s	’s	PART
dem-14839	211	22	performance	performance	NOUN
dem-14839	211	23	,	,	PUNCT
dem-14839	211	24	can	can	AUX
dem-14839	211	25	not	not	PART
dem-14839	211	26	be	be	AUX
dem-14839	211	27	rejected	reject	VERB
dem-14839	211	28	.	.	PUNCT
dem-14839	212	1	also	also	ADV
dem-14839	212	2	for	for	ADP
dem-14839	212	3	the	the	DET
dem-14839	212	4	medium	medium	ADJ
dem-14839	212	5	size	size	NOUN
dem-14839	212	6	companies	company	NOUN
dem-14839	212	7	the	the	DET
dem-14839	212	8	third	third	ADJ
dem-14839	212	9	hypothesis	hypothesis	NOUN
dem-14839	212	10	can	can	AUX
dem-14839	212	11	not	not	PART
dem-14839	212	12	be	be	AUX
dem-14839	212	13	rejected	reject	VERB
dem-14839	212	14	.	.	PUNCT
dem-14839	213	1	it	it	PRON
dem-14839	213	2	means	mean	VERB
dem-14839	213	3	the	the	DET
dem-14839	213	4	positive	positive	ADJ
dem-14839	213	5	relationship	relationship	NOUN
dem-14839	213	6	between	between	ADP
dem-14839	213	7	the	the	DET
dem-14839	213	8	size	size	NOUN
dem-14839	213	9	and	and	CCONJ
dem-14839	213	10	the	the	DET
dem-14839	213	11	performance	performance	NOUN
dem-14839	213	12	of	of	ADP
dem-14839	213	13	the	the	DET
dem-14839	213	14	company	company	NOUN
dem-14839	213	15	.	.	PUNCT
dem-14839	214	1	in	in	ADP
dem-14839	214	2	turn	turn	NOUN
dem-14839	214	3	,	,	PUNCT
dem-14839	214	4	the	the	DET
dem-14839	214	5	forth	forth	ADJ
dem-14839	214	6	hypothesis	hypothesis	NOUN
dem-14839	214	7	,	,	PUNCT
dem-14839	214	8	that	that	SCONJ
dem-14839	214	9	a	a	DET
dem-14839	214	10	company	company	NOUN
dem-14839	214	11	’s	’s	PART
dem-14839	214	12	asset	asset	NOUN
dem-14839	214	13	structure	structure	NOUN
dem-14839	214	14	affects	affect	VERB
dem-14839	214	15	its	its	PRON
dem-14839	214	16	performance	performance	NOUN
dem-14839	214	17	negatively	negatively	ADV
dem-14839	214	18	need	need	VERB
dem-14839	214	19	to	to	PART
dem-14839	214	20	be	be	AUX
dem-14839	214	21	rejected	reject	VERB
dem-14839	214	22	.	.	PUNCT
dem-14839	215	1	generally	generally	ADV
dem-14839	215	2	,	,	PUNCT
dem-14839	215	3	these	these	DET
dem-14839	215	4	results	result	NOUN
dem-14839	215	5	are	be	AUX
dem-14839	215	6	rather	rather	ADV
dem-14839	215	7	consistent	consistent	ADJ
dem-14839	215	8	with	with	ADP
dem-14839	215	9	assumptions	assumption	NOUN
dem-14839	215	10	of	of	ADP
dem-14839	215	11	pecking	pecking	NOUN
dem-14839	215	12	order	order	NOUN
dem-14839	215	13	theory	theory	NOUN
dem-14839	215	14	than	than	ADP
dem-14839	215	15	with	with	ADP
dem-14839	215	16	trade	trade	NOUN
dem-14839	215	17	-	-	PUNCT
dem-14839	215	18	off	off	ADP
dem-14839	215	19	theory	theory	NOUN
dem-14839	215	20	.	.	PUNCT
dem-14839	216	1	estimates	estimate	NOUN
dem-14839	216	2	of	of	ADP
dem-14839	216	3	the	the	DET
dem-14839	216	4	model	model	NOUN
dem-14839	216	5	of	of	ADP
dem-14839	216	6	roe	roe	PROPN
dem-14839	216	7	for	for	ADP
dem-14839	216	8	the	the	DET
dem-14839	216	9	full	full	ADJ
dem-14839	216	10	panel	panel	NOUN
dem-14839	216	11	data	datum	NOUN
dem-14839	216	12	and	and	CCONJ
dem-14839	216	13	for	for	ADP
dem-14839	216	14	the	the	DET
dem-14839	216	15	subsample	subsample	NOUN
dem-14839	216	16	of	of	ADP
dem-14839	216	17	the	the	DET
dem-14839	216	18	small	small	ADJ
dem-14839	216	19	companies	company	NOUN
dem-14839	216	20	point	point	VERB
dem-14839	216	21	the	the	DET
dem-14839	216	22	necessity	necessity	NOUN
dem-14839	216	23	of	of	ADP
dem-14839	216	24	rejection	rejection	NOUN
dem-14839	216	25	of	of	ADP
dem-14839	216	26	all	all	DET
dem-14839	216	27	four	four	NUM
dem-14839	216	28	hypotheses	hypothesis	NOUN
dem-14839	216	29	.	.	PUNCT
dem-14839	217	1	in	in	ADP
dem-14839	217	2	the	the	DET
dem-14839	217	3	case	case	NOUN
dem-14839	217	4	of	of	ADP
dem-14839	217	5	the	the	DET
dem-14839	217	6	large	large	ADJ
dem-14839	217	7	,	,	PUNCT
dem-14839	217	8	medium	medium	NOUN
dem-14839	217	9	and	and	CCONJ
dem-14839	217	10	the	the	DET
dem-14839	217	11	small	small	ADJ
dem-14839	217	12	size	size	NOUN
dem-14839	217	13	companies	company	NOUN
dem-14839	217	14	determinants	determinant	NOUN
dem-14839	217	15	of	of	ADP
dem-14839	217	16	corporate	corporate	ADJ
dem-14839	217	17	performance	performance	NOUN
dem-14839	217	18	:	:	PUNCT
dem-14839	217	19	modelling	model	VERB
dem-14839	217	20	approach	approach	NOUN
dem-14839	217	21	dynamic	dynamic	ADJ
dem-14839	217	22	econometric	econometric	ADJ
dem-14839	217	23	models	model	NOUN
dem-14839	217	24	17	17	NUM
dem-14839	217	25	(	(	PUNCT
dem-14839	217	26	2017	2017	NUM
dem-14839	217	27	)	)	PUNCT
dem-14839	217	28	115–127	115–127	NUM
dem-14839	217	29	125	125	NUM
dem-14839	217	30	separately	separately	ADV
dem-14839	217	31	the	the	DET
dem-14839	217	32	first	first	ADJ
dem-14839	217	33	one	one	NOUN
dem-14839	217	34	can	can	AUX
dem-14839	217	35	not	not	PART
dem-14839	217	36	be	be	AUX
dem-14839	217	37	rejected	reject	VERB
dem-14839	217	38	,	,	PUNCT
dem-14839	217	39	so	so	CCONJ
dem-14839	217	40	the	the	DET
dem-14839	217	41	negative	negative	ADJ
dem-14839	217	42	relationship	relationship	NOUN
dem-14839	217	43	between	between	ADP
dem-14839	217	44	the	the	DET
dem-14839	217	45	company	company	NOUN
dem-14839	217	46	’s	’s	PART
dem-14839	217	47	capital	capital	NOUN
dem-14839	217	48	structure	structure	NOUN
dem-14839	217	49	and	and	CCONJ
dem-14839	217	50	its	its	PRON
dem-14839	217	51	performance	performance	NOUN
dem-14839	217	52	is	be	AUX
dem-14839	217	53	found	find	VERB
dem-14839	217	54	.	.	PUNCT
dem-14839	218	1	the	the	DET
dem-14839	218	2	last	last	ADJ
dem-14839	218	3	hypothesis	hypothesis	NOUN
dem-14839	218	4	need	need	VERB
dem-14839	218	5	to	to	PART
dem-14839	218	6	be	be	AUX
dem-14839	218	7	rejected	reject	VERB
dem-14839	218	8	in	in	ADP
dem-14839	218	9	all	all	DET
dem-14839	218	10	cases	case	NOUN
dem-14839	218	11	,	,	PUNCT
dem-14839	218	12	even	even	ADV
dem-14839	218	13	if	if	SCONJ
dem-14839	218	14	for	for	ADP
dem-14839	218	15	the	the	DET
dem-14839	218	16	large	large	ADJ
dem-14839	218	17	companies	company	NOUN
dem-14839	218	18	and	and	CCONJ
dem-14839	218	19	the	the	DET
dem-14839	218	20	medium	medium	ADJ
dem-14839	218	21	ones	one	NOUN
dem-14839	218	22	the	the	DET
dem-14839	218	23	structural	structural	ADJ
dem-14839	218	24	parameters	parameter	NOUN
dem-14839	218	25	were	be	AUX
dem-14839	218	26	statistically	statistically	ADV
dem-14839	218	27	significant	significant	ADJ
dem-14839	218	28	at	at	ADP
dem-14839	218	29	0.05	0.05	NUM
dem-14839	218	30	significance	significance	NOUN
dem-14839	218	31	level	level	NOUN
dem-14839	218	32	.	.	PUNCT
dem-14839	219	1	it	it	PRON
dem-14839	219	2	means	mean	VERB
dem-14839	219	3	no	no	DET
dem-14839	219	4	negative	negative	ADJ
dem-14839	219	5	influence	influence	NOUN
dem-14839	219	6	of	of	ADP
dem-14839	219	7	tangibility	tangibility	NOUN
dem-14839	219	8	on	on	ADP
dem-14839	219	9	performance	performance	NOUN
dem-14839	219	10	.	.	PUNCT
dem-14839	220	1	the	the	DET
dem-14839	220	2	subsample	subsample	NOUN
dem-14839	220	3	,	,	PUNCT
dem-14839	220	4	called	call	VERB
dem-14839	220	5	the	the	DET
dem-14839	220	6	rest	rest	NOUN
dem-14839	220	7	of	of	ADP
dem-14839	220	8	companies	company	NOUN
dem-14839	220	9	,	,	PUNCT
dem-14839	220	10	include	include	VERB
dem-14839	220	11	the	the	DET
dem-14839	220	12	companies	company	NOUN
dem-14839	220	13	of	of	ADP
dem-14839	220	14	different	different	ADJ
dem-14839	220	15	size	size	NOUN
dem-14839	220	16	.	.	PUNCT
dem-14839	221	1	the	the	DET
dem-14839	221	2	results	result	NOUN
dem-14839	221	3	for	for	ADP
dem-14839	221	4	this	this	DET
dem-14839	221	5	group	group	NOUN
dem-14839	221	6	are	be	AUX
dem-14839	221	7	close	close	ADJ
dem-14839	221	8	to	to	ADP
dem-14839	221	9	those	those	PRON
dem-14839	221	10	for	for	ADP
dem-14839	221	11	all	all	DET
dem-14839	221	12	companies	company	NOUN
dem-14839	221	13	,	,	PUNCT
dem-14839	221	14	because	because	SCONJ
dem-14839	221	15	they	they	PRON
dem-14839	221	16	show	show	VERB
dem-14839	221	17	similar	similar	ADJ
dem-14839	221	18	volatilities	volatility	NOUN
dem-14839	221	19	of	of	ADP
dem-14839	221	20	variables	variable	NOUN
dem-14839	221	21	.	.	PUNCT
dem-14839	222	1	both	both	DET
dem-14839	222	2	subsample	subsample	ADJ
dem-14839	222	3	and	and	CCONJ
dem-14839	222	4	the	the	DET
dem-14839	222	5	full	full	ADJ
dem-14839	222	6	sample	sample	NOUN
dem-14839	222	7	include	include	VERB
dem-14839	222	8	large	large	ADJ
dem-14839	222	9	companies	company	NOUN
dem-14839	222	10	.	.	PUNCT
dem-14839	223	1	changes	change	NOUN
dem-14839	223	2	in	in	ADP
dem-14839	223	3	the	the	DET
dem-14839	223	4	size	size	NOUN
dem-14839	223	5	of	of	ADP
dem-14839	223	6	these	these	DET
dem-14839	223	7	companies	company	NOUN
dem-14839	223	8	,	,	PUNCT
dem-14839	223	9	expressed	express	VERB
dem-14839	223	10	in	in	ADP
dem-14839	223	11	total	total	ADJ
dem-14839	223	12	assets	asset	NOUN
dem-14839	223	13	growth	growth	NOUN
dem-14839	223	14	,	,	PUNCT
dem-14839	223	15	are	be	AUX
dem-14839	223	16	relatively	relatively	ADV
dem-14839	223	17	small	small	ADJ
dem-14839	223	18	,	,	PUNCT
dem-14839	223	19	so	so	CCONJ
dem-14839	223	20	the	the	DET
dem-14839	223	21	variable	variable	ADJ
dem-14839	223	22	size	size	NOUN
dem-14839	223	23	is	be	AUX
dem-14839	223	24	irrelevant	irrelevant	ADJ
dem-14839	223	25	.	.	PUNCT
dem-14839	224	1	in	in	ADP
dem-14839	224	2	other	other	ADJ
dem-14839	224	3	words	word	NOUN
dem-14839	224	4	,	,	PUNCT
dem-14839	224	5	this	this	DET
dem-14839	224	6	growth	growth	NOUN
dem-14839	224	7	is	be	AUX
dem-14839	224	8	too	too	ADV
dem-14839	224	9	small	small	ADJ
dem-14839	224	10	to	to	PART
dem-14839	224	11	influence	influence	VERB
dem-14839	224	12	the	the	DET
dem-14839	224	13	value	value	NOUN
dem-14839	224	14	of	of	ADP
dem-14839	224	15	the	the	DET
dem-14839	224	16	explanatory	explanatory	ADJ
dem-14839	224	17	variable	variable	NOUN
dem-14839	224	18	.	.	PUNCT
dem-14839	225	1	however	however	ADV
dem-14839	225	2	,	,	PUNCT
dem-14839	225	3	we	we	PRON
dem-14839	225	4	have	have	VERB
dem-14839	225	5	to	to	PART
dem-14839	225	6	remember	remember	VERB
dem-14839	225	7	that	that	SCONJ
dem-14839	225	8	the	the	DET
dem-14839	225	9	sample	sample	NOUN
dem-14839	225	10	size	size	NOUN
dem-14839	225	11	was	be	AUX
dem-14839	225	12	relatively	relatively	ADV
dem-14839	225	13	small	small	ADJ
dem-14839	225	14	,	,	PUNCT
dem-14839	225	15	especially	especially	ADV
dem-14839	225	16	the	the	DET
dem-14839	225	17	number	number	NOUN
dem-14839	225	18	of	of	ADP
dem-14839	225	19	large	large	ADJ
dem-14839	225	20	companies	company	NOUN
dem-14839	225	21	taken	take	VERB
dem-14839	225	22	into	into	ADP
dem-14839	225	23	account	account	NOUN
dem-14839	225	24	and	and	CCONJ
dem-14839	225	25	the	the	DET
dem-14839	225	26	short	short	ADJ
dem-14839	225	27	time	time	NOUN
dem-14839	225	28	series	series	NOUN
dem-14839	225	29	.	.	PUNCT
dem-14839	226	1	it	it	PRON
dem-14839	226	2	is	be	AUX
dem-14839	226	3	due	due	ADJ
dem-14839	226	4	to	to	ADP
dem-14839	226	5	the	the	DET
dem-14839	226	6	short	short	ADJ
dem-14839	226	7	history	history	NOUN
dem-14839	226	8	of	of	ADP
dem-14839	226	9	the	the	DET
dem-14839	226	10	capital	capital	NOUN
dem-14839	226	11	market	market	NOUN
dem-14839	226	12	in	in	ADP
dem-14839	226	13	poland	poland	PROPN
dem-14839	226	14	and	and	CCONJ
dem-14839	226	15	lack	lack	NOUN
dem-14839	226	16	of	of	ADP
dem-14839	226	17	the	the	DET
dem-14839	226	18	data	datum	NOUN
dem-14839	226	19	.	.	PUNCT
dem-14839	227	1	it	it	PRON
dem-14839	227	2	would	would	AUX
dem-14839	227	3	be	be	AUX
dem-14839	227	4	interesting	interesting	ADJ
dem-14839	227	5	to	to	PART
dem-14839	227	6	extend	extend	VERB
dem-14839	227	7	the	the	DET
dem-14839	227	8	analysis	analysis	NOUN
dem-14839	227	9	and	and	CCONJ
dem-14839	227	10	to	to	PART
dem-14839	227	11	compare	compare	VERB
dem-14839	227	12	results	result	NOUN
dem-14839	227	13	with	with	ADP
dem-14839	227	14	outputs	output	NOUN
dem-14839	227	15	from	from	ADP
dem-14839	227	16	the	the	DET
dem-14839	227	17	other	other	ADJ
dem-14839	227	18	markets	market	NOUN
dem-14839	227	19	.	.	PUNCT
dem-14839	228	1	one	one	NUM
dem-14839	228	2	of	of	ADP
dem-14839	228	3	the	the	DET
dem-14839	228	4	ways	way	NOUN
dem-14839	228	5	could	could	AUX
dem-14839	228	6	be	be	AUX
dem-14839	228	7	to	to	PART
dem-14839	228	8	create	create	VERB
dem-14839	228	9	the	the	DET
dem-14839	228	10	non	non	ADJ
dem-14839	228	11	-	-	ADJ
dem-14839	228	12	balanced	balanced	ADJ
dem-14839	228	13	panel	panel	NOUN
dem-14839	228	14	,	,	PUNCT
dem-14839	228	15	so	so	ADV
dem-14839	228	16	more	more	ADJ
dem-14839	228	17	companies	company	NOUN
dem-14839	228	18	would	would	AUX
dem-14839	228	19	be	be	AUX
dem-14839	228	20	included	include	VERB
dem-14839	228	21	in	in	ADP
dem-14839	228	22	the	the	DET
dem-14839	228	23	sample	sample	NOUN
dem-14839	228	24	.	.	PUNCT
dem-14839	229	1	references	reference	NOUN
dem-14839	229	2	addae	addae	PROPN
dem-14839	229	3	,	,	PUNCT
dem-14839	229	4	a.a	a.a	PROPN
dem-14839	229	5	.	.	PROPN
dem-14839	229	6	,	,	PUNCT
dem-14839	229	7	nyarko	nyarko	NOUN
dem-14839	229	8	-	-	PUNCT
dem-14839	229	9	baasi	baasi	NOUN
dem-14839	229	10	,	,	PUNCT
dem-14839	229	11	m.	m.	NOUN
dem-14839	229	12	,	,	PUNCT
dem-14839	229	13	hughes	hughes	PROPN
dem-14839	229	14	,	,	PUNCT
dem-14839	229	15	d.	d.	PROPN
dem-14839	229	16	(	(	PUNCT
dem-14839	229	17	2013	2013	NUM
dem-14839	229	18	)	)	PUNCT
dem-14839	229	19	,	,	PUNCT
dem-14839	229	20	the	the	DET
dem-14839	229	21	effects	effect	NOUN
dem-14839	229	22	of	of	ADP
dem-14839	229	23	capital	capital	NOUN
dem-14839	229	24	structure	structure	NOUN
dem-14839	229	25	on	on	ADP
dem-14839	229	26	profitability	profitability	NOUN
dem-14839	229	27	of	of	ADP
dem-14839	229	28	listed	list	VERB
dem-14839	229	29	firms	firm	NOUN
dem-14839	229	30	in	in	ADP
dem-14839	229	31	ghana	ghana	PROPN
dem-14839	229	32	,	,	PUNCT
dem-14839	229	33	european	european	PROPN
dem-14839	229	34	journal	journal	PROPN
dem-14839	229	35	of	of	ADP
dem-14839	229	36	business	business	NOUN
dem-14839	229	37	and	and	CCONJ
dem-14839	229	38	management	management	NOUN
dem-14839	229	39	,	,	PUNCT
dem-14839	229	40	5(31	5(31	NUM
dem-14839	229	41	)	)	PUNCT
dem-14839	229	42	,	,	PUNCT
dem-14839	229	43	215–229	215–229	NUM
dem-14839	229	44	.	.	PUNCT
dem-14839	230	1	bandyopadhyay	bandyopadhyay	NOUN
dem-14839	230	2	,	,	PUNCT
dem-14839	230	3	a.	a.	NOUN
dem-14839	230	4	,	,	PUNCT
dem-14839	230	5	barua	barua	PROPN
dem-14839	230	6	,	,	PUNCT
dem-14839	230	7	n.m	n.m	PROPN
dem-14839	230	8	.	.	PROPN
dem-14839	230	9	(	(	PUNCT
dem-14839	230	10	2016	2016	NUM
dem-14839	230	11	)	)	PUNCT
dem-14839	230	12	,	,	PUNCT
dem-14839	230	13	factors	factor	NOUN
dem-14839	230	14	determining	determine	VERB
dem-14839	230	15	capital	capital	NOUN
dem-14839	230	16	structure	structure	NOUN
dem-14839	230	17	and	and	CCONJ
dem-14839	230	18	corporate	corporate	ADJ
dem-14839	230	19	performance	performance	NOUN
dem-14839	230	20	in	in	ADP
dem-14839	230	21	india	india	PROPN
dem-14839	230	22	:	:	PUNCT
dem-14839	230	23	studying	study	VERB
dem-14839	230	24	the	the	DET
dem-14839	230	25	business	business	NOUN
dem-14839	230	26	cycle	cycle	NOUN
dem-14839	230	27	effects	effect	NOUN
dem-14839	230	28	,	,	PUNCT
dem-14839	230	29	the	the	DET
dem-14839	230	30	quarterly	quarterly	ADJ
dem-14839	230	31	review	review	NOUN
dem-14839	230	32	of	of	ADP
dem-14839	230	33	economics	economic	NOUN
dem-14839	230	34	and	and	CCONJ
dem-14839	230	35	finance	finance	NOUN
dem-14839	230	36	,	,	PUNCT
dem-14839	230	37	61	61	NUM
dem-14839	230	38	,	,	PUNCT
dem-14839	230	39	160–172	160–172	NUM
dem-14839	230	40	,	,	PUNCT
dem-14839	230	41	doi	doi	NOUN
dem-14839	230	42	:	:	PUNCT
dem-14839	230	43	https://dx.doi.org/10.1016/j.qref.2016.01.004	https://dx.doi.org/10.1016/j.qref.2016.01.004	PROPN
dem-14839	230	44	.	.	PUNCT
dem-14839	230	45	benerje	benerje	PROPN
dem-14839	230	46	a.	a.	PROPN
dem-14839	230	47	,	,	PUNCT
dem-14839	230	48	de	de	X
dem-14839	230	49	a.	a.	NOUN
dem-14839	230	50	(	(	PUNCT
dem-14839	230	51	2014	2014	NUM
dem-14839	230	52	)	)	PUNCT
dem-14839	230	53	,	,	PUNCT
dem-14839	230	54	determinants	determinant	NOUN
dem-14839	230	55	of	of	ADP
dem-14839	230	56	corporate	corporate	ADJ
dem-14839	230	57	financial	financial	ADJ
dem-14839	230	58	performance	performance	NOUN
dem-14839	230	59	relating	relate	VERB
dem-14839	230	60	to	to	ADP
dem-14839	230	61	capital	capital	NOUN
dem-14839	230	62	structure	structure	NOUN
dem-14839	230	63	decisions	decision	NOUN
dem-14839	230	64	in	in	ADP
dem-14839	230	65	indian	indian	ADJ
dem-14839	230	66	iron	iron	NOUN
dem-14839	230	67	and	and	CCONJ
dem-14839	230	68	steel	steel	NOUN
dem-14839	230	69	industry	industry	NOUN
dem-14839	230	70	:	:	PUNCT
dem-14839	230	71	an	an	DET
dem-14839	230	72	empirical	empirical	ADJ
dem-14839	230	73	study	study	NOUN
dem-14839	230	74	,	,	PUNCT
dem-14839	230	75	paradigm	paradigm	NOUN
dem-14839	230	76	,	,	PUNCT
dem-14839	230	77	18(1	18(1	NUM
dem-14839	230	78	)	)	PUNCT
dem-14839	230	79	,	,	PUNCT
dem-14839	230	80	35–50	35–50	NUM
dem-14839	230	81	,	,	PUNCT
dem-14839	230	82	doi	doi	NOUN
dem-14839	230	83	:	:	PUNCT
dem-14839	230	84	https://dx.doi.org/	https://dx.doi.org/	NOUN
dem-14839	230	85	0.1177/0971890714540365	0.1177/0971890714540365	PROPN
dem-14839	230	86	.	.	PUNCT
dem-14839	231	1	berger	berger	PROPN
dem-14839	231	2	a.n	a.n	PROPN
dem-14839	231	3	.	.	PROPN
dem-14839	231	4	,	,	PUNCT
dem-14839	231	5	bonaccorsi	bonaccorsi	PROPN
dem-14839	231	6	di	di	PROPN
dem-14839	231	7	patti	patti	PROPN
dem-14839	231	8	e.	e.	PROPN
dem-14839	231	9	(	(	PUNCT
dem-14839	231	10	2006	2006	NUM
dem-14839	231	11	)	)	PUNCT
dem-14839	231	12	,	,	PUNCT
dem-14839	231	13	capital	capital	NOUN
dem-14839	231	14	structure	structure	NOUN
dem-14839	231	15	and	and	CCONJ
dem-14839	231	16	firm	firm	ADJ
dem-14839	231	17	performance	performance	NOUN
dem-14839	231	18	:	:	PUNCT
dem-14839	231	19	a	a	DET
dem-14839	231	20	new	new	ADJ
dem-14839	231	21	approach	approach	NOUN
dem-14839	231	22	to	to	ADP
dem-14839	231	23	testing	testing	NOUN
dem-14839	231	24	agency	agency	NOUN
dem-14839	231	25	theory	theory	NOUN
dem-14839	231	26	and	and	CCONJ
dem-14839	231	27	an	an	DET
dem-14839	231	28	application	application	NOUN
dem-14839	231	29	to	to	ADP
dem-14839	231	30	the	the	DET
dem-14839	231	31	banking	banking	NOUN
dem-14839	231	32	industry	industry	NOUN
dem-14839	231	33	,	,	PUNCT
dem-14839	231	34	journal	journal	NOUN
dem-14839	231	35	of	of	ADP
dem-14839	231	36	banking	banking	NOUN
dem-14839	231	37	and	and	CCONJ
dem-14839	231	38	finance	finance	NOUN
dem-14839	231	39	,	,	PUNCT
dem-14839	231	40	30(4	30(4	NUM
dem-14839	231	41	)	)	PUNCT
dem-14839	231	42	,	,	PUNCT
dem-14839	231	43	1065–1102	1065–1102	NUM
dem-14839	231	44	.	.	PUNCT
dem-14839	232	1	cameron	cameron	PROPN
dem-14839	232	2	,	,	PUNCT
dem-14839	232	3	k.s	k.s	PROPN
dem-14839	232	4	.	.	PROPN
dem-14839	232	5	,	,	PUNCT
dem-14839	232	6	whetten	whetten	VERB
dem-14839	232	7	,	,	PUNCT
dem-14839	232	8	d.a	d.a	PROPN
dem-14839	232	9	.	.	PROPN
dem-14839	232	10	(	(	PUNCT
dem-14839	232	11	1983	1983	NUM
dem-14839	232	12	)	)	PUNCT
dem-14839	232	13	,	,	PUNCT
dem-14839	232	14	organizational	organizational	ADJ
dem-14839	232	15	effectiveness	effectiveness	NOUN
dem-14839	232	16	:	:	PUNCT
dem-14839	232	17	one	one	NUM
dem-14839	232	18	model	model	NOUN
dem-14839	232	19	or	or	CCONJ
dem-14839	232	20	several	several	ADJ
dem-14839	232	21	?	?	PUNCT
dem-14839	233	1	in	in	ADP
dem-14839	233	2	k.	k.	PROPN
dem-14839	233	3	s.	s.	PROPN
dem-14839	233	4	cameron	cameron	PROPN
dem-14839	233	5	and	and	CCONJ
dem-14839	233	6	d.a	d.a	PROPN
dem-14839	233	7	.	.	PROPN
dem-14839	233	8	whetten	whetten	PROPN
dem-14839	233	9	(	(	PUNCT
dem-14839	233	10	eds	ed	NOUN
dem-14839	233	11	.	.	PUNCT
dem-14839	233	12	)	)	PUNCT
dem-14839	233	13	,	,	PUNCT
dem-14839	233	14	organizational	organizational	ADJ
dem-14839	233	15	effectiveness	effectiveness	NOUN
dem-14839	233	16	:	:	PUNCT
dem-14839	233	17	a	a	DET
dem-14839	233	18	comparison	comparison	NOUN
dem-14839	233	19	of	of	ADP
dem-14839	233	20	multiplie	multiplie	PROPN
dem-14839	233	21	methods	method	NOUN
dem-14839	233	22	,	,	PUNCT
dem-14839	233	23	new	new	PROPN
dem-14839	233	24	york	york	PROPN
dem-14839	233	25	,	,	PUNCT
dem-14839	233	26	academic	academic	ADJ
dem-14839	233	27	press	press	NOUN
dem-14839	233	28	,	,	PUNCT
dem-14839	233	29	1–24	1–24	PROPN
dem-14839	233	30	.	.	PUNCT
dem-14839	234	1	chakravarthy	chakravarthy	ADJ
dem-14839	234	2	,	,	PUNCT
dem-14839	234	3	b.	b.	PROPN
dem-14839	234	4	s.	s.	PROPN
dem-14839	234	5	(	(	PUNCT
dem-14839	234	6	1986	1986	NUM
dem-14839	234	7	)	)	PUNCT
dem-14839	234	8	,	,	PUNCT
dem-14839	234	9	measuring	measure	VERB
dem-14839	234	10	strategic	strategic	ADJ
dem-14839	234	11	performance	performance	NOUN
dem-14839	234	12	,	,	PUNCT
dem-14839	234	13	strategic	strategic	ADJ
dem-14839	234	14	management	management	NOUN
dem-14839	234	15	journal	journal	NOUN
dem-14839	234	16	,	,	PUNCT
dem-14839	234	17	7	7	NUM
dem-14839	234	18	,	,	PUNCT
dem-14839	234	19	437–58	437–58	PROPN
dem-14839	234	20	.	.	PUNCT
dem-14839	235	1	chen	chen	PROPN
dem-14839	235	2	j.	j.	PROPN
dem-14839	235	3	,	,	PUNCT
dem-14839	235	4	strange	strange	ADJ
dem-14839	235	5	,	,	PUNCT
dem-14839	235	6	r.	r.	PROPN
dem-14839	235	7	(	(	PUNCT
dem-14839	235	8	2005	2005	NUM
dem-14839	235	9	)	)	PUNCT
dem-14839	235	10	,	,	PUNCT
dem-14839	235	11	the	the	DET
dem-14839	235	12	determinants	determinant	NOUN
dem-14839	235	13	of	of	ADP
dem-14839	235	14	capital	capital	NOUN
dem-14839	235	15	structure	structure	NOUN
dem-14839	235	16	:	:	PUNCT
dem-14839	235	17	evidence	evidence	NOUN
dem-14839	235	18	from	from	ADP
dem-14839	235	19	chinese	chinese	ADJ
dem-14839	235	20	listed	list	VERB
dem-14839	235	21	companies	company	NOUN
dem-14839	235	22	,	,	PUNCT
dem-14839	235	23	economic	economic	ADJ
dem-14839	235	24	change	change	NOUN
dem-14839	235	25	and	and	CCONJ
dem-14839	235	26	restructuring	restructuring	NOUN
dem-14839	235	27	,	,	PUNCT
dem-14839	235	28	38	38	NUM
dem-14839	235	29	,	,	PUNCT
dem-14839	235	30	11–35	11–35	NUM
dem-14839	235	31	,	,	PUNCT
dem-14839	235	32	ewa	ewa	PROPN
dem-14839	235	33	majerowska	majerowska	PROPN
dem-14839	235	34	,	,	PUNCT
dem-14839	235	35	magdalena	magdalena	PROPN
dem-14839	235	36	gostkowska	gostkowska	PROPN
dem-14839	235	37	-	-	PUNCT
dem-14839	235	38	drzewicka	drzewicka	NOUN
dem-14839	235	39	dynamic	dynamic	ADJ
dem-14839	235	40	econometric	econometric	ADJ
dem-14839	235	41	models	model	NOUN
dem-14839	235	42	17	17	NUM
dem-14839	235	43	(	(	PUNCT
dem-14839	235	44	2017	2017	NUM
dem-14839	235	45	)	)	PUNCT
dem-14839	235	46	115–127	115–127	NUM
dem-14839	235	47	126	126	NUM
dem-14839	235	48	doi	doi	NOUN
dem-14839	235	49	:	:	PUNCT
dem-14839	235	50	https://dx.doi.org/	https://dx.doi.org/	NOUN
dem-14839	235	51	10.1007	10.1007	NUM
dem-14839	235	52	/	/	SYM
dem-14839	235	53	s10644	s10644	VERB
dem-14839	235	54	-	-	PUNCT
dem-14839	235	55	005	005	NUM
dem-14839	235	56	-	-	PUNCT
dem-14839	235	57	4521	4521	NUM
dem-14839	235	58	-	-	SYM
dem-14839	235	59	7	7	NUM
dem-14839	235	60	.	.	PUNCT
dem-14839	235	61	donaldson	donaldson	PROPN
dem-14839	235	62	,	,	PUNCT
dem-14839	235	63	g.	g.	PROPN
dem-14839	235	64	(	(	PUNCT
dem-14839	235	65	1961	1961	NUM
dem-14839	235	66	)	)	PUNCT
dem-14839	235	67	,	,	PUNCT
dem-14839	235	68	corporate	corporate	ADJ
dem-14839	235	69	debt	debt	NOUN
dem-14839	235	70	capacity	capacity	NOUN
dem-14839	235	71	:	:	PUNCT
dem-14839	235	72	a	a	DET
dem-14839	235	73	study	study	NOUN
dem-14839	235	74	of	of	ADP
dem-14839	235	75	corporate	corporate	ADJ
dem-14839	235	76	debt	debt	NOUN
dem-14839	235	77	policy	policy	NOUN
dem-14839	235	78	and	and	CCONJ
dem-14839	235	79	the	the	DET
dem-14839	235	80	determinants	determinant	NOUN
dem-14839	235	81	of	of	ADP
dem-14839	235	82	corporate	corporate	ADJ
dem-14839	235	83	debt	debt	NOUN
dem-14839	235	84	capacity	capacity	NOUN
dem-14839	235	85	,	,	PUNCT
dem-14839	235	86	division	division	NOUN
dem-14839	235	87	of	of	ADP
dem-14839	235	88	research	research	NOUN
dem-14839	235	89	,	,	PUNCT
dem-14839	235	90	boston	boston	PROPN
dem-14839	235	91	,	,	PUNCT
dem-14839	235	92	harvard	harvard	PROPN
dem-14839	235	93	graduate	graduate	PROPN
dem-14839	235	94	school	school	PROPN
dem-14839	235	95	of	of	ADP
dem-14839	235	96	business	business	PROPN
dem-14839	235	97	administration	administration	PROPN
dem-14839	235	98	.	.	PUNCT
dem-14839	236	1	demsetz	demsetz	PROPN
dem-14839	236	2	,	,	PUNCT
dem-14839	236	3	h.	h.	PROPN
dem-14839	236	4	,	,	PUNCT
dem-14839	236	5	villalonga	villalonga	PROPN
dem-14839	236	6	,	,	PUNCT
dem-14839	236	7	b.	b.	PROPN
dem-14839	236	8	(	(	PUNCT
dem-14839	236	9	2001	2001	NUM
dem-14839	236	10	)	)	PUNCT
dem-14839	236	11	,	,	PUNCT
dem-14839	236	12	ownership	ownership	NOUN
dem-14839	236	13	structure	structure	NOUN
dem-14839	236	14	and	and	CCONJ
dem-14839	236	15	corporate	corporate	ADJ
dem-14839	236	16	performance	performance	NOUN
dem-14839	236	17	,	,	PUNCT
dem-14839	236	18	journal	journal	NOUN
dem-14839	236	19	of	of	ADP
dem-14839	236	20	corporate	corporate	ADJ
dem-14839	236	21	finance	finance	NOUN
dem-14839	236	22	,	,	PUNCT
dem-14839	236	23	7	7	NUM
dem-14839	236	24	,	,	PUNCT
dem-14839	236	25	209–233	209–233	NUM
dem-14839	236	26	.	.	PUNCT
dem-14839	237	1	fama	fama	PROPN
dem-14839	237	2	,	,	PUNCT
dem-14839	237	3	e.	e.	PROPN
dem-14839	237	4	(	(	PUNCT
dem-14839	237	5	1985	1985	NUM
dem-14839	237	6	)	)	PUNCT
dem-14839	237	7	,	,	PUNCT
dem-14839	237	8	what	what	PRON
dem-14839	237	9	’s	’	VERB
dem-14839	237	10	different	different	ADJ
dem-14839	237	11	about	about	ADP
dem-14839	237	12	banks	bank	NOUN
dem-14839	237	13	?	?	PUNCT
dem-14839	237	14	,	,	PUNCT
dem-14839	237	15	journal	journal	NOUN
dem-14839	237	16	of	of	ADP
dem-14839	237	17	monetary	monetary	ADJ
dem-14839	237	18	economics	economic	NOUN
dem-14839	237	19	,	,	PUNCT
dem-14839	237	20	15(1	15(1	NUM
dem-14839	237	21	)	)	PUNCT
dem-14839	237	22	,	,	PUNCT
dem-14839	237	23	29–39	29–39	NUM
dem-14839	237	24	.	.	PUNCT
dem-14839	238	1	gosh	gosh	PROPN
dem-14839	238	2	,	,	PUNCT
dem-14839	238	3	s.	s.	PROPN
dem-14839	238	4	(	(	PUNCT
dem-14839	238	5	2008	2008	NUM
dem-14839	238	6	)	)	PUNCT
dem-14839	238	7	,	,	PUNCT
dem-14839	238	8	leverage	leverage	NOUN
dem-14839	238	9	,	,	PUNCT
dem-14839	238	10	foreign	foreign	ADJ
dem-14839	238	11	borrowing	borrowing	NOUN
dem-14839	238	12	and	and	CCONJ
dem-14839	238	13	corporate	corporate	ADJ
dem-14839	238	14	performance	performance	NOUN
dem-14839	238	15	:	:	PUNCT
dem-14839	238	16	firm	firm	ADJ
dem-14839	238	17	-	-	PUNCT
dem-14839	238	18	level	level	NOUN
dem-14839	238	19	evidence	evidence	NOUN
dem-14839	238	20	for	for	ADP
dem-14839	238	21	india	india	PROPN
dem-14839	238	22	,	,	PUNCT
dem-14839	238	23	applied	apply	VERB
dem-14839	238	24	economics	economic	NOUN
dem-14839	238	25	letters	letter	NOUN
dem-14839	238	26	,	,	PUNCT
dem-14839	238	27	15	15	NUM
dem-14839	238	28	,	,	PUNCT
dem-14839	238	29	607–616	607–616	NUM
dem-14839	238	30	,	,	PUNCT
dem-14839	238	31	doi	doi	NOUN
dem-14839	238	32	:	:	PUNCT
dem-14839	238	33	https://dx.doi.org/	https://dx.doi.org/	PROPN
dem-14839	238	34	10.1080/13504850600722047	10.1080/13504850600722047	NUM
dem-14839	238	35	.	.	PUNCT
dem-14839	239	1	gupta	gupta	PROPN
dem-14839	239	2	,	,	PUNCT
dem-14839	239	3	p.	p.	PROPN
dem-14839	239	4	,	,	PUNCT
dem-14839	239	5	(	(	PUNCT
dem-14839	239	6	2015	2015	NUM
dem-14839	239	7	)	)	PUNCT
dem-14839	239	8	,	,	PUNCT
dem-14839	239	9	an	an	DET
dem-14839	239	10	empirical	empirical	ADJ
dem-14839	239	11	study	study	NOUN
dem-14839	239	12	of	of	ADP
dem-14839	239	13	relationship	relationship	NOUN
dem-14839	239	14	between	between	ADP
dem-14839	239	15	capital	capital	NOUN
dem-14839	239	16	structure	structure	NOUN
dem-14839	239	17	and	and	CCONJ
dem-14839	239	18	profitability	profitability	NOUN
dem-14839	239	19	of	of	ADP
dem-14839	239	20	foreign	foreign	ADJ
dem-14839	239	21	promoters	promoter	NOUN
dem-14839	239	22	holding	hold	VERB
dem-14839	239	23	companies	company	NOUN
dem-14839	239	24	in	in	ADP
dem-14839	239	25	india	india	PROPN
dem-14839	239	26	,	,	PUNCT
dem-14839	239	27	management	management	NOUN
dem-14839	239	28	edge	edge	NOUN
dem-14839	239	29	,	,	PUNCT
dem-14839	239	30	8(1	8(1	NOUN
dem-14839	239	31	)	)	PUNCT
dem-14839	239	32	,	,	PUNCT
dem-14839	239	33	80–91	80–91	NUM
dem-14839	239	34	.	.	PUNCT
dem-14839	240	1	hadlock	hadlock	NOUN
dem-14839	240	2	,	,	PUNCT
dem-14839	240	3	c.	c.	PROPN
dem-14839	240	4	j.	j.	PROPN
dem-14839	240	5	,	,	PUNCT
dem-14839	240	6	james	james	PROPN
dem-14839	240	7	,	,	PUNCT
dem-14839	240	8	c.	c.	PROPN
dem-14839	240	9	m.	m.	NOUN
dem-14839	240	10	(	(	PUNCT
dem-14839	240	11	2002	2002	NUM
dem-14839	240	12	)	)	PUNCT
dem-14839	240	13	,	,	PUNCT
dem-14839	240	14	do	do	AUX
dem-14839	240	15	banks	bank	NOUN
dem-14839	240	16	provide	provide	VERB
dem-14839	240	17	financial	financial	ADJ
dem-14839	240	18	slack	slack	NOUN
dem-14839	240	19	?	?	PUNCT
dem-14839	241	1	journal	journal	NOUN
dem-14839	241	2	of	of	ADP
dem-14839	241	3	finance	finance	NOUN
dem-14839	241	4	,	,	PUNCT
dem-14839	241	5	57	57	NUM
dem-14839	241	6	,	,	PUNCT
dem-14839	241	7	1383–420	1383–420	NOUN
dem-14839	241	8	.	.	PUNCT
dem-14839	242	1	hamrol	hamrol	PROPN
dem-14839	242	2	,	,	PUNCT
dem-14839	242	3	m.	m.	NOUN
dem-14839	242	4	,	,	PUNCT
dem-14839	242	5	sieczko	sieczko	PROPN
dem-14839	242	6	,	,	PUNCT
dem-14839	242	7	j.	j.	PROPN
dem-14839	242	8	(	(	PUNCT
dem-14839	242	9	2006	2006	NUM
dem-14839	242	10	)	)	PUNCT
dem-14839	242	11	,	,	PUNCT
dem-14839	242	12	czynniki	czynniki	PROPN
dem-14839	242	13	kształtujące	kształtujące	PROPN
dem-14839	242	14	strukturę	strukturę	PROPN
dem-14839	242	15	kapitału	kapitału	PROPN
dem-14839	242	16	polskich	polskich	PROPN
dem-14839	242	17	spółek	spółek	PROPN
dem-14839	242	18	giełdowych	giełdowych	PROPN
dem-14839	242	19	,	,	PUNCT
dem-14839	242	20	prace	prace	PROPN
dem-14839	242	21	i	i	PRON
dem-14839	242	22	materiały	materiały	PROPN
dem-14839	242	23	wydziału	wydziału	PROPN
dem-14839	242	24	zarządzania	zarządzania	PROPN
dem-14839	242	25	uniwersytetu	uniwersytetu	PROPN
dem-14839	242	26	gdańskiego	gdańskiego	NOUN
dem-14839	242	27	,	,	PUNCT
dem-14839	242	28	1	1	NUM
dem-14839	242	29	,	,	PUNCT
dem-14839	242	30	127–142	127–142	NUM
dem-14839	242	31	.	.	PUNCT
dem-14839	243	1	harvey	harvey	PROPN
dem-14839	243	2	,	,	PUNCT
dem-14839	243	3	c.	c.	PROPN
dem-14839	243	4	r.	r.	PROPN
dem-14839	243	5	,	,	PUNCT
dem-14839	243	6	lins	lin	NOUN
dem-14839	243	7	,	,	PUNCT
dem-14839	243	8	k.	k.	PROPN
dem-14839	243	9	v.	v.	PROPN
dem-14839	243	10	and	and	CCONJ
dem-14839	243	11	roper	roper	NOUN
dem-14839	243	12	,	,	PUNCT
dem-14839	243	13	a.	a.	PROPN
dem-14839	243	14	h.	h.	PROPN
dem-14839	243	15	(	(	PUNCT
dem-14839	243	16	2001	2001	NUM
dem-14839	243	17	)	)	PUNCT
dem-14839	243	18	,	,	PUNCT
dem-14839	243	19	the	the	DET
dem-14839	243	20	effect	effect	NOUN
dem-14839	243	21	of	of	ADP
dem-14839	243	22	capital	capital	NOUN
dem-14839	243	23	structure	structure	NOUN
dem-14839	243	24	when	when	SCONJ
dem-14839	243	25	expected	expect	VERB
dem-14839	243	26	agency	agency	NOUN
dem-14839	243	27	costs	cost	NOUN
dem-14839	243	28	are	be	AUX
dem-14839	243	29	extreme	extreme	ADJ
dem-14839	243	30	,	,	PUNCT
dem-14839	243	31	nber	nber	PROPN
dem-14839	243	32	working	working	NOUN
dem-14839	243	33	article	article	NOUN
dem-14839	243	34	no	no	INTJ
dem-14839	243	35	.	.	PROPN
dem-14839	243	36	8452	8452	NUM
dem-14839	243	37	,	,	PUNCT
dem-14839	243	38	cambridge	cambridge	PROPN
dem-14839	243	39	,	,	PUNCT
dem-14839	243	40	ma	ma	PROPN
dem-14839	243	41	.	.	PROPN
dem-14839	243	42	hax	hax	PROPN
dem-14839	243	43	,	,	PUNCT
dem-14839	243	44	a.c	a.c	PROPN
dem-14839	243	45	.	.	PROPN
dem-14839	243	46	,	,	PUNCT
dem-14839	243	47	majluf	majluf	PROPN
dem-14839	243	48	,	,	PUNCT
dem-14839	243	49	n.s	n.s	PROPN
dem-14839	243	50	.	.	PROPN
dem-14839	243	51	(	(	PUNCT
dem-14839	243	52	1984	1984	NUM
dem-14839	243	53	)	)	PUNCT
dem-14839	243	54	,	,	PUNCT
dem-14839	243	55	strategic	strategic	ADJ
dem-14839	243	56	management	management	NOUN
dem-14839	243	57	:	:	PUNCT
dem-14839	243	58	an	an	DET
dem-14839	243	59	integrative	integrative	ADJ
dem-14839	243	60	perspective	perspective	NOUN
dem-14839	243	61	,	,	PUNCT
dem-14839	243	62	new	new	PROPN
dem-14839	243	63	york	york	PROPN
dem-14839	243	64	,	,	PUNCT
dem-14839	243	65	prentice	prentice	NOUN
dem-14839	243	66	-	-	PUNCT
dem-14839	243	67	hall	hall	NOUN
dem-14839	243	68	.	.	PUNCT
dem-14839	244	1	hoffer	hoffer	PROPN
dem-14839	244	2	,	,	PUNCT
dem-14839	244	3	c.	c.	PROPN
dem-14839	244	4	w.	w.	PROPN
dem-14839	244	5	,	,	PUNCT
dem-14839	244	6	sandberg	sandberg	PROPN
dem-14839	244	7	,	,	PUNCT
dem-14839	244	8	w.	w.	PROPN
dem-14839	244	9	r.	r.	PROPN
dem-14839	244	10	(	(	PUNCT
dem-14839	244	11	1987	1987	NUM
dem-14839	244	12	)	)	PUNCT
dem-14839	244	13	,	,	PUNCT
dem-14839	244	14	improving	improve	VERB
dem-14839	244	15	new	new	ADJ
dem-14839	244	16	venture	venture	NOUN
dem-14839	244	17	performance	performance	NOUN
dem-14839	244	18	:	:	PUNCT
dem-14839	244	19	some	some	DET
dem-14839	244	20	guidelines	guideline	NOUN
dem-14839	244	21	for	for	ADP
dem-14839	244	22	success	success	NOUN
dem-14839	244	23	,	,	PUNCT
dem-14839	244	24	american	american	ADJ
dem-14839	244	25	journal	journal	PROPN
dem-14839	244	26	of	of	ADP
dem-14839	244	27	small	small	ADJ
dem-14839	244	28	business	business	NOUN
dem-14839	244	29	,	,	PUNCT
dem-14839	244	30	12	12	NUM
dem-14839	244	31	,	,	PUNCT
dem-14839	244	32	11–25	11–25	NUM
dem-14839	244	33	.	.	PUNCT
dem-14839	245	1	igbinosa	igbinosa	PROPN
dem-14839	245	2	,	,	PUNCT
dem-14839	245	3	s.	s.	PROPN
dem-14839	245	4	(	(	PUNCT
dem-14839	245	5	2015	2015	NUM
dem-14839	245	6	)	)	PUNCT
dem-14839	245	7	,	,	PUNCT
dem-14839	245	8	another	another	DET
dem-14839	245	9	look	look	NOUN
dem-14839	245	10	at	at	ADP
dem-14839	245	11	capital	capital	NOUN
dem-14839	245	12	structure	structure	NOUN
dem-14839	245	13	and	and	CCONJ
dem-14839	245	14	corporate	corporate	ADJ
dem-14839	245	15	performance	performance	NOUN
dem-14839	245	16	in	in	ADP
dem-14839	245	17	emerging	emerge	VERB
dem-14839	245	18	markets	market	NOUN
dem-14839	245	19	:	:	PUNCT
dem-14839	245	20	the	the	DET
dem-14839	245	21	case	case	NOUN
dem-14839	245	22	of	of	ADP
dem-14839	245	23	nigeria	nigeria	PROPN
dem-14839	245	24	,	,	PUNCT
dem-14839	245	25	asian	asian	ADJ
dem-14839	245	26	journal	journal	NOUN
dem-14839	245	27	of	of	ADP
dem-14839	245	28	business	business	NOUN
dem-14839	245	29	management	management	NOUN
dem-14839	245	30	,	,	PUNCT
dem-14839	245	31	7(1	7(1	NUM
dem-14839	245	32	)	)	PUNCT
dem-14839	245	33	,	,	PUNCT
dem-14839	245	34	1–12	1–12	PROPN
dem-14839	245	35	.	.	PUNCT
dem-14839	246	1	jensen	jensen	PROPN
dem-14839	246	2	m.c	m.c	PROPN
dem-14839	246	3	.	.	PROPN
dem-14839	246	4	,	,	PUNCT
dem-14839	246	5	meckling	meckle	VERB
dem-14839	246	6	w.h	w.h	PROPN
dem-14839	246	7	.	.	PROPN
dem-14839	246	8	(	(	PUNCT
dem-14839	246	9	1976	1976	NUM
dem-14839	246	10	)	)	PUNCT
dem-14839	246	11	,	,	PUNCT
dem-14839	246	12	the	the	DET
dem-14839	246	13	theory	theory	NOUN
dem-14839	246	14	of	of	ADP
dem-14839	246	15	the	the	DET
dem-14839	246	16	firm	firm	NOUN
dem-14839	246	17	:	:	PUNCT
dem-14839	246	18	managerial	managerial	ADJ
dem-14839	246	19	behavior	behavior	NOUN
dem-14839	246	20	,	,	PUNCT
dem-14839	246	21	agency	agency	NOUN
dem-14839	246	22	costs	cost	NOUN
dem-14839	246	23	and	and	CCONJ
dem-14839	246	24	ownership	ownership	NOUN
dem-14839	246	25	structure	structure	NOUN
dem-14839	246	26	,	,	PUNCT
dem-14839	246	27	journal	journal	NOUN
dem-14839	246	28	of	of	ADP
dem-14839	246	29	financial	financial	ADJ
dem-14839	246	30	economics	economic	NOUN
dem-14839	246	31	,	,	PUNCT
dem-14839	246	32	3(4	3(4	NUM
dem-14839	246	33	)	)	PUNCT
dem-14839	246	34	,	,	PUNCT
dem-14839	246	35	305–360	305–360	NUM
dem-14839	246	36	.	.	PUNCT
dem-14839	246	37	jędrzejczak	jędrzejczak	NOUN
dem-14839	246	38	-	-	PUNCT
dem-14839	246	39	gas	gas	NOUN
dem-14839	246	40	,	,	PUNCT
dem-14839	246	41	j.	j.	PROPN
dem-14839	246	42	,	,	PUNCT
dem-14839	246	43	(	(	PUNCT
dem-14839	246	44	2014	2014	NUM
dem-14839	246	45	)	)	PUNCT
dem-14839	246	46	,	,	PUNCT
dem-14839	246	47	influence	influence	NOUN
dem-14839	246	48	of	of	ADP
dem-14839	246	49	the	the	DET
dem-14839	246	50	selected	select	VERB
dem-14839	246	51	factors	factor	NOUN
dem-14839	246	52	on	on	ADP
dem-14839	246	53	the	the	DET
dem-14839	246	54	capital	capital	NOUN
dem-14839	246	55	structure	structure	NOUN
dem-14839	246	56	of	of	ADP
dem-14839	246	57	enterprises	enterprise	NOUN
dem-14839	246	58	in	in	ADP
dem-14839	246	59	the	the	DET
dem-14839	246	60	construction	construction	NOUN
dem-14839	246	61	industry	industry	NOUN
dem-14839	246	62	,	,	PUNCT
dem-14839	246	63	management	management	NOUN
dem-14839	246	64	,	,	PUNCT
dem-14839	246	65	18(1	18(1	NUM
dem-14839	246	66	)	)	PUNCT
dem-14839	246	67	,	,	PUNCT
dem-14839	246	68	241–254	241–254	NUM
dem-14839	246	69	.	.	PUNCT
dem-14839	247	1	kester	kester	PROPN
dem-14839	247	2	,	,	PUNCT
dem-14839	247	3	w.	w.	PROPN
dem-14839	247	4	c.	c.	PROPN
dem-14839	247	5	(	(	PUNCT
dem-14839	247	6	1986	1986	NUM
dem-14839	247	7	)	)	PUNCT
dem-14839	247	8	,	,	PUNCT
dem-14839	247	9	capital	capital	NOUN
dem-14839	247	10	and	and	CCONJ
dem-14839	247	11	ownership	ownership	NOUN
dem-14839	247	12	structure	structure	NOUN
dem-14839	247	13	:	:	PUNCT
dem-14839	247	14	a	a	DET
dem-14839	247	15	comparison	comparison	NOUN
dem-14839	247	16	of	of	ADP
dem-14839	247	17	united	united	PROPN
dem-14839	247	18	states	states	PROPN
dem-14839	247	19	and	and	CCONJ
dem-14839	247	20	japanese	japanese	ADJ
dem-14839	247	21	manufacturing	manufacturing	NOUN
dem-14839	247	22	corporations	corporation	NOUN
dem-14839	247	23	,	,	PUNCT
dem-14839	247	24	financial	financial	ADJ
dem-14839	247	25	management	management	NOUN
dem-14839	247	26	,	,	PUNCT
dem-14839	247	27	15(1	15(1	NUM
dem-14839	247	28	)	)	PUNCT
dem-14839	247	29	,	,	PUNCT
dem-14839	247	30	5–16	5–16	PROPN
dem-14839	247	31	.	.	PUNCT
dem-14839	248	1	king	king	PROPN
dem-14839	248	2	m.r	m.r	PROPN
dem-14839	248	3	.	.	PROPN
dem-14839	248	4	,	,	PUNCT
dem-14839	248	5	santor	santor	PROPN
dem-14839	248	6	e.	e.	PROPN
dem-14839	248	7	(	(	PUNCT
dem-14839	248	8	2007	2007	NUM
dem-14839	248	9	)	)	PUNCT
dem-14839	248	10	,	,	PUNCT
dem-14839	248	11	family	family	NOUN
dem-14839	248	12	values	value	NOUN
dem-14839	248	13	:	:	PUNCT
dem-14839	248	14	ownership	ownership	NOUN
dem-14839	248	15	structure	structure	NOUN
dem-14839	248	16	,	,	PUNCT
dem-14839	248	17	performance	performance	NOUN
dem-14839	248	18	and	and	CCONJ
dem-14839	248	19	capital	capital	NOUN
dem-14839	248	20	structure	structure	NOUN
dem-14839	248	21	of	of	ADP
dem-14839	248	22	canadian	canadian	ADJ
dem-14839	248	23	firms	firm	NOUN
dem-14839	248	24	,	,	PUNCT
dem-14839	248	25	working	working	NOUN
dem-14839	248	26	paper	paper	NOUN
dem-14839	248	27	,	,	PUNCT
dem-14839	248	28	bank	bank	PROPN
dem-14839	248	29	of	of	ADP
dem-14839	248	30	canada	canada	PROPN
dem-14839	248	31	,	,	PUNCT
dem-14839	248	32	40	40	NUM
dem-14839	248	33	.	.	PUNCT
dem-14839	249	1	lewellen	lewellen	PROPN
dem-14839	249	2	,	,	PUNCT
dem-14839	249	3	w.	w.	PROPN
dem-14839	249	4	g.	g.	PROPN
dem-14839	249	5	,	,	PUNCT
dem-14839	249	6	roden	roden	PROPN
dem-14839	249	7	,	,	PUNCT
dem-14839	249	8	d.	d.	PROPN
dem-14839	249	9	m.	m.	PROPN
dem-14839	249	10	(	(	PUNCT
dem-14839	249	11	1995	1995	NUM
dem-14839	249	12	)	)	PUNCT
dem-14839	249	13	,	,	PUNCT
dem-14839	249	14	corporate	corporate	ADJ
dem-14839	249	15	capital	capital	NOUN
dem-14839	249	16	structure	structure	NOUN
dem-14839	249	17	decisions	decision	NOUN
dem-14839	249	18	:	:	PUNCT
dem-14839	249	19	evidence	evidence	NOUN
dem-14839	249	20	from	from	ADP
dem-14839	249	21	leveraged	leveraged	ADJ
dem-14839	249	22	buyouts	buyout	NOUN
dem-14839	249	23	,	,	PUNCT
dem-14839	249	24	financial	financial	ADJ
dem-14839	249	25	management	management	NOUN
dem-14839	249	26	,	,	PUNCT
dem-14839	249	27	24(2	24(2	NUM
dem-14839	249	28	)	)	PUNCT
dem-14839	249	29	,	,	PUNCT
dem-14839	250	1	76–87	76–87	NUM
dem-14839	250	2	.	.	PUNCT
dem-14839	251	1	majumdar	majumdar	PROPN
dem-14839	251	2	s.k	s.k	PROPN
dem-14839	251	3	.	.	PROPN
dem-14839	251	4	,	,	PUNCT
dem-14839	251	5	chhibber	chhibber	NOUN
dem-14839	251	6	p.	p.	NOUN
dem-14839	251	7	(	(	PUNCT
dem-14839	251	8	1999	1999	NUM
dem-14839	251	9	)	)	PUNCT
dem-14839	251	10	,	,	PUNCT
dem-14839	251	11	capital	capital	NOUN
dem-14839	251	12	structure	structure	NOUN
dem-14839	251	13	and	and	CCONJ
dem-14839	251	14	performance	performance	NOUN
dem-14839	251	15	:	:	PUNCT
dem-14839	251	16	evidence	evidence	NOUN
dem-14839	251	17	from	from	ADP
dem-14839	251	18	a	a	DET
dem-14839	251	19	transition	transition	NOUN
dem-14839	251	20	economy	economy	NOUN
dem-14839	251	21	on	on	ADP
dem-14839	251	22	an	an	DET
dem-14839	251	23	aspect	aspect	NOUN
dem-14839	251	24	of	of	ADP
dem-14839	251	25	corporate	corporate	ADJ
dem-14839	251	26	governance	governance	NOUN
dem-14839	251	27	,	,	PUNCT
dem-14839	251	28	public	public	ADJ
dem-14839	251	29	choice	choice	NOUN
dem-14839	251	30	,	,	PUNCT
dem-14839	251	31	98	98	NUM
dem-14839	251	32	,	,	PUNCT
dem-14839	251	33	287–305	287–305	NUM
dem-14839	251	34	.	.	PUNCT
dem-14839	252	1	margaritis	margaritis	PROPN
dem-14839	252	2	,	,	PUNCT
dem-14839	252	3	d.	d.	PROPN
dem-14839	252	4	,	,	PUNCT
dem-14839	252	5	psillaki	psillaki	PROPN
dem-14839	252	6	,	,	PUNCT
dem-14839	252	7	p.	p.	NOUN
dem-14839	252	8	(	(	PUNCT
dem-14839	252	9	2010),capital	2010),capital	NUM
dem-14839	252	10	structure	structure	NOUN
dem-14839	252	11	,	,	PUNCT
dem-14839	252	12	equity	equity	NOUN
dem-14839	252	13	ownership	ownership	NOUN
dem-14839	252	14	and	and	CCONJ
dem-14839	252	15	firm	firm	ADJ
dem-14839	252	16	performance	performance	NOUN
dem-14839	252	17	,	,	PUNCT
dem-14839	252	18	journal	journal	NOUN
dem-14839	252	19	of	of	ADP
dem-14839	252	20	banking	banking	NOUN
dem-14839	252	21	&	&	CCONJ
dem-14839	252	22	finance	finance	PROPN
dem-14839	252	23	,	,	PUNCT
dem-14839	252	24	34	34	NUM
dem-14839	252	25	,	,	PUNCT
dem-14839	252	26	621	621	NUM
dem-14839	252	27	–	–	PUNCT
dem-14839	252	28	632	632	NUM
dem-14839	252	29	,	,	PUNCT
dem-14839	252	30	doi	doi	NOUN
dem-14839	252	31	:	:	PUNCT
dem-14839	252	32	https://dx.doi.org/	https://dx.doi.org/	NOUN
dem-14839	252	33	10.1016	10.1016	NUM
dem-14839	252	34	/	/	SYM
dem-14839	252	35	j.jbankfin.2009.08.023	j.jbankfin.2009.08.023	PROPN
dem-14839	252	36	.	.	PUNCT
dem-14839	253	1	myers	myers	PROPN
dem-14839	253	2	s.c	s.c	PROPN
dem-14839	253	3	.	.	PROPN
dem-14839	254	1	(	(	PUNCT
dem-14839	254	2	1977	1977	NUM
dem-14839	254	3	)	)	PUNCT
dem-14839	254	4	,	,	PUNCT
dem-14839	254	5	determinants	determinant	NOUN
dem-14839	254	6	of	of	ADP
dem-14839	254	7	corporate	corporate	ADJ
dem-14839	254	8	borrowing	borrowing	NOUN
dem-14839	254	9	,	,	PUNCT
dem-14839	254	10	journal	journal	NOUN
dem-14839	254	11	of	of	ADP
dem-14839	254	12	financial	financial	ADJ
dem-14839	254	13	economics	economic	NOUN
dem-14839	254	14	,	,	PUNCT
dem-14839	254	15	5(2	5(2	NUM
dem-14839	254	16	)	)	PUNCT
dem-14839	254	17	,	,	PUNCT
dem-14839	255	1	147–175	147–175	NUM
dem-14839	255	2	.	.	PUNCT
dem-14839	256	1	myers	myers	PROPN
dem-14839	256	2	s.c	s.c	PROPN
dem-14839	256	3	.	.	PROPN
dem-14839	256	4	(	(	PUNCT
dem-14839	256	5	1984	1984	NUM
dem-14839	256	6	)	)	PUNCT
dem-14839	256	7	,	,	PUNCT
dem-14839	256	8	the	the	DET
dem-14839	256	9	capital	capital	NOUN
dem-14839	256	10	structure	structure	NOUN
dem-14839	256	11	puzzle	puzzle	NOUN
dem-14839	256	12	,	,	PUNCT
dem-14839	256	13	journal	journal	NOUN
dem-14839	256	14	of	of	ADP
dem-14839	256	15	finance	finance	NOUN
dem-14839	256	16	,	,	PUNCT
dem-14839	256	17	vol	vol	NOUN
dem-14839	256	18	.	.	PROPN
dem-14839	256	19	39	39	NUM
dem-14839	256	20	,	,	PUNCT
dem-14839	256	21	no	no	INTJ
dem-14839	256	22	.	.	NOUN
dem-14839	256	23	3	3	NUM
dem-14839	256	24	,	,	PUNCT
dem-14839	256	25	575–592	575–592	NUM
dem-14839	256	26	.	.	PUNCT
dem-14839	257	1	myers	myers	PROPN
dem-14839	257	2	,	,	PUNCT
dem-14839	257	3	s.c	s.c	PROPN
dem-14839	257	4	.	.	PROPN
dem-14839	257	5	,	,	PUNCT
dem-14839	257	6	majluf	majluf	PROPN
dem-14839	257	7	n.s	n.s	PROPN
dem-14839	257	8	.	.	PROPN
dem-14839	257	9	(	(	PUNCT
dem-14839	257	10	1984	1984	NUM
dem-14839	257	11	)	)	PUNCT
dem-14839	257	12	,	,	PUNCT
dem-14839	257	13	corporate	corporate	ADJ
dem-14839	257	14	financing	financing	NOUN
dem-14839	257	15	and	and	CCONJ
dem-14839	257	16	investment	investment	NOUN
dem-14839	257	17	decisions	decision	NOUN
dem-14839	257	18	when	when	SCONJ
dem-14839	257	19	firms	firm	NOUN
dem-14839	257	20	have	have	VERB
dem-14839	257	21	information	information	NOUN
dem-14839	257	22	that	that	SCONJ
dem-14839	257	23	investors	investor	NOUN
dem-14839	257	24	do	do	AUX
dem-14839	257	25	not	not	PART
dem-14839	257	26	have	have	VERB
dem-14839	257	27	,	,	PUNCT
dem-14839	257	28	journal	journal	NOUN
dem-14839	257	29	of	of	ADP
dem-14839	257	30	financial	financial	ADJ
dem-14839	257	31	economics	economic	NOUN
dem-14839	257	32	,	,	PUNCT
dem-14839	257	33	13(2	13(2	PROPN
dem-14839	257	34	)	)	PUNCT
dem-14839	257	35	,	,	PUNCT
dem-14839	257	36	187–222	187–222	NUM
dem-14839	257	37	.	.	PUNCT
dem-14839	258	1	determinants	determinant	NOUN
dem-14839	258	2	of	of	ADP
dem-14839	258	3	corporate	corporate	ADJ
dem-14839	258	4	performance	performance	NOUN
dem-14839	258	5	:	:	PUNCT
dem-14839	258	6	modelling	model	VERB
dem-14839	258	7	approach	approach	NOUN
dem-14839	258	8	dynamic	dynamic	ADJ
dem-14839	258	9	econometric	econometric	ADJ
dem-14839	258	10	models	model	NOUN
dem-14839	258	11	17	17	NUM
dem-14839	258	12	(	(	PUNCT
dem-14839	258	13	2017	2017	NUM
dem-14839	258	14	)	)	PUNCT
dem-14839	259	1	115–127	115–127	NUM
dem-14839	259	2	127	127	NUM
dem-14839	259	3	nawaz	nawaz	NOUN
dem-14839	259	4	,	,	PUNCT
dem-14839	259	5	a.	a.	PROPN
dem-14839	259	6	,	,	PUNCT
dem-14839	259	7	ali	ali	PROPN
dem-14839	259	8	,	,	PUNCT
dem-14839	259	9	r.	r.	PROPN
dem-14839	259	10	,	,	PUNCT
dem-14839	259	11	naseem	naseem	PROPN
dem-14839	259	12	m.a	m.a	PROPN
dem-14839	259	13	.	.	PROPN
dem-14839	259	14	(	(	PUNCT
dem-14839	259	15	2011	2011	NUM
dem-14839	259	16	)	)	PUNCT
dem-14839	259	17	,	,	PUNCT
dem-14839	259	18	relationship	relationship	NOUN
dem-14839	259	19	between	between	ADP
dem-14839	259	20	capital	capital	NOUN
dem-14839	259	21	structure	structure	NOUN
dem-14839	259	22	and	and	CCONJ
dem-14839	259	23	firms	firm	NOUN
dem-14839	259	24	performance	performance	NOUN
dem-14839	259	25	:	:	PUNCT
dem-14839	259	26	a	a	DET
dem-14839	259	27	case	case	NOUN
dem-14839	259	28	of	of	ADP
dem-14839	259	29	textile	textile	ADJ
dem-14839	259	30	sector	sector	NOUN
dem-14839	259	31	in	in	ADP
dem-14839	259	32	pakistan	pakistan	PROPN
dem-14839	259	33	,	,	PUNCT
dem-14839	259	34	global	global	ADJ
dem-14839	259	35	business	business	NOUN
dem-14839	259	36	and	and	CCONJ
dem-14839	259	37	management	management	NOUN
dem-14839	259	38	research	research	NOUN
dem-14839	259	39	:	:	PUNCT
dem-14839	259	40	an	an	DET
dem-14839	259	41	international	international	ADJ
dem-14839	259	42	journal	journal	NOUN
dem-14839	259	43	,	,	PUNCT
dem-14839	259	44	3(4	3(4	NUM
dem-14839	259	45	)	)	PUNCT
dem-14839	259	46	,	,	PUNCT
dem-14839	259	47	270–275	270–275	NUM
dem-14839	259	48	.	.	PUNCT
dem-14839	260	1	rajan	rajan	PROPN
dem-14839	260	2	,	,	PUNCT
dem-14839	260	3	r.g	r.g	PROPN
dem-14839	260	4	.	.	PROPN
dem-14839	260	5	,	,	PUNCT
dem-14839	260	6	zingales	zingales	PROPN
dem-14839	260	7	,	,	PUNCT
dem-14839	260	8	l.	l.	PROPN
dem-14839	260	9	(	(	PUNCT
dem-14839	260	10	1995	1995	NUM
dem-14839	260	11	)	)	PUNCT
dem-14839	260	12	,	,	PUNCT
dem-14839	260	13	what	what	PRON
dem-14839	260	14	do	do	AUX
dem-14839	260	15	we	we	PRON
dem-14839	260	16	know	know	VERB
dem-14839	260	17	about	about	ADP
dem-14839	260	18	capital	capital	NOUN
dem-14839	260	19	structure	structure	NOUN
dem-14839	260	20	?	?	PUNCT
dem-14839	261	1	some	some	DET
dem-14839	261	2	evidence	evidence	NOUN
dem-14839	261	3	from	from	ADP
dem-14839	261	4	international	international	ADJ
dem-14839	261	5	data	datum	NOUN
dem-14839	261	6	,	,	PUNCT
dem-14839	261	7	the	the	DET
dem-14839	261	8	journal	journal	NOUN
dem-14839	261	9	of	of	ADP
dem-14839	261	10	finance	finance	NOUN
dem-14839	261	11	,	,	PUNCT
dem-14839	261	12	50(5	50(5	NUM
dem-14839	261	13	)	)	PUNCT
dem-14839	261	14	,	,	PUNCT
dem-14839	261	15	1421–1460	1421–1460	NUM
dem-14839	261	16	.	.	PUNCT
dem-14839	262	1	ross	ross	PROPN
dem-14839	262	2	,	,	PUNCT
dem-14839	262	3	s.	s.	PROPN
dem-14839	262	4	(	(	PUNCT
dem-14839	262	5	1977	1977	NUM
dem-14839	262	6	)	)	PUNCT
dem-14839	262	7	,	,	PUNCT
dem-14839	262	8	the	the	DET
dem-14839	262	9	determination	determination	NOUN
dem-14839	262	10	of	of	ADP
dem-14839	262	11	financial	financial	ADJ
dem-14839	262	12	structures	structure	NOUN
dem-14839	262	13	:	:	PUNCT
dem-14839	262	14	an	an	DET
dem-14839	262	15	incentive	incentive	NOUN
dem-14839	262	16	signalling	signal	VERB
dem-14839	262	17	approach	approach	NOUN
dem-14839	262	18	,	,	PUNCT
dem-14839	262	19	bell	bell	PROPN
dem-14839	262	20	journal	journal	NOUN
dem-14839	262	21	of	of	ADP
dem-14839	262	22	economics	economic	NOUN
dem-14839	262	23	,	,	PUNCT
dem-14839	262	24	8	8	NUM
dem-14839	262	25	,	,	PUNCT
dem-14839	262	26	23–40	23–40	NUM
dem-14839	262	27	.	.	PUNCT
dem-14839	262	28	santos	santos	PROPN
dem-14839	262	29	,	,	PUNCT
dem-14839	262	30	j.	j.	PROPN
dem-14839	262	31	b.	b.	PROPN
dem-14839	262	32	,	,	PUNCT
dem-14839	262	33	brito	brito	PROPN
dem-14839	262	34	,	,	PUNCT
dem-14839	262	35	l.a.l	l.a.l	PROPN
dem-14839	262	36	.	.	PUNCT
dem-14839	262	37	(	(	PUNCT
dem-14839	262	38	2012	2012	NUM
dem-14839	262	39	)	)	PUNCT
dem-14839	262	40	,	,	PUNCT
dem-14839	262	41	toward	toward	ADP
dem-14839	262	42	a	a	DET
dem-14839	262	43	subjective	subjective	ADJ
dem-14839	262	44	measurement	measurement	NOUN
dem-14839	262	45	model	model	NOUN
dem-14839	262	46	for	for	ADP
dem-14839	262	47	firm	firm	ADJ
dem-14839	262	48	performance	performance	NOUN
dem-14839	262	49	,	,	PUNCT
dem-14839	262	50	brazilian	brazilian	ADJ
dem-14839	262	51	administration	administration	PROPN
dem-14839	262	52	review	review	PROPN
dem-14839	262	53	,	,	PUNCT
dem-14839	262	54	9	9	NUM
dem-14839	262	55	,	,	PUNCT
dem-14839	262	56	95–117	95–117	NUM
dem-14839	262	57	.	.	PUNCT
dem-14839	263	1	van	van	PROPN
dem-14839	263	2	essen	essen	PROPN
dem-14839	263	3	,	,	PUNCT
dem-14839	263	4	m.	m.	NOUN
dem-14839	263	5	,	,	PUNCT
dem-14839	263	6	carney	carney	NOUN
dem-14839	263	7	,	,	PUNCT
dem-14839	263	8	m.	m.	NOUN
dem-14839	263	9	,	,	PUNCT
dem-14839	263	10	gedajlovic	gedajlovic	PROPN
dem-14839	263	11	,	,	PUNCT
dem-14839	263	12	e.r	e.r	PROPN
dem-14839	263	13	.	.	PROPN
dem-14839	263	14	,	,	PUNCT
dem-14839	263	15	heugens	heugens	PROPN
dem-14839	263	16	,	,	PUNCT
dem-14839	263	17	p.p.m.a.r	p.p.m.a.r	NOUN
dem-14839	263	18	.	.	PUNCT
dem-14839	263	19	(	(	PUNCT
dem-14839	263	20	2015	2015	NUM
dem-14839	263	21	)	)	PUNCT
dem-14839	263	22	,	,	PUNCT
dem-14839	263	23	how	how	SCONJ
dem-14839	263	24	does	do	AUX
dem-14839	263	25	family	family	NOUN
dem-14839	263	26	control	control	NOUN
dem-14839	263	27	influence	influence	NOUN
dem-14839	263	28	firm	firm	ADJ
dem-14839	263	29	strategy	strategy	NOUN
dem-14839	263	30	and	and	CCONJ
dem-14839	263	31	performance	performance	NOUN
dem-14839	263	32	?	?	PUNCT
dem-14839	264	1	a	a	DET
dem-14839	264	2	meta	meta	ADJ
dem-14839	264	3	-	-	PUNCT
dem-14839	264	4	analysis	analysis	NOUN
dem-14839	264	5	of	of	ADP
dem-14839	264	6	us	we	PRON
dem-14839	264	7	publicly	publicly	ADV
dem-14839	264	8	listed	list	VERB
dem-14839	264	9	firms	firm	NOUN
dem-14839	264	10	,	,	PUNCT
dem-14839	264	11	corporate	corporate	ADJ
dem-14839	264	12	governance	governance	NOUN
dem-14839	264	13	:	:	PUNCT
dem-14839	264	14	an	an	DET
dem-14839	264	15	international	international	ADJ
dem-14839	264	16	review	review	NOUN
dem-14839	264	17	,	,	PUNCT
dem-14839	264	18	23(1	23(1	NUM
dem-14839	264	19	)	)	PUNCT
dem-14839	264	20	,	,	PUNCT
dem-14839	264	21	3–24	3–24	PROPN
dem-14839	264	22	.	.	PUNCT
dem-14839	265	1	venkatraman	venkatraman	PROPN
dem-14839	265	2	,	,	PUNCT
dem-14839	265	3	n.	n.	NOUN
dem-14839	265	4	,	,	PUNCT
dem-14839	265	5	ramanujam	ramanujam	NOUN
dem-14839	265	6	,	,	PUNCT
dem-14839	265	7	v.	v.	PROPN
dem-14839	265	8	(	(	PUNCT
dem-14839	265	9	1986	1986	NUM
dem-14839	265	10	)	)	PUNCT
dem-14839	265	11	,	,	PUNCT
dem-14839	265	12	measurement	measurement	NOUN
dem-14839	265	13	of	of	ADP
dem-14839	265	14	business	business	NOUN
dem-14839	265	15	performance	performance	NOUN
dem-14839	265	16	in	in	ADP
dem-14839	265	17	strategy	strategy	NOUN
dem-14839	265	18	research	research	NOUN
dem-14839	265	19	:	:	PUNCT
dem-14839	265	20	a	a	DET
dem-14839	265	21	comparison	comparison	NOUN
dem-14839	265	22	of	of	ADP
dem-14839	265	23	approaches	approach	NOUN
dem-14839	265	24	,	,	PUNCT
dem-14839	265	25	academy	academy	NOUN
dem-14839	265	26	of	of	ADP
dem-14839	265	27	management	management	PROPN
dem-14839	265	28	review	review	PROPN
dem-14839	265	29	,	,	PUNCT
dem-14839	265	30	1(4	1(4	NUM
dem-14839	265	31	)	)	PUNCT
dem-14839	265	32	,	,	PUNCT
dem-14839	265	33	801–814	801–814	NUM
dem-14839	265	34	.	.	PUNCT
dem-14839	266	1	wagner	wagner	PROPN
dem-14839	266	2	,	,	PUNCT
dem-14839	266	3	j.	j.	PROPN
dem-14839	266	4	(	(	PUNCT
dem-14839	266	5	1995	1995	NUM
dem-14839	266	6	)	)	PUNCT
dem-14839	266	7	,	,	PUNCT
dem-14839	266	8	exports	export	NOUN
dem-14839	266	9	,	,	PUNCT
dem-14839	266	10	firm	firm	ADJ
dem-14839	266	11	size	size	NOUN
dem-14839	266	12	,	,	PUNCT
dem-14839	266	13	and	and	CCONJ
dem-14839	266	14	firm	firm	ADJ
dem-14839	266	15	dynamics	dynamic	NOUN
dem-14839	266	16	,	,	PUNCT
dem-14839	266	17	small	small	ADJ
dem-14839	266	18	business	business	NOUN
dem-14839	266	19	economics,7(1	economics,7(1	PROPN
dem-14839	266	20	)	)	PUNCT
dem-14839	266	21	,	,	PUNCT
dem-14839	266	22	29–39	29–39	NUM
dem-14839	266	23	.	.	PUNCT
dem-14839	267	1	wilimowska	wilimowska	PROPN
dem-14839	267	2	,	,	PUNCT
dem-14839	267	3	z.	z.	PROPN
dem-14839	267	4	,	,	PUNCT
dem-14839	267	5	wilimowski	wilimowski	ADJ
dem-14839	267	6	,	,	PUNCT
dem-14839	267	7	m.	m.	NOUN
dem-14839	267	8	(	(	PUNCT
dem-14839	267	9	2010	2010	NUM
dem-14839	267	10	)	)	PUNCT
dem-14839	267	11	,	,	PUNCT
dem-14839	267	12	wpływ	wpływ	PROPN
dem-14839	267	13	czynników	czynników	PROPN
dem-14839	267	14	mikroekonomicznych	mikroekonomicznych	VERB
dem-14839	267	15	na	na	ADP
dem-14839	267	16	zarządzanie	zarządzanie	PROPN
dem-14839	267	17	strukturą	strukturą	PROPN
dem-14839	267	18	kapitałową	kapitałową	PROPN
dem-14839	267	19	polskich	polskich	PROPN
dem-14839	267	20	przedsiębiorstw	przedsiębiorstw	PROPN
dem-14839	267	21	,	,	PUNCT
dem-14839	267	22	in	in	ADP
dem-14839	267	23	r.	r.	PROPN
dem-14839	267	24	knosala	knosala	PROPN
dem-14839	267	25	(	(	PUNCT
dem-14839	267	26	ed	ed	NOUN
dem-14839	267	27	.	.	PUNCT
dem-14839	267	28	)	)	PUNCT
dem-14839	268	1	,	,	PUNCT
dem-14839	268	2	komputerowo	komputerowo	PROPN
dem-14839	268	3	zintegrowane	zintegrowane	PROPN
dem-14839	268	4	zarządzanie	zarządzanie	PROPN
dem-14839	268	5	,	,	PUNCT
dem-14839	268	6	t.	t.	NOUN
dem-14839	268	7	2	2	NUM
dem-14839	268	8	,	,	PUNCT
dem-14839	268	9	opole	opole	PROPN
dem-14839	268	10	:	:	PUNCT
dem-14839	268	11	oficyna	oficyna	PROPN
dem-14839	268	12	wydawnicza	wydawnicza	PROPN
dem-14839	268	13	polskiego	polskiego	PROPN
dem-14839	268	14	towarzystwa	towarzystwa	VERB
dem-14839	268	15	zarządzania	zarządzania	PROPN
dem-14839	268	16	produkcją	produkcją	NOUN
dem-14839	268	17	.	.	PUNCT
dem-14839	269	1	wiwattanakantang	wiwattanakantang	PROPN
dem-14839	269	2	,	,	PUNCT
dem-14839	269	3	y.	y.	PROPN
dem-14839	269	4	(	(	PUNCT
dem-14839	269	5	1999	1999	NUM
dem-14839	269	6	)	)	PUNCT
dem-14839	269	7	,	,	PUNCT
dem-14839	269	8	an	an	DET
dem-14839	269	9	empirical	empirical	ADJ
dem-14839	269	10	study	study	NOUN
dem-14839	269	11	on	on	ADP
dem-14839	269	12	the	the	DET
dem-14839	269	13	determinants	determinant	NOUN
dem-14839	269	14	of	of	ADP
dem-14839	269	15	the	the	DET
dem-14839	269	16	capital	capital	NOUN
dem-14839	269	17	structure	structure	NOUN
dem-14839	269	18	of	of	ADP
dem-14839	269	19	thai	thai	ADJ
dem-14839	269	20	firms	firm	NOUN
dem-14839	269	21	,	,	PUNCT
dem-14839	269	22	pacific	pacific	ADJ
dem-14839	269	23	-	-	PUNCT
dem-14839	269	24	basin	basin	NOUN
dem-14839	269	25	finance	finance	NOUN
dem-14839	269	26	journal	journal	NOUN
dem-14839	269	27	,	,	PUNCT
dem-14839	269	28	7(3–4	7(3–4	NUM
dem-14839	269	29	)	)	PUNCT
dem-14839	269	30	,	,	PUNCT
dem-14839	269	31	371–403	371–403	NUM
dem-14839	269	32	.	.	PUNCT
dem-14839	270	1	yinusa	yinusa	PROPN
dem-14839	270	2	o.g	o.g	AUX
dem-14839	270	3	.	.	PROPN
dem-14839	270	4	,	,	PUNCT
dem-14839	270	5	somoye	somoye	VERB
dem-14839	270	6	r.o.c	r.o.c	NOUN
dem-14839	270	7	.	.	PROPN
dem-14839	270	8	,	,	PUNCT
dem-14839	270	9	alimi	alimi	PROPN
dem-14839	270	10	o.y	o.y	PROPN
dem-14839	270	11	.	.	PROPN
dem-14839	270	12	,	,	PUNCT
dem-14839	270	13	ilo	ilo	PROPN
dem-14839	270	14	b.m	b.m	PROPN
dem-14839	270	15	.	.	PROPN
dem-14839	270	16	,	,	PUNCT
dem-14839	270	17	(	(	PUNCT
dem-14839	270	18	2016	2016	NUM
dem-14839	270	19	)	)	PUNCT
dem-14839	270	20	,	,	PUNCT
dem-14839	270	21	firm	firm	ADJ
dem-14839	270	22	performance	performance	NOUN
dem-14839	270	23	and	and	CCONJ
dem-14839	270	24	capital	capital	NOUN
dem-14839	270	25	structure	structure	NOUN
dem-14839	270	26	choice	choice	NOUN
dem-14839	270	27	of	of	ADP
dem-14839	270	28	firms	firm	NOUN
dem-14839	270	29	:	:	PUNCT
dem-14839	270	30	evidence	evidence	NOUN
dem-14839	270	31	from	from	ADP
dem-14839	270	32	nigeria	nigeria	PROPN
dem-14839	270	33	,	,	PUNCT
dem-14839	270	34	journal	journal	NOUN
dem-14839	270	35	of	of	ADP
dem-14839	270	36	knowledge	knowledge	NOUN
dem-14839	270	37	globalization	globalization	NOUN
dem-14839	270	38	,	,	PUNCT
dem-14839	270	39	9(1	9(1	NUM
dem-14839	270	40	)	)	PUNCT
dem-14839	270	41	,	,	PUNCT
dem-14839	270	42	1–16	1–16	PROPN
dem-14839	270	43	.	.	PUNCT
dem-14839	271	1	zeitun	zeitun	PROPN
dem-14839	271	2	,	,	PUNCT
dem-14839	271	3	r.	r.	PROPN
dem-14839	271	4	and	and	CCONJ
dem-14839	271	5	tian	tian	PROPN
dem-14839	271	6	,	,	PUNCT
dem-14839	271	7	g.	g.	PROPN
dem-14839	271	8	g.	g.	PROPN
dem-14839	271	9	(	(	PUNCT
dem-14839	271	10	2007	2007	NUM
dem-14839	271	11	)	)	PUNCT
dem-14839	271	12	,	,	PUNCT
dem-14839	271	13	capital	capital	NOUN
dem-14839	271	14	structure	structure	NOUN
dem-14839	271	15	and	and	CCONJ
dem-14839	271	16	corporate	corporate	ADJ
dem-14839	271	17	performance	performance	NOUN
dem-14839	271	18	:	:	PUNCT
dem-14839	271	19	evidence	evidence	NOUN
dem-14839	271	20	from	from	ADP
dem-14839	271	21	jordan	jordan	PROPN
dem-14839	271	22	,	,	PUNCT
dem-14839	271	23	australasian	australasian	ADJ
dem-14839	271	24	accounting	accounting	NOUN
dem-14839	271	25	,	,	PUNCT
dem-14839	271	26	business	business	NOUN
dem-14839	271	27	and	and	CCONJ
dem-14839	271	28	finance	finance	NOUN
dem-14839	271	29	journal	journal	NOUN
dem-14839	271	30	,	,	PUNCT
dem-14839	271	31	1(4	1(4	NUM
dem-14839	271	32	)	)	PUNCT
dem-14839	271	33	,	,	PUNCT
dem-14839	271	34	1–24	1–24	PROPN
dem-14839	271	35	.	.	PUNCT
dem-14839	272	1	czynniki	czynniki	PROPN
dem-14839	272	2	kształtujące	kształtujące	PROPN
dem-14839	272	3	wyniki	wyniki	PROPN
dem-14839	272	4	finansowe	finansowe	PROPN
dem-14839	272	5	firmy	firmy	PROPN
dem-14839	272	6	:	:	PUNCT
dem-14839	272	7	ujęcie	ujęcie	PROPN
dem-14839	272	8	panelowe	panelowe	NOUN
dem-14839	272	9	z	z	NOUN
dem-14839	272	10	a	a	PRON
dem-14839	272	11	r	r	NOUN
dem-14839	272	12	y	y	PROPN
dem-14839	272	13	s	s	PROPN
dem-14839	272	14	t	t	NOUN
dem-14839	272	15	r	r	NOUN
dem-14839	272	16	e	e	PROPN
dem-14839	272	17	ś	ś	PROPN
dem-14839	272	18	c	c	PROPN
dem-14839	272	19	i.	i.	PROPN
dem-14839	272	20	celem	celem	PROPN
dem-14839	272	21	artykułu	artykułu	PROPN
dem-14839	272	22	jest	jest	PROPN
dem-14839	272	23	zbadanie	zbadanie	PROPN
dem-14839	272	24	wpływu	wpływu	PROPN
dem-14839	272	25	wybranych	wybranych	VERB
dem-14839	272	26	czynników	czynników	PROPN
dem-14839	272	27	struktury	struktury	NOUN
dem-14839	272	28	kapitału	kapitału	PROPN
dem-14839	272	29	spółek	spółek	PROPN
dem-14839	272	30	notowanych	notowanych	PROPN
dem-14839	272	31	na	na	PROPN
dem-14839	272	32	gpw	gpw	X
dem-14839	272	33	na	na	PROPN
dem-14839	272	34	ich	ich	PROPN
dem-14839	272	35	rentowność	rentowność	NOUN
dem-14839	272	36	.	.	PUNCT
dem-14839	273	1	do	do	AUX
dem-14839	273	2	badań	badań	NOUN
dem-14839	273	3	zakwalifikowano	zakwalifikowano	PROPN
dem-14839	273	4	90	90	NUM
dem-14839	273	5	przedsiębiorstw	przedsiębiorstw	PROPN
dem-14839	273	6	z	z	PROPN
dem-14839	273	7	sektora	sektora	PROPN
dem-14839	273	8	niefinansowego	niefinansowego	PROPN
dem-14839	273	9	notowanych	notowanych	PROPN
dem-14839	273	10	na	na	PROPN
dem-14839	273	11	gpw	gpw	PROPN
dem-14839	273	12	w	w	PROPN
dem-14839	273	13	latach	latach	NOUN
dem-14839	273	14	2000–2015	2000–2015	NUM
dem-14839	273	15	.	.	PUNCT
dem-14839	274	1	oszacowano	oszacowano	NOUN
dem-14839	274	2	model	model	NOUN
dem-14839	274	3	panelowy	panelowy	PROPN
dem-14839	274	4	dla	dla	PROPN
dem-14839	274	5	dwóch	dwóch	PROPN
dem-14839	274	6	miar	miar	PROPN
dem-14839	274	7	rentowności	rentowności	PROPN
dem-14839	274	8	,	,	PUNCT
dem-14839	274	9	tj	tj	PROPN
dem-14839	274	10	.	.	PROPN
dem-14839	274	11	roa	roa	PROPN
dem-14839	274	12	i	i	PRON
dem-14839	274	13	roe	roe	PROPN
dem-14839	274	14	.	.	PUNCT
dem-14839	275	1	pomiędzy	pomiędzy	PROPN
dem-14839	275	2	strukturą	strukturą	PROPN
dem-14839	275	3	kapitału	kapitału	PROPN
dem-14839	275	4	(	(	PUNCT
dem-14839	275	5	dźwignią	dźwignią	PROPN
dem-14839	275	6	finansową	finansową	PROPN
dem-14839	275	7	)	)	PUNCT
dem-14839	275	8	a	a	DET
dem-14839	275	9	rentownością	rentownością	NOUN
dem-14839	275	10	występuje	występuje	NOUN
dem-14839	275	11	związek	związek	PROPN
dem-14839	275	12	ujemny	ujemny	PROPN
dem-14839	275	13	,	,	PUNCT
dem-14839	275	14	co	co	VERB
dem-14839	275	15	jest	jest	PROPN
dem-14839	275	16	zgodne	zgodne	PROPN
dem-14839	275	17	z	z	PROPN
dem-14839	275	18	teorią	teorią	PROPN
dem-14839	275	19	hierarchii	hierarchii	VERB
dem-14839	275	20	źródeł	źródeł	ADJ
dem-14839	275	21	finansowania	finansowania	NOUN
dem-14839	275	22	i	i	PRON
dem-14839	275	23	wynikami	wynikami	VERB
dem-14839	275	24	dotychczasowych	dotychczasowych	PROPN
dem-14839	275	25	badań	badań	PROPN
dem-14839	275	26	w	w	PROPN
dem-14839	275	27	zakresie	zakresie	PROPN
dem-14839	275	28	struktury	struktury	NOUN
dem-14839	275	29	kapitału	kapitału	PROPN
dem-14839	275	30	polskich	polskich	PROPN
dem-14839	275	31	przedsiębiorstw	przedsiębiorstw	PROPN
dem-14839	275	32	.	.	PUNCT
dem-14839	276	1	s	s	PART
dem-14839	276	2	ł	ł	PROPN
dem-14839	276	3	o	o	X
dem-14839	276	4	w	w	NOUN
dem-14839	276	5	a	a	DET
dem-14839	276	6	k	k	X
dem-14839	276	7	l	l	NOUN
dem-14839	276	8	u	u	NOUN
dem-14839	277	1	c	c	NOUN
dem-14839	277	2	z	z	NOUN
dem-14839	277	3	o	o	X
dem-14839	277	4	w	w	PROPN
dem-14839	278	1	e	e	NOUN
dem-14839	278	2	:	:	PUNCT
dem-14839	278	3	struktura	struktura	PROPN
dem-14839	278	4	kapitału	kapitału	PROPN
dem-14839	278	5	,	,	PUNCT
dem-14839	278	6	efektywność	efektywność	PROPN
dem-14839	278	7	,	,	PUNCT
dem-14839	278	8	modelowanie	modelowanie	NOUN
dem-14839	278	9	panelowe	panelowe	NOUN
dem-14839	278	10	,	,	PUNCT
dem-14839	278	11	rentowność	rentowność	NOUN
dem-14839	278	12	kapitału	kapitału	PROPN
dem-14839	278	13	,	,	PUNCT
dem-14839	278	14	rentowność	rentowność	NOUN
dem-14839	278	15	aktywów	aktywów	NOUN
dem-14839	278	16	.	.	PUNCT