id	sid	tid	token	lemma	pos
emaj-196	1	1	volume	volume	NOUN
emaj-196	1	2	7	7	NUM
emaj-196	1	3	no	no	DET
emaj-196	1	4	2	2	NUM
emaj-196	1	5	(	(	PUNCT
emaj-196	1	6	2018	2018	NUM
emaj-196	1	7	)	)	PUNCT
emaj-196	2	1	|	|	ADV
emaj-196	2	2	issn	issn	VERB
emaj-196	2	3	2158	2158	NUM
emaj-196	2	4	-	-	SYM
emaj-196	2	5	8708	8708	NUM
emaj-196	2	6	(	(	PUNCT
emaj-196	2	7	online	online	NOUN
emaj-196	2	8	)	)	PUNCT
emaj-196	2	9	|	|	ADV
emaj-196	2	10	doi	doi	X
emaj-196	2	11	10.5195	10.5195	NUM
emaj-196	2	12	/	/	SYM
emaj-196	2	13	emaj.2018.134	emaj.2018.134	PROPN
emaj-196	2	14	|	|	ADV
emaj-196	2	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	2	16	the	the	DET
emaj-196	2	17	influence	influence	NOUN
emaj-196	2	18	of	of	ADP
emaj-196	2	19	dividend	dividend	NOUN
emaj-196	2	20	payments	payment	NOUN
emaj-196	2	21	on	on	ADP
emaj-196	2	22	share	share	NOUN
emaj-196	2	23	price	price	NOUN
emaj-196	2	24	in	in	ADP
emaj-196	2	25	manufacturing	manufacturing	NOUN
emaj-196	2	26	firms	firm	NOUN
emaj-196	2	27	quoted	quote	VERB
emaj-196	2	28	on	on	ADP
emaj-196	2	29	the	the	DET
emaj-196	2	30	nigerian	nigerian	ADJ
emaj-196	2	31	stock	stock	PROPN
emaj-196	2	32	exchange	exchange	PROPN
emaj-196	2	33	samson	samson	PROPN
emaj-196	2	34	ogege	ogege	PROPN
emaj-196	2	35	university	university	PROPN
emaj-196	2	36	of	of	ADP
emaj-196	2	37	lagos	lagos	PROPN
emaj-196	2	38	,	,	PUNCT
emaj-196	2	39	nigeria	nigeria	PROPN
emaj-196	3	1	|	|	ADV
emaj-196	3	2	ogegesamson@yahoo.com	ogegesamson@yahoo.com	INTJ
emaj-196	4	1	abstract	abstract	ADJ
emaj-196	4	2	this	this	DET
emaj-196	4	3	paper	paper	NOUN
emaj-196	4	4	examined	examine	VERB
emaj-196	4	5	the	the	DET
emaj-196	4	6	influence	influence	NOUN
emaj-196	4	7	of	of	ADP
emaj-196	4	8	dividend	dividend	NOUN
emaj-196	4	9	payments	payment	NOUN
emaj-196	4	10	on	on	ADP
emaj-196	4	11	the	the	DET
emaj-196	4	12	price	price	NOUN
emaj-196	4	13	of	of	ADP
emaj-196	4	14	share	share	NOUN
emaj-196	4	15	of	of	ADP
emaj-196	4	16	quoted	quote	VERB
emaj-196	4	17	manufacturing	manufacturing	NOUN
emaj-196	4	18	companies	company	NOUN
emaj-196	4	19	in	in	ADP
emaj-196	4	20	nigeria	nigeria	PROPN
emaj-196	4	21	employing	employ	VERB
emaj-196	4	22	panel	panel	NOUN
emaj-196	4	23	data	datum	NOUN
emaj-196	4	24	with	with	ADP
emaj-196	4	25	125	125	NUM
emaj-196	4	26	data	datum	NOUN
emaj-196	4	27	observations	observation	NOUN
emaj-196	4	28	spanning	span	VERB
emaj-196	4	29	from	from	ADP
emaj-196	4	30	2014	2014	NUM
emaj-196	4	31	-	-	SYM
emaj-196	4	32	2018	2018	NUM
emaj-196	4	33	.	.	PUNCT
emaj-196	5	1	a	a	DET
emaj-196	5	2	purposeful	purposeful	ADJ
emaj-196	5	3	sampling	sampling	NOUN
emaj-196	5	4	technique	technique	NOUN
emaj-196	5	5	was	be	AUX
emaj-196	5	6	used	use	VERB
emaj-196	5	7	to	to	PART
emaj-196	5	8	select	select	VERB
emaj-196	5	9	twenty	twenty	NUM
emaj-196	5	10	-	-	PUNCT
emaj-196	5	11	five	five	NUM
emaj-196	5	12	manufacturing	manufacturing	NOUN
emaj-196	5	13	companies	company	NOUN
emaj-196	5	14	investigated	investigate	VERB
emaj-196	5	15	from	from	ADP
emaj-196	5	16	the	the	DET
emaj-196	5	17	nigerian	nigerian	ADJ
emaj-196	5	18	stock	stock	NOUN
emaj-196	5	19	market	market	NOUN
emaj-196	5	20	.	.	PUNCT
emaj-196	6	1	a	a	DET
emaj-196	6	2	linear	linear	ADJ
emaj-196	6	3	regression	regression	NOUN
emaj-196	6	4	model	model	NOUN
emaj-196	6	5	was	be	AUX
emaj-196	6	6	specified	specify	VERB
emaj-196	6	7	and	and	CCONJ
emaj-196	6	8	was	be	AUX
emaj-196	6	9	further	far	ADV
emaj-196	6	10	broken	break	VERB
emaj-196	6	11	down	down	ADP
emaj-196	6	12	into	into	ADP
emaj-196	6	13	a	a	DET
emaj-196	6	14	bivariate	bivariate	ADJ
emaj-196	6	15	regression	regression	NOUN
emaj-196	6	16	model	model	NOUN
emaj-196	6	17	and	and	CCONJ
emaj-196	6	18	the	the	DET
emaj-196	6	19	method	method	NOUN
emaj-196	6	20	of	of	ADP
emaj-196	6	21	least	least	ADJ
emaj-196	6	22	square	square	ADJ
emaj-196	6	23	regression	regression	NOUN
emaj-196	6	24	was	be	AUX
emaj-196	6	25	adopted	adopt	VERB
emaj-196	6	26	for	for	ADP
emaj-196	6	27	data	datum	NOUN
emaj-196	6	28	analysis	analysis	NOUN
emaj-196	6	29	.	.	PUNCT
emaj-196	7	1	the	the	DET
emaj-196	7	2	outcome	outcome	NOUN
emaj-196	7	3	of	of	ADP
emaj-196	7	4	the	the	DET
emaj-196	7	5	panel	panel	NOUN
emaj-196	7	6	regression	regression	NOUN
emaj-196	7	7	indicated	indicate	VERB
emaj-196	7	8	that	that	SCONJ
emaj-196	7	9	,	,	PUNCT
emaj-196	7	10	dividend	dividend	NOUN
emaj-196	7	11	per	per	ADP
emaj-196	7	12	share	share	NOUN
emaj-196	7	13	has	have	VERB
emaj-196	7	14	a	a	DET
emaj-196	7	15	positive	positive	ADJ
emaj-196	7	16	influence	influence	NOUN
emaj-196	7	17	on	on	ADP
emaj-196	7	18	the	the	DET
emaj-196	7	19	price	price	NOUN
emaj-196	7	20	of	of	ADP
emaj-196	7	21	shares	share	NOUN
emaj-196	7	22	of	of	ADP
emaj-196	7	23	high	high	ADJ
emaj-196	7	24	and	and	CCONJ
emaj-196	7	25	low	low	ADJ
emaj-196	7	26	geared	gear	VERB
emaj-196	7	27	manufacturing	manufacturing	NOUN
emaj-196	7	28	firms	firm	NOUN
emaj-196	7	29	;	;	PUNCT
emaj-196	7	30	earnings	earning	NOUN
emaj-196	7	31	per	per	ADP
emaj-196	7	32	shares	share	NOUN
emaj-196	7	33	positively	positively	ADV
emaj-196	7	34	influence	influence	VERB
emaj-196	7	35	the	the	DET
emaj-196	7	36	shares	share	NOUN
emaj-196	7	37	price	price	NOUN
emaj-196	7	38	of	of	ADP
emaj-196	7	39	both	both	DET
emaj-196	7	40	dividend	dividend	NOUN
emaj-196	7	41	and	and	CCONJ
emaj-196	7	42	non	non	ADJ
emaj-196	7	43	-	-	ADJ
emaj-196	7	44	dividend	dividend	ADJ
emaj-196	7	45	paying	pay	VERB
emaj-196	7	46	manufacturing	manufacturing	NOUN
emaj-196	7	47	companies	company	NOUN
emaj-196	7	48	;	;	PUNCT
emaj-196	7	49	dividend	dividend	NOUN
emaj-196	7	50	yield	yield	NOUN
emaj-196	7	51	show	show	VERB
emaj-196	7	52	an	an	DET
emaj-196	7	53	adverse	adverse	ADJ
emaj-196	7	54	effect	effect	NOUN
emaj-196	7	55	on	on	ADP
emaj-196	7	56	the	the	DET
emaj-196	7	57	share	share	NOUN
emaj-196	7	58	price	price	NOUN
emaj-196	7	59	of	of	ADP
emaj-196	7	60	new	new	ADJ
emaj-196	7	61	and	and	CCONJ
emaj-196	7	62	old	old	ADJ
emaj-196	7	63	manufacturing	manufacturing	NOUN
emaj-196	7	64	companies	company	NOUN
emaj-196	7	65	;	;	PUNCT
emaj-196	7	66	credit	credit	NOUN
emaj-196	7	67	risk	risk	NOUN
emaj-196	7	68	was	be	AUX
emaj-196	7	69	found	find	VERB
emaj-196	7	70	to	to	PART
emaj-196	7	71	positively	positively	ADV
emaj-196	7	72	impact	impact	VERB
emaj-196	7	73	share	share	NOUN
emaj-196	7	74	price	price	NOUN
emaj-196	7	75	of	of	ADP
emaj-196	7	76	big	big	ADJ
emaj-196	7	77	manufacturing	manufacturing	NOUN
emaj-196	7	78	companies	company	NOUN
emaj-196	7	79	,	,	PUNCT
emaj-196	7	80	but	but	CCONJ
emaj-196	7	81	adversely	adversely	ADV
emaj-196	7	82	affect	affect	VERB
emaj-196	7	83	the	the	DET
emaj-196	7	84	share	share	NOUN
emaj-196	7	85	price	price	NOUN
emaj-196	7	86	of	of	ADP
emaj-196	7	87	small	small	ADJ
emaj-196	7	88	manufacturing	manufacturing	NOUN
emaj-196	7	89	companies	company	NOUN
emaj-196	7	90	in	in	ADP
emaj-196	7	91	nigeria	nigeria	PROPN
emaj-196	7	92	.	.	PUNCT
emaj-196	8	1	in	in	ADP
emaj-196	8	2	view	view	NOUN
emaj-196	8	3	of	of	ADP
emaj-196	8	4	the	the	DET
emaj-196	8	5	outcomes	outcome	NOUN
emaj-196	8	6	of	of	ADP
emaj-196	8	7	the	the	DET
emaj-196	8	8	analysis	analysis	NOUN
emaj-196	8	9	,	,	PUNCT
emaj-196	8	10	the	the	DET
emaj-196	8	11	study	study	NOUN
emaj-196	8	12	therefore	therefore	ADV
emaj-196	8	13	recommended	recommend	VERB
emaj-196	8	14	that	that	SCONJ
emaj-196	8	15	a	a	DET
emaj-196	8	16	conducive	conducive	ADJ
emaj-196	8	17	and	and	CCONJ
emaj-196	8	18	favorable	favorable	ADJ
emaj-196	8	19	business	business	NOUN
emaj-196	8	20	environment	environment	NOUN
emaj-196	8	21	should	should	AUX
emaj-196	8	22	be	be	AUX
emaj-196	8	23	created	create	VERB
emaj-196	8	24	by	by	ADP
emaj-196	8	25	the	the	DET
emaj-196	8	26	government	government	NOUN
emaj-196	8	27	for	for	ADP
emaj-196	8	28	both	both	CCONJ
emaj-196	8	29	old	old	ADJ
emaj-196	8	30	and	and	CCONJ
emaj-196	8	31	new	new	ADJ
emaj-196	8	32	manufacturing	manufacturing	NOUN
emaj-196	8	33	companies	company	NOUN
emaj-196	8	34	in	in	ADP
emaj-196	8	35	nigeria	nigeria	PROPN
emaj-196	8	36	to	to	PART
emaj-196	8	37	thrive	thrive	VERB
emaj-196	8	38	.	.	PUNCT
emaj-196	9	1	also	also	ADV
emaj-196	9	2	,	,	PUNCT
emaj-196	9	3	credit	credit	NOUN
emaj-196	9	4	risk	risk	NOUN
emaj-196	9	5	should	should	AUX
emaj-196	9	6	be	be	AUX
emaj-196	9	7	effectively	effectively	ADV
emaj-196	9	8	and	and	CCONJ
emaj-196	9	9	efficiently	efficiently	ADV
emaj-196	9	10	managed	manage	VERB
emaj-196	9	11	by	by	ADP
emaj-196	9	12	small	small	ADJ
emaj-196	9	13	manufacturing	manufacturing	NOUN
emaj-196	9	14	companies	company	NOUN
emaj-196	9	15	in	in	ADP
emaj-196	9	16	particular	particular	ADJ
emaj-196	9	17	in	in	ADP
emaj-196	9	18	order	order	NOUN
emaj-196	9	19	to	to	PART
emaj-196	9	20	eliminate	eliminate	VERB
emaj-196	9	21	its	its	PRON
emaj-196	9	22	adverse	adverse	ADJ
emaj-196	9	23	influence	influence	NOUN
emaj-196	9	24	on	on	ADP
emaj-196	9	25	their	their	PRON
emaj-196	9	26	share	share	NOUN
emaj-196	9	27	price	price	NOUN
emaj-196	9	28	.	.	PUNCT
emaj-196	10	1	keywords	keyword	NOUN
emaj-196	10	2	:	:	PUNCT
emaj-196	10	3	finance	finance	NOUN
emaj-196	10	4	,	,	PUNCT
emaj-196	10	5	dividend	dividend	NOUN
emaj-196	10	6	payments	payment	NOUN
emaj-196	10	7	,	,	PUNCT
emaj-196	10	8	share	share	NOUN
emaj-196	10	9	price	price	NOUN
emaj-196	10	10	,	,	PUNCT
emaj-196	10	11	manufacturing	manufacturing	NOUN
emaj-196	10	12	firms	firm	NOUN
emaj-196	10	13	,	,	PUNCT
emaj-196	10	14	nigeria	nigeria	PROPN
emaj-196	10	15	new	new	ADJ
emaj-196	10	16	articles	article	NOUN
emaj-196	10	17	in	in	ADP
emaj-196	10	18	this	this	DET
emaj-196	10	19	journal	journal	NOUN
emaj-196	10	20	are	be	AUX
emaj-196	10	21	licensed	license	VERB
emaj-196	10	22	under	under	ADP
emaj-196	10	23	a	a	DET
emaj-196	10	24	creative	creative	ADJ
emaj-196	10	25	commons	common	NOUN
emaj-196	10	26	attribution	attribution	NOUN
emaj-196	10	27	3.0	3.0	NUM
emaj-196	10	28	united	unite	VERB
emaj-196	10	29	states	states	PROPN
emaj-196	10	30	license	license	NOUN
emaj-196	10	31	.	.	PUNCT
emaj-196	11	1	this	this	DET
emaj-196	11	2	journal	journal	NOUN
emaj-196	11	3	is	be	AUX
emaj-196	11	4	published	publish	VERB
emaj-196	11	5	by	by	ADP
emaj-196	11	6	the	the	DET
emaj-196	11	7	university	university	NOUN
emaj-196	11	8	library	library	NOUN
emaj-196	11	9	system	system	NOUN
emaj-196	11	10	of	of	ADP
emaj-196	11	11	the	the	DET
emaj-196	11	12	university	university	PROPN
emaj-196	11	13	of	of	ADP
emaj-196	11	14	pittsburgh	pittsburgh	PROPN
emaj-196	11	15	as	as	ADP
emaj-196	11	16	part	part	NOUN
emaj-196	11	17	of	of	ADP
emaj-196	11	18	its	its	PRON
emaj-196	11	19	d	d	NOUN
emaj-196	11	20	-	-	PUNCT
emaj-196	11	21	scribe	scribe	VERB
emaj-196	11	22	digital	digital	ADJ
emaj-196	11	23	publishing	publishing	NOUN
emaj-196	11	24	program	program	NOUN
emaj-196	11	25	,	,	PUNCT
emaj-196	11	26	and	and	CCONJ
emaj-196	11	27	is	be	AUX
emaj-196	11	28	cosponsored	cosponsor	VERB
emaj-196	11	29	by	by	ADP
emaj-196	11	30	the	the	DET
emaj-196	11	31	university	university	PROPN
emaj-196	11	32	of	of	ADP
emaj-196	11	33	pittsburgh	pittsburgh	PROPN
emaj-196	11	34	press	press	NOUN
emaj-196	11	35	.	.	PUNCT
emaj-196	12	1	volume	volume	NOUN
emaj-196	12	2	10	10	NUM
emaj-196	12	3	no	no	DET
emaj-196	12	4	2	2	NUM
emaj-196	12	5	(	(	PUNCT
emaj-196	12	6	2020	2020	NUM
emaj-196	12	7	)	)	PUNCT
emaj-196	12	8	|	|	ADV
emaj-196	12	9	issn	issn	VERB
emaj-196	12	10	2158	2158	NUM
emaj-196	12	11	-	-	SYM
emaj-196	12	12	8708	8708	NUM
emaj-196	12	13	(	(	PUNCT
emaj-196	12	14	online	online	NOUN
emaj-196	12	15	)	)	PUNCT
emaj-196	12	16	|	|	ADV
emaj-196	12	17	doi	doi	X
emaj-196	12	18	10.5195	10.5195	NUM
emaj-196	12	19	/	/	SYM
emaj-196	12	20	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	13	1	|	|	NOUN
emaj-196	13	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	13	3	|	|	ADV
emaj-196	13	4	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-196	13	5	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-196	14	1	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-196	14	2	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-196	14	3	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-196	15	1	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-196	15	2	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-196	15	3	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-196	16	1	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-196	16	2	volume	volume	NOUN
emaj-196	16	3	10	10	NUM
emaj-196	16	4	no	no	DET
emaj-196	16	5	2	2	NUM
emaj-196	16	6	(	(	PUNCT
emaj-196	16	7	2020	2020	NUM
emaj-196	16	8	)	)	PUNCT
emaj-196	16	9	|	|	ADV
emaj-196	16	10	issn	issn	VERB
emaj-196	16	11	2158	2158	NUM
emaj-196	16	12	-	-	SYM
emaj-196	16	13	8708	8708	NUM
emaj-196	16	14	(	(	PUNCT
emaj-196	16	15	online	online	NOUN
emaj-196	16	16	)	)	PUNCT
emaj-196	16	17	|	|	ADV
emaj-196	16	18	doi	doi	X
emaj-196	16	19	10.5195	10.5195	NUM
emaj-196	16	20	/	/	SYM
emaj-196	16	21	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	16	22	|	|	ADV
emaj-196	16	23	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	16	24	the	the	DET
emaj-196	16	25	influence	influence	NOUN
emaj-196	16	26	of	of	ADP
emaj-196	16	27	dividend	dividend	NOUN
emaj-196	16	28	payments	payment	NOUN
emaj-196	16	29	on	on	ADP
emaj-196	16	30	share	share	NOUN
emaj-196	16	31	price	price	NOUN
emaj-196	16	32	in	in	ADP
emaj-196	16	33	manufacturing	manufacturing	NOUN
emaj-196	16	34	firms	firm	NOUN
emaj-196	16	35	quoted	quote	VERB
emaj-196	16	36	on	on	ADP
emaj-196	16	37	the	the	DET
emaj-196	16	38	nigerian	nigerian	ADJ
emaj-196	16	39	stock	stock	NOUN
emaj-196	16	40	exchange	exchange	PROPN
emaj-196	16	41	page	page	NOUN
emaj-196	16	42	|64|	|64|	NOUN
emaj-196	16	43	emerging	emerge	VERB
emaj-196	16	44	markets	market	NOUN
emaj-196	16	45	journal	journal	VERB
emaj-196	16	46	the	the	DET
emaj-196	16	47	influence	influence	NOUN
emaj-196	16	48	of	of	ADP
emaj-196	16	49	dividend	dividend	NOUN
emaj-196	16	50	payments	payment	NOUN
emaj-196	16	51	on	on	ADP
emaj-196	16	52	share	share	NOUN
emaj-196	16	53	price	price	NOUN
emaj-196	16	54	in	in	ADP
emaj-196	16	55	manufacturing	manufacturing	NOUN
emaj-196	16	56	firms	firm	NOUN
emaj-196	16	57	quoted	quote	VERB
emaj-196	16	58	on	on	ADP
emaj-196	16	59	the	the	DET
emaj-196	16	60	nigerian	nigerian	ADJ
emaj-196	16	61	stock	stock	PROPN
emaj-196	16	62	exchange	exchange	PROPN
emaj-196	16	63	samson	samson	PROPN
emaj-196	16	64	ogege	ogege	PROPN
emaj-196	16	65	i.	i.	PROPN
emaj-196	16	66	introduction	introduction	PROPN
emaj-196	16	67	the	the	DET
emaj-196	16	68	basic	basic	ADJ
emaj-196	16	69	concept	concept	NOUN
emaj-196	16	70	of	of	ADP
emaj-196	16	71	dividend	dividend	NOUN
emaj-196	16	72	payout	payout	NOUN
emaj-196	16	73	as	as	ADV
emaj-196	16	74	well	well	ADV
emaj-196	16	75	as	as	ADP
emaj-196	16	76	its	its	PRON
emaj-196	16	77	policy	policy	NOUN
emaj-196	16	78	has	have	AUX
emaj-196	16	79	remained	remain	VERB
emaj-196	16	80	one	one	NUM
emaj-196	16	81	of	of	ADP
emaj-196	16	82	the	the	DET
emaj-196	16	83	major	major	ADJ
emaj-196	16	84	issues	issue	NOUN
emaj-196	16	85	generating	generate	VERB
emaj-196	16	86	controversy	controversy	NOUN
emaj-196	16	87	in	in	ADP
emaj-196	16	88	corporate	corporate	ADJ
emaj-196	16	89	finance	finance	NOUN
emaj-196	16	90	.	.	PUNCT
emaj-196	17	1	since	since	SCONJ
emaj-196	17	2	the	the	DET
emaj-196	17	3	inception	inception	NOUN
emaj-196	17	4	of	of	ADP
emaj-196	17	5	joint	joint	ADJ
emaj-196	17	6	stock	stock	NOUN
emaj-196	17	7	firms	firm	NOUN
emaj-196	17	8	,	,	PUNCT
emaj-196	17	9	the	the	DET
emaj-196	17	10	payment	payment	NOUN
emaj-196	17	11	of	of	ADP
emaj-196	17	12	dividend	dividend	NOUN
emaj-196	17	13	by	by	ADP
emaj-196	17	14	firms	firm	NOUN
emaj-196	17	15	has	have	AUX
emaj-196	17	16	become	become	VERB
emaj-196	17	17	an	an	DET
emaj-196	17	18	interesting	interesting	ADJ
emaj-196	17	19	issue	issue	NOUN
emaj-196	17	20	in	in	ADP
emaj-196	17	21	financial	financial	ADJ
emaj-196	17	22	literature	literature	NOUN
emaj-196	17	23	.	.	PUNCT
emaj-196	18	1	over	over	ADP
emaj-196	18	2	the	the	DET
emaj-196	18	3	years	year	NOUN
emaj-196	18	4	,	,	PUNCT
emaj-196	18	5	the	the	DET
emaj-196	18	6	modeling	modeling	NOUN
emaj-196	18	7	as	as	ADV
emaj-196	18	8	well	well	ADV
emaj-196	18	9	as	as	ADP
emaj-196	18	10	the	the	DET
emaj-196	18	11	evaluation	evaluation	NOUN
emaj-196	18	12	of	of	ADP
emaj-196	18	13	corporate	corporate	ADJ
emaj-196	18	14	dividend	dividend	NOUN
emaj-196	18	15	payout	payout	NOUN
emaj-196	18	16	and	and	CCONJ
emaj-196	18	17	returns	return	NOUN
emaj-196	18	18	had	have	AUX
emaj-196	18	19	been	be	AUX
emaj-196	18	20	engaged	engage	VERB
emaj-196	18	21	by	by	ADP
emaj-196	18	22	financial	financial	ADJ
emaj-196	18	23	economists	economist	NOUN
emaj-196	18	24	as	as	SCONJ
emaj-196	18	25	they	they	PRON
emaj-196	18	26	influence	influence	VERB
emaj-196	18	27	the	the	DET
emaj-196	18	28	stock	stock	NOUN
emaj-196	18	29	price	price	NOUN
emaj-196	18	30	of	of	ADP
emaj-196	18	31	firms	firm	NOUN
emaj-196	18	32	in	in	ADP
emaj-196	18	33	nigeria	nigeria	PROPN
emaj-196	18	34	(	(	PUNCT
emaj-196	18	35	alqudah	alqudah	PROPN
emaj-196	18	36	et	et	PROPN
emaj-196	18	37	al	al	PROPN
emaj-196	18	38	.	.	PROPN
emaj-196	18	39	,	,	PUNCT
emaj-196	18	40	2015	2015	NUM
emaj-196	18	41	)	)	PUNCT
emaj-196	18	42	.	.	PUNCT
emaj-196	19	1	in	in	ADP
emaj-196	19	2	a	a	DET
emaj-196	19	3	simple	simple	ADJ
emaj-196	19	4	form	form	NOUN
emaj-196	19	5	,	,	PUNCT
emaj-196	19	6	dividend	dividend	NOUN
emaj-196	19	7	is	be	AUX
emaj-196	19	8	the	the	DET
emaj-196	19	9	apportionment	apportionment	NOUN
emaj-196	19	10	of	of	ADP
emaj-196	19	11	returns	return	NOUN
emaj-196	19	12	or	or	CCONJ
emaj-196	19	13	earnings	earning	NOUN
emaj-196	19	14	in	in	ADP
emaj-196	19	15	real	real	ADJ
emaj-196	19	16	assets	asset	NOUN
emaj-196	19	17	amidst	amidst	ADP
emaj-196	19	18	the	the	DET
emaj-196	19	19	company	company	NOUN
emaj-196	19	20	’s	’s	PART
emaj-196	19	21	shareholders	shareholder	NOUN
emaj-196	19	22	in	in	ADP
emaj-196	19	23	relation	relation	NOUN
emaj-196	19	24	to	to	ADP
emaj-196	19	25	their	their	PRON
emaj-196	19	26	share	share	NOUN
emaj-196	19	27	ownership	ownership	NOUN
emaj-196	19	28	.	.	PUNCT
emaj-196	20	1	the	the	DET
emaj-196	20	2	payment	payment	NOUN
emaj-196	20	3	of	of	ADP
emaj-196	20	4	dividend	dividend	NOUN
emaj-196	20	5	is	be	AUX
emaj-196	20	6	quite	quite	ADV
emaj-196	20	7	sacrosanct	sacrosanct	ADJ
emaj-196	20	8	for	for	ADP
emaj-196	20	9	the	the	DET
emaj-196	20	10	effective	effective	ADJ
emaj-196	20	11	and	and	CCONJ
emaj-196	20	12	efficient	efficient	ADJ
emaj-196	20	13	management	management	NOUN
emaj-196	20	14	of	of	ADP
emaj-196	20	15	a	a	DET
emaj-196	20	16	business	business	NOUN
emaj-196	20	17	operation	operation	NOUN
emaj-196	20	18	to	to	PART
emaj-196	20	19	ensure	ensure	VERB
emaj-196	20	20	its	its	PRON
emaj-196	20	21	survival	survival	NOUN
emaj-196	20	22	and	and	CCONJ
emaj-196	20	23	it	it	PRON
emaj-196	20	24	has	have	AUX
emaj-196	20	25	been	be	AUX
emaj-196	20	26	viewed	view	VERB
emaj-196	20	27	as	as	ADP
emaj-196	20	28	one	one	NUM
emaj-196	20	29	of	of	ADP
emaj-196	20	30	the	the	DET
emaj-196	20	31	most	most	ADV
emaj-196	20	32	vital	vital	ADJ
emaj-196	20	33	tools	tool	NOUN
emaj-196	20	34	for	for	ADP
emaj-196	20	35	assessing	assess	VERB
emaj-196	20	36	the	the	DET
emaj-196	20	37	existence	existence	NOUN
emaj-196	20	38	and	and	CCONJ
emaj-196	20	39	performance	performance	NOUN
emaj-196	20	40	of	of	ADP
emaj-196	20	41	corporate	corporate	ADJ
emaj-196	20	42	organizations	organization	NOUN
emaj-196	20	43	.	.	PUNCT
emaj-196	21	1	a	a	DET
emaj-196	21	2	great	great	ADJ
emaj-196	21	3	value	value	NOUN
emaj-196	21	4	is	be	AUX
emaj-196	21	5	performed	perform	VERB
emaj-196	21	6	by	by	ADP
emaj-196	21	7	dividends	dividend	NOUN
emaj-196	21	8	to	to	PART
emaj-196	21	9	restore	restore	VERB
emaj-196	21	10	confidence	confidence	NOUN
emaj-196	21	11	to	to	ADP
emaj-196	21	12	the	the	DET
emaj-196	21	13	shareholders	shareholder	NOUN
emaj-196	21	14	and	and	CCONJ
emaj-196	21	15	it	it	PRON
emaj-196	21	16	is	be	AUX
emaj-196	21	17	extremely	extremely	ADV
emaj-196	21	18	significant	significant	ADJ
emaj-196	21	19	as	as	ADP
emaj-196	21	20	a	a	DET
emaj-196	21	21	result	result	NOUN
emaj-196	21	22	of	of	ADP
emaj-196	21	23	its	its	PRON
emaj-196	21	24	negative	negative	ADJ
emaj-196	21	25	influence	influence	NOUN
emaj-196	21	26	on	on	ADP
emaj-196	21	27	the	the	DET
emaj-196	21	28	values	value	NOUN
emaj-196	21	29	of	of	ADP
emaj-196	21	30	share	share	NOUN
emaj-196	21	31	.	.	PUNCT
emaj-196	22	1	a	a	DET
emaj-196	22	2	stable	stable	ADJ
emaj-196	22	3	policy	policy	NOUN
emaj-196	22	4	on	on	ADP
emaj-196	22	5	dividend	dividend	NOUN
emaj-196	22	6	is	be	AUX
emaj-196	22	7	anticipated	anticipate	VERB
emaj-196	22	8	to	to	PART
emaj-196	22	9	bring	bring	VERB
emaj-196	22	10	about	about	ADP
emaj-196	22	11	a	a	DET
emaj-196	22	12	higher	high	ADJ
emaj-196	22	13	price	price	NOUN
emaj-196	22	14	of	of	ADP
emaj-196	22	15	share	share	NOUN
emaj-196	22	16	due	due	ADP
emaj-196	22	17	to	to	ADP
emaj-196	22	18	the	the	DET
emaj-196	22	19	high	high	ADJ
emaj-196	22	20	level	level	NOUN
emaj-196	22	21	investors	investor	NOUN
emaj-196	22	22	’	'	PUNCT
emaj-196	22	23	confidence	confidence	NOUN
emaj-196	22	24	regarding	regard	VERB
emaj-196	22	25	the	the	DET
emaj-196	22	26	potential	potential	NOUN
emaj-196	22	27	of	of	ADP
emaj-196	22	28	the	the	DET
emaj-196	22	29	firm	firm	NOUN
emaj-196	22	30	to	to	PART
emaj-196	22	31	make	make	VERB
emaj-196	22	32	higher	high	ADJ
emaj-196	22	33	profit	profit	NOUN
emaj-196	22	34	in	in	ADP
emaj-196	22	35	the	the	DET
emaj-196	22	36	future	future	NOUN
emaj-196	22	37	.	.	PUNCT
emaj-196	23	1	however	however	ADV
emaj-196	23	2	,	,	PUNCT
emaj-196	23	3	the	the	DET
emaj-196	23	4	firm	firm	NOUN
emaj-196	23	5	still	still	ADV
emaj-196	23	6	needs	need	VERB
emaj-196	23	7	to	to	PART
emaj-196	23	8	be	be	AUX
emaj-196	23	9	assessed	assess	VERB
emaj-196	23	10	in	in	ADP
emaj-196	23	11	a	a	DET
emaj-196	23	12	wider	wide	ADJ
emaj-196	23	13	scope	scope	NOUN
emaj-196	23	14	.	.	PUNCT
emaj-196	24	1	basically	basically	ADV
emaj-196	24	2	,	,	PUNCT
emaj-196	24	3	at	at	ADP
emaj-196	24	4	the	the	DET
emaj-196	24	5	end	end	NOUN
emaj-196	24	6	of	of	ADP
emaj-196	24	7	every	every	DET
emaj-196	24	8	financial	financial	ADJ
emaj-196	24	9	period	period	NOUN
emaj-196	24	10	,	,	PUNCT
emaj-196	24	11	firms	firm	NOUN
emaj-196	24	12	assess	assess	VERB
emaj-196	24	13	their	their	PRON
emaj-196	24	14	financial	financial	ADJ
emaj-196	24	15	performance	performance	NOUN
emaj-196	24	16	by	by	ADP
emaj-196	24	17	determining	determine	VERB
emaj-196	24	18	whether	whether	SCONJ
emaj-196	24	19	earnings	earning	NOUN
emaj-196	24	20	had	have	AUX
emaj-196	24	21	been	be	AUX
emaj-196	24	22	actualized	actualize	VERB
emaj-196	24	23	or	or	CCONJ
emaj-196	24	24	not	not	PART
emaj-196	24	25	.	.	PUNCT
emaj-196	25	1	the	the	DET
emaj-196	25	2	payment	payment	NOUN
emaj-196	25	3	of	of	ADP
emaj-196	25	4	dividend	dividend	NOUN
emaj-196	25	5	continues	continue	VERB
emaj-196	25	6	to	to	PART
emaj-196	25	7	be	be	AUX
emaj-196	25	8	viewed	view	VERB
emaj-196	25	9	as	as	ADP
emaj-196	25	10	one	one	NUM
emaj-196	25	11	of	of	ADP
emaj-196	25	12	the	the	DET
emaj-196	25	13	major	major	ADJ
emaj-196	25	14	significant	significant	ADJ
emaj-196	25	15	financial	financial	ADJ
emaj-196	25	16	policies	policy	NOUN
emaj-196	25	17	not	not	PART
emaj-196	25	18	just	just	ADV
emaj-196	25	19	only	only	ADV
emaj-196	25	20	from	from	ADP
emaj-196	25	21	the	the	DET
emaj-196	25	22	firms	firm	NOUN
emaj-196	25	23	’	’	PART
emaj-196	25	24	outlook	outlook	NOUN
emaj-196	25	25	,	,	PUNCT
emaj-196	25	26	but	but	CCONJ
emaj-196	25	27	as	as	ADV
emaj-196	25	28	well	well	ADV
emaj-196	25	29	from	from	ADP
emaj-196	25	30	that	that	PRON
emaj-196	25	31	of	of	ADP
emaj-196	25	32	the	the	DET
emaj-196	25	33	employees	employee	NOUN
emaj-196	25	34	,	,	PUNCT
emaj-196	25	35	the	the	DET
emaj-196	25	36	consumers	consumer	NOUN
emaj-196	25	37	,	,	PUNCT
emaj-196	25	38	shareholders	shareholder	NOUN
emaj-196	25	39	,	,	PUNCT
emaj-196	25	40	regulatory	regulatory	ADJ
emaj-196	25	41	bodies	body	NOUN
emaj-196	25	42	as	as	ADV
emaj-196	25	43	well	well	ADV
emaj-196	25	44	as	as	ADP
emaj-196	25	45	the	the	DET
emaj-196	25	46	government	government	NOUN
emaj-196	25	47	(	(	PUNCT
emaj-196	25	48	jakata	jakata	NOUN
emaj-196	25	49	and	and	CCONJ
emaj-196	25	50	nyamugure	nyamugure	NOUN
emaj-196	25	51	,	,	PUNCT
emaj-196	25	52	2015	2015	NUM
emaj-196	25	53	)	)	PUNCT
emaj-196	25	54	.	.	PUNCT
emaj-196	26	1	it	it	PRON
emaj-196	26	2	is	be	AUX
emaj-196	26	3	generally	generally	ADV
emaj-196	26	4	specified	specify	VERB
emaj-196	26	5	as	as	ADP
emaj-196	26	6	a	a	DET
emaj-196	26	7	nominal	nominal	ADJ
emaj-196	26	8	value	value	NOUN
emaj-196	26	9	percentage	percentage	NOUN
emaj-196	26	10	of	of	ADP
emaj-196	26	11	the	the	DET
emaj-196	26	12	ordinary	ordinary	ADJ
emaj-196	26	13	share	share	NOUN
emaj-196	26	14	capital	capital	NOUN
emaj-196	26	15	of	of	ADP
emaj-196	26	16	firm	firm	NOUN
emaj-196	26	17	or	or	CCONJ
emaj-196	26	18	as	as	ADP
emaj-196	26	19	a	a	DET
emaj-196	26	20	stable	stable	ADJ
emaj-196	26	21	amount	amount	NOUN
emaj-196	26	22	per	per	ADP
emaj-196	26	23	share	share	NOUN
emaj-196	26	24	.	.	PUNCT
emaj-196	27	1	in	in	ADP
emaj-196	27	2	all	all	PRON
emaj-196	27	3	,	,	PUNCT
emaj-196	27	4	when	when	SCONJ
emaj-196	27	5	the	the	DET
emaj-196	27	6	market	market	NOUN
emaj-196	27	7	is	be	AUX
emaj-196	27	8	greatly	greatly	ADV
emaj-196	27	9	influenced	influence	VERB
emaj-196	27	10	either	either	CCONJ
emaj-196	27	11	positively	positively	ADV
emaj-196	27	12	or	or	CCONJ
emaj-196	27	13	negatively	negatively	ADV
emaj-196	27	14	,	,	PUNCT
emaj-196	27	15	it	it	PRON
emaj-196	27	16	may	may	AUX
emaj-196	27	17	as	as	ADV
emaj-196	27	18	well	well	ADV
emaj-196	27	19	pose	pose	VERB
emaj-196	27	20	a	a	DET
emaj-196	27	21	similar	similar	ADJ
emaj-196	27	22	influenced	influence	VERB
emaj-196	27	23	on	on	ADP
emaj-196	27	24	the	the	DET
emaj-196	27	25	payment	payment	NOUN
emaj-196	27	26	and	and	CCONJ
emaj-196	27	27	policies	policy	NOUN
emaj-196	27	28	of	of	ADP
emaj-196	27	29	dividend	dividend	NOUN
emaj-196	27	30	.	.	PUNCT
emaj-196	28	1	alqudah	alqudah	PROPN
emaj-196	28	2	et	et	PROPN
emaj-196	28	3	al	al	PROPN
emaj-196	28	4	.	.	PROPN
emaj-196	29	1	(	(	PUNCT
emaj-196	29	2	2015	2015	NUM
emaj-196	29	3	)	)	PUNCT
emaj-196	29	4	posited	posit	VERB
emaj-196	29	5	that	that	SCONJ
emaj-196	29	6	,	,	PUNCT
emaj-196	29	7	the	the	DET
emaj-196	29	8	rationale	rationale	NOUN
emaj-196	29	9	behind	behind	ADP
emaj-196	29	10	the	the	DET
emaj-196	29	11	dividend	dividend	NOUN
emaj-196	29	12	payout	payout	NOUN
emaj-196	29	13	of	of	ADP
emaj-196	29	14	firms	firm	NOUN
emaj-196	29	15	is	be	AUX
emaj-196	29	16	the	the	DET
emaj-196	29	17	need	need	NOUN
emaj-196	29	18	for	for	ADP
emaj-196	29	19	cash	cash	NOUN
emaj-196	29	20	and/or	and/or	CCONJ
emaj-196	29	21	to	to	PART
emaj-196	29	22	avoid	avoid	VERB
emaj-196	29	23	the	the	DET
emaj-196	29	24	cost	cost	NOUN
emaj-196	29	25	of	of	ADP
emaj-196	29	26	agency	agency	NOUN
emaj-196	29	27	and	and	CCONJ
emaj-196	29	28	minimizing	minimize	VERB
emaj-196	29	29	the	the	DET
emaj-196	29	30	insecurity	insecurity	NOUN
emaj-196	29	31	of	of	ADP
emaj-196	29	32	investors	investor	NOUN
emaj-196	29	33	.	.	PUNCT
emaj-196	30	1	sharma	sharma	PROPN
emaj-196	30	2	(	(	PUNCT
emaj-196	30	3	2011	2011	NUM
emaj-196	30	4	)	)	PUNCT
emaj-196	30	5	indicated	indicate	VERB
emaj-196	30	6	that	that	SCONJ
emaj-196	30	7	,	,	PUNCT
emaj-196	30	8	earnings	earning	NOUN
emaj-196	30	9	and	and	CCONJ
emaj-196	30	10	dividend	dividend	NOUN
emaj-196	30	11	per	per	ADP
emaj-196	30	12	share	share	NOUN
emaj-196	30	13	are	be	AUX
emaj-196	30	14	key	key	ADJ
emaj-196	30	15	components	component	NOUN
emaj-196	30	16	that	that	PRON
emaj-196	30	17	provide	provide	VERB
emaj-196	30	18	vital	vital	ADJ
emaj-196	30	19	information	information	NOUN
emaj-196	30	20	regarding	regard	VERB
emaj-196	30	21	the	the	DET
emaj-196	30	22	share	share	NOUN
emaj-196	30	23	price	price	NOUN
emaj-196	30	24	’s	’s	PART
emaj-196	30	25	value	value	NOUN
emaj-196	30	26	in	in	ADP
emaj-196	30	27	the	the	DET
emaj-196	30	28	market	market	NOUN
emaj-196	30	29	.	.	PUNCT
emaj-196	31	1	previous	previous	ADJ
emaj-196	31	2	studies	study	NOUN
emaj-196	31	3	conducted	conduct	VERB
emaj-196	31	4	in	in	ADP
emaj-196	31	5	nigeria	nigeria	PROPN
emaj-196	31	6	on	on	ADP
emaj-196	31	7	dividend	dividend	NOUN
emaj-196	31	8	payout	payout	NOUN
emaj-196	31	9	appeared	appear	VERB
emaj-196	31	10	to	to	PART
emaj-196	31	11	have	have	AUX
emaj-196	31	12	revealed	reveal	VERB
emaj-196	31	13	that	that	SCONJ
emaj-196	31	14	,	,	PUNCT
emaj-196	31	15	the	the	DET
emaj-196	31	16	dividend	dividend	NOUN
emaj-196	31	17	payment	payment	NOUN
emaj-196	31	18	trend	trend	NOUN
emaj-196	31	19	had	have	AUX
emaj-196	31	20	been	be	AUX
emaj-196	31	21	inconsistent	inconsistent	ADJ
emaj-196	31	22	in	in	ADP
emaj-196	31	23	various	various	ADJ
emaj-196	31	24	sectors	sector	NOUN
emaj-196	31	25	of	of	ADP
emaj-196	31	26	the	the	DET
emaj-196	31	27	economy	economy	NOUN
emaj-196	31	28	.	.	PUNCT
emaj-196	32	1	jakata	jakata	NOUN
emaj-196	32	2	and	and	CCONJ
emaj-196	32	3	nyamugure	nyamugure	NOUN
emaj-196	32	4	(	(	PUNCT
emaj-196	32	5	2015	2015	NUM
emaj-196	32	6	)	)	PUNCT
emaj-196	32	7	came	come	VERB
emaj-196	32	8	up	up	ADP
emaj-196	32	9	with	with	ADP
emaj-196	32	10	the	the	DET
emaj-196	32	11	conclusion	conclusion	NOUN
emaj-196	32	12	that	that	SCONJ
emaj-196	32	13	,	,	PUNCT
emaj-196	32	14	the	the	DET
emaj-196	32	15	association	association	NOUN
emaj-196	32	16	of	of	ADP
emaj-196	32	17	dividend	dividend	NOUN
emaj-196	32	18	payment	payment	NOUN
emaj-196	32	19	with	with	ADP
emaj-196	32	20	equity	equity	NOUN
emaj-196	32	21	on	on	ADP
emaj-196	32	22	shares	share	NOUN
emaj-196	32	23	prices	price	NOUN
emaj-196	32	24	has	have	AUX
emaj-196	32	25	produced	produce	VERB
emaj-196	32	26	conflicting	conflicting	ADJ
emaj-196	32	27	results	result	NOUN
emaj-196	32	28	based	base	VERB
emaj-196	32	29	on	on	ADP
emaj-196	32	30	the	the	DET
emaj-196	32	31	sector	sector	NOUN
emaj-196	32	32	the	the	DET
emaj-196	32	33	study	study	NOUN
emaj-196	32	34	is	be	AUX
emaj-196	32	35	conducted	conduct	VERB
emaj-196	32	36	.	.	PUNCT
emaj-196	33	1	however	however	ADV
emaj-196	33	2	,	,	PUNCT
emaj-196	33	3	considering	consider	VERB
emaj-196	33	4	the	the	DET
emaj-196	33	5	manufacturing	manufacturing	NOUN
emaj-196	33	6	industry	industry	NOUN
emaj-196	33	7	,	,	PUNCT
emaj-196	33	8	the	the	DET
emaj-196	33	9	payment	payment	NOUN
emaj-196	33	10	of	of	ADP
emaj-196	33	11	dividend	dividend	NOUN
emaj-196	33	12	has	have	AUX
emaj-196	33	13	been	be	AUX
emaj-196	33	14	inconsistent	inconsistent	ADJ
emaj-196	33	15	.	.	PUNCT
emaj-196	34	1	thus	thus	ADV
emaj-196	34	2	,	,	PUNCT
emaj-196	34	3	the	the	DET
emaj-196	34	4	challenges	challenge	NOUN
emaj-196	34	5	identified	identify	VERB
emaj-196	34	6	prompted	prompt	VERB
emaj-196	34	7	the	the	DET
emaj-196	34	8	researcher	researcher	NOUN
emaj-196	34	9	to	to	PART
emaj-196	34	10	carry	carry	VERB
emaj-196	34	11	out	out	ADP
emaj-196	34	12	this	this	DET
emaj-196	34	13	study	study	NOUN
emaj-196	34	14	with	with	ADP
emaj-196	34	15	the	the	DET
emaj-196	34	16	main	main	ADJ
emaj-196	34	17	purpose	purpose	NOUN
emaj-196	34	18	of	of	ADP
emaj-196	34	19	ascertaining	ascertain	VERB
emaj-196	34	20	the	the	DET
emaj-196	34	21	influence	influence	NOUN
emaj-196	34	22	of	of	ADP
emaj-196	34	23	dividend	dividend	NOUN
emaj-196	34	24	payment	payment	NOUN
emaj-196	34	25	on	on	ADP
emaj-196	34	26	share	share	NOUN
emaj-196	34	27	prices	price	NOUN
emaj-196	34	28	of	of	ADP
emaj-196	34	29	the	the	DET
emaj-196	34	30	quoted	quote	VERB
emaj-196	34	31	manufacturing	manufacturing	NOUN
emaj-196	34	32	firms	firm	NOUN
emaj-196	34	33	.	.	PUNCT
emaj-196	35	1	ii	ii	PROPN
emaj-196	35	2	.	.	PUNCT
emaj-196	36	1	literature	literature	PROPN
emaj-196	36	2	review	review	PROPN
emaj-196	36	3	based	base	VERB
emaj-196	36	4	on	on	ADP
emaj-196	36	5	this	this	DET
emaj-196	36	6	theory	theory	NOUN
emaj-196	36	7	,	,	PUNCT
emaj-196	36	8	lintner	lintner	NOUN
emaj-196	36	9	(	(	PUNCT
emaj-196	36	10	1956	1956	NUM
emaj-196	36	11	)	)	PUNCT
emaj-196	36	12	and	and	CCONJ
emaj-196	36	13	gordon	gordon	PROPN
emaj-196	36	14	(	(	PUNCT
emaj-196	36	15	1959	1959	NUM
emaj-196	36	16	)	)	PUNCT
emaj-196	36	17	formally	formally	ADV
emaj-196	36	18	contended	contend	VERB
emaj-196	36	19	that	that	SCONJ
emaj-196	36	20	,	,	PUNCT
emaj-196	36	21	there	there	PRON
emaj-196	36	22	is	be	VERB
emaj-196	36	23	need	need	NOUN
emaj-196	36	24	for	for	SCONJ
emaj-196	36	25	the	the	DET
emaj-196	36	26	investors	investor	NOUN
emaj-196	36	27	to	to	PART
emaj-196	36	28	actualize	actualize	VERB
emaj-196	36	29	their	their	PRON
emaj-196	36	30	wealth	wealth	NOUN
emaj-196	36	31	for	for	ADP
emaj-196	36	32	the	the	DET
emaj-196	36	33	purpose	purpose	NOUN
emaj-196	36	34	of	of	ADP
emaj-196	36	35	consumption	consumption	NOUN
emaj-196	36	36	and	and	CCONJ
emaj-196	36	37	hence	hence	ADV
emaj-196	36	38	prefer	prefer	VERB
emaj-196	36	39	cash	cash	NOUN
emaj-196	36	40	dividends	dividend	NOUN
emaj-196	36	41	to	to	ADP
emaj-196	36	42	capital	capital	NOUN
emaj-196	36	43	gains	gain	NOUN
emaj-196	36	44	.	.	PUNCT
emaj-196	37	1	however	however	ADV
emaj-196	37	2	,	,	PUNCT
emaj-196	37	3	it	it	PRON
emaj-196	37	4	was	be	AUX
emaj-196	37	5	theoretically	theoretically	ADV
emaj-196	37	6	opposed	oppose	VERB
emaj-196	37	7	by	by	ADP
emaj-196	37	8	miller	miller	PROPN
emaj-196	37	9	and	and	CCONJ
emaj-196	37	10	modigliani	modigliani	PROPN
emaj-196	37	11	(	(	PUNCT
emaj-196	37	12	1961	1961	NUM
emaj-196	37	13	)	)	PUNCT
emaj-196	37	14	in	in	ADP
emaj-196	37	15	their	their	PRON
emaj-196	37	16	seminar	seminar	NOUN
emaj-196	37	17	paper	paper	NOUN
emaj-196	37	18	revealing	reveal	VERB
emaj-196	37	19	that	that	SCONJ
emaj-196	37	20	dividends	dividend	NOUN
emaj-196	37	21	and	and	CCONJ
emaj-196	37	22	capital	capital	NOUN
emaj-196	37	23	gains	gain	NOUN
emaj-196	37	24	are	be	AUX
emaj-196	37	25	substituted	substitute	VERB
emaj-196	37	26	for	for	ADP
emaj-196	37	27	each	each	DET
emaj-196	37	28	other	other	ADJ
emaj-196	37	29	.	.	PUNCT
emaj-196	38	1	again	again	ADV
emaj-196	38	2	,	,	PUNCT
emaj-196	38	3	‘	'	PUNCT
emaj-196	38	4	home	home	NOUN
emaj-196	38	5	-	-	PUNCT
emaj-196	38	6	made	make	VERB
emaj-196	38	7	dividends	dividend	NOUN
emaj-196	38	8	’	'	PUNCT
emaj-196	38	9	could	could	AUX
emaj-196	38	10	be	be	AUX
emaj-196	38	11	produced	produce	VERB
emaj-196	38	12	by	by	ADP
emaj-196	38	13	the	the	DET
emaj-196	38	14	investors	investor	NOUN
emaj-196	38	15	by	by	ADP
emaj-196	38	16	issuing	issue	VERB
emaj-196	38	17	stock	stock	NOUN
emaj-196	38	18	if	if	SCONJ
emaj-196	38	19	that	that	PRON
emaj-196	38	20	is	be	AUX
emaj-196	38	21	what	what	PRON
emaj-196	38	22	they	they	PRON
emaj-196	38	23	have	have	AUX
emaj-196	38	24	decided	decide	VERB
emaj-196	38	25	to	to	PART
emaj-196	38	26	do	do	VERB
emaj-196	38	27	.	.	PUNCT
emaj-196	39	1	this	this	DET
emaj-196	39	2	theory	theory	NOUN
emaj-196	39	3	is	be	AUX
emaj-196	39	4	majorly	majorly	ADV
emaj-196	39	5	adopted	adopt	VERB
emaj-196	39	6	by	by	ADP
emaj-196	39	7	firms	firm	NOUN
emaj-196	39	8	for	for	ADP
emaj-196	39	9	justifying	justify	VERB
emaj-196	39	10	the	the	DET
emaj-196	39	11	essence	essence	NOUN
emaj-196	39	12	of	of	ADP
emaj-196	39	13	having	have	VERB
emaj-196	39	14	a	a	DET
emaj-196	39	15	well	well	ADV
emaj-196	39	16	-	-	PUNCT
emaj-196	39	17	established	establish	VERB
emaj-196	39	18	dividend	dividend	NOUN
emaj-196	39	19	policy	policy	NOUN
emaj-196	39	20	in	in	ADP
emaj-196	39	21	operation	operation	NOUN
emaj-196	39	22	.	.	PUNCT
emaj-196	40	1	traditionally	traditionally	ADV
emaj-196	40	2	,	,	PUNCT
emaj-196	40	3	the	the	DET
emaj-196	40	4	bird	bird	NOUN
emaj-196	40	5	in	in	ADP
emaj-196	40	6	hand	hand	NOUN
emaj-196	40	7	theory	theory	NOUN
emaj-196	40	8	posits	posit	NOUN
emaj-196	40	9	that	that	SCONJ
emaj-196	40	10	,	,	PUNCT
emaj-196	40	11	the	the	DET
emaj-196	40	12	share	share	NOUN
emaj-196	40	13	prices	price	NOUN
emaj-196	40	14	of	of	ADP
emaj-196	40	15	firms	firm	NOUN
emaj-196	40	16	can	can	AUX
emaj-196	40	17	be	be	AUX
emaj-196	40	18	influenced	influence	VERB
emaj-196	40	19	via	via	ADP
emaj-196	40	20	variation	variation	NOUN
emaj-196	40	21	in	in	ADP
emaj-196	40	22	their	their	PRON
emaj-196	40	23	policies	policy	NOUN
emaj-196	40	24	of	of	ADP
emaj-196	40	25	dividend	dividend	NOUN
emaj-196	40	26	.	.	PUNCT
emaj-196	41	1	the	the	DET
emaj-196	41	2	theory	theory	NOUN
emaj-196	41	3	further	far	ADV
emaj-196	41	4	asserts	assert	VERB
emaj-196	41	5	that	that	SCONJ
emaj-196	41	6	,	,	PUNCT
emaj-196	41	7	dividend	dividend	NOUN
emaj-196	41	8	is	be	AUX
emaj-196	41	9	preferred	prefer	VERB
emaj-196	41	10	by	by	ADP
emaj-196	41	11	the	the	DET
emaj-196	41	12	investors	investor	NOUN
emaj-196	41	13	to	to	PART
emaj-196	41	14	capital	capital	NOUN
emaj-196	41	15	gain	gain	NOUN
emaj-196	41	16	for	for	ADP
emaj-196	41	17	that	that	PRON
emaj-196	41	18	‘	'	PUNCT
emaj-196	41	19	a	a	DET
emaj-196	41	20	bird	bird	NOUN
emaj-196	41	21	in	in	ADP
emaj-196	41	22	the	the	DET
emaj-196	41	23	hand	hand	NOUN
emaj-196	41	24	is	be	AUX
emaj-196	41	25	worth	worth	ADJ
emaj-196	41	26	more	more	ADJ
emaj-196	41	27	than	than	ADP
emaj-196	41	28	one	one	NUM
emaj-196	41	29	in	in	ADP
emaj-196	41	30	the	the	DET
emaj-196	41	31	bush	bush	NOUN
emaj-196	41	32	’	'	PUNCT
emaj-196	41	33	.	.	PUNCT
emaj-196	42	1	that	that	PRON
emaj-196	42	2	is	be	AUX
emaj-196	42	3	to	to	PART
emaj-196	42	4	say	say	VERB
emaj-196	42	5	,	,	PUNCT
emaj-196	42	6	dividend	dividend	NOUN
emaj-196	42	7	today	today	NOUN
emaj-196	42	8	is	be	AUX
emaj-196	42	9	more	more	ADV
emaj-196	42	10	preferred	preferred	ADJ
emaj-196	42	11	than	than	ADP
emaj-196	42	12	capital	capital	NOUN
emaj-196	42	13	gain	gain	NOUN
emaj-196	42	14	that	that	PRON
emaj-196	42	15	is	be	AUX
emaj-196	42	16	not	not	PART
emaj-196	42	17	certain	certain	ADJ
emaj-196	42	18	in	in	ADP
emaj-196	42	19	the	the	DET
emaj-196	42	20	future	future	NOUN
emaj-196	42	21	(	(	PUNCT
emaj-196	42	22	gordon	gordon	PROPN
emaj-196	42	23	,	,	PUNCT
emaj-196	42	24	1963	1963	NUM
emaj-196	42	25	)	)	PUNCT
emaj-196	42	26	.	.	PUNCT
emaj-196	43	1	several	several	ADJ
emaj-196	43	2	empirical	empirical	ADJ
emaj-196	43	3	studies	study	NOUN
emaj-196	43	4	had	have	AUX
emaj-196	43	5	been	be	AUX
emaj-196	43	6	conducted	conduct	VERB
emaj-196	43	7	home	home	ADV
emaj-196	43	8	and	and	CCONJ
emaj-196	43	9	abroad	abroad	ADV
emaj-196	43	10	on	on	ADP
emaj-196	43	11	the	the	DET
emaj-196	43	12	association	association	NOUN
emaj-196	43	13	of	of	ADP
emaj-196	43	14	dividend	dividend	NOUN
emaj-196	43	15	payment	payment	NOUN
emaj-196	43	16	and	and	CCONJ
emaj-196	43	17	policy	policy	NOUN
emaj-196	43	18	with	with	ADP
emaj-196	43	19	share	share	NOUN
emaj-196	43	20	price	price	NOUN
emaj-196	43	21	as	as	ADP
emaj-196	43	22	to	to	ADP
emaj-196	43	23	whether	whether	SCONJ
emaj-196	43	24	there	there	PRON
emaj-196	43	25	exists	exist	VERB
emaj-196	43	26	a	a	DET
emaj-196	43	27	positive	positive	ADJ
emaj-196	43	28	or	or	CCONJ
emaj-196	43	29	negative	negative	ADJ
emaj-196	43	30	association	association	NOUN
emaj-196	43	31	between	between	ADP
emaj-196	43	32	the	the	DET
emaj-196	43	33	variables	variable	NOUN
emaj-196	43	34	.	.	PUNCT
emaj-196	44	1	few	few	ADJ
emaj-196	44	2	of	of	ADP
emaj-196	44	3	such	such	ADJ
emaj-196	44	4	studies	study	NOUN
emaj-196	44	5	are	be	AUX
emaj-196	44	6	empirically	empirically	ADV
emaj-196	44	7	reviewed	review	VERB
emaj-196	44	8	below	below	ADV
emaj-196	44	9	:	:	PUNCT
emaj-196	44	10	a	a	DET
emaj-196	44	11	study	study	NOUN
emaj-196	44	12	was	be	AUX
emaj-196	44	13	conducted	conduct	VERB
emaj-196	44	14	in	in	ADP
emaj-196	44	15	nigeria	nigeria	PROPN
emaj-196	44	16	by	by	ADP
emaj-196	44	17	augustine	augustine	PROPN
emaj-196	44	18	et	et	PROPN
emaj-196	44	19	al	al	PROPN
emaj-196	44	20	.	.	PROPN
emaj-196	45	1	(	(	PUNCT
emaj-196	45	2	2019	2019	NUM
emaj-196	45	3	)	)	PUNCT
emaj-196	45	4	investigating	investigate	VERB
emaj-196	45	5	the	the	DET
emaj-196	45	6	association	association	NOUN
emaj-196	45	7	of	of	ADP
emaj-196	45	8	the	the	DET
emaj-196	45	9	ratio	ratio	NOUN
emaj-196	45	10	of	of	ADP
emaj-196	45	11	dividend	dividend	NOUN
emaj-196	45	12	payout	payout	NOUN
emaj-196	45	13	with	with	ADP
emaj-196	45	14	the	the	DET
emaj-196	45	15	value	value	NOUN
emaj-196	45	16	of	of	ADP
emaj-196	45	17	brewery	brewery	NOUN
emaj-196	45	18	and	and	CCONJ
emaj-196	45	19	beverage	beverage	NOUN
emaj-196	45	20	companies	company	NOUN
emaj-196	45	21	quoted	quote	VERB
emaj-196	45	22	on	on	ADP
emaj-196	45	23	the	the	DET
emaj-196	45	24	nigerian	nigerian	ADJ
emaj-196	45	25	stock	stock	NOUN
emaj-196	45	26	exchange	exchange	PROPN
emaj-196	45	27	(	(	PUNCT
emaj-196	45	28	nse	nse	NOUN
emaj-196	45	29	)	)	PUNCT
emaj-196	45	30	.	.	PUNCT
emaj-196	46	1	the	the	DET
emaj-196	46	2	study	study	NOUN
emaj-196	46	3	also	also	ADV
emaj-196	46	4	examined	examine	VERB
emaj-196	46	5	other	other	ADJ
emaj-196	46	6	factors	factor	NOUN
emaj-196	46	7	that	that	PRON
emaj-196	46	8	influence	influence	VERB
emaj-196	46	9	the	the	DET
emaj-196	46	10	value	value	NOUN
emaj-196	46	11	of	of	ADP
emaj-196	46	12	firm	firm	NOUN
emaj-196	46	13	.	.	PUNCT
emaj-196	47	1	however	however	ADV
emaj-196	47	2	,	,	PUNCT
emaj-196	47	3	the	the	DET
emaj-196	47	4	variables	variable	NOUN
emaj-196	47	5	(	(	PUNCT
emaj-196	47	6	cash	cash	NOUN
emaj-196	47	7	holding	holding	NOUN
emaj-196	47	8	,	,	PUNCT
emaj-196	47	9	profitability	profitability	NOUN
emaj-196	47	10	,	,	PUNCT
emaj-196	47	11	size	size	NOUN
emaj-196	47	12	of	of	ADP
emaj-196	47	13	company	company	NOUN
emaj-196	47	14	as	as	ADV
emaj-196	47	15	well	well	ADV
emaj-196	47	16	as	as	ADP
emaj-196	47	17	leverage	leverage	NOUN
emaj-196	47	18	and	and	CCONJ
emaj-196	47	19	dividend	dividend	NOUN
emaj-196	47	20	policy	policy	NOUN
emaj-196	47	21	ratio	ratio	NOUN
emaj-196	47	22	)	)	PUNCT
emaj-196	47	23	were	be	AUX
emaj-196	47	24	regarded	regard	VERB
emaj-196	47	25	as	as	ADP
emaj-196	47	26	the	the	DET
emaj-196	47	27	factors	factor	NOUN
emaj-196	47	28	influencing	influence	VERB
emaj-196	47	29	the	the	DET
emaj-196	47	30	value	value	NOUN
emaj-196	47	31	of	of	ADP
emaj-196	47	32	companies	company	NOUN
emaj-196	47	33	.	.	PUNCT
emaj-196	48	1	ols	ol	NOUN
emaj-196	48	2	regression	regression	NOUN
emaj-196	48	3	analysis	analysis	NOUN
emaj-196	48	4	was	be	AUX
emaj-196	48	5	adopted	adopt	VERB
emaj-196	48	6	to	to	PART
emaj-196	48	7	analyze	analyze	VERB
emaj-196	48	8	the	the	DET
emaj-196	48	9	secondary	secondary	ADJ
emaj-196	48	10	data	datum	NOUN
emaj-196	48	11	collected	collect	VERB
emaj-196	48	12	from	from	ADP
emaj-196	48	13	the	the	DET
emaj-196	48	14	firms	firm	NOUN
emaj-196	48	15	spanning	span	VERB
emaj-196	48	16	from	from	ADP
emaj-196	48	17	2007	2007	NUM
emaj-196	48	18	-	-	SYM
emaj-196	48	19	2016	2016	NUM
emaj-196	48	20	.	.	PUNCT
emaj-196	49	1	it	it	PRON
emaj-196	49	2	was	be	AUX
emaj-196	49	3	established	establish	VERB
emaj-196	49	4	that	that	SCONJ
emaj-196	49	5	,	,	PUNCT
emaj-196	49	6	profitability	profitability	NOUN
emaj-196	49	7	and	and	CCONJ
emaj-196	49	8	leverage	leverage	NOUN
emaj-196	49	9	ratio	ratio	NOUN
emaj-196	49	10	have	have	VERB
emaj-196	49	11	significant	significant	ADJ
emaj-196	49	12	and	and	CCONJ
emaj-196	49	13	positive	positive	ADJ
emaj-196	49	14	influence	influence	NOUN
emaj-196	49	15	on	on	ADP
emaj-196	49	16	the	the	DET
emaj-196	49	17	companies	company	NOUN
emaj-196	49	18	’	'	PUNCT
emaj-196	49	19	value	value	NOUN
emaj-196	49	20	.	.	PUNCT
emaj-196	50	1	this	this	PRON
emaj-196	50	2	implies	imply	VERB
emaj-196	50	3	that	that	SCONJ
emaj-196	50	4	,	,	PUNCT
emaj-196	50	5	only	only	ADV
emaj-196	50	6	the	the	DET
emaj-196	50	7	variables	variable	NOUN
emaj-196	50	8	of	of	ADP
emaj-196	50	9	firm	firm	ADJ
emaj-196	50	10	leverage	leverage	NOUN
emaj-196	50	11	,	,	PUNCT
emaj-196	50	12	and	and	CCONJ
emaj-196	50	13	profit	profit	NOUN
emaj-196	50	14	after	after	ADP
emaj-196	50	15	tax	tax	NOUN
emaj-196	50	16	are	be	AUX
emaj-196	50	17	significant	significant	ADJ
emaj-196	50	18	factors	factor	NOUN
emaj-196	50	19	that	that	PRON
emaj-196	50	20	drive	drive	VERB
emaj-196	50	21	firm	firm	ADJ
emaj-196	50	22	value	value	NOUN
emaj-196	50	23	in	in	ADP
emaj-196	50	24	both	both	DET
emaj-196	50	25	breweries	brewery	NOUN
emaj-196	50	26	and	and	CCONJ
emaj-196	50	27	beverages	beverage	NOUN
emaj-196	50	28	companies	company	NOUN
emaj-196	50	29	among	among	ADP
emaj-196	50	30	listed	list	VERB
emaj-196	50	31	companies	company	NOUN
emaj-196	50	32	in	in	ADP
emaj-196	50	33	nigeria	nigeria	PROPN
emaj-196	50	34	.	.	PUNCT
emaj-196	51	1	hence	hence	ADV
emaj-196	51	2	,	,	PUNCT
emaj-196	51	3	the	the	DET
emaj-196	51	4	work	work	NOUN
emaj-196	51	5	suggested	suggest	VERB
emaj-196	51	6	that	that	SCONJ
emaj-196	51	7	,	,	PUNCT
emaj-196	51	8	policies	policy	NOUN
emaj-196	51	9	which	which	PRON
emaj-196	51	10	will	will	AUX
emaj-196	51	11	optimize	optimize	VERB
emaj-196	51	12	the	the	DET
emaj-196	51	13	leverage	leverage	NOUN
emaj-196	51	14	ratio	ratio	NOUN
emaj-196	51	15	of	of	ADP
emaj-196	51	16	companies	company	NOUN
emaj-196	51	17	should	should	AUX
emaj-196	51	18	be	be	AUX
emaj-196	51	19	put	put	VERB
emaj-196	51	20	in	in	ADP
emaj-196	51	21	place	place	NOUN
emaj-196	51	22	and	and	CCONJ
emaj-196	51	23	that	that	SCONJ
emaj-196	51	24	companies	company	NOUN
emaj-196	51	25	which	which	PRON
emaj-196	51	26	wish	wish	VERB
emaj-196	51	27	to	to	PART
emaj-196	51	28	optimize	optimize	VERB
emaj-196	51	29	their	their	PRON
emaj-196	51	30	values	value	NOUN
emaj-196	51	31	should	should	AUX
emaj-196	51	32	ensure	ensure	VERB
emaj-196	51	33	that	that	SCONJ
emaj-196	51	34	profit	profit	NOUN
emaj-196	51	35	after	after	ADP
emaj-196	51	36	tax	tax	NOUN
emaj-196	51	37	is	be	AUX
emaj-196	51	38	maximized	maximize	VERB
emaj-196	51	39	.	.	PUNCT
emaj-196	52	1	adopting	adopt	VERB
emaj-196	52	2	a	a	DET
emaj-196	52	3	panel	panel	NOUN
emaj-196	52	4	least	least	ADJ
emaj-196	52	5	square	square	ADJ
emaj-196	52	6	regressions	regression	NOUN
emaj-196	52	7	method	method	NOUN
emaj-196	52	8	,	,	PUNCT
emaj-196	52	9	alfred	alfred	PROPN
emaj-196	52	10	et	et	PROPN
emaj-196	52	11	al	al	PROPN
emaj-196	52	12	.	.	PROPN
emaj-196	53	1	(	(	PUNCT
emaj-196	53	2	2019	2019	NUM
emaj-196	53	3	)	)	PUNCT
emaj-196	53	4	appraised	appraise	VERB
emaj-196	53	5	the	the	DET
emaj-196	53	6	dividend	dividend	NOUN
emaj-196	53	7	policy	policy	NOUN
emaj-196	53	8	influence	influence	NOUN
emaj-196	53	9	on	on	ADP
emaj-196	53	10	the	the	DET
emaj-196	53	11	prices	price	NOUN
emaj-196	53	12	of	of	ADP
emaj-196	53	13	stock	stock	NOUN
emaj-196	53	14	of	of	ADP
emaj-196	53	15	ten	ten	NUM
emaj-196	53	16	consumer	consumer	NOUN
emaj-196	53	17	goods	good	NOUN
emaj-196	53	18	companies	company	NOUN
emaj-196	53	19	listed	list	VERB
emaj-196	53	20	on	on	ADP
emaj-196	53	21	the	the	DET
emaj-196	53	22	nigerian	nigerian	ADJ
emaj-196	53	23	stock	stock	NOUN
emaj-196	53	24	exchange	exchange	PROPN
emaj-196	53	25	.	.	PUNCT
emaj-196	54	1	the	the	DET
emaj-196	54	2	secondary	secondary	ADJ
emaj-196	54	3	data	datum	NOUN
emaj-196	54	4	adopted	adopt	VERB
emaj-196	54	5	were	be	AUX
emaj-196	54	6	collected	collect	VERB
emaj-196	54	7	from	from	ADP
emaj-196	54	8	the	the	DET
emaj-196	54	9	financial	financial	ADJ
emaj-196	54	10	statements	statement	NOUN
emaj-196	54	11	of	of	ADP
emaj-196	54	12	the	the	DET
emaj-196	54	13	firms	firm	NOUN
emaj-196	54	14	investigated	investigate	VERB
emaj-196	54	15	spanning	span	VERB
emaj-196	54	16	volume	volume	NOUN
emaj-196	54	17	10	10	NUM
emaj-196	54	18	no	no	DET
emaj-196	54	19	2	2	NUM
emaj-196	54	20	(	(	PUNCT
emaj-196	54	21	2020	2020	NUM
emaj-196	54	22	)	)	PUNCT
emaj-196	54	23	|	|	ADV
emaj-196	54	24	issn	issn	VERB
emaj-196	54	25	2158	2158	NUM
emaj-196	54	26	-	-	SYM
emaj-196	54	27	8708	8708	NUM
emaj-196	54	28	(	(	PUNCT
emaj-196	54	29	online	online	NOUN
emaj-196	54	30	)	)	PUNCT
emaj-196	54	31	|	|	ADV
emaj-196	54	32	doi	doi	X
emaj-196	54	33	10.5195	10.5195	NUM
emaj-196	54	34	/	/	SYM
emaj-196	54	35	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	54	36	|	|	ADV
emaj-196	54	37	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	54	38	samson	samson	PROPN
emaj-196	54	39	ogege	ogege	NOUN
emaj-196	54	40	emerging	emerge	VERB
emaj-196	54	41	markets	market	NOUN
emaj-196	54	42	journal	journal	NOUN
emaj-196	55	1	|	|	ADV
emaj-196	55	2	p	p	NOUN
emaj-196	55	3	a	a	DET
emaj-196	55	4	g	g	NOUN
emaj-196	55	5	e	e	NOUN
emaj-196	55	6	6	6	NUM
emaj-196	55	7	5	5	NUM
emaj-196	55	8	from	from	ADP
emaj-196	55	9	2011	2011	NUM
emaj-196	55	10	to	to	ADP
emaj-196	55	11	2015	2015	NUM
emaj-196	55	12	and	and	CCONJ
emaj-196	55	13	established	establish	VERB
emaj-196	55	14	that	that	DET
emaj-196	55	15	dividend	dividend	NOUN
emaj-196	55	16	yield	yield	NOUN
emaj-196	55	17	influences	influence	NOUN
emaj-196	55	18	market	market	NOUN
emaj-196	55	19	price	price	NOUN
emaj-196	55	20	share	share	NOUN
emaj-196	55	21	insignificantly	insignificantly	ADV
emaj-196	55	22	and	and	CCONJ
emaj-196	55	23	adversely	adversely	ADV
emaj-196	55	24	;	;	PUNCT
emaj-196	55	25	earnings	earning	NOUN
emaj-196	55	26	per	per	ADP
emaj-196	55	27	share	share	NOUN
emaj-196	55	28	and	and	CCONJ
emaj-196	55	29	dividend	dividend	VERB
emaj-196	55	30	pay	pay	VERB
emaj-196	55	31	-	-	PUNCT
emaj-196	55	32	out	out	ADP
emaj-196	55	33	ratio	ratio	NOUN
emaj-196	55	34	influenced	influence	VERB
emaj-196	55	35	market	market	NOUN
emaj-196	55	36	price	price	NOUN
emaj-196	55	37	share	share	NOUN
emaj-196	55	38	significantly	significantly	ADV
emaj-196	55	39	and	and	CCONJ
emaj-196	55	40	positively	positively	ADV
emaj-196	55	41	while	while	SCONJ
emaj-196	55	42	net	net	ADJ
emaj-196	55	43	asset	asset	NOUN
emaj-196	55	44	per	per	ADP
emaj-196	55	45	share	share	NOUN
emaj-196	55	46	show	show	VERB
emaj-196	55	47	non	non	ADJ
emaj-196	55	48	-	-	ADJ
emaj-196	55	49	significant	significant	ADJ
emaj-196	55	50	positive	positive	ADJ
emaj-196	55	51	impact	impact	NOUN
emaj-196	55	52	on	on	ADP
emaj-196	55	53	market	market	NOUN
emaj-196	55	54	price	price	NOUN
emaj-196	55	55	share	share	NOUN
emaj-196	55	56	.	.	PUNCT
emaj-196	56	1	in	in	ADP
emaj-196	56	2	view	view	NOUN
emaj-196	56	3	of	of	ADP
emaj-196	56	4	the	the	DET
emaj-196	56	5	outcomes	outcome	NOUN
emaj-196	56	6	of	of	ADP
emaj-196	56	7	the	the	DET
emaj-196	56	8	analysis	analysis	NOUN
emaj-196	56	9	,	,	PUNCT
emaj-196	56	10	it	it	PRON
emaj-196	56	11	was	be	AUX
emaj-196	56	12	inferred	infer	VERB
emaj-196	56	13	that	that	SCONJ
emaj-196	56	14	the	the	DET
emaj-196	56	15	policy	policy	NOUN
emaj-196	56	16	of	of	ADP
emaj-196	56	17	dividend	dividend	NOUN
emaj-196	56	18	has	have	VERB
emaj-196	56	19	the	the	DET
emaj-196	56	20	potential	potential	NOUN
emaj-196	56	21	to	to	PART
emaj-196	56	22	impact	impact	VERB
emaj-196	56	23	on	on	ADP
emaj-196	56	24	the	the	DET
emaj-196	56	25	prices	price	NOUN
emaj-196	56	26	of	of	ADP
emaj-196	56	27	stock	stock	NOUN
emaj-196	56	28	in	in	ADP
emaj-196	56	29	the	the	DET
emaj-196	56	30	consumer	consumer	NOUN
emaj-196	56	31	goods	good	NOUN
emaj-196	56	32	sector	sector	NOUN
emaj-196	56	33	pointing	point	VERB
emaj-196	56	34	out	out	ADP
emaj-196	56	35	that	that	SCONJ
emaj-196	56	36	the	the	DET
emaj-196	56	37	irrelevancy	irrelevancy	NOUN
emaj-196	56	38	theory	theory	NOUN
emaj-196	56	39	of	of	ADP
emaj-196	56	40	dividends	dividend	NOUN
emaj-196	56	41	does	do	AUX
emaj-196	56	42	not	not	PART
emaj-196	56	43	take	take	VERB
emaj-196	56	44	effect	effect	NOUN
emaj-196	56	45	as	as	SCONJ
emaj-196	56	46	the	the	DET
emaj-196	56	47	case	case	NOUN
emaj-196	56	48	may	may	AUX
emaj-196	56	49	be	be	AUX
emaj-196	56	50	in	in	ADP
emaj-196	56	51	nigeria	nigeria	PROPN
emaj-196	56	52	.	.	PUNCT
emaj-196	57	1	by	by	ADP
emaj-196	57	2	investigating	investigate	VERB
emaj-196	57	3	about	about	ADV
emaj-196	57	4	two	two	NUM
emaj-196	57	5	hundred	hundred	NUM
emaj-196	57	6	and	and	CCONJ
emaj-196	57	7	twenty	twenty	NUM
emaj-196	57	8	-	-	PUNCT
emaj-196	57	9	eight	eight	NUM
emaj-196	57	10	quoted	quote	VERB
emaj-196	57	11	companies	company	NOUN
emaj-196	57	12	in	in	ADP
emaj-196	57	13	the	the	DET
emaj-196	57	14	amman	amman	PROPN
emaj-196	57	15	stock	stock	PROPN
emaj-196	57	16	exchange	exchange	PROPN
emaj-196	57	17	,	,	PUNCT
emaj-196	57	18	muhannad	muhannad	NOUN
emaj-196	57	19	et	et	PROPN
emaj-196	57	20	al	al	PROPN
emaj-196	57	21	.	.	PUNCT
emaj-196	58	1	(	(	PUNCT
emaj-196	58	2	2018	2018	NUM
emaj-196	58	3	)	)	PUNCT
emaj-196	58	4	obtained	obtain	VERB
emaj-196	58	5	the	the	DET
emaj-196	58	6	data	datum	NOUN
emaj-196	58	7	spanning	span	VERB
emaj-196	58	8	from	from	ADP
emaj-196	58	9	2010	2010	NUM
emaj-196	58	10	to	to	ADP
emaj-196	58	11	2016	2016	NUM
emaj-196	58	12	to	to	PART
emaj-196	58	13	ascertain	ascertain	VERB
emaj-196	58	14	the	the	DET
emaj-196	58	15	influence	influence	NOUN
emaj-196	58	16	of	of	ADP
emaj-196	58	17	dividend	dividend	NOUN
emaj-196	58	18	policy	policy	NOUN
emaj-196	58	19	on	on	ADP
emaj-196	58	20	the	the	DET
emaj-196	58	21	fluctuation	fluctuation	NOUN
emaj-196	58	22	of	of	ADP
emaj-196	58	23	stock	stock	NOUN
emaj-196	58	24	price	price	NOUN
emaj-196	58	25	of	of	ADP
emaj-196	58	26	the	the	DET
emaj-196	58	27	study	study	NOUN
emaj-196	58	28	sample	sample	NOUN
emaj-196	58	29	.	.	PUNCT
emaj-196	59	1	with	with	ADP
emaj-196	59	2	the	the	DET
emaj-196	59	3	adoption	adoption	NOUN
emaj-196	59	4	of	of	ADP
emaj-196	59	5	pearson	pearson	PROPN
emaj-196	59	6	correlation	correlation	NOUN
emaj-196	59	7	analysis	analysis	NOUN
emaj-196	59	8	and	and	CCONJ
emaj-196	59	9	the	the	DET
emaj-196	59	10	estimation	estimation	NOUN
emaj-196	59	11	of	of	ADP
emaj-196	59	12	panel	panel	NOUN
emaj-196	59	13	gmm	gmm	VERB
emaj-196	59	14	to	to	PART
emaj-196	59	15	investigate	investigate	VERB
emaj-196	59	16	the	the	DET
emaj-196	59	17	association	association	NOUN
emaj-196	59	18	between	between	ADP
emaj-196	59	19	the	the	DET
emaj-196	59	20	observed	observed	ADJ
emaj-196	59	21	variables	variable	NOUN
emaj-196	59	22	,	,	PUNCT
emaj-196	59	23	it	it	PRON
emaj-196	59	24	was	be	AUX
emaj-196	59	25	established	establish	VERB
emaj-196	59	26	that	that	DET
emaj-196	59	27	dividend	dividend	NOUN
emaj-196	59	28	policy	policy	NOUN
emaj-196	59	29	and	and	CCONJ
emaj-196	59	30	payout	payout	NOUN
emaj-196	59	31	,	,	PUNCT
emaj-196	59	32	dividend	dividend	NOUN
emaj-196	59	33	yield	yield	NOUN
emaj-196	59	34	have	have	VERB
emaj-196	59	35	adverse	adverse	ADJ
emaj-196	59	36	significant	significant	ADJ
emaj-196	59	37	causality	causality	NOUN
emaj-196	59	38	with	with	ADP
emaj-196	59	39	stock	stock	NOUN
emaj-196	59	40	price	price	NOUN
emaj-196	59	41	fluctuation	fluctuation	NOUN
emaj-196	59	42	.	.	PUNCT
emaj-196	60	1	it	it	PRON
emaj-196	60	2	therefore	therefore	ADV
emaj-196	60	3	means	mean	VERB
emaj-196	60	4	that	that	SCONJ
emaj-196	60	5	the	the	PRON
emaj-196	60	6	more	more	ADV
emaj-196	60	7	the	the	DET
emaj-196	60	8	companies	company	NOUN
emaj-196	60	9	increase	increase	VERB
emaj-196	60	10	their	their	PRON
emaj-196	60	11	dividend	dividend	NOUN
emaj-196	60	12	payout	payout	NOUN
emaj-196	60	13	and	and	CCONJ
emaj-196	60	14	dividend	dividend	NOUN
emaj-196	60	15	yield	yield	NOUN
emaj-196	60	16	,	,	PUNCT
emaj-196	60	17	there	there	PRON
emaj-196	60	18	will	will	AUX
emaj-196	60	19	be	be	AUX
emaj-196	60	20	more	more	ADJ
emaj-196	60	21	reduction	reduction	NOUN
emaj-196	60	22	in	in	ADP
emaj-196	60	23	the	the	DET
emaj-196	60	24	fluctuation	fluctuation	NOUN
emaj-196	60	25	of	of	ADP
emaj-196	60	26	the	the	DET
emaj-196	60	27	price	price	NOUN
emaj-196	60	28	of	of	ADP
emaj-196	60	29	stock	stock	NOUN
emaj-196	60	30	which	which	PRON
emaj-196	60	31	invariably	invariably	ADV
emaj-196	60	32	brings	bring	VERB
emaj-196	60	33	about	about	ADP
emaj-196	60	34	a	a	DET
emaj-196	60	35	more	more	ADV
emaj-196	60	36	stable	stable	ADJ
emaj-196	60	37	stock	stock	NOUN
emaj-196	60	38	price	price	NOUN
emaj-196	60	39	.	.	PUNCT
emaj-196	61	1	hence	hence	ADV
emaj-196	61	2	,	,	PUNCT
emaj-196	61	3	the	the	DET
emaj-196	61	4	study	study	NOUN
emaj-196	61	5	recommended	recommend	VERB
emaj-196	61	6	that	that	PRON
emaj-196	61	7	dividend	dividend	NOUN
emaj-196	61	8	policy	policy	NOUN
emaj-196	61	9	that	that	PRON
emaj-196	61	10	is	be	AUX
emaj-196	61	11	favorable	favorable	ADJ
emaj-196	61	12	to	to	ADP
emaj-196	61	13	both	both	CCONJ
emaj-196	61	14	the	the	DET
emaj-196	61	15	current	current	ADJ
emaj-196	61	16	and	and	CCONJ
emaj-196	61	17	future	future	ADJ
emaj-196	61	18	investors	investor	NOUN
emaj-196	61	19	should	should	AUX
emaj-196	61	20	be	be	AUX
emaj-196	61	21	formulated	formulate	VERB
emaj-196	61	22	and	and	CCONJ
emaj-196	61	23	maintained	maintain	VERB
emaj-196	61	24	by	by	ADP
emaj-196	61	25	the	the	DET
emaj-196	61	26	companies	company	NOUN
emaj-196	61	27	quoted	quote	VERB
emaj-196	61	28	on	on	ADP
emaj-196	61	29	the	the	DET
emaj-196	61	30	amman	amman	PROPN
emaj-196	61	31	stock	stock	PROPN
emaj-196	61	32	exchange	exchange	PROPN
emaj-196	61	33	.	.	PUNCT
emaj-196	62	1	between	between	ADP
emaj-196	62	2	2006	2006	NUM
emaj-196	62	3	and	and	CCONJ
emaj-196	62	4	2015	2015	NUM
emaj-196	62	5	,	,	PUNCT
emaj-196	62	6	a	a	DET
emaj-196	62	7	similar	similar	ADJ
emaj-196	62	8	study	study	NOUN
emaj-196	62	9	was	be	AUX
emaj-196	62	10	conducted	conduct	VERB
emaj-196	62	11	in	in	ADP
emaj-196	62	12	nairobi	nairobi	PROPN
emaj-196	62	13	for	for	ADP
emaj-196	62	14	a	a	DET
emaj-196	62	15	case	case	NOUN
emaj-196	62	16	of	of	ADP
emaj-196	62	17	six	six	NUM
emaj-196	62	18	insurance	insurance	NOUN
emaj-196	62	19	firms	firm	NOUN
emaj-196	62	20	quoted	quote	VERB
emaj-196	62	21	on	on	ADP
emaj-196	62	22	the	the	DET
emaj-196	62	23	nairobi	nairobi	PROPN
emaj-196	62	24	securities	securities	PROPN
emaj-196	62	25	exchange	exchange	PROPN
emaj-196	62	26	and	and	CCONJ
emaj-196	62	27	it	it	PRON
emaj-196	62	28	was	be	AUX
emaj-196	62	29	revealed	reveal	VERB
emaj-196	62	30	based	base	VERB
emaj-196	62	31	on	on	ADP
emaj-196	62	32	the	the	DET
emaj-196	62	33	regression	regression	NOUN
emaj-196	62	34	analysis	analysis	NOUN
emaj-196	62	35	adopted	adopt	VERB
emaj-196	62	36	by	by	ADP
emaj-196	62	37	joseph	joseph	PROPN
emaj-196	62	38	and	and	CCONJ
emaj-196	62	39	symon	symon	PROPN
emaj-196	62	40	(	(	PUNCT
emaj-196	62	41	2017	2017	NUM
emaj-196	62	42	)	)	PUNCT
emaj-196	62	43	that	that	SCONJ
emaj-196	62	44	earnings	earning	NOUN
emaj-196	62	45	per	per	ADP
emaj-196	62	46	share	share	NOUN
emaj-196	62	47	,	,	PUNCT
emaj-196	62	48	dividend	dividend	NOUN
emaj-196	62	49	yield	yield	NOUN
emaj-196	62	50	and	and	CCONJ
emaj-196	62	51	inflation	inflation	NOUN
emaj-196	62	52	significantly	significantly	ADV
emaj-196	62	53	and	and	CCONJ
emaj-196	62	54	positively	positively	ADV
emaj-196	62	55	influenced	influence	VERB
emaj-196	62	56	the	the	DET
emaj-196	62	57	share	share	NOUN
emaj-196	62	58	price	price	NOUN
emaj-196	62	59	value	value	NOUN
emaj-196	62	60	.	.	PUNCT
emaj-196	63	1	based	base	VERB
emaj-196	63	2	on	on	ADP
emaj-196	63	3	the	the	DET
emaj-196	63	4	outcomes	outcome	NOUN
emaj-196	63	5	established	establish	VERB
emaj-196	63	6	,	,	PUNCT
emaj-196	63	7	it	it	PRON
emaj-196	63	8	is	be	AUX
emaj-196	63	9	inferred	infer	VERB
emaj-196	63	10	that	that	SCONJ
emaj-196	63	11	dividend	dividend	NOUN
emaj-196	63	12	policies	policy	NOUN
emaj-196	63	13	should	should	AUX
emaj-196	63	14	be	be	AUX
emaj-196	63	15	thoroughly	thoroughly	ADV
emaj-196	63	16	and	and	CCONJ
emaj-196	63	17	accurately	accurately	ADV
emaj-196	63	18	considered	consider	VERB
emaj-196	63	19	by	by	ADP
emaj-196	63	20	the	the	DET
emaj-196	63	21	insurance	insurance	NOUN
emaj-196	63	22	companies	company	NOUN
emaj-196	63	23	as	as	ADP
emaj-196	63	24	a	a	DET
emaj-196	63	25	result	result	NOUN
emaj-196	63	26	of	of	ADP
emaj-196	63	27	their	their	PRON
emaj-196	63	28	potentials	potential	NOUN
emaj-196	63	29	to	to	PART
emaj-196	63	30	impact	impact	VERB
emaj-196	63	31	the	the	DET
emaj-196	63	32	price	price	NOUN
emaj-196	63	33	of	of	ADP
emaj-196	63	34	share	share	NOUN
emaj-196	63	35	by	by	ADP
emaj-196	63	36	making	make	VERB
emaj-196	63	37	the	the	DET
emaj-196	63	38	price	price	NOUN
emaj-196	63	39	of	of	ADP
emaj-196	63	40	stock	stock	NOUN
emaj-196	63	41	to	to	ADP
emaj-196	63	42	either	either	CCONJ
emaj-196	63	43	increase	increase	VERB
emaj-196	63	44	or	or	CCONJ
emaj-196	63	45	decrease	decrease	NOUN
emaj-196	63	46	based	base	VERB
emaj-196	63	47	on	on	ADP
emaj-196	63	48	the	the	DET
emaj-196	63	49	dividends	dividend	NOUN
emaj-196	63	50	declared	declare	VERB
emaj-196	63	51	by	by	ADP
emaj-196	63	52	the	the	DET
emaj-196	63	53	firms	firm	NOUN
emaj-196	63	54	’	'	PUNCT
emaj-196	63	55	management	management	NOUN
emaj-196	63	56	.	.	PUNCT
emaj-196	64	1	thus	thus	ADV
emaj-196	64	2	,	,	PUNCT
emaj-196	64	3	it	it	PRON
emaj-196	64	4	is	be	AUX
emaj-196	64	5	highly	highly	ADV
emaj-196	64	6	required	require	VERB
emaj-196	64	7	by	by	ADP
emaj-196	64	8	the	the	DET
emaj-196	64	9	management	management	NOUN
emaj-196	64	10	to	to	PART
emaj-196	64	11	be	be	AUX
emaj-196	64	12	honest	honest	ADJ
emaj-196	64	13	and	and	CCONJ
emaj-196	64	14	responsive	responsive	ADJ
emaj-196	64	15	in	in	ADP
emaj-196	64	16	dividends	dividend	NOUN
emaj-196	64	17	declaration	declaration	NOUN
emaj-196	64	18	.	.	PUNCT
emaj-196	65	1	to	to	PART
emaj-196	65	2	further	far	ADV
emaj-196	65	3	ascertain	ascertain	VERB
emaj-196	65	4	how	how	SCONJ
emaj-196	65	5	the	the	DET
emaj-196	65	6	payment	payment	NOUN
emaj-196	65	7	of	of	ADP
emaj-196	65	8	dividend	dividend	NOUN
emaj-196	65	9	affects	affect	VERB
emaj-196	65	10	the	the	DET
emaj-196	65	11	share	share	NOUN
emaj-196	65	12	value	value	NOUN
emaj-196	65	13	,	,	PUNCT
emaj-196	65	14	akram	akram	PROPN
emaj-196	65	15	(	(	PUNCT
emaj-196	65	16	2017	2017	NUM
emaj-196	65	17	)	)	PUNCT
emaj-196	65	18	sourced	source	VERB
emaj-196	65	19	for	for	ADP
emaj-196	65	20	data	datum	NOUN
emaj-196	65	21	from	from	ADP
emaj-196	65	22	44	44	NUM
emaj-196	65	23	companies	company	NOUN
emaj-196	65	24	quoted	quote	VERB
emaj-196	65	25	on	on	ADP
emaj-196	65	26	istanbul	istanbul	PROPN
emaj-196	65	27	stock	stock	PROPN
emaj-196	65	28	exchange	exchange	PROPN
emaj-196	65	29	spanning	span	VERB
emaj-196	65	30	from	from	ADP
emaj-196	65	31	2007	2007	NUM
emaj-196	65	32	-	-	SYM
emaj-196	65	33	2015	2015	NUM
emaj-196	65	34	and	and	CCONJ
emaj-196	65	35	a	a	DET
emaj-196	65	36	fixed	fix	VERB
emaj-196	65	37	effect	effect	NOUN
emaj-196	65	38	analysis	analysis	NOUN
emaj-196	65	39	was	be	AUX
emaj-196	65	40	employed	employ	VERB
emaj-196	65	41	.	.	PUNCT
emaj-196	66	1	the	the	DET
emaj-196	66	2	result	result	NOUN
emaj-196	66	3	from	from	ADP
emaj-196	66	4	the	the	DET
emaj-196	66	5	analysis	analysis	NOUN
emaj-196	66	6	indicated	indicate	VERB
emaj-196	66	7	that	that	SCONJ
emaj-196	66	8	,	,	PUNCT
emaj-196	66	9	the	the	DET
emaj-196	66	10	payment	payment	NOUN
emaj-196	66	11	of	of	ADP
emaj-196	66	12	dividend	dividend	NOUN
emaj-196	66	13	has	have	VERB
emaj-196	66	14	a	a	DET
emaj-196	66	15	significant	significant	ADJ
emaj-196	66	16	and	and	CCONJ
emaj-196	66	17	positive	positive	ADJ
emaj-196	66	18	association	association	NOUN
emaj-196	66	19	with	with	ADP
emaj-196	66	20	companies	company	NOUN
emaj-196	66	21	’	'	PUNCT
emaj-196	66	22	value	value	NOUN
emaj-196	66	23	.	.	PUNCT
emaj-196	67	1	thus	thus	ADV
emaj-196	67	2	,	,	PUNCT
emaj-196	67	3	the	the	DET
emaj-196	67	4	outcomes	outcome	NOUN
emaj-196	67	5	of	of	ADP
emaj-196	67	6	this	this	DET
emaj-196	67	7	study	study	NOUN
emaj-196	67	8	upheld	uphold	VERB
emaj-196	67	9	the	the	DET
emaj-196	67	10	agency	agency	NOUN
emaj-196	67	11	cost	cost	NOUN
emaj-196	67	12	theory	theory	NOUN
emaj-196	67	13	inferred	infer	VERB
emaj-196	67	14	that	that	SCONJ
emaj-196	67	15	,	,	PUNCT
emaj-196	67	16	the	the	DET
emaj-196	67	17	irrelevance	irrelevance	NOUN
emaj-196	67	18	hypothesis	hypothesis	NOUN
emaj-196	67	19	of	of	ADP
emaj-196	67	20	dividends	dividend	NOUN
emaj-196	67	21	is	be	AUX
emaj-196	67	22	not	not	PART
emaj-196	67	23	valid	valid	ADJ
emaj-196	67	24	considering	consider	VERB
emaj-196	67	25	the	the	DET
emaj-196	67	26	companies	company	NOUN
emaj-196	67	27	quoted	quote	VERB
emaj-196	67	28	on	on	ADP
emaj-196	67	29	the	the	DET
emaj-196	67	30	ise	ise	PROPN
emaj-196	67	31	.	.	PUNCT
emaj-196	68	1	ahmed	ahmed	PROPN
emaj-196	68	2	et	et	PROPN
emaj-196	68	3	al	al	PROPN
emaj-196	68	4	.	.	PROPN
emaj-196	69	1	(	(	PUNCT
emaj-196	69	2	2017	2017	NUM
emaj-196	69	3	)	)	PUNCT
emaj-196	69	4	conducted	conduct	VERB
emaj-196	69	5	a	a	DET
emaj-196	69	6	study	study	NOUN
emaj-196	69	7	on	on	ADP
emaj-196	69	8	the	the	DET
emaj-196	69	9	association	association	NOUN
emaj-196	69	10	of	of	ADP
emaj-196	69	11	dividend	dividend	NOUN
emaj-196	69	12	policy	policy	NOUN
emaj-196	69	13	with	with	ADP
emaj-196	69	14	the	the	DET
emaj-196	69	15	stock	stock	NOUN
emaj-196	69	16	prices	price	NOUN
emaj-196	69	17	belonging	belong	VERB
emaj-196	69	18	to	to	ADP
emaj-196	69	19	a	a	DET
emaj-196	69	20	firm	firm	NOUN
emaj-196	69	21	in	in	ADP
emaj-196	69	22	the	the	DET
emaj-196	69	23	banking	banking	NOUN
emaj-196	69	24	sector	sector	NOUN
emaj-196	69	25	.	.	PUNCT
emaj-196	70	1	the	the	DET
emaj-196	70	2	data	datum	NOUN
emaj-196	70	3	between	between	ADP
emaj-196	70	4	2005	2005	NUM
emaj-196	70	5	and	and	CCONJ
emaj-196	70	6	2014	2014	NUM
emaj-196	70	7	regarding	regard	VERB
emaj-196	70	8	the	the	DET
emaj-196	70	9	financial	financial	ADJ
emaj-196	70	10	structure	structure	NOUN
emaj-196	70	11	as	as	ADV
emaj-196	70	12	well	well	ADV
emaj-196	70	13	as	as	ADP
emaj-196	70	14	the	the	DET
emaj-196	70	15	basic	basic	ADJ
emaj-196	70	16	dividend	dividend	NOUN
emaj-196	70	17	policies	policy	NOUN
emaj-196	70	18	of	of	ADP
emaj-196	70	19	the	the	DET
emaj-196	70	20	firms	firm	NOUN
emaj-196	70	21	investigated	investigate	VERB
emaj-196	70	22	were	be	AUX
emaj-196	70	23	sourced	source	VERB
emaj-196	70	24	from	from	ADP
emaj-196	70	25	the	the	DET
emaj-196	70	26	financial	financial	ADJ
emaj-196	70	27	statement	statement	NOUN
emaj-196	70	28	of	of	ADP
emaj-196	70	29	five	five	NUM
emaj-196	70	30	banks	bank	NOUN
emaj-196	70	31	selected	select	VERB
emaj-196	70	32	and	and	CCONJ
emaj-196	70	33	the	the	DET
emaj-196	70	34	websites	website	NOUN
emaj-196	70	35	of	of	ADP
emaj-196	70	36	state	state	PROPN
emaj-196	70	37	bank	bank	PROPN
emaj-196	70	38	of	of	ADP
emaj-196	70	39	pakistan	pakistan	PROPN
emaj-196	70	40	and	and	CCONJ
emaj-196	70	41	karachi	karachi	PROPN
emaj-196	70	42	stock	stock	PROPN
emaj-196	70	43	exchange	exchange	PROPN
emaj-196	70	44	.	.	PUNCT
emaj-196	71	1	the	the	DET
emaj-196	71	2	outcomes	outcome	NOUN
emaj-196	71	3	indicated	indicate	VERB
emaj-196	71	4	that	that	SCONJ
emaj-196	71	5	,	,	PUNCT
emaj-196	71	6	a	a	DET
emaj-196	71	7	sound	sound	ADJ
emaj-196	71	8	dividend	dividend	NOUN
emaj-196	71	9	policy	policy	NOUN
emaj-196	71	10	plays	play	VERB
emaj-196	71	11	a	a	DET
emaj-196	71	12	significant	significant	ADJ
emaj-196	71	13	function	function	NOUN
emaj-196	71	14	in	in	ADP
emaj-196	71	15	alluring	alluring	ADJ
emaj-196	71	16	potential	potential	ADJ
emaj-196	71	17	investors	investor	NOUN
emaj-196	71	18	as	as	ADV
emaj-196	71	19	well	well	ADV
emaj-196	71	20	as	as	ADP
emaj-196	71	21	making	make	VERB
emaj-196	71	22	a	a	DET
emaj-196	71	23	substantial	substantial	ADJ
emaj-196	71	24	contribution	contribution	NOUN
emaj-196	71	25	towards	towards	ADP
emaj-196	71	26	enhancing	enhance	VERB
emaj-196	71	27	the	the	DET
emaj-196	71	28	financial	financial	ADJ
emaj-196	71	29	structure	structure	NOUN
emaj-196	71	30	of	of	ADP
emaj-196	71	31	companies	company	NOUN
emaj-196	71	32	.	.	PUNCT
emaj-196	72	1	furthermore	furthermore	ADV
emaj-196	72	2	,	,	PUNCT
emaj-196	72	3	it	it	PRON
emaj-196	72	4	was	be	AUX
emaj-196	72	5	revealed	reveal	VERB
emaj-196	72	6	by	by	ADP
emaj-196	72	7	the	the	DET
emaj-196	72	8	findings	finding	NOUN
emaj-196	72	9	that	that	PRON
emaj-196	72	10	dividend	dividend	NOUN
emaj-196	72	11	policies	policy	NOUN
emaj-196	72	12	might	might	AUX
emaj-196	72	13	pose	pose	VERB
emaj-196	72	14	a	a	DET
emaj-196	72	15	significant	significant	ADJ
emaj-196	72	16	and	and	CCONJ
emaj-196	72	17	positive	positive	ADJ
emaj-196	72	18	effect	effect	NOUN
emaj-196	72	19	on	on	ADP
emaj-196	72	20	the	the	DET
emaj-196	72	21	prices	price	NOUN
emaj-196	72	22	of	of	ADP
emaj-196	72	23	stock	stock	NOUN
emaj-196	72	24	if	if	SCONJ
emaj-196	72	25	considered	consider	VERB
emaj-196	72	26	and	and	CCONJ
emaj-196	72	27	executed	execute	VERB
emaj-196	72	28	after	after	ADP
emaj-196	72	29	thorough	thorough	ADJ
emaj-196	72	30	investigation	investigation	NOUN
emaj-196	72	31	of	of	ADP
emaj-196	72	32	financial	financial	ADJ
emaj-196	72	33	structure	structure	NOUN
emaj-196	72	34	as	as	ADV
emaj-196	72	35	well	well	ADV
emaj-196	72	36	as	as	ADP
emaj-196	72	37	the	the	DET
emaj-196	72	38	dividend	dividend	NOUN
emaj-196	72	39	policies	policy	NOUN
emaj-196	72	40	of	of	ADP
emaj-196	72	41	various	various	ADJ
emaj-196	72	42	companies	company	NOUN
emaj-196	72	43	.	.	PUNCT
emaj-196	73	1	iii	iii	X
emaj-196	73	2	.	.	PROPN
emaj-196	73	3	methodology	methodology	PROPN
emaj-196	73	4	secondary	secondary	ADJ
emaj-196	73	5	data	datum	NOUN
emaj-196	73	6	were	be	AUX
emaj-196	73	7	employed	employ	VERB
emaj-196	73	8	in	in	ADP
emaj-196	73	9	this	this	DET
emaj-196	73	10	study	study	NOUN
emaj-196	73	11	and	and	CCONJ
emaj-196	73	12	had	have	AUX
emaj-196	73	13	been	be	AUX
emaj-196	73	14	collected	collect	VERB
emaj-196	73	15	from	from	ADP
emaj-196	73	16	the	the	DET
emaj-196	73	17	financial	financial	ADJ
emaj-196	73	18	statement	statement	NOUN
emaj-196	73	19	and	and	CCONJ
emaj-196	73	20	average	average	ADJ
emaj-196	73	21	share	share	NOUN
emaj-196	73	22	prices	price	NOUN
emaj-196	73	23	per	per	ADP
emaj-196	73	24	year	year	NOUN
emaj-196	73	25	of	of	ADP
emaj-196	73	26	the	the	DET
emaj-196	73	27	chosen	choose	VERB
emaj-196	73	28	manufacturing	manufacturing	NOUN
emaj-196	73	29	companies	company	NOUN
emaj-196	73	30	quoted	quote	VERB
emaj-196	73	31	on	on	ADP
emaj-196	73	32	the	the	DET
emaj-196	73	33	nigerian	nigerian	ADJ
emaj-196	73	34	stock	stock	NOUN
emaj-196	73	35	exchange	exchange	NOUN
emaj-196	73	36	spanning	span	VERB
emaj-196	73	37	from	from	ADP
emaj-196	73	38	2004	2004	NUM
emaj-196	73	39	-	-	SYM
emaj-196	73	40	2018	2018	NUM
emaj-196	73	41	.	.	PUNCT
emaj-196	74	1	the	the	DET
emaj-196	74	2	study	study	NOUN
emaj-196	74	3	covers	cover	VERB
emaj-196	74	4	manufacturing	manufacturing	NOUN
emaj-196	74	5	companies	company	NOUN
emaj-196	74	6	that	that	PRON
emaj-196	74	7	specialize	specialize	VERB
emaj-196	74	8	in	in	ADP
emaj-196	74	9	consumer	consumer	NOUN
emaj-196	74	10	goods	good	NOUN
emaj-196	74	11	,	,	PUNCT
emaj-196	74	12	industrial	industrial	ADJ
emaj-196	74	13	goods	good	NOUN
emaj-196	74	14	,	,	PUNCT
emaj-196	74	15	technological	technological	ADJ
emaj-196	74	16	development	development	NOUN
emaj-196	74	17	,	,	PUNCT
emaj-196	74	18	oil	oil	NOUN
emaj-196	74	19	and	and	CCONJ
emaj-196	74	20	gas	gas	NOUN
emaj-196	74	21	,	,	PUNCT
emaj-196	74	22	health	health	NOUN
emaj-196	74	23	care	care	NOUN
emaj-196	74	24	and	and	CCONJ
emaj-196	74	25	basic	basic	ADJ
emaj-196	74	26	materials	material	NOUN
emaj-196	74	27	.	.	PUNCT
emaj-196	75	1	panel	panel	NOUN
emaj-196	75	2	ordinary	ordinary	ADJ
emaj-196	75	3	least	least	ADJ
emaj-196	75	4	square	square	ADJ
emaj-196	75	5	technique	technique	NOUN
emaj-196	75	6	was	be	AUX
emaj-196	75	7	adopted	adopt	VERB
emaj-196	75	8	for	for	ADP
emaj-196	75	9	analyzing	analyze	VERB
emaj-196	75	10	the	the	DET
emaj-196	75	11	panel	panel	NOUN
emaj-196	75	12	data	datum	NOUN
emaj-196	75	13	in	in	ADP
emaj-196	75	14	order	order	NOUN
emaj-196	75	15	to	to	PART
emaj-196	75	16	assess	assess	VERB
emaj-196	75	17	the	the	DET
emaj-196	75	18	influence	influence	NOUN
emaj-196	75	19	and	and	CCONJ
emaj-196	75	20	the	the	DET
emaj-196	75	21	association	association	NOUN
emaj-196	75	22	between	between	ADP
emaj-196	75	23	the	the	DET
emaj-196	75	24	variables	variable	NOUN
emaj-196	75	25	observed	observe	VERB
emaj-196	75	26	in	in	ADP
emaj-196	75	27	this	this	DET
emaj-196	75	28	research	research	NOUN
emaj-196	75	29	.	.	PUNCT
emaj-196	76	1	on	on	ADP
emaj-196	76	2	the	the	DET
emaj-196	76	3	basis	basis	NOUN
emaj-196	76	4	of	of	ADP
emaj-196	76	5	this	this	DET
emaj-196	76	6	literature	literature	NOUN
emaj-196	76	7	,	,	PUNCT
emaj-196	76	8	the	the	DET
emaj-196	76	9	model	model	NOUN
emaj-196	76	10	was	be	AUX
emaj-196	76	11	formulated	formulate	VERB
emaj-196	76	12	as	as	SCONJ
emaj-196	76	13	follows	follow	VERB
emaj-196	76	14	:	:	PUNCT
emaj-196	76	15	sp	sp	ADP
emaj-196	76	16	=	=	NOUN
emaj-196	76	17	f	f	X
emaj-196	76	18	(	(	PUNCT
emaj-196	76	19	dps	dps	PROPN
emaj-196	76	20	,	,	PUNCT
emaj-196	76	21	eps	eps	PROPN
emaj-196	76	22	,	,	PUNCT
emaj-196	76	23	dy	dy	NOUN
emaj-196	76	24	,	,	PUNCT
emaj-196	76	25	cr)	cr)	X
emaj-196	76	26	…	…	PUNCT
emaj-196	76	27	…	…	SYM
emaj-196	76	28	…	…	PUNCT
emaj-196	76	29	…	…	PUNCT
emaj-196	76	30	…	…	PUNCT
emaj-196	76	31	…	…	PUNCT
emaj-196	76	32	…	…	PUNCT
emaj-196	76	33	…	…	PUNCT
emaj-196	76	34	…	…	PUNCT
emaj-196	76	35	…	…	PUNCT
emaj-196	76	36	…	…	PUNCT
emaj-196	76	37	…	…	PUNCT
emaj-196	76	38	…	…	PUNCT
emaj-196	76	39	…	…	PUNCT
emaj-196	76	40	…	…	PUNCT
emaj-196	76	41	…	…	SYM
emaj-196	76	42	.	.	PUNCT
emaj-196	77	1	…	…	PUNCT
emaj-196	77	2	eq	eq	NOUN
emaj-196	77	3	.	.	NOUN
emaj-196	77	4	1	1	NUM
emaj-196	78	1	where	where	SCONJ
emaj-196	78	2	:	:	PUNCT
emaj-196	78	3	sp	sp	ADP
emaj-196	78	4	-share	-share	NOUN
emaj-196	78	5	price	price	NOUN
emaj-196	78	6	;	;	PUNCT
emaj-196	78	7	dps	dps	NOUN
emaj-196	78	8	dividend	dividend	NOUN
emaj-196	78	9	per	per	ADP
emaj-196	78	10	share	share	NOUN
emaj-196	78	11	;	;	PUNCT
emaj-196	78	12	eps	eps	X
emaj-196	78	13	earnings	earning	NOUN
emaj-196	78	14	per	per	ADP
emaj-196	78	15	share	share	NOUN
emaj-196	78	16	;	;	PUNCT
emaj-196	78	17	dy	dy	NOUN
emaj-196	78	18	dividend	dividend	NOUN
emaj-196	78	19	yield	yield	NOUN
emaj-196	78	20	;	;	PUNCT
emaj-196	78	21	cr	cr	NUM
emaj-196	78	22	credit	credit	NOUN
emaj-196	78	23	risk	risk	NOUN
emaj-196	78	24	;	;	PUNCT
emaj-196	78	25	b0	b0	NOUN
emaj-196	78	26	=	=	SYM
emaj-196	78	27	slope	slope	NOUN
emaj-196	78	28	of	of	ADP
emaj-196	78	29	the	the	DET
emaj-196	78	30	regression	regression	NOUN
emaj-196	78	31	;	;	PUNCT
emaj-196	78	32	b1,2,3	b1,2,3	ADJ
emaj-196	78	33	coefficient	coefficient	NOUN
emaj-196	78	34	of	of	ADP
emaj-196	78	35	the	the	DET
emaj-196	78	36	variables	variable	NOUN
emaj-196	78	37	u	u	NOUN
emaj-196	78	38	=	=	NOUN
emaj-196	78	39	error	error	NOUN
emaj-196	78	40	term	term	NOUN
emaj-196	78	41	model	model	NOUN
emaj-196	78	42	specification	specification	NOUN
emaj-196	78	43	in	in	ADP
emaj-196	78	44	linear	linear	PROPN
emaj-196	78	45	form	form	NOUN
emaj-196	78	46	iv	iv	NUM
emaj-196	78	47	.	.	PUNCT
emaj-196	78	48	data	datum	NOUN
emaj-196	78	49	analysis	analysis	NOUN
emaj-196	78	50	regression	regression	NOUN
emaj-196	78	51	analysis	analysis	NOUN
emaj-196	78	52	for	for	ADP
emaj-196	78	53	high	high	ADJ
emaj-196	78	54	geared	gear	VERB
emaj-196	78	55	manufacturing	manufacturing	NOUN
emaj-196	78	56	firms	firm	NOUN
emaj-196	78	57	investigate	investigate	VERB
emaj-196	78	58	the	the	DET
emaj-196	78	59	influence	influence	NOUN
emaj-196	78	60	of	of	ADP
emaj-196	78	61	dividend	dividend	NOUN
emaj-196	78	62	per	per	ADP
emaj-196	78	63	share	share	NOUN
emaj-196	78	64	on	on	ADP
emaj-196	78	65	the	the	DET
emaj-196	78	66	price	price	NOUN
emaj-196	78	67	of	of	ADP
emaj-196	78	68	share	share	NOUN
emaj-196	78	69	of	of	ADP
emaj-196	78	70	high	high	ADJ
emaj-196	78	71	geared	gear	VERB
emaj-196	78	72	manufacturing	manufacturing	NOUN
emaj-196	78	73	firms	firm	NOUN
emaj-196	78	74	in	in	ADP
emaj-196	78	75	nigeria	nigeria	PROPN
emaj-196	78	76	.	.	PUNCT
emaj-196	79	1	spt	spt	PROPN
emaj-196	79	2	=	=	SYM
emaj-196	79	3	β0	β0	PROPN
emaj-196	79	4	+	+	CCONJ
emaj-196	79	5	β1dps+	β1dps+	PRON
emaj-196	79	6	µ	µ	NOUN
emaj-196	79	7	……	……	NOUN
emaj-196	79	8	……	……	NOUN
emaj-196	79	9	……	……	NOUN
emaj-196	79	10	……	……	NOUN
emaj-196	79	11	……	……	NOUN
emaj-196	79	12	……	……	NOUN
emaj-196	79	13	……	……	NOUN
emaj-196	79	14	……	……	NOUN
emaj-196	79	15	……	……	NOUN
emaj-196	79	16	……	……	NOUN
emaj-196	79	17	……	……	NOUN
emaj-196	79	18	…	…	PUNCT
emaj-196	79	19	…	…	PUNCT
emaj-196	79	20	eq.3	eq.3	NOUN
emaj-196	79	21	volume	volume	NOUN
emaj-196	79	22	10	10	NUM
emaj-196	79	23	no	no	DET
emaj-196	79	24	2	2	NUM
emaj-196	79	25	(	(	PUNCT
emaj-196	79	26	2020	2020	NUM
emaj-196	79	27	)	)	PUNCT
emaj-196	79	28	|	|	ADV
emaj-196	79	29	issn	issn	VERB
emaj-196	79	30	2158	2158	NUM
emaj-196	79	31	-	-	SYM
emaj-196	79	32	8708	8708	NUM
emaj-196	79	33	(	(	PUNCT
emaj-196	79	34	online	online	NOUN
emaj-196	79	35	)	)	PUNCT
emaj-196	79	36	|	|	ADV
emaj-196	79	37	doi	doi	X
emaj-196	79	38	10.5195	10.5195	NUM
emaj-196	79	39	/	/	SYM
emaj-196	79	40	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	79	41	|	|	ADV
emaj-196	79	42	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	79	43	the	the	DET
emaj-196	79	44	influence	influence	NOUN
emaj-196	79	45	of	of	ADP
emaj-196	79	46	dividend	dividend	NOUN
emaj-196	79	47	payments	payment	NOUN
emaj-196	79	48	on	on	ADP
emaj-196	79	49	share	share	NOUN
emaj-196	79	50	price	price	NOUN
emaj-196	79	51	in	in	ADP
emaj-196	79	52	manufacturing	manufacturing	NOUN
emaj-196	79	53	firms	firm	NOUN
emaj-196	79	54	quoted	quote	VERB
emaj-196	79	55	on	on	ADP
emaj-196	79	56	the	the	DET
emaj-196	79	57	nigerian	nigerian	ADJ
emaj-196	79	58	stock	stock	NOUN
emaj-196	79	59	exchange	exchange	PROPN
emaj-196	79	60	page	page	NOUN
emaj-196	79	61	|66|	|66|	NOUN
emaj-196	79	62	emerging	emerge	VERB
emaj-196	79	63	markets	market	NOUN
emaj-196	79	64	journal	journal	NOUN
emaj-196	79	65	table	table	NOUN
emaj-196	79	66	1	1	NUM
emaj-196	79	67	:	:	PUNCT
emaj-196	79	68	regression	regression	NOUN
emaj-196	79	69	result	result	NOUN
emaj-196	79	70	of	of	ADP
emaj-196	79	71	high	high	ADJ
emaj-196	79	72	geared	gear	VERB
emaj-196	79	73	manufacturing	manufacturing	NOUN
emaj-196	79	74	firms	firm	NOUN
emaj-196	79	75	source	source	NOUN
emaj-196	79	76	:	:	PUNCT
emaj-196	79	77	eview7	eview7	NOUN
emaj-196	79	78	,	,	PUNCT
emaj-196	79	79	2019	2019	NUM
emaj-196	79	80	analysis	analysis	NOUN
emaj-196	79	81	for	for	ADP
emaj-196	79	82	low	low	ADJ
emaj-196	79	83	geared	geared	ADJ
emaj-196	79	84	manufacturing	manufacturing	NOUN
emaj-196	79	85	firms	firm	NOUN
emaj-196	79	86	restatement	restatement	VERB
emaj-196	79	87	of	of	ADP
emaj-196	79	88	objective	objective	ADJ
emaj-196	79	89	one	one	NUM
emaj-196	79	90	assess	assess	VERB
emaj-196	79	91	the	the	DET
emaj-196	79	92	influence	influence	NOUN
emaj-196	79	93	of	of	ADP
emaj-196	79	94	dividend	dividend	NOUN
emaj-196	79	95	per	per	ADP
emaj-196	79	96	share	share	NOUN
emaj-196	79	97	on	on	ADP
emaj-196	79	98	the	the	DET
emaj-196	79	99	price	price	NOUN
emaj-196	79	100	of	of	ADP
emaj-196	79	101	share	share	NOUN
emaj-196	79	102	of	of	ADP
emaj-196	79	103	quoted	quote	VERB
emaj-196	79	104	low	low	ADJ
emaj-196	79	105	geared	gear	VERB
emaj-196	79	106	manufacturing	manufacturing	NOUN
emaj-196	79	107	firms	firm	NOUN
emaj-196	79	108	in	in	ADP
emaj-196	79	109	nigeria	nigeria	PROPN
emaj-196	79	110	.	.	PUNCT
emaj-196	80	1	spt	spt	PROPN
emaj-196	80	2	=	=	SYM
emaj-196	80	3	β0	β0	PROPN
emaj-196	81	1	+	+	CCONJ
emaj-196	81	2	β1dps+	β1dps+	PRON
emaj-196	81	3	µ	µ	NUM
emaj-196	81	4	…	…	PUNCT
emaj-196	81	5	…	…	SYM
emaj-196	81	6	…	…	PUNCT
emaj-196	81	7	…	…	PUNCT
emaj-196	81	8	…	…	PUNCT
emaj-196	81	9	…	…	PUNCT
emaj-196	81	10	…	…	PUNCT
emaj-196	81	11	…	…	PUNCT
emaj-196	81	12	…	…	PUNCT
emaj-196	81	13	…	…	PUNCT
emaj-196	81	14	…	…	PUNCT
emaj-196	81	15	…	…	PUNCT
emaj-196	81	16	…	…	PUNCT
emaj-196	81	17	…	…	PUNCT
emaj-196	81	18	…	…	PUNCT
emaj-196	81	19	…	…	PUNCT
emaj-196	81	20	…	…	PUNCT
emaj-196	81	21	…	…	PUNCT
emaj-196	81	22	…	…	PUNCT
emaj-196	81	23	eq.4	eq.4	PROPN
emaj-196	81	24	table	table	NOUN
emaj-196	81	25	2	2	NUM
emaj-196	81	26	:	:	PUNCT
emaj-196	81	27	regression	regression	NOUN
emaj-196	81	28	outcome	outcome	NOUN
emaj-196	81	29	source	source	NOUN
emaj-196	81	30	:	:	PUNCT
emaj-196	81	31	eview7	eview7	NOUN
emaj-196	81	32	,	,	PUNCT
emaj-196	81	33	2019	2019	NUM
emaj-196	81	34	analysis	analysis	NOUN
emaj-196	81	35	for	for	ADP
emaj-196	81	36	dividend	dividend	NOUN
emaj-196	81	37	paying	pay	VERB
emaj-196	81	38	manufacturing	manufacturing	NOUN
emaj-196	81	39	firms	firm	NOUN
emaj-196	81	40	restatement	restatement	NOUN
emaj-196	81	41	of	of	ADP
emaj-196	81	42	objective	objective	ADJ
emaj-196	81	43	two	two	NUM
emaj-196	81	44	understand	understand	VERB
emaj-196	81	45	the	the	DET
emaj-196	81	46	impact	impact	NOUN
emaj-196	81	47	of	of	ADP
emaj-196	81	48	earnings	earning	NOUN
emaj-196	81	49	per	per	ADP
emaj-196	81	50	share	share	NOUN
emaj-196	81	51	on	on	ADP
emaj-196	81	52	the	the	DET
emaj-196	81	53	price	price	NOUN
emaj-196	81	54	of	of	ADP
emaj-196	81	55	share	share	NOUN
emaj-196	81	56	of	of	ADP
emaj-196	81	57	quoted	quote	VERB
emaj-196	81	58	dividend	dividend	NOUN
emaj-196	81	59	paying	pay	VERB
emaj-196	81	60	manufacturing	manufacturing	NOUN
emaj-196	81	61	firms	firm	NOUN
emaj-196	81	62	in	in	ADP
emaj-196	81	63	nigeria	nigeria	PROPN
emaj-196	81	64	.	.	PUNCT
emaj-196	82	1	spt	spt	PROPN
emaj-196	82	2	=	=	SYM
emaj-196	82	3	β0	β0	PROPN
emaj-196	83	1	+	+	CCONJ
emaj-196	83	2	β1eps	β1eps	NUM
emaj-196	83	3	+	+	X
emaj-196	83	4	µ	µ	NUM
emaj-196	83	5	…	…	SYM
emaj-196	83	6	…	…	PUNCT
emaj-196	83	7	…	…	PUNCT
emaj-196	83	8	…	…	PUNCT
emaj-196	83	9	…	…	PUNCT
emaj-196	83	10	…	…	PUNCT
emaj-196	83	11	…	…	PUNCT
emaj-196	83	12	…	…	PUNCT
emaj-196	83	13	…	…	PUNCT
emaj-196	83	14	…	…	PUNCT
emaj-196	83	15	…	…	PUNCT
emaj-196	83	16	…	…	PUNCT
emaj-196	83	17	…	…	PUNCT
emaj-196	83	18	…	…	PUNCT
emaj-196	83	19	…	…	PUNCT
emaj-196	83	20	…	…	PUNCT
emaj-196	83	21	…	…	PUNCT
emaj-196	83	22	…	…	SYM
emaj-196	83	23	…	…	SYM
emaj-196	83	24	eq.5	eq.5	PROPN
emaj-196	83	25	table	table	NOUN
emaj-196	83	26	3	3	NUM
emaj-196	83	27	:	:	PUNCT
emaj-196	83	28	regression	regression	NOUN
emaj-196	83	29	outcome	outcome	NOUN
emaj-196	83	30	for	for	ADP
emaj-196	83	31	dividend	dividend	NOUN
emaj-196	83	32	paying	pay	VERB
emaj-196	83	33	firms	firm	NOUN
emaj-196	83	34	analysis	analysis	NOUN
emaj-196	83	35	for	for	ADP
emaj-196	83	36	non	non	ADJ
emaj-196	83	37	-	-	ADJ
emaj-196	83	38	dividend	dividend	ADJ
emaj-196	83	39	paying	pay	VERB
emaj-196	83	40	manufacturing	manufacturing	NOUN
emaj-196	83	41	firms	firm	NOUN
emaj-196	83	42	restatement	restatement	NOUN
emaj-196	83	43	of	of	ADP
emaj-196	83	44	objective	objective	ADJ
emaj-196	83	45	two	two	NUM
emaj-196	83	46	understand	understand	VERB
emaj-196	83	47	the	the	DET
emaj-196	83	48	impact	impact	NOUN
emaj-196	83	49	of	of	ADP
emaj-196	83	50	earnings	earning	NOUN
emaj-196	83	51	per	per	ADP
emaj-196	83	52	share	share	NOUN
emaj-196	83	53	on	on	ADP
emaj-196	83	54	the	the	DET
emaj-196	83	55	price	price	NOUN
emaj-196	83	56	of	of	ADP
emaj-196	83	57	share	share	NOUN
emaj-196	83	58	of	of	ADP
emaj-196	83	59	listed	list	VERB
emaj-196	83	60	non	non	ADJ
emaj-196	83	61	-	-	ADJ
emaj-196	83	62	dividend	dividend	ADJ
emaj-196	83	63	paying	pay	VERB
emaj-196	83	64	manufacturing	manufacturing	NOUN
emaj-196	83	65	companies	company	NOUN
emaj-196	83	66	in	in	ADP
emaj-196	83	67	nigeria	nigeria	PROPN
emaj-196	83	68	.	.	PUNCT
emaj-196	84	1	spt	spt	PROPN
emaj-196	84	2	=	=	SYM
emaj-196	84	3	β0	β0	PROPN
emaj-196	85	1	+	+	CCONJ
emaj-196	85	2	β1eps	β1eps	NUM
emaj-196	85	3	+	+	X
emaj-196	85	4	µ	µ	NUM
emaj-196	85	5	…	…	SYM
emaj-196	85	6	…	…	PUNCT
emaj-196	85	7	…	…	PUNCT
emaj-196	85	8	…	…	PUNCT
emaj-196	85	9	…	…	PUNCT
emaj-196	85	10	…	…	PUNCT
emaj-196	85	11	…	…	PUNCT
emaj-196	85	12	…	…	PUNCT
emaj-196	85	13	…	…	PUNCT
emaj-196	85	14	…	…	PUNCT
emaj-196	85	15	…	…	PUNCT
emaj-196	85	16	…	…	PUNCT
emaj-196	85	17	…	…	PUNCT
emaj-196	85	18	…	…	PUNCT
emaj-196	85	19	…	…	PUNCT
emaj-196	85	20	…	…	PUNCT
emaj-196	85	21	…	…	PUNCT
emaj-196	85	22	…	…	SYM
emaj-196	85	23	eq.6	eq.6	NOUN
emaj-196	85	24	table	table	NOUN
emaj-196	85	25	4	4	NUM
emaj-196	85	26	:	:	PUNCT
emaj-196	85	27	regression	regression	NOUN
emaj-196	85	28	outcome	outcome	NOUN
emaj-196	85	29	for	for	ADP
emaj-196	85	30	nondividend	nondividend	NOUN
emaj-196	85	31	paying	pay	VERB
emaj-196	85	32	manufacturing	manufacturing	NOUN
emaj-196	85	33	firms	firm	NOUN
emaj-196	85	34	analysis	analysis	NOUN
emaj-196	85	35	for	for	ADP
emaj-196	85	36	old	old	ADJ
emaj-196	85	37	manufacturing	manufacturing	NOUN
emaj-196	85	38	firms	firm	NOUN
emaj-196	85	39	the	the	DET
emaj-196	85	40	firms	firm	NOUN
emaj-196	85	41	presented	present	VERB
emaj-196	85	42	in	in	ADP
emaj-196	85	43	the	the	DET
emaj-196	85	44	data	data	NOUN
emaj-196	85	45	presentation	presentation	NOUN
emaj-196	85	46	were	be	AUX
emaj-196	85	47	regrouped	regroup	VERB
emaj-196	85	48	into	into	ADP
emaj-196	85	49	old	old	ADJ
emaj-196	85	50	and	and	CCONJ
emaj-196	85	51	new	new	ADJ
emaj-196	85	52	manufacturing	manufacturing	NOUN
emaj-196	85	53	firms	firm	NOUN
emaj-196	85	54	based	base	VERB
emaj-196	85	55	on	on	ADP
emaj-196	85	56	their	their	PRON
emaj-196	85	57	year	year	NOUN
emaj-196	85	58	of	of	ADP
emaj-196	85	59	operation	operation	NOUN
emaj-196	85	60	as	as	ADP
emaj-196	85	61	manufacturing	manufacturing	NOUN
emaj-196	85	62	firms	firm	NOUN
emaj-196	85	63	in	in	ADP
emaj-196	85	64	nigeria	nigeria	PROPN
emaj-196	85	65	.	.	PUNCT
emaj-196	86	1	restatement	restatement	NOUN
emaj-196	86	2	of	of	ADP
emaj-196	86	3	objective	objective	ADJ
emaj-196	86	4	three	three	NUM
emaj-196	86	5	find	find	VERB
emaj-196	86	6	out	out	ADP
emaj-196	86	7	the	the	DET
emaj-196	86	8	influence	influence	NOUN
emaj-196	86	9	of	of	ADP
emaj-196	86	10	dividend	dividend	NOUN
emaj-196	86	11	yield	yield	NOUN
emaj-196	86	12	on	on	ADP
emaj-196	86	13	the	the	DET
emaj-196	86	14	price	price	NOUN
emaj-196	86	15	of	of	ADP
emaj-196	86	16	share	share	NOUN
emaj-196	86	17	of	of	ADP
emaj-196	86	18	quoted	quote	VERB
emaj-196	86	19	old	old	ADJ
emaj-196	86	20	manufacturing	manufacturing	NOUN
emaj-196	86	21	firms	firm	NOUN
emaj-196	86	22	in	in	ADP
emaj-196	86	23	nigeria	nigeria	PROPN
emaj-196	86	24	.	.	PUNCT
emaj-196	87	1	volume	volume	NOUN
emaj-196	87	2	10	10	NUM
emaj-196	87	3	no	no	DET
emaj-196	87	4	2	2	NUM
emaj-196	87	5	(	(	PUNCT
emaj-196	87	6	2020	2020	NUM
emaj-196	87	7	)	)	PUNCT
emaj-196	88	1	|	|	ADV
emaj-196	88	2	issn	issn	VERB
emaj-196	88	3	2158	2158	NUM
emaj-196	88	4	-	-	SYM
emaj-196	88	5	8708	8708	NUM
emaj-196	88	6	(	(	PUNCT
emaj-196	88	7	online	online	NOUN
emaj-196	88	8	)	)	PUNCT
emaj-196	88	9	|	|	ADV
emaj-196	88	10	doi	doi	X
emaj-196	88	11	10.5195	10.5195	NUM
emaj-196	88	12	/	/	SYM
emaj-196	88	13	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	88	14	|	|	ADV
emaj-196	88	15	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	88	16	samson	samson	PROPN
emaj-196	88	17	ogege	ogege	NOUN
emaj-196	88	18	emerging	emerge	VERB
emaj-196	88	19	markets	market	NOUN
emaj-196	88	20	journal	journal	NOUN
emaj-196	88	21	|	|	ADV
emaj-196	88	22	p	p	NOUN
emaj-196	88	23	a	a	DET
emaj-196	88	24	g	g	NOUN
emaj-196	88	25	e	e	NOUN
emaj-196	88	26	6	6	NUM
emaj-196	88	27	7	7	NUM
emaj-196	88	28	spt	spt	NOUN
emaj-196	88	29	=	=	SYM
emaj-196	88	30	β0	β0	NOUN
emaj-196	89	1	+	+	CCONJ
emaj-196	89	2	β1dy	β1dy	PUNCT
emaj-196	89	3	+	+	CCONJ
emaj-196	89	4	µ	µ	X
emaj-196	89	5	…	…	SYM
emaj-196	89	6	…	…	PUNCT
emaj-196	89	7	…	…	PUNCT
emaj-196	89	8	…	…	PUNCT
emaj-196	89	9	…	…	PUNCT
emaj-196	89	10	…	…	PUNCT
emaj-196	89	11	…	…	PUNCT
emaj-196	89	12	…	…	PUNCT
emaj-196	89	13	…	…	PUNCT
emaj-196	89	14	…	…	PUNCT
emaj-196	89	15	…	…	PUNCT
emaj-196	89	16	…	…	PUNCT
emaj-196	89	17	…	…	PUNCT
emaj-196	89	18	…	…	PUNCT
emaj-196	89	19	…	…	PUNCT
emaj-196	89	20	…	…	SYM
emaj-196	89	21	…	…	PUNCT
emaj-196	89	22	.eq.7	.eq.7	PROPN
emaj-196	89	23	table	table	NOUN
emaj-196	89	24	5	5	NUM
emaj-196	89	25	:	:	PUNCT
emaj-196	89	26	regression	regression	NOUN
emaj-196	89	27	outcome	outcome	NOUN
emaj-196	89	28	for	for	ADP
emaj-196	89	29	old	old	ADJ
emaj-196	89	30	manufacturing	manufacturing	NOUN
emaj-196	89	31	firms	firm	NOUN
emaj-196	89	32	source	source	NOUN
emaj-196	89	33	:	:	PUNCT
emaj-196	89	34	eview7	eview7	NOUN
emaj-196	89	35	,	,	PUNCT
emaj-196	89	36	2019	2019	NUM
emaj-196	89	37	analysis	analysis	NOUN
emaj-196	89	38	for	for	ADP
emaj-196	89	39	new	new	ADJ
emaj-196	89	40	manufacturing	manufacturing	NOUN
emaj-196	89	41	firms	firm	NOUN
emaj-196	89	42	restatement	restatement	VERB
emaj-196	89	43	of	of	ADP
emaj-196	89	44	objective	objective	ADJ
emaj-196	89	45	three	three	NUM
emaj-196	89	46	find	find	VERB
emaj-196	89	47	out	out	ADP
emaj-196	89	48	how	how	SCONJ
emaj-196	89	49	dividend	dividend	NOUN
emaj-196	89	50	yield	yield	NOUN
emaj-196	89	51	influences	influence	VERB
emaj-196	89	52	the	the	DET
emaj-196	89	53	share	share	NOUN
emaj-196	89	54	price	price	NOUN
emaj-196	89	55	of	of	ADP
emaj-196	89	56	quoted	quote	VERB
emaj-196	89	57	new	new	ADJ
emaj-196	89	58	manufacturing	manufacturing	NOUN
emaj-196	89	59	firms	firm	NOUN
emaj-196	89	60	in	in	ADP
emaj-196	89	61	nigeria	nigeria	PROPN
emaj-196	89	62	.	.	PUNCT
emaj-196	90	1	spt	spt	PROPN
emaj-196	90	2	=	=	SYM
emaj-196	90	3	β0	β0	PROPN
emaj-196	91	1	+	+	CCONJ
emaj-196	91	2	β1dy	β1dy	PUNCT
emaj-196	91	3	+	+	CCONJ
emaj-196	91	4	µ	µ	X
emaj-196	91	5	…	…	PUNCT
emaj-196	91	6	……	……	NOUN
emaj-196	91	7	……	……	NOUN
emaj-196	91	8	……	……	NOUN
emaj-196	91	9	……	……	NOUN
emaj-196	91	10	……	……	NOUN
emaj-196	91	11	……	……	NOUN
emaj-196	91	12	……	……	NOUN
emaj-196	91	13	……	……	NOUN
emaj-196	91	14	eq.8	eq.8	NOUN
emaj-196	91	15	table	table	NOUN
emaj-196	91	16	6	6	NUM
emaj-196	91	17	:	:	PUNCT
emaj-196	91	18	regression	regression	NOUN
emaj-196	91	19	outcome	outcome	NOUN
emaj-196	91	20	for	for	ADP
emaj-196	91	21	new	new	ADJ
emaj-196	91	22	manufacturing	manufacturing	NOUN
emaj-196	91	23	firms	firm	NOUN
emaj-196	91	24	source	source	NOUN
emaj-196	91	25	:	:	PUNCT
emaj-196	91	26	eview7	eview7	NOUN
emaj-196	91	27	,	,	PUNCT
emaj-196	91	28	2019	2019	NUM
emaj-196	91	29	analysis	analysis	NOUN
emaj-196	91	30	for	for	ADP
emaj-196	91	31	big	big	ADJ
emaj-196	91	32	manufacturing	manufacturing	NOUN
emaj-196	91	33	firms	firm	NOUN
emaj-196	91	34	restatement	restatement	VERB
emaj-196	91	35	of	of	ADP
emaj-196	91	36	objective	objective	ADJ
emaj-196	91	37	four	four	NUM
emaj-196	91	38	assess	assess	NOUN
emaj-196	91	39	how	how	SCONJ
emaj-196	91	40	credit	credit	NOUN
emaj-196	91	41	risk	risk	NOUN
emaj-196	91	42	influences	influence	VERB
emaj-196	91	43	the	the	DET
emaj-196	91	44	share	share	NOUN
emaj-196	91	45	price	price	NOUN
emaj-196	91	46	of	of	ADP
emaj-196	91	47	quoted	quote	VERB
emaj-196	91	48	big	big	ADJ
emaj-196	91	49	and	and	CCONJ
emaj-196	91	50	small	small	ADJ
emaj-196	91	51	manufacturing	manufacturing	NOUN
emaj-196	91	52	firms	firm	NOUN
emaj-196	91	53	in	in	ADP
emaj-196	91	54	nigeria	nigeria	PROPN
emaj-196	91	55	.	.	PUNCT
emaj-196	92	1	spt	spt	PROPN
emaj-196	92	2	=	=	SYM
emaj-196	92	3	β0	β0	PROPN
emaj-196	93	1	+	+	CCONJ
emaj-196	93	2	β1cr	β1cr	PUNCT
emaj-196	93	3	+	+	CCONJ
emaj-196	93	4	µ	µ	X
emaj-196	93	5	…	…	SYM
emaj-196	93	6	…	…	PUNCT
emaj-196	93	7	…	…	PUNCT
emaj-196	93	8	…	…	PUNCT
emaj-196	93	9	…	…	PUNCT
emaj-196	93	10	…	…	PUNCT
emaj-196	93	11	…	…	PUNCT
emaj-196	93	12	…	…	PUNCT
emaj-196	93	13	…	…	PUNCT
emaj-196	93	14	…	…	PUNCT
emaj-196	93	15	…	…	PUNCT
emaj-196	93	16	…	…	PUNCT
emaj-196	93	17	…	…	PUNCT
emaj-196	93	18	…	…	PUNCT
emaj-196	93	19	…	…	PUNCT
emaj-196	93	20	…	…	PUNCT
emaj-196	93	21	…	…	PUNCT
emaj-196	93	22	…	…	SYM
emaj-196	93	23	eq.9	eq.9	PROPN
emaj-196	93	24	table	table	NOUN
emaj-196	93	25	7	7	NUM
emaj-196	93	26	:	:	PUNCT
emaj-196	93	27	regression	regression	NOUN
emaj-196	93	28	outcome	outcome	NOUN
emaj-196	93	29	for	for	ADP
emaj-196	93	30	big	big	ADJ
emaj-196	93	31	manufacturing	manufacturing	NOUN
emaj-196	93	32	firms	firm	NOUN
emaj-196	93	33	source	source	NOUN
emaj-196	93	34	:	:	PUNCT
emaj-196	93	35	eview7	eview7	NOUN
emaj-196	93	36	,	,	PUNCT
emaj-196	93	37	2019	2019	NUM
emaj-196	93	38	analysis	analysis	NOUN
emaj-196	93	39	for	for	ADP
emaj-196	93	40	small	small	ADJ
emaj-196	93	41	manufacturing	manufacturing	NOUN
emaj-196	93	42	firms	firm	NOUN
emaj-196	93	43	restatement	restatement	VERB
emaj-196	93	44	of	of	ADP
emaj-196	93	45	objective	objective	ADJ
emaj-196	93	46	four	four	NUM
emaj-196	93	47	assess	assess	NOUN
emaj-196	93	48	how	how	SCONJ
emaj-196	93	49	credit	credit	NOUN
emaj-196	93	50	risk	risk	NOUN
emaj-196	93	51	affects	affect	VERB
emaj-196	93	52	the	the	DET
emaj-196	93	53	share	share	NOUN
emaj-196	93	54	price	price	NOUN
emaj-196	93	55	of	of	ADP
emaj-196	93	56	quoted	quote	VERB
emaj-196	93	57	small	small	ADJ
emaj-196	93	58	manufacturing	manufacturing	NOUN
emaj-196	93	59	firms	firm	NOUN
emaj-196	93	60	in	in	ADP
emaj-196	93	61	nigeria	nigeria	PROPN
emaj-196	93	62	.	.	PUNCT
emaj-196	94	1	spt	spt	PROPN
emaj-196	94	2	=	=	SYM
emaj-196	94	3	β0	β0	PROPN
emaj-196	95	1	+	+	CCONJ
emaj-196	95	2	β1cr	β1cr	PUNCT
emaj-196	95	3	+	+	CCONJ
emaj-196	95	4	µ	µ	X
emaj-196	95	5	…	…	SYM
emaj-196	95	6	…	…	PUNCT
emaj-196	95	7	…	…	PUNCT
emaj-196	95	8	…	…	PUNCT
emaj-196	95	9	…	…	PUNCT
emaj-196	95	10	…	…	PUNCT
emaj-196	95	11	…	…	PUNCT
emaj-196	95	12	…	…	PUNCT
emaj-196	95	13	…	…	PUNCT
emaj-196	95	14	…	…	PUNCT
emaj-196	95	15	…	…	PUNCT
emaj-196	95	16	…	…	PUNCT
emaj-196	95	17	…	…	PUNCT
emaj-196	95	18	…	…	PUNCT
emaj-196	95	19	…	…	PUNCT
emaj-196	95	20	…	…	PUNCT
emaj-196	95	21	…	…	PUNCT
emaj-196	95	22	…	…	SYM
emaj-196	95	23	eq	eq	NOUN
emaj-196	95	24	.	.	NOUN
emaj-196	95	25	10	10	NUM
emaj-196	95	26	table	table	NOUN
emaj-196	95	27	8	8	NUM
emaj-196	95	28	:	:	PUNCT
emaj-196	95	29	regression	regression	NOUN
emaj-196	95	30	outcome	outcome	NOUN
emaj-196	95	31	for	for	ADP
emaj-196	95	32	small	small	ADJ
emaj-196	95	33	manufacturing	manufacturing	NOUN
emaj-196	95	34	firms	firm	NOUN
emaj-196	95	35	source	source	NOUN
emaj-196	95	36	:	:	PUNCT
emaj-196	95	37	eview7	eview7	NOUN
emaj-196	95	38	,	,	PUNCT
emaj-196	95	39	2019	2019	NUM
emaj-196	95	40	iv	iv	NOUN
emaj-196	95	41	.	.	PUNCT
emaj-196	95	42	discussion	discussion	NOUN
emaj-196	95	43	of	of	ADP
emaj-196	95	44	findings	finding	NOUN
emaj-196	95	45	this	this	DET
emaj-196	95	46	study	study	NOUN
emaj-196	95	47	appraises	appraise	VERB
emaj-196	95	48	the	the	DET
emaj-196	95	49	influence	influence	NOUN
emaj-196	95	50	of	of	ADP
emaj-196	95	51	dividend	dividend	NOUN
emaj-196	95	52	payment	payment	NOUN
emaj-196	95	53	on	on	ADP
emaj-196	95	54	share	share	NOUN
emaj-196	95	55	prices	price	NOUN
emaj-196	95	56	of	of	ADP
emaj-196	95	57	the	the	DET
emaj-196	95	58	quoted	quote	VERB
emaj-196	95	59	manufacturing	manufacturing	NOUN
emaj-196	95	60	firms	firm	NOUN
emaj-196	95	61	in	in	ADP
emaj-196	95	62	nigeria	nigeria	PROPN
emaj-196	95	63	.	.	PUNCT
emaj-196	96	1	in	in	ADP
emaj-196	96	2	response	response	NOUN
emaj-196	96	3	to	to	ADP
emaj-196	96	4	table	table	NOUN
emaj-196	96	5	1	1	NUM
emaj-196	96	6	,	,	PUNCT
emaj-196	96	7	dividend	dividend	NOUN
emaj-196	96	8	per	per	ADP
emaj-196	96	9	share	share	NOUN
emaj-196	96	10	was	be	AUX
emaj-196	96	11	revealed	reveal	VERB
emaj-196	96	12	to	to	PART
emaj-196	96	13	positively	positively	ADV
emaj-196	96	14	influence	influence	VERB
emaj-196	96	15	share	share	NOUN
emaj-196	96	16	price	price	NOUN
emaj-196	96	17	of	of	ADP
emaj-196	96	18	high	high	ADJ
emaj-196	96	19	geared	gear	VERB
emaj-196	96	20	manufacturing	manufacturing	NOUN
emaj-196	96	21	firms	firm	NOUN
emaj-196	96	22	in	in	ADP
emaj-196	96	23	nigeria	nigeria	PROPN
emaj-196	96	24	.	.	PUNCT
emaj-196	97	1	this	this	PRON
emaj-196	97	2	implies	imply	VERB
emaj-196	97	3	that	that	SCONJ
emaj-196	97	4	,	,	PUNCT
emaj-196	97	5	1	1	NUM
emaj-196	97	6	%	%	NOUN
emaj-196	97	7	rise	rise	NOUN
emaj-196	97	8	in	in	ADP
emaj-196	97	9	dps	dps	NOUN
emaj-196	97	10	will	will	AUX
emaj-196	97	11	bring	bring	VERB
emaj-196	97	12	about	about	ADP
emaj-196	97	13	a	a	DET
emaj-196	97	14	rise	rise	NOUN
emaj-196	97	15	in	in	ADP
emaj-196	97	16	sp	sp	NOUN
emaj-196	97	17	.	.	PROPN
emaj-196	97	18	similarly	similarly	ADV
emaj-196	97	19	,	,	PUNCT
emaj-196	97	20	table	table	NOUN
emaj-196	97	21	2	2	NUM
emaj-196	97	22	revealed	reveal	VERB
emaj-196	97	23	that	that	SCONJ
emaj-196	97	24	dividend	dividend	NOUN
emaj-196	97	25	per	per	ADP
emaj-196	97	26	share	share	NOUN
emaj-196	97	27	positively	positively	ADV
emaj-196	97	28	influence	influence	VERB
emaj-196	97	29	share	share	NOUN
emaj-196	97	30	price	price	NOUN
emaj-196	97	31	of	of	ADP
emaj-196	97	32	low	low	ADJ
emaj-196	97	33	geared	gear	VERB
emaj-196	97	34	manufacturing	manufacturing	NOUN
emaj-196	97	35	firms	firm	NOUN
emaj-196	97	36	in	in	ADP
emaj-196	97	37	nigeria	nigeria	PROPN
emaj-196	97	38	.	.	PUNCT
emaj-196	98	1	this	this	PRON
emaj-196	98	2	implies	imply	VERB
emaj-196	98	3	that	that	SCONJ
emaj-196	98	4	,	,	PUNCT
emaj-196	98	5	1	1	NUM
emaj-196	98	6	%	%	NOUN
emaj-196	98	7	volume	volume	NOUN
emaj-196	98	8	10	10	NUM
emaj-196	98	9	no	no	DET
emaj-196	98	10	2	2	NUM
emaj-196	98	11	(	(	PUNCT
emaj-196	98	12	2020	2020	NUM
emaj-196	98	13	)	)	PUNCT
emaj-196	98	14	|	|	ADV
emaj-196	98	15	issn	issn	VERB
emaj-196	98	16	2158	2158	NUM
emaj-196	98	17	-	-	SYM
emaj-196	98	18	8708	8708	NUM
emaj-196	98	19	(	(	PUNCT
emaj-196	98	20	online	online	NOUN
emaj-196	98	21	)	)	PUNCT
emaj-196	98	22	|	|	ADV
emaj-196	98	23	doi	doi	X
emaj-196	98	24	10.5195	10.5195	NUM
emaj-196	98	25	/	/	SYM
emaj-196	98	26	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	98	27	|	|	ADV
emaj-196	98	28	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	98	29	the	the	DET
emaj-196	98	30	influence	influence	NOUN
emaj-196	98	31	of	of	ADP
emaj-196	98	32	dividend	dividend	NOUN
emaj-196	98	33	payments	payment	NOUN
emaj-196	98	34	on	on	ADP
emaj-196	98	35	share	share	NOUN
emaj-196	98	36	price	price	NOUN
emaj-196	98	37	in	in	ADP
emaj-196	98	38	manufacturing	manufacturing	NOUN
emaj-196	98	39	firms	firm	NOUN
emaj-196	98	40	quoted	quote	VERB
emaj-196	98	41	on	on	ADP
emaj-196	98	42	the	the	DET
emaj-196	98	43	nigerian	nigerian	ADJ
emaj-196	98	44	stock	stock	NOUN
emaj-196	98	45	exchange	exchange	PROPN
emaj-196	98	46	page	page	NOUN
emaj-196	98	47	|68|	|68|	NOUN
emaj-196	98	48	emerging	emerge	VERB
emaj-196	98	49	markets	market	NOUN
emaj-196	98	50	journal	journal	NOUN
emaj-196	98	51	rise	rise	VERB
emaj-196	98	52	in	in	ADP
emaj-196	98	53	dps	dps	NOUN
emaj-196	98	54	will	will	AUX
emaj-196	98	55	bring	bring	VERB
emaj-196	98	56	about	about	ADP
emaj-196	98	57	a	a	DET
emaj-196	98	58	rise	rise	NOUN
emaj-196	98	59	in	in	ADP
emaj-196	98	60	sp	sp	NOUN
emaj-196	98	61	.	.	PUNCT
emaj-196	99	1	this	this	DET
emaj-196	99	2	result	result	NOUN
emaj-196	99	3	is	be	AUX
emaj-196	99	4	line	line	NOUN
emaj-196	99	5	with	with	ADP
emaj-196	99	6	the	the	DET
emaj-196	99	7	outcome	outcome	NOUN
emaj-196	99	8	of	of	ADP
emaj-196	99	9	mohannad	mohannad	PROPN
emaj-196	99	10	et	et	PROPN
emaj-196	99	11	al	al	PROPN
emaj-196	99	12	(	(	PUNCT
emaj-196	99	13	2018	2018	NUM
emaj-196	99	14	)	)	PUNCT
emaj-196	99	15	although	although	SCONJ
emaj-196	99	16	it	it	PRON
emaj-196	99	17	did	do	AUX
emaj-196	99	18	not	not	PART
emaj-196	99	19	indicate	indicate	VERB
emaj-196	99	20	if	if	SCONJ
emaj-196	99	21	the	the	DET
emaj-196	99	22	firms	firm	NOUN
emaj-196	99	23	were	be	AUX
emaj-196	99	24	highly	highly	ADV
emaj-196	99	25	geared	gear	VERB
emaj-196	99	26	or	or	CCONJ
emaj-196	99	27	not	not	PART
emaj-196	99	28	.	.	PUNCT
emaj-196	100	1	table	table	NOUN
emaj-196	100	2	3	3	NUM
emaj-196	100	3	eps	eps	PROPN
emaj-196	100	4	was	be	AUX
emaj-196	100	5	revealed	reveal	VERB
emaj-196	100	6	to	to	PART
emaj-196	100	7	positively	positively	ADV
emaj-196	100	8	influence	influence	VERB
emaj-196	100	9	sp	sp	ADP
emaj-196	100	10	of	of	ADP
emaj-196	100	11	dividend	dividend	NOUN
emaj-196	100	12	paying	pay	VERB
emaj-196	100	13	manufacturing	manufacturing	NOUN
emaj-196	100	14	firms	firm	NOUN
emaj-196	100	15	in	in	ADP
emaj-196	100	16	nigeria	nigeria	PROPN
emaj-196	100	17	.	.	PUNCT
emaj-196	101	1	this	this	PRON
emaj-196	101	2	signifies	signify	VERB
emaj-196	101	3	that	that	SCONJ
emaj-196	101	4	for	for	ADP
emaj-196	101	5	every	every	DET
emaj-196	101	6	1	1	NUM
emaj-196	101	7	%	%	NOUN
emaj-196	101	8	rise	rise	NOUN
emaj-196	101	9	in	in	ADP
emaj-196	101	10	eps	eps	PROPN
emaj-196	101	11	,	,	PUNCT
emaj-196	101	12	there	there	PRON
emaj-196	101	13	will	will	AUX
emaj-196	101	14	be	be	AUX
emaj-196	101	15	a	a	DET
emaj-196	101	16	similar	similar	ADJ
emaj-196	101	17	increase	increase	NOUN
emaj-196	101	18	in	in	ADP
emaj-196	101	19	sp	sp	NOUN
emaj-196	101	20	.	.	PUNCT
emaj-196	102	1	this	this	DET
emaj-196	102	2	outcome	outcome	NOUN
emaj-196	102	3	corroborates	corroborate	VERB
emaj-196	102	4	with	with	ADP
emaj-196	102	5	the	the	DET
emaj-196	102	6	result	result	NOUN
emaj-196	102	7	of	of	ADP
emaj-196	102	8	the	the	DET
emaj-196	102	9	study	study	NOUN
emaj-196	102	10	conducted	conduct	VERB
emaj-196	102	11	by	by	ADP
emaj-196	102	12	iqbal	iqbal	PROPN
emaj-196	102	13	et	et	PROPN
emaj-196	102	14	al	al	PROPN
emaj-196	102	15	.	.	PROPN
emaj-196	103	1	(	(	PUNCT
emaj-196	103	2	2015	2015	NUM
emaj-196	103	3	)	)	PUNCT
emaj-196	103	4	inferring	infer	VERB
emaj-196	103	5	that	that	SCONJ
emaj-196	103	6	,	,	PUNCT
emaj-196	103	7	eps	eps	PROPN
emaj-196	103	8	determines	determine	NOUN
emaj-196	103	9	significantly	significantly	ADV
emaj-196	103	10	the	the	DET
emaj-196	103	11	share	share	NOUN
emaj-196	103	12	prices	price	NOUN
emaj-196	103	13	and	and	CCONJ
emaj-196	103	14	the	the	DET
emaj-196	103	15	availability	availability	NOUN
emaj-196	103	16	of	of	ADP
emaj-196	103	17	future	future	ADJ
emaj-196	103	18	funds	fund	NOUN
emaj-196	103	19	for	for	ADP
emaj-196	103	20	dividend	dividend	NOUN
emaj-196	103	21	payment	payment	NOUN
emaj-196	103	22	and	and	CCONJ
emaj-196	103	23	reinvestment	reinvestment	NOUN
emaj-196	103	24	.	.	PUNCT
emaj-196	104	1	regarding	regard	VERB
emaj-196	104	2	the	the	DET
emaj-196	104	3	non	non	ADJ
emaj-196	104	4	-	-	ADJ
emaj-196	104	5	dividend	dividend	ADJ
emaj-196	104	6	paying	pay	VERB
emaj-196	104	7	manufacturing	manufacturing	NOUN
emaj-196	104	8	firms	firm	NOUN
emaj-196	104	9	,	,	PUNCT
emaj-196	104	10	it	it	PRON
emaj-196	104	11	was	be	AUX
emaj-196	104	12	revealed	reveal	VERB
emaj-196	104	13	in	in	ADP
emaj-196	104	14	table	table	NOUN
emaj-196	104	15	4	4	NUM
emaj-196	104	16	that	that	PRON
emaj-196	104	17	,	,	PUNCT
emaj-196	104	18	eps	eps	AUX
emaj-196	104	19	positively	positively	ADV
emaj-196	104	20	influences	influence	VERB
emaj-196	104	21	sp	sp	NOUN
emaj-196	104	22	.	.	PUNCT
emaj-196	105	1	this	this	PRON
emaj-196	105	2	signifies	signify	VERB
emaj-196	105	3	that	that	SCONJ
emaj-196	105	4	for	for	ADP
emaj-196	105	5	every	every	DET
emaj-196	105	6	1	1	NUM
emaj-196	105	7	%	%	NOUN
emaj-196	105	8	rise	rise	NOUN
emaj-196	105	9	in	in	ADP
emaj-196	105	10	eps	eps	PROPN
emaj-196	105	11	,	,	PUNCT
emaj-196	105	12	there	there	PRON
emaj-196	105	13	will	will	AUX
emaj-196	105	14	be	be	AUX
emaj-196	105	15	a	a	DET
emaj-196	105	16	similar	similar	ADJ
emaj-196	105	17	increase	increase	NOUN
emaj-196	105	18	in	in	ADP
emaj-196	105	19	sp	sp	NOUN
emaj-196	105	20	.	.	PUNCT
emaj-196	106	1	this	this	DET
emaj-196	106	2	outcome	outcome	NOUN
emaj-196	106	3	is	be	AUX
emaj-196	106	4	consistent	consistent	ADJ
emaj-196	106	5	with	with	ADP
emaj-196	106	6	the	the	DET
emaj-196	106	7	study	study	NOUN
emaj-196	106	8	of	of	ADP
emaj-196	106	9	ishfaq	ishfaq	NOUN
emaj-196	106	10	(	(	PUNCT
emaj-196	106	11	2018	2018	NUM
emaj-196	106	12	)	)	PUNCT
emaj-196	106	13	.	.	PUNCT
emaj-196	107	1	it	it	PRON
emaj-196	107	2	therefore	therefore	ADV
emaj-196	107	3	implies	imply	VERB
emaj-196	107	4	that	that	SCONJ
emaj-196	107	5	,	,	PUNCT
emaj-196	107	6	eps	eps	PROPN
emaj-196	107	7	has	have	VERB
emaj-196	107	8	the	the	DET
emaj-196	107	9	potential	potential	NOUN
emaj-196	107	10	of	of	ADP
emaj-196	107	11	raising	raise	VERB
emaj-196	107	12	future	future	ADJ
emaj-196	107	13	capital	capital	NOUN
emaj-196	107	14	for	for	ADP
emaj-196	107	15	reinvestment	reinvestment	NOUN
emaj-196	107	16	in	in	ADP
emaj-196	107	17	non	non	ADJ
emaj-196	107	18	-	-	ADJ
emaj-196	107	19	dividend	dividend	ADJ
emaj-196	107	20	paying	pay	VERB
emaj-196	107	21	firms	firm	NOUN
emaj-196	107	22	.	.	PUNCT
emaj-196	108	1	as	as	SCONJ
emaj-196	108	2	regard	regard	NOUN
emaj-196	108	3	to	to	ADP
emaj-196	108	4	table	table	NOUN
emaj-196	108	5	5	5	NUM
emaj-196	108	6	,	,	PUNCT
emaj-196	108	7	dy	dy	NOUN
emaj-196	108	8	was	be	AUX
emaj-196	108	9	revealed	reveal	VERB
emaj-196	108	10	a	a	DET
emaj-196	108	11	have	have	AUX
emaj-196	108	12	an	an	DET
emaj-196	108	13	adverse	adverse	ADJ
emaj-196	108	14	effect	effect	NOUN
emaj-196	108	15	on	on	ADP
emaj-196	108	16	sp	sp	ADP
emaj-196	108	17	of	of	ADP
emaj-196	108	18	old	old	ADJ
emaj-196	108	19	manufacturing	manufacturing	NOUN
emaj-196	108	20	firms	firm	NOUN
emaj-196	108	21	in	in	ADP
emaj-196	108	22	nigeria	nigeria	PROPN
emaj-196	108	23	.	.	PUNCT
emaj-196	109	1	this	this	PRON
emaj-196	109	2	implies	imply	VERB
emaj-196	109	3	that	that	SCONJ
emaj-196	109	4	when	when	SCONJ
emaj-196	109	5	dy	dy	NOUN
emaj-196	109	6	increases	increase	VERB
emaj-196	109	7	by	by	ADP
emaj-196	109	8	1	1	NUM
emaj-196	109	9	%	%	NOUN
emaj-196	109	10	,	,	PUNCT
emaj-196	109	11	the	the	DET
emaj-196	109	12	sp	sp	NOUN
emaj-196	109	13	will	will	AUX
emaj-196	109	14	decrease	decrease	VERB
emaj-196	109	15	by	by	ADP
emaj-196	109	16	1	1	NUM
emaj-196	109	17	%	%	NOUN
emaj-196	109	18	.	.	PUNCT
emaj-196	110	1	however	however	ADV
emaj-196	110	2	,	,	PUNCT
emaj-196	110	3	this	this	DET
emaj-196	110	4	outcome	outcome	NOUN
emaj-196	110	5	does	do	AUX
emaj-196	110	6	not	not	PART
emaj-196	110	7	corroborate	corroborate	VERB
emaj-196	110	8	with	with	ADP
emaj-196	110	9	the	the	DET
emaj-196	110	10	result	result	NOUN
emaj-196	110	11	of	of	ADP
emaj-196	110	12	freshia	freshia	NOUN
emaj-196	110	13	and	and	CCONJ
emaj-196	110	14	pauline	pauline	PROPN
emaj-196	110	15	(	(	PUNCT
emaj-196	110	16	2016	2016	NUM
emaj-196	110	17	)	)	PUNCT
emaj-196	110	18	where	where	SCONJ
emaj-196	110	19	in	in	ADP
emaj-196	110	20	this	this	DET
emaj-196	110	21	study	study	NOUN
emaj-196	110	22	,	,	PUNCT
emaj-196	110	23	there	there	PRON
emaj-196	110	24	is	be	VERB
emaj-196	110	25	positive	positive	ADJ
emaj-196	110	26	association	association	NOUN
emaj-196	110	27	of	of	ADP
emaj-196	110	28	dy	dy	PROPN
emaj-196	110	29	with	with	ADP
emaj-196	110	30	sp	sp	NOUN
emaj-196	110	31	.	.	PUNCT
emaj-196	110	32	considering	consider	VERB
emaj-196	110	33	new	new	ADJ
emaj-196	110	34	manufacturing	manufacturing	NOUN
emaj-196	110	35	firms	firm	NOUN
emaj-196	110	36	,	,	PUNCT
emaj-196	110	37	table	table	NOUN
emaj-196	110	38	6	6	NUM
emaj-196	110	39	established	establish	VERB
emaj-196	110	40	that	that	SCONJ
emaj-196	110	41	,	,	PUNCT
emaj-196	110	42	dy	dy	NOUN
emaj-196	110	43	adversely	adversely	ADV
emaj-196	110	44	influences	influence	VERB
emaj-196	110	45	sp	sp	NOUN
emaj-196	110	46	.	.	PUNCT
emaj-196	111	1	this	this	PRON
emaj-196	111	2	implies	imply	VERB
emaj-196	111	3	that	that	SCONJ
emaj-196	111	4	when	when	SCONJ
emaj-196	111	5	dy	dy	NOUN
emaj-196	111	6	increases	increase	VERB
emaj-196	111	7	by	by	ADP
emaj-196	111	8	1	1	NUM
emaj-196	111	9	%	%	NOUN
emaj-196	111	10	,	,	PUNCT
emaj-196	111	11	the	the	DET
emaj-196	111	12	sp	sp	NOUN
emaj-196	111	13	will	will	AUX
emaj-196	111	14	decrease	decrease	VERB
emaj-196	111	15	by	by	ADP
emaj-196	111	16	1	1	NUM
emaj-196	111	17	%	%	NOUN
emaj-196	111	18	.	.	PUNCT
emaj-196	112	1	however	however	ADV
emaj-196	112	2	,	,	PUNCT
emaj-196	112	3	this	this	DET
emaj-196	112	4	outcome	outcome	NOUN
emaj-196	112	5	does	do	AUX
emaj-196	112	6	not	not	PART
emaj-196	112	7	corroborate	corroborate	VERB
emaj-196	112	8	with	with	ADP
emaj-196	112	9	the	the	DET
emaj-196	112	10	result	result	NOUN
emaj-196	112	11	of	of	ADP
emaj-196	112	12	freshia	freshia	NOUN
emaj-196	112	13	and	and	CCONJ
emaj-196	112	14	pauline	pauline	PROPN
emaj-196	112	15	(	(	PUNCT
emaj-196	112	16	2016	2016	NUM
emaj-196	112	17	)	)	PUNCT
emaj-196	112	18	where	where	SCONJ
emaj-196	112	19	in	in	ADP
emaj-196	112	20	this	this	DET
emaj-196	112	21	study	study	NOUN
emaj-196	112	22	,	,	PUNCT
emaj-196	112	23	there	there	PRON
emaj-196	112	24	is	be	VERB
emaj-196	112	25	a	a	DET
emaj-196	112	26	positive	positive	ADJ
emaj-196	112	27	association	association	NOUN
emaj-196	112	28	between	between	ADP
emaj-196	112	29	dy	dy	PROPN
emaj-196	112	30	and	and	CCONJ
emaj-196	112	31	sp	sp	PROPN
emaj-196	112	32	.	.	PROPN
emaj-196	112	33	table	table	NOUN
emaj-196	112	34	7	7	NUM
emaj-196	112	35	reveals	reveal	VERB
emaj-196	112	36	that	that	SCONJ
emaj-196	112	37	,	,	PUNCT
emaj-196	112	38	cr	cr	PROPN
emaj-196	112	39	positively	positively	ADV
emaj-196	112	40	influences	influence	VERB
emaj-196	112	41	sp	sp	ADP
emaj-196	112	42	of	of	ADP
emaj-196	112	43	big	big	ADJ
emaj-196	112	44	manufacturing	manufacturing	NOUN
emaj-196	112	45	firms	firm	NOUN
emaj-196	112	46	in	in	ADP
emaj-196	112	47	nigeria	nigeria	PROPN
emaj-196	112	48	.	.	PUNCT
emaj-196	113	1	this	this	PRON
emaj-196	113	2	implies	imply	VERB
emaj-196	113	3	that	that	SCONJ
emaj-196	113	4	when	when	SCONJ
emaj-196	113	5	cr	cr	NOUN
emaj-196	113	6	increases	increase	VERB
emaj-196	113	7	by	by	ADP
emaj-196	113	8	1	1	NUM
emaj-196	113	9	%	%	NOUN
emaj-196	113	10	,	,	PUNCT
emaj-196	113	11	the	the	DET
emaj-196	113	12	sp	sp	NOUN
emaj-196	113	13	will	will	AUX
emaj-196	113	14	increase	increase	VERB
emaj-196	113	15	by	by	ADP
emaj-196	113	16	1	1	NUM
emaj-196	113	17	%	%	NOUN
emaj-196	113	18	.	.	PUNCT
emaj-196	114	1	literature	literature	NOUN
emaj-196	114	2	does	do	AUX
emaj-196	114	3	not	not	PART
emaj-196	114	4	empirically	empirically	ADV
emaj-196	114	5	emphasize	emphasize	VERB
emaj-196	114	6	the	the	DET
emaj-196	114	7	effect	effect	NOUN
emaj-196	114	8	of	of	ADP
emaj-196	114	9	credit	credit	NOUN
emaj-196	114	10	risk	risk	NOUN
emaj-196	114	11	on	on	ADP
emaj-196	114	12	share	share	NOUN
emaj-196	114	13	prices	price	NOUN
emaj-196	114	14	of	of	ADP
emaj-196	114	15	manufacturing	manufacturing	NOUN
emaj-196	114	16	firms	firm	NOUN
emaj-196	114	17	in	in	ADP
emaj-196	114	18	nigeria	nigeria	PROPN
emaj-196	114	19	.	.	PUNCT
emaj-196	115	1	however	however	ADV
emaj-196	115	2	,	,	PUNCT
emaj-196	115	3	table	table	NOUN
emaj-196	115	4	8	8	NUM
emaj-196	115	5	revealed	reveal	VERB
emaj-196	115	6	that	that	SCONJ
emaj-196	115	7	cr	cr	PROPN
emaj-196	115	8	negatively	negatively	ADV
emaj-196	115	9	influences	influence	VERB
emaj-196	115	10	sp	sp	ADP
emaj-196	115	11	of	of	ADP
emaj-196	115	12	small	small	ADJ
emaj-196	115	13	manufacturing	manufacturing	NOUN
emaj-196	115	14	firms	firm	NOUN
emaj-196	115	15	in	in	ADP
emaj-196	115	16	nigeria	nigeria	PROPN
emaj-196	115	17	.	.	PUNCT
emaj-196	116	1	this	this	PRON
emaj-196	116	2	implies	imply	VERB
emaj-196	116	3	that	that	SCONJ
emaj-196	116	4	when	when	SCONJ
emaj-196	116	5	cr	cr	NOUN
emaj-196	116	6	increases	increase	VERB
emaj-196	116	7	by	by	ADP
emaj-196	116	8	1	1	NUM
emaj-196	116	9	%	%	NOUN
emaj-196	116	10	,	,	PUNCT
emaj-196	116	11	the	the	DET
emaj-196	116	12	sp	sp	NOUN
emaj-196	116	13	will	will	AUX
emaj-196	116	14	decrease	decrease	VERB
emaj-196	116	15	by	by	ADP
emaj-196	116	16	1	1	NUM
emaj-196	116	17	%	%	NOUN
emaj-196	116	18	.	.	PUNCT
emaj-196	117	1	the	the	DET
emaj-196	117	2	variables	variable	NOUN
emaj-196	117	3	used	use	VERB
emaj-196	117	4	in	in	ADP
emaj-196	117	5	the	the	DET
emaj-196	117	6	study	study	NOUN
emaj-196	117	7	are	be	AUX
emaj-196	117	8	dividend	dividend	NOUN
emaj-196	117	9	per	per	ADP
emaj-196	117	10	share	share	NOUN
emaj-196	117	11	,	,	PUNCT
emaj-196	117	12	earnings	earning	NOUN
emaj-196	117	13	per	per	ADP
emaj-196	117	14	share	share	NOUN
emaj-196	117	15	,	,	PUNCT
emaj-196	117	16	dividend	dividend	NOUN
emaj-196	117	17	yield	yield	NOUN
emaj-196	117	18	and	and	CCONJ
emaj-196	117	19	credit	credit	NOUN
emaj-196	117	20	risk	risk	NOUN
emaj-196	117	21	.	.	PUNCT
emaj-196	118	1	in	in	ADP
emaj-196	118	2	as	as	ADV
emaj-196	118	3	much	much	ADV
emaj-196	118	4	as	as	SCONJ
emaj-196	118	5	these	these	DET
emaj-196	118	6	variables	variable	NOUN
emaj-196	118	7	used	use	VERB
emaj-196	118	8	in	in	ADP
emaj-196	118	9	the	the	DET
emaj-196	118	10	study	study	NOUN
emaj-196	118	11	are	be	AUX
emaj-196	118	12	important	important	ADJ
emaj-196	118	13	,	,	PUNCT
emaj-196	118	14	some	some	PRON
emaj-196	118	15	are	be	AUX
emaj-196	118	16	given	give	VERB
emaj-196	118	17	optimum	optimum	ADJ
emaj-196	118	18	attention	attention	NOUN
emaj-196	118	19	in	in	ADP
emaj-196	118	20	investment	investment	NOUN
emaj-196	118	21	decisions	decision	NOUN
emaj-196	118	22	.	.	PUNCT
emaj-196	119	1	in	in	ADP
emaj-196	119	2	finance	finance	NOUN
emaj-196	119	3	,	,	PUNCT
emaj-196	119	4	dividend	dividend	NOUN
emaj-196	119	5	per	per	ADP
emaj-196	119	6	share	share	NOUN
emaj-196	119	7	had	have	AUX
emaj-196	119	8	been	be	AUX
emaj-196	119	9	given	give	VERB
emaj-196	119	10	optimum	optimum	ADJ
emaj-196	119	11	attention	attention	NOUN
emaj-196	119	12	because	because	SCONJ
emaj-196	119	13	of	of	ADP
emaj-196	119	14	its	its	PRON
emaj-196	119	15	cash	cash	NOUN
emaj-196	119	16	flow	flow	NOUN
emaj-196	119	17	nature	nature	NOUN
emaj-196	119	18	.	.	PUNCT
emaj-196	120	1	only	only	ADV
emaj-196	120	2	dividend	dividend	NOUN
emaj-196	120	3	announcement	announcement	NOUN
emaj-196	120	4	had	have	AUX
emaj-196	120	5	caused	cause	VERB
emaj-196	120	6	great	great	ADJ
emaj-196	120	7	influence	influence	NOUN
emaj-196	120	8	in	in	ADP
emaj-196	120	9	share	share	NOUN
emaj-196	120	10	price	price	NOUN
emaj-196	120	11	in	in	ADP
emaj-196	120	12	any	any	DET
emaj-196	120	13	capital	capital	NOUN
emaj-196	120	14	market	market	NOUN
emaj-196	120	15	.	.	PUNCT
emaj-196	121	1	finance	finance	NOUN
emaj-196	121	2	analysts	analyst	NOUN
emaj-196	121	3	over	over	ADP
emaj-196	121	4	time	time	NOUN
emaj-196	121	5	have	have	AUX
emaj-196	121	6	used	use	VERB
emaj-196	121	7	dividend	dividend	NOUN
emaj-196	121	8	announcement	announcement	NOUN
emaj-196	121	9	in	in	ADP
emaj-196	121	10	the	the	DET
emaj-196	121	11	form	form	NOUN
emaj-196	121	12	of	of	ADP
emaj-196	121	13	insider	insider	NOUN
emaj-196	121	14	information	information	NOUN
emaj-196	121	15	to	to	PART
emaj-196	121	16	manipulate	manipulate	VERB
emaj-196	121	17	the	the	DET
emaj-196	121	18	share	share	NOUN
emaj-196	121	19	price	price	NOUN
emaj-196	121	20	.	.	PUNCT
emaj-196	122	1	the	the	DET
emaj-196	122	2	arguments	argument	NOUN
emaj-196	122	3	of	of	ADP
emaj-196	122	4	dividend	dividend	NOUN
emaj-196	122	5	relevance	relevance	NOUN
emaj-196	122	6	surpass	surpass	VERB
emaj-196	122	7	the	the	DET
emaj-196	122	8	argument	argument	NOUN
emaj-196	122	9	of	of	ADP
emaj-196	122	10	dividend	dividend	NOUN
emaj-196	122	11	irrelevance	irrelevance	NOUN
emaj-196	122	12	.	.	PUNCT
emaj-196	123	1	however	however	ADV
emaj-196	123	2	,	,	PUNCT
emaj-196	123	3	dividend	dividend	NOUN
emaj-196	123	4	argument	argument	NOUN
emaj-196	123	5	had	have	AUX
emaj-196	123	6	led	lead	VERB
emaj-196	123	7	to	to	PART
emaj-196	123	8	dividend	dividend	VERB
emaj-196	123	9	theory	theory	NOUN
emaj-196	123	10	.	.	PUNCT
emaj-196	124	1	most	most	ADJ
emaj-196	124	2	academic	academic	ADJ
emaj-196	124	3	studies	study	NOUN
emaj-196	124	4	on	on	ADP
emaj-196	124	5	dividend	dividend	NOUN
emaj-196	124	6	payment	payment	NOUN
emaj-196	124	7	included	include	VERB
emaj-196	124	8	dividend	dividend	NOUN
emaj-196	124	9	per	per	ADP
emaj-196	124	10	share	share	NOUN
emaj-196	124	11	as	as	ADP
emaj-196	124	12	relevant	relevant	ADJ
emaj-196	124	13	independent	independent	ADJ
emaj-196	124	14	variable	variable	NOUN
emaj-196	124	15	.	.	PUNCT
emaj-196	125	1	v.	v.	ADP
emaj-196	125	2	conclusion	conclusion	NOUN
emaj-196	125	3	and	and	CCONJ
emaj-196	125	4	recommendations	recommendation	NOUN
emaj-196	125	5	based	base	VERB
emaj-196	125	6	on	on	ADP
emaj-196	125	7	the	the	DET
emaj-196	125	8	findings	finding	NOUN
emaj-196	125	9	from	from	ADP
emaj-196	125	10	the	the	DET
emaj-196	125	11	analysis	analysis	NOUN
emaj-196	125	12	,	,	PUNCT
emaj-196	125	13	it	it	PRON
emaj-196	125	14	can	can	AUX
emaj-196	125	15	be	be	AUX
emaj-196	125	16	observed	observe	VERB
emaj-196	125	17	that	that	SCONJ
emaj-196	125	18	all	all	DET
emaj-196	125	19	the	the	DET
emaj-196	125	20	variables	variable	NOUN
emaj-196	125	21	adopted	adopt	VERB
emaj-196	125	22	in	in	ADP
emaj-196	125	23	the	the	DET
emaj-196	125	24	model	model	NOUN
emaj-196	125	25	employed	employ	VERB
emaj-196	125	26	are	be	AUX
emaj-196	125	27	significant	significant	ADJ
emaj-196	125	28	.	.	PUNCT
emaj-196	126	1	hence	hence	ADV
emaj-196	126	2	,	,	PUNCT
emaj-196	126	3	this	this	PRON
emaj-196	126	4	led	lead	VERB
emaj-196	126	5	the	the	DET
emaj-196	126	6	researcher	researcher	NOUN
emaj-196	126	7	to	to	PART
emaj-196	126	8	draw	draw	VERB
emaj-196	126	9	a	a	DET
emaj-196	126	10	conclusion	conclusion	NOUN
emaj-196	126	11	that	that	SCONJ
emaj-196	126	12	,	,	PUNCT
emaj-196	126	13	the	the	DET
emaj-196	126	14	findings	finding	NOUN
emaj-196	126	15	achieved	achieve	VERB
emaj-196	126	16	the	the	DET
emaj-196	126	17	research	research	NOUN
emaj-196	126	18	objectives	objective	NOUN
emaj-196	126	19	.	.	PUNCT
emaj-196	127	1	this	this	DET
emaj-196	127	2	study	study	NOUN
emaj-196	127	3	makes	make	VERB
emaj-196	127	4	a	a	DET
emaj-196	127	5	significant	significant	ADJ
emaj-196	127	6	contribution	contribution	NOUN
emaj-196	127	7	to	to	ADP
emaj-196	127	8	the	the	DET
emaj-196	127	9	body	body	NOUN
emaj-196	127	10	of	of	ADP
emaj-196	127	11	knowledge	knowledge	NOUN
emaj-196	127	12	by	by	ADP
emaj-196	127	13	empirically	empirically	ADV
emaj-196	127	14	revealing	reveal	VERB
emaj-196	127	15	the	the	DET
emaj-196	127	16	evidence	evidence	NOUN
emaj-196	127	17	on	on	ADP
emaj-196	127	18	how	how	SCONJ
emaj-196	127	19	dividend	dividend	NOUN
emaj-196	127	20	payment	payment	NOUN
emaj-196	127	21	influences	influence	VERB
emaj-196	127	22	the	the	DET
emaj-196	127	23	price	price	NOUN
emaj-196	127	24	of	of	ADP
emaj-196	127	25	share	share	NOUN
emaj-196	127	26	of	of	ADP
emaj-196	127	27	manufacturing	manufacture	VERB
emaj-196	127	28	companies	company	NOUN
emaj-196	127	29	in	in	ADP
emaj-196	127	30	nigeria	nigeria	PROPN
emaj-196	127	31	.	.	PUNCT
emaj-196	128	1	in	in	ADP
emaj-196	128	2	view	view	NOUN
emaj-196	128	3	of	of	ADP
emaj-196	128	4	the	the	DET
emaj-196	128	5	study	study	NOUN
emaj-196	128	6	’s	’s	PART
emaj-196	128	7	analysis	analysis	NOUN
emaj-196	128	8	,	,	PUNCT
emaj-196	128	9	the	the	DET
emaj-196	128	10	coefficient	coefficient	NOUN
emaj-196	128	11	of	of	ADP
emaj-196	128	12	determination	determination	NOUN
emaj-196	128	13	reveals	reveal	VERB
emaj-196	128	14	more	more	ADJ
emaj-196	128	15	than	than	ADP
emaj-196	128	16	average	average	ADJ
emaj-196	128	17	percent	percent	NOUN
emaj-196	128	18	signifying	signify	VERB
emaj-196	128	19	that	that	SCONJ
emaj-196	128	20	the	the	DET
emaj-196	128	21	dependent	dependent	ADJ
emaj-196	128	22	variable	variable	NOUN
emaj-196	128	23	captured	capture	VERB
emaj-196	128	24	the	the	DET
emaj-196	128	25	level	level	NOUN
emaj-196	128	26	of	of	ADP
emaj-196	128	27	significance	significance	NOUN
emaj-196	128	28	of	of	ADP
emaj-196	128	29	the	the	DET
emaj-196	128	30	independents	independent	NOUN
emaj-196	128	31	variables	variable	VERB
emaj-196	128	32	.	.	PUNCT
emaj-196	129	1	on	on	ADP
emaj-196	129	2	this	this	DET
emaj-196	129	3	note	note	NOUN
emaj-196	129	4	,	,	PUNCT
emaj-196	129	5	we	we	PRON
emaj-196	129	6	can	can	AUX
emaj-196	129	7	draw	draw	VERB
emaj-196	129	8	our	our	PRON
emaj-196	129	9	conclusion	conclusion	NOUN
emaj-196	129	10	that	that	SCONJ
emaj-196	129	11	the	the	DET
emaj-196	129	12	manufacturing	manufacture	VERB
emaj-196	129	13	companies	company	NOUN
emaj-196	129	14	that	that	PRON
emaj-196	129	15	are	be	AUX
emaj-196	129	16	highly	highly	ADV
emaj-196	129	17	geared	gear	VERB
emaj-196	129	18	have	have	AUX
emaj-196	129	19	a	a	DET
emaj-196	129	20	better	well	ADJ
emaj-196	129	21	model	model	NOUN
emaj-196	129	22	than	than	ADP
emaj-196	129	23	the	the	DET
emaj-196	129	24	low	low	ADJ
emaj-196	129	25	geared	gear	VERB
emaj-196	129	26	companies	company	NOUN
emaj-196	129	27	,	,	PUNCT
emaj-196	129	28	while	while	SCONJ
emaj-196	129	29	dividends	dividend	NOUN
emaj-196	129	30	paying	pay	VERB
emaj-196	129	31	manufacturing	manufacturing	NOUN
emaj-196	129	32	companies	company	NOUN
emaj-196	129	33	have	have	VERB
emaj-196	129	34	a	a	DET
emaj-196	129	35	better	well	ADJ
emaj-196	129	36	model	model	NOUN
emaj-196	129	37	compared	compare	VERB
emaj-196	129	38	to	to	ADP
emaj-196	129	39	non	non	ADJ
emaj-196	129	40	-	-	ADJ
emaj-196	129	41	dividend	dividend	ADJ
emaj-196	129	42	paying	pay	VERB
emaj-196	129	43	manufacturing	manufacturing	NOUN
emaj-196	129	44	companies	company	NOUN
emaj-196	129	45	.	.	PUNCT
emaj-196	130	1	inclusively	inclusively	ADV
emaj-196	130	2	,	,	PUNCT
emaj-196	130	3	the	the	DET
emaj-196	130	4	new	new	ADJ
emaj-196	130	5	and	and	CCONJ
emaj-196	130	6	old	old	ADJ
emaj-196	130	7	manufacturing	manufacturing	NOUN
emaj-196	130	8	companies	company	NOUN
emaj-196	130	9	have	have	VERB
emaj-196	130	10	a	a	DET
emaj-196	130	11	fair	fair	ADJ
emaj-196	130	12	model	model	NOUN
emaj-196	130	13	implying	imply	VERB
emaj-196	130	14	that	that	SCONJ
emaj-196	130	15	in	in	ADP
emaj-196	130	16	totality	totality	NOUN
emaj-196	130	17	,	,	PUNCT
emaj-196	130	18	the	the	DET
emaj-196	130	19	manufacturing	manufacture	VERB
emaj-196	130	20	companies	company	NOUN
emaj-196	130	21	in	in	ADP
emaj-196	130	22	nigeria	nigeria	PROPN
emaj-196	130	23	are	be	AUX
emaj-196	130	24	not	not	PART
emaj-196	130	25	operating	operate	VERB
emaj-196	130	26	at	at	ADP
emaj-196	130	27	the	the	DET
emaj-196	130	28	optimal	optimal	ADJ
emaj-196	130	29	level	level	NOUN
emaj-196	130	30	.	.	PUNCT
emaj-196	131	1	big	big	ADJ
emaj-196	131	2	and	and	CCONJ
emaj-196	131	3	small	small	ADJ
emaj-196	131	4	manufacturing	manufacturing	NOUN
emaj-196	131	5	companies	company	NOUN
emaj-196	131	6	are	be	AUX
emaj-196	131	7	progressing	progress	VERB
emaj-196	131	8	as	as	ADP
emaj-196	131	9	the	the	DET
emaj-196	131	10	model	model	NOUN
emaj-196	131	11	of	of	ADP
emaj-196	131	12	big	big	ADJ
emaj-196	131	13	manufacturing	manufacturing	NOUN
emaj-196	131	14	companies	company	NOUN
emaj-196	131	15	out	out	ADP
emaj-196	131	16	-	-	PUNCT
emaj-196	131	17	way	way	NOUN
emaj-196	131	18	the	the	DET
emaj-196	131	19	model	model	NOUN
emaj-196	131	20	of	of	ADP
emaj-196	131	21	small	small	ADJ
emaj-196	131	22	manufacturing	manufacturing	NOUN
emaj-196	131	23	,	,	PUNCT
emaj-196	131	24	as	as	SCONJ
emaj-196	131	25	revealed	reveal	VERB
emaj-196	131	26	by	by	ADP
emaj-196	131	27	the	the	DET
emaj-196	131	28	coefficient	coefficient	NOUN
emaj-196	131	29	of	of	ADP
emaj-196	131	30	determination	determination	NOUN
emaj-196	131	31	(	(	PUNCT
emaj-196	131	32	r	r	NOUN
emaj-196	131	33	-	-	ADJ
emaj-196	131	34	square	square	NOUN
emaj-196	131	35	)	)	PUNCT
emaj-196	131	36	.	.	PUNCT
emaj-196	132	1	parallel	parallel	ADJ
emaj-196	132	2	to	to	ADP
emaj-196	132	3	the	the	DET
emaj-196	132	4	findings	finding	NOUN
emaj-196	132	5	discovered	discover	VERB
emaj-196	132	6	in	in	ADP
emaj-196	132	7	this	this	DET
emaj-196	132	8	work	work	NOUN
emaj-196	132	9	,	,	PUNCT
emaj-196	132	10	it	it	PRON
emaj-196	132	11	is	be	AUX
emaj-196	132	12	therefore	therefore	ADV
emaj-196	132	13	recommended	recommend	VERB
emaj-196	132	14	that	that	SCONJ
emaj-196	132	15	credit	credit	NOUN
emaj-196	132	16	risk	risk	NOUN
emaj-196	132	17	should	should	AUX
emaj-196	132	18	be	be	AUX
emaj-196	132	19	effectively	effectively	ADV
emaj-196	132	20	and	and	CCONJ
emaj-196	132	21	efficiently	efficiently	ADV
emaj-196	132	22	managed	manage	VERB
emaj-196	132	23	by	by	ADP
emaj-196	132	24	small	small	ADJ
emaj-196	132	25	manufacturing	manufacturing	NOUN
emaj-196	132	26	companies	company	NOUN
emaj-196	132	27	in	in	ADP
emaj-196	132	28	particular	particular	ADJ
emaj-196	132	29	in	in	ADP
emaj-196	132	30	order	order	NOUN
emaj-196	132	31	to	to	PART
emaj-196	132	32	eliminate	eliminate	VERB
emaj-196	132	33	its	its	PRON
emaj-196	132	34	adverse	adverse	ADJ
emaj-196	132	35	influence	influence	NOUN
emaj-196	132	36	on	on	ADP
emaj-196	132	37	their	their	PRON
emaj-196	132	38	share	share	NOUN
emaj-196	132	39	price	price	NOUN
emaj-196	132	40	.	.	PUNCT
emaj-196	133	1	also	also	ADV
emaj-196	133	2	,	,	PUNCT
emaj-196	133	3	the	the	DET
emaj-196	133	4	manufacturing	manufacture	VERB
emaj-196	133	5	companies	company	NOUN
emaj-196	133	6	that	that	PRON
emaj-196	133	7	are	be	AUX
emaj-196	133	8	not	not	PART
emaj-196	133	9	paying	pay	VERB
emaj-196	133	10	dividend	dividend	NOUN
emaj-196	133	11	with	with	ADP
emaj-196	133	12	adequate	adequate	ADJ
emaj-196	133	13	earnings	earning	NOUN
emaj-196	133	14	per	per	ADP
emaj-196	133	15	share	share	NOUN
emaj-196	133	16	should	should	AUX
emaj-196	133	17	be	be	AUX
emaj-196	133	18	dividend	dividend	NOUN
emaj-196	133	19	in	in	ADP
emaj-196	133	20	order	order	NOUN
emaj-196	133	21	to	to	PART
emaj-196	133	22	make	make	VERB
emaj-196	133	23	the	the	DET
emaj-196	133	24	sector	sector	NOUN
emaj-196	133	25	attractive	attractive	ADJ
emaj-196	133	26	to	to	ADP
emaj-196	133	27	the	the	DET
emaj-196	133	28	investors	investor	NOUN
emaj-196	133	29	.	.	PUNCT
emaj-196	134	1	the	the	DET
emaj-196	134	2	government	government	NOUN
emaj-196	134	3	should	should	AUX
emaj-196	134	4	provide	provide	VERB
emaj-196	134	5	the	the	DET
emaj-196	134	6	enabling	enable	VERB
emaj-196	134	7	environment	environment	NOUN
emaj-196	134	8	for	for	SCONJ
emaj-196	134	9	manufacturing	manufacture	VERB
emaj-196	134	10	companies	company	NOUN
emaj-196	134	11	to	to	PART
emaj-196	134	12	thrive	thrive	VERB
emaj-196	134	13	and	and	CCONJ
emaj-196	134	14	survive	survive	VERB
emaj-196	134	15	in	in	ADP
emaj-196	134	16	nigeria	nigeria	PROPN
emaj-196	134	17	.	.	PUNCT
emaj-196	135	1	finally	finally	ADV
emaj-196	135	2	,	,	PUNCT
emaj-196	135	3	well	well	ADV
emaj-196	135	4	-	-	PUNCT
emaj-196	135	5	reputable	reputable	ADJ
emaj-196	135	6	companies	company	NOUN
emaj-196	135	7	should	should	AUX
emaj-196	135	8	be	be	AUX
emaj-196	135	9	eager	eager	ADJ
emaj-196	135	10	to	to	PART
emaj-196	135	11	pay	pay	VERB
emaj-196	135	12	out	out	ADP
emaj-196	135	13	smooth	smooth	ADJ
emaj-196	135	14	dividends	dividend	NOUN
emaj-196	135	15	rather	rather	ADV
emaj-196	135	16	than	than	ADP
emaj-196	135	17	investing	invest	VERB
emaj-196	135	18	more	more	ADJ
emaj-196	135	19	on	on	ADP
emaj-196	135	20	the	the	DET
emaj-196	135	21	growth	growth	NOUN
emaj-196	135	22	opportunities	opportunity	NOUN
emaj-196	135	23	references	reference	NOUN
emaj-196	135	24	ahmed	ahmed	PROPN
emaj-196	135	25	,	,	PUNCT
emaj-196	135	26	b.	b.	PROPN
emaj-196	135	27	i.	i.	PROPN
emaj-196	135	28	,	,	PUNCT
emaj-196	135	29	raja	raja	PROPN
emaj-196	135	30	,	,	PUNCT
emaj-196	135	31	n.	n.	PROPN
emaj-196	135	32	j.	j.	PROPN
emaj-196	135	33	khan	khan	PROPN
emaj-196	135	34	,	,	PUNCT
emaj-196	135	35	n.	n.	PROPN
emaj-196	135	36	s.	s.	PROPN
emaj-196	135	37	(	(	PUNCT
emaj-196	135	38	2017	2017	NUM
emaj-196	135	39	)	)	PUNCT
emaj-196	135	40	.	.	PUNCT
emaj-196	136	1	impact	impact	NOUN
emaj-196	136	2	of	of	ADP
emaj-196	136	3	dividend	dividend	NOUN
emaj-196	136	4	policy	policy	NOUN
emaj-196	136	5	on	on	ADP
emaj-196	136	6	stock	stock	NOUN
emaj-196	136	7	prices	price	NOUN
emaj-196	136	8	of	of	ADP
emaj-196	136	9	firm	firm	NOUN
emaj-196	136	10	.	.	PUNCT
emaj-196	137	1	international	international	ADJ
emaj-196	137	2	scientific	scientific	ADJ
emaj-196	137	3	journal	journal	NOUN
emaj-196	137	4	theoretical	theoretical	ADJ
emaj-196	137	5	and	and	CCONJ
emaj-196	137	6	applied	apply	VERB
emaj-196	137	7	science	science	NOUN
emaj-196	137	8	,	,	PUNCT
emaj-196	137	9	vol	vol	NOUN
emaj-196	137	10	.	.	PROPN
emaj-196	137	11	3	3	NUM
emaj-196	137	12	,	,	PUNCT
emaj-196	137	13	no	no	INTJ
emaj-196	137	14	.	.	NOUN
emaj-196	138	1	47	47	NUM
emaj-196	138	2	,	,	PUNCT
emaj-196	138	3	pp	pp	ADJ
emaj-196	138	4	.	.	PUNCT
emaj-196	139	1	32	32	NUM
emaj-196	139	2	-	-	SYM
emaj-196	139	3	37	37	NUM
emaj-196	139	4	.	.	PUNCT
emaj-196	140	1	akram	akram	PROPN
emaj-196	140	2	,	,	PUNCT
emaj-196	140	3	b.	b.	PROPN
emaj-196	140	4	(	(	PUNCT
emaj-196	140	5	2017	2017	NUM
emaj-196	140	6	)	)	PUNCT
emaj-196	140	7	.	.	PUNCT
emaj-196	141	1	dividend	dividend	NOUN
emaj-196	141	2	payment	payment	NOUN
emaj-196	141	3	and	and	CCONJ
emaj-196	141	4	its	its	PRON
emaj-196	141	5	impact	impact	NOUN
emaj-196	141	6	on	on	ADP
emaj-196	141	7	the	the	DET
emaj-196	141	8	value	value	NOUN
emaj-196	141	9	of	of	ADP
emaj-196	141	10	firm	firm	NOUN
emaj-196	141	11	listed	list	VERB
emaj-196	141	12	on	on	ADP
emaj-196	141	13	istanbul	istanbul	PROPN
emaj-196	141	14	stock	stock	PROPN
emaj-196	141	15	exchange	exchange	PROPN
emaj-196	141	16	,	,	PUNCT
emaj-196	141	17	international	international	ADJ
emaj-196	141	18	journal	journal	NOUN
emaj-196	141	19	of	of	ADP
emaj-196	141	20	economics	economic	NOUN
emaj-196	141	21	and	and	CCONJ
emaj-196	141	22	finance	finance	NOUN
emaj-196	141	23	issues	issue	NOUN
emaj-196	141	24	,	,	PUNCT
emaj-196	141	25	vol	vol	NOUN
emaj-196	141	26	.	.	PROPN
emaj-196	141	27	7	7	NUM
emaj-196	141	28	,	,	PUNCT
emaj-196	141	29	nol	nol	NOUN
emaj-196	141	30	.	.	NOUN
emaj-196	141	31	2	2	NUM
emaj-196	141	32	,	,	PUNCT
emaj-196	141	33	pp	pp	ADJ
emaj-196	141	34	.	.	PUNCT
emaj-196	141	35	370376	370376	NUM
emaj-196	141	36	.	.	PUNCT
emaj-196	142	1	alfred	alfred	PROPN
emaj-196	142	2	.	.	PUNCT
emaj-196	143	1	c.	c.	PROPN
emaj-196	143	2	o.	o.	PROPN
emaj-196	143	3	,	,	PUNCT
emaj-196	143	4	vincent	vincent	PROPN
emaj-196	143	5	,	,	PUNCT
emaj-196	143	6	n.	n.	PROPN
emaj-196	143	7	e.	e.	PROPN
emaj-196	143	8	and	and	CCONJ
emaj-196	143	9	jessie	jessie	PROPN
emaj-196	143	10	,	,	PUNCT
emaj-196	143	11	i.	i.	PROPN
emaj-196	143	12	c.	c.	PROPN
emaj-196	143	13	(	(	PUNCT
emaj-196	143	14	2019	2019	NUM
emaj-196	143	15	)	)	PUNCT
emaj-196	143	16	.	.	PUNCT
emaj-196	144	1	effect	effect	NOUN
emaj-196	144	2	of	of	ADP
emaj-196	144	3	dividend	dividend	NOUN
emaj-196	144	4	policy	policy	NOUN
emaj-196	144	5	on	on	ADP
emaj-196	144	6	stock	stock	NOUN
emaj-196	144	7	prices	price	NOUN
emaj-196	144	8	:	:	PUNCT
emaj-196	144	9	evidence	evidence	NOUN
emaj-196	144	10	from	from	ADP
emaj-196	144	11	nigeria	nigeria	PROPN
emaj-196	144	12	.	.	PUNCT
emaj-196	145	1	international	international	ADJ
emaj-196	145	2	journal	journal	PROPN
emaj-196	145	3	of	of	ADP
emaj-196	145	4	economics	economic	NOUN
emaj-196	145	5	and	and	CCONJ
emaj-196	145	6	financial	financial	ADJ
emaj-196	145	7	management	management	NOUN
emaj-196	145	8	,	,	PUNCT
emaj-196	145	9	vol	vol	NOUN
emaj-196	145	10	.	.	PROPN
emaj-196	145	11	4	4	NUM
emaj-196	146	1	no	no	NOUN
emaj-196	146	2	.	.	NOUN
emaj-196	147	1	3	3	X
emaj-196	147	2	.	.	X
emaj-196	147	3	alqudah	alqudah	PROPN
emaj-196	147	4	,	,	PUNCT
emaj-196	147	5	a.	a.	PROPN
emaj-196	147	6	,	,	PUNCT
emaj-196	147	7	yusuf	yusuf	PROPN
emaj-196	147	8	,	,	PUNCT
emaj-196	147	9	d.	d.	PROPN
emaj-196	147	10	&	&	CCONJ
emaj-196	147	11	el	el	PROPN
emaj-196	147	12	-	-	PROPN
emaj-196	147	13	deen	deen	PROPN
emaj-196	147	14	,	,	PUNCT
emaj-196	147	15	a.n	a.n	PROPN
emaj-196	147	16	.	.	PROPN
emaj-196	147	17	(	(	PUNCT
emaj-196	147	18	2015	2015	NUM
emaj-196	147	19	)	)	PUNCT
emaj-196	147	20	.	.	PUNCT
emaj-196	148	1	stock	stock	NOUN
emaj-196	148	2	price	price	NOUN
emaj-196	148	3	volatility	volatility	NOUN
emaj-196	148	4	and	and	CCONJ
emaj-196	148	5	dividend	dividend	NOUN
emaj-196	148	6	policy	policy	NOUN
emaj-196	148	7	in	in	ADP
emaj-196	148	8	jordanian	jordanian	ADJ
emaj-196	148	9	firms	firm	NOUN
emaj-196	148	10	.	.	PUNCT
emaj-196	149	1	research	research	NOUN
emaj-196	149	2	journal	journal	PROPN
emaj-196	149	3	of	of	ADP
emaj-196	149	4	finance	finance	NOUN
emaj-196	149	5	and	and	CCONJ
emaj-196	149	6	accounting	accounting	NOUN
emaj-196	149	7	,	,	PUNCT
emaj-196	149	8	6(22	6(22	NUM
emaj-196	149	9	)	)	PUNCT
emaj-196	149	10	,	,	PUNCT
emaj-196	149	11	15	15	NUM
emaj-196	149	12	-	-	SYM
emaj-196	149	13	22	22	NUM
emaj-196	149	14	.	.	PUNCT
emaj-196	150	1	volume	volume	NOUN
emaj-196	150	2	10	10	NUM
emaj-196	150	3	no	no	DET
emaj-196	150	4	2	2	NUM
emaj-196	150	5	(	(	PUNCT
emaj-196	150	6	2020	2020	NUM
emaj-196	150	7	)	)	PUNCT
emaj-196	150	8	|	|	ADV
emaj-196	150	9	issn	issn	VERB
emaj-196	150	10	2158	2158	NUM
emaj-196	150	11	-	-	SYM
emaj-196	150	12	8708	8708	NUM
emaj-196	150	13	(	(	PUNCT
emaj-196	150	14	online	online	NOUN
emaj-196	150	15	)	)	PUNCT
emaj-196	150	16	|	|	ADV
emaj-196	150	17	doi	doi	X
emaj-196	150	18	10.5195	10.5195	NUM
emaj-196	150	19	/	/	SYM
emaj-196	150	20	emaj.2020.196	emaj.2020.196	PROPN
emaj-196	151	1	|	|	ADV
emaj-196	151	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-196	151	3	samson	samson	PROPN
emaj-196	151	4	ogege	ogege	NOUN
emaj-196	151	5	emerging	emerge	VERB
emaj-196	151	6	markets	market	NOUN
emaj-196	151	7	journal	journal	NOUN
emaj-196	151	8	|	|	ADV
emaj-196	151	9	p	p	NOUN
emaj-196	151	10	a	a	DET
emaj-196	151	11	g	g	NOUN
emaj-196	151	12	e	e	NOUN
emaj-196	151	13	6	6	NUM
emaj-196	151	14	9	9	NUM
emaj-196	151	15	augustine	augustine	NOUN
emaj-196	151	16	,	,	PUNCT
emaj-196	151	17	n.	n.	PROPN
emaj-196	151	18	o.	o.	PROPN
emaj-196	151	19	,	,	PUNCT
emaj-196	151	20	odum	odum	PROPN
emaj-196	151	21	,	,	PUNCT
emaj-196	151	22	c.	c.	PROPN
emaj-196	151	23	g.	g.	PROPN
emaj-196	151	24	,	,	PUNCT
emaj-196	151	25	omeziri	omeziri	PROPN
emaj-196	151	26	,	,	PUNCT
emaj-196	151	27	r.	r.	PROPN
emaj-196	151	28	i.	i.	PROPN
emaj-196	151	29	and	and	CCONJ
emaj-196	151	30	chinedu	chinedu	PROPN
emaj-196	151	31	,	,	PUNCT
emaj-196	151	32	f.	f.	PROPN
emaj-196	151	33	e.	e.	PROPN
emaj-196	151	34	(	(	PUNCT
emaj-196	151	35	2019	2019	NUM
emaj-196	151	36	)	)	PUNCT
emaj-196	151	37	.	.	PUNCT
emaj-196	152	1	impact	impact	NOUN
emaj-196	152	2	of	of	ADP
emaj-196	152	3	dividend	dividend	NOUN
emaj-196	152	4	payout	payout	NOUN
emaj-196	152	5	ratio	ratio	NOUN
emaj-196	152	6	on	on	ADP
emaj-196	152	7	the	the	DET
emaj-196	152	8	value	value	NOUN
emaj-196	152	9	of	of	ADP
emaj-196	152	10	firm	firm	NOUN
emaj-196	152	11	:	:	PUNCT
emaj-196	152	12	a	a	DET
emaj-196	152	13	study	study	NOUN
emaj-196	152	14	of	of	ADP
emaj-196	152	15	companies	company	NOUN
emaj-196	152	16	listed	list	VERB
emaj-196	152	17	on	on	ADP
emaj-196	152	18	the	the	DET
emaj-196	152	19	nigerian	nigerian	ADJ
emaj-196	152	20	stock	stock	NOUN
emaj-196	152	21	exchange	exchange	PROPN
emaj-196	152	22	.	.	PUNCT
emaj-196	153	1	indonesian	indonesian	ADJ
emaj-196	153	2	journal	journal	PROPN
emaj-196	153	3	of	of	ADP
emaj-196	153	4	contemporary	contemporary	PROPN
emaj-196	153	5	management	management	NOUN
emaj-196	153	6	research	research	NOUN
emaj-196	153	7	,	,	PUNCT
emaj-196	153	8	vol	vol	NOUN
emaj-196	153	9	.	.	PROPN
emaj-196	153	10	1	1	NUM
emaj-196	153	11	,	,	PUNCT
emaj-196	153	12	no	no	INTJ
emaj-196	153	13	.	.	NOUN
emaj-196	153	14	1	1	NUM
emaj-196	153	15	,	,	PUNCT
emaj-196	153	16	pp	pp	ADJ
emaj-196	153	17	.	.	PUNCT
emaj-196	154	1	25	25	NUM
emaj-196	154	2	-	-	SYM
emaj-196	154	3	34	34	NUM
emaj-196	154	4	.	.	PUNCT
emaj-196	154	5	freshia	freshia	PROPN
emaj-196	154	6	,	,	PUNCT
emaj-196	154	7	m.	m.	NOUN
emaj-196	154	8	w.	w.	PROPN
emaj-196	154	9	and	and	CCONJ
emaj-196	154	10	pauline	pauline	PROPN
emaj-196	154	11	,	,	PUNCT
emaj-196	154	12	a.	a.	NOUN
emaj-196	154	13	o.	o.	PROPN
emaj-196	154	14	(	(	PUNCT
emaj-196	154	15	2016	2016	NUM
emaj-196	154	16	)	)	PUNCT
emaj-196	154	17	.	.	PUNCT
emaj-196	155	1	cash	cash	NOUN
emaj-196	155	2	dividend	dividend	NOUN
emaj-196	155	3	change	change	NOUN
emaj-196	155	4	announcement	announcement	NOUN
emaj-196	155	5	effect	effect	NOUN
emaj-196	155	6	on	on	ADP
emaj-196	155	7	share	share	NOUN
emaj-196	155	8	price	price	NOUN
emaj-196	155	9	returns	return	NOUN
emaj-196	155	10	:	:	PUNCT
emaj-196	155	11	evidence	evidence	NOUN
emaj-196	155	12	from	from	ADP
emaj-196	155	13	nairobi	nairobi	PROPN
emaj-196	155	14	securities	securities	PROPN
emaj-196	155	15	exchange	exchange	NOUN
emaj-196	155	16	.	.	PUNCT
emaj-196	156	1	the	the	DET
emaj-196	156	2	international	international	ADJ
emaj-196	156	3	journal	journal	NOUN
emaj-196	156	4	of	of	ADP
emaj-196	156	5	business	business	NOUN
emaj-196	156	6	and	and	CCONJ
emaj-196	156	7	finance	finance	NOUN
emaj-196	156	8	research	research	NOUN
emaj-196	156	9	,	,	PUNCT
emaj-196	156	10	vol	vol	NOUN
emaj-196	156	11	.	.	PROPN
emaj-196	156	12	10	10	NUM
emaj-196	156	13	,	,	PUNCT
emaj-196	156	14	no	no	INTJ
emaj-196	156	15	.	.	NOUN
emaj-196	156	16	3	3	NUM
emaj-196	156	17	,	,	PUNCT
emaj-196	156	18	pp	pp	ADJ
emaj-196	156	19	.	.	PUNCT
emaj-196	156	20	39	39	NUM
emaj-196	156	21	-	-	SYM
emaj-196	156	22	47	47	NUM
emaj-196	156	23	.	.	PUNCT
emaj-196	157	1	gordon	gordon	PROPN
emaj-196	157	2	,	,	PUNCT
emaj-196	157	3	m.	m.	NOUN
emaj-196	157	4	j.	j.	PROPN
emaj-196	157	5	(	(	PUNCT
emaj-196	157	6	1959	1959	NUM
emaj-196	157	7	)	)	PUNCT
emaj-196	157	8	.	.	PUNCT
emaj-196	158	1	dividends	dividend	NOUN
emaj-196	158	2	,	,	PUNCT
emaj-196	158	3	earnings	earning	NOUN
emaj-196	158	4	and	and	CCONJ
emaj-196	158	5	stock	stock	NOUN
emaj-196	158	6	prices	price	NOUN
emaj-196	158	7	.	.	PUNCT
emaj-196	159	1	review	review	NOUN
emaj-196	159	2	of	of	ADP
emaj-196	159	3	economics	economic	NOUN
emaj-196	159	4	and	and	CCONJ
emaj-196	159	5	statistics	statistic	NOUN
emaj-196	159	6	,	,	PUNCT
emaj-196	159	7	vol	vol	NOUN
emaj-196	159	8	.	.	PROPN
emaj-196	159	9	41	41	NUM
emaj-196	159	10	,	,	PUNCT
emaj-196	159	11	no	no	INTJ
emaj-196	159	12	.	.	PUNCT
emaj-196	160	1	(	(	PUNCT
emaj-196	160	2	2	2	NUM
emaj-196	160	3	)	)	PUNCT
emaj-196	160	4	,	,	PUNCT
emaj-196	160	5	pp	pp	PROPN
emaj-196	160	6	.	.	PUNCT
emaj-196	161	1	99	99	NUM
emaj-196	161	2	-	-	SYM
emaj-196	161	3	105	105	NUM
emaj-196	161	4	.	.	PUNCT
emaj-196	162	1	gordon	gordon	PROPN
emaj-196	162	2	,	,	PUNCT
emaj-196	162	3	m.	m.	NOUN
emaj-196	162	4	j.	j.	PROPN
emaj-196	162	5	(	(	PUNCT
emaj-196	162	6	1963	1963	NUM
emaj-196	162	7	)	)	PUNCT
emaj-196	162	8	.	.	PUNCT
emaj-196	163	1	optimal	optimal	ADJ
emaj-196	163	2	investment	investment	NOUN
emaj-196	163	3	and	and	CCONJ
emaj-196	163	4	financing	financing	NOUN
emaj-196	163	5	policy	policy	NOUN
emaj-196	163	6	.	.	PUNCT
emaj-196	164	1	journal	journal	PROPN
emaj-196	164	2	of	of	ADP
emaj-196	164	3	finance	finance	NOUN
emaj-196	164	4	,	,	PUNCT
emaj-196	164	5	18(2	18(2	NUM
emaj-196	164	6	)	)	PUNCT
emaj-196	164	7	,	,	PUNCT
emaj-196	164	8	pp	pp	ADP
emaj-196	164	9	.	.	PUNCT
emaj-196	165	1	264	264	NUM
emaj-196	165	2	-	-	SYM
emaj-196	165	3	272	272	NUM
emaj-196	165	4	.	.	PUNCT
emaj-196	166	1	iqbal	iqbal	PROPN
emaj-196	166	2	,	,	PUNCT
emaj-196	166	3	a.	a.	PROPN
emaj-196	166	4	,	,	PUNCT
emaj-196	166	5	ahmed	ahmed	PROPN
emaj-196	166	6	,	,	PUNCT
emaj-196	166	7	f.	f.	PROPN
emaj-196	166	8	,	,	PUNCT
emaj-196	166	9	zaidi	zaidi	PROPN
emaj-196	166	10	,	,	PUNCT
emaj-196	166	11	s.s.z	s.s.z	NOUN
emaj-196	166	12	.	.	PROPN
emaj-196	166	13	and	and	CCONJ
emaj-196	166	14	raza	raza	PROPN
emaj-196	166	15	,	,	PUNCT
emaj-196	166	16	h.	h.	PROPN
emaj-196	166	17	(	(	PUNCT
emaj-196	166	18	2015	2015	NUM
emaj-196	166	19	)	)	PUNCT
emaj-196	166	20	.	.	PUNCT
emaj-196	167	1	determinants	determinant	NOUN
emaj-196	167	2	of	of	ADP
emaj-196	167	3	share	share	NOUN
emaj-196	167	4	prices	price	NOUN
emaj-196	167	5	,	,	PUNCT
emaj-196	167	6	evidence	evidence	NOUN
emaj-196	167	7	from	from	ADP
emaj-196	167	8	oil	oil	NOUN
emaj-196	167	9	and	and	CCONJ
emaj-196	167	10	gas	gas	NOUN
emaj-196	167	11	and	and	CCONJ
emaj-196	167	12	cement	cement	NOUN
emaj-196	167	13	sector	sector	NOUN
emaj-196	167	14	of	of	ADP
emaj-196	167	15	karachi	karachi	PROPN
emaj-196	167	16	stock	stock	PROPN
emaj-196	167	17	exchange	exchange	PROPN
emaj-196	167	18	(	(	PUNCT
emaj-196	167	19	a	a	DET
emaj-196	167	20	panel	panel	NOUN
emaj-196	167	21	data	datum	NOUN
emaj-196	167	22	approach	approach	NOUN
emaj-196	167	23	)	)	PUNCT
emaj-196	167	24	.	.	PUNCT
emaj-196	168	1	journal	journal	NOUN
emaj-196	168	2	of	of	ADP
emaj-196	168	3	poverty	poverty	NOUN
emaj-196	168	4	,	,	PUNCT
emaj-196	168	5	investment	investment	NOUN
emaj-196	168	6	and	and	CCONJ
emaj-196	168	7	development	development	NOUN
emaj-196	168	8	,	,	PUNCT
emaj-196	168	9	8(1	8(1	NOUN
emaj-196	168	10	)	)	PUNCT
emaj-196	168	11	,	,	PUNCT
emaj-196	168	12	14	14	NUM
emaj-196	168	13	-	-	SYM
emaj-196	168	14	19	19	NUM
emaj-196	168	15	.	.	PUNCT
emaj-196	168	16	ishfaq	ishfaq	NOUN
emaj-196	168	17	,	,	PUNCT
emaj-196	168	18	a.	a.	NOUN
emaj-196	168	19	(	(	PUNCT
emaj-196	168	20	2018	2018	NUM
emaj-196	168	21	)	)	PUNCT
emaj-196	168	22	.	.	PUNCT
emaj-196	169	1	impact	impact	NOUN
emaj-196	169	2	of	of	ADP
emaj-196	169	3	dividend	dividend	NOUN
emaj-196	169	4	per	per	ADP
emaj-196	169	5	share	share	NOUN
emaj-196	169	6	and	and	CCONJ
emaj-196	169	7	earnings	earning	NOUN
emaj-196	169	8	per	per	ADP
emaj-196	169	9	share	share	NOUN
emaj-196	169	10	on	on	ADP
emaj-196	169	11	stock	stock	NOUN
emaj-196	169	12	prices	price	NOUN
emaj-196	169	13	:	:	PUNCT
emaj-196	169	14	a	a	DET
emaj-196	169	15	case	case	NOUN
emaj-196	169	16	study	study	NOUN
emaj-196	169	17	from	from	ADP
emaj-196	169	18	pakistan	pakistan	PROPN
emaj-196	169	19	(	(	PUNCT
emaj-196	169	20	textile	textile	NOUN
emaj-196	169	21	sector	sector	NOUN
emaj-196	169	22	)	)	PUNCT
emaj-196	169	23	.	.	PUNCT
emaj-196	170	1	international	international	ADJ
emaj-196	170	2	journal	journal	PROPN
emaj-196	170	3	of	of	ADP
emaj-196	170	4	social	social	ADJ
emaj-196	170	5	sciences	science	NOUN
emaj-196	170	6	,	,	PUNCT
emaj-196	170	7	humanities	humanity	NOUN
emaj-196	170	8	and	and	CCONJ
emaj-196	170	9	education	education	NOUN
emaj-196	170	10	,	,	PUNCT
emaj-196	170	11	vol	vol	NOUN
emaj-196	170	12	.	.	PROPN
emaj-196	170	13	2	2	NUM
emaj-196	170	14	,	,	PUNCT
emaj-196	170	15	no	no	INTJ
emaj-196	170	16	.	.	NOUN
emaj-196	170	17	2	2	NUM
emaj-196	170	18	.	.	X
emaj-196	170	19	jakata	jakata	NOUN
emaj-196	170	20	,	,	PUNCT
emaj-196	170	21	o.	o.	INTJ
emaj-196	170	22	,	,	PUNCT
emaj-196	170	23	and	and	CCONJ
emaj-196	170	24	nyamugure	nyamugure	NOUN
emaj-196	170	25	,	,	PUNCT
emaj-196	170	26	p.	p.	NOUN
emaj-196	170	27	(	(	PUNCT
emaj-196	170	28	2015	2015	NUM
emaj-196	170	29	)	)	PUNCT
emaj-196	170	30	.	.	PUNCT
emaj-196	171	1	the	the	DET
emaj-196	171	2	effects	effect	NOUN
emaj-196	171	3	of	of	ADP
emaj-196	171	4	dividend	dividend	NOUN
emaj-196	171	5	policy	policy	NOUN
emaj-196	171	6	on	on	ADP
emaj-196	171	7	share	share	NOUN
emaj-196	171	8	prices	price	NOUN
emaj-196	171	9	:	:	PUNCT
emaj-196	171	10	empirical	empirical	ADJ
emaj-196	171	11	evidence	evidence	NOUN
emaj-196	171	12	from	from	ADP
emaj-196	171	13	the	the	DET
emaj-196	171	14	zimbabwe	zimbabwe	PROPN
emaj-196	171	15	stock	stock	PROPN
emaj-196	171	16	exchange	exchange	PROPN
emaj-196	171	17	.	.	PUNCT
emaj-196	172	1	international	international	ADJ
emaj-196	172	2	journal	journal	PROPN
emaj-196	172	3	of	of	ADP
emaj-196	172	4	science	science	NOUN
emaj-196	172	5	and	and	CCONJ
emaj-196	172	6	research	research	NOUN
emaj-196	172	7	,	,	PUNCT
emaj-196	172	8	4(10	4(10	NUM
emaj-196	172	9	)	)	PUNCT
emaj-196	172	10	,	,	PUNCT
emaj-196	172	11	674	674	NUM
emaj-196	172	12	-	-	SYM
emaj-196	172	13	683	683	NUM
emaj-196	172	14	.	.	PUNCT
emaj-196	173	1	joseph	joseph	PROPN
emaj-196	173	2	,	,	PUNCT
emaj-196	173	3	k.	k.	PROPN
emaj-196	173	4	c.	c.	PROPN
emaj-196	173	5	and	and	CCONJ
emaj-196	173	6	symon	symon	PROPN
emaj-196	173	7	,	,	PUNCT
emaj-196	173	8	k.	k.	PROPN
emaj-196	173	9	k.	k.	PROPN
emaj-196	173	10	(	(	PUNCT
emaj-196	173	11	2017	2017	NUM
emaj-196	173	12	)	)	PUNCT
emaj-196	173	13	.	.	PUNCT
emaj-196	174	1	effect	effect	NOUN
emaj-196	174	2	of	of	ADP
emaj-196	174	3	dividend	dividend	NOUN
emaj-196	174	4	policy	policy	NOUN
emaj-196	174	5	on	on	ADP
emaj-196	174	6	share	share	NOUN
emaj-196	174	7	price	price	NOUN
emaj-196	174	8	performance	performance	NOUN
emaj-196	174	9	:	:	PUNCT
emaj-196	174	10	a	a	DET
emaj-196	174	11	case	case	NOUN
emaj-196	174	12	of	of	ADP
emaj-196	174	13	listed	list	VERB
emaj-196	174	14	insurance	insurance	NOUN
emaj-196	174	15	companies	company	NOUN
emaj-196	174	16	at	at	ADP
emaj-196	174	17	the	the	DET
emaj-196	174	18	nairobi	nairobi	PROPN
emaj-196	174	19	securities	securities	PROPN
emaj-196	174	20	exchange	exchange	PROPN
emaj-196	174	21	,	,	PUNCT
emaj-196	174	22	kenya	kenya	PROPN
emaj-196	174	23	.	.	PUNCT
emaj-196	175	1	international	international	ADJ
emaj-196	175	2	journal	journal	PROPN
emaj-196	175	3	of	of	ADP
emaj-196	175	4	accounting	accounting	NOUN
emaj-196	175	5	,	,	PUNCT
emaj-196	175	6	finance	finance	NOUN
emaj-196	175	7	and	and	CCONJ
emaj-196	175	8	risk	risk	NOUN
emaj-196	175	9	management	management	NOUN
emaj-196	175	10	.	.	PUNCT
emaj-196	176	1	vol	vol	NOUN
emaj-196	176	2	.	.	PROPN
emaj-196	177	1	2	2	NUM
emaj-196	177	2	,	,	PUNCT
emaj-196	177	3	no	no	INTJ
emaj-196	177	4	.	.	NOUN
emaj-196	177	5	3	3	NUM
emaj-196	177	6	,	,	PUNCT
emaj-196	177	7	pp	pp	ADJ
emaj-196	177	8	.	.	PUNCT
emaj-196	178	1	98106	98106	NUM
emaj-196	178	2	.	.	PUNCT
emaj-196	179	1	lintner	lintner	PROPN
emaj-196	179	2	,	,	PUNCT
emaj-196	179	3	j.	j.	PROPN
emaj-196	179	4	(	(	PUNCT
emaj-196	179	5	1956	1956	NUM
emaj-196	179	6	)	)	PUNCT
emaj-196	179	7	.	.	PUNCT
emaj-196	180	1	distribution	distribution	NOUN
emaj-196	180	2	of	of	ADP
emaj-196	180	3	incomes	income	NOUN
emaj-196	180	4	of	of	ADP
emaj-196	180	5	corporations	corporation	NOUN
emaj-196	180	6	among	among	ADP
emaj-196	180	7	dividends	dividend	NOUN
emaj-196	180	8	,	,	PUNCT
emaj-196	180	9	retained	retain	VERB
emaj-196	180	10	earnings	earning	NOUN
emaj-196	180	11	,	,	PUNCT
emaj-196	180	12	and	and	CCONJ
emaj-196	180	13	taxes	taxis	NOUN
emaj-196	180	14	,	,	PUNCT
emaj-196	180	15	american	american	PROPN
emaj-196	180	16	economic	economic	PROPN
emaj-196	180	17	review	review	PROPN
emaj-196	180	18	,	,	PUNCT
emaj-196	180	19	46	46	NUM
emaj-196	180	20	(	(	PUNCT
emaj-196	180	21	2	2	NUM
emaj-196	180	22	)	)	PUNCT
emaj-196	180	23	,	,	PUNCT
emaj-196	180	24	pp	pp	PROPN
emaj-196	180	25	.	.	PUNCT
emaj-196	181	1	97	97	NUM
emaj-196	181	2	-	-	SYM
emaj-196	181	3	113	113	NUM
emaj-196	181	4	.	.	PUNCT
emaj-196	182	1	miller	miller	PROPN
emaj-196	182	2	,	,	PUNCT
emaj-196	182	3	m.	m.	PROPN
emaj-196	182	4	h.	h.	PROPN
emaj-196	182	5	,	,	PUNCT
emaj-196	182	6	and	and	CCONJ
emaj-196	182	7	modigliani	modigliani	PROPN
emaj-196	182	8	,	,	PUNCT
emaj-196	182	9	f.	f.	PROPN
emaj-196	182	10	(	(	PUNCT
emaj-196	182	11	1961	1961	NUM
emaj-196	182	12	)	)	PUNCT
emaj-196	182	13	.	.	PUNCT
emaj-196	183	1	"	"	PUNCT
emaj-196	183	2	dividend	dividend	NOUN
emaj-196	183	3	policy	policy	NOUN
emaj-196	183	4	,	,	PUNCT
emaj-196	183	5	growth	growth	NOUN
emaj-196	183	6	and	and	CCONJ
emaj-196	183	7	valuation	valuation	NOUN
emaj-196	183	8	of	of	ADP
emaj-196	183	9	shares	share	NOUN
emaj-196	183	10	"	"	PUNCT
emaj-196	183	11	,	,	PUNCT
emaj-196	183	12	journal	journal	NOUN
emaj-196	183	13	of	of	ADP
emaj-196	183	14	business.(34	business.(34	PROPN
emaj-196	183	15	)	)	PUNCT
emaj-196	183	16	,	,	PUNCT
emaj-196	183	17	411	411	NUM
emaj-196	183	18	-	-	SYM
emaj-196	183	19	33	33	NUM
emaj-196	183	20	.	.	PUNCT
emaj-196	184	1	muhannad	muhannad	NOUN
emaj-196	184	2	,	,	PUNCT
emaj-196	184	3	a.	a.	NOUN
emaj-196	184	4	a.	a.	PROPN
emaj-196	184	5	,	,	PUNCT
emaj-196	184	6	ashraf	ashraf	PROPN
emaj-196	184	7	,	,	PUNCT
emaj-196	184	8	m.	m.	NOUN
emaj-196	184	9	s.	s.	PROPN
emaj-196	184	10	a.	a.	PROPN
emaj-196	184	11	and	and	CCONJ
emaj-196	184	12	hussein	hussein	PROPN
emaj-196	184	13	,	,	PUNCT
emaj-196	184	14	m.	m.	NOUN
emaj-196	184	15	a.	a.	NOUN
emaj-196	184	16	(	(	PUNCT
emaj-196	184	17	2018	2018	NUM
emaj-196	184	18	)	)	PUNCT
emaj-196	184	19	.	.	PUNCT
emaj-196	185	1	the	the	DET
emaj-196	185	2	effect	effect	NOUN
emaj-196	185	3	of	of	ADP
emaj-196	185	4	dividend	dividend	NOUN
emaj-196	185	5	policy	policy	NOUN
emaj-196	185	6	on	on	ADP
emaj-196	185	7	stock	stock	NOUN
emaj-196	185	8	price	price	NOUN
emaj-196	185	9	volatility	volatility	NOUN
emaj-196	185	10	:	:	PUNCT
emaj-196	185	11	empirical	empirical	ADJ
emaj-196	185	12	evidence	evidence	NOUN
emaj-196	185	13	from	from	ADP
emaj-196	185	14	amman	amman	PROPN
emaj-196	185	15	stock	stock	PROPN
emaj-196	185	16	exchange	exchange	PROPN
emaj-196	185	17	.	.	PUNCT
emaj-196	186	1	academy	academy	NOUN
emaj-196	186	2	of	of	ADP
emaj-196	186	3	accounting	accounting	PROPN
emaj-196	186	4	and	and	CCONJ
emaj-196	186	5	financial	financial	ADJ
emaj-196	186	6	studies	study	NOUN
emaj-196	186	7	journal	journal	NOUN
emaj-196	186	8	,	,	PUNCT
emaj-196	186	9	vol	vol	NOUN
emaj-196	186	10	.	.	PROPN
emaj-196	186	11	22	22	NUM
emaj-196	186	12	,	,	PUNCT
emaj-196	186	13	no	no	INTJ
emaj-196	186	14	.	.	NOUN
emaj-196	186	15	2	2	NUM
emaj-196	186	16	,	,	PUNCT
emaj-196	186	17	pp	pp	ADJ
emaj-196	186	18	.	.	PUNCT
emaj-196	187	1	1	1	NUM
emaj-196	187	2	-	-	SYM
emaj-196	187	3	8	8	NUM
emaj-196	187	4	.	.	PUNCT
emaj-196	188	1	sharma	sharma	PROPN
emaj-196	188	2	s.	s.	PROPN
emaj-196	188	3	(	(	PUNCT
emaj-196	188	4	2011	2011	NUM
emaj-196	188	5	)	)	PUNCT
emaj-196	188	6	.	.	PUNCT
emaj-196	189	1	determinants	determinant	NOUN
emaj-196	189	2	of	of	ADP
emaj-196	189	3	equity	equity	NOUN
emaj-196	189	4	share	share	NOUN
emaj-196	189	5	price	price	NOUN
emaj-196	189	6	in	in	ADP
emaj-196	189	7	india	india	PROPN
emaj-196	189	8	.	.	PUNCT
emaj-196	190	1	journal	journal	PROPN
emaj-196	190	2	of	of	ADP
emaj-196	190	3	arts	art	NOUN
emaj-196	190	4	,	,	PUNCT
emaj-196	190	5	science	science	NOUN
emaj-196	190	6	and	and	CCONJ
emaj-196	190	7	commerce	commerce	NOUN
emaj-196	190	8	.	.	PUNCT
emaj-196	191	1	2(4	2(4	NUM
emaj-196	191	2	)	)	PUNCT
emaj-196	191	3	,	,	PUNCT
emaj-196	191	4	51	51	NUM
emaj-196	191	5	-	-	SYM
emaj-196	191	6	60	60	NUM
emaj-196	191	7	.	.	PUNCT