id	sid	tid	token	lemma	pos
easat-9970	1	1	edelweiss	edelweiss	PROPN
easat-9970	1	2	applied	apply	VERB
easat-9970	1	3	science	science	NOUN
easat-9970	1	4	and	and	CCONJ
easat-9970	1	5	technology	technology	NOUN
easat-9970	1	6	issn	issn	PROPN
easat-9970	1	7	:	:	PUNCT
easat-9970	1	8	2576	2576	NUM
easat-9970	1	9	-	-	SYM
easat-9970	1	10	8484	8484	NUM
easat-9970	1	11	vol	vol	NOUN
easat-9970	1	12	.	.	PROPN
easat-9970	2	1	9	9	NUM
easat-9970	2	2	,	,	PUNCT
easat-9970	2	3	no	no	INTJ
easat-9970	2	4	.	.	NOUN
easat-9970	2	5	9	9	NUM
easat-9970	2	6	,	,	PUNCT
easat-9970	2	7	756	756	NUM
easat-9970	2	8	-	-	SYM
easat-9970	2	9	769	769	NUM
easat-9970	2	10	2025	2025	NUM
easat-9970	2	11	publisher	publisher	NOUN
easat-9970	2	12	:	:	PUNCT
easat-9970	2	13	learning	learn	VERB
easat-9970	2	14	gate	gate	NOUN
easat-9970	2	15	doi	doi	PROPN
easat-9970	2	16	:	:	PUNCT
easat-9970	2	17	10.55214/2576	10.55214/2576	NUM
easat-9970	2	18	-	-	NUM
easat-9970	2	19	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	2	20	©	©	PROPN
easat-9970	2	21	2025	2025	NUM
easat-9970	2	22	by	by	ADP
easat-9970	2	23	the	the	DET
easat-9970	2	24	authors	author	NOUN
easat-9970	2	25	;	;	PUNCT
easat-9970	3	1	licensee	licensee	PROPN
easat-9970	3	2	learning	learning	NOUN
easat-9970	3	3	gate	gate	NOUN
easat-9970	3	4	©	©	PROPN
easat-9970	3	5	2025	2025	NUM
easat-9970	3	6	by	by	ADP
easat-9970	3	7	the	the	DET
easat-9970	3	8	authors	author	NOUN
easat-9970	3	9	;	;	PUNCT
easat-9970	3	10	licensee	licensee	PROPN
easat-9970	3	11	learning	learning	NOUN
easat-9970	3	12	gate	gate	NOUN
easat-9970	3	13	history	history	NOUN
easat-9970	3	14	:	:	PUNCT
easat-9970	3	15	received	receive	VERB
easat-9970	3	16	:	:	PUNCT
easat-9970	3	17	26	26	NUM
easat-9970	3	18	june	june	PROPN
easat-9970	3	19	2025	2025	NUM
easat-9970	3	20	;	;	PUNCT
easat-9970	3	21	revised	revise	VERB
easat-9970	3	22	:	:	PUNCT
easat-9970	3	23	7	7	NUM
easat-9970	3	24	august	august	PROPN
easat-9970	3	25	2025	2025	NUM
easat-9970	3	26	;	;	PUNCT
easat-9970	3	27	accepted	accept	VERB
easat-9970	3	28	:	:	PUNCT
easat-9970	3	29	11	11	NUM
easat-9970	3	30	august	august	PROPN
easat-9970	3	31	2025	2025	NUM
easat-9970	3	32	;	;	PUNCT
easat-9970	3	33	published	publish	VERB
easat-9970	3	34	:	:	PUNCT
easat-9970	3	35	12	12	NUM
easat-9970	3	36	september	september	PROPN
easat-9970	3	37	2025	2025	NUM
easat-9970	3	38	*	*	PUNCT
easat-9970	3	39	correspondence	correspondence	NOUN
easat-9970	3	40	:	:	PUNCT
easat-9970	3	41	richard.lukito@binus.ac.id	richard.lukito@binus.ac.id	NUM
easat-9970	3	42	cryptocurrency	cryptocurrency	NOUN
easat-9970	3	43	ownership	ownership	NOUN
easat-9970	3	44	and	and	CCONJ
easat-9970	3	45	corporate	corporate	ADJ
easat-9970	3	46	risk	risk	NOUN
easat-9970	3	47	:	:	PUNCT
easat-9970	3	48	empirical	empirical	ADJ
easat-9970	3	49	evidence	evidence	NOUN
easat-9970	3	50	from	from	ADP
easat-9970	3	51	u.s	u.s	PROPN
easat-9970	3	52	.	.	PROPN
easat-9970	3	53	firms	firm	NOUN
easat-9970	3	54	on	on	ADP
easat-9970	3	55	liquidity	liquidity	NOUN
easat-9970	3	56	,	,	PUNCT
easat-9970	3	57	financial	financial	ADJ
easat-9970	3	58	conditions	condition	NOUN
easat-9970	3	59	,	,	PUNCT
easat-9970	3	60	and	and	CCONJ
easat-9970	3	61	volatility	volatility	NOUN
easat-9970	3	62	richard	richard	PROPN
easat-9970	3	63	lukito1	lukito1	PROPN
easat-9970	3	64	*	*	PROPN
easat-9970	3	65	,	,	PUNCT
easat-9970	3	66	gatot	gatot	VERB
easat-9970	3	67	soepriyanto2	soepriyanto2	NOUN
easat-9970	4	1	1,2department	1,2department	NUM
easat-9970	4	2	of	of	ADP
easat-9970	4	3	accounting	accounting	NOUN
easat-9970	4	4	,	,	PUNCT
easat-9970	4	5	school	school	NOUN
easat-9970	4	6	of	of	ADP
easat-9970	4	7	accounting	accounting	NOUN
easat-9970	4	8	-	-	PUNCT
easat-9970	4	9	master	master	NOUN
easat-9970	4	10	of	of	ADP
easat-9970	4	11	accounting	accounting	PROPN
easat-9970	4	12	,	,	PUNCT
easat-9970	4	13	bina	bina	PROPN
easat-9970	4	14	nusantara	nusantara	PROPN
easat-9970	4	15	university	university	PROPN
easat-9970	4	16	,	,	PUNCT
easat-9970	4	17	jakarta	jakarta	PROPN
easat-9970	4	18	11480	11480	NUM
easat-9970	4	19	,	,	PUNCT
easat-9970	4	20	indonesia	indonesia	PROPN
easat-9970	4	21	;	;	PUNCT
easat-9970	4	22	richard.lukito@binus.ac.id	richard.lukito@binus.ac.id	NUM
easat-9970	4	23	(	(	PUNCT
easat-9970	4	24	r.l	r.l	PROPN
easat-9970	4	25	.	.	PROPN
easat-9970	4	26	)	)	PUNCT
easat-9970	5	1	gsoepriyanto@binus.edu	gsoepriyanto@binus.edu	PROPN
easat-9970	5	2	(	(	PUNCT
easat-9970	5	3	g.s	g.s	PROPN
easat-9970	5	4	.	.	PROPN
easat-9970	5	5	)	)	PUNCT
easat-9970	5	6	.	.	PUNCT
easat-9970	6	1	abstract	abstract	ADV
easat-9970	6	2	:	:	PUNCT
easat-9970	6	3	this	this	DET
easat-9970	6	4	study	study	NOUN
easat-9970	6	5	examines	examine	VERB
easat-9970	6	6	the	the	DET
easat-9970	6	7	impact	impact	NOUN
easat-9970	6	8	of	of	ADP
easat-9970	6	9	cryptocurrency	cryptocurrency	NOUN
easat-9970	6	10	ownership	ownership	NOUN
easat-9970	6	11	on	on	ADP
easat-9970	6	12	corporate	corporate	ADJ
easat-9970	6	13	volatility	volatility	NOUN
easat-9970	6	14	,	,	PUNCT
easat-9970	6	15	focusing	focus	VERB
easat-9970	6	16	on	on	ADP
easat-9970	6	17	external	external	ADJ
easat-9970	6	18	financial	financial	ADJ
easat-9970	6	19	conditions	condition	NOUN
easat-9970	6	20	,	,	PUNCT
easat-9970	6	21	internal	internal	ADJ
easat-9970	6	22	financial	financial	ADJ
easat-9970	6	23	conditions	condition	NOUN
easat-9970	6	24	,	,	PUNCT
easat-9970	6	25	and	and	CCONJ
easat-9970	6	26	liquidity	liquidity	NOUN
easat-9970	6	27	crises	crisis	NOUN
easat-9970	6	28	.	.	PUNCT
easat-9970	7	1	the	the	DET
easat-9970	7	2	research	research	NOUN
easat-9970	7	3	utilizes	utilize	VERB
easat-9970	7	4	secondary	secondary	ADJ
easat-9970	7	5	data	datum	NOUN
easat-9970	7	6	from	from	ADP
easat-9970	7	7	publicly	publicly	ADV
easat-9970	7	8	traded	trade	VERB
easat-9970	7	9	companies	company	NOUN
easat-9970	7	10	in	in	ADP
easat-9970	7	11	the	the	DET
easat-9970	7	12	united	united	PROPN
easat-9970	7	13	states	states	PROPN
easat-9970	7	14	listed	list	VERB
easat-9970	7	15	in	in	ADP
easat-9970	7	16	the	the	DET
easat-9970	7	17	refinitiv	refinitiv	NOUN
easat-9970	7	18	database	database	NOUN
easat-9970	7	19	for	for	ADP
easat-9970	7	20	the	the	DET
easat-9970	7	21	period	period	NOUN
easat-9970	7	22	2018	2018	NUM
easat-9970	7	23	-	-	SYM
easat-9970	7	24	2023	2023	NUM
easat-9970	7	25	.	.	PUNCT
easat-9970	8	1	to	to	PART
easat-9970	8	2	enhance	enhance	VERB
easat-9970	8	3	the	the	DET
easat-9970	8	4	validity	validity	NOUN
easat-9970	8	5	of	of	ADP
easat-9970	8	6	the	the	DET
easat-9970	8	7	results	result	NOUN
easat-9970	8	8	,	,	PUNCT
easat-9970	8	9	a	a	DET
easat-9970	8	10	matching	match	VERB
easat-9970	8	11	procedure	procedure	NOUN
easat-9970	8	12	was	be	AUX
easat-9970	8	13	implemented	implement	VERB
easat-9970	8	14	,	,	PUNCT
easat-9970	8	15	in	in	ADP
easat-9970	8	16	which	which	PRON
easat-9970	8	17	each	each	DET
easat-9970	8	18	cryptocurrency	cryptocurrency	NOUN
easat-9970	8	19	-	-	PUNCT
easat-9970	8	20	owning	own	VERB
easat-9970	8	21	company	company	NOUN
easat-9970	8	22	was	be	AUX
easat-9970	8	23	paired	pair	VERB
easat-9970	8	24	with	with	ADP
easat-9970	8	25	a	a	DET
easat-9970	8	26	similar	similar	ADJ
easat-9970	8	27	non	non	ADJ
easat-9970	8	28	-	-	ADJ
easat-9970	8	29	cryptocurrency	cryptocurrency	ADJ
easat-9970	8	30	-	-	PUNCT
easat-9970	8	31	owning	own	VERB
easat-9970	8	32	company	company	NOUN
easat-9970	8	33	to	to	PART
easat-9970	8	34	create	create	VERB
easat-9970	8	35	a	a	DET
easat-9970	8	36	balanced	balanced	ADJ
easat-9970	8	37	control	control	NOUN
easat-9970	8	38	group	group	NOUN
easat-9970	8	39	.	.	PUNCT
easat-9970	9	1	the	the	DET
easat-9970	9	2	analysis	analysis	NOUN
easat-9970	9	3	employed	employ	VERB
easat-9970	9	4	panel	panel	NOUN
easat-9970	9	5	data	datum	NOUN
easat-9970	9	6	regression	regression	NOUN
easat-9970	9	7	on	on	ADP
easat-9970	9	8	384	384	NUM
easat-9970	9	9	publicly	publicly	ADV
easat-9970	9	10	traded	trade	VERB
easat-9970	9	11	companies	company	NOUN
easat-9970	9	12	in	in	ADP
easat-9970	9	13	the	the	DET
easat-9970	9	14	u.s	u.s	PROPN
easat-9970	9	15	.	.	PROPN
easat-9970	9	16	the	the	DET
easat-9970	9	17	findings	finding	NOUN
easat-9970	9	18	indicate	indicate	VERB
easat-9970	9	19	that	that	SCONJ
easat-9970	9	20	the	the	DET
easat-9970	9	21	ratio	ratio	NOUN
easat-9970	9	22	of	of	ADP
easat-9970	9	23	cryptocurrency	cryptocurrency	NOUN
easat-9970	9	24	ownership	ownership	NOUN
easat-9970	9	25	has	have	VERB
easat-9970	9	26	a	a	DET
easat-9970	9	27	significant	significant	ADJ
easat-9970	9	28	positive	positive	ADJ
easat-9970	9	29	effect	effect	NOUN
easat-9970	9	30	on	on	ADP
easat-9970	9	31	corporate	corporate	ADJ
easat-9970	9	32	volatility	volatility	NOUN
easat-9970	9	33	.	.	PUNCT
easat-9970	10	1	additionally	additionally	ADV
easat-9970	10	2	,	,	PUNCT
easat-9970	10	3	liquidity	liquidity	NOUN
easat-9970	10	4	levels	level	NOUN
easat-9970	10	5	also	also	ADV
easat-9970	10	6	have	have	VERB
easat-9970	10	7	a	a	DET
easat-9970	10	8	significant	significant	ADJ
easat-9970	10	9	positive	positive	ADJ
easat-9970	10	10	impact	impact	NOUN
easat-9970	10	11	on	on	ADP
easat-9970	10	12	the	the	DET
easat-9970	10	13	volatility	volatility	NOUN
easat-9970	10	14	of	of	ADP
easat-9970	10	15	companies	company	NOUN
easat-9970	10	16	holding	hold	VERB
easat-9970	10	17	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	10	18	,	,	PUNCT
easat-9970	10	19	suggesting	suggest	VERB
easat-9970	10	20	that	that	SCONJ
easat-9970	10	21	liquidity	liquidity	NOUN
easat-9970	10	22	crises	crisis	NOUN
easat-9970	10	23	amplify	amplify	VERB
easat-9970	10	24	the	the	DET
easat-9970	10	25	effect	effect	NOUN
easat-9970	10	26	of	of	ADP
easat-9970	10	27	cryptocurrency	cryptocurrency	NOUN
easat-9970	10	28	ownership	ownership	NOUN
easat-9970	10	29	fluctuations	fluctuation	NOUN
easat-9970	10	30	on	on	ADP
easat-9970	10	31	corporate	corporate	ADJ
easat-9970	10	32	volatility	volatility	NOUN
easat-9970	10	33	.	.	PUNCT
easat-9970	11	1	internal	internal	ADJ
easat-9970	11	2	financial	financial	ADJ
easat-9970	11	3	conditions	condition	NOUN
easat-9970	11	4	,	,	PUNCT
easat-9970	11	5	measured	measure	VERB
easat-9970	11	6	by	by	ADP
easat-9970	11	7	return	return	NOUN
easat-9970	11	8	on	on	ADP
easat-9970	11	9	assets	asset	NOUN
easat-9970	11	10	(	(	PUNCT
easat-9970	11	11	roa	roa	NOUN
easat-9970	11	12	)	)	PUNCT
easat-9970	11	13	,	,	PUNCT
easat-9970	11	14	exhibit	exhibit	VERB
easat-9970	11	15	a	a	DET
easat-9970	11	16	significant	significant	ADJ
easat-9970	11	17	negative	negative	ADJ
easat-9970	11	18	effect	effect	NOUN
easat-9970	11	19	on	on	ADP
easat-9970	11	20	the	the	DET
easat-9970	11	21	volatility	volatility	NOUN
easat-9970	11	22	of	of	ADP
easat-9970	11	23	companies	company	NOUN
easat-9970	11	24	holding	hold	VERB
easat-9970	11	25	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	11	26	,	,	PUNCT
easat-9970	11	27	implying	imply	VERB
easat-9970	11	28	that	that	SCONJ
easat-9970	11	29	strong	strong	ADJ
easat-9970	11	30	internal	internal	ADJ
easat-9970	11	31	financial	financial	ADJ
easat-9970	11	32	health	health	NOUN
easat-9970	11	33	mitigates	mitigate	VERB
easat-9970	11	34	the	the	DET
easat-9970	11	35	impact	impact	NOUN
easat-9970	11	36	of	of	ADP
easat-9970	11	37	cryptocurrency	cryptocurrency	NOUN
easat-9970	11	38	ownership	ownership	NOUN
easat-9970	11	39	fluctuations	fluctuation	NOUN
easat-9970	11	40	on	on	ADP
easat-9970	11	41	volatility	volatility	NOUN
easat-9970	11	42	.	.	PUNCT
easat-9970	12	1	conversely	conversely	ADV
easat-9970	12	2	,	,	PUNCT
easat-9970	12	3	external	external	ADJ
easat-9970	12	4	factors	factor	NOUN
easat-9970	12	5	such	such	ADJ
easat-9970	12	6	as	as	ADP
easat-9970	12	7	company	company	NOUN
easat-9970	12	8	beta	beta	NOUN
easat-9970	12	9	do	do	AUX
easat-9970	12	10	not	not	PART
easat-9970	12	11	influence	influence	VERB
easat-9970	12	12	increased	increase	VERB
easat-9970	12	13	volatility	volatility	NOUN
easat-9970	12	14	,	,	PUNCT
easat-9970	12	15	which	which	PRON
easat-9970	12	16	contrasts	contrast	VERB
easat-9970	12	17	with	with	ADP
easat-9970	12	18	the	the	DET
easat-9970	12	19	expectation	expectation	NOUN
easat-9970	12	20	that	that	SCONJ
easat-9970	12	21	external	external	ADJ
easat-9970	12	22	factors	factor	NOUN
easat-9970	12	23	would	would	AUX
easat-9970	12	24	amplify	amplify	VERB
easat-9970	12	25	the	the	DET
easat-9970	12	26	effect	effect	NOUN
easat-9970	12	27	of	of	ADP
easat-9970	12	28	cryptocurrency	cryptocurrency	NOUN
easat-9970	12	29	ownership	ownership	NOUN
easat-9970	12	30	fluctuations	fluctuation	NOUN
easat-9970	12	31	on	on	ADP
easat-9970	12	32	corporate	corporate	ADJ
easat-9970	12	33	volatility	volatility	NOUN
easat-9970	12	34	.	.	PUNCT
easat-9970	13	1	this	this	DET
easat-9970	13	2	study	study	NOUN
easat-9970	13	3	offers	offer	VERB
easat-9970	13	4	important	important	ADJ
easat-9970	13	5	implications	implication	NOUN
easat-9970	13	6	for	for	ADP
easat-9970	13	7	financial	financial	ADJ
easat-9970	13	8	managers	manager	NOUN
easat-9970	13	9	and	and	CCONJ
easat-9970	13	10	regulators	regulator	NOUN
easat-9970	13	11	in	in	ADP
easat-9970	13	12	designing	design	VERB
easat-9970	13	13	risk	risk	NOUN
easat-9970	13	14	mitigation	mitigation	NOUN
easat-9970	13	15	strategies	strategy	NOUN
easat-9970	13	16	against	against	ADP
easat-9970	13	17	digital	digital	ADJ
easat-9970	13	18	asset	asset	NOUN
easat-9970	13	19	price	price	NOUN
easat-9970	13	20	fluctuations	fluctuation	NOUN
easat-9970	13	21	.	.	PUNCT
easat-9970	14	1	keywords	keyword	NOUN
easat-9970	14	2	:	:	PUNCT
easat-9970	14	3	cryptocurrency	cryptocurrency	NOUN
easat-9970	14	4	ownership	ownership	NOUN
easat-9970	14	5	,	,	PUNCT
easat-9970	14	6	cryptocurrency	cryptocurrency	NOUN
easat-9970	14	7	ratio	ratio	NOUN
easat-9970	14	8	,	,	PUNCT
easat-9970	14	9	external	external	ADJ
easat-9970	14	10	and	and	CCONJ
easat-9970	14	11	internal	internal	ADJ
easat-9970	14	12	financial	financial	ADJ
easat-9970	14	13	condition	condition	NOUN
easat-9970	14	14	,	,	PUNCT
easat-9970	14	15	firm	firm	ADJ
easat-9970	14	16	volatility	volatility	NOUN
easat-9970	14	17	performance	performance	NOUN
easat-9970	14	18	,	,	PUNCT
easat-9970	14	19	liquidity	liquidity	NOUN
easat-9970	14	20	.	.	PUNCT
easat-9970	15	1	1	1	X
easat-9970	15	2	.	.	X
easat-9970	15	3	introduction	introduction	NOUN
easat-9970	15	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	15	5	have	have	AUX
easat-9970	15	6	evolved	evolve	VERB
easat-9970	15	7	into	into	ADP
easat-9970	15	8	significant	significant	ADJ
easat-9970	15	9	financial	financial	ADJ
easat-9970	15	10	assets	asset	NOUN
easat-9970	15	11	since	since	SCONJ
easat-9970	15	12	their	their	PRON
easat-9970	15	13	inception	inception	NOUN
easat-9970	15	14	by	by	ADP
easat-9970	15	15	nakamoto	nakamoto	NOUN
easat-9970	15	16	[	[	X
easat-9970	15	17	1	1	NUM
easat-9970	15	18	]	]	PUNCT
easat-9970	15	19	fundamentally	fundamentally	ADV
easat-9970	15	20	transforming	transform	VERB
easat-9970	15	21	the	the	DET
easat-9970	15	22	global	global	ADJ
easat-9970	15	23	financial	financial	ADJ
easat-9970	15	24	landscape	landscape	NOUN
easat-9970	15	25	through	through	ADP
easat-9970	15	26	blockchain	blockchain	PROPN
easat-9970	15	27	technology	technology	PROPN
easat-9970	15	28	,	,	PUNCT
easat-9970	15	29	which	which	PRON
easat-9970	15	30	provides	provide	VERB
easat-9970	15	31	decentralized	decentralized	ADJ
easat-9970	15	32	transaction	transaction	NOUN
easat-9970	15	33	systems	system	NOUN
easat-9970	15	34	,	,	PUNCT
easat-9970	15	35	thereby	thereby	ADV
easat-9970	15	36	omitting	omit	VERB
easat-9970	15	37	the	the	DET
easat-9970	15	38	need	need	NOUN
easat-9970	15	39	for	for	ADP
easat-9970	15	40	central	central	ADJ
easat-9970	15	41	authority	authority	NOUN
easat-9970	15	42	oversight	oversight	NOUN
easat-9970	15	43	[	[	X
easat-9970	15	44	2	2	NUM
easat-9970	15	45	,	,	PUNCT
easat-9970	15	46	3	3	NUM
easat-9970	15	47	]	]	PUNCT
easat-9970	15	48	.	.	PUNCT
easat-9970	16	1	as	as	ADP
easat-9970	16	2	of	of	ADP
easat-9970	16	3	2023	2023	NUM
easat-9970	16	4	,	,	PUNCT
easat-9970	16	5	the	the	DET
easat-9970	16	6	market	market	NOUN
easat-9970	16	7	boasts	boast	VERB
easat-9970	16	8	over	over	ADP
easat-9970	16	9	22,000	22,000	NUM
easat-9970	16	10	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	16	11	,	,	PUNCT
easat-9970	16	12	collectively	collectively	ADV
easat-9970	16	13	valued	value	VERB
easat-9970	16	14	at	at	ADP
easat-9970	16	15	approximately	approximately	ADV
easat-9970	16	16	$	$	SYM
easat-9970	16	17	798	798	NUM
easat-9970	16	18	billion	billion	NUM
easat-9970	16	19	,	,	PUNCT
easat-9970	16	20	with	with	ADP
easat-9970	16	21	bitcoin	bitcoin	NOUN
easat-9970	16	22	and	and	CCONJ
easat-9970	16	23	ethereum	ethereum	NOUN
easat-9970	16	24	leading	lead	VERB
easat-9970	16	25	the	the	DET
easat-9970	16	26	pack	pack	NOUN
easat-9970	16	27	[	[	X
easat-9970	16	28	4	4	NUM
easat-9970	16	29	]	]	PUNCT
easat-9970	16	30	.	.	PUNCT
easat-9970	17	1	early	early	ADJ
easat-9970	17	2	research	research	NOUN
easat-9970	17	3	emphasized	emphasize	VERB
easat-9970	17	4	the	the	DET
easat-9970	17	5	revolutionary	revolutionary	ADJ
easat-9970	17	6	potential	potential	NOUN
easat-9970	17	7	of	of	ADP
easat-9970	17	8	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	17	9	in	in	ADP
easat-9970	17	10	modern	modern	ADJ
easat-9970	17	11	finance	finance	NOUN
easat-9970	17	12	,	,	PUNCT
easat-9970	17	13	highlighting	highlight	VERB
easat-9970	17	14	their	their	PRON
easat-9970	17	15	ability	ability	NOUN
easat-9970	17	16	to	to	PART
easat-9970	17	17	enhance	enhance	VERB
easat-9970	17	18	transaction	transaction	NOUN
easat-9970	17	19	security	security	NOUN
easat-9970	17	20	and	and	CCONJ
easat-9970	17	21	transparency	transparency	NOUN
easat-9970	17	22	,	,	PUNCT
easat-9970	17	23	which	which	PRON
easat-9970	17	24	fosters	foster	VERB
easat-9970	17	25	innovative	innovative	ADJ
easat-9970	17	26	financial	financial	ADJ
easat-9970	17	27	mechanisms	mechanism	NOUN
easat-9970	17	28	[	[	X
easat-9970	17	29	5	5	NUM
easat-9970	17	30	]	]	PUNCT
easat-9970	17	31	.	.	PUNCT
easat-9970	18	1	this	this	DET
easat-9970	18	2	shift	shift	NOUN
easat-9970	18	3	towards	towards	ADP
easat-9970	18	4	a	a	DET
easat-9970	18	5	decentralized	decentralize	VERB
easat-9970	18	6	financial	financial	ADJ
easat-9970	18	7	paradigm	paradigm	NOUN
easat-9970	18	8	also	also	ADV
easat-9970	18	9	heralds	herald	VERB
easat-9970	18	10	opportunities	opportunity	NOUN
easat-9970	18	11	for	for	SCONJ
easat-9970	18	12	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	18	13	to	to	PART
easat-9970	18	14	replace	replace	VERB
easat-9970	18	15	traditional	traditional	ADJ
easat-9970	18	16	financial	financial	ADJ
easat-9970	18	17	institutions	institution	NOUN
easat-9970	18	18	,	,	PUNCT
easat-9970	18	19	leveraging	leverage	VERB
easat-9970	18	20	reduced	reduce	VERB
easat-9970	18	21	costs	cost	NOUN
easat-9970	18	22	and	and	CCONJ
easat-9970	18	23	enhanced	enhance	VERB
easat-9970	18	24	accessibility	accessibility	NOUN
easat-9970	18	25	for	for	ADP
easat-9970	18	26	a	a	DET
easat-9970	18	27	broader	broad	ADJ
easat-9970	18	28	user	user	NOUN
easat-9970	18	29	base	base	NOUN
easat-9970	18	30	.	.	PUNCT
easat-9970	19	1	however	however	ADV
easat-9970	19	2	,	,	PUNCT
easat-9970	19	3	ongoing	ongoing	ADJ
easat-9970	19	4	challenges	challenge	NOUN
easat-9970	19	5	regarding	regard	VERB
easat-9970	19	6	the	the	DET
easat-9970	19	7	regulatory	regulatory	ADJ
easat-9970	19	8	landscape	landscape	NOUN
easat-9970	19	9	influence	influence	VERB
easat-9970	19	10	the	the	DET
easat-9970	19	11	adoption	adoption	NOUN
easat-9970	19	12	and	and	CCONJ
easat-9970	19	13	secure	secure	ADJ
easat-9970	19	14	utilization	utilization	NOUN
easat-9970	19	15	of	of	ADP
easat-9970	19	16	these	these	DET
easat-9970	19	17	digital	digital	ADJ
easat-9970	19	18	assets	asset	NOUN
easat-9970	19	19	within	within	ADP
easat-9970	19	20	traditional	traditional	ADJ
easat-9970	19	21	financial	financial	ADJ
easat-9970	19	22	frameworks	framework	NOUN
easat-9970	19	23	[	[	X
easat-9970	19	24	6	6	NUM
easat-9970	19	25	]	]	PUNCT
easat-9970	19	26	.	.	PUNCT
easat-9970	20	1	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	20	2	are	be	AUX
easat-9970	20	3	recognized	recognize	VERB
easat-9970	20	4	for	for	ADP
easat-9970	20	5	their	their	PRON
easat-9970	20	6	financial	financial	ADJ
easat-9970	20	7	technology	technology	NOUN
easat-9970	20	8	and	and	CCONJ
easat-9970	20	9	potential	potential	ADJ
easat-9970	20	10	returns	return	NOUN
easat-9970	20	11	,	,	PUNCT
easat-9970	20	12	but	but	CCONJ
easat-9970	20	13	they	they	PRON
easat-9970	20	14	also	also	ADV
easat-9970	20	15	pose	pose	VERB
easat-9970	20	16	substantial	substantial	ADJ
easat-9970	20	17	risks	risk	NOUN
easat-9970	20	18	due	due	ADJ
easat-9970	20	19	to	to	ADP
easat-9970	20	20	significant	significant	ADJ
easat-9970	20	21	price	price	NOUN
easat-9970	20	22	volatility	volatility	NOUN
easat-9970	20	23	.	.	PUNCT
easat-9970	21	1	the	the	DET
easat-9970	21	2	dramatic	dramatic	ADJ
easat-9970	21	3	price	price	NOUN
easat-9970	21	4	fluctuations	fluctuation	NOUN
easat-9970	21	5	of	of	ADP
easat-9970	21	6	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	21	7	,	,	PUNCT
easat-9970	21	8	exemplified	exemplify	VERB
easat-9970	21	9	by	by	ADP
easat-9970	21	10	bitcoin	bitcoin	PROPN
easat-9970	21	11	's	's	PART
easat-9970	21	12	surge	surge	NOUN
easat-9970	21	13	from	from	ADP
easat-9970	21	14	approximately	approximately	ADV
easat-9970	21	15	$	$	SYM
easat-9970	21	16	7,000	7,000	NUM
easat-9970	21	17	in	in	ADP
easat-9970	21	18	2020	2020	NUM
easat-9970	21	19	to	to	ADP
easat-9970	21	20	over	over	ADP
easat-9970	21	21	$	$	SYM
easat-9970	21	22	60,000	60,000	NUM
easat-9970	21	23	in	in	ADP
easat-9970	21	24	https://orcid.org/0009-0006-0642-8405	https://orcid.org/0009-0006-0642-8405	PROPN
easat-9970	21	25	https://orcid.org/0000-0003-3669-4828	https://orcid.org/0000-0003-3669-4828	ADP
easat-9970	21	26	757	757	NUM
easat-9970	21	27	edelweiss	edelweiss	PROPN
easat-9970	21	28	applied	apply	VERB
easat-9970	21	29	science	science	NOUN
easat-9970	21	30	and	and	CCONJ
easat-9970	21	31	technology	technology	NOUN
easat-9970	21	32	issn	issn	PROPN
easat-9970	21	33	:	:	PUNCT
easat-9970	21	34	2576	2576	NUM
easat-9970	21	35	-	-	SYM
easat-9970	21	36	8484	8484	NUM
easat-9970	21	37	vol	vol	NOUN
easat-9970	21	38	.	.	PROPN
easat-9970	21	39	9	9	NUM
easat-9970	21	40	,	,	PUNCT
easat-9970	21	41	no	no	INTJ
easat-9970	21	42	.	.	NOUN
easat-9970	21	43	9	9	NUM
easat-9970	21	44	:	:	SYM
easat-9970	21	45	756	756	NUM
easat-9970	21	46	-	-	SYM
easat-9970	21	47	769	769	NUM
easat-9970	21	48	,	,	PUNCT
easat-9970	21	49	2025	2025	NUM
easat-9970	21	50	doi	doi	NOUN
easat-9970	21	51	:	:	PUNCT
easat-9970	21	52	10.55214/2576	10.55214/2576	NUM
easat-9970	21	53	-	-	NUM
easat-9970	21	54	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	21	55	©	©	PROPN
easat-9970	21	56	2025	2025	NUM
easat-9970	21	57	by	by	ADP
easat-9970	21	58	the	the	DET
easat-9970	21	59	authors	author	NOUN
easat-9970	21	60	;	;	PUNCT
easat-9970	21	61	licensee	licensee	PROPN
easat-9970	21	62	learning	learning	NOUN
easat-9970	21	63	gate	gate	NOUN
easat-9970	21	64	2021	2021	NUM
easat-9970	21	65	,	,	PUNCT
easat-9970	21	66	highlight	highlight	VERB
easat-9970	21	67	the	the	DET
easat-9970	21	68	high	high	ADJ
easat-9970	21	69	-	-	PUNCT
easat-9970	21	70	risk	risk	NOUN
easat-9970	21	71	environment	environment	NOUN
easat-9970	21	72	these	these	DET
easat-9970	21	73	assets	asset	NOUN
easat-9970	21	74	create	create	VERB
easat-9970	21	75	for	for	ADP
easat-9970	21	76	both	both	CCONJ
easat-9970	21	77	individual	individual	ADJ
easat-9970	21	78	and	and	CCONJ
easat-9970	21	79	corporate	corporate	ADJ
easat-9970	21	80	investors	investor	NOUN
easat-9970	22	1	[	[	X
easat-9970	22	2	7	7	NUM
easat-9970	22	3	-	-	SYM
easat-9970	22	4	9	9	NUM
easat-9970	22	5	]	]	PUNCT
easat-9970	22	6	.	.	PUNCT
easat-9970	23	1	this	this	DET
easat-9970	23	2	inherent	inherent	ADJ
easat-9970	23	3	volatility	volatility	NOUN
easat-9970	23	4	necessitates	necessitate	VERB
easat-9970	23	5	a	a	DET
easat-9970	23	6	deeper	deep	ADJ
easat-9970	23	7	examination	examination	NOUN
easat-9970	23	8	of	of	ADP
easat-9970	23	9	its	its	PRON
easat-9970	23	10	consequences	consequence	NOUN
easat-9970	23	11	for	for	ADP
easat-9970	23	12	corporate	corporate	ADJ
easat-9970	23	13	financial	financial	ADJ
easat-9970	23	14	performance	performance	NOUN
easat-9970	23	15	,	,	PUNCT
easat-9970	23	16	particularly	particularly	ADV
easat-9970	23	17	in	in	ADP
easat-9970	23	18	terms	term	NOUN
easat-9970	23	19	of	of	ADP
easat-9970	23	20	firm	firm	ADJ
easat-9970	23	21	-	-	PUNCT
easat-9970	23	22	level	level	NOUN
easat-9970	23	23	volatility	volatility	NOUN
easat-9970	23	24	,	,	PUNCT
easat-9970	23	25	liquidity	liquidity	NOUN
easat-9970	23	26	management	management	NOUN
easat-9970	23	27	,	,	PUNCT
easat-9970	23	28	and	and	CCONJ
easat-9970	23	29	overall	overall	ADJ
easat-9970	23	30	financial	financial	ADJ
easat-9970	23	31	stability	stability	NOUN
easat-9970	23	32	[	[	X
easat-9970	23	33	7	7	NUM
easat-9970	23	34	-	-	SYM
easat-9970	23	35	9	9	NUM
easat-9970	23	36	]	]	PUNCT
easat-9970	23	37	.	.	PUNCT
easat-9970	24	1	research	research	NOUN
easat-9970	24	2	suggests	suggest	VERB
easat-9970	24	3	that	that	SCONJ
easat-9970	24	4	cryptocurrency	cryptocurrency	NOUN
easat-9970	24	5	ownership	ownership	NOUN
easat-9970	24	6	,	,	PUNCT
easat-9970	24	7	assessed	assess	VERB
easat-9970	24	8	as	as	ADP
easat-9970	24	9	the	the	DET
easat-9970	24	10	ratio	ratio	NOUN
easat-9970	24	11	of	of	ADP
easat-9970	24	12	digital	digital	ADJ
easat-9970	24	13	assets	asset	NOUN
easat-9970	24	14	to	to	ADP
easat-9970	24	15	total	total	ADJ
easat-9970	24	16	assets	asset	NOUN
easat-9970	24	17	,	,	PUNCT
easat-9970	24	18	correlates	correlate	VERB
easat-9970	24	19	with	with	ADP
easat-9970	24	20	corporate	corporate	ADJ
easat-9970	24	21	performance	performance	NOUN
easat-9970	24	22	metrics	metric	NOUN
easat-9970	24	23	,	,	PUNCT
easat-9970	24	24	such	such	ADJ
easat-9970	24	25	as	as	ADP
easat-9970	24	26	the	the	DET
easat-9970	24	27	standard	standard	ADJ
easat-9970	24	28	deviation	deviation	NOUN
easat-9970	24	29	of	of	ADP
easat-9970	24	30	returns	return	NOUN
easat-9970	24	31	[	[	X
easat-9970	24	32	7	7	NUM
easat-9970	24	33	]	]	PUNCT
easat-9970	24	34	.	.	PUNCT
easat-9970	25	1	the	the	DET
easat-9970	25	2	effects	effect	NOUN
easat-9970	25	3	of	of	ADP
easat-9970	25	4	external	external	ADJ
easat-9970	25	5	financial	financial	ADJ
easat-9970	25	6	conditions	condition	NOUN
easat-9970	25	7	,	,	PUNCT
easat-9970	25	8	indicated	indicate	VERB
easat-9970	25	9	by	by	ADP
easat-9970	25	10	corporate	corporate	ADJ
easat-9970	25	11	beta	beta	NOUN
easat-9970	25	12	,	,	PUNCT
easat-9970	25	13	along	along	ADP
easat-9970	25	14	with	with	ADP
easat-9970	25	15	internal	internal	ADJ
easat-9970	25	16	conditions	condition	NOUN
easat-9970	25	17	like	like	ADP
easat-9970	25	18	return	return	NOUN
easat-9970	25	19	on	on	ADP
easat-9970	25	20	assets	asset	NOUN
easat-9970	25	21	(	(	PUNCT
easat-9970	25	22	roa	roa	NOUN
easat-9970	25	23	)	)	PUNCT
easat-9970	25	24	and	and	CCONJ
easat-9970	25	25	liquidity	liquidity	NOUN
easat-9970	25	26	(	(	PUNCT
easat-9970	25	27	current	current	ADJ
easat-9970	25	28	ratio	ratio	NOUN
easat-9970	25	29	)	)	PUNCT
easat-9970	25	30	,	,	PUNCT
easat-9970	25	31	contribute	contribute	VERB
easat-9970	25	32	to	to	ADP
easat-9970	25	33	a	a	DET
easat-9970	25	34	nuanced	nuanced	ADJ
easat-9970	25	35	understanding	understanding	NOUN
easat-9970	25	36	of	of	ADP
easat-9970	25	37	how	how	SCONJ
easat-9970	25	38	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	25	39	may	may	AUX
easat-9970	25	40	influence	influence	VERB
easat-9970	25	41	public	public	ADJ
easat-9970	25	42	companies	company	NOUN
easat-9970	25	43	in	in	ADP
easat-9970	25	44	the	the	DET
easat-9970	25	45	u.s	u.s	PROPN
easat-9970	25	46	.	.	PROPN
easat-9970	25	47	market	market	NOUN
easat-9970	25	48	.	.	PUNCT
easat-9970	26	1	investigating	investigate	VERB
easat-9970	26	2	these	these	DET
easat-9970	26	3	parameters	parameter	NOUN
easat-9970	26	4	is	be	AUX
easat-9970	26	5	crucial	crucial	ADJ
easat-9970	26	6	for	for	ADP
easat-9970	26	7	understanding	understand	VERB
easat-9970	26	8	their	their	PRON
easat-9970	26	9	potential	potential	ADJ
easat-9970	26	10	role	role	NOUN
easat-9970	26	11	as	as	ADP
easat-9970	26	12	either	either	DET
easat-9970	26	13	hedging	hedging	NOUN
easat-9970	26	14	instruments	instrument	NOUN
easat-9970	26	15	or	or	CCONJ
easat-9970	26	16	sources	source	NOUN
easat-9970	26	17	of	of	ADP
easat-9970	26	18	financial	financial	ADJ
easat-9970	26	19	instability	instability	NOUN
easat-9970	26	20	in	in	ADP
easat-9970	26	21	corporate	corporate	ADJ
easat-9970	26	22	balance	balance	NOUN
easat-9970	26	23	sheets	sheet	NOUN
easat-9970	26	24	[	[	X
easat-9970	26	25	7	7	NUM
easat-9970	26	26	,	,	PUNCT
easat-9970	26	27	10	10	NUM
easat-9970	26	28	]	]	PUNCT
easat-9970	26	29	.	.	PUNCT
easat-9970	27	1	despite	despite	SCONJ
easat-9970	27	2	the	the	DET
easat-9970	27	3	well	well	ADV
easat-9970	27	4	-	-	PUNCT
easat-9970	27	5	established	establish	VERB
easat-9970	27	6	financial	financial	ADJ
easat-9970	27	7	properties	property	NOUN
easat-9970	27	8	of	of	ADP
easat-9970	27	9	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	27	10	,	,	PUNCT
easat-9970	27	11	such	such	ADJ
easat-9970	27	12	as	as	ADP
easat-9970	27	13	their	their	PRON
easat-9970	27	14	low	low	ADJ
easat-9970	27	15	correlation	correlation	NOUN
easat-9970	27	16	with	with	ADP
easat-9970	27	17	traditional	traditional	ADJ
easat-9970	27	18	assets	asset	NOUN
easat-9970	27	19	and	and	CCONJ
easat-9970	27	20	their	their	PRON
easat-9970	27	21	potential	potential	NOUN
easat-9970	27	22	as	as	ADP
easat-9970	27	23	hedging	hedging	NOUN
easat-9970	27	24	instruments	instrument	NOUN
easat-9970	27	25	,	,	PUNCT
easat-9970	27	26	the	the	DET
easat-9970	27	27	effect	effect	NOUN
easat-9970	27	28	of	of	ADP
easat-9970	27	29	corporate	corporate	ADJ
easat-9970	27	30	cryptocurrency	cryptocurrency	NOUN
easat-9970	27	31	ownership	ownership	NOUN
easat-9970	27	32	on	on	ADP
easat-9970	27	33	firm	firm	ADJ
easat-9970	27	34	volatility	volatility	NOUN
easat-9970	27	35	remains	remain	VERB
easat-9970	27	36	a	a	DET
easat-9970	27	37	relatively	relatively	ADV
easat-9970	27	38	underexplored	underexplored	ADJ
easat-9970	27	39	area	area	NOUN
easat-9970	27	40	in	in	ADP
easat-9970	27	41	the	the	DET
easat-9970	27	42	literature	literature	NOUN
easat-9970	27	43	.	.	PUNCT
easat-9970	28	1	studies	study	NOUN
easat-9970	28	2	indicate	indicate	VERB
easat-9970	28	3	that	that	SCONJ
easat-9970	28	4	higher	high	ADJ
easat-9970	28	5	cryptocurrency	cryptocurrency	NOUN
easat-9970	28	6	volatility	volatility	NOUN
easat-9970	28	7	can	can	AUX
easat-9970	28	8	lead	lead	VERB
easat-9970	28	9	to	to	ADP
easat-9970	28	10	increased	increase	VERB
easat-9970	28	11	transaction	transaction	NOUN
easat-9970	28	12	costs	cost	NOUN
easat-9970	28	13	and	and	CCONJ
easat-9970	28	14	market	market	NOUN
easat-9970	28	15	inefficiency	inefficiency	NOUN
easat-9970	28	16	,	,	PUNCT
easat-9970	28	17	as	as	SCONJ
easat-9970	28	18	analyzed	analyze	VERB
easat-9970	28	19	in	in	ADP
easat-9970	28	20	tanos	tanos	PROPN
easat-9970	28	21	and	and	CCONJ
easat-9970	28	22	badr	badr	PROPN
easat-9970	28	23	’s	’s	PART
easat-9970	28	24	work	work	NOUN
easat-9970	28	25	on	on	ADP
easat-9970	28	26	liquidity	liquidity	NOUN
easat-9970	28	27	and	and	CCONJ
easat-9970	28	28	volatility	volatility	NOUN
easat-9970	28	29	during	during	ADP
easat-9970	28	30	the	the	DET
easat-9970	28	31	pandemic	pandemic	NOUN
easat-9970	28	32	,	,	PUNCT
easat-9970	28	33	which	which	PRON
easat-9970	28	34	underscores	underscore	VERB
easat-9970	28	35	how	how	SCONJ
easat-9970	28	36	volatility	volatility	NOUN
easat-9970	28	37	affects	affect	VERB
easat-9970	28	38	decision	decision	NOUN
easat-9970	28	39	-	-	PUNCT
easat-9970	28	40	making	making	NOUN
easat-9970	28	41	in	in	ADP
easat-9970	28	42	trading	trading	NOUN
easat-9970	28	43	environments	environment	NOUN
easat-9970	28	44	[	[	X
easat-9970	28	45	11	11	NUM
easat-9970	28	46	]	]	PUNCT
easat-9970	28	47	.	.	PUNCT
easat-9970	29	1	additionally	additionally	ADV
easat-9970	29	2	,	,	PUNCT
easat-9970	29	3	the	the	DET
easat-9970	29	4	dynamics	dynamic	NOUN
easat-9970	29	5	between	between	ADP
easat-9970	29	6	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	29	7	and	and	CCONJ
easat-9970	29	8	conventional	conventional	ADJ
easat-9970	29	9	financial	financial	ADJ
easat-9970	29	10	metrics	metric	NOUN
easat-9970	29	11	like	like	ADP
easat-9970	29	12	return	return	VERB
easat-9970	29	13	on	on	ADP
easat-9970	29	14	assets	asset	NOUN
easat-9970	29	15	(	(	PUNCT
easat-9970	29	16	roa	roa	NOUN
easat-9970	29	17	)	)	PUNCT
easat-9970	29	18	,	,	PUNCT
easat-9970	29	19	liquidity	liquidity	NOUN
easat-9970	29	20	(	(	PUNCT
easat-9970	29	21	current	current	ADJ
easat-9970	29	22	ratio	ratio	NOUN
easat-9970	29	23	)	)	PUNCT
easat-9970	29	24	,	,	PUNCT
easat-9970	29	25	and	and	CCONJ
easat-9970	29	26	corporate	corporate	ADJ
easat-9970	29	27	beta	beta	NOUN
easat-9970	29	28	suggest	suggest	VERB
easat-9970	29	29	that	that	SCONJ
easat-9970	29	30	internal	internal	ADJ
easat-9970	29	31	and	and	CCONJ
easat-9970	29	32	external	external	ADJ
easat-9970	29	33	financial	financial	ADJ
easat-9970	29	34	conditions	condition	NOUN
easat-9970	29	35	may	may	AUX
easat-9970	29	36	influence	influence	VERB
easat-9970	29	37	how	how	SCONJ
easat-9970	29	38	cryptocurrency	cryptocurrency	NOUN
easat-9970	29	39	ownership	ownership	NOUN
easat-9970	29	40	impacts	impact	VERB
easat-9970	29	41	corporate	corporate	ADJ
easat-9970	29	42	performance	performance	NOUN
easat-9970	29	43	[	[	X
easat-9970	29	44	7	7	NUM
easat-9970	29	45	,	,	PUNCT
easat-9970	29	46	12	12	NUM
easat-9970	29	47	]	]	PUNCT
easat-9970	29	48	.	.	PUNCT
easat-9970	30	1	these	these	DET
easat-9970	30	2	findings	finding	NOUN
easat-9970	30	3	imply	imply	VERB
easat-9970	30	4	that	that	SCONJ
easat-9970	30	5	while	while	SCONJ
easat-9970	30	6	cryptocurrency	cryptocurrency	NOUN
easat-9970	30	7	could	could	AUX
easat-9970	30	8	stabilize	stabilize	VERB
easat-9970	30	9	returns	return	NOUN
easat-9970	30	10	through	through	ADP
easat-9970	30	11	diversification	diversification	NOUN
easat-9970	30	12	effects	effect	NOUN
easat-9970	30	13	,	,	PUNCT
easat-9970	30	14	the	the	DET
easat-9970	30	15	underlying	underlie	VERB
easat-9970	30	16	volatility	volatility	NOUN
easat-9970	30	17	risk	risk	NOUN
easat-9970	30	18	necessitates	necessitate	VERB
easat-9970	30	19	a	a	DET
easat-9970	30	20	nuanced	nuanced	ADJ
easat-9970	30	21	approach	approach	NOUN
easat-9970	30	22	informed	inform	VERB
easat-9970	30	23	by	by	ADP
easat-9970	30	24	corporate	corporate	ADJ
easat-9970	30	25	financial	financial	ADJ
easat-9970	30	26	health	health	NOUN
easat-9970	31	1	[	[	X
easat-9970	31	2	13	13	NUM
easat-9970	31	3	,	,	PUNCT
easat-9970	31	4	14	14	NUM
easat-9970	31	5	]	]	PUNCT
easat-9970	31	6	.	.	PUNCT
easat-9970	32	1	thus	thus	ADV
easat-9970	32	2	,	,	PUNCT
easat-9970	32	3	the	the	DET
easat-9970	32	4	proposed	propose	VERB
easat-9970	32	5	framework	framework	NOUN
easat-9970	32	6	offers	offer	VERB
easat-9970	32	7	a	a	DET
easat-9970	32	8	foundation	foundation	NOUN
easat-9970	32	9	for	for	ADP
easat-9970	32	10	studying	study	VERB
easat-9970	32	11	how	how	SCONJ
easat-9970	32	12	cryptocurrency	cryptocurrency	NOUN
easat-9970	32	13	ownership	ownership	NOUN
easat-9970	32	14	interacts	interact	VERB
easat-9970	32	15	with	with	ADP
easat-9970	32	16	various	various	ADJ
easat-9970	32	17	financial	financial	ADJ
easat-9970	32	18	contexts	context	NOUN
easat-9970	32	19	to	to	PART
easat-9970	32	20	shape	shape	VERB
easat-9970	32	21	corporate	corporate	ADJ
easat-9970	32	22	volatility	volatility	NOUN
easat-9970	32	23	.	.	PUNCT
easat-9970	33	1	the	the	DET
easat-9970	33	2	evolution	evolution	NOUN
easat-9970	33	3	of	of	ADP
easat-9970	33	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	33	5	in	in	ADP
easat-9970	33	6	the	the	DET
easat-9970	33	7	united	united	PROPN
easat-9970	33	8	states	states	PROPN
easat-9970	33	9	,	,	PUNCT
easat-9970	33	10	characterized	characterize	VERB
easat-9970	33	11	by	by	ADP
easat-9970	33	12	significant	significant	ADJ
easat-9970	33	13	corporate	corporate	ADJ
easat-9970	33	14	engagement	engagement	NOUN
easat-9970	33	15	and	and	CCONJ
easat-9970	33	16	governmental	governmental	ADJ
easat-9970	33	17	policy	policy	NOUN
easat-9970	33	18	shifts	shift	NOUN
easat-9970	33	19	,	,	PUNCT
easat-9970	33	20	has	have	AUX
easat-9970	33	21	notably	notably	ADV
easat-9970	33	22	influenced	influence	VERB
easat-9970	33	23	the	the	DET
easat-9970	33	24	broader	broad	ADJ
easat-9970	33	25	financial	financial	ADJ
easat-9970	33	26	landscape	landscape	NOUN
easat-9970	33	27	.	.	PUNCT
easat-9970	34	1	however	however	ADV
easat-9970	34	2	,	,	PUNCT
easat-9970	34	3	there	there	PRON
easat-9970	34	4	is	be	VERB
easat-9970	34	5	no	no	DET
easat-9970	34	6	concrete	concrete	ADJ
easat-9970	34	7	evidence	evidence	NOUN
easat-9970	34	8	supporting	support	VERB
easat-9970	34	9	the	the	DET
easat-9970	34	10	assertion	assertion	NOUN
easat-9970	34	11	that	that	SCONJ
easat-9970	34	12	president	president	PROPN
easat-9970	34	13	trump	trump	NOUN
easat-9970	34	14	initiated	initiate	VERB
easat-9970	34	15	a	a	DET
easat-9970	34	16	u.s	u.s	PROPN
easat-9970	34	17	.	.	PROPN
easat-9970	34	18	crypto	crypto	PROPN
easat-9970	34	19	reserve	reserve	PROPN
easat-9970	34	20	.	.	PUNCT
easat-9970	35	1	as	as	ADP
easat-9970	35	2	such	such	ADJ
easat-9970	35	3	,	,	PUNCT
easat-9970	35	4	this	this	DET
easat-9970	35	5	narrative	narrative	NOUN
easat-9970	35	6	needs	need	VERB
easat-9970	35	7	to	to	PART
easat-9970	35	8	be	be	AUX
easat-9970	35	9	adjusted	adjust	VERB
easat-9970	35	10	to	to	PART
easat-9970	35	11	acknowledge	acknowledge	VERB
easat-9970	35	12	a	a	DET
easat-9970	35	13	lack	lack	NOUN
easat-9970	35	14	of	of	ADP
easat-9970	35	15	substantial	substantial	ADJ
easat-9970	35	16	government	government	NOUN
easat-9970	35	17	-	-	PUNCT
easat-9970	35	18	backed	back	VERB
easat-9970	35	19	initiatives	initiative	NOUN
easat-9970	35	20	specifically	specifically	ADV
easat-9970	35	21	named	name	VERB
easat-9970	35	22	"	"	PUNCT
easat-9970	35	23	u.s	u.s	PROPN
easat-9970	35	24	.	.	PROPN
easat-9970	35	25	crypto	crypto	PROPN
easat-9970	35	26	reserve	reserve	PROPN
easat-9970	35	27	.	.	PUNCT
easat-9970	35	28	"	"	PUNCT
easat-9970	36	1	instead	instead	ADV
easat-9970	36	2	,	,	PUNCT
easat-9970	36	3	it	it	PRON
easat-9970	36	4	may	may	AUX
easat-9970	36	5	refer	refer	VERB
easat-9970	36	6	to	to	ADP
easat-9970	36	7	general	general	ADJ
easat-9970	36	8	governmental	governmental	ADJ
easat-9970	36	9	interest	interest	NOUN
easat-9970	36	10	in	in	ADP
easat-9970	36	11	cryptocurrency	cryptocurrency	NOUN
easat-9970	36	12	regulation	regulation	NOUN
easat-9970	36	13	and	and	CCONJ
easat-9970	36	14	monitoring	monitoring	NOUN
easat-9970	36	15	.	.	PUNCT
easat-9970	37	1	public	public	ADJ
easat-9970	37	2	companies	company	NOUN
easat-9970	37	3	like	like	ADP
easat-9970	37	4	microstrategy	microstrategy	NOUN
easat-9970	37	5	and	and	CCONJ
easat-9970	37	6	tesla	tesla	PROPN
easat-9970	37	7	have	have	AUX
easat-9970	37	8	certainly	certainly	ADV
easat-9970	37	9	redefined	redefine	VERB
easat-9970	37	10	their	their	PRON
easat-9970	37	11	financial	financial	ADJ
easat-9970	37	12	strategies	strategy	NOUN
easat-9970	37	13	by	by	ADP
easat-9970	37	14	integrating	integrate	VERB
easat-9970	37	15	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	37	16	into	into	ADP
easat-9970	37	17	their	their	PRON
easat-9970	37	18	reserves	reserve	NOUN
easat-9970	37	19	.	.	PUNCT
easat-9970	38	1	microstrategy	microstrategy	NOUN
easat-9970	38	2	's	's	PART
easat-9970	38	3	acquisition	acquisition	NOUN
easat-9970	38	4	of	of	ADP
easat-9970	38	5	bitcoin	bitcoin	NOUN
easat-9970	38	6	as	as	ADP
easat-9970	38	7	a	a	DET
easat-9970	38	8	primary	primary	ADJ
easat-9970	38	9	treasury	treasury	NOUN
easat-9970	38	10	asset	asset	NOUN
easat-9970	38	11	has	have	AUX
easat-9970	38	12	been	be	AUX
easat-9970	38	13	substantial	substantial	ADJ
easat-9970	38	14	,	,	PUNCT
easat-9970	38	15	contributing	contribute	VERB
easat-9970	38	16	to	to	ADP
easat-9970	38	17	its	its	PRON
easat-9970	38	18	market	market	NOUN
easat-9970	38	19	capitalization	capitalization	NOUN
easat-9970	38	20	increases	increase	VERB
easat-9970	38	21	[	[	X
easat-9970	38	22	15	15	NUM
easat-9970	38	23	]	]	PUNCT
easat-9970	38	24	.	.	PUNCT
easat-9970	39	1	tesla	tesla	PROPN
easat-9970	39	2	’s	’s	PART
easat-9970	39	3	investments	investment	NOUN
easat-9970	39	4	reflect	reflect	VERB
easat-9970	39	5	a	a	DET
easat-9970	39	6	broader	broad	ADJ
easat-9970	39	7	trend	trend	NOUN
easat-9970	39	8	of	of	ADP
easat-9970	39	9	asset	asset	NOUN
easat-9970	39	10	diversification	diversification	NOUN
easat-9970	39	11	amid	amid	ADP
easat-9970	39	12	evolving	evolve	VERB
easat-9970	39	13	financial	financial	ADJ
easat-9970	39	14	environments	environment	NOUN
easat-9970	39	15	,	,	PUNCT
easat-9970	39	16	although	although	SCONJ
easat-9970	39	17	specifics	specific	NOUN
easat-9970	39	18	regarding	regard	VERB
easat-9970	39	19	the	the	DET
easat-9970	39	20	precise	precise	ADJ
easat-9970	39	21	impact	impact	NOUN
easat-9970	39	22	on	on	ADP
easat-9970	39	23	tesla	tesla	PROPN
easat-9970	39	24	’s	’s	PART
easat-9970	39	25	financials	financial	NOUN
easat-9970	39	26	may	may	AUX
easat-9970	39	27	vary	vary	VERB
easat-9970	39	28	.	.	PUNCT
easat-9970	40	1	additionally	additionally	ADV
easat-9970	40	2	,	,	PUNCT
easat-9970	40	3	btcs	btcs	PROPN
easat-9970	40	4	inc	inc	PROPN
easat-9970	40	5	.	.	PROPN
easat-9970	40	6	's	's	PART
easat-9970	40	7	approach	approach	NOUN
easat-9970	40	8	to	to	ADP
easat-9970	40	9	offering	offer	VERB
easat-9970	40	10	cryptocurrency	cryptocurrency	NOUN
easat-9970	40	11	dividends	dividend	NOUN
easat-9970	40	12	signifies	signify	VERB
easat-9970	40	13	innovative	innovative	ADJ
easat-9970	40	14	corporate	corporate	ADJ
easat-9970	40	15	practices	practice	NOUN
easat-9970	40	16	aligning	align	VERB
easat-9970	40	17	with	with	ADP
easat-9970	40	18	the	the	DET
easat-9970	40	19	digital	digital	ADJ
easat-9970	40	20	economy	economy	NOUN
easat-9970	41	1	[	[	X
easat-9970	41	2	16	16	NUM
easat-9970	41	3	]	]	PUNCT
easat-9970	41	4	.	.	PUNCT
easat-9970	42	1	collectively	collectively	ADV
easat-9970	42	2	,	,	PUNCT
easat-9970	42	3	these	these	DET
easat-9970	42	4	developments	development	NOUN
easat-9970	42	5	reflect	reflect	VERB
easat-9970	42	6	a	a	DET
easat-9970	42	7	transformative	transformative	ADJ
easat-9970	42	8	period	period	NOUN
easat-9970	42	9	where	where	SCONJ
easat-9970	42	10	corporations	corporation	NOUN
easat-9970	42	11	integrate	integrate	VERB
easat-9970	42	12	digital	digital	ADJ
easat-9970	42	13	assets	asset	NOUN
easat-9970	42	14	into	into	ADP
easat-9970	42	15	their	their	PRON
easat-9970	42	16	financial	financial	ADJ
easat-9970	42	17	management	management	NOUN
easat-9970	42	18	strategies	strategy	NOUN
easat-9970	42	19	,	,	PUNCT
easat-9970	42	20	showcasing	showcase	VERB
easat-9970	42	21	a	a	DET
easat-9970	42	22	broader	broad	ADJ
easat-9970	42	23	acceptance	acceptance	NOUN
easat-9970	42	24	and	and	CCONJ
easat-9970	42	25	strategic	strategic	ADJ
easat-9970	42	26	adaptation	adaptation	NOUN
easat-9970	42	27	in	in	ADP
easat-9970	42	28	the	the	DET
easat-9970	42	29	u.s	u.s	PROPN
easat-9970	42	30	.	.	PROPN
easat-9970	42	31	financial	financial	ADJ
easat-9970	42	32	sector	sector	NOUN
easat-9970	42	33	.	.	PUNCT
easat-9970	43	1	the	the	DET
easat-9970	43	2	growing	grow	VERB
easat-9970	43	3	interest	interest	NOUN
easat-9970	43	4	in	in	ADP
easat-9970	43	5	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	43	6	presents	present	VERB
easat-9970	43	7	significant	significant	ADJ
easat-9970	43	8	implications	implication	NOUN
easat-9970	43	9	for	for	ADP
easat-9970	43	10	corporate	corporate	ADJ
easat-9970	43	11	volatility	volatility	NOUN
easat-9970	43	12	performance	performance	NOUN
easat-9970	43	13	,	,	PUNCT
easat-9970	43	14	especially	especially	ADV
easat-9970	43	15	for	for	ADP
easat-9970	43	16	public	public	ADJ
easat-9970	43	17	companies	company	NOUN
easat-9970	43	18	.	.	PUNCT
easat-9970	44	1	recent	recent	ADJ
easat-9970	44	2	research	research	NOUN
easat-9970	44	3	indicates	indicate	VERB
easat-9970	44	4	that	that	SCONJ
easat-9970	44	5	cryptocurrency	cryptocurrency	NOUN
easat-9970	44	6	ownership	ownership	NOUN
easat-9970	44	7	can	can	AUX
easat-9970	44	8	greatly	greatly	ADV
easat-9970	44	9	influence	influence	VERB
easat-9970	44	10	corporate	corporate	ADJ
easat-9970	44	11	risk	risk	NOUN
easat-9970	44	12	dynamics	dynamic	NOUN
easat-9970	44	13	,	,	PUNCT
easat-9970	44	14	shaped	shape	VERB
easat-9970	44	15	by	by	ADP
easat-9970	44	16	both	both	DET
easat-9970	44	17	internal	internal	ADJ
easat-9970	44	18	factors	factor	NOUN
easat-9970	44	19	(	(	PUNCT
easat-9970	44	20	e.g.	e.g.	ADV
easat-9970	44	21	,	,	PUNCT
easat-9970	44	22	return	return	VERB
easat-9970	44	23	on	on	ADP
easat-9970	44	24	assets	asset	NOUN
easat-9970	44	25	(	(	PUNCT
easat-9970	44	26	roa	roa	NOUN
easat-9970	44	27	)	)	PUNCT
easat-9970	44	28	,	,	PUNCT
easat-9970	44	29	current	current	ADJ
easat-9970	44	30	ratios	ratio	NOUN
easat-9970	44	31	)	)	PUNCT
easat-9970	44	32	and	and	CCONJ
easat-9970	44	33	external	external	ADJ
easat-9970	44	34	financial	financial	ADJ
easat-9970	44	35	conditions	condition	NOUN
easat-9970	44	36	(	(	PUNCT
easat-9970	44	37	e.g.	e.g.	ADV
easat-9970	44	38	,	,	PUNCT
easat-9970	44	39	corporate	corporate	ADJ
easat-9970	44	40	beta	beta	NOUN
easat-9970	44	41	)	)	PUNCT
easat-9970	45	1	[	[	X
easat-9970	45	2	7	7	NUM
easat-9970	45	3	,	,	PUNCT
easat-9970	45	4	12	12	NUM
easat-9970	45	5	]	]	PUNCT
easat-9970	45	6	.	.	PUNCT
easat-9970	46	1	this	this	DET
easat-9970	46	2	interplay	interplay	NOUN
easat-9970	46	3	informs	inform	VERB
easat-9970	46	4	how	how	SCONJ
easat-9970	46	5	firms	firm	NOUN
easat-9970	46	6	manage	manage	VERB
easat-9970	46	7	cryptocurrency	cryptocurrency	NOUN
easat-9970	46	8	investments	investment	NOUN
easat-9970	46	9	to	to	PART
easat-9970	46	10	leverage	leverage	VERB
easat-9970	46	11	potential	potential	ADJ
easat-9970	46	12	benefits	benefit	NOUN
easat-9970	46	13	while	while	SCONJ
easat-9970	46	14	addressing	address	VERB
easat-9970	46	15	associated	associated	ADJ
easat-9970	46	16	risks	risk	NOUN
easat-9970	46	17	,	,	PUNCT
easat-9970	46	18	highlighting	highlight	VERB
easat-9970	46	19	the	the	DET
easat-9970	46	20	strategic	strategic	ADJ
easat-9970	46	21	necessity	necessity	NOUN
easat-9970	46	22	for	for	ADP
easat-9970	46	23	comprehensive	comprehensive	ADJ
easat-9970	46	24	financial	financial	ADJ
easat-9970	46	25	assessments	assessment	NOUN
easat-9970	46	26	prior	prior	ADV
easat-9970	46	27	to	to	ADP
easat-9970	46	28	entering	enter	VERB
easat-9970	46	29	cryptocurrency	cryptocurrency	NOUN
easat-9970	46	30	markets	market	NOUN
easat-9970	46	31	.	.	PUNCT
easat-9970	47	1	while	while	SCONJ
easat-9970	47	2	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	47	3	offer	offer	VERB
easat-9970	47	4	enticing	enticing	ADJ
easat-9970	47	5	prospects	prospect	NOUN
easat-9970	47	6	for	for	ADP
easat-9970	47	7	high	high	ADJ
easat-9970	47	8	returns	return	NOUN
easat-9970	47	9	and	and	CCONJ
easat-9970	47	10	diversification	diversification	NOUN
easat-9970	47	11	,	,	PUNCT
easat-9970	47	12	they	they	PRON
easat-9970	47	13	also	also	ADV
easat-9970	47	14	carry	carry	VERB
easat-9970	47	15	substantial	substantial	ADJ
easat-9970	47	16	volatility	volatility	NOUN
easat-9970	47	17	that	that	PRON
easat-9970	47	18	necessitates	necessitate	VERB
easat-9970	47	19	a	a	DET
easat-9970	47	20	careful	careful	ADJ
easat-9970	47	21	evaluation	evaluation	NOUN
easat-9970	47	22	of	of	ADP
easat-9970	47	23	a	a	DET
easat-9970	47	24	firm	firm	NOUN
easat-9970	47	25	's	's	PART
easat-9970	47	26	financial	financial	ADJ
easat-9970	47	27	health	health	NOUN
easat-9970	47	28	.	.	PUNCT
easat-9970	48	1	the	the	DET
easat-9970	48	2	empirical	empirical	ADJ
easat-9970	48	3	findings	finding	NOUN
easat-9970	48	4	suggest	suggest	VERB
easat-9970	48	5	that	that	SCONJ
easat-9970	48	6	the	the	DET
easat-9970	48	7	strategic	strategic	ADJ
easat-9970	48	8	integration	integration	NOUN
easat-9970	48	9	of	of	ADP
easat-9970	48	10	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	48	11	into	into	ADP
easat-9970	48	12	investment	investment	NOUN
easat-9970	48	13	portfolios	portfolio	NOUN
easat-9970	48	14	requires	require	VERB
easat-9970	48	15	a	a	DET
easat-9970	48	16	balanced	balanced	ADJ
easat-9970	48	17	approach	approach	NOUN
easat-9970	48	18	,	,	PUNCT
easat-9970	48	19	weighing	weigh	VERB
easat-9970	48	20	potential	potential	ADJ
easat-9970	48	21	returns	return	NOUN
easat-9970	48	22	against	against	ADP
easat-9970	48	23	the	the	DET
easat-9970	48	24	inherent	inherent	ADJ
easat-9970	48	25	risks	risk	NOUN
easat-9970	48	26	associated	associate	VERB
easat-9970	48	27	with	with	ADP
easat-9970	48	28	market	market	NOUN
easat-9970	48	29	758	758	NUM
easat-9970	48	30	edelweiss	edelweiss	PROPN
easat-9970	48	31	applied	apply	VERB
easat-9970	48	32	science	science	NOUN
easat-9970	48	33	and	and	CCONJ
easat-9970	48	34	technology	technology	NOUN
easat-9970	48	35	issn	issn	PROPN
easat-9970	48	36	:	:	PUNCT
easat-9970	48	37	2576	2576	NUM
easat-9970	48	38	-	-	SYM
easat-9970	48	39	8484	8484	NUM
easat-9970	48	40	vol	vol	NOUN
easat-9970	48	41	.	.	PROPN
easat-9970	49	1	9	9	NUM
easat-9970	49	2	,	,	PUNCT
easat-9970	49	3	no	no	INTJ
easat-9970	49	4	.	.	NOUN
easat-9970	49	5	9	9	NUM
easat-9970	49	6	:	:	SYM
easat-9970	49	7	756	756	NUM
easat-9970	49	8	-	-	SYM
easat-9970	49	9	769	769	NUM
easat-9970	49	10	,	,	PUNCT
easat-9970	49	11	2025	2025	NUM
easat-9970	49	12	doi	doi	NOUN
easat-9970	49	13	:	:	PUNCT
easat-9970	49	14	10.55214/2576	10.55214/2576	NUM
easat-9970	49	15	-	-	NUM
easat-9970	49	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	50	1	©	©	PROPN
easat-9970	50	2	2025	2025	NUM
easat-9970	50	3	by	by	ADP
easat-9970	50	4	the	the	DET
easat-9970	50	5	authors	author	NOUN
easat-9970	50	6	;	;	PUNCT
easat-9970	50	7	licensee	licensee	PROPN
easat-9970	50	8	learning	learn	VERB
easat-9970	50	9	gate	gate	NOUN
easat-9970	50	10	conditions	condition	NOUN
easat-9970	50	11	and	and	CCONJ
easat-9970	50	12	a	a	DET
easat-9970	50	13	firm	firm	NOUN
easat-9970	50	14	’s	’s	PART
easat-9970	50	15	financial	financial	ADJ
easat-9970	50	16	characteristics	characteristic	NOUN
easat-9970	50	17	.	.	PUNCT
easat-9970	51	1	consequently	consequently	ADV
easat-9970	51	2	,	,	PUNCT
easat-9970	51	3	companies	company	NOUN
easat-9970	51	4	must	must	AUX
easat-9970	51	5	refine	refine	VERB
easat-9970	51	6	their	their	PRON
easat-9970	51	7	investment	investment	NOUN
easat-9970	51	8	strategies	strategy	NOUN
easat-9970	51	9	to	to	PART
easat-9970	51	10	align	align	VERB
easat-9970	51	11	with	with	ADP
easat-9970	51	12	evolving	evolve	VERB
easat-9970	51	13	financial	financial	ADJ
easat-9970	51	14	landscapes	landscape	NOUN
easat-9970	51	15	,	,	PUNCT
easat-9970	51	16	ensuring	ensure	VERB
easat-9970	51	17	robustness	robustness	NOUN
easat-9970	51	18	in	in	ADP
easat-9970	51	19	the	the	DET
easat-9970	51	20	digital	digital	ADJ
easat-9970	51	21	asset	asset	NOUN
easat-9970	51	22	arena	arena	NOUN
easat-9970	51	23	[	[	X
easat-9970	51	24	12	12	NUM
easat-9970	51	25	,	,	PUNCT
easat-9970	51	26	17	17	NUM
easat-9970	51	27	]	]	PUNCT
easat-9970	51	28	.	.	PUNCT
easat-9970	52	1	the	the	DET
easat-9970	52	2	results	result	NOUN
easat-9970	52	3	of	of	ADP
easat-9970	52	4	this	this	DET
easat-9970	52	5	study	study	NOUN
easat-9970	52	6	have	have	VERB
easat-9970	52	7	several	several	ADJ
easat-9970	52	8	important	important	ADJ
easat-9970	52	9	implications	implication	NOUN
easat-9970	52	10	.	.	PUNCT
easat-9970	53	1	for	for	ADP
easat-9970	53	2	corporate	corporate	ADJ
easat-9970	53	3	management	management	NOUN
easat-9970	53	4	,	,	PUNCT
easat-9970	53	5	the	the	DET
easat-9970	53	6	results	result	NOUN
easat-9970	53	7	underscore	underscore	VERB
easat-9970	53	8	the	the	DET
easat-9970	53	9	need	need	NOUN
easat-9970	53	10	for	for	ADP
easat-9970	53	11	stricter	strict	ADJ
easat-9970	53	12	risk	risk	NOUN
easat-9970	53	13	management	management	NOUN
easat-9970	53	14	when	when	SCONJ
easat-9970	53	15	allocating	allocate	VERB
easat-9970	53	16	assets	asset	NOUN
easat-9970	53	17	to	to	ADP
easat-9970	53	18	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	53	19	.	.	PUNCT
easat-9970	54	1	companies	company	NOUN
easat-9970	54	2	are	be	AUX
easat-9970	54	3	advised	advise	VERB
easat-9970	54	4	to	to	PART
easat-9970	54	5	ensure	ensure	VERB
easat-9970	54	6	sound	sound	ADJ
easat-9970	54	7	internal	internal	ADJ
easat-9970	54	8	financial	financial	ADJ
easat-9970	54	9	conditions	condition	NOUN
easat-9970	54	10	(	(	PUNCT
easat-9970	54	11	e.g.	e.g.	ADV
easat-9970	54	12	,	,	PUNCT
easat-9970	54	13	improving	improve	VERB
easat-9970	54	14	profitability	profitability	NOUN
easat-9970	54	15	and	and	CCONJ
easat-9970	54	16	operational	operational	ADJ
easat-9970	54	17	efficiency	efficiency	NOUN
easat-9970	54	18	)	)	PUNCT
easat-9970	54	19	and	and	CCONJ
easat-9970	54	20	maintain	maintain	VERB
easat-9970	54	21	sufficient	sufficient	ADJ
easat-9970	54	22	liquidity	liquidity	NOUN
easat-9970	54	23	to	to	PART
easat-9970	54	24	mitigate	mitigate	VERB
easat-9970	54	25	the	the	DET
easat-9970	54	26	negative	negative	ADJ
easat-9970	54	27	impact	impact	NOUN
easat-9970	54	28	of	of	ADP
easat-9970	54	29	volatility	volatility	NOUN
easat-9970	54	30	from	from	ADP
easat-9970	54	31	crypto	crypto	NOUN
easat-9970	54	32	holdings	holding	NOUN
easat-9970	54	33	.	.	PUNCT
easat-9970	55	1	proactive	proactive	ADJ
easat-9970	55	2	measures	measure	NOUN
easat-9970	55	3	such	such	ADJ
easat-9970	55	4	as	as	ADP
easat-9970	55	5	establishing	establish	VERB
easat-9970	55	6	risk	risk	NOUN
easat-9970	55	7	management	management	NOUN
easat-9970	55	8	protocols	protocol	NOUN
easat-9970	55	9	for	for	ADP
easat-9970	55	10	digital	digital	ADJ
easat-9970	55	11	assets	asset	NOUN
easat-9970	55	12	,	,	PUNCT
easat-9970	55	13	stress	stress	NOUN
easat-9970	55	14	testing	testing	NOUN
easat-9970	55	15	liquidity	liquidity	NOUN
easat-9970	55	16	crisis	crisis	NOUN
easat-9970	55	17	scenarios	scenario	NOUN
easat-9970	55	18	,	,	PUNCT
easat-9970	55	19	and	and	CCONJ
easat-9970	55	20	limiting	limit	VERB
easat-9970	55	21	the	the	DET
easat-9970	55	22	proportion	proportion	NOUN
easat-9970	55	23	of	of	ADP
easat-9970	55	24	investments	investment	NOUN
easat-9970	55	25	in	in	ADP
easat-9970	55	26	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	55	27	to	to	ADP
easat-9970	55	28	the	the	DET
easat-9970	55	29	firm	firm	NOUN
easat-9970	55	30	's	's	PART
easat-9970	55	31	risk	risk	NOUN
easat-9970	55	32	capacity	capacity	NOUN
easat-9970	55	33	can	can	AUX
easat-9970	55	34	be	be	AUX
easat-9970	55	35	considered	consider	VERB
easat-9970	55	36	.	.	PUNCT
easat-9970	56	1	for	for	ADP
easat-9970	56	2	regulators	regulator	NOUN
easat-9970	56	3	and	and	CCONJ
easat-9970	56	4	policy	policy	NOUN
easat-9970	56	5	makers	maker	NOUN
easat-9970	56	6	,	,	PUNCT
easat-9970	56	7	this	this	DET
easat-9970	56	8	research	research	NOUN
easat-9970	56	9	provides	provide	VERB
easat-9970	56	10	insights	insight	NOUN
easat-9970	56	11	to	to	PART
easat-9970	56	12	formulate	formulate	VERB
easat-9970	56	13	stricter	strict	ADJ
easat-9970	56	14	regulations	regulation	NOUN
easat-9970	56	15	or	or	CCONJ
easat-9970	56	16	disclosure	disclosure	NOUN
easat-9970	56	17	guidelines	guideline	NOUN
easat-9970	56	18	regarding	regard	VERB
easat-9970	56	19	cryptocurrency	cryptocurrency	NOUN
easat-9970	56	20	holdings	holding	NOUN
easat-9970	56	21	by	by	ADP
easat-9970	56	22	public	public	ADJ
easat-9970	56	23	companies	company	NOUN
easat-9970	56	24	.	.	PUNCT
easat-9970	57	1	transparency	transparency	NOUN
easat-9970	57	2	of	of	ADP
easat-9970	57	3	financial	financial	ADJ
easat-9970	57	4	reporting	reporting	NOUN
easat-9970	57	5	on	on	ADP
easat-9970	57	6	crypto	crypto	ADJ
easat-9970	57	7	assets	asset	NOUN
easat-9970	57	8	and	and	CCONJ
easat-9970	57	9	the	the	DET
easat-9970	57	10	application	application	NOUN
easat-9970	57	11	of	of	ADP
easat-9970	57	12	appropriate	appropriate	ADJ
easat-9970	57	13	accounting	accounting	NOUN
easat-9970	57	14	standards	standard	NOUN
easat-9970	57	15	are	be	AUX
easat-9970	57	16	crucial	crucial	ADJ
easat-9970	57	17	to	to	PART
easat-9970	57	18	maintain	maintain	VERB
easat-9970	57	19	investor	investor	NOUN
easat-9970	57	20	confidence	confidence	NOUN
easat-9970	57	21	.	.	PUNCT
easat-9970	58	1	in	in	ADP
easat-9970	58	2	addition	addition	NOUN
easat-9970	58	3	,	,	PUNCT
easat-9970	58	4	regulators	regulator	NOUN
easat-9970	58	5	need	need	VERB
easat-9970	58	6	to	to	PART
easat-9970	58	7	develop	develop	VERB
easat-9970	58	8	risk	risk	NOUN
easat-9970	58	9	mitigation	mitigation	NOUN
easat-9970	58	10	strategies	strategy	NOUN
easat-9970	58	11	against	against	ADP
easat-9970	58	12	price	price	NOUN
easat-9970	58	13	fluctuations	fluctuation	NOUN
easat-9970	58	14	of	of	ADP
easat-9970	58	15	digital	digital	ADJ
easat-9970	58	16	assets	asset	NOUN
easat-9970	58	17	at	at	ADP
easat-9970	58	18	the	the	DET
easat-9970	58	19	macro	macro	ADJ
easat-9970	58	20	level	level	NOUN
easat-9970	58	21	,	,	PUNCT
easat-9970	58	22	such	such	ADJ
easat-9970	58	23	as	as	ADP
easat-9970	58	24	systemic	systemic	ADJ
easat-9970	58	25	monitoring	monitoring	NOUN
easat-9970	58	26	of	of	ADP
easat-9970	58	27	corporate	corporate	ADJ
easat-9970	58	28	exposure	exposure	NOUN
easat-9970	58	29	to	to	ADP
easat-9970	58	30	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	58	31	.	.	PUNCT
easat-9970	59	1	the	the	DET
easat-9970	59	2	remainder	remainder	NOUN
easat-9970	59	3	of	of	ADP
easat-9970	59	4	this	this	DET
easat-9970	59	5	paper	paper	NOUN
easat-9970	59	6	is	be	AUX
easat-9970	59	7	organized	organize	VERB
easat-9970	59	8	as	as	SCONJ
easat-9970	59	9	follows	follow	VERB
easat-9970	59	10	.	.	PUNCT
easat-9970	60	1	section	section	NOUN
easat-9970	60	2	2	2	NUM
easat-9970	60	3	reviews	review	VERB
easat-9970	60	4	the	the	DET
easat-9970	60	5	relevant	relevant	ADJ
easat-9970	60	6	literature	literature	NOUN
easat-9970	60	7	and	and	CCONJ
easat-9970	60	8	theoretical	theoretical	ADJ
easat-9970	60	9	foundations	foundation	NOUN
easat-9970	60	10	.	.	PUNCT
easat-9970	61	1	section	section	NOUN
easat-9970	61	2	3	3	NUM
easat-9970	61	3	describes	describe	VERB
easat-9970	61	4	the	the	DET
easat-9970	61	5	research	research	NOUN
easat-9970	61	6	methodology	methodology	NOUN
easat-9970	61	7	and	and	CCONJ
easat-9970	61	8	sample	sample	NOUN
easat-9970	61	9	selection	selection	NOUN
easat-9970	61	10	criteria	criterion	NOUN
easat-9970	61	11	.	.	PUNCT
easat-9970	62	1	section	section	NOUN
easat-9970	62	2	4	4	NUM
easat-9970	62	3	presents	present	VERB
easat-9970	62	4	the	the	DET
easat-9970	62	5	empirical	empirical	ADJ
easat-9970	62	6	results	result	NOUN
easat-9970	62	7	,	,	PUNCT
easat-9970	62	8	including	include	VERB
easat-9970	62	9	descriptive	descriptive	ADJ
easat-9970	62	10	statistics	statistic	NOUN
easat-9970	62	11	,	,	PUNCT
easat-9970	62	12	correlation	correlation	NOUN
easat-9970	62	13	analysis	analysis	NOUN
easat-9970	62	14	,	,	PUNCT
easat-9970	62	15	and	and	CCONJ
easat-9970	62	16	regression	regression	NOUN
easat-9970	62	17	findings	finding	NOUN
easat-9970	62	18	.	.	PUNCT
easat-9970	63	1	finally	finally	ADV
easat-9970	63	2	,	,	PUNCT
easat-9970	63	3	section	section	NOUN
easat-9970	63	4	5	5	NUM
easat-9970	63	5	concludes	conclude	VERB
easat-9970	63	6	the	the	DET
easat-9970	63	7	paper	paper	NOUN
easat-9970	63	8	by	by	ADP
easat-9970	63	9	summarizing	summarize	VERB
easat-9970	63	10	the	the	DET
easat-9970	63	11	key	key	ADJ
easat-9970	63	12	findings	finding	NOUN
easat-9970	63	13	and	and	CCONJ
easat-9970	63	14	providing	provide	VERB
easat-9970	63	15	recommendations	recommendation	NOUN
easat-9970	63	16	.	.	PUNCT
easat-9970	64	1	2	2	X
easat-9970	64	2	.	.	X
easat-9970	64	3	literature	literature	NOUN
easat-9970	64	4	review	review	NOUN
easat-9970	64	5	and	and	CCONJ
easat-9970	64	6	hypothesis	hypothesis	NOUN
easat-9970	64	7	2.1	2.1	NUM
easat-9970	64	8	.	.	PUNCT
easat-9970	65	1	theoretical	theoretical	ADJ
easat-9970	65	2	foundation	foundation	NOUN
easat-9970	65	3	this	this	DET
easat-9970	65	4	study	study	NOUN
easat-9970	65	5	is	be	AUX
easat-9970	65	6	theoretically	theoretically	ADV
easat-9970	65	7	framed	frame	VERB
easat-9970	65	8	by	by	ADP
easat-9970	65	9	the	the	DET
easat-9970	65	10	principles	principle	NOUN
easat-9970	65	11	of	of	ADP
easat-9970	65	12	agency	agency	NOUN
easat-9970	65	13	theory	theory	NOUN
easat-9970	65	14	and	and	CCONJ
easat-9970	65	15	the	the	DET
easat-9970	65	16	efficient	efficient	ADJ
easat-9970	65	17	market	market	NOUN
easat-9970	65	18	hypothesis	hypothesis	NOUN
easat-9970	65	19	(	(	PUNCT
easat-9970	65	20	emh	emh	PROPN
easat-9970	65	21	)	)	PUNCT
easat-9970	65	22	.	.	PUNCT
easat-9970	66	1	the	the	DET
easat-9970	66	2	latter	latter	ADJ
easat-9970	66	3	,	,	PUNCT
easat-9970	66	4	proposed	propose	VERB
easat-9970	66	5	by	by	ADP
easat-9970	66	6	fama	fama	PROPN
easat-9970	66	7	[	[	X
easat-9970	66	8	18	18	NUM
easat-9970	66	9	]	]	PUNCT
easat-9970	66	10	asserts	assert	VERB
easat-9970	66	11	that	that	SCONJ
easat-9970	66	12	asset	asset	NOUN
easat-9970	66	13	prices	price	NOUN
easat-9970	66	14	incorporate	incorporate	VERB
easat-9970	66	15	all	all	DET
easat-9970	66	16	known	know	VERB
easat-9970	66	17	information	information	NOUN
easat-9970	66	18	,	,	PUNCT
easat-9970	66	19	thereby	thereby	ADV
easat-9970	66	20	making	make	VERB
easat-9970	66	21	it	it	PRON
easat-9970	66	22	impossible	impossible	ADJ
easat-9970	66	23	to	to	PART
easat-9970	66	24	consistently	consistently	ADV
easat-9970	66	25	outperform	outperform	VERB
easat-9970	66	26	the	the	DET
easat-9970	66	27	market	market	NOUN
easat-9970	66	28	through	through	ADP
easat-9970	66	29	predictive	predictive	ADJ
easat-9970	66	30	strategies	strategy	NOUN
easat-9970	66	31	.	.	PUNCT
easat-9970	67	1	nonetheless	nonetheless	ADV
easat-9970	67	2	,	,	PUNCT
easat-9970	67	3	the	the	DET
easat-9970	67	4	advent	advent	NOUN
easat-9970	67	5	of	of	ADP
easat-9970	67	6	digital	digital	ADJ
easat-9970	67	7	assets	asset	NOUN
easat-9970	67	8	and	and	CCONJ
easat-9970	67	9	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	67	10	challenges	challenge	VERB
easat-9970	67	11	this	this	DET
easat-9970	67	12	paradigm	paradigm	NOUN
easat-9970	67	13	due	due	ADP
easat-9970	67	14	to	to	ADP
easat-9970	67	15	their	their	PRON
easat-9970	67	16	marked	mark	VERB
easat-9970	67	17	volatility	volatility	NOUN
easat-9970	67	18	and	and	CCONJ
easat-9970	67	19	market	market	NOUN
easat-9970	67	20	inefficiencies	inefficiency	NOUN
easat-9970	67	21	.	.	PUNCT
easat-9970	68	1	complementing	complement	VERB
easat-9970	68	2	emh	emh	PROPN
easat-9970	68	3	,	,	PUNCT
easat-9970	68	4	agency	agency	NOUN
easat-9970	68	5	theory	theory	NOUN
easat-9970	68	6	provides	provide	VERB
easat-9970	68	7	critical	critical	ADJ
easat-9970	68	8	insights	insight	NOUN
easat-9970	68	9	into	into	ADP
easat-9970	68	10	the	the	DET
easat-9970	68	11	conflicts	conflict	NOUN
easat-9970	68	12	of	of	ADP
easat-9970	68	13	interest	interest	NOUN
easat-9970	68	14	between	between	ADP
easat-9970	68	15	corporate	corporate	ADJ
easat-9970	68	16	managers	manager	NOUN
easat-9970	68	17	and	and	CCONJ
easat-9970	68	18	shareholders	shareholder	NOUN
easat-9970	68	19	[	[	X
easat-9970	68	20	19	19	NUM
easat-9970	68	21	]	]	PUNCT
easat-9970	68	22	.	.	PUNCT
easat-9970	69	1	this	this	DET
easat-9970	69	2	perspective	perspective	NOUN
easat-9970	69	3	is	be	AUX
easat-9970	69	4	particularly	particularly	ADV
easat-9970	69	5	relevant	relevant	ADJ
easat-9970	69	6	in	in	ADP
easat-9970	69	7	the	the	DET
easat-9970	69	8	modern	modern	ADJ
easat-9970	69	9	financial	financial	ADJ
easat-9970	69	10	landscape	landscape	NOUN
easat-9970	69	11	,	,	PUNCT
easat-9970	69	12	where	where	SCONJ
easat-9970	69	13	managerial	managerial	ADJ
easat-9970	69	14	decisions	decision	NOUN
easat-9970	69	15	regarding	regard	VERB
easat-9970	69	16	cryptocurrency	cryptocurrency	NOUN
easat-9970	69	17	investments	investment	NOUN
easat-9970	69	18	can	can	AUX
easat-9970	69	19	materially	materially	ADV
easat-9970	69	20	influence	influence	VERB
easat-9970	69	21	firm	firm	ADJ
easat-9970	69	22	performance	performance	NOUN
easat-9970	69	23	.	.	PUNCT
easat-9970	70	1	in	in	ADP
easat-9970	70	2	this	this	DET
easat-9970	70	3	research	research	NOUN
easat-9970	70	4	,	,	PUNCT
easat-9970	70	5	the	the	DET
easat-9970	70	6	study	study	NOUN
easat-9970	70	7	examine	examine	VERB
easat-9970	70	8	the	the	DET
easat-9970	70	9	impact	impact	NOUN
easat-9970	70	10	of	of	ADP
easat-9970	70	11	cryptocurrency	cryptocurrency	NOUN
easat-9970	70	12	ownership	ownership	NOUN
easat-9970	70	13	—	—	PUNCT
easat-9970	70	14	measured	measure	VERB
easat-9970	70	15	as	as	ADP
easat-9970	70	16	the	the	DET
easat-9970	70	17	ratio	ratio	NOUN
easat-9970	70	18	of	of	ADP
easat-9970	70	19	digital	digital	ADJ
easat-9970	70	20	assets	asset	NOUN
easat-9970	70	21	to	to	PART
easat-9970	70	22	total	total	VERB
easat-9970	70	23	balance	balance	NOUN
easat-9970	70	24	sheet	sheet	NOUN
easat-9970	70	25	assets	asset	NOUN
easat-9970	70	26	—	—	PUNCT
easat-9970	70	27	on	on	ADP
easat-9970	70	28	corporate	corporate	ADJ
easat-9970	70	29	volatility	volatility	NOUN
easat-9970	70	30	performance	performance	NOUN
easat-9970	70	31	,	,	PUNCT
easat-9970	70	32	operationalized	operationalize	VERB
easat-9970	70	33	as	as	ADP
easat-9970	70	34	the	the	DET
easat-9970	70	35	standard	standard	ADJ
easat-9970	70	36	deviation	deviation	NOUN
easat-9970	70	37	of	of	ADP
easat-9970	70	38	returns	return	NOUN
easat-9970	70	39	.	.	PUNCT
easat-9970	71	1	the	the	DET
easat-9970	71	2	analysis	analysis	NOUN
easat-9970	71	3	is	be	AUX
easat-9970	71	4	further	far	ADV
easat-9970	71	5	enriched	enrich	VERB
easat-9970	71	6	by	by	ADP
easat-9970	71	7	considering	consider	VERB
easat-9970	71	8	external	external	ADJ
easat-9970	71	9	financial	financial	ADJ
easat-9970	71	10	conditions	condition	NOUN
easat-9970	71	11	,	,	PUNCT
easat-9970	71	12	represented	represent	VERB
easat-9970	71	13	by	by	ADP
easat-9970	71	14	corporate	corporate	ADJ
easat-9970	71	15	beta	beta	NOUN
easat-9970	71	16	,	,	PUNCT
easat-9970	71	17	alongside	alongside	ADP
easat-9970	71	18	internal	internal	ADJ
easat-9970	71	19	financial	financial	ADJ
easat-9970	71	20	conditions	condition	NOUN
easat-9970	71	21	,	,	PUNCT
easat-9970	71	22	namely	namely	ADV
easat-9970	71	23	return	return	VERB
easat-9970	71	24	on	on	ADP
easat-9970	71	25	assets	asset	NOUN
easat-9970	71	26	(	(	PUNCT
easat-9970	71	27	roa	roa	NOUN
easat-9970	71	28	)	)	PUNCT
easat-9970	71	29	and	and	CCONJ
easat-9970	71	30	liquidity	liquidity	NOUN
easat-9970	71	31	(	(	PUNCT
easat-9970	71	32	current	current	ADJ
easat-9970	71	33	ratio	ratio	NOUN
easat-9970	71	34	)	)	PUNCT
easat-9970	71	35	.	.	PUNCT
easat-9970	72	1	through	through	ADP
easat-9970	72	2	this	this	DET
easat-9970	72	3	integrated	integrate	VERB
easat-9970	72	4	framework	framework	NOUN
easat-9970	72	5	,	,	PUNCT
easat-9970	72	6	the	the	DET
easat-9970	72	7	study	study	NOUN
easat-9970	72	8	aims	aim	VERB
easat-9970	72	9	to	to	PART
easat-9970	72	10	elucidate	elucidate	VERB
easat-9970	72	11	how	how	SCONJ
easat-9970	72	12	digital	digital	ADJ
easat-9970	72	13	asset	asset	NOUN
easat-9970	72	14	allocation	allocation	NOUN
easat-9970	72	15	strategies	strategy	NOUN
easat-9970	72	16	interact	interact	VERB
easat-9970	72	17	with	with	ADP
easat-9970	72	18	both	both	DET
easat-9970	72	19	market	market	NOUN
easat-9970	72	20	dynamics	dynamic	NOUN
easat-9970	72	21	and	and	CCONJ
easat-9970	72	22	internal	internal	ADJ
easat-9970	72	23	corporate	corporate	ADJ
easat-9970	72	24	factors	factor	NOUN
easat-9970	72	25	to	to	PART
easat-9970	72	26	affect	affect	VERB
easat-9970	72	27	firm	firm	ADJ
easat-9970	72	28	-	-	PUNCT
easat-9970	72	29	level	level	NOUN
easat-9970	72	30	risk	risk	NOUN
easat-9970	72	31	and	and	CCONJ
easat-9970	72	32	performance	performance	NOUN
easat-9970	72	33	.	.	PUNCT
easat-9970	73	1	2.2	2.2	NUM
easat-9970	73	2	.	.	PUNCT
easat-9970	74	1	crypto	crypto	NOUN
easat-9970	74	2	ownerships	ownership	NOUN
easat-9970	74	3	and	and	CCONJ
easat-9970	74	4	risk	risk	NOUN
easat-9970	74	5	:	:	PUNCT
easat-9970	74	6	how	how	SCONJ
easat-9970	74	7	market	market	NOUN
easat-9970	74	8	conditions	condition	NOUN
easat-9970	74	9	and	and	CCONJ
easat-9970	74	10	company	company	NOUN
easat-9970	74	11	performance	performance	NOUN
easat-9970	74	12	shape	shape	NOUN
easat-9970	74	13	volatility	volatility	NOUN
easat-9970	74	14	in	in	ADP
easat-9970	74	15	recent	recent	ADJ
easat-9970	74	16	years	year	NOUN
easat-9970	74	17	,	,	PUNCT
easat-9970	74	18	digital	digital	ADJ
easat-9970	74	19	assets	asset	NOUN
easat-9970	74	20	have	have	AUX
easat-9970	74	21	emerged	emerge	VERB
easat-9970	74	22	as	as	ADP
easat-9970	74	23	a	a	DET
easat-9970	74	24	transformative	transformative	ADJ
easat-9970	74	25	component	component	NOUN
easat-9970	74	26	of	of	ADP
easat-9970	74	27	corporate	corporate	ADJ
easat-9970	74	28	finance	finance	NOUN
easat-9970	74	29	.	.	PUNCT
easat-9970	75	1	with	with	ADP
easat-9970	75	2	an	an	DET
easat-9970	75	3	increasing	increase	VERB
easat-9970	75	4	number	number	NOUN
easat-9970	75	5	of	of	ADP
easat-9970	75	6	firms	firm	NOUN
easat-9970	75	7	incorporating	incorporate	VERB
easat-9970	75	8	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	75	9	into	into	ADP
easat-9970	75	10	their	their	PRON
easat-9970	75	11	balance	balance	NOUN
easat-9970	75	12	sheets	sheet	NOUN
easat-9970	75	13	,	,	PUNCT
easat-9970	75	14	the	the	DET
easat-9970	75	15	digital	digital	ADJ
easat-9970	75	16	assets	asset	NOUN
easat-9970	75	17	to	to	PART
easat-9970	75	18	balance	balance	VERB
easat-9970	75	19	sheet	sheet	NOUN
easat-9970	75	20	ratio	ratio	NOUN
easat-9970	75	21	has	have	AUX
easat-9970	75	22	become	become	VERB
easat-9970	75	23	a	a	DET
easat-9970	75	24	critical	critical	ADJ
easat-9970	75	25	metric	metric	NOUN
easat-9970	75	26	for	for	ADP
easat-9970	75	27	evaluating	evaluate	VERB
easat-9970	75	28	corporate	corporate	ADJ
easat-9970	75	29	exposure	exposure	NOUN
easat-9970	75	30	to	to	ADP
easat-9970	75	31	this	this	DET
easat-9970	75	32	emerging	emerge	VERB
easat-9970	75	33	asset	asset	NOUN
easat-9970	75	34	class	class	NOUN
easat-9970	75	35	.	.	PUNCT
easat-9970	76	1	as	as	SCONJ
easat-9970	76	2	firms	firm	NOUN
easat-9970	76	3	allocate	allocate	VERB
easat-9970	76	4	resources	resource	NOUN
easat-9970	76	5	to	to	ADP
easat-9970	76	6	these	these	DET
easat-9970	76	7	volatile	volatile	ADJ
easat-9970	76	8	digital	digital	ADJ
easat-9970	76	9	assets	asset	NOUN
easat-9970	76	10	,	,	PUNCT
easat-9970	76	11	the	the	DET
easat-9970	76	12	consequent	consequent	ADJ
easat-9970	76	13	effects	effect	NOUN
easat-9970	76	14	on	on	ADP
easat-9970	76	15	corporate	corporate	ADJ
easat-9970	76	16	volatility	volatility	NOUN
easat-9970	76	17	—	—	PUNCT
easat-9970	76	18	typically	typically	ADV
easat-9970	76	19	measured	measure	VERB
easat-9970	76	20	by	by	ADP
easat-9970	76	21	the	the	DET
easat-9970	76	22	standard	standard	ADJ
easat-9970	76	23	deviation	deviation	NOUN
easat-9970	76	24	of	of	ADP
easat-9970	76	25	returns	return	NOUN
easat-9970	76	26	—	—	PUNCT
easat-9970	76	27	merit	merit	NOUN
easat-9970	76	28	rigorous	rigorous	ADJ
easat-9970	76	29	examination	examination	NOUN
easat-9970	76	30	.	.	PUNCT
easat-9970	77	1	importantly	importantly	ADV
easat-9970	77	2	,	,	PUNCT
easat-9970	77	3	the	the	DET
easat-9970	77	4	interplay	interplay	NOUN
easat-9970	77	5	of	of	ADP
easat-9970	77	6	external	external	ADJ
easat-9970	77	7	financial	financial	ADJ
easat-9970	77	8	conditions	condition	NOUN
easat-9970	77	9	,	,	PUNCT
easat-9970	77	10	as	as	SCONJ
easat-9970	77	11	captured	capture	VERB
easat-9970	77	12	by	by	ADP
easat-9970	77	13	corporate	corporate	ADJ
easat-9970	77	14	beta	beta	NOUN
easat-9970	77	15	,	,	PUNCT
easat-9970	77	16	and	and	CCONJ
easat-9970	77	17	internal	internal	ADJ
easat-9970	77	18	financial	financial	ADJ
easat-9970	77	19	conditions	condition	NOUN
easat-9970	77	20	,	,	PUNCT
easat-9970	77	21	as	as	SCONJ
easat-9970	77	22	reflected	reflect	VERB
easat-9970	77	23	by	by	ADP
easat-9970	77	24	return	return	NOUN
easat-9970	77	25	on	on	ADP
easat-9970	77	26	assets	asset	NOUN
easat-9970	77	27	(	(	PUNCT
easat-9970	77	28	roa	roa	NOUN
easat-9970	77	29	)	)	PUNCT
easat-9970	77	30	,	,	PUNCT
easat-9970	77	31	may	may	AUX
easat-9970	77	32	moderate	moderate	VERB
easat-9970	77	33	this	this	DET
easat-9970	77	34	relationship	relationship	NOUN
easat-9970	77	35	.	.	PUNCT
easat-9970	78	1	understanding	understand	VERB
easat-9970	78	2	these	these	DET
easat-9970	78	3	dynamics	dynamic	NOUN
easat-9970	78	4	is	be	AUX
easat-9970	78	5	essential	essential	ADJ
easat-9970	78	6	for	for	ADP
easat-9970	78	7	investors	investor	NOUN
easat-9970	78	8	,	,	PUNCT
easat-9970	78	9	corporate	corporate	ADJ
easat-9970	78	10	managers	manager	NOUN
easat-9970	78	11	,	,	PUNCT
easat-9970	78	12	and	and	CCONJ
easat-9970	78	13	regulators	regulator	NOUN
easat-9970	78	14	aiming	aim	VERB
easat-9970	78	15	to	to	PART
easat-9970	78	16	balance	balance	VERB
easat-9970	78	17	risk	risk	NOUN
easat-9970	78	18	and	and	CCONJ
easat-9970	78	19	reward	reward	VERB
easat-9970	78	20	in	in	ADP
easat-9970	78	21	an	an	DET
easat-9970	78	22	evolving	evolve	VERB
easat-9970	78	23	financial	financial	ADJ
easat-9970	78	24	landscape	landscape	NOUN
easat-9970	78	25	.	.	PUNCT
easat-9970	79	1	759	759	NUM
easat-9970	79	2	edelweiss	edelweiss	PROPN
easat-9970	79	3	applied	apply	VERB
easat-9970	79	4	science	science	NOUN
easat-9970	79	5	and	and	CCONJ
easat-9970	79	6	technology	technology	NOUN
easat-9970	79	7	issn	issn	PROPN
easat-9970	79	8	:	:	PUNCT
easat-9970	79	9	2576	2576	NUM
easat-9970	79	10	-	-	SYM
easat-9970	79	11	8484	8484	NUM
easat-9970	79	12	vol	vol	NOUN
easat-9970	79	13	.	.	PROPN
easat-9970	80	1	9	9	NUM
easat-9970	80	2	,	,	PUNCT
easat-9970	80	3	no	no	INTJ
easat-9970	80	4	.	.	NOUN
easat-9970	80	5	9	9	NUM
easat-9970	80	6	:	:	SYM
easat-9970	80	7	756	756	NUM
easat-9970	80	8	-	-	SYM
easat-9970	80	9	769	769	NUM
easat-9970	80	10	,	,	PUNCT
easat-9970	80	11	2025	2025	NUM
easat-9970	80	12	doi	doi	NOUN
easat-9970	80	13	:	:	PUNCT
easat-9970	80	14	10.55214/2576	10.55214/2576	NUM
easat-9970	80	15	-	-	NUM
easat-9970	80	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	81	1	©	©	PROPN
easat-9970	81	2	2025	2025	NUM
easat-9970	81	3	by	by	ADP
easat-9970	81	4	the	the	DET
easat-9970	81	5	authors	author	NOUN
easat-9970	81	6	;	;	PUNCT
easat-9970	81	7	licensee	licensee	PROPN
easat-9970	81	8	learning	learning	NOUN
easat-9970	81	9	gate	gate	VERB
easat-9970	81	10	the	the	DET
easat-9970	81	11	integration	integration	NOUN
easat-9970	81	12	of	of	ADP
easat-9970	81	13	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	81	14	into	into	ADP
easat-9970	81	15	corporate	corporate	ADJ
easat-9970	81	16	balance	balance	NOUN
easat-9970	81	17	sheets	sheet	NOUN
easat-9970	81	18	introduces	introduce	VERB
easat-9970	81	19	a	a	DET
easat-9970	81	20	novel	novel	ADJ
easat-9970	81	21	dimension	dimension	NOUN
easat-9970	81	22	of	of	ADP
easat-9970	81	23	risk	risk	NOUN
easat-9970	81	24	management	management	NOUN
easat-9970	81	25	.	.	PUNCT
easat-9970	82	1	the	the	DET
easat-9970	82	2	digital	digital	ADJ
easat-9970	82	3	assets	asset	NOUN
easat-9970	82	4	to	to	PART
easat-9970	82	5	balance	balance	VERB
easat-9970	82	6	sheet	sheet	NOUN
easat-9970	82	7	ratio	ratio	NOUN
easat-9970	82	8	quantifies	quantifie	NOUN
easat-9970	82	9	the	the	DET
easat-9970	82	10	relative	relative	ADJ
easat-9970	82	11	weight	weight	NOUN
easat-9970	82	12	of	of	ADP
easat-9970	82	13	digital	digital	ADJ
easat-9970	82	14	asset	asset	NOUN
easat-9970	82	15	holdings	holding	NOUN
easat-9970	82	16	within	within	ADP
easat-9970	82	17	a	a	DET
easat-9970	82	18	firm	firm	NOUN
easat-9970	82	19	’s	’s	PART
easat-9970	82	20	financial	financial	ADJ
easat-9970	82	21	structure	structure	NOUN
easat-9970	82	22	.	.	PUNCT
easat-9970	83	1	early	early	ADJ
easat-9970	83	2	research	research	NOUN
easat-9970	83	3	on	on	ADP
easat-9970	83	4	digital	digital	ADJ
easat-9970	83	5	assets	asset	NOUN
easat-9970	83	6	—	—	PUNCT
easat-9970	83	7	most	most	ADV
easat-9970	83	8	notably	notably	ADV
easat-9970	83	9	bitcoin	bitcoin	ADJ
easat-9970	83	10	—	—	PUNCT
easat-9970	83	11	has	have	AUX
easat-9970	83	12	primarily	primarily	ADV
easat-9970	83	13	focused	focus	VERB
easat-9970	83	14	on	on	ADP
easat-9970	83	15	their	their	PRON
easat-9970	83	16	behaviour	behaviour	NOUN
easat-9970	83	17	as	as	ADP
easat-9970	83	18	alternative	alternative	ADJ
easat-9970	83	19	financial	financial	ADJ
easat-9970	83	20	instruments	instrument	NOUN
easat-9970	83	21	.	.	PUNCT
easat-9970	84	1	dyhrberg	dyhrberg	PROPN
easat-9970	85	1	[	[	X
easat-9970	85	2	20	20	NUM
easat-9970	85	3	]	]	PUNCT
easat-9970	85	4	provided	provide	VERB
easat-9970	85	5	one	one	NUM
easat-9970	85	6	of	of	ADP
easat-9970	85	7	the	the	DET
easat-9970	85	8	seminal	seminal	ADJ
easat-9970	85	9	analyses	analysis	NOUN
easat-9970	85	10	by	by	ADP
easat-9970	85	11	comparing	compare	VERB
easat-9970	85	12	bitcoin	bitcoin	NOUN
easat-9970	85	13	’s	’s	PART
easat-9970	85	14	volatility	volatility	NOUN
easat-9970	85	15	properties	property	NOUN
easat-9970	85	16	with	with	ADP
easat-9970	85	17	those	those	PRON
easat-9970	85	18	of	of	ADP
easat-9970	85	19	gold	gold	NOUN
easat-9970	85	20	and	and	CCONJ
easat-9970	85	21	the	the	DET
easat-9970	85	22	u.s	u.s	PROPN
easat-9970	85	23	.	.	PROPN
easat-9970	85	24	dollar	dollar	NOUN
easat-9970	85	25	,	,	PUNCT
easat-9970	85	26	using	use	VERB
easat-9970	85	27	a	a	DET
easat-9970	85	28	garch	garch	NOUN
easat-9970	85	29	framework	framework	NOUN
easat-9970	85	30	to	to	PART
easat-9970	85	31	demonstrate	demonstrate	VERB
easat-9970	85	32	bitcoin	bitcoin	PROPN
easat-9970	85	33	’s	’s	PART
easat-9970	85	34	potential	potential	NOUN
easat-9970	85	35	as	as	ADP
easat-9970	85	36	both	both	CCONJ
easat-9970	85	37	a	a	DET
easat-9970	85	38	risky	risky	ADJ
easat-9970	85	39	and	and	CCONJ
easat-9970	85	40	a	a	DET
easat-9970	85	41	hedging	hedge	VERB
easat-9970	85	42	asset	asset	NOUN
easat-9970	86	1	[	[	X
easat-9970	86	2	20	20	NUM
easat-9970	86	3	]	]	PUNCT
easat-9970	86	4	.	.	PUNCT
easat-9970	87	1	although	although	SCONJ
easat-9970	87	2	dyhrberg	dyhrberg	PROPN
easat-9970	87	3	’s	’s	PART
easat-9970	87	4	focus	focus	NOUN
easat-9970	87	5	was	be	AUX
easat-9970	87	6	on	on	ADP
easat-9970	87	7	market	market	NOUN
easat-9970	87	8	-	-	PUNCT
easat-9970	87	9	level	level	NOUN
easat-9970	87	10	asset	asset	NOUN
easat-9970	87	11	behaviour	behaviour	NOUN
easat-9970	87	12	,	,	PUNCT
easat-9970	87	13	his	his	PRON
easat-9970	87	14	methodology	methodology	NOUN
easat-9970	87	15	has	have	AUX
easat-9970	87	16	paved	pave	VERB
easat-9970	87	17	the	the	DET
easat-9970	87	18	way	way	NOUN
easat-9970	87	19	for	for	ADP
easat-9970	87	20	analyzing	analyze	VERB
easat-9970	87	21	corporate	corporate	ADJ
easat-9970	87	22	-	-	PUNCT
easat-9970	87	23	level	level	NOUN
easat-9970	87	24	exposures	exposure	NOUN
easat-9970	87	25	.	.	PUNCT
easat-9970	88	1	subsequent	subsequent	ADJ
easat-9970	88	2	studies	study	NOUN
easat-9970	88	3	have	have	AUX
easat-9970	88	4	explored	explore	VERB
easat-9970	88	5	the	the	DET
easat-9970	88	6	diversification	diversification	NOUN
easat-9970	88	7	potential	potential	NOUN
easat-9970	88	8	of	of	ADP
easat-9970	88	9	digital	digital	ADJ
easat-9970	88	10	assets	asset	NOUN
easat-9970	88	11	.	.	PUNCT
easat-9970	89	1	corbet	corbet	PROPN
easat-9970	89	2	,	,	PUNCT
easat-9970	89	3	et	et	PROPN
easat-9970	89	4	al	al	PROPN
easat-9970	89	5	.	.	PUNCT
easat-9970	90	1	[	[	X
easat-9970	90	2	21	21	NUM
easat-9970	90	3	]	]	PUNCT
easat-9970	90	4	systematically	systematically	ADV
easat-9970	90	5	reviewed	review	VERB
easat-9970	90	6	the	the	DET
easat-9970	90	7	role	role	NOUN
easat-9970	90	8	of	of	ADP
easat-9970	90	9	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	90	10	as	as	ADP
easat-9970	90	11	financial	financial	ADJ
easat-9970	90	12	assets	asset	NOUN
easat-9970	90	13	and	and	CCONJ
easat-9970	90	14	highlighted	highlight	VERB
easat-9970	90	15	that	that	SCONJ
easat-9970	90	16	increased	increase	VERB
easat-9970	90	17	exposure	exposure	NOUN
easat-9970	90	18	—	—	PUNCT
easat-9970	90	19	when	when	SCONJ
easat-9970	90	20	measured	measure	VERB
easat-9970	90	21	as	as	ADP
easat-9970	90	22	a	a	DET
easat-9970	90	23	proportion	proportion	NOUN
easat-9970	90	24	of	of	ADP
easat-9970	90	25	a	a	DET
easat-9970	90	26	firm	firm	NOUN
easat-9970	90	27	’s	’s	PART
easat-9970	90	28	total	total	ADJ
easat-9970	90	29	assets	asset	NOUN
easat-9970	90	30	—	—	PUNCT
easat-9970	90	31	can	can	AUX
easat-9970	90	32	lead	lead	VERB
easat-9970	90	33	to	to	ADP
easat-9970	90	34	elevated	elevated	ADJ
easat-9970	90	35	risk	risk	NOUN
easat-9970	90	36	levels	level	NOUN
easat-9970	90	37	due	due	ADJ
easat-9970	90	38	to	to	ADP
easat-9970	90	39	inherent	inherent	ADJ
easat-9970	90	40	market	market	NOUN
easat-9970	90	41	volatility	volatility	NOUN
easat-9970	90	42	[	[	X
easat-9970	90	43	21	21	NUM
easat-9970	90	44	]	]	PUNCT
easat-9970	90	45	.	.	PUNCT
easat-9970	91	1	collectively	collectively	ADV
easat-9970	91	2	,	,	PUNCT
easat-9970	91	3	these	these	DET
easat-9970	91	4	studies	study	NOUN
easat-9970	91	5	suggest	suggest	VERB
easat-9970	91	6	that	that	SCONJ
easat-9970	91	7	while	while	SCONJ
easat-9970	91	8	digital	digital	ADJ
easat-9970	91	9	asset	asset	NOUN
easat-9970	91	10	ownership	ownership	NOUN
easat-9970	91	11	may	may	AUX
easat-9970	91	12	offer	offer	VERB
easat-9970	91	13	diversification	diversification	NOUN
easat-9970	91	14	benefits	benefit	NOUN
easat-9970	91	15	,	,	PUNCT
easat-9970	91	16	it	it	PRON
easat-9970	91	17	simultaneously	simultaneously	ADV
easat-9970	91	18	introduces	introduce	VERB
easat-9970	91	19	nontraditional	nontraditional	ADJ
easat-9970	91	20	risks	risk	NOUN
easat-9970	91	21	that	that	PRON
easat-9970	91	22	manifest	manifest	VERB
easat-9970	91	23	in	in	ADP
easat-9970	91	24	higher	high	ADJ
easat-9970	91	25	return	return	NOUN
easat-9970	91	26	variability	variability	NOUN
easat-9970	91	27	.	.	PUNCT
easat-9970	92	1	corporate	corporate	ADJ
easat-9970	92	2	beta	beta	NOUN
easat-9970	92	3	is	be	AUX
easat-9970	92	4	widely	widely	ADV
easat-9970	92	5	used	use	VERB
easat-9970	92	6	to	to	PART
easat-9970	92	7	capture	capture	VERB
easat-9970	92	8	a	a	DET
easat-9970	92	9	firm	firm	NOUN
easat-9970	92	10	’s	’s	PART
easat-9970	92	11	systematic	systematic	ADJ
easat-9970	92	12	risk	risk	NOUN
easat-9970	92	13	or	or	CCONJ
easat-9970	92	14	its	its	PRON
easat-9970	92	15	sensitivity	sensitivity	NOUN
easat-9970	92	16	to	to	PART
easat-9970	92	17	broader	broad	ADJ
easat-9970	92	18	market	market	NOUN
easat-9970	92	19	movements	movement	NOUN
easat-9970	92	20	.	.	PUNCT
easat-9970	93	1	a	a	DET
easat-9970	93	2	higher	high	ADJ
easat-9970	93	3	beta	beta	NOUN
easat-9970	93	4	indicates	indicate	VERB
easat-9970	93	5	that	that	SCONJ
easat-9970	93	6	a	a	DET
easat-9970	93	7	firm	firm	NOUN
easat-9970	93	8	’s	’s	PART
easat-9970	93	9	stock	stock	NOUN
easat-9970	93	10	price	price	NOUN
easat-9970	93	11	is	be	AUX
easat-9970	93	12	more	more	ADV
easat-9970	93	13	volatile	volatile	ADJ
easat-9970	93	14	relative	relative	NOUN
easat-9970	93	15	to	to	ADP
easat-9970	93	16	the	the	DET
easat-9970	93	17	market	market	NOUN
easat-9970	93	18	,	,	PUNCT
easat-9970	93	19	which	which	PRON
easat-9970	93	20	could	could	AUX
easat-9970	93	21	amplify	amplify	VERB
easat-9970	93	22	the	the	DET
easat-9970	93	23	effects	effect	NOUN
easat-9970	93	24	of	of	ADP
easat-9970	93	25	additional	additional	ADJ
easat-9970	93	26	risk	risk	NOUN
easat-9970	93	27	factors	factor	NOUN
easat-9970	93	28	such	such	ADJ
easat-9970	93	29	as	as	ADP
easat-9970	93	30	digital	digital	ADJ
easat-9970	93	31	asset	asset	NOUN
easat-9970	93	32	exposure	exposure	NOUN
easat-9970	93	33	.	.	PUNCT
easat-9970	94	1	dudley	dudley	PROPN
easat-9970	94	2	,	,	PUNCT
easat-9970	94	3	et	et	PROPN
easat-9970	94	4	al	al	PROPN
easat-9970	94	5	.	.	PUNCT
easat-9970	95	1	[	[	X
easat-9970	95	2	22	22	NUM
easat-9970	95	3	]	]	PUNCT
easat-9970	95	4	showed	show	VERB
easat-9970	95	5	that	that	SCONJ
easat-9970	95	6	firms	firm	NOUN
easat-9970	95	7	engaging	engage	VERB
easat-9970	95	8	in	in	ADP
easat-9970	95	9	hedging	hedging	NOUN
easat-9970	95	10	strategies	strategy	NOUN
easat-9970	95	11	—	—	PUNCT
easat-9970	95	12	and	and	CCONJ
easat-9970	95	13	by	by	ADP
easat-9970	95	14	extension	extension	NOUN
easat-9970	95	15	,	,	PUNCT
easat-9970	95	16	those	those	PRON
easat-9970	95	17	exposed	expose	VERB
easat-9970	95	18	to	to	ADP
easat-9970	95	19	volatile	volatile	ADJ
easat-9970	95	20	instruments	instrument	NOUN
easat-9970	95	21	—	—	PUNCT
easat-9970	95	22	often	often	ADV
easat-9970	95	23	exhibit	exhibit	AUX
easat-9970	95	24	altered	alter	VERB
easat-9970	95	25	beta	beta	ADJ
easat-9970	95	26	profiles	profile	NOUN
easat-9970	95	27	that	that	PRON
easat-9970	95	28	affect	affect	VERB
easat-9970	95	29	their	their	PRON
easat-9970	95	30	overall	overall	ADJ
easat-9970	95	31	risk	risk	NOUN
easat-9970	95	32	of	of	ADP
easat-9970	95	33	financial	financial	ADJ
easat-9970	95	34	distress	distress	NOUN
easat-9970	96	1	[	[	X
easat-9970	96	2	22	22	NUM
easat-9970	96	3	]	]	PUNCT
easat-9970	96	4	.	.	PUNCT
easat-9970	97	1	when	when	SCONJ
easat-9970	97	2	applied	apply	VERB
easat-9970	97	3	to	to	ADP
easat-9970	97	4	digital	digital	ADJ
easat-9970	97	5	assets	asset	NOUN
easat-9970	97	6	,	,	PUNCT
easat-9970	97	7	the	the	DET
easat-9970	97	8	implication	implication	NOUN
easat-9970	97	9	is	be	AUX
easat-9970	97	10	that	that	SCONJ
easat-9970	97	11	firms	firm	NOUN
easat-9970	97	12	with	with	ADP
easat-9970	97	13	a	a	DET
easat-9970	97	14	high	high	ADJ
easat-9970	97	15	digital	digital	ADJ
easat-9970	97	16	assets	asset	NOUN
easat-9970	97	17	to	to	PART
easat-9970	97	18	balance	balance	VERB
easat-9970	97	19	sheet	sheet	NOUN
easat-9970	97	20	ratio	ratio	NOUN
easat-9970	97	21	might	might	AUX
easat-9970	97	22	experience	experience	VERB
easat-9970	97	23	an	an	DET
easat-9970	97	24	increased	increase	VERB
easat-9970	97	25	beta	beta	NOUN
easat-9970	97	26	if	if	SCONJ
easat-9970	97	27	these	these	DET
easat-9970	97	28	assets	asset	NOUN
easat-9970	97	29	are	be	AUX
easat-9970	97	30	highly	highly	ADV
easat-9970	97	31	volatile	volatile	ADJ
easat-9970	97	32	.	.	PUNCT
easat-9970	98	1	field	field	NOUN
easat-9970	98	2	and	and	CCONJ
easat-9970	98	3	inci	inci	ADJ
easat-9970	98	4	[	[	X
easat-9970	98	5	7	7	X
easat-9970	98	6	]	]	PUNCT
easat-9970	98	7	examined	examine	VERB
easat-9970	98	8	the	the	DET
easat-9970	98	9	pricing	pricing	NOUN
easat-9970	98	10	of	of	ADP
easat-9970	98	11	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	98	12	and	and	CCONJ
easat-9970	98	13	noted	note	VERB
easat-9970	98	14	that	that	SCONJ
easat-9970	98	15	the	the	DET
easat-9970	98	16	market	market	NOUN
easat-9970	98	17	’s	’s	PART
easat-9970	98	18	reaction	reaction	NOUN
easat-9970	98	19	to	to	ADP
easat-9970	98	20	digital	digital	ADJ
easat-9970	98	21	asset	asset	NOUN
easat-9970	98	22	disclosures	disclosure	NOUN
easat-9970	98	23	is	be	AUX
easat-9970	98	24	often	often	ADV
easat-9970	98	25	pronounced	pronounce	VERB
easat-9970	98	26	,	,	PUNCT
easat-9970	98	27	suggesting	suggest	VERB
easat-9970	98	28	that	that	SCONJ
easat-9970	98	29	firms	firm	NOUN
easat-9970	98	30	with	with	ADP
easat-9970	98	31	substantial	substantial	ADJ
easat-9970	98	32	digital	digital	ADJ
easat-9970	98	33	asset	asset	NOUN
easat-9970	98	34	positions	position	NOUN
easat-9970	98	35	may	may	AUX
easat-9970	98	36	face	face	VERB
easat-9970	98	37	a	a	DET
easat-9970	98	38	magnified	magnify	VERB
easat-9970	98	39	sensitivity	sensitivity	NOUN
easat-9970	98	40	to	to	PART
easat-9970	98	41	market	market	NOUN
easat-9970	98	42	shocks	shock	NOUN
easat-9970	98	43	[	[	X
easat-9970	98	44	7	7	NUM
easat-9970	98	45	]	]	PUNCT
easat-9970	98	46	.	.	PUNCT
easat-9970	99	1	this	this	DET
easat-9970	99	2	heightened	heighten	VERB
easat-9970	99	3	sensitivity	sensitivity	NOUN
easat-9970	99	4	is	be	AUX
easat-9970	99	5	particularly	particularly	ADV
easat-9970	99	6	significant	significant	ADJ
easat-9970	99	7	in	in	ADP
easat-9970	99	8	turbulent	turbulent	ADJ
easat-9970	99	9	market	market	NOUN
easat-9970	99	10	conditions	condition	NOUN
easat-9970	99	11	where	where	SCONJ
easat-9970	99	12	external	external	ADJ
easat-9970	99	13	factors	factor	NOUN
easat-9970	99	14	—	—	PUNCT
easat-9970	99	15	such	such	ADJ
easat-9970	99	16	as	as	ADP
easat-9970	99	17	macroeconomic	macroeconomic	ADJ
easat-9970	99	18	news	news	NOUN
easat-9970	99	19	or	or	CCONJ
easat-9970	99	20	regulatory	regulatory	ADJ
easat-9970	99	21	announcements	announcement	NOUN
easat-9970	99	22	—	—	PUNCT
easat-9970	99	23	can	can	AUX
easat-9970	99	24	induce	induce	VERB
easat-9970	99	25	rapid	rapid	ADJ
easat-9970	99	26	shifts	shift	NOUN
easat-9970	99	27	in	in	ADP
easat-9970	99	28	investor	investor	NOUN
easat-9970	99	29	sentiment	sentiment	NOUN
easat-9970	99	30	.	.	PUNCT
easat-9970	100	1	as	as	ADP
easat-9970	100	2	a	a	DET
easat-9970	100	3	result	result	NOUN
easat-9970	100	4	,	,	PUNCT
easat-9970	100	5	the	the	DET
easat-9970	100	6	corporate	corporate	ADJ
easat-9970	100	7	beta	beta	NOUN
easat-9970	100	8	may	may	AUX
easat-9970	100	9	not	not	PART
easat-9970	100	10	only	only	ADV
easat-9970	100	11	reflect	reflect	VERB
easat-9970	100	12	traditional	traditional	ADJ
easat-9970	100	13	market	market	NOUN
easat-9970	100	14	risk	risk	NOUN
easat-9970	100	15	but	but	CCONJ
easat-9970	100	16	also	also	ADV
easat-9970	100	17	encapsulate	encapsulate	VERB
easat-9970	100	18	the	the	DET
easat-9970	100	19	additional	additional	ADJ
easat-9970	100	20	risk	risk	NOUN
easat-9970	100	21	introduced	introduce	VERB
easat-9970	100	22	by	by	ADP
easat-9970	100	23	digital	digital	ADJ
easat-9970	100	24	asset	asset	NOUN
easat-9970	100	25	volatility	volatility	NOUN
easat-9970	100	26	.	.	PUNCT
easat-9970	101	1	while	while	SCONJ
easat-9970	101	2	external	external	ADJ
easat-9970	101	3	factors	factor	NOUN
easat-9970	101	4	play	play	VERB
easat-9970	101	5	a	a	DET
easat-9970	101	6	significant	significant	ADJ
easat-9970	101	7	role	role	NOUN
easat-9970	101	8	in	in	ADP
easat-9970	101	9	influencing	influence	VERB
easat-9970	101	10	a	a	DET
easat-9970	101	11	firm	firm	NOUN
easat-9970	101	12	’s	’s	PART
easat-9970	101	13	volatility	volatility	NOUN
easat-9970	101	14	,	,	PUNCT
easat-9970	101	15	internal	internal	ADJ
easat-9970	101	16	financial	financial	ADJ
easat-9970	101	17	conditions	condition	NOUN
easat-9970	101	18	are	be	AUX
easat-9970	101	19	equally	equally	ADV
easat-9970	101	20	important	important	ADJ
easat-9970	101	21	.	.	PUNCT
easat-9970	102	1	return	return	VERB
easat-9970	102	2	on	on	ADP
easat-9970	102	3	assets	asset	NOUN
easat-9970	102	4	(	(	PUNCT
easat-9970	102	5	roa	roa	NOUN
easat-9970	102	6	)	)	PUNCT
easat-9970	102	7	is	be	AUX
easat-9970	102	8	a	a	DET
easat-9970	102	9	key	key	ADJ
easat-9970	102	10	measure	measure	NOUN
easat-9970	102	11	of	of	ADP
easat-9970	102	12	operational	operational	ADJ
easat-9970	102	13	efficiency	efficiency	NOUN
easat-9970	102	14	and	and	CCONJ
easat-9970	102	15	profitability	profitability	NOUN
easat-9970	102	16	,	,	PUNCT
easat-9970	102	17	indicating	indicate	VERB
easat-9970	102	18	how	how	SCONJ
easat-9970	102	19	well	well	ADV
easat-9970	102	20	a	a	DET
easat-9970	102	21	firm	firm	NOUN
easat-9970	102	22	utilizes	utilize	VERB
easat-9970	102	23	its	its	PRON
easat-9970	102	24	assets	asset	NOUN
easat-9970	102	25	to	to	PART
easat-9970	102	26	generate	generate	VERB
easat-9970	102	27	earnings	earning	NOUN
easat-9970	102	28	.	.	PUNCT
easat-9970	103	1	a	a	DET
easat-9970	103	2	robust	robust	ADJ
easat-9970	103	3	roa	roa	NOUN
easat-9970	103	4	generally	generally	ADV
easat-9970	103	5	signals	signal	VERB
easat-9970	103	6	effective	effective	ADJ
easat-9970	103	7	management	management	NOUN
easat-9970	103	8	and	and	CCONJ
easat-9970	103	9	can	can	AUX
easat-9970	103	10	serve	serve	VERB
easat-9970	103	11	as	as	ADP
easat-9970	103	12	a	a	DET
easat-9970	103	13	stabilizing	stabilize	VERB
easat-9970	103	14	factor	factor	NOUN
easat-9970	103	15	amid	amid	ADP
easat-9970	103	16	external	external	ADJ
easat-9970	103	17	shocks	shock	NOUN
easat-9970	103	18	.	.	PUNCT
easat-9970	104	1	for	for	ADP
easat-9970	104	2	example	example	NOUN
easat-9970	104	3	,	,	PUNCT
easat-9970	104	4	faulkender	faulkender	NOUN
easat-9970	104	5	,	,	PUNCT
easat-9970	104	6	et	et	PROPN
easat-9970	104	7	al	al	PROPN
easat-9970	104	8	.	.	PUNCT
easat-9970	105	1	[	[	X
easat-9970	105	2	23	23	NUM
easat-9970	105	3	]	]	PUNCT
easat-9970	105	4	demonstrated	demonstrate	VERB
easat-9970	105	5	that	that	SCONJ
easat-9970	105	6	firms	firm	NOUN
easat-9970	105	7	with	with	ADP
easat-9970	105	8	efficient	efficient	ADJ
easat-9970	105	9	asset	asset	NOUN
easat-9970	105	10	utilization	utilization	NOUN
easat-9970	105	11	often	often	ADV
easat-9970	105	12	exhibit	exhibit	VERB
easat-9970	105	13	superior	superior	ADJ
easat-9970	105	14	performance	performance	NOUN
easat-9970	105	15	under	under	ADP
easat-9970	105	16	leverage	leverage	NOUN
easat-9970	105	17	,	,	PUNCT
easat-9970	105	18	suggesting	suggest	VERB
easat-9970	105	19	that	that	SCONJ
easat-9970	105	20	sound	sound	ADJ
easat-9970	105	21	internal	internal	ADJ
easat-9970	105	22	management	management	NOUN
easat-9970	105	23	can	can	AUX
easat-9970	105	24	mitigate	mitigate	VERB
easat-9970	105	25	volatility	volatility	NOUN
easat-9970	105	26	[	[	X
easat-9970	105	27	23	23	NUM
easat-9970	105	28	]	]	PUNCT
easat-9970	105	29	.	.	PUNCT
easat-9970	106	1	in	in	ADP
easat-9970	106	2	the	the	DET
easat-9970	106	3	context	context	NOUN
easat-9970	106	4	of	of	ADP
easat-9970	106	5	digital	digital	ADJ
easat-9970	106	6	assets	asset	NOUN
easat-9970	106	7	,	,	PUNCT
easat-9970	106	8	a	a	DET
easat-9970	106	9	strong	strong	ADJ
easat-9970	106	10	roa	roa	NOUN
easat-9970	106	11	may	may	AUX
easat-9970	106	12	indicate	indicate	VERB
easat-9970	106	13	that	that	SCONJ
easat-9970	106	14	a	a	DET
easat-9970	106	15	firm	firm	NOUN
easat-9970	106	16	has	have	VERB
easat-9970	106	17	the	the	DET
easat-9970	106	18	internal	internal	ADJ
easat-9970	106	19	resources	resource	NOUN
easat-9970	106	20	and	and	CCONJ
easat-9970	106	21	operational	operational	ADJ
easat-9970	106	22	discipline	discipline	NOUN
easat-9970	106	23	to	to	PART
easat-9970	106	24	effectively	effectively	ADV
easat-9970	106	25	integrate	integrate	VERB
easat-9970	106	26	and	and	CCONJ
easat-9970	106	27	manage	manage	VERB
easat-9970	106	28	the	the	DET
easat-9970	106	29	risks	risk	NOUN
easat-9970	106	30	associated	associate	VERB
easat-9970	106	31	with	with	ADP
easat-9970	106	32	cryptocurrency	cryptocurrency	NOUN
easat-9970	106	33	holdings	holding	NOUN
easat-9970	106	34	.	.	PUNCT
easat-9970	107	1	campbell	campbell	PROPN
easat-9970	107	2	,	,	PUNCT
easat-9970	107	3	et	et	PROPN
easat-9970	107	4	al	al	PROPN
easat-9970	107	5	.	.	PUNCT
easat-9970	108	1	[	[	X
easat-9970	108	2	24	24	NUM
easat-9970	108	3	]	]	PUNCT
easat-9970	108	4	further	far	ADV
easat-9970	108	5	emphasized	emphasize	VERB
easat-9970	108	6	that	that	SCONJ
easat-9970	108	7	internal	internal	ADJ
easat-9970	108	8	efficiency	efficiency	NOUN
easat-9970	108	9	plays	play	VERB
easat-9970	108	10	a	a	DET
easat-9970	108	11	crucial	crucial	ADJ
easat-9970	108	12	role	role	NOUN
easat-9970	108	13	in	in	ADP
easat-9970	108	14	dampening	dampen	VERB
easat-9970	108	15	distress	distress	NOUN
easat-9970	108	16	risk	risk	NOUN
easat-9970	108	17	,	,	PUNCT
easat-9970	108	18	implying	imply	VERB
easat-9970	108	19	that	that	SCONJ
easat-9970	108	20	firms	firm	NOUN
easat-9970	108	21	with	with	ADP
easat-9970	108	22	higher	high	ADJ
easat-9970	108	23	profitability	profitability	NOUN
easat-9970	108	24	may	may	AUX
easat-9970	108	25	be	be	AUX
easat-9970	108	26	better	well	ADV
easat-9970	108	27	positioned	position	VERB
easat-9970	108	28	to	to	PART
easat-9970	108	29	absorb	absorb	VERB
easat-9970	108	30	the	the	DET
easat-9970	108	31	shocks	shock	NOUN
easat-9970	108	32	associated	associate	VERB
easat-9970	108	33	with	with	ADP
easat-9970	108	34	digital	digital	ADJ
easat-9970	108	35	asset	asset	NOUN
easat-9970	108	36	volatility	volatility	NOUN
easat-9970	108	37	[	[	X
easat-9970	108	38	24	24	NUM
easat-9970	108	39	]	]	PUNCT
easat-9970	108	40	.	.	PUNCT
easat-9970	109	1	hence	hence	ADV
easat-9970	109	2	,	,	PUNCT
easat-9970	109	3	the	the	DET
easat-9970	109	4	moderating	moderate	VERB
easat-9970	109	5	effect	effect	NOUN
easat-9970	109	6	of	of	ADP
easat-9970	109	7	roa	roa	PROPN
easat-9970	109	8	is	be	AUX
easat-9970	109	9	likely	likely	ADJ
easat-9970	109	10	to	to	PART
easat-9970	109	11	be	be	AUX
easat-9970	109	12	significant	significant	ADJ
easat-9970	109	13	in	in	ADP
easat-9970	109	14	understanding	understand	VERB
easat-9970	109	15	the	the	DET
easat-9970	109	16	net	net	ADJ
easat-9970	109	17	impact	impact	NOUN
easat-9970	109	18	of	of	ADP
easat-9970	109	19	digital	digital	ADJ
easat-9970	109	20	asset	asset	NOUN
easat-9970	109	21	exposure	exposure	NOUN
easat-9970	109	22	on	on	ADP
easat-9970	109	23	corporate	corporate	ADJ
easat-9970	109	24	volatility	volatility	NOUN
easat-9970	109	25	.	.	PUNCT
easat-9970	110	1	the	the	DET
easat-9970	110	2	interaction	interaction	NOUN
easat-9970	110	3	between	between	ADP
easat-9970	110	4	external	external	ADJ
easat-9970	110	5	and	and	CCONJ
easat-9970	110	6	internal	internal	ADJ
easat-9970	110	7	conditions	condition	NOUN
easat-9970	110	8	is	be	AUX
easat-9970	110	9	not	not	PART
easat-9970	110	10	simply	simply	ADV
easat-9970	110	11	additive	additive	ADJ
easat-9970	110	12	but	but	CCONJ
easat-9970	110	13	rather	rather	ADV
easat-9970	110	14	conditional	conditional	ADJ
easat-9970	110	15	.	.	PUNCT
easat-9970	111	1	field	field	NOUN
easat-9970	111	2	and	and	CCONJ
easat-9970	111	3	inci	inci	ADJ
easat-9970	112	1	[	[	X
easat-9970	112	2	7	7	X
easat-9970	112	3	]	]	PUNCT
easat-9970	112	4	have	have	AUX
easat-9970	112	5	proposed	propose	VERB
easat-9970	112	6	conceptual	conceptual	ADJ
easat-9970	112	7	models	model	NOUN
easat-9970	112	8	in	in	ADP
easat-9970	112	9	which	which	PRON
easat-9970	112	10	digital	digital	ADJ
easat-9970	112	11	asset	asset	NOUN
easat-9970	112	12	exposure	exposure	NOUN
easat-9970	112	13	’s	’s	PART
easat-9970	112	14	effect	effect	NOUN
easat-9970	112	15	on	on	ADP
easat-9970	112	16	volatility	volatility	NOUN
easat-9970	112	17	is	be	AUX
easat-9970	112	18	jointly	jointly	ADV
easat-9970	112	19	determined	determine	VERB
easat-9970	112	20	by	by	ADP
easat-9970	112	21	market	market	NOUN
easat-9970	112	22	sensitivity	sensitivity	NOUN
easat-9970	112	23	and	and	CCONJ
easat-9970	112	24	internal	internal	ADJ
easat-9970	112	25	operational	operational	ADJ
easat-9970	112	26	efficiency	efficiency	NOUN
easat-9970	112	27	.	.	PUNCT
easat-9970	113	1	in	in	ADP
easat-9970	113	2	such	such	ADJ
easat-9970	113	3	models	model	NOUN
easat-9970	113	4	,	,	PUNCT
easat-9970	113	5	firms	firm	NOUN
easat-9970	113	6	with	with	ADP
easat-9970	113	7	high	high	ADJ
easat-9970	113	8	digital	digital	ADJ
easat-9970	113	9	asset	asset	NOUN
easat-9970	113	10	ratios	ratio	NOUN
easat-9970	113	11	,	,	PUNCT
easat-9970	113	12	high	high	ADJ
easat-9970	113	13	corporate	corporate	ADJ
easat-9970	113	14	beta	beta	NOUN
easat-9970	113	15	,	,	PUNCT
easat-9970	113	16	and	and	CCONJ
easat-9970	113	17	low	low	ADJ
easat-9970	113	18	roa	roa	NOUN
easat-9970	113	19	are	be	AUX
easat-9970	113	20	predicted	predict	VERB
easat-9970	113	21	to	to	PART
easat-9970	113	22	experience	experience	VERB
easat-9970	113	23	the	the	DET
easat-9970	113	24	highest	high	ADJ
easat-9970	113	25	levels	level	NOUN
easat-9970	113	26	of	of	ADP
easat-9970	113	27	volatility	volatility	NOUN
easat-9970	113	28	,	,	PUNCT
easat-9970	113	29	whereas	whereas	SCONJ
easat-9970	113	30	those	those	PRON
easat-9970	113	31	with	with	ADP
easat-9970	113	32	robust	robust	ADJ
easat-9970	113	33	internal	internal	ADJ
easat-9970	113	34	performance	performance	NOUN
easat-9970	113	35	(	(	PUNCT
easat-9970	113	36	high	high	ADJ
easat-9970	113	37	roa	roa	NOUN
easat-9970	113	38	)	)	PUNCT
easat-9970	113	39	may	may	AUX
easat-9970	113	40	see	see	VERB
easat-9970	113	41	a	a	DET
easat-9970	113	42	dampened	dampened	ADJ
easat-9970	113	43	volatility	volatility	NOUN
easat-9970	113	44	response	response	NOUN
easat-9970	113	45	even	even	ADV
easat-9970	113	46	if	if	SCONJ
easat-9970	113	47	they	they	PRON
easat-9970	113	48	maintain	maintain	VERB
easat-9970	113	49	high	high	ADJ
easat-9970	113	50	digital	digital	ADJ
easat-9970	113	51	asset	asset	NOUN
easat-9970	113	52	exposure	exposure	NOUN
easat-9970	113	53	.	.	PUNCT
easat-9970	114	1	integrating	integrate	VERB
easat-9970	114	2	the	the	DET
easat-9970	114	3	insights	insight	NOUN
easat-9970	114	4	from	from	ADP
easat-9970	114	5	the	the	DET
easat-9970	114	6	reviewed	review	VERB
easat-9970	114	7	literature	literature	NOUN
easat-9970	114	8	,	,	PUNCT
easat-9970	114	9	it	it	PRON
easat-9970	114	10	becomes	become	VERB
easat-9970	114	11	clear	clear	ADJ
easat-9970	114	12	that	that	SCONJ
easat-9970	114	13	the	the	DET
easat-9970	114	14	impact	impact	NOUN
easat-9970	114	15	of	of	ADP
easat-9970	114	16	cryptocurrency	cryptocurrency	NOUN
easat-9970	114	17	ownership	ownership	NOUN
easat-9970	114	18	on	on	ADP
easat-9970	114	19	corporate	corporate	ADJ
easat-9970	114	20	volatility	volatility	NOUN
easat-9970	114	21	is	be	AUX
easat-9970	114	22	a	a	DET
easat-9970	114	23	multifaceted	multifaceted	ADJ
easat-9970	114	24	issue	issue	NOUN
easat-9970	114	25	that	that	PRON
easat-9970	114	26	hinges	hinge	VERB
easat-9970	114	27	on	on	ADP
easat-9970	114	28	both	both	CCONJ
easat-9970	114	29	external	external	ADJ
easat-9970	114	30	and	and	CCONJ
easat-9970	114	31	internal	internal	ADJ
easat-9970	114	32	financial	financial	ADJ
easat-9970	114	33	conditions	condition	NOUN
easat-9970	114	34	.	.	PUNCT
easat-9970	115	1	the	the	DET
easat-9970	115	2	digital	digital	ADJ
easat-9970	115	3	assets	asset	NOUN
easat-9970	115	4	to	to	PART
easat-9970	115	5	balance	balance	VERB
easat-9970	115	6	sheet	sheet	NOUN
easat-9970	115	7	ratio	ratio	NOUN
easat-9970	115	8	not	not	PART
easat-9970	115	9	only	only	ADV
easat-9970	115	10	reflects	reflect	VERB
easat-9970	115	11	a	a	DET
easat-9970	115	12	firm	firm	NOUN
easat-9970	115	13	’s	’s	PART
easat-9970	115	14	exposure	exposure	NOUN
easat-9970	115	15	to	to	ADP
easat-9970	115	16	a	a	DET
easat-9970	115	17	volatile	volatile	ADJ
easat-9970	115	18	asset	asset	NOUN
easat-9970	115	19	class	class	NOUN
easat-9970	115	20	but	but	CCONJ
easat-9970	115	21	also	also	ADV
easat-9970	115	22	interacts	interact	VERB
easat-9970	115	23	with	with	ADP
easat-9970	115	24	market	market	NOUN
easat-9970	115	25	-	-	PUNCT
easat-9970	115	26	wide	wide	ADJ
easat-9970	115	27	risk	risk	NOUN
easat-9970	115	28	factors	factor	NOUN
easat-9970	115	29	(	(	PUNCT
easat-9970	115	30	corporate	corporate	ADJ
easat-9970	115	31	beta	beta	NOUN
easat-9970	115	32	)	)	PUNCT
easat-9970	115	33	and	and	CCONJ
easat-9970	115	34	760	760	NUM
easat-9970	115	35	edelweiss	edelweiss	PROPN
easat-9970	115	36	applied	apply	VERB
easat-9970	115	37	science	science	NOUN
easat-9970	115	38	and	and	CCONJ
easat-9970	115	39	technology	technology	NOUN
easat-9970	115	40	issn	issn	PROPN
easat-9970	115	41	:	:	PUNCT
easat-9970	115	42	2576	2576	NUM
easat-9970	115	43	-	-	SYM
easat-9970	115	44	8484	8484	NUM
easat-9970	115	45	vol	vol	NOUN
easat-9970	115	46	.	.	PROPN
easat-9970	116	1	9	9	NUM
easat-9970	116	2	,	,	PUNCT
easat-9970	116	3	no	no	INTJ
easat-9970	116	4	.	.	NOUN
easat-9970	116	5	9	9	NUM
easat-9970	116	6	:	:	SYM
easat-9970	116	7	756	756	NUM
easat-9970	116	8	-	-	SYM
easat-9970	116	9	769	769	NUM
easat-9970	116	10	,	,	PUNCT
easat-9970	116	11	2025	2025	NUM
easat-9970	116	12	doi	doi	NOUN
easat-9970	116	13	:	:	PUNCT
easat-9970	116	14	10.55214/2576	10.55214/2576	NUM
easat-9970	116	15	-	-	NUM
easat-9970	116	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	117	1	©	©	PROPN
easat-9970	117	2	2025	2025	NUM
easat-9970	117	3	by	by	ADP
easat-9970	117	4	the	the	DET
easat-9970	117	5	authors	author	NOUN
easat-9970	117	6	;	;	PUNCT
easat-9970	117	7	licensee	licensee	PROPN
easat-9970	117	8	learning	learning	NOUN
easat-9970	117	9	gate	gate	NOUN
easat-9970	117	10	firm	firm	ADJ
easat-9970	117	11	-	-	PUNCT
easat-9970	117	12	specific	specific	ADJ
easat-9970	117	13	performance	performance	NOUN
easat-9970	117	14	indicators	indicator	NOUN
easat-9970	117	15	(	(	PUNCT
easat-9970	117	16	roa	roa	NOUN
easat-9970	117	17	)	)	PUNCT
easat-9970	117	18	.	.	PUNCT
easat-9970	118	1	the	the	DET
easat-9970	118	2	evidence	evidence	NOUN
easat-9970	118	3	suggests	suggest	VERB
easat-9970	118	4	that	that	SCONJ
easat-9970	118	5	while	while	SCONJ
easat-9970	118	6	digital	digital	ADJ
easat-9970	118	7	asset	asset	NOUN
easat-9970	118	8	integration	integration	NOUN
easat-9970	118	9	can	can	AUX
easat-9970	118	10	enhance	enhance	VERB
easat-9970	118	11	potential	potential	ADJ
easat-9970	118	12	returns	return	NOUN
easat-9970	118	13	,	,	PUNCT
easat-9970	118	14	it	it	PRON
easat-9970	118	15	also	also	ADV
easat-9970	118	16	increases	increase	VERB
easat-9970	118	17	overall	overall	ADJ
easat-9970	118	18	risk	risk	NOUN
easat-9970	118	19	—	—	PUNCT
easat-9970	118	20	particularly	particularly	ADV
easat-9970	118	21	when	when	SCONJ
easat-9970	118	22	external	external	ADJ
easat-9970	118	23	conditions	condition	NOUN
easat-9970	118	24	are	be	AUX
easat-9970	118	25	adverse	adverse	ADJ
easat-9970	118	26	and	and	CCONJ
easat-9970	118	27	internal	internal	ADJ
easat-9970	118	28	performance	performance	NOUN
easat-9970	118	29	is	be	AUX
easat-9970	118	30	suboptimal	suboptimal	ADJ
easat-9970	118	31	.	.	PUNCT
easat-9970	119	1	based	base	VERB
easat-9970	119	2	on	on	ADP
easat-9970	119	3	this	this	DET
easat-9970	119	4	synthesis	synthesis	NOUN
easat-9970	119	5	,	,	PUNCT
easat-9970	119	6	the	the	DET
easat-9970	119	7	study	study	NOUN
easat-9970	119	8	posit	posit	VERB
easat-9970	119	9	the	the	DET
easat-9970	119	10	following	follow	VERB
easat-9970	119	11	hypothesis	hypothesis	NOUN
easat-9970	119	12	:	:	PUNCT
easat-9970	119	13	hypothesis	hypothesis	NOUN
easat-9970	119	14	1	1	NUM
easat-9970	119	15	.	.	PUNCT
easat-9970	120	1	cryptocurrency	cryptocurrency	NOUN
easat-9970	120	2	ownership	ownership	NOUN
easat-9970	120	3	has	have	VERB
easat-9970	120	4	an	an	DET
easat-9970	120	5	impact	impact	NOUN
easat-9970	120	6	on	on	ADP
easat-9970	120	7	corporate	corporate	ADJ
easat-9970	120	8	performance	performance	NOUN
easat-9970	120	9	volatility	volatility	NOUN
easat-9970	120	10	.	.	PUNCT
easat-9970	121	1	hypothesis	hypothesis	NOUN
easat-9970	121	2	1.1	1.1	NUM
easat-9970	121	3	.	.	PUNCT
easat-9970	122	1	cryptocurrency	cryptocurrency	NOUN
easat-9970	122	2	ownership	ownership	NOUN
easat-9970	122	3	has	have	VERB
easat-9970	122	4	a	a	DET
easat-9970	122	5	distinct	distinct	ADJ
easat-9970	122	6	effect	effect	NOUN
easat-9970	122	7	on	on	ADP
easat-9970	122	8	corporate	corporate	ADJ
easat-9970	122	9	performance	performance	NOUN
easat-9970	122	10	volatility	volatility	NOUN
easat-9970	122	11	depending	depend	VERB
easat-9970	122	12	on	on	ADP
easat-9970	122	13	its	its	PRON
easat-9970	122	14	external	external	ADJ
easat-9970	122	15	and	and	CCONJ
easat-9970	122	16	internal	internal	ADJ
easat-9970	122	17	financial	financial	ADJ
easat-9970	122	18	condition	condition	NOUN
easat-9970	122	19	.	.	PUNCT
easat-9970	123	1	2.3	2.3	NUM
easat-9970	123	2	.	.	PUNCT
easat-9970	124	1	cryptocurrency	cryptocurrency	NOUN
easat-9970	124	2	ownership	ownership	NOUN
easat-9970	124	3	on	on	ADP
easat-9970	124	4	corporate	corporate	ADJ
easat-9970	124	5	volatility	volatility	NOUN
easat-9970	124	6	performance	performance	NOUN
easat-9970	124	7	and	and	CCONJ
easat-9970	124	8	liquidity	liquidity	NOUN
easat-9970	124	9	crisis	crisis	NOUN
easat-9970	124	10	the	the	DET
easat-9970	124	11	rapid	rapid	ADJ
easat-9970	124	12	adoption	adoption	NOUN
easat-9970	124	13	of	of	ADP
easat-9970	124	14	digital	digital	ADJ
easat-9970	124	15	assets	asset	NOUN
easat-9970	124	16	over	over	ADP
easat-9970	124	17	the	the	DET
easat-9970	124	18	past	past	ADJ
easat-9970	124	19	decade	decade	NOUN
easat-9970	124	20	has	have	AUX
easat-9970	124	21	prompted	prompt	VERB
easat-9970	124	22	a	a	DET
easat-9970	124	23	transformation	transformation	NOUN
easat-9970	124	24	in	in	ADP
easat-9970	124	25	corporate	corporate	ADJ
easat-9970	124	26	finance	finance	NOUN
easat-9970	124	27	,	,	PUNCT
easat-9970	124	28	with	with	ADP
easat-9970	124	29	many	many	ADJ
easat-9970	124	30	firms	firm	NOUN
easat-9970	124	31	now	now	ADV
easat-9970	124	32	including	include	VERB
easat-9970	124	33	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	124	34	as	as	ADP
easat-9970	124	35	part	part	NOUN
easat-9970	124	36	of	of	ADP
easat-9970	124	37	their	their	PRON
easat-9970	124	38	asset	asset	NOUN
easat-9970	124	39	portfolios	portfolio	NOUN
easat-9970	124	40	.	.	PUNCT
easat-9970	125	1	as	as	SCONJ
easat-9970	125	2	digital	digital	ADJ
easat-9970	125	3	assets	asset	NOUN
easat-9970	125	4	become	become	VERB
easat-9970	125	5	a	a	DET
easat-9970	125	6	more	more	ADV
easat-9970	125	7	prominent	prominent	ADJ
easat-9970	125	8	component	component	NOUN
easat-9970	125	9	of	of	ADP
easat-9970	125	10	corporate	corporate	ADJ
easat-9970	125	11	balance	balance	NOUN
easat-9970	125	12	sheets	sheet	NOUN
easat-9970	125	13	,	,	PUNCT
easat-9970	125	14	researchers	researcher	NOUN
easat-9970	125	15	and	and	CCONJ
easat-9970	125	16	practitioners	practitioner	NOUN
easat-9970	125	17	alike	alike	ADV
easat-9970	125	18	have	have	AUX
easat-9970	125	19	begun	begin	VERB
easat-9970	125	20	to	to	PART
easat-9970	125	21	examine	examine	VERB
easat-9970	125	22	how	how	SCONJ
easat-9970	125	23	the	the	DET
easat-9970	125	24	digital	digital	ADJ
easat-9970	125	25	assets	asset	NOUN
easat-9970	125	26	to	to	PART
easat-9970	125	27	balance	balance	VERB
easat-9970	125	28	sheet	sheet	NOUN
easat-9970	125	29	ratio	ratio	NOUN
easat-9970	125	30	influences	influence	VERB
easat-9970	125	31	overall	overall	ADJ
easat-9970	125	32	firm	firm	ADJ
easat-9970	125	33	risk	risk	NOUN
easat-9970	125	34	.	.	PUNCT
easat-9970	126	1	in	in	ADP
easat-9970	126	2	particular	particular	ADJ
easat-9970	126	3	,	,	PUNCT
easat-9970	126	4	questions	question	NOUN
easat-9970	126	5	have	have	AUX
easat-9970	126	6	arisen	arise	VERB
easat-9970	126	7	regarding	regard	VERB
easat-9970	126	8	the	the	DET
easat-9970	126	9	effect	effect	NOUN
easat-9970	126	10	on	on	ADP
easat-9970	126	11	corporate	corporate	ADJ
easat-9970	126	12	volatility	volatility	NOUN
easat-9970	126	13	—	—	PUNCT
easat-9970	126	14	typically	typically	ADV
easat-9970	126	15	measured	measure	VERB
easat-9970	126	16	by	by	ADP
easat-9970	126	17	the	the	DET
easat-9970	126	18	standard	standard	ADJ
easat-9970	126	19	deviation	deviation	NOUN
easat-9970	126	20	of	of	ADP
easat-9970	126	21	returns	return	NOUN
easat-9970	126	22	—	—	PUNCT
easat-9970	126	23	and	and	CCONJ
easat-9970	126	24	the	the	DET
easat-9970	126	25	potential	potential	NOUN
easat-9970	126	26	for	for	ADP
easat-9970	126	27	liquidity	liquidity	NOUN
easat-9970	126	28	crises	crisis	NOUN
easat-9970	126	29	,	,	PUNCT
easat-9970	126	30	as	as	SCONJ
easat-9970	126	31	indicated	indicate	VERB
easat-9970	126	32	by	by	ADP
easat-9970	126	33	deteriorations	deterioration	NOUN
easat-9970	126	34	in	in	ADP
easat-9970	126	35	liquidity	liquidity	NOUN
easat-9970	126	36	metrics	metric	NOUN
easat-9970	126	37	such	such	ADJ
easat-9970	126	38	as	as	ADP
easat-9970	126	39	the	the	DET
easat-9970	126	40	current	current	ADJ
easat-9970	126	41	ratio	ratio	NOUN
easat-9970	126	42	.	.	PUNCT
easat-9970	127	1	cryptocurrency	cryptocurrency	NOUN
easat-9970	127	2	,	,	PUNCT
easat-9970	127	3	by	by	ADP
easat-9970	127	4	their	their	PRON
easat-9970	127	5	very	very	ADJ
easat-9970	127	6	nature	nature	NOUN
easat-9970	127	7	,	,	PUNCT
easat-9970	127	8	exhibit	exhibit	VERB
easat-9970	127	9	high	high	ADJ
easat-9970	127	10	price	price	NOUN
easat-9970	127	11	volatility	volatility	NOUN
easat-9970	127	12	and	and	CCONJ
easat-9970	127	13	are	be	AUX
easat-9970	127	14	often	often	ADV
easat-9970	127	15	influenced	influence	VERB
easat-9970	127	16	by	by	ADP
easat-9970	127	17	speculative	speculative	ADJ
easat-9970	127	18	trading	trading	NOUN
easat-9970	127	19	.	.	PUNCT
easat-9970	128	1	while	while	SCONJ
easat-9970	128	2	their	their	PRON
easat-9970	128	3	inclusion	inclusion	NOUN
easat-9970	128	4	in	in	ADP
easat-9970	128	5	corporate	corporate	ADJ
easat-9970	128	6	portfolios	portfolio	NOUN
easat-9970	128	7	may	may	AUX
easat-9970	128	8	offer	offer	VERB
easat-9970	128	9	diversification	diversification	NOUN
easat-9970	128	10	benefits	benefit	NOUN
easat-9970	128	11	and	and	CCONJ
easat-9970	128	12	innovative	innovative	ADJ
easat-9970	128	13	financing	financing	NOUN
easat-9970	128	14	opportunities	opportunity	NOUN
easat-9970	128	15	,	,	PUNCT
easat-9970	128	16	the	the	DET
easat-9970	128	17	associated	associated	ADJ
easat-9970	128	18	volatility	volatility	NOUN
easat-9970	128	19	can	can	AUX
easat-9970	128	20	lead	lead	VERB
easat-9970	128	21	to	to	ADP
easat-9970	128	22	increased	increase	VERB
easat-9970	128	23	uncertainty	uncertainty	NOUN
easat-9970	128	24	in	in	ADP
easat-9970	128	25	financial	financial	ADJ
easat-9970	128	26	performance	performance	NOUN
easat-9970	128	27	and	and	CCONJ
easat-9970	128	28	heightened	heighten	VERB
easat-9970	128	29	liquidity	liquidity	NOUN
easat-9970	128	30	risk	risk	NOUN
easat-9970	128	31	.	.	PUNCT
easat-9970	129	1	this	this	DET
easat-9970	129	2	review	review	NOUN
easat-9970	129	3	synthesizes	synthesize	VERB
easat-9970	129	4	empirical	empirical	ADJ
easat-9970	129	5	findings	finding	NOUN
easat-9970	129	6	and	and	CCONJ
easat-9970	129	7	methodological	methodological	ADJ
easat-9970	129	8	approaches	approach	NOUN
easat-9970	129	9	from	from	ADP
easat-9970	129	10	the	the	DET
easat-9970	129	11	literature	literature	NOUN
easat-9970	129	12	to	to	PART
easat-9970	129	13	understand	understand	VERB
easat-9970	129	14	these	these	DET
easat-9970	129	15	dynamics	dynamic	NOUN
easat-9970	129	16	and	and	CCONJ
easat-9970	129	17	ultimately	ultimately	ADV
easat-9970	129	18	develops	develop	VERB
easat-9970	129	19	a	a	DET
easat-9970	129	20	hypothesis	hypothesis	NOUN
easat-9970	129	21	linking	link	VERB
easat-9970	129	22	the	the	DET
easat-9970	129	23	extent	extent	NOUN
easat-9970	129	24	of	of	ADP
easat-9970	129	25	digital	digital	ADJ
easat-9970	129	26	asset	asset	NOUN
easat-9970	129	27	ownership	ownership	NOUN
easat-9970	129	28	to	to	ADP
easat-9970	129	29	corporate	corporate	ADJ
easat-9970	129	30	volatility	volatility	NOUN
easat-9970	129	31	and	and	CCONJ
easat-9970	129	32	liquidity	liquidity	NOUN
easat-9970	129	33	crises	crisis	NOUN
easat-9970	129	34	.	.	PUNCT
easat-9970	130	1	liquidity	liquidity	NOUN
easat-9970	130	2	is	be	AUX
easat-9970	130	3	a	a	DET
easat-9970	130	4	cornerstone	cornerstone	NOUN
easat-9970	130	5	of	of	ADP
easat-9970	130	6	corporate	corporate	ADJ
easat-9970	130	7	financial	financial	ADJ
easat-9970	130	8	stability	stability	NOUN
easat-9970	130	9	.	.	PUNCT
easat-9970	131	1	the	the	DET
easat-9970	131	2	current	current	ADJ
easat-9970	131	3	ratio	ratio	NOUN
easat-9970	131	4	,	,	PUNCT
easat-9970	131	5	which	which	PRON
easat-9970	131	6	compares	compare	VERB
easat-9970	131	7	current	current	ADJ
easat-9970	131	8	assets	asset	NOUN
easat-9970	131	9	to	to	ADP
easat-9970	131	10	current	current	ADJ
easat-9970	131	11	liabilities	liability	NOUN
easat-9970	131	12	,	,	PUNCT
easat-9970	131	13	is	be	AUX
easat-9970	131	14	one	one	NUM
easat-9970	131	15	of	of	ADP
easat-9970	131	16	the	the	DET
easat-9970	131	17	most	most	ADV
easat-9970	131	18	commonly	commonly	ADV
easat-9970	131	19	used	use	VERB
easat-9970	131	20	indicators	indicator	NOUN
easat-9970	131	21	of	of	ADP
easat-9970	131	22	a	a	DET
easat-9970	131	23	firm	firm	NOUN
easat-9970	131	24	’s	’s	PART
easat-9970	131	25	short	short	ADJ
easat-9970	131	26	-	-	PUNCT
easat-9970	131	27	term	term	NOUN
easat-9970	131	28	liquidity	liquidity	NOUN
easat-9970	131	29	position	position	NOUN
easat-9970	131	30	.	.	PUNCT
easat-9970	132	1	when	when	SCONJ
easat-9970	132	2	firms	firm	NOUN
easat-9970	132	3	hold	hold	VERB
easat-9970	132	4	a	a	DET
easat-9970	132	5	high	high	ADJ
easat-9970	132	6	proportion	proportion	NOUN
easat-9970	132	7	of	of	ADP
easat-9970	132	8	digital	digital	ADJ
easat-9970	132	9	assets	asset	NOUN
easat-9970	132	10	,	,	PUNCT
easat-9970	132	11	the	the	DET
easat-9970	132	12	volatility	volatility	NOUN
easat-9970	132	13	of	of	ADP
easat-9970	132	14	these	these	DET
easat-9970	132	15	assets	asset	NOUN
easat-9970	132	16	can	can	AUX
easat-9970	132	17	rapidly	rapidly	ADV
easat-9970	132	18	erode	erode	VERB
easat-9970	132	19	liquidity	liquidity	NOUN
easat-9970	132	20	buffers	buffer	NOUN
easat-9970	132	21	,	,	PUNCT
easat-9970	132	22	especially	especially	ADV
easat-9970	132	23	during	during	ADP
easat-9970	132	24	periods	period	NOUN
easat-9970	132	25	of	of	ADP
easat-9970	132	26	market	market	NOUN
easat-9970	132	27	stress	stress	NOUN
easat-9970	132	28	.	.	PUNCT
easat-9970	133	1	fu	fu	NOUN
easat-9970	133	2	and	and	CCONJ
easat-9970	133	3	smith	smith	PROPN
easat-9970	134	1	[	[	X
easat-9970	134	2	25	25	NUM
easat-9970	134	3	]	]	PUNCT
easat-9970	134	4	provides	provide	VERB
easat-9970	134	5	early	early	ADJ
easat-9970	134	6	insights	insight	NOUN
easat-9970	134	7	into	into	ADP
easat-9970	134	8	how	how	SCONJ
easat-9970	134	9	liquidity	liquidity	NOUN
easat-9970	134	10	constraints	constraint	NOUN
easat-9970	134	11	affect	affect	VERB
easat-9970	134	12	corporate	corporate	ADJ
easat-9970	134	13	financial	financial	ADJ
easat-9970	134	14	decisions	decision	NOUN
easat-9970	134	15	,	,	PUNCT
easat-9970	134	16	noting	note	VERB
easat-9970	134	17	that	that	SCONJ
easat-9970	134	18	firms	firm	NOUN
easat-9970	134	19	with	with	ADP
easat-9970	134	20	lower	low	ADJ
easat-9970	134	21	liquidity	liquidity	NOUN
easat-9970	134	22	ratios	ratio	NOUN
easat-9970	134	23	are	be	AUX
easat-9970	134	24	more	more	ADV
easat-9970	134	25	susceptible	susceptible	ADJ
easat-9970	134	26	to	to	ADP
easat-9970	134	27	financial	financial	ADJ
easat-9970	134	28	distress	distress	NOUN
easat-9970	134	29	[	[	X
easat-9970	134	30	25	25	NUM
easat-9970	134	31	]	]	PUNCT
easat-9970	134	32	.	.	PUNCT
easat-9970	135	1	in	in	ADP
easat-9970	135	2	the	the	DET
easat-9970	135	3	context	context	NOUN
easat-9970	135	4	of	of	ADP
easat-9970	135	5	digital	digital	ADJ
easat-9970	135	6	asset	asset	NOUN
easat-9970	135	7	ownership	ownership	NOUN
easat-9970	135	8	,	,	PUNCT
easat-9970	135	9	the	the	DET
easat-9970	135	10	rapid	rapid	ADJ
easat-9970	135	11	depreciation	depreciation	NOUN
easat-9970	135	12	in	in	ADP
easat-9970	135	13	asset	asset	NOUN
easat-9970	135	14	value	value	NOUN
easat-9970	135	15	during	during	ADP
easat-9970	135	16	market	market	NOUN
easat-9970	135	17	downturns	downturn	NOUN
easat-9970	135	18	can	can	AUX
easat-9970	135	19	lead	lead	VERB
easat-9970	135	20	to	to	ADP
easat-9970	135	21	a	a	DET
easat-9970	135	22	deterioration	deterioration	NOUN
easat-9970	135	23	in	in	ADP
easat-9970	135	24	the	the	DET
easat-9970	135	25	current	current	ADJ
easat-9970	135	26	ratio	ratio	NOUN
easat-9970	135	27	,	,	PUNCT
easat-9970	135	28	thereby	thereby	ADV
easat-9970	135	29	signalling	signal	VERB
easat-9970	135	30	a	a	DET
easat-9970	135	31	liquidity	liquidity	NOUN
easat-9970	135	32	crisis	crisis	NOUN
easat-9970	135	33	.	.	PUNCT
easat-9970	136	1	acharya	acharya	PROPN
easat-9970	136	2	and	and	CCONJ
easat-9970	136	3	pedersen	pedersen	PROPN
easat-9970	136	4	[	[	X
easat-9970	136	5	26	26	NUM
easat-9970	136	6	]	]	PUNCT
easat-9970	136	7	further	far	ADV
easat-9970	136	8	highlight	highlight	VERB
easat-9970	136	9	that	that	SCONJ
easat-9970	136	10	liquidity	liquidity	NOUN
easat-9970	136	11	risk	risk	NOUN
easat-9970	136	12	is	be	AUX
easat-9970	136	13	a	a	DET
easat-9970	136	14	critical	critical	ADJ
easat-9970	136	15	component	component	NOUN
easat-9970	136	16	of	of	ADP
easat-9970	136	17	asset	asset	NOUN
easat-9970	136	18	pricing	pricing	NOUN
easat-9970	136	19	,	,	PUNCT
easat-9970	136	20	and	and	CCONJ
easat-9970	136	21	sudden	sudden	ADJ
easat-9970	136	22	shifts	shift	NOUN
easat-9970	136	23	in	in	ADP
easat-9970	136	24	asset	asset	NOUN
easat-9970	136	25	valuations	valuation	NOUN
easat-9970	136	26	—	—	PUNCT
easat-9970	136	27	such	such	ADJ
easat-9970	136	28	as	as	ADP
easat-9970	136	29	those	those	PRON
easat-9970	136	30	observed	observe	VERB
easat-9970	136	31	with	with	ADP
easat-9970	136	32	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	136	33	—	—	PUNCT
easat-9970	136	34	can	can	AUX
easat-9970	136	35	trigger	trigger	VERB
easat-9970	136	36	significant	significant	ADJ
easat-9970	136	37	liquidity	liquidity	NOUN
easat-9970	136	38	shortages	shortage	NOUN
easat-9970	136	39	[	[	X
easat-9970	136	40	26	26	NUM
easat-9970	136	41	]	]	PUNCT
easat-9970	136	42	.	.	PUNCT
easat-9970	137	1	empirical	empirical	ADJ
easat-9970	137	2	evidence	evidence	NOUN
easat-9970	137	3	supports	support	VERB
easat-9970	137	4	the	the	DET
easat-9970	137	5	contention	contention	NOUN
easat-9970	137	6	that	that	SCONJ
easat-9970	137	7	digital	digital	ADJ
easat-9970	137	8	asset	asset	NOUN
easat-9970	137	9	volatility	volatility	NOUN
easat-9970	137	10	has	have	AUX
easat-9970	137	11	adverse	adverse	ADJ
easat-9970	137	12	effects	effect	NOUN
easat-9970	137	13	on	on	ADP
easat-9970	137	14	corporate	corporate	ADJ
easat-9970	137	15	liquidity	liquidity	NOUN
easat-9970	137	16	.	.	PUNCT
easat-9970	138	1	for	for	ADP
easat-9970	138	2	example	example	NOUN
easat-9970	138	3	,	,	PUNCT
easat-9970	138	4	when	when	SCONJ
easat-9970	138	5	market	market	NOUN
easat-9970	138	6	sentiment	sentiment	NOUN
easat-9970	138	7	turns	turn	VERB
easat-9970	138	8	negative	negative	ADJ
easat-9970	138	9	,	,	PUNCT
easat-9970	138	10	firms	firm	NOUN
easat-9970	138	11	may	may	AUX
easat-9970	138	12	be	be	AUX
easat-9970	138	13	forced	force	VERB
easat-9970	138	14	to	to	PART
easat-9970	138	15	liquidate	liquidate	VERB
easat-9970	138	16	digital	digital	ADJ
easat-9970	138	17	assets	asset	NOUN
easat-9970	138	18	at	at	ADP
easat-9970	138	19	depressed	depressed	ADJ
easat-9970	138	20	prices	price	NOUN
easat-9970	138	21	,	,	PUNCT
easat-9970	138	22	thereby	thereby	ADV
easat-9970	138	23	reducing	reduce	VERB
easat-9970	138	24	their	their	PRON
easat-9970	138	25	current	current	ADJ
easat-9970	138	26	asset	asset	NOUN
easat-9970	138	27	base	base	NOUN
easat-9970	138	28	and	and	CCONJ
easat-9970	138	29	worsening	worsen	VERB
easat-9970	138	30	liquidity	liquidity	NOUN
easat-9970	138	31	conditions	condition	NOUN
easat-9970	138	32	.	.	PUNCT
easat-9970	139	1	this	this	DET
easat-9970	139	2	phenomenon	phenomenon	NOUN
easat-9970	139	3	is	be	AUX
easat-9970	139	4	particularly	particularly	ADV
easat-9970	139	5	acute	acute	ADJ
easat-9970	139	6	for	for	ADP
easat-9970	139	7	companies	company	NOUN
easat-9970	139	8	that	that	PRON
easat-9970	139	9	lack	lack	VERB
easat-9970	139	10	robust	robust	ADJ
easat-9970	139	11	risk	risk	NOUN
easat-9970	139	12	management	management	NOUN
easat-9970	139	13	frameworks	framework	NOUN
easat-9970	139	14	to	to	PART
easat-9970	139	15	cushion	cushion	VERB
easat-9970	139	16	against	against	ADP
easat-9970	139	17	such	such	ADJ
easat-9970	139	18	shocks	shock	NOUN
easat-9970	139	19	.	.	PUNCT
easat-9970	140	1	the	the	DET
easat-9970	140	2	relationship	relationship	NOUN
easat-9970	140	3	between	between	ADP
easat-9970	140	4	asset	asset	NOUN
easat-9970	140	5	volatility	volatility	NOUN
easat-9970	140	6	and	and	CCONJ
easat-9970	140	7	liquidity	liquidity	NOUN
easat-9970	140	8	is	be	AUX
easat-9970	140	9	further	far	ADV
easat-9970	140	10	complicated	complicate	VERB
easat-9970	140	11	by	by	ADP
easat-9970	140	12	the	the	DET
easat-9970	140	13	speculative	speculative	ADJ
easat-9970	140	14	nature	nature	NOUN
easat-9970	140	15	of	of	ADP
easat-9970	140	16	digital	digital	ADJ
easat-9970	140	17	assets	asset	NOUN
easat-9970	140	18	.	.	PUNCT
easat-9970	141	1	as	as	SCONJ
easat-9970	141	2	noted	note	VERB
easat-9970	141	3	by	by	ADP
easat-9970	141	4	urquhart	urquhart	PROPN
easat-9970	142	1	[	[	X
easat-9970	142	2	27	27	NUM
easat-9970	142	3	]	]	PUNCT
easat-9970	142	4	inefficiencies	inefficiency	NOUN
easat-9970	142	5	in	in	ADP
easat-9970	142	6	the	the	DET
easat-9970	142	7	bitcoin	bitcoin	ADJ
easat-9970	142	8	market	market	NOUN
easat-9970	142	9	contribute	contribute	VERB
easat-9970	142	10	to	to	ADP
easat-9970	142	11	its	its	PRON
easat-9970	142	12	extreme	extreme	ADJ
easat-9970	142	13	price	price	NOUN
easat-9970	142	14	movements	movement	NOUN
easat-9970	142	15	,	,	PUNCT
easat-9970	142	16	which	which	PRON
easat-9970	142	17	in	in	ADP
easat-9970	142	18	turn	turn	NOUN
easat-9970	142	19	can	can	AUX
easat-9970	142	20	lead	lead	VERB
easat-9970	142	21	to	to	ADP
easat-9970	142	22	rapid	rapid	ADJ
easat-9970	142	23	changes	change	NOUN
easat-9970	142	24	in	in	ADP
easat-9970	142	25	liquidity	liquidity	NOUN
easat-9970	142	26	ratios	ratio	NOUN
easat-9970	142	27	[	[	X
easat-9970	142	28	27	27	NUM
easat-9970	142	29	]	]	PUNCT
easat-9970	142	30	.	.	PUNCT
easat-9970	143	1	when	when	SCONJ
easat-9970	143	2	digital	digital	ADJ
easat-9970	143	3	assets	asset	NOUN
easat-9970	143	4	comprise	comprise	VERB
easat-9970	143	5	a	a	DET
easat-9970	143	6	large	large	ADJ
easat-9970	143	7	fraction	fraction	NOUN
easat-9970	143	8	of	of	ADP
easat-9970	143	9	corporate	corporate	ADJ
easat-9970	143	10	assets	asset	NOUN
easat-9970	143	11	,	,	PUNCT
easat-9970	143	12	these	these	DET
easat-9970	143	13	inefficiencies	inefficiency	NOUN
easat-9970	143	14	can	can	AUX
easat-9970	143	15	result	result	VERB
easat-9970	143	16	in	in	ADP
easat-9970	143	17	sudden	sudden	ADJ
easat-9970	143	18	liquidity	liquidity	NOUN
easat-9970	143	19	crises	crisis	NOUN
easat-9970	143	20	,	,	PUNCT
easat-9970	143	21	as	as	SCONJ
easat-9970	143	22	the	the	DET
easat-9970	143	23	firm	firm	NOUN
easat-9970	143	24	’s	’s	PART
easat-9970	143	25	ability	ability	NOUN
easat-9970	143	26	to	to	PART
easat-9970	143	27	meet	meet	VERB
easat-9970	143	28	short	short	ADJ
easat-9970	143	29	-	-	PUNCT
easat-9970	143	30	term	term	NOUN
easat-9970	143	31	obligations	obligation	NOUN
easat-9970	143	32	is	be	AUX
easat-9970	143	33	compromised	compromise	VERB
easat-9970	143	34	.	.	PUNCT
easat-9970	144	1	additionally	additionally	ADV
easat-9970	144	2	,	,	PUNCT
easat-9970	144	3	cryptocurrency	cryptocurrency	NOUN
easat-9970	144	4	ownership	ownership	NOUN
easat-9970	144	5	has	have	AUX
easat-9970	144	6	emerged	emerge	VERB
easat-9970	144	7	as	as	ADP
easat-9970	144	8	a	a	DET
easat-9970	144	9	significant	significant	ADJ
easat-9970	144	10	factor	factor	NOUN
easat-9970	144	11	influencing	influence	VERB
easat-9970	144	12	financial	financial	ADJ
easat-9970	144	13	market	market	NOUN
easat-9970	144	14	dynamics	dynamic	NOUN
easat-9970	144	15	.	.	PUNCT
easat-9970	145	1	as	as	SCONJ
easat-9970	145	2	digital	digital	ADJ
easat-9970	145	3	asset	asset	NOUN
easat-9970	145	4	adoption	adoption	NOUN
easat-9970	145	5	increases	increase	VERB
easat-9970	145	6	,	,	PUNCT
easat-9970	145	7	investors	investor	NOUN
easat-9970	145	8	are	be	AUX
easat-9970	145	9	allocating	allocate	VERB
easat-9970	145	10	a	a	DET
easat-9970	145	11	portion	portion	NOUN
easat-9970	145	12	of	of	ADP
easat-9970	145	13	their	their	PRON
easat-9970	145	14	portfolios	portfolio	NOUN
easat-9970	145	15	to	to	PART
easat-9970	145	16	cryptocurrency	cryptocurrency	VERB
easat-9970	145	17	,	,	PUNCT
easat-9970	145	18	which	which	PRON
easat-9970	145	19	is	be	AUX
easat-9970	145	20	known	know	VERB
easat-9970	145	21	for	for	ADP
easat-9970	145	22	its	its	PRON
easat-9970	145	23	high	high	ADJ
easat-9970	145	24	price	price	NOUN
easat-9970	145	25	volatility	volatility	NOUN
easat-9970	145	26	.	.	PUNCT
easat-9970	146	1	sudden	sudden	ADJ
easat-9970	146	2	fluctuations	fluctuation	NOUN
easat-9970	146	3	in	in	ADP
easat-9970	146	4	cryptocurrency	cryptocurrency	NOUN
easat-9970	146	5	prices	price	NOUN
easat-9970	146	6	can	can	AUX
easat-9970	146	7	trigger	trigger	VERB
easat-9970	146	8	shifts	shift	NOUN
easat-9970	146	9	in	in	ADP
easat-9970	146	10	market	market	NOUN
easat-9970	146	11	expectations	expectation	NOUN
easat-9970	146	12	and	and	CCONJ
easat-9970	146	13	disrupt	disrupt	VERB
easat-9970	146	14	a	a	DET
easat-9970	146	15	company	company	NOUN
easat-9970	146	16	’s	’s	PART
easat-9970	146	17	liquidity	liquidity	NOUN
easat-9970	146	18	conditions	condition	NOUN
easat-9970	146	19	,	,	PUNCT
easat-9970	146	20	potentially	potentially	ADV
easat-9970	146	21	exacerbating	exacerbate	VERB
easat-9970	146	22	corporate	corporate	ADJ
easat-9970	146	23	performance	performance	NOUN
easat-9970	146	24	volatility	volatility	NOUN
easat-9970	146	25	.	.	PUNCT
easat-9970	147	1	based	base	VERB
easat-9970	147	2	on	on	ADP
easat-9970	147	3	the	the	DET
easat-9970	147	4	efficient	efficient	ADJ
easat-9970	147	5	market	market	NOUN
easat-9970	147	6	hypothesis	hypothesis	NOUN
easat-9970	147	7	,	,	PUNCT
easat-9970	147	8	information	information	NOUN
easat-9970	147	9	related	relate	VERB
easat-9970	147	10	to	to	ADP
easat-9970	147	11	cryptocurrency	cryptocurrency	NOUN
easat-9970	147	12	price	price	NOUN
easat-9970	147	13	movements	movement	NOUN
easat-9970	147	14	and	and	CCONJ
easat-9970	147	15	their	their	PRON
easat-9970	147	16	impact	impact	NOUN
easat-9970	147	17	on	on	ADP
easat-9970	147	18	market	market	NOUN
easat-9970	147	19	761	761	NUM
easat-9970	147	20	edelweiss	edelweiss	PROPN
easat-9970	147	21	applied	apply	VERB
easat-9970	147	22	science	science	NOUN
easat-9970	147	23	and	and	CCONJ
easat-9970	147	24	technology	technology	NOUN
easat-9970	147	25	issn	issn	PROPN
easat-9970	147	26	:	:	PUNCT
easat-9970	147	27	2576	2576	NUM
easat-9970	147	28	-	-	SYM
easat-9970	147	29	8484	8484	NUM
easat-9970	147	30	vol	vol	NOUN
easat-9970	147	31	.	.	PROPN
easat-9970	148	1	9	9	NUM
easat-9970	148	2	,	,	PUNCT
easat-9970	148	3	no	no	INTJ
easat-9970	148	4	.	.	NOUN
easat-9970	148	5	9	9	NUM
easat-9970	148	6	:	:	SYM
easat-9970	148	7	756	756	NUM
easat-9970	148	8	-	-	SYM
easat-9970	148	9	769	769	NUM
easat-9970	148	10	,	,	PUNCT
easat-9970	148	11	2025	2025	NUM
easat-9970	148	12	doi	doi	NOUN
easat-9970	148	13	:	:	PUNCT
easat-9970	148	14	10.55214/2576	10.55214/2576	NUM
easat-9970	148	15	-	-	NUM
easat-9970	148	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	149	1	©	©	PROPN
easat-9970	149	2	2025	2025	NUM
easat-9970	149	3	by	by	ADP
easat-9970	149	4	the	the	DET
easat-9970	149	5	authors	author	NOUN
easat-9970	149	6	;	;	PUNCT
easat-9970	149	7	licensee	licensee	PROPN
easat-9970	149	8	learning	learn	VERB
easat-9970	149	9	gate	gate	PROPN
easat-9970	149	10	liquidity	liquidity	NOUN
easat-9970	149	11	will	will	AUX
easat-9970	149	12	be	be	AUX
easat-9970	149	13	immediately	immediately	ADV
easat-9970	149	14	reflected	reflect	VERB
easat-9970	149	15	in	in	ADP
easat-9970	149	16	asset	asset	NOUN
easat-9970	149	17	prices	price	NOUN
easat-9970	149	18	.	.	PUNCT
easat-9970	150	1	as	as	ADP
easat-9970	150	2	a	a	DET
easat-9970	150	3	result	result	NOUN
easat-9970	150	4	,	,	PUNCT
easat-9970	150	5	the	the	DET
easat-9970	150	6	integration	integration	NOUN
easat-9970	150	7	of	of	ADP
easat-9970	150	8	traditional	traditional	ADJ
easat-9970	150	9	markets	market	NOUN
easat-9970	150	10	with	with	ADP
easat-9970	150	11	digital	digital	ADJ
easat-9970	150	12	assets	asset	NOUN
easat-9970	150	13	adds	add	VERB
easat-9970	150	14	complexity	complexity	NOUN
easat-9970	150	15	to	to	ADP
easat-9970	150	16	financial	financial	ADJ
easat-9970	150	17	risk	risk	NOUN
easat-9970	150	18	management	management	NOUN
easat-9970	150	19	[	[	X
easat-9970	150	20	20	20	NUM
easat-9970	150	21	,	,	PUNCT
easat-9970	150	22	28	28	NUM
easat-9970	150	23	]	]	PUNCT
easat-9970	150	24	.	.	PUNCT
easat-9970	151	1	empirical	empirical	ADJ
easat-9970	151	2	research	research	NOUN
easat-9970	151	3	supports	support	VERB
easat-9970	151	4	the	the	DET
easat-9970	151	5	notion	notion	NOUN
easat-9970	151	6	that	that	SCONJ
easat-9970	151	7	liquidity	liquidity	NOUN
easat-9970	151	8	crises	crisis	NOUN
easat-9970	151	9	are	be	AUX
easat-9970	151	10	a	a	DET
easat-9970	151	11	major	major	ADJ
easat-9970	151	12	factor	factor	NOUN
easat-9970	151	13	contributing	contribute	VERB
easat-9970	151	14	to	to	ADP
easat-9970	151	15	increased	increase	VERB
easat-9970	151	16	corporate	corporate	ADJ
easat-9970	151	17	performance	performance	NOUN
easat-9970	151	18	volatility	volatility	NOUN
easat-9970	151	19	.	.	PUNCT
easat-9970	152	1	companies	company	NOUN
easat-9970	152	2	experiencing	experience	VERB
easat-9970	152	3	liquidity	liquidity	NOUN
easat-9970	152	4	pressures	pressure	NOUN
easat-9970	152	5	tend	tend	VERB
easat-9970	152	6	to	to	PART
easat-9970	152	7	exhibit	exhibit	VERB
easat-9970	152	8	more	more	ADV
easat-9970	152	9	significant	significant	ADJ
easat-9970	152	10	stock	stock	NOUN
easat-9970	152	11	price	price	NOUN
easat-9970	152	12	fluctuations	fluctuation	NOUN
easat-9970	152	13	due	due	ADJ
easat-9970	152	14	to	to	ADP
easat-9970	152	15	uncertainty	uncertainty	NOUN
easat-9970	152	16	arising	arise	VERB
easat-9970	152	17	from	from	ADP
easat-9970	152	18	a	a	DET
easat-9970	152	19	lack	lack	NOUN
easat-9970	152	20	of	of	ADP
easat-9970	152	21	funds	fund	NOUN
easat-9970	152	22	to	to	PART
easat-9970	152	23	meet	meet	VERB
easat-9970	152	24	financial	financial	ADJ
easat-9970	152	25	obligations	obligation	NOUN
easat-9970	152	26	.	.	PUNCT
easat-9970	153	1	these	these	DET
easat-9970	153	2	findings	finding	NOUN
easat-9970	153	3	highlight	highlight	VERB
easat-9970	153	4	the	the	DET
easat-9970	153	5	importance	importance	NOUN
easat-9970	153	6	of	of	ADP
easat-9970	153	7	effective	effective	ADJ
easat-9970	153	8	liquidity	liquidity	NOUN
easat-9970	153	9	management	management	NOUN
easat-9970	153	10	as	as	ADP
easat-9970	153	11	a	a	DET
easat-9970	153	12	key	key	ADJ
easat-9970	153	13	indicator	indicator	NOUN
easat-9970	153	14	in	in	ADP
easat-9970	153	15	assessing	assess	VERB
easat-9970	153	16	corporate	corporate	ADJ
easat-9970	153	17	market	market	NOUN
easat-9970	153	18	stability	stability	NOUN
easat-9970	153	19	and	and	CCONJ
easat-9970	153	20	performance	performance	NOUN
easat-9970	153	21	.	.	PUNCT
easat-9970	154	1	drawing	draw	VERB
easat-9970	154	2	upon	upon	SCONJ
easat-9970	154	3	the	the	DET
easat-9970	154	4	extensive	extensive	ADJ
easat-9970	154	5	literature	literature	NOUN
easat-9970	154	6	,	,	PUNCT
easat-9970	154	7	the	the	DET
easat-9970	154	8	study	study	NOUN
easat-9970	154	9	propose	propose	VERB
easat-9970	154	10	the	the	DET
easat-9970	154	11	following	follow	VERB
easat-9970	154	12	hypothesis	hypothesis	NOUN
easat-9970	154	13	:	:	PUNCT
easat-9970	154	14	hypothesis	hypothesis	NOUN
easat-9970	154	15	2	2	NUM
easat-9970	154	16	.	.	PUNCT
easat-9970	154	17	cryptocurrency	cryptocurrency	NOUN
easat-9970	154	18	ownership	ownership	NOUN
easat-9970	154	19	despite	despite	SCONJ
easat-9970	154	20	liquidity	liquidity	NOUN
easat-9970	154	21	crisis	crisis	NOUN
easat-9970	154	22	has	have	VERB
easat-9970	154	23	a	a	DET
easat-9970	154	24	distinct	distinct	ADJ
easat-9970	154	25	effect	effect	NOUN
easat-9970	154	26	on	on	ADP
easat-9970	154	27	corporate	corporate	ADJ
easat-9970	154	28	performance	performance	NOUN
easat-9970	154	29	volatility	volatility	NOUN
easat-9970	154	30	.	.	PUNCT
easat-9970	155	1	3	3	X
easat-9970	155	2	.	.	X
easat-9970	155	3	research	research	NOUN
easat-9970	155	4	design	design	PROPN
easat-9970	155	5	3.1	3.1	NUM
easat-9970	155	6	.	.	PUNCT
easat-9970	155	7	sample	sample	NOUN
easat-9970	155	8	selection	selection	NOUN
easat-9970	155	9	this	this	DET
easat-9970	155	10	study	study	NOUN
easat-9970	155	11	investigates	investigate	VERB
easat-9970	155	12	the	the	DET
easat-9970	155	13	influence	influence	NOUN
easat-9970	155	14	of	of	ADP
easat-9970	155	15	cryptocurrency	cryptocurrency	NOUN
easat-9970	155	16	ownership	ownership	NOUN
easat-9970	155	17	on	on	ADP
easat-9970	155	18	corporate	corporate	ADJ
easat-9970	155	19	volatility	volatility	NOUN
easat-9970	155	20	among	among	ADP
easat-9970	155	21	publicly	publicly	ADV
easat-9970	155	22	traded	trade	VERB
easat-9970	155	23	firms	firm	NOUN
easat-9970	155	24	in	in	ADP
easat-9970	155	25	the	the	DET
easat-9970	155	26	united	united	PROPN
easat-9970	155	27	states	states	PROPN
easat-9970	155	28	.	.	PUNCT
easat-9970	156	1	for	for	ADP
easat-9970	156	2	the	the	DET
easat-9970	156	3	purposes	purpose	NOUN
easat-9970	156	4	of	of	ADP
easat-9970	156	5	this	this	DET
easat-9970	156	6	analysis	analysis	NOUN
easat-9970	156	7	,	,	PUNCT
easat-9970	156	8	cryptocurrency	cryptocurrency	NOUN
easat-9970	156	9	ownership	ownership	NOUN
easat-9970	156	10	is	be	AUX
easat-9970	156	11	quantified	quantify	VERB
easat-9970	156	12	by	by	ADP
easat-9970	156	13	the	the	DET
easat-9970	156	14	ratio	ratio	NOUN
easat-9970	156	15	of	of	ADP
easat-9970	156	16	digital	digital	ADJ
easat-9970	156	17	assets	asset	NOUN
easat-9970	156	18	to	to	ADP
easat-9970	156	19	the	the	DET
easat-9970	156	20	balance	balance	NOUN
easat-9970	156	21	sheet	sheet	NOUN
easat-9970	156	22	,	,	PUNCT
easat-9970	156	23	and	and	CCONJ
easat-9970	156	24	corporate	corporate	ADJ
easat-9970	156	25	volatility	volatility	NOUN
easat-9970	156	26	is	be	AUX
easat-9970	156	27	represented	represent	VERB
easat-9970	156	28	by	by	ADP
easat-9970	156	29	the	the	DET
easat-9970	156	30	standard	standard	ADJ
easat-9970	156	31	deviation	deviation	NOUN
easat-9970	156	32	of	of	ADP
easat-9970	156	33	stock	stock	NOUN
easat-9970	156	34	returns	return	NOUN
easat-9970	156	35	.	.	PUNCT
easat-9970	157	1	in	in	ADP
easat-9970	157	2	addition	addition	NOUN
easat-9970	157	3	,	,	PUNCT
easat-9970	157	4	the	the	DET
easat-9970	157	5	study	study	NOUN
easat-9970	157	6	investigates	investigate	VERB
easat-9970	157	7	how	how	SCONJ
easat-9970	157	8	external	external	ADJ
easat-9970	157	9	financial	financial	ADJ
easat-9970	157	10	conditions	condition	NOUN
easat-9970	157	11	(	(	PUNCT
easat-9970	157	12	as	as	SCONJ
easat-9970	157	13	indicated	indicate	VERB
easat-9970	157	14	by	by	ADP
easat-9970	157	15	corporate	corporate	ADJ
easat-9970	157	16	beta	beta	NOUN
easat-9970	157	17	)	)	PUNCT
easat-9970	157	18	and	and	CCONJ
easat-9970	157	19	internal	internal	ADJ
easat-9970	157	20	financial	financial	ADJ
easat-9970	157	21	conditions	condition	NOUN
easat-9970	157	22	(	(	PUNCT
easat-9970	157	23	reflected	reflect	VERB
easat-9970	157	24	by	by	ADP
easat-9970	157	25	return	return	NOUN
easat-9970	157	26	on	on	ADP
easat-9970	157	27	assets	asset	NOUN
easat-9970	157	28	and	and	CCONJ
easat-9970	157	29	liquidity	liquidity	NOUN
easat-9970	157	30	measured	measure	VERB
easat-9970	157	31	through	through	ADP
easat-9970	157	32	the	the	DET
easat-9970	157	33	current	current	ADJ
easat-9970	157	34	ratio	ratio	NOUN
easat-9970	157	35	)	)	PUNCT
easat-9970	157	36	moderate	moderate	VERB
easat-9970	157	37	this	this	DET
easat-9970	157	38	relationship	relationship	NOUN
easat-9970	157	39	.	.	PUNCT
easat-9970	158	1	since	since	SCONJ
easat-9970	158	2	2018	2018	NUM
easat-9970	158	3	,	,	PUNCT
easat-9970	158	4	there	there	PRON
easat-9970	158	5	has	have	AUX
easat-9970	158	6	been	be	AUX
easat-9970	158	7	a	a	DET
easat-9970	158	8	noticeable	noticeable	ADJ
easat-9970	158	9	trend	trend	NOUN
easat-9970	158	10	among	among	ADP
easat-9970	158	11	u.s	u.s	PROPN
easat-9970	158	12	.	.	PROPN
easat-9970	158	13	public	public	ADJ
easat-9970	158	14	companies	company	NOUN
easat-9970	158	15	to	to	PART
easat-9970	158	16	incorporate	incorporate	VERB
easat-9970	158	17	digital	digital	ADJ
easat-9970	158	18	assets	asset	NOUN
easat-9970	158	19	into	into	ADP
easat-9970	158	20	their	their	PRON
easat-9970	158	21	balance	balance	NOUN
easat-9970	158	22	sheets	sheet	NOUN
easat-9970	158	23	,	,	PUNCT
easat-9970	158	24	a	a	DET
easat-9970	158	25	strategy	strategy	NOUN
easat-9970	158	26	that	that	PRON
easat-9970	158	27	reflects	reflect	VERB
easat-9970	158	28	both	both	DET
easat-9970	158	29	diversification	diversification	NOUN
easat-9970	158	30	efforts	effort	NOUN
easat-9970	158	31	and	and	CCONJ
easat-9970	158	32	an	an	DET
easat-9970	158	33	adaptation	adaptation	NOUN
easat-9970	158	34	to	to	ADP
easat-9970	158	35	shifting	shift	VERB
easat-9970	158	36	market	market	NOUN
easat-9970	158	37	dynamics	dynamic	NOUN
easat-9970	158	38	.	.	PUNCT
easat-9970	159	1	the	the	DET
easat-9970	159	2	united	united	PROPN
easat-9970	159	3	states	states	PROPN
easat-9970	159	4	,	,	PUNCT
easat-9970	159	5	with	with	ADP
easat-9970	159	6	its	its	PRON
easat-9970	159	7	stringent	stringent	ADJ
easat-9970	159	8	disclosure	disclosure	NOUN
easat-9970	159	9	standards	standard	NOUN
easat-9970	159	10	and	and	CCONJ
easat-9970	159	11	sophisticated	sophisticated	ADJ
easat-9970	159	12	financial	financial	ADJ
easat-9970	159	13	infrastructure	infrastructure	NOUN
easat-9970	159	14	,	,	PUNCT
easat-9970	159	15	offers	offer	VERB
easat-9970	159	16	an	an	DET
easat-9970	159	17	ideal	ideal	ADJ
easat-9970	159	18	context	context	NOUN
easat-9970	159	19	for	for	ADP
easat-9970	159	20	such	such	DET
easat-9970	159	21	an	an	DET
easat-9970	159	22	inquiry	inquiry	NOUN
easat-9970	159	23	[	[	X
easat-9970	159	24	29	29	NUM
easat-9970	159	25	]	]	PUNCT
easat-9970	159	26	.	.	PUNCT
easat-9970	160	1	the	the	DET
easat-9970	160	2	period	period	NOUN
easat-9970	160	3	from	from	ADP
easat-9970	160	4	2018	2018	NUM
easat-9970	160	5	to	to	ADP
easat-9970	160	6	2023	2023	NUM
easat-9970	160	7	was	be	AUX
easat-9970	160	8	selected	select	VERB
easat-9970	160	9	to	to	PART
easat-9970	160	10	capture	capture	VERB
easat-9970	160	11	significant	significant	ADJ
easat-9970	160	12	transformations	transformation	NOUN
easat-9970	160	13	in	in	ADP
easat-9970	160	14	digital	digital	ADJ
easat-9970	160	15	asset	asset	NOUN
easat-9970	160	16	adoption	adoption	NOUN
easat-9970	160	17	alongside	alongside	ADP
easat-9970	160	18	marked	mark	VERB
easat-9970	160	19	fluctuations	fluctuation	NOUN
easat-9970	160	20	in	in	ADP
easat-9970	160	21	market	market	NOUN
easat-9970	160	22	volatility	volatility	NOUN
easat-9970	160	23	and	and	CCONJ
easat-9970	160	24	corporate	corporate	ADJ
easat-9970	160	25	financial	financial	ADJ
easat-9970	160	26	performance	performance	NOUN
easat-9970	160	27	.	.	PUNCT
easat-9970	161	1	data	datum	NOUN
easat-9970	161	2	for	for	ADP
easat-9970	161	3	this	this	DET
easat-9970	161	4	study	study	NOUN
easat-9970	161	5	are	be	AUX
easat-9970	161	6	extracted	extract	VERB
easat-9970	161	7	from	from	ADP
easat-9970	161	8	publicly	publicly	ADV
easat-9970	161	9	available	available	ADJ
easat-9970	161	10	financial	financial	ADJ
easat-9970	161	11	statements	statement	NOUN
easat-9970	161	12	and	and	CCONJ
easat-9970	161	13	regulatory	regulatory	ADJ
easat-9970	161	14	filings	filing	NOUN
easat-9970	161	15	,	,	PUNCT
easat-9970	161	16	ensuring	ensure	VERB
easat-9970	161	17	robust	robust	ADJ
easat-9970	161	18	and	and	CCONJ
easat-9970	161	19	reliable	reliable	ADJ
easat-9970	161	20	metrics	metric	NOUN
easat-9970	161	21	for	for	ADP
easat-9970	161	22	corporate	corporate	ADJ
easat-9970	161	23	beta	beta	NOUN
easat-9970	161	24	,	,	PUNCT
easat-9970	161	25	return	return	VERB
easat-9970	161	26	on	on	ADP
easat-9970	161	27	assets	asset	NOUN
easat-9970	161	28	,	,	PUNCT
easat-9970	161	29	and	and	CCONJ
easat-9970	161	30	liquidity	liquidity	NOUN
easat-9970	161	31	.	.	PUNCT
easat-9970	162	1	to	to	PART
easat-9970	162	2	mitigate	mitigate	VERB
easat-9970	162	3	the	the	DET
easat-9970	162	4	influence	influence	NOUN
easat-9970	162	5	of	of	ADP
easat-9970	162	6	extreme	extreme	ADJ
easat-9970	162	7	values	value	NOUN
easat-9970	162	8	,	,	PUNCT
easat-9970	162	9	the	the	DET
easat-9970	162	10	top	top	NOUN
easat-9970	162	11	and	and	CCONJ
easat-9970	162	12	bottom	bottom	ADJ
easat-9970	162	13	1	1	NUM
easat-9970	162	14	%	%	NOUN
easat-9970	162	15	of	of	ADP
easat-9970	162	16	all	all	DET
easat-9970	162	17	continuous	continuous	ADJ
easat-9970	162	18	variables	variable	NOUN
easat-9970	162	19	are	be	AUX
easat-9970	162	20	trimmed	trim	VERB
easat-9970	162	21	.	.	PUNCT
easat-9970	163	1	this	this	DET
easat-9970	163	2	study	study	NOUN
easat-9970	163	3	employs	employ	VERB
easat-9970	163	4	a	a	DET
easat-9970	163	5	purposive	purposive	ADJ
easat-9970	163	6	sampling	sampling	NOUN
easat-9970	163	7	method	method	NOUN
easat-9970	163	8	due	due	ADP
easat-9970	163	9	to	to	ADP
easat-9970	163	10	the	the	DET
easat-9970	163	11	limited	limited	ADJ
easat-9970	163	12	number	number	NOUN
easat-9970	163	13	of	of	ADP
easat-9970	163	14	public	public	ADJ
easat-9970	163	15	companies	company	NOUN
easat-9970	163	16	that	that	PRON
easat-9970	163	17	explicitly	explicitly	ADV
easat-9970	163	18	acknowledge	acknowledge	VERB
easat-9970	163	19	cryptocurrency	cryptocurrency	NOUN
easat-9970	163	20	or	or	CCONJ
easat-9970	163	21	digital	digital	ADJ
easat-9970	163	22	asset	asset	NOUN
easat-9970	163	23	holdings	holding	NOUN
easat-9970	163	24	in	in	ADP
easat-9970	163	25	their	their	PRON
easat-9970	163	26	financial	financial	ADJ
easat-9970	163	27	disclosures	disclosure	NOUN
easat-9970	163	28	.	.	PUNCT
easat-9970	164	1	the	the	DET
easat-9970	164	2	rationale	rationale	NOUN
easat-9970	164	3	behind	behind	ADP
easat-9970	164	4	selecting	select	VERB
easat-9970	164	5	this	this	DET
easat-9970	164	6	particular	particular	ADJ
easat-9970	164	7	sampling	sampling	NOUN
easat-9970	164	8	approach	approach	NOUN
easat-9970	164	9	is	be	AUX
easat-9970	164	10	twofold	twofold	ADV
easat-9970	164	11	.	.	PUNCT
easat-9970	165	1	first	first	ADV
easat-9970	165	2	,	,	PUNCT
easat-9970	165	3	the	the	DET
easat-9970	165	4	number	number	NOUN
easat-9970	165	5	of	of	ADP
easat-9970	165	6	publicly	publicly	ADV
easat-9970	165	7	traded	trade	VERB
easat-9970	165	8	firms	firm	NOUN
easat-9970	165	9	transparently	transparently	ADV
easat-9970	165	10	declaring	declare	VERB
easat-9970	165	11	cryptocurrency	cryptocurrency	NOUN
easat-9970	165	12	ownership	ownership	NOUN
easat-9970	165	13	on	on	ADP
easat-9970	165	14	their	their	PRON
easat-9970	165	15	balance	balance	NOUN
easat-9970	165	16	sheets	sheet	NOUN
easat-9970	165	17	remains	remain	VERB
easat-9970	165	18	relatively	relatively	ADV
easat-9970	165	19	limited	limited	ADJ
easat-9970	165	20	,	,	PUNCT
easat-9970	165	21	thus	thus	ADV
easat-9970	165	22	making	make	VERB
easat-9970	165	23	a	a	DET
easat-9970	165	24	random	random	ADJ
easat-9970	165	25	or	or	CCONJ
easat-9970	165	26	population	population	NOUN
easat-9970	165	27	-	-	PUNCT
easat-9970	165	28	based	base	VERB
easat-9970	165	29	sampling	sample	VERB
easat-9970	165	30	approach	approach	NOUN
easat-9970	165	31	impractical	impractical	ADJ
easat-9970	165	32	.	.	PUNCT
easat-9970	166	1	second	second	ADV
easat-9970	166	2	,	,	PUNCT
easat-9970	166	3	adopting	adopt	VERB
easat-9970	166	4	purposive	purposive	ADJ
easat-9970	166	5	sampling	sampling	NOUN
easat-9970	166	6	allows	allow	VERB
easat-9970	166	7	for	for	ADP
easat-9970	166	8	a	a	DET
easat-9970	166	9	focused	focused	ADJ
easat-9970	166	10	examination	examination	NOUN
easat-9970	166	11	of	of	ADP
easat-9970	166	12	companies	company	NOUN
easat-9970	166	13	explicitly	explicitly	ADV
easat-9970	166	14	disclosing	disclose	VERB
easat-9970	166	15	cryptocurrency	cryptocurrency	NOUN
easat-9970	166	16	ownership	ownership	NOUN
easat-9970	166	17	,	,	PUNCT
easat-9970	166	18	enhancing	enhance	VERB
easat-9970	166	19	the	the	DET
easat-9970	166	20	validity	validity	NOUN
easat-9970	166	21	and	and	CCONJ
easat-9970	166	22	relevance	relevance	NOUN
easat-9970	166	23	of	of	ADP
easat-9970	166	24	findings	finding	NOUN
easat-9970	166	25	concerning	concern	VERB
easat-9970	166	26	corporate	corporate	ADJ
easat-9970	166	27	volatility	volatility	NOUN
easat-9970	166	28	related	relate	VERB
easat-9970	166	29	to	to	ADP
easat-9970	166	30	digital	digital	ADJ
easat-9970	166	31	asset	asset	NOUN
easat-9970	166	32	investments	investment	NOUN
easat-9970	166	33	.	.	PUNCT
easat-9970	167	1	this	this	DET
easat-9970	167	2	method	method	NOUN
easat-9970	167	3	ensures	ensure	VERB
easat-9970	167	4	balance	balance	NOUN
easat-9970	167	5	and	and	CCONJ
easat-9970	167	6	comparability	comparability	NOUN
easat-9970	167	7	between	between	ADP
easat-9970	167	8	firms	firm	NOUN
easat-9970	167	9	holding	hold	VERB
easat-9970	167	10	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	167	11	and	and	CCONJ
easat-9970	167	12	their	their	PRON
easat-9970	167	13	matched	match	VERB
easat-9970	167	14	non	non	ADJ
easat-9970	167	15	-	-	ADJ
easat-9970	167	16	crypto	crypto	ADJ
easat-9970	167	17	counterparts	counterpart	NOUN
easat-9970	167	18	,	,	PUNCT
easat-9970	167	19	thereby	thereby	ADV
easat-9970	167	20	minimizing	minimize	VERB
easat-9970	167	21	potential	potential	ADJ
easat-9970	167	22	biases	bias	NOUN
easat-9970	167	23	arising	arise	VERB
easat-9970	167	24	from	from	ADP
easat-9970	167	25	heterogeneous	heterogeneous	ADJ
easat-9970	167	26	firm	firm	ADJ
easat-9970	167	27	characteristics	characteristic	NOUN
easat-9970	167	28	unrelated	unrelated	ADJ
easat-9970	167	29	to	to	ADP
easat-9970	167	30	cryptocurrency	cryptocurrency	NOUN
easat-9970	167	31	ownership	ownership	NOUN
easat-9970	167	32	.	.	PUNCT
easat-9970	168	1	the	the	DET
easat-9970	168	2	final	final	ADJ
easat-9970	168	3	sample	sample	NOUN
easat-9970	168	4	consists	consist	VERB
easat-9970	168	5	exclusively	exclusively	ADV
easat-9970	168	6	of	of	ADP
easat-9970	168	7	firm	firm	ADJ
easat-9970	168	8	-	-	PUNCT
easat-9970	168	9	year	year	NOUN
easat-9970	168	10	observations	observation	NOUN
easat-9970	168	11	from	from	ADP
easat-9970	168	12	publicly	publicly	ADV
easat-9970	168	13	traded	trade	VERB
easat-9970	168	14	companies	company	NOUN
easat-9970	168	15	listed	list	VERB
easat-9970	168	16	on	on	ADP
easat-9970	168	17	major	major	ADJ
easat-9970	168	18	u.s	u.s	PROPN
easat-9970	168	19	.	.	PROPN
easat-9970	168	20	exchanges	exchange	NOUN
easat-9970	168	21	,	,	PUNCT
easat-9970	168	22	thereby	thereby	ADV
easat-9970	168	23	providing	provide	VERB
easat-9970	168	24	a	a	DET
easat-9970	168	25	solid	solid	ADJ
easat-9970	168	26	empirical	empirical	ADJ
easat-9970	168	27	foundation	foundation	NOUN
easat-9970	168	28	for	for	ADP
easat-9970	168	29	analyzing	analyze	VERB
easat-9970	168	30	the	the	DET
easat-9970	168	31	interplay	interplay	NOUN
easat-9970	168	32	between	between	ADP
easat-9970	168	33	digital	digital	ADJ
easat-9970	168	34	asset	asset	NOUN
easat-9970	168	35	investments	investment	NOUN
easat-9970	168	36	and	and	CCONJ
easat-9970	168	37	corporate	corporate	ADJ
easat-9970	168	38	performance	performance	NOUN
easat-9970	168	39	[	[	X
easat-9970	168	40	30	30	NUM
easat-9970	168	41	]	]	PUNCT
easat-9970	168	42	.	.	PUNCT
easat-9970	169	1	the	the	DET
easat-9970	169	2	study	study	NOUN
easat-9970	169	3	utilizes	utilize	VERB
easat-9970	169	4	a	a	DET
easat-9970	169	5	sample	sample	NOUN
easat-9970	169	6	of	of	ADP
easat-9970	169	7	384	384	NUM
easat-9970	169	8	firm	firm	ADJ
easat-9970	169	9	-	-	PUNCT
easat-9970	169	10	year	year	NOUN
easat-9970	169	11	observations	observation	NOUN
easat-9970	169	12	.	.	PUNCT
easat-9970	170	1	the	the	DET
easat-9970	170	2	classification	classification	NOUN
easat-9970	170	3	of	of	ADP
easat-9970	170	4	these	these	DET
easat-9970	170	5	observations	observation	NOUN
easat-9970	170	6	by	by	ADP
easat-9970	170	7	industry	industry	NOUN
easat-9970	170	8	is	be	AUX
easat-9970	170	9	provided	provide	VERB
easat-9970	170	10	in	in	ADP
easat-9970	170	11	table	table	NOUN
easat-9970	170	12	1	1	NUM
easat-9970	170	13	below	below	ADV
easat-9970	170	14	.	.	PUNCT
easat-9970	171	1	762	762	NUM
easat-9970	171	2	edelweiss	edelweiss	PROPN
easat-9970	171	3	applied	apply	VERB
easat-9970	171	4	science	science	NOUN
easat-9970	171	5	and	and	CCONJ
easat-9970	171	6	technology	technology	NOUN
easat-9970	171	7	issn	issn	PROPN
easat-9970	171	8	:	:	PUNCT
easat-9970	171	9	2576	2576	NUM
easat-9970	171	10	-	-	SYM
easat-9970	171	11	8484	8484	NUM
easat-9970	171	12	vol	vol	NOUN
easat-9970	171	13	.	.	PROPN
easat-9970	172	1	9	9	NUM
easat-9970	172	2	,	,	PUNCT
easat-9970	172	3	no	no	INTJ
easat-9970	172	4	.	.	NOUN
easat-9970	172	5	9	9	NUM
easat-9970	172	6	:	:	SYM
easat-9970	172	7	756	756	NUM
easat-9970	172	8	-	-	SYM
easat-9970	172	9	769	769	NUM
easat-9970	172	10	,	,	PUNCT
easat-9970	172	11	2025	2025	NUM
easat-9970	172	12	doi	doi	NOUN
easat-9970	172	13	:	:	PUNCT
easat-9970	172	14	10.55214/2576	10.55214/2576	NUM
easat-9970	172	15	-	-	NUM
easat-9970	172	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	173	1	©	©	PROPN
easat-9970	173	2	2025	2025	NUM
easat-9970	173	3	by	by	ADP
easat-9970	173	4	the	the	DET
easat-9970	173	5	authors	author	NOUN
easat-9970	173	6	;	;	PUNCT
easat-9970	173	7	licensee	licensee	PROPN
easat-9970	173	8	learning	learn	VERB
easat-9970	173	9	gate	gate	NOUN
easat-9970	173	10	table	table	NOUN
easat-9970	173	11	1	1	NUM
easat-9970	173	12	.	.	PUNCT
easat-9970	173	13	industry	industry	NOUN
easat-9970	173	14	distribution	distribution	NOUN
easat-9970	173	15	of	of	ADP
easat-9970	173	16	the	the	DET
easat-9970	173	17	sample	sample	NOUN
easat-9970	173	18	.	.	PUNCT
easat-9970	174	1	industry	industry	NOUN
easat-9970	174	2	number	number	NOUN
easat-9970	174	3	of	of	ADP
easat-9970	174	4	firms	firm	NOUN
easat-9970	174	5	%	%	VERB
easat-9970	174	6	information	information	NOUN
easat-9970	174	7	technology	technology	NOUN
easat-9970	174	8	216	216	NUM
easat-9970	174	9	56	56	NUM
easat-9970	174	10	%	%	NOUN
easat-9970	174	11	financials	financial	NOUN
easat-9970	174	12	36	36	NUM
easat-9970	174	13	9	9	NUM
easat-9970	174	14	%	%	NOUN
easat-9970	174	15	energy	energy	NOUN
easat-9970	174	16	36	36	NUM
easat-9970	174	17	9	9	NUM
easat-9970	174	18	%	%	NOUN
easat-9970	174	19	consumer	consumer	NOUN
easat-9970	174	20	discretionary	discretionary	ADJ
easat-9970	174	21	30	30	NUM
easat-9970	174	22	8	8	NUM
easat-9970	174	23	%	%	NOUN
easat-9970	174	24	communication	communication	NOUN
easat-9970	174	25	services	service	NOUN
easat-9970	174	26	18	18	NUM
easat-9970	174	27	5	5	NUM
easat-9970	174	28	%	%	NOUN
easat-9970	174	29	health	health	NOUN
easat-9970	174	30	care	care	NOUN
easat-9970	174	31	42	42	NUM
easat-9970	174	32	11	11	NUM
easat-9970	174	33	%	%	NOUN
easat-9970	174	34	industrials	industrial	NOUN
easat-9970	174	35	6	6	NUM
easat-9970	174	36	2	2	NUM
easat-9970	174	37	%	%	NOUN
easat-9970	174	38	total	total	NOUN
easat-9970	174	39	384	384	NUM
easat-9970	174	40	100	100	NUM
easat-9970	174	41	%	%	NOUN
easat-9970	174	42	3.2	3.2	NUM
easat-9970	174	43	.	.	PUNCT
easat-9970	175	1	regression	regression	NOUN
easat-9970	175	2	model	model	NOUN
easat-9970	175	3	and	and	CCONJ
easat-9970	175	4	measurement	measurement	NOUN
easat-9970	175	5	of	of	ADP
easat-9970	175	6	variables	variable	NOUN
easat-9970	175	7	the	the	DET
easat-9970	175	8	dependent	dependent	ADJ
easat-9970	175	9	variable	variable	NOUN
easat-9970	175	10	for	for	ADP
easat-9970	175	11	this	this	DET
easat-9970	175	12	analysis	analysis	NOUN
easat-9970	175	13	is	be	AUX
easat-9970	175	14	corporate	corporate	ADJ
easat-9970	175	15	volatility	volatility	NOUN
easat-9970	175	16	performance	performance	NOUN
easat-9970	175	17	,	,	PUNCT
easat-9970	175	18	which	which	PRON
easat-9970	175	19	is	be	AUX
easat-9970	175	20	operationalized	operationalize	VERB
easat-9970	175	21	as	as	ADP
easat-9970	175	22	the	the	DET
easat-9970	175	23	volatility	volatility	NOUN
easat-9970	175	24	of	of	ADP
easat-9970	175	25	stock	stock	NOUN
easat-9970	175	26	returns	return	NOUN
easat-9970	175	27	.	.	PUNCT
easat-9970	176	1	the	the	DET
easat-9970	176	2	regression	regression	NOUN
easat-9970	176	3	model	model	NOUN
easat-9970	176	4	formulated	formulate	VERB
easat-9970	176	5	to	to	PART
easat-9970	176	6	test	test	VERB
easat-9970	176	7	hypotheses	hypothesis	NOUN
easat-9970	176	8	1	1	NUM
easat-9970	176	9	and	and	CCONJ
easat-9970	176	10	1.1	1.1	NUM
easat-9970	176	11	is	be	AUX
easat-9970	176	12	specified	specify	VERB
easat-9970	176	13	below	below	ADV
easat-9970	176	14	.	.	PUNCT
easat-9970	177	1	volatility	volatility	NOUN
easat-9970	177	2	i	i	PRON
easat-9970	177	3	,	,	PUNCT
easat-9970	177	4	t	t	PROPN
easat-9970	177	5	=	=	PUNCT
easat-9970	177	6	α	α	PROPN
easat-9970	177	7	+	+	X
easat-9970	177	8	β	β	X
easat-9970	177	9	1	1	NUM
easat-9970	177	10	cryptor	cryptor	NOUN
easat-9970	177	11	i	i	PROPN
easat-9970	177	12	,	,	PUNCT
easat-9970	177	13	t	t	PROPN
easat-9970	177	14	+	+	CCONJ
easat-9970	177	15	β	β	X
easat-9970	177	16	2	2	NUM
easat-9970	177	17	cryptorfc1	cryptorfc1	NOUN
easat-9970	178	1	i	i	PRON
easat-9970	178	2	,	,	PUNCT
easat-9970	178	3	t	t	PROPN
easat-9970	178	4	+	+	CCONJ
easat-9970	178	5	β	β	X
easat-9970	178	6	3	3	NUM
easat-9970	178	7	cryptorfc2	cryptorfc2	NOUN
easat-9970	178	8	i	i	PRON
easat-9970	178	9	,	,	PUNCT
easat-9970	178	10	t	t	PROPN
easat-9970	179	1	+	+	CCONJ
easat-9970	179	2	∑αjxj	∑αjxj	PROPN
easat-9970	179	3	+	+	CCONJ
easat-9970	179	4	εi	εi	VERB
easat-9970	179	5	,	,	PUNCT
easat-9970	179	6	t	t	PROPN
easat-9970	179	7	(	(	PUNCT
easat-9970	179	8	1	1	X
easat-9970	179	9	)	)	PUNCT
easat-9970	179	10	the	the	DET
easat-9970	179	11	variable	variable	ADJ
easat-9970	179	12	cryptor	cryptor	NOUN
easat-9970	179	13	i	i	PROPN
easat-9970	179	14	,	,	PUNCT
easat-9970	179	15	t	t	PROPN
easat-9970	179	16	denotes	denote	VERB
easat-9970	179	17	the	the	DET
easat-9970	179	18	crypto	crypto	NOUN
easat-9970	179	19	ratio	ratio	NOUN
easat-9970	179	20	,	,	PUNCT
easat-9970	179	21	which	which	PRON
easat-9970	179	22	measures	measure	VERB
easat-9970	179	23	the	the	DET
easat-9970	179	24	level	level	NOUN
easat-9970	179	25	of	of	ADP
easat-9970	179	26	cryptocurrency	cryptocurrency	NOUN
easat-9970	179	27	ownership	ownership	NOUN
easat-9970	179	28	for	for	ADP
easat-9970	179	29	firm	firm	ADJ
easat-9970	179	30	i	i	PRON
easat-9970	179	31	in	in	ADP
easat-9970	179	32	time	time	NOUN
easat-9970	179	33	period	period	NOUN
easat-9970	179	34	t.	t.	PROPN
easat-9970	179	35	crypto	crypto	PROPN
easat-9970	179	36	ratio	ratio	NOUN
easat-9970	179	37	measured	measure	VERB
easat-9970	179	38	as	as	ADP
easat-9970	179	39	the	the	DET
easat-9970	179	40	digital	digital	ADJ
easat-9970	179	41	assets	asset	NOUN
easat-9970	179	42	to	to	PART
easat-9970	179	43	balance	balance	VERB
easat-9970	179	44	sheet	sheet	NOUN
easat-9970	179	45	ratio	ratio	NOUN
easat-9970	179	46	,	,	PUNCT
easat-9970	179	47	this	this	DET
easat-9970	179	48	variable	variable	NOUN
easat-9970	179	49	reflects	reflect	VERB
easat-9970	179	50	the	the	DET
easat-9970	179	51	proportion	proportion	NOUN
easat-9970	179	52	of	of	ADP
easat-9970	179	53	a	a	DET
easat-9970	179	54	firm	firm	NOUN
easat-9970	179	55	’s	’s	PART
easat-9970	179	56	digital	digital	ADJ
easat-9970	179	57	asset	asset	NOUN
easat-9970	179	58	holdings	holding	NOUN
easat-9970	179	59	relative	relative	ADJ
easat-9970	179	60	to	to	ADP
easat-9970	179	61	its	its	PRON
easat-9970	179	62	total	total	ADJ
easat-9970	179	63	assets	asset	NOUN
easat-9970	179	64	.	.	PUNCT
easat-9970	180	1	digital	digital	ADJ
easat-9970	180	2	asset	asset	NOUN
easat-9970	180	3	data	datum	NOUN
easat-9970	180	4	are	be	AUX
easat-9970	180	5	sourced	source	VERB
easat-9970	180	6	from	from	ADP
easat-9970	180	7	financial	financial	ADJ
easat-9970	180	8	statement	statement	NOUN
easat-9970	180	9	disclosures	disclosure	NOUN
easat-9970	180	10	.	.	PUNCT
easat-9970	181	1	the	the	DET
easat-9970	181	2	conceptual	conceptual	ADJ
easat-9970	181	3	framework	framework	NOUN
easat-9970	181	4	underlying	underlie	VERB
easat-9970	181	5	this	this	DET
easat-9970	181	6	study	study	NOUN
easat-9970	181	7	is	be	AUX
easat-9970	181	8	built	build	VERB
easat-9970	181	9	on	on	ADP
easat-9970	181	10	the	the	DET
easat-9970	181	11	premise	premise	NOUN
easat-9970	181	12	that	that	SCONJ
easat-9970	181	13	cryptocurrency	cryptocurrency	NOUN
easat-9970	181	14	ownership	ownership	NOUN
easat-9970	181	15	may	may	AUX
easat-9970	181	16	not	not	PART
easat-9970	181	17	only	only	ADV
easat-9970	181	18	serve	serve	VERB
easat-9970	181	19	as	as	ADP
easat-9970	181	20	an	an	DET
easat-9970	181	21	alternative	alternative	ADJ
easat-9970	181	22	asset	asset	NOUN
easat-9970	181	23	class	class	NOUN
easat-9970	181	24	but	but	CCONJ
easat-9970	181	25	also	also	ADV
easat-9970	181	26	influence	influence	VERB
easat-9970	181	27	a	a	DET
easat-9970	181	28	firm	firm	NOUN
easat-9970	181	29	’s	’s	PART
easat-9970	181	30	risk	risk	NOUN
easat-9970	181	31	exposure	exposure	NOUN
easat-9970	181	32	.	.	PUNCT
easat-9970	182	1	as	as	SCONJ
easat-9970	182	2	companies	company	NOUN
easat-9970	182	3	allocate	allocate	VERB
easat-9970	182	4	a	a	DET
easat-9970	182	5	portion	portion	NOUN
easat-9970	182	6	of	of	ADP
easat-9970	182	7	their	their	PRON
easat-9970	182	8	balance	balance	NOUN
easat-9970	182	9	sheets	sheet	NOUN
easat-9970	182	10	to	to	ADP
easat-9970	182	11	digital	digital	ADJ
easat-9970	182	12	assets	asset	NOUN
easat-9970	182	13	,	,	PUNCT
easat-9970	182	14	the	the	DET
easat-9970	182	15	inherent	inherent	ADJ
easat-9970	182	16	volatility	volatility	NOUN
easat-9970	182	17	of	of	ADP
easat-9970	182	18	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	182	19	may	may	AUX
easat-9970	182	20	transfer	transfer	VERB
easat-9970	182	21	to	to	ADP
easat-9970	182	22	the	the	DET
easat-9970	182	23	firm	firm	NOUN
easat-9970	182	24	’s	’s	PART
easat-9970	182	25	overall	overall	ADJ
easat-9970	182	26	risk	risk	NOUN
easat-9970	182	27	profile	profile	NOUN
easat-9970	182	28	,	,	PUNCT
easat-9970	182	29	potentially	potentially	ADV
easat-9970	182	30	elevating	elevate	VERB
easat-9970	182	31	the	the	DET
easat-9970	182	32	standard	standard	ADJ
easat-9970	182	33	deviation	deviation	NOUN
easat-9970	182	34	of	of	ADP
easat-9970	182	35	its	its	PRON
easat-9970	182	36	stock	stock	NOUN
easat-9970	182	37	returns	return	NOUN
easat-9970	182	38	.	.	PUNCT
easat-9970	183	1	the	the	DET
easat-9970	183	2	digital	digital	ADJ
easat-9970	183	3	assets	asset	NOUN
easat-9970	183	4	to	to	PART
easat-9970	183	5	balance	balance	VERB
easat-9970	183	6	sheet	sheet	NOUN
easat-9970	183	7	ratio	ratio	NOUN
easat-9970	183	8	is	be	AUX
easat-9970	183	9	thus	thus	ADV
easat-9970	183	10	a	a	DET
easat-9970	183	11	critical	critical	ADJ
easat-9970	183	12	measure	measure	NOUN
easat-9970	183	13	in	in	ADP
easat-9970	183	14	this	this	DET
easat-9970	183	15	context	context	NOUN
easat-9970	183	16	,	,	PUNCT
easat-9970	183	17	capturing	capture	VERB
easat-9970	183	18	the	the	DET
easat-9970	183	19	extent	extent	NOUN
easat-9970	183	20	of	of	ADP
easat-9970	183	21	a	a	DET
easat-9970	183	22	firm	firm	NOUN
easat-9970	183	23	’s	’s	PART
easat-9970	183	24	exposure	exposure	NOUN
easat-9970	183	25	to	to	ADP
easat-9970	183	26	the	the	DET
easat-9970	183	27	digital	digital	ADJ
easat-9970	183	28	asset	asset	NOUN
easat-9970	183	29	market	market	NOUN
easat-9970	183	30	.	.	PUNCT
easat-9970	184	1	empirical	empirical	ADJ
easat-9970	184	2	studies	study	NOUN
easat-9970	184	3	,	,	PUNCT
easat-9970	184	4	such	such	ADJ
easat-9970	184	5	as	as	ADP
easat-9970	184	6	those	those	PRON
easat-9970	184	7	by	by	ADP
easat-9970	184	8	catalini	catalini	NOUN
easat-9970	184	9	and	and	CCONJ
easat-9970	184	10	gans	gan	NOUN
easat-9970	184	11	[	[	X
easat-9970	184	12	31	31	NUM
easat-9970	184	13	]	]	PUNCT
easat-9970	184	14	and	and	CCONJ
easat-9970	184	15	baur	baur	NOUN
easat-9970	184	16	,	,	PUNCT
easat-9970	184	17	et	et	PROPN
easat-9970	184	18	al	al	PROPN
easat-9970	184	19	.	.	PUNCT
easat-9970	185	1	[	[	X
easat-9970	185	2	32	32	NUM
easat-9970	185	3	]	]	PUNCT
easat-9970	185	4	have	have	AUX
easat-9970	185	5	highlighted	highlight	VERB
easat-9970	185	6	the	the	DET
easat-9970	185	7	transformative	transformative	ADJ
easat-9970	185	8	role	role	NOUN
easat-9970	185	9	of	of	ADP
easat-9970	185	10	blockchain	blockchain	PROPN
easat-9970	185	11	technology	technology	PROPN
easat-9970	185	12	and	and	CCONJ
easat-9970	185	13	digital	digital	ADJ
easat-9970	185	14	assets	asset	NOUN
easat-9970	185	15	in	in	ADP
easat-9970	185	16	reshaping	reshape	VERB
easat-9970	185	17	financial	financial	ADJ
easat-9970	185	18	strategies	strategy	NOUN
easat-9970	185	19	.	.	PUNCT
easat-9970	186	1	however	however	ADV
easat-9970	186	2	,	,	PUNCT
easat-9970	186	3	this	this	DET
easat-9970	186	4	study	study	NOUN
easat-9970	186	5	extends	extend	VERB
easat-9970	186	6	the	the	DET
easat-9970	186	7	conversation	conversation	NOUN
easat-9970	186	8	by	by	ADP
easat-9970	186	9	exploring	explore	VERB
easat-9970	186	10	how	how	SCONJ
easat-9970	186	11	these	these	DET
easat-9970	186	12	effects	effect	NOUN
easat-9970	186	13	are	be	AUX
easat-9970	186	14	intertwined	intertwine	VERB
easat-9970	186	15	with	with	ADP
easat-9970	186	16	broader	broad	ADJ
easat-9970	186	17	financial	financial	ADJ
easat-9970	186	18	conditions	condition	NOUN
easat-9970	186	19	.	.	PUNCT
easat-9970	187	1	the	the	DET
easat-9970	187	2	variable	variable	ADJ
easat-9970	187	3	cryptorfc1	cryptorfc1	PROPN
easat-9970	188	1	i	i	PRON
easat-9970	188	2	,	,	PUNCT
easat-9970	188	3	t	t	PROPN
easat-9970	188	4	represents	represent	VERB
easat-9970	188	5	the	the	DET
easat-9970	188	6	interaction	interaction	NOUN
easat-9970	188	7	term	term	NOUN
easat-9970	188	8	between	between	ADP
easat-9970	188	9	the	the	DET
easat-9970	188	10	crypto	crypto	NOUN
easat-9970	188	11	ratio	ratio	NOUN
easat-9970	188	12	and	and	CCONJ
easat-9970	188	13	the	the	DET
easat-9970	188	14	first	first	ADJ
easat-9970	188	15	measure	measure	NOUN
easat-9970	188	16	of	of	ADP
easat-9970	188	17	financial	financial	ADJ
easat-9970	188	18	condition	condition	NOUN
easat-9970	188	19	(	(	PUNCT
easat-9970	188	20	external	external	ADJ
easat-9970	188	21	financial	financial	ADJ
easat-9970	188	22	condition	condition	NOUN
easat-9970	188	23	)	)	PUNCT
easat-9970	188	24	for	for	ADP
easat-9970	188	25	firm	firm	ADJ
easat-9970	188	26	i	i	PRON
easat-9970	188	27	in	in	ADP
easat-9970	188	28	year	year	NOUN
easat-9970	188	29	t.	t.	PROPN
easat-9970	188	30	external	external	ADJ
easat-9970	188	31	financial	financial	ADJ
easat-9970	188	32	condition	condition	NOUN
easat-9970	188	33	is	be	AUX
easat-9970	188	34	measured	measure	VERB
easat-9970	188	35	as	as	ADP
easat-9970	188	36	corporate	corporate	ADJ
easat-9970	188	37	beta	beta	NOUN
easat-9970	188	38	.	.	PUNCT
easat-9970	189	1	corporate	corporate	ADJ
easat-9970	189	2	beta	beta	NOUN
easat-9970	189	3	is	be	AUX
easat-9970	189	4	computed	compute	VERB
easat-9970	189	5	by	by	ADP
easat-9970	189	6	regressing	regress	VERB
easat-9970	189	7	the	the	DET
easat-9970	189	8	firm	firm	NOUN
easat-9970	189	9	’s	’s	PART
easat-9970	189	10	daily	daily	ADJ
easat-9970	189	11	stock	stock	NOUN
easat-9970	189	12	returns	return	NOUN
easat-9970	189	13	on	on	ADP
easat-9970	189	14	a	a	DET
easat-9970	189	15	benchmark	benchmark	ADJ
easat-9970	189	16	index	index	NOUN
easat-9970	189	17	(	(	PUNCT
easat-9970	189	18	e.g.	e.g.	ADV
easat-9970	189	19	,	,	PUNCT
easat-9970	189	20	the	the	DET
easat-9970	189	21	s&p	s&p	PROPN
easat-9970	189	22	500	500	NUM
easat-9970	189	23	)	)	PUNCT
easat-9970	189	24	.	.	PUNCT
easat-9970	190	1	this	this	DET
easat-9970	190	2	metric	metric	ADJ
easat-9970	190	3	assesses	assesse	NOUN
easat-9970	190	4	the	the	DET
easat-9970	190	5	firm	firm	NOUN
easat-9970	190	6	’s	’s	PART
easat-9970	190	7	sensitivity	sensitivity	NOUN
easat-9970	190	8	to	to	ADP
easat-9970	190	9	market	market	NOUN
easat-9970	190	10	fluctuations	fluctuation	NOUN
easat-9970	190	11	,	,	PUNCT
easat-9970	190	12	thereby	thereby	ADV
easat-9970	190	13	reflecting	reflect	VERB
easat-9970	190	14	external	external	ADJ
easat-9970	190	15	financial	financial	ADJ
easat-9970	190	16	conditions	condition	NOUN
easat-9970	190	17	.	.	PUNCT
easat-9970	191	1	the	the	DET
easat-9970	191	2	variable	variable	ADJ
easat-9970	191	3	cryptorfc2	cryptorfc2	PROPN
easat-9970	191	4	i	i	PRON
easat-9970	191	5	,	,	PUNCT
easat-9970	191	6	t	t	PROPN
easat-9970	191	7	denotes	denote	VERB
easat-9970	191	8	the	the	DET
easat-9970	191	9	interaction	interaction	NOUN
easat-9970	191	10	term	term	NOUN
easat-9970	191	11	between	between	ADP
easat-9970	191	12	the	the	DET
easat-9970	191	13	crypto	crypto	NOUN
easat-9970	191	14	ratio	ratio	NOUN
easat-9970	191	15	and	and	CCONJ
easat-9970	191	16	the	the	DET
easat-9970	191	17	second	second	ADJ
easat-9970	191	18	measure	measure	NOUN
easat-9970	191	19	of	of	ADP
easat-9970	191	20	financial	financial	ADJ
easat-9970	191	21	condition	condition	NOUN
easat-9970	191	22	(	(	PUNCT
easat-9970	191	23	internal	internal	ADJ
easat-9970	191	24	financial	financial	ADJ
easat-9970	191	25	condition	condition	NOUN
easat-9970	191	26	)	)	PUNCT
easat-9970	191	27	for	for	ADP
easat-9970	191	28	firm	firm	ADJ
easat-9970	191	29	i	i	PRON
easat-9970	191	30	in	in	ADP
easat-9970	191	31	year	year	NOUN
easat-9970	191	32	t.	t.	PROPN
easat-9970	191	33	internal	internal	ADJ
easat-9970	191	34	financial	financial	ADJ
easat-9970	191	35	condition	condition	NOUN
easat-9970	191	36	is	be	AUX
easat-9970	191	37	measured	measure	VERB
easat-9970	191	38	as	as	ADP
easat-9970	191	39	return	return	NOUN
easat-9970	191	40	on	on	ADP
easat-9970	191	41	asset	asset	NOUN
easat-9970	191	42	(	(	PUNCT
easat-9970	191	43	roa	roa	PROPN
easat-9970	191	44	)	)	PUNCT
easat-9970	191	45	.	.	PUNCT
easat-9970	192	1	roa	roa	PROPN
easat-9970	192	2	is	be	AUX
easat-9970	192	3	a	a	DET
easat-9970	192	4	profitability	profitability	NOUN
easat-9970	192	5	ratio	ratio	NOUN
easat-9970	192	6	defined	define	VERB
easat-9970	192	7	as	as	ADP
easat-9970	192	8	net	net	ADJ
easat-9970	192	9	income	income	NOUN
easat-9970	192	10	divided	divide	VERB
easat-9970	192	11	by	by	ADP
easat-9970	192	12	total	total	ADJ
easat-9970	192	13	assets	asset	NOUN
easat-9970	192	14	.	.	PUNCT
easat-9970	193	1	this	this	DET
easat-9970	193	2	metric	metric	NOUN
easat-9970	193	3	indicates	indicate	VERB
easat-9970	193	4	a	a	DET
easat-9970	193	5	company	company	NOUN
easat-9970	193	6	's	's	PART
easat-9970	193	7	efficiency	efficiency	NOUN
easat-9970	193	8	in	in	ADP
easat-9970	193	9	utilizing	utilize	VERB
easat-9970	193	10	its	its	PRON
easat-9970	193	11	asset	asset	NOUN
easat-9970	193	12	base	base	NOUN
easat-9970	193	13	to	to	PART
easat-9970	193	14	generate	generate	VERB
easat-9970	193	15	earnings	earning	NOUN
easat-9970	193	16	.	.	PUNCT
easat-9970	194	1	control	control	NOUN
easat-9970	194	2	variables	variable	NOUN
easat-9970	194	3	including	include	VERB
easat-9970	194	4	size	size	NOUN
easat-9970	194	5	,	,	PUNCT
easat-9970	194	6	leverage	leverage	NOUN
easat-9970	194	7	,	,	PUNCT
easat-9970	194	8	market	market	NOUN
easat-9970	194	9	volatility	volatility	NOUN
easat-9970	194	10	(	(	PUNCT
easat-9970	194	11	vix	vix	NOUN
easat-9970	194	12	)	)	PUNCT
easat-9970	194	13	,	,	PUNCT
easat-9970	194	14	and	and	CCONJ
easat-9970	194	15	inflation	inflation	NOUN
easat-9970	194	16	are	be	AUX
easat-9970	194	17	all	all	PRON
easat-9970	194	18	included	include	VERB
easat-9970	194	19	in	in	ADP
easat-9970	194	20	the	the	DET
easat-9970	194	21	model	model	NOUN
easat-9970	194	22	.	.	PUNCT
easat-9970	195	1	hypotheses	hypothesis	NOUN
easat-9970	195	2	2	2	NUM
easat-9970	195	3	is	be	AUX
easat-9970	195	4	examined	examine	VERB
easat-9970	195	5	through	through	ADP
easat-9970	195	6	the	the	DET
easat-9970	195	7	fixed	fixed	ADJ
easat-9970	195	8	effect	effect	NOUN
easat-9970	195	9	model	model	NOUN
easat-9970	195	10	.	.	PUNCT
easat-9970	196	1	unlike	unlike	ADP
easat-9970	196	2	simple	simple	ADJ
easat-9970	196	3	ordinary	ordinary	ADJ
easat-9970	196	4	least	least	ADJ
easat-9970	196	5	squares	square	NOUN
easat-9970	196	6	(	(	PUNCT
easat-9970	196	7	ols	ol	NOUN
easat-9970	196	8	)	)	PUNCT
easat-9970	196	9	models	model	NOUN
easat-9970	196	10	,	,	PUNCT
easat-9970	196	11	the	the	DET
easat-9970	196	12	fixed	fix	VERB
easat-9970	196	13	effects	effect	NOUN
easat-9970	196	14	approach	approach	NOUN
easat-9970	196	15	accounts	account	VERB
easat-9970	196	16	for	for	ADP
easat-9970	196	17	unobserved	unobserved	ADJ
easat-9970	196	18	heterogeneity	heterogeneity	NOUN
easat-9970	196	19	by	by	ADP
easat-9970	196	20	controlling	control	VERB
easat-9970	196	21	for	for	ADP
easat-9970	196	22	timeinvariant	timeinvariant	ADJ
easat-9970	196	23	characteristics	characteristic	NOUN
easat-9970	196	24	that	that	PRON
easat-9970	196	25	vary	vary	VERB
easat-9970	196	26	across	across	ADP
easat-9970	196	27	firms	firm	NOUN
easat-9970	196	28	.	.	PUNCT
easat-9970	197	1	this	this	DET
easat-9970	197	2	methodology	methodology	NOUN
easat-9970	197	3	effectively	effectively	ADV
easat-9970	197	4	removes	remove	VERB
easat-9970	197	5	bias	bias	NOUN
easat-9970	197	6	from	from	ADP
easat-9970	197	7	omitted	omit	VERB
easat-9970	197	8	variables	variable	NOUN
easat-9970	197	9	that	that	PRON
easat-9970	197	10	are	be	AUX
easat-9970	197	11	constant	constant	ADJ
easat-9970	197	12	over	over	ADP
easat-9970	197	13	time	time	NOUN
easat-9970	197	14	but	but	CCONJ
easat-9970	197	15	might	might	AUX
easat-9970	197	16	differ	differ	VERB
easat-9970	197	17	across	across	ADP
easat-9970	197	18	entities	entity	NOUN
easat-9970	197	19	,	,	PUNCT
easat-9970	197	20	such	such	ADJ
easat-9970	197	21	as	as	ADP
easat-9970	197	22	management	management	NOUN
easat-9970	197	23	style	style	NOUN
easat-9970	197	24	,	,	PUNCT
easat-9970	197	25	industry	industry	NOUN
easat-9970	197	26	-	-	PUNCT
easat-9970	197	27	specific	specific	ADJ
easat-9970	197	28	factors	factor	NOUN
easat-9970	197	29	,	,	PUNCT
easat-9970	197	30	or	or	CCONJ
easat-9970	197	31	corporate	corporate	ADJ
easat-9970	197	32	culture	culture	NOUN
easat-9970	197	33	.	.	PUNCT
easat-9970	198	1	by	by	ADP
easat-9970	198	2	using	use	VERB
easat-9970	198	3	fixed	fix	VERB
easat-9970	198	4	effects	effect	NOUN
easat-9970	198	5	,	,	PUNCT
easat-9970	198	6	the	the	DET
easat-9970	198	7	analysis	analysis	NOUN
easat-9970	198	8	focuses	focus	VERB
easat-9970	198	9	on	on	ADP
easat-9970	198	10	within	within	ADP
easat-9970	198	11	-	-	PUNCT
easat-9970	198	12	firm	firm	NOUN
easat-9970	198	13	variations	variation	NOUN
easat-9970	198	14	over	over	ADP
easat-9970	198	15	time	time	NOUN
easat-9970	198	16	,	,	PUNCT
easat-9970	198	17	thereby	thereby	ADV
easat-9970	198	18	providing	provide	VERB
easat-9970	198	19	more	more	ADV
easat-9970	198	20	reliable	reliable	ADJ
easat-9970	198	21	estimates	estimate	NOUN
easat-9970	198	22	of	of	ADP
easat-9970	198	23	how	how	SCONJ
easat-9970	198	24	changes	change	NOUN
easat-9970	198	25	in	in	ADP
easat-9970	198	26	cryptocurrency	cryptocurrency	NOUN
easat-9970	198	27	ownership	ownership	NOUN
easat-9970	198	28	impact	impact	NOUN
easat-9970	198	29	corporate	corporate	ADJ
easat-9970	198	30	volatility	volatility	NOUN
easat-9970	198	31	performance	performance	NOUN
easat-9970	198	32	.	.	PUNCT
easat-9970	199	1	the	the	DET
easat-9970	199	2	regression	regression	NOUN
easat-9970	199	3	model	model	NOUN
easat-9970	199	4	is	be	AUX
easat-9970	199	5	specified	specify	VERB
easat-9970	199	6	as	as	SCONJ
easat-9970	199	7	follows	follow	VERB
easat-9970	199	8	:	:	PUNCT
easat-9970	199	9	volatility	volatility	NOUN
easat-9970	199	10	i	i	PRON
easat-9970	199	11	,	,	PUNCT
easat-9970	199	12	t	t	PROPN
easat-9970	199	13	=	=	PUNCT
easat-9970	199	14	α	α	PROPN
easat-9970	199	15	+	+	X
easat-9970	199	16	β	β	X
easat-9970	199	17	1	1	NUM
easat-9970	199	18	cryptor	cryptor	NOUN
easat-9970	199	19	i	i	PROPN
easat-9970	199	20	,	,	PUNCT
easat-9970	199	21	t	t	PROPN
easat-9970	199	22	+	+	CCONJ
easat-9970	199	23	β	β	X
easat-9970	199	24	2	2	NUM
easat-9970	199	25	cryptorlliquid	cryptorlliquid	NOUN
easat-9970	199	26	i	i	PRON
easat-9970	199	27	,	,	PUNCT
easat-9970	199	28	t	t	PROPN
easat-9970	200	1	+	+	CCONJ
easat-9970	200	2	∑αjxj	∑αjxj	PROPN
easat-9970	200	3	+	+	CCONJ
easat-9970	200	4	εi	εi	VERB
easat-9970	200	5	,	,	PUNCT
easat-9970	200	6	t	t	PROPN
easat-9970	200	7	(	(	PUNCT
easat-9970	200	8	2	2	NUM
easat-9970	200	9	)	)	PUNCT
easat-9970	200	10	the	the	DET
easat-9970	200	11	primary	primary	ADJ
easat-9970	200	12	dependent	dependent	ADJ
easat-9970	200	13	variable	variable	NOUN
easat-9970	200	14	,	,	PUNCT
easat-9970	200	15	corporate	corporate	ADJ
easat-9970	200	16	volatility	volatility	NOUN
easat-9970	200	17	(	(	PUNCT
easat-9970	200	18	volatility	volatility	NOUN
easat-9970	200	19	i	i	PRON
easat-9970	200	20	,	,	PUNCT
easat-9970	200	21	t	t	PROPN
easat-9970	200	22	)	)	PUNCT
easat-9970	200	23	,	,	PUNCT
easat-9970	200	24	is	be	AUX
easat-9970	200	25	measured	measure	VERB
easat-9970	200	26	as	as	ADP
easat-9970	200	27	the	the	DET
easat-9970	200	28	annualized	annualize	VERB
easat-9970	200	29	standard	standard	ADJ
easat-9970	200	30	deviation	deviation	NOUN
easat-9970	200	31	of	of	ADP
easat-9970	200	32	stock	stock	NOUN
easat-9970	200	33	returns	return	NOUN
easat-9970	200	34	for	for	ADP
easat-9970	200	35	firm	firm	ADJ
easat-9970	200	36	i	i	PRON
easat-9970	200	37	in	in	ADP
easat-9970	200	38	year	year	NOUN
easat-9970	200	39	t.	t.	NOUN
easat-9970	201	1	the	the	DET
easat-9970	201	2	calculation	calculation	NOUN
easat-9970	201	3	is	be	AUX
easat-9970	201	4	based	base	VERB
easat-9970	201	5	on	on	ADP
easat-9970	201	6	weekly	weekly	ADJ
easat-9970	201	7	logarithmic	logarithmic	ADJ
easat-9970	201	8	763	763	NUM
easat-9970	201	9	edelweiss	edelweiss	PROPN
easat-9970	201	10	applied	apply	VERB
easat-9970	201	11	science	science	NOUN
easat-9970	201	12	and	and	CCONJ
easat-9970	201	13	technology	technology	NOUN
easat-9970	201	14	issn	issn	PROPN
easat-9970	201	15	:	:	PUNCT
easat-9970	201	16	2576	2576	NUM
easat-9970	201	17	-	-	SYM
easat-9970	201	18	8484	8484	NUM
easat-9970	201	19	vol	vol	NOUN
easat-9970	201	20	.	.	PROPN
easat-9970	202	1	9	9	NUM
easat-9970	202	2	,	,	PUNCT
easat-9970	202	3	no	no	INTJ
easat-9970	202	4	.	.	NOUN
easat-9970	202	5	9	9	NUM
easat-9970	202	6	:	:	SYM
easat-9970	202	7	756	756	NUM
easat-9970	202	8	-	-	SYM
easat-9970	202	9	769	769	NUM
easat-9970	202	10	,	,	PUNCT
easat-9970	202	11	2025	2025	NUM
easat-9970	202	12	doi	doi	NOUN
easat-9970	202	13	:	:	PUNCT
easat-9970	202	14	10.55214/2576	10.55214/2576	NUM
easat-9970	202	15	-	-	NUM
easat-9970	202	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	203	1	©	©	PROPN
easat-9970	203	2	2025	2025	NUM
easat-9970	203	3	by	by	ADP
easat-9970	203	4	the	the	DET
easat-9970	203	5	authors	author	NOUN
easat-9970	203	6	;	;	PUNCT
easat-9970	203	7	licensee	licensee	PROPN
easat-9970	203	8	learning	learn	VERB
easat-9970	203	9	gate	gate	PROPN
easat-9970	203	10	stock	stock	NOUN
easat-9970	203	11	returns	return	NOUN
easat-9970	203	12	sourced	source	VERB
easat-9970	203	13	from	from	ADP
easat-9970	203	14	refinitiv	refinitiv	PROPN
easat-9970	203	15	.	.	PUNCT
easat-9970	204	1	specifically	specifically	ADV
easat-9970	204	2	,	,	PUNCT
easat-9970	204	3	the	the	DET
easat-9970	204	4	standard	standard	ADJ
easat-9970	204	5	deviation	deviation	NOUN
easat-9970	204	6	of	of	ADP
easat-9970	204	7	these	these	DET
easat-9970	204	8	weekly	weekly	ADJ
easat-9970	204	9	returns	return	NOUN
easat-9970	204	10	is	be	AUX
easat-9970	204	11	first	first	ADV
easat-9970	204	12	computed	compute	VERB
easat-9970	204	13	for	for	ADP
easat-9970	204	14	each	each	DET
easat-9970	204	15	month	month	NOUN
easat-9970	204	16	to	to	PART
easat-9970	204	17	establish	establish	VERB
easat-9970	204	18	monthly	monthly	ADJ
easat-9970	204	19	volatility	volatility	NOUN
easat-9970	204	20	.	.	PUNCT
easat-9970	205	1	subsequently	subsequently	ADV
easat-9970	205	2	,	,	PUNCT
easat-9970	205	3	these	these	DET
easat-9970	205	4	monthly	monthly	ADJ
easat-9970	205	5	figures	figure	NOUN
easat-9970	205	6	are	be	AUX
easat-9970	205	7	averaged	average	VERB
easat-9970	205	8	to	to	PART
easat-9970	205	9	derive	derive	VERB
easat-9970	205	10	the	the	DET
easat-9970	205	11	final	final	ADJ
easat-9970	205	12	annual	annual	ADJ
easat-9970	205	13	volatility	volatility	NOUN
easat-9970	205	14	measure	measure	NOUN
easat-9970	205	15	for	for	ADP
easat-9970	205	16	each	each	DET
easat-9970	205	17	firm	firm	NOUN
easat-9970	205	18	.	.	PUNCT
easat-9970	206	1	the	the	DET
easat-9970	206	2	variable	variable	ADJ
easat-9970	206	3	cryptorlliquid	cryptorlliquid	PROPN
easat-9970	206	4	i	i	PRON
easat-9970	206	5	,	,	PUNCT
easat-9970	206	6	t	t	PROPN
easat-9970	206	7	represents	represent	VERB
easat-9970	206	8	the	the	DET
easat-9970	206	9	interaction	interaction	NOUN
easat-9970	206	10	term	term	NOUN
easat-9970	206	11	between	between	ADP
easat-9970	206	12	the	the	DET
easat-9970	206	13	crypto	crypto	NOUN
easat-9970	206	14	ratio	ratio	NOUN
easat-9970	206	15	and	and	CCONJ
easat-9970	206	16	a	a	DET
easat-9970	206	17	state	state	NOUN
easat-9970	206	18	of	of	ADP
easat-9970	206	19	low	low	ADJ
easat-9970	206	20	liquidity	liquidity	NOUN
easat-9970	206	21	(	(	PUNCT
easat-9970	206	22	liquidity	liquidity	NOUN
easat-9970	206	23	crisis	crisis	NOUN
easat-9970	206	24	)	)	PUNCT
easat-9970	206	25	for	for	ADP
easat-9970	206	26	firm	firm	ADJ
easat-9970	206	27	i	i	PRON
easat-9970	206	28	in	in	ADP
easat-9970	206	29	year	year	NOUN
easat-9970	206	30	t.	t.	PROPN
easat-9970	206	31	liquidity	liquidity	NOUN
easat-9970	206	32	is	be	AUX
easat-9970	206	33	a	a	DET
easat-9970	206	34	cornerstone	cornerstone	NOUN
easat-9970	206	35	of	of	ADP
easat-9970	206	36	financial	financial	ADJ
easat-9970	206	37	stability	stability	NOUN
easat-9970	206	38	,	,	PUNCT
easat-9970	206	39	and	and	CCONJ
easat-9970	206	40	its	its	PRON
easat-9970	206	41	role	role	NOUN
easat-9970	206	42	in	in	ADP
easat-9970	206	43	this	this	DET
easat-9970	206	44	analysis	analysis	NOUN
easat-9970	206	45	is	be	AUX
easat-9970	206	46	critical	critical	ADJ
easat-9970	206	47	.	.	PUNCT
easat-9970	207	1	this	this	DET
easat-9970	207	2	study	study	NOUN
easat-9970	207	3	assesses	assess	VERB
easat-9970	207	4	short	short	ADJ
easat-9970	207	5	-	-	PUNCT
easat-9970	207	6	term	term	NOUN
easat-9970	207	7	liquidity	liquidity	NOUN
easat-9970	207	8	using	use	VERB
easat-9970	207	9	the	the	DET
easat-9970	207	10	current	current	ADJ
easat-9970	207	11	ratio	ratio	NOUN
easat-9970	207	12	,	,	PUNCT
easat-9970	207	13	calculated	calculate	VERB
easat-9970	207	14	as	as	ADP
easat-9970	207	15	current	current	ADJ
easat-9970	207	16	assets	asset	NOUN
easat-9970	207	17	divided	divide	VERB
easat-9970	207	18	by	by	ADP
easat-9970	207	19	current	current	ADJ
easat-9970	207	20	liabilities	liability	NOUN
easat-9970	207	21	.	.	PUNCT
easat-9970	208	1	to	to	PART
easat-9970	208	2	capture	capture	VERB
easat-9970	208	3	periods	period	NOUN
easat-9970	208	4	of	of	ADP
easat-9970	208	5	financial	financial	ADJ
easat-9970	208	6	constraint	constraint	NOUN
easat-9970	208	7	,	,	PUNCT
easat-9970	208	8	this	this	DET
easat-9970	208	9	continuous	continuous	ADJ
easat-9970	208	10	measure	measure	NOUN
easat-9970	208	11	is	be	AUX
easat-9970	208	12	transformed	transform	VERB
easat-9970	208	13	into	into	ADP
easat-9970	208	14	a	a	DET
easat-9970	208	15	dummy	dummy	ADJ
easat-9970	208	16	variable	variable	NOUN
easat-9970	208	17	.	.	PUNCT
easat-9970	209	1	firms	firm	NOUN
easat-9970	209	2	are	be	AUX
easat-9970	209	3	classified	classify	VERB
easat-9970	209	4	as	as	ADP
easat-9970	209	5	having	have	VERB
easat-9970	209	6	low	low	ADJ
easat-9970	209	7	liquidity	liquidity	NOUN
easat-9970	209	8	(	(	PUNCT
easat-9970	209	9	coded	code	VERB
easat-9970	209	10	as	as	ADP
easat-9970	209	11	1	1	NUM
easat-9970	209	12	)	)	PUNCT
easat-9970	209	13	if	if	SCONJ
easat-9970	209	14	their	their	PRON
easat-9970	209	15	current	current	ADJ
easat-9970	209	16	ratio	ratio	NOUN
easat-9970	209	17	is	be	AUX
easat-9970	209	18	below	below	ADP
easat-9970	209	19	the	the	DET
easat-9970	209	20	sample	sample	NOUN
easat-9970	209	21	average	average	NOUN
easat-9970	209	22	,	,	PUNCT
easat-9970	209	23	and	and	CCONJ
easat-9970	209	24	as	as	ADP
easat-9970	209	25	having	have	VERB
easat-9970	209	26	high	high	ADJ
easat-9970	209	27	liquidity	liquidity	NOUN
easat-9970	209	28	(	(	PUNCT
easat-9970	209	29	coded	code	VERB
easat-9970	209	30	as	as	ADP
easat-9970	209	31	0	0	NUM
easat-9970	209	32	)	)	PUNCT
easat-9970	209	33	if	if	SCONJ
easat-9970	209	34	their	their	PRON
easat-9970	209	35	ratio	ratio	NOUN
easat-9970	209	36	is	be	AUX
easat-9970	209	37	at	at	ADP
easat-9970	209	38	or	or	CCONJ
easat-9970	209	39	above	above	ADP
easat-9970	209	40	the	the	DET
easat-9970	209	41	average	average	NOUN
easat-9970	209	42	.	.	PUNCT
easat-9970	210	1	this	this	DET
easat-9970	210	2	binary	binary	ADJ
easat-9970	210	3	transformation	transformation	NOUN
easat-9970	210	4	facilitates	facilitate	VERB
easat-9970	210	5	the	the	DET
easat-9970	210	6	investigation	investigation	NOUN
easat-9970	210	7	of	of	ADP
easat-9970	210	8	how	how	SCONJ
easat-9970	210	9	liquidity	liquidity	NOUN
easat-9970	210	10	,	,	PUNCT
easat-9970	210	11	as	as	ADP
easat-9970	210	12	a	a	DET
easat-9970	210	13	distinct	distinct	ADJ
easat-9970	210	14	financial	financial	ADJ
easat-9970	210	15	condition	condition	NOUN
easat-9970	210	16	,	,	PUNCT
easat-9970	210	17	influences	influence	VERB
easat-9970	210	18	the	the	DET
easat-9970	210	19	relationship	relationship	NOUN
easat-9970	210	20	between	between	ADP
easat-9970	210	21	cryptocurrency	cryptocurrency	NOUN
easat-9970	210	22	ownership	ownership	NOUN
easat-9970	210	23	and	and	CCONJ
easat-9970	210	24	corporate	corporate	ADJ
easat-9970	210	25	volatility	volatility	NOUN
easat-9970	210	26	performance	performance	NOUN
easat-9970	210	27	.	.	PUNCT
easat-9970	211	1	the	the	DET
easat-9970	211	2	transformation	transformation	NOUN
easat-9970	211	3	into	into	ADP
easat-9970	211	4	a	a	DET
easat-9970	211	5	dummy	dummy	ADJ
easat-9970	211	6	variable	variable	NOUN
easat-9970	211	7	also	also	ADV
easat-9970	211	8	simplifies	simplify	VERB
easat-9970	211	9	the	the	DET
easat-9970	211	10	interpretation	interpretation	NOUN
easat-9970	211	11	of	of	ADP
easat-9970	211	12	interaction	interaction	NOUN
easat-9970	211	13	effects	effect	NOUN
easat-9970	211	14	in	in	ADP
easat-9970	211	15	the	the	DET
easat-9970	211	16	regression	regression	NOUN
easat-9970	211	17	framework	framework	NOUN
easat-9970	211	18	,	,	PUNCT
easat-9970	211	19	particularly	particularly	ADV
easat-9970	211	20	when	when	SCONJ
easat-9970	211	21	examining	examine	VERB
easat-9970	211	22	moderating	moderating	NOUN
easat-9970	211	23	influences	influence	NOUN
easat-9970	211	24	.	.	PUNCT
easat-9970	212	1	in	in	ADP
easat-9970	212	2	addition	addition	NOUN
easat-9970	212	3	to	to	ADP
easat-9970	212	4	the	the	DET
easat-9970	212	5	primary	primary	ADJ
easat-9970	212	6	variables	variable	NOUN
easat-9970	212	7	of	of	ADP
easat-9970	212	8	interest	interest	NOUN
easat-9970	212	9	,	,	PUNCT
easat-9970	212	10	several	several	ADJ
easat-9970	212	11	control	control	NOUN
easat-9970	212	12	variables	variable	NOUN
easat-9970	212	13	are	be	AUX
easat-9970	212	14	incorporated	incorporate	VERB
easat-9970	212	15	to	to	PART
easat-9970	212	16	account	account	VERB
easat-9970	212	17	for	for	ADP
easat-9970	212	18	other	other	ADJ
easat-9970	212	19	factors	factor	NOUN
easat-9970	212	20	that	that	PRON
easat-9970	212	21	might	might	AUX
easat-9970	212	22	influence	influence	VERB
easat-9970	212	23	corporate	corporate	ADJ
easat-9970	212	24	volatility	volatility	NOUN
easat-9970	212	25	.	.	PUNCT
easat-9970	213	1	firm	firm	ADJ
easat-9970	213	2	size	size	NOUN
easat-9970	213	3	,	,	PUNCT
easat-9970	213	4	measured	measure	VERB
easat-9970	213	5	by	by	ADP
easat-9970	213	6	the	the	DET
easat-9970	213	7	natural	natural	ADJ
easat-9970	213	8	logarithm	logarithm	NOUN
easat-9970	213	9	of	of	ADP
easat-9970	213	10	total	total	ADJ
easat-9970	213	11	assets	asset	NOUN
easat-9970	213	12	,	,	PUNCT
easat-9970	213	13	is	be	AUX
easat-9970	213	14	included	include	VERB
easat-9970	213	15	to	to	PART
easat-9970	213	16	capture	capture	VERB
easat-9970	213	17	the	the	DET
easat-9970	213	18	scale	scale	NOUN
easat-9970	213	19	of	of	ADP
easat-9970	213	20	operations	operation	NOUN
easat-9970	213	21	and	and	CCONJ
easat-9970	213	22	its	its	PRON
easat-9970	213	23	potential	potential	ADJ
easat-9970	213	24	moderating	moderate	VERB
easat-9970	213	25	effect	effect	NOUN
easat-9970	213	26	on	on	ADP
easat-9970	213	27	volatility	volatility	NOUN
easat-9970	213	28	.	.	PUNCT
easat-9970	214	1	larger	large	ADJ
easat-9970	214	2	firms	firm	NOUN
easat-9970	214	3	may	may	AUX
easat-9970	214	4	benefit	benefit	VERB
easat-9970	214	5	from	from	ADP
easat-9970	214	6	diversified	diversified	ADJ
easat-9970	214	7	operations	operation	NOUN
easat-9970	214	8	and	and	CCONJ
easat-9970	214	9	more	more	ADV
easat-9970	214	10	robust	robust	ADJ
easat-9970	214	11	risk	risk	NOUN
easat-9970	214	12	management	management	NOUN
easat-9970	214	13	practices	practice	NOUN
easat-9970	214	14	,	,	PUNCT
easat-9970	214	15	which	which	PRON
easat-9970	214	16	can	can	AUX
easat-9970	214	17	dampen	dampen	VERB
easat-9970	214	18	volatility	volatility	NOUN
easat-9970	214	19	even	even	ADV
easat-9970	214	20	in	in	ADP
easat-9970	214	21	the	the	DET
easat-9970	214	22	face	face	NOUN
easat-9970	214	23	of	of	ADP
easat-9970	214	24	fluctuating	fluctuate	VERB
easat-9970	214	25	digital	digital	ADJ
easat-9970	214	26	asset	asset	NOUN
easat-9970	214	27	values	value	NOUN
easat-9970	214	28	.	.	PUNCT
easat-9970	215	1	leverage	leverage	NOUN
easat-9970	215	2	,	,	PUNCT
easat-9970	215	3	defined	define	VERB
easat-9970	215	4	as	as	ADP
easat-9970	215	5	the	the	DET
easat-9970	215	6	ratio	ratio	NOUN
easat-9970	215	7	of	of	ADP
easat-9970	215	8	total	total	ADJ
easat-9970	215	9	liabilities	liability	NOUN
easat-9970	215	10	to	to	PART
easat-9970	215	11	total	total	ADJ
easat-9970	215	12	assets	asset	NOUN
easat-9970	215	13	,	,	PUNCT
easat-9970	215	14	is	be	AUX
easat-9970	215	15	also	also	ADV
easat-9970	215	16	controlled	control	VERB
easat-9970	215	17	for	for	ADP
easat-9970	215	18	because	because	SCONJ
easat-9970	215	19	highly	highly	ADV
easat-9970	215	20	leveraged	leveraged	ADJ
easat-9970	215	21	firms	firm	NOUN
easat-9970	215	22	tend	tend	VERB
easat-9970	215	23	to	to	PART
easat-9970	215	24	experience	experience	VERB
easat-9970	215	25	amplified	amplify	VERB
easat-9970	215	26	risk	risk	NOUN
easat-9970	215	27	due	due	ADP
easat-9970	215	28	to	to	ADP
easat-9970	215	29	the	the	DET
easat-9970	215	30	fixed	fix	VERB
easat-9970	215	31	cost	cost	NOUN
easat-9970	215	32	of	of	ADP
easat-9970	215	33	debt	debt	NOUN
easat-9970	215	34	servicing	servicing	NOUN
easat-9970	215	35	.	.	PUNCT
easat-9970	216	1	market	market	NOUN
easat-9970	216	2	volatility	volatility	NOUN
easat-9970	216	3	,	,	PUNCT
easat-9970	216	4	proxied	proxie	VERB
easat-9970	216	5	by	by	ADP
easat-9970	216	6	the	the	DET
easat-9970	216	7	chicago	chicago	PROPN
easat-9970	216	8	board	board	PROPN
easat-9970	216	9	options	option	NOUN
easat-9970	216	10	exchange	exchange	PROPN
easat-9970	216	11	’s	’s	PART
easat-9970	216	12	volatility	volatility	NOUN
easat-9970	216	13	index	index	NOUN
easat-9970	216	14	(	(	PUNCT
easat-9970	216	15	vix	vix	PROPN
easat-9970	216	16	)	)	PUNCT
easat-9970	216	17	,	,	PUNCT
easat-9970	216	18	is	be	AUX
easat-9970	216	19	integrated	integrate	VERB
easat-9970	216	20	into	into	ADP
easat-9970	216	21	the	the	DET
easat-9970	216	22	model	model	NOUN
easat-9970	216	23	to	to	PART
easat-9970	216	24	account	account	VERB
easat-9970	216	25	for	for	ADP
easat-9970	216	26	the	the	DET
easat-9970	216	27	broader	broad	ADJ
easat-9970	216	28	economic	economic	ADJ
easat-9970	216	29	uncertainty	uncertainty	NOUN
easat-9970	216	30	that	that	PRON
easat-9970	216	31	can	can	AUX
easat-9970	216	32	impact	impact	VERB
easat-9970	216	33	individual	individual	ADJ
easat-9970	216	34	firm	firm	ADJ
easat-9970	216	35	performance	performance	NOUN
easat-9970	216	36	.	.	PUNCT
easat-9970	217	1	finally	finally	ADV
easat-9970	217	2	,	,	PUNCT
easat-9970	217	3	the	the	DET
easat-9970	217	4	annual	annual	ADJ
easat-9970	217	5	inflation	inflation	NOUN
easat-9970	217	6	rate	rate	NOUN
easat-9970	217	7	is	be	AUX
easat-9970	217	8	used	use	VERB
easat-9970	217	9	as	as	ADP
easat-9970	217	10	a	a	DET
easat-9970	217	11	control	control	NOUN
easat-9970	217	12	variable	variable	NOUN
easat-9970	217	13	to	to	PART
easat-9970	217	14	capture	capture	VERB
easat-9970	217	15	macroeconomic	macroeconomic	ADJ
easat-9970	217	16	influences	influence	NOUN
easat-9970	217	17	that	that	PRON
easat-9970	217	18	may	may	AUX
easat-9970	217	19	affect	affect	VERB
easat-9970	217	20	both	both	PRON
easat-9970	217	21	the	the	DET
easat-9970	217	22	cost	cost	NOUN
easat-9970	217	23	of	of	ADP
easat-9970	217	24	capital	capital	NOUN
easat-9970	217	25	and	and	CCONJ
easat-9970	217	26	investment	investment	NOUN
easat-9970	217	27	decisions	decision	NOUN
easat-9970	217	28	,	,	PUNCT
easat-9970	217	29	thereby	thereby	ADV
easat-9970	217	30	indirectly	indirectly	ADV
easat-9970	217	31	influencing	influence	VERB
easat-9970	217	32	corporate	corporate	ADJ
easat-9970	217	33	volatility	volatility	NOUN
easat-9970	217	34	.	.	PUNCT
easat-9970	218	1	this	this	DET
easat-9970	218	2	study	study	NOUN
easat-9970	218	3	employs	employ	VERB
easat-9970	218	4	historical	historical	ADJ
easat-9970	218	5	data	datum	NOUN
easat-9970	218	6	on	on	ADP
easat-9970	218	7	the	the	DET
easat-9970	218	8	vix	vix	PROPN
easat-9970	218	9	and	and	CCONJ
easat-9970	218	10	inflation	inflation	NOUN
easat-9970	218	11	rate	rate	NOUN
easat-9970	218	12	for	for	ADP
easat-9970	218	13	the	the	DET
easat-9970	218	14	period	period	NOUN
easat-9970	218	15	spanning	span	VERB
easat-9970	218	16	january	january	PROPN
easat-9970	218	17	2018	2018	NUM
easat-9970	218	18	to	to	ADP
easat-9970	218	19	december	december	PROPN
easat-9970	218	20	2023	2023	NUM
easat-9970	218	21	.	.	PUNCT
easat-9970	219	1	vix	vix	PROPN
easat-9970	219	2	data	datum	NOUN
easat-9970	219	3	are	be	AUX
easat-9970	219	4	directly	directly	ADV
easat-9970	219	5	obtained	obtain	VERB
easat-9970	219	6	from	from	ADP
easat-9970	219	7	the	the	DET
easat-9970	219	8	chicago	chicago	PROPN
easat-9970	219	9	board	board	NOUN
easat-9970	219	10	options	option	NOUN
easat-9970	219	11	exchange	exchange	NOUN
easat-9970	219	12	,	,	PUNCT
easat-9970	219	13	while	while	SCONJ
easat-9970	219	14	inflation	inflation	NOUN
easat-9970	219	15	figures	figure	NOUN
easat-9970	219	16	are	be	AUX
easat-9970	219	17	sourced	source	VERB
easat-9970	219	18	from	from	ADP
easat-9970	219	19	the	the	DET
easat-9970	219	20	bureau	bureau	NOUN
easat-9970	219	21	of	of	ADP
easat-9970	219	22	labor	labor	PROPN
easat-9970	219	23	statistics	statistic	NOUN
easat-9970	219	24	.	.	PUNCT
easat-9970	220	1	4	4	X
easat-9970	220	2	.	.	X
easat-9970	220	3	empirical	empirical	ADJ
easat-9970	220	4	results	result	NOUN
easat-9970	220	5	4.1	4.1	NUM
easat-9970	220	6	.	.	PUNCT
easat-9970	221	1	descriptive	descriptive	ADJ
easat-9970	221	2	statistics	statistic	NOUN
easat-9970	221	3	and	and	CCONJ
easat-9970	221	4	correlations	correlation	VERB
easat-9970	221	5	descriptive	descriptive	ADJ
easat-9970	221	6	statistics	statistic	NOUN
easat-9970	221	7	for	for	ADP
easat-9970	221	8	the	the	DET
easat-9970	221	9	primary	primary	ADJ
easat-9970	221	10	variables	variable	NOUN
easat-9970	221	11	are	be	AUX
easat-9970	221	12	provided	provide	VERB
easat-9970	221	13	in	in	ADP
easat-9970	221	14	table	table	NOUN
easat-9970	221	15	2	2	NUM
easat-9970	221	16	.	.	PUNCT
easat-9970	222	1	the	the	DET
easat-9970	222	2	dependent	dependent	ADJ
easat-9970	222	3	variable	variable	NOUN
easat-9970	222	4	,	,	PUNCT
easat-9970	222	5	volatility	volatility	NOUN
easat-9970	222	6	,	,	PUNCT
easat-9970	222	7	exhibits	exhibit	VERB
easat-9970	222	8	a	a	DET
easat-9970	222	9	mean	mean	ADJ
easat-9970	222	10	(	(	PUNCT
easat-9970	222	11	median	median	NOUN
easat-9970	222	12	)	)	PUNCT
easat-9970	222	13	of	of	ADP
easat-9970	222	14	0.0647	0.0647	NUM
easat-9970	222	15	(	(	PUNCT
easat-9970	222	16	0.0627	0.0627	NUM
easat-9970	222	17	)	)	PUNCT
easat-9970	222	18	.	.	PUNCT
easat-9970	223	1	the	the	DET
easat-9970	223	2	crypto	crypto	NOUN
easat-9970	223	3	ratio	ratio	NOUN
easat-9970	223	4	,	,	PUNCT
easat-9970	223	5	cryptor	cryptor	NOUN
easat-9970	223	6	,	,	PUNCT
easat-9970	223	7	and	and	CCONJ
easat-9970	223	8	its	its	PRON
easat-9970	223	9	related	related	ADJ
easat-9970	223	10	interaction	interaction	NOUN
easat-9970	223	11	terms	term	NOUN
easat-9970	223	12	,	,	PUNCT
easat-9970	223	13	cryptorfc1	cryptorfc1	NOUN
easat-9970	223	14	,	,	PUNCT
easat-9970	223	15	cryptorfc2	cryptorfc2	PROPN
easat-9970	223	16	,	,	PUNCT
easat-9970	223	17	and	and	CCONJ
easat-9970	223	18	cryptorlliquid	cryptorlliquid	ADJ
easat-9970	223	19	,	,	PUNCT
easat-9970	223	20	have	have	AUX
easat-9970	223	21	mean	mean	VERB
easat-9970	223	22	(	(	PUNCT
easat-9970	223	23	median	median	ADJ
easat-9970	223	24	)	)	PUNCT
easat-9970	223	25	values	value	NOUN
easat-9970	223	26	of	of	ADP
easat-9970	223	27	0.0397	0.0397	NUM
easat-9970	223	28	(	(	PUNCT
easat-9970	223	29	0	0	NUM
easat-9970	223	30	)	)	PUNCT
easat-9970	223	31	,	,	PUNCT
easat-9970	223	32	0.0931	0.0931	NUM
easat-9970	223	33	(	(	PUNCT
easat-9970	223	34	0	0	NUM
easat-9970	223	35	)	)	PUNCT
easat-9970	223	36	,	,	PUNCT
easat-9970	223	37	-2.3115	-2.3115	X
easat-9970	223	38	(	(	PUNCT
easat-9970	223	39	0	0	NUM
easat-9970	223	40	)	)	PUNCT
easat-9970	223	41	,	,	PUNCT
easat-9970	223	42	and	and	CCONJ
easat-9970	223	43	0.0297	0.0297	NUM
easat-9970	223	44	(	(	PUNCT
easat-9970	223	45	0	0	NUM
easat-9970	223	46	)	)	PUNCT
easat-9970	223	47	,	,	PUNCT
easat-9970	223	48	respectively	respectively	ADV
easat-9970	223	49	.	.	PUNCT
easat-9970	224	1	for	for	ADP
easat-9970	224	2	the	the	DET
easat-9970	224	3	control	control	NOUN
easat-9970	224	4	variables	variable	NOUN
easat-9970	224	5	,	,	PUNCT
easat-9970	224	6	the	the	DET
easat-9970	224	7	mean	mean	ADJ
easat-9970	224	8	(	(	PUNCT
easat-9970	224	9	median	median	ADJ
easat-9970	224	10	)	)	PUNCT
easat-9970	224	11	values	value	NOUN
easat-9970	224	12	for	for	ADP
easat-9970	224	13	firm	firm	ADJ
easat-9970	224	14	size	size	NOUN
easat-9970	224	15	(	(	PUNCT
easat-9970	224	16	size	size	NOUN
easat-9970	224	17	)	)	PUNCT
easat-9970	224	18	,	,	PUNCT
easat-9970	224	19	leverage	leverage	NOUN
easat-9970	224	20	(	(	PUNCT
easat-9970	224	21	lev	lev	NOUN
easat-9970	224	22	)	)	PUNCT
easat-9970	224	23	,	,	PUNCT
easat-9970	224	24	vif	vif	PROPN
easat-9970	224	25	,	,	PUNCT
easat-9970	224	26	and	and	CCONJ
easat-9970	224	27	inflation	inflation	NOUN
easat-9970	224	28	are	be	AUX
easat-9970	224	29	21.4958	21.4958	NUM
easat-9970	224	30	(	(	PUNCT
easat-9970	224	31	21.9141	21.9141	NUM
easat-9970	224	32	)	)	PUNCT
easat-9970	224	33	,	,	PUNCT
easat-9970	224	34	20.8994	20.8994	NUM
easat-9970	224	35	(	(	PUNCT
easat-9970	224	36	17.3953	17.3953	NUM
easat-9970	224	37	)	)	PUNCT
easat-9970	224	38	,	,	PUNCT
easat-9970	224	39	20.5881	20.5881	NUM
easat-9970	224	40	(	(	PUNCT
easat-9970	224	41	18.2767	18.2767	NUM
easat-9970	224	42	)	)	PUNCT
easat-9970	224	43	,	,	PUNCT
easat-9970	224	44	and	and	CCONJ
easat-9970	224	45	2.8792	2.8792	NUM
easat-9970	224	46	(	(	PUNCT
easat-9970	224	47	2.6625	2.6625	NUM
easat-9970	224	48	)	)	PUNCT
easat-9970	224	49	,	,	PUNCT
easat-9970	224	50	respectively	respectively	ADV
easat-9970	224	51	.	.	PUNCT
easat-9970	224	52	table	table	NOUN
easat-9970	224	53	2	2	NUM
easat-9970	224	54	.	.	PUNCT
easat-9970	224	55	descriptive	descriptive	ADJ
easat-9970	224	56	statistics	statistic	NOUN
easat-9970	224	57	.	.	PUNCT
easat-9970	225	1	variables	variable	NOUN
easat-9970	225	2	mean	mean	VERB
easat-9970	225	3	std	std	X
easat-9970	225	4	.	.	PROPN
easat-9970	226	1	dev	dev	PROPN
easat-9970	226	2	.	.	PUNCT
easat-9970	227	1	median	median	PROPN
easat-9970	227	2	q1	q1	PROPN
easat-9970	227	3	q3	q3	PROPN
easat-9970	227	4	volatility	volatility	NOUN
easat-9970	227	5	0.0647	0.0647	NUM
easat-9970	227	6	0.0223	0.0223	NUM
easat-9970	227	7	0.0627	0.0627	NUM
easat-9970	227	8	0.0496	0.0496	NUM
easat-9970	227	9	0.0788	0.0788	NUM
easat-9970	227	10	cryptor	cryptor	NOUN
easat-9970	227	11	0.0397	0.0397	NUM
easat-9970	227	12	0.1429	0.1429	NUM
easat-9970	227	13	0.0000	0.0000	NUM
easat-9970	227	14	0	0	NUM
easat-9970	227	15	0	0	NUM
easat-9970	227	16	cryptorfc1	cryptorfc1	NOUN
easat-9970	227	17	0.0931	0.0931	NUM
easat-9970	227	18	0.3433	0.3433	NUM
easat-9970	227	19	0.0000	0.0000	NUM
easat-9970	227	20	0	0	NUM
easat-9970	227	21	0.0001	0.0001	NUM
easat-9970	227	22	cryptorfc2	cryptorfc2	ADJ
easat-9970	227	23	-2.3115	-2.3115	X
easat-9970	227	24	17.2003	17.2003	NUM
easat-9970	227	25	0.0000	0.0000	NUM
easat-9970	227	26	0	0	NUM
easat-9970	227	27	0	0	NUM
easat-9970	227	28	cryptorlliquid	cryptorlliquid	PROPN
easat-9970	227	29	0.0297	0.0297	NUM
easat-9970	227	30	0.1289	0.1289	NUM
easat-9970	228	1	0.0000	0.0000	NUM
easat-9970	228	2	0	0	NUM
easat-9970	228	3	0	0	NUM
easat-9970	228	4	size	size	NOUN
easat-9970	228	5	21.4958	21.4958	NUM
easat-9970	228	6	2.1031	2.1031	NUM
easat-9970	228	7	21.9141	21.9141	NUM
easat-9970	228	8	20.6115	20.6115	NUM
easat-9970	228	9	22.8203	22.8203	NUM
easat-9970	228	10	lev	lev	NOUN
easat-9970	228	11	20.8994	20.8994	NUM
easat-9970	228	12	19.8173	19.8173	NUM
easat-9970	228	13	17.3953	17.3953	NUM
easat-9970	228	14	5.3675	5.3675	NUM
easat-9970	228	15	28.3437	28.3437	NUM
easat-9970	228	16	vix	vix	NOUN
easat-9970	228	17	20.5881	20.5881	NUM
easat-9970	228	18	5.1447	5.1447	NUM
easat-9970	228	19	18.2767	18.2767	NUM
easat-9970	228	20	16.6425	16.6425	NUM
easat-9970	228	21	25.6405	25.6405	NUM
easat-9970	228	22	inflation	inflation	NOUN
easat-9970	228	23	2.8792	2.8792	NUM
easat-9970	228	24	1.4884	1.4884	NUM
easat-9970	228	25	2.6625	2.6625	NUM
easat-9970	228	26	1.5	1.5	NUM
easat-9970	228	27	3.375	3.375	NUM
easat-9970	228	28	note	note	NOUN
easat-9970	228	29	:	:	PUNCT
easat-9970	228	30	volatility	volatility	NOUN
easat-9970	228	31	:	:	PUNCT
easat-9970	228	32	standard	standard	ADJ
easat-9970	228	33	deviation	deviation	NOUN
easat-9970	228	34	of	of	ADP
easat-9970	228	35	the	the	DET
easat-9970	228	36	logarithmic	logarithmic	ADJ
easat-9970	228	37	returns	return	NOUN
easat-9970	228	38	of	of	ADP
easat-9970	228	39	weekly	weekly	ADJ
easat-9970	228	40	stock	stock	NOUN
easat-9970	228	41	prices	price	NOUN
easat-9970	228	42	.	.	PUNCT
easat-9970	229	1	764	764	NUM
easat-9970	229	2	edelweiss	edelweiss	PROPN
easat-9970	229	3	applied	apply	VERB
easat-9970	229	4	science	science	NOUN
easat-9970	229	5	and	and	CCONJ
easat-9970	229	6	technology	technology	NOUN
easat-9970	229	7	issn	issn	PROPN
easat-9970	229	8	:	:	PUNCT
easat-9970	229	9	2576	2576	NUM
easat-9970	229	10	-	-	SYM
easat-9970	229	11	8484	8484	NUM
easat-9970	229	12	vol	vol	NOUN
easat-9970	229	13	.	.	PROPN
easat-9970	230	1	9	9	NUM
easat-9970	230	2	,	,	PUNCT
easat-9970	230	3	no	no	INTJ
easat-9970	230	4	.	.	NOUN
easat-9970	230	5	9	9	NUM
easat-9970	230	6	:	:	SYM
easat-9970	230	7	756	756	NUM
easat-9970	230	8	-	-	SYM
easat-9970	230	9	769	769	NUM
easat-9970	230	10	,	,	PUNCT
easat-9970	230	11	2025	2025	NUM
easat-9970	230	12	doi	doi	NOUN
easat-9970	230	13	:	:	PUNCT
easat-9970	230	14	10.55214/2576	10.55214/2576	NUM
easat-9970	230	15	-	-	NUM
easat-9970	230	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	231	1	©	©	PROPN
easat-9970	231	2	2025	2025	NUM
easat-9970	231	3	by	by	ADP
easat-9970	231	4	the	the	DET
easat-9970	231	5	authors	author	NOUN
easat-9970	231	6	;	;	PUNCT
easat-9970	231	7	licensee	licensee	PROPN
easat-9970	231	8	learning	learn	VERB
easat-9970	231	9	gate	gate	NOUN
easat-9970	231	10	cryptor	cryptor	NOUN
easat-9970	231	11	:	:	PUNCT
easat-9970	231	12	digital	digital	ADJ
easat-9970	231	13	assets	asset	NOUN
easat-9970	231	14	to	to	PART
easat-9970	231	15	balance	balance	VERB
easat-9970	231	16	sheet	sheet	NOUN
easat-9970	231	17	ratio	ratio	NOUN
easat-9970	231	18	.	.	PUNCT
easat-9970	232	1	cryptorfc1	cryptorfc1	NOUN
easat-9970	232	2	:	:	PUNCT
easat-9970	232	3	interaction	interaction	NOUN
easat-9970	232	4	term	term	NOUN
easat-9970	232	5	between	between	ADP
easat-9970	232	6	crypto	crypto	NOUN
easat-9970	232	7	and	and	CCONJ
easat-9970	232	8	external	external	ADJ
easat-9970	232	9	financial	financial	ADJ
easat-9970	232	10	condition	condition	NOUN
easat-9970	232	11	.	.	PUNCT
easat-9970	233	1	external	external	ADJ
easat-9970	233	2	financial	financial	ADJ
easat-9970	233	3	condition	condition	NOUN
easat-9970	233	4	is	be	AUX
easat-9970	233	5	determined	determine	VERB
easat-9970	233	6	using	use	VERB
easat-9970	233	7	the	the	DET
easat-9970	233	8	beta	beta	NOUN
easat-9970	233	9	;	;	PUNCT
easat-9970	233	10	beta	beta	NOUN
easat-9970	233	11	calculated	calculate	VERB
easat-9970	233	12	as	as	ADP
easat-9970	233	13	the	the	DET
easat-9970	233	14	covariance	covariance	NOUN
easat-9970	233	15	of	of	ADP
easat-9970	233	16	the	the	DET
easat-9970	233	17	firm	firm	NOUN
easat-9970	233	18	's	's	PART
easat-9970	233	19	returns	return	NOUN
easat-9970	233	20	with	with	ADP
easat-9970	233	21	market	market	NOUN
easat-9970	233	22	returns	return	NOUN
easat-9970	233	23	divided	divide	VERB
easat-9970	233	24	by	by	ADP
easat-9970	233	25	the	the	DET
easat-9970	233	26	variance	variance	NOUN
easat-9970	233	27	of	of	ADP
easat-9970	233	28	market	market	NOUN
easat-9970	233	29	returns	return	NOUN
easat-9970	233	30	.	.	PUNCT
easat-9970	234	1	cryptorfc2	cryptorfc2	ADJ
easat-9970	234	2	:	:	PUNCT
easat-9970	234	3	interaction	interaction	NOUN
easat-9970	234	4	term	term	NOUN
easat-9970	234	5	between	between	ADP
easat-9970	234	6	crypto	crypto	NOUN
easat-9970	234	7	and	and	CCONJ
easat-9970	234	8	internal	internal	ADJ
easat-9970	234	9	financial	financial	ADJ
easat-9970	234	10	condition	condition	NOUN
easat-9970	234	11	.	.	PUNCT
easat-9970	235	1	internal	internal	ADJ
easat-9970	235	2	financial	financial	ADJ
easat-9970	235	3	condition	condition	NOUN
easat-9970	235	4	is	be	AUX
easat-9970	235	5	determined	determine	VERB
easat-9970	235	6	using	use	VERB
easat-9970	235	7	the	the	DET
easat-9970	235	8	roa	roa	NOUN
easat-9970	235	9	;	;	PUNCT
easat-9970	235	10	roa	roa	PROPN
easat-9970	235	11	defined	define	VERB
easat-9970	235	12	as	as	ADP
easat-9970	235	13	net	net	ADJ
easat-9970	235	14	income	income	NOUN
easat-9970	235	15	divided	divide	VERB
easat-9970	235	16	by	by	ADP
easat-9970	235	17	total	total	ADJ
easat-9970	235	18	assets	asset	NOUN
easat-9970	235	19	.	.	PUNCT
easat-9970	236	1	cryptorlliquid	cryptorlliquid	ADJ
easat-9970	236	2	:	:	PUNCT
easat-9970	236	3	interaction	interaction	NOUN
easat-9970	236	4	term	term	NOUN
easat-9970	236	5	between	between	ADP
easat-9970	236	6	crypto	crypto	NOUN
easat-9970	236	7	and	and	CCONJ
easat-9970	236	8	liquidity	liquidity	NOUN
easat-9970	236	9	crisis	crisis	NOUN
easat-9970	236	10	.	.	PUNCT
easat-9970	237	1	liquidity	liquidity	NOUN
easat-9970	237	2	crisis	crisis	NOUN
easat-9970	237	3	is	be	AUX
easat-9970	237	4	coded	code	VERB
easat-9970	237	5	as	as	ADP
easat-9970	237	6	1	1	NUM
easat-9970	237	7	if	if	SCONJ
easat-9970	237	8	cash	cash	NOUN
easat-9970	237	9	(	(	PUNCT
easat-9970	237	10	calculated	calculate	VERB
easat-9970	237	11	as	as	ADP
easat-9970	237	12	current	current	ADJ
easat-9970	237	13	assets	asset	NOUN
easat-9970	237	14	divided	divide	VERB
easat-9970	237	15	by	by	ADP
easat-9970	237	16	current	current	ADJ
easat-9970	237	17	liabilities	liability	NOUN
easat-9970	237	18	)	)	PUNCT
easat-9970	237	19	is	be	AUX
easat-9970	237	20	less	less	ADJ
easat-9970	237	21	than	than	ADP
easat-9970	237	22	the	the	DET
easat-9970	237	23	median	median	NOUN
easat-9970	237	24	;	;	PUNCT
easat-9970	237	25	if	if	SCONJ
easat-9970	237	26	not	not	PART
easat-9970	237	27	,	,	PUNCT
easat-9970	237	28	it	it	PRON
easat-9970	237	29	is	be	AUX
easat-9970	237	30	coded	code	VERB
easat-9970	237	31	as	as	ADP
easat-9970	237	32	0	0	NUM
easat-9970	237	33	.	.	NOUN
easat-9970	237	34	size	size	NOUN
easat-9970	237	35	:	:	PUNCT
easat-9970	237	36	natural	natural	ADJ
easat-9970	237	37	logarithm	logarithm	NOUN
easat-9970	237	38	of	of	ADP
easat-9970	237	39	total	total	ADJ
easat-9970	237	40	assets	asset	NOUN
easat-9970	237	41	.	.	PUNCT
easat-9970	238	1	lev	lev	NOUN
easat-9970	238	2	:	:	PUNCT
easat-9970	238	3	total	total	ADJ
easat-9970	238	4	liabilities	liability	NOUN
easat-9970	238	5	divided	divide	VERB
easat-9970	238	6	by	by	ADP
easat-9970	238	7	total	total	ADJ
easat-9970	238	8	assets	asset	NOUN
easat-9970	238	9	.	.	PUNCT
easat-9970	239	1	vix	vix	PROPN
easat-9970	239	2	:	:	PUNCT
easat-9970	240	1	chicago	chicago	PROPN
easat-9970	240	2	board	board	PROPN
easat-9970	240	3	options	option	NOUN
easat-9970	240	4	exchange	exchange	PROPN
easat-9970	240	5	(	(	PUNCT
easat-9970	240	6	cboe	cboe	PROPN
easat-9970	240	7	)	)	PUNCT
easat-9970	240	8	’s	’s	PART
easat-9970	240	9	volatility	volatility	NOUN
easat-9970	240	10	index	index	NOUN
easat-9970	240	11	.	.	PUNCT
easat-9970	241	1	inflation	inflation	NOUN
easat-9970	241	2	:	:	PUNCT
easat-9970	241	3	consumer	consumer	NOUN
easat-9970	241	4	price	price	NOUN
easat-9970	241	5	index	index	NOUN
easat-9970	241	6	(	(	PUNCT
easat-9970	241	7	cpi	cpi	NOUN
easat-9970	241	8	)	)	PUNCT
easat-9970	241	9	growth	growth	NOUN
easat-9970	241	10	rate	rate	NOUN
easat-9970	241	11	.	.	PUNCT
easat-9970	242	1	table	table	NOUN
easat-9970	242	2	3	3	NUM
easat-9970	242	3	presents	present	VERB
easat-9970	242	4	the	the	DET
easat-9970	242	5	pairwise	pairwise	NOUN
easat-9970	242	6	correlation	correlation	NOUN
easat-9970	242	7	matrix	matrix	NOUN
easat-9970	242	8	,	,	PUNCT
easat-9970	242	9	which	which	PRON
easat-9970	242	10	indicates	indicate	VERB
easat-9970	242	11	a	a	DET
easat-9970	242	12	robust	robust	ADJ
easat-9970	242	13	positive	positive	ADJ
easat-9970	242	14	relationship	relationship	NOUN
easat-9970	242	15	between	between	ADP
easat-9970	242	16	corporate	corporate	ADJ
easat-9970	242	17	volatility	volatility	NOUN
easat-9970	242	18	and	and	CCONJ
easat-9970	242	19	the	the	DET
easat-9970	242	20	variables	variable	NOUN
easat-9970	242	21	cryptor	cryptor	NOUN
easat-9970	242	22	,	,	PUNCT
easat-9970	242	23	cryptorfc1	cryptorfc1	NOUN
easat-9970	242	24	,	,	PUNCT
easat-9970	242	25	and	and	CCONJ
easat-9970	242	26	cryptorlliquid	cryptorlliquid	ADJ
easat-9970	242	27	.	.	PUNCT
easat-9970	243	1	conversely	conversely	ADV
easat-9970	243	2	,	,	PUNCT
easat-9970	243	3	the	the	DET
easat-9970	243	4	analysis	analysis	NOUN
easat-9970	243	5	reveals	reveal	VERB
easat-9970	243	6	a	a	DET
easat-9970	243	7	robust	robust	ADJ
easat-9970	243	8	negative	negative	ADJ
easat-9970	243	9	relationship	relationship	NOUN
easat-9970	243	10	between	between	ADP
easat-9970	243	11	volatility	volatility	NOUN
easat-9970	243	12	and	and	CCONJ
easat-9970	243	13	cryptorfc2	cryptorfc2	NOUN
easat-9970	243	14	.	.	PUNCT
easat-9970	244	1	this	this	PRON
easat-9970	244	2	indicates	indicate	VERB
easat-9970	244	3	the	the	DET
easat-9970	244	4	potential	potential	ADJ
easat-9970	244	5	testability	testability	NOUN
easat-9970	244	6	of	of	ADP
easat-9970	244	7	the	the	DET
easat-9970	244	8	hypothesis	hypothesis	NOUN
easat-9970	244	9	based	base	VERB
easat-9970	244	10	on	on	ADP
easat-9970	244	11	the	the	DET
easat-9970	244	12	identified	identify	VERB
easat-9970	244	13	link	link	NOUN
easat-9970	244	14	between	between	ADP
easat-9970	244	15	the	the	DET
easat-9970	244	16	dependent	dependent	ADJ
easat-9970	244	17	variable	variable	NOUN
easat-9970	244	18	and	and	CCONJ
easat-9970	244	19	the	the	DET
easat-9970	244	20	primary	primary	ADJ
easat-9970	244	21	explanatory	explanatory	ADJ
easat-9970	244	22	variables	variable	NOUN
easat-9970	244	23	.	.	PUNCT
easat-9970	245	1	the	the	DET
easat-9970	245	2	variance	variance	NOUN
easat-9970	245	3	inflation	inflation	NOUN
easat-9970	245	4	factors	factor	NOUN
easat-9970	245	5	(	(	PUNCT
easat-9970	245	6	vifs	vifs	PROPN
easat-9970	245	7	)	)	PUNCT
easat-9970	245	8	for	for	ADP
easat-9970	245	9	all	all	DET
easat-9970	245	10	explanatory	explanatory	ADJ
easat-9970	245	11	variables	variable	NOUN
easat-9970	245	12	are	be	AUX
easat-9970	245	13	well	well	ADV
easat-9970	245	14	below	below	ADP
easat-9970	245	15	the	the	DET
easat-9970	245	16	common	common	ADJ
easat-9970	245	17	benchmark	benchmark	NOUN
easat-9970	245	18	of	of	ADP
easat-9970	245	19	10	10	NUM
easat-9970	245	20	,	,	PUNCT
easat-9970	245	21	indicating	indicate	VERB
easat-9970	245	22	that	that	SCONJ
easat-9970	245	23	multicollinearity	multicollinearity	NOUN
easat-9970	245	24	does	do	AUX
easat-9970	245	25	not	not	PART
easat-9970	245	26	pose	pose	VERB
easat-9970	245	27	a	a	DET
easat-9970	245	28	problem	problem	NOUN
easat-9970	245	29	for	for	ADP
easat-9970	245	30	this	this	DET
easat-9970	245	31	analysis	analysis	NOUN
easat-9970	245	32	.	.	PUNCT
easat-9970	246	1	table	table	NOUN
easat-9970	246	2	3	3	NUM
easat-9970	246	3	.	.	PUNCT
easat-9970	246	4	correlations	correlation	NOUN
easat-9970	246	5	.	.	PUNCT
easat-9970	247	1	variables	variable	NOUN
easat-9970	247	2	volatility	volatility	NOUN
easat-9970	247	3	cryptor	cryptor	NOUN
easat-9970	247	4	cryptorfc	cryptorfc	PROPN
easat-9970	247	5	1	1	NUM
easat-9970	247	6	cryptorfc	cryptorfc	PROPN
easat-9970	247	7	2	2	NUM
easat-9970	247	8	cryptor	cryptor	NOUN
easat-9970	247	9	lliquid	lliquid	ADJ
easat-9970	247	10	size	size	NOUN
easat-9970	247	11	lev	lev	PROPN
easat-9970	247	12	vix	vix	PROPN
easat-9970	247	13	inflation	inflation	NOUN
easat-9970	247	14	volatility	volatility	NOUN
easat-9970	247	15	1.0000	1.0000	NUM
easat-9970	247	16	cryptor	cryptor	NOUN
easat-9970	247	17	0.1636	0.1636	NUM
easat-9970	247	18	*	*	PUNCT
easat-9970	247	19	*	*	PUNCT
easat-9970	247	20	*	*	NOUN
easat-9970	247	21	1.0000	1.0000	NUM
easat-9970	247	22	cryptorfc1	cryptorfc1	NOUN
easat-9970	247	23	0.2359	0.2359	NUM
easat-9970	247	24	*	*	PUNCT
easat-9970	247	25	*	*	PUNCT
easat-9970	247	26	*	*	PUNCT
easat-9970	247	27	0.9187	0.9187	NUM
easat-9970	247	28	*	*	PUNCT
easat-9970	247	29	*	*	PUNCT
easat-9970	247	30	*	*	X
easat-9970	247	31	1.0000	1.0000	NUM
easat-9970	247	32	cryptorfc2	cryptorfc2	NOUN
easat-9970	247	33	-0.0096	-0.0096	NOUN
easat-9970	247	34	-0.5362	-0.5362	PROPN
easat-9970	248	1	*	*	PUNCT
easat-9970	249	1	*	*	PUNCT
easat-9970	249	2	*	*	PUNCT
easat-9970	249	3	-0.4873	-0.4873	ADJ
easat-9970	249	4	*	*	PUNCT
easat-9970	249	5	*	*	PUNCT
easat-9970	249	6	*	*	PUNCT
easat-9970	249	7	1.0000	1.0000	NUM
easat-9970	249	8	cryptor	cryptor	NOUN
easat-9970	249	9	lliquid	lliquid	VERB
easat-9970	249	10	0.1473	0.1473	NUM
easat-9970	249	11	*	*	PUNCT
easat-9970	249	12	*	*	PUNCT
easat-9970	249	13	*	*	PUNCT
easat-9970	249	14	0.8856	0.8856	NUM
easat-9970	249	15	*	*	PUNCT
easat-9970	249	16	*	*	PUNCT
easat-9970	249	17	*	*	PUNCT
easat-9970	249	18	0.7810	0.7810	NUM
easat-9970	249	19	*	*	PUNCT
easat-9970	249	20	*	*	PUNCT
easat-9970	249	21	*	*	PUNCT
easat-9970	249	22	-0.5437	-0.5437	NOUN
easat-9970	249	23	*	*	PUNCT
easat-9970	249	24	*	*	PUNCT
easat-9970	249	25	*	*	PUNCT
easat-9970	249	26	1.0000	1.0000	NUM
easat-9970	249	27	size	size	NOUN
easat-9970	249	28	0.0348	0.0348	NUM
easat-9970	249	29	-0.2358	-0.2358	NOUN
easat-9970	249	30	*	*	PUNCT
easat-9970	249	31	*	*	PUNCT
easat-9970	249	32	*	*	PUNCT
easat-9970	249	33	-0.2186	-0.2186	ADJ
easat-9970	249	34	*	*	PUNCT
easat-9970	249	35	*	*	PUNCT
easat-9970	249	36	*	*	PUNCT
easat-9970	250	1	0.3346	0.3346	NUM
easat-9970	250	2	*	*	PUNCT
easat-9970	250	3	*	*	PUNCT
easat-9970	250	4	*	*	PUNCT
easat-9970	250	5	-0.1461	-0.1461	PRON
easat-9970	250	6	*	*	PUNCT
easat-9970	250	7	*	*	PUNCT
easat-9970	250	8	*	*	PUNCT
easat-9970	250	9	1.000	1.000	NUM
easat-9970	250	10	0	0	NUM
easat-9970	250	11	lev	lev	NOUN
easat-9970	250	12	0.0910	0.0910	NUM
easat-9970	250	13	*	*	NOUN
easat-9970	250	14	0.1480	0.1480	NUM
easat-9970	250	15	*	*	PUNCT
easat-9970	250	16	*	*	PUNCT
easat-9970	250	17	*	*	PUNCT
easat-9970	250	18	0.1026	0.1026	PUNCT
easat-9970	250	19	*	*	PUNCT
easat-9970	250	20	*	*	NOUN
easat-9970	250	21	-0.1528	-0.1528	X
easat-9970	250	22	*	*	PUNCT
easat-9970	250	23	*	*	PUNCT
easat-9970	250	24	*	*	PUNCT
easat-9970	250	25	0.1544	0.1544	NUM
easat-9970	250	26	*	*	PUNCT
easat-9970	250	27	*	*	PUNCT
easat-9970	250	28	*	*	PUNCT
easat-9970	250	29	0.055	0.055	NUM
easat-9970	250	30	8	8	NUM
easat-9970	250	31	1.0000	1.0000	NUM
easat-9970	250	32	vix	vix	NOUN
easat-9970	250	33	0.3121	0.3121	NUM
easat-9970	250	34	*	*	PUNCT
easat-9970	250	35	*	*	PUNCT
easat-9970	250	36	*	*	PUNCT
easat-9970	250	37	-0.0040	-0.0040	PROPN
easat-9970	250	38	0.0122	0.0122	NUM
easat-9970	250	39	-0.0221	-0.0221	NOUN
easat-9970	250	40	-0.0104	-0.0104	PROPN
easat-9970	250	41	0.080	0.080	NUM
easat-9970	250	42	1	1	NUM
easat-9970	250	43	-0.0231	-0.0231	NOUN
easat-9970	250	44	1.0000	1.0000	NUM
easat-9970	250	45	inflation	inflation	NOUN
easat-9970	250	46	-0.0815	-0.0815	NOUN
easat-9970	250	47	0.0190	0.0190	NUM
easat-9970	250	48	0.0235	0.0235	NUM
easat-9970	250	49	-0.0038	-0.0038	NOUN
easat-9970	250	50	0.0203	0.0203	NUM
easat-9970	250	51	0.062	0.062	NUM
easat-9970	250	52	8	8	NUM
easat-9970	250	53	-0.0083	-0.0083	NOUN
easat-9970	250	54	-0.5027	-0.5027	NOUN
easat-9970	250	55	*	*	PUNCT
easat-9970	251	1	*	*	PUNCT
easat-9970	251	2	*	*	X
easat-9970	251	3	1.0000	1.0000	NUM
easat-9970	251	4	note	note	NOUN
easat-9970	251	5	:	:	PUNCT
easat-9970	251	6	see	see	VERB
easat-9970	251	7	table	table	NOUN
easat-9970	251	8	2	2	NUM
easat-9970	251	9	for	for	ADP
easat-9970	251	10	other	other	ADJ
easat-9970	251	11	variable	variable	ADJ
easat-9970	251	12	definitions	definition	NOUN
easat-9970	251	13	.	.	PUNCT
easat-9970	252	1	*	*	PUNCT
easat-9970	252	2	p	p	X
easat-9970	252	3	<	<	X
easat-9970	252	4	0.10	0.10	NUM
easat-9970	252	5	,	,	PUNCT
easat-9970	252	6	*	*	PUNCT
easat-9970	252	7	*	*	PUNCT
easat-9970	252	8	p	p	X
easat-9970	252	9	<	<	X
easat-9970	252	10	0.05	0.05	NUM
easat-9970	252	11	,	,	PUNCT
easat-9970	252	12	*	*	PUNCT
easat-9970	252	13	*	*	PUNCT
easat-9970	252	14	*	*	PUNCT
easat-9970	252	15	p	p	X
easat-9970	252	16	<	<	X
easat-9970	252	17	0.01	0.01	NUM
easat-9970	252	18	.	.	PUNCT
easat-9970	253	1	4.2	4.2	NUM
easat-9970	253	2	.	.	PUNCT
easat-9970	254	1	regression	regression	NOUN
easat-9970	254	2	results	result	NOUN
easat-9970	254	3	and	and	CCONJ
easat-9970	254	4	discussion	discussion	NOUN
easat-9970	254	5	table	table	NOUN
easat-9970	254	6	4	4	NUM
easat-9970	254	7	presents	present	VERB
easat-9970	254	8	the	the	DET
easat-9970	254	9	results	result	NOUN
easat-9970	254	10	from	from	ADP
easat-9970	254	11	the	the	DET
easat-9970	254	12	fixed	fix	VERB
easat-9970	254	13	-	-	PUNCT
easat-9970	254	14	effect	effect	NOUN
easat-9970	254	15	regression	regression	NOUN
easat-9970	254	16	analysis	analysis	NOUN
easat-9970	254	17	,	,	PUNCT
easat-9970	254	18	with	with	ADP
easat-9970	254	19	standardized	standardized	ADJ
easat-9970	254	20	beta	beta	ADJ
easat-9970	254	21	coefficients	coefficient	NOUN
easat-9970	254	22	reported	report	VERB
easat-9970	254	23	to	to	PART
easat-9970	254	24	allow	allow	VERB
easat-9970	254	25	for	for	ADP
easat-9970	254	26	direct	direct	ADJ
easat-9970	254	27	comparison	comparison	NOUN
easat-9970	254	28	.	.	PUNCT
easat-9970	255	1	the	the	DET
easat-9970	255	2	findings	finding	NOUN
easat-9970	255	3	from	from	ADP
easat-9970	255	4	model	model	NOUN
easat-9970	255	5	1	1	NUM
easat-9970	255	6	support	support	NOUN
easat-9970	255	7	hypothesis	hypothesis	NOUN
easat-9970	255	8	1	1	NUM
easat-9970	255	9	,	,	PUNCT
easat-9970	255	10	revealing	reveal	VERB
easat-9970	255	11	a	a	DET
easat-9970	255	12	statistically	statistically	ADV
easat-9970	255	13	significant	significant	ADJ
easat-9970	255	14	positive	positive	ADJ
easat-9970	255	15	relationship	relationship	NOUN
easat-9970	255	16	between	between	ADP
easat-9970	255	17	the	the	DET
easat-9970	255	18	cryptocurrency	cryptocurrency	NOUN
easat-9970	255	19	ownership	ownership	NOUN
easat-9970	255	20	ratio	ratio	NOUN
easat-9970	255	21	(	(	PUNCT
easat-9970	255	22	cryptor	cryptor	NOUN
easat-9970	255	23	)	)	PUNCT
easat-9970	255	24	and	and	CCONJ
easat-9970	255	25	corporate	corporate	ADJ
easat-9970	255	26	volatility	volatility	NOUN
easat-9970	255	27	.	.	PUNCT
easat-9970	256	1	regarding	regard	VERB
easat-9970	256	2	the	the	DET
easat-9970	256	3	moderating	moderate	VERB
easat-9970	256	4	effects	effect	NOUN
easat-9970	256	5	,	,	PUNCT
easat-9970	256	6	the	the	DET
easat-9970	256	7	interaction	interaction	NOUN
easat-9970	256	8	between	between	ADP
easat-9970	256	9	crypto	crypto	NOUN
easat-9970	256	10	holdings	holding	NOUN
easat-9970	256	11	and	and	CCONJ
easat-9970	256	12	external	external	ADJ
easat-9970	256	13	financial	financial	ADJ
easat-9970	256	14	distress	distress	NOUN
easat-9970	256	15	(	(	PUNCT
easat-9970	256	16	proxied	proxie	VERB
easat-9970	256	17	by	by	ADP
easat-9970	256	18	company	company	NOUN
easat-9970	256	19	beta	beta	NOUN
easat-9970	256	20	)	)	PUNCT
easat-9970	256	21	is	be	AUX
easat-9970	256	22	negative	negative	ADJ
easat-9970	256	23	but	but	CCONJ
easat-9970	256	24	not	not	PART
easat-9970	256	25	statistically	statistically	ADV
easat-9970	256	26	significant	significant	ADJ
easat-9970	256	27	.	.	PUNCT
easat-9970	257	1	in	in	ADP
easat-9970	257	2	contrast	contrast	NOUN
easat-9970	257	3	,	,	PUNCT
easat-9970	257	4	the	the	DET
easat-9970	257	5	interaction	interaction	NOUN
easat-9970	257	6	with	with	ADP
easat-9970	257	7	internal	internal	ADJ
easat-9970	257	8	financial	financial	ADJ
easat-9970	257	9	condition	condition	NOUN
easat-9970	257	10	(	(	PUNCT
easat-9970	257	11	proxied	proxie	VERB
easat-9970	257	12	by	by	ADP
easat-9970	257	13	roa	roa	PROPN
easat-9970	257	14	)	)	PUNCT
easat-9970	257	15	is	be	AUX
easat-9970	257	16	significant	significant	ADJ
easat-9970	257	17	,	,	PUNCT
easat-9970	257	18	indicating	indicate	VERB
easat-9970	257	19	that	that	SCONJ
easat-9970	257	20	for	for	ADP
easat-9970	257	21	firms	firm	NOUN
easat-9970	257	22	with	with	ADP
easat-9970	257	23	stronger	strong	ADJ
easat-9970	257	24	internal	internal	ADJ
easat-9970	257	25	financial	financial	ADJ
easat-9970	257	26	health	health	NOUN
easat-9970	257	27	,	,	PUNCT
easat-9970	257	28	cryptocurrency	cryptocurrency	NOUN
easat-9970	257	29	holdings	holding	NOUN
easat-9970	257	30	have	have	VERB
easat-9970	257	31	a	a	DET
easat-9970	257	32	more	more	ADV
easat-9970	257	33	pronounced	pronounced	ADJ
easat-9970	257	34	negative	negative	ADJ
easat-9970	257	35	,	,	PUNCT
easat-9970	257	36	or	or	CCONJ
easat-9970	257	37	mitigating	mitigating	NOUN
easat-9970	257	38	,	,	PUNCT
easat-9970	257	39	effect	effect	NOUN
easat-9970	257	40	on	on	ADP
easat-9970	257	41	corporate	corporate	ADJ
easat-9970	257	42	volatility	volatility	NOUN
easat-9970	257	43	.	.	PUNCT
easat-9970	258	1	this	this	PRON
easat-9970	258	2	suggests	suggest	VERB
easat-9970	258	3	that	that	SCONJ
easat-9970	258	4	robust	robust	ADJ
easat-9970	258	5	internal	internal	ADJ
easat-9970	258	6	finances	finance	NOUN
easat-9970	258	7	can	can	AUX
easat-9970	258	8	serve	serve	VERB
easat-9970	258	9	as	as	ADP
easat-9970	258	10	a	a	DET
easat-9970	258	11	buffer	buffer	NOUN
easat-9970	258	12	against	against	ADP
easat-9970	258	13	volatility	volatility	NOUN
easat-9970	258	14	stemming	stem	VERB
easat-9970	258	15	from	from	ADP
easat-9970	258	16	external	external	ADJ
easat-9970	258	17	pressures	pressure	NOUN
easat-9970	258	18	.	.	PUNCT
easat-9970	259	1	finally	finally	ADV
easat-9970	259	2	,	,	PUNCT
easat-9970	259	3	all	all	DET
easat-9970	259	4	control	control	NOUN
easat-9970	259	5	variables	variable	NOUN
easat-9970	259	6	—	—	PUNCT
easat-9970	259	7	size	size	NOUN
easat-9970	259	8	,	,	PUNCT
easat-9970	259	9	lev	lev	NOUN
easat-9970	259	10	,	,	PUNCT
easat-9970	259	11	vif	vif	NOUN
easat-9970	259	12	,	,	PUNCT
easat-9970	259	13	and	and	CCONJ
easat-9970	259	14	inflation	inflation	NOUN
easat-9970	259	15	—	—	PUNCT
easat-9970	259	16	are	be	AUX
easat-9970	259	17	found	find	VERB
easat-9970	259	18	to	to	PART
easat-9970	259	19	have	have	VERB
easat-9970	259	20	a	a	DET
easat-9970	259	21	significant	significant	ADJ
easat-9970	259	22	positive	positive	ADJ
easat-9970	259	23	association	association	NOUN
easat-9970	259	24	with	with	ADP
easat-9970	259	25	corporate	corporate	ADJ
easat-9970	259	26	volatility	volatility	NOUN
easat-9970	259	27	.	.	PUNCT
easat-9970	260	1	765	765	NUM
easat-9970	260	2	edelweiss	edelweiss	PROPN
easat-9970	260	3	applied	apply	VERB
easat-9970	260	4	science	science	NOUN
easat-9970	260	5	and	and	CCONJ
easat-9970	260	6	technology	technology	NOUN
easat-9970	260	7	issn	issn	PROPN
easat-9970	260	8	:	:	PUNCT
easat-9970	260	9	2576	2576	NUM
easat-9970	260	10	-	-	SYM
easat-9970	260	11	8484	8484	NUM
easat-9970	260	12	vol	vol	NOUN
easat-9970	260	13	.	.	PROPN
easat-9970	261	1	9	9	NUM
easat-9970	261	2	,	,	PUNCT
easat-9970	261	3	no	no	INTJ
easat-9970	261	4	.	.	NOUN
easat-9970	261	5	9	9	NUM
easat-9970	261	6	:	:	SYM
easat-9970	261	7	756	756	NUM
easat-9970	261	8	-	-	SYM
easat-9970	261	9	769	769	NUM
easat-9970	261	10	,	,	PUNCT
easat-9970	261	11	2025	2025	NUM
easat-9970	261	12	doi	doi	NOUN
easat-9970	261	13	:	:	PUNCT
easat-9970	261	14	10.55214/2576	10.55214/2576	NUM
easat-9970	261	15	-	-	NUM
easat-9970	261	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	262	1	©	©	PROPN
easat-9970	262	2	2025	2025	NUM
easat-9970	262	3	by	by	ADP
easat-9970	262	4	the	the	DET
easat-9970	262	5	authors	author	NOUN
easat-9970	262	6	;	;	PUNCT
easat-9970	262	7	licensee	licensee	PROPN
easat-9970	262	8	learning	learn	VERB
easat-9970	262	9	gate	gate	NOUN
easat-9970	262	10	table	table	NOUN
easat-9970	262	11	4	4	NUM
easat-9970	262	12	.	.	PUNCT
easat-9970	263	1	regression	regression	NOUN
easat-9970	263	2	results	result	NOUN
easat-9970	263	3	.	.	PUNCT
easat-9970	264	1	fixed	fix	VERB
easat-9970	264	2	effect	effect	NOUN
easat-9970	264	3	regression	regression	NOUN
easat-9970	264	4	result	result	NOUN
easat-9970	264	5	variables	variable	NOUN
easat-9970	264	6	dependant	dependant	ADJ
easat-9970	264	7	variable	variable	NOUN
easat-9970	264	8	:	:	PUNCT
easat-9970	264	9	volatility	volatility	NOUN
easat-9970	264	10	constant	constant	ADJ
easat-9970	264	11	-0.0929	-0.0929	NOUN
easat-9970	264	12	*	*	PUNCT
easat-9970	264	13	*	*	PUNCT
easat-9970	264	14	*	*	PUNCT
easat-9970	264	15	(	(	PUNCT
easat-9970	264	16	0.0273	0.0273	NUM
easat-9970	264	17	)	)	PUNCT
easat-9970	264	18	cryptor	cryptor	NOUN
easat-9970	264	19	0.0984	0.0984	NUM
easat-9970	264	20	*	*	SYM
easat-9970	264	21	(	(	PUNCT
easat-9970	264	22	0.0544	0.0544	NUM
easat-9970	264	23	)	)	PUNCT
easat-9970	264	24	cryptorfc1	cryptorfc1	NOUN
easat-9970	264	25	-0.0082	-0.0082	PROPN
easat-9970	265	1	(	(	PUNCT
easat-9970	265	2	0.0145	0.0145	NUM
easat-9970	265	3	)	)	PUNCT
easat-9970	265	4	cryptorfc2	cryptorfc2	NOUN
easat-9970	265	5	-0.0003	-0.0003	NOUN
easat-9970	265	6	*	*	PUNCT
easat-9970	266	1	*	*	PUNCT
easat-9970	266	2	*	*	PUNCT
easat-9970	266	3	(	(	PUNCT
easat-9970	266	4	0	0	NUM
easat-9970	266	5	)	)	PUNCT
easat-9970	266	6	size	size	NOUN
easat-9970	266	7	0.0058	0.0058	NUM
easat-9970	266	8	*	*	PUNCT
easat-9970	266	9	*	*	PUNCT
easat-9970	266	10	*	*	PUNCT
easat-9970	266	11	(	(	PUNCT
easat-9970	266	12	0.0013	0.0013	NUM
easat-9970	266	13	)	)	PUNCT
easat-9970	266	14	lev	lev	NOUN
easat-9970	266	15	0.0002	0.0002	NUM
easat-9970	266	16	*	*	NOUN
easat-9970	266	17	*	*	PUNCT
easat-9970	266	18	*	*	PUNCT
easat-9970	266	19	(	(	PUNCT
easat-9970	266	20	0.0001	0.0001	NUM
easat-9970	266	21	)	)	PUNCT
easat-9970	266	22	vix	vix	PROPN
easat-9970	266	23	0.0012	0.0012	NUM
easat-9970	266	24	*	*	PUNCT
easat-9970	266	25	*	*	PUNCT
easat-9970	266	26	*	*	PUNCT
easat-9970	266	27	(	(	PUNCT
easat-9970	266	28	0.0002	0.0002	NUM
easat-9970	266	29	)	)	PUNCT
easat-9970	266	30	inflation	inflation	NOUN
easat-9970	266	31	0.0003	0.0003	NUM
easat-9970	266	32	(	(	PUNCT
easat-9970	266	33	0.0006	0.0006	NUM
easat-9970	266	34	)	)	PUNCT
easat-9970	266	35	n	n	CCONJ
easat-9970	266	36	384	384	NUM
easat-9970	266	37	f	f	NOUN
easat-9970	266	38	value	value	NOUN
easat-9970	266	39	27.6372	27.6372	NUM
easat-9970	266	40	adjusted	adjust	VERB
easat-9970	266	41	r2	r2	NOUN
easat-9970	266	42	0.3589	0.3589	NUM
easat-9970	266	43	note	note	NOUN
easat-9970	266	44	:	:	PUNCT
easat-9970	266	45	see	see	VERB
easat-9970	266	46	table	table	NOUN
easat-9970	266	47	2	2	NUM
easat-9970	266	48	for	for	ADP
easat-9970	266	49	other	other	ADJ
easat-9970	266	50	variable	variable	ADJ
easat-9970	266	51	definitions	definition	NOUN
easat-9970	266	52	.	.	PUNCT
easat-9970	267	1	t	t	NOUN
easat-9970	267	2	-	-	PUNCT
easat-9970	267	3	values	value	NOUN
easat-9970	267	4	are	be	AUX
easat-9970	267	5	shown	show	VERB
easat-9970	267	6	in	in	ADP
easat-9970	267	7	parentheses	parenthesis	NOUN
easat-9970	267	8	.	.	PUNCT
easat-9970	268	1	*	*	PUNCT
easat-9970	269	1	p	p	X
easat-9970	269	2	<	<	X
easat-9970	269	3	0.10	0.10	NUM
easat-9970	269	4	,	,	PUNCT
easat-9970	269	5	*	*	PUNCT
easat-9970	269	6	*	*	PUNCT
easat-9970	269	7	p	p	X
easat-9970	269	8	<	<	X
easat-9970	269	9	0.05	0.05	NUM
easat-9970	269	10	,	,	PUNCT
easat-9970	269	11	*	*	PUNCT
easat-9970	269	12	*	*	PUNCT
easat-9970	269	13	*	*	PUNCT
easat-9970	269	14	p	p	X
easat-9970	269	15	<	<	X
easat-9970	269	16	0.01	0.01	NUM
easat-9970	269	17	.	.	PUNCT
easat-9970	270	1	this	this	DET
easat-9970	270	2	study	study	NOUN
easat-9970	270	3	aligns	align	VERB
easat-9970	270	4	with	with	ADP
easat-9970	270	5	previous	previous	ADJ
easat-9970	270	6	research	research	NOUN
easat-9970	270	7	findings	finding	NOUN
easat-9970	270	8	by	by	ADP
easat-9970	270	9	fama	fama	PROPN
easat-9970	270	10	[	[	X
easat-9970	270	11	18	18	NUM
easat-9970	270	12	]	]	PUNCT
easat-9970	270	13	;	;	PUNCT
easat-9970	270	14	dyhrberg	dyhrberg	PROPN
easat-9970	271	1	[	[	X
easat-9970	271	2	20	20	NUM
easat-9970	271	3	]	]	PUNCT
easat-9970	271	4	and	and	CCONJ
easat-9970	271	5	bouri	bouri	PROPN
easat-9970	271	6	,	,	PUNCT
easat-9970	271	7	et	et	PROPN
easat-9970	271	8	al	al	PROPN
easat-9970	271	9	.	.	PUNCT
easat-9970	272	1	[	[	X
easat-9970	272	2	28	28	NUM
easat-9970	272	3	]	]	PUNCT
easat-9970	272	4	which	which	DET
easat-9970	272	5	state	state	NOUN
easat-9970	272	6	that	that	PRON
easat-9970	272	7	increased	increase	VERB
easat-9970	272	8	exposure	exposure	NOUN
easat-9970	272	9	to	to	ADP
easat-9970	272	10	cryptocurrency	cryptocurrency	NOUN
easat-9970	272	11	can	can	AUX
easat-9970	272	12	enhance	enhance	VERB
easat-9970	272	13	stock	stock	NOUN
easat-9970	272	14	market	market	NOUN
easat-9970	272	15	dynamics	dynamic	NOUN
easat-9970	272	16	.	.	PUNCT
easat-9970	273	1	these	these	DET
easat-9970	273	2	findings	finding	NOUN
easat-9970	273	3	are	be	AUX
easat-9970	273	4	consistent	consistent	ADJ
easat-9970	273	5	with	with	ADP
easat-9970	273	6	the	the	DET
easat-9970	273	7	efficient	efficient	ADJ
easat-9970	273	8	market	market	NOUN
easat-9970	273	9	hypothesis	hypothesis	NOUN
easat-9970	273	10	,	,	PUNCT
easat-9970	273	11	which	which	PRON
easat-9970	273	12	argues	argue	VERB
easat-9970	273	13	that	that	SCONJ
easat-9970	273	14	stock	stock	NOUN
easat-9970	273	15	prices	price	NOUN
easat-9970	273	16	efficiently	efficiently	ADV
easat-9970	273	17	reflect	reflect	VERB
easat-9970	273	18	all	all	DET
easat-9970	273	19	available	available	ADJ
easat-9970	273	20	information	information	NOUN
easat-9970	273	21	,	,	PUNCT
easat-9970	273	22	so	so	CCONJ
easat-9970	273	23	any	any	DET
easat-9970	273	24	new	new	ADJ
easat-9970	273	25	information	information	NOUN
easat-9970	273	26	—	—	PUNCT
easat-9970	273	27	including	include	VERB
easat-9970	273	28	cryptocurrency	cryptocurrency	NOUN
easat-9970	273	29	ownership	ownership	NOUN
easat-9970	273	30	—	—	PUNCT
easat-9970	273	31	can	can	AUX
easat-9970	273	32	trigger	trigger	VERB
easat-9970	273	33	a	a	DET
easat-9970	273	34	rapid	rapid	ADJ
easat-9970	273	35	market	market	NOUN
easat-9970	273	36	response	response	NOUN
easat-9970	273	37	and	and	CCONJ
easat-9970	273	38	increase	increase	VERB
easat-9970	273	39	volatility	volatility	NOUN
easat-9970	273	40	.	.	PUNCT
easat-9970	274	1	moreover	moreover	ADV
easat-9970	274	2	,	,	PUNCT
easat-9970	274	3	the	the	DET
easat-9970	274	4	findings	finding	NOUN
easat-9970	274	5	of	of	ADP
easat-9970	274	6	fama	fama	NOUN
easat-9970	274	7	[	[	X
easat-9970	274	8	18	18	NUM
easat-9970	274	9	]	]	X
easat-9970	274	10	;	;	PUNCT
easat-9970	274	11	campbell	campbell	PROPN
easat-9970	274	12	,	,	PUNCT
easat-9970	274	13	et	et	PROPN
easat-9970	274	14	al	al	PROPN
easat-9970	274	15	.	.	PUNCT
easat-9970	275	1	[	[	X
easat-9970	275	2	33	33	NUM
easat-9970	275	3	]	]	PUNCT
easat-9970	275	4	and	and	CCONJ
easat-9970	275	5	bekaert	bekaert	NOUN
easat-9970	275	6	and	and	CCONJ
easat-9970	275	7	harvey	harvey	NOUN
easat-9970	275	8	[	[	X
easat-9970	275	9	34	34	NUM
easat-9970	275	10	]	]	PUNCT
easat-9970	275	11	state	state	NOUN
easat-9970	275	12	that	that	SCONJ
easat-9970	275	13	strong	strong	ADJ
easat-9970	275	14	external	external	ADJ
easat-9970	275	15	financial	financial	ADJ
easat-9970	275	16	conditions	condition	NOUN
easat-9970	275	17	can	can	AUX
easat-9970	275	18	enhance	enhance	VERB
easat-9970	275	19	company	company	NOUN
easat-9970	275	20	performance	performance	NOUN
easat-9970	275	21	through	through	ADP
easat-9970	275	22	a	a	DET
easat-9970	275	23	rapid	rapid	ADJ
easat-9970	275	24	price	price	NOUN
easat-9970	275	25	adjustment	adjustment	NOUN
easat-9970	275	26	mechanism	mechanism	NOUN
easat-9970	275	27	.	.	PUNCT
easat-9970	276	1	according	accord	VERB
easat-9970	276	2	to	to	ADP
easat-9970	276	3	the	the	DET
easat-9970	276	4	efficient	efficient	ADJ
easat-9970	276	5	market	market	NOUN
easat-9970	276	6	hypothesis	hypothesis	NOUN
easat-9970	276	7	,	,	PUNCT
easat-9970	276	8	stock	stock	NOUN
easat-9970	276	9	prices	price	NOUN
easat-9970	276	10	efficiently	efficiently	ADV
easat-9970	276	11	reflect	reflect	VERB
easat-9970	276	12	all	all	DET
easat-9970	276	13	available	available	ADJ
easat-9970	276	14	information	information	NOUN
easat-9970	276	15	,	,	PUNCT
easat-9970	276	16	making	make	VERB
easat-9970	276	17	external	external	ADJ
easat-9970	276	18	financial	financial	ADJ
easat-9970	276	19	conditions	condition	NOUN
easat-9970	276	20	crucial	crucial	ADJ
easat-9970	276	21	in	in	ADP
easat-9970	276	22	informing	inform	VERB
easat-9970	276	23	market	market	NOUN
easat-9970	276	24	assessments	assessment	NOUN
easat-9970	276	25	of	of	ADP
easat-9970	276	26	company	company	NOUN
easat-9970	276	27	risks	risk	NOUN
easat-9970	276	28	and	and	CCONJ
easat-9970	276	29	opportunities	opportunity	NOUN
easat-9970	276	30	.	.	PUNCT
easat-9970	277	1	furthermore	furthermore	ADV
easat-9970	277	2	,	,	PUNCT
easat-9970	277	3	this	this	DET
easat-9970	277	4	study	study	NOUN
easat-9970	277	5	aligns	align	VERB
easat-9970	277	6	with	with	ADP
easat-9970	277	7	agency	agency	NOUN
easat-9970	277	8	theory	theory	NOUN
easat-9970	277	9	[	[	X
easat-9970	277	10	19	19	NUM
easat-9970	277	11	,	,	PUNCT
easat-9970	277	12	35	35	NUM
easat-9970	277	13	]	]	PUNCT
easat-9970	277	14	which	which	PRON
easat-9970	277	15	states	state	VERB
easat-9970	277	16	that	that	SCONJ
easat-9970	277	17	a	a	DET
easat-9970	277	18	strong	strong	ADJ
easat-9970	277	19	internal	internal	ADJ
easat-9970	277	20	financial	financial	ADJ
easat-9970	277	21	condition	condition	NOUN
easat-9970	277	22	can	can	AUX
easat-9970	277	23	reduce	reduce	VERB
easat-9970	277	24	conflicts	conflict	NOUN
easat-9970	277	25	between	between	ADP
easat-9970	277	26	managers	manager	NOUN
easat-9970	277	27	and	and	CCONJ
easat-9970	277	28	shareholders	shareholder	NOUN
easat-9970	277	29	and	and	CCONJ
easat-9970	277	30	optimize	optimize	VERB
easat-9970	277	31	resource	resource	NOUN
easat-9970	277	32	allocation	allocation	NOUN
easat-9970	277	33	.	.	PUNCT
easat-9970	278	1	in	in	ADP
easat-9970	278	2	this	this	DET
easat-9970	278	3	context	context	NOUN
easat-9970	278	4	,	,	PUNCT
easat-9970	278	5	companies	company	NOUN
easat-9970	278	6	with	with	ADP
easat-9970	278	7	cryptocurrency	cryptocurrency	NOUN
easat-9970	278	8	assets	asset	NOUN
easat-9970	278	9	face	face	VERB
easat-9970	278	10	additional	additional	ADJ
easat-9970	278	11	challenges	challenge	NOUN
easat-9970	278	12	because	because	SCONJ
easat-9970	278	13	the	the	DET
easat-9970	278	14	high	high	ADJ
easat-9970	278	15	volatility	volatility	NOUN
easat-9970	278	16	of	of	ADP
easat-9970	278	17	cryptocurrency	cryptocurrency	NOUN
easat-9970	278	18	values	value	NOUN
easat-9970	278	19	can	can	AUX
easat-9970	278	20	increase	increase	VERB
easat-9970	278	21	volatility	volatility	NOUN
easat-9970	278	22	risk	risk	NOUN
easat-9970	278	23	.	.	PUNCT
easat-9970	279	1	however	however	ADV
easat-9970	279	2	,	,	PUNCT
easat-9970	279	3	if	if	SCONJ
easat-9970	279	4	a	a	DET
easat-9970	279	5	company	company	NOUN
easat-9970	279	6	can	can	AUX
easat-9970	279	7	maintain	maintain	VERB
easat-9970	279	8	internal	internal	ADJ
easat-9970	279	9	financial	financial	ADJ
easat-9970	279	10	stability	stability	NOUN
easat-9970	279	11	through	through	ADP
easat-9970	279	12	effective	effective	ADJ
easat-9970	279	13	risk	risk	NOUN
easat-9970	279	14	management	management	NOUN
easat-9970	279	15	,	,	PUNCT
easat-9970	279	16	the	the	DET
easat-9970	279	17	extreme	extreme	ADJ
easat-9970	279	18	volatility	volatility	NOUN
easat-9970	279	19	impact	impact	NOUN
easat-9970	279	20	of	of	ADP
easat-9970	279	21	cryptocurrency	cryptocurrency	NOUN
easat-9970	279	22	assets	asset	NOUN
easat-9970	279	23	can	can	AUX
easat-9970	279	24	be	be	AUX
easat-9970	279	25	minimized	minimize	VERB
easat-9970	279	26	.	.	PUNCT
easat-9970	280	1	thus	thus	ADV
easat-9970	280	2	,	,	PUNCT
easat-9970	280	3	companies	company	NOUN
easat-9970	280	4	with	with	ADP
easat-9970	280	5	a	a	DET
easat-9970	280	6	healthy	healthy	ADJ
easat-9970	280	7	internal	internal	ADJ
easat-9970	280	8	financial	financial	ADJ
easat-9970	280	9	condition	condition	NOUN
easat-9970	280	10	and	and	CCONJ
easat-9970	280	11	well	well	ADV
easat-9970	280	12	-	-	PUNCT
easat-9970	280	13	managed	manage	VERB
easat-9970	280	14	cryptocurrency	cryptocurrency	NOUN
easat-9970	280	15	holdings	holding	NOUN
easat-9970	280	16	exhibit	exhibit	VERB
easat-9970	280	17	lower	low	ADJ
easat-9970	280	18	volatility	volatility	NOUN
easat-9970	280	19	performance	performance	NOUN
easat-9970	280	20	.	.	PUNCT
easat-9970	281	1	the	the	DET
easat-9970	281	2	analysis	analysis	NOUN
easat-9970	281	3	testing	testing	NOUN
easat-9970	281	4	hypothesis	hypothesis	NOUN
easat-9970	281	5	2	2	NUM
easat-9970	281	6	,	,	PUNCT
easat-9970	281	7	with	with	ADP
easat-9970	281	8	results	result	NOUN
easat-9970	281	9	shown	show	VERB
easat-9970	281	10	in	in	ADP
easat-9970	281	11	table	table	NOUN
easat-9970	281	12	5	5	NUM
easat-9970	281	13	,	,	PUNCT
easat-9970	281	14	investigates	investigate	VERB
easat-9970	281	15	whether	whether	SCONJ
easat-9970	281	16	a	a	DET
easat-9970	281	17	liquidity	liquidity	NOUN
easat-9970	281	18	crisis	crisis	NOUN
easat-9970	281	19	alters	alter	VERB
easat-9970	281	20	the	the	DET
easat-9970	281	21	effect	effect	NOUN
easat-9970	281	22	of	of	ADP
easat-9970	281	23	cryptocurrency	cryptocurrency	NOUN
easat-9970	281	24	ownership	ownership	NOUN
easat-9970	281	25	on	on	ADP
easat-9970	281	26	corporate	corporate	ADJ
easat-9970	281	27	volatility	volatility	NOUN
easat-9970	281	28	.	.	PUNCT
easat-9970	282	1	the	the	DET
easat-9970	282	2	findings	finding	NOUN
easat-9970	282	3	suggest	suggest	VERB
easat-9970	282	4	a	a	DET
easat-9970	282	5	differential	differential	ADJ
easat-9970	282	6	impact	impact	NOUN
easat-9970	282	7	:	:	PUNCT
easat-9970	282	8	during	during	ADP
easat-9970	282	9	periods	period	NOUN
easat-9970	282	10	of	of	ADP
easat-9970	282	11	sufficient	sufficient	ADJ
easat-9970	282	12	liquidity	liquidity	NOUN
easat-9970	282	13	,	,	PUNCT
easat-9970	282	14	greater	great	ADJ
easat-9970	282	15	cryptocurrency	cryptocurrency	NOUN
easat-9970	282	16	holdings	holding	NOUN
easat-9970	282	17	are	be	AUX
easat-9970	282	18	associated	associate	VERB
easat-9970	282	19	with	with	ADP
easat-9970	282	20	a	a	DET
easat-9970	282	21	significant	significant	ADJ
easat-9970	282	22	increase	increase	NOUN
easat-9970	282	23	in	in	ADP
easat-9970	282	24	volatility	volatility	NOUN
easat-9970	282	25	.	.	PUNCT
easat-9970	283	1	this	this	PRON
easat-9970	283	2	lends	lend	VERB
easat-9970	283	3	support	support	NOUN
easat-9970	283	4	to	to	ADP
easat-9970	283	5	the	the	DET
easat-9970	283	6	argument	argument	NOUN
easat-9970	283	7	that	that	SCONJ
easat-9970	283	8	digital	digital	ADJ
easat-9970	283	9	asset	asset	NOUN
easat-9970	283	10	investment	investment	NOUN
easat-9970	283	11	heightens	heighten	VERB
easat-9970	283	12	a	a	DET
easat-9970	283	13	firm	firm	NOUN
easat-9970	283	14	's	's	PART
easat-9970	283	15	risk	risk	NOUN
easat-9970	283	16	profile	profile	NOUN
easat-9970	283	17	,	,	PUNCT
easat-9970	283	18	an	an	DET
easat-9970	283	19	effect	effect	NOUN
easat-9970	283	20	that	that	PRON
easat-9970	283	21	is	be	AUX
easat-9970	283	22	particularly	particularly	ADV
easat-9970	283	23	consequential	consequential	ADJ
easat-9970	283	24	for	for	ADP
easat-9970	283	25	companies	company	NOUN
easat-9970	283	26	in	in	ADP
easat-9970	283	27	financially	financially	ADV
easat-9970	283	28	constrained	constrain	VERB
easat-9970	283	29	states	state	NOUN
easat-9970	283	30	.	.	PUNCT
easat-9970	284	1	this	this	DET
easat-9970	284	2	study	study	NOUN
easat-9970	284	3	aligns	align	VERB
easat-9970	284	4	with	with	ADP
easat-9970	284	5	findings	finding	NOUN
easat-9970	284	6	that	that	SCONJ
easat-9970	284	7	a	a	DET
easat-9970	284	8	liquidity	liquidity	NOUN
easat-9970	284	9	crisis	crisis	NOUN
easat-9970	284	10	has	have	AUX
easat-9970	284	11	a	a	DET
easat-9970	284	12	significant	significant	ADJ
easat-9970	284	13	impact	impact	NOUN
easat-9970	284	14	on	on	ADP
easat-9970	284	15	volatility	volatility	NOUN
easat-9970	284	16	,	,	PUNCT
easat-9970	284	17	particularly	particularly	ADV
easat-9970	284	18	in	in	ADP
easat-9970	284	19	companies	company	NOUN
easat-9970	284	20	holding	hold	VERB
easat-9970	284	21	digital	digital	ADJ
easat-9970	284	22	assets	asset	NOUN
easat-9970	284	23	such	such	ADJ
easat-9970	284	24	as	as	ADP
easat-9970	284	25	cryptocurrency	cryptocurrency	NOUN
easat-9970	284	26	.	.	PUNCT
easat-9970	285	1	according	accord	VERB
easat-9970	285	2	to	to	ADP
easat-9970	285	3	brunnermeier	brunnermei	ADJ
easat-9970	285	4	and	and	CCONJ
easat-9970	285	5	pedersen	pedersen	PROPN
easat-9970	285	6	[	[	X
easat-9970	285	7	36	36	NUM
easat-9970	285	8	]	]	PUNCT
easat-9970	285	9	a	a	DET
easat-9970	285	10	decline	decline	NOUN
easat-9970	285	11	in	in	ADP
easat-9970	285	12	liquidity	liquidity	NOUN
easat-9970	285	13	can	can	AUX
easat-9970	285	14	increase	increase	VERB
easat-9970	285	15	risk	risk	NOUN
easat-9970	285	16	and	and	CCONJ
easat-9970	285	17	uncertainty	uncertainty	NOUN
easat-9970	285	18	in	in	ADP
easat-9970	285	19	financial	financial	ADJ
easat-9970	285	20	markets	market	NOUN
easat-9970	285	21	,	,	PUNCT
easat-9970	285	22	ultimately	ultimately	ADV
easat-9970	285	23	triggering	trigger	VERB
easat-9970	285	24	higher	high	ADJ
easat-9970	285	25	stock	stock	NOUN
easat-9970	285	26	price	price	NOUN
easat-9970	285	27	fluctuations	fluctuation	NOUN
easat-9970	285	28	.	.	PUNCT
easat-9970	286	1	furthermore	furthermore	ADV
easat-9970	286	2	,	,	PUNCT
easat-9970	286	3	based	base	VERB
easat-9970	286	4	on	on	ADP
easat-9970	286	5	the	the	DET
easat-9970	286	6	efficient	efficient	ADJ
easat-9970	286	7	market	market	NOUN
easat-9970	286	8	hypothesis	hypothesis	NOUN
easat-9970	286	9	proposed	propose	VERB
easat-9970	286	10	by	by	ADP
easat-9970	286	11	fama	fama	PROPN
easat-9970	286	12	[	[	X
easat-9970	286	13	18	18	NUM
easat-9970	286	14	]	]	PUNCT
easat-9970	286	15	information	information	NOUN
easat-9970	286	16	related	relate	VERB
easat-9970	286	17	to	to	ADP
easat-9970	286	18	liquidity	liquidity	NOUN
easat-9970	286	19	conditions	condition	NOUN
easat-9970	286	20	is	be	AUX
easat-9970	286	21	quickly	quickly	ADV
easat-9970	286	22	and	and	CCONJ
easat-9970	286	23	efficiently	efficiently	ADV
easat-9970	286	24	reflected	reflect	VERB
easat-9970	286	25	in	in	ADP
easat-9970	286	26	stock	stock	NOUN
easat-9970	286	27	prices	price	NOUN
easat-9970	286	28	,	,	PUNCT
easat-9970	286	29	meaning	mean	VERB
easat-9970	286	30	that	that	SCONJ
easat-9970	286	31	any	any	DET
easat-9970	286	32	liquidity	liquidity	NOUN
easat-9970	286	33	instability	instability	NOUN
easat-9970	286	34	will	will	AUX
easat-9970	286	35	lead	lead	VERB
easat-9970	286	36	to	to	ADP
easat-9970	286	37	increased	increase	VERB
easat-9970	286	38	market	market	NOUN
easat-9970	286	39	volatility	volatility	NOUN
easat-9970	286	40	.	.	PUNCT
easat-9970	287	1	moreover	moreover	ADV
easat-9970	287	2	,	,	PUNCT
easat-9970	287	3	cryptocurrency	cryptocurrency	NOUN
easat-9970	287	4	ownership	ownership	NOUN
easat-9970	287	5	adds	add	VERB
easat-9970	287	6	complexity	complexity	NOUN
easat-9970	287	7	to	to	ADP
easat-9970	287	8	liquidity	liquidity	NOUN
easat-9970	287	9	management	management	NOUN
easat-9970	287	10	and	and	CCONJ
easat-9970	287	11	market	market	NOUN
easat-9970	287	12	performance	performance	NOUN
easat-9970	287	13	.	.	PUNCT
easat-9970	288	1	the	the	DET
easat-9970	288	2	inherent	inherent	ADJ
easat-9970	288	3	volatility	volatility	NOUN
easat-9970	288	4	of	of	ADP
easat-9970	288	5	digital	digital	ADJ
easat-9970	288	6	assets	asset	NOUN
easat-9970	288	7	like	like	ADP
easat-9970	288	8	cryptocurrency	cryptocurrency	NOUN
easat-9970	288	9	can	can	AUX
easat-9970	288	10	amplify	amplify	VERB
easat-9970	288	11	the	the	DET
easat-9970	288	12	impact	impact	NOUN
easat-9970	288	13	of	of	ADP
easat-9970	288	14	a	a	DET
easat-9970	288	15	liquidity	liquidity	NOUN
easat-9970	288	16	crisis	crisis	NOUN
easat-9970	288	17	on	on	ADP
easat-9970	288	18	stock	stock	NOUN
easat-9970	288	19	prices	price	NOUN
easat-9970	288	20	,	,	PUNCT
easat-9970	288	21	as	as	SCONJ
easat-9970	288	22	sharp	sharp	ADJ
easat-9970	288	23	cryptocurrency	cryptocurrency	NOUN
easat-9970	288	24	price	price	NOUN
easat-9970	288	25	fluctuations	fluctuation	NOUN
easat-9970	288	26	exert	exert	VERB
easat-9970	288	27	additional	additional	ADJ
easat-9970	288	28	pressure	pressure	NOUN
easat-9970	288	29	on	on	ADP
easat-9970	288	30	a	a	DET
easat-9970	288	31	company	company	NOUN
easat-9970	288	32	's	's	PART
easat-9970	288	33	financial	financial	ADJ
easat-9970	288	34	statements	statement	NOUN
easat-9970	288	35	[	[	X
easat-9970	288	36	20	20	NUM
easat-9970	288	37	]	]	PUNCT
easat-9970	288	38	.	.	PUNCT
easat-9970	289	1	in	in	ADP
easat-9970	289	2	this	this	DET
easat-9970	289	3	context	context	NOUN
easat-9970	289	4	,	,	PUNCT
easat-9970	289	5	the	the	DET
easat-9970	289	6	efficient	efficient	ADJ
easat-9970	289	7	market	market	NOUN
easat-9970	289	8	hypothesis	hypothesis	NOUN
easat-9970	289	9	explains	explain	VERB
easat-9970	289	10	that	that	SCONJ
easat-9970	289	11	the	the	DET
easat-9970	289	12	market	market	NOUN
easat-9970	289	13	will	will	AUX
easat-9970	289	14	promptly	promptly	ADV
easat-9970	289	15	integrate	integrate	VERB
easat-9970	289	16	information	information	NOUN
easat-9970	289	17	related	relate	VERB
easat-9970	289	18	to	to	ADP
easat-9970	289	19	liquidity	liquidity	NOUN
easat-9970	289	20	fluctuations	fluctuation	NOUN
easat-9970	289	21	and	and	CCONJ
easat-9970	289	22	cryptocurrency	cryptocurrency	NOUN
easat-9970	289	23	value	value	NOUN
easat-9970	289	24	into	into	ADP
easat-9970	289	25	stock	stock	NOUN
easat-9970	289	26	prices	price	NOUN
easat-9970	289	27	,	,	PUNCT
easat-9970	289	28	creating	create	VERB
easat-9970	289	29	a	a	DET
easat-9970	289	30	higher	high	ADJ
easat-9970	289	31	volatility	volatility	NOUN
easat-9970	289	32	dynamic	dynamic	NOUN
easat-9970	289	33	.	.	PUNCT
easat-9970	290	1	the	the	DET
easat-9970	290	2	conclusion	conclusion	NOUN
easat-9970	290	3	of	of	ADP
easat-9970	290	4	this	this	DET
easat-9970	290	5	study	study	NOUN
easat-9970	290	6	is	be	AUX
easat-9970	290	7	that	that	SCONJ
easat-9970	290	8	the	the	DET
easat-9970	290	9	potential	potential	ADJ
easat-9970	290	10	benefits	benefit	NOUN
easat-9970	290	11	of	of	ADP
easat-9970	290	12	corporate	corporate	ADJ
easat-9970	290	13	cryptocurrency	cryptocurrency	NOUN
easat-9970	290	14	holdings	holding	NOUN
easat-9970	290	15	,	,	PUNCT
easat-9970	290	16	particularly	particularly	ADV
easat-9970	290	17	as	as	ADP
easat-9970	290	18	a	a	DET
easat-9970	290	19	hedge	hedge	NOUN
easat-9970	290	20	during	during	ADP
easat-9970	290	21	a	a	DET
easat-9970	290	22	liquidity	liquidity	NOUN
easat-9970	290	23	crisis	crisis	NOUN
easat-9970	290	24	,	,	PUNCT
easat-9970	290	25	are	be	AUX
easat-9970	290	26	fundamentally	fundamentally	ADV
easat-9970	290	27	contingent	contingent	ADJ
easat-9970	290	28	upon	upon	SCONJ
easat-9970	290	29	the	the	DET
easat-9970	290	30	firm	firm	NOUN
easat-9970	290	31	's	's	PART
easat-9970	290	32	internal	internal	ADJ
easat-9970	290	33	financial	financial	ADJ
easat-9970	290	34	stability	stability	NOUN
easat-9970	290	35	.	.	PUNCT
easat-9970	291	1	these	these	DET
easat-9970	291	2	findings	finding	NOUN
easat-9970	291	3	suggest	suggest	VERB
easat-9970	291	4	that	that	SCONJ
easat-9970	291	5	for	for	SCONJ
easat-9970	291	6	766	766	NUM
easat-9970	291	7	edelweiss	edelweiss	PROPN
easat-9970	291	8	applied	apply	VERB
easat-9970	291	9	science	science	NOUN
easat-9970	291	10	and	and	CCONJ
easat-9970	291	11	technology	technology	NOUN
easat-9970	291	12	issn	issn	PROPN
easat-9970	291	13	:	:	PUNCT
easat-9970	291	14	2576	2576	NUM
easat-9970	291	15	-	-	SYM
easat-9970	291	16	8484	8484	NUM
easat-9970	291	17	vol	vol	NOUN
easat-9970	291	18	.	.	PROPN
easat-9970	292	1	9	9	NUM
easat-9970	292	2	,	,	PUNCT
easat-9970	292	3	no	no	INTJ
easat-9970	292	4	.	.	NOUN
easat-9970	292	5	9	9	NUM
easat-9970	292	6	:	:	SYM
easat-9970	292	7	756	756	NUM
easat-9970	292	8	-	-	SYM
easat-9970	292	9	769	769	NUM
easat-9970	292	10	,	,	PUNCT
easat-9970	292	11	2025	2025	NUM
easat-9970	292	12	doi	doi	NOUN
easat-9970	292	13	:	:	PUNCT
easat-9970	292	14	10.55214/2576	10.55214/2576	NUM
easat-9970	292	15	-	-	NUM
easat-9970	292	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	293	1	©	©	PROPN
easat-9970	293	2	2025	2025	NUM
easat-9970	293	3	by	by	ADP
easat-9970	293	4	the	the	DET
easat-9970	293	5	authors	author	NOUN
easat-9970	293	6	;	;	PUNCT
easat-9970	293	7	licensee	licensee	PROPN
easat-9970	293	8	learning	learn	VERB
easat-9970	293	9	gate	gate	VERB
easat-9970	293	10	corporate	corporate	ADJ
easat-9970	293	11	investors	investor	NOUN
easat-9970	293	12	,	,	PUNCT
easat-9970	293	13	the	the	DET
easat-9970	293	14	focus	focus	NOUN
easat-9970	293	15	should	should	AUX
easat-9970	293	16	not	not	PART
easat-9970	293	17	be	be	AUX
easat-9970	293	18	on	on	ADP
easat-9970	293	19	the	the	DET
easat-9970	293	20	speculative	speculative	ADJ
easat-9970	293	21	merits	merit	NOUN
easat-9970	293	22	of	of	ADP
easat-9970	293	23	digital	digital	ADJ
easat-9970	293	24	assets	asset	NOUN
easat-9970	293	25	alone	alone	ADV
easat-9970	293	26	,	,	PUNCT
easat-9970	293	27	but	but	CCONJ
easat-9970	293	28	on	on	ADP
easat-9970	293	29	fostering	foster	VERB
easat-9970	293	30	a	a	DET
easat-9970	293	31	robust	robust	ADJ
easat-9970	293	32	internal	internal	ADJ
easat-9970	293	33	environment	environment	NOUN
easat-9970	293	34	.	.	PUNCT
easat-9970	294	1	a	a	DET
easat-9970	294	2	strong	strong	ADJ
easat-9970	294	3	internal	internal	ADJ
easat-9970	294	4	financial	financial	ADJ
easat-9970	294	5	position	position	NOUN
easat-9970	294	6	appears	appear	VERB
easat-9970	294	7	to	to	PART
easat-9970	294	8	be	be	AUX
easat-9970	294	9	a	a	DET
easat-9970	294	10	prerequisite	prerequisite	NOUN
easat-9970	294	11	for	for	ADP
easat-9970	294	12	making	make	VERB
easat-9970	294	13	cryptocurrency	cryptocurrency	NOUN
easat-9970	294	14	investments	investment	NOUN
easat-9970	294	15	advantageous	advantageous	ADJ
easat-9970	294	16	,	,	PUNCT
easat-9970	294	17	or	or	CCONJ
easat-9970	294	18	at	at	ADP
easat-9970	294	19	least	least	ADJ
easat-9970	294	20	not	not	PART
easat-9970	294	21	detrimental	detrimental	ADJ
easat-9970	294	22	.	.	PUNCT
easat-9970	295	1	this	this	PRON
easat-9970	295	2	implies	imply	VERB
easat-9970	295	3	that	that	SCONJ
easat-9970	295	4	the	the	DET
easat-9970	295	5	decision	decision	NOUN
easat-9970	295	6	to	to	PART
easat-9970	295	7	invest	invest	VERB
easat-9970	295	8	in	in	ADP
easat-9970	295	9	cryptocurrency	cryptocurrency	NOUN
easat-9970	295	10	must	must	AUX
easat-9970	295	11	be	be	AUX
easat-9970	295	12	a	a	DET
easat-9970	295	13	strategic	strategic	ADJ
easat-9970	295	14	one	one	NOUN
easat-9970	295	15	,	,	PUNCT
easat-9970	295	16	carefully	carefully	ADV
easat-9970	295	17	aligned	align	VERB
easat-9970	295	18	with	with	ADP
easat-9970	295	19	the	the	DET
easat-9970	295	20	firm	firm	NOUN
easat-9970	295	21	's	's	PART
easat-9970	295	22	existing	exist	VERB
easat-9970	295	23	financial	financial	ADJ
easat-9970	295	24	and	and	CCONJ
easat-9970	295	25	operational	operational	ADJ
easat-9970	295	26	health	health	NOUN
easat-9970	295	27	.	.	PUNCT
easat-9970	296	1	the	the	DET
easat-9970	296	2	analysis	analysis	NOUN
easat-9970	296	3	also	also	ADV
easat-9970	296	4	confirms	confirm	VERB
easat-9970	296	5	that	that	SCONJ
easat-9970	296	6	fundamental	fundamental	ADJ
easat-9970	296	7	firm	firm	ADJ
easat-9970	296	8	characteristics	characteristic	NOUN
easat-9970	296	9	,	,	PUNCT
easat-9970	296	10	including	include	VERB
easat-9970	296	11	size	size	NOUN
easat-9970	296	12	,	,	PUNCT
easat-9970	296	13	lev	lev	NOUN
easat-9970	296	14	,	,	PUNCT
easat-9970	296	15	vif	vif	NOUN
easat-9970	296	16	,	,	PUNCT
easat-9970	296	17	and	and	CCONJ
easat-9970	296	18	macroeconomic	macroeconomic	ADJ
easat-9970	296	19	factors	factor	NOUN
easat-9970	296	20	like	like	ADP
easat-9970	296	21	inflation	inflation	NOUN
easat-9970	296	22	,	,	PUNCT
easat-9970	296	23	are	be	AUX
easat-9970	296	24	significant	significant	ADJ
easat-9970	296	25	positive	positive	ADJ
easat-9970	296	26	drivers	driver	NOUN
easat-9970	296	27	of	of	ADP
easat-9970	296	28	corporate	corporate	ADJ
easat-9970	296	29	volatility	volatility	NOUN
easat-9970	296	30	.	.	PUNCT
easat-9970	297	1	table	table	NOUN
easat-9970	297	2	5	5	NUM
easat-9970	297	3	.	.	PUNCT
easat-9970	298	1	regression	regression	NOUN
easat-9970	298	2	results	result	NOUN
easat-9970	298	3	.	.	PUNCT
easat-9970	299	1	fixed	fix	VERB
easat-9970	299	2	effect	effect	NOUN
easat-9970	299	3	regression	regression	NOUN
easat-9970	299	4	result	result	NOUN
easat-9970	299	5	variables	variable	NOUN
easat-9970	299	6	dependant	dependant	ADJ
easat-9970	299	7	variable	variable	NOUN
easat-9970	299	8	:	:	PUNCT
easat-9970	299	9	volatility	volatility	NOUN
easat-9970	299	10	constant	constant	ADJ
easat-9970	299	11	-0.0883	-0.0883	NOUN
easat-9970	299	12	*	*	PUNCT
easat-9970	299	13	*	*	PUNCT
easat-9970	299	14	*	*	PUNCT
easat-9970	299	15	(	(	PUNCT
easat-9970	299	16	0.0269	0.0269	NUM
easat-9970	299	17	)	)	PUNCT
easat-9970	299	18	cryptor	cryptor	NOUN
easat-9970	299	19	0.0512	0.0512	NUM
easat-9970	299	20	*	*	PUNCT
easat-9970	300	1	*	*	PUNCT
easat-9970	300	2	*	*	PUNCT
easat-9970	300	3	(	(	PUNCT
easat-9970	300	4	0.0179	0.0179	NUM
easat-9970	300	5	)	)	PUNCT
easat-9970	300	6	cryptorlliquid	cryptorlliquid	NOUN
easat-9970	300	7	0.0248	0.0248	NUM
easat-9970	300	8	*	*	PUNCT
easat-9970	301	1	*	*	PUNCT
easat-9970	301	2	*	*	PUNCT
easat-9970	301	3	(	(	PUNCT
easat-9970	301	4	0.0071	0.0071	NUM
easat-9970	301	5	)	)	PUNCT
easat-9970	301	6	size	size	NOUN
easat-9970	301	7	0.0056	0.0056	NUM
easat-9970	301	8	*	*	PUNCT
easat-9970	301	9	*	*	PUNCT
easat-9970	301	10	*	*	PUNCT
easat-9970	301	11	(	(	PUNCT
easat-9970	301	12	0.0013	0.0013	NUM
easat-9970	301	13	)	)	PUNCT
easat-9970	301	14	lev	lev	NOUN
easat-9970	301	15	0.0002	0.0002	NUM
easat-9970	301	16	*	*	NOUN
easat-9970	301	17	*	*	PUNCT
easat-9970	301	18	*	*	PUNCT
easat-9970	301	19	(	(	PUNCT
easat-9970	301	20	0.0001	0.0001	NUM
easat-9970	301	21	)	)	PUNCT
easat-9970	301	22	vix	vix	PROPN
easat-9970	301	23	0.0012	0.0012	NUM
easat-9970	301	24	*	*	PUNCT
easat-9970	301	25	*	*	PUNCT
easat-9970	301	26	*	*	PUNCT
easat-9970	301	27	(	(	PUNCT
easat-9970	301	28	0.0002	0.0002	NUM
easat-9970	301	29	)	)	PUNCT
easat-9970	301	30	inflation	inflation	NOUN
easat-9970	301	31	0.0003	0.0003	NUM
easat-9970	301	32	(	(	PUNCT
easat-9970	301	33	0.0006	0.0006	NUM
easat-9970	301	34	)	)	PUNCT
easat-9970	301	35	n	n	CCONJ
easat-9970	301	36	384	384	NUM
easat-9970	301	37	f	f	NOUN
easat-9970	301	38	value	value	NOUN
easat-9970	301	39	28.8183	28.8183	NUM
easat-9970	301	40	adjusted	adjust	VERB
easat-9970	301	41	r	r	NOUN
easat-9970	301	42	2	2	NUM
easat-9970	301	43	0.3465	0.3465	NUM
easat-9970	301	44	note	note	NOUN
easat-9970	301	45	:	:	PUNCT
easat-9970	301	46	see	see	VERB
easat-9970	301	47	table	table	NOUN
easat-9970	301	48	2	2	NUM
easat-9970	301	49	for	for	ADP
easat-9970	301	50	other	other	ADJ
easat-9970	301	51	variable	variable	ADJ
easat-9970	301	52	definitions	definition	NOUN
easat-9970	301	53	.	.	PUNCT
easat-9970	302	1	t	t	NOUN
easat-9970	302	2	-	-	PUNCT
easat-9970	302	3	values	value	NOUN
easat-9970	302	4	are	be	AUX
easat-9970	302	5	shown	show	VERB
easat-9970	302	6	in	in	ADP
easat-9970	302	7	parentheses	parenthesis	NOUN
easat-9970	302	8	.	.	PUNCT
easat-9970	303	1	*	*	PUNCT
easat-9970	304	1	p	p	X
easat-9970	304	2	<	<	X
easat-9970	304	3	0.10	0.10	NUM
easat-9970	304	4	,	,	PUNCT
easat-9970	304	5	*	*	PUNCT
easat-9970	304	6	*	*	PUNCT
easat-9970	304	7	p	p	X
easat-9970	304	8	<	<	X
easat-9970	304	9	0.05	0.05	NUM
easat-9970	304	10	,	,	PUNCT
easat-9970	304	11	*	*	PUNCT
easat-9970	304	12	*	*	PUNCT
easat-9970	304	13	*	*	PUNCT
easat-9970	304	14	p	p	X
easat-9970	304	15	<	<	X
easat-9970	304	16	0.01	0.01	NUM
easat-9970	304	17	.	.	PUNCT
easat-9970	305	1	5	5	NUM
easat-9970	305	2	.	.	X
easat-9970	305	3	conclusions	conclusion	NOUN
easat-9970	305	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	305	5	have	have	AUX
easat-9970	305	6	emerged	emerge	VERB
easat-9970	305	7	as	as	ADP
easat-9970	305	8	a	a	DET
easat-9970	305	9	transformative	transformative	ADJ
easat-9970	305	10	asset	asset	NOUN
easat-9970	305	11	class	class	NOUN
easat-9970	305	12	with	with	ADP
easat-9970	305	13	the	the	DET
easat-9970	305	14	potential	potential	NOUN
easat-9970	305	15	to	to	PART
easat-9970	305	16	disrupt	disrupt	VERB
easat-9970	305	17	traditional	traditional	ADJ
easat-9970	305	18	financial	financial	ADJ
easat-9970	305	19	structures	structure	NOUN
easat-9970	305	20	.	.	PUNCT
easat-9970	306	1	in	in	ADP
easat-9970	306	2	recent	recent	ADJ
easat-9970	306	3	years	year	NOUN
easat-9970	306	4	,	,	PUNCT
easat-9970	306	5	an	an	DET
easat-9970	306	6	increasing	increase	VERB
easat-9970	306	7	number	number	NOUN
easat-9970	306	8	of	of	ADP
easat-9970	306	9	public	public	ADJ
easat-9970	306	10	companies	company	NOUN
easat-9970	306	11	in	in	ADP
easat-9970	306	12	the	the	DET
easat-9970	306	13	united	united	PROPN
easat-9970	306	14	states	states	PROPN
easat-9970	306	15	have	have	AUX
easat-9970	306	16	incorporated	incorporate	VERB
easat-9970	306	17	digital	digital	ADJ
easat-9970	306	18	assets	asset	NOUN
easat-9970	306	19	into	into	ADP
easat-9970	306	20	their	their	PRON
easat-9970	306	21	balance	balance	NOUN
easat-9970	306	22	sheets	sheet	NOUN
easat-9970	306	23	.	.	PUNCT
easat-9970	307	1	this	this	DET
easat-9970	307	2	study	study	NOUN
easat-9970	307	3	examines	examine	VERB
easat-9970	307	4	the	the	DET
easat-9970	307	5	relationship	relationship	NOUN
easat-9970	307	6	between	between	ADP
easat-9970	307	7	cryptocurrency	cryptocurrency	NOUN
easat-9970	307	8	ownership	ownership	NOUN
easat-9970	307	9	—	—	PUNCT
easat-9970	307	10	operationalized	operationalize	VERB
easat-9970	307	11	as	as	ADP
easat-9970	307	12	the	the	DET
easat-9970	307	13	digital	digital	ADJ
easat-9970	307	14	assets	asset	NOUN
easat-9970	307	15	to	to	PART
easat-9970	307	16	balance	balance	VERB
easat-9970	307	17	sheet	sheet	NOUN
easat-9970	307	18	ratio	ratio	NOUN
easat-9970	307	19	—	—	PUNCT
easat-9970	307	20	and	and	CCONJ
easat-9970	307	21	corporate	corporate	ADJ
easat-9970	307	22	volatility	volatility	NOUN
easat-9970	307	23	performance	performance	NOUN
easat-9970	307	24	,	,	PUNCT
easat-9970	307	25	measured	measure	VERB
easat-9970	307	26	by	by	ADP
easat-9970	307	27	the	the	DET
easat-9970	307	28	standard	standard	ADJ
easat-9970	307	29	deviation	deviation	NOUN
easat-9970	307	30	of	of	ADP
easat-9970	307	31	stock	stock	NOUN
easat-9970	307	32	returns	return	NOUN
easat-9970	307	33	.	.	PUNCT
easat-9970	308	1	in	in	ADP
easat-9970	308	2	doing	do	VERB
easat-9970	308	3	so	so	ADV
easat-9970	308	4	,	,	PUNCT
easat-9970	308	5	the	the	DET
easat-9970	308	6	analysis	analysis	NOUN
easat-9970	308	7	further	far	ADV
easat-9970	308	8	explores	explore	NOUN
easat-9970	308	9	how	how	SCONJ
easat-9970	308	10	external	external	ADJ
easat-9970	308	11	financial	financial	ADJ
easat-9970	308	12	conditions	condition	NOUN
easat-9970	308	13	,	,	PUNCT
easat-9970	308	14	represented	represent	VERB
easat-9970	308	15	by	by	ADP
easat-9970	308	16	corporate	corporate	ADJ
easat-9970	308	17	beta	beta	NOUN
easat-9970	308	18	,	,	PUNCT
easat-9970	308	19	internal	internal	ADJ
easat-9970	308	20	financial	financial	ADJ
easat-9970	308	21	conditions	condition	NOUN
easat-9970	308	22	,	,	PUNCT
easat-9970	308	23	indicated	indicate	VERB
easat-9970	308	24	by	by	ADP
easat-9970	308	25	return	return	NOUN
easat-9970	308	26	on	on	ADP
easat-9970	308	27	assets	asset	NOUN
easat-9970	308	28	(	(	PUNCT
easat-9970	308	29	roa	roa	NOUN
easat-9970	308	30	)	)	PUNCT
easat-9970	308	31	,	,	PUNCT
easat-9970	308	32	and	and	CCONJ
easat-9970	308	33	liquidity	liquidity	NOUN
easat-9970	308	34	,	,	PUNCT
easat-9970	308	35	measured	measure	VERB
easat-9970	308	36	by	by	ADP
easat-9970	308	37	the	the	DET
easat-9970	308	38	current	current	ADJ
easat-9970	308	39	ratio	ratio	NOUN
easat-9970	308	40	,	,	PUNCT
easat-9970	308	41	moderate	moderate	VERB
easat-9970	308	42	this	this	DET
easat-9970	308	43	relationship	relationship	NOUN
easat-9970	308	44	.	.	PUNCT
easat-9970	309	1	the	the	DET
easat-9970	309	2	rapid	rapid	ADJ
easat-9970	309	3	proliferation	proliferation	NOUN
easat-9970	309	4	of	of	ADP
easat-9970	309	5	digital	digital	ADJ
easat-9970	309	6	assets	asset	NOUN
easat-9970	309	7	over	over	ADP
easat-9970	309	8	the	the	DET
easat-9970	309	9	past	past	ADJ
easat-9970	309	10	decade	decade	NOUN
easat-9970	309	11	has	have	AUX
easat-9970	309	12	led	lead	VERB
easat-9970	309	13	to	to	ADP
easat-9970	309	14	significant	significant	ADJ
easat-9970	309	15	debate	debate	NOUN
easat-9970	309	16	among	among	ADP
easat-9970	309	17	scholars	scholar	NOUN
easat-9970	309	18	,	,	PUNCT
easat-9970	309	19	investors	investor	NOUN
easat-9970	309	20	,	,	PUNCT
easat-9970	309	21	and	and	CCONJ
easat-9970	309	22	policymakers	policymaker	NOUN
easat-9970	309	23	.	.	PUNCT
easat-9970	310	1	early	early	ADJ
easat-9970	310	2	research	research	NOUN
easat-9970	310	3	on	on	ADP
easat-9970	310	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	310	5	largely	largely	ADV
easat-9970	310	6	focused	focus	VERB
easat-9970	310	7	on	on	ADP
easat-9970	310	8	their	their	PRON
easat-9970	310	9	role	role	NOUN
easat-9970	310	10	as	as	ADP
easat-9970	310	11	speculative	speculative	ADJ
easat-9970	310	12	instruments	instrument	NOUN
easat-9970	310	13	[	[	X
easat-9970	310	14	32	32	NUM
easat-9970	310	15	]	]	PUNCT
easat-9970	310	16	but	but	CCONJ
easat-9970	310	17	more	more	ADV
easat-9970	310	18	recent	recent	ADJ
easat-9970	310	19	studies	study	NOUN
easat-9970	310	20	have	have	AUX
easat-9970	310	21	shifted	shift	VERB
easat-9970	310	22	attention	attention	NOUN
easat-9970	310	23	to	to	ADP
easat-9970	310	24	their	their	PRON
easat-9970	310	25	potential	potential	NOUN
easat-9970	310	26	as	as	ADP
easat-9970	310	27	a	a	DET
easat-9970	310	28	component	component	NOUN
easat-9970	310	29	of	of	ADP
easat-9970	310	30	corporate	corporate	ADJ
easat-9970	310	31	balance	balance	NOUN
easat-9970	310	32	sheets	sheet	NOUN
easat-9970	310	33	.	.	PUNCT
easat-9970	311	1	the	the	DET
easat-9970	311	2	integration	integration	NOUN
easat-9970	311	3	of	of	ADP
easat-9970	311	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	311	5	can	can	AUX
easat-9970	311	6	be	be	AUX
easat-9970	311	7	seen	see	VERB
easat-9970	311	8	as	as	ADP
easat-9970	311	9	an	an	DET
easat-9970	311	10	attempt	attempt	NOUN
easat-9970	311	11	to	to	PART
easat-9970	311	12	enhance	enhance	VERB
easat-9970	311	13	portfolio	portfolio	NOUN
easat-9970	311	14	diversification	diversification	NOUN
easat-9970	311	15	,	,	PUNCT
easat-9970	311	16	hedge	hedge	VERB
easat-9970	311	17	against	against	ADP
easat-9970	311	18	traditional	traditional	ADJ
easat-9970	311	19	market	market	NOUN
easat-9970	311	20	risks	risk	NOUN
easat-9970	311	21	,	,	PUNCT
easat-9970	311	22	and	and	CCONJ
easat-9970	311	23	leverage	leverage	NOUN
easat-9970	311	24	potential	potential	ADJ
easat-9970	311	25	high	high	ADJ
easat-9970	311	26	returns	return	NOUN
easat-9970	311	27	in	in	ADP
easat-9970	311	28	emerging	emerge	VERB
easat-9970	311	29	markets	market	NOUN
easat-9970	312	1	[	[	X
easat-9970	312	2	20	20	NUM
easat-9970	312	3	]	]	PUNCT
easat-9970	312	4	.	.	PUNCT
easat-9970	313	1	given	give	VERB
easat-9970	313	2	the	the	DET
easat-9970	313	3	increasing	increase	VERB
easat-9970	313	4	trend	trend	NOUN
easat-9970	313	5	of	of	ADP
easat-9970	313	6	digital	digital	ADJ
easat-9970	313	7	asset	asset	NOUN
easat-9970	313	8	adoption	adoption	NOUN
easat-9970	313	9	,	,	PUNCT
easat-9970	313	10	this	this	DET
easat-9970	313	11	study	study	NOUN
easat-9970	313	12	was	be	AUX
easat-9970	313	13	motivated	motivate	VERB
easat-9970	313	14	by	by	ADP
easat-9970	313	15	the	the	DET
easat-9970	313	16	need	need	NOUN
easat-9970	313	17	to	to	PART
easat-9970	313	18	understand	understand	VERB
easat-9970	313	19	how	how	SCONJ
easat-9970	313	20	cryptocurrency	cryptocurrency	NOUN
easat-9970	313	21	ownership	ownership	NOUN
easat-9970	313	22	impacts	impact	VERB
easat-9970	313	23	corporate	corporate	ADJ
easat-9970	313	24	risk	risk	NOUN
easat-9970	313	25	.	.	PUNCT
easat-9970	314	1	specifically	specifically	ADV
easat-9970	314	2	,	,	PUNCT
easat-9970	314	3	we	we	PRON
easat-9970	314	4	operationalized	operationalize	VERB
easat-9970	314	5	cryptocurrency	cryptocurrency	NOUN
easat-9970	314	6	exposure	exposure	NOUN
easat-9970	314	7	through	through	ADP
easat-9970	314	8	the	the	DET
easat-9970	314	9	digital	digital	ADJ
easat-9970	314	10	assets	asset	NOUN
easat-9970	314	11	to	to	PART
easat-9970	314	12	balance	balance	VERB
easat-9970	314	13	sheet	sheet	NOUN
easat-9970	314	14	ratio	ratio	NOUN
easat-9970	314	15	and	and	CCONJ
easat-9970	314	16	evaluated	evaluate	VERB
easat-9970	314	17	its	its	PRON
easat-9970	314	18	influence	influence	NOUN
easat-9970	314	19	on	on	ADP
easat-9970	314	20	volatility	volatility	NOUN
easat-9970	314	21	performance	performance	NOUN
easat-9970	314	22	.	.	PUNCT
easat-9970	315	1	the	the	DET
easat-9970	315	2	research	research	NOUN
easat-9970	315	3	hypothesis	hypothesis	NOUN
easat-9970	315	4	posits	posit	NOUN
easat-9970	315	5	that	that	SCONJ
easat-9970	315	6	higher	high	ADJ
easat-9970	315	7	cryptocurrency	cryptocurrency	NOUN
easat-9970	315	8	ownership	ownership	NOUN
easat-9970	315	9	is	be	AUX
easat-9970	315	10	associated	associate	VERB
easat-9970	315	11	with	with	ADP
easat-9970	315	12	increased	increase	VERB
easat-9970	315	13	volatility	volatility	NOUN
easat-9970	315	14	;	;	PUNCT
easat-9970	315	15	however	however	ADV
easat-9970	315	16	,	,	PUNCT
easat-9970	315	17	this	this	DET
easat-9970	315	18	effect	effect	NOUN
easat-9970	315	19	is	be	AUX
easat-9970	315	20	not	not	PART
easat-9970	315	21	uniform	uniform	ADJ
easat-9970	315	22	across	across	ADP
easat-9970	315	23	firms	firm	NOUN
easat-9970	315	24	.	.	PUNCT
easat-9970	316	1	instead	instead	ADV
easat-9970	316	2	,	,	PUNCT
easat-9970	316	3	the	the	DET
easat-9970	316	4	impact	impact	NOUN
easat-9970	316	5	is	be	AUX
easat-9970	316	6	conditional	conditional	ADJ
easat-9970	316	7	upon	upon	SCONJ
easat-9970	316	8	external	external	ADJ
easat-9970	316	9	market	market	NOUN
easat-9970	316	10	exposure	exposure	NOUN
easat-9970	316	11	and	and	CCONJ
easat-9970	316	12	internal	internal	ADJ
easat-9970	316	13	financial	financial	ADJ
easat-9970	316	14	robustness	robustness	NOUN
easat-9970	316	15	.	.	PUNCT
easat-9970	317	1	this	this	DET
easat-9970	317	2	study	study	NOUN
easat-9970	317	3	empirical	empirical	ADJ
easat-9970	317	4	analysis	analysis	NOUN
easat-9970	317	5	of	of	ADP
easat-9970	317	6	public	public	ADJ
easat-9970	317	7	companies	company	NOUN
easat-9970	317	8	in	in	ADP
easat-9970	317	9	the	the	DET
easat-9970	317	10	united	united	PROPN
easat-9970	317	11	states	states	PROPN
easat-9970	317	12	reveals	reveal	VERB
easat-9970	317	13	a	a	DET
easat-9970	317	14	nuanced	nuanced	ADJ
easat-9970	317	15	relationship	relationship	NOUN
easat-9970	317	16	between	between	ADP
easat-9970	317	17	cryptocurrency	cryptocurrency	NOUN
easat-9970	317	18	ownership	ownership	NOUN
easat-9970	317	19	and	and	CCONJ
easat-9970	317	20	corporate	corporate	ADJ
easat-9970	317	21	volatility	volatility	NOUN
easat-9970	317	22	performance	performance	NOUN
easat-9970	317	23	.	.	PUNCT
easat-9970	318	1	the	the	DET
easat-9970	318	2	findings	finding	NOUN
easat-9970	318	3	indicate	indicate	VERB
easat-9970	318	4	that	that	SCONJ
easat-9970	318	5	an	an	DET
easat-9970	318	6	elevated	elevated	ADJ
easat-9970	318	7	digital	digital	ADJ
easat-9970	318	8	assets	asset	NOUN
easat-9970	318	9	to	to	PART
easat-9970	318	10	balance	balance	VERB
easat-9970	318	11	sheet	sheet	NOUN
easat-9970	318	12	ratio	ratio	NOUN
easat-9970	318	13	generally	generally	ADV
easat-9970	318	14	corresponds	correspond	VERB
easat-9970	318	15	with	with	ADP
easat-9970	318	16	increased	increase	VERB
easat-9970	318	17	volatility	volatility	NOUN
easat-9970	318	18	,	,	PUNCT
easat-9970	318	19	as	as	SCONJ
easat-9970	318	20	captured	capture	VERB
easat-9970	318	21	by	by	ADP
easat-9970	318	22	the	the	DET
easat-9970	318	23	standard	standard	ADJ
easat-9970	318	24	deviation	deviation	NOUN
easat-9970	318	25	of	of	ADP
easat-9970	318	26	stock	stock	NOUN
easat-9970	318	27	returns	return	NOUN
easat-9970	318	28	.	.	PUNCT
easat-9970	319	1	although	although	SCONJ
easat-9970	319	2	not	not	PART
easat-9970	319	3	significant	significant	ADJ
easat-9970	319	4	,	,	PUNCT
easat-9970	319	5	firms	firm	NOUN
easat-9970	319	6	with	with	ADP
easat-9970	319	7	high	high	ADJ
easat-9970	319	8	corporate	corporate	ADJ
easat-9970	319	9	beta	beta	NOUN
easat-9970	319	10	—	—	PUNCT
easat-9970	319	11	an	an	DET
easat-9970	319	12	indicator	indicator	NOUN
easat-9970	319	13	of	of	ADP
easat-9970	319	14	heightened	heightened	ADJ
easat-9970	319	15	sensitivity	sensitivity	NOUN
easat-9970	319	16	to	to	ADP
easat-9970	319	17	market	market	NOUN
easat-9970	319	18	movements	movement	NOUN
easat-9970	319	19	—	—	PUNCT
easat-9970	319	20	tend	tend	VERB
easat-9970	319	21	to	to	PART
easat-9970	319	22	diminish	diminish	VERB
easat-9970	319	23	volatility	volatility	NOUN
easat-9970	319	24	effects	effect	NOUN
easat-9970	319	25	when	when	SCONJ
easat-9970	319	26	they	they	PRON
easat-9970	319	27	hold	hold	VERB
easat-9970	319	28	significant	significant	ADJ
easat-9970	319	29	digital	digital	ADJ
easat-9970	319	30	assets	asset	NOUN
easat-9970	319	31	.	.	PUNCT
easat-9970	320	1	this	this	PRON
easat-9970	320	2	contradicts	contradict	VERB
easat-9970	320	3	existing	exist	VERB
easat-9970	320	4	research	research	NOUN
easat-9970	320	5	that	that	PRON
easat-9970	320	6	firms	firm	NOUN
easat-9970	320	7	767	767	NUM
easat-9970	320	8	edelweiss	edelweiss	PROPN
easat-9970	320	9	applied	apply	VERB
easat-9970	320	10	science	science	NOUN
easat-9970	320	11	and	and	CCONJ
easat-9970	320	12	technology	technology	NOUN
easat-9970	320	13	issn	issn	PROPN
easat-9970	320	14	:	:	PUNCT
easat-9970	320	15	2576	2576	NUM
easat-9970	320	16	-	-	SYM
easat-9970	320	17	8484	8484	NUM
easat-9970	320	18	vol	vol	NOUN
easat-9970	320	19	.	.	PROPN
easat-9970	321	1	9	9	NUM
easat-9970	321	2	,	,	PUNCT
easat-9970	321	3	no	no	INTJ
easat-9970	321	4	.	.	NOUN
easat-9970	321	5	9	9	NUM
easat-9970	321	6	:	:	SYM
easat-9970	321	7	756	756	NUM
easat-9970	321	8	-	-	SYM
easat-9970	321	9	769	769	NUM
easat-9970	321	10	,	,	PUNCT
easat-9970	321	11	2025	2025	NUM
easat-9970	321	12	doi	doi	NOUN
easat-9970	321	13	:	:	PUNCT
easat-9970	321	14	10.55214/2576	10.55214/2576	NUM
easat-9970	321	15	-	-	NUM
easat-9970	321	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	322	1	©	©	PROPN
easat-9970	322	2	2025	2025	NUM
easat-9970	322	3	by	by	ADP
easat-9970	322	4	the	the	DET
easat-9970	322	5	authors	author	NOUN
easat-9970	322	6	;	;	PUNCT
easat-9970	322	7	licensee	licensee	PROPN
easat-9970	322	8	learning	learning	NOUN
easat-9970	322	9	gate	gate	NOUN
easat-9970	322	10	with	with	ADP
easat-9970	322	11	high	high	ADJ
easat-9970	322	12	corporate	corporate	ADJ
easat-9970	322	13	beta	beta	NOUN
easat-9970	322	14	—	—	PUNCT
easat-9970	322	15	an	an	DET
easat-9970	322	16	indicator	indicator	NOUN
easat-9970	322	17	of	of	ADP
easat-9970	322	18	heightened	heightened	ADJ
easat-9970	322	19	sensitivity	sensitivity	NOUN
easat-9970	322	20	to	to	ADP
easat-9970	322	21	market	market	NOUN
easat-9970	322	22	movements	movement	NOUN
easat-9970	322	23	—	—	PUNCT
easat-9970	322	24	tend	tend	VERB
easat-9970	322	25	to	to	PART
easat-9970	322	26	experience	experience	VERB
easat-9970	322	27	amplified	amplify	VERB
easat-9970	322	28	volatility	volatility	NOUN
easat-9970	322	29	effects	effect	NOUN
easat-9970	322	30	when	when	SCONJ
easat-9970	322	31	they	they	PRON
easat-9970	322	32	hold	hold	VERB
easat-9970	322	33	significant	significant	ADJ
easat-9970	322	34	digital	digital	ADJ
easat-9970	322	35	assets	asset	NOUN
easat-9970	322	36	[	[	X
easat-9970	322	37	32	32	NUM
easat-9970	322	38	]	]	PUNCT
easat-9970	322	39	.	.	PUNCT
easat-9970	323	1	moreover	moreover	ADV
easat-9970	323	2	,	,	PUNCT
easat-9970	323	3	the	the	DET
easat-9970	323	4	study	study	NOUN
easat-9970	323	5	finds	find	VERB
easat-9970	323	6	that	that	SCONJ
easat-9970	323	7	robust	robust	ADJ
easat-9970	323	8	internal	internal	ADJ
easat-9970	323	9	financial	financial	ADJ
easat-9970	323	10	conditions	condition	NOUN
easat-9970	323	11	,	,	PUNCT
easat-9970	323	12	measured	measure	VERB
easat-9970	323	13	by	by	ADP
easat-9970	323	14	roa	roa	PROPN
easat-9970	323	15	,	,	PUNCT
easat-9970	323	16	can	can	AUX
easat-9970	323	17	mitigate	mitigate	VERB
easat-9970	323	18	the	the	DET
easat-9970	323	19	adverse	adverse	ADJ
easat-9970	323	20	effects	effect	NOUN
easat-9970	323	21	of	of	ADP
easat-9970	323	22	cryptocurrency	cryptocurrency	NOUN
easat-9970	323	23	-	-	PUNCT
easat-9970	323	24	induced	induce	VERB
easat-9970	323	25	volatility	volatility	NOUN
easat-9970	323	26	.	.	PUNCT
easat-9970	324	1	firms	firm	NOUN
easat-9970	324	2	that	that	PRON
easat-9970	324	3	demonstrate	demonstrate	VERB
easat-9970	324	4	strong	strong	ADJ
easat-9970	324	5	profitability	profitability	NOUN
easat-9970	324	6	metrics	metric	NOUN
easat-9970	324	7	are	be	AUX
easat-9970	324	8	better	well	ADV
easat-9970	324	9	positioned	positioned	ADJ
easat-9970	324	10	to	to	PART
easat-9970	324	11	absorb	absorb	VERB
easat-9970	324	12	the	the	DET
easat-9970	324	13	shocks	shock	NOUN
easat-9970	324	14	associated	associate	VERB
easat-9970	324	15	with	with	ADP
easat-9970	324	16	digital	digital	ADJ
easat-9970	324	17	asset	asset	NOUN
easat-9970	324	18	price	price	NOUN
easat-9970	324	19	fluctuations	fluctuation	NOUN
easat-9970	324	20	.	.	PUNCT
easat-9970	325	1	this	this	PRON
easat-9970	325	2	suggests	suggest	VERB
easat-9970	325	3	that	that	SCONJ
easat-9970	325	4	sound	sound	VERB
easat-9970	325	5	internal	internal	ADJ
easat-9970	325	6	management	management	NOUN
easat-9970	325	7	practices	practice	NOUN
easat-9970	325	8	and	and	CCONJ
easat-9970	325	9	financial	financial	ADJ
easat-9970	325	10	health	health	NOUN
easat-9970	325	11	play	play	VERB
easat-9970	325	12	a	a	DET
easat-9970	325	13	critical	critical	ADJ
easat-9970	325	14	role	role	NOUN
easat-9970	325	15	in	in	ADP
easat-9970	325	16	moderating	moderate	VERB
easat-9970	325	17	the	the	DET
easat-9970	325	18	risks	risk	NOUN
easat-9970	325	19	posed	pose	VERB
easat-9970	325	20	by	by	ADP
easat-9970	325	21	volatile	volatile	ADJ
easat-9970	325	22	digital	digital	ADJ
easat-9970	325	23	assets	asset	NOUN
easat-9970	325	24	[	[	X
easat-9970	325	25	20	20	NUM
easat-9970	325	26	]	]	PUNCT
easat-9970	325	27	.	.	PUNCT
easat-9970	326	1	liquidity	liquidity	NOUN
easat-9970	326	2	crisis	crisis	NOUN
easat-9970	326	3	,	,	PUNCT
easat-9970	326	4	as	as	SCONJ
easat-9970	326	5	assessed	assess	VERB
easat-9970	326	6	by	by	ADP
easat-9970	326	7	the	the	DET
easat-9970	326	8	current	current	ADJ
easat-9970	326	9	ratio	ratio	NOUN
easat-9970	326	10	,	,	PUNCT
easat-9970	326	11	also	also	ADV
easat-9970	326	12	emerges	emerge	VERB
easat-9970	326	13	as	as	ADP
easat-9970	326	14	a	a	DET
easat-9970	326	15	crucial	crucial	ADJ
easat-9970	326	16	moderating	moderating	NOUN
easat-9970	326	17	factor	factor	NOUN
easat-9970	326	18	.	.	PUNCT
easat-9970	327	1	when	when	SCONJ
easat-9970	327	2	a	a	DET
easat-9970	327	3	company	company	NOUN
easat-9970	327	4	experiences	experience	VERB
easat-9970	327	5	liquidity	liquidity	NOUN
easat-9970	327	6	pressure	pressure	NOUN
easat-9970	327	7	such	such	ADJ
easat-9970	327	8	as	as	ADP
easat-9970	327	9	cash	cash	NOUN
easat-9970	327	10	shortages	shortage	NOUN
easat-9970	327	11	to	to	PART
easat-9970	327	12	meet	meet	VERB
easat-9970	327	13	short	short	ADJ
easat-9970	327	14	-	-	PUNCT
easat-9970	327	15	term	term	NOUN
easat-9970	327	16	obligations	obligation	NOUN
easat-9970	327	17	—	—	PUNCT
easat-9970	327	18	it	it	PRON
easat-9970	327	19	creates	create	VERB
easat-9970	327	20	market	market	NOUN
easat-9970	327	21	uncertainty	uncertainty	NOUN
easat-9970	327	22	.	.	PUNCT
easat-9970	328	1	this	this	PRON
easat-9970	328	2	leads	lead	VERB
easat-9970	328	3	to	to	ADP
easat-9970	328	4	greater	great	ADJ
easat-9970	328	5	fluctuations	fluctuation	NOUN
easat-9970	328	6	,	,	PUNCT
easat-9970	328	7	as	as	SCONJ
easat-9970	328	8	investors	investor	NOUN
easat-9970	328	9	demand	demand	VERB
easat-9970	328	10	higher	high	ADJ
easat-9970	328	11	risk	risk	NOUN
easat-9970	328	12	premiums	premium	NOUN
easat-9970	328	13	to	to	PART
easat-9970	328	14	compensate	compensate	VERB
easat-9970	328	15	for	for	ADP
easat-9970	328	16	liquidity	liquidity	NOUN
easat-9970	328	17	shortages	shortage	NOUN
easat-9970	328	18	.	.	PUNCT
easat-9970	329	1	findings	finding	NOUN
easat-9970	329	2	by	by	ADP
easat-9970	329	3	amihud	amihud	PROPN
easat-9970	330	1	[	[	X
easat-9970	330	2	37	37	NUM
easat-9970	330	3	]	]	PUNCT
easat-9970	330	4	indicate	indicate	VERB
easat-9970	330	5	that	that	SCONJ
easat-9970	330	6	high	high	ADJ
easat-9970	330	7	illiquidity	illiquidity	NOUN
easat-9970	330	8	levels	level	NOUN
easat-9970	330	9	are	be	AUX
easat-9970	330	10	associated	associate	VERB
easat-9970	330	11	with	with	ADP
easat-9970	330	12	increased	increase	VERB
easat-9970	330	13	volatility	volatility	NOUN
easat-9970	330	14	,	,	PUNCT
easat-9970	330	15	as	as	SCONJ
easat-9970	330	16	liquidity	liquidity	NOUN
easat-9970	330	17	shortages	shortage	NOUN
easat-9970	330	18	heighten	heighten	VERB
easat-9970	330	19	transaction	transaction	NOUN
easat-9970	330	20	risks	risk	NOUN
easat-9970	330	21	and	and	CCONJ
easat-9970	330	22	price	price	NOUN
easat-9970	330	23	instability	instability	NOUN
easat-9970	330	24	.	.	PUNCT
easat-9970	331	1	furthermore	furthermore	ADV
easat-9970	331	2	,	,	PUNCT
easat-9970	331	3	research	research	NOUN
easat-9970	331	4	by	by	ADP
easat-9970	331	5	brunnermeier	brunnermeier	NOUN
easat-9970	331	6	and	and	CCONJ
easat-9970	331	7	pedersen	pedersen	PROPN
easat-9970	331	8	[	[	X
easat-9970	331	9	36	36	NUM
easat-9970	331	10	]	]	PUNCT
easat-9970	331	11	suggested	suggest	VERB
easat-9970	331	12	that	that	SCONJ
easat-9970	331	13	liquidity	liquidity	NOUN
easat-9970	331	14	pressure	pressure	NOUN
easat-9970	331	15	not	not	PART
easat-9970	331	16	only	only	ADV
easat-9970	331	17	worsens	worsen	VERB
easat-9970	331	18	market	market	NOUN
easat-9970	331	19	conditions	condition	NOUN
easat-9970	331	20	but	but	CCONJ
easat-9970	331	21	also	also	ADV
easat-9970	331	22	amplifies	amplify	VERB
easat-9970	331	23	risk	risk	NOUN
easat-9970	331	24	and	and	CCONJ
easat-9970	331	25	instability	instability	NOUN
easat-9970	331	26	,	,	PUNCT
easat-9970	331	27	thereby	thereby	ADV
easat-9970	331	28	positively	positively	ADV
easat-9970	331	29	impacting	impact	VERB
easat-9970	331	30	corporate	corporate	ADJ
easat-9970	331	31	performance	performance	NOUN
easat-9970	331	32	volatility	volatility	NOUN
easat-9970	331	33	.	.	PUNCT
easat-9970	332	1	thus	thus	ADV
easat-9970	332	2	,	,	PUNCT
easat-9970	332	3	companies	company	NOUN
easat-9970	332	4	facing	face	VERB
easat-9970	332	5	significant	significant	ADJ
easat-9970	332	6	liquidity	liquidity	NOUN
easat-9970	332	7	crises	crisis	NOUN
easat-9970	332	8	tend	tend	VERB
easat-9970	332	9	to	to	PART
easat-9970	332	10	exhibit	exhibit	VERB
easat-9970	332	11	higher	high	ADJ
easat-9970	332	12	performance	performance	NOUN
easat-9970	332	13	volatility	volatility	NOUN
easat-9970	332	14	,	,	PUNCT
easat-9970	332	15	reflecting	reflect	VERB
easat-9970	332	16	market	market	NOUN
easat-9970	332	17	responses	response	NOUN
easat-9970	332	18	to	to	ADP
easat-9970	332	19	financial	financial	ADJ
easat-9970	332	20	instability	instability	NOUN
easat-9970	332	21	and	and	CCONJ
easat-9970	332	22	disrupted	disrupt	VERB
easat-9970	332	23	cash	cash	NOUN
easat-9970	332	24	flow	flow	NOUN
easat-9970	332	25	.	.	PUNCT
easat-9970	333	1	a	a	DET
easat-9970	333	2	key	key	ADJ
easat-9970	333	3	contribution	contribution	NOUN
easat-9970	333	4	of	of	ADP
easat-9970	333	5	this	this	DET
easat-9970	333	6	study	study	NOUN
easat-9970	333	7	is	be	AUX
easat-9970	333	8	its	its	PRON
easat-9970	333	9	detailed	detailed	ADJ
easat-9970	333	10	examination	examination	NOUN
easat-9970	333	11	of	of	ADP
easat-9970	333	12	the	the	DET
easat-9970	333	13	moderating	moderate	VERB
easat-9970	333	14	roles	role	NOUN
easat-9970	333	15	of	of	ADP
easat-9970	333	16	external	external	ADJ
easat-9970	333	17	and	and	CCONJ
easat-9970	333	18	internal	internal	ADJ
easat-9970	333	19	financial	financial	ADJ
easat-9970	333	20	conditions	condition	NOUN
easat-9970	333	21	on	on	ADP
easat-9970	333	22	the	the	DET
easat-9970	333	23	relationship	relationship	NOUN
easat-9970	333	24	between	between	ADP
easat-9970	333	25	cryptocurrency	cryptocurrency	NOUN
easat-9970	333	26	ownership	ownership	NOUN
easat-9970	333	27	and	and	CCONJ
easat-9970	333	28	corporate	corporate	ADJ
easat-9970	333	29	volatility	volatility	NOUN
easat-9970	333	30	.	.	PUNCT
easat-9970	334	1	the	the	DET
easat-9970	334	2	findings	finding	NOUN
easat-9970	334	3	suggest	suggest	VERB
easat-9970	334	4	that	that	SCONJ
easat-9970	334	5	external	external	ADJ
easat-9970	334	6	market	market	NOUN
easat-9970	334	7	conditions	condition	NOUN
easat-9970	334	8	,	,	PUNCT
easat-9970	334	9	as	as	SCONJ
easat-9970	334	10	captured	capture	VERB
easat-9970	334	11	by	by	ADP
easat-9970	334	12	corporate	corporate	ADJ
easat-9970	334	13	beta	beta	NOUN
easat-9970	334	14	,	,	PUNCT
easat-9970	334	15	serve	serve	VERB
easat-9970	334	16	as	as	ADP
easat-9970	334	17	a	a	DET
easat-9970	334	18	declining	decline	VERB
easat-9970	334	19	factor	factor	NOUN
easat-9970	334	20	.	.	PUNCT
easat-9970	335	1	this	this	PRON
easat-9970	335	2	is	be	AUX
easat-9970	335	3	different	different	ADJ
easat-9970	335	4	from	from	ADP
easat-9970	335	5	what	what	PRON
easat-9970	335	6	it	it	PRON
easat-9970	335	7	should	should	AUX
easat-9970	335	8	be	be	AUX
easat-9970	335	9	where	where	SCONJ
easat-9970	335	10	the	the	DET
easat-9970	335	11	companies	company	NOUN
easat-9970	335	12	with	with	ADP
easat-9970	335	13	higher	high	ADJ
easat-9970	335	14	beta	beta	ADJ
easat-9970	335	15	coefficients	coefficient	NOUN
easat-9970	335	16	are	be	AUX
easat-9970	335	17	generally	generally	ADV
easat-9970	335	18	more	more	ADV
easat-9970	335	19	exposed	expose	VERB
easat-9970	335	20	to	to	ADP
easat-9970	335	21	market	market	NOUN
easat-9970	335	22	risk	risk	NOUN
easat-9970	335	23	,	,	PUNCT
easat-9970	335	24	and	and	CCONJ
easat-9970	335	25	when	when	SCONJ
easat-9970	335	26	coupled	couple	VERB
easat-9970	335	27	with	with	ADP
easat-9970	335	28	high	high	ADJ
easat-9970	335	29	cryptocurrency	cryptocurrency	NOUN
easat-9970	335	30	exposure	exposure	NOUN
easat-9970	335	31	,	,	PUNCT
easat-9970	335	32	their	their	PRON
easat-9970	335	33	volatility	volatility	NOUN
easat-9970	335	34	performance	performance	NOUN
easat-9970	335	35	deteriorates	deteriorate	VERB
easat-9970	335	36	markedly	markedly	ADV
easat-9970	335	37	.	.	PUNCT
easat-9970	336	1	recent	recent	ADJ
easat-9970	336	2	research	research	NOUN
easat-9970	336	3	emphasizes	emphasize	VERB
easat-9970	336	4	that	that	SCONJ
easat-9970	336	5	the	the	DET
easat-9970	336	6	interplay	interplay	NOUN
easat-9970	336	7	between	between	ADP
easat-9970	336	8	market	market	NOUN
easat-9970	336	9	exposure	exposure	NOUN
easat-9970	336	10	and	and	CCONJ
easat-9970	336	11	asset	asset	NOUN
easat-9970	336	12	-	-	PUNCT
easat-9970	336	13	specific	specific	ADJ
easat-9970	336	14	risks	risk	NOUN
easat-9970	336	15	in	in	ADP
easat-9970	336	16	determining	determine	VERB
easat-9970	336	17	overall	overall	ADJ
easat-9970	336	18	firm	firm	ADJ
easat-9970	336	19	risk	risk	NOUN
easat-9970	336	20	[	[	X
easat-9970	336	21	38	38	NUM
easat-9970	336	22	]	]	PUNCT
easat-9970	336	23	.	.	PUNCT
easat-9970	337	1	in	in	ADP
easat-9970	337	2	contrast	contrast	NOUN
easat-9970	337	3	,	,	PUNCT
easat-9970	337	4	internal	internal	ADJ
easat-9970	337	5	financial	financial	ADJ
easat-9970	337	6	strength	strength	NOUN
easat-9970	337	7	,	,	PUNCT
easat-9970	337	8	reflected	reflect	VERB
easat-9970	337	9	in	in	ADP
easat-9970	337	10	a	a	DET
easat-9970	337	11	firm	firm	NOUN
easat-9970	337	12	’s	’s	PART
easat-9970	337	13	roa	roa	NOUN
easat-9970	337	14	,	,	PUNCT
easat-9970	337	15	appears	appear	VERB
easat-9970	337	16	to	to	PART
easat-9970	337	17	provide	provide	VERB
easat-9970	337	18	a	a	DET
easat-9970	337	19	buffering	buffering	NOUN
easat-9970	337	20	effect	effect	NOUN
easat-9970	337	21	.	.	PUNCT
easat-9970	338	1	firms	firm	NOUN
easat-9970	338	2	with	with	ADP
easat-9970	338	3	superior	superior	ADJ
easat-9970	338	4	internal	internal	ADJ
easat-9970	338	5	profitability	profitability	NOUN
easat-9970	338	6	are	be	AUX
easat-9970	338	7	more	more	ADV
easat-9970	338	8	resilient	resilient	ADJ
easat-9970	338	9	to	to	ADP
easat-9970	338	10	external	external	ADJ
easat-9970	338	11	shocks	shock	NOUN
easat-9970	338	12	and	and	CCONJ
easat-9970	338	13	better	well	ADV
easat-9970	338	14	able	able	ADJ
easat-9970	338	15	to	to	PART
easat-9970	338	16	capitalize	capitalize	VERB
easat-9970	338	17	on	on	ADP
easat-9970	338	18	potential	potential	ADJ
easat-9970	338	19	upsides	upside	NOUN
easat-9970	338	20	from	from	ADP
easat-9970	338	21	digital	digital	ADJ
easat-9970	338	22	asset	asset	NOUN
easat-9970	338	23	investments	investment	NOUN
easat-9970	338	24	.	.	PUNCT
easat-9970	339	1	this	this	DET
easat-9970	339	2	resilience	resilience	NOUN
easat-9970	339	3	is	be	AUX
easat-9970	339	4	critical	critical	ADJ
easat-9970	339	5	,	,	PUNCT
easat-9970	339	6	as	as	SCONJ
easat-9970	339	7	it	it	PRON
easat-9970	339	8	underscores	underscore	VERB
easat-9970	339	9	the	the	DET
easat-9970	339	10	importance	importance	NOUN
easat-9970	339	11	of	of	ADP
easat-9970	339	12	maintaining	maintain	VERB
easat-9970	339	13	robust	robust	ADJ
easat-9970	339	14	internal	internal	ADJ
easat-9970	339	15	financial	financial	ADJ
easat-9970	339	16	conditions	condition	NOUN
easat-9970	339	17	to	to	PART
easat-9970	339	18	counterbalance	counterbalance	VERB
easat-9970	339	19	the	the	DET
easat-9970	339	20	inherent	inherent	ADJ
easat-9970	339	21	risks	risk	NOUN
easat-9970	339	22	of	of	ADP
easat-9970	339	23	volatile	volatile	ADJ
easat-9970	339	24	digital	digital	ADJ
easat-9970	339	25	assets	asset	NOUN
easat-9970	339	26	[	[	X
easat-9970	339	27	31	31	NUM
easat-9970	339	28	]	]	PUNCT
easat-9970	339	29	.	.	PUNCT
easat-9970	340	1	furthermore	furthermore	ADV
easat-9970	340	2	,	,	PUNCT
easat-9970	340	3	companies	company	NOUN
easat-9970	340	4	facing	face	VERB
easat-9970	340	5	significant	significant	ADJ
easat-9970	340	6	liquidity	liquidity	NOUN
easat-9970	340	7	crises	crisis	NOUN
easat-9970	340	8	tend	tend	VERB
easat-9970	340	9	to	to	PART
easat-9970	340	10	exhibit	exhibit	VERB
easat-9970	340	11	higher	high	ADJ
easat-9970	340	12	performance	performance	NOUN
easat-9970	340	13	volatility	volatility	NOUN
easat-9970	340	14	,	,	PUNCT
easat-9970	340	15	reflecting	reflect	VERB
easat-9970	340	16	market	market	NOUN
easat-9970	340	17	responses	response	NOUN
easat-9970	340	18	to	to	ADP
easat-9970	340	19	financial	financial	ADJ
easat-9970	340	20	instability	instability	NOUN
easat-9970	340	21	and	and	CCONJ
easat-9970	340	22	disrupted	disrupt	VERB
easat-9970	340	23	cash	cash	NOUN
easat-9970	340	24	flow	flow	NOUN
easat-9970	340	25	.	.	PUNCT
easat-9970	341	1	these	these	DET
easat-9970	341	2	findings	finding	NOUN
easat-9970	341	3	highlight	highlight	VERB
easat-9970	341	4	the	the	DET
easat-9970	341	5	importance	importance	NOUN
easat-9970	341	6	of	of	ADP
easat-9970	341	7	effective	effective	ADJ
easat-9970	341	8	liquidity	liquidity	NOUN
easat-9970	341	9	management	management	NOUN
easat-9970	341	10	strategies	strategy	NOUN
easat-9970	341	11	and	and	CCONJ
easat-9970	341	12	risk	risk	NOUN
easat-9970	341	13	mitigation	mitigation	NOUN
easat-9970	341	14	for	for	ADP
easat-9970	341	15	companies	company	NOUN
easat-9970	341	16	with	with	ADP
easat-9970	341	17	significant	significant	ADJ
easat-9970	341	18	exposure	exposure	NOUN
easat-9970	341	19	to	to	PART
easat-9970	341	20	cryptocurrency	cryptocurrency	NOUN
easat-9970	341	21	[	[	X
easat-9970	341	22	36	36	NUM
easat-9970	341	23	]	]	PUNCT
easat-9970	341	24	.	.	PUNCT
easat-9970	342	1	the	the	DET
easat-9970	342	2	integration	integration	NOUN
easat-9970	342	3	of	of	ADP
easat-9970	342	4	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	342	5	into	into	ADP
easat-9970	342	6	corporate	corporate	ADJ
easat-9970	342	7	balance	balance	NOUN
easat-9970	342	8	sheets	sheet	NOUN
easat-9970	342	9	has	have	VERB
easat-9970	342	10	significant	significant	ADJ
easat-9970	342	11	strategic	strategic	ADJ
easat-9970	342	12	implications	implication	NOUN
easat-9970	342	13	.	.	PUNCT
easat-9970	343	1	on	on	ADP
easat-9970	343	2	one	one	NUM
easat-9970	343	3	hand	hand	NOUN
easat-9970	343	4	,	,	PUNCT
easat-9970	343	5	the	the	DET
easat-9970	343	6	potential	potential	NOUN
easat-9970	343	7	for	for	ADP
easat-9970	343	8	high	high	ADJ
easat-9970	343	9	returns	return	NOUN
easat-9970	343	10	makes	make	VERB
easat-9970	343	11	digital	digital	ADJ
easat-9970	343	12	assets	asset	NOUN
easat-9970	343	13	an	an	DET
easat-9970	343	14	attractive	attractive	ADJ
easat-9970	343	15	option	option	NOUN
easat-9970	343	16	for	for	ADP
easat-9970	343	17	enhancing	enhance	VERB
easat-9970	343	18	corporate	corporate	ADJ
easat-9970	343	19	portfolios	portfolio	NOUN
easat-9970	343	20	.	.	PUNCT
easat-9970	344	1	on	on	ADP
easat-9970	344	2	the	the	DET
easat-9970	344	3	other	other	ADJ
easat-9970	344	4	hand	hand	NOUN
easat-9970	344	5	,	,	PUNCT
easat-9970	344	6	the	the	DET
easat-9970	344	7	increased	increase	VERB
easat-9970	344	8	volatility	volatility	NOUN
easat-9970	344	9	associated	associate	VERB
easat-9970	344	10	with	with	ADP
easat-9970	344	11	digital	digital	ADJ
easat-9970	344	12	asset	asset	NOUN
easat-9970	344	13	exposure	exposure	NOUN
easat-9970	344	14	necessitates	necessitate	VERB
easat-9970	344	15	a	a	DET
easat-9970	344	16	careful	careful	ADJ
easat-9970	344	17	balancing	balancing	NOUN
easat-9970	344	18	act	act	NOUN
easat-9970	344	19	.	.	PUNCT
easat-9970	345	1	corporate	corporate	ADJ
easat-9970	345	2	managers	manager	NOUN
easat-9970	345	3	must	must	AUX
easat-9970	345	4	ensure	ensure	VERB
easat-9970	345	5	that	that	SCONJ
easat-9970	345	6	they	they	PRON
easat-9970	345	7	not	not	PART
easat-9970	345	8	only	only	ADV
easat-9970	345	9	pursue	pursue	VERB
easat-9970	345	10	growth	growth	NOUN
easat-9970	345	11	opportunities	opportunity	NOUN
easat-9970	345	12	via	via	ADP
easat-9970	345	13	digital	digital	ADJ
easat-9970	345	14	asset	asset	NOUN
easat-9970	345	15	investments	investment	NOUN
easat-9970	345	16	but	but	CCONJ
easat-9970	345	17	also	also	ADV
easat-9970	345	18	implement	implement	VERB
easat-9970	345	19	robust	robust	ADJ
easat-9970	345	20	risk	risk	NOUN
easat-9970	345	21	management	management	NOUN
easat-9970	345	22	frameworks	framework	NOUN
easat-9970	345	23	that	that	PRON
easat-9970	345	24	address	address	VERB
easat-9970	345	25	both	both	CCONJ
easat-9970	345	26	external	external	ADJ
easat-9970	345	27	and	and	CCONJ
easat-9970	345	28	internal	internal	ADJ
easat-9970	345	29	financial	financial	ADJ
easat-9970	345	30	conditions	condition	NOUN
easat-9970	345	31	.	.	PUNCT
easat-9970	346	1	this	this	DET
easat-9970	346	2	study	study	NOUN
easat-9970	346	3	’s	’s	PART
easat-9970	346	4	findings	finding	NOUN
easat-9970	346	5	advocate	advocate	VERB
easat-9970	346	6	for	for	ADP
easat-9970	346	7	a	a	DET
easat-9970	346	8	dual	dual	ADJ
easat-9970	346	9	strategy	strategy	NOUN
easat-9970	346	10	.	.	PUNCT
easat-9970	347	1	first	first	ADV
easat-9970	347	2	,	,	PUNCT
easat-9970	347	3	firms	firm	NOUN
easat-9970	347	4	should	should	AUX
easat-9970	347	5	invest	invest	VERB
easat-9970	347	6	in	in	ADP
easat-9970	347	7	improving	improve	VERB
easat-9970	347	8	internal	internal	ADJ
easat-9970	347	9	financial	financial	ADJ
easat-9970	347	10	health	health	NOUN
easat-9970	347	11	—	—	PUNCT
easat-9970	347	12	through	through	ADP
easat-9970	347	13	measures	measure	NOUN
easat-9970	347	14	that	that	PRON
easat-9970	347	15	boost	boost	VERB
easat-9970	347	16	roa	roa	NOUN
easat-9970	347	17	and	and	CCONJ
easat-9970	347	18	ensure	ensure	VERB
easat-9970	347	19	adequate	adequate	ADJ
easat-9970	347	20	liquidity	liquidity	NOUN
easat-9970	347	21	—	—	PUNCT
easat-9970	347	22	to	to	PART
easat-9970	347	23	create	create	VERB
easat-9970	347	24	a	a	DET
easat-9970	347	25	buffer	buffer	NOUN
easat-9970	347	26	against	against	ADP
easat-9970	347	27	market	market	NOUN
easat-9970	347	28	volatility	volatility	NOUN
easat-9970	347	29	.	.	PUNCT
easat-9970	348	1	second	second	ADJ
easat-9970	348	2	,	,	PUNCT
easat-9970	348	3	a	a	DET
easat-9970	348	4	thorough	thorough	ADJ
easat-9970	348	5	assessment	assessment	NOUN
easat-9970	348	6	of	of	ADP
easat-9970	348	7	external	external	ADJ
easat-9970	348	8	market	market	NOUN
easat-9970	348	9	risks	risk	NOUN
easat-9970	348	10	,	,	PUNCT
easat-9970	348	11	particularly	particularly	ADV
easat-9970	348	12	through	through	ADP
easat-9970	348	13	the	the	DET
easat-9970	348	14	lens	lens	NOUN
easat-9970	348	15	of	of	ADP
easat-9970	348	16	corporate	corporate	ADJ
easat-9970	348	17	beta	beta	NOUN
easat-9970	348	18	,	,	PUNCT
easat-9970	348	19	should	should	AUX
easat-9970	348	20	inform	inform	VERB
easat-9970	348	21	decisions	decision	NOUN
easat-9970	348	22	about	about	ADP
easat-9970	348	23	the	the	DET
easat-9970	348	24	extent	extent	NOUN
easat-9970	348	25	of	of	ADP
easat-9970	348	26	digital	digital	ADJ
easat-9970	348	27	asset	asset	NOUN
easat-9970	348	28	exposure	exposure	NOUN
easat-9970	348	29	.	.	PUNCT
easat-9970	349	1	such	such	DET
easat-9970	349	2	an	an	DET
easat-9970	349	3	approach	approach	NOUN
easat-9970	349	4	will	will	AUX
easat-9970	349	5	help	help	VERB
easat-9970	349	6	firms	firm	NOUN
easat-9970	349	7	maximize	maximize	VERB
easat-9970	349	8	the	the	DET
easat-9970	349	9	potential	potential	ADJ
easat-9970	349	10	benefits	benefit	NOUN
easat-9970	349	11	of	of	ADP
easat-9970	349	12	cryptocurrency	cryptocurrency	NOUN
easat-9970	349	13	ownership	ownership	NOUN
easat-9970	349	14	while	while	SCONJ
easat-9970	349	15	minimizing	minimize	VERB
easat-9970	349	16	its	its	PRON
easat-9970	349	17	risks	risk	NOUN
easat-9970	349	18	[	[	X
easat-9970	349	19	38	38	NUM
easat-9970	349	20	]	]	PUNCT
easat-9970	349	21	.	.	PUNCT
easat-9970	350	1	despite	despite	SCONJ
easat-9970	350	2	the	the	DET
easat-9970	350	3	significant	significant	ADJ
easat-9970	350	4	contributions	contribution	NOUN
easat-9970	350	5	of	of	ADP
easat-9970	350	6	this	this	DET
easat-9970	350	7	study	study	NOUN
easat-9970	350	8	,	,	PUNCT
easat-9970	350	9	limitation	limitation	NOUN
easat-9970	350	10	must	must	AUX
easat-9970	350	11	be	be	AUX
easat-9970	350	12	acknowledged	acknowledge	VERB
easat-9970	350	13	.	.	PUNCT
easat-9970	351	1	cryptocurrency	cryptocurrency	NOUN
easat-9970	351	2	price	price	NOUN
easat-9970	351	3	fluctuations	fluctuation	NOUN
easat-9970	351	4	are	be	AUX
easat-9970	351	5	often	often	ADV
easat-9970	351	6	influenced	influence	VERB
easat-9970	351	7	by	by	ADP
easat-9970	351	8	market	market	NOUN
easat-9970	351	9	sentiment	sentiment	NOUN
easat-9970	351	10	and	and	CCONJ
easat-9970	351	11	investor	investor	NOUN
easat-9970	351	12	psychology	psychology	NOUN
easat-9970	351	13	,	,	PUNCT
easat-9970	351	14	which	which	PRON
easat-9970	351	15	were	be	AUX
easat-9970	351	16	not	not	PART
easat-9970	351	17	accounted	account	VERB
easat-9970	351	18	for	for	ADP
easat-9970	351	19	in	in	ADP
easat-9970	351	20	this	this	DET
easat-9970	351	21	research	research	NOUN
easat-9970	351	22	model	model	NOUN
easat-9970	351	23	.	.	PUNCT
easat-9970	352	1	future	future	ADJ
easat-9970	352	2	researchers	researcher	NOUN
easat-9970	352	3	can	can	AUX
easat-9970	352	4	add	add	VERB
easat-9970	352	5	other	other	ADJ
easat-9970	352	6	independent	independent	ADJ
easat-9970	352	7	variables	variable	NOUN
easat-9970	352	8	,	,	PUNCT
easat-9970	352	9	such	such	ADJ
easat-9970	352	10	as	as	ADP
easat-9970	352	11	market	market	NOUN
easat-9970	352	12	sentiment	sentiment	NOUN
easat-9970	352	13	factors	factor	NOUN
easat-9970	352	14	,	,	PUNCT
easat-9970	352	15	by	by	ADP
easat-9970	352	16	analyzing	analyze	VERB
easat-9970	352	17	social	social	ADJ
easat-9970	352	18	media	medium	NOUN
easat-9970	352	19	,	,	PUNCT
easat-9970	352	20	news	news	NOUN
easat-9970	352	21	,	,	PUNCT
easat-9970	352	22	or	or	CCONJ
easat-9970	352	23	investor	investor	NOUN
easat-9970	352	24	sentiment	sentiment	NOUN
easat-9970	352	25	indices	indice	VERB
easat-9970	352	26	related	relate	VERB
easat-9970	352	27	to	to	ADP
easat-9970	352	28	cryptocurrency	cryptocurrency	NOUN
easat-9970	352	29	.	.	PUNCT
easat-9970	353	1	768	768	NUM
easat-9970	353	2	edelweiss	edelweiss	PROPN
easat-9970	353	3	applied	apply	VERB
easat-9970	353	4	science	science	NOUN
easat-9970	353	5	and	and	CCONJ
easat-9970	353	6	technology	technology	NOUN
easat-9970	353	7	issn	issn	PROPN
easat-9970	353	8	:	:	PUNCT
easat-9970	353	9	2576	2576	NUM
easat-9970	353	10	-	-	SYM
easat-9970	353	11	8484	8484	NUM
easat-9970	353	12	vol	vol	NOUN
easat-9970	353	13	.	.	PROPN
easat-9970	354	1	9	9	NUM
easat-9970	354	2	,	,	PUNCT
easat-9970	354	3	no	no	INTJ
easat-9970	354	4	.	.	NOUN
easat-9970	354	5	9	9	NUM
easat-9970	354	6	:	:	SYM
easat-9970	354	7	756	756	NUM
easat-9970	354	8	-	-	SYM
easat-9970	354	9	769	769	NUM
easat-9970	354	10	,	,	PUNCT
easat-9970	354	11	2025	2025	NUM
easat-9970	354	12	doi	doi	NOUN
easat-9970	354	13	:	:	PUNCT
easat-9970	354	14	10.55214/2576	10.55214/2576	NUM
easat-9970	354	15	-	-	NUM
easat-9970	354	16	8484.v9i9.9970	8484.v9i9.9970	NUM
easat-9970	355	1	©	©	PROPN
easat-9970	355	2	2025	2025	NUM
easat-9970	355	3	by	by	ADP
easat-9970	355	4	the	the	DET
easat-9970	355	5	authors	author	NOUN
easat-9970	355	6	;	;	PUNCT
easat-9970	355	7	licensee	licensee	PROPN
easat-9970	355	8	learning	learn	VERB
easat-9970	355	9	gate	gate	NOUN
easat-9970	355	10	transparency	transparency	NOUN
easat-9970	355	11	:	:	PUNCT
easat-9970	355	12	the	the	DET
easat-9970	355	13	authors	author	NOUN
easat-9970	355	14	confirm	confirm	VERB
easat-9970	355	15	that	that	SCONJ
easat-9970	355	16	the	the	DET
easat-9970	355	17	manuscript	manuscript	NOUN
easat-9970	355	18	is	be	AUX
easat-9970	355	19	an	an	DET
easat-9970	355	20	honest	honest	ADJ
easat-9970	355	21	,	,	PUNCT
easat-9970	355	22	accurate	accurate	ADJ
easat-9970	355	23	,	,	PUNCT
easat-9970	355	24	and	and	CCONJ
easat-9970	355	25	transparent	transparent	ADJ
easat-9970	355	26	account	account	NOUN
easat-9970	355	27	of	of	ADP
easat-9970	355	28	the	the	DET
easat-9970	355	29	study	study	NOUN
easat-9970	355	30	;	;	PUNCT
easat-9970	355	31	that	that	SCONJ
easat-9970	355	32	no	no	DET
easat-9970	355	33	vital	vital	ADJ
easat-9970	355	34	features	feature	NOUN
easat-9970	355	35	of	of	ADP
easat-9970	355	36	the	the	DET
easat-9970	355	37	study	study	NOUN
easat-9970	355	38	have	have	AUX
easat-9970	355	39	been	be	AUX
easat-9970	355	40	omitted	omit	VERB
easat-9970	355	41	;	;	PUNCT
easat-9970	355	42	and	and	CCONJ
easat-9970	355	43	that	that	SCONJ
easat-9970	355	44	any	any	DET
easat-9970	355	45	discrepancies	discrepancy	NOUN
easat-9970	355	46	from	from	ADP
easat-9970	355	47	the	the	DET
easat-9970	355	48	study	study	NOUN
easat-9970	355	49	as	as	SCONJ
easat-9970	355	50	planned	plan	VERB
easat-9970	355	51	have	have	AUX
easat-9970	355	52	been	be	AUX
easat-9970	355	53	explained	explain	VERB
easat-9970	355	54	.	.	PUNCT
easat-9970	356	1	this	this	DET
easat-9970	356	2	study	study	NOUN
easat-9970	356	3	followed	follow	VERB
easat-9970	356	4	all	all	DET
easat-9970	356	5	ethical	ethical	ADJ
easat-9970	356	6	practices	practice	NOUN
easat-9970	356	7	during	during	ADP
easat-9970	356	8	writing	writing	NOUN
easat-9970	356	9	.	.	PUNCT
easat-9970	357	1	copyright	copyright	NOUN
easat-9970	357	2	:	:	PUNCT
easat-9970	357	3	©	©	PROPN
easat-9970	357	4	2025	2025	NUM
easat-9970	357	5	by	by	ADP
easat-9970	357	6	the	the	DET
easat-9970	357	7	authors	author	NOUN
easat-9970	357	8	.	.	PUNCT
easat-9970	358	1	this	this	DET
easat-9970	358	2	open	open	ADJ
easat-9970	358	3	-	-	PUNCT
easat-9970	358	4	access	access	NOUN
easat-9970	358	5	article	article	NOUN
easat-9970	358	6	is	be	AUX
easat-9970	358	7	distributed	distribute	VERB
easat-9970	358	8	under	under	ADP
easat-9970	358	9	the	the	DET
easat-9970	358	10	terms	term	NOUN
easat-9970	358	11	and	and	CCONJ
easat-9970	358	12	conditions	condition	NOUN
easat-9970	358	13	of	of	ADP
easat-9970	358	14	the	the	DET
easat-9970	358	15	creative	creative	ADJ
easat-9970	358	16	commons	common	NOUN
easat-9970	358	17	attribution	attribution	NOUN
easat-9970	358	18	(	(	PUNCT
easat-9970	358	19	cc	cc	NOUN
easat-9970	358	20	by	by	ADP
easat-9970	358	21	)	)	PUNCT
easat-9970	358	22	license	license	NOUN
easat-9970	358	23	(	(	PUNCT
easat-9970	358	24	https://creativecommons.org/licenses/by/4.0/	https://creativecommons.org/licenses/by/4.0/	PROPN
easat-9970	358	25	)	)	PUNCT
easat-9970	358	26	.	.	PUNCT
easat-9970	359	1	references	reference	NOUN
easat-9970	359	2	[	[	X
easat-9970	359	3	1	1	X
easat-9970	359	4	]	]	PUNCT
easat-9970	359	5	s.	s.	PROPN
easat-9970	359	6	nakamoto	nakamoto	PROPN
easat-9970	359	7	,	,	PUNCT
easat-9970	359	8	"	"	PUNCT
easat-9970	359	9	bitcoin	bitcoin	NOUN
easat-9970	359	10	:	:	PUNCT
easat-9970	359	11	a	a	DET
easat-9970	359	12	peer	peer	NOUN
easat-9970	359	13	-	-	PUNCT
easat-9970	359	14	to	to	ADP
easat-9970	359	15	-	-	PUNCT
easat-9970	359	16	peer	peer	NOUN
easat-9970	359	17	electronic	electronic	ADJ
easat-9970	359	18	cash	cash	NOUN
easat-9970	359	19	system	system	NOUN
easat-9970	359	20	,	,	PUNCT
easat-9970	359	21	"	"	PUNCT
easat-9970	359	22	2008	2008	NUM
easat-9970	359	23	.	.	PUNCT
easat-9970	360	1	https://bitcoin.org/bitcoin.pdf	https://bitcoin.org/bitcoin.pdf	NOUN
easat-9970	361	1	[	[	X
easat-9970	361	2	2	2	NUM
easat-9970	361	3	]	]	X
easat-9970	361	4	u.	u.	NOUN
easat-9970	361	5	kayani	kayani	PROPN
easat-9970	361	6	and	and	CCONJ
easat-9970	361	7	f.	f.	PROPN
easat-9970	361	8	hasan	hasan	PROPN
easat-9970	361	9	,	,	PUNCT
easat-9970	361	10	"	"	PUNCT
easat-9970	361	11	unveiling	unveil	VERB
easat-9970	361	12	cryptocurrency	cryptocurrency	NOUN
easat-9970	361	13	impact	impact	NOUN
easat-9970	361	14	on	on	ADP
easat-9970	361	15	financial	financial	ADJ
easat-9970	361	16	markets	market	NOUN
easat-9970	361	17	and	and	CCONJ
easat-9970	361	18	traditional	traditional	ADJ
easat-9970	361	19	banking	banking	NOUN
easat-9970	361	20	systems	system	NOUN
easat-9970	361	21	:	:	PUNCT
easat-9970	361	22	lessons	lesson	NOUN
easat-9970	361	23	for	for	ADP
easat-9970	361	24	sustainable	sustainable	ADJ
easat-9970	361	25	blockchain	blockchain	NOUN
easat-9970	361	26	and	and	CCONJ
easat-9970	361	27	interdisciplinary	interdisciplinary	ADJ
easat-9970	361	28	collaborations	collaboration	NOUN
easat-9970	361	29	,	,	PUNCT
easat-9970	361	30	"	"	PUNCT
easat-9970	361	31	journal	journal	NOUN
easat-9970	361	32	of	of	ADP
easat-9970	361	33	risk	risk	NOUN
easat-9970	361	34	and	and	CCONJ
easat-9970	361	35	financial	financial	ADJ
easat-9970	361	36	management	management	NOUN
easat-9970	361	37	,	,	PUNCT
easat-9970	361	38	vol	vol	NOUN
easat-9970	361	39	.	.	PROPN
easat-9970	361	40	17	17	NUM
easat-9970	361	41	,	,	PUNCT
easat-9970	361	42	no	no	INTJ
easat-9970	361	43	.	.	NOUN
easat-9970	361	44	2	2	NUM
easat-9970	361	45	,	,	PUNCT
easat-9970	361	46	p.	p.	NOUN
easat-9970	361	47	58	58	NUM
easat-9970	361	48	,	,	PUNCT
easat-9970	361	49	2024	2024	NUM
easat-9970	361	50	.	.	PUNCT
easat-9970	362	1	https://doi.org/10.3390/jrfm17020058	https://doi.org/10.3390/jrfm17020058	PROPN
easat-9970	363	1	[	[	X
easat-9970	363	2	3	3	X
easat-9970	363	3	]	]	PUNCT
easat-9970	363	4	h.	h.	PROPN
easat-9970	363	5	s.	s.	PROPN
easat-9970	363	6	jung	jung	PROPN
easat-9970	363	7	,	,	PUNCT
easat-9970	363	8	h.	h.	PROPN
easat-9970	363	9	lee	lee	PROPN
easat-9970	363	10	,	,	PUNCT
easat-9970	363	11	and	and	CCONJ
easat-9970	363	12	j.	j.	PROPN
easat-9970	363	13	h.	h.	PROPN
easat-9970	363	14	kim	kim	PROPN
easat-9970	363	15	,	,	PUNCT
easat-9970	363	16	"	"	PUNCT
easat-9970	363	17	unveiling	unveil	VERB
easat-9970	363	18	cryptocurrency	cryptocurrency	NOUN
easat-9970	363	19	conversations	conversation	NOUN
easat-9970	363	20	:	:	PUNCT
easat-9970	363	21	insights	insight	NOUN
easat-9970	363	22	from	from	ADP
easat-9970	363	23	data	datum	NOUN
easat-9970	363	24	mining	mining	NOUN
easat-9970	363	25	and	and	CCONJ
easat-9970	363	26	unsupervised	unsupervised	ADJ
easat-9970	363	27	learning	learning	NOUN
easat-9970	363	28	across	across	ADP
easat-9970	363	29	multiple	multiple	ADJ
easat-9970	363	30	platforms	platform	NOUN
easat-9970	363	31	,	,	PUNCT
easat-9970	363	32	"	"	PUNCT
easat-9970	363	33	ieee	ieee	NOUN
easat-9970	363	34	access	access	NOUN
easat-9970	363	35	,	,	PUNCT
easat-9970	363	36	vol	vol	NOUN
easat-9970	363	37	.	.	PROPN
easat-9970	363	38	11	11	NUM
easat-9970	363	39	,	,	PUNCT
easat-9970	363	40	pp	pp	ADJ
easat-9970	363	41	.	.	PUNCT
easat-9970	363	42	130573	130573	NUM
easat-9970	363	43	-	-	SYM
easat-9970	363	44	130583	130583	NUM
easat-9970	363	45	,	,	PUNCT
easat-9970	363	46	2023	2023	NUM
easat-9970	363	47	.	.	PUNCT
easat-9970	364	1	https://doi.org/10.1109/access.2023.3334617	https://doi.org/10.1109/access.2023.3334617	PROPN
easat-9970	364	2	[	[	X
easat-9970	364	3	4	4	X
easat-9970	364	4	]	]	X
easat-9970	364	5	p.	p.	PROPN
easat-9970	364	6	c.	c.	PROPN
easat-9970	364	7	donoiu	donoiu	PROPN
easat-9970	364	8	and	and	CCONJ
easat-9970	364	9	d.	d.	NOUN
easat-9970	364	10	iacob	iacob	NOUN
easat-9970	364	11	,	,	PUNCT
easat-9970	364	12	"	"	PUNCT
easat-9970	364	13	the	the	DET
easat-9970	364	14	cryptocurrency	cryptocurrency	NOUN
easat-9970	364	15	market	market	NOUN
easat-9970	364	16	and	and	CCONJ
easat-9970	364	17	the	the	DET
easat-9970	364	18	financial	financial	ADJ
easat-9970	364	19	stability	stability	NOUN
easat-9970	364	20	,	,	PUNCT
easat-9970	364	21	"	"	PUNCT
easat-9970	364	22	in	in	ADP
easat-9970	364	23	proceedings	proceeding	NOUN
easat-9970	364	24	of	of	ADP
easat-9970	364	25	the	the	DET
easat-9970	364	26	international	international	ADJ
easat-9970	364	27	conference	conference	NOUN
easat-9970	364	28	on	on	ADP
easat-9970	364	29	business	business	NOUN
easat-9970	364	30	excellence	excellence	PROPN
easat-9970	364	31	(	(	PUNCT
easat-9970	364	32	vol	vol	NOUN
easat-9970	364	33	.	.	PROPN
easat-9970	364	34	17	17	NUM
easat-9970	364	35	,	,	PUNCT
easat-9970	364	36	no	no	INTJ
easat-9970	364	37	.	.	NOUN
easat-9970	364	38	1	1	NUM
easat-9970	364	39	,	,	PUNCT
easat-9970	364	40	pp	pp	ADJ
easat-9970	364	41	.	.	PUNCT
easat-9970	364	42	1769	1769	NUM
easat-9970	364	43	-	-	SYM
easat-9970	364	44	1778	1778	NUM
easat-9970	364	45	)	)	PUNCT
easat-9970	364	46	.	.	PUNCT
easat-9970	365	1	sciendo	sciendo	PROPN
easat-9970	365	2	,	,	PUNCT
easat-9970	365	3	2023	2023	NUM
easat-9970	365	4	.	.	PUNCT
easat-9970	366	1	[	[	X
easat-9970	366	2	5	5	NUM
easat-9970	366	3	]	]	PUNCT
easat-9970	366	4	s.	s.	PROPN
easat-9970	366	5	chan	chan	PROPN
easat-9970	366	6	,	,	PUNCT
easat-9970	366	7	j.	j.	PROPN
easat-9970	366	8	chu	chu	PROPN
easat-9970	366	9	,	,	PUNCT
easat-9970	366	10	y.	y.	PROPN
easat-9970	366	11	zhang	zhang	PROPN
easat-9970	366	12	,	,	PUNCT
easat-9970	366	13	and	and	CCONJ
easat-9970	366	14	s.	s.	PROPN
easat-9970	366	15	nadarajah	nadarajah	PROPN
easat-9970	366	16	,	,	PUNCT
easat-9970	366	17	"	"	PUNCT
easat-9970	366	18	blockchain	blockchain	NOUN
easat-9970	366	19	and	and	CCONJ
easat-9970	366	20	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	366	21	,	,	PUNCT
easat-9970	366	22	"	"	PUNCT
easat-9970	366	23	journal	journal	NOUN
easat-9970	366	24	of	of	ADP
easat-9970	366	25	risk	risk	NOUN
easat-9970	366	26	and	and	CCONJ
easat-9970	366	27	financial	financial	ADJ
easat-9970	366	28	management	management	NOUN
easat-9970	366	29	,	,	PUNCT
easat-9970	366	30	vol	vol	NOUN
easat-9970	366	31	.	.	PROPN
easat-9970	366	32	13	13	NUM
easat-9970	366	33	,	,	PUNCT
easat-9970	366	34	no	no	INTJ
easat-9970	366	35	.	.	NOUN
easat-9970	366	36	10	10	NUM
easat-9970	366	37	,	,	PUNCT
easat-9970	366	38	p.	p.	NOUN
easat-9970	366	39	227	227	NUM
easat-9970	366	40	,	,	PUNCT
easat-9970	366	41	2020	2020	NUM
easat-9970	366	42	.	.	PUNCT
easat-9970	367	1	https://doi.org/10.3390/jrfm13100227	https://doi.org/10.3390/jrfm13100227	PROPN
easat-9970	368	1	[	[	X
easat-9970	368	2	6	6	NUM
easat-9970	368	3	]	]	X
easat-9970	368	4	y.	y.	PROPN
easat-9970	368	5	wang	wang	PROPN
easat-9970	368	6	,	,	PUNCT
easat-9970	368	7	"	"	PUNCT
easat-9970	368	8	do	do	AUX
easat-9970	368	9	cryptocurrency	cryptocurrency	NOUN
easat-9970	368	10	investors	investor	NOUN
easat-9970	368	11	in	in	ADP
easat-9970	368	12	the	the	DET
easat-9970	368	13	uk	uk	PROPN
easat-9970	368	14	need	need	VERB
easat-9970	368	15	more	more	ADJ
easat-9970	368	16	protection	protection	NOUN
easat-9970	368	17	?	?	PUNCT
easat-9970	368	18	,	,	PUNCT
easat-9970	368	19	"	"	PUNCT
easat-9970	368	20	journal	journal	NOUN
easat-9970	368	21	of	of	ADP
easat-9970	368	22	financial	financial	ADJ
easat-9970	368	23	regulation	regulation	NOUN
easat-9970	368	24	and	and	CCONJ
easat-9970	368	25	compliance	compliance	NOUN
easat-9970	368	26	,	,	PUNCT
easat-9970	368	27	vol	vol	NOUN
easat-9970	368	28	.	.	PROPN
easat-9970	369	1	32	32	NUM
easat-9970	369	2	,	,	PUNCT
easat-9970	369	3	no	no	INTJ
easat-9970	369	4	.	.	NOUN
easat-9970	369	5	2	2	NUM
easat-9970	369	6	,	,	PUNCT
easat-9970	369	7	pp	pp	ADJ
easat-9970	369	8	.	.	PUNCT
easat-9970	370	1	230	230	NUM
easat-9970	370	2	-	-	SYM
easat-9970	370	3	249	249	NUM
easat-9970	370	4	,	,	PUNCT
easat-9970	370	5	2024	2024	NUM
easat-9970	370	6	.	.	PUNCT
easat-9970	370	7	https://doi.org/10.1108/jfrc-03-2023-0036	https://doi.org/10.1108/jfrc-03-2023-0036	NOUN
easat-9970	370	8	[	[	X
easat-9970	370	9	7	7	X
easat-9970	370	10	]	]	X
easat-9970	370	11	j.	j.	PROPN
easat-9970	370	12	field	field	PROPN
easat-9970	370	13	and	and	CCONJ
easat-9970	370	14	a.	a.	PROPN
easat-9970	370	15	c.	c.	PROPN
easat-9970	370	16	inci	inci	PROPN
easat-9970	370	17	,	,	PUNCT
easat-9970	370	18	"	"	PUNCT
easat-9970	370	19	risk	risk	NOUN
easat-9970	370	20	translation	translation	NOUN
easat-9970	370	21	:	:	PUNCT
easat-9970	370	22	how	how	SCONJ
easat-9970	370	23	cryptocurrency	cryptocurrency	NOUN
easat-9970	370	24	impacts	impact	NOUN
easat-9970	370	25	company	company	NOUN
easat-9970	370	26	risk	risk	NOUN
easat-9970	370	27	,	,	PUNCT
easat-9970	370	28	beta	beta	NOUN
easat-9970	370	29	and	and	CCONJ
easat-9970	370	30	returns	return	NOUN
easat-9970	370	31	,	,	PUNCT
easat-9970	370	32	"	"	PUNCT
easat-9970	370	33	journal	journal	NOUN
easat-9970	370	34	of	of	ADP
easat-9970	370	35	capital	capital	NOUN
easat-9970	370	36	markets	market	NOUN
easat-9970	370	37	studies	study	NOUN
easat-9970	370	38	,	,	PUNCT
easat-9970	370	39	vol	vol	NOUN
easat-9970	370	40	.	.	PROPN
easat-9970	371	1	7	7	NUM
easat-9970	371	2	,	,	PUNCT
easat-9970	371	3	no	no	INTJ
easat-9970	371	4	.	.	NOUN
easat-9970	371	5	1	1	NUM
easat-9970	371	6	,	,	PUNCT
easat-9970	371	7	pp	pp	ADJ
easat-9970	371	8	.	.	PUNCT
easat-9970	372	1	5	5	NUM
easat-9970	372	2	-	-	SYM
easat-9970	372	3	21	21	NUM
easat-9970	372	4	,	,	PUNCT
easat-9970	372	5	2023	2023	NUM
easat-9970	372	6	.	.	PUNCT
easat-9970	373	1	https://doi.org/10.1108/jcms-02-2023-0003	https://doi.org/10.1108/jcms-02-2023-0003	PROPN
easat-9970	373	2	[	[	X
easat-9970	373	3	8	8	NUM
easat-9970	373	4	]	]	X
easat-9970	373	5	c.	c.	PROPN
easat-9970	373	6	miglietti	miglietti	PROPN
easat-9970	373	7	,	,	PUNCT
easat-9970	373	8	z.	z.	PROPN
easat-9970	373	9	kubosova	kubosova	PROPN
easat-9970	373	10	,	,	PUNCT
easat-9970	373	11	and	and	CCONJ
easat-9970	373	12	n.	n.	PROPN
easat-9970	373	13	skulanova	skulanova	PROPN
easat-9970	373	14	,	,	PUNCT
easat-9970	373	15	"	"	PUNCT
easat-9970	373	16	bitcoin	bitcoin	ADJ
easat-9970	373	17	,	,	PUNCT
easat-9970	373	18	litecoin	litecoin	VERB
easat-9970	373	19	,	,	PUNCT
easat-9970	373	20	and	and	CCONJ
easat-9970	373	21	the	the	DET
easat-9970	373	22	euro	euro	NOUN
easat-9970	373	23	:	:	PUNCT
easat-9970	373	24	an	an	DET
easat-9970	373	25	annualized	annualize	VERB
easat-9970	373	26	volatility	volatility	NOUN
easat-9970	373	27	analysis	analysis	NOUN
easat-9970	373	28	,	,	PUNCT
easat-9970	373	29	"	"	PUNCT
easat-9970	373	30	studies	study	NOUN
easat-9970	373	31	in	in	ADP
easat-9970	373	32	economics	economic	NOUN
easat-9970	373	33	and	and	CCONJ
easat-9970	373	34	finance	finance	NOUN
easat-9970	373	35	,	,	PUNCT
easat-9970	373	36	vol	vol	NOUN
easat-9970	373	37	.	.	PROPN
easat-9970	374	1	37	37	NUM
easat-9970	374	2	,	,	PUNCT
easat-9970	374	3	no	no	INTJ
easat-9970	374	4	.	.	NOUN
easat-9970	374	5	2	2	NUM
easat-9970	374	6	,	,	PUNCT
easat-9970	374	7	pp	pp	ADJ
easat-9970	374	8	.	.	PUNCT
easat-9970	375	1	229	229	NUM
easat-9970	375	2	-	-	SYM
easat-9970	375	3	242	242	NUM
easat-9970	375	4	,	,	PUNCT
easat-9970	375	5	2020	2020	NUM
easat-9970	375	6	.	.	PUNCT
easat-9970	376	1	https://doi.org/10.1108/sef-02-2019-0050	https://doi.org/10.1108/sef-02-2019-0050	X
easat-9970	377	1	[	[	X
easat-9970	377	2	9	9	NUM
easat-9970	377	3	]	]	PUNCT
easat-9970	377	4	m.	m.	NOUN
easat-9970	377	5	velazquez	velazquez	PROPN
easat-9970	377	6	,	,	PUNCT
easat-9970	377	7	a.	a.	NOUN
easat-9970	377	8	gormus	gormus	PROPN
easat-9970	377	9	,	,	PUNCT
easat-9970	377	10	and	and	CCONJ
easat-9970	377	11	n.	n.	PROPN
easat-9970	377	12	vafai	vafai	PROPN
easat-9970	377	13	,	,	PUNCT
easat-9970	377	14	"	"	PUNCT
easat-9970	377	15	the	the	DET
easat-9970	377	16	dynamic	dynamic	ADJ
easat-9970	377	17	dependency	dependency	NOUN
easat-9970	377	18	between	between	ADP
easat-9970	377	19	a	a	DET
easat-9970	377	20	cryptocurrency	cryptocurrency	NOUN
easat-9970	377	21	etf	etf	NOUN
easat-9970	377	22	and	and	CCONJ
easat-9970	377	23	etfs	etfs	PROPN
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easat-9970	377	26	asset	asset	NOUN
easat-9970	377	27	classes	class	NOUN
easat-9970	377	28	,	,	PUNCT
easat-9970	377	29	"	"	PUNCT
easat-9970	377	30	journal	journal	NOUN
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easat-9970	377	33	and	and	CCONJ
easat-9970	377	34	financial	financial	ADJ
easat-9970	377	35	management	management	NOUN
easat-9970	377	36	,	,	PUNCT
easat-9970	377	37	vol	vol	NOUN
easat-9970	377	38	.	.	PROPN
easat-9970	377	39	16	16	NUM
easat-9970	377	40	,	,	PUNCT
easat-9970	377	41	no	no	INTJ
easat-9970	377	42	.	.	NOUN
easat-9970	377	43	9	9	NUM
easat-9970	377	44	,	,	PUNCT
easat-9970	377	45	p.	p.	NOUN
easat-9970	377	46	412	412	NUM
easat-9970	377	47	,	,	PUNCT
easat-9970	377	48	2023	2023	NUM
easat-9970	377	49	.	.	PUNCT
easat-9970	378	1	https://doi.org/10.3390/jrfm16090412	https://doi.org/10.3390/jrfm16090412	PROPN
easat-9970	379	1	[	[	X
easat-9970	379	2	10	10	NUM
easat-9970	379	3	]	]	PUNCT
easat-9970	379	4	k.	k.	PROPN
easat-9970	379	5	a.	a.	PROPN
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easat-9970	379	7	and	and	CCONJ
easat-9970	379	8	z.	z.	PROPN
easat-9970	379	9	dickason	dickason	PROPN
easat-9970	379	10	-	-	PUNCT
easat-9970	379	11	koekemoer	koekemoer	PROPN
easat-9970	379	12	,	,	PUNCT
easat-9970	379	13	"	"	PUNCT
easat-9970	379	14	cryptocurrency	cryptocurrency	NOUN
easat-9970	379	15	returns	return	NOUN
easat-9970	379	16	,	,	PUNCT
easat-9970	379	17	cybercrime	cybercrime	NOUN
easat-9970	379	18	and	and	CCONJ
easat-9970	379	19	stock	stock	NOUN
easat-9970	379	20	market	market	NOUN
easat-9970	379	21	volatility	volatility	NOUN
easat-9970	379	22	:	:	PUNCT
easat-9970	379	23	gas	gas	NOUN
easat-9970	379	24	and	and	CCONJ
easat-9970	379	25	regime	regime	NOUN
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easat-9970	379	28	,	,	PUNCT
easat-9970	379	29	"	"	PUNCT
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easat-9970	379	34	and	and	CCONJ
easat-9970	379	35	financial	financial	ADJ
easat-9970	379	36	issues	issue	NOUN
easat-9970	379	37	,	,	PUNCT
easat-9970	379	38	vol	vol	NOUN
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easat-9970	379	41	,	,	PUNCT
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easat-9970	379	43	.	.	NOUN
easat-9970	379	44	6	6	NUM
easat-9970	379	45	,	,	PUNCT
easat-9970	379	46	pp	pp	ADJ
easat-9970	379	47	.	.	PUNCT
easat-9970	380	1	52	52	NUM
easat-9970	380	2	-	-	SYM
easat-9970	380	3	64	64	NUM
easat-9970	380	4	,	,	PUNCT
easat-9970	380	5	2022	2022	NUM
easat-9970	380	6	.	.	PUNCT
easat-9970	381	1	https://doi.org/10.32479/ijefi.13555	https://doi.org/10.32479/ijefi.13555	PUNCT
easat-9970	382	1	[	[	X
easat-9970	382	2	11	11	NUM
easat-9970	382	3	]	]	PUNCT
easat-9970	382	4	b.	b.	PROPN
easat-9970	382	5	abou	abou	PROPN
easat-9970	382	6	tanos	tanos	PROPN
easat-9970	382	7	and	and	CCONJ
easat-9970	382	8	g.	g.	PROPN
easat-9970	382	9	badr	badr	PROPN
easat-9970	382	10	,	,	PUNCT
easat-9970	382	11	"	"	PUNCT
easat-9970	382	12	price	price	NOUN
easat-9970	382	13	delay	delay	NOUN
easat-9970	382	14	and	and	CCONJ
easat-9970	382	15	market	market	NOUN
easat-9970	382	16	efficiency	efficiency	NOUN
easat-9970	382	17	of	of	ADP
easat-9970	382	18	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	382	19	:	:	PUNCT
easat-9970	382	20	the	the	DET
easat-9970	382	21	impact	impact	NOUN
easat-9970	382	22	of	of	ADP
easat-9970	382	23	liquidity	liquidity	NOUN
easat-9970	382	24	and	and	CCONJ
easat-9970	382	25	volatility	volatility	NOUN
easat-9970	382	26	during	during	ADP
easat-9970	382	27	the	the	DET
easat-9970	382	28	covid-19	covid-19	PROPN
easat-9970	382	29	pandemic	pandemic	NOUN
easat-9970	382	30	,	,	PUNCT
easat-9970	382	31	"	"	PUNCT
easat-9970	382	32	journal	journal	NOUN
easat-9970	382	33	of	of	ADP
easat-9970	382	34	risk	risk	NOUN
easat-9970	382	35	and	and	CCONJ
easat-9970	382	36	financial	financial	ADJ
easat-9970	382	37	management	management	NOUN
easat-9970	382	38	,	,	PUNCT
easat-9970	382	39	vol	vol	NOUN
easat-9970	382	40	.	.	PROPN
easat-9970	382	41	17	17	NUM
easat-9970	382	42	,	,	PUNCT
easat-9970	382	43	no	no	INTJ
easat-9970	382	44	.	.	NOUN
easat-9970	382	45	5	5	NUM
easat-9970	382	46	,	,	PUNCT
easat-9970	382	47	p.	p.	NOUN
easat-9970	382	48	193	193	NUM
easat-9970	382	49	,	,	PUNCT
easat-9970	382	50	2024	2024	NUM
easat-9970	382	51	.	.	PUNCT
easat-9970	383	1	https://doi.org/10.3390/jrfm17050193	https://doi.org/10.3390/jrfm17050193	NOUN
easat-9970	384	1	[	[	X
easat-9970	384	2	12	12	NUM
easat-9970	384	3	]	]	X
easat-9970	384	4	n.	n.	PROPN
easat-9970	384	5	lee	lee	PROPN
easat-9970	384	6	,	,	PUNCT
easat-9970	384	7	"	"	PUNCT
easat-9970	384	8	the	the	DET
easat-9970	384	9	relationship	relationship	NOUN
easat-9970	384	10	between	between	ADP
easat-9970	384	11	a	a	DET
easat-9970	384	12	company	company	NOUN
easat-9970	384	13	’s	’s	PART
easat-9970	384	14	cryptocurrency	cryptocurrency	NOUN
easat-9970	384	15	holdings	holding	NOUN
easat-9970	384	16	and	and	CCONJ
easat-9970	384	17	its	its	PRON
easat-9970	384	18	sustainable	sustainable	ADJ
easat-9970	384	19	performance	performance	NOUN
easat-9970	384	20	—	—	PUNCT
easat-9970	384	21	with	with	ADP
easat-9970	384	22	a	a	DET
easat-9970	384	23	focus	focus	NOUN
easat-9970	384	24	on	on	ADP
easat-9970	384	25	external	external	ADJ
easat-9970	384	26	and	and	CCONJ
easat-9970	384	27	internal	internal	ADJ
easat-9970	384	28	financial	financial	ADJ
easat-9970	384	29	issues	issue	NOUN
easat-9970	384	30	and	and	CCONJ
easat-9970	384	31	cash	cash	NOUN
easat-9970	384	32	,	,	PUNCT
easat-9970	384	33	"	"	PUNCT
easat-9970	384	34	sustainability	sustainability	NOUN
easat-9970	384	35	,	,	PUNCT
easat-9970	384	36	vol	vol	NOUN
easat-9970	384	37	.	.	PROPN
easat-9970	384	38	15	15	NUM
easat-9970	384	39	,	,	PUNCT
easat-9970	384	40	no	no	INTJ
easat-9970	384	41	.	.	NOUN
easat-9970	384	42	23	23	NUM
easat-9970	384	43	,	,	PUNCT
easat-9970	384	44	p.	p.	NOUN
easat-9970	384	45	16188	16188	NUM
easat-9970	384	46	,	,	PUNCT
easat-9970	384	47	2023	2023	NUM
easat-9970	384	48	.	.	PUNCT
easat-9970	385	1	https://doi.org/10.3390/su152316188	https://doi.org/10.3390/su152316188	NOUN
easat-9970	385	2	[	[	SYM
easat-9970	385	3	13	13	NUM
easat-9970	385	4	]	]	PUNCT
easat-9970	385	5	s.	s.	PROPN
easat-9970	385	6	jana	jana	PROPN
easat-9970	385	7	and	and	CCONJ
easat-9970	385	8	t.	t.	PROPN
easat-9970	385	9	n.	n.	PROPN
easat-9970	385	10	sahu	sahu	PROPN
easat-9970	385	11	,	,	PUNCT
easat-9970	385	12	"	"	PUNCT
easat-9970	385	13	can	can	AUX
easat-9970	385	14	diversification	diversification	NOUN
easat-9970	385	15	be	be	AUX
easat-9970	385	16	improved	improve	VERB
easat-9970	385	17	by	by	ADP
easat-9970	385	18	using	use	VERB
easat-9970	385	19	cryptocurrencies	cryptocurrencie	NOUN
easat-9970	385	20	?	?	PUNCT
easat-9970	386	1	evidence	evidence	NOUN
easat-9970	386	2	from	from	ADP
easat-9970	386	3	indian	indian	ADJ
easat-9970	386	4	equity	equity	NOUN
easat-9970	386	5	market	market	NOUN
easat-9970	386	6	,	,	PUNCT
easat-9970	386	7	"	"	PUNCT
easat-9970	386	8	journal	journal	NOUN
easat-9970	386	9	of	of	ADP
easat-9970	386	10	financial	financial	ADJ
easat-9970	386	11	economic	economic	ADJ
easat-9970	386	12	policy	policy	NOUN
easat-9970	386	13	,	,	PUNCT
easat-9970	386	14	vol	vol	NOUN
easat-9970	386	15	.	.	PROPN
easat-9970	386	16	15	15	NUM
easat-9970	386	17	,	,	PUNCT
easat-9970	386	18	no	no	INTJ
easat-9970	386	19	.	.	NOUN
easat-9970	386	20	6	6	NUM
easat-9970	386	21	,	,	PUNCT
easat-9970	386	22	pp	pp	ADJ
easat-9970	386	23	.	.	PUNCT
easat-9970	387	1	551	551	NUM
easat-9970	387	2	-	-	SYM
easat-9970	387	3	573	573	NUM
easat-9970	387	4	,	,	PUNCT
easat-9970	387	5	2023	2023	NUM
easat-9970	387	6	.	.	PUNCT
easat-9970	388	1	https://doi.org/10.1108/jfep-022023-0047	https://doi.org/10.1108/jfep-022023-0047	PROPN
easat-9970	389	1	[	[	X
easat-9970	389	2	14	14	NUM
easat-9970	389	3	]	]	X
easat-9970	389	4	w.	w.	PROPN
easat-9970	389	5	moussa	moussa	PROPN
easat-9970	389	6	,	,	PUNCT
easat-9970	389	7	r.	r.	PROPN
easat-9970	389	8	regaïeg	regaïeg	PROPN
easat-9970	389	9	,	,	PUNCT
easat-9970	389	10	and	and	CCONJ
easat-9970	389	11	n.	n.	PROPN
easat-9970	389	12	mgadmi	mgadmi	PROPN
easat-9970	389	13	,	,	PUNCT
easat-9970	389	14	"	"	PUNCT
easat-9970	389	15	assessing	assess	VERB
easat-9970	389	16	the	the	DET
easat-9970	389	17	impact	impact	NOUN
easat-9970	389	18	of	of	ADP
easat-9970	389	19	the	the	DET
easat-9970	389	20	covid-19	covid-19	PROPN
easat-9970	389	21	pandemic	pandemic	NOUN
easat-9970	389	22	and	and	CCONJ
easat-9970	389	23	the	the	DET
easat-9970	389	24	russian	russian	ADJ
easat-9970	389	25	–	–	PUNCT
easat-9970	389	26	ukrainian	ukrainian	ADJ
easat-9970	389	27	war	war	NOUN
easat-9970	389	28	on	on	ADP
easat-9970	389	29	cryptocurrency	cryptocurrency	NOUN
easat-9970	389	30	volatility	volatility	NOUN
easat-9970	389	31	,	,	PUNCT
easat-9970	389	32	"	"	PUNCT
easat-9970	389	33	journal	journal	NOUN
easat-9970	389	34	of	of	ADP
easat-9970	389	35	financial	financial	ADJ
easat-9970	389	36	crime	crime	NOUN
easat-9970	389	37	,	,	PUNCT
easat-9970	389	38	vol	vol	NOUN
easat-9970	389	39	.	.	PROPN
easat-9970	389	40	32	32	NUM
easat-9970	389	41	,	,	PUNCT
easat-9970	389	42	no	no	INTJ
easat-9970	389	43	.	.	NOUN
easat-9970	389	44	1	1	NUM
easat-9970	389	45	,	,	PUNCT
easat-9970	389	46	pp	pp	ADJ
easat-9970	389	47	.	.	PUNCT
easat-9970	390	1	221	221	NUM
easat-9970	390	2	-	-	SYM
easat-9970	390	3	244	244	NUM
easat-9970	390	4	,	,	PUNCT
easat-9970	390	5	2025	2025	NUM
easat-9970	390	6	.	.	PUNCT
easat-9970	391	1	https://doi.org/10.1108/jfc-02-2024-0068	https://doi.org/10.1108/jfc-02-2024-0068	VERB
easat-9970	392	1	[	[	X
easat-9970	392	2	15	15	NUM
easat-9970	392	3	]	]	X
easat-9970	392	4	p.	p.	NOUN
easat-9970	392	5	j.	j.	PROPN
easat-9970	392	6	phillips	phillips	PROPN
easat-9970	392	7	and	and	CCONJ
easat-9970	392	8	g.	g.	PROPN
easat-9970	392	9	pohl	pohl	PROPN
easat-9970	392	10	,	,	PUNCT
easat-9970	392	11	"	"	PUNCT
easat-9970	392	12	microstrategy	microstrategy	NOUN
easat-9970	392	13	,	,	PUNCT
easat-9970	392	14	bitcoin	bitcoin	NOUN
easat-9970	392	15	yield	yield	NOUN
easat-9970	392	16	,	,	PUNCT
easat-9970	392	17	complete	complete	ADJ
easat-9970	392	18	markets	market	NOUN
easat-9970	392	19	,	,	PUNCT
easat-9970	392	20	"	"	PUNCT
easat-9970	392	21	available	available	ADJ
easat-9970	392	22	at	at	ADP
easat-9970	392	23	ssrn	ssrn	NOUN
easat-9970	392	24	5038109	5038109	NUM
easat-9970	392	25	,	,	PUNCT
easat-9970	392	26	2024	2024	NUM
easat-9970	392	27	.	.	PUNCT
easat-9970	393	1	https://doi.org/10.2139/ssrn.5038109	https://doi.org/10.2139/ssrn.5038109	PROPN
easat-9970	394	1	[	[	X
easat-9970	394	2	16	16	NUM
easat-9970	394	3	]	]	X
easat-9970	394	4	f.	f.	PROPN
easat-9970	394	5	c.	c.	PROPN
easat-9970	394	6	darie	darie	PROPN
easat-9970	394	7	and	and	CCONJ
easat-9970	394	8	a.	a.	PROPN
easat-9970	394	9	d.	d.	PROPN
easat-9970	394	10	miron	miron	PROPN
easat-9970	394	11	,	,	PUNCT
easat-9970	394	12	"	"	PUNCT
easat-9970	394	13	bitcoin	bitcoin	ADJ
easat-9970	394	14	,	,	PUNCT
easat-9970	394	15	gold	gold	NOUN
easat-9970	394	16	and	and	CCONJ
easat-9970	394	17	crude	crude	ADJ
easat-9970	394	18	oil	oil	NOUN
easat-9970	394	19	versus	versus	ADP
easat-9970	394	20	the	the	DET
easat-9970	394	21	us	us	PROPN
easat-9970	394	22	dollar	dollar	NOUN
easat-9970	394	23	–	–	PUNCT
easat-9970	394	24	a	a	DET
easat-9970	394	25	garch	garch	NOUN
easat-9970	394	26	volatility	volatility	NOUN
easat-9970	394	27	analysis	analysis	NOUN
easat-9970	394	28	,	,	PUNCT
easat-9970	394	29	"	"	PUNCT
easat-9970	394	30	in	in	ADP
easat-9970	394	31	proceedings	proceeding	NOUN
easat-9970	394	32	of	of	ADP
easat-9970	394	33	the	the	DET
easat-9970	394	34	international	international	ADJ
easat-9970	394	35	conference	conference	NOUN
easat-9970	394	36	on	on	ADP
easat-9970	394	37	business	business	NOUN
easat-9970	394	38	excellence	excellence	PROPN
easat-9970	394	39	(	(	PUNCT
easat-9970	394	40	vol	vol	NOUN
easat-9970	394	41	.	.	PROPN
easat-9970	394	42	17	17	NUM
easat-9970	394	43	,	,	PUNCT
easat-9970	394	44	no	no	INTJ
easat-9970	394	45	.	.	NOUN
easat-9970	394	46	1	1	NUM
easat-9970	394	47	,	,	PUNCT
easat-9970	394	48	pp	pp	ADJ
easat-9970	394	49	.	.	PUNCT
easat-9970	395	1	254	254	NUM
easat-9970	395	2	-	-	SYM
easat-9970	395	3	265	265	NUM
easat-9970	395	4	)	)	PUNCT
easat-9970	395	5	.	.	PUNCT
easat-9970	396	1	sciendo	sciendo	PROPN
easat-9970	396	2	,	,	PUNCT
easat-9970	396	3	2023	2023	NUM
easat-9970	396	4	.	.	PUNCT
easat-9970	397	1	[	[	X
easat-9970	397	2	17	17	NUM
easat-9970	397	3	]	]	PUNCT
easat-9970	397	4	t.	t.	PROPN
easat-9970	397	5	e.	e.	PROPN
easat-9970	397	6	joseph	joseph	PROPN
easat-9970	397	7	,	,	PUNCT
easat-9970	397	8	a.	a.	NOUN
easat-9970	397	9	jahanger	jahanger	NOUN
easat-9970	397	10	,	,	PUNCT
easat-9970	397	11	j.	j.	PROPN
easat-9970	397	12	c.	c.	PROPN
easat-9970	397	13	onwe	onwe	PROPN
easat-9970	397	14	,	,	PUNCT
easat-9970	397	15	and	and	CCONJ
easat-9970	397	16	d.	d.	PROPN
easat-9970	397	17	balsalobre‑lorente	balsalobre‑lorente	PROPN
easat-9970	397	18	,	,	PUNCT
easat-9970	397	19	"	"	PUNCT
easat-9970	397	20	the	the	DET
easat-9970	397	21	implication	implication	NOUN
easat-9970	397	22	of	of	ADP
easat-9970	397	23	cryptocurrency	cryptocurrency	NOUN
easat-9970	397	24	volatility	volatility	NOUN
easat-9970	397	25	on	on	ADP
easat-9970	397	26	five	five	NUM
easat-9970	397	27	largest	large	ADJ
easat-9970	397	28	african	african	ADJ
easat-9970	397	29	financial	financial	ADJ
easat-9970	397	30	system	system	NOUN
easat-9970	397	31	stability	stability	NOUN
easat-9970	397	32	,	,	PUNCT
easat-9970	397	33	"	"	PUNCT
easat-9970	397	34	financial	financial	ADJ
easat-9970	397	35	innovation	innovation	NOUN
easat-9970	397	36	,	,	PUNCT
easat-9970	397	37	vol	vol	NOUN
easat-9970	397	38	.	.	PROPN
easat-9970	397	39	10	10	NUM
easat-9970	397	40	,	,	PUNCT
easat-9970	397	41	no	no	INTJ
easat-9970	397	42	.	.	NOUN
easat-9970	397	43	1	1	NUM
easat-9970	397	44	,	,	PUNCT
easat-9970	397	45	p.	p.	NOUN
easat-9970	397	46	article	article	NOUN
easat-9970	397	47	42	42	NUM
easat-9970	397	48	,	,	PUNCT
easat-9970	397	49	2024	2024	NUM
easat-9970	397	50	.	.	PUNCT
easat-9970	398	1	[	[	X
easat-9970	398	2	18	18	NUM
easat-9970	398	3	]	]	X
easat-9970	398	4	e.	e.	PROPN
easat-9970	398	5	f.	f.	PROPN
easat-9970	398	6	fama	fama	PROPN
easat-9970	398	7	,	,	PUNCT
easat-9970	398	8	"	"	PUNCT
easat-9970	398	9	efficient	efficient	ADJ
easat-9970	398	10	capital	capital	NOUN
easat-9970	398	11	markets	market	NOUN
easat-9970	398	12	:	:	PUNCT
easat-9970	398	13	a	a	DET
easat-9970	398	14	review	review	NOUN
easat-9970	398	15	of	of	ADP
easat-9970	398	16	theory	theory	NOUN
easat-9970	398	17	and	and	CCONJ
easat-9970	398	18	empirical	empirical	ADJ
easat-9970	398	19	work	work	NOUN
easat-9970	398	20	,	,	PUNCT
easat-9970	398	21	"	"	PUNCT
easat-9970	398	22	the	the	DET
easat-9970	398	23	journal	journal	NOUN
easat-9970	398	24	of	of	ADP
easat-9970	398	25	finance	finance	NOUN
easat-9970	398	26	,	,	PUNCT
easat-9970	398	27	vol	vol	NOUN
easat-9970	398	28	.	.	PROPN
easat-9970	398	29	25	25	NUM
easat-9970	398	30	,	,	PUNCT
easat-9970	398	31	no	no	INTJ
easat-9970	398	32	.	.	NOUN
easat-9970	398	33	2	2	NUM
easat-9970	398	34	,	,	PUNCT
easat-9970	398	35	pp	pp	ADJ
easat-9970	398	36	.	.	PUNCT
easat-9970	399	1	383	383	NUM
easat-9970	399	2	-	-	SYM
easat-9970	399	3	417	417	NUM
easat-9970	399	4	,	,	PUNCT
easat-9970	399	5	1970	1970	NUM
easat-9970	399	6	.	.	PUNCT
easat-9970	400	1	https://doi.org/10.2307/2325486	https://doi.org/10.2307/2325486	PUNCT
easat-9970	401	1	[	[	X
easat-9970	401	2	19	19	NUM
easat-9970	401	3	]	]	PUNCT
easat-9970	401	4	m.	m.	NOUN
easat-9970	401	5	c.	c.	PROPN
easat-9970	401	6	jensen	jensen	PROPN
easat-9970	401	7	and	and	CCONJ
easat-9970	401	8	w.	w.	PROPN
easat-9970	401	9	h.	h.	PROPN
easat-9970	401	10	meckling	meckling	PROPN
easat-9970	401	11	,	,	PUNCT
easat-9970	401	12	"	"	PUNCT
easat-9970	401	13	theory	theory	NOUN
easat-9970	401	14	of	of	ADP
easat-9970	401	15	the	the	DET
easat-9970	401	16	firm	firm	NOUN
easat-9970	401	17	:	:	PUNCT
easat-9970	401	18	managerial	managerial	ADJ
easat-9970	401	19	behavior	behavior	NOUN
easat-9970	401	20	,	,	PUNCT
easat-9970	401	21	agency	agency	NOUN
easat-9970	401	22	costs	cost	NOUN
easat-9970	401	23	and	and	CCONJ
easat-9970	401	24	ownership	ownership	NOUN
easat-9970	401	25	structure	structure	NOUN
easat-9970	401	26	,	,	PUNCT
easat-9970	401	27	"	"	PUNCT
easat-9970	401	28	journal	journal	NOUN
easat-9970	401	29	of	of	ADP
easat-9970	401	30	financial	financial	ADJ
easat-9970	401	31	economics	economic	NOUN
easat-9970	401	32	,	,	PUNCT
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easat-9970	401	40	,	,	PUNCT
easat-9970	401	41	pp	pp	ADJ
easat-9970	401	42	.	.	PUNCT
easat-9970	402	1	305	305	NUM
easat-9970	402	2	-	-	SYM
easat-9970	402	3	360	360	NUM
easat-9970	402	4	,	,	PUNCT
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easat-9970	402	6	.	.	PUNCT
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easat-9970	403	3	20	20	NUM
easat-9970	403	4	]	]	PUNCT
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easat-9970	403	6	h.	h.	PROPN
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easat-9970	403	30	,	,	PUNCT
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easat-9970	403	34	,	,	PUNCT
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easat-9970	403	36	.	.	PUNCT
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easat-9970	407	6	:	:	SYM
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easat-9970	407	8	-	-	SYM
easat-9970	407	9	769	769	NUM
easat-9970	407	10	,	,	PUNCT
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easat-9970	409	23	:	:	PUNCT
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easat-9970	409	38	,	,	PUNCT
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easat-9970	409	40	.	.	PUNCT
easat-9970	409	41	182	182	NUM
easat-9970	409	42	-	-	SYM
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easat-9970	409	44	,	,	PUNCT
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easat-9970	409	46	.	.	PUNCT
easat-9970	410	1	https://doi.org/10.1016/j.irfa.2018.09.003	https://doi.org/10.1016/j.irfa.2018.09.003	PROPN
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easat-9970	411	22	?	?	PUNCT
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easat-9970	411	31	.	.	PROPN
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easat-9970	412	2	,	,	PUNCT
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easat-9970	412	6	,	,	PUNCT
easat-9970	412	7	pp	pp	ADJ
easat-9970	412	8	.	.	PUNCT
easat-9970	413	1	1324	1324	NUM
easat-9970	413	2	-	-	SYM
easat-9970	413	3	1351	1351	NUM
easat-9970	413	4	,	,	PUNCT
easat-9970	413	5	2022	2022	NUM
easat-9970	413	6	.	.	PUNCT
easat-9970	414	1	https://doi.org/10.1002/fut.22336	https://doi.org/10.1002/fut.22336	NOUN
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easat-9970	415	2	23	23	NUM
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easat-9970	415	40	,	,	PUNCT
easat-9970	415	41	pp	pp	ADJ
easat-9970	415	42	.	.	PUNCT
easat-9970	416	1	632	632	NUM
easat-9970	416	2	-	-	SYM
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easat-9970	416	4	,	,	PUNCT
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easat-9970	417	3	24	24	NUM
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easat-9970	421	2	-	-	SYM
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easat-9970	421	4	,	,	PUNCT
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easat-9970	424	8	.	.	PUNCT
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easat-9970	425	2	-	-	SYM
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easat-9970	425	5	2005	2005	NUM
easat-9970	425	6	.	.	PUNCT
easat-9970	426	1	https://doi.org/10.1016/j.jfineco.2004.06.007	https://doi.org/10.1016/j.jfineco.2004.06.007	ADJ
easat-9970	426	2	[	[	X
easat-9970	426	3	27	27	NUM
easat-9970	426	4	]	]	PUNCT
easat-9970	426	5	a.	a.	NOUN
easat-9970	426	6	urquhart	urquhart	PROPN
easat-9970	426	7	,	,	PUNCT
easat-9970	426	8	"	"	PUNCT
easat-9970	426	9	the	the	DET
easat-9970	426	10	inefficiency	inefficiency	NOUN
easat-9970	426	11	of	of	ADP
easat-9970	426	12	bitcoin	bitcoin	NOUN
easat-9970	426	13	,	,	PUNCT
easat-9970	426	14	"	"	PUNCT
easat-9970	426	15	economics	economic	NOUN
easat-9970	426	16	letters	letter	NOUN
easat-9970	426	17	,	,	PUNCT
easat-9970	426	18	vol	vol	NOUN
easat-9970	426	19	.	.	NOUN
easat-9970	426	20	148	148	NUM
easat-9970	426	21	,	,	PUNCT
easat-9970	426	22	pp	pp	ADJ
easat-9970	426	23	.	.	PUNCT
easat-9970	427	1	80	80	NUM
easat-9970	427	2	-	-	SYM
easat-9970	427	3	82	82	NUM
easat-9970	427	4	,	,	PUNCT
easat-9970	427	5	2016	2016	NUM
easat-9970	427	6	.	.	PUNCT
easat-9970	428	1	https://doi.org/10.1016/j.econlet.2016.09.019	https://doi.org/10.1016/j.econlet.2016.09.019	NUM
easat-9970	428	2	[	[	X
easat-9970	428	3	28	28	NUM
easat-9970	428	4	]	]	X
easat-9970	428	5	e.	e.	PROPN
easat-9970	428	6	bouri	bouri	PROPN
easat-9970	428	7	,	,	PUNCT
easat-9970	428	8	p.	p.	NOUN
easat-9970	428	9	molnár	molnár	PROPN
easat-9970	428	10	,	,	PUNCT
easat-9970	428	11	g.	g.	PROPN
easat-9970	428	12	azzi	azzi	PROPN
easat-9970	428	13	,	,	PUNCT
easat-9970	428	14	d.	d.	PROPN
easat-9970	428	15	roubaud	roubaud	PROPN
easat-9970	428	16	,	,	PUNCT
easat-9970	428	17	and	and	CCONJ
easat-9970	428	18	l.	l.	PROPN
easat-9970	428	19	i.	i.	PROPN
easat-9970	428	20	hagfors	hagfor	NOUN
easat-9970	428	21	,	,	PUNCT
easat-9970	428	22	"	"	PUNCT
easat-9970	428	23	on	on	ADP
easat-9970	428	24	the	the	DET
easat-9970	428	25	hedge	hedge	NOUN
easat-9970	428	26	and	and	CCONJ
easat-9970	428	27	safe	safe	ADJ
easat-9970	428	28	haven	haven	NOUN
easat-9970	428	29	properties	property	NOUN
easat-9970	428	30	of	of	ADP
easat-9970	428	31	bitcoin	bitcoin	NOUN
easat-9970	428	32	:	:	PUNCT
easat-9970	428	33	is	be	AUX
easat-9970	428	34	it	it	PRON
easat-9970	428	35	really	really	ADV
easat-9970	428	36	more	more	ADJ
easat-9970	428	37	than	than	ADP
easat-9970	428	38	a	a	DET
easat-9970	428	39	diversifier	diversifier	NOUN
easat-9970	428	40	?	?	PUNCT
easat-9970	428	41	,	,	PUNCT
easat-9970	428	42	"	"	PUNCT
easat-9970	428	43	finance	finance	NOUN
easat-9970	428	44	research	research	NOUN
easat-9970	428	45	letters	letter	NOUN
easat-9970	428	46	,	,	PUNCT
easat-9970	428	47	vol	vol	NOUN
easat-9970	428	48	.	.	PROPN
easat-9970	428	49	20	20	NUM
easat-9970	428	50	,	,	PUNCT
easat-9970	428	51	pp	pp	ADJ
easat-9970	428	52	.	.	PUNCT
easat-9970	429	1	192	192	NUM
easat-9970	429	2	-	-	SYM
easat-9970	429	3	198	198	NUM
easat-9970	429	4	,	,	PUNCT
easat-9970	429	5	2017	2017	NUM
easat-9970	429	6	.	.	PUNCT
easat-9970	430	1	https://doi.org/10.1016/j.frl.2016.09.025	https://doi.org/10.1016/j.frl.2016.09.025	ADJ
easat-9970	430	2	[	[	X
easat-9970	430	3	29	29	NUM
easat-9970	430	4	]	]	PUNCT
easat-9970	430	5	e.	e.	PROPN
easat-9970	430	6	f.	f.	PROPN
easat-9970	430	7	fama	fama	PROPN
easat-9970	430	8	and	and	CCONJ
easat-9970	430	9	k.	k.	PROPN
easat-9970	430	10	r.	r.	PROPN
easat-9970	430	11	french	french	PROPN
easat-9970	430	12	,	,	PUNCT
easat-9970	430	13	"	"	PUNCT
easat-9970	430	14	common	common	ADJ
easat-9970	430	15	risk	risk	NOUN
easat-9970	430	16	factors	factor	NOUN
easat-9970	430	17	in	in	ADP
easat-9970	430	18	the	the	DET
easat-9970	430	19	returns	return	NOUN
easat-9970	430	20	on	on	ADP
easat-9970	430	21	stocks	stock	NOUN
easat-9970	430	22	and	and	CCONJ
easat-9970	430	23	bonds	bond	NOUN
easat-9970	430	24	,	,	PUNCT
easat-9970	430	25	"	"	PUNCT
easat-9970	430	26	journal	journal	NOUN
easat-9970	430	27	of	of	ADP
easat-9970	430	28	financial	financial	ADJ
easat-9970	430	29	economics	economic	NOUN
easat-9970	430	30	,	,	PUNCT
easat-9970	430	31	vol	vol	NOUN
easat-9970	430	32	.	.	PROPN
easat-9970	430	33	33	33	NUM
easat-9970	430	34	,	,	PUNCT
easat-9970	430	35	no	no	INTJ
easat-9970	430	36	.	.	NOUN
easat-9970	430	37	1	1	NUM
easat-9970	430	38	,	,	PUNCT
easat-9970	430	39	pp	pp	ADJ
easat-9970	430	40	.	.	PUNCT
easat-9970	431	1	3	3	NUM
easat-9970	431	2	-	-	SYM
easat-9970	431	3	56	56	NUM
easat-9970	431	4	,	,	PUNCT
easat-9970	431	5	1993	1993	NUM
easat-9970	431	6	.	.	PUNCT
easat-9970	432	1	https://doi.org/10.1016/0304-405x(93)90023-5	https://doi.org/10.1016/0304-405x(93)90023-5	PROPN
easat-9970	433	1	[	[	X
easat-9970	433	2	30	30	NUM
easat-9970	433	3	]	]	X
easat-9970	433	4	a.	a.	PROPN
easat-9970	433	5	narayanan	narayanan	PROPN
easat-9970	433	6	,	,	PUNCT
easat-9970	433	7	j.	j.	PROPN
easat-9970	433	8	bonneau	bonneau	PROPN
easat-9970	433	9	,	,	PUNCT
easat-9970	433	10	e.	e.	PROPN
easat-9970	433	11	felten	felten	PROPN
easat-9970	433	12	,	,	PUNCT
easat-9970	433	13	a.	a.	NOUN
easat-9970	433	14	miller	miller	PROPN
easat-9970	433	15	,	,	PUNCT
easat-9970	433	16	and	and	CCONJ
easat-9970	433	17	s.	s.	PROPN
easat-9970	433	18	goldfeder	goldfeder	PROPN
easat-9970	433	19	,	,	PUNCT
easat-9970	433	20	bitcoin	bitcoin	NOUN
easat-9970	433	21	and	and	CCONJ
easat-9970	433	22	cryptocurrency	cryptocurrency	NOUN
easat-9970	433	23	technologies	technology	NOUN
easat-9970	433	24	:	:	PUNCT
easat-9970	433	25	a	a	DET
easat-9970	433	26	comprehensive	comprehensive	ADJ
easat-9970	433	27	introduction	introduction	NOUN
easat-9970	433	28	.	.	PUNCT
easat-9970	434	1	princeton	princeton	PROPN
easat-9970	434	2	:	:	PUNCT
easat-9970	434	3	princeton	princeton	PROPN
easat-9970	434	4	university	university	PROPN
easat-9970	434	5	press	press	NOUN
easat-9970	434	6	,	,	PUNCT
easat-9970	434	7	2016	2016	NUM
easat-9970	434	8	.	.	PUNCT
easat-9970	435	1	[	[	X
easat-9970	435	2	31	31	NUM
easat-9970	435	3	]	]	X
easat-9970	435	4	c.	c.	PROPN
easat-9970	435	5	catalini	catalini	PROPN
easat-9970	435	6	and	and	CCONJ
easat-9970	435	7	j.	j.	PROPN
easat-9970	435	8	s.	s.	PROPN
easat-9970	435	9	gans	gans	PROPN
easat-9970	435	10	,	,	PUNCT
easat-9970	435	11	"	"	PUNCT
easat-9970	435	12	some	some	DET
easat-9970	435	13	simple	simple	ADJ
easat-9970	435	14	economics	economic	NOUN
easat-9970	435	15	of	of	ADP
easat-9970	435	16	the	the	DET
easat-9970	435	17	blockchain	blockchain	NOUN
easat-9970	435	18	,	,	PUNCT
easat-9970	435	19	"	"	PUNCT
easat-9970	435	20	communications	communication	NOUN
easat-9970	435	21	of	of	ADP
easat-9970	435	22	the	the	DET
easat-9970	435	23	acm	acm	NOUN
easat-9970	435	24	,	,	PUNCT
easat-9970	435	25	vol	vol	NOUN
easat-9970	435	26	.	.	PROPN
easat-9970	435	27	63	63	NUM
easat-9970	435	28	,	,	PUNCT
easat-9970	435	29	no	no	INTJ
easat-9970	435	30	.	.	NOUN
easat-9970	435	31	7	7	NUM
easat-9970	435	32	,	,	PUNCT
easat-9970	435	33	pp	pp	ADJ
easat-9970	435	34	.	.	PUNCT
easat-9970	436	1	80	80	NUM
easat-9970	436	2	-	-	SYM
easat-9970	436	3	90	90	NUM
easat-9970	436	4	,	,	PUNCT
easat-9970	436	5	2020	2020	NUM
easat-9970	436	6	.	.	PUNCT
easat-9970	436	7	https://doi.org/10.1145/3359552	https://doi.org/10.1145/3359552	X
easat-9970	437	1	[	[	X
easat-9970	437	2	32	32	NUM
easat-9970	437	3	]	]	PUNCT
easat-9970	437	4	d.	d.	PROPN
easat-9970	437	5	g.	g.	PROPN
easat-9970	437	6	baur	baur	PROPN
easat-9970	437	7	,	,	PUNCT
easat-9970	437	8	k.	k.	PROPN
easat-9970	437	9	hong	hong	PROPN
easat-9970	437	10	,	,	PUNCT
easat-9970	437	11	and	and	CCONJ
easat-9970	437	12	a.	a.	PROPN
easat-9970	437	13	d.	d.	PROPN
easat-9970	437	14	lee	lee	PROPN
easat-9970	437	15	,	,	PUNCT
easat-9970	437	16	"	"	PUNCT
easat-9970	437	17	bitcoin	bitcoin	ADJ
easat-9970	437	18	:	:	PUNCT
easat-9970	437	19	medium	medium	NOUN
easat-9970	437	20	of	of	ADP
easat-9970	437	21	exchange	exchange	NOUN
easat-9970	437	22	or	or	CCONJ
easat-9970	437	23	speculative	speculative	ADJ
easat-9970	437	24	assets	asset	NOUN
easat-9970	437	25	?	?	PUNCT
easat-9970	437	26	,	,	PUNCT
easat-9970	437	27	"	"	PUNCT
easat-9970	437	28	journal	journal	NOUN
easat-9970	437	29	of	of	ADP
easat-9970	437	30	international	international	ADJ
easat-9970	437	31	financial	financial	ADJ
easat-9970	437	32	markets	market	NOUN
easat-9970	437	33	,	,	PUNCT
easat-9970	437	34	institutions	institution	NOUN
easat-9970	437	35	and	and	CCONJ
easat-9970	437	36	money	money	NOUN
easat-9970	437	37	,	,	PUNCT
easat-9970	437	38	vol	vol	NOUN
easat-9970	437	39	.	.	PROPN
easat-9970	437	40	54	54	NUM
easat-9970	437	41	,	,	PUNCT
easat-9970	437	42	pp	pp	ADJ
easat-9970	437	43	.	.	PUNCT
easat-9970	438	1	177	177	NUM
easat-9970	438	2	-	-	SYM
easat-9970	438	3	189	189	NUM
easat-9970	438	4	,	,	PUNCT
easat-9970	438	5	2018	2018	NUM
easat-9970	438	6	.	.	PUNCT
easat-9970	439	1	https://doi.org/10.1016/j.intfin.2017.12.004	https://doi.org/10.1016/j.intfin.2017.12.004	VERB
easat-9970	439	2	[	[	PUNCT
easat-9970	439	3	33	33	NUM
easat-9970	439	4	]	]	PUNCT
easat-9970	439	5	j.	j.	PROPN
easat-9970	439	6	y.	y.	PROPN
easat-9970	439	7	campbell	campbell	PROPN
easat-9970	439	8	,	,	PUNCT
easat-9970	439	9	a.	a.	PROPN
easat-9970	439	10	w.	w.	PROPN
easat-9970	439	11	lo	lo	PROPN
easat-9970	439	12	,	,	PUNCT
easat-9970	439	13	and	and	CCONJ
easat-9970	439	14	a.	a.	PROPN
easat-9970	439	15	c.	c.	PROPN
easat-9970	439	16	mackinlay	mackinlay	PROPN
easat-9970	439	17	,	,	PUNCT
easat-9970	439	18	the	the	DET
easat-9970	439	19	econometrics	econometrics	NOUN
easat-9970	439	20	of	of	ADP
easat-9970	439	21	financial	financial	ADJ
easat-9970	439	22	markets	market	NOUN
easat-9970	439	23	.	.	PUNCT
easat-9970	440	1	princeton	princeton	PROPN
easat-9970	440	2	,	,	PUNCT
easat-9970	440	3	nj	nj	PROPN
easat-9970	440	4	:	:	PUNCT
easat-9970	440	5	princeton	princeton	PROPN
easat-9970	440	6	university	university	PROPN
easat-9970	440	7	press	press	NOUN
easat-9970	440	8	,	,	PUNCT
easat-9970	440	9	2012	2012	NUM
easat-9970	440	10	.	.	PUNCT
easat-9970	441	1	[	[	X
easat-9970	441	2	34	34	NUM
easat-9970	441	3	]	]	X
easat-9970	441	4	g.	g.	NOUN
easat-9970	441	5	bekaert	bekaert	PROPN
easat-9970	441	6	and	and	CCONJ
easat-9970	441	7	c.	c.	PROPN
easat-9970	441	8	r.	r.	PROPN
easat-9970	441	9	harvey	harvey	PROPN
easat-9970	441	10	,	,	PUNCT
easat-9970	441	11	"	"	PUNCT
easat-9970	441	12	emerging	emerge	VERB
easat-9970	441	13	equity	equity	NOUN
easat-9970	441	14	market	market	NOUN
easat-9970	441	15	volatility	volatility	NOUN
easat-9970	441	16	,	,	PUNCT
easat-9970	441	17	"	"	PUNCT
easat-9970	441	18	journal	journal	NOUN
easat-9970	441	19	of	of	ADP
easat-9970	441	20	financial	financial	ADJ
easat-9970	441	21	economics	economic	NOUN
easat-9970	441	22	,	,	PUNCT
easat-9970	441	23	vol	vol	NOUN
easat-9970	441	24	.	.	PROPN
easat-9970	441	25	43	43	NUM
easat-9970	441	26	,	,	PUNCT
easat-9970	441	27	no	no	INTJ
easat-9970	441	28	.	.	NOUN
easat-9970	441	29	1	1	NUM
easat-9970	441	30	,	,	PUNCT
easat-9970	441	31	pp	pp	ADJ
easat-9970	441	32	.	.	PUNCT
easat-9970	441	33	29	29	NUM
easat-9970	441	34	-	-	SYM
easat-9970	441	35	77	77	NUM
easat-9970	441	36	,	,	PUNCT
easat-9970	441	37	1997	1997	NUM
easat-9970	441	38	.	.	PUNCT
easat-9970	442	1	https://doi.org/10.1016/s0304-405x(96)00889-6	https://doi.org/10.1016/s0304-405x(96)00889-6	ADJ
easat-9970	442	2	[	[	X
easat-9970	442	3	35	35	NUM
easat-9970	442	4	]	]	PUNCT
easat-9970	442	5	k.	k.	PROPN
easat-9970	442	6	m.	m.	PROPN
easat-9970	442	7	eisenhardt	eisenhardt	PROPN
easat-9970	442	8	,	,	PUNCT
easat-9970	442	9	"	"	PUNCT
easat-9970	442	10	agency	agency	NOUN
easat-9970	442	11	theory	theory	NOUN
easat-9970	442	12	:	:	PUNCT
easat-9970	442	13	an	an	DET
easat-9970	442	14	assessment	assessment	NOUN
easat-9970	442	15	and	and	CCONJ
easat-9970	442	16	review	review	NOUN
easat-9970	442	17	,	,	PUNCT
easat-9970	442	18	"	"	PUNCT
easat-9970	442	19	academy	academy	NOUN
easat-9970	442	20	of	of	ADP
easat-9970	442	21	management	management	PROPN
easat-9970	442	22	review	review	PROPN
easat-9970	442	23	,	,	PUNCT
easat-9970	442	24	vol	vol	NOUN
easat-9970	442	25	.	.	PROPN
easat-9970	442	26	14	14	NUM
easat-9970	442	27	,	,	PUNCT
easat-9970	442	28	no	no	INTJ
easat-9970	442	29	.	.	NOUN
easat-9970	442	30	1	1	NUM
easat-9970	442	31	,	,	PUNCT
easat-9970	442	32	pp	pp	ADJ
easat-9970	442	33	.	.	PUNCT
easat-9970	442	34	5774	5774	NUM
easat-9970	442	35	,	,	PUNCT
easat-9970	442	36	1989	1989	NUM
easat-9970	442	37	.	.	PUNCT
easat-9970	443	1	https://doi.org/10.5465/amr.1989.4279003	https://doi.org/10.5465/amr.1989.4279003	PROPN
easat-9970	444	1	[	[	X
easat-9970	444	2	36	36	NUM
easat-9970	444	3	]	]	PUNCT
easat-9970	444	4	m.	m.	NOUN
easat-9970	444	5	k.	k.	PROPN
easat-9970	444	6	brunnermeier	brunnermeier	PROPN
easat-9970	444	7	and	and	CCONJ
easat-9970	444	8	l.	l.	PROPN
easat-9970	444	9	h.	h.	PROPN
easat-9970	444	10	pedersen	pedersen	PROPN
easat-9970	444	11	,	,	PUNCT
easat-9970	444	12	"	"	PUNCT
easat-9970	444	13	market	market	NOUN
easat-9970	444	14	liquidity	liquidity	NOUN
easat-9970	444	15	and	and	CCONJ
easat-9970	444	16	funding	funding	NOUN
easat-9970	444	17	liquidity	liquidity	NOUN
easat-9970	444	18	,	,	PUNCT
easat-9970	444	19	"	"	PUNCT
easat-9970	444	20	the	the	DET
easat-9970	444	21	review	review	NOUN
easat-9970	444	22	of	of	ADP
easat-9970	444	23	financial	financial	ADJ
easat-9970	444	24	studies	study	NOUN
easat-9970	444	25	,	,	PUNCT
easat-9970	444	26	vol	vol	NOUN
easat-9970	444	27	.	.	PROPN
easat-9970	445	1	22	22	NUM
easat-9970	445	2	,	,	PUNCT
easat-9970	445	3	no	no	INTJ
easat-9970	445	4	.	.	NOUN
easat-9970	445	5	6	6	NUM
easat-9970	445	6	,	,	PUNCT
easat-9970	445	7	pp	pp	ADJ
easat-9970	445	8	.	.	PUNCT
easat-9970	446	1	2201	2201	NUM
easat-9970	446	2	-	-	SYM
easat-9970	446	3	2238	2238	NUM
easat-9970	446	4	,	,	PUNCT
easat-9970	446	5	2009	2009	NUM
easat-9970	446	6	.	.	PUNCT
easat-9970	447	1	https://doi.org/10.1093/rfs/hhn098	https://doi.org/10.1093/rfs/hhn098	PROPN
easat-9970	448	1	[	[	X
easat-9970	448	2	37	37	NUM
easat-9970	448	3	]	]	X
easat-9970	448	4	y.	y.	PROPN
easat-9970	448	5	amihud	amihud	PROPN
easat-9970	448	6	,	,	PUNCT
easat-9970	448	7	"	"	PUNCT
easat-9970	448	8	illiquidity	illiquidity	NOUN
easat-9970	448	9	and	and	CCONJ
easat-9970	448	10	stock	stock	NOUN
easat-9970	448	11	returns	return	NOUN
easat-9970	448	12	:	:	PUNCT
easat-9970	448	13	cross	cross	NOUN
easat-9970	448	14	-	-	NOUN
easat-9970	448	15	section	section	NOUN
easat-9970	448	16	and	and	CCONJ
easat-9970	448	17	time	time	NOUN
easat-9970	448	18	-	-	PUNCT
easat-9970	448	19	series	series	NOUN
easat-9970	448	20	effects	effect	NOUN
easat-9970	448	21	,	,	PUNCT
easat-9970	448	22	"	"	PUNCT
easat-9970	448	23	journal	journal	NOUN
easat-9970	448	24	of	of	ADP
easat-9970	448	25	financial	financial	ADJ
easat-9970	448	26	markets	market	NOUN
easat-9970	448	27	,	,	PUNCT
easat-9970	448	28	vol	vol	NOUN
easat-9970	448	29	.	.	PROPN
easat-9970	449	1	5	5	NUM
easat-9970	449	2	,	,	PUNCT
easat-9970	449	3	no	no	INTJ
easat-9970	449	4	.	.	NOUN
easat-9970	449	5	1	1	NUM
easat-9970	449	6	,	,	PUNCT
easat-9970	449	7	pp	pp	ADJ
easat-9970	449	8	.	.	PUNCT
easat-9970	450	1	31	31	NUM
easat-9970	450	2	-	-	SYM
easat-9970	450	3	56	56	NUM
easat-9970	450	4	,	,	PUNCT
easat-9970	450	5	2002	2002	NUM
easat-9970	450	6	.	.	PUNCT
easat-9970	451	1	https://doi.org/10.1016/s1386-4181(01)00024-6	https://doi.org/10.1016/s1386-4181(01)00024-6	PROPN
easat-9970	452	1	[	[	X
easat-9970	452	2	38	38	NUM
easat-9970	452	3	]	]	PUNCT
easat-9970	452	4	i.	i.	PROPN
easat-9970	452	5	makarov	makarov	PROPN
easat-9970	452	6	and	and	CCONJ
easat-9970	452	7	a.	a.	NOUN
easat-9970	452	8	schoar	schoar	NOUN
easat-9970	452	9	,	,	PUNCT
easat-9970	452	10	"	"	PUNCT
easat-9970	452	11	trading	trading	NOUN
easat-9970	452	12	and	and	CCONJ
easat-9970	452	13	arbitrage	arbitrage	NOUN
easat-9970	452	14	in	in	ADP
easat-9970	452	15	cryptocurrency	cryptocurrency	NOUN
easat-9970	452	16	markets	market	NOUN
easat-9970	452	17	,	,	PUNCT
easat-9970	452	18	"	"	PUNCT
easat-9970	452	19	journal	journal	NOUN
easat-9970	452	20	of	of	ADP
easat-9970	452	21	financial	financial	ADJ
easat-9970	452	22	economics	economic	NOUN
easat-9970	452	23	,	,	PUNCT
easat-9970	452	24	vol	vol	NOUN
easat-9970	452	25	.	.	PROPN
easat-9970	452	26	135	135	NUM
easat-9970	452	27	,	,	PUNCT
easat-9970	452	28	no	no	INTJ
easat-9970	452	29	.	.	NOUN
easat-9970	452	30	2	2	NUM
easat-9970	452	31	,	,	PUNCT
easat-9970	452	32	pp	pp	ADJ
easat-9970	452	33	.	.	PUNCT
easat-9970	452	34	293	293	NUM
easat-9970	452	35	-	-	SYM
easat-9970	452	36	319	319	NUM
easat-9970	452	37	,	,	PUNCT
easat-9970	452	38	2020	2020	NUM
easat-9970	452	39	.	.	PUNCT
easat-9970	453	1	https://doi.org/10.1016/j.jfineco.2019.07.001	https://doi.org/10.1016/j.jfineco.2019.07.001	NOUN
easat-9970	453	2	https://doi.org/10.1016/j.irfa.2018.09.003	https://doi.org/10.1016/j.irfa.2018.09.003	PROPN
easat-9970	453	3	https://doi.org/10.1002/fut.22336	https://doi.org/10.1002/fut.22336	PROPN
easat-9970	453	4	https://doi.org/10.1016/j.jfineco.2011.10.013	https://doi.org/10.1016/j.jfineco.2011.10.013	VERB
easat-9970	453	5	https://doi.org/10.1111/j.1540-6261.2008.01416.x	https://doi.org/10.1111/j.1540-6261.2008.01416.x	ADJ
easat-9970	453	6	https://doi.org/10.1111/jacf.12533	https://doi.org/10.1111/jacf.12533	PROPN
easat-9970	454	1	https://doi.org/10.1016/j.jfineco.2004.06.007	https://doi.org/10.1016/j.jfineco.2004.06.007	PROPN
easat-9970	454	2	https://doi.org/10.1016/j.econlet.2016.09.019	https://doi.org/10.1016/j.econlet.2016.09.019	NUM
easat-9970	454	3	https://doi.org/10.1016/j.frl.2016.09.025	https://doi.org/10.1016/j.frl.2016.09.025	ADJ
easat-9970	454	4	https://doi.org/10.1016/0304-405x(93)90023-5	https://doi.org/10.1016/0304-405x(93)90023-5	PROPN
easat-9970	454	5	https://doi.org/10.1145/3359552	https://doi.org/10.1145/3359552	PRON
easat-9970	454	6	https://doi.org/10.1016/j.intfin.2017.12.004	https://doi.org/10.1016/j.intfin.2017.12.004	VERB
easat-9970	454	7	https://doi.org/10.1016/s0304-405x(96)00889-6	https://doi.org/10.1016/s0304-405x(96)00889-6	ADJ
easat-9970	454	8	https://doi.org/10.5465/amr.1989.4279003	https://doi.org/10.5465/amr.1989.4279003	ADJ
easat-9970	454	9	https://doi.org/10.1093/rfs/hhn098	https://doi.org/10.1093/rfs/hhn098	PROPN
easat-9970	454	10	https://doi.org/10.1016/s1386-4181(01)00024-6	https://doi.org/10.1016/s1386-4181(01)00024-6	PROPN
easat-9970	454	11	https://doi.org/10.1016/j.jfineco.2019.07.001	https://doi.org/10.1016/j.jfineco.2019.07.001	PROPN