id	sid	tid	token	lemma	pos
easat-8251	1	1	edelweiss	edelweiss	PROPN
easat-8251	1	2	applied	apply	VERB
easat-8251	1	3	science	science	NOUN
easat-8251	1	4	and	and	CCONJ
easat-8251	1	5	technology	technology	NOUN
easat-8251	1	6	issn	issn	PROPN
easat-8251	1	7	:	:	PUNCT
easat-8251	1	8	2576	2576	NUM
easat-8251	1	9	-	-	SYM
easat-8251	1	10	8484	8484	NUM
easat-8251	1	11	vol	vol	NOUN
easat-8251	1	12	.	.	PROPN
easat-8251	2	1	9	9	NUM
easat-8251	2	2	,	,	PUNCT
easat-8251	2	3	no	no	INTJ
easat-8251	2	4	.	.	NOUN
easat-8251	2	5	6	6	NUM
easat-8251	2	6	,	,	PUNCT
easat-8251	2	7	1862	1862	NUM
easat-8251	2	8	-	-	SYM
easat-8251	2	9	1874	1874	NUM
easat-8251	2	10	2025	2025	NUM
easat-8251	2	11	publisher	publisher	NOUN
easat-8251	2	12	:	:	PUNCT
easat-8251	2	13	learning	learn	VERB
easat-8251	2	14	gate	gate	NOUN
easat-8251	2	15	doi	doi	PROPN
easat-8251	2	16	:	:	PUNCT
easat-8251	2	17	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	2	18	©	©	PROPN
easat-8251	2	19	2025	2025	NUM
easat-8251	2	20	by	by	ADP
easat-8251	2	21	the	the	DET
easat-8251	2	22	authors	author	NOUN
easat-8251	2	23	;	;	PUNCT
easat-8251	2	24	licensee	licensee	PROPN
easat-8251	2	25	learning	learning	NOUN
easat-8251	2	26	gate	gate	NOUN
easat-8251	3	1	©	©	PROPN
easat-8251	3	2	2025	2025	NUM
easat-8251	3	3	by	by	ADP
easat-8251	3	4	the	the	DET
easat-8251	3	5	authors	author	NOUN
easat-8251	3	6	;	;	PUNCT
easat-8251	3	7	licensee	licensee	PROPN
easat-8251	3	8	learning	learning	NOUN
easat-8251	3	9	gate	gate	NOUN
easat-8251	3	10	history	history	NOUN
easat-8251	3	11	:	:	PUNCT
easat-8251	3	12	received	receive	VERB
easat-8251	3	13	:	:	PUNCT
easat-8251	3	14	15	15	NUM
easat-8251	3	15	april	april	PROPN
easat-8251	3	16	2025	2025	NUM
easat-8251	3	17	;	;	PUNCT
easat-8251	3	18	revised	revise	VERB
easat-8251	3	19	:	:	PUNCT
easat-8251	3	20	2	2	NUM
easat-8251	3	21	june	june	PROPN
easat-8251	3	22	2025	2025	NUM
easat-8251	3	23	;	;	PUNCT
easat-8251	3	24	accepted	accept	VERB
easat-8251	3	25	:	:	PUNCT
easat-8251	3	26	6	6	NUM
easat-8251	3	27	june	june	PROPN
easat-8251	3	28	2025	2025	NUM
easat-8251	3	29	;	;	PUNCT
easat-8251	3	30	published	publish	VERB
easat-8251	3	31	:	:	PUNCT
easat-8251	4	1	20	20	NUM
easat-8251	4	2	june	june	PROPN
easat-8251	4	3	2025	2025	NUM
easat-8251	4	4	*	*	PUNCT
easat-8251	4	5	correspondence	correspondence	NOUN
easat-8251	4	6	:	:	PUNCT
easat-8251	4	7	thutt@hvnh.edu.vn	thutt@hvnh.edu.vn	ADJ
easat-8251	4	8	financial	financial	ADJ
easat-8251	4	9	performance	performance	NOUN
easat-8251	4	10	of	of	ADP
easat-8251	4	11	securities	security	NOUN
easat-8251	4	12	firms	firm	NOUN
easat-8251	4	13	in	in	ADP
easat-8251	4	14	vietnam	vietnam	PROPN
easat-8251	4	15	:	:	PUNCT
easat-8251	4	16	the	the	DET
easat-8251	4	17	significance	significance	NOUN
easat-8251	4	18	of	of	ADP
easat-8251	4	19	business	business	NOUN
easat-8251	4	20	size	size	NOUN
easat-8251	4	21	and	and	CCONJ
easat-8251	4	22	diversification	diversification	NOUN
easat-8251	4	23	dinh	dinh	NOUN
easat-8251	4	24	hoan	hoan	X
easat-8251	4	25	nguyen1	nguyen1	PROPN
easat-8251	4	26	,	,	PUNCT
easat-8251	4	27	minh	minh	INTJ
easat-8251	4	28	duc	duc	PROPN
easat-8251	4	29	nguyen2	nguyen2	PROPN
easat-8251	4	30	,	,	PUNCT
easat-8251	4	31	thu	thu	PROPN
easat-8251	4	32	ha	ha	INTJ
easat-8251	4	33	nguyen3	nguyen3	PROPN
easat-8251	4	34	,	,	PUNCT
easat-8251	4	35	thu	thu	PROPN
easat-8251	4	36	thanh	thanh	NOUN
easat-8251	4	37	tran4	tran4	PROPN
easat-8251	4	38	*	*	SYM
easat-8251	4	39	1faculty	1faculty	NUM
easat-8251	4	40	of	of	ADP
easat-8251	4	41	economics	economic	NOUN
easat-8251	4	42	,	,	PUNCT
easat-8251	4	43	academy	academy	NOUN
easat-8251	4	44	of	of	ADP
easat-8251	4	45	finance	finance	NOUN
easat-8251	4	46	,	,	PUNCT
easat-8251	4	47	58	58	NUM
easat-8251	4	48	le	le	X
easat-8251	4	49	van	van	PROPN
easat-8251	4	50	hien	hien	PROPN
easat-8251	4	51	,	,	PUNCT
easat-8251	4	52	duc	duc	PROPN
easat-8251	4	53	thang	thang	PROPN
easat-8251	4	54	,	,	PUNCT
easat-8251	4	55	north	north	PROPN
easat-8251	4	56	tu	tu	PROPN
easat-8251	4	57	liem	liem	PROPN
easat-8251	4	58	,	,	PUNCT
easat-8251	4	59	hanoi	hanoi	PROPN
easat-8251	4	60	city	city	PROPN
easat-8251	4	61	,	,	PUNCT
easat-8251	4	62	vietnam	vietnam	PROPN
easat-8251	4	63	;	;	PUNCT
easat-8251	4	64	nguyendinhhoan@hvtc.edu.vn	nguyendinhhoan@hvtc.edu.vn	X
easat-8251	4	65	(	(	PUNCT
easat-8251	4	66	d.h.n	d.h.n	ADJ
easat-8251	4	67	.	.	PUNCT
easat-8251	4	68	)	)	PUNCT
easat-8251	4	69	.	.	PUNCT
easat-8251	5	1	2advanced	2advanced	NUM
easat-8251	5	2	corporate	corporate	ADJ
easat-8251	5	3	finance	finance	NOUN
easat-8251	5	4	program	program	NOUN
easat-8251	5	5	,	,	PUNCT
easat-8251	5	6	national	national	ADJ
easat-8251	5	7	economics	economic	NOUN
easat-8251	5	8	university	university	PROPN
easat-8251	5	9	,	,	PUNCT
easat-8251	5	10	no	no	INTJ
easat-8251	5	11	.	.	NOUN
easat-8251	5	12	207	207	NUM
easat-8251	5	13	,	,	PUNCT
easat-8251	5	14	giai	giai	PROPN
easat-8251	5	15	phong	phong	PROPN
easat-8251	5	16	,	,	PUNCT
easat-8251	5	17	hai	hai	PROPN
easat-8251	5	18	ba	ba	PROPN
easat-8251	5	19	trung	trung	PROPN
easat-8251	5	20	,	,	PUNCT
easat-8251	5	21	hanoi	hanoi	PROPN
easat-8251	5	22	city	city	PROPN
easat-8251	5	23	,	,	PUNCT
easat-8251	5	24	vietnam	vietnam	PROPN
easat-8251	5	25	.	.	PUNCT
easat-8251	5	26	3faculty	3faculty	NUM
easat-8251	5	27	of	of	ADP
easat-8251	5	28	corporate	corporate	ADJ
easat-8251	5	29	finance	finance	NOUN
easat-8251	5	30	,	,	PUNCT
easat-8251	5	31	academy	academy	NOUN
easat-8251	5	32	of	of	ADP
easat-8251	5	33	finance	finance	NOUN
easat-8251	5	34	,	,	PUNCT
easat-8251	5	35	58	58	NUM
easat-8251	5	36	le	le	X
easat-8251	5	37	van	van	PROPN
easat-8251	5	38	hien	hien	PROPN
easat-8251	5	39	,	,	PUNCT
easat-8251	5	40	duc	duc	PROPN
easat-8251	5	41	thang	thang	PROPN
easat-8251	5	42	,	,	PUNCT
easat-8251	5	43	north	north	PROPN
easat-8251	5	44	tu	tu	PROPN
easat-8251	5	45	liem	liem	PROPN
easat-8251	5	46	,	,	PUNCT
easat-8251	5	47	hanoi	hanoi	PROPN
easat-8251	5	48	city	city	PROPN
easat-8251	5	49	,	,	PUNCT
easat-8251	5	50	vietnam	vietnam	PROPN
easat-8251	5	51	;	;	PUNCT
easat-8251	5	52	nguyenthuha.aof@hvtc.edu.vn	nguyenthuha.aof@hvtc.edu.vn	PROPN
easat-8251	5	53	(	(	PUNCT
easat-8251	5	54	t.h.n	t.h.n	PROPN
easat-8251	5	55	.	.	PUNCT
easat-8251	5	56	)	)	PUNCT
easat-8251	5	57	.	.	PUNCT
easat-8251	6	1	4faculty	4faculty	NUM
easat-8251	6	2	of	of	ADP
easat-8251	6	3	finance	finance	NOUN
easat-8251	6	4	,	,	PUNCT
easat-8251	6	5	banking	banking	NOUN
easat-8251	6	6	academy	academy	PROPN
easat-8251	6	7	of	of	ADP
easat-8251	6	8	vietnam	vietnam	PROPN
easat-8251	6	9	,	,	PUNCT
easat-8251	6	10	no.12	no.12	NOUN
easat-8251	6	11	chua	chua	PROPN
easat-8251	6	12	boc	boc	PROPN
easat-8251	6	13	,	,	PUNCT
easat-8251	6	14	quang	quang	PROPN
easat-8251	6	15	trung	trung	PROPN
easat-8251	6	16	,	,	PUNCT
easat-8251	6	17	dong	dong	PROPN
easat-8251	6	18	da	da	PROPN
easat-8251	6	19	,	,	PUNCT
easat-8251	6	20	hanoi	hanoi	PROPN
easat-8251	6	21	city	city	PROPN
easat-8251	6	22	,	,	PUNCT
easat-8251	6	23	vietnam	vietnam	PROPN
easat-8251	6	24	;	;	PUNCT
easat-8251	6	25	thutt@hvnh.edu.vn	thutt@hvnh.edu.vn	ADJ
easat-8251	6	26	(	(	PUNCT
easat-8251	6	27	t.t.t	t.t.t	ADJ
easat-8251	6	28	.	.	PUNCT
easat-8251	6	29	)	)	PUNCT
easat-8251	6	30	.	.	PUNCT
easat-8251	7	1	abstract	abstract	ADV
easat-8251	7	2	:	:	PUNCT
easat-8251	7	3	this	this	DET
easat-8251	7	4	study	study	NOUN
easat-8251	7	5	investigates	investigate	VERB
easat-8251	7	6	the	the	DET
easat-8251	7	7	impact	impact	NOUN
easat-8251	7	8	of	of	ADP
easat-8251	7	9	business	business	NOUN
easat-8251	7	10	diversification	diversification	NOUN
easat-8251	7	11	and	and	CCONJ
easat-8251	7	12	firm	firm	ADJ
easat-8251	7	13	size	size	NOUN
easat-8251	7	14	on	on	ADP
easat-8251	7	15	the	the	DET
easat-8251	7	16	financial	financial	ADJ
easat-8251	7	17	performance	performance	NOUN
easat-8251	7	18	of	of	ADP
easat-8251	7	19	securities	security	NOUN
easat-8251	7	20	companies	company	NOUN
easat-8251	7	21	in	in	ADP
easat-8251	7	22	vietnam	vietnam	PROPN
easat-8251	7	23	.	.	PUNCT
easat-8251	8	1	using	use	VERB
easat-8251	8	2	secondary	secondary	ADJ
easat-8251	8	3	data	datum	NOUN
easat-8251	8	4	from	from	ADP
easat-8251	8	5	33	33	NUM
easat-8251	8	6	publicly	publicly	ADV
easat-8251	8	7	listed	list	VERB
easat-8251	8	8	securities	security	NOUN
easat-8251	8	9	firms	firm	NOUN
easat-8251	8	10	between	between	ADP
easat-8251	8	11	2010	2010	NUM
easat-8251	8	12	and	and	CCONJ
easat-8251	8	13	2024	2024	NUM
easat-8251	8	14	,	,	PUNCT
easat-8251	8	15	the	the	DET
easat-8251	8	16	research	research	NOUN
easat-8251	8	17	analyzes	analyze	VERB
easat-8251	8	18	the	the	DET
easat-8251	8	19	effects	effect	NOUN
easat-8251	8	20	of	of	ADP
easat-8251	8	21	different	different	ADJ
easat-8251	8	22	business	business	NOUN
easat-8251	8	23	lines	line	NOUN
easat-8251	8	24	—	—	PUNCT
easat-8251	8	25	proprietary	proprietary	ADJ
easat-8251	8	26	trading	trading	NOUN
easat-8251	8	27	,	,	PUNCT
easat-8251	8	28	brokerage	brokerage	NOUN
easat-8251	8	29	,	,	PUNCT
easat-8251	8	30	consulting	consulting	NOUN
easat-8251	8	31	,	,	PUNCT
easat-8251	8	32	and	and	CCONJ
easat-8251	8	33	lending	lending	NOUN
easat-8251	8	34	—	—	PUNCT
easat-8251	8	35	on	on	ADP
easat-8251	8	36	financial	financial	ADJ
easat-8251	8	37	outcomes	outcome	NOUN
easat-8251	8	38	through	through	ADP
easat-8251	8	39	quantitative	quantitative	ADJ
easat-8251	8	40	methods	method	NOUN
easat-8251	8	41	.	.	PUNCT
easat-8251	9	1	the	the	DET
easat-8251	9	2	findings	finding	NOUN
easat-8251	9	3	reveal	reveal	VERB
easat-8251	9	4	that	that	SCONJ
easat-8251	9	5	both	both	PRON
easat-8251	9	6	firm	firm	ADJ
easat-8251	9	7	size	size	NOUN
easat-8251	9	8	and	and	CCONJ
easat-8251	9	9	diversification	diversification	NOUN
easat-8251	9	10	have	have	VERB
easat-8251	9	11	a	a	DET
easat-8251	9	12	significant	significant	ADJ
easat-8251	9	13	impact	impact	NOUN
easat-8251	9	14	on	on	ADP
easat-8251	9	15	performance	performance	NOUN
easat-8251	9	16	,	,	PUNCT
easat-8251	9	17	with	with	ADP
easat-8251	9	18	positive	positive	ADJ
easat-8251	9	19	effects	effect	NOUN
easat-8251	9	20	observed	observe	VERB
easat-8251	9	21	for	for	ADP
easat-8251	9	22	business	business	NOUN
easat-8251	9	23	,	,	PUNCT
easat-8251	9	24	consulting	consulting	NOUN
easat-8251	9	25	,	,	PUNCT
easat-8251	9	26	and	and	CCONJ
easat-8251	9	27	brokerage	brokerage	NOUN
easat-8251	9	28	activities	activity	NOUN
easat-8251	9	29	.	.	PUNCT
easat-8251	10	1	in	in	ADP
easat-8251	10	2	contrast	contrast	NOUN
easat-8251	10	3	,	,	PUNCT
easat-8251	10	4	lending	lending	NOUN
easat-8251	10	5	activities	activity	NOUN
easat-8251	10	6	are	be	AUX
easat-8251	10	7	associated	associate	VERB
easat-8251	10	8	with	with	ADP
easat-8251	10	9	negative	negative	ADJ
easat-8251	10	10	results	result	NOUN
easat-8251	10	11	.	.	PUNCT
easat-8251	11	1	these	these	DET
easat-8251	11	2	outcomes	outcome	NOUN
easat-8251	11	3	confirm	confirm	VERB
easat-8251	11	4	that	that	SCONJ
easat-8251	11	5	diversification	diversification	NOUN
easat-8251	11	6	benefits	benefit	VERB
easat-8251	11	7	securities	security	NOUN
easat-8251	11	8	firms	firm	NOUN
easat-8251	11	9	in	in	ADP
easat-8251	11	10	vietnam	vietnam	PROPN
easat-8251	11	11	,	,	PUNCT
easat-8251	11	12	although	although	SCONJ
easat-8251	11	13	the	the	DET
easat-8251	11	14	effects	effect	NOUN
easat-8251	11	15	vary	vary	VERB
easat-8251	11	16	across	across	ADP
easat-8251	11	17	different	different	ADJ
easat-8251	11	18	activities	activity	NOUN
easat-8251	11	19	.	.	PUNCT
easat-8251	12	1	the	the	DET
easat-8251	12	2	study	study	NOUN
easat-8251	12	3	contributes	contribute	VERB
easat-8251	12	4	to	to	ADP
easat-8251	12	5	the	the	DET
easat-8251	12	6	existing	exist	VERB
easat-8251	12	7	literature	literature	NOUN
easat-8251	12	8	by	by	ADP
easat-8251	12	9	providing	provide	VERB
easat-8251	12	10	empirical	empirical	ADJ
easat-8251	12	11	evidence	evidence	NOUN
easat-8251	12	12	over	over	ADP
easat-8251	12	13	14	14	NUM
easat-8251	12	14	years	year	NOUN
easat-8251	12	15	and	and	CCONJ
easat-8251	12	16	highlights	highlight	NOUN
easat-8251	12	17	that	that	SCONJ
easat-8251	12	18	strategic	strategic	ADJ
easat-8251	12	19	diversification	diversification	NOUN
easat-8251	12	20	can	can	AUX
easat-8251	12	21	enhance	enhance	VERB
easat-8251	12	22	or	or	CCONJ
easat-8251	12	23	hinder	hinder	VERB
easat-8251	12	24	financial	financial	ADJ
easat-8251	12	25	success	success	NOUN
easat-8251	12	26	depending	depend	VERB
easat-8251	12	27	on	on	ADP
easat-8251	12	28	the	the	DET
easat-8251	12	29	operational	operational	ADJ
easat-8251	12	30	focus	focus	NOUN
easat-8251	12	31	.	.	PUNCT
easat-8251	13	1	practical	practical	ADJ
easat-8251	13	2	implications	implication	NOUN
easat-8251	13	3	suggest	suggest	VERB
easat-8251	13	4	that	that	SCONJ
easat-8251	13	5	securities	security	NOUN
easat-8251	13	6	firms	firm	NOUN
easat-8251	13	7	and	and	CCONJ
easat-8251	13	8	vietnamese	vietnamese	ADJ
easat-8251	13	9	authorities	authority	NOUN
easat-8251	13	10	can	can	AUX
easat-8251	13	11	leverage	leverage	VERB
easat-8251	13	12	these	these	DET
easat-8251	13	13	insights	insight	NOUN
easat-8251	13	14	to	to	PART
easat-8251	13	15	optimize	optimize	VERB
easat-8251	13	16	diversification	diversification	NOUN
easat-8251	13	17	strategies	strategy	NOUN
easat-8251	13	18	and	and	CCONJ
easat-8251	13	19	better	well	ADJ
easat-8251	13	20	prepare	prepare	VERB
easat-8251	13	21	for	for	ADP
easat-8251	13	22	vietnam	vietnam	PROPN
easat-8251	13	23	’s	’s	PART
easat-8251	13	24	emerging	emerge	VERB
easat-8251	13	25	stock	stock	NOUN
easat-8251	13	26	market	market	NOUN
easat-8251	13	27	landscape	landscape	NOUN
easat-8251	13	28	,	,	PUNCT
easat-8251	13	29	supporting	support	VERB
easat-8251	13	30	sustained	sustained	ADJ
easat-8251	13	31	growth	growth	NOUN
easat-8251	13	32	and	and	CCONJ
easat-8251	13	33	development	development	NOUN
easat-8251	13	34	.	.	PUNCT
easat-8251	14	1	keywords	keyword	NOUN
easat-8251	14	2	:	:	PUNCT
easat-8251	14	3	business	business	NOUN
easat-8251	14	4	diversification	diversification	NOUN
easat-8251	14	5	,	,	PUNCT
easat-8251	14	6	financial	financial	ADJ
easat-8251	14	7	performance	performance	NOUN
easat-8251	14	8	,	,	PUNCT
easat-8251	14	9	securities	security	NOUN
easat-8251	14	10	companies	company	NOUN
easat-8251	14	11	,	,	PUNCT
easat-8251	14	12	size	size	NOUN
easat-8251	14	13	,	,	PUNCT
easat-8251	14	14	vietnam	vietnam	PROPN
easat-8251	14	15	.	.	PUNCT
easat-8251	15	1	1	1	X
easat-8251	15	2	.	.	X
easat-8251	15	3	introduction	introduction	NOUN
easat-8251	15	4	after	after	ADP
easat-8251	15	5	nearly	nearly	ADV
easat-8251	15	6	25	25	NUM
easat-8251	15	7	years	year	NOUN
easat-8251	15	8	of	of	ADP
easat-8251	15	9	development	development	NOUN
easat-8251	15	10	,	,	PUNCT
easat-8251	15	11	the	the	DET
easat-8251	15	12	vietnamese	vietnamese	ADJ
easat-8251	15	13	stock	stock	NOUN
easat-8251	15	14	market	market	NOUN
easat-8251	15	15	has	have	AUX
easat-8251	15	16	expanded	expand	VERB
easat-8251	15	17	significantly	significantly	ADV
easat-8251	15	18	in	in	ADP
easat-8251	15	19	terms	term	NOUN
easat-8251	15	20	of	of	ADP
easat-8251	15	21	scale	scale	NOUN
easat-8251	15	22	,	,	PUNCT
easat-8251	15	23	structure	structure	NOUN
easat-8251	15	24	,	,	PUNCT
easat-8251	15	25	and	and	CCONJ
easat-8251	15	26	product	product	NOUN
easat-8251	15	27	offerings	offering	NOUN
easat-8251	15	28	,	,	PUNCT
easat-8251	15	29	emerging	emerge	VERB
easat-8251	15	30	as	as	ADP
easat-8251	15	31	a	a	DET
easat-8251	15	32	dynamic	dynamic	ADJ
easat-8251	15	33	and	and	CCONJ
easat-8251	15	34	modern	modern	ADJ
easat-8251	15	35	platform	platform	NOUN
easat-8251	15	36	for	for	ADP
easat-8251	15	37	both	both	CCONJ
easat-8251	15	38	domestic	domestic	ADJ
easat-8251	15	39	and	and	CCONJ
easat-8251	15	40	international	international	ADJ
easat-8251	15	41	entities	entity	NOUN
easat-8251	15	42	.	.	PUNCT
easat-8251	16	1	the	the	DET
easat-8251	16	2	first	first	ADJ
easat-8251	16	3	trading	trading	NOUN
easat-8251	16	4	session	session	NOUN
easat-8251	16	5	on	on	ADP
easat-8251	16	6	july	july	PROPN
easat-8251	16	7	28	28	NUM
easat-8251	16	8	,	,	PUNCT
easat-8251	16	9	2000	2000	NUM
easat-8251	16	10	,	,	PUNCT
easat-8251	16	11	at	at	ADP
easat-8251	16	12	the	the	DET
easat-8251	16	13	ho	ho	PROPN
easat-8251	16	14	chi	chi	PROPN
easat-8251	16	15	minh	minh	PROPN
easat-8251	16	16	city	city	PROPN
easat-8251	16	17	stock	stock	NOUN
easat-8251	16	18	exchange	exchange	PROPN
easat-8251	16	19	(	(	PUNCT
easat-8251	16	20	the	the	DET
easat-8251	16	21	predecessor	predecessor	NOUN
easat-8251	16	22	of	of	ADP
easat-8251	16	23	hose	hose	PROPN
easat-8251	16	24	)	)	PUNCT
easat-8251	16	25	recorded	record	VERB
easat-8251	16	26	two	two	NUM
easat-8251	16	27	stock	stock	NOUN
easat-8251	16	28	codes	code	NOUN
easat-8251	16	29	.	.	PUNCT
easat-8251	17	1	by	by	ADP
easat-8251	17	2	the	the	DET
easat-8251	17	3	end	end	NOUN
easat-8251	17	4	of	of	ADP
easat-8251	17	5	2019	2019	NUM
easat-8251	17	6	,	,	PUNCT
easat-8251	17	7	1,622	1,622	NUM
easat-8251	17	8	stock	stock	NOUN
easat-8251	17	9	codes	code	NOUN
easat-8251	17	10	and	and	CCONJ
easat-8251	17	11	fund	fund	NOUN
easat-8251	17	12	certificates	certificate	NOUN
easat-8251	17	13	were	be	AUX
easat-8251	17	14	listed	list	VERB
easat-8251	17	15	or	or	CCONJ
easat-8251	17	16	registered	register	VERB
easat-8251	17	17	for	for	ADP
easat-8251	17	18	trading	trading	NOUN
easat-8251	17	19	.	.	PUNCT
easat-8251	18	1	the	the	DET
easat-8251	18	2	market	market	NOUN
easat-8251	18	3	capitalization	capitalization	NOUN
easat-8251	18	4	reached	reach	VERB
easat-8251	18	5	4,384	4,384	NUM
easat-8251	18	6	trillion	trillion	NUM
easat-8251	18	7	vnd	vnd	PROPN
easat-8251	18	8	,	,	PUNCT
easat-8251	18	9	accounting	account	VERB
easat-8251	18	10	for	for	ADP
easat-8251	18	11	72.6	72.6	NUM
easat-8251	18	12	%	%	NOUN
easat-8251	18	13	of	of	ADP
easat-8251	18	14	gdp	gdp	NOUN
easat-8251	18	15	in	in	ADP
easat-8251	18	16	2019	2019	NUM
easat-8251	18	17	.	.	PUNCT
easat-8251	19	1	the	the	DET
easat-8251	19	2	government	government	NOUN
easat-8251	19	3	bond	bond	NOUN
easat-8251	19	4	market	market	NOUN
easat-8251	19	5	recorded	record	VERB
easat-8251	19	6	an	an	DET
easat-8251	19	7	average	average	ADJ
easat-8251	19	8	growth	growth	NOUN
easat-8251	19	9	of	of	ADP
easat-8251	19	10	27%/year	27%/year	NUM
easat-8251	19	11	,	,	PUNCT
easat-8251	19	12	the	the	DET
easat-8251	19	13	highest	high	ADJ
easat-8251	19	14	among	among	ADP
easat-8251	19	15	asian	asian	ADJ
easat-8251	19	16	emerging	emerge	VERB
easat-8251	19	17	economies	economy	NOUN
easat-8251	19	18	.	.	PUNCT
easat-8251	20	1	the	the	DET
easat-8251	20	2	government	government	NOUN
easat-8251	20	3	bond	bond	NOUN
easat-8251	20	4	market	market	NOUN
easat-8251	20	5	capitalization	capitalization	NOUN
easat-8251	20	6	in	in	ADP
easat-8251	20	7	2019	2019	NUM
easat-8251	20	8	was	be	AUX
easat-8251	20	9	25.1	25.1	NUM
easat-8251	20	10	%	%	NOUN
easat-8251	20	11	of	of	ADP
easat-8251	20	12	gdp	gdp	NOUN
easat-8251	20	13	,	,	PUNCT
easat-8251	20	14	representing	represent	VERB
easat-8251	20	15	a	a	DET
easat-8251	20	16	12	12	NUM
easat-8251	20	17	-	-	ADJ
easat-8251	20	18	fold	fold	ADJ
easat-8251	20	19	increase	increase	NOUN
easat-8251	20	20	after	after	ADP
easat-8251	20	21	a	a	DET
easat-8251	20	22	decade	decade	NOUN
easat-8251	20	23	of	of	ADP
easat-8251	20	24	formation	formation	NOUN
easat-8251	20	25	and	and	CCONJ
easat-8251	20	26	development	development	NOUN
easat-8251	20	27	.	.	PUNCT
easat-8251	21	1	the	the	DET
easat-8251	21	2	derivatives	derivative	NOUN
easat-8251	21	3	market	market	NOUN
easat-8251	21	4	officially	officially	ADV
easat-8251	21	5	operated	operate	VERB
easat-8251	21	6	on	on	ADP
easat-8251	21	7	august	august	PROPN
easat-8251	21	8	10	10	NUM
easat-8251	21	9	,	,	PUNCT
easat-8251	21	10	2017	2017	NUM
easat-8251	21	11	,	,	PUNCT
easat-8251	21	12	but	but	CCONJ
easat-8251	21	13	more	more	ADJ
easat-8251	21	14	than	than	ADP
easat-8251	21	15	59	59	NUM
easat-8251	21	16	million	million	NUM
easat-8251	21	17	vn30	vn30	PROPN
easat-8251	21	18	index	index	NOUN
easat-8251	21	19	futures	future	NOUN
easat-8251	21	20	contracts	contract	NOUN
easat-8251	21	21	have	have	AUX
easat-8251	21	22	been	be	AUX
easat-8251	21	23	traded	trade	VERB
easat-8251	21	24	.	.	PUNCT
easat-8251	22	1	the	the	DET
easat-8251	22	2	quality	quality	NOUN
easat-8251	22	3	of	of	ADP
easat-8251	22	4	investors	investor	NOUN
easat-8251	22	5	in	in	ADP
easat-8251	22	6	the	the	DET
easat-8251	22	7	market	market	NOUN
easat-8251	22	8	has	have	AUX
easat-8251	22	9	improved	improve	VERB
easat-8251	22	10	with	with	ADP
easat-8251	22	11	the	the	DET
easat-8251	22	12	active	active	ADJ
easat-8251	22	13	and	and	CCONJ
easat-8251	22	14	extensive	extensive	ADJ
easat-8251	22	15	participation	participation	NOUN
easat-8251	22	16	of	of	ADP
easat-8251	22	17	foreign	foreign	ADJ
easat-8251	22	18	and	and	CCONJ
easat-8251	22	19	institutional	institutional	ADJ
easat-8251	22	20	investors	investor	NOUN
easat-8251	22	21	.	.	PUNCT
easat-8251	23	1	as	as	ADP
easat-8251	23	2	of	of	ADP
easat-8251	23	3	october	october	PROPN
easat-8251	23	4	2021	2021	NUM
easat-8251	23	5	,	,	PUNCT
easat-8251	23	6	the	the	DET
easat-8251	23	7	number	number	NOUN
easat-8251	23	8	of	of	ADP
easat-8251	23	9	investors	investor	NOUN
easat-8251	23	10	opening	open	VERB
easat-8251	23	11	accounts	account	NOUN
easat-8251	23	12	on	on	ADP
easat-8251	23	13	the	the	DET
easat-8251	23	14	vietnamese	vietnamese	ADJ
easat-8251	23	15	stock	stock	NOUN
easat-8251	23	16	market	market	NOUN
easat-8251	23	17	was	be	AUX
easat-8251	23	18	3.8	3.8	NUM
easat-8251	23	19	million	million	NUM
easat-8251	23	20	,	,	PUNCT
easat-8251	23	21	accounting	account	VERB
easat-8251	23	22	for	for	ADP
easat-8251	23	23	over	over	ADP
easat-8251	23	24	3	3	NUM
easat-8251	23	25	%	%	NOUN
easat-8251	23	26	of	of	ADP
easat-8251	23	27	the	the	DET
easat-8251	23	28	population	population	NOUN
easat-8251	23	29	.	.	PUNCT
easat-8251	24	1	the	the	DET
easat-8251	24	2	stock	stock	NOUN
easat-8251	24	3	market	market	NOUN
easat-8251	24	4	has	have	AUX
easat-8251	24	5	genuinely	genuinely	ADV
easat-8251	24	6	become	become	VERB
easat-8251	24	7	a	a	DET
easat-8251	24	8	pillar	pillar	NOUN
easat-8251	24	9	of	of	ADP
easat-8251	24	10	the	the	DET
easat-8251	24	11	capital	capital	NOUN
easat-8251	24	12	channel	channel	NOUN
easat-8251	24	13	for	for	ADP
easat-8251	24	14	the	the	DET
easat-8251	24	15	economy	economy	NOUN
easat-8251	24	16	.	.	PUNCT
easat-8251	25	1	the	the	DET
easat-8251	25	2	total	total	ADJ
easat-8251	25	3	size	size	NOUN
easat-8251	25	4	of	of	ADP
easat-8251	25	5	the	the	DET
easat-8251	25	6	stock	stock	NOUN
easat-8251	25	7	market	market	NOUN
easat-8251	25	8	(	(	PUNCT
easat-8251	25	9	including	include	VERB
easat-8251	25	10	the	the	DET
easat-8251	25	11	total	total	ADJ
easat-8251	25	12	market	market	NOUN
easat-8251	25	13	capitalization	capitalization	NOUN
easat-8251	25	14	of	of	ADP
easat-8251	25	15	stocks	stock	NOUN
easat-8251	25	16	and	and	CCONJ
easat-8251	25	17	outstanding	outstanding	ADJ
easat-8251	25	18	bonds	bond	NOUN
easat-8251	25	19	)	)	PUNCT
easat-8251	25	20	at	at	ADP
easat-8251	25	21	the	the	DET
easat-8251	25	22	end	end	NOUN
easat-8251	25	23	of	of	ADP
easat-8251	25	24	2020	2020	NUM
easat-8251	25	25	reached	reach	VERB
easat-8251	25	26	131.95	131.95	NUM
easat-8251	25	27	%	%	NOUN
easat-8251	25	28	of	of	ADP
easat-8251	25	29	gdp	gdp	NOUN
easat-8251	25	30	,	,	PUNCT
easat-8251	25	31	which	which	PRON
easat-8251	25	32	is	be	AUX
easat-8251	25	33	quite	quite	ADV
easat-8251	25	34	close	close	ADJ
easat-8251	25	35	to	to	ADP
easat-8251	25	36	the	the	DET
easat-8251	25	37	146.2	146.2	NUM
easat-8251	25	38	%	%	NOUN
easat-8251	25	39	of	of	ADP
easat-8251	25	40	1863	1863	NUM
easat-8251	25	41	edelweiss	edelweiss	PROPN
easat-8251	25	42	applied	apply	VERB
easat-8251	25	43	science	science	NOUN
easat-8251	25	44	and	and	CCONJ
easat-8251	25	45	technology	technology	NOUN
easat-8251	25	46	issn	issn	PROPN
easat-8251	25	47	:	:	PUNCT
easat-8251	25	48	2576	2576	NUM
easat-8251	25	49	-	-	SYM
easat-8251	25	50	8484	8484	NUM
easat-8251	25	51	vol	vol	NOUN
easat-8251	25	52	.	.	PROPN
easat-8251	26	1	9	9	NUM
easat-8251	26	2	,	,	PUNCT
easat-8251	26	3	no	no	INTJ
easat-8251	26	4	.	.	NOUN
easat-8251	26	5	6	6	NUM
easat-8251	26	6	:	:	SYM
easat-8251	26	7	1862	1862	NUM
easat-8251	26	8	-	-	SYM
easat-8251	26	9	1874	1874	NUM
easat-8251	26	10	,	,	PUNCT
easat-8251	26	11	2025	2025	NUM
easat-8251	26	12	doi	doi	NOUN
easat-8251	26	13	:	:	PUNCT
easat-8251	26	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	26	15	©	©	PROPN
easat-8251	26	16	2025	2025	NUM
easat-8251	26	17	by	by	ADP
easat-8251	26	18	the	the	DET
easat-8251	26	19	authors	author	NOUN
easat-8251	26	20	;	;	PUNCT
easat-8251	26	21	licensee	licensee	PROPN
easat-8251	26	22	learning	learning	PROPN
easat-8251	26	23	gate	gate	PROPN
easat-8251	26	24	gdp	gdp	PROPN
easat-8251	26	25	contributed	contribute	VERB
easat-8251	26	26	by	by	ADP
easat-8251	26	27	bank	bank	NOUN
easat-8251	26	28	credit	credit	NOUN
easat-8251	26	29	,	,	PUNCT
easat-8251	26	30	supporting	support	VERB
easat-8251	26	31	the	the	DET
easat-8251	26	32	restructuring	restructuring	NOUN
easat-8251	26	33	of	of	ADP
easat-8251	26	34	the	the	DET
easat-8251	26	35	vietnamese	vietnamese	ADJ
easat-8251	26	36	financial	financial	ADJ
easat-8251	26	37	system	system	NOUN
easat-8251	26	38	in	in	ADP
easat-8251	26	39	a	a	DET
easat-8251	26	40	more	more	ADV
easat-8251	26	41	sustainable	sustainable	ADJ
easat-8251	26	42	direction	direction	NOUN
easat-8251	26	43	.	.	PUNCT
easat-8251	27	1	fairness	fairness	NOUN
easat-8251	27	2	and	and	CCONJ
easat-8251	27	3	transparency	transparency	NOUN
easat-8251	27	4	in	in	ADP
easat-8251	27	5	the	the	DET
easat-8251	27	6	stock	stock	NOUN
easat-8251	27	7	market	market	NOUN
easat-8251	27	8	are	be	AUX
easat-8251	27	9	constantly	constantly	ADV
easat-8251	27	10	enhanced	enhance	VERB
easat-8251	27	11	through	through	ADP
easat-8251	27	12	regulations	regulation	NOUN
easat-8251	27	13	on	on	ADP
easat-8251	27	14	information	information	NOUN
easat-8251	27	15	disclosure	disclosure	NOUN
easat-8251	27	16	and	and	CCONJ
easat-8251	27	17	vietnam	vietnam	PROPN
easat-8251	27	18	's	's	PART
easat-8251	27	19	active	active	ADJ
easat-8251	27	20	participation	participation	NOUN
easat-8251	27	21	in	in	ADP
easat-8251	27	22	global	global	ADJ
easat-8251	27	23	financial	financial	ADJ
easat-8251	27	24	initiatives	initiative	NOUN
easat-8251	27	25	.	.	PUNCT
easat-8251	28	1	according	accord	VERB
easat-8251	28	2	to	to	ADP
easat-8251	28	3	ftse	ftse	PROPN
easat-8251	28	4	russell	russell	PROPN
easat-8251	28	5	,	,	PUNCT
easat-8251	28	6	the	the	DET
easat-8251	28	7	vietnamese	vietnamese	ADJ
easat-8251	28	8	stock	stock	NOUN
easat-8251	28	9	market	market	NOUN
easat-8251	28	10	is	be	AUX
easat-8251	28	11	on	on	ADP
easat-8251	28	12	the	the	DET
easat-8251	28	13	waiting	waiting	NOUN
easat-8251	28	14	list	list	NOUN
easat-8251	28	15	for	for	ADP
easat-8251	28	16	upgrading	upgrade	VERB
easat-8251	28	17	to	to	ADP
easat-8251	28	18	an	an	DET
easat-8251	28	19	emerging	emerge	VERB
easat-8251	28	20	market	market	NOUN
easat-8251	28	21	[	[	X
easat-8251	28	22	1	1	NUM
easat-8251	28	23	]	]	PUNCT
easat-8251	28	24	.	.	PUNCT
easat-8251	29	1	the	the	DET
easat-8251	29	2	strong	strong	ADJ
easat-8251	29	3	recovery	recovery	NOUN
easat-8251	29	4	of	of	ADP
easat-8251	29	5	the	the	DET
easat-8251	29	6	vietnamese	vietnamese	ADJ
easat-8251	29	7	stock	stock	NOUN
easat-8251	29	8	market	market	NOUN
easat-8251	29	9	following	follow	VERB
easat-8251	29	10	the	the	DET
easat-8251	29	11	covid-19	covid-19	PROPN
easat-8251	29	12	pandemic	pandemic	NOUN
easat-8251	29	13	,	,	PUNCT
easat-8251	29	14	along	along	ADP
easat-8251	29	15	with	with	ADP
easat-8251	29	16	the	the	DET
easat-8251	29	17	vietnamese	vietnamese	ADJ
easat-8251	29	18	government	government	NOUN
easat-8251	29	19	's	's	PART
easat-8251	29	20	economic	economic	ADJ
easat-8251	29	21	restructuring	restructuring	NOUN
easat-8251	29	22	in	in	ADP
easat-8251	29	23	2024	2024	NUM
easat-8251	29	24	,	,	PUNCT
easat-8251	29	25	has	have	AUX
easat-8251	29	26	created	create	VERB
easat-8251	29	27	vital	vital	ADJ
easat-8251	29	28	momentum	momentum	NOUN
easat-8251	29	29	to	to	PART
easat-8251	29	30	promote	promote	VERB
easat-8251	29	31	the	the	DET
easat-8251	29	32	process	process	NOUN
easat-8251	29	33	of	of	ADP
easat-8251	29	34	upgrading	upgrade	VERB
easat-8251	29	35	the	the	DET
easat-8251	29	36	vietnamese	vietnamese	ADJ
easat-8251	29	37	stock	stock	NOUN
easat-8251	29	38	market	market	NOUN
easat-8251	29	39	.	.	PUNCT
easat-8251	30	1	contributing	contribute	VERB
easat-8251	30	2	to	to	ADP
easat-8251	30	3	this	this	DET
easat-8251	30	4	process	process	NOUN
easat-8251	30	5	is	be	AUX
easat-8251	30	6	an	an	DET
easat-8251	30	7	indispensable	indispensable	ADJ
easat-8251	30	8	role	role	NOUN
easat-8251	30	9	for	for	ADP
easat-8251	30	10	securities	security	NOUN
easat-8251	30	11	companies	company	NOUN
easat-8251	30	12	.	.	PUNCT
easat-8251	31	1	the	the	DET
easat-8251	31	2	vietnam	vietnam	PROPN
easat-8251	31	3	stock	stock	PROPN
easat-8251	31	4	market	market	NOUN
easat-8251	31	5	development	development	NOUN
easat-8251	31	6	strategy	strategy	NOUN
easat-8251	31	7	for	for	ADP
easat-8251	31	8	the	the	DET
easat-8251	31	9	2021	2021	NUM
easat-8251	31	10	-	-	SYM
easat-8251	31	11	2030	2030	NUM
easat-8251	31	12	period	period	NOUN
easat-8251	31	13	emphasizes	emphasize	VERB
easat-8251	31	14	the	the	DET
easat-8251	31	15	importance	importance	NOUN
easat-8251	31	16	of	of	ADP
easat-8251	31	17	securities	security	NOUN
easat-8251	31	18	companies	company	NOUN
easat-8251	31	19	in	in	ADP
easat-8251	31	20	successfully	successfully	ADV
easat-8251	31	21	implementing	implement	VERB
easat-8251	31	22	the	the	DET
easat-8251	31	23	goal	goal	NOUN
easat-8251	31	24	of	of	ADP
easat-8251	31	25	modernizing	modernize	VERB
easat-8251	31	26	and	and	CCONJ
easat-8251	31	27	upgrading	upgrade	VERB
easat-8251	31	28	the	the	DET
easat-8251	31	29	market	market	NOUN
easat-8251	31	30	.	.	PUNCT
easat-8251	32	1	the	the	DET
easat-8251	32	2	state	state	PROPN
easat-8251	32	3	securities	securities	PROPN
easat-8251	32	4	commission	commission	PROPN
easat-8251	32	5	(	(	PUNCT
easat-8251	32	6	ssc	ssc	NOUN
easat-8251	32	7	)	)	PUNCT
easat-8251	32	8	will	will	AUX
easat-8251	32	9	promote	promote	VERB
easat-8251	32	10	the	the	DET
easat-8251	32	11	restructuring	restructuring	NOUN
easat-8251	32	12	of	of	ADP
easat-8251	32	13	securities	security	NOUN
easat-8251	32	14	companies	company	NOUN
easat-8251	32	15	to	to	PART
easat-8251	32	16	enhance	enhance	VERB
easat-8251	32	17	competitiveness	competitiveness	NOUN
easat-8251	32	18	,	,	PUNCT
easat-8251	32	19	improve	improve	VERB
easat-8251	32	20	financial	financial	ADJ
easat-8251	32	21	stability	stability	NOUN
easat-8251	32	22	,	,	PUNCT
easat-8251	32	23	and	and	CCONJ
easat-8251	32	24	strengthen	strengthen	VERB
easat-8251	32	25	modern	modern	ADJ
easat-8251	32	26	corporate	corporate	ADJ
easat-8251	32	27	governance	governance	NOUN
easat-8251	32	28	in	in	ADP
easat-8251	32	29	line	line	NOUN
easat-8251	32	30	with	with	ADP
easat-8251	32	31	international	international	ADJ
easat-8251	32	32	practices	practice	NOUN
easat-8251	32	33	.	.	PUNCT
easat-8251	33	1	with	with	ADP
easat-8251	33	2	the	the	DET
easat-8251	33	3	role	role	NOUN
easat-8251	33	4	of	of	ADP
easat-8251	33	5	intermediaries	intermediary	NOUN
easat-8251	33	6	in	in	ADP
easat-8251	33	7	the	the	DET
easat-8251	33	8	stock	stock	NOUN
easat-8251	33	9	market	market	NOUN
easat-8251	33	10	,	,	PUNCT
easat-8251	33	11	the	the	DET
easat-8251	33	12	healthy	healthy	ADJ
easat-8251	33	13	and	and	CCONJ
easat-8251	33	14	effective	effective	ADJ
easat-8251	33	15	operations	operation	NOUN
easat-8251	33	16	of	of	ADP
easat-8251	33	17	securities	security	NOUN
easat-8251	33	18	companies	company	NOUN
easat-8251	33	19	significantly	significantly	ADV
easat-8251	33	20	contribute	contribute	VERB
easat-8251	33	21	to	to	ADP
easat-8251	33	22	advancing	advance	VERB
easat-8251	33	23	the	the	DET
easat-8251	33	24	development	development	NOUN
easat-8251	33	25	of	of	ADP
easat-8251	33	26	vietnam	vietnam	PROPN
easat-8251	33	27	's	's	PART
easat-8251	33	28	stock	stock	NOUN
easat-8251	33	29	market	market	NOUN
easat-8251	33	30	to	to	ADP
easat-8251	33	31	a	a	DET
easat-8251	33	32	new	new	ADJ
easat-8251	33	33	level	level	NOUN
easat-8251	33	34	.	.	PUNCT
easat-8251	34	1	as	as	ADP
easat-8251	34	2	of	of	ADP
easat-8251	34	3	november	november	PROPN
easat-8251	34	4	15	15	NUM
easat-8251	34	5	,	,	PUNCT
easat-8251	34	6	2022	2022	NUM
easat-8251	34	7	,	,	PUNCT
easat-8251	34	8	there	there	PRON
easat-8251	34	9	were	be	VERB
easat-8251	34	10	81	81	NUM
easat-8251	34	11	securities	security	NOUN
easat-8251	34	12	companies	company	NOUN
easat-8251	34	13	licensed	license	VERB
easat-8251	34	14	by	by	ADP
easat-8251	34	15	the	the	DET
easat-8251	34	16	state	state	PROPN
easat-8251	34	17	securities	securities	PROPN
easat-8251	34	18	commission	commission	PROPN
easat-8251	34	19	to	to	PART
easat-8251	34	20	conduct	conduct	VERB
easat-8251	34	21	securities	security	NOUN
easat-8251	34	22	investment	investment	NOUN
easat-8251	34	23	consulting	consulting	NOUN
easat-8251	34	24	and	and	CCONJ
easat-8251	34	25	brokerage	brokerage	NOUN
easat-8251	34	26	activities	activity	NOUN
easat-8251	34	27	.	.	PUNCT
easat-8251	35	1	according	accord	VERB
easat-8251	35	2	to	to	ADP
easat-8251	35	3	a	a	DET
easat-8251	35	4	report	report	NOUN
easat-8251	35	5	by	by	ADP
easat-8251	35	6	guotai	guotai	PROPN
easat-8251	35	7	junan	junan	PROPN
easat-8251	35	8	securities	security	NOUN
easat-8251	35	9	[	[	X
easat-8251	35	10	2	2	X
easat-8251	35	11	]	]	PUNCT
easat-8251	35	12	the	the	DET
easat-8251	35	13	revenue	revenue	NOUN
easat-8251	35	14	streams	stream	NOUN
easat-8251	35	15	of	of	ADP
easat-8251	35	16	vietnamese	vietnamese	ADJ
easat-8251	35	17	securities	security	NOUN
easat-8251	35	18	companies	company	NOUN
easat-8251	35	19	come	come	VERB
easat-8251	35	20	from	from	ADP
easat-8251	35	21	four	four	NUM
easat-8251	35	22	business	business	NOUN
easat-8251	35	23	activities	activity	NOUN
easat-8251	35	24	:	:	PUNCT
easat-8251	35	25	brokerage	brokerage	NOUN
easat-8251	35	26	,	,	PUNCT
easat-8251	35	27	lending	lending	NOUN
easat-8251	35	28	,	,	PUNCT
easat-8251	35	29	consulting	consulting	NOUN
easat-8251	35	30	,	,	PUNCT
easat-8251	35	31	and	and	CCONJ
easat-8251	35	32	proprietary	proprietary	ADJ
easat-8251	35	33	trading	trading	NOUN
easat-8251	35	34	.	.	PUNCT
easat-8251	36	1	in	in	ADP
easat-8251	36	2	particular	particular	ADJ
easat-8251	36	3	,	,	PUNCT
easat-8251	36	4	the	the	DET
easat-8251	36	5	contribution	contribution	NOUN
easat-8251	36	6	of	of	ADP
easat-8251	36	7	traditional	traditional	ADJ
easat-8251	36	8	business	business	NOUN
easat-8251	36	9	lines	line	NOUN
easat-8251	36	10	is	be	AUX
easat-8251	36	11	decreasing	decrease	VERB
easat-8251	36	12	due	due	ADJ
easat-8251	36	13	to	to	ADP
easat-8251	36	14	changes	change	NOUN
easat-8251	36	15	in	in	ADP
easat-8251	36	16	the	the	DET
easat-8251	36	17	security	security	NOUN
easat-8251	36	18	sector	sector	NOUN
easat-8251	36	19	,	,	PUNCT
easat-8251	36	20	especially	especially	ADV
easat-8251	36	21	with	with	ADP
easat-8251	36	22	the	the	DET
easat-8251	36	23	development	development	NOUN
easat-8251	36	24	of	of	ADP
easat-8251	36	25	technology	technology	NOUN
easat-8251	36	26	.	.	PUNCT
easat-8251	37	1	le	le	X
easat-8251	38	1	[	[	X
easat-8251	38	2	3	3	X
easat-8251	38	3	]	]	PUNCT
easat-8251	38	4	indicates	indicate	VERB
easat-8251	38	5	that	that	SCONJ
easat-8251	38	6	the	the	DET
easat-8251	38	7	application	application	NOUN
easat-8251	38	8	of	of	ADP
easat-8251	38	9	technology	technology	NOUN
easat-8251	38	10	has	have	VERB
easat-8251	38	11	a	a	DET
easat-8251	38	12	significant	significant	ADJ
easat-8251	38	13	impact	impact	NOUN
easat-8251	38	14	on	on	ADP
easat-8251	38	15	the	the	DET
easat-8251	38	16	return	return	NOUN
easat-8251	38	17	on	on	ADP
easat-8251	38	18	assets	asset	NOUN
easat-8251	38	19	(	(	PUNCT
easat-8251	38	20	roa	roa	NOUN
easat-8251	38	21	)	)	PUNCT
easat-8251	38	22	of	of	ADP
easat-8251	38	23	securities	security	NOUN
easat-8251	38	24	companies	company	NOUN
easat-8251	38	25	in	in	ADP
easat-8251	38	26	vietnam	vietnam	PROPN
easat-8251	38	27	.	.	PUNCT
easat-8251	39	1	robo	robo	NOUN
easat-8251	39	2	-	-	PUNCT
easat-8251	39	3	advisor	advisor	NOUN
easat-8251	39	4	,	,	PUNCT
easat-8251	39	5	one	one	NUM
easat-8251	39	6	of	of	ADP
easat-8251	39	7	the	the	DET
easat-8251	39	8	key	key	ADJ
easat-8251	39	9	applications	application	NOUN
easat-8251	39	10	of	of	ADP
easat-8251	39	11	ai	ai	NOUN
easat-8251	39	12	and	and	CCONJ
easat-8251	39	13	llm	llm	PROPN
easat-8251	39	14	,	,	PUNCT
easat-8251	39	15	has	have	AUX
easat-8251	39	16	revolutionized	revolutionize	VERB
easat-8251	39	17	the	the	DET
easat-8251	39	18	financial	financial	ADJ
easat-8251	39	19	services	service	NOUN
easat-8251	39	20	provision	provision	NOUN
easat-8251	39	21	of	of	ADP
easat-8251	39	22	securities	security	NOUN
easat-8251	39	23	companies	company	NOUN
easat-8251	39	24	.	.	PUNCT
easat-8251	40	1	immediately	immediately	ADV
easat-8251	40	2	after	after	SCONJ
easat-8251	40	3	tcbs	tcb	NOUN
easat-8251	40	4	introduced	introduce	VERB
easat-8251	40	5	the	the	DET
easat-8251	40	6	first	first	ADJ
easat-8251	40	7	robo	robo	NOUN
easat-8251	40	8	-	-	PUNCT
easat-8251	40	9	advisor	advisor	NOUN
easat-8251	40	10	in	in	ADP
easat-8251	40	11	vietnam	vietnam	PROPN
easat-8251	40	12	in	in	ADP
easat-8251	40	13	2017	2017	NUM
easat-8251	40	14	,	,	PUNCT
easat-8251	40	15	securities	security	NOUN
easat-8251	40	16	companies	company	NOUN
easat-8251	40	17	increased	increase	VERB
easat-8251	40	18	their	their	PRON
easat-8251	40	19	adoption	adoption	NOUN
easat-8251	40	20	rates	rate	NOUN
easat-8251	40	21	.	.	PUNCT
easat-8251	41	1	in	in	ADP
easat-8251	41	2	addition	addition	NOUN
easat-8251	41	3	,	,	PUNCT
easat-8251	41	4	the	the	DET
easat-8251	41	5	zero	zero	NUM
easat-8251	41	6	-	-	PUNCT
easat-8251	41	7	fee	fee	NOUN
easat-8251	41	8	trend	trend	NOUN
easat-8251	41	9	has	have	AUX
easat-8251	41	10	reflected	reflect	VERB
easat-8251	41	11	the	the	DET
easat-8251	41	12	increasingly	increasingly	ADV
easat-8251	41	13	fierce	fierce	ADJ
easat-8251	41	14	competition	competition	NOUN
easat-8251	41	15	among	among	ADP
easat-8251	41	16	vietnamese	vietnamese	ADJ
easat-8251	41	17	securities	security	NOUN
easat-8251	41	18	companies	company	NOUN
easat-8251	41	19	.	.	PUNCT
easat-8251	42	1	starting	start	VERB
easat-8251	42	2	in	in	ADP
easat-8251	42	3	2019	2019	NUM
easat-8251	42	4	,	,	PUNCT
easat-8251	42	5	with	with	ADP
easat-8251	42	6	the	the	DET
easat-8251	42	7	initiation	initiation	NOUN
easat-8251	42	8	of	of	ADP
easat-8251	42	9	online	online	ADJ
easat-8251	42	10	platforms	platform	NOUN
easat-8251	42	11	such	such	ADJ
easat-8251	42	12	as	as	ADP
easat-8251	42	13	robinhood	robinhood	PROPN
easat-8251	42	14	and	and	CCONJ
easat-8251	42	15	schwab	schwab	PROPN
easat-8251	42	16	,	,	PUNCT
easat-8251	42	17	most	most	ADJ
easat-8251	42	18	vietnamese	vietnamese	ADJ
easat-8251	42	19	securities	security	NOUN
easat-8251	42	20	companies	company	NOUN
easat-8251	42	21	have	have	AUX
easat-8251	42	22	implemented	implement	VERB
easat-8251	42	23	zero	zero	NUM
easat-8251	42	24	-	-	PUNCT
easat-8251	42	25	fee	fee	NOUN
easat-8251	42	26	strategies	strategy	NOUN
easat-8251	42	27	to	to	PART
easat-8251	42	28	retain	retain	VERB
easat-8251	42	29	individual	individual	ADJ
easat-8251	42	30	investors	investor	NOUN
easat-8251	42	31	.	.	PUNCT
easat-8251	43	1	this	this	DET
easat-8251	43	2	shift	shift	NOUN
easat-8251	43	3	has	have	AUX
easat-8251	43	4	significantly	significantly	ADV
easat-8251	43	5	altered	alter	VERB
easat-8251	43	6	the	the	DET
easat-8251	43	7	business	business	NOUN
easat-8251	43	8	model	model	NOUN
easat-8251	43	9	of	of	ADP
easat-8251	43	10	securities	security	NOUN
easat-8251	43	11	companies	company	NOUN
easat-8251	43	12	,	,	PUNCT
easat-8251	43	13	with	with	ADP
easat-8251	43	14	margin	margin	NOUN
easat-8251	43	15	lending	lending	NOUN
easat-8251	43	16	becoming	become	VERB
easat-8251	43	17	a	a	DET
easat-8251	43	18	stable	stable	ADJ
easat-8251	43	19	source	source	NOUN
easat-8251	43	20	of	of	ADP
easat-8251	43	21	income	income	NOUN
easat-8251	43	22	,	,	PUNCT
easat-8251	43	23	rather	rather	ADV
easat-8251	43	24	than	than	ADP
easat-8251	43	25	relying	rely	VERB
easat-8251	43	26	on	on	ADP
easat-8251	43	27	traditional	traditional	ADJ
easat-8251	43	28	brokerage	brokerage	NOUN
easat-8251	43	29	fees	fee	NOUN
easat-8251	43	30	.	.	PUNCT
easat-8251	44	1	on	on	ADP
easat-8251	44	2	the	the	DET
easat-8251	44	3	other	other	ADJ
easat-8251	44	4	hand	hand	NOUN
easat-8251	44	5	,	,	PUNCT
easat-8251	44	6	the	the	DET
easat-8251	44	7	m&a	m&a	PROPN
easat-8251	44	8	wave	wave	NOUN
easat-8251	44	9	and	and	CCONJ
easat-8251	44	10	the	the	DET
easat-8251	44	11	development	development	NOUN
easat-8251	44	12	of	of	ADP
easat-8251	44	13	the	the	DET
easat-8251	44	14	bond	bond	NOUN
easat-8251	44	15	market	market	NOUN
easat-8251	44	16	have	have	AUX
easat-8251	44	17	created	create	VERB
easat-8251	44	18	significant	significant	ADJ
easat-8251	44	19	opportunities	opportunity	NOUN
easat-8251	44	20	for	for	ADP
easat-8251	44	21	securities	security	NOUN
easat-8251	44	22	consulting	consulting	NOUN
easat-8251	44	23	and	and	CCONJ
easat-8251	44	24	trading	trading	NOUN
easat-8251	44	25	activities	activity	NOUN
easat-8251	44	26	.	.	PUNCT
easat-8251	45	1	the	the	DET
easat-8251	45	2	shift	shift	NOUN
easat-8251	45	3	in	in	ADP
easat-8251	45	4	business	business	NOUN
easat-8251	45	5	model	model	NOUN
easat-8251	45	6	reflects	reflect	VERB
easat-8251	45	7	the	the	DET
easat-8251	45	8	adaptation	adaptation	NOUN
easat-8251	45	9	of	of	ADP
easat-8251	45	10	securities	security	NOUN
easat-8251	45	11	firms	firm	NOUN
easat-8251	45	12	in	in	ADP
easat-8251	45	13	vietnam	vietnam	PROPN
easat-8251	45	14	to	to	ADP
easat-8251	45	15	the	the	DET
easat-8251	45	16	global	global	ADJ
easat-8251	45	17	movement	movement	NOUN
easat-8251	45	18	in	in	ADP
easat-8251	45	19	the	the	DET
easat-8251	45	20	financial	financial	ADJ
easat-8251	45	21	services	service	NOUN
easat-8251	45	22	sector	sector	NOUN
easat-8251	45	23	.	.	PUNCT
easat-8251	46	1	it	it	PRON
easat-8251	46	2	is	be	AUX
easat-8251	46	3	expected	expect	VERB
easat-8251	46	4	to	to	PART
easat-8251	46	5	change	change	VERB
easat-8251	46	6	the	the	DET
easat-8251	46	7	firm	firm	ADJ
easat-8251	46	8	performance	performance	NOUN
easat-8251	46	9	of	of	ADP
easat-8251	46	10	these	these	DET
easat-8251	46	11	companies	company	NOUN
easat-8251	46	12	.	.	PUNCT
easat-8251	47	1	however	however	ADV
easat-8251	47	2	,	,	PUNCT
easat-8251	47	3	quantitative	quantitative	ADJ
easat-8251	47	4	studies	study	NOUN
easat-8251	47	5	on	on	ADP
easat-8251	47	6	the	the	DET
easat-8251	47	7	impact	impact	NOUN
easat-8251	47	8	of	of	ADP
easat-8251	47	9	business	business	NOUN
easat-8251	47	10	models	model	NOUN
easat-8251	47	11	on	on	ADP
easat-8251	47	12	the	the	DET
easat-8251	47	13	performance	performance	NOUN
easat-8251	47	14	of	of	ADP
easat-8251	47	15	securities	security	NOUN
easat-8251	47	16	companies	company	NOUN
easat-8251	47	17	in	in	ADP
easat-8251	47	18	vietnam	vietnam	PROPN
easat-8251	47	19	are	be	AUX
easat-8251	47	20	still	still	ADV
easat-8251	47	21	quite	quite	ADV
easat-8251	47	22	limited	limited	ADJ
easat-8251	47	23	.	.	PUNCT
easat-8251	48	1	several	several	ADJ
easat-8251	48	2	studies	study	NOUN
easat-8251	48	3	on	on	ADP
easat-8251	48	4	securities	security	NOUN
easat-8251	48	5	companies	company	NOUN
easat-8251	48	6	,	,	PUNCT
easat-8251	48	7	such	such	ADJ
easat-8251	48	8	as	as	ADP
easat-8251	48	9	those	those	PRON
easat-8251	48	10	by	by	ADP
easat-8251	48	11	tran	tran	PROPN
easat-8251	48	12	[	[	X
easat-8251	48	13	4	4	NUM
easat-8251	48	14	]	]	PUNCT
easat-8251	48	15	;	;	PUNCT
easat-8251	48	16	tran	tran	PROPN
easat-8251	49	1	[	[	X
easat-8251	49	2	5	5	NUM
easat-8251	49	3	]	]	PUNCT
easat-8251	49	4	and	and	CCONJ
easat-8251	49	5	tien	tien	NOUN
easat-8251	50	1	[	[	X
easat-8251	50	2	6	6	NUM
easat-8251	50	3	]	]	PUNCT
easat-8251	50	4	offer	offer	VERB
easat-8251	50	5	valuable	valuable	ADJ
easat-8251	50	6	insights	insight	NOUN
easat-8251	50	7	into	into	ADP
easat-8251	50	8	the	the	DET
easat-8251	50	9	factors	factor	NOUN
easat-8251	50	10	influencing	influence	VERB
easat-8251	50	11	the	the	DET
easat-8251	50	12	profitability	profitability	NOUN
easat-8251	50	13	,	,	PUNCT
easat-8251	50	14	financial	financial	ADJ
easat-8251	50	15	risks	risk	NOUN
easat-8251	50	16	,	,	PUNCT
easat-8251	50	17	and	and	CCONJ
easat-8251	50	18	capital	capital	NOUN
easat-8251	50	19	structure	structure	NOUN
easat-8251	50	20	of	of	ADP
easat-8251	50	21	securities	security	NOUN
easat-8251	50	22	companies	company	NOUN
easat-8251	50	23	in	in	ADP
easat-8251	50	24	vietnam	vietnam	PROPN
easat-8251	50	25	.	.	PUNCT
easat-8251	50	26	le	le	X
easat-8251	51	1	[	[	X
easat-8251	51	2	3	3	NUM
easat-8251	51	3	]	]	PUNCT
easat-8251	51	4	assessed	assess	VERB
easat-8251	51	5	the	the	DET
easat-8251	51	6	impact	impact	NOUN
easat-8251	51	7	of	of	ADP
easat-8251	51	8	fintech	fintech	NOUN
easat-8251	51	9	applications	application	NOUN
easat-8251	51	10	on	on	ADP
easat-8251	51	11	the	the	DET
easat-8251	51	12	operations	operation	NOUN
easat-8251	51	13	of	of	ADP
easat-8251	51	14	securities	security	NOUN
easat-8251	51	15	companies	company	NOUN
easat-8251	51	16	in	in	ADP
easat-8251	51	17	vietnam	vietnam	PROPN
easat-8251	51	18	.	.	PUNCT
easat-8251	52	1	the	the	DET
easat-8251	52	2	study	study	NOUN
easat-8251	52	3	examined	examine	VERB
easat-8251	52	4	the	the	DET
easat-8251	52	5	application	application	NOUN
easat-8251	52	6	of	of	ADP
easat-8251	52	7	technology	technology	NOUN
easat-8251	52	8	in	in	ADP
easat-8251	52	9	five	five	NUM
easat-8251	52	10	service	service	NOUN
easat-8251	52	11	areas	area	NOUN
easat-8251	52	12	of	of	ADP
easat-8251	52	13	securities	security	NOUN
easat-8251	52	14	companies	company	NOUN
easat-8251	52	15	and	and	CCONJ
easat-8251	52	16	demonstrated	demonstrate	VERB
easat-8251	52	17	the	the	DET
easat-8251	52	18	significance	significance	NOUN
easat-8251	52	19	of	of	ADP
easat-8251	52	20	innovation	innovation	NOUN
easat-8251	52	21	in	in	ADP
easat-8251	52	22	these	these	DET
easat-8251	52	23	activities	activity	NOUN
easat-8251	52	24	on	on	ADP
easat-8251	52	25	return	return	NOUN
easat-8251	52	26	on	on	ADP
easat-8251	52	27	assets	asset	NOUN
easat-8251	52	28	(	(	PUNCT
easat-8251	52	29	roa	roa	NOUN
easat-8251	52	30	)	)	PUNCT
easat-8251	52	31	.	.	PUNCT
easat-8251	53	1	although	although	SCONJ
easat-8251	53	2	the	the	DET
easat-8251	53	3	operating	operating	NOUN
easat-8251	53	4	areas	area	NOUN
easat-8251	53	5	were	be	AUX
easat-8251	53	6	not	not	PART
easat-8251	53	7	separated	separate	VERB
easat-8251	53	8	,	,	PUNCT
easat-8251	53	9	the	the	DET
easat-8251	53	10	results	result	NOUN
easat-8251	53	11	of	of	ADP
easat-8251	53	12	this	this	DET
easat-8251	53	13	study	study	NOUN
easat-8251	53	14	confirmed	confirm	VERB
easat-8251	53	15	the	the	DET
easat-8251	53	16	role	role	NOUN
easat-8251	53	17	of	of	ADP
easat-8251	53	18	business	business	NOUN
easat-8251	53	19	diversification	diversification	NOUN
easat-8251	53	20	in	in	ADP
easat-8251	53	21	the	the	DET
easat-8251	53	22	financial	financial	ADJ
easat-8251	53	23	performance	performance	NOUN
easat-8251	53	24	of	of	ADP
easat-8251	53	25	vietnamese	vietnamese	ADJ
easat-8251	53	26	securities	security	NOUN
easat-8251	53	27	companies	company	NOUN
easat-8251	53	28	.	.	PUNCT
easat-8251	54	1	theoretical	theoretical	ADJ
easat-8251	54	2	background	background	NOUN
easat-8251	54	3	and	and	CCONJ
easat-8251	54	4	empirical	empirical	ADJ
easat-8251	54	5	evidence	evidence	NOUN
easat-8251	54	6	from	from	ADP
easat-8251	54	7	non	non	ADJ
easat-8251	54	8	-	-	ADJ
easat-8251	54	9	financial	financial	ADJ
easat-8251	54	10	sectors	sector	NOUN
easat-8251	54	11	have	have	AUX
easat-8251	54	12	confirmed	confirm	VERB
easat-8251	54	13	the	the	DET
easat-8251	54	14	significance	significance	NOUN
easat-8251	54	15	of	of	ADP
easat-8251	54	16	business	business	NOUN
easat-8251	54	17	diversification	diversification	NOUN
easat-8251	54	18	to	to	ADP
easat-8251	54	19	firm	firm	ADJ
easat-8251	54	20	performance	performance	NOUN
easat-8251	54	21	.	.	PUNCT
easat-8251	55	1	however	however	ADV
easat-8251	55	2	,	,	PUNCT
easat-8251	55	3	the	the	DET
easat-8251	55	4	sign	sign	NOUN
easat-8251	55	5	of	of	ADP
easat-8251	55	6	impact	impact	NOUN
easat-8251	55	7	is	be	AUX
easat-8251	55	8	still	still	ADV
easat-8251	55	9	questionable	questionable	ADJ
easat-8251	55	10	.	.	PUNCT
easat-8251	56	1	therefore	therefore	ADV
easat-8251	56	2	,	,	PUNCT
easat-8251	56	3	validating	validate	VERB
easat-8251	56	4	the	the	DET
easat-8251	56	5	theories	theory	NOUN
easat-8251	56	6	in	in	ADP
easat-8251	56	7	different	different	ADJ
easat-8251	56	8	settings	setting	NOUN
easat-8251	56	9	is	be	AUX
easat-8251	56	10	critical	critical	ADJ
easat-8251	56	11	to	to	ADP
easat-8251	56	12	understanding	understand	VERB
easat-8251	56	13	how	how	SCONJ
easat-8251	56	14	the	the	DET
easat-8251	56	15	business	business	NOUN
easat-8251	56	16	model	model	NOUN
easat-8251	56	17	benefits	benefit	VERB
easat-8251	56	18	a	a	DET
easat-8251	56	19	company	company	NOUN
easat-8251	56	20	.	.	PUNCT
easat-8251	57	1	in	in	ADP
easat-8251	57	2	this	this	DET
easat-8251	57	3	paper	paper	NOUN
easat-8251	57	4	,	,	PUNCT
easat-8251	57	5	we	we	PRON
easat-8251	57	6	attempted	attempt	VERB
easat-8251	57	7	to	to	PART
easat-8251	57	8	answer	answer	VERB
easat-8251	57	9	this	this	DET
easat-8251	57	10	question	question	NOUN
easat-8251	57	11	by	by	ADP
easat-8251	57	12	studying	study	VERB
easat-8251	57	13	the	the	DET
easat-8251	57	14	influence	influence	NOUN
easat-8251	57	15	of	of	ADP
easat-8251	57	16	business	business	NOUN
easat-8251	57	17	diversification	diversification	NOUN
easat-8251	57	18	on	on	ADP
easat-8251	57	19	the	the	DET
easat-8251	57	20	financial	financial	ADJ
easat-8251	57	21	performance	performance	NOUN
easat-8251	57	22	of	of	ADP
easat-8251	57	23	listed	list	VERB
easat-8251	57	24	securities	security	NOUN
easat-8251	57	25	companies	company	NOUN
easat-8251	57	26	in	in	ADP
easat-8251	57	27	vietnam	vietnam	PROPN
easat-8251	57	28	.	.	PUNCT
easat-8251	58	1	our	our	PRON
easat-8251	58	2	research	research	NOUN
easat-8251	58	3	enriches	enrich	VERB
easat-8251	58	4	the	the	DET
easat-8251	58	5	extant	extant	ADJ
easat-8251	58	6	literature	literature	NOUN
easat-8251	58	7	on	on	ADP
easat-8251	58	8	securities	security	NOUN
easat-8251	58	9	companies	company	NOUN
easat-8251	58	10	in	in	ADP
easat-8251	58	11	vietnam	vietnam	PROPN
easat-8251	58	12	with	with	ADP
easat-8251	58	13	three	three	NUM
easat-8251	58	14	main	main	ADJ
easat-8251	58	15	points	point	NOUN
easat-8251	58	16	.	.	PUNCT
easat-8251	59	1	first	first	ADV
easat-8251	59	2	,	,	PUNCT
easat-8251	59	3	we	we	PRON
easat-8251	59	4	test	test	VERB
easat-8251	59	5	the	the	DET
easat-8251	59	6	hypothetical	hypothetical	ADJ
easat-8251	59	7	impact	impact	NOUN
easat-8251	59	8	of	of	ADP
easat-8251	59	9	business	business	NOUN
easat-8251	59	10	diversification	diversification	NOUN
easat-8251	59	11	on	on	ADP
easat-8251	59	12	financial	financial	ADJ
easat-8251	59	13	performance	performance	NOUN
easat-8251	59	14	in	in	ADP
easat-8251	59	15	the	the	DET
easat-8251	59	16	financial	financial	ADJ
easat-8251	59	17	sector	sector	NOUN
easat-8251	59	18	.	.	PUNCT
easat-8251	60	1	second	second	ADV
easat-8251	60	2	,	,	PUNCT
easat-8251	60	3	we	we	PRON
easat-8251	60	4	examine	examine	VERB
easat-8251	60	5	the	the	DET
easat-8251	60	6	width	width	ADJ
easat-8251	60	7	and	and	CCONJ
easat-8251	60	8	depth	depth	NOUN
easat-8251	60	9	of	of	ADP
easat-8251	60	10	business	business	NOUN
easat-8251	60	11	diversification	diversification	NOUN
easat-8251	60	12	.	.	PUNCT
easat-8251	61	1	third	third	ADJ
easat-8251	61	2	,	,	PUNCT
easat-8251	61	3	our	our	PRON
easat-8251	61	4	1864	1864	NUM
easat-8251	61	5	edelweiss	edelweiss	PROPN
easat-8251	61	6	applied	apply	VERB
easat-8251	61	7	science	science	NOUN
easat-8251	61	8	and	and	CCONJ
easat-8251	61	9	technology	technology	NOUN
easat-8251	61	10	issn	issn	PROPN
easat-8251	61	11	:	:	PUNCT
easat-8251	61	12	2576	2576	NUM
easat-8251	61	13	-	-	SYM
easat-8251	61	14	8484	8484	NUM
easat-8251	61	15	vol	vol	NOUN
easat-8251	61	16	.	.	PROPN
easat-8251	62	1	9	9	NUM
easat-8251	62	2	,	,	PUNCT
easat-8251	62	3	no	no	INTJ
easat-8251	62	4	.	.	NOUN
easat-8251	62	5	6	6	NUM
easat-8251	62	6	:	:	SYM
easat-8251	62	7	1862	1862	NUM
easat-8251	62	8	-	-	SYM
easat-8251	62	9	1874	1874	NUM
easat-8251	62	10	,	,	PUNCT
easat-8251	62	11	2025	2025	NUM
easat-8251	62	12	doi	doi	NOUN
easat-8251	62	13	:	:	PUNCT
easat-8251	62	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	62	15	©	©	PROPN
easat-8251	62	16	2025	2025	NUM
easat-8251	62	17	by	by	ADP
easat-8251	62	18	the	the	DET
easat-8251	62	19	authors	author	NOUN
easat-8251	62	20	;	;	PUNCT
easat-8251	62	21	licensee	licensee	PROPN
easat-8251	62	22	learning	learn	VERB
easat-8251	62	23	gate	gate	PROPN
easat-8251	62	24	sample	sample	NOUN
easat-8251	62	25	is	be	AUX
easat-8251	62	26	more	more	ADV
easat-8251	62	27	extensive	extensive	ADJ
easat-8251	62	28	than	than	ADP
easat-8251	62	29	other	other	ADJ
easat-8251	62	30	studies	study	NOUN
easat-8251	62	31	because	because	SCONJ
easat-8251	62	32	it	it	PRON
easat-8251	62	33	covers	cover	VERB
easat-8251	62	34	the	the	DET
easat-8251	62	35	entire	entire	ADJ
easat-8251	62	36	time	time	NOUN
easat-8251	62	37	range	range	NOUN
easat-8251	62	38	,	,	PUNCT
easat-8251	62	39	from	from	ADP
easat-8251	62	40	the	the	DET
easat-8251	62	41	recovery	recovery	NOUN
easat-8251	62	42	and	and	CCONJ
easat-8251	62	43	fast	fast	ADV
easat-8251	62	44	-	-	PUNCT
easat-8251	62	45	growing	grow	VERB
easat-8251	62	46	period	period	NOUN
easat-8251	62	47	of	of	ADP
easat-8251	62	48	the	the	DET
easat-8251	62	49	vietnamese	vietnamese	ADJ
easat-8251	62	50	stock	stock	NOUN
easat-8251	62	51	market	market	NOUN
easat-8251	62	52	(	(	PUNCT
easat-8251	62	53	2010	2010	NUM
easat-8251	62	54	-	-	SYM
easat-8251	62	55	2024	2024	NUM
easat-8251	62	56	)	)	PUNCT
easat-8251	62	57	.	.	PUNCT
easat-8251	63	1	we	we	PRON
easat-8251	63	2	divide	divide	VERB
easat-8251	63	3	the	the	DET
easat-8251	63	4	paper	paper	NOUN
easat-8251	63	5	into	into	ADP
easat-8251	63	6	five	five	NUM
easat-8251	63	7	parts	part	NOUN
easat-8251	63	8	.	.	PUNCT
easat-8251	64	1	part	part	NOUN
easat-8251	64	2	1	1	NUM
easat-8251	64	3	introduces	introduce	VERB
easat-8251	64	4	the	the	DET
easat-8251	64	5	paper	paper	NOUN
easat-8251	64	6	.	.	PUNCT
easat-8251	65	1	part	part	NOUN
easat-8251	65	2	2	2	NUM
easat-8251	65	3	contains	contain	VERB
easat-8251	65	4	the	the	DET
easat-8251	65	5	literature	literature	NOUN
easat-8251	65	6	review	review	NOUN
easat-8251	65	7	and	and	CCONJ
easat-8251	65	8	hypothesis	hypothesis	NOUN
easat-8251	65	9	development	development	NOUN
easat-8251	65	10	.	.	PUNCT
easat-8251	66	1	next	next	ADJ
easat-8251	66	2	is	be	AUX
easat-8251	66	3	the	the	DET
easat-8251	66	4	data	datum	NOUN
easat-8251	66	5	and	and	CCONJ
easat-8251	66	6	methodology	methodology	NOUN
easat-8251	66	7	section	section	NOUN
easat-8251	66	8	.	.	PUNCT
easat-8251	67	1	in	in	ADP
easat-8251	67	2	part	part	NOUN
easat-8251	67	3	4	4	NUM
easat-8251	67	4	,	,	PUNCT
easat-8251	67	5	we	we	PRON
easat-8251	67	6	discuss	discuss	VERB
easat-8251	67	7	the	the	DET
easat-8251	67	8	empirical	empirical	ADJ
easat-8251	67	9	results	result	NOUN
easat-8251	67	10	and	and	CCONJ
easat-8251	67	11	reach	reach	VERB
easat-8251	67	12	a	a	DET
easat-8251	67	13	conclusion	conclusion	NOUN
easat-8251	67	14	in	in	ADP
easat-8251	67	15	part	part	NOUN
easat-8251	67	16	5	5	NUM
easat-8251	67	17	.	.	NOUN
easat-8251	67	18	2	2	NUM
easat-8251	67	19	.	.	X
easat-8251	67	20	literature	literature	NOUN
easat-8251	67	21	review	review	PROPN
easat-8251	67	22	and	and	CCONJ
easat-8251	67	23	hypothesis	hypothesis	NOUN
easat-8251	67	24	development	development	NOUN
easat-8251	67	25	2.1	2.1	NUM
easat-8251	67	26	.	.	PUNCT
easat-8251	68	1	overview	overview	NOUN
easat-8251	68	2	of	of	ADP
easat-8251	68	3	business	business	NOUN
easat-8251	68	4	diversification	diversification	NOUN
easat-8251	68	5	and	and	CCONJ
easat-8251	68	6	its	its	PRON
easat-8251	68	7	impact	impact	NOUN
easat-8251	68	8	on	on	ADP
easat-8251	68	9	firm	firm	ADJ
easat-8251	68	10	performance	performance	NOUN
easat-8251	68	11	the	the	DET
easat-8251	68	12	term	term	NOUN
easat-8251	68	13	“	"	PUNCT
easat-8251	68	14	diversification	diversification	NOUN
easat-8251	68	15	”	"	PUNCT
easat-8251	68	16	was	be	AUX
easat-8251	68	17	first	first	ADV
easat-8251	68	18	introduced	introduce	VERB
easat-8251	68	19	by	by	ADP
easat-8251	68	20	ansoff	ansoff	NOUN
easat-8251	69	1	[	[	X
easat-8251	69	2	7	7	X
easat-8251	69	3	]	]	PUNCT
easat-8251	69	4	in	in	ADP
easat-8251	69	5	his	his	PRON
easat-8251	69	6	famous	famous	ADJ
easat-8251	69	7	matrix	matrix	NOUN
easat-8251	69	8	.	.	PUNCT
easat-8251	70	1	ansoff	ansoff	PROPN
easat-8251	70	2	defined	define	VERB
easat-8251	70	3	diversification	diversification	NOUN
easat-8251	70	4	as	as	ADP
easat-8251	70	5	a	a	DET
easat-8251	70	6	strategy	strategy	NOUN
easat-8251	70	7	that	that	PRON
easat-8251	70	8	enables	enable	VERB
easat-8251	70	9	a	a	DET
easat-8251	70	10	firm	firm	NOUN
easat-8251	70	11	to	to	PART
easat-8251	70	12	grow	grow	VERB
easat-8251	70	13	by	by	ADP
easat-8251	70	14	creating	create	VERB
easat-8251	70	15	new	new	ADJ
easat-8251	70	16	products	product	NOUN
easat-8251	70	17	for	for	ADP
easat-8251	70	18	existing	exist	VERB
easat-8251	70	19	or	or	CCONJ
easat-8251	70	20	new	new	ADJ
easat-8251	70	21	markets	market	NOUN
easat-8251	70	22	.	.	PUNCT
easat-8251	71	1	compared	compare	VERB
easat-8251	71	2	to	to	ADP
easat-8251	71	3	the	the	DET
easat-8251	71	4	others	other	NOUN
easat-8251	71	5	,	,	PUNCT
easat-8251	71	6	diversification	diversification	NOUN
easat-8251	71	7	is	be	AUX
easat-8251	71	8	the	the	DET
easat-8251	71	9	riskiest	risky	ADJ
easat-8251	71	10	strategy	strategy	NOUN
easat-8251	71	11	,	,	PUNCT
easat-8251	71	12	as	as	SCONJ
easat-8251	71	13	it	it	PRON
easat-8251	71	14	requires	require	VERB
easat-8251	71	15	new	new	ADJ
easat-8251	71	16	skills	skill	NOUN
easat-8251	71	17	,	,	PUNCT
easat-8251	71	18	techniques	technique	NOUN
easat-8251	71	19	,	,	PUNCT
easat-8251	71	20	and	and	CCONJ
easat-8251	71	21	facilities	facility	NOUN
easat-8251	71	22	.	.	PUNCT
easat-8251	72	1	moreover	moreover	ADV
easat-8251	72	2	,	,	PUNCT
easat-8251	72	3	a	a	DET
easat-8251	72	4	firm	firm	NOUN
easat-8251	72	5	can	can	AUX
easat-8251	72	6	implement	implement	VERB
easat-8251	72	7	a	a	DET
easat-8251	72	8	related	relate	VERB
easat-8251	72	9	or	or	CCONJ
easat-8251	72	10	unrelated	unrelated	ADJ
easat-8251	72	11	diversification	diversification	NOUN
easat-8251	72	12	strategy	strategy	NOUN
easat-8251	72	13	.	.	PUNCT
easat-8251	73	1	ansoff	ansoff	PROPN
easat-8251	73	2	defines	define	VERB
easat-8251	73	3	diversification	diversification	NOUN
easat-8251	73	4	from	from	ADP
easat-8251	73	5	a	a	DET
easat-8251	73	6	corporate	corporate	ADJ
easat-8251	73	7	growth	growth	NOUN
easat-8251	73	8	perspective	perspective	NOUN
easat-8251	73	9	,	,	PUNCT
easat-8251	73	10	expressing	express	VERB
easat-8251	73	11	geographical	geographical	ADJ
easat-8251	73	12	markets	market	NOUN
easat-8251	73	13	and	and	CCONJ
easat-8251	73	14	products	product	NOUN
easat-8251	73	15	as	as	ADP
easat-8251	73	16	two	two	NUM
easat-8251	73	17	critical	critical	ADJ
easat-8251	73	18	aspects	aspect	NOUN
easat-8251	73	19	of	of	ADP
easat-8251	73	20	the	the	DET
easat-8251	73	21	diversification	diversification	NOUN
easat-8251	73	22	strategy	strategy	NOUN
easat-8251	73	23	.	.	PUNCT
easat-8251	74	1	the	the	DET
easat-8251	74	2	resource	resource	NOUN
easat-8251	74	3	-	-	PUNCT
easat-8251	74	4	based	base	VERB
easat-8251	74	5	theory	theory	NOUN
easat-8251	74	6	barney	barney	NOUN
easat-8251	74	7	[	[	X
easat-8251	74	8	8	8	NUM
easat-8251	74	9	]	]	PUNCT
easat-8251	74	10	reinforces	reinforce	VERB
easat-8251	74	11	this	this	DET
easat-8251	74	12	perspective	perspective	NOUN
easat-8251	74	13	by	by	ADP
easat-8251	74	14	emphasizing	emphasize	VERB
easat-8251	74	15	that	that	DET
easat-8251	74	16	successful	successful	ADJ
easat-8251	74	17	diversification	diversification	NOUN
easat-8251	74	18	stems	stem	VERB
easat-8251	74	19	from	from	ADP
easat-8251	74	20	the	the	DET
easat-8251	74	21	effective	effective	ADJ
easat-8251	74	22	utilization	utilization	NOUN
easat-8251	74	23	of	of	ADP
easat-8251	74	24	resources	resource	NOUN
easat-8251	74	25	.	.	PUNCT
easat-8251	75	1	product	product	NOUN
easat-8251	75	2	and	and	CCONJ
easat-8251	75	3	market	market	NOUN
easat-8251	75	4	diversification	diversification	NOUN
easat-8251	75	5	can	can	AUX
easat-8251	75	6	enhance	enhance	VERB
easat-8251	75	7	companies	company	NOUN
easat-8251	75	8	'	'	PART
easat-8251	75	9	competitive	competitive	ADJ
easat-8251	75	10	advantages	advantage	NOUN
easat-8251	75	11	,	,	PUNCT
easat-8251	75	12	resulting	result	VERB
easat-8251	75	13	in	in	ADP
easat-8251	75	14	overperformance	overperformance	NOUN
easat-8251	75	15	compared	compare	VERB
easat-8251	75	16	to	to	ADP
easat-8251	75	17	their	their	PRON
easat-8251	75	18	peer	peer	NOUN
easat-8251	75	19	firms	firm	NOUN
easat-8251	75	20	.	.	PUNCT
easat-8251	76	1	alternatively	alternatively	ADV
easat-8251	76	2	,	,	PUNCT
easat-8251	76	3	diversification	diversification	NOUN
easat-8251	76	4	is	be	AUX
easat-8251	76	5	the	the	DET
easat-8251	76	6	way	way	NOUN
easat-8251	76	7	that	that	PRON
easat-8251	76	8	a	a	DET
easat-8251	76	9	firm	firm	NOUN
easat-8251	76	10	achieves	achieve	VERB
easat-8251	76	11	competitive	competitive	ADJ
easat-8251	76	12	advantages	advantage	NOUN
easat-8251	76	13	.	.	PUNCT
easat-8251	77	1	porter	porter	NOUN
easat-8251	77	2	[	[	X
easat-8251	77	3	9	9	NUM
easat-8251	77	4	]	]	PUNCT
easat-8251	77	5	suggests	suggest	VERB
easat-8251	77	6	that	that	SCONJ
easat-8251	77	7	a	a	DET
easat-8251	77	8	firm	firm	NOUN
easat-8251	77	9	can	can	AUX
easat-8251	77	10	implement	implement	VERB
easat-8251	77	11	diversification	diversification	NOUN
easat-8251	77	12	to	to	PART
easat-8251	77	13	leverage	leverage	VERB
easat-8251	77	14	its	its	PRON
easat-8251	77	15	sustainable	sustainable	ADJ
easat-8251	77	16	competitive	competitive	ADJ
easat-8251	77	17	advantages	advantage	NOUN
easat-8251	77	18	over	over	ADP
easat-8251	77	19	competitors	competitor	NOUN
easat-8251	77	20	.	.	PUNCT
easat-8251	78	1	porter	porter	NOUN
easat-8251	78	2	’s	’s	PART
easat-8251	78	3	definition	definition	NOUN
easat-8251	78	4	of	of	ADP
easat-8251	78	5	diversification	diversification	NOUN
easat-8251	78	6	aligns	align	VERB
easat-8251	78	7	with	with	ADP
easat-8251	78	8	the	the	DET
easat-8251	78	9	resource	resource	NOUN
easat-8251	78	10	-	-	PUNCT
easat-8251	78	11	based	base	VERB
easat-8251	78	12	perspective	perspective	NOUN
easat-8251	78	13	,	,	PUNCT
easat-8251	78	14	which	which	PRON
easat-8251	78	15	expresses	express	VERB
easat-8251	78	16	diversification	diversification	NOUN
easat-8251	78	17	as	as	ADP
easat-8251	78	18	optimizing	optimize	VERB
easat-8251	78	19	firms	firm	NOUN
easat-8251	78	20	’	'	PUNCT
easat-8251	78	21	resources	resource	NOUN
easat-8251	78	22	to	to	PART
easat-8251	78	23	achieve	achieve	VERB
easat-8251	78	24	sustainable	sustainable	ADJ
easat-8251	78	25	competitive	competitive	ADJ
easat-8251	78	26	advantages	advantage	NOUN
easat-8251	78	27	and	and	CCONJ
easat-8251	78	28	improved	improve	VERB
easat-8251	78	29	firm	firm	ADJ
easat-8251	78	30	performance	performance	NOUN
easat-8251	78	31	.	.	PUNCT
easat-8251	79	1	revenue	revenue	NOUN
easat-8251	79	2	growth	growth	NOUN
easat-8251	79	3	,	,	PUNCT
easat-8251	79	4	expansion	expansion	NOUN
easat-8251	79	5	,	,	PUNCT
easat-8251	79	6	cost	cost	NOUN
easat-8251	79	7	reduction	reduction	NOUN
easat-8251	79	8	,	,	PUNCT
easat-8251	79	9	and	and	CCONJ
easat-8251	79	10	market	market	NOUN
easat-8251	79	11	synergies	synergy	NOUN
easat-8251	79	12	can	can	AUX
easat-8251	79	13	help	help	VERB
easat-8251	79	14	a	a	DET
easat-8251	79	15	firm	firm	NOUN
easat-8251	79	16	achieve	achieve	VERB
easat-8251	79	17	overperformance	overperformance	NOUN
easat-8251	79	18	and	and	CCONJ
easat-8251	79	19	sustainable	sustainable	ADJ
easat-8251	79	20	competitive	competitive	ADJ
easat-8251	79	21	advantages	advantage	NOUN
easat-8251	79	22	.	.	PUNCT
easat-8251	80	1	in	in	ADP
easat-8251	80	2	contrast	contrast	NOUN
easat-8251	80	3	,	,	PUNCT
easat-8251	80	4	jensen	jensen	PROPN
easat-8251	80	5	and	and	CCONJ
easat-8251	80	6	meckling	meckle	VERB
easat-8251	80	7	[	[	X
easat-8251	80	8	10	10	NUM
easat-8251	80	9	]	]	PUNCT
easat-8251	80	10	argue	argue	VERB
easat-8251	80	11	that	that	SCONJ
easat-8251	80	12	business	business	NOUN
easat-8251	80	13	diversification	diversification	NOUN
easat-8251	80	14	can	can	AUX
easat-8251	80	15	result	result	VERB
easat-8251	80	16	from	from	ADP
easat-8251	80	17	managers	manager	NOUN
easat-8251	80	18	'	'	PART
easat-8251	80	19	empire	empire	NOUN
easat-8251	80	20	-	-	PUNCT
easat-8251	80	21	building	building	NOUN
easat-8251	80	22	behavior	behavior	NOUN
easat-8251	80	23	,	,	PUNCT
easat-8251	80	24	which	which	PRON
easat-8251	80	25	aims	aim	VERB
easat-8251	80	26	to	to	PART
easat-8251	80	27	maximize	maximize	VERB
easat-8251	80	28	management	management	NOUN
easat-8251	80	29	utility	utility	NOUN
easat-8251	80	30	at	at	ADP
easat-8251	80	31	the	the	DET
easat-8251	80	32	expense	expense	NOUN
easat-8251	80	33	of	of	ADP
easat-8251	80	34	shareholders	shareholder	NOUN
easat-8251	80	35	.	.	PUNCT
easat-8251	81	1	business	business	NOUN
easat-8251	81	2	diversification	diversification	NOUN
easat-8251	81	3	is	be	AUX
easat-8251	81	4	not	not	PART
easat-8251	81	5	always	always	ADV
easat-8251	81	6	based	base	VERB
easat-8251	81	7	on	on	ADP
easat-8251	81	8	the	the	DET
easat-8251	81	9	company	company	NOUN
easat-8251	81	10	's	's	PART
easat-8251	81	11	actual	actual	ADJ
easat-8251	81	12	needs	need	NOUN
easat-8251	81	13	.	.	PUNCT
easat-8251	82	1	instead	instead	ADV
easat-8251	82	2	,	,	PUNCT
easat-8251	82	3	it	it	PRON
easat-8251	82	4	is	be	AUX
easat-8251	82	5	motivated	motivate	VERB
easat-8251	82	6	by	by	ADP
easat-8251	82	7	managers	manager	NOUN
easat-8251	82	8	who	who	PRON
easat-8251	82	9	control	control	VERB
easat-8251	82	10	the	the	DET
easat-8251	82	11	free	free	ADJ
easat-8251	82	12	cash	cash	NOUN
easat-8251	82	13	flow	flow	NOUN
easat-8251	82	14	.	.	PUNCT
easat-8251	83	1	agency	agency	NOUN
easat-8251	83	2	costs	cost	NOUN
easat-8251	83	3	deteriorate	deteriorate	VERB
easat-8251	83	4	the	the	DET
easat-8251	83	5	firm	firm	NOUN
easat-8251	83	6	's	's	PART
easat-8251	83	7	value	value	NOUN
easat-8251	83	8	,	,	PUNCT
easat-8251	83	9	thereby	thereby	ADV
easat-8251	83	10	decreasing	decrease	VERB
easat-8251	83	11	shareholders	shareholder	NOUN
easat-8251	83	12	’	'	PUNCT
easat-8251	83	13	wealth	wealth	NOUN
easat-8251	83	14	.	.	PUNCT
easat-8251	84	1	hence	hence	ADV
easat-8251	84	2	,	,	PUNCT
easat-8251	84	3	business	business	NOUN
easat-8251	84	4	diversification	diversification	NOUN
easat-8251	84	5	is	be	AUX
easat-8251	84	6	risky	risky	ADJ
easat-8251	84	7	to	to	ADP
easat-8251	84	8	a	a	DET
easat-8251	84	9	firm	firm	NOUN
easat-8251	84	10	.	.	PUNCT
easat-8251	85	1	sohl	sohl	PROPN
easat-8251	85	2	,	,	PUNCT
easat-8251	85	3	et	et	PROPN
easat-8251	85	4	al	al	PROPN
easat-8251	85	5	.	.	PUNCT
easat-8251	86	1	[	[	X
easat-8251	86	2	11	11	NUM
easat-8251	86	3	]	]	PUNCT
easat-8251	86	4	reported	report	VERB
easat-8251	86	5	the	the	DET
easat-8251	86	6	existence	existence	NOUN
easat-8251	86	7	of	of	ADP
easat-8251	86	8	a	a	DET
easat-8251	86	9	turning	turning	NOUN
easat-8251	86	10	point	point	NOUN
easat-8251	86	11	when	when	SCONJ
easat-8251	86	12	examining	examine	VERB
easat-8251	86	13	the	the	DET
easat-8251	86	14	impact	impact	NOUN
easat-8251	86	15	of	of	ADP
easat-8251	86	16	business	business	NOUN
easat-8251	86	17	diversification	diversification	NOUN
easat-8251	86	18	on	on	ADP
easat-8251	86	19	firm	firm	ADJ
easat-8251	86	20	performance	performance	NOUN
easat-8251	86	21	.	.	PUNCT
easat-8251	87	1	business	business	NOUN
easat-8251	87	2	model	model	NOUN
easat-8251	87	3	diversification	diversification	NOUN
easat-8251	87	4	is	be	AUX
easat-8251	87	5	approached	approach	VERB
easat-8251	87	6	from	from	ADP
easat-8251	87	7	the	the	DET
easat-8251	87	8	demand	demand	NOUN
easat-8251	87	9	side	side	NOUN
easat-8251	87	10	,	,	PUNCT
easat-8251	87	11	allowing	allow	VERB
easat-8251	87	12	a	a	DET
easat-8251	87	13	firm	firm	NOUN
easat-8251	87	14	to	to	PART
easat-8251	87	15	offer	offer	VERB
easat-8251	87	16	different	different	ADJ
easat-8251	87	17	business	business	NOUN
easat-8251	87	18	activities	activity	NOUN
easat-8251	87	19	across	across	ADP
easat-8251	87	20	its	its	PRON
easat-8251	87	21	business	business	NOUN
easat-8251	87	22	model	model	NOUN
easat-8251	87	23	.	.	PUNCT
easat-8251	88	1	the	the	DET
easat-8251	88	2	supply	supply	NOUN
easat-8251	88	3	synergy	synergy	NOUN
easat-8251	88	4	is	be	AUX
easat-8251	88	5	created	create	VERB
easat-8251	88	6	when	when	SCONJ
easat-8251	88	7	particular	particular	ADJ
easat-8251	88	8	back	back	ADJ
easat-8251	88	9	-	-	PUNCT
easat-8251	88	10	end	end	NOUN
easat-8251	88	11	activities	activity	NOUN
easat-8251	88	12	overlap	overlap	VERB
easat-8251	88	13	between	between	ADP
easat-8251	88	14	business	business	NOUN
easat-8251	88	15	models	model	NOUN
easat-8251	88	16	.	.	PUNCT
easat-8251	89	1	this	this	DET
easat-8251	89	2	study	study	NOUN
easat-8251	89	3	validated	validate	VERB
easat-8251	89	4	the	the	DET
easat-8251	89	5	hypothesis	hypothesis	NOUN
easat-8251	89	6	of	of	ADP
easat-8251	89	7	an	an	DET
easat-8251	89	8	inverted	inverted	ADJ
easat-8251	89	9	u	u	ADJ
easat-8251	89	10	-	-	ADJ
easat-8251	89	11	shaped	shape	VERB
easat-8251	89	12	relationship	relationship	NOUN
easat-8251	89	13	between	between	ADP
easat-8251	89	14	business	business	NOUN
easat-8251	89	15	diversification	diversification	NOUN
easat-8251	89	16	and	and	CCONJ
easat-8251	89	17	firm	firm	ADJ
easat-8251	89	18	performance	performance	NOUN
easat-8251	89	19	.	.	PUNCT
easat-8251	90	1	rumelt	rumelt	PROPN
easat-8251	91	1	[	[	X
easat-8251	91	2	12	12	NUM
easat-8251	91	3	]	]	PUNCT
easat-8251	91	4	expressed	express	VERB
easat-8251	91	5	the	the	DET
easat-8251	91	6	importance	importance	NOUN
easat-8251	91	7	of	of	ADP
easat-8251	91	8	related	related	ADJ
easat-8251	91	9	business	business	NOUN
easat-8251	91	10	diversification	diversification	NOUN
easat-8251	91	11	to	to	ADP
easat-8251	91	12	firm	firm	ADJ
easat-8251	91	13	performance	performance	NOUN
easat-8251	91	14	.	.	PUNCT
easat-8251	92	1	he	he	PRON
easat-8251	92	2	defined	define	VERB
easat-8251	92	3	business	business	NOUN
easat-8251	92	4	diversification	diversification	NOUN
easat-8251	92	5	as	as	ADP
easat-8251	92	6	new	new	ADJ
easat-8251	92	7	activities	activity	NOUN
easat-8251	92	8	related	relate	VERB
easat-8251	92	9	to	to	ADP
easat-8251	92	10	the	the	DET
easat-8251	92	11	core	core	NOUN
easat-8251	92	12	business	business	NOUN
easat-8251	92	13	activities	activity	NOUN
easat-8251	92	14	.	.	PUNCT
easat-8251	93	1	since	since	SCONJ
easat-8251	93	2	related	relate	VERB
easat-8251	93	3	business	business	NOUN
easat-8251	93	4	diversification	diversification	NOUN
easat-8251	93	5	improves	improve	VERB
easat-8251	93	6	resource	resource	NOUN
easat-8251	93	7	-	-	PUNCT
easat-8251	93	8	sharing	share	VERB
easat-8251	93	9	efficiency	efficiency	NOUN
easat-8251	93	10	,	,	PUNCT
easat-8251	93	11	a	a	DET
easat-8251	93	12	company	company	NOUN
easat-8251	93	13	can	can	AUX
easat-8251	93	14	achieve	achieve	VERB
easat-8251	93	15	better	well	ADJ
easat-8251	93	16	performance	performance	NOUN
easat-8251	93	17	than	than	ADP
easat-8251	93	18	its	its	PRON
easat-8251	93	19	peers	peer	NOUN
easat-8251	93	20	.	.	PUNCT
easat-8251	94	1	in	in	ADP
easat-8251	94	2	contrast	contrast	NOUN
easat-8251	94	3	,	,	PUNCT
easat-8251	94	4	excessive	excessive	ADJ
easat-8251	94	5	diversification	diversification	NOUN
easat-8251	94	6	can	can	AUX
easat-8251	94	7	harm	harm	VERB
easat-8251	94	8	a	a	DET
easat-8251	94	9	firm	firm	NOUN
easat-8251	94	10	's	's	PART
easat-8251	94	11	performance	performance	NOUN
easat-8251	94	12	.	.	PUNCT
easat-8251	95	1	the	the	DET
easat-8251	95	2	role	role	NOUN
easat-8251	95	3	of	of	ADP
easat-8251	95	4	critical	critical	ADJ
easat-8251	95	5	resources	resource	NOUN
easat-8251	95	6	in	in	ADP
easat-8251	95	7	business	business	NOUN
easat-8251	95	8	diversification	diversification	NOUN
easat-8251	95	9	is	be	AUX
easat-8251	95	10	affirmed	affirm	VERB
easat-8251	95	11	in	in	ADP
easat-8251	95	12	the	the	DET
easat-8251	95	13	resource	resource	NOUN
easat-8251	95	14	-	-	PUNCT
easat-8251	95	15	based	base	VERB
easat-8251	95	16	theory	theory	NOUN
easat-8251	95	17	.	.	PUNCT
easat-8251	96	1	diversification	diversification	NOUN
easat-8251	96	2	enables	enable	VERB
easat-8251	96	3	a	a	DET
easat-8251	96	4	firm	firm	NOUN
easat-8251	96	5	to	to	PART
easat-8251	96	6	utilize	utilize	VERB
easat-8251	96	7	its	its	PRON
easat-8251	96	8	resources	resource	NOUN
easat-8251	96	9	more	more	ADV
easat-8251	96	10	efficiently	efficiently	ADV
easat-8251	96	11	,	,	PUNCT
easat-8251	96	12	thanks	thank	NOUN
easat-8251	96	13	to	to	ADP
easat-8251	96	14	economies	economy	NOUN
easat-8251	96	15	of	of	ADP
easat-8251	96	16	scale	scale	NOUN
easat-8251	96	17	and	and	CCONJ
easat-8251	96	18	scope	scope	NOUN
easat-8251	96	19	,	,	PUNCT
easat-8251	96	20	resulting	result	VERB
easat-8251	96	21	in	in	ADP
easat-8251	96	22	improved	improve	VERB
easat-8251	96	23	business	business	NOUN
easat-8251	96	24	performance	performance	NOUN
easat-8251	96	25	.	.	PUNCT
easat-8251	97	1	montgomery	montgomery	PROPN
easat-8251	98	1	[	[	X
easat-8251	98	2	13	13	NUM
easat-8251	98	3	]	]	PUNCT
easat-8251	98	4	identified	identify	VERB
easat-8251	98	5	three	three	NUM
easat-8251	98	6	motives	motive	NOUN
easat-8251	98	7	for	for	ADP
easat-8251	98	8	business	business	NOUN
easat-8251	98	9	diversification	diversification	NOUN
easat-8251	98	10	:	:	PUNCT
easat-8251	98	11	market	market	NOUN
easat-8251	98	12	power	power	NOUN
easat-8251	98	13	,	,	PUNCT
easat-8251	98	14	agency	agency	NOUN
easat-8251	98	15	,	,	PUNCT
easat-8251	98	16	and	and	CCONJ
easat-8251	98	17	resource	resource	NOUN
easat-8251	98	18	-	-	PUNCT
easat-8251	98	19	based	base	VERB
easat-8251	98	20	view	view	NOUN
easat-8251	98	21	.	.	PUNCT
easat-8251	99	1	he	he	PRON
easat-8251	99	2	argued	argue	VERB
easat-8251	99	3	that	that	SCONJ
easat-8251	99	4	business	business	NOUN
easat-8251	99	5	diversification	diversification	NOUN
easat-8251	99	6	is	be	AUX
easat-8251	99	7	not	not	PART
easat-8251	99	8	always	always	ADV
easat-8251	99	9	the	the	DET
easat-8251	99	10	route	route	NOUN
easat-8251	99	11	to	to	ADP
easat-8251	99	12	business	business	NOUN
easat-8251	99	13	success	success	NOUN
easat-8251	99	14	,	,	PUNCT
easat-8251	99	15	and	and	CCONJ
easat-8251	99	16	empirical	empirical	ADJ
easat-8251	99	17	findings	finding	NOUN
easat-8251	99	18	supported	support	VERB
easat-8251	99	19	the	the	DET
easat-8251	99	20	agency	agency	NOUN
easat-8251	99	21	theory	theory	NOUN
easat-8251	99	22	,	,	PUNCT
easat-8251	99	23	contradicting	contradict	VERB
easat-8251	99	24	the	the	DET
easat-8251	99	25	market	market	NOUN
easat-8251	99	26	power	power	NOUN
easat-8251	99	27	hypothesis	hypothesis	NOUN
easat-8251	99	28	.	.	PUNCT
easat-8251	100	1	that	that	PRON
easat-8251	100	2	raises	raise	VERB
easat-8251	100	3	the	the	DET
easat-8251	100	4	question	question	NOUN
easat-8251	100	5	of	of	ADP
easat-8251	100	6	the	the	DET
easat-8251	100	7	relevance	relevance	NOUN
easat-8251	100	8	of	of	ADP
easat-8251	100	9	business	business	NOUN
easat-8251	100	10	diversification	diversification	NOUN
easat-8251	100	11	.	.	PUNCT
easat-8251	101	1	business	business	NOUN
easat-8251	101	2	diversification	diversification	NOUN
easat-8251	101	3	can	can	AUX
easat-8251	101	4	lead	lead	VERB
easat-8251	101	5	to	to	ADP
easat-8251	101	6	agency	agency	NOUN
easat-8251	101	7	costs	cost	NOUN
easat-8251	101	8	for	for	ADP
easat-8251	101	9	a	a	DET
easat-8251	101	10	firm	firm	NOUN
easat-8251	101	11	and	and	CCONJ
easat-8251	101	12	ultimately	ultimately	ADV
easat-8251	101	13	erode	erode	VERB
easat-8251	101	14	its	its	PRON
easat-8251	101	15	profitability	profitability	NOUN
easat-8251	101	16	.	.	PUNCT
easat-8251	102	1	therefore	therefore	ADV
easat-8251	102	2	,	,	PUNCT
easat-8251	102	3	excessive	excessive	ADJ
easat-8251	102	4	diversification	diversification	NOUN
easat-8251	102	5	may	may	AUX
easat-8251	102	6	undermine	undermine	VERB
easat-8251	102	7	corporate	corporate	ADJ
easat-8251	102	8	performance	performance	NOUN
easat-8251	102	9	and	and	CCONJ
easat-8251	102	10	value	value	NOUN
easat-8251	102	11	.	.	PUNCT
easat-8251	102	12	le	le	X
easat-8251	103	1	[	[	X
easat-8251	103	2	14	14	NUM
easat-8251	103	3	]	]	PUNCT
easat-8251	103	4	referred	refer	VERB
easat-8251	103	5	to	to	ADP
easat-8251	103	6	this	this	DET
easat-8251	103	7	effect	effect	NOUN
easat-8251	103	8	as	as	ADP
easat-8251	103	9	the	the	DET
easat-8251	103	10	“	"	PUNCT
easat-8251	103	11	diversification	diversification	NOUN
easat-8251	103	12	discount	discount	NOUN
easat-8251	103	13	.	.	PUNCT
easat-8251	103	14	”	"	PUNCT
easat-8251	104	1	in	in	ADP
easat-8251	104	2	summary	summary	NOUN
easat-8251	104	3	,	,	PUNCT
easat-8251	104	4	there	there	PRON
easat-8251	104	5	is	be	VERB
easat-8251	104	6	no	no	DET
easat-8251	104	7	one	one	NUM
easat-8251	104	8	-	-	PUNCT
easat-8251	104	9	size	size	NOUN
easat-8251	104	10	-	-	PUNCT
easat-8251	104	11	fits	fit	VERB
easat-8251	104	12	-	-	PUNCT
easat-8251	104	13	all	all	PRON
easat-8251	104	14	definition	definition	NOUN
easat-8251	104	15	for	for	ADP
easat-8251	104	16	business	business	NOUN
easat-8251	104	17	diversification	diversification	NOUN
easat-8251	104	18	.	.	PUNCT
easat-8251	105	1	from	from	ADP
easat-8251	105	2	a	a	DET
easat-8251	105	3	broader	broad	ADJ
easat-8251	105	4	perspective	perspective	NOUN
easat-8251	105	5	,	,	PUNCT
easat-8251	105	6	business	business	NOUN
easat-8251	105	7	diversification	diversification	NOUN
easat-8251	105	8	can	can	AUX
easat-8251	105	9	be	be	AUX
easat-8251	105	10	understood	understand	VERB
easat-8251	105	11	as	as	ADP
easat-8251	105	12	a	a	DET
easat-8251	105	13	company	company	NOUN
easat-8251	105	14	's	's	PART
easat-8251	105	15	strategic	strategic	ADJ
easat-8251	105	16	choice	choice	NOUN
easat-8251	105	17	to	to	PART
easat-8251	105	18	expand	expand	VERB
easat-8251	105	19	its	its	PRON
easat-8251	105	20	coverage	coverage	NOUN
easat-8251	105	21	and	and	CCONJ
easat-8251	105	22	enhance	enhance	VERB
easat-8251	105	23	its	its	PRON
easat-8251	105	24	market	market	NOUN
easat-8251	105	25	impact	impact	NOUN
easat-8251	105	26	by	by	ADP
easat-8251	105	27	deploying	deploy	VERB
easat-8251	105	28	its	its	PRON
easat-8251	105	29	specific	specific	ADJ
easat-8251	105	30	assets	asset	NOUN
easat-8251	105	31	and	and	CCONJ
easat-8251	105	32	resources	resource	NOUN
easat-8251	105	33	for	for	ADP
easat-8251	105	34	both	both	CCONJ
easat-8251	105	35	related	related	ADJ
easat-8251	105	36	and	and	CCONJ
easat-8251	105	37	unrelated	unrelated	ADJ
easat-8251	105	38	business	business	NOUN
easat-8251	105	39	activities	activity	NOUN
easat-8251	105	40	.	.	PUNCT
easat-8251	106	1	business	business	NOUN
easat-8251	106	2	diversification	diversification	NOUN
easat-8251	106	3	can	can	AUX
easat-8251	106	4	be	be	AUX
easat-8251	106	5	done	do	VERB
easat-8251	106	6	primarily	primarily	ADV
easat-8251	106	7	by	by	ADP
easat-8251	106	8	product	product	NOUN
easat-8251	106	9	or	or	CCONJ
easat-8251	106	10	location	location	NOUN
easat-8251	106	11	1865	1865	NUM
easat-8251	106	12	edelweiss	edelweiss	PROPN
easat-8251	106	13	applied	apply	VERB
easat-8251	106	14	science	science	NOUN
easat-8251	106	15	and	and	CCONJ
easat-8251	106	16	technology	technology	NOUN
easat-8251	106	17	issn	issn	PROPN
easat-8251	106	18	:	:	PUNCT
easat-8251	106	19	2576	2576	NUM
easat-8251	106	20	-	-	SYM
easat-8251	106	21	8484	8484	NUM
easat-8251	106	22	vol	vol	NOUN
easat-8251	106	23	.	.	PROPN
easat-8251	107	1	9	9	NUM
easat-8251	107	2	,	,	PUNCT
easat-8251	107	3	no	no	INTJ
easat-8251	107	4	.	.	NOUN
easat-8251	107	5	6	6	NUM
easat-8251	107	6	:	:	SYM
easat-8251	107	7	1862	1862	NUM
easat-8251	107	8	-	-	SYM
easat-8251	107	9	1874	1874	NUM
easat-8251	107	10	,	,	PUNCT
easat-8251	107	11	2025	2025	NUM
easat-8251	107	12	doi	doi	NOUN
easat-8251	107	13	:	:	PUNCT
easat-8251	107	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	107	15	©	©	PROPN
easat-8251	107	16	2025	2025	NUM
easat-8251	107	17	by	by	ADP
easat-8251	107	18	the	the	DET
easat-8251	107	19	authors	author	NOUN
easat-8251	107	20	;	;	PUNCT
easat-8251	107	21	licensee	licensee	PROPN
easat-8251	107	22	learning	learn	VERB
easat-8251	107	23	gate	gate	NOUN
easat-8251	107	24	extension	extension	NOUN
easat-8251	107	25	.	.	PUNCT
easat-8251	108	1	however	however	ADV
easat-8251	108	2	,	,	PUNCT
easat-8251	108	3	the	the	DET
easat-8251	108	4	relevance	relevance	NOUN
easat-8251	108	5	of	of	ADP
easat-8251	108	6	business	business	NOUN
easat-8251	108	7	diversification	diversification	NOUN
easat-8251	108	8	to	to	ADP
easat-8251	108	9	business	business	NOUN
easat-8251	108	10	performance	performance	NOUN
easat-8251	108	11	is	be	AUX
easat-8251	108	12	questionable	questionable	ADJ
easat-8251	108	13	.	.	PUNCT
easat-8251	109	1	the	the	DET
easat-8251	109	2	empirical	empirical	ADJ
easat-8251	109	3	findings	finding	NOUN
easat-8251	109	4	from	from	ADP
easat-8251	109	5	previous	previous	ADJ
easat-8251	109	6	studies	study	NOUN
easat-8251	109	7	are	be	AUX
easat-8251	109	8	mixed	mixed	ADJ
easat-8251	109	9	,	,	PUNCT
easat-8251	109	10	requiring	require	VERB
easat-8251	109	11	further	further	ADJ
easat-8251	109	12	studies	study	NOUN
easat-8251	109	13	to	to	PART
easat-8251	109	14	validate	validate	VERB
easat-8251	109	15	the	the	DET
easat-8251	109	16	theoretical	theoretical	ADJ
easat-8251	109	17	foundation	foundation	NOUN
easat-8251	109	18	.	.	PUNCT
easat-8251	110	1	2.2	2.2	NUM
easat-8251	110	2	.	.	PUNCT
easat-8251	110	3	hypothesis	hypothesis	NOUN
easat-8251	110	4	development	development	NOUN
easat-8251	110	5	for	for	ADP
easat-8251	110	6	the	the	DET
easat-8251	110	7	impact	impact	NOUN
easat-8251	110	8	of	of	ADP
easat-8251	110	9	diversification	diversification	NOUN
easat-8251	110	10	on	on	ADP
easat-8251	110	11	the	the	DET
easat-8251	110	12	performance	performance	NOUN
easat-8251	110	13	of	of	ADP
easat-8251	110	14	securities	security	NOUN
easat-8251	110	15	firms	firm	NOUN
easat-8251	110	16	in	in	ADP
easat-8251	110	17	vietnam	vietnam	PROPN
easat-8251	110	18	the	the	DET
easat-8251	110	19	financial	financial	ADJ
easat-8251	110	20	performance	performance	NOUN
easat-8251	110	21	of	of	ADP
easat-8251	110	22	securities	security	NOUN
easat-8251	110	23	companies	company	NOUN
easat-8251	110	24	is	be	AUX
easat-8251	110	25	closely	closely	ADV
easat-8251	110	26	linked	link	VERB
easat-8251	110	27	to	to	ADP
easat-8251	110	28	the	the	DET
easat-8251	110	29	diversity	diversity	NOUN
easat-8251	110	30	and	and	CCONJ
easat-8251	110	31	stability	stability	NOUN
easat-8251	110	32	of	of	ADP
easat-8251	110	33	their	their	PRON
easat-8251	110	34	revenue	revenue	NOUN
easat-8251	110	35	streams	stream	NOUN
easat-8251	110	36	,	,	PUNCT
easat-8251	110	37	including	include	VERB
easat-8251	110	38	trading	trading	NOUN
easat-8251	110	39	commissions	commission	NOUN
easat-8251	110	40	,	,	PUNCT
easat-8251	110	41	advisory	advisory	ADJ
easat-8251	110	42	fees	fee	NOUN
easat-8251	110	43	,	,	PUNCT
easat-8251	110	44	asset	asset	NOUN
easat-8251	110	45	management	management	NOUN
easat-8251	110	46	,	,	PUNCT
easat-8251	110	47	and	and	CCONJ
easat-8251	110	48	proprietary	proprietary	ADJ
easat-8251	110	49	trading	trading	NOUN
easat-8251	110	50	.	.	PUNCT
easat-8251	111	1	trading	trading	NOUN
easat-8251	111	2	commissions	commission	NOUN
easat-8251	111	3	,	,	PUNCT
easat-8251	111	4	which	which	PRON
easat-8251	111	5	are	be	AUX
easat-8251	111	6	dependent	dependent	ADJ
easat-8251	111	7	on	on	ADP
easat-8251	111	8	client	client	NOUN
easat-8251	111	9	trading	trading	NOUN
easat-8251	111	10	volumes	volume	NOUN
easat-8251	111	11	,	,	PUNCT
easat-8251	111	12	tend	tend	VERB
easat-8251	111	13	to	to	PART
easat-8251	111	14	rise	rise	VERB
easat-8251	111	15	during	during	ADP
easat-8251	111	16	periods	period	NOUN
easat-8251	111	17	of	of	ADP
easat-8251	111	18	market	market	NOUN
easat-8251	111	19	volatility	volatility	NOUN
easat-8251	111	20	or	or	CCONJ
easat-8251	111	21	bullish	bullish	ADJ
easat-8251	111	22	trends	trend	NOUN
easat-8251	111	23	but	but	CCONJ
easat-8251	111	24	decline	decline	VERB
easat-8251	111	25	in	in	ADP
easat-8251	111	26	bear	bear	NOUN
easat-8251	111	27	markets	market	NOUN
easat-8251	111	28	,	,	PUNCT
easat-8251	111	29	directly	directly	ADV
easat-8251	111	30	impacting	impact	VERB
easat-8251	111	31	profitability	profitability	NOUN
easat-8251	111	32	.	.	PUNCT
easat-8251	112	1	alali	alali	PROPN
easat-8251	112	2	,	,	PUNCT
easat-8251	112	3	et	et	PROPN
easat-8251	112	4	al	al	PROPN
easat-8251	112	5	.	.	PUNCT
easat-8251	113	1	[	[	X
easat-8251	113	2	15	15	NUM
easat-8251	113	3	]	]	PUNCT
easat-8251	113	4	emphasize	emphasize	VERB
easat-8251	113	5	the	the	DET
easat-8251	113	6	need	need	NOUN
easat-8251	113	7	for	for	SCONJ
easat-8251	113	8	firms	firm	NOUN
easat-8251	113	9	to	to	PART
easat-8251	113	10	adapt	adapt	VERB
easat-8251	113	11	to	to	ADP
easat-8251	113	12	fluctuating	fluctuate	VERB
easat-8251	113	13	trading	trading	NOUN
easat-8251	113	14	volumes	volume	NOUN
easat-8251	113	15	and	and	CCONJ
easat-8251	113	16	changing	change	VERB
easat-8251	113	17	investor	investor	NOUN
easat-8251	113	18	behavior	behavior	NOUN
easat-8251	113	19	,	,	PUNCT
easat-8251	113	20	particularly	particularly	ADV
easat-8251	113	21	during	during	ADP
easat-8251	113	22	the	the	DET
easat-8251	113	23	digital	digital	ADJ
easat-8251	113	24	transformation	transformation	NOUN
easat-8251	113	25	era	era	NOUN
easat-8251	113	26	.	.	PUNCT
easat-8251	114	1	proprietary	proprietary	ADJ
easat-8251	114	2	trading	trading	NOUN
easat-8251	114	3	,	,	PUNCT
easat-8251	114	4	where	where	SCONJ
easat-8251	114	5	firms	firm	NOUN
easat-8251	114	6	invest	invest	VERB
easat-8251	114	7	their	their	PRON
easat-8251	114	8	capital	capital	NOUN
easat-8251	114	9	,	,	PUNCT
easat-8251	114	10	can	can	AUX
easat-8251	114	11	generate	generate	VERB
easat-8251	114	12	high	high	ADJ
easat-8251	114	13	returns	return	NOUN
easat-8251	114	14	in	in	ADP
easat-8251	114	15	favorable	favorable	ADJ
easat-8251	114	16	markets	market	NOUN
easat-8251	114	17	,	,	PUNCT
easat-8251	114	18	but	but	CCONJ
easat-8251	114	19	it	it	PRON
easat-8251	114	20	also	also	ADV
easat-8251	114	21	introduces	introduce	VERB
easat-8251	114	22	significant	significant	ADJ
easat-8251	114	23	risks	risk	NOUN
easat-8251	114	24	during	during	ADP
easat-8251	114	25	downturns	downturn	NOUN
easat-8251	114	26	.	.	PUNCT
easat-8251	115	1	diversification	diversification	NOUN
easat-8251	115	2	into	into	ADP
easat-8251	115	3	areas	area	NOUN
easat-8251	115	4	such	such	ADJ
easat-8251	115	5	as	as	ADP
easat-8251	115	6	wealth	wealth	NOUN
easat-8251	115	7	management	management	NOUN
easat-8251	115	8	,	,	PUNCT
easat-8251	115	9	fintech	fintech	NOUN
easat-8251	115	10	,	,	PUNCT
easat-8251	115	11	or	or	CCONJ
easat-8251	115	12	foreign	foreign	ADJ
easat-8251	115	13	markets	market	NOUN
easat-8251	115	14	helps	help	VERB
easat-8251	115	15	securities	security	NOUN
easat-8251	115	16	firms	firm	NOUN
easat-8251	115	17	mitigate	mitigate	VERB
easat-8251	115	18	risks	risk	NOUN
easat-8251	115	19	and	and	CCONJ
easat-8251	115	20	stabilize	stabilize	VERB
easat-8251	115	21	profitability	profitability	NOUN
easat-8251	115	22	,	,	PUNCT
easat-8251	115	23	as	as	SCONJ
easat-8251	115	24	firms	firm	NOUN
easat-8251	115	25	that	that	PRON
easat-8251	115	26	rely	rely	VERB
easat-8251	115	27	solely	solely	ADV
easat-8251	115	28	on	on	ADP
easat-8251	115	29	trading	trading	NOUN
easat-8251	115	30	or	or	CCONJ
easat-8251	115	31	proprietary	proprietary	ADJ
easat-8251	115	32	trading	trading	NOUN
easat-8251	115	33	are	be	AUX
easat-8251	115	34	more	more	ADV
easat-8251	115	35	vulnerable	vulnerable	ADJ
easat-8251	115	36	to	to	ADP
easat-8251	115	37	market	market	NOUN
easat-8251	115	38	fluctuations	fluctuation	NOUN
easat-8251	115	39	.	.	PUNCT
easat-8251	116	1	bhimani	bhimani	NOUN
easat-8251	117	1	[	[	X
easat-8251	117	2	16	16	NUM
easat-8251	117	3	]	]	PUNCT
easat-8251	117	4	argues	argue	VERB
easat-8251	117	5	that	that	SCONJ
easat-8251	117	6	diversified	diversified	ADJ
easat-8251	117	7	firms	firm	NOUN
easat-8251	117	8	are	be	AUX
easat-8251	117	9	better	well	ADV
easat-8251	117	10	equipped	equip	VERB
easat-8251	117	11	to	to	PART
easat-8251	117	12	navigate	navigate	VERB
easat-8251	117	13	volatility	volatility	NOUN
easat-8251	117	14	and	and	CCONJ
easat-8251	117	15	sustain	sustain	VERB
easat-8251	117	16	consistent	consistent	ADJ
easat-8251	117	17	profitability	profitability	NOUN
easat-8251	117	18	.	.	PUNCT
easat-8251	118	1	supporting	support	VERB
easat-8251	118	2	evidence	evidence	NOUN
easat-8251	118	3	for	for	ADP
easat-8251	118	4	the	the	DET
easat-8251	118	5	positive	positive	ADJ
easat-8251	118	6	impact	impact	NOUN
easat-8251	118	7	of	of	ADP
easat-8251	118	8	business	business	NOUN
easat-8251	118	9	diversification	diversification	NOUN
easat-8251	118	10	on	on	ADP
easat-8251	118	11	profitability	profitability	NOUN
easat-8251	118	12	includes	include	VERB
easat-8251	118	13	[	[	X
easat-8251	118	14	17	17	NUM
easat-8251	118	15	]	]	PUNCT
easat-8251	118	16	who	who	PRON
easat-8251	118	17	analyzed	analyze	VERB
easat-8251	118	18	a	a	DET
easat-8251	118	19	sample	sample	NOUN
easat-8251	118	20	of	of	ADP
easat-8251	118	21	2,372	2,372	NUM
easat-8251	118	22	banks	bank	NOUN
easat-8251	118	23	from	from	ADP
easat-8251	118	24	29	29	NUM
easat-8251	118	25	asian	asian	ADJ
easat-8251	118	26	pacific	pacific	ADJ
easat-8251	118	27	countries	country	NOUN
easat-8251	118	28	,	,	PUNCT
easat-8251	118	29	and	and	CCONJ
easat-8251	118	30	kenyoru	kenyoru	NOUN
easat-8251	118	31	,	,	PUNCT
easat-8251	118	32	et	et	PROPN
easat-8251	118	33	al	al	PROPN
easat-8251	118	34	.	.	PUNCT
easat-8251	119	1	[	[	X
easat-8251	119	2	18	18	NUM
easat-8251	119	3	]	]	PUNCT
easat-8251	119	4	who	who	PRON
easat-8251	119	5	studied	study	VERB
easat-8251	119	6	commercial	commercial	ADJ
easat-8251	119	7	banks	bank	NOUN
easat-8251	119	8	in	in	ADP
easat-8251	119	9	kenya	kenya	PROPN
easat-8251	119	10	.	.	PUNCT
easat-8251	120	1	however	however	ADV
easat-8251	120	2	,	,	PUNCT
easat-8251	120	3	adverse	adverse	ADJ
easat-8251	120	4	effects	effect	NOUN
easat-8251	120	5	were	be	AUX
easat-8251	120	6	also	also	ADV
easat-8251	120	7	found	find	VERB
easat-8251	120	8	in	in	ADP
easat-8251	120	9	some	some	DET
easat-8251	120	10	studies	study	NOUN
easat-8251	120	11	.	.	PUNCT
easat-8251	121	1	jouida	jouida	PROPN
easat-8251	121	2	,	,	PUNCT
easat-8251	121	3	et	et	PROPN
easat-8251	121	4	al	al	PROPN
easat-8251	121	5	.	.	PUNCT
easat-8251	122	1	[	[	X
easat-8251	122	2	19	19	NUM
easat-8251	122	3	]	]	PUNCT
easat-8251	122	4	demonstrated	demonstrate	VERB
easat-8251	122	5	that	that	SCONJ
easat-8251	122	6	activity	activity	NOUN
easat-8251	122	7	and	and	CCONJ
easat-8251	122	8	geographic	geographic	ADJ
easat-8251	122	9	diversification	diversification	NOUN
easat-8251	122	10	negatively	negatively	ADV
easat-8251	122	11	impacted	impact	VERB
easat-8251	122	12	the	the	DET
easat-8251	122	13	financial	financial	ADJ
easat-8251	122	14	performance	performance	NOUN
easat-8251	122	15	of	of	ADP
easat-8251	122	16	412	412	NUM
easat-8251	122	17	financial	financial	ADJ
easat-8251	122	18	institutions	institution	NOUN
easat-8251	122	19	in	in	ADP
easat-8251	122	20	france	france	PROPN
easat-8251	122	21	.	.	PUNCT
easat-8251	123	1	ali	ali	PROPN
easat-8251	123	2	,	,	PUNCT
easat-8251	123	3	et	et	PROPN
easat-8251	123	4	al	al	PROPN
easat-8251	123	5	.	.	PUNCT
easat-8251	124	1	[	[	X
easat-8251	124	2	20	20	NUM
easat-8251	124	3	]	]	PUNCT
easat-8251	124	4	found	find	VERB
easat-8251	124	5	the	the	DET
easat-8251	124	6	inverted	inverted	ADJ
easat-8251	124	7	u	u	NOUN
easat-8251	124	8	-	-	NOUN
easat-8251	124	9	shape	shape	NOUN
easat-8251	124	10	relationship	relationship	NOUN
easat-8251	124	11	between	between	ADP
easat-8251	124	12	corporate	corporate	ADJ
easat-8251	124	13	diversification	diversification	NOUN
easat-8251	124	14	and	and	CCONJ
easat-8251	124	15	firm	firm	ADJ
easat-8251	124	16	performance	performance	NOUN
easat-8251	124	17	.	.	PUNCT
easat-8251	125	1	the	the	DET
easat-8251	125	2	authors	author	NOUN
easat-8251	125	3	stated	state	VERB
easat-8251	125	4	that	that	SCONJ
easat-8251	125	5	excessive	excessive	ADJ
easat-8251	125	6	diversification	diversification	NOUN
easat-8251	125	7	increases	increase	VERB
easat-8251	125	8	agency	agency	NOUN
easat-8251	125	9	costs	cost	NOUN
easat-8251	125	10	and	and	CCONJ
easat-8251	125	11	leads	lead	VERB
easat-8251	125	12	to	to	ADP
easat-8251	125	13	internal	internal	ADJ
easat-8251	125	14	inefficiencies	inefficiency	NOUN
easat-8251	125	15	.	.	PUNCT
easat-8251	126	1	the	the	DET
easat-8251	126	2	authors	author	NOUN
easat-8251	126	3	used	use	VERB
easat-8251	126	4	a	a	DET
easat-8251	126	5	sample	sample	NOUN
easat-8251	126	6	of	of	ADP
easat-8251	126	7	141	141	NUM
easat-8251	126	8	non	non	ADJ
easat-8251	126	9	-	-	ADJ
easat-8251	126	10	financial	financial	ADJ
easat-8251	126	11	companies	company	NOUN
easat-8251	126	12	listed	list	VERB
easat-8251	126	13	on	on	ADP
easat-8251	126	14	the	the	DET
easat-8251	126	15	pakistani	pakistani	ADJ
easat-8251	126	16	stock	stock	NOUN
easat-8251	126	17	market	market	NOUN
easat-8251	126	18	between	between	ADP
easat-8251	126	19	2003	2003	NUM
easat-8251	126	20	and	and	CCONJ
easat-8251	126	21	2013	2013	NUM
easat-8251	126	22	.	.	PUNCT
easat-8251	127	1	in	in	ADP
easat-8251	127	2	the	the	DET
easat-8251	127	3	vietnamese	vietnamese	ADJ
easat-8251	127	4	context	context	NOUN
easat-8251	127	5	,	,	PUNCT
easat-8251	127	6	existing	exist	VERB
easat-8251	127	7	empirical	empirical	ADJ
easat-8251	127	8	evidence	evidence	NOUN
easat-8251	127	9	indicates	indicate	VERB
easat-8251	127	10	that	that	SCONJ
easat-8251	127	11	the	the	DET
easat-8251	127	12	impact	impact	NOUN
easat-8251	127	13	of	of	ADP
easat-8251	127	14	business	business	NOUN
easat-8251	127	15	diversification	diversification	NOUN
easat-8251	127	16	on	on	ADP
easat-8251	127	17	firm	firm	ADJ
easat-8251	127	18	performance	performance	NOUN
easat-8251	127	19	is	be	AUX
easat-8251	127	20	multifaceted	multifacete	VERB
easat-8251	127	21	.	.	PUNCT
easat-8251	128	1	santarelli	santarelli	PROPN
easat-8251	128	2	and	and	CCONJ
easat-8251	128	3	tran	tran	PROPN
easat-8251	129	1	[	[	X
easat-8251	129	2	21	21	NUM
easat-8251	129	3	]	]	PUNCT
easat-8251	129	4	identified	identify	VERB
easat-8251	129	5	a	a	DET
easat-8251	129	6	curvilinear	curvilinear	ADJ
easat-8251	129	7	relationship	relationship	NOUN
easat-8251	129	8	,	,	PUNCT
easat-8251	129	9	whereby	whereby	SCONJ
easat-8251	129	10	diversification	diversification	NOUN
easat-8251	129	11	initially	initially	ADV
easat-8251	129	12	enhances	enhance	VERB
easat-8251	129	13	profitability	profitability	NOUN
easat-8251	129	14	but	but	CCONJ
easat-8251	129	15	subsequently	subsequently	ADV
easat-8251	129	16	leads	lead	VERB
easat-8251	129	17	to	to	ADP
easat-8251	129	18	a	a	DET
easat-8251	129	19	deterioration	deterioration	NOUN
easat-8251	129	20	in	in	ADP
easat-8251	129	21	performance	performance	NOUN
easat-8251	129	22	.	.	PUNCT
easat-8251	130	1	conversely	conversely	ADV
easat-8251	130	2	,	,	PUNCT
easat-8251	130	3	studies	study	NOUN
easat-8251	130	4	such	such	ADJ
easat-8251	130	5	as	as	ADP
easat-8251	130	6	nguyen	nguyen	NOUN
easat-8251	130	7	-	-	PUNCT
easat-8251	130	8	thi	thi	PROPN
easat-8251	130	9	-	-	PUNCT
easat-8251	130	10	huong	huong	PROPN
easat-8251	130	11	,	,	PUNCT
easat-8251	130	12	et	et	PROPN
easat-8251	130	13	al	al	PROPN
easat-8251	130	14	.	.	PUNCT
easat-8251	131	1	[	[	X
easat-8251	131	2	22	22	NUM
easat-8251	131	3	]	]	PUNCT
easat-8251	131	4	demonstrate	demonstrate	VERB
easat-8251	131	5	that	that	SCONJ
easat-8251	131	6	diversification	diversification	NOUN
easat-8251	131	7	has	have	VERB
easat-8251	131	8	a	a	DET
easat-8251	131	9	positive	positive	ADJ
easat-8251	131	10	influence	influence	NOUN
easat-8251	131	11	on	on	ADP
easat-8251	131	12	firm	firm	ADJ
easat-8251	131	13	performance	performance	NOUN
easat-8251	131	14	,	,	PUNCT
easat-8251	131	15	particularly	particularly	ADV
easat-8251	131	16	through	through	ADP
easat-8251	131	17	improvements	improvement	NOUN
easat-8251	131	18	in	in	ADP
easat-8251	131	19	return	return	NOUN
easat-8251	131	20	on	on	ADP
easat-8251	131	21	assets	asset	NOUN
easat-8251	131	22	,	,	PUNCT
easat-8251	131	23	aligning	align	VERB
easat-8251	131	24	with	with	ADP
easat-8251	131	25	the	the	DET
easat-8251	131	26	resource	resource	NOUN
easat-8251	131	27	-	-	PUNCT
easat-8251	131	28	based	base	VERB
easat-8251	131	29	view	view	NOUN
easat-8251	131	30	and	and	CCONJ
easat-8251	131	31	trade	trade	NOUN
easat-8251	131	32	-	-	PUNCT
easat-8251	131	33	off	off	ADP
easat-8251	131	34	theories	theory	NOUN
easat-8251	131	35	that	that	PRON
easat-8251	131	36	highlight	highlight	VERB
easat-8251	131	37	the	the	DET
easat-8251	131	38	benefits	benefit	NOUN
easat-8251	131	39	of	of	ADP
easat-8251	131	40	strategic	strategic	ADJ
easat-8251	131	41	diversification	diversification	NOUN
easat-8251	131	42	.	.	PUNCT
easat-8251	132	1	in	in	ADP
easat-8251	132	2	contrast	contrast	NOUN
easat-8251	132	3	,	,	PUNCT
easat-8251	132	4	evidence	evidence	NOUN
easat-8251	132	5	from	from	ADP
easat-8251	132	6	the	the	DET
easat-8251	132	7	banking	banking	NOUN
easat-8251	132	8	sector	sector	NOUN
easat-8251	132	9	suggests	suggest	VERB
easat-8251	132	10	that	that	SCONJ
easat-8251	132	11	income	income	NOUN
easat-8251	132	12	diversification	diversification	NOUN
easat-8251	132	13	may	may	AUX
easat-8251	132	14	be	be	AUX
easat-8251	132	15	associated	associate	VERB
easat-8251	132	16	with	with	ADP
easat-8251	132	17	lower	low	ADJ
easat-8251	132	18	profitability	profitability	NOUN
easat-8251	132	19	[	[	X
easat-8251	132	20	23	23	NUM
easat-8251	132	21	]	]	PUNCT
easat-8251	132	22	.	.	PUNCT
easat-8251	133	1	furthermore	furthermore	ADV
easat-8251	133	2	,	,	PUNCT
easat-8251	133	3	research	research	NOUN
easat-8251	133	4	indicates	indicate	VERB
easat-8251	133	5	that	that	SCONJ
easat-8251	133	6	diversification	diversification	NOUN
easat-8251	133	7	does	do	AUX
easat-8251	133	8	not	not	PART
easat-8251	133	9	significantly	significantly	ADV
easat-8251	133	10	affect	affect	VERB
easat-8251	133	11	return	return	NOUN
easat-8251	133	12	on	on	ADP
easat-8251	133	13	equity	equity	NOUN
easat-8251	133	14	.	.	PUNCT
easat-8251	134	1	the	the	DET
easat-8251	134	2	role	role	NOUN
easat-8251	134	3	of	of	ADP
easat-8251	134	4	government	government	NOUN
easat-8251	134	5	support	support	NOUN
easat-8251	134	6	appears	appear	VERB
easat-8251	134	7	limited	limit	VERB
easat-8251	134	8	,	,	PUNCT
easat-8251	134	9	as	as	SCONJ
easat-8251	134	10	it	it	PRON
easat-8251	134	11	does	do	AUX
easat-8251	134	12	not	not	PART
easat-8251	134	13	exert	exert	VERB
easat-8251	134	14	a	a	DET
easat-8251	134	15	notable	notable	ADJ
easat-8251	134	16	influence	influence	NOUN
easat-8251	134	17	on	on	ADP
easat-8251	134	18	firm	firm	ADJ
easat-8251	134	19	performance	performance	NOUN
easat-8251	134	20	[	[	X
easat-8251	134	21	22	22	NUM
easat-8251	134	22	]	]	PUNCT
easat-8251	134	23	.	.	PUNCT
easat-8251	135	1	collectively	collectively	ADV
easat-8251	135	2	,	,	PUNCT
easat-8251	135	3	these	these	DET
easat-8251	135	4	findings	finding	NOUN
easat-8251	135	5	highlight	highlight	VERB
easat-8251	135	6	the	the	DET
easat-8251	135	7	importance	importance	NOUN
easat-8251	135	8	of	of	ADP
easat-8251	135	9	strategic	strategic	ADJ
easat-8251	135	10	and	and	CCONJ
easat-8251	135	11	meaningful	meaningful	ADJ
easat-8251	135	12	diversification	diversification	NOUN
easat-8251	135	13	,	,	PUNCT
easat-8251	135	14	tailored	tailor	VERB
easat-8251	135	15	to	to	PART
easat-8251	135	16	resource	resource	VERB
easat-8251	135	17	capabilities	capability	NOUN
easat-8251	135	18	and	and	CCONJ
easat-8251	135	19	contextual	contextual	ADJ
easat-8251	135	20	market	market	NOUN
easat-8251	135	21	conditions	condition	NOUN
easat-8251	135	22	,	,	PUNCT
easat-8251	135	23	in	in	ADP
easat-8251	135	24	optimizing	optimize	VERB
easat-8251	135	25	financial	financial	ADJ
easat-8251	135	26	outcomes	outcome	NOUN
easat-8251	135	27	for	for	ADP
easat-8251	135	28	vietnamese	vietnamese	ADJ
easat-8251	135	29	enterprises	enterprise	NOUN
easat-8251	135	30	.	.	PUNCT
easat-8251	136	1	h1	h1	PROPN
easat-8251	136	2	:	:	PUNCT
easat-8251	136	3	business	business	NOUN
easat-8251	136	4	diversification	diversification	NOUN
easat-8251	136	5	has	have	VERB
easat-8251	136	6	a	a	DET
easat-8251	136	7	significant	significant	ADJ
easat-8251	136	8	influence	influence	NOUN
easat-8251	136	9	on	on	ADP
easat-8251	136	10	the	the	DET
easat-8251	136	11	profitability	profitability	NOUN
easat-8251	136	12	of	of	ADP
easat-8251	136	13	listed	list	VERB
easat-8251	136	14	securities	security	NOUN
easat-8251	136	15	companies	company	NOUN
easat-8251	136	16	in	in	ADP
easat-8251	136	17	vietnam	vietnam	PROPN
easat-8251	136	18	.	.	PUNCT
easat-8251	137	1	jahera	jahera	PROPN
easat-8251	137	2	,	,	PUNCT
easat-8251	137	3	et	et	PROPN
easat-8251	137	4	al	al	PROPN
easat-8251	137	5	.	.	PUNCT
easat-8251	138	1	[	[	X
easat-8251	138	2	24	24	NUM
easat-8251	138	3	]	]	PUNCT
easat-8251	138	4	argued	argue	VERB
easat-8251	138	5	that	that	SCONJ
easat-8251	138	6	the	the	DET
easat-8251	138	7	relationship	relationship	NOUN
easat-8251	138	8	between	between	ADP
easat-8251	138	9	diversification	diversification	NOUN
easat-8251	138	10	and	and	CCONJ
easat-8251	138	11	firm	firm	ADJ
easat-8251	138	12	performance	performance	NOUN
easat-8251	138	13	depends	depend	VERB
easat-8251	138	14	on	on	ADP
easat-8251	138	15	the	the	DET
easat-8251	138	16	firm	firm	ADJ
easat-8251	138	17	size	size	NOUN
easat-8251	138	18	.	.	PUNCT
easat-8251	139	1	larger	large	ADJ
easat-8251	139	2	firms	firm	NOUN
easat-8251	139	3	tend	tend	VERB
easat-8251	139	4	to	to	PART
easat-8251	139	5	have	have	VERB
easat-8251	139	6	more	more	ADJ
easat-8251	139	7	shareholder	shareholder	NOUN
easat-8251	139	8	value	value	NOUN
easat-8251	139	9	and	and	CCONJ
easat-8251	139	10	profitability	profitability	NOUN
easat-8251	139	11	,	,	PUNCT
easat-8251	139	12	a	a	DET
easat-8251	139	13	superior	superior	ADJ
easat-8251	139	14	financing	financing	NOUN
easat-8251	139	15	position	position	NOUN
easat-8251	139	16	,	,	PUNCT
easat-8251	139	17	and	and	CCONJ
easat-8251	139	18	more	more	ADV
easat-8251	139	19	efficient	efficient	ADJ
easat-8251	139	20	cost	cost	NOUN
easat-8251	139	21	control	control	NOUN
easat-8251	139	22	than	than	ADP
easat-8251	139	23	small	small	ADJ
easat-8251	139	24	firms	firm	NOUN
easat-8251	139	25	.	.	PUNCT
easat-8251	140	1	firm	firm	ADJ
easat-8251	140	2	size	size	NOUN
easat-8251	140	3	can	can	AUX
easat-8251	140	4	be	be	AUX
easat-8251	140	5	correlated	correlate	VERB
easat-8251	140	6	with	with	ADP
easat-8251	140	7	performance	performance	NOUN
easat-8251	140	8	through	through	ADP
easat-8251	140	9	economies	economy	NOUN
easat-8251	140	10	of	of	ADP
easat-8251	140	11	scale	scale	NOUN
easat-8251	140	12	and	and	CCONJ
easat-8251	140	13	scope	scope	NOUN
easat-8251	140	14	[	[	X
easat-8251	140	15	20	20	NUM
easat-8251	140	16	]	]	PUNCT
easat-8251	140	17	.	.	PUNCT
easat-8251	141	1	therefore	therefore	ADV
easat-8251	141	2	,	,	PUNCT
easat-8251	141	3	the	the	DET
easat-8251	141	4	study	study	NOUN
easat-8251	141	5	includes	include	VERB
easat-8251	141	6	firm	firm	ADJ
easat-8251	141	7	size	size	NOUN
easat-8251	141	8	as	as	ADP
easat-8251	141	9	a	a	DET
easat-8251	141	10	variable	variable	NOUN
easat-8251	141	11	for	for	ADP
easat-8251	141	12	business	business	NOUN
easat-8251	141	13	diversification	diversification	NOUN
easat-8251	141	14	.	.	PUNCT
easat-8251	142	1	the	the	DET
easat-8251	142	2	significance	significance	NOUN
easat-8251	142	3	of	of	ADP
easat-8251	142	4	firm	firm	ADJ
easat-8251	142	5	size	size	NOUN
easat-8251	142	6	to	to	ADP
easat-8251	142	7	profitability	profitability	NOUN
easat-8251	142	8	is	be	AUX
easat-8251	142	9	emphasized	emphasize	VERB
easat-8251	142	10	theoretically	theoretically	ADV
easat-8251	142	11	from	from	ADP
easat-8251	142	12	the	the	DET
easat-8251	142	13	resource	resource	NOUN
easat-8251	142	14	-	-	PUNCT
easat-8251	142	15	based	base	VERB
easat-8251	142	16	view	view	NOUN
easat-8251	142	17	[	[	X
easat-8251	142	18	8	8	NUM
easat-8251	142	19	]	]	PUNCT
easat-8251	142	20	.	.	PUNCT
easat-8251	143	1	specifically	specifically	ADV
easat-8251	143	2	,	,	PUNCT
easat-8251	143	3	companies	company	NOUN
easat-8251	143	4	with	with	ADP
easat-8251	143	5	more	more	ADJ
easat-8251	143	6	resources	resource	NOUN
easat-8251	143	7	and	and	CCONJ
easat-8251	143	8	capabilities	capability	NOUN
easat-8251	143	9	have	have	VERB
easat-8251	143	10	a	a	DET
easat-8251	143	11	stronger	strong	ADJ
easat-8251	143	12	ability	ability	NOUN
easat-8251	143	13	to	to	PART
easat-8251	143	14	create	create	VERB
easat-8251	143	15	and	and	CCONJ
easat-8251	143	16	sustain	sustain	VERB
easat-8251	143	17	competitive	competitive	ADJ
easat-8251	143	18	advantages	advantage	NOUN
easat-8251	143	19	,	,	PUNCT
easat-8251	143	20	leading	lead	VERB
easat-8251	143	21	to	to	ADP
easat-8251	143	22	long	long	ADJ
easat-8251	143	23	-	-	PUNCT
easat-8251	143	24	term	term	NOUN
easat-8251	143	25	profitability	profitability	NOUN
easat-8251	143	26	and	and	CCONJ
easat-8251	143	27	sustainable	sustainable	ADJ
easat-8251	143	28	development	development	NOUN
easat-8251	143	29	.	.	PUNCT
easat-8251	144	1	moreover	moreover	ADV
easat-8251	144	2	,	,	PUNCT
easat-8251	144	3	bigger	big	ADJ
easat-8251	144	4	firms	firm	NOUN
easat-8251	144	5	have	have	VERB
easat-8251	144	6	a	a	DET
easat-8251	144	7	higher	high	ADJ
easat-8251	144	8	likelihood	likelihood	NOUN
easat-8251	144	9	of	of	ADP
easat-8251	144	10	engaging	engage	VERB
easat-8251	144	11	in	in	ADP
easat-8251	144	12	strategic	strategic	ADJ
easat-8251	144	13	conduct	conduct	NOUN
easat-8251	144	14	at	at	ADP
easat-8251	144	15	the	the	DET
easat-8251	144	16	industry	industry	NOUN
easat-8251	144	17	level	level	NOUN
easat-8251	144	18	according	accord	VERB
easat-8251	144	19	to	to	ADP
easat-8251	144	20	the	the	DET
easat-8251	144	21	scp	scp	PROPN
easat-8251	144	22	model	model	NOUN
easat-8251	144	23	.	.	PUNCT
easat-8251	145	1	hence	hence	ADV
easat-8251	145	2	,	,	PUNCT
easat-8251	145	3	these	these	DET
easat-8251	145	4	firms	firm	NOUN
easat-8251	145	5	enjoy	enjoy	VERB
easat-8251	145	6	higher	high	ADJ
easat-8251	145	7	profitability	profitability	NOUN
easat-8251	145	8	than	than	ADP
easat-8251	145	9	the	the	DET
easat-8251	145	10	smaller	small	ADJ
easat-8251	145	11	ones	one	NOUN
easat-8251	145	12	.	.	PUNCT
easat-8251	146	1	the	the	DET
easat-8251	146	2	impacts	impact	NOUN
easat-8251	146	3	of	of	ADP
easat-8251	146	4	size	size	NOUN
easat-8251	146	5	and	and	CCONJ
easat-8251	146	6	capital	capital	NOUN
easat-8251	146	7	level	level	NOUN
easat-8251	146	8	have	have	AUX
easat-8251	146	9	been	be	AUX
easat-8251	146	10	studied	study	VERB
easat-8251	146	11	by	by	ADP
easat-8251	146	12	numerous	numerous	ADJ
easat-8251	146	13	authors	author	NOUN
easat-8251	146	14	worldwide	worldwide	ADV
easat-8251	146	15	.	.	PUNCT
easat-8251	147	1	according	accord	VERB
easat-8251	147	2	to	to	ADP
easat-8251	147	3	gao	gao	PROPN
easat-8251	147	4	and	and	CCONJ
easat-8251	147	5	alarussi	alarussi	PROPN
easat-8251	147	6	[	[	X
easat-8251	147	7	25	25	NUM
easat-8251	147	8	]	]	PUNCT
easat-8251	147	9	size	size	NOUN
easat-8251	147	10	,	,	PUNCT
easat-8251	147	11	working	working	NOUN
easat-8251	147	12	capital	capital	NOUN
easat-8251	147	13	,	,	PUNCT
easat-8251	147	14	and	and	CCONJ
easat-8251	147	15	intangible	intangible	ADJ
easat-8251	147	16	assets	asset	NOUN
easat-8251	147	17	have	have	VERB
easat-8251	147	18	a	a	DET
easat-8251	147	19	significant	significant	ADJ
easat-8251	147	20	positive	positive	ADJ
easat-8251	147	21	impact	impact	NOUN
easat-8251	147	22	1866	1866	NUM
easat-8251	147	23	edelweiss	edelweiss	PROPN
easat-8251	147	24	applied	apply	VERB
easat-8251	147	25	science	science	NOUN
easat-8251	147	26	and	and	CCONJ
easat-8251	147	27	technology	technology	NOUN
easat-8251	147	28	issn	issn	PROPN
easat-8251	147	29	:	:	PUNCT
easat-8251	147	30	2576	2576	NUM
easat-8251	147	31	-	-	SYM
easat-8251	147	32	8484	8484	NUM
easat-8251	147	33	vol	vol	NOUN
easat-8251	147	34	.	.	PROPN
easat-8251	148	1	9	9	NUM
easat-8251	148	2	,	,	PUNCT
easat-8251	148	3	no	no	INTJ
easat-8251	148	4	.	.	NOUN
easat-8251	148	5	6	6	NUM
easat-8251	148	6	:	:	SYM
easat-8251	148	7	1862	1862	NUM
easat-8251	148	8	-	-	SYM
easat-8251	148	9	1874	1874	NUM
easat-8251	148	10	,	,	PUNCT
easat-8251	148	11	2025	2025	NUM
easat-8251	148	12	doi	doi	NOUN
easat-8251	148	13	:	:	PUNCT
easat-8251	148	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	148	15	©	©	PROPN
easat-8251	148	16	2025	2025	NUM
easat-8251	148	17	by	by	ADP
easat-8251	148	18	the	the	DET
easat-8251	148	19	authors	author	NOUN
easat-8251	148	20	;	;	PUNCT
easat-8251	148	21	licensee	licensee	PROPN
easat-8251	148	22	learning	learning	NOUN
easat-8251	148	23	gate	gate	NOUN
easat-8251	148	24	on	on	ADP
easat-8251	148	25	return	return	NOUN
easat-8251	148	26	on	on	ADP
easat-8251	148	27	assets	asset	NOUN
easat-8251	148	28	(	(	PUNCT
easat-8251	148	29	roa	roa	NOUN
easat-8251	148	30	)	)	PUNCT
easat-8251	148	31	and	and	CCONJ
easat-8251	148	32	earnings	earning	NOUN
easat-8251	148	33	per	per	ADP
easat-8251	148	34	share	share	NOUN
easat-8251	148	35	(	(	PUNCT
easat-8251	148	36	eps	eps	PROPN
easat-8251	148	37	)	)	PUNCT
easat-8251	148	38	.	.	PUNCT
easat-8251	149	1	small	small	ADJ
easat-8251	149	2	-	-	PUNCT
easat-8251	149	3	cap	cap	NOUN
easat-8251	149	4	companies	company	NOUN
easat-8251	149	5	,	,	PUNCT
easat-8251	149	6	due	due	ADP
easat-8251	149	7	to	to	ADP
easat-8251	149	8	their	their	PRON
easat-8251	149	9	inability	inability	NOUN
easat-8251	149	10	to	to	PART
easat-8251	149	11	adapt	adapt	VERB
easat-8251	149	12	to	to	ADP
easat-8251	149	13	technological	technological	ADJ
easat-8251	149	14	innovations	innovation	NOUN
easat-8251	149	15	,	,	PUNCT
easat-8251	149	16	experienced	experience	VERB
easat-8251	149	17	significant	significant	ADJ
easat-8251	149	18	declines	decline	NOUN
easat-8251	149	19	in	in	ADP
easat-8251	149	20	both	both	DET
easat-8251	149	21	efficiency	efficiency	NOUN
easat-8251	149	22	and	and	CCONJ
easat-8251	149	23	productivity	productivity	NOUN
easat-8251	149	24	cohen	cohen	PROPN
easat-8251	149	25	and	and	CCONJ
easat-8251	149	26	klepper	klepper	PROPN
easat-8251	150	1	[	[	X
easat-8251	150	2	26	26	NUM
easat-8251	150	3	]	]	PUNCT
easat-8251	150	4	;	;	PUNCT
easat-8251	150	5	de	de	X
easat-8251	150	6	massis	massis	NOUN
easat-8251	150	7	,	,	PUNCT
easat-8251	150	8	et	et	PROPN
easat-8251	150	9	al	al	PROPN
easat-8251	150	10	.	.	PUNCT
easat-8251	151	1	[	[	X
easat-8251	151	2	27	27	NUM
easat-8251	151	3	]	]	PUNCT
easat-8251	151	4	and	and	CCONJ
easat-8251	151	5	kijkasiwat	kijkasiwat	NOUN
easat-8251	151	6	and	and	CCONJ
easat-8251	151	7	phuensane	phuensane	NOUN
easat-8251	152	1	[	[	X
easat-8251	152	2	28	28	NUM
easat-8251	152	3	]	]	PUNCT
easat-8251	152	4	.	.	PUNCT
easat-8251	153	1	gupta	gupta	PROPN
easat-8251	153	2	,	,	PUNCT
easat-8251	153	3	et	et	PROPN
easat-8251	153	4	al	al	PROPN
easat-8251	153	5	.	.	PUNCT
easat-8251	154	1	[	[	X
easat-8251	154	2	29	29	NUM
easat-8251	154	3	]	]	X
easat-8251	154	4	propose	propose	VERB
easat-8251	154	5	that	that	SCONJ
easat-8251	154	6	a	a	DET
easat-8251	154	7	merger	merger	NOUN
easat-8251	154	8	strategy	strategy	NOUN
easat-8251	154	9	can	can	AUX
easat-8251	154	10	enhance	enhance	VERB
easat-8251	154	11	financial	financial	ADJ
easat-8251	154	12	capacity	capacity	NOUN
easat-8251	154	13	,	,	PUNCT
easat-8251	154	14	leading	lead	VERB
easat-8251	154	15	to	to	ADP
easat-8251	154	16	greater	great	ADJ
easat-8251	154	17	efficiency	efficiency	NOUN
easat-8251	154	18	and	and	CCONJ
easat-8251	154	19	increased	increase	VERB
easat-8251	154	20	value	value	NOUN
easat-8251	154	21	creation	creation	NOUN
easat-8251	154	22	.	.	PUNCT
easat-8251	155	1	alternatively	alternatively	ADV
easat-8251	155	2	,	,	PUNCT
easat-8251	155	3	economies	economy	NOUN
easat-8251	155	4	of	of	ADP
easat-8251	155	5	scale	scale	NOUN
easat-8251	155	6	are	be	AUX
easat-8251	155	7	the	the	DET
easat-8251	155	8	underlying	underlying	ADJ
easat-8251	155	9	motive	motive	NOUN
easat-8251	155	10	of	of	ADP
easat-8251	155	11	corporate	corporate	ADJ
easat-8251	155	12	mergers	merger	NOUN
easat-8251	155	13	.	.	PUNCT
easat-8251	156	1	my	my	PRON
easat-8251	156	2	and	and	CCONJ
easat-8251	156	3	abbott	abbott	PROPN
easat-8251	157	1	[	[	X
easat-8251	157	2	30	30	NUM
easat-8251	157	3	]	]	PUNCT
easat-8251	157	4	examine	examine	VERB
easat-8251	157	5	the	the	DET
easat-8251	157	6	impact	impact	NOUN
easat-8251	157	7	of	of	ADP
easat-8251	157	8	scale	scale	NOUN
easat-8251	157	9	,	,	PUNCT
easat-8251	157	10	regulation	regulation	NOUN
easat-8251	157	11	,	,	PUNCT
easat-8251	157	12	and	and	CCONJ
easat-8251	157	13	ownership	ownership	NOUN
easat-8251	157	14	structure	structure	NOUN
easat-8251	157	15	on	on	ADP
easat-8251	157	16	the	the	DET
easat-8251	157	17	productivity	productivity	NOUN
easat-8251	157	18	and	and	CCONJ
easat-8251	157	19	efficiency	efficiency	NOUN
easat-8251	157	20	of	of	ADP
easat-8251	157	21	53	53	NUM
easat-8251	157	22	vietnamese	vietnamese	ADJ
easat-8251	157	23	securities	security	NOUN
easat-8251	157	24	companies	company	NOUN
easat-8251	157	25	from	from	ADP
easat-8251	157	26	2009	2009	NUM
easat-8251	157	27	to	to	ADP
easat-8251	157	28	2017	2017	NUM
easat-8251	157	29	,	,	PUNCT
easat-8251	157	30	finding	find	VERB
easat-8251	157	31	a	a	DET
easat-8251	157	32	positive	positive	ADJ
easat-8251	157	33	effect	effect	NOUN
easat-8251	157	34	of	of	ADP
easat-8251	157	35	business	business	NOUN
easat-8251	157	36	size	size	NOUN
easat-8251	157	37	on	on	ADP
easat-8251	157	38	firm	firm	ADJ
easat-8251	157	39	performance	performance	NOUN
easat-8251	157	40	.	.	PUNCT
easat-8251	158	1	similarly	similarly	ADV
easat-8251	158	2	,	,	PUNCT
easat-8251	158	3	hung	hung	PROPN
easat-8251	158	4	,	,	PUNCT
easat-8251	158	5	et	et	PROPN
easat-8251	158	6	al	al	PROPN
easat-8251	158	7	.	.	PUNCT
easat-8251	159	1	[	[	X
easat-8251	159	2	31	31	NUM
easat-8251	159	3	]	]	PUNCT
easat-8251	159	4	consider	consider	VERB
easat-8251	159	5	firm	firm	ADJ
easat-8251	159	6	size	size	NOUN
easat-8251	159	7	to	to	PART
easat-8251	159	8	be	be	AUX
easat-8251	159	9	the	the	DET
easat-8251	159	10	most	most	ADV
easat-8251	159	11	critical	critical	ADJ
easat-8251	159	12	factor	factor	NOUN
easat-8251	159	13	affecting	affect	VERB
easat-8251	159	14	the	the	DET
easat-8251	159	15	performance	performance	NOUN
easat-8251	159	16	of	of	ADP
easat-8251	159	17	private	private	ADJ
easat-8251	159	18	firms	firm	NOUN
easat-8251	159	19	.	.	PUNCT
easat-8251	160	1	chang	chang	PROPN
easat-8251	160	2	and	and	CCONJ
easat-8251	160	3	elyasiani	elyasiani	PROPN
easat-8251	160	4	[	[	X
easat-8251	160	5	32	32	NUM
easat-8251	160	6	]	]	PUNCT
easat-8251	160	7	note	note	NOUN
easat-8251	160	8	that	that	SCONJ
easat-8251	160	9	in	in	ADP
easat-8251	160	10	countries	country	NOUN
easat-8251	160	11	with	with	ADP
easat-8251	160	12	developed	develop	VERB
easat-8251	160	13	financial	financial	ADJ
easat-8251	160	14	markets	market	NOUN
easat-8251	160	15	,	,	PUNCT
easat-8251	160	16	there	there	PRON
easat-8251	160	17	is	be	VERB
easat-8251	160	18	a	a	DET
easat-8251	160	19	tendency	tendency	NOUN
easat-8251	160	20	for	for	SCONJ
easat-8251	160	21	industries	industry	NOUN
easat-8251	160	22	such	such	ADJ
easat-8251	160	23	as	as	ADP
easat-8251	160	24	commercial	commercial	ADJ
easat-8251	160	25	banks	bank	NOUN
easat-8251	160	26	,	,	PUNCT
easat-8251	160	27	insurance	insurance	NOUN
easat-8251	160	28	companies	company	NOUN
easat-8251	160	29	,	,	PUNCT
easat-8251	160	30	and	and	CCONJ
easat-8251	160	31	securities	security	NOUN
easat-8251	160	32	firms	firm	NOUN
easat-8251	160	33	to	to	PART
easat-8251	160	34	merge	merge	VERB
easat-8251	160	35	in	in	ADP
easat-8251	160	36	order	order	NOUN
easat-8251	160	37	to	to	PART
easat-8251	160	38	become	become	VERB
easat-8251	160	39	more	more	ADV
easat-8251	160	40	competitive	competitive	ADJ
easat-8251	160	41	and	and	CCONJ
easat-8251	160	42	efficient	efficient	ADJ
easat-8251	160	43	.	.	PUNCT
easat-8251	161	1	lee	lee	PROPN
easat-8251	161	2	,	,	PUNCT
easat-8251	161	3	et	et	PROPN
easat-8251	161	4	al	al	PROPN
easat-8251	161	5	.	.	PUNCT
easat-8251	162	1	[	[	X
easat-8251	162	2	33	33	NUM
easat-8251	162	3	]	]	PUNCT
easat-8251	162	4	indicate	indicate	VERB
easat-8251	162	5	that	that	SCONJ
easat-8251	162	6	large	large	ADJ
easat-8251	162	7	securities	security	NOUN
easat-8251	162	8	firms	firm	NOUN
easat-8251	162	9	,	,	PUNCT
easat-8251	162	10	in	in	ADP
easat-8251	162	11	particular	particular	ADJ
easat-8251	162	12	,	,	PUNCT
easat-8251	162	13	have	have	AUX
easat-8251	162	14	achieved	achieve	VERB
easat-8251	162	15	economies	economy	NOUN
easat-8251	162	16	of	of	ADP
easat-8251	162	17	scale	scale	NOUN
easat-8251	162	18	and	and	CCONJ
easat-8251	162	19	derived	derive	VERB
easat-8251	162	20	significant	significant	ADJ
easat-8251	162	21	benefits	benefit	NOUN
easat-8251	162	22	from	from	ADP
easat-8251	162	23	such	such	ADJ
easat-8251	162	24	economies	economy	NOUN
easat-8251	162	25	within	within	ADP
easat-8251	162	26	the	the	DET
easat-8251	162	27	brokerage	brokerage	NOUN
easat-8251	162	28	sector	sector	NOUN
easat-8251	162	29	in	in	ADP
easat-8251	162	30	korea	korea	PROPN
easat-8251	162	31	.	.	PUNCT
easat-8251	163	1	however	however	ADV
easat-8251	163	2	,	,	PUNCT
easat-8251	163	3	hua	hua	PROPN
easat-8251	163	4	,	,	PUNCT
easat-8251	163	5	et	et	PROPN
easat-8251	163	6	al	al	PROPN
easat-8251	163	7	.	.	PUNCT
easat-8251	164	1	[	[	X
easat-8251	164	2	34	34	NUM
easat-8251	164	3	]	]	PUNCT
easat-8251	164	4	found	find	VERB
easat-8251	164	5	a	a	DET
easat-8251	164	6	negative	negative	ADJ
easat-8251	164	7	impact	impact	NOUN
easat-8251	164	8	of	of	ADP
easat-8251	164	9	company	company	NOUN
easat-8251	164	10	size	size	NOUN
easat-8251	164	11	on	on	ADP
easat-8251	164	12	profitability	profitability	NOUN
easat-8251	164	13	.	.	PUNCT
easat-8251	165	1	in	in	ADP
easat-8251	165	2	vietnam	vietnam	PROPN
easat-8251	165	3	,	,	PUNCT
easat-8251	165	4	tran	tran	PROPN
easat-8251	166	1	[	[	X
easat-8251	166	2	5	5	NUM
easat-8251	166	3	]	]	PUNCT
easat-8251	166	4	noted	note	VERB
easat-8251	166	5	that	that	SCONJ
easat-8251	166	6	increasing	increase	VERB
easat-8251	166	7	capacity	capacity	NOUN
easat-8251	166	8	will	will	AUX
easat-8251	166	9	improve	improve	VERB
easat-8251	166	10	profitability	profitability	NOUN
easat-8251	166	11	.	.	PUNCT
easat-8251	167	1	tran	tran	PROPN
easat-8251	168	1	[	[	X
easat-8251	168	2	4	4	NUM
easat-8251	168	3	]	]	PUNCT
easat-8251	168	4	identified	identify	VERB
easat-8251	168	5	capital	capital	NOUN
easat-8251	168	6	size	size	NOUN
easat-8251	168	7	as	as	ADP
easat-8251	168	8	the	the	DET
easat-8251	168	9	key	key	ADJ
easat-8251	168	10	driving	driving	NOUN
easat-8251	168	11	force	force	NOUN
easat-8251	168	12	of	of	ADP
easat-8251	168	13	financial	financial	ADJ
easat-8251	168	14	risk	risk	NOUN
easat-8251	168	15	management	management	NOUN
easat-8251	168	16	,	,	PUNCT
easat-8251	168	17	leading	lead	VERB
easat-8251	168	18	to	to	ADP
easat-8251	168	19	better	well	ADJ
easat-8251	168	20	financial	financial	ADJ
easat-8251	168	21	performance	performance	NOUN
easat-8251	168	22	for	for	ADP
easat-8251	168	23	securities	security	NOUN
easat-8251	168	24	firms	firm	NOUN
easat-8251	168	25	.	.	PUNCT
easat-8251	169	1	based	base	VERB
easat-8251	169	2	on	on	ADP
easat-8251	169	3	the	the	DET
easat-8251	169	4	theoretical	theoretical	ADJ
easat-8251	169	5	background	background	NOUN
easat-8251	169	6	and	and	CCONJ
easat-8251	169	7	empirical	empirical	ADJ
easat-8251	169	8	supporting	support	VERB
easat-8251	169	9	evidence	evidence	NOUN
easat-8251	169	10	,	,	PUNCT
easat-8251	169	11	the	the	DET
easat-8251	169	12	study	study	NOUN
easat-8251	169	13	hypothesizes	hypothesize	VERB
easat-8251	169	14	that	that	DET
easat-8251	169	15	firm	firm	ADJ
easat-8251	169	16	size	size	NOUN
easat-8251	169	17	will	will	AUX
easat-8251	169	18	have	have	VERB
easat-8251	169	19	a	a	DET
easat-8251	169	20	positive	positive	ADJ
easat-8251	169	21	impact	impact	NOUN
easat-8251	169	22	on	on	ADP
easat-8251	169	23	the	the	DET
easat-8251	169	24	profitability	profitability	NOUN
easat-8251	169	25	of	of	ADP
easat-8251	169	26	securities	security	NOUN
easat-8251	169	27	companies	company	NOUN
easat-8251	169	28	in	in	ADP
easat-8251	169	29	vietnam	vietnam	PROPN
easat-8251	169	30	.	.	PUNCT
easat-8251	170	1	the	the	DET
easat-8251	170	2	significance	significance	NOUN
easat-8251	170	3	of	of	ADP
easat-8251	170	4	firm	firm	ADJ
easat-8251	170	5	size	size	NOUN
easat-8251	170	6	to	to	ADP
easat-8251	170	7	the	the	DET
easat-8251	170	8	operations	operation	NOUN
easat-8251	170	9	and	and	CCONJ
easat-8251	170	10	profitability	profitability	NOUN
easat-8251	170	11	of	of	ADP
easat-8251	170	12	vietnamese	vietnamese	ADJ
easat-8251	170	13	securities	security	NOUN
easat-8251	170	14	companies	company	NOUN
easat-8251	170	15	is	be	AUX
easat-8251	170	16	reflected	reflect	VERB
easat-8251	170	17	in	in	ADP
easat-8251	170	18	both	both	CCONJ
easat-8251	170	19	legal	legal	ADJ
easat-8251	170	20	regulations	regulation	NOUN
easat-8251	170	21	and	and	CCONJ
easat-8251	170	22	reality	reality	NOUN
easat-8251	170	23	.	.	PUNCT
easat-8251	171	1	for	for	ADP
easat-8251	171	2	example	example	NOUN
easat-8251	171	3	,	,	PUNCT
easat-8251	171	4	the	the	DET
easat-8251	171	5	minimum	minimum	ADJ
easat-8251	171	6	capital	capital	NOUN
easat-8251	171	7	requirement	requirement	NOUN
easat-8251	171	8	for	for	ADP
easat-8251	171	9	a	a	DET
easat-8251	171	10	securities	security	NOUN
easat-8251	171	11	business	business	NOUN
easat-8251	171	12	is	be	AUX
easat-8251	171	13	50	50	NUM
easat-8251	171	14	billion	billion	NUM
easat-8251	171	15	vnd	vnd	NOUN
easat-8251	171	16	.	.	PUNCT
easat-8251	172	1	if	if	SCONJ
easat-8251	172	2	a	a	DET
easat-8251	172	3	security	security	NOUN
easat-8251	172	4	company	company	NOUN
easat-8251	172	5	wants	want	VERB
easat-8251	172	6	to	to	PART
easat-8251	172	7	conduct	conduct	VERB
easat-8251	172	8	a	a	DET
easat-8251	172	9	range	range	NOUN
easat-8251	172	10	of	of	ADP
easat-8251	172	11	business	business	NOUN
easat-8251	172	12	activities	activity	NOUN
easat-8251	172	13	,	,	PUNCT
easat-8251	172	14	it	it	PRON
easat-8251	172	15	must	must	AUX
easat-8251	172	16	have	have	VERB
easat-8251	172	17	adequate	adequate	ADJ
easat-8251	172	18	lump	lump	NOUN
easat-8251	172	19	sum	sum	NOUN
easat-8251	172	20	capital	capital	NOUN
easat-8251	172	21	.	.	PUNCT
easat-8251	173	1	currently	currently	ADV
easat-8251	173	2	,	,	PUNCT
easat-8251	173	3	ssi	ssi	PROPN
easat-8251	173	4	and	and	CCONJ
easat-8251	173	5	tcbs	tcb	NOUN
easat-8251	173	6	are	be	AUX
easat-8251	173	7	two	two	NUM
easat-8251	173	8	major	major	ADJ
easat-8251	173	9	security	security	NOUN
easat-8251	173	10	firms	firm	NOUN
easat-8251	173	11	in	in	ADP
easat-8251	173	12	the	the	DET
easat-8251	173	13	vietnamese	vietnamese	ADJ
easat-8251	173	14	market	market	NOUN
easat-8251	173	15	,	,	PUNCT
easat-8251	173	16	with	with	ADP
easat-8251	173	17	a	a	DET
easat-8251	173	18	charter	charter	NOUN
easat-8251	173	19	capital	capital	NOUN
easat-8251	173	20	of	of	ADP
easat-8251	173	21	approximately	approximately	ADV
easat-8251	173	22	20	20	NUM
easat-8251	173	23	trillion	trillion	NUM
easat-8251	173	24	vnd	vnd	PROPN
easat-8251	173	25	.	.	PUNCT
easat-8251	174	1	however	however	ADV
easat-8251	174	2	,	,	PUNCT
easat-8251	174	3	the	the	DET
easat-8251	174	4	gap	gap	NOUN
easat-8251	174	5	in	in	ADP
easat-8251	174	6	capital	capital	NOUN
easat-8251	174	7	among	among	ADP
easat-8251	174	8	security	security	NOUN
easat-8251	174	9	firms	firm	NOUN
easat-8251	174	10	in	in	ADP
easat-8251	174	11	vietnam	vietnam	PROPN
easat-8251	174	12	is	be	AUX
easat-8251	174	13	large	large	ADJ
easat-8251	174	14	.	.	PUNCT
easat-8251	175	1	larger	large	ADJ
easat-8251	175	2	firms	firm	NOUN
easat-8251	175	3	can	can	AUX
easat-8251	175	4	absorb	absorb	VERB
easat-8251	175	5	market	market	NOUN
easat-8251	175	6	risks	risk	NOUN
easat-8251	175	7	,	,	PUNCT
easat-8251	175	8	invest	invest	VERB
easat-8251	175	9	in	in	ADP
easat-8251	175	10	technology	technology	NOUN
easat-8251	175	11	,	,	PUNCT
easat-8251	175	12	and	and	CCONJ
easat-8251	175	13	expand	expand	VERB
easat-8251	175	14	their	their	PRON
easat-8251	175	15	business	business	NOUN
easat-8251	175	16	lines	line	NOUN
easat-8251	175	17	,	,	PUNCT
easat-8251	175	18	contributing	contribute	VERB
easat-8251	175	19	to	to	ADP
easat-8251	175	20	long	long	ADJ
easat-8251	175	21	-	-	PUNCT
easat-8251	175	22	term	term	NOUN
easat-8251	175	23	profitability	profitability	NOUN
easat-8251	175	24	and	and	CCONJ
easat-8251	175	25	resilience	resilience	NOUN
easat-8251	175	26	in	in	ADP
easat-8251	175	27	a	a	DET
easat-8251	175	28	volatile	volatile	ADJ
easat-8251	175	29	market	market	NOUN
easat-8251	175	30	[	[	X
easat-8251	175	31	35	35	NUM
easat-8251	175	32	-	-	SYM
easat-8251	175	33	37	37	NUM
easat-8251	175	34	]	]	PUNCT
easat-8251	175	35	.	.	PUNCT
easat-8251	176	1	big	big	ADJ
easat-8251	176	2	firms	firm	NOUN
easat-8251	176	3	also	also	ADV
easat-8251	176	4	provide	provide	VERB
easat-8251	176	5	margin	margin	NOUN
easat-8251	176	6	trading	trading	NOUN
easat-8251	176	7	to	to	ADP
easat-8251	176	8	customers	customer	NOUN
easat-8251	176	9	more	more	ADV
easat-8251	176	10	effectively	effectively	ADV
easat-8251	176	11	than	than	ADP
easat-8251	176	12	smaller	small	ADJ
easat-8251	176	13	ones	one	NOUN
easat-8251	176	14	,	,	PUNCT
easat-8251	176	15	since	since	SCONJ
easat-8251	176	16	the	the	DET
easat-8251	176	17	security	security	NOUN
easat-8251	176	18	law	law	NOUN
easat-8251	176	19	limits	limit	VERB
easat-8251	176	20	the	the	DET
easat-8251	176	21	margin	margin	NOUN
easat-8251	176	22	trading	trading	NOUN
easat-8251	176	23	rate	rate	NOUN
easat-8251	176	24	.	.	PUNCT
easat-8251	177	1	therefore	therefore	ADV
easat-8251	177	2	,	,	PUNCT
easat-8251	177	3	it	it	PRON
easat-8251	177	4	is	be	AUX
easat-8251	177	5	relevant	relevant	ADJ
easat-8251	177	6	to	to	PART
easat-8251	177	7	propose	propose	VERB
easat-8251	177	8	that	that	SCONJ
easat-8251	177	9	more	more	ADV
easat-8251	177	10	prominent	prominent	ADJ
easat-8251	177	11	security	security	NOUN
easat-8251	177	12	companies	company	NOUN
easat-8251	177	13	will	will	AUX
easat-8251	177	14	have	have	VERB
easat-8251	177	15	higher	high	ADJ
easat-8251	177	16	profitability	profitability	NOUN
easat-8251	177	17	.	.	PUNCT
easat-8251	178	1	h2	h2	NOUN
easat-8251	178	2	:	:	PUNCT
easat-8251	178	3	firm	firm	ADJ
easat-8251	178	4	size	size	NOUN
easat-8251	178	5	has	have	VERB
easat-8251	178	6	a	a	DET
easat-8251	178	7	positive	positive	ADJ
easat-8251	178	8	impact	impact	NOUN
easat-8251	178	9	on	on	ADP
easat-8251	178	10	the	the	DET
easat-8251	178	11	profitability	profitability	NOUN
easat-8251	178	12	of	of	ADP
easat-8251	178	13	listed	list	VERB
easat-8251	178	14	security	security	NOUN
easat-8251	178	15	companies	company	NOUN
easat-8251	178	16	in	in	ADP
easat-8251	178	17	vietnam	vietnam	PROPN
easat-8251	178	18	.	.	PUNCT
easat-8251	179	1	table	table	NOUN
easat-8251	179	2	1	1	NUM
easat-8251	179	3	.	.	PUNCT
easat-8251	179	4	hypothesis	hypothesis	NOUN
easat-8251	179	5	development	development	NOUN
easat-8251	179	6	of	of	ADP
easat-8251	179	7	the	the	DET
easat-8251	179	8	empirical	empirical	ADJ
easat-8251	179	9	study	study	NOUN
easat-8251	179	10	.	.	PUNCT
easat-8251	180	1	hypothesis	hypothesis	NOUN
easat-8251	180	2	basis	basis	NOUN
easat-8251	180	3	h1	h1	NOUN
easat-8251	180	4	:	:	PUNCT
easat-8251	180	5	business	business	NOUN
easat-8251	180	6	diversification	diversification	NOUN
easat-8251	180	7	has	have	VERB
easat-8251	180	8	a	a	DET
easat-8251	180	9	significant	significant	ADJ
easat-8251	180	10	influence	influence	NOUN
easat-8251	180	11	on	on	ADP
easat-8251	180	12	the	the	DET
easat-8251	180	13	profitability	profitability	NOUN
easat-8251	180	14	of	of	ADP
easat-8251	180	15	listed	list	VERB
easat-8251	180	16	securities	security	NOUN
easat-8251	180	17	companies	company	NOUN
easat-8251	180	18	in	in	ADP
easat-8251	180	19	vietnam	vietnam	PROPN
easat-8251	180	20	(	(	PUNCT
easat-8251	180	21	+	+	ADJ
easat-8251	180	22	/-	/-	PUNCT
easat-8251	180	23	)	)	PUNCT
easat-8251	180	24	khanna	khanna	NOUN
easat-8251	180	25	and	and	CCONJ
easat-8251	180	26	palepu	palepu	NOUN
easat-8251	180	27	[	[	X
easat-8251	180	28	38	38	NUM
easat-8251	180	29	]	]	PUNCT
easat-8251	180	30	;	;	PUNCT
easat-8251	180	31	mishra	mishra	PROPN
easat-8251	180	32	and	and	CCONJ
easat-8251	180	33	akbar	akbar	NOUN
easat-8251	181	1	[	[	X
easat-8251	181	2	39	39	NUM
easat-8251	181	3	]	]	PUNCT
easat-8251	181	4	;	;	PUNCT
easat-8251	181	5	molyneux	molyneux	PROPN
easat-8251	181	6	and	and	CCONJ
easat-8251	181	7	yip	yip	PROPN
easat-8251	182	1	[	[	X
easat-8251	182	2	40	40	NUM
easat-8251	182	3	]	]	PUNCT
easat-8251	182	4	;	;	PUNCT
easat-8251	182	5	lee	lee	PROPN
easat-8251	182	6	,	,	PUNCT
easat-8251	182	7	et	et	PROPN
easat-8251	182	8	al	al	PROPN
easat-8251	182	9	.	.	PUNCT
easat-8251	183	1	[	[	X
easat-8251	183	2	17	17	NUM
easat-8251	183	3	]	]	PUNCT
easat-8251	183	4	;	;	PUNCT
easat-8251	183	5	ali	ali	PROPN
easat-8251	183	6	,	,	PUNCT
easat-8251	183	7	et	et	PROPN
easat-8251	183	8	al	al	PROPN
easat-8251	183	9	.	.	PUNCT
easat-8251	184	1	[	[	X
easat-8251	184	2	20	20	NUM
easat-8251	184	3	]	]	PUNCT
easat-8251	184	4	;	;	PUNCT
easat-8251	184	5	santarelli	santarelli	PROPN
easat-8251	184	6	and	and	CCONJ
easat-8251	184	7	tran	tran	PROPN
easat-8251	185	1	[	[	X
easat-8251	185	2	21	21	NUM
easat-8251	185	3	]	]	X
easat-8251	185	4	;	;	PUNCT
easat-8251	185	5	kenyoru	kenyoru	PROPN
easat-8251	185	6	,	,	PUNCT
easat-8251	185	7	et	et	PROPN
easat-8251	185	8	al	al	PROPN
easat-8251	185	9	.	.	PUNCT
easat-8251	186	1	[	[	X
easat-8251	186	2	18	18	NUM
easat-8251	186	3	]	]	X
easat-8251	186	4	;	;	PUNCT
easat-8251	186	5	jouida	jouida	PROPN
easat-8251	186	6	,	,	PUNCT
easat-8251	186	7	et	et	PROPN
easat-8251	186	8	al	al	PROPN
easat-8251	186	9	.	.	PUNCT
easat-8251	187	1	[	[	X
easat-8251	187	2	19	19	NUM
easat-8251	187	3	]	]	X
easat-8251	187	4	;	;	PUNCT
easat-8251	187	5	alkhouri	alkhouri	NOUN
easat-8251	187	6	and	and	CCONJ
easat-8251	187	7	arouri	arouri	PROPN
easat-8251	188	1	[	[	X
easat-8251	188	2	41	41	NUM
easat-8251	188	3	]	]	X
easat-8251	188	4	;	;	PUNCT
easat-8251	188	5	pangboonyanon	pangboonyanon	NOUN
easat-8251	188	6	and	and	CCONJ
easat-8251	188	7	kalasin	kalasin	NOUN
easat-8251	188	8	[	[	X
easat-8251	188	9	42	42	NUM
easat-8251	188	10	]	]	PUNCT
easat-8251	188	11	;	;	PUNCT
easat-8251	188	12	bhimani	bhimani	NOUN
easat-8251	189	1	[	[	X
easat-8251	189	2	16	16	NUM
easat-8251	189	3	]	]	X
easat-8251	189	4	;	;	PUNCT
easat-8251	189	5	nguyen	nguyen	PROPN
easat-8251	189	6	,	,	PUNCT
easat-8251	189	7	et	et	PROPN
easat-8251	189	8	al	al	PROPN
easat-8251	189	9	.	.	PUNCT
easat-8251	190	1	[	[	X
easat-8251	190	2	23	23	NUM
easat-8251	190	3	]	]	X
easat-8251	190	4	;	;	PUNCT
easat-8251	190	5	nguyen	nguyen	NOUN
easat-8251	190	6	-	-	PUNCT
easat-8251	190	7	thi	thi	PROPN
easat-8251	190	8	-	-	PUNCT
easat-8251	190	9	huong	huong	PROPN
easat-8251	190	10	,	,	PUNCT
easat-8251	190	11	et	et	PROPN
easat-8251	190	12	al	al	PROPN
easat-8251	190	13	.	.	PUNCT
easat-8251	191	1	[	[	X
easat-8251	191	2	22	22	NUM
easat-8251	191	3	]	]	PUNCT
easat-8251	191	4	and	and	CCONJ
easat-8251	191	5	alali	alali	VERB
easat-8251	191	6	,	,	PUNCT
easat-8251	191	7	et	et	PROPN
easat-8251	191	8	al	al	PROPN
easat-8251	191	9	.	.	PUNCT
easat-8251	192	1	[	[	X
easat-8251	192	2	15	15	NUM
easat-8251	192	3	]	]	PUNCT
easat-8251	192	4	.	.	PUNCT
easat-8251	193	1	h2	h2	NOUN
easat-8251	193	2	:	:	PUNCT
easat-8251	193	3	firm	firm	ADJ
easat-8251	193	4	size	size	NOUN
easat-8251	193	5	has	have	VERB
easat-8251	193	6	a	a	DET
easat-8251	193	7	positive	positive	ADJ
easat-8251	193	8	impact	impact	NOUN
easat-8251	193	9	on	on	ADP
easat-8251	193	10	the	the	DET
easat-8251	193	11	profitability	profitability	NOUN
easat-8251	193	12	of	of	ADP
easat-8251	193	13	listed	list	VERB
easat-8251	193	14	security	security	NOUN
easat-8251	193	15	companies	company	NOUN
easat-8251	193	16	in	in	ADP
easat-8251	193	17	vietnam	vietnam	PROPN
easat-8251	193	18	(	(	PUNCT
easat-8251	193	19	+	+	NOUN
easat-8251	193	20	)	)	PUNCT
easat-8251	193	21	lee	lee	PROPN
easat-8251	193	22	,	,	PUNCT
easat-8251	193	23	et	et	PROPN
easat-8251	193	24	al	al	PROPN
easat-8251	193	25	.	.	PUNCT
easat-8251	194	1	[	[	X
easat-8251	194	2	33	33	NUM
easat-8251	194	3	]	]	X
easat-8251	194	4	;	;	PUNCT
easat-8251	194	5	doğan	doğan	X
easat-8251	194	6	[	[	X
easat-8251	194	7	43	43	NUM
easat-8251	194	8	]	]	PUNCT
easat-8251	194	9	;	;	PUNCT
easat-8251	194	10	molyneux	molyneux	PROPN
easat-8251	194	11	and	and	CCONJ
easat-8251	194	12	yip	yip	PROPN
easat-8251	195	1	[	[	X
easat-8251	195	2	40	40	NUM
easat-8251	195	3	]	]	PUNCT
easat-8251	195	4	;	;	PUNCT
easat-8251	195	5	tran	tran	PROPN
easat-8251	196	1	[	[	X
easat-8251	196	2	4	4	NUM
easat-8251	196	3	]	]	PUNCT
easat-8251	196	4	;	;	PUNCT
easat-8251	196	5	lee	lee	PROPN
easat-8251	196	6	,	,	PUNCT
easat-8251	196	7	et	et	PROPN
easat-8251	196	8	al	al	PROPN
easat-8251	196	9	.	.	PUNCT
easat-8251	197	1	[	[	X
easat-8251	197	2	17	17	NUM
easat-8251	197	3	]	]	X
easat-8251	197	4	;	;	PUNCT
easat-8251	197	5	børing	børe	VERB
easat-8251	197	6	[	[	X
easat-8251	197	7	36	36	NUM
easat-8251	197	8	]	]	X
easat-8251	197	9	;	;	PUNCT
easat-8251	197	10	my	my	PRON
easat-8251	197	11	and	and	CCONJ
easat-8251	197	12	abbott	abbott	PROPN
easat-8251	198	1	[	[	X
easat-8251	198	2	30	30	NUM
easat-8251	198	3	]	]	PUNCT
easat-8251	198	4	;	;	PUNCT
easat-8251	198	5	gao	gao	PROPN
easat-8251	198	6	and	and	CCONJ
easat-8251	198	7	alarussi	alarussi	PROPN
easat-8251	199	1	[	[	X
easat-8251	199	2	25	25	NUM
easat-8251	199	3	]	]	PUNCT
easat-8251	199	4	;	;	PUNCT
easat-8251	199	5	tran	tran	PROPN
easat-8251	200	1	[	[	X
easat-8251	200	2	5	5	NUM
easat-8251	200	3	]	]	PUNCT
easat-8251	200	4	;	;	PUNCT
easat-8251	200	5	yadav	yadav	PROPN
easat-8251	200	6	,	,	PUNCT
easat-8251	200	7	et	et	PROPN
easat-8251	200	8	al	al	PROPN
easat-8251	200	9	.	.	PUNCT
easat-8251	201	1	[	[	X
easat-8251	201	2	37	37	NUM
easat-8251	201	3	]	]	PUNCT
easat-8251	201	4	and	and	CCONJ
easat-8251	201	5	nguyen	nguyen	NOUN
easat-8251	201	6	,	,	PUNCT
easat-8251	201	7	et	et	PROPN
easat-8251	201	8	al	al	PROPN
easat-8251	201	9	.	.	PUNCT
easat-8251	202	1	[	[	X
easat-8251	202	2	23	23	NUM
easat-8251	202	3	]	]	PUNCT
easat-8251	202	4	.	.	PUNCT
easat-8251	203	1	3	3	X
easat-8251	203	2	.	.	X
easat-8251	203	3	data	datum	NOUN
easat-8251	203	4	and	and	CCONJ
easat-8251	203	5	empirical	empirical	ADJ
easat-8251	203	6	models	model	NOUN
easat-8251	203	7	3.1	3.1	NUM
easat-8251	203	8	.	.	PUNCT
easat-8251	203	9	data	datum	NOUN
easat-8251	203	10	the	the	DET
easat-8251	203	11	study	study	NOUN
easat-8251	203	12	utilizes	utilize	VERB
easat-8251	203	13	secondary	secondary	ADJ
easat-8251	203	14	data	datum	NOUN
easat-8251	203	15	extracted	extract	VERB
easat-8251	203	16	from	from	ADP
easat-8251	203	17	the	the	DET
easat-8251	203	18	consolidated	consolidated	ADJ
easat-8251	203	19	financial	financial	ADJ
easat-8251	203	20	statements	statement	NOUN
easat-8251	203	21	of	of	ADP
easat-8251	203	22	listed	list	VERB
easat-8251	203	23	security	security	NOUN
easat-8251	203	24	companies	company	NOUN
easat-8251	203	25	on	on	ADP
easat-8251	203	26	the	the	DET
easat-8251	203	27	ho	ho	PROPN
easat-8251	203	28	chi	chi	PROPN
easat-8251	203	29	minh	minh	PROPN
easat-8251	203	30	stock	stock	PROPN
easat-8251	203	31	exchange	exchange	PROPN
easat-8251	203	32	(	(	PUNCT
easat-8251	203	33	hose	hose	PROPN
easat-8251	203	34	)	)	PUNCT
easat-8251	203	35	,	,	PUNCT
easat-8251	203	36	hanoi	hanoi	PROPN
easat-8251	203	37	stock	stock	PROPN
easat-8251	203	38	exchange	exchange	PROPN
easat-8251	203	39	(	(	PUNCT
easat-8251	203	40	hnx	hnx	ADJ
easat-8251	203	41	)	)	PUNCT
easat-8251	203	42	,	,	PUNCT
easat-8251	203	43	and	and	CCONJ
easat-8251	203	44	upcom	upcom	PROPN
easat-8251	203	45	exchanges	exchange	NOUN
easat-8251	203	46	in	in	ADP
easat-8251	203	47	vietnam	vietnam	PROPN
easat-8251	203	48	.	.	PUNCT
easat-8251	204	1	the	the	DET
easat-8251	204	2	authors	author	NOUN
easat-8251	204	3	collected	collect	VERB
easat-8251	204	4	data	datum	NOUN
easat-8251	204	5	from	from	ADP
easat-8251	204	6	33	33	NUM
easat-8251	204	7	listed	list	VERB
easat-8251	204	8	security	security	NOUN
easat-8251	204	9	companies	company	NOUN
easat-8251	204	10	from	from	ADP
easat-8251	204	11	2010	2010	NUM
easat-8251	204	12	to	to	ADP
easat-8251	204	13	2024	2024	NUM
easat-8251	204	14	.	.	PUNCT
easat-8251	205	1	the	the	DET
easat-8251	205	2	sample	sample	NOUN
easat-8251	205	3	has	have	VERB
easat-8251	205	4	495	495	NUM
easat-8251	205	5	observations	observation	NOUN
easat-8251	205	6	.	.	PUNCT
easat-8251	206	1	data	datum	NOUN
easat-8251	206	2	are	be	AUX
easat-8251	206	3	constructed	construct	VERB
easat-8251	206	4	in	in	ADP
easat-8251	206	5	panels	panel	NOUN
easat-8251	206	6	.	.	PUNCT
easat-8251	207	1	each	each	DET
easat-8251	207	2	company	company	NOUN
easat-8251	207	3	is	be	AUX
easat-8251	207	4	recognized	recognize	VERB
easat-8251	207	5	for	for	ADP
easat-8251	207	6	a	a	DET
easat-8251	207	7	range	range	NOUN
easat-8251	207	8	of	of	ADP
easat-8251	207	9	15	15	NUM
easat-8251	207	10	years	year	NOUN
easat-8251	207	11	.	.	PUNCT
easat-8251	208	1	the	the	DET
easat-8251	208	2	authors	author	NOUN
easat-8251	208	3	built	build	VERB
easat-8251	208	4	a	a	DET
easat-8251	208	5	raw	raw	ADJ
easat-8251	208	6	database	database	NOUN
easat-8251	208	7	before	before	ADP
easat-8251	208	8	processing	process	VERB
easat-8251	208	9	data	datum	NOUN
easat-8251	208	10	in	in	ADP
easat-8251	208	11	stata	stata	PROPN
easat-8251	208	12	18	18	NUM
easat-8251	208	13	mp	mp	PROPN
easat-8251	208	14	.	.	PROPN
easat-8251	208	15	1867	1867	NUM
easat-8251	208	16	edelweiss	edelweiss	PROPN
easat-8251	208	17	applied	apply	VERB
easat-8251	208	18	science	science	NOUN
easat-8251	208	19	and	and	CCONJ
easat-8251	208	20	technology	technology	NOUN
easat-8251	208	21	issn	issn	PROPN
easat-8251	208	22	:	:	PUNCT
easat-8251	208	23	2576	2576	NUM
easat-8251	208	24	-	-	SYM
easat-8251	208	25	8484	8484	NUM
easat-8251	208	26	vol	vol	NOUN
easat-8251	208	27	.	.	PROPN
easat-8251	209	1	9	9	NUM
easat-8251	209	2	,	,	PUNCT
easat-8251	209	3	no	no	INTJ
easat-8251	209	4	.	.	NOUN
easat-8251	209	5	6	6	NUM
easat-8251	209	6	:	:	SYM
easat-8251	209	7	1862	1862	NUM
easat-8251	209	8	-	-	SYM
easat-8251	209	9	1874	1874	NUM
easat-8251	209	10	,	,	PUNCT
easat-8251	209	11	2025	2025	NUM
easat-8251	209	12	doi	doi	NOUN
easat-8251	209	13	:	:	PUNCT
easat-8251	209	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	209	15	©	©	PROPN
easat-8251	209	16	2025	2025	NUM
easat-8251	209	17	by	by	ADP
easat-8251	209	18	the	the	DET
easat-8251	209	19	authors	author	NOUN
easat-8251	209	20	;	;	PUNCT
easat-8251	209	21	licensee	licensee	PROPN
easat-8251	209	22	learning	learning	NOUN
easat-8251	209	23	gate	gate	NOUN
easat-8251	209	24	3.2	3.2	NUM
easat-8251	209	25	.	.	PUNCT
easat-8251	210	1	empirical	empirical	ADJ
easat-8251	210	2	models	model	NOUN
easat-8251	210	3	the	the	DET
easat-8251	210	4	impacts	impact	NOUN
easat-8251	210	5	of	of	ADP
easat-8251	210	6	business	business	NOUN
easat-8251	210	7	diversification	diversification	NOUN
easat-8251	210	8	on	on	ADP
easat-8251	210	9	firm	firm	ADJ
easat-8251	210	10	performance	performance	NOUN
easat-8251	210	11	are	be	AUX
easat-8251	210	12	examined	examine	VERB
easat-8251	210	13	through	through	ADP
easat-8251	210	14	the	the	DET
easat-8251	210	15	following	follow	VERB
easat-8251	210	16	equations	equation	NOUN
easat-8251	210	17	.	.	PUNCT
easat-8251	211	1	𝑃𝑟𝑜𝑓𝑖𝑡𝑎𝑏𝑖𝑙𝑖𝑡𝑦𝑖,𝑡	𝑃𝑟𝑜𝑓𝑖𝑡𝑎𝑏𝑖𝑙𝑖𝑡𝑦𝑖,𝑡	NOUN
easat-8251	211	2	=	=	SYM
easat-8251	211	3	𝛽0	𝛽0	NOUN
easat-8251	211	4	+	+	CCONJ
easat-8251	211	5	𝛽1	𝛽1	NOUN
easat-8251	211	6	∗	∗	NOUN
easat-8251	211	7	𝐵𝑢𝑠𝑖𝑛𝑒𝑠𝑠	𝐵𝑢𝑠𝑖𝑛𝑒𝑠𝑠	PROPN
easat-8251	211	8	𝐷𝑖𝑣𝑒𝑟𝑠𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛𝑖,𝑡	𝐷𝑖𝑣𝑒𝑟𝑠𝑖𝑓𝑖𝑐𝑎𝑡𝑖𝑜𝑛𝑖,𝑡	PROPN
easat-8251	212	1	+	+	NUM
easat-8251	212	2	𝛽2	𝛽2	NOUN
easat-8251	212	3	∗	∗	NOUN
easat-8251	212	4	𝐹𝑖𝑟𝑚	𝐹𝑖𝑟𝑚	PROPN
easat-8251	212	5	𝑆𝑖𝑧𝑒𝑖,𝑡	𝑆𝑖𝑧𝑒𝑖,𝑡	PUNCT
easat-8251	212	6	+	+	NUM
easat-8251	212	7	𝛽3	𝛽3	NOUN
easat-8251	212	8	∗	∗	NOUN
easat-8251	212	9	𝐼𝑛𝐶𝑎𝑝𝑖,𝑡	𝐼𝑛𝐶𝑎𝑝𝑖,𝑡	NOUN
easat-8251	212	10	+	+	CCONJ
easat-8251	212	11	𝛽4	𝛽4	PROPN
easat-8251	212	12	∗	∗	NOUN
easat-8251	212	13	𝐶𝑎𝑠ℎ𝑟𝑎𝑡𝑖𝑜𝑖,𝑡	𝐶𝑎𝑠ℎ𝑟𝑎𝑡𝑖𝑜𝑖,𝑡	PUNCT
easat-8251	213	1	+	+	PUNCT
easat-8251	213	2	𝛽5	𝛽5	VERB
easat-8251	213	3	∗	∗	NOUN
easat-8251	213	4	𝑆𝑡𝑜𝑐𝑘𝐺𝐷𝑃𝑖,𝑡	𝑆𝑡𝑜𝑐𝑘𝐺𝐷𝑃𝑖,𝑡	NOUN
easat-8251	213	5	+	+	PUNCT
easat-8251	213	6	𝛽6	𝛽6	NOUN
easat-8251	213	7	∗	∗	NOUN
easat-8251	213	8	𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡𝑖,𝑡	𝐼𝑛𝑡𝑒𝑟𝑒𝑠𝑡𝑖,𝑡	NOUN
easat-8251	213	9	+	+	CCONJ
easat-8251	213	10	𝜀𝑖,𝑡	𝜀𝑖,𝑡	ADJ
easat-8251	213	11	the	the	DET
easat-8251	213	12	authors	author	NOUN
easat-8251	213	13	use	use	VERB
easat-8251	213	14	four	four	NUM
easat-8251	213	15	indicators	indicator	NOUN
easat-8251	213	16	to	to	PART
easat-8251	213	17	proxy	proxy	VERB
easat-8251	213	18	the	the	DET
easat-8251	213	19	profitability	profitability	NOUN
easat-8251	213	20	of	of	ADP
easat-8251	213	21	securities	security	NOUN
easat-8251	213	22	companies	company	NOUN
easat-8251	213	23	:	:	PUNCT
easat-8251	213	24	(	(	PUNCT
easat-8251	213	25	i	i	NOUN
easat-8251	213	26	)	)	PUNCT
easat-8251	213	27	gross	gross	ADJ
easat-8251	213	28	profit	profit	NOUN
easat-8251	213	29	,	,	PUNCT
easat-8251	213	30	(	(	PUNCT
easat-8251	213	31	ii	ii	NOUN
easat-8251	213	32	)	)	PUNCT
easat-8251	213	33	gross	gross	ADJ
easat-8251	213	34	profit	profit	NOUN
easat-8251	213	35	margin	margin	NOUN
easat-8251	213	36	,	,	PUNCT
easat-8251	213	37	(	(	PUNCT
easat-8251	213	38	iii	iii	NOUN
easat-8251	213	39	)	)	PUNCT
easat-8251	213	40	return	return	NOUN
easat-8251	213	41	on	on	ADP
easat-8251	213	42	assets	asset	NOUN
easat-8251	213	43	(	(	PUNCT
easat-8251	213	44	roa	roa	NOUN
easat-8251	213	45	)	)	PUNCT
easat-8251	213	46	,	,	PUNCT
easat-8251	213	47	and	and	CCONJ
easat-8251	213	48	(	(	PUNCT
easat-8251	213	49	iv	iv	X
easat-8251	213	50	)	)	PUNCT
easat-8251	213	51	return	return	NOUN
easat-8251	213	52	on	on	ADP
easat-8251	213	53	equity	equity	NOUN
easat-8251	213	54	(	(	PUNCT
easat-8251	213	55	roe	roe	PROPN
easat-8251	213	56	)	)	PUNCT
easat-8251	213	57	.	.	PUNCT
easat-8251	214	1	to	to	PART
easat-8251	214	2	measure	measure	VERB
easat-8251	214	3	business	business	NOUN
easat-8251	214	4	diversification	diversification	NOUN
easat-8251	214	5	,	,	PUNCT
easat-8251	214	6	the	the	DET
easat-8251	214	7	study	study	NOUN
easat-8251	214	8	follows	follow	VERB
easat-8251	214	9	wrigley	wrigley	PROPN
easat-8251	214	10	[	[	X
easat-8251	214	11	44	44	NUM
easat-8251	214	12	]	]	PUNCT
easat-8251	214	13	and	and	CCONJ
easat-8251	214	14	uses	use	VERB
easat-8251	214	15	the	the	DET
easat-8251	214	16	sales	sale	NOUN
easat-8251	214	17	proportion	proportion	NOUN
easat-8251	214	18	as	as	ADP
easat-8251	214	19	a	a	DET
easat-8251	214	20	proxy	proxy	NOUN
easat-8251	214	21	variable	variable	NOUN
easat-8251	214	22	for	for	ADP
easat-8251	214	23	business	business	NOUN
easat-8251	214	24	diversification	diversification	NOUN
easat-8251	214	25	.	.	PUNCT
easat-8251	215	1	overall	overall	ADV
easat-8251	215	2	,	,	PUNCT
easat-8251	215	3	the	the	DET
easat-8251	215	4	revenue	revenue	NOUN
easat-8251	215	5	stream	stream	NOUN
easat-8251	215	6	of	of	ADP
easat-8251	215	7	securities	security	NOUN
easat-8251	215	8	firms	firm	NOUN
easat-8251	215	9	comes	come	VERB
easat-8251	215	10	from	from	ADP
easat-8251	215	11	four	four	NUM
easat-8251	215	12	main	main	ADJ
easat-8251	215	13	business	business	NOUN
easat-8251	215	14	activities	activity	NOUN
easat-8251	215	15	:	:	PUNCT
easat-8251	215	16	stock	stock	NOUN
easat-8251	215	17	trading	trading	NOUN
easat-8251	215	18	,	,	PUNCT
easat-8251	215	19	consulting	consulting	NOUN
easat-8251	215	20	,	,	PUNCT
easat-8251	215	21	brokerage	brokerage	NOUN
easat-8251	215	22	,	,	PUNCT
easat-8251	215	23	and	and	CCONJ
easat-8251	215	24	lending	lending	NOUN
easat-8251	215	25	.	.	PUNCT
easat-8251	216	1	we	we	PRON
easat-8251	216	2	calculate	calculate	VERB
easat-8251	216	3	the	the	DET
easat-8251	216	4	sales	sale	NOUN
easat-8251	216	5	percentage	percentage	NOUN
easat-8251	216	6	of	of	ADP
easat-8251	216	7	each	each	DET
easat-8251	216	8	domain	domain	NOUN
easat-8251	216	9	in	in	ADP
easat-8251	216	10	comparison	comparison	NOUN
easat-8251	216	11	to	to	ADP
easat-8251	216	12	total	total	ADJ
easat-8251	216	13	net	net	ADJ
easat-8251	216	14	sales	sale	NOUN
easat-8251	216	15	.	.	PUNCT
easat-8251	217	1	regarding	regard	VERB
easat-8251	217	2	the	the	DET
easat-8251	217	3	firm	firm	ADJ
easat-8251	217	4	size	size	NOUN
easat-8251	217	5	,	,	PUNCT
easat-8251	217	6	we	we	PRON
easat-8251	217	7	use	use	VERB
easat-8251	217	8	ln	ln	ADJ
easat-8251	217	9	(	(	PUNCT
easat-8251	217	10	total	total	ADJ
easat-8251	217	11	assets	asset	NOUN
easat-8251	217	12	)	)	PUNCT
easat-8251	217	13	as	as	ADP
easat-8251	217	14	a	a	DET
easat-8251	217	15	proxy	proxy	ADJ
easat-8251	217	16	variable	variable	NOUN
easat-8251	217	17	.	.	PUNCT
easat-8251	218	1	the	the	DET
easat-8251	218	2	vector	vector	NOUN
easat-8251	218	3	of	of	ADP
easat-8251	218	4	control	control	NOUN
easat-8251	218	5	variables	variable	NOUN
easat-8251	218	6	includes	include	VERB
easat-8251	218	7	the	the	DET
easat-8251	218	8	cash	cash	NOUN
easat-8251	218	9	flow	flow	NOUN
easat-8251	218	10	ratio	ratio	NOUN
easat-8251	218	11	and	and	CCONJ
easat-8251	218	12	internal	internal	ADJ
easat-8251	218	13	capabilities	capability	NOUN
easat-8251	218	14	.	.	PUNCT
easat-8251	219	1	we	we	PRON
easat-8251	219	2	also	also	ADV
easat-8251	219	3	include	include	VERB
easat-8251	219	4	macroeconomic	macroeconomic	ADJ
easat-8251	219	5	variables	variable	NOUN
easat-8251	219	6	reflecting	reflect	VERB
easat-8251	219	7	the	the	DET
easat-8251	219	8	significance	significance	NOUN
easat-8251	219	9	of	of	ADP
easat-8251	219	10	the	the	DET
easat-8251	219	11	stock	stock	NOUN
easat-8251	219	12	market	market	NOUN
easat-8251	219	13	in	in	ADP
easat-8251	219	14	the	the	DET
easat-8251	219	15	economy	economy	NOUN
easat-8251	219	16	and	and	CCONJ
easat-8251	219	17	the	the	DET
easat-8251	219	18	interest	interest	NOUN
easat-8251	219	19	rate	rate	NOUN
easat-8251	219	20	.	.	PUNCT
easat-8251	220	1	the	the	DET
easat-8251	220	2	following	follow	VERB
easat-8251	220	3	table	table	NOUN
easat-8251	220	4	provides	provide	VERB
easat-8251	220	5	a	a	DET
easat-8251	220	6	detailed	detailed	ADJ
easat-8251	220	7	description	description	NOUN
easat-8251	220	8	of	of	ADP
easat-8251	220	9	variables	variable	NOUN
easat-8251	220	10	in	in	ADP
easat-8251	220	11	the	the	DET
easat-8251	220	12	study	study	NOUN
easat-8251	220	13	:	:	PUNCT
easat-8251	220	14	table	table	NOUN
easat-8251	220	15	2	2	NUM
easat-8251	220	16	.	.	PUNCT
easat-8251	220	17	explanation	explanation	NOUN
easat-8251	220	18	of	of	ADP
easat-8251	220	19	variables	variable	NOUN
easat-8251	220	20	in	in	ADP
easat-8251	220	21	the	the	DET
easat-8251	220	22	empirical	empirical	ADJ
easat-8251	220	23	models	model	NOUN
easat-8251	220	24	.	.	PUNCT
easat-8251	221	1	name	name	NOUN
easat-8251	221	2	meaning	mean	VERB
easat-8251	221	3	determination	determination	NOUN
easat-8251	221	4	dependent	dependent	ADJ
easat-8251	221	5	variables	variable	NOUN
easat-8251	221	6	grossprofit	grossprofit	VERB
easat-8251	221	7	this	this	DET
easat-8251	221	8	variable	variable	ADJ
easat-8251	221	9	measures	measure	NOUN
easat-8251	221	10	the	the	DET
easat-8251	221	11	profit	profit	NOUN
easat-8251	221	12	margin	margin	NOUN
easat-8251	221	13	generated	generate	VERB
easat-8251	221	14	by	by	ADP
easat-8251	221	15	operating	operate	VERB
easat-8251	221	16	activities	activity	NOUN
easat-8251	221	17	.	.	PUNCT
easat-8251	222	1	grossprofit	grossprofit	VERB
easat-8251	222	2	=	=	SYM
easat-8251	222	3	gross	gross	ADJ
easat-8251	222	4	profit	profit	NOUN
easat-8251	222	5	from	from	ADP
easat-8251	222	6	operating	operate	VERB
easat-8251	222	7	activities	activity	NOUN
easat-8251	222	8	grossmargin	grossmargin	VERB
easat-8251	222	9	this	this	DET
easat-8251	222	10	variable	variable	NOUN
easat-8251	222	11	reflects	reflect	VERB
easat-8251	222	12	the	the	DET
easat-8251	222	13	gross	gross	ADJ
easat-8251	222	14	profit	profit	NOUN
easat-8251	222	15	a	a	DET
easat-8251	222	16	securities	security	NOUN
easat-8251	222	17	company	company	NOUN
easat-8251	222	18	earns	earn	VERB
easat-8251	222	19	for	for	ADP
easat-8251	222	20	every	every	DET
easat-8251	222	21	$	$	SYM
easat-8251	222	22	1	1	NUM
easat-8251	222	23	of	of	ADP
easat-8251	222	24	internal	internal	ADJ
easat-8251	222	25	capital	capital	NOUN
easat-8251	222	26	.	.	PUNCT
easat-8251	223	1	gross	gross	ADJ
easat-8251	223	2	margin	margin	NOUN
easat-8251	223	3	=	=	NOUN
easat-8251	223	4	gross	gross	ADJ
easat-8251	223	5	profit/(contributed	profit/(contribute	VERB
easat-8251	223	6	equity	equity	NOUN
easat-8251	223	7	+	+	CCONJ
easat-8251	223	8	charter	charter	NOUN
easat-8251	223	9	reserved	reserve	VERB
easat-8251	223	10	funds	fund	NOUN
easat-8251	223	11	+	+	CCONJ
easat-8251	223	12	financial	financial	ADJ
easat-8251	223	13	reserve	reserve	PROPN
easat-8251	223	14	)	)	PUNCT
easat-8251	223	15	roa	roa	NOUN
easat-8251	223	16	this	this	DET
easat-8251	223	17	variable	variable	ADJ
easat-8251	223	18	measures	measure	VERB
easat-8251	223	19	the	the	DET
easat-8251	223	20	profitability	profitability	NOUN
easat-8251	223	21	of	of	ADP
easat-8251	223	22	total	total	ADJ
easat-8251	223	23	assets	asset	NOUN
easat-8251	223	24	roa	roa	NOUN
easat-8251	223	25	=	=	NOUN
easat-8251	223	26	net	net	ADJ
easat-8251	223	27	income	income	NOUN
easat-8251	223	28	/	/	SYM
easat-8251	223	29	average	average	ADJ
easat-8251	223	30	total	total	ADJ
easat-8251	223	31	assets	asset	NOUN
easat-8251	223	32	roe	roe	VERB
easat-8251	223	33	this	this	DET
easat-8251	223	34	variable	variable	ADJ
easat-8251	223	35	measures	measure	VERB
easat-8251	223	36	the	the	DET
easat-8251	223	37	profitability	profitability	NOUN
easat-8251	223	38	of	of	ADP
easat-8251	223	39	equity	equity	NOUN
easat-8251	223	40	roe	roe	PROPN
easat-8251	223	41	=	=	PROPN
easat-8251	223	42	net	net	ADJ
easat-8251	223	43	income	income	NOUN
easat-8251	223	44	/	/	SYM
easat-8251	223	45	contributed	contribute	VERB
easat-8251	223	46	equity	equity	NOUN
easat-8251	223	47	size	size	NOUN
easat-8251	223	48	this	this	DET
easat-8251	223	49	variable	variable	NOUN
easat-8251	223	50	reflects	reflect	VERB
easat-8251	223	51	the	the	DET
easat-8251	223	52	size	size	NOUN
easat-8251	223	53	of	of	ADP
easat-8251	223	54	a	a	DET
easat-8251	223	55	securities	security	NOUN
easat-8251	223	56	company	company	NOUN
easat-8251	223	57	size	size	NOUN
easat-8251	223	58	=	=	NOUN
easat-8251	223	59	ln(total	ln(total	ADJ
easat-8251	223	60	assets	asset	NOUN
easat-8251	223	61	)	)	PUNCT
easat-8251	223	62	business	business	NOUN
easat-8251	223	63	diversification	diversification	NOUN
easat-8251	223	64	this	this	DET
easat-8251	223	65	variable	variable	ADJ
easat-8251	223	66	measures	measure	VERB
easat-8251	223	67	the	the	DET
easat-8251	223	68	degree	degree	NOUN
easat-8251	223	69	of	of	ADP
easat-8251	223	70	diversification	diversification	NOUN
easat-8251	223	71	of	of	ADP
easat-8251	223	72	a	a	DET
easat-8251	223	73	securities	security	NOUN
easat-8251	223	74	company	company	NOUN
easat-8251	223	75	.	.	PUNCT
easat-8251	224	1	the	the	DET
easat-8251	224	2	study	study	NOUN
easat-8251	224	3	classifies	classify	VERB
easat-8251	224	4	the	the	DET
easat-8251	224	5	business	business	NOUN
easat-8251	224	6	activities	activity	NOUN
easat-8251	224	7	of	of	ADP
easat-8251	224	8	a	a	DET
easat-8251	224	9	security	security	NOUN
easat-8251	224	10	company	company	NOUN
easat-8251	224	11	into	into	ADP
easat-8251	224	12	four	four	NUM
easat-8251	224	13	sectors	sector	NOUN
easat-8251	224	14	:	:	PUNCT
easat-8251	224	15	business	business	NOUN
easat-8251	224	16	,	,	PUNCT
easat-8251	224	17	brokerage	brokerage	NOUN
easat-8251	224	18	,	,	PUNCT
easat-8251	224	19	consulting	consulting	NOUN
easat-8251	224	20	,	,	PUNCT
easat-8251	224	21	and	and	CCONJ
easat-8251	224	22	lending	lending	NOUN
easat-8251	224	23	.	.	PUNCT
easat-8251	225	1	business_p	business_p	X
easat-8251	226	1	=	=	NOUN
easat-8251	226	2	sales	sale	NOUN
easat-8251	226	3	from	from	ADP
easat-8251	226	4	proprietary	proprietary	ADJ
easat-8251	226	5	trading	trading	NOUN
easat-8251	226	6	/	/	SYM
easat-8251	226	7	net	net	ADJ
easat-8251	226	8	sales	sale	NOUN
easat-8251	226	9	brokage_p	brokage_p	NOUN
easat-8251	226	10	=	=	SYM
easat-8251	226	11	sales	sale	NOUN
easat-8251	226	12	from	from	ADP
easat-8251	226	13	brokage	brokage	NOUN
easat-8251	226	14	service	service	NOUN
easat-8251	226	15	/	/	SYM
easat-8251	226	16	net	net	ADJ
easat-8251	226	17	sales	sale	NOUN
easat-8251	226	18	consult_p	consult_p	NOUN
easat-8251	226	19	=	=	PUNCT
easat-8251	226	20	sales	sale	NOUN
easat-8251	226	21	from	from	ADP
easat-8251	226	22	consulting	consult	VERB
easat-8251	226	23	and	and	CCONJ
easat-8251	226	24	advisory	advisory	ADJ
easat-8251	226	25	services	service	NOUN
easat-8251	226	26	/	/	SYM
easat-8251	226	27	net	net	ADJ
easat-8251	226	28	sales	sale	NOUN
easat-8251	226	29	lend_p	lend_p	NOUN
easat-8251	226	30	=	=	SYM
easat-8251	226	31	sales	sale	NOUN
easat-8251	226	32	from	from	ADP
easat-8251	226	33	lending	lending	NOUN
easat-8251	226	34	services	service	NOUN
easat-8251	226	35	/	/	SYM
easat-8251	226	36	net	net	ADJ
easat-8251	226	37	sales	sale	NOUN
easat-8251	226	38	cashratio	cashratio	NOUN
easat-8251	226	39	this	this	DET
easat-8251	226	40	variable	variable	NOUN
easat-8251	226	41	reflects	reflect	VERB
easat-8251	226	42	the	the	DET
easat-8251	226	43	cash	cash	NOUN
easat-8251	226	44	flow	flow	NOUN
easat-8251	226	45	of	of	ADP
easat-8251	226	46	a	a	DET
easat-8251	226	47	securities	security	NOUN
easat-8251	226	48	company	company	NOUN
easat-8251	226	49	cashratio_3	cashratio_3	NOUN
easat-8251	226	50	=	=	PUNCT
easat-8251	226	51	cashflow	cashflow	ADJ
easat-8251	226	52	from	from	ADP
easat-8251	226	53	operating	operate	VERB
easat-8251	226	54	activities	activity	NOUN
easat-8251	226	55	(	(	PUNCT
easat-8251	226	56	cfo)/net	cfo)/net	ADJ
easat-8251	226	57	sales	sale	NOUN
easat-8251	226	58	incap	incap	VERB
easat-8251	226	59	this	this	DET
easat-8251	226	60	variable	variable	ADJ
easat-8251	226	61	measures	measure	NOUN
easat-8251	226	62	the	the	DET
easat-8251	226	63	internal	internal	ADJ
easat-8251	226	64	capital	capital	NOUN
easat-8251	226	65	source	source	NOUN
easat-8251	226	66	of	of	ADP
easat-8251	226	67	a	a	DET
easat-8251	226	68	security	security	NOUN
easat-8251	226	69	company	company	NOUN
easat-8251	226	70	incap	incap	NOUN
easat-8251	226	71	=	=	PUNCT
easat-8251	226	72	(	(	PUNCT
easat-8251	226	73	charter	charter	NOUN
easat-8251	226	74	reserved	reserve	VERB
easat-8251	226	75	funds	fund	NOUN
easat-8251	226	76	+	+	CCONJ
easat-8251	226	77	financial	financial	ADJ
easat-8251	226	78	reserve)/contributed	reserve)/contribute	VERB
easat-8251	226	79	equity	equity	NOUN
easat-8251	226	80	stockgdp	stockgdp	NOUN
easat-8251	226	81	this	this	DET
easat-8251	226	82	variable	variable	NOUN
easat-8251	226	83	reflects	reflect	VERB
easat-8251	226	84	the	the	DET
easat-8251	226	85	development	development	NOUN
easat-8251	226	86	of	of	ADP
easat-8251	226	87	the	the	DET
easat-8251	226	88	stock	stock	NOUN
easat-8251	226	89	market	market	NOUN
easat-8251	226	90	stockgdp	stockgdp	NOUN
easat-8251	226	91	=	=	NOUN
easat-8251	226	92	value	value	NOUN
easat-8251	226	93	of	of	ADP
easat-8251	226	94	the	the	DET
easat-8251	226	95	stock	stock	NOUN
easat-8251	226	96	market/	market/	NUM
easat-8251	226	97	gdp	gdp	NOUN
easat-8251	226	98	interest	interest	NOUN
easat-8251	226	99	this	this	DET
easat-8251	226	100	variable	variable	ADJ
easat-8251	226	101	measures	measure	VERB
easat-8251	226	102	the	the	DET
easat-8251	226	103	interbank	interbank	NOUN
easat-8251	226	104	interest	interest	NOUN
easat-8251	226	105	rate	rate	NOUN
easat-8251	226	106	.	.	PUNCT
easat-8251	227	1	interest	interest	NOUN
easat-8251	227	2	=	=	SYM
easat-8251	227	3	average	average	ADJ
easat-8251	227	4	interbank	interbank	NOUN
easat-8251	227	5	interest	interest	NOUN
easat-8251	227	6	rate	rate	NOUN
easat-8251	227	7	4	4	NUM
easat-8251	227	8	.	.	NOUN
easat-8251	227	9	results	result	NOUN
easat-8251	227	10	and	and	CCONJ
easat-8251	227	11	discussion	discussion	NOUN
easat-8251	227	12	4.1	4.1	NUM
easat-8251	227	13	.	.	PUNCT
easat-8251	228	1	overview	overview	NOUN
easat-8251	228	2	of	of	ADP
easat-8251	228	3	business	business	NOUN
easat-8251	228	4	diversification	diversification	NOUN
easat-8251	228	5	and	and	CCONJ
easat-8251	228	6	financial	financial	ADJ
easat-8251	228	7	performance	performance	NOUN
easat-8251	228	8	of	of	ADP
easat-8251	228	9	vietnamese	vietnamese	ADJ
easat-8251	228	10	securities	security	NOUN
easat-8251	228	11	companies	company	NOUN
easat-8251	228	12	the	the	DET
easat-8251	228	13	following	follow	VERB
easat-8251	228	14	three	three	NUM
easat-8251	228	15	tables	table	NOUN
easat-8251	228	16	provide	provide	VERB
easat-8251	228	17	an	an	DET
easat-8251	228	18	overview	overview	NOUN
easat-8251	228	19	of	of	ADP
easat-8251	228	20	the	the	DET
easat-8251	228	21	financial	financial	ADJ
easat-8251	228	22	performance	performance	NOUN
easat-8251	228	23	of	of	ADP
easat-8251	228	24	listed	list	VERB
easat-8251	228	25	securities	security	NOUN
easat-8251	228	26	companies	company	NOUN
easat-8251	228	27	in	in	ADP
easat-8251	228	28	vietnam	vietnam	PROPN
easat-8251	228	29	from	from	ADP
easat-8251	228	30	2010	2010	NUM
easat-8251	228	31	to	to	ADP
easat-8251	228	32	2024	2024	NUM
easat-8251	228	33	.	.	PUNCT
easat-8251	229	1	the	the	DET
easat-8251	229	2	study	study	NOUN
easat-8251	229	3	classified	classify	VERB
easat-8251	229	4	the	the	DET
easat-8251	229	5	total	total	ADJ
easat-8251	229	6	sample	sample	NOUN
easat-8251	229	7	into	into	ADP
easat-8251	229	8	three	three	NUM
easat-8251	229	9	sub	sub	NOUN
easat-8251	229	10	-	-	NOUN
easat-8251	229	11	samples	sample	NOUN
easat-8251	229	12	corresponding	correspond	VERB
easat-8251	229	13	to	to	ADP
easat-8251	229	14	three	three	NUM
easat-8251	229	15	periods	period	NOUN
easat-8251	229	16	of	of	ADP
easat-8251	229	17	the	the	DET
easat-8251	229	18	vietnamese	vietnamese	ADJ
easat-8251	229	19	stock	stock	NOUN
easat-8251	229	20	markets	market	NOUN
easat-8251	229	21	.	.	PUNCT
easat-8251	230	1	1868	1868	NUM
easat-8251	230	2	edelweiss	edelweiss	PROPN
easat-8251	230	3	applied	apply	VERB
easat-8251	230	4	science	science	NOUN
easat-8251	230	5	and	and	CCONJ
easat-8251	230	6	technology	technology	NOUN
easat-8251	230	7	issn	issn	PROPN
easat-8251	230	8	:	:	PUNCT
easat-8251	230	9	2576	2576	NUM
easat-8251	230	10	-	-	SYM
easat-8251	230	11	8484	8484	NUM
easat-8251	230	12	vol	vol	NOUN
easat-8251	230	13	.	.	PROPN
easat-8251	231	1	9	9	NUM
easat-8251	231	2	,	,	PUNCT
easat-8251	231	3	no	no	INTJ
easat-8251	231	4	.	.	NOUN
easat-8251	231	5	6	6	NUM
easat-8251	231	6	:	:	SYM
easat-8251	231	7	1862	1862	NUM
easat-8251	231	8	-	-	SYM
easat-8251	231	9	1874	1874	NUM
easat-8251	231	10	,	,	PUNCT
easat-8251	231	11	2025	2025	NUM
easat-8251	231	12	doi	doi	NOUN
easat-8251	231	13	:	:	PUNCT
easat-8251	231	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	231	15	©	©	PROPN
easat-8251	231	16	2025	2025	NUM
easat-8251	231	17	by	by	ADP
easat-8251	231	18	the	the	DET
easat-8251	231	19	authors	author	NOUN
easat-8251	231	20	;	;	PUNCT
easat-8251	231	21	licensee	licensee	PROPN
easat-8251	231	22	learning	learn	VERB
easat-8251	231	23	gate	gate	NOUN
easat-8251	231	24	table	table	NOUN
easat-8251	231	25	3	3	NUM
easat-8251	231	26	.	.	X
easat-8251	231	27	profitability	profitability	NOUN
easat-8251	231	28	of	of	ADP
easat-8251	231	29	listed	list	VERB
easat-8251	231	30	security	security	NOUN
easat-8251	231	31	companies	company	NOUN
easat-8251	231	32	over	over	ADP
easat-8251	231	33	the	the	DET
easat-8251	231	34	period	period	NOUN
easat-8251	231	35	2010	2010	NUM
easat-8251	231	36	-	-	SYM
easat-8251	231	37	2024	2024	NUM
easat-8251	231	38	.	.	PUNCT
easat-8251	232	1	indicators	indicator	NOUN
easat-8251	232	2	2010	2010	NUM
easat-8251	232	3	2015	2015	NUM
easat-8251	232	4	2016	2016	NUM
easat-8251	232	5	2020	2020	NUM
easat-8251	232	6	2021	2021	NUM
easat-8251	232	7	2024	2024	NUM
easat-8251	232	8	mean	mean	NOUN
easat-8251	232	9	std	std	NOUN
easat-8251	232	10	.	.	PUNCT
easat-8251	233	1	mean	mean	ADJ
easat-8251	233	2	std	std	X
easat-8251	233	3	.	.	PUNCT
easat-8251	234	1	mean	mean	ADJ
easat-8251	234	2	std	std	PROPN
easat-8251	234	3	.	.	PUNCT
easat-8251	235	1	grossprofit	grossprofit	NOUN
easat-8251	235	2	(	(	PUNCT
easat-8251	235	3	billion	billion	NUM
easat-8251	235	4	vnd	vnd	PROPN
easat-8251	235	5	)	)	PUNCT
easat-8251	235	6	73.2	73.2	NUM
easat-8251	235	7	168	168	NUM
easat-8251	235	8	251	251	NUM
easat-8251	235	9	437	437	NUM
easat-8251	235	10	646	646	NUM
easat-8251	235	11	1,020	1,020	NUM
easat-8251	235	12	roa	roa	NOUN
easat-8251	236	1	0.0145121	0.0145121	NUM
easat-8251	236	2	0.0899803	0.0899803	NUM
easat-8251	236	3	0.0428364	0.0428364	NUM
easat-8251	236	4	0.0881475	0.0881475	NUM
easat-8251	236	5	0.0241106	0.0241106	NUM
easat-8251	236	6	0.1644093	0.1644093	NUM
easat-8251	236	7	roe	roe	NOUN
easat-8251	236	8	0.0285554	0.0285554	NUM
easat-8251	236	9	0.1685884	0.1685884	NUM
easat-8251	237	1	0.0996144	0.0996144	NUM
easat-8251	237	2	0.1370263	0.1370263	NUM
easat-8251	237	3	0.0937947	0.0937947	NUM
easat-8251	237	4	0.1865364	0.1865364	NUM
easat-8251	237	5	the	the	DET
easat-8251	237	6	average	average	ADJ
easat-8251	237	7	gross	gross	ADJ
easat-8251	237	8	profit	profit	NOUN
easat-8251	237	9	across	across	ADP
easat-8251	237	10	the	the	DET
easat-8251	237	11	three	three	NUM
easat-8251	237	12	periods	period	NOUN
easat-8251	237	13	shows	show	VERB
easat-8251	237	14	notable	notable	ADJ
easat-8251	237	15	growth	growth	NOUN
easat-8251	237	16	,	,	PUNCT
easat-8251	237	17	with	with	ADP
easat-8251	237	18	the	the	DET
easat-8251	237	19	average	average	ADJ
easat-8251	237	20	gross	gross	ADJ
easat-8251	237	21	profit	profit	NOUN
easat-8251	237	22	increasing	increase	VERB
easat-8251	237	23	from	from	ADP
easat-8251	237	24	vnd	vnd	PROPN
easat-8251	237	25	73.2	73.2	NUM
easat-8251	237	26	billion	billion	NUM
easat-8251	237	27	in	in	ADP
easat-8251	237	28	2010	2010	NUM
easat-8251	237	29	-	-	SYM
easat-8251	237	30	2015	2015	NUM
easat-8251	237	31	to	to	PART
easat-8251	237	32	vnd	vnd	VERB
easat-8251	237	33	251	251	NUM
easat-8251	237	34	billion	billion	NUM
easat-8251	237	35	in	in	ADP
easat-8251	237	36	2016	2016	NUM
easat-8251	237	37	-	-	SYM
easat-8251	237	38	2020	2020	NUM
easat-8251	237	39	and	and	CCONJ
easat-8251	237	40	further	far	ADV
easat-8251	237	41	increasing	increase	VERB
easat-8251	237	42	to	to	PART
easat-8251	237	43	vnd	vnd	VERB
easat-8251	237	44	646	646	NUM
easat-8251	237	45	billion	billion	NUM
easat-8251	237	46	in	in	ADP
easat-8251	237	47	2021	2021	NUM
easat-8251	237	48	-	-	SYM
easat-8251	237	49	2024	2024	NUM
easat-8251	237	50	.	.	PUNCT
easat-8251	238	1	this	this	DET
easat-8251	238	2	upward	upward	ADJ
easat-8251	238	3	trend	trend	NOUN
easat-8251	238	4	indicates	indicate	VERB
easat-8251	238	5	the	the	DET
easat-8251	238	6	significant	significant	ADJ
easat-8251	238	7	improvement	improvement	NOUN
easat-8251	238	8	in	in	ADP
easat-8251	238	9	the	the	DET
easat-8251	238	10	profitability	profitability	NOUN
easat-8251	238	11	of	of	ADP
easat-8251	238	12	listed	list	VERB
easat-8251	238	13	securities	security	NOUN
easat-8251	238	14	companies	company	NOUN
easat-8251	238	15	in	in	ADP
easat-8251	238	16	vietnam	vietnam	PROPN
easat-8251	238	17	over	over	ADP
easat-8251	238	18	time	time	NOUN
easat-8251	238	19	.	.	PUNCT
easat-8251	239	1	however	however	ADV
easat-8251	239	2	,	,	PUNCT
easat-8251	239	3	the	the	DET
easat-8251	239	4	high	high	ADJ
easat-8251	239	5	standard	standard	ADJ
easat-8251	239	6	deviations	deviation	NOUN
easat-8251	239	7	for	for	ADP
easat-8251	239	8	each	each	DET
easat-8251	239	9	period	period	NOUN
easat-8251	239	10	,	,	PUNCT
easat-8251	239	11	especially	especially	ADV
easat-8251	239	12	in	in	ADP
easat-8251	239	13	the	the	DET
easat-8251	239	14	2021	2021	NUM
easat-8251	239	15	-	-	SYM
easat-8251	239	16	2024	2024	NUM
easat-8251	239	17	period	period	NOUN
easat-8251	239	18	(	(	PUNCT
easat-8251	239	19	1,020	1,020	NUM
easat-8251	239	20	billion	billion	NUM
easat-8251	239	21	vnd	vnd	PROPN
easat-8251	239	22	)	)	PUNCT
easat-8251	239	23	,	,	PUNCT
easat-8251	239	24	reflecting	reflect	VERB
easat-8251	239	25	significant	significant	ADJ
easat-8251	239	26	disparities	disparity	NOUN
easat-8251	239	27	in	in	ADP
easat-8251	239	28	the	the	DET
easat-8251	239	29	performance	performance	NOUN
easat-8251	239	30	of	of	ADP
easat-8251	239	31	these	these	DET
easat-8251	239	32	companies	company	NOUN
easat-8251	239	33	,	,	PUNCT
easat-8251	239	34	with	with	ADP
easat-8251	239	35	some	some	DET
easat-8251	239	36	firms	firm	NOUN
easat-8251	239	37	achieving	achieve	VERB
easat-8251	239	38	very	very	ADV
easat-8251	239	39	high	high	ADJ
easat-8251	239	40	profits	profit	NOUN
easat-8251	239	41	(	(	PUNCT
easat-8251	239	42	up	up	ADP
easat-8251	239	43	to	to	PART
easat-8251	239	44	5.24	5.24	NUM
easat-8251	239	45	trillion	trillion	NUM
easat-8251	239	46	)	)	PUNCT
easat-8251	239	47	,	,	PUNCT
easat-8251	239	48	while	while	SCONJ
easat-8251	239	49	others	other	NOUN
easat-8251	239	50	experienced	experience	VERB
easat-8251	239	51	considerable	considerable	ADJ
easat-8251	239	52	losses	loss	NOUN
easat-8251	239	53	(	(	PUNCT
easat-8251	239	54	as	as	ADV
easat-8251	239	55	low	low	ADJ
easat-8251	239	56	as	as	ADP
easat-8251	239	57	-543	-543	NOUN
easat-8251	239	58	billion	billion	NUM
easat-8251	239	59	in	in	ADP
easat-8251	239	60	2021	2021	NUM
easat-8251	239	61	-	-	SYM
easat-8251	239	62	2024	2024	NUM
easat-8251	239	63	)	)	PUNCT
easat-8251	239	64	.	.	PUNCT
easat-8251	240	1	the	the	DET
easat-8251	240	2	substantial	substantial	ADJ
easat-8251	240	3	variation	variation	NOUN
easat-8251	240	4	in	in	ADP
easat-8251	240	5	gross	gross	ADJ
easat-8251	240	6	profit	profit	NOUN
easat-8251	240	7	suggests	suggest	VERB
easat-8251	240	8	that	that	SCONJ
easat-8251	240	9	a	a	DET
easat-8251	240	10	few	few	ADJ
easat-8251	240	11	leading	lead	VERB
easat-8251	240	12	firms	firm	NOUN
easat-8251	240	13	dominate	dominate	VERB
easat-8251	240	14	the	the	DET
easat-8251	240	15	performance	performance	NOUN
easat-8251	240	16	of	of	ADP
easat-8251	240	17	the	the	DET
easat-8251	240	18	security	security	NOUN
easat-8251	240	19	sector	sector	NOUN
easat-8251	240	20	in	in	ADP
easat-8251	240	21	vietnam	vietnam	PROPN
easat-8251	240	22	.	.	PUNCT
easat-8251	241	1	the	the	DET
easat-8251	241	2	average	average	ADJ
easat-8251	241	3	roa	roa	NOUN
easat-8251	241	4	shows	show	VERB
easat-8251	241	5	gradual	gradual	ADJ
easat-8251	241	6	improvement	improvement	NOUN
easat-8251	241	7	over	over	ADP
easat-8251	241	8	the	the	DET
easat-8251	241	9	three	three	NUM
easat-8251	241	10	periods	period	NOUN
easat-8251	241	11	,	,	PUNCT
easat-8251	241	12	increasing	increase	VERB
easat-8251	241	13	from	from	ADP
easat-8251	241	14	1.45	1.45	NUM
easat-8251	241	15	%	%	NOUN
easat-8251	241	16	in	in	ADP
easat-8251	241	17	2010	2010	NUM
easat-8251	241	18	-	-	SYM
easat-8251	241	19	2015	2015	NUM
easat-8251	241	20	to	to	ADP
easat-8251	241	21	4.28	4.28	NUM
easat-8251	241	22	%	%	NOUN
easat-8251	241	23	in	in	ADP
easat-8251	241	24	2016	2016	NUM
easat-8251	241	25	-	-	SYM
easat-8251	241	26	2020	2020	NUM
easat-8251	241	27	before	before	ADP
easat-8251	241	28	slightly	slightly	ADV
easat-8251	241	29	declining	decline	VERB
easat-8251	241	30	to	to	ADP
easat-8251	241	31	2.41	2.41	NUM
easat-8251	241	32	%	%	NOUN
easat-8251	241	33	in	in	ADP
easat-8251	241	34	2021	2021	NUM
easat-8251	241	35	-	-	SYM
easat-8251	241	36	2024	2024	NUM
easat-8251	241	37	.	.	PUNCT
easat-8251	242	1	roa	roa	PROPN
easat-8251	242	2	has	have	AUX
easat-8251	242	3	been	be	AUX
easat-8251	242	4	improved	improve	VERB
easat-8251	242	5	gradually	gradually	ADV
easat-8251	242	6	over	over	ADP
easat-8251	242	7	the	the	DET
easat-8251	242	8	three	three	NUM
easat-8251	242	9	periods	period	NOUN
easat-8251	242	10	,	,	PUNCT
easat-8251	242	11	implying	imply	VERB
easat-8251	242	12	that	that	SCONJ
easat-8251	242	13	securities	security	NOUN
easat-8251	242	14	firms	firm	NOUN
easat-8251	242	15	have	have	AUX
easat-8251	242	16	become	become	VERB
easat-8251	242	17	more	more	ADV
easat-8251	242	18	efficient	efficient	ADJ
easat-8251	242	19	in	in	ADP
easat-8251	242	20	utilizing	utilize	VERB
easat-8251	242	21	their	their	PRON
easat-8251	242	22	assets	asset	NOUN
easat-8251	242	23	to	to	PART
easat-8251	242	24	generate	generate	VERB
easat-8251	242	25	returns	return	NOUN
easat-8251	242	26	.	.	PUNCT
easat-8251	243	1	however	however	ADV
easat-8251	243	2	,	,	PUNCT
easat-8251	243	3	the	the	DET
easat-8251	243	4	standard	standard	ADJ
easat-8251	243	5	deviations	deviation	NOUN
easat-8251	243	6	remain	remain	VERB
easat-8251	243	7	high	high	ADJ
easat-8251	243	8	across	across	ADP
easat-8251	243	9	all	all	DET
easat-8251	243	10	periods	period	NOUN
easat-8251	243	11	,	,	PUNCT
easat-8251	243	12	with	with	ADP
easat-8251	243	13	the	the	DET
easat-8251	243	14	2021	2021	NUM
easat-8251	243	15	-	-	SYM
easat-8251	243	16	2024	2024	NUM
easat-8251	243	17	period	period	NOUN
easat-8251	243	18	seeing	see	VERB
easat-8251	243	19	the	the	DET
easat-8251	243	20	highest	high	ADJ
easat-8251	243	21	volatility	volatility	NOUN
easat-8251	243	22	(	(	PUNCT
easat-8251	243	23	16.44	16.44	NUM
easat-8251	243	24	%	%	NOUN
easat-8251	243	25	)	)	PUNCT
easat-8251	243	26	.	.	PUNCT
easat-8251	244	1	the	the	DET
easat-8251	244	2	wide	wide	ADJ
easat-8251	244	3	range	range	NOUN
easat-8251	244	4	of	of	ADP
easat-8251	244	5	roa	roa	PROPN
easat-8251	244	6	values	value	NOUN
easat-8251	244	7	(	(	PUNCT
easat-8251	244	8	from	from	ADP
easat-8251	244	9	-146.21	-146.21	PROPN
easat-8251	244	10	%	%	NOUN
easat-8251	244	11	to	to	ADP
easat-8251	244	12	62.16	62.16	NUM
easat-8251	244	13	%	%	NOUN
easat-8251	244	14	in	in	ADP
easat-8251	244	15	2021	2021	NUM
easat-8251	244	16	-	-	SYM
easat-8251	244	17	2024	2024	NUM
easat-8251	244	18	)	)	PUNCT
easat-8251	244	19	highlights	highlight	NOUN
easat-8251	244	20	that	that	SCONJ
easat-8251	244	21	while	while	SCONJ
easat-8251	244	22	some	some	DET
easat-8251	244	23	companies	company	NOUN
easat-8251	244	24	are	be	AUX
easat-8251	244	25	highly	highly	ADV
easat-8251	244	26	efficient	efficient	ADJ
easat-8251	244	27	in	in	ADP
easat-8251	244	28	utilizing	utilize	VERB
easat-8251	244	29	their	their	PRON
easat-8251	244	30	assets	asset	NOUN
easat-8251	244	31	,	,	PUNCT
easat-8251	244	32	others	other	NOUN
easat-8251	244	33	struggle	struggle	VERB
easat-8251	244	34	to	to	PART
easat-8251	244	35	achieve	achieve	VERB
easat-8251	244	36	returns	return	NOUN
easat-8251	244	37	.	.	PUNCT
easat-8251	245	1	the	the	DET
easat-8251	245	2	average	average	ADJ
easat-8251	245	3	return	return	NOUN
easat-8251	245	4	on	on	ADP
easat-8251	245	5	equity	equity	NOUN
easat-8251	245	6	(	(	PUNCT
easat-8251	245	7	roe	roe	PROPN
easat-8251	245	8	)	)	PUNCT
easat-8251	245	9	increased	increase	VERB
easat-8251	245	10	significantly	significantly	ADV
easat-8251	245	11	from	from	ADP
easat-8251	245	12	2.86	2.86	NUM
easat-8251	245	13	%	%	NOUN
easat-8251	245	14	in	in	ADP
easat-8251	245	15	2010	2010	NUM
easat-8251	245	16	-	-	SYM
easat-8251	245	17	2015	2015	NUM
easat-8251	245	18	to	to	ADP
easat-8251	245	19	9.96	9.96	NUM
easat-8251	245	20	%	%	NOUN
easat-8251	245	21	in	in	ADP
easat-8251	245	22	2016	2016	NUM
easat-8251	245	23	-	-	SYM
easat-8251	245	24	2020	2020	NUM
easat-8251	245	25	,	,	PUNCT
easat-8251	245	26	indicating	indicate	VERB
easat-8251	245	27	a	a	DET
easat-8251	245	28	higher	high	ADJ
easat-8251	245	29	return	return	NOUN
easat-8251	245	30	for	for	ADP
easat-8251	245	31	shareholders	shareholder	NOUN
easat-8251	245	32	of	of	ADP
easat-8251	245	33	listed	list	VERB
easat-8251	245	34	securities	security	NOUN
easat-8251	245	35	firms	firm	NOUN
easat-8251	245	36	in	in	ADP
easat-8251	245	37	vietnam	vietnam	PROPN
easat-8251	245	38	.	.	PUNCT
easat-8251	246	1	the	the	DET
easat-8251	246	2	period	period	NOUN
easat-8251	246	3	from	from	ADP
easat-8251	246	4	2021	2021	NUM
easat-8251	246	5	to	to	ADP
easat-8251	246	6	2024	2024	NUM
easat-8251	246	7	saw	see	VERB
easat-8251	246	8	the	the	DET
easat-8251	246	9	highest	high	ADJ
easat-8251	246	10	return	return	NOUN
easat-8251	246	11	on	on	ADP
easat-8251	246	12	equity	equity	NOUN
easat-8251	246	13	(	(	PUNCT
easat-8251	246	14	roe	roe	PROPN
easat-8251	246	15	)	)	PUNCT
easat-8251	246	16	,	,	PUNCT
easat-8251	246	17	with	with	ADP
easat-8251	246	18	an	an	DET
easat-8251	246	19	average	average	ADJ
easat-8251	246	20	value	value	NOUN
easat-8251	246	21	of	of	ADP
easat-8251	246	22	9.38	9.38	NUM
easat-8251	246	23	%	%	NOUN
easat-8251	246	24	.	.	PUNCT
easat-8251	247	1	similar	similar	ADJ
easat-8251	247	2	to	to	ADP
easat-8251	247	3	the	the	DET
easat-8251	247	4	situation	situation	NOUN
easat-8251	247	5	of	of	ADP
easat-8251	247	6	gross	gross	ADJ
easat-8251	247	7	profit	profit	NOUN
easat-8251	247	8	and	and	CCONJ
easat-8251	247	9	roa	roa	NOUN
easat-8251	247	10	,	,	PUNCT
easat-8251	247	11	there	there	PRON
easat-8251	247	12	was	be	VERB
easat-8251	247	13	a	a	DET
easat-8251	247	14	high	high	ADJ
easat-8251	247	15	variation	variation	NOUN
easat-8251	247	16	in	in	ADP
easat-8251	247	17	roe	roe	PROPN
easat-8251	247	18	of	of	ADP
easat-8251	247	19	listed	list	VERB
easat-8251	247	20	securities	security	NOUN
easat-8251	247	21	companies	company	NOUN
easat-8251	247	22	.	.	PUNCT
easat-8251	248	1	in	in	ADP
easat-8251	248	2	summary	summary	NOUN
easat-8251	248	3	,	,	PUNCT
easat-8251	248	4	the	the	DET
easat-8251	248	5	financial	financial	ADJ
easat-8251	248	6	performance	performance	NOUN
easat-8251	248	7	of	of	ADP
easat-8251	248	8	vietnam	vietnam	PROPN
easat-8251	248	9	's	's	PART
easat-8251	248	10	listed	list	VERB
easat-8251	248	11	securities	security	NOUN
easat-8251	248	12	companies	company	NOUN
easat-8251	248	13	from	from	ADP
easat-8251	248	14	2010	2010	NUM
easat-8251	248	15	to	to	ADP
easat-8251	248	16	2024	2024	NUM
easat-8251	248	17	demonstrates	demonstrate	VERB
easat-8251	248	18	notable	notable	ADJ
easat-8251	248	19	growth	growth	NOUN
easat-8251	248	20	in	in	ADP
easat-8251	248	21	profitability	profitability	NOUN
easat-8251	248	22	.	.	PUNCT
easat-8251	249	1	however	however	ADV
easat-8251	249	2	,	,	PUNCT
easat-8251	249	3	high	high	ADJ
easat-8251	249	4	standard	standard	ADJ
easat-8251	249	5	deviations	deviation	NOUN
easat-8251	249	6	reveal	reveal	VERB
easat-8251	249	7	profitability	profitability	NOUN
easat-8251	249	8	disparities	disparity	NOUN
easat-8251	249	9	between	between	ADP
easat-8251	249	10	leading	lead	VERB
easat-8251	249	11	and	and	CCONJ
easat-8251	249	12	underperfỏmed	underperfỏmed	ADJ
easat-8251	249	13	firms	firm	NOUN
easat-8251	249	14	.	.	PUNCT
easat-8251	250	1	the	the	DET
easat-8251	250	2	dominance	dominance	NOUN
easat-8251	250	3	of	of	ADP
easat-8251	250	4	a	a	DET
easat-8251	250	5	few	few	ADJ
easat-8251	250	6	leading	lead	VERB
easat-8251	250	7	firms	firm	NOUN
easat-8251	250	8	suggests	suggest	VERB
easat-8251	250	9	a	a	DET
easat-8251	250	10	competitive	competitive	ADJ
easat-8251	250	11	and	and	CCONJ
easat-8251	250	12	fragmented	fragmented	ADJ
easat-8251	250	13	market	market	NOUN
easat-8251	250	14	.	.	PUNCT
easat-8251	251	1	while	while	SCONJ
easat-8251	251	2	the	the	DET
easat-8251	251	3	overall	overall	ADJ
easat-8251	251	4	sector	sector	NOUN
easat-8251	251	5	has	have	AUX
easat-8251	251	6	progressed	progress	VERB
easat-8251	251	7	,	,	PUNCT
easat-8251	251	8	the	the	DET
easat-8251	251	9	wide	wide	ADJ
easat-8251	251	10	performance	performance	NOUN
easat-8251	251	11	gaps	gap	NOUN
easat-8251	251	12	underscore	underscore	VERB
easat-8251	251	13	the	the	DET
easat-8251	251	14	challenges	challenge	NOUN
easat-8251	251	15	faced	face	VERB
easat-8251	251	16	by	by	ADP
easat-8251	251	17	smaller	small	ADJ
easat-8251	251	18	or	or	CCONJ
easat-8251	251	19	less	less	ADV
easat-8251	251	20	efficient	efficient	ADJ
easat-8251	251	21	companies	company	NOUN
easat-8251	251	22	.	.	PUNCT
easat-8251	252	1	table	table	NOUN
easat-8251	252	2	4	4	NUM
easat-8251	252	3	.	.	PUNCT
easat-8251	252	4	descriptive	descriptive	ADJ
easat-8251	252	5	statistics	statistic	NOUN
easat-8251	252	6	of	of	ADP
easat-8251	252	7	explanatory	explanatory	ADJ
easat-8251	252	8	variables	variable	NOUN
easat-8251	252	9	.	.	PUNCT
easat-8251	253	1	variable	variable	ADJ
easat-8251	253	2	obs	obs	PROPN
easat-8251	253	3	mean	mean	VERB
easat-8251	253	4	std	std	PROPN
easat-8251	253	5	.	.	PROPN
easat-8251	254	1	dev	dev	PROPN
easat-8251	254	2	.	.	PUNCT
easat-8251	254	3	min	min	PROPN
easat-8251	254	4	.	.	PROPN
easat-8251	254	5	max	max	PROPN
easat-8251	254	6	.	.	PROPN
easat-8251	254	7	size	size	PROPN
easat-8251	254	8	495	495	NUM
easat-8251	254	9	20.83562	20.83562	NUM
easat-8251	254	10	1.518222	1.518222	NUM
easat-8251	254	11	17.09002	17.09002	NUM
easat-8251	254	12	25.02065	25.02065	NUM
easat-8251	254	13	business	business	NOUN
easat-8251	254	14	diversification	diversification	NOUN
easat-8251	254	15	business_p	business_p	NOUN
easat-8251	254	16	495	495	NUM
easat-8251	254	17	0.2397589	0.2397589	NUM
easat-8251	254	18	0.2882298	0.2882298	NUM
easat-8251	254	19	-0.2265366	-0.2265366	NOUN
easat-8251	254	20	0.9832024	0.9832024	NUM
easat-8251	254	21	brokage_p	brokage_p	NOUN
easat-8251	254	22	495	495	NUM
easat-8251	254	23	0.2322983	0.2322983	NUM
easat-8251	254	24	0.1708979	0.1708979	NUM
easat-8251	254	25	0.0034511	0.0034511	NUM
easat-8251	254	26	1	1	NUM
easat-8251	254	27	consult_p	consult_p	NOUN
easat-8251	254	28	495	495	NUM
easat-8251	254	29	0.0890229	0.0890229	NUM
easat-8251	254	30	0.1960606	0.1960606	NUM
easat-8251	254	31	-0.0018345	-0.0018345	NOUN
easat-8251	254	32	2.827585	2.827585	NUM
easat-8251	254	33	lend_p	lend_p	NOUN
easat-8251	254	34	495	495	NUM
easat-8251	255	1	0.1426343	0.1426343	NUM
easat-8251	255	2	0.1786113	0.1786113	NUM
easat-8251	255	3	0	0	NUM
easat-8251	255	4	0.6745942	0.6745942	NUM
easat-8251	255	5	control	control	NOUN
easat-8251	255	6	variables	variable	NOUN
easat-8251	255	7	cashratio	cashratio	VERB
easat-8251	255	8	495	495	NUM
easat-8251	255	9	-0.6274476	-0.6274476	NOUN
easat-8251	256	1	3.799652	3.799652	NUM
easat-8251	256	2	-32.60206	-32.60206	SYM
easat-8251	256	3	46.95681	46.95681	NUM
easat-8251	256	4	incap	incap	VERB
easat-8251	256	5	494	494	NUM
easat-8251	256	6	0.0272945	0.0272945	NUM
easat-8251	256	7	0.0381665	0.0381665	NUM
easat-8251	256	8	0	0	NUM
easat-8251	256	9	0.2	0.2	NUM
easat-8251	256	10	stockgdp	stockgdp	NOUN
easat-8251	256	11	495	495	NUM
easat-8251	256	12	35.66116	35.66116	NUM
easat-8251	256	13	19.23755	19.23755	NUM
easat-8251	256	14	0	0	NUM
easat-8251	257	1	76.075	76.075	NUM
easat-8251	257	2	interest	interest	NOUN
easat-8251	257	3	495	495	NUM
easat-8251	257	4	9.421213	9.421213	NUM
easat-8251	257	5	2.834459	2.834459	NUM
easat-8251	257	6	6.96	6.96	NUM
easat-8251	257	7	16.9538	16.9538	NUM
easat-8251	257	8	4.2	4.2	NUM
easat-8251	257	9	.	.	PUNCT
easat-8251	258	1	descriptive	descriptive	ADJ
easat-8251	258	2	statistics	statistic	NOUN
easat-8251	258	3	of	of	ADP
easat-8251	258	4	proxy	proxy	ADJ
easat-8251	258	5	variables	variable	NOUN
easat-8251	258	6	table	table	NOUN
easat-8251	258	7	4	4	NUM
easat-8251	258	8	reports	report	VERB
easat-8251	258	9	the	the	DET
easat-8251	258	10	description	description	NOUN
easat-8251	258	11	of	of	ADP
easat-8251	258	12	explanatory	explanatory	ADJ
easat-8251	258	13	variables	variable	NOUN
easat-8251	258	14	in	in	ADP
easat-8251	258	15	the	the	DET
easat-8251	258	16	empirical	empirical	ADJ
easat-8251	258	17	models	model	NOUN
easat-8251	258	18	.	.	PUNCT
easat-8251	259	1	the	the	DET
easat-8251	259	2	average	average	ADJ
easat-8251	259	3	size	size	NOUN
easat-8251	259	4	of	of	ADP
easat-8251	259	5	the	the	DET
easat-8251	259	6	securities	security	NOUN
easat-8251	259	7	companies	company	NOUN
easat-8251	259	8	is	be	AUX
easat-8251	259	9	20.84	20.84	NUM
easat-8251	259	10	,	,	PUNCT
easat-8251	259	11	with	with	ADP
easat-8251	259	12	a	a	DET
easat-8251	259	13	standard	standard	ADJ
easat-8251	259	14	deviation	deviation	NOUN
easat-8251	259	15	of	of	ADP
easat-8251	259	16	1.52	1.52	NUM
easat-8251	259	17	.	.	PUNCT
easat-8251	260	1	this	this	PRON
easat-8251	260	2	indicates	indicate	VERB
easat-8251	260	3	a	a	DET
easat-8251	260	4	relatively	relatively	ADV
easat-8251	260	5	consistent	consistent	ADJ
easat-8251	260	6	company	company	NOUN
easat-8251	260	7	size	size	NOUN
easat-8251	260	8	across	across	ADP
easat-8251	260	9	the	the	DET
easat-8251	260	10	sample	sample	NOUN
easat-8251	260	11	.	.	PUNCT
easat-8251	261	1	the	the	DET
easat-8251	261	2	range	range	NOUN
easat-8251	261	3	value	value	NOUN
easat-8251	261	4	from	from	ADP
easat-8251	261	5	17.09	17.09	NUM
easat-8251	261	6	to	to	ADP
easat-8251	261	7	25.02	25.02	NUM
easat-8251	261	8	represents	represent	VERB
easat-8251	261	9	the	the	DET
easat-8251	261	10	variation	variation	NOUN
easat-8251	261	11	in	in	ADP
easat-8251	261	12	the	the	DET
easat-8251	261	13	1869	1869	NUM
easat-8251	261	14	edelweiss	edelweiss	PROPN
easat-8251	261	15	applied	apply	VERB
easat-8251	261	16	science	science	NOUN
easat-8251	261	17	and	and	CCONJ
easat-8251	261	18	technology	technology	NOUN
easat-8251	261	19	issn	issn	PROPN
easat-8251	261	20	:	:	PUNCT
easat-8251	261	21	2576	2576	NUM
easat-8251	261	22	-	-	SYM
easat-8251	261	23	8484	8484	NUM
easat-8251	261	24	vol	vol	NOUN
easat-8251	261	25	.	.	PROPN
easat-8251	262	1	9	9	NUM
easat-8251	262	2	,	,	PUNCT
easat-8251	262	3	no	no	INTJ
easat-8251	262	4	.	.	NOUN
easat-8251	262	5	6	6	NUM
easat-8251	262	6	:	:	SYM
easat-8251	262	7	1862	1862	NUM
easat-8251	262	8	-	-	SYM
easat-8251	262	9	1874	1874	NUM
easat-8251	262	10	,	,	PUNCT
easat-8251	262	11	2025	2025	NUM
easat-8251	262	12	doi	doi	NOUN
easat-8251	262	13	:	:	PUNCT
easat-8251	262	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	262	15	©	©	PROPN
easat-8251	262	16	2025	2025	NUM
easat-8251	262	17	by	by	ADP
easat-8251	262	18	the	the	DET
easat-8251	262	19	authors	author	NOUN
easat-8251	262	20	;	;	PUNCT
easat-8251	262	21	licensee	licensee	PROPN
easat-8251	262	22	learning	learn	VERB
easat-8251	262	23	gate	gate	PROPN
easat-8251	262	24	sample	sample	NOUN
easat-8251	262	25	.	.	PUNCT
easat-8251	263	1	the	the	DET
easat-8251	263	2	average	average	ADJ
easat-8251	263	3	portion	portion	NOUN
easat-8251	263	4	of	of	ADP
easat-8251	263	5	revenue	revenue	NOUN
easat-8251	263	6	from	from	ADP
easat-8251	263	7	securities	security	NOUN
easat-8251	263	8	business	business	NOUN
easat-8251	263	9	is	be	AUX
easat-8251	263	10	24	24	NUM
easat-8251	263	11	%	%	NOUN
easat-8251	263	12	,	,	PUNCT
easat-8251	263	13	with	with	ADP
easat-8251	263	14	a	a	DET
easat-8251	263	15	standard	standard	ADJ
easat-8251	263	16	value	value	NOUN
easat-8251	263	17	of	of	ADP
easat-8251	263	18	29	29	NUM
easat-8251	263	19	%	%	NOUN
easat-8251	263	20	.	.	PUNCT
easat-8251	264	1	the	the	DET
easat-8251	264	2	range	range	NOUN
easat-8251	264	3	from	from	ADP
easat-8251	264	4	-23	-23	PROPN
easat-8251	264	5	%	%	NOUN
easat-8251	264	6	to	to	PART
easat-8251	264	7	98	98	NUM
easat-8251	264	8	%	%	NOUN
easat-8251	264	9	indicates	indicate	VERB
easat-8251	264	10	that	that	SCONJ
easat-8251	264	11	some	some	DET
easat-8251	264	12	firms	firm	NOUN
easat-8251	264	13	make	make	VERB
easat-8251	264	14	huge	huge	ADJ
easat-8251	264	15	losses	loss	NOUN
easat-8251	264	16	when	when	SCONJ
easat-8251	264	17	conducting	conduct	VERB
easat-8251	264	18	securities	security	NOUN
easat-8251	264	19	business	business	NOUN
easat-8251	264	20	.	.	PUNCT
easat-8251	265	1	the	the	DET
easat-8251	265	2	mean	mean	ADJ
easat-8251	265	3	value	value	NOUN
easat-8251	265	4	of	of	ADP
easat-8251	265	5	brokerage	brokerage	NOUN
easat-8251	265	6	percentages	percentage	NOUN
easat-8251	265	7	is	be	AUX
easat-8251	265	8	23	23	NUM
easat-8251	265	9	%	%	NOUN
easat-8251	265	10	,	,	PUNCT
easat-8251	265	11	with	with	ADP
easat-8251	265	12	a	a	DET
easat-8251	265	13	standard	standard	ADJ
easat-8251	265	14	deviation	deviation	NOUN
easat-8251	265	15	of	of	ADP
easat-8251	265	16	17	17	NUM
easat-8251	265	17	%	%	NOUN
easat-8251	265	18	,	,	PUNCT
easat-8251	265	19	showing	show	VERB
easat-8251	265	20	moderate	moderate	ADJ
easat-8251	265	21	variability	variability	NOUN
easat-8251	265	22	in	in	ADP
easat-8251	265	23	brokerage	brokerage	NOUN
easat-8251	265	24	performance	performance	NOUN
easat-8251	265	25	.	.	PUNCT
easat-8251	266	1	the	the	DET
easat-8251	266	2	mean	mean	ADJ
easat-8251	266	3	value	value	NOUN
easat-8251	266	4	of	of	ADP
easat-8251	266	5	consulting	consult	VERB
easat-8251	266	6	percentage	percentage	NOUN
easat-8251	266	7	is	be	AUX
easat-8251	266	8	only	only	ADV
easat-8251	266	9	9	9	NUM
easat-8251	266	10	%	%	NOUN
easat-8251	266	11	with	with	ADP
easat-8251	266	12	a	a	DET
easat-8251	266	13	standard	standard	ADJ
easat-8251	266	14	deviation	deviation	NOUN
easat-8251	266	15	of	of	ADP
easat-8251	266	16	20	20	NUM
easat-8251	266	17	%	%	NOUN
easat-8251	266	18	,	,	PUNCT
easat-8251	266	19	highlighting	highlight	VERB
easat-8251	266	20	the	the	DET
easat-8251	266	21	minority	minority	NOUN
easat-8251	266	22	of	of	ADP
easat-8251	266	23	consulting	consult	VERB
easat-8251	266	24	revenue	revenue	NOUN
easat-8251	266	25	in	in	ADP
easat-8251	266	26	the	the	DET
easat-8251	266	27	business	business	NOUN
easat-8251	266	28	model	model	NOUN
easat-8251	266	29	of	of	ADP
easat-8251	266	30	securities	security	NOUN
easat-8251	266	31	firms	firm	NOUN
easat-8251	266	32	in	in	ADP
easat-8251	266	33	vietnam	vietnam	PROPN
easat-8251	266	34	.	.	PUNCT
easat-8251	267	1	the	the	DET
easat-8251	267	2	minimum	minimum	ADJ
easat-8251	267	3	value	value	NOUN
easat-8251	267	4	of	of	ADP
easat-8251	267	5	-0.2	-0.2	NOUN
easat-8251	267	6	%	%	NOUN
easat-8251	267	7	and	and	CCONJ
easat-8251	267	8	the	the	DET
easat-8251	267	9	maximum	maximum	ADJ
easat-8251	267	10	value	value	NOUN
easat-8251	267	11	of	of	ADP
easat-8251	267	12	283	283	NUM
easat-8251	267	13	%	%	NOUN
easat-8251	267	14	show	show	NOUN
easat-8251	267	15	that	that	SCONJ
easat-8251	267	16	while	while	SCONJ
easat-8251	267	17	most	most	ADJ
easat-8251	267	18	companies	company	NOUN
easat-8251	267	19	have	have	VERB
easat-8251	267	20	low	low	ADJ
easat-8251	267	21	consulting	consulting	NOUN
easat-8251	267	22	performance	performance	NOUN
easat-8251	267	23	,	,	PUNCT
easat-8251	267	24	some	some	DET
easat-8251	267	25	companies	company	NOUN
easat-8251	267	26	perform	perform	VERB
easat-8251	267	27	exceptionally	exceptionally	ADV
easat-8251	267	28	well	well	ADV
easat-8251	267	29	in	in	ADP
easat-8251	267	30	this	this	DET
easat-8251	267	31	activity	activity	NOUN
easat-8251	267	32	.	.	PUNCT
easat-8251	268	1	lending	lending	NOUN
easat-8251	268	2	activity	activity	NOUN
easat-8251	268	3	accounts	account	VERB
easat-8251	268	4	for	for	ADP
easat-8251	268	5	an	an	DET
easat-8251	268	6	average	average	NOUN
easat-8251	268	7	of	of	ADP
easat-8251	268	8	14	14	NUM
easat-8251	268	9	%	%	NOUN
easat-8251	268	10	of	of	ADP
easat-8251	268	11	total	total	ADJ
easat-8251	268	12	revenue	revenue	NOUN
easat-8251	268	13	.	.	PUNCT
easat-8251	269	1	some	some	DET
easat-8251	269	2	firms	firm	NOUN
easat-8251	269	3	do	do	AUX
easat-8251	269	4	not	not	PART
easat-8251	269	5	provide	provide	VERB
easat-8251	269	6	lending	lending	NOUN
easat-8251	269	7	,	,	PUNCT
easat-8251	269	8	but	but	CCONJ
easat-8251	269	9	others	other	NOUN
easat-8251	269	10	have	have	VERB
easat-8251	269	11	67	67	NUM
easat-8251	269	12	%	%	NOUN
easat-8251	269	13	of	of	ADP
easat-8251	269	14	their	their	PRON
easat-8251	269	15	revenues	revenue	NOUN
easat-8251	269	16	coming	come	VERB
easat-8251	269	17	from	from	ADP
easat-8251	269	18	lending	lending	NOUN
easat-8251	269	19	activities	activity	NOUN
easat-8251	269	20	.	.	PUNCT
easat-8251	270	1	the	the	DET
easat-8251	270	2	average	average	ADJ
easat-8251	270	3	ratio	ratio	NOUN
easat-8251	270	4	of	of	ADP
easat-8251	270	5	operating	operate	VERB
easat-8251	270	6	cash	cash	NOUN
easat-8251	270	7	flow	flow	NOUN
easat-8251	270	8	to	to	ADP
easat-8251	270	9	net	net	ADJ
easat-8251	270	10	revenues	revenue	NOUN
easat-8251	270	11	is	be	AUX
easat-8251	270	12	-0.63	-0.63	NOUN
easat-8251	270	13	.	.	PUNCT
easat-8251	271	1	the	the	DET
easat-8251	271	2	standard	standard	ADJ
easat-8251	271	3	deviation	deviation	NOUN
easat-8251	271	4	is	be	AUX
easat-8251	271	5	3.80	3.80	NUM
easat-8251	271	6	,	,	PUNCT
easat-8251	271	7	indicating	indicate	VERB
easat-8251	271	8	that	that	SCONJ
easat-8251	271	9	some	some	DET
easat-8251	271	10	companies	company	NOUN
easat-8251	271	11	have	have	VERB
easat-8251	271	12	strong	strong	ADJ
easat-8251	271	13	cash	cash	NOUN
easat-8251	271	14	flow	flow	NOUN
easat-8251	271	15	positions	position	NOUN
easat-8251	271	16	and	and	CCONJ
easat-8251	271	17	are	be	AUX
easat-8251	271	18	highly	highly	ADV
easat-8251	271	19	liquid	liquid	ADJ
easat-8251	271	20	,	,	PUNCT
easat-8251	271	21	while	while	SCONJ
easat-8251	271	22	most	most	ADJ
easat-8251	271	23	securities	security	NOUN
easat-8251	271	24	companies	company	NOUN
easat-8251	271	25	struggle	struggle	VERB
easat-8251	271	26	to	to	PART
easat-8251	271	27	manage	manage	VERB
easat-8251	271	28	their	their	PRON
easat-8251	271	29	cash	cash	NOUN
easat-8251	271	30	effectively	effectively	ADV
easat-8251	271	31	.	.	PUNCT
easat-8251	272	1	the	the	DET
easat-8251	272	2	average	average	ADJ
easat-8251	272	3	incap	incap	NOUN
easat-8251	272	4	is	be	AUX
easat-8251	272	5	3	3	NUM
easat-8251	272	6	%	%	NOUN
easat-8251	272	7	,	,	PUNCT
easat-8251	272	8	with	with	ADP
easat-8251	272	9	a	a	DET
easat-8251	272	10	standard	standard	ADJ
easat-8251	272	11	deviation	deviation	NOUN
easat-8251	272	12	of	of	ADP
easat-8251	272	13	4	4	NUM
easat-8251	272	14	%	%	NOUN
easat-8251	272	15	.	.	PUNCT
easat-8251	273	1	this	this	PRON
easat-8251	273	2	suggests	suggest	VERB
easat-8251	273	3	that	that	SCONJ
easat-8251	273	4	most	most	ADJ
easat-8251	273	5	companies	company	NOUN
easat-8251	273	6	rely	rely	VERB
easat-8251	273	7	heavily	heavily	ADV
easat-8251	273	8	on	on	ADP
easat-8251	273	9	external	external	ADJ
easat-8251	273	10	financing	financing	NOUN
easat-8251	273	11	sources	source	NOUN
easat-8251	273	12	.	.	PUNCT
easat-8251	274	1	the	the	DET
easat-8251	274	2	maximum	maximum	ADJ
easat-8251	274	3	internal	internal	ADJ
easat-8251	274	4	financing	financing	NOUN
easat-8251	274	5	source	source	NOUN
easat-8251	274	6	is	be	AUX
easat-8251	274	7	20	20	NUM
easat-8251	274	8	%	%	NOUN
easat-8251	274	9	of	of	ADP
easat-8251	274	10	total	total	ADJ
easat-8251	274	11	equity	equity	NOUN
easat-8251	274	12	,	,	PUNCT
easat-8251	274	13	indicating	indicate	VERB
easat-8251	274	14	that	that	SCONJ
easat-8251	274	15	the	the	DET
easat-8251	274	16	retention	retention	NOUN
easat-8251	274	17	rate	rate	NOUN
easat-8251	274	18	of	of	ADP
easat-8251	274	19	the	the	DET
easat-8251	274	20	securities	security	NOUN
easat-8251	274	21	firms	firm	NOUN
easat-8251	274	22	is	be	AUX
easat-8251	274	23	lower	low	ADJ
easat-8251	274	24	than	than	ADP
easat-8251	274	25	the	the	DET
easat-8251	274	26	payout	payout	NOUN
easat-8251	274	27	rate	rate	NOUN
easat-8251	274	28	.	.	PUNCT
easat-8251	275	1	regarding	regard	VERB
easat-8251	275	2	macroeconomic	macroeconomic	ADJ
easat-8251	275	3	variables	variable	NOUN
easat-8251	275	4	,	,	PUNCT
easat-8251	275	5	the	the	DET
easat-8251	275	6	stockgdp	stockgdp	NOUN
easat-8251	275	7	has	have	VERB
easat-8251	275	8	an	an	DET
easat-8251	275	9	average	average	NOUN
easat-8251	275	10	of	of	ADP
easat-8251	275	11	35.66	35.66	NUM
easat-8251	275	12	%	%	NOUN
easat-8251	275	13	,	,	PUNCT
easat-8251	275	14	with	with	ADP
easat-8251	275	15	a	a	DET
easat-8251	275	16	standard	standard	ADJ
easat-8251	275	17	deviation	deviation	NOUN
easat-8251	275	18	of	of	ADP
easat-8251	275	19	19.24	19.24	NUM
easat-8251	275	20	%	%	NOUN
easat-8251	275	21	.	.	PUNCT
easat-8251	276	1	the	the	DET
easat-8251	276	2	vietnamese	vietnamese	ADJ
easat-8251	276	3	stock	stock	NOUN
easat-8251	276	4	market	market	NOUN
easat-8251	276	5	is	be	AUX
easat-8251	276	6	on	on	ADP
easat-8251	276	7	an	an	DET
easat-8251	276	8	upward	upward	ADJ
easat-8251	276	9	trend	trend	NOUN
easat-8251	276	10	,	,	PUNCT
easat-8251	276	11	with	with	ADP
easat-8251	276	12	a	a	DET
easat-8251	276	13	growing	grow	VERB
easat-8251	276	14	contribution	contribution	NOUN
easat-8251	276	15	to	to	ADP
easat-8251	276	16	the	the	DET
easat-8251	276	17	country	country	NOUN
easat-8251	276	18	's	's	PART
easat-8251	276	19	gdp	gdp	NOUN
easat-8251	276	20	.	.	PUNCT
easat-8251	277	1	on	on	ADP
easat-8251	277	2	average	average	ADJ
easat-8251	277	3	,	,	PUNCT
easat-8251	277	4	the	the	DET
easat-8251	277	5	stock	stock	NOUN
easat-8251	277	6	market	market	NOUN
easat-8251	277	7	's	's	PART
easat-8251	277	8	value	value	NOUN
easat-8251	277	9	accounts	account	VERB
easat-8251	277	10	for	for	ADP
easat-8251	277	11	approximately	approximately	ADV
easat-8251	277	12	36	36	NUM
easat-8251	277	13	%	%	NOUN
easat-8251	277	14	of	of	ADP
easat-8251	277	15	vietnam	vietnam	PROPN
easat-8251	277	16	's	's	PART
easat-8251	277	17	total	total	ADJ
easat-8251	277	18	gdp	gdp	NOUN
easat-8251	277	19	,	,	PUNCT
easat-8251	277	20	underscoring	underscore	VERB
easat-8251	277	21	its	its	PRON
easat-8251	277	22	significance	significance	NOUN
easat-8251	277	23	in	in	ADP
easat-8251	277	24	the	the	DET
easat-8251	277	25	country	country	NOUN
easat-8251	277	26	's	's	PART
easat-8251	277	27	financial	financial	ADJ
easat-8251	277	28	system	system	NOUN
easat-8251	277	29	.	.	PUNCT
easat-8251	278	1	table	table	NOUN
easat-8251	278	2	5	5	NUM
easat-8251	278	3	.	.	PUNCT
easat-8251	278	4	model	model	NOUN
easat-8251	278	5	selection	selection	NOUN
easat-8251	278	6	.	.	PUNCT
easat-8251	279	1	criteria	criterion	NOUN
easat-8251	279	2	model	model	VERB
easat-8251	279	3	1	1	NUM
easat-8251	279	4	grossprofit	grossprofit	NOUN
easat-8251	279	5	model	model	NOUN
easat-8251	279	6	2	2	NUM
easat-8251	279	7	grossmargin	grossmargin	NOUN
easat-8251	279	8	model	model	NOUN
easat-8251	279	9	3	3	NUM
easat-8251	279	10	roa	roa	NOUN
easat-8251	279	11	model	model	NOUN
easat-8251	279	12	4	4	NUM
easat-8251	279	13	roe	roe	PROPN
easat-8251	279	14	f	f	PROPN
easat-8251	279	15	test	test	NOUN
easat-8251	279	16	for	for	ADP
easat-8251	279	17	fem	fem	X
easat-8251	279	18	f	f	PROPN
easat-8251	279	19	(	(	PUNCT
easat-8251	279	20	32,452	32,452	NUM
easat-8251	279	21	)	)	PUNCT
easat-8251	279	22	=	=	SYM
easat-8251	279	23	7	7	NUM
easat-8251	279	24	p	p	NOUN
easat-8251	279	25	-	-	PUNCT
easat-8251	279	26	value	value	NOUN
easat-8251	279	27	<	<	NOUN
easat-8251	279	28	1	1	NUM
easat-8251	279	29	%	%	NOUN
easat-8251	279	30	f	f	NOUN
easat-8251	279	31	(	(	PUNCT
easat-8251	279	32	32	32	NUM
easat-8251	279	33	,	,	PUNCT
easat-8251	279	34	452	452	NUM
easat-8251	279	35	)	)	PUNCT
easat-8251	279	36	=	=	SYM
easat-8251	279	37	3.97	3.97	NUM
easat-8251	279	38	p	p	NOUN
easat-8251	279	39	-	-	PUNCT
easat-8251	279	40	value	value	NOUN
easat-8251	279	41	<	<	NOUN
easat-8251	279	42	1	1	NUM
easat-8251	279	43	%	%	NOUN
easat-8251	279	44	f	f	NOUN
easat-8251	279	45	(	(	PUNCT
easat-8251	279	46	32	32	NUM
easat-8251	279	47	,	,	PUNCT
easat-8251	279	48	452	452	NUM
easat-8251	279	49	)	)	PUNCT
easat-8251	279	50	=	=	SYM
easat-8251	279	51	1.00	1.00	NUM
easat-8251	279	52	p	p	NOUN
easat-8251	279	53	-	-	PUNCT
easat-8251	279	54	value	value	NOUN
easat-8251	279	55	>	>	NOUN
easat-8251	279	56	5	5	NUM
easat-8251	279	57	%	%	NOUN
easat-8251	279	58	f	f	NOUN
easat-8251	279	59	(	(	PUNCT
easat-8251	279	60	32	32	NUM
easat-8251	279	61	,	,	PUNCT
easat-8251	279	62	452	452	NUM
easat-8251	279	63	)	)	PUNCT
easat-8251	279	64	=	=	SYM
easat-8251	279	65	2.71	2.71	NUM
easat-8251	279	66	p	p	NOUN
easat-8251	279	67	-	-	PUNCT
easat-8251	279	68	value	value	NOUN
easat-8251	279	69	<	<	NOUN
easat-8251	279	70	5	5	NUM
easat-8251	279	71	%	%	NOUN
easat-8251	279	72	hausman	hausman	ADJ
easat-8251	279	73	test	test	NOUN
easat-8251	279	74	(	(	PUNCT
easat-8251	279	75	fem	fem	X
easat-8251	279	76	vs.	vs.	X
easat-8251	279	77	rem	rem	PROPN
easat-8251	279	78	)	)	PUNCT
easat-8251	279	79	chi2(9	chi2(9	PROPN
easat-8251	279	80	)	)	PUNCT
easat-8251	279	81	=	=	PUNCT
easat-8251	280	1	26.73	26.73	NUM
easat-8251	280	2	p	p	X
easat-8251	280	3	-	-	PUNCT
easat-8251	280	4	value	value	NOUN
easat-8251	280	5	<	<	NOUN
easat-8251	280	6	5	5	NUM
easat-8251	280	7	%	%	NOUN
easat-8251	280	8	chi2(9	chi2(9	PROPN
easat-8251	280	9	)	)	PUNCT
easat-8251	281	1	=	=	PUNCT
easat-8251	282	1	30.53	30.53	NUM
easat-8251	282	2	p	p	NOUN
easat-8251	282	3	-	-	PUNCT
easat-8251	282	4	value	value	NOUN
easat-8251	282	5	<	<	NOUN
easat-8251	282	6	5	5	NUM
easat-8251	282	7	%	%	NOUN
easat-8251	282	8	chi2(8	chi2(8	NOUN
easat-8251	282	9	)	)	PUNCT
easat-8251	282	10	=	=	NOUN
easat-8251	283	1	14.3	14.3	NUM
easat-8251	283	2	p	p	NOUN
easat-8251	283	3	-	-	PUNCT
easat-8251	283	4	value	value	NOUN
easat-8251	283	5	>	>	NOUN
easat-8251	283	6	5	5	NUM
easat-8251	283	7	%	%	NOUN
easat-8251	283	8	chi2(9	chi2(9	PROPN
easat-8251	283	9	)	)	PUNCT
easat-8251	283	10	=	=	PUNCT
easat-8251	284	1	15.76	15.76	NUM
easat-8251	284	2	p	p	NOUN
easat-8251	284	3	-	-	PUNCT
easat-8251	284	4	value	value	NOUN
easat-8251	284	5	>	>	X
easat-8251	284	6	5	5	NUM
easat-8251	284	7	%	%	NOUN
easat-8251	284	8	breusch	breusch	NOUN
easat-8251	284	9	and	and	CCONJ
easat-8251	284	10	pagan	pagan	VERB
easat-8251	284	11	lagrangian	lagrangian	ADJ
easat-8251	284	12	multiplier	multipli	ADJ
easat-8251	284	13	test	test	NOUN
easat-8251	284	14	for	for	ADP
easat-8251	284	15	random	random	ADJ
easat-8251	284	16	effects	effect	NOUN
easat-8251	284	17	p	p	NOUN
easat-8251	284	18	-	-	PUNCT
easat-8251	284	19	value	value	NOUN
easat-8251	284	20	<	<	NOUN
easat-8251	284	21	5	5	NUM
easat-8251	284	22	%	%	NOUN
easat-8251	284	23	breusch	breusch	NOUN
easat-8251	284	24	–	–	PUNCT
easat-8251	284	25	pagan	pagan	ADJ
easat-8251	284	26	/	/	SYM
easat-8251	284	27	cook	cook	PROPN
easat-8251	284	28	–	–	PUNCT
easat-8251	284	29	weisberg	weisberg	PROPN
easat-8251	284	30	test	test	NOUN
easat-8251	284	31	for	for	ADP
easat-8251	284	32	heteroskedasticity	heteroskedasticity	NOUN
easat-8251	284	33	p	p	NOUN
easat-8251	284	34	-	-	PUNCT
easat-8251	284	35	value	value	NOUN
easat-8251	284	36	<	<	NOUN
easat-8251	284	37	5	5	NUM
easat-8251	284	38	%	%	NOUN
easat-8251	284	39	p	p	NOUN
easat-8251	284	40	-	-	PUNCT
easat-8251	284	41	value	value	NOUN
easat-8251	284	42	<	<	NOUN
easat-8251	284	43	5	5	NUM
easat-8251	284	44	%	%	NOUN
easat-8251	284	45	modified	modify	VERB
easat-8251	284	46	wald	wald	NOUN
easat-8251	284	47	test	test	NOUN
easat-8251	284	48	for	for	ADP
easat-8251	284	49	groupwise	groupwise	NOUN
easat-8251	284	50	heteroskedasticity	heteroskedasticity	NOUN
easat-8251	284	51	chi2	chi2	NOUN
easat-8251	284	52	(	(	PUNCT
easat-8251	284	53	33	33	NUM
easat-8251	284	54	)	)	PUNCT
easat-8251	284	55	=	=	SYM
easat-8251	285	1	8416.18	8416.18	NUM
easat-8251	285	2	p	p	X
easat-8251	285	3	-	-	PUNCT
easat-8251	285	4	value<1	value<1	NOUN
easat-8251	285	5	%	%	NOUN
easat-8251	285	6	chi2(33	chi2(33	PROPN
easat-8251	285	7	)	)	PUNCT
easat-8251	285	8	=	=	PUNCT
easat-8251	286	1	881.03	881.03	NUM
easat-8251	286	2	p	p	NOUN
easat-8251	286	3	-	-	PUNCT
easat-8251	286	4	value	value	NOUN
easat-8251	286	5	<	<	NOUN
easat-8251	286	6	1	1	NUM
easat-8251	286	7	%	%	NOUN
easat-8251	286	8	chi2(1	chi2(1	NOUN
easat-8251	286	9	)	)	PUNCT
easat-8251	286	10	=	=	PUNCT
easat-8251	287	1	63.27	63.27	NUM
easat-8251	287	2	p	p	X
easat-8251	287	3	-	-	PUNCT
easat-8251	287	4	value	value	NOUN
easat-8251	287	5	<	<	NOUN
easat-8251	287	6	1	1	NUM
easat-8251	287	7	%	%	NOUN
easat-8251	287	8	wooldridge	wooldridge	PROPN
easat-8251	287	9	test	test	NOUN
easat-8251	287	10	for	for	ADP
easat-8251	287	11	autocorrelation	autocorrelation	NOUN
easat-8251	287	12	in	in	ADP
easat-8251	287	13	panel	panel	NOUN
easat-8251	287	14	data	datum	NOUN
easat-8251	287	15	f	f	PROPN
easat-8251	287	16	(	(	PUNCT
easat-8251	287	17	1	1	NUM
easat-8251	287	18	,	,	PUNCT
easat-8251	287	19	32	32	NUM
easat-8251	287	20	)	)	PUNCT
easat-8251	287	21	=	=	PUNCT
easat-8251	287	22	4.241	4.241	NUM
easat-8251	287	23	p	p	NOUN
easat-8251	287	24	-	-	PUNCT
easat-8251	287	25	value	value	NOUN
easat-8251	287	26	<	<	NOUN
easat-8251	287	27	5	5	NUM
easat-8251	287	28	%	%	NOUN
easat-8251	287	29	f	f	NOUN
easat-8251	287	30	(	(	PUNCT
easat-8251	287	31	1	1	NUM
easat-8251	287	32	,	,	PUNCT
easat-8251	287	33	32	32	NUM
easat-8251	287	34	)	)	PUNCT
easat-8251	287	35	=	=	PUNCT
easat-8251	287	36	0.174	0.174	NUM
easat-8251	287	37	p	p	ADJ
easat-8251	287	38	-	-	PUNCT
easat-8251	287	39	value	value	NOUN
easat-8251	287	40	>	>	X
easat-8251	287	41	5	5	NUM
easat-8251	287	42	%	%	NOUN
easat-8251	287	43	f	f	NOUN
easat-8251	287	44	(	(	PUNCT
easat-8251	287	45	1	1	NUM
easat-8251	287	46	,	,	PUNCT
easat-8251	287	47	32	32	NUM
easat-8251	287	48	)	)	PUNCT
easat-8251	287	49	=	=	NOUN
easat-8251	287	50	1.686	1.686	NUM
easat-8251	287	51	p	p	NOUN
easat-8251	287	52	-	-	PUNCT
easat-8251	287	53	value	value	NOUN
easat-8251	287	54	>	>	X
easat-8251	287	55	5	5	NUM
easat-8251	287	56	%	%	NOUN
easat-8251	287	57	f	f	NOUN
easat-8251	287	58	(	(	PUNCT
easat-8251	287	59	1,32	1,32	NUM
easat-8251	287	60	)	)	PUNCT
easat-8251	287	61	=	=	SYM
easat-8251	287	62	8.987	8.987	NUM
easat-8251	287	63	p	p	NOUN
easat-8251	287	64	-	-	PUNCT
easat-8251	287	65	value	value	NOUN
easat-8251	287	66	<	<	X
easat-8251	287	67	5	5	NUM
easat-8251	287	68	%	%	NOUN
easat-8251	287	69	best	good	ADJ
easat-8251	287	70	fit	fit	ADJ
easat-8251	287	71	model	model	NOUN
easat-8251	287	72	gls	gl	VERB
easat-8251	287	73	gls	gls	NOUN
easat-8251	287	74	pols	pol	NOUN
easat-8251	287	75	robust	robust	ADJ
easat-8251	287	76	gls	gls	NOUN
easat-8251	287	77	4.3	4.3	NUM
easat-8251	287	78	.	.	PUNCT
easat-8251	288	1	empirical	empirical	ADJ
easat-8251	288	2	results	result	NOUN
easat-8251	288	3	table	table	NOUN
easat-8251	288	4	5	5	NUM
easat-8251	288	5	shows	show	VERB
easat-8251	288	6	the	the	DET
easat-8251	288	7	model	model	NOUN
easat-8251	288	8	selection	selection	NOUN
easat-8251	288	9	procedure	procedure	NOUN
easat-8251	288	10	.	.	PUNCT
easat-8251	289	1	we	we	PRON
easat-8251	289	2	conduct	conduct	VERB
easat-8251	289	3	the	the	DET
easat-8251	289	4	empirical	empirical	ADJ
easat-8251	289	5	tests	test	NOUN
easat-8251	289	6	for	for	ADP
easat-8251	289	7	panel	panel	NOUN
easat-8251	289	8	data	datum	NOUN
easat-8251	289	9	to	to	PART
easat-8251	289	10	select	select	VERB
easat-8251	289	11	the	the	DET
easat-8251	289	12	best	well	ADV
easat-8251	289	13	-	-	PUNCT
easat-8251	289	14	fit	fit	ADJ
easat-8251	289	15	model	model	NOUN
easat-8251	289	16	.	.	PUNCT
easat-8251	290	1	for	for	ADP
easat-8251	290	2	model	model	NOUN
easat-8251	290	3	1	1	NUM
easat-8251	290	4	,	,	PUNCT
easat-8251	290	5	with	with	ADP
easat-8251	290	6	“	"	PUNCT
easat-8251	290	7	grossprofit	grossprofit	VERB
easat-8251	290	8	”	"	PUNCT
easat-8251	290	9	as	as	ADP
easat-8251	290	10	the	the	DET
easat-8251	290	11	dependent	dependent	ADJ
easat-8251	290	12	variable	variable	NOUN
easat-8251	290	13	,	,	PUNCT
easat-8251	290	14	and	and	CCONJ
easat-8251	290	15	model	model	NOUN
easat-8251	290	16	2	2	NUM
easat-8251	290	17	,	,	PUNCT
easat-8251	290	18	with	with	ADP
easat-8251	290	19	“	"	PUNCT
easat-8251	290	20	grossmargin	grossmargin	NOUN
easat-8251	290	21	”	"	PUNCT
easat-8251	290	22	as	as	ADP
easat-8251	290	23	the	the	DET
easat-8251	290	24	dependent	dependent	ADJ
easat-8251	290	25	variable	variable	NOUN
easat-8251	290	26	,	,	PUNCT
easat-8251	290	27	fem	fem	NOUN
easat-8251	290	28	is	be	AUX
easat-8251	290	29	more	more	ADV
easat-8251	290	30	favorable	favorable	ADJ
easat-8251	290	31	than	than	ADP
easat-8251	290	32	rem	rem	NOUN
easat-8251	290	33	and	and	CCONJ
easat-8251	290	34	pols	pol	NOUN
easat-8251	290	35	.	.	PUNCT
easat-8251	291	1	however	however	ADV
easat-8251	291	2	,	,	PUNCT
easat-8251	291	3	these	these	DET
easat-8251	291	4	models	model	NOUN
easat-8251	291	5	face	face	VERB
easat-8251	291	6	the	the	DET
easat-8251	291	7	problem	problem	NOUN
easat-8251	291	8	of	of	ADP
easat-8251	291	9	heteroskedasticity	heteroskedasticity	NOUN
easat-8251	291	10	;	;	PUNCT
easat-8251	291	11	the	the	DET
easat-8251	291	12	gls	gls	ADJ
easat-8251	291	13	regression	regression	NOUN
easat-8251	291	14	is	be	AUX
easat-8251	291	15	the	the	DET
easat-8251	291	16	best	well	ADV
easat-8251	291	17	relevant	relevant	ADJ
easat-8251	291	18	selection	selection	NOUN
easat-8251	291	19	.	.	PUNCT
easat-8251	292	1	for	for	ADP
easat-8251	292	2	the	the	DET
easat-8251	292	3	model	model	NOUN
easat-8251	292	4	3	3	NUM
easat-8251	292	5	with	with	ADP
easat-8251	292	6	“	"	PUNCT
easat-8251	292	7	roa	roa	NOUN
easat-8251	292	8	”	"	PUNCT
easat-8251	292	9	as	as	ADP
easat-8251	292	10	the	the	DET
easat-8251	292	11	dependent	dependent	ADJ
easat-8251	292	12	variable	variable	NOUN
easat-8251	292	13	,	,	PUNCT
easat-8251	292	14	pool	pool	NOUN
easat-8251	292	15	ols	ol	NOUN
easat-8251	292	16	is	be	AUX
easat-8251	292	17	the	the	DET
easat-8251	292	18	best	well	ADV
easat-8251	292	19	-	-	PUNCT
easat-8251	292	20	fit	fit	ADJ
easat-8251	292	21	model	model	NOUN
easat-8251	292	22	.	.	PUNCT
easat-8251	293	1	we	we	PRON
easat-8251	293	2	run	run	VERB
easat-8251	293	3	the	the	DET
easat-8251	293	4	regression	regression	NOUN
easat-8251	293	5	with	with	ADP
easat-8251	293	6	vce	vce	PROPN
easat-8251	293	7	(	(	PUNCT
easat-8251	293	8	robust	robust	ADJ
easat-8251	293	9	)	)	PUNCT
easat-8251	293	10	to	to	PART
easat-8251	293	11	address	address	VERB
easat-8251	293	12	the	the	DET
easat-8251	293	13	problem	problem	NOUN
easat-8251	293	14	of	of	ADP
easat-8251	293	15	heteroskedasticity	heteroskedasticity	NOUN
easat-8251	293	16	.	.	PUNCT
easat-8251	294	1	the	the	DET
easat-8251	294	2	last	last	ADJ
easat-8251	294	3	model	model	NOUN
easat-8251	294	4	,	,	PUNCT
easat-8251	294	5	with	with	ADP
easat-8251	294	6	“	"	PUNCT
easat-8251	294	7	roe	roe	NOUN
easat-8251	294	8	”	"	PUNCT
easat-8251	294	9	as	as	ADP
easat-8251	294	10	the	the	DET
easat-8251	294	11	dependent	dependent	ADJ
easat-8251	294	12	variable	variable	NOUN
easat-8251	294	13	,	,	PUNCT
easat-8251	294	14	uses	use	VERB
easat-8251	294	15	the	the	DET
easat-8251	294	16	gls	gls	PROPN
easat-8251	294	17	model	model	NOUN
easat-8251	294	18	.	.	PUNCT
easat-8251	295	1	the	the	DET
easat-8251	295	2	following	follow	VERB
easat-8251	295	3	table	table	NOUN
easat-8251	295	4	reports	report	VERB
easat-8251	295	5	the	the	DET
easat-8251	295	6	results	result	NOUN
easat-8251	295	7	of	of	ADP
easat-8251	295	8	the	the	DET
easat-8251	295	9	empirical	empirical	ADJ
easat-8251	295	10	models	model	NOUN
easat-8251	295	11	in	in	ADP
easat-8251	295	12	the	the	DET
easat-8251	295	13	study	study	NOUN
easat-8251	295	14	.	.	PUNCT
easat-8251	296	1	we	we	PRON
easat-8251	296	2	can	can	AUX
easat-8251	296	3	see	see	VERB
easat-8251	296	4	the	the	DET
easat-8251	296	5	significant	significant	ADJ
easat-8251	296	6	impact	impact	NOUN
easat-8251	296	7	of	of	ADP
easat-8251	296	8	size	size	NOUN
easat-8251	296	9	on	on	ADP
easat-8251	296	10	the	the	DET
easat-8251	296	11	financial	financial	ADJ
easat-8251	296	12	performance	performance	NOUN
easat-8251	296	13	of	of	ADP
easat-8251	296	14	vietnamese	vietnamese	ADJ
easat-8251	296	15	securities	security	NOUN
easat-8251	296	16	firms	firm	NOUN
easat-8251	296	17	.	.	PUNCT
easat-8251	297	1	the	the	DET
easat-8251	297	2	most	most	ADV
easat-8251	297	3	substantial	substantial	ADJ
easat-8251	297	4	effect	effect	NOUN
easat-8251	297	5	was	be	AUX
easat-8251	297	6	observed	observe	VERB
easat-8251	297	7	for	for	ADP
easat-8251	297	8	gross	gross	ADJ
easat-8251	297	9	profit	profit	NOUN
easat-8251	297	10	.	.	PUNCT
easat-8251	298	1	each	each	DET
easat-8251	298	2	standardized	standardized	ADJ
easat-8251	298	3	point	point	NOUN
easat-8251	298	4	increase	increase	NOUN
easat-8251	298	5	in	in	ADP
easat-8251	298	6	size	size	NOUN
easat-8251	298	7	will	will	AUX
easat-8251	298	8	contribute	contribute	VERB
easat-8251	298	9	to	to	ADP
easat-8251	298	10	a	a	DET
easat-8251	298	11	0.703	0.703	NUM
easat-8251	298	12	standardized	standardized	ADJ
easat-8251	298	13	point	point	NOUN
easat-8251	298	14	increase	increase	NOUN
easat-8251	298	15	in	in	ADP
easat-8251	298	16	gross	gross	ADJ
easat-8251	298	17	profit	profit	NOUN
easat-8251	298	18	.	.	PUNCT
easat-8251	299	1	in	in	ADP
easat-8251	299	2	terms	term	NOUN
easat-8251	299	3	of	of	ADP
easat-8251	299	4	profitability	profitability	NOUN
easat-8251	299	5	ratios	ratio	NOUN
easat-8251	299	6	,	,	PUNCT
easat-8251	299	7	size	size	NOUN
easat-8251	299	8	shows	show	VERB
easat-8251	299	9	a	a	DET
easat-8251	299	10	more	more	ADV
easat-8251	299	11	substantial	substantial	ADJ
easat-8251	299	12	impact	impact	NOUN
easat-8251	299	13	on	on	ADP
easat-8251	299	14	roe	roe	NOUN
easat-8251	299	15	than	than	ADP
easat-8251	299	16	roa	roa	PROPN
easat-8251	299	17	at	at	ADP
easat-8251	299	18	p	p	NOUN
easat-8251	299	19	-	-	PUNCT
easat-8251	299	20	value	value	NOUN
easat-8251	299	21	<	<	NOUN
easat-8251	299	22	1	1	NUM
easat-8251	299	23	%	%	NOUN
easat-8251	299	24	.	.	PUNCT
easat-8251	300	1	the	the	DET
easat-8251	300	2	result	result	NOUN
easat-8251	300	3	of	of	ADP
easat-8251	300	4	the	the	DET
easat-8251	300	5	size	size	NOUN
easat-8251	300	6	affirms	affirm	VERB
easat-8251	300	7	h2	h2	PROPN
easat-8251	300	8	.	.	PUNCT
easat-8251	301	1	alternatively	alternatively	ADV
easat-8251	301	2	,	,	PUNCT
easat-8251	301	3	larger	large	ADJ
easat-8251	301	4	firms	firm	NOUN
easat-8251	301	5	tend	tend	VERB
easat-8251	301	6	to	to	PART
easat-8251	301	7	exhibit	exhibit	VERB
easat-8251	301	8	better	well	ADJ
easat-8251	301	9	financial	financial	ADJ
easat-8251	301	10	performance	performance	NOUN
easat-8251	301	11	.	.	PUNCT
easat-8251	302	1	1870	1870	NUM
easat-8251	302	2	edelweiss	edelweiss	PROPN
easat-8251	302	3	applied	apply	VERB
easat-8251	302	4	science	science	NOUN
easat-8251	302	5	and	and	CCONJ
easat-8251	302	6	technology	technology	NOUN
easat-8251	302	7	issn	issn	PROPN
easat-8251	302	8	:	:	PUNCT
easat-8251	302	9	2576	2576	NUM
easat-8251	302	10	-	-	SYM
easat-8251	302	11	8484	8484	NUM
easat-8251	302	12	vol	vol	NOUN
easat-8251	302	13	.	.	PROPN
easat-8251	303	1	9	9	NUM
easat-8251	303	2	,	,	PUNCT
easat-8251	303	3	no	no	INTJ
easat-8251	303	4	.	.	NOUN
easat-8251	303	5	6	6	NUM
easat-8251	303	6	:	:	SYM
easat-8251	303	7	1862	1862	NUM
easat-8251	303	8	-	-	SYM
easat-8251	303	9	1874	1874	NUM
easat-8251	303	10	,	,	PUNCT
easat-8251	303	11	2025	2025	NUM
easat-8251	303	12	doi	doi	NOUN
easat-8251	303	13	:	:	PUNCT
easat-8251	303	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	303	15	©	©	PROPN
easat-8251	303	16	2025	2025	NUM
easat-8251	303	17	by	by	ADP
easat-8251	303	18	the	the	DET
easat-8251	303	19	authors	author	NOUN
easat-8251	303	20	;	;	PUNCT
easat-8251	303	21	licensee	licensee	PROPN
easat-8251	303	22	learning	learn	VERB
easat-8251	303	23	gate	gate	NOUN
easat-8251	303	24	table	table	NOUN
easat-8251	303	25	6	6	NUM
easat-8251	303	26	.	.	PUNCT
easat-8251	304	1	results	result	NOUN
easat-8251	304	2	of	of	ADP
easat-8251	304	3	the	the	DET
easat-8251	304	4	empirical	empirical	ADJ
easat-8251	304	5	models	model	NOUN
easat-8251	304	6	in	in	ADP
easat-8251	304	7	the	the	DET
easat-8251	304	8	study	study	NOUN
easat-8251	304	9	.	.	PUNCT
easat-8251	305	1	(	(	PUNCT
easat-8251	305	2	1	1	X
easat-8251	305	3	)	)	PUNCT
easat-8251	305	4	(	(	PUNCT
easat-8251	305	5	2	2	NUM
easat-8251	305	6	)	)	PUNCT
easat-8251	305	7	(	(	PUNCT
easat-8251	305	8	3	3	X
easat-8251	305	9	)	)	PUNCT
easat-8251	305	10	(	(	PUNCT
easat-8251	305	11	4	4	X
easat-8251	305	12	)	)	PUNCT
easat-8251	305	13	grossprofit	grossprofit	VERB
easat-8251	305	14	gls	gls	NOUN
easat-8251	305	15	grossmargin	grossmargin	NOUN
easat-8251	305	16	gls	gl	VERB
easat-8251	305	17	roa	roa	NOUN
easat-8251	305	18	pols	pol	NOUN
easat-8251	305	19	(	(	PUNCT
easat-8251	305	20	robust	robust	ADJ
easat-8251	305	21	)	)	PUNCT
easat-8251	305	22	roe	roe	NOUN
easat-8251	305	23	(	(	PUNCT
easat-8251	305	24	gls	gls	PROPN
easat-8251	305	25	)	)	PUNCT
easat-8251	305	26	size	size	NOUN
easat-8251	305	27	0.703	0.703	NOUN
easat-8251	305	28	*	*	PUNCT
easat-8251	305	29	*	*	PUNCT
easat-8251	305	30	*	*	PUNCT
easat-8251	305	31	0.416	0.416	NUM
easat-8251	305	32	*	*	PUNCT
easat-8251	305	33	*	*	PUNCT
easat-8251	305	34	*	*	PUNCT
easat-8251	305	35	0.177	0.177	NUM
easat-8251	305	36	*	*	PUNCT
easat-8251	306	1	*	*	PUNCT
easat-8251	306	2	*	*	PUNCT
easat-8251	306	3	0.309	0.309	NUM
easat-8251	306	4	*	*	PUNCT
easat-8251	306	5	*	*	PUNCT
easat-8251	306	6	*	*	PUNCT
easat-8251	306	7	(	(	PUNCT
easat-8251	306	8	0.000	0.000	NUM
easat-8251	306	9	)	)	PUNCT
easat-8251	306	10	(	(	PUNCT
easat-8251	306	11	0.000	0.000	NUM
easat-8251	306	12	)	)	PUNCT
easat-8251	306	13	(	(	PUNCT
easat-8251	306	14	0.002	0.002	NUM
easat-8251	306	15	)	)	PUNCT
easat-8251	306	16	(	(	PUNCT
easat-8251	306	17	0.000	0.000	NUM
easat-8251	306	18	)	)	PUNCT
easat-8251	306	19	business_p	business_p	NOUN
easat-8251	307	1	0.067	0.067	NUM
easat-8251	307	2	-0.037	-0.037	NUM
easat-8251	307	3	-0.086	-0.086	NUM
easat-8251	307	4	-0.072	-0.072	NOUN
easat-8251	307	5	(	(	PUNCT
easat-8251	307	6	0.174	0.174	NUM
easat-8251	307	7	)	)	PUNCT
easat-8251	307	8	(	(	PUNCT
easat-8251	307	9	0.498	0.498	NUM
easat-8251	307	10	)	)	PUNCT
easat-8251	307	11	(	(	PUNCT
easat-8251	307	12	0.124	0.124	NUM
easat-8251	307	13	)	)	PUNCT
easat-8251	307	14	(	(	PUNCT
easat-8251	307	15	0.206	0.206	NUM
easat-8251	307	16	)	)	PUNCT
easat-8251	307	17	brokage_p	brokage_p	NOUN
easat-8251	307	18	0.158	0.158	NUM
easat-8251	307	19	*	*	PUNCT
easat-8251	307	20	*	*	PUNCT
easat-8251	307	21	*	*	PUNCT
easat-8251	307	22	0.046	0.046	NUM
easat-8251	307	23	-0.031	-0.031	NOUN
easat-8251	307	24	0.053	0.053	NUM
easat-8251	307	25	(	(	PUNCT
easat-8251	307	26	0.000	0.000	NUM
easat-8251	307	27	)	)	PUNCT
easat-8251	307	28	(	(	PUNCT
easat-8251	307	29	0.298	0.298	NUM
easat-8251	307	30	)	)	PUNCT
easat-8251	307	31	(	(	PUNCT
easat-8251	307	32	0.612	0.612	NUM
easat-8251	307	33	)	)	PUNCT
easat-8251	307	34	(	(	PUNCT
easat-8251	307	35	0.255	0.255	NUM
easat-8251	307	36	)	)	PUNCT
easat-8251	307	37	consult_p	consult_p	NOUN
easat-8251	307	38	0.046	0.046	NUM
easat-8251	307	39	0.082	0.082	NUM
easat-8251	307	40	*	*	PUNCT
easat-8251	307	41	*	*	NOUN
easat-8251	307	42	0.054	0.054	NUM
easat-8251	307	43	0.061	0.061	NUM
easat-8251	307	44	(	(	PUNCT
easat-8251	307	45	0.176	0.176	NUM
easat-8251	307	46	)	)	PUNCT
easat-8251	307	47	(	(	PUNCT
easat-8251	307	48	0.033	0.033	NUM
easat-8251	307	49	)	)	PUNCT
easat-8251	307	50	(	(	PUNCT
easat-8251	307	51	0.180	0.180	NUM
easat-8251	307	52	)	)	PUNCT
easat-8251	307	53	(	(	PUNCT
easat-8251	307	54	0.127	0.127	NUM
easat-8251	307	55	)	)	PUNCT
easat-8251	307	56	lend_p	lend_p	NOUN
easat-8251	307	57	-0.133	-0.133	NOUN
easat-8251	307	58	*	*	PUNCT
easat-8251	307	59	*	*	PUNCT
easat-8251	307	60	*	*	PUNCT
easat-8251	307	61	-0.138	-0.138	PUNCT
easat-8251	307	62	*	*	PUNCT
easat-8251	307	63	*	*	PUNCT
easat-8251	307	64	*	*	PUNCT
easat-8251	307	65	-0.203	-0.203	PUNCT
easat-8251	307	66	*	*	PUNCT
easat-8251	307	67	*	*	PUNCT
easat-8251	307	68	*	*	PUNCT
easat-8251	307	69	-0.207	-0.207	NOUN
easat-8251	307	70	*	*	PUNCT
easat-8251	307	71	*	*	PUNCT
easat-8251	307	72	*	*	PUNCT
easat-8251	307	73	(	(	PUNCT
easat-8251	307	74	0.001	0.001	NUM
easat-8251	307	75	)	)	PUNCT
easat-8251	307	76	(	(	PUNCT
easat-8251	307	77	0.003	0.003	NUM
easat-8251	307	78	)	)	PUNCT
easat-8251	307	79	(	(	PUNCT
easat-8251	307	80	0.001	0.001	NUM
easat-8251	307	81	)	)	PUNCT
easat-8251	307	82	(	(	PUNCT
easat-8251	307	83	0.000	0.000	X
easat-8251	307	84	)	)	PUNCT
easat-8251	307	85	cashratio	cashratio	NOUN
easat-8251	307	86	-0.002	-0.002	PUNCT
easat-8251	307	87	0.062	0.062	NUM
easat-8251	307	88	*	*	NOUN
easat-8251	307	89	-0.033	-0.033	NUM
easat-8251	307	90	-0.014	-0.014	X
easat-8251	307	91	(	(	PUNCT
easat-8251	307	92	0.958	0.958	NUM
easat-8251	307	93	)	)	PUNCT
easat-8251	307	94	(	(	PUNCT
easat-8251	307	95	0.089	0.089	NUM
easat-8251	307	96	)	)	PUNCT
easat-8251	307	97	(	(	PUNCT
easat-8251	307	98	0.452	0.452	NUM
easat-8251	307	99	)	)	PUNCT
easat-8251	307	100	(	(	PUNCT
easat-8251	307	101	0.712	0.712	NUM
easat-8251	307	102	)	)	PUNCT
easat-8251	307	103	incap	incap	NOUN
easat-8251	307	104	-0.020	-0.020	PUNCT
easat-8251	307	105	0.244	0.244	NUM
easat-8251	307	106	*	*	PUNCT
easat-8251	307	107	*	*	PUNCT
easat-8251	307	108	*	*	PUNCT
easat-8251	307	109	0.070	0.070	NUM
easat-8251	307	110	*	*	PUNCT
easat-8251	307	111	*	*	PUNCT
easat-8251	307	112	0.266	0.266	NUM
easat-8251	307	113	*	*	PUNCT
easat-8251	307	114	*	*	PUNCT
easat-8251	307	115	*	*	PUNCT
easat-8251	307	116	(	(	PUNCT
easat-8251	307	117	0.589	0.589	NUM
easat-8251	307	118	)	)	PUNCT
easat-8251	307	119	(	(	PUNCT
easat-8251	307	120	0.000	0.000	NUM
easat-8251	307	121	)	)	PUNCT
easat-8251	307	122	(	(	PUNCT
easat-8251	307	123	0.020	0.020	NUM
easat-8251	307	124	)	)	PUNCT
easat-8251	307	125	(	(	PUNCT
easat-8251	307	126	0.000	0.000	X
easat-8251	307	127	)	)	PUNCT
easat-8251	307	128	stockgdp	stockgdp	NOUN
easat-8251	307	129	0.137	0.137	PRON
easat-8251	307	130	*	*	PUNCT
easat-8251	307	131	*	*	PUNCT
easat-8251	307	132	*	*	PUNCT
easat-8251	307	133	0.177	0.177	NUM
easat-8251	307	134	*	*	PUNCT
easat-8251	307	135	*	*	PUNCT
easat-8251	307	136	*	*	PUNCT
easat-8251	307	137	0.176	0.176	NUM
easat-8251	307	138	*	*	PUNCT
easat-8251	307	139	*	*	PUNCT
easat-8251	307	140	*	*	PUNCT
easat-8251	307	141	0.193	0.193	NUM
easat-8251	307	142	*	*	PUNCT
easat-8251	307	143	*	*	PUNCT
easat-8251	307	144	*	*	PUNCT
easat-8251	307	145	(	(	PUNCT
easat-8251	307	146	0.009	0.009	NUM
easat-8251	307	147	)	)	PUNCT
easat-8251	307	148	(	(	PUNCT
easat-8251	307	149	0.003	0.003	NUM
easat-8251	307	150	)	)	PUNCT
easat-8251	307	151	(	(	PUNCT
easat-8251	307	152	0.008	0.008	NUM
easat-8251	307	153	)	)	PUNCT
easat-8251	307	154	(	(	PUNCT
easat-8251	307	155	0.002	0.002	NUM
easat-8251	307	156	)	)	PUNCT
easat-8251	307	157	interest	interest	NOUN
easat-8251	307	158	0.011	0.011	NUM
easat-8251	307	159	-0.083	-0.083	NOUN
easat-8251	307	160	*	*	PUNCT
easat-8251	307	161	-0.169	-0.169	PROPN
easat-8251	307	162	*	*	PUNCT
easat-8251	307	163	*	*	PUNCT
easat-8251	307	164	*	*	PUNCT
easat-8251	307	165	-0.195	-0.195	PROPN
easat-8251	307	166	*	*	PUNCT
easat-8251	307	167	*	*	PUNCT
easat-8251	307	168	*	*	PUNCT
easat-8251	307	169	(	(	PUNCT
easat-8251	307	170	0.804	0.804	NUM
easat-8251	307	171	)	)	PUNCT
easat-8251	307	172	(	(	PUNCT
easat-8251	307	173	0.087	0.087	NUM
easat-8251	307	174	)	)	PUNCT
easat-8251	307	175	(	(	PUNCT
easat-8251	307	176	0.001	0.001	NUM
easat-8251	307	177	)	)	PUNCT
easat-8251	307	178	(	(	PUNCT
easat-8251	307	179	0.000	0.000	NUM
easat-8251	307	180	)	)	PUNCT
easat-8251	307	181	n	n	ADV
easat-8251	308	1	494	494	NUM
easat-8251	308	2	494	494	NUM
easat-8251	308	3	494	494	NUM
easat-8251	308	4	494	494	NUM
easat-8251	308	5	f	f	NOUN
easat-8251	308	6	9.758	9.758	NUM
easat-8251	308	7	df_m	df_m	NOUN
easat-8251	308	8	9	9	NUM
easat-8251	308	9	df_r	df_r	NUM
easat-8251	308	10	484	484	NUM
easat-8251	308	11	bic	bic	PROPN
easat-8251	308	12	21151.8	21151.8	NUM
easat-8251	308	13	-326.5	-326.5	PROPN
easat-8251	308	14	-730.0	-730.0	PROPN
easat-8251	308	15	-495.9	-495.9	PROPN
easat-8251	308	16	standardized	standardized	ADJ
easat-8251	308	17	beta	beta	ADJ
easat-8251	308	18	coefficients	coefficient	NOUN
easat-8251	308	19	;	;	PUNCT
easat-8251	308	20	p	p	X
easat-8251	308	21	-	-	PUNCT
easat-8251	308	22	values	value	NOUN
easat-8251	308	23	in	in	ADP
easat-8251	308	24	parentheses	parenthesis	NOUN
easat-8251	308	25	*	*	PUNCT
easat-8251	309	1	p	p	X
easat-8251	309	2	<	<	X
easat-8251	309	3	0.1	0.1	NUM
easat-8251	309	4	,	,	PUNCT
easat-8251	309	5	*	*	PUNCT
easat-8251	309	6	*	*	PUNCT
easat-8251	310	1	p	p	X
easat-8251	310	2	<	<	X
easat-8251	310	3	0.05	0.05	NUM
easat-8251	310	4	,	,	PUNCT
easat-8251	310	5	*	*	PUNCT
easat-8251	310	6	*	*	PUNCT
easat-8251	310	7	*	*	PUNCT
easat-8251	311	1	p	p	X
easat-8251	311	2	<	<	X
easat-8251	311	3	0.01	0.01	NUM
easat-8251	311	4	.	.	PUNCT
easat-8251	312	1	examining	examine	VERB
easat-8251	312	2	business	business	NOUN
easat-8251	312	3	diversification	diversification	NOUN
easat-8251	312	4	,	,	PUNCT
easat-8251	312	5	we	we	PRON
easat-8251	312	6	can	can	AUX
easat-8251	312	7	observe	observe	VERB
easat-8251	312	8	the	the	DET
easat-8251	312	9	significant	significant	ADJ
easat-8251	312	10	impact	impact	NOUN
easat-8251	312	11	of	of	ADP
easat-8251	312	12	brokage_p	brokage_p	NOUN
easat-8251	312	13	,	,	PUNCT
easat-8251	312	14	consult_p	consult_p	ADJ
easat-8251	312	15	,	,	PUNCT
easat-8251	312	16	and	and	CCONJ
easat-8251	312	17	lend_p	lend_p	NOUN
easat-8251	312	18	on	on	ADP
easat-8251	312	19	the	the	DET
easat-8251	312	20	financial	financial	ADJ
easat-8251	312	21	performance	performance	NOUN
easat-8251	312	22	of	of	ADP
easat-8251	312	23	vietnamese	vietnamese	ADJ
easat-8251	312	24	securities	security	NOUN
easat-8251	312	25	companies	company	NOUN
easat-8251	312	26	.	.	PUNCT
easat-8251	313	1	business	business	NOUN
easat-8251	313	2	activity	activity	NOUN
easat-8251	313	3	does	do	AUX
easat-8251	313	4	not	not	PART
easat-8251	313	5	make	make	VERB
easat-8251	313	6	a	a	DET
easat-8251	313	7	significant	significant	ADJ
easat-8251	313	8	impact	impact	NOUN
easat-8251	313	9	on	on	ADP
easat-8251	313	10	the	the	DET
easat-8251	313	11	financial	financial	ADJ
easat-8251	313	12	performance	performance	NOUN
easat-8251	313	13	of	of	ADP
easat-8251	313	14	these	these	DET
easat-8251	313	15	companies	company	NOUN
easat-8251	313	16	.	.	PUNCT
easat-8251	314	1	the	the	DET
easat-8251	314	2	percentage	percentage	NOUN
easat-8251	314	3	of	of	ADP
easat-8251	314	4	sales	sale	NOUN
easat-8251	314	5	from	from	ADP
easat-8251	314	6	brokerage	brokerage	NOUN
easat-8251	314	7	activity	activity	NOUN
easat-8251	314	8	contributes	contribute	VERB
easat-8251	314	9	significantly	significantly	ADV
easat-8251	314	10	to	to	ADP
easat-8251	314	11	the	the	DET
easat-8251	314	12	gross	gross	ADJ
easat-8251	314	13	profit	profit	NOUN
easat-8251	314	14	.	.	PUNCT
easat-8251	315	1	however	however	ADV
easat-8251	315	2	,	,	PUNCT
easat-8251	315	3	no	no	DET
easat-8251	315	4	effect	effect	NOUN
easat-8251	315	5	was	be	AUX
easat-8251	315	6	found	find	VERB
easat-8251	315	7	in	in	ADP
easat-8251	315	8	the	the	DET
easat-8251	315	9	case	case	NOUN
easat-8251	315	10	of	of	ADP
easat-8251	315	11	gross	gross	ADJ
easat-8251	315	12	margin	margin	NOUN
easat-8251	315	13	,	,	PUNCT
easat-8251	315	14	roa	roa	PROPN
easat-8251	315	15	,	,	PUNCT
easat-8251	315	16	and	and	CCONJ
easat-8251	315	17	roe	roe	NOUN
easat-8251	315	18	.	.	PUNCT
easat-8251	316	1	consulting	consult	VERB
easat-8251	316	2	activity	activity	NOUN
easat-8251	316	3	improves	improve	VERB
easat-8251	316	4	gross	gross	ADJ
easat-8251	316	5	profit	profit	NOUN
easat-8251	316	6	margin	margin	NOUN
easat-8251	316	7	at	at	ADP
easat-8251	316	8	p	p	NOUN
easat-8251	316	9	-	-	PUNCT
easat-8251	316	10	value	value	NOUN
easat-8251	316	11	<	<	NOUN
easat-8251	316	12	1	1	NUM
easat-8251	316	13	%	%	NOUN
easat-8251	316	14	.	.	PUNCT
easat-8251	317	1	the	the	DET
easat-8251	317	2	statistical	statistical	ADJ
easat-8251	317	3	significance	significance	NOUN
easat-8251	317	4	of	of	ADP
easat-8251	317	5	these	these	DET
easat-8251	317	6	relationships	relationship	NOUN
easat-8251	317	7	highlights	highlight	VERB
easat-8251	317	8	the	the	DET
easat-8251	317	9	importance	importance	NOUN
easat-8251	317	10	of	of	ADP
easat-8251	317	11	effective	effective	ADJ
easat-8251	317	12	brokerage	brokerage	NOUN
easat-8251	317	13	services	service	NOUN
easat-8251	317	14	,	,	PUNCT
easat-8251	317	15	including	include	VERB
easat-8251	317	16	trading	trading	NOUN
easat-8251	317	17	and	and	CCONJ
easat-8251	317	18	advisory	advisory	NOUN
easat-8251	317	19	,	,	PUNCT
easat-8251	317	20	in	in	ADP
easat-8251	317	21	generating	generate	VERB
easat-8251	317	22	revenue	revenue	NOUN
easat-8251	317	23	and	and	CCONJ
easat-8251	317	24	driving	drive	VERB
easat-8251	317	25	profitability	profitability	NOUN
easat-8251	317	26	.	.	PUNCT
easat-8251	318	1	firms	firm	NOUN
easat-8251	318	2	excelling	excel	VERB
easat-8251	318	3	in	in	ADP
easat-8251	318	4	these	these	DET
easat-8251	318	5	activities	activity	NOUN
easat-8251	318	6	benefit	benefit	VERB
easat-8251	318	7	from	from	ADP
easat-8251	318	8	additional	additional	ADJ
easat-8251	318	9	revenue	revenue	NOUN
easat-8251	318	10	streams	stream	NOUN
easat-8251	318	11	,	,	PUNCT
easat-8251	318	12	directly	directly	ADV
easat-8251	318	13	impacting	impact	VERB
easat-8251	318	14	their	their	PRON
easat-8251	318	15	gross	gross	ADJ
easat-8251	318	16	profit	profit	NOUN
easat-8251	318	17	levels	level	NOUN
easat-8251	318	18	.	.	PUNCT
easat-8251	319	1	companies	company	NOUN
easat-8251	319	2	with	with	ADP
easat-8251	319	3	a	a	DET
easat-8251	319	4	larger	large	ADJ
easat-8251	319	5	portion	portion	NOUN
easat-8251	319	6	of	of	ADP
easat-8251	319	7	consulting	consulting	NOUN
easat-8251	319	8	activity	activity	NOUN
easat-8251	319	9	will	will	AUX
easat-8251	319	10	have	have	VERB
easat-8251	319	11	a	a	DET
easat-8251	319	12	higher	high	ADJ
easat-8251	319	13	gross	gross	ADJ
easat-8251	319	14	profit	profit	NOUN
easat-8251	319	15	margin	margin	NOUN
easat-8251	319	16	.	.	PUNCT
easat-8251	320	1	for	for	ADP
easat-8251	320	2	lending	lending	NOUN
easat-8251	320	3	activities	activity	NOUN
easat-8251	320	4	,	,	PUNCT
easat-8251	320	5	companies	company	NOUN
easat-8251	320	6	that	that	PRON
easat-8251	320	7	provide	provide	VERB
easat-8251	320	8	more	more	ADJ
easat-8251	320	9	lending	lending	NOUN
easat-8251	320	10	services	service	NOUN
easat-8251	320	11	to	to	ADP
easat-8251	320	12	customers	customer	NOUN
easat-8251	320	13	tend	tend	VERB
easat-8251	320	14	to	to	PART
easat-8251	320	15	have	have	VERB
easat-8251	320	16	lower	low	ADJ
easat-8251	320	17	financial	financial	ADJ
easat-8251	320	18	performance	performance	NOUN
easat-8251	320	19	,	,	PUNCT
easat-8251	320	20	notably	notably	ADV
easat-8251	320	21	lower	low	ADJ
easat-8251	320	22	return	return	NOUN
easat-8251	320	23	on	on	ADP
easat-8251	320	24	assets	asset	NOUN
easat-8251	320	25	(	(	PUNCT
easat-8251	320	26	roa	roa	NOUN
easat-8251	320	27	)	)	PUNCT
easat-8251	320	28	and	and	CCONJ
easat-8251	320	29	return	return	VERB
easat-8251	320	30	on	on	ADP
easat-8251	320	31	equity	equity	NOUN
easat-8251	320	32	(	(	PUNCT
easat-8251	320	33	roe	roe	PROPN
easat-8251	320	34	)	)	PUNCT
easat-8251	320	35	.	.	PUNCT
easat-8251	321	1	firms	firm	NOUN
easat-8251	321	2	with	with	ADP
easat-8251	321	3	higher	high	ADJ
easat-8251	321	4	lending	lending	NOUN
easat-8251	321	5	activities	activity	NOUN
easat-8251	321	6	may	may	AUX
easat-8251	321	7	be	be	AUX
easat-8251	321	8	less	less	ADV
easat-8251	321	9	efficient	efficient	ADJ
easat-8251	321	10	in	in	ADP
easat-8251	321	11	utilizing	utilize	VERB
easat-8251	321	12	their	their	PRON
easat-8251	321	13	resources	resource	NOUN
easat-8251	321	14	.	.	PUNCT
easat-8251	322	1	the	the	DET
easat-8251	322	2	negative	negative	ADJ
easat-8251	322	3	impact	impact	NOUN
easat-8251	322	4	of	of	ADP
easat-8251	322	5	the	the	DET
easat-8251	322	6	lending	lending	NOUN
easat-8251	322	7	activity	activity	NOUN
easat-8251	322	8	raises	raise	VERB
easat-8251	322	9	concerns	concern	NOUN
easat-8251	322	10	about	about	ADP
easat-8251	322	11	the	the	DET
easat-8251	322	12	current	current	ADJ
easat-8251	322	13	situation	situation	NOUN
easat-8251	322	14	of	of	ADP
easat-8251	322	15	margin	margin	NOUN
easat-8251	322	16	lending	lending	NOUN
easat-8251	322	17	in	in	ADP
easat-8251	322	18	securities	security	NOUN
easat-8251	322	19	companies	company	NOUN
easat-8251	322	20	.	.	PUNCT
easat-8251	323	1	in	in	ADP
easat-8251	323	2	the	the	DET
easat-8251	323	3	context	context	NOUN
easat-8251	323	4	of	of	ADP
easat-8251	323	5	intense	intense	ADJ
easat-8251	323	6	competition	competition	NOUN
easat-8251	323	7	in	in	ADP
easat-8251	323	8	the	the	DET
easat-8251	323	9	stock	stock	NOUN
easat-8251	323	10	market	market	NOUN
easat-8251	323	11	,	,	PUNCT
easat-8251	323	12	as	as	SCONJ
easat-8251	323	13	revenue	revenue	NOUN
easat-8251	323	14	streams	stream	NOUN
easat-8251	323	15	from	from	ADP
easat-8251	323	16	brokerage	brokerage	NOUN
easat-8251	323	17	and	and	CCONJ
easat-8251	323	18	proprietary	proprietary	ADJ
easat-8251	323	19	trading	trading	NOUN
easat-8251	323	20	businesses	business	NOUN
easat-8251	323	21	shrink	shrink	VERB
easat-8251	323	22	,	,	PUNCT
easat-8251	323	23	margin	margin	NOUN
easat-8251	323	24	lending	lending	NOUN
easat-8251	323	25	has	have	AUX
easat-8251	323	26	become	become	VERB
easat-8251	323	27	a	a	DET
easat-8251	323	28	central	central	ADJ
easat-8251	323	29	pillar	pillar	NOUN
easat-8251	323	30	for	for	ADP
easat-8251	323	31	the	the	DET
easat-8251	323	32	profitability	profitability	NOUN
easat-8251	323	33	of	of	ADP
easat-8251	323	34	vietnamese	vietnamese	ADJ
easat-8251	323	35	securities	security	NOUN
easat-8251	323	36	companies	company	NOUN
easat-8251	323	37	.	.	PUNCT
easat-8251	324	1	according	accord	VERB
easat-8251	324	2	to	to	ADP
easat-8251	324	3	thu	thu	PROPN
easat-8251	324	4	[	[	X
easat-8251	324	5	45	45	NUM
easat-8251	324	6	]	]	PUNCT
easat-8251	324	7	the	the	DET
easat-8251	324	8	margin	margin	NOUN
easat-8251	324	9	loans	loan	NOUN
easat-8251	324	10	of	of	ADP
easat-8251	324	11	25	25	NUM
easat-8251	324	12	leading	lead	VERB
easat-8251	324	13	securities	security	NOUN
easat-8251	324	14	firms	firm	NOUN
easat-8251	324	15	in	in	ADP
easat-8251	324	16	2024	2024	NUM
easat-8251	324	17	reached	reach	VERB
easat-8251	324	18	approximately	approximately	ADV
easat-8251	324	19	210	210	NUM
easat-8251	324	20	trillion	trillion	NUM
easat-8251	324	21	vnd	vnd	PROPN
easat-8251	324	22	,	,	PUNCT
easat-8251	324	23	5	5	NUM
easat-8251	324	24	times	time	NOUN
easat-8251	324	25	higher	high	ADJ
easat-8251	324	26	than	than	ADP
easat-8251	324	27	the	the	DET
easat-8251	324	28	value	value	NOUN
easat-8251	324	29	in	in	ADP
easat-8251	324	30	2018	2018	NUM
easat-8251	324	31	,	,	PUNCT
easat-8251	324	32	which	which	PRON
easat-8251	324	33	was	be	AUX
easat-8251	324	34	40	40	NUM
easat-8251	324	35	trillion	trillion	NUM
easat-8251	324	36	vnd	vnd	PROPN
easat-8251	324	37	.	.	PUNCT
easat-8251	325	1	the	the	DET
easat-8251	325	2	significant	significant	ADJ
easat-8251	325	3	expansion	expansion	NOUN
easat-8251	325	4	of	of	ADP
easat-8251	325	5	margin	margin	NOUN
easat-8251	325	6	lending	lending	NOUN
easat-8251	325	7	requires	require	VERB
easat-8251	325	8	securities	security	NOUN
easat-8251	325	9	companies	company	NOUN
easat-8251	325	10	to	to	PART
easat-8251	325	11	raise	raise	VERB
easat-8251	325	12	sufficient	sufficient	ADJ
easat-8251	325	13	financing	financing	NOUN
easat-8251	325	14	sources	source	NOUN
easat-8251	325	15	.	.	PUNCT
easat-8251	326	1	the	the	DET
easat-8251	326	2	securities	security	NOUN
easat-8251	326	3	companies	company	NOUN
easat-8251	326	4	appear	appear	VERB
easat-8251	326	5	to	to	PART
easat-8251	326	6	use	use	VERB
easat-8251	326	7	debt	debt	NOUN
easat-8251	326	8	financing	financing	NOUN
easat-8251	326	9	primarily	primarily	ADV
easat-8251	326	10	to	to	PART
easat-8251	326	11	ensure	ensure	VERB
easat-8251	326	12	sufficient	sufficient	ADJ
easat-8251	326	13	capital	capital	NOUN
easat-8251	326	14	for	for	ADP
easat-8251	326	15	lending	lending	NOUN
easat-8251	326	16	services	service	NOUN
easat-8251	326	17	.	.	PUNCT
easat-8251	327	1	the	the	DET
easat-8251	327	2	following	follow	VERB
easat-8251	327	3	table	table	NOUN
easat-8251	327	4	displays	display	VERB
easat-8251	327	5	the	the	DET
easat-8251	327	6	pearson	pearson	PROPN
easat-8251	327	7	correlations	correlation	NOUN
easat-8251	327	8	between	between	ADP
easat-8251	327	9	lending	lend	VERB
easat-8251	327	10	percentage	percentage	NOUN
easat-8251	327	11	and	and	CCONJ
easat-8251	327	12	debt	debt	NOUN
easat-8251	327	13	structure	structure	NOUN
easat-8251	327	14	of	of	ADP
easat-8251	327	15	securities	security	NOUN
easat-8251	327	16	firms	firm	NOUN
easat-8251	327	17	in	in	ADP
easat-8251	327	18	vietnam	vietnam	PROPN
easat-8251	327	19	.	.	PUNCT
easat-8251	328	1	1871	1871	NUM
easat-8251	328	2	edelweiss	edelweiss	PROPN
easat-8251	328	3	applied	apply	VERB
easat-8251	328	4	science	science	NOUN
easat-8251	328	5	and	and	CCONJ
easat-8251	328	6	technology	technology	NOUN
easat-8251	328	7	issn	issn	PROPN
easat-8251	328	8	:	:	PUNCT
easat-8251	328	9	2576	2576	NUM
easat-8251	328	10	-	-	SYM
easat-8251	328	11	8484	8484	NUM
easat-8251	328	12	vol	vol	NOUN
easat-8251	328	13	.	.	PROPN
easat-8251	329	1	9	9	NUM
easat-8251	329	2	,	,	PUNCT
easat-8251	329	3	no	no	INTJ
easat-8251	329	4	.	.	NOUN
easat-8251	329	5	6	6	NUM
easat-8251	329	6	:	:	SYM
easat-8251	329	7	1862	1862	NUM
easat-8251	329	8	-	-	SYM
easat-8251	329	9	1874	1874	NUM
easat-8251	329	10	,	,	PUNCT
easat-8251	329	11	2025	2025	NUM
easat-8251	329	12	doi	doi	NOUN
easat-8251	329	13	:	:	PUNCT
easat-8251	329	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	329	15	©	©	PROPN
easat-8251	329	16	2025	2025	NUM
easat-8251	329	17	by	by	ADP
easat-8251	329	18	the	the	DET
easat-8251	329	19	authors	author	NOUN
easat-8251	329	20	;	;	PUNCT
easat-8251	329	21	licensee	licensee	PROPN
easat-8251	329	22	learning	learn	VERB
easat-8251	329	23	gate	gate	NOUN
easat-8251	329	24	table	table	NOUN
easat-8251	329	25	7	7	NUM
easat-8251	329	26	.	.	PUNCT
easat-8251	330	1	the	the	DET
easat-8251	330	2	financing	financing	NOUN
easat-8251	330	3	structure	structure	NOUN
easat-8251	330	4	of	of	ADP
easat-8251	330	5	vietnamese	vietnamese	ADJ
easat-8251	330	6	securities	security	NOUN
easat-8251	330	7	companies	company	NOUN
easat-8251	330	8	.	.	PUNCT
easat-8251	331	1	sdrate	sdrate	VERB
easat-8251	331	2	ldrate	ldrate	NOUN
easat-8251	331	3	debt	debt	NOUN
easat-8251	331	4	lend_p	lend_p	NOUN
easat-8251	331	5	sdrate	sdrate	VERB
easat-8251	331	6	1.0000	1.0000	NUM
easat-8251	331	7	ldrate	ldrate	NOUN
easat-8251	331	8	-0.0226	-0.0226	NOUN
easat-8251	331	9	1.0000	1.0000	NUM
easat-8251	331	10	debt	debt	NOUN
easat-8251	331	11	0.9774	0.9774	NUM
easat-8251	331	12	*	*	PUNCT
easat-8251	331	13	*	*	PUNCT
easat-8251	331	14	*	*	PUNCT
easat-8251	331	15	0.1895	0.1895	PUNCT
easat-8251	331	16	*	*	PUNCT
easat-8251	331	17	*	*	PUNCT
easat-8251	331	18	*	*	X
easat-8251	331	19	1.0000	1.0000	NUM
easat-8251	331	20	lend_p	lend_p	NOUN
easat-8251	331	21	0.2953	0.2953	NUM
easat-8251	331	22	*	*	PUNCT
easat-8251	331	23	*	*	PUNCT
easat-8251	331	24	*	*	NOUN
easat-8251	331	25	-0.1304	-0.1304	X
easat-8251	331	26	*	*	PUNCT
easat-8251	331	27	*	*	PUNCT
easat-8251	331	28	*	*	PUNCT
easat-8251	331	29	0.2624	0.2624	NUM
easat-8251	331	30	*	*	PUNCT
easat-8251	331	31	*	*	PUNCT
easat-8251	331	32	*	*	X
easat-8251	331	33	1.0000	1.0000	NUM
easat-8251	331	34	note	note	NOUN
easat-8251	331	35	:	:	PUNCT
easat-8251	331	36	*	*	PUNCT
easat-8251	331	37	*	*	PUNCT
easat-8251	331	38	*	*	PUNCT
easat-8251	331	39	p	p	NOUN
easat-8251	331	40	-	-	PUNCT
easat-8251	331	41	value	value	NOUN
easat-8251	331	42	<	<	NOUN
easat-8251	331	43	1	1	NUM
easat-8251	331	44	%	%	NOUN
easat-8251	331	45	.	.	PUNCT
easat-8251	332	1	we	we	PRON
easat-8251	332	2	can	can	AUX
easat-8251	332	3	see	see	VERB
easat-8251	332	4	from	from	ADP
easat-8251	332	5	the	the	DET
easat-8251	332	6	table	table	NOUN
easat-8251	332	7	above	above	ADP
easat-8251	332	8	that	that	SCONJ
easat-8251	332	9	sales	sale	NOUN
easat-8251	332	10	from	from	ADP
easat-8251	332	11	lending	lending	NOUN
easat-8251	332	12	services	service	NOUN
easat-8251	332	13	have	have	VERB
easat-8251	332	14	a	a	DET
easat-8251	332	15	significant	significant	ADJ
easat-8251	332	16	relationship	relationship	NOUN
easat-8251	332	17	with	with	ADP
easat-8251	332	18	the	the	DET
easat-8251	332	19	debt	debt	NOUN
easat-8251	332	20	ratio	ratio	NOUN
easat-8251	332	21	,	,	PUNCT
easat-8251	332	22	short	short	ADJ
easat-8251	332	23	-	-	PUNCT
easat-8251	332	24	term	term	NOUN
easat-8251	332	25	debt	debt	NOUN
easat-8251	332	26	ratio	ratio	NOUN
easat-8251	332	27	,	,	PUNCT
easat-8251	332	28	and	and	CCONJ
easat-8251	332	29	long	long	ADJ
easat-8251	332	30	-	-	PUNCT
easat-8251	332	31	term	term	NOUN
easat-8251	332	32	debt	debt	NOUN
easat-8251	332	33	ratio	ratio	NOUN
easat-8251	332	34	.	.	PUNCT
easat-8251	333	1	vietnamese	vietnamese	ADJ
easat-8251	333	2	securities	security	NOUN
easat-8251	333	3	firms	firm	NOUN
easat-8251	333	4	heavily	heavily	ADV
easat-8251	333	5	depend	depend	VERB
easat-8251	333	6	on	on	ADP
easat-8251	333	7	short	short	ADJ
easat-8251	333	8	-	-	PUNCT
easat-8251	333	9	term	term	NOUN
easat-8251	333	10	debt	debt	NOUN
easat-8251	333	11	.	.	PUNCT
easat-8251	334	1	that	that	PRON
easat-8251	334	2	means	mean	VERB
easat-8251	334	3	margin	margin	NOUN
easat-8251	334	4	loans	loan	NOUN
easat-8251	334	5	pose	pose	VERB
easat-8251	334	6	a	a	DET
easat-8251	334	7	high	high	ADJ
easat-8251	334	8	risk	risk	NOUN
easat-8251	334	9	to	to	ADP
easat-8251	334	10	the	the	DET
easat-8251	334	11	financial	financial	ADJ
easat-8251	334	12	performance	performance	NOUN
easat-8251	334	13	of	of	ADP
easat-8251	334	14	the	the	DET
easat-8251	334	15	vietnamese	vietnamese	ADJ
easat-8251	334	16	securities	security	NOUN
easat-8251	334	17	companies	company	NOUN
easat-8251	334	18	.	.	PUNCT
easat-8251	335	1	the	the	DET
easat-8251	335	2	state	state	PROPN
easat-8251	335	3	security	security	NOUN
easat-8251	335	4	commission	commission	NOUN
easat-8251	335	5	regulates	regulate	VERB
easat-8251	335	6	margin	margin	NOUN
easat-8251	335	7	loans	loan	NOUN
easat-8251	335	8	strictly	strictly	ADV
easat-8251	335	9	by	by	ADP
easat-8251	335	10	setting	set	VERB
easat-8251	335	11	limits	limit	NOUN
easat-8251	335	12	for	for	ADP
easat-8251	335	13	the	the	DET
easat-8251	335	14	lending	lending	NOUN
easat-8251	335	15	rate	rate	NOUN
easat-8251	335	16	(	(	PUNCT
easat-8251	335	17	less	less	ADJ
easat-8251	335	18	than	than	ADP
easat-8251	335	19	200	200	NUM
easat-8251	335	20	%	%	NOUN
easat-8251	335	21	of	of	ADP
easat-8251	335	22	equity	equity	NOUN
easat-8251	335	23	)	)	PUNCT
easat-8251	335	24	,	,	PUNCT
easat-8251	335	25	lending	lending	NOUN
easat-8251	335	26	volume	volume	NOUN
easat-8251	335	27	for	for	ADP
easat-8251	335	28	one	one	NUM
easat-8251	335	29	investor	investor	NOUN
easat-8251	335	30	(	(	PUNCT
easat-8251	335	31	less	less	ADJ
easat-8251	335	32	than	than	ADP
easat-8251	335	33	3	3	NUM
easat-8251	335	34	%	%	NOUN
easat-8251	335	35	of	of	ADP
easat-8251	335	36	equity	equity	NOUN
easat-8251	335	37	)	)	PUNCT
easat-8251	335	38	,	,	PUNCT
easat-8251	335	39	and	and	CCONJ
easat-8251	335	40	lending	lending	NOUN
easat-8251	335	41	period	period	NOUN
easat-8251	335	42	(	(	PUNCT
easat-8251	335	43	up	up	ADP
easat-8251	335	44	to	to	PART
easat-8251	335	45	3	3	NUM
easat-8251	335	46	months	month	NOUN
easat-8251	335	47	)	)	PUNCT
easat-8251	335	48	.	.	PUNCT
easat-8251	336	1	the	the	DET
easat-8251	336	2	government	government	NOUN
easat-8251	336	3	also	also	ADV
easat-8251	336	4	requires	require	VERB
easat-8251	336	5	securities	security	NOUN
easat-8251	336	6	companies	company	NOUN
easat-8251	336	7	to	to	PART
easat-8251	336	8	disclose	disclose	VERB
easat-8251	336	9	and	and	CCONJ
easat-8251	336	10	report	report	VERB
easat-8251	336	11	their	their	PRON
easat-8251	336	12	activities	activity	NOUN
easat-8251	336	13	periodically	periodically	ADV
easat-8251	336	14	.	.	PUNCT
easat-8251	337	1	however	however	ADV
easat-8251	337	2	,	,	PUNCT
easat-8251	337	3	the	the	DET
easat-8251	337	4	capital	capital	NOUN
easat-8251	337	5	of	of	ADP
easat-8251	337	6	most	most	ADJ
easat-8251	337	7	leading	lead	VERB
easat-8251	337	8	securities	security	NOUN
easat-8251	337	9	companies	company	NOUN
easat-8251	337	10	is	be	AUX
easat-8251	337	11	pumped	pump	VERB
easat-8251	337	12	by	by	ADP
easat-8251	337	13	banks	bank	NOUN
easat-8251	337	14	within	within	ADP
easat-8251	337	15	the	the	DET
easat-8251	337	16	same	same	ADJ
easat-8251	337	17	business	business	NOUN
easat-8251	337	18	ecosystem	ecosystem	NOUN
easat-8251	337	19	.	.	PUNCT
easat-8251	338	1	this	this	DET
easat-8251	338	2	channel	channel	NOUN
easat-8251	338	3	enables	enable	VERB
easat-8251	338	4	securities	security	NOUN
easat-8251	338	5	companies	company	NOUN
easat-8251	338	6	to	to	PART
easat-8251	338	7	operate	operate	VERB
easat-8251	338	8	as	as	ADP
easat-8251	338	9	a	a	DET
easat-8251	338	10	form	form	NOUN
easat-8251	338	11	of	of	ADP
easat-8251	338	12	shadow	shadow	NOUN
easat-8251	338	13	banking	banking	NOUN
easat-8251	338	14	in	in	ADP
easat-8251	338	15	the	the	DET
easat-8251	338	16	financial	financial	ADJ
easat-8251	338	17	market	market	NOUN
easat-8251	338	18	.	.	PUNCT
easat-8251	339	1	le	le	X
easat-8251	339	2	,	,	PUNCT
easat-8251	339	3	et	et	PROPN
easat-8251	339	4	al	al	PROPN
easat-8251	339	5	.	.	PUNCT
easat-8251	340	1	[	[	X
easat-8251	340	2	46	46	NUM
easat-8251	340	3	]	]	PUNCT
easat-8251	340	4	found	find	VERB
easat-8251	340	5	that	that	SCONJ
easat-8251	340	6	shadow	shadow	NOUN
easat-8251	340	7	banking	banking	NOUN
easat-8251	340	8	deteriorates	deteriorate	VERB
easat-8251	340	9	the	the	DET
easat-8251	340	10	firm	firm	ADJ
easat-8251	340	11	performance	performance	NOUN
easat-8251	340	12	,	,	PUNCT
easat-8251	340	13	while	while	SCONJ
easat-8251	340	14	nguyen	nguyen	NOUN
easat-8251	340	15	,	,	PUNCT
easat-8251	340	16	et	et	PROPN
easat-8251	340	17	al	al	PROPN
easat-8251	340	18	.	.	PUNCT
easat-8251	341	1	[	[	X
easat-8251	341	2	47	47	NUM
easat-8251	341	3	]	]	PUNCT
easat-8251	341	4	found	find	VERB
easat-8251	341	5	that	that	SCONJ
easat-8251	341	6	shadow	shadow	NOUN
easat-8251	341	7	banking	banking	NOUN
easat-8251	341	8	weakens	weaken	VERB
easat-8251	341	9	the	the	DET
easat-8251	341	10	positive	positive	ADJ
easat-8251	341	11	relationship	relationship	NOUN
easat-8251	341	12	between	between	ADP
easat-8251	341	13	bank	bank	NOUN
easat-8251	341	14	competition	competition	NOUN
easat-8251	341	15	and	and	CCONJ
easat-8251	341	16	bank	bank	NOUN
easat-8251	341	17	stability	stability	NOUN
easat-8251	341	18	.	.	PUNCT
easat-8251	342	1	therefore	therefore	ADV
easat-8251	342	2	,	,	PUNCT
easat-8251	342	3	securities	security	NOUN
easat-8251	342	4	companies	company	NOUN
easat-8251	342	5	that	that	PRON
easat-8251	342	6	offer	offer	VERB
easat-8251	342	7	more	more	ADJ
easat-8251	342	8	lending	lending	NOUN
easat-8251	342	9	services	service	NOUN
easat-8251	342	10	may	may	AUX
easat-8251	342	11	have	have	VERB
easat-8251	342	12	lower	low	ADJ
easat-8251	342	13	financial	financial	ADJ
easat-8251	342	14	performance	performance	NOUN
easat-8251	342	15	.	.	PUNCT
easat-8251	343	1	the	the	DET
easat-8251	343	2	positive	positive	ADJ
easat-8251	343	3	impact	impact	NOUN
easat-8251	343	4	of	of	ADP
easat-8251	343	5	firm	firm	ADJ
easat-8251	343	6	size	size	NOUN
easat-8251	343	7	on	on	ADP
easat-8251	343	8	financial	financial	ADJ
easat-8251	343	9	performance	performance	NOUN
easat-8251	343	10	highlights	highlight	VERB
easat-8251	343	11	the	the	DET
easat-8251	343	12	importance	importance	NOUN
easat-8251	343	13	of	of	ADP
easat-8251	343	14	capital	capital	NOUN
easat-8251	343	15	size	size	NOUN
easat-8251	343	16	in	in	ADP
easat-8251	343	17	the	the	DET
easat-8251	343	18	operations	operation	NOUN
easat-8251	343	19	of	of	ADP
easat-8251	343	20	securities	security	NOUN
easat-8251	343	21	companies	company	NOUN
easat-8251	343	22	.	.	PUNCT
easat-8251	344	1	big	big	ADJ
easat-8251	344	2	-	-	PUNCT
easat-8251	344	3	sized	sized	ADJ
easat-8251	344	4	companies	company	NOUN
easat-8251	344	5	outperform	outperform	VERB
easat-8251	344	6	the	the	DET
easat-8251	344	7	smaller	small	ADJ
easat-8251	344	8	ones	one	NOUN
easat-8251	344	9	.	.	PUNCT
easat-8251	345	1	however	however	ADV
easat-8251	345	2	,	,	PUNCT
easat-8251	345	3	the	the	DET
easat-8251	345	4	sources	source	NOUN
easat-8251	345	5	of	of	ADP
easat-8251	345	6	capital	capital	NOUN
easat-8251	345	7	are	be	AUX
easat-8251	345	8	critical	critical	ADJ
easat-8251	345	9	to	to	ADP
easat-8251	345	10	determining	determine	VERB
easat-8251	345	11	sustainable	sustainable	ADJ
easat-8251	345	12	performance	performance	NOUN
easat-8251	345	13	.	.	PUNCT
easat-8251	346	1	after	after	ADP
easat-8251	346	2	the	the	DET
easat-8251	346	3	covid-19	covid-19	PROPN
easat-8251	346	4	pandemic	pandemic	NOUN
easat-8251	346	5	,	,	PUNCT
easat-8251	346	6	the	the	DET
easat-8251	346	7	vietnamese	vietnamese	ADJ
easat-8251	346	8	stock	stock	NOUN
easat-8251	346	9	market	market	NOUN
easat-8251	346	10	entered	enter	VERB
easat-8251	346	11	a	a	DET
easat-8251	346	12	highly	highly	ADV
easat-8251	346	13	volatile	volatile	ADJ
easat-8251	346	14	phase	phase	NOUN
easat-8251	346	15	.	.	PUNCT
easat-8251	347	1	the	the	DET
easat-8251	347	2	explosion	explosion	NOUN
easat-8251	347	3	of	of	ADP
easat-8251	347	4	digital	digital	ADJ
easat-8251	347	5	technology	technology	NOUN
easat-8251	347	6	has	have	AUX
easat-8251	347	7	made	make	VERB
easat-8251	347	8	the	the	DET
easat-8251	347	9	stock	stock	NOUN
easat-8251	347	10	business	business	NOUN
easat-8251	347	11	more	more	ADV
easat-8251	347	12	competitive	competitive	ADJ
easat-8251	347	13	than	than	ADP
easat-8251	347	14	ever	ever	ADV
easat-8251	347	15	before	before	ADV
easat-8251	347	16	.	.	PUNCT
easat-8251	348	1	individual	individual	ADJ
easat-8251	348	2	investors	investor	NOUN
easat-8251	348	3	,	,	PUNCT
easat-8251	348	4	with	with	ADP
easat-8251	348	5	the	the	DET
easat-8251	348	6	assistance	assistance	NOUN
easat-8251	348	7	of	of	ADP
easat-8251	348	8	virtual	virtual	ADJ
easat-8251	348	9	assistants	assistant	NOUN
easat-8251	348	10	offered	offer	VERB
easat-8251	348	11	by	by	ADP
easat-8251	348	12	fintech	fintech	NOUN
easat-8251	348	13	solutions	solution	NOUN
easat-8251	348	14	,	,	PUNCT
easat-8251	348	15	can	can	AUX
easat-8251	348	16	manage	manage	VERB
easat-8251	348	17	their	their	PRON
easat-8251	348	18	investments	investment	NOUN
easat-8251	348	19	more	more	ADV
easat-8251	348	20	independently	independently	ADV
easat-8251	348	21	.	.	PUNCT
easat-8251	349	1	this	this	DET
easat-8251	349	2	situation	situation	NOUN
easat-8251	349	3	leads	lead	VERB
easat-8251	349	4	to	to	ADP
easat-8251	349	5	the	the	DET
easat-8251	349	6	shrinkage	shrinkage	NOUN
easat-8251	349	7	of	of	ADP
easat-8251	349	8	traditional	traditional	ADJ
easat-8251	349	9	businesses	business	NOUN
easat-8251	349	10	,	,	PUNCT
easat-8251	349	11	such	such	ADJ
easat-8251	349	12	as	as	ADP
easat-8251	349	13	brokerage	brokerage	NOUN
easat-8251	349	14	and	and	CCONJ
easat-8251	349	15	advisory	advisory	ADJ
easat-8251	349	16	services	service	NOUN
easat-8251	349	17	.	.	PUNCT
easat-8251	350	1	vietnamese	vietnamese	ADJ
easat-8251	350	2	securities	security	NOUN
easat-8251	350	3	firms	firm	NOUN
easat-8251	350	4	are	be	AUX
easat-8251	350	5	shifting	shift	VERB
easat-8251	350	6	their	their	PRON
easat-8251	350	7	business	business	NOUN
easat-8251	350	8	to	to	ADP
easat-8251	350	9	riskier	risky	ADJ
easat-8251	350	10	areas	area	NOUN
easat-8251	350	11	,	,	PUNCT
easat-8251	350	12	such	such	ADJ
easat-8251	350	13	as	as	ADP
easat-8251	350	14	margin	margin	NOUN
easat-8251	350	15	loans	loan	NOUN
easat-8251	350	16	and	and	CCONJ
easat-8251	350	17	lending	lending	NOUN
easat-8251	350	18	services	service	NOUN
easat-8251	350	19	.	.	PUNCT
easat-8251	351	1	however	however	ADV
easat-8251	351	2	,	,	PUNCT
easat-8251	351	3	the	the	DET
easat-8251	351	4	empirical	empirical	ADJ
easat-8251	351	5	results	result	NOUN
easat-8251	351	6	indicate	indicate	VERB
easat-8251	351	7	that	that	SCONJ
easat-8251	351	8	excessive	excessive	ADJ
easat-8251	351	9	lending	lending	NOUN
easat-8251	351	10	leads	lead	VERB
easat-8251	351	11	to	to	ADP
easat-8251	351	12	a	a	DET
easat-8251	351	13	decline	decline	NOUN
easat-8251	351	14	in	in	ADP
easat-8251	351	15	the	the	DET
easat-8251	351	16	financial	financial	ADJ
easat-8251	351	17	performance	performance	NOUN
easat-8251	351	18	of	of	ADP
easat-8251	351	19	securities	security	NOUN
easat-8251	351	20	companies	company	NOUN
easat-8251	351	21	.	.	PUNCT
easat-8251	352	1	financial	financial	ADJ
easat-8251	352	2	institutions	institution	NOUN
easat-8251	352	3	rating	rate	VERB
easat-8251	352	4	[	[	X
easat-8251	352	5	48	48	NUM
easat-8251	352	6	]	]	PUNCT
easat-8251	352	7	identified	identify	VERB
easat-8251	352	8	that	that	SCONJ
easat-8251	352	9	lending	lending	NOUN
easat-8251	352	10	services	service	NOUN
easat-8251	352	11	pose	pose	VERB
easat-8251	352	12	high	high	ADJ
easat-8251	352	13	credit	credit	NOUN
easat-8251	352	14	and	and	CCONJ
easat-8251	352	15	legal	legal	ADJ
easat-8251	352	16	risks	risk	NOUN
easat-8251	352	17	to	to	ADP
easat-8251	352	18	the	the	DET
easat-8251	352	19	business	business	NOUN
easat-8251	352	20	performance	performance	NOUN
easat-8251	352	21	of	of	ADP
easat-8251	352	22	vietnamese	vietnamese	ADJ
easat-8251	352	23	securities	security	NOUN
easat-8251	352	24	firms	firm	NOUN
easat-8251	352	25	.	.	PUNCT
easat-8251	353	1	the	the	DET
easat-8251	353	2	empirical	empirical	ADJ
easat-8251	353	3	result	result	NOUN
easat-8251	353	4	is	be	AUX
easat-8251	353	5	consistent	consistent	ADJ
easat-8251	353	6	with	with	ADP
easat-8251	353	7	previous	previous	ADJ
easat-8251	353	8	studies	study	NOUN
easat-8251	353	9	and	and	CCONJ
easat-8251	353	10	affirms	affirm	VERB
easat-8251	353	11	that	that	SCONJ
easat-8251	353	12	the	the	DET
easat-8251	353	13	impact	impact	NOUN
easat-8251	353	14	of	of	ADP
easat-8251	353	15	business	business	NOUN
easat-8251	353	16	diversification	diversification	NOUN
easat-8251	353	17	depends	depend	VERB
easat-8251	353	18	on	on	ADP
easat-8251	353	19	the	the	DET
easat-8251	353	20	type	type	NOUN
easat-8251	353	21	of	of	ADP
easat-8251	353	22	diversification	diversification	NOUN
easat-8251	353	23	.	.	PUNCT
easat-8251	354	1	related	relate	VERB
easat-8251	354	2	diversification	diversification	NOUN
easat-8251	354	3	,	,	PUNCT
easat-8251	354	4	such	such	ADJ
easat-8251	354	5	as	as	ADP
easat-8251	354	6	consulting	consulting	NOUN
easat-8251	354	7	services	service	NOUN
easat-8251	354	8	,	,	PUNCT
easat-8251	354	9	contributes	contribute	VERB
easat-8251	354	10	positively	positively	ADV
easat-8251	354	11	to	to	ADP
easat-8251	354	12	financial	financial	ADJ
easat-8251	354	13	performance	performance	NOUN
easat-8251	354	14	,	,	PUNCT
easat-8251	354	15	whereas	whereas	SCONJ
easat-8251	354	16	risky	risky	ADJ
easat-8251	354	17	and	and	CCONJ
easat-8251	354	18	unrelated	unrelated	ADJ
easat-8251	354	19	diversification	diversification	NOUN
easat-8251	354	20	negatively	negatively	ADV
easat-8251	354	21	impacts	impact	VERB
easat-8251	354	22	the	the	DET
easat-8251	354	23	profitability	profitability	NOUN
easat-8251	354	24	of	of	ADP
easat-8251	354	25	vietnamese	vietnamese	ADJ
easat-8251	354	26	securities	security	NOUN
easat-8251	354	27	companies	company	NOUN
easat-8251	354	28	.	.	PUNCT
easat-8251	355	1	5	5	X
easat-8251	355	2	.	.	X
easat-8251	355	3	conclusion	conclusion	VERB
easat-8251	355	4	the	the	DET
easat-8251	355	5	analysis	analysis	NOUN
easat-8251	355	6	of	of	ADP
easat-8251	355	7	business	business	NOUN
easat-8251	355	8	diversification	diversification	NOUN
easat-8251	355	9	in	in	ADP
easat-8251	355	10	vietnamese	vietnamese	ADJ
easat-8251	355	11	securities	security	NOUN
easat-8251	355	12	companies	company	NOUN
easat-8251	355	13	reveals	reveal	VERB
easat-8251	355	14	that	that	SCONJ
easat-8251	355	15	brokerage	brokerage	NOUN
easat-8251	355	16	and	and	CCONJ
easat-8251	355	17	consulting	consulting	NOUN
easat-8251	355	18	activities	activity	NOUN
easat-8251	355	19	significantly	significantly	ADV
easat-8251	355	20	enhance	enhance	VERB
easat-8251	355	21	financial	financial	ADJ
easat-8251	355	22	performance	performance	NOUN
easat-8251	355	23	,	,	PUNCT
easat-8251	355	24	particularly	particularly	ADV
easat-8251	355	25	in	in	ADP
easat-8251	355	26	gross	gross	ADJ
easat-8251	355	27	profit	profit	NOUN
easat-8251	355	28	margins	margin	NOUN
easat-8251	355	29	.	.	PUNCT
easat-8251	356	1	however	however	ADV
easat-8251	356	2	,	,	PUNCT
easat-8251	356	3	lending	lending	NOUN
easat-8251	356	4	activities	activity	NOUN
easat-8251	356	5	harm	harm	VERB
easat-8251	356	6	financial	financial	ADJ
easat-8251	356	7	metrics	metric	NOUN
easat-8251	356	8	such	such	ADJ
easat-8251	356	9	as	as	ADP
easat-8251	356	10	return	return	NOUN
easat-8251	356	11	on	on	ADP
easat-8251	356	12	assets	asset	NOUN
easat-8251	356	13	(	(	PUNCT
easat-8251	356	14	roa	roa	NOUN
easat-8251	356	15	)	)	PUNCT
easat-8251	356	16	and	and	CCONJ
easat-8251	356	17	return	return	VERB
easat-8251	356	18	on	on	ADP
easat-8251	356	19	equity	equity	NOUN
easat-8251	356	20	(	(	PUNCT
easat-8251	356	21	roe	roe	PROPN
easat-8251	356	22	)	)	PUNCT
easat-8251	356	23	.	.	PUNCT
easat-8251	357	1	the	the	DET
easat-8251	357	2	growth	growth	NOUN
easat-8251	357	3	of	of	ADP
easat-8251	357	4	margin	margin	NOUN
easat-8251	357	5	lending	lending	NOUN
easat-8251	357	6	,	,	PUNCT
easat-8251	357	7	which	which	PRON
easat-8251	357	8	has	have	AUX
easat-8251	357	9	surged	surge	VERB
easat-8251	357	10	dramatically	dramatically	ADV
easat-8251	357	11	since	since	SCONJ
easat-8251	357	12	2018	2018	NUM
easat-8251	357	13	,	,	PUNCT
easat-8251	357	14	raises	raise	VERB
easat-8251	357	15	concerns	concern	NOUN
easat-8251	357	16	about	about	ADP
easat-8251	357	17	financial	financial	ADJ
easat-8251	357	18	stability	stability	NOUN
easat-8251	357	19	due	due	ADP
easat-8251	357	20	to	to	ADP
easat-8251	357	21	its	its	PRON
easat-8251	357	22	high	high	ADJ
easat-8251	357	23	reliance	reliance	NOUN
easat-8251	357	24	on	on	ADP
easat-8251	357	25	short	short	ADJ
easat-8251	357	26	-	-	PUNCT
easat-8251	357	27	term	term	NOUN
easat-8251	357	28	debt	debt	NOUN
easat-8251	357	29	and	and	CCONJ
easat-8251	357	30	the	the	DET
easat-8251	357	31	associated	associated	ADJ
easat-8251	357	32	risks	risk	NOUN
easat-8251	357	33	of	of	ADP
easat-8251	357	34	shadow	shadow	NOUN
easat-8251	357	35	banking	banking	NOUN
easat-8251	357	36	.	.	PUNCT
easat-8251	358	1	regulatory	regulatory	ADJ
easat-8251	358	2	measures	measure	NOUN
easat-8251	358	3	are	be	AUX
easat-8251	358	4	in	in	ADP
easat-8251	358	5	place	place	NOUN
easat-8251	358	6	to	to	PART
easat-8251	358	7	control	control	VERB
easat-8251	358	8	margin	margin	NOUN
easat-8251	358	9	loans	loan	NOUN
easat-8251	358	10	;	;	PUNCT
easat-8251	358	11	however	however	ADV
easat-8251	358	12	,	,	PUNCT
easat-8251	358	13	the	the	DET
easat-8251	358	14	reliance	reliance	NOUN
easat-8251	358	15	on	on	ADP
easat-8251	358	16	bank	bank	NOUN
easat-8251	358	17	financing	financing	NOUN
easat-8251	358	18	complicates	complicate	VERB
easat-8251	358	19	the	the	DET
easat-8251	358	20	situation	situation	NOUN
easat-8251	358	21	.	.	PUNCT
easat-8251	359	1	larger	large	ADJ
easat-8251	359	2	firms	firm	NOUN
easat-8251	359	3	tend	tend	VERB
easat-8251	359	4	to	to	PART
easat-8251	359	5	perform	perform	VERB
easat-8251	359	6	better	well	ADV
easat-8251	359	7	;	;	PUNCT
easat-8251	359	8	however	however	ADV
easat-8251	359	9	,	,	PUNCT
easat-8251	359	10	the	the	DET
easat-8251	359	11	quality	quality	NOUN
easat-8251	359	12	of	of	ADP
easat-8251	359	13	capital	capital	NOUN
easat-8251	359	14	sources	source	NOUN
easat-8251	359	15	is	be	AUX
easat-8251	359	16	crucial	crucial	ADJ
easat-8251	359	17	for	for	ADP
easat-8251	359	18	achieving	achieve	VERB
easat-8251	359	19	sustainable	sustainable	ADJ
easat-8251	359	20	success	success	NOUN
easat-8251	359	21	.	.	PUNCT
easat-8251	360	1	as	as	SCONJ
easat-8251	360	2	the	the	DET
easat-8251	360	3	market	market	NOUN
easat-8251	360	4	becomes	become	VERB
easat-8251	360	5	increasingly	increasingly	ADV
easat-8251	360	6	competitive	competitive	ADJ
easat-8251	360	7	post	post	ADJ
easat-8251	360	8	-	-	ADJ
easat-8251	360	9	covid-19	covid-19	ADJ
easat-8251	360	10	,	,	PUNCT
easat-8251	360	11	securities	security	NOUN
easat-8251	360	12	firms	firm	NOUN
easat-8251	360	13	are	be	AUX
easat-8251	360	14	shifting	shift	VERB
easat-8251	360	15	towards	towards	ADP
easat-8251	360	16	riskier	risky	ADJ
easat-8251	360	17	lending	lending	NOUN
easat-8251	360	18	services	service	NOUN
easat-8251	360	19	,	,	PUNCT
easat-8251	360	20	which	which	PRON
easat-8251	360	21	empirical	empirical	ADJ
easat-8251	360	22	evidence	evidence	NOUN
easat-8251	360	23	suggests	suggest	VERB
easat-8251	360	24	may	may	AUX
easat-8251	360	25	harm	harm	VERB
easat-8251	360	26	overall	overall	ADJ
easat-8251	360	27	financial	financial	ADJ
easat-8251	360	28	performance	performance	NOUN
easat-8251	360	29	.	.	PUNCT
easat-8251	361	1	the	the	DET
easat-8251	361	2	study	study	NOUN
easat-8251	361	3	highlights	highlight	NOUN
easat-8251	361	4	that	that	PRON
easat-8251	361	5	related	related	ADJ
easat-8251	361	6	diversification	diversification	NOUN
easat-8251	361	7	,	,	PUNCT
easat-8251	361	8	such	such	ADJ
easat-8251	361	9	as	as	ADP
easat-8251	361	10	consulting	consulting	NOUN
easat-8251	361	11	,	,	PUNCT
easat-8251	361	12	enhances	enhance	VERB
easat-8251	361	13	profitability	profitability	NOUN
easat-8251	361	14	,	,	PUNCT
easat-8251	361	15	while	while	SCONJ
easat-8251	361	16	risky	risky	ADJ
easat-8251	361	17	diversification	diversification	NOUN
easat-8251	361	18	,	,	PUNCT
easat-8251	361	19	like	like	ADP
easat-8251	361	20	excessive	excessive	ADJ
easat-8251	361	21	lending	lending	NOUN
easat-8251	361	22	,	,	PUNCT
easat-8251	361	23	detracts	detract	VERB
easat-8251	361	24	from	from	ADP
easat-8251	361	25	it	it	PRON
easat-8251	361	26	.	.	PUNCT
easat-8251	362	1	in	in	ADP
easat-8251	362	2	conclusion	conclusion	NOUN
easat-8251	362	3	,	,	PUNCT
easat-8251	362	4	the	the	DET
easat-8251	362	5	findings	finding	NOUN
easat-8251	362	6	underscore	underscore	VERB
easat-8251	362	7	the	the	DET
easat-8251	362	8	importance	importance	NOUN
easat-8251	362	9	for	for	ADP
easat-8251	362	10	vietnamese	vietnamese	ADJ
easat-8251	362	11	1872	1872	NUM
easat-8251	362	12	edelweiss	edelweiss	PROPN
easat-8251	362	13	applied	apply	VERB
easat-8251	362	14	science	science	NOUN
easat-8251	362	15	and	and	CCONJ
easat-8251	362	16	technology	technology	NOUN
easat-8251	362	17	issn	issn	PROPN
easat-8251	362	18	:	:	PUNCT
easat-8251	362	19	2576	2576	NUM
easat-8251	362	20	-	-	SYM
easat-8251	362	21	8484	8484	NUM
easat-8251	362	22	vol	vol	NOUN
easat-8251	362	23	.	.	PROPN
easat-8251	363	1	9	9	NUM
easat-8251	363	2	,	,	PUNCT
easat-8251	363	3	no	no	INTJ
easat-8251	363	4	.	.	NOUN
easat-8251	363	5	6	6	NUM
easat-8251	363	6	:	:	SYM
easat-8251	363	7	1862	1862	NUM
easat-8251	363	8	-	-	SYM
easat-8251	363	9	1874	1874	NUM
easat-8251	363	10	,	,	PUNCT
easat-8251	363	11	2025	2025	NUM
easat-8251	363	12	doi	doi	NOUN
easat-8251	363	13	:	:	PUNCT
easat-8251	363	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	363	15	©	©	PROPN
easat-8251	363	16	2025	2025	NUM
easat-8251	363	17	by	by	ADP
easat-8251	363	18	the	the	DET
easat-8251	363	19	authors	author	NOUN
easat-8251	363	20	;	;	PUNCT
easat-8251	363	21	licensee	licensee	PROPN
easat-8251	363	22	learning	learning	PROPN
easat-8251	363	23	gate	gate	PROPN
easat-8251	363	24	securities	security	NOUN
easat-8251	363	25	companies	company	NOUN
easat-8251	363	26	to	to	PART
easat-8251	363	27	carefully	carefully	ADV
easat-8251	363	28	assess	assess	VERB
easat-8251	363	29	their	their	PRON
easat-8251	363	30	diversification	diversification	NOUN
easat-8251	363	31	strategies	strategy	NOUN
easat-8251	363	32	,	,	PUNCT
easat-8251	363	33	striking	strike	VERB
easat-8251	363	34	a	a	DET
easat-8251	363	35	balance	balance	NOUN
easat-8251	363	36	between	between	ADP
easat-8251	363	37	growth	growth	NOUN
easat-8251	363	38	opportunities	opportunity	NOUN
easat-8251	363	39	and	and	CCONJ
easat-8251	363	40	associated	associate	VERB
easat-8251	363	41	risks	risk	NOUN
easat-8251	363	42	to	to	PART
easat-8251	363	43	ensure	ensure	VERB
easat-8251	363	44	financial	financial	ADJ
easat-8251	363	45	stability	stability	NOUN
easat-8251	363	46	.	.	PUNCT
easat-8251	364	1	this	this	DET
easat-8251	364	2	study	study	NOUN
easat-8251	364	3	emphasizes	emphasize	VERB
easat-8251	364	4	the	the	DET
easat-8251	364	5	importance	importance	NOUN
easat-8251	364	6	of	of	ADP
easat-8251	364	7	strategic	strategic	ADJ
easat-8251	364	8	decision	decision	NOUN
easat-8251	364	9	-	-	PUNCT
easat-8251	364	10	making	making	NOUN
easat-8251	364	11	in	in	ADP
easat-8251	364	12	diversification	diversification	NOUN
easat-8251	364	13	to	to	PART
easat-8251	364	14	improve	improve	VERB
easat-8251	364	15	financial	financial	ADJ
easat-8251	364	16	performance	performance	NOUN
easat-8251	364	17	while	while	SCONJ
easat-8251	364	18	mitigating	mitigate	VERB
easat-8251	364	19	the	the	DET
easat-8251	364	20	risks	risk	NOUN
easat-8251	364	21	associated	associate	VERB
easat-8251	364	22	with	with	ADP
easat-8251	364	23	excessive	excessive	ADJ
easat-8251	364	24	lending	lending	NOUN
easat-8251	364	25	practices	practice	NOUN
easat-8251	364	26	.	.	PUNCT
easat-8251	365	1	this	this	DET
easat-8251	365	2	approach	approach	NOUN
easat-8251	365	3	will	will	AUX
easat-8251	365	4	enable	enable	VERB
easat-8251	365	5	firms	firm	NOUN
easat-8251	365	6	to	to	PART
easat-8251	365	7	optimize	optimize	VERB
easat-8251	365	8	their	their	PRON
easat-8251	365	9	operations	operation	NOUN
easat-8251	365	10	and	and	CCONJ
easat-8251	365	11	focus	focus	VERB
easat-8251	365	12	on	on	ADP
easat-8251	365	13	more	more	ADV
easat-8251	365	14	sustainable	sustainable	ADJ
easat-8251	365	15	growth	growth	NOUN
easat-8251	365	16	avenues	avenue	NOUN
easat-8251	365	17	while	while	SCONJ
easat-8251	365	18	managing	manage	VERB
easat-8251	365	19	the	the	DET
easat-8251	365	20	inherent	inherent	ADJ
easat-8251	365	21	risks	risk	NOUN
easat-8251	365	22	of	of	ADP
easat-8251	365	23	their	their	PRON
easat-8251	365	24	diversification	diversification	NOUN
easat-8251	365	25	strategies	strategy	NOUN
easat-8251	365	26	.	.	PUNCT
easat-8251	366	1	effective	effective	ADJ
easat-8251	366	2	management	management	NOUN
easat-8251	366	3	of	of	ADP
easat-8251	366	4	diversification	diversification	NOUN
easat-8251	366	5	strategies	strategy	NOUN
easat-8251	366	6	is	be	AUX
easat-8251	366	7	crucial	crucial	ADJ
easat-8251	366	8	for	for	SCONJ
easat-8251	366	9	vietnamese	vietnamese	ADJ
easat-8251	366	10	securities	security	NOUN
easat-8251	366	11	companies	company	NOUN
easat-8251	366	12	to	to	PART
easat-8251	366	13	navigate	navigate	VERB
easat-8251	366	14	the	the	DET
easat-8251	366	15	evolving	evolve	VERB
easat-8251	366	16	market	market	NOUN
easat-8251	366	17	landscape	landscape	NOUN
easat-8251	366	18	and	and	CCONJ
easat-8251	366	19	maintain	maintain	VERB
easat-8251	366	20	long	long	ADJ
easat-8251	366	21	-	-	PUNCT
easat-8251	366	22	term	term	NOUN
easat-8251	366	23	financial	financial	ADJ
easat-8251	366	24	stability	stability	NOUN
easat-8251	366	25	.	.	PUNCT
easat-8251	367	1	to	to	PART
easat-8251	367	2	achieve	achieve	VERB
easat-8251	367	3	sustainable	sustainable	ADJ
easat-8251	367	4	growth	growth	NOUN
easat-8251	367	5	,	,	PUNCT
easat-8251	367	6	vietnamese	vietnamese	ADJ
easat-8251	367	7	securities	security	NOUN
easat-8251	367	8	companies	company	NOUN
easat-8251	367	9	must	must	AUX
easat-8251	367	10	prioritize	prioritize	VERB
easat-8251	367	11	diversification	diversification	NOUN
easat-8251	367	12	strategies	strategy	NOUN
easat-8251	367	13	that	that	PRON
easat-8251	367	14	enhance	enhance	VERB
easat-8251	367	15	profitability	profitability	NOUN
easat-8251	367	16	while	while	SCONJ
easat-8251	367	17	carefully	carefully	ADV
easat-8251	367	18	managing	manage	VERB
easat-8251	367	19	the	the	DET
easat-8251	367	20	risks	risk	NOUN
easat-8251	367	21	associated	associate	VERB
easat-8251	367	22	with	with	ADP
easat-8251	367	23	lending	lending	NOUN
easat-8251	367	24	activities	activity	NOUN
easat-8251	367	25	.	.	PUNCT
easat-8251	368	1	transparency	transparency	NOUN
easat-8251	368	2	:	:	PUNCT
easat-8251	368	3	the	the	DET
easat-8251	368	4	authors	author	NOUN
easat-8251	368	5	confirm	confirm	VERB
easat-8251	368	6	that	that	SCONJ
easat-8251	368	7	the	the	DET
easat-8251	368	8	manuscript	manuscript	NOUN
easat-8251	368	9	is	be	AUX
easat-8251	368	10	an	an	DET
easat-8251	368	11	honest	honest	ADJ
easat-8251	368	12	,	,	PUNCT
easat-8251	368	13	accurate	accurate	ADJ
easat-8251	368	14	,	,	PUNCT
easat-8251	368	15	and	and	CCONJ
easat-8251	368	16	transparent	transparent	ADJ
easat-8251	368	17	account	account	NOUN
easat-8251	368	18	of	of	ADP
easat-8251	368	19	the	the	DET
easat-8251	368	20	study	study	NOUN
easat-8251	368	21	;	;	PUNCT
easat-8251	368	22	that	that	SCONJ
easat-8251	368	23	no	no	DET
easat-8251	368	24	vital	vital	ADJ
easat-8251	368	25	features	feature	NOUN
easat-8251	368	26	of	of	ADP
easat-8251	368	27	the	the	DET
easat-8251	368	28	study	study	NOUN
easat-8251	368	29	have	have	AUX
easat-8251	368	30	been	be	AUX
easat-8251	368	31	omitted	omit	VERB
easat-8251	368	32	;	;	PUNCT
easat-8251	368	33	and	and	CCONJ
easat-8251	368	34	that	that	SCONJ
easat-8251	368	35	any	any	DET
easat-8251	368	36	discrepancies	discrepancy	NOUN
easat-8251	368	37	from	from	ADP
easat-8251	368	38	the	the	DET
easat-8251	368	39	study	study	NOUN
easat-8251	368	40	as	as	SCONJ
easat-8251	368	41	planned	plan	VERB
easat-8251	368	42	have	have	AUX
easat-8251	368	43	been	be	AUX
easat-8251	368	44	explained	explain	VERB
easat-8251	368	45	.	.	PUNCT
easat-8251	369	1	this	this	DET
easat-8251	369	2	study	study	NOUN
easat-8251	369	3	followed	follow	VERB
easat-8251	369	4	all	all	DET
easat-8251	369	5	ethical	ethical	ADJ
easat-8251	369	6	practices	practice	NOUN
easat-8251	369	7	during	during	ADP
easat-8251	369	8	writing	writing	NOUN
easat-8251	369	9	.	.	PUNCT
easat-8251	370	1	copyright	copyright	NOUN
easat-8251	370	2	:	:	PUNCT
easat-8251	370	3	©	©	PROPN
easat-8251	370	4	2025	2025	NUM
easat-8251	370	5	by	by	ADP
easat-8251	370	6	the	the	DET
easat-8251	370	7	authors	author	NOUN
easat-8251	370	8	.	.	PUNCT
easat-8251	371	1	this	this	DET
easat-8251	371	2	open	open	ADJ
easat-8251	371	3	-	-	PUNCT
easat-8251	371	4	access	access	NOUN
easat-8251	371	5	article	article	NOUN
easat-8251	371	6	is	be	AUX
easat-8251	371	7	distributed	distribute	VERB
easat-8251	371	8	under	under	ADP
easat-8251	371	9	the	the	DET
easat-8251	371	10	terms	term	NOUN
easat-8251	371	11	and	and	CCONJ
easat-8251	371	12	conditions	condition	NOUN
easat-8251	371	13	of	of	ADP
easat-8251	371	14	the	the	DET
easat-8251	371	15	creative	creative	ADJ
easat-8251	371	16	commons	common	NOUN
easat-8251	371	17	attribution	attribution	NOUN
easat-8251	371	18	(	(	PUNCT
easat-8251	371	19	cc	cc	NOUN
easat-8251	371	20	by	by	ADP
easat-8251	371	21	)	)	PUNCT
easat-8251	371	22	license	license	NOUN
easat-8251	371	23	(	(	PUNCT
easat-8251	371	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-8251	371	25	)	)	PUNCT
easat-8251	371	26	.	.	PUNCT
easat-8251	372	1	references	reference	NOUN
easat-8251	372	2	[	[	X
easat-8251	372	3	1	1	X
easat-8251	372	4	]	]	PUNCT
easat-8251	372	5	v.	v.	CCONJ
easat-8251	372	6	chi	chi	PROPN
easat-8251	372	7	dung	dung	PROPN
easat-8251	372	8	,	,	PUNCT
easat-8251	372	9	"	"	PUNCT
easat-8251	372	10	upgrading	upgrade	VERB
easat-8251	372	11	the	the	DET
easat-8251	372	12	vietnamese	vietnamese	ADJ
easat-8251	372	13	stock	stock	NOUN
easat-8251	372	14	market	market	NOUN
easat-8251	372	15	from	from	ADP
easat-8251	372	16	a	a	DET
easat-8251	372	17	frontier	frontier	NOUN
easat-8251	372	18	market	market	NOUN
easat-8251	372	19	to	to	ADP
easat-8251	372	20	an	an	DET
easat-8251	372	21	emerging	emerge	VERB
easat-8251	372	22	market	market	NOUN
easat-8251	372	23	,	,	PUNCT
easat-8251	372	24	"	"	PUNCT
easat-8251	372	25	journal	journal	NOUN
easat-8251	372	26	of	of	ADP
easat-8251	372	27	finance	finance	NOUN
easat-8251	372	28	online	online	ADV
easat-8251	372	29	,	,	PUNCT
easat-8251	372	30	vol	vol	NOUN
easat-8251	372	31	.	.	PROPN
easat-8251	372	32	12	12	NUM
easat-8251	372	33	,	,	PUNCT
easat-8251	372	34	no	no	INTJ
easat-8251	372	35	.	.	NOUN
easat-8251	372	36	1	1	NUM
easat-8251	372	37	,	,	PUNCT
easat-8251	372	38	pp	pp	ADJ
easat-8251	372	39	.	.	PUNCT
easat-8251	373	1	45–58	45–58	NUM
easat-8251	373	2	,	,	PUNCT
easat-8251	373	3	2024	2024	NUM
easat-8251	373	4	.	.	PUNCT
easat-8251	374	1	[	[	X
easat-8251	374	2	2	2	NUM
easat-8251	374	3	]	]	PUNCT
easat-8251	374	4	guotai	guotai	PROPN
easat-8251	374	5	junan	junan	PROPN
easat-8251	374	6	securities	securities	PROPN
easat-8251	374	7	,	,	PUNCT
easat-8251	374	8	security	security	NOUN
easat-8251	374	9	services	service	NOUN
easat-8251	374	10	sector	sector	NOUN
easat-8251	374	11	report	report	NOUN
easat-8251	374	12	.	.	PUNCT
easat-8251	375	1	shanghai	shanghai	PROPN
easat-8251	375	2	,	,	PUNCT
easat-8251	375	3	china	china	PROPN
easat-8251	375	4	:	:	PUNCT
easat-8251	375	5	guotai	guotai	PROPN
easat-8251	375	6	junan	junan	PROPN
easat-8251	375	7	securities	security	NOUN
easat-8251	375	8	,	,	PUNCT
easat-8251	375	9	2024	2024	NUM
easat-8251	375	10	.	.	PUNCT
easat-8251	376	1	[	[	X
easat-8251	376	2	3	3	X
easat-8251	376	3	]	]	PUNCT
easat-8251	376	4	t.	t.	PROPN
easat-8251	376	5	b.	b.	PROPN
easat-8251	376	6	n.	n.	PROPN
easat-8251	376	7	le	le	PROPN
easat-8251	376	8	,	,	PUNCT
easat-8251	376	9	"	"	PUNCT
easat-8251	376	10	the	the	DET
easat-8251	376	11	impact	impact	NOUN
easat-8251	376	12	of	of	ADP
easat-8251	376	13	fintech	fintech	NOUN
easat-8251	376	14	on	on	ADP
easat-8251	376	15	the	the	DET
easat-8251	376	16	business	business	NOUN
easat-8251	376	17	performance	performance	NOUN
easat-8251	376	18	of	of	ADP
easat-8251	376	19	securities	security	NOUN
easat-8251	376	20	companies	company	NOUN
easat-8251	376	21	in	in	ADP
easat-8251	376	22	vietnam	vietnam	PROPN
easat-8251	376	23	,	,	PUNCT
easat-8251	376	24	"	"	PUNCT
easat-8251	376	25	journal	journal	NOUN
easat-8251	376	26	of	of	ADP
easat-8251	376	27	economics	economic	NOUN
easat-8251	376	28	–	–	PUNCT
easat-8251	376	29	law	law	NOUN
easat-8251	376	30	and	and	CCONJ
easat-8251	376	31	banking	banking	NOUN
easat-8251	376	32	,	,	PUNCT
easat-8251	376	33	vol	vol	NOUN
easat-8251	376	34	.	.	PROPN
easat-8251	376	35	266	266	NUM
easat-8251	376	36	,	,	PUNCT
easat-8251	376	37	no	no	INTJ
easat-8251	376	38	.	.	NOUN
easat-8251	376	39	7	7	NUM
easat-8251	376	40	,	,	PUNCT
easat-8251	376	41	pp	pp	ADJ
easat-8251	376	42	.	.	PUNCT
easat-8251	377	1	154–165	154–165	NUM
easat-8251	377	2	,	,	PUNCT
easat-8251	377	3	2024	2024	NUM
easat-8251	377	4	.	.	PUNCT
easat-8251	378	1	[	[	X
easat-8251	378	2	4	4	X
easat-8251	378	3	]	]	PUNCT
easat-8251	378	4	t.	t.	PROPN
easat-8251	378	5	x.	x.	PROPN
easat-8251	378	6	a.	a.	PROPN
easat-8251	378	7	tran	tran	PROPN
easat-8251	378	8	,	,	PUNCT
easat-8251	378	9	"	"	PUNCT
easat-8251	378	10	the	the	DET
easat-8251	378	11	financial	financial	ADJ
easat-8251	378	12	safety	safety	NOUN
easat-8251	378	13	of	of	ADP
easat-8251	378	14	securities	security	NOUN
easat-8251	378	15	companies	company	NOUN
easat-8251	378	16	in	in	ADP
easat-8251	378	17	vietnam	vietnam	PROPN
easat-8251	378	18	in	in	ADP
easat-8251	378	19	recent	recent	ADJ
easat-8251	378	20	years	year	NOUN
easat-8251	378	21	,	,	PUNCT
easat-8251	378	22	"	"	PUNCT
easat-8251	378	23	banking	banking	NOUN
easat-8251	378	24	,	,	PUNCT
easat-8251	378	25	vol	vol	NOUN
easat-8251	378	26	.	.	PROPN
easat-8251	378	27	6	6	NUM
easat-8251	378	28	,	,	PUNCT
easat-8251	378	29	pp	pp	ADJ
easat-8251	378	30	.	.	PUNCT
easat-8251	379	1	35–40	35–40	NUM
easat-8251	379	2	,	,	PUNCT
easat-8251	379	3	2014	2014	NUM
easat-8251	379	4	.	.	PUNCT
easat-8251	380	1	[	[	X
easat-8251	380	2	5	5	X
easat-8251	380	3	]	]	PUNCT
easat-8251	380	4	v.	v.	ADP
easat-8251	380	5	h.	h.	PROPN
easat-8251	380	6	tran	tran	PROPN
easat-8251	380	7	,	,	PUNCT
easat-8251	380	8	"	"	PUNCT
easat-8251	380	9	enterprise	enterprise	NOUN
easat-8251	380	10	factors	factor	NOUN
easat-8251	380	11	affecting	affect	VERB
easat-8251	380	12	securities	security	NOUN
easat-8251	380	13	company	company	NOUN
easat-8251	380	14	’s	’s	PART
easat-8251	380	15	profitability	profitability	NOUN
easat-8251	380	16	:	:	PUNCT
easat-8251	380	17	experimental	experimental	ADJ
easat-8251	380	18	research	research	NOUN
easat-8251	380	19	in	in	ADP
easat-8251	380	20	vietnam	vietnam	PROPN
easat-8251	380	21	,	,	PUNCT
easat-8251	380	22	"	"	PUNCT
easat-8251	380	23	in	in	ADP
easat-8251	380	24	proceedings	proceeding	NOUN
easat-8251	380	25	of	of	ADP
easat-8251	380	26	the	the	DET
easat-8251	380	27	4th	4th	ADJ
easat-8251	380	28	international	international	ADJ
easat-8251	380	29	conference	conference	NOUN
easat-8251	380	30	on	on	ADP
easat-8251	380	31	contemporary	contemporary	ADJ
easat-8251	380	32	issues	issue	NOUN
easat-8251	380	33	in	in	ADP
easat-8251	380	34	economics	economic	NOUN
easat-8251	380	35	,	,	PUNCT
easat-8251	380	36	management	management	NOUN
easat-8251	380	37	and	and	CCONJ
easat-8251	380	38	business	business	NOUN
easat-8251	380	39	.	.	PUNCT
easat-8251	381	1	national	national	ADJ
easat-8251	381	2	economics	economics	PROPN
easat-8251	381	3	university	university	PROPN
easat-8251	381	4	,	,	PUNCT
easat-8251	381	5	hanoi	hanoi	PROPN
easat-8251	381	6	,	,	PUNCT
easat-8251	381	7	2021	2021	NUM
easat-8251	381	8	.	.	PUNCT
easat-8251	382	1	[	[	X
easat-8251	382	2	6	6	NUM
easat-8251	382	3	]	]	PUNCT
easat-8251	382	4	c.	c.	PROPN
easat-8251	382	5	m.	m.	PROPN
easat-8251	382	6	tien	tien	PROPN
easat-8251	382	7	,	,	PUNCT
easat-8251	382	8	"	"	PUNCT
easat-8251	382	9	the	the	DET
easat-8251	382	10	relationship	relationship	NOUN
easat-8251	382	11	between	between	ADP
easat-8251	382	12	capital	capital	NOUN
easat-8251	382	13	structure	structure	NOUN
easat-8251	382	14	and	and	CCONJ
easat-8251	382	15	performance	performance	NOUN
easat-8251	382	16	of	of	ADP
easat-8251	382	17	securities	security	NOUN
easat-8251	382	18	brokerage	brokerage	NOUN
easat-8251	382	19	firms	firm	NOUN
easat-8251	382	20	–	–	PUNCT
easat-8251	382	21	a	a	DET
easat-8251	382	22	case	case	NOUN
easat-8251	382	23	study	study	NOUN
easat-8251	382	24	in	in	ADP
easat-8251	382	25	vietnam	vietnam	PROPN
easat-8251	382	26	,	,	PUNCT
easat-8251	382	27	"	"	PUNCT
easat-8251	382	28	international	international	ADJ
easat-8251	382	29	journal	journal	NOUN
easat-8251	382	30	of	of	ADP
easat-8251	382	31	professional	professional	PROPN
easat-8251	382	32	business	business	PROPN
easat-8251	382	33	review	review	PROPN
easat-8251	382	34	,	,	PUNCT
easat-8251	382	35	vol	vol	NOUN
easat-8251	382	36	.	.	PROPN
easat-8251	382	37	8	8	NUM
easat-8251	382	38	,	,	PUNCT
easat-8251	382	39	no	no	INTJ
easat-8251	382	40	.	.	NOUN
easat-8251	382	41	1	1	NUM
easat-8251	382	42	,	,	PUNCT
easat-8251	382	43	pp	pp	ADJ
easat-8251	382	44	.	.	PUNCT
easat-8251	383	1	1	1	NUM
easat-8251	383	2	-	-	SYM
easat-8251	383	3	15	15	NUM
easat-8251	383	4	,	,	PUNCT
easat-8251	383	5	2023	2023	NUM
easat-8251	383	6	.	.	PUNCT
easat-8251	384	1	[	[	X
easat-8251	384	2	7	7	X
easat-8251	384	3	]	]	X
easat-8251	384	4	h.	h.	PROPN
easat-8251	384	5	i.	i.	PROPN
easat-8251	384	6	ansoff	ansoff	PROPN
easat-8251	384	7	,	,	PUNCT
easat-8251	384	8	"	"	PUNCT
easat-8251	384	9	strategies	strategy	NOUN
easat-8251	384	10	for	for	ADP
easat-8251	384	11	diversification	diversification	NOUN
easat-8251	384	12	,	,	PUNCT
easat-8251	384	13	"	"	PUNCT
easat-8251	384	14	harvard	harvard	PROPN
easat-8251	384	15	business	business	PROPN
easat-8251	384	16	review	review	PROPN
easat-8251	384	17	,	,	PUNCT
easat-8251	384	18	vol	vol	NOUN
easat-8251	384	19	.	.	PROPN
easat-8251	384	20	35	35	NUM
easat-8251	384	21	,	,	PUNCT
easat-8251	384	22	no	no	INTJ
easat-8251	384	23	.	.	NOUN
easat-8251	384	24	5	5	NUM
easat-8251	384	25	,	,	PUNCT
easat-8251	384	26	pp	pp	ADJ
easat-8251	384	27	.	.	PUNCT
easat-8251	385	1	113	113	NUM
easat-8251	385	2	-	-	SYM
easat-8251	385	3	124	124	NUM
easat-8251	385	4	,	,	PUNCT
easat-8251	385	5	1957	1957	NUM
easat-8251	385	6	.	.	PUNCT
easat-8251	386	1	[	[	X
easat-8251	386	2	8	8	X
easat-8251	386	3	]	]	PUNCT
easat-8251	386	4	j.	j.	PROPN
easat-8251	386	5	barney	barney	PROPN
easat-8251	386	6	,	,	PUNCT
easat-8251	386	7	"	"	PUNCT
easat-8251	386	8	firm	firm	ADJ
easat-8251	386	9	resources	resource	NOUN
easat-8251	386	10	and	and	CCONJ
easat-8251	386	11	sustained	sustain	VERB
easat-8251	386	12	competitive	competitive	ADJ
easat-8251	386	13	advantage	advantage	NOUN
easat-8251	386	14	,	,	PUNCT
easat-8251	386	15	"	"	PUNCT
easat-8251	386	16	journal	journal	NOUN
easat-8251	386	17	of	of	ADP
easat-8251	386	18	management	management	NOUN
easat-8251	386	19	,	,	PUNCT
easat-8251	386	20	vol	vol	NOUN
easat-8251	386	21	.	.	PROPN
easat-8251	386	22	17	17	NUM
easat-8251	386	23	,	,	PUNCT
easat-8251	386	24	no	no	INTJ
easat-8251	386	25	.	.	NOUN
easat-8251	386	26	1	1	NUM
easat-8251	386	27	,	,	PUNCT
easat-8251	386	28	pp	pp	ADJ
easat-8251	386	29	.	.	PUNCT
easat-8251	386	30	99	99	NUM
easat-8251	386	31	-	-	SYM
easat-8251	386	32	120	120	NUM
easat-8251	386	33	,	,	PUNCT
easat-8251	386	34	1991	1991	NUM
easat-8251	386	35	.	.	PUNCT
easat-8251	387	1	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	X
easat-8251	388	1	[	[	X
easat-8251	388	2	9	9	NUM
easat-8251	388	3	]	]	PUNCT
easat-8251	388	4	m.	m.	NOUN
easat-8251	388	5	e.	e.	PROPN
easat-8251	388	6	porter	porter	PROPN
easat-8251	388	7	,	,	PUNCT
easat-8251	388	8	competitive	competitive	ADJ
easat-8251	388	9	strategy	strategy	NOUN
easat-8251	388	10	:	:	PUNCT
easat-8251	388	11	techniques	technique	NOUN
easat-8251	388	12	for	for	ADP
easat-8251	388	13	analyzing	analyze	VERB
easat-8251	388	14	industries	industry	NOUN
easat-8251	388	15	and	and	CCONJ
easat-8251	388	16	competitors	competitor	NOUN
easat-8251	388	17	.	.	PUNCT
easat-8251	389	1	new	new	PROPN
easat-8251	389	2	york	york	PROPN
easat-8251	389	3	:	:	PUNCT
easat-8251	389	4	free	free	ADJ
easat-8251	389	5	press	press	NOUN
easat-8251	389	6	,	,	PUNCT
easat-8251	389	7	1980	1980	NUM
easat-8251	389	8	.	.	PUNCT
easat-8251	390	1	[	[	X
easat-8251	390	2	10	10	NUM
easat-8251	390	3	]	]	PUNCT
easat-8251	390	4	m.	m.	NOUN
easat-8251	390	5	c.	c.	PROPN
easat-8251	390	6	jensen	jensen	PROPN
easat-8251	390	7	and	and	CCONJ
easat-8251	390	8	w.	w.	PROPN
easat-8251	390	9	h.	h.	PROPN
easat-8251	390	10	meckling	meckling	PROPN
easat-8251	390	11	,	,	PUNCT
easat-8251	390	12	"	"	PUNCT
easat-8251	390	13	theory	theory	NOUN
easat-8251	390	14	of	of	ADP
easat-8251	390	15	the	the	DET
easat-8251	390	16	firm	firm	NOUN
easat-8251	390	17	:	:	PUNCT
easat-8251	390	18	managerial	managerial	ADJ
easat-8251	390	19	behavior	behavior	NOUN
easat-8251	390	20	,	,	PUNCT
easat-8251	390	21	agency	agency	NOUN
easat-8251	390	22	costs	cost	NOUN
easat-8251	390	23	and	and	CCONJ
easat-8251	390	24	ownership	ownership	NOUN
easat-8251	390	25	structure	structure	NOUN
easat-8251	390	26	,	,	PUNCT
easat-8251	390	27	"	"	PUNCT
easat-8251	390	28	journal	journal	NOUN
easat-8251	390	29	of	of	ADP
easat-8251	390	30	financial	financial	ADJ
easat-8251	390	31	economics	economic	NOUN
easat-8251	390	32	,	,	PUNCT
easat-8251	390	33	vol	vol	NOUN
easat-8251	390	34	.	.	PROPN
easat-8251	390	35	3	3	NUM
easat-8251	390	36	,	,	PUNCT
easat-8251	390	37	no	no	INTJ
easat-8251	390	38	.	.	NOUN
easat-8251	390	39	4	4	NUM
easat-8251	390	40	,	,	PUNCT
easat-8251	390	41	pp	pp	ADJ
easat-8251	390	42	.	.	PUNCT
easat-8251	391	1	305	305	NUM
easat-8251	391	2	-	-	SYM
easat-8251	391	3	360	360	NUM
easat-8251	391	4	,	,	PUNCT
easat-8251	391	5	1976	1976	NUM
easat-8251	391	6	.	.	PUNCT
easat-8251	392	1	[	[	X
easat-8251	392	2	11	11	NUM
easat-8251	392	3	]	]	X
easat-8251	392	4	t.	t.	PROPN
easat-8251	392	5	sohl	sohl	PROPN
easat-8251	392	6	,	,	PUNCT
easat-8251	392	7	b.	b.	PROPN
easat-8251	392	8	t.	t.	PROPN
easat-8251	392	9	mccann	mccann	PROPN
easat-8251	392	10	,	,	PUNCT
easat-8251	392	11	and	and	CCONJ
easat-8251	392	12	g.	g.	PROPN
easat-8251	392	13	vroom	vroom	NOUN
easat-8251	392	14	,	,	PUNCT
easat-8251	392	15	"	"	PUNCT
easat-8251	392	16	business	business	NOUN
easat-8251	392	17	model	model	NOUN
easat-8251	392	18	diversification	diversification	NOUN
easat-8251	392	19	:	:	PUNCT
easat-8251	392	20	demand	demand	NOUN
easat-8251	392	21	relatedness	relatedness	NOUN
easat-8251	392	22	,	,	PUNCT
easat-8251	392	23	entry	entry	NOUN
easat-8251	392	24	sequencing	sequencing	NOUN
easat-8251	392	25	,	,	PUNCT
easat-8251	392	26	and	and	CCONJ
easat-8251	392	27	curvilinearity	curvilinearity	NOUN
easat-8251	392	28	in	in	ADP
easat-8251	392	29	the	the	DET
easat-8251	392	30	diversification	diversification	NOUN
easat-8251	392	31	-	-	PUNCT
easat-8251	392	32	performance	performance	NOUN
easat-8251	392	33	relationship	relationship	NOUN
easat-8251	392	34	,	,	PUNCT
easat-8251	392	35	"	"	PUNCT
easat-8251	392	36	long	long	ADJ
easat-8251	392	37	range	range	NOUN
easat-8251	392	38	planning	planning	NOUN
easat-8251	392	39	,	,	PUNCT
easat-8251	392	40	vol	vol	NOUN
easat-8251	392	41	.	.	PROPN
easat-8251	392	42	55	55	NUM
easat-8251	392	43	,	,	PUNCT
easat-8251	392	44	no	no	INTJ
easat-8251	392	45	.	.	NOUN
easat-8251	392	46	6	6	NUM
easat-8251	392	47	,	,	PUNCT
easat-8251	392	48	p.	p.	NOUN
easat-8251	392	49	102215	102215	NUM
easat-8251	392	50	,	,	PUNCT
easat-8251	392	51	2022	2022	NUM
easat-8251	392	52	.	.	PUNCT
easat-8251	392	53	https://doi.org/10.1016/j.lrp.2022.102215	https://doi.org/10.1016/j.lrp.2022.102215	PROPN
easat-8251	393	1	[	[	X
easat-8251	393	2	12	12	NUM
easat-8251	393	3	]	]	X
easat-8251	393	4	r.	r.	PROPN
easat-8251	393	5	p.	p.	PROPN
easat-8251	393	6	rumelt	rumelt	PROPN
easat-8251	393	7	,	,	PUNCT
easat-8251	393	8	strategy	strategy	NOUN
easat-8251	393	9	,	,	PUNCT
easat-8251	393	10	structure	structure	NOUN
easat-8251	393	11	,	,	PUNCT
easat-8251	393	12	and	and	CCONJ
easat-8251	393	13	economic	economic	ADJ
easat-8251	393	14	performance	performance	NOUN
easat-8251	393	15	.	.	PUNCT
easat-8251	394	1	cambridge	cambridge	PROPN
easat-8251	394	2	,	,	PUNCT
easat-8251	394	3	ma	ma	PROPN
easat-8251	394	4	:	:	PUNCT
easat-8251	394	5	harvard	harvard	PROPN
easat-8251	394	6	university	university	PROPN
easat-8251	394	7	press	press	NOUN
easat-8251	394	8	,	,	PUNCT
easat-8251	394	9	1974	1974	NUM
easat-8251	394	10	.	.	PUNCT
easat-8251	395	1	[	[	X
easat-8251	395	2	13	13	NUM
easat-8251	395	3	]	]	X
easat-8251	395	4	c.	c.	PROPN
easat-8251	395	5	a.	a.	PROPN
easat-8251	395	6	montgomery	montgomery	PROPN
easat-8251	395	7	,	,	PUNCT
easat-8251	395	8	"	"	PUNCT
easat-8251	395	9	corporate	corporate	ADJ
easat-8251	395	10	diversification	diversification	NOUN
easat-8251	395	11	,	,	PUNCT
easat-8251	395	12	"	"	PUNCT
easat-8251	395	13	journal	journal	NOUN
easat-8251	395	14	of	of	ADP
easat-8251	395	15	economic	economic	ADJ
easat-8251	395	16	perspectives	perspective	NOUN
easat-8251	395	17	,	,	PUNCT
easat-8251	395	18	vol	vol	NOUN
easat-8251	395	19	.	.	PROPN
easat-8251	395	20	8	8	NUM
easat-8251	395	21	,	,	PUNCT
easat-8251	395	22	no	no	INTJ
easat-8251	395	23	.	.	NOUN
easat-8251	395	24	3	3	NUM
easat-8251	395	25	,	,	PUNCT
easat-8251	395	26	pp	pp	ADJ
easat-8251	395	27	.	.	PUNCT
easat-8251	396	1	163	163	NUM
easat-8251	396	2	-	-	SYM
easat-8251	396	3	178	178	NUM
easat-8251	396	4	,	,	PUNCT
easat-8251	396	5	1994	1994	NUM
easat-8251	396	6	.	.	PUNCT
easat-8251	397	1	https://doi.org/10.1257/jep.8.3.163	https://doi.org/10.1257/jep.8.3.163	PRON
easat-8251	398	1	[	[	X
easat-8251	398	2	14	14	NUM
easat-8251	398	3	]	]	X
easat-8251	398	4	h.	h.	PROPN
easat-8251	398	5	le	le	PROPN
easat-8251	398	6	,	,	PUNCT
easat-8251	398	7	"	"	PUNCT
easat-8251	398	8	literature	literature	NOUN
easat-8251	398	9	review	review	NOUN
easat-8251	398	10	on	on	ADP
easat-8251	398	11	diversification	diversification	NOUN
easat-8251	398	12	strategy	strategy	NOUN
easat-8251	398	13	,	,	PUNCT
easat-8251	398	14	enterprise	enterprise	NOUN
easat-8251	398	15	core	core	NOUN
easat-8251	398	16	competence	competence	NOUN
easat-8251	398	17	and	and	CCONJ
easat-8251	398	18	enterprise	enterprise	NOUN
easat-8251	398	19	performance	performance	NOUN
easat-8251	398	20	,	,	PUNCT
easat-8251	398	21	"	"	PUNCT
easat-8251	398	22	american	american	ADJ
easat-8251	398	23	journal	journal	PROPN
easat-8251	398	24	of	of	ADP
easat-8251	398	25	industrial	industrial	ADJ
easat-8251	398	26	and	and	CCONJ
easat-8251	398	27	business	business	NOUN
easat-8251	398	28	management	management	NOUN
easat-8251	398	29	,	,	PUNCT
easat-8251	398	30	vol	vol	NOUN
easat-8251	398	31	.	.	PROPN
easat-8251	398	32	9	9	NUM
easat-8251	398	33	,	,	PUNCT
easat-8251	398	34	no	no	INTJ
easat-8251	398	35	.	.	NOUN
easat-8251	398	36	1	1	NUM
easat-8251	398	37	,	,	PUNCT
easat-8251	398	38	pp	pp	ADJ
easat-8251	398	39	.	.	PUNCT
easat-8251	399	1	91	91	NUM
easat-8251	399	2	-	-	SYM
easat-8251	399	3	108	108	NUM
easat-8251	399	4	,	,	PUNCT
easat-8251	399	5	2019	2019	NUM
easat-8251	399	6	.	.	PUNCT
easat-8251	400	1	https://doi.org/10.4236/ajibm.2019.91008	https://doi.org/10.4236/ajibm.2019.91008	PROPN
easat-8251	401	1	[	[	X
easat-8251	401	2	15	15	NUM
easat-8251	401	3	]	]	X
easat-8251	401	4	s.	s.	PROPN
easat-8251	401	5	m.	m.	PROPN
easat-8251	401	6	alali	alali	PROPN
easat-8251	401	7	,	,	PUNCT
easat-8251	401	8	g.	g.	PROPN
easat-8251	401	9	n.	n.	PROPN
easat-8251	401	10	shawaqfeh	shawaqfeh	PROPN
easat-8251	401	11	,	,	PUNCT
easat-8251	401	12	and	and	CCONJ
easat-8251	401	13	m.	m.	NOUN
easat-8251	401	14	a.	a.	NOUN
easat-8251	401	15	almomani	almomani	PROPN
easat-8251	401	16	,	,	PUNCT
easat-8251	401	17	"	"	PUNCT
easat-8251	401	18	bank	bank	NOUN
easat-8251	401	19	profitability	profitability	NOUN
easat-8251	401	20	indicators	indicator	NOUN
easat-8251	401	21	in	in	ADP
easat-8251	401	22	the	the	DET
easat-8251	401	23	context	context	NOUN
easat-8251	401	24	of	of	ADP
easat-8251	401	25	modern	modern	ADJ
easat-8251	401	26	technology	technology	NOUN
easat-8251	401	27	:	:	PUNCT
easat-8251	401	28	a	a	DET
easat-8251	401	29	comparative	comparative	ADJ
easat-8251	401	30	study	study	NOUN
easat-8251	401	31	of	of	ADP
easat-8251	401	32	commercial	commercial	ADJ
easat-8251	401	33	and	and	CCONJ
easat-8251	401	34	islamic	islamic	ADJ
easat-8251	401	35	banks	bank	NOUN
easat-8251	401	36	,	,	PUNCT
easat-8251	401	37	"	"	PUNCT
easat-8251	401	38	journal	journal	NOUN
easat-8251	401	39	of	of	ADP
easat-8251	401	40	banking	banking	NOUN
easat-8251	401	41	and	and	CCONJ
easat-8251	401	42	finance	finance	NOUN
easat-8251	401	43	,	,	PUNCT
easat-8251	401	44	vol	vol	NOUN
easat-8251	401	45	.	.	PROPN
easat-8251	402	1	45	45	NUM
easat-8251	402	2	,	,	PUNCT
easat-8251	402	3	no	no	INTJ
easat-8251	402	4	.	.	NOUN
easat-8251	402	5	3	3	NUM
easat-8251	402	6	,	,	PUNCT
easat-8251	402	7	pp	pp	ADJ
easat-8251	402	8	.	.	PUNCT
easat-8251	403	1	123–140	123–140	NUM
easat-8251	403	2	,	,	PUNCT
easat-8251	403	3	2023	2023	NUM
easat-8251	403	4	.	.	PUNCT
easat-8251	404	1	[	[	X
easat-8251	404	2	16	16	NUM
easat-8251	404	3	]	]	PUNCT
easat-8251	404	4	a.	a.	NOUN
easat-8251	404	5	bhimani	bhimani	PROPN
easat-8251	404	6	,	,	PUNCT
easat-8251	404	7	accounting	accounting	NOUN
easat-8251	404	8	disrupted	disrupt	VERB
easat-8251	404	9	:	:	PUNCT
easat-8251	404	10	how	how	SCONJ
easat-8251	404	11	digitalization	digitalization	NOUN
easat-8251	404	12	is	be	AUX
easat-8251	404	13	changing	change	VERB
easat-8251	404	14	finance	finance	NOUN
easat-8251	404	15	.	.	PUNCT
easat-8251	405	1	hoboken	hoboken	PROPN
easat-8251	405	2	,	,	PUNCT
easat-8251	405	3	nj	nj	PROPN
easat-8251	405	4	:	:	PUNCT
easat-8251	405	5	john	john	PROPN
easat-8251	405	6	wiley	wiley	PROPN
easat-8251	405	7	&	&	CCONJ
easat-8251	405	8	sons	son	NOUN
easat-8251	405	9	,	,	PUNCT
easat-8251	405	10	2021	2021	NUM
easat-8251	405	11	.	.	PUNCT
easat-8251	406	1	[	[	X
easat-8251	406	2	17	17	NUM
easat-8251	406	3	]	]	X
easat-8251	406	4	c.-c	c.-c	PROPN
easat-8251	406	5	.	.	PUNCT
easat-8251	407	1	lee	lee	PROPN
easat-8251	407	2	,	,	PUNCT
easat-8251	407	3	m.-f	m.-f	PROPN
easat-8251	407	4	.	.	PUNCT
easat-8251	408	1	hsieh	hsieh	PROPN
easat-8251	408	2	,	,	PUNCT
easat-8251	408	3	and	and	CCONJ
easat-8251	408	4	s.-j	s.-j	PROPN
easat-8251	408	5	.	.	PUNCT
easat-8251	409	1	yang	yang	PROPN
easat-8251	409	2	,	,	PUNCT
easat-8251	409	3	"	"	PUNCT
easat-8251	409	4	the	the	DET
easat-8251	409	5	relationship	relationship	NOUN
easat-8251	409	6	between	between	ADP
easat-8251	409	7	revenue	revenue	NOUN
easat-8251	409	8	diversification	diversification	NOUN
easat-8251	409	9	and	and	CCONJ
easat-8251	409	10	bank	bank	NOUN
easat-8251	409	11	performance	performance	NOUN
easat-8251	409	12	:	:	PUNCT
easat-8251	409	13	do	do	VERB
easat-8251	409	14	financial	financial	ADJ
easat-8251	409	15	structures	structure	NOUN
easat-8251	409	16	and	and	CCONJ
easat-8251	409	17	financial	financial	ADJ
easat-8251	409	18	reforms	reform	NOUN
easat-8251	409	19	matter	matter	VERB
easat-8251	409	20	?	?	PUNCT
easat-8251	409	21	,	,	PUNCT
easat-8251	409	22	"	"	PUNCT
easat-8251	409	23	japan	japan	PROPN
easat-8251	409	24	and	and	CCONJ
easat-8251	409	25	the	the	DET
easat-8251	409	26	world	world	NOUN
easat-8251	409	27	economy	economy	NOUN
easat-8251	409	28	,	,	PUNCT
easat-8251	409	29	vol	vol	NOUN
easat-8251	409	30	.	.	PROPN
easat-8251	409	31	29	29	NUM
easat-8251	409	32	,	,	PUNCT
easat-8251	409	33	pp	pp	ADJ
easat-8251	409	34	.	.	PUNCT
easat-8251	410	1	18	18	NUM
easat-8251	410	2	-	-	SYM
easat-8251	410	3	35	35	NUM
easat-8251	410	4	,	,	PUNCT
easat-8251	410	5	2014	2014	NUM
easat-8251	410	6	.	.	PUNCT
easat-8251	411	1	https://doi.org/10.1016/j.japwor.2013.11.002	https://doi.org/10.1016/j.japwor.2013.11.002	PROPN
easat-8251	411	2	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-8251	411	3	https://doi.org/10.1177/014920639101700108	https://doi.org/10.1177/014920639101700108	NUM
easat-8251	411	4	https://doi.org/10.1016/j.lrp.2022.102215	https://doi.org/10.1016/j.lrp.2022.102215	PROPN
easat-8251	412	1	https://doi.org/10.1257/jep.8.3.163	https://doi.org/10.1257/jep.8.3.163	PROPN
easat-8251	412	2	https://doi.org/10.4236/ajibm.2019.91008	https://doi.org/10.4236/ajibm.2019.91008	PROPN
easat-8251	412	3	https://doi.org/10.1016/j.japwor.2013.11.002	https://doi.org/10.1016/j.japwor.2013.11.002	VERB
easat-8251	412	4	1873	1873	NUM
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easat-8251	412	8	and	and	CCONJ
easat-8251	412	9	technology	technology	NOUN
easat-8251	412	10	issn	issn	PROPN
easat-8251	412	11	:	:	PUNCT
easat-8251	412	12	2576	2576	NUM
easat-8251	412	13	-	-	SYM
easat-8251	412	14	8484	8484	NUM
easat-8251	412	15	vol	vol	NOUN
easat-8251	412	16	.	.	PROPN
easat-8251	413	1	9	9	NUM
easat-8251	413	2	,	,	PUNCT
easat-8251	413	3	no	no	INTJ
easat-8251	413	4	.	.	NOUN
easat-8251	413	5	6	6	NUM
easat-8251	413	6	:	:	SYM
easat-8251	413	7	1862	1862	NUM
easat-8251	413	8	-	-	SYM
easat-8251	413	9	1874	1874	NUM
easat-8251	413	10	,	,	PUNCT
easat-8251	413	11	2025	2025	NUM
easat-8251	413	12	doi	doi	NOUN
easat-8251	413	13	:	:	PUNCT
easat-8251	413	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	413	15	©	©	PROPN
easat-8251	413	16	2025	2025	NUM
easat-8251	413	17	by	by	ADP
easat-8251	413	18	the	the	DET
easat-8251	413	19	authors	author	NOUN
easat-8251	413	20	;	;	PUNCT
easat-8251	413	21	licensee	licensee	PROPN
easat-8251	413	22	learning	learning	NOUN
easat-8251	413	23	gate	gate	NOUN
easat-8251	414	1	[	[	X
easat-8251	414	2	18	18	NUM
easat-8251	414	3	]	]	X
easat-8251	414	4	d.	d.	PROPN
easat-8251	414	5	kenyoru	kenyoru	PROPN
easat-8251	414	6	,	,	PUNCT
easat-8251	414	7	g.	g.	PROPN
easat-8251	414	8	chumba	chumba	PROPN
easat-8251	414	9	,	,	PUNCT
easat-8251	414	10	s.	s.	PROPN
easat-8251	414	11	chumba	chumba	PROPN
easat-8251	414	12	,	,	PUNCT
easat-8251	414	13	m.	m.	NOUN
easat-8251	414	14	finance	finance	NOUN
easat-8251	414	15	,	,	PUNCT
easat-8251	414	16	and	and	CCONJ
easat-8251	414	17	s.	s.	PROPN
easat-8251	414	18	c.	c.	PROPN
easat-8251	414	19	rotich	rotich	PROPN
easat-8251	414	20	,	,	PUNCT
easat-8251	414	21	"	"	PUNCT
easat-8251	414	22	effect	effect	NOUN
easat-8251	414	23	of	of	ADP
easat-8251	414	24	product	product	NOUN
easat-8251	414	25	diversification	diversification	NOUN
easat-8251	414	26	on	on	ADP
easat-8251	414	27	financial	financial	ADJ
easat-8251	414	28	performance	performance	NOUN
easat-8251	414	29	of	of	ADP
easat-8251	414	30	selected	select	VERB
easat-8251	414	31	banks	bank	NOUN
easat-8251	414	32	in	in	ADP
easat-8251	414	33	kericho	kericho	PROPN
easat-8251	414	34	town	town	NOUN
easat-8251	414	35	,	,	PUNCT
easat-8251	414	36	"	"	PUNCT
easat-8251	414	37	european	european	ADJ
easat-8251	414	38	journal	journal	PROPN
easat-8251	414	39	of	of	ADP
easat-8251	414	40	business	business	NOUN
easat-8251	414	41	and	and	CCONJ
easat-8251	414	42	management	management	NOUN
easat-8251	414	43	,	,	PUNCT
easat-8251	414	44	vol	vol	NOUN
easat-8251	414	45	.	.	PROPN
easat-8251	414	46	8	8	NUM
easat-8251	414	47	,	,	PUNCT
easat-8251	414	48	no	no	INTJ
easat-8251	414	49	.	.	NOUN
easat-8251	414	50	22	22	NUM
easat-8251	414	51	,	,	PUNCT
easat-8251	414	52	pp	pp	ADJ
easat-8251	414	53	.	.	PUNCT
easat-8251	414	54	126134	126134	NUM
easat-8251	414	55	,	,	PUNCT
easat-8251	414	56	2016	2016	NUM
easat-8251	414	57	.	.	PUNCT
easat-8251	415	1	[	[	X
easat-8251	415	2	19	19	NUM
easat-8251	415	3	]	]	X
easat-8251	415	4	s.	s.	PROPN
easat-8251	415	5	jouida	jouida	PROPN
easat-8251	415	6	,	,	PUNCT
easat-8251	415	7	h.	h.	PROPN
easat-8251	415	8	bouzgarrou	bouzgarrou	PROPN
easat-8251	415	9	,	,	PUNCT
easat-8251	415	10	and	and	CCONJ
easat-8251	415	11	s.	s.	PROPN
easat-8251	415	12	hellara	hellara	PROPN
easat-8251	415	13	,	,	PUNCT
easat-8251	415	14	"	"	PUNCT
easat-8251	415	15	the	the	DET
easat-8251	415	16	effects	effect	NOUN
easat-8251	415	17	of	of	ADP
easat-8251	415	18	activity	activity	NOUN
easat-8251	415	19	and	and	CCONJ
easat-8251	415	20	geographic	geographic	ADJ
easat-8251	415	21	diversification	diversification	NOUN
easat-8251	415	22	on	on	ADP
easat-8251	415	23	performance	performance	NOUN
easat-8251	415	24	:	:	PUNCT
easat-8251	415	25	evidence	evidence	NOUN
easat-8251	415	26	from	from	ADP
easat-8251	415	27	french	french	ADJ
easat-8251	415	28	financial	financial	ADJ
easat-8251	415	29	institutions	institution	NOUN
easat-8251	415	30	,	,	PUNCT
easat-8251	415	31	"	"	PUNCT
easat-8251	415	32	research	research	NOUN
easat-8251	415	33	in	in	ADP
easat-8251	415	34	international	international	ADJ
easat-8251	415	35	business	business	NOUN
easat-8251	415	36	and	and	CCONJ
easat-8251	415	37	finance	finance	NOUN
easat-8251	415	38	,	,	PUNCT
easat-8251	415	39	vol	vol	NOUN
easat-8251	415	40	.	.	PROPN
easat-8251	415	41	39	39	NUM
easat-8251	415	42	,	,	PUNCT
easat-8251	415	43	pp	pp	ADJ
easat-8251	415	44	.	.	PUNCT
easat-8251	416	1	920	920	NUM
easat-8251	416	2	-	-	SYM
easat-8251	416	3	939	939	NUM
easat-8251	416	4	,	,	PUNCT
easat-8251	416	5	2017	2017	NUM
easat-8251	416	6	.	.	PUNCT
easat-8251	417	1	https://doi.org/10.1016/j.ribaf.2016.01.028	https://doi.org/10.1016/j.ribaf.2016.01.028	NOUN
easat-8251	418	1	[	[	X
easat-8251	418	2	20	20	NUM
easat-8251	418	3	]	]	PUNCT
easat-8251	418	4	s.	s.	PROPN
easat-8251	418	5	ali	ali	PROPN
easat-8251	418	6	,	,	PUNCT
easat-8251	418	7	s.	s.	PROPN
easat-8251	418	8	haider	haider	PROPN
easat-8251	418	9	hashmi	hashmi	PROPN
easat-8251	418	10	,	,	PUNCT
easat-8251	418	11	and	and	CCONJ
easat-8251	418	12	t.	t.	PROPN
easat-8251	418	13	mehmood	mehmood	PROPN
easat-8251	418	14	,	,	PUNCT
easat-8251	418	15	"	"	PUNCT
easat-8251	418	16	corporate	corporate	ADJ
easat-8251	418	17	diversification	diversification	NOUN
easat-8251	418	18	and	and	CCONJ
easat-8251	418	19	firm	firm	ADJ
easat-8251	418	20	performance	performance	NOUN
easat-8251	418	21	:	:	PUNCT
easat-8251	418	22	an	an	DET
easat-8251	418	23	inverted	invert	VERB
easat-8251	418	24	u	u	ADJ
easat-8251	418	25	-	-	ADJ
easat-8251	418	26	shaped	shape	VERB
easat-8251	418	27	hypothesis	hypothesis	NOUN
easat-8251	418	28	,	,	PUNCT
easat-8251	418	29	"	"	PUNCT
easat-8251	418	30	international	international	ADJ
easat-8251	418	31	journal	journal	NOUN
easat-8251	418	32	of	of	ADP
easat-8251	418	33	organizational	organizational	ADJ
easat-8251	418	34	leadership	leadership	NOUN
easat-8251	418	35	,	,	PUNCT
easat-8251	418	36	vol	vol	NOUN
easat-8251	418	37	.	.	PROPN
easat-8251	418	38	5	5	NUM
easat-8251	418	39	,	,	PUNCT
easat-8251	418	40	no	no	INTJ
easat-8251	418	41	.	.	NOUN
easat-8251	418	42	4	4	NUM
easat-8251	418	43	,	,	PUNCT
easat-8251	418	44	pp	pp	ADJ
easat-8251	418	45	.	.	PUNCT
easat-8251	419	1	393	393	NUM
easat-8251	419	2	-	-	SYM
easat-8251	419	3	410	410	NUM
easat-8251	419	4	,	,	PUNCT
easat-8251	419	5	2016	2016	NUM
easat-8251	419	6	.	.	PUNCT
easat-8251	420	1	[	[	X
easat-8251	420	2	21	21	NUM
easat-8251	420	3	]	]	X
easat-8251	420	4	e.	e.	PROPN
easat-8251	420	5	santarelli	santarelli	PROPN
easat-8251	420	6	and	and	CCONJ
easat-8251	420	7	h.	h.	PROPN
easat-8251	420	8	t.	t.	PROPN
easat-8251	420	9	tran	tran	PROPN
easat-8251	420	10	,	,	PUNCT
easat-8251	420	11	"	"	PUNCT
easat-8251	420	12	diversification	diversification	NOUN
easat-8251	420	13	strategies	strategy	NOUN
easat-8251	420	14	and	and	CCONJ
easat-8251	420	15	firm	firm	ADJ
easat-8251	420	16	performance	performance	NOUN
easat-8251	420	17	in	in	ADP
easat-8251	420	18	vietnam	vietnam	PROPN
easat-8251	420	19	:	:	PUNCT
easat-8251	420	20	evidence	evidence	NOUN
easat-8251	420	21	from	from	ADP
easat-8251	420	22	parametric	parametric	ADJ
easat-8251	420	23	and	and	CCONJ
easat-8251	420	24	semi‐parametric	semi‐parametric	ADJ
easat-8251	420	25	approaches	approach	NOUN
easat-8251	420	26	,	,	PUNCT
easat-8251	420	27	"	"	PUNCT
easat-8251	420	28	economics	economic	NOUN
easat-8251	420	29	of	of	ADP
easat-8251	420	30	transition	transition	NOUN
easat-8251	420	31	,	,	PUNCT
easat-8251	420	32	vol	vol	NOUN
easat-8251	420	33	.	.	PROPN
easat-8251	420	34	24	24	NUM
easat-8251	420	35	,	,	PUNCT
easat-8251	420	36	no	no	INTJ
easat-8251	420	37	.	.	NOUN
easat-8251	420	38	1	1	NUM
easat-8251	420	39	,	,	PUNCT
easat-8251	420	40	pp	pp	ADJ
easat-8251	420	41	.	.	PUNCT
easat-8251	421	1	31	31	NUM
easat-8251	421	2	-	-	SYM
easat-8251	421	3	68	68	NUM
easat-8251	421	4	,	,	PUNCT
easat-8251	421	5	2016	2016	NUM
easat-8251	421	6	.	.	PUNCT
easat-8251	421	7	https://doi.org/10.1111/ecot.12082	https://doi.org/10.1111/ecot.12082	PROPN
easat-8251	422	1	[	[	X
easat-8251	422	2	22	22	NUM
easat-8251	422	3	]	]	PUNCT
easat-8251	422	4	l.	l.	PROPN
easat-8251	422	5	nguyen	nguyen	PROPN
easat-8251	422	6	-	-	PUNCT
easat-8251	422	7	thi	thi	PROPN
easat-8251	422	8	-	-	PUNCT
easat-8251	422	9	huong	huong	PROPN
easat-8251	422	10	,	,	PUNCT
easat-8251	422	11	d.	d.	PROPN
easat-8251	422	12	van	van	PROPN
easat-8251	422	13	nguyen	nguyen	PROPN
easat-8251	422	14	,	,	PUNCT
easat-8251	422	15	and	and	CCONJ
easat-8251	422	16	l.	l.	PROPN
easat-8251	422	17	xuan	xuan	PROPN
easat-8251	422	18	tran	tran	PROPN
easat-8251	422	19	,	,	PUNCT
easat-8251	422	20	"	"	PUNCT
easat-8251	422	21	diversification	diversification	NOUN
easat-8251	422	22	,	,	PUNCT
easat-8251	422	23	government	government	NOUN
easat-8251	422	24	support	support	NOUN
easat-8251	422	25	,	,	PUNCT
easat-8251	422	26	and	and	CCONJ
easat-8251	422	27	firm	firm	ADJ
easat-8251	422	28	performance	performance	NOUN
easat-8251	422	29	,	,	PUNCT
easat-8251	422	30	"	"	PUNCT
easat-8251	422	31	cogent	cogent	NOUN
easat-8251	422	32	business	business	NOUN
easat-8251	422	33	&	&	CCONJ
easat-8251	422	34	management	management	PROPN
easat-8251	422	35	,	,	PUNCT
easat-8251	422	36	vol	vol	NOUN
easat-8251	422	37	.	.	PROPN
easat-8251	422	38	10	10	NUM
easat-8251	422	39	,	,	PUNCT
easat-8251	422	40	no	no	INTJ
easat-8251	422	41	.	.	NOUN
easat-8251	422	42	2	2	NUM
easat-8251	422	43	,	,	PUNCT
easat-8251	422	44	p.	p.	NOUN
easat-8251	422	45	2215072	2215072	NUM
easat-8251	422	46	,	,	PUNCT
easat-8251	422	47	2023	2023	NUM
easat-8251	422	48	.	.	PUNCT
easat-8251	423	1	https://doi.org/10.1080/23311975.2023.2215072	https://doi.org/10.1080/23311975.2023.2215072	NOUN
easat-8251	424	1	[	[	X
easat-8251	424	2	23	23	NUM
easat-8251	424	3	]	]	X
easat-8251	424	4	d.	d.	PROPN
easat-8251	424	5	t.	t.	PROPN
easat-8251	424	6	nguyen	nguyen	PROPN
easat-8251	424	7	,	,	PUNCT
easat-8251	424	8	t.	t.	PROPN
easat-8251	424	9	d.	d.	PROPN
easat-8251	424	10	le	le	PROPN
easat-8251	424	11	,	,	PUNCT
easat-8251	424	12	and	and	CCONJ
easat-8251	424	13	s.	s.	PROPN
easat-8251	424	14	h.	h.	PROPN
easat-8251	424	15	tran	tran	PROPN
easat-8251	424	16	,	,	PUNCT
easat-8251	424	17	"	"	PUNCT
easat-8251	424	18	the	the	DET
easat-8251	424	19	moderating	moderate	VERB
easat-8251	424	20	role	role	NOUN
easat-8251	424	21	of	of	ADP
easat-8251	424	22	income	income	NOUN
easat-8251	424	23	diversification	diversification	NOUN
easat-8251	424	24	on	on	ADP
easat-8251	424	25	the	the	DET
easat-8251	424	26	relationship	relationship	NOUN
easat-8251	424	27	between	between	ADP
easat-8251	424	28	intellectual	intellectual	ADJ
easat-8251	424	29	capital	capital	NOUN
easat-8251	424	30	and	and	CCONJ
easat-8251	424	31	bank	bank	NOUN
easat-8251	424	32	performance	performance	NOUN
easat-8251	424	33	evidence	evidence	NOUN
easat-8251	424	34	from	from	ADP
easat-8251	424	35	viet	viet	PROPN
easat-8251	424	36	nam	nam	PROPN
easat-8251	424	37	,	,	PUNCT
easat-8251	424	38	"	"	PUNCT
easat-8251	424	39	cogent	cogent	NOUN
easat-8251	424	40	business	business	NOUN
easat-8251	424	41	&	&	CCONJ
easat-8251	424	42	management	management	PROPN
easat-8251	424	43	,	,	PUNCT
easat-8251	424	44	vol	vol	NOUN
easat-8251	424	45	.	.	PROPN
easat-8251	425	1	10	10	NUM
easat-8251	425	2	,	,	PUNCT
easat-8251	425	3	no	no	INTJ
easat-8251	425	4	.	.	NOUN
easat-8251	425	5	1	1	NUM
easat-8251	425	6	,	,	PUNCT
easat-8251	425	7	p.	p.	NOUN
easat-8251	425	8	2182621	2182621	NUM
easat-8251	425	9	,	,	PUNCT
easat-8251	425	10	2023	2023	NUM
easat-8251	425	11	.	.	PUNCT
easat-8251	426	1	https://doi.org/10.1080/23311975.2023.2182621	https://doi.org/10.1080/23311975.2023.2182621	PUNCT
easat-8251	427	1	[	[	X
easat-8251	427	2	24	24	NUM
easat-8251	427	3	]	]	PUNCT
easat-8251	427	4	a.	a.	NOUN
easat-8251	427	5	jahera	jahera	PROPN
easat-8251	427	6	,	,	PUNCT
easat-8251	427	7	r.	r.	PROPN
easat-8251	427	8	lloyd	lloyd	PROPN
easat-8251	427	9	,	,	PUNCT
easat-8251	427	10	and	and	CCONJ
easat-8251	427	11	k.	k.	PROPN
easat-8251	427	12	page	page	NOUN
easat-8251	427	13	,	,	PUNCT
easat-8251	427	14	"	"	PUNCT
easat-8251	427	15	competitive	competitive	ADJ
easat-8251	427	16	strategy	strategy	NOUN
easat-8251	427	17	,	,	PUNCT
easat-8251	427	18	firm	firm	ADJ
easat-8251	427	19	performance	performance	NOUN
easat-8251	427	20	,	,	PUNCT
easat-8251	427	21	and	and	CCONJ
easat-8251	427	22	industry	industry	NOUN
easat-8251	427	23	structure	structure	NOUN
easat-8251	427	24	:	:	PUNCT
easat-8251	427	25	an	an	DET
easat-8251	427	26	empirical	empirical	ADJ
easat-8251	427	27	study	study	NOUN
easat-8251	427	28	,	,	PUNCT
easat-8251	427	29	"	"	PUNCT
easat-8251	427	30	management	management	NOUN
easat-8251	427	31	science	science	NOUN
easat-8251	427	32	,	,	PUNCT
easat-8251	427	33	vol	vol	NOUN
easat-8251	427	34	.	.	PROPN
easat-8251	428	1	33	33	NUM
easat-8251	428	2	,	,	PUNCT
easat-8251	428	3	no	no	INTJ
easat-8251	428	4	.	.	NOUN
easat-8251	428	5	11	11	NUM
easat-8251	428	6	,	,	PUNCT
easat-8251	428	7	pp	pp	ADJ
easat-8251	428	8	.	.	PUNCT
easat-8251	429	1	1397–1414	1397–1414	NUM
easat-8251	429	2	,	,	PUNCT
easat-8251	429	3	1987	1987	NUM
easat-8251	429	4	.	.	PUNCT
easat-8251	430	1	[	[	X
easat-8251	430	2	25	25	NUM
easat-8251	430	3	]	]	PUNCT
easat-8251	430	4	x.	x.	NOUN
easat-8251	430	5	gao	gao	PROPN
easat-8251	430	6	and	and	CCONJ
easat-8251	430	7	a.	a.	PROPN
easat-8251	430	8	s.	s.	PROPN
easat-8251	430	9	alarussi	alarussi	PROPN
easat-8251	430	10	,	,	PUNCT
easat-8251	430	11	"	"	PUNCT
easat-8251	430	12	determinants	determinant	NOUN
easat-8251	430	13	of	of	ADP
easat-8251	430	14	profitability	profitability	NOUN
easat-8251	430	15	in	in	ADP
easat-8251	430	16	chinese	chinese	ADJ
easat-8251	430	17	companies	company	NOUN
easat-8251	430	18	,	,	PUNCT
easat-8251	430	19	"	"	PUNCT
easat-8251	430	20	international	international	ADJ
easat-8251	430	21	journal	journal	NOUN
easat-8251	430	22	of	of	ADP
easat-8251	430	23	emerging	emerge	VERB
easat-8251	430	24	markets	market	NOUN
easat-8251	430	25	,	,	PUNCT
easat-8251	430	26	vol	vol	NOUN
easat-8251	430	27	.	.	PROPN
easat-8251	430	28	18	18	NUM
easat-8251	430	29	,	,	PUNCT
easat-8251	430	30	no	no	INTJ
easat-8251	430	31	.	.	NOUN
easat-8251	430	32	10	10	NUM
easat-8251	430	33	,	,	PUNCT
easat-8251	430	34	pp	pp	ADJ
easat-8251	430	35	.	.	PUNCT
easat-8251	431	1	4232–4251	4232–4251	NUM
easat-8251	431	2	,	,	PUNCT
easat-8251	431	3	2021	2021	NUM
easat-8251	431	4	.	.	PUNCT
easat-8251	432	1	https://doi.org/10.1108/ijoem-04-2021-0539	https://doi.org/10.1108/ijoem-04-2021-0539	NOUN
easat-8251	432	2	[	[	X
easat-8251	432	3	26	26	NUM
easat-8251	432	4	]	]	X
easat-8251	432	5	w.	w.	PROPN
easat-8251	432	6	m.	m.	PROPN
easat-8251	432	7	cohen	cohen	PROPN
easat-8251	432	8	and	and	CCONJ
easat-8251	432	9	s.	s.	PROPN
easat-8251	432	10	klepper	klepper	PROPN
easat-8251	432	11	,	,	PUNCT
easat-8251	432	12	"	"	PUNCT
easat-8251	432	13	firm	firm	ADJ
easat-8251	432	14	size	size	NOUN
easat-8251	432	15	and	and	CCONJ
easat-8251	432	16	the	the	DET
easat-8251	432	17	nature	nature	NOUN
easat-8251	432	18	of	of	ADP
easat-8251	432	19	innovation	innovation	NOUN
easat-8251	432	20	within	within	ADP
easat-8251	432	21	industries	industry	NOUN
easat-8251	432	22	:	:	PUNCT
easat-8251	432	23	the	the	DET
easat-8251	432	24	case	case	NOUN
easat-8251	432	25	of	of	ADP
easat-8251	432	26	process	process	NOUN
easat-8251	432	27	and	and	CCONJ
easat-8251	432	28	product	product	NOUN
easat-8251	432	29	r&d	r&d	NOUN
easat-8251	432	30	,	,	PUNCT
easat-8251	432	31	"	"	PUNCT
easat-8251	432	32	the	the	DET
easat-8251	432	33	review	review	NOUN
easat-8251	432	34	of	of	ADP
easat-8251	432	35	economics	economic	NOUN
easat-8251	432	36	and	and	CCONJ
easat-8251	432	37	statistics	statistic	NOUN
easat-8251	432	38	,	,	PUNCT
easat-8251	432	39	pp	pp	ADV
easat-8251	432	40	.	.	PUNCT
easat-8251	433	1	232	232	NUM
easat-8251	433	2	-	-	SYM
easat-8251	433	3	243	243	NUM
easat-8251	433	4	,	,	PUNCT
easat-8251	433	5	1996	1996	NUM
easat-8251	433	6	.	.	PUNCT
easat-8251	434	1	https://doi.org/10.2307/2109925	https://doi.org/10.2307/2109925	PRON
easat-8251	435	1	[	[	X
easat-8251	435	2	27	27	NUM
easat-8251	435	3	]	]	PUNCT
easat-8251	435	4	a.	a.	NOUN
easat-8251	435	5	de	de	NOUN
easat-8251	435	6	massis	massis	NOUN
easat-8251	435	7	,	,	PUNCT
easat-8251	435	8	d.	d.	PROPN
easat-8251	435	9	audretsch	audretsch	PROPN
easat-8251	435	10	,	,	PUNCT
easat-8251	435	11	l.	l.	PROPN
easat-8251	435	12	uhlaner	uhlaner	PROPN
easat-8251	435	13	,	,	PUNCT
easat-8251	435	14	and	and	CCONJ
easat-8251	435	15	n.	n.	PROPN
easat-8251	435	16	kammerlander	kammerlander	NOUN
easat-8251	435	17	,	,	PUNCT
easat-8251	435	18	"	"	PUNCT
easat-8251	435	19	innovation	innovation	NOUN
easat-8251	435	20	with	with	ADP
easat-8251	435	21	limited	limited	ADJ
easat-8251	435	22	resources	resource	NOUN
easat-8251	435	23	:	:	PUNCT
easat-8251	435	24	management	management	NOUN
easat-8251	435	25	lessons	lesson	NOUN
easat-8251	435	26	from	from	ADP
easat-8251	435	27	the	the	DET
easat-8251	435	28	german	german	ADJ
easat-8251	435	29	mittelstand	mittelstand	NOUN
easat-8251	435	30	,	,	PUNCT
easat-8251	435	31	"	"	PUNCT
easat-8251	435	32	journal	journal	NOUN
easat-8251	435	33	of	of	ADP
easat-8251	435	34	product	product	NOUN
easat-8251	435	35	innovation	innovation	NOUN
easat-8251	435	36	management	management	NOUN
easat-8251	435	37	,	,	PUNCT
easat-8251	435	38	vol	vol	NOUN
easat-8251	435	39	.	.	PROPN
easat-8251	435	40	35	35	NUM
easat-8251	435	41	,	,	PUNCT
easat-8251	435	42	no	no	INTJ
easat-8251	435	43	.	.	NOUN
easat-8251	435	44	1	1	NUM
easat-8251	435	45	,	,	PUNCT
easat-8251	435	46	pp	pp	ADJ
easat-8251	435	47	.	.	PUNCT
easat-8251	436	1	125	125	NUM
easat-8251	436	2	-	-	SYM
easat-8251	436	3	146	146	NUM
easat-8251	436	4	,	,	PUNCT
easat-8251	436	5	2018	2018	NUM
easat-8251	436	6	.	.	PUNCT
easat-8251	437	1	https://doi.org/10.1111/jpim.12373	https://doi.org/10.1111/jpim.12373	NOUN
easat-8251	438	1	[	[	X
easat-8251	438	2	28	28	NUM
easat-8251	438	3	]	]	X
easat-8251	438	4	p.	p.	NOUN
easat-8251	438	5	kijkasiwat	kijkasiwat	PROPN
easat-8251	438	6	and	and	CCONJ
easat-8251	438	7	p.	p.	NOUN
easat-8251	438	8	phuensane	phuensane	NOUN
easat-8251	438	9	,	,	PUNCT
easat-8251	438	10	"	"	PUNCT
easat-8251	438	11	innovation	innovation	NOUN
easat-8251	438	12	and	and	CCONJ
easat-8251	438	13	firm	firm	ADJ
easat-8251	438	14	performance	performance	NOUN
easat-8251	438	15	:	:	PUNCT
easat-8251	438	16	the	the	DET
easat-8251	438	17	moderating	moderate	VERB
easat-8251	438	18	and	and	CCONJ
easat-8251	438	19	mediating	mediate	VERB
easat-8251	438	20	roles	role	NOUN
easat-8251	438	21	of	of	ADP
easat-8251	438	22	firm	firm	ADJ
easat-8251	438	23	size	size	NOUN
easat-8251	438	24	and	and	CCONJ
easat-8251	438	25	small	small	ADJ
easat-8251	438	26	and	and	CCONJ
easat-8251	438	27	medium	medium	ADJ
easat-8251	438	28	enterprise	enterprise	NOUN
easat-8251	438	29	finance	finance	NOUN
easat-8251	438	30	,	,	PUNCT
easat-8251	438	31	"	"	PUNCT
easat-8251	438	32	journal	journal	NOUN
easat-8251	438	33	of	of	ADP
easat-8251	438	34	risk	risk	NOUN
easat-8251	438	35	and	and	CCONJ
easat-8251	438	36	financial	financial	ADJ
easat-8251	438	37	management	management	NOUN
easat-8251	438	38	,	,	PUNCT
easat-8251	438	39	vol	vol	NOUN
easat-8251	438	40	.	.	PROPN
easat-8251	438	41	13	13	NUM
easat-8251	438	42	,	,	PUNCT
easat-8251	438	43	no	no	INTJ
easat-8251	438	44	.	.	NOUN
easat-8251	438	45	5	5	NUM
easat-8251	438	46	,	,	PUNCT
easat-8251	438	47	p.	p.	NOUN
easat-8251	438	48	97	97	NUM
easat-8251	438	49	,	,	PUNCT
easat-8251	438	50	2020	2020	NUM
easat-8251	438	51	.	.	PUNCT
easat-8251	439	1	https://doi.org/10.3390/jrfm13050097	https://doi.org/10.3390/jrfm13050097	PROPN
easat-8251	440	1	[	[	X
easat-8251	440	2	29	29	NUM
easat-8251	440	3	]	]	X
easat-8251	440	4	i.	i.	PROPN
easat-8251	440	5	gupta	gupta	PROPN
easat-8251	440	6	,	,	PUNCT
easat-8251	440	7	n.	n.	PROPN
easat-8251	440	8	mishra	mishra	PROPN
easat-8251	440	9	,	,	PUNCT
easat-8251	440	10	and	and	CCONJ
easat-8251	440	11	n.	n.	PROPN
easat-8251	440	12	tripathy	tripathy	PROPN
easat-8251	440	13	,	,	PUNCT
easat-8251	440	14	"	"	PUNCT
easat-8251	440	15	the	the	DET
easat-8251	440	16	impact	impact	NOUN
easat-8251	440	17	of	of	ADP
easat-8251	440	18	merger	merger	NOUN
easat-8251	440	19	and	and	CCONJ
easat-8251	440	20	acquisition	acquisition	NOUN
easat-8251	440	21	on	on	ADP
easat-8251	440	22	value	value	NOUN
easat-8251	440	23	creation	creation	NOUN
easat-8251	440	24	:	:	PUNCT
easat-8251	440	25	an	an	DET
easat-8251	440	26	empirical	empirical	ADJ
easat-8251	440	27	evidence	evidence	NOUN
easat-8251	440	28	,	,	PUNCT
easat-8251	440	29	"	"	PUNCT
easat-8251	440	30	presented	present	VERB
easat-8251	440	31	at	at	ADP
easat-8251	440	32	the	the	DET
easat-8251	440	33	international	international	ADJ
easat-8251	440	34	conference	conference	NOUN
easat-8251	440	35	on	on	ADP
easat-8251	440	36	business	business	NOUN
easat-8251	440	37	and	and	CCONJ
easat-8251	440	38	technology	technology	NOUN
easat-8251	440	39	,	,	PUNCT
easat-8251	440	40	2020	2020	NUM
easat-8251	440	41	.	.	PUNCT
easat-8251	441	1	[	[	X
easat-8251	441	2	30	30	NUM
easat-8251	441	3	]	]	PUNCT
easat-8251	441	4	t.	t.	X
easat-8251	441	5	my	my	PRON
easat-8251	441	6	and	and	CCONJ
easat-8251	441	7	m.	m.	PROPN
easat-8251	441	8	abbott	abbott	PROPN
easat-8251	441	9	,	,	PUNCT
easat-8251	441	10	"	"	PUNCT
easat-8251	441	11	the	the	DET
easat-8251	441	12	productivity	productivity	NOUN
easat-8251	441	13	and	and	CCONJ
easat-8251	441	14	efficiency	efficiency	NOUN
easat-8251	441	15	of	of	ADP
easat-8251	441	16	vietnamese	vietnamese	ADJ
easat-8251	441	17	securities	security	NOUN
easat-8251	441	18	firms	firm	NOUN
easat-8251	441	19	,	,	PUNCT
easat-8251	441	20	2009	2009	NUM
easat-8251	441	21	to	to	ADP
easat-8251	441	22	2017	2017	NUM
easat-8251	441	23	,	,	PUNCT
easat-8251	441	24	"	"	PUNCT
easat-8251	441	25	applied	apply	VERB
easat-8251	441	26	economics	economic	NOUN
easat-8251	441	27	and	and	CCONJ
easat-8251	441	28	finance	finance	NOUN
easat-8251	441	29	,	,	PUNCT
easat-8251	441	30	vol	vol	NOUN
easat-8251	441	31	.	.	PROPN
easat-8251	441	32	7	7	NUM
easat-8251	441	33	,	,	PUNCT
easat-8251	441	34	no	no	INTJ
easat-8251	441	35	.	.	NOUN
easat-8251	441	36	4	4	NUM
easat-8251	441	37	,	,	PUNCT
easat-8251	441	38	pp	pp	ADJ
easat-8251	441	39	.	.	PUNCT
easat-8251	442	1	101	101	NUM
easat-8251	442	2	-	-	SYM
easat-8251	442	3	111	111	NUM
easat-8251	442	4	,	,	PUNCT
easat-8251	442	5	2020	2020	NUM
easat-8251	442	6	.	.	PUNCT
easat-8251	443	1	[	[	X
easat-8251	443	2	31	31	NUM
easat-8251	443	3	]	]	X
easat-8251	443	4	c.	c.	PROPN
easat-8251	443	5	v.	v.	PROPN
easat-8251	443	6	hung	hung	PROPN
easat-8251	443	7	,	,	PUNCT
easat-8251	443	8	t.	t.	PROPN
easat-8251	443	9	p.	p.	PROPN
easat-8251	443	10	vinh	vinh	PROPN
easat-8251	443	11	,	,	PUNCT
easat-8251	443	12	and	and	CCONJ
easat-8251	443	13	b.	b.	PROPN
easat-8251	443	14	d.	d.	PROPN
easat-8251	443	15	thai	thai	PROPN
easat-8251	443	16	,	,	PUNCT
easat-8251	443	17	"	"	PUNCT
easat-8251	443	18	the	the	DET
easat-8251	443	19	impact	impact	NOUN
easat-8251	443	20	of	of	ADP
easat-8251	443	21	firm	firm	ADJ
easat-8251	443	22	size	size	NOUN
easat-8251	443	23	on	on	ADP
easat-8251	443	24	the	the	DET
easat-8251	443	25	performance	performance	NOUN
easat-8251	443	26	of	of	ADP
easat-8251	443	27	vietnamese	vietnamese	ADJ
easat-8251	443	28	private	private	ADJ
easat-8251	443	29	enterprises	enterprise	NOUN
easat-8251	443	30	:	:	PUNCT
easat-8251	443	31	a	a	DET
easat-8251	443	32	case	case	NOUN
easat-8251	443	33	study	study	NOUN
easat-8251	443	34	,	,	PUNCT
easat-8251	443	35	"	"	PUNCT
easat-8251	443	36	problems	problem	NOUN
easat-8251	443	37	and	and	CCONJ
easat-8251	443	38	perspectives	perspective	NOUN
easat-8251	443	39	in	in	ADP
easat-8251	443	40	management	management	NOUN
easat-8251	443	41	,	,	PUNCT
easat-8251	443	42	vol	vol	NOUN
easat-8251	443	43	.	.	PROPN
easat-8251	443	44	19	19	NUM
easat-8251	443	45	,	,	PUNCT
easat-8251	443	46	no	no	INTJ
easat-8251	443	47	.	.	NOUN
easat-8251	443	48	2	2	NUM
easat-8251	443	49	,	,	PUNCT
easat-8251	443	50	p.	p.	NOUN
easat-8251	443	51	243	243	NUM
easat-8251	443	52	,	,	PUNCT
easat-8251	443	53	2021	2021	NUM
easat-8251	443	54	.	.	PUNCT
easat-8251	443	55	https://doi.org/10.21511/ppm.19(2).2021.20	https://doi.org/10.21511/ppm.19(2).2021.20	PUNCT
easat-8251	444	1	[	[	X
easat-8251	444	2	32	32	NUM
easat-8251	444	3	]	]	PUNCT
easat-8251	444	4	m.-s	m.-	NOUN
easat-8251	444	5	.	.	PUNCT
easat-8251	444	6	chang	chang	PROPN
easat-8251	444	7	and	and	CCONJ
easat-8251	444	8	e.	e.	PROPN
easat-8251	444	9	elyasiani	elyasiani	PROPN
easat-8251	444	10	,	,	PUNCT
easat-8251	444	11	"	"	PUNCT
easat-8251	444	12	do	do	AUX
easat-8251	444	13	insurance	insurance	NOUN
easat-8251	444	14	activities	activity	NOUN
easat-8251	444	15	enhance	enhance	VERB
easat-8251	444	16	the	the	DET
easat-8251	444	17	performance	performance	NOUN
easat-8251	444	18	of	of	ADP
easat-8251	444	19	financial	financial	ADJ
easat-8251	444	20	services	service	NOUN
easat-8251	444	21	holding	hold	VERB
easat-8251	444	22	companies	company	NOUN
easat-8251	444	23	?	?	PUNCT
easat-8251	445	1	,	,	PUNCT
easat-8251	445	2	"	"	PUNCT
easat-8251	445	3	applied	apply	VERB
easat-8251	445	4	economics	economic	NOUN
easat-8251	445	5	,	,	PUNCT
easat-8251	445	6	vol	vol	NOUN
easat-8251	445	7	.	.	PROPN
easat-8251	446	1	47	47	NUM
easat-8251	446	2	,	,	PUNCT
easat-8251	446	3	no	no	INTJ
easat-8251	446	4	.	.	NOUN
easat-8251	446	5	33	33	NUM
easat-8251	446	6	,	,	PUNCT
easat-8251	446	7	pp	pp	ADJ
easat-8251	446	8	.	.	PUNCT
easat-8251	447	1	3559	3559	NUM
easat-8251	447	2	-	-	SYM
easat-8251	447	3	3576	3576	NUM
easat-8251	447	4	,	,	PUNCT
easat-8251	447	5	2015	2015	NUM
easat-8251	447	6	.	.	PUNCT
easat-8251	448	1	https://doi.org/10.1080/00036846.2015.1019032	https://doi.org/10.1080/00036846.2015.1019032	X
easat-8251	449	1	[	[	X
easat-8251	449	2	33	33	NUM
easat-8251	449	3	]	]	PUNCT
easat-8251	449	4	d.-g	d.-g	PROPN
easat-8251	449	5	.	.	PUNCT
easat-8251	450	1	lee	lee	PROPN
easat-8251	450	2	,	,	PUNCT
easat-8251	450	3	j.	j.	PROPN
easat-8251	450	4	kim	kim	PROPN
easat-8251	450	5	,	,	PUNCT
easat-8251	450	6	and	and	CCONJ
easat-8251	450	7	h.	h.	PROPN
easat-8251	450	8	kang	kang	PROPN
easat-8251	450	9	,	,	PUNCT
easat-8251	450	10	"	"	PUNCT
easat-8251	450	11	do	do	VERB
easat-8251	450	12	larger	large	ADJ
easat-8251	450	13	brokerage	brokerage	NOUN
easat-8251	450	14	firms	firm	NOUN
easat-8251	450	15	enjoy	enjoy	VERB
easat-8251	450	16	larger	large	ADJ
easat-8251	450	17	economies	economy	NOUN
easat-8251	450	18	of	of	ADP
easat-8251	450	19	scale	scale	NOUN
easat-8251	450	20	and	and	CCONJ
easat-8251	450	21	scope	scope	NOUN
easat-8251	450	22	?	?	PUNCT
easat-8251	450	23	,	,	PUNCT
easat-8251	450	24	"	"	PUNCT
easat-8251	450	25	seoul	seoul	PROPN
easat-8251	450	26	journal	journal	PROPN
easat-8251	450	27	of	of	ADP
easat-8251	450	28	economics	economic	NOUN
easat-8251	450	29	,	,	PUNCT
easat-8251	450	30	vol	vol	NOUN
easat-8251	450	31	.	.	PROPN
easat-8251	450	32	27	27	NUM
easat-8251	450	33	,	,	PUNCT
easat-8251	450	34	pp	pp	ADJ
easat-8251	450	35	.	.	PUNCT
easat-8251	451	1	445	445	NUM
easat-8251	451	2	-	-	SYM
easat-8251	451	3	467	467	NUM
easat-8251	451	4	,	,	PUNCT
easat-8251	451	5	2014	2014	NUM
easat-8251	451	6	.	.	PUNCT
easat-8251	452	1	[	[	X
easat-8251	452	2	34	34	NUM
easat-8251	452	3	]	]	X
easat-8251	452	4	j.	j.	PROPN
easat-8251	452	5	l.	l.	PROPN
easat-8251	452	6	hua	hua	PROPN
easat-8251	452	7	,	,	PUNCT
easat-8251	452	8	s.	s.	PROPN
easat-8251	452	9	honmab	honmab	PROPN
easat-8251	452	10	,	,	PUNCT
easat-8251	452	11	and	and	CCONJ
easat-8251	452	12	y.	y.	PROPN
easat-8251	452	13	h.	h.	PROPN
easat-8251	452	14	lee	lee	PROPN
easat-8251	452	15	,	,	PUNCT
easat-8251	452	16	"	"	PUNCT
easat-8251	452	17	a	a	DET
easat-8251	452	18	context	context	NOUN
easat-8251	452	19	-	-	PUNCT
easat-8251	452	20	dependent	dependent	ADJ
easat-8251	452	21	efficiency	efficiency	NOUN
easat-8251	452	22	evaluation	evaluation	NOUN
easat-8251	452	23	of	of	ADP
easat-8251	452	24	japanese	japanese	ADJ
easat-8251	452	25	securities	security	NOUN
easat-8251	452	26	firms	firm	NOUN
easat-8251	452	27	,	,	PUNCT
easat-8251	452	28	"	"	PUNCT
easat-8251	452	29	journal	journal	NOUN
easat-8251	452	30	of	of	ADP
easat-8251	452	31	economics	economic	NOUN
easat-8251	452	32	and	and	CCONJ
easat-8251	452	33	management	management	NOUN
easat-8251	452	34	,	,	PUNCT
easat-8251	452	35	vol	vol	NOUN
easat-8251	452	36	.	.	PROPN
easat-8251	453	1	16	16	NUM
easat-8251	453	2	,	,	PUNCT
easat-8251	453	3	no	no	INTJ
easat-8251	453	4	.	.	NOUN
easat-8251	453	5	2	2	NUM
easat-8251	453	6	,	,	PUNCT
easat-8251	453	7	pp	pp	ADJ
easat-8251	453	8	.	.	PUNCT
easat-8251	454	1	101	101	NUM
easat-8251	454	2	-	-	SYM
easat-8251	454	3	123	123	NUM
easat-8251	454	4	,	,	PUNCT
easat-8251	454	5	2020	2020	NUM
easat-8251	454	6	.	.	PUNCT
easat-8251	455	1	[	[	X
easat-8251	455	2	35	35	NUM
easat-8251	455	3	]	]	X
easat-8251	455	4	g.	g.	PROPN
easat-8251	455	5	symeonidis	symeonidis	PROPN
easat-8251	455	6	,	,	PUNCT
easat-8251	455	7	"	"	PUNCT
easat-8251	455	8	innovation	innovation	NOUN
easat-8251	455	9	,	,	PUNCT
easat-8251	455	10	firm	firm	ADJ
easat-8251	455	11	size	size	NOUN
easat-8251	455	12	and	and	CCONJ
easat-8251	455	13	market	market	NOUN
easat-8251	455	14	structure	structure	NOUN
easat-8251	455	15	:	:	PUNCT
easat-8251	455	16	schumpeterian	schumpeterian	ADJ
easat-8251	455	17	hypotheses	hypothesis	NOUN
easat-8251	455	18	and	and	CCONJ
easat-8251	455	19	some	some	DET
easat-8251	455	20	new	new	ADJ
easat-8251	455	21	themes	theme	NOUN
easat-8251	455	22	,	,	PUNCT
easat-8251	455	23	"	"	PUNCT
easat-8251	455	24	oecd	oecd	PROPN
easat-8251	455	25	economics	economics	PROPN
easat-8251	455	26	department	department	PROPN
easat-8251	455	27	working	working	PROPN
easat-8251	455	28	papers	paper	NOUN
easat-8251	455	29	no	no	INTJ
easat-8251	455	30	.	.	NOUN
easat-8251	455	31	161	161	NUM
easat-8251	455	32	)	)	PUNCT
easat-8251	455	33	.	.	PUNCT
easat-8251	455	34	organisation	organisation	NOUN
easat-8251	455	35	for	for	ADP
easat-8251	455	36	economic	economic	ADJ
easat-8251	455	37	co	co	NOUN
easat-8251	455	38	-	-	NOUN
easat-8251	455	39	operation	operation	NOUN
easat-8251	455	40	and	and	CCONJ
easat-8251	455	41	development	development	NOUN
easat-8251	455	42	(	(	PUNCT
easat-8251	455	43	oecd	oecd	PROPN
easat-8251	455	44	)	)	PUNCT
easat-8251	455	45	,	,	PUNCT
easat-8251	455	46	1996	1996	NUM
easat-8251	455	47	.	.	PUNCT
easat-8251	456	1	[	[	X
easat-8251	456	2	36	36	NUM
easat-8251	456	3	]	]	X
easat-8251	456	4	p.	p.	NOUN
easat-8251	456	5	børing	børe	VERB
easat-8251	456	6	,	,	PUNCT
easat-8251	456	7	"	"	PUNCT
easat-8251	456	8	the	the	DET
easat-8251	456	9	relationship	relationship	NOUN
easat-8251	456	10	between	between	ADP
easat-8251	456	11	firm	firm	ADJ
easat-8251	456	12	productivity	productivity	NOUN
easat-8251	456	13	,	,	PUNCT
easat-8251	456	14	firm	firm	ADJ
easat-8251	456	15	size	size	NOUN
easat-8251	456	16	and	and	CCONJ
easat-8251	456	17	csr	csr	NOUN
easat-8251	456	18	objectives	objective	NOUN
easat-8251	456	19	for	for	ADP
easat-8251	456	20	innovations	innovation	NOUN
easat-8251	456	21	,	,	PUNCT
easat-8251	456	22	"	"	PUNCT
easat-8251	456	23	eurasian	eurasian	ADJ
easat-8251	456	24	business	business	NOUN
easat-8251	456	25	review	review	PROPN
easat-8251	456	26	,	,	PUNCT
easat-8251	456	27	vol	vol	NOUN
easat-8251	456	28	.	.	PROPN
easat-8251	456	29	9	9	NUM
easat-8251	456	30	,	,	PUNCT
easat-8251	456	31	no	no	INTJ
easat-8251	456	32	.	.	NOUN
easat-8251	456	33	3	3	NUM
easat-8251	456	34	,	,	PUNCT
easat-8251	456	35	pp	pp	ADJ
easat-8251	456	36	.	.	PUNCT
easat-8251	457	1	269	269	NUM
easat-8251	457	2	-	-	SYM
easat-8251	457	3	297	297	NUM
easat-8251	457	4	,	,	PUNCT
easat-8251	457	5	2019	2019	NUM
easat-8251	457	6	.	.	PUNCT
easat-8251	458	1	https://doi.org/10.1007/s40821-019-00123-y	https://doi.org/10.1007/s40821-019-00123-y	VERB
easat-8251	458	2	[	[	PUNCT
easat-8251	458	3	37	37	NUM
easat-8251	458	4	]	]	PUNCT
easat-8251	458	5	i.	i.	PROPN
easat-8251	458	6	s.	s.	PROPN
easat-8251	458	7	yadav	yadav	PROPN
easat-8251	458	8	,	,	PUNCT
easat-8251	458	9	d.	d.	PROPN
easat-8251	458	10	pahi	pahi	PROPN
easat-8251	458	11	,	,	PUNCT
easat-8251	458	12	and	and	CCONJ
easat-8251	458	13	r.	r.	PROPN
easat-8251	458	14	gangakhedkar	gangakhedkar	NOUN
easat-8251	458	15	,	,	PUNCT
easat-8251	458	16	"	"	PUNCT
easat-8251	458	17	the	the	DET
easat-8251	458	18	nexus	nexus	NOUN
easat-8251	458	19	between	between	ADP
easat-8251	458	20	firm	firm	ADJ
easat-8251	458	21	size	size	NOUN
easat-8251	458	22	,	,	PUNCT
easat-8251	458	23	growth	growth	NOUN
easat-8251	458	24	and	and	CCONJ
easat-8251	458	25	profitability	profitability	NOUN
easat-8251	458	26	:	:	PUNCT
easat-8251	458	27	new	new	ADJ
easat-8251	458	28	panel	panel	NOUN
easat-8251	458	29	data	data	VERB
easat-8251	458	30	evidence	evidence	NOUN
easat-8251	458	31	from	from	ADP
easat-8251	458	32	asia	asia	PROPN
easat-8251	458	33	–	–	PUNCT
easat-8251	458	34	pacific	pacific	ADJ
easat-8251	458	35	markets	market	NOUN
easat-8251	458	36	,	,	PUNCT
easat-8251	458	37	"	"	PUNCT
easat-8251	458	38	european	european	ADJ
easat-8251	458	39	journal	journal	PROPN
easat-8251	458	40	of	of	ADP
easat-8251	458	41	management	management	NOUN
easat-8251	458	42	and	and	CCONJ
easat-8251	458	43	business	business	NOUN
easat-8251	458	44	economics	economic	NOUN
easat-8251	458	45	,	,	PUNCT
easat-8251	458	46	vol	vol	NOUN
easat-8251	458	47	.	.	PROPN
easat-8251	459	1	31	31	NUM
easat-8251	459	2	,	,	PUNCT
easat-8251	459	3	no	no	INTJ
easat-8251	459	4	.	.	NOUN
easat-8251	459	5	1	1	NUM
easat-8251	459	6	,	,	PUNCT
easat-8251	459	7	pp	pp	ADJ
easat-8251	459	8	.	.	PUNCT
easat-8251	460	1	115140	115140	NUM
easat-8251	460	2	,	,	PUNCT
easat-8251	460	3	2022	2022	NUM
easat-8251	460	4	.	.	PUNCT
easat-8251	461	1	https://doi.org/10.1108/ejmbe-03-2021-0077	https://doi.org/10.1108/ejmbe-03-2021-0077	PROPN
easat-8251	462	1	[	[	X
easat-8251	462	2	38	38	NUM
easat-8251	462	3	]	]	PUNCT
easat-8251	462	4	t.	t.	PROPN
easat-8251	462	5	khanna	khanna	PROPN
easat-8251	462	6	and	and	CCONJ
easat-8251	462	7	k.	k.	PROPN
easat-8251	462	8	palepu	palepu	PROPN
easat-8251	462	9	,	,	PUNCT
easat-8251	462	10	"	"	PUNCT
easat-8251	462	11	is	be	AUX
easat-8251	462	12	group	group	NOUN
easat-8251	462	13	affiliation	affiliation	NOUN
easat-8251	462	14	profitable	profitable	ADJ
easat-8251	462	15	in	in	ADP
easat-8251	462	16	emerging	emerge	VERB
easat-8251	462	17	markets	market	NOUN
easat-8251	462	18	?	?	PUNCT
easat-8251	463	1	an	an	DET
easat-8251	463	2	analysis	analysis	NOUN
easat-8251	463	3	of	of	ADP
easat-8251	463	4	diversified	diversified	ADJ
easat-8251	463	5	indian	indian	ADJ
easat-8251	463	6	business	business	NOUN
easat-8251	463	7	groups	group	NOUN
easat-8251	463	8	,	,	PUNCT
easat-8251	463	9	"	"	PUNCT
easat-8251	463	10	the	the	DET
easat-8251	463	11	journal	journal	NOUN
easat-8251	463	12	of	of	ADP
easat-8251	463	13	finance	finance	NOUN
easat-8251	463	14	,	,	PUNCT
easat-8251	463	15	vol	vol	NOUN
easat-8251	463	16	.	.	PROPN
easat-8251	463	17	55	55	NUM
easat-8251	463	18	,	,	PUNCT
easat-8251	463	19	no	no	INTJ
easat-8251	463	20	.	.	NOUN
easat-8251	463	21	2	2	NUM
easat-8251	463	22	,	,	PUNCT
easat-8251	463	23	pp	pp	ADJ
easat-8251	463	24	.	.	PUNCT
easat-8251	463	25	867	867	NUM
easat-8251	463	26	-	-	SYM
easat-8251	463	27	891	891	NUM
easat-8251	463	28	,	,	PUNCT
easat-8251	463	29	2000	2000	NUM
easat-8251	463	30	.	.	PUNCT
easat-8251	464	1	https://doi.org/10.1111/0022-1082.00229	https://doi.org/10.1111/0022-1082.00229	X
easat-8251	465	1	[	[	X
easat-8251	465	2	39	39	NUM
easat-8251	465	3	]	]	PUNCT
easat-8251	465	4	a.	a.	PROPN
easat-8251	465	5	mishra	mishra	PROPN
easat-8251	465	6	and	and	CCONJ
easat-8251	465	7	m.	m.	NOUN
easat-8251	465	8	akbar	akbar	NOUN
easat-8251	465	9	,	,	PUNCT
easat-8251	465	10	"	"	PUNCT
easat-8251	465	11	empirical	empirical	ADJ
easat-8251	465	12	examination	examination	NOUN
easat-8251	465	13	of	of	ADP
easat-8251	465	14	diversification	diversification	NOUN
easat-8251	465	15	strategies	strategy	NOUN
easat-8251	465	16	in	in	ADP
easat-8251	465	17	business	business	NOUN
easat-8251	465	18	groups	group	NOUN
easat-8251	465	19	:	:	PUNCT
easat-8251	465	20	evidence	evidence	NOUN
easat-8251	465	21	from	from	ADP
easat-8251	465	22	emerging	emerge	VERB
easat-8251	465	23	markets	market	NOUN
easat-8251	465	24	,	,	PUNCT
easat-8251	465	25	"	"	PUNCT
easat-8251	465	26	international	international	ADJ
easat-8251	465	27	journal	journal	NOUN
easat-8251	465	28	of	of	ADP
easat-8251	465	29	emerging	emerge	VERB
easat-8251	465	30	markets	market	NOUN
easat-8251	465	31	,	,	PUNCT
easat-8251	465	32	vol	vol	NOUN
easat-8251	465	33	.	.	PROPN
easat-8251	465	34	2	2	NUM
easat-8251	465	35	,	,	PUNCT
easat-8251	465	36	no	no	INTJ
easat-8251	465	37	.	.	NOUN
easat-8251	465	38	1	1	NUM
easat-8251	465	39	,	,	PUNCT
easat-8251	465	40	pp	pp	ADJ
easat-8251	465	41	.	.	PUNCT
easat-8251	466	1	22	22	NUM
easat-8251	466	2	-	-	SYM
easat-8251	466	3	38	38	NUM
easat-8251	466	4	,	,	PUNCT
easat-8251	466	5	2007	2007	NUM
easat-8251	466	6	.	.	PUNCT
easat-8251	467	1	https://doi.org/10.1108/17468800710718877	https://doi.org/10.1108/17468800710718877	X
easat-8251	468	1	[	[	X
easat-8251	468	2	40	40	NUM
easat-8251	468	3	]	]	PUNCT
easat-8251	468	4	p.	p.	PROPN
easat-8251	468	5	molyneux	molyneux	PROPN
easat-8251	468	6	and	and	CCONJ
easat-8251	468	7	j.	j.	PROPN
easat-8251	468	8	yip	yip	PROPN
easat-8251	468	9	,	,	PUNCT
easat-8251	468	10	"	"	PUNCT
easat-8251	468	11	income	income	NOUN
easat-8251	468	12	diversification	diversification	NOUN
easat-8251	468	13	and	and	CCONJ
easat-8251	468	14	performance	performance	NOUN
easat-8251	468	15	of	of	ADP
easat-8251	468	16	islamic	islamic	ADJ
easat-8251	468	17	banks	bank	NOUN
easat-8251	468	18	,	,	PUNCT
easat-8251	468	19	"	"	PUNCT
easat-8251	468	20	journal	journal	NOUN
easat-8251	468	21	of	of	ADP
easat-8251	468	22	financial	financial	ADJ
easat-8251	468	23	management	management	NOUN
easat-8251	468	24	,	,	PUNCT
easat-8251	468	25	markets	market	NOUN
easat-8251	468	26	and	and	CCONJ
easat-8251	468	27	institutions	institution	NOUN
easat-8251	468	28	,	,	PUNCT
easat-8251	468	29	vol	vol	NOUN
easat-8251	468	30	.	.	PROPN
easat-8251	468	31	1	1	NUM
easat-8251	468	32	,	,	PUNCT
easat-8251	468	33	no	no	INTJ
easat-8251	468	34	.	.	NOUN
easat-8251	468	35	1	1	NUM
easat-8251	468	36	,	,	PUNCT
easat-8251	468	37	pp	pp	ADJ
easat-8251	468	38	.	.	PUNCT
easat-8251	469	1	47	47	NUM
easat-8251	469	2	-	-	SYM
easat-8251	469	3	66	66	NUM
easat-8251	469	4	,	,	PUNCT
easat-8251	469	5	2013	2013	NUM
easat-8251	469	6	.	.	PUNCT
easat-8251	470	1	https://doi.org/10.1016/j.ribaf.2016.01.028	https://doi.org/10.1016/j.ribaf.2016.01.028	NOUN
easat-8251	470	2	https://doi.org/10.1111/ecot.12082	https://doi.org/10.1111/ecot.12082	NOUN
easat-8251	470	3	https://doi.org/10.1080/23311975.2023.2215072	https://doi.org/10.1080/23311975.2023.2215072	NOUN
easat-8251	470	4	https://doi.org/10.1080/23311975.2023.2182621	https://doi.org/10.1080/23311975.2023.2182621	NOUN
easat-8251	471	1	https://doi.org/10.1108/ijoem-04-2021-0539	https://doi.org/10.1108/ijoem-04-2021-0539	NOUN
easat-8251	471	2	https://doi.org/10.2307/2109925	https://doi.org/10.2307/2109925	NUM
easat-8251	471	3	https://doi.org/10.1111/jpim.12373	https://doi.org/10.1111/jpim.12373	NOUN
easat-8251	471	4	https://doi.org/10.3390/jrfm13050097	https://doi.org/10.3390/jrfm13050097	NOUN
easat-8251	471	5	https://doi.org/10.21511/ppm.19(2).2021.20	https://doi.org/10.21511/ppm.19(2).2021.20	X
easat-8251	471	6	https://doi.org/10.1080/00036846.2015.1019032	https://doi.org/10.1080/00036846.2015.1019032	X
easat-8251	471	7	https://doi.org/10.1007/s40821-019-00123-y	https://doi.org/10.1007/s40821-019-00123-y	PROPN
easat-8251	471	8	https://doi.org/10.1108/ejmbe-03-2021-0077	https://doi.org/10.1108/ejmbe-03-2021-0077	PROPN
easat-8251	471	9	https://doi.org/10.1111/0022-1082.00229	https://doi.org/10.1111/0022-1082.00229	PROPN
easat-8251	471	10	https://doi.org/10.1108/17468800710718877	https://doi.org/10.1108/17468800710718877	NOUN
easat-8251	471	11	1874	1874	NUM
easat-8251	471	12	edelweiss	edelweiss	PROPN
easat-8251	471	13	applied	apply	VERB
easat-8251	471	14	science	science	NOUN
easat-8251	471	15	and	and	CCONJ
easat-8251	471	16	technology	technology	NOUN
easat-8251	471	17	issn	issn	PROPN
easat-8251	471	18	:	:	PUNCT
easat-8251	471	19	2576	2576	NUM
easat-8251	471	20	-	-	SYM
easat-8251	471	21	8484	8484	NUM
easat-8251	471	22	vol	vol	NOUN
easat-8251	471	23	.	.	PROPN
easat-8251	472	1	9	9	NUM
easat-8251	472	2	,	,	PUNCT
easat-8251	472	3	no	no	INTJ
easat-8251	472	4	.	.	NOUN
easat-8251	472	5	6	6	NUM
easat-8251	472	6	:	:	SYM
easat-8251	472	7	1862	1862	NUM
easat-8251	472	8	-	-	SYM
easat-8251	472	9	1874	1874	NUM
easat-8251	472	10	,	,	PUNCT
easat-8251	472	11	2025	2025	NUM
easat-8251	472	12	doi	doi	NOUN
easat-8251	472	13	:	:	PUNCT
easat-8251	472	14	10.55214/25768484.v9i6.8251	10.55214/25768484.v9i6.8251	NUM
easat-8251	472	15	©	©	PROPN
easat-8251	472	16	2025	2025	NUM
easat-8251	472	17	by	by	ADP
easat-8251	472	18	the	the	DET
easat-8251	472	19	authors	author	NOUN
easat-8251	472	20	;	;	PUNCT
easat-8251	472	21	licensee	licensee	PROPN
easat-8251	472	22	learning	learning	NOUN
easat-8251	472	23	gate	gate	NOUN
easat-8251	473	1	[	[	X
easat-8251	473	2	41	41	NUM
easat-8251	473	3	]	]	PUNCT
easat-8251	473	4	r.	r.	PROPN
easat-8251	473	5	alkhouri	alkhouri	PROPN
easat-8251	473	6	and	and	CCONJ
easat-8251	473	7	h.	h.	PROPN
easat-8251	473	8	arouri	arouri	PROPN
easat-8251	473	9	,	,	PUNCT
easat-8251	473	10	"	"	PUNCT
easat-8251	473	11	the	the	DET
easat-8251	473	12	effect	effect	NOUN
easat-8251	473	13	of	of	ADP
easat-8251	473	14	diversification	diversification	NOUN
easat-8251	473	15	on	on	ADP
easat-8251	473	16	risk	risk	NOUN
easat-8251	473	17	and	and	CCONJ
easat-8251	473	18	return	return	VERB
easat-8251	473	19	in	in	ADP
easat-8251	473	20	banking	banking	NOUN
easat-8251	473	21	sector	sector	NOUN
easat-8251	473	22	:	:	PUNCT
easat-8251	473	23	evidence	evidence	NOUN
easat-8251	473	24	from	from	ADP
easat-8251	473	25	the	the	DET
easat-8251	473	26	gulf	gulf	PROPN
easat-8251	473	27	cooperation	cooperation	PROPN
easat-8251	473	28	council	council	NOUN
easat-8251	473	29	countries	country	NOUN
easat-8251	473	30	,	,	PUNCT
easat-8251	473	31	"	"	PUNCT
easat-8251	473	32	international	international	ADJ
easat-8251	473	33	journal	journal	NOUN
easat-8251	473	34	of	of	ADP
easat-8251	473	35	managerial	managerial	ADJ
easat-8251	473	36	finance	finance	NOUN
easat-8251	473	37	,	,	PUNCT
easat-8251	473	38	vol	vol	NOUN
easat-8251	473	39	.	.	PROPN
easat-8251	473	40	15	15	NUM
easat-8251	473	41	,	,	PUNCT
easat-8251	473	42	no	no	INTJ
easat-8251	473	43	.	.	NOUN
easat-8251	473	44	1	1	NUM
easat-8251	473	45	,	,	PUNCT
easat-8251	473	46	pp	pp	ADJ
easat-8251	473	47	.	.	PUNCT
easat-8251	473	48	100	100	NUM
easat-8251	473	49	-	-	SYM
easat-8251	473	50	128	128	NUM
easat-8251	473	51	,	,	PUNCT
easat-8251	473	52	2019	2019	NUM
easat-8251	473	53	.	.	PUNCT
easat-8251	473	54	https://doi.org/10.1108/ijmf-01-2018-0024	https://doi.org/10.1108/ijmf-01-2018-0024	NOUN
easat-8251	473	55	[	[	X
easat-8251	473	56	42	42	NUM
easat-8251	473	57	]	]	PUNCT
easat-8251	473	58	v.	v.	ADP
easat-8251	473	59	pangboonyanon	pangboonyanon	NOUN
easat-8251	473	60	and	and	CCONJ
easat-8251	473	61	k.	k.	PROPN
easat-8251	473	62	kalasin	kalasin	PROPN
easat-8251	473	63	,	,	PUNCT
easat-8251	473	64	"	"	PUNCT
easat-8251	473	65	the	the	DET
easat-8251	473	66	impact	impact	NOUN
easat-8251	473	67	of	of	ADP
easat-8251	473	68	within	within	ADP
easat-8251	473	69	-	-	PUNCT
easat-8251	473	70	industry	industry	NOUN
easat-8251	473	71	diversification	diversification	NOUN
easat-8251	473	72	on	on	ADP
easat-8251	473	73	firm	firm	ADJ
easat-8251	473	74	performance	performance	NOUN
easat-8251	473	75	:	:	PUNCT
easat-8251	473	76	empirical	empirical	ADJ
easat-8251	473	77	evidence	evidence	NOUN
easat-8251	473	78	from	from	ADP
easat-8251	473	79	emerging	emerge	VERB
easat-8251	473	80	asean	asean	ADJ
easat-8251	473	81	smes	sme	NOUN
easat-8251	473	82	,	,	PUNCT
easat-8251	473	83	"	"	PUNCT
easat-8251	473	84	international	international	ADJ
easat-8251	473	85	journal	journal	NOUN
easat-8251	473	86	of	of	ADP
easat-8251	473	87	emerging	emerge	VERB
easat-8251	473	88	markets	market	NOUN
easat-8251	473	89	,	,	PUNCT
easat-8251	473	90	vol	vol	NOUN
easat-8251	473	91	.	.	PROPN
easat-8251	473	92	13	13	NUM
easat-8251	473	93	,	,	PUNCT
easat-8251	473	94	no	no	INTJ
easat-8251	473	95	.	.	NOUN
easat-8251	473	96	6	6	NUM
easat-8251	473	97	,	,	PUNCT
easat-8251	473	98	pp	pp	ADJ
easat-8251	473	99	.	.	PUNCT
easat-8251	474	1	1475	1475	NUM
easat-8251	474	2	-	-	SYM
easat-8251	474	3	1501	1501	NUM
easat-8251	474	4	,	,	PUNCT
easat-8251	474	5	2018	2018	NUM
easat-8251	474	6	.	.	PUNCT
easat-8251	475	1	https://doi.org/10.1108/ijoem-05-2017-0174	https://doi.org/10.1108/ijoem-05-2017-0174	PROPN
easat-8251	475	2	[	[	X
easat-8251	475	3	43	43	NUM
easat-8251	475	4	]	]	PUNCT
easat-8251	475	5	m.	m.	NOUN
easat-8251	475	6	doğan	doğan	PROPN
easat-8251	475	7	,	,	PUNCT
easat-8251	475	8	"	"	PUNCT
easat-8251	475	9	does	do	AUX
easat-8251	475	10	firm	firm	ADJ
easat-8251	475	11	size	size	NOUN
easat-8251	475	12	affect	affect	VERB
easat-8251	475	13	the	the	DET
easat-8251	475	14	firm	firm	ADJ
easat-8251	475	15	profitability	profitability	NOUN
easat-8251	475	16	?	?	PUNCT
easat-8251	476	1	evidence	evidence	NOUN
easat-8251	476	2	from	from	ADP
easat-8251	476	3	turkey	turkey	NOUN
easat-8251	476	4	,	,	PUNCT
easat-8251	476	5	"	"	PUNCT
easat-8251	476	6	research	research	NOUN
easat-8251	476	7	journal	journal	NOUN
easat-8251	476	8	of	of	ADP
easat-8251	476	9	finance	finance	NOUN
easat-8251	476	10	and	and	CCONJ
easat-8251	476	11	accounting	accounting	NOUN
easat-8251	476	12	,	,	PUNCT
easat-8251	476	13	vol	vol	NOUN
easat-8251	476	14	.	.	PROPN
easat-8251	476	15	4	4	NUM
easat-8251	476	16	,	,	PUNCT
easat-8251	476	17	no	no	INTJ
easat-8251	476	18	.	.	NOUN
easat-8251	476	19	4	4	NUM
easat-8251	476	20	,	,	PUNCT
easat-8251	476	21	pp	pp	ADJ
easat-8251	476	22	.	.	PUNCT
easat-8251	477	1	53	53	NUM
easat-8251	477	2	-	-	SYM
easat-8251	477	3	59	59	NUM
easat-8251	477	4	,	,	PUNCT
easat-8251	477	5	2013	2013	NUM
easat-8251	477	6	.	.	PUNCT
easat-8251	478	1	[	[	X
easat-8251	478	2	44	44	NUM
easat-8251	478	3	]	]	PUNCT
easat-8251	478	4	l.	l.	PROPN
easat-8251	478	5	wrigley	wrigley	PROPN
easat-8251	478	6	,	,	PUNCT
easat-8251	478	7	"	"	PUNCT
easat-8251	478	8	divisional	divisional	ADJ
easat-8251	478	9	autonomy	autonomy	NOUN
easat-8251	478	10	and	and	CCONJ
easat-8251	478	11	diversification	diversification	NOUN
easat-8251	478	12	,	,	PUNCT
easat-8251	478	13	"	"	PUNCT
easat-8251	478	14	unpublished	unpublished	ADJ
easat-8251	478	15	doctoral	doctoral	ADJ
easat-8251	478	16	dissertation	dissertation	NOUN
easat-8251	478	17	.	.	PUNCT
easat-8251	479	1	harvard	harvard	PROPN
easat-8251	479	2	business	business	PROPN
easat-8251	479	3	school	school	PROPN
easat-8251	479	4	,	,	PUNCT
easat-8251	479	5	boston	boston	PROPN
easat-8251	479	6	,	,	PUNCT
easat-8251	479	7	1970	1970	NUM
easat-8251	479	8	.	.	PUNCT
easat-8251	480	1	[	[	X
easat-8251	480	2	45	45	NUM
easat-8251	480	3	]	]	X
easat-8251	480	4	n.	n.	NOUN
easat-8251	480	5	t.	t.	PROPN
easat-8251	480	6	thu	thu	PROPN
easat-8251	480	7	,	,	PUNCT
easat-8251	480	8	vietnamese	vietnamese	ADJ
easat-8251	480	9	securities	security	NOUN
easat-8251	480	10	sector	sector	NOUN
easat-8251	480	11	outlook	outlook	NOUN
easat-8251	480	12	and	and	CCONJ
easat-8251	480	13	profitability	profitability	NOUN
easat-8251	480	14	trends	trend	NOUN
easat-8251	480	15	.	.	PUNCT
easat-8251	481	1	hanoi	hanoi	PROPN
easat-8251	481	2	,	,	PUNCT
easat-8251	481	3	vietnam	vietnam	PROPN
easat-8251	481	4	:	:	PUNCT
easat-8251	481	5	state	state	PROPN
easat-8251	481	6	securities	securities	PROPN
easat-8251	481	7	commission	commission	PROPN
easat-8251	481	8	of	of	ADP
easat-8251	481	9	vietnam	vietnam	PROPN
easat-8251	481	10	,	,	PUNCT
easat-8251	481	11	2025	2025	NUM
easat-8251	481	12	.	.	PUNCT
easat-8251	482	1	[	[	X
easat-8251	482	2	46	46	NUM
easat-8251	482	3	]	]	PUNCT
easat-8251	482	4	t.	t.	PROPN
easat-8251	482	5	le	le	PROPN
easat-8251	482	6	,	,	PUNCT
easat-8251	482	7	n.	n.	PROPN
easat-8251	482	8	n.	n.	PROPN
easat-8251	482	9	t.	t.	PROPN
easat-8251	482	10	kim	kim	PROPN
easat-8251	482	11	,	,	PUNCT
easat-8251	482	12	and	and	CCONJ
easat-8251	482	13	t.	t.	PROPN
easat-8251	482	14	h.	h.	PROPN
easat-8251	482	15	dieu	dieu	PROPN
easat-8251	482	16	,	,	PUNCT
easat-8251	482	17	"	"	PUNCT
easat-8251	482	18	the	the	DET
easat-8251	482	19	impact	impact	NOUN
easat-8251	482	20	of	of	ADP
easat-8251	482	21	shadow	shadow	NOUN
easat-8251	482	22	banking	banking	NOUN
easat-8251	482	23	on	on	ADP
easat-8251	482	24	nonfinancial	nonfinancial	ADJ
easat-8251	482	25	firms	firm	NOUN
easat-8251	482	26	listed	list	VERB
easat-8251	482	27	on	on	ADP
easat-8251	482	28	the	the	DET
easat-8251	482	29	ho	ho	PROPN
easat-8251	482	30	chi	chi	PROPN
easat-8251	482	31	minh	minh	PROPN
easat-8251	482	32	stock	stock	PROPN
easat-8251	482	33	exchange	exchange	PROPN
easat-8251	482	34	(	(	PUNCT
easat-8251	482	35	hose	hose	PROPN
easat-8251	482	36	)	)	PUNCT
easat-8251	482	37	–	–	PUNCT
easat-8251	482	38	evidence	evidence	NOUN
easat-8251	482	39	from	from	ADP
easat-8251	482	40	vietnam	vietnam	PROPN
easat-8251	482	41	,	,	PUNCT
easat-8251	482	42	"	"	PUNCT
easat-8251	482	43	journal	journal	NOUN
easat-8251	482	44	of	of	ADP
easat-8251	482	45	eastern	eastern	ADJ
easat-8251	482	46	european	european	ADJ
easat-8251	482	47	and	and	CCONJ
easat-8251	482	48	central	central	ADJ
easat-8251	482	49	asian	asian	ADJ
easat-8251	482	50	research	research	NOUN
easat-8251	482	51	,	,	PUNCT
easat-8251	482	52	vol	vol	NOUN
easat-8251	482	53	.	.	PROPN
easat-8251	482	54	11	11	NUM
easat-8251	482	55	,	,	PUNCT
easat-8251	482	56	no	no	INTJ
easat-8251	482	57	.	.	NOUN
easat-8251	482	58	1	1	NUM
easat-8251	482	59	,	,	PUNCT
easat-8251	482	60	pp	pp	ADJ
easat-8251	482	61	.	.	PUNCT
easat-8251	483	1	97	97	NUM
easat-8251	483	2	-	-	SYM
easat-8251	483	3	113	113	NUM
easat-8251	483	4	,	,	PUNCT
easat-8251	483	5	2024	2024	NUM
easat-8251	483	6	.	.	PUNCT
easat-8251	484	1	https://doi.org/10.15549/jeecar.v11i1.1407	https://doi.org/10.15549/jeecar.v11i1.1407	PUNCT
easat-8251	485	1	[	[	X
easat-8251	485	2	47	47	NUM
easat-8251	485	3	]	]	X
easat-8251	485	4	n.	n.	NOUN
easat-8251	485	5	t.	t.	PROPN
easat-8251	485	6	nguyen	nguyen	PROPN
easat-8251	485	7	,	,	PUNCT
easat-8251	485	8	a.	a.	NOUN
easat-8251	485	9	t.	t.	PROPN
easat-8251	485	10	nguyen	nguyen	NOUN
easat-8251	485	11	,	,	PUNCT
easat-8251	485	12	t.	t.	PROPN
easat-8251	485	13	t.	t.	PROPN
easat-8251	485	14	h.	h.	PROPN
easat-8251	485	15	le	le	PROPN
easat-8251	485	16	,	,	PUNCT
easat-8251	485	17	and	and	CCONJ
easat-8251	485	18	h.	h.	PROPN
easat-8251	485	19	t.	t.	PROPN
easat-8251	485	20	n.	n.	PROPN
easat-8251	485	21	to	to	ADP
easat-8251	485	22	,	,	PUNCT
easat-8251	485	23	"	"	PUNCT
easat-8251	485	24	the	the	DET
easat-8251	485	25	impact	impact	NOUN
easat-8251	485	26	of	of	ADP
easat-8251	485	27	bank	bank	NOUN
easat-8251	485	28	competition	competition	NOUN
easat-8251	485	29	on	on	ADP
easat-8251	485	30	bank	bank	NOUN
easat-8251	485	31	stability	stability	NOUN
easat-8251	485	32	in	in	ADP
easat-8251	485	33	vietnam	vietnam	PROPN
easat-8251	485	34	:	:	PUNCT
easat-8251	485	35	the	the	DET
easat-8251	485	36	moderating	moderate	VERB
easat-8251	485	37	role	role	NOUN
easat-8251	485	38	of	of	ADP
easat-8251	485	39	shadow	shadow	NOUN
easat-8251	485	40	banking	banking	NOUN
easat-8251	485	41	,	,	PUNCT
easat-8251	485	42	"	"	PUNCT
easat-8251	485	43	cogent	cogent	NOUN
easat-8251	485	44	business	business	NOUN
easat-8251	485	45	&	&	CCONJ
easat-8251	485	46	management	management	PROPN
easat-8251	485	47	,	,	PUNCT
easat-8251	485	48	vol	vol	NOUN
easat-8251	485	49	.	.	PROPN
easat-8251	485	50	10	10	NUM
easat-8251	485	51	,	,	PUNCT
easat-8251	485	52	no	no	INTJ
easat-8251	485	53	.	.	NOUN
easat-8251	485	54	2	2	NUM
easat-8251	485	55	,	,	PUNCT
easat-8251	485	56	p.	p.	NOUN
easat-8251	485	57	2241208	2241208	NUM
easat-8251	485	58	,	,	PUNCT
easat-8251	485	59	2023	2023	NUM
easat-8251	485	60	.	.	PUNCT
easat-8251	486	1	https://doi.org/10.1080/23311975.2023.2241208	https://doi.org/10.1080/23311975.2023.2241208	VERB
easat-8251	487	1	[	[	X
easat-8251	487	2	48	48	NUM
easat-8251	487	3	]	]	PUNCT
easat-8251	487	4	financial	financial	ADJ
easat-8251	487	5	institutions	institution	NOUN
easat-8251	487	6	rating	rating	NOUN
easat-8251	487	7	,	,	PUNCT
easat-8251	487	8	credit	credit	NOUN
easat-8251	487	9	insight	insight	NOUN
easat-8251	487	10	for	for	ADP
easat-8251	487	11	vietnamese	vietnamese	ADJ
easat-8251	487	12	securities	security	NOUN
easat-8251	487	13	service	service	NOUN
easat-8251	487	14	sector	sector	NOUN
easat-8251	487	15	.	.	PUNCT
easat-8251	488	1	hanoi	hanoi	PROPN
easat-8251	488	2	,	,	PUNCT
easat-8251	488	3	vietnam	vietnam	PROPN
easat-8251	488	4	:	:	PUNCT
easat-8251	488	5	financial	financial	ADJ
easat-8251	488	6	institutions	institution	NOUN
easat-8251	488	7	rating	rating	NOUN
easat-8251	488	8	agency	agency	NOUN
easat-8251	488	9	,	,	PUNCT
easat-8251	488	10	2022	2022	NUM
easat-8251	488	11	.	.	PUNCT
easat-8251	488	12	https://doi.org/10.1108/ijmf-01-2018-0024	https://doi.org/10.1108/ijmf-01-2018-0024	VERB
easat-8251	488	13	https://doi.org/10.1108/ijoem-05-2017-0174	https://doi.org/10.1108/ijoem-05-2017-0174	PROPN
easat-8251	488	14	https://doi.org/10.15549/jeecar.v11i1.1407	https://doi.org/10.15549/jeecar.v11i1.1407	PRON
easat-8251	488	15	https://doi.org/10.1080/23311975.2023.2241208	https://doi.org/10.1080/23311975.2023.2241208	PUNCT