id	sid	tid	token	lemma	pos
emaj-162	1	1	volume	volume	NOUN
emaj-162	1	2	7	7	NUM
emaj-162	1	3	no	no	DET
emaj-162	1	4	2	2	NUM
emaj-162	1	5	(	(	PUNCT
emaj-162	1	6	2018	2018	NUM
emaj-162	1	7	)	)	PUNCT
emaj-162	2	1	|	|	ADV
emaj-162	2	2	issn	issn	VERB
emaj-162	2	3	2158	2158	NUM
emaj-162	2	4	-	-	SYM
emaj-162	2	5	8708	8708	NUM
emaj-162	2	6	(	(	PUNCT
emaj-162	2	7	online	online	NOUN
emaj-162	2	8	)	)	PUNCT
emaj-162	2	9	|	|	ADV
emaj-162	2	10	doi	doi	X
emaj-162	2	11	10.5195	10.5195	NUM
emaj-162	2	12	/	/	SYM
emaj-162	2	13	emaj.2018.134	emaj.2018.134	PROPN
emaj-162	2	14	|	|	ADV
emaj-162	2	15	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	2	16	mergers	merger	NOUN
emaj-162	2	17	,	,	PUNCT
emaj-162	2	18	acquisitions	acquisition	NOUN
emaj-162	2	19	and	and	CCONJ
emaj-162	2	20	financial	financial	ADJ
emaj-162	2	21	performance	performance	NOUN
emaj-162	2	22	:	:	PUNCT
emaj-162	2	23	a	a	DET
emaj-162	2	24	study	study	NOUN
emaj-162	2	25	of	of	ADP
emaj-162	2	26	selected	select	VERB
emaj-162	2	27	financial	financial	ADJ
emaj-162	2	28	institutions	institution	NOUN
emaj-162	2	29	tarila	tarila	PROPN
emaj-162	2	30	boloupremo	boloupremo	PROPN
emaj-162	2	31	university	university	PROPN
emaj-162	2	32	of	of	ADP
emaj-162	2	33	africa	africa	PROPN
emaj-162	2	34	,	,	PUNCT
emaj-162	2	35	nigeria	nigeria	PROPN
emaj-162	3	1	|	|	ADV
emaj-162	3	2	tboloupremo@gmail.com	tboloupremo@gmail.com	PROPN
emaj-162	3	3	samson	samson	PROPN
emaj-162	3	4	ogege	ogege	PROPN
emaj-162	3	5	university	university	PROPN
emaj-162	3	6	of	of	ADP
emaj-162	3	7	lagos	lagos	PROPN
emaj-162	3	8	,	,	PUNCT
emaj-162	3	9	nigeria	nigeria	PROPN
emaj-162	4	1	|	|	ADV
emaj-162	4	2	samsonogege@yahoo.com	samsonogege@yahoo.com	PUNCT
emaj-162	5	1	abstract	abstract	ADJ
emaj-162	5	2	the	the	DET
emaj-162	5	3	aim	aim	NOUN
emaj-162	5	4	of	of	ADP
emaj-162	5	5	the	the	DET
emaj-162	5	6	study	study	NOUN
emaj-162	5	7	is	be	AUX
emaj-162	5	8	to	to	PART
emaj-162	5	9	examine	examine	VERB
emaj-162	5	10	the	the	DET
emaj-162	5	11	impact	impact	NOUN
emaj-162	5	12	of	of	ADP
emaj-162	5	13	mergers	merger	NOUN
emaj-162	5	14	and	and	CCONJ
emaj-162	5	15	acquisition	acquisition	NOUN
emaj-162	5	16	on	on	ADP
emaj-162	5	17	financial	financial	ADJ
emaj-162	5	18	performance	performance	NOUN
emaj-162	5	19	in	in	ADP
emaj-162	5	20	the	the	DET
emaj-162	5	21	nigerian	nigerian	ADJ
emaj-162	5	22	financial	financial	ADJ
emaj-162	5	23	system	system	NOUN
emaj-162	5	24	.	.	PUNCT
emaj-162	6	1	the	the	DET
emaj-162	6	2	study	study	NOUN
emaj-162	6	3	examined	examine	VERB
emaj-162	6	4	selected	select	VERB
emaj-162	6	5	financial	financial	ADJ
emaj-162	6	6	institutions	institution	NOUN
emaj-162	6	7	in	in	ADP
emaj-162	6	8	the	the	DET
emaj-162	6	9	banking	banking	NOUN
emaj-162	6	10	sector	sector	NOUN
emaj-162	6	11	.	.	PUNCT
emaj-162	7	1	specifically	specifically	ADV
emaj-162	7	2	,	,	PUNCT
emaj-162	7	3	some	some	DET
emaj-162	7	4	financial	financial	ADJ
emaj-162	7	5	indicators	indicator	NOUN
emaj-162	7	6	such	such	ADJ
emaj-162	7	7	as	as	ADP
emaj-162	7	8	asset	asset	NOUN
emaj-162	7	9	profile	profile	NOUN
emaj-162	7	10	,	,	PUNCT
emaj-162	7	11	credit	credit	NOUN
emaj-162	7	12	risk	risk	NOUN
emaj-162	7	13	,	,	PUNCT
emaj-162	7	14	capital	capital	NOUN
emaj-162	7	15	structure	structure	NOUN
emaj-162	7	16	,	,	PUNCT
emaj-162	7	17	liquidity	liquidity	NOUN
emaj-162	7	18	,	,	PUNCT
emaj-162	7	19	size	size	NOUN
emaj-162	7	20	and	and	CCONJ
emaj-162	7	21	cost	cost	NOUN
emaj-162	7	22	control	control	NOUN
emaj-162	7	23	ratios	ratio	NOUN
emaj-162	7	24	,	,	PUNCT
emaj-162	7	25	were	be	AUX
emaj-162	7	26	extracted	extract	VERB
emaj-162	7	27	from	from	ADP
emaj-162	7	28	the	the	DET
emaj-162	7	29	audited	audit	VERB
emaj-162	7	30	financial	financial	ADJ
emaj-162	7	31	reports	report	NOUN
emaj-162	7	32	of	of	ADP
emaj-162	7	33	the	the	DET
emaj-162	7	34	selected	select	VERB
emaj-162	7	35	banks	bank	NOUN
emaj-162	7	36	for	for	ADP
emaj-162	7	37	the	the	DET
emaj-162	7	38	period	period	NOUN
emaj-162	7	39	2000	2000	NUM
emaj-162	7	40	-	-	SYM
emaj-162	7	41	2010	2010	NUM
emaj-162	7	42	to	to	PART
emaj-162	7	43	compare	compare	VERB
emaj-162	7	44	the	the	DET
emaj-162	7	45	performance	performance	NOUN
emaj-162	7	46	of	of	ADP
emaj-162	7	47	the	the	DET
emaj-162	7	48	selected	select	VERB
emaj-162	7	49	financial	financial	ADJ
emaj-162	7	50	institutions	institution	NOUN
emaj-162	7	51	in	in	ADP
emaj-162	7	52	the	the	DET
emaj-162	7	53	ex	ex	NOUN
emaj-162	7	54	-	-	NOUN
emaj-162	7	55	ante	ante	NOUN
emaj-162	7	56	period	period	NOUN
emaj-162	7	57	and	and	CCONJ
emaj-162	7	58	compare	compare	VERB
emaj-162	7	59	these	these	DET
emaj-162	7	60	performance	performance	NOUN
emaj-162	7	61	with	with	ADP
emaj-162	7	62	the	the	DET
emaj-162	7	63	ex	ex	ADJ
emaj-162	7	64	post	post	NOUN
emaj-162	7	65	period	period	NOUN
emaj-162	7	66	of	of	ADP
emaj-162	7	67	their	their	PRON
emaj-162	7	68	mergers	merger	NOUN
emaj-162	7	69	and	and	CCONJ
emaj-162	7	70	acquisitions	acquisition	NOUN
emaj-162	7	71	.	.	PUNCT
emaj-162	8	1	longitudinal	longitudinal	ADJ
emaj-162	8	2	and	and	CCONJ
emaj-162	8	3	time	time	NOUN
emaj-162	8	4	series	series	PROPN
emaj-162	8	5	analyses	analysis	NOUN
emaj-162	8	6	were	be	AUX
emaj-162	8	7	employed	employ	VERB
emaj-162	8	8	to	to	PART
emaj-162	8	9	observe	observe	VERB
emaj-162	8	10	the	the	DET
emaj-162	8	11	performance	performance	NOUN
emaj-162	8	12	of	of	ADP
emaj-162	8	13	the	the	DET
emaj-162	8	14	selected	select	VERB
emaj-162	8	15	banks	bank	NOUN
emaj-162	8	16	.	.	PUNCT
emaj-162	9	1	results	result	NOUN
emaj-162	9	2	from	from	ADP
emaj-162	9	3	the	the	DET
emaj-162	9	4	analysis	analysis	NOUN
emaj-162	9	5	suggest	suggest	VERB
emaj-162	9	6	that	that	SCONJ
emaj-162	9	7	credit	credit	NOUN
emaj-162	9	8	risks	risk	NOUN
emaj-162	9	9	showed	show	VERB
emaj-162	9	10	a	a	DET
emaj-162	9	11	better	well	ADJ
emaj-162	9	12	post	post	NOUN
emaj-162	9	13	merger	merger	NOUN
emaj-162	9	14	performance	performance	NOUN
emaj-162	9	15	,	,	PUNCT
emaj-162	9	16	but	but	CCONJ
emaj-162	9	17	were	be	AUX
emaj-162	9	18	statistically	statistically	ADV
emaj-162	9	19	insignificant	insignificant	ADJ
emaj-162	9	20	and	and	CCONJ
emaj-162	9	21	negatively	negatively	ADV
emaj-162	9	22	related	relate	VERB
emaj-162	9	23	with	with	ADP
emaj-162	9	24	the	the	DET
emaj-162	9	25	performance	performance	NOUN
emaj-162	9	26	of	of	ADP
emaj-162	9	27	the	the	DET
emaj-162	9	28	selected	select	VERB
emaj-162	9	29	financial	financial	ADJ
emaj-162	9	30	institution	institution	NOUN
emaj-162	9	31	pre	pre	NOUN
emaj-162	9	32	-	-	NOUN
emaj-162	9	33	merger	merger	NOUN
emaj-162	9	34	.	.	PUNCT
emaj-162	10	1	asset	asset	NOUN
emaj-162	10	2	profile	profile	NOUN
emaj-162	10	3	was	be	AUX
emaj-162	10	4	found	find	VERB
emaj-162	10	5	to	to	PART
emaj-162	10	6	be	be	AUX
emaj-162	10	7	significant	significant	ADJ
emaj-162	10	8	and	and	CCONJ
emaj-162	10	9	positively	positively	ADV
emaj-162	10	10	related	relate	VERB
emaj-162	10	11	with	with	ADP
emaj-162	10	12	post	post	NOUN
emaj-162	10	13	-	-	NOUN
emaj-162	10	14	merger	merger	NOUN
emaj-162	10	15	in	in	ADP
emaj-162	10	16	relation	relation	NOUN
emaj-162	10	17	to	to	ADP
emaj-162	10	18	the	the	DET
emaj-162	10	19	performance	performance	NOUN
emaj-162	10	20	of	of	ADP
emaj-162	10	21	the	the	DET
emaj-162	10	22	selected	select	VERB
emaj-162	10	23	financial	financial	ADJ
emaj-162	10	24	institutions	institution	NOUN
emaj-162	10	25	,	,	PUNCT
emaj-162	10	26	but	but	CCONJ
emaj-162	10	27	it	it	PRON
emaj-162	10	28	was	be	AUX
emaj-162	10	29	insignificant	insignificant	ADJ
emaj-162	10	30	and	and	CCONJ
emaj-162	10	31	negatively	negatively	ADV
emaj-162	10	32	related	relate	VERB
emaj-162	10	33	to	to	ADP
emaj-162	10	34	the	the	DET
emaj-162	10	35	financial	financial	ADJ
emaj-162	10	36	performance	performance	NOUN
emaj-162	10	37	of	of	ADP
emaj-162	10	38	the	the	DET
emaj-162	10	39	selected	select	VERB
emaj-162	10	40	firms	firm	NOUN
emaj-162	10	41	pre	pre	NOUN
emaj-162	10	42	-	-	NOUN
emaj-162	10	43	merger	merger	NOUN
emaj-162	10	44	.	.	PUNCT
emaj-162	11	1	capital	capital	NOUN
emaj-162	11	2	structure	structure	NOUN
emaj-162	11	3	of	of	ADP
emaj-162	11	4	the	the	DET
emaj-162	11	5	selected	select	VERB
emaj-162	11	6	firms	firm	NOUN
emaj-162	11	7	was	be	AUX
emaj-162	11	8	found	find	VERB
emaj-162	11	9	to	to	PART
emaj-162	11	10	be	be	AUX
emaj-162	11	11	significant	significant	ADJ
emaj-162	11	12	and	and	CCONJ
emaj-162	11	13	positively	positively	ADV
emaj-162	11	14	related	relate	VERB
emaj-162	11	15	to	to	ADP
emaj-162	11	16	the	the	DET
emaj-162	11	17	performance	performance	NOUN
emaj-162	11	18	of	of	ADP
emaj-162	11	19	the	the	DET
emaj-162	11	20	firms	firm	NOUN
emaj-162	11	21	’	'	PUNCT
emaj-162	11	22	pre	pre	NOUN
emaj-162	11	23	-	-	NOUN
emaj-162	11	24	merger	merger	NOUN
emaj-162	11	25	,	,	PUNCT
emaj-162	11	26	but	but	CCONJ
emaj-162	11	27	insignificant	insignificant	ADJ
emaj-162	11	28	and	and	CCONJ
emaj-162	11	29	negatively	negatively	ADV
emaj-162	11	30	related	relate	VERB
emaj-162	11	31	to	to	ADP
emaj-162	11	32	the	the	DET
emaj-162	11	33	performance	performance	NOUN
emaj-162	11	34	of	of	ADP
emaj-162	11	35	the	the	DET
emaj-162	11	36	firms	firm	NOUN
emaj-162	11	37	post	post	NOUN
emaj-162	11	38	-	-	NOUN
emaj-162	11	39	merger	merger	NOUN
emaj-162	11	40	.	.	PUNCT
emaj-162	12	1	liquidity	liquidity	NOUN
emaj-162	12	2	of	of	ADP
emaj-162	12	3	the	the	DET
emaj-162	12	4	firms	firm	NOUN
emaj-162	12	5	indicated	indicate	VERB
emaj-162	12	6	a	a	DET
emaj-162	12	7	significant	significant	ADJ
emaj-162	12	8	and	and	CCONJ
emaj-162	12	9	positive	positive	ADJ
emaj-162	12	10	relationship	relationship	NOUN
emaj-162	12	11	with	with	ADP
emaj-162	12	12	the	the	DET
emaj-162	12	13	performance	performance	NOUN
emaj-162	12	14	of	of	ADP
emaj-162	12	15	the	the	DET
emaj-162	12	16	banks	bank	NOUN
emaj-162	12	17	pre	pre	NOUN
emaj-162	12	18	-	-	NOUN
emaj-162	12	19	merger	merger	NOUN
emaj-162	12	20	.	.	PUNCT
emaj-162	13	1	however	however	ADV
emaj-162	13	2	,	,	PUNCT
emaj-162	13	3	post	post	NOUN
emaj-162	13	4	merger	merger	NOUN
emaj-162	13	5	result	result	NOUN
emaj-162	13	6	indicates	indicate	VERB
emaj-162	13	7	that	that	SCONJ
emaj-162	13	8	,	,	PUNCT
emaj-162	13	9	there	there	PRON
emaj-162	13	10	was	be	VERB
emaj-162	13	11	no	no	DET
emaj-162	13	12	significant	significant	ADJ
emaj-162	13	13	and	and	CCONJ
emaj-162	13	14	positive	positive	ADJ
emaj-162	13	15	relationship	relationship	NOUN
emaj-162	13	16	between	between	ADP
emaj-162	13	17	the	the	DET
emaj-162	13	18	liquidity	liquidity	NOUN
emaj-162	13	19	of	of	ADP
emaj-162	13	20	the	the	DET
emaj-162	13	21	firms	firm	NOUN
emaj-162	13	22	and	and	CCONJ
emaj-162	13	23	financial	financial	ADJ
emaj-162	13	24	performance	performance	NOUN
emaj-162	13	25	postmerger	postmerger	NOUN
emaj-162	13	26	.	.	PUNCT
emaj-162	14	1	the	the	DET
emaj-162	14	2	size	size	NOUN
emaj-162	14	3	of	of	ADP
emaj-162	14	4	the	the	DET
emaj-162	14	5	selected	select	VERB
emaj-162	14	6	banks	bank	NOUN
emaj-162	14	7	indicated	indicate	VERB
emaj-162	14	8	a	a	DET
emaj-162	14	9	significant	significant	ADJ
emaj-162	14	10	relationship	relationship	NOUN
emaj-162	14	11	with	with	ADP
emaj-162	14	12	their	their	PRON
emaj-162	14	13	performance	performance	NOUN
emaj-162	14	14	in	in	ADP
emaj-162	14	15	both	both	CCONJ
emaj-162	14	16	the	the	DET
emaj-162	14	17	pre	pre	NOUN
emaj-162	14	18	-	-	NOUN
emaj-162	14	19	merger	merger	ADJ
emaj-162	14	20	and	and	CCONJ
emaj-162	14	21	post	post	ADJ
emaj-162	14	22	-	-	ADJ
emaj-162	14	23	merger	merger	ADJ
emaj-162	14	24	periods	period	NOUN
emaj-162	14	25	.	.	PUNCT
emaj-162	15	1	the	the	DET
emaj-162	15	2	cost	cost	NOUN
emaj-162	15	3	control	control	NOUN
emaj-162	15	4	variable	variable	NOUN
emaj-162	15	5	indicated	indicate	VERB
emaj-162	15	6	a	a	DET
emaj-162	15	7	statistically	statistically	ADV
emaj-162	15	8	significant	significant	ADJ
emaj-162	15	9	and	and	CCONJ
emaj-162	15	10	negative	negative	ADJ
emaj-162	15	11	relationship	relationship	NOUN
emaj-162	15	12	with	with	ADP
emaj-162	15	13	the	the	DET
emaj-162	15	14	performance	performance	NOUN
emaj-162	15	15	of	of	ADP
emaj-162	15	16	the	the	DET
emaj-162	15	17	banks	bank	NOUN
emaj-162	15	18	post	post	ADJ
emaj-162	15	19	-	-	ADJ
emaj-162	15	20	merger	merger	ADJ
emaj-162	15	21	period	period	NOUN
emaj-162	15	22	,	,	PUNCT
emaj-162	15	23	but	but	CCONJ
emaj-162	15	24	showed	show	VERB
emaj-162	15	25	no	no	DET
emaj-162	15	26	significant	significant	ADJ
emaj-162	15	27	relationship	relationship	NOUN
emaj-162	15	28	with	with	ADP
emaj-162	15	29	performance	performance	NOUN
emaj-162	15	30	of	of	ADP
emaj-162	15	31	the	the	DET
emaj-162	15	32	banks	bank	NOUN
emaj-162	15	33	in	in	ADP
emaj-162	15	34	the	the	DET
emaj-162	15	35	pre	pre	ADJ
emaj-162	15	36	-	-	ADJ
emaj-162	15	37	merger	merger	ADJ
emaj-162	15	38	period	period	NOUN
emaj-162	15	39	.	.	PUNCT
emaj-162	16	1	finally	finally	ADV
emaj-162	16	2	,	,	PUNCT
emaj-162	16	3	the	the	DET
emaj-162	16	4	results	result	NOUN
emaj-162	16	5	indicate	indicate	VERB
emaj-162	16	6	that	that	SCONJ
emaj-162	16	7	mergers	merger	NOUN
emaj-162	16	8	and	and	CCONJ
emaj-162	16	9	acquisitions	acquisition	NOUN
emaj-162	16	10	can	can	AUX
emaj-162	16	11	have	have	VERB
emaj-162	16	12	significant	significant	ADJ
emaj-162	16	13	impact	impact	NOUN
emaj-162	16	14	on	on	ADP
emaj-162	16	15	the	the	DET
emaj-162	16	16	performance	performance	NOUN
emaj-162	16	17	of	of	ADP
emaj-162	16	18	the	the	DET
emaj-162	16	19	selected	select	VERB
emaj-162	16	20	financial	financial	ADJ
emaj-162	16	21	institutions	institution	NOUN
emaj-162	16	22	in	in	ADP
emaj-162	16	23	nigeria	nigeria	PROPN
emaj-162	16	24	.	.	PUNCT
emaj-162	17	1	keywords	keyword	NOUN
emaj-162	17	2	:	:	PUNCT
emaj-162	17	3	corporate	corporate	ADJ
emaj-162	17	4	strategy	strategy	NOUN
emaj-162	17	5	;	;	PUNCT
emaj-162	17	6	mergers	merger	NOUN
emaj-162	17	7	;	;	PUNCT
emaj-162	17	8	acquisition	acquisition	NOUN
emaj-162	17	9	;	;	PUNCT
emaj-162	17	10	consolidation	consolidation	NOUN
emaj-162	17	11	;	;	PUNCT
emaj-162	17	12	finance	finance	VERB
emaj-162	17	13	new	new	ADJ
emaj-162	17	14	articles	article	NOUN
emaj-162	17	15	in	in	ADP
emaj-162	17	16	this	this	DET
emaj-162	17	17	journal	journal	NOUN
emaj-162	17	18	are	be	AUX
emaj-162	17	19	licensed	license	VERB
emaj-162	17	20	under	under	ADP
emaj-162	17	21	a	a	DET
emaj-162	17	22	creative	creative	ADJ
emaj-162	17	23	commons	common	NOUN
emaj-162	17	24	attribution	attribution	NOUN
emaj-162	17	25	3.0	3.0	NUM
emaj-162	17	26	united	unite	VERB
emaj-162	17	27	states	states	PROPN
emaj-162	17	28	license	license	NOUN
emaj-162	17	29	.	.	PUNCT
emaj-162	18	1	this	this	DET
emaj-162	18	2	journal	journal	NOUN
emaj-162	18	3	is	be	AUX
emaj-162	18	4	published	publish	VERB
emaj-162	18	5	by	by	ADP
emaj-162	18	6	the	the	DET
emaj-162	18	7	university	university	NOUN
emaj-162	18	8	library	library	NOUN
emaj-162	18	9	system	system	NOUN
emaj-162	18	10	of	of	ADP
emaj-162	18	11	the	the	DET
emaj-162	18	12	university	university	PROPN
emaj-162	18	13	of	of	ADP
emaj-162	18	14	pittsburgh	pittsburgh	PROPN
emaj-162	18	15	as	as	ADP
emaj-162	18	16	part	part	NOUN
emaj-162	18	17	of	of	ADP
emaj-162	18	18	its	its	PRON
emaj-162	18	19	d	d	NOUN
emaj-162	18	20	-	-	PUNCT
emaj-162	18	21	scribe	scribe	VERB
emaj-162	18	22	digital	digital	ADJ
emaj-162	18	23	publishing	publishing	NOUN
emaj-162	18	24	program	program	NOUN
emaj-162	18	25	,	,	PUNCT
emaj-162	18	26	and	and	CCONJ
emaj-162	18	27	is	be	AUX
emaj-162	18	28	cosponsored	cosponsor	VERB
emaj-162	18	29	by	by	ADP
emaj-162	18	30	the	the	DET
emaj-162	18	31	university	university	PROPN
emaj-162	18	32	of	of	ADP
emaj-162	18	33	pittsburgh	pittsburgh	PROPN
emaj-162	18	34	press	press	NOUN
emaj-162	18	35	.	.	PUNCT
emaj-162	19	1	volume	volume	NOUN
emaj-162	19	2	9	9	NUM
emaj-162	19	3	no	no	DET
emaj-162	19	4	1	1	NUM
emaj-162	19	5	(	(	PUNCT
emaj-162	19	6	2019	2019	NUM
emaj-162	19	7	)	)	PUNCT
emaj-162	19	8	|	|	ADV
emaj-162	19	9	issn	issn	VERB
emaj-162	19	10	2158	2158	NUM
emaj-162	19	11	-	-	SYM
emaj-162	19	12	8708	8708	NUM
emaj-162	19	13	(	(	PUNCT
emaj-162	19	14	online	online	NOUN
emaj-162	19	15	)	)	PUNCT
emaj-162	19	16	|	|	ADV
emaj-162	19	17	doi	doi	X
emaj-162	19	18	10.5195	10.5195	NUM
emaj-162	19	19	/	/	SYM
emaj-162	19	20	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	20	1	|	|	ADV
emaj-162	20	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-162	20	3	|	|	ADV
emaj-162	20	4	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-162	21	1	mailto:tboloupremo@gmail.com	mailto:tboloupremo@gmail.com	X
emaj-162	21	2	mailto:samsonogege@yahoo.com	mailto:samsonogege@yahoo.com	X
emaj-162	22	1	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-162	22	2	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-162	22	3	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-162	23	1	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-162	23	2	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-162	23	3	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-162	24	1	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-162	24	2	volume	volume	NOUN
emaj-162	24	3	9	9	NUM
emaj-162	24	4	no	no	DET
emaj-162	24	5	1	1	NUM
emaj-162	24	6	(	(	PUNCT
emaj-162	24	7	2019	2019	NUM
emaj-162	24	8	)	)	PUNCT
emaj-162	24	9	|	|	ADV
emaj-162	24	10	issn	issn	VERB
emaj-162	24	11	2158	2158	NUM
emaj-162	24	12	-	-	SYM
emaj-162	24	13	8708	8708	NUM
emaj-162	24	14	(	(	PUNCT
emaj-162	24	15	online	online	NOUN
emaj-162	24	16	)	)	PUNCT
emaj-162	24	17	|	|	ADV
emaj-162	24	18	doi	doi	X
emaj-162	24	19	10.5195	10.5195	NUM
emaj-162	24	20	/	/	SYM
emaj-162	24	21	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	25	1	|	|	ADV
emaj-162	25	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	25	3	mergers	merger	NOUN
emaj-162	25	4	,	,	PUNCT
emaj-162	25	5	acquisitions	acquisition	NOUN
emaj-162	25	6	and	and	CCONJ
emaj-162	25	7	financial	financial	ADJ
emaj-162	25	8	performance	performance	NOUN
emaj-162	25	9	:	:	PUNCT
emaj-162	25	10	a	a	DET
emaj-162	25	11	study	study	NOUN
emaj-162	25	12	of	of	ADP
emaj-162	25	13	selected	select	VERB
emaj-162	25	14	financial	financial	ADJ
emaj-162	25	15	institutions	institution	NOUN
emaj-162	25	16	page	page	NOUN
emaj-162	25	17	|36|	|36|	VERB
emaj-162	25	18	emerging	emerge	VERB
emaj-162	25	19	markets	market	NOUN
emaj-162	25	20	journal	journal	NOUN
emaj-162	25	21	mergers	merger	NOUN
emaj-162	25	22	,	,	PUNCT
emaj-162	25	23	acquisitions	acquisition	NOUN
emaj-162	25	24	and	and	CCONJ
emaj-162	25	25	financial	financial	ADJ
emaj-162	25	26	performance	performance	NOUN
emaj-162	25	27	:	:	PUNCT
emaj-162	25	28	a	a	DET
emaj-162	25	29	study	study	NOUN
emaj-162	25	30	of	of	ADP
emaj-162	25	31	selected	select	VERB
emaj-162	25	32	financial	financial	ADJ
emaj-162	25	33	institutions	institution	NOUN
emaj-162	25	34	tarila	tarila	PROPN
emaj-162	25	35	boloupremo	boloupremo	PROPN
emaj-162	25	36	samson	samson	PROPN
emaj-162	25	37	ogege	ogege	PROPN
emaj-162	25	38	i.	i.	PROPN
emaj-162	25	39	introduction	introduction	NOUN
emaj-162	25	40	the	the	DET
emaj-162	25	41	banking	banking	NOUN
emaj-162	25	42	industry	industry	NOUN
emaj-162	25	43	in	in	ADP
emaj-162	25	44	nigeria	nigeria	PROPN
emaj-162	25	45	has	have	AUX
emaj-162	25	46	been	be	AUX
emaj-162	25	47	one	one	NUM
emaj-162	25	48	of	of	ADP
emaj-162	25	49	the	the	DET
emaj-162	25	50	major	major	ADJ
emaj-162	25	51	drivers	driver	NOUN
emaj-162	25	52	of	of	ADP
emaj-162	25	53	economic	economic	ADJ
emaj-162	25	54	development	development	NOUN
emaj-162	25	55	for	for	ADP
emaj-162	25	56	several	several	ADJ
emaj-162	25	57	decades	decade	NOUN
emaj-162	25	58	.	.	PUNCT
emaj-162	26	1	the	the	DET
emaj-162	26	2	importance	importance	NOUN
emaj-162	26	3	of	of	ADP
emaj-162	26	4	the	the	DET
emaj-162	26	5	banking	banking	NOUN
emaj-162	26	6	sector	sector	NOUN
emaj-162	26	7	to	to	ADP
emaj-162	26	8	any	any	DET
emaj-162	26	9	economy	economy	NOUN
emaj-162	26	10	is	be	AUX
emaj-162	26	11	unarguable	unarguable	ADJ
emaj-162	26	12	;	;	PUNCT
emaj-162	26	13	this	this	PRON
emaj-162	26	14	is	be	AUX
emaj-162	26	15	because	because	SCONJ
emaj-162	26	16	of	of	ADP
emaj-162	26	17	its	its	PRON
emaj-162	26	18	function	function	NOUN
emaj-162	26	19	as	as	ADP
emaj-162	26	20	the	the	DET
emaj-162	26	21	engine	engine	NOUN
emaj-162	26	22	of	of	ADP
emaj-162	26	23	growth	growth	NOUN
emaj-162	26	24	.	.	PUNCT
emaj-162	27	1	as	as	ADP
emaj-162	27	2	the	the	DET
emaj-162	27	3	lead	lead	ADJ
emaj-162	27	4	financial	financial	ADJ
emaj-162	27	5	intermediary	intermediary	NOUN
emaj-162	27	6	in	in	ADP
emaj-162	27	7	an	an	DET
emaj-162	27	8	economy	economy	NOUN
emaj-162	27	9	,	,	PUNCT
emaj-162	27	10	it	it	PRON
emaj-162	27	11	mobilizes	mobilize	VERB
emaj-162	27	12	funds	fund	NOUN
emaj-162	27	13	from	from	ADP
emaj-162	27	14	savings	saving	NOUN
emaj-162	27	15	in	in	ADP
emaj-162	27	16	surplus	surplus	ADJ
emaj-162	27	17	units	unit	NOUN
emaj-162	27	18	in	in	ADP
emaj-162	27	19	the	the	DET
emaj-162	27	20	economy	economy	NOUN
emaj-162	27	21	and	and	CCONJ
emaj-162	27	22	transfers	transfer	NOUN
emaj-162	27	23	these	these	DET
emaj-162	27	24	funds	fund	NOUN
emaj-162	27	25	to	to	ADP
emaj-162	27	26	deficit	deficit	NOUN
emaj-162	27	27	units	unit	NOUN
emaj-162	27	28	in	in	ADP
emaj-162	27	29	the	the	DET
emaj-162	27	30	economy	economy	NOUN
emaj-162	27	31	thereby	thereby	ADV
emaj-162	27	32	facilitating	facilitate	VERB
emaj-162	27	33	capital	capital	NOUN
emaj-162	27	34	formation	formation	NOUN
emaj-162	27	35	,	,	PUNCT
emaj-162	27	36	fostering	foster	VERB
emaj-162	27	37	investment	investment	NOUN
emaj-162	27	38	and	and	CCONJ
emaj-162	27	39	value	value	NOUN
emaj-162	27	40	creation	creation	NOUN
emaj-162	27	41	and	and	CCONJ
emaj-162	27	42	the	the	DET
emaj-162	27	43	promotion	promotion	NOUN
emaj-162	27	44	of	of	ADP
emaj-162	27	45	growth	growth	NOUN
emaj-162	27	46	(	(	PUNCT
emaj-162	27	47	benneth	benneth	NOUN
emaj-162	27	48	,	,	PUNCT
emaj-162	27	49	adebiyi	adebiyi	NOUN
emaj-162	27	50	&	&	CCONJ
emaj-162	27	51	moruff	moruff	PROPN
emaj-162	27	52	,	,	PUNCT
emaj-162	27	53	2018	2018	NUM
emaj-162	27	54	)	)	PUNCT
emaj-162	27	55	.	.	PUNCT
emaj-162	28	1	to	to	PART
emaj-162	28	2	enable	enable	VERB
emaj-162	28	3	the	the	DET
emaj-162	28	4	banking	banking	NOUN
emaj-162	28	5	sector	sector	NOUN
emaj-162	28	6	to	to	PART
emaj-162	28	7	continue	continue	VERB
emaj-162	28	8	play	play	VERB
emaj-162	28	9	its	its	PRON
emaj-162	28	10	key	key	ADJ
emaj-162	28	11	role	role	NOUN
emaj-162	28	12	in	in	ADP
emaj-162	28	13	the	the	DET
emaj-162	28	14	nation	nation	NOUN
emaj-162	28	15	’s	’s	PART
emaj-162	28	16	financial	financial	ADJ
emaj-162	28	17	system	system	NOUN
emaj-162	28	18	,	,	PUNCT
emaj-162	28	19	the	the	DET
emaj-162	28	20	apex	apex	ADJ
emaj-162	28	21	regulatory	regulatory	ADJ
emaj-162	28	22	body	body	NOUN
emaj-162	28	23	for	for	ADP
emaj-162	28	24	deposit	deposit	NOUN
emaj-162	28	25	money	money	NOUN
emaj-162	28	26	banks	bank	NOUN
emaj-162	28	27	operating	operate	VERB
emaj-162	28	28	in	in	ADP
emaj-162	28	29	the	the	DET
emaj-162	28	30	country	country	NOUN
emaj-162	28	31	has	have	AUX
emaj-162	28	32	continuously	continuously	ADV
emaj-162	28	33	introduced	introduce	VERB
emaj-162	28	34	several	several	ADJ
emaj-162	28	35	radical	radical	ADJ
emaj-162	28	36	reforms	reform	NOUN
emaj-162	28	37	in	in	ADP
emaj-162	28	38	recent	recent	ADJ
emaj-162	28	39	years	year	NOUN
emaj-162	28	40	.	.	PUNCT
emaj-162	29	1	the	the	DET
emaj-162	29	2	most	most	ADV
emaj-162	29	3	popular	popular	ADJ
emaj-162	29	4	among	among	ADP
emaj-162	29	5	these	these	DET
emaj-162	29	6	reforms	reform	NOUN
emaj-162	29	7	by	by	ADP
emaj-162	29	8	the	the	DET
emaj-162	29	9	government	government	NOUN
emaj-162	29	10	in	in	ADP
emaj-162	29	11	the	the	DET
emaj-162	29	12	nigerian	nigerian	ADJ
emaj-162	29	13	banking	banking	NOUN
emaj-162	29	14	sector	sector	NOUN
emaj-162	29	15	is	be	AUX
emaj-162	29	16	the	the	DET
emaj-162	29	17	banking	banking	NOUN
emaj-162	29	18	sector	sector	NOUN
emaj-162	29	19	recapitalization	recapitalization	NOUN
emaj-162	29	20	policy	policy	NOUN
emaj-162	29	21	in	in	ADP
emaj-162	29	22	2004	2004	NUM
emaj-162	29	23	(	(	PUNCT
emaj-162	29	24	jimmy	jimmy	PROPN
emaj-162	29	25	,	,	PUNCT
emaj-162	29	26	2016	2016	NUM
emaj-162	29	27	)	)	PUNCT
emaj-162	29	28	.	.	PUNCT
emaj-162	30	1	the	the	DET
emaj-162	30	2	banking	banking	NOUN
emaj-162	30	3	consolidation	consolidation	NOUN
emaj-162	30	4	reform	reform	NOUN
emaj-162	30	5	of	of	ADP
emaj-162	30	6	2004	2004	NUM
emaj-162	30	7	was	be	AUX
emaj-162	30	8	aimed	aim	VERB
emaj-162	30	9	at	at	ADP
emaj-162	30	10	arresting	arrest	VERB
emaj-162	30	11	system	system	NOUN
emaj-162	30	12	decadence	decadence	NOUN
emaj-162	30	13	,	,	PUNCT
emaj-162	30	14	restoring	restore	VERB
emaj-162	30	15	public	public	ADJ
emaj-162	30	16	confidence	confidence	NOUN
emaj-162	30	17	,	,	PUNCT
emaj-162	30	18	building	building	NOUN
emaj-162	30	19	of	of	ADP
emaj-162	30	20	strong	strong	ADJ
emaj-162	30	21	,	,	PUNCT
emaj-162	30	22	competent	competent	ADJ
emaj-162	30	23	and	and	CCONJ
emaj-162	30	24	innovative	innovative	ADJ
emaj-162	30	25	players	player	NOUN
emaj-162	30	26	in	in	ADP
emaj-162	30	27	the	the	DET
emaj-162	30	28	global	global	ADJ
emaj-162	30	29	arena	arena	NOUN
emaj-162	30	30	ensuring	ensure	VERB
emaj-162	30	31	liquidity	liquidity	NOUN
emaj-162	30	32	and	and	CCONJ
emaj-162	30	33	value	value	NOUN
emaj-162	30	34	returns	return	NOUN
emaj-162	30	35	to	to	ADP
emaj-162	30	36	shareholders	shareholder	NOUN
emaj-162	30	37	(	(	PUNCT
emaj-162	30	38	okpanachi	okpanachi	ADV
emaj-162	30	39	,	,	PUNCT
emaj-162	30	40	2015	2015	NUM
emaj-162	30	41	)	)	PUNCT
emaj-162	30	42	and	and	CCONJ
emaj-162	30	43	enable	enable	VERB
emaj-162	30	44	banks	bank	NOUN
emaj-162	30	45	develop	develop	VERB
emaj-162	30	46	the	the	DET
emaj-162	30	47	required	require	VERB
emaj-162	30	48	resilience	resilience	NOUN
emaj-162	30	49	to	to	PART
emaj-162	30	50	support	support	VERB
emaj-162	30	51	the	the	DET
emaj-162	30	52	economic	economic	ADJ
emaj-162	30	53	development	development	NOUN
emaj-162	30	54	of	of	ADP
emaj-162	30	55	the	the	DET
emaj-162	30	56	nation	nation	NOUN
emaj-162	30	57	by	by	ADP
emaj-162	30	58	efficiently	efficiently	ADV
emaj-162	30	59	performing	perform	VERB
emaj-162	30	60	its	its	PRON
emaj-162	30	61	functions	function	NOUN
emaj-162	30	62	as	as	ADP
emaj-162	30	63	the	the	DET
emaj-162	30	64	fulcrum	fulcrum	NOUN
emaj-162	30	65	of	of	ADP
emaj-162	30	66	financial	financial	ADJ
emaj-162	30	67	intermediation	intermediation	NOUN
emaj-162	30	68	(	(	PUNCT
emaj-162	30	69	adeyemi	adeyemi	ADV
emaj-162	30	70	,	,	PUNCT
emaj-162	30	71	2007	2007	NUM
emaj-162	30	72	)	)	PUNCT
emaj-162	30	73	.	.	PUNCT
emaj-162	31	1	the	the	DET
emaj-162	31	2	reform	reform	NOUN
emaj-162	31	3	had	have	VERB
emaj-162	31	4	two	two	NUM
emaj-162	31	5	major	major	ADJ
emaj-162	31	6	elements	element	NOUN
emaj-162	31	7	:	:	PUNCT
emaj-162	31	8	the	the	DET
emaj-162	31	9	requirement	requirement	NOUN
emaj-162	31	10	that	that	SCONJ
emaj-162	31	11	deposit	deposit	NOUN
emaj-162	31	12	money	money	NOUN
emaj-162	31	13	banks	bank	NOUN
emaj-162	31	14	shore	shore	VERB
emaj-162	31	15	up	up	ADP
emaj-162	31	16	their	their	PRON
emaj-162	31	17	operating	operate	VERB
emaj-162	31	18	capital	capital	NOUN
emaj-162	31	19	to	to	ADP
emaj-162	31	20	a	a	DET
emaj-162	31	21	minimum	minimum	ADJ
emaj-162	31	22	capitalization	capitalization	NOUN
emaj-162	31	23	of	of	ADP
emaj-162	31	24	n25	n25	PROPN
emaj-162	31	25	billion	billion	NUM
emaj-162	31	26	by	by	ADP
emaj-162	31	27	31st	31st	NOUN
emaj-162	31	28	december	december	PROPN
emaj-162	31	29	2005	2005	NUM
emaj-162	31	30	and	and	CCONJ
emaj-162	31	31	to	to	PART
emaj-162	31	32	encourage	encourage	VERB
emaj-162	31	33	consolidation	consolidation	NOUN
emaj-162	31	34	in	in	ADP
emaj-162	31	35	the	the	DET
emaj-162	31	36	banking	banking	NOUN
emaj-162	31	37	industry	industry	NOUN
emaj-162	31	38	through	through	ADP
emaj-162	31	39	mergers	merger	NOUN
emaj-162	31	40	and	and	CCONJ
emaj-162	31	41	acquisition	acquisition	NOUN
emaj-162	31	42	.	.	PUNCT
emaj-162	32	1	the	the	DET
emaj-162	32	2	aim	aim	NOUN
emaj-162	32	3	of	of	ADP
emaj-162	32	4	the	the	DET
emaj-162	32	5	reforms	reform	NOUN
emaj-162	32	6	was	be	AUX
emaj-162	32	7	to	to	PART
emaj-162	32	8	make	make	VERB
emaj-162	32	9	nigerian	nigerian	ADJ
emaj-162	32	10	banks	bank	NOUN
emaj-162	32	11	become	become	VERB
emaj-162	32	12	global	global	ADJ
emaj-162	32	13	players	player	NOUN
emaj-162	32	14	in	in	ADP
emaj-162	32	15	the	the	DET
emaj-162	32	16	international	international	ADJ
emaj-162	32	17	financial	financial	ADJ
emaj-162	32	18	system	system	NOUN
emaj-162	32	19	and	and	CCONJ
emaj-162	32	20	improve	improve	VERB
emaj-162	32	21	their	their	PRON
emaj-162	32	22	financial	financial	ADJ
emaj-162	32	23	performance	performance	NOUN
emaj-162	32	24	.	.	PUNCT
emaj-162	33	1	to	to	PART
emaj-162	33	2	enable	enable	VERB
emaj-162	33	3	deposit	deposit	NOUN
emaj-162	33	4	money	money	NOUN
emaj-162	33	5	banks	bank	NOUN
emaj-162	33	6	operating	operate	VERB
emaj-162	33	7	in	in	ADP
emaj-162	33	8	the	the	DET
emaj-162	33	9	economy	economy	NOUN
emaj-162	33	10	as	as	ADP
emaj-162	33	11	the	the	DET
emaj-162	33	12	time	time	NOUN
emaj-162	33	13	the	the	DET
emaj-162	33	14	reform	reform	NOUN
emaj-162	33	15	was	be	AUX
emaj-162	33	16	introduced	introduce	VERB
emaj-162	33	17	and	and	CCONJ
emaj-162	33	18	to	to	PART
emaj-162	33	19	carry	carry	VERB
emaj-162	33	20	out	out	ADP
emaj-162	33	21	the	the	DET
emaj-162	33	22	reform	reform	NOUN
emaj-162	33	23	,	,	PUNCT
emaj-162	33	24	banks	bank	NOUN
emaj-162	33	25	were	be	AUX
emaj-162	33	26	through	through	ADP
emaj-162	33	27	moral	moral	ADJ
emaj-162	33	28	suasion	suasion	NOUN
emaj-162	33	29	encouraged	encourage	VERB
emaj-162	33	30	to	to	PART
emaj-162	33	31	either	either	CCONJ
emaj-162	33	32	merge	merge	VERB
emaj-162	33	33	or	or	CCONJ
emaj-162	33	34	give	give	VERB
emaj-162	33	35	up	up	ADP
emaj-162	33	36	their	their	PRON
emaj-162	33	37	operating	operate	VERB
emaj-162	33	38	license	license	NOUN
emaj-162	33	39	for	for	ADP
emaj-162	33	40	acquisition	acquisition	NOUN
emaj-162	33	41	(	(	PUNCT
emaj-162	33	42	soludo	soludo	NOUN
emaj-162	33	43	,	,	PUNCT
emaj-162	33	44	2010	2010	NUM
emaj-162	33	45	)	)	PUNCT
emaj-162	33	46	.	.	PUNCT
emaj-162	34	1	the	the	DET
emaj-162	34	2	case	case	NOUN
emaj-162	34	3	for	for	ADP
emaj-162	34	4	mergers	merger	NOUN
emaj-162	34	5	and	and	CCONJ
emaj-162	34	6	acquisition	acquisition	NOUN
emaj-162	34	7	was	be	AUX
emaj-162	34	8	proffered	proffer	VERB
emaj-162	34	9	drawing	draw	VERB
emaj-162	34	10	from	from	ADP
emaj-162	34	11	the	the	DET
emaj-162	34	12	perceived	perceive	VERB
emaj-162	34	13	successes	success	NOUN
emaj-162	34	14	of	of	ADP
emaj-162	34	15	economies	economy	NOUN
emaj-162	34	16	that	that	PRON
emaj-162	34	17	adopted	adopt	VERB
emaj-162	34	18	this	this	DET
emaj-162	34	19	strategy	strategy	NOUN
emaj-162	34	20	such	such	ADJ
emaj-162	34	21	as	as	ADP
emaj-162	34	22	:	:	PUNCT
emaj-162	34	23	the	the	DET
emaj-162	34	24	merger	merger	NOUN
emaj-162	34	25	between	between	ADP
emaj-162	34	26	two	two	NUM
emaj-162	34	27	french	french	ADJ
emaj-162	34	28	banks	bank	NOUN
emaj-162	34	29	in	in	ADP
emaj-162	34	30	1998	1998	NUM
emaj-162	34	31	that	that	PRON
emaj-162	34	32	resulted	result	VERB
emaj-162	34	33	in	in	ADP
emaj-162	34	34	a	a	DET
emaj-162	34	35	capital	capital	NOUN
emaj-162	34	36	base	base	NOUN
emaj-162	34	37	of	of	ADP
emaj-162	34	38	us	we	PRON
emaj-162	34	39	$	$	SYM
emaj-162	34	40	688	688	NUM
emaj-162	34	41	billion	billion	NUM
emaj-162	34	42	;	;	PUNCT
emaj-162	34	43	merger	merger	NOUN
emaj-162	34	44	between	between	ADP
emaj-162	34	45	two	two	NUM
emaj-162	34	46	german	german	ADJ
emaj-162	34	47	banks	bank	NOUN
emaj-162	34	48	in	in	ADP
emaj-162	34	49	1998	1998	NUM
emaj-162	34	50	that	that	PRON
emaj-162	34	51	resulted	result	VERB
emaj-162	34	52	in	in	ADP
emaj-162	34	53	a	a	DET
emaj-162	34	54	new	new	ADJ
emaj-162	34	55	capital	capital	NOUN
emaj-162	34	56	base	base	NOUN
emaj-162	34	57	of	of	ADP
emaj-162	34	58	us	we	PRON
emaj-162	34	59	$	$	SYM
emaj-162	34	60	541billion	541billion	PROPN
emaj-162	34	61	;	;	PUNCT
emaj-162	34	62	in	in	ADP
emaj-162	34	63	korea	korea	PROPN
emaj-162	34	64	where	where	SCONJ
emaj-162	34	65	eight	eight	NUM
emaj-162	34	66	mega	mega	ADJ
emaj-162	34	67	banks	bank	NOUN
emaj-162	34	68	were	be	AUX
emaj-162	34	69	left	leave	VERB
emaj-162	34	70	after	after	ADP
emaj-162	34	71	a	a	DET
emaj-162	34	72	consolidation	consolidation	NOUN
emaj-162	34	73	exercise	exercise	NOUN
emaj-162	34	74	with	with	ADP
emaj-162	34	75	a	a	DET
emaj-162	34	76	branch	branch	NOUN
emaj-162	34	77	network	network	NOUN
emaj-162	34	78	of	of	ADP
emaj-162	34	79	four	four	NUM
emaj-162	34	80	thousand	thousand	NUM
emaj-162	34	81	and	and	CCONJ
emaj-162	34	82	five	five	NUM
emaj-162	34	83	hundred	hundred	NUM
emaj-162	34	84	(	(	PUNCT
emaj-162	34	85	4500	4500	NUM
emaj-162	34	86	)	)	PUNCT
emaj-162	34	87	;	;	PUNCT
emaj-162	34	88	amalgamated	amalgamate	VERB
emaj-162	34	89	bank	bank	NOUN
emaj-162	34	90	of	of	ADP
emaj-162	34	91	south	south	PROPN
emaj-162	34	92	africa	africa	PROPN
emaj-162	34	93	(	(	PUNCT
emaj-162	34	94	absa	absa	PROPN
emaj-162	34	95	)	)	PUNCT
emaj-162	34	96	that	that	PRON
emaj-162	34	97	has	have	VERB
emaj-162	34	98	more	more	ADJ
emaj-162	34	99	asset	asset	NOUN
emaj-162	34	100	base	base	NOUN
emaj-162	34	101	than	than	SCONJ
emaj-162	34	102	all	all	DET
emaj-162	34	103	the	the	DET
emaj-162	34	104	nigerian	nigerian	ADJ
emaj-162	34	105	banks	bank	NOUN
emaj-162	34	106	put	put	VERB
emaj-162	34	107	together	together	ADV
emaj-162	34	108	as	as	ADP
emaj-162	34	109	at	at	ADP
emaj-162	34	110	that	that	DET
emaj-162	34	111	year	year	NOUN
emaj-162	34	112	;	;	PUNCT
emaj-162	34	113	malaysia	malaysia	NUM
emaj-162	34	114	where	where	SCONJ
emaj-162	34	115	eighty	eighty	NUM
emaj-162	34	116	banks	bank	NOUN
emaj-162	34	117	shrunk	shrink	VERB
emaj-162	34	118	to	to	ADP
emaj-162	34	119	12	12	NUM
emaj-162	34	120	after	after	ADP
emaj-162	34	121	a	a	DET
emaj-162	34	122	consolidation	consolidation	NOUN
emaj-162	34	123	exercise	exercise	NOUN
emaj-162	34	124	.	.	PUNCT
emaj-162	35	1	the	the	DET
emaj-162	35	2	need	need	NOUN
emaj-162	35	3	for	for	ADP
emaj-162	35	4	mergers	merger	NOUN
emaj-162	35	5	and	and	CCONJ
emaj-162	35	6	acquisition	acquisition	NOUN
emaj-162	35	7	in	in	ADP
emaj-162	35	8	the	the	DET
emaj-162	35	9	nigeria	nigeria	PROPN
emaj-162	35	10	banking	banking	NOUN
emaj-162	35	11	sector	sector	NOUN
emaj-162	35	12	was	be	AUX
emaj-162	35	13	highlighted	highlight	VERB
emaj-162	35	14	on	on	ADP
emaj-162	35	15	the	the	DET
emaj-162	35	16	premise	premise	NOUN
emaj-162	35	17	that	that	SCONJ
emaj-162	35	18	banks	bank	NOUN
emaj-162	35	19	in	in	ADP
emaj-162	35	20	nigeria	nigeria	PROPN
emaj-162	35	21	would	would	AUX
emaj-162	35	22	become	become	VERB
emaj-162	35	23	africa	africa	PROPN
emaj-162	35	24	’s	’s	PART
emaj-162	35	25	financial	financial	ADJ
emaj-162	35	26	hub	hub	NOUN
emaj-162	35	27	and	and	CCONJ
emaj-162	35	28	reposition	reposition	VERB
emaj-162	35	29	themselves	themselves	PRON
emaj-162	35	30	to	to	PART
emaj-162	35	31	compete	compete	VERB
emaj-162	35	32	with	with	ADP
emaj-162	35	33	international	international	ADJ
emaj-162	35	34	banks	bank	NOUN
emaj-162	35	35	(	(	PUNCT
emaj-162	35	36	ogbonna	ogbonna	NOUN
emaj-162	35	37	,	,	PUNCT
emaj-162	35	38	2007	2007	NUM
emaj-162	35	39	;	;	PUNCT
emaj-162	35	40	adesida	adesida	PROPN
emaj-162	35	41	,	,	PUNCT
emaj-162	35	42	2008	2008	NUM
emaj-162	35	43	)	)	PUNCT
emaj-162	35	44	;	;	PUNCT
emaj-162	35	45	act	act	VERB
emaj-162	35	46	as	as	ADP
emaj-162	35	47	catalyst	catalyst	NOUN
emaj-162	35	48	to	to	ADP
emaj-162	35	49	the	the	DET
emaj-162	35	50	economic	economic	ADJ
emaj-162	35	51	development	development	NOUN
emaj-162	35	52	of	of	ADP
emaj-162	35	53	nigeria	nigeria	PROPN
emaj-162	35	54	through	through	ADP
emaj-162	35	55	the	the	DET
emaj-162	35	56	provision	provision	NOUN
emaj-162	35	57	of	of	ADP
emaj-162	35	58	excellent	excellent	ADJ
emaj-162	35	59	intermediary	intermediary	ADJ
emaj-162	35	60	services	service	NOUN
emaj-162	35	61	through	through	ADP
emaj-162	35	62	the	the	DET
emaj-162	35	63	extension	extension	NOUN
emaj-162	35	64	of	of	ADP
emaj-162	35	65	adequate	adequate	ADJ
emaj-162	35	66	capital	capital	NOUN
emaj-162	35	67	to	to	ADP
emaj-162	35	68	investors	investor	NOUN
emaj-162	35	69	(	(	PUNCT
emaj-162	35	70	jimmy	jimmy	PROPN
emaj-162	35	71	,	,	PUNCT
emaj-162	35	72	2016	2016	NUM
emaj-162	35	73	)	)	PUNCT
emaj-162	35	74	and	and	CCONJ
emaj-162	35	75	the	the	DET
emaj-162	35	76	provision	provision	NOUN
emaj-162	35	77	of	of	ADP
emaj-162	35	78	befitting	befit	VERB
emaj-162	35	79	returns	return	NOUN
emaj-162	35	80	to	to	ADP
emaj-162	35	81	investors	investor	NOUN
emaj-162	35	82	through	through	ADP
emaj-162	35	83	efficiencies	efficiency	NOUN
emaj-162	35	84	and	and	CCONJ
emaj-162	35	85	a	a	DET
emaj-162	35	86	better	well	ADJ
emaj-162	35	87	range	range	NOUN
emaj-162	35	88	of	of	ADP
emaj-162	35	89	quality	quality	NOUN
emaj-162	35	90	financial	financial	ADJ
emaj-162	35	91	services	service	NOUN
emaj-162	35	92	(	(	PUNCT
emaj-162	35	93	soludo	soludo	NOUN
emaj-162	35	94	,	,	PUNCT
emaj-162	35	95	2006	2006	NUM
emaj-162	35	96	)	)	PUNCT
emaj-162	35	97	.	.	PUNCT
emaj-162	36	1	the	the	DET
emaj-162	36	2	nigerian	nigerian	ADJ
emaj-162	36	3	banking	banking	NOUN
emaj-162	36	4	industry	industry	NOUN
emaj-162	36	5	following	follow	VERB
emaj-162	36	6	the	the	DET
emaj-162	36	7	reform	reform	NOUN
emaj-162	36	8	in	in	ADP
emaj-162	36	9	2004	2004	NUM
emaj-162	36	10	has	have	AUX
emaj-162	36	11	witnessed	witness	VERB
emaj-162	36	12	several	several	ADJ
emaj-162	36	13	mergers	merger	NOUN
emaj-162	36	14	and	and	CCONJ
emaj-162	36	15	acquisitions	acquisition	NOUN
emaj-162	36	16	in	in	ADP
emaj-162	36	17	recent	recent	ADJ
emaj-162	36	18	years	year	NOUN
emaj-162	36	19	.	.	PUNCT
emaj-162	37	1	it	it	PRON
emaj-162	37	2	is	be	AUX
emaj-162	37	3	against	against	ADP
emaj-162	37	4	this	this	DET
emaj-162	37	5	background	background	NOUN
emaj-162	37	6	that	that	SCONJ
emaj-162	37	7	this	this	DET
emaj-162	37	8	research	research	NOUN
emaj-162	37	9	seeks	seek	VERB
emaj-162	37	10	to	to	PART
emaj-162	37	11	examine	examine	VERB
emaj-162	37	12	the	the	DET
emaj-162	37	13	impact	impact	NOUN
emaj-162	37	14	of	of	ADP
emaj-162	37	15	these	these	DET
emaj-162	37	16	mergers	merger	NOUN
emaj-162	37	17	and	and	CCONJ
emaj-162	37	18	acquisitions	acquisition	NOUN
emaj-162	37	19	and	and	CCONJ
emaj-162	37	20	if	if	SCONJ
emaj-162	37	21	there	there	PRON
emaj-162	37	22	exists	exist	VERB
emaj-162	37	23	any	any	DET
emaj-162	37	24	correlation	correlation	NOUN
emaj-162	37	25	with	with	ADP
emaj-162	37	26	financial	financial	ADJ
emaj-162	37	27	performance	performance	NOUN
emaj-162	37	28	of	of	ADP
emaj-162	37	29	selected	select	VERB
emaj-162	37	30	banks	bank	NOUN
emaj-162	37	31	in	in	ADP
emaj-162	37	32	the	the	DET
emaj-162	37	33	nigerian	nigerian	ADJ
emaj-162	37	34	banking	banking	NOUN
emaj-162	37	35	industry	industry	NOUN
emaj-162	37	36	.	.	PUNCT
emaj-162	38	1	the	the	DET
emaj-162	38	2	main	main	ADJ
emaj-162	38	3	aim	aim	NOUN
emaj-162	38	4	of	of	ADP
emaj-162	38	5	this	this	DET
emaj-162	38	6	paper	paper	NOUN
emaj-162	38	7	therefore	therefore	ADV
emaj-162	38	8	,	,	PUNCT
emaj-162	38	9	is	be	AUX
emaj-162	38	10	to	to	PART
emaj-162	38	11	identify	identify	VERB
emaj-162	38	12	and	and	CCONJ
emaj-162	38	13	examine	examine	VERB
emaj-162	38	14	the	the	DET
emaj-162	38	15	possible	possible	ADJ
emaj-162	38	16	financial	financial	ADJ
emaj-162	38	17	impacts	impact	NOUN
emaj-162	38	18	of	of	ADP
emaj-162	38	19	mergers	merger	NOUN
emaj-162	38	20	and	and	CCONJ
emaj-162	38	21	acquisitions	acquisition	NOUN
emaj-162	38	22	on	on	ADP
emaj-162	38	23	the	the	DET
emaj-162	38	24	nigerian	nigerian	ADJ
emaj-162	38	25	banking	banking	NOUN
emaj-162	38	26	industry	industry	NOUN
emaj-162	38	27	.	.	PUNCT
emaj-162	39	1	ii	ii	PROPN
emaj-162	39	2	.	.	PUNCT
emaj-162	40	1	materials	material	NOUN
emaj-162	40	2	and	and	CCONJ
emaj-162	40	3	methods	method	NOUN
emaj-162	40	4	bank	bank	NOUN
emaj-162	40	5	mergers	merger	NOUN
emaj-162	40	6	and	and	CCONJ
emaj-162	40	7	acquisition	acquisition	NOUN
emaj-162	40	8	are	be	AUX
emaj-162	40	9	among	among	ADP
emaj-162	40	10	the	the	DET
emaj-162	40	11	most	most	ADV
emaj-162	40	12	widely	widely	ADV
emaj-162	40	13	studied	study	VERB
emaj-162	40	14	and	and	CCONJ
emaj-162	40	15	highly	highly	ADV
emaj-162	40	16	contentious	contentious	ADJ
emaj-162	40	17	issues	issue	NOUN
emaj-162	40	18	in	in	ADP
emaj-162	40	19	finance	finance	NOUN
emaj-162	40	20	economics	economic	NOUN
emaj-162	40	21	(	(	PUNCT
emaj-162	40	22	cyree	cyree	NOUN
emaj-162	40	23	,	,	PUNCT
emaj-162	40	24	2010	2010	NUM
emaj-162	40	25	)	)	PUNCT
emaj-162	40	26	.	.	PUNCT
emaj-162	41	1	this	this	PRON
emaj-162	41	2	follows	follow	VERB
emaj-162	41	3	from	from	ADP
emaj-162	41	4	the	the	DET
emaj-162	41	5	extensive	extensive	ADJ
emaj-162	41	6	studies	study	NOUN
emaj-162	41	7	conducted	conduct	VERB
emaj-162	41	8	by	by	ADP
emaj-162	41	9	various	various	ADJ
emaj-162	41	10	scholars	scholar	NOUN
emaj-162	41	11	and	and	CCONJ
emaj-162	41	12	differences	difference	NOUN
emaj-162	41	13	in	in	ADP
emaj-162	41	14	opinions	opinion	NOUN
emaj-162	41	15	formed	form	VERB
emaj-162	41	16	by	by	ADP
emaj-162	41	17	them	they	PRON
emaj-162	41	18	.	.	PUNCT
emaj-162	42	1	these	these	DET
emaj-162	42	2	studies	study	NOUN
emaj-162	42	3	have	have	AUX
emaj-162	42	4	so	so	ADV
emaj-162	42	5	far	far	ADV
emaj-162	42	6	failed	fail	VERB
emaj-162	42	7	to	to	PART
emaj-162	42	8	produce	produce	VERB
emaj-162	42	9	empirically	empirically	ADV
emaj-162	42	10	conclusive	conclusive	ADJ
emaj-162	42	11	evidence	evidence	NOUN
emaj-162	42	12	(	(	PUNCT
emaj-162	42	13	bernard	bernard	PROPN
emaj-162	42	14	et	et	PROPN
emaj-162	42	15	al	al	PROPN
emaj-162	42	16	,	,	PUNCT
emaj-162	42	17	2010	2010	NUM
emaj-162	42	18	)	)	PUNCT
emaj-162	42	19	.	.	PUNCT
emaj-162	43	1	there	there	PRON
emaj-162	43	2	are	be	VERB
emaj-162	43	3	a	a	DET
emaj-162	43	4	couple	couple	NOUN
emaj-162	43	5	of	of	ADP
emaj-162	43	6	studies	study	NOUN
emaj-162	43	7	that	that	PRON
emaj-162	43	8	show	show	VERB
emaj-162	43	9	a	a	DET
emaj-162	43	10	positive	positive	ADJ
emaj-162	43	11	effect	effect	NOUN
emaj-162	43	12	of	of	ADP
emaj-162	43	13	mergers	merger	NOUN
emaj-162	43	14	and	and	CCONJ
emaj-162	43	15	acquisition	acquisition	NOUN
emaj-162	43	16	on	on	ADP
emaj-162	43	17	banks	bank	NOUN
emaj-162	43	18	(	(	PUNCT
emaj-162	43	19	humphrey	humphrey	PROPN
emaj-162	43	20	and	and	CCONJ
emaj-162	43	21	vale	vale	NOUN
emaj-162	43	22	,	,	PUNCT
emaj-162	43	23	2002	2002	NUM
emaj-162	43	24	;	;	PUNCT
emaj-162	43	25	shaffer	shaffer	NOUN
emaj-162	43	26	,	,	PUNCT
emaj-162	43	27	1993	1993	NUM
emaj-162	43	28	;	;	PUNCT
emaj-162	43	29	rhoades	rhoade	NOUN
emaj-162	43	30	,	,	PUNCT
emaj-162	43	31	1998	1998	NUM
emaj-162	43	32	;	;	PUNCT
emaj-162	43	33	resti	resti	NOUN
emaj-162	43	34	,	,	PUNCT
emaj-162	43	35	1998	1998	NUM
emaj-162	43	36	)	)	PUNCT
emaj-162	43	37	and	and	CCONJ
emaj-162	43	38	studies	study	NOUN
emaj-162	43	39	that	that	PRON
emaj-162	43	40	conclude	conclude	VERB
emaj-162	43	41	that	that	SCONJ
emaj-162	43	42	mergers	merger	NOUN
emaj-162	43	43	and	and	CCONJ
emaj-162	43	44	acquisition	acquisition	NOUN
emaj-162	43	45	have	have	VERB
emaj-162	43	46	a	a	DET
emaj-162	43	47	negative	negative	ADJ
emaj-162	43	48	effect	effect	NOUN
emaj-162	43	49	on	on	ADP
emaj-162	43	50	banks	bank	NOUN
emaj-162	43	51	(	(	PUNCT
emaj-162	43	52	diaz	diaz	PROPN
emaj-162	43	53	et	et	PROPN
emaj-162	43	54	al	al	PROPN
emaj-162	43	55	,	,	PUNCT
emaj-162	43	56	2008	2008	NUM
emaj-162	43	57	;	;	PUNCT
emaj-162	43	58	linder	linder	PROPN
emaj-162	43	59	and	and	CCONJ
emaj-162	43	60	crane	crane	NOUN
emaj-162	43	61	,	,	PUNCT
emaj-162	43	62	1992	1992	NUM
emaj-162	43	63	;	;	PUNCT
emaj-162	43	64	srinivasin	srinivasin	VERB
emaj-162	43	65	,	,	PUNCT
emaj-162	43	66	1992	1992	NUM
emaj-162	43	67	)	)	PUNCT
emaj-162	43	68	.	.	PUNCT
emaj-162	44	1	other	other	ADJ
emaj-162	44	2	studies	study	NOUN
emaj-162	44	3	analyzed	analyze	VERB
emaj-162	44	4	the	the	DET
emaj-162	44	5	reasons	reason	NOUN
emaj-162	44	6	for	for	ADP
emaj-162	44	7	bank	bank	NOUN
emaj-162	44	8	mergers	merger	NOUN
emaj-162	44	9	and	and	CCONJ
emaj-162	44	10	general	general	ADJ
emaj-162	44	11	effects	effect	NOUN
emaj-162	44	12	,	,	PUNCT
emaj-162	44	13	to	to	ADP
emaj-162	44	14	wit	wit	NOUN
emaj-162	44	15	,	,	PUNCT
emaj-162	44	16	pillof	pillof	NOUN
emaj-162	44	17	and	and	CCONJ
emaj-162	44	18	santomero	santomero	NOUN
emaj-162	44	19	(	(	PUNCT
emaj-162	44	20	1998	1998	NUM
emaj-162	44	21	)	)	PUNCT
emaj-162	44	22	hold	hold	VERB
emaj-162	44	23	that	that	SCONJ
emaj-162	44	24	the	the	DET
emaj-162	44	25	dominating	dominating	NOUN
emaj-162	44	26	reasons	reason	NOUN
emaj-162	44	27	for	for	ADP
emaj-162	44	28	bank	bank	NOUN
emaj-162	44	29	mergers	merger	NOUN
emaj-162	44	30	include	include	VERB
emaj-162	44	31	;	;	PUNCT
emaj-162	44	32	improving	improve	VERB
emaj-162	44	33	the	the	DET
emaj-162	44	34	bidder	bidder	PROPN
emaj-162	44	35	bank	bank	PROPN
emaj-162	44	36	’s	’s	PART
emaj-162	44	37	value	value	NOUN
emaj-162	44	38	through	through	ADP
emaj-162	44	39	increased	increase	VERB
emaj-162	44	40	revenue	revenue	NOUN
emaj-162	44	41	or	or	CCONJ
emaj-162	44	42	cost	cost	NOUN
emaj-162	44	43	savings	saving	NOUN
emaj-162	44	44	,	,	PUNCT
emaj-162	44	45	efficiency	efficiency	NOUN
emaj-162	44	46	gains	gain	NOUN
emaj-162	44	47	,	,	PUNCT
emaj-162	44	48	market	market	NOUN
emaj-162	44	49	power	power	NOUN
emaj-162	44	50	and	and	CCONJ
emaj-162	44	51	increased	increase	VERB
emaj-162	44	52	economies	economy	NOUN
emaj-162	44	53	of	of	ADP
emaj-162	44	54	scale	scale	NOUN
emaj-162	44	55	and	and	CCONJ
emaj-162	44	56	scope	scope	NOUN
emaj-162	44	57	.	.	PUNCT
emaj-162	45	1	berger	berger	PROPN
emaj-162	45	2	et	et	PROPN
emaj-162	45	3	al	al	PROPN
emaj-162	45	4	(	(	PUNCT
emaj-162	45	5	1999	1999	NUM
emaj-162	45	6	)	)	PUNCT
emaj-162	45	7	analyzed	analyze	VERB
emaj-162	45	8	250	250	NUM
emaj-162	45	9	studies	study	NOUN
emaj-162	45	10	conducted	conduct	VERB
emaj-162	45	11	on	on	ADP
emaj-162	45	12	mergers	merger	NOUN
emaj-162	45	13	and	and	CCONJ
emaj-162	45	14	acquisition	acquisition	NOUN
emaj-162	45	15	in	in	ADP
emaj-162	45	16	banks	bank	NOUN
emaj-162	45	17	in	in	ADP
emaj-162	45	18	order	order	NOUN
emaj-162	45	19	to	to	PART
emaj-162	45	20	find	find	VERB
emaj-162	45	21	out	out	ADP
emaj-162	45	22	the	the	DET
emaj-162	45	23	trend	trend	NOUN
emaj-162	45	24	of	of	ADP
emaj-162	45	25	thought	thought	NOUN
emaj-162	45	26	on	on	ADP
emaj-162	45	27	this	this	DET
emaj-162	45	28	corporate	corporate	ADJ
emaj-162	45	29	growth	growth	NOUN
emaj-162	45	30	strategy	strategy	NOUN
emaj-162	45	31	and	and	CCONJ
emaj-162	45	32	found	find	VERB
emaj-162	45	33	that	that	SCONJ
emaj-162	45	34	in	in	ADP
emaj-162	45	35	general	general	ADJ
emaj-162	45	36	,	,	PUNCT
emaj-162	45	37	mergers	merger	NOUN
emaj-162	45	38	and	and	CCONJ
emaj-162	45	39	acquisition	acquisition	NOUN
emaj-162	45	40	in	in	ADP
emaj-162	45	41	banks	bank	NOUN
emaj-162	45	42	appear	appear	VERB
emaj-162	45	43	to	to	PART
emaj-162	45	44	increase	increase	VERB
emaj-162	45	45	profit	profit	NOUN
emaj-162	45	46	efficiency	efficiency	NOUN
emaj-162	45	47	and	and	CCONJ
emaj-162	45	48	help	help	VERB
emaj-162	45	49	diversify	diversify	VERB
emaj-162	45	50	the	the	DET
emaj-162	45	51	portfolio	portfolio	NOUN
emaj-162	45	52	risks	risk	NOUN
emaj-162	45	53	of	of	ADP
emaj-162	45	54	the	the	DET
emaj-162	45	55	participants	participant	NOUN
emaj-162	45	56	and	and	CCONJ
emaj-162	45	57	have	have	AUX
emaj-162	45	58	improved	improve	VERB
emaj-162	45	59	the	the	DET
emaj-162	45	60	local	local	ADJ
emaj-162	45	61	real	real	ADJ
emaj-162	45	62	economies	economy	NOUN
emaj-162	45	63	where	where	SCONJ
emaj-162	45	64	they	they	PRON
emaj-162	45	65	occurred	occur	VERB
emaj-162	45	66	.	.	PUNCT
emaj-162	46	1	in	in	ADP
emaj-162	46	2	a	a	DET
emaj-162	46	3	study	study	NOUN
emaj-162	46	4	conducted	conduct	VERB
emaj-162	46	5	by	by	ADP
emaj-162	46	6	berger	berger	PROPN
emaj-162	46	7	et	et	PROPN
emaj-162	46	8	al	al	PROPN
emaj-162	46	9	(	(	PUNCT
emaj-162	46	10	1995	1995	NUM
emaj-162	46	11	)	)	PUNCT
emaj-162	46	12	to	to	PART
emaj-162	46	13	review	review	VERB
emaj-162	46	14	the	the	DET
emaj-162	46	15	banking	banking	NOUN
emaj-162	46	16	sector	sector	NOUN
emaj-162	46	17	mergers	merger	NOUN
emaj-162	46	18	through	through	ADP
emaj-162	46	19	regulatory	regulatory	ADJ
emaj-162	46	20	frameworks	framework	NOUN
emaj-162	46	21	and	and	CCONJ
emaj-162	46	22	competitive	competitive	ADJ
emaj-162	46	23	environmental	environmental	ADJ
emaj-162	46	24	changes	change	NOUN
emaj-162	46	25	,	,	PUNCT
emaj-162	46	26	they	they	PRON
emaj-162	46	27	concluded	conclude	VERB
emaj-162	46	28	that	that	SCONJ
emaj-162	46	29	regulatory	regulatory	ADJ
emaj-162	46	30	changes	change	NOUN
emaj-162	46	31	and	and	CCONJ
emaj-162	46	32	technological	technological	ADJ
emaj-162	46	33	advancements	advancement	NOUN
emaj-162	46	34	increased	increase	VERB
emaj-162	46	35	the	the	DET
emaj-162	46	36	merger	merger	NOUN
emaj-162	46	37	activities	activity	NOUN
emaj-162	46	38	of	of	ADP
emaj-162	46	39	banks	bank	NOUN
emaj-162	46	40	.	.	PUNCT
emaj-162	47	1	further	far	ADV
emaj-162	47	2	,	,	PUNCT
emaj-162	47	3	critchfield	critchfield	PROPN
emaj-162	47	4	(	(	PUNCT
emaj-162	47	5	2005	2005	NUM
emaj-162	47	6	)	)	PUNCT
emaj-162	47	7	developing	develop	VERB
emaj-162	47	8	the	the	DET
emaj-162	47	9	study	study	NOUN
emaj-162	47	10	of	of	ADP
emaj-162	47	11	berger	berger	PROPN
emaj-162	47	12	et	et	PROPN
emaj-162	47	13	al	al	PROPN
emaj-162	47	14	(	(	PUNCT
emaj-162	47	15	1995	1995	NUM
emaj-162	47	16	)	)	PUNCT
emaj-162	47	17	implied	imply	VERB
emaj-162	47	18	that	that	SCONJ
emaj-162	47	19	mergers	merger	NOUN
emaj-162	47	20	and	and	CCONJ
emaj-162	47	21	acquisition	acquisition	NOUN
emaj-162	47	22	volume	volume	NOUN
emaj-162	47	23	9	9	NUM
emaj-162	47	24	no	no	DET
emaj-162	47	25	1	1	NUM
emaj-162	47	26	(	(	PUNCT
emaj-162	47	27	2019	2019	NUM
emaj-162	47	28	)	)	PUNCT
emaj-162	47	29	|	|	ADV
emaj-162	47	30	issn	issn	VERB
emaj-162	47	31	2158	2158	NUM
emaj-162	47	32	-	-	SYM
emaj-162	47	33	8708	8708	NUM
emaj-162	47	34	(	(	PUNCT
emaj-162	47	35	online	online	NOUN
emaj-162	47	36	)	)	PUNCT
emaj-162	47	37	|	|	ADV
emaj-162	47	38	doi	doi	X
emaj-162	47	39	10.5195	10.5195	NUM
emaj-162	47	40	/	/	SYM
emaj-162	47	41	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	48	1	|	|	ADV
emaj-162	48	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-162	48	3	tarila	tarila	NOUN
emaj-162	48	4	boloupremo	boloupremo	NOUN
emaj-162	48	5	,	,	PUNCT
emaj-162	48	6	samson	samson	PROPN
emaj-162	48	7	ogege	ogege	NOUN
emaj-162	48	8	emerging	emerge	VERB
emaj-162	48	9	markets	market	NOUN
emaj-162	48	10	journal	journal	NOUN
emaj-162	49	1	|	|	ADV
emaj-162	49	2	p	p	NOUN
emaj-162	49	3	a	a	DET
emaj-162	49	4	g	g	NOUN
emaj-162	49	5	e	e	NOUN
emaj-162	49	6	3	3	NUM
emaj-162	49	7	7	7	NUM
emaj-162	49	8	is	be	AUX
emaj-162	49	9	a	a	DET
emaj-162	49	10	continuing	continue	VERB
emaj-162	49	11	phenomenon	phenomenon	NOUN
emaj-162	49	12	and	and	CCONJ
emaj-162	49	13	will	will	AUX
emaj-162	49	14	be	be	AUX
emaj-162	49	15	greatly	greatly	ADV
emaj-162	49	16	influenced	influence	VERB
emaj-162	49	17	by	by	ADP
emaj-162	49	18	regulations	regulation	NOUN
emaj-162	49	19	and	and	CCONJ
emaj-162	49	20	globalization	globalization	NOUN
emaj-162	49	21	.	.	PUNCT
emaj-162	50	1	similarly	similarly	ADV
emaj-162	50	2	,	,	PUNCT
emaj-162	50	3	deyoung	deyoung	PROPN
emaj-162	50	4	et	et	PROPN
emaj-162	50	5	al	al	PROPN
emaj-162	50	6	(	(	PUNCT
emaj-162	50	7	2004	2004	NUM
emaj-162	50	8	)	)	PUNCT
emaj-162	50	9	argued	argue	VERB
emaj-162	50	10	that	that	SCONJ
emaj-162	50	11	deregulation	deregulation	NOUN
emaj-162	50	12	,	,	PUNCT
emaj-162	50	13	technological	technological	ADJ
emaj-162	50	14	advancements	advancement	NOUN
emaj-162	50	15	and	and	CCONJ
emaj-162	50	16	commoditization	commoditization	NOUN
emaj-162	50	17	have	have	AUX
emaj-162	50	18	diminished	diminish	VERB
emaj-162	50	19	the	the	DET
emaj-162	50	20	barriers	barrier	NOUN
emaj-162	50	21	to	to	ADP
emaj-162	50	22	mergers	merger	NOUN
emaj-162	50	23	and	and	CCONJ
emaj-162	50	24	acquisition	acquisition	NOUN
emaj-162	50	25	in	in	ADP
emaj-162	50	26	banks	bank	NOUN
emaj-162	50	27	.	.	PUNCT
emaj-162	51	1	further	far	ADV
emaj-162	51	2	,	,	PUNCT
emaj-162	51	3	a	a	DET
emaj-162	51	4	study	study	NOUN
emaj-162	51	5	conducted	conduct	VERB
emaj-162	51	6	by	by	ADP
emaj-162	51	7	ibanez	ibanez	NOUN
emaj-162	51	8	and	and	CCONJ
emaj-162	51	9	altunbas	altunbas	PROPN
emaj-162	51	10	(	(	PUNCT
emaj-162	51	11	2005	2005	NUM
emaj-162	51	12	)	)	PUNCT
emaj-162	51	13	on	on	ADP
emaj-162	51	14	european	european	ADJ
emaj-162	51	15	banks	bank	NOUN
emaj-162	51	16	mergers	merger	NOUN
emaj-162	51	17	between	between	ADP
emaj-162	51	18	1994	1994	NUM
emaj-162	51	19	and	and	CCONJ
emaj-162	51	20	2001	2001	NUM
emaj-162	51	21	to	to	PART
emaj-162	51	22	examine	examine	VERB
emaj-162	51	23	the	the	DET
emaj-162	51	24	impact	impact	NOUN
emaj-162	51	25	of	of	ADP
emaj-162	51	26	mergers	merger	NOUN
emaj-162	51	27	and	and	CCONJ
emaj-162	51	28	acquisition	acquisition	NOUN
emaj-162	51	29	on	on	ADP
emaj-162	51	30	post	post	ADJ
emaj-162	51	31	-	-	ADJ
emaj-162	51	32	merger	merger	ADJ
emaj-162	51	33	financial	financial	ADJ
emaj-162	51	34	performance	performance	NOUN
emaj-162	51	35	,	,	PUNCT
emaj-162	51	36	found	find	VERB
emaj-162	51	37	that	that	SCONJ
emaj-162	51	38	mergers	merger	NOUN
emaj-162	51	39	among	among	ADP
emaj-162	51	40	banks	bank	NOUN
emaj-162	51	41	bearing	bear	VERB
emaj-162	51	42	substantial	substantial	ADJ
emaj-162	51	43	elements	element	NOUN
emaj-162	51	44	of	of	ADP
emaj-162	51	45	geographical	geographical	ADJ
emaj-162	51	46	or	or	CCONJ
emaj-162	51	47	product	product	NOUN
emaj-162	51	48	relatedness	relatedness	NOUN
emaj-162	51	49	create	create	VERB
emaj-162	51	50	value	value	NOUN
emaj-162	51	51	and	and	CCONJ
emaj-162	51	52	there	there	PRON
emaj-162	51	53	is	be	VERB
emaj-162	51	54	improved	improved	ADJ
emaj-162	51	55	performance	performance	NOUN
emaj-162	51	56	in	in	ADP
emaj-162	51	57	banks	bank	NOUN
emaj-162	51	58	after	after	SCONJ
emaj-162	51	59	mergers	merger	NOUN
emaj-162	51	60	have	have	AUX
emaj-162	51	61	taken	take	VERB
emaj-162	51	62	place	place	NOUN
emaj-162	51	63	when	when	SCONJ
emaj-162	51	64	there	there	PRON
emaj-162	51	65	is	be	VERB
emaj-162	51	66	consistency	consistency	NOUN
emaj-162	51	67	on	on	ADP
emaj-162	51	68	the	the	DET
emaj-162	51	69	efficiency	efficiency	NOUN
emaj-162	51	70	and	and	CCONJ
emaj-162	51	71	deposit	deposit	NOUN
emaj-162	51	72	strategies	strategy	NOUN
emaj-162	51	73	of	of	ADP
emaj-162	51	74	merging	merge	VERB
emaj-162	51	75	banks	bank	NOUN
emaj-162	51	76	.	.	PUNCT
emaj-162	52	1	they	they	PRON
emaj-162	52	2	also	also	ADV
emaj-162	52	3	argued	argue	VERB
emaj-162	52	4	that	that	SCONJ
emaj-162	52	5	mergers	merger	NOUN
emaj-162	52	6	are	be	AUX
emaj-162	52	7	more	more	ADV
emaj-162	52	8	successful	successful	ADJ
emaj-162	52	9	when	when	SCONJ
emaj-162	52	10	larger	large	ADJ
emaj-162	52	11	and	and	CCONJ
emaj-162	52	12	more	more	ADV
emaj-162	52	13	efficient	efficient	ADJ
emaj-162	52	14	banks	bank	NOUN
emaj-162	52	15	combine	combine	VERB
emaj-162	52	16	with	with	ADP
emaj-162	52	17	smaller	small	ADJ
emaj-162	52	18	and	and	CCONJ
emaj-162	52	19	better	well	ADV
emaj-162	52	20	-	-	PUNCT
emaj-162	52	21	capitalized	capitalize	VERB
emaj-162	52	22	institutions	institution	NOUN
emaj-162	52	23	with	with	ADP
emaj-162	52	24	more	more	ADV
emaj-162	52	25	diversified	diversified	ADJ
emaj-162	52	26	sources	source	NOUN
emaj-162	52	27	of	of	ADP
emaj-162	52	28	income	income	NOUN
emaj-162	52	29	.	.	PUNCT
emaj-162	53	1	however	however	ADV
emaj-162	53	2	,	,	PUNCT
emaj-162	53	3	differences	difference	NOUN
emaj-162	53	4	between	between	ADP
emaj-162	53	5	merging	merge	VERB
emaj-162	53	6	banks	bank	NOUN
emaj-162	53	7	capitalization	capitalization	NOUN
emaj-162	53	8	and	and	CCONJ
emaj-162	53	9	investment	investment	NOUN
emaj-162	53	10	in	in	ADP
emaj-162	53	11	technology	technology	NOUN
emaj-162	53	12	and	and	CCONJ
emaj-162	53	13	financial	financial	ADJ
emaj-162	53	14	innovation	innovation	NOUN
emaj-162	53	15	were	be	AUX
emaj-162	53	16	found	find	VERB
emaj-162	53	17	to	to	PART
emaj-162	53	18	enhance	enhance	VERB
emaj-162	53	19	performance	performance	NOUN
emaj-162	53	20	.	.	PUNCT
emaj-162	54	1	evidence	evidence	NOUN
emaj-162	54	2	was	be	AUX
emaj-162	54	3	found	find	VERB
emaj-162	54	4	to	to	PART
emaj-162	54	5	be	be	AUX
emaj-162	54	6	thin	thin	ADJ
emaj-162	54	7	on	on	ADP
emaj-162	54	8	the	the	DET
emaj-162	54	9	factors	factor	NOUN
emaj-162	54	10	that	that	PRON
emaj-162	54	11	influence	influence	VERB
emaj-162	54	12	the	the	DET
emaj-162	54	13	choice	choice	NOUN
emaj-162	54	14	of	of	ADP
emaj-162	54	15	a	a	DET
emaj-162	54	16	target	target	NOUN
emaj-162	54	17	bank	bank	NOUN
emaj-162	54	18	in	in	ADP
emaj-162	54	19	a	a	DET
emaj-162	54	20	merger	merger	NOUN
emaj-162	54	21	;	;	PUNCT
emaj-162	54	22	wheelock	wheelock	NOUN
emaj-162	54	23	and	and	CCONJ
emaj-162	54	24	wilson	wilson	PROPN
emaj-162	54	25	(	(	PUNCT
emaj-162	54	26	2000	2000	NUM
emaj-162	54	27	)	)	PUNCT
emaj-162	54	28	found	find	VERB
emaj-162	54	29	that	that	SCONJ
emaj-162	54	30	smaller	small	ADJ
emaj-162	54	31	banks	bank	NOUN
emaj-162	54	32	that	that	PRON
emaj-162	54	33	are	be	AUX
emaj-162	54	34	less	less	ADV
emaj-162	54	35	efficient	efficient	ADJ
emaj-162	54	36	with	with	ADP
emaj-162	54	37	lower	low	ADJ
emaj-162	54	38	return	return	NOUN
emaj-162	54	39	on	on	ADP
emaj-162	54	40	asset	asset	NOUN
emaj-162	54	41	were	be	AUX
emaj-162	54	42	more	more	ADV
emaj-162	54	43	likely	likely	ADJ
emaj-162	54	44	to	to	PART
emaj-162	54	45	be	be	AUX
emaj-162	54	46	acquired	acquire	VERB
emaj-162	54	47	;	;	PUNCT
emaj-162	54	48	in	in	ADP
emaj-162	54	49	contrast	contrast	NOUN
emaj-162	54	50	,	,	PUNCT
emaj-162	54	51	beatty	beatty	PROPN
emaj-162	54	52	et	et	PROPN
emaj-162	54	53	al	al	PROPN
emaj-162	54	54	(	(	PUNCT
emaj-162	54	55	1987	1987	NUM
emaj-162	54	56	)	)	PUNCT
emaj-162	54	57	found	find	VERB
emaj-162	54	58	that	that	SCONJ
emaj-162	54	59	,	,	PUNCT
emaj-162	54	60	bidders	bidder	NOUN
emaj-162	54	61	pay	pay	VERB
emaj-162	54	62	larger	large	ADJ
emaj-162	54	63	market	market	NOUN
emaj-162	54	64	to	to	ADP
emaj-162	54	65	book	book	NOUN
emaj-162	54	66	premiums	premium	NOUN
emaj-162	54	67	for	for	ADP
emaj-162	54	68	targets	target	NOUN
emaj-162	54	69	with	with	ADP
emaj-162	54	70	higher	high	ADJ
emaj-162	54	71	return	return	NOUN
emaj-162	54	72	on	on	ADP
emaj-162	54	73	equity	equity	NOUN
emaj-162	54	74	and	and	CCONJ
emaj-162	54	75	operating	operate	VERB
emaj-162	54	76	in	in	ADP
emaj-162	54	77	a	a	DET
emaj-162	54	78	more	more	ADV
emaj-162	54	79	concentrated	concentrated	ADJ
emaj-162	54	80	market	market	NOUN
emaj-162	54	81	while	while	SCONJ
emaj-162	54	82	palia	palia	PROPN
emaj-162	54	83	(	(	PUNCT
emaj-162	54	84	1993	1993	NUM
emaj-162	54	85	)	)	PUNCT
emaj-162	54	86	found	find	VERB
emaj-162	54	87	that	that	SCONJ
emaj-162	54	88	there	there	PRON
emaj-162	54	89	is	be	VERB
emaj-162	54	90	a	a	DET
emaj-162	54	91	growth	growth	NOUN
emaj-162	54	92	in	in	ADP
emaj-162	54	93	premium	premium	NOUN
emaj-162	54	94	with	with	ADP
emaj-162	54	95	a	a	DET
emaj-162	54	96	growth	growth	NOUN
emaj-162	54	97	in	in	ADP
emaj-162	54	98	target	target	NOUN
emaj-162	54	99	assets	asset	NOUN
emaj-162	54	100	and	and	CCONJ
emaj-162	54	101	core	core	NOUN
emaj-162	54	102	deposits	deposit	NOUN
emaj-162	54	103	.	.	PUNCT
emaj-162	55	1	olsen	olsen	NOUN
emaj-162	55	2	and	and	CCONJ
emaj-162	55	3	pagano	pagano	PROPN
emaj-162	55	4	(	(	PUNCT
emaj-162	55	5	2005	2005	NUM
emaj-162	55	6	)	)	PUNCT
emaj-162	55	7	argued	argue	VERB
emaj-162	55	8	that	that	SCONJ
emaj-162	55	9	the	the	DET
emaj-162	55	10	bidders	bidder	NOUN
emaj-162	55	11	’	’	PART
emaj-162	55	12	returns	return	NOUN
emaj-162	55	13	are	be	AUX
emaj-162	55	14	higher	high	ADJ
emaj-162	55	15	after	after	ADP
emaj-162	55	16	a	a	DET
emaj-162	55	17	merger	merger	NOUN
emaj-162	55	18	if	if	SCONJ
emaj-162	55	19	they	they	PRON
emaj-162	55	20	can	can	AUX
emaj-162	55	21	sustain	sustain	VERB
emaj-162	55	22	or	or	CCONJ
emaj-162	55	23	increase	increase	VERB
emaj-162	55	24	growth	growth	NOUN
emaj-162	55	25	rates	rate	NOUN
emaj-162	55	26	.	.	PUNCT
emaj-162	56	1	similarly	similarly	ADV
emaj-162	56	2	,	,	PUNCT
emaj-162	56	3	cyree	cyree	PROPN
emaj-162	56	4	(	(	PUNCT
emaj-162	56	5	2010	2010	NUM
emaj-162	56	6	)	)	PUNCT
emaj-162	56	7	found	find	VERB
emaj-162	56	8	in	in	ADP
emaj-162	56	9	his	his	PRON
emaj-162	56	10	study	study	NOUN
emaj-162	56	11	that	that	SCONJ
emaj-162	56	12	,	,	PUNCT
emaj-162	56	13	banks	bank	NOUN
emaj-162	56	14	use	use	VERB
emaj-162	56	15	mergers	merger	NOUN
emaj-162	56	16	and	and	CCONJ
emaj-162	56	17	acquisitions	acquisition	NOUN
emaj-162	56	18	to	to	PART
emaj-162	56	19	enter	enter	VERB
emaj-162	56	20	fast	fast	ADV
emaj-162	56	21	growing	grow	VERB
emaj-162	56	22	and	and	CCONJ
emaj-162	56	23	high	high	ADJ
emaj-162	56	24	performing	perform	VERB
emaj-162	56	25	markets	market	NOUN
emaj-162	56	26	and	and	CCONJ
emaj-162	56	27	to	to	PART
emaj-162	56	28	obtain	obtain	VERB
emaj-162	56	29	deposit	deposit	NOUN
emaj-162	56	30	.	.	PUNCT
emaj-162	57	1	in	in	ADP
emaj-162	57	2	a	a	DET
emaj-162	57	3	study	study	NOUN
emaj-162	57	4	conducted	conduct	VERB
emaj-162	57	5	on	on	ADP
emaj-162	57	6	seventeen	seventeen	NUM
emaj-162	57	7	spanish	spanish	ADJ
emaj-162	57	8	banks	bank	NOUN
emaj-162	57	9	to	to	PART
emaj-162	57	10	examine	examine	VERB
emaj-162	57	11	the	the	DET
emaj-162	57	12	impact	impact	NOUN
emaj-162	57	13	of	of	ADP
emaj-162	57	14	mergers	merger	NOUN
emaj-162	57	15	and	and	CCONJ
emaj-162	57	16	acquisition	acquisition	NOUN
emaj-162	57	17	on	on	ADP
emaj-162	57	18	performance	performance	NOUN
emaj-162	57	19	,	,	PUNCT
emaj-162	57	20	bernard	bernard	PROPN
emaj-162	57	21	et	et	PROPN
emaj-162	57	22	al	al	PROPN
emaj-162	57	23	(	(	PUNCT
emaj-162	57	24	2010	2010	NUM
emaj-162	57	25	)	)	PUNCT
emaj-162	57	26	found	find	VERB
emaj-162	57	27	that	that	SCONJ
emaj-162	57	28	,	,	PUNCT
emaj-162	57	29	though	though	SCONJ
emaj-162	57	30	mergers	merger	NOUN
emaj-162	57	31	and	and	CCONJ
emaj-162	57	32	acquisition	acquisition	NOUN
emaj-162	57	33	have	have	AUX
emaj-162	57	34	been	be	AUX
emaj-162	57	35	effective	effective	ADJ
emaj-162	57	36	in	in	ADP
emaj-162	57	37	increasing	increase	VERB
emaj-162	57	38	productivity	productivity	NOUN
emaj-162	57	39	,	,	PUNCT
emaj-162	57	40	they	they	PRON
emaj-162	57	41	could	could	AUX
emaj-162	57	42	not	not	PART
emaj-162	57	43	transfer	transfer	VERB
emaj-162	57	44	the	the	DET
emaj-162	57	45	result	result	NOUN
emaj-162	57	46	to	to	ADP
emaj-162	57	47	profitability	profitability	NOUN
emaj-162	57	48	because	because	SCONJ
emaj-162	57	49	in	in	ADP
emaj-162	57	50	spain	spain	PROPN
emaj-162	57	51	,	,	PUNCT
emaj-162	57	52	most	most	ADJ
emaj-162	57	53	of	of	ADP
emaj-162	57	54	the	the	DET
emaj-162	57	55	mergers	merger	NOUN
emaj-162	57	56	were	be	AUX
emaj-162	57	57	either	either	CCONJ
emaj-162	57	58	used	use	VERB
emaj-162	57	59	to	to	PART
emaj-162	57	60	penetrate	penetrate	VERB
emaj-162	57	61	new	new	ADJ
emaj-162	57	62	markets	market	NOUN
emaj-162	57	63	or	or	CCONJ
emaj-162	57	64	increase	increase	VERB
emaj-162	57	65	efficiency	efficiency	NOUN
emaj-162	57	66	under	under	ADP
emaj-162	57	67	stiff	stiff	ADJ
emaj-162	57	68	competition	competition	NOUN
emaj-162	57	69	.	.	PUNCT
emaj-162	58	1	nevertheless	nevertheless	ADV
emaj-162	58	2	,	,	PUNCT
emaj-162	58	3	they	they	PRON
emaj-162	58	4	found	find	VERB
emaj-162	58	5	that	that	SCONJ
emaj-162	58	6	mergers	merger	NOUN
emaj-162	58	7	and	and	CCONJ
emaj-162	58	8	acquisition	acquisition	NOUN
emaj-162	58	9	constitute	constitute	VERB
emaj-162	58	10	a	a	DET
emaj-162	58	11	way	way	NOUN
emaj-162	58	12	to	to	PART
emaj-162	58	13	increase	increase	VERB
emaj-162	58	14	market	market	NOUN
emaj-162	58	15	power	power	NOUN
emaj-162	58	16	.	.	PUNCT
emaj-162	59	1	further	far	ADV
emaj-162	59	2	,	,	PUNCT
emaj-162	59	3	in	in	ADP
emaj-162	59	4	a	a	DET
emaj-162	59	5	study	study	NOUN
emaj-162	59	6	conducted	conduct	VERB
emaj-162	59	7	by	by	ADP
emaj-162	59	8	umoren	umoren	PROPN
emaj-162	59	9	and	and	CCONJ
emaj-162	59	10	olokoyo	olokoyo	PROPN
emaj-162	59	11	(	(	PUNCT
emaj-162	59	12	2007	2007	NUM
emaj-162	59	13	)	)	PUNCT
emaj-162	59	14	on	on	ADP
emaj-162	59	15	13	13	NUM
emaj-162	59	16	nigerian	nigerian	ADJ
emaj-162	59	17	banks	bank	NOUN
emaj-162	59	18	to	to	PART
emaj-162	59	19	examine	examine	VERB
emaj-162	59	20	the	the	DET
emaj-162	59	21	impact	impact	NOUN
emaj-162	59	22	of	of	ADP
emaj-162	59	23	consolidation	consolidation	NOUN
emaj-162	59	24	on	on	ADP
emaj-162	59	25	performance	performance	NOUN
emaj-162	59	26	and	and	CCONJ
emaj-162	59	27	consider	consider	VERB
emaj-162	59	28	whether	whether	SCONJ
emaj-162	59	29	there	there	PRON
emaj-162	59	30	exists	exist	VERB
emaj-162	59	31	a	a	DET
emaj-162	59	32	considerable	considerable	ADJ
emaj-162	59	33	improvement	improvement	NOUN
emaj-162	59	34	in	in	ADP
emaj-162	59	35	liquidity	liquidity	NOUN
emaj-162	59	36	,	,	PUNCT
emaj-162	59	37	profitability	profitability	NOUN
emaj-162	59	38	and	and	CCONJ
emaj-162	59	39	solvency	solvency	NOUN
emaj-162	59	40	,	,	PUNCT
emaj-162	59	41	they	they	PRON
emaj-162	59	42	found	find	VERB
emaj-162	59	43	that	that	SCONJ
emaj-162	59	44	on	on	ADP
emaj-162	59	45	average	average	ADJ
emaj-162	59	46	,	,	PUNCT
emaj-162	59	47	bank	bank	NOUN
emaj-162	59	48	mergers	merger	NOUN
emaj-162	59	49	resulted	result	VERB
emaj-162	59	50	in	in	ADP
emaj-162	59	51	improved	improved	ADJ
emaj-162	59	52	performance	performance	NOUN
emaj-162	59	53	.	.	PUNCT
emaj-162	60	1	focarelli	focarelli	PROPN
emaj-162	60	2	et	et	PROPN
emaj-162	60	3	al	al	PROPN
emaj-162	60	4	(	(	PUNCT
emaj-162	60	5	2002	2002	NUM
emaj-162	60	6	)	)	PUNCT
emaj-162	60	7	in	in	ADP
emaj-162	60	8	a	a	DET
emaj-162	60	9	study	study	NOUN
emaj-162	60	10	aimed	aim	VERB
emaj-162	60	11	at	at	ADP
emaj-162	60	12	finding	find	VERB
emaj-162	60	13	the	the	DET
emaj-162	60	14	reasons	reason	NOUN
emaj-162	60	15	for	for	ADP
emaj-162	60	16	bank	bank	NOUN
emaj-162	60	17	mergers	merger	NOUN
emaj-162	60	18	with	with	ADP
emaj-162	60	19	a	a	DET
emaj-162	60	20	sample	sample	NOUN
emaj-162	60	21	drawn	draw	VERB
emaj-162	60	22	from	from	ADP
emaj-162	60	23	the	the	DET
emaj-162	60	24	italian	italian	ADJ
emaj-162	60	25	banking	banking	NOUN
emaj-162	60	26	sector	sector	NOUN
emaj-162	60	27	from	from	ADP
emaj-162	60	28	1985	1985	NUM
emaj-162	60	29	to	to	ADP
emaj-162	60	30	1996	1996	NUM
emaj-162	60	31	,	,	PUNCT
emaj-162	60	32	found	find	VERB
emaj-162	60	33	a	a	DET
emaj-162	60	34	result	result	NOUN
emaj-162	60	35	consistent	consistent	ADJ
emaj-162	60	36	with	with	ADP
emaj-162	60	37	the	the	DET
emaj-162	60	38	hypothesis	hypothesis	NOUN
emaj-162	60	39	that	that	PRON
emaj-162	60	40	expansion	expansion	NOUN
emaj-162	60	41	of	of	ADP
emaj-162	60	42	revenues	revenue	NOUN
emaj-162	60	43	from	from	ADP
emaj-162	60	44	financial	financial	ADJ
emaj-162	60	45	services	service	NOUN
emaj-162	60	46	is	be	AUX
emaj-162	60	47	a	a	DET
emaj-162	60	48	strategic	strategic	ADJ
emaj-162	60	49	objective	objective	NOUN
emaj-162	60	50	for	for	ADP
emaj-162	60	51	mergers	merger	NOUN
emaj-162	60	52	.	.	PUNCT
emaj-162	61	1	the	the	DET
emaj-162	61	2	resulting	result	VERB
emaj-162	61	3	increase	increase	NOUN
emaj-162	61	4	in	in	ADP
emaj-162	61	5	non	non	ADJ
emaj-162	61	6	-	-	ADJ
emaj-162	61	7	interest	interest	ADJ
emaj-162	61	8	income	income	NOUN
emaj-162	61	9	,	,	PUNCT
emaj-162	61	10	offset	offset	VERB
emaj-162	61	11	by	by	ADP
emaj-162	61	12	higher	high	ADJ
emaj-162	61	13	labor	labor	NOUN
emaj-162	61	14	costs	cost	NOUN
emaj-162	61	15	in	in	ADP
emaj-162	61	16	the	the	DET
emaj-162	61	17	first	first	ADJ
emaj-162	61	18	few	few	ADJ
emaj-162	61	19	years	year	NOUN
emaj-162	61	20	,	,	PUNCT
emaj-162	61	21	an	an	DET
emaj-162	61	22	increase	increase	NOUN
emaj-162	61	23	in	in	ADP
emaj-162	61	24	lending	lending	NOUN
emaj-162	61	25	activity	activity	NOUN
emaj-162	61	26	and	and	CCONJ
emaj-162	61	27	a	a	DET
emaj-162	61	28	more	more	ADV
emaj-162	61	29	efficient	efficient	ADJ
emaj-162	61	30	use	use	NOUN
emaj-162	61	31	of	of	ADP
emaj-162	61	32	capital	capital	NOUN
emaj-162	61	33	produced	produce	VERB
emaj-162	61	34	an	an	DET
emaj-162	61	35	increase	increase	NOUN
emaj-162	61	36	in	in	ADP
emaj-162	61	37	profitability	profitability	NOUN
emaj-162	61	38	.	.	PUNCT
emaj-162	62	1	a	a	DET
emaj-162	62	2	number	number	NOUN
emaj-162	62	3	of	of	ADP
emaj-162	62	4	studies	study	NOUN
emaj-162	62	5	were	be	AUX
emaj-162	62	6	identified	identify	VERB
emaj-162	62	7	that	that	PRON
emaj-162	62	8	measured	measure	VERB
emaj-162	62	9	the	the	DET
emaj-162	62	10	impact	impact	NOUN
emaj-162	62	11	of	of	ADP
emaj-162	62	12	mergers	merger	NOUN
emaj-162	62	13	and	and	CCONJ
emaj-162	62	14	acquisition	acquisition	NOUN
emaj-162	62	15	on	on	ADP
emaj-162	62	16	the	the	DET
emaj-162	62	17	financial	financial	ADJ
emaj-162	62	18	performance	performance	NOUN
emaj-162	62	19	of	of	ADP
emaj-162	62	20	banks	bank	NOUN
emaj-162	62	21	through	through	ADP
emaj-162	62	22	the	the	DET
emaj-162	62	23	use	use	NOUN
emaj-162	62	24	of	of	ADP
emaj-162	62	25	various	various	ADJ
emaj-162	62	26	accounting	accounting	NOUN
emaj-162	62	27	ratios	ratio	NOUN
emaj-162	62	28	on	on	ADP
emaj-162	62	29	profitability	profitability	NOUN
emaj-162	62	30	,	,	PUNCT
emaj-162	62	31	return	return	VERB
emaj-162	62	32	to	to	ADP
emaj-162	62	33	shareholders	shareholder	NOUN
emaj-162	62	34	and	and	CCONJ
emaj-162	62	35	productive	productive	ADJ
emaj-162	62	36	efficiency	efficiency	NOUN
emaj-162	62	37	indicators	indicator	NOUN
emaj-162	62	38	(	(	PUNCT
emaj-162	62	39	delong	delong	PROPN
emaj-162	62	40	and	and	CCONJ
emaj-162	62	41	deyoung	deyoung	PROPN
emaj-162	62	42	,	,	PUNCT
emaj-162	62	43	2007	2007	NUM
emaj-162	62	44	)	)	PUNCT
emaj-162	62	45	.	.	PUNCT
emaj-162	63	1	the	the	DET
emaj-162	63	2	dominating	dominating	NOUN
emaj-162	63	3	conclusion	conclusion	NOUN
emaj-162	63	4	is	be	AUX
emaj-162	63	5	that	that	SCONJ
emaj-162	63	6	,	,	PUNCT
emaj-162	63	7	the	the	DET
emaj-162	63	8	assurances	assurance	NOUN
emaj-162	63	9	of	of	ADP
emaj-162	63	10	scale	scale	NOUN
emaj-162	63	11	economies	economy	NOUN
emaj-162	63	12	resulting	result	VERB
emaj-162	63	13	from	from	ADP
emaj-162	63	14	size	size	NOUN
emaj-162	63	15	rarely	rarely	ADV
emaj-162	63	16	materialize	materialize	VERB
emaj-162	63	17	after	after	ADP
emaj-162	63	18	the	the	DET
emaj-162	63	19	merger	merger	NOUN
emaj-162	63	20	(	(	PUNCT
emaj-162	63	21	berger	berger	PROPN
emaj-162	63	22	et	et	PROPN
emaj-162	63	23	al	al	PROPN
emaj-162	63	24	,	,	PUNCT
emaj-162	63	25	1999	1999	NUM
emaj-162	63	26	,	,	PUNCT
emaj-162	63	27	berger	berger	PROPN
emaj-162	63	28	et	et	PROPN
emaj-162	63	29	al	al	PROPN
emaj-162	63	30	,	,	PUNCT
emaj-162	63	31	2000	2000	NUM
emaj-162	63	32	;	;	PUNCT
emaj-162	63	33	auster	auster	NOUN
emaj-162	63	34	and	and	CCONJ
emaj-162	63	35	sirower	sirower	NOUN
emaj-162	63	36	,	,	PUNCT
emaj-162	63	37	2002	2002	NUM
emaj-162	63	38	)	)	PUNCT
emaj-162	63	39	.	.	PUNCT
emaj-162	64	1	the	the	DET
emaj-162	64	2	reason	reason	NOUN
emaj-162	64	3	identified	identify	VERB
emaj-162	64	4	for	for	ADP
emaj-162	64	5	this	this	PRON
emaj-162	64	6	is	be	AUX
emaj-162	64	7	that	that	SCONJ
emaj-162	64	8	,	,	PUNCT
emaj-162	64	9	some	some	DET
emaj-162	64	10	efficiency	efficiency	NOUN
emaj-162	64	11	gains	gain	NOUN
emaj-162	64	12	take	take	VERB
emaj-162	64	13	longer	long	ADV
emaj-162	64	14	to	to	PART
emaj-162	64	15	accrue	accrue	VERB
emaj-162	64	16	.	.	PUNCT
emaj-162	65	1	specifically	specifically	ADV
emaj-162	65	2	,	,	PUNCT
emaj-162	65	3	while	while	SCONJ
emaj-162	65	4	some	some	DET
emaj-162	65	5	efficiency	efficiency	NOUN
emaj-162	65	6	gains	gain	VERB
emaj-162	65	7	like	like	ADP
emaj-162	65	8	risk	risk	NOUN
emaj-162	65	9	diversification	diversification	NOUN
emaj-162	65	10	can	can	AUX
emaj-162	65	11	be	be	AUX
emaj-162	65	12	achieved	achieve	VERB
emaj-162	65	13	in	in	ADP
emaj-162	65	14	the	the	DET
emaj-162	65	15	short	short	ADJ
emaj-162	65	16	run	run	NOUN
emaj-162	65	17	,	,	PUNCT
emaj-162	65	18	others	other	NOUN
emaj-162	65	19	such	such	ADJ
emaj-162	65	20	as	as	ADP
emaj-162	65	21	cost	cost	NOUN
emaj-162	65	22	control	control	NOUN
emaj-162	65	23	are	be	AUX
emaj-162	65	24	only	only	ADV
emaj-162	65	25	achievable	achievable	ADJ
emaj-162	65	26	in	in	ADP
emaj-162	65	27	the	the	DET
emaj-162	65	28	long	long	ADJ
emaj-162	65	29	run	run	NOUN
emaj-162	65	30	(	(	PUNCT
emaj-162	65	31	vennet	vennet	ADJ
emaj-162	65	32	,	,	PUNCT
emaj-162	65	33	2002	2002	NUM
emaj-162	65	34	)	)	PUNCT
emaj-162	65	35	.	.	PUNCT
emaj-162	66	1	furthermore	furthermore	ADV
emaj-162	66	2	,	,	PUNCT
emaj-162	66	3	in	in	ADP
emaj-162	66	4	a	a	DET
emaj-162	66	5	study	study	NOUN
emaj-162	66	6	conducted	conduct	VERB
emaj-162	66	7	by	by	ADP
emaj-162	66	8	beccalli	beccalli	NOUN
emaj-162	66	9	and	and	CCONJ
emaj-162	66	10	frantz	frantz	PROPN
emaj-162	66	11	(	(	PUNCT
emaj-162	66	12	2009	2009	NUM
emaj-162	66	13	)	)	PUNCT
emaj-162	66	14	on	on	ADP
emaj-162	66	15	714	714	NUM
emaj-162	66	16	deals	deal	NOUN
emaj-162	66	17	from	from	ADP
emaj-162	66	18	1991	1991	NUM
emaj-162	66	19	to	to	ADP
emaj-162	66	20	2005	2005	NUM
emaj-162	66	21	between	between	ADP
emaj-162	66	22	random	random	ADJ
emaj-162	66	23	picked	pick	VERB
emaj-162	66	24	bidder	bidder	NOUN
emaj-162	66	25	and	and	CCONJ
emaj-162	66	26	target	target	VERB
emaj-162	66	27	banks	bank	NOUN
emaj-162	66	28	to	to	PART
emaj-162	66	29	investigate	investigate	VERB
emaj-162	66	30	whether	whether	SCONJ
emaj-162	66	31	merger	merger	NOUN
emaj-162	66	32	and	and	CCONJ
emaj-162	66	33	acquisitions	acquisition	NOUN
emaj-162	66	34	influence	influence	VERB
emaj-162	66	35	the	the	DET
emaj-162	66	36	performance	performance	NOUN
emaj-162	66	37	of	of	ADP
emaj-162	66	38	banks	bank	NOUN
emaj-162	66	39	,	,	PUNCT
emaj-162	66	40	using	use	VERB
emaj-162	66	41	standard	standard	ADJ
emaj-162	66	42	accounting	accounting	NOUN
emaj-162	66	43	ratios	ratio	NOUN
emaj-162	66	44	and	and	CCONJ
emaj-162	66	45	x	x	NOUN
emaj-162	66	46	-	-	NOUN
emaj-162	66	47	efficiency	efficiency	NOUN
emaj-162	66	48	measures	measure	NOUN
emaj-162	66	49	,	,	PUNCT
emaj-162	66	50	they	they	PRON
emaj-162	66	51	found	find	VERB
emaj-162	66	52	that	that	SCONJ
emaj-162	66	53	merger	merger	NOUN
emaj-162	66	54	and	and	CCONJ
emaj-162	66	55	acquisition	acquisition	NOUN
emaj-162	66	56	operations	operation	NOUN
emaj-162	66	57	are	be	AUX
emaj-162	66	58	associated	associate	VERB
emaj-162	66	59	with	with	ADP
emaj-162	66	60	a	a	DET
emaj-162	66	61	slight	slight	ADJ
emaj-162	66	62	deterioration	deterioration	NOUN
emaj-162	66	63	in	in	ADP
emaj-162	66	64	return	return	NOUN
emaj-162	66	65	on	on	ADP
emaj-162	66	66	equity	equity	NOUN
emaj-162	66	67	,	,	PUNCT
emaj-162	66	68	cash	cash	NOUN
emaj-162	66	69	flow	flow	NOUN
emaj-162	66	70	return	return	NOUN
emaj-162	66	71	and	and	CCONJ
emaj-162	66	72	profit	profit	NOUN
emaj-162	66	73	efficiency	efficiency	NOUN
emaj-162	66	74	and	and	CCONJ
emaj-162	66	75	with	with	ADP
emaj-162	66	76	a	a	DET
emaj-162	66	77	marked	mark	VERB
emaj-162	66	78	improvement	improvement	NOUN
emaj-162	66	79	in	in	ADP
emaj-162	66	80	cost	cost	NOUN
emaj-162	66	81	efficiency	efficiency	NOUN
emaj-162	66	82	.	.	PUNCT
emaj-162	67	1	iii	iii	X
emaj-162	67	2	.	.	PUNCT
emaj-162	68	1	mergers	merger	NOUN
emaj-162	68	2	and	and	CCONJ
emaj-162	68	3	firm	firm	ADJ
emaj-162	68	4	performance	performance	NOUN
emaj-162	68	5	there	there	PRON
emaj-162	68	6	is	be	VERB
emaj-162	68	7	divided	divide	VERB
emaj-162	68	8	opinion	opinion	NOUN
emaj-162	68	9	on	on	ADP
emaj-162	68	10	the	the	DET
emaj-162	68	11	impact	impact	NOUN
emaj-162	68	12	of	of	ADP
emaj-162	68	13	mergers	merger	NOUN
emaj-162	68	14	and	and	CCONJ
emaj-162	68	15	acquisition	acquisition	NOUN
emaj-162	68	16	on	on	ADP
emaj-162	68	17	the	the	DET
emaj-162	68	18	financial	financial	ADJ
emaj-162	68	19	performance	performance	NOUN
emaj-162	68	20	of	of	ADP
emaj-162	68	21	organizations	organization	NOUN
emaj-162	68	22	;	;	PUNCT
emaj-162	68	23	epstein	epstein	PROPN
emaj-162	68	24	(	(	PUNCT
emaj-162	68	25	2005	2005	NUM
emaj-162	68	26	)	)	PUNCT
emaj-162	68	27	argued	argue	VERB
emaj-162	68	28	that	that	SCONJ
emaj-162	68	29	,	,	PUNCT
emaj-162	68	30	mergers	merger	NOUN
emaj-162	68	31	and	and	CCONJ
emaj-162	68	32	acquisition	acquisition	NOUN
emaj-162	68	33	have	have	AUX
emaj-162	68	34	been	be	AUX
emaj-162	68	35	studied	study	VERB
emaj-162	68	36	using	use	VERB
emaj-162	68	37	narrow	narrow	ADJ
emaj-162	68	38	and	and	CCONJ
emaj-162	68	39	uninformative	uninformative	ADJ
emaj-162	68	40	measures	measure	NOUN
emaj-162	68	41	such	such	ADJ
emaj-162	68	42	as	as	ADP
emaj-162	68	43	short	short	ADJ
emaj-162	68	44	term	term	NOUN
emaj-162	68	45	stock	stock	NOUN
emaj-162	68	46	valuation	valuation	NOUN
emaj-162	68	47	.	.	PUNCT
emaj-162	69	1	the	the	DET
emaj-162	69	2	capital	capital	NOUN
emaj-162	69	3	market	market	NOUN
emaj-162	69	4	is	be	AUX
emaj-162	69	5	volatile	volatile	ADJ
emaj-162	69	6	in	in	ADP
emaj-162	69	7	nature	nature	NOUN
emaj-162	69	8	;	;	PUNCT
emaj-162	69	9	the	the	DET
emaj-162	69	10	economic	economic	ADJ
emaj-162	69	11	climate	climate	NOUN
emaj-162	69	12	of	of	ADP
emaj-162	69	13	the	the	DET
emaj-162	69	14	period	period	NOUN
emaj-162	69	15	a	a	DET
emaj-162	69	16	merger	merger	NOUN
emaj-162	69	17	is	be	AUX
emaj-162	69	18	undertaken	undertake	VERB
emaj-162	69	19	to	to	ADP
emaj-162	69	20	an	an	DET
emaj-162	69	21	extent	extent	NOUN
emaj-162	69	22	,	,	PUNCT
emaj-162	69	23	determines	determine	VERB
emaj-162	69	24	the	the	DET
emaj-162	69	25	interpretation	interpretation	NOUN
emaj-162	69	26	of	of	ADP
emaj-162	69	27	its	its	PRON
emaj-162	69	28	impact	impact	NOUN
emaj-162	69	29	.	.	PUNCT
emaj-162	70	1	in	in	ADP
emaj-162	70	2	a	a	DET
emaj-162	70	3	strong	strong	ADJ
emaj-162	70	4	economy	economy	NOUN
emaj-162	70	5	,	,	PUNCT
emaj-162	70	6	a	a	DET
emaj-162	70	7	poor	poor	ADJ
emaj-162	70	8	merger	merger	NOUN
emaj-162	70	9	could	could	AUX
emaj-162	70	10	be	be	AUX
emaj-162	70	11	seen	see	VERB
emaj-162	70	12	as	as	ADP
emaj-162	70	13	successful	successful	ADJ
emaj-162	70	14	and	and	CCONJ
emaj-162	70	15	vice	vice	ADV
emaj-162	70	16	versa	versa	ADV
emaj-162	70	17	.	.	PUNCT
emaj-162	71	1	this	this	PRON
emaj-162	71	2	underscores	underscore	VERB
emaj-162	71	3	the	the	DET
emaj-162	71	4	inadequacy	inadequacy	NOUN
emaj-162	71	5	of	of	ADP
emaj-162	71	6	measuring	measure	VERB
emaj-162	71	7	a	a	DET
emaj-162	71	8	merger	merger	NOUN
emaj-162	71	9	success	success	NOUN
emaj-162	71	10	with	with	ADP
emaj-162	71	11	changes	change	NOUN
emaj-162	71	12	in	in	ADP
emaj-162	71	13	stock	stock	NOUN
emaj-162	71	14	prices	price	NOUN
emaj-162	71	15	or	or	CCONJ
emaj-162	71	16	short	short	ADJ
emaj-162	71	17	-	-	PUNCT
emaj-162	71	18	term	term	NOUN
emaj-162	71	19	analysis	analysis	NOUN
emaj-162	71	20	.	.	PUNCT
emaj-162	72	1	delong	delong	PROPN
emaj-162	72	2	and	and	CCONJ
emaj-162	72	3	deyoung	deyoung	PROPN
emaj-162	72	4	(	(	PUNCT
emaj-162	72	5	2007	2007	NUM
emaj-162	72	6	)	)	PUNCT
emaj-162	72	7	argued	argue	VERB
emaj-162	72	8	that	that	SCONJ
emaj-162	72	9	,	,	PUNCT
emaj-162	72	10	it	it	PRON
emaj-162	72	11	is	be	AUX
emaj-162	72	12	important	important	ADJ
emaj-162	72	13	to	to	PART
emaj-162	72	14	distinguish	distinguish	VERB
emaj-162	72	15	between	between	ADP
emaj-162	72	16	factors	factor	NOUN
emaj-162	72	17	that	that	PRON
emaj-162	72	18	actually	actually	ADV
emaj-162	72	19	damage	damage	VERB
emaj-162	72	20	the	the	DET
emaj-162	72	21	value	value	NOUN
emaj-162	72	22	of	of	ADP
emaj-162	72	23	a	a	DET
emaj-162	72	24	merger	merger	NOUN
emaj-162	72	25	and	and	CCONJ
emaj-162	72	26	those	those	DET
emaj-162	72	27	factors	factor	NOUN
emaj-162	72	28	that	that	PRON
emaj-162	72	29	damage	damage	VERB
emaj-162	72	30	perception	perception	NOUN
emaj-162	72	31	of	of	ADP
emaj-162	72	32	a	a	DET
emaj-162	72	33	merger	merger	NOUN
emaj-162	72	34	.	.	PUNCT
emaj-162	73	1	this	this	DET
emaj-162	73	2	lack	lack	NOUN
emaj-162	73	3	of	of	ADP
emaj-162	73	4	clarity	clarity	NOUN
emaj-162	73	5	regarding	regard	VERB
emaj-162	73	6	the	the	DET
emaj-162	73	7	elements	element	NOUN
emaj-162	73	8	of	of	ADP
emaj-162	73	9	merger	merger	NOUN
emaj-162	73	10	success	success	NOUN
emaj-162	73	11	,	,	PUNCT
emaj-162	73	12	along	along	ADP
emaj-162	73	13	with	with	ADP
emaj-162	73	14	a	a	DET
emaj-162	73	15	couple	couple	NOUN
emaj-162	73	16	of	of	ADP
emaj-162	73	17	measurement	measurement	NOUN
emaj-162	73	18	flaws	flaw	NOUN
emaj-162	73	19	has	have	AUX
emaj-162	73	20	incited	incite	VERB
emaj-162	73	21	a	a	DET
emaj-162	73	22	debate	debate	NOUN
emaj-162	73	23	that	that	PRON
emaj-162	73	24	questions	question	VERB
emaj-162	73	25	the	the	DET
emaj-162	73	26	relevance	relevance	NOUN
emaj-162	73	27	of	of	ADP
emaj-162	73	28	mergers	merger	NOUN
emaj-162	73	29	and	and	CCONJ
emaj-162	73	30	acquisition	acquisition	NOUN
emaj-162	73	31	.	.	PUNCT
emaj-162	74	1	however	however	ADV
emaj-162	74	2	,	,	PUNCT
emaj-162	74	3	scholars	scholar	NOUN
emaj-162	74	4	have	have	AUX
emaj-162	74	5	noted	note	VERB
emaj-162	74	6	that	that	SCONJ
emaj-162	74	7	the	the	DET
emaj-162	74	8	correct	correct	ADJ
emaj-162	74	9	application	application	NOUN
emaj-162	74	10	of	of	ADP
emaj-162	74	11	some	some	DET
emaj-162	74	12	factors	factor	NOUN
emaj-162	74	13	would	would	AUX
emaj-162	74	14	ensure	ensure	VERB
emaj-162	74	15	the	the	DET
emaj-162	74	16	success	success	NOUN
emaj-162	74	17	of	of	ADP
emaj-162	74	18	mergers	merger	NOUN
emaj-162	74	19	and	and	CCONJ
emaj-162	74	20	acquisition	acquisition	NOUN
emaj-162	74	21	(	(	PUNCT
emaj-162	74	22	maire	maire	NOUN
emaj-162	74	23	and	and	CCONJ
emaj-162	74	24	collerette	collerette	NOUN
emaj-162	74	25	,	,	PUNCT
emaj-162	74	26	2011	2011	NUM
emaj-162	74	27	;	;	PUNCT
emaj-162	74	28	jimmy	jimmy	PROPN
emaj-162	74	29	,	,	PUNCT
emaj-162	74	30	2008	2008	NUM
emaj-162	74	31	;	;	PUNCT
emaj-162	74	32	chanmugan	chanmugan	VERB
emaj-162	74	33	et	et	PROPN
emaj-162	74	34	al	al	PROPN
emaj-162	74	35	,	,	PUNCT
emaj-162	74	36	2005	2005	NUM
emaj-162	74	37	;	;	PUNCT
emaj-162	74	38	epstein	epstein	PROPN
emaj-162	74	39	,	,	PUNCT
emaj-162	74	40	2005	2005	NUM
emaj-162	74	41	;	;	PUNCT
emaj-162	74	42	houston	houston	PROPN
emaj-162	74	43	and	and	CCONJ
emaj-162	74	44	ryangaert	ryangaert	PROPN
emaj-162	74	45	,	,	PUNCT
emaj-162	74	46	2001	2001	NUM
emaj-162	74	47	)	)	PUNCT
emaj-162	74	48	.	.	PUNCT
emaj-162	75	1	these	these	DET
emaj-162	75	2	factors	factor	NOUN
emaj-162	75	3	are	be	AUX
emaj-162	75	4	considered	consider	VERB
emaj-162	75	5	below	below	ADV
emaj-162	75	6	.	.	PUNCT
emaj-162	76	1	strategic	strategic	ADJ
emaj-162	76	2	fit	fit	NOUN
emaj-162	76	3	among	among	ADP
emaj-162	76	4	merging	merge	VERB
emaj-162	76	5	firms	firm	NOUN
emaj-162	76	6	is	be	AUX
emaj-162	76	7	a	a	DET
emaj-162	76	8	critical	critical	ADJ
emaj-162	76	9	element	element	NOUN
emaj-162	76	10	in	in	ADP
emaj-162	76	11	determining	determine	VERB
emaj-162	76	12	the	the	DET
emaj-162	76	13	success	success	NOUN
emaj-162	76	14	or	or	CCONJ
emaj-162	76	15	failure	failure	NOUN
emaj-162	76	16	of	of	ADP
emaj-162	76	17	a	a	DET
emaj-162	76	18	deal	deal	NOUN
emaj-162	76	19	(	(	PUNCT
emaj-162	76	20	houston	houston	PROPN
emaj-162	76	21	and	and	CCONJ
emaj-162	76	22	ryangaert	ryangaert	NOUN
emaj-162	76	23	,	,	PUNCT
emaj-162	76	24	2001	2001	NUM
emaj-162	76	25	)	)	PUNCT
emaj-162	76	26	,	,	PUNCT
emaj-162	76	27	because	because	SCONJ
emaj-162	76	28	it	it	PRON
emaj-162	76	29	refers	refer	VERB
emaj-162	76	30	to	to	ADP
emaj-162	76	31	the	the	DET
emaj-162	76	32	degree	degree	NOUN
emaj-162	76	33	to	to	PART
emaj-162	76	34	which	which	PRON
emaj-162	76	35	merging	merge	VERB
emaj-162	76	36	firms	firm	NOUN
emaj-162	76	37	complement	complement	VERB
emaj-162	76	38	each	each	DET
emaj-162	76	39	other	other	ADJ
emaj-162	76	40	and	and	CCONJ
emaj-162	76	41	make	make	VERB
emaj-162	76	42	identifiable	identifiable	ADJ
emaj-162	76	43	contributions	contribution	NOUN
emaj-162	76	44	to	to	ADP
emaj-162	76	45	the	the	DET
emaj-162	76	46	financial	financial	ADJ
emaj-162	76	47	and	and	CCONJ
emaj-162	76	48	non	non	ADJ
emaj-162	76	49	-	-	ADJ
emaj-162	76	50	financial	financial	ADJ
emaj-162	76	51	goals	goal	NOUN
emaj-162	76	52	of	of	ADP
emaj-162	76	53	the	the	DET
emaj-162	76	54	new	new	ADJ
emaj-162	76	55	firm	firm	NOUN
emaj-162	76	56	(	(	PUNCT
emaj-162	76	57	bernard	bernard	PROPN
emaj-162	76	58	et	et	PROPN
emaj-162	76	59	al	al	PROPN
emaj-162	76	60	,	,	PUNCT
emaj-162	76	61	2010	2010	NUM
emaj-162	76	62	)	)	PUNCT
emaj-162	76	63	.	.	PUNCT
emaj-162	77	1	the	the	DET
emaj-162	77	2	strategic	strategic	ADJ
emaj-162	77	3	vision	vision	NOUN
emaj-162	77	4	of	of	ADP
emaj-162	77	5	the	the	DET
emaj-162	77	6	merger	merger	NOUN
emaj-162	77	7	should	should	AUX
emaj-162	77	8	clearly	clearly	ADV
emaj-162	77	9	articulate	articulate	VERB
emaj-162	77	10	a	a	DET
emaj-162	77	11	merger	merger	NOUN
emaj-162	77	12	rationale	rationale	NOUN
emaj-162	77	13	that	that	PRON
emaj-162	77	14	is	be	AUX
emaj-162	77	15	centered	center	VERB
emaj-162	77	16	on	on	ADP
emaj-162	77	17	the	the	DET
emaj-162	77	18	creation	creation	NOUN
emaj-162	77	19	of	of	ADP
emaj-162	77	20	long	long	ADJ
emaj-162	77	21	-	-	PUNCT
emaj-162	77	22	term	term	NOUN
emaj-162	77	23	competitive	competitive	ADJ
emaj-162	77	24	advantage	advantage	NOUN
emaj-162	77	25	rather	rather	ADV
emaj-162	77	26	than	than	ADP
emaj-162	77	27	just	just	ADV
emaj-162	77	28	short	short	ADJ
emaj-162	77	29	-	-	PUNCT
emaj-162	77	30	term	term	NOUN
emaj-162	77	31	improvements	improvement	NOUN
emaj-162	77	32	in	in	ADP
emaj-162	77	33	operational	operational	ADJ
emaj-162	77	34	efficiency	efficiency	NOUN
emaj-162	77	35	(	(	PUNCT
emaj-162	77	36	maire	maire	NOUN
emaj-162	77	37	and	and	CCONJ
emaj-162	77	38	collerette	collerette	NOUN
emaj-162	77	39	,	,	PUNCT
emaj-162	77	40	2011	2011	NUM
emaj-162	77	41	)	)	PUNCT
emaj-162	77	42	.	.	PUNCT
emaj-162	78	1	therefore	therefore	ADV
emaj-162	78	2	,	,	PUNCT
emaj-162	78	3	it	it	PRON
emaj-162	78	4	is	be	AUX
emaj-162	78	5	important	important	ADJ
emaj-162	78	6	that	that	SCONJ
emaj-162	78	7	real	real	ADJ
emaj-162	78	8	growth	growth	NOUN
emaj-162	78	9	is	be	AUX
emaj-162	78	10	an	an	DET
emaj-162	78	11	expectation	expectation	NOUN
emaj-162	78	12	of	of	ADP
emaj-162	78	13	the	the	DET
emaj-162	78	14	merger	merger	NOUN
emaj-162	78	15	and	and	CCONJ
emaj-162	78	16	that	that	SCONJ
emaj-162	78	17	the	the	DET
emaj-162	78	18	entire	entire	ADJ
emaj-162	78	19	rationale	rationale	NOUN
emaj-162	78	20	is	be	AUX
emaj-162	78	21	not	not	PART
emaj-162	78	22	centered	center	VERB
emaj-162	78	23	on	on	ADP
emaj-162	78	24	cost	cost	NOUN
emaj-162	78	25	cutting	cutting	NOUN
emaj-162	78	26	and	and	CCONJ
emaj-162	78	27	elimination	elimination	NOUN
emaj-162	78	28	of	of	ADP
emaj-162	78	29	redundancies	redundancy	NOUN
emaj-162	78	30	.	.	PUNCT
emaj-162	79	1	it	it	PRON
emaj-162	79	2	is	be	AUX
emaj-162	79	3	also	also	ADV
emaj-162	79	4	important	important	ADJ
emaj-162	79	5	for	for	SCONJ
emaj-162	79	6	the	the	DET
emaj-162	79	7	firms	firm	NOUN
emaj-162	79	8	to	to	PART
emaj-162	79	9	analyze	analyze	VERB
emaj-162	79	10	the	the	DET
emaj-162	79	11	strategic	strategic	ADJ
emaj-162	79	12	vision	vision	NOUN
emaj-162	79	13	and	and	CCONJ
emaj-162	79	14	compatibility	compatibility	NOUN
emaj-162	79	15	with	with	ADP
emaj-162	79	16	respect	respect	NOUN
emaj-162	79	17	to	to	ADP
emaj-162	79	18	culture	culture	NOUN
emaj-162	79	19	,	,	PUNCT
emaj-162	79	20	systems	system	NOUN
emaj-162	79	21	and	and	CCONJ
emaj-162	79	22	processes	process	NOUN
emaj-162	79	23	(	(	PUNCT
emaj-162	79	24	chanmugan	chanmugan	NOUN
emaj-162	79	25	et	et	PROPN
emaj-162	79	26	al	al	PROPN
emaj-162	79	27	,	,	PUNCT
emaj-162	79	28	2005	2005	NUM
emaj-162	79	29	)	)	PUNCT
emaj-162	79	30	.	.	PUNCT
emaj-162	80	1	amel	amel	PROPN
emaj-162	80	2	et	et	PROPN
emaj-162	80	3	al	al	PROPN
emaj-162	80	4	(	(	PUNCT
emaj-162	80	5	2004	2004	NUM
emaj-162	80	6	)	)	PUNCT
emaj-162	80	7	found	find	VERB
emaj-162	80	8	that	that	SCONJ
emaj-162	80	9	,	,	PUNCT
emaj-162	80	10	the	the	DET
emaj-162	80	11	concept	concept	NOUN
emaj-162	80	12	of	of	ADP
emaj-162	80	13	strategic	strategic	ADJ
emaj-162	80	14	fit	fit	NOUN
emaj-162	80	15	is	be	AUX
emaj-162	80	16	associated	associate	VERB
emaj-162	80	17	with	with	ADP
emaj-162	80	18	synergies	synergy	NOUN
emaj-162	80	19	and	and	CCONJ
emaj-162	80	20	with	with	ADP
emaj-162	80	21	the	the	DET
emaj-162	80	22	possibility	possibility	NOUN
emaj-162	80	23	for	for	SCONJ
emaj-162	80	24	the	the	DET
emaj-162	80	25	resulting	result	VERB
emaj-162	80	26	firm	firm	NOUN
emaj-162	80	27	to	to	PART
emaj-162	80	28	obtain	obtain	VERB
emaj-162	80	29	economies	economy	NOUN
emaj-162	80	30	of	of	ADP
emaj-162	80	31	scale	scale	NOUN
emaj-162	80	32	that	that	PRON
emaj-162	80	33	promote	promote	VERB
emaj-162	80	34	efficiency	efficiency	NOUN
emaj-162	80	35	and	and	CCONJ
emaj-162	80	36	reduce	reduce	VERB
emaj-162	80	37	average	average	ADJ
emaj-162	80	38	costs	cost	NOUN
emaj-162	80	39	.	.	PUNCT
emaj-162	81	1	volume	volume	NOUN
emaj-162	81	2	9	9	NUM
emaj-162	81	3	no	no	DET
emaj-162	81	4	1	1	NUM
emaj-162	81	5	(	(	PUNCT
emaj-162	81	6	2019	2019	NUM
emaj-162	81	7	)	)	PUNCT
emaj-162	81	8	|	|	ADV
emaj-162	81	9	issn	issn	VERB
emaj-162	81	10	2158	2158	NUM
emaj-162	81	11	-	-	SYM
emaj-162	81	12	8708	8708	NUM
emaj-162	81	13	(	(	PUNCT
emaj-162	81	14	online	online	NOUN
emaj-162	81	15	)	)	PUNCT
emaj-162	81	16	|	|	ADV
emaj-162	81	17	doi	doi	X
emaj-162	81	18	10.5195	10.5195	NUM
emaj-162	81	19	/	/	SYM
emaj-162	81	20	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	82	1	|	|	ADV
emaj-162	82	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	82	3	mergers	merger	NOUN
emaj-162	82	4	,	,	PUNCT
emaj-162	82	5	acquisitions	acquisition	NOUN
emaj-162	82	6	and	and	CCONJ
emaj-162	82	7	financial	financial	ADJ
emaj-162	82	8	performance	performance	NOUN
emaj-162	82	9	:	:	PUNCT
emaj-162	82	10	a	a	DET
emaj-162	82	11	study	study	NOUN
emaj-162	82	12	of	of	ADP
emaj-162	82	13	selected	select	VERB
emaj-162	82	14	financial	financial	ADJ
emaj-162	82	15	institutions	institution	NOUN
emaj-162	82	16	page	page	VERB
emaj-162	82	17	|38|	|38|	ADJ
emaj-162	82	18	emerging	emerge	VERB
emaj-162	82	19	markets	market	NOUN
emaj-162	82	20	journal	journal	NOUN
emaj-162	82	21	further	far	ADV
emaj-162	82	22	,	,	PUNCT
emaj-162	82	23	another	another	DET
emaj-162	82	24	factor	factor	NOUN
emaj-162	82	25	identified	identify	VERB
emaj-162	82	26	in	in	ADP
emaj-162	82	27	the	the	DET
emaj-162	82	28	literature	literature	NOUN
emaj-162	82	29	that	that	PRON
emaj-162	82	30	has	have	AUX
emaj-162	82	31	led	lead	VERB
emaj-162	82	32	to	to	ADP
emaj-162	82	33	the	the	DET
emaj-162	82	34	failure	failure	NOUN
emaj-162	82	35	of	of	ADP
emaj-162	82	36	mergers	merger	NOUN
emaj-162	82	37	and	and	CCONJ
emaj-162	82	38	acquisition	acquisition	NOUN
emaj-162	82	39	to	to	PART
emaj-162	82	40	deliver	deliver	VERB
emaj-162	82	41	on	on	ADP
emaj-162	82	42	its	its	PRON
emaj-162	82	43	promise	promise	NOUN
emaj-162	82	44	of	of	ADP
emaj-162	82	45	higher	high	ADJ
emaj-162	82	46	profitability	profitability	NOUN
emaj-162	82	47	is	be	AUX
emaj-162	82	48	the	the	DET
emaj-162	82	49	premium	premium	NOUN
emaj-162	82	50	paid	pay	VERB
emaj-162	82	51	for	for	ADP
emaj-162	82	52	a	a	DET
emaj-162	82	53	target	target	NOUN
emaj-162	82	54	firm	firm	NOUN
emaj-162	82	55	and	and	CCONJ
emaj-162	82	56	the	the	DET
emaj-162	82	57	type	type	NOUN
emaj-162	82	58	of	of	ADP
emaj-162	82	59	financing	financing	NOUN
emaj-162	82	60	used	use	VERB
emaj-162	82	61	(	(	PUNCT
emaj-162	82	62	epstein	epstein	NOUN
emaj-162	82	63	,	,	PUNCT
emaj-162	82	64	2005	2005	NUM
emaj-162	82	65	)	)	PUNCT
emaj-162	82	66	.	.	PUNCT
emaj-162	83	1	prior	prior	ADJ
emaj-162	83	2	studies	study	NOUN
emaj-162	83	3	conducted	conduct	VERB
emaj-162	83	4	on	on	ADP
emaj-162	83	5	this	this	DET
emaj-162	83	6	subject	subject	NOUN
emaj-162	83	7	show	show	NOUN
emaj-162	83	8	that	that	SCONJ
emaj-162	83	9	merger	merger	NOUN
emaj-162	83	10	premiums	premium	NOUN
emaj-162	83	11	to	to	ADP
emaj-162	83	12	targets	target	NOUN
emaj-162	83	13	are	be	AUX
emaj-162	83	14	large	large	ADJ
emaj-162	83	15	,	,	PUNCT
emaj-162	83	16	positive	positive	ADJ
emaj-162	83	17	and	and	CCONJ
emaj-162	83	18	statistically	statistically	ADV
emaj-162	83	19	significant	significant	ADJ
emaj-162	83	20	(	(	PUNCT
emaj-162	83	21	cyree	cyree	NOUN
emaj-162	83	22	,	,	PUNCT
emaj-162	83	23	2010	2010	NUM
emaj-162	83	24	)	)	PUNCT
emaj-162	83	25	.	.	PUNCT
emaj-162	84	1	becher	becher	PROPN
emaj-162	84	2	(	(	PUNCT
emaj-162	84	3	2000	2000	NUM
emaj-162	84	4	)	)	PUNCT
emaj-162	84	5	found	find	VERB
emaj-162	84	6	that	that	SCONJ
emaj-162	84	7	,	,	PUNCT
emaj-162	84	8	publicly	publicly	ADV
emaj-162	84	9	traded	trade	VERB
emaj-162	84	10	targets	target	NOUN
emaj-162	84	11	gain	gain	VERB
emaj-162	84	12	22	22	NUM
emaj-162	84	13	%	%	NOUN
emaj-162	84	14	on	on	ADP
emaj-162	84	15	average	average	NOUN
emaj-162	84	16	for	for	ADP
emaj-162	84	17	a	a	DET
emaj-162	84	18	sample	sample	NOUN
emaj-162	84	19	of	of	ADP
emaj-162	84	20	mergers	merger	NOUN
emaj-162	84	21	studied	study	VERB
emaj-162	84	22	in	in	ADP
emaj-162	84	23	the	the	DET
emaj-162	84	24	1990s	1990s	NUM
emaj-162	84	25	.	.	PUNCT
emaj-162	85	1	further	further	ADJ
emaj-162	85	2	researches	research	NOUN
emaj-162	85	3	show	show	VERB
emaj-162	85	4	that	that	SCONJ
emaj-162	85	5	bidding	bidding	NOUN
emaj-162	85	6	companies	company	NOUN
emaj-162	85	7	that	that	PRON
emaj-162	85	8	make	make	VERB
emaj-162	85	9	cash	cash	NOUN
emaj-162	85	10	offers	offer	NOUN
emaj-162	85	11	make	make	VERB
emaj-162	85	12	postmerger	postmerger	NOUN
emaj-162	85	13	returns	return	NOUN
emaj-162	85	14	that	that	PRON
emaj-162	85	15	are	be	AUX
emaj-162	85	16	either	either	CCONJ
emaj-162	85	17	minimal	minimal	ADJ
emaj-162	85	18	or	or	CCONJ
emaj-162	85	19	negative	negative	ADJ
emaj-162	85	20	(	(	PUNCT
emaj-162	85	21	gaughan	gaughan	NOUN
emaj-162	85	22	,	,	PUNCT
emaj-162	85	23	2011	2011	NUM
emaj-162	85	24	)	)	PUNCT
emaj-162	85	25	.	.	PUNCT
emaj-162	86	1	chanmugan	chanmugan	AUX
emaj-162	86	2	et	et	PROPN
emaj-162	86	3	al	al	PROPN
emaj-162	86	4	(	(	PUNCT
emaj-162	86	5	2005	2005	NUM
emaj-162	86	6	)	)	PUNCT
emaj-162	86	7	stated	state	VERB
emaj-162	86	8	that	that	SCONJ
emaj-162	86	9	,	,	PUNCT
emaj-162	86	10	bids	bid	NOUN
emaj-162	86	11	are	be	AUX
emaj-162	86	12	better	well	ADV
emaj-162	86	13	informed	informed	ADJ
emaj-162	86	14	when	when	SCONJ
emaj-162	86	15	they	they	PRON
emaj-162	86	16	are	be	AUX
emaj-162	86	17	driven	drive	VERB
emaj-162	86	18	by	by	ADP
emaj-162	86	19	downstream	downstream	ADJ
emaj-162	86	20	evaluation	evaluation	NOUN
emaj-162	86	21	and	and	CCONJ
emaj-162	86	22	defined	define	VERB
emaj-162	86	23	in	in	ADP
emaj-162	86	24	terms	term	NOUN
emaj-162	86	25	of	of	ADP
emaj-162	86	26	a	a	DET
emaj-162	86	27	target	target	NOUN
emaj-162	86	28	return	return	NOUN
emaj-162	86	29	on	on	ADP
emaj-162	86	30	investment	investment	NOUN
emaj-162	86	31	and	and	CCONJ
emaj-162	86	32	plans	plan	NOUN
emaj-162	86	33	to	to	PART
emaj-162	86	34	realize	realize	VERB
emaj-162	86	35	it	it	PRON
emaj-162	86	36	.	.	PUNCT
emaj-162	87	1	however	however	ADV
emaj-162	87	2	,	,	PUNCT
emaj-162	87	3	palia	palia	PROPN
emaj-162	87	4	(	(	PUNCT
emaj-162	87	5	1993	1993	NUM
emaj-162	87	6	)	)	PUNCT
emaj-162	87	7	concluded	conclude	VERB
emaj-162	87	8	from	from	ADP
emaj-162	87	9	her	her	PRON
emaj-162	87	10	study	study	NOUN
emaj-162	87	11	that	that	SCONJ
emaj-162	87	12	,	,	PUNCT
emaj-162	87	13	the	the	PRON
emaj-162	87	14	higher	high	ADJ
emaj-162	87	15	the	the	DET
emaj-162	87	16	target	target	NOUN
emaj-162	87	17	return	return	VERB
emaj-162	87	18	-	-	PUNCT
emaj-162	87	19	on	on	ADP
emaj-162	87	20	-	-	PUNCT
emaj-162	87	21	assets	asset	NOUN
emaj-162	87	22	and	and	CCONJ
emaj-162	87	23	the	the	PRON
emaj-162	87	24	more	more	ADV
emaj-162	87	25	the	the	DET
emaj-162	87	26	target	target	NOUN
emaj-162	87	27	is	be	AUX
emaj-162	87	28	concentrated	concentrate	VERB
emaj-162	87	29	.	.	PUNCT
emaj-162	88	1	it	it	PRON
emaj-162	88	2	is	be	AUX
emaj-162	88	3	therefore	therefore	ADV
emaj-162	88	4	necessary	necessary	ADJ
emaj-162	88	5	on	on	ADP
emaj-162	88	6	one	one	NUM
emaj-162	88	7	hand	hand	NOUN
emaj-162	88	8	to	to	PART
emaj-162	88	9	assess	assess	VERB
emaj-162	88	10	the	the	DET
emaj-162	88	11	payment	payment	NOUN
emaj-162	88	12	paid	pay	VERB
emaj-162	88	13	for	for	ADP
emaj-162	88	14	the	the	DET
emaj-162	88	15	target	target	NOUN
emaj-162	88	16	firm	firm	NOUN
emaj-162	88	17	to	to	PART
emaj-162	88	18	avoid	avoid	VERB
emaj-162	88	19	overvaluing	overvalue	VERB
emaj-162	88	20	or	or	CCONJ
emaj-162	88	21	over	over	ADP
emaj-162	88	22	paying	pay	VERB
emaj-162	88	23	with	with	ADP
emaj-162	88	24	the	the	DET
emaj-162	88	25	resultant	resultant	NOUN
emaj-162	88	26	effect	effect	NOUN
emaj-162	88	27	of	of	ADP
emaj-162	88	28	overburdening	overburden	VERB
emaj-162	88	29	the	the	DET
emaj-162	88	30	new	new	ADJ
emaj-162	88	31	company	company	NOUN
emaj-162	88	32	with	with	ADP
emaj-162	88	33	high	high	ADJ
emaj-162	88	34	debt	debt	NOUN
emaj-162	88	35	and	and	CCONJ
emaj-162	88	36	on	on	ADP
emaj-162	88	37	the	the	DET
emaj-162	88	38	other	other	ADJ
emaj-162	88	39	hand	hand	NOUN
emaj-162	88	40	,	,	PUNCT
emaj-162	88	41	find	find	VERB
emaj-162	88	42	the	the	DET
emaj-162	88	43	best	good	ADJ
emaj-162	88	44	payment	payment	NOUN
emaj-162	88	45	method	method	NOUN
emaj-162	88	46	that	that	PRON
emaj-162	88	47	would	would	AUX
emaj-162	88	48	serve	serve	VERB
emaj-162	88	49	the	the	DET
emaj-162	88	50	interest	interest	NOUN
emaj-162	88	51	of	of	ADP
emaj-162	88	52	the	the	DET
emaj-162	88	53	shareholders	shareholder	NOUN
emaj-162	88	54	of	of	ADP
emaj-162	88	55	the	the	DET
emaj-162	88	56	bidding	bidding	NOUN
emaj-162	88	57	company	company	NOUN
emaj-162	88	58	.	.	PUNCT
emaj-162	89	1	for	for	ADP
emaj-162	89	2	example	example	NOUN
emaj-162	89	3	,	,	PUNCT
emaj-162	89	4	in	in	ADP
emaj-162	89	5	1999	1999	NUM
emaj-162	89	6	,	,	PUNCT
emaj-162	89	7	federated	federate	VERB
emaj-162	89	8	acquired	acquire	VERB
emaj-162	89	9	fingerhut	fingerhut	NOUN
emaj-162	89	10	for	for	ADP
emaj-162	89	11	$	$	SYM
emaj-162	89	12	1.7billion	1.7billion	NOUN
emaj-162	89	13	in	in	ADP
emaj-162	89	14	order	order	NOUN
emaj-162	89	15	to	to	PART
emaj-162	89	16	harness	harness	VERB
emaj-162	89	17	its	its	PRON
emaj-162	89	18	marketing	marketing	NOUN
emaj-162	89	19	expertise	expertise	NOUN
emaj-162	89	20	to	to	PART
emaj-162	89	21	improve	improve	VERB
emaj-162	89	22	sales	sale	NOUN
emaj-162	89	23	and	and	CCONJ
emaj-162	89	24	market	market	NOUN
emaj-162	89	25	share	share	NOUN
emaj-162	89	26	,	,	PUNCT
emaj-162	89	27	but	but	CCONJ
emaj-162	89	28	sold	sell	VERB
emaj-162	89	29	the	the	DET
emaj-162	89	30	company	company	NOUN
emaj-162	89	31	for	for	ADP
emaj-162	89	32	$	$	SYM
emaj-162	89	33	800million	800million	PROPN
emaj-162	89	34	in	in	ADP
emaj-162	89	35	2002	2002	NUM
emaj-162	89	36	because	because	SCONJ
emaj-162	89	37	after	after	ADP
emaj-162	89	38	three	three	NUM
emaj-162	89	39	years	year	NOUN
emaj-162	89	40	,	,	PUNCT
emaj-162	89	41	federated	federate	VERB
emaj-162	89	42	was	be	AUX
emaj-162	89	43	yet	yet	ADV
emaj-162	89	44	to	to	PART
emaj-162	89	45	reap	reap	VERB
emaj-162	89	46	the	the	DET
emaj-162	89	47	benefits	benefit	NOUN
emaj-162	89	48	of	of	ADP
emaj-162	89	49	the	the	DET
emaj-162	89	50	acquisition	acquisition	NOUN
emaj-162	89	51	and	and	CCONJ
emaj-162	89	52	market	market	NOUN
emaj-162	89	53	analysts	analyst	NOUN
emaj-162	89	54	claim	claim	VERB
emaj-162	89	55	that	that	SCONJ
emaj-162	89	56	the	the	DET
emaj-162	89	57	shares	share	NOUN
emaj-162	89	58	of	of	ADP
emaj-162	89	59	fingerhut	fingerhut	PROPN
emaj-162	89	60	was	be	AUX
emaj-162	89	61	overpaid	overpay	VERB
emaj-162	89	62	for	for	ADP
emaj-162	89	63	by	by	ADP
emaj-162	89	64	a	a	DET
emaj-162	89	65	premium	premium	NOUN
emaj-162	89	66	of	of	ADP
emaj-162	89	67	30	30	NUM
emaj-162	89	68	%	%	NOUN
emaj-162	89	69	.	.	PUNCT
emaj-162	90	1	likewise	likewise	ADV
emaj-162	90	2	,	,	PUNCT
emaj-162	90	3	the	the	DET
emaj-162	90	4	merging	merge	VERB
emaj-162	90	5	firms	firm	NOUN
emaj-162	90	6	should	should	AUX
emaj-162	90	7	take	take	VERB
emaj-162	90	8	care	care	NOUN
emaj-162	90	9	to	to	PART
emaj-162	90	10	ensure	ensure	VERB
emaj-162	90	11	that	that	SCONJ
emaj-162	90	12	,	,	PUNCT
emaj-162	90	13	the	the	DET
emaj-162	90	14	potential	potential	ADJ
emaj-162	90	15	deal	deal	NOUN
emaj-162	90	16	can	can	AUX
emaj-162	90	17	succeed	succeed	VERB
emaj-162	90	18	in	in	ADP
emaj-162	90	19	implementing	implement	VERB
emaj-162	90	20	the	the	DET
emaj-162	90	21	proposed	propose	VERB
emaj-162	90	22	strategic	strategic	ADJ
emaj-162	90	23	vision	vision	NOUN
emaj-162	90	24	.	.	PUNCT
emaj-162	91	1	this	this	PRON
emaj-162	91	2	would	would	AUX
emaj-162	91	3	include	include	VERB
emaj-162	91	4	the	the	DET
emaj-162	91	5	conduct	conduct	NOUN
emaj-162	91	6	of	of	ADP
emaj-162	91	7	due	due	ADJ
emaj-162	91	8	diligence	diligence	NOUN
emaj-162	91	9	,	,	PUNCT
emaj-162	91	10	review	review	NOUN
emaj-162	91	11	of	of	ADP
emaj-162	91	12	assets	asset	NOUN
emaj-162	91	13	,	,	PUNCT
emaj-162	91	14	liabilities	liability	NOUN
emaj-162	91	15	,	,	PUNCT
emaj-162	91	16	revenues	revenue	NOUN
emaj-162	91	17	and	and	CCONJ
emaj-162	91	18	expenses	expense	NOUN
emaj-162	91	19	;	;	PUNCT
emaj-162	91	20	an	an	DET
emaj-162	91	21	investigation	investigation	NOUN
emaj-162	91	22	and	and	CCONJ
emaj-162	91	23	evaluation	evaluation	NOUN
emaj-162	91	24	of	of	ADP
emaj-162	91	25	organization	organization	NOUN
emaj-162	91	26	fit	fit	PROPN
emaj-162	91	27	,	,	PUNCT
emaj-162	91	28	culture	culture	NOUN
emaj-162	91	29	symmetry	symmetry	NOUN
emaj-162	91	30	,	,	PUNCT
emaj-162	91	31	technological	technological	ADJ
emaj-162	91	32	and	and	CCONJ
emaj-162	91	33	human	human	ADJ
emaj-162	91	34	fit	fit	NOUN
emaj-162	91	35	,	,	PUNCT
emaj-162	91	36	comparison	comparison	NOUN
emaj-162	91	37	of	of	ADP
emaj-162	91	38	accounting	accounting	NOUN
emaj-162	91	39	and	and	CCONJ
emaj-162	91	40	budgeting	budgeting	NOUN
emaj-162	91	41	practices	practice	NOUN
emaj-162	91	42	,	,	PUNCT
emaj-162	91	43	appraisal	appraisal	NOUN
emaj-162	91	44	of	of	ADP
emaj-162	91	45	business	business	NOUN
emaj-162	91	46	philosophies	philosophy	NOUN
emaj-162	91	47	,	,	PUNCT
emaj-162	91	48	work	work	NOUN
emaj-162	91	49	practices	practice	NOUN
emaj-162	91	50	,	,	PUNCT
emaj-162	91	51	leadership	leadership	NOUN
emaj-162	91	52	styles	style	NOUN
emaj-162	91	53	,	,	PUNCT
emaj-162	91	54	expectations	expectation	NOUN
emaj-162	91	55	and	and	CCONJ
emaj-162	91	56	facilities	facility	NOUN
emaj-162	91	57	.	.	PUNCT
emaj-162	92	1	according	accord	VERB
emaj-162	92	2	to	to	ADP
emaj-162	92	3	bernard	bernard	PROPN
emaj-162	92	4	et	et	PROPN
emaj-162	92	5	al	al	PROPN
emaj-162	92	6	(	(	PUNCT
emaj-162	92	7	2010	2010	NUM
emaj-162	92	8	)	)	PUNCT
emaj-162	92	9	,	,	PUNCT
emaj-162	92	10	it	it	PRON
emaj-162	92	11	involved	involve	VERB
emaj-162	92	12	ensuring	ensure	VERB
emaj-162	92	13	a	a	DET
emaj-162	92	14	match	match	NOUN
emaj-162	92	15	between	between	ADP
emaj-162	92	16	administrative	administrative	ADJ
emaj-162	92	17	practices	practice	NOUN
emaj-162	92	18	,	,	PUNCT
emaj-162	92	19	cultural	cultural	ADJ
emaj-162	92	20	practices	practice	NOUN
emaj-162	92	21	,	,	PUNCT
emaj-162	92	22	personnel	personnel	NOUN
emaj-162	92	23	characteristics	characteristic	NOUN
emaj-162	92	24	and	and	CCONJ
emaj-162	92	25	integration	integration	NOUN
emaj-162	92	26	of	of	ADP
emaj-162	92	27	day	day	NOUN
emaj-162	92	28	-	-	PUNCT
emaj-162	92	29	to	to	ADP
emaj-162	92	30	-	-	PUNCT
emaj-162	92	31	day	day	NOUN
emaj-162	92	32	post	post	ADJ
emaj-162	92	33	-	-	ADJ
emaj-162	92	34	merger	merger	ADJ
emaj-162	92	35	operations	operation	NOUN
emaj-162	92	36	.	.	PUNCT
emaj-162	93	1	this	this	DET
emaj-162	93	2	process	process	NOUN
emaj-162	93	3	is	be	AUX
emaj-162	93	4	necessary	necessary	ADJ
emaj-162	93	5	as	as	SCONJ
emaj-162	93	6	the	the	DET
emaj-162	93	7	lack	lack	NOUN
emaj-162	93	8	of	of	ADP
emaj-162	93	9	careful	careful	ADJ
emaj-162	93	10	evaluation	evaluation	NOUN
emaj-162	93	11	of	of	ADP
emaj-162	93	12	both	both	CCONJ
emaj-162	93	13	the	the	DET
emaj-162	93	14	hard	hard	ADJ
emaj-162	93	15	financial	financial	ADJ
emaj-162	93	16	and	and	CCONJ
emaj-162	93	17	soft	soft	ADJ
emaj-162	93	18	personnel	personnel	NOUN
emaj-162	93	19	and	and	CCONJ
emaj-162	93	20	organizational	organizational	ADJ
emaj-162	93	21	issues	issue	NOUN
emaj-162	93	22	have	have	AUX
emaj-162	93	23	been	be	AUX
emaj-162	93	24	found	find	VERB
emaj-162	93	25	to	to	PART
emaj-162	93	26	be	be	AUX
emaj-162	93	27	a	a	DET
emaj-162	93	28	cause	cause	NOUN
emaj-162	93	29	of	of	ADP
emaj-162	93	30	merger	merger	NOUN
emaj-162	93	31	failure	failure	NOUN
emaj-162	93	32	(	(	PUNCT
emaj-162	93	33	beccali	beccali	ADJ
emaj-162	93	34	and	and	CCONJ
emaj-162	93	35	frantz	frantz	PROPN
emaj-162	93	36	,	,	PUNCT
emaj-162	93	37	2009	2009	NUM
emaj-162	93	38	;	;	PUNCT
emaj-162	93	39	okonkwo	okonkwo	NOUN
emaj-162	93	40	,	,	PUNCT
emaj-162	93	41	2004	2004	NUM
emaj-162	93	42	)	)	PUNCT
emaj-162	93	43	.	.	PUNCT
emaj-162	94	1	in	in	ADP
emaj-162	94	2	addition	addition	NOUN
emaj-162	94	3	,	,	PUNCT
emaj-162	94	4	pre	pre	ADJ
emaj-162	94	5	-	-	ADJ
emaj-162	94	6	merger	merger	ADJ
emaj-162	94	7	planning	planning	NOUN
emaj-162	94	8	is	be	AUX
emaj-162	94	9	important	important	ADJ
emaj-162	94	10	because	because	SCONJ
emaj-162	94	11	without	without	ADP
emaj-162	94	12	clear	clear	ADJ
emaj-162	94	13	and	and	CCONJ
emaj-162	94	14	defined	define	VERB
emaj-162	94	15	objectives	objective	NOUN
emaj-162	94	16	,	,	PUNCT
emaj-162	94	17	the	the	DET
emaj-162	94	18	merger	merger	NOUN
emaj-162	94	19	integration	integration	NOUN
emaj-162	94	20	,	,	PUNCT
emaj-162	94	21	synergies	synergy	NOUN
emaj-162	94	22	and	and	CCONJ
emaj-162	94	23	success	success	NOUN
emaj-162	94	24	are	be	AUX
emaj-162	94	25	unachievable	unachievable	ADJ
emaj-162	94	26	(	(	PUNCT
emaj-162	94	27	epstein	epstein	NOUN
emaj-162	94	28	,	,	PUNCT
emaj-162	94	29	2005	2005	NUM
emaj-162	94	30	)	)	PUNCT
emaj-162	94	31	.	.	PUNCT
emaj-162	95	1	the	the	DET
emaj-162	95	2	pre	pre	ADJ
emaj-162	95	3	-	-	ADJ
emaj-162	95	4	merger	merger	ADJ
emaj-162	95	5	planning	planning	NOUN
emaj-162	95	6	entails	entail	VERB
emaj-162	95	7	the	the	DET
emaj-162	95	8	formulation	formulation	NOUN
emaj-162	95	9	of	of	ADP
emaj-162	95	10	the	the	DET
emaj-162	95	11	integration	integration	NOUN
emaj-162	95	12	process	process	NOUN
emaj-162	95	13	and	and	CCONJ
emaj-162	95	14	the	the	DET
emaj-162	95	15	making	making	NOUN
emaj-162	95	16	of	of	ADP
emaj-162	95	17	key	key	ADJ
emaj-162	95	18	decisions	decision	NOUN
emaj-162	95	19	with	with	ADP
emaj-162	95	20	respect	respect	NOUN
emaj-162	95	21	to	to	ADP
emaj-162	95	22	board	board	NOUN
emaj-162	95	23	composition	composition	NOUN
emaj-162	95	24	,	,	PUNCT
emaj-162	95	25	structure	structure	NOUN
emaj-162	95	26	of	of	ADP
emaj-162	95	27	merger	merger	NOUN
emaj-162	95	28	and	and	CCONJ
emaj-162	95	29	timeline	timeline	NOUN
emaj-162	95	30	.	.	PUNCT
emaj-162	96	1	cyree	cyree	PROPN
emaj-162	96	2	(	(	PUNCT
emaj-162	96	3	2010	2010	NUM
emaj-162	96	4	)	)	PUNCT
emaj-162	96	5	claimed	claim	VERB
emaj-162	96	6	that	that	SCONJ
emaj-162	96	7	,	,	PUNCT
emaj-162	96	8	in	in	ADP
emaj-162	96	9	pre	pre	ADJ
emaj-162	96	10	-	-	ADJ
emaj-162	96	11	merger	merger	ADJ
emaj-162	96	12	planning	planning	NOUN
emaj-162	96	13	,	,	PUNCT
emaj-162	96	14	it	it	PRON
emaj-162	96	15	is	be	AUX
emaj-162	96	16	better	well	ADJ
emaj-162	96	17	to	to	PART
emaj-162	96	18	create	create	VERB
emaj-162	96	19	an	an	DET
emaj-162	96	20	entirely	entirely	ADV
emaj-162	96	21	new	new	ADJ
emaj-162	96	22	organization	organization	NOUN
emaj-162	96	23	in	in	ADP
emaj-162	96	24	order	order	NOUN
emaj-162	96	25	not	not	PART
emaj-162	96	26	to	to	PART
emaj-162	96	27	be	be	AUX
emaj-162	96	28	constrained	constrain	VERB
emaj-162	96	29	by	by	ADP
emaj-162	96	30	the	the	DET
emaj-162	96	31	existing	exist	VERB
emaj-162	96	32	structures	structure	NOUN
emaj-162	96	33	.	.	PUNCT
emaj-162	97	1	on	on	ADP
emaj-162	97	2	the	the	DET
emaj-162	97	3	contrary	contrary	NOUN
emaj-162	97	4	,	,	PUNCT
emaj-162	97	5	epstein	epstein	PROPN
emaj-162	97	6	(	(	PUNCT
emaj-162	97	7	2005	2005	NUM
emaj-162	97	8	)	)	PUNCT
emaj-162	97	9	claimed	claim	VERB
emaj-162	97	10	that	that	SCONJ
emaj-162	97	11	,	,	PUNCT
emaj-162	97	12	dismantling	dismantle	VERB
emaj-162	97	13	of	of	ADP
emaj-162	97	14	existing	exist	VERB
emaj-162	97	15	structure	structure	NOUN
emaj-162	97	16	could	could	AUX
emaj-162	97	17	be	be	AUX
emaj-162	97	18	resource	resource	NOUN
emaj-162	97	19	consuming	consume	VERB
emaj-162	97	20	and	and	CCONJ
emaj-162	97	21	creates	create	VERB
emaj-162	97	22	hostilities	hostility	NOUN
emaj-162	97	23	between	between	ADP
emaj-162	97	24	the	the	DET
emaj-162	97	25	merging	merge	VERB
emaj-162	97	26	bodies	body	NOUN
emaj-162	97	27	.	.	PUNCT
emaj-162	98	1	chanmugan	chanmugan	AUX
emaj-162	98	2	et	et	PROPN
emaj-162	98	3	al	al	PROPN
emaj-162	98	4	(	(	PUNCT
emaj-162	98	5	2005	2005	NUM
emaj-162	98	6	)	)	PUNCT
emaj-162	98	7	stated	state	VERB
emaj-162	98	8	that	that	SCONJ
emaj-162	98	9	a	a	DET
emaj-162	98	10	successful	successful	ADJ
emaj-162	98	11	,	,	PUNCT
emaj-162	98	12	integrated	integrate	VERB
emaj-162	98	13	approach	approach	NOUN
emaj-162	98	14	treats	treat	VERB
emaj-162	98	15	mergers	merger	NOUN
emaj-162	98	16	as	as	ADP
emaj-162	98	17	a	a	DET
emaj-162	98	18	life	life	NOUN
emaj-162	98	19	cycle	cycle	NOUN
emaj-162	98	20	that	that	PRON
emaj-162	98	21	starts	start	VERB
emaj-162	98	22	with	with	ADP
emaj-162	98	23	the	the	DET
emaj-162	98	24	pre	pre	ADJ
emaj-162	98	25	-	-	ADJ
emaj-162	98	26	merger	merger	ADJ
emaj-162	98	27	strategies	strategy	NOUN
emaj-162	98	28	of	of	ADP
emaj-162	98	29	goals	goal	NOUN
emaj-162	98	30	,	,	PUNCT
emaj-162	98	31	target	target	NOUN
emaj-162	98	32	identification	identification	NOUN
emaj-162	98	33	,	,	PUNCT
emaj-162	98	34	valuation	valuation	NOUN
emaj-162	98	35	and	and	CCONJ
emaj-162	98	36	progress	progress	NOUN
emaj-162	98	37	through	through	ADP
emaj-162	98	38	deal	deal	NOUN
emaj-162	98	39	execution	execution	NOUN
emaj-162	98	40	and	and	CCONJ
emaj-162	98	41	flows	flow	NOUN
emaj-162	98	42	to	to	PART
emaj-162	98	43	post	post	ADJ
emaj-162	98	44	-	-	ADJ
emaj-162	98	45	merger	merger	ADJ
emaj-162	98	46	integration	integration	NOUN
emaj-162	98	47	.	.	PUNCT
emaj-162	99	1	this	this	DET
emaj-162	99	2	value	value	NOUN
emaj-162	99	3	-	-	PUNCT
emaj-162	99	4	creating	create	VERB
emaj-162	99	5	approach	approach	NOUN
emaj-162	99	6	to	to	ADP
emaj-162	99	7	post	post	ADJ
emaj-162	99	8	-	-	ADJ
emaj-162	99	9	merger	merger	ADJ
emaj-162	99	10	integration	integration	NOUN
emaj-162	99	11	is	be	AUX
emaj-162	99	12	only	only	ADV
emaj-162	99	13	achievable	achievable	ADJ
emaj-162	99	14	through	through	ADP
emaj-162	99	15	meticulous	meticulous	ADJ
emaj-162	99	16	planning	planning	NOUN
emaj-162	99	17	,	,	PUNCT
emaj-162	99	18	de	de	ADJ
emaj-162	99	19	-	-	ADJ
emaj-162	99	20	emphasizing	emphasize	VERB
emaj-162	99	21	functional	functional	ADJ
emaj-162	99	22	integration	integration	NOUN
emaj-162	99	23	and	and	CCONJ
emaj-162	99	24	ensuring	ensure	VERB
emaj-162	99	25	that	that	SCONJ
emaj-162	99	26	all	all	DET
emaj-162	99	27	resources	resource	NOUN
emaj-162	99	28	are	be	AUX
emaj-162	99	29	channeled	channel	VERB
emaj-162	99	30	only	only	ADV
emaj-162	99	31	towards	towards	ADP
emaj-162	99	32	the	the	DET
emaj-162	99	33	creation	creation	NOUN
emaj-162	99	34	of	of	ADP
emaj-162	99	35	value	value	NOUN
emaj-162	99	36	and	and	CCONJ
emaj-162	99	37	not	not	PART
emaj-162	99	38	destroying	destroy	VERB
emaj-162	99	39	it	it	PRON
emaj-162	99	40	(	(	PUNCT
emaj-162	99	41	cyree	cyree	NOUN
emaj-162	99	42	,	,	PUNCT
emaj-162	99	43	2010	2010	NUM
emaj-162	99	44	)	)	PUNCT
emaj-162	99	45	.	.	PUNCT
emaj-162	100	1	in	in	ADP
emaj-162	100	2	like	like	ADP
emaj-162	100	3	manner	manner	NOUN
emaj-162	100	4	,	,	PUNCT
emaj-162	100	5	to	to	PART
emaj-162	100	6	maintain	maintain	VERB
emaj-162	100	7	a	a	DET
emaj-162	100	8	seamless	seamless	ADJ
emaj-162	100	9	operation	operation	NOUN
emaj-162	100	10	and	and	CCONJ
emaj-162	100	11	ensure	ensure	VERB
emaj-162	100	12	fast	fast	ADJ
emaj-162	100	13	realizations	realization	NOUN
emaj-162	100	14	of	of	ADP
emaj-162	100	15	synergistic	synergistic	ADJ
emaj-162	100	16	values	value	NOUN
emaj-162	100	17	,	,	PUNCT
emaj-162	100	18	there	there	PRON
emaj-162	100	19	should	should	AUX
emaj-162	100	20	be	be	AUX
emaj-162	100	21	a	a	DET
emaj-162	100	22	sound	sound	ADJ
emaj-162	100	23	post	post	ADJ
emaj-162	100	24	-	-	ADJ
emaj-162	100	25	merger	merger	ADJ
emaj-162	100	26	integration	integration	NOUN
emaj-162	100	27	.	.	PUNCT
emaj-162	101	1	auster	auster	NOUN
emaj-162	101	2	and	and	CCONJ
emaj-162	101	3	sirower	sirower	NOUN
emaj-162	101	4	(	(	PUNCT
emaj-162	101	5	2002	2002	NUM
emaj-162	101	6	)	)	PUNCT
emaj-162	101	7	described	describe	VERB
emaj-162	101	8	integration	integration	NOUN
emaj-162	101	9	as	as	ADP
emaj-162	101	10	a	a	DET
emaj-162	101	11	group	group	NOUN
emaj-162	101	12	of	of	ADP
emaj-162	101	13	activities	activity	NOUN
emaj-162	101	14	designed	design	VERB
emaj-162	101	15	to	to	PART
emaj-162	101	16	maximize	maximize	VERB
emaj-162	101	17	the	the	DET
emaj-162	101	18	strategic	strategic	ADJ
emaj-162	101	19	and	and	CCONJ
emaj-162	101	20	organizational	organizational	ADJ
emaj-162	101	21	fit	fit	NOUN
emaj-162	101	22	.	.	PUNCT
emaj-162	102	1	it	it	PRON
emaj-162	102	2	starts	start	VERB
emaj-162	102	3	with	with	ADP
emaj-162	102	4	the	the	DET
emaj-162	102	5	merger	merger	NOUN
emaj-162	102	6	deal	deal	NOUN
emaj-162	102	7	and	and	CCONJ
emaj-162	102	8	ends	end	VERB
emaj-162	102	9	when	when	SCONJ
emaj-162	102	10	all	all	DET
emaj-162	102	11	the	the	DET
emaj-162	102	12	conscious	conscious	ADJ
emaj-162	102	13	efforts	effort	NOUN
emaj-162	102	14	directed	direct	VERB
emaj-162	102	15	to	to	ADP
emaj-162	102	16	achieving	achieve	VERB
emaj-162	102	17	the	the	DET
emaj-162	102	18	optimum	optimum	ADJ
emaj-162	102	19	fit	fit	NOUN
emaj-162	102	20	have	have	AUX
emaj-162	102	21	stopped	stop	VERB
emaj-162	102	22	having	have	VERB
emaj-162	102	23	an	an	DET
emaj-162	102	24	effect	effect	NOUN
emaj-162	102	25	on	on	ADP
emaj-162	102	26	the	the	DET
emaj-162	102	27	new	new	ADJ
emaj-162	102	28	entity	entity	NOUN
emaj-162	102	29	.	.	PUNCT
emaj-162	103	1	this	this	DET
emaj-162	103	2	integration	integration	NOUN
emaj-162	103	3	carefully	carefully	ADV
emaj-162	103	4	blends	blend	VERB
emaj-162	103	5	the	the	DET
emaj-162	103	6	processes	process	NOUN
emaj-162	103	7	including	include	VERB
emaj-162	103	8	the	the	DET
emaj-162	103	9	management	management	NOUN
emaj-162	103	10	of	of	ADP
emaj-162	103	11	resources	resource	NOUN
emaj-162	103	12	,	,	PUNCT
emaj-162	103	13	technical	technical	ADJ
emaj-162	103	14	operations	operation	NOUN
emaj-162	103	15	and	and	CCONJ
emaj-162	103	16	customer	customer	NOUN
emaj-162	103	17	relationships	relationship	NOUN
emaj-162	103	18	.	.	PUNCT
emaj-162	104	1	a	a	DET
emaj-162	104	2	successful	successful	ADJ
emaj-162	104	3	integration	integration	NOUN
emaj-162	104	4	is	be	AUX
emaj-162	104	5	achieved	achieve	VERB
emaj-162	104	6	when	when	SCONJ
emaj-162	104	7	all	all	DET
emaj-162	104	8	the	the	DET
emaj-162	104	9	different	different	ADJ
emaj-162	104	10	parts	part	NOUN
emaj-162	104	11	of	of	ADP
emaj-162	104	12	an	an	DET
emaj-162	104	13	organization	organization	NOUN
emaj-162	104	14	have	have	VERB
emaj-162	104	15	the	the	DET
emaj-162	104	16	knowledge	knowledge	NOUN
emaj-162	104	17	,	,	PUNCT
emaj-162	104	18	resources	resource	NOUN
emaj-162	104	19	and	and	CCONJ
emaj-162	104	20	commitment	commitment	NOUN
emaj-162	104	21	to	to	PART
emaj-162	104	22	move	move	VERB
emaj-162	104	23	forward	forward	ADV
emaj-162	104	24	without	without	ADP
emaj-162	104	25	destroying	destroy	VERB
emaj-162	104	26	values	value	NOUN
emaj-162	104	27	in	in	ADP
emaj-162	104	28	the	the	DET
emaj-162	104	29	process	process	NOUN
emaj-162	104	30	(	(	PUNCT
emaj-162	104	31	epstein	epstein	NOUN
emaj-162	104	32	,	,	PUNCT
emaj-162	104	33	2005	2005	NUM
emaj-162	104	34	)	)	PUNCT
emaj-162	104	35	.	.	PUNCT
emaj-162	105	1	during	during	ADP
emaj-162	105	2	this	this	DET
emaj-162	105	3	phase	phase	NOUN
emaj-162	105	4	,	,	PUNCT
emaj-162	105	5	the	the	DET
emaj-162	105	6	management	management	NOUN
emaj-162	105	7	faces	face	VERB
emaj-162	105	8	enormous	enormous	ADJ
emaj-162	105	9	challenges	challenge	NOUN
emaj-162	105	10	which	which	PRON
emaj-162	105	11	range	range	VERB
emaj-162	105	12	from	from	ADP
emaj-162	105	13	steering	steering	NOUN
emaj-162	105	14	reconfiguration	reconfiguration	NOUN
emaj-162	105	15	,	,	PUNCT
emaj-162	105	16	achieving	achieve	VERB
emaj-162	105	17	strategic	strategic	ADJ
emaj-162	105	18	objectives	objective	NOUN
emaj-162	105	19	,	,	PUNCT
emaj-162	105	20	synchronizing	synchronize	VERB
emaj-162	105	21	activities	activity	NOUN
emaj-162	105	22	,	,	PUNCT
emaj-162	105	23	streamlining	streamline	VERB
emaj-162	105	24	processes	process	NOUN
emaj-162	105	25	to	to	ADP
emaj-162	105	26	sustaining	sustain	VERB
emaj-162	105	27	customer	customer	NOUN
emaj-162	105	28	satisfaction	satisfaction	NOUN
emaj-162	105	29	(	(	PUNCT
emaj-162	105	30	schneider	schneider	NOUN
emaj-162	105	31	,	,	PUNCT
emaj-162	105	32	2003	2003	NUM
emaj-162	105	33	)	)	PUNCT
emaj-162	105	34	.	.	PUNCT
emaj-162	106	1	to	to	PART
emaj-162	106	2	achieve	achieve	VERB
emaj-162	106	3	a	a	DET
emaj-162	106	4	successful	successful	ADJ
emaj-162	106	5	integration	integration	NOUN
emaj-162	106	6	,	,	PUNCT
emaj-162	106	7	adequate	adequate	ADJ
emaj-162	106	8	attention	attention	NOUN
emaj-162	106	9	must	must	AUX
emaj-162	106	10	be	be	AUX
emaj-162	106	11	paid	pay	VERB
emaj-162	106	12	to	to	ADP
emaj-162	106	13	both	both	PRON
emaj-162	106	14	cost	cost	NOUN
emaj-162	106	15	reduction	reduction	NOUN
emaj-162	106	16	and	and	CCONJ
emaj-162	106	17	revenue	revenue	NOUN
emaj-162	106	18	growth	growth	NOUN
emaj-162	106	19	synergies	synergy	NOUN
emaj-162	106	20	and	and	CCONJ
emaj-162	106	21	progress	progress	VERB
emaj-162	106	22	measure	measure	NOUN
emaj-162	106	23	in	in	ADP
emaj-162	106	24	terms	term	NOUN
emaj-162	106	25	of	of	ADP
emaj-162	106	26	financial	financial	ADJ
emaj-162	106	27	and	and	CCONJ
emaj-162	106	28	non	non	ADJ
emaj-162	106	29	-	-	ADJ
emaj-162	106	30	financial	financial	ADJ
emaj-162	106	31	indicators	indicator	NOUN
emaj-162	106	32	.	.	PUNCT
emaj-162	107	1	bernard	bernard	PROPN
emaj-162	107	2	et	et	PROPN
emaj-162	107	3	al	al	PROPN
emaj-162	107	4	(	(	PUNCT
emaj-162	107	5	2010	2010	NUM
emaj-162	107	6	)	)	PUNCT
emaj-162	107	7	underlined	underline	VERB
emaj-162	107	8	the	the	DET
emaj-162	107	9	fact	fact	NOUN
emaj-162	107	10	that	that	SCONJ
emaj-162	107	11	,	,	PUNCT
emaj-162	107	12	the	the	DET
emaj-162	107	13	structure	structure	NOUN
emaj-162	107	14	of	of	ADP
emaj-162	107	15	postmerger	postmerger	NOUN
emaj-162	107	16	integration	integration	NOUN
emaj-162	107	17	should	should	AUX
emaj-162	107	18	be	be	AUX
emaj-162	107	19	designed	design	VERB
emaj-162	107	20	and	and	CCONJ
emaj-162	107	21	managed	manage	VERB
emaj-162	107	22	at	at	ADP
emaj-162	107	23	the	the	DET
emaj-162	107	24	strategic	strategic	ADJ
emaj-162	107	25	level	level	NOUN
emaj-162	107	26	and	and	CCONJ
emaj-162	107	27	be	be	AUX
emaj-162	107	28	critical	critical	ADJ
emaj-162	107	29	for	for	ADP
emaj-162	107	30	explaining	explain	VERB
emaj-162	107	31	performance	performance	NOUN
emaj-162	107	32	differences	difference	NOUN
emaj-162	107	33	between	between	ADP
emaj-162	107	34	resulting	result	VERB
emaj-162	107	35	firms	firm	NOUN
emaj-162	107	36	.	.	PUNCT
emaj-162	108	1	nevertheless	nevertheless	ADV
emaj-162	108	2	,	,	PUNCT
emaj-162	108	3	in	in	ADP
emaj-162	108	4	pursuit	pursuit	NOUN
emaj-162	108	5	of	of	ADP
emaj-162	108	6	perfect	perfect	ADJ
emaj-162	108	7	integration	integration	NOUN
emaj-162	108	8	,	,	PUNCT
emaj-162	108	9	the	the	DET
emaj-162	108	10	focus	focus	NOUN
emaj-162	108	11	should	should	AUX
emaj-162	108	12	be	be	AUX
emaj-162	108	13	on	on	ADP
emaj-162	108	14	clients	client	NOUN
emaj-162	108	15	to	to	PART
emaj-162	108	16	avoid	avoid	VERB
emaj-162	108	17	loss	loss	NOUN
emaj-162	108	18	of	of	ADP
emaj-162	108	19	business	business	NOUN
emaj-162	108	20	to	to	ADP
emaj-162	108	21	competitors	competitor	NOUN
emaj-162	108	22	and	and	CCONJ
emaj-162	108	23	the	the	DET
emaj-162	108	24	employees	employee	NOUN
emaj-162	108	25	should	should	AUX
emaj-162	108	26	be	be	AUX
emaj-162	108	27	encouraged	encourage	VERB
emaj-162	108	28	to	to	PART
emaj-162	108	29	see	see	VERB
emaj-162	108	30	the	the	DET
emaj-162	108	31	merger	merger	NOUN
emaj-162	108	32	as	as	ADP
emaj-162	108	33	a	a	DET
emaj-162	108	34	vehicle	vehicle	NOUN
emaj-162	108	35	for	for	ADP
emaj-162	108	36	business	business	NOUN
emaj-162	108	37	growth	growth	NOUN
emaj-162	108	38	to	to	PART
emaj-162	108	39	minimize	minimize	VERB
emaj-162	108	40	resistance	resistance	NOUN
emaj-162	108	41	(	(	PUNCT
emaj-162	108	42	maire	maire	NOUN
emaj-162	108	43	and	and	CCONJ
emaj-162	108	44	collerette	collerette	NOUN
emaj-162	108	45	,	,	PUNCT
emaj-162	108	46	2011	2011	NUM
emaj-162	108	47	)	)	PUNCT
emaj-162	108	48	.	.	PUNCT
emaj-162	109	1	moreover	moreover	ADV
emaj-162	109	2	,	,	PUNCT
emaj-162	109	3	chanmugan	chanmugan	VERB
emaj-162	109	4	et	et	PROPN
emaj-162	109	5	al	al	PROPN
emaj-162	109	6	(	(	PUNCT
emaj-162	109	7	2005	2005	NUM
emaj-162	109	8	)	)	PUNCT
emaj-162	109	9	argue	argue	VERB
emaj-162	109	10	that	that	SCONJ
emaj-162	109	11	,	,	PUNCT
emaj-162	109	12	postmerger	postmerger	NOUN
emaj-162	109	13	integration	integration	NOUN
emaj-162	109	14	should	should	AUX
emaj-162	109	15	be	be	AUX
emaj-162	109	16	about	about	ADP
emaj-162	109	17	value	value	NOUN
emaj-162	109	18	creation	creation	NOUN
emaj-162	109	19	and	and	CCONJ
emaj-162	109	20	activities	activity	NOUN
emaj-162	109	21	prioritized	prioritize	VERB
emaj-162	109	22	according	accord	VERB
emaj-162	109	23	to	to	ADP
emaj-162	109	24	the	the	DET
emaj-162	109	25	value	value	NOUN
emaj-162	109	26	they	they	PRON
emaj-162	109	27	create	create	VERB
emaj-162	109	28	.	.	PUNCT
emaj-162	110	1	a	a	DET
emaj-162	110	2	study	study	NOUN
emaj-162	110	3	by	by	ADP
emaj-162	110	4	jemison	jemison	PROPN
emaj-162	110	5	and	and	CCONJ
emaj-162	110	6	sitkin	sitkin	PROPN
emaj-162	110	7	(	(	PUNCT
emaj-162	110	8	1986	1986	NUM
emaj-162	110	9	)	)	PUNCT
emaj-162	110	10	that	that	PRON
emaj-162	110	11	analyzed	analyze	VERB
emaj-162	110	12	253	253	NUM
emaj-162	110	13	mergers	merger	NOUN
emaj-162	110	14	and	and	CCONJ
emaj-162	110	15	acquisitions	acquisition	NOUN
emaj-162	110	16	in	in	ADP
emaj-162	110	17	europe	europe	PROPN
emaj-162	110	18	and	and	CCONJ
emaj-162	110	19	america	america	PROPN
emaj-162	110	20	showed	show	VERB
emaj-162	110	21	that	that	SCONJ
emaj-162	110	22	,	,	PUNCT
emaj-162	110	23	a	a	DET
emaj-162	110	24	successful	successful	ADJ
emaj-162	110	25	integration	integration	NOUN
emaj-162	110	26	was	be	AUX
emaj-162	110	27	responsible	responsible	ADJ
emaj-162	110	28	for	for	ADP
emaj-162	110	29	improved	improved	ADJ
emaj-162	110	30	capabilities	capability	NOUN
emaj-162	110	31	in	in	ADP
emaj-162	110	32	majority	majority	NOUN
emaj-162	110	33	of	of	ADP
emaj-162	110	34	the	the	DET
emaj-162	110	35	cases	case	NOUN
emaj-162	110	36	.	.	PUNCT
emaj-162	111	1	likewise	likewise	ADV
emaj-162	111	2	,	,	PUNCT
emaj-162	111	3	in	in	ADP
emaj-162	111	4	a	a	DET
emaj-162	111	5	study	study	NOUN
emaj-162	111	6	conducted	conduct	VERB
emaj-162	111	7	on	on	ADP
emaj-162	111	8	350	350	NUM
emaj-162	111	9	mergers	merger	NOUN
emaj-162	111	10	by	by	ADP
emaj-162	111	11	chanmugan	chanmugan	NOUN
emaj-162	111	12	et	et	PROPN
emaj-162	111	13	al	al	PROPN
emaj-162	111	14	(	(	PUNCT
emaj-162	111	15	2005	2005	NUM
emaj-162	111	16	)	)	PUNCT
emaj-162	111	17	,	,	PUNCT
emaj-162	111	18	they	they	PRON
emaj-162	111	19	claimed	claim	VERB
emaj-162	111	20	that	that	SCONJ
emaj-162	111	21	the	the	DET
emaj-162	111	22	most	most	ADV
emaj-162	111	23	successful	successful	ADJ
emaj-162	111	24	mergers	merger	NOUN
emaj-162	111	25	and	and	CCONJ
emaj-162	111	26	acquisition	acquisition	NOUN
emaj-162	111	27	were	be	AUX
emaj-162	111	28	characterized	characterize	VERB
emaj-162	111	29	by	by	ADP
emaj-162	111	30	the	the	DET
emaj-162	111	31	superior	superior	ADJ
emaj-162	111	32	execution	execution	NOUN
emaj-162	111	33	of	of	ADP
emaj-162	111	34	an	an	DET
emaj-162	111	35	explicit	explicit	ADJ
emaj-162	111	36	value	value	NOUN
emaj-162	111	37	-	-	PUNCT
emaj-162	111	38	capture	capture	NOUN
emaj-162	111	39	strategy	strategy	NOUN
emaj-162	111	40	and	and	CCONJ
emaj-162	111	41	a	a	DET
emaj-162	111	42	determination	determination	NOUN
emaj-162	111	43	by	by	ADP
emaj-162	111	44	management	management	NOUN
emaj-162	111	45	and	and	CCONJ
emaj-162	111	46	staff	staff	NOUN
emaj-162	111	47	to	to	PART
emaj-162	111	48	pursue	pursue	VERB
emaj-162	111	49	the	the	DET
emaj-162	111	50	set	set	ADJ
emaj-162	111	51	goals	goal	NOUN
emaj-162	111	52	from	from	ADP
emaj-162	111	53	formation	formation	NOUN
emaj-162	111	54	to	to	ADP
emaj-162	111	55	implementation	implementation	NOUN
emaj-162	111	56	.	.	PUNCT
emaj-162	112	1	still	still	ADV
emaj-162	112	2	on	on	ADV
emaj-162	112	3	,	,	PUNCT
emaj-162	112	4	gadiesh	gadiesh	NOUN
emaj-162	112	5	et	et	PROPN
emaj-162	112	6	al	al	PROPN
emaj-162	112	7	(	(	PUNCT
emaj-162	112	8	2003	2003	NUM
emaj-162	112	9	)	)	PUNCT
emaj-162	112	10	argued	argue	VERB
emaj-162	112	11	that	that	SCONJ
emaj-162	112	12	,	,	PUNCT
emaj-162	112	13	explanations	explanation	NOUN
emaj-162	112	14	regarding	regard	VERB
emaj-162	112	15	why	why	SCONJ
emaj-162	112	16	numerous	numerous	ADJ
emaj-162	112	17	mergers	merger	NOUN
emaj-162	112	18	fail	fail	VERB
emaj-162	112	19	to	to	PART
emaj-162	112	20	deliver	deliver	VERB
emaj-162	112	21	on	on	ADP
emaj-162	112	22	their	their	PRON
emaj-162	112	23	promises	promise	NOUN
emaj-162	112	24	relate	relate	VERB
emaj-162	112	25	partly	partly	ADV
emaj-162	112	26	to	to	ADP
emaj-162	112	27	the	the	DET
emaj-162	112	28	way	way	NOUN
emaj-162	112	29	the	the	DET
emaj-162	112	30	post	post	ADJ
emaj-162	112	31	-	-	ADJ
emaj-162	112	32	merger	merger	ADJ
emaj-162	112	33	period	period	NOUN
emaj-162	112	34	and	and	CCONJ
emaj-162	112	35	related	relate	VERB
emaj-162	112	36	internal	internal	ADJ
emaj-162	112	37	issues	issue	NOUN
emaj-162	112	38	were	be	AUX
emaj-162	112	39	resolved	resolve	VERB
emaj-162	112	40	and	and	CCONJ
emaj-162	112	41	partly	partly	ADV
emaj-162	112	42	to	to	PART
emaj-162	112	43	inappropriate	inappropriate	VERB
emaj-162	112	44	business	business	NOUN
emaj-162	112	45	decisions	decision	NOUN
emaj-162	112	46	.	.	PUNCT
emaj-162	113	1	bernard	bernard	PROPN
emaj-162	113	2	et	et	PROPN
emaj-162	113	3	al	al	PROPN
emaj-162	113	4	(	(	PUNCT
emaj-162	113	5	2010	2010	NUM
emaj-162	113	6	)	)	PUNCT
emaj-162	113	7	concluded	conclude	VERB
emaj-162	113	8	that	that	SCONJ
emaj-162	113	9	,	,	PUNCT
emaj-162	113	10	a	a	DET
emaj-162	113	11	proper	proper	ADJ
emaj-162	113	12	management	management	NOUN
emaj-162	113	13	of	of	ADP
emaj-162	113	14	the	the	DET
emaj-162	113	15	integration	integration	NOUN
emaj-162	113	16	process	process	NOUN
emaj-162	113	17	has	have	VERB
emaj-162	113	18	clear	clear	ADJ
emaj-162	113	19	positive	positive	ADJ
emaj-162	113	20	effects	effect	NOUN
emaj-162	113	21	on	on	ADP
emaj-162	113	22	the	the	DET
emaj-162	113	23	success	success	NOUN
emaj-162	113	24	of	of	ADP
emaj-162	113	25	mergers	merger	NOUN
emaj-162	113	26	and	and	CCONJ
emaj-162	113	27	acquisition	acquisition	NOUN
emaj-162	113	28	.	.	PUNCT
emaj-162	114	1	empirical	empirical	ADJ
emaj-162	114	2	research	research	NOUN
emaj-162	114	3	on	on	ADP
emaj-162	114	4	the	the	DET
emaj-162	114	5	impact	impact	NOUN
emaj-162	114	6	of	of	ADP
emaj-162	114	7	mergers	merger	NOUN
emaj-162	114	8	on	on	ADP
emaj-162	114	9	performance	performance	NOUN
emaj-162	114	10	of	of	ADP
emaj-162	114	11	companies	company	NOUN
emaj-162	114	12	has	have	AUX
emaj-162	114	13	been	be	AUX
emaj-162	114	14	dominated	dominate	VERB
emaj-162	114	15	by	by	ADP
emaj-162	114	16	the	the	DET
emaj-162	114	17	use	use	NOUN
emaj-162	114	18	of	of	ADP
emaj-162	114	19	event	event	NOUN
emaj-162	114	20	study	study	NOUN
emaj-162	114	21	methodology	methodology	NOUN
emaj-162	114	22	(	(	PUNCT
emaj-162	114	23	focarelli	focarelli	NOUN
emaj-162	114	24	et	et	PROPN
emaj-162	114	25	al	al	PROPN
emaj-162	114	26	,	,	PUNCT
emaj-162	114	27	2002	2002	NUM
emaj-162	114	28	;	;	PUNCT
emaj-162	114	29	huyghebaert	huyghebaert	NOUN
emaj-162	114	30	and	and	CCONJ
emaj-162	114	31	luypaert	luypaert	NOUN
emaj-162	114	32	,	,	PUNCT
emaj-162	114	33	2010	2010	NUM
emaj-162	114	34	)	)	PUNCT
emaj-162	114	35	.	.	PUNCT
emaj-162	115	1	the	the	DET
emaj-162	115	2	wide	wide	ADJ
emaj-162	115	3	adoption	adoption	NOUN
emaj-162	115	4	of	of	ADP
emaj-162	115	5	this	this	DET
emaj-162	115	6	method	method	NOUN
emaj-162	115	7	is	be	AUX
emaj-162	115	8	hinged	hinge	VERB
emaj-162	115	9	on	on	ADP
emaj-162	115	10	the	the	DET
emaj-162	115	11	argument	argument	NOUN
emaj-162	115	12	by	by	ADP
emaj-162	115	13	finance	finance	NOUN
emaj-162	115	14	scholars	scholar	NOUN
emaj-162	115	15	that	that	SCONJ
emaj-162	115	16	financial	financial	ADJ
emaj-162	115	17	markets	market	NOUN
emaj-162	115	18	are	be	AUX
emaj-162	115	19	able	able	ADJ
emaj-162	115	20	to	to	PART
emaj-162	115	21	offer	offer	VERB
emaj-162	115	22	a	a	DET
emaj-162	115	23	correct	correct	ADJ
emaj-162	115	24	valuation	valuation	NOUN
emaj-162	115	25	of	of	ADP
emaj-162	115	26	the	the	DET
emaj-162	115	27	expected	expect	VERB
emaj-162	115	28	returns	return	NOUN
emaj-162	115	29	coming	come	VERB
emaj-162	115	30	from	from	ADP
emaj-162	115	31	any	any	DET
emaj-162	115	32	share	share	NOUN
emaj-162	115	33	traded	trade	VERB
emaj-162	115	34	on	on	ADP
emaj-162	115	35	the	the	DET
emaj-162	115	36	stock	stock	NOUN
emaj-162	115	37	exchange	exchange	NOUN
emaj-162	115	38	(	(	PUNCT
emaj-162	115	39	bernard	bernard	PROPN
emaj-162	115	40	et	et	PROPN
emaj-162	115	41	al	al	PROPN
emaj-162	115	42	,	,	PUNCT
emaj-162	115	43	2010	2010	NUM
emaj-162	115	44	)	)	PUNCT
emaj-162	115	45	.	.	PUNCT
emaj-162	116	1	this	this	DET
emaj-162	116	2	volume	volume	NOUN
emaj-162	116	3	9	9	NUM
emaj-162	116	4	no	no	DET
emaj-162	116	5	1	1	NUM
emaj-162	116	6	(	(	PUNCT
emaj-162	116	7	2019	2019	NUM
emaj-162	116	8	)	)	PUNCT
emaj-162	116	9	|	|	ADV
emaj-162	116	10	issn	issn	VERB
emaj-162	116	11	2158	2158	NUM
emaj-162	116	12	-	-	SYM
emaj-162	116	13	8708	8708	NUM
emaj-162	116	14	(	(	PUNCT
emaj-162	116	15	online	online	NOUN
emaj-162	116	16	)	)	PUNCT
emaj-162	116	17	|	|	ADV
emaj-162	116	18	doi	doi	X
emaj-162	116	19	10.5195	10.5195	NUM
emaj-162	116	20	/	/	SYM
emaj-162	116	21	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	117	1	|	|	ADV
emaj-162	117	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-162	117	3	tarila	tarila	NOUN
emaj-162	117	4	boloupremo	boloupremo	NOUN
emaj-162	117	5	,	,	PUNCT
emaj-162	117	6	samson	samson	PROPN
emaj-162	117	7	ogege	ogege	NOUN
emaj-162	117	8	emerging	emerge	VERB
emaj-162	117	9	markets	market	NOUN
emaj-162	117	10	journal	journal	NOUN
emaj-162	118	1	|	|	ADV
emaj-162	118	2	p	p	NOUN
emaj-162	118	3	a	a	DET
emaj-162	118	4	g	g	NOUN
emaj-162	118	5	e	e	NOUN
emaj-162	118	6	3	3	NUM
emaj-162	118	7	9	9	NUM
emaj-162	118	8	method	method	NOUN
emaj-162	118	9	assesses	assess	VERB
emaj-162	118	10	the	the	DET
emaj-162	118	11	impact	impact	NOUN
emaj-162	118	12	of	of	ADP
emaj-162	118	13	the	the	DET
emaj-162	118	14	announcement	announcement	NOUN
emaj-162	118	15	of	of	ADP
emaj-162	118	16	the	the	DET
emaj-162	118	17	merger	merger	NOUN
emaj-162	118	18	on	on	ADP
emaj-162	118	19	the	the	DET
emaj-162	118	20	abnormal	abnormal	ADJ
emaj-162	118	21	returns	return	NOUN
emaj-162	118	22	of	of	ADP
emaj-162	118	23	the	the	DET
emaj-162	118	24	bidder	bidder	NOUN
emaj-162	118	25	and	and	CCONJ
emaj-162	118	26	target	target	NOUN
emaj-162	118	27	firms	firm	NOUN
emaj-162	118	28	around	around	ADP
emaj-162	118	29	the	the	DET
emaj-162	118	30	period	period	NOUN
emaj-162	118	31	.	.	PUNCT
emaj-162	119	1	a	a	DET
emaj-162	119	2	positive	positive	ADJ
emaj-162	119	3	value	value	NOUN
emaj-162	119	4	in	in	ADP
emaj-162	119	5	the	the	DET
emaj-162	119	6	difference	difference	NOUN
emaj-162	119	7	of	of	ADP
emaj-162	119	8	the	the	DET
emaj-162	119	9	measures	measure	NOUN
emaj-162	119	10	is	be	AUX
emaj-162	119	11	interpreted	interpret	VERB
emaj-162	119	12	to	to	PART
emaj-162	119	13	mean	mean	VERB
emaj-162	119	14	a	a	DET
emaj-162	119	15	successful	successful	ADJ
emaj-162	119	16	value	value	NOUN
emaj-162	119	17	creation	creation	NOUN
emaj-162	119	18	.	.	PUNCT
emaj-162	120	1	while	while	SCONJ
emaj-162	120	2	this	this	DET
emaj-162	120	3	method	method	NOUN
emaj-162	120	4	is	be	AUX
emaj-162	120	5	popular	popular	ADJ
emaj-162	120	6	and	and	CCONJ
emaj-162	120	7	well	well	ADV
emaj-162	120	8	grounded	ground	VERB
emaj-162	120	9	,	,	PUNCT
emaj-162	120	10	it	it	PRON
emaj-162	120	11	is	be	AUX
emaj-162	120	12	faulted	fault	VERB
emaj-162	120	13	on	on	ADP
emaj-162	120	14	a	a	DET
emaj-162	120	15	number	number	NOUN
emaj-162	120	16	of	of	ADP
emaj-162	120	17	grounds	ground	NOUN
emaj-162	120	18	.	.	PUNCT
emaj-162	121	1	it	it	PRON
emaj-162	121	2	depends	depend	VERB
emaj-162	121	3	on	on	ADP
emaj-162	121	4	an	an	DET
emaj-162	121	5	assumption	assumption	NOUN
emaj-162	121	6	of	of	ADP
emaj-162	121	7	perfect	perfect	ADJ
emaj-162	121	8	foresight	foresight	NOUN
emaj-162	121	9	that	that	PRON
emaj-162	121	10	is	be	AUX
emaj-162	121	11	at	at	ADP
emaj-162	121	12	odds	odd	NOUN
emaj-162	121	13	with	with	ADP
emaj-162	121	14	the	the	DET
emaj-162	121	15	perception	perception	NOUN
emaj-162	121	16	of	of	ADP
emaj-162	121	17	the	the	DET
emaj-162	121	18	integration	integration	NOUN
emaj-162	121	19	process	process	NOUN
emaj-162	121	20	(	(	PUNCT
emaj-162	121	21	ibid	ibid	NOUN
emaj-162	121	22	.	.	PUNCT
emaj-162	121	23	)	)	PUNCT
emaj-162	121	24	.	.	PUNCT
emaj-162	122	1	an	an	DET
emaj-162	122	2	illustrative	illustrative	ADJ
emaj-162	122	3	example	example	NOUN
emaj-162	122	4	is	be	AUX
emaj-162	122	5	the	the	DET
emaj-162	122	6	failed	fail	VERB
emaj-162	122	7	acquisition	acquisition	NOUN
emaj-162	122	8	bid	bid	NOUN
emaj-162	122	9	of	of	ADP
emaj-162	122	10	aer	aer	PROPN
emaj-162	122	11	lingus	lingus	PROPN
emaj-162	122	12	by	by	ADP
emaj-162	122	13	ryanair	ryanair	PROPN
emaj-162	122	14	.	.	PUNCT
emaj-162	123	1	the	the	DET
emaj-162	123	2	shares	share	NOUN
emaj-162	123	3	of	of	ADP
emaj-162	123	4	both	both	DET
emaj-162	123	5	companies	company	NOUN
emaj-162	123	6	rose	rise	VERB
emaj-162	123	7	during	during	ADP
emaj-162	123	8	the	the	DET
emaj-162	123	9	period	period	NOUN
emaj-162	123	10	of	of	ADP
emaj-162	123	11	resistance	resistance	NOUN
emaj-162	123	12	by	by	ADP
emaj-162	123	13	aer	aer	PROPN
emaj-162	123	14	lingus	lingus	PROPN
emaj-162	123	15	and	and	CCONJ
emaj-162	123	16	hostility	hostility	NOUN
emaj-162	123	17	by	by	ADP
emaj-162	123	18	ryanair	ryanair	PROPN
emaj-162	123	19	and	and	CCONJ
emaj-162	123	20	when	when	SCONJ
emaj-162	123	21	the	the	DET
emaj-162	123	22	government	government	NOUN
emaj-162	123	23	intervened	intervene	VERB
emaj-162	123	24	and	and	CCONJ
emaj-162	123	25	vetoed	veto	VERB
emaj-162	123	26	the	the	DET
emaj-162	123	27	takeover	takeover	NOUN
emaj-162	123	28	,	,	PUNCT
emaj-162	123	29	the	the	DET
emaj-162	123	30	shares	share	NOUN
emaj-162	123	31	of	of	ADP
emaj-162	123	32	both	both	DET
emaj-162	123	33	companies	company	NOUN
emaj-162	123	34	fell	fall	VERB
emaj-162	123	35	.	.	PUNCT
emaj-162	124	1	further	far	ADV
emaj-162	124	2	,	,	PUNCT
emaj-162	124	3	this	this	DET
emaj-162	124	4	research	research	NOUN
emaj-162	124	5	argues	argue	VERB
emaj-162	124	6	that	that	SCONJ
emaj-162	124	7	the	the	DET
emaj-162	124	8	post	post	ADJ
emaj-162	124	9	-	-	ADJ
emaj-162	124	10	integration	integration	NOUN
emaj-162	124	11	process	process	NOUN
emaj-162	124	12	and	and	CCONJ
emaj-162	124	13	the	the	DET
emaj-162	124	14	resolution	resolution	NOUN
emaj-162	124	15	of	of	ADP
emaj-162	124	16	its	its	PRON
emaj-162	124	17	complexities	complexity	NOUN
emaj-162	124	18	is	be	AUX
emaj-162	124	19	an	an	DET
emaj-162	124	20	important	important	ADJ
emaj-162	124	21	factor	factor	NOUN
emaj-162	124	22	in	in	ADP
emaj-162	124	23	the	the	DET
emaj-162	124	24	achievement	achievement	NOUN
emaj-162	124	25	of	of	ADP
emaj-162	124	26	successful	successful	ADJ
emaj-162	124	27	mergers	merger	NOUN
emaj-162	124	28	.	.	PUNCT
emaj-162	125	1	integration	integration	NOUN
emaj-162	125	2	usually	usually	ADV
emaj-162	125	3	takes	take	VERB
emaj-162	125	4	longer	long	ADV
emaj-162	125	5	than	than	ADP
emaj-162	125	6	the	the	DET
emaj-162	125	7	period	period	NOUN
emaj-162	125	8	the	the	DET
emaj-162	125	9	events	event	NOUN
emaj-162	125	10	study	study	NOUN
emaj-162	125	11	(	(	PUNCT
emaj-162	125	12	abnormal	abnormal	ADJ
emaj-162	125	13	loss	loss	NOUN
emaj-162	125	14	)	)	PUNCT
emaj-162	125	15	method	method	NOUN
emaj-162	125	16	values	value	NOUN
emaj-162	125	17	.	.	PUNCT
emaj-162	126	1	this	this	DET
emaj-162	126	2	point	point	NOUN
emaj-162	126	3	underscores	underscore	VERB
emaj-162	126	4	the	the	DET
emaj-162	126	5	importance	importance	NOUN
emaj-162	126	6	of	of	ADP
emaj-162	126	7	a	a	DET
emaj-162	126	8	longitudinal	longitudinal	ADJ
emaj-162	126	9	approach	approach	NOUN
emaj-162	126	10	to	to	ADP
emaj-162	126	11	the	the	DET
emaj-162	126	12	study	study	NOUN
emaj-162	126	13	of	of	ADP
emaj-162	126	14	company	company	NOUN
emaj-162	126	15	performance	performance	NOUN
emaj-162	126	16	,	,	PUNCT
emaj-162	126	17	because	because	SCONJ
emaj-162	126	18	such	such	ADJ
emaj-162	126	19	analyses	analysis	NOUN
emaj-162	126	20	are	be	AUX
emaj-162	126	21	based	base	VERB
emaj-162	126	22	on	on	ADP
emaj-162	126	23	the	the	DET
emaj-162	126	24	actual	actual	ADJ
emaj-162	126	25	reported	report	VERB
emaj-162	126	26	financial	financial	ADJ
emaj-162	126	27	performance	performance	NOUN
emaj-162	126	28	of	of	ADP
emaj-162	126	29	the	the	DET
emaj-162	126	30	company	company	NOUN
emaj-162	126	31	(	(	PUNCT
emaj-162	126	32	olokoyo	olokoyo	PROPN
emaj-162	126	33	and	and	CCONJ
emaj-162	126	34	umoren	umoren	PROPN
emaj-162	126	35	,	,	PUNCT
emaj-162	126	36	2008	2008	NUM
emaj-162	126	37	)	)	PUNCT
emaj-162	126	38	.	.	PUNCT
emaj-162	127	1	nevertheless	nevertheless	ADV
emaj-162	127	2	,	,	PUNCT
emaj-162	127	3	the	the	DET
emaj-162	127	4	principles	principle	NOUN
emaj-162	127	5	identified	identify	VERB
emaj-162	127	6	in	in	ADP
emaj-162	127	7	the	the	DET
emaj-162	127	8	literature	literature	NOUN
emaj-162	127	9	shall	shall	AUX
emaj-162	127	10	be	be	AUX
emaj-162	127	11	adopted	adopt	VERB
emaj-162	127	12	in	in	ADP
emaj-162	127	13	the	the	DET
emaj-162	127	14	conduct	conduct	NOUN
emaj-162	127	15	of	of	ADP
emaj-162	127	16	this	this	DET
emaj-162	127	17	research	research	NOUN
emaj-162	127	18	.	.	PUNCT
emaj-162	128	1	although	although	SCONJ
emaj-162	128	2	the	the	DET
emaj-162	128	3	bulk	bulk	NOUN
emaj-162	128	4	of	of	ADP
emaj-162	128	5	the	the	DET
emaj-162	128	6	studies	study	NOUN
emaj-162	128	7	are	be	AUX
emaj-162	128	8	multi	multi	ADJ
emaj-162	128	9	case	case	NOUN
emaj-162	128	10	studies	study	NOUN
emaj-162	128	11	,	,	PUNCT
emaj-162	128	12	the	the	DET
emaj-162	128	13	opinions	opinion	NOUN
emaj-162	128	14	formed	form	VERB
emaj-162	128	15	and	and	CCONJ
emaj-162	128	16	results	result	NOUN
emaj-162	128	17	generated	generate	VERB
emaj-162	128	18	from	from	ADP
emaj-162	128	19	those	those	DET
emaj-162	128	20	studies	study	NOUN
emaj-162	128	21	shall	shall	AUX
emaj-162	128	22	serve	serve	VERB
emaj-162	128	23	as	as	ADP
emaj-162	128	24	a	a	DET
emaj-162	128	25	guide	guide	NOUN
emaj-162	128	26	in	in	ADP
emaj-162	128	27	the	the	DET
emaj-162	128	28	application	application	NOUN
emaj-162	128	29	of	of	ADP
emaj-162	128	30	the	the	DET
emaj-162	128	31	various	various	ADJ
emaj-162	128	32	identified	identify	VERB
emaj-162	128	33	concepts	concept	NOUN
emaj-162	128	34	and	and	CCONJ
emaj-162	128	35	parameters	parameter	NOUN
emaj-162	128	36	.	.	PUNCT
emaj-162	129	1	iv	iv	X
emaj-162	129	2	.	.	PUNCT
emaj-162	129	3	methodology	methodology	NOUN
emaj-162	129	4	this	this	DET
emaj-162	129	5	study	study	NOUN
emaj-162	129	6	which	which	PRON
emaj-162	129	7	is	be	AUX
emaj-162	129	8	a	a	DET
emaj-162	129	9	longitudinal	longitudinal	ADJ
emaj-162	129	10	and	and	CCONJ
emaj-162	129	11	time	time	NOUN
emaj-162	129	12	series	series	NOUN
emaj-162	129	13	analysis	analysis	NOUN
emaj-162	129	14	of	of	ADP
emaj-162	129	15	the	the	DET
emaj-162	129	16	impact	impact	NOUN
emaj-162	129	17	of	of	ADP
emaj-162	129	18	mergers	merger	NOUN
emaj-162	129	19	and	and	CCONJ
emaj-162	129	20	acquisition	acquisition	NOUN
emaj-162	129	21	on	on	ADP
emaj-162	129	22	the	the	DET
emaj-162	129	23	financial	financial	ADJ
emaj-162	129	24	performance	performance	NOUN
emaj-162	129	25	of	of	ADP
emaj-162	129	26	two	two	NUM
emaj-162	129	27	nigerian	nigerian	ADJ
emaj-162	129	28	banks	bank	NOUN
emaj-162	129	29	,	,	PUNCT
emaj-162	129	30	united	united	PROPN
emaj-162	129	31	bank	bank	PROPN
emaj-162	129	32	for	for	ADP
emaj-162	129	33	africa	africa	PROPN
emaj-162	129	34	(	(	PUNCT
emaj-162	129	35	uba	uba	PROPN
emaj-162	129	36	)	)	PUNCT
emaj-162	129	37	and	and	CCONJ
emaj-162	129	38	standard	standard	PROPN
emaj-162	129	39	trust	trust	PROPN
emaj-162	129	40	bank	bank	PROPN
emaj-162	129	41	(	(	PUNCT
emaj-162	129	42	stb	stb	PROPN
emaj-162	129	43	)	)	PUNCT
emaj-162	129	44	shall	shall	AUX
emaj-162	129	45	examine	examine	VERB
emaj-162	129	46	the	the	DET
emaj-162	129	47	financial	financial	ADJ
emaj-162	129	48	period	period	NOUN
emaj-162	129	49	of	of	ADP
emaj-162	129	50	2000	2000	NUM
emaj-162	129	51	-	-	SYM
emaj-162	129	52	2010	2010	NUM
emaj-162	129	53	consisting	consist	VERB
emaj-162	129	54	5	5	NUM
emaj-162	129	55	year	year	NOUN
emaj-162	129	56	pre	pre	NOUN
emaj-162	129	57	-	-	NOUN
emaj-162	129	58	merger	merger	NOUN
emaj-162	129	59	and	and	CCONJ
emaj-162	129	60	5	5	NUM
emaj-162	129	61	year	year	NOUN
emaj-162	129	62	post	post	ADJ
emaj-162	129	63	-	-	ADJ
emaj-162	129	64	merger	merger	ADJ
emaj-162	129	65	years	year	NOUN
emaj-162	129	66	.	.	PUNCT
emaj-162	130	1	the	the	DET
emaj-162	130	2	methods	method	NOUN
emaj-162	130	3	adopted	adopt	VERB
emaj-162	130	4	follow	follow	VERB
emaj-162	130	5	the	the	DET
emaj-162	130	6	perspectives	perspective	NOUN
emaj-162	130	7	of	of	ADP
emaj-162	130	8	economic	economic	ADJ
emaj-162	130	9	theories	theory	NOUN
emaj-162	130	10	in	in	ADP
emaj-162	130	11	line	line	NOUN
emaj-162	130	12	with	with	ADP
emaj-162	130	13	the	the	DET
emaj-162	130	14	studies	study	NOUN
emaj-162	130	15	of	of	ADP
emaj-162	130	16	altunbas	altunbas	PROPN
emaj-162	130	17	and	and	CCONJ
emaj-162	130	18	ibanez	ibanez	PROPN
emaj-162	130	19	(	(	PUNCT
emaj-162	130	20	2004	2004	NUM
emaj-162	130	21	)	)	PUNCT
emaj-162	130	22	,	,	PUNCT
emaj-162	130	23	and	and	CCONJ
emaj-162	130	24	olokoyo	olokoyo	NOUN
emaj-162	130	25	and	and	CCONJ
emaj-162	130	26	umoren	umoren	PROPN
emaj-162	130	27	(	(	PUNCT
emaj-162	130	28	2007	2007	NUM
emaj-162	130	29	)	)	PUNCT
emaj-162	130	30	.	.	PUNCT
emaj-162	131	1	this	this	DET
emaj-162	131	2	research	research	NOUN
emaj-162	131	3	assumes	assume	VERB
emaj-162	131	4	that	that	SCONJ
emaj-162	131	5	the	the	DET
emaj-162	131	6	financial	financial	ADJ
emaj-162	131	7	data	datum	NOUN
emaj-162	131	8	from	from	ADP
emaj-162	131	9	the	the	DET
emaj-162	131	10	individual	individual	ADJ
emaj-162	131	11	banks	bank	NOUN
emaj-162	131	12	reflect	reflect	VERB
emaj-162	131	13	the	the	DET
emaj-162	131	14	strategic	strategic	ADJ
emaj-162	131	15	profile	profile	NOUN
emaj-162	131	16	of	of	ADP
emaj-162	131	17	merging	merge	VERB
emaj-162	131	18	institutions	institution	NOUN
emaj-162	131	19	and	and	CCONJ
emaj-162	131	20	supports	support	VERB
emaj-162	131	21	the	the	DET
emaj-162	131	22	argument	argument	NOUN
emaj-162	131	23	by	by	ADP
emaj-162	131	24	altunbas	altunbas	PROPN
emaj-162	131	25	and	and	CCONJ
emaj-162	131	26	marques	marques	PROPN
emaj-162	131	27	(	(	PUNCT
emaj-162	131	28	2008	2008	NUM
emaj-162	131	29	)	)	PUNCT
emaj-162	131	30	,	,	PUNCT
emaj-162	131	31	that	that	SCONJ
emaj-162	131	32	mergers	merger	NOUN
emaj-162	131	33	between	between	ADP
emaj-162	131	34	strategically	strategically	ADV
emaj-162	131	35	similar	similar	ADJ
emaj-162	131	36	firms	firm	NOUN
emaj-162	131	37	are	be	AUX
emaj-162	131	38	likely	likely	ADJ
emaj-162	131	39	to	to	PART
emaj-162	131	40	provide	provide	VERB
emaj-162	131	41	greater	great	ADJ
emaj-162	131	42	benefits	benefit	NOUN
emaj-162	131	43	than	than	ADP
emaj-162	131	44	mergers	merger	NOUN
emaj-162	131	45	involving	involve	VERB
emaj-162	131	46	dissimilar	dissimilar	ADJ
emaj-162	131	47	strategies	strategy	NOUN
emaj-162	131	48	.	.	PUNCT
emaj-162	132	1	in	in	ADP
emaj-162	132	2	the	the	DET
emaj-162	132	3	first	first	ADJ
emaj-162	132	4	instance	instance	NOUN
emaj-162	132	5	,	,	PUNCT
emaj-162	132	6	financial	financial	ADJ
emaj-162	132	7	ratios	ratio	NOUN
emaj-162	132	8	shall	shall	AUX
emaj-162	132	9	be	be	AUX
emaj-162	132	10	used	use	VERB
emaj-162	132	11	to	to	PART
emaj-162	132	12	compare	compare	VERB
emaj-162	132	13	the	the	DET
emaj-162	132	14	performance	performance	NOUN
emaj-162	132	15	of	of	ADP
emaj-162	132	16	the	the	DET
emaj-162	132	17	two	two	NUM
emaj-162	132	18	banks	bank	NOUN
emaj-162	132	19	in	in	ADP
emaj-162	132	20	the	the	DET
emaj-162	132	21	ex	ex	NOUN
emaj-162	132	22	-	-	NOUN
emaj-162	132	23	ante	ante	NOUN
emaj-162	132	24	period	period	NOUN
emaj-162	132	25	and	and	CCONJ
emaj-162	132	26	compare	compare	VERB
emaj-162	132	27	these	these	DET
emaj-162	132	28	performance	performance	NOUN
emaj-162	132	29	with	with	ADP
emaj-162	132	30	the	the	DET
emaj-162	132	31	ex	ex	NOUN
emaj-162	132	32	-	-	ADJ
emaj-162	132	33	post	post	ADJ
emaj-162	132	34	period	period	NOUN
emaj-162	132	35	which	which	PRON
emaj-162	132	36	is	be	AUX
emaj-162	132	37	then	then	ADV
emaj-162	132	38	followed	follow	VERB
emaj-162	132	39	by	by	ADP
emaj-162	132	40	a	a	DET
emaj-162	132	41	statistical	statistical	ADJ
emaj-162	132	42	examination	examination	NOUN
emaj-162	132	43	of	of	ADP
emaj-162	132	44	the	the	DET
emaj-162	132	45	impacts	impact	NOUN
emaj-162	132	46	using	use	VERB
emaj-162	132	47	a	a	DET
emaj-162	132	48	linear	linear	ADJ
emaj-162	132	49	regression	regression	NOUN
emaj-162	132	50	model	model	NOUN
emaj-162	132	51	.	.	PUNCT
emaj-162	133	1	the	the	DET
emaj-162	133	2	methods	method	NOUN
emaj-162	133	3	of	of	ADP
emaj-162	133	4	analysis	analysis	NOUN
emaj-162	133	5	to	to	PART
emaj-162	133	6	be	be	AUX
emaj-162	133	7	adopted	adopt	VERB
emaj-162	133	8	in	in	ADP
emaj-162	133	9	this	this	DET
emaj-162	133	10	study	study	NOUN
emaj-162	133	11	are	be	AUX
emaj-162	133	12	defined	define	VERB
emaj-162	133	13	below	below	ADV
emaj-162	133	14	:	:	PUNCT
emaj-162	133	15	return	return	VERB
emaj-162	133	16	on	on	ADP
emaj-162	133	17	equity	equity	NOUN
emaj-162	133	18	this	this	DET
emaj-162	133	19	ratio	ratio	NOUN
emaj-162	133	20	was	be	AUX
emaj-162	133	21	adopted	adopt	VERB
emaj-162	133	22	in	in	ADP
emaj-162	133	23	order	order	NOUN
emaj-162	133	24	to	to	PART
emaj-162	133	25	measure	measure	VERB
emaj-162	133	26	the	the	DET
emaj-162	133	27	value	value	NOUN
emaj-162	133	28	gained	gain	VERB
emaj-162	133	29	by	by	ADP
emaj-162	133	30	shareholders	shareholder	NOUN
emaj-162	133	31	for	for	ADP
emaj-162	133	32	investing	invest	VERB
emaj-162	133	33	in	in	ADP
emaj-162	133	34	the	the	DET
emaj-162	133	35	company	company	NOUN
emaj-162	133	36	.	.	PUNCT
emaj-162	134	1	it	it	PRON
emaj-162	134	2	is	be	AUX
emaj-162	134	3	measured	measure	VERB
emaj-162	134	4	by	by	ADP
emaj-162	134	5	;	;	PUNCT
emaj-162	134	6	roe	roe	PROPN
emaj-162	134	7	=	=	SYM
emaj-162	134	8	pbt	pbt	PROPN
emaj-162	134	9	/	/	SYM
emaj-162	134	10	shareholder	shareholder	NOUN
emaj-162	134	11	assets	asset	NOUN
emaj-162	134	12	return	return	VERB
emaj-162	134	13	on	on	ADP
emaj-162	134	14	capital	capital	NOUN
emaj-162	134	15	employed	employ	VERB
emaj-162	134	16	this	this	DET
emaj-162	134	17	ratio	ratio	NOUN
emaj-162	134	18	was	be	AUX
emaj-162	134	19	embraced	embrace	VERB
emaj-162	134	20	in	in	ADP
emaj-162	134	21	this	this	DET
emaj-162	134	22	research	research	NOUN
emaj-162	134	23	to	to	PART
emaj-162	134	24	measure	measure	VERB
emaj-162	134	25	the	the	DET
emaj-162	134	26	ability	ability	NOUN
emaj-162	134	27	of	of	ADP
emaj-162	134	28	the	the	DET
emaj-162	134	29	banks	bank	NOUN
emaj-162	134	30	to	to	PART
emaj-162	134	31	generate	generate	VERB
emaj-162	134	32	returns	return	NOUN
emaj-162	134	33	from	from	ADP
emaj-162	134	34	its	its	PRON
emaj-162	134	35	capital	capital	NOUN
emaj-162	134	36	.	.	PUNCT
emaj-162	135	1	it	it	PRON
emaj-162	135	2	is	be	AUX
emaj-162	135	3	measured	measure	VERB
emaj-162	135	4	by	by	ADP
emaj-162	135	5	;	;	PUNCT
emaj-162	135	6	roce	roce	NOUN
emaj-162	135	7	=	=	PUNCT
emaj-162	135	8	pbit	pbit	PROPN
emaj-162	135	9	/	/	SYM
emaj-162	135	10	net	net	ADJ
emaj-162	135	11	asset	asset	NOUN
emaj-162	135	12	return	return	NOUN
emaj-162	135	13	on	on	ADP
emaj-162	135	14	asset	asset	NOUN
emaj-162	135	15	this	this	DET
emaj-162	135	16	ratio	ratio	NOUN
emaj-162	135	17	shall	shall	AUX
emaj-162	135	18	be	be	AUX
emaj-162	135	19	used	use	VERB
emaj-162	135	20	to	to	PART
emaj-162	135	21	evaluate	evaluate	VERB
emaj-162	135	22	how	how	SCONJ
emaj-162	135	23	well	well	ADV
emaj-162	135	24	the	the	DET
emaj-162	135	25	management	management	NOUN
emaj-162	135	26	of	of	ADP
emaj-162	135	27	the	the	DET
emaj-162	135	28	banks	bank	NOUN
emaj-162	135	29	is	be	AUX
emaj-162	135	30	employing	employ	VERB
emaj-162	135	31	the	the	DET
emaj-162	135	32	banks	bank	NOUN
emaj-162	135	33	’	’	PART
emaj-162	135	34	assets	asset	NOUN
emaj-162	135	35	to	to	PART
emaj-162	135	36	make	make	VERB
emaj-162	135	37	a	a	DET
emaj-162	135	38	profit	profit	NOUN
emaj-162	135	39	.	.	PUNCT
emaj-162	136	1	it	it	PRON
emaj-162	136	2	is	be	AUX
emaj-162	136	3	measured	measure	VERB
emaj-162	136	4	by	by	ADP
emaj-162	136	5	;	;	PUNCT
emaj-162	136	6	roa	roa	PROPN
emaj-162	136	7	=	=	PROPN
emaj-162	136	8	pat	pat	PROPN
emaj-162	136	9	/	/	SYM
emaj-162	136	10	total	total	ADJ
emaj-162	136	11	asset	asset	NOUN
emaj-162	136	12	liquidity	liquidity	NOUN
emaj-162	136	13	ratio	ratio	NOUN
emaj-162	136	14	this	this	DET
emaj-162	136	15	ratio	ratio	NOUN
emaj-162	136	16	shall	shall	AUX
emaj-162	136	17	measure	measure	VERB
emaj-162	136	18	the	the	DET
emaj-162	136	19	banks	bank	NOUN
emaj-162	136	20	’	’	PART
emaj-162	136	21	ability	ability	NOUN
emaj-162	136	22	to	to	PART
emaj-162	136	23	meet	meet	VERB
emaj-162	136	24	its	its	PRON
emaj-162	136	25	obligations	obligation	NOUN
emaj-162	136	26	as	as	ADP
emaj-162	136	27	and	and	CCONJ
emaj-162	136	28	when	when	SCONJ
emaj-162	136	29	due	due	ADJ
emaj-162	136	30	.	.	PUNCT
emaj-162	137	1	it	it	PRON
emaj-162	137	2	is	be	AUX
emaj-162	137	3	measured	measure	VERB
emaj-162	137	4	by	by	ADP
emaj-162	137	5	;	;	PUNCT
emaj-162	137	6	current	current	ADJ
emaj-162	137	7	ratio	ratio	NOUN
emaj-162	137	8	=	=	SYM
emaj-162	137	9	current	current	ADJ
emaj-162	137	10	assets	asset	NOUN
emaj-162	137	11	/	/	SYM
emaj-162	137	12	current	current	ADJ
emaj-162	137	13	liabilities	liability	NOUN
emaj-162	137	14	these	these	DET
emaj-162	137	15	ratios	ratio	NOUN
emaj-162	137	16	show	show	VERB
emaj-162	137	17	how	how	SCONJ
emaj-162	137	18	well	well	ADV
emaj-162	137	19	the	the	DET
emaj-162	137	20	companies	company	NOUN
emaj-162	137	21	utilized	utilize	VERB
emaj-162	137	22	resources	resource	NOUN
emaj-162	137	23	in	in	ADP
emaj-162	137	24	generating	generate	VERB
emaj-162	137	25	returns	return	NOUN
emaj-162	137	26	and	and	CCONJ
emaj-162	137	27	increasing	increase	VERB
emaj-162	137	28	shareholder	shareholder	NOUN
emaj-162	137	29	value	value	NOUN
emaj-162	137	30	.	.	PUNCT
emaj-162	138	1	the	the	DET
emaj-162	138	2	rationale	rationale	NOUN
emaj-162	138	3	supporting	support	VERB
emaj-162	138	4	the	the	DET
emaj-162	138	5	adoption	adoption	NOUN
emaj-162	138	6	of	of	ADP
emaj-162	138	7	ratio	ratio	NOUN
emaj-162	138	8	analysis	analysis	NOUN
emaj-162	138	9	is	be	AUX
emaj-162	138	10	to	to	PART
emaj-162	138	11	achieve	achieve	VERB
emaj-162	138	12	a	a	DET
emaj-162	138	13	timely	timely	ADJ
emaj-162	138	14	and	and	CCONJ
emaj-162	138	15	concise	concise	ADJ
emaj-162	138	16	description	description	NOUN
emaj-162	138	17	of	of	ADP
emaj-162	138	18	the	the	DET
emaj-162	138	19	performance	performance	NOUN
emaj-162	138	20	of	of	ADP
emaj-162	138	21	the	the	DET
emaj-162	138	22	banks	bank	NOUN
emaj-162	138	23	(	(	PUNCT
emaj-162	138	24	casu	casu	PROPN
emaj-162	138	25	et	et	PROPN
emaj-162	138	26	al	al	PROPN
emaj-162	138	27	,	,	PUNCT
emaj-162	138	28	2006	2006	NUM
emaj-162	138	29	)	)	PUNCT
emaj-162	138	30	and	and	CCONJ
emaj-162	138	31	to	to	PART
emaj-162	138	32	enable	enable	VERB
emaj-162	138	33	a	a	DET
emaj-162	138	34	comparative	comparative	ADJ
emaj-162	138	35	analysis	analysis	NOUN
emaj-162	138	36	of	of	ADP
emaj-162	138	37	uba	uba	PROPN
emaj-162	138	38	and	and	CCONJ
emaj-162	138	39	stb	stb	PROPN
emaj-162	138	40	in	in	ADP
emaj-162	138	41	the	the	DET
emaj-162	138	42	pre	pre	NOUN
emaj-162	138	43	-	-	NOUN
emaj-162	138	44	merger	merger	ADJ
emaj-162	138	45	(	(	PUNCT
emaj-162	138	46	ex	ex	NOUN
emaj-162	138	47	-	-	NOUN
emaj-162	138	48	ante	ante	ADJ
emaj-162	138	49	)	)	PUNCT
emaj-162	138	50	period	period	NOUN
emaj-162	138	51	.	.	PUNCT
emaj-162	139	1	ratio	ratio	NOUN
emaj-162	139	2	analysis	analysis	NOUN
emaj-162	139	3	was	be	AUX
emaj-162	139	4	used	use	VERB
emaj-162	139	5	by	by	ADP
emaj-162	139	6	jimmy	jimmy	PROPN
emaj-162	139	7	(	(	PUNCT
emaj-162	139	8	2008	2008	NUM
emaj-162	139	9	)	)	PUNCT
emaj-162	139	10	in	in	ADP
emaj-162	139	11	a	a	DET
emaj-162	139	12	comparative	comparative	ADJ
emaj-162	139	13	study	study	NOUN
emaj-162	139	14	of	of	ADP
emaj-162	139	15	mergers	merger	NOUN
emaj-162	139	16	and	and	CCONJ
emaj-162	139	17	organic	organic	ADJ
emaj-162	139	18	growth	growth	NOUN
emaj-162	139	19	in	in	ADP
emaj-162	139	20	the	the	DET
emaj-162	139	21	nigerian	nigerian	ADJ
emaj-162	139	22	banking	banking	NOUN
emaj-162	139	23	sector	sector	NOUN
emaj-162	139	24	to	to	PART
emaj-162	139	25	arrive	arrive	VERB
emaj-162	139	26	at	at	ADP
emaj-162	139	27	a	a	DET
emaj-162	139	28	conclusion	conclusion	NOUN
emaj-162	139	29	that	that	SCONJ
emaj-162	139	30	mergers	merger	NOUN
emaj-162	139	31	and	and	CCONJ
emaj-162	139	32	acquisition	acquisition	NOUN
emaj-162	139	33	has	have	AUX
emaj-162	139	34	a	a	DET
emaj-162	139	35	positive	positive	ADJ
emaj-162	139	36	impact	impact	NOUN
emaj-162	139	37	on	on	ADP
emaj-162	139	38	bank	bank	NOUN
emaj-162	139	39	performance	performance	NOUN
emaj-162	139	40	.	.	PUNCT
emaj-162	140	1	further	far	ADV
emaj-162	140	2	,	,	PUNCT
emaj-162	140	3	okpanachi	okpanachi	ADV
emaj-162	140	4	(	(	PUNCT
emaj-162	140	5	2011	2011	NUM
emaj-162	140	6	)	)	PUNCT
emaj-162	140	7	used	use	VERB
emaj-162	140	8	ratio	ratio	NOUN
emaj-162	140	9	analysis	analysis	NOUN
emaj-162	140	10	in	in	ADP
emaj-162	140	11	comparative	comparative	ADJ
emaj-162	140	12	study	study	NOUN
emaj-162	140	13	of	of	ADP
emaj-162	140	14	the	the	DET
emaj-162	140	15	impact	impact	NOUN
emaj-162	140	16	of	of	ADP
emaj-162	140	17	mergers	merger	NOUN
emaj-162	140	18	and	and	CCONJ
emaj-162	140	19	acquisition	acquisition	NOUN
emaj-162	140	20	on	on	ADP
emaj-162	140	21	financial	financial	ADJ
emaj-162	140	22	efficiency	efficiency	NOUN
emaj-162	140	23	of	of	ADP
emaj-162	140	24	nigerian	nigerian	ADJ
emaj-162	140	25	banks	bank	NOUN
emaj-162	140	26	.	.	PUNCT
emaj-162	141	1	multiple	multiple	ADJ
emaj-162	141	2	performance	performance	NOUN
emaj-162	141	3	indicators	indicator	NOUN
emaj-162	141	4	such	such	ADJ
emaj-162	141	5	as	as	ADP
emaj-162	141	6	return	return	NOUN
emaj-162	141	7	on	on	ADP
emaj-162	141	8	equity	equity	NOUN
emaj-162	141	9	,	,	PUNCT
emaj-162	141	10	return	return	VERB
emaj-162	141	11	on	on	ADP
emaj-162	141	12	assets	asset	NOUN
emaj-162	141	13	,	,	PUNCT
emaj-162	141	14	return	return	VERB
emaj-162	141	15	on	on	ADP
emaj-162	141	16	capital	capital	NOUN
emaj-162	141	17	employed	employ	VERB
emaj-162	141	18	and	and	CCONJ
emaj-162	141	19	current	current	ADJ
emaj-162	141	20	ratio	ratio	NOUN
emaj-162	141	21	were	be	AUX
emaj-162	141	22	used	use	VERB
emaj-162	141	23	in	in	ADP
emaj-162	141	24	the	the	DET
emaj-162	141	25	analysis	analysis	NOUN
emaj-162	141	26	.	.	PUNCT
emaj-162	142	1	however	however	ADV
emaj-162	142	2	,	,	PUNCT
emaj-162	142	3	the	the	DET
emaj-162	142	4	use	use	NOUN
emaj-162	142	5	of	of	ADP
emaj-162	142	6	financial	financial	ADJ
emaj-162	142	7	ratio	ratio	NOUN
emaj-162	142	8	is	be	AUX
emaj-162	142	9	limited	limit	VERB
emaj-162	142	10	by	by	ADP
emaj-162	142	11	the	the	DET
emaj-162	142	12	fact	fact	NOUN
emaj-162	142	13	that	that	SCONJ
emaj-162	142	14	it	it	PRON
emaj-162	142	15	does	do	AUX
emaj-162	142	16	not	not	PART
emaj-162	142	17	account	account	VERB
emaj-162	142	18	for	for	ADP
emaj-162	142	19	differences	difference	NOUN
emaj-162	142	20	in	in	ADP
emaj-162	142	21	accounting	accounting	NOUN
emaj-162	142	22	policies	policy	NOUN
emaj-162	142	23	between	between	ADP
emaj-162	142	24	the	the	DET
emaj-162	142	25	banks	bank	NOUN
emaj-162	142	26	(	(	PUNCT
emaj-162	142	27	mishkin	mishkin	NOUN
emaj-162	142	28	2006	2006	NUM
emaj-162	142	29	)	)	PUNCT
emaj-162	142	30	and	and	CCONJ
emaj-162	142	31	it	it	PRON
emaj-162	142	32	does	do	AUX
emaj-162	142	33	not	not	PART
emaj-162	142	34	detect	detect	VERB
emaj-162	142	35	window	window	NOUN
emaj-162	142	36	dressing	dressing	NOUN
emaj-162	142	37	or	or	CCONJ
emaj-162	142	38	creative	creative	ADJ
emaj-162	142	39	accounting	accounting	NOUN
emaj-162	142	40	and	and	CCONJ
emaj-162	142	41	the	the	DET
emaj-162	142	42	bearing	bearing	NOUN
emaj-162	142	43	of	of	ADP
emaj-162	142	44	inflation	inflation	NOUN
emaj-162	142	45	and	and	CCONJ
emaj-162	142	46	economic	economic	ADJ
emaj-162	142	47	effects	effect	NOUN
emaj-162	142	48	of	of	ADP
emaj-162	142	49	business	business	NOUN
emaj-162	142	50	cycles	cycle	NOUN
emaj-162	142	51	such	such	ADJ
emaj-162	142	52	as	as	ADP
emaj-162	142	53	a	a	DET
emaj-162	142	54	recession	recession	NOUN
emaj-162	142	55	on	on	ADP
emaj-162	142	56	earnings	earning	NOUN
emaj-162	142	57	is	be	AUX
emaj-162	142	58	not	not	PART
emaj-162	142	59	reflected	reflect	VERB
emaj-162	142	60	.	.	PUNCT
emaj-162	143	1	nevertheless	nevertheless	ADV
emaj-162	143	2	,	,	PUNCT
emaj-162	143	3	in	in	ADP
emaj-162	143	4	order	order	NOUN
emaj-162	143	5	to	to	PART
emaj-162	143	6	overcome	overcome	VERB
emaj-162	143	7	these	these	DET
emaj-162	143	8	limitations	limitation	NOUN
emaj-162	143	9	,	,	PUNCT
emaj-162	143	10	further	further	ADJ
emaj-162	143	11	testing	testing	NOUN
emaj-162	143	12	was	be	AUX
emaj-162	143	13	carried	carry	VERB
emaj-162	143	14	out	out	ADP
emaj-162	143	15	on	on	ADP
emaj-162	143	16	the	the	DET
emaj-162	143	17	banks	bank	NOUN
emaj-162	143	18	using	use	VERB
emaj-162	143	19	linear	linear	PROPN
emaj-162	143	20	regression	regression	NOUN
emaj-162	143	21	.	.	PUNCT
emaj-162	144	1	regression	regression	NOUN
emaj-162	144	2	model	model	NOUN
emaj-162	144	3	in	in	ADP
emaj-162	144	4	order	order	NOUN
emaj-162	144	5	to	to	PART
emaj-162	144	6	statistically	statistically	ADV
emaj-162	144	7	test	test	VERB
emaj-162	144	8	the	the	DET
emaj-162	144	9	impact	impact	NOUN
emaj-162	144	10	of	of	ADP
emaj-162	144	11	mergers	merger	NOUN
emaj-162	144	12	on	on	ADP
emaj-162	144	13	the	the	DET
emaj-162	144	14	banks	bank	NOUN
emaj-162	144	15	,	,	PUNCT
emaj-162	144	16	linear	linear	ADJ
emaj-162	144	17	regression	regression	NOUN
emaj-162	144	18	was	be	AUX
emaj-162	144	19	adopted	adopt	VERB
emaj-162	144	20	and	and	CCONJ
emaj-162	144	21	a	a	DET
emaj-162	144	22	longitudinal	longitudinal	ADJ
emaj-162	144	23	analysis	analysis	NOUN
emaj-162	144	24	of	of	ADP
emaj-162	144	25	the	the	DET
emaj-162	144	26	banks	bank	NOUN
emaj-162	144	27	’	'	PUNCT
emaj-162	144	28	financial	financial	ADJ
emaj-162	144	29	statement	statement	NOUN
emaj-162	144	30	was	be	AUX
emaj-162	144	31	undertaken	undertake	VERB
emaj-162	144	32	which	which	PRON
emaj-162	144	33	was	be	AUX
emaj-162	144	34	built	build	VERB
emaj-162	144	35	on	on	ADP
emaj-162	144	36	the	the	DET
emaj-162	144	37	approach	approach	NOUN
emaj-162	144	38	of	of	ADP
emaj-162	144	39	altunbas	altunbas	PROPN
emaj-162	144	40	and	and	CCONJ
emaj-162	144	41	marques	marques	PROPN
emaj-162	144	42	(	(	PUNCT
emaj-162	144	43	2008	2008	NUM
emaj-162	144	44	)	)	PUNCT
emaj-162	144	45	,	,	PUNCT
emaj-162	144	46	altunbas	altunbas	NOUN
emaj-162	144	47	and	and	CCONJ
emaj-162	144	48	ibanez	ibanez	PROPN
emaj-162	144	49	(	(	PUNCT
emaj-162	144	50	2004	2004	NUM
emaj-162	144	51	)	)	PUNCT
emaj-162	144	52	,	,	PUNCT
emaj-162	144	53	ramaswamy	ramaswamy	ADJ
emaj-162	144	54	(	(	PUNCT
emaj-162	144	55	1997	1997	NUM
emaj-162	144	56	)	)	PUNCT
emaj-162	144	57	,	,	PUNCT
emaj-162	144	58	chatterjee	chatterjee	PROPN
emaj-162	144	59	et	et	PROPN
emaj-162	144	60	al	al	PROPN
emaj-162	144	61	(	(	PUNCT
emaj-162	144	62	1992	1992	NUM
emaj-162	144	63	)	)	PUNCT
emaj-162	144	64	and	and	CCONJ
emaj-162	144	65	datta	datta	PROPN
emaj-162	144	66	et	et	PROPN
emaj-162	144	67	al	al	PROPN
emaj-162	144	68	(	(	PUNCT
emaj-162	144	69	1991	1991	NUM
emaj-162	144	70	)	)	PUNCT
emaj-162	144	71	.	.	PUNCT
emaj-162	145	1	the	the	DET
emaj-162	145	2	formulae	formulae	NOUN
emaj-162	145	3	and	and	CCONJ
emaj-162	145	4	variables	variable	NOUN
emaj-162	145	5	are	be	AUX
emaj-162	145	6	briefly	briefly	ADV
emaj-162	145	7	explained	explain	VERB
emaj-162	145	8	below	below	ADV
emaj-162	145	9	.	.	PUNCT
emaj-162	146	1	uba	uba	PROPN
emaj-162	146	2	bank	bank	PROPN
emaj-162	146	3	(	(	PUNCT
emaj-162	146	4	post	post	NOUN
emaj-162	146	5	-	-	NOUN
emaj-162	146	6	merger	merger	NOUN
emaj-162	146	7	):	):	PUNCT
emaj-162	146	8	a	a	X
emaj-162	146	9	)	)	PUNCT
emaj-162	146	10	profitability	profitability	NOUN
emaj-162	146	11	it=	it=	PROPN
emaj-162	146	12	β0	β0	PROPN
emaj-162	146	13	+	+	CCONJ
emaj-162	146	14	β1	β1	PROPN
emaj-162	146	15	asset	asset	NOUN
emaj-162	146	16	profile	profile	NOUN
emaj-162	146	17	i(t-1	i(t-1	NOUN
emaj-162	146	18	)	)	PUNCT
emaj-162	147	1	+	+	CCONJ
emaj-162	147	2	β2	β2	ADJ
emaj-162	147	3	capital	capital	NOUN
emaj-162	147	4	structure	structure	NOUN
emaj-162	147	5	i(t-1	i(t-1	PROPN
emaj-162	147	6	)	)	PUNCT
emaj-162	148	1	+	+	CCONJ
emaj-162	148	2	β3	β3	ADJ
emaj-162	148	3	credit	credit	NOUN
emaj-162	148	4	risk	risk	NOUN
emaj-162	148	5	i(t-1)+	i(t-1)+	PROPN
emaj-162	148	6	β4	β4	PROPN
emaj-162	148	7	cost	cost	NOUN
emaj-162	148	8	controlling	controlling	NOUN
emaj-162	148	9	i(t1	i(t1	NOUN
emaj-162	148	10	)	)	PUNCT
emaj-162	149	1	+	+	CCONJ
emaj-162	149	2	β5liquidity	β5liquidity	NOUN
emaj-162	149	3	risk	risk	NOUN
emaj-162	149	4	i(t-1	i(t-1	NOUN
emaj-162	149	5	)	)	PUNCT
emaj-162	150	1	+	+	CCONJ
emaj-162	150	2	β6	β6	PROPN
emaj-162	150	3	performance	performance	NOUN
emaj-162	150	4	i(t-1	i(t-1	PROPN
emaj-162	150	5	)	)	PUNCT
emaj-162	150	6	uba	uba	PROPN
emaj-162	150	7	&	&	CCONJ
emaj-162	150	8	stb	stb	PROPN
emaj-162	150	9	bank	bank	PROPN
emaj-162	150	10	(	(	PUNCT
emaj-162	150	11	pre	pre	NOUN
emaj-162	150	12	-	-	NOUN
emaj-162	150	13	merger	merger	ADJ
emaj-162	150	14	):	):	PUNCT
emaj-162	150	15	b	b	X
emaj-162	150	16	)	)	PUNCT
emaj-162	150	17	profitability	profitability	NOUN
emaj-162	150	18	it=	it=	PROPN
emaj-162	150	19	β0	β0	PROPN
emaj-162	150	20	+	+	CCONJ
emaj-162	150	21	β1	β1	PROPN
emaj-162	150	22	asset	asset	NOUN
emaj-162	150	23	profile	profile	NOUN
emaj-162	150	24	i(t-1	i(t-1	NOUN
emaj-162	150	25	)	)	PUNCT
emaj-162	151	1	+	+	CCONJ
emaj-162	151	2	β2	β2	ADJ
emaj-162	151	3	capital	capital	NOUN
emaj-162	151	4	structure	structure	NOUN
emaj-162	151	5	i(t-1	i(t-1	PROPN
emaj-162	151	6	)	)	PUNCT
emaj-162	152	1	+	+	CCONJ
emaj-162	152	2	β3	β3	ADJ
emaj-162	152	3	credit	credit	NOUN
emaj-162	152	4	risk	risk	NOUN
emaj-162	152	5	i(t-1)+	i(t-1)+	PROPN
emaj-162	152	6	β4	β4	PROPN
emaj-162	152	7	cost	cost	NOUN
emaj-162	152	8	controlling	controlling	NOUN
emaj-162	152	9	i(t1	i(t1	NOUN
emaj-162	152	10	)	)	PUNCT
emaj-162	153	1	+	+	CCONJ
emaj-162	153	2	β5liquidity	β5liquidity	NOUN
emaj-162	153	3	risk	risk	NOUN
emaj-162	153	4	i(t-1	i(t-1	NOUN
emaj-162	153	5	)	)	PUNCT
emaj-162	154	1	+	+	CCONJ
emaj-162	154	2	β6	β6	PROPN
emaj-162	154	3	performance	performance	NOUN
emaj-162	154	4	i(t-1	i(t-1	NOUN
emaj-162	154	5	)	)	PUNCT
emaj-162	154	6	volume	volume	NOUN
emaj-162	154	7	9	9	NUM
emaj-162	154	8	no	no	DET
emaj-162	154	9	1	1	NUM
emaj-162	154	10	(	(	PUNCT
emaj-162	154	11	2019	2019	NUM
emaj-162	154	12	)	)	PUNCT
emaj-162	154	13	|	|	ADV
emaj-162	154	14	issn	issn	VERB
emaj-162	154	15	2158	2158	NUM
emaj-162	154	16	-	-	SYM
emaj-162	154	17	8708	8708	NUM
emaj-162	154	18	(	(	PUNCT
emaj-162	154	19	online	online	NOUN
emaj-162	154	20	)	)	PUNCT
emaj-162	154	21	|	|	ADV
emaj-162	154	22	doi	doi	X
emaj-162	154	23	10.5195	10.5195	NUM
emaj-162	154	24	/	/	SYM
emaj-162	154	25	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	155	1	|	|	ADV
emaj-162	155	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	155	3	mergers	merger	NOUN
emaj-162	155	4	,	,	PUNCT
emaj-162	155	5	acquisitions	acquisition	NOUN
emaj-162	155	6	and	and	CCONJ
emaj-162	155	7	financial	financial	ADJ
emaj-162	155	8	performance	performance	NOUN
emaj-162	155	9	:	:	PUNCT
emaj-162	155	10	a	a	DET
emaj-162	155	11	study	study	NOUN
emaj-162	155	12	of	of	ADP
emaj-162	155	13	selected	select	VERB
emaj-162	155	14	financial	financial	ADJ
emaj-162	155	15	institutions	institution	NOUN
emaj-162	155	16	page	page	VERB
emaj-162	155	17	|40|	|40|	VERB
emaj-162	155	18	emerging	emerge	VERB
emaj-162	155	19	markets	market	NOUN
emaj-162	155	20	journal	journal	NOUN
emaj-162	155	21	where	where	SCONJ
emaj-162	155	22	i	i	PRON
emaj-162	155	23	represents	represent	VERB
emaj-162	155	24	the	the	DET
emaj-162	155	25	firm	firm	NOUN
emaj-162	155	26	and	and	CCONJ
emaj-162	155	27	t	t	PROPN
emaj-162	155	28	represents	represent	VERB
emaj-162	155	29	time	time	NOUN
emaj-162	155	30	measured	measure	VERB
emaj-162	155	31	by	by	ADP
emaj-162	155	32	their	their	PRON
emaj-162	155	33	calendar	calendar	NOUN
emaj-162	155	34	year	year	NOUN
emaj-162	155	35	end	end	NOUN
emaj-162	155	36	.	.	PUNCT
emaj-162	156	1	the	the	DET
emaj-162	156	2	dependent	dependent	ADJ
emaj-162	156	3	variable	variable	NOUN
emaj-162	156	4	is	be	AUX
emaj-162	156	5	profitability	profitability	NOUN
emaj-162	156	6	,	,	PUNCT
emaj-162	156	7	which	which	PRON
emaj-162	156	8	is	be	AUX
emaj-162	156	9	measured	measure	VERB
emaj-162	156	10	by	by	ADP
emaj-162	156	11	the	the	DET
emaj-162	156	12	ratio	ratio	NOUN
emaj-162	156	13	of	of	ADP
emaj-162	156	14	profit	profit	NOUN
emaj-162	156	15	after	after	ADP
emaj-162	156	16	tax	tax	NOUN
emaj-162	156	17	to	to	ADP
emaj-162	156	18	total	total	ADJ
emaj-162	156	19	assets	asset	NOUN
emaj-162	156	20	.	.	PUNCT
emaj-162	157	1	this	this	DET
emaj-162	157	2	ratio	ratio	NOUN
emaj-162	157	3	indicates	indicate	VERB
emaj-162	157	4	the	the	DET
emaj-162	157	5	asset	asset	NOUN
emaj-162	157	6	turnover	turnover	NOUN
emaj-162	157	7	that	that	PRON
emaj-162	157	8	translates	translate	VERB
emaj-162	157	9	to	to	ADP
emaj-162	157	10	the	the	DET
emaj-162	157	11	way	way	NOUN
emaj-162	157	12	that	that	PRON
emaj-162	157	13	bank	bank	NOUN
emaj-162	157	14	uses	use	VERB
emaj-162	157	15	its	its	PRON
emaj-162	157	16	assets	asset	NOUN
emaj-162	157	17	to	to	PART
emaj-162	157	18	make	make	VERB
emaj-162	157	19	profit	profit	NOUN
emaj-162	157	20	while	while	SCONJ
emaj-162	157	21	the	the	DET
emaj-162	157	22	independent	independent	ADJ
emaj-162	157	23	variables	variable	NOUN
emaj-162	157	24	are	be	AUX
emaj-162	157	25	as	as	SCONJ
emaj-162	157	26	follows	follow	VERB
emaj-162	157	27	:	:	PUNCT
emaj-162	157	28	asset	asset	NOUN
emaj-162	157	29	profile	profile	NOUN
emaj-162	157	30	strategy	strategy	NOUN
emaj-162	157	31	is	be	AUX
emaj-162	157	32	considered	consider	VERB
emaj-162	157	33	as	as	ADP
emaj-162	157	34	the	the	DET
emaj-162	157	35	bank	bank	NOUN
emaj-162	157	36	’s	’s	PART
emaj-162	157	37	balance	balance	NOUN
emaj-162	157	38	sheet	sheet	NOUN
emaj-162	157	39	loan	loan	NOUN
emaj-162	157	40	composition	composition	NOUN
emaj-162	157	41	.	.	PUNCT
emaj-162	158	1	it	it	PRON
emaj-162	158	2	is	be	AUX
emaj-162	158	3	measured	measure	VERB
emaj-162	158	4	by	by	ADP
emaj-162	158	5	the	the	DET
emaj-162	158	6	ratio	ratio	NOUN
emaj-162	158	7	of	of	ADP
emaj-162	158	8	total	total	ADJ
emaj-162	158	9	loan	loan	NOUN
emaj-162	158	10	and	and	CCONJ
emaj-162	158	11	advances	advance	NOUN
emaj-162	158	12	to	to	ADP
emaj-162	158	13	total	total	ADJ
emaj-162	158	14	assets	asset	NOUN
emaj-162	158	15	ratio	ratio	NOUN
emaj-162	158	16	(	(	PUNCT
emaj-162	158	17	tl	tl	PROPN
emaj-162	158	18	/	/	SYM
emaj-162	158	19	ta	ta	PROPN
emaj-162	158	20	)	)	PUNCT
emaj-162	158	21	.	.	PUNCT
emaj-162	159	1	credit	credit	NOUN
emaj-162	159	2	risk	risk	NOUN
emaj-162	159	3	is	be	AUX
emaj-162	159	4	measured	measure	VERB
emaj-162	159	5	as	as	ADP
emaj-162	159	6	the	the	DET
emaj-162	159	7	level	level	NOUN
emaj-162	159	8	of	of	ADP
emaj-162	159	9	loan	loan	NOUN
emaj-162	159	10	loss	loss	NOUN
emaj-162	159	11	provisions	provision	NOUN
emaj-162	159	12	divided	divide	VERB
emaj-162	159	13	by	by	ADP
emaj-162	159	14	total	total	ADJ
emaj-162	159	15	loans	loan	NOUN
emaj-162	159	16	(	(	PUNCT
emaj-162	159	17	pll	pll	PROPN
emaj-162	159	18	/	/	SYM
emaj-162	159	19	tl	tl	PROPN
emaj-162	159	20	)	)	PUNCT
emaj-162	159	21	.	.	PUNCT
emaj-162	160	1	in	in	ADP
emaj-162	160	2	general	general	ADJ
emaj-162	160	3	,	,	PUNCT
emaj-162	160	4	it	it	PRON
emaj-162	160	5	can	can	AUX
emaj-162	160	6	be	be	AUX
emaj-162	160	7	argued	argue	VERB
emaj-162	160	8	that	that	SCONJ
emaj-162	160	9	better	well	ADJ
emaj-162	160	10	post	post	ADJ
emaj-162	160	11	-	-	ADJ
emaj-162	160	12	merger	merger	ADJ
emaj-162	160	13	performance	performance	NOUN
emaj-162	160	14	may	may	AUX
emaj-162	160	15	be	be	AUX
emaj-162	160	16	expected	expect	VERB
emaj-162	160	17	when	when	SCONJ
emaj-162	160	18	banks	bank	NOUN
emaj-162	160	19	with	with	ADP
emaj-162	160	20	very	very	ADV
emaj-162	160	21	similar	similar	ADJ
emaj-162	160	22	asset	asset	NOUN
emaj-162	160	23	quality	quality	NOUN
emaj-162	160	24	merge	merge	NOUN
emaj-162	160	25	(	(	PUNCT
emaj-162	160	26	umoren	umoren	NOUN
emaj-162	160	27	and	and	CCONJ
emaj-162	160	28	olokoyo	olokoyo	NOUN
emaj-162	160	29	,	,	PUNCT
emaj-162	160	30	2007	2007	NUM
emaj-162	160	31	)	)	PUNCT
emaj-162	160	32	.	.	PUNCT
emaj-162	161	1	the	the	PRON
emaj-162	161	2	greater	great	ADJ
emaj-162	161	3	the	the	DET
emaj-162	161	4	similarities	similarity	NOUN
emaj-162	161	5	among	among	ADP
emaj-162	161	6	the	the	DET
emaj-162	161	7	asset	asset	NOUN
emaj-162	161	8	profile	profile	NOUN
emaj-162	161	9	strategies	strategy	NOUN
emaj-162	161	10	,	,	PUNCT
emaj-162	161	11	the	the	PRON
emaj-162	161	12	higher	high	ADJ
emaj-162	161	13	the	the	DET
emaj-162	161	14	performance	performance	NOUN
emaj-162	161	15	expected	expect	VERB
emaj-162	161	16	after	after	ADP
emaj-162	161	17	merging	merge	VERB
emaj-162	161	18	.	.	PUNCT
emaj-162	162	1	capital	capital	NOUN
emaj-162	162	2	structure	structure	NOUN
emaj-162	162	3	is	be	AUX
emaj-162	162	4	measured	measure	VERB
emaj-162	162	5	as	as	ADP
emaj-162	162	6	the	the	DET
emaj-162	162	7	ratio	ratio	NOUN
emaj-162	162	8	of	of	ADP
emaj-162	162	9	shareholders	shareholder	NOUN
emaj-162	162	10	fund	fund	NOUN
emaj-162	162	11	to	to	PART
emaj-162	162	12	total	total	ADJ
emaj-162	162	13	assets	asset	NOUN
emaj-162	162	14	(	(	PUNCT
emaj-162	162	15	sf	sf	PROPN
emaj-162	162	16	/	/	SYM
emaj-162	162	17	ta	ta	PROPN
emaj-162	162	18	)	)	PUNCT
emaj-162	162	19	.	.	PUNCT
emaj-162	163	1	regulators	regulator	NOUN
emaj-162	163	2	have	have	AUX
emaj-162	163	3	given	give	VERB
emaj-162	163	4	this	this	DET
emaj-162	163	5	strategy	strategy	NOUN
emaj-162	163	6	increased	increase	VERB
emaj-162	163	7	importance	importance	NOUN
emaj-162	163	8	in	in	ADP
emaj-162	163	9	order	order	NOUN
emaj-162	163	10	to	to	PART
emaj-162	163	11	introduce	introduce	VERB
emaj-162	163	12	competition	competition	NOUN
emaj-162	163	13	in	in	ADP
emaj-162	163	14	banking	banking	NOUN
emaj-162	163	15	and	and	CCONJ
emaj-162	163	16	to	to	PART
emaj-162	163	17	check	check	VERB
emaj-162	163	18	risktaking	risktake	VERB
emaj-162	163	19	with	with	ADP
emaj-162	163	20	capital	capital	NOUN
emaj-162	163	21	requirements	requirement	NOUN
emaj-162	163	22	.	.	PUNCT
emaj-162	164	1	banks	bank	NOUN
emaj-162	164	2	with	with	ADP
emaj-162	164	3	lower	low	ADJ
emaj-162	164	4	capital	capital	NOUN
emaj-162	164	5	ratio	ratio	NOUN
emaj-162	164	6	can	can	AUX
emaj-162	164	7	signal	signal	VERB
emaj-162	164	8	favorable	favorable	ADJ
emaj-162	164	9	information	information	NOUN
emaj-162	164	10	after	after	ADP
emaj-162	164	11	merging	merge	VERB
emaj-162	164	12	with	with	ADP
emaj-162	164	13	banks	bank	NOUN
emaj-162	164	14	with	with	ADP
emaj-162	164	15	larger	large	ADJ
emaj-162	164	16	capital	capital	NOUN
emaj-162	164	17	ratio	ratio	NOUN
emaj-162	164	18	.	.	PUNCT
emaj-162	165	1	this	this	DET
emaj-162	165	2	ratio	ratio	NOUN
emaj-162	165	3	is	be	AUX
emaj-162	165	4	expected	expect	VERB
emaj-162	165	5	to	to	PART
emaj-162	165	6	be	be	AUX
emaj-162	165	7	high	high	ADJ
emaj-162	165	8	,	,	PUNCT
emaj-162	165	9	because	because	SCONJ
emaj-162	165	10	the	the	DET
emaj-162	165	11	merger	merger	NOUN
emaj-162	165	12	increases	increase	VERB
emaj-162	165	13	both	both	PRON
emaj-162	165	14	equity	equity	NOUN
emaj-162	165	15	and	and	CCONJ
emaj-162	165	16	total	total	ADJ
emaj-162	165	17	asset	asset	NOUN
emaj-162	165	18	.	.	PUNCT
emaj-162	166	1	the	the	DET
emaj-162	166	2	cost	cost	NOUN
emaj-162	166	3	controlling	control	VERB
emaj-162	166	4	strategy	strategy	NOUN
emaj-162	166	5	shows	show	VERB
emaj-162	166	6	the	the	DET
emaj-162	166	7	emphasis	emphasis	NOUN
emaj-162	166	8	to	to	PART
emaj-162	166	9	minimize	minimize	VERB
emaj-162	166	10	cost	cost	NOUN
emaj-162	166	11	by	by	ADP
emaj-162	166	12	relating	relate	VERB
emaj-162	166	13	operating	operate	VERB
emaj-162	166	14	expenditure	expenditure	NOUN
emaj-162	166	15	to	to	ADP
emaj-162	166	16	returns	return	NOUN
emaj-162	166	17	and	and	CCONJ
emaj-162	166	18	it	it	PRON
emaj-162	166	19	is	be	AUX
emaj-162	166	20	measured	measure	VERB
emaj-162	166	21	by	by	ADP
emaj-162	166	22	the	the	DET
emaj-162	166	23	operating	operating	NOUN
emaj-162	166	24	expenses	expense	NOUN
emaj-162	166	25	to	to	ADP
emaj-162	166	26	net	net	ADJ
emaj-162	166	27	earnings	earning	NOUN
emaj-162	166	28	(	(	PUNCT
emaj-162	166	29	oe	oe	PROPN
emaj-162	166	30	/	/	SYM
emaj-162	166	31	ne	ne	PROPN
emaj-162	166	32	)	)	PUNCT
emaj-162	166	33	.	.	PUNCT
emaj-162	167	1	as	as	ADP
emaj-162	167	2	a	a	DET
emaj-162	167	3	result	result	NOUN
emaj-162	167	4	of	of	ADP
emaj-162	167	5	economies	economy	NOUN
emaj-162	167	6	of	of	ADP
emaj-162	167	7	scale	scale	NOUN
emaj-162	167	8	derived	derive	VERB
emaj-162	167	9	from	from	ADP
emaj-162	167	10	horizontal	horizontal	ADJ
emaj-162	167	11	mergers	merger	NOUN
emaj-162	167	12	,	,	PUNCT
emaj-162	167	13	the	the	DET
emaj-162	167	14	bank	bank	NOUN
emaj-162	167	15	is	be	AUX
emaj-162	167	16	competing	compete	VERB
emaj-162	167	17	on	on	ADP
emaj-162	167	18	the	the	DET
emaj-162	167	19	basis	basis	NOUN
emaj-162	167	20	of	of	ADP
emaj-162	167	21	low	low	ADJ
emaj-162	167	22	-	-	PUNCT
emaj-162	167	23	cost	cost	NOUN
emaj-162	167	24	and	and	CCONJ
emaj-162	167	25	operating	operating	NOUN
emaj-162	167	26	efficiency	efficiency	NOUN
emaj-162	167	27	was	be	AUX
emaj-162	167	28	one	one	NUM
emaj-162	167	29	of	of	ADP
emaj-162	167	30	the	the	DET
emaj-162	167	31	underlying	underlie	VERB
emaj-162	167	32	synergies	synergy	NOUN
emaj-162	167	33	expected	expect	VERB
emaj-162	167	34	as	as	ADP
emaj-162	167	35	benefit	benefit	NOUN
emaj-162	167	36	from	from	ADP
emaj-162	167	37	merging	merge	VERB
emaj-162	167	38	with	with	ADP
emaj-162	167	39	another	another	DET
emaj-162	167	40	similarly	similarly	ADV
emaj-162	167	41	strategized	strategize	VERB
emaj-162	167	42	bank	bank	NOUN
emaj-162	167	43	.	.	PUNCT
emaj-162	168	1	therefore	therefore	ADV
emaj-162	168	2	,	,	PUNCT
emaj-162	168	3	uba	uba	PROPN
emaj-162	168	4	is	be	AUX
emaj-162	168	5	expected	expect	VERB
emaj-162	168	6	to	to	PART
emaj-162	168	7	show	show	VERB
emaj-162	168	8	a	a	DET
emaj-162	168	9	higher	high	ADJ
emaj-162	168	10	performance	performance	NOUN
emaj-162	168	11	after	after	ADP
emaj-162	168	12	merging	merge	VERB
emaj-162	168	13	.	.	PUNCT
emaj-162	169	1	the	the	DET
emaj-162	169	2	liquidity	liquidity	NOUN
emaj-162	169	3	risk	risk	NOUN
emaj-162	169	4	strategy	strategy	NOUN
emaj-162	169	5	refers	refer	VERB
emaj-162	169	6	to	to	ADP
emaj-162	169	7	the	the	DET
emaj-162	169	8	banks	bank	NOUN
emaj-162	169	9	’	'	PUNCT
emaj-162	169	10	strategy	strategy	NOUN
emaj-162	169	11	towards	towards	ADP
emaj-162	169	12	managing	manage	VERB
emaj-162	169	13	liquidity	liquidity	NOUN
emaj-162	169	14	risk	risk	NOUN
emaj-162	169	15	and	and	CCONJ
emaj-162	169	16	is	be	AUX
emaj-162	169	17	measured	measure	VERB
emaj-162	169	18	by	by	ADP
emaj-162	169	19	the	the	DET
emaj-162	169	20	ratio	ratio	NOUN
emaj-162	169	21	of	of	ADP
emaj-162	169	22	cash	cash	NOUN
emaj-162	169	23	and	and	CCONJ
emaj-162	169	24	short	short	ADJ
emaj-162	169	25	-	-	PUNCT
emaj-162	169	26	term	term	NOUN
emaj-162	169	27	funds	fund	NOUN
emaj-162	169	28	to	to	ADP
emaj-162	169	29	deposits	deposit	NOUN
emaj-162	169	30	(	(	PUNCT
emaj-162	169	31	cst	cst	PROPN
emaj-162	169	32	/	/	SYM
emaj-162	169	33	d	d	PROPN
emaj-162	169	34	)	)	PUNCT
emaj-162	169	35	.	.	PUNCT
emaj-162	170	1	a	a	DET
emaj-162	170	2	better	well	ADJ
emaj-162	170	3	liquidity	liquidity	NOUN
emaj-162	170	4	management	management	NOUN
emaj-162	170	5	of	of	ADP
emaj-162	170	6	the	the	DET
emaj-162	170	7	merged	merge	VERB
emaj-162	170	8	banks	bank	NOUN
emaj-162	170	9	would	would	AUX
emaj-162	170	10	imply	imply	VERB
emaj-162	170	11	a	a	DET
emaj-162	170	12	better	well	ADJ
emaj-162	170	13	performance	performance	NOUN
emaj-162	170	14	.	.	PUNCT
emaj-162	171	1	v.	v.	ADP
emaj-162	171	2	results	result	VERB
emaj-162	171	3	descriptive	descriptive	ADJ
emaj-162	171	4	analysis	analysis	NOUN
emaj-162	171	5	table	table	NOUN
emaj-162	171	6	1	1	NUM
emaj-162	171	7	provides	provide	VERB
emaj-162	171	8	descriptive	descriptive	ADJ
emaj-162	171	9	summary	summary	NOUN
emaj-162	171	10	statistics	statistic	NOUN
emaj-162	171	11	of	of	ADP
emaj-162	171	12	the	the	DET
emaj-162	171	13	financial	financial	ADJ
emaj-162	171	14	indicators	indicator	NOUN
emaj-162	171	15	of	of	ADP
emaj-162	171	16	uba	uba	PROPN
emaj-162	171	17	and	and	CCONJ
emaj-162	171	18	stb	stb	PROPN
emaj-162	171	19	in	in	ADP
emaj-162	171	20	aggregate	aggregate	NOUN
emaj-162	171	21	from	from	ADP
emaj-162	171	22	2000	2000	NUM
emaj-162	171	23	to	to	ADP
emaj-162	171	24	2005	2005	NUM
emaj-162	171	25	and	and	CCONJ
emaj-162	171	26	uba	uba	PROPN
emaj-162	171	27	group	group	NOUN
emaj-162	171	28	from	from	ADP
emaj-162	171	29	2006	2006	NUM
emaj-162	171	30	-	-	SYM
emaj-162	171	31	2010	2010	NUM
emaj-162	171	32	.	.	PUNCT
emaj-162	172	1	table	table	NOUN
emaj-162	172	2	1	1	NUM
emaj-162	172	3	:	:	PUNCT
emaj-162	172	4	descriptive	descriptive	ADJ
emaj-162	172	5	statistics	statistic	NOUN
emaj-162	172	6	source	source	NOUN
emaj-162	172	7	:	:	PUNCT
emaj-162	172	8	author	author	NOUN
emaj-162	172	9	’s	’s	PART
emaj-162	172	10	computation	computation	NOUN
emaj-162	172	11	.	.	PUNCT
emaj-162	173	1	table	table	NOUN
emaj-162	173	2	2	2	NUM
emaj-162	173	3	:	:	PUNCT
emaj-162	173	4	linear	linear	ADJ
emaj-162	173	5	regression	regression	NOUN
emaj-162	173	6	of	of	ADP
emaj-162	173	7	the	the	DET
emaj-162	173	8	pre	pre	NOUN
emaj-162	173	9	-	-	ADJ
emaj-162	173	10	merger	merger	ADJ
emaj-162	173	11	uba	uba	PROPN
emaj-162	173	12	and	and	CCONJ
emaj-162	173	13	stb	stb	PROPN
emaj-162	173	14	and	and	CCONJ
emaj-162	173	15	the	the	DET
emaj-162	173	16	post	post	ADJ
emaj-162	173	17	-	-	ADJ
emaj-162	173	18	merger	merger	ADJ
emaj-162	173	19	period	period	NOUN
emaj-162	173	20	source	source	NOUN
emaj-162	173	21	:	:	PUNCT
emaj-162	173	22	author	author	NOUN
emaj-162	173	23	’s	’s	PART
emaj-162	173	24	computation	computation	NOUN
emaj-162	173	25	.	.	PUNCT
emaj-162	174	1	the	the	DET
emaj-162	174	2	coefficients	coefficient	NOUN
emaj-162	174	3	reported	report	VERB
emaj-162	174	4	in	in	ADP
emaj-162	174	5	table	table	NOUN
emaj-162	174	6	2	2	NUM
emaj-162	174	7	which	which	PRON
emaj-162	174	8	are	be	AUX
emaj-162	174	9	*	*	PUNCT
emaj-162	174	10	*	*	PUNCT
emaj-162	174	11	and	and	CCONJ
emaj-162	174	12	*	*	PUNCT
emaj-162	174	13	,	,	PUNCT
emaj-162	174	14	indicate	indicate	VERB
emaj-162	174	15	a	a	DET
emaj-162	174	16	statistical	statistical	ADJ
emaj-162	174	17	significance	significance	NOUN
emaj-162	174	18	level	level	NOUN
emaj-162	174	19	of	of	ADP
emaj-162	174	20	5	5	NUM
emaj-162	174	21	%	%	NOUN
emaj-162	174	22	and	and	CCONJ
emaj-162	174	23	10	10	NUM
emaj-162	174	24	%	%	NOUN
emaj-162	174	25	respectively	respectively	ADV
emaj-162	174	26	based	base	VERB
emaj-162	174	27	on	on	ADP
emaj-162	174	28	the	the	DET
emaj-162	174	29	p	p	NOUN
emaj-162	174	30	-	-	PUNCT
emaj-162	174	31	values	value	NOUN
emaj-162	174	32	.	.	PUNCT
emaj-162	175	1	vi	vi	X
emaj-162	175	2	.	.	NOUN
emaj-162	175	3	discussion	discussion	NOUN
emaj-162	175	4	asset	asset	NOUN
emaj-162	175	5	profile	profile	NOUN
emaj-162	175	6	and	and	CCONJ
emaj-162	175	7	credit	credit	NOUN
emaj-162	175	8	risk	risk	NOUN
emaj-162	175	9	are	be	AUX
emaj-162	175	10	indicators	indicator	NOUN
emaj-162	175	11	of	of	ADP
emaj-162	175	12	the	the	DET
emaj-162	175	13	profitability	profitability	NOUN
emaj-162	175	14	of	of	ADP
emaj-162	175	15	a	a	DET
emaj-162	175	16	bank	bank	NOUN
emaj-162	175	17	relative	relative	ADJ
emaj-162	175	18	to	to	ADP
emaj-162	175	19	its	its	PRON
emaj-162	175	20	total	total	ADJ
emaj-162	175	21	assets	asset	NOUN
emaj-162	175	22	and	and	CCONJ
emaj-162	175	23	level	level	NOUN
emaj-162	175	24	of	of	ADP
emaj-162	175	25	effectiveness	effectiveness	NOUN
emaj-162	175	26	of	of	ADP
emaj-162	175	27	the	the	DET
emaj-162	175	28	management	management	NOUN
emaj-162	175	29	in	in	ADP
emaj-162	175	30	using	use	VERB
emaj-162	175	31	the	the	DET
emaj-162	175	32	assets	asset	NOUN
emaj-162	175	33	to	to	PART
emaj-162	175	34	generate	generate	VERB
emaj-162	175	35	returns	return	NOUN
emaj-162	175	36	.	.	PUNCT
emaj-162	176	1	credit	credit	NOUN
emaj-162	176	2	risk	risk	NOUN
emaj-162	176	3	was	be	AUX
emaj-162	176	4	measured	measure	VERB
emaj-162	176	5	by	by	ADP
emaj-162	176	6	the	the	DET
emaj-162	176	7	ratio	ratio	NOUN
emaj-162	176	8	of	of	ADP
emaj-162	176	9	provision	provision	NOUN
emaj-162	176	10	for	for	ADP
emaj-162	176	11	bad	bad	ADJ
emaj-162	176	12	debt	debt	NOUN
emaj-162	176	13	to	to	ADP
emaj-162	176	14	total	total	ADJ
emaj-162	176	15	loan	loan	NOUN
emaj-162	176	16	and	and	CCONJ
emaj-162	176	17	the	the	DET
emaj-162	176	18	results	result	NOUN
emaj-162	176	19	in	in	ADP
emaj-162	176	20	table	table	NOUN
emaj-162	176	21	shows	show	VERB
emaj-162	176	22	a	a	DET
emaj-162	176	23	better	well	ADJ
emaj-162	176	24	post	post	ADJ
emaj-162	176	25	-	-	ADJ
emaj-162	176	26	merger	merger	ADJ
emaj-162	176	27	performance	performance	NOUN
emaj-162	176	28	(	(	PUNCT
emaj-162	176	29	-0.042879	-0.042879	X
emaj-162	176	30	<	<	X
emaj-162	176	31	-0.0429511	-0.0429511	NOUN
emaj-162	176	32	)	)	PUNCT
emaj-162	176	33	.	.	PUNCT
emaj-162	177	1	this	this	PRON
emaj-162	177	2	shows	show	VERB
emaj-162	177	3	that	that	SCONJ
emaj-162	177	4	,	,	PUNCT
emaj-162	177	5	the	the	DET
emaj-162	177	6	bank	bank	NOUN
emaj-162	177	7	was	be	AUX
emaj-162	177	8	able	able	ADJ
emaj-162	177	9	to	to	PART
emaj-162	177	10	curtail	curtail	VERB
emaj-162	177	11	the	the	DET
emaj-162	177	12	level	level	NOUN
emaj-162	177	13	of	of	ADP
emaj-162	177	14	risk	risk	NOUN
emaj-162	177	15	existing	exist	VERB
emaj-162	177	16	in	in	ADP
emaj-162	177	17	the	the	DET
emaj-162	177	18	pre	pre	ADJ
emaj-162	177	19	-	-	ADJ
emaj-162	177	20	merger	merger	ADJ
emaj-162	177	21	period	period	NOUN
emaj-162	177	22	.	.	PUNCT
emaj-162	178	1	that	that	PRON
emaj-162	178	2	is	be	AUX
emaj-162	178	3	in	in	ADP
emaj-162	178	4	line	line	NOUN
emaj-162	178	5	with	with	ADP
emaj-162	178	6	the	the	DET
emaj-162	178	7	findings	finding	NOUN
emaj-162	178	8	of	of	ADP
emaj-162	178	9	umoren	umoren	PROPN
emaj-162	178	10	and	and	CCONJ
emaj-162	178	11	olokoyo	olokoyo	PROPN
emaj-162	178	12	(	(	PUNCT
emaj-162	178	13	2008	2008	NUM
emaj-162	178	14	)	)	PUNCT
emaj-162	178	15	.	.	PUNCT
emaj-162	179	1	however	however	ADV
emaj-162	179	2	,	,	PUNCT
emaj-162	179	3	credit	credit	NOUN
emaj-162	179	4	risk	risk	NOUN
emaj-162	179	5	generated	generate	VERB
emaj-162	179	6	a	a	DET
emaj-162	179	7	negative	negative	ADJ
emaj-162	179	8	result	result	NOUN
emaj-162	179	9	in	in	ADP
emaj-162	179	10	both	both	CCONJ
emaj-162	179	11	the	the	DET
emaj-162	179	12	pre	pre	NOUN
emaj-162	179	13	-	-	NOUN
emaj-162	179	14	merger	merger	ADJ
emaj-162	179	15	and	and	CCONJ
emaj-162	179	16	post	post	ADJ
emaj-162	179	17	-	-	ADJ
emaj-162	179	18	merger	merger	ADJ
emaj-162	179	19	periods	period	NOUN
emaj-162	179	20	,	,	PUNCT
emaj-162	179	21	which	which	PRON
emaj-162	179	22	is	be	AUX
emaj-162	179	23	statistically	statistically	ADV
emaj-162	179	24	insignificant	insignificant	ADJ
emaj-162	179	25	to	to	ADP
emaj-162	179	26	the	the	DET
emaj-162	179	27	profitability	profitability	NOUN
emaj-162	179	28	of	of	ADP
emaj-162	179	29	the	the	DET
emaj-162	179	30	bank	bank	NOUN
emaj-162	179	31	.	.	PUNCT
emaj-162	180	1	with	with	ADP
emaj-162	180	2	reference	reference	NOUN
emaj-162	180	3	to	to	ADP
emaj-162	180	4	the	the	DET
emaj-162	180	5	impact	impact	NOUN
emaj-162	180	6	of	of	ADP
emaj-162	180	7	mergers	merger	NOUN
emaj-162	180	8	and	and	CCONJ
emaj-162	180	9	acquisition	acquisition	NOUN
emaj-162	180	10	on	on	ADP
emaj-162	180	11	the	the	DET
emaj-162	180	12	bank	bank	NOUN
emaj-162	180	13	’s	’s	PART
emaj-162	180	14	performance	performance	NOUN
emaj-162	180	15	,	,	PUNCT
emaj-162	180	16	there	there	PRON
emaj-162	180	17	was	be	VERB
emaj-162	180	18	an	an	DET
emaj-162	180	19	increase	increase	NOUN
emaj-162	180	20	in	in	ADP
emaj-162	180	21	post	post	ADJ
emaj-162	180	22	-	-	ADJ
emaj-162	180	23	merger	merger	ADJ
emaj-162	180	24	performance	performance	NOUN
emaj-162	180	25	with	with	ADP
emaj-162	180	26	a	a	DET
emaj-162	180	27	mean	mean	NOUN
emaj-162	180	28	of	of	ADP
emaj-162	180	29	0.309	0.309	NUM
emaj-162	180	30	as	as	ADP
emaj-162	180	31	against	against	ADP
emaj-162	180	32	the	the	DET
emaj-162	180	33	0.293	0.293	NUM
emaj-162	180	34	,	,	PUNCT
emaj-162	180	35	which	which	PRON
emaj-162	180	36	was	be	AUX
emaj-162	180	37	received	receive	VERB
emaj-162	180	38	in	in	ADP
emaj-162	180	39	the	the	DET
emaj-162	180	40	pre	pre	ADJ
emaj-162	180	41	-	-	ADJ
emaj-162	180	42	merger	merger	ADJ
emaj-162	180	43	period	period	NOUN
emaj-162	180	44	in	in	ADP
emaj-162	180	45	table	table	NOUN
emaj-162	180	46	1	1	NUM
emaj-162	180	47	.	.	PUNCT
emaj-162	181	1	the	the	DET
emaj-162	181	2	improvement	improvement	NOUN
emaj-162	181	3	extends	extend	VERB
emaj-162	181	4	to	to	ADP
emaj-162	181	5	asset	asset	NOUN
emaj-162	181	6	profile	profile	NOUN
emaj-162	181	7	in	in	ADP
emaj-162	181	8	table	table	NOUN
emaj-162	181	9	1	1	NUM
emaj-162	181	10	with	with	ADP
emaj-162	181	11	a	a	DET
emaj-162	181	12	post	post	ADJ
emaj-162	181	13	-	-	ADJ
emaj-162	181	14	merger	merger	ADJ
emaj-162	181	15	mean	mean	NOUN
emaj-162	181	16	of	of	ADP
emaj-162	181	17	0.278	0.278	NUM
emaj-162	181	18	,	,	PUNCT
emaj-162	181	19	vis	vis	X
emaj-162	181	20	-	-	PUNCT
emaj-162	181	21	à	à	X
emaj-162	181	22	-	-	PUNCT
emaj-162	181	23	vis	vis	X
emaj-162	181	24	0.274	0.274	NUM
emaj-162	181	25	of	of	ADP
emaj-162	181	26	the	the	DET
emaj-162	181	27	pre	pre	ADJ
emaj-162	181	28	-	-	ADJ
emaj-162	181	29	merger	merger	ADJ
emaj-162	181	30	period	period	NOUN
emaj-162	181	31	.	.	PUNCT
emaj-162	182	1	further	far	ADV
emaj-162	182	2	,	,	PUNCT
emaj-162	182	3	in	in	ADP
emaj-162	182	4	table	table	NOUN
emaj-162	182	5	1	1	NUM
emaj-162	182	6	the	the	DET
emaj-162	182	7	mean	mean	NOUN
emaj-162	182	8	of	of	ADP
emaj-162	182	9	the	the	DET
emaj-162	182	10	size	size	NOUN
emaj-162	182	11	of	of	ADP
emaj-162	182	12	the	the	DET
emaj-162	182	13	bank	bank	NOUN
emaj-162	182	14	increased	increase	VERB
emaj-162	182	15	to	to	ADP
emaj-162	182	16	5.417	5.417	NUM
emaj-162	182	17	in	in	ADP
emaj-162	182	18	the	the	DET
emaj-162	182	19	post	post	ADJ
emaj-162	182	20	-	-	ADJ
emaj-162	182	21	merger	merger	ADJ
emaj-162	182	22	period	period	NOUN
emaj-162	182	23	,	,	PUNCT
emaj-162	182	24	from	from	ADP
emaj-162	182	25	the	the	DET
emaj-162	182	26	pre	pre	ADJ
emaj-162	182	27	-	-	ADJ
emaj-162	182	28	merger	merger	ADJ
emaj-162	182	29	value	value	NOUN
emaj-162	182	30	of	of	ADP
emaj-162	182	31	5.061	5.061	NUM
emaj-162	182	32	.	.	PUNCT
emaj-162	183	1	this	this	PRON
emaj-162	183	2	confirms	confirm	VERB
emaj-162	183	3	the	the	DET
emaj-162	183	4	argument	argument	NOUN
emaj-162	183	5	that	that	SCONJ
emaj-162	183	6	,	,	PUNCT
emaj-162	183	7	size	size	NOUN
emaj-162	183	8	is	be	AUX
emaj-162	183	9	a	a	DET
emaj-162	183	10	valid	valid	ADJ
emaj-162	183	11	rationale	rationale	NOUN
emaj-162	183	12	in	in	ADP
emaj-162	183	13	the	the	DET
emaj-162	183	14	choice	choice	NOUN
emaj-162	183	15	of	of	ADP
emaj-162	183	16	mergers	merger	NOUN
emaj-162	183	17	and	and	CCONJ
emaj-162	183	18	acquisition	acquisition	NOUN
emaj-162	183	19	as	as	ADP
emaj-162	183	20	a	a	DET
emaj-162	183	21	means	means	NOUN
emaj-162	183	22	of	of	ADP
emaj-162	183	23	external	external	ADJ
emaj-162	183	24	growth	growth	NOUN
emaj-162	183	25	(	(	PUNCT
emaj-162	183	26	bernard	bernard	PROPN
emaj-162	183	27	et	et	PROPN
emaj-162	183	28	al	al	PROPN
emaj-162	183	29	,	,	PUNCT
emaj-162	183	30	2010	2010	NUM
emaj-162	183	31	)	)	PUNCT
emaj-162	183	32	.	.	PUNCT
emaj-162	184	1	in	in	ADP
emaj-162	184	2	addition	addition	NOUN
emaj-162	184	3	,	,	PUNCT
emaj-162	184	4	there	there	PRON
emaj-162	184	5	was	be	VERB
emaj-162	184	6	a	a	DET
emaj-162	184	7	significant	significant	ADJ
emaj-162	184	8	improvement	improvement	NOUN
emaj-162	184	9	in	in	ADP
emaj-162	184	10	the	the	DET
emaj-162	184	11	capital	capital	NOUN
emaj-162	184	12	adequacy	adequacy	NOUN
emaj-162	184	13	ratio	ratio	NOUN
emaj-162	184	14	of	of	ADP
emaj-162	184	15	the	the	DET
emaj-162	184	16	bank	bank	NOUN
emaj-162	184	17	,	,	PUNCT
emaj-162	184	18	as	as	SCONJ
emaj-162	184	19	the	the	DET
emaj-162	184	20	post	post	ADJ
emaj-162	184	21	-	-	ADJ
emaj-162	184	22	merger	merger	ADJ
emaj-162	184	23	ratio	ratio	NOUN
emaj-162	184	24	rose	rise	VERB
emaj-162	184	25	to	to	ADP
emaj-162	184	26	0.772	0.772	NUM
emaj-162	184	27	from	from	ADP
emaj-162	184	28	a	a	DET
emaj-162	184	29	pre	pre	ADJ
emaj-162	184	30	-	-	ADJ
emaj-162	184	31	merger	merger	ADJ
emaj-162	184	32	ratio	ratio	NOUN
emaj-162	184	33	of	of	ADP
emaj-162	184	34	0.079	0.079	NUM
emaj-162	184	35	.	.	PUNCT
emaj-162	185	1	this	this	PRON
emaj-162	185	2	reflects	reflect	VERB
emaj-162	185	3	an	an	DET
emaj-162	185	4	increase	increase	NOUN
emaj-162	185	5	in	in	ADP
emaj-162	185	6	the	the	DET
emaj-162	185	7	equity	equity	NOUN
emaj-162	185	8	capital	capital	NOUN
emaj-162	185	9	of	of	ADP
emaj-162	185	10	the	the	DET
emaj-162	185	11	bank	bank	NOUN
emaj-162	185	12	propelled	propel	VERB
emaj-162	185	13	by	by	ADP
emaj-162	185	14	regulations	regulation	NOUN
emaj-162	185	15	and	and	CCONJ
emaj-162	185	16	bank	bank	NOUN
emaj-162	185	17	policy	policy	NOUN
emaj-162	185	18	.	.	PUNCT
emaj-162	186	1	in	in	ADP
emaj-162	186	2	line	line	NOUN
emaj-162	186	3	,	,	PUNCT
emaj-162	186	4	the	the	DET
emaj-162	186	5	rise	rise	NOUN
emaj-162	186	6	in	in	ADP
emaj-162	186	7	the	the	DET
emaj-162	186	8	asset	asset	NOUN
emaj-162	186	9	risk	risk	NOUN
emaj-162	186	10	ratio	ratio	NOUN
emaj-162	186	11	in	in	ADP
emaj-162	186	12	table	table	NOUN
emaj-162	186	13	1	1	NUM
emaj-162	186	14	of	of	ADP
emaj-162	186	15	the	the	DET
emaj-162	186	16	post	post	NOUN
emaj-162	186	17	-	-	NOUN
emaj-162	186	18	merger	merger	ADJ
emaj-162	186	19	(	(	PUNCT
emaj-162	186	20	0.761>0.098	0.761>0.098	NUM
emaj-162	186	21	)	)	PUNCT
emaj-162	186	22	is	be	AUX
emaj-162	186	23	a	a	DET
emaj-162	186	24	pointer	pointer	NOUN
emaj-162	186	25	that	that	PRON
emaj-162	186	26	the	the	DET
emaj-162	186	27	merger	merger	NOUN
emaj-162	186	28	improved	improve	VERB
emaj-162	186	29	the	the	DET
emaj-162	186	30	risk	risk	NOUN
emaj-162	186	31	profile	profile	NOUN
emaj-162	186	32	of	of	ADP
emaj-162	186	33	the	the	DET
emaj-162	186	34	bank	bank	NOUN
emaj-162	186	35	.	.	PUNCT
emaj-162	187	1	furthermore	furthermore	ADV
emaj-162	187	2	,	,	PUNCT
emaj-162	187	3	the	the	DET
emaj-162	187	4	cost	cost	NOUN
emaj-162	187	5	control	control	NOUN
emaj-162	187	6	ratio	ratio	NOUN
emaj-162	187	7	recorded	record	VERB
emaj-162	187	8	a	a	DET
emaj-162	187	9	lower	low	ADJ
emaj-162	187	10	ratio	ratio	NOUN
emaj-162	187	11	in	in	ADP
emaj-162	187	12	the	the	DET
emaj-162	187	13	post	post	ADJ
emaj-162	187	14	-	-	ADJ
emaj-162	187	15	merger	merger	ADJ
emaj-162	187	16	period	period	NOUN
emaj-162	187	17	(	(	PUNCT
emaj-162	187	18	0.541<0.541	0.541<0.541	NUM
emaj-162	187	19	)	)	PUNCT
emaj-162	187	20	in	in	ADP
emaj-162	187	21	table	table	NOUN
emaj-162	187	22	1	1	NUM
emaj-162	187	23	,	,	PUNCT
emaj-162	187	24	which	which	PRON
emaj-162	187	25	is	be	AUX
emaj-162	187	26	an	an	DET
emaj-162	187	27	indicator	indicator	NOUN
emaj-162	187	28	that	that	PRON
emaj-162	187	29	uba	uba	PROPN
emaj-162	187	30	has	have	AUX
emaj-162	187	31	amassed	amass	VERB
emaj-162	187	32	the	the	DET
emaj-162	187	33	benefits	benefit	NOUN
emaj-162	187	34	of	of	ADP
emaj-162	187	35	economies	economy	NOUN
emaj-162	187	36	of	of	ADP
emaj-162	187	37	scale	scale	NOUN
emaj-162	187	38	resulting	result	VERB
emaj-162	187	39	from	from	ADP
emaj-162	187	40	a	a	DET
emaj-162	187	41	combination	combination	NOUN
emaj-162	187	42	of	of	ADP
emaj-162	187	43	strategic	strategic	ADJ
emaj-162	187	44	similarities	similarity	NOUN
emaj-162	187	45	and	and	CCONJ
emaj-162	187	46	geared	gear	VERB
emaj-162	187	47	toward	toward	ADP
emaj-162	187	48	a	a	DET
emaj-162	187	49	reduction	reduction	NOUN
emaj-162	187	50	in	in	ADP
emaj-162	187	51	costs	cost	NOUN
emaj-162	187	52	.	.	PUNCT
emaj-162	188	1	likewise	likewise	ADV
emaj-162	188	2	,	,	PUNCT
emaj-162	188	3	in	in	ADP
emaj-162	188	4	table	table	NOUN
emaj-162	188	5	1	1	NUM
emaj-162	188	6	there	there	PRON
emaj-162	188	7	was	be	VERB
emaj-162	188	8	a	a	DET
emaj-162	188	9	decrease	decrease	NOUN
emaj-162	188	10	in	in	ADP
emaj-162	188	11	the	the	DET
emaj-162	188	12	liquidity	liquidity	NOUN
emaj-162	188	13	risk	risk	NOUN
emaj-162	188	14	of	of	ADP
emaj-162	188	15	the	the	DET
emaj-162	188	16	bank	bank	NOUN
emaj-162	188	17	in	in	ADP
emaj-162	188	18	the	the	DET
emaj-162	188	19	post	post	ADJ
emaj-162	188	20	-	-	ADJ
emaj-162	188	21	merger	merger	ADJ
emaj-162	188	22	period	period	NOUN
emaj-162	188	23	in	in	ADP
emaj-162	188	24	comparison	comparison	NOUN
emaj-162	188	25	with	with	ADP
emaj-162	188	26	the	the	DET
emaj-162	188	27	pre	pre	ADJ
emaj-162	188	28	-	-	ADJ
emaj-162	188	29	merger	merger	ADJ
emaj-162	188	30	period	period	NOUN
emaj-162	188	31	(	(	PUNCT
emaj-162	188	32	0.389<0.508	0.389<0.508	NUM
emaj-162	188	33	)	)	PUNCT
emaj-162	188	34	,	,	PUNCT
emaj-162	188	35	which	which	PRON
emaj-162	188	36	shows	show	VERB
emaj-162	188	37	that	that	SCONJ
emaj-162	188	38	the	the	DET
emaj-162	188	39	bank	bank	NOUN
emaj-162	188	40	has	have	AUX
emaj-162	188	41	reduced	reduce	VERB
emaj-162	188	42	its	its	PRON
emaj-162	188	43	default	default	NOUN
emaj-162	188	44	risk	risk	NOUN
emaj-162	188	45	to	to	ADP
emaj-162	188	46	the	the	DET
emaj-162	188	47	barest	bare	ADJ
emaj-162	188	48	minimum	minimum	NOUN
emaj-162	188	49	.	.	PUNCT
emaj-162	189	1	however	however	ADV
emaj-162	189	2	,	,	PUNCT
emaj-162	189	3	volume	volume	NOUN
emaj-162	189	4	9	9	NUM
emaj-162	189	5	no	no	DET
emaj-162	189	6	1	1	NUM
emaj-162	189	7	(	(	PUNCT
emaj-162	189	8	2019	2019	NUM
emaj-162	189	9	)	)	PUNCT
emaj-162	189	10	|	|	ADV
emaj-162	189	11	issn	issn	VERB
emaj-162	189	12	2158	2158	NUM
emaj-162	189	13	-	-	SYM
emaj-162	189	14	8708	8708	NUM
emaj-162	189	15	(	(	PUNCT
emaj-162	189	16	online	online	NOUN
emaj-162	189	17	)	)	PUNCT
emaj-162	189	18	|	|	ADV
emaj-162	189	19	doi	doi	X
emaj-162	189	20	10.5195	10.5195	NUM
emaj-162	189	21	/	/	SYM
emaj-162	189	22	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	190	1	|	|	ADV
emaj-162	190	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-162	190	3	tarila	tarila	NOUN
emaj-162	190	4	boloupremo	boloupremo	NOUN
emaj-162	190	5	,	,	PUNCT
emaj-162	190	6	samson	samson	PROPN
emaj-162	190	7	ogege	ogege	NOUN
emaj-162	190	8	emerging	emerge	VERB
emaj-162	190	9	markets	market	NOUN
emaj-162	190	10	journal	journal	NOUN
emaj-162	191	1	|	|	ADV
emaj-162	191	2	p	p	NOUN
emaj-162	191	3	a	a	DET
emaj-162	191	4	g	g	NOUN
emaj-162	191	5	e	e	NOUN
emaj-162	191	6	4	4	NUM
emaj-162	191	7	1	1	NUM
emaj-162	191	8	in	in	ADP
emaj-162	191	9	terms	term	NOUN
emaj-162	191	10	of	of	ADP
emaj-162	191	11	asset	asset	NOUN
emaj-162	191	12	profile	profile	NOUN
emaj-162	191	13	,	,	PUNCT
emaj-162	191	14	the	the	DET
emaj-162	191	15	increase	increase	NOUN
emaj-162	191	16	in	in	ADP
emaj-162	191	17	the	the	DET
emaj-162	191	18	post	post	ADJ
emaj-162	191	19	-	-	ADJ
emaj-162	191	20	merger	merger	ADJ
emaj-162	191	21	loan	loan	NOUN
emaj-162	191	22	to	to	ADP
emaj-162	191	23	asset	asset	NOUN
emaj-162	191	24	ratio	ratio	NOUN
emaj-162	191	25	by	by	ADP
emaj-162	191	26	0.004	0.004	NUM
emaj-162	191	27	shows	show	VERB
emaj-162	191	28	that	that	SCONJ
emaj-162	191	29	the	the	DET
emaj-162	191	30	risk	risk	NOUN
emaj-162	191	31	profile	profile	NOUN
emaj-162	191	32	of	of	ADP
emaj-162	191	33	the	the	DET
emaj-162	191	34	bank	bank	NOUN
emaj-162	191	35	has	have	AUX
emaj-162	191	36	changed	change	VERB
emaj-162	191	37	and	and	CCONJ
emaj-162	191	38	the	the	DET
emaj-162	191	39	management	management	NOUN
emaj-162	191	40	extends	extend	VERB
emaj-162	191	41	more	more	ADJ
emaj-162	191	42	loans	loan	NOUN
emaj-162	191	43	to	to	ADP
emaj-162	191	44	customers	customer	NOUN
emaj-162	191	45	.	.	PUNCT
emaj-162	192	1	the	the	DET
emaj-162	192	2	result	result	NOUN
emaj-162	192	3	obtained	obtain	VERB
emaj-162	192	4	in	in	ADP
emaj-162	192	5	asset	asset	NOUN
emaj-162	192	6	profile	profile	NOUN
emaj-162	192	7	contradicts	contradict	VERB
emaj-162	192	8	the	the	DET
emaj-162	192	9	findings	finding	NOUN
emaj-162	192	10	of	of	ADP
emaj-162	192	11	altunbas	altunbas	PROPN
emaj-162	192	12	and	and	CCONJ
emaj-162	192	13	marques	marques	PROPN
emaj-162	192	14	(	(	PUNCT
emaj-162	192	15	2000	2000	NUM
emaj-162	192	16	)	)	PUNCT
emaj-162	192	17	.	.	PUNCT
emaj-162	193	1	they	they	PRON
emaj-162	193	2	had	have	AUX
emaj-162	193	3	argued	argue	VERB
emaj-162	193	4	that	that	SCONJ
emaj-162	193	5	in	in	ADP
emaj-162	193	6	asset	asset	NOUN
emaj-162	193	7	profile	profile	NOUN
emaj-162	193	8	,	,	PUNCT
emaj-162	193	9	a	a	DET
emaj-162	193	10	lower	low	ADJ
emaj-162	193	11	performance	performance	NOUN
emaj-162	193	12	was	be	AUX
emaj-162	193	13	expected	expect	VERB
emaj-162	193	14	due	due	ADP
emaj-162	193	15	to	to	ADP
emaj-162	193	16	conflicts	conflict	NOUN
emaj-162	193	17	arising	arise	VERB
emaj-162	193	18	from	from	ADP
emaj-162	193	19	managerial	managerial	ADJ
emaj-162	193	20	disparities	disparity	NOUN
emaj-162	193	21	on	on	ADP
emaj-162	193	22	asset	asset	NOUN
emaj-162	193	23	composition	composition	NOUN
emaj-162	193	24	.	.	PUNCT
emaj-162	194	1	contrary	contrary	ADJ
emaj-162	194	2	to	to	ADP
emaj-162	194	3	the	the	DET
emaj-162	194	4	prediction	prediction	NOUN
emaj-162	194	5	,	,	PUNCT
emaj-162	194	6	asset	asset	NOUN
emaj-162	194	7	profile	profile	NOUN
emaj-162	194	8	was	be	AUX
emaj-162	194	9	positive	positive	ADJ
emaj-162	194	10	and	and	CCONJ
emaj-162	194	11	higher	high	ADJ
emaj-162	194	12	in	in	ADP
emaj-162	194	13	the	the	DET
emaj-162	194	14	post	post	ADJ
emaj-162	194	15	-	-	ADJ
emaj-162	194	16	merger	merger	ADJ
emaj-162	194	17	period	period	NOUN
emaj-162	194	18	as	as	ADP
emaj-162	194	19	against	against	ADP
emaj-162	194	20	the	the	DET
emaj-162	194	21	negative	negative	ADJ
emaj-162	194	22	,	,	PUNCT
emaj-162	194	23	and	and	CCONJ
emaj-162	194	24	negative	negative	ADJ
emaj-162	194	25	results	result	NOUN
emaj-162	194	26	in	in	ADP
emaj-162	194	27	table	table	NOUN
emaj-162	194	28	2	2	NUM
emaj-162	194	29	was	be	AUX
emaj-162	194	30	received	receive	VERB
emaj-162	194	31	in	in	ADP
emaj-162	194	32	the	the	DET
emaj-162	194	33	pre	pre	ADJ
emaj-162	194	34	-	-	ADJ
emaj-162	194	35	merger	merger	ADJ
emaj-162	194	36	period	period	NOUN
emaj-162	194	37	(	(	PUNCT
emaj-162	194	38	0.0088801	0.0088801	NUM
emaj-162	194	39	>	>	SYM
emaj-162	194	40	0.207261	0.207261	NUM
emaj-162	194	41	)	)	PUNCT
emaj-162	194	42	.	.	PUNCT
emaj-162	195	1	this	this	PRON
emaj-162	195	2	shows	show	VERB
emaj-162	195	3	that	that	SCONJ
emaj-162	195	4	,	,	PUNCT
emaj-162	195	5	uba	uba	PROPN
emaj-162	195	6	adopted	adopt	VERB
emaj-162	195	7	an	an	DET
emaj-162	195	8	expansionary	expansionary	ADJ
emaj-162	195	9	policy	policy	NOUN
emaj-162	195	10	in	in	ADP
emaj-162	195	11	generating	generate	VERB
emaj-162	195	12	return	return	NOUN
emaj-162	195	13	and	and	CCONJ
emaj-162	195	14	improvement	improvement	NOUN
emaj-162	195	15	in	in	ADP
emaj-162	195	16	credit	credit	NOUN
emaj-162	195	17	management	management	NOUN
emaj-162	195	18	(	(	PUNCT
emaj-162	195	19	rawasmy	rawasmy	ADJ
emaj-162	195	20	,	,	PUNCT
emaj-162	195	21	1997	1997	NUM
emaj-162	195	22	)	)	PUNCT
emaj-162	195	23	.	.	PUNCT
emaj-162	196	1	however	however	ADV
emaj-162	196	2	;	;	PUNCT
emaj-162	196	3	the	the	DET
emaj-162	196	4	result	result	NOUN
emaj-162	196	5	obtained	obtain	VERB
emaj-162	196	6	is	be	AUX
emaj-162	196	7	not	not	PART
emaj-162	196	8	statistically	statistically	ADV
emaj-162	196	9	significant	significant	ADJ
emaj-162	196	10	to	to	ADP
emaj-162	196	11	the	the	DET
emaj-162	196	12	profitability	profitability	NOUN
emaj-162	196	13	of	of	ADP
emaj-162	196	14	the	the	DET
emaj-162	196	15	bank	bank	NOUN
emaj-162	196	16	.	.	PUNCT
emaj-162	197	1	the	the	DET
emaj-162	197	2	capital	capital	NOUN
emaj-162	197	3	structure	structure	NOUN
emaj-162	197	4	is	be	AUX
emaj-162	197	5	a	a	DET
emaj-162	197	6	tool	tool	NOUN
emaj-162	197	7	used	use	VERB
emaj-162	197	8	by	by	ADP
emaj-162	197	9	the	the	DET
emaj-162	197	10	management	management	NOUN
emaj-162	197	11	of	of	ADP
emaj-162	197	12	the	the	DET
emaj-162	197	13	bank	bank	NOUN
emaj-162	197	14	to	to	PART
emaj-162	197	15	signal	signal	VERB
emaj-162	197	16	a	a	DET
emaj-162	197	17	favorable	favorable	ADJ
emaj-162	197	18	asset	asset	NOUN
emaj-162	197	19	profile	profile	NOUN
emaj-162	197	20	and	and	CCONJ
emaj-162	197	21	in	in	ADP
emaj-162	197	22	the	the	DET
emaj-162	197	23	pre	pre	ADJ
emaj-162	197	24	-	-	ADJ
emaj-162	197	25	merger	merger	ADJ
emaj-162	197	26	period	period	NOUN
emaj-162	197	27	,	,	PUNCT
emaj-162	197	28	capital	capital	NOUN
emaj-162	197	29	structure	structure	NOUN
emaj-162	197	30	was	be	AUX
emaj-162	197	31	statistically	statistically	ADV
emaj-162	197	32	significant	significant	ADJ
emaj-162	197	33	to	to	ADP
emaj-162	197	34	the	the	DET
emaj-162	197	35	profitability	profitability	NOUN
emaj-162	197	36	of	of	ADP
emaj-162	197	37	the	the	DET
emaj-162	197	38	banks	bank	NOUN
emaj-162	197	39	at	at	ADP
emaj-162	197	40	5	5	NUM
emaj-162	197	41	%	%	NOUN
emaj-162	197	42	.	.	PUNCT
emaj-162	198	1	but	but	CCONJ
emaj-162	198	2	in	in	ADP
emaj-162	198	3	the	the	DET
emaj-162	198	4	post	post	ADJ
emaj-162	198	5	-	-	ADJ
emaj-162	198	6	merger	merger	ADJ
emaj-162	198	7	period	period	NOUN
emaj-162	198	8	,	,	PUNCT
emaj-162	198	9	though	though	SCONJ
emaj-162	198	10	the	the	DET
emaj-162	198	11	result	result	NOUN
emaj-162	198	12	is	be	AUX
emaj-162	198	13	positive	positive	ADJ
emaj-162	198	14	,	,	PUNCT
emaj-162	198	15	it	it	PRON
emaj-162	198	16	is	be	AUX
emaj-162	198	17	not	not	PART
emaj-162	198	18	significant	significant	ADJ
emaj-162	198	19	and	and	CCONJ
emaj-162	198	20	does	do	AUX
emaj-162	198	21	not	not	PART
emaj-162	198	22	affect	affect	VERB
emaj-162	198	23	financial	financial	ADJ
emaj-162	198	24	performance	performance	NOUN
emaj-162	198	25	.	.	PUNCT
emaj-162	199	1	similarly	similarly	ADV
emaj-162	199	2	,	,	PUNCT
emaj-162	199	3	liquidity	liquidity	NOUN
emaj-162	199	4	risk	risk	NOUN
emaj-162	199	5	refers	refer	VERB
emaj-162	199	6	to	to	ADP
emaj-162	199	7	the	the	DET
emaj-162	199	8	bank	bank	NOUN
emaj-162	199	9	’s	’s	PART
emaj-162	199	10	attitude	attitude	NOUN
emaj-162	199	11	towards	towards	ADP
emaj-162	199	12	managing	manage	VERB
emaj-162	199	13	solvency	solvency	NOUN
emaj-162	199	14	.	.	PUNCT
emaj-162	200	1	the	the	DET
emaj-162	200	2	reason	reason	NOUN
emaj-162	200	3	is	be	AUX
emaj-162	200	4	that	that	SCONJ
emaj-162	200	5	,	,	PUNCT
emaj-162	200	6	pursuing	pursue	VERB
emaj-162	200	7	a	a	DET
emaj-162	200	8	tolerant	tolerant	ADJ
emaj-162	200	9	liquidity	liquidity	NOUN
emaj-162	200	10	ratio	ratio	NOUN
emaj-162	200	11	could	could	AUX
emaj-162	200	12	be	be	AUX
emaj-162	200	13	costly	costly	ADJ
emaj-162	200	14	.	.	PUNCT
emaj-162	201	1	uba	uba	PROPN
emaj-162	201	2	pursues	pursue	VERB
emaj-162	201	3	a	a	DET
emaj-162	201	4	policy	policy	NOUN
emaj-162	201	5	that	that	PRON
emaj-162	201	6	would	would	AUX
emaj-162	201	7	improve	improve	VERB
emaj-162	201	8	the	the	DET
emaj-162	201	9	earnings	earning	NOUN
emaj-162	201	10	of	of	ADP
emaj-162	201	11	the	the	DET
emaj-162	201	12	bank	bank	NOUN
emaj-162	201	13	and	and	CCONJ
emaj-162	201	14	this	this	PRON
emaj-162	201	15	explains	explain	VERB
emaj-162	201	16	the	the	DET
emaj-162	201	17	significance	significance	NOUN
emaj-162	201	18	of	of	ADP
emaj-162	201	19	the	the	DET
emaj-162	201	20	liquidity	liquidity	NOUN
emaj-162	201	21	risk	risk	NOUN
emaj-162	201	22	at	at	ADP
emaj-162	201	23	10	10	NUM
emaj-162	201	24	%	%	NOUN
emaj-162	201	25	in	in	ADP
emaj-162	201	26	the	the	DET
emaj-162	201	27	pre	pre	ADJ
emaj-162	201	28	-	-	ADJ
emaj-162	201	29	merger	merger	ADJ
emaj-162	201	30	period	period	NOUN
emaj-162	201	31	and	and	CCONJ
emaj-162	201	32	a	a	DET
emaj-162	201	33	negative	negative	ADJ
emaj-162	201	34	result	result	NOUN
emaj-162	201	35	in	in	ADP
emaj-162	201	36	the	the	DET
emaj-162	201	37	post	post	NOUN
emaj-162	201	38	-	-	NOUN
emaj-162	201	39	merger	merger	NOUN
emaj-162	201	40	which	which	PRON
emaj-162	201	41	bears	bear	VERB
emaj-162	201	42	no	no	DET
emaj-162	201	43	significance	significance	NOUN
emaj-162	201	44	to	to	ADP
emaj-162	201	45	the	the	DET
emaj-162	201	46	performance	performance	NOUN
emaj-162	201	47	of	of	ADP
emaj-162	201	48	the	the	DET
emaj-162	201	49	bank	bank	NOUN
emaj-162	201	50	in	in	ADP
emaj-162	201	51	table	table	NOUN
emaj-162	201	52	2	2	NUM
emaj-162	201	53	.	.	PUNCT
emaj-162	202	1	furthermore	furthermore	ADV
emaj-162	202	2	,	,	PUNCT
emaj-162	202	3	the	the	DET
emaj-162	202	4	result	result	NOUN
emaj-162	202	5	on	on	ADP
emaj-162	202	6	size	size	NOUN
emaj-162	202	7	shows	show	VERB
emaj-162	202	8	that	that	SCONJ
emaj-162	202	9	the	the	DET
emaj-162	202	10	size	size	NOUN
emaj-162	202	11	of	of	ADP
emaj-162	202	12	the	the	DET
emaj-162	202	13	bank	bank	NOUN
emaj-162	202	14	plays	play	VERB
emaj-162	202	15	an	an	DET
emaj-162	202	16	important	important	ADJ
emaj-162	202	17	role	role	NOUN
emaj-162	202	18	in	in	ADP
emaj-162	202	19	the	the	DET
emaj-162	202	20	financial	financial	ADJ
emaj-162	202	21	performance	performance	NOUN
emaj-162	202	22	of	of	ADP
emaj-162	202	23	uba	uba	PROPN
emaj-162	202	24	.	.	PUNCT
emaj-162	203	1	both	both	CCONJ
emaj-162	203	2	the	the	DET
emaj-162	203	3	pre	pre	NOUN
emaj-162	203	4	-	-	NOUN
emaj-162	203	5	merger	merger	NOUN
emaj-162	203	6	and	and	CCONJ
emaj-162	203	7	postmerger	postmerger	NOUN
emaj-162	203	8	results	result	VERB
emaj-162	203	9	on	on	ADP
emaj-162	203	10	size	size	NOUN
emaj-162	203	11	show	show	VERB
emaj-162	203	12	that	that	DET
emaj-162	203	13	size	size	NOUN
emaj-162	203	14	has	have	VERB
emaj-162	203	15	a	a	DET
emaj-162	203	16	10	10	NUM
emaj-162	203	17	%	%	NOUN
emaj-162	203	18	statistical	statistical	ADJ
emaj-162	203	19	significance	significance	NOUN
emaj-162	203	20	on	on	ADP
emaj-162	203	21	the	the	DET
emaj-162	203	22	financial	financial	ADJ
emaj-162	203	23	performance	performance	NOUN
emaj-162	203	24	of	of	ADP
emaj-162	203	25	uba	uba	PROPN
emaj-162	203	26	in	in	ADP
emaj-162	203	27	table	table	NOUN
emaj-162	203	28	2	2	NUM
emaj-162	203	29	.	.	PUNCT
emaj-162	204	1	this	this	PRON
emaj-162	204	2	is	be	AUX
emaj-162	204	3	in	in	ADP
emaj-162	204	4	line	line	NOUN
emaj-162	204	5	with	with	ADP
emaj-162	204	6	the	the	DET
emaj-162	204	7	findings	finding	NOUN
emaj-162	204	8	of	of	ADP
emaj-162	204	9	altunbas	altunbas	PROPN
emaj-162	204	10	and	and	CCONJ
emaj-162	204	11	ibanez	ibanez	PROPN
emaj-162	204	12	(	(	PUNCT
emaj-162	204	13	2004	2004	NUM
emaj-162	204	14	)	)	PUNCT
emaj-162	204	15	.	.	PUNCT
emaj-162	205	1	finally	finally	ADV
emaj-162	205	2	,	,	PUNCT
emaj-162	205	3	the	the	DET
emaj-162	205	4	cost	cost	NOUN
emaj-162	205	5	control	control	NOUN
emaj-162	205	6	variable	variable	NOUN
emaj-162	205	7	which	which	PRON
emaj-162	205	8	emphasizes	emphasize	VERB
emaj-162	205	9	the	the	DET
emaj-162	205	10	minimization	minimization	NOUN
emaj-162	205	11	of	of	ADP
emaj-162	205	12	cost	cost	NOUN
emaj-162	205	13	by	by	ADP
emaj-162	205	14	relating	relate	VERB
emaj-162	205	15	expenditure	expenditure	NOUN
emaj-162	205	16	to	to	ADP
emaj-162	205	17	earnings	earning	NOUN
emaj-162	205	18	is	be	AUX
emaj-162	205	19	predicated	predicate	VERB
emaj-162	205	20	on	on	ADP
emaj-162	205	21	the	the	DET
emaj-162	205	22	premise	premise	NOUN
emaj-162	205	23	that	that	SCONJ
emaj-162	205	24	firms	firm	NOUN
emaj-162	205	25	competing	compete	VERB
emaj-162	205	26	on	on	ADP
emaj-162	205	27	the	the	DET
emaj-162	205	28	basis	basis	NOUN
emaj-162	205	29	of	of	ADP
emaj-162	205	30	low	low	ADJ
emaj-162	205	31	cost	cost	NOUN
emaj-162	205	32	is	be	AUX
emaj-162	205	33	expected	expect	VERB
emaj-162	205	34	to	to	PART
emaj-162	205	35	benefit	benefit	VERB
emaj-162	205	36	from	from	ADP
emaj-162	205	37	merging	merge	VERB
emaj-162	205	38	with	with	ADP
emaj-162	205	39	one	one	NUM
emaj-162	205	40	another	another	DET
emaj-162	205	41	(	(	PUNCT
emaj-162	205	42	bollenbacher	bollenbacher	NOUN
emaj-162	205	43	,	,	PUNCT
emaj-162	205	44	1995	1995	NUM
emaj-162	205	45	)	)	PUNCT
emaj-162	205	46	.	.	PUNCT
emaj-162	206	1	hence	hence	ADV
emaj-162	206	2	,	,	PUNCT
emaj-162	206	3	in	in	ADP
emaj-162	206	4	the	the	DET
emaj-162	206	5	post	post	ADJ
emaj-162	206	6	-	-	ADJ
emaj-162	206	7	merger	merger	ADJ
emaj-162	206	8	period	period	NOUN
emaj-162	206	9	,	,	PUNCT
emaj-162	206	10	cost	cost	NOUN
emaj-162	206	11	control	control	NOUN
emaj-162	206	12	is	be	AUX
emaj-162	206	13	negative	negative	ADJ
emaj-162	206	14	and	and	CCONJ
emaj-162	206	15	is	be	AUX
emaj-162	206	16	statistically	statistically	ADV
emaj-162	206	17	significant	significant	ADJ
emaj-162	206	18	to	to	ADP
emaj-162	206	19	the	the	DET
emaj-162	206	20	financial	financial	ADJ
emaj-162	206	21	performance	performance	NOUN
emaj-162	206	22	of	of	ADP
emaj-162	206	23	the	the	DET
emaj-162	206	24	post	post	ADJ
emaj-162	206	25	-	-	ADJ
emaj-162	206	26	merger	merger	ADJ
emaj-162	206	27	period	period	NOUN
emaj-162	206	28	in	in	ADP
emaj-162	206	29	table	table	NOUN
emaj-162	206	30	2	2	NUM
emaj-162	206	31	.	.	PUNCT
emaj-162	207	1	this	this	PRON
emaj-162	207	2	shows	show	VERB
emaj-162	207	3	that	that	SCONJ
emaj-162	207	4	the	the	DET
emaj-162	207	5	management	management	NOUN
emaj-162	207	6	of	of	ADP
emaj-162	207	7	uba	uba	PROPN
emaj-162	207	8	embraced	embrace	VERB
emaj-162	207	9	a	a	DET
emaj-162	207	10	low	low	ADJ
emaj-162	207	11	cost	cost	NOUN
emaj-162	207	12	strategy	strategy	NOUN
emaj-162	207	13	,	,	PUNCT
emaj-162	207	14	which	which	PRON
emaj-162	207	15	is	be	AUX
emaj-162	207	16	the	the	DET
emaj-162	207	17	result	result	NOUN
emaj-162	207	18	of	of	ADP
emaj-162	207	19	economies	economy	NOUN
emaj-162	207	20	of	of	ADP
emaj-162	207	21	scale	scale	NOUN
emaj-162	207	22	deriving	derive	VERB
emaj-162	207	23	from	from	ADP
emaj-162	207	24	the	the	DET
emaj-162	207	25	combination	combination	NOUN
emaj-162	207	26	of	of	ADP
emaj-162	207	27	similar	similar	ADJ
emaj-162	207	28	skills	skill	NOUN
emaj-162	207	29	and	and	CCONJ
emaj-162	207	30	technology	technology	NOUN
emaj-162	207	31	.	.	PUNCT
emaj-162	208	1	this	this	DET
emaj-162	208	2	result	result	NOUN
emaj-162	208	3	is	be	AUX
emaj-162	208	4	parallel	parallel	ADJ
emaj-162	208	5	with	with	ADP
emaj-162	208	6	the	the	DET
emaj-162	208	7	findings	finding	NOUN
emaj-162	208	8	of	of	ADP
emaj-162	208	9	umoren	umoren	PROPN
emaj-162	208	10	and	and	CCONJ
emaj-162	208	11	olokoyo	olokoyo	PROPN
emaj-162	208	12	(	(	PUNCT
emaj-162	208	13	2008	2008	NUM
emaj-162	208	14	)	)	PUNCT
emaj-162	208	15	.	.	PUNCT
emaj-162	209	1	vii	vii	PROPN
emaj-162	209	2	.	.	PROPN
emaj-162	209	3	conclusion	conclusion	NOUN
emaj-162	209	4	and	and	CCONJ
emaj-162	209	5	recommendations	recommendation	NOUN
emaj-162	209	6	mergers	merger	NOUN
emaj-162	209	7	and	and	CCONJ
emaj-162	209	8	acquisition	acquisition	NOUN
emaj-162	209	9	have	have	AUX
emaj-162	209	10	been	be	AUX
emaj-162	209	11	noted	note	VERB
emaj-162	209	12	to	to	PART
emaj-162	209	13	be	be	AUX
emaj-162	209	14	the	the	DET
emaj-162	209	15	most	most	ADV
emaj-162	209	16	popular	popular	ADJ
emaj-162	209	17	means	mean	NOUN
emaj-162	209	18	of	of	ADP
emaj-162	209	19	external	external	ADJ
emaj-162	209	20	growth	growth	NOUN
emaj-162	209	21	pursued	pursue	VERB
emaj-162	209	22	by	by	ADP
emaj-162	209	23	financial	financial	ADJ
emaj-162	209	24	institutions	institution	NOUN
emaj-162	209	25	(	(	PUNCT
emaj-162	209	26	adeyemi	adeyemi	ADV
emaj-162	209	27	,	,	PUNCT
emaj-162	209	28	2007	2007	NUM
emaj-162	209	29	)	)	PUNCT
emaj-162	209	30	.	.	PUNCT
emaj-162	210	1	but	but	CCONJ
emaj-162	210	2	,	,	PUNCT
emaj-162	210	3	their	their	PRON
emaj-162	210	4	impact	impact	NOUN
emaj-162	210	5	on	on	ADP
emaj-162	210	6	the	the	DET
emaj-162	210	7	financial	financial	ADJ
emaj-162	210	8	performance	performance	NOUN
emaj-162	210	9	of	of	ADP
emaj-162	210	10	merged	merged	ADJ
emaj-162	210	11	entities	entity	NOUN
emaj-162	210	12	is	be	AUX
emaj-162	210	13	still	still	ADV
emaj-162	210	14	inconclusive	inconclusive	ADJ
emaj-162	210	15	(	(	PUNCT
emaj-162	210	16	bernard	bernard	PROPN
emaj-162	210	17	et	et	PROPN
emaj-162	210	18	al	al	PROPN
emaj-162	210	19	,	,	PUNCT
emaj-162	210	20	2010	2010	NUM
emaj-162	210	21	)	)	PUNCT
emaj-162	210	22	.	.	PUNCT
emaj-162	211	1	however	however	ADV
emaj-162	211	2	,	,	PUNCT
emaj-162	211	3	as	as	SCONJ
emaj-162	211	4	noted	note	VERB
emaj-162	211	5	earlier	early	ADV
emaj-162	211	6	,	,	PUNCT
emaj-162	211	7	the	the	DET
emaj-162	211	8	majority	majority	NOUN
emaj-162	211	9	of	of	ADP
emaj-162	211	10	studies	study	NOUN
emaj-162	211	11	that	that	PRON
emaj-162	211	12	have	have	AUX
emaj-162	211	13	found	find	VERB
emaj-162	211	14	a	a	DET
emaj-162	211	15	negative	negative	ADJ
emaj-162	211	16	relationship	relationship	NOUN
emaj-162	211	17	between	between	ADP
emaj-162	211	18	mergers	merger	NOUN
emaj-162	211	19	and	and	CCONJ
emaj-162	211	20	acquisition	acquisition	NOUN
emaj-162	211	21	,	,	PUNCT
emaj-162	211	22	and	and	CCONJ
emaj-162	211	23	performance	performance	NOUN
emaj-162	211	24	have	have	AUX
emaj-162	211	25	mostly	mostly	ADV
emaj-162	211	26	evaluated	evaluate	VERB
emaj-162	211	27	the	the	DET
emaj-162	211	28	success	success	NOUN
emaj-162	211	29	based	base	VERB
emaj-162	211	30	on	on	ADP
emaj-162	211	31	short	short	ADJ
emaj-162	211	32	-	-	PUNCT
emaj-162	211	33	term	term	NOUN
emaj-162	211	34	changes	change	NOUN
emaj-162	211	35	in	in	ADP
emaj-162	211	36	stock	stock	NOUN
emaj-162	211	37	(	(	PUNCT
emaj-162	211	38	epstein	epstein	PROPN
emaj-162	211	39	,	,	PUNCT
emaj-162	211	40	2005	2005	NUM
emaj-162	211	41	)	)	PUNCT
emaj-162	211	42	.	.	PUNCT
emaj-162	212	1	in	in	ADP
emaj-162	212	2	contrast	contrast	NOUN
emaj-162	212	3	,	,	PUNCT
emaj-162	212	4	this	this	DET
emaj-162	212	5	research	research	NOUN
emaj-162	212	6	argues	argue	VERB
emaj-162	212	7	that	that	SCONJ
emaj-162	212	8	mergers	merger	NOUN
emaj-162	212	9	and	and	CCONJ
emaj-162	212	10	acquisition	acquisition	NOUN
emaj-162	212	11	should	should	AUX
emaj-162	212	12	neither	neither	CCONJ
emaj-162	212	13	be	be	AUX
emaj-162	212	14	undertaken	undertake	VERB
emaj-162	212	15	to	to	PART
emaj-162	212	16	affect	affect	VERB
emaj-162	212	17	these	these	DET
emaj-162	212	18	short	short	ADJ
emaj-162	212	19	-	-	PUNCT
emaj-162	212	20	term	term	NOUN
emaj-162	212	21	changes	change	NOUN
emaj-162	212	22	,	,	PUNCT
emaj-162	212	23	nor	nor	CCONJ
emaj-162	212	24	be	be	AUX
emaj-162	212	25	examined	examine	VERB
emaj-162	212	26	on	on	ADP
emaj-162	212	27	that	that	DET
emaj-162	212	28	basis	basis	NOUN
emaj-162	212	29	.	.	PUNCT
emaj-162	213	1	mergers	merger	NOUN
emaj-162	213	2	should	should	AUX
emaj-162	213	3	be	be	AUX
emaj-162	213	4	studied	study	VERB
emaj-162	213	5	in	in	ADP
emaj-162	213	6	the	the	DET
emaj-162	213	7	long	long	ADJ
emaj-162	213	8	-	-	PUNCT
emaj-162	213	9	term	term	NOUN
emaj-162	213	10	with	with	ADP
emaj-162	213	11	the	the	DET
emaj-162	213	12	consideration	consideration	NOUN
emaj-162	213	13	of	of	ADP
emaj-162	213	14	firm	firm	ADJ
emaj-162	213	15	goals	goal	NOUN
emaj-162	213	16	and	and	CCONJ
emaj-162	213	17	performances	performance	NOUN
emaj-162	213	18	as	as	ADV
emaj-162	213	19	well	well	ADV
emaj-162	213	20	other	other	ADJ
emaj-162	213	21	economic	economic	ADJ
emaj-162	213	22	indicators	indicator	NOUN
emaj-162	213	23	.	.	PUNCT
emaj-162	214	1	the	the	DET
emaj-162	214	2	study	study	NOUN
emaj-162	214	3	has	have	VERB
emaj-162	214	4	implications	implication	NOUN
emaj-162	214	5	for	for	ADP
emaj-162	214	6	future	future	ADJ
emaj-162	214	7	research	research	NOUN
emaj-162	214	8	on	on	ADP
emaj-162	214	9	the	the	DET
emaj-162	214	10	impact	impact	NOUN
emaj-162	214	11	of	of	ADP
emaj-162	214	12	mergers	merger	NOUN
emaj-162	214	13	and	and	CCONJ
emaj-162	214	14	acquisition	acquisition	NOUN
emaj-162	214	15	on	on	ADP
emaj-162	214	16	the	the	DET
emaj-162	214	17	financial	financial	ADJ
emaj-162	214	18	performance	performance	NOUN
emaj-162	214	19	of	of	ADP
emaj-162	214	20	the	the	DET
emaj-162	214	21	nigerian	nigerian	ADJ
emaj-162	214	22	banking	banking	NOUN
emaj-162	214	23	sector	sector	NOUN
emaj-162	214	24	.	.	PUNCT
emaj-162	215	1	the	the	DET
emaj-162	215	2	sample	sample	NOUN
emaj-162	215	3	of	of	ADP
emaj-162	215	4	the	the	DET
emaj-162	215	5	population	population	NOUN
emaj-162	215	6	should	should	AUX
emaj-162	215	7	be	be	AUX
emaj-162	215	8	expanded	expand	VERB
emaj-162	215	9	to	to	PART
emaj-162	215	10	include	include	VERB
emaj-162	215	11	at	at	ADV
emaj-162	215	12	least	least	ADV
emaj-162	215	13	75	75	NUM
emaj-162	215	14	%	%	NOUN
emaj-162	215	15	of	of	ADP
emaj-162	215	16	the	the	DET
emaj-162	215	17	banks	bank	NOUN
emaj-162	215	18	in	in	ADP
emaj-162	215	19	nigeria	nigeria	PROPN
emaj-162	215	20	in	in	ADP
emaj-162	215	21	order	order	NOUN
emaj-162	215	22	to	to	PART
emaj-162	215	23	enable	enable	VERB
emaj-162	215	24	the	the	DET
emaj-162	215	25	researcher	researcher	NOUN
emaj-162	215	26	form	form	VERB
emaj-162	215	27	a	a	DET
emaj-162	215	28	general	general	ADJ
emaj-162	215	29	view	view	NOUN
emaj-162	215	30	that	that	PRON
emaj-162	215	31	would	would	AUX
emaj-162	215	32	capture	capture	VERB
emaj-162	215	33	the	the	DET
emaj-162	215	34	nigerian	nigerian	ADJ
emaj-162	215	35	banking	banking	NOUN
emaj-162	215	36	sector	sector	NOUN
emaj-162	215	37	and	and	CCONJ
emaj-162	215	38	other	other	ADJ
emaj-162	215	39	variables	variable	NOUN
emaj-162	215	40	such	such	ADJ
emaj-162	215	41	as	as	ADP
emaj-162	215	42	the	the	DET
emaj-162	215	43	market	market	NOUN
emaj-162	215	44	,	,	PUNCT
emaj-162	215	45	regulation	regulation	NOUN
emaj-162	215	46	and	and	CCONJ
emaj-162	215	47	tax	tax	NOUN
emaj-162	215	48	.	.	PUNCT
emaj-162	216	1	they	they	PRON
emaj-162	216	2	should	should	AUX
emaj-162	216	3	be	be	AUX
emaj-162	216	4	included	include	VERB
emaj-162	216	5	in	in	ADP
emaj-162	216	6	the	the	DET
emaj-162	216	7	examination	examination	NOUN
emaj-162	216	8	of	of	ADP
emaj-162	216	9	the	the	DET
emaj-162	216	10	effects	effect	NOUN
emaj-162	216	11	of	of	ADP
emaj-162	216	12	mergers	merger	NOUN
emaj-162	216	13	and	and	CCONJ
emaj-162	216	14	acquisition	acquisition	NOUN
emaj-162	216	15	on	on	ADP
emaj-162	216	16	banks	bank	NOUN
emaj-162	216	17	’	'	PUNCT
emaj-162	216	18	performance	performance	NOUN
emaj-162	216	19	.	.	PUNCT
emaj-162	217	1	further	further	ADJ
emaj-162	217	2	research	research	NOUN
emaj-162	217	3	on	on	ADP
emaj-162	217	4	the	the	DET
emaj-162	217	5	merger	merger	NOUN
emaj-162	217	6	between	between	ADP
emaj-162	217	7	uba	uba	PROPN
emaj-162	217	8	and	and	CCONJ
emaj-162	217	9	stb	stb	PROPN
emaj-162	217	10	should	should	AUX
emaj-162	217	11	examine	examine	VERB
emaj-162	217	12	the	the	DET
emaj-162	217	13	extent	extent	NOUN
emaj-162	217	14	to	to	PART
emaj-162	217	15	which	which	PRON
emaj-162	217	16	the	the	DET
emaj-162	217	17	results	result	NOUN
emaj-162	217	18	in	in	ADP
emaj-162	217	19	this	this	DET
emaj-162	217	20	study	study	NOUN
emaj-162	217	21	relate	relate	VERB
emaj-162	217	22	to	to	ADP
emaj-162	217	23	other	other	ADJ
emaj-162	217	24	banks	bank	NOUN
emaj-162	217	25	.	.	PUNCT
emaj-162	218	1	also	also	ADV
emaj-162	218	2	,	,	PUNCT
emaj-162	218	3	other	other	ADJ
emaj-162	218	4	underlying	underlie	VERB
emaj-162	218	5	mechanisms	mechanism	NOUN
emaj-162	218	6	apart	apart	ADV
emaj-162	218	7	from	from	ADP
emaj-162	218	8	post	post	ADJ
emaj-162	218	9	-	-	ADJ
emaj-162	218	10	merger	merger	ADJ
emaj-162	218	11	integration	integration	NOUN
emaj-162	218	12	like	like	ADP
emaj-162	218	13	strategic	strategic	ADJ
emaj-162	218	14	fit	fit	NOUN
emaj-162	218	15	,	,	PUNCT
emaj-162	218	16	due	due	ADJ
emaj-162	218	17	diligence	diligence	NOUN
emaj-162	218	18	,	,	PUNCT
emaj-162	218	19	culture	culture	NOUN
emaj-162	218	20	and	and	CCONJ
emaj-162	218	21	organizational	organizational	ADJ
emaj-162	218	22	fit	fit	NOUN
emaj-162	218	23	should	should	AUX
emaj-162	218	24	be	be	AUX
emaj-162	218	25	investigated	investigate	VERB
emaj-162	218	26	to	to	PART
emaj-162	218	27	ascertain	ascertain	VERB
emaj-162	218	28	whether	whether	SCONJ
emaj-162	218	29	it	it	PRON
emaj-162	218	30	justifies	justify	VERB
emaj-162	218	31	the	the	DET
emaj-162	218	32	results	result	NOUN
emaj-162	218	33	.	.	PUNCT
emaj-162	219	1	another	another	DET
emaj-162	219	2	opportunity	opportunity	NOUN
emaj-162	219	3	for	for	ADP
emaj-162	219	4	future	future	ADJ
emaj-162	219	5	research	research	NOUN
emaj-162	219	6	would	would	AUX
emaj-162	219	7	be	be	AUX
emaj-162	219	8	to	to	PART
emaj-162	219	9	evaluate	evaluate	VERB
emaj-162	219	10	the	the	DET
emaj-162	219	11	extent	extent	NOUN
emaj-162	219	12	positive	positive	ADJ
emaj-162	219	13	results	result	NOUN
emaj-162	219	14	are	be	AUX
emaj-162	219	15	obtained	obtain	VERB
emaj-162	219	16	and	and	CCONJ
emaj-162	219	17	the	the	DET
emaj-162	219	18	duration	duration	NOUN
emaj-162	219	19	of	of	ADP
emaj-162	219	20	merger	merger	NOUN
emaj-162	219	21	is	be	AUX
emaj-162	219	22	affected	affect	VERB
emaj-162	219	23	by	by	ADP
emaj-162	219	24	resources	resource	NOUN
emaj-162	219	25	and	and	CCONJ
emaj-162	219	26	capabilities	capability	NOUN
emaj-162	219	27	.	.	PUNCT
emaj-162	220	1	references	reference	NOUN
emaj-162	220	2	akpan	akpan	PROPN
emaj-162	220	3	,	,	PUNCT
emaj-162	220	4	a.	a.	PROPN
emaj-162	220	5	b.	b.	PROPN
emaj-162	220	6	(	(	PUNCT
emaj-162	220	7	2005	2005	NUM
emaj-162	220	8	)	)	PUNCT
emaj-162	220	9	.	.	PUNCT
emaj-162	221	1	effectiveness	effectiveness	NOUN
emaj-162	221	2	of	of	ADP
emaj-162	221	3	bank	bank	PROPN
emaj-162	221	4	capitalisation	capitalisation	NOUN
emaj-162	221	5	and	and	CCONJ
emaj-162	221	6	consolidation	consolidation	NOUN
emaj-162	221	7	in	in	ADP
emaj-162	221	8	building	build	VERB
emaj-162	221	9	market	market	NOUN
emaj-162	221	10	confidence	confidence	NOUN
emaj-162	221	11	:	:	PUNCT
emaj-162	221	12	an	an	DET
emaj-162	221	13	assessment	assessment	NOUN
emaj-162	221	14	of	of	ADP
emaj-162	221	15	customers	customer	NOUN
emaj-162	221	16	perception	perception	NOUN
emaj-162	221	17	in	in	ADP
emaj-162	221	18	nigeria	nigeria	PROPN
emaj-162	221	19	.	.	PUNCT
emaj-162	222	1	journal	journal	PROPN
emaj-162	222	2	of	of	ADP
emaj-162	222	3	business	business	PROPN
emaj-162	222	4	administration	administration	PROPN
emaj-162	222	5	,	,	PUNCT
emaj-162	222	6	1(2	1(2	NUM
emaj-162	222	7	)	)	PUNCT
emaj-162	222	8	.	.	PUNCT
emaj-162	223	1	amel	amel	PROPN
emaj-162	223	2	,	,	PUNCT
emaj-162	223	3	d.	d.	PROPN
emaj-162	223	4	,	,	PUNCT
emaj-162	223	5	barnes	barnes	PROPN
emaj-162	223	6	,	,	PUNCT
emaj-162	223	7	c.	c.	PROPN
emaj-162	223	8	,	,	PUNCT
emaj-162	223	9	panetta	panetta	PROPN
emaj-162	223	10	,	,	PUNCT
emaj-162	223	11	f	f	PROPN
emaj-162	223	12	and	and	CCONJ
emaj-162	223	13	salleo	salleo	PROPN
emaj-162	223	14	,	,	PUNCT
emaj-162	223	15	c.	c.	PROPN
emaj-162	223	16	(	(	PUNCT
emaj-162	223	17	2004	2004	NUM
emaj-162	223	18	)	)	PUNCT
emaj-162	223	19	.	.	PUNCT
emaj-162	224	1	consolidation	consolidation	NOUN
emaj-162	224	2	and	and	CCONJ
emaj-162	224	3	efficiency	efficiency	NOUN
emaj-162	224	4	in	in	ADP
emaj-162	224	5	the	the	DET
emaj-162	224	6	financial	financial	ADJ
emaj-162	224	7	sector	sector	NOUN
emaj-162	224	8	:	:	PUNCT
emaj-162	224	9	a	a	DET
emaj-162	224	10	review	review	NOUN
emaj-162	224	11	of	of	ADP
emaj-162	224	12	the	the	DET
emaj-162	224	13	international	international	ADJ
emaj-162	224	14	evidence	evidence	NOUN
emaj-162	224	15	.	.	PUNCT
emaj-162	225	1	journal	journal	NOUN
emaj-162	225	2	of	of	ADP
emaj-162	225	3	banking	banking	NOUN
emaj-162	225	4	and	and	CCONJ
emaj-162	225	5	finance	finance	NOUN
emaj-162	225	6	,	,	PUNCT
emaj-162	225	7	28	28	NUM
emaj-162	225	8	,	,	PUNCT
emaj-162	225	9	24932519	24932519	NUM
emaj-162	225	10	.	.	PUNCT
emaj-162	226	1	andrade	andrade	PROPN
emaj-162	226	2	,	,	PUNCT
emaj-162	226	3	g.	g.	PROPN
emaj-162	226	4	and	and	CCONJ
emaj-162	226	5	stafford	stafford	PROPN
emaj-162	226	6	,	,	PUNCT
emaj-162	226	7	e.	e.	PROPN
emaj-162	226	8	(	(	PUNCT
emaj-162	226	9	2004	2004	NUM
emaj-162	226	10	)	)	PUNCT
emaj-162	226	11	.	.	PUNCT
emaj-162	227	1	investigating	investigate	VERB
emaj-162	227	2	the	the	DET
emaj-162	227	3	economic	economic	ADJ
emaj-162	227	4	role	role	NOUN
emaj-162	227	5	of	of	ADP
emaj-162	227	6	mergers	merger	NOUN
emaj-162	227	7	.	.	PUNCT
emaj-162	228	1	journal	journal	NOUN
emaj-162	228	2	of	of	ADP
emaj-162	228	3	corporate	corporate	ADJ
emaj-162	228	4	finance	finance	NOUN
emaj-162	228	5	,	,	PUNCT
emaj-162	228	6	10	10	NUM
emaj-162	228	7	,	,	PUNCT
emaj-162	228	8	1	1	NUM
emaj-162	228	9	-	-	SYM
emaj-162	228	10	36	36	NUM
emaj-162	228	11	.	.	PUNCT
emaj-162	229	1	auster	auster	PROPN
emaj-162	229	2	,	,	PUNCT
emaj-162	229	3	e.	e.	PROPN
emaj-162	229	4	and	and	CCONJ
emaj-162	229	5	sirower	sirower	NOUN
emaj-162	229	6	,	,	PUNCT
emaj-162	229	7	m.	m.	NOUN
emaj-162	229	8	(	(	PUNCT
emaj-162	229	9	2002	2002	NUM
emaj-162	229	10	)	)	PUNCT
emaj-162	229	11	.	.	PUNCT
emaj-162	230	1	the	the	DET
emaj-162	230	2	dynamics	dynamic	NOUN
emaj-162	230	3	of	of	ADP
emaj-162	230	4	merger	merger	NOUN
emaj-162	230	5	and	and	CCONJ
emaj-162	230	6	acquisition	acquisition	NOUN
emaj-162	230	7	waves	wave	NOUN
emaj-162	230	8	:	:	PUNCT
emaj-162	230	9	a	a	DET
emaj-162	230	10	three	three	NUM
emaj-162	230	11	-	-	PUNCT
emaj-162	230	12	stage	stage	NOUN
emaj-162	230	13	conceptual	conceptual	ADJ
emaj-162	230	14	framework	framework	NOUN
emaj-162	230	15	with	with	ADP
emaj-162	230	16	implications	implication	NOUN
emaj-162	230	17	for	for	ADP
emaj-162	230	18	practice	practice	NOUN
emaj-162	230	19	.	.	PUNCT
emaj-162	231	1	journal	journal	NOUN
emaj-162	231	2	of	of	ADP
emaj-162	231	3	applied	apply	VERB
emaj-162	231	4	behavioural	behavioural	ADJ
emaj-162	231	5	science	science	NOUN
emaj-162	231	6	,	,	PUNCT
emaj-162	231	7	38(2	38(2	NOUN
emaj-162	231	8	)	)	PUNCT
emaj-162	231	9	,	,	PUNCT
emaj-162	231	10	216	216	NUM
emaj-162	231	11	-	-	SYM
emaj-162	231	12	244	244	NUM
emaj-162	231	13	.	.	PUNCT
emaj-162	231	14	beccalli	beccalli	PROPN
emaj-162	231	15	,	,	PUNCT
emaj-162	231	16	e.	e.	PROPN
emaj-162	231	17	and	and	CCONJ
emaj-162	231	18	p.	p.	PROPN
emaj-162	231	19	frantz	frantz	PROPN
emaj-162	231	20	.	.	PUNCT
emaj-162	232	1	(	(	PUNCT
emaj-162	232	2	2009	2009	NUM
emaj-162	232	3	)	)	PUNCT
emaj-162	232	4	.	.	PUNCT
emaj-162	233	1	m&a	m&a	PROPN
emaj-162	233	2	operations	operation	NOUN
emaj-162	233	3	and	and	CCONJ
emaj-162	233	4	performance	performance	NOUN
emaj-162	233	5	in	in	ADP
emaj-162	233	6	banking	banking	NOUN
emaj-162	233	7	.	.	PUNCT
emaj-162	234	1	journal	journal	PROPN
emaj-162	234	2	of	of	ADP
emaj-162	234	3	financial	financial	ADJ
emaj-162	234	4	services	service	NOUN
emaj-162	234	5	research	research	NOUN
emaj-162	234	6	36(2	36(2	NUM
emaj-162	234	7	):	):	PUNCT
emaj-162	234	8	203	203	NUM
emaj-162	234	9	-	-	SYM
emaj-162	234	10	226	226	NUM
emaj-162	234	11	.	.	PUNCT
emaj-162	235	1	becher	becher	PROPN
emaj-162	235	2	,	,	PUNCT
emaj-162	235	3	d.	d.	PROPN
emaj-162	235	4	a.	a.	PROPN
emaj-162	235	5	(	(	PUNCT
emaj-162	235	6	2000	2000	NUM
emaj-162	235	7	)	)	PUNCT
emaj-162	235	8	.	.	PUNCT
emaj-162	236	1	the	the	DET
emaj-162	236	2	valuation	valuation	NOUN
emaj-162	236	3	effects	effect	NOUN
emaj-162	236	4	of	of	ADP
emaj-162	236	5	mergers	merger	NOUN
emaj-162	236	6	.	.	PUNCT
emaj-162	237	1	journal	journal	NOUN
emaj-162	237	2	of	of	ADP
emaj-162	237	3	corporate	corporate	ADJ
emaj-162	237	4	finance	finance	NOUN
emaj-162	237	5	,	,	PUNCT
emaj-162	237	6	6	6	NUM
emaj-162	237	7	,	,	PUNCT
emaj-162	237	8	189–214	189–214	NUM
emaj-162	237	9	.	.	PUNCT
emaj-162	238	1	behr	behr	NOUN
emaj-162	238	2	,	,	PUNCT
emaj-162	238	3	a.	a.	NOUN
emaj-162	238	4	and	and	CCONJ
emaj-162	238	5	heid	heid	PROPN
emaj-162	238	6	,	,	PUNCT
emaj-162	238	7	f.	f.	PROPN
emaj-162	238	8	(	(	PUNCT
emaj-162	238	9	2011	2011	NUM
emaj-162	238	10	)	)	PUNCT
emaj-162	238	11	.	.	PUNCT
emaj-162	239	1	the	the	DET
emaj-162	239	2	success	success	NOUN
emaj-162	239	3	of	of	ADP
emaj-162	239	4	bank	bank	NOUN
emaj-162	239	5	mergers	merger	NOUN
emaj-162	239	6	revisited	revisit	VERB
emaj-162	239	7	.	.	PUNCT
emaj-162	240	1	an	an	DET
emaj-162	240	2	assessment	assessment	NOUN
emaj-162	240	3	based	base	VERB
emaj-162	240	4	on	on	ADP
emaj-162	240	5	a	a	DET
emaj-162	240	6	matching	matching	NOUN
emaj-162	240	7	strategy	strategy	NOUN
emaj-162	240	8	.	.	PUNCT
emaj-162	241	1	18(1	18(1	X
emaj-162	241	2	)	)	PUNCT
emaj-162	241	3	,	,	PUNCT
emaj-162	241	4	117	117	NUM
emaj-162	241	5	-	-	SYM
emaj-162	241	6	135	135	NUM
emaj-162	241	7	.	.	PUNCT
emaj-162	242	1	volume	volume	NOUN
emaj-162	242	2	9	9	NUM
emaj-162	242	3	no	no	DET
emaj-162	242	4	1	1	NUM
emaj-162	242	5	(	(	PUNCT
emaj-162	242	6	2019	2019	NUM
emaj-162	242	7	)	)	PUNCT
emaj-162	242	8	|	|	ADV
emaj-162	242	9	issn	issn	VERB
emaj-162	242	10	2158	2158	NUM
emaj-162	242	11	-	-	SYM
emaj-162	242	12	8708	8708	NUM
emaj-162	242	13	(	(	PUNCT
emaj-162	242	14	online	online	NOUN
emaj-162	242	15	)	)	PUNCT
emaj-162	242	16	|	|	ADV
emaj-162	242	17	doi	doi	X
emaj-162	242	18	10.5195	10.5195	NUM
emaj-162	242	19	/	/	SYM
emaj-162	242	20	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	243	1	|	|	ADV
emaj-162	243	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	243	3	mergers	merger	NOUN
emaj-162	243	4	,	,	PUNCT
emaj-162	243	5	acquisitions	acquisition	NOUN
emaj-162	243	6	and	and	CCONJ
emaj-162	243	7	financial	financial	ADJ
emaj-162	243	8	performance	performance	NOUN
emaj-162	243	9	:	:	PUNCT
emaj-162	243	10	a	a	DET
emaj-162	243	11	study	study	NOUN
emaj-162	243	12	of	of	ADP
emaj-162	243	13	selected	select	VERB
emaj-162	243	14	financial	financial	ADJ
emaj-162	243	15	institutions	institution	NOUN
emaj-162	243	16	page	page	NOUN
emaj-162	243	17	|42|	|42|	VERB
emaj-162	243	18	emerging	emerge	VERB
emaj-162	243	19	markets	market	NOUN
emaj-162	243	20	journal	journal	PROPN
emaj-162	243	21	berger	berger	PROPN
emaj-162	243	22	,	,	PUNCT
emaj-162	243	23	a.	a.	NOUN
emaj-162	243	24	and	and	CCONJ
emaj-162	243	25	demsetz	demsetz	PROPN
emaj-162	243	26	,	,	PUNCT
emaj-162	243	27	r.	r.	PROPN
emaj-162	243	28	and	and	CCONJ
emaj-162	243	29	strahan	strahan	PROPN
emaj-162	243	30	,	,	PUNCT
emaj-162	243	31	p.	p.	NOUN
emaj-162	243	32	(	(	PUNCT
emaj-162	243	33	1999	1999	NUM
emaj-162	243	34	)	)	PUNCT
emaj-162	243	35	.	.	PUNCT
emaj-162	244	1	the	the	DET
emaj-162	244	2	consolidation	consolidation	NOUN
emaj-162	244	3	of	of	ADP
emaj-162	244	4	the	the	DET
emaj-162	244	5	financial	financial	ADJ
emaj-162	244	6	services	service	NOUN
emaj-162	244	7	industry	industry	NOUN
emaj-162	244	8	:	:	PUNCT
emaj-162	244	9	causes	cause	NOUN
emaj-162	244	10	,	,	PUNCT
emaj-162	244	11	consequences	consequence	NOUN
emaj-162	244	12	and	and	CCONJ
emaj-162	244	13	implications	implication	NOUN
emaj-162	244	14	for	for	ADP
emaj-162	244	15	the	the	DET
emaj-162	244	16	future	future	NOUN
emaj-162	244	17	.	.	PUNCT
emaj-162	245	1	journal	journal	NOUN
emaj-162	245	2	of	of	ADP
emaj-162	245	3	banking	banking	NOUN
emaj-162	245	4	and	and	CCONJ
emaj-162	245	5	finance	finance	NOUN
emaj-162	245	6	,	,	PUNCT
emaj-162	245	7	23	23	NUM
emaj-162	245	8	,	,	PUNCT
emaj-162	245	9	135	135	NUM
emaj-162	245	10	-	-	SYM
emaj-162	245	11	194	194	NUM
emaj-162	245	12	.	.	PUNCT
emaj-162	246	1	bernard	bernard	PROPN
emaj-162	246	2	,	,	PUNCT
emaj-162	246	3	c.	c.	PROPN
emaj-162	246	4	,	,	PUNCT
emaj-162	246	5	fuentelsaz	fuentelsaz	VERB
emaj-162	246	6	,	,	PUNCT
emaj-162	246	7	l.	l.	PROPN
emaj-162	246	8	and	and	CCONJ
emaj-162	246	9	gomez	gomez	PROPN
emaj-162	246	10	,	,	PUNCT
emaj-162	246	11	j.	j.	PROPN
emaj-162	246	12	(	(	PUNCT
emaj-162	246	13	2010	2010	NUM
emaj-162	246	14	)	)	PUNCT
emaj-162	246	15	.	.	PUNCT
emaj-162	247	1	the	the	DET
emaj-162	247	2	effects	effect	NOUN
emaj-162	247	3	of	of	ADP
emaj-162	247	4	merger	merger	NOUN
emaj-162	247	5	and	and	CCONJ
emaj-162	247	6	acquisitions	acquisition	NOUN
emaj-162	247	7	on	on	ADP
emaj-162	247	8	productivity	productivity	NOUN
emaj-162	247	9	:	:	PUNCT
emaj-162	247	10	an	an	DET
emaj-162	247	11	empirical	empirical	ADJ
emaj-162	247	12	application	application	NOUN
emaj-162	247	13	to	to	ADP
emaj-162	247	14	spanish	spanish	ADJ
emaj-162	247	15	banking	banking	NOUN
emaj-162	247	16	.	.	PUNCT
emaj-162	248	1	omega	omega	NOUN
emaj-162	248	2	,	,	PUNCT
emaj-162	248	3	38(5	38(5	NUM
emaj-162	248	4	)	)	PUNCT
emaj-162	248	5	,	,	PUNCT
emaj-162	248	6	283	283	NUM
emaj-162	248	7	-	-	SYM
emaj-162	248	8	293	293	NUM
emaj-162	248	9	.	.	PUNCT
emaj-162	249	1	bryman	bryman	NOUN
emaj-162	249	2	,	,	PUNCT
emaj-162	249	3	a.	a.	NOUN
emaj-162	249	4	and	and	CCONJ
emaj-162	249	5	bell	bell	PROPN
emaj-162	249	6	,	,	PUNCT
emaj-162	249	7	e.	e.	PROPN
emaj-162	249	8	(	(	PUNCT
emaj-162	249	9	2001	2001	NUM
emaj-162	249	10	)	)	PUNCT
emaj-162	249	11	.	.	PUNCT
emaj-162	250	1	business	business	NOUN
emaj-162	250	2	research	research	NOUN
emaj-162	250	3	methods	method	NOUN
emaj-162	250	4	.	.	PUNCT
emaj-162	251	1	3rd	3rd	ADJ
emaj-162	251	2	ed	ed	NOUN
emaj-162	251	3	.	.	PUNCT
emaj-162	252	1	oxford	oxford	NOUN
emaj-162	252	2	:	:	PUNCT
emaj-162	252	3	oxford	oxford	PROPN
emaj-162	252	4	university	university	PROPN
emaj-162	252	5	press	press	NOUN
emaj-162	252	6	.	.	PUNCT
emaj-162	253	1	cassiman	cassiman	NOUN
emaj-162	253	2	,	,	PUNCT
emaj-162	253	3	b.	b.	PROPN
emaj-162	253	4	,	,	PUNCT
emaj-162	253	5	colombo	colombo	NOUN
emaj-162	253	6	,	,	PUNCT
emaj-162	253	7	m.	m.	NOUN
emaj-162	253	8	garrone	garrone	NOUN
emaj-162	253	9	,	,	PUNCT
emaj-162	253	10	p.	p.	NOUN
emaj-162	253	11	and	and	CCONJ
emaj-162	253	12	veugelers	veugeler	NOUN
emaj-162	253	13	,	,	PUNCT
emaj-162	253	14	r.	r.	PROPN
emaj-162	253	15	(	(	PUNCT
emaj-162	253	16	2003	2003	NUM
emaj-162	253	17	)	)	PUNCT
emaj-162	253	18	.	.	PUNCT
emaj-162	254	1	the	the	DET
emaj-162	254	2	impact	impact	NOUN
emaj-162	254	3	of	of	ADP
emaj-162	254	4	mergers	merger	NOUN
emaj-162	254	5	and	and	CCONJ
emaj-162	254	6	acquisitions	acquisition	NOUN
emaj-162	254	7	on	on	ADP
emaj-162	254	8	the	the	DET
emaj-162	254	9	research	research	NOUN
emaj-162	254	10	and	and	CCONJ
emaj-162	254	11	development	development	NOUN
emaj-162	254	12	process	process	NOUN
emaj-162	254	13	:	:	PUNCT
emaj-162	254	14	an	an	DET
emaj-162	254	15	empirical	empirical	ADJ
emaj-162	254	16	analysis	analysis	NOUN
emaj-162	254	17	of	of	ADP
emaj-162	254	18	the	the	DET
emaj-162	254	19	role	role	NOUN
emaj-162	254	20	of	of	ADP
emaj-162	254	21	technological	technological	ADJ
emaj-162	254	22	and	and	CCONJ
emaj-162	254	23	market	market	NOUN
emaj-162	254	24	relatedness	relatedness	NOUN
emaj-162	254	25	.	.	PUNCT
emaj-162	255	1	res	re	NOUN
emaj-162	255	2	policy	policy	NOUN
emaj-162	255	3	,	,	PUNCT
emaj-162	255	4	34	34	NUM
emaj-162	255	5	,	,	PUNCT
emaj-162	255	6	195	195	NUM
emaj-162	255	7	-	-	SYM
emaj-162	255	8	220	220	NUM
emaj-162	255	9	.	.	PUNCT
emaj-162	256	1	chanmugan	chanmugan	PROPN
emaj-162	256	2	,	,	PUNCT
emaj-162	256	3	r.	r.	PROPN
emaj-162	256	4	,	,	PUNCT
emaj-162	256	5	shill	shill	NOUN
emaj-162	256	6	,	,	PUNCT
emaj-162	256	7	w.	w.	PROPN
emaj-162	256	8	,	,	PUNCT
emaj-162	256	9	mann	mann	PROPN
emaj-162	256	10	,	,	PUNCT
emaj-162	256	11	d.	d.	PROPN
emaj-162	256	12	,	,	PUNCT
emaj-162	256	13	ficery	ficery	PROPN
emaj-162	256	14	,	,	PUNCT
emaj-162	256	15	k.	k.	PROPN
emaj-162	256	16	and	and	CCONJ
emaj-162	256	17	pursche	pursche	PROPN
emaj-162	256	18	,	,	PUNCT
emaj-162	256	19	b.	b.	PROPN
emaj-162	256	20	(	(	PUNCT
emaj-162	256	21	2005	2005	NUM
emaj-162	256	22	)	)	PUNCT
emaj-162	256	23	.	.	PUNCT
emaj-162	257	1	the	the	DET
emaj-162	257	2	intelligent	intelligent	ADJ
emaj-162	257	3	clean	clean	ADJ
emaj-162	257	4	room	room	NOUN
emaj-162	257	5	:	:	PUNCT
emaj-162	257	6	ensuring	ensure	VERB
emaj-162	257	7	value	value	NOUN
emaj-162	257	8	capture	capture	NOUN
emaj-162	257	9	in	in	ADP
emaj-162	257	10	mergers	merger	NOUN
emaj-162	257	11	and	and	CCONJ
emaj-162	257	12	acquisitions	acquisition	NOUN
emaj-162	257	13	.	.	PUNCT
emaj-162	258	1	journal	journal	NOUN
emaj-162	258	2	of	of	ADP
emaj-162	258	3	business	business	NOUN
emaj-162	258	4	strategy	strategy	NOUN
emaj-162	258	5	,	,	PUNCT
emaj-162	258	6	26	26	NUM
emaj-162	258	7	(	(	PUNCT
emaj-162	258	8	3	3	NUM
emaj-162	258	9	)	)	PUNCT
emaj-162	258	10	,	,	PUNCT
emaj-162	258	11	43	43	NUM
emaj-162	258	12	-	-	SYM
emaj-162	258	13	49	49	NUM
emaj-162	258	14	.	.	PUNCT
emaj-162	259	1	chatterjee	chatterjee	PROPN
emaj-162	259	2	,	,	PUNCT
emaj-162	259	3	s.	s.	PROPN
emaj-162	259	4	,	,	PUNCT
emaj-162	259	5	lubatkin	lubatkin	ADJ
emaj-162	259	6	,	,	PUNCT
emaj-162	259	7	m.	m.	NOUN
emaj-162	259	8	,	,	PUNCT
emaj-162	259	9	schweiger	schweiger	PROPN
emaj-162	259	10	,	,	PUNCT
emaj-162	259	11	d.	d.	PROPN
emaj-162	259	12	m	m	PROPN
emaj-162	259	13	and	and	CCONJ
emaj-162	259	14	weber	weber	PROPN
emaj-162	259	15	,	,	PUNCT
emaj-162	259	16	y.	y.	PROPN
emaj-162	259	17	(	(	PUNCT
emaj-162	259	18	1992	1992	NUM
emaj-162	259	19	)	)	PUNCT
emaj-162	259	20	.	.	PUNCT
emaj-162	260	1	cultural	cultural	ADJ
emaj-162	260	2	differences	difference	NOUN
emaj-162	260	3	and	and	CCONJ
emaj-162	260	4	shareholder	shareholder	NOUN
emaj-162	260	5	value	value	NOUN
emaj-162	260	6	in	in	ADP
emaj-162	260	7	related	related	ADJ
emaj-162	260	8	mergers	merger	NOUN
emaj-162	260	9	:	:	PUNCT
emaj-162	260	10	linking	link	VERB
emaj-162	260	11	equity	equity	NOUN
emaj-162	260	12	and	and	CCONJ
emaj-162	260	13	human	human	ADJ
emaj-162	260	14	capital	capital	NOUN
emaj-162	260	15	.	.	PUNCT
emaj-162	261	1	strategic	strategic	ADJ
emaj-162	261	2	management	management	NOUN
emaj-162	261	3	journal	journal	NOUN
emaj-162	261	4	,	,	PUNCT
emaj-162	261	5	7	7	NUM
emaj-162	261	6	,	,	PUNCT
emaj-162	261	7	119	119	NUM
emaj-162	261	8	-	-	SYM
emaj-162	261	9	139	139	NUM
emaj-162	261	10	.	.	PUNCT
emaj-162	262	1	chu	chu	PROPN
emaj-162	262	2	,	,	PUNCT
emaj-162	262	3	k.	k.	PROPN
emaj-162	262	4	h.	h.	PROPN
emaj-162	262	5	(	(	PUNCT
emaj-162	262	6	2010	2010	NUM
emaj-162	262	7	)	)	PUNCT
emaj-162	262	8	.	.	PUNCT
emaj-162	263	1	bank	bank	NOUN
emaj-162	263	2	mergers	merger	NOUN
emaj-162	263	3	,	,	PUNCT
emaj-162	263	4	branch	branch	NOUN
emaj-162	263	5	networks	network	NOUN
emaj-162	263	6	and	and	CCONJ
emaj-162	263	7	economic	economic	ADJ
emaj-162	263	8	growth	growth	NOUN
emaj-162	263	9	:	:	PUNCT
emaj-162	263	10	theory	theory	NOUN
emaj-162	263	11	and	and	CCONJ
emaj-162	263	12	evidence	evidence	NOUN
emaj-162	263	13	from	from	ADP
emaj-162	263	14	canada	canada	PROPN
emaj-162	263	15	,	,	PUNCT
emaj-162	263	16	18891926	18891926	NUM
emaj-162	263	17	.	.	PUNCT
emaj-162	264	1	journal	journal	PROPN
emaj-162	264	2	of	of	ADP
emaj-162	264	3	macroeconomics	macroeconomic	NOUN
emaj-162	264	4	,	,	PUNCT
emaj-162	264	5	32(1	32(1	NUM
emaj-162	264	6	)	)	PUNCT
emaj-162	264	7	,	,	PUNCT
emaj-162	264	8	265	265	NUM
emaj-162	264	9	-	-	SYM
emaj-162	264	10	283	283	NUM
emaj-162	264	11	.	.	PUNCT
emaj-162	265	1	cyree	cyree	PROPN
emaj-162	265	2	,	,	PUNCT
emaj-162	265	3	k.	k.	PROPN
emaj-162	265	4	(	(	PUNCT
emaj-162	265	5	2010	2010	NUM
emaj-162	265	6	)	)	PUNCT
emaj-162	265	7	.	.	PUNCT
emaj-162	266	1	what	what	PRON
emaj-162	266	2	do	do	AUX
emaj-162	266	3	banks	bank	NOUN
emaj-162	266	4	acquirers	acquirer	NOUN
emaj-162	266	5	value	value	VERB
emaj-162	266	6	in	in	ADP
emaj-162	266	7	nonpublic	nonpublic	ADJ
emaj-162	266	8	bank	bank	NOUN
emaj-162	266	9	mergers	merger	NOUN
emaj-162	266	10	and	and	CCONJ
emaj-162	266	11	acquisitions	acquisition	NOUN
emaj-162	266	12	?	?	PUNCT
emaj-162	266	13	.	.	PUNCT
emaj-162	267	1	the	the	DET
emaj-162	267	2	quarterly	quarterly	ADJ
emaj-162	267	3	review	review	NOUN
emaj-162	267	4	of	of	ADP
emaj-162	267	5	economics	economic	NOUN
emaj-162	267	6	and	and	CCONJ
emaj-162	267	7	finance	finance	NOUN
emaj-162	267	8	,	,	PUNCT
emaj-162	267	9	50(3	50(3	NUM
emaj-162	267	10	)	)	PUNCT
emaj-162	267	11	,	,	PUNCT
emaj-162	267	12	341	341	NUM
emaj-162	267	13	-	-	SYM
emaj-162	267	14	351	351	NUM
emaj-162	267	15	.	.	PUNCT
emaj-162	268	1	denis	denis	PROPN
emaj-162	268	2	,	,	PUNCT
emaj-162	268	3	d.	d.	PROPN
emaj-162	268	4	,	,	PUNCT
emaj-162	268	5	denis	denis	PROPN
emaj-162	268	6	,	,	PUNCT
emaj-162	268	7	d.	d.	PROPN
emaj-162	268	8	and	and	CCONJ
emaj-162	268	9	yost	yost	PROPN
emaj-162	268	10	,	,	PUNCT
emaj-162	268	11	k.	k.	PROPN
emaj-162	268	12	(	(	PUNCT
emaj-162	268	13	2002	2002	NUM
emaj-162	268	14	)	)	PUNCT
emaj-162	268	15	.	.	PUNCT
emaj-162	269	1	global	global	ADJ
emaj-162	269	2	diversification	diversification	NOUN
emaj-162	269	3	,	,	PUNCT
emaj-162	269	4	industry	industry	NOUN
emaj-162	269	5	diversification	diversification	NOUN
emaj-162	269	6	and	and	CCONJ
emaj-162	269	7	firm	firm	ADJ
emaj-162	269	8	value	value	NOUN
emaj-162	269	9	.	.	PUNCT
emaj-162	270	1	journal	journal	PROPN
emaj-162	270	2	of	of	ADP
emaj-162	270	3	finance	finance	NOUN
emaj-162	270	4	,	,	PUNCT
emaj-162	270	5	57	57	NUM
emaj-162	270	6	,	,	PUNCT
emaj-162	270	7	19511979	19511979	NUM
emaj-162	270	8	.	.	PUNCT
emaj-162	271	1	delong	delong	PROPN
emaj-162	271	2	,	,	PUNCT
emaj-162	271	3	g.	g.	PROPN
emaj-162	271	4	and	and	CCONJ
emaj-162	271	5	deyoung	deyoung	PROPN
emaj-162	271	6	,	,	PUNCT
emaj-162	271	7	r.	r.	PROPN
emaj-162	271	8	(	(	PUNCT
emaj-162	271	9	2007	2007	NUM
emaj-162	271	10	)	)	PUNCT
emaj-162	271	11	.	.	PUNCT
emaj-162	272	1	learning	learn	VERB
emaj-162	272	2	by	by	ADP
emaj-162	272	3	observing	observe	VERB
emaj-162	272	4	:	:	PUNCT
emaj-162	272	5	information	information	NOUN
emaj-162	272	6	spillovers	spillover	NOUN
emaj-162	272	7	in	in	ADP
emaj-162	272	8	the	the	DET
emaj-162	272	9	execution	execution	NOUN
emaj-162	272	10	and	and	CCONJ
emaj-162	272	11	valuation	valuation	NOUN
emaj-162	272	12	of	of	ADP
emaj-162	272	13	commercial	commercial	ADJ
emaj-162	272	14	banks	bank	NOUN
emaj-162	272	15	m	m	PROPN
emaj-162	272	16	&	&	CCONJ
emaj-162	272	17	a.	a.	PROPN
emaj-162	272	18	journal	journal	PROPN
emaj-162	272	19	of	of	ADP
emaj-162	272	20	finance	finance	NOUN
emaj-162	272	21	,	,	PUNCT
emaj-162	272	22	62(1	62(1	NOUN
emaj-162	272	23	)	)	PUNCT
emaj-162	272	24	,	,	PUNCT
emaj-162	272	25	181	181	NUM
emaj-162	272	26	-	-	SYM
emaj-162	272	27	216	216	NUM
emaj-162	272	28	.	.	PUNCT
emaj-162	273	1	devos	devos	PROPN
emaj-162	273	2	,	,	PUNCT
emaj-162	273	3	e.	e.	PROPN
emaj-162	273	4	,	,	PUNCT
emaj-162	273	5	kadapakkam	kadapakkam	PROPN
emaj-162	273	6	,	,	PUNCT
emaj-162	273	7	p.	p.	NOUN
emaj-162	273	8	and	and	CCONJ
emaj-162	273	9	krishnamurthy	krishnamurthy	PROPN
emaj-162	273	10	,	,	PUNCT
emaj-162	273	11	s.	s.	PROPN
emaj-162	273	12	(	(	PUNCT
emaj-162	273	13	2009	2009	NUM
emaj-162	273	14	)	)	PUNCT
emaj-162	273	15	.	.	PUNCT
emaj-162	274	1	how	how	SCONJ
emaj-162	274	2	do	do	AUX
emaj-162	274	3	mergers	merger	NOUN
emaj-162	274	4	create	create	VERB
emaj-162	274	5	value	value	NOUN
emaj-162	274	6	?	?	PUNCT
emaj-162	275	1	a	a	DET
emaj-162	275	2	comparison	comparison	NOUN
emaj-162	275	3	of	of	ADP
emaj-162	275	4	taxes	taxis	NOUN
emaj-162	275	5	,	,	PUNCT
emaj-162	275	6	market	market	NOUN
emaj-162	275	7	power	power	NOUN
emaj-162	275	8	and	and	CCONJ
emaj-162	275	9	efficiency	efficiency	NOUN
emaj-162	275	10	improvements	improvement	NOUN
emaj-162	275	11	as	as	ADP
emaj-162	275	12	explanations	explanation	NOUN
emaj-162	275	13	for	for	ADP
emaj-162	275	14	synergies	synergy	NOUN
emaj-162	275	15	.	.	PUNCT
emaj-162	276	1	review	review	NOUN
emaj-162	276	2	of	of	ADP
emaj-162	276	3	financial	financial	ADJ
emaj-162	276	4	studies	study	NOUN
emaj-162	276	5	,	,	PUNCT
emaj-162	276	6	22	22	NUM
emaj-162	276	7	,	,	PUNCT
emaj-162	276	8	1179	1179	NUM
emaj-162	276	9	-	-	SYM
emaj-162	276	10	1211	1211	NUM
emaj-162	276	11	.	.	PUNCT
emaj-162	277	1	deyoung	deyoung	PROPN
emaj-162	277	2	,	,	PUNCT
emaj-162	277	3	r.	r.	PROPN
emaj-162	277	4	,	,	PUNCT
emaj-162	277	5	hunter	hunter	NOUN
emaj-162	277	6	,	,	PUNCT
emaj-162	277	7	w.	w.	PROPN
emaj-162	277	8	c.	c.	PROPN
emaj-162	277	9	and	and	CCONJ
emaj-162	277	10	udell	udell	PROPN
emaj-162	277	11	,	,	PUNCT
emaj-162	277	12	g.	g.	PROPN
emaj-162	277	13	f.	f.	PROPN
emaj-162	277	14	(	(	PUNCT
emaj-162	277	15	2004	2004	NUM
emaj-162	277	16	)	)	PUNCT
emaj-162	277	17	.	.	PUNCT
emaj-162	278	1	the	the	DET
emaj-162	278	2	past	past	NOUN
emaj-162	278	3	,	,	PUNCT
emaj-162	278	4	present	present	ADJ
emaj-162	278	5	and	and	CCONJ
emaj-162	278	6	probable	probable	ADJ
emaj-162	278	7	future	future	NOUN
emaj-162	278	8	for	for	ADP
emaj-162	278	9	community	community	NOUN
emaj-162	278	10	banks	bank	NOUN
emaj-162	278	11	.	.	PUNCT
emaj-162	279	1	journal	journal	PROPN
emaj-162	279	2	of	of	ADP
emaj-162	279	3	financial	financial	ADJ
emaj-162	279	4	services	service	NOUN
emaj-162	279	5	research	research	NOUN
emaj-162	279	6	,	,	PUNCT
emaj-162	279	7	25	25	NUM
emaj-162	279	8	,	,	PUNCT
emaj-162	279	9	85	85	NUM
emaj-162	279	10	-	-	SYM
emaj-162	279	11	133	133	NUM
emaj-162	279	12	.	.	PUNCT
emaj-162	280	1	deyoung	deyoung	PROPN
emaj-162	280	2	,	,	PUNCT
emaj-162	280	3	r.	r.	PROPN
emaj-162	280	4	(	(	PUNCT
emaj-162	280	5	2005	2005	NUM
emaj-162	280	6	)	)	PUNCT
emaj-162	280	7	.	.	PUNCT
emaj-162	281	1	the	the	DET
emaj-162	281	2	performance	performance	NOUN
emaj-162	281	3	of	of	ADP
emaj-162	281	4	internet	internet	NOUN
emaj-162	281	5	-	-	PUNCT
emaj-162	281	6	based	base	VERB
emaj-162	281	7	business	business	NOUN
emaj-162	281	8	models	model	NOUN
emaj-162	281	9	:	:	PUNCT
emaj-162	281	10	evidence	evidence	NOUN
emaj-162	281	11	from	from	ADP
emaj-162	281	12	the	the	DET
emaj-162	281	13	banking	banking	NOUN
emaj-162	281	14	industry	industry	NOUN
emaj-162	281	15	.	.	PUNCT
emaj-162	282	1	journal	journal	PROPN
emaj-162	282	2	of	of	ADP
emaj-162	282	3	business	business	NOUN
emaj-162	282	4	,	,	PUNCT
emaj-162	282	5	78	78	NUM
emaj-162	282	6	,	,	PUNCT
emaj-162	282	7	893–947	893–947	NUM
emaj-162	282	8	.	.	PUNCT
emaj-162	283	1	epstein	epstein	PROPN
emaj-162	283	2	,	,	PUNCT
emaj-162	283	3	m.	m.	PROPN
emaj-162	283	4	j.	j.	PROPN
emaj-162	283	5	(	(	PUNCT
emaj-162	283	6	2005	2005	NUM
emaj-162	283	7	)	)	PUNCT
emaj-162	283	8	.	.	PUNCT
emaj-162	284	1	the	the	DET
emaj-162	284	2	determinants	determinant	NOUN
emaj-162	284	3	and	and	CCONJ
emaj-162	284	4	evaluation	evaluation	NOUN
emaj-162	284	5	of	of	ADP
emaj-162	284	6	merger	merger	NOUN
emaj-162	284	7	success	success	NOUN
emaj-162	284	8	.	.	PUNCT
emaj-162	285	1	business	business	NOUN
emaj-162	285	2	horizons	horizon	NOUN
emaj-162	285	3	,	,	PUNCT
emaj-162	285	4	48	48	NUM
emaj-162	285	5	,	,	PUNCT
emaj-162	285	6	3746	3746	NUM
emaj-162	285	7	.	.	PUNCT
emaj-162	286	1	focarelli	focarelli	PROPN
emaj-162	286	2	,	,	PUNCT
emaj-162	286	3	d.	d.	PROPN
emaj-162	286	4	(	(	PUNCT
emaj-162	286	5	2002	2002	NUM
emaj-162	286	6	)	)	PUNCT
emaj-162	286	7	.	.	PUNCT
emaj-162	287	1	why	why	SCONJ
emaj-162	287	2	do	do	AUX
emaj-162	287	3	banks	bank	NOUN
emaj-162	287	4	merge	merge	VERB
emaj-162	287	5	?	?	PUNCT
emaj-162	287	6	,	,	PUNCT
emaj-162	287	7	journal	journal	NOUN
emaj-162	287	8	of	of	ADP
emaj-162	287	9	money	money	NOUN
emaj-162	287	10	,	,	PUNCT
emaj-162	287	11	credit	credit	NOUN
emaj-162	287	12	and	and	CCONJ
emaj-162	287	13	banking	banking	NOUN
emaj-162	287	14	,	,	PUNCT
emaj-162	287	15	34(4	34(4	NUM
emaj-162	287	16	)	)	PUNCT
emaj-162	287	17	,	,	PUNCT
emaj-162	287	18	1047	1047	NUM
emaj-162	287	19	-	-	SYM
emaj-162	287	20	1066	1066	NUM
emaj-162	287	21	.	.	PUNCT
emaj-162	288	1	ghaughan	ghaughan	ADV
emaj-162	288	2	,	,	PUNCT
emaj-162	288	3	p.	p.	NOUN
emaj-162	288	4	(	(	PUNCT
emaj-162	288	5	2011	2011	NUM
emaj-162	288	6	)	)	PUNCT
emaj-162	288	7	.	.	PUNCT
emaj-162	289	1	m	m	PROPN
emaj-162	289	2	&	&	CCONJ
emaj-162	289	3	a	a	DET
emaj-162	289	4	resurgence	resurgence	NOUN
emaj-162	289	5	:	:	PUNCT
emaj-162	289	6	good	good	ADJ
emaj-162	289	7	or	or	CCONJ
emaj-162	289	8	bad	bad	ADJ
emaj-162	289	9	?	?	PUNCT
emaj-162	289	10	,	,	PUNCT
emaj-162	289	11	journal	journal	NOUN
emaj-162	289	12	of	of	ADP
emaj-162	289	13	corporate	corporate	ADJ
emaj-162	289	14	accounting	accounting	NOUN
emaj-162	289	15	and	and	CCONJ
emaj-162	289	16	finance	finance	NOUN
emaj-162	289	17	,	,	PUNCT
emaj-162	289	18	22(2	22(2	NUM
emaj-162	289	19	)	)	PUNCT
emaj-162	289	20	,	,	PUNCT
emaj-162	289	21	3	3	NUM
emaj-162	289	22	-	-	SYM
emaj-162	289	23	8	8	NUM
emaj-162	289	24	.	.	PUNCT
emaj-162	290	1	ghaughan	ghaughan	ADV
emaj-162	290	2	,	,	PUNCT
emaj-162	290	3	p.	p.	PROPN
emaj-162	290	4	(	(	PUNCT
emaj-162	290	5	2002	2002	NUM
emaj-162	290	6	)	)	PUNCT
emaj-162	290	7	.	.	PUNCT
emaj-162	291	1	mergers	merger	NOUN
emaj-162	291	2	,	,	PUNCT
emaj-162	291	3	acquisition	acquisition	NOUN
emaj-162	291	4	and	and	CCONJ
emaj-162	291	5	corporate	corporate	ADJ
emaj-162	291	6	restructurings	restructuring	NOUN
emaj-162	291	7	.	.	PUNCT
emaj-162	292	1	3rd	3rd	ADJ
emaj-162	292	2	ed	ed	NOUN
emaj-162	292	3	.	.	PUNCT
emaj-162	293	1	new	new	PROPN
emaj-162	293	2	jersey	jersey	PROPN
emaj-162	293	3	:	:	PUNCT
emaj-162	293	4	john	john	PROPN
emaj-162	293	5	wiley	wiley	PROPN
emaj-162	293	6	and	and	CCONJ
emaj-162	293	7	sons	son	NOUN
emaj-162	293	8	.	.	PUNCT
emaj-162	294	1	ghauri	ghauri	PROPN
emaj-162	294	2	,	,	PUNCT
emaj-162	294	3	p.	p.	NOUN
emaj-162	294	4	and	and	CCONJ
emaj-162	294	5	gronhaug	gronhaug	PROPN
emaj-162	294	6	,	,	PUNCT
emaj-162	294	7	k.	k.	PROPN
emaj-162	294	8	(	(	PUNCT
emaj-162	294	9	2010	2010	NUM
emaj-162	294	10	)	)	PUNCT
emaj-162	294	11	.	.	PUNCT
emaj-162	295	1	research	research	NOUN
emaj-162	295	2	methods	method	NOUN
emaj-162	295	3	in	in	ADP
emaj-162	295	4	business	business	NOUN
emaj-162	295	5	studies	study	NOUN
emaj-162	295	6	.	.	PUNCT
emaj-162	296	1	4th	4th	ADJ
emaj-162	296	2	ed	ed	NOUN
emaj-162	296	3	.	.	PUNCT
emaj-162	296	4	harlow	harlow	PROPN
emaj-162	296	5	:	:	PUNCT
emaj-162	296	6	prentice	prentice	PROPN
emaj-162	296	7	hall	hall	PROPN
emaj-162	296	8	.	.	PUNCT
emaj-162	297	1	hillier	hilli	ADJ
emaj-162	297	2	,	,	PUNCT
emaj-162	297	3	d.	d.	PROPN
emaj-162	297	4	,	,	PUNCT
emaj-162	297	5	ross	ross	PROPN
emaj-162	297	6	,	,	PUNCT
emaj-162	297	7	s.	s.	PROPN
emaj-162	297	8	,	,	PUNCT
emaj-162	297	9	westerfield	westerfield	PROPN
emaj-162	297	10	,	,	PUNCT
emaj-162	297	11	r.	r.	PROPN
emaj-162	297	12	,	,	PUNCT
emaj-162	297	13	jaffe	jaffe	PROPN
emaj-162	297	14	,	,	PUNCT
emaj-162	297	15	j.	j.	PROPN
emaj-162	297	16	and	and	CCONJ
emaj-162	297	17	jordan	jordan	PROPN
emaj-162	297	18	,	,	PUNCT
emaj-162	297	19	b.	b.	PROPN
emaj-162	297	20	(	(	PUNCT
emaj-162	297	21	2010	2010	NUM
emaj-162	297	22	)	)	PUNCT
emaj-162	297	23	.	.	PUNCT
emaj-162	298	1	corporate	corporate	ADJ
emaj-162	298	2	finance	finance	NOUN
emaj-162	298	3	:	:	PUNCT
emaj-162	298	4	european	european	PROPN
emaj-162	298	5	edition	edition	PROPN
emaj-162	298	6	.	.	PUNCT
emaj-162	299	1	london	london	PROPN
emaj-162	299	2	:	:	PUNCT
emaj-162	299	3	mc	mc	PROPN
emaj-162	299	4	graw	graw	PROPN
emaj-162	299	5	-	-	PUNCT
emaj-162	299	6	hill	hill	NOUN
emaj-162	299	7	.	.	PUNCT
emaj-162	300	1	houston	houston	PROPN
emaj-162	300	2	,	,	PUNCT
emaj-162	300	3	j.	j.	PROPN
emaj-162	300	4	,	,	PUNCT
emaj-162	300	5	james	james	PROPN
emaj-162	300	6	,	,	PUNCT
emaj-162	300	7	c.	c.	PROPN
emaj-162	300	8	and	and	CCONJ
emaj-162	300	9	ryngaert	ryngaert	ADJ
emaj-162	300	10	,	,	PUNCT
emaj-162	300	11	m.	m.	NOUN
emaj-162	300	12	(	(	PUNCT
emaj-162	300	13	2001	2001	NUM
emaj-162	300	14	)	)	PUNCT
emaj-162	300	15	.	.	PUNCT
emaj-162	301	1	where	where	SCONJ
emaj-162	301	2	do	do	AUX
emaj-162	301	3	merger	merger	NOUN
emaj-162	301	4	gains	gain	NOUN
emaj-162	301	5	come	come	VERB
emaj-162	301	6	from	from	ADP
emaj-162	301	7	?	?	PUNCT
emaj-162	302	1	bank	bank	NOUN
emaj-162	302	2	mergers	merger	NOUN
emaj-162	302	3	from	from	ADP
emaj-162	302	4	the	the	DET
emaj-162	302	5	perspective	perspective	NOUN
emaj-162	302	6	of	of	ADP
emaj-162	302	7	insiders	insider	NOUN
emaj-162	302	8	and	and	CCONJ
emaj-162	302	9	outsiders	outsider	NOUN
emaj-162	302	10	.	.	PUNCT
emaj-162	303	1	journal	journal	NOUN
emaj-162	303	2	of	of	ADP
emaj-162	303	3	financial	financial	ADJ
emaj-162	303	4	economics	economic	NOUN
emaj-162	303	5	,	,	PUNCT
emaj-162	303	6	60(2	60(2	NUM
emaj-162	303	7	)	)	PUNCT
emaj-162	303	8	,	,	PUNCT
emaj-162	303	9	285331	285331	NUM
emaj-162	303	10	.	.	PUNCT
emaj-162	304	1	houston	houston	PROPN
emaj-162	304	2	,	,	PUNCT
emaj-162	304	3	j.	j.	PROPN
emaj-162	304	4	and	and	CCONJ
emaj-162	304	5	ryangaert	ryangaert	PROPN
emaj-162	304	6	,	,	PUNCT
emaj-162	304	7	m.	m.	NOUN
emaj-162	304	8	(	(	PUNCT
emaj-162	304	9	1994	1994	NUM
emaj-162	304	10	)	)	PUNCT
emaj-162	304	11	.	.	PUNCT
emaj-162	305	1	the	the	DET
emaj-162	305	2	overall	overall	ADJ
emaj-162	305	3	gains	gain	NOUN
emaj-162	305	4	from	from	ADP
emaj-162	305	5	large	large	ADJ
emaj-162	305	6	bank	bank	NOUN
emaj-162	305	7	mergers	merger	NOUN
emaj-162	305	8	.	.	PUNCT
emaj-162	306	1	journal	journal	NOUN
emaj-162	306	2	of	of	ADP
emaj-162	306	3	banking	banking	NOUN
emaj-162	306	4	and	and	CCONJ
emaj-162	306	5	finance	finance	NOUN
emaj-162	306	6	,	,	PUNCT
emaj-162	306	7	18(6	18(6	NOUN
emaj-162	306	8	)	)	PUNCT
emaj-162	306	9	,	,	PUNCT
emaj-162	306	10	1155	1155	NUM
emaj-162	306	11	-	-	SYM
emaj-162	306	12	1176	1176	NUM
emaj-162	306	13	.	.	PUNCT
emaj-162	307	1	huyghebaert	huyghebaert	PROPN
emaj-162	307	2	,	,	PUNCT
emaj-162	307	3	n.	n.	NOUN
emaj-162	307	4	and	and	CCONJ
emaj-162	307	5	luypaert	luypaert	NOUN
emaj-162	307	6	,	,	PUNCT
emaj-162	307	7	m.	m.	NOUN
emaj-162	307	8	(	(	PUNCT
emaj-162	307	9	2010	2010	NUM
emaj-162	307	10	)	)	PUNCT
emaj-162	307	11	.	.	PUNCT
emaj-162	308	1	antecedents	antecedent	NOUN
emaj-162	308	2	of	of	ADP
emaj-162	308	3	growth	growth	NOUN
emaj-162	308	4	mergers	merger	NOUN
emaj-162	308	5	and	and	CCONJ
emaj-162	308	6	acquisitions	acquisition	NOUN
emaj-162	308	7	:	:	PUNCT
emaj-162	308	8	empirical	empirical	ADJ
emaj-162	308	9	results	result	NOUN
emaj-162	308	10	from	from	ADP
emaj-162	308	11	belgium	belgium	PROPN
emaj-162	308	12	.	.	PUNCT
emaj-162	309	1	journal	journal	PROPN
emaj-162	309	2	of	of	ADP
emaj-162	309	3	business	business	NOUN
emaj-162	309	4	research	research	NOUN
emaj-162	309	5	,	,	PUNCT
emaj-162	309	6	63	63	NUM
emaj-162	309	7	,	,	PUNCT
emaj-162	309	8	392	392	NUM
emaj-162	309	9	-	-	SYM
emaj-162	309	10	403	403	NUM
emaj-162	309	11	.	.	PUNCT
emaj-162	310	1	jemison	jemison	PROPN
emaj-162	310	2	,	,	PUNCT
emaj-162	310	3	d.	d.	PROPN
emaj-162	310	4	and	and	CCONJ
emaj-162	310	5	sitkin	sitkin	PROPN
emaj-162	310	6	,	,	PUNCT
emaj-162	310	7	s.	s.	PROPN
emaj-162	310	8	(	(	PUNCT
emaj-162	310	9	1986	1986	NUM
emaj-162	310	10	)	)	PUNCT
emaj-162	310	11	.	.	PUNCT
emaj-162	311	1	corporate	corporate	ADJ
emaj-162	311	2	acquisitions	acquisition	NOUN
emaj-162	311	3	:	:	PUNCT
emaj-162	311	4	a	a	DET
emaj-162	311	5	process	process	NOUN
emaj-162	311	6	perspectives	perspective	NOUN
emaj-162	311	7	.	.	PUNCT
emaj-162	312	1	academy	academy	PROPN
emaj-162	312	2	of	of	ADP
emaj-162	312	3	management	management	PROPN
emaj-162	312	4	review	review	NOUN
emaj-162	312	5	,	,	PUNCT
emaj-162	312	6	11	11	NUM
emaj-162	312	7	,	,	PUNCT
emaj-162	312	8	145	145	NUM
emaj-162	312	9	-	-	SYM
emaj-162	312	10	163	163	NUM
emaj-162	312	11	.	.	PUNCT
emaj-162	313	1	volume	volume	NOUN
emaj-162	313	2	9	9	NUM
emaj-162	313	3	no	no	DET
emaj-162	313	4	1	1	NUM
emaj-162	313	5	(	(	PUNCT
emaj-162	313	6	2019	2019	NUM
emaj-162	313	7	)	)	PUNCT
emaj-162	313	8	|	|	ADV
emaj-162	313	9	issn	issn	VERB
emaj-162	313	10	2158	2158	NUM
emaj-162	313	11	-	-	SYM
emaj-162	313	12	8708	8708	NUM
emaj-162	313	13	(	(	PUNCT
emaj-162	313	14	online	online	NOUN
emaj-162	313	15	)	)	PUNCT
emaj-162	313	16	|	|	ADV
emaj-162	313	17	doi	doi	X
emaj-162	313	18	10.5195	10.5195	NUM
emaj-162	313	19	/	/	SYM
emaj-162	313	20	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	314	1	|	|	ADV
emaj-162	314	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-162	314	3	tarila	tarila	NOUN
emaj-162	314	4	boloupremo	boloupremo	NOUN
emaj-162	314	5	,	,	PUNCT
emaj-162	314	6	samson	samson	PROPN
emaj-162	314	7	ogege	ogege	NOUN
emaj-162	314	8	emerging	emerge	VERB
emaj-162	314	9	markets	market	NOUN
emaj-162	314	10	journal	journal	NOUN
emaj-162	315	1	|	|	ADV
emaj-162	315	2	p	p	NOUN
emaj-162	315	3	a	a	DET
emaj-162	315	4	g	g	NOUN
emaj-162	315	5	e	e	NOUN
emaj-162	315	6	4	4	NUM
emaj-162	315	7	3	3	NUM
emaj-162	315	8	jimmy	jimmy	NOUN
emaj-162	315	9	,	,	PUNCT
emaj-162	315	10	a.	a.	PROPN
emaj-162	315	11	e.	e.	PROPN
emaj-162	315	12	(	(	PUNCT
emaj-162	315	13	2016	2016	NUM
emaj-162	315	14	)	)	PUNCT
emaj-162	315	15	.	.	PUNCT
emaj-162	316	1	an	an	DET
emaj-162	316	2	evaluation	evaluation	NOUN
emaj-162	316	3	of	of	ADP
emaj-162	316	4	organic	organic	ADJ
emaj-162	316	5	growth	growth	NOUN
emaj-162	316	6	and	and	CCONJ
emaj-162	316	7	mergers	merger	NOUN
emaj-162	316	8	and	and	CCONJ
emaj-162	316	9	acquisition	acquisition	NOUN
emaj-162	316	10	as	as	ADP
emaj-162	316	11	strategic	strategic	ADJ
emaj-162	316	12	growth	growth	NOUN
emaj-162	316	13	options	option	NOUN
emaj-162	316	14	in	in	ADP
emaj-162	316	15	the	the	DET
emaj-162	316	16	nigerian	nigerian	ADJ
emaj-162	316	17	banking	banking	NOUN
emaj-162	316	18	sector	sector	NOUN
emaj-162	316	19	.	.	PUNCT
emaj-162	317	1	ma	ma	PROPN
emaj-162	317	2	thesis	thesis	PROPN
emaj-162	317	3	,	,	PUNCT
emaj-162	317	4	university	university	NOUN
emaj-162	317	5	of	of	ADP
emaj-162	317	6	nottingham	nottingham	PROPN
emaj-162	317	7	.	.	PUNCT
emaj-162	318	1	jin	jin	PROPN
emaj-162	318	2	,	,	PUNCT
emaj-162	318	3	q.	q.	PROPN
emaj-162	318	4	j.	j.	PROPN
emaj-162	318	5	and	and	CCONJ
emaj-162	318	6	ligon	ligon	PROPN
emaj-162	318	7	,	,	PUNCT
emaj-162	318	8	j.	j.	PROPN
emaj-162	318	9	a.	a.	PROPN
emaj-162	318	10	(	(	PUNCT
emaj-162	318	11	2011	2011	NUM
emaj-162	318	12	)	)	PUNCT
emaj-162	318	13	.	.	PUNCT
emaj-162	319	1	how	how	SCONJ
emaj-162	319	2	much	much	ADJ
emaj-162	319	3	is	be	AUX
emaj-162	319	4	reasonable	reasonable	ADJ
emaj-162	319	5	?	?	PUNCT
emaj-162	320	1	the	the	DET
emaj-162	320	2	size	size	NOUN
emaj-162	320	3	of	of	ADP
emaj-162	320	4	termination	termination	NOUN
emaj-162	320	5	fees	fee	NOUN
emaj-162	320	6	in	in	ADP
emaj-162	320	7	mergers	merger	NOUN
emaj-162	320	8	and	and	CCONJ
emaj-162	320	9	acquisitions	acquisition	NOUN
emaj-162	320	10	.	.	PUNCT
emaj-162	321	1	journal	journal	NOUN
emaj-162	321	2	of	of	ADP
emaj-162	321	3	corporate	corporate	ADJ
emaj-162	321	4	finance	finance	NOUN
emaj-162	321	5	,	,	PUNCT
emaj-162	321	6	17	17	NUM
emaj-162	321	7	,	,	PUNCT
emaj-162	321	8	959	959	NUM
emaj-162	321	9	-	-	SYM
emaj-162	321	10	981	981	NUM
emaj-162	321	11	.	.	PUNCT
emaj-162	322	1	lehto	lehto	PROPN
emaj-162	322	2	,	,	PUNCT
emaj-162	322	3	e.	e.	PROPN
emaj-162	322	4	and	and	CCONJ
emaj-162	322	5	lehtoranta	lehtoranta	PROPN
emaj-162	322	6	,	,	PUNCT
emaj-162	322	7	o.	o.	PROPN
emaj-162	322	8	(	(	PUNCT
emaj-162	322	9	2004	2004	NUM
emaj-162	322	10	)	)	PUNCT
emaj-162	322	11	.	.	PUNCT
emaj-162	323	1	becoming	become	VERB
emaj-162	323	2	an	an	DET
emaj-162	323	3	acquirer	acquirer	NOUN
emaj-162	323	4	and	and	CCONJ
emaj-162	323	5	becoming	becoming	AUX
emaj-162	323	6	acquired	acquire	VERB
emaj-162	323	7	.	.	PUNCT
emaj-162	324	1	technol	technol	PROPN
emaj-162	324	2	forecast	forecast	VERB
emaj-162	324	3	social	social	ADJ
emaj-162	324	4	change	change	NOUN
emaj-162	324	5	,	,	PUNCT
emaj-162	324	6	71	71	NUM
emaj-162	324	7	,	,	PUNCT
emaj-162	324	8	635	635	NUM
emaj-162	324	9	-	-	SYM
emaj-162	324	10	650	650	NUM
emaj-162	324	11	.	.	PUNCT
emaj-162	325	1	lemo	lemo	NOUN
emaj-162	325	2	,	,	PUNCT
emaj-162	325	3	t.	t.	PROPN
emaj-162	325	4	(	(	PUNCT
emaj-162	325	5	2005	2005	NUM
emaj-162	325	6	)	)	PUNCT
emaj-162	325	7	.	.	PUNCT
emaj-162	326	1	regulatory	regulatory	ADJ
emaj-162	326	2	oversight	oversight	NOUN
emaj-162	326	3	and	and	CCONJ
emaj-162	326	4	stakeholder	stakeholder	NOUN
emaj-162	326	5	protection	protection	NOUN
emaj-162	326	6	.	.	PUNCT
emaj-162	327	1	a	a	DET
emaj-162	327	2	paper	paper	NOUN
emaj-162	327	3	presented	present	VERB
emaj-162	327	4	at	at	ADP
emaj-162	327	5	the	the	DET
emaj-162	327	6	bgl	bgl	PROPN
emaj-162	327	7	mergers	merger	NOUN
emaj-162	327	8	and	and	CCONJ
emaj-162	327	9	acquisitions	acquisition	NOUN
emaj-162	327	10	interactive	interactive	ADJ
emaj-162	327	11	seminar	seminar	NOUN
emaj-162	327	12	,	,	PUNCT
emaj-162	327	13	held	hold	VERB
emaj-162	327	14	at	at	ADP
emaj-162	327	15	eko	eko	PROPN
emaj-162	327	16	hotels	hotel	NOUN
emaj-162	327	17	&	&	CCONJ
emaj-162	327	18	suits	suit	NOUN
emaj-162	327	19	.	.	PUNCT
emaj-162	328	1	v.	v.	ADP
emaj-162	328	2	i.	i.	PROPN
emaj-162	328	3	,	,	PUNCT
emaj-162	328	4	on	on	ADP
emaj-162	328	5	june	june	PROPN
emaj-162	328	6	24	24	NUM
emaj-162	328	7	.	.	PUNCT
emaj-162	329	1	lubatkin	lubatkin	ADJ
emaj-162	329	2	,	,	PUNCT
emaj-162	329	3	m.	m.	NOUN
emaj-162	329	4	(	(	PUNCT
emaj-162	329	5	1986	1986	NUM
emaj-162	329	6	)	)	PUNCT
emaj-162	329	7	.	.	PUNCT
emaj-162	330	1	towards	towards	ADP
emaj-162	330	2	reconciliation	reconciliation	NOUN
emaj-162	330	3	of	of	ADP
emaj-162	330	4	market	market	NOUN
emaj-162	330	5	performance	performance	NOUN
emaj-162	330	6	measures	measure	NOUN
emaj-162	330	7	to	to	ADP
emaj-162	330	8	strategic	strategic	ADJ
emaj-162	330	9	management	management	NOUN
emaj-162	330	10	research	research	NOUN
emaj-162	330	11	.	.	PUNCT
emaj-162	331	1	academy	academy	PROPN
emaj-162	331	2	of	of	ADP
emaj-162	331	3	management	management	PROPN
emaj-162	331	4	review	review	PROPN
emaj-162	331	5	,	,	PUNCT
emaj-162	331	6	11(3	11(3	NUM
emaj-162	331	7	)	)	PUNCT
emaj-162	331	8	,	,	PUNCT
emaj-162	331	9	490	490	NUM
emaj-162	331	10	-	-	SYM
emaj-162	331	11	512	512	NUM
emaj-162	331	12	.	.	PUNCT
emaj-162	332	1	moruff	moruff	PROPN
emaj-162	332	2	,	,	PUNCT
emaj-162	332	3	s.o	s.o	PROPN
emaj-162	332	4	.	.	PROPN
emaj-162	332	5	,	,	PUNCT
emaj-162	332	6	adebiyi	adebiyi	PROPN
emaj-162	332	7	,	,	PUNCT
emaj-162	332	8	j.a	j.a	PROPN
emaj-162	332	9	.	.	PROPN
emaj-162	332	10	&	&	CCONJ
emaj-162	332	11	benneth	benneth	PROPN
emaj-162	332	12	,	,	PUNCT
emaj-162	332	13	u.z	u.z	PROPN
emaj-162	332	14	.	.	PROPN
emaj-162	332	15	(	(	PUNCT
emaj-162	332	16	2018	2018	NUM
emaj-162	332	17	)	)	PUNCT
emaj-162	332	18	.	.	PUNCT
emaj-162	333	1	innovation	innovation	NOUN
emaj-162	333	2	and	and	CCONJ
emaj-162	333	3	internationalization	internationalization	NOUN
emaj-162	333	4	of	of	ADP
emaj-162	333	5	nigeria	nigeria	PROPN
emaj-162	333	6	deposit	deposit	VERB
emaj-162	333	7	money	money	NOUN
emaj-162	333	8	banks	bank	NOUN
emaj-162	333	9	.	.	PUNCT
emaj-162	334	1	emerging	emerge	VERB
emaj-162	334	2	markets	market	NOUN
emaj-162	334	3	journal	journal	NOUN
emaj-162	334	4	,	,	PUNCT
emaj-162	334	5	8(1	8(1	NOUN
emaj-162	334	6	)	)	PUNCT
emaj-162	334	7	,	,	PUNCT
emaj-162	334	8	1	1	NUM
emaj-162	334	9	-	-	SYM
emaj-162	334	10	11	11	NUM
emaj-162	334	11	.	.	PUNCT
emaj-162	335	1	maire	maire	PROPN
emaj-162	335	2	,	,	PUNCT
emaj-162	335	3	s.	s.	PROPN
emaj-162	335	4	and	and	CCONJ
emaj-162	335	5	collerette	collerette	PROPN
emaj-162	335	6	,	,	PUNCT
emaj-162	335	7	p.	p.	NOUN
emaj-162	335	8	(	(	PUNCT
emaj-162	335	9	2011	2011	NUM
emaj-162	335	10	)	)	PUNCT
emaj-162	335	11	.	.	PUNCT
emaj-162	336	1	international	international	ADJ
emaj-162	336	2	postmerger	postmerger	NOUN
emaj-162	336	3	integration	integration	NOUN
emaj-162	336	4	:	:	PUNCT
emaj-162	336	5	lessons	lesson	NOUN
emaj-162	336	6	from	from	ADP
emaj-162	336	7	an	an	DET
emaj-162	336	8	integration	integration	NOUN
emaj-162	336	9	project	project	NOUN
emaj-162	336	10	in	in	ADP
emaj-162	336	11	the	the	DET
emaj-162	336	12	private	private	ADJ
emaj-162	336	13	banking	banking	NOUN
emaj-162	336	14	sector	sector	NOUN
emaj-162	336	15	.	.	PUNCT
emaj-162	337	1	international	international	ADJ
emaj-162	337	2	journal	journal	PROPN
emaj-162	337	3	of	of	ADP
emaj-162	337	4	project	project	NOUN
emaj-162	337	5	management	management	NOUN
emaj-162	337	6	,	,	PUNCT
emaj-162	337	7	29	29	NUM
emaj-162	337	8	,	,	PUNCT
emaj-162	337	9	279	279	NUM
emaj-162	337	10	-	-	SYM
emaj-162	337	11	294	294	NUM
emaj-162	337	12	.	.	PUNCT
emaj-162	338	1	malmendier	malmendier	NOUN
emaj-162	338	2	,	,	PUNCT
emaj-162	338	3	u.	u.	PROPN
emaj-162	338	4	and	and	CCONJ
emaj-162	338	5	tate	tate	PROPN
emaj-162	338	6	,	,	PUNCT
emaj-162	338	7	g.	g.	PROPN
emaj-162	338	8	(	(	PUNCT
emaj-162	338	9	2008	2008	NUM
emaj-162	338	10	)	)	PUNCT
emaj-162	338	11	.	.	PUNCT
emaj-162	339	1	who	who	PRON
emaj-162	339	2	makes	make	VERB
emaj-162	339	3	acquisition	acquisition	NOUN
emaj-162	339	4	?	?	PUNCT
emaj-162	340	1	ceo	ceo	NOUN
emaj-162	340	2	overconfidence	overconfidence	NOUN
emaj-162	340	3	and	and	CCONJ
emaj-162	340	4	the	the	DET
emaj-162	340	5	market	market	NOUN
emaj-162	340	6	’s	’s	PART
emaj-162	340	7	reaction	reaction	NOUN
emaj-162	340	8	.	.	PUNCT
emaj-162	341	1	journal	journal	NOUN
emaj-162	341	2	of	of	ADP
emaj-162	341	3	finance	finance	NOUN
emaj-162	341	4	economics	economic	NOUN
emaj-162	341	5	,	,	PUNCT
emaj-162	341	6	89	89	NUM
emaj-162	341	7	,	,	PUNCT
emaj-162	341	8	20	20	NUM
emaj-162	341	9	-	-	SYM
emaj-162	341	10	43	43	NUM
emaj-162	341	11	.	.	PUNCT
emaj-162	342	1	moeller	moeller	PROPN
emaj-162	342	2	,	,	PUNCT
emaj-162	342	3	s.	s.	PROPN
emaj-162	342	4	b.	b.	PROPN
emaj-162	342	5	and	and	CCONJ
emaj-162	342	6	schlingermann	schlingermann	PROPN
emaj-162	342	7	,	,	PUNCT
emaj-162	342	8	f.	f.	PROPN
emaj-162	342	9	p.	p.	PROPN
emaj-162	342	10	(	(	PUNCT
emaj-162	342	11	2005	2005	NUM
emaj-162	342	12	)	)	PUNCT
emaj-162	342	13	.	.	PUNCT
emaj-162	343	1	global	global	ADJ
emaj-162	343	2	diversification	diversification	NOUN
emaj-162	343	3	and	and	CCONJ
emaj-162	343	4	bidder	bidder	NOUN
emaj-162	343	5	gains	gain	NOUN
emaj-162	343	6	:	:	PUNCT
emaj-162	343	7	a	a	DET
emaj-162	343	8	comparison	comparison	NOUN
emaj-162	343	9	between	between	ADP
emaj-162	343	10	cros	cro	NOUN
emaj-162	343	11	border	border	NOUN
emaj-162	343	12	and	and	CCONJ
emaj-162	343	13	domestic	domestic	ADJ
emaj-162	343	14	acquisitions	acquisition	NOUN
emaj-162	343	15	.	.	PUNCT
emaj-162	344	1	journal	journal	NOUN
emaj-162	344	2	of	of	ADP
emaj-162	344	3	bank	bank	PROPN
emaj-162	344	4	finance	finance	NOUN
emaj-162	344	5	,	,	PUNCT
emaj-162	344	6	29	29	NUM
emaj-162	344	7	,	,	PUNCT
emaj-162	344	8	533	533	NUM
emaj-162	344	9	-	-	SYM
emaj-162	344	10	564	564	NUM
emaj-162	344	11	.	.	PUNCT
emaj-162	345	1	ogbonna	ogbonna	PROPN
emaj-162	345	2	,	,	PUNCT
emaj-162	345	3	a.	a.	NOUN
emaj-162	345	4	(	(	PUNCT
emaj-162	345	5	2007	2007	NUM
emaj-162	345	6	)	)	PUNCT
emaj-162	345	7	.	.	PUNCT
emaj-162	346	1	can	can	AUX
emaj-162	346	2	the	the	DET
emaj-162	346	3	real	real	ADJ
emaj-162	346	4	sector	sector	NOUN
emaj-162	346	5	count	count	NOUN
emaj-162	346	6	on	on	ADP
emaj-162	346	7	nigerian	nigerian	ADJ
emaj-162	346	8	banks	bank	NOUN
emaj-162	346	9	?	?	PUNCT
emaj-162	346	10	.	.	PUNCT
emaj-162	347	1	the	the	DET
emaj-162	347	2	sun	sun	PROPN
emaj-162	347	3	news	news	PROPN
emaj-162	347	4	online	online	ADV
emaj-162	347	5	(	(	PUNCT
emaj-162	347	6	online	online	ADJ
emaj-162	347	7	)	)	PUNCT
emaj-162	347	8	18	18	NUM
emaj-162	347	9	october	october	NOUN
emaj-162	347	10	2007	2007	NUM
emaj-162	347	11	.	.	PUNCT
emaj-162	348	1	available	available	ADJ
emaj-162	348	2	at	at	ADP
emaj-162	348	3	:	:	PUNCT
emaj-162	348	4	<	<	X
emaj-162	348	5	http://www.sunnewsonline.com/webpages/fea	http://www.sunnewsonline.com/webpages/fea	PROPN
emaj-162	348	6	tures	ture	NOUN
emaj-162	348	7	/	/	SYM
emaj-162	348	8	money/2007	money/2007	ADJ
emaj-162	348	9	/	/	SYM
emaj-162	348	10	oct/18	oct/18	NOUN
emaj-162	348	11	/	/	SYM
emaj-162	348	12	mone	mone	VERB
emaj-162	348	13	y-1810-07-002.htm	y-1810-07-002.htm	PROPN
emaj-162	348	14	.	.	PUNCT
emaj-162	349	1	okpanachi	okpanachi	PROPN
emaj-162	349	2	,	,	PUNCT
emaj-162	349	3	j.	j.	PROPN
emaj-162	349	4	(	(	PUNCT
emaj-162	349	5	2015	2015	NUM
emaj-162	349	6	)	)	PUNCT
emaj-162	349	7	.	.	PUNCT
emaj-162	350	1	comparative	comparative	ADJ
emaj-162	350	2	analysis	analysis	NOUN
emaj-162	350	3	of	of	ADP
emaj-162	350	4	the	the	DET
emaj-162	350	5	impact	impact	NOUN
emaj-162	350	6	of	of	ADP
emaj-162	350	7	mergers	merger	NOUN
emaj-162	350	8	and	and	CCONJ
emaj-162	350	9	acquisitions	acquisition	NOUN
emaj-162	350	10	on	on	ADP
emaj-162	350	11	the	the	DET
emaj-162	350	12	financial	financial	ADJ
emaj-162	350	13	efficiency	efficiency	NOUN
emaj-162	350	14	of	of	ADP
emaj-162	350	15	banks	bank	NOUN
emaj-162	350	16	in	in	ADP
emaj-162	350	17	nigeria	nigeria	PROPN
emaj-162	350	18	.	.	PUNCT
emaj-162	351	1	journal	journal	PROPN
emaj-162	351	2	of	of	ADP
emaj-162	351	3	accounting	accounting	NOUN
emaj-162	351	4	and	and	CCONJ
emaj-162	351	5	taxation	taxation	NOUN
emaj-162	351	6	,	,	PUNCT
emaj-162	351	7	3(1	3(1	NUM
emaj-162	351	8	)	)	PUNCT
emaj-162	351	9	,	,	PUNCT
emaj-162	351	10	1	1	NUM
emaj-162	351	11	-	-	SYM
emaj-162	351	12	7	7	NUM
emaj-162	351	13	.	.	PUNCT
emaj-162	351	14	okafor	okafor	PROPN
emaj-162	351	15	,	,	PUNCT
emaj-162	351	16	e.	e.	PROPN
emaj-162	351	17	e.	e.	PROPN
emaj-162	351	18	(	(	PUNCT
emaj-162	351	19	2009	2009	NUM
emaj-162	351	20	)	)	PUNCT
emaj-162	351	21	.	.	PUNCT
emaj-162	352	1	post	post	VERB
emaj-162	352	2	consolidation	consolidation	NOUN
emaj-162	352	3	challenges	challenge	NOUN
emaj-162	352	4	and	and	CCONJ
emaj-162	352	5	strategies	strategy	NOUN
emaj-162	352	6	for	for	ADP
emaj-162	352	7	managing	manage	VERB
emaj-162	352	8	employees	employee	NOUN
emaj-162	352	9	resistance	resistance	NOUN
emaj-162	352	10	to	to	PART
emaj-162	352	11	change	change	VERB
emaj-162	352	12	in	in	ADP
emaj-162	352	13	the	the	DET
emaj-162	352	14	banking	banking	NOUN
emaj-162	352	15	sector	sector	NOUN
emaj-162	352	16	in	in	ADP
emaj-162	352	17	nigeria	nigeria	PROPN
emaj-162	352	18	.	.	PUNCT
emaj-162	353	1	journal	journal	PROPN
emaj-162	353	2	of	of	ADP
emaj-162	353	3	social	social	ADJ
emaj-162	353	4	sciences	science	NOUN
emaj-162	353	5	,	,	PUNCT
emaj-162	353	6	19(2	19(2	NUM
emaj-162	353	7	)	)	PUNCT
emaj-162	353	8	,	,	PUNCT
emaj-162	353	9	129	129	NUM
emaj-162	353	10	-	-	SYM
emaj-162	353	11	139	139	NUM
emaj-162	353	12	.	.	PUNCT
emaj-162	353	13	okonkwo	okonkwo	PROPN
emaj-162	353	14	,	,	PUNCT
emaj-162	354	1	c.	c.	PROPN
emaj-162	354	2	o.	o.	PROPN
emaj-162	354	3	(	(	PUNCT
emaj-162	354	4	2004	2004	NUM
emaj-162	354	5	)	)	PUNCT
emaj-162	354	6	.	.	PUNCT
emaj-162	355	1	legal	legal	ADJ
emaj-162	355	2	framework	framework	NOUN
emaj-162	355	3	for	for	ADP
emaj-162	355	4	mergers	merger	NOUN
emaj-162	355	5	and	and	CCONJ
emaj-162	355	6	acquisitions	acquisition	NOUN
emaj-162	355	7	.	.	PUNCT
emaj-162	356	1	central	central	ADJ
emaj-162	356	2	bank	bank	PROPN
emaj-162	356	3	of	of	ADP
emaj-162	356	4	nigeria	nigeria	PROPN
emaj-162	356	5	(	(	PUNCT
emaj-162	356	6	online	online	ADJ
emaj-162	356	7	)	)	PUNCT
emaj-162	356	8	.	.	PUNCT
emaj-162	357	1	available	available	ADJ
emaj-162	357	2	at	at	ADP
emaj-162	357	3	:	:	PUNCT
emaj-162	357	4	<	<	X
emaj-162	357	5	http://www.cenbank.org/out/publications/bsd/	http://www.cenbank.org/out/publications/bsd/	PRON
emaj-162	357	6	2005	2005	NUM
emaj-162	357	7	/	/	SYM
emaj-162	357	8	legal%20framework%20for%20mergers	legal%20framework%20for%20merger	NOUN
emaj-162	357	9	%	%	NOUN
emaj-162	358	1	20%acquisitions.pdf	20%acquisitions.pdf	NUM
emaj-162	358	2	olsen	olsen	NOUN
emaj-162	358	3	,	,	PUNCT
emaj-162	358	4	g.	g.	PROPN
emaj-162	358	5	t.	t.	PROPN
emaj-162	358	6	,	,	PUNCT
emaj-162	358	7	&	&	CCONJ
emaj-162	358	8	pagano	pagano	PROPN
emaj-162	358	9	,	,	PUNCT
emaj-162	358	10	m.	m.	NOUN
emaj-162	358	11	s.	s.	PROPN
emaj-162	358	12	(	(	PUNCT
emaj-162	358	13	2005	2005	NUM
emaj-162	358	14	)	)	PUNCT
emaj-162	358	15	.	.	PUNCT
emaj-162	359	1	a	a	DET
emaj-162	359	2	new	new	ADJ
emaj-162	359	3	application	application	NOUN
emaj-162	359	4	of	of	ADP
emaj-162	359	5	sustainable	sustainable	ADJ
emaj-162	359	6	growth	growth	NOUN
emaj-162	359	7	:	:	PUNCT
emaj-162	359	8	a	a	DET
emaj-162	359	9	multi	multi	ADJ
emaj-162	359	10	-	-	ADJ
emaj-162	359	11	dimensional	dimensional	ADJ
emaj-162	359	12	framework	framework	NOUN
emaj-162	359	13	for	for	ADP
emaj-162	359	14	evaluating	evaluate	VERB
emaj-162	359	15	the	the	DET
emaj-162	359	16	long	long	ADJ
emaj-162	359	17	run	run	NOUN
emaj-162	359	18	performance	performance	NOUN
emaj-162	359	19	of	of	ADP
emaj-162	359	20	bank	bank	NOUN
emaj-162	359	21	mergers	merger	NOUN
emaj-162	359	22	.	.	PUNCT
emaj-162	360	1	journal	journal	NOUN
emaj-162	360	2	of	of	ADP
emaj-162	360	3	business	business	NOUN
emaj-162	360	4	,	,	PUNCT
emaj-162	360	5	finance	finance	NOUN
emaj-162	360	6	and	and	CCONJ
emaj-162	360	7	accounting	accounting	NOUN
emaj-162	360	8	,	,	PUNCT
emaj-162	360	9	32	32	NUM
emaj-162	360	10	,	,	PUNCT
emaj-162	360	11	1995	1995	NUM
emaj-162	360	12	–	–	PUNCT
emaj-162	360	13	2036	2036	NUM
emaj-162	360	14	.	.	PUNCT
emaj-162	361	1	palia	palia	PROPN
emaj-162	361	2	,	,	PUNCT
emaj-162	361	3	d.	d.	PROPN
emaj-162	361	4	(	(	PUNCT
emaj-162	361	5	1993	1993	NUM
emaj-162	361	6	)	)	PUNCT
emaj-162	361	7	.	.	PUNCT
emaj-162	362	1	the	the	DET
emaj-162	362	2	managerial	managerial	ADJ
emaj-162	362	3	,	,	PUNCT
emaj-162	362	4	regulatory	regulatory	ADJ
emaj-162	362	5	and	and	CCONJ
emaj-162	362	6	financial	financial	ADJ
emaj-162	362	7	determinants	determinant	NOUN
emaj-162	362	8	of	of	ADP
emaj-162	362	9	bank	bank	NOUN
emaj-162	362	10	merger	merger	NOUN
emaj-162	362	11	premiums	premium	NOUN
emaj-162	362	12	.	.	PUNCT
emaj-162	363	1	journal	journal	NOUN
emaj-162	363	2	of	of	ADP
emaj-162	363	3	industrial	industrial	ADJ
emaj-162	363	4	economics	economic	NOUN
emaj-162	363	5	,	,	PUNCT
emaj-162	363	6	41	41	NUM
emaj-162	363	7	,	,	PUNCT
emaj-162	363	8	91	91	NUM
emaj-162	363	9	-	-	SYM
emaj-162	363	10	102	102	NUM
emaj-162	363	11	.	.	PUNCT
emaj-162	364	1	pilloff	pilloff	PROPN
emaj-162	364	2	,	,	PUNCT
emaj-162	364	3	s.	s.	PROPN
emaj-162	364	4	j.	j.	PROPN
emaj-162	364	5	,	,	PUNCT
emaj-162	364	6	&	&	CCONJ
emaj-162	364	7	santomero	santomero	PROPN
emaj-162	364	8	,	,	PUNCT
emaj-162	364	9	a.	a.	NOUN
emaj-162	364	10	m.	m.	NOUN
emaj-162	364	11	(	(	PUNCT
emaj-162	364	12	1998	1998	NUM
emaj-162	364	13	)	)	PUNCT
emaj-162	364	14	.	.	PUNCT
emaj-162	365	1	the	the	DET
emaj-162	365	2	value	value	NOUN
emaj-162	365	3	effects	effect	NOUN
emaj-162	365	4	of	of	ADP
emaj-162	365	5	bank	bank	NOUN
emaj-162	365	6	mergers	merger	NOUN
emaj-162	365	7	and	and	CCONJ
emaj-162	365	8	acquisitions	acquisition	NOUN
emaj-162	365	9	in	in	ADP
emaj-162	365	10	y.	y.	PROPN
emaj-162	365	11	amihud	amihud	PROPN
emaj-162	365	12	,	,	PUNCT
emaj-162	365	13	&	&	CCONJ
emaj-162	365	14	g.	g.	PROPN
emaj-162	365	15	miller	miller	PROPN
emaj-162	365	16	(	(	PUNCT
emaj-162	365	17	eds	eds	PROPN
emaj-162	365	18	.	.	PUNCT
emaj-162	365	19	)	)	PUNCT
emaj-162	365	20	,	,	PUNCT
emaj-162	365	21	mergers	merger	NOUN
emaj-162	365	22	and	and	CCONJ
emaj-162	365	23	acquisitions	acquisition	NOUN
emaj-162	365	24	.	.	PUNCT
emaj-162	366	1	ny	ny	PROPN
emaj-162	366	2	:	:	PUNCT
emaj-162	366	3	kluwer	kluwer	PROPN
emaj-162	366	4	academic	academic	ADJ
emaj-162	366	5	publishers	publisher	NOUN
emaj-162	366	6	59–78	59–78	NUM
emaj-162	366	7	.	.	PUNCT
emaj-162	367	1	powell	powell	PROPN
emaj-162	367	2	,	,	PUNCT
emaj-162	367	3	r.	r.	PROPN
emaj-162	367	4	and	and	CCONJ
emaj-162	367	5	yawson	yawson	PROPN
emaj-162	367	6	,	,	PUNCT
emaj-162	367	7	a.	a.	NOUN
emaj-162	367	8	(	(	PUNCT
emaj-162	367	9	2005	2005	NUM
emaj-162	367	10	)	)	PUNCT
emaj-162	367	11	.	.	PUNCT
emaj-162	368	1	industry	industry	NOUN
emaj-162	368	2	aspects	aspect	NOUN
emaj-162	368	3	of	of	ADP
emaj-162	368	4	takeovers	takeover	NOUN
emaj-162	368	5	and	and	CCONJ
emaj-162	368	6	divestitures	divestiture	NOUN
emaj-162	368	7	:	:	PUNCT
emaj-162	368	8	evidence	evidence	NOUN
emaj-162	368	9	from	from	ADP
emaj-162	368	10	the	the	DET
emaj-162	368	11	uk	uk	PROPN
emaj-162	368	12	.	.	PROPN
emaj-162	368	13	journal	journal	PROPN
emaj-162	368	14	of	of	ADP
emaj-162	368	15	bank	bank	PROPN
emaj-162	368	16	finance	finance	NOUN
emaj-162	368	17	,	,	PUNCT
emaj-162	368	18	29	29	NUM
emaj-162	368	19	,	,	PUNCT
emaj-162	368	20	3015	3015	NUM
emaj-162	368	21	-	-	SYM
emaj-162	368	22	3040	3040	NUM
emaj-162	368	23	.	.	PUNCT
emaj-162	369	1	ramaswamy	ramaswamy	ADJ
emaj-162	369	2	,	,	PUNCT
emaj-162	369	3	k.	k.	PROPN
emaj-162	369	4	(	(	PUNCT
emaj-162	369	5	1997	1997	NUM
emaj-162	369	6	)	)	PUNCT
emaj-162	369	7	.	.	PUNCT
emaj-162	370	1	the	the	DET
emaj-162	370	2	performance	performance	NOUN
emaj-162	370	3	impact	impact	NOUN
emaj-162	370	4	of	of	ADP
emaj-162	370	5	strategic	strategic	ADJ
emaj-162	370	6	similarity	similarity	NOUN
emaj-162	370	7	in	in	ADP
emaj-162	370	8	horizontal	horizontal	ADJ
emaj-162	370	9	mergers	merger	NOUN
emaj-162	370	10	:	:	PUNCT
emaj-162	370	11	evidence	evidence	NOUN
emaj-162	370	12	from	from	ADP
emaj-162	370	13	the	the	DET
emaj-162	370	14	u.s	u.s	PROPN
emaj-162	370	15	.	.	PROPN
emaj-162	370	16	banking	banking	NOUN
emaj-162	370	17	industry	industry	NOUN
emaj-162	370	18	.	.	PUNCT
emaj-162	371	1	academy	academy	PROPN
emaj-162	371	2	of	of	ADP
emaj-162	371	3	management	management	PROPN
emaj-162	371	4	journal	journal	PROPN
emaj-162	371	5	40	40	NUM
emaj-162	371	6	,	,	PUNCT
emaj-162	371	7	697	697	NUM
emaj-162	371	8	-	-	SYM
emaj-162	371	9	715	715	NUM
emaj-162	371	10	.	.	PUNCT
emaj-162	372	1	roll	roll	NOUN
emaj-162	372	2	,	,	PUNCT
emaj-162	372	3	r.	r.	PROPN
emaj-162	372	4	(	(	PUNCT
emaj-162	372	5	1986	1986	NUM
emaj-162	372	6	)	)	PUNCT
emaj-162	372	7	.	.	PUNCT
emaj-162	373	1	the	the	DET
emaj-162	373	2	hubris	hubris	NOUN
emaj-162	373	3	hypothesis	hypothesis	NOUN
emaj-162	373	4	of	of	ADP
emaj-162	373	5	corporate	corporate	ADJ
emaj-162	373	6	takeovers	takeover	NOUN
emaj-162	373	7	.	.	PUNCT
emaj-162	374	1	journal	journal	NOUN
emaj-162	374	2	of	of	ADP
emaj-162	374	3	business	business	NOUN
emaj-162	374	4	69	69	NUM
emaj-162	374	5	,	,	PUNCT
emaj-162	374	6	197	197	NUM
emaj-162	374	7	-	-	SYM
emaj-162	374	8	216	216	NUM
emaj-162	374	9	.	.	PUNCT
emaj-162	375	1	sanusi	sanusi	PROPN
emaj-162	375	2	,	,	PUNCT
emaj-162	375	3	l.	l.	PROPN
emaj-162	375	4	(	(	PUNCT
emaj-162	375	5	2011	2011	NUM
emaj-162	375	6	)	)	PUNCT
emaj-162	375	7	.	.	PUNCT
emaj-162	376	1	banks	bank	NOUN
emaj-162	376	2	in	in	ADP
emaj-162	376	3	nigeria	nigeria	PROPN
emaj-162	376	4	and	and	CCONJ
emaj-162	376	5	national	national	ADJ
emaj-162	376	6	economic	economic	ADJ
emaj-162	376	7	development	development	NOUN
emaj-162	376	8	:	:	PUNCT
emaj-162	376	9	a	a	DET
emaj-162	376	10	critical	critical	ADJ
emaj-162	376	11	review	review	NOUN
emaj-162	376	12	(	(	PUNCT
emaj-162	376	13	online	online	ADJ
emaj-162	376	14	)	)	PUNCT
emaj-162	376	15	.	.	PUNCT
emaj-162	377	1	bis	bis	PROPN
emaj-162	377	2	central	central	ADJ
emaj-162	377	3	bankers	banker	NOUN
emaj-162	377	4	speeches	speeche	VERB
emaj-162	377	5	.	.	PUNCT
emaj-162	378	1	available	available	ADJ
emaj-162	378	2	at	at	ADP
emaj-162	378	3	:	:	PUNCT
emaj-162	378	4	http://www.bis.org/review/r110323b.pdf	http://www.bis.org/review/r110323b.pdf	ADJ
emaj-162	378	5	schiereck	schiereck	NOUN
emaj-162	378	6	,	,	PUNCT
emaj-162	378	7	d.	d.	PROPN
emaj-162	378	8	,	,	PUNCT
emaj-162	378	9	sigl	sigl	NOUN
emaj-162	378	10	-	-	PUNCT
emaj-162	378	11	grub	grub	PROPN
emaj-162	378	12	,	,	PUNCT
emaj-162	378	13	c.	c.	NOUN
emaj-162	378	14	and	and	CCONJ
emaj-162	378	15	unverhau	unverhau	NOUN
emaj-162	378	16	,	,	PUNCT
emaj-162	378	17	j.	j.	PROPN
emaj-162	378	18	(	(	PUNCT
emaj-162	378	19	2009	2009	NUM
emaj-162	378	20	)	)	PUNCT
emaj-162	378	21	.	.	PUNCT
emaj-162	379	1	investment	investment	NOUN
emaj-162	379	2	bank	bank	NOUN
emaj-162	379	3	reputation	reputation	NOUN
emaj-162	379	4	and	and	CCONJ
emaj-162	379	5	shareholder	shareholder	NOUN
emaj-162	379	6	wealth	wealth	NOUN
emaj-162	379	7	effects	effect	NOUN
emaj-162	379	8	in	in	ADP
emaj-162	379	9	mergers	merger	NOUN
emaj-162	379	10	and	and	CCONJ
emaj-162	379	11	acquisitions	acquisition	NOUN
emaj-162	379	12	.	.	PUNCT
emaj-162	380	1	research	research	NOUN
emaj-162	380	2	in	in	ADP
emaj-162	380	3	international	international	ADJ
emaj-162	380	4	business	business	NOUN
emaj-162	380	5	and	and	CCONJ
emaj-162	380	6	finance	finance	NOUN
emaj-162	380	7	.	.	PUNCT
emaj-162	381	1	23(3	23(3	NUM
emaj-162	381	2	)	)	PUNCT
emaj-162	381	3	,	,	PUNCT
emaj-162	381	4	257	257	NUM
emaj-162	381	5	-	-	SYM
emaj-162	381	6	273	273	NUM
emaj-162	381	7	.	.	PUNCT
emaj-162	381	8	shleifer	shleifer	PROPN
emaj-162	381	9	,	,	PUNCT
emaj-162	381	10	a.	a.	NOUN
emaj-162	381	11	and	and	CCONJ
emaj-162	381	12	vishny	vishny	PROPN
emaj-162	381	13	,	,	PUNCT
emaj-162	381	14	r.	r.	PROPN
emaj-162	381	15	(	(	PUNCT
emaj-162	381	16	2003	2003	NUM
emaj-162	381	17	)	)	PUNCT
emaj-162	381	18	.	.	PUNCT
emaj-162	382	1	stock	stock	NOUN
emaj-162	382	2	market	market	NOUN
emaj-162	382	3	driven	drive	VERB
emaj-162	382	4	acquisitions	acquisition	NOUN
emaj-162	382	5	.	.	PUNCT
emaj-162	383	1	journal	journal	NOUN
emaj-162	383	2	of	of	ADP
emaj-162	383	3	finance	finance	NOUN
emaj-162	383	4	economics	economic	NOUN
emaj-162	383	5	,	,	PUNCT
emaj-162	383	6	70	70	NUM
emaj-162	383	7	,	,	PUNCT
emaj-162	383	8	295	295	NUM
emaj-162	383	9	-	-	SYM
emaj-162	383	10	311	311	NUM
emaj-162	383	11	.	.	PUNCT
emaj-162	384	1	volume	volume	NOUN
emaj-162	384	2	9	9	NUM
emaj-162	384	3	no	no	DET
emaj-162	384	4	1	1	NUM
emaj-162	384	5	(	(	PUNCT
emaj-162	384	6	2019	2019	NUM
emaj-162	384	7	)	)	PUNCT
emaj-162	384	8	|	|	ADV
emaj-162	384	9	issn	issn	VERB
emaj-162	384	10	2158	2158	NUM
emaj-162	384	11	-	-	SYM
emaj-162	384	12	8708	8708	NUM
emaj-162	384	13	(	(	PUNCT
emaj-162	384	14	online	online	NOUN
emaj-162	384	15	)	)	PUNCT
emaj-162	384	16	|	|	ADV
emaj-162	384	17	doi	doi	X
emaj-162	384	18	10.5195	10.5195	NUM
emaj-162	384	19	/	/	SYM
emaj-162	384	20	emaj.2019.162	emaj.2019.162	PROPN
emaj-162	385	1	|	|	ADV
emaj-162	385	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-162	385	3	mergers	merger	NOUN
emaj-162	385	4	,	,	PUNCT
emaj-162	385	5	acquisitions	acquisition	NOUN
emaj-162	385	6	and	and	CCONJ
emaj-162	385	7	financial	financial	ADJ
emaj-162	385	8	performance	performance	NOUN
emaj-162	385	9	:	:	PUNCT
emaj-162	385	10	a	a	DET
emaj-162	385	11	study	study	NOUN
emaj-162	385	12	of	of	ADP
emaj-162	385	13	selected	select	VERB
emaj-162	385	14	financial	financial	ADJ
emaj-162	385	15	institutions	institution	NOUN
emaj-162	385	16	page	page	VERB
emaj-162	385	17	|44|	|44|	NOUN
emaj-162	385	18	emerging	emerge	VERB
emaj-162	385	19	markets	market	NOUN
emaj-162	385	20	journal	journal	PROPN
emaj-162	385	21	schneider	schneider	PROPN
emaj-162	385	22	,	,	PUNCT
emaj-162	385	23	w.	w.	PROPN
emaj-162	385	24	(	(	PUNCT
emaj-162	385	25	2003	2003	NUM
emaj-162	385	26	)	)	PUNCT
emaj-162	385	27	.	.	PUNCT
emaj-162	386	1	trouble	trouble	NOUN
emaj-162	386	2	at	at	ADP
emaj-162	386	3	the	the	DET
emaj-162	386	4	top	top	NOUN
emaj-162	386	5	:	:	PUNCT
emaj-162	386	6	a	a	DET
emaj-162	386	7	sign	sign	NOUN
emaj-162	386	8	of	of	ADP
emaj-162	386	9	deal	deal	NOUN
emaj-162	386	10	disorder	disorder	NOUN
emaj-162	386	11	.	.	PUNCT
emaj-162	387	1	mergers	merger	NOUN
emaj-162	387	2	and	and	CCONJ
emaj-162	387	3	acquisition	acquisition	NOUN
emaj-162	387	4	:	:	PUNCT
emaj-162	387	5	the	the	DET
emaj-162	387	6	dealmakers	dealmaker	NOUN
emaj-162	387	7	journal	journal	NOUN
emaj-162	387	8	,	,	PUNCT
emaj-162	387	9	38	38	NUM
emaj-162	387	10	(	(	PUNCT
emaj-162	387	11	4	4	NUM
emaj-162	387	12	)	)	PUNCT
emaj-162	387	13	,	,	PUNCT
emaj-162	387	14	30	30	NUM
emaj-162	387	15	-	-	SYM
emaj-162	387	16	33	33	NUM
emaj-162	387	17	.	.	PUNCT
emaj-162	387	18	soludo	soludo	PROPN
emaj-162	387	19	,	,	PUNCT
emaj-162	387	20	c.	c.	PROPN
emaj-162	387	21	c.	c.	PROPN
emaj-162	387	22	(	(	PUNCT
emaj-162	387	23	2004	2004	NUM
emaj-162	387	24	)	)	PUNCT
emaj-162	387	25	.	.	PUNCT
emaj-162	388	1	consolidating	consolidate	VERB
emaj-162	388	2	the	the	DET
emaj-162	388	3	nigerian	nigerian	ADJ
emaj-162	388	4	banking	banking	NOUN
emaj-162	388	5	industry	industry	NOUN
emaj-162	388	6	to	to	PART
emaj-162	388	7	meet	meet	VERB
emaj-162	388	8	the	the	DET
emaj-162	388	9	development	development	NOUN
emaj-162	388	10	challenges	challenge	NOUN
emaj-162	388	11	of	of	ADP
emaj-162	388	12	the	the	DET
emaj-162	388	13	21st	21st	ADJ
emaj-162	388	14	century	century	NOUN
emaj-162	388	15	.	.	PUNCT
emaj-162	389	1	bis	bis	PROPN
emaj-162	389	2	review	review	PROPN
emaj-162	389	3	,	,	PUNCT
emaj-162	389	4	43	43	NUM
emaj-162	389	5	.	.	PUNCT
emaj-162	390	1	umoren	umoren	PROPN
emaj-162	390	2	,	,	PUNCT
emaj-162	390	3	a.	a.	NOUN
emaj-162	390	4	and	and	CCONJ
emaj-162	390	5	olokoyo	olokoyo	PROPN
emaj-162	390	6	,	,	PUNCT
emaj-162	390	7	f.	f.	PROPN
emaj-162	390	8	(	(	PUNCT
emaj-162	390	9	2007	2007	NUM
emaj-162	390	10	)	)	PUNCT
emaj-162	390	11	.	.	PUNCT
emaj-162	391	1	merger	merger	NOUN
emaj-162	391	2	and	and	CCONJ
emaj-162	391	3	acquisition	acquisition	NOUN
emaj-162	391	4	in	in	ADP
emaj-162	391	5	nigeria	nigeria	PROPN
emaj-162	391	6	:	:	PUNCT
emaj-162	391	7	analysis	analysis	NOUN
emaj-162	391	8	and	and	CCONJ
emaj-162	391	9	performance	performance	NOUN
emaj-162	391	10	pre	pre	ADJ
emaj-162	391	11	and	and	CCONJ
emaj-162	391	12	post	post	VERB
emaj-162	391	13	consolidation	consolidation	NOUN
emaj-162	391	14	.	.	PUNCT
emaj-162	392	1	lagos	lago	NOUN
emaj-162	392	2	journal	journal	NOUN
emaj-162	392	3	of	of	ADP
emaj-162	392	4	banking	banking	NOUN
emaj-162	392	5	,	,	PUNCT
emaj-162	392	6	finance	finance	NOUN
emaj-162	392	7	and	and	CCONJ
emaj-162	392	8	economic	economic	ADJ
emaj-162	392	9	issues	issue	NOUN
emaj-162	392	10	,	,	PUNCT
emaj-162	392	11	1(1	1(1	NUM
emaj-162	392	12	)	)	PUNCT
emaj-162	392	13	,	,	PUNCT
emaj-162	392	14	1	1	NUM
emaj-162	392	15	-	-	SYM
emaj-162	392	16	17	17	NUM
emaj-162	392	17	.	.	PUNCT
emaj-162	393	1	valkanov	valkanov	PROPN
emaj-162	393	2	,	,	PUNCT
emaj-162	393	3	e.	e.	PROPN
emaj-162	393	4	and	and	CCONJ
emaj-162	393	5	kleimeier	kleimeier	PROPN
emaj-162	393	6	.	.	PUNCT
emaj-162	394	1	(	(	PUNCT
emaj-162	394	2	2007	2007	NUM
emaj-162	394	3	)	)	PUNCT
emaj-162	394	4	.	.	PUNCT
emaj-162	395	1	the	the	DET
emaj-162	395	2	role	role	NOUN
emaj-162	395	3	of	of	ADP
emaj-162	395	4	regulatory	regulatory	ADJ
emaj-162	395	5	capital	capital	NOUN
emaj-162	395	6	in	in	ADP
emaj-162	395	7	international	international	ADJ
emaj-162	395	8	bank	bank	NOUN
emaj-162	395	9	mergers	merger	NOUN
emaj-162	395	10	and	and	CCONJ
emaj-162	395	11	acquisition	acquisition	NOUN
emaj-162	395	12	.	.	PUNCT
emaj-162	396	1	research	research	NOUN
emaj-162	396	2	in	in	ADP
emaj-162	396	3	international	international	ADJ
emaj-162	396	4	business	business	NOUN
emaj-162	396	5	and	and	CCONJ
emaj-162	396	6	finance	finance	NOUN
emaj-162	396	7	,	,	PUNCT
emaj-162	396	8	21(1	21(1	NUM
emaj-162	396	9	)	)	PUNCT
emaj-162	396	10	,	,	PUNCT
emaj-162	396	11	5068	5068	NUM
emaj-162	396	12	.	.	PUNCT
emaj-162	397	1	vennet	vennet	PROPN
emaj-162	397	2	,	,	PUNCT
emaj-162	397	3	v.	v.	PROPN
emaj-162	397	4	r.	r.	PROPN
emaj-162	397	5	(	(	PUNCT
emaj-162	397	6	2002	2002	NUM
emaj-162	397	7	)	)	PUNCT
emaj-162	397	8	.	.	PUNCT
emaj-162	398	1	cross	cross	ADJ
emaj-162	398	2	-	-	ADJ
emaj-162	398	3	border	border	ADJ
emaj-162	398	4	mergers	merger	NOUN
emaj-162	398	5	in	in	ADP
emaj-162	398	6	european	european	ADJ
emaj-162	398	7	banking	banking	NOUN
emaj-162	398	8	and	and	CCONJ
emaj-162	398	9	bank	bank	NOUN
emaj-162	398	10	efficiency	efficiency	NOUN
emaj-162	398	11	.	.	PUNCT
emaj-162	399	1	university	university	NOUN
emaj-162	399	2	of	of	ADP
emaj-162	399	3	gent	gent	NOUN
emaj-162	399	4	working	working	PROPN
emaj-162	399	5	paper	paper	NOUN
emaj-162	399	6	,	,	PUNCT
emaj-162	399	7	152	152	NUM
emaj-162	399	8	.	.	PUNCT
emaj-162	400	1	vennet	vennet	PROPN
emaj-162	400	2	,	,	PUNCT
emaj-162	400	3	v.	v.	PROPN
emaj-162	400	4	(	(	PUNCT
emaj-162	400	5	1996	1996	NUM
emaj-162	400	6	)	)	PUNCT
emaj-162	400	7	.	.	PUNCT
emaj-162	401	1	the	the	DET
emaj-162	401	2	effect	effect	NOUN
emaj-162	401	3	of	of	ADP
emaj-162	401	4	mergers	merger	NOUN
emaj-162	401	5	and	and	CCONJ
emaj-162	401	6	acquisitions	acquisition	NOUN
emaj-162	401	7	on	on	ADP
emaj-162	401	8	the	the	DET
emaj-162	401	9	efficiency	efficiency	NOUN
emaj-162	401	10	and	and	CCONJ
emaj-162	401	11	profitability	profitability	NOUN
emaj-162	401	12	of	of	ADP
emaj-162	401	13	ec	ec	PROPN
emaj-162	401	14	credit	credit	NOUN
emaj-162	401	15	institutions	institution	NOUN
emaj-162	401	16	.	.	PUNCT
emaj-162	402	1	journal	journal	NOUN
emaj-162	402	2	of	of	ADP
emaj-162	402	3	banking	banking	NOUN
emaj-162	402	4	and	and	CCONJ
emaj-162	402	5	finance,20	finance,20	NOUN
emaj-162	402	6	,	,	PUNCT
emaj-162	402	7	1531	1531	NUM
emaj-162	402	8	-	-	SYM
emaj-162	402	9	1558	1558	NUM
emaj-162	402	10	.	.	PUNCT
emaj-162	403	1	went	go	VERB
emaj-162	403	2	,	,	PUNCT
emaj-162	403	3	p.	p.	NOUN
emaj-162	403	4	(	(	PUNCT
emaj-162	403	5	2003	2003	NUM
emaj-162	403	6	)	)	PUNCT
emaj-162	403	7	.	.	PUNCT
emaj-162	404	1	a	a	DET
emaj-162	404	2	quantitative	quantitative	ADJ
emaj-162	404	3	analysis	analysis	NOUN
emaj-162	404	4	of	of	ADP
emaj-162	404	5	qualitative	qualitative	ADJ
emaj-162	404	6	arguments	argument	NOUN
emaj-162	404	7	in	in	ADP
emaj-162	404	8	a	a	DET
emaj-162	404	9	bank	bank	NOUN
emaj-162	404	10	merger	merger	NOUN
emaj-162	404	11	.	.	PUNCT
emaj-162	405	1	international	international	ADJ
emaj-162	405	2	review	review	NOUN
emaj-162	405	3	of	of	ADP
emaj-162	405	4	financial	financial	ADJ
emaj-162	405	5	analysis	analysis	NOUN
emaj-162	405	6	,	,	PUNCT
emaj-162	405	7	12(4	12(4	NUM
emaj-162	405	8	)	)	PUNCT
emaj-162	405	9	,	,	PUNCT
emaj-162	405	10	379	379	NUM
emaj-162	405	11	-	-	SYM
emaj-162	405	12	403	403	NUM
emaj-162	405	13	.	.	PUNCT
emaj-162	406	1	weston	weston	PROPN
emaj-162	406	2	,	,	PUNCT
emaj-162	406	3	j.	j.	PROPN
emaj-162	406	4	f.	f.	PROPN
emaj-162	406	5	and	and	CCONJ
emaj-162	406	6	jawien	jawien	PROPN
emaj-162	406	7	,	,	PUNCT
emaj-162	406	8	p.	p.	PROPN
emaj-162	406	9	s.	s.	PROPN
emaj-162	406	10	(	(	PUNCT
emaj-162	406	11	1999	1999	NUM
emaj-162	406	12	)	)	PUNCT
emaj-162	406	13	.	.	PUNCT
emaj-162	407	1	perspectives	perspective	NOUN
emaj-162	407	2	on	on	ADP
emaj-162	407	3	mergers	merger	NOUN
emaj-162	407	4	and	and	CCONJ
emaj-162	407	5	restructuring	restructuring	NOUN
emaj-162	407	6	.	.	PUNCT
emaj-162	408	1	journal	journal	NOUN
emaj-162	408	2	of	of	ADP
emaj-162	408	3	business	business	NOUN
emaj-162	408	4	economics	economic	NOUN
emaj-162	408	5	,	,	PUNCT
emaj-162	408	6	34	34	NUM
emaj-162	408	7	,	,	PUNCT
emaj-162	408	8	29	29	NUM
emaj-162	408	9	-	-	SYM
emaj-162	408	10	33	33	NUM
emaj-162	408	11	.	.	PUNCT
emaj-162	409	1	wheelock	wheelock	PROPN
emaj-162	409	2	,	,	PUNCT
emaj-162	409	3	d.	d.	PROPN
emaj-162	409	4	c.	c.	PROPN
emaj-162	409	5	and	and	CCONJ
emaj-162	409	6	wilson	wilson	PROPN
emaj-162	409	7	,	,	PUNCT
emaj-162	409	8	p.	p.	PROPN
emaj-162	409	9	w.	w.	PROPN
emaj-162	409	10	(	(	PUNCT
emaj-162	409	11	2000	2000	NUM
emaj-162	409	12	)	)	PUNCT
emaj-162	409	13	.	.	PUNCT
emaj-162	410	1	why	why	SCONJ
emaj-162	410	2	do	do	AUX
emaj-162	410	3	banks	bank	NOUN
emaj-162	410	4	disappear	disappear	VERB
emaj-162	410	5	?	?	PUNCT
emaj-162	411	1	the	the	DET
emaj-162	411	2	determinants	determinant	NOUN
emaj-162	411	3	of	of	ADP
emaj-162	411	4	u.s	u.s	PROPN
emaj-162	411	5	.	.	PROPN
emaj-162	411	6	bank	bank	NOUN
emaj-162	411	7	failures	failure	NOUN
emaj-162	411	8	and	and	CCONJ
emaj-162	411	9	acquisitions	acquisition	NOUN
emaj-162	411	10	.	.	PUNCT
emaj-162	412	1	the	the	DET
emaj-162	412	2	review	review	NOUN
emaj-162	412	3	of	of	ADP
emaj-162	412	4	economics	economic	NOUN
emaj-162	412	5	and	and	CCONJ
emaj-162	412	6	statistics	statistic	NOUN
emaj-162	412	7	,	,	PUNCT
emaj-162	412	8	82(1	82(1	NOUN
emaj-162	412	9	)	)	PUNCT
emaj-162	412	10	,	,	PUNCT
emaj-162	412	11	127	127	NUM
emaj-162	412	12	-	-	SYM
emaj-162	412	13	13	13	NUM
emaj-162	412	14	.	.	PUNCT