id	sid	tid	token	lemma	pos
dem-8588	1	1	dem_2015_49to69	dem_2015_49to69	NOUN
dem-8588	1	2	d	d	VERB
dem-8588	1	3	y	y	PROPN
dem-8588	2	1	n	n	PROPN
dem-8588	2	2	a	a	DET
dem-8588	2	3	m	m	VERB
dem-8588	3	1	i	i	NOUN
dem-8588	3	2	c	c	NOUN
dem-8588	3	3	e	e	NOUN
dem-8588	3	4	c	c	NOUN
dem-8588	3	5	o	o	X
dem-8588	4	1	n	n	INTJ
dem-8588	4	2	o	o	NOUN
dem-8588	4	3	m	m	VERB
dem-8588	5	1	e	e	NOUN
dem-8588	5	2	t	t	NOUN
dem-8588	5	3	r	r	NOUN
dem-8588	5	4	i	i	NOUN
dem-8588	5	5	c	c	NOUN
dem-8588	5	6	m	m	VERB
dem-8588	5	7	o	o	NOUN
dem-8588	5	8	d	d	X
dem-8588	5	9	e	e	X
dem-8588	5	10	l	l	NOUN
dem-8588	5	11	s	s	X
dem-8588	5	12	doi	doi	NOUN
dem-8588	5	13	:	:	PUNCT
dem-8588	5	14	http://dx.doi.org/10.12775/dem.2015.003	http://dx.doi.org/10.12775/dem.2015.003	NOUN
dem-8588	5	15	vol	vol	NOUN
dem-8588	5	16	.	.	PROPN
dem-8588	5	17	15	15	NUM
dem-8588	5	18	(	(	PUNCT
dem-8588	5	19	2015	2015	NUM
dem-8588	5	20	)	)	PUNCT
dem-8588	5	21	49−69	49−69	NOUN
dem-8588	5	22	submitted	submit	VERB
dem-8588	5	23	september	september	PROPN
dem-8588	5	24	4	4	NUM
dem-8588	5	25	,	,	PUNCT
dem-8588	5	26	2015	2015	NUM
dem-8588	5	27	issn	issn	X
dem-8588	5	28	(	(	PUNCT
dem-8588	5	29	online	online	ADJ
dem-8588	5	30	)	)	PUNCT
dem-8588	5	31	2450	2450	NUM
dem-8588	5	32	-	-	SYM
dem-8588	5	33	7067	7067	NUM
dem-8588	5	34	accepted	accept	VERB
dem-8588	5	35	december	december	PROPN
dem-8588	5	36	15	15	NUM
dem-8588	5	37	,	,	PUNCT
dem-8588	5	38	2015	2015	NUM
dem-8588	5	39	issn	issn	X
dem-8588	5	40	(	(	PUNCT
dem-8588	5	41	print	print	NOUN
dem-8588	5	42	)	)	PUNCT
dem-8588	5	43	1234	1234	NUM
dem-8588	5	44	-	-	SYM
dem-8588	5	45	3862	3862	NUM
dem-8588	5	46	sabina	sabina	PROPN
dem-8588	5	47	nowak	nowak	PROPN
dem-8588	5	48	,	,	PUNCT
dem-8588	5	49	joanna	joanna	PROPN
dem-8588	5	50	olbryś	olbryś	PROPN
dem-8588	5	51	*	*	PROPN
dem-8588	5	52	day	day	NOUN
dem-8588	5	53	-	-	PUNCT
dem-8588	5	54	of	of	ADP
dem-8588	5	55	-	-	PUNCT
dem-8588	5	56	the	the	DET
dem-8588	5	57	-	-	PUNCT
dem-8588	5	58	week	week	NOUN
dem-8588	5	59	effects	effect	NOUN
dem-8588	5	60	in	in	ADP
dem-8588	5	61	liquidity	liquidity	NOUN
dem-8588	5	62	on	on	ADP
dem-8588	5	63	the	the	DET
dem-8588	5	64	warsaw	warsaw	PROPN
dem-8588	5	65	stock	stock	PROPN
dem-8588	5	66	exchange	exchange	PROPN
dem-8588	5	67	a	a	DET
dem-8588	5	68	b	b	PROPN
dem-8588	5	69	s	s	ADP
dem-8588	5	70	t	t	PROPN
dem-8588	5	71	r	r	NOUN
dem-8588	5	72	a	a	DET
dem-8588	5	73	c	c	NOUN
dem-8588	5	74	t.	t.	NOUN
dem-8588	5	75	the	the	DET
dem-8588	5	76	purpose	purpose	NOUN
dem-8588	5	77	of	of	ADP
dem-8588	5	78	this	this	DET
dem-8588	5	79	study	study	NOUN
dem-8588	5	80	is	be	AUX
dem-8588	5	81	to	to	PART
dem-8588	5	82	explore	explore	VERB
dem-8588	5	83	the	the	DET
dem-8588	5	84	day	day	NOUN
dem-8588	5	85	-	-	PUNCT
dem-8588	5	86	of	of	ADP
dem-8588	5	87	-	-	PUNCT
dem-8588	5	88	the	the	DET
dem-8588	5	89	-	-	PUNCT
dem-8588	5	90	week	week	NOUN
dem-8588	5	91	patterns	pattern	NOUN
dem-8588	5	92	in	in	ADP
dem-8588	5	93	liquidity	liquidity	NOUN
dem-8588	5	94	on	on	ADP
dem-8588	5	95	the	the	DET
dem-8588	5	96	warsaw	warsaw	PROPN
dem-8588	5	97	stock	stock	PROPN
dem-8588	5	98	exchange	exchange	PROPN
dem-8588	5	99	(	(	PUNCT
dem-8588	5	100	wse	wse	PROPN
dem-8588	5	101	)	)	PUNCT
dem-8588	5	102	using	use	VERB
dem-8588	5	103	daily	daily	ADJ
dem-8588	5	104	turnover	turnover	NOUN
dem-8588	5	105	as	as	ADP
dem-8588	5	106	a	a	DET
dem-8588	5	107	liquidity	liquidity	NOUN
dem-8588	5	108	measure	measure	NOUN
dem-8588	5	109	.	.	PUNCT
dem-8588	6	1	the	the	DET
dem-8588	6	2	existence	existence	NOUN
dem-8588	6	3	of	of	ADP
dem-8588	6	4	an	an	DET
dem-8588	6	5	inverted	inverted	ADJ
dem-8588	6	6	u	u	NOUN
dem-8588	6	7	-	-	NOUN
dem-8588	6	8	shape	shape	NOUN
dem-8588	6	9	in	in	ADP
dem-8588	6	10	the	the	DET
dem-8588	6	11	stock	stock	NOUN
dem-8588	6	12	turnover	turnover	NOUN
dem-8588	6	13	across	across	ADP
dem-8588	6	14	the	the	DET
dem-8588	6	15	trading	trading	NOUN
dem-8588	6	16	days	day	NOUN
dem-8588	6	17	is	be	AUX
dem-8588	6	18	examined	examine	VERB
dem-8588	6	19	.	.	PUNCT
dem-8588	7	1	the	the	DET
dem-8588	7	2	research	research	NOUN
dem-8588	7	3	sample	sample	NOUN
dem-8588	7	4	covers	cover	VERB
dem-8588	7	5	2502	2502	NUM
dem-8588	7	6	daily	daily	ADJ
dem-8588	7	7	observations	observation	NOUN
dem-8588	7	8	in	in	ADP
dem-8588	7	9	the	the	DET
dem-8588	7	10	period	period	NOUN
dem-8588	7	11	january	january	PROPN
dem-8588	7	12	2005	2005	NUM
dem-8588	7	13	–	–	PUNCT
dem-8588	7	14	december	december	PROPN
dem-8588	7	15	2014	2014	NUM
dem-8588	7	16	.	.	PUNCT
dem-8588	8	1	53	53	NUM
dem-8588	8	2	wse	wse	NOUN
dem-8588	8	3	-	-	PUNCT
dem-8588	8	4	listed	list	VERB
dem-8588	8	5	companies	company	NOUN
dem-8588	8	6	divided	divide	VERB
dem-8588	8	7	into	into	ADP
dem-8588	8	8	three	three	NUM
dem-8588	8	9	size	size	NOUN
dem-8588	8	10	groups	group	NOUN
dem-8588	8	11	are	be	AUX
dem-8588	8	12	investigated	investigate	VERB
dem-8588	8	13	.	.	PUNCT
dem-8588	9	1	in	in	ADP
dem-8588	9	2	the	the	DET
dem-8588	9	3	study	study	NOUN
dem-8588	9	4	the	the	DET
dem-8588	9	5	ols	ol	NOUN
dem-8588	9	6	method	method	NOUN
dem-8588	9	7	with	with	ADP
dem-8588	9	8	the	the	DET
dem-8588	9	9	hac	hac	X
dem-8588	9	10	covariance	covariance	NOUN
dem-8588	9	11	matrix	matrix	NOUN
dem-8588	9	12	estimation	estimation	NOUN
dem-8588	9	13	and	and	CCONJ
dem-8588	9	14	the	the	DET
dem-8588	9	15	garch	garch	NOUN
dem-8588	9	16	-	-	PUNCT
dem-8588	9	17	type	type	NOUN
dem-8588	9	18	models	model	NOUN
dem-8588	9	19	are	be	AUX
dem-8588	9	20	employed	employ	VERB
dem-8588	9	21	.	.	PUNCT
dem-8588	10	1	the	the	DET
dem-8588	10	2	results	result	NOUN
dem-8588	10	3	indicate	indicate	VERB
dem-8588	10	4	that	that	SCONJ
dem-8588	10	5	liquidity	liquidity	NOUN
dem-8588	10	6	on	on	ADP
dem-8588	10	7	the	the	DET
dem-8588	10	8	wse	wse	PROPN
dem-8588	10	9	tends	tend	VERB
dem-8588	10	10	to	to	PART
dem-8588	10	11	be	be	AUX
dem-8588	10	12	significantly	significantly	ADV
dem-8588	10	13	lower	low	ADJ
dem-8588	10	14	on	on	ADP
dem-8588	10	15	mondays	monday	NOUN
dem-8588	10	16	and	and	CCONJ
dem-8588	10	17	higher	high	ADJ
dem-8588	10	18	on	on	ADP
dem-8588	10	19	wednesdays	wednesday	NOUN
dem-8588	10	20	in	in	ADP
dem-8588	10	21	comparison	comparison	NOUN
dem-8588	10	22	with	with	ADP
dem-8588	10	23	the	the	DET
dem-8588	10	24	other	other	ADJ
dem-8588	10	25	days	day	NOUN
dem-8588	10	26	of	of	ADP
dem-8588	10	27	the	the	DET
dem-8588	10	28	week	week	NOUN
dem-8588	10	29	.	.	PUNCT
dem-8588	11	1	however	however	ADV
dem-8588	11	2	,	,	PUNCT
dem-8588	11	3	the	the	DET
dem-8588	11	4	inverted	invert	VERB
dem-8588	11	5	u	u	NOUN
dem-8588	11	6	-	-	NOUN
dem-8588	11	7	shape	shape	NOUN
dem-8588	11	8	in	in	ADP
dem-8588	11	9	daily	daily	ADJ
dem-8588	11	10	turnover	turnover	NOUN
dem-8588	11	11	occurs	occur	VERB
dem-8588	11	12	only	only	ADV
dem-8588	11	13	among	among	ADP
dem-8588	11	14	the	the	DET
dem-8588	11	15	companies	company	NOUN
dem-8588	11	16	with	with	ADP
dem-8588	11	17	the	the	DET
dem-8588	11	18	largest	large	ADJ
dem-8588	11	19	market	market	NOUN
dem-8588	11	20	capitalization	capitalization	NOUN
dem-8588	11	21	.	.	PUNCT
dem-8588	12	1	k	k	PROPN
dem-8588	12	2	e	e	PROPN
dem-8588	12	3	y	y	PROPN
dem-8588	12	4	w	w	NOUN
dem-8588	12	5	o	o	NOUN
dem-8588	12	6	r	r	NOUN
dem-8588	12	7	d	d	NOUN
dem-8588	12	8	s	s	X
dem-8588	12	9	:	:	PUNCT
dem-8588	12	10	market	market	NOUN
dem-8588	12	11	microstructure	microstructure	NOUN
dem-8588	12	12	,	,	PUNCT
dem-8588	12	13	day	day	NOUN
dem-8588	12	14	-	-	PUNCT
dem-8588	12	15	of	of	ADP
dem-8588	12	16	-	-	PUNCT
dem-8588	12	17	the	the	DET
dem-8588	12	18	-	-	PUNCT
dem-8588	12	19	week	week	NOUN
dem-8588	12	20	effect	effect	NOUN
dem-8588	12	21	,	,	PUNCT
dem-8588	12	22	liquidity	liquidity	NOUN
dem-8588	12	23	,	,	PUNCT
dem-8588	12	24	turnover	turnover	NOUN
dem-8588	12	25	,	,	PUNCT
dem-8588	12	26	hac	hac	INTJ
dem-8588	12	27	,	,	PUNCT
dem-8588	12	28	garch	garch	NOUN
dem-8588	12	29	,	,	PUNCT
dem-8588	12	30	warsaw	warsaw	PROPN
dem-8588	12	31	stock	stock	PROPN
dem-8588	12	32	exchange	exchange	PROPN
dem-8588	12	33	.	.	PUNCT
dem-8588	13	1	j	j	PROPN
dem-8588	13	2	e	e	PROPN
dem-8588	13	3	l	l	PROPN
dem-8588	13	4	classification	classification	NOUN
dem-8588	13	5	:	:	PUNCT
dem-8588	13	6	c10	c10	PROPN
dem-8588	13	7	,	,	PUNCT
dem-8588	13	8	c58	c58	PROPN
dem-8588	13	9	,	,	PUNCT
dem-8588	13	10	g10	g10	PROPN
dem-8588	13	11	,	,	PUNCT
dem-8588	14	1	g12	g12	PROPN
dem-8588	14	2	.	.	PUNCT
dem-8588	14	3	introduction	introduction	NOUN
dem-8588	14	4	the	the	DET
dem-8588	14	5	day	day	NOUN
dem-8588	14	6	-	-	PUNCT
dem-8588	14	7	of	of	ADP
dem-8588	14	8	-	-	PUNCT
dem-8588	14	9	the	the	DET
dem-8588	14	10	-	-	PUNCT
dem-8588	14	11	week	week	NOUN
dem-8588	14	12	patterns	pattern	NOUN
dem-8588	14	13	in	in	ADP
dem-8588	14	14	returns	return	NOUN
dem-8588	14	15	and	and	CCONJ
dem-8588	14	16	volatility	volatility	NOUN
dem-8588	14	17	on	on	ADP
dem-8588	14	18	stocks	stock	NOUN
dem-8588	14	19	and	and	CCONJ
dem-8588	14	20	stock	stock	NOUN
dem-8588	14	21	market	market	NOUN
dem-8588	14	22	indices	index	NOUN
dem-8588	14	23	rank	rank	VERB
dem-8588	14	24	among	among	ADP
dem-8588	14	25	the	the	DET
dem-8588	14	26	most	most	ADV
dem-8588	14	27	common	common	ADJ
dem-8588	14	28	seasonality	seasonality	NOUN
dem-8588	14	29	anomalies	anomaly	NOUN
dem-8588	14	30	.	.	PUNCT
dem-8588	15	1	there	there	PRON
dem-8588	15	2	is	be	VERB
dem-8588	15	3	a	a	DET
dem-8588	15	4	growing	grow	VERB
dem-8588	15	5	body	body	NOUN
dem-8588	15	6	of	of	ADP
dem-8588	15	7	empirical	empirical	ADJ
dem-8588	15	8	literature	literature	NOUN
dem-8588	15	9	on	on	ADP
dem-8588	15	10	that	that	DET
dem-8588	15	11	issue	issue	NOUN
dem-8588	15	12	,	,	PUNCT
dem-8588	15	13	also	also	ADV
dem-8588	15	14	for	for	ADP
dem-8588	15	15	the	the	DET
dem-8588	15	16	polish	polish	ADJ
dem-8588	15	17	capital	capital	NOUN
dem-8588	15	18	market	market	NOUN
dem-8588	15	19	(	(	PUNCT
dem-8588	15	20	see	see	VERB
dem-8588	15	21	e.g.	e.g.	ADV
dem-8588	15	22	fiszeder	fiszeder	NOUN
dem-8588	15	23	,	,	PUNCT
dem-8588	15	24	2009	2009	NUM
dem-8588	15	25	and	and	CCONJ
dem-8588	15	26	the	the	DET
dem-8588	15	27	references	reference	NOUN
dem-8588	15	28	therein	therein	ADV
dem-8588	15	29	)	)	PUNCT
dem-8588	15	30	.	.	PUNCT
dem-8588	16	1	on	on	ADP
dem-8588	16	2	*	*	PUNCT
dem-8588	16	3	correspondence	correspondence	NOUN
dem-8588	16	4	to	to	ADP
dem-8588	16	5	:	:	PUNCT
dem-8588	16	6	sabina	sabina	PROPN
dem-8588	16	7	nowak	nowak	PROPN
dem-8588	16	8	,	,	PUNCT
dem-8588	16	9	university	university	PROPN
dem-8588	16	10	of	of	ADP
dem-8588	16	11	gdansk	gdansk	PROPN
dem-8588	16	12	,	,	PUNCT
dem-8588	16	13	faculty	faculty	NOUN
dem-8588	16	14	of	of	ADP
dem-8588	16	15	management	management	NOUN
dem-8588	16	16	,	,	PUNCT
dem-8588	16	17	armii	armii	NOUN
dem-8588	16	18	krajowej	krajowej	VERB
dem-8588	16	19	101	101	NUM
dem-8588	16	20	,	,	PUNCT
dem-8588	16	21	81	81	NUM
dem-8588	16	22	-	-	PUNCT
dem-8588	16	23	824	824	NUM
dem-8588	16	24	sopot	sopot	NOUN
dem-8588	16	25	,	,	PUNCT
dem-8588	16	26	poland	poland	PROPN
dem-8588	16	27	,	,	PUNCT
dem-8588	16	28	e	e	NOUN
dem-8588	16	29	-	-	NOUN
dem-8588	16	30	mail	mail	NOUN
dem-8588	16	31	:	:	PUNCT
dem-8588	16	32	sabina.nowak@ug.edu.pl	sabina.nowak@ug.edu.pl	ADV
dem-8588	16	33	;	;	PUNCT
dem-8588	16	34	joanna	joanna	PROPN
dem-8588	16	35	olbryś	olbryś	PROPN
dem-8588	16	36	,	,	PUNCT
dem-8588	16	37	bialystok	bialystok	ADJ
dem-8588	16	38	university	university	NOUN
dem-8588	16	39	of	of	ADP
dem-8588	16	40	technology	technology	NOUN
dem-8588	16	41	,	,	PUNCT
dem-8588	16	42	faculty	faculty	NOUN
dem-8588	16	43	of	of	ADP
dem-8588	16	44	computer	computer	NOUN
dem-8588	16	45	science	science	NOUN
dem-8588	16	46	,	,	PUNCT
dem-8588	16	47	e	e	NOUN
dem-8588	16	48	-	-	NOUN
dem-8588	16	49	mail	mail	NOUN
dem-8588	16	50	:	:	PUNCT
dem-8588	16	51	j.olbrys@pb.edu.pl	j.olbrys@pb.edu.pl	PROPN
dem-8588	16	52	.	.	PUNCT
dem-8588	17	1	sabina	sabina	PROPN
dem-8588	17	2	nowak	nowak	PROPN
dem-8588	17	3	,	,	PUNCT
dem-8588	17	4	joanna	joanna	PROPN
dem-8588	17	5	olbryś	olbryś	PROPN
dem-8588	17	6	dynamic	dynamic	ADJ
dem-8588	17	7	econometric	econometric	ADJ
dem-8588	17	8	models	model	NOUN
dem-8588	17	9	15	15	NUM
dem-8588	17	10	(	(	PUNCT
dem-8588	17	11	2015	2015	NUM
dem-8588	17	12	)	)	PUNCT
dem-8588	17	13	49–69	49–69	NUM
dem-8588	17	14	50	50	NUM
dem-8588	17	15	the	the	DET
dem-8588	17	16	contrary	contrary	ADJ
dem-8588	17	17	,	,	PUNCT
dem-8588	17	18	relatively	relatively	ADV
dem-8588	17	19	little	little	ADJ
dem-8588	17	20	empirical	empirical	ADJ
dem-8588	17	21	research	research	NOUN
dem-8588	17	22	has	have	AUX
dem-8588	17	23	been	be	AUX
dem-8588	17	24	conducted	conduct	VERB
dem-8588	17	25	on	on	ADP
dem-8588	17	26	the	the	DET
dem-8588	17	27	day	day	NOUN
dem-8588	17	28	-	-	PUNCT
dem-8588	17	29	of	of	ADP
dem-8588	17	30	-	-	PUNCT
dem-8588	17	31	the	the	DET
dem-8588	17	32	-	-	PUNCT
dem-8588	17	33	week	week	NOUN
dem-8588	17	34	effects	effect	NOUN
dem-8588	17	35	in	in	ADP
dem-8588	17	36	liquidity	liquidity	NOUN
dem-8588	17	37	on	on	ADP
dem-8588	17	38	equity	equity	NOUN
dem-8588	17	39	markets	market	NOUN
dem-8588	17	40	(	(	PUNCT
dem-8588	17	41	e.g.	e.g.	ADV
dem-8588	17	42	jain	jain	PROPN
dem-8588	17	43	,	,	PUNCT
dem-8588	17	44	joh	joh	PROPN
dem-8588	17	45	,	,	PUNCT
dem-8588	17	46	1988	1988	NUM
dem-8588	17	47	;	;	PUNCT
dem-8588	17	48	foster	foster	PROPN
dem-8588	17	49	,	,	PUNCT
dem-8588	17	50	viswanathan	viswanathan	PROPN
dem-8588	17	51	,	,	PUNCT
dem-8588	17	52	1993	1993	NUM
dem-8588	17	53	;	;	PUNCT
dem-8588	18	1	chordia	chordia	NOUN
dem-8588	18	2	et	et	NOUN
dem-8588	18	3	al	al	PROPN
dem-8588	18	4	.	.	PROPN
dem-8588	18	5	,	,	PUNCT
dem-8588	18	6	2001	2001	NUM
dem-8588	18	7	;	;	PUNCT
dem-8588	18	8	chordia	chordia	NOUN
dem-8588	18	9	et	et	NOUN
dem-8588	18	10	al	al	PROPN
dem-8588	18	11	.	.	PROPN
dem-8588	18	12	,	,	PUNCT
dem-8588	18	13	2005	2005	NUM
dem-8588	18	14	;	;	PUNCT
dem-8588	18	15	hameed	hameed	PROPN
dem-8588	18	16	et	et	PROPN
dem-8588	18	17	al	al	PROPN
dem-8588	18	18	.	.	PROPN
dem-8588	18	19	,	,	PUNCT
dem-8588	18	20	2010	2010	NUM
dem-8588	18	21	;	;	PUNCT
dem-8588	18	22	alrabadi	alrabadi	NOUN
dem-8588	18	23	,	,	PUNCT
dem-8588	18	24	2012	2012	NUM
dem-8588	18	25	;	;	PUNCT
dem-8588	18	26	karolyi	karolyi	PROPN
dem-8588	18	27	et	et	PROPN
dem-8588	18	28	al	al	PROPN
dem-8588	18	29	.	.	PROPN
dem-8588	18	30	,	,	PUNCT
dem-8588	18	31	2012	2012	NUM
dem-8588	18	32	)	)	PUNCT
dem-8588	18	33	.	.	PUNCT
dem-8588	19	1	the	the	DET
dem-8588	19	2	goal	goal	NOUN
dem-8588	19	3	of	of	ADP
dem-8588	19	4	this	this	DET
dem-8588	19	5	study	study	NOUN
dem-8588	19	6	is	be	AUX
dem-8588	19	7	to	to	PART
dem-8588	19	8	examine	examine	VERB
dem-8588	19	9	day	day	NOUN
dem-8588	19	10	-	-	PUNCT
dem-8588	19	11	of	of	ADP
dem-8588	19	12	-	-	PUNCT
dem-8588	19	13	the	the	DET
dem-8588	19	14	-	-	PUNCT
dem-8588	19	15	week	week	NOUN
dem-8588	19	16	patterns	pattern	NOUN
dem-8588	19	17	in	in	ADP
dem-8588	19	18	liquidity	liquidity	NOUN
dem-8588	19	19	on	on	ADP
dem-8588	19	20	the	the	DET
dem-8588	19	21	warsaw	warsaw	PROPN
dem-8588	19	22	stock	stock	PROPN
dem-8588	19	23	exchange	exchange	PROPN
dem-8588	19	24	(	(	PUNCT
dem-8588	19	25	wse	wse	PROPN
dem-8588	19	26	)	)	PUNCT
dem-8588	19	27	using	use	VERB
dem-8588	19	28	daily	daily	ADJ
dem-8588	19	29	turnover	turnover	NOUN
dem-8588	19	30	as	as	ADP
dem-8588	19	31	a	a	DET
dem-8588	19	32	liquidity	liquidity	NOUN
dem-8588	19	33	measure	measure	NOUN
dem-8588	19	34	.	.	PUNCT
dem-8588	20	1	to	to	PART
dem-8588	20	2	address	address	VERB
dem-8588	20	3	this	this	DET
dem-8588	20	4	issue	issue	NOUN
dem-8588	20	5	,	,	PUNCT
dem-8588	20	6	the	the	DET
dem-8588	20	7	ols	ol	NOUN
dem-8588	20	8	method	method	NOUN
dem-8588	20	9	with	with	ADP
dem-8588	20	10	hac	hac	X
dem-8588	20	11	covariance	covariance	NOUN
dem-8588	20	12	matrix	matrix	NOUN
dem-8588	20	13	estimator	estimator	NOUN
dem-8588	20	14	(	(	PUNCT
dem-8588	20	15	newey	newey	PROPN
dem-8588	20	16	,	,	PUNCT
dem-8588	20	17	west	west	NOUN
dem-8588	20	18	,	,	PUNCT
dem-8588	20	19	1987	1987	NUM
dem-8588	20	20	)	)	PUNCT
dem-8588	20	21	and	and	CCONJ
dem-8588	20	22	the	the	DET
dem-8588	20	23	garch	garch	NOUN
dem-8588	20	24	-	-	PUNCT
dem-8588	20	25	type	type	NOUN
dem-8588	20	26	models	model	NOUN
dem-8588	20	27	are	be	AUX
dem-8588	20	28	employed	employ	VERB
dem-8588	20	29	.	.	PUNCT
dem-8588	21	1	the	the	DET
dem-8588	21	2	research	research	NOUN
dem-8588	21	3	covers	cover	VERB
dem-8588	21	4	the	the	DET
dem-8588	21	5	sample	sample	NOUN
dem-8588	21	6	period	period	NOUN
dem-8588	21	7	january	january	PROPN
dem-8588	21	8	2005	2005	NUM
dem-8588	21	9	–	–	PUNCT
dem-8588	21	10	december	december	PROPN
dem-8588	21	11	2014	2014	NUM
dem-8588	21	12	,	,	PUNCT
dem-8588	21	13	during	during	ADP
dem-8588	21	14	which	which	PRON
dem-8588	21	15	53	53	NUM
dem-8588	21	16	wse	wse	ADV
dem-8588	21	17	-	-	PUNCT
dem-8588	21	18	listed	list	VERB
dem-8588	21	19	companies	company	NOUN
dem-8588	21	20	divided	divide	VERB
dem-8588	21	21	into	into	ADP
dem-8588	21	22	three	three	NUM
dem-8588	21	23	size	size	NOUN
dem-8588	21	24	groups	group	NOUN
dem-8588	21	25	are	be	AUX
dem-8588	21	26	investigated	investigate	VERB
dem-8588	21	27	.	.	PUNCT
dem-8588	22	1	an	an	DET
dem-8588	22	2	inverted	invert	VERB
dem-8588	22	3	u	u	NOUN
dem-8588	22	4	-	-	NOUN
dem-8588	22	5	shape	shape	NOUN
dem-8588	22	6	in	in	ADP
dem-8588	22	7	the	the	DET
dem-8588	22	8	stock	stock	NOUN
dem-8588	22	9	turnover	turnover	NOUN
dem-8588	22	10	across	across	ADP
dem-8588	22	11	trading	trading	NOUN
dem-8588	22	12	days	day	NOUN
dem-8588	22	13	is	be	AUX
dem-8588	22	14	examined	examine	VERB
dem-8588	22	15	.	.	PUNCT
dem-8588	23	1	this	this	DET
dem-8588	23	2	effect	effect	NOUN
dem-8588	23	3	means	mean	VERB
dem-8588	23	4	that	that	SCONJ
dem-8588	23	5	the	the	DET
dem-8588	23	6	trading	trading	NOUN
dem-8588	23	7	volume	volume	NOUN
dem-8588	23	8	tends	tend	VERB
dem-8588	23	9	to	to	PART
dem-8588	23	10	be	be	AUX
dem-8588	23	11	at	at	ADP
dem-8588	23	12	its	its	PRON
dem-8588	23	13	lowest	low	ADJ
dem-8588	23	14	on	on	ADP
dem-8588	23	15	monday	monday	PROPN
dem-8588	23	16	and	and	CCONJ
dem-8588	23	17	friday	friday	PROPN
dem-8588	23	18	,	,	PUNCT
dem-8588	23	19	while	while	SCONJ
dem-8588	23	20	the	the	DET
dem-8588	23	21	most	most	ADV
dem-8588	23	22	active	active	ADJ
dem-8588	23	23	periods	period	NOUN
dem-8588	23	24	are	be	AUX
dem-8588	23	25	in	in	ADP
dem-8588	23	26	the	the	DET
dem-8588	23	27	middle	middle	NOUN
dem-8588	23	28	of	of	ADP
dem-8588	23	29	the	the	DET
dem-8588	23	30	week	week	NOUN
dem-8588	23	31	(	(	PUNCT
dem-8588	23	32	jain	jain	PROPN
dem-8588	23	33	,	,	PUNCT
dem-8588	23	34	joh	joh	PROPN
dem-8588	23	35	,	,	PUNCT
dem-8588	23	36	1988	1988	NUM
dem-8588	23	37	)	)	PUNCT
dem-8588	23	38	.	.	PUNCT
dem-8588	24	1	to	to	ADP
dem-8588	24	2	the	the	DET
dem-8588	24	3	best	good	ADJ
dem-8588	24	4	of	of	ADP
dem-8588	24	5	the	the	DET
dem-8588	24	6	authors	author	NOUN
dem-8588	24	7	’	’	PART
dem-8588	24	8	knowledge	knowledge	NOUN
dem-8588	24	9	,	,	PUNCT
dem-8588	24	10	the	the	DET
dem-8588	24	11	empirical	empirical	ADJ
dem-8588	24	12	results	result	NOUN
dem-8588	24	13	concerning	concern	VERB
dem-8588	24	14	day	day	NOUN
dem-8588	24	15	-	-	PUNCT
dem-8588	24	16	of	of	ADP
dem-8588	24	17	-	-	PUNCT
dem-8588	24	18	the	the	DET
dem-8588	24	19	-	-	PUNCT
dem-8588	24	20	week	week	NOUN
dem-8588	24	21	effects	effect	NOUN
dem-8588	24	22	in	in	ADP
dem-8588	24	23	liquidity	liquidity	NOUN
dem-8588	24	24	on	on	ADP
dem-8588	24	25	the	the	DET
dem-8588	24	26	wse	wse	NOUN
dem-8588	24	27	are	be	AUX
dem-8588	24	28	novel	novel	ADJ
dem-8588	24	29	and	and	CCONJ
dem-8588	24	30	have	have	AUX
dem-8588	24	31	not	not	PART
dem-8588	24	32	been	be	AUX
dem-8588	24	33	presented	present	VERB
dem-8588	24	34	in	in	ADP
dem-8588	24	35	the	the	DET
dem-8588	24	36	literature	literature	NOUN
dem-8588	24	37	thus	thus	ADV
dem-8588	24	38	far	far	ADV
dem-8588	24	39	.	.	PUNCT
dem-8588	25	1	the	the	DET
dem-8588	25	2	remainder	remainder	NOUN
dem-8588	25	3	of	of	ADP
dem-8588	25	4	the	the	DET
dem-8588	25	5	study	study	NOUN
dem-8588	25	6	is	be	AUX
dem-8588	25	7	organized	organize	VERB
dem-8588	25	8	as	as	SCONJ
dem-8588	25	9	follows	follow	VERB
dem-8588	25	10	.	.	PUNCT
dem-8588	26	1	section	section	NOUN
dem-8588	26	2	1	1	NUM
dem-8588	26	3	specifies	specifie	NOUN
dem-8588	26	4	a	a	DET
dem-8588	26	5	methodological	methodological	ADJ
dem-8588	26	6	background	background	NOUN
dem-8588	26	7	and	and	CCONJ
dem-8588	26	8	a	a	DET
dem-8588	26	9	brief	brief	ADJ
dem-8588	26	10	literature	literature	NOUN
dem-8588	26	11	review	review	NOUN
dem-8588	26	12	.	.	PUNCT
dem-8588	27	1	in	in	ADP
dem-8588	27	2	section	section	NOUN
dem-8588	27	3	2	2	NUM
dem-8588	27	4	,	,	PUNCT
dem-8588	27	5	we	we	PRON
dem-8588	27	6	present	present	VERB
dem-8588	27	7	and	and	CCONJ
dem-8588	27	8	discuss	discuss	VERB
dem-8588	27	9	the	the	DET
dem-8588	27	10	empirical	empirical	ADJ
dem-8588	27	11	results	result	NOUN
dem-8588	27	12	of	of	ADP
dem-8588	27	13	the	the	DET
dem-8588	27	14	day	day	NOUN
dem-8588	27	15	-	-	PUNCT
dem-8588	27	16	of	of	ADP
dem-8588	27	17	-	-	PUNCT
dem-8588	27	18	the	the	DET
dem-8588	27	19	-	-	PUNCT
dem-8588	27	20	week	week	NOUN
dem-8588	27	21	patterns	pattern	NOUN
dem-8588	27	22	in	in	ADP
dem-8588	27	23	liquidity	liquidity	NOUN
dem-8588	27	24	on	on	ADP
dem-8588	27	25	the	the	DET
dem-8588	27	26	wse	wse	PROPN
dem-8588	27	27	.	.	PUNCT
dem-8588	28	1	section	section	NOUN
dem-8588	28	2	3	3	NUM
dem-8588	28	3	recalls	recall	VERB
dem-8588	28	4	the	the	DET
dem-8588	28	5	main	main	ADJ
dem-8588	28	6	findings	finding	NOUN
dem-8588	28	7	and	and	CCONJ
dem-8588	28	8	concludes	conclude	VERB
dem-8588	28	9	.	.	PUNCT
dem-8588	29	1	1	1	X
dem-8588	29	2	.	.	X
dem-8588	29	3	methodological	methodological	ADJ
dem-8588	29	4	background	background	NOUN
dem-8588	29	5	1.1	1.1	NUM
dem-8588	29	6	.	.	PUNCT
dem-8588	30	1	brief	brief	ADJ
dem-8588	30	2	literature	literature	PROPN
dem-8588	30	3	review	review	VERB
dem-8588	30	4	the	the	DET
dem-8588	30	5	presence	presence	NOUN
dem-8588	30	6	of	of	ADP
dem-8588	30	7	calendar	calendar	NOUN
dem-8588	30	8	anomalies	anomaly	NOUN
dem-8588	30	9	has	have	AUX
dem-8588	30	10	been	be	AUX
dem-8588	30	11	investigated	investigate	VERB
dem-8588	30	12	extensively	extensively	ADV
dem-8588	30	13	since	since	SCONJ
dem-8588	30	14	the	the	DET
dem-8588	30	15	nineteen	nineteen	NUM
dem-8588	30	16	seventies	seventy	NOUN
dem-8588	30	17	.	.	PUNCT
dem-8588	31	1	the	the	DET
dem-8588	31	2	existence	existence	NOUN
dem-8588	31	3	of	of	ADP
dem-8588	31	4	seasonal	seasonal	ADJ
dem-8588	31	5	behavior	behavior	NOUN
dem-8588	31	6	in	in	ADP
dem-8588	31	7	returns	return	NOUN
dem-8588	31	8	and	and	CCONJ
dem-8588	31	9	volatility	volatility	NOUN
dem-8588	31	10	has	have	AUX
dem-8588	31	11	been	be	AUX
dem-8588	31	12	widely	widely	ADV
dem-8588	31	13	documented	document	VERB
dem-8588	31	14	in	in	ADP
dem-8588	31	15	the	the	DET
dem-8588	31	16	finance	finance	NOUN
dem-8588	31	17	literature	literature	NOUN
dem-8588	31	18	.	.	PUNCT
dem-8588	32	1	some	some	PRON
dem-8588	32	2	of	of	ADP
dem-8588	32	3	the	the	DET
dem-8588	32	4	fundamental	fundamental	ADJ
dem-8588	32	5	and	and	CCONJ
dem-8588	32	6	most	most	ADV
dem-8588	32	7	broadly	broadly	ADV
dem-8588	32	8	citied	citie	VERB
dem-8588	32	9	papers	paper	NOUN
dem-8588	32	10	are	be	AUX
dem-8588	32	11	e.g.	e.g.	ADV
dem-8588	32	12	(	(	PUNCT
dem-8588	32	13	fama	fama	NOUN
dem-8588	32	14	,	,	PUNCT
dem-8588	32	15	1965	1965	NUM
dem-8588	32	16	;	;	PUNCT
dem-8588	32	17	french	french	PROPN
dem-8588	32	18	,	,	PUNCT
dem-8588	32	19	1980	1980	NUM
dem-8588	32	20	;	;	PUNCT
dem-8588	32	21	gibbons	gibbon	NOUN
dem-8588	32	22	,	,	PUNCT
dem-8588	32	23	hess	hess	NOUN
dem-8588	32	24	,	,	PUNCT
dem-8588	32	25	1981	1981	NUM
dem-8588	32	26	;	;	PUNCT
dem-8588	32	27	rogalski	rogalski	NOUN
dem-8588	32	28	,	,	PUNCT
dem-8588	32	29	1984	1984	NUM
dem-8588	32	30	;	;	PUNCT
dem-8588	32	31	french	french	ADJ
dem-8588	32	32	,	,	PUNCT
dem-8588	32	33	roll	roll	NOUN
dem-8588	32	34	,	,	PUNCT
dem-8588	32	35	1986	1986	NUM
dem-8588	32	36	,	,	PUNCT
dem-8588	32	37	etc	etc	X
dem-8588	32	38	)	)	PUNCT
dem-8588	32	39	.	.	PUNCT
dem-8588	33	1	as	as	SCONJ
dem-8588	33	2	the	the	DET
dem-8588	33	3	aim	aim	NOUN
dem-8588	33	4	of	of	ADP
dem-8588	33	5	this	this	DET
dem-8588	33	6	research	research	NOUN
dem-8588	33	7	is	be	AUX
dem-8588	33	8	to	to	PART
dem-8588	33	9	investigate	investigate	VERB
dem-8588	33	10	day	day	NOUN
dem-8588	33	11	-	-	PUNCT
dem-8588	33	12	of	of	ADP
dem-8588	33	13	-	-	PUNCT
dem-8588	33	14	the	the	DET
dem-8588	33	15	-	-	PUNCT
dem-8588	33	16	week	week	NOUN
dem-8588	33	17	patterns	pattern	NOUN
dem-8588	33	18	in	in	ADP
dem-8588	33	19	liquidity	liquidity	NOUN
dem-8588	33	20	and	and	CCONJ
dem-8588	33	21	trading	trading	NOUN
dem-8588	33	22	activity	activity	NOUN
dem-8588	33	23	,	,	PUNCT
dem-8588	33	24	we	we	PRON
dem-8588	33	25	focus	focus	VERB
dem-8588	33	26	our	our	PRON
dem-8588	33	27	analysis	analysis	NOUN
dem-8588	33	28	of	of	ADP
dem-8588	33	29	previous	previous	ADJ
dem-8588	33	30	literature	literature	NOUN
dem-8588	33	31	on	on	ADP
dem-8588	33	32	the	the	DET
dem-8588	33	33	studies	study	NOUN
dem-8588	33	34	related	relate	VERB
dem-8588	33	35	mostly	mostly	ADV
dem-8588	33	36	to	to	ADP
dem-8588	33	37	that	that	DET
dem-8588	33	38	issue	issue	NOUN
dem-8588	33	39	.	.	PUNCT
dem-8588	34	1	among	among	ADP
dem-8588	34	2	others	other	NOUN
dem-8588	34	3	,	,	PUNCT
dem-8588	34	4	jain	jain	PROPN
dem-8588	34	5	and	and	CCONJ
dem-8588	34	6	joh	joh	PROPN
dem-8588	34	7	(	(	PUNCT
dem-8588	34	8	1988	1988	NUM
dem-8588	34	9	)	)	PUNCT
dem-8588	34	10	studied	study	VERB
dem-8588	34	11	the	the	DET
dem-8588	34	12	trading	trading	NOUN
dem-8588	34	13	volume	volume	NOUN
dem-8588	34	14	and	and	CCONJ
dem-8588	34	15	returns	return	NOUN
dem-8588	34	16	on	on	ADP
dem-8588	34	17	the	the	DET
dem-8588	34	18	new	new	PROPN
dem-8588	34	19	york	york	PROPN
dem-8588	34	20	stock	stock	PROPN
dem-8588	34	21	exchange	exchange	PROPN
dem-8588	34	22	(	(	PUNCT
dem-8588	34	23	nyse	nyse	PROPN
dem-8588	34	24	)	)	PUNCT
dem-8588	34	25	.	.	PUNCT
dem-8588	35	1	they	they	PRON
dem-8588	35	2	showed	show	VERB
dem-8588	35	3	significant	significant	ADJ
dem-8588	35	4	differences	difference	NOUN
dem-8588	35	5	in	in	ADP
dem-8588	35	6	the	the	DET
dem-8588	35	7	trading	trading	NOUN
dem-8588	35	8	volume	volume	NOUN
dem-8588	35	9	within	within	ADP
dem-8588	35	10	and	and	CCONJ
dem-8588	35	11	across	across	ADP
dem-8588	35	12	days	day	NOUN
dem-8588	35	13	.	.	PUNCT
dem-8588	36	1	the	the	DET
dem-8588	36	2	authors	author	NOUN
dem-8588	36	3	provided	provide	VERB
dem-8588	36	4	evidence	evidence	NOUN
dem-8588	36	5	of	of	ADP
dem-8588	36	6	an	an	DET
dem-8588	36	7	inverted	inverted	ADJ
dem-8588	36	8	u	u	NOUN
dem-8588	36	9	-	-	NOUN
dem-8588	36	10	shape	shape	NOUN
dem-8588	36	11	in	in	ADP
dem-8588	36	12	volume	volume	NOUN
dem-8588	36	13	across	across	ADP
dem-8588	36	14	days	day	NOUN
dem-8588	36	15	,	,	PUNCT
dem-8588	36	16	i.e.	i.e.	X
dem-8588	36	17	monday	monday	PROPN
dem-8588	36	18	and	and	CCONJ
dem-8588	36	19	friday	friday	PROPN
dem-8588	36	20	had	have	VERB
dem-8588	36	21	the	the	DET
dem-8588	36	22	lowest	low	ADJ
dem-8588	36	23	volume	volume	NOUN
dem-8588	36	24	,	,	PUNCT
dem-8588	36	25	and	and	CCONJ
dem-8588	36	26	the	the	DET
dem-8588	36	27	most	most	ADV
dem-8588	36	28	active	active	ADJ
dem-8588	36	29	periods	period	NOUN
dem-8588	36	30	were	be	AUX
dem-8588	36	31	in	in	ADP
dem-8588	36	32	the	the	DET
dem-8588	36	33	middle	middle	NOUN
dem-8588	36	34	of	of	ADP
dem-8588	36	35	the	the	DET
dem-8588	36	36	week	week	NOUN
dem-8588	36	37	.	.	PUNCT
dem-8588	37	1	day	day	NOUN
dem-8588	37	2	-	-	PUNCT
dem-8588	37	3	of	of	ADP
dem-8588	37	4	-	-	PUNCT
dem-8588	37	5	the	the	DET
dem-8588	37	6	-	-	PUNCT
dem-8588	37	7	week	week	NOUN
dem-8588	37	8	effects	effect	NOUN
dem-8588	37	9	in	in	ADP
dem-8588	37	10	liquidity	liquidity	NOUN
dem-8588	37	11	on	on	ADP
dem-8588	37	12	the	the	DET
dem-8588	37	13	warsaw	warsaw	PROPN
dem-8588	37	14	stock	stock	PROPN
dem-8588	37	15	exchange	exchange	PROPN
dem-8588	37	16	dynamic	dynamic	ADJ
dem-8588	37	17	econometric	econometric	ADJ
dem-8588	37	18	models	model	NOUN
dem-8588	37	19	15	15	NUM
dem-8588	37	20	(	(	PUNCT
dem-8588	37	21	2015	2015	NUM
dem-8588	37	22	)	)	PUNCT
dem-8588	37	23	49–69	49–69	NUM
dem-8588	37	24	51	51	NUM
dem-8588	37	25	in	in	ADP
dem-8588	37	26	their	their	PRON
dem-8588	37	27	theoretical	theoretical	ADJ
dem-8588	37	28	research	research	NOUN
dem-8588	37	29	,	,	PUNCT
dem-8588	37	30	foster	foster	ADJ
dem-8588	37	31	and	and	CCONJ
dem-8588	37	32	viswanathan	viswanathan	PROPN
dem-8588	37	33	(	(	PUNCT
dem-8588	37	34	1990	1990	NUM
dem-8588	37	35	)	)	PUNCT
dem-8588	37	36	proposed	propose	VERB
dem-8588	37	37	a	a	DET
dem-8588	37	38	model	model	NOUN
dem-8588	37	39	to	to	PART
dem-8588	37	40	explain	explain	VERB
dem-8588	37	41	time	time	NOUN
dem-8588	37	42	-	-	PUNCT
dem-8588	37	43	dependent	dependent	ADJ
dem-8588	37	44	patterns	pattern	NOUN
dem-8588	37	45	in	in	ADP
dem-8588	37	46	securities	security	NOUN
dem-8588	37	47	trading	trading	NOUN
dem-8588	37	48	.	.	PUNCT
dem-8588	38	1	they	they	PRON
dem-8588	38	2	analysed	analyse	VERB
dem-8588	38	3	inter	inter	ADJ
dem-8588	38	4	-	-	ADJ
dem-8588	38	5	day	day	ADJ
dem-8588	38	6	trading	trading	NOUN
dem-8588	38	7	where	where	SCONJ
dem-8588	38	8	an	an	DET
dem-8588	38	9	informed	informed	ADJ
dem-8588	38	10	trader	trader	NOUN
dem-8588	38	11	and	and	CCONJ
dem-8588	38	12	a	a	DET
dem-8588	38	13	subset	subset	NOUN
dem-8588	38	14	of	of	ADP
dem-8588	38	15	the	the	DET
dem-8588	38	16	liquidity	liquidity	NOUN
dem-8588	38	17	traders	trader	NOUN
dem-8588	38	18	act	act	VERB
dem-8588	38	19	strategically	strategically	ADV
dem-8588	38	20	.	.	PUNCT
dem-8588	39	1	in	in	ADP
dem-8588	39	2	their	their	PRON
dem-8588	39	3	model	model	NOUN
dem-8588	39	4	,	,	PUNCT
dem-8588	39	5	the	the	DET
dem-8588	39	6	informed	informed	ADJ
dem-8588	39	7	trader	trader	NOUN
dem-8588	39	8	receives	receive	VERB
dem-8588	39	9	information	information	NOUN
dem-8588	39	10	each	each	DET
dem-8588	39	11	day	day	NOUN
dem-8588	39	12	,	,	PUNCT
dem-8588	39	13	but	but	CCONJ
dem-8588	39	14	this	this	DET
dem-8588	39	15	information	information	NOUN
dem-8588	39	16	becomes	become	VERB
dem-8588	39	17	less	less	ADV
dem-8588	39	18	valuable	valuable	ADJ
dem-8588	39	19	through	through	ADP
dem-8588	39	20	time	time	NOUN
dem-8588	39	21	,	,	PUNCT
dem-8588	39	22	because	because	SCONJ
dem-8588	39	23	there	there	PRON
dem-8588	39	24	is	be	VERB
dem-8588	39	25	a	a	DET
dem-8588	39	26	public	public	ADJ
dem-8588	39	27	announcement	announcement	NOUN
dem-8588	39	28	of	of	ADP
dem-8588	39	29	some	some	DET
dem-8588	39	30	portion	portion	NOUN
dem-8588	39	31	of	of	ADP
dem-8588	39	32	the	the	DET
dem-8588	39	33	private	private	ADJ
dem-8588	39	34	information	information	NOUN
dem-8588	39	35	.	.	PUNCT
dem-8588	40	1	the	the	DET
dem-8588	40	2	authors	author	NOUN
dem-8588	40	3	predicted	predict	VERB
dem-8588	40	4	a	a	DET
dem-8588	40	5	weekend	weekend	NOUN
dem-8588	40	6	effect	effect	NOUN
dem-8588	40	7	in	in	ADP
dem-8588	40	8	the	the	DET
dem-8588	40	9	trading	trading	NOUN
dem-8588	40	10	volume	volume	NOUN
dem-8588	40	11	and	and	CCONJ
dem-8588	40	12	return	return	VERB
dem-8588	40	13	volatility	volatility	NOUN
dem-8588	40	14	.	.	PUNCT
dem-8588	41	1	they	they	PRON
dem-8588	41	2	showed	show	VERB
dem-8588	41	3	that	that	SCONJ
dem-8588	41	4	the	the	DET
dem-8588	41	5	trading	trading	NOUN
dem-8588	41	6	volume	volume	NOUN
dem-8588	41	7	should	should	AUX
dem-8588	41	8	be	be	AUX
dem-8588	41	9	lower	low	ADJ
dem-8588	41	10	on	on	ADP
dem-8588	41	11	monday	monday	PROPN
dem-8588	41	12	than	than	ADP
dem-8588	41	13	tuesday	tuesday	PROPN
dem-8588	41	14	,	,	PUNCT
dem-8588	41	15	and	and	CCONJ
dem-8588	41	16	the	the	DET
dem-8588	41	17	trading	trading	NOUN
dem-8588	41	18	costs	cost	NOUN
dem-8588	41	19	are	be	AUX
dem-8588	41	20	highest	high	ADJ
dem-8588	41	21	on	on	ADP
dem-8588	41	22	monday	monday	PROPN
dem-8588	41	23	.	.	PUNCT
dem-8588	42	1	in	in	ADP
dem-8588	42	2	another	another	DET
dem-8588	42	3	study	study	NOUN
dem-8588	42	4	,	,	PUNCT
dem-8588	42	5	foster	foster	ADJ
dem-8588	42	6	and	and	CCONJ
dem-8588	42	7	viswanathan	viswanathan	PROPN
dem-8588	42	8	(	(	PUNCT
dem-8588	42	9	1993	1993	NUM
dem-8588	42	10	)	)	PUNCT
dem-8588	42	11	introduced	introduce	VERB
dem-8588	42	12	empirical	empirical	ADJ
dem-8588	42	13	tests	test	NOUN
dem-8588	42	14	to	to	PART
dem-8588	42	15	document	document	VERB
dem-8588	42	16	changes	change	NOUN
dem-8588	42	17	in	in	ADP
dem-8588	42	18	the	the	DET
dem-8588	42	19	trading	trading	NOUN
dem-8588	42	20	volume	volume	NOUN
dem-8588	42	21	within	within	ADP
dem-8588	42	22	and	and	CCONJ
dem-8588	42	23	between	between	ADP
dem-8588	42	24	days	day	NOUN
dem-8588	42	25	.	.	PUNCT
dem-8588	43	1	they	they	PRON
dem-8588	43	2	tested	test	VERB
dem-8588	43	3	the	the	DET
dem-8588	43	4	null	null	ADJ
dem-8588	43	5	hypothesis	hypothesis	NOUN
dem-8588	43	6	that	that	PRON
dem-8588	43	7	the	the	DET
dem-8588	43	8	trading	trading	NOUN
dem-8588	43	9	volume	volume	NOUN
dem-8588	43	10	is	be	AUX
dem-8588	43	11	uniform	uniform	ADJ
dem-8588	43	12	through	through	ADP
dem-8588	43	13	time	time	NOUN
dem-8588	43	14	.	.	PUNCT
dem-8588	44	1	for	for	ADP
dem-8588	44	2	the	the	DET
dem-8588	44	3	interday	interday	PROPN
dem-8588	44	4	case	case	NOUN
dem-8588	44	5	,	,	PUNCT
dem-8588	44	6	the	the	DET
dem-8588	44	7	authors	author	NOUN
dem-8588	44	8	used	use	VERB
dem-8588	44	9	daily	daily	ADJ
dem-8588	44	10	turnover	turnover	NOUN
dem-8588	44	11	as	as	ADP
dem-8588	44	12	a	a	DET
dem-8588	44	13	measure	measure	NOUN
dem-8588	44	14	of	of	ADP
dem-8588	44	15	trading	trading	NOUN
dem-8588	44	16	activity	activity	NOUN
dem-8588	44	17	.	.	PUNCT
dem-8588	45	1	they	they	PRON
dem-8588	45	2	found	find	VERB
dem-8588	45	3	that	that	SCONJ
dem-8588	45	4	the	the	DET
dem-8588	45	5	monday	monday	PROPN
dem-8588	45	6	trading	trading	NOUN
dem-8588	45	7	volume	volume	NOUN
dem-8588	45	8	is	be	AUX
dem-8588	45	9	significantly	significantly	ADV
dem-8588	45	10	lower	low	ADJ
dem-8588	45	11	than	than	ADP
dem-8588	45	12	the	the	DET
dem-8588	45	13	tuesday	tuesday	PROPN
dem-8588	45	14	and	and	CCONJ
dem-8588	45	15	wednesday	wednesday	PROPN
dem-8588	45	16	trading	trading	NOUN
dem-8588	45	17	volume	volume	NOUN
dem-8588	45	18	for	for	ADP
dem-8588	45	19	the	the	DET
dem-8588	45	20	most	most	ADV
dem-8588	45	21	actively	actively	ADV
dem-8588	45	22	traded	trade	VERB
dem-8588	45	23	firms	firm	NOUN
dem-8588	45	24	.	.	PUNCT
dem-8588	46	1	these	these	DET
dem-8588	46	2	findings	finding	NOUN
dem-8588	46	3	were	be	AUX
dem-8588	46	4	consistent	consistent	ADJ
dem-8588	46	5	with	with	ADP
dem-8588	46	6	the	the	DET
dem-8588	46	7	predictions	prediction	NOUN
dem-8588	46	8	of	of	ADP
dem-8588	46	9	the	the	DET
dem-8588	46	10	fosterviswanathan	fosterviswanathan	NOUN
dem-8588	46	11	(	(	PUNCT
dem-8588	46	12	1990	1990	NUM
dem-8588	46	13	)	)	PUNCT
dem-8588	46	14	theoretical	theoretical	ADJ
dem-8588	46	15	model	model	NOUN
dem-8588	46	16	.	.	PUNCT
dem-8588	47	1	foerster	foerster	PROPN
dem-8588	47	2	and	and	CCONJ
dem-8588	47	3	keim	keim	PROPN
dem-8588	47	4	(	(	PUNCT
dem-8588	47	5	1993	1993	NUM
dem-8588	47	6	)	)	PUNCT
dem-8588	47	7	explored	explore	VERB
dem-8588	47	8	the	the	DET
dem-8588	47	9	frequency	frequency	NOUN
dem-8588	47	10	of	of	ADP
dem-8588	47	11	non	non	ADJ
dem-8588	47	12	-	-	NOUN
dem-8588	47	13	trading	trading	NOUN
dem-8588	47	14	for	for	ADP
dem-8588	47	15	nyse	nyse	PROPN
dem-8588	47	16	and	and	CCONJ
dem-8588	47	17	amex	amex	PROPN
dem-8588	47	18	stocks	stock	NOUN
dem-8588	47	19	,	,	PUNCT
dem-8588	47	20	in	in	ADP
dem-8588	47	21	the	the	DET
dem-8588	47	22	sample	sample	NOUN
dem-8588	47	23	period	period	NOUN
dem-8588	47	24	1973–1990	1973–1990	NUM
dem-8588	47	25	.	.	PUNCT
dem-8588	48	1	among	among	ADP
dem-8588	48	2	other	other	ADJ
dem-8588	48	3	results	result	NOUN
dem-8588	48	4	,	,	PUNCT
dem-8588	48	5	they	they	PRON
dem-8588	48	6	found	find	VERB
dem-8588	48	7	an	an	DET
dem-8588	48	8	interesting	interesting	ADJ
dem-8588	48	9	day	day	NOUN
dem-8588	48	10	-	-	PUNCT
dem-8588	48	11	of	of	ADP
dem-8588	48	12	-	-	PUNCT
dem-8588	48	13	the	the	DET
dem-8588	48	14	-	-	PUNCT
dem-8588	48	15	week	week	NOUN
dem-8588	48	16	pattern	pattern	NOUN
dem-8588	48	17	:	:	PUNCT
dem-8588	48	18	non	non	ADJ
dem-8588	48	19	-	-	ADJ
dem-8588	48	20	trading	trading	NOUN
dem-8588	48	21	increased	increase	VERB
dem-8588	48	22	monotonically	monotonically	ADV
dem-8588	48	23	through	through	ADP
dem-8588	48	24	the	the	DET
dem-8588	48	25	week	week	NOUN
dem-8588	48	26	.	.	PUNCT
dem-8588	49	1	chordia	chordia	NOUN
dem-8588	49	2	et	et	PROPN
dem-8588	49	3	al	al	PROPN
dem-8588	49	4	.	.	PROPN
dem-8588	50	1	(	(	PUNCT
dem-8588	50	2	2001	2001	NUM
dem-8588	50	3	)	)	PUNCT
dem-8588	50	4	documented	document	VERB
dem-8588	50	5	strong	strong	ADJ
dem-8588	50	6	day	day	NOUN
dem-8588	50	7	-	-	PUNCT
dem-8588	50	8	of	of	ADP
dem-8588	50	9	-	-	PUNCT
dem-8588	50	10	the	the	DET
dem-8588	50	11	-	-	PUNCT
dem-8588	50	12	week	week	NOUN
dem-8588	50	13	effects	effect	NOUN
dem-8588	50	14	in	in	ADP
dem-8588	50	15	trading	trading	NOUN
dem-8588	50	16	activity	activity	NOUN
dem-8588	50	17	for	for	ADP
dem-8588	50	18	the	the	DET
dem-8588	50	19	u.s	u.s	PROPN
dem-8588	50	20	.	.	PROPN
dem-8588	50	21	stock	stock	NOUN
dem-8588	50	22	market	market	NOUN
dem-8588	50	23	.	.	PUNCT
dem-8588	51	1	they	they	PRON
dem-8588	51	2	found	find	VERB
dem-8588	51	3	that	that	SCONJ
dem-8588	51	4	fridays	friday	NOUN
dem-8588	51	5	accompanied	accompany	VERB
dem-8588	51	6	a	a	DET
dem-8588	51	7	significant	significant	ADJ
dem-8588	51	8	decrease	decrease	NOUN
dem-8588	51	9	in	in	ADP
dem-8588	51	10	trading	trading	NOUN
dem-8588	51	11	activity	activity	NOUN
dem-8588	51	12	and	and	CCONJ
dem-8588	51	13	liquidity	liquidity	NOUN
dem-8588	51	14	,	,	PUNCT
dem-8588	51	15	while	while	SCONJ
dem-8588	51	16	tuesdays	tuesday	NOUN
dem-8588	51	17	displayed	display	VERB
dem-8588	51	18	the	the	DET
dem-8588	51	19	opposite	opposite	ADJ
dem-8588	51	20	pattern	pattern	NOUN
dem-8588	51	21	.	.	PUNCT
dem-8588	52	1	in	in	ADP
dem-8588	52	2	another	another	DET
dem-8588	52	3	paper	paper	NOUN
dem-8588	52	4	,	,	PUNCT
dem-8588	52	5	chordia	chordia	NOUN
dem-8588	52	6	et	et	NOUN
dem-8588	52	7	al	al	PROPN
dem-8588	52	8	.	.	PROPN
dem-8588	52	9	(	(	PUNCT
dem-8588	52	10	2005	2005	NUM
dem-8588	52	11	)	)	PUNCT
dem-8588	52	12	investigated	investigate	VERB
dem-8588	52	13	the	the	DET
dem-8588	52	14	u.s	u.s	PROPN
dem-8588	52	15	.	.	PROPN
dem-8588	52	16	stock	stock	PROPN
dem-8588	52	17	and	and	CCONJ
dem-8588	52	18	bond	bond	NOUN
dem-8588	52	19	markets	market	NOUN
dem-8588	52	20	and	and	CCONJ
dem-8588	52	21	they	they	PRON
dem-8588	52	22	found	find	VERB
dem-8588	52	23	distinct	distinct	ADJ
dem-8588	52	24	seasonal	seasonal	ADJ
dem-8588	52	25	patterns	pattern	NOUN
dem-8588	52	26	in	in	ADP
dem-8588	52	27	stock	stock	NOUN
dem-8588	52	28	and	and	CCONJ
dem-8588	52	29	bond	bond	NOUN
dem-8588	52	30	liquidities	liquidity	NOUN
dem-8588	52	31	.	.	PUNCT
dem-8588	53	1	both	both	CCONJ
dem-8588	53	2	stock	stock	NOUN
dem-8588	53	3	and	and	CCONJ
dem-8588	53	4	bond	bond	NOUN
dem-8588	53	5	market	market	NOUN
dem-8588	53	6	liquidities	liquidity	NOUN
dem-8588	53	7	were	be	AUX
dem-8588	53	8	higher	high	ADJ
dem-8588	53	9	at	at	ADP
dem-8588	53	10	the	the	DET
dem-8588	53	11	beginning	beginning	NOUN
dem-8588	53	12	of	of	ADP
dem-8588	53	13	the	the	DET
dem-8588	53	14	week	week	NOUN
dem-8588	53	15	compared	compare	VERB
dem-8588	53	16	with	with	ADP
dem-8588	53	17	friday	friday	PROPN
dem-8588	53	18	.	.	PUNCT
dem-8588	54	1	hameed	hameed	PROPN
dem-8588	54	2	et	et	PROPN
dem-8588	54	3	al	al	PROPN
dem-8588	54	4	.	.	PROPN
dem-8588	55	1	(	(	PUNCT
dem-8588	55	2	2010	2010	NUM
dem-8588	55	3	)	)	PUNCT
dem-8588	55	4	used	use	VERB
dem-8588	55	5	bid	bid	NOUN
dem-8588	55	6	/	/	SYM
dem-8588	55	7	ask	ask	NOUN
dem-8588	55	8	spread	spread	VERB
dem-8588	55	9	as	as	ADP
dem-8588	55	10	a	a	DET
dem-8588	55	11	measure	measure	NOUN
dem-8588	55	12	of	of	ADP
dem-8588	55	13	liquidity	liquidity	NOUN
dem-8588	55	14	.	.	PUNCT
dem-8588	56	1	they	they	PRON
dem-8588	56	2	regressed	regress	VERB
dem-8588	56	3	the	the	DET
dem-8588	56	4	quoted	quote	VERB
dem-8588	56	5	spread	spread	NOUN
dem-8588	56	6	of	of	ADP
dem-8588	56	7	the	the	DET
dem-8588	56	8	stocks	stock	NOUN
dem-8588	56	9	on	on	ADP
dem-8588	56	10	a	a	DET
dem-8588	56	11	set	set	NOUN
dem-8588	56	12	of	of	ADP
dem-8588	56	13	variables	variable	NOUN
dem-8588	56	14	known	know	VERB
dem-8588	56	15	to	to	PART
dem-8588	56	16	capture	capture	VERB
dem-8588	56	17	seasonal	seasonal	ADJ
dem-8588	56	18	variation	variation	NOUN
dem-8588	56	19	in	in	ADP
dem-8588	56	20	liquidity	liquidity	NOUN
dem-8588	56	21	.	.	PUNCT
dem-8588	57	1	the	the	DET
dem-8588	57	2	estimated	estimate	VERB
dem-8588	57	3	parameters	parameter	NOUN
dem-8588	57	4	showed	show	VERB
dem-8588	57	5	calendar	calendar	NOUN
dem-8588	57	6	effects	effect	NOUN
dem-8588	57	7	in	in	ADP
dem-8588	57	8	the	the	DET
dem-8588	57	9	liquidity	liquidity	NOUN
dem-8588	57	10	measure	measure	NOUN
dem-8588	57	11	.	.	PUNCT
dem-8588	58	1	alrabadi	alrabadi	NOUN
dem-8588	58	2	(	(	PUNCT
dem-8588	58	3	2012	2012	NUM
dem-8588	58	4	)	)	PUNCT
dem-8588	58	5	investigated	investigate	VERB
dem-8588	58	6	day	day	NOUN
dem-8588	58	7	-	-	PUNCT
dem-8588	58	8	of	of	ADP
dem-8588	58	9	-	-	PUNCT
dem-8588	58	10	the	the	DET
dem-8588	58	11	-	-	PUNCT
dem-8588	58	12	week	week	NOUN
dem-8588	58	13	regularities	regularity	NOUN
dem-8588	58	14	on	on	ADP
dem-8588	58	15	the	the	DET
dem-8588	58	16	amman	amman	PROPN
dem-8588	58	17	stock	stock	PROPN
dem-8588	58	18	exchange	exchange	PROPN
dem-8588	58	19	(	(	PUNCT
dem-8588	58	20	ase	ase	NOUN
dem-8588	58	21	)	)	PUNCT
dem-8588	58	22	.	.	PUNCT
dem-8588	59	1	the	the	DET
dem-8588	59	2	author	author	NOUN
dem-8588	59	3	confirmed	confirm	VERB
dem-8588	59	4	the	the	DET
dem-8588	59	5	significant	significant	ADJ
dem-8588	59	6	seasonal	seasonal	ADJ
dem-8588	59	7	patterns	pattern	NOUN
dem-8588	59	8	in	in	ADP
dem-8588	59	9	aggregate	aggregate	ADJ
dem-8588	59	10	market	market	NOUN
dem-8588	59	11	liquidity	liquidity	NOUN
dem-8588	59	12	on	on	ADP
dem-8588	59	13	the	the	DET
dem-8588	59	14	ase	ase	NOUN
dem-8588	59	15	but	but	CCONJ
dem-8588	59	16	,	,	PUNCT
dem-8588	59	17	in	in	ADP
dem-8588	59	18	contrast	contrast	NOUN
dem-8588	59	19	to	to	ADP
dem-8588	59	20	the	the	DET
dem-8588	59	21	u.s	u.s	PROPN
dem-8588	59	22	.	.	PROPN
dem-8588	59	23	evidence	evidence	NOUN
dem-8588	59	24	of	of	ADP
dem-8588	59	25	chordia	chordia	NOUN
dem-8588	59	26	et	et	PROPN
dem-8588	59	27	al	al	PROPN
dem-8588	59	28	.	.	PROPN
dem-8588	59	29	(	(	PUNCT
dem-8588	59	30	2001	2001	NUM
dem-8588	59	31	)	)	PUNCT
dem-8588	59	32	,	,	PUNCT
dem-8588	59	33	trading	trading	NOUN
dem-8588	59	34	activity	activity	NOUN
dem-8588	59	35	reached	reach	VERB
dem-8588	59	36	its	its	PRON
dem-8588	59	37	minimum	minimum	NOUN
dem-8588	59	38	in	in	ADP
dem-8588	59	39	the	the	DET
dem-8588	59	40	middle	middle	NOUN
dem-8588	59	41	of	of	ADP
dem-8588	59	42	the	the	DET
dem-8588	59	43	week	week	NOUN
dem-8588	59	44	and	and	CCONJ
dem-8588	59	45	was	be	AUX
dem-8588	59	46	significantly	significantly	ADV
dem-8588	59	47	higher	high	ADJ
dem-8588	59	48	on	on	ADP
dem-8588	59	49	thursdays	thursday	NOUN
dem-8588	59	50	.	.	PUNCT
dem-8588	60	1	probably	probably	ADV
dem-8588	60	2	,	,	PUNCT
dem-8588	60	3	the	the	DET
dem-8588	60	4	contradictory	contradictory	ADJ
dem-8588	60	5	results	result	NOUN
dem-8588	60	6	arose	arise	VERB
dem-8588	60	7	from	from	ADP
dem-8588	60	8	the	the	DET
dem-8588	60	9	nature	nature	NOUN
dem-8588	60	10	of	of	ADP
dem-8588	60	11	the	the	DET
dem-8588	60	12	ase	ase	NOUN
dem-8588	60	13	as	as	ADP
dem-8588	60	14	an	an	DET
dem-8588	60	15	emerging	emerge	VERB
dem-8588	60	16	market	market	NOUN
dem-8588	60	17	.	.	PUNCT
dem-8588	61	1	sabina	sabina	PROPN
dem-8588	61	2	nowak	nowak	PROPN
dem-8588	61	3	,	,	PUNCT
dem-8588	61	4	joanna	joanna	PROPN
dem-8588	61	5	olbryś	olbryś	PROPN
dem-8588	61	6	dynamic	dynamic	ADJ
dem-8588	61	7	econometric	econometric	ADJ
dem-8588	61	8	models	model	NOUN
dem-8588	61	9	15	15	NUM
dem-8588	61	10	(	(	PUNCT
dem-8588	61	11	2015	2015	NUM
dem-8588	61	12	)	)	PUNCT
dem-8588	61	13	49–69	49–69	NUM
dem-8588	61	14	52	52	NUM
dem-8588	61	15	examining	examine	VERB
dem-8588	61	16	commonality	commonality	NOUN
dem-8588	61	17	in	in	ADP
dem-8588	61	18	liquidity	liquidity	NOUN
dem-8588	61	19	around	around	ADP
dem-8588	61	20	the	the	DET
dem-8588	61	21	world	world	NOUN
dem-8588	61	22	,	,	PUNCT
dem-8588	61	23	karolyi	karolyi	PROPN
dem-8588	61	24	et	et	PROPN
dem-8588	61	25	al	al	PROPN
dem-8588	61	26	.	.	PROPN
dem-8588	62	1	(	(	PUNCT
dem-8588	62	2	2012	2012	NUM
dem-8588	62	3	)	)	PUNCT
dem-8588	62	4	followed	follow	VERB
dem-8588	62	5	the	the	DET
dem-8588	62	6	approach	approach	NOUN
dem-8588	62	7	taken	take	VERB
dem-8588	62	8	by	by	ADP
dem-8588	62	9	hameed	hameed	PROPN
dem-8588	62	10	et	et	PROPN
dem-8588	62	11	al	al	PROPN
dem-8588	62	12	.	.	PROPN
dem-8588	63	1	(	(	PUNCT
dem-8588	63	2	2010	2010	NUM
dem-8588	63	3	)	)	PUNCT
dem-8588	64	1	and	and	CCONJ
dem-8588	64	2	they	they	PRON
dem-8588	64	3	measured	measure	VERB
dem-8588	64	4	whether	whether	SCONJ
dem-8588	64	5	fluctuations	fluctuation	NOUN
dem-8588	64	6	in	in	ADP
dem-8588	64	7	liquidity	liquidity	NOUN
dem-8588	64	8	of	of	ADP
dem-8588	64	9	individual	individual	ADJ
dem-8588	64	10	stocks	stock	NOUN
dem-8588	64	11	are	be	AUX
dem-8588	64	12	correlated	correlate	VERB
dem-8588	64	13	within	within	ADP
dem-8588	64	14	a	a	DET
dem-8588	64	15	country	country	NOUN
dem-8588	64	16	.	.	PUNCT
dem-8588	65	1	the	the	DET
dem-8588	65	2	authors	author	NOUN
dem-8588	65	3	employed	employ	VERB
dem-8588	65	4	the	the	DET
dem-8588	65	5	model	model	NOUN
dem-8588	65	6	with	with	ADP
dem-8588	65	7	day	day	NOUN
dem-8588	65	8	-	-	PUNCT
dem-8588	65	9	of	of	ADP
dem-8588	65	10	-	-	PUNCT
dem-8588	65	11	the	the	DET
dem-8588	65	12	-	-	PUNCT
dem-8588	65	13	week	week	NOUN
dem-8588	65	14	dummies	dummy	NOUN
dem-8588	65	15	and	and	CCONJ
dem-8588	65	16	ran	run	VERB
dem-8588	65	17	regressions	regression	NOUN
dem-8588	65	18	for	for	ADP
dem-8588	65	19	each	each	DET
dem-8588	65	20	stock	stock	NOUN
dem-8588	65	21	using	use	VERB
dem-8588	65	22	two	two	NUM
dem-8588	65	23	different	different	ADJ
dem-8588	65	24	liquidity	liquidity	NOUN
dem-8588	65	25	measures	measure	NOUN
dem-8588	65	26	.	.	PUNCT
dem-8588	66	1	the	the	DET
dem-8588	66	2	residuals	residual	NOUN
dem-8588	66	3	of	of	ADP
dem-8588	66	4	these	these	DET
dem-8588	66	5	regressions	regression	NOUN
dem-8588	66	6	were	be	AUX
dem-8588	66	7	treated	treat	VERB
dem-8588	66	8	as	as	ADP
dem-8588	66	9	the	the	DET
dem-8588	66	10	daily	daily	ADJ
dem-8588	66	11	innovations	innovation	NOUN
dem-8588	66	12	in	in	ADP
dem-8588	66	13	liquidity	liquidity	NOUN
dem-8588	66	14	and	and	CCONJ
dem-8588	66	15	they	they	PRON
dem-8588	66	16	were	be	AUX
dem-8588	66	17	subsequently	subsequently	ADV
dem-8588	66	18	used	use	VERB
dem-8588	66	19	as	as	ADP
dem-8588	66	20	the	the	DET
dem-8588	66	21	endogenous	endogenous	ADJ
dem-8588	66	22	variables	variable	NOUN
dem-8588	66	23	in	in	ADP
dem-8588	66	24	the	the	DET
dem-8588	66	25	monthly	monthly	ADJ
dem-8588	66	26	regressions	regression	NOUN
dem-8588	66	27	.	.	PUNCT
dem-8588	67	1	their	their	PRON
dem-8588	67	2	coefficients	coefficient	NOUN
dem-8588	67	3	of	of	ADP
dem-8588	67	4	determination	determination	NOUN
dem-8588	67	5	were	be	AUX
dem-8588	67	6	regarded	regard	VERB
dem-8588	67	7	as	as	ADP
dem-8588	67	8	the	the	DET
dem-8588	67	9	measures	measure	NOUN
dem-8588	67	10	of	of	ADP
dem-8588	67	11	commonality	commonality	NOUN
dem-8588	67	12	in	in	ADP
dem-8588	67	13	liquidity	liquidity	NOUN
dem-8588	67	14	of	of	ADP
dem-8588	67	15	individual	individual	ADJ
dem-8588	67	16	stocks	stock	NOUN
dem-8588	67	17	.	.	PUNCT
dem-8588	68	1	1.2	1.2	NUM
dem-8588	68	2	.	.	X
dem-8588	68	3	measuring	measure	VERB
dem-8588	68	4	of	of	ADP
dem-8588	68	5	liquidity	liquidity	NOUN
dem-8588	68	6	as	as	ADP
dem-8588	68	7	lesmond	lesmond	NOUN
dem-8588	68	8	(	(	PUNCT
dem-8588	68	9	2005	2005	NUM
dem-8588	68	10	)	)	PUNCT
dem-8588	68	11	emphasized	emphasize	VERB
dem-8588	68	12	,	,	PUNCT
dem-8588	68	13	liquidity	liquidity	NOUN
dem-8588	68	14	,	,	PUNCT
dem-8588	68	15	by	by	ADP
dem-8588	68	16	its	its	PRON
dem-8588	68	17	very	very	ADJ
dem-8588	68	18	nature	nature	NOUN
dem-8588	68	19	,	,	PUNCT
dem-8588	68	20	is	be	AUX
dem-8588	68	21	difficult	difficult	ADJ
dem-8588	68	22	to	to	PART
dem-8588	68	23	define	define	VERB
dem-8588	68	24	and	and	CCONJ
dem-8588	68	25	even	even	ADV
dem-8588	68	26	more	more	ADV
dem-8588	68	27	difficult	difficult	ADJ
dem-8588	68	28	to	to	PART
dem-8588	68	29	estimate	estimate	VERB
dem-8588	68	30	.	.	PUNCT
dem-8588	69	1	given	give	VERB
dem-8588	69	2	the	the	DET
dem-8588	69	3	uncertainty	uncertainty	NOUN
dem-8588	69	4	surrounding	surround	VERB
dem-8588	69	5	liquidity	liquidity	NOUN
dem-8588	69	6	estimation	estimation	NOUN
dem-8588	69	7	,	,	PUNCT
dem-8588	69	8	some	some	DET
dem-8588	69	9	measures	measure	NOUN
dem-8588	69	10	are	be	AUX
dem-8588	69	11	especially	especially	ADV
dem-8588	69	12	often	often	ADV
dem-8588	69	13	advocated	advocate	VERB
dem-8588	69	14	in	in	ADP
dem-8588	69	15	the	the	DET
dem-8588	69	16	literature	literature	NOUN
dem-8588	69	17	to	to	PART
dem-8588	69	18	provide	provide	VERB
dem-8588	69	19	empirical	empirical	ADJ
dem-8588	69	20	research	research	NOUN
dem-8588	69	21	in	in	ADP
dem-8588	69	22	liquidity	liquidity	NOUN
dem-8588	69	23	/	/	SYM
dem-8588	69	24	illiquidity	illiquidity	NOUN
dem-8588	69	25	effects	effect	NOUN
dem-8588	69	26	(	(	PUNCT
dem-8588	69	27	e.g.	e.g.	ADV
dem-8588	69	28	olbryś	olbryś	ADJ
dem-8588	69	29	,	,	PUNCT
dem-8588	69	30	2014a	2014a	NUM
dem-8588	69	31	;	;	PUNCT
dem-8588	69	32	2014b	2014b	NUM
dem-8588	69	33	)	)	PUNCT
dem-8588	69	34	.	.	PUNCT
dem-8588	70	1	the	the	DET
dem-8588	70	2	popular	popular	ADJ
dem-8588	70	3	measures	measure	NOUN
dem-8588	70	4	of	of	ADP
dem-8588	70	5	trading	trading	NOUN
dem-8588	70	6	activity	activity	NOUN
dem-8588	70	7	,	,	PUNCT
dem-8588	70	8	i.e.	i.e.	X
dem-8588	70	9	volume	volume	NOUN
dem-8588	70	10	,	,	PUNCT
dem-8588	70	11	dollar	dollar	NOUN
dem-8588	70	12	trading	trading	NOUN
dem-8588	70	13	volume	volume	NOUN
dem-8588	70	14	,	,	PUNCT
dem-8588	70	15	and	and	CCONJ
dem-8588	70	16	share	share	NOUN
dem-8588	70	17	or	or	CCONJ
dem-8588	70	18	market	market	NOUN
dem-8588	70	19	turnover	turnover	NOUN
dem-8588	70	20	are	be	AUX
dem-8588	70	21	among	among	ADP
dem-8588	70	22	them	they	PRON
dem-8588	70	23	.	.	PUNCT
dem-8588	71	1	the	the	DET
dem-8588	71	2	raw	raw	ADJ
dem-8588	71	3	trading	trading	NOUN
dem-8588	71	4	volume	volume	NOUN
dem-8588	71	5	is	be	AUX
dem-8588	71	6	the	the	DET
dem-8588	71	7	number	number	NOUN
dem-8588	71	8	of	of	ADP
dem-8588	71	9	shares	share	NOUN
dem-8588	71	10	traded	trade	VERB
dem-8588	71	11	.	.	PUNCT
dem-8588	72	1	the	the	DET
dem-8588	72	2	stock	stock	NOUN
dem-8588	72	3	turnover	turnover	NOUN
dem-8588	72	4	is	be	AUX
dem-8588	72	5	defined	define	VERB
dem-8588	72	6	as	as	ADP
dem-8588	72	7	the	the	DET
dem-8588	72	8	ratio	ratio	NOUN
dem-8588	72	9	of	of	ADP
dem-8588	72	10	the	the	DET
dem-8588	72	11	number	number	NOUN
dem-8588	72	12	of	of	ADP
dem-8588	72	13	shares	share	NOUN
dem-8588	72	14	traded	trade	VERB
dem-8588	72	15	in	in	ADP
dem-8588	72	16	a	a	DET
dem-8588	72	17	day	day	NOUN
dem-8588	72	18	to	to	ADP
dem-8588	72	19	the	the	DET
dem-8588	72	20	number	number	NOUN
dem-8588	72	21	of	of	ADP
dem-8588	72	22	shares	share	NOUN
dem-8588	72	23	outstanding	outstanding	ADJ
dem-8588	72	24	at	at	ADP
dem-8588	72	25	the	the	DET
dem-8588	72	26	end	end	NOUN
dem-8588	72	27	of	of	ADP
dem-8588	72	28	the	the	DET
dem-8588	72	29	day	day	NOUN
dem-8588	72	30	.	.	PUNCT
dem-8588	73	1	it	it	PRON
dem-8588	73	2	is	be	AUX
dem-8588	73	3	worthwhile	worthwhile	ADJ
dem-8588	73	4	to	to	PART
dem-8588	73	5	note	note	VERB
dem-8588	73	6	that	that	SCONJ
dem-8588	73	7	using	use	VERB
dem-8588	73	8	turnover	turnover	NOUN
dem-8588	73	9	disentangles	disentangle	VERB
dem-8588	73	10	the	the	DET
dem-8588	73	11	effect	effect	NOUN
dem-8588	73	12	of	of	ADP
dem-8588	73	13	firm	firm	ADJ
dem-8588	73	14	size	size	NOUN
dem-8588	73	15	from	from	ADP
dem-8588	73	16	the	the	DET
dem-8588	73	17	trading	trading	NOUN
dem-8588	73	18	volume	volume	NOUN
dem-8588	73	19	.	.	PUNCT
dem-8588	74	1	in	in	ADP
dem-8588	74	2	this	this	DET
dem-8588	74	3	research	research	NOUN
dem-8588	74	4	,	,	PUNCT
dem-8588	74	5	we	we	PRON
dem-8588	74	6	compute	compute	VERB
dem-8588	74	7	daily	daily	ADJ
dem-8588	74	8	turnover	turnover	NOUN
dem-8588	74	9	as	as	ADP
dem-8588	74	10	a	a	DET
dem-8588	74	11	measure	measure	NOUN
dem-8588	74	12	of	of	ADP
dem-8588	74	13	liquidity	liquidity	NOUN
dem-8588	74	14	for	for	ADP
dem-8588	74	15	stock	stock	NOUN
dem-8588	74	16	i	i	PRON
dem-8588	74	17	on	on	ADP
dem-8588	74	18	day	day	NOUN
dem-8588	74	19	d	d	NOUN
dem-8588	74	20	:	:	PUNCT
dem-8588	74	21	,	,	PUNCT
dem-8588	74	22	,	,	PUNCT
dem-8588	74	23	,	,	PUNCT
dem-8588	74	24	,	,	PUNCT
dem-8588	74	25	di	di	X
dem-8588	74	26	di	di	X
dem-8588	74	27	di	di	PROPN
dem-8588	74	28	nso	nso	PROPN
dem-8588	74	29	v	v	ADP
dem-8588	74	30	t	t	NOUN
dem-8588	74	31	=	=	SYM
dem-8588	74	32	(	(	PUNCT
dem-8588	74	33	1	1	X
dem-8588	74	34	)	)	PUNCT
dem-8588	74	35	where	where	SCONJ
dem-8588	74	36	dit	dit	NOUN
dem-8588	74	37	,	,	PUNCT
dem-8588	74	38	is	be	AUX
dem-8588	74	39	the	the	DET
dem-8588	74	40	turnover	turnover	NOUN
dem-8588	74	41	of	of	ADP
dem-8588	74	42	stock	stock	NOUN
dem-8588	74	43	i	i	PRON
dem-8588	74	44	on	on	ADP
dem-8588	74	45	day	day	NOUN
dem-8588	74	46	d	d	NOUN
dem-8588	74	47	,	,	PUNCT
dem-8588	74	48	div	div	NOUN
dem-8588	74	49	,	,	PUNCT
dem-8588	74	50	is	be	AUX
dem-8588	74	51	the	the	DET
dem-8588	74	52	trading	trading	NOUN
dem-8588	74	53	volume	volume	NOUN
dem-8588	74	54	of	of	ADP
dem-8588	74	55	stock	stock	NOUN
dem-8588	74	56	i	i	PRON
dem-8588	74	57	on	on	ADP
dem-8588	74	58	day	day	NOUN
dem-8588	74	59	d	d	PROPN
dem-8588	74	60	,	,	PUNCT
dem-8588	74	61	dinso	dinso	NOUN
dem-8588	74	62	,	,	PUNCT
dem-8588	74	63	is	be	AUX
dem-8588	74	64	the	the	DET
dem-8588	74	65	number	number	NOUN
dem-8588	74	66	of	of	ADP
dem-8588	74	67	shares	share	NOUN
dem-8588	74	68	outstanding	outstanding	ADJ
dem-8588	74	69	at	at	ADP
dem-8588	74	70	the	the	DET
dem-8588	74	71	beginning	beginning	NOUN
dem-8588	74	72	of	of	ADP
dem-8588	74	73	the	the	DET
dem-8588	74	74	quarter	quarter	NOUN
dem-8588	74	75	for	for	ADP
dem-8588	74	76	stock	stock	NOUN
dem-8588	74	77	i	i	PRON
dem-8588	74	78	on	on	ADP
dem-8588	74	79	day	day	PROPN
dem-8588	74	80	d.	d.	PROPN
dem-8588	74	81	1.3	1.3	NUM
dem-8588	74	82	.	.	PUNCT
dem-8588	75	1	econometric	econometric	ADJ
dem-8588	75	2	analysis	analysis	NOUN
dem-8588	75	3	of	of	ADP
dem-8588	75	4	day	day	NOUN
dem-8588	75	5	-	-	PUNCT
dem-8588	75	6	of	of	ADP
dem-8588	75	7	-	-	PUNCT
dem-8588	75	8	the	the	DET
dem-8588	75	9	-	-	PUNCT
dem-8588	75	10	week	week	NOUN
dem-8588	75	11	effects	effect	NOUN
dem-8588	75	12	many	many	ADJ
dem-8588	75	13	studies	study	NOUN
dem-8588	75	14	investigating	investigate	VERB
dem-8588	75	15	day	day	NOUN
dem-8588	75	16	-	-	PUNCT
dem-8588	75	17	of	of	ADP
dem-8588	75	18	-	-	PUNCT
dem-8588	75	19	the	the	DET
dem-8588	75	20	-	-	PUNCT
dem-8588	75	21	week	week	NOUN
dem-8588	75	22	effects	effect	NOUN
dem-8588	75	23	employ	employ	VERB
dem-8588	75	24	the	the	DET
dem-8588	75	25	standard	standard	ADJ
dem-8588	75	26	ols	ol	NOUN
dem-8588	75	27	methodology	methodology	NOUN
dem-8588	75	28	by	by	ADP
dem-8588	75	29	regressing	regress	VERB
dem-8588	75	30	an	an	DET
dem-8588	75	31	endogenous	endogenous	ADJ
dem-8588	75	32	variable	variable	NOUN
dem-8588	75	33	on	on	ADP
dem-8588	75	34	daily	daily	ADJ
dem-8588	75	35	dummy	dummy	ADJ
dem-8588	75	36	variables	variable	NOUN
dem-8588	75	37	.	.	PUNCT
dem-8588	76	1	however	however	ADV
dem-8588	76	2	,	,	PUNCT
dem-8588	76	3	using	use	VERB
dem-8588	76	4	that	that	DET
dem-8588	76	5	methodology	methodology	NOUN
dem-8588	76	6	has	have	VERB
dem-8588	76	7	two	two	NUM
dem-8588	76	8	disadvantages	disadvantage	NOUN
dem-8588	76	9	.	.	PUNCT
dem-8588	77	1	firstly	firstly	ADV
dem-8588	77	2	,	,	PUNCT
dem-8588	77	3	errors	error	NOUN
dem-8588	77	4	in	in	ADP
dem-8588	77	5	the	the	DET
dem-8588	77	6	model	model	NOUN
dem-8588	77	7	may	may	AUX
dem-8588	77	8	be	be	AUX
dem-8588	77	9	autocorrelated	autocorrelate	VERB
dem-8588	77	10	resulting	result	VERB
dem-8588	77	11	in	in	ADP
dem-8588	77	12	misleading	mislead	VERB
dem-8588	77	13	inferences	inference	NOUN
dem-8588	77	14	.	.	PUNCT
dem-8588	78	1	day	day	NOUN
dem-8588	78	2	-	-	PUNCT
dem-8588	78	3	of	of	ADP
dem-8588	78	4	-	-	PUNCT
dem-8588	78	5	the	the	DET
dem-8588	78	6	-	-	PUNCT
dem-8588	78	7	week	week	NOUN
dem-8588	78	8	effects	effect	NOUN
dem-8588	78	9	in	in	ADP
dem-8588	78	10	liquidity	liquidity	NOUN
dem-8588	78	11	on	on	ADP
dem-8588	78	12	the	the	DET
dem-8588	78	13	warsaw	warsaw	PROPN
dem-8588	78	14	stock	stock	PROPN
dem-8588	78	15	exchange	exchange	PROPN
dem-8588	78	16	dynamic	dynamic	ADJ
dem-8588	78	17	econometric	econometric	ADJ
dem-8588	78	18	models	model	NOUN
dem-8588	78	19	15	15	NUM
dem-8588	78	20	(	(	PUNCT
dem-8588	78	21	2015	2015	NUM
dem-8588	78	22	)	)	PUNCT
dem-8588	78	23	49–69	49–69	NUM
dem-8588	78	24	53	53	NUM
dem-8588	78	25	secondly	secondly	ADV
dem-8588	78	26	,	,	PUNCT
dem-8588	78	27	error	error	NOUN
dem-8588	78	28	variances	variance	NOUN
dem-8588	78	29	may	may	AUX
dem-8588	78	30	not	not	PART
dem-8588	78	31	be	be	AUX
dem-8588	78	32	constant	constant	ADJ
dem-8588	78	33	over	over	ADP
dem-8588	78	34	time	time	NOUN
dem-8588	78	35	(	(	PUNCT
dem-8588	78	36	kiymaz	kiymaz	NOUN
dem-8588	78	37	,	,	PUNCT
dem-8588	78	38	berument	berument	ADJ
dem-8588	78	39	,	,	PUNCT
dem-8588	78	40	2003	2003	NUM
dem-8588	78	41	)	)	PUNCT
dem-8588	78	42	.	.	PUNCT
dem-8588	79	1	hamilton	hamilton	PROPN
dem-8588	79	2	(	(	PUNCT
dem-8588	79	3	2008	2008	NUM
dem-8588	79	4	)	)	PUNCT
dem-8588	79	5	stresses	stress	VERB
dem-8588	79	6	that	that	SCONJ
dem-8588	79	7	even	even	ADV
dem-8588	79	8	if	if	SCONJ
dem-8588	79	9	the	the	DET
dem-8588	79	10	researcher	researcher	NOUN
dem-8588	79	11	’s	’s	PART
dem-8588	79	12	primary	primary	ADJ
dem-8588	79	13	interest	interest	NOUN
dem-8588	79	14	is	be	AUX
dem-8588	79	15	in	in	ADP
dem-8588	79	16	estimating	estimate	VERB
dem-8588	79	17	the	the	DET
dem-8588	79	18	conditional	conditional	ADJ
dem-8588	79	19	mean	mean	NOUN
dem-8588	79	20	,	,	PUNCT
dem-8588	79	21	having	have	VERB
dem-8588	79	22	a	a	DET
dem-8588	79	23	correct	correct	ADJ
dem-8588	79	24	description	description	NOUN
dem-8588	79	25	of	of	ADP
dem-8588	79	26	the	the	DET
dem-8588	79	27	conditional	conditional	ADJ
dem-8588	79	28	variance	variance	NOUN
dem-8588	79	29	can	can	AUX
dem-8588	79	30	still	still	ADV
dem-8588	79	31	be	be	AUX
dem-8588	79	32	quite	quite	ADV
dem-8588	79	33	important	important	ADJ
dem-8588	79	34	.	.	PUNCT
dem-8588	80	1	by	by	ADP
dem-8588	80	2	incorporating	incorporate	VERB
dem-8588	80	3	the	the	DET
dem-8588	80	4	observed	observed	ADJ
dem-8588	80	5	features	feature	NOUN
dem-8588	80	6	of	of	ADP
dem-8588	80	7	the	the	DET
dem-8588	80	8	heteroskedasticity	heteroskedasticity	NOUN
dem-8588	80	9	into	into	ADP
dem-8588	80	10	the	the	DET
dem-8588	80	11	estimation	estimation	NOUN
dem-8588	80	12	of	of	ADP
dem-8588	80	13	the	the	DET
dem-8588	80	14	conditional	conditional	ADJ
dem-8588	80	15	mean	mean	NOUN
dem-8588	80	16	,	,	PUNCT
dem-8588	80	17	substantially	substantially	ADV
dem-8588	80	18	more	more	ADV
dem-8588	80	19	efficient	efficient	ADJ
dem-8588	80	20	estimates	estimate	NOUN
dem-8588	80	21	of	of	ADP
dem-8588	80	22	the	the	DET
dem-8588	80	23	conditional	conditional	ADJ
dem-8588	80	24	mean	mean	NOUN
dem-8588	80	25	can	can	AUX
dem-8588	80	26	be	be	AUX
dem-8588	80	27	obtained	obtain	VERB
dem-8588	80	28	.	.	PUNCT
dem-8588	81	1	to	to	PART
dem-8588	81	2	account	account	VERB
dem-8588	81	3	for	for	ADP
dem-8588	81	4	daily	daily	ADJ
dem-8588	81	5	seasonality	seasonality	NOUN
dem-8588	81	6	,	,	PUNCT
dem-8588	81	7	dummy	dummy	ADJ
dem-8588	81	8	variables	variable	NOUN
dem-8588	81	9	are	be	AUX
dem-8588	81	10	incorporated	incorporate	VERB
dem-8588	81	11	into	into	ADP
dem-8588	81	12	the	the	DET
dem-8588	81	13	model	model	NOUN
dem-8588	81	14	.	.	PUNCT
dem-8588	82	1	in	in	ADP
dem-8588	82	2	order	order	NOUN
dem-8588	82	3	to	to	PART
dem-8588	82	4	avoid	avoid	VERB
dem-8588	82	5	the	the	DET
dem-8588	82	6	dummy	dummy	ADJ
dem-8588	82	7	variable	variable	NOUN
dem-8588	82	8	trap	trap	NOUN
dem-8588	82	9	(	(	PUNCT
dem-8588	82	10	foster	foster	PROPN
dem-8588	82	11	,	,	PUNCT
dem-8588	82	12	viswanathan	viswanathan	PROPN
dem-8588	82	13	,	,	PUNCT
dem-8588	82	14	1993	1993	NUM
dem-8588	82	15	)	)	PUNCT
dem-8588	82	16	,	,	PUNCT
dem-8588	82	17	one	one	NUM
dem-8588	82	18	selected	select	VERB
dem-8588	82	19	dummy	dummy	NOUN
dem-8588	82	20	is	be	AUX
dem-8588	82	21	always	always	ADV
dem-8588	82	22	excluded	exclude	VERB
dem-8588	82	23	from	from	ADP
dem-8588	82	24	the	the	DET
dem-8588	82	25	regression	regression	NOUN
dem-8588	82	26	.	.	PUNCT
dem-8588	83	1	as	as	SCONJ
dem-8588	83	2	the	the	DET
dem-8588	83	3	main	main	ADJ
dem-8588	83	4	aim	aim	NOUN
dem-8588	83	5	of	of	ADP
dem-8588	83	6	the	the	DET
dem-8588	83	7	research	research	NOUN
dem-8588	83	8	is	be	AUX
dem-8588	83	9	to	to	PART
dem-8588	83	10	examine	examine	VERB
dem-8588	83	11	an	an	DET
dem-8588	83	12	inverted	inverted	ADJ
dem-8588	83	13	u	u	NOUN
dem-8588	83	14	-	-	NOUN
dem-8588	83	15	shape	shape	NOUN
dem-8588	83	16	in	in	ADP
dem-8588	83	17	the	the	DET
dem-8588	83	18	stock	stock	NOUN
dem-8588	83	19	turnover	turnover	NOUN
dem-8588	83	20	on	on	ADP
dem-8588	83	21	the	the	DET
dem-8588	83	22	wse	wse	NOUN
dem-8588	83	23	,	,	PUNCT
dem-8588	83	24	three	three	NUM
dem-8588	83	25	different	different	ADJ
dem-8588	83	26	versions	version	NOUN
dem-8588	83	27	of	of	ADP
dem-8588	83	28	the	the	DET
dem-8588	83	29	model	model	NOUN
dem-8588	83	30	are	be	AUX
dem-8588	83	31	employed	employ	VERB
dem-8588	83	32	.	.	PUNCT
dem-8588	84	1	the	the	DET
dem-8588	84	2	first	first	ADJ
dem-8588	84	3	version	version	NOUN
dem-8588	84	4	excludes	exclude	VERB
dem-8588	84	5	the	the	DET
dem-8588	84	6	dummy	dummy	ADJ
dem-8588	84	7	variable	variable	NOUN
dem-8588	84	8	for	for	ADP
dem-8588	84	9	monday	monday	PROPN
dem-8588	84	10	,	,	PUNCT
dem-8588	84	11	the	the	DET
dem-8588	84	12	second	second	ADJ
dem-8588	84	13	for	for	ADP
dem-8588	84	14	wednesday	wednesday	PROPN
dem-8588	84	15	,	,	PUNCT
dem-8588	84	16	and	and	CCONJ
dem-8588	84	17	the	the	DET
dem-8588	84	18	third	third	NOUN
dem-8588	84	19	for	for	ADP
dem-8588	84	20	friday	friday	PROPN
dem-8588	84	21	.	.	PUNCT
dem-8588	85	1	finally	finally	ADV
dem-8588	85	2	,	,	PUNCT
dem-8588	85	3	for	for	ADP
dem-8588	85	4	each	each	DET
dem-8588	85	5	stock	stock	NOUN
dem-8588	85	6	,	,	PUNCT
dem-8588	85	7	daily	daily	ADJ
dem-8588	85	8	turnover	turnover	NOUN
dem-8588	85	9	(	(	PUNCT
dem-8588	85	10	1	1	NUM
dem-8588	85	11	)	)	PUNCT
dem-8588	85	12	on	on	ADP
dem-8588	85	13	day	day	NOUN
dem-8588	85	14	t	t	PROPN
dem-8588	85	15	is	be	AUX
dem-8588	85	16	composed	compose	VERB
dem-8588	85	17	of	of	ADP
dem-8588	85	18	a	a	DET
dem-8588	85	19	fixed	fix	VERB
dem-8588	85	20	effect	effect	NOUN
dem-8588	85	21	for	for	ADP
dem-8588	85	22	monday	monday	PROPN
dem-8588	85	23	(	(	PUNCT
dem-8588	85	24	wednesday	wednesday	PROPN
dem-8588	85	25	,	,	PUNCT
dem-8588	85	26	friday	friday	PROPN
dem-8588	85	27	)	)	PUNCT
dem-8588	85	28	(	(	PUNCT
dem-8588	85	29	0a	0a	PROPN
dem-8588	85	30	)	)	PUNCT
dem-8588	85	31	,	,	PUNCT
dem-8588	85	32	an	an	DET
dem-8588	85	33	inter	inter	ADJ
dem-8588	85	34	-	-	ADJ
dem-8588	85	35	day	day	ADJ
dem-8588	85	36	adjustment	adjustment	NOUN
dem-8588	85	37	for	for	ADP
dem-8588	85	38	days	day	NOUN
dem-8588	85	39	other	other	ADJ
dem-8588	85	40	than	than	ADP
dem-8588	85	41	monday	monday	PROPN
dem-8588	85	42	(	(	PUNCT
dem-8588	85	43	wednesday	wednesday	PROPN
dem-8588	85	44	,	,	PUNCT
dem-8588	85	45	friday	friday	PROPN
dem-8588	85	46	)	)	PUNCT
dem-8588	85	47	,	,	PUNCT
dem-8588	85	48	and	and	CCONJ
dem-8588	85	49	an	an	DET
dem-8588	85	50	idiosyncratic	idiosyncratic	ADJ
dem-8588	85	51	error	error	NOUN
dem-8588	85	52	term	term	NOUN
dem-8588	85	53	with	with	ADP
dem-8588	85	54	zero	zero	NUM
dem-8588	85	55	expected	expect	VERB
dem-8588	85	56	value	value	NOUN
dem-8588	85	57	(	(	PUNCT
dem-8588	85	58	tε	tε	NOUN
dem-8588	85	59	)	)	PUNCT
dem-8588	85	60	.	.	PUNCT
dem-8588	86	1	the	the	DET
dem-8588	86	2	model	model	NOUN
dem-8588	86	3	describing	describe	VERB
dem-8588	86	4	the	the	DET
dem-8588	86	5	effect	effect	NOUN
dem-8588	86	6	for	for	ADP
dem-8588	86	7	monday	monday	PROPN
dem-8588	86	8	is	be	AUX
dem-8588	86	9	given	give	VERB
dem-8588	86	10	as	as	SCONJ
dem-8588	86	11	follows	follow	VERB
dem-8588	86	12	:	:	PUNCT
dem-8588	86	13	∑	∑	PUNCT
dem-8588	86	14	=	=	PUNCT
dem-8588	87	1	+	+	PROPN
dem-8588	87	2	+	+	NOUN
dem-8588	87	3	=	=	SYM
dem-8588	87	4	5	5	NUM
dem-8588	87	5	2	2	NUM
dem-8588	87	6	,	,	PUNCT
dem-8588	87	7	0	0	NUM
dem-8588	87	8	j	j	PROPN
dem-8588	87	9	ttjjt	ttjjt	PROPN
dem-8588	87	10	dbat	dbat	PROPN
dem-8588	87	11	ε	ε	PROPN
dem-8588	87	12	(	(	PUNCT
dem-8588	87	13	2	2	NUM
dem-8588	87	14	)	)	PUNCT
dem-8588	87	15	where	where	SCONJ
dem-8588	87	16	5,4,3,2,1	5,4,3,2,1	NUM
dem-8588	87	17	,	,	PUNCT
dem-8588	87	18	,	,	PUNCT
dem-8588	87	19	=	=	PRON
dem-8588	87	20	jd	jd	X
dem-8588	87	21	tj	tj	X
dem-8588	87	22	are	be	AUX
dem-8588	87	23	the	the	DET
dem-8588	87	24	dummy	dummy	ADJ
dem-8588	87	25	variables	variable	NOUN
dem-8588	87	26	for	for	ADP
dem-8588	87	27	monday	monday	PROPN
dem-8588	87	28	(	(	PUNCT
dem-8588	87	29	j=1	j=1	PROPN
dem-8588	87	30	)	)	PUNCT
dem-8588	87	31	,	,	PUNCT
dem-8588	87	32	tuesday	tuesday	PROPN
dem-8588	87	33	(	(	PUNCT
dem-8588	87	34	j=2	j=2	PROPN
dem-8588	87	35	)	)	PUNCT
dem-8588	87	36	,	,	PUNCT
dem-8588	87	37	wednesday	wednesday	PROPN
dem-8588	87	38	(	(	PUNCT
dem-8588	87	39	j=3	j=3	PROPN
dem-8588	87	40	)	)	PUNCT
dem-8588	87	41	,	,	PUNCT
dem-8588	87	42	thursday	thursday	PROPN
dem-8588	87	43	(	(	PUNCT
dem-8588	87	44	j=4	j=4	NOUN
dem-8588	87	45	)	)	PUNCT
dem-8588	87	46	and	and	CCONJ
dem-8588	87	47	friday	friday	PROPN
dem-8588	87	48	(	(	PUNCT
dem-8588	87	49	j=5	j=5	PROPN
dem-8588	87	50	)	)	PUNCT
dem-8588	87	51	at	at	ADP
dem-8588	87	52	time	time	NOUN
dem-8588	87	53	t	t	PROPN
dem-8588	87	54	,	,	PUNCT
dem-8588	87	55	respectively	respectively	ADV
dem-8588	87	56	,	,	PUNCT
dem-8588	87	57	5,4,3,2,1	5,4,3,2,1	NUM
dem-8588	87	58	,	,	PUNCT
dem-8588	87	59	=	=	NOUN
dem-8588	87	60	jb	jb	PROPN
dem-8588	87	61	j	j	PROPN
dem-8588	87	62	are	be	AUX
dem-8588	87	63	the	the	DET
dem-8588	87	64	corresponding	corresponding	ADJ
dem-8588	87	65	coefficients	coefficient	NOUN
dem-8588	87	66	.	.	PUNCT
dem-8588	88	1	the	the	DET
dem-8588	88	2	respective	respective	ADJ
dem-8588	88	3	models	model	NOUN
dem-8588	88	4	for	for	ADP
dem-8588	88	5	wednesday	wednesday	PROPN
dem-8588	88	6	and	and	CCONJ
dem-8588	88	7	friday	friday	PROPN
dem-8588	88	8	effects	effect	NOUN
dem-8588	88	9	are	be	AUX
dem-8588	88	10	also	also	ADV
dem-8588	88	11	considered1	considered1	NOUN
dem-8588	88	12	.	.	PUNCT
dem-8588	89	1	the	the	DET
dem-8588	89	2	values	value	NOUN
dem-8588	89	3	of	of	ADP
dem-8588	89	4	the	the	DET
dem-8588	89	5	coefficients	coefficient	NOUN
dem-8588	89	6	of	of	ADP
dem-8588	89	7	the	the	DET
dem-8588	89	8	dummy	dummy	ADJ
dem-8588	89	9	variables	variable	NOUN
dem-8588	89	10	are	be	AUX
dem-8588	89	11	central	central	ADJ
dem-8588	89	12	to	to	PART
dem-8588	89	13	test	test	VERB
dem-8588	89	14	for	for	ADP
dem-8588	89	15	inter	inter	ADJ
dem-8588	89	16	-	-	ADJ
dem-8588	89	17	day	day	ADJ
dem-8588	89	18	variations	variation	NOUN
dem-8588	89	19	in	in	ADP
dem-8588	89	20	daily	daily	ADJ
dem-8588	89	21	turnover	turnover	NOUN
dem-8588	89	22	.	.	PUNCT
dem-8588	90	1	we	we	PRON
dem-8588	90	2	initially	initially	ADV
dem-8588	90	3	estimate	estimate	VERB
dem-8588	90	4	day	day	NOUN
dem-8588	90	5	-	-	PUNCT
dem-8588	90	6	of	of	ADP
dem-8588	90	7	-	-	PUNCT
dem-8588	90	8	the	the	DET
dem-8588	90	9	1	1	NUM
dem-8588	90	10	in	in	ADP
dem-8588	90	11	the	the	DET
dem-8588	90	12	first	first	ADJ
dem-8588	90	13	version	version	NOUN
dem-8588	90	14	of	of	ADP
dem-8588	90	15	the	the	DET
dem-8588	90	16	research	research	NOUN
dem-8588	90	17	in	in	ADP
dem-8588	90	18	order	order	NOUN
dem-8588	90	19	to	to	PART
dem-8588	90	20	address	address	VERB
dem-8588	90	21	the	the	DET
dem-8588	90	22	autocorrelation	autocorrelation	NOUN
dem-8588	90	23	problem	problem	NOUN
dem-8588	90	24	the	the	DET
dem-8588	90	25	lagged	lag	VERB
dem-8588	90	26	values	value	NOUN
dem-8588	90	27	of	of	ADP
dem-8588	90	28	the	the	DET
dem-8588	90	29	variable	variable	NOUN
dem-8588	90	30	tt	tt	PROPN
dem-8588	90	31	were	be	AUX
dem-8588	90	32	included	include	VERB
dem-8588	90	33	as	as	ADP
dem-8588	90	34	the	the	DET
dem-8588	90	35	explanatory	explanatory	ADJ
dem-8588	90	36	variables	variable	NOUN
dem-8588	90	37	in	in	ADP
dem-8588	90	38	the	the	DET
dem-8588	90	39	model	model	NOUN
dem-8588	90	40	(	(	PUNCT
dem-8588	90	41	2	2	NUM
dem-8588	90	42	)	)	PUNCT
dem-8588	90	43	.	.	PUNCT
dem-8588	91	1	in	in	ADP
dem-8588	91	2	order	order	NOUN
dem-8588	91	3	to	to	PART
dem-8588	91	4	capture	capture	VERB
dem-8588	91	5	a	a	DET
dem-8588	91	6	one	one	NUM
dem-8588	91	7	week	week	NOUN
dem-8588	91	8	delay	delay	NOUN
dem-8588	91	9	,	,	PUNCT
dem-8588	91	10	the	the	DET
dem-8588	91	11	lag	lag	NOUN
dem-8588	91	12	equal	equal	ADJ
dem-8588	91	13	to	to	ADP
dem-8588	91	14	5	5	NUM
dem-8588	91	15	was	be	AUX
dem-8588	91	16	considered	consider	VERB
dem-8588	91	17	.	.	PUNCT
dem-8588	92	1	however	however	ADV
dem-8588	92	2	,	,	PUNCT
dem-8588	92	3	employing	employ	VERB
dem-8588	92	4	ar	ar	NOUN
dem-8588	92	5	part	part	NOUN
dem-8588	92	6	in	in	ADP
dem-8588	92	7	formula	formula	NOUN
dem-8588	92	8	(	(	PUNCT
dem-8588	92	9	2	2	X
dem-8588	92	10	)	)	PUNCT
dem-8588	92	11	did	do	AUX
dem-8588	92	12	not	not	PART
dem-8588	92	13	substantially	substantially	ADV
dem-8588	92	14	improve	improve	VERB
dem-8588	92	15	the	the	DET
dem-8588	92	16	values	value	NOUN
dem-8588	92	17	of	of	ADP
dem-8588	92	18	the	the	DET
dem-8588	92	19	lagrange	lagrange	NOUN
dem-8588	92	20	multiplier	multipli	ADJ
dem-8588	92	21	statistics	statistic	NOUN
dem-8588	92	22	of	of	ADP
dem-8588	92	23	the	the	DET
dem-8588	92	24	breusch	breusch	ADJ
dem-8588	92	25	-	-	PUNCT
dem-8588	92	26	godfrey	godfrey	NOUN
dem-8588	92	27	test	test	NOUN
dem-8588	92	28	for	for	ADP
dem-8588	92	29	autocorrelation	autocorrelation	NOUN
dem-8588	92	30	of	of	ADP
dem-8588	92	31	order	order	NOUN
dem-8588	92	32	5	5	NUM
dem-8588	92	33	–	–	PUNCT
dem-8588	92	34	the	the	DET
dem-8588	92	35	hypothesis	hypothesis	NOUN
dem-8588	92	36	of	of	ADP
dem-8588	92	37	no	no	DET
dem-8588	92	38	autocorrelation	autocorrelation	NOUN
dem-8588	92	39	was	be	AUX
dem-8588	92	40	continually	continually	ADV
dem-8588	92	41	rejected	reject	VERB
dem-8588	92	42	.	.	PUNCT
dem-8588	93	1	the	the	DET
dem-8588	93	2	ols	ols	PROPN
dem-8588	93	3	estimator	estimator	NOUN
dem-8588	93	4	was	be	AUX
dem-8588	93	5	therefore	therefore	ADV
dem-8588	93	6	inconsistent	inconsistent	ADJ
dem-8588	93	7	.	.	PUNCT
dem-8588	94	1	sabina	sabina	PROPN
dem-8588	94	2	nowak	nowak	PROPN
dem-8588	94	3	,	,	PUNCT
dem-8588	94	4	joanna	joanna	PROPN
dem-8588	94	5	olbryś	olbryś	PROPN
dem-8588	94	6	dynamic	dynamic	ADJ
dem-8588	94	7	econometric	econometric	ADJ
dem-8588	94	8	models	model	NOUN
dem-8588	94	9	15	15	NUM
dem-8588	94	10	(	(	PUNCT
dem-8588	94	11	2015	2015	NUM
dem-8588	94	12	)	)	PUNCT
dem-8588	94	13	49–69	49–69	NUM
dem-8588	94	14	54	54	NUM
dem-8588	94	15	week	week	NOUN
dem-8588	94	16	effects	effect	NOUN
dem-8588	94	17	in	in	ADP
dem-8588	94	18	eq	eq	ADP
dem-8588	94	19	.	.	PUNCT
dem-8588	95	1	(	(	PUNCT
dem-8588	95	2	2	2	NUM
dem-8588	95	3	)	)	PUNCT
dem-8588	95	4	by	by	ADP
dem-8588	95	5	using	use	VERB
dem-8588	95	6	the	the	DET
dem-8588	95	7	ols	ol	NOUN
dem-8588	95	8	method	method	NOUN
dem-8588	95	9	and	and	CCONJ
dem-8588	95	10	the	the	DET
dem-8588	95	11	robust	robust	ADJ
dem-8588	95	12	hac	hac	NOUN
dem-8588	95	13	estimates2	estimates2	NOUN
dem-8588	95	14	.	.	PUNCT
dem-8588	96	1	however	however	ADV
dem-8588	96	2	,	,	PUNCT
dem-8588	96	3	the	the	DET
dem-8588	96	4	newey	newey	PROPN
dem-8588	96	5	-	-	PUNCT
dem-8588	96	6	west	west	ADJ
dem-8588	96	7	corrections	correction	NOUN
dem-8588	96	8	may	may	AUX
dem-8588	96	9	not	not	PART
dem-8588	96	10	fully	fully	ADV
dem-8588	96	11	correct	correct	ADJ
dem-8588	96	12	for	for	ADP
dem-8588	96	13	the	the	DET
dem-8588	96	14	influence	influence	NOUN
dem-8588	96	15	problems	problem	NOUN
dem-8588	96	16	introduced	introduce	VERB
dem-8588	96	17	by	by	ADP
dem-8588	96	18	the	the	DET
dem-8588	96	19	arch	arch	ADJ
dem-8588	96	20	effect	effect	NOUN
dem-8588	96	21	.	.	PUNCT
dem-8588	97	1	for	for	ADP
dem-8588	97	2	this	this	DET
dem-8588	97	3	reason	reason	NOUN
dem-8588	97	4	,	,	PUNCT
dem-8588	97	5	the	the	DET
dem-8588	97	6	estimation	estimation	NOUN
dem-8588	97	7	of	of	ADP
dem-8588	97	8	the	the	DET
dem-8588	97	9	day	day	NOUN
dem-8588	97	10	-	-	PUNCT
dem-8588	97	11	of	of	ADP
dem-8588	97	12	-	-	PUNCT
dem-8588	97	13	the	the	DET
dem-8588	97	14	-	-	PUNCT
dem-8588	97	15	week	week	NOUN
dem-8588	97	16	effect	effect	NOUN
dem-8588	97	17	model	model	NOUN
dem-8588	97	18	as	as	ADP
dem-8588	97	19	a	a	DET
dem-8588	97	20	garch	garch	NOUN
dem-8588	97	21	-	-	PUNCT
dem-8588	97	22	type	type	NOUN
dem-8588	97	23	model	model	NOUN
dem-8588	97	24	is	be	AUX
dem-8588	97	25	appropriate	appropriate	ADJ
dem-8588	97	26	for	for	ADP
dem-8588	97	27	this	this	DET
dem-8588	97	28	study	study	NOUN
dem-8588	97	29	.	.	PUNCT
dem-8588	98	1	to	to	PART
dem-8588	98	2	test	test	VERB
dem-8588	98	3	for	for	ADP
dem-8588	98	4	the	the	DET
dem-8588	98	5	arch	arch	ADJ
dem-8588	98	6	effect	effect	NOUN
dem-8588	98	7	,	,	PUNCT
dem-8588	98	8	the	the	DET
dem-8588	98	9	test	test	NOUN
dem-8588	98	10	of	of	ADP
dem-8588	98	11	engle	engle	PROPN
dem-8588	98	12	(	(	PUNCT
dem-8588	98	13	1982	1982	NUM
dem-8588	98	14	)	)	PUNCT
dem-8588	98	15	with	with	ADP
dem-8588	98	16	the	the	DET
dem-8588	98	17	lagrange	lagrange	NOUN
dem-8588	98	18	multiplier	multiplier	ADV
dem-8588	98	19	(	(	PUNCT
dem-8588	98	20	lm	lm	INTJ
dem-8588	98	21	)	)	PUNCT
dem-8588	98	22	statistic	statistic	NOUN
dem-8588	98	23	is	be	AUX
dem-8588	98	24	employed	employ	VERB
dem-8588	98	25	.	.	PUNCT
dem-8588	99	1	in	in	ADP
dem-8588	99	2	order	order	NOUN
dem-8588	99	3	to	to	PART
dem-8588	99	4	test	test	VERB
dem-8588	99	5	the	the	DET
dem-8588	99	6	presence	presence	NOUN
dem-8588	99	7	of	of	ADP
dem-8588	99	8	seasonality	seasonality	NOUN
dem-8588	99	9	anomalies	anomaly	NOUN
dem-8588	99	10	in	in	ADP
dem-8588	99	11	stock	stock	NOUN
dem-8588	99	12	returns	return	NOUN
dem-8588	99	13	,	,	PUNCT
dem-8588	99	14	volatility	volatility	NOUN
dem-8588	99	15	or	or	CCONJ
dem-8588	99	16	liquidity	liquidity	NOUN
dem-8588	99	17	,	,	PUNCT
dem-8588	99	18	various	various	ADJ
dem-8588	99	19	versions	version	NOUN
dem-8588	99	20	of	of	ADP
dem-8588	99	21	garch	garch	NOUN
dem-8588	99	22	-	-	PUNCT
dem-8588	99	23	type	type	NOUN
dem-8588	99	24	models	model	NOUN
dem-8588	99	25	(	(	PUNCT
dem-8588	99	26	bollerslev	bollerslev	ADJ
dem-8588	99	27	,	,	PUNCT
dem-8588	99	28	1986	1986	NUM
dem-8588	99	29	)	)	PUNCT
dem-8588	99	30	have	have	AUX
dem-8588	99	31	been	be	AUX
dem-8588	99	32	applied	apply	VERB
dem-8588	99	33	in	in	ADP
dem-8588	99	34	the	the	DET
dem-8588	99	35	literature	literature	NOUN
dem-8588	99	36	(	(	PUNCT
dem-8588	99	37	e.g.	e.g.	ADV
dem-8588	99	38	choudhry	choudhry	NOUN
dem-8588	99	39	,	,	PUNCT
dem-8588	99	40	2000	2000	NUM
dem-8588	99	41	;	;	PUNCT
dem-8588	99	42	franses	franse	NOUN
dem-8588	99	43	,	,	PUNCT
dem-8588	99	44	paap	paap	INTJ
dem-8588	99	45	,	,	PUNCT
dem-8588	99	46	2000	2000	NUM
dem-8588	99	47	;	;	PUNCT
dem-8588	99	48	berument	berument	ADJ
dem-8588	99	49	,	,	PUNCT
dem-8588	99	50	kiymaz	kiymaz	NOUN
dem-8588	99	51	,	,	PUNCT
dem-8588	99	52	2001	2001	NUM
dem-8588	99	53	;	;	PUNCT
dem-8588	99	54	kiymaz	kiymaz	NOUN
dem-8588	99	55	,	,	PUNCT
dem-8588	99	56	berument	berument	ADJ
dem-8588	99	57	,	,	PUNCT
dem-8588	99	58	2003	2003	NUM
dem-8588	99	59	;	;	PUNCT
dem-8588	99	60	apolinario	apolinario	PROPN
dem-8588	99	61	et	et	PROPN
dem-8588	99	62	al	al	PROPN
dem-8588	99	63	.	.	PROPN
dem-8588	99	64	,	,	PUNCT
dem-8588	99	65	2006	2006	NUM
dem-8588	99	66	;	;	PUNCT
dem-8588	99	67	žikeš	žikeš	NUM
dem-8588	99	68	,	,	PUNCT
dem-8588	99	69	bubák	bubák	PRON
dem-8588	99	70	,	,	PUNCT
dem-8588	99	71	2006	2006	NUM
dem-8588	99	72	;	;	PUNCT
dem-8588	99	73	alrabadi	alrabadi	NOUN
dem-8588	99	74	,	,	PUNCT
dem-8588	99	75	2012	2012	NUM
dem-8588	99	76	)	)	PUNCT
dem-8588	99	77	.	.	PUNCT
dem-8588	100	1	in	in	ADP
dem-8588	100	2	this	this	DET
dem-8588	100	3	research	research	NOUN
dem-8588	100	4	,	,	PUNCT
dem-8588	100	5	the	the	DET
dem-8588	100	6	garch(p	garch(p	PROPN
dem-8588	100	7	,	,	PUNCT
dem-8588	100	8	q	q	NOUN
dem-8588	100	9	)	)	PUNCT
dem-8588	100	10	model	model	NOUN
dem-8588	100	11	is	be	AUX
dem-8588	100	12	utilised	utilise	VERB
dem-8588	100	13	.	.	PUNCT
dem-8588	101	1	according	accord	VERB
dem-8588	101	2	to	to	ADP
dem-8588	101	3	the	the	DET
dem-8588	101	4	literature	literature	NOUN
dem-8588	101	5	,	,	PUNCT
dem-8588	101	6	the	the	DET
dem-8588	101	7	lower	low	ADJ
dem-8588	101	8	order	order	NOUN
dem-8588	101	9	garch(p	garch(p	NOUN
dem-8588	101	10	,	,	PUNCT
dem-8588	101	11	q	q	NOUN
dem-8588	101	12	)	)	PUNCT
dem-8588	101	13	,	,	PUNCT
dem-8588	101	14	p	p	X
dem-8588	101	15	,	,	PUNCT
dem-8588	101	16	q	q	NOUN
dem-8588	101	17	=	=	SYM
dem-8588	101	18	1	1	NUM
dem-8588	101	19	,	,	PUNCT
dem-8588	101	20	2	2	NUM
dem-8588	101	21	,	,	PUNCT
dem-8588	101	22	models	model	NOUN
dem-8588	101	23	are	be	AUX
dem-8588	101	24	used	use	VERB
dem-8588	101	25	in	in	ADP
dem-8588	101	26	most	most	ADJ
dem-8588	101	27	applications	application	NOUN
dem-8588	101	28	(	(	PUNCT
dem-8588	101	29	tsay	tsay	PROPN
dem-8588	101	30	,	,	PUNCT
dem-8588	101	31	2010	2010	NUM
dem-8588	101	32	)	)	PUNCT
dem-8588	101	33	.	.	PUNCT
dem-8588	102	1	the	the	DET
dem-8588	102	2	garch(p	garch(p	PROPN
dem-8588	102	3	,	,	PUNCT
dem-8588	102	4	q	q	NOUN
dem-8588	102	5	)	)	PUNCT
dem-8588	102	6	models	model	NOUN
dem-8588	102	7	are	be	AUX
dem-8588	102	8	usually	usually	ADV
dem-8588	102	9	compared	compare	VERB
dem-8588	102	10	and	and	CCONJ
dem-8588	102	11	selected	select	VERB
dem-8588	102	12	by	by	ADP
dem-8588	102	13	the	the	DET
dem-8588	102	14	akaike	akaike	ADJ
dem-8588	102	15	(	(	PUNCT
dem-8588	102	16	aic	aic	PROPN
dem-8588	102	17	)	)	PUNCT
dem-8588	102	18	and	and	CCONJ
dem-8588	102	19	schwarz	schwarz	PROPN
dem-8588	102	20	(	(	PUNCT
dem-8588	102	21	sc	sc	PROPN
dem-8588	102	22	)	)	PUNCT
dem-8588	102	23	information	information	NOUN
dem-8588	102	24	criteria3	criteria3	PROPN
dem-8588	102	25	.	.	PUNCT
dem-8588	103	1	the	the	DET
dem-8588	103	2	garch(p	garch(p	PROPN
dem-8588	103	3	,	,	PUNCT
dem-8588	103	4	q	q	NOUN
dem-8588	103	5	)	)	PUNCT
dem-8588	103	6	model	model	NOUN
dem-8588	103	7	,	,	PUNCT
dem-8588	103	8	with	with	ADP
dem-8588	103	9	the	the	DET
dem-8588	103	10	excluded	exclude	VERB
dem-8588	103	11	monday	monday	PROPN
dem-8588	103	12	dummy	dummy	ADJ
dem-8588	103	13	variable	variable	NOUN
dem-8588	103	14	,	,	PUNCT
dem-8588	103	15	is	be	AUX
dem-8588	103	16	given	give	VERB
dem-8588	103	17	by	by	ADP
dem-8588	103	18	eq	eq	PROPN
dem-8588	103	19	.	.	PUNCT
dem-8588	104	1	(	(	PUNCT
dem-8588	104	2	3	3	NUM
dem-8588	104	3	):	):	PUNCT
dem-8588	104	4	,	,	PUNCT
dem-8588	104	5	0,,,1,0,0,,,1,0,0	0,,,1,0,0,,,1,0,0	NOUN
dem-8588	104	6	,	,	PUNCT
dem-8588	104	7	)	)	PUNCT
dem-8588	104	8	,	,	PUNCT
dem-8588	104	9	1,0(~	1,0(~	NUM
dem-8588	104	10	,	,	PUNCT
dem-8588	104	11	0	0	NUM
dem-8588	104	12	11	11	NUM
dem-8588	104	13	2	2	NUM
dem-8588	104	14	0	0	NUM
dem-8588	104	15	5	5	NUM
dem-8588	104	16	2	2	NUM
dem-8588	104	17	,	,	PUNCT
dem-8588	104	18	0	0	NUM
dem-8588	104	19	≥=≥>=≥	≥=≥>=≥	NOUN
dem-8588	104	20	>	>	X
dem-8588	104	21	⋅+⋅+=	⋅+⋅+=	NOUN
dem-8588	104	22	=	=	PUNCT
dem-8588	105	1	+	+	PROPN
dem-8588	105	2	+	+	NOUN
dem-8588	105	3	=	=	X
dem-8588	105	4	∑∑	∑∑	PROPN
dem-8588	105	5	∑	∑	PUNCT
dem-8588	105	6	=	=	SYM
dem-8588	105	7	−	−	PROPN
dem-8588	105	8	=	=	SYM
dem-8588	106	1	−	−	PROPN
dem-8588	107	1	=	=	PUNCT
dem-8588	107	2	pplqqk	pplqqk	NOUN
dem-8588	107	3	hh	hh	PROPN
dem-8588	107	4	nzhz	nzhz	AUX
dem-8588	107	5	dbat	dbat	VERB
dem-8588	108	1	lk	lk	PROPN
dem-8588	108	2	p	p	PROPN
dem-8588	108	3	l	l	PROPN
dem-8588	108	4	ltl	ltl	PROPN
dem-8588	108	5	q	q	PROPN
dem-8588	108	6	k	k	PROPN
dem-8588	108	7	ktkt	ktkt	PROPN
dem-8588	108	8	tttt	tttt	INTJ
dem-8588	108	9	j	j	PROPN
dem-8588	108	10	ttjjt	ttjjt	PROPN
dem-8588	108	11	kk	kk	PROPN
dem-8588	108	12	βαα	βαα	PROPN
dem-8588	108	13	βεαα	βεαα	NOUN
dem-8588	108	14	ε	ε	PROPN
dem-8588	108	15	ε	ε	PROPN
dem-8588	108	16	(	(	PUNCT
dem-8588	108	17	3	3	NUM
dem-8588	108	18	)	)	PUNCT
dem-8588	108	19	where	where	SCONJ
dem-8588	108	20	tε	tε	NOUN
dem-8588	108	21	is	be	AUX
dem-8588	108	22	the	the	DET
dem-8588	108	23	innovation	innovation	NOUN
dem-8588	108	24	in	in	ADP
dem-8588	108	25	a	a	DET
dem-8588	108	26	linear	linear	ADJ
dem-8588	108	27	regression	regression	NOUN
dem-8588	108	28	with	with	ADP
dem-8588	108	29	,	,	PUNCT
dem-8588	108	30	)	)	PUNCT
dem-8588	108	31	(	(	PUNCT
dem-8588	108	32	2σε	2σε	NOUN
dem-8588	108	33	=	=	SYM
dem-8588	108	34	v	v	X
dem-8588	108	35	th	th	X
dem-8588	108	36	is	be	AUX
dem-8588	108	37	the	the	DET
dem-8588	108	38	variance	variance	NOUN
dem-8588	108	39	function	function	NOUN
dem-8588	108	40	,	,	PUNCT
dem-8588	108	41	and	and	CCONJ
dem-8588	108	42	remaining	remain	VERB
dem-8588	108	43	notation	notation	NOUN
dem-8588	108	44	like	like	ADP
dem-8588	108	45	in	in	ADP
dem-8588	108	46	eq	eq	ADP
dem-8588	108	47	.	.	PUNCT
dem-8588	109	1	(	(	PUNCT
dem-8588	109	2	2	2	NUM
dem-8588	109	3	)	)	PUNCT
dem-8588	109	4	.	.	PUNCT
dem-8588	110	1	similarly	similarly	ADV
dem-8588	110	2	,	,	PUNCT
dem-8588	110	3	the	the	DET
dem-8588	110	4	garch(p	garch(p	PROPN
dem-8588	110	5	,	,	PUNCT
dem-8588	110	6	q	q	NOUN
dem-8588	110	7	)	)	PUNCT
dem-8588	110	8	model	model	NOUN
dem-8588	110	9	with	with	ADP
dem-8588	110	10	excluded	exclude	VERB
dem-8588	110	11	dummy	dummy	ADJ
dem-8588	110	12	variable	variable	NOUN
dem-8588	110	13	for	for	ADP
dem-8588	110	14	either	either	DET
dem-8588	110	15	wednesday	wednesday	PROPN
dem-8588	110	16	or	or	CCONJ
dem-8588	110	17	friday	friday	PROPN
dem-8588	110	18	could	could	AUX
dem-8588	110	19	be	be	AUX
dem-8588	110	20	written	write	VERB
dem-8588	110	21	respectively	respectively	ADV
dem-8588	110	22	.	.	PUNCT
dem-8588	111	1	2	2	NUM
dem-8588	111	2	hac	hac	NOUN
dem-8588	111	3	–	–	PUNCT
dem-8588	111	4	heteroscedasticity	heteroscedasticity	NOUN
dem-8588	111	5	and	and	CCONJ
dem-8588	111	6	autocorrelation	autocorrelation	NOUN
dem-8588	111	7	consistent	consistent	ADJ
dem-8588	111	8	covariance	covariance	NOUN
dem-8588	111	9	matrix	matrix	NOUN
dem-8588	111	10	estimation	estimation	NOUN
dem-8588	111	11	(	(	PUNCT
dem-8588	111	12	newey	newey	PROPN
dem-8588	111	13	,	,	PUNCT
dem-8588	111	14	west	west	NOUN
dem-8588	111	15	,	,	PUNCT
dem-8588	111	16	1987	1987	NUM
dem-8588	111	17	)	)	PUNCT
dem-8588	111	18	.	.	PUNCT
dem-8588	112	1	3	3	NUM
dem-8588	112	2	when	when	SCONJ
dem-8588	112	3	the	the	DET
dem-8588	112	4	values	value	NOUN
dem-8588	112	5	of	of	ADP
dem-8588	112	6	the	the	DET
dem-8588	112	7	information	information	NOUN
dem-8588	112	8	criteria	criterion	NOUN
dem-8588	112	9	aic	aic	PROPN
dem-8588	112	10	or	or	CCONJ
dem-8588	112	11	sc	sc	PROPN
dem-8588	112	12	for	for	ADP
dem-8588	112	13	different	different	ADJ
dem-8588	112	14	variants	variant	NOUN
dem-8588	112	15	of	of	ADP
dem-8588	112	16	the	the	DET
dem-8588	112	17	garch(p	garch(p	PROPN
dem-8588	112	18	,	,	PUNCT
dem-8588	112	19	q	q	NOUN
dem-8588	112	20	)	)	PUNCT
dem-8588	112	21	models	model	NOUN
dem-8588	112	22	are	be	AUX
dem-8588	112	23	almost	almost	ADV
dem-8588	112	24	equal	equal	ADJ
dem-8588	112	25	,	,	PUNCT
dem-8588	112	26	the	the	DET
dem-8588	112	27	statistical	statistical	ADJ
dem-8588	112	28	significance	significance	NOUN
dem-8588	112	29	of	of	ADP
dem-8588	112	30	the	the	DET
dem-8588	112	31	parameters	parameter	NOUN
dem-8588	112	32	in	in	ADP
dem-8588	112	33	the	the	DET
dem-8588	112	34	conditional	conditional	ADJ
dem-8588	112	35	mean	mean	NOUN
dem-8588	112	36	and	and	CCONJ
dem-8588	112	37	conditional	conditional	ADJ
dem-8588	112	38	variance	variance	NOUN
dem-8588	112	39	equation	equation	NOUN
dem-8588	112	40	of	of	ADP
dem-8588	112	41	the	the	DET
dem-8588	112	42	garch(p	garch(p	PROPN
dem-8588	112	43	,	,	PUNCT
dem-8588	112	44	q	q	NOUN
dem-8588	112	45	)	)	PUNCT
dem-8588	112	46	model	model	NOUN
dem-8588	112	47	could	could	AUX
dem-8588	112	48	be	be	AUX
dem-8588	112	49	analysed	analyse	VERB
dem-8588	112	50	to	to	PART
dem-8588	112	51	choose	choose	VERB
dem-8588	112	52	the	the	DET
dem-8588	112	53	appropriate	appropriate	ADJ
dem-8588	112	54	model	model	NOUN
dem-8588	112	55	.	.	PUNCT
dem-8588	113	1	day	day	NOUN
dem-8588	113	2	-	-	PUNCT
dem-8588	113	3	of	of	ADP
dem-8588	113	4	-	-	PUNCT
dem-8588	113	5	the	the	DET
dem-8588	113	6	-	-	PUNCT
dem-8588	113	7	week	week	NOUN
dem-8588	113	8	effects	effect	NOUN
dem-8588	113	9	in	in	ADP
dem-8588	113	10	liquidity	liquidity	NOUN
dem-8588	113	11	on	on	ADP
dem-8588	113	12	the	the	DET
dem-8588	113	13	warsaw	warsaw	PROPN
dem-8588	113	14	stock	stock	PROPN
dem-8588	113	15	exchange	exchange	PROPN
dem-8588	113	16	dynamic	dynamic	ADJ
dem-8588	113	17	econometric	econometric	ADJ
dem-8588	113	18	models	model	NOUN
dem-8588	113	19	15	15	NUM
dem-8588	113	20	(	(	PUNCT
dem-8588	113	21	2015	2015	NUM
dem-8588	113	22	)	)	PUNCT
dem-8588	113	23	49–69	49–69	NUM
dem-8588	113	24	55	55	NUM
dem-8588	113	25	the	the	DET
dem-8588	113	26	parameters	parameter	NOUN
dem-8588	113	27	of	of	ADP
dem-8588	113	28	garch(p	garch(p	PROPN
dem-8588	113	29	,	,	PUNCT
dem-8588	113	30	q	q	NOUN
dem-8588	113	31	)	)	PUNCT
dem-8588	113	32	models	model	NOUN
dem-8588	113	33	are	be	AUX
dem-8588	113	34	almost	almost	ADV
dem-8588	113	35	invariably	invariably	ADV
dem-8588	113	36	estimated	estimate	VERB
dem-8588	113	37	via	via	ADP
dem-8588	113	38	maximum	maximum	ADJ
dem-8588	113	39	likelihood	likelihood	NOUN
dem-8588	113	40	(	(	PUNCT
dem-8588	113	41	ml	ml	NOUN
dem-8588	113	42	)	)	PUNCT
dem-8588	113	43	or	or	CCONJ
dem-8588	113	44	quasi	quasi	ADJ
dem-8588	113	45	-	-	ADJ
dem-8588	113	46	maximum	maximum	ADJ
dem-8588	113	47	likelihood	likelihood	NOUN
dem-8588	113	48	(	(	PUNCT
dem-8588	113	49	qml	qml	NOUN
dem-8588	113	50	)	)	PUNCT
dem-8588	113	51	(	(	PUNCT
dem-8588	113	52	bollerslev	bollerslev	PROPN
dem-8588	113	53	,	,	PUNCT
dem-8588	113	54	wooldridge	wooldridge	PROPN
dem-8588	113	55	,	,	PUNCT
dem-8588	113	56	1992	1992	NUM
dem-8588	113	57	)	)	PUNCT
dem-8588	113	58	methods4	methods4	PROPN
dem-8588	113	59	.	.	PUNCT
dem-8588	114	1	2	2	X
dem-8588	114	2	.	.	X
dem-8588	114	3	empirical	empirical	ADJ
dem-8588	114	4	results	result	NOUN
dem-8588	114	5	on	on	ADP
dem-8588	114	6	the	the	DET
dem-8588	114	7	warsaw	warsaw	PROPN
dem-8588	114	8	stock	stock	PROPN
dem-8588	114	9	exchange	exchange	NOUN
dem-8588	114	10	in	in	ADP
dem-8588	114	11	this	this	DET
dem-8588	114	12	research	research	NOUN
dem-8588	114	13	,	,	PUNCT
dem-8588	114	14	a	a	DET
dem-8588	114	15	database	database	NOUN
dem-8588	114	16	containing	contain	VERB
dem-8588	114	17	data	datum	NOUN
dem-8588	114	18	for	for	ADP
dem-8588	114	19	the	the	DET
dem-8588	114	20	wse	wse	NOUN
dem-8588	114	21	-	-	PUNCT
dem-8588	114	22	listed	list	VERB
dem-8588	114	23	stocks	stock	NOUN
dem-8588	114	24	for	for	ADP
dem-8588	114	25	the	the	DET
dem-8588	114	26	period	period	NOUN
dem-8588	114	27	from	from	ADP
dem-8588	114	28	january	january	PROPN
dem-8588	114	29	2	2	NUM
dem-8588	114	30	,	,	PUNCT
dem-8588	114	31	2005	2005	NUM
dem-8588	114	32	to	to	ADP
dem-8588	114	33	december	december	PROPN
dem-8588	114	34	30	30	NUM
dem-8588	114	35	,	,	PUNCT
dem-8588	114	36	2014	2014	NUM
dem-8588	114	37	was	be	AUX
dem-8588	114	38	utilised	utilise	VERB
dem-8588	114	39	.	.	PUNCT
dem-8588	115	1	when	when	SCONJ
dem-8588	115	2	forming	form	VERB
dem-8588	115	3	the	the	DET
dem-8588	115	4	database	database	NOUN
dem-8588	115	5	,	,	PUNCT
dem-8588	115	6	we	we	PRON
dem-8588	115	7	included	include	VERB
dem-8588	115	8	only	only	ADV
dem-8588	115	9	those	those	DET
dem-8588	115	10	securities	security	NOUN
dem-8588	115	11	which	which	PRON
dem-8588	115	12	existed	exist	VERB
dem-8588	115	13	on	on	ADP
dem-8588	115	14	the	the	DET
dem-8588	115	15	wse	wse	NOUN
dem-8588	115	16	for	for	ADP
dem-8588	115	17	the	the	DET
dem-8588	115	18	whole	whole	ADJ
dem-8588	115	19	sample	sample	NOUN
dem-8588	115	20	period	period	NOUN
dem-8588	115	21	since	since	SCONJ
dem-8588	115	22	december	december	PROPN
dem-8588	115	23	31	31	NUM
dem-8588	115	24	,	,	PUNCT
dem-8588	115	25	2004	2004	NUM
dem-8588	115	26	,	,	PUNCT
dem-8588	115	27	and	and	CCONJ
dem-8588	115	28	were	be	AUX
dem-8588	115	29	not	not	PART
dem-8588	115	30	suspended	suspend	VERB
dem-8588	115	31	.	.	PUNCT
dem-8588	116	1	the	the	DET
dem-8588	116	2	stock	stock	PROPN
dem-8588	116	3	daily	daily	ADJ
dem-8588	116	4	trading	trading	NOUN
dem-8588	116	5	volumes	volume	NOUN
dem-8588	116	6	(	(	PUNCT
dem-8588	116	7	in	in	ADP
dem-8588	116	8	items	item	NOUN
dem-8588	116	9	)	)	PUNCT
dem-8588	116	10	were	be	AUX
dem-8588	116	11	obtained	obtain	VERB
dem-8588	116	12	from	from	ADP
dem-8588	116	13	the	the	DET
dem-8588	116	14	website	website	NOUN
dem-8588	116	15	http://www.gpwinfostrefa.pl	http://www.gpwinfostrefa.pl	PROPN
dem-8588	116	16	.	.	PUNCT
dem-8588	117	1	the	the	DET
dem-8588	117	2	data	datum	NOUN
dem-8588	117	3	of	of	ADP
dem-8588	117	4	the	the	DET
dem-8588	117	5	number	number	NOUN
dem-8588	117	6	of	of	ADP
dem-8588	117	7	shares	share	NOUN
dem-8588	117	8	outstanding	outstanding	ADJ
dem-8588	117	9	are	be	AUX
dem-8588	117	10	coming	come	VERB
dem-8588	117	11	from	from	ADP
dem-8588	117	12	the	the	DET
dem-8588	117	13	notoria	notoria	PROPN
dem-8588	117	14	serwis	serwis	NOUN
dem-8588	117	15	.	.	PUNCT
dem-8588	118	1	all	all	DET
dem-8588	118	2	companies	company	NOUN
dem-8588	118	3	entered	enter	VERB
dem-8588	118	4	into	into	ADP
dem-8588	118	5	the	the	DET
dem-8588	118	6	database	database	NOUN
dem-8588	118	7	(	(	PUNCT
dem-8588	118	8	147	147	NUM
dem-8588	118	9	)	)	PUNCT
dem-8588	118	10	were	be	AUX
dem-8588	118	11	sorted	sort	VERB
dem-8588	118	12	according	accord	VERB
dem-8588	118	13	to	to	ADP
dem-8588	118	14	their	their	PRON
dem-8588	118	15	market	market	NOUN
dem-8588	118	16	capitalization	capitalization	NOUN
dem-8588	118	17	at	at	ADP
dem-8588	118	18	the	the	DET
dem-8588	118	19	end	end	NOUN
dem-8588	118	20	of	of	ADP
dem-8588	118	21	each	each	DET
dem-8588	118	22	year	year	NOUN
dem-8588	118	23	.	.	PUNCT
dem-8588	119	1	next	next	ADV
dem-8588	119	2	,	,	PUNCT
dem-8588	119	3	the	the	DET
dem-8588	119	4	stocks	stock	NOUN
dem-8588	119	5	were	be	AUX
dem-8588	119	6	divided	divide	VERB
dem-8588	119	7	into	into	ADP
dem-8588	119	8	three	three	NUM
dem-8588	119	9	size	size	NOUN
dem-8588	119	10	groups	group	NOUN
dem-8588	119	11	based	base	VERB
dem-8588	119	12	on	on	ADP
dem-8588	119	13	the	the	DET
dem-8588	119	14	breakpoints	breakpoint	NOUN
dem-8588	119	15	for	for	ADP
dem-8588	119	16	the	the	DET
dem-8588	119	17	bottom	bottom	ADJ
dem-8588	119	18	30	30	NUM
dem-8588	119	19	%	%	NOUN
dem-8588	119	20	(	(	PUNCT
dem-8588	119	21	small	small	ADJ
dem-8588	119	22	–	–	PUNCT
dem-8588	119	23	44	44	NUM
dem-8588	119	24	companies	company	NOUN
dem-8588	119	25	)	)	PUNCT
dem-8588	119	26	,	,	PUNCT
dem-8588	119	27	middle	middle	ADJ
dem-8588	119	28	40	40	NUM
dem-8588	119	29	%	%	NOUN
dem-8588	119	30	(	(	PUNCT
dem-8588	119	31	medium	medium	NOUN
dem-8588	119	32	–	–	PUNCT
dem-8588	119	33	59	59	NUM
dem-8588	119	34	companies	company	NOUN
dem-8588	119	35	)	)	PUNCT
dem-8588	119	36	and	and	CCONJ
dem-8588	119	37	top	top	ADJ
dem-8588	119	38	30	30	NUM
dem-8588	119	39	%	%	NOUN
dem-8588	119	40	(	(	PUNCT
dem-8588	119	41	big	big	ADJ
dem-8588	119	42	–	–	PUNCT
dem-8588	119	43	44	44	NUM
dem-8588	119	44	companies	company	NOUN
dem-8588	119	45	)	)	PUNCT
dem-8588	119	46	(	(	PUNCT
dem-8588	119	47	e.g.	e.g.	ADV
dem-8588	119	48	fama	fama	NOUN
dem-8588	119	49	,	,	PUNCT
dem-8588	119	50	french	french	NOUN
dem-8588	119	51	,	,	PUNCT
dem-8588	119	52	1993	1993	NUM
dem-8588	119	53	)	)	PUNCT
dem-8588	119	54	.	.	PUNCT
dem-8588	120	1	the	the	DET
dem-8588	120	2	companies	company	NOUN
dem-8588	120	3	that	that	PRON
dem-8588	120	4	remained	remain	VERB
dem-8588	120	5	in	in	ADP
dem-8588	120	6	the	the	DET
dem-8588	120	7	same	same	ADJ
dem-8588	120	8	group	group	NOUN
dem-8588	120	9	during	during	ADP
dem-8588	120	10	the	the	DET
dem-8588	120	11	period	period	NOUN
dem-8588	120	12	investigated	investigate	VERB
dem-8588	120	13	were	be	AUX
dem-8588	120	14	selected	select	VERB
dem-8588	120	15	.	.	PUNCT
dem-8588	121	1	finally	finally	ADV
dem-8588	121	2	,	,	PUNCT
dem-8588	121	3	the	the	DET
dem-8588	121	4	53	53	NUM
dem-8588	121	5	wse	wse	ADJ
dem-8588	121	6	companies	company	NOUN
dem-8588	121	7	were	be	AUX
dem-8588	121	8	entered	enter	VERB
dem-8588	121	9	into	into	ADP
dem-8588	121	10	separate	separate	ADJ
dem-8588	121	11	,	,	PUNCT
dem-8588	121	12	representative	representative	ADJ
dem-8588	121	13	groups	group	NOUN
dem-8588	121	14	,	,	PUNCT
dem-8588	121	15	specifically	specifically	ADV
dem-8588	121	16	:	:	PUNCT
dem-8588	121	17	8	8	NUM
dem-8588	121	18	firms	firm	NOUN
dem-8588	121	19	into	into	ADP
dem-8588	121	20	the	the	DET
dem-8588	121	21	small	small	ADJ
dem-8588	121	22	group	group	NOUN
dem-8588	121	23	,	,	PUNCT
dem-8588	121	24	18	18	NUM
dem-8588	121	25	firms	firm	NOUN
dem-8588	121	26	into	into	ADP
dem-8588	121	27	the	the	DET
dem-8588	121	28	medium	medium	NOUN
dem-8588	121	29	group	group	NOUN
dem-8588	121	30	and	and	CCONJ
dem-8588	121	31	27	27	NUM
dem-8588	121	32	firms	firm	NOUN
dem-8588	121	33	into	into	ADP
dem-8588	121	34	the	the	DET
dem-8588	121	35	big	big	ADJ
dem-8588	121	36	group	group	NOUN
dem-8588	121	37	(	(	PUNCT
dem-8588	121	38	nowak	nowak	PROPN
dem-8588	121	39	,	,	PUNCT
dem-8588	121	40	olbryś	olbryś	ADJ
dem-8588	121	41	,	,	PUNCT
dem-8588	121	42	2015	2015	NUM
dem-8588	121	43	)	)	PUNCT
dem-8588	121	44	.	.	PUNCT
dem-8588	122	1	we	we	PRON
dem-8588	122	2	computed	compute	VERB
dem-8588	122	3	daily	daily	ADJ
dem-8588	122	4	turnover	turnover	NOUN
dem-8588	122	5	dit	dit	NOUN
dem-8588	122	6	,	,	PUNCT
dem-8588	122	7	given	give	VERB
dem-8588	122	8	by	by	ADP
dem-8588	122	9	eq	eq	PROPN
dem-8588	122	10	.	.	PUNCT
dem-8588	123	1	(	(	PUNCT
dem-8588	123	2	1	1	NUM
dem-8588	123	3	)	)	PUNCT
dem-8588	123	4	,	,	PUNCT
dem-8588	123	5	providing	provide	VERB
dem-8588	123	6	2,502	2,502	NUM
dem-8588	123	7	observations	observation	NOUN
dem-8588	123	8	for	for	ADP
dem-8588	123	9	each	each	DET
dem-8588	123	10	company	company	NOUN
dem-8588	123	11	.	.	PUNCT
dem-8588	124	1	to	to	PART
dem-8588	124	2	avoid	avoid	VERB
dem-8588	124	3	numerical	numerical	ADJ
dem-8588	124	4	problems	problem	NOUN
dem-8588	124	5	,	,	PUNCT
dem-8588	124	6	the	the	DET
dem-8588	124	7	data	datum	NOUN
dem-8588	124	8	were	be	AUX
dem-8588	124	9	rescaled	rescale	VERB
dem-8588	124	10	by	by	ADP
dem-8588	124	11	multiplying	multiply	VERB
dem-8588	124	12	by	by	ADP
dem-8588	124	13	104	104	NUM
dem-8588	124	14	(	(	PUNCT
dem-8588	124	15	lucchetti	lucchetti	PROPN
dem-8588	124	16	,	,	PUNCT
dem-8588	124	17	balietti	balietti	ADJ
dem-8588	124	18	,	,	PUNCT
dem-8588	124	19	2014	2014	NUM
dem-8588	124	20	)	)	PUNCT
dem-8588	124	21	.	.	PUNCT
dem-8588	125	1	all	all	DET
dem-8588	125	2	calculations	calculation	NOUN
dem-8588	125	3	were	be	AUX
dem-8588	125	4	done	do	VERB
dem-8588	125	5	using	use	VERB
dem-8588	125	6	gretl	gretl	ADJ
dem-8588	125	7	1.10.1	1.10.1	NUM
dem-8588	125	8	software	software	NOUN
dem-8588	125	9	(	(	PUNCT
dem-8588	125	10	adkins	adkin	NOUN
dem-8588	125	11	,	,	PUNCT
dem-8588	125	12	2014	2014	NUM
dem-8588	125	13	)	)	PUNCT
dem-8588	125	14	.	.	PUNCT
dem-8588	126	1	first	first	ADV
dem-8588	126	2	we	we	PRON
dem-8588	126	3	detected	detect	VERB
dem-8588	126	4	stationarity	stationarity	NOUN
dem-8588	126	5	of	of	ADP
dem-8588	126	6	the	the	DET
dem-8588	126	7	analysed	analyse	VERB
dem-8588	126	8	daily	daily	ADJ
dem-8588	126	9	turnover	turnover	NOUN
dem-8588	126	10	series	series	NOUN
dem-8588	126	11	for	for	ADP
dem-8588	126	12	53	53	NUM
dem-8588	126	13	stocks	stock	NOUN
dem-8588	126	14	included	include	VERB
dem-8588	126	15	in	in	ADP
dem-8588	126	16	the	the	DET
dem-8588	126	17	size	size	NOUN
dem-8588	126	18	groups	group	NOUN
dem-8588	126	19	.	.	PUNCT
dem-8588	127	1	we	we	PRON
dem-8588	127	2	employed	employ	VERB
dem-8588	127	3	the	the	DET
dem-8588	127	4	adf	adf	NOUN
dem-8588	127	5	-	-	PUNCT
dem-8588	127	6	gls	gls	NOUN
dem-8588	127	7	test	test	NOUN
dem-8588	127	8	(	(	PUNCT
dem-8588	127	9	elliott	elliott	PROPN
dem-8588	127	10	et	et	PROPN
dem-8588	127	11	al	al	PROPN
dem-8588	127	12	.	.	PROPN
dem-8588	127	13	,	,	PUNCT
dem-8588	127	14	1996	1996	NUM
dem-8588	127	15	)	)	PUNCT
dem-8588	127	16	and	and	CCONJ
dem-8588	127	17	we	we	PRON
dem-8588	127	18	proved	prove	VERB
dem-8588	127	19	that	that	SCONJ
dem-8588	127	20	the	the	DET
dem-8588	127	21	unit	unit	NOUN
dem-8588	127	22	-	-	PUNCT
dem-8588	127	23	root	root	NOUN
dem-8588	127	24	hypothesis	hypothesis	NOUN
dem-8588	127	25	can	can	AUX
dem-8588	127	26	be	be	AUX
dem-8588	127	27	rejected	reject	VERB
dem-8588	127	28	for	for	ADP
dem-8588	127	29	all	all	DET
dem-8588	127	30	series	series	NOUN
dem-8588	127	31	at	at	ADP
dem-8588	127	32	5	5	NUM
dem-8588	127	33	per	per	NOUN
dem-8588	127	34	cent	cent	NOUN
dem-8588	127	35	significance	significance	NOUN
dem-8588	127	36	level	level	NOUN
dem-8588	127	37	.	.	PUNCT
dem-8588	128	1	second	second	ADJ
dem-8588	128	2	,	,	PUNCT
dem-8588	128	3	in	in	ADP
dem-8588	128	4	order	order	NOUN
dem-8588	128	5	to	to	PART
dem-8588	128	6	carry	carry	VERB
dem-8588	128	7	out	out	ADP
dem-8588	128	8	an	an	DET
dem-8588	128	9	initial	initial	ADJ
dem-8588	128	10	assessment	assessment	NOUN
dem-8588	128	11	of	of	ADP
dem-8588	128	12	the	the	DET
dem-8588	128	13	existence	existence	NOUN
dem-8588	128	14	of	of	ADP
dem-8588	128	15	an	an	DET
dem-8588	128	16	inverted	inverted	ADJ
dem-8588	128	17	u	u	NOUN
dem-8588	128	18	-	-	NOUN
dem-8588	128	19	shape	shape	NOUN
dem-8588	128	20	in	in	ADP
dem-8588	128	21	the	the	DET
dem-8588	128	22	stock	stock	NOUN
dem-8588	128	23	turnover	turnover	NOUN
dem-8588	128	24	on	on	ADP
dem-8588	128	25	the	the	DET
dem-8588	128	26	wse	wse	NOUN
dem-8588	128	27	,	,	PUNCT
dem-8588	128	28	the	the	DET
dem-8588	128	29	graphs	graph	NOUN
dem-8588	128	30	showing	show	VERB
dem-8588	128	31	the	the	DET
dem-8588	128	32	average	average	ADJ
dem-8588	128	33	level	level	NOUN
dem-8588	128	34	of	of	ADP
dem-8588	128	35	the	the	DET
dem-8588	128	36	stock	stock	NOUN
dem-8588	128	37	turnover	turnover	NOUN
dem-8588	128	38	on	on	ADP
dem-8588	128	39	each	each	DET
dem-8588	128	40	day	day	NOUN
dem-8588	128	41	of	of	ADP
dem-8588	128	42	the	the	DET
dem-8588	128	43	week	week	NOUN
dem-8588	128	44	were	be	AUX
dem-8588	128	45	created	create	VERB
dem-8588	128	46	.	.	PUNCT
dem-8588	129	1	on	on	ADP
dem-8588	129	2	such	such	ADJ
dem-8588	129	3	basis	basis	NOUN
dem-8588	129	4	we	we	PRON
dem-8588	129	5	noticed	notice	VERB
dem-8588	129	6	the	the	DET
dem-8588	129	7	occurrence	occurrence	NOUN
dem-8588	129	8	of	of	ADP
dem-8588	129	9	an	an	DET
dem-8588	129	10	inverted	inverted	ADJ
dem-8588	129	11	u	u	NOUN
dem-8588	129	12	-	-	NOUN
dem-8588	129	13	shape	shape	NOUN
dem-8588	129	14	in	in	ADP
dem-8588	129	15	the	the	DET
dem-8588	129	16	turnover	turnover	NOUN
dem-8588	129	17	across	across	ADP
dem-8588	129	18	the	the	DET
dem-8588	129	19	majority	majority	NOUN
dem-8588	129	20	of	of	ADP
dem-8588	129	21	the	the	DET
dem-8588	129	22	analysed	analyse	VERB
dem-8588	129	23	big	big	ADJ
dem-8588	129	24	companies	company	NOUN
dem-8588	129	25	.	.	PUNCT
dem-8588	130	1	their	their	PRON
dem-8588	130	2	level	level	NOUN
dem-8588	130	3	of	of	ADP
dem-8588	130	4	turnover	turnover	NOUN
dem-8588	130	5	turned	turn	VERB
dem-8588	130	6	out	out	ADP
dem-8588	130	7	to	to	PART
dem-8588	130	8	be	be	AUX
dem-8588	130	9	the	the	DET
dem-8588	130	10	lowest	low	ADJ
dem-8588	130	11	on	on	ADP
dem-8588	130	12	mondays	monday	NOUN
dem-8588	130	13	,	,	PUNCT
dem-8588	130	14	increasing	increase	VERB
dem-8588	130	15	on	on	ADP
dem-8588	130	16	tuesdays	tuesday	NOUN
dem-8588	130	17	and	and	CCONJ
dem-8588	130	18	the	the	DET
dem-8588	130	19	4	4	NUM
dem-8588	130	20	to	to	PART
dem-8588	130	21	choose	choose	VERB
dem-8588	130	22	the	the	DET
dem-8588	130	23	conditional	conditional	ADJ
dem-8588	130	24	distribution	distribution	NOUN
dem-8588	130	25	of	of	ADP
dem-8588	130	26	innovations	innovation	NOUN
dem-8588	130	27	,	,	PUNCT
dem-8588	130	28	various	various	ADJ
dem-8588	130	29	variants	variant	NOUN
dem-8588	130	30	of	of	ADP
dem-8588	130	31	the	the	DET
dem-8588	130	32	model	model	NOUN
dem-8588	130	33	(	(	PUNCT
dem-8588	130	34	3	3	X
dem-8588	130	35	)	)	PUNCT
dem-8588	130	36	were	be	AUX
dem-8588	130	37	estimated	estimate	VERB
dem-8588	130	38	.	.	PUNCT
dem-8588	131	1	unfortunately	unfortunately	ADV
dem-8588	131	2	,	,	PUNCT
dem-8588	131	3	they	they	PRON
dem-8588	131	4	did	do	AUX
dem-8588	131	5	not	not	PART
dem-8588	131	6	yield	yield	VERB
dem-8588	131	7	satisfactory	satisfactory	ADJ
dem-8588	131	8	results	result	NOUN
dem-8588	131	9	and	and	CCONJ
dem-8588	131	10	even	even	ADV
dem-8588	131	11	estimation	estimation	NOUN
dem-8588	131	12	failed	fail	VERB
dem-8588	131	13	in	in	ADP
dem-8588	131	14	many	many	ADJ
dem-8588	131	15	cases	case	NOUN
dem-8588	131	16	.	.	PUNCT
dem-8588	132	1	therefore	therefore	ADV
dem-8588	132	2	,	,	PUNCT
dem-8588	132	3	the	the	DET
dem-8588	132	4	distribution	distribution	NOUN
dem-8588	132	5	for	for	ADP
dem-8588	132	6	the	the	DET
dem-8588	132	7	innovations	innovation	NOUN
dem-8588	132	8	is	be	AUX
dem-8588	132	9	supposed	suppose	VERB
dem-8588	132	10	to	to	PART
dem-8588	132	11	be	be	AUX
dem-8588	132	12	normal	normal	ADJ
dem-8588	132	13	.	.	PUNCT
dem-8588	133	1	dynamic	dynamic	ADJ
dem-8588	133	2	econometric	econometric	ADJ
dem-8588	133	3	56	56	NUM
dem-8588	133	4	highest	high	ADJ
dem-8588	133	5	on	on	ADP
dem-8588	133	6	wednesdays	wednesday	NOUN
dem-8588	133	7	.	.	PUNCT
dem-8588	134	1	however	however	ADV
dem-8588	134	2	,	,	PUNCT
dem-8588	134	3	it	it	PRON
dem-8588	134	4	subsequently	subsequently	ADV
dem-8588	134	5	decreased	decrease	VERB
dem-8588	134	6	on	on	ADP
dem-8588	134	7	thursdays	thursday	NOUN
dem-8588	134	8	and	and	CCONJ
dem-8588	134	9	finally	finally	ADV
dem-8588	134	10	achieved	achieve	VERB
dem-8588	134	11	on	on	ADP
dem-8588	134	12	fridays	friday	NOUN
dem-8588	134	13	the	the	DET
dem-8588	134	14	level	level	NOUN
dem-8588	134	15	close	close	ADV
dem-8588	134	16	to	to	ADP
dem-8588	134	17	the	the	DET
dem-8588	134	18	level	level	NOUN
dem-8588	134	19	of	of	ADP
dem-8588	134	20	mondays	monday	NOUN
dem-8588	134	21	.	.	PUNCT
dem-8588	135	1	it	it	PRON
dem-8588	135	2	is	be	AUX
dem-8588	135	3	pertinent	pertinent	ADJ
dem-8588	135	4	to	to	PART
dem-8588	135	5	mention	mention	VERB
dem-8588	135	6	that	that	SCONJ
dem-8588	135	7	the	the	DET
dem-8588	135	8	inverted	inverted	ADJ
dem-8588	135	9	u	u	NOUN
dem-8588	135	10	rarely	rarely	ADV
dem-8588	135	11	for	for	ADP
dem-8588	135	12	the	the	DET
dem-8588	135	13	medium	medium	ADJ
dem-8588	135	14	and	and	CCONJ
dem-8588	135	15	small	small	ADJ
dem-8588	135	16	companies	company	NOUN
dem-8588	135	17	.	.	PUNCT
dem-8588	136	1	average	average	ADJ
dem-8588	136	2	daily	daily	ADJ
dem-8588	136	3	turnover	turnover	NOUN
dem-8588	136	4	bos	bos	NOUN
dem-8588	136	5	,	,	PUNCT
dem-8588	136	6	bph	bph	NOUN
dem-8588	136	7	,	,	PUNCT
dem-8588	136	8	kgh	kgh	ADJ
dem-8588	136	9	,	,	PUNCT
dem-8588	136	10	kty	kty	PROPN
dem-8588	136	11	,	,	PUNCT
dem-8588	136	12	lpp	lpp	PROPN
dem-8588	136	13	,	,	PUNCT
dem-8588	136	14	net	net	NOUN
dem-8588	136	15	,	,	PUNCT
dem-8588	136	16	opl	opl	PROPN
dem-8588	136	17	,	,	PUNCT
dem-8588	136	18	pkn	pkn	PROPN
dem-8588	136	19	.	.	PROPN
dem-8588	136	20	figure	figure	NOUN
dem-8588	136	21	1	1	NUM
dem-8588	136	22	.	.	PUNCT
dem-8588	137	1	an	an	DET
dem-8588	137	2	inverted	inverted	ADJ
dem-8588	137	3	u	u	NOUN
dem-8588	137	4	in	in	ADP
dem-8588	137	5	the	the	DET
dem-8588	137	6	next	next	ADJ
dem-8588	137	7	step	step	NOUN
dem-8588	137	8	,	,	PUNCT
dem-8588	137	9	ters	ter	NOUN
dem-8588	137	10	of	of	ADP
dem-8588	137	11	three	three	NUM
dem-8588	137	12	versions	version	NOUN
dem-8588	137	13	of	of	ADP
dem-8588	137	14	monday	monday	PROPN
dem-8588	137	15	,	,	PUNCT
dem-8588	137	16	wednesday	wednesday	PROPN
dem-8588	137	17	and	and	CCONJ
dem-8588	137	18	friday	friday	PROPN
dem-8588	137	19	,	,	PUNCT
dem-8588	137	20	estimated	estimate	VERB
dem-8588	137	21	,	,	PUNCT
dem-8588	137	22	comprising	comprise	VERB
dem-8588	137	23	small	small	ADJ
dem-8588	137	24	companies	company	NOUN
dem-8588	137	25	.	.	PUNCT
dem-8588	138	1	due	due	ADP
dem-8588	138	2	to	to	ADP
dem-8588	138	3	the	the	DET
dem-8588	138	4	existence	existence	NOUN
dem-8588	138	5	of	of	ADP
dem-8588	138	6	five	five	NUM
dem-8588	138	7	or	or	CCONJ
dem-8588	138	8	sabina	sabina	NOUN
dem-8588	138	9	nowak	nowak	PROPN
dem-8588	138	10	,	,	PUNCT
dem-8588	138	11	joanna	joanna	PROPN
dem-8588	138	12	olbryś	olbryś	PROPN
dem-8588	138	13	conometric	conometric	PROPN
dem-8588	138	14	models	model	NOUN
dem-8588	138	15	15	15	NUM
dem-8588	138	16	(	(	PUNCT
dem-8588	138	17	2015	2015	NUM
dem-8588	138	18	)	)	PUNCT
dem-8588	138	19	49–69	49–69	NUM
dem-8588	138	20	highest	high	ADJ
dem-8588	138	21	on	on	ADP
dem-8588	138	22	wednesdays	wednesday	NOUN
dem-8588	138	23	.	.	PUNCT
dem-8588	139	1	however	however	ADV
dem-8588	139	2	,	,	PUNCT
dem-8588	139	3	it	it	PRON
dem-8588	139	4	subsequently	subsequently	ADV
dem-8588	139	5	decreased	decrease	VERB
dem-8588	139	6	on	on	ADP
dem-8588	139	7	thursdays	thursday	NOUN
dem-8588	139	8	and	and	CCONJ
dem-8588	139	9	finally	finally	ADV
dem-8588	139	10	achieved	achieve	VERB
dem-8588	139	11	on	on	ADP
dem-8588	139	12	fridays	friday	NOUN
dem-8588	139	13	the	the	DET
dem-8588	139	14	level	level	NOUN
dem-8588	139	15	close	close	ADV
dem-8588	139	16	to	to	ADP
dem-8588	139	17	the	the	DET
dem-8588	139	18	level	level	NOUN
dem-8588	139	19	of	of	ADP
dem-8588	139	20	mondays	monday	NOUN
dem-8588	139	21	.	.	PUNCT
dem-8588	140	1	it	it	PRON
dem-8588	140	2	is	be	AUX
dem-8588	140	3	pertinent	pertinent	ADJ
dem-8588	140	4	to	to	PART
dem-8588	140	5	mention	mention	VERB
dem-8588	140	6	that	that	SCONJ
dem-8588	140	7	the	the	DET
dem-8588	140	8	inverted	invert	VERB
dem-8588	140	9	u	u	NOUN
dem-8588	140	10	-	-	NOUN
dem-8588	140	11	shape	shape	NOUN
dem-8588	140	12	in	in	ADP
dem-8588	140	13	the	the	DET
dem-8588	140	14	turnover	turnover	NOUN
dem-8588	140	15	occurred	occur	VERB
dem-8588	140	16	very	very	ADV
dem-8588	140	17	rarely	rarely	ADV
dem-8588	140	18	for	for	ADP
dem-8588	140	19	the	the	DET
dem-8588	140	20	medium	medium	ADJ
dem-8588	140	21	and	and	CCONJ
dem-8588	140	22	small	small	ADJ
dem-8588	140	23	companies	company	NOUN
dem-8588	140	24	.	.	PUNCT
dem-8588	141	1	in	in	ADP
dem-8588	141	2	figure	figure	NOUN
dem-8588	141	3	1	1	NUM
dem-8588	141	4	,	,	PUNCT
dem-8588	141	5	one	one	PRON
dem-8588	141	6	can	can	AUX
dem-8588	141	7	observe	observe	VERB
dem-8588	141	8	the	the	DET
dem-8588	141	9	average	average	ADJ
dem-8588	141	10	daily	daily	ADJ
dem-8588	141	11	turnover	turnover	NOUN
dem-8588	141	12	of	of	ADP
dem-8588	141	13	the	the	DET
dem-8588	141	14	nine	nine	NUM
dem-8588	141	15	selected	select	VERB
dem-8588	141	16	big	big	ADJ
dem-8588	141	17	companies	company	NOUN
dem-8588	141	18	,	,	PUNCT
dem-8588	141	19	namely	namely	ADV
dem-8588	141	20	bdx	bdx	ADJ
dem-8588	141	21	,	,	PUNCT
dem-8588	141	22	bos	bos	PROPN
dem-8588	141	23	,	,	PUNCT
dem-8588	141	24	bph	bph	NOUN
dem-8588	141	25	,	,	PUNCT
dem-8588	141	26	kgh	kgh	ADJ
dem-8588	141	27	,	,	PUNCT
dem-8588	141	28	kty	kty	PROPN
dem-8588	141	29	,	,	PUNCT
dem-8588	141	30	lpp	lpp	PROPN
dem-8588	141	31	,	,	PUNCT
dem-8588	141	32	net	net	NOUN
dem-8588	141	33	,	,	PUNCT
dem-8588	141	34	opl	opl	PROPN
dem-8588	141	35	,	,	PUNCT
dem-8588	141	36	pkn	pkn	PROPN
dem-8588	141	37	.	.	PUNCT
dem-8588	142	1	an	an	DET
dem-8588	142	2	inverted	invert	VERB
dem-8588	142	3	u	u	NOUN
dem-8588	142	4	-	-	NOUN
dem-8588	142	5	shape	shape	NOUN
dem-8588	142	6	in	in	ADP
dem-8588	142	7	the	the	DET
dem-8588	142	8	average	average	ADJ
dem-8588	142	9	daily	daily	ADJ
dem-8588	142	10	turnover	turnover	NOUN
dem-8588	142	11	of	of	ADP
dem-8588	142	12	selected	select	VERB
dem-8588	142	13	wse	wse	ADJ
dem-8588	142	14	step	step	NOUN
dem-8588	142	15	,	,	PUNCT
dem-8588	142	16	we	we	PRON
dem-8588	142	17	employed	employ	VERB
dem-8588	142	18	the	the	DET
dem-8588	142	19	ols	ol	NOUN
dem-8588	142	20	method	method	NOUN
dem-8588	142	21	to	to	PART
dem-8588	142	22	estimate	estimate	VERB
dem-8588	142	23	the	the	DET
dem-8588	142	24	ersions	ersion	NOUN
dem-8588	142	25	of	of	ADP
dem-8588	142	26	the	the	DET
dem-8588	142	27	model	model	NOUN
dem-8588	142	28	(	(	PUNCT
dem-8588	142	29	2	2	NUM
dem-8588	142	30	)	)	PUNCT
dem-8588	142	31	,	,	PUNCT
dem-8588	142	32	excluding	exclude	VERB
dem-8588	142	33	the	the	DET
dem-8588	142	34	dummy	dummy	ADJ
dem-8588	142	35	variable	variable	NOUN
dem-8588	143	1	f	f	PROPN
dem-8588	143	2	monday	monday	PROPN
dem-8588	143	3	,	,	PUNCT
dem-8588	143	4	wednesday	wednesday	PROPN
dem-8588	143	5	and	and	CCONJ
dem-8588	143	6	friday	friday	PROPN
dem-8588	143	7	,	,	PUNCT
dem-8588	143	8	respectively	respectively	ADV
dem-8588	143	9	.	.	PUNCT
dem-8588	144	1	in	in	ADP
dem-8588	144	2	total	total	ADJ
dem-8588	144	3	,	,	PUNCT
dem-8588	144	4	159	159	NUM
dem-8588	144	5	models	model	NOUN
dem-8588	144	6	were	be	AUX
dem-8588	144	7	comprising	comprise	VERB
dem-8588	144	8	81	81	NUM
dem-8588	144	9	models	model	NOUN
dem-8588	144	10	for	for	ADP
dem-8588	144	11	big	big	ADJ
dem-8588	144	12	,	,	PUNCT
dem-8588	144	13	54	54	NUM
dem-8588	144	14	for	for	ADP
dem-8588	144	15	medium	medium	ADJ
dem-8588	144	16	and	and	CCONJ
dem-8588	144	17	companies	company	NOUN
dem-8588	144	18	.	.	PUNCT
dem-8588	145	1	due	due	ADP
dem-8588	145	2	to	to	ADP
dem-8588	145	3	the	the	DET
dem-8588	145	4	existence	existence	NOUN
dem-8588	145	5	of	of	ADP
dem-8588	145	6	five	five	NUM
dem-8588	145	7	order	order	NOUN
dem-8588	145	8	serial	serial	ADJ
dem-8588	145	9	autocorrelation	autocorrelation	NOUN
dem-8588	145	10	highest	high	ADJ
dem-8588	145	11	on	on	ADP
dem-8588	145	12	wednesdays	wednesday	NOUN
dem-8588	145	13	.	.	PUNCT
dem-8588	146	1	however	however	ADV
dem-8588	146	2	,	,	PUNCT
dem-8588	146	3	it	it	PRON
dem-8588	146	4	subsequently	subsequently	ADV
dem-8588	146	5	decreased	decrease	VERB
dem-8588	146	6	on	on	ADP
dem-8588	146	7	thursdays	thursday	NOUN
dem-8588	146	8	and	and	CCONJ
dem-8588	146	9	finally	finally	ADV
dem-8588	146	10	achieved	achieve	VERB
dem-8588	146	11	on	on	ADP
dem-8588	146	12	fridays	friday	NOUN
dem-8588	146	13	the	the	DET
dem-8588	146	14	level	level	NOUN
dem-8588	146	15	close	close	ADV
dem-8588	146	16	to	to	ADP
dem-8588	146	17	the	the	DET
dem-8588	146	18	level	level	NOUN
dem-8588	146	19	of	of	ADP
dem-8588	146	20	mondays	monday	NOUN
dem-8588	146	21	.	.	PUNCT
dem-8588	147	1	it	it	PRON
dem-8588	147	2	is	be	AUX
dem-8588	147	3	shape	shape	NOUN
dem-8588	147	4	in	in	ADP
dem-8588	147	5	the	the	DET
dem-8588	147	6	turnover	turnover	NOUN
dem-8588	147	7	occurred	occur	VERB
dem-8588	147	8	very	very	ADV
dem-8588	147	9	one	one	NUM
dem-8588	147	10	can	can	AUX
dem-8588	147	11	observe	observe	VERB
dem-8588	147	12	the	the	PRON
dem-8588	147	13	of	of	ADP
dem-8588	147	14	the	the	DET
dem-8588	147	15	nine	nine	NUM
dem-8588	147	16	selected	select	VERB
dem-8588	147	17	big	big	ADJ
dem-8588	147	18	companies	company	NOUN
dem-8588	147	19	,	,	PUNCT
dem-8588	147	20	namely	namely	ADV
dem-8588	147	21	bdx	bdx	ADJ
dem-8588	147	22	,	,	PUNCT
dem-8588	147	23	turnover	turnover	NOUN
dem-8588	147	24	of	of	ADP
dem-8588	147	25	selected	select	VERB
dem-8588	147	26	wse	wse	NOUN
dem-8588	147	27	-	-	PUNCT
dem-8588	147	28	stocks	stock	NOUN
dem-8588	147	29	employed	employ	VERB
dem-8588	147	30	the	the	DET
dem-8588	147	31	ols	ol	NOUN
dem-8588	147	32	method	method	NOUN
dem-8588	147	33	to	to	PART
dem-8588	147	34	estimate	estimate	VERB
dem-8588	147	35	the	the	DET
dem-8588	147	36	paramethe	paramethe	DET
dem-8588	147	37	dummy	dummy	ADJ
dem-8588	147	38	variable	variable	NOUN
dem-8588	147	39	for	for	ADP
dem-8588	147	40	respectively	respectively	ADV
dem-8588	147	41	.	.	PUNCT
dem-8588	148	1	in	in	ADP
dem-8588	148	2	total	total	ADJ
dem-8588	148	3	,	,	PUNCT
dem-8588	148	4	159	159	NUM
dem-8588	148	5	models	model	NOUN
dem-8588	148	6	were	be	AUX
dem-8588	148	7	and	and	CCONJ
dem-8588	148	8	24	24	NUM
dem-8588	148	9	for	for	ADP
dem-8588	148	10	der	der	ADJ
dem-8588	148	11	serial	serial	ADJ
dem-8588	148	12	autocorrelation	autocorrelation	NOUN
dem-8588	148	13	day	day	NOUN
dem-8588	148	14	-	-	PUNCT
dem-8588	148	15	of	of	ADP
dem-8588	148	16	-	-	PUNCT
dem-8588	148	17	the	the	DET
dem-8588	148	18	-	-	PUNCT
dem-8588	148	19	week	week	NOUN
dem-8588	148	20	effects	effect	NOUN
dem-8588	148	21	in	in	ADP
dem-8588	148	22	liquidity	liquidity	NOUN
dem-8588	148	23	on	on	ADP
dem-8588	148	24	the	the	DET
dem-8588	148	25	warsaw	warsaw	PROPN
dem-8588	148	26	stock	stock	PROPN
dem-8588	148	27	exchange	exchange	PROPN
dem-8588	148	28	dynamic	dynamic	ADJ
dem-8588	148	29	econometric	econometric	ADJ
dem-8588	148	30	models	model	NOUN
dem-8588	148	31	15	15	NUM
dem-8588	148	32	(	(	PUNCT
dem-8588	148	33	2015	2015	NUM
dem-8588	148	34	)	)	PUNCT
dem-8588	148	35	49–69	49–69	NUM
dem-8588	148	36	57	57	NUM
dem-8588	148	37	and	and	CCONJ
dem-8588	148	38	–	–	PUNCT
dem-8588	148	39	in	in	ADP
dem-8588	148	40	some	some	DET
dem-8588	148	41	cases	case	NOUN
dem-8588	148	42	–	–	PUNCT
dem-8588	148	43	also	also	ADV
dem-8588	148	44	the	the	DET
dem-8588	148	45	heteroscedasticity	heteroscedasticity	NOUN
dem-8588	148	46	of	of	ADP
dem-8588	148	47	residuals	residual	NOUN
dem-8588	148	48	,	,	PUNCT
dem-8588	148	49	the	the	DET
dem-8588	148	50	neweywest	neweywest	ADJ
dem-8588	148	51	covariance	covariance	NOUN
dem-8588	148	52	matrix	matrix	NOUN
dem-8588	148	53	estimator	estimator	NOUN
dem-8588	148	54	(	(	PUNCT
dem-8588	148	55	1987	1987	NUM
dem-8588	148	56	)	)	PUNCT
dem-8588	148	57	was	be	AUX
dem-8588	148	58	employed	employ	VERB
dem-8588	148	59	.	.	PUNCT
dem-8588	149	1	the	the	DET
dem-8588	149	2	results	result	NOUN
dem-8588	149	3	of	of	ADP
dem-8588	149	4	the	the	DET
dem-8588	149	5	model	model	NOUN
dem-8588	149	6	(	(	PUNCT
dem-8588	149	7	2	2	NUM
dem-8588	149	8	)	)	PUNCT
dem-8588	149	9	estimation	estimation	NOUN
dem-8588	149	10	with	with	ADP
dem-8588	149	11	the	the	DET
dem-8588	149	12	monday	monday	PROPN
dem-8588	149	13	dummy	dummy	PROPN
dem-8588	149	14	variable	variable	NOUN
dem-8588	149	15	excluded	exclude	VERB
dem-8588	149	16	are	be	AUX
dem-8588	149	17	presented	present	VERB
dem-8588	149	18	in	in	ADP
dem-8588	149	19	tables	table	NOUN
dem-8588	149	20	2	2	NUM
dem-8588	149	21	–	–	SYM
dem-8588	149	22	3	3	NUM
dem-8588	149	23	in	in	ADP
dem-8588	149	24	appendix5	appendix5	PROPN
dem-8588	149	25	.	.	PUNCT
dem-8588	150	1	in	in	ADP
dem-8588	150	2	the	the	DET
dem-8588	150	3	case	case	NOUN
dem-8588	150	4	of	of	ADP
dem-8588	150	5	35	35	NUM
dem-8588	150	6	‘	'	PUNCT
dem-8588	150	7	without	without	ADP
dem-8588	150	8	monday	monday	PROPN
dem-8588	150	9	’	'	PUNCT
dem-8588	150	10	models	model	NOUN
dem-8588	150	11	(	(	PUNCT
dem-8588	150	12	comprising	comprise	VERB
dem-8588	150	13	16	16	NUM
dem-8588	150	14	models	model	NOUN
dem-8588	150	15	for	for	ADP
dem-8588	150	16	big	big	ADJ
dem-8588	150	17	,	,	PUNCT
dem-8588	150	18	11	11	NUM
dem-8588	150	19	for	for	ADP
dem-8588	150	20	medium	medium	NOUN
dem-8588	150	21	and	and	CCONJ
dem-8588	150	22	8	8	NUM
dem-8588	150	23	for	for	ADP
dem-8588	150	24	small	small	ADJ
dem-8588	150	25	companies	company	NOUN
dem-8588	150	26	)	)	PUNCT
dem-8588	150	27	,	,	PUNCT
dem-8588	150	28	the	the	DET
dem-8588	150	29	arch	arch	ADJ
dem-8588	150	30	effect	effect	NOUN
dem-8588	150	31	in	in	ADP
dem-8588	150	32	residuals	residual	NOUN
dem-8588	150	33	was	be	AUX
dem-8588	150	34	detected	detect	VERB
dem-8588	150	35	.	.	PUNCT
dem-8588	151	1	therefore	therefore	ADV
dem-8588	151	2	,	,	PUNCT
dem-8588	151	3	for	for	ADP
dem-8588	151	4	those	those	DET
dem-8588	151	5	35	35	NUM
dem-8588	151	6	companies	company	NOUN
dem-8588	151	7	the	the	DET
dem-8588	151	8	garch	garch	NOUN
dem-8588	151	9	(	(	PUNCT
dem-8588	151	10	p	p	X
dem-8588	151	11	,	,	PUNCT
dem-8588	151	12	q	q	NOUN
dem-8588	151	13	)	)	PUNCT
dem-8588	151	14	,	,	PUNCT
dem-8588	151	15	p	p	X
dem-8588	151	16	,	,	PUNCT
dem-8588	151	17	q	q	NOUN
dem-8588	151	18	=	=	SYM
dem-8588	151	19	1	1	NUM
dem-8588	151	20	,	,	PUNCT
dem-8588	151	21	2	2	NUM
dem-8588	151	22	,	,	PUNCT
dem-8588	151	23	models	model	NOUN
dem-8588	151	24	were	be	AUX
dem-8588	151	25	estimated	estimate	VERB
dem-8588	151	26	.	.	PUNCT
dem-8588	152	1	the	the	DET
dem-8588	152	2	number	number	NOUN
dem-8588	152	3	of	of	ADP
dem-8588	152	4	lags	lag	NOUN
dem-8588	152	5	p	p	NOUN
dem-8588	152	6	,	,	PUNCT
dem-8588	152	7	q	q	PROPN
dem-8588	152	8	was	be	AUX
dem-8588	152	9	selected	select	VERB
dem-8588	152	10	on	on	ADP
dem-8588	152	11	the	the	DET
dem-8588	152	12	basis	basis	NOUN
dem-8588	152	13	of	of	ADP
dem-8588	152	14	the	the	DET
dem-8588	152	15	akaike	akaike	ADJ
dem-8588	152	16	(	(	PUNCT
dem-8588	152	17	aic	aic	PROPN
dem-8588	152	18	)	)	PUNCT
dem-8588	152	19	and	and	CCONJ
dem-8588	152	20	schwarz	schwarz	PROPN
dem-8588	152	21	(	(	PUNCT
dem-8588	152	22	sc	sc	PROPN
dem-8588	152	23	)	)	PUNCT
dem-8588	152	24	information	information	NOUN
dem-8588	152	25	criteria	criterion	NOUN
dem-8588	152	26	.	.	PUNCT
dem-8588	153	1	the	the	DET
dem-8588	153	2	results	result	NOUN
dem-8588	153	3	of	of	ADP
dem-8588	153	4	the	the	DET
dem-8588	153	5	estimation	estimation	NOUN
dem-8588	153	6	of	of	ADP
dem-8588	153	7	the	the	PRON
dem-8588	153	8	‘	'	PUNCT
dem-8588	153	9	without	without	ADP
dem-8588	153	10	monday	monday	PROPN
dem-8588	153	11	’	'	PUNCT
dem-8588	153	12	model	model	NOUN
dem-8588	153	13	(	(	PUNCT
dem-8588	153	14	3	3	X
dem-8588	153	15	)	)	PUNCT
dem-8588	153	16	are	be	AUX
dem-8588	153	17	reported	report	VERB
dem-8588	153	18	in	in	ADP
dem-8588	153	19	tables	table	NOUN
dem-8588	153	20	4	4	NUM
dem-8588	153	21	–	–	SYM
dem-8588	153	22	6	6	NUM
dem-8588	153	23	in	in	ADP
dem-8588	153	24	appendix6	appendix6	PROPN
dem-8588	153	25	.	.	PUNCT
dem-8588	154	1	table	table	NOUN
dem-8588	154	2	1	1	NUM
dem-8588	154	3	presents	present	VERB
dem-8588	154	4	a	a	DET
dem-8588	154	5	brief	brief	ADJ
dem-8588	154	6	summary	summary	NOUN
dem-8588	154	7	of	of	ADP
dem-8588	154	8	the	the	DET
dem-8588	154	9	major	major	ADJ
dem-8588	154	10	day	day	NOUN
dem-8588	154	11	-	-	PUNCT
dem-8588	154	12	of	of	ADP
dem-8588	154	13	-	-	PUNCT
dem-8588	154	14	the	the	DET
dem-8588	154	15	-	-	PUNCT
dem-8588	154	16	week	week	NOUN
dem-8588	154	17	effects	effect	NOUN
dem-8588	154	18	in	in	ADP
dem-8588	154	19	daily	daily	ADJ
dem-8588	154	20	turnover	turnover	NOUN
dem-8588	154	21	on	on	ADP
dem-8588	154	22	the	the	DET
dem-8588	154	23	wse	wse	NOUN
dem-8588	154	24	.	.	PUNCT
dem-8588	154	25	table	table	NOUN
dem-8588	154	26	1	1	NUM
dem-8588	154	27	.	.	PUNCT
dem-8588	154	28	summarized	summarize	VERB
dem-8588	154	29	day	day	NOUN
dem-8588	154	30	-	-	PUNCT
dem-8588	154	31	of	of	ADP
dem-8588	154	32	-	-	PUNCT
dem-8588	154	33	the	the	DET
dem-8588	154	34	-	-	PUNCT
dem-8588	154	35	week	week	NOUN
dem-8588	154	36	effects	effect	NOUN
dem-8588	154	37	in	in	ADP
dem-8588	154	38	daily	daily	ADJ
dem-8588	154	39	turnover	turnover	NOUN
dem-8588	154	40	on	on	ADP
dem-8588	154	41	the	the	DET
dem-8588	154	42	wse	wse	ADJ
dem-8588	154	43	effect	effect	NOUN
dem-8588	154	44	in	in	ADP
dem-8588	154	45	daily	daily	ADJ
dem-8588	154	46	turnover	turnover	NOUN
dem-8588	154	47	big	big	ADJ
dem-8588	154	48	group	group	NOUN
dem-8588	154	49	medium	medium	NOUN
dem-8588	154	50	group	group	NOUN
dem-8588	154	51	small	small	ADJ
dem-8588	154	52	group	group	NOUN
dem-8588	154	53	monday	monday	PROPN
dem-8588	154	54	effect	effect	NOUN
dem-8588	154	55	bph	bph	NOUN
dem-8588	154	56	,	,	PUNCT
dem-8588	154	57	bos	bo	NOUN
dem-8588	154	58	,	,	PUNCT
dem-8588	154	59	bdx	bdx	NOUN
dem-8588	154	60	,	,	PUNCT
dem-8588	154	61	bhw	bhw	PROPN
dem-8588	154	62	,	,	PUNCT
dem-8588	154	63	bzw	bzw	PROPN
dem-8588	154	64	,	,	PUNCT
dem-8588	154	65	ech	ech	PROPN
dem-8588	154	66	,	,	PUNCT
dem-8588	154	67	gtc	gtc	PROPN
dem-8588	154	68	,	,	PUNCT
dem-8588	154	69	gtn	gtn	PROPN
dem-8588	154	70	,	,	PUNCT
dem-8588	154	71	ing	ing	PROPN
dem-8588	154	72	,	,	PUNCT
dem-8588	154	73	kgh	kgh	ADJ
dem-8588	154	74	,	,	PUNCT
dem-8588	154	75	kty	kty	PROPN
dem-8588	154	76	,	,	PUNCT
dem-8588	154	77	lpp	lpp	PROPN
dem-8588	154	78	,	,	PUNCT
dem-8588	154	79	mbk	mbk	PROPN
dem-8588	154	80	,	,	PUNCT
dem-8588	154	81	mil	mil	PROPN
dem-8588	154	82	,	,	PUNCT
dem-8588	154	83	mol	mol	PROPN
dem-8588	154	84	,	,	PUNCT
dem-8588	154	85	net	net	NOUN
dem-8588	154	86	,	,	PUNCT
dem-8588	154	87	opl	opl	NOUN
dem-8588	154	88	,	,	PUNCT
dem-8588	154	89	orb	orb	NOUN
dem-8588	154	90	,	,	PUNCT
dem-8588	154	91	peo	peo	PROPN
dem-8588	154	92	,	,	PUNCT
dem-8588	154	93	pkn	pkn	PROPN
dem-8588	154	94	,	,	PUNCT
dem-8588	154	95	pko	pko	PROPN
dem-8588	154	96	,	,	PUNCT
dem-8588	154	97	sns	sns	PROPN
dem-8588	154	98	,	,	PUNCT
dem-8588	154	99	stp	stp	PROPN
dem-8588	154	100	,	,	PUNCT
dem-8588	154	101	tvn	tvn	PROPN
dem-8588	154	102	cng	cng	PROPN
dem-8588	154	103	,	,	PUNCT
dem-8588	154	104	mci	mci	PROPN
dem-8588	154	105	,	,	PUNCT
dem-8588	154	106	mni	mni	PROPN
dem-8588	154	107	,	,	PUNCT
dem-8588	154	108	stx	stx	NOUN
dem-8588	154	109	vst	vst	PROPN
dem-8588	154	110	mza	mza	PROPN
dem-8588	154	111	wednesday	wednesday	PROPN
dem-8588	154	112	effect	effect	PROPN
dem-8588	154	113	bph	bph	NOUN
dem-8588	154	114	,	,	PUNCT
dem-8588	154	115	bos	bo	NOUN
dem-8588	154	116	,	,	PUNCT
dem-8588	154	117	bdx	bdx	NOUN
dem-8588	154	118	,	,	PUNCT
dem-8588	154	119	bhw	bhw	PROPN
dem-8588	154	120	,	,	PUNCT
dem-8588	154	121	bzw	bzw	PROPN
dem-8588	154	122	,	,	PUNCT
dem-8588	154	123	gtc	gtc	PROPN
dem-8588	154	124	,	,	PUNCT
dem-8588	154	125	gtn	gtn	PROPN
dem-8588	154	126	,	,	PUNCT
dem-8588	154	127	ing	ing	PROPN
dem-8588	154	128	,	,	PUNCT
dem-8588	154	129	kgh	kgh	ADJ
dem-8588	154	130	,	,	PUNCT
dem-8588	154	131	kty	kty	PROPN
dem-8588	154	132	,	,	PUNCT
dem-8588	154	133	lpp	lpp	PROPN
dem-8588	154	134	,	,	PUNCT
dem-8588	154	135	mbk	mbk	PROPN
dem-8588	154	136	,	,	PUNCT
dem-8588	154	137	mil	mil	NOUN
dem-8588	154	138	,	,	PUNCT
dem-8588	154	139	net	net	NOUN
dem-8588	154	140	,	,	PUNCT
dem-8588	154	141	opl	opl	PROPN
dem-8588	154	142	,	,	PUNCT
dem-8588	154	143	peo	peo	PROPN
dem-8588	154	144	,	,	PUNCT
dem-8588	154	145	pkn	pkn	PROPN
dem-8588	154	146	,	,	PUNCT
dem-8588	154	147	pko	pko	PROPN
dem-8588	154	148	,	,	PUNCT
dem-8588	154	149	tvn	tvn	PROPN
dem-8588	154	150	mni	mni	PROPN
dem-8588	154	151	,	,	PUNCT
dem-8588	154	152	stf	stf	PROPN
dem-8588	154	153	,	,	PUNCT
dem-8588	154	154	stx	stx	PROPN
dem-8588	154	155	mza	mza	PROPN
dem-8588	154	156	partial	partial	PROPN
dem-8588	154	157	inverted	invert	VERB
dem-8588	154	158	u	u	NOUN
dem-8588	154	159	-	-	NOUN
dem-8588	154	160	shape	shape	NOUN
dem-8588	154	161	bph	bph	NOUN
dem-8588	154	162	,	,	PUNCT
dem-8588	154	163	bos	bo	NOUN
dem-8588	154	164	,	,	PUNCT
dem-8588	154	165	bdx	bdx	NOUN
dem-8588	154	166	,	,	PUNCT
dem-8588	154	167	bhw	bhw	PROPN
dem-8588	154	168	,	,	PUNCT
dem-8588	154	169	bzw	bzw	PROPN
dem-8588	154	170	,	,	PUNCT
dem-8588	154	171	gtc	gtc	PROPN
dem-8588	154	172	,	,	PUNCT
dem-8588	154	173	gtn	gtn	PROPN
dem-8588	154	174	,	,	PUNCT
dem-8588	154	175	ing	ing	PROPN
dem-8588	154	176	,	,	PUNCT
dem-8588	154	177	kgh	kgh	ADJ
dem-8588	154	178	,	,	PUNCT
dem-8588	154	179	kty	kty	PROPN
dem-8588	154	180	,	,	PUNCT
dem-8588	154	181	lpp	lpp	PROPN
dem-8588	154	182	,	,	PUNCT
dem-8588	154	183	mbk	mbk	PROPN
dem-8588	154	184	,	,	PUNCT
dem-8588	154	185	mil	mil	NOUN
dem-8588	154	186	,	,	PUNCT
dem-8588	154	187	net	net	NOUN
dem-8588	154	188	,	,	PUNCT
dem-8588	154	189	opl	opl	PROPN
dem-8588	154	190	,	,	PUNCT
dem-8588	154	191	peo	peo	PROPN
dem-8588	154	192	,	,	PUNCT
dem-8588	154	193	pkn	pkn	PROPN
dem-8588	154	194	,	,	PUNCT
dem-8588	154	195	pko	pko	PROPN
dem-8588	154	196	,	,	PUNCT
dem-8588	154	197	tvn	tvn	PROPN
dem-8588	154	198	mni	mni	PROPN
dem-8588	154	199	,	,	PUNCT
dem-8588	154	200	stx	stx	PROPN
dem-8588	154	201	mza	mza	PROPN
dem-8588	154	202	full	full	PROPN
dem-8588	154	203	inverted	invert	VERB
dem-8588	154	204	u	u	NOUN
dem-8588	154	205	-	-	NOUN
dem-8588	154	206	shape	shape	NOUN
dem-8588	154	207	bph	bph	NOUN
dem-8588	154	208	,	,	PUNCT
dem-8588	154	209	mil	mil	X
dem-8588	154	210	–	–	PUNCT
dem-8588	154	211	–	–	PUNCT
dem-8588	154	212	note	note	NOUN
dem-8588	154	213	:	:	PUNCT
dem-8588	154	214	the	the	DET
dem-8588	154	215	monday	monday	PROPN
dem-8588	154	216	effect	effect	NOUN
dem-8588	154	217	means	mean	VERB
dem-8588	154	218	that	that	SCONJ
dem-8588	154	219	the	the	DET
dem-8588	154	220	level	level	NOUN
dem-8588	154	221	of	of	ADP
dem-8588	154	222	daily	daily	ADJ
dem-8588	154	223	turnover	turnover	NOUN
dem-8588	154	224	is	be	AUX
dem-8588	154	225	statistically	statistically	ADV
dem-8588	154	226	significantly	significantly	ADV
dem-8588	154	227	lower	low	ADJ
dem-8588	154	228	on	on	ADP
dem-8588	154	229	mondays	monday	NOUN
dem-8588	154	230	than	than	ADP
dem-8588	154	231	on	on	ADP
dem-8588	154	232	the	the	DET
dem-8588	154	233	other	other	ADJ
dem-8588	154	234	days	day	NOUN
dem-8588	154	235	of	of	ADP
dem-8588	154	236	the	the	DET
dem-8588	154	237	week	week	NOUN
dem-8588	154	238	;	;	PUNCT
dem-8588	154	239	the	the	DET
dem-8588	154	240	wednesday	wednesday	PROPN
dem-8588	154	241	effect	effect	NOUN
dem-8588	154	242	means	mean	VERB
dem-8588	154	243	that	that	SCONJ
dem-8588	154	244	the	the	DET
dem-8588	154	245	level	level	NOUN
dem-8588	154	246	of	of	ADP
dem-8588	154	247	daily	daily	ADJ
dem-8588	154	248	turnover	turnover	NOUN
dem-8588	154	249	is	be	AUX
dem-8588	154	250	statistically	statistically	ADV
dem-8588	154	251	significantly	significantly	ADV
dem-8588	154	252	higher	high	ADJ
dem-8588	154	253	on	on	ADP
dem-8588	154	254	wednesdays	wednesday	NOUN
dem-8588	154	255	in	in	ADP
dem-8588	154	256	comparison	comparison	NOUN
dem-8588	154	257	with	with	ADP
dem-8588	154	258	mondays	monday	NOUN
dem-8588	154	259	and/or	and/or	CCONJ
dem-8588	154	260	the	the	DET
dem-8588	154	261	other	other	ADJ
dem-8588	154	262	days	day	NOUN
dem-8588	154	263	of	of	ADP
dem-8588	154	264	the	the	DET
dem-8588	154	265	week	week	NOUN
dem-8588	154	266	;	;	PUNCT
dem-8588	154	267	the	the	DET
dem-8588	154	268	partial	partial	ADJ
dem-8588	154	269	inverted	invert	VERB
dem-8588	154	270	u	u	NOUN
dem-8588	154	271	-	-	NOUN
dem-8588	154	272	shape	shape	NOUN
dem-8588	154	273	in	in	ADP
dem-8588	154	274	turnover	turnover	NOUN
dem-8588	154	275	means	mean	VERB
dem-8588	154	276	the	the	DET
dem-8588	154	277	presence	presence	NOUN
dem-8588	154	278	of	of	ADP
dem-8588	154	279	the	the	DET
dem-8588	154	280	monday	monday	PROPN
dem-8588	154	281	and	and	CCONJ
dem-8588	154	282	wednesday	wednesday	PROPN
dem-8588	154	283	effects	effect	NOUN
dem-8588	154	284	,	,	PUNCT
dem-8588	154	285	but	but	CCONJ
dem-8588	154	286	the	the	DET
dem-8588	154	287	absence	absence	NOUN
dem-8588	154	288	of	of	ADP
dem-8588	154	289	the	the	DET
dem-8588	154	290	friday	friday	PROPN
dem-8588	154	291	effect	effect	NOUN
dem-8588	154	292	;	;	PUNCT
dem-8588	154	293	the	the	DET
dem-8588	154	294	full	full	ADJ
dem-8588	154	295	inverted	inverted	ADJ
dem-8588	154	296	u	u	NOUN
dem-8588	154	297	-	-	NOUN
dem-8588	154	298	shape	shape	NOUN
dem-8588	154	299	in	in	ADP
dem-8588	154	300	turnover	turnover	NOUN
dem-8588	154	301	means	mean	VERB
dem-8588	154	302	the	the	DET
dem-8588	154	303	presence	presence	NOUN
dem-8588	154	304	of	of	ADP
dem-8588	154	305	the	the	DET
dem-8588	154	306	monday	monday	PROPN
dem-8588	154	307	,	,	PUNCT
dem-8588	154	308	wednesday	wednesday	PROPN
dem-8588	154	309	and	and	CCONJ
dem-8588	154	310	friday	friday	PROPN
dem-8588	154	311	effects	effect	NOUN
dem-8588	154	312	at	at	ADP
dem-8588	154	313	the	the	DET
dem-8588	154	314	same	same	ADJ
dem-8588	154	315	time	time	NOUN
dem-8588	154	316	.	.	PUNCT
dem-8588	155	1	the	the	DET
dem-8588	155	2	obtained	obtain	VERB
dem-8588	155	3	estimation	estimation	NOUN
dem-8588	155	4	results	result	NOUN
dem-8588	155	5	of	of	ADP
dem-8588	155	6	the	the	DET
dem-8588	155	7	models	model	NOUN
dem-8588	155	8	(	(	PUNCT
dem-8588	155	9	2	2	NUM
dem-8588	155	10	)	)	PUNCT
dem-8588	155	11	and	and	CCONJ
dem-8588	155	12	(	(	PUNCT
dem-8588	155	13	3	3	X
dem-8588	155	14	)	)	PUNCT
dem-8588	155	15	led	lead	VERB
dem-8588	155	16	to	to	ADP
dem-8588	155	17	the	the	DET
dem-8588	155	18	conclusion	conclusion	NOUN
dem-8588	155	19	that	that	SCONJ
dem-8588	155	20	the	the	DET
dem-8588	155	21	‘	'	PUNCT
dem-8588	155	22	monday	monday	PROPN
dem-8588	155	23	effect	effect	NOUN
dem-8588	155	24	’	'	PUNCT
dem-8588	155	25	was	be	AUX
dem-8588	155	26	the	the	DET
dem-8588	155	27	most	most	ADV
dem-8588	155	28	frequently	frequently	ADV
dem-8588	155	29	present	present	ADJ
dem-8588	155	30	in	in	ADP
dem-8588	155	31	the	the	DET
dem-8588	155	32	stock	stock	NOUN
dem-8588	155	33	turnover	turnover	NOUN
dem-8588	155	34	time	time	NOUN
dem-8588	155	35	series	series	NOUN
dem-8588	155	36	.	.	PUNCT
dem-8588	156	1	in	in	ADP
dem-8588	156	2	the	the	DET
dem-8588	156	3	case	case	NOUN
dem-8588	156	4	of	of	ADP
dem-8588	156	5	24	24	NUM
dem-8588	156	6	big	big	ADJ
dem-8588	156	7	and	and	CCONJ
dem-8588	157	1	3	3	NUM
dem-8588	157	2	medium	medium	NOUN
dem-8588	157	3	firms	firm	NOUN
dem-8588	157	4	,	,	PUNCT
dem-8588	157	5	the	the	DET
dem-8588	157	6	level	level	NOUN
dem-8588	157	7	of	of	ADP
dem-8588	157	8	daily	daily	ADJ
dem-8588	157	9	turnover	turnover	NOUN
dem-8588	157	10	was	be	AUX
dem-8588	157	11	statistically	statistically	ADV
dem-8588	157	12	significantly	significantly	ADV
dem-8588	157	13	lower	low	ADJ
dem-8588	157	14	on	on	ADP
dem-8588	157	15	mondays	monday	NOUN
dem-8588	157	16	than	than	ADP
dem-8588	157	17	on	on	ADP
dem-8588	157	18	the	the	DET
dem-8588	157	19	other	other	ADJ
dem-8588	157	20	days	day	NOUN
dem-8588	157	21	of	of	ADP
dem-8588	157	22	the	the	DET
dem-8588	157	23	week7	week7	PROPN
dem-8588	157	24	.	.	PUNCT
dem-8588	158	1	the	the	DET
dem-8588	158	2	‘	'	PUNCT
dem-8588	158	3	wednesday	wednesday	PROPN
dem-8588	158	4	effect	effect	NOUN
dem-8588	158	5	’	'	PUNCT
dem-8588	158	6	(	(	PUNCT
dem-8588	158	7	recognized	recognize	VERB
dem-8588	158	8	in	in	ADP
dem-8588	158	9	those	those	DET
dem-8588	158	10	cases	case	NOUN
dem-8588	158	11	when	when	SCONJ
dem-8588	158	12	the	the	DET
dem-8588	158	13	level	level	NOUN
dem-8588	158	14	of	of	ADP
dem-8588	158	15	daily	daily	ADJ
dem-8588	158	16	turnover	turnover	NOUN
dem-8588	158	17	was	be	AUX
dem-8588	158	18	statistically	statistically	ADV
dem-8588	158	19	significantly	significantly	ADV
dem-8588	158	20	higher	high	ADJ
dem-8588	158	21	on	on	ADP
dem-8588	158	22	5	5	NUM
dem-8588	158	23	the	the	DET
dem-8588	158	24	estimation	estimation	NOUN
dem-8588	158	25	results	result	NOUN
dem-8588	158	26	of	of	ADP
dem-8588	158	27	the	the	DET
dem-8588	158	28	models	model	NOUN
dem-8588	158	29	with	with	ADP
dem-8588	158	30	wednesday	wednesday	PROPN
dem-8588	158	31	and	and	CCONJ
dem-8588	158	32	friday	friday	PROPN
dem-8588	158	33	dummies	dummy	NOUN
dem-8588	158	34	excluded	exclude	VERB
dem-8588	158	35	are	be	AUX
dem-8588	158	36	available	available	ADJ
dem-8588	158	37	upon	upon	SCONJ
dem-8588	158	38	request	request	NOUN
dem-8588	158	39	.	.	PUNCT
dem-8588	159	1	6	6	NUM
dem-8588	159	2	see	see	NOUN
dem-8588	159	3	footnote	footnote	VERB
dem-8588	159	4	3	3	NUM
dem-8588	159	5	.	.	NOUN
dem-8588	159	6	7	7	NUM
dem-8588	159	7	at	at	ADP
dem-8588	159	8	the	the	DET
dem-8588	159	9	5	5	NUM
dem-8588	159	10	per	per	NOUN
dem-8588	159	11	cent	cent	NOUN
dem-8588	159	12	level	level	NOUN
dem-8588	159	13	.	.	PUNCT
dem-8588	160	1	sabina	sabina	PROPN
dem-8588	160	2	nowak	nowak	PROPN
dem-8588	160	3	,	,	PUNCT
dem-8588	160	4	joanna	joanna	PROPN
dem-8588	160	5	olbryś	olbryś	PROPN
dem-8588	160	6	dynamic	dynamic	ADJ
dem-8588	160	7	econometric	econometric	ADJ
dem-8588	160	8	models	model	NOUN
dem-8588	160	9	15	15	NUM
dem-8588	160	10	(	(	PUNCT
dem-8588	160	11	2015	2015	NUM
dem-8588	160	12	)	)	PUNCT
dem-8588	160	13	49–69	49–69	NUM
dem-8588	160	14	58	58	NUM
dem-8588	160	15	wednesdays	wednesday	NOUN
dem-8588	160	16	in	in	ADP
dem-8588	160	17	comparison	comparison	NOUN
dem-8588	160	18	with	with	ADP
dem-8588	160	19	mondays	monday	NOUN
dem-8588	160	20	and/or	and/or	CCONJ
dem-8588	160	21	the	the	DET
dem-8588	160	22	other	other	ADJ
dem-8588	160	23	days	day	NOUN
dem-8588	160	24	of	of	ADP
dem-8588	160	25	the	the	DET
dem-8588	160	26	week	week	NOUN
dem-8588	160	27	)	)	PUNCT
dem-8588	160	28	occurred	occur	VERB
dem-8588	160	29	in	in	ADP
dem-8588	160	30	the	the	DET
dem-8588	160	31	case	case	NOUN
dem-8588	160	32	of	of	ADP
dem-8588	160	33	19	19	NUM
dem-8588	160	34	big	big	ADJ
dem-8588	160	35	companies	company	NOUN
dem-8588	160	36	.	.	PUNCT
dem-8588	161	1	the	the	DET
dem-8588	161	2	findings	finding	NOUN
dem-8588	161	3	of	of	ADP
dem-8588	161	4	the	the	DET
dem-8588	161	5	‘	'	PUNCT
dem-8588	161	6	friday	friday	PROPN
dem-8588	161	7	effect	effect	NOUN
dem-8588	161	8	’	'	PUNCT
dem-8588	161	9	existence	existence	NOUN
dem-8588	161	10	were	be	AUX
dem-8588	161	11	ambiguous	ambiguous	ADJ
dem-8588	161	12	.	.	PUNCT
dem-8588	162	1	the	the	DET
dem-8588	162	2	results	result	NOUN
dem-8588	162	3	mentioned	mention	VERB
dem-8588	162	4	above	above	ADV
dem-8588	162	5	justify	justify	VERB
dem-8588	162	6	the	the	DET
dem-8588	162	7	preliminary	preliminary	ADJ
dem-8588	162	8	conclusions	conclusion	NOUN
dem-8588	162	9	from	from	ADP
dem-8588	162	10	analysing	analyse	VERB
dem-8588	162	11	the	the	DET
dem-8588	162	12	graphs	graph	NOUN
dem-8588	162	13	,	,	PUNCT
dem-8588	162	14	where	where	SCONJ
dem-8588	162	15	a	a	DET
dem-8588	162	16	pronounced	pronounced	ADJ
dem-8588	162	17	‘	'	PUNCT
dem-8588	162	18	monday	monday	PROPN
dem-8588	162	19	effect	effect	NOUN
dem-8588	162	20	’	'	PUNCT
dem-8588	162	21	accompanied	accompany	VERB
dem-8588	162	22	by	by	ADP
dem-8588	162	23	a	a	DET
dem-8588	162	24	weaker	weak	ADJ
dem-8588	162	25	‘	'	PUNCT
dem-8588	162	26	wednesday	wednesday	PROPN
dem-8588	162	27	effect	effect	NOUN
dem-8588	162	28	’	'	PUNCT
dem-8588	162	29	were	be	AUX
dem-8588	162	30	detected	detect	VERB
dem-8588	162	31	.	.	PUNCT
dem-8588	163	1	besides	besides	SCONJ
dem-8588	163	2	,	,	PUNCT
dem-8588	163	3	both	both	DET
dem-8588	163	4	effects	effect	NOUN
dem-8588	163	5	occurred	occur	VERB
dem-8588	163	6	more	more	ADV
dem-8588	163	7	often	often	ADV
dem-8588	163	8	in	in	ADP
dem-8588	163	9	the	the	DET
dem-8588	163	10	case	case	NOUN
dem-8588	163	11	of	of	ADP
dem-8588	163	12	big	big	ADJ
dem-8588	163	13	companies	company	NOUN
dem-8588	163	14	.	.	PUNCT
dem-8588	164	1	continuing	continue	VERB
dem-8588	164	2	the	the	DET
dem-8588	164	3	analysis	analysis	NOUN
dem-8588	164	4	of	of	ADP
dem-8588	164	5	the	the	DET
dem-8588	164	6	model	model	NOUN
dem-8588	164	7	(	(	PUNCT
dem-8588	164	8	2	2	NUM
dem-8588	164	9	)	)	PUNCT
dem-8588	164	10	estimation	estimation	NOUN
dem-8588	164	11	results	result	NOUN
dem-8588	164	12	,	,	PUNCT
dem-8588	164	13	we	we	PRON
dem-8588	164	14	observed	observe	VERB
dem-8588	164	15	the	the	DET
dem-8588	164	16	presence	presence	NOUN
dem-8588	164	17	of	of	ADP
dem-8588	164	18	the	the	DET
dem-8588	164	19	so	so	ADV
dem-8588	164	20	-	-	PUNCT
dem-8588	164	21	called	call	VERB
dem-8588	164	22	‘	'	PUNCT
dem-8588	164	23	partial	partial	ADJ
dem-8588	164	24	inverted	inverted	ADJ
dem-8588	164	25	u	u	NOUN
dem-8588	164	26	-	-	NOUN
dem-8588	164	27	shape	shape	NOUN
dem-8588	164	28	’	'	PUNCT
dem-8588	164	29	in	in	ADP
dem-8588	164	30	daily	daily	ADJ
dem-8588	164	31	turnover	turnover	NOUN
dem-8588	164	32	related	relate	VERB
dem-8588	164	33	to	to	ADP
dem-8588	164	34	the	the	DET
dem-8588	164	35	presence	presence	NOUN
dem-8588	164	36	of	of	ADP
dem-8588	164	37	the	the	DET
dem-8588	164	38	monday	monday	PROPN
dem-8588	164	39	and	and	CCONJ
dem-8588	164	40	wednesday	wednesday	PROPN
dem-8588	164	41	effect	effect	NOUN
dem-8588	164	42	,	,	PUNCT
dem-8588	164	43	but	but	CCONJ
dem-8588	164	44	not	not	PART
dem-8588	164	45	the	the	DET
dem-8588	164	46	friday	friday	PROPN
dem-8588	164	47	effect	effect	NOUN
dem-8588	164	48	,	,	PUNCT
dem-8588	164	49	in	in	ADP
dem-8588	164	50	the	the	DET
dem-8588	164	51	case	case	NOUN
dem-8588	164	52	of	of	ADP
dem-8588	164	53	19	19	NUM
dem-8588	164	54	out	out	ADP
dem-8588	164	55	of	of	ADP
dem-8588	164	56	27	27	NUM
dem-8588	164	57	big	big	ADJ
dem-8588	164	58	firms	firm	NOUN
dem-8588	164	59	(	(	PUNCT
dem-8588	164	60	namely	namely	ADV
dem-8588	164	61	bph	bph	NOUN
dem-8588	164	62	,	,	PUNCT
dem-8588	164	63	bos	bo	NOUN
dem-8588	164	64	,	,	PUNCT
dem-8588	164	65	bdx	bdx	NOUN
dem-8588	164	66	,	,	PUNCT
dem-8588	164	67	bhw	bhw	PROPN
dem-8588	164	68	,	,	PUNCT
dem-8588	164	69	bzw	bzw	PROPN
dem-8588	164	70	,	,	PUNCT
dem-8588	164	71	gtc	gtc	PROPN
dem-8588	164	72	,	,	PUNCT
dem-8588	164	73	gtn	gtn	PROPN
dem-8588	164	74	,	,	PUNCT
dem-8588	164	75	ing	ing	PROPN
dem-8588	164	76	,	,	PUNCT
dem-8588	164	77	kgh	kgh	ADJ
dem-8588	164	78	,	,	PUNCT
dem-8588	164	79	kty	kty	PROPN
dem-8588	164	80	,	,	PUNCT
dem-8588	164	81	lpp	lpp	PROPN
dem-8588	164	82	,	,	PUNCT
dem-8588	164	83	mbk	mbk	PROPN
dem-8588	164	84	,	,	PUNCT
dem-8588	164	85	mil	mil	NOUN
dem-8588	164	86	,	,	PUNCT
dem-8588	164	87	net	net	NOUN
dem-8588	164	88	,	,	PUNCT
dem-8588	164	89	opl	opl	PROPN
dem-8588	164	90	,	,	PUNCT
dem-8588	164	91	peo	peo	PROPN
dem-8588	164	92	,	,	PUNCT
dem-8588	164	93	pkn	pkn	PROPN
dem-8588	164	94	,	,	PUNCT
dem-8588	164	95	pko	pko	PROPN
dem-8588	164	96	,	,	PUNCT
dem-8588	164	97	tvn	tvn	PROPN
dem-8588	164	98	)	)	PUNCT
dem-8588	164	99	.	.	PUNCT
dem-8588	165	1	for	for	ADP
dem-8588	165	2	these	these	DET
dem-8588	165	3	companies	company	NOUN
dem-8588	165	4	,	,	PUNCT
dem-8588	165	5	the	the	DET
dem-8588	165	6	level	level	NOUN
dem-8588	165	7	of	of	ADP
dem-8588	165	8	daily	daily	ADJ
dem-8588	165	9	turnover	turnover	NOUN
dem-8588	165	10	turned	turn	VERB
dem-8588	165	11	out	out	ADP
dem-8588	165	12	to	to	PART
dem-8588	165	13	be	be	AUX
dem-8588	165	14	either	either	CCONJ
dem-8588	165	15	statistically	statistically	ADV
dem-8588	165	16	significantly	significantly	ADV
dem-8588	165	17	lower	low	ADJ
dem-8588	165	18	on	on	ADP
dem-8588	165	19	mondays	monday	NOUN
dem-8588	165	20	than	than	ADP
dem-8588	165	21	on	on	ADP
dem-8588	165	22	wednesdays	wednesday	NOUN
dem-8588	165	23	and/or	and/or	CCONJ
dem-8588	165	24	the	the	DET
dem-8588	165	25	other	other	ADJ
dem-8588	165	26	days	day	NOUN
dem-8588	165	27	of	of	ADP
dem-8588	165	28	the	the	DET
dem-8588	165	29	week	week	NOUN
dem-8588	165	30	,	,	PUNCT
dem-8588	165	31	or	or	CCONJ
dem-8588	165	32	statistically	statistically	ADV
dem-8588	165	33	significantly	significantly	ADV
dem-8588	165	34	higher	high	ADJ
dem-8588	165	35	on	on	ADP
dem-8588	165	36	wednesdays	wednesday	NOUN
dem-8588	165	37	than	than	ADP
dem-8588	165	38	on	on	ADP
dem-8588	165	39	mondays	monday	NOUN
dem-8588	165	40	.	.	PUNCT
dem-8588	166	1	moreover	moreover	ADV
dem-8588	166	2	,	,	PUNCT
dem-8588	166	3	on	on	ADP
dem-8588	166	4	the	the	DET
dem-8588	166	5	basis	basis	NOUN
dem-8588	166	6	of	of	ADP
dem-8588	166	7	the	the	DET
dem-8588	166	8	model	model	NOUN
dem-8588	166	9	(	(	PUNCT
dem-8588	166	10	3	3	NUM
dem-8588	166	11	)	)	PUNCT
dem-8588	166	12	estimation	estimation	NOUN
dem-8588	166	13	,	,	PUNCT
dem-8588	166	14	we	we	PRON
dem-8588	166	15	found	find	VERB
dem-8588	166	16	the	the	DET
dem-8588	166	17	‘	'	PUNCT
dem-8588	166	18	partial	partial	ADJ
dem-8588	166	19	inverted	inverted	ADJ
dem-8588	166	20	u	u	NOUN
dem-8588	166	21	-	-	NOUN
dem-8588	166	22	shape	shape	NOUN
dem-8588	166	23	’	'	PUNCT
dem-8588	166	24	in	in	ADP
dem-8588	166	25	daily	daily	ADJ
dem-8588	166	26	turnover	turnover	NOUN
dem-8588	166	27	for	for	ADP
dem-8588	166	28	14	14	NUM
dem-8588	166	29	companies	company	NOUN
dem-8588	166	30	,	,	PUNCT
dem-8588	166	31	including	include	VERB
dem-8588	166	32	11	11	NUM
dem-8588	166	33	big	big	ADJ
dem-8588	166	34	(	(	PUNCT
dem-8588	166	35	bph	bph	NOUN
dem-8588	166	36	,	,	PUNCT
dem-8588	166	37	gtc	gtc	PROPN
dem-8588	166	38	,	,	PUNCT
dem-8588	166	39	ing	ing	ADJ
dem-8588	166	40	,	,	PUNCT
dem-8588	166	41	kgh	kgh	PROPN
dem-8588	166	42	,	,	PUNCT
dem-8588	166	43	mbk	mbk	PROPN
dem-8588	166	44	,	,	PUNCT
dem-8588	166	45	mil	mil	NOUN
dem-8588	166	46	,	,	PUNCT
dem-8588	166	47	net	net	NOUN
dem-8588	166	48	,	,	PUNCT
dem-8588	166	49	opl	opl	PROPN
dem-8588	166	50	,	,	PUNCT
dem-8588	166	51	peo	peo	PROPN
dem-8588	166	52	,	,	PUNCT
dem-8588	166	53	pkn	pkn	PROPN
dem-8588	166	54	,	,	PUNCT
dem-8588	166	55	pko	pko	PROPN
dem-8588	166	56	)	)	PUNCT
dem-8588	166	57	,	,	PUNCT
dem-8588	166	58	2	2	NUM
dem-8588	166	59	medium	medium	NOUN
dem-8588	166	60	(	(	PUNCT
dem-8588	166	61	mni	mni	PROPN
dem-8588	166	62	,	,	PUNCT
dem-8588	166	63	stx	stx	NOUN
dem-8588	166	64	)	)	PUNCT
dem-8588	166	65	and	and	CCONJ
dem-8588	166	66	1	1	NUM
dem-8588	166	67	small	small	ADJ
dem-8588	166	68	firm	firm	NOUN
dem-8588	166	69	(	(	PUNCT
dem-8588	166	70	mza	mza	PROPN
dem-8588	166	71	)	)	PUNCT
dem-8588	166	72	.	.	PUNCT
dem-8588	167	1	furthermore	furthermore	ADV
dem-8588	167	2	,	,	PUNCT
dem-8588	167	3	we	we	PRON
dem-8588	167	4	did	do	AUX
dem-8588	167	5	not	not	PART
dem-8588	167	6	confirm	confirm	VERB
dem-8588	167	7	the	the	DET
dem-8588	167	8	occurrence	occurrence	NOUN
dem-8588	167	9	of	of	ADP
dem-8588	167	10	the	the	DET
dem-8588	167	11	‘	'	PUNCT
dem-8588	167	12	full	full	ADJ
dem-8588	167	13	inverted	inverted	ADJ
dem-8588	167	14	u	u	NOUN
dem-8588	167	15	-	-	NOUN
dem-8588	167	16	shape	shape	NOUN
dem-8588	167	17	’	'	PUNCT
dem-8588	167	18	in	in	ADP
dem-8588	167	19	daily	daily	ADJ
dem-8588	167	20	turnover	turnover	NOUN
dem-8588	167	21	of	of	ADP
dem-8588	167	22	the	the	DET
dem-8588	167	23	companies	company	NOUN
dem-8588	167	24	analysed	analyse	VERB
dem-8588	167	25	,	,	PUNCT
dem-8588	167	26	since	since	SCONJ
dem-8588	167	27	in	in	ADP
dem-8588	167	28	the	the	DET
dem-8588	167	29	majority	majority	NOUN
dem-8588	167	30	of	of	ADP
dem-8588	167	31	the	the	DET
dem-8588	167	32	cases	case	NOUN
dem-8588	167	33	the	the	DET
dem-8588	167	34	level	level	NOUN
dem-8588	167	35	on	on	ADP
dem-8588	167	36	friday	friday	PROPN
dem-8588	167	37	turnover	turnover	NOUN
dem-8588	167	38	was	be	AUX
dem-8588	167	39	not	not	PART
dem-8588	167	40	statistically	statistically	ADV
dem-8588	167	41	significantly	significantly	ADV
dem-8588	167	42	lower	low	ADJ
dem-8588	167	43	than	than	ADP
dem-8588	167	44	on	on	ADP
dem-8588	167	45	the	the	DET
dem-8588	167	46	other	other	ADJ
dem-8588	167	47	days	day	NOUN
dem-8588	167	48	of	of	ADP
dem-8588	167	49	the	the	DET
dem-8588	167	50	week	week	NOUN
dem-8588	167	51	.	.	PUNCT
dem-8588	168	1	for	for	ADP
dem-8588	168	2	17	17	NUM
dem-8588	168	3	big	big	ADJ
dem-8588	168	4	companies	company	NOUN
dem-8588	168	5	(	(	PUNCT
dem-8588	168	6	bhw	bhw	PROPN
dem-8588	168	7	,	,	PUNCT
dem-8588	168	8	bzw	bzw	PROPN
dem-8588	168	9	,	,	PUNCT
dem-8588	168	10	ech	ech	PROPN
dem-8588	168	11	,	,	PUNCT
dem-8588	168	12	gtc	gtc	PROPN
dem-8588	168	13	,	,	PUNCT
dem-8588	168	14	gtn	gtn	PROPN
dem-8588	168	15	,	,	PUNCT
dem-8588	168	16	ing	ing	PROPN
dem-8588	168	17	,	,	PUNCT
dem-8588	168	18	kgh	kgh	ADJ
dem-8588	168	19	,	,	PUNCT
dem-8588	168	20	kty	kty	PROPN
dem-8588	168	21	,	,	PUNCT
dem-8588	168	22	lpp	lpp	PROPN
dem-8588	168	23	,	,	PUNCT
dem-8588	168	24	mbk	mbk	PROPN
dem-8588	168	25	,	,	PUNCT
dem-8588	168	26	mil	mil	NOUN
dem-8588	168	27	,	,	PUNCT
dem-8588	168	28	net	net	NOUN
dem-8588	168	29	,	,	PUNCT
dem-8588	168	30	opl	opl	PROPN
dem-8588	168	31	,	,	PUNCT
dem-8588	168	32	peo	peo	PROPN
dem-8588	168	33	,	,	PUNCT
dem-8588	168	34	pkn	pkn	PROPN
dem-8588	168	35	,	,	PUNCT
dem-8588	168	36	pko	pko	PROPN
dem-8588	168	37	,	,	PUNCT
dem-8588	168	38	tvn	tvn	PROPN
dem-8588	168	39	)	)	PUNCT
dem-8588	168	40	the	the	DET
dem-8588	168	41	level	level	NOUN
dem-8588	168	42	of	of	ADP
dem-8588	168	43	turnover	turnover	NOUN
dem-8588	168	44	on	on	ADP
dem-8588	168	45	fridays	friday	NOUN
dem-8588	168	46	was	be	AUX
dem-8588	168	47	statistically	statistically	ADV
dem-8588	168	48	significantly	significantly	ADV
dem-8588	168	49	higher	high	ADJ
dem-8588	168	50	compared	compare	VERB
dem-8588	168	51	with	with	ADP
dem-8588	168	52	the	the	DET
dem-8588	168	53	level	level	NOUN
dem-8588	168	54	on	on	ADP
dem-8588	168	55	mondays	monday	NOUN
dem-8588	168	56	.	.	PUNCT
dem-8588	169	1	only	only	ADV
dem-8588	169	2	for	for	ADP
dem-8588	169	3	2	2	NUM
dem-8588	169	4	big	big	ADJ
dem-8588	169	5	companies	company	NOUN
dem-8588	169	6	(	(	PUNCT
dem-8588	169	7	bph	bph	NOUN
dem-8588	169	8	and	and	CCONJ
dem-8588	169	9	opl	opl	NOUN
dem-8588	169	10	)	)	PUNCT
dem-8588	169	11	the	the	DET
dem-8588	169	12	daily	daily	ADJ
dem-8588	169	13	turnover	turnover	NOUN
dem-8588	169	14	level	level	NOUN
dem-8588	169	15	turned	turn	VERB
dem-8588	169	16	out	out	ADP
dem-8588	169	17	to	to	PART
dem-8588	169	18	be	be	AUX
dem-8588	169	19	statistically	statistically	ADV
dem-8588	169	20	significantly	significantly	ADV
dem-8588	169	21	lower	low	ADJ
dem-8588	169	22	on	on	ADP
dem-8588	169	23	fridays	friday	NOUN
dem-8588	169	24	in	in	ADP
dem-8588	169	25	comparison	comparison	NOUN
dem-8588	169	26	with	with	ADP
dem-8588	169	27	wednesdays	wednesday	NOUN
dem-8588	169	28	.	.	PUNCT
dem-8588	170	1	barely	barely	ADV
dem-8588	170	2	for	for	ADP
dem-8588	170	3	2	2	NUM
dem-8588	170	4	companies	company	NOUN
dem-8588	170	5	(	(	PUNCT
dem-8588	170	6	bph	bph	NOUN
dem-8588	170	7	and	and	CCONJ
dem-8588	170	8	mil	mil	NOUN
dem-8588	170	9	)	)	PUNCT
dem-8588	170	10	we	we	PRON
dem-8588	170	11	can	can	AUX
dem-8588	170	12	venture	venture	VERB
dem-8588	170	13	the	the	DET
dem-8588	170	14	conclusion	conclusion	NOUN
dem-8588	170	15	of	of	ADP
dem-8588	170	16	the	the	DET
dem-8588	170	17	existence	existence	NOUN
dem-8588	170	18	of	of	ADP
dem-8588	170	19	the	the	DET
dem-8588	170	20	‘	'	PUNCT
dem-8588	170	21	full	full	ADJ
dem-8588	170	22	inverted	inverted	ADJ
dem-8588	170	23	u	u	NOUN
dem-8588	170	24	-	-	NOUN
dem-8588	170	25	shape	shape	NOUN
dem-8588	170	26	’	'	PUNCT
dem-8588	170	27	in	in	ADP
dem-8588	170	28	daily	daily	ADJ
dem-8588	170	29	turnover	turnover	NOUN
dem-8588	170	30	(	(	PUNCT
dem-8588	170	31	involving	involve	VERB
dem-8588	170	32	monday	monday	PROPN
dem-8588	170	33	,	,	PUNCT
dem-8588	170	34	wednesday	wednesday	PROPN
dem-8588	170	35	and	and	CCONJ
dem-8588	170	36	friday	friday	PROPN
dem-8588	170	37	effect	effect	NOUN
dem-8588	170	38	at	at	ADP
dem-8588	170	39	the	the	DET
dem-8588	170	40	same	same	ADJ
dem-8588	170	41	time	time	NOUN
dem-8588	170	42	)	)	PUNCT
dem-8588	170	43	.	.	PUNCT
dem-8588	171	1	in	in	ADP
dem-8588	171	2	the	the	DET
dem-8588	171	3	case	case	NOUN
dem-8588	171	4	of	of	ADP
dem-8588	171	5	the	the	DET
dem-8588	171	6	bph	bph	NOUN
dem-8588	171	7	company	company	NOUN
dem-8588	171	8	,	,	PUNCT
dem-8588	171	9	on	on	ADP
dem-8588	171	10	the	the	DET
dem-8588	171	11	basis	basis	NOUN
dem-8588	171	12	of	of	ADP
dem-8588	171	13	the	the	DET
dem-8588	171	14	model	model	NOUN
dem-8588	171	15	(	(	PUNCT
dem-8588	171	16	2	2	NUM
dem-8588	171	17	)	)	PUNCT
dem-8588	171	18	estimation	estimation	NOUN
dem-8588	171	19	,	,	PUNCT
dem-8588	171	20	we	we	PRON
dem-8588	171	21	noted	note	VERB
dem-8588	171	22	that	that	SCONJ
dem-8588	171	23	the	the	DET
dem-8588	171	24	turnover	turnover	NOUN
dem-8588	171	25	was	be	AUX
dem-8588	171	26	simultaneously	simultaneously	ADV
dem-8588	171	27	:	:	PUNCT
dem-8588	171	28	(	(	PUNCT
dem-8588	171	29	i	i	NOUN
dem-8588	171	30	)	)	PUNCT
dem-8588	171	31	statistically	statistically	ADV
dem-8588	171	32	significantly	significantly	ADV
dem-8588	171	33	lower	low	ADJ
dem-8588	171	34	on	on	ADP
dem-8588	171	35	mondays	monday	NOUN
dem-8588	171	36	compared	compare	VERB
dem-8588	171	37	with	with	ADP
dem-8588	171	38	tuesdays	tuesday	NOUN
dem-8588	171	39	,	,	PUNCT
dem-8588	171	40	wednesdays	wednesday	NOUN
dem-8588	171	41	and	and	CCONJ
dem-8588	171	42	thursdays	thursday	NOUN
dem-8588	171	43	;	;	PUNCT
dem-8588	171	44	(	(	PUNCT
dem-8588	171	45	ii	ii	NOUN
dem-8588	171	46	)	)	PUNCT
dem-8588	171	47	statistically	statistically	ADV
dem-8588	171	48	significantly	significantly	ADV
dem-8588	171	49	higher	high	ADJ
dem-8588	171	50	on	on	ADP
dem-8588	171	51	wednesdays	wednesday	NOUN
dem-8588	171	52	compared	compare	VERB
dem-8588	171	53	with	with	ADP
dem-8588	171	54	mondays	monday	NOUN
dem-8588	171	55	,	,	PUNCT
dem-8588	171	56	thursdays	thursday	NOUN
dem-8588	171	57	and	and	CCONJ
dem-8588	171	58	fridays	friday	NOUN
dem-8588	171	59	;	;	PUNCT
dem-8588	171	60	(	(	PUNCT
dem-8588	171	61	iii	iii	X
dem-8588	171	62	)	)	PUNCT
dem-8588	171	63	statistically	statistically	ADV
dem-8588	171	64	significantly	significantly	ADV
dem-8588	171	65	lower	low	ADJ
dem-8588	171	66	on	on	ADP
dem-8588	171	67	fridays	friday	NOUN
dem-8588	171	68	compared	compare	VERB
dem-8588	171	69	with	with	ADP
dem-8588	171	70	tuesdays	tuesday	NOUN
dem-8588	171	71	and	and	CCONJ
dem-8588	171	72	wednesdays	wednesday	NOUN
dem-8588	171	73	.	.	PUNCT
dem-8588	172	1	those	those	DET
dem-8588	172	2	findings	finding	NOUN
dem-8588	172	3	were	be	AUX
dem-8588	172	4	only	only	ADV
dem-8588	172	5	partially	partially	ADV
dem-8588	172	6	confirmed	confirm	VERB
dem-8588	172	7	by	by	ADP
dem-8588	172	8	the	the	DET
dem-8588	172	9	results	result	NOUN
dem-8588	172	10	of	of	ADP
dem-8588	172	11	the	the	DET
dem-8588	172	12	estimation	estimation	NOUN
dem-8588	172	13	of	of	ADP
dem-8588	172	14	the	the	DET
dem-8588	172	15	model	model	NOUN
dem-8588	172	16	(	(	PUNCT
dem-8588	172	17	3	3	NUM
dem-8588	172	18	)	)	PUNCT
dem-8588	172	19	,	,	PUNCT
dem-8588	172	20	which	which	PRON
dem-8588	172	21	showed	show	VERB
dem-8588	172	22	rather	rather	ADV
dem-8588	172	23	the	the	DET
dem-8588	172	24	existence	existence	NOUN
dem-8588	172	25	of	of	ADP
dem-8588	172	26	the	the	DET
dem-8588	172	27	‘	'	PUNCT
dem-8588	172	28	partial	partial	ADJ
dem-8588	172	29	inverted	inverted	ADJ
dem-8588	172	30	u	u	NOUN
dem-8588	172	31	-	-	NOUN
dem-8588	172	32	shape	shape	NOUN
dem-8588	172	33	’	'	PUNCT
dem-8588	172	34	in	in	ADP
dem-8588	172	35	daily	daily	ADJ
dem-8588	172	36	turnover	turnover	NOUN
dem-8588	172	37	of	of	ADP
dem-8588	172	38	the	the	DET
dem-8588	172	39	bph	bph	NOUN
dem-8588	172	40	.	.	PUNCT
dem-8588	173	1	conday	conday	PROPN
dem-8588	173	2	-	-	PUNCT
dem-8588	173	3	of	of	ADP
dem-8588	173	4	-	-	PUNCT
dem-8588	173	5	the	the	DET
dem-8588	173	6	-	-	PUNCT
dem-8588	173	7	week	week	NOUN
dem-8588	173	8	effects	effect	NOUN
dem-8588	173	9	in	in	ADP
dem-8588	173	10	liquidity	liquidity	NOUN
dem-8588	173	11	on	on	ADP
dem-8588	173	12	the	the	DET
dem-8588	173	13	warsaw	warsaw	PROPN
dem-8588	173	14	stock	stock	PROPN
dem-8588	173	15	exchange	exchange	PROPN
dem-8588	173	16	dynamic	dynamic	ADJ
dem-8588	173	17	econometric	econometric	ADJ
dem-8588	173	18	models	model	NOUN
dem-8588	173	19	15	15	NUM
dem-8588	173	20	(	(	PUNCT
dem-8588	173	21	2015	2015	NUM
dem-8588	173	22	)	)	PUNCT
dem-8588	173	23	49–69	49–69	NUM
dem-8588	173	24	59	59	NUM
dem-8588	173	25	versely	versely	ADV
dem-8588	173	26	,	,	PUNCT
dem-8588	173	27	in	in	ADP
dem-8588	173	28	the	the	DET
dem-8588	173	29	case	case	NOUN
dem-8588	173	30	of	of	ADP
dem-8588	173	31	the	the	DET
dem-8588	173	32	mil	mil	PROPN
dem-8588	173	33	company	company	NOUN
dem-8588	173	34	,	,	PUNCT
dem-8588	173	35	the	the	DET
dem-8588	173	36	results	result	NOUN
dem-8588	173	37	of	of	ADP
dem-8588	173	38	the	the	DET
dem-8588	173	39	model	model	NOUN
dem-8588	173	40	(	(	PUNCT
dem-8588	173	41	2	2	NUM
dem-8588	173	42	)	)	PUNCT
dem-8588	173	43	estimation	estimation	NOUN
dem-8588	173	44	proved	prove	VERB
dem-8588	173	45	the	the	DET
dem-8588	173	46	occurrence	occurrence	NOUN
dem-8588	173	47	of	of	ADP
dem-8588	173	48	the	the	DET
dem-8588	173	49	‘	'	PUNCT
dem-8588	173	50	partial	partial	ADJ
dem-8588	173	51	inverted	inverted	ADJ
dem-8588	173	52	u	u	NOUN
dem-8588	173	53	-	-	NOUN
dem-8588	173	54	shape	shape	NOUN
dem-8588	173	55	’	'	PUNCT
dem-8588	173	56	,	,	PUNCT
dem-8588	173	57	whereas	whereas	SCONJ
dem-8588	173	58	the	the	DET
dem-8588	173	59	results	result	NOUN
dem-8588	173	60	of	of	ADP
dem-8588	173	61	model	model	NOUN
dem-8588	173	62	(	(	PUNCT
dem-8588	173	63	3	3	NUM
dem-8588	173	64	)	)	PUNCT
dem-8588	173	65	estimation	estimation	NOUN
dem-8588	173	66	–	–	PUNCT
dem-8588	173	67	the	the	DET
dem-8588	173	68	existence	existence	NOUN
dem-8588	173	69	of	of	ADP
dem-8588	173	70	the	the	DET
dem-8588	173	71	‘	'	PUNCT
dem-8588	173	72	full	full	ADJ
dem-8588	173	73	inverted	inverted	ADJ
dem-8588	173	74	u	u	NOUN
dem-8588	173	75	-	-	NOUN
dem-8588	173	76	shape	shape	NOUN
dem-8588	173	77	’	'	PUNCT
dem-8588	173	78	in	in	ADP
dem-8588	173	79	the	the	DET
dem-8588	173	80	stock	stock	NOUN
dem-8588	173	81	turnover	turnover	NOUN
dem-8588	173	82	.	.	PUNCT
dem-8588	174	1	conclusions	conclusion	NOUN
dem-8588	174	2	the	the	DET
dem-8588	174	3	main	main	ADJ
dem-8588	174	4	goal	goal	NOUN
dem-8588	174	5	of	of	ADP
dem-8588	174	6	this	this	DET
dem-8588	174	7	paper	paper	NOUN
dem-8588	174	8	was	be	AUX
dem-8588	174	9	to	to	PART
dem-8588	174	10	explore	explore	VERB
dem-8588	174	11	and	and	CCONJ
dem-8588	174	12	to	to	PART
dem-8588	174	13	document	document	VERB
dem-8588	174	14	day	day	NOUN
dem-8588	174	15	-	-	PUNCT
dem-8588	174	16	of	of	ADP
dem-8588	174	17	-	-	PUNCT
dem-8588	174	18	theweek	theweek	NOUN
dem-8588	174	19	effects	effect	NOUN
dem-8588	174	20	in	in	ADP
dem-8588	174	21	liquidity	liquidity	NOUN
dem-8588	174	22	on	on	ADP
dem-8588	174	23	the	the	DET
dem-8588	174	24	wse	wse	NOUN
dem-8588	174	25	,	,	PUNCT
dem-8588	174	26	using	use	VERB
dem-8588	174	27	daily	daily	ADJ
dem-8588	174	28	turnover	turnover	NOUN
dem-8588	174	29	as	as	ADP
dem-8588	174	30	a	a	DET
dem-8588	174	31	liquidity	liquidity	NOUN
dem-8588	174	32	measure	measure	NOUN
dem-8588	174	33	.	.	PUNCT
dem-8588	175	1	to	to	PART
dem-8588	175	2	address	address	VERB
dem-8588	175	3	this	this	DET
dem-8588	175	4	issue	issue	NOUN
dem-8588	175	5	,	,	PUNCT
dem-8588	175	6	we	we	PRON
dem-8588	175	7	employed	employ	VERB
dem-8588	175	8	the	the	DET
dem-8588	175	9	ols	ol	NOUN
dem-8588	175	10	method	method	NOUN
dem-8588	175	11	with	with	ADP
dem-8588	175	12	the	the	DET
dem-8588	175	13	hac	hac	X
dem-8588	175	14	covariance	covariance	NOUN
dem-8588	175	15	matrix	matrix	NOUN
dem-8588	175	16	estimation	estimation	NOUN
dem-8588	175	17	and	and	CCONJ
dem-8588	175	18	the	the	DET
dem-8588	175	19	garch	garch	NOUN
dem-8588	175	20	-	-	PUNCT
dem-8588	175	21	type	type	NOUN
dem-8588	175	22	models	model	NOUN
dem-8588	175	23	.	.	PUNCT
dem-8588	176	1	to	to	PART
dem-8588	176	2	account	account	VERB
dem-8588	176	3	for	for	ADP
dem-8588	176	4	daily	daily	ADJ
dem-8588	176	5	seasonality	seasonality	NOUN
dem-8588	176	6	in	in	ADP
dem-8588	176	7	the	the	DET
dem-8588	176	8	turnover	turnover	NOUN
dem-8588	176	9	,	,	PUNCT
dem-8588	176	10	dummy	dummy	ADJ
dem-8588	176	11	variables	variable	NOUN
dem-8588	176	12	were	be	AUX
dem-8588	176	13	incorporated	incorporate	VERB
dem-8588	176	14	into	into	ADP
dem-8588	176	15	the	the	DET
dem-8588	176	16	models	model	NOUN
dem-8588	176	17	.	.	PUNCT
dem-8588	177	1	we	we	PRON
dem-8588	177	2	investigated	investigate	VERB
dem-8588	177	3	53	53	NUM
dem-8588	177	4	wse	wse	NOUN
dem-8588	177	5	-	-	PUNCT
dem-8588	177	6	listed	list	VERB
dem-8588	177	7	stocks	stock	NOUN
dem-8588	177	8	from	from	ADP
dem-8588	177	9	three	three	NUM
dem-8588	177	10	size	size	NOUN
dem-8588	177	11	groups	group	NOUN
dem-8588	177	12	.	.	PUNCT
dem-8588	178	1	our	our	PRON
dem-8588	178	2	research	research	NOUN
dem-8588	178	3	provided	provide	VERB
dem-8588	178	4	evidence	evidence	NOUN
dem-8588	178	5	for	for	ADP
dem-8588	178	6	pronounced	pronounce	VERB
dem-8588	178	7	monday	monday	PROPN
dem-8588	178	8	and	and	CCONJ
dem-8588	178	9	wednesday	wednesday	PROPN
dem-8588	178	10	effects	effect	NOUN
dem-8588	178	11	in	in	ADP
dem-8588	178	12	daily	daily	ADJ
dem-8588	178	13	turnover	turnover	NOUN
dem-8588	178	14	on	on	ADP
dem-8588	178	15	the	the	DET
dem-8588	178	16	wse	wse	NOUN
dem-8588	178	17	,	,	PUNCT
dem-8588	178	18	especially	especially	ADV
dem-8588	178	19	in	in	ADP
dem-8588	178	20	the	the	DET
dem-8588	178	21	big	big	ADJ
dem-8588	178	22	group	group	NOUN
dem-8588	178	23	.	.	PUNCT
dem-8588	179	1	furthermore	furthermore	ADV
dem-8588	179	2	,	,	PUNCT
dem-8588	179	3	we	we	PRON
dem-8588	179	4	observed	observe	VERB
dem-8588	179	5	the	the	DET
dem-8588	179	6	so	so	ADV
dem-8588	179	7	-	-	PUNCT
dem-8588	179	8	called	call	VERB
dem-8588	179	9	‘	'	PUNCT
dem-8588	179	10	partial	partial	ADJ
dem-8588	179	11	inverted	inverted	ADJ
dem-8588	179	12	u	u	NOUN
dem-8588	179	13	-	-	NOUN
dem-8588	179	14	shape	shape	NOUN
dem-8588	179	15	’	'	PUNCT
dem-8588	179	16	in	in	ADP
dem-8588	179	17	daily	daily	ADJ
dem-8588	179	18	turnover	turnover	NOUN
dem-8588	179	19	in	in	ADP
dem-8588	179	20	the	the	DET
dem-8588	179	21	case	case	NOUN
dem-8588	179	22	of	of	ADP
dem-8588	179	23	22	22	NUM
dem-8588	179	24	out	out	ADP
dem-8588	179	25	of	of	ADP
dem-8588	179	26	53	53	NUM
dem-8588	179	27	firms	firm	NOUN
dem-8588	179	28	.	.	PUNCT
dem-8588	180	1	moreover	moreover	ADV
dem-8588	180	2	,	,	PUNCT
dem-8588	180	3	the	the	DET
dem-8588	180	4	graphs	graph	NOUN
dem-8588	180	5	showing	show	VERB
dem-8588	180	6	the	the	DET
dem-8588	180	7	average	average	ADJ
dem-8588	180	8	daily	daily	ADJ
dem-8588	180	9	stock	stock	NOUN
dem-8588	180	10	turnover	turnover	NOUN
dem-8588	180	11	on	on	ADP
dem-8588	180	12	each	each	DET
dem-8588	180	13	day	day	NOUN
dem-8588	180	14	of	of	ADP
dem-8588	180	15	the	the	DET
dem-8588	180	16	week	week	NOUN
dem-8588	180	17	were	be	AUX
dem-8588	180	18	created	create	VERB
dem-8588	180	19	and	and	CCONJ
dem-8588	180	20	they	they	PRON
dem-8588	180	21	revealed	reveal	VERB
dem-8588	180	22	an	an	DET
dem-8588	180	23	inverted	inverted	ADJ
dem-8588	180	24	u	u	NOUN
dem-8588	180	25	-	-	NOUN
dem-8588	180	26	shape	shape	NOUN
dem-8588	180	27	in	in	ADP
dem-8588	180	28	some	some	DET
dem-8588	180	29	cases	case	NOUN
dem-8588	180	30	.	.	PUNCT
dem-8588	181	1	although	although	SCONJ
dem-8588	181	2	relatively	relatively	ADV
dem-8588	181	3	little	little	ADJ
dem-8588	181	4	empirical	empirical	ADJ
dem-8588	181	5	research	research	NOUN
dem-8588	181	6	has	have	AUX
dem-8588	181	7	been	be	AUX
dem-8588	181	8	conducted	conduct	VERB
dem-8588	181	9	on	on	ADP
dem-8588	181	10	the	the	DET
dem-8588	181	11	day	day	NOUN
dem-8588	181	12	-	-	PUNCT
dem-8588	181	13	of	of	ADP
dem-8588	181	14	-	-	PUNCT
dem-8588	181	15	the	the	DET
dem-8588	181	16	-	-	PUNCT
dem-8588	181	17	week	week	NOUN
dem-8588	181	18	effects	effect	NOUN
dem-8588	181	19	in	in	ADP
dem-8588	181	20	liquidity	liquidity	NOUN
dem-8588	181	21	on	on	ADP
dem-8588	181	22	stock	stock	NOUN
dem-8588	181	23	markets	market	NOUN
dem-8588	181	24	in	in	ADP
dem-8588	181	25	the	the	DET
dem-8588	181	26	world	world	NOUN
dem-8588	181	27	,	,	PUNCT
dem-8588	181	28	our	our	PRON
dem-8588	181	29	findings	finding	NOUN
dem-8588	181	30	are	be	AUX
dem-8588	181	31	rather	rather	ADV
dem-8588	181	32	consistent	consistent	ADJ
dem-8588	181	33	with	with	ADP
dem-8588	181	34	the	the	DET
dem-8588	181	35	existing	exist	VERB
dem-8588	181	36	literature	literature	NOUN
dem-8588	181	37	.	.	PUNCT
dem-8588	182	1	in	in	ADP
dem-8588	182	2	light	light	NOUN
dem-8588	182	3	of	of	ADP
dem-8588	182	4	our	our	PRON
dem-8588	182	5	empirical	empirical	ADJ
dem-8588	182	6	results	result	NOUN
dem-8588	182	7	,	,	PUNCT
dem-8588	182	8	it	it	PRON
dem-8588	182	9	seems	seem	VERB
dem-8588	182	10	that	that	SCONJ
dem-8588	182	11	the	the	DET
dem-8588	182	12	trading	trading	NOUN
dem-8588	182	13	volume	volume	NOUN
dem-8588	182	14	on	on	ADP
dem-8588	182	15	the	the	DET
dem-8588	182	16	wse	wse	NOUN
dem-8588	182	17	is	be	AUX
dem-8588	182	18	usually	usually	ADV
dem-8588	182	19	the	the	DET
dem-8588	182	20	lowest	low	ADJ
dem-8588	182	21	on	on	ADP
dem-8588	182	22	mondays	monday	NOUN
dem-8588	182	23	,	,	PUNCT
dem-8588	182	24	but	but	CCONJ
dem-8588	182	25	the	the	DET
dem-8588	182	26	most	most	ADV
dem-8588	182	27	active	active	ADJ
dem-8588	182	28	periods	period	NOUN
dem-8588	182	29	are	be	AUX
dem-8588	182	30	in	in	ADP
dem-8588	182	31	the	the	DET
dem-8588	182	32	middle	middle	NOUN
dem-8588	182	33	of	of	ADP
dem-8588	182	34	the	the	DET
dem-8588	182	35	week	week	NOUN
dem-8588	182	36	.	.	PUNCT
dem-8588	183	1	from	from	ADP
dem-8588	183	2	an	an	DET
dem-8588	183	3	investor	investor	NOUN
dem-8588	183	4	’s	’s	PART
dem-8588	183	5	point	point	NOUN
dem-8588	183	6	of	of	ADP
dem-8588	183	7	view	view	NOUN
dem-8588	183	8	it	it	PRON
dem-8588	183	9	is	be	AUX
dem-8588	183	10	important	important	ADJ
dem-8588	183	11	that	that	SCONJ
dem-8588	183	12	these	these	DET
dem-8588	183	13	findings	finding	NOUN
dem-8588	183	14	are	be	AUX
dem-8588	183	15	also	also	ADV
dem-8588	183	16	in	in	ADP
dem-8588	183	17	accordance	accordance	NOUN
dem-8588	183	18	with	with	ADP
dem-8588	183	19	the	the	DET
dem-8588	183	20	investor	investor	NOUN
dem-8588	183	21	’s	’s	PART
dem-8588	183	22	intuition	intuition	NOUN
dem-8588	183	23	.	.	PUNCT
dem-8588	184	1	it	it	PRON
dem-8588	184	2	is	be	AUX
dem-8588	184	3	worth	worth	ADJ
dem-8588	184	4	stressing	stress	VERB
dem-8588	184	5	that	that	SCONJ
dem-8588	184	6	our	our	PRON
dem-8588	184	7	study	study	NOUN
dem-8588	184	8	situates	situate	VERB
dem-8588	184	9	itself	itself	PRON
dem-8588	184	10	in	in	ADP
dem-8588	184	11	the	the	DET
dem-8588	184	12	broad	broad	ADJ
dem-8588	184	13	strand	strand	NOUN
dem-8588	184	14	of	of	ADP
dem-8588	184	15	literature	literature	NOUN
dem-8588	184	16	concerning	concern	VERB
dem-8588	184	17	commonality	commonality	NOUN
dem-8588	184	18	in	in	ADP
dem-8588	184	19	liquidity	liquidity	NOUN
dem-8588	184	20	,	,	PUNCT
dem-8588	184	21	which	which	PRON
dem-8588	184	22	is	be	AUX
dem-8588	184	23	nowadays	nowadays	ADV
dem-8588	184	24	the	the	DET
dem-8588	184	25	centre	centre	NOUN
dem-8588	184	26	of	of	ADP
dem-8588	184	27	attention	attention	NOUN
dem-8588	184	28	of	of	ADP
dem-8588	184	29	many	many	ADJ
dem-8588	184	30	empirical	empirical	ADJ
dem-8588	184	31	research	research	NOUN
dem-8588	184	32	papers	paper	NOUN
dem-8588	184	33	(	(	PUNCT
dem-8588	184	34	e.g.	e.g.	ADV
dem-8588	184	35	olbryś	olbryś	ADJ
dem-8588	184	36	,	,	PUNCT
dem-8588	184	37	2014a	2014a	NUM
dem-8588	184	38	;	;	PUNCT
dem-8588	184	39	2014b	2014b	NUM
dem-8588	184	40	;	;	PUNCT
dem-8588	184	41	karolyi	karolyi	PROPN
dem-8588	184	42	et	et	PROPN
dem-8588	184	43	al	al	PROPN
dem-8588	184	44	.	.	PROPN
dem-8588	184	45	,	,	PUNCT
dem-8588	184	46	2012	2012	NUM
dem-8588	184	47	)	)	PUNCT
dem-8588	184	48	.	.	PUNCT
dem-8588	185	1	given	give	VERB
dem-8588	185	2	the	the	DET
dem-8588	185	3	importance	importance	NOUN
dem-8588	185	4	of	of	ADP
dem-8588	185	5	the	the	DET
dem-8588	185	6	topic	topic	NOUN
dem-8588	185	7	,	,	PUNCT
dem-8588	185	8	one	one	NUM
dem-8588	185	9	of	of	ADP
dem-8588	185	10	the	the	DET
dem-8588	185	11	possible	possible	ADJ
dem-8588	185	12	directions	direction	NOUN
dem-8588	185	13	for	for	ADP
dem-8588	185	14	further	further	ADJ
dem-8588	185	15	investigation	investigation	NOUN
dem-8588	185	16	could	could	AUX
dem-8588	185	17	be	be	AUX
dem-8588	185	18	to	to	PART
dem-8588	185	19	examine	examine	VERB
dem-8588	185	20	day	day	NOUN
dem-8588	185	21	-	-	PUNCT
dem-8588	185	22	of	of	ADP
dem-8588	185	23	-	-	PUNCT
dem-8588	185	24	the	the	DET
dem-8588	185	25	-	-	PUNCT
dem-8588	185	26	week	week	NOUN
dem-8588	185	27	patterns	pattern	NOUN
dem-8588	185	28	in	in	ADP
dem-8588	185	29	liquidity	liquidity	NOUN
dem-8588	185	30	on	on	ADP
dem-8588	185	31	the	the	DET
dem-8588	185	32	wse	wse	NOUN
dem-8588	185	33	following	follow	VERB
dem-8588	185	34	the	the	DET
dem-8588	185	35	methodology	methodology	NOUN
dem-8588	185	36	proposed	propose	VERB
dem-8588	185	37	by	by	ADP
dem-8588	185	38	franses	franse	NOUN
dem-8588	185	39	and	and	CCONJ
dem-8588	185	40	paap	paap	ADJ
dem-8588	185	41	(	(	PUNCT
dem-8588	185	42	2000	2000	NUM
dem-8588	185	43	)	)	PUNCT
dem-8588	185	44	or	or	CCONJ
dem-8588	185	45	žikeš	žikeš	NOUN
dem-8588	185	46	and	and	CCONJ
dem-8588	185	47	bubák	bubák	PRON
dem-8588	185	48	(	(	PUNCT
dem-8588	185	49	2006	2006	NUM
dem-8588	185	50	)	)	PUNCT
dem-8588	185	51	.	.	PUNCT
dem-8588	186	1	the	the	DET
dem-8588	186	2	former	former	ADJ
dem-8588	186	3	authors	author	NOUN
dem-8588	186	4	employ	employ	VERB
dem-8588	186	5	the	the	DET
dem-8588	186	6	par	par	ADJ
dem-8588	186	7	-	-	PUNCT
dem-8588	186	8	pgarch	pgarch	NOUN
dem-8588	186	9	model	model	NOUN
dem-8588	186	10	to	to	PART
dem-8588	186	11	investigate	investigate	VERB
dem-8588	186	12	the	the	DET
dem-8588	186	13	seasonality	seasonality	NOUN
dem-8588	186	14	in	in	ADP
dem-8588	186	15	the	the	DET
dem-8588	186	16	s&p	s&p	PROPN
dem-8588	186	17	500	500	NUM
dem-8588	186	18	index	index	NOUN
dem-8588	186	19	,	,	PUNCT
dem-8588	186	20	while	while	SCONJ
dem-8588	186	21	the	the	DET
dem-8588	186	22	latter	latter	ADJ
dem-8588	186	23	use	use	VERB
dem-8588	186	24	the	the	DET
dem-8588	186	25	same	same	ADJ
dem-8588	186	26	model	model	NOUN
dem-8588	186	27	to	to	PART
dem-8588	186	28	explore	explore	VERB
dem-8588	186	29	daily	daily	ADJ
dem-8588	186	30	returns	return	NOUN
dem-8588	186	31	on	on	ADP
dem-8588	186	32	the	the	DET
dem-8588	186	33	central	central	ADJ
dem-8588	186	34	european	european	ADJ
dem-8588	186	35	stock	stock	NOUN
dem-8588	186	36	markets	market	NOUN
dem-8588	186	37	.	.	PUNCT
dem-8588	187	1	sabina	sabina	PROPN
dem-8588	187	2	nowak	nowak	PROPN
dem-8588	187	3	,	,	PUNCT
dem-8588	187	4	joanna	joanna	PROPN
dem-8588	187	5	olbryś	olbryś	PROPN
dem-8588	187	6	dynamic	dynamic	ADJ
dem-8588	187	7	econometric	econometric	ADJ
dem-8588	187	8	models	model	NOUN
dem-8588	187	9	15	15	NUM
dem-8588	187	10	(	(	PUNCT
dem-8588	187	11	2015	2015	NUM
dem-8588	187	12	)	)	PUNCT
dem-8588	187	13	49–69	49–69	NUM
dem-8588	187	14	60	60	NUM
dem-8588	187	15	references	reference	NOUN
dem-8588	187	16	adkins	adkin	NOUN
dem-8588	187	17	,	,	PUNCT
dem-8588	187	18	l.	l.	PROPN
dem-8588	187	19	c.	c.	PROPN
dem-8588	187	20	(	(	PUNCT
dem-8588	187	21	2014	2014	NUM
dem-8588	187	22	)	)	PUNCT
dem-8588	187	23	,	,	PUNCT
dem-8588	187	24	using	use	VERB
dem-8588	187	25	gretl	gretl	NOUN
dem-8588	187	26	for	for	ADP
dem-8588	187	27	principles	principle	NOUN
dem-8588	187	28	of	of	ADP
dem-8588	187	29	econometrics	econometric	NOUN
dem-8588	187	30	,	,	PUNCT
dem-8588	187	31	4th	4th	ADJ
dem-8588	187	32	edition	edition	NOUN
dem-8588	187	33	,	,	PUNCT
dem-8588	187	34	version	version	NOUN
dem-8588	187	35	1.041	1.041	NUM
dem-8588	187	36	.	.	PUNCT
dem-8588	188	1	alrabadi	alrabadi	NOUN
dem-8588	188	2	,	,	PUNCT
dem-8588	188	3	d.	d.	PROPN
dem-8588	188	4	w.	w.	PROPN
dem-8588	188	5	h.	h.	PROPN
dem-8588	188	6	(	(	PUNCT
dem-8588	188	7	2012	2012	NUM
dem-8588	188	8	)	)	PUNCT
dem-8588	188	9	,	,	PUNCT
dem-8588	188	10	an	an	DET
dem-8588	188	11	analysis	analysis	NOUN
dem-8588	188	12	of	of	ADP
dem-8588	188	13	aggregate	aggregate	ADJ
dem-8588	188	14	market	market	NOUN
dem-8588	188	15	liquidity	liquidity	NOUN
dem-8588	188	16	:	:	PUNCT
dem-8588	188	17	the	the	DET
dem-8588	188	18	case	case	NOUN
dem-8588	188	19	of	of	ADP
dem-8588	188	20	amman	amman	PROPN
dem-8588	188	21	stock	stock	PROPN
dem-8588	188	22	exchange	exchange	PROPN
dem-8588	188	23	,	,	PUNCT
dem-8588	188	24	international	international	ADJ
dem-8588	188	25	business	business	NOUN
dem-8588	188	26	research	research	NOUN
dem-8588	188	27	,	,	PUNCT
dem-8588	188	28	5(5	5(5	NUM
dem-8588	188	29	)	)	PUNCT
dem-8588	188	30	,	,	PUNCT
dem-8588	188	31	184–194	184–194	NUM
dem-8588	188	32	,	,	PUNCT
dem-8588	188	33	doi	doi	NOUN
dem-8588	188	34	:	:	PUNCT
dem-8588	188	35	http://dx.doi.org/10.5539/ibr.v5n5p184	http://dx.doi.org/10.5539/ibr.v5n5p184	PROPN
dem-8588	188	36	.	.	PUNCT
dem-8588	189	1	apolinario	apolinario	PROPN
dem-8588	189	2	,	,	PUNCT
dem-8588	189	3	r.	r.	PROPN
dem-8588	189	4	m.	m.	PROPN
dem-8588	189	5	c	c	PROPN
dem-8588	189	6	,	,	PUNCT
dem-8588	189	7	santana	santana	PROPN
dem-8588	189	8	,	,	PUNCT
dem-8588	189	9	o.	o.	PROPN
dem-8588	189	10	m.	m.	NOUN
dem-8588	189	11	,	,	PUNCT
dem-8588	189	12	sales	sale	NOUN
dem-8588	189	13	,	,	PUNCT
dem-8588	189	14	l.	l.	PROPN
dem-8588	189	15	j.	j.	PROPN
dem-8588	189	16	(	(	PUNCT
dem-8588	189	17	2006	2006	NUM
dem-8588	189	18	)	)	PUNCT
dem-8588	189	19	,	,	PUNCT
dem-8588	189	20	day	day	NOUN
dem-8588	189	21	of	of	ADP
dem-8588	189	22	the	the	DET
dem-8588	189	23	week	week	NOUN
dem-8588	189	24	effect	effect	NOUN
dem-8588	189	25	on	on	ADP
dem-8588	189	26	european	european	ADJ
dem-8588	189	27	stock	stock	NOUN
dem-8588	189	28	markets	market	NOUN
dem-8588	189	29	,	,	PUNCT
dem-8588	189	30	international	international	ADJ
dem-8588	189	31	research	research	NOUN
dem-8588	189	32	journal	journal	NOUN
dem-8588	189	33	of	of	ADP
dem-8588	189	34	finance	finance	NOUN
dem-8588	189	35	and	and	CCONJ
dem-8588	189	36	economics	economic	NOUN
dem-8588	189	37	,	,	PUNCT
dem-8588	189	38	2	2	NUM
dem-8588	189	39	,	,	PUNCT
dem-8588	189	40	53–70	53–70	NUM
dem-8588	189	41	.	.	PUNCT
dem-8588	190	1	berument	berument	PROPN
dem-8588	190	2	,	,	PUNCT
dem-8588	190	3	h.	h.	PROPN
dem-8588	190	4	,	,	PUNCT
dem-8588	190	5	kiymaz	kiymaz	NOUN
dem-8588	190	6	,	,	PUNCT
dem-8588	190	7	h.	h.	PROPN
dem-8588	190	8	(	(	PUNCT
dem-8588	190	9	2001	2001	NUM
dem-8588	190	10	)	)	PUNCT
dem-8588	190	11	,	,	PUNCT
dem-8588	190	12	the	the	DET
dem-8588	190	13	day	day	NOUN
dem-8588	190	14	of	of	ADP
dem-8588	190	15	the	the	DET
dem-8588	190	16	week	week	NOUN
dem-8588	190	17	effect	effect	NOUN
dem-8588	190	18	on	on	ADP
dem-8588	190	19	stock	stock	NOUN
dem-8588	190	20	market	market	NOUN
dem-8588	190	21	volatility	volatility	NOUN
dem-8588	190	22	,	,	PUNCT
dem-8588	190	23	journal	journal	NOUN
dem-8588	190	24	of	of	ADP
dem-8588	190	25	economics	economic	NOUN
dem-8588	190	26	and	and	CCONJ
dem-8588	190	27	finance	finance	NOUN
dem-8588	190	28	,	,	PUNCT
dem-8588	190	29	25(2	25(2	NUM
dem-8588	190	30	)	)	PUNCT
dem-8588	190	31	,	,	PUNCT
dem-8588	190	32	181–193	181–193	NUM
dem-8588	190	33	,	,	PUNCT
dem-8588	190	34	doi	doi	NOUN
dem-8588	190	35	:	:	PUNCT
dem-8588	190	36	http://10.1016	http://10.1016	X
dem-8588	190	37	/	/	SYM
dem-8588	190	38	s1058	s1058	ADJ
dem-8588	190	39	-	-	NOUN
dem-8588	190	40	3300(03)00038	3300(03)00038	NUM
dem-8588	190	41	-	-	SYM
dem-8588	190	42	7	7	NUM
dem-8588	190	43	.	.	NOUN
dem-8588	190	44	bollerslev	bollerslev	NOUN
dem-8588	190	45	,	,	PUNCT
dem-8588	190	46	t.	t.	PROPN
dem-8588	190	47	(	(	PUNCT
dem-8588	190	48	1986	1986	NUM
dem-8588	190	49	)	)	PUNCT
dem-8588	190	50	,	,	PUNCT
dem-8588	190	51	generalized	generalize	VERB
dem-8588	190	52	autoregressive	autoregressive	ADJ
dem-8588	190	53	conditional	conditional	ADJ
dem-8588	190	54	heteroskedasticity	heteroskedasticity	NOUN
dem-8588	190	55	,	,	PUNCT
dem-8588	190	56	journal	journal	NOUN
dem-8588	190	57	of	of	ADP
dem-8588	190	58	econometrics	econometric	NOUN
dem-8588	190	59	,	,	PUNCT
dem-8588	190	60	31	31	NUM
dem-8588	190	61	,	,	PUNCT
dem-8588	190	62	307–327	307–327	NUM
dem-8588	190	63	,	,	PUNCT
dem-8588	190	64	doi	doi	NOUN
dem-8588	190	65	:	:	PUNCT
dem-8588	190	66	http://10.1016/0304	http://10.1016/0304	PROPN
dem-8588	190	67	-	-	PUNCT
dem-8588	190	68	4076(86)90063	4076(86)90063	NUM
dem-8588	190	69	-	-	PUNCT
dem-8588	190	70	1	1	NUM
dem-8588	190	71	.	.	NOUN
dem-8588	190	72	bollerslev	bollerslev	ADJ
dem-8588	190	73	,	,	PUNCT
dem-8588	190	74	t.	t.	PROPN
dem-8588	190	75	,	,	PUNCT
dem-8588	190	76	wooldridge	wooldridge	PROPN
dem-8588	190	77	,	,	PUNCT
dem-8588	190	78	j.	j.	PROPN
dem-8588	190	79	m.	m.	PROPN
dem-8588	190	80	(	(	PUNCT
dem-8588	190	81	1992	1992	NUM
dem-8588	190	82	)	)	PUNCT
dem-8588	190	83	,	,	PUNCT
dem-8588	190	84	quasi	quasi	ADJ
dem-8588	190	85	-	-	ADJ
dem-8588	190	86	maximum	maximum	ADJ
dem-8588	190	87	likelihood	likelihood	NOUN
dem-8588	190	88	estimation	estimation	NOUN
dem-8588	190	89	and	and	CCONJ
dem-8588	190	90	inference	inference	NOUN
dem-8588	190	91	in	in	ADP
dem-8588	190	92	dynamic	dynamic	ADJ
dem-8588	190	93	models	model	NOUN
dem-8588	190	94	with	with	ADP
dem-8588	190	95	time	time	NOUN
dem-8588	190	96	-	-	PUNCT
dem-8588	190	97	varying	vary	VERB
dem-8588	190	98	covariances	covariance	NOUN
dem-8588	190	99	,	,	PUNCT
dem-8588	190	100	econometric	econometric	ADJ
dem-8588	190	101	reviews	review	NOUN
dem-8588	190	102	,	,	PUNCT
dem-8588	190	103	11	11	NUM
dem-8588	190	104	,	,	PUNCT
dem-8588	190	105	143–179	143–179	NUM
dem-8588	190	106	,	,	PUNCT
dem-8588	190	107	doi	doi	NOUN
dem-8588	190	108	:	:	PUNCT
dem-8588	191	1	http://10.1080/07474939208800229	http://10.1080/07474939208800229	NOUN
dem-8588	191	2	.	.	PUNCT
dem-8588	191	3	chordia	chordia	PROPN
dem-8588	191	4	,	,	PUNCT
dem-8588	191	5	t.	t.	PROPN
dem-8588	191	6	,	,	PUNCT
dem-8588	191	7	roll	roll	PROPN
dem-8588	191	8	,	,	PUNCT
dem-8588	191	9	r.	r.	PROPN
dem-8588	191	10	,	,	PUNCT
dem-8588	191	11	subrahmanyam	subrahmanyam	NOUN
dem-8588	191	12	,	,	PUNCT
dem-8588	191	13	a.	a.	NOUN
dem-8588	191	14	(	(	PUNCT
dem-8588	191	15	2001	2001	NUM
dem-8588	191	16	)	)	PUNCT
dem-8588	191	17	,	,	PUNCT
dem-8588	191	18	market	market	NOUN
dem-8588	191	19	liquidity	liquidity	NOUN
dem-8588	191	20	and	and	CCONJ
dem-8588	191	21	trading	trading	NOUN
dem-8588	191	22	activity	activity	NOUN
dem-8588	191	23	,	,	PUNCT
dem-8588	191	24	journal	journal	NOUN
dem-8588	191	25	of	of	ADP
dem-8588	191	26	finance	finance	NOUN
dem-8588	191	27	,	,	PUNCT
dem-8588	191	28	56(2	56(2	ADJ
dem-8588	191	29	)	)	PUNCT
dem-8588	191	30	,	,	PUNCT
dem-8588	191	31	501–530	501–530	NUM
dem-8588	191	32	,	,	PUNCT
dem-8588	191	33	doi	doi	NOUN
dem-8588	191	34	:	:	PUNCT
dem-8588	191	35	http://10.1111/0022	http://10.1111/0022	PROPN
dem-8588	191	36	-	-	PUNCT
dem-8588	191	37	1082.00335	1082.00335	NOUN
dem-8588	191	38	.	.	PUNCT
dem-8588	192	1	chordia	chordia	NOUN
dem-8588	192	2	,	,	PUNCT
dem-8588	192	3	t.	t.	PROPN
dem-8588	192	4	,	,	PUNCT
dem-8588	192	5	sarkar	sarkar	PROPN
dem-8588	192	6	,	,	PUNCT
dem-8588	192	7	a.	a.	PROPN
dem-8588	192	8	,	,	PUNCT
dem-8588	192	9	subrahmanyam	subrahmanyam	NOUN
dem-8588	192	10	,	,	PUNCT
dem-8588	192	11	a.	a.	NOUN
dem-8588	192	12	(	(	PUNCT
dem-8588	192	13	2005	2005	NUM
dem-8588	192	14	)	)	PUNCT
dem-8588	192	15	,	,	PUNCT
dem-8588	192	16	an	an	DET
dem-8588	192	17	empirical	empirical	ADJ
dem-8588	192	18	analysis	analysis	NOUN
dem-8588	192	19	of	of	ADP
dem-8588	192	20	stock	stock	NOUN
dem-8588	192	21	and	and	CCONJ
dem-8588	192	22	bond	bond	NOUN
dem-8588	192	23	market	market	NOUN
dem-8588	192	24	liquidity	liquidity	NOUN
dem-8588	192	25	,	,	PUNCT
dem-8588	192	26	review	review	NOUN
dem-8588	192	27	of	of	ADP
dem-8588	192	28	financial	financial	ADJ
dem-8588	192	29	studies	study	NOUN
dem-8588	192	30	,	,	PUNCT
dem-8588	192	31	18(1	18(1	NUM
dem-8588	192	32	)	)	PUNCT
dem-8588	192	33	,	,	PUNCT
dem-8588	192	34	85–129	85–129	NUM
dem-8588	192	35	,	,	PUNCT
dem-8588	192	36	doi	doi	NOUN
dem-8588	192	37	:	:	PUNCT
dem-8588	192	38	http://10.1093	http://10.1093	NUM
dem-8588	192	39	/	/	SYM
dem-8588	192	40	rfs	rfs	PROPN
dem-8588	192	41	/	/	SYM
dem-8588	192	42	hhi010	hhi010	PROPN
dem-8588	192	43	.	.	PUNCT
dem-8588	193	1	choudhry	choudhry	PROPN
dem-8588	193	2	,	,	PUNCT
dem-8588	193	3	t.	t.	PROPN
dem-8588	193	4	(	(	PUNCT
dem-8588	193	5	2000	2000	NUM
dem-8588	193	6	)	)	PUNCT
dem-8588	193	7	,	,	PUNCT
dem-8588	193	8	day	day	NOUN
dem-8588	193	9	of	of	ADP
dem-8588	193	10	the	the	DET
dem-8588	193	11	week	week	NOUN
dem-8588	193	12	effect	effect	NOUN
dem-8588	193	13	in	in	ADP
dem-8588	193	14	emerging	emerge	VERB
dem-8588	193	15	asian	asian	ADJ
dem-8588	193	16	stock	stock	NOUN
dem-8588	193	17	markets	market	NOUN
dem-8588	193	18	:	:	PUNCT
dem-8588	193	19	evidence	evidence	NOUN
dem-8588	193	20	from	from	ADP
dem-8588	193	21	the	the	DET
dem-8588	193	22	garch	garch	NOUN
dem-8588	193	23	model	model	NOUN
dem-8588	193	24	,	,	PUNCT
dem-8588	193	25	applied	apply	VERB
dem-8588	193	26	financial	financial	ADJ
dem-8588	193	27	economics	economic	NOUN
dem-8588	193	28	,	,	PUNCT
dem-8588	193	29	10	10	NUM
dem-8588	193	30	,	,	PUNCT
dem-8588	193	31	235–242	235–242	NUM
dem-8588	193	32	,	,	PUNCT
dem-8588	193	33	doi	doi	NOUN
dem-8588	193	34	:	:	PUNCT
dem-8588	193	35	http://10.1080/096031000331653	http://10.1080/096031000331653	PROPN
dem-8588	193	36	.	.	PROPN
dem-8588	193	37	elliott	elliott	PROPN
dem-8588	193	38	,	,	PUNCT
dem-8588	193	39	g.	g.	PROPN
dem-8588	193	40	,	,	PUNCT
dem-8588	193	41	rothenberg	rothenberg	PROPN
dem-8588	193	42	,	,	PUNCT
dem-8588	193	43	t.	t.	PROPN
dem-8588	193	44	j.	j.	PROPN
dem-8588	193	45	,	,	PUNCT
dem-8588	193	46	stock	stock	NOUN
dem-8588	193	47	,	,	PUNCT
dem-8588	193	48	j.	j.	PROPN
dem-8588	193	49	h.	h.	PROPN
dem-8588	193	50	(	(	PUNCT
dem-8588	193	51	1996	1996	NUM
dem-8588	193	52	)	)	PUNCT
dem-8588	193	53	,	,	PUNCT
dem-8588	193	54	efficient	efficient	ADJ
dem-8588	193	55	tests	test	NOUN
dem-8588	193	56	for	for	ADP
dem-8588	193	57	an	an	DET
dem-8588	193	58	autoregressive	autoregressive	ADJ
dem-8588	193	59	unit	unit	NOUN
dem-8588	193	60	root	root	NOUN
dem-8588	193	61	,	,	PUNCT
dem-8588	193	62	econometrica	econometrica	PROPN
dem-8588	193	63	,	,	PUNCT
dem-8588	193	64	64(4	64(4	NUM
dem-8588	193	65	)	)	PUNCT
dem-8588	193	66	,	,	PUNCT
dem-8588	193	67	813–836	813–836	NUM
dem-8588	193	68	,	,	PUNCT
dem-8588	193	69	doi	doi	NOUN
dem-8588	193	70	:	:	PUNCT
dem-8588	193	71	http://dx.doi.org/10.2307/2171846	http://dx.doi.org/10.2307/2171846	PROPN
dem-8588	193	72	.	.	PUNCT
dem-8588	194	1	engle	engle	PROPN
dem-8588	194	2	,	,	PUNCT
dem-8588	194	3	r.	r.	PROPN
dem-8588	194	4	f.	f.	PROPN
dem-8588	194	5	(	(	PUNCT
dem-8588	194	6	1982	1982	NUM
dem-8588	194	7	)	)	PUNCT
dem-8588	194	8	,	,	PUNCT
dem-8588	194	9	autoregressive	autoregressive	ADJ
dem-8588	194	10	conditional	conditional	ADJ
dem-8588	194	11	heteroscedasticity	heteroscedasticity	NOUN
dem-8588	194	12	with	with	ADP
dem-8588	194	13	estimates	estimate	NOUN
dem-8588	194	14	of	of	ADP
dem-8588	194	15	the	the	DET
dem-8588	194	16	variance	variance	NOUN
dem-8588	194	17	of	of	ADP
dem-8588	194	18	united	united	PROPN
dem-8588	194	19	kingdom	kingdom	PROPN
dem-8588	194	20	inflations	inflation	NOUN
dem-8588	194	21	,	,	PUNCT
dem-8588	194	22	econometrica	econometrica	PROPN
dem-8588	194	23	,	,	PUNCT
dem-8588	194	24	50	50	NUM
dem-8588	194	25	,	,	PUNCT
dem-8588	194	26	987–1007	987–1007	NUM
dem-8588	194	27	,	,	PUNCT
dem-8588	194	28	doi	doi	NOUN
dem-8588	194	29	:	:	PUNCT
dem-8588	194	30	http://dx.doi.org/10.2307/1912773	http://dx.doi.org/10.2307/1912773	NOUN
dem-8588	194	31	.	.	PUNCT
dem-8588	195	1	fama	fama	PROPN
dem-8588	195	2	,	,	PUNCT
dem-8588	195	3	e.	e.	PROPN
dem-8588	195	4	f.	f.	PROPN
dem-8588	195	5	(	(	PUNCT
dem-8588	195	6	1965	1965	NUM
dem-8588	195	7	)	)	PUNCT
dem-8588	195	8	,	,	PUNCT
dem-8588	195	9	the	the	DET
dem-8588	195	10	behaviour	behaviour	NOUN
dem-8588	195	11	of	of	ADP
dem-8588	195	12	stock	stock	NOUN
dem-8588	195	13	market	market	NOUN
dem-8588	195	14	prices	price	NOUN
dem-8588	195	15	,	,	PUNCT
dem-8588	195	16	journal	journal	NOUN
dem-8588	195	17	of	of	ADP
dem-8588	195	18	business	business	NOUN
dem-8588	195	19	,	,	PUNCT
dem-8588	195	20	38	38	NUM
dem-8588	195	21	,	,	PUNCT
dem-8588	195	22	34–105	34–105	NUM
dem-8588	195	23	.	.	PUNCT
dem-8588	196	1	fama	fama	PROPN
dem-8588	196	2	,	,	PUNCT
dem-8588	196	3	e.	e.	PROPN
dem-8588	196	4	f.	f.	PROPN
dem-8588	196	5	,	,	PUNCT
dem-8588	196	6	french	french	PROPN
dem-8588	196	7	,	,	PUNCT
dem-8588	196	8	k.r	k.r	PROPN
dem-8588	196	9	.	.	PROPN
dem-8588	196	10	(	(	PUNCT
dem-8588	196	11	1993	1993	NUM
dem-8588	196	12	)	)	PUNCT
dem-8588	196	13	,	,	PUNCT
dem-8588	196	14	common	common	ADJ
dem-8588	196	15	risk	risk	NOUN
dem-8588	196	16	factors	factor	NOUN
dem-8588	196	17	in	in	ADP
dem-8588	196	18	the	the	DET
dem-8588	196	19	returns	return	NOUN
dem-8588	196	20	on	on	ADP
dem-8588	196	21	stocks	stock	NOUN
dem-8588	196	22	and	and	CCONJ
dem-8588	196	23	bonds	bond	NOUN
dem-8588	196	24	,	,	PUNCT
dem-8588	196	25	journal	journal	NOUN
dem-8588	196	26	of	of	ADP
dem-8588	196	27	financial	financial	ADJ
dem-8588	196	28	economics	economic	NOUN
dem-8588	196	29	,	,	PUNCT
dem-8588	196	30	33(1	33(1	NUM
dem-8588	196	31	)	)	PUNCT
dem-8588	196	32	,	,	PUNCT
dem-8588	196	33	3–56	3–56	NOUN
dem-8588	196	34	.	.	PUNCT
dem-8588	197	1	fiszeder	fiszed	ADJ
dem-8588	197	2	,	,	PUNCT
dem-8588	197	3	p.	p.	NOUN
dem-8588	197	4	(	(	PUNCT
dem-8588	197	5	2009	2009	NUM
dem-8588	197	6	)	)	PUNCT
dem-8588	197	7	,	,	PUNCT
dem-8588	197	8	modele	modele	PROPN
dem-8588	197	9	klasy	klasy	PROPN
dem-8588	197	10	garch	garch	PROPN
dem-8588	197	11	w	w	PROPN
dem-8588	197	12	empirycznych	empirycznych	PROPN
dem-8588	197	13	badaniach	badaniach	PROPN
dem-8588	197	14	finansowych	finansowych	PROPN
dem-8588	197	15	(	(	PUNCT
dem-8588	197	16	the	the	DET
dem-8588	197	17	class	class	NOUN
dem-8588	197	18	of	of	ADP
dem-8588	197	19	garch	garch	NOUN
dem-8588	197	20	models	model	NOUN
dem-8588	197	21	in	in	ADP
dem-8588	197	22	empirical	empirical	ADJ
dem-8588	197	23	finance	finance	NOUN
dem-8588	197	24	research	research	NOUN
dem-8588	197	25	)	)	PUNCT
dem-8588	197	26	,	,	PUNCT
dem-8588	197	27	nicolaus	nicolaus	PROPN
dem-8588	197	28	copernicus	copernicus	PROPN
dem-8588	197	29	university	university	PROPN
dem-8588	197	30	press	press	NOUN
dem-8588	197	31	,	,	PUNCT
dem-8588	197	32	torun	torun	PROPN
dem-8588	197	33	.	.	PUNCT
dem-8588	198	1	foerster	foerster	PROPN
dem-8588	198	2	,	,	PUNCT
dem-8588	198	3	s.	s.	PROPN
dem-8588	198	4	,	,	PUNCT
dem-8588	198	5	keim	keim	PROPN
dem-8588	198	6	,	,	PUNCT
dem-8588	198	7	d.	d.	PROPN
dem-8588	198	8	(	(	PUNCT
dem-8588	198	9	1993	1993	NUM
dem-8588	198	10	)	)	PUNCT
dem-8588	198	11	,	,	PUNCT
dem-8588	198	12	direct	direct	ADJ
dem-8588	198	13	evidence	evidence	NOUN
dem-8588	198	14	of	of	ADP
dem-8588	198	15	non	non	ADJ
dem-8588	198	16	–	–	NOUN
dem-8588	198	17	trading	trading	NOUN
dem-8588	198	18	of	of	ADP
dem-8588	198	19	nyse	nyse	PROPN
dem-8588	198	20	and	and	CCONJ
dem-8588	198	21	amex	amex	PROPN
dem-8588	198	22	stocks	stock	NOUN
dem-8588	198	23	,	,	PUNCT
dem-8588	198	24	working	working	NOUN
dem-8588	198	25	paper	paper	NOUN
dem-8588	198	26	,	,	PUNCT
dem-8588	198	27	university	university	PROPN
dem-8588	198	28	of	of	ADP
dem-8588	198	29	pennsylvania	pennsylvania	PROPN
dem-8588	198	30	.	.	PUNCT
dem-8588	199	1	foster	foster	PROPN
dem-8588	199	2	,	,	PUNCT
dem-8588	199	3	f.	f.	PROPN
dem-8588	199	4	d.	d.	PROPN
dem-8588	199	5	,	,	PUNCT
dem-8588	199	6	viswanathan	viswanathan	PROPN
dem-8588	199	7	,	,	PUNCT
dem-8588	199	8	s.	s.	PROPN
dem-8588	199	9	(	(	PUNCT
dem-8588	199	10	1990	1990	NUM
dem-8588	199	11	)	)	PUNCT
dem-8588	199	12	,	,	PUNCT
dem-8588	199	13	a	a	DET
dem-8588	199	14	theory	theory	NOUN
dem-8588	199	15	of	of	ADP
dem-8588	199	16	the	the	DET
dem-8588	199	17	interday	interday	PROPN
dem-8588	199	18	variations	variation	NOUN
dem-8588	199	19	in	in	ADP
dem-8588	199	20	volume	volume	NOUN
dem-8588	199	21	,	,	PUNCT
dem-8588	199	22	variances	variance	NOUN
dem-8588	199	23	,	,	PUNCT
dem-8588	199	24	and	and	CCONJ
dem-8588	199	25	trading	trading	NOUN
dem-8588	199	26	cost	cost	NOUN
dem-8588	199	27	in	in	ADP
dem-8588	199	28	securities	security	NOUN
dem-8588	199	29	market	market	NOUN
dem-8588	199	30	,	,	PUNCT
dem-8588	199	31	review	review	NOUN
dem-8588	199	32	of	of	ADP
dem-8588	199	33	financial	financial	ADJ
dem-8588	199	34	studies	study	NOUN
dem-8588	199	35	,	,	PUNCT
dem-8588	199	36	3(4	3(4	NUM
dem-8588	199	37	)	)	PUNCT
dem-8588	199	38	,	,	PUNCT
dem-8588	199	39	593–624	593–624	NUM
dem-8588	199	40	,	,	PUNCT
dem-8588	199	41	doi	doi	NOUN
dem-8588	199	42	:	:	PUNCT
dem-8588	199	43	http://dx.doi.org/10.1093/rfs/3.4.593	http://dx.doi.org/10.1093/rfs/3.4.593	NOUN
dem-8588	199	44	.	.	NOUN
dem-8588	200	1	foster	foster	PROPN
dem-8588	200	2	,	,	PUNCT
dem-8588	200	3	f.	f.	PROPN
dem-8588	200	4	d.	d.	PROPN
dem-8588	200	5	,	,	PUNCT
dem-8588	200	6	viswanathan	viswanathan	PROPN
dem-8588	200	7	,	,	PUNCT
dem-8588	200	8	s.	s.	PROPN
dem-8588	200	9	(	(	PUNCT
dem-8588	200	10	1993	1993	NUM
dem-8588	200	11	)	)	PUNCT
dem-8588	200	12	,	,	PUNCT
dem-8588	201	1	variations	variation	NOUN
dem-8588	201	2	in	in	ADP
dem-8588	201	3	trading	trading	NOUN
dem-8588	201	4	volume	volume	NOUN
dem-8588	201	5	,	,	PUNCT
dem-8588	201	6	return	return	VERB
dem-8588	201	7	volatility	volatility	NOUN
dem-8588	201	8	,	,	PUNCT
dem-8588	201	9	and	and	CCONJ
dem-8588	201	10	trading	trading	NOUN
dem-8588	201	11	costs	cost	NOUN
dem-8588	201	12	:	:	PUNCT
dem-8588	201	13	evidence	evidence	NOUN
dem-8588	201	14	on	on	ADP
dem-8588	201	15	recent	recent	ADJ
dem-8588	201	16	price	price	NOUN
dem-8588	201	17	formation	formation	NOUN
dem-8588	201	18	models	model	NOUN
dem-8588	201	19	,	,	PUNCT
dem-8588	201	20	journal	journal	NOUN
dem-8588	201	21	of	of	ADP
dem-8588	201	22	finance	finance	NOUN
dem-8588	201	23	,	,	PUNCT
dem-8588	201	24	48(1	48(1	NOUN
dem-8588	201	25	)	)	PUNCT
dem-8588	201	26	,	,	PUNCT
dem-8588	201	27	187–211	187–211	NUM
dem-8588	201	28	,	,	PUNCT
dem-8588	201	29	doi	doi	NOUN
dem-8588	201	30	:	:	PUNCT
dem-8588	201	31	http://dx.doi.org/10.2307/2328886	http://dx.doi.org/10.2307/2328886	PROPN
dem-8588	201	32	.	.	PUNCT
dem-8588	202	1	franses	franse	VERB
dem-8588	202	2	,	,	PUNCT
dem-8588	202	3	p.	p.	PROPN
dem-8588	202	4	h.	h.	PROPN
dem-8588	202	5	,	,	PUNCT
dem-8588	202	6	paap	paap	INTJ
dem-8588	202	7	,	,	PUNCT
dem-8588	202	8	r.	r.	PROPN
dem-8588	202	9	(	(	PUNCT
dem-8588	202	10	2000	2000	NUM
dem-8588	202	11	)	)	PUNCT
dem-8588	202	12	,	,	PUNCT
dem-8588	202	13	modelling	model	VERB
dem-8588	202	14	day	day	NOUN
dem-8588	202	15	-	-	PUNCT
dem-8588	202	16	of	of	ADP
dem-8588	202	17	-	-	PUNCT
dem-8588	202	18	the	the	DET
dem-8588	202	19	-	-	PUNCT
dem-8588	202	20	week	week	NOUN
dem-8588	202	21	seasonality	seasonality	NOUN
dem-8588	202	22	in	in	ADP
dem-8588	202	23	the	the	DET
dem-8588	202	24	s&p	s&p	PROPN
dem-8588	202	25	500	500	NUM
dem-8588	202	26	index	index	NOUN
dem-8588	202	27	,	,	PUNCT
dem-8588	202	28	applied	apply	VERB
dem-8588	202	29	financial	financial	ADJ
dem-8588	202	30	economics	economic	NOUN
dem-8588	202	31	,	,	PUNCT
dem-8588	202	32	10	10	NUM
dem-8588	202	33	,	,	PUNCT
dem-8588	202	34	483–488	483–488	NUM
dem-8588	202	35	,	,	PUNCT
dem-8588	202	36	doi	doi	NOUN
dem-8588	202	37	:	:	PUNCT
dem-8588	202	38	http://dx.doi.org/10.1080/096031000416352	http://dx.doi.org/10.1080/096031000416352	NOUN
dem-8588	202	39	.	.	PUNCT
dem-8588	203	1	french	french	PROPN
dem-8588	203	2	,	,	PUNCT
dem-8588	203	3	k.	k.	PROPN
dem-8588	203	4	r.	r.	PROPN
dem-8588	203	5	(	(	PUNCT
dem-8588	203	6	1980	1980	NUM
dem-8588	203	7	)	)	PUNCT
dem-8588	203	8	,	,	PUNCT
dem-8588	203	9	stock	stock	NOUN
dem-8588	203	10	returns	return	NOUN
dem-8588	203	11	and	and	CCONJ
dem-8588	203	12	the	the	DET
dem-8588	203	13	weekend	weekend	NOUN
dem-8588	203	14	effect	effect	NOUN
dem-8588	203	15	,	,	PUNCT
dem-8588	203	16	journal	journal	NOUN
dem-8588	203	17	of	of	ADP
dem-8588	203	18	financial	financial	ADJ
dem-8588	203	19	economics	economic	NOUN
dem-8588	203	20	,	,	PUNCT
dem-8588	203	21	8	8	NUM
dem-8588	203	22	,	,	PUNCT
dem-8588	203	23	55–69	55–69	NUM
dem-8588	203	24	,	,	PUNCT
dem-8588	203	25	doi	doi	NOUN
dem-8588	203	26	:	:	PUNCT
dem-8588	204	1	http://dx.doi.org/10.1016/0304-405x(80)90021-5	http://dx.doi.org/10.1016/0304-405x(80)90021-5	PROPN
dem-8588	204	2	.	.	PUNCT
dem-8588	205	1	day	day	NOUN
dem-8588	205	2	-	-	PUNCT
dem-8588	205	3	of	of	ADP
dem-8588	205	4	-	-	PUNCT
dem-8588	205	5	the	the	DET
dem-8588	205	6	-	-	PUNCT
dem-8588	205	7	week	week	NOUN
dem-8588	205	8	effects	effect	NOUN
dem-8588	205	9	in	in	ADP
dem-8588	205	10	liquidity	liquidity	NOUN
dem-8588	205	11	on	on	ADP
dem-8588	205	12	the	the	DET
dem-8588	205	13	warsaw	warsaw	PROPN
dem-8588	205	14	stock	stock	PROPN
dem-8588	205	15	exchange	exchange	PROPN
dem-8588	205	16	dynamic	dynamic	ADJ
dem-8588	205	17	econometric	econometric	ADJ
dem-8588	205	18	models	model	NOUN
dem-8588	205	19	15	15	NUM
dem-8588	205	20	(	(	PUNCT
dem-8588	205	21	2015	2015	NUM
dem-8588	205	22	)	)	PUNCT
dem-8588	205	23	49–69	49–69	NUM
dem-8588	205	24	61	61	NUM
dem-8588	205	25	french	french	NOUN
dem-8588	205	26	,	,	PUNCT
dem-8588	205	27	k.	k.	PROPN
dem-8588	205	28	r.	r.	PROPN
dem-8588	205	29	,	,	PUNCT
dem-8588	205	30	roll	roll	PROPN
dem-8588	205	31	,	,	PUNCT
dem-8588	205	32	r.	r.	PROPN
dem-8588	205	33	(	(	PUNCT
dem-8588	205	34	1986	1986	NUM
dem-8588	205	35	)	)	PUNCT
dem-8588	205	36	,	,	PUNCT
dem-8588	205	37	stock	stock	NOUN
dem-8588	205	38	returns	return	NOUN
dem-8588	205	39	variances	variance	NOUN
dem-8588	205	40	:	:	PUNCT
dem-8588	205	41	the	the	DET
dem-8588	205	42	arrival	arrival	NOUN
dem-8588	205	43	of	of	ADP
dem-8588	205	44	information	information	NOUN
dem-8588	205	45	of	of	ADP
dem-8588	205	46	the	the	DET
dem-8588	205	47	reaction	reaction	NOUN
dem-8588	205	48	of	of	ADP
dem-8588	205	49	traders	trader	NOUN
dem-8588	205	50	,	,	PUNCT
dem-8588	205	51	journal	journal	NOUN
dem-8588	205	52	of	of	ADP
dem-8588	205	53	financial	financial	ADJ
dem-8588	205	54	economics	economic	NOUN
dem-8588	205	55	,	,	PUNCT
dem-8588	205	56	17	17	NUM
dem-8588	205	57	,	,	PUNCT
dem-8588	205	58	5–26	5–26	ADJ
dem-8588	205	59	.	.	PUNCT
dem-8588	206	1	gibbons	gibbon	NOUN
dem-8588	206	2	,	,	PUNCT
dem-8588	206	3	m.	m.	NOUN
dem-8588	206	4	,	,	PUNCT
dem-8588	206	5	hess	hess	NOUN
dem-8588	206	6	,	,	PUNCT
dem-8588	206	7	p.	p.	NOUN
dem-8588	206	8	(	(	PUNCT
dem-8588	206	9	1981	1981	NUM
dem-8588	206	10	)	)	PUNCT
dem-8588	206	11	,	,	PUNCT
dem-8588	206	12	day	day	NOUN
dem-8588	206	13	of	of	ADP
dem-8588	206	14	the	the	DET
dem-8588	206	15	week	week	NOUN
dem-8588	206	16	effects	effect	NOUN
dem-8588	206	17	and	and	CCONJ
dem-8588	206	18	asset	asset	NOUN
dem-8588	206	19	returns	return	NOUN
dem-8588	206	20	,	,	PUNCT
dem-8588	206	21	journal	journal	NOUN
dem-8588	206	22	of	of	ADP
dem-8588	206	23	business	business	NOUN
dem-8588	206	24	,	,	PUNCT
dem-8588	206	25	54	54	NUM
dem-8588	206	26	,	,	PUNCT
dem-8588	206	27	579–596	579–596	NUM
dem-8588	206	28	,	,	PUNCT
dem-8588	206	29	doi	doi	NOUN
dem-8588	206	30	:	:	PUNCT
dem-8588	206	31	http://dx.doi.org/10.1086/296147	http://dx.doi.org/10.1086/296147	NOUN
dem-8588	206	32	.	.	PUNCT
dem-8588	207	1	hameed	hameed	PROPN
dem-8588	207	2	,	,	PUNCT
dem-8588	207	3	a.	a.	PROPN
dem-8588	207	4	,	,	PUNCT
dem-8588	207	5	kang	kang	PROPN
dem-8588	207	6	,	,	PUNCT
dem-8588	207	7	w.	w.	PROPN
dem-8588	207	8	,	,	PUNCT
dem-8588	207	9	viswanathan	viswanathan	PROPN
dem-8588	207	10	,	,	PUNCT
dem-8588	207	11	s.	s.	PROPN
dem-8588	207	12	(	(	PUNCT
dem-8588	207	13	2010	2010	NUM
dem-8588	207	14	)	)	PUNCT
dem-8588	207	15	,	,	PUNCT
dem-8588	207	16	stock	stock	NOUN
dem-8588	207	17	market	market	NOUN
dem-8588	207	18	declines	decline	NOUN
dem-8588	207	19	and	and	CCONJ
dem-8588	207	20	liquidity	liquidity	NOUN
dem-8588	207	21	,	,	PUNCT
dem-8588	207	22	journal	journal	NOUN
dem-8588	207	23	of	of	ADP
dem-8588	207	24	finance	finance	NOUN
dem-8588	207	25	,	,	PUNCT
dem-8588	207	26	65(1	65(1	NOUN
dem-8588	207	27	)	)	PUNCT
dem-8588	207	28	,	,	PUNCT
dem-8588	207	29	257–293	257–293	NUM
dem-8588	207	30	,	,	PUNCT
dem-8588	207	31	doi	doi	NOUN
dem-8588	207	32	:	:	PUNCT
dem-8588	207	33	http://dx.doi.org/10.1111/j.1540-6261.2009.01529.x	http://dx.doi.org/10.1111/j.1540-6261.2009.01529.x	PROPN
dem-8588	207	34	.	.	PUNCT
dem-8588	207	35	hamilton	hamilton	PROPN
dem-8588	207	36	,	,	PUNCT
dem-8588	207	37	j.	j.	PROPN
dem-8588	207	38	d.	d.	PROPN
dem-8588	207	39	(	(	PUNCT
dem-8588	207	40	2008	2008	NUM
dem-8588	207	41	)	)	PUNCT
dem-8588	207	42	,	,	PUNCT
dem-8588	207	43	macroeconomics	macroeconomic	NOUN
dem-8588	207	44	and	and	CCONJ
dem-8588	207	45	arch	arch	NOUN
dem-8588	207	46	,	,	PUNCT
dem-8588	207	47	working	work	VERB
dem-8588	207	48	paper	paper	NOUN
dem-8588	207	49	14151	14151	NUM
dem-8588	207	50	,	,	PUNCT
dem-8588	207	51	nber	nber	PROPN
dem-8588	207	52	working	working	PROPN
dem-8588	207	53	paper	paper	PROPN
dem-8588	207	54	series	series	PROPN
dem-8588	207	55	,	,	PUNCT
dem-8588	207	56	cambridge	cambridge	PROPN
dem-8588	207	57	.	.	PROPN
dem-8588	207	58	jain	jain	PROPN
dem-8588	207	59	,	,	PUNCT
dem-8588	207	60	p.	p.	PROPN
dem-8588	207	61	c.	c.	PROPN
dem-8588	207	62	,	,	PUNCT
dem-8588	207	63	joh	joh	PROPN
dem-8588	207	64	,	,	PUNCT
dem-8588	207	65	g.-h	g.-h	PROPN
dem-8588	207	66	.	.	PUNCT
dem-8588	208	1	(	(	PUNCT
dem-8588	208	2	1988	1988	NUM
dem-8588	208	3	)	)	PUNCT
dem-8588	208	4	,	,	PUNCT
dem-8588	208	5	the	the	DET
dem-8588	208	6	dependence	dependence	NOUN
dem-8588	208	7	between	between	ADP
dem-8588	208	8	hourly	hourly	ADJ
dem-8588	208	9	prices	price	NOUN
dem-8588	208	10	and	and	CCONJ
dem-8588	208	11	trading	trading	NOUN
dem-8588	208	12	volume	volume	NOUN
dem-8588	208	13	,	,	PUNCT
dem-8588	208	14	journal	journal	NOUN
dem-8588	208	15	of	of	ADP
dem-8588	208	16	financial	financial	ADJ
dem-8588	208	17	and	and	CCONJ
dem-8588	208	18	quantitative	quantitative	ADJ
dem-8588	208	19	analysis	analysis	NOUN
dem-8588	208	20	,	,	PUNCT
dem-8588	208	21	23(3	23(3	NUM
dem-8588	208	22	)	)	PUNCT
dem-8588	208	23	,	,	PUNCT
dem-8588	208	24	269–284	269–284	NUM
dem-8588	208	25	.	.	PUNCT
dem-8588	209	1	karolyi	karolyi	PROPN
dem-8588	209	2	,	,	PUNCT
dem-8588	209	3	g.	g.	PROPN
dem-8588	209	4	a.	a.	PROPN
dem-8588	209	5	,	,	PUNCT
dem-8588	209	6	lee	lee	PROPN
dem-8588	209	7	,	,	PUNCT
dem-8588	209	8	k.-h	k.-h	PROPN
dem-8588	209	9	.	.	PUNCT
dem-8588	209	10	,	,	PUNCT
dem-8588	209	11	van	van	PROPN
dem-8588	209	12	dijk	dijk	PROPN
dem-8588	209	13	,	,	PUNCT
dem-8588	209	14	m.	m.	NOUN
dem-8588	209	15	a.	a.	NOUN
dem-8588	209	16	(	(	PUNCT
dem-8588	209	17	2012	2012	NUM
dem-8588	209	18	)	)	PUNCT
dem-8588	209	19	,	,	PUNCT
dem-8588	209	20	understanding	understand	VERB
dem-8588	209	21	commonality	commonality	NOUN
dem-8588	209	22	in	in	ADP
dem-8588	209	23	liquidity	liquidity	NOUN
dem-8588	209	24	around	around	ADP
dem-8588	209	25	the	the	DET
dem-8588	209	26	world	world	NOUN
dem-8588	209	27	,	,	PUNCT
dem-8588	209	28	journal	journal	NOUN
dem-8588	209	29	of	of	ADP
dem-8588	209	30	financial	financial	ADJ
dem-8588	209	31	economics	economic	NOUN
dem-8588	209	32	,	,	PUNCT
dem-8588	209	33	105(1	105(1	NUM
dem-8588	209	34	)	)	PUNCT
dem-8588	209	35	,	,	PUNCT
dem-8588	209	36	82–112	82–112	PROPN
dem-8588	209	37	,	,	PUNCT
dem-8588	209	38	doi	doi	NOUN
dem-8588	209	39	http://dx.doi.org/10.1016/j.jfineco.2011.12.008	http://dx.doi.org/10.1016/j.jfineco.2011.12.008	PROPN
dem-8588	209	40	.	.	PUNCT
dem-8588	210	1	kiymaz	kiymaz	PROPN
dem-8588	210	2	,	,	PUNCT
dem-8588	210	3	h.	h.	PROPN
dem-8588	210	4	,	,	PUNCT
dem-8588	210	5	berument	berument	ADJ
dem-8588	210	6	,	,	PUNCT
dem-8588	210	7	h.	h.	PROPN
dem-8588	210	8	(	(	PUNCT
dem-8588	210	9	2003	2003	NUM
dem-8588	210	10	)	)	PUNCT
dem-8588	210	11	,	,	PUNCT
dem-8588	210	12	the	the	DET
dem-8588	210	13	day	day	NOUN
dem-8588	210	14	of	of	ADP
dem-8588	210	15	the	the	DET
dem-8588	210	16	week	week	NOUN
dem-8588	210	17	effect	effect	NOUN
dem-8588	210	18	on	on	ADP
dem-8588	210	19	stock	stock	NOUN
dem-8588	210	20	market	market	NOUN
dem-8588	210	21	volatility	volatility	NOUN
dem-8588	210	22	and	and	CCONJ
dem-8588	210	23	volume	volume	NOUN
dem-8588	210	24	:	:	PUNCT
dem-8588	210	25	international	international	ADJ
dem-8588	210	26	evidence	evidence	NOUN
dem-8588	210	27	,	,	PUNCT
dem-8588	210	28	review	review	NOUN
dem-8588	210	29	of	of	ADP
dem-8588	210	30	financial	financial	ADJ
dem-8588	210	31	economics	economic	NOUN
dem-8588	210	32	,	,	PUNCT
dem-8588	210	33	12(4	12(4	NUM
dem-8588	210	34	)	)	PUNCT
dem-8588	210	35	,	,	PUNCT
dem-8588	210	36	363–380	363–380	NUM
dem-8588	210	37	,	,	PUNCT
dem-8588	210	38	doi	doi	NOUN
dem-8588	210	39	:	:	PUNCT
dem-8588	210	40	http://dx.doi.org/10.1016/s1058-3300(03)00038-7	http://dx.doi.org/10.1016/s1058-3300(03)00038-7	PROPN
dem-8588	210	41	.	.	PROPN
dem-8588	210	42	lesmond	lesmond	PROPN
dem-8588	210	43	,	,	PUNCT
dem-8588	210	44	d.	d.	PROPN
dem-8588	210	45	a.	a.	PROPN
dem-8588	210	46	(	(	PUNCT
dem-8588	210	47	2005	2005	NUM
dem-8588	210	48	)	)	PUNCT
dem-8588	210	49	,	,	PUNCT
dem-8588	210	50	liquidity	liquidity	NOUN
dem-8588	210	51	of	of	ADP
dem-8588	210	52	emerging	emerge	VERB
dem-8588	210	53	markets	market	NOUN
dem-8588	210	54	,	,	PUNCT
dem-8588	210	55	journal	journal	NOUN
dem-8588	210	56	of	of	ADP
dem-8588	210	57	financial	financial	ADJ
dem-8588	210	58	economics	economic	NOUN
dem-8588	210	59	,	,	PUNCT
dem-8588	210	60	77(2	77(2	NOUN
dem-8588	210	61	)	)	PUNCT
dem-8588	210	62	,	,	PUNCT
dem-8588	210	63	411	411	NUM
dem-8588	210	64	–	–	SYM
dem-8588	210	65	452	452	NUM
dem-8588	210	66	,	,	PUNCT
dem-8588	210	67	doi	doi	NOUN
dem-8588	210	68	:	:	PUNCT
dem-8588	210	69	http://dx.doi.org/10.1016/j.jfineco.2004.01.005	http://dx.doi.org/10.1016/j.jfineco.2004.01.005	PROPN
dem-8588	210	70	.	.	PUNCT
dem-8588	211	1	lucchetti	lucchetti	PROPN
dem-8588	211	2	,	,	PUNCT
dem-8588	211	3	j.	j.	PROPN
dem-8588	211	4	,	,	PUNCT
dem-8588	211	5	balietti	balietti	PROPN
dem-8588	211	6	,	,	PUNCT
dem-8588	211	7	s.	s.	PROPN
dem-8588	211	8	(	(	PUNCT
dem-8588	211	9	2014	2014	NUM
dem-8588	211	10	)	)	PUNCT
dem-8588	211	11	,	,	PUNCT
dem-8588	211	12	the	the	DET
dem-8588	211	13	gig	gig	NOUN
dem-8588	211	14	package	package	NOUN
dem-8588	211	15	,	,	PUNCT
dem-8588	211	16	version	version	NOUN
dem-8588	211	17	2.14	2.14	NUM
dem-8588	211	18	.	.	PUNCT
dem-8588	212	1	newey	newey	PROPN
dem-8588	212	2	,	,	PUNCT
dem-8588	212	3	w.	w.	PROPN
dem-8588	212	4	k.	k.	PROPN
dem-8588	212	5	,	,	PUNCT
dem-8588	212	6	west	west	PROPN
dem-8588	212	7	,	,	PUNCT
dem-8588	212	8	k.	k.	PROPN
dem-8588	212	9	d.	d.	PROPN
dem-8588	212	10	(	(	PUNCT
dem-8588	212	11	1987	1987	NUM
dem-8588	212	12	)	)	PUNCT
dem-8588	212	13	,	,	PUNCT
dem-8588	212	14	a	a	DET
dem-8588	212	15	simple	simple	ADJ
dem-8588	212	16	,	,	PUNCT
dem-8588	212	17	positive	positive	ADJ
dem-8588	212	18	semi	semi	NOUN
dem-8588	212	19	-	-	ADJ
dem-8588	212	20	define	define	ADJ
dem-8588	212	21	,	,	PUNCT
dem-8588	212	22	heteroskesticity	heteroskesticity	NOUN
dem-8588	212	23	and	and	CCONJ
dem-8588	212	24	autocorrelation	autocorrelation	NOUN
dem-8588	212	25	consistent	consistent	ADJ
dem-8588	212	26	covariance	covariance	NOUN
dem-8588	212	27	matrix	matrix	NOUN
dem-8588	212	28	,	,	PUNCT
dem-8588	212	29	econometrica	econometrica	PROPN
dem-8588	212	30	,	,	PUNCT
dem-8588	212	31	55(3	55(3	NUM
dem-8588	212	32	)	)	PUNCT
dem-8588	212	33	,	,	PUNCT
dem-8588	212	34	703–708	703–708	NUM
dem-8588	212	35	,	,	PUNCT
dem-8588	212	36	doi	doi	NOUN
dem-8588	212	37	:	:	PUNCT
dem-8588	212	38	http://dx.doi.org/10.2307/1913610	http://dx.doi.org/10.2307/1913610	PROPN
dem-8588	212	39	.	.	PUNCT
dem-8588	213	1	nowak	nowak	PROPN
dem-8588	213	2	,	,	PUNCT
dem-8588	213	3	s.	s.	PROPN
dem-8588	213	4	,	,	PUNCT
dem-8588	213	5	olbryś	olbryś	PROPN
dem-8588	213	6	,	,	PUNCT
dem-8588	213	7	j.	j.	PROPN
dem-8588	213	8	(	(	PUNCT
dem-8588	213	9	2015	2015	NUM
dem-8588	213	10	)	)	PUNCT
dem-8588	213	11	,	,	PUNCT
dem-8588	213	12	autokorelacja	autokorelacja	PROPN
dem-8588	213	13	stóp	stóp	PROPN
dem-8588	213	14	zwrotu	zwrotu	PROPN
dem-8588	213	15	spółek	spółek	PROPN
dem-8588	213	16	giełdowych	giełdowych	PROPN
dem-8588	213	17	w	w	PROPN
dem-8588	213	18	kontekście	kontekście	PROPN
dem-8588	213	19	zakłóceń	zakłóceń	PROPN
dem-8588	213	20	w	w	PROPN
dem-8588	213	21	procesach	procesach	NOUN
dem-8588	213	22	transakcyjnych	transakcyjnych	NOUN
dem-8588	213	23	(	(	PUNCT
dem-8588	213	24	serial	serial	ADJ
dem-8588	213	25	correlation	correlation	NOUN
dem-8588	213	26	of	of	ADP
dem-8588	213	27	individual	individual	ADJ
dem-8588	213	28	stock	stock	NOUN
dem-8588	213	29	returns	return	NOUN
dem-8588	213	30	in	in	ADP
dem-8588	213	31	the	the	DET
dem-8588	213	32	context	context	NOUN
dem-8588	213	33	of	of	ADP
dem-8588	213	34	friction	friction	NOUN
dem-8588	213	35	in	in	ADP
dem-8588	213	36	trading	trading	NOUN
dem-8588	213	37	processes	process	NOUN
dem-8588	213	38	)	)	PUNCT
dem-8588	213	39	,	,	PUNCT
dem-8588	213	40	zeszyty	zeszyty	VERB
dem-8588	213	41	naukowe	naukowe	NOUN
dem-8588	213	42	uniwersytetu	uniwersytetu	NOUN
dem-8588	213	43	szczecińskiego	szczecińskiego	NOUN
dem-8588	213	44	no	no	PROPN
dem-8588	213	45	.	.	PROPN
dem-8588	213	46	854	854	NUM
dem-8588	213	47	.	.	PUNCT
dem-8588	213	48	finanse	finanse	NOUN
dem-8588	213	49	,	,	PUNCT
dem-8588	213	50	rynki	rynki	NOUN
dem-8588	213	51	finansowe	finansowe	PROPN
dem-8588	213	52	,	,	PUNCT
dem-8588	213	53	ubezpieczenia	ubezpieczenia	PROPN
dem-8588	213	54	,	,	PUNCT
dem-8588	213	55	73	73	NUM
dem-8588	213	56	,	,	PUNCT
dem-8588	213	57	721	721	NUM
dem-8588	213	58	–	–	SYM
dem-8588	213	59	734	734	NUM
dem-8588	213	60	.	.	PUNCT
dem-8588	214	1	olbryś	olbryś	ADJ
dem-8588	214	2	,	,	PUNCT
dem-8588	214	3	j.	j.	PROPN
dem-8588	214	4	(	(	PUNCT
dem-8588	214	5	2014a	2014a	NUM
dem-8588	214	6	)	)	PUNCT
dem-8588	214	7	,	,	PUNCT
dem-8588	214	8	is	be	AUX
dem-8588	214	9	illiquidity	illiquidity	NOUN
dem-8588	214	10	risk	risk	NOUN
dem-8588	214	11	priced	price	VERB
dem-8588	214	12	?	?	PUNCT
dem-8588	215	1	the	the	DET
dem-8588	215	2	case	case	NOUN
dem-8588	215	3	of	of	ADP
dem-8588	215	4	the	the	DET
dem-8588	215	5	polish	polish	ADJ
dem-8588	215	6	medium	medium	ADJ
dem-8588	215	7	-	-	PUNCT
dem-8588	215	8	size	size	NOUN
dem-8588	215	9	emerging	emerge	VERB
dem-8588	215	10	stock	stock	NOUN
dem-8588	215	11	market	market	NOUN
dem-8588	215	12	,	,	PUNCT
dem-8588	215	13	bank	bank	NOUN
dem-8588	215	14	i	i	PRON
dem-8588	215	15	kredyt	kredyt	NOUN
dem-8588	215	16	,	,	PUNCT
dem-8588	215	17	45(6	45(6	NOUN
dem-8588	215	18	)	)	PUNCT
dem-8588	215	19	,	,	PUNCT
dem-8588	215	20	513–536	513–536	NUM
dem-8588	215	21	.	.	PUNCT
dem-8588	216	1	olbryś	olbryś	ADJ
dem-8588	216	2	,	,	PUNCT
dem-8588	216	3	j.	j.	PROPN
dem-8588	216	4	(	(	PUNCT
dem-8588	216	5	2014b	2014b	NUM
dem-8588	216	6	)	)	PUNCT
dem-8588	216	7	,	,	PUNCT
dem-8588	216	8	wycena	wycena	NOUN
dem-8588	216	9	aktywów	aktywów	NOUN
dem-8588	216	10	kapitałowych	kapitałowych	VERB
dem-8588	216	11	na	na	ADP
dem-8588	216	12	rynku	rynku	PROPN
dem-8588	216	13	z	z	PROPN
dem-8588	216	14	zakłóceniami	zakłóceniami	PROPN
dem-8588	216	15	w	w	PROPN
dem-8588	216	16	procesach	procesach	NOUN
dem-8588	216	17	transakcyjnych	transakcyjnych	NOUN
dem-8588	216	18	(	(	PUNCT
dem-8588	216	19	capital	capital	NOUN
dem-8588	216	20	asset	asset	NOUN
dem-8588	216	21	pricing	pricing	NOUN
dem-8588	216	22	on	on	ADP
dem-8588	216	23	market	market	NOUN
dem-8588	216	24	with	with	ADP
dem-8588	216	25	frictions	friction	NOUN
dem-8588	216	26	in	in	ADP
dem-8588	216	27	trading	trading	NOUN
dem-8588	216	28	processes	process	NOUN
dem-8588	216	29	)	)	PUNCT
dem-8588	216	30	,	,	PUNCT
dem-8588	216	31	difin	difin	NOUN
dem-8588	216	32	press	press	PROPN
dem-8588	216	33	,	,	PUNCT
dem-8588	216	34	warszawa	warszawa	PROPN
dem-8588	216	35	.	.	PUNCT
dem-8588	217	1	rogalski	rogalski	PROPN
dem-8588	217	2	,	,	PUNCT
dem-8588	217	3	r.	r.	PROPN
dem-8588	217	4	j.	j.	PROPN
dem-8588	217	5	(	(	PUNCT
dem-8588	217	6	1984	1984	NUM
dem-8588	217	7	)	)	PUNCT
dem-8588	217	8	,	,	PUNCT
dem-8588	217	9	new	new	ADJ
dem-8588	217	10	findings	finding	NOUN
dem-8588	217	11	regatding	regatde	VERB
dem-8588	217	12	day	day	NOUN
dem-8588	217	13	-	-	PUNCT
dem-8588	217	14	of	of	ADP
dem-8588	217	15	-	-	PUNCT
dem-8588	217	16	the	the	DET
dem-8588	217	17	-	-	PUNCT
dem-8588	217	18	week	week	NOUN
dem-8588	217	19	returns	return	NOUN
dem-8588	217	20	over	over	ADP
dem-8588	217	21	trading	trading	NOUN
dem-8588	217	22	and	and	CCONJ
dem-8588	217	23	nontrading	nontrading	NOUN
dem-8588	217	24	periods	period	NOUN
dem-8588	217	25	:	:	PUNCT
dem-8588	217	26	a	a	DET
dem-8588	217	27	note	note	NOUN
dem-8588	217	28	,	,	PUNCT
dem-8588	217	29	journal	journal	NOUN
dem-8588	217	30	of	of	ADP
dem-8588	217	31	finance	finance	NOUN
dem-8588	217	32	,	,	PUNCT
dem-8588	217	33	35	35	NUM
dem-8588	217	34	,	,	PUNCT
dem-8588	217	35	1603–1614	1603–1614	NUM
dem-8588	217	36	.	.	PUNCT
dem-8588	218	1	tsay	tsay	PROPN
dem-8588	218	2	,	,	PUNCT
dem-8588	218	3	r.	r.	PROPN
dem-8588	218	4	s.	s.	PROPN
dem-8588	218	5	(	(	PUNCT
dem-8588	218	6	2010	2010	NUM
dem-8588	218	7	)	)	PUNCT
dem-8588	218	8	,	,	PUNCT
dem-8588	218	9	analysis	analysis	NOUN
dem-8588	218	10	of	of	ADP
dem-8588	218	11	financial	financial	ADJ
dem-8588	218	12	time	time	NOUN
dem-8588	218	13	series	series	PROPN
dem-8588	218	14	,	,	PUNCT
dem-8588	218	15	john	john	PROPN
dem-8588	218	16	wiley	wiley	PROPN
dem-8588	218	17	,	,	PUNCT
dem-8588	218	18	new	new	PROPN
dem-8588	218	19	york	york	PROPN
dem-8588	218	20	.	.	PUNCT
dem-8588	219	1	žikeš	žikeš	PROPN
dem-8588	219	2	,	,	PUNCT
dem-8588	219	3	f.	f.	PROPN
dem-8588	219	4	,	,	PUNCT
dem-8588	219	5	bubák	bubák	PRON
dem-8588	219	6	,	,	PUNCT
dem-8588	219	7	v.	v.	PROPN
dem-8588	219	8	(	(	PUNCT
dem-8588	219	9	2006	2006	NUM
dem-8588	219	10	)	)	PUNCT
dem-8588	219	11	,	,	PUNCT
dem-8588	219	12	seasonality	seasonality	NOUN
dem-8588	219	13	and	and	CCONJ
dem-8588	219	14	the	the	DET
dem-8588	219	15	non	non	ADJ
dem-8588	219	16	-	-	ADJ
dem-8588	219	17	trading	trading	ADJ
dem-8588	219	18	effect	effect	NOUN
dem-8588	219	19	on	on	ADP
dem-8588	219	20	central	central	ADJ
dem-8588	219	21	european	european	ADJ
dem-8588	219	22	stock	stock	NOUN
dem-8588	219	23	markets	market	NOUN
dem-8588	219	24	,	,	PUNCT
dem-8588	219	25	czech	czech	PROPN
dem-8588	219	26	journal	journal	NOUN
dem-8588	219	27	of	of	ADP
dem-8588	219	28	economics	economic	NOUN
dem-8588	219	29	and	and	CCONJ
dem-8588	219	30	finance	finance	NOUN
dem-8588	219	31	,	,	PUNCT
dem-8588	219	32	56	56	NUM
dem-8588	219	33	,	,	PUNCT
dem-8588	219	34	69–79	69–79	NOUN
dem-8588	219	35	.	.	PUNCT
dem-8588	220	1	analiza	analiza	PROPN
dem-8588	220	2	efektu	efektu	PROPN
dem-8588	220	3	dnia	dnia	PROPN
dem-8588	220	4	tygodnia	tygodnia	PROPN
dem-8588	220	5	w	w	PROPN
dem-8588	220	6	płynności	płynności	PROPN
dem-8588	220	7	spółek	spółek	PROPN
dem-8588	220	8	notowanych	notowanych	PROPN
dem-8588	220	9	na	na	PART
dem-8588	220	10	giełdzie	giełdzie	PROPN
dem-8588	220	11	papierów	papierów	PROPN
dem-8588	220	12	wartościowych	wartościowych	PROPN
dem-8588	220	13	w	w	PROPN
dem-8588	220	14	warszawie	warszawie	PROPN
dem-8588	220	15	s.a	s.a	PROPN
dem-8588	220	16	.	.	PROPN
dem-8588	221	1	z	z	PROPN
dem-8588	222	1	a	a	DET
dem-8588	222	2	r	r	NOUN
dem-8588	222	3	y	y	PROPN
dem-8588	222	4	s	s	PROPN
dem-8588	222	5	t	t	NOUN
dem-8588	222	6	r	r	NOUN
dem-8588	222	7	e	e	PROPN
dem-8588	222	8	ś	ś	PROPN
dem-8588	222	9	c	c	PROPN
dem-8588	222	10	i.	i.	PROPN
dem-8588	222	11	celem	celem	PROPN
dem-8588	222	12	artykułu	artykułu	PROPN
dem-8588	222	13	jest	jest	PROPN
dem-8588	222	14	analiza	analiza	PROPN
dem-8588	222	15	występowania	występowania	PROPN
dem-8588	222	16	efektu	efektu	PROPN
dem-8588	222	17	dnia	dnia	PROPN
dem-8588	222	18	tygodnia	tygodnia	PROPN
dem-8588	222	19	w	w	PROPN
dem-8588	222	20	płynności	płynności	PROPN
dem-8588	222	21	spółek	spółek	PROPN
dem-8588	222	22	notowanych	notowanych	PROPN
dem-8588	222	23	na	na	PART
dem-8588	222	24	giełdzie	giełdzie	PROPN
dem-8588	222	25	papierów	papierów	PROPN
dem-8588	222	26	wartościowych	wartościowych	PROPN
dem-8588	222	27	w	w	PROPN
dem-8588	222	28	warszawie	warszawie	PROPN
dem-8588	222	29	s.a	s.a	PROPN
dem-8588	222	30	.	.	PROPN
dem-8588	222	31	,	,	PUNCT
dem-8588	222	32	z	z	PROPN
dem-8588	222	33	wykorzystaniem	wykorzystaniem	PROPN
dem-8588	222	34	dziennych	dziennych	PROPN
dem-8588	222	35	wartości	wartości	PROPN
dem-8588	222	36	względnego	względnego	ADV
dem-8588	222	37	wolumenu	wolumenu	PROPN
dem-8588	222	38	jako	jako	PROPN
dem-8588	222	39	miary	miary	PROPN
dem-8588	222	40	płynności	płynności	PROPN
dem-8588	222	41	.	.	PUNCT
dem-8588	223	1	badaniu	badaniu	PROPN
dem-8588	223	2	poddano	poddano	PROPN
dem-8588	223	3	w	w	PROPN
dem-8588	223	4	szczególności	szczególności	PROPN
dem-8588	223	5	występowanie	występowanie	PROPN
dem-8588	223	6	tzw	tzw	PROPN
dem-8588	223	7	.	.	PUNCT
dem-8588	224	1	efektu	efektu	PROPN
dem-8588	224	2	odwróconego	odwróconego	PROPN
dem-8588	224	3	u	u	PROPN
dem-8588	224	4	w	w	PROPN
dem-8588	224	5	dziennym	dziennym	NOUN
dem-8588	224	6	względnym	względnym	NOUN
dem-8588	224	7	wolumenie	wolumenie	NOUN
dem-8588	224	8	53	53	NUM
dem-8588	224	9	spółek	spółek	NOUN
dem-8588	224	10	,	,	PUNCT
dem-8588	224	11	z	z	NOUN
dem-8588	224	12	podziałem	podziałem	NOUN
dem-8588	224	13	na	na	ADP
dem-8588	224	14	grupy	grupy	ADJ
dem-8588	224	15	według	według	NOUN
dem-8588	224	16	wartości	wartości	PROPN
dem-8588	224	17	rynkowej	rynkowej	PROPN
dem-8588	224	18	,	,	PUNCT
dem-8588	224	19	w	w	NOUN
dem-8588	224	20	okresie	okresie	NOUN
dem-8588	224	21	od	od	PROPN
dem-8588	224	22	stycznia	stycznia	PROPN
dem-8588	224	23	2005	2005	NUM
dem-8588	224	24	r.	r.	PROPN
dem-8588	224	25	do	do	VERB
dem-8588	224	26	grudnia	grudnia	PROPN
dem-8588	224	27	2014	2014	NUM
dem-8588	224	28	r.	r.	PROPN
dem-8588	224	29	w	w	PROPN
dem-8588	224	30	badaniu	badaniu	PROPN
dem-8588	224	31	wykorzystano	wykorzystano	PROPN
dem-8588	224	32	modele	modele	PROPN
dem-8588	224	33	ols	ols	PROPN
dem-8588	224	34	-	-	PUNCT
dem-8588	224	35	hac	hac	PROPN
dem-8588	224	36	oraz	oraz	PROPN
dem-8588	224	37	garch	garch	NOUN
dem-8588	224	38	.	.	PUNCT
dem-8588	225	1	na	na	PROPN
dem-8588	225	2	sabina	sabina	PROPN
dem-8588	225	3	nowak	nowak	PROPN
dem-8588	225	4	,	,	PUNCT
dem-8588	225	5	joanna	joanna	PROPN
dem-8588	225	6	olbryś	olbryś	PROPN
dem-8588	225	7	dynamic	dynamic	ADJ
dem-8588	225	8	econometric	econometric	ADJ
dem-8588	225	9	models	model	NOUN
dem-8588	225	10	15	15	NUM
dem-8588	225	11	(	(	PUNCT
dem-8588	225	12	2015	2015	NUM
dem-8588	225	13	)	)	PUNCT
dem-8588	225	14	49–69	49–69	NUM
dem-8588	225	15	62	62	NUM
dem-8588	225	16	podstawie	podstawie	NOUN
dem-8588	225	17	uzyskanych	uzyskanych	VERB
dem-8588	225	18	wyników	wyników	PROPN
dem-8588	225	19	stwierdzono	stwierdzono	PROPN
dem-8588	225	20	,	,	PUNCT
dem-8588	225	21	że	że	X
dem-8588	225	22	dzienny	dzienny	PROPN
dem-8588	225	23	względny	względny	VERB
dem-8588	225	24	wolumen	woluman	NOUN
dem-8588	225	25	na	na	PART
dem-8588	225	26	giełdzie	giełdzie	VERB
dem-8588	225	27	warszawskiej	warszawskiej	ADJ
dem-8588	226	1	jest	jest	PROPN
dem-8588	226	2	generalnie	generalnie	PROPN
dem-8588	226	3	istotnie	istotnie	PROPN
dem-8588	226	4	niższy	niższy	PROPN
dem-8588	227	1	w	w	PROPN
dem-8588	228	1	poniedziałki	poniedziałki	PROPN
dem-8588	228	2	(	(	PUNCT
dem-8588	228	3	tzw	tzw	PROPN
dem-8588	228	4	.	.	PUNCT
dem-8588	229	1	efekt	efekt	PROPN
dem-8588	229	2	poniedziałku	poniedziałku	PROPN
dem-8588	229	3	)	)	PUNCT
dem-8588	229	4	oraz	oraz	PROPN
dem-8588	229	5	istotnie	istotnie	PROPN
dem-8588	229	6	wyższy	wyższy	PROPN
dem-8588	229	7	w	w	NOUN
dem-8588	229	8	środy	środy	NOUN
dem-8588	229	9	(	(	PUNCT
dem-8588	229	10	tzw	tzw	PROPN
dem-8588	229	11	.	.	PUNCT
dem-8588	230	1	efekt	efekt	PROPN
dem-8588	230	2	środy	środy	NOUN
dem-8588	230	3	)	)	PUNCT
dem-8588	231	1	w	w	PROPN
dem-8588	231	2	porównaniu	porównaniu	NOUN
dem-8588	231	3	do	do	AUX
dem-8588	231	4	pozostałych	pozostałych	PROPN
dem-8588	231	5	dni	dni	PROPN
dem-8588	231	6	tygodnia	tygodnia	PROPN
dem-8588	231	7	.	.	PUNCT
dem-8588	232	1	ponadto	ponadto	PROPN
dem-8588	232	2	zaobserwowano	zaobserwowano	PROPN
dem-8588	232	3	,	,	PUNCT
dem-8588	232	4	że	że	PROPN
dem-8588	232	5	częściowy	częściowy	PROPN
dem-8588	232	6	efekt	efekt	PROPN
dem-8588	232	7	odwróconego	odwróconego	PROPN
dem-8588	232	8	u	u	PROPN
dem-8588	232	9	występuje	występuje	NOUN
dem-8588	232	10	głównie	głównie	PROPN
dem-8588	232	11	w	w	PROPN
dem-8588	232	12	dziennym	dziennym	PROPN
dem-8588	232	13	względnym	względnym	NOUN
dem-8588	232	14	wolumenie	wolumenie	NOUN
dem-8588	232	15	spółek	spółek	PROPN
dem-8588	232	16	o	o	PROPN
dem-8588	232	17	największej	największej	NOUN
dem-8588	232	18	kapitalizacji	kapitalizacji	PROPN
dem-8588	232	19	.	.	PUNCT
dem-8588	233	1	efekt	efekt	VERB
dem-8588	233	2	ten	ten	NUM
dem-8588	233	3	oznacza	oznacza	PROPN
dem-8588	233	4	jednoczesną	jednoczesną	ADJ
dem-8588	233	5	obecność	obecność	NOUN
dem-8588	233	6	efektów	efektów	NOUN
dem-8588	233	7	poniedziałku	poniedziałku	NOUN
dem-8588	233	8	i	i	PRON
dem-8588	233	9	środy	środy	NOUN
dem-8588	233	10	,	,	PUNCT
dem-8588	233	11	przy	przy	PROPN
dem-8588	233	12	braku	braku	VERB
dem-8588	233	13	tzw	tzw	PROPN
dem-8588	233	14	.	.	PUNCT
dem-8588	234	1	efektu	efektu	PROPN
dem-8588	234	2	piątku	piątku	PROPN
dem-8588	234	3	,	,	PUNCT
dem-8588	234	4	czyli	czyli	PROPN
dem-8588	234	5	spadku	spadku	PROPN
dem-8588	234	6	dziennego	dziennego	PROPN
dem-8588	234	7	względnego	względnego	PROPN
dem-8588	234	8	wolumenu	wolumenu	PROPN
dem-8588	234	9	w	w	PROPN
dem-8588	234	10	piątek	piątek	PROPN
dem-8588	234	11	do	do	VERB
dem-8588	234	12	poziomu	poziomu	PROPN
dem-8588	234	13	z	z	PROPN
dem-8588	234	14	początku	początku	PROPN
dem-8588	234	15	tygodnia	tygodnia	NOUN
dem-8588	234	16	.	.	PUNCT
dem-8588	235	1	s	s	PART
dem-8588	236	1	ł	ł	PROPN
dem-8588	236	2	o	o	X
dem-8588	236	3	w	w	NOUN
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dem-8588	238	36	)	)	PUNCT
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dem-8588	273	29	pkn	pkn	PROPN
dem-8588	273	30	pko	pko	PROPN
dem-8588	273	31	stp	stp	PROPN
dem-8588	273	32	sns	sns	PROPN
dem-8588	273	33	opl	opl	PROPN
dem-8588	273	34	tvn	tvn	PROPN
dem-8588	273	35	zwc	zwc	PROPN
dem-8588	273	36	2b	2b	NUM
dem-8588	273	37	1.664	1.664	NUM
dem-8588	273	38	*	*	NOUN
dem-8588	273	39	*	*	PUNCT
dem-8588	273	40	*	*	PUNCT
dem-8588	273	41	1.979	1.979	NUM
dem-8588	273	42	*	*	PUNCT
dem-8588	273	43	*	*	PUNCT
dem-8588	273	44	*	*	NOUN
dem-8588	273	45	0.034	0.034	NUM
dem-8588	273	46	5.087	5.087	NUM
dem-8588	273	47	*	*	PUNCT
dem-8588	273	48	*	*	PUNCT
dem-8588	273	49	*	*	PUNCT
dem-8588	273	50	0.409	0.409	NUM
dem-8588	273	51	3.884	3.884	NUM
dem-8588	273	52	*	*	PUNCT
dem-8588	273	53	*	*	PUNCT
dem-8588	273	54	*	*	PUNCT
dem-8588	273	55	4.587	4.587	NUM
dem-8588	273	56	*	*	PUNCT
dem-8588	273	57	*	*	PUNCT
dem-8588	273	58	*	*	PUNCT
dem-8588	273	59	3.230	3.230	NUM
dem-8588	273	60	*	*	PUNCT
dem-8588	273	61	*	*	PUNCT
dem-8588	273	62	*	*	NOUN
dem-8588	273	63	0.553	0.553	NUM
dem-8588	273	64	1.529	1.529	NUM
dem-8588	273	65	*	*	PUNCT
dem-8588	273	66	*	*	PUNCT
dem-8588	274	1	3.973	3.973	NUM
dem-8588	274	2	*	*	PUNCT
dem-8588	274	3	*	*	PUNCT
dem-8588	274	4	*	*	PUNCT
dem-8588	274	5	1.993	1.993	NUM
dem-8588	274	6	*	*	PUNCT
dem-8588	274	7	*	*	PUNCT
dem-8588	274	8	*	*	PUNCT
dem-8588	274	9	0.033	0.033	NUM
dem-8588	274	10	3b	3b	NUM
dem-8588	274	11	2.834	2.834	NUM
dem-8588	274	12	*	*	PUNCT
dem-8588	274	13	*	*	PUNCT
dem-8588	274	14	*	*	PUNCT
dem-8588	274	15	2.565	2.565	NUM
dem-8588	274	16	*	*	PUNCT
dem-8588	274	17	*	*	PUNCT
dem-8588	274	18	*	*	PUNCT
dem-8588	275	1	0.101	0.101	NUM
dem-8588	275	2	*	*	PUNCT
dem-8588	275	3	5.478	5.478	NUM
dem-8588	275	4	*	*	PUNCT
dem-8588	275	5	*	*	PUNCT
dem-8588	275	6	*	*	PUNCT
dem-8588	275	7	1.248	1.248	NUM
dem-8588	275	8	4.791	4.791	NUM
dem-8588	275	9	*	*	PUNCT
dem-8588	275	10	*	*	PUNCT
dem-8588	275	11	*	*	PUNCT
dem-8588	275	12	6.311	6.311	NUM
dem-8588	275	13	*	*	PUNCT
dem-8588	275	14	*	*	PUNCT
dem-8588	275	15	*	*	PUNCT
dem-8588	275	16	5.246	5.246	NUM
dem-8588	275	17	*	*	PUNCT
dem-8588	275	18	*	*	PUNCT
dem-8588	275	19	*	*	NOUN
dem-8588	275	20	0.420	0.420	NUM
dem-8588	275	21	0.824	0.824	NUM
dem-8588	275	22	*	*	SYM
dem-8588	275	23	6.573	6.573	NUM
dem-8588	275	24	*	*	PUNCT
dem-8588	275	25	*	*	PUNCT
dem-8588	275	26	*	*	PUNCT
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dem-8588	275	28	*	*	PUNCT
dem-8588	275	29	*	*	PUNCT
dem-8588	275	30	*	*	PUNCT
dem-8588	275	31	0.013	0.013	NUM
dem-8588	275	32	4b	4b	NOUN
dem-8588	275	33	2.181	2.181	NUM
dem-8588	275	34	*	*	PUNCT
dem-8588	275	35	*	*	PUNCT
dem-8588	275	36	*	*	PUNCT
dem-8588	275	37	2.762	2.762	NUM
dem-8588	275	38	*	*	PUNCT
dem-8588	275	39	*	*	PUNCT
dem-8588	275	40	*	*	PUNCT
dem-8588	275	41	0.197	0.197	NUM
dem-8588	275	42	*	*	PUNCT
dem-8588	275	43	*	*	PUNCT
dem-8588	275	44	*	*	PUNCT
dem-8588	275	45	4.224	4.224	NUM
dem-8588	275	46	*	*	PUNCT
dem-8588	275	47	*	*	PUNCT
dem-8588	275	48	*	*	PUNCT
dem-8588	275	49	2.971	2.971	NUM
dem-8588	275	50	*	*	PUNCT
dem-8588	275	51	*	*	PUNCT
dem-8588	275	52	4.651	4.651	NUM
dem-8588	275	53	*	*	PUNCT
dem-8588	275	54	*	*	PUNCT
dem-8588	275	55	*	*	PUNCT
dem-8588	275	56	7.472	7.472	NUM
dem-8588	275	57	*	*	PUNCT
dem-8588	275	58	*	*	PUNCT
dem-8588	275	59	*	*	PUNCT
dem-8588	275	60	5.610	5.610	NUM
dem-8588	275	61	*	*	PUNCT
dem-8588	275	62	*	*	PUNCT
dem-8588	275	63	*	*	PUNCT
dem-8588	275	64	1.000	1.000	NUM
dem-8588	275	65	*	*	NOUN
dem-8588	275	66	*	*	NOUN
dem-8588	275	67	0.214	0.214	NUM
dem-8588	275	68	4.668	4.668	NUM
dem-8588	275	69	*	*	PUNCT
dem-8588	275	70	*	*	PUNCT
dem-8588	275	71	*	*	PUNCT
dem-8588	275	72	2.001	2.001	NUM
dem-8588	275	73	*	*	PUNCT
dem-8588	275	74	*	*	PUNCT
dem-8588	275	75	*	*	PUNCT
dem-8588	275	76	0.000	0.000	NUM
dem-8588	275	77	5b	5b	NUM
dem-8588	275	78	2.308	2.308	NUM
dem-8588	275	79	*	*	PUNCT
dem-8588	275	80	*	*	PUNCT
dem-8588	275	81	*	*	PUNCT
dem-8588	275	82	2.018	2.018	NUM
dem-8588	275	83	*	*	PUNCT
dem-8588	275	84	*	*	PUNCT
dem-8588	275	85	*	*	PUNCT
dem-8588	275	86	0.168	0.168	NUM
dem-8588	275	87	*	*	PUNCT
dem-8588	275	88	3.644	3.644	NUM
dem-8588	275	89	*	*	PUNCT
dem-8588	275	90	*	*	PUNCT
dem-8588	275	91	*	*	PUNCT
dem-8588	275	92	1.683	1.683	NUM
dem-8588	275	93	4.363	4.363	NUM
dem-8588	275	94	*	*	PUNCT
dem-8588	275	95	*	*	PUNCT
dem-8588	275	96	*	*	PUNCT
dem-8588	275	97	7.437	7.437	NUM
dem-8588	275	98	*	*	PUNCT
dem-8588	275	99	*	*	PUNCT
dem-8588	275	100	*	*	PUNCT
dem-8588	275	101	5.262	5.262	NUM
dem-8588	275	102	*	*	PUNCT
dem-8588	275	103	*	*	PUNCT
dem-8588	275	104	*	*	PUNCT
dem-8588	275	105	0.271	0.271	NUM
dem-8588	275	106	3.078	3.078	NUM
dem-8588	275	107	3.967	3.967	NUM
dem-8588	275	108	*	*	PUNCT
dem-8588	275	109	*	*	PUNCT
dem-8588	275	110	*	*	PUNCT
dem-8588	275	111	4.161	4.161	NUM
dem-8588	275	112	*	*	PUNCT
dem-8588	275	113	*	*	PUNCT
dem-8588	275	114	*	*	PROPN
dem-8588	275	115	0.009	0.009	NUM
dem-8588	275	116	lm	lm	NUM
dem-8588	275	117	184.953	184.953	NUM
dem-8588	276	1	[	[	NOUN
dem-8588	276	2	0.000	0.000	NUM
dem-8588	276	3	]	]	PUNCT
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dem-8588	277	2	[	[	X
dem-8588	277	3	0.000	0.000	NUM
dem-8588	277	4	]	]	PUNCT
dem-8588	277	5	3.164	3.164	NUM
dem-8588	278	1	[	[	X
dem-8588	278	2	0.675	0.675	NUM
dem-8588	278	3	]	]	PUNCT
dem-8588	278	4	16.050	16.050	NUM
dem-8588	279	1	[	[	X
dem-8588	279	2	0.007	0.007	NUM
dem-8588	279	3	]	]	PUNCT
dem-8588	279	4	2.372	2.372	NUM
dem-8588	279	5	[	[	X
dem-8588	279	6	0.796	0.796	NUM
dem-8588	279	7	]	]	PUNCT
dem-8588	280	1	542.272	542.272	NUM
dem-8588	281	1	[	[	X
dem-8588	281	2	0.000	0.000	NUM
dem-8588	281	3	]	]	X
dem-8588	282	1	74.756	74.756	NUM
dem-8588	283	1	[	[	X
dem-8588	283	2	0.000	0.000	NUM
dem-8588	283	3	]	]	X
dem-8588	283	4	471.023	471.023	NUM
dem-8588	284	1	[	[	X
dem-8588	284	2	0.000	0.000	NUM
dem-8588	284	3	]	]	PUNCT
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dem-8588	285	1	[	[	X
dem-8588	285	2	0.007	0.007	NUM
dem-8588	285	3	]	]	PUNCT
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dem-8588	286	1	[	[	X
dem-8588	286	2	1.000	1.000	NUM
dem-8588	286	3	]	]	PUNCT
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dem-8588	287	1	[	[	X
dem-8588	287	2	0.000	0.000	NUM
dem-8588	287	3	]	]	PUNCT
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dem-8588	288	1	[	[	X
dem-8588	288	2	0.974	0.974	NUM
dem-8588	288	3	]	]	PUNCT
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dem-8588	289	1	[	[	X
dem-8588	289	2	0.000	0.000	NUM
dem-8588	289	3	]	]	X
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dem-8588	290	1	[	[	NOUN
dem-8588	290	2	0.000	0.000	NUM
dem-8588	290	3	]	]	X
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dem-8588	290	5	[	[	X
dem-8588	290	6	0.000	0.000	NUM
dem-8588	290	7	]	]	X
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dem-8588	291	1	[	[	X
dem-8588	291	2	0.000	0.000	X
dem-8588	291	3	]	]	X
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dem-8588	291	5	[	[	X
dem-8588	291	6	0.000	0.000	NUM
dem-8588	291	7	]	]	PUNCT
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dem-8588	292	1	[	[	X
dem-8588	292	2	0.000	0.000	NUM
dem-8588	292	3	]	]	X
dem-8588	292	4	616.530	616.530	NUM
dem-8588	293	1	[	[	X
dem-8588	293	2	0.000	0.000	NUM
dem-8588	293	3	]	]	PUNCT
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dem-8588	294	1	[	[	X
dem-8588	294	2	0.000	0.000	NUM
dem-8588	294	3	]	]	X
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dem-8588	294	5	[	[	X
dem-8588	294	6	0.000	0.000	NUM
dem-8588	294	7	]	]	X
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dem-8588	295	1	[	[	X
dem-8588	295	2	0.000	0.000	NUM
dem-8588	295	3	]	]	PUNCT
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dem-8588	297	1	[	[	X
dem-8588	297	2	0.000	0.000	NUM
dem-8588	297	3	]	]	PUNCT
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dem-8588	298	1	[	[	X
dem-8588	298	2	0.000	0.000	NUM
dem-8588	298	3	]	]	X
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dem-8588	299	1	[	[	X
dem-8588	299	2	0.000	0.000	X
dem-8588	299	3	]	]	PUNCT
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dem-8588	300	1	[	[	X
dem-8588	300	2	0.000	0.000	X
dem-8588	300	3	]	]	X
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dem-8588	300	6	[	[	X
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dem-8588	300	8	]	]	PUNCT
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dem-8588	300	10	[	[	X
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dem-8588	300	14	[	[	X
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dem-8588	301	1	[	[	X
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dem-8588	302	1	[	[	X
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dem-8588	302	3	]	]	PUNCT
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dem-8588	304	1	[	[	X
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dem-8588	305	5	[	[	X
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dem-8588	306	1	[	[	X
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dem-8588	307	1	[	[	X
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dem-8588	307	3	]	]	X
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dem-8588	307	5	[	[	NOUN
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dem-8588	307	7	]	]	PUNCT
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dem-8588	307	9	[	[	SYM
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dem-8588	307	11	]	]	PUNCT
dem-8588	307	12	note	note	NOUN
dem-8588	307	13	:	:	PUNCT
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dem-8588	307	15	,	,	PUNCT
dem-8588	307	16	,	,	PUNCT
dem-8588	307	17	,	,	PUNCT
dem-8588	307	18	bbbb	bbbb	PROPN
dem-8588	307	19	–	–	PUNCT
dem-8588	307	20	the	the	DET
dem-8588	307	21	estimates	estimate	NOUN
dem-8588	307	22	of	of	ADP
dem-8588	307	23	the	the	DET
dem-8588	307	24	model	model	NOUN
dem-8588	307	25	(	(	PUNCT
dem-8588	307	26	2	2	NUM
dem-8588	307	27	)	)	PUNCT
dem-8588	307	28	coefficients	coefficient	NOUN
dem-8588	307	29	using	use	VERB
dem-8588	307	30	the	the	DET
dem-8588	307	31	ols	ol	NOUN
dem-8588	307	32	method	method	NOUN
dem-8588	307	33	with	with	ADP
dem-8588	307	34	the	the	DET
dem-8588	307	35	hac	hac	X
dem-8588	307	36	covariance	covariance	NOUN
dem-8588	307	37	matrix	matrix	NOUN
dem-8588	307	38	estimator	estimator	NOUN
dem-8588	307	39	(	(	PUNCT
dem-8588	307	40	newey	newey	PROPN
dem-8588	307	41	,	,	PUNCT
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dem-8588	307	43	,	,	PUNCT
dem-8588	307	44	1987	1987	NUM
dem-8588	307	45	)	)	PUNCT
dem-8588	307	46	;	;	PUNCT
dem-8588	308	1	*	*	PUNCT
dem-8588	308	2	*	*	PUNCT
dem-8588	308	3	(	(	PUNCT
dem-8588	308	4	*	*	PUNCT
dem-8588	308	5	*	*	PUNCT
dem-8588	308	6	*	*	NOUN
dem-8588	308	7	,	,	PUNCT
dem-8588	308	8	*	*	PUNCT
dem-8588	308	9	)	)	PUNCT
dem-8588	308	10	–	–	PUNCT
dem-8588	308	11	indicates	indicate	VERB
dem-8588	308	12	statistical	statistical	ADJ
dem-8588	308	13	significance	significance	NOUN
dem-8588	308	14	at	at	ADP
dem-8588	308	15	5	5	NUM
dem-8588	308	16	per	per	NOUN
dem-8588	308	17	cent	cent	NOUN
dem-8588	308	18	(	(	PUNCT
dem-8588	308	19	1	1	NUM
dem-8588	308	20	per	per	ADP
dem-8588	308	21	cent	cent	NOUN
dem-8588	308	22	,	,	PUNCT
dem-8588	308	23	10	10	NUM
dem-8588	308	24	per	per	ADP
dem-8588	308	25	cent	cent	NOUN
dem-8588	308	26	)	)	PUNCT
dem-8588	308	27	significance	significance	NOUN
dem-8588	308	28	level	level	NOUN
dem-8588	308	29	;	;	PUNCT
dem-8588	308	30	lm	lm	X
dem-8588	308	31	–	–	PUNCT
dem-8588	308	32	the	the	DET
dem-8588	308	33	lagrange	lagrange	NOUN
dem-8588	308	34	multiplier	multipli	ADJ
dem-8588	308	35	statistic	statistic	NOUN
dem-8588	308	36	of	of	ADP
dem-8588	308	37	the	the	DET
dem-8588	308	38	engle	engle	NOUN
dem-8588	308	39	’s	’s	PART
dem-8588	308	40	test	test	NOUN
dem-8588	308	41	(	(	PUNCT
dem-8588	308	42	1982	1982	NUM
dem-8588	308	43	)	)	PUNCT
dem-8588	308	44	,	,	PUNCT
dem-8588	308	45	order	order	NOUN
dem-8588	308	46	lag	lag	VERB
dem-8588	308	47	equal	equal	ADJ
dem-8588	308	48	to	to	ADP
dem-8588	308	49	5	5	NUM
dem-8588	308	50	;	;	PUNCT
dem-8588	308	51	2r	2r	NUM
dem-8588	308	52	–	–	PUNCT
dem-8588	308	53	the	the	DET
dem-8588	308	54	adjusted	adjust	VERB
dem-8588	308	55	2r	2r	NUM
dem-8588	308	56	,	,	PUNCT
dem-8588	308	57	2tr	2tr	NOUN
dem-8588	308	58	–	–	PUNCT
dem-8588	308	59	the	the	DET
dem-8588	308	60	lagrange	lagrange	NOUN
dem-8588	308	61	multiplier	multipli	ADJ
dem-8588	308	62	statistic	statistic	NOUN
dem-8588	308	63	of	of	ADP
dem-8588	308	64	the	the	DET
dem-8588	308	65	breusch	breusch	ADJ
dem-8588	308	66	-	-	PUNCT
dem-8588	308	67	godfrey	godfrey	NOUN
dem-8588	308	68	test	test	NOUN
dem-8588	308	69	for	for	ADP
dem-8588	308	70	autocorrelation	autocorrelation	NOUN
dem-8588	308	71	of	of	ADP
dem-8588	308	72	order	order	NOUN
dem-8588	308	73	5	5	NUM
dem-8588	308	74	;	;	PUNCT
dem-8588	308	75	w	w	X
dem-8588	308	76	–	–	PUNCT
dem-8588	308	77	the	the	DET
dem-8588	308	78	white	white	PROPN
dem-8588	308	79	statistic	statistic	NOUN
dem-8588	308	80	;	;	PUNCT
dem-8588	308	81	relevant	relevant	ADJ
dem-8588	308	82	p	p	NOUN
dem-8588	308	83	-	-	PUNCT
dem-8588	308	84	values	value	NOUN
dem-8588	308	85	in	in	ADP
dem-8588	308	86	brackets	bracket	NOUN
dem-8588	308	87	under	under	ADP
dem-8588	308	88	the	the	DET
dem-8588	308	89	estimates	estimate	NOUN
dem-8588	308	90	.	.	PUNCT
dem-8588	309	1	2tr	2tr	ADJ
dem-8588	309	2	table	table	NOUN
dem-8588	309	3	3	3	NUM
dem-8588	309	4	.	.	X
dem-8588	309	5	estimation	estimation	NOUN
dem-8588	309	6	results	result	NOUN
dem-8588	309	7	of	of	ADP
dem-8588	309	8	model	model	NOUN
dem-8588	309	9	(	(	PUNCT
dem-8588	309	10	2	2	NUM
dem-8588	309	11	)	)	PUNCT
dem-8588	309	12	,	,	PUNCT
dem-8588	309	13	ols	ols	PROPN
dem-8588	309	14	-	-	PUNCT
dem-8588	309	15	hac	hac	PROPN
dem-8588	309	16	,	,	PUNCT
dem-8588	309	17	monday	monday	PROPN
dem-8588	309	18	dummy	dummy	ADJ
dem-8588	309	19	variable	variable	NOUN
dem-8588	309	20	excluded	exclude	VERB
dem-8588	309	21	,	,	PUNCT
dem-8588	309	22	the	the	DET
dem-8588	309	23	medium	medium	ADJ
dem-8588	309	24	group	group	NOUN
dem-8588	309	25	medium	medium	NOUN
dem-8588	309	26	group	group	NOUN
dem-8588	309	27	alm	alm	PROPN
dem-8588	309	28	amc	amc	PROPN
dem-8588	309	29	atm	atm	PROPN
dem-8588	309	30	atg	atg	PROPN
dem-8588	309	31	col	col	PROPN
dem-8588	309	32	ipl	ipl	PROPN
dem-8588	309	33	ind	ind	PROPN
dem-8588	309	34	ltx	ltx	PROPN
dem-8588	309	35	mci	mci	PROPN
dem-8588	309	36	mni	mni	PROPN
dem-8588	309	37	cng	cng	PROPN
dem-8588	309	38	pek	pek	PROPN
dem-8588	309	39	ska	ska	PROPN
dem-8588	309	40	stx	stx	PROPN
dem-8588	309	41	2b	2b	NOUN
dem-8588	309	42	0.683	0.683	NUM
dem-8588	309	43	–	–	PUNCT
dem-8588	309	44	0.161	0.161	NUM
dem-8588	309	45	–	–	PUNCT
dem-8588	309	46	0.038	0.038	NUM
dem-8588	309	47	0.787	0.787	NUM
dem-8588	309	48	0.310	0.310	NUM
dem-8588	309	49	–	–	PUNCT
dem-8588	309	50	0.030	0.030	NUM
dem-8588	309	51	1.632	1.632	NUM
dem-8588	309	52	0.237	0.237	NUM
dem-8588	309	53	4.375	4.375	NUM
dem-8588	309	54	*	*	PUNCT
dem-8588	309	55	*	*	NOUN
dem-8588	309	56	0.949	0.949	NUM
dem-8588	309	57	3.768	3.768	NUM
dem-8588	309	58	*	*	PUNCT
dem-8588	309	59	*	*	PUNCT
dem-8588	309	60	0.191	0.191	NUM
dem-8588	309	61	2.644	2.644	NUM
dem-8588	309	62	*	*	NOUN
dem-8588	309	63	0.003	0.003	NUM
dem-8588	309	64	3b	3b	NOUN
dem-8588	309	65	1.331	1.331	NUM
dem-8588	309	66	0.199	0.199	NUM
dem-8588	309	67	0.124	0.124	NUM
dem-8588	309	68	0.144	0.144	NUM
dem-8588	309	69	0.024	0.024	NUM
dem-8588	309	70	1.688	1.688	NUM
dem-8588	309	71	0.684	0.684	NUM
dem-8588	309	72	–	–	PUNCT
dem-8588	309	73	0.348	0.348	NUM
dem-8588	309	74	4.873	4.873	NUM
dem-8588	309	75	*	*	NOUN
dem-8588	309	76	4.299	4.299	NUM
dem-8588	309	77	3.331	3.331	NUM
dem-8588	309	78	*	*	NUM
dem-8588	309	79	1.162	1.162	NUM
dem-8588	309	80	0.689	0.689	NUM
dem-8588	309	81	0.301	0.301	NUM
dem-8588	309	82	4b	4b	PROPN
dem-8588	309	83	0.128	0.128	NUM
dem-8588	309	84	1.252	1.252	NUM
dem-8588	309	85	1.229	1.229	NUM
dem-8588	309	86	–	–	PUNCT
dem-8588	309	87	0.098	0.098	NUM
dem-8588	309	88	0.272	0.272	NUM
dem-8588	309	89	1.647	1.647	NUM
dem-8588	309	90	2.898	2.898	NUM
dem-8588	309	91	*	*	SYM
dem-8588	309	92	–	–	PUNCT
dem-8588	309	93	1.140	1.140	NUM
dem-8588	309	94	7.143	7.143	NUM
dem-8588	309	95	*	*	PUNCT
dem-8588	309	96	*	*	PUNCT
dem-8588	310	1	3.708	3.708	NUM
dem-8588	310	2	4.117	4.117	NUM
dem-8588	310	3	*	*	PUNCT
dem-8588	310	4	*	*	PUNCT
dem-8588	310	5	1.011	1.011	NUM
dem-8588	310	6	1.906	1.906	NUM
dem-8588	310	7	*	*	NUM
dem-8588	310	8	1.630	1.630	NUM
dem-8588	310	9	5b	5b	NUM
dem-8588	310	10	0.672	0.672	NUM
dem-8588	310	11	0.379	0.379	NUM
dem-8588	310	12	–	–	PUNCT
dem-8588	310	13	0.456	0.456	NUM
dem-8588	310	14	1.016	1.016	NUM
dem-8588	310	15	0.758	0.758	NUM
dem-8588	310	16	1.191	1.191	NUM
dem-8588	310	17	0.720	0.720	NUM
dem-8588	310	18	–	–	PUNCT
dem-8588	310	19	1.106	1.106	NUM
dem-8588	310	20	2.718	2.718	NUM
dem-8588	310	21	2.797	2.797	NUM
dem-8588	310	22	2.487	2.487	NUM
dem-8588	310	23	*	*	NOUN
dem-8588	310	24	0.353	0.353	NUM
dem-8588	310	25	1.138	1.138	NUM
dem-8588	310	26	0.978	0.978	NUM
dem-8588	310	27	lm	lm	PROPN
dem-8588	310	28	21.847	21.847	NUM
dem-8588	311	1	[	[	X
dem-8588	311	2	0.001	0.001	NUM
dem-8588	311	3	]	]	PUNCT
dem-8588	312	1	67.675	67.675	NUM
dem-8588	313	1	[	[	X
dem-8588	313	2	0.000	0.000	NUM
dem-8588	313	3	]	]	PUNCT
dem-8588	313	4	41.616	41.616	NUM
dem-8588	314	1	[	[	X
dem-8588	314	2	0.000	0.000	NUM
dem-8588	314	3	]	]	X
dem-8588	314	4	1.936	1.936	NUM
dem-8588	315	1	[	[	SYM
dem-8588	315	2	0.858	0.858	NUM
dem-8588	315	3	]	]	PUNCT
dem-8588	315	4	84.352	84.352	NUM
dem-8588	315	5	[	[	X
dem-8588	315	6	0.000	0.000	NUM
dem-8588	315	7	]	]	PUNCT
dem-8588	315	8	4.026	4.026	NUM
dem-8588	316	1	[	[	X
dem-8588	316	2	0.546	0.546	NUM
dem-8588	316	3	]	]	PUNCT
dem-8588	316	4	4.568	4.568	NUM
dem-8588	316	5	[	[	X
dem-8588	316	6	0.471	0.471	NUM
dem-8588	316	7	]	]	X
dem-8588	316	8	569.325	569.325	NUM
dem-8588	316	9	[	[	X
dem-8588	316	10	0.000	0.000	NUM
dem-8588	316	11	]	]	X
dem-8588	316	12	501.096	501.096	NUM
dem-8588	317	1	[	[	X
dem-8588	317	2	0.000	0.000	NUM
dem-8588	317	3	]	]	X
dem-8588	317	4	438.636	438.636	NUM
dem-8588	318	1	[	[	X
dem-8588	318	2	0.000	0.000	NUM
dem-8588	318	3	]	]	X
dem-8588	318	4	7.008	7.008	NUM
dem-8588	319	1	[	[	X
dem-8588	319	2	0.220	0.220	NUM
dem-8588	319	3	]	]	PUNCT
dem-8588	319	4	38.001	38.001	NUM
dem-8588	320	1	[	[	X
dem-8588	320	2	0.000	0.000	NUM
dem-8588	320	3	]	]	PUNCT
dem-8588	320	4	4.068	4.068	NUM
dem-8588	320	5	[	[	X
dem-8588	320	6	0.540	0.540	NUM
dem-8588	320	7	]	]	X
dem-8588	320	8	692.530	692.530	NUM
dem-8588	320	9	[	[	NOUN
dem-8588	320	10	0.000	0.000	NUM
dem-8588	320	11	]	]	X
dem-8588	320	12	2tr	2tr	NOUN
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dem-8588	322	1	[	[	NOUN
dem-8588	322	2	0.000	0.000	NUM
dem-8588	322	3	]	]	X
dem-8588	322	4	551.466	551.466	NUM
dem-8588	323	1	[	[	X
dem-8588	323	2	0.000	0.000	NUM
dem-8588	323	3	]	]	X
dem-8588	323	4	205.035	205.035	NUM
dem-8588	324	1	[	[	X
dem-8588	324	2	0.000	0.000	NUM
dem-8588	324	3	]	]	X
dem-8588	324	4	293.065	293.065	NUM
dem-8588	325	1	[	[	X
dem-8588	325	2	0.000	0.000	X
dem-8588	325	3	]	]	X
dem-8588	325	4	664.712	664.712	NUM
dem-8588	325	5	[	[	NOUN
dem-8588	325	6	0.000	0.000	NUM
dem-8588	325	7	]	]	PUNCT
dem-8588	325	8	305.668	305.668	NUM
dem-8588	326	1	[	[	X
dem-8588	326	2	0.000	0.000	NUM
dem-8588	326	3	]	]	X
dem-8588	326	4	107.632	107.632	NUM
dem-8588	327	1	[	[	X
dem-8588	327	2	0.000	0.000	NUM
dem-8588	327	3	]	]	X
dem-8588	327	4	1245.440	1245.440	NUM
dem-8588	328	1	[	[	X
dem-8588	328	2	0.000	0.000	NUM
dem-8588	328	3	]	]	X
dem-8588	328	4	1175.298	1175.298	NUM
dem-8588	329	1	[	[	X
dem-8588	329	2	0.000	0.000	NUM
dem-8588	329	3	]	]	X
dem-8588	329	4	964.227	964.227	NUM
dem-8588	330	1	[	[	X
dem-8588	330	2	0.000	0.000	NUM
dem-8588	330	3	]	]	X
dem-8588	330	4	269.080	269.080	NUM
dem-8588	330	5	[	[	X
dem-8588	330	6	0.000	0.000	NUM
dem-8588	330	7	]	]	X
dem-8588	330	8	314.258	314.258	NUM
dem-8588	331	1	[	[	X
dem-8588	331	2	0.000	0.000	NUM
dem-8588	331	3	]	]	PUNCT
dem-8588	332	1	52.412	52.412	NUM
dem-8588	333	1	[	[	X
dem-8588	333	2	0.000	0.000	NUM
dem-8588	333	3	]	]	X
dem-8588	333	4	1189.473	1189.473	NUM
dem-8588	333	5	[	[	X
dem-8588	333	6	0.000	0.000	NUM
dem-8588	333	7	]	]	X
dem-8588	333	8	w	w	NOUN
dem-8588	333	9	2.351	2.351	NUM
dem-8588	333	10	[	[	X
dem-8588	333	11	0.671	0.671	NUM
dem-8588	333	12	]	]	PUNCT
dem-8588	333	13	0.975	0.975	NUM
dem-8588	334	1	[	[	X
dem-8588	334	2	0.914	0.914	NUM
dem-8588	334	3	]	]	PUNCT
dem-8588	334	4	2.566	2.566	NUM
dem-8588	334	5	[	[	X
dem-8588	334	6	0.633	0.633	NUM
dem-8588	334	7	]	]	PUNCT
dem-8588	334	8	2.921	2.921	NUM
dem-8588	334	9	[	[	X
dem-8588	334	10	0.571	0.571	NUM
dem-8588	334	11	]	]	PUNCT
dem-8588	334	12	3.700	3.700	NUM
dem-8588	335	1	[	[	X
dem-8588	335	2	0.448	0.448	NUM
dem-8588	335	3	]	]	SYM
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dem-8588	336	1	[	[	X
dem-8588	336	2	0.432	0.432	NUM
dem-8588	336	3	]	]	X
dem-8588	336	4	6.533	6.533	NUM
dem-8588	336	5	[	[	X
dem-8588	336	6	0.163	0.163	NUM
dem-8588	336	7	]	]	PUNCT
dem-8588	336	8	0.903	0.903	NUM
dem-8588	337	1	[	[	X
dem-8588	337	2	0.924	0.924	NUM
dem-8588	337	3	]	]	PUNCT
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dem-8588	337	5	[	[	X
dem-8588	337	6	0.671	0.671	NUM
dem-8588	337	7	]	]	PUNCT
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dem-8588	337	9	[	[	SYM
dem-8588	337	10	0.859	0.859	NUM
dem-8588	337	11	]	]	X
dem-8588	338	1	3.668	3.668	NUM
dem-8588	338	2	[	[	X
dem-8588	338	3	0.453	0.453	NUM
dem-8588	338	4	]	]	PUNCT
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dem-8588	338	6	[	[	X
dem-8588	338	7	0.702	0.702	NUM
dem-8588	338	8	]	]	PUNCT
dem-8588	338	9	5.264	5.264	NUM
dem-8588	338	10	[	[	X
dem-8588	338	11	0.261	0.261	NUM
dem-8588	338	12	]	]	PUNCT
dem-8588	338	13	1.610	1.610	NUM
dem-8588	338	14	[	[	X
dem-8588	338	15	0.807	0.807	NUM
dem-8588	338	16	]	]	PUNCT
dem-8588	338	17	table	table	NOUN
dem-8588	338	18	3	3	NUM
dem-8588	338	19	cont	cont	NOUN
dem-8588	338	20	.	.	PUNCT
dem-8588	339	1	estimation	estimation	NOUN
dem-8588	339	2	results	result	NOUN
dem-8588	339	3	of	of	ADP
dem-8588	339	4	model	model	NOUN
dem-8588	339	5	(	(	PUNCT
dem-8588	339	6	2	2	NUM
dem-8588	339	7	)	)	PUNCT
dem-8588	339	8	,	,	PUNCT
dem-8588	339	9	ols	ols	PROPN
dem-8588	339	10	-	-	PUNCT
dem-8588	339	11	hac	hac	PROPN
dem-8588	339	12	,	,	PUNCT
dem-8588	339	13	monday	monday	PROPN
dem-8588	339	14	dummy	dummy	ADJ
dem-8588	339	15	variable	variable	NOUN
dem-8588	339	16	excluded	exclude	VERB
dem-8588	339	17	,	,	PUNCT
dem-8588	339	18	the	the	DET
dem-8588	339	19	medium	medium	ADJ
dem-8588	339	20	and	and	CCONJ
dem-8588	339	21	small	small	ADJ
dem-8588	339	22	groups	group	NOUN
dem-8588	339	23	medium	medium	NOUN
dem-8588	339	24	group	group	NOUN
dem-8588	339	25	small	small	ADJ
dem-8588	339	26	group	group	NOUN
dem-8588	339	27	stf	stf	PROPN
dem-8588	339	28	tim	tim	PROPN
dem-8588	339	29	vst	vst	PROPN
dem-8588	339	30	pue	pue	PROPN
dem-8588	339	31	apl	apl	PROPN
dem-8588	339	32	bdl	bdl	PROPN
dem-8588	339	33	efk	efk	PROPN
dem-8588	339	34	enp	enp	PROPN
dem-8588	339	35	kmp	kmp	PROPN
dem-8588	339	36	mza	mza	PROPN
dem-8588	339	37	pla	pla	PROPN
dem-8588	339	38	sme	sme	PROPN
dem-8588	339	39	2b	2b	NUM
dem-8588	339	40	2.262	2.262	NUM
dem-8588	339	41	*	*	PUNCT
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dem-8588	339	43	4.450	4.450	NUM
dem-8588	339	44	*	*	PUNCT
dem-8588	339	45	*	*	PUNCT
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dem-8588	339	48	–	–	PUNCT
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dem-8588	339	51	*	*	SYM
dem-8588	339	52	–	–	PUNCT
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dem-8588	339	54	1.984	1.984	NUM
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dem-8588	339	56	*	*	SYM
dem-8588	339	57	–	–	PUNCT
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dem-8588	339	59	–	–	PUNCT
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dem-8588	339	61	3b	3b	NUM
dem-8588	339	62	–	–	PUNCT
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dem-8588	339	64	1.979	1.979	NUM
dem-8588	339	65	*	*	SYM
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dem-8588	339	68	*	*	PUNCT
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dem-8588	340	2	0.176	0.176	NUM
dem-8588	340	3	1.021	1.021	NUM
dem-8588	340	4	6.769	6.769	NUM
dem-8588	340	5	1.071	1.071	NUM
dem-8588	340	6	12.335	12.335	NUM
dem-8588	340	7	–	–	PUNCT
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dem-8588	340	9	0.978	0.978	NUM
dem-8588	340	10	4b	4b	NOUN
dem-8588	340	11	0.718	0.718	NUM
dem-8588	340	12	2.126	2.126	NUM
dem-8588	340	13	5.249	5.249	NUM
dem-8588	340	14	3.567	3.567	NUM
dem-8588	340	15	9.275	9.275	NUM
dem-8588	340	16	0.033	0.033	NUM
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dem-8588	340	18	–	–	PUNCT
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dem-8588	340	20	–	–	PUNCT
dem-8588	340	21	2.865	2.865	NUM
dem-8588	340	22	11.356	11.356	NUM
dem-8588	340	23	–	–	PUNCT
dem-8588	340	24	5.348	5.348	NUM
dem-8588	340	25	0.985	0.985	NUM
dem-8588	340	26	5b	5b	NUM
dem-8588	340	27	–	–	PUNCT
dem-8588	340	28	1.033	1.033	NUM
dem-8588	340	29	0.104	0.104	NUM
dem-8588	340	30	0.689	0.689	NUM
dem-8588	340	31	1.011	1.011	NUM
dem-8588	340	32	–	–	PUNCT
dem-8588	340	33	2.722	2.722	NUM
dem-8588	340	34	0.269	0.269	NUM
dem-8588	340	35	2.103	2.103	NUM
dem-8588	340	36	–	–	PUNCT
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dem-8588	340	38	–	–	PUNCT
dem-8588	340	39	7.695	7.695	NUM
dem-8588	340	40	*	*	NUM
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dem-8588	340	42	–	–	PUNCT
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dem-8588	340	44	–	–	PUNCT
dem-8588	340	45	0.155	0.155	NUM
dem-8588	340	46	lm	lm	NUM
dem-8588	340	47	426.069	426.069	NUM
dem-8588	340	48	[	[	X
dem-8588	340	49	0.000	0.000	NUM
dem-8588	340	50	]	]	X
dem-8588	340	51	0.153	0.153	NUM
dem-8588	341	1	[	[	X
dem-8588	341	2	0.999	0.999	NUM
dem-8588	341	3	]	]	PUNCT
dem-8588	341	4	613.836	613.836	NUM
dem-8588	342	1	[	[	X
dem-8588	342	2	0.000	0.000	NUM
dem-8588	342	3	]	]	PUNCT
dem-8588	342	4	0.173	0.173	NUM
dem-8588	343	1	[	[	X
dem-8588	343	2	0.999	0.999	NUM
dem-8588	343	3	]	]	PUNCT
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dem-8588	378	94	–	–	PUNCT
dem-8588	378	95	–	–	PUNCT
dem-8588	378	96	1.06	1.06	NUM
dem-8588	378	97	*	*	NOUN
dem-8588	378	98	*	*	PUNCT
dem-8588	378	99	*	*	PUNCT
dem-8588	378	100	–	–	PUNCT
dem-8588	378	101	–	–	PUNCT
dem-8588	378	102	0.56	0.56	NUM
dem-8588	378	103	*	*	PUNCT
dem-8588	378	104	*	*	PUNCT
dem-8588	378	105	*	*	PUNCT
dem-8588	378	106	–	–	PUNCT
dem-8588	378	107	0.98	0.98	NUM
dem-8588	378	108	*	*	PUNCT
dem-8588	378	109	*	*	PUNCT
dem-8588	378	110	*	*	PUNCT
dem-8588	378	111	–	–	PUNCT
dem-8588	378	112	0.24	0.24	NUM
dem-8588	378	113	*	*	PUNCT
dem-8588	378	114	*	*	PUNCT
dem-8588	378	115	*	*	PUNCT
dem-8588	378	116	–	–	PUNCT
dem-8588	378	117	0.63	0.63	NUM
dem-8588	378	118	*	*	PUNCT
dem-8588	378	119	*	*	PUNCT
dem-8588	378	120	*	*	PUNCT
dem-8588	378	121	–	–	PUNCT
dem-8588	378	122	1.01	1.01	NUM
dem-8588	378	123	*	*	PUNCT
dem-8588	378	124	*	*	PUNCT
dem-8588	378	125	*	*	PUNCT
dem-8588	378	126	–	–	PUNCT
dem-8588	378	127	0.88	0.88	NUM
dem-8588	378	128	*	*	PUNCT
dem-8588	378	129	–	–	PUNCT
dem-8588	378	130	0.21	0.21	NUM
dem-8588	378	131	*	*	PUNCT
dem-8588	378	132	*	*	PUNCT
dem-8588	378	133	*	*	PUNCT
dem-8588	378	134	–	–	PUNCT
dem-8588	378	135	–	–	PUNCT
dem-8588	378	136	0.55	0.55	NUM
dem-8588	378	137	*	*	PUNCT
dem-8588	378	138	*	*	PUNCT
dem-8588	378	139	*	*	PUNCT
dem-8588	378	140	–	–	PUNCT
dem-8588	378	141	–	–	PUNCT
dem-8588	378	142	5.10	5.10	NUM
dem-8588	378	143	*	*	PUNCT
dem-8588	378	144	*	*	PUNCT
dem-8588	378	145	*	*	PUNCT
dem-8588	378	146	0.44	0.44	NUM
dem-8588	378	147	*	*	PUNCT
dem-8588	378	148	*	*	PUNCT
dem-8588	378	149	*	*	PUNCT
dem-8588	378	150	0.87	0.87	NUM
dem-8588	378	151	*	*	PUNCT
dem-8588	378	152	*	*	PUNCT
dem-8588	378	153	*	*	PUNCT
dem-8588	378	154	0.86	0.86	NUM
dem-8588	378	155	*	*	PUNCT
dem-8588	378	156	*	*	PUNCT
dem-8588	378	157	*	*	PUNCT
dem-8588	378	158	1.22	1.22	NUM
dem-8588	378	159	*	*	PUNCT
dem-8588	378	160	*	*	PUNCT
dem-8588	378	161	*	*	PUNCT
dem-8588	378	162	0.98	0.98	NUM
dem-8588	378	163	*	*	PUNCT
dem-8588	378	164	*	*	PUNCT
dem-8588	378	165	*	*	PUNCT
dem-8588	378	166	0.93	0.93	NUM
dem-8588	378	167	*	*	PUNCT
dem-8588	378	168	*	*	PUNCT
dem-8588	378	169	*	*	PUNCT
dem-8588	378	170	1.11	1.11	NUM
dem-8588	378	171	*	*	PUNCT
dem-8588	378	172	*	*	PUNCT
dem-8588	378	173	*	*	PUNCT
dem-8588	378	174	0.92	0.92	NUM
dem-8588	378	175	*	*	PUNCT
dem-8588	378	176	*	*	PUNCT
dem-8588	378	177	*	*	PUNCT
dem-8588	378	178	1.08	1.08	NUM
dem-8588	378	179	*	*	PUNCT
dem-8588	378	180	*	*	PUNCT
dem-8588	378	181	*	*	PUNCT
dem-8588	378	182	1.02	1.02	NUM
dem-8588	378	183	*	*	PUNCT
dem-8588	378	184	*	*	PUNCT
dem-8588	378	185	*	*	PUNCT
dem-8588	378	186	0.21	0.21	NUM
dem-8588	378	187	0.98	0.98	NUM
dem-8588	378	188	*	*	PUNCT
dem-8588	378	189	*	*	PUNCT
dem-8588	378	190	*	*	PUNCT
dem-8588	378	191	0.02	0.02	NUM
dem-8588	378	192	0.55	0.55	NUM
dem-8588	378	193	*	*	PUNCT
dem-8588	378	194	*	*	PUNCT
dem-8588	378	195	*	*	PUNCT
dem-8588	378	196	0.04	0.04	NUM
dem-8588	378	197	*	*	PUNCT
dem-8588	378	198	–	–	PUNCT
dem-8588	378	199	–	–	PUNCT
dem-8588	378	200	–	–	PUNCT
dem-8588	378	201	–	–	PUNCT
dem-8588	378	202	0.27	0.27	NUM
dem-8588	378	203	*	*	NUM
dem-8588	378	204	–	–	PUNCT
dem-8588	378	205	–	–	PUNCT
dem-8588	378	206	–	–	PUNCT
dem-8588	378	207	0.12	0.12	NUM
dem-8588	378	208	*	*	NUM
dem-8588	378	209	–	–	PUNCT
dem-8588	378	210	–	–	PUNCT
dem-8588	378	211	0.11	0.11	NUM
dem-8588	378	212	–	–	PUNCT
dem-8588	378	213	0.07	0.07	NUM
dem-8588	378	214	–	–	PUNCT
dem-8588	378	215	–	–	PUNCT
dem-8588	378	216	0.60	0.60	NUM
dem-8588	378	217	–	–	PUNCT
dem-8588	378	218	0.10	0.10	NUM
dem-8588	378	219	*	*	PUNCT
dem-8588	378	220	*	*	PUNCT
dem-8588	378	221	*	*	PUNCT
dem-8588	378	222	ll	ll	INTJ
dem-8588	378	223	–	–	PUNCT
dem-8588	378	224	8207	8207	NUM
dem-8588	378	225	–	–	PUNCT
dem-8588	378	226	10416	10416	NUM
dem-8588	378	227	–	–	PUNCT
dem-8588	378	228	10081	10081	NUM
dem-8588	378	229	–	–	SYM
dem-8588	378	230	10413	10413	NUM
dem-8588	378	231	–	–	PUNCT
dem-8588	378	232	3702	3702	NUM
dem-8588	378	233	–	–	PUNCT
dem-8588	378	234	11568	11568	NUM
dem-8588	378	235	–	–	PUNCT
dem-8588	378	236	8918	8918	NUM
dem-8588	378	237	–	–	PUNCT
dem-8588	378	238	9601	9601	NUM
dem-8588	378	239	–	–	PUNCT
dem-8588	378	240	11323	11323	NUM
dem-8588	378	241	–	–	PUNCT
dem-8588	378	242	9286	9286	NUM
dem-8588	378	243	–	–	PUNCT
dem-8588	378	244	10357	10357	NUM
dem-8588	378	245	–	–	PUNCT
dem-8588	378	246	9822	9822	NUM
dem-8588	378	247	–	–	PUNCT
dem-8588	378	248	8045	8045	NUM
dem-8588	378	249	–	–	PUNCT
dem-8588	378	250	10613	10613	NUM
dem-8588	378	251	206	206	NUM
dem-8588	378	252	note	note	NOUN
dem-8588	378	253	:	:	PUNCT
dem-8588	378	254	the	the	DET
dem-8588	378	255	variance	variance	NOUN
dem-8588	378	256	-	-	PUNCT
dem-8588	378	257	covariance	covariance	NOUN
dem-8588	378	258	matrix	matrix	NOUN
dem-8588	378	259	of	of	ADP
dem-8588	378	260	the	the	DET
dem-8588	378	261	estimated	estimate	VERB
dem-8588	378	262	parameters	parameter	NOUN
dem-8588	378	263	of	of	ADP
dem-8588	378	264	the	the	DET
dem-8588	378	265	model	model	NOUN
dem-8588	378	266	(	(	PUNCT
dem-8588	378	267	3	3	X
dem-8588	378	268	)	)	PUNCT
dem-8588	378	269	is	be	AUX
dem-8588	378	270	based	base	VERB
dem-8588	378	271	on	on	ADP
dem-8588	378	272	the	the	DET
dem-8588	378	273	qml	qml	PROPN
dem-8588	378	274	algorithm	algorithm	NOUN
dem-8588	378	275	(	(	PUNCT
dem-8588	378	276	bollerslev	bollerslev	PROPN
dem-8588	378	277	,	,	PUNCT
dem-8588	378	278	wooldridge	wooldridge	PROPN
dem-8588	378	279	,	,	PUNCT
dem-8588	378	280	1992	1992	NUM
dem-8588	378	281	)	)	PUNCT
dem-8588	378	282	;	;	PUNCT
dem-8588	378	283	the	the	DET
dem-8588	378	284	distribution	distribution	NOUN
dem-8588	378	285	for	for	ADP
dem-8588	378	286	the	the	DET
dem-8588	378	287	innovations	innovation	NOUN
dem-8588	378	288	is	be	AUX
dem-8588	378	289	supposed	suppose	VERB
dem-8588	378	290	to	to	PART
dem-8588	378	291	be	be	AUX
dem-8588	378	292	normal	normal	ADJ
dem-8588	378	293	;	;	PUNCT
dem-8588	378	294	*	*	PUNCT
dem-8588	378	295	*	*	PUNCT
dem-8588	378	296	(	(	PUNCT
dem-8588	378	297	*	*	PUNCT
dem-8588	378	298	*	*	PUNCT
dem-8588	378	299	*	*	NOUN
dem-8588	378	300	,	,	PUNCT
dem-8588	378	301	*	*	PUNCT
dem-8588	378	302	)	)	PUNCT
dem-8588	378	303	–	–	PUNCT
dem-8588	378	304	indicates	indicate	VERB
dem-8588	378	305	statistical	statistical	ADJ
dem-8588	378	306	significance	significance	NOUN
dem-8588	378	307	at	at	ADP
dem-8588	378	308	5	5	NUM
dem-8588	378	309	per	per	NOUN
dem-8588	378	310	cent	cent	NOUN
dem-8588	378	311	(	(	PUNCT
dem-8588	378	312	1	1	NUM
dem-8588	378	313	per	per	ADP
dem-8588	378	314	cent	cent	NOUN
dem-8588	378	315	,	,	PUNCT
dem-8588	378	316	10	10	NUM
dem-8588	378	317	per	per	ADP
dem-8588	378	318	cent	cent	NOUN
dem-8588	378	319	)	)	PUNCT
dem-8588	378	320	significance	significance	NOUN
dem-8588	378	321	level	level	NOUN
dem-8588	378	322	.	.	PUNCT
dem-8588	379	1	0α	0α	PROPN
dem-8588	379	2	1α	1α	NUM
dem-8588	379	3	2α	2α	PROPN
dem-8588	379	4	1β	1β	NUM
dem-8588	379	5	2β	2β	NOUN
dem-8588	379	6	table	table	NOUN
dem-8588	379	7	5	5	NUM
dem-8588	379	8	.	.	PUNCT
dem-8588	379	9	estimation	estimation	NOUN
dem-8588	379	10	results	result	NOUN
dem-8588	379	11	of	of	ADP
dem-8588	379	12	model	model	NOUN
dem-8588	379	13	(	(	PUNCT
dem-8588	379	14	3	3	NUM
dem-8588	379	15	)	)	PUNCT
dem-8588	379	16	,	,	PUNCT
dem-8588	379	17	garch(p	garch(p	PROPN
dem-8588	379	18	,	,	PUNCT
dem-8588	379	19	q	q	NOUN
dem-8588	379	20	)	)	PUNCT
dem-8588	379	21	,	,	PUNCT
dem-8588	379	22	monday	monday	PROPN
dem-8588	379	23	dummy	dummy	ADJ
dem-8588	379	24	variable	variable	NOUN
dem-8588	379	25	excluded	exclude	VERB
dem-8588	379	26	,	,	PUNCT
dem-8588	379	27	the	the	DET
dem-8588	379	28	medium	medium	ADJ
dem-8588	379	29	group	group	NOUN
dem-8588	379	30	medium	medium	NOUN
dem-8588	379	31	group	group	NOUN
dem-8588	379	32	alm	alm	PROPN
dem-8588	379	33	amc	amc	PROPN
dem-8588	379	34	atm	atm	PROPN
dem-8588	379	35	col	col	PROPN
dem-8588	379	36	ltx	ltx	PROPN
dem-8588	379	37	mci	mci	PROPN
dem-8588	379	38	mni	mni	PROPN
dem-8588	379	39	pek	pek	PROPN
dem-8588	379	40	stx	stx	PROPN
dem-8588	379	41	stf	stf	PROPN
dem-8588	379	42	vst	vst	PROPN
dem-8588	379	43	conditional	conditional	ADJ
dem-8588	379	44	mean	mean	NOUN
dem-8588	379	45	equation	equation	NOUN
dem-8588	379	46	2b	2b	VERB
dem-8588	379	47	0.356	0.356	NUM
dem-8588	379	48	0.915	0.915	NUM
dem-8588	379	49	1.307	1.307	NUM
dem-8588	379	50	0.146	0.146	NUM
dem-8588	379	51	2.545	2.545	NUM
dem-8588	379	52	1.344	1.344	NUM
dem-8588	379	53	4.570	4.570	NUM
dem-8588	379	54	1.322	1.322	NUM
dem-8588	379	55	–	–	PUNCT
dem-8588	379	56	1.637	1.637	NUM
dem-8588	379	57	2.092	2.092	NUM
dem-8588	379	58	*	*	PUNCT
dem-8588	379	59	*	*	PUNCT
dem-8588	379	60	0.436	0.436	NUM
dem-8588	379	61	3b	3b	NUM
dem-8588	379	62	–	–	PUNCT
dem-8588	379	63	1.222	1.222	NUM
dem-8588	379	64	2.788	2.788	NUM
dem-8588	379	65	1.678	1.678	NUM
dem-8588	379	66	*	*	NOUN
dem-8588	379	67	–	–	PUNCT
dem-8588	379	68	0.723	0.723	NUM
dem-8588	379	69	0.246	0.246	NUM
dem-8588	380	1	2.157	2.157	NUM
dem-8588	380	2	5.974	5.974	NUM
dem-8588	380	3	0.843	0.843	NUM
dem-8588	380	4	9.686	9.686	NUM
dem-8588	380	5	*	*	PUNCT
dem-8588	380	6	*	*	PUNCT
dem-8588	380	7	*	*	PUNCT
dem-8588	380	8	–	–	PUNCT
dem-8588	380	9	0.127	0.127	NUM
dem-8588	380	10	–	–	PUNCT
dem-8588	380	11	0.013	0.013	NUM
dem-8588	380	12	4b	4b	NOUN
dem-8588	380	13	0.202	0.202	NUM
dem-8588	380	14	3.672	3.672	NUM
dem-8588	380	15	1.873	1.873	NUM
dem-8588	380	16	*	*	SYM
dem-8588	380	17	*	*	PUNCT
dem-8588	380	18	–	–	PUNCT
dem-8588	380	19	0.022	0.022	NUM
dem-8588	380	20	–	–	PUNCT
dem-8588	380	21	1.214	1.214	NUM
dem-8588	380	22	0.025	0.025	NUM
dem-8588	380	23	13.307	13.307	NUM
dem-8588	380	24	1.051	1.051	NUM
dem-8588	380	25	–	–	PUNCT
dem-8588	380	26	0.607	0.607	NUM
dem-8588	380	27	2.837	2.837	NUM
dem-8588	380	28	*	*	PUNCT
dem-8588	380	29	*	*	PUNCT
dem-8588	380	30	*	*	PUNCT
dem-8588	380	31	–	–	PUNCT
dem-8588	380	32	0.067	0.067	NUM
dem-8588	380	33	5b	5b	NUM
dem-8588	380	34	0.293	0.293	NUM
dem-8588	380	35	0.984	0.984	NUM
dem-8588	380	36	0.182	0.182	NUM
dem-8588	380	37	–	–	PUNCT
dem-8588	380	38	0.166	0.166	NUM
dem-8588	380	39	–	–	PUNCT
dem-8588	380	40	0.887	0.887	NUM
dem-8588	380	41	0.825	0.825	NUM
dem-8588	380	42	1.569	1.569	NUM
dem-8588	380	43	0.772	0.772	NUM
dem-8588	380	44	1.870	1.870	NUM
dem-8588	380	45	1.392	1.392	NUM
dem-8588	380	46	0.755	0.755	NUM
dem-8588	380	47	conditional	conditional	ADJ
dem-8588	380	48	variance	variance	NOUN
dem-8588	380	49	equation	equation	NOUN
dem-8588	380	50	22.65	22.65	NUM
dem-8588	380	51	*	*	PUNCT
dem-8588	380	52	*	*	PUNCT
dem-8588	380	53	*	*	PUNCT
dem-8588	380	54	300.9	300.9	NUM
dem-8588	380	55	*	*	PUNCT
dem-8588	380	56	*	*	PUNCT
dem-8588	380	57	*	*	PUNCT
dem-8588	380	58	1.773	1.773	NUM
dem-8588	380	59	46.40	46.40	NUM
dem-8588	380	60	*	*	PUNCT
dem-8588	380	61	*	*	PUNCT
dem-8588	380	62	3.142	3.142	NUM
dem-8588	380	63	*	*	NUM
dem-8588	380	64	1.647	1.647	NUM
dem-8588	380	65	17.07	17.07	NUM
dem-8588	380	66	*	*	PUNCT
dem-8588	380	67	*	*	PUNCT
dem-8588	380	68	*	*	PUNCT
dem-8588	380	69	8.132	8.132	NUM
dem-8588	380	70	*	*	PUNCT
dem-8588	380	71	*	*	PUNCT
dem-8588	380	72	*	*	PUNCT
dem-8588	380	73	20.584	20.584	NUM
dem-8588	380	74	8.344	8.344	NUM
dem-8588	380	75	0.102	0.102	NUM
dem-8588	380	76	0.663	0.663	NUM
dem-8588	380	77	0.760	0.760	NUM
dem-8588	380	78	*	*	PUNCT
dem-8588	380	79	*	*	PUNCT
dem-8588	380	80	0.020	0.020	NUM
dem-8588	380	81	*	*	PUNCT
dem-8588	380	82	0.488	0.488	NUM
dem-8588	380	83	*	*	PUNCT
dem-8588	380	84	*	*	PUNCT
dem-8588	380	85	*	*	PUNCT
dem-8588	380	86	1.033	1.033	NUM
dem-8588	380	87	*	*	PUNCT
dem-8588	380	88	*	*	PUNCT
dem-8588	380	89	*	*	PUNCT
dem-8588	380	90	0.575	0.575	NUM
dem-8588	380	91	*	*	PUNCT
dem-8588	380	92	*	*	PUNCT
dem-8588	380	93	*	*	PUNCT
dem-8588	380	94	1.002	1.002	NUM
dem-8588	380	95	*	*	PUNCT
dem-8588	380	96	*	*	PUNCT
dem-8588	380	97	*	*	PUNCT
dem-8588	380	98	0.058	0.058	NUM
dem-8588	380	99	*	*	PUNCT
dem-8588	380	100	*	*	PUNCT
dem-8588	380	101	*	*	PUNCT
dem-8588	380	102	2.405	2.405	NUM
dem-8588	380	103	*	*	SYM
dem-8588	380	104	*	*	PUNCT
dem-8588	380	105	0.118	0.118	NUM
dem-8588	380	106	*	*	SYM
dem-8588	380	107	0.120	0.120	NUM
dem-8588	380	108	–	–	PUNCT
dem-8588	380	109	0.529	0.529	NUM
dem-8588	380	110	–	–	PUNCT
dem-8588	380	111	0.197	0.197	NUM
dem-8588	380	112	*	*	NOUN
dem-8588	380	113	*	*	PUNCT
dem-8588	380	114	–	–	PUNCT
dem-8588	380	115	–	–	PUNCT
dem-8588	380	116	0.919	0.919	NUM
dem-8588	380	117	*	*	PUNCT
dem-8588	380	118	*	*	PUNCT
dem-8588	380	119	*	*	PUNCT
dem-8588	380	120	–	–	PUNCT
dem-8588	380	121	0.548	0.548	NUM
dem-8588	380	122	*	*	PUNCT
dem-8588	380	123	*	*	PUNCT
dem-8588	380	124	*	*	PUNCT
dem-8588	380	125	–	–	PUNCT
dem-8588	380	126	0.930	0.930	NUM
dem-8588	380	127	*	*	PUNCT
dem-8588	380	128	*	*	PUNCT
dem-8588	380	129	*	*	PUNCT
dem-8588	380	130	–	–	PUNCT
dem-8588	380	131	–	–	PUNCT
dem-8588	380	132	–	–	PUNCT
dem-8588	380	133	0.771	0.771	NUM
dem-8588	380	134	0.854	0.854	NUM
dem-8588	380	135	*	*	PUNCT
dem-8588	380	136	*	*	PUNCT
dem-8588	380	137	*	*	PUNCT
dem-8588	380	138	–	–	PUNCT
dem-8588	380	139	0.006	0.006	NUM
dem-8588	380	140	0.019	0.019	NUM
dem-8588	380	141	–	–	PUNCT
dem-8588	380	142	0.009	0.009	NUM
dem-8588	380	143	*	*	PUNCT
dem-8588	380	144	*	*	PUNCT
dem-8588	380	145	*	*	PUNCT
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dem-8588	380	147	*	*	PUNCT
dem-8588	380	148	*	*	PUNCT
dem-8588	380	149	*	*	PUNCT
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dem-8588	380	151	*	*	PUNCT
dem-8588	380	152	*	*	PUNCT
dem-8588	380	153	*	*	PUNCT
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dem-8588	380	155	*	*	PUNCT
dem-8588	380	156	*	*	PUNCT
dem-8588	380	157	*	*	PUNCT
dem-8588	380	158	–	–	PUNCT
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dem-8588	380	160	*	*	PUNCT
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dem-8588	380	162	–	–	PUNCT
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dem-8588	380	165	*	*	PUNCT
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dem-8588	380	167	*	*	PROPN
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dem-8588	380	169	–	–	PUNCT
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dem-8588	380	172	*	*	NOUN
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dem-8588	380	174	*	*	PUNCT
dem-8588	380	175	*	*	PUNCT
dem-8588	380	176	*	*	X
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dem-8588	380	178	–	–	PUNCT
dem-8588	380	179	–	–	PUNCT
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dem-8588	380	181	–	–	PUNCT
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dem-8588	380	183	*	*	PUNCT
dem-8588	380	184	*	*	PUNCT
dem-8588	380	185	*	*	PUNCT
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dem-8588	380	187	*	*	NOUN
dem-8588	380	188	*	*	PUNCT
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dem-8588	380	190	*	*	PUNCT
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dem-8588	380	192	*	*	VERB
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dem-8588	380	194	ll	ll	NOUN
dem-8588	380	195	–	–	PUNCT
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dem-8588	380	197	–	–	PUNCT
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dem-8588	380	199	–	–	PUNCT
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dem-8588	380	201	–	–	PUNCT
dem-8588	380	202	8995	8995	NUM
dem-8588	380	203	–	–	PUNCT
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dem-8588	380	205	–	–	PUNCT
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dem-8588	380	207	–	–	SYM
dem-8588	380	208	12368	12368	NUM
dem-8588	380	209	–	–	PUNCT
dem-8588	380	210	10248	10248	NUM
dem-8588	380	211	–	–	SYM
dem-8588	380	212	11052	11052	NUM
dem-8588	380	213	–	–	SYM
dem-8588	380	214	10560	10560	NUM
dem-8588	380	215	–	–	PUNCT
dem-8588	380	216	11631	11631	NUM
dem-8588	380	217	note	note	NOUN
dem-8588	380	218	:	:	PUNCT
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dem-8588	380	220	table	table	NOUN
dem-8588	380	221	4	4	NUM
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dem-8588	380	223	explanation	explanation	NOUN
dem-8588	380	224	.	.	PUNCT
dem-8588	381	1	0α	0α	PROPN
dem-8588	381	2	1α	1α	NUM
dem-8588	381	3	2α	2α	PROPN
dem-8588	381	4	1β	1β	NUM
dem-8588	381	5	2β	2β	NOUN
dem-8588	381	6	table	table	NOUN
dem-8588	381	7	6	6	NUM
dem-8588	381	8	.	.	PUNCT
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dem-8588	382	2	results	result	NOUN
dem-8588	382	3	of	of	ADP
dem-8588	382	4	model	model	NOUN
dem-8588	382	5	(	(	PUNCT
dem-8588	382	6	3	3	NUM
dem-8588	382	7	)	)	PUNCT
dem-8588	382	8	,	,	PUNCT
dem-8588	382	9	garch(p	garch(p	PROPN
dem-8588	382	10	,	,	PUNCT
dem-8588	382	11	q	q	NOUN
dem-8588	382	12	)	)	PUNCT
dem-8588	382	13	,	,	PUNCT
dem-8588	382	14	monday	monday	PROPN
dem-8588	382	15	dummy	dummy	ADJ
dem-8588	382	16	variable	variable	NOUN
dem-8588	382	17	excluded	exclude	VERB
dem-8588	382	18	,	,	PUNCT
dem-8588	382	19	the	the	DET
dem-8588	382	20	small	small	ADJ
dem-8588	382	21	group	group	NOUN
dem-8588	382	22	small	small	ADJ
dem-8588	382	23	group	group	NOUN
dem-8588	382	24	apl	apl	PROPN
dem-8588	382	25	bdl	bdl	PROPN
dem-8588	382	26	efk	efk	PROPN
dem-8588	382	27	enp	enp	PROPN
dem-8588	382	28	kmp	kmp	PROPN
dem-8588	382	29	mza	mza	PROPN
dem-8588	382	30	pla	pla	PROPN
dem-8588	382	31	sme	sme	PROPN
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dem-8588	383	2	mean	mean	PROPN
dem-8588	383	3	equation	equation	NOUN
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dem-8588	383	5	0.867	0.867	NUM
dem-8588	383	6	–	–	PUNCT
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dem-8588	383	8	*	*	PUNCT
dem-8588	383	9	–	–	PUNCT
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dem-8588	383	11	0.370	0.370	NUM
dem-8588	383	12	–	–	PUNCT
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dem-8588	383	14	2.822	2.822	NUM
dem-8588	383	15	*	*	PUNCT
dem-8588	383	16	*	*	PUNCT
dem-8588	383	17	–	–	PUNCT
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dem-8588	383	19	–	–	PUNCT
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dem-8588	383	21	3b	3b	NOUN
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dem-8588	383	23	–	–	PUNCT
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dem-8588	383	25	*	*	NOUN
dem-8588	383	26	*	*	PUNCT
dem-8588	383	27	–	–	PUNCT
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dem-8588	383	34	*	*	PUNCT
dem-8588	383	35	–	–	PUNCT
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dem-8588	383	37	0.203	0.203	NUM
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dem-8588	383	41	–	–	PUNCT
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dem-8588	383	44	*	*	SYM
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dem-8588	383	47	–	–	PUNCT
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dem-8588	383	49	*	*	PUNCT
dem-8588	383	50	*	*	PUNCT
dem-8588	383	51	*	*	PUNCT
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dem-8588	383	53	*	*	PUNCT
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dem-8588	383	55	*	*	PUNCT
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dem-8588	383	57	–	–	PUNCT
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dem-8588	383	59	–	–	PUNCT
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dem-8588	383	61	–	–	PUNCT
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dem-8588	383	67	–	–	PUNCT
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dem-8588	383	75	equation	equation	NOUN
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dem-8588	383	77	0.009	0.009	NUM
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dem-8588	383	81	*	*	PUNCT
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dem-8588	383	84	*	*	NUM
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dem-8588	384	4	*	*	PUNCT
dem-8588	384	5	*	*	PUNCT
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dem-8588	384	7	*	*	X
dem-8588	384	8	*	*	NOUN
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dem-8588	384	10	*	*	PUNCT
dem-8588	384	11	*	*	PUNCT
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dem-8588	384	13	*	*	PUNCT
dem-8588	384	14	*	*	PUNCT
dem-8588	384	15	*	*	PUNCT
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dem-8588	384	17	*	*	PUNCT
dem-8588	384	18	*	*	PUNCT
dem-8588	384	19	*	*	PUNCT
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dem-8588	384	21	*	*	PUNCT
dem-8588	384	22	*	*	PUNCT
dem-8588	384	23	*	*	PUNCT
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dem-8588	384	25	*	*	PUNCT
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dem-8588	384	27	*	*	PUNCT
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dem-8588	384	29	*	*	PUNCT
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dem-8588	384	31	–	–	PUNCT
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dem-8588	384	36	–	–	PUNCT
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dem-8588	384	47	*	*	PUNCT
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dem-8588	384	74	*	*	PUNCT
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dem-8588	384	87	–	–	PUNCT
dem-8588	384	88	–	–	PUNCT
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dem-8588	384	98	–	–	PUNCT
dem-8588	384	99	3394	3394	NUM
dem-8588	384	100	–	–	PUNCT
dem-8588	384	101	10205	10205	NUM
dem-8588	384	102	–	–	SYM
dem-8588	384	103	12904	12904	NUM
dem-8588	384	104	–	–	PUNCT
dem-8588	384	105	12458	12458	NUM
dem-8588	384	106	–	–	PUNCT
dem-8588	384	107	12211	12211	NUM
dem-8588	384	108	–	–	PUNCT
dem-8588	384	109	12636	12636	NUM
dem-8588	384	110	–	–	SYM
dem-8588	384	111	12340	12340	NUM
dem-8588	384	112	note	note	NOUN
dem-8588	384	113	:	:	PUNCT
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dem-8588	385	1	0α	0α	PROPN
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dem-8588	385	7	strona	strona	PROPN