id	sid	tid	token	lemma	pos
emaj-33	1	1	emerging	emerge	VERB
emaj-33	1	2	markets	market	NOUN
emaj-33	1	3	journal	journal	VERB
emaj-33	1	4	corporate	corporate	ADJ
emaj-33	1	5	governance	governance	NOUN
emaj-33	1	6	and	and	CCONJ
emaj-33	1	7	disclosure	disclosure	NOUN
emaj-33	1	8	quality	quality	NOUN
emaj-33	1	9	:	:	PUNCT
emaj-33	1	10	taxonomy	taxonomy	NOUN
emaj-33	1	11	of	of	ADP
emaj-33	1	12	tunisian	tunisian	ADJ
emaj-33	1	13	listed	list	VERB
emaj-33	1	14	firms	firm	NOUN
emaj-33	1	15	using	use	VERB
emaj-33	1	16	the	the	DET
emaj-33	1	17	decision	decision	NOUN
emaj-33	1	18	tree	tree	NOUN
emaj-33	1	19	method	method	NOUN
emaj-33	1	20	based	base	VERB
emaj-33	1	21	approach	approach	PROPN
emaj-33	1	22	dr	dr	PROPN
emaj-33	1	23	.	.	PROPN
emaj-33	1	24	wided	wide	VERB
emaj-33	1	25	khiari	khiari	PROPN
emaj-33	1	26	universitaire	universitaire	PROPN
emaj-33	1	27	de	de	X
emaj-33	1	28	jendouba	jendouba	PROPN
emaj-33	1	29	(	(	PUNCT
emaj-33	1	30	jendouba	jendouba	PROPN
emaj-33	1	31	university	university	PROPN
emaj-33	1	32	)	)	PUNCT
emaj-33	2	1	|	|	ADV
emaj-33	2	2	e	e	NOUN
emaj-33	2	3	-	-	NOUN
emaj-33	2	4	mail	mail	NOUN
emaj-33	2	5	:	:	PUNCT
emaj-33	2	6	khiariwided@yahoo.fr	khiariwided@yahoo.fr	PROPN
emaj-33	2	7	abstract	abstract	NOUN
emaj-33	2	8	this	this	DET
emaj-33	2	9	study	study	NOUN
emaj-33	2	10	aims	aim	VERB
emaj-33	2	11	to	to	PART
emaj-33	2	12	establish	establish	VERB
emaj-33	2	13	a	a	DET
emaj-33	2	14	typology	typology	NOUN
emaj-33	2	15	of	of	ADP
emaj-33	2	16	tunisian	tunisian	ADJ
emaj-33	2	17	listed	list	VERB
emaj-33	2	18	firms	firm	NOUN
emaj-33	2	19	according	accord	VERB
emaj-33	2	20	to	to	ADP
emaj-33	2	21	their	their	PRON
emaj-33	2	22	corporate	corporate	ADJ
emaj-33	2	23	governance	governance	NOUN
emaj-33	2	24	characteristics	characteristic	NOUN
emaj-33	2	25	and	and	CCONJ
emaj-33	2	26	disclosure	disclosure	NOUN
emaj-33	2	27	quality	quality	NOUN
emaj-33	2	28	.	.	PUNCT
emaj-33	3	1	the	the	DET
emaj-33	3	2	paper	paper	NOUN
emaj-33	3	3	uses	uses	AUX
emaj-33	3	4	disclosed	disclose	VERB
emaj-33	3	5	scores	score	NOUN
emaj-33	3	6	to	to	PART
emaj-33	3	7	examine	examine	VERB
emaj-33	3	8	corporate	corporate	ADJ
emaj-33	3	9	governance	governance	NOUN
emaj-33	3	10	practices	practice	NOUN
emaj-33	3	11	of	of	ADP
emaj-33	3	12	tunisian	tunisian	ADJ
emaj-33	3	13	listed	list	VERB
emaj-33	3	14	firms	firm	NOUN
emaj-33	3	15	.	.	PUNCT
emaj-33	4	1	a	a	DET
emaj-33	4	2	content	content	NOUN
emaj-33	4	3	analysis	analysis	NOUN
emaj-33	4	4	of	of	ADP
emaj-33	4	5	46	46	NUM
emaj-33	4	6	tunisian	tunisian	ADJ
emaj-33	4	7	listed	list	VERB
emaj-33	4	8	firms	firm	NOUN
emaj-33	4	9	from	from	ADP
emaj-33	4	10	2001	2001	NUM
emaj-33	4	11	to	to	ADP
emaj-33	4	12	2010	2010	NUM
emaj-33	4	13	has	have	AUX
emaj-33	4	14	been	be	AUX
emaj-33	4	15	carried	carry	VERB
emaj-33	4	16	out	out	ADP
emaj-33	4	17	and	and	CCONJ
emaj-33	4	18	a	a	DET
emaj-33	4	19	disclosure	disclosure	NOUN
emaj-33	4	20	index	index	NOUN
emaj-33	4	21	developed	develop	VERB
emaj-33	4	22	to	to	PART
emaj-33	4	23	determine	determine	VERB
emaj-33	4	24	the	the	DET
emaj-33	4	25	level	level	NOUN
emaj-33	4	26	of	of	ADP
emaj-33	4	27	disclosure	disclosure	NOUN
emaj-33	4	28	of	of	ADP
emaj-33	4	29	the	the	DET
emaj-33	4	30	companies	company	NOUN
emaj-33	4	31	.	.	PUNCT
emaj-33	5	1	the	the	DET
emaj-33	5	2	disclosure	disclosure	NOUN
emaj-33	5	3	quality	quality	NOUN
emaj-33	5	4	is	be	AUX
emaj-33	5	5	appreciated	appreciate	VERB
emaj-33	5	6	through	through	ADP
emaj-33	5	7	the	the	DET
emaj-33	5	8	quantity	quantity	NOUN
emaj-33	5	9	and	and	CCONJ
emaj-33	5	10	also	also	ADV
emaj-33	5	11	through	through	ADP
emaj-33	5	12	the	the	DET
emaj-33	5	13	nature	nature	NOUN
emaj-33	5	14	(	(	PUNCT
emaj-33	5	15	type	type	NOUN
emaj-33	5	16	)	)	PUNCT
emaj-33	5	17	of	of	ADP
emaj-33	5	18	information	information	NOUN
emaj-33	5	19	disclosed	disclose	VERB
emaj-33	5	20	.	.	PUNCT
emaj-33	6	1	applying	apply	VERB
emaj-33	6	2	the	the	DET
emaj-33	6	3	decision	decision	NOUN
emaj-33	6	4	tree	tree	NOUN
emaj-33	6	5	method	method	NOUN
emaj-33	6	6	,	,	PUNCT
emaj-33	6	7	the	the	DET
emaj-33	6	8	obtained	obtain	VERB
emaj-33	6	9	tree	tree	NOUN
emaj-33	6	10	diagrams	diagram	NOUN
emaj-33	6	11	provide	provide	VERB
emaj-33	6	12	ways	way	NOUN
emaj-33	6	13	to	to	PART
emaj-33	6	14	know	know	VERB
emaj-33	6	15	the	the	DET
emaj-33	6	16	characteristics	characteristic	NOUN
emaj-33	6	17	of	of	ADP
emaj-33	6	18	a	a	DET
emaj-33	6	19	particular	particular	ADJ
emaj-33	6	20	firm	firm	NOUN
emaj-33	6	21	regardless	regardless	ADV
emaj-33	6	22	of	of	ADP
emaj-33	6	23	its	its	PRON
emaj-33	6	24	level	level	NOUN
emaj-33	6	25	of	of	ADP
emaj-33	6	26	disclosure	disclosure	NOUN
emaj-33	6	27	.	.	PUNCT
emaj-33	7	1	obtained	obtain	VERB
emaj-33	7	2	results	result	NOUN
emaj-33	7	3	show	show	VERB
emaj-33	7	4	that	that	SCONJ
emaj-33	7	5	the	the	DET
emaj-33	7	6	characteristics	characteristic	NOUN
emaj-33	7	7	of	of	ADP
emaj-33	7	8	corporate	corporate	ADJ
emaj-33	7	9	governance	governance	NOUN
emaj-33	7	10	to	to	PART
emaj-33	7	11	achieve	achieve	VERB
emaj-33	7	12	good	good	ADJ
emaj-33	7	13	quality	quality	NOUN
emaj-33	7	14	of	of	ADP
emaj-33	7	15	disclosure	disclosure	NOUN
emaj-33	7	16	are	be	AUX
emaj-33	7	17	not	not	PART
emaj-33	7	18	unique	unique	ADJ
emaj-33	7	19	for	for	ADP
emaj-33	7	20	all	all	DET
emaj-33	7	21	firms	firm	NOUN
emaj-33	7	22	.	.	PUNCT
emaj-33	8	1	these	these	DET
emaj-33	8	2	structures	structure	NOUN
emaj-33	8	3	are	be	AUX
emaj-33	8	4	not	not	PART
emaj-33	8	5	necessarily	necessarily	ADV
emaj-33	8	6	all	all	PRON
emaj-33	8	7	of	of	ADP
emaj-33	8	8	the	the	DET
emaj-33	8	9	recommendations	recommendation	NOUN
emaj-33	8	10	of	of	ADP
emaj-33	8	11	best	good	ADJ
emaj-33	8	12	practices	practice	NOUN
emaj-33	8	13	,	,	PUNCT
emaj-33	8	14	but	but	CCONJ
emaj-33	8	15	converge	converge	VERB
emaj-33	8	16	towards	towards	ADP
emaj-33	8	17	the	the	DET
emaj-33	8	18	best	good	ADJ
emaj-33	8	19	combination	combination	NOUN
emaj-33	8	20	.	.	PUNCT
emaj-33	9	1	indeed	indeed	ADV
emaj-33	9	2	,	,	PUNCT
emaj-33	9	3	in	in	ADP
emaj-33	9	4	practice	practice	NOUN
emaj-33	9	5	,	,	PUNCT
emaj-33	9	6	there	there	PRON
emaj-33	9	7	are	be	VERB
emaj-33	9	8	companies	company	NOUN
emaj-33	9	9	which	which	PRON
emaj-33	9	10	have	have	VERB
emaj-33	9	11	a	a	DET
emaj-33	9	12	good	good	ADJ
emaj-33	9	13	quality	quality	NOUN
emaj-33	9	14	of	of	ADP
emaj-33	9	15	disclosure	disclosure	NOUN
emaj-33	9	16	but	but	CCONJ
emaj-33	9	17	are	be	AUX
emaj-33	9	18	not	not	PART
emaj-33	9	19	well	well	ADV
emaj-33	9	20	governed	govern	VERB
emaj-33	9	21	.	.	PUNCT
emaj-33	10	1	however	however	ADV
emaj-33	10	2	,	,	PUNCT
emaj-33	10	3	we	we	PRON
emaj-33	10	4	hope	hope	VERB
emaj-33	10	5	that	that	SCONJ
emaj-33	10	6	by	by	ADP
emaj-33	10	7	improving	improve	VERB
emaj-33	10	8	their	their	PRON
emaj-33	10	9	governance	governance	NOUN
emaj-33	10	10	system	system	NOUN
emaj-33	10	11	their	their	PRON
emaj-33	10	12	level	level	NOUN
emaj-33	10	13	of	of	ADP
emaj-33	10	14	disclosure	disclosure	NOUN
emaj-33	10	15	may	may	AUX
emaj-33	10	16	be	be	AUX
emaj-33	10	17	better	well	ADJ
emaj-33	10	18	.	.	PUNCT
emaj-33	11	1	these	these	DET
emaj-33	11	2	findings	finding	NOUN
emaj-33	11	3	show	show	VERB
emaj-33	11	4	,	,	PUNCT
emaj-33	11	5	in	in	ADP
emaj-33	11	6	a	a	DET
emaj-33	11	7	general	general	ADJ
emaj-33	11	8	way	way	NOUN
emaj-33	11	9	,	,	PUNCT
emaj-33	11	10	a	a	DET
emaj-33	11	11	convergence	convergence	NOUN
emaj-33	11	12	towards	towards	ADP
emaj-33	11	13	the	the	DET
emaj-33	11	14	standards	standard	NOUN
emaj-33	11	15	of	of	ADP
emaj-33	11	16	corporate	corporate	ADJ
emaj-33	11	17	governance	governance	NOUN
emaj-33	11	18	with	with	ADP
emaj-33	11	19	a	a	DET
emaj-33	11	20	few	few	ADJ
emaj-33	11	21	exceptions	exception	NOUN
emaj-33	11	22	related	relate	VERB
emaj-33	11	23	to	to	ADP
emaj-33	11	24	the	the	DET
emaj-33	11	25	specificity	specificity	NOUN
emaj-33	11	26	of	of	ADP
emaj-33	11	27	tunisian	tunisian	ADJ
emaj-33	11	28	listed	list	VERB
emaj-33	11	29	firms	firm	NOUN
emaj-33	11	30	and	and	CCONJ
emaj-33	11	31	show	show	VERB
emaj-33	11	32	the	the	DET
emaj-33	11	33	need	need	NOUN
emaj-33	11	34	for	for	ADP
emaj-33	11	35	the	the	DET
emaj-33	11	36	adoption	adoption	NOUN
emaj-33	11	37	of	of	ADP
emaj-33	11	38	a	a	DET
emaj-33	11	39	code	code	NOUN
emaj-33	11	40	for	for	ADP
emaj-33	11	41	each	each	DET
emaj-33	11	42	context	context	NOUN
emaj-33	11	43	.	.	PUNCT
emaj-33	12	1	these	these	DET
emaj-33	12	2	findings	finding	NOUN
emaj-33	12	3	shed	shed	VERB
emaj-33	12	4	the	the	DET
emaj-33	12	5	light	light	NOUN
emaj-33	12	6	on	on	ADP
emaj-33	12	7	corporate	corporate	ADJ
emaj-33	12	8	governance	governance	NOUN
emaj-33	12	9	features	feature	NOUN
emaj-33	12	10	that	that	PRON
emaj-33	12	11	enhance	enhance	VERB
emaj-33	12	12	incentives	incentive	NOUN
emaj-33	12	13	for	for	ADP
emaj-33	12	14	good	good	ADJ
emaj-33	12	15	disclosure	disclosure	NOUN
emaj-33	12	16	.	.	PUNCT
emaj-33	13	1	it	it	PRON
emaj-33	13	2	allows	allow	VERB
emaj-33	13	3	identifying	identify	VERB
emaj-33	13	4	,	,	PUNCT
emaj-33	13	5	for	for	ADP
emaj-33	13	6	each	each	DET
emaj-33	13	7	firm	firm	NOUN
emaj-33	13	8	and	and	CCONJ
emaj-33	13	9	in	in	ADP
emaj-33	13	10	any	any	DET
emaj-33	13	11	date	date	NOUN
emaj-33	13	12	,	,	PUNCT
emaj-33	13	13	corporate	corporate	ADJ
emaj-33	13	14	governance	governance	NOUN
emaj-33	13	15	determinants	determinant	NOUN
emaj-33	13	16	of	of	ADP
emaj-33	13	17	disclosure	disclosure	NOUN
emaj-33	13	18	quality	quality	NOUN
emaj-33	13	19	.	.	PUNCT
emaj-33	14	1	more	more	ADV
emaj-33	14	2	specifially	specifially	ADV
emaj-33	14	3	,	,	PUNCT
emaj-33	14	4	and	and	CCONJ
emaj-33	14	5	all	all	PRON
emaj-33	14	6	being	be	AUX
emaj-33	14	7	equal	equal	ADJ
emaj-33	14	8	,	,	PUNCT
emaj-33	14	9	obtained	obtain	VERB
emaj-33	14	10	tree	tree	NOUN
emaj-33	14	11	makes	make	VERB
emaj-33	14	12	a	a	DET
emaj-33	14	13	rule	rule	NOUN
emaj-33	14	14	of	of	ADP
emaj-33	14	15	decision	decision	NOUN
emaj-33	14	16	for	for	SCONJ
emaj-33	14	17	the	the	DET
emaj-33	14	18	company	company	NOUN
emaj-33	14	19	to	to	PART
emaj-33	14	20	know	know	VERB
emaj-33	14	21	the	the	DET
emaj-33	14	22	level	level	NOUN
emaj-33	14	23	of	of	ADP
emaj-33	14	24	disclosure	disclosure	NOUN
emaj-33	14	25	based	base	VERB
emaj-33	14	26	on	on	ADP
emaj-33	14	27	certain	certain	ADJ
emaj-33	14	28	characteristics	characteristic	NOUN
emaj-33	14	29	of	of	ADP
emaj-33	14	30	the	the	DET
emaj-33	14	31	governance	governance	NOUN
emaj-33	14	32	strategy	strategy	NOUN
emaj-33	14	33	adopted	adopt	VERB
emaj-33	14	34	by	by	ADP
emaj-33	14	35	the	the	DET
emaj-33	14	36	latter	latter	ADJ
emaj-33	14	37	.	.	PUNCT
emaj-33	15	1	keywords	keyword	NOUN
emaj-33	15	2	:	:	PUNCT
emaj-33	15	3	corporate	corporate	ADJ
emaj-33	15	4	governance	governance	NOUN
emaj-33	15	5	,	,	PUNCT
emaj-33	15	6	disclosure	disclosure	NOUN
emaj-33	15	7	,	,	PUNCT
emaj-33	15	8	decision	decision	NOUN
emaj-33	15	9	tree	tree	NOUN
emaj-33	15	10	new	new	ADJ
emaj-33	15	11	articles	article	NOUN
emaj-33	15	12	in	in	ADP
emaj-33	15	13	this	this	DET
emaj-33	15	14	journal	journal	NOUN
emaj-33	15	15	are	be	AUX
emaj-33	15	16	licensed	license	VERB
emaj-33	15	17	under	under	ADP
emaj-33	15	18	a	a	DET
emaj-33	15	19	creative	creative	ADJ
emaj-33	15	20	commons	common	NOUN
emaj-33	15	21	attribution	attribution	NOUN
emaj-33	15	22	3.0	3.0	NUM
emaj-33	15	23	united	unite	VERB
emaj-33	15	24	states	states	PROPN
emaj-33	15	25	license	license	NOUN
emaj-33	15	26	.	.	PUNCT
emaj-33	16	1	this	this	DET
emaj-33	16	2	journal	journal	NOUN
emaj-33	16	3	is	be	AUX
emaj-33	16	4	published	publish	VERB
emaj-33	16	5	by	by	ADP
emaj-33	16	6	the	the	DET
emaj-33	16	7	university	university	NOUN
emaj-33	16	8	library	library	NOUN
emaj-33	16	9	system	system	NOUN
emaj-33	16	10	of	of	ADP
emaj-33	16	11	the	the	DET
emaj-33	16	12	university	university	PROPN
emaj-33	16	13	of	of	ADP
emaj-33	16	14	pittsburgh	pittsburgh	PROPN
emaj-33	16	15	as	as	ADP
emaj-33	16	16	part	part	NOUN
emaj-33	16	17	of	of	ADP
emaj-33	16	18	its	its	PRON
emaj-33	16	19	d	d	NOUN
emaj-33	16	20	-	-	PUNCT
emaj-33	16	21	scribe	scribe	VERB
emaj-33	16	22	digital	digital	ADJ
emaj-33	16	23	publishing	publishing	NOUN
emaj-33	16	24	program	program	NOUN
emaj-33	16	25	,	,	PUNCT
emaj-33	16	26	and	and	CCONJ
emaj-33	16	27	is	be	AUX
emaj-33	16	28	cosponsored	cosponsor	VERB
emaj-33	16	29	by	by	ADP
emaj-33	16	30	the	the	DET
emaj-33	16	31	university	university	PROPN
emaj-33	16	32	of	of	ADP
emaj-33	16	33	pittsburgh	pittsburgh	PROPN
emaj-33	16	34	press	press	NOUN
emaj-33	16	35	.	.	PUNCT
emaj-33	17	1	volume	volume	NOUN
emaj-33	17	2	3	3	NUM
emaj-33	17	3	no	no	DET
emaj-33	17	4	2	2	NUM
emaj-33	17	5	(	(	PUNCT
emaj-33	17	6	2013	2013	NUM
emaj-33	17	7	)	)	PUNCT
emaj-33	17	8	|	|	ADV
emaj-33	17	9	issn	issn	VERB
emaj-33	17	10	2158	2158	NUM
emaj-33	17	11	-	-	SYM
emaj-33	17	12	8708	8708	NUM
emaj-33	17	13	(	(	PUNCT
emaj-33	17	14	online	online	NOUN
emaj-33	17	15	)	)	PUNCT
emaj-33	18	1	|	|	ADV
emaj-33	18	2	10.5195	10.5195	NUM
emaj-33	18	3	/	/	SYM
emaj-33	18	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	19	1	|	|	NOUN
emaj-33	19	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	19	3	|	|	ADV
emaj-33	19	4	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-33	19	5	mailto:khiariwided@yahoo.fr	mailto:khiariwided@yahoo.fr	PROPN
emaj-33	19	6	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-33	19	7	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-33	19	8	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-33	20	1	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-33	20	2	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-33	20	3	http://emaj.pitt.edu/	http://emaj.pitt.edu/	PROPN
emaj-33	20	4	dr	dr	PROPN
emaj-33	20	5	.	.	PROPN
emaj-33	20	6	wided	wide	VERB
emaj-33	20	7	khiari	khiari	PROPN
emaj-33	20	8	p	p	PROPN
emaj-33	21	1	a	a	DET
emaj-33	21	2	g	g	NOUN
emaj-33	21	3	e	e	NOUN
emaj-33	22	1	|	|	ADV
emaj-33	23	1	46|	46|	NUM
emaj-33	23	2	emerging	emerge	VERB
emaj-33	23	3	markets	market	NOUN
emaj-33	23	4	journal	journal	NOUN
emaj-33	23	5	volume	volume	NOUN
emaj-33	23	6	3	3	NUM
emaj-33	23	7	no	no	DET
emaj-33	23	8	2	2	NUM
emaj-33	23	9	(	(	PUNCT
emaj-33	23	10	2013	2013	NUM
emaj-33	23	11	)	)	PUNCT
emaj-33	24	1	|	|	ADV
emaj-33	24	2	issn	issn	VERB
emaj-33	24	3	2158	2158	NUM
emaj-33	24	4	-	-	SYM
emaj-33	24	5	8708	8708	NUM
emaj-33	24	6	(	(	PUNCT
emaj-33	24	7	online	online	NOUN
emaj-33	24	8	)	)	PUNCT
emaj-33	24	9	|	|	ADV
emaj-33	24	10	10.5195	10.5195	NUM
emaj-33	24	11	/	/	SYM
emaj-33	24	12	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	24	13	|	|	NOUN
emaj-33	24	14	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	24	15	corporate	corporate	ADJ
emaj-33	24	16	governance	governance	NOUN
emaj-33	24	17	and	and	CCONJ
emaj-33	24	18	disclosure	disclosure	NOUN
emaj-33	24	19	quality	quality	NOUN
emaj-33	24	20	:	:	PUNCT
emaj-33	24	21	taxonomy	taxonomy	NOUN
emaj-33	24	22	of	of	ADP
emaj-33	24	23	tunisian	tunisian	ADJ
emaj-33	24	24	listed	list	VERB
emaj-33	24	25	firms	firm	NOUN
emaj-33	24	26	using	use	VERB
emaj-33	24	27	the	the	DET
emaj-33	24	28	decision	decision	NOUN
emaj-33	24	29	tree	tree	NOUN
emaj-33	24	30	method	method	NOUN
emaj-33	24	31	based	base	VERB
emaj-33	24	32	approach	approach	PROPN
emaj-33	24	33	dr	dr	PROPN
emaj-33	24	34	.	.	PROPN
emaj-33	24	35	wided	wide	VERB
emaj-33	24	36	khiari	khiari	PROPN
emaj-33	24	37	1.introduction	1.introduction	NUM
emaj-33	24	38	the	the	DET
emaj-33	24	39	financial	financial	ADJ
emaj-33	24	40	scandals	scandal	NOUN
emaj-33	24	41	have	have	AUX
emaj-33	24	42	drawn	draw	VERB
emaj-33	24	43	the	the	DET
emaj-33	24	44	attention	attention	NOUN
emaj-33	24	45	of	of	ADP
emaj-33	24	46	regulators	regulator	NOUN
emaj-33	24	47	and	and	CCONJ
emaj-33	24	48	policymakers	policymaker	NOUN
emaj-33	24	49	,	,	PUNCT
emaj-33	24	50	especially	especially	ADV
emaj-33	24	51	in	in	ADP
emaj-33	24	52	the	the	DET
emaj-33	24	53	developing	develop	VERB
emaj-33	24	54	markets	market	NOUN
emaj-33	24	55	(	(	PUNCT
emaj-33	24	56	s&p	s&p	PROPN
emaj-33	24	57	,	,	PUNCT
emaj-33	24	58	2008	2008	NUM
emaj-33	24	59	;	;	PUNCT
emaj-33	24	60	mulili	mulili	NOUN
emaj-33	24	61	and	and	CCONJ
emaj-33	24	62	wong	wong	PROPN
emaj-33	24	63	,	,	PUNCT
emaj-33	24	64	2011	2011	NUM
emaj-33	24	65	;	;	PUNCT
emaj-33	24	66	feleaga	feleaga	NOUN
emaj-33	24	67	,	,	PUNCT
emaj-33	24	68	n.	n.	PROPN
emaj-33	24	69	and	and	CCONJ
emaj-33	24	70	al	al	PROPN
emaj-33	24	71	.	.	PROPN
emaj-33	24	72	,	,	PUNCT
emaj-33	24	73	2011	2011	NUM
emaj-33	24	74	;	;	PUNCT
emaj-33	24	75	shanikat	shanikat	NOUN
emaj-33	24	76	and	and	CCONJ
emaj-33	24	77	abbadi	abbadi	NOUN
emaj-33	24	78	,	,	PUNCT
emaj-33	24	79	2011	2011	NUM
emaj-33	24	80	and	and	CCONJ
emaj-33	24	81	erkens	erken	NOUN
emaj-33	24	82	and	and	CCONJ
emaj-33	24	83	hung	hung	PROPN
emaj-33	24	84	,	,	PUNCT
emaj-33	24	85	2012	2012	NUM
emaj-33	24	86	)	)	PUNCT
emaj-33	24	87	.	.	PUNCT
emaj-33	25	1	disclosure	disclosure	NOUN
emaj-33	25	2	and	and	CCONJ
emaj-33	25	3	transparency	transparency	NOUN
emaj-33	25	4	are	be	AUX
emaj-33	25	5	considered	consider	VERB
emaj-33	25	6	as	as	ADP
emaj-33	25	7	an	an	DET
emaj-33	25	8	important	important	ADJ
emaj-33	25	9	component	component	NOUN
emaj-33	25	10	and	and	CCONJ
emaj-33	25	11	one	one	NUM
emaj-33	25	12	of	of	ADP
emaj-33	25	13	the	the	DET
emaj-33	25	14	main	main	ADJ
emaj-33	25	15	indicators	indicator	NOUN
emaj-33	25	16	of	of	ADP
emaj-33	25	17	an	an	DET
emaj-33	25	18	effective	effective	ADJ
emaj-33	25	19	corporate	corporate	ADJ
emaj-33	25	20	governance	governance	NOUN
emaj-33	25	21	structure	structure	NOUN
emaj-33	25	22	.	.	PUNCT
emaj-33	26	1	indeed	indeed	ADV
emaj-33	26	2	,	,	PUNCT
emaj-33	26	3	according	accord	VERB
emaj-33	26	4	to	to	ADP
emaj-33	26	5	mangena	mangena	PROPN
emaj-33	26	6	&	&	CCONJ
emaj-33	26	7	tauringana	tauringana	PROPN
emaj-33	26	8	(	(	PUNCT
emaj-33	26	9	2007	2007	NUM
emaj-33	26	10	)	)	PUNCT
emaj-33	26	11	the	the	DET
emaj-33	26	12	issue	issue	NOUN
emaj-33	26	13	of	of	ADP
emaj-33	26	14	corporate	corporate	ADJ
emaj-33	26	15	governance	governance	NOUN
emaj-33	26	16	was	be	AUX
emaj-33	26	17	long	long	ADV
emaj-33	26	18	ignored	ignore	VERB
emaj-33	26	19	in	in	ADP
emaj-33	26	20	developing	develop	VERB
emaj-33	26	21	countries	country	NOUN
emaj-33	26	22	.	.	PUNCT
emaj-33	27	1	also	also	ADV
emaj-33	27	2	,	,	PUNCT
emaj-33	27	3	many	many	ADJ
emaj-33	27	4	studies	study	NOUN
emaj-33	27	5	tried	try	VERB
emaj-33	27	6	to	to	PART
emaj-33	27	7	examine	examine	VERB
emaj-33	27	8	the	the	DET
emaj-33	27	9	effect	effect	NOUN
emaj-33	27	10	of	of	ADP
emaj-33	27	11	one	one	NUM
emaj-33	27	12	or	or	CCONJ
emaj-33	27	13	several	several	ADJ
emaj-33	27	14	corporate	corporate	ADJ
emaj-33	27	15	governance	governance	NOUN
emaj-33	27	16	mechanisms	mechanism	NOUN
emaj-33	27	17	on	on	ADP
emaj-33	27	18	disclosure	disclosure	NOUN
emaj-33	27	19	quality	quality	NOUN
emaj-33	27	20	(	(	PUNCT
emaj-33	27	21	ho	ho	PROPN
emaj-33	27	22	and	and	CCONJ
emaj-33	27	23	wong	wong	PROPN
emaj-33	27	24	,	,	PUNCT
emaj-33	27	25	2001	2001	NUM
emaj-33	27	26	;	;	PUNCT
emaj-33	27	27	chau	chau	NOUN
emaj-33	27	28	and	and	CCONJ
emaj-33	27	29	gray	gray	ADJ
emaj-33	27	30	,	,	PUNCT
emaj-33	27	31	2002	2002	NUM
emaj-33	27	32	;	;	PUNCT
emaj-33	27	33	bushee	bushee	NOUN
emaj-33	27	34	and	and	CCONJ
emaj-33	27	35	noe	noe	NOUN
emaj-33	27	36	,	,	PUNCT
emaj-33	27	37	2001	2001	NUM
emaj-33	27	38	;	;	PUNCT
emaj-33	27	39	chen	chen	PROPN
emaj-33	27	40	and	and	CCONJ
emaj-33	27	41	jaggi	jaggi	PROPN
emaj-33	27	42	’s	’s	PART
emaj-33	27	43	,	,	PUNCT
emaj-33	27	44	2000	2000	NUM
emaj-33	27	45	and	and	CCONJ
emaj-33	27	46	wong	wong	PROPN
emaj-33	27	47	,	,	PUNCT
emaj-33	27	48	2001	2001	NUM
emaj-33	27	49	)	)	PUNCT
emaj-33	27	50	.	.	PUNCT
emaj-33	28	1	this	this	DET
emaj-33	28	2	paper	paper	NOUN
emaj-33	28	3	aims	aim	VERB
emaj-33	28	4	to	to	PART
emaj-33	28	5	contribute	contribute	VERB
emaj-33	28	6	to	to	ADP
emaj-33	28	7	the	the	DET
emaj-33	28	8	literature	literature	NOUN
emaj-33	28	9	on	on	ADP
emaj-33	28	10	corporate	corporate	ADJ
emaj-33	28	11	governance	governance	NOUN
emaj-33	28	12	by	by	ADP
emaj-33	28	13	providing	provide	VERB
emaj-33	28	14	taxonomy	taxonomy	NOUN
emaj-33	28	15	of	of	ADP
emaj-33	28	16	tunisian	tunisian	ADJ
emaj-33	28	17	listed	list	VERB
emaj-33	28	18	firms	firm	NOUN
emaj-33	28	19	according	accord	VERB
emaj-33	28	20	to	to	ADP
emaj-33	28	21	corporate	corporate	ADJ
emaj-33	28	22	governance	governance	NOUN
emaj-33	28	23	characteristics	characteristic	NOUN
emaj-33	28	24	and	and	CCONJ
emaj-33	28	25	disclosure	disclosure	NOUN
emaj-33	28	26	quality	quality	NOUN
emaj-33	28	27	using	use	VERB
emaj-33	28	28	a	a	DET
emaj-33	28	29	new	new	ADJ
emaj-33	28	30	approach	approach	NOUN
emaj-33	28	31	based	base	VERB
emaj-33	28	32	on	on	ADP
emaj-33	28	33	the	the	DET
emaj-33	28	34	decision	decision	NOUN
emaj-33	28	35	tree	tree	NOUN
emaj-33	28	36	method	method	NOUN
emaj-33	28	37	.	.	PUNCT
emaj-33	29	1	in	in	ADP
emaj-33	29	2	other	other	ADJ
emaj-33	29	3	words	word	NOUN
emaj-33	29	4	,	,	PUNCT
emaj-33	29	5	we	we	PRON
emaj-33	29	6	try	try	VERB
emaj-33	29	7	to	to	PART
emaj-33	29	8	explain	explain	VERB
emaj-33	29	9	differences	difference	NOUN
emaj-33	29	10	in	in	ADP
emaj-33	29	11	disclosure	disclosure	NOUN
emaj-33	29	12	quality	quality	NOUN
emaj-33	29	13	of	of	ADP
emaj-33	29	14	tunisian	tunisian	ADJ
emaj-33	29	15	listed	list	VERB
emaj-33	29	16	firms	firm	NOUN
emaj-33	29	17	using	use	VERB
emaj-33	29	18	various	various	ADJ
emaj-33	29	19	attributes	attribute	NOUN
emaj-33	29	20	of	of	ADP
emaj-33	29	21	corporate	corporate	ADJ
emaj-33	29	22	governance	governance	NOUN
emaj-33	29	23	.	.	PUNCT
emaj-33	30	1	the	the	DET
emaj-33	30	2	disclosure	disclosure	NOUN
emaj-33	30	3	quality	quality	NOUN
emaj-33	30	4	is	be	AUX
emaj-33	30	5	appreciated	appreciate	VERB
emaj-33	30	6	through	through	ADP
emaj-33	30	7	the	the	DET
emaj-33	30	8	quantity	quantity	NOUN
emaj-33	30	9	and	and	CCONJ
emaj-33	30	10	also	also	ADV
emaj-33	30	11	through	through	ADP
emaj-33	30	12	the	the	DET
emaj-33	30	13	nature	nature	NOUN
emaj-33	30	14	(	(	PUNCT
emaj-33	30	15	type	type	NOUN
emaj-33	30	16	)	)	PUNCT
emaj-33	30	17	of	of	ADP
emaj-33	30	18	information	information	NOUN
emaj-33	30	19	disclosed	disclose	VERB
emaj-33	30	20	.	.	PUNCT
emaj-33	31	1	corporate	corporate	ADJ
emaj-33	31	2	governance	governance	NOUN
emaj-33	31	3	attributes	attribute	NOUN
emaj-33	31	4	used	use	VERB
emaj-33	31	5	in	in	ADP
emaj-33	31	6	this	this	DET
emaj-33	31	7	study	study	NOUN
emaj-33	31	8	consists	consist	VERB
emaj-33	31	9	of	of	ADP
emaj-33	31	10	ownership	ownership	NOUN
emaj-33	31	11	structure	structure	NOUN
emaj-33	31	12	,	,	PUNCT
emaj-33	31	13	board	board	NOUN
emaj-33	31	14	of	of	ADP
emaj-33	31	15	directors	director	NOUN
emaj-33	31	16	and	and	CCONJ
emaj-33	31	17	audit	audit	NOUN
emaj-33	31	18	committees	committee	NOUN
emaj-33	31	19	.	.	PUNCT
emaj-33	32	1	indeed	indeed	ADV
emaj-33	32	2	,	,	PUNCT
emaj-33	32	3	it	it	PRON
emaj-33	32	4	is	be	AUX
emaj-33	32	5	to	to	PART
emaj-33	32	6	show	show	VERB
emaj-33	32	7	that	that	SCONJ
emaj-33	32	8	the	the	DET
emaj-33	32	9	quality	quality	NOUN
emaj-33	32	10	of	of	ADP
emaj-33	32	11	disclosure	disclosure	NOUN
emaj-33	32	12	is	be	AUX
emaj-33	32	13	related	relate	VERB
emaj-33	32	14	to	to	ADP
emaj-33	32	15	a	a	DET
emaj-33	32	16	corporate	corporate	ADJ
emaj-33	32	17	governance	governance	NOUN
emaj-33	32	18	structure	structure	NOUN
emaj-33	32	19	specific	specific	ADJ
emaj-33	32	20	to	to	ADP
emaj-33	32	21	each	each	DET
emaj-33	32	22	type	type	NOUN
emaj-33	32	23	of	of	ADP
emaj-33	32	24	firm	firm	NOUN
emaj-33	32	25	.	.	PUNCT
emaj-33	33	1	to	to	PART
emaj-33	33	2	do	do	VERB
emaj-33	33	3	this	this	PRON
emaj-33	33	4	,	,	PUNCT
emaj-33	33	5	we	we	PRON
emaj-33	33	6	will	will	AUX
emaj-33	33	7	start	start	VERB
emaj-33	33	8	by	by	ADP
emaj-33	33	9	constructing	construct	VERB
emaj-33	33	10	an	an	DET
emaj-33	33	11	index	index	NOUN
emaj-33	33	12	of	of	ADP
emaj-33	33	13	disclosure	disclosure	NOUN
emaj-33	33	14	,	,	PUNCT
emaj-33	33	15	for	for	SCONJ
emaj-33	33	16	each	each	DET
emaj-33	33	17	category	category	NOUN
emaj-33	33	18	of	of	ADP
emaj-33	33	19	information	information	NOUN
emaj-33	33	20	disclosed	disclose	VERB
emaj-33	33	21	,	,	PUNCT
emaj-33	33	22	which	which	PRON
emaj-33	33	23	translated	translate	VERB
emaj-33	33	24	for	for	ADP
emaj-33	33	25	each	each	DET
emaj-33	33	26	company	company	NOUN
emaj-33	33	27	,	,	PUNCT
emaj-33	33	28	the	the	DET
emaj-33	33	29	scope	scope	NOUN
emaj-33	33	30	of	of	ADP
emaj-33	33	31	the	the	DET
emaj-33	33	32	quality	quality	NOUN
emaj-33	33	33	of	of	ADP
emaj-33	33	34	disclosure	disclosure	NOUN
emaj-33	33	35	from	from	ADP
emaj-33	33	36	a	a	DET
emaj-33	33	37	target	target	NOUN
emaj-33	33	38	company	company	NOUN
emaj-33	33	39	that	that	PRON
emaj-33	33	40	discloses	disclose	VERB
emaj-33	33	41	all	all	DET
emaj-33	33	42	information	information	NOUN
emaj-33	33	43	.	.	PUNCT
emaj-33	34	1	in	in	ADP
emaj-33	34	2	other	other	ADJ
emaj-33	34	3	words	word	NOUN
emaj-33	34	4	,	,	PUNCT
emaj-33	34	5	we	we	PRON
emaj-33	34	6	will	will	AUX
emaj-33	34	7	explain	explain	VERB
emaj-33	34	8	the	the	DET
emaj-33	34	9	results	result	NOUN
emaj-33	34	10	based	base	VERB
emaj-33	34	11	on	on	ADP
emaj-33	34	12	the	the	DET
emaj-33	34	13	importance	importance	NOUN
emaj-33	34	14	of	of	ADP
emaj-33	34	15	the	the	DET
emaj-33	34	16	information	information	NOUN
emaj-33	34	17	disclosed	disclose	VERB
emaj-33	34	18	on	on	ADP
emaj-33	34	19	the	the	DET
emaj-33	34	20	market	market	NOUN
emaj-33	34	21	.	.	PUNCT
emaj-33	35	1	indeed	indeed	ADV
emaj-33	35	2	,	,	PUNCT
emaj-33	35	3	financial	financial	ADJ
emaj-33	35	4	,	,	PUNCT
emaj-33	35	5	forecasting	forecasting	NOUN
emaj-33	35	6	or	or	CCONJ
emaj-33	35	7	nonfinancial	nonfinancial	ADJ
emaj-33	35	8	information	information	NOUN
emaj-33	35	9	certainly	certainly	ADV
emaj-33	35	10	has	have	VERB
emaj-33	35	11	a	a	DET
emaj-33	35	12	larger	large	ADJ
emaj-33	35	13	value	value	NOUN
emaj-33	35	14	for	for	ADP
emaj-33	35	15	investors	investor	NOUN
emaj-33	35	16	than	than	ADP
emaj-33	35	17	a	a	DET
emaj-33	35	18	general	general	ADJ
emaj-33	35	19	or	or	CCONJ
emaj-33	35	20	relating	relate	VERB
emaj-33	35	21	to	to	ADP
emaj-33	35	22	executive	executive	ADJ
emaj-33	35	23	information	information	NOUN
emaj-33	35	24	.	.	PUNCT
emaj-33	36	1	thus	thus	ADV
emaj-33	36	2	,	,	PUNCT
emaj-33	36	3	we	we	PRON
emaj-33	36	4	will	will	AUX
emaj-33	36	5	consolidate	consolidate	VERB
emaj-33	36	6	the	the	DET
emaj-33	36	7	information	information	NOUN
emaj-33	36	8	disclosed	disclose	VERB
emaj-33	36	9	in	in	ADP
emaj-33	36	10	two	two	NUM
emaj-33	36	11	types	type	NOUN
emaj-33	36	12	:	:	PUNCT
emaj-33	36	13	important	important	ADJ
emaj-33	36	14	information	information	NOUN
emaj-33	36	15	(	(	PUNCT
emaj-33	36	16	combining	combine	VERB
emaj-33	36	17	financial	financial	ADJ
emaj-33	36	18	,	,	PUNCT
emaj-33	36	19	forecasting	forecasting	NOUN
emaj-33	36	20	and	and	CCONJ
emaj-33	36	21	non	non	ADJ
emaj-33	36	22	financial	financial	ADJ
emaj-33	36	23	information	information	NOUN
emaj-33	36	24	)	)	PUNCT
emaj-33	36	25	,	,	PUNCT
emaj-33	36	26	which	which	PRON
emaj-33	36	27	can	can	AUX
emaj-33	36	28	reflect	reflect	VERB
emaj-33	36	29	the	the	DET
emaj-33	36	30	health	health	NOUN
emaj-33	36	31	and	and	CCONJ
emaj-33	36	32	the	the	DET
emaj-33	36	33	situation	situation	NOUN
emaj-33	36	34	of	of	ADP
emaj-33	36	35	the	the	DET
emaj-33	36	36	company	company	NOUN
emaj-33	36	37	in	in	ADP
emaj-33	36	38	question	question	NOUN
emaj-33	36	39	and	and	CCONJ
emaj-33	36	40	information	information	NOUN
emaj-33	36	41	of	of	ADP
emaj-33	36	42	average	average	ADJ
emaj-33	36	43	importance	importance	NOUN
emaj-33	36	44	(	(	PUNCT
emaj-33	36	45	it	it	PRON
emaj-33	36	46	means	mean	VERB
emaj-33	36	47	general	general	ADJ
emaj-33	36	48	or	or	CCONJ
emaj-33	36	49	relating	relate	VERB
emaj-33	36	50	to	to	ADP
emaj-33	36	51	the	the	DET
emaj-33	36	52	management	management	NOUN
emaj-33	36	53	and	and	CCONJ
emaj-33	36	54	shareholders	shareholder	NOUN
emaj-33	36	55	information	information	NOUN
emaj-33	36	56	)	)	PUNCT
emaj-33	36	57	.	.	PUNCT
emaj-33	37	1	in	in	ADP
emaj-33	37	2	other	other	ADJ
emaj-33	37	3	words	word	NOUN
emaj-33	37	4	,	,	PUNCT
emaj-33	37	5	we	we	PRON
emaj-33	37	6	interpret	interpret	VERB
emaj-33	37	7	the	the	DET
emaj-33	37	8	scope	scope	NOUN
emaj-33	37	9	of	of	ADP
emaj-33	37	10	the	the	DET
emaj-33	37	11	quality	quality	NOUN
emaj-33	37	12	of	of	ADP
emaj-33	37	13	disclosure	disclosure	NOUN
emaj-33	37	14	for	for	ADP
emaj-33	37	15	a	a	DET
emaj-33	37	16	company	company	NOUN
emaj-33	37	17	based	base	VERB
emaj-33	37	18	on	on	ADP
emaj-33	37	19	the	the	DET
emaj-33	37	20	degree	degree	NOUN
emaj-33	37	21	of	of	ADP
emaj-33	37	22	importance	importance	NOUN
emaj-33	37	23	of	of	ADP
emaj-33	37	24	the	the	DET
emaj-33	37	25	information	information	NOUN
emaj-33	37	26	disclosed	disclose	VERB
emaj-33	37	27	.	.	PUNCT
emaj-33	38	1	specifically	specifically	ADV
emaj-33	38	2	,	,	PUNCT
emaj-33	38	3	we	we	PRON
emaj-33	38	4	will	will	AUX
emaj-33	38	5	identify	identify	VERB
emaj-33	38	6	characteristics	characteristic	NOUN
emaj-33	38	7	of	of	ADP
emaj-33	38	8	governance	governance	NOUN
emaj-33	38	9	to	to	PART
emaj-33	38	10	improve	improve	VERB
emaj-33	38	11	the	the	DET
emaj-33	38	12	quality	quality	NOUN
emaj-33	38	13	of	of	ADP
emaj-33	38	14	disclosure	disclosure	NOUN
emaj-33	38	15	for	for	ADP
emaj-33	38	16	each	each	DET
emaj-33	38	17	type	type	NOUN
emaj-33	38	18	of	of	ADP
emaj-33	38	19	information	information	NOUN
emaj-33	38	20	,	,	PUNCT
emaj-33	38	21	but	but	CCONJ
emaj-33	38	22	we	we	PRON
emaj-33	38	23	will	will	AUX
emaj-33	38	24	concentrate	concentrate	VERB
emaj-33	38	25	volume	volume	NOUN
emaj-33	38	26	3	3	NUM
emaj-33	38	27	no	no	DET
emaj-33	38	28	2	2	NUM
emaj-33	38	29	(	(	PUNCT
emaj-33	38	30	2013	2013	NUM
emaj-33	38	31	)	)	PUNCT
emaj-33	38	32	|	|	ADV
emaj-33	38	33	issn	issn	VERB
emaj-33	38	34	2158	2158	NUM
emaj-33	38	35	-	-	SYM
emaj-33	38	36	8708	8708	NUM
emaj-33	38	37	(	(	PUNCT
emaj-33	38	38	online	online	NOUN
emaj-33	38	39	)	)	PUNCT
emaj-33	39	1	|	|	ADV
emaj-33	39	2	10.5195	10.5195	NUM
emaj-33	39	3	/	/	SYM
emaj-33	39	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	39	5	|	|	NOUN
emaj-33	39	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	39	7	corporate	corporate	ADJ
emaj-33	39	8	governance	governance	NOUN
emaj-33	39	9	and	and	CCONJ
emaj-33	39	10	disclosure	disclosure	NOUN
emaj-33	39	11	quality	quality	NOUN
emaj-33	39	12	:	:	PUNCT
emaj-33	39	13	taxonomy	taxonomy	NOUN
emaj-33	39	14	of	of	ADP
emaj-33	39	15	tunisian	tunisian	ADJ
emaj-33	39	16	listed	list	VERB
emaj-33	39	17	firms	firm	NOUN
emaj-33	39	18	using	use	VERB
emaj-33	39	19	the	the	DET
emaj-33	39	20	decision	decision	NOUN
emaj-33	39	21	tree	tree	NOUN
emaj-33	39	22	method	method	NOUN
emaj-33	39	23	based	base	VERB
emaj-33	39	24	approach	approach	NOUN
emaj-33	39	25	emerging	emerge	VERB
emaj-33	39	26	markets	market	NOUN
emaj-33	39	27	journal	journal	NOUN
emaj-33	39	28	|	|	ADV
emaj-33	39	29	p	p	NOUN
emaj-33	39	30	a	a	DET
emaj-33	39	31	g	g	NOUN
emaj-33	39	32	e	e	NOUN
emaj-33	39	33	|	|	ADV
emaj-33	39	34	47	47	NUM
emaj-33	39	35	mainly	mainly	ADV
emaj-33	39	36	on	on	ADP
emaj-33	39	37	the	the	DET
emaj-33	39	38	information	information	NOUN
emaj-33	39	39	of	of	ADP
emaj-33	39	40	high	high	ADJ
emaj-33	39	41	importance	importance	NOUN
emaj-33	39	42	.	.	PUNCT
emaj-33	40	1	thus	thus	ADV
emaj-33	40	2	,	,	PUNCT
emaj-33	40	3	we	we	PRON
emaj-33	40	4	try	try	VERB
emaj-33	40	5	to	to	PART
emaj-33	40	6	verify	verify	VERB
emaj-33	40	7	the	the	DET
emaj-33	40	8	existence	existence	NOUN
emaj-33	40	9	of	of	ADP
emaj-33	40	10	a	a	DET
emaj-33	40	11	convergence	convergence	NOUN
emaj-33	40	12	between	between	ADP
emaj-33	40	13	the	the	DET
emaj-33	40	14	recommendations	recommendation	NOUN
emaj-33	40	15	on	on	ADP
emaj-33	40	16	corporate	corporate	ADJ
emaj-33	40	17	governance	governance	NOUN
emaj-33	40	18	and	and	CCONJ
emaj-33	40	19	the	the	DET
emaj-33	40	20	quality	quality	NOUN
emaj-33	40	21	of	of	ADP
emaj-33	40	22	disclosure	disclosure	NOUN
emaj-33	40	23	.	.	PUNCT
emaj-33	41	1	so	so	ADV
emaj-33	41	2	,	,	PUNCT
emaj-33	41	3	following	follow	VERB
emaj-33	41	4	this	this	DET
emaj-33	41	5	logic	logic	NOUN
emaj-33	41	6	,	,	PUNCT
emaj-33	41	7	a	a	DET
emaj-33	41	8	company	company	NOUN
emaj-33	41	9	that	that	PRON
emaj-33	41	10	has	have	VERB
emaj-33	41	11	a	a	DET
emaj-33	41	12	good	good	ADJ
emaj-33	41	13	system	system	NOUN
emaj-33	41	14	of	of	ADP
emaj-33	41	15	governance	governance	NOUN
emaj-33	41	16	,	,	PUNCT
emaj-33	41	17	and	and	CCONJ
emaj-33	41	18	which	which	PRON
emaj-33	41	19	adopts	adopt	VERB
emaj-33	41	20	recommendations	recommendation	NOUN
emaj-33	41	21	for	for	ADP
emaj-33	41	22	governance	governance	NOUN
emaj-33	41	23	has	have	VERB
emaj-33	41	24	to	to	PART
emaj-33	41	25	disclose	disclose	VERB
emaj-33	41	26	financial	financial	ADJ
emaj-33	41	27	,	,	PUNCT
emaj-33	41	28	forecast	forecast	NOUN
emaj-33	41	29	and	and	CCONJ
emaj-33	41	30	non	non	ADJ
emaj-33	41	31	financial	financial	ADJ
emaj-33	41	32	information	information	NOUN
emaj-33	41	33	(	(	PUNCT
emaj-33	41	34	i.e.	i.e.	X
emaj-33	41	35	of	of	ADP
emaj-33	41	36	high	high	ADJ
emaj-33	41	37	importance	importance	NOUN
emaj-33	41	38	)	)	PUNCT
emaj-33	41	39	.	.	PUNCT
emaj-33	42	1	then	then	ADV
emaj-33	42	2	,	,	PUNCT
emaj-33	42	3	we	we	PRON
emaj-33	42	4	use	use	VERB
emaj-33	42	5	a	a	DET
emaj-33	42	6	decision	decision	NOUN
emaj-33	42	7	tree	tree	NOUN
emaj-33	42	8	model	model	NOUN
emaj-33	42	9	to	to	PART
emaj-33	42	10	analyze	analyze	VERB
emaj-33	42	11	the	the	DET
emaj-33	42	12	profile	profile	NOUN
emaj-33	42	13	of	of	ADP
emaj-33	42	14	groups	group	NOUN
emaj-33	42	15	of	of	ADP
emaj-33	42	16	companies	company	NOUN
emaj-33	42	17	in	in	ADP
emaj-33	42	18	terms	term	NOUN
emaj-33	42	19	of	of	ADP
emaj-33	42	20	corporate	corporate	ADJ
emaj-33	42	21	governance	governance	NOUN
emaj-33	42	22	.	.	PUNCT
emaj-33	43	1	in	in	ADP
emaj-33	43	2	other	other	ADJ
emaj-33	43	3	words	word	NOUN
emaj-33	43	4	,	,	PUNCT
emaj-33	43	5	we	we	PRON
emaj-33	43	6	will	will	AUX
emaj-33	43	7	try	try	VERB
emaj-33	43	8	to	to	PART
emaj-33	43	9	build	build	VERB
emaj-33	43	10	a	a	DET
emaj-33	43	11	decision	decision	NOUN
emaj-33	43	12	tree	tree	NOUN
emaj-33	43	13	to	to	PART
emaj-33	43	14	understand	understand	VERB
emaj-33	43	15	the	the	DET
emaj-33	43	16	characteristics	characteristic	NOUN
emaj-33	43	17	of	of	ADP
emaj-33	43	18	a	a	DET
emaj-33	43	19	particular	particular	ADJ
emaj-33	43	20	firm	firm	NOUN
emaj-33	43	21	regardless	regardless	ADV
emaj-33	43	22	of	of	ADP
emaj-33	43	23	its	its	PRON
emaj-33	43	24	level	level	NOUN
emaj-33	43	25	of	of	ADP
emaj-33	43	26	disclosure	disclosure	NOUN
emaj-33	43	27	.	.	PUNCT
emaj-33	44	1	more	more	ADV
emaj-33	44	2	specifically	specifically	ADV
emaj-33	44	3	,	,	PUNCT
emaj-33	44	4	and	and	CCONJ
emaj-33	44	5	all	all	PRON
emaj-33	44	6	being	be	AUX
emaj-33	44	7	equal	equal	ADJ
emaj-33	44	8	,	,	PUNCT
emaj-33	44	9	we	we	PRON
emaj-33	44	10	will	will	AUX
emaj-33	44	11	try	try	VERB
emaj-33	44	12	to	to	PART
emaj-33	44	13	establish	establish	VERB
emaj-33	44	14	a	a	DET
emaj-33	44	15	decision	decision	NOUN
emaj-33	44	16	rule	rule	NOUN
emaj-33	44	17	,	,	PUNCT
emaj-33	44	18	which	which	PRON
emaj-33	44	19	allows	allow	VERB
emaj-33	44	20	to	to	ADP
emaj-33	44	21	any	any	DET
emaj-33	44	22	firm	firm	NOUN
emaj-33	44	23	to	to	PART
emaj-33	44	24	know	know	VERB
emaj-33	44	25	its	its	PRON
emaj-33	44	26	level	level	NOUN
emaj-33	44	27	of	of	ADP
emaj-33	44	28	disclosure	disclosure	NOUN
emaj-33	44	29	using	use	VERB
emaj-33	44	30	corporate	corporate	ADJ
emaj-33	44	31	governance	governance	NOUN
emaj-33	44	32	strategy	strategy	NOUN
emaj-33	44	33	adopted	adopt	VERB
emaj-33	44	34	by	by	ADP
emaj-33	44	35	the	the	DET
emaj-33	44	36	latter	latter	ADJ
emaj-33	44	37	.	.	PUNCT
emaj-33	45	1	the	the	DET
emaj-33	45	2	reminder	reminder	NOUN
emaj-33	45	3	of	of	ADP
emaj-33	45	4	this	this	DET
emaj-33	45	5	paper	paper	NOUN
emaj-33	45	6	is	be	AUX
emaj-33	45	7	organized	organize	VERB
emaj-33	45	8	as	as	SCONJ
emaj-33	45	9	follows	follow	VERB
emaj-33	45	10	.	.	PUNCT
emaj-33	46	1	the	the	DET
emaj-33	46	2	second	second	ADJ
emaj-33	46	3	section	section	NOUN
emaj-33	46	4	presents	present	VERB
emaj-33	46	5	the	the	DET
emaj-33	46	6	information	information	NOUN
emaj-33	46	7	disclosure	disclosure	NOUN
emaj-33	46	8	in	in	ADP
emaj-33	46	9	the	the	DET
emaj-33	46	10	tunisian	tunisian	ADJ
emaj-33	46	11	context	context	NOUN
emaj-33	46	12	.	.	PUNCT
emaj-33	47	1	section	section	NOUN
emaj-33	47	2	three	three	NUM
emaj-33	47	3	provides	provide	VERB
emaj-33	47	4	a	a	DET
emaj-33	47	5	description	description	NOUN
emaj-33	47	6	of	of	ADP
emaj-33	47	7	the	the	DET
emaj-33	47	8	sample	sample	NOUN
emaj-33	47	9	,	,	PUNCT
emaj-33	47	10	variables	variable	NOUN
emaj-33	47	11	measurement	measurement	NOUN
emaj-33	47	12	and	and	CCONJ
emaj-33	47	13	empirical	empirical	ADJ
emaj-33	47	14	model	model	NOUN
emaj-33	47	15	and	and	CCONJ
emaj-33	47	16	results	result	NOUN
emaj-33	47	17	.	.	PUNCT
emaj-33	48	1	section	section	NOUN
emaj-33	48	2	four	four	NUM
emaj-33	48	3	presents	present	NOUN
emaj-33	48	4	results	result	NOUN
emaj-33	48	5	.	.	PUNCT
emaj-33	49	1	the	the	DET
emaj-33	49	2	last	last	ADJ
emaj-33	49	3	section	section	NOUN
emaj-33	49	4	is	be	AUX
emaj-33	49	5	reserved	reserve	VERB
emaj-33	49	6	to	to	ADP
emaj-33	49	7	the	the	DET
emaj-33	49	8	conclusion	conclusion	NOUN
emaj-33	49	9	.	.	PUNCT
emaj-33	50	1	2.information	2.information	NUM
emaj-33	50	2	disclosure	disclosure	NOUN
emaj-33	50	3	in	in	ADP
emaj-33	50	4	the	the	DET
emaj-33	50	5	tunisian	tunisian	ADJ
emaj-33	50	6	context	context	NOUN
emaj-33	50	7	transparency	transparency	NOUN
emaj-33	50	8	and	and	CCONJ
emaj-33	50	9	disclosure	disclosure	NOUN
emaj-33	50	10	have	have	AUX
emaj-33	50	11	gained	gain	VERB
emaj-33	50	12	increased	increase	VERB
emaj-33	50	13	importance	importance	NOUN
emaj-33	50	14	by	by	ADP
emaj-33	50	15	many	many	ADJ
emaj-33	50	16	researchers	researcher	NOUN
emaj-33	50	17	,	,	PUNCT
emaj-33	50	18	which	which	PRON
emaj-33	50	19	attribute	attribute	VERB
emaj-33	50	20	the	the	DET
emaj-33	50	21	problem	problem	NOUN
emaj-33	50	22	to	to	ADP
emaj-33	50	23	great	great	ADJ
emaj-33	50	24	weakness	weakness	NOUN
emaj-33	50	25	in	in	ADP
emaj-33	50	26	corporate	corporate	ADJ
emaj-33	50	27	governance	governance	NOUN
emaj-33	50	28	and	and	CCONJ
emaj-33	50	29	this	this	PRON
emaj-33	50	30	was	be	AUX
emaj-33	50	31	considered	consider	VERB
emaj-33	50	32	a	a	DET
emaj-33	50	33	contributing	contribute	VERB
emaj-33	50	34	factor	factor	NOUN
emaj-33	50	35	to	to	ADP
emaj-33	50	36	broader	broad	ADJ
emaj-33	50	37	systematic	systematic	ADJ
emaj-33	50	38	problems	problem	NOUN
emaj-33	50	39	in	in	ADP
emaj-33	50	40	emerging	emerge	VERB
emaj-33	50	41	markets	market	NOUN
emaj-33	50	42	(	(	PUNCT
emaj-33	50	43	standard	standard	PROPN
emaj-33	50	44	&	&	CCONJ
emaj-33	50	45	poor	poor	PROPN
emaj-33	50	46	’s	’s	PART
emaj-33	50	47	,	,	PUNCT
emaj-33	50	48	2008	2008	NUM
emaj-33	50	49	)	)	PUNCT
emaj-33	50	50	.	.	PUNCT
emaj-33	51	1	previous	previous	ADJ
emaj-33	51	2	research	research	NOUN
emaj-33	51	3	has	have	AUX
emaj-33	51	4	been	be	AUX
emaj-33	51	5	made	make	VERB
emaj-33	51	6	mainly	mainly	ADV
emaj-33	51	7	in	in	ADP
emaj-33	51	8	the	the	DET
emaj-33	51	9	usa	usa	PROPN
emaj-33	51	10	where	where	SCONJ
emaj-33	51	11	investors	investor	NOUN
emaj-33	51	12	are	be	AUX
emaj-33	51	13	relatively	relatively	ADV
emaj-33	51	14	highly	highly	ADV
emaj-33	51	15	protected	protect	VERB
emaj-33	51	16	.	.	PUNCT
emaj-33	52	1	tunisian	tunisian	ADJ
emaj-33	52	2	context	context	NOUN
emaj-33	52	3	is	be	AUX
emaj-33	52	4	worth	worth	ADJ
emaj-33	52	5	to	to	PART
emaj-33	52	6	study	study	VERB
emaj-33	52	7	because	because	SCONJ
emaj-33	52	8	it	it	PRON
emaj-33	52	9	presents	present	VERB
emaj-33	52	10	much	much	ADJ
emaj-33	52	11	specificity	specificity	NOUN
emaj-33	52	12	.	.	PUNCT
emaj-33	53	1	the	the	DET
emaj-33	53	2	aim	aim	NOUN
emaj-33	53	3	of	of	ADP
emaj-33	53	4	this	this	DET
emaj-33	53	5	paper	paper	NOUN
emaj-33	53	6	is	be	AUX
emaj-33	53	7	to	to	PART
emaj-33	53	8	identify	identify	VERB
emaj-33	53	9	the	the	DET
emaj-33	53	10	correspondence	correspondence	NOUN
emaj-33	53	11	between	between	ADP
emaj-33	53	12	the	the	DET
emaj-33	53	13	quality	quality	NOUN
emaj-33	53	14	of	of	ADP
emaj-33	53	15	disclosure	disclosure	NOUN
emaj-33	53	16	and	and	CCONJ
emaj-33	53	17	characteristics	characteristic	NOUN
emaj-33	53	18	of	of	ADP
emaj-33	53	19	corporate	corporate	ADJ
emaj-33	53	20	governance	governance	NOUN
emaj-33	53	21	of	of	ADP
emaj-33	53	22	tunisian	tunisian	ADJ
emaj-33	53	23	listed	list	VERB
emaj-33	53	24	firms	firm	NOUN
emaj-33	53	25	,	,	PUNCT
emaj-33	53	26	in	in	ADP
emaj-33	53	27	order	order	NOUN
emaj-33	53	28	to	to	PART
emaj-33	53	29	establish	establish	VERB
emaj-33	53	30	taxonomy	taxonomy	NOUN
emaj-33	53	31	of	of	ADP
emaj-33	53	32	tunisian	tunisian	ADJ
emaj-33	53	33	listed	list	VERB
emaj-33	53	34	firms	firm	NOUN
emaj-33	53	35	according	accord	VERB
emaj-33	53	36	to	to	ADP
emaj-33	53	37	their	their	PRON
emaj-33	53	38	disclosure	disclosure	NOUN
emaj-33	53	39	quality	quality	NOUN
emaj-33	53	40	level	level	NOUN
emaj-33	53	41	and	and	CCONJ
emaj-33	53	42	corporate	corporate	ADJ
emaj-33	53	43	governance	governance	NOUN
emaj-33	53	44	features	feature	NOUN
emaj-33	53	45	.	.	PUNCT
emaj-33	54	1	in	in	ADP
emaj-33	54	2	the	the	DET
emaj-33	54	3	tunisian	tunisian	ADJ
emaj-33	54	4	context	context	NOUN
emaj-33	54	5	several	several	ADJ
emaj-33	54	6	laws	law	NOUN
emaj-33	54	7	define	define	VERB
emaj-33	54	8	and	and	CCONJ
emaj-33	54	9	regulate	regulate	VERB
emaj-33	54	10	the	the	DET
emaj-33	54	11	mandatory	mandatory	ADJ
emaj-33	54	12	information	information	NOUN
emaj-33	54	13	,	,	PUNCT
emaj-33	54	14	in	in	ADP
emaj-33	54	15	order	order	NOUN
emaj-33	54	16	to	to	PART
emaj-33	54	17	provide	provide	VERB
emaj-33	54	18	to	to	ADP
emaj-33	54	19	all	all	DET
emaj-33	54	20	investors	investor	NOUN
emaj-33	54	21	transparency	transparency	NOUN
emaj-33	54	22	and	and	CCONJ
emaj-33	54	23	an	an	DET
emaj-33	54	24	equal	equal	ADJ
emaj-33	54	25	level	level	NOUN
emaj-33	54	26	of	of	ADP
emaj-33	54	27	information	information	NOUN
emaj-33	54	28	.	.	PUNCT
emaj-33	55	1	these	these	DET
emaj-33	55	2	regulations	regulation	NOUN
emaj-33	55	3	are	be	AUX
emaj-33	55	4	listed	list	VERB
emaj-33	55	5	in	in	ADP
emaj-33	55	6	several	several	ADJ
emaj-33	55	7	legal	legal	ADJ
emaj-33	55	8	sources	source	NOUN
emaj-33	55	9	which	which	PRON
emaj-33	55	10	are	be	AUX
emaj-33	55	11	:	:	PUNCT
emaj-33	55	12	the	the	DET
emaj-33	55	13	companies	company	NOUN
emaj-33	55	14	accounting	accounting	NOUN
emaj-33	55	15	system	system	NOUN
emaj-33	55	16	;	;	PUNCT
emaj-33	55	17	the	the	DET
emaj-33	55	18	commercial	commercial	ADJ
emaj-33	55	19	companies	company	NOUN
emaj-33	55	20	’	'	PUNCT
emaj-33	55	21	code	code	PROPN
emaj-33	55	22	;	;	PUNCT
emaj-33	55	23	act	act	VERB
emaj-33	55	24	no	no	INTJ
emaj-33	55	25	.	.	NOUN
emaj-33	55	26	1994	1994	NUM
emaj-33	55	27	117	117	NUM
emaj-33	55	28	of	of	ADP
emaj-33	55	29	november	november	PROPN
emaj-33	55	30	14th	14th	NUM
emaj-33	55	31	,	,	PUNCT
emaj-33	55	32	1994	1994	NUM
emaj-33	55	33	;	;	PUNCT
emaj-33	55	34	order	order	NOUN
emaj-33	55	35	of	of	ADP
emaj-33	55	36	chartered	charter	VERB
emaj-33	55	37	accountants	accountant	NOUN
emaj-33	55	38	of	of	ADP
emaj-33	55	39	tunis	tunis	NOUN
emaj-33	55	40	;	;	PUNCT
emaj-33	55	41	law	law	NOUN
emaj-33	55	42	n	n	NOUN
emaj-33	55	43	°	°	ADP
emaj-33	55	44	2005	2005	NUM
emaj-33	55	45	-	-	SYM
emaj-33	55	46	96	96	NUM
emaj-33	55	47	of	of	ADP
emaj-33	55	48	october	october	PROPN
emaj-33	55	49	18th	18th	NOUN
emaj-33	55	50	,	,	PUNCT
emaj-33	55	51	2005	2005	NUM
emaj-33	55	52	.	.	PUNCT
emaj-33	56	1	the	the	DET
emaj-33	56	2	accounting	accounting	NOUN
emaj-33	56	3	system	system	NOUN
emaj-33	56	4	:	:	PUNCT
emaj-33	56	5	the	the	DET
emaj-33	56	6	accounting	accounting	NOUN
emaj-33	56	7	system	system	NOUN
emaj-33	56	8	defined	define	VERB
emaj-33	56	9	the	the	DET
emaj-33	56	10	set	set	NOUN
emaj-33	56	11	of	of	ADP
emaj-33	56	12	principles	principle	NOUN
emaj-33	56	13	and	and	CCONJ
emaj-33	56	14	rules	rule	NOUN
emaj-33	56	15	used	use	VERB
emaj-33	56	16	to	to	ADP
emaj-33	56	17	the	the	DET
emaj-33	56	18	establishment	establishment	NOUN
emaj-33	56	19	and	and	CCONJ
emaj-33	56	20	presentation	presentation	NOUN
emaj-33	56	21	of	of	ADP
emaj-33	56	22	the	the	DET
emaj-33	56	23	accounting	accounting	NOUN
emaj-33	56	24	documents	document	NOUN
emaj-33	56	25	.	.	PUNCT
emaj-33	57	1	it	it	PRON
emaj-33	57	2	aims	aim	VERB
emaj-33	57	3	to	to	PART
emaj-33	57	4	reduce	reduce	VERB
emaj-33	57	5	the	the	DET
emaj-33	57	6	uncertainty	uncertainty	NOUN
emaj-33	57	7	of	of	ADP
emaj-33	57	8	its	its	PRON
emaj-33	57	9	users	user	NOUN
emaj-33	57	10	as	as	ADV
emaj-33	57	11	well	well	ADV
emaj-33	57	12	regarding	regard	VERB
emaj-33	57	13	the	the	DET
emaj-33	57	14	knowledge	knowledge	NOUN
emaj-33	57	15	of	of	ADP
emaj-33	57	16	the	the	DET
emaj-33	57	17	past	past	NOUN
emaj-33	57	18	than	than	ADP
emaj-33	57	19	predicting	predict	VERB
emaj-33	57	20	the	the	DET
emaj-33	57	21	future	future	NOUN
emaj-33	57	22	.	.	PUNCT
emaj-33	58	1	according	accord	VERB
emaj-33	58	2	to	to	ADP
emaj-33	58	3	the	the	DET
emaj-33	58	4	accounting	accounting	NOUN
emaj-33	58	5	act	act	PROPN
emaj-33	58	6	,	,	PUNCT
emaj-33	58	7	each	each	DET
emaj-33	58	8	company	company	NOUN
emaj-33	58	9	must	must	AUX
emaj-33	58	10	prepare	prepare	VERB
emaj-33	58	11	and	and	CCONJ
emaj-33	58	12	submit	submit	VERB
emaj-33	58	13	financial	financial	ADJ
emaj-33	58	14	statements	statement	NOUN
emaj-33	58	15	no	no	ADV
emaj-33	58	16	later	later	ADV
emaj-33	58	17	than	than	ADP
emaj-33	58	18	three	three	NUM
emaj-33	58	19	months	month	NOUN
emaj-33	58	20	following	follow	VERB
emaj-33	58	21	the	the	DET
emaj-33	58	22	closing	closing	NOUN
emaj-33	58	23	date	date	NOUN
emaj-33	58	24	of	of	ADP
emaj-33	58	25	the	the	DET
emaj-33	58	26	fiscal	fiscal	ADJ
emaj-33	58	27	year	year	NOUN
emaj-33	58	28	.	.	PUNCT
emaj-33	59	1	the	the	DET
emaj-33	59	2	financial	financial	ADJ
emaj-33	59	3	statements	statement	NOUN
emaj-33	59	4	are	be	AUX
emaj-33	59	5	formed	form	VERB
emaj-33	59	6	by	by	ADP
emaj-33	59	7	a	a	DET
emaj-33	59	8	whole	whole	ADJ
emaj-33	59	9	structure	structure	NOUN
emaj-33	59	10	whose	whose	DET
emaj-33	59	11	elements	element	NOUN
emaj-33	59	12	(	(	PUNCT
emaj-33	59	13	balance	balance	NOUN
emaj-33	59	14	,	,	PUNCT
emaj-33	59	15	the	the	DET
emaj-33	59	16	result	result	NOUN
emaj-33	59	17	state	state	NOUN
emaj-33	59	18	,	,	PUNCT
emaj-33	59	19	the	the	DET
emaj-33	59	20	state	state	NOUN
emaj-33	59	21	of	of	ADP
emaj-33	59	22	dr	dr	PROPN
emaj-33	59	23	.	.	PROPN
emaj-33	59	24	wided	wide	VERB
emaj-33	59	25	khiari	khiari	PROPN
emaj-33	59	26	p	p	PROPN
emaj-33	59	27	a	a	DET
emaj-33	59	28	g	g	NOUN
emaj-33	59	29	e	e	NOUN
emaj-33	59	30	|	|	ADV
emaj-33	59	31	48|	48|	NUM
emaj-33	59	32	emerging	emerge	VERB
emaj-33	59	33	markets	market	NOUN
emaj-33	59	34	journal	journal	NOUN
emaj-33	59	35	volume	volume	NOUN
emaj-33	59	36	3	3	NUM
emaj-33	59	37	no	no	DET
emaj-33	59	38	2	2	NUM
emaj-33	59	39	(	(	PUNCT
emaj-33	59	40	2013	2013	NUM
emaj-33	59	41	)	)	PUNCT
emaj-33	59	42	|	|	ADV
emaj-33	59	43	issn	issn	VERB
emaj-33	59	44	2158	2158	NUM
emaj-33	59	45	-	-	SYM
emaj-33	59	46	8708	8708	NUM
emaj-33	59	47	(	(	PUNCT
emaj-33	59	48	online	online	NOUN
emaj-33	59	49	)	)	PUNCT
emaj-33	60	1	|	|	ADV
emaj-33	60	2	10.5195	10.5195	NUM
emaj-33	60	3	/	/	SYM
emaj-33	60	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	61	1	|	|	NOUN
emaj-33	61	2	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-33	61	3	cash	cash	NOUN
emaj-33	61	4	flows	flow	NOUN
emaj-33	61	5	and	and	CCONJ
emaj-33	61	6	the	the	DET
emaj-33	61	7	notes	note	NOUN
emaj-33	61	8	to	to	ADP
emaj-33	61	9	the	the	DET
emaj-33	61	10	financial	financial	ADJ
emaj-33	61	11	statements	statement	NOUN
emaj-33	61	12	)	)	PUNCT
emaj-33	61	13	are	be	AUX
emaj-33	61	14	inter	inter	ADJ
emaj-33	61	15	-	-	VERB
emaj-33	61	16	related	related	ADJ
emaj-33	61	17	.	.	PUNCT
emaj-33	62	1	the	the	DET
emaj-33	62	2	commercial	commercial	ADJ
emaj-33	62	3	companies	company	NOUN
emaj-33	62	4	’	'	PUNCT
emaj-33	62	5	code	code	PROPN
emaj-33	62	6	:	:	PUNCT
emaj-33	62	7	it	it	PRON
emaj-33	62	8	includes	include	VERB
emaj-33	62	9	a	a	DET
emaj-33	62	10	set	set	NOUN
emaj-33	62	11	of	of	ADP
emaj-33	62	12	laws	law	NOUN
emaj-33	62	13	and	and	CCONJ
emaj-33	62	14	obligations	obligation	NOUN
emaj-33	62	15	,	,	PUNCT
emaj-33	62	16	to	to	PART
emaj-33	62	17	comply	comply	VERB
emaj-33	62	18	with	with	ADP
emaj-33	62	19	financial	financial	ADJ
emaj-33	62	20	information	information	NOUN
emaj-33	62	21	.	.	PUNCT
emaj-33	63	1	indeed	indeed	ADV
emaj-33	63	2	,	,	PUNCT
emaj-33	63	3	according	accord	VERB
emaj-33	63	4	to	to	ADP
emaj-33	63	5	article	article	NOUN
emaj-33	63	6	128	128	NUM
emaj-33	63	7	of	of	ADP
emaj-33	63	8	the	the	DET
emaj-33	63	9	code	code	NOUN
emaj-33	63	10	of	of	ADP
emaj-33	63	11	commercial	commercial	ADJ
emaj-33	63	12	companies	company	NOUN
emaj-33	63	13	(	(	PUNCT
emaj-33	63	14	ccc	ccc	PROPN
emaj-33	63	15	)	)	PUNCT
emaj-33	63	16	,	,	PUNCT
emaj-33	63	17	the	the	DET
emaj-33	63	18	annual	annual	ADJ
emaj-33	63	19	ordinary	ordinary	ADJ
emaj-33	63	20	general	general	ADJ
emaj-33	63	21	assembly	assembly	NOUN
emaj-33	63	22	must	must	AUX
emaj-33	63	23	be	be	AUX
emaj-33	63	24	held	hold	VERB
emaj-33	63	25	within	within	ADP
emaj-33	63	26	three	three	NUM
emaj-33	63	27	months	month	NOUN
emaj-33	63	28	from	from	ADP
emaj-33	63	29	the	the	DET
emaj-33	63	30	closing	closing	NOUN
emaj-33	63	31	of	of	ADP
emaj-33	63	32	exercise	exercise	NOUN
emaj-33	63	33	and	and	CCONJ
emaj-33	63	34	twenty	twenty	NUM
emaj-33	63	35	days	day	NOUN
emaj-33	63	36	at	at	ADP
emaj-33	63	37	least	least	ADJ
emaj-33	63	38	before	before	ADP
emaj-33	63	39	the	the	DET
emaj-33	63	40	general	general	ADJ
emaj-33	63	41	assembly	assembly	NOUN
emaj-33	63	42	which	which	PRON
emaj-33	63	43	is	be	AUX
emaj-33	63	44	the	the	DET
emaj-33	63	45	approval	approval	NOUN
emaj-33	63	46	management	management	NOUN
emaj-33	63	47	accounts	account	NOUN
emaj-33	63	48	.	.	PUNCT
emaj-33	64	1	in	in	ADP
emaj-33	64	2	addition	addition	NOUN
emaj-33	64	3	,	,	PUNCT
emaj-33	64	4	under	under	ADP
emaj-33	64	5	article	article	NOUN
emaj-33	64	6	201	201	NUM
emaj-33	64	7	of	of	ADP
emaj-33	64	8	the	the	DET
emaj-33	64	9	ccc	ccc	PROPN
emaj-33	64	10	board	board	NOUN
emaj-33	64	11	of	of	ADP
emaj-33	64	12	directors	director	NOUN
emaj-33	64	13	must	must	AUX
emaj-33	64	14	establish	establish	VERB
emaj-33	64	15	,	,	PUNCT
emaj-33	64	16	at	at	ADP
emaj-33	64	17	the	the	DET
emaj-33	64	18	close	close	NOUN
emaj-33	64	19	of	of	ADP
emaj-33	64	20	each	each	DET
emaj-33	64	21	fiscal	fiscal	ADJ
emaj-33	64	22	year	year	NOUN
emaj-33	64	23	,	,	PUNCT
emaj-33	64	24	under	under	ADP
emaj-33	64	25	his	his	PRON
emaj-33	64	26	responsibility	responsibility	NOUN
emaj-33	64	27	the	the	DET
emaj-33	64	28	financial	financial	ADJ
emaj-33	64	29	statements	statement	NOUN
emaj-33	64	30	of	of	ADP
emaj-33	64	31	the	the	DET
emaj-33	64	32	company	company	NOUN
emaj-33	64	33	in	in	ADP
emaj-33	64	34	accordance	accordance	NOUN
emaj-33	64	35	with	with	ADP
emaj-33	64	36	the	the	DET
emaj-33	64	37	accounting	accounting	NOUN
emaj-33	64	38	system	system	NOUN
emaj-33	64	39	of	of	ADP
emaj-33	64	40	the	the	DET
emaj-33	64	41	companies	company	NOUN
emaj-33	64	42	act	act	VERB
emaj-33	64	43	.	.	PUNCT
emaj-33	65	1	act	act	VERB
emaj-33	65	2	no	no	INTJ
emaj-33	65	3	.	.	NOUN
emaj-33	65	4	1994	1994	NUM
emaj-33	65	5	117	117	NUM
emaj-33	65	6	of	of	ADP
emaj-33	65	7	november	november	PROPN
emaj-33	65	8	14th	14th	NUM
emaj-33	65	9	,	,	PUNCT
emaj-33	65	10	1994	1994	NUM
emaj-33	65	11	relating	relate	VERB
emaj-33	65	12	to	to	ADP
emaj-33	65	13	the	the	DET
emaj-33	65	14	reorganization	reorganization	NOUN
emaj-33	65	15	of	of	ADP
emaj-33	65	16	the	the	DET
emaj-33	65	17	financial	financial	ADJ
emaj-33	65	18	market	market	NOUN
emaj-33	65	19	,	,	PUNCT
emaj-33	65	20	it	it	PRON
emaj-33	65	21	presents	present	VERB
emaj-33	65	22	in	in	ADP
emaj-33	65	23	the	the	DET
emaj-33	65	24	title	title	NOUN
emaj-33	65	25	i	i	PRON
emaj-33	65	26	the	the	DET
emaj-33	65	27	different	different	ADJ
emaj-33	65	28	procedures	procedure	NOUN
emaj-33	65	29	for	for	ADP
emaj-33	65	30	information	information	NOUN
emaj-33	65	31	and	and	CCONJ
emaj-33	65	32	publications	publication	NOUN
emaj-33	65	33	required	require	VERB
emaj-33	65	34	by	by	ADP
emaj-33	65	35	the	the	DET
emaj-33	65	36	regulations	regulation	NOUN
emaj-33	65	37	in	in	ADP
emaj-33	65	38	force	force	NOUN
emaj-33	65	39	in	in	ADP
emaj-33	65	40	the	the	DET
emaj-33	65	41	tunisian	tunisian	ADJ
emaj-33	65	42	stock	stock	NOUN
emaj-33	65	43	market	market	NOUN
emaj-33	65	44	.	.	PUNCT
emaj-33	66	1	indeed	indeed	ADV
emaj-33	66	2	,	,	PUNCT
emaj-33	66	3	according	accord	VERB
emaj-33	66	4	to	to	ADP
emaj-33	66	5	this	this	DET
emaj-33	66	6	law	law	NOUN
emaj-33	66	7	,	,	PUNCT
emaj-33	66	8	each	each	DET
emaj-33	66	9	undertaking	undertaking	NOUN
emaj-33	66	10	using	use	VERB
emaj-33	66	11	public	public	ADJ
emaj-33	66	12	savings	saving	NOUN
emaj-33	66	13	has	have	VERB
emaj-33	66	14	to	to	PART
emaj-33	66	15	put	put	VERB
emaj-33	66	16	at	at	ADP
emaj-33	66	17	the	the	DET
emaj-33	66	18	disposal	disposal	NOUN
emaj-33	66	19	of	of	ADP
emaj-33	66	20	the	the	DET
emaj-33	66	21	board	board	NOUN
emaj-33	66	22	of	of	ADP
emaj-33	66	23	the	the	DET
emaj-33	66	24	financial	financial	ADJ
emaj-33	66	25	market	market	NOUN
emaj-33	66	26	(	(	PUNCT
emaj-33	66	27	bfm	bfm	PROPN
emaj-33	66	28	)	)	PUNCT
emaj-33	66	29	and	and	CCONJ
emaj-33	66	30	the	the	DET
emaj-33	66	31	stock	stock	NOUN
emaj-33	66	32	exchange	exchange	PROPN
emaj-33	66	33	securities	security	NOUN
emaj-33	66	34	of	of	ADP
emaj-33	66	35	tunis	tunis	X
emaj-33	66	36	(	(	PUNCT
emaj-33	66	37	sest	sest	X
emaj-33	66	38	)	)	PUNCT
emaj-33	66	39	a	a	DET
emaj-33	66	40	number	number	NOUN
emaj-33	66	41	of	of	ADP
emaj-33	66	42	documents	document	NOUN
emaj-33	66	43	no	no	ADV
emaj-33	66	44	later	later	ADV
emaj-33	66	45	than	than	ADP
emaj-33	66	46	4	4	NUM
emaj-33	66	47	business	business	NOUN
emaj-33	66	48	days	day	NOUN
emaj-33	66	49	after	after	ADP
emaj-33	66	50	the	the	DET
emaj-33	66	51	holding	holding	NOUN
emaj-33	66	52	of	of	ADP
emaj-33	66	53	the	the	DET
emaj-33	66	54	general	general	ADJ
emaj-33	66	55	meeting	meeting	NOUN
emaj-33	66	56	.	.	PUNCT
emaj-33	67	1	in	in	ADP
emaj-33	67	2	addition	addition	NOUN
emaj-33	67	3	,	,	PUNCT
emaj-33	67	4	it	it	PRON
emaj-33	67	5	must	must	AUX
emaj-33	67	6	publish	publish	VERB
emaj-33	67	7	a	a	DET
emaj-33	67	8	prospectus	prospectus	NOUN
emaj-33	67	9	for	for	ADP
emaj-33	67	10	the	the	DET
emaj-33	67	11	information	information	NOUN
emaj-33	67	12	of	of	ADP
emaj-33	67	13	the	the	DET
emaj-33	67	14	public	public	NOUN
emaj-33	67	15	and	and	CCONJ
emaj-33	67	16	its	its	PRON
emaj-33	67	17	conditions	condition	NOUN
emaj-33	67	18	of	of	ADP
emaj-33	67	19	preparations	preparation	NOUN
emaj-33	67	20	.	.	PUNCT
emaj-33	68	1	moreover	moreover	ADV
emaj-33	68	2	,	,	PUNCT
emaj-33	68	3	companies	company	NOUN
emaj-33	68	4	admitted	admit	VERB
emaj-33	68	5	to	to	ADP
emaj-33	68	6	the	the	DET
emaj-33	68	7	side	side	NOUN
emaj-33	68	8	of	of	ADP
emaj-33	68	9	the	the	DET
emaj-33	68	10	stock	stock	NOUN
emaj-33	68	11	exchange	exchange	NOUN
emaj-33	68	12	are	be	AUX
emaj-33	68	13	required	require	VERB
emaj-33	68	14	to	to	PART
emaj-33	68	15	provide	provide	VERB
emaj-33	68	16	to	to	ADP
emaj-33	68	17	the	the	DET
emaj-33	68	18	bfm	bfm	NOUN
emaj-33	68	19	and	and	CCONJ
emaj-33	68	20	the	the	DET
emaj-33	68	21	sest	s	ADJ
emaj-33	68	22	an	an	DET
emaj-33	68	23	interim	interim	ADJ
emaj-33	68	24	states	state	NOUN
emaj-33	68	25	established	establish	VERB
emaj-33	68	26	under	under	ADP
emaj-33	68	27	the	the	DET
emaj-33	68	28	responsibility	responsibility	NOUN
emaj-33	68	29	of	of	ADP
emaj-33	68	30	the	the	DET
emaj-33	68	31	board	board	NOUN
emaj-33	68	32	of	of	ADP
emaj-33	68	33	directors	director	NOUN
emaj-33	68	34	no	no	ADV
emaj-33	68	35	later	later	ADV
emaj-33	68	36	than	than	ADP
emaj-33	68	37	one	one	NUM
emaj-33	68	38	month	month	NOUN
emaj-33	68	39	after	after	ADP
emaj-33	68	40	the	the	DET
emaj-33	68	41	end	end	NOUN
emaj-33	68	42	of	of	ADP
emaj-33	68	43	each	each	DET
emaj-33	68	44	semester	semester	NOUN
emaj-33	68	45	ran	run	VERB
emaj-33	68	46	from	from	ADP
emaj-33	68	47	the	the	DET
emaj-33	68	48	exercise	exercise	NOUN
emaj-33	68	49	.	.	PUNCT
emaj-33	69	1	the	the	DET
emaj-33	69	2	order	order	NOUN
emaj-33	69	3	of	of	ADP
emaj-33	69	4	accounting	accounting	NOUN
emaj-33	69	5	experts	expert	NOUN
emaj-33	69	6	in	in	ADP
emaj-33	69	7	tunisia	tunisia	NOUN
emaj-33	69	8	sets	set	VERB
emaj-33	69	9	the	the	DET
emaj-33	69	10	statements	statement	NOUN
emaj-33	69	11	as	as	ADP
emaj-33	69	12	being	be	AUX
emaj-33	69	13	"	"	PUNCT
emaj-33	69	14	accounting	account	VERB
emaj-33	69	15	documents	document	NOUN
emaj-33	69	16	established	establish	VERB
emaj-33	69	17	,	,	PUNCT
emaj-33	69	18	in	in	ADP
emaj-33	69	19	principle	principle	NOUN
emaj-33	69	20	,	,	PUNCT
emaj-33	69	21	each	each	DET
emaj-33	69	22	year	year	NOUN
emaj-33	69	23	and	and	CCONJ
emaj-33	69	24	usually	usually	ADV
emaj-33	69	25	are	be	AUX
emaj-33	69	26	the	the	DET
emaj-33	69	27	subject	subject	NOUN
emaj-33	69	28	of	of	ADP
emaj-33	69	29	communication	communication	NOUN
emaj-33	69	30	to	to	ADP
emaj-33	69	31	three	three	NUM
emaj-33	69	32	parts	part	NOUN
emaj-33	69	33	(	(	PUNCT
emaj-33	69	34	shareholders	shareholder	NOUN
emaj-33	69	35	,	,	PUNCT
emaj-33	69	36	bankers	banker	NOUN
emaj-33	69	37	and	and	CCONJ
emaj-33	69	38	tax	tax	NOUN
emaj-33	69	39	administrators	administrator	NOUN
emaj-33	69	40	)	)	PUNCT
emaj-33	69	41	.	.	PUNCT
emaj-33	70	1	law	law	NOUN
emaj-33	70	2	no	no	DET
emaj-33	70	3	2005	2005	NUM
emaj-33	70	4	-	-	SYM
emaj-33	70	5	96	96	NUM
emaj-33	70	6	of	of	ADP
emaj-33	70	7	october	october	PROPN
emaj-33	70	8	18th	18th	NOUN
emaj-33	70	9	,	,	PUNCT
emaj-33	70	10	2005	2005	NUM
emaj-33	70	11	on	on	ADP
emaj-33	70	12	strengthening	strengthen	VERB
emaj-33	70	13	the	the	DET
emaj-33	70	14	security	security	NOUN
emaj-33	70	15	of	of	ADP
emaj-33	70	16	financial	financial	ADJ
emaj-33	70	17	relations	relation	NOUN
emaj-33	70	18	includes	include	VERB
emaj-33	70	19	provisions	provision	NOUN
emaj-33	70	20	for	for	ADP
emaj-33	70	21	strengthening	strengthen	VERB
emaj-33	70	22	the	the	DET
emaj-33	70	23	transparency	transparency	NOUN
emaj-33	70	24	of	of	ADP
emaj-33	70	25	financial	financial	ADJ
emaj-33	70	26	transactions	transaction	NOUN
emaj-33	70	27	,	,	PUNCT
emaj-33	70	28	in	in	ADP
emaj-33	70	29	compliance	compliance	NOUN
emaj-33	70	30	with	with	ADP
emaj-33	70	31	the	the	DET
emaj-33	70	32	rules	rule	NOUN
emaj-33	70	33	of	of	ADP
emaj-33	70	34	financial	financial	ADJ
emaj-33	70	35	disclosure	disclosure	NOUN
emaj-33	70	36	for	for	ADP
emaj-33	70	37	all	all	DET
emaj-33	70	38	forms	form	NOUN
emaj-33	70	39	of	of	ADP
emaj-33	70	40	companies	company	NOUN
emaj-33	70	41	and	and	CCONJ
emaj-33	70	42	given	give	VERB
emaj-33	70	43	their	their	PRON
emaj-33	70	44	size	size	NOUN
emaj-33	70	45	,	,	PUNCT
emaj-33	70	46	their	their	PRON
emaj-33	70	47	commitments	commitment	NOUN
emaj-33	70	48	and	and	CCONJ
emaj-33	70	49	their	their	PRON
emaj-33	70	50	activities	activity	NOUN
emaj-33	70	51	.	.	PUNCT
emaj-33	71	1	the	the	DET
emaj-33	71	2	distinction	distinction	NOUN
emaj-33	71	3	between	between	ADP
emaj-33	71	4	the	the	DET
emaj-33	71	5	obligations	obligation	NOUN
emaj-33	71	6	borne	bear	VERB
emaj-33	71	7	by	by	ADP
emaj-33	71	8	corporations	corporation	NOUN
emaj-33	71	9	for	for	ADP
emaj-33	71	10	securing	secure	VERB
emaj-33	71	11	the	the	DET
emaj-33	71	12	information	information	NOUN
emaj-33	71	13	they	they	PRON
emaj-33	71	14	disclose	disclose	VERB
emaj-33	71	15	is	be	AUX
emaj-33	71	16	no	no	ADV
emaj-33	71	17	longer	long	ADV
emaj-33	71	18	,	,	PUNCT
emaj-33	71	19	now	now	ADV
emaj-33	71	20	linked	link	VERB
emaj-33	71	21	to	to	ADP
emaj-33	71	22	the	the	DET
emaj-33	71	23	public	public	ADJ
emaj-33	71	24	call	call	NOUN
emaj-33	71	25	for	for	ADP
emaj-33	71	26	savings	saving	NOUN
emaj-33	71	27	only	only	ADV
emaj-33	71	28	.	.	PUNCT
emaj-33	72	1	this	this	DET
emaj-33	72	2	fundamental	fundamental	ADJ
emaj-33	72	3	change	change	NOUN
emaj-33	72	4	is	be	AUX
emaj-33	72	5	based	base	VERB
emaj-33	72	6	essentially	essentially	ADV
emaj-33	72	7	on	on	ADP
emaj-33	72	8	the	the	DET
emaj-33	72	9	principle	principle	NOUN
emaj-33	72	10	that	that	SCONJ
emaj-33	72	11	financial	financial	ADJ
emaj-33	72	12	transparency	transparency	NOUN
emaj-33	72	13	is	be	AUX
emaj-33	72	14	a	a	DET
emaj-33	72	15	vital	vital	ADJ
emaj-33	72	16	condition	condition	NOUN
emaj-33	72	17	in	in	ADP
emaj-33	72	18	transactions	transaction	NOUN
emaj-33	72	19	and	and	CCONJ
emaj-33	72	20	an	an	DET
emaj-33	72	21	overarching	overarching	ADJ
emaj-33	72	22	principle	principle	NOUN
emaj-33	72	23	between	between	ADP
emaj-33	72	24	the	the	DET
emaj-33	72	25	company	company	NOUN
emaj-33	72	26	and	and	CCONJ
emaj-33	72	27	its	its	PRON
emaj-33	72	28	environment	environment	NOUN
emaj-33	72	29	with	with	ADP
emaj-33	72	30	all	all	DET
emaj-33	72	31	its	its	PRON
emaj-33	72	32	components	component	NOUN
emaj-33	72	33	including	include	VERB
emaj-33	72	34	shareholders	shareholder	NOUN
emaj-33	72	35	,	,	PUNCT
emaj-33	72	36	lenders	lender	NOUN
emaj-33	72	37	,	,	PUNCT
emaj-33	72	38	clients	client	NOUN
emaj-33	72	39	,	,	PUNCT
emaj-33	72	40	suppliers	supplier	NOUN
emaj-33	72	41	and	and	CCONJ
emaj-33	72	42	the	the	DET
emaj-33	72	43	listeners	listener	NOUN
emaj-33	72	44	.	.	PUNCT
emaj-33	73	1	3.materials	3.material	NOUN
emaj-33	73	2	and	and	CCONJ
emaj-33	73	3	methods	method	NOUN
emaj-33	73	4	the	the	DET
emaj-33	73	5	main	main	ADJ
emaj-33	73	6	goal	goal	NOUN
emaj-33	73	7	of	of	ADP
emaj-33	73	8	our	our	PRON
emaj-33	73	9	approach	approach	NOUN
emaj-33	73	10	was	be	AUX
emaj-33	73	11	to	to	PART
emaj-33	73	12	provide	provide	VERB
emaj-33	73	13	taxonomy	taxonomy	NOUN
emaj-33	73	14	of	of	ADP
emaj-33	73	15	tunisian	tunisian	ADJ
emaj-33	73	16	listed	list	VERB
emaj-33	73	17	firms	firm	NOUN
emaj-33	73	18	basing	base	VERB
emaj-33	73	19	on	on	ADP
emaj-33	73	20	the	the	DET
emaj-33	73	21	relation	relation	NOUN
emaj-33	73	22	between	between	ADP
emaj-33	73	23	corporate	corporate	ADJ
emaj-33	73	24	governance	governance	NOUN
emaj-33	73	25	features	feature	NOUN
emaj-33	73	26	and	and	CCONJ
emaj-33	73	27	disclosure	disclosure	NOUN
emaj-33	73	28	quality	quality	NOUN
emaj-33	73	29	.	.	PUNCT
emaj-33	74	1	3.1.sample	3.1.sample	NUM
emaj-33	74	2	selection	selection	NOUN
emaj-33	74	3	data	datum	NOUN
emaj-33	74	4	were	be	AUX
emaj-33	74	5	collected	collect	VERB
emaj-33	74	6	on	on	ADP
emaj-33	74	7	companies	company	NOUN
emaj-33	74	8	listed	list	VERB
emaj-33	74	9	on	on	ADP
emaj-33	74	10	the	the	DET
emaj-33	74	11	tunisian	tunisian	ADJ
emaj-33	74	12	stock	stock	NOUN
emaj-33	74	13	exchange	exchange	PROPN
emaj-33	74	14	,	,	PUNCT
emaj-33	74	15	using	use	VERB
emaj-33	74	16	content	content	NOUN
emaj-33	74	17	analysis	analysis	NOUN
emaj-33	74	18	;	;	PUNCT
emaj-33	74	19	the	the	DET
emaj-33	74	20	sample	sample	NOUN
emaj-33	74	21	consisted	consist	VERB
emaj-33	74	22	of	of	ADP
emaj-33	74	23	46	46	NUM
emaj-33	74	24	tunisian	tunisian	ADJ
emaj-33	74	25	listed	list	VERB
emaj-33	74	26	firms	firm	NOUN
emaj-33	74	27	from	from	ADP
emaj-33	74	28	2001	2001	NUM
emaj-33	74	29	to	to	ADP
emaj-33	74	30	2010	2010	NUM
emaj-33	74	31	.	.	PUNCT
emaj-33	75	1	volume	volume	NOUN
emaj-33	75	2	3	3	NUM
emaj-33	75	3	no	no	DET
emaj-33	75	4	2	2	NUM
emaj-33	75	5	(	(	PUNCT
emaj-33	75	6	2013	2013	NUM
emaj-33	75	7	)	)	PUNCT
emaj-33	75	8	|	|	ADV
emaj-33	75	9	issn	issn	VERB
emaj-33	75	10	2158	2158	NUM
emaj-33	75	11	-	-	SYM
emaj-33	75	12	8708	8708	NUM
emaj-33	75	13	(	(	PUNCT
emaj-33	75	14	online	online	NOUN
emaj-33	75	15	)	)	PUNCT
emaj-33	76	1	|	|	ADV
emaj-33	76	2	10.5195	10.5195	NUM
emaj-33	76	3	/	/	SYM
emaj-33	76	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	76	5	|	|	NOUN
emaj-33	76	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	76	7	corporate	corporate	ADJ
emaj-33	76	8	governance	governance	NOUN
emaj-33	76	9	and	and	CCONJ
emaj-33	76	10	disclosure	disclosure	NOUN
emaj-33	76	11	quality	quality	NOUN
emaj-33	76	12	:	:	PUNCT
emaj-33	76	13	taxonomy	taxonomy	NOUN
emaj-33	76	14	of	of	ADP
emaj-33	76	15	tunisian	tunisian	ADJ
emaj-33	76	16	listed	list	VERB
emaj-33	76	17	firms	firm	NOUN
emaj-33	76	18	using	use	VERB
emaj-33	76	19	the	the	DET
emaj-33	76	20	decision	decision	NOUN
emaj-33	76	21	tree	tree	NOUN
emaj-33	76	22	method	method	NOUN
emaj-33	76	23	based	base	VERB
emaj-33	76	24	approach	approach	NOUN
emaj-33	76	25	emerging	emerge	VERB
emaj-33	76	26	markets	market	NOUN
emaj-33	76	27	journal	journal	NOUN
emaj-33	76	28	|	|	ADV
emaj-33	76	29	p	p	NOUN
emaj-33	76	30	a	a	DET
emaj-33	76	31	g	g	NOUN
emaj-33	76	32	e	e	NOUN
emaj-33	76	33	|	|	ADV
emaj-33	76	34	49	49	NUM
emaj-33	76	35	3.2.measurement	3.2.measurement	NUM
emaj-33	76	36	of	of	ADP
emaj-33	76	37	corporate	corporate	ADJ
emaj-33	76	38	governance	governance	NOUN
emaj-33	76	39	variables	variable	VERB
emaj-33	76	40	corporate	corporate	ADJ
emaj-33	76	41	governance	governance	NOUN
emaj-33	76	42	is	be	AUX
emaj-33	76	43	approached	approach	VERB
emaj-33	76	44	by	by	ADP
emaj-33	76	45	a	a	DET
emaj-33	76	46	set	set	NOUN
emaj-33	76	47	of	of	ADP
emaj-33	76	48	variables	variable	NOUN
emaj-33	76	49	related	relate	VERB
emaj-33	76	50	to	to	ADP
emaj-33	76	51	the	the	DET
emaj-33	76	52	ownership	ownership	NOUN
emaj-33	76	53	structure	structure	NOUN
emaj-33	76	54	,	,	PUNCT
emaj-33	76	55	board	board	NOUN
emaj-33	76	56	of	of	ADP
emaj-33	76	57	directors	director	NOUN
emaj-33	76	58	and	and	CCONJ
emaj-33	76	59	audit	audit	NOUN
emaj-33	76	60	committees	committee	NOUN
emaj-33	76	61	.	.	PUNCT
emaj-33	77	1	the	the	DET
emaj-33	77	2	table	table	NOUN
emaj-33	77	3	1	1	NUM
emaj-33	77	4	below	below	ADP
emaj-33	77	5	summarizes	summarize	NOUN
emaj-33	77	6	definition	definition	NOUN
emaj-33	77	7	and	and	CCONJ
emaj-33	77	8	measurement	measurement	NOUN
emaj-33	77	9	of	of	ADP
emaj-33	77	10	the	the	DET
emaj-33	77	11	different	different	ADJ
emaj-33	77	12	variables	variable	NOUN
emaj-33	77	13	of	of	ADP
emaj-33	77	14	corporate	corporate	ADJ
emaj-33	77	15	governance	governance	NOUN
emaj-33	77	16	used	use	VERB
emaj-33	77	17	in	in	ADP
emaj-33	77	18	this	this	DET
emaj-33	77	19	study	study	NOUN
emaj-33	77	20	:	:	PUNCT
emaj-33	77	21	table	table	NOUN
emaj-33	77	22	i	i	PRON
emaj-33	77	23	–	–	PUNCT
emaj-33	77	24	definitions	definition	NOUN
emaj-33	77	25	and	and	CCONJ
emaj-33	77	26	measurements	measurement	NOUN
emaj-33	77	27	of	of	ADP
emaj-33	77	28	corporate	corporate	ADJ
emaj-33	77	29	governance	governance	NOUN
emaj-33	77	30	variables	variable	NOUN
emaj-33	77	31	owner	owner	NOUN
emaj-33	77	32	ship	ship	NOUN
emaj-33	77	33	structure	structure	NOUN
emaj-33	77	34	fam	fam	PROPN
emaj-33	77	35	family	family	NOUN
emaj-33	77	36	ownership	ownership	NOUN
emaj-33	77	37	:	:	PUNCT
emaj-33	77	38	percentage	percentage	NOUN
emaj-33	77	39	of	of	ADP
emaj-33	77	40	ownership	ownership	NOUN
emaj-33	77	41	held	hold	VERB
emaj-33	77	42	by	by	ADP
emaj-33	77	43	family	family	NOUN
emaj-33	77	44	con	con	PROPN
emaj-33	77	45	cp	cp	PROPN
emaj-33	77	46	ownership	ownership	NOUN
emaj-33	77	47	conce	conce	NOUN
emaj-33	77	48	ntration	ntration	NOUN
emaj-33	77	49	:	:	PUNCT
emaj-33	77	50	percentage	percentage	NOUN
emaj-33	77	51	of	of	ADP
emaj-33	77	52	ownership	ownership	NOUN
emaj-33	77	53	held	hold	VERB
emaj-33	77	54	by	by	ADP
emaj-33	77	55	majority	majority	NOUN
emaj-33	77	56	shareholders	shareholder	NOUN
emaj-33	77	57	(	(	PUNCT
emaj-33	77	58	more	more	ADJ
emaj-33	77	59	than	than	ADP
emaj-33	77	60	5	5	NUM
emaj-33	77	61	%	%	NOUN
emaj-33	77	62	)	)	PUNCT
emaj-33	78	1	eta	eta	INTJ
emaj-33	78	2	pr	pr	PROPN
emaj-33	78	3	state	state	NOUN
emaj-33	78	4	ownership	ownership	NOUN
emaj-33	78	5	:	:	PUNCT
emaj-33	78	6	percentage	percentage	NOUN
emaj-33	78	7	of	of	ADP
emaj-33	78	8	ownership	ownership	NOUN
emaj-33	78	9	held	hold	VERB
emaj-33	78	10	by	by	ADP
emaj-33	78	11	the	the	DET
emaj-33	78	12	state	state	NOUN
emaj-33	78	13	inst	inst	NOUN
emaj-33	78	14	pr	pr	ADP
emaj-33	78	15	institutional	institutional	ADJ
emaj-33	78	16	ownership	ownership	NOUN
emaj-33	78	17	:	:	PUNCT
emaj-33	78	18	percentage	percentage	NOUN
emaj-33	78	19	of	of	ADP
emaj-33	78	20	ownership	ownership	NOUN
emaj-33	78	21	held	hold	VERB
emaj-33	78	22	by	by	ADP
emaj-33	78	23	institutional	institutional	ADJ
emaj-33	78	24	adm	adm	PROPN
emaj-33	78	25	pr	pr	NOUN
emaj-33	78	26	directors	director	NOUN
emaj-33	78	27	ownership	ownership	NOUN
emaj-33	78	28	:	:	PUNCT
emaj-33	78	29	percentage	percentage	NOUN
emaj-33	78	30	of	of	ADP
emaj-33	78	31	ownership	ownership	NOUN
emaj-33	78	32	held	hold	VERB
emaj-33	78	33	by	by	ADP
emaj-33	78	34	directors	director	NOUN
emaj-33	78	35	pm	pm	VERB
emaj-33	78	36	dg	dg	X
emaj-33	78	37	manageial	manageial	ADJ
emaj-33	78	38	ownership	ownership	NOUN
emaj-33	78	39	:	:	PUNCT
emaj-33	78	40	percentage	percentage	NOUN
emaj-33	78	41	of	of	ADP
emaj-33	78	42	ownership	ownership	NOUN
emaj-33	78	43	held	hold	VERB
emaj-33	78	44	by	by	ADP
emaj-33	78	45	managers	manager	NOUN
emaj-33	78	46	audit	audit	NOUN
emaj-33	78	47	commit	commit	VERB
emaj-33	78	48	ee	ee	PROPN
emaj-33	78	49	ca	can	AUX
emaj-33	78	50	dt	dt	PROPN
emaj-33	78	51	existence	existence	NOUN
emaj-33	78	52	of	of	ADP
emaj-33	78	53	an	an	DET
emaj-33	78	54	audit	audit	NOUN
emaj-33	78	55	committee	committee	NOUN
emaj-33	78	56	:	:	PUNCT
emaj-33	78	57	a	a	DET
emaj-33	78	58	binary	binary	ADJ
emaj-33	78	59	variable	variable	NOUN
emaj-33	78	60	equal	equal	ADJ
emaj-33	78	61	to	to	ADP
emaj-33	78	62	1	1	NUM
emaj-33	78	63	if	if	SCONJ
emaj-33	78	64	the	the	DET
emaj-33	78	65	there	there	PRON
emaj-33	78	66	is	be	VERB
emaj-33	78	67	an	an	DET
emaj-33	78	68	audit	audit	NOUN
emaj-33	78	69	committee	committee	NOUN
emaj-33	78	70	and	and	CCONJ
emaj-33	78	71	0	0	NUM
emaj-33	78	72	if	if	SCONJ
emaj-33	78	73	not	not	PART
emaj-33	78	74	big4	big4	VERB
emaj-33	78	75	a	a	DET
emaj-33	78	76	binary	binary	ADJ
emaj-33	78	77	variable	variable	NOUN
emaj-33	78	78	equal	equal	ADJ
emaj-33	78	79	to	to	ADP
emaj-33	78	80	1	1	NUM
emaj-33	78	81	if	if	SCONJ
emaj-33	78	82	the	the	DET
emaj-33	78	83	audit	audit	NOUN
emaj-33	78	84	committee	committee	NOUN
emaj-33	78	85	is	be	AUX
emaj-33	78	86	a	a	DET
emaj-33	78	87	big4	big4	NOUN
emaj-33	78	88	one	one	NUM
emaj-33	78	89	and	and	CCONJ
emaj-33	78	90	0	0	NUM
emaj-33	78	91	if	if	SCONJ
emaj-33	78	92	not	not	PART
emaj-33	78	93	3.3.disclosure	3.3.disclosure	NUM
emaj-33	78	94	index	index	NOUN
emaj-33	78	95	construction	construction	NOUN
emaj-33	78	96	the	the	DET
emaj-33	78	97	study	study	NOUN
emaj-33	78	98	uses	use	VERB
emaj-33	78	99	42	42	NUM
emaj-33	78	100	attributes	attribute	NOUN
emaj-33	78	101	or	or	CCONJ
emaj-33	78	102	items	item	NOUN
emaj-33	78	103	in	in	ADP
emaj-33	78	104	all	all	PRON
emaj-33	78	105	to	to	PART
emaj-33	78	106	measure	measure	VERB
emaj-33	78	107	extent	extent	NOUN
emaj-33	78	108	of	of	ADP
emaj-33	78	109	disclosure	disclosure	NOUN
emaj-33	78	110	in	in	ADP
emaj-33	78	111	tunisia	tunisia	PROPN
emaj-33	78	112	.	.	PUNCT
emaj-33	79	1	this	this	DET
emaj-33	79	2	attributes	attribute	NOUN
emaj-33	79	3	have	have	AUX
emaj-33	79	4	been	be	AUX
emaj-33	79	5	compiled	compile	VERB
emaj-33	79	6	by	by	ADP
emaj-33	79	7	botosan	botosan	PROPN
emaj-33	79	8	(	(	PUNCT
emaj-33	79	9	1997).and	1997).and	NUM
emaj-33	79	10	used	use	VERB
emaj-33	79	11	by	by	ADP
emaj-33	79	12	many	many	ADJ
emaj-33	79	13	previous	previous	ADJ
emaj-33	79	14	studies	study	NOUN
emaj-33	79	15	on	on	ADP
emaj-33	79	16	disclosure	disclosure	NOUN
emaj-33	79	17	.	.	PUNCT
emaj-33	80	1	using	use	VERB
emaj-33	80	2	an	an	DET
emaj-33	80	3	objective	objective	ADJ
emaj-33	80	4	methodology	methodology	NOUN
emaj-33	80	5	,	,	PUNCT
emaj-33	80	6	annual	annual	ADJ
emaj-33	80	7	reports	report	NOUN
emaj-33	80	8	are	be	AUX
emaj-33	80	9	analyzed	analyze	VERB
emaj-33	80	10	for	for	ADP
emaj-33	80	11	common	common	ADJ
emaj-33	80	12	disclosure	disclosure	NOUN
emaj-33	80	13	items	item	NOUN
emaj-33	80	14	grouped	group	VERB
emaj-33	80	15	into	into	ADP
emaj-33	80	16	five	five	NUM
emaj-33	80	17	sub	sub	NOUN
emaj-33	80	18	-	-	NOUN
emaj-33	80	19	categories	category	NOUN
emaj-33	80	20	(	(	PUNCT
emaj-33	80	21	s	s	NOUN
emaj-33	80	22	-	-	PUNCT
emaj-33	80	23	c	c	NOUN
emaj-33	80	24	):	):	PUNCT
emaj-33	80	25	variables	variable	NOUN
emaj-33	80	26	variables	variable	VERB
emaj-33	80	27	definitions	definition	NOUN
emaj-33	80	28	and	and	CCONJ
emaj-33	80	29	measurements	measurement	NOUN
emaj-33	80	30	board	board	NOUN
emaj-33	80	31	of	of	ADP
emaj-33	80	32	directors	director	NOUN
emaj-33	80	33	tailco	tailco	VERB
emaj-33	80	34	the	the	DET
emaj-33	80	35	board	board	NOUN
emaj-33	80	36	size	size	NOUN
emaj-33	80	37	:	:	PUNCT
emaj-33	80	38	number	number	NOUN
emaj-33	80	39	of	of	ADP
emaj-33	80	40	directors	director	NOUN
emaj-33	80	41	in	in	ADP
emaj-33	80	42	the	the	DET
emaj-33	80	43	board	board	NOUN
emaj-33	80	44	admext	admext	NOUN
emaj-33	80	45	the	the	DET
emaj-33	80	46	percentage	percentage	NOUN
emaj-33	80	47	of	of	ADP
emaj-33	80	48	outsiders	outsider	NOUN
emaj-33	80	49	in	in	ADP
emaj-33	80	50	the	the	DET
emaj-33	80	51	board	board	NOUN
emaj-33	80	52	:	:	PUNCT
emaj-33	80	53	number	number	NOUN
emaj-33	80	54	of	of	ADP
emaj-33	80	55	outsiders/	outsiders/	NUM
emaj-33	80	56	total	total	ADJ
emaj-33	80	57	number	number	NOUN
emaj-33	80	58	of	of	ADP
emaj-33	80	59	directors	director	NOUN
emaj-33	80	60	in	in	ADP
emaj-33	80	61	the	the	DET
emaj-33	80	62	board	board	NOUN
emaj-33	80	63	dual	dual	ADJ
emaj-33	80	64	duality	duality	NOUN
emaj-33	80	65	:	:	PUNCT
emaj-33	80	66	a	a	DET
emaj-33	80	67	binary	binary	ADJ
emaj-33	80	68	variable	variable	NOUN
emaj-33	80	69	equal	equal	ADJ
emaj-33	80	70	to	to	ADP
emaj-33	80	71	1	1	NUM
emaj-33	80	72	if	if	SCONJ
emaj-33	80	73	the	the	DET
emaj-33	80	74	manager	manager	NOUN
emaj-33	80	75	is	be	AUX
emaj-33	80	76	member	member	NOUN
emaj-33	80	77	in	in	ADP
emaj-33	80	78	the	the	DET
emaj-33	80	79	board	board	NOUN
emaj-33	80	80	and	and	CCONJ
emaj-33	80	81	0	0	NUM
emaj-33	80	82	if	if	SCONJ
emaj-33	80	83	not	not	PART
emaj-33	80	84	.	.	PUNCT
emaj-33	81	1	mandad	mandad	PROPN
emaj-33	81	2	director	director	NOUN
emaj-33	81	3	mandatory	mandatory	ADJ
emaj-33	81	4	:	:	PUNCT
emaj-33	81	5	number	number	NOUN
emaj-33	81	6	of	of	ADP
emaj-33	81	7	years	year	NOUN
emaj-33	81	8	as	as	ADP
emaj-33	81	9	a	a	DET
emaj-33	81	10	member	member	NOUN
emaj-33	81	11	of	of	ADP
emaj-33	81	12	the	the	DET
emaj-33	81	13	board	board	NOUN
emaj-33	81	14	of	of	ADP
emaj-33	81	15	directors	director	NOUN
emaj-33	81	16	mandma	mandma	PROPN
emaj-33	81	17	manager	manager	NOUN
emaj-33	81	18	mandatory	mandatory	ADJ
emaj-33	81	19	:	:	PUNCT
emaj-33	81	20	number	number	NOUN
emaj-33	81	21	of	of	ADP
emaj-33	81	22	years	year	NOUN
emaj-33	81	23	as	as	ADP
emaj-33	81	24	a	a	DET
emaj-33	81	25	member	member	NOUN
emaj-33	81	26	of	of	ADP
emaj-33	81	27	the	the	DET
emaj-33	81	28	board	board	NOUN
emaj-33	81	29	of	of	ADP
emaj-33	81	30	directors	director	NOUN
emaj-33	81	31	.	.	PUNCT
emaj-33	82	1	ropdg	ropdg	VERB
emaj-33	82	2	ceo	ceo	NOUN
emaj-33	82	3	turnover	turnover	NOUN
emaj-33	82	4	a	a	DET
emaj-33	82	5	binary	binary	ADJ
emaj-33	82	6	variable	variable	NOUN
emaj-33	82	7	equal	equal	ADJ
emaj-33	82	8	to	to	ADP
emaj-33	82	9	1	1	NUM
emaj-33	82	10	if	if	SCONJ
emaj-33	82	11	the	the	DET
emaj-33	82	12	manager	manager	NOUN
emaj-33	82	13	is	be	AUX
emaj-33	82	14	was	be	AUX
emaj-33	82	15	replaced	replace	VERB
emaj-33	82	16	and	and	CCONJ
emaj-33	82	17	0	0	NUM
emaj-33	82	18	if	if	SCONJ
emaj-33	82	19	not	not	PART
emaj-33	82	20	.	.	PUNCT
emaj-33	83	1	dr	dr	PROPN
emaj-33	83	2	.	.	PROPN
emaj-33	83	3	wided	wide	VERB
emaj-33	83	4	khiari	khiari	PROPN
emaj-33	83	5	p	p	PROPN
emaj-33	83	6	a	a	DET
emaj-33	83	7	g	g	NOUN
emaj-33	83	8	e	e	PROPN
emaj-33	83	9	|	|	NOUN
emaj-33	83	10	50|	50|	NUM
emaj-33	83	11	emerging	emerge	VERB
emaj-33	83	12	markets	market	NOUN
emaj-33	83	13	journal	journal	NOUN
emaj-33	83	14	volume	volume	NOUN
emaj-33	83	15	3	3	NUM
emaj-33	83	16	no	no	DET
emaj-33	83	17	2	2	NUM
emaj-33	83	18	(	(	PUNCT
emaj-33	83	19	2013	2013	NUM
emaj-33	83	20	)	)	PUNCT
emaj-33	83	21	|	|	ADV
emaj-33	83	22	issn	issn	VERB
emaj-33	83	23	2158	2158	NUM
emaj-33	83	24	-	-	SYM
emaj-33	83	25	8708	8708	NUM
emaj-33	83	26	(	(	PUNCT
emaj-33	83	27	online	online	NOUN
emaj-33	83	28	)	)	PUNCT
emaj-33	84	1	|	|	ADV
emaj-33	84	2	10.5195	10.5195	NUM
emaj-33	84	3	/	/	SYM
emaj-33	84	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	84	5	|	|	NOUN
emaj-33	84	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	84	7	s	s	PROPN
emaj-33	84	8	-	-	PROPN
emaj-33	84	9	c1	c1	NOUN
emaj-33	84	10	general	general	ADJ
emaj-33	84	11	information	information	NOUN
emaj-33	84	12	on	on	ADP
emaj-33	84	13	the	the	DET
emaj-33	84	14	company	company	NOUN
emaj-33	84	15	;	;	PUNCT
emaj-33	84	16	s	s	X
emaj-33	84	17	-	-	PUNCT
emaj-33	84	18	c	c	NOUN
emaj-33	84	19	2	2	NUM
emaj-33	84	20	information	information	NOUN
emaj-33	84	21	on	on	ADP
emaj-33	84	22	the	the	DET
emaj-33	84	23	direction	direction	NOUN
emaj-33	84	24	and	and	CCONJ
emaj-33	84	25	shareholders	shareholder	NOUN
emaj-33	84	26	;	;	PUNCT
emaj-33	84	27	s	s	X
emaj-33	84	28	-	-	PUNCT
emaj-33	84	29	c	c	NOUN
emaj-33	84	30	3	3	NUM
emaj-33	84	31	non	non	ADJ
emaj-33	84	32	financial	financial	ADJ
emaj-33	84	33	information	information	NOUN
emaj-33	84	34	;	;	PUNCT
emaj-33	84	35	s	s	X
emaj-33	84	36	-	-	PUNCT
emaj-33	84	37	c	c	NOUN
emaj-33	84	38	4	4	NUM
emaj-33	84	39	forecasting	forecasting	NOUN
emaj-33	84	40	information	information	NOUN
emaj-33	84	41	;	;	PUNCT
emaj-33	84	42	s	s	X
emaj-33	84	43	-	-	PUNCT
emaj-33	84	44	c	c	NOUN
emaj-33	84	45	5	5	NUM
emaj-33	84	46	financial	financial	ADJ
emaj-33	84	47	information	information	NOUN
emaj-33	84	48	.	.	PUNCT
emaj-33	85	1	the	the	DET
emaj-33	85	2	table	table	NOUN
emaj-33	85	3	2	2	NUM
emaj-33	85	4	gives	give	VERB
emaj-33	85	5	an	an	DET
emaj-33	85	6	example	example	NOUN
emaj-33	85	7	of	of	ADP
emaj-33	85	8	items	item	NOUN
emaj-33	85	9	relative	relative	ADJ
emaj-33	85	10	to	to	ADP
emaj-33	85	11	the	the	DET
emaj-33	85	12	first	first	ADJ
emaj-33	85	13	sub	sub	NOUN
emaj-33	85	14	-	-	ADJ
emaj-33	85	15	category	category	ADJ
emaj-33	85	16	,	,	PUNCT
emaj-33	85	17	items	item	NOUN
emaj-33	85	18	relative	relative	ADJ
emaj-33	85	19	to	to	ADP
emaj-33	85	20	the	the	DET
emaj-33	85	21	general	general	ADJ
emaj-33	85	22	information	information	NOUN
emaj-33	85	23	on	on	ADP
emaj-33	85	24	the	the	DET
emaj-33	85	25	company	company	NOUN
emaj-33	85	26	:	:	PUNCT
emaj-33	85	27	table	table	NOUN
emaj-33	85	28	ii	ii	PROPN
emaj-33	85	29	–	–	PUNCT
emaj-33	85	30	example	example	NOUN
emaj-33	85	31	of	of	ADP
emaj-33	85	32	items	item	NOUN
emaj-33	85	33	relative	relative	ADJ
emaj-33	85	34	to	to	ADP
emaj-33	85	35	the	the	DET
emaj-33	85	36	sub	sub	NOUN
emaj-33	85	37	-	-	NOUN
emaj-33	85	38	category	category	ADJ
emaj-33	85	39	1	1	NUM
emaj-33	85	40	of	of	ADP
emaj-33	85	41	the	the	DET
emaj-33	85	42	evaluation	evaluation	NOUN
emaj-33	85	43	grid	grid	NOUN
emaj-33	85	44	i	i	PRON
emaj-33	85	45	items	item	VERB
emaj-33	85	46	s	s	PART
emaj-33	85	47	-	-	PUNCT
emaj-33	85	48	c	c	X
emaj-33	85	49	(	(	PUNCT
emaj-33	85	50	1	1	NUM
emaj-33	85	51	)	)	PUNCT
emaj-33	85	52	:	:	PUNCT
emaj-33	85	53	gen	gen	PROPN
emaj-33	85	54	eral	eral	ADJ
emaj-33	85	55	informat	informat	ADJ
emaj-33	85	56	ion	ion	NOUN
emaj-33	85	57	on	on	ADP
emaj-33	85	58	the	the	DET
emaj-33	85	59	company	company	NOUN
emaj-33	85	60	s	s	VERB
emaj-33	85	61	it	it	PRON
emaj-33	85	62	u	u	NOUN
emaj-33	85	63	at	at	ADP
emaj-33	85	64	io	io	PROPN
emaj-33	85	65	n	n	ADP
emaj-33	85	66	e	e	X
emaj-33	85	67	vo	vo	X
emaj-33	85	68	lu	lu	PROPN
emaj-33	85	69	ti	ti	PROPN
emaj-33	85	70	on	on	ADP
emaj-33	85	71	c	c	PROPN
emaj-33	85	72	om	om	PROPN
emaj-33	85	73	m	m	VERB
emaj-33	85	74	en	en	ADP
emaj-33	85	75	ts	ts	ADP
emaj-33	85	76	g	g	PROPN
emaj-33	85	77	ra	ra	PROPN
emaj-33	86	1	p	p	NOUN
emaj-33	86	2	hi	hi	INTJ
emaj-33	87	1	cs	cs	INTJ
emaj-33	88	1	i	i	PRON
emaj-33	88	2	item1	item1	PROPN
emaj-33	88	3	historic	historic	ADJ
emaj-33	88	4	and	and	CCONJ
emaj-33	88	5	presentati	presentati	NOUN
emaj-33	88	6	on	on	ADP
emaj-33	88	7	of	of	ADP
emaj-33	88	8	the	the	DET
emaj-33	88	9	company	company	NOUN
emaj-33	88	10	(	(	PUNCT
emaj-33	88	11	legal	legal	ADJ
emaj-33	88	12	form	form	NOUN
emaj-33	88	13	,	,	PUNCT
emaj-33	88	14	capital	capital	NOUN
emaj-33	88	15	,	,	PUNCT
emaj-33	88	16	creation	creation	NOUN
emaj-33	88	17	date	date	NOUN
emaj-33	88	18	,	,	PUNCT
emaj-33	88	19	organizat	organizat	VERB
emaj-33	88	20	ion	ion	NOUN
emaj-33	88	21	chart	chart	NOUN
emaj-33	88	22	,	,	PUNCT
emaj-33	88	23	…	…	PUNCT
emaj-33	88	24	)	)	PUNCT
emaj-33	89	1	i	i	PRON
emaj-33	89	2	i	i	PROPN
emaj-33	89	3	item2	item2	PROPN
emaj-33	89	4	presentati	presentati	PROPN
emaj-33	89	5	on	on	ADP
emaj-33	89	6	of	of	ADP
emaj-33	89	7	the	the	DET
emaj-33	89	8	company	company	NOUN
emaj-33	89	9	objective	objective	NOUN
emaj-33	89	10	s	s	PART
emaj-33	89	11	item3	item3	PROPN
emaj-33	89	12	presentati	presentati	NOUN
emaj-33	89	13	on	on	ADP
emaj-33	89	14	of	of	ADP
emaj-33	89	15	the	the	DET
emaj-33	89	16	general	general	ADJ
emaj-33	89	17	strategy	strategy	NOUN
emaj-33	89	18	of	of	ADP
emaj-33	89	19	the	the	DET
emaj-33	89	20	company	company	NOUN
emaj-33	89	21	no	no	DET
emaj-33	89	22	item4	item4	NOUN
emaj-33	89	23	presentati	presentati	NOUN
emaj-33	89	24	on	on	ADP
emaj-33	89	25	of	of	ADP
emaj-33	89	26	the	the	DET
emaj-33	89	27	economic	economic	ADJ
emaj-33	89	28	environm	environm	NOUN
emaj-33	89	29	ent	ent	NOUN
emaj-33	89	30	of	of	ADP
emaj-33	89	31	the	the	DET
emaj-33	89	32	company	company	NOUN
emaj-33	89	33	sector	sector	NOUN
emaj-33	89	34	and	and	CCONJ
emaj-33	89	35	its	its	PRON
emaj-33	89	36	impact	impact	NOUN
emaj-33	89	37	item5	item5	NOUN
emaj-33	89	38	actions	action	NOUN
emaj-33	89	39	taken	take	VERB
emaj-33	89	40	by	by	ADP
emaj-33	89	41	the	the	DET
emaj-33	89	42	company	company	NOUN
emaj-33	89	43	to	to	PART
emaj-33	89	44	achieve	achieve	VERB
emaj-33	89	45	its	its	PRON
emaj-33	89	46	objective	objective	NOUN
emaj-33	89	47	s	s	NOUN
emaj-33	89	48	no	no	DET
emaj-33	89	49	item6	item6	NOUN
emaj-33	89	50	descripti	descripti	NOUN
emaj-33	89	51	on	on	ADP
emaj-33	89	52	of	of	ADP
emaj-33	89	53	the	the	DET
emaj-33	89	54	main	main	ADJ
emaj-33	89	55	features	feature	NOUN
emaj-33	89	56	associate	associate	NOUN
emaj-33	89	57	d	d	NOUN
emaj-33	89	58	with	with	SCONJ
emaj-33	89	59	the	the	DET
emaj-33	89	60	company	company	NOUN
emaj-33	89	61	market	market	VERB
emaj-33	89	62	no	no	DET
emaj-33	89	63	volume	volume	NOUN
emaj-33	89	64	3	3	NUM
emaj-33	89	65	no	no	DET
emaj-33	89	66	2	2	NUM
emaj-33	89	67	(	(	PUNCT
emaj-33	89	68	2013	2013	NUM
emaj-33	89	69	)	)	PUNCT
emaj-33	89	70	|	|	ADV
emaj-33	89	71	issn	issn	VERB
emaj-33	89	72	2158	2158	NUM
emaj-33	89	73	-	-	SYM
emaj-33	89	74	8708	8708	NUM
emaj-33	89	75	(	(	PUNCT
emaj-33	89	76	online	online	NOUN
emaj-33	89	77	)	)	PUNCT
emaj-33	90	1	|	|	ADV
emaj-33	90	2	10.5195	10.5195	NUM
emaj-33	90	3	/	/	SYM
emaj-33	90	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	90	5	|	|	NOUN
emaj-33	90	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	90	7	corporate	corporate	ADJ
emaj-33	90	8	governance	governance	NOUN
emaj-33	90	9	and	and	CCONJ
emaj-33	90	10	disclosure	disclosure	NOUN
emaj-33	90	11	quality	quality	NOUN
emaj-33	90	12	:	:	PUNCT
emaj-33	90	13	taxonomy	taxonomy	NOUN
emaj-33	90	14	of	of	ADP
emaj-33	90	15	tunisian	tunisian	ADJ
emaj-33	90	16	listed	list	VERB
emaj-33	90	17	firms	firm	NOUN
emaj-33	90	18	using	use	VERB
emaj-33	90	19	the	the	DET
emaj-33	90	20	decision	decision	NOUN
emaj-33	90	21	tree	tree	NOUN
emaj-33	90	22	method	method	NOUN
emaj-33	90	23	based	base	VERB
emaj-33	90	24	approach	approach	NOUN
emaj-33	90	25	emerging	emerge	VERB
emaj-33	90	26	markets	market	NOUN
emaj-33	90	27	journal	journal	NOUN
emaj-33	90	28	|	|	ADV
emaj-33	90	29	p	p	NOUN
emaj-33	90	30	a	a	DET
emaj-33	90	31	g	g	NOUN
emaj-33	91	1	e	e	NOUN
emaj-33	91	2	|	|	ADV
emaj-33	91	3	51	51	NUM
emaj-33	91	4	item7	item7	ADJ
emaj-33	91	5	data	datum	NOUN
emaj-33	91	6	on	on	ADP
emaj-33	91	7	company	company	NOUN
emaj-33	91	8	info	info	NOUN
emaj-33	91	9	.	.	PUNCT
emaj-33	92	1	sys	sys	PROPN
emaj-33	92	2	.	.	PUNCT
emaj-33	93	1	no	no	DET
emaj-33	93	2	no	no	DET
emaj-33	93	3	criteria	criterion	NOUN
emaj-33	93	4	(	(	PUNCT
emaj-33	93	5	situation	situation	NOUN
emaj-33	93	6	,	,	PUNCT
emaj-33	93	7	graphics	graphic	NOUN
emaj-33	93	8	,	,	PUNCT
emaj-33	93	9	comments	comment	NOUN
emaj-33	93	10	and	and	CCONJ
emaj-33	93	11	variation	variation	NOUN
emaj-33	93	12	)	)	PUNCT
emaj-33	93	13	,	,	PUNCT
emaj-33	93	14	the	the	DET
emaj-33	93	15	use	use	NOUN
emaj-33	93	16	of	of	ADP
emaj-33	93	17	non	non	ADJ
emaj-33	93	18	linear	linear	ADJ
emaj-33	93	19	principle	principle	ADJ
emaj-33	93	20	components	component	NOUN
emaj-33	93	21	analysis	analysis	NOUN
emaj-33	93	22	(	(	PUNCT
emaj-33	93	23	nlpca	nlpca	ADV
emaj-33	93	24	)	)	PUNCT
emaj-33	93	25	is	be	AUX
emaj-33	93	26	an	an	DET
emaj-33	93	27	important	important	ADJ
emaj-33	93	28	step	step	NOUN
emaj-33	93	29	,	,	PUNCT
emaj-33	93	30	which	which	PRON
emaj-33	93	31	allows	allow	VERB
emaj-33	93	32	to	to	PART
emaj-33	93	33	identify	identify	VERB
emaj-33	93	34	,	,	PUNCT
emaj-33	93	35	for	for	ADP
emaj-33	93	36	each	each	DET
emaj-33	93	37	item	item	NOUN
emaj-33	93	38	,	,	PUNCT
emaj-33	93	39	a	a	DET
emaj-33	93	40	combination	combination	NOUN
emaj-33	93	41	of	of	ADP
emaj-33	93	42	factors	factor	NOUN
emaj-33	93	43	built	build	VERB
emaj-33	93	44	on	on	ADP
emaj-33	93	45	the	the	DET
emaj-33	93	46	basis	basis	NOUN
emaj-33	93	47	of	of	ADP
emaj-33	93	48	correlations	correlation	NOUN
emaj-33	93	49	between	between	ADP
emaj-33	93	50	the	the	DET
emaj-33	93	51	different	different	ADJ
emaj-33	93	52	criteria	criterion	NOUN
emaj-33	93	53	of	of	ADP
emaj-33	93	54	each	each	DET
emaj-33	93	55	item	item	NOUN
emaj-33	93	56	.	.	PUNCT
emaj-33	94	1	situation	situation	NOUN
emaj-33	94	2	:	:	PUNCT
emaj-33	94	3	that	that	PRON
emaj-33	94	4	is	be	AUX
emaj-33	94	5	to	to	PART
emaj-33	94	6	say	say	VERB
emaj-33	94	7	,	,	PUNCT
emaj-33	94	8	presenting	present	VERB
emaj-33	94	9	basic	basic	ADJ
emaj-33	94	10	information	information	NOUN
emaj-33	94	11	without	without	ADP
emaj-33	94	12	any	any	DET
emaj-33	94	13	details	detail	NOUN
emaj-33	94	14	(	(	PUNCT
emaj-33	94	15	amount	amount	NOUN
emaj-33	94	16	,	,	PUNCT
emaj-33	94	17	values	value	NOUN
emaj-33	94	18	)	)	PUNCT
emaj-33	94	19	.	.	PUNCT
emaj-33	95	1	comments	comment	NOUN
emaj-33	95	2	:	:	PUNCT
emaj-33	96	1	presentation	presentation	NOUN
emaj-33	96	2	of	of	ADP
emaj-33	96	3	information	information	NOUN
emaj-33	96	4	,	,	PUNCT
emaj-33	96	5	explanation	explanation	NOUN
emaj-33	96	6	and	and	CCONJ
emaj-33	96	7	analysis	analysis	NOUN
emaj-33	96	8	by	by	ADP
emaj-33	96	9	management	management	NOUN
emaj-33	96	10	.	.	PUNCT
emaj-33	97	1	graphics	graphic	NOUN
emaj-33	97	2	:	:	PUNCT
emaj-33	97	3	in	in	ADP
emaj-33	97	4	cases	case	NOUN
emaj-33	97	5	where	where	SCONJ
emaj-33	97	6	the	the	DET
emaj-33	97	7	item	item	NOUN
emaj-33	97	8	would	would	AUX
emaj-33	97	9	be	be	AUX
emaj-33	97	10	presented	present	VERB
emaj-33	97	11	as	as	ADP
emaj-33	97	12	a	a	DET
emaj-33	97	13	histogram	histogram	NOUN
emaj-33	97	14	or	or	CCONJ
emaj-33	97	15	other	other	ADJ
emaj-33	97	16	graph	graph	NOUN
emaj-33	97	17	.	.	PUNCT
emaj-33	98	1	evolution	evolution	NOUN
emaj-33	98	2	:	:	PUNCT
emaj-33	98	3	presentation	presentation	NOUN
emaj-33	98	4	of	of	ADP
emaj-33	98	5	the	the	DET
emaj-33	98	6	evolution	evolution	NOUN
emaj-33	98	7	of	of	ADP
emaj-33	98	8	the	the	DET
emaj-33	98	9	item	item	NOUN
emaj-33	98	10	on	on	ADP
emaj-33	98	11	a	a	DET
emaj-33	98	12	period	period	NOUN
emaj-33	98	13	>	>	X
emaj-33	98	14	or	or	CCONJ
emaj-33	98	15	=	=	SYM
emaj-33	98	16	3	3	NUM
emaj-33	98	17	years	year	NOUN
emaj-33	98	18	.	.	PUNCT
emaj-33	99	1	for	for	ADP
emaj-33	99	2	each	each	DET
emaj-33	99	3	sub	sub	NOUN
emaj-33	99	4	-	-	NOUN
emaj-33	99	5	category	category	NOUN
emaj-33	99	6	and	and	CCONJ
emaj-33	99	7	for	for	ADP
emaj-33	99	8	each	each	DET
emaj-33	99	9	company	company	NOUN
emaj-33	99	10	,	,	PUNCT
emaj-33	99	11	a	a	DET
emaj-33	99	12	disclosure	disclosure	NOUN
emaj-33	99	13	score	score	NOUN
emaj-33	99	14	is	be	AUX
emaj-33	99	15	developed	develop	VERB
emaj-33	99	16	from	from	ADP
emaj-33	99	17	a	a	DET
emaj-33	99	18	binary	binary	ADJ
emaj-33	99	19	evaluation	evaluation	NOUN
emaj-33	99	20	of	of	ADP
emaj-33	99	21	the	the	DET
emaj-33	99	22	number	number	NOUN
emaj-33	99	23	of	of	ADP
emaj-33	99	24	items	item	NOUN
emaj-33	99	25	present	present	ADJ
emaj-33	99	26	in	in	ADP
emaj-33	99	27	their	their	PRON
emaj-33	99	28	annual	annual	ADJ
emaj-33	99	29	reports	report	NOUN
emaj-33	99	30	:	:	PUNCT
emaj-33	99	31	if	if	SCONJ
emaj-33	99	32	a	a	DET
emaj-33	99	33	company	company	NOUN
emaj-33	99	34	discloses	disclose	VERB
emaj-33	99	35	a	a	DET
emaj-33	99	36	particular	particular	ADJ
emaj-33	99	37	attribute	attribute	NOUN
emaj-33	99	38	,	,	PUNCT
emaj-33	99	39	a	a	DET
emaj-33	99	40	score	score	NOUN
emaj-33	99	41	of	of	ADP
emaj-33	99	42	1	1	NUM
emaj-33	99	43	is	be	AUX
emaj-33	99	44	awarded	award	VERB
emaj-33	99	45	and	and	CCONJ
emaj-33	99	46	if	if	SCONJ
emaj-33	99	47	not	not	PART
emaj-33	99	48	a	a	DET
emaj-33	99	49	score	score	NOUN
emaj-33	99	50	of	of	ADP
emaj-33	99	51	0	0	NUM
emaj-33	99	52	is	be	AUX
emaj-33	99	53	awarded	award	VERB
emaj-33	99	54	.	.	PUNCT
emaj-33	100	1	a	a	DET
emaj-33	100	2	similar	similar	ADJ
emaj-33	100	3	approach	approach	NOUN
emaj-33	100	4	has	have	AUX
emaj-33	100	5	been	be	AUX
emaj-33	100	6	adopted	adopt	VERB
emaj-33	100	7	by	by	ADP
emaj-33	100	8	previous	previous	ADJ
emaj-33	100	9	studies	study	NOUN
emaj-33	100	10	on	on	ADP
emaj-33	100	11	disclosure	disclosure	NOUN
emaj-33	100	12	and	and	CCONJ
emaj-33	100	13	corporate	corporate	ADJ
emaj-33	100	14	governance	governance	NOUN
emaj-33	100	15	such	such	ADJ
emaj-33	100	16	as	as	ADP
emaj-33	100	17	pateonel	pateonel	NOUN
emaj-33	100	18	and	and	CCONJ
emaj-33	100	19	al	al	PROPN
emaj-33	100	20	.	.	PROPN
emaj-33	100	21	,	,	PUNCT
emaj-33	100	22	(	(	PUNCT
emaj-33	100	23	2002	2002	NUM
emaj-33	100	24	)	)	PUNCT
emaj-33	100	25	and	and	CCONJ
emaj-33	100	26	tsamenyi	tsamenyi	PROPN
emaj-33	100	27	and	and	CCONJ
emaj-33	100	28	al	al	PROPN
emaj-33	100	29	.	.	PROPN
emaj-33	101	1	(	(	PUNCT
emaj-33	101	2	2007	2007	NUM
emaj-33	101	3	)	)	PUNCT
emaj-33	101	4	.	.	PUNCT
emaj-33	102	1	the	the	DET
emaj-33	102	2	second	second	ADJ
emaj-33	102	3	step	step	NOUN
emaj-33	102	4	consists	consist	VERB
emaj-33	102	5	on	on	ADP
emaj-33	102	6	locating	locate	VERB
emaj-33	102	7	the	the	DET
emaj-33	102	8	position	position	NOUN
emaj-33	102	9	of	of	ADP
emaj-33	102	10	each	each	DET
emaj-33	102	11	company	company	NOUN
emaj-33	102	12	relative	relative	ADJ
emaj-33	102	13	to	to	ADP
emaj-33	102	14	a	a	DET
emaj-33	102	15	target	target	NOUN
emaj-33	102	16	one	one	NUM
emaj-33	102	17	(	(	PUNCT
emaj-33	102	18	a	a	DET
emaj-33	102	19	company	company	NOUN
emaj-33	102	20	which	which	PRON
emaj-33	102	21	is	be	AUX
emaj-33	102	22	considered	consider	VERB
emaj-33	102	23	as	as	ADP
emaj-33	102	24	a	a	DET
emaj-33	102	25	reference).thus	reference).thus	NOUN
emaj-33	102	26	,	,	PUNCT
emaj-33	102	27	we	we	PRON
emaj-33	102	28	proceed	proceed	VERB
emaj-33	102	29	by	by	ADP
emaj-33	102	30	insertion	insertion	NOUN
emaj-33	102	31	of	of	ADP
emaj-33	102	32	an	an	DET
emaj-33	102	33	additional	additional	ADJ
emaj-33	102	34	observation	observation	NOUN
emaj-33	102	35	:	:	PUNCT
emaj-33	102	36	a	a	DET
emaj-33	102	37	fictitious	fictitious	ADJ
emaj-33	102	38	company	company	NOUN
emaj-33	102	39	(	(	PUNCT
emaj-33	102	40	for	for	ADP
emaj-33	102	41	reference	reference	NOUN
emaj-33	102	42	)	)	PUNCT
emaj-33	102	43	that	that	PRON
emaj-33	102	44	discloses	disclose	VERB
emaj-33	102	45	all	all	DET
emaj-33	102	46	information	information	NOUN
emaj-33	102	47	and	and	CCONJ
emaj-33	102	48	which	which	PRON
emaj-33	102	49	will	will	AUX
emaj-33	102	50	be	be	AUX
emaj-33	102	51	used	use	VERB
emaj-33	102	52	as	as	ADP
emaj-33	102	53	a	a	DET
emaj-33	102	54	reference	reference	NOUN
emaj-33	102	55	for	for	ADP
emaj-33	102	56	the	the	DET
emaj-33	102	57	companies	company	NOUN
emaj-33	102	58	of	of	ADP
emaj-33	102	59	the	the	DET
emaj-33	102	60	sample	sample	NOUN
emaj-33	102	61	.	.	PUNCT
emaj-33	103	1	indeed	indeed	ADV
emaj-33	103	2	,	,	PUNCT
emaj-33	103	3	as	as	SCONJ
emaj-33	103	4	shown	show	VERB
emaj-33	103	5	in	in	ADP
emaj-33	103	6	table	table	NOUN
emaj-33	103	7	2	2	NUM
emaj-33	103	8	,	,	PUNCT
emaj-33	103	9	each	each	DET
emaj-33	103	10	item	item	NOUN
emaj-33	103	11	is	be	AUX
emaj-33	103	12	evaluated	evaluate	VERB
emaj-33	103	13	according	accord	VERB
emaj-33	103	14	to	to	ADP
emaj-33	103	15	four	four	NUM
emaj-33	103	16	the	the	DET
emaj-33	103	17	application	application	NOUN
emaj-33	103	18	of	of	ADP
emaj-33	103	19	the	the	DET
emaj-33	103	20	nlpca	nlpca	NOUN
emaj-33	103	21	to	to	ADP
emaj-33	103	22	the	the	DET
emaj-33	103	23	different	different	ADJ
emaj-33	103	24	items	item	NOUN
emaj-33	103	25	of	of	ADP
emaj-33	103	26	each	each	DET
emaj-33	103	27	sub	sub	NOUN
emaj-33	103	28	-	-	ADJ
emaj-33	103	29	category	category	NOUN
emaj-33	103	30	allows	allow	VERB
emaj-33	103	31	identifying	identify	VERB
emaj-33	103	32	,	,	PUNCT
emaj-33	103	33	for	for	ADP
emaj-33	103	34	each	each	DET
emaj-33	103	35	company	company	NOUN
emaj-33	103	36	(	(	PUNCT
emaj-33	103	37	the	the	DET
emaj-33	103	38	companies	company	NOUN
emaj-33	103	39	of	of	ADP
emaj-33	103	40	the	the	DET
emaj-33	103	41	sample	sample	NOUN
emaj-33	103	42	and	and	CCONJ
emaj-33	103	43	the	the	DET
emaj-33	103	44	reference	reference	NOUN
emaj-33	103	45	company	company	NOUN
emaj-33	103	46	)	)	PUNCT
emaj-33	103	47	its	its	PRON
emaj-33	103	48	co	co	NOUN
emaj-33	103	49	-	-	NOUN
emaj-33	103	50	ordinates	ordinate	NOUN
emaj-33	103	51	from	from	ADP
emaj-33	103	52	the	the	DET
emaj-33	103	53	different	different	ADJ
emaj-33	103	54	axes	axis	NOUN
emaj-33	103	55	identified	identify	VERB
emaj-33	103	56	for	for	ADP
emaj-33	103	57	each	each	DET
emaj-33	103	58	item	item	NOUN
emaj-33	103	59	as	as	ADP
emaj-33	103	60	below	below	ADV
emaj-33	103	61	:	:	PUNCT
emaj-33	103	62			PROPN
emaj-33	103	63			PROPN
emaj-33	103	64			PROPN
emaj-33	103	65			PROPN
emaj-33	103	66			PROPN
emaj-33	103	67			PROPN
emaj-33	103	68			PROPN
emaj-33	103	69			PROPN
emaj-33	103	70			PROPN
emaj-33	103	71			PROPN
emaj-33	103	72			PROPN
emaj-33	104	1			PROPN
emaj-33	104	2			PROPN
emaj-33	105	1			PROPN
emaj-33	105	2			NOUN
emaj-33	106	1			PROPN
emaj-33	107	1			PROPN
emaj-33	108	1			PROPN
emaj-33	109	1			PROPN
emaj-33	110	1			PROPN
emaj-33	111	1			PROPN
emaj-33	112	1			PROPN
emaj-33	113	1			PROPN
emaj-33	114	1			PROPN
emaj-33	115	1			PROPN
emaj-33	116	1			PROPN
emaj-33	117	1			PROPN
emaj-33	118	1			PROPN
emaj-33	119	1			PROPN
emaj-33	119	2			PROPN
emaj-33	120	1			PROPN
emaj-33	120	2			NOUN
emaj-33	121	1	k	k	NOUN
emaj-33	121	2	2	2	NUM
emaj-33	121	3	k	k	NOUN
emaj-33	121	4	1	1	NUM
emaj-33	121	5	2	2	NUM
emaj-33	121	6	2	2	NUM
emaj-33	121	7	2	2	NUM
emaj-33	121	8	1	1	NUM
emaj-33	121	9	1	1	NUM
emaj-33	121	10	2	2	NUM
emaj-33	121	11	1	1	NUM
emaj-33	121	12	1	1	NUM
emaj-33	121	13	i	i	NOUN
emaj-33	121	14	x	x	X
emaj-33	121	15	x	x	X
emaj-33	121	16	.	.	PUNCT
emaj-33	121	17	..	..	PUNCT
emaj-33	121	18	.	.	PUNCT
emaj-33	121	19	.	.	PUNCT
emaj-33	121	20	.	.	PUNCT
emaj-33	122	1	x	x	PUNCT
emaj-33	123	1	x	x	PUNCT
emaj-33	123	2	x	x	PUNCT
emaj-33	123	3	x	x	SYM
emaj-33	123	4	f	f	PROPN
emaj-33	123	5			PROPN
emaj-33	123	6			PROPN
emaj-33	123	7			PROPN
emaj-33	123	8			PROPN
emaj-33	123	9			PROPN
emaj-33	123	10			PROPN
emaj-33	123	11			PROPN
emaj-33	123	12			PROPN
emaj-33	123	13			PROPN
emaj-33	123	14			PROPN
emaj-33	123	15			PROPN
emaj-33	123	16			PROPN
emaj-33	123	17			PROPN
emaj-33	124	1			PROPN
emaj-33	124	2			NOUN
emaj-33	125	1			PROPN
emaj-33	126	1			PROPN
emaj-33	127	1			PROPN
emaj-33	128	1			PROPN
emaj-33	129	1			PROPN
emaj-33	130	1			PROPN
emaj-33	131	1			PROPN
emaj-33	132	1			PROPN
emaj-33	133	1			PROPN
emaj-33	134	1			PROPN
emaj-33	135	1			PROPN
emaj-33	136	1			PROPN
emaj-33	137	1			PROPN
emaj-33	138	1			PROPN
emaj-33	138	2			PROPN
emaj-33	139	1			PROPN
emaj-33	139	2			NOUN
emaj-33	140	1	k	k	NOUN
emaj-33	140	2	2	2	NUM
emaj-33	140	3	k	k	NOUN
emaj-33	140	4	1	1	NUM
emaj-33	140	5	2	2	NUM
emaj-33	140	6	2	2	NUM
emaj-33	140	7	2	2	NUM
emaj-33	140	8	1	1	NUM
emaj-33	140	9	1	1	NUM
emaj-33	140	10	2	2	NUM
emaj-33	140	11	1	1	NUM
emaj-33	140	12	1	1	NUM
emaj-33	140	13	r	r	NOUN
emaj-33	140	14	y	y	PROPN
emaj-33	140	15	y	y	PROPN
emaj-33	140	16	.	.	PUNCT
emaj-33	140	17	..	..	PUNCT
emaj-33	140	18	.	.	PUNCT
emaj-33	140	19	.	.	PUNCT
emaj-33	140	20	.	.	PUNCT
emaj-33	141	1	y	y	PROPN
emaj-33	141	2	y	y	PROPN
emaj-33	141	3	y	y	PROPN
emaj-33	141	4	y	y	PROPN
emaj-33	141	5	f	f	PROPN
emaj-33	141	6	where	where	SCONJ
emaj-33	141	7	;	;	PUNCT
emaj-33	141	8	k	k	X
emaj-33	141	9	is	be	AUX
emaj-33	141	10	the	the	DET
emaj-33	141	11	number	number	NOUN
emaj-33	141	12	of	of	ADP
emaj-33	141	13	items	item	NOUN
emaj-33	141	14	of	of	ADP
emaj-33	141	15	the	the	DET
emaj-33	141	16	evaluation	evaluation	NOUN
emaj-33	141	17	grid	grid	NOUN
emaj-33	141	18	fi	fi	NOUN
emaj-33	141	19	represents	represent	VERB
emaj-33	141	20	coordinates	coordinate	NOUN
emaj-33	141	21	of	of	ADP
emaj-33	141	22	the	the	DET
emaj-33	141	23	company	company	NOUN
emaj-33	141	24	i	i	PRON
emaj-33	141	25	on	on	ADP
emaj-33	141	26	different	different	ADJ
emaj-33	141	27	axes	axis	NOUN
emaj-33	141	28	,	,	PUNCT
emaj-33	141	29	i	i	PRON
emaj-33	141	30	=	=	NOUN
emaj-33	141	31	1	1	NUM
emaj-33	141	32	,	,	PUNCT
emaj-33	141	33	...	...	PUNCT
emaj-33	141	34	,	,	PUNCT
emaj-33	141	35	46	46	NUM
emaj-33	141	36	;	;	PUNCT
emaj-33	141	37	dr	dr	PROPN
emaj-33	141	38	.	.	PROPN
emaj-33	141	39	wided	wide	VERB
emaj-33	141	40	khiari	khiari	PROPN
emaj-33	141	41	p	p	PROPN
emaj-33	141	42	a	a	DET
emaj-33	141	43	g	g	NOUN
emaj-33	141	44	e	e	NOUN
emaj-33	141	45	|	|	ADV
emaj-33	141	46	52|	52|	NUM
emaj-33	141	47	emerging	emerge	VERB
emaj-33	141	48	markets	market	NOUN
emaj-33	141	49	journal	journal	NOUN
emaj-33	141	50	volume	volume	NOUN
emaj-33	141	51	3	3	NUM
emaj-33	141	52	no	no	DET
emaj-33	141	53	2	2	NUM
emaj-33	141	54	(	(	PUNCT
emaj-33	141	55	2013	2013	NUM
emaj-33	141	56	)	)	PUNCT
emaj-33	141	57	|	|	ADV
emaj-33	141	58	issn	issn	VERB
emaj-33	141	59	2158	2158	NUM
emaj-33	141	60	-	-	SYM
emaj-33	141	61	8708	8708	NUM
emaj-33	141	62	(	(	PUNCT
emaj-33	141	63	online	online	NOUN
emaj-33	141	64	)	)	PUNCT
emaj-33	142	1	|	|	ADV
emaj-33	142	2	10.5195	10.5195	NUM
emaj-33	142	3	/	/	SYM
emaj-33	142	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	142	5	|	|	NOUN
emaj-33	142	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	142	7	fr	fr	NOUN
emaj-33	142	8	represents	represent	VERB
emaj-33	142	9	coordinates	coordinate	NOUN
emaj-33	142	10	of	of	ADP
emaj-33	142	11	the	the	DET
emaj-33	142	12	reference	reference	NOUN
emaj-33	142	13	company	company	NOUN
emaj-33	142	14	on	on	ADP
emaj-33	142	15	the	the	DET
emaj-33	142	16	various	various	ADJ
emaj-33	142	17	axes	axis	NOUN
emaj-33	142	18	.	.	PUNCT
emaj-33	143	1	k	k	PROPN
emaj-33	143	2	1x	1x	PROPN
emaj-33	143	3	and	and	CCONJ
emaj-33	143	4	k	k	PROPN
emaj-33	143	5	2x	2x	PROPN
emaj-33	143	6	represent	represent	VERB
emaj-33	143	7	coordinates	coordinate	NOUN
emaj-33	143	8	of	of	ADP
emaj-33	143	9	each	each	DET
emaj-33	143	10	firm	firm	NOUN
emaj-33	143	11	relating	relate	VERB
emaj-33	143	12	to	to	ADP
emaj-33	143	13	the	the	DET
emaj-33	143	14	item	item	NOUN
emaj-33	143	15	k	k	PROPN
emaj-33	143	16	,	,	PUNCT
emaj-33	143	17	k	k	PROPN
emaj-33	144	1	=	=	SYM
emaj-33	145	1	1,	1,	NUM
emaj-33	145	2	…	…	SYM
emaj-33	145	3	..	..	PUNCT
emaj-33	146	1	,42	,42	PROPN
emaj-33	146	2	;	;	PUNCT
emaj-33	146	3	k	k	PROPN
emaj-33	146	4	1y	1y	VERB
emaj-33	146	5	et	et	VERB
emaj-33	146	6	k	k	PROPN
emaj-33	146	7	2y	2y	PROPN
emaj-33	146	8	represent	represent	VERB
emaj-33	146	9	coordinates	coordinate	NOUN
emaj-33	146	10	of	of	ADP
emaj-33	146	11	the	the	DET
emaj-33	146	12	reference	reference	NOUN
emaj-33	146	13	company	company	NOUN
emaj-33	146	14	relating	relate	VERB
emaj-33	146	15	to	to	ADP
emaj-33	146	16	the	the	DET
emaj-33	146	17	item	item	NOUN
emaj-33	146	18	k.	k.	PROPN
emaj-33	147	1	the	the	DET
emaj-33	147	2	table	table	NOUN
emaj-33	147	3	3	3	NUM
emaj-33	147	4	below	below	ADP
emaj-33	147	5	presents	present	NOUN
emaj-33	147	6	results	result	NOUN
emaj-33	147	7	of	of	ADP
emaj-33	147	8	the	the	DET
emaj-33	147	9	nlpca	nlpca	NOUN
emaj-33	147	10	applied	apply	VERB
emaj-33	147	11	to	to	ADP
emaj-33	147	12	the	the	DET
emaj-33	147	13	first	first	ADJ
emaj-33	147	14	three	three	NUM
emaj-33	147	15	items	item	NOUN
emaj-33	147	16	of	of	ADP
emaj-33	147	17	the	the	DET
emaj-33	147	18	first	first	ADJ
emaj-33	147	19	sub	sub	NOUN
emaj-33	147	20	-	-	ADJ
emaj-33	147	21	category	category	ADJ
emaj-33	147	22	:	:	PUNCT
emaj-33	147	23	table	table	NOUN
emaj-33	147	24	iii	iii	X
emaj-33	147	25	–	–	PUNCT
emaj-33	147	26	results	result	NOUN
emaj-33	147	27	of	of	ADP
emaj-33	147	28	the	the	DET
emaj-33	147	29	nlpca	nlpca	NOUN
emaj-33	147	30	applied	apply	VERB
emaj-33	147	31	to	to	ADP
emaj-33	147	32	the	the	DET
emaj-33	147	33	first	first	ADJ
emaj-33	147	34	sub	sub	NOUN
emaj-33	147	35	category	category	NOUN
emaj-33	147	36	i	i	PRON
emaj-33	147	37	items	item	VERB
emaj-33	147	38	s	s	PART
emaj-33	147	39	-	-	PUNCT
emaj-33	147	40	c	c	X
emaj-33	147	41	(	(	PUNCT
emaj-33	147	42	1	1	NUM
emaj-33	147	43	)	)	PUNCT
emaj-33	147	44	:	:	PUNCT
emaj-33	147	45	general	general	ADJ
emaj-33	147	46	information	information	NOUN
emaj-33	147	47	on	on	ADP
emaj-33	147	48	the	the	DET
emaj-33	147	49	company	company	NOUN
emaj-33	147	50	axes	axis	NOUN
emaj-33	147	51	x	x	PUNCT
emaj-33	147	52	1	1	NUM
emaj-33	147	53	x	x	SYM
emaj-33	147	54	2	2	NUM
emaj-33	147	55	i	i	PRON
emaj-33	147	56	item1	item1	PROPN
emaj-33	147	57	historic	historic	ADJ
emaj-33	147	58	and	and	CCONJ
emaj-33	147	59	presentation	presentation	NOUN
emaj-33	147	60	of	of	ADP
emaj-33	147	61	the	the	DET
emaj-33	147	62	company	company	NOUN
emaj-33	147	63	(	(	PUNCT
emaj-33	147	64	situation	situation	NOUN
emaj-33	147	65	)	)	PUNCT
emaj-33	147	66	0	0	NUM
emaj-33	148	1	.641	.641	NUM
emaj-33	148	2	historic	historic	ADJ
emaj-33	148	3	and	and	CCONJ
emaj-33	148	4	presentation	presentation	NOUN
emaj-33	148	5	of	of	ADP
emaj-33	148	6	the	the	DET
emaj-33	148	7	company	company	NOUN
emaj-33	148	8	(	(	PUNCT
emaj-33	148	9	evolution	evolution	NOUN
emaj-33	148	10	)	)	PUNCT
emaj-33	148	11	0	0	NUM
emaj-33	149	1	.776	.776	NUM
emaj-33	149	2	historic	historic	ADJ
emaj-33	149	3	and	and	CCONJ
emaj-33	149	4	presentation	presentation	NOUN
emaj-33	149	5	of	of	ADP
emaj-33	149	6	the	the	DET
emaj-33	149	7	company	company	NOUN
emaj-33	149	8	(	(	PUNCT
emaj-33	149	9	comments	comment	NOUN
emaj-33	149	10	)	)	PUNCT
emaj-33	149	11	0	0	NUM
emaj-33	149	12	.449	.449	NUM
emaj-33	149	13	historic	historic	ADJ
emaj-33	149	14	and	and	CCONJ
emaj-33	149	15	presentation	presentation	NOUN
emaj-33	149	16	of	of	ADP
emaj-33	149	17	the	the	DET
emaj-33	149	18	company	company	NOUN
emaj-33	149	19	(	(	PUNCT
emaj-33	149	20	graphic	graphic	ADJ
emaj-33	149	21	)	)	PUNCT
emaj-33	149	22	0	0	NUM
emaj-33	149	23	.658	.658	NUM
emaj-33	149	24	proper	proper	ADJ
emaj-33	149	25	values	value	NOUN
emaj-33	149	26	1	1	NUM
emaj-33	149	27	.864	.864	NUM
emaj-33	149	28	1	1	NUM
emaj-33	149	29	.106	.106	NUM
emaj-33	149	30	%	%	NOUN
emaj-33	149	31	of	of	ADP
emaj-33	149	32	the	the	DET
emaj-33	149	33	variances	variance	NOUN
emaj-33	149	34	explained	explain	VERB
emaj-33	149	35	by	by	ADP
emaj-33	149	36	the	the	DET
emaj-33	149	37	factor	factor	NOUN
emaj-33	149	38	4	4	NUM
emaj-33	149	39	6.597	6.597	NUM
emaj-33	149	40	2	2	NUM
emaj-33	149	41	7.644	7.644	NUM
emaj-33	149	42	total	total	ADJ
emaj-33	149	43	variance	variance	NOUN
emaj-33	149	44	74.242	74.242	NUM
emaj-33	149	45	i	i	PROPN
emaj-33	149	46	item2	item2	PROPN
emaj-33	149	47	presentation	presentation	NOUN
emaj-33	149	48	of	of	ADP
emaj-33	149	49	the	the	DET
emaj-33	149	50	company	company	NOUN
emaj-33	149	51	objectives	objective	NOUN
emaj-33	149	52	(	(	PUNCT
emaj-33	149	53	situation	situation	NOUN
emaj-33	149	54	)	)	PUNCT
emaj-33	149	55	0	0	PUNCT
emaj-33	150	1	.774	.774	NUM
emaj-33	150	2	presentation	presentation	NOUN
emaj-33	150	3	of	of	ADP
emaj-33	150	4	the	the	DET
emaj-33	150	5	company	company	NOUN
emaj-33	150	6	objectives	objective	NOUN
emaj-33	150	7	(	(	PUNCT
emaj-33	150	8	evolution	evolution	NOUN
emaj-33	150	9	)	)	PUNCT
emaj-33	150	10	0	0	NUM
emaj-33	150	11	.673	.673	NUM
emaj-33	150	12	presentation	presentation	NOUN
emaj-33	150	13	of	of	ADP
emaj-33	150	14	the	the	DET
emaj-33	150	15	company	company	NOUN
emaj-33	150	16	objectives	objective	NOUN
emaj-33	150	17	(	(	PUNCT
emaj-33	150	18	comments	comment	NOUN
emaj-33	150	19	)	)	PUNCT
emaj-33	150	20	0	0	NUM
emaj-33	150	21	.769	.769	NUM
emaj-33	150	22	presentation	presentation	NOUN
emaj-33	150	23	of	of	ADP
emaj-33	150	24	the	the	DET
emaj-33	150	25	company	company	NOUN
emaj-33	150	26	objectives	objective	NOUN
emaj-33	150	27	(	(	PUNCT
emaj-33	150	28	graphic	graphic	ADJ
emaj-33	150	29	)	)	PUNCT
emaj-33	150	30	0	0	SYM
emaj-33	151	1	.699	.699	NUM
emaj-33	151	2	proper	proper	ADJ
emaj-33	151	3	values	value	NOUN
emaj-33	151	4	1	1	NUM
emaj-33	151	5	.692	.692	NUM
emaj-33	151	6	1	1	NUM
emaj-33	151	7	.338	.338	NUM
emaj-33	151	8	%	%	NOUN
emaj-33	151	9	of	of	ADP
emaj-33	151	10	variances	variance	NOUN
emaj-33	151	11	explained	explain	VERB
emaj-33	151	12	by	by	ADP
emaj-33	151	13	the	the	DET
emaj-33	151	14	factor	factor	NOUN
emaj-33	151	15	4	4	NUM
emaj-33	151	16	2.294	2.294	NUM
emaj-33	151	17	3	3	NUM
emaj-33	151	18	3.459	3.459	NUM
emaj-33	151	19	total	total	ADJ
emaj-33	151	20	variance	variance	NOUN
emaj-33	151	21	75.753	75.753	NUM
emaj-33	151	22	i	i	NOUN
emaj-33	151	23	item3	item3	PROPN
emaj-33	151	24	presentation	presentation	NOUN
emaj-33	151	25	of	of	ADP
emaj-33	151	26	the	the	DET
emaj-33	151	27	general	general	ADJ
emaj-33	151	28	strategy	strategy	NOUN
emaj-33	151	29	of	of	ADP
emaj-33	151	30	the	the	DET
emaj-33	151	31	company	company	NOUN
emaj-33	151	32	(	(	PUNCT
emaj-33	151	33	situation	situation	NOUN
emaj-33	151	34	)	)	PUNCT
emaj-33	151	35	0	0	NUM
emaj-33	151	36	.924	.924	NUM
emaj-33	151	37	presentation	presentation	NOUN
emaj-33	151	38	of	of	ADP
emaj-33	151	39	the	the	DET
emaj-33	151	40	general	general	ADJ
emaj-33	151	41	strategy	strategy	NOUN
emaj-33	151	42	of	of	ADP
emaj-33	151	43	the	the	DET
emaj-33	151	44	company	company	NOUN
emaj-33	151	45	(	(	PUNCT
emaj-33	151	46	evolution	evolution	NOUN
emaj-33	151	47	)	)	PUNCT
emaj-33	151	48	0	0	NUM
emaj-33	151	49	.992	.992	NUM
emaj-33	151	50	presentation	presentation	NOUN
emaj-33	151	51	of	of	ADP
emaj-33	151	52	the	the	DET
emaj-33	151	53	general	general	ADJ
emaj-33	151	54	strategy	strategy	NOUN
emaj-33	151	55	of	of	ADP
emaj-33	151	56	the	the	DET
emaj-33	151	57	company	company	NOUN
emaj-33	151	58	(	(	PUNCT
emaj-33	151	59	comments	comment	NOUN
emaj-33	151	60	)	)	PUNCT
emaj-33	151	61	0	0	NUM
emaj-33	152	1	.918	.918	NUM
emaj-33	152	2	proper	proper	ADJ
emaj-33	152	3	values	value	NOUN
emaj-33	152	4	1	1	NUM
emaj-33	152	5	.713	.713	NUM
emaj-33	152	6	0	0	NUM
emaj-33	152	7	.997	.997	NUM
emaj-33	152	8	%	%	NOUN
emaj-33	152	9	of	of	ADP
emaj-33	152	10	variances	variance	NOUN
emaj-33	152	11	explained	explain	VERB
emaj-33	152	12	by	by	ADP
emaj-33	152	13	the	the	DET
emaj-33	152	14	factor	factor	NOUN
emaj-33	152	15	5	5	NUM
emaj-33	152	16	7.087	7.087	NUM
emaj-33	152	17	3	3	NUM
emaj-33	152	18	3.221	3.221	NUM
emaj-33	152	19	total	total	ADJ
emaj-33	152	20	variance	variance	NOUN
emaj-33	152	21	90.308	90.308	NUM
emaj-33	152	22	volume	volume	NOUN
emaj-33	152	23	3	3	NUM
emaj-33	152	24	no	no	DET
emaj-33	152	25	2	2	NUM
emaj-33	152	26	(	(	PUNCT
emaj-33	152	27	2013	2013	NUM
emaj-33	152	28	)	)	PUNCT
emaj-33	152	29	|	|	ADV
emaj-33	152	30	issn	issn	VERB
emaj-33	152	31	2158	2158	NUM
emaj-33	152	32	-	-	SYM
emaj-33	152	33	8708	8708	NUM
emaj-33	152	34	(	(	PUNCT
emaj-33	152	35	online	online	NOUN
emaj-33	152	36	)	)	PUNCT
emaj-33	152	37	|	|	ADV
emaj-33	152	38	10.5195	10.5195	NUM
emaj-33	152	39	/	/	SYM
emaj-33	152	40	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	152	41	|	|	NOUN
emaj-33	152	42	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	152	43	corporate	corporate	ADJ
emaj-33	152	44	governance	governance	NOUN
emaj-33	152	45	and	and	CCONJ
emaj-33	152	46	disclosure	disclosure	NOUN
emaj-33	152	47	quality	quality	NOUN
emaj-33	152	48	:	:	PUNCT
emaj-33	152	49	taxonomy	taxonomy	NOUN
emaj-33	152	50	of	of	ADP
emaj-33	152	51	tunisian	tunisian	ADJ
emaj-33	152	52	listed	list	VERB
emaj-33	152	53	firms	firm	NOUN
emaj-33	152	54	using	use	VERB
emaj-33	152	55	the	the	DET
emaj-33	152	56	decision	decision	NOUN
emaj-33	152	57	tree	tree	NOUN
emaj-33	152	58	method	method	NOUN
emaj-33	152	59	based	base	VERB
emaj-33	152	60	approach	approach	NOUN
emaj-33	152	61	emerging	emerge	VERB
emaj-33	152	62	markets	market	NOUN
emaj-33	152	63	journal	journal	NOUN
emaj-33	152	64	|	|	ADV
emaj-33	152	65	p	p	NOUN
emaj-33	152	66	a	a	DET
emaj-33	152	67	g	g	NOUN
emaj-33	152	68	e	e	NOUN
emaj-33	152	69	|	|	NOUN
emaj-33	152	70	53	53	NUM
emaj-33	152	71	the	the	DET
emaj-33	152	72	next	next	ADJ
emaj-33	152	73	step	step	NOUN
emaj-33	152	74	consists	consist	VERB
emaj-33	152	75	on	on	ADP
emaj-33	152	76	computing	compute	VERB
emaj-33	152	77	a	a	DET
emaj-33	152	78	disclosure	disclosure	NOUN
emaj-33	152	79	index	index	NOUN
emaj-33	152	80	for	for	ADP
emaj-33	152	81	each	each	DET
emaj-33	152	82	sub	sub	NOUN
emaj-33	152	83	-	-	NOUN
emaj-33	152	84	category	category	NOUN
emaj-33	152	85	of	of	ADP
emaj-33	152	86	the	the	DET
emaj-33	152	87	grid	grid	NOUN
emaj-33	152	88	.	.	PUNCT
emaj-33	153	1	so	so	ADV
emaj-33	153	2	,	,	PUNCT
emaj-33	153	3	for	for	ADP
emaj-33	153	4	each	each	DET
emaj-33	153	5	sub	sub	NOUN
emaj-33	153	6	-	-	NOUN
emaj-33	153	7	category	category	ADJ
emaj-33	153	8	,	,	PUNCT
emaj-33	153	9	the	the	DET
emaj-33	153	10	extent	extent	NOUN
emaj-33	153	11	of	of	ADP
emaj-33	153	12	the	the	DET
emaj-33	153	13	disclosure	disclosure	NOUN
emaj-33	153	14	of	of	ADP
emaj-33	153	15	the	the	DET
emaj-33	153	16	firm	firm	NOUN
emaj-33	153	17	i	i	PRON
emaj-33	153	18	is	be	AUX
emaj-33	153	19	measured	measure	VERB
emaj-33	153	20	by	by	ADP
emaj-33	153	21	the	the	DET
emaj-33	153	22	euclidean	euclidean	ADJ
emaj-33	153	23	,	,	PUNCT
emaj-33	153	24	distance	distance	NOUN
emaj-33	153	25	which	which	PRON
emaj-33	153	26	is	be	AUX
emaj-33	153	27	the	the	DET
emaj-33	153	28	root	root	NOUN
emaj-33	153	29	of	of	ADP
emaj-33	153	30	the	the	DET
emaj-33	153	31	sum	sum	NOUN
emaj-33	153	32	of	of	ADP
emaj-33	153	33	the	the	DET
emaj-33	153	34	squares	square	NOUN
emaj-33	153	35	of	of	ADP
emaj-33	153	36	the	the	DET
emaj-33	153	37	differences	difference	NOUN
emaj-33	153	38	of	of	ADP
emaj-33	153	39	the	the	DET
emaj-33	153	40	coordinates	coordinate	NOUN
emaj-33	153	41	of	of	ADP
emaj-33	153	42	the	the	DET
emaj-33	153	43	firm	firm	NOUN
emaj-33	153	44	in	in	ADP
emaj-33	153	45	question	question	NOUN
emaj-33	153	46	and	and	CCONJ
emaj-33	153	47	the	the	DET
emaj-33	153	48	firm	firm	NOUN
emaj-33	153	49	of	of	ADP
emaj-33	153	50	reference	reference	NOUN
emaj-33	153	51	.	.	PUNCT
emaj-33	154	1	indeed	indeed	ADV
emaj-33	154	2	,	,	PUNCT
emaj-33	154	3	the	the	DET
emaj-33	154	4	objective	objective	NOUN
emaj-33	154	5	here	here	ADV
emaj-33	154	6	is	be	AUX
emaj-33	154	7	to	to	PART
emaj-33	154	8	describe	describe	VERB
emaj-33	154	9	the	the	DET
emaj-33	154	10	proximities	proximity	NOUN
emaj-33	154	11	between	between	ADP
emaj-33	154	12	the	the	DET
emaj-33	154	13	sample	sample	NOUN
emaj-33	154	14	companies	company	NOUN
emaj-33	154	15	and	and	CCONJ
emaj-33	154	16	the	the	DET
emaj-33	154	17	reference	reference	NOUN
emaj-33	154	18	company	company	NOUN
emaj-33	154	19	,	,	PUNCT
emaj-33	154	20	which	which	PRON
emaj-33	154	21	discloses	disclose	VERB
emaj-33	154	22	all	all	DET
emaj-33	154	23	information	information	NOUN
emaj-33	154	24	and	and	CCONJ
emaj-33	154	25	which	which	PRON
emaj-33	154	26	is	be	AUX
emaj-33	154	27	considered	consider	VERB
emaj-33	154	28	as	as	ADP
emaj-33	154	29	a	a	DET
emaj-33	154	30	referential	referential	NOUN
emaj-33	154	31	for	for	ADP
emaj-33	154	32	disclosure	disclosure	NOUN
emaj-33	154	33	:	:	PUNCT
emaj-33	154	34	more	more	ADJ
emaj-33	154	35	the	the	DET
emaj-33	154	36	distance	distance	NOUN
emaj-33	154	37	that	that	PRON
emaj-33	154	38	separates	separate	VERB
emaj-33	154	39	the	the	DET
emaj-33	154	40	company	company	NOUN
emaj-33	154	41	i	i	PRON
emaj-33	154	42	of	of	ADP
emaj-33	154	43	the	the	DET
emaj-33	154	44	company	company	NOUN
emaj-33	154	45	of	of	ADP
emaj-33	154	46	reference	reference	NOUN
emaj-33	154	47	is	be	AUX
emaj-33	154	48	high	high	ADJ
emaj-33	154	49	and	and	CCONJ
emaj-33	154	50	more	more	ADJ
emaj-33	154	51	the	the	DET
emaj-33	154	52	company	company	NOUN
emaj-33	154	53	is	be	AUX
emaj-33	154	54	qualified	qualified	ADJ
emaj-33	154	55	as	as	ADP
emaj-33	154	56	a	a	DET
emaj-33	154	57	company	company	NOUN
emaj-33	154	58	which	which	PRON
emaj-33	154	59	has	have	VERB
emaj-33	154	60	a	a	DET
emaj-33	154	61	bad	bad	ADJ
emaj-33	154	62	policy	policy	NOUN
emaj-33	154	63	of	of	ADP
emaj-33	154	64	disclosure	disclosure	NOUN
emaj-33	154	65	policy	policy	NOUN
emaj-33	154	66	.	.	PUNCT
emaj-33	155	1	the	the	DET
emaj-33	155	2	formula	formula	NOUN
emaj-33	155	3	for	for	ADP
emaj-33	155	4	calculating	calculate	VERB
emaj-33	155	5	these	these	DET
emaj-33	155	6	distances	distance	NOUN
emaj-33	155	7	is	be	AUX
emaj-33	155	8	then	then	ADV
emaj-33	155	9	as	as	SCONJ
emaj-33	155	10	follows	follow	VERB
emaj-33	155	11	:	:	PUNCT
emaj-33	155	12	2/17	2/17	NUM
emaj-33	155	13	1	1	NUM
emaj-33	155	14	2	2	NUM
emaj-33	155	15	22	22	NUM
emaj-33	155	16	2	2	NUM
emaj-33	155	17	11	11	NUM
emaj-33	155	18	]	]	PUNCT
emaj-33	155	19	)	)	PUNCT
emaj-33	155	20	(	(	PUNCT
emaj-33	155	21	)	)	PUNCT
emaj-33	155	22	(	(	PUNCT
emaj-33	155	23	[	[	NOUN
emaj-33	155	24	)	)	PUNCT
emaj-33	155	25	,	,	PUNCT
emaj-33	155	26	(	(	PUNCT
emaj-33	155	27	tan	tan	NOUN
emaj-33	155	28			X
emaj-33	156	1			NOUN
emaj-33	156	2			INTJ
emaj-33	157	1	k	k	PROPN
emaj-33	157	2	kkkk	kkkk	X
emaj-33	157	3	ri	ri	PROPN
emaj-33	157	4	xyxyffcejdis	xyxyffcejdis	PROPN
emaj-33	157	5	where	where	SCONJ
emaj-33	157	6	j	j	PROPN
emaj-33	157	7	is	be	AUX
emaj-33	157	8	the	the	DET
emaj-33	157	9	number	number	NOUN
emaj-33	157	10	of	of	ADP
emaj-33	157	11	distance	distance	NOUN
emaj-33	157	12	calculated	calculate	VERB
emaj-33	157	13	;	;	PUNCT
emaj-33	157	14	j	j	PROPN
emaj-33	157	15	=	=	SYM
emaj-33	157	16	1	1	NUM
emaj-33	157	17	,	,	PUNCT
emaj-33	157	18	2,	2,	NUM
emaj-33	157	19	...	...	SYM
emaj-33	157	20	5	5	NUM
emaj-33	157	21	this	this	DET
emaj-33	157	22	work	work	NOUN
emaj-33	157	23	has	have	AUX
emaj-33	157	24	allowed	allow	VERB
emaj-33	157	25	to	to	PART
emaj-33	157	26	calculate	calculate	VERB
emaj-33	157	27	,	,	PUNCT
emaj-33	157	28	for	for	ADP
emaj-33	157	29	each	each	DET
emaj-33	157	30	company	company	NOUN
emaj-33	157	31	,	,	PUNCT
emaj-33	157	32	five	five	NUM
emaj-33	157	33	distances	distance	NOUN
emaj-33	157	34	or	or	CCONJ
emaj-33	157	35	indexes	index	NOUN
emaj-33	157	36	measuring	measure	VERB
emaj-33	157	37	the	the	DET
emaj-33	157	38	extent	extent	NOUN
emaj-33	157	39	of	of	ADP
emaj-33	157	40	the	the	DET
emaj-33	157	41	disclosure	disclosure	NOUN
emaj-33	157	42	quality	quality	NOUN
emaj-33	157	43	:	:	PUNCT
emaj-33	157	44			X
emaj-33	157	45	an	an	DET
emaj-33	157	46	index	index	NOUN
emaj-33	157	47	that	that	PRON
emaj-33	157	48	reflects	reflect	VERB
emaj-33	157	49	the	the	DET
emaj-33	157	50	quality	quality	NOUN
emaj-33	157	51	of	of	ADP
emaj-33	157	52	disclosure	disclosure	NOUN
emaj-33	157	53	on	on	ADP
emaj-33	157	54	general	general	ADJ
emaj-33	157	55	information	information	NOUN
emaj-33	157	56	noted	note	VERB
emaj-33	157	57	index1	index1	PROPN
emaj-33	157	58	;	;	PUNCT
emaj-33	157	59			PRON
emaj-33	157	60	an	an	DET
emaj-33	157	61	index	index	NOUN
emaj-33	157	62	that	that	PRON
emaj-33	157	63	reflects	reflect	VERB
emaj-33	157	64	the	the	DET
emaj-33	157	65	quality	quality	NOUN
emaj-33	157	66	of	of	ADP
emaj-33	157	67	disclosure	disclosure	NOUN
emaj-33	157	68	information	information	NOUN
emaj-33	157	69	about	about	ADP
emaj-33	157	70	direction	direction	NOUN
emaj-33	157	71	and	and	CCONJ
emaj-33	157	72	shareholders	shareholder	NOUN
emaj-33	157	73	noted	note	VERB
emaj-33	157	74	index2	index2	PROPN
emaj-33	157	75	;	;	PUNCT
emaj-33	157	76			PRON
emaj-33	157	77	an	an	DET
emaj-33	157	78	index	index	NOUN
emaj-33	157	79	that	that	PRON
emaj-33	157	80	reflects	reflect	VERB
emaj-33	157	81	the	the	DET
emaj-33	157	82	quality	quality	NOUN
emaj-33	157	83	of	of	ADP
emaj-33	157	84	disclosure	disclosure	NOUN
emaj-33	157	85	about	about	ADP
emaj-33	157	86	non	non	ADJ
emaj-33	157	87	financial	financial	ADJ
emaj-33	157	88	information	information	NOUN
emaj-33	157	89	noted	note	VERB
emaj-33	157	90	index3	index3	PROPN
emaj-33	157	91	;	;	PUNCT
emaj-33	157	92			NOUN
emaj-33	157	93	an	an	DET
emaj-33	157	94	index	index	NOUN
emaj-33	157	95	that	that	PRON
emaj-33	157	96	reflects	reflect	VERB
emaj-33	157	97	the	the	DET
emaj-33	157	98	quality	quality	NOUN
emaj-33	157	99	of	of	ADP
emaj-33	157	100	disclosure	disclosure	NOUN
emaj-33	157	101	about	about	ADP
emaj-33	157	102	forecast	forecast	NOUN
emaj-33	157	103	information	information	NOUN
emaj-33	157	104	noted	note	VERB
emaj-33	157	105	index4	index4	PROPN
emaj-33	157	106	;	;	PUNCT
emaj-33	157	107			PRON
emaj-33	157	108	an	an	DET
emaj-33	157	109	index	index	NOUN
emaj-33	157	110	which	which	PRON
emaj-33	157	111	reflects	reflect	VERB
emaj-33	157	112	the	the	DET
emaj-33	157	113	quality	quality	NOUN
emaj-33	157	114	of	of	ADP
emaj-33	157	115	disclosure	disclosure	NOUN
emaj-33	157	116	about	about	ADP
emaj-33	157	117	financial	financial	ADJ
emaj-33	157	118	information	information	NOUN
emaj-33	157	119	noted	note	VERB
emaj-33	157	120	index5	index5	NOUN
emaj-33	157	121	;	;	PUNCT
emaj-33	157	122	results	result	NOUN
emaj-33	157	123	of	of	ADP
emaj-33	157	124	indexes	index	NOUN
emaj-33	157	125	computation	computation	NOUN
emaj-33	157	126	are	be	AUX
emaj-33	157	127	given	give	VERB
emaj-33	157	128	by	by	ADP
emaj-33	157	129	the	the	DET
emaj-33	157	130	table	table	NOUN
emaj-33	157	131	4	4	NUM
emaj-33	157	132	below	below	ADV
emaj-33	157	133	:	:	PUNCT
emaj-33	157	134	table	table	NOUN
emaj-33	157	135	iv	iv	NUM
emaj-33	157	136	distribution	distribution	NOUN
emaj-33	157	137	of	of	ADP
emaj-33	157	138	disclosure	disclosure	NOUN
emaj-33	157	139	indexes	index	NOUN
emaj-33	157	140	index	index	NOUN
emaj-33	157	141	1	1	NUM
emaj-33	157	142	index	index	NOUN
emaj-33	157	143	2	2	NUM
emaj-33	157	144	index	index	NOUN
emaj-33	157	145	3	3	NUM
emaj-33	157	146	index	index	NOUN
emaj-33	157	147	4	4	NUM
emaj-33	157	148	index	index	NOUN
emaj-33	157	149	5	5	NUM
emaj-33	157	150	minimum	minimum	NOUN
emaj-33	157	151	3.35	3.35	NUM
emaj-33	157	152	3.9	3.9	NUM
emaj-33	157	153	5.7	5.7	NUM
emaj-33	157	154	5.68	5.68	NUM
emaj-33	157	155	3.07	3.07	NUM
emaj-33	157	156	maximum	maximum	NOUN
emaj-33	157	157	4.43	4.43	NUM
emaj-33	157	158	4.71	4.71	NUM
emaj-33	157	159	6.6	6.6	NUM
emaj-33	157	160	3.67	3.67	NUM
emaj-33	157	161	4.28	4.28	NUM
emaj-33	158	1	mean	mean	NOUN
emaj-33	159	1	4.07	4.07	NUM
emaj-33	159	2	4.21	4.21	NUM
emaj-33	159	3	6.28	6.28	NUM
emaj-33	159	4	3.20	3.20	NUM
emaj-33	159	5	3.81	3.81	NUM
emaj-33	159	6	standard	standard	ADJ
emaj-33	159	7	deviation	deviation	NOUN
emaj-33	159	8	0.23	0.23	NUM
emaj-33	159	9	0.21	0.21	NUM
emaj-33	159	10	0.19	0.19	NUM
emaj-33	159	11	0.26	0.26	NUM
emaj-33	159	12	0.28	0.28	NUM
emaj-33	159	13	4	4	NUM
emaj-33	159	14	.	.	PUNCT
emaj-33	159	15	results	result	NOUN
emaj-33	159	16	and	and	CCONJ
emaj-33	159	17	discussion	discussion	NOUN
emaj-33	159	18	in	in	ADP
emaj-33	159	19	this	this	DET
emaj-33	159	20	part	part	NOUN
emaj-33	159	21	,	,	PUNCT
emaj-33	159	22	we	we	PRON
emaj-33	159	23	’ll	’ll	AUX
emaj-33	159	24	try	try	VERB
emaj-33	159	25	to	to	PART
emaj-33	159	26	establish	establish	VERB
emaj-33	159	27	connections	connection	NOUN
emaj-33	159	28	between	between	ADP
emaj-33	159	29	scores	score	NOUN
emaj-33	159	30	of	of	ADP
emaj-33	159	31	information	information	NOUN
emaj-33	159	32	disclosure	disclosure	NOUN
emaj-33	159	33	and	and	CCONJ
emaj-33	159	34	governance	governance	NOUN
emaj-33	159	35	characteristics	characteristic	NOUN
emaj-33	159	36	of	of	ADP
emaj-33	159	37	tunisian	tunisian	ADJ
emaj-33	159	38	listed	list	VERB
emaj-33	159	39	firms	firm	NOUN
emaj-33	159	40	.	.	PUNCT
emaj-33	160	1	in	in	ADP
emaj-33	160	2	other	other	ADJ
emaj-33	160	3	words	word	NOUN
emaj-33	160	4	,	,	PUNCT
emaj-33	160	5	the	the	DET
emaj-33	160	6	object	object	NOUN
emaj-33	160	7	is	be	AUX
emaj-33	160	8	to	to	PART
emaj-33	160	9	divide	divide	VERB
emaj-33	160	10	firms	firm	NOUN
emaj-33	160	11	of	of	ADP
emaj-33	160	12	the	the	DET
emaj-33	160	13	sample	sample	NOUN
emaj-33	160	14	into	into	ADP
emaj-33	160	15	subgroups	subgroup	NOUN
emaj-33	160	16	according	accord	VERB
emaj-33	160	17	to	to	ADP
emaj-33	160	18	values	value	NOUN
emaj-33	160	19	of	of	ADP
emaj-33	160	20	the	the	DET
emaj-33	160	21	variables	variable	NOUN
emaj-33	160	22	of	of	ADP
emaj-33	160	23	governance	governance	NOUN
emaj-33	160	24	which	which	PRON
emaj-33	160	25	,	,	PUNCT
emaj-33	160	26	at	at	ADP
emaj-33	160	27	each	each	DET
emaj-33	160	28	stage	stage	NOUN
emaj-33	160	29	,	,	PUNCT
emaj-33	160	30	discriminates	discriminate	VERB
emaj-33	160	31	the	the	DET
emaj-33	160	32	best	good	ADJ
emaj-33	160	33	variable	variable	NOUN
emaj-33	160	34	to	to	ADP
emaj-33	160	35	model	model	PROPN
emaj-33	160	36	,	,	PUNCT
emaj-33	160	37	dr	dr	PROPN
emaj-33	160	38	.	.	PROPN
emaj-33	160	39	wided	wide	VERB
emaj-33	160	40	khiari	khiari	PROPN
emaj-33	160	41	p	p	PROPN
emaj-33	161	1	a	a	PRON
emaj-33	161	2	g	g	NOUN
emaj-33	161	3	e	e	PROPN
emaj-33	162	1	|	|	ADV
emaj-33	163	1	54|	54|	NUM
emaj-33	163	2	emerging	emerge	VERB
emaj-33	163	3	markets	market	NOUN
emaj-33	163	4	journal	journal	NOUN
emaj-33	163	5	volume	volume	NOUN
emaj-33	163	6	3	3	NUM
emaj-33	163	7	no	no	DET
emaj-33	163	8	2	2	NUM
emaj-33	163	9	(	(	PUNCT
emaj-33	163	10	2013	2013	NUM
emaj-33	163	11	)	)	PUNCT
emaj-33	164	1	|	|	ADV
emaj-33	164	2	issn	issn	VERB
emaj-33	164	3	2158	2158	NUM
emaj-33	164	4	-	-	SYM
emaj-33	164	5	8708	8708	NUM
emaj-33	164	6	(	(	PUNCT
emaj-33	164	7	online	online	NOUN
emaj-33	164	8	)	)	PUNCT
emaj-33	164	9	|	|	ADV
emaj-33	164	10	10.5195	10.5195	NUM
emaj-33	164	11	/	/	SYM
emaj-33	164	12	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	164	13	|	|	NOUN
emaj-33	164	14	http://emaj.pitt.edu	http://emaj.pitt.edu	X
emaj-33	164	15	i.e.	i.e.	X
emaj-33	164	16	the	the	DET
emaj-33	164	17	quality	quality	NOUN
emaj-33	164	18	of	of	ADP
emaj-33	164	19	disclosure	disclosure	NOUN
emaj-33	164	20	.	.	PUNCT
emaj-33	165	1	to	to	PART
emaj-33	165	2	do	do	VERB
emaj-33	165	3	this	this	PRON
emaj-33	165	4	,	,	PUNCT
emaj-33	165	5	we	we	PRON
emaj-33	165	6	will	will	AUX
emaj-33	165	7	use	use	VERB
emaj-33	165	8	a	a	DET
emaj-33	165	9	decision	decision	NOUN
emaj-33	165	10	tree	tree	NOUN
emaj-33	165	11	model	model	NOUN
emaj-33	165	12	to	to	PART
emaj-33	165	13	analyze	analyze	VERB
emaj-33	165	14	the	the	DET
emaj-33	165	15	profile	profile	NOUN
emaj-33	165	16	of	of	ADP
emaj-33	165	17	groups	group	NOUN
emaj-33	165	18	of	of	ADP
emaj-33	165	19	companies	company	NOUN
emaj-33	165	20	in	in	ADP
emaj-33	165	21	terms	term	NOUN
emaj-33	165	22	of	of	ADP
emaj-33	165	23	corporate	corporate	ADJ
emaj-33	165	24	governance	governance	NOUN
emaj-33	165	25	characteristics	characteristic	NOUN
emaj-33	165	26	,	,	PUNCT
emaj-33	165	27	allowing	allow	VERB
emaj-33	165	28	to	to	PART
emaj-33	165	29	improve	improve	VERB
emaj-33	165	30	the	the	DET
emaj-33	165	31	disclosure	disclosure	NOUN
emaj-33	165	32	quality	quality	NOUN
emaj-33	165	33	.	.	PUNCT
emaj-33	166	1	in	in	ADP
emaj-33	166	2	this	this	DET
emaj-33	166	3	step	step	NOUN
emaj-33	166	4	,	,	PUNCT
emaj-33	166	5	for	for	SCONJ
emaj-33	166	6	each	each	DET
emaj-33	166	7	type	type	NOUN
emaj-33	166	8	of	of	ADP
emaj-33	166	9	information	information	NOUN
emaj-33	166	10	disclosed	disclose	VERB
emaj-33	166	11	,	,	PUNCT
emaj-33	166	12	we	we	PRON
emaj-33	166	13	started	start	VERB
emaj-33	166	14	by	by	ADP
emaj-33	166	15	dividing	divide	VERB
emaj-33	166	16	the	the	DET
emaj-33	166	17	companies	company	NOUN
emaj-33	166	18	of	of	ADP
emaj-33	166	19	the	the	DET
emaj-33	166	20	sample	sample	NOUN
emaj-33	166	21	based	base	VERB
emaj-33	166	22	on	on	ADP
emaj-33	166	23	the	the	DET
emaj-33	166	24	distribution	distribution	NOUN
emaj-33	166	25	of	of	ADP
emaj-33	166	26	scores	score	NOUN
emaj-33	166	27	of	of	ADP
emaj-33	166	28	disclosure	disclosure	NOUN
emaj-33	166	29	obtained	obtain	VERB
emaj-33	166	30	.	.	PUNCT
emaj-33	167	1	this	this	DET
emaj-33	167	2	operation	operation	NOUN
emaj-33	167	3	conduct	conduct	NOUN
emaj-33	167	4	to	to	ADP
emaj-33	167	5	three	three	NUM
emaj-33	167	6	classes	class	NOUN
emaj-33	167	7	reflecting	reflect	VERB
emaj-33	167	8	the	the	DET
emaj-33	167	9	extent	extent	NOUN
emaj-33	167	10	of	of	ADP
emaj-33	167	11	the	the	DET
emaj-33	167	12	disclosure	disclosure	NOUN
emaj-33	167	13	quality	quality	NOUN
emaj-33	167	14	(	(	PUNCT
emaj-33	167	15	good	good	ADJ
emaj-33	167	16	,	,	PUNCT
emaj-33	167	17	average	average	ADJ
emaj-33	167	18	,	,	PUNCT
emaj-33	167	19	bad	bad	ADJ
emaj-33	167	20	)	)	PUNCT
emaj-33	167	21	.	.	PUNCT
emaj-33	168	1	the	the	DET
emaj-33	168	2	class	class	NOUN
emaj-33	168	3	characterized	characterize	VERB
emaj-33	168	4	by	by	ADP
emaj-33	168	5	a	a	DET
emaj-33	168	6	high	high	ADJ
emaj-33	168	7	quality	quality	NOUN
emaj-33	168	8	of	of	ADP
emaj-33	168	9	disclosure	disclosure	NOUN
emaj-33	168	10	is	be	AUX
emaj-33	168	11	composed	compose	VERB
emaj-33	168	12	by	by	ADP
emaj-33	168	13	companies	company	NOUN
emaj-33	168	14	with	with	ADP
emaj-33	168	15	the	the	DET
emaj-33	168	16	lowest	low	ADJ
emaj-33	168	17	scores	score	NOUN
emaj-33	168	18	(	(	PUNCT
emaj-33	168	19	i.e.	i.e.	X
emaj-33	168	20	less	less	ADJ
emaj-33	168	21	than	than	ADP
emaj-33	168	22	33rd	33rd	ADJ
emaj-33	168	23	percentile	percentile	NOUN
emaj-33	168	24	)	)	PUNCT
emaj-33	168	25	.	.	PUNCT
emaj-33	169	1	the	the	DET
emaj-33	169	2	class	class	NOUN
emaj-33	169	3	characterized	characterize	VERB
emaj-33	169	4	by	by	ADP
emaj-33	169	5	a	a	DET
emaj-33	169	6	an	an	DET
emaj-33	169	7	average	average	ADJ
emaj-33	169	8	quality	quality	NOUN
emaj-33	169	9	of	of	ADP
emaj-33	169	10	disclosure	disclosure	NOUN
emaj-33	169	11	is	be	AUX
emaj-33	169	12	composed	compose	VERB
emaj-33	169	13	by	by	ADP
emaj-33	169	14	firms	firm	NOUN
emaj-33	169	15	with	with	ADP
emaj-33	169	16	scores	score	NOUN
emaj-33	169	17	between	between	ADP
emaj-33	169	18	the	the	DET
emaj-33	169	19	33rd	33rd	ADJ
emaj-33	169	20	percentile	percentile	NOUN
emaj-33	169	21	and	and	CCONJ
emaj-33	169	22	the	the	DET
emaj-33	169	23	66th	66th	ADJ
emaj-33	169	24	percentile	percentile	ADJ
emaj-33	169	25	.	.	PUNCT
emaj-33	170	1	class	class	NOUN
emaj-33	170	2	characterized	characterize	VERB
emaj-33	170	3	by	by	ADP
emaj-33	170	4	poor	poor	ADJ
emaj-33	170	5	quality	quality	NOUN
emaj-33	170	6	of	of	ADP
emaj-33	170	7	disclosure	disclosure	NOUN
emaj-33	170	8	is	be	AUX
emaj-33	170	9	composed	compose	VERB
emaj-33	170	10	by	by	ADP
emaj-33	170	11	companies	company	NOUN
emaj-33	170	12	with	with	ADP
emaj-33	170	13	the	the	DET
emaj-33	170	14	highest	high	ADJ
emaj-33	170	15	scores	score	NOUN
emaj-33	170	16	(	(	PUNCT
emaj-33	170	17	i.e.	i.e.	X
emaj-33	170	18	higher	high	ADJ
emaj-33	170	19	than	than	ADP
emaj-33	170	20	66th	66th	ADJ
emaj-33	170	21	percentile	percentile	ADJ
emaj-33	170	22	)	)	PUNCT
emaj-33	170	23	.	.	PUNCT
emaj-33	171	1	the	the	DET
emaj-33	171	2	classification	classification	NOUN
emaj-33	171	3	of	of	ADP
emaj-33	171	4	firms	firm	NOUN
emaj-33	171	5	following	follow	VERB
emaj-33	171	6	scores	score	NOUN
emaj-33	171	7	of	of	ADP
emaj-33	171	8	information	information	NOUN
emaj-33	171	9	disclosure	disclosure	NOUN
emaj-33	171	10	led	lead	VERB
emaj-33	171	11	therefore	therefore	ADV
emaj-33	171	12	to	to	ADP
emaj-33	171	13	a	a	DET
emaj-33	171	14	structure	structure	NOUN
emaj-33	171	15	formed	form	VERB
emaj-33	171	16	of	of	ADP
emaj-33	171	17	three	three	NUM
emaj-33	171	18	classes	class	NOUN
emaj-33	171	19	for	for	ADP
emaj-33	171	20	all	all	DET
emaj-33	171	21	types	type	NOUN
emaj-33	171	22	of	of	ADP
emaj-33	171	23	disclosed	disclose	VERB
emaj-33	171	24	information	information	NOUN
emaj-33	171	25	except	except	SCONJ
emaj-33	171	26	for	for	ADP
emaj-33	171	27	non	non	ADJ
emaj-33	171	28	-	-	ADJ
emaj-33	171	29	financial	financial	ADJ
emaj-33	171	30	information	information	NOUN
emaj-33	171	31	.	.	PUNCT
emaj-33	172	1	for	for	ADP
emaj-33	172	2	this	this	DET
emaj-33	172	3	type	type	NOUN
emaj-33	172	4	of	of	ADP
emaj-33	172	5	information	information	NOUN
emaj-33	172	6	we	we	PRON
emaj-33	172	7	have	have	AUX
emaj-33	172	8	considered	consider	VERB
emaj-33	172	9	two	two	NUM
emaj-33	172	10	classes	class	NOUN
emaj-33	172	11	:	:	PUNCT
emaj-33	172	12	the	the	DET
emaj-33	172	13	class	class	NOUN
emaj-33	172	14	composed	compose	VERB
emaj-33	172	15	by	by	ADP
emaj-33	172	16	firms	firm	NOUN
emaj-33	172	17	with	with	ADP
emaj-33	172	18	scores	score	NOUN
emaj-33	172	19	lower	low	ADJ
emaj-33	172	20	than	than	SCONJ
emaj-33	172	21	the	the	DET
emaj-33	172	22	median	median	NOUN
emaj-33	172	23	is	be	AUX
emaj-33	172	24	considered	consider	VERB
emaj-33	172	25	as	as	ADP
emaj-33	172	26	the	the	DET
emaj-33	172	27	class	class	NOUN
emaj-33	172	28	of	of	ADP
emaj-33	172	29	good	good	ADJ
emaj-33	172	30	disclosure	disclosure	NOUN
emaj-33	172	31	quality	quality	NOUN
emaj-33	172	32	.	.	PUNCT
emaj-33	173	1	however	however	ADV
emaj-33	173	2	,	,	PUNCT
emaj-33	173	3	the	the	DET
emaj-33	173	4	class	class	NOUN
emaj-33	173	5	of	of	ADP
emaj-33	173	6	the	the	DET
emaj-33	173	7	firms	firm	NOUN
emaj-33	173	8	with	with	ADP
emaj-33	173	9	scores	score	NOUN
emaj-33	173	10	higher	high	ADJ
emaj-33	173	11	than	than	SCONJ
emaj-33	173	12	the	the	DET
emaj-33	173	13	median	median	NOUN
emaj-33	173	14	is	be	AUX
emaj-33	173	15	considered	consider	VERB
emaj-33	173	16	as	as	ADP
emaj-33	173	17	the	the	DET
emaj-33	173	18	class	class	NOUN
emaj-33	173	19	of	of	ADP
emaj-33	173	20	poor	poor	ADJ
emaj-33	173	21	disclosure	disclosure	NOUN
emaj-33	173	22	quality	quality	NOUN
emaj-33	173	23	(	(	PUNCT
emaj-33	173	24	see	see	VERB
emaj-33	173	25	figure	figure	NOUN
emaj-33	173	26	1	1	NUM
emaj-33	173	27	)	)	PUNCT
emaj-33	173	28	figure	figure	NOUN
emaj-33	173	29	i.	i.	NOUN
emaj-33	173	30	distribution	distribution	NOUN
emaj-33	173	31	of	of	ADP
emaj-33	173	32	the	the	DET
emaj-33	173	33	firms	firm	NOUN
emaj-33	173	34	of	of	ADP
emaj-33	173	35	the	the	DET
emaj-33	173	36	sample	sample	NOUN
emaj-33	173	37	according	accord	VERB
emaj-33	173	38	to	to	ADP
emaj-33	173	39	the	the	DET
emaj-33	173	40	disclosure	disclosure	NOUN
emaj-33	173	41	scores	score	NOUN
emaj-33	173	42	the	the	DET
emaj-33	173	43	next	next	ADJ
emaj-33	173	44	step	step	NOUN
emaj-33	173	45	consists	consist	VERB
emaj-33	173	46	to	to	PART
emaj-33	173	47	build	build	VERB
emaj-33	173	48	a	a	DET
emaj-33	173	49	decision	decision	NOUN
emaj-33	173	50	tree	tree	NOUN
emaj-33	173	51	for	for	ADP
emaj-33	173	52	each	each	DET
emaj-33	173	53	type	type	NOUN
emaj-33	173	54	of	of	ADP
emaj-33	173	55	information	information	NOUN
emaj-33	173	56	disclosed	disclose	VERB
emaj-33	173	57	to	to	PART
emaj-33	173	58	identify	identify	VERB
emaj-33	173	59	the	the	DET
emaj-33	173	60	characteristics	characteristic	NOUN
emaj-33	173	61	of	of	ADP
emaj-33	173	62	corporate	corporate	ADJ
emaj-33	173	63	governance	governance	NOUN
emaj-33	173	64	leading	lead	VERB
emaj-33	173	65	to	to	ADP
emaj-33	173	66	the	the	DET
emaj-33	173	67	good	good	ADJ
emaj-33	173	68	quality	quality	NOUN
emaj-33	173	69	of	of	ADP
emaj-33	173	70	disclosure	disclosure	NOUN
emaj-33	173	71	.	.	PUNCT
emaj-33	174	1	having	having	AUX
emaj-33	174	2	constructed	construct	VERB
emaj-33	174	3	the	the	DET
emaj-33	174	4	decision	decision	NOUN
emaj-33	174	5	trees	tree	NOUN
emaj-33	174	6	,	,	PUNCT
emaj-33	174	7	we	we	PRON
emaj-33	174	8	will	will	AUX
emaj-33	174	9	extract	extract	VERB
emaj-33	174	10	,	,	PUNCT
emaj-33	174	11	from	from	ADP
emaj-33	174	12	each	each	DET
emaj-33	174	13	tree	tree	NOUN
emaj-33	174	14	,	,	PUNCT
emaj-33	174	15	the	the	DET
emaj-33	174	16	leaves	leave	NOUN
emaj-33	174	17	with	with	ADP
emaj-33	174	18	the	the	DET
emaj-33	174	19	highest	high	ADJ
emaj-33	174	20	percentage	percentage	NOUN
emaj-33	174	21	of	of	ADP
emaj-33	174	22	observations	observation	NOUN
emaj-33	174	23	with	with	ADP
emaj-33	174	24	the	the	DET
emaj-33	174	25	quality	quality	NOUN
emaj-33	174	26	of	of	ADP
emaj-33	174	27	disclosure	disclosure	NOUN
emaj-33	174	28	as	as	SCONJ
emaj-33	174	29	shown	show	VERB
emaj-33	174	30	in	in	ADP
emaj-33	174	31	figures	figure	NOUN
emaj-33	174	32	2	2	NUM
emaj-33	174	33	,	,	PUNCT
emaj-33	174	34	3	3	NUM
emaj-33	174	35	,	,	PUNCT
emaj-33	174	36	4	4	NUM
emaj-33	174	37	,	,	PUNCT
emaj-33	174	38	5	5	NUM
emaj-33	174	39	and	and	CCONJ
emaj-33	174	40	6	6	NUM
emaj-33	174	41	.	.	PUNCT
emaj-33	175	1	then	then	ADV
emaj-33	175	2	,	,	PUNCT
emaj-33	175	3	for	for	ADP
emaj-33	175	4	every	every	DET
emaj-33	175	5	sheet	sheet	NOUN
emaj-33	175	6	we	we	PRON
emaj-33	175	7	will	will	AUX
emaj-33	175	8	determine	determine	VERB
emaj-33	175	9	its	its	PRON
emaj-33	175	10	corporate	corporate	ADJ
emaj-33	175	11	governance	governance	NOUN
emaj-33	175	12	characteristics	characteristic	NOUN
emaj-33	175	13	.	.	PUNCT
emaj-33	176	1	4.1.decision	4.1.decision	NUM
emaj-33	176	2	trees	tree	NOUN
emaj-33	176	3	:	:	PUNCT
emaj-33	176	4	disclosure	disclosure	NOUN
emaj-33	176	5	quality	quality	NOUN
emaj-33	176	6	explained	explain	VERB
emaj-33	176	7	by	by	ADP
emaj-33	176	8	corporate	corporate	ADJ
emaj-33	176	9	governance	governance	NOUN
emaj-33	176	10	features	feature	NOUN
emaj-33	176	11	volume	volume	VERB
emaj-33	176	12	3	3	NUM
emaj-33	176	13	no	no	DET
emaj-33	176	14	2	2	NUM
emaj-33	176	15	(	(	PUNCT
emaj-33	176	16	2013	2013	NUM
emaj-33	176	17	)	)	PUNCT
emaj-33	176	18	|	|	ADV
emaj-33	176	19	issn	issn	VERB
emaj-33	176	20	2158	2158	NUM
emaj-33	176	21	-	-	SYM
emaj-33	176	22	8708	8708	NUM
emaj-33	176	23	(	(	PUNCT
emaj-33	176	24	online	online	NOUN
emaj-33	176	25	)	)	PUNCT
emaj-33	176	26	|	|	ADV
emaj-33	176	27	10.5195	10.5195	NUM
emaj-33	176	28	/	/	SYM
emaj-33	176	29	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	176	30	|	|	NOUN
emaj-33	176	31	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	176	32	corporate	corporate	ADJ
emaj-33	176	33	governance	governance	NOUN
emaj-33	176	34	and	and	CCONJ
emaj-33	176	35	disclosure	disclosure	NOUN
emaj-33	176	36	quality	quality	NOUN
emaj-33	176	37	:	:	PUNCT
emaj-33	176	38	taxonomy	taxonomy	NOUN
emaj-33	176	39	of	of	ADP
emaj-33	176	40	tunisian	tunisian	ADJ
emaj-33	176	41	listed	list	VERB
emaj-33	176	42	firms	firm	NOUN
emaj-33	176	43	using	use	VERB
emaj-33	176	44	the	the	DET
emaj-33	176	45	decision	decision	NOUN
emaj-33	176	46	tree	tree	NOUN
emaj-33	176	47	method	method	NOUN
emaj-33	176	48	based	base	VERB
emaj-33	176	49	approach	approach	NOUN
emaj-33	176	50	emerging	emerge	VERB
emaj-33	176	51	markets	market	NOUN
emaj-33	176	52	journal	journal	NOUN
emaj-33	176	53	|	|	ADV
emaj-33	176	54	p	p	NOUN
emaj-33	176	55	a	a	PRON
emaj-33	176	56	g	g	NOUN
emaj-33	176	57	e	e	NOUN
emaj-33	176	58	|	|	ADV
emaj-33	176	59	55	55	NUM
emaj-33	176	60	the	the	DET
emaj-33	176	61	decisions	decision	NOUN
emaj-33	176	62	trees	tree	NOUN
emaj-33	176	63	obtained	obtain	VERB
emaj-33	176	64	show	show	NOUN
emaj-33	176	65	that	that	SCONJ
emaj-33	176	66	the	the	DET
emaj-33	176	67	sector	sector	NOUN
emaj-33	176	68	variable	variable	NOUN
emaj-33	176	69	is	be	AUX
emaj-33	176	70	the	the	DET
emaj-33	176	71	best	well	ADV
emaj-33	176	72	independent	independent	ADJ
emaj-33	176	73	variable	variable	NOUN
emaj-33	176	74	of	of	ADP
emaj-33	176	75	the	the	DET
emaj-33	176	76	quality	quality	NOUN
emaj-33	176	77	of	of	ADP
emaj-33	176	78	disclosure	disclosure	NOUN
emaj-33	176	79	for	for	ADP
emaj-33	176	80	all	all	DET
emaj-33	176	81	types	type	NOUN
emaj-33	176	82	of	of	ADP
emaj-33	176	83	disclosed	disclose	VERB
emaj-33	176	84	information	information	NOUN
emaj-33	176	85	:	:	PUNCT
emaj-33	176	86	figure	figure	VERB
emaj-33	176	87	iii	iii	NOUN
emaj-33	176	88	–	–	PUNCT
emaj-33	176	89	decision	decision	NOUN
emaj-33	176	90	tree	tree	NOUN
emaj-33	176	91	:	:	PUNCT
emaj-33	176	92	information	information	NOUN
emaj-33	176	93	on	on	ADP
emaj-33	176	94	the	the	DET
emaj-33	176	95	direction	direction	NOUN
emaj-33	176	96	and	and	CCONJ
emaj-33	176	97	shareholders	shareholder	NOUN
emaj-33	176	98	for	for	ADP
emaj-33	176	99	the	the	DET
emaj-33	176	100	companies	company	NOUN
emaj-33	176	101	of	of	ADP
emaj-33	176	102	the	the	DET
emaj-33	176	103	financial	financial	ADJ
emaj-33	176	104	sector	sector	NOUN
emaj-33	176	105	,	,	PUNCT
emaj-33	176	106	the	the	DET
emaj-33	176	107	variable	variable	NOUN
emaj-33	176	108	that	that	PRON
emaj-33	176	109	allows	allow	VERB
emaj-33	176	110	better	well	ADJ
emaj-33	176	111	discrimination	discrimination	NOUN
emaj-33	176	112	for	for	ADP
emaj-33	176	113	the	the	DET
emaj-33	176	114	general	general	ADJ
emaj-33	176	115	information	information	NOUN
emaj-33	176	116	and	and	CCONJ
emaj-33	176	117	on	on	ADP
emaj-33	176	118	management	management	NOUN
emaj-33	176	119	and	and	CCONJ
emaj-33	176	120	shareholders	shareholder	NOUN
emaj-33	176	121	is	be	AUX
emaj-33	176	122	the	the	DET
emaj-33	176	123	existence	existence	NOUN
emaj-33	176	124	or	or	CCONJ
emaj-33	176	125	not	not	PART
emaj-33	176	126	of	of	ADP
emaj-33	176	127	an	an	DET
emaj-33	176	128	audit	audit	NOUN
emaj-33	176	129	committee	committee	NOUN
emaj-33	176	130	in	in	ADP
emaj-33	176	131	the	the	DET
emaj-33	176	132	companies	company	NOUN
emaj-33	176	133	(	(	PUNCT
emaj-33	176	134	see	see	VERB
emaj-33	176	135	figures	figure	NOUN
emaj-33	176	136	2	2	NUM
emaj-33	176	137	and	and	CCONJ
emaj-33	176	138	3	3	NUM
emaj-33	176	139	)	)	PUNCT
emaj-33	176	140	.	.	PUNCT
emaj-33	177	1	figure	figure	NOUN
emaj-33	177	2	ii	ii	PROPN
emaj-33	177	3	–	–	PUNCT
emaj-33	177	4	decision	decision	NOUN
emaj-33	177	5	tree	tree	NOUN
emaj-33	177	6	:	:	PUNCT
emaj-33	177	7	general	general	ADJ
emaj-33	177	8	information	information	NOUN
emaj-33	177	9	on	on	ADP
emaj-33	177	10	the	the	DET
emaj-33	177	11	company	company	NOUN
emaj-33	177	12	dr	dr	PROPN
emaj-33	177	13	.	.	PROPN
emaj-33	177	14	wided	wide	VERB
emaj-33	177	15	khiari	khiari	PROPN
emaj-33	177	16	p	p	PROPN
emaj-33	177	17	a	a	DET
emaj-33	177	18	g	g	NOUN
emaj-33	177	19	e	e	NOUN
emaj-33	177	20	|	|	NOUN
emaj-33	177	21	56|	56|	NUM
emaj-33	177	22	emerging	emerge	VERB
emaj-33	177	23	markets	market	NOUN
emaj-33	177	24	journal	journal	NOUN
emaj-33	177	25	volume	volume	NOUN
emaj-33	177	26	3	3	NUM
emaj-33	177	27	no	no	DET
emaj-33	177	28	2	2	NUM
emaj-33	177	29	(	(	PUNCT
emaj-33	177	30	2013	2013	NUM
emaj-33	177	31	)	)	PUNCT
emaj-33	178	1	|	|	ADV
emaj-33	178	2	issn	issn	VERB
emaj-33	178	3	2158	2158	NUM
emaj-33	178	4	-	-	SYM
emaj-33	178	5	8708	8708	NUM
emaj-33	178	6	(	(	PUNCT
emaj-33	178	7	online	online	NOUN
emaj-33	178	8	)	)	PUNCT
emaj-33	178	9	|	|	ADV
emaj-33	178	10	10.5195	10.5195	NUM
emaj-33	178	11	/	/	SYM
emaj-33	178	12	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	178	13	|	|	NOUN
emaj-33	178	14	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	178	15	if	if	SCONJ
emaj-33	178	16	companies	company	NOUN
emaj-33	178	17	have	have	VERB
emaj-33	178	18	an	an	DET
emaj-33	178	19	audit	audit	NOUN
emaj-33	178	20	committee	committee	NOUN
emaj-33	178	21	,	,	PUNCT
emaj-33	178	22	the	the	DET
emaj-33	178	23	ownership	ownership	NOUN
emaj-33	178	24	concentration	concentration	NOUN
emaj-33	178	25	is	be	AUX
emaj-33	178	26	the	the	DET
emaj-33	178	27	following	follow	VERB
emaj-33	178	28	independent	independent	ADJ
emaj-33	178	29	variable	variable	NOUN
emaj-33	178	30	.	.	PUNCT
emaj-33	179	1	where	where	SCONJ
emaj-33	179	2	this	this	DET
emaj-33	179	3	percentage	percentage	NOUN
emaj-33	179	4	is	be	AUX
emaj-33	179	5	low	low	ADJ
emaj-33	179	6	,	,	PUNCT
emaj-33	179	7	the	the	DET
emaj-33	179	8	model	model	NOUN
emaj-33	179	9	includes	include	VERB
emaj-33	179	10	a	a	DET
emaj-33	179	11	different	different	ADJ
emaj-33	179	12	additional	additional	ADJ
emaj-33	179	13	independent	independent	ADJ
emaj-33	179	14	variable	variable	NOUN
emaj-33	179	15	for	for	ADP
emaj-33	179	16	each	each	DET
emaj-33	179	17	type	type	NOUN
emaj-33	179	18	of	of	ADP
emaj-33	179	19	information	information	NOUN
emaj-33	179	20	:	:	PUNCT
emaj-33	179	21	the	the	DET
emaj-33	179	22	percentage	percentage	NOUN
emaj-33	179	23	held	hold	VERB
emaj-33	179	24	by	by	ADP
emaj-33	179	25	families	family	NOUN
emaj-33	179	26	for	for	ADP
emaj-33	179	27	information	information	NOUN
emaj-33	179	28	on	on	ADP
emaj-33	179	29	management	management	NOUN
emaj-33	179	30	and	and	CCONJ
emaj-33	179	31	shareholders	shareholder	NOUN
emaj-33	179	32	and	and	CCONJ
emaj-33	179	33	the	the	DET
emaj-33	179	34	percentage	percentage	NOUN
emaj-33	179	35	held	hold	VERB
emaj-33	179	36	by	by	ADP
emaj-33	179	37	administrators	administrator	NOUN
emaj-33	179	38	for	for	ADP
emaj-33	179	39	the	the	DET
emaj-33	179	40	general	general	ADJ
emaj-33	179	41	information	information	NOUN
emaj-33	179	42	.	.	PUNCT
emaj-33	180	1	however	however	ADV
emaj-33	180	2	,	,	PUNCT
emaj-33	180	3	if	if	SCONJ
emaj-33	180	4	this	this	DET
emaj-33	180	5	percentage	percentage	NOUN
emaj-33	180	6	is	be	AUX
emaj-33	180	7	high	high	ADJ
emaj-33	180	8	,	,	PUNCT
emaj-33	180	9	the	the	DET
emaj-33	180	10	duality	duality	NOUN
emaj-33	180	11	is	be	AUX
emaj-33	180	12	the	the	DET
emaj-33	180	13	discrimination	discrimination	NOUN
emaj-33	180	14	variable	variable	NOUN
emaj-33	180	15	for	for	ADP
emaj-33	180	16	the	the	DET
emaj-33	180	17	quality	quality	NOUN
emaj-33	180	18	of	of	ADP
emaj-33	180	19	disclosure	disclosure	NOUN
emaj-33	180	20	of	of	ADP
emaj-33	180	21	information	information	NOUN
emaj-33	180	22	on	on	ADP
emaj-33	180	23	the	the	DET
emaj-33	180	24	direction	direction	NOUN
emaj-33	180	25	.	.	PUNCT
emaj-33	181	1	however	however	ADV
emaj-33	181	2	,	,	PUNCT
emaj-33	181	3	for	for	ADP
emaj-33	181	4	firms	firm	NOUN
emaj-33	181	5	belonging	belong	VERB
emaj-33	181	6	to	to	ADP
emaj-33	181	7	the	the	DET
emaj-33	181	8	non	non	ADJ
emaj-33	181	9	-	-	ADJ
emaj-33	181	10	financial	financial	ADJ
emaj-33	181	11	sector	sector	NOUN
emaj-33	181	12	,	,	PUNCT
emaj-33	181	13	independent	independent	ADJ
emaj-33	181	14	variables	variable	NOUN
emaj-33	181	15	are	be	AUX
emaj-33	181	16	completely	completely	ADV
emaj-33	181	17	different	different	ADJ
emaj-33	181	18	.	.	PUNCT
emaj-33	182	1	for	for	ADP
emaj-33	182	2	general	general	ADJ
emaj-33	182	3	information	information	NOUN
emaj-33	182	4	,	,	PUNCT
emaj-33	182	5	the	the	DET
emaj-33	182	6	best	good	ADJ
emaj-33	182	7	variable	variable	NOUN
emaj-33	182	8	is	be	AUX
emaj-33	182	9	the	the	DET
emaj-33	182	10	percentage	percentage	NOUN
emaj-33	182	11	held	hold	VERB
emaj-33	182	12	by	by	ADP
emaj-33	182	13	institutional	institutional	NOUN
emaj-33	182	14	.	.	PUNCT
emaj-33	183	1	for	for	ADP
emaj-33	183	2	companies	company	NOUN
emaj-33	183	3	where	where	SCONJ
emaj-33	183	4	the	the	DET
emaj-33	183	5	presence	presence	NOUN
emaj-33	183	6	of	of	ADP
emaj-33	183	7	institutional	institutional	ADJ
emaj-33	183	8	is	be	AUX
emaj-33	183	9	not	not	PART
emaj-33	183	10	significant	significant	ADJ
emaj-33	183	11	,	,	PUNCT
emaj-33	183	12	the	the	DET
emaj-33	183	13	variable	variable	NOUN
emaj-33	183	14	that	that	PRON
emaj-33	183	15	provides	provide	VERB
emaj-33	183	16	the	the	DET
emaj-33	183	17	best	good	ADJ
emaj-33	183	18	discrimination	discrimination	NOUN
emaj-33	183	19	is	be	AUX
emaj-33	183	20	the	the	DET
emaj-33	183	21	size	size	NOUN
emaj-33	183	22	of	of	ADP
emaj-33	183	23	the	the	DET
emaj-33	183	24	board	board	NOUN
emaj-33	183	25	of	of	ADP
emaj-33	183	26	directors	director	NOUN
emaj-33	183	27	.	.	PUNCT
emaj-33	184	1	similarly	similarly	ADV
emaj-33	184	2	,	,	PUNCT
emaj-33	184	3	if	if	SCONJ
emaj-33	184	4	the	the	DET
emaj-33	184	5	size	size	NOUN
emaj-33	184	6	is	be	AUX
emaj-33	184	7	not	not	PART
emaj-33	184	8	important	important	ADJ
emaj-33	184	9	,	,	PUNCT
emaj-33	184	10	the	the	DET
emaj-33	184	11	percentage	percentage	NOUN
emaj-33	184	12	held	hold	VERB
emaj-33	184	13	by	by	ADP
emaj-33	184	14	families	family	NOUN
emaj-33	184	15	remains	remain	VERB
emaj-33	184	16	the	the	DET
emaj-33	184	17	best	good	ADJ
emaj-33	184	18	following	follow	VERB
emaj-33	184	19	independent	independent	ADJ
emaj-33	184	20	variable	variable	NOUN
emaj-33	184	21	.	.	PUNCT
emaj-33	185	1	for	for	ADP
emaj-33	185	2	information	information	NOUN
emaj-33	185	3	relative	relative	ADJ
emaj-33	185	4	to	to	ADP
emaj-33	185	5	the	the	DET
emaj-33	185	6	board	board	NOUN
emaj-33	185	7	of	of	ADP
emaj-33	185	8	directors	director	NOUN
emaj-33	185	9	,	,	PUNCT
emaj-33	185	10	the	the	DET
emaj-33	185	11	best	good	ADJ
emaj-33	185	12	variable	variable	NOUN
emaj-33	185	13	is	be	AUX
emaj-33	185	14	the	the	DET
emaj-33	185	15	state	state	NOUN
emaj-33	185	16	ownership	ownership	NOUN
emaj-33	185	17	.	.	PUNCT
emaj-33	186	1	if	if	SCONJ
emaj-33	186	2	this	this	DET
emaj-33	186	3	part	part	NOUN
emaj-33	186	4	is	be	AUX
emaj-33	186	5	high	high	ADJ
emaj-33	186	6	,	,	PUNCT
emaj-33	186	7	the	the	DET
emaj-33	186	8	family	family	NOUN
emaj-33	186	9	ownership	ownership	NOUN
emaj-33	186	10	is	be	AUX
emaj-33	186	11	the	the	DET
emaj-33	186	12	following	follow	VERB
emaj-33	186	13	independent	independent	ADJ
emaj-33	186	14	variable	variable	NOUN
emaj-33	186	15	,	,	PUNCT
emaj-33	186	16	followed	follow	VERB
emaj-33	186	17	by	by	ADP
emaj-33	186	18	the	the	DET
emaj-33	186	19	existence	existence	NOUN
emaj-33	186	20	of	of	ADP
emaj-33	186	21	a	a	DET
emaj-33	186	22	big	big	ADJ
emaj-33	186	23	4	4	NUM
emaj-33	186	24	audit	audit	NOUN
emaj-33	186	25	committee	committee	NOUN
emaj-33	186	26	in	in	ADP
emaj-33	186	27	the	the	DET
emaj-33	186	28	firm	firm	NOUN
emaj-33	186	29	.	.	PUNCT
emaj-33	187	1	for	for	ADP
emaj-33	187	2	companies	company	NOUN
emaj-33	187	3	of	of	ADP
emaj-33	187	4	the	the	DET
emaj-33	187	5	financial	financial	ADJ
emaj-33	187	6	sector	sector	NOUN
emaj-33	187	7	,	,	PUNCT
emaj-33	187	8	the	the	DET
emaj-33	187	9	concentration	concentration	NOUN
emaj-33	187	10	of	of	ADP
emaj-33	187	11	ownership	ownership	NOUN
emaj-33	187	12	is	be	AUX
emaj-33	187	13	the	the	DET
emaj-33	187	14	independent	independent	ADJ
emaj-33	187	15	variable	variable	NOUN
emaj-33	187	16	which	which	PRON
emaj-33	187	17	allows	allow	VERB
emaj-33	187	18	better	well	ADJ
emaj-33	187	19	discrimination	discrimination	NOUN
emaj-33	187	20	on	on	ADP
emaj-33	187	21	financial	financial	ADJ
emaj-33	187	22	and	and	CCONJ
emaj-33	187	23	non	non	ADJ
emaj-33	187	24	-	-	ADJ
emaj-33	187	25	financial	financial	ADJ
emaj-33	187	26	information	information	NOUN
emaj-33	187	27	(	(	PUNCT
emaj-33	187	28	see	see	VERB
emaj-33	187	29	figures	figure	NOUN
emaj-33	187	30	4	4	NUM
emaj-33	187	31	and	and	CCONJ
emaj-33	187	32	6	6	NUM
emaj-33	187	33	)	)	PUNCT
emaj-33	187	34	figure	figure	NOUN
emaj-33	187	35	iv	iv	NUM
emaj-33	187	36	–	–	PUNCT
emaj-33	187	37	decision	decision	NOUN
emaj-33	187	38	tree	tree	NOUN
emaj-33	187	39	:	:	PUNCT
emaj-33	187	40	non	non	ADJ
emaj-33	187	41	financial	financial	ADJ
emaj-33	187	42	information	information	NOUN
emaj-33	187	43	volume	volume	NOUN
emaj-33	187	44	3	3	NUM
emaj-33	187	45	no	no	DET
emaj-33	187	46	2	2	NUM
emaj-33	187	47	(	(	PUNCT
emaj-33	187	48	2013	2013	NUM
emaj-33	187	49	)	)	PUNCT
emaj-33	187	50	|	|	ADV
emaj-33	187	51	issn	issn	VERB
emaj-33	187	52	2158	2158	NUM
emaj-33	187	53	-	-	SYM
emaj-33	187	54	8708	8708	NUM
emaj-33	187	55	(	(	PUNCT
emaj-33	187	56	online	online	NOUN
emaj-33	187	57	)	)	PUNCT
emaj-33	188	1	|	|	ADV
emaj-33	188	2	10.5195	10.5195	NUM
emaj-33	188	3	/	/	SYM
emaj-33	188	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	188	5	|	|	NOUN
emaj-33	188	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	188	7	corporate	corporate	ADJ
emaj-33	188	8	governance	governance	NOUN
emaj-33	188	9	and	and	CCONJ
emaj-33	188	10	disclosure	disclosure	NOUN
emaj-33	188	11	quality	quality	NOUN
emaj-33	188	12	:	:	PUNCT
emaj-33	188	13	taxonomy	taxonomy	NOUN
emaj-33	188	14	of	of	ADP
emaj-33	188	15	tunisian	tunisian	ADJ
emaj-33	188	16	listed	list	VERB
emaj-33	188	17	firms	firm	NOUN
emaj-33	188	18	using	use	VERB
emaj-33	188	19	the	the	DET
emaj-33	188	20	decision	decision	NOUN
emaj-33	188	21	tree	tree	NOUN
emaj-33	188	22	method	method	NOUN
emaj-33	188	23	based	base	VERB
emaj-33	188	24	approach	approach	NOUN
emaj-33	188	25	emerging	emerge	VERB
emaj-33	188	26	markets	market	NOUN
emaj-33	188	27	journal	journal	NOUN
emaj-33	188	28	|	|	ADV
emaj-33	188	29	p	p	NOUN
emaj-33	188	30	a	a	DET
emaj-33	188	31	g	g	NOUN
emaj-33	188	32	e	e	NOUN
emaj-33	188	33	|	|	ADV
emaj-33	188	34	57	57	NUM
emaj-33	188	35	figure	figure	NOUN
emaj-33	188	36	vi	vi	NOUN
emaj-33	188	37	–	–	PUNCT
emaj-33	188	38	decision	decision	NOUN
emaj-33	188	39	tree	tree	NOUN
emaj-33	188	40	:	:	PUNCT
emaj-33	188	41	financial	financial	ADJ
emaj-33	188	42	information	information	NOUN
emaj-33	188	43	where	where	SCONJ
emaj-33	188	44	this	this	DET
emaj-33	188	45	percentage	percentage	NOUN
emaj-33	188	46	is	be	AUX
emaj-33	188	47	high	high	ADJ
emaj-33	188	48	,	,	PUNCT
emaj-33	188	49	another	another	DET
emaj-33	188	50	independent	independent	ADJ
emaj-33	188	51	variable	variable	NOUN
emaj-33	188	52	will	will	AUX
emaj-33	188	53	be	be	AUX
emaj-33	188	54	included	include	VERB
emaj-33	188	55	:	:	PUNCT
emaj-33	188	56	the	the	DET
emaj-33	188	57	institutional	institutional	ADJ
emaj-33	188	58	property	property	NOUN
emaj-33	188	59	.	.	PUNCT
emaj-33	189	1	finally	finally	ADV
emaj-33	189	2	,	,	PUNCT
emaj-33	189	3	if	if	SCONJ
emaj-33	189	4	the	the	DET
emaj-33	189	5	latter	latter	ADJ
emaj-33	189	6	is	be	AUX
emaj-33	189	7	low	low	ADJ
emaj-33	189	8	,	,	PUNCT
emaj-33	189	9	the	the	DET
emaj-33	189	10	following	follow	VERB
emaj-33	189	11	variable	variable	NOUN
emaj-33	189	12	is	be	AUX
emaj-33	189	13	the	the	DET
emaj-33	189	14	property	property	NOUN
emaj-33	189	15	of	of	ADP
emaj-33	189	16	administrators	administrator	NOUN
emaj-33	189	17	.	.	PUNCT
emaj-33	190	1	however	however	ADV
emaj-33	190	2	,	,	PUNCT
emaj-33	190	3	for	for	ADP
emaj-33	190	4	the	the	DET
emaj-33	190	5	nonfinancial	nonfinancial	ADJ
emaj-33	190	6	sector	sector	NOUN
emaj-33	190	7	companies	company	NOUN
emaj-33	190	8	,	,	PUNCT
emaj-33	190	9	the	the	DET
emaj-33	190	10	variables	variable	NOUN
emaj-33	190	11	of	of	ADP
emaj-33	190	12	discrimination	discrimination	NOUN
emaj-33	190	13	are	be	AUX
emaj-33	190	14	totally	totally	ADV
emaj-33	190	15	different	different	ADJ
emaj-33	190	16	.	.	PUNCT
emaj-33	191	1	indeed	indeed	ADV
emaj-33	191	2	,	,	PUNCT
emaj-33	191	3	for	for	ADP
emaj-33	191	4	the	the	DET
emaj-33	191	5	non	non	ADJ
emaj-33	191	6	-	-	ADJ
emaj-33	191	7	financial	financial	ADJ
emaj-33	191	8	information	information	NOUN
emaj-33	191	9	,	,	PUNCT
emaj-33	191	10	the	the	DET
emaj-33	191	11	most	most	ADV
emaj-33	191	12	important	important	ADJ
emaj-33	191	13	variable	variable	NOUN
emaj-33	191	14	is	be	AUX
emaj-33	191	15	the	the	DET
emaj-33	191	16	percentage	percentage	NOUN
emaj-33	191	17	of	of	ADP
emaj-33	191	18	outside	outside	ADJ
emaj-33	191	19	directors	director	NOUN
emaj-33	191	20	in	in	ADP
emaj-33	191	21	the	the	DET
emaj-33	191	22	board	board	NOUN
emaj-33	191	23	of	of	ADP
emaj-33	191	24	directors	director	NOUN
emaj-33	191	25	,	,	PUNCT
emaj-33	191	26	followed	follow	VERB
emaj-33	191	27	by	by	ADP
emaj-33	191	28	the	the	DET
emaj-33	191	29	share	share	NOUN
emaj-33	191	30	held	hold	VERB
emaj-33	191	31	by	by	ADP
emaj-33	191	32	the	the	DET
emaj-33	191	33	families	family	NOUN
emaj-33	191	34	.	.	PUNCT
emaj-33	192	1	for	for	ADP
emaj-33	192	2	financial	financial	ADJ
emaj-33	192	3	information	information	NOUN
emaj-33	192	4	,	,	PUNCT
emaj-33	192	5	the	the	DET
emaj-33	192	6	best	well	ADV
emaj-33	192	7	independent	independent	ADJ
emaj-33	192	8	variables	variable	NOUN
emaj-33	192	9	are	be	AUX
emaj-33	192	10	the	the	DET
emaj-33	192	11	percentage	percentage	NOUN
emaj-33	192	12	held	hold	VERB
emaj-33	192	13	by	by	ADP
emaj-33	192	14	families	family	NOUN
emaj-33	192	15	and	and	CCONJ
emaj-33	192	16	the	the	DET
emaj-33	192	17	concentration	concentration	NOUN
emaj-33	192	18	of	of	ADP
emaj-33	192	19	ownership	ownership	NOUN
emaj-33	192	20	.	.	PUNCT
emaj-33	193	1	if	if	SCONJ
emaj-33	193	2	the	the	DET
emaj-33	193	3	latter	latter	NOUN
emaj-33	193	4	is	be	AUX
emaj-33	193	5	high	high	ADJ
emaj-33	193	6	,	,	PUNCT
emaj-33	193	7	the	the	DET
emaj-33	193	8	model	model	NOUN
emaj-33	193	9	includes	include	VERB
emaj-33	193	10	an	an	DET
emaj-33	193	11	additional	additional	ADJ
emaj-33	193	12	variable	variable	NOUN
emaj-33	193	13	which	which	PRON
emaj-33	193	14	is	be	AUX
emaj-33	193	15	the	the	DET
emaj-33	193	16	size	size	NOUN
emaj-33	193	17	of	of	ADP
emaj-33	193	18	the	the	DET
emaj-33	193	19	council	council	NOUN
emaj-33	193	20	.	.	PUNCT
emaj-33	194	1	where	where	SCONJ
emaj-33	194	2	the	the	DET
emaj-33	194	3	size	size	NOUN
emaj-33	194	4	is	be	AUX
emaj-33	194	5	small	small	ADJ
emaj-33	194	6	,	,	PUNCT
emaj-33	194	7	the	the	DET
emaj-33	194	8	following	follow	VERB
emaj-33	194	9	variable	variable	NOUN
emaj-33	194	10	is	be	AUX
emaj-33	194	11	the	the	DET
emaj-33	194	12	use	use	NOUN
emaj-33	194	13	of	of	ADP
emaj-33	194	14	one	one	NUM
emaj-33	194	15	of	of	ADP
emaj-33	194	16	the	the	DET
emaj-33	194	17	large	large	ADJ
emaj-33	194	18	audit	audit	NOUN
emaj-33	194	19	firms	firm	NOUN
emaj-33	194	20	.	.	PUNCT
emaj-33	195	1	the	the	DET
emaj-33	195	2	last	last	ADJ
emaj-33	195	3	type	type	NOUN
emaj-33	195	4	is	be	AUX
emaj-33	195	5	the	the	DET
emaj-33	195	6	forecast	forecast	NOUN
emaj-33	195	7	information	information	NOUN
emaj-33	195	8	.	.	PUNCT
emaj-33	196	1	corporate	corporate	ADJ
emaj-33	196	2	governance	governance	NOUN
emaj-33	196	3	variables	variable	NOUN
emaj-33	196	4	that	that	PRON
emaj-33	196	5	explain	explain	VERB
emaj-33	196	6	the	the	DET
emaj-33	196	7	good	good	ADJ
emaj-33	196	8	quality	quality	NOUN
emaj-33	196	9	of	of	ADP
emaj-33	196	10	disclosure	disclosure	NOUN
emaj-33	196	11	of	of	ADP
emaj-33	196	12	such	such	ADJ
emaj-33	196	13	information	information	NOUN
emaj-33	196	14	are	be	AUX
emaj-33	196	15	totally	totally	ADV
emaj-33	196	16	different	different	ADJ
emaj-33	196	17	(	(	PUNCT
emaj-33	196	18	see	see	VERB
emaj-33	196	19	figure	figure	NOUN
emaj-33	196	20	5	5	NUM
emaj-33	196	21	)	)	PUNCT
emaj-33	196	22	.	.	PUNCT
emaj-33	197	1	figure	figure	VERB
emaj-33	197	2	v	v	NOUN
emaj-33	197	3	–	–	PUNCT
emaj-33	197	4	decision	decision	NOUN
emaj-33	197	5	tree	tree	NOUN
emaj-33	197	6	:	:	PUNCT
emaj-33	197	7	forecasting	forecast	VERB
emaj-33	197	8	information	information	PROPN
emaj-33	197	9	dr	dr	PROPN
emaj-33	197	10	.	.	PROPN
emaj-33	197	11	wided	wide	VERB
emaj-33	197	12	khiari	khiari	PROPN
emaj-33	197	13	p	p	PROPN
emaj-33	197	14	a	a	DET
emaj-33	197	15	g	g	NOUN
emaj-33	197	16	e	e	NOUN
emaj-33	197	17	|	|	ADV
emaj-33	197	18	58|	58|	NUM
emaj-33	197	19	emerging	emerge	VERB
emaj-33	197	20	markets	market	NOUN
emaj-33	197	21	journal	journal	NOUN
emaj-33	197	22	volume	volume	NOUN
emaj-33	197	23	3	3	NUM
emaj-33	197	24	no	no	DET
emaj-33	197	25	2	2	NUM
emaj-33	197	26	(	(	PUNCT
emaj-33	197	27	2013	2013	NUM
emaj-33	197	28	)	)	PUNCT
emaj-33	198	1	|	|	ADV
emaj-33	198	2	issn	issn	VERB
emaj-33	198	3	2158	2158	NUM
emaj-33	198	4	-	-	SYM
emaj-33	198	5	8708	8708	NUM
emaj-33	198	6	(	(	PUNCT
emaj-33	198	7	online	online	NOUN
emaj-33	198	8	)	)	PUNCT
emaj-33	198	9	|	|	ADV
emaj-33	198	10	10.5195	10.5195	NUM
emaj-33	198	11	/	/	SYM
emaj-33	198	12	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	198	13	|	|	NOUN
emaj-33	198	14	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	198	15	indeed	indeed	ADV
emaj-33	198	16	,	,	PUNCT
emaj-33	198	17	for	for	ADP
emaj-33	198	18	companies	company	NOUN
emaj-33	198	19	of	of	ADP
emaj-33	198	20	the	the	DET
emaj-33	198	21	financial	financial	ADJ
emaj-33	198	22	sector	sector	NOUN
emaj-33	198	23	,	,	PUNCT
emaj-33	198	24	the	the	DET
emaj-33	198	25	best	good	ADJ
emaj-33	198	26	variable	variable	NOUN
emaj-33	198	27	which	which	PRON
emaj-33	198	28	allows	allow	VERB
emaj-33	198	29	better	well	ADJ
emaj-33	198	30	discrimination	discrimination	NOUN
emaj-33	198	31	is	be	AUX
emaj-33	198	32	the	the	DET
emaj-33	198	33	percentage	percentage	NOUN
emaj-33	198	34	of	of	ADP
emaj-33	198	35	outsiders	outsider	NOUN
emaj-33	198	36	in	in	ADP
emaj-33	198	37	the	the	DET
emaj-33	198	38	board	board	NOUN
emaj-33	198	39	of	of	ADP
emaj-33	198	40	directors	director	NOUN
emaj-33	198	41	followed	follow	VERB
emaj-33	198	42	by	by	ADP
emaj-33	198	43	the	the	DET
emaj-33	198	44	size	size	NOUN
emaj-33	198	45	of	of	ADP
emaj-33	198	46	the	the	DET
emaj-33	198	47	board	board	NOUN
emaj-33	198	48	of	of	ADP
emaj-33	198	49	directors	director	NOUN
emaj-33	198	50	.	.	PUNCT
emaj-33	199	1	however	however	ADV
emaj-33	199	2	,	,	PUNCT
emaj-33	199	3	for	for	ADP
emaj-33	199	4	companies	company	NOUN
emaj-33	199	5	belonging	belong	VERB
emaj-33	199	6	to	to	ADP
emaj-33	199	7	the	the	DET
emaj-33	199	8	nonfinancial	nonfinancial	ADJ
emaj-33	199	9	sector	sector	NOUN
emaj-33	199	10	,	,	PUNCT
emaj-33	199	11	the	the	DET
emaj-33	199	12	best	well	ADV
emaj-33	199	13	independent	independent	ADJ
emaj-33	199	14	variable	variable	NOUN
emaj-33	199	15	is	be	AUX
emaj-33	199	16	the	the	DET
emaj-33	199	17	size	size	NOUN
emaj-33	199	18	of	of	ADP
emaj-33	199	19	the	the	DET
emaj-33	199	20	board	board	NOUN
emaj-33	199	21	followed	follow	VERB
emaj-33	199	22	by	by	ADP
emaj-33	199	23	concentration	concentration	NOUN
emaj-33	199	24	of	of	ADP
emaj-33	199	25	ownership	ownership	NOUN
emaj-33	199	26	.	.	PUNCT
emaj-33	200	1	if	if	SCONJ
emaj-33	200	2	the	the	DET
emaj-33	200	3	latter	latter	NOUN
emaj-33	200	4	is	be	AUX
emaj-33	200	5	high	high	ADJ
emaj-33	200	6	,	,	PUNCT
emaj-33	200	7	the	the	DET
emaj-33	200	8	managerial	managerial	ADJ
emaj-33	200	9	ownership	ownership	NOUN
emaj-33	200	10	is	be	AUX
emaj-33	200	11	the	the	DET
emaj-33	200	12	following	follow	VERB
emaj-33	200	13	variable	variable	NOUN
emaj-33	200	14	;	;	PUNCT
emaj-33	200	15	otherwise	otherwise	ADV
emaj-33	200	16	it	it	PRON
emaj-33	200	17	is	be	AUX
emaj-33	200	18	the	the	DET
emaj-33	200	19	percentage	percentage	NOUN
emaj-33	200	20	of	of	ADP
emaj-33	200	21	outsiders	outsider	NOUN
emaj-33	200	22	in	in	ADP
emaj-33	200	23	the	the	DET
emaj-33	200	24	board	board	NOUN
emaj-33	200	25	of	of	ADP
emaj-33	200	26	directors	director	NOUN
emaj-33	200	27	.	.	PUNCT
emaj-33	201	1	finally	finally	ADV
emaj-33	201	2	,	,	PUNCT
emaj-33	201	3	if	if	SCONJ
emaj-33	201	4	the	the	DET
emaj-33	201	5	managerial	managerial	ADJ
emaj-33	201	6	ownership	ownership	NOUN
emaj-33	201	7	is	be	AUX
emaj-33	201	8	low	low	ADJ
emaj-33	201	9	the	the	DET
emaj-33	201	10	pattern	pattern	NOUN
emaj-33	201	11	includes	include	VERB
emaj-33	201	12	another	another	DET
emaj-33	201	13	variable	variable	NOUN
emaj-33	201	14	that	that	PRON
emaj-33	201	15	is	be	AUX
emaj-33	201	16	the	the	DET
emaj-33	201	17	percentage	percentage	NOUN
emaj-33	201	18	of	of	ADP
emaj-33	201	19	outside	outside	ADJ
emaj-33	201	20	directors	director	NOUN
emaj-33	201	21	in	in	ADP
emaj-33	201	22	the	the	DET
emaj-33	201	23	council	council	NOUN
emaj-33	201	24	.	.	PUNCT
emaj-33	202	1	4.2.taxonomy	4.2.taxonomy	NUM
emaj-33	202	2	of	of	ADP
emaj-33	202	3	tunisian	tunisian	ADJ
emaj-33	202	4	listed	list	VERB
emaj-33	202	5	firms	firm	NOUN
emaj-33	202	6	as	as	SCONJ
emaj-33	202	7	shown	show	VERB
emaj-33	202	8	above	above	ADP
emaj-33	202	9	structures	structure	NOUN
emaj-33	202	10	provided	provide	VERB
emaj-33	202	11	by	by	ADP
emaj-33	202	12	the	the	DET
emaj-33	202	13	decision	decision	NOUN
emaj-33	202	14	trees	tree	NOUN
emaj-33	202	15	provide	provide	VERB
emaj-33	202	16	ways	way	NOUN
emaj-33	202	17	to	to	PART
emaj-33	202	18	build	build	VERB
emaj-33	202	19	groups	group	NOUN
emaj-33	202	20	to	to	PART
emaj-33	202	21	identify	identify	VERB
emaj-33	202	22	optimal	optimal	ADJ
emaj-33	202	23	combinations	combination	NOUN
emaj-33	202	24	of	of	ADP
emaj-33	202	25	characteristics	characteristic	NOUN
emaj-33	202	26	of	of	ADP
emaj-33	202	27	corporate	corporate	ADJ
emaj-33	202	28	governance	governance	NOUN
emaj-33	202	29	to	to	PART
emaj-33	202	30	achieve	achieve	VERB
emaj-33	202	31	good	good	ADJ
emaj-33	202	32	quality	quality	NOUN
emaj-33	202	33	of	of	ADP
emaj-33	202	34	disclosure	disclosure	NOUN
emaj-33	202	35	.	.	PUNCT
emaj-33	203	1	indeed	indeed	ADV
emaj-33	203	2	,	,	PUNCT
emaj-33	203	3	the	the	DET
emaj-33	203	4	use	use	NOUN
emaj-33	203	5	of	of	ADP
emaj-33	203	6	this	this	DET
emaj-33	203	7	method	method	NOUN
emaj-33	203	8	is	be	AUX
emaj-33	203	9	justified	justify	VERB
emaj-33	203	10	by	by	ADP
emaj-33	203	11	the	the	DET
emaj-33	203	12	fact	fact	NOUN
emaj-33	203	13	that	that	SCONJ
emaj-33	203	14	firms	firm	NOUN
emaj-33	203	15	differ	differ	VERB
emaj-33	203	16	,	,	PUNCT
emaj-33	203	17	and	and	CCONJ
emaj-33	203	18	each	each	DET
emaj-33	203	19	company	company	NOUN
emaj-33	203	20	has	have	VERB
emaj-33	203	21	its	its	PRON
emaj-33	203	22	specificities	specificity	NOUN
emaj-33	203	23	.	.	PUNCT
emaj-33	204	1	thus	thus	ADV
emaj-33	204	2	,	,	PUNCT
emaj-33	204	3	we	we	PRON
emaj-33	204	4	can	can	AUX
emaj-33	204	5	not	not	PART
emaj-33	204	6	talk	talk	VERB
emaj-33	204	7	about	about	ADP
emaj-33	204	8	an	an	DET
emaj-33	204	9	optimal	optimal	ADJ
emaj-33	204	10	corporate	corporate	ADJ
emaj-33	204	11	governance	governance	NOUN
emaj-33	204	12	structure	structure	NOUN
emaj-33	204	13	for	for	ADP
emaj-33	204	14	all	all	DET
emaj-33	204	15	firms	firm	NOUN
emaj-33	204	16	and	and	CCONJ
emaj-33	204	17	even	even	ADV
emaj-33	204	18	for	for	ADP
emaj-33	204	19	those	those	PRON
emaj-33	204	20	belonging	belong	VERB
emaj-33	204	21	to	to	ADP
emaj-33	204	22	the	the	DET
emaj-33	204	23	same	same	ADJ
emaj-33	204	24	activity	activity	NOUN
emaj-33	204	25	sector	sector	NOUN
emaj-33	204	26	.	.	PUNCT
emaj-33	205	1	in	in	ADP
emaj-33	205	2	what	what	PRON
emaj-33	205	3	follows	follow	VERB
emaj-33	205	4	,	,	PUNCT
emaj-33	205	5	we	we	PRON
emaj-33	205	6	will	will	AUX
emaj-33	205	7	try	try	VERB
emaj-33	205	8	to	to	PART
emaj-33	205	9	make	make	VERB
emaj-33	205	10	sense	sense	NOUN
emaj-33	205	11	of	of	ADP
emaj-33	205	12	the	the	DET
emaj-33	205	13	different	different	ADJ
emaj-33	205	14	results	result	NOUN
emaj-33	205	15	depending	depend	VERB
emaj-33	205	16	on	on	ADP
emaj-33	205	17	the	the	DET
emaj-33	205	18	type	type	NOUN
emaj-33	205	19	of	of	ADP
emaj-33	205	20	information	information	NOUN
emaj-33	205	21	disclosed	disclose	VERB
emaj-33	205	22	.	.	PUNCT
emaj-33	206	1	indeed	indeed	ADV
emaj-33	206	2	,	,	PUNCT
emaj-33	206	3	we	we	PRON
emaj-33	206	4	were	be	AUX
emaj-33	206	5	able	able	ADJ
emaj-33	206	6	to	to	PART
emaj-33	206	7	get	get	VERB
emaj-33	206	8	23	23	NUM
emaj-33	206	9	groups	group	NOUN
emaj-33	206	10	where	where	SCONJ
emaj-33	206	11	the	the	DET
emaj-33	206	12	contribution	contribution	NOUN
emaj-33	206	13	of	of	ADP
emaj-33	206	14	corporate	corporate	ADJ
emaj-33	206	15	governance	governance	NOUN
emaj-33	206	16	characteristics	characteristic	NOUN
emaj-33	206	17	in	in	ADP
emaj-33	206	18	the	the	DET
emaj-33	206	19	improvement	improvement	NOUN
emaj-33	206	20	of	of	ADP
emaj-33	206	21	the	the	DET
emaj-33	206	22	quality	quality	NOUN
emaj-33	206	23	of	of	ADP
emaj-33	206	24	disclosure	disclosure	NOUN
emaj-33	206	25	differs	differ	NOUN
emaj-33	206	26	.	.	PUNCT
emaj-33	207	1	distribution	distribution	NOUN
emaj-33	207	2	and	and	CCONJ
emaj-33	207	3	combinations	combination	NOUN
emaj-33	207	4	of	of	ADP
emaj-33	207	5	the	the	DET
emaj-33	207	6	corporate	corporate	ADJ
emaj-33	207	7	governance	governance	NOUN
emaj-33	207	8	characteristics	characteristic	NOUN
emaj-33	207	9	of	of	ADP
emaj-33	207	10	each	each	DET
emaj-33	207	11	group	group	NOUN
emaj-33	207	12	are	be	AUX
emaj-33	207	13	given	give	VERB
emaj-33	207	14	by	by	ADP
emaj-33	207	15	the	the	DET
emaj-33	207	16	table	table	NOUN
emaj-33	207	17	5	5	NUM
emaj-33	207	18	.	.	PUNCT
emaj-33	207	19	table	table	NOUN
emaj-33	207	20	v	v	ADP
emaj-33	207	21	taxonomy	taxonomy	NOUN
emaj-33	207	22	of	of	ADP
emaj-33	207	23	tunisian	tunisian	ADJ
emaj-33	207	24	listed	list	VERB
emaj-33	207	25	firms	firm	NOUN
emaj-33	207	26	according	accord	VERB
emaj-33	207	27	to	to	ADP
emaj-33	207	28	the	the	DET
emaj-33	207	29	corporate	corporate	ADJ
emaj-33	207	30	governance	governance	NOUN
emaj-33	207	31	features	feature	NOUN
emaj-33	207	32	and	and	CCONJ
emaj-33	207	33	disclosure	disclosure	NOUN
emaj-33	207	34	quality	quality	NOUN
emaj-33	207	35	nature	nature	NOUN
emaj-33	207	36	of	of	ADP
emaj-33	207	37	the	the	DET
emaj-33	207	38	information	information	NOUN
emaj-33	207	39	disclosed	disclose	VERB
emaj-33	207	40	groups	group	NOUN
emaj-33	207	41	corporate	corporate	ADJ
emaj-33	207	42	governance	governance	NOUN
emaj-33	207	43	features	feature	VERB
emaj-33	207	44	s	s	PART
emaj-33	207	45	-	-	NOUN
emaj-33	207	46	c	c	NOUN
emaj-33	207	47	1	1	NUM
emaj-33	207	48	–	–	PUNCT
emaj-33	207	49	good	good	ADJ
emaj-33	207	50	disclosure	disclosure	NOUN
emaj-33	207	51	quality	quality	NOUN
emaj-33	207	52	of	of	ADP
emaj-33	207	53	general	general	ADJ
emaj-33	207	54	information	information	NOUN
emaj-33	207	55	on	on	ADP
emaj-33	207	56	the	the	DET
emaj-33	207	57	company	company	NOUN
emaj-33	207	58	group	group	NOUN
emaj-33	207	59	1	1	NUM
emaj-33	207	60	financial	financial	ADJ
emaj-33	207	61	sector	sector	NOUN
emaj-33	207	62	,	,	PUNCT
emaj-33	207	63	no	no	DET
emaj-33	207	64	audit	audit	NOUN
emaj-33	207	65	committee	committee	NOUN
emaj-33	207	66	,	,	PUNCT
emaj-33	207	67	low	low	ADJ
emaj-33	207	68	ownership	ownership	NOUN
emaj-33	207	69	concentration	concentration	NOUN
emaj-33	207	70	.	.	PUNCT
emaj-33	208	1	group	group	NOUN
emaj-33	208	2	2	2	NUM
emaj-33	208	3	financial	financial	ADJ
emaj-33	208	4	sector	sector	NOUN
emaj-33	208	5	,	,	PUNCT
emaj-33	208	6	existence	existence	NOUN
emaj-33	208	7	of	of	ADP
emaj-33	208	8	an	an	DET
emaj-33	208	9	audit	audit	NOUN
emaj-33	208	10	committee	committee	NOUN
emaj-33	208	11	,	,	PUNCT
emaj-33	208	12	high	high	ADJ
emaj-33	208	13	ownership	ownership	NOUN
emaj-33	208	14	concentration	concentration	NOUN
emaj-33	208	15	group	group	NOUN
emaj-33	208	16	3	3	NUM
emaj-33	208	17	financial	financial	ADJ
emaj-33	208	18	sector	sector	NOUN
emaj-33	208	19	,	,	PUNCT
emaj-33	208	20	existence	existence	NOUN
emaj-33	208	21	of	of	ADP
emaj-33	208	22	an	an	DET
emaj-33	208	23	audit	audit	NOUN
emaj-33	208	24	committee	committee	NOUN
emaj-33	208	25	,	,	PUNCT
emaj-33	208	26	low	low	ADJ
emaj-33	208	27	ownership	ownership	NOUN
emaj-33	208	28	concentration	concentration	NOUN
emaj-33	208	29	,	,	PUNCT
emaj-33	208	30	low	low	ADJ
emaj-33	208	31	directors	director	NOUN
emaj-33	208	32	ownership	ownership	NOUN
emaj-33	208	33	.	.	PUNCT
emaj-33	209	1	group	group	NOUN
emaj-33	209	2	4	4	NUM
emaj-33	209	3	non	non	X
emaj-33	209	4	financial	financial	ADJ
emaj-33	209	5	sector	sector	NOUN
emaj-33	209	6	,	,	PUNCT
emaj-33	209	7	low	low	ADJ
emaj-33	209	8	institutional	institutional	ADJ
emaj-33	209	9	ownership	ownership	NOUN
emaj-33	209	10	,	,	PUNCT
emaj-33	209	11	big	big	ADJ
emaj-33	209	12	size	size	NOUN
emaj-33	209	13	of	of	ADP
emaj-33	209	14	board	board	NOUN
emaj-33	209	15	of	of	ADP
emaj-33	209	16	directors	director	NOUN
emaj-33	209	17	group	group	NOUN
emaj-33	209	18	5	5	NUM
emaj-33	209	19	non	non	X
emaj-33	209	20	financial	financial	ADJ
emaj-33	209	21	sector	sector	NOUN
emaj-33	209	22	,	,	PUNCT
emaj-33	209	23	low	low	ADJ
emaj-33	209	24	institutional	institutional	ADJ
emaj-33	209	25	ownership	ownership	NOUN
emaj-33	209	26	,	,	PUNCT
emaj-33	209	27	small	small	ADJ
emaj-33	209	28	size	size	NOUN
emaj-33	209	29	of	of	ADP
emaj-33	209	30	board	board	NOUN
emaj-33	209	31	of	of	ADP
emaj-33	209	32	directors	director	NOUN
emaj-33	209	33	,	,	PUNCT
emaj-33	209	34	average	average	ADJ
emaj-33	209	35	family	family	NOUN
emaj-33	209	36	property	property	NOUN
emaj-33	209	37	volume	volume	NOUN
emaj-33	209	38	3	3	NUM
emaj-33	209	39	no	no	DET
emaj-33	209	40	2	2	NUM
emaj-33	209	41	(	(	PUNCT
emaj-33	209	42	2013	2013	NUM
emaj-33	209	43	)	)	PUNCT
emaj-33	209	44	|	|	ADV
emaj-33	209	45	issn	issn	VERB
emaj-33	209	46	2158	2158	NUM
emaj-33	209	47	-	-	SYM
emaj-33	209	48	8708	8708	NUM
emaj-33	209	49	(	(	PUNCT
emaj-33	209	50	online	online	NOUN
emaj-33	209	51	)	)	PUNCT
emaj-33	209	52	|	|	ADV
emaj-33	209	53	10.5195	10.5195	NUM
emaj-33	209	54	/	/	SYM
emaj-33	209	55	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	209	56	|	|	NOUN
emaj-33	209	57	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	209	58	corporate	corporate	ADJ
emaj-33	209	59	governance	governance	NOUN
emaj-33	209	60	and	and	CCONJ
emaj-33	209	61	disclosure	disclosure	NOUN
emaj-33	209	62	quality	quality	NOUN
emaj-33	209	63	:	:	PUNCT
emaj-33	209	64	taxonomy	taxonomy	NOUN
emaj-33	209	65	of	of	ADP
emaj-33	209	66	tunisian	tunisian	ADJ
emaj-33	209	67	listed	list	VERB
emaj-33	209	68	firms	firm	NOUN
emaj-33	209	69	using	use	VERB
emaj-33	209	70	the	the	DET
emaj-33	209	71	decision	decision	NOUN
emaj-33	209	72	tree	tree	NOUN
emaj-33	209	73	method	method	NOUN
emaj-33	209	74	based	base	VERB
emaj-33	209	75	approach	approach	NOUN
emaj-33	209	76	emerging	emerge	VERB
emaj-33	209	77	markets	market	NOUN
emaj-33	209	78	journal	journal	NOUN
emaj-33	209	79	|	|	ADV
emaj-33	209	80	p	p	NOUN
emaj-33	209	81	a	a	DET
emaj-33	209	82	g	g	NOUN
emaj-33	209	83	e	e	PROPN
emaj-33	209	84	|	|	ADV
emaj-33	209	85	59	59	NUM
emaj-33	209	86	group	group	NOUN
emaj-33	209	87	6	6	NUM
emaj-33	209	88	non	non	X
emaj-33	209	89	financial	financial	ADJ
emaj-33	209	90	sector	sector	NOUN
emaj-33	209	91	,	,	PUNCT
emaj-33	209	92	high	high	ADJ
emaj-33	209	93	institutional	institutional	ADJ
emaj-33	209	94	property	property	NOUN
emaj-33	209	95	.	.	PUNCT
emaj-33	210	1	s	s	X
emaj-33	210	2	-	-	PUNCT
emaj-33	210	3	c	c	NOUN
emaj-33	210	4	2	2	NUM
emaj-33	210	5	–	–	PUNCT
emaj-33	210	6	good	good	ADJ
emaj-33	210	7	disclosure	disclosure	NOUN
emaj-33	210	8	quality	quality	NOUN
emaj-33	210	9	of	of	ADP
emaj-33	210	10	information	information	NOUN
emaj-33	210	11	on	on	ADP
emaj-33	210	12	the	the	DET
emaj-33	210	13	direction	direction	NOUN
emaj-33	210	14	and	and	CCONJ
emaj-33	210	15	shareholders	shareholder	NOUN
emaj-33	210	16	group	group	NOUN
emaj-33	210	17	1	1	NUM
emaj-33	210	18	financial	financial	ADJ
emaj-33	210	19	sector	sector	NOUN
emaj-33	210	20	,	,	PUNCT
emaj-33	210	21	no	no	DET
emaj-33	210	22	audit	audit	NOUN
emaj-33	210	23	committee	committee	NOUN
emaj-33	210	24	,	,	PUNCT
emaj-33	210	25	audit	audit	NOUN
emaj-33	210	26	committee	committee	NOUN
emaj-33	210	27	belong	belong	VERB
emaj-33	210	28	to	to	ADP
emaj-33	210	29	a	a	DET
emaj-33	210	30	big4	big4	NOUN
emaj-33	210	31	group	group	NOUN
emaj-33	210	32	2	2	NUM
emaj-33	210	33	financial	financial	ADJ
emaj-33	210	34	sector	sector	NOUN
emaj-33	210	35	,	,	PUNCT
emaj-33	210	36	existence	existence	NOUN
emaj-33	210	37	of	of	ADP
emaj-33	210	38	an	an	DET
emaj-33	210	39	audit	audit	NOUN
emaj-33	210	40	committee	committee	NOUN
emaj-33	210	41	,	,	PUNCT
emaj-33	210	42	low	low	ADJ
emaj-33	210	43	ownership	ownership	NOUN
emaj-33	210	44	concentration	concentration	NOUN
emaj-33	210	45	,	,	PUNCT
emaj-33	210	46	high	high	ADJ
emaj-33	210	47	family	family	NOUN
emaj-33	210	48	property	property	NOUN
emaj-33	210	49	.	.	PUNCT
emaj-33	211	1	group	group	NOUN
emaj-33	211	2	3	3	NUM
emaj-33	211	3	financial	financial	ADJ
emaj-33	211	4	sector	sector	NOUN
emaj-33	211	5	,	,	PUNCT
emaj-33	211	6	existence	existence	NOUN
emaj-33	211	7	of	of	ADP
emaj-33	211	8	an	an	DET
emaj-33	211	9	audit	audit	NOUN
emaj-33	211	10	committee	committee	NOUN
emaj-33	211	11	,	,	PUNCT
emaj-33	211	12	high	high	ADJ
emaj-33	211	13	ownership	ownership	NOUN
emaj-33	211	14	concentration	concentration	NOUN
emaj-33	211	15	,	,	PUNCT
emaj-33	211	16	duality	duality	NOUN
emaj-33	211	17	.	.	PUNCT
emaj-33	212	1	group	group	NOUN
emaj-33	212	2	4	4	NUM
emaj-33	212	3	non	non	X
emaj-33	212	4	financial	financial	ADJ
emaj-33	212	5	sector	sector	NOUN
emaj-33	212	6	,	,	PUNCT
emaj-33	212	7	high	high	ADJ
emaj-33	212	8	state	state	NOUN
emaj-33	212	9	property	property	NOUN
emaj-33	212	10	,	,	PUNCT
emaj-33	212	11	high	high	ADJ
emaj-33	212	12	family	family	NOUN
emaj-33	212	13	property	property	NOUN
emaj-33	212	14	,	,	PUNCT
emaj-33	212	15	high	high	ADJ
emaj-33	212	16	institutional	institutional	ADJ
emaj-33	212	17	property	property	NOUN
emaj-33	212	18	,	,	PUNCT
emaj-33	212	19	audit	audit	NOUN
emaj-33	212	20	committee	committee	NOUN
emaj-33	212	21	is	be	AUX
emaj-33	212	22	not	not	PART
emaj-33	212	23	a	a	DET
emaj-33	212	24	big4	big4	NOUN
emaj-33	212	25	group	group	NOUN
emaj-33	212	26	5	5	NUM
emaj-33	212	27	non	non	ADJ
emaj-33	212	28	financial	financial	ADJ
emaj-33	212	29	sector	sector	NOUN
emaj-33	212	30	,	,	PUNCT
emaj-33	212	31	high	high	ADJ
emaj-33	212	32	state	state	NOUN
emaj-33	212	33	property	property	NOUN
emaj-33	212	34	,	,	PUNCT
emaj-33	212	35	low	low	ADJ
emaj-33	212	36	family	family	NOUN
emaj-33	212	37	property	property	NOUN
emaj-33	212	38	.	.	PUNCT
emaj-33	213	1	s	s	X
emaj-33	213	2	-	-	PUNCT
emaj-33	213	3	c	c	NOUN
emaj-33	213	4	3	3	NUM
emaj-33	213	5	–	–	PUNCT
emaj-33	213	6	good	good	ADJ
emaj-33	213	7	disclosure	disclosure	NOUN
emaj-33	213	8	quality	quality	NOUN
emaj-33	213	9	of	of	ADP
emaj-33	213	10	non	non	ADJ
emaj-33	213	11	financial	financial	PROPN
emaj-33	213	12	group1	group1	PROPN
emaj-33	213	13	financial	financial	ADJ
emaj-33	213	14	sector	sector	NOUN
emaj-33	213	15	,	,	PUNCT
emaj-33	213	16	low	low	ADJ
emaj-33	213	17	ownership	ownership	NOUN
emaj-33	213	18	concentration	concentration	NOUN
emaj-33	213	19	.	.	PUNCT
emaj-33	214	1	information	information	NOUN
emaj-33	214	2	group	group	NOUN
emaj-33	214	3	2	2	NUM
emaj-33	214	4	financial	financial	ADJ
emaj-33	214	5	sector	sector	NOUN
emaj-33	214	6	,	,	PUNCT
emaj-33	214	7	high	high	ADJ
emaj-33	214	8	concentration	concentration	NOUN
emaj-33	214	9	,	,	PUNCT
emaj-33	214	10	low	low	ADJ
emaj-33	214	11	institutional	institutional	ADJ
emaj-33	214	12	property	property	NOUN
emaj-33	214	13	,	,	PUNCT
emaj-33	214	14	low	low	ADJ
emaj-33	214	15	property	property	NOUN
emaj-33	214	16	of	of	ADP
emaj-33	214	17	directors	director	NOUN
emaj-33	214	18	.	.	PUNCT
emaj-33	215	1	group	group	NOUN
emaj-33	215	2	3	3	NUM
emaj-33	215	3	financial	financial	ADJ
emaj-33	215	4	sector	sector	NOUN
emaj-33	215	5	,	,	PUNCT
emaj-33	215	6	high	high	ADJ
emaj-33	215	7	concentration	concentration	NOUN
emaj-33	215	8	,	,	PUNCT
emaj-33	215	9	high	high	ADJ
emaj-33	215	10	institutional	institutional	ADJ
emaj-33	215	11	property	property	NOUN
emaj-33	215	12	group	group	NOUN
emaj-33	215	13	4	4	NUM
emaj-33	215	14	non	non	X
emaj-33	215	15	financial	financial	ADJ
emaj-33	215	16	sector	sector	NOUN
emaj-33	215	17	,	,	PUNCT
emaj-33	215	18	low	low	ADJ
emaj-33	215	19	percentage	percentage	NOUN
emaj-33	215	20	of	of	ADP
emaj-33	215	21	outsiders	outsider	NOUN
emaj-33	215	22	in	in	ADP
emaj-33	215	23	the	the	DET
emaj-33	215	24	board	board	NOUN
emaj-33	215	25	,	,	PUNCT
emaj-33	215	26	high	high	ADJ
emaj-33	215	27	family	family	NOUN
emaj-33	215	28	property	property	NOUN
emaj-33	215	29	,	,	PUNCT
emaj-33	215	30	group	group	NOUN
emaj-33	215	31	5	5	NUM
emaj-33	215	32	non	non	ADJ
emaj-33	215	33	financial	financial	ADJ
emaj-33	215	34	sector	sector	NOUN
emaj-33	215	35	,	,	PUNCT
emaj-33	215	36	an	an	DET
emaj-33	215	37	average	average	ADJ
emaj-33	215	38	percentage	percentage	NOUN
emaj-33	215	39	of	of	ADP
emaj-33	215	40	outsiders	outsider	NOUN
emaj-33	215	41	in	in	ADP
emaj-33	215	42	the	the	DET
emaj-33	215	43	board	board	NOUN
emaj-33	215	44	,	,	PUNCT
emaj-33	215	45	low	low	ADJ
emaj-33	215	46	family	family	NOUN
emaj-33	215	47	property	property	NOUN
emaj-33	215	48	s	s	NOUN
emaj-33	215	49	-	-	NOUN
emaj-33	215	50	c	c	NOUN
emaj-33	215	51	4	4	NUM
emaj-33	215	52	–	–	PUNCT
emaj-33	215	53	good	good	ADJ
emaj-33	215	54	disclosure	disclosure	NOUN
emaj-33	215	55	quality	quality	NOUN
emaj-33	215	56	of	of	ADP
emaj-33	215	57	forecasting	forecast	VERB
emaj-33	215	58	information	information	NOUN
emaj-33	215	59	group	group	NOUN
emaj-33	215	60	1	1	NUM
emaj-33	215	61	financial	financial	ADJ
emaj-33	215	62	sector	sector	NOUN
emaj-33	215	63	,	,	PUNCT
emaj-33	215	64	high	high	ADJ
emaj-33	215	65	percentage	percentage	NOUN
emaj-33	215	66	of	of	ADP
emaj-33	215	67	outsiders	outsider	NOUN
emaj-33	215	68	in	in	ADP
emaj-33	215	69	the	the	DET
emaj-33	215	70	board	board	NOUN
emaj-33	215	71	,	,	PUNCT
emaj-33	215	72	small	small	ADJ
emaj-33	215	73	size	size	NOUN
emaj-33	215	74	of	of	ADP
emaj-33	215	75	the	the	DET
emaj-33	215	76	board	board	NOUN
emaj-33	215	77	.	.	PUNCT
emaj-33	216	1	group	group	NOUN
emaj-33	216	2	2	2	NUM
emaj-33	216	3	non	non	ADJ
emaj-33	216	4	financial	financial	ADJ
emaj-33	216	5	sector	sector	NOUN
emaj-33	216	6	,	,	PUNCT
emaj-33	216	7	big	big	ADJ
emaj-33	216	8	size	size	NOUN
emaj-33	216	9	of	of	ADP
emaj-33	216	10	the	the	DET
emaj-33	216	11	board	board	NOUN
emaj-33	216	12	,	,	PUNCT
emaj-33	216	13	high	high	ADJ
emaj-33	216	14	concentration	concentration	NOUN
emaj-33	216	15	,	,	PUNCT
emaj-33	216	16	low	low	ADJ
emaj-33	216	17	managerial	managerial	ADJ
emaj-33	216	18	property	property	NOUN
emaj-33	216	19	,	,	PUNCT
emaj-33	216	20	low	low	PROPN
emaj-33	216	21	dr	dr	PROPN
emaj-33	216	22	.	.	PROPN
emaj-33	216	23	wided	wide	VERB
emaj-33	216	24	khiari	khiari	PROPN
emaj-33	216	25	p	p	PROPN
emaj-33	216	26	a	a	DET
emaj-33	216	27	g	g	NOUN
emaj-33	216	28	e	e	NOUN
emaj-33	216	29	|	|	ADV
emaj-33	216	30	60|	60|	NUM
emaj-33	216	31	emerging	emerge	VERB
emaj-33	216	32	markets	market	NOUN
emaj-33	216	33	journal	journal	NOUN
emaj-33	216	34	volume	volume	NOUN
emaj-33	216	35	3	3	NUM
emaj-33	216	36	no	no	DET
emaj-33	216	37	2	2	NUM
emaj-33	216	38	(	(	PUNCT
emaj-33	216	39	2013	2013	NUM
emaj-33	216	40	)	)	PUNCT
emaj-33	216	41	|	|	ADV
emaj-33	216	42	issn	issn	VERB
emaj-33	216	43	2158	2158	NUM
emaj-33	216	44	-	-	SYM
emaj-33	216	45	8708	8708	NUM
emaj-33	216	46	(	(	PUNCT
emaj-33	216	47	online	online	NOUN
emaj-33	216	48	)	)	PUNCT
emaj-33	217	1	|	|	ADV
emaj-33	217	2	10.5195	10.5195	NUM
emaj-33	217	3	/	/	SYM
emaj-33	217	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	217	5	|	|	NOUN
emaj-33	217	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	217	7	percentage	percentage	NOUN
emaj-33	217	8	of	of	ADP
emaj-33	217	9	outsiders	outsider	NOUN
emaj-33	217	10	in	in	ADP
emaj-33	217	11	the	the	DET
emaj-33	217	12	board	board	NOUN
emaj-33	217	13	.	.	PUNCT
emaj-33	218	1	group	group	NOUN
emaj-33	218	2	3	3	NUM
emaj-33	218	3	non	non	ADJ
emaj-33	218	4	financial	financial	ADJ
emaj-33	218	5	sector	sector	NOUN
emaj-33	218	6	,	,	PUNCT
emaj-33	218	7	big	big	ADJ
emaj-33	218	8	size	size	NOUN
emaj-33	218	9	of	of	ADP
emaj-33	218	10	the	the	DET
emaj-33	218	11	board	board	NOUN
emaj-33	218	12	,	,	PUNCT
emaj-33	218	13	high	high	ADJ
emaj-33	218	14	ownership	ownership	NOUN
emaj-33	218	15	concentration	concentration	NOUN
emaj-33	218	16	,	,	PUNCT
emaj-33	218	17	high	high	ADJ
emaj-33	218	18	managerial	managerial	ADJ
emaj-33	218	19	property	property	NOUN
emaj-33	218	20	.	.	PUNCT
emaj-33	219	1	group	group	NOUN
emaj-33	219	2	4	4	NUM
emaj-33	219	3	non	non	X
emaj-33	219	4	financial	financial	ADJ
emaj-33	219	5	sector	sector	NOUN
emaj-33	219	6	,	,	PUNCT
emaj-33	219	7	big	big	ADJ
emaj-33	219	8	size	size	NOUN
emaj-33	219	9	of	of	ADP
emaj-33	219	10	the	the	DET
emaj-33	219	11	board	board	NOUN
emaj-33	219	12	,	,	PUNCT
emaj-33	219	13	low	low	ADJ
emaj-33	219	14	ownership	ownership	NOUN
emaj-33	219	15	concentration	concentration	NOUN
emaj-33	219	16	,	,	PUNCT
emaj-33	219	17	low	low	ADJ
emaj-33	219	18	percentage	percentage	NOUN
emaj-33	219	19	of	of	ADP
emaj-33	219	20	outsiders	outsider	NOUN
emaj-33	219	21	in	in	ADP
emaj-33	219	22	the	the	DET
emaj-33	219	23	board	board	NOUN
emaj-33	219	24	.	.	PUNCT
emaj-33	220	1	s	s	X
emaj-33	220	2	-	-	PUNCT
emaj-33	220	3	c	c	NOUN
emaj-33	220	4	5	5	NUM
emaj-33	220	5	–	–	PUNCT
emaj-33	220	6	good	good	ADJ
emaj-33	220	7	disclosure	disclosure	NOUN
emaj-33	220	8	quality	quality	NOUN
emaj-33	220	9	of	of	ADP
emaj-33	220	10	financial	financial	ADJ
emaj-33	220	11	information	information	NOUN
emaj-33	220	12	group	group	NOUN
emaj-33	220	13	1	1	NUM
emaj-33	220	14	financial	financial	ADJ
emaj-33	220	15	sector	sector	NOUN
emaj-33	220	16	,	,	PUNCT
emaj-33	220	17	low	low	ADJ
emaj-33	220	18	concentration	concentration	NOUN
emaj-33	220	19	group	group	NOUN
emaj-33	220	20	2	2	NUM
emaj-33	220	21	non	non	ADJ
emaj-33	220	22	financial	financial	ADJ
emaj-33	220	23	sector	sector	NOUN
emaj-33	220	24	,	,	PUNCT
emaj-33	220	25	low	low	ADJ
emaj-33	220	26	family	family	NOUN
emaj-33	220	27	property	property	NOUN
emaj-33	220	28	,	,	PUNCT
emaj-33	220	29	high	high	ADJ
emaj-33	220	30	concentration	concentration	NOUN
emaj-33	220	31	,	,	PUNCT
emaj-33	220	32	small	small	ADJ
emaj-33	220	33	size	size	NOUN
emaj-33	220	34	of	of	ADP
emaj-33	220	35	the	the	DET
emaj-33	220	36	board	board	NOUN
emaj-33	220	37	,	,	PUNCT
emaj-33	220	38	audit	audit	NOUN
emaj-33	220	39	committee	committee	NOUN
emaj-33	220	40	is	be	AUX
emaj-33	220	41	a	a	DET
emaj-33	220	42	big4	big4	NOUN
emaj-33	220	43	.	.	PUNCT
emaj-33	221	1	group	group	NOUN
emaj-33	221	2	3	3	NUM
emaj-33	221	3	non	non	ADJ
emaj-33	221	4	financial	financial	ADJ
emaj-33	221	5	sector	sector	NOUN
emaj-33	221	6	,	,	PUNCT
emaj-33	221	7	low	low	ADJ
emaj-33	221	8	family	family	NOUN
emaj-33	221	9	property	property	NOUN
emaj-33	221	10	,	,	PUNCT
emaj-33	221	11	high	high	ADJ
emaj-33	221	12	concentration	concentration	NOUN
emaj-33	221	13	.	.	PUNCT
emaj-33	222	1	s	s	PART
emaj-33	222	2	c	c	NOUN
emaj-33	222	3	1	1	NUM
emaj-33	222	4	general	general	ADJ
emaj-33	222	5	information	information	NOUN
emaj-33	222	6	.	.	PUNCT
emaj-33	223	1	groups	group	NOUN
emaj-33	223	2	1	1	NUM
emaj-33	223	3	,	,	PUNCT
emaj-33	223	4	2	2	NUM
emaj-33	223	5	and	and	CCONJ
emaj-33	223	6	3	3	NUM
emaj-33	223	7	include	include	VERB
emaj-33	223	8	companies	company	NOUN
emaj-33	223	9	of	of	ADP
emaj-33	223	10	the	the	DET
emaj-33	223	11	financial	financial	ADJ
emaj-33	223	12	sector	sector	NOUN
emaj-33	223	13	.	.	PUNCT
emaj-33	224	1	g1	g1	PROPN
emaj-33	224	2	is	be	AUX
emaj-33	224	3	the	the	DET
emaj-33	224	4	group	group	NOUN
emaj-33	224	5	with	with	ADP
emaj-33	224	6	a	a	DET
emaj-33	224	7	low	low	ADJ
emaj-33	224	8	ownership	ownership	NOUN
emaj-33	224	9	concentration	concentration	NOUN
emaj-33	224	10	but	but	CCONJ
emaj-33	224	11	with	with	ADP
emaj-33	224	12	no	no	DET
emaj-33	224	13	audit	audit	NOUN
emaj-33	224	14	committee	committee	NOUN
emaj-33	224	15	.	.	PUNCT
emaj-33	225	1	this	this	DET
emaj-33	225	2	result	result	NOUN
emaj-33	225	3	is	be	AUX
emaj-33	225	4	explained	explain	VERB
emaj-33	225	5	by	by	ADP
emaj-33	225	6	the	the	DET
emaj-33	225	7	fact	fact	NOUN
emaj-33	225	8	that	that	SCONJ
emaj-33	225	9	in	in	ADP
emaj-33	225	10	firms	firm	NOUN
emaj-33	225	11	with	with	ADP
emaj-33	225	12	dispersed	disperse	VERB
emaj-33	225	13	ownership	ownership	NOUN
emaj-33	225	14	interest	interest	NOUN
emaj-33	225	15	conflicts	conflict	NOUN
emaj-33	225	16	are	be	AUX
emaj-33	225	17	more	more	ADV
emaj-33	225	18	important	important	ADJ
emaj-33	225	19	than	than	ADP
emaj-33	225	20	in	in	ADP
emaj-33	225	21	firms	firm	NOUN
emaj-33	225	22	with	with	ADP
emaj-33	225	23	concentrated	concentrated	ADJ
emaj-33	225	24	ownership	ownership	NOUN
emaj-33	225	25	.	.	PUNCT
emaj-33	226	1	in	in	ADP
emaj-33	226	2	addition	addition	NOUN
emaj-33	226	3	,	,	PUNCT
emaj-33	226	4	these	these	DET
emaj-33	226	5	companies	company	NOUN
emaj-33	226	6	have	have	VERB
emaj-33	226	7	no	no	DET
emaj-33	226	8	way	way	NOUN
emaj-33	226	9	of	of	ADP
emaj-33	226	10	internal	internal	ADJ
emaj-33	226	11	control	control	NOUN
emaj-33	226	12	,	,	PUNCT
emaj-33	226	13	to	to	PART
emaj-33	226	14	reduce	reduce	VERB
emaj-33	226	15	these	these	DET
emaj-33	226	16	conflicts	conflict	NOUN
emaj-33	226	17	and	and	CCONJ
emaj-33	226	18	to	to	PART
emaj-33	226	19	ensure	ensure	VERB
emaj-33	226	20	that	that	SCONJ
emaj-33	226	21	their	their	PRON
emaj-33	226	22	interests	interest	NOUN
emaj-33	226	23	are	be	AUX
emaj-33	226	24	optimized	optimize	VERB
emaj-33	226	25	,	,	PUNCT
emaj-33	226	26	some	some	DET
emaj-33	226	27	shareholders	shareholder	NOUN
emaj-33	226	28	require	require	VERB
emaj-33	226	29	leaders	leader	NOUN
emaj-33	226	30	to	to	PART
emaj-33	226	31	disclose	disclose	VERB
emaj-33	226	32	more	more	ADJ
emaj-33	226	33	information	information	NOUN
emaj-33	226	34	.	.	PUNCT
emaj-33	227	1	therefore	therefore	ADV
emaj-33	227	2	,	,	PUNCT
emaj-33	227	3	the	the	DET
emaj-33	227	4	disclosure	disclosure	NOUN
emaj-33	227	5	of	of	ADP
emaj-33	227	6	information	information	NOUN
emaj-33	227	7	is	be	AUX
emaj-33	227	8	likely	likely	ADJ
emaj-33	227	9	to	to	PART
emaj-33	227	10	be	be	AUX
emaj-33	227	11	more	more	ADV
emaj-33	227	12	intensive	intensive	ADJ
emaj-33	227	13	in	in	ADP
emaj-33	227	14	this	this	DET
emaj-33	227	15	type	type	NOUN
emaj-33	227	16	of	of	ADP
emaj-33	227	17	firms	firm	NOUN
emaj-33	227	18	.	.	PUNCT
emaj-33	228	1	indeed	indeed	ADV
emaj-33	228	2	,	,	PUNCT
emaj-33	228	3	disclosure	disclosure	NOUN
emaj-33	228	4	can	can	AUX
emaj-33	228	5	go	go	VERB
emaj-33	228	6	up	up	ADP
emaj-33	228	7	to	to	PART
emaj-33	228	8	present	present	VERB
emaj-33	228	9	the	the	DET
emaj-33	228	10	information	information	NOUN
emaj-33	228	11	of	of	ADP
emaj-33	228	12	medium	medium	ADJ
emaj-33	228	13	importance	importance	NOUN
emaj-33	228	14	to	to	ADP
emaj-33	228	15	investors	investor	NOUN
emaj-33	228	16	.	.	PUNCT
emaj-33	229	1	g2	g2	PROPN
emaj-33	229	2	and	and	CCONJ
emaj-33	229	3	g3	g3	PROPN
emaj-33	229	4	are	be	AUX
emaj-33	229	5	characterized	characterize	VERB
emaj-33	229	6	by	by	ADP
emaj-33	229	7	the	the	DET
emaj-33	229	8	existence	existence	NOUN
emaj-33	229	9	of	of	ADP
emaj-33	229	10	an	an	DET
emaj-33	229	11	audit	audit	NOUN
emaj-33	229	12	committee	committee	NOUN
emaj-33	229	13	but	but	CCONJ
emaj-33	229	14	different	different	ADJ
emaj-33	229	15	levels	level	NOUN
emaj-33	229	16	of	of	ADP
emaj-33	229	17	concentration	concentration	NOUN
emaj-33	229	18	.	.	PUNCT
emaj-33	230	1	for	for	ADP
emaj-33	230	2	the	the	DET
emaj-33	230	3	group	group	NOUN
emaj-33	230	4	3	3	NUM
emaj-33	230	5	with	with	ADP
emaj-33	230	6	a	a	DET
emaj-33	230	7	low	low	ADJ
emaj-33	230	8	concentration	concentration	NOUN
emaj-33	230	9	of	of	ADP
emaj-33	230	10	ownership	ownership	NOUN
emaj-33	230	11	,	,	PUNCT
emaj-33	230	12	to	to	ADP
emaj-33	230	13	the	the	DET
emaj-33	230	14	share	share	NOUN
emaj-33	230	15	held	hold	VERB
emaj-33	230	16	by	by	ADP
emaj-33	230	17	administrators	administrator	NOUN
emaj-33	230	18	has	have	AUX
emaj-33	230	19	not	not	PART
emaj-33	230	20	to	to	PART
emaj-33	230	21	be	be	AUX
emaj-33	230	22	important	important	ADJ
emaj-33	230	23	.	.	PUNCT
emaj-33	231	1	in	in	ADP
emaj-33	231	2	fact	fact	NOUN
emaj-33	231	3	,	,	PUNCT
emaj-33	231	4	where	where	SCONJ
emaj-33	231	5	the	the	DET
emaj-33	231	6	ownership	ownership	NOUN
emaj-33	231	7	is	be	AUX
emaj-33	231	8	concentrated	concentrate	VERB
emaj-33	231	9	,	,	PUNCT
emaj-33	231	10	the	the	DET
emaj-33	231	11	quality	quality	NOUN
emaj-33	231	12	of	of	ADP
emaj-33	231	13	disclosure	disclosure	NOUN
emaj-33	231	14	is	be	AUX
emaj-33	231	15	more	more	ADV
emaj-33	231	16	complicated	complicated	ADJ
emaj-33	231	17	.	.	PUNCT
emaj-33	232	1	conflicts	conflict	NOUN
emaj-33	232	2	of	of	ADP
emaj-33	232	3	interest	interest	NOUN
emaj-33	232	4	are	be	AUX
emaj-33	232	5	no	no	ADV
emaj-33	232	6	longer	long	ADV
emaj-33	232	7	between	between	ADP
emaj-33	232	8	managers	manager	NOUN
emaj-33	232	9	and	and	CCONJ
emaj-33	232	10	shareholders	shareholder	NOUN
emaj-33	232	11	but	but	CCONJ
emaj-33	232	12	between	between	ADP
emaj-33	232	13	the	the	DET
emaj-33	232	14	majority	majority	NOUN
emaj-33	232	15	shareholders	shareholder	NOUN
emaj-33	232	16	and	and	CCONJ
emaj-33	232	17	minority	minority	NOUN
emaj-33	232	18	shareholders	shareholder	NOUN
emaj-33	232	19	(	(	PUNCT
emaj-33	232	20	ho	ho	PROPN
emaj-33	232	21	and	and	CCONJ
emaj-33	232	22	wong	wong	PROPN
emaj-33	232	23	,	,	PUNCT
emaj-33	232	24	2001	2001	NUM
emaj-33	232	25	)	)	PUNCT
emaj-33	232	26	.	.	PUNCT
emaj-33	233	1	in	in	ADP
emaj-33	233	2	such	such	ADJ
emaj-33	233	3	situations	situation	NOUN
emaj-33	233	4	,	,	PUNCT
emaj-33	233	5	leaders	leader	NOUN
emaj-33	233	6	are	be	AUX
emaj-33	233	7	encouraged	encourage	VERB
emaj-33	233	8	to	to	PART
emaj-33	233	9	behave	behave	VERB
emaj-33	233	10	against	against	ADP
emaj-33	233	11	the	the	DET
emaj-33	233	12	interests	interest	NOUN
emaj-33	233	13	of	of	ADP
emaj-33	233	14	the	the	DET
emaj-33	233	15	minority	minority	NOUN
emaj-33	233	16	in	in	ADP
emaj-33	233	17	retaining	retain	VERB
emaj-33	233	18	information	information	NOUN
emaj-33	233	19	on	on	ADP
emaj-33	233	20	the	the	DET
emaj-33	233	21	firm	firm	NOUN
emaj-33	233	22	.	.	PUNCT
emaj-33	234	1	similarly	similarly	ADV
emaj-33	234	2	,	,	PUNCT
emaj-33	234	3	archambault	archambault	PROPN
emaj-33	234	4	and	and	CCONJ
emaj-33	234	5	archambault	archambault	PROPN
emaj-33	234	6	(	(	PUNCT
emaj-33	234	7	2003	2003	NUM
emaj-33	234	8	)	)	PUNCT
emaj-33	234	9	have	have	AUX
emaj-33	234	10	advanced	advance	VERB
emaj-33	234	11	that	that	SCONJ
emaj-33	234	12	investors	investor	NOUN
emaj-33	234	13	are	be	AUX
emaj-33	234	14	regarded	regard	VERB
emaj-33	234	15	as	as	ADP
emaj-33	234	16	the	the	DET
emaj-33	234	17	main	main	ADJ
emaj-33	234	18	beneficiaries	beneficiary	NOUN
emaj-33	234	19	of	of	ADP
emaj-33	234	20	the	the	DET
emaj-33	234	21	strategy	strategy	NOUN
emaj-33	234	22	of	of	ADP
emaj-33	234	23	information	information	NOUN
emaj-33	234	24	disclosure	disclosure	NOUN
emaj-33	234	25	.	.	PUNCT
emaj-33	235	1	however	however	ADV
emaj-33	235	2	,	,	PUNCT
emaj-33	235	3	investors	investor	NOUN
emaj-33	235	4	who	who	PRON
emaj-33	235	5	hold	hold	VERB
emaj-33	235	6	a	a	DET
emaj-33	235	7	high	high	ADJ
emaj-33	235	8	percentage	percentage	NOUN
emaj-33	235	9	of	of	ADP
emaj-33	235	10	the	the	DET
emaj-33	235	11	shares	share	NOUN
emaj-33	235	12	that	that	PRON
emaj-33	235	13	constitute	constitute	VERB
emaj-33	235	14	the	the	DET
emaj-33	235	15	capital	capital	NOUN
emaj-33	235	16	of	of	ADP
emaj-33	235	17	the	the	DET
emaj-33	235	18	company	company	NOUN
emaj-33	235	19	have	have	VERB
emaj-33	235	20	the	the	DET
emaj-33	235	21	advantage	advantage	NOUN
emaj-33	235	22	of	of	ADP
emaj-33	235	23	information	information	NOUN
emaj-33	235	24	directly	directly	ADV
emaj-33	235	25	from	from	ADP
emaj-33	235	26	the	the	DET
emaj-33	235	27	company	company	NOUN
emaj-33	235	28	.	.	PUNCT
emaj-33	236	1	therefore	therefore	ADV
emaj-33	236	2	the	the	DET
emaj-33	236	3	need	need	NOUN
emaj-33	236	4	for	for	ADP
emaj-33	236	5	disclosure	disclosure	NOUN
emaj-33	236	6	may	may	AUX
emaj-33	236	7	decrease	decrease	VERB
emaj-33	236	8	,	,	PUNCT
emaj-33	236	9	where	where	SCONJ
emaj-33	236	10	the	the	DET
emaj-33	236	11	existence	existence	NOUN
emaj-33	236	12	of	of	ADP
emaj-33	236	13	a	a	DET
emaj-33	236	14	committee	committee	NOUN
emaj-33	236	15	at	at	ADP
emaj-33	236	16	the	the	DET
emaj-33	236	17	breast	breast	NOUN
emaj-33	236	18	of	of	ADP
emaj-33	236	19	this	this	DET
emaj-33	236	20	type	type	NOUN
emaj-33	236	21	of	of	ADP
emaj-33	236	22	firms	firm	NOUN
emaj-33	236	23	remains	remain	VERB
emaj-33	236	24	necessary	necessary	ADJ
emaj-33	236	25	to	to	PART
emaj-33	236	26	resolve	resolve	VERB
emaj-33	236	27	such	such	ADJ
emaj-33	236	28	problems	problem	NOUN
emaj-33	236	29	.	.	PUNCT
emaj-33	237	1	the	the	DET
emaj-33	237	2	characteristics	characteristic	NOUN
emaj-33	237	3	of	of	ADP
emaj-33	237	4	group	group	NOUN
emaj-33	237	5	2	2	NUM
emaj-33	237	6	show	show	VERB
emaj-33	237	7	that	that	SCONJ
emaj-33	237	8	in	in	ADP
emaj-33	237	9	companies	company	NOUN
emaj-33	237	10	with	with	ADP
emaj-33	237	11	a	a	DET
emaj-33	237	12	strong	strong	ADJ
emaj-33	237	13	concentration	concentration	NOUN
emaj-33	237	14	of	of	ADP
emaj-33	237	15	ownership	ownership	NOUN
emaj-33	237	16	,	,	PUNCT
emaj-33	237	17	an	an	DET
emaj-33	237	18	audit	audit	NOUN
emaj-33	237	19	committee	committee	NOUN
emaj-33	237	20	allows	allow	VERB
emaj-33	237	21	to	to	PART
emaj-33	237	22	achieve	achieve	VERB
emaj-33	237	23	a	a	DET
emaj-33	237	24	good	good	ADJ
emaj-33	237	25	quality	quality	NOUN
emaj-33	237	26	of	of	ADP
emaj-33	237	27	information	information	NOUN
emaj-33	237	28	disclosure	disclosure	NOUN
emaj-33	237	29	.	.	PUNCT
emaj-33	238	1	however	however	ADV
emaj-33	238	2	,	,	PUNCT
emaj-33	238	3	since	since	SCONJ
emaj-33	238	4	major	major	ADJ
emaj-33	238	5	carriers	carrier	NOUN
emaj-33	238	6	get	get	VERB
emaj-33	238	7	the	the	DET
emaj-33	238	8	volume	volume	NOUN
emaj-33	238	9	3	3	NUM
emaj-33	238	10	no	no	DET
emaj-33	238	11	2	2	NUM
emaj-33	238	12	(	(	PUNCT
emaj-33	238	13	2013	2013	NUM
emaj-33	238	14	)	)	PUNCT
emaj-33	238	15	|	|	ADV
emaj-33	238	16	issn	issn	VERB
emaj-33	238	17	2158	2158	NUM
emaj-33	238	18	-	-	SYM
emaj-33	238	19	8708	8708	NUM
emaj-33	238	20	(	(	PUNCT
emaj-33	238	21	online	online	NOUN
emaj-33	238	22	)	)	PUNCT
emaj-33	239	1	|	|	ADV
emaj-33	239	2	10.5195	10.5195	NUM
emaj-33	239	3	/	/	SYM
emaj-33	239	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	239	5	|	|	NOUN
emaj-33	239	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	239	7	corporate	corporate	ADJ
emaj-33	239	8	governance	governance	NOUN
emaj-33	239	9	and	and	CCONJ
emaj-33	239	10	disclosure	disclosure	NOUN
emaj-33	239	11	quality	quality	NOUN
emaj-33	239	12	:	:	PUNCT
emaj-33	239	13	taxonomy	taxonomy	NOUN
emaj-33	239	14	of	of	ADP
emaj-33	239	15	tunisian	tunisian	ADJ
emaj-33	239	16	listed	list	VERB
emaj-33	239	17	firms	firm	NOUN
emaj-33	239	18	using	use	VERB
emaj-33	239	19	the	the	DET
emaj-33	239	20	decision	decision	NOUN
emaj-33	239	21	tree	tree	NOUN
emaj-33	239	22	method	method	NOUN
emaj-33	239	23	based	base	VERB
emaj-33	239	24	approach	approach	NOUN
emaj-33	239	25	emerging	emerge	VERB
emaj-33	239	26	markets	market	NOUN
emaj-33	239	27	journal	journal	NOUN
emaj-33	239	28	|	|	ADV
emaj-33	239	29	p	p	NOUN
emaj-33	239	30	a	a	PRON
emaj-33	239	31	g	g	NOUN
emaj-33	239	32	e	e	NOUN
emaj-33	240	1	|	|	ADV
emaj-33	240	2	61	61	NUM
emaj-33	240	3	information	information	NOUN
emaj-33	240	4	directly	directly	ADV
emaj-33	240	5	from	from	ADP
emaj-33	240	6	the	the	DET
emaj-33	240	7	company	company	NOUN
emaj-33	240	8	,	,	PUNCT
emaj-33	240	9	the	the	DET
emaj-33	240	10	type	type	NOUN
emaj-33	240	11	of	of	ADP
emaj-33	240	12	information	information	NOUN
emaj-33	240	13	disclosed	disclose	VERB
emaj-33	240	14	is	be	AUX
emaj-33	240	15	not	not	PART
emaj-33	240	16	of	of	ADP
emaj-33	240	17	considerable	considerable	ADJ
emaj-33	240	18	importance	importance	NOUN
emaj-33	240	19	.	.	PUNCT
emaj-33	241	1	group	group	NOUN
emaj-33	241	2	3	3	NUM
emaj-33	241	3	is	be	AUX
emaj-33	241	4	distinguished	distinguish	VERB
emaj-33	241	5	from	from	ADP
emaj-33	241	6	other	other	ADJ
emaj-33	241	7	groups	group	NOUN
emaj-33	241	8	by	by	ADP
emaj-33	241	9	an	an	DET
emaj-33	241	10	additional	additional	ADJ
emaj-33	241	11	characteristic	characteristic	NOUN
emaj-33	241	12	which	which	PRON
emaj-33	241	13	is	be	AUX
emaj-33	241	14	a	a	DET
emaj-33	241	15	small	small	ADJ
emaj-33	241	16	proportion	proportion	NOUN
emaj-33	241	17	owned	own	VERB
emaj-33	241	18	by	by	ADP
emaj-33	241	19	administrators	administrator	NOUN
emaj-33	241	20	.	.	PUNCT
emaj-33	242	1	in	in	ADP
emaj-33	242	2	fact	fact	NOUN
emaj-33	242	3	,	,	PUNCT
emaj-33	242	4	due	due	ADP
emaj-33	242	5	to	to	ADP
emaj-33	242	6	the	the	DET
emaj-33	242	7	concentration	concentration	NOUN
emaj-33	242	8	of	of	ADP
emaj-33	242	9	property	property	NOUN
emaj-33	242	10	conflicts	conflict	NOUN
emaj-33	242	11	can	can	AUX
emaj-33	242	12	be	be	AUX
emaj-33	242	13	resolved	resolve	VERB
emaj-33	242	14	by	by	ADP
emaj-33	242	15	the	the	DET
emaj-33	242	16	existence	existence	NOUN
emaj-33	242	17	of	of	ADP
emaj-33	242	18	an	an	DET
emaj-33	242	19	audit	audit	NOUN
emaj-33	242	20	committee	committee	NOUN
emaj-33	242	21	,	,	PUNCT
emaj-33	242	22	but	but	CCONJ
emaj-33	242	23	if	if	SCONJ
emaj-33	242	24	administrators	administrator	NOUN
emaj-33	242	25	property	property	NOUN
emaj-33	242	26	is	be	AUX
emaj-33	242	27	high	high	ADJ
emaj-33	242	28	,	,	PUNCT
emaj-33	242	29	the	the	DET
emaj-33	242	30	latter	latter	ADJ
emaj-33	242	31	being	be	AUX
emaj-33	242	32	closest	close	ADJ
emaj-33	242	33	to	to	ADP
emaj-33	242	34	the	the	DET
emaj-33	242	35	company	company	NOUN
emaj-33	242	36	,	,	PUNCT
emaj-33	242	37	can	can	AUX
emaj-33	242	38	reduce	reduce	VERB
emaj-33	242	39	the	the	DET
emaj-33	242	40	information	information	NOUN
emaj-33	242	41	disclosed	disclose	VERB
emaj-33	242	42	to	to	ADP
emaj-33	242	43	investors	investor	NOUN
emaj-33	242	44	,	,	PUNCT
emaj-33	242	45	so	so	ADV
emaj-33	242	46	for	for	SCONJ
emaj-33	242	47	this	this	DET
emaj-33	242	48	group	group	NOUN
emaj-33	242	49	administrators	administrator	NOUN
emaj-33	242	50	ownership	ownership	NOUN
emaj-33	242	51	is	be	AUX
emaj-33	242	52	low	low	ADJ
emaj-33	242	53	.	.	PUNCT
emaj-33	243	1	groups	group	NOUN
emaj-33	243	2	4	4	NUM
emaj-33	243	3	,	,	PUNCT
emaj-33	243	4	5	5	NUM
emaj-33	243	5	and	and	CCONJ
emaj-33	243	6	6	6	NUM
emaj-33	243	7	is	be	AUX
emaj-33	243	8	composed	compose	VERB
emaj-33	243	9	by	by	ADP
emaj-33	243	10	firms	firm	NOUN
emaj-33	243	11	belonging	belong	VERB
emaj-33	243	12	to	to	ADP
emaj-33	243	13	the	the	DET
emaj-33	243	14	non	non	ADJ
emaj-33	243	15	-	-	ADJ
emaj-33	243	16	financial	financial	ADJ
emaj-33	243	17	sector	sector	NOUN
emaj-33	243	18	.	.	PUNCT
emaj-33	244	1	g6	g6	ADJ
emaj-33	244	2	is	be	AUX
emaj-33	244	3	characterized	characterize	VERB
emaj-33	244	4	by	by	ADP
emaj-33	244	5	a	a	DET
emaj-33	244	6	high	high	ADJ
emaj-33	244	7	institutional	institutional	ADJ
emaj-33	244	8	property	property	NOUN
emaj-33	244	9	.	.	PUNCT
emaj-33	245	1	this	this	DET
emaj-33	245	2	result	result	NOUN
emaj-33	245	3	can	can	AUX
emaj-33	245	4	be	be	AUX
emaj-33	245	5	explained	explain	VERB
emaj-33	245	6	by	by	ADP
emaj-33	245	7	the	the	DET
emaj-33	245	8	fact	fact	NOUN
emaj-33	245	9	that	that	SCONJ
emaj-33	245	10	the	the	DET
emaj-33	245	11	institutional	institutional	NOUN
emaj-33	245	12	have	have	AUX
emaj-33	245	13	become	become	VERB
emaj-33	245	14	key	key	ADJ
emaj-33	245	15	players	player	NOUN
emaj-33	245	16	in	in	ADP
emaj-33	245	17	governance	governance	NOUN
emaj-33	245	18	structures	structure	NOUN
emaj-33	245	19	,	,	PUNCT
emaj-33	245	20	they	they	PRON
emaj-33	245	21	may	may	AUX
emaj-33	245	22	therefore	therefore	ADV
emaj-33	245	23	compel	compel	VERB
emaj-33	245	24	the	the	DET
emaj-33	245	25	leaders	leader	NOUN
emaj-33	245	26	to	to	PART
emaj-33	245	27	perform	perform	VERB
emaj-33	245	28	frequent	frequent	ADJ
emaj-33	245	29	disclosures	disclosure	NOUN
emaj-33	245	30	.	.	PUNCT
emaj-33	246	1	(	(	PUNCT
emaj-33	246	2	elgazzar	elgazzar	PROPN
emaj-33	246	3	,	,	PUNCT
emaj-33	246	4	1998	1998	NUM
emaj-33	246	5	and	and	CCONJ
emaj-33	246	6	bushe	bushe	PROPN
emaj-33	246	7	and	and	CCONJ
emaj-33	246	8	noah	noah	PROPN
emaj-33	246	9	,	,	PUNCT
emaj-33	246	10	2001	2001	NUM
emaj-33	246	11	)	)	PUNCT
emaj-33	246	12	.	.	PUNCT
emaj-33	247	1	also	also	ADV
emaj-33	247	2	,	,	PUNCT
emaj-33	247	3	institutional	institutional	ADJ
emaj-33	247	4	investors	investor	NOUN
emaj-33	247	5	are	be	AUX
emaj-33	247	6	considered	consider	VERB
emaj-33	247	7	as	as	ADP
emaj-33	247	8	the	the	DET
emaj-33	247	9	most	most	ADV
emaj-33	247	10	demanding	demanding	NOUN
emaj-33	247	11	of	of	ADP
emaj-33	247	12	a	a	DET
emaj-33	247	13	regular	regular	ADJ
emaj-33	247	14	and	and	CCONJ
emaj-33	247	15	timely	timely	ADV
emaj-33	247	16	published	publish	VERB
emaj-33	247	17	financial	financial	ADJ
emaj-33	247	18	information	information	NOUN
emaj-33	247	19	.	.	PUNCT
emaj-33	248	1	however	however	ADV
emaj-33	248	2	,	,	PUNCT
emaj-33	248	3	where	where	SCONJ
emaj-33	248	4	this	this	DET
emaj-33	248	5	share	share	NOUN
emaj-33	248	6	is	be	AUX
emaj-33	248	7	low	low	ADJ
emaj-33	248	8	(	(	PUNCT
emaj-33	248	9	g4	g4	NOUN
emaj-33	248	10	and	and	CCONJ
emaj-33	248	11	g5	g5	NOUN
emaj-33	248	12	)	)	PUNCT
emaj-33	248	13	,	,	PUNCT
emaj-33	248	14	other	other	ADJ
emaj-33	248	15	characteristics	characteristic	NOUN
emaj-33	248	16	of	of	ADP
emaj-33	248	17	governance	governance	NOUN
emaj-33	248	18	are	be	AUX
emaj-33	248	19	involved	involve	VERB
emaj-33	248	20	.	.	PUNCT
emaj-33	249	1	g4	g4	NOUN
emaj-33	249	2	is	be	AUX
emaj-33	249	3	characterized	characterize	VERB
emaj-33	249	4	by	by	ADP
emaj-33	249	5	a	a	DET
emaj-33	249	6	large	large	ADJ
emaj-33	249	7	size	size	NOUN
emaj-33	249	8	of	of	ADP
emaj-33	249	9	the	the	DET
emaj-33	249	10	board	board	NOUN
emaj-33	249	11	of	of	ADP
emaj-33	249	12	directors	director	NOUN
emaj-33	249	13	.	.	PUNCT
emaj-33	250	1	this	this	PRON
emaj-33	250	2	is	be	AUX
emaj-33	250	3	explained	explain	VERB
emaj-33	250	4	by	by	ADP
emaj-33	250	5	the	the	DET
emaj-33	250	6	fact	fact	NOUN
emaj-33	250	7	that	that	SCONJ
emaj-33	250	8	the	the	DET
emaj-33	250	9	presence	presence	NOUN
emaj-33	250	10	of	of	ADP
emaj-33	250	11	administrators	administrator	NOUN
emaj-33	250	12	in	in	ADP
emaj-33	250	13	the	the	DET
emaj-33	250	14	council	council	NOUN
emaj-33	250	15	is	be	AUX
emaj-33	250	16	likely	likely	ADJ
emaj-33	250	17	to	to	PART
emaj-33	250	18	control	control	VERB
emaj-33	250	19	the	the	DET
emaj-33	250	20	actions	action	NOUN
emaj-33	250	21	of	of	ADP
emaj-33	250	22	the	the	DET
emaj-33	250	23	leaders	leader	NOUN
emaj-33	250	24	in	in	ADP
emaj-33	250	25	the	the	DET
emaj-33	250	26	institutional	institutional	ADJ
emaj-33	250	27	property	property	NOUN
emaj-33	250	28	is	be	AUX
emaj-33	250	29	low	low	ADJ
emaj-33	250	30	,	,	PUNCT
emaj-33	250	31	and	and	CCONJ
emaj-33	250	32	encourage	encourage	VERB
emaj-33	250	33	him	he	PRON
emaj-33	250	34	to	to	PART
emaj-33	250	35	disclose	disclose	VERB
emaj-33	250	36	more	more	ADJ
emaj-33	250	37	.	.	PUNCT
emaj-33	251	1	in	in	ADP
emaj-33	251	2	fact	fact	NOUN
emaj-33	251	3	,	,	PUNCT
emaj-33	251	4	some	some	DET
emaj-33	251	5	authors	author	NOUN
emaj-33	251	6	assume	assume	VERB
emaj-33	251	7	that	that	SCONJ
emaj-33	251	8	the	the	DET
emaj-33	251	9	size	size	NOUN
emaj-33	251	10	is	be	AUX
emaj-33	251	11	small	small	ADJ
emaj-33	251	12	increase	increase	NOUN
emaj-33	251	13	more	more	ADJ
emaj-33	251	14	chances	chance	NOUN
emaj-33	251	15	of	of	ADP
emaj-33	251	16	manipulation	manipulation	NOUN
emaj-33	251	17	on	on	ADP
emaj-33	251	18	the	the	DET
emaj-33	251	19	part	part	NOUN
emaj-33	251	20	of	of	ADP
emaj-33	251	21	the	the	DET
emaj-33	251	22	leaders	leader	NOUN
emaj-33	251	23	,	,	PUNCT
emaj-33	251	24	however	however	ADV
emaj-33	251	25	a	a	DET
emaj-33	251	26	large	large	ADJ
emaj-33	251	27	council	council	NOUN
emaj-33	251	28	may	may	AUX
emaj-33	251	29	have	have	VERB
emaj-33	251	30	more	more	ADJ
emaj-33	251	31	expertise	expertise	NOUN
emaj-33	251	32	and	and	CCONJ
emaj-33	251	33	managerial	managerial	ADJ
emaj-33	251	34	opportunism	opportunism	NOUN
emaj-33	251	35	.	.	PUNCT
emaj-33	252	1	however	however	ADV
emaj-33	252	2	,	,	PUNCT
emaj-33	252	3	a	a	DET
emaj-33	252	4	council	council	NOUN
emaj-33	252	5	of	of	ADP
emaj-33	252	6	small	small	ADJ
emaj-33	252	7	size	size	NOUN
emaj-33	252	8	can	can	AUX
emaj-33	252	9	be	be	AUX
emaj-33	252	10	effective	effective	ADJ
emaj-33	252	11	in	in	ADP
emaj-33	252	12	cases	case	NOUN
emaj-33	252	13	where	where	SCONJ
emaj-33	252	14	a	a	DET
emaj-33	252	15	part	part	NOUN
emaj-33	252	16	of	of	ADP
emaj-33	252	17	the	the	DET
emaj-33	252	18	property	property	NOUN
emaj-33	252	19	of	of	ADP
emaj-33	252	20	the	the	DET
emaj-33	252	21	company	company	NOUN
emaj-33	252	22	is	be	AUX
emaj-33	252	23	owned	own	VERB
emaj-33	252	24	by	by	ADP
emaj-33	252	25	families	family	NOUN
emaj-33	252	26	.	.	PUNCT
emaj-33	253	1	these	these	PRON
emaj-33	253	2	are	be	AUX
emaj-33	253	3	generally	generally	ADV
emaj-33	253	4	reluctant	reluctant	ADJ
emaj-33	253	5	in	in	ADP
emaj-33	253	6	their	their	PRON
emaj-33	253	7	communication	communication	NOUN
emaj-33	253	8	of	of	ADP
emaj-33	253	9	information	information	NOUN
emaj-33	253	10	and	and	CCONJ
emaj-33	253	11	consider	consider	VERB
emaj-33	253	12	the	the	DET
emaj-33	253	13	company	company	NOUN
emaj-33	253	14	as	as	ADP
emaj-33	253	15	a	a	DET
emaj-33	253	16	family	family	NOUN
emaj-33	253	17	business	business	NOUN
emaj-33	253	18	,	,	PUNCT
emaj-33	253	19	where	where	SCONJ
emaj-33	253	20	outsiders	outsider	NOUN
emaj-33	253	21	have	have	VERB
emaj-33	253	22	no	no	DET
emaj-33	253	23	right	right	NOUN
emaj-33	253	24	to	to	PART
emaj-33	253	25	access	access	VERB
emaj-33	253	26	to	to	ADP
emaj-33	253	27	information	information	NOUN
emaj-33	253	28	.	.	PUNCT
emaj-33	254	1	in	in	ADP
emaj-33	254	2	this	this	DET
emaj-33	254	3	case	case	NOUN
emaj-33	254	4	,	,	PUNCT
emaj-33	254	5	over	over	ADP
emaj-33	254	6	the	the	DET
emaj-33	254	7	board	board	NOUN
emaj-33	254	8	of	of	ADP
emaj-33	254	9	directors	director	NOUN
emaj-33	254	10	is	be	AUX
emaj-33	254	11	of	of	ADP
emaj-33	254	12	reduced	reduced	ADJ
emaj-33	254	13	size	size	NOUN
emaj-33	254	14	more	more	ADV
emaj-33	254	15	effective	effective	ADJ
emaj-33	254	16	will	will	AUX
emaj-33	254	17	be	be	AUX
emaj-33	254	18	the	the	DET
emaj-33	254	19	control	control	NOUN
emaj-33	254	20	of	of	ADP
emaj-33	254	21	managerial	managerial	ADJ
emaj-33	254	22	expediency	expediency	NOUN
emaj-33	254	23	and	and	CCONJ
emaj-33	254	24	thus	thus	ADV
emaj-33	254	25	companies	company	NOUN
emaj-33	254	26	will	will	AUX
emaj-33	254	27	be	be	AUX
emaj-33	254	28	more	more	ADV
emaj-33	254	29	encouraged	encouraged	ADJ
emaj-33	254	30	to	to	PART
emaj-33	254	31	announce	announce	VERB
emaj-33	254	32	more	more	ADJ
emaj-33	254	33	information	information	NOUN
emaj-33	254	34	(	(	PUNCT
emaj-33	254	35	chen	chen	PROPN
emaj-33	254	36	and	and	CCONJ
emaj-33	254	37	jaggi	jaggi	PROPN
emaj-33	254	38	,	,	PUNCT
emaj-33	254	39	2000	2000	NUM
emaj-33	254	40	and	and	CCONJ
emaj-33	254	41	mak	mak	PROPN
emaj-33	254	42	and	and	CCONJ
emaj-33	254	43	li	li	PROPN
emaj-33	254	44	,	,	PUNCT
emaj-33	254	45	2001	2001	NUM
emaj-33	254	46	)	)	PUNCT
emaj-33	254	47	(	(	PUNCT
emaj-33	254	48	see	see	VERB
emaj-33	254	49	figure	figure	NOUN
emaj-33	254	50	7	7	NUM
emaj-33	254	51	)	)	PUNCT
emaj-33	254	52	figure	figure	NOUN
emaj-33	254	53	vii	vii	PROPN
emaj-33	254	54	–	–	PUNCT
emaj-33	254	55	firms	firm	NOUN
emaj-33	254	56	taxonomy	taxonomy	NOUN
emaj-33	254	57	according	accord	VERB
emaj-33	254	58	to	to	ADP
emaj-33	254	59	governance	governance	NOUN
emaj-33	254	60	and	and	CCONJ
emaj-33	254	61	good	good	ADJ
emaj-33	254	62	disclosure	disclosure	NOUN
emaj-33	254	63	quality	quality	NOUN
emaj-33	254	64	of	of	ADP
emaj-33	254	65	general	general	ADJ
emaj-33	254	66	information	information	NOUN
emaj-33	254	67	on	on	ADP
emaj-33	254	68	the	the	DET
emaj-33	254	69	company	company	NOUN
emaj-33	254	70	s	s	PART
emaj-33	254	71	c	c	NOUN
emaj-33	254	72	2	2	NUM
emaj-33	254	73	information	information	NOUN
emaj-33	254	74	on	on	ADP
emaj-33	254	75	the	the	DET
emaj-33	254	76	direction	direction	NOUN
emaj-33	254	77	and	and	CCONJ
emaj-33	254	78	shareholders	shareholder	NOUN
emaj-33	254	79	.	.	PUNCT
emaj-33	255	1	groups	group	NOUN
emaj-33	255	2	1	1	NUM
emaj-33	255	3	,	,	PUNCT
emaj-33	255	4	2	2	NUM
emaj-33	255	5	and	and	CCONJ
emaj-33	255	6	3	3	NUM
emaj-33	255	7	includes	include	VERB
emaj-33	255	8	financial	financial	ADJ
emaj-33	255	9	firms	firm	NOUN
emaj-33	255	10	.	.	PUNCT
emaj-33	256	1	g1	g1	PROPN
emaj-33	256	2	is	be	AUX
emaj-33	256	3	the	the	DET
emaj-33	256	4	group	group	NOUN
emaj-33	256	5	composed	compose	VERB
emaj-33	256	6	by	by	ADP
emaj-33	256	7	firms	firm	NOUN
emaj-33	256	8	that	that	PRON
emaj-33	256	9	does	do	AUX
emaj-33	256	10	not	not	PART
emaj-33	256	11	have	have	VERB
emaj-33	256	12	internal	internal	ADJ
emaj-33	256	13	audit	audit	NOUN
emaj-33	256	14	committee	committee	NOUN
emaj-33	256	15	,	,	PUNCT
emaj-33	256	16	and	and	CCONJ
emaj-33	256	17	so	so	ADV
emaj-33	256	18	to	to	PART
emaj-33	256	19	limit	limit	VERB
emaj-33	256	20	the	the	DET
emaj-33	256	21	opportunistic	opportunistic	ADJ
emaj-33	256	22	behavior	behavior	NOUN
emaj-33	256	23	of	of	ADP
emaj-33	256	24	their	their	PRON
emaj-33	256	25	managers	manager	NOUN
emaj-33	256	26	,	,	PUNCT
emaj-33	256	27	companies	company	NOUN
emaj-33	256	28	in	in	ADP
emaj-33	256	29	this	this	DET
emaj-33	256	30	group	group	NOUN
emaj-33	256	31	tend	tend	VERB
emaj-33	256	32	to	to	PART
emaj-33	256	33	have	have	VERB
emaj-33	256	34	a	a	DET
emaj-33	256	35	big	big	ADJ
emaj-33	256	36	4	4	NUM
emaj-33	256	37	external	external	ADJ
emaj-33	256	38	audit	audit	NOUN
emaj-33	256	39	dr	dr	PROPN
emaj-33	256	40	.	.	PROPN
emaj-33	256	41	wided	wide	VERB
emaj-33	256	42	khiari	khiari	PROPN
emaj-33	256	43	p	p	PROPN
emaj-33	256	44	a	a	DET
emaj-33	256	45	g	g	NOUN
emaj-33	256	46	e	e	NOUN
emaj-33	256	47	|	|	ADV
emaj-33	256	48	62|	62|	NUM
emaj-33	256	49	emerging	emerge	VERB
emaj-33	256	50	markets	market	NOUN
emaj-33	256	51	journal	journal	NOUN
emaj-33	256	52	volume	volume	NOUN
emaj-33	256	53	3	3	NUM
emaj-33	256	54	no	no	DET
emaj-33	256	55	2	2	NUM
emaj-33	256	56	(	(	PUNCT
emaj-33	256	57	2013	2013	NUM
emaj-33	256	58	)	)	PUNCT
emaj-33	256	59	|	|	ADV
emaj-33	256	60	issn	issn	VERB
emaj-33	256	61	2158	2158	NUM
emaj-33	256	62	-	-	SYM
emaj-33	256	63	8708	8708	NUM
emaj-33	256	64	(	(	PUNCT
emaj-33	256	65	online	online	NOUN
emaj-33	256	66	)	)	PUNCT
emaj-33	257	1	|	|	ADV
emaj-33	257	2	10.5195	10.5195	NUM
emaj-33	257	3	/	/	SYM
emaj-33	257	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	257	5	|	|	NOUN
emaj-33	257	6	http://emaj.pitt.edu	http://emaj.pitt.edu	NOUN
emaj-33	257	7	committee	committee	NOUN
emaj-33	257	8	.	.	PUNCT
emaj-33	258	1	they	they	PRON
emaj-33	258	2	are	be	AUX
emaj-33	258	3	more	more	ADV
emaj-33	258	4	likely	likely	ADJ
emaj-33	258	5	to	to	PART
emaj-33	258	6	encourage	encourage	VERB
emaj-33	258	7	leaders	leader	NOUN
emaj-33	258	8	to	to	PART
emaj-33	258	9	disclose	disclose	VERB
emaj-33	258	10	as	as	ADV
emaj-33	258	11	much	much	ADJ
emaj-33	258	12	information	information	NOUN
emaj-33	258	13	to	to	PART
emaj-33	258	14	protect	protect	VERB
emaj-33	258	15	their	their	PRON
emaj-33	258	16	reputation	reputation	NOUN
emaj-33	258	17	.	.	PUNCT
emaj-33	259	1	g2	g2	PROPN
emaj-33	259	2	and	and	CCONJ
emaj-33	259	3	g3	g3	PROPN
emaj-33	259	4	are	be	AUX
emaj-33	259	5	characterized	characterize	VERB
emaj-33	259	6	by	by	ADP
emaj-33	259	7	the	the	DET
emaj-33	259	8	existence	existence	NOUN
emaj-33	259	9	of	of	ADP
emaj-33	259	10	an	an	DET
emaj-33	259	11	audit	audit	NOUN
emaj-33	259	12	committee	committee	NOUN
emaj-33	259	13	.	.	PUNCT
emaj-33	260	1	however	however	ADV
emaj-33	260	2	,	,	PUNCT
emaj-33	260	3	g2	g2	PROPN
emaj-33	260	4	has	have	VERB
emaj-33	260	5	a	a	DET
emaj-33	260	6	low	low	ADJ
emaj-33	260	7	concentration	concentration	NOUN
emaj-33	260	8	and	and	CCONJ
emaj-33	260	9	incorporates	incorporate	VERB
emaj-33	260	10	another	another	DET
emaj-33	260	11	governance	governance	NOUN
emaj-33	260	12	characteristic	characteristic	NOUN
emaj-33	260	13	that	that	PRON
emaj-33	260	14	is	be	AUX
emaj-33	260	15	a	a	DET
emaj-33	260	16	significant	significant	ADJ
emaj-33	260	17	presence	presence	NOUN
emaj-33	260	18	of	of	ADP
emaj-33	260	19	families	family	NOUN
emaj-33	260	20	.	.	PUNCT
emaj-33	261	1	such	such	ADJ
emaj-33	261	2	situation	situation	NOUN
emaj-33	261	3	is	be	AUX
emaj-33	261	4	characterized	characterize	VERB
emaj-33	261	5	by	by	ADP
emaj-33	261	6	a	a	DET
emaj-33	261	7	significant	significant	ADJ
emaj-33	261	8	presence	presence	NOUN
emaj-33	261	9	of	of	ADP
emaj-33	261	10	families	family	NOUN
emaj-33	261	11	led	lead	VERB
emaj-33	261	12	to	to	ADP
emaj-33	261	13	a	a	DET
emaj-33	261	14	reluctance	reluctance	NOUN
emaj-33	261	15	to	to	PART
emaj-33	261	16	disclose	disclose	VERB
emaj-33	261	17	information	information	NOUN
emaj-33	261	18	outsiders	outsider	NOUN
emaj-33	261	19	.	.	PUNCT
emaj-33	262	1	thus	thus	ADV
emaj-33	262	2	,	,	PUNCT
emaj-33	262	3	the	the	DET
emaj-33	262	4	existence	existence	NOUN
emaj-33	262	5	of	of	ADP
emaj-33	262	6	a	a	DET
emaj-33	262	7	committee	committee	NOUN
emaj-33	262	8	within	within	ADP
emaj-33	262	9	the	the	DET
emaj-33	262	10	company	company	NOUN
emaj-33	262	11	and	and	CCONJ
emaj-33	262	12	a	a	DET
emaj-33	262	13	low	low	ADJ
emaj-33	262	14	concentration	concentration	NOUN
emaj-33	262	15	of	of	ADP
emaj-33	262	16	ownership	ownership	NOUN
emaj-33	262	17	may	may	AUX
emaj-33	262	18	be	be	AUX
emaj-33	262	19	a	a	DET
emaj-33	262	20	good	good	ADJ
emaj-33	262	21	way	way	NOUN
emaj-33	262	22	of	of	ADP
emaj-33	262	23	reducing	reduce	VERB
emaj-33	262	24	information	information	NOUN
emaj-33	262	25	asymmetry	asymmetry	NOUN
emaj-33	262	26	between	between	ADP
emaj-33	262	27	insiders	insider	NOUN
emaj-33	262	28	and	and	CCONJ
emaj-33	262	29	outsiders	outsider	NOUN
emaj-33	262	30	,	,	PUNCT
emaj-33	262	31	especially	especially	ADV
emaj-33	262	32	because	because	SCONJ
emaj-33	262	33	the	the	DET
emaj-33	262	34	information	information	NOUN
emaj-33	262	35	disclosed	disclose	VERB
emaj-33	262	36	has	have	VERB
emaj-33	262	37	not	not	PART
emaj-33	262	38	a	a	DET
emaj-33	262	39	considerable	considerable	ADJ
emaj-33	262	40	importance	importance	NOUN
emaj-33	262	41	for	for	ADP
emaj-33	262	42	investors	investor	NOUN
emaj-33	262	43	.	.	PUNCT
emaj-33	263	1	g3	g3	PROPN
emaj-33	263	2	is	be	AUX
emaj-33	263	3	characterized	characterize	VERB
emaj-33	263	4	by	by	ADP
emaj-33	263	5	a	a	DET
emaj-33	263	6	high	high	ADJ
emaj-33	263	7	concentration	concentration	NOUN
emaj-33	263	8	of	of	ADP
emaj-33	263	9	ownership	ownership	NOUN
emaj-33	263	10	and	and	CCONJ
emaj-33	263	11	combine	combine	VERB
emaj-33	263	12	the	the	DET
emaj-33	263	13	functions	function	NOUN
emaj-33	263	14	of	of	ADP
emaj-33	263	15	management	management	NOUN
emaj-33	263	16	and	and	CCONJ
emaj-33	263	17	control	control	NOUN
emaj-33	263	18	.	.	PUNCT
emaj-33	264	1	because	because	SCONJ
emaj-33	264	2	the	the	DET
emaj-33	264	3	information	information	NOUN
emaj-33	264	4	is	be	AUX
emaj-33	264	5	not	not	PART
emaj-33	264	6	of	of	ADP
emaj-33	264	7	high	high	ADJ
emaj-33	264	8	importance	importance	NOUN
emaj-33	264	9	in	in	ADP
emaj-33	264	10	a	a	DET
emaj-33	264	11	situation	situation	NOUN
emaj-33	264	12	where	where	SCONJ
emaj-33	264	13	both	both	DET
emaj-33	264	14	roles	role	NOUN
emaj-33	264	15	of	of	ADP
emaj-33	264	16	ceo	ceo	NOUN
emaj-33	264	17	and	and	CCONJ
emaj-33	264	18	chairman	chairman	NOUN
emaj-33	264	19	of	of	ADP
emaj-33	264	20	directors	director	NOUN
emaj-33	264	21	board	board	NOUN
emaj-33	264	22	may	may	AUX
emaj-33	264	23	harm	harm	VERB
emaj-33	264	24	the	the	DET
emaj-33	264	25	independence	independence	NOUN
emaj-33	264	26	of	of	ADP
emaj-33	264	27	the	the	DET
emaj-33	264	28	board	board	NOUN
emaj-33	264	29	and	and	CCONJ
emaj-33	264	30	increase	increase	VERB
emaj-33	264	31	conflicts	conflict	NOUN
emaj-33	264	32	of	of	ADP
emaj-33	264	33	agency	agency	NOUN
emaj-33	264	34	within	within	ADP
emaj-33	264	35	the	the	DET
emaj-33	264	36	business	business	NOUN
emaj-33	264	37	and	and	CCONJ
emaj-33	264	38	therefore	therefore	ADV
emaj-33	264	39	the	the	DET
emaj-33	264	40	quality	quality	NOUN
emaj-33	264	41	of	of	ADP
emaj-33	264	42	the	the	DET
emaj-33	264	43	information	information	NOUN
emaj-33	264	44	disclosed	disclose	VERB
emaj-33	264	45	is	be	AUX
emaj-33	264	46	no	no	ADV
emaj-33	264	47	longer	long	ADV
emaj-33	264	48	credible	credible	ADJ
emaj-33	264	49	(	(	PUNCT
emaj-33	264	50	gul	gul	PROPN
emaj-33	264	51	and	and	CCONJ
emaj-33	264	52	leung	leung	PROPN
emaj-33	264	53	,	,	PUNCT
emaj-33	264	54	2004	2004	NUM
emaj-33	264	55	)	)	PUNCT
emaj-33	264	56	and	and	CCONJ
emaj-33	264	57	where	where	SCONJ
emaj-33	264	58	the	the	DET
emaj-33	264	59	high	high	ADJ
emaj-33	264	60	concentration	concentration	NOUN
emaj-33	264	61	of	of	ADP
emaj-33	264	62	ownership	ownership	NOUN
emaj-33	264	63	is	be	AUX
emaj-33	264	64	likely	likely	ADJ
emaj-33	264	65	to	to	PART
emaj-33	264	66	create	create	VERB
emaj-33	264	67	conflicts	conflict	NOUN
emaj-33	264	68	between	between	ADP
emaj-33	264	69	majority	majority	NOUN
emaj-33	264	70	and	and	CCONJ
emaj-33	264	71	minority	minority	NOUN
emaj-33	264	72	shareholders	shareholder	NOUN
emaj-33	264	73	,	,	PUNCT
emaj-33	264	74	the	the	DET
emaj-33	264	75	existence	existence	NOUN
emaj-33	264	76	of	of	ADP
emaj-33	264	77	an	an	DET
emaj-33	264	78	audit	audit	NOUN
emaj-33	264	79	committee	committee	NOUN
emaj-33	264	80	can	can	AUX
emaj-33	264	81	be	be	AUX
emaj-33	264	82	a	a	DET
emaj-33	264	83	good	good	ADJ
emaj-33	264	84	incentive	incentive	NOUN
emaj-33	264	85	to	to	PART
emaj-33	264	86	disclose	disclose	VERB
emaj-33	264	87	information	information	NOUN
emaj-33	264	88	about	about	ADP
emaj-33	264	89	the	the	DET
emaj-33	264	90	management	management	NOUN
emaj-33	264	91	and	and	CCONJ
emaj-33	264	92	shareholders	shareholder	NOUN
emaj-33	264	93	.	.	PUNCT
emaj-33	265	1	groups	group	NOUN
emaj-33	265	2	4	4	NUM
emaj-33	265	3	and	and	CCONJ
emaj-33	265	4	5	5	NUM
emaj-33	265	5	include	include	VERB
emaj-33	265	6	nonfinancial	nonfinancial	ADJ
emaj-33	265	7	companies	company	NOUN
emaj-33	265	8	.	.	PUNCT
emaj-33	266	1	g4	g4	NOUN
emaj-33	266	2	is	be	AUX
emaj-33	266	3	characterized	characterize	VERB
emaj-33	266	4	by	by	ADP
emaj-33	266	5	a	a	DET
emaj-33	266	6	high	high	ADJ
emaj-33	266	7	family	family	NOUN
emaj-33	266	8	ownership	ownership	NOUN
emaj-33	266	9	which	which	PRON
emaj-33	266	10	is	be	AUX
emaj-33	266	11	likely	likely	ADJ
emaj-33	266	12	to	to	PART
emaj-33	266	13	limit	limit	VERB
emaj-33	266	14	the	the	DET
emaj-33	266	15	information	information	NOUN
emaj-33	266	16	disclosed	disclose	VERB
emaj-33	266	17	.	.	PUNCT
emaj-33	267	1	however	however	ADV
emaj-33	267	2	,	,	PUNCT
emaj-33	267	3	this	this	DET
emaj-33	267	4	problem	problem	NOUN
emaj-33	267	5	is	be	AUX
emaj-33	267	6	solved	solve	VERB
emaj-33	267	7	by	by	ADP
emaj-33	267	8	the	the	DET
emaj-33	267	9	intervention	intervention	NOUN
emaj-33	267	10	of	of	ADP
emaj-33	267	11	the	the	DET
emaj-33	267	12	state	state	NOUN
emaj-33	267	13	and	and	CCONJ
emaj-33	267	14	institutional	institutional	ADJ
emaj-33	267	15	who	who	PRON
emaj-33	267	16	hold	hold	VERB
emaj-33	267	17	a	a	DET
emaj-33	267	18	significant	significant	ADJ
emaj-33	267	19	part	part	NOUN
emaj-33	267	20	of	of	ADP
emaj-33	267	21	the	the	DET
emaj-33	267	22	property	property	NOUN
emaj-33	267	23	and	and	CCONJ
emaj-33	267	24	the	the	DET
emaj-33	267	25	use	use	NOUN
emaj-33	267	26	of	of	ADP
emaj-33	267	27	large	large	ADJ
emaj-33	267	28	firms	firm	NOUN
emaj-33	267	29	audit	audit	VERB
emaj-33	267	30	.	.	PUNCT
emaj-33	268	1	in	in	ADP
emaj-33	268	2	addition	addition	NOUN
emaj-33	268	3	,	,	PUNCT
emaj-33	268	4	companies	company	NOUN
emaj-33	268	5	that	that	PRON
emaj-33	268	6	form	form	VERB
emaj-33	268	7	the	the	DET
emaj-33	268	8	group	group	NOUN
emaj-33	268	9	5	5	NUM
emaj-33	268	10	have	have	VERB
emaj-33	268	11	a	a	DET
emaj-33	268	12	small	small	ADJ
emaj-33	268	13	family	family	NOUN
emaj-33	268	14	-	-	PUNCT
emaj-33	268	15	owned	own	VERB
emaj-33	268	16	and	and	CCONJ
emaj-33	268	17	high	high	ADJ
emaj-33	268	18	state	state	NOUN
emaj-33	268	19	-	-	PUNCT
emaj-33	268	20	owned	own	VERB
emaj-33	268	21	,	,	PUNCT
emaj-33	268	22	which	which	PRON
emaj-33	268	23	is	be	AUX
emaj-33	268	24	already	already	ADV
emaj-33	268	25	justified	justify	VERB
emaj-33	268	26	by	by	ADP
emaj-33	268	27	previous	previous	ADJ
emaj-33	268	28	studies	study	NOUN
emaj-33	268	29	(	(	PUNCT
emaj-33	268	30	see	see	VERB
emaj-33	268	31	figure8	figure8	NOUN
emaj-33	268	32	)	)	PUNCT
emaj-33	268	33	figure	figure	NOUN
emaj-33	268	34	viii	viii	ADJ
emaj-33	268	35	–	–	PUNCT
emaj-33	268	36	firms	firm	NOUN
emaj-33	268	37	taxonomy	taxonomy	NOUN
emaj-33	268	38	according	accord	VERB
emaj-33	268	39	to	to	ADP
emaj-33	268	40	governance	governance	NOUN
emaj-33	268	41	and	and	CCONJ
emaj-33	268	42	good	good	ADJ
emaj-33	268	43	disclosure	disclosure	NOUN
emaj-33	268	44	quality	quality	NOUN
emaj-33	268	45	of	of	ADP
emaj-33	268	46	information	information	NOUN
emaj-33	268	47	on	on	ADP
emaj-33	268	48	the	the	DET
emaj-33	268	49	direction	direction	NOUN
emaj-33	268	50	and	and	CCONJ
emaj-33	268	51	shareholders	shareholder	NOUN
emaj-33	268	52	s	s	PART
emaj-33	268	53	c	c	NOUN
emaj-33	268	54	3	3	NUM
emaj-33	268	55	-	-	PUNCT
emaj-33	268	56	non	non	X
emaj-33	268	57	financial	financial	ADJ
emaj-33	268	58	information	information	NOUN
emaj-33	268	59	.	.	PUNCT
emaj-33	269	1	firms	firm	NOUN
emaj-33	269	2	of	of	ADP
emaj-33	269	3	groups	group	NOUN
emaj-33	269	4	1	1	NUM
emaj-33	269	5	,	,	PUNCT
emaj-33	269	6	2	2	NUM
emaj-33	269	7	and	and	CCONJ
emaj-33	269	8	3	3	NUM
emaj-33	269	9	belong	belong	VERB
emaj-33	269	10	to	to	ADP
emaj-33	269	11	the	the	DET
emaj-33	269	12	financial	financial	ADJ
emaj-33	269	13	sector	sector	NOUN
emaj-33	269	14	.	.	PUNCT
emaj-33	270	1	g1	g1	PROPN
emaj-33	270	2	has	have	VERB
emaj-33	270	3	a	a	DET
emaj-33	270	4	single	single	ADJ
emaj-33	270	5	characteristic	characteristic	NOUN
emaj-33	270	6	of	of	ADP
emaj-33	270	7	governance	governance	NOUN
emaj-33	270	8	which	which	PRON
emaj-33	270	9	is	be	AUX
emaj-33	270	10	likely	likely	ADJ
emaj-33	270	11	to	to	PART
emaj-33	270	12	improve	improve	VERB
emaj-33	270	13	the	the	DET
emaj-33	270	14	quality	quality	NOUN
emaj-33	270	15	of	of	ADP
emaj-33	270	16	disclosure	disclosure	NOUN
emaj-33	270	17	of	of	ADP
emaj-33	270	18	non	non	ADJ
emaj-33	270	19	-	-	ADJ
emaj-33	270	20	financial	financial	ADJ
emaj-33	270	21	information	information	NOUN
emaj-33	270	22	:	:	PUNCT
emaj-33	270	23	a	a	DET
emaj-33	270	24	low	low	ADJ
emaj-33	270	25	concentration	concentration	NOUN
emaj-33	270	26	of	of	ADP
emaj-33	270	27	ownership	ownership	NOUN
emaj-33	270	28	,	,	PUNCT
emaj-33	270	29	which	which	PRON
emaj-33	270	30	is	be	AUX
emaj-33	270	31	justified	justify	VERB
emaj-33	270	32	by	by	ADP
emaj-33	270	33	the	the	DET
emaj-33	270	34	literature	literature	NOUN
emaj-33	270	35	.	.	PUNCT
emaj-33	271	1	the	the	DET
emaj-33	271	2	two	two	NUM
emaj-33	271	3	groups	group	NOUN
emaj-33	271	4	2	2	NUM
emaj-33	271	5	and	and	CCONJ
emaj-33	271	6	3	3	NUM
emaj-33	271	7	are	be	AUX
emaj-33	271	8	characterized	characterize	VERB
emaj-33	271	9	by	by	ADP
emaj-33	271	10	a	a	DET
emaj-33	271	11	a	a	DET
emaj-33	271	12	high	high	ADJ
emaj-33	271	13	concentration	concentration	NOUN
emaj-33	271	14	of	of	ADP
emaj-33	271	15	ownership	ownership	NOUN
emaj-33	271	16	.	.	PUNCT
emaj-33	272	1	problems	problem	NOUN
emaj-33	272	2	of	of	ADP
emaj-33	272	3	interest	interest	NOUN
emaj-33	272	4	between	between	ADP
emaj-33	272	5	majority	majority	NOUN
emaj-33	272	6	and	and	CCONJ
emaj-33	272	7	minority	minority	NOUN
emaj-33	272	8	shareholders	shareholder	NOUN
emaj-33	272	9	related	relate	VERB
emaj-33	272	10	to	to	ADP
emaj-33	272	11	this	this	DET
emaj-33	272	12	concentration	concentration	NOUN
emaj-33	272	13	are	be	AUX
emaj-33	272	14	accompanied	accompany	VERB
emaj-33	272	15	in	in	ADP
emaj-33	272	16	group	group	NOUN
emaj-33	272	17	3	3	NUM
emaj-33	272	18	with	with	ADP
emaj-33	272	19	a	a	DET
emaj-33	272	20	strong	strong	ADJ
emaj-33	272	21	institutional	institutional	ADJ
emaj-33	272	22	presence	presence	NOUN
emaj-33	272	23	volume	volume	NOUN
emaj-33	272	24	3	3	NUM
emaj-33	272	25	no	no	DET
emaj-33	272	26	2	2	NUM
emaj-33	272	27	(	(	PUNCT
emaj-33	272	28	2013	2013	NUM
emaj-33	272	29	)	)	PUNCT
emaj-33	272	30	|	|	ADV
emaj-33	272	31	issn	issn	VERB
emaj-33	272	32	2158	2158	NUM
emaj-33	272	33	-	-	SYM
emaj-33	272	34	8708	8708	NUM
emaj-33	272	35	(	(	PUNCT
emaj-33	272	36	online	online	NOUN
emaj-33	272	37	)	)	PUNCT
emaj-33	273	1	|	|	ADV
emaj-33	273	2	10.5195	10.5195	NUM
emaj-33	273	3	/	/	SYM
emaj-33	273	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	273	5	|	|	NOUN
emaj-33	273	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	273	7	corporate	corporate	ADJ
emaj-33	273	8	governance	governance	NOUN
emaj-33	273	9	and	and	CCONJ
emaj-33	273	10	disclosure	disclosure	NOUN
emaj-33	273	11	quality	quality	NOUN
emaj-33	273	12	:	:	PUNCT
emaj-33	273	13	taxonomy	taxonomy	NOUN
emaj-33	273	14	of	of	ADP
emaj-33	273	15	tunisian	tunisian	ADJ
emaj-33	273	16	listed	list	VERB
emaj-33	273	17	firms	firm	NOUN
emaj-33	273	18	using	use	VERB
emaj-33	273	19	the	the	DET
emaj-33	273	20	decision	decision	NOUN
emaj-33	273	21	tree	tree	NOUN
emaj-33	273	22	method	method	NOUN
emaj-33	273	23	based	base	VERB
emaj-33	273	24	approach	approach	NOUN
emaj-33	273	25	emerging	emerge	VERB
emaj-33	273	26	markets	market	NOUN
emaj-33	273	27	journal	journal	NOUN
emaj-33	273	28	|	|	ADV
emaj-33	273	29	p	p	NOUN
emaj-33	273	30	a	a	DET
emaj-33	273	31	g	g	NOUN
emaj-33	273	32	e	e	NOUN
emaj-33	273	33	|	|	ADV
emaj-33	273	34	63	63	NUM
emaj-33	273	35	which	which	PRON
emaj-33	273	36	is	be	AUX
emaj-33	273	37	likely	likely	ADJ
emaj-33	273	38	to	to	PART
emaj-33	273	39	enhance	enhance	VERB
emaj-33	273	40	the	the	DET
emaj-33	273	41	disclosure	disclosure	NOUN
emaj-33	273	42	of	of	ADP
emaj-33	273	43	non	non	ADJ
emaj-33	273	44	-	-	ADJ
emaj-33	273	45	financial	financial	ADJ
emaj-33	273	46	information	information	NOUN
emaj-33	273	47	.	.	PUNCT
emaj-33	274	1	group	group	NOUN
emaj-33	274	2	4	4	NUM
emaj-33	274	3	differs	differ	VERB
emaj-33	274	4	from	from	ADP
emaj-33	274	5	group	group	NOUN
emaj-33	274	6	3	3	NUM
emaj-33	274	7	by	by	ADP
emaj-33	274	8	a	a	DET
emaj-33	274	9	low	low	ADJ
emaj-33	274	10	institutional	institutional	ADJ
emaj-33	274	11	and	and	CCONJ
emaj-33	274	12	administrators	administrator	NOUN
emaj-33	274	13	.	.	PUNCT
emaj-33	275	1	in	in	ADP
emaj-33	275	2	groups	group	NOUN
emaj-33	275	3	4	4	NUM
emaj-33	275	4	and	and	CCONJ
emaj-33	275	5	5	5	NUM
emaj-33	275	6	we	we	PRON
emaj-33	275	7	find	find	VERB
emaj-33	275	8	are	be	AUX
emaj-33	275	9	the	the	DET
emaj-33	275	10	nonfinancial	nonfinancial	ADJ
emaj-33	275	11	firms	firm	NOUN
emaj-33	275	12	.	.	PUNCT
emaj-33	276	1	the	the	DET
emaj-33	276	2	attributes	attribute	NOUN
emaj-33	276	3	of	of	ADP
emaj-33	276	4	these	these	DET
emaj-33	276	5	two	two	NUM
emaj-33	276	6	groups	group	NOUN
emaj-33	276	7	are	be	AUX
emaj-33	276	8	similar	similar	ADJ
emaj-33	276	9	,	,	PUNCT
emaj-33	276	10	but	but	CCONJ
emaj-33	276	11	the	the	DET
emaj-33	276	12	level	level	NOUN
emaj-33	276	13	of	of	ADP
emaj-33	276	14	family	family	NOUN
emaj-33	276	15	ownership	ownership	NOUN
emaj-33	276	16	and	and	CCONJ
emaj-33	276	17	the	the	DET
emaj-33	276	18	number	number	NOUN
emaj-33	276	19	of	of	ADP
emaj-33	276	20	outside	outside	ADJ
emaj-33	276	21	directors	director	NOUN
emaj-33	276	22	in	in	ADP
emaj-33	276	23	the	the	DET
emaj-33	276	24	board	board	NOUN
emaj-33	276	25	are	be	AUX
emaj-33	276	26	different	different	ADJ
emaj-33	276	27	.	.	PUNCT
emaj-33	277	1	group	group	NOUN
emaj-33	277	2	4	4	NUM
emaj-33	277	3	is	be	AUX
emaj-33	277	4	characterized	characterize	VERB
emaj-33	277	5	by	by	ADP
emaj-33	277	6	a	a	DET
emaj-33	277	7	low	low	ADJ
emaj-33	277	8	number	number	NOUN
emaj-33	277	9	of	of	ADP
emaj-33	277	10	outside	outside	ADJ
emaj-33	277	11	directors	director	NOUN
emaj-33	277	12	,	,	PUNCT
emaj-33	277	13	but	but	CCONJ
emaj-33	277	14	a	a	DET
emaj-33	277	15	high	high	ADJ
emaj-33	277	16	family	family	NOUN
emaj-33	277	17	ownership	ownership	NOUN
emaj-33	277	18	,	,	PUNCT
emaj-33	277	19	while	while	SCONJ
emaj-33	277	20	group	group	NOUN
emaj-33	277	21	5	5	NUM
emaj-33	277	22	is	be	AUX
emaj-33	277	23	composed	compose	VERB
emaj-33	277	24	of	of	ADP
emaj-33	277	25	firms	firm	NOUN
emaj-33	277	26	whose	whose	DET
emaj-33	277	27	board	board	NOUN
emaj-33	277	28	is	be	AUX
emaj-33	277	29	formed	form	VERB
emaj-33	277	30	by	by	ADP
emaj-33	277	31	a	a	DET
emaj-33	277	32	percentage	percentage	NOUN
emaj-33	277	33	of	of	ADP
emaj-33	277	34	external	external	ADJ
emaj-33	277	35	medium	medium	ADJ
emaj-33	277	36	and	and	CCONJ
emaj-33	277	37	low	low	ADJ
emaj-33	277	38	family	family	NOUN
emaj-33	277	39	ownership	ownership	NOUN
emaj-33	277	40	(	(	PUNCT
emaj-33	277	41	see	see	VERB
emaj-33	277	42	figure	figure	NOUN
emaj-33	277	43	9	9	NUM
emaj-33	277	44	)	)	PUNCT
emaj-33	277	45	.	.	PUNCT
emaj-33	278	1	s	s	PART
emaj-33	278	2	c	c	NOUN
emaj-33	278	3	4	4	NUM
emaj-33	278	4	forecasting	forecasting	NOUN
emaj-33	278	5	information	information	NOUN
emaj-33	278	6	.	.	PUNCT
emaj-33	279	1	group	group	NOUN
emaj-33	279	2	1	1	NUM
emaj-33	279	3	is	be	AUX
emaj-33	279	4	formed	form	VERB
emaj-33	279	5	by	by	ADP
emaj-33	279	6	companies	company	NOUN
emaj-33	279	7	in	in	ADP
emaj-33	279	8	the	the	DET
emaj-33	279	9	financial	financial	ADJ
emaj-33	279	10	sector	sector	NOUN
emaj-33	279	11	.	.	PUNCT
emaj-33	280	1	characteristics	characteristic	NOUN
emaj-33	280	2	of	of	ADP
emaj-33	280	3	corporate	corporate	ADJ
emaj-33	280	4	governance	governance	NOUN
emaj-33	280	5	tend	tend	VERB
emaj-33	280	6	to	to	PART
emaj-33	280	7	improve	improve	VERB
emaj-33	280	8	the	the	DET
emaj-33	280	9	quality	quality	NOUN
emaj-33	280	10	of	of	ADP
emaj-33	280	11	disclosure	disclosure	NOUN
emaj-33	280	12	looking	look	VERB
emaj-33	280	13	for	for	ADP
emaj-33	280	14	this	this	DET
emaj-33	280	15	type	type	NOUN
emaj-33	280	16	of	of	ADP
emaj-33	280	17	business	business	NOUN
emaj-33	280	18	are	be	AUX
emaj-33	280	19	related	relate	VERB
emaj-33	280	20	only	only	ADV
emaj-33	280	21	to	to	ADP
emaj-33	280	22	the	the	DET
emaj-33	280	23	composition	composition	NOUN
emaj-33	280	24	of	of	ADP
emaj-33	280	25	the	the	DET
emaj-33	280	26	board	board	NOUN
emaj-33	280	27	of	of	ADP
emaj-33	280	28	administration	administration	NOUN
emaj-33	280	29	.	.	PUNCT
emaj-33	281	1	in	in	ADP
emaj-33	281	2	fact	fact	NOUN
emaj-33	281	3	,	,	PUNCT
emaj-33	281	4	this	this	DET
emaj-33	281	5	group	group	NOUN
emaj-33	281	6	is	be	AUX
emaj-33	281	7	characterized	characterize	VERB
emaj-33	281	8	by	by	ADP
emaj-33	281	9	a	a	DET
emaj-33	281	10	small	small	ADJ
emaj-33	281	11	board	board	NOUN
emaj-33	281	12	dominated	dominate	VERB
emaj-33	281	13	by	by	ADP
emaj-33	281	14	outside	outside	ADV
emaj-33	281	15	.	.	PUNCT
emaj-33	282	1	this	this	DET
emaj-33	282	2	result	result	NOUN
emaj-33	282	3	was	be	AUX
emaj-33	282	4	suggested	suggest	VERB
emaj-33	282	5	by	by	ADP
emaj-33	282	6	jensen	jensen	PROPN
emaj-33	282	7	(	(	PUNCT
emaj-33	282	8	1993	1993	NUM
emaj-33	282	9	)	)	PUNCT
emaj-33	282	10	,	,	PUNCT
emaj-33	282	11	who	who	PRON
emaj-33	282	12	stated	state	VERB
emaj-33	282	13	that	that	SCONJ
emaj-33	282	14	a	a	DET
emaj-33	282	15	board	board	NOUN
emaj-33	282	16	filled	fill	VERB
emaj-33	282	17	effectively	effectively	ADV
emaj-33	282	18	its	its	PRON
emaj-33	282	19	supervisory	supervisory	ADJ
emaj-33	282	20	board	board	NOUN
emaj-33	282	21	is	be	AUX
emaj-33	282	22	composed	compose	VERB
emaj-33	282	23	mainly	mainly	ADV
emaj-33	282	24	by	by	ADP
emaj-33	282	25	small	small	ADJ
emaj-33	282	26	external	external	ADJ
emaj-33	282	27	directors	director	NOUN
emaj-33	282	28	.	.	PUNCT
emaj-33	283	1	according	accord	VERB
emaj-33	283	2	to	to	ADP
emaj-33	283	3	the	the	DET
emaj-33	283	4	agency	agency	NOUN
emaj-33	283	5	theory	theory	NOUN
emaj-33	283	6	in	in	ADP
emaj-33	283	7	the	the	DET
emaj-33	283	8	presence	presence	NOUN
emaj-33	283	9	of	of	ADP
emaj-33	283	10	external	external	ADJ
emaj-33	283	11	counseling	counseling	NOUN
emaj-33	283	12	helps	helps	AUX
emaj-33	283	13	reduce	reduce	VERB
emaj-33	283	14	agency	agency	NOUN
emaj-33	283	15	problems	problem	NOUN
emaj-33	283	16	,	,	PUNCT
emaj-33	283	17	and	and	CCONJ
emaj-33	283	18	subsequently	subsequently	ADV
emaj-33	283	19	,	,	PUNCT
emaj-33	283	20	the	the	DET
emaj-33	283	21	information	information	NOUN
emaj-33	283	22	asymmetries	asymmetry	NOUN
emaj-33	283	23	due	due	ADP
emaj-33	283	24	to	to	ADP
emaj-33	283	25	their	their	PRON
emaj-33	283	26	independence	independence	NOUN
emaj-33	283	27	and	and	CCONJ
emaj-33	283	28	objectivity	objectivity	NOUN
emaj-33	283	29	.	.	PUNCT
emaj-33	284	1	figure	figure	NOUN
emaj-33	284	2	ix	ix	ADJ
emaj-33	284	3	–	–	PUNCT
emaj-33	284	4	firms	firm	NOUN
emaj-33	284	5	taxonomy	taxonomy	NOUN
emaj-33	284	6	according	accord	VERB
emaj-33	284	7	to	to	ADP
emaj-33	284	8	governance	governance	NOUN
emaj-33	284	9	and	and	CCONJ
emaj-33	284	10	good	good	ADJ
emaj-33	284	11	disclosure	disclosure	NOUN
emaj-33	284	12	quality	quality	NOUN
emaj-33	284	13	of	of	ADP
emaj-33	284	14	non	non	ADJ
emaj-33	284	15	financial	financial	ADJ
emaj-33	284	16	information	information	NOUN
emaj-33	284	17	groups	group	NOUN
emaj-33	284	18	2	2	NUM
emaj-33	284	19	and	and	CCONJ
emaj-33	284	20	3	3	NUM
emaj-33	284	21	have	have	VERB
emaj-33	284	22	the	the	DET
emaj-33	284	23	same	same	ADJ
emaj-33	284	24	attributes	attribute	NOUN
emaj-33	284	25	for	for	ADP
emaj-33	284	26	membership	membership	NOUN
emaj-33	284	27	industry	industry	NOUN
emaj-33	284	28	,	,	PUNCT
emaj-33	284	29	board	board	NOUN
emaj-33	284	30	size	size	NOUN
emaj-33	284	31	and	and	CCONJ
emaj-33	284	32	the	the	DET
emaj-33	284	33	degree	degree	NOUN
emaj-33	284	34	of	of	ADP
emaj-33	284	35	concentration	concentration	NOUN
emaj-33	284	36	of	of	ADP
emaj-33	284	37	ownership	ownership	NOUN
emaj-33	284	38	.	.	PUNCT
emaj-33	285	1	in	in	ADP
emaj-33	285	2	fact	fact	NOUN
emaj-33	285	3	,	,	PUNCT
emaj-33	285	4	they	they	PRON
emaj-33	285	5	are	be	AUX
emaj-33	285	6	formed	form	VERB
emaj-33	285	7	by	by	ADP
emaj-33	285	8	the	the	DET
emaj-33	285	9	non	non	ADJ
emaj-33	285	10	-	-	ADJ
emaj-33	285	11	financial	financial	ADJ
emaj-33	285	12	sector	sector	NOUN
emaj-33	285	13	businesses	business	NOUN
emaj-33	285	14	with	with	ADP
emaj-33	285	15	highly	highly	ADV
emaj-33	285	16	concentrated	concentrated	ADJ
emaj-33	285	17	ownership	ownership	NOUN
emaj-33	285	18	and	and	CCONJ
emaj-33	285	19	whose	whose	DET
emaj-33	285	20	board	board	NOUN
emaj-33	285	21	of	of	ADP
emaj-33	285	22	directors	director	NOUN
emaj-33	285	23	is	be	AUX
emaj-33	285	24	composed	compose	VERB
emaj-33	285	25	of	of	ADP
emaj-33	285	26	a	a	DET
emaj-33	285	27	large	large	ADJ
emaj-33	285	28	number	number	NOUN
emaj-33	285	29	of	of	ADP
emaj-33	285	30	administrators	administrator	NOUN
emaj-33	285	31	.	.	PUNCT
emaj-33	286	1	however	however	ADV
emaj-33	286	2	,	,	PUNCT
emaj-33	286	3	they	they	PRON
emaj-33	286	4	differ	differ	VERB
emaj-33	286	5	in	in	ADP
emaj-33	286	6	the	the	DET
emaj-33	286	7	percentage	percentage	NOUN
emaj-33	286	8	held	hold	VERB
emaj-33	286	9	by	by	ADP
emaj-33	286	10	the	the	DET
emaj-33	286	11	manager	manager	NOUN
emaj-33	286	12	.	.	PUNCT
emaj-33	287	1	g3	g3	PROPN
emaj-33	287	2	is	be	AUX
emaj-33	287	3	the	the	DET
emaj-33	287	4	group	group	NOUN
emaj-33	287	5	with	with	ADP
emaj-33	287	6	high	high	ADJ
emaj-33	287	7	managerial	managerial	ADJ
emaj-33	287	8	ownership	ownership	NOUN
emaj-33	287	9	.	.	PUNCT
emaj-33	288	1	this	this	DET
emaj-33	288	2	result	result	NOUN
emaj-33	288	3	can	can	AUX
emaj-33	288	4	be	be	AUX
emaj-33	288	5	explained	explain	VERB
emaj-33	288	6	by	by	ADP
emaj-33	288	7	the	the	DET
emaj-33	288	8	fact	fact	NOUN
emaj-33	288	9	that	that	SCONJ
emaj-33	288	10	managerial	managerial	ADJ
emaj-33	288	11	ownership	ownership	NOUN
emaj-33	288	12	reduces	reduce	VERB
emaj-33	288	13	agency	agency	NOUN
emaj-33	288	14	problems	problem	NOUN
emaj-33	288	15	and	and	CCONJ
emaj-33	288	16	managerial	managerial	ADJ
emaj-33	288	17	opportunism	opportunism	NOUN
emaj-33	288	18	arising	arise	VERB
emaj-33	288	19	from	from	ADP
emaj-33	288	20	the	the	DET
emaj-33	288	21	separation	separation	NOUN
emaj-33	288	22	of	of	ADP
emaj-33	288	23	ownership	ownership	NOUN
emaj-33	288	24	and	and	CCONJ
emaj-33	288	25	control	control	NOUN
emaj-33	288	26	.	.	PUNCT
emaj-33	289	1	therefore	therefore	ADV
emaj-33	289	2	,	,	PUNCT
emaj-33	289	3	owner	owner	NOUN
emaj-33	289	4	-	-	PUNCT
emaj-33	289	5	managers	manager	NOUN
emaj-33	289	6	will	will	AUX
emaj-33	289	7	no	no	ADV
emaj-33	289	8	longer	long	ADV
emaj-33	289	9	retain	retain	VERB
emaj-33	289	10	dr	dr	PROPN
emaj-33	289	11	.	.	PROPN
emaj-33	289	12	wided	wide	VERB
emaj-33	289	13	khiari	khiari	PROPN
emaj-33	289	14	p	p	PROPN
emaj-33	289	15	a	a	DET
emaj-33	289	16	g	g	NOUN
emaj-33	289	17	e	e	NOUN
emaj-33	289	18	|	|	ADV
emaj-33	289	19	64|	64|	NUM
emaj-33	289	20	emerging	emerge	VERB
emaj-33	289	21	markets	market	NOUN
emaj-33	289	22	journal	journal	NOUN
emaj-33	289	23	volume	volume	NOUN
emaj-33	289	24	3	3	NUM
emaj-33	289	25	no	no	DET
emaj-33	289	26	2	2	NUM
emaj-33	289	27	(	(	PUNCT
emaj-33	289	28	2013	2013	NUM
emaj-33	289	29	)	)	PUNCT
emaj-33	289	30	|	|	ADV
emaj-33	289	31	issn	issn	VERB
emaj-33	289	32	2158	2158	NUM
emaj-33	289	33	-	-	SYM
emaj-33	289	34	8708	8708	NUM
emaj-33	289	35	(	(	PUNCT
emaj-33	289	36	online	online	NOUN
emaj-33	289	37	)	)	PUNCT
emaj-33	289	38	|	|	ADV
emaj-33	289	39	10.5195	10.5195	NUM
emaj-33	289	40	/	/	SYM
emaj-33	289	41	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	289	42	|	|	NOUN
emaj-33	289	43	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	289	44	information	information	NOUN
emaj-33	289	45	and	and	CCONJ
emaj-33	289	46	can	can	AUX
emaj-33	289	47	improve	improve	VERB
emaj-33	289	48	the	the	DET
emaj-33	289	49	quality	quality	NOUN
emaj-33	289	50	of	of	ADP
emaj-33	289	51	disclosure	disclosure	NOUN
emaj-33	289	52	.	.	PUNCT
emaj-33	290	1	g2	g2	PROPN
emaj-33	290	2	is	be	AUX
emaj-33	290	3	characterized	characterize	VERB
emaj-33	290	4	by	by	ADP
emaj-33	290	5	a	a	DET
emaj-33	290	6	low	low	ADJ
emaj-33	290	7	percentage	percentage	NOUN
emaj-33	290	8	of	of	ADP
emaj-33	290	9	outside	outside	ADJ
emaj-33	290	10	directors	director	NOUN
emaj-33	290	11	.	.	PUNCT
emaj-33	291	1	this	this	DET
emaj-33	291	2	deficiency	deficiency	NOUN
emaj-33	291	3	is	be	AUX
emaj-33	291	4	corrected	correct	VERB
emaj-33	291	5	by	by	ADP
emaj-33	291	6	a	a	DET
emaj-33	291	7	low	low	ADJ
emaj-33	291	8	managerial	managerial	ADJ
emaj-33	291	9	ownership	ownership	NOUN
emaj-33	291	10	.	.	PUNCT
emaj-33	292	1	according	accord	VERB
emaj-33	292	2	to	to	ADP
emaj-33	292	3	gelb	gelb	NOUN
emaj-33	292	4	(	(	PUNCT
emaj-33	292	5	2000	2000	NUM
emaj-33	292	6	)	)	PUNCT
emaj-33	292	7	companies	company	NOUN
emaj-33	292	8	whose	whose	DET
emaj-33	292	9	leaders	leader	NOUN
emaj-33	292	10	hold	hold	VERB
emaj-33	292	11	a	a	DET
emaj-33	292	12	small	small	ADJ
emaj-33	292	13	proportion	proportion	NOUN
emaj-33	292	14	of	of	ADP
emaj-33	292	15	capital	capital	NOUN
emaj-33	292	16	better	well	ADV
emaj-33	292	17	meet	meet	VERB
emaj-33	292	18	the	the	DET
emaj-33	292	19	informational	informational	ADJ
emaj-33	292	20	needs	need	NOUN
emaj-33	292	21	of	of	ADP
emaj-33	292	22	investors	investor	NOUN
emaj-33	292	23	and	and	CCONJ
emaj-33	292	24	those	those	PRON
emaj-33	292	25	whose	whose	DET
emaj-33	292	26	participation	participation	NOUN
emaj-33	292	27	is	be	AUX
emaj-33	292	28	important	important	ADJ
emaj-33	292	29	.	.	PUNCT
emaj-33	293	1	in	in	ADP
emaj-33	293	2	fact	fact	NOUN
emaj-33	293	3	,	,	PUNCT
emaj-33	293	4	when	when	SCONJ
emaj-33	293	5	leaders	leader	NOUN
emaj-33	293	6	do	do	AUX
emaj-33	293	7	have	have	VERB
emaj-33	293	8	a	a	DET
emaj-33	293	9	small	small	ADJ
emaj-33	293	10	percentage	percentage	NOUN
emaj-33	293	11	of	of	ADP
emaj-33	293	12	equity	equity	NOUN
emaj-33	293	13	,	,	PUNCT
emaj-33	293	14	the	the	DET
emaj-33	293	15	increase	increase	NOUN
emaj-33	293	16	in	in	ADP
emaj-33	293	17	value	value	NOUN
emaj-33	293	18	due	due	ADP
emaj-33	293	19	to	to	ADP
emaj-33	293	20	good	good	ADJ
emaj-33	293	21	communication	communication	NOUN
emaj-33	293	22	is	be	AUX
emaj-33	293	23	the	the	DET
emaj-33	293	24	risk	risk	NOUN
emaj-33	293	25	of	of	ADP
emaj-33	293	26	loss	loss	NOUN
emaj-33	293	27	of	of	ADP
emaj-33	293	28	human	human	ADJ
emaj-33	293	29	capital	capital	NOUN
emaj-33	293	30	tied	tie	VERB
emaj-33	293	31	to	to	ADP
emaj-33	293	32	their	their	PRON
emaj-33	293	33	employment	employment	NOUN
emaj-33	293	34	and	and	CCONJ
emaj-33	293	35	various	various	ADJ
emaj-33	293	36	benefits	benefit	NOUN
emaj-33	293	37	attached	attach	VERB
emaj-33	293	38	thereto	thereto	VERB
emaj-33	293	39	.	.	PUNCT
emaj-33	294	1	the	the	DET
emaj-33	294	2	group	group	NOUN
emaj-33	294	3	is	be	AUX
emaj-33	294	4	composed	compose	VERB
emaj-33	294	5	of	of	ADP
emaj-33	294	6	four	four	NUM
emaj-33	294	7	companies	company	NOUN
emaj-33	294	8	belonging	belong	VERB
emaj-33	294	9	to	to	ADP
emaj-33	294	10	the	the	DET
emaj-33	294	11	nonfinancial	nonfinancial	ADJ
emaj-33	294	12	sector	sector	NOUN
emaj-33	294	13	,	,	PUNCT
emaj-33	294	14	with	with	ADP
emaj-33	294	15	a	a	DET
emaj-33	294	16	large	large	ADJ
emaj-33	294	17	board	board	NOUN
emaj-33	294	18	formed	form	VERB
emaj-33	294	19	by	by	ADP
emaj-33	294	20	a	a	DET
emaj-33	294	21	small	small	ADJ
emaj-33	294	22	number	number	NOUN
emaj-33	294	23	of	of	ADP
emaj-33	294	24	outside	outside	ADJ
emaj-33	294	25	directors	director	NOUN
emaj-33	294	26	.	.	PUNCT
emaj-33	295	1	however	however	ADV
emaj-33	295	2	,	,	PUNCT
emaj-33	295	3	this	this	DET
emaj-33	295	4	group	group	NOUN
emaj-33	295	5	is	be	AUX
emaj-33	295	6	characterized	characterize	VERB
emaj-33	295	7	by	by	ADP
emaj-33	295	8	a	a	DET
emaj-33	295	9	low	low	ADJ
emaj-33	295	10	concentration	concentration	NOUN
emaj-33	295	11	of	of	ADP
emaj-33	295	12	ownership	ownership	NOUN
emaj-33	295	13	that	that	PRON
emaj-33	295	14	is	be	AUX
emaj-33	295	15	likely	likely	ADJ
emaj-33	295	16	to	to	PART
emaj-33	295	17	improve	improve	VERB
emaj-33	295	18	the	the	DET
emaj-33	295	19	quality	quality	NOUN
emaj-33	295	20	of	of	ADP
emaj-33	295	21	disclosure	disclosure	NOUN
emaj-33	295	22	(	(	PUNCT
emaj-33	295	23	see	see	VERB
emaj-33	295	24	figure	figure	NOUN
emaj-33	295	25	10	10	NUM
emaj-33	295	26	)	)	PUNCT
emaj-33	295	27	.	.	PUNCT
emaj-33	296	1	figure	figure	NOUN
emaj-33	296	2	x	x	NOUN
emaj-33	296	3	–	–	PUNCT
emaj-33	296	4	firms	firm	NOUN
emaj-33	296	5	taxonomy	taxonomy	NOUN
emaj-33	296	6	according	accord	VERB
emaj-33	296	7	to	to	ADP
emaj-33	296	8	governance	governance	NOUN
emaj-33	296	9	and	and	CCONJ
emaj-33	296	10	good	good	ADJ
emaj-33	296	11	disclosure	disclosure	NOUN
emaj-33	296	12	quality	quality	NOUN
emaj-33	296	13	of	of	ADP
emaj-33	296	14	the	the	DET
emaj-33	296	15	forecasting	forecasting	NOUN
emaj-33	296	16	information	information	NOUN
emaj-33	296	17	s	s	PART
emaj-33	296	18	c	c	NOUN
emaj-33	296	19	5	5	NUM
emaj-33	296	20	financial	financial	ADJ
emaj-33	296	21	information	information	NOUN
emaj-33	296	22	.	.	PUNCT
emaj-33	297	1	group	group	NOUN
emaj-33	297	2	1	1	NUM
emaj-33	297	3	consists	consist	NOUN
emaj-33	297	4	of	of	ADP
emaj-33	297	5	firms	firm	NOUN
emaj-33	297	6	in	in	ADP
emaj-33	297	7	the	the	DET
emaj-33	297	8	financial	financial	ADJ
emaj-33	297	9	sector	sector	NOUN
emaj-33	297	10	with	with	ADP
emaj-33	297	11	a	a	DET
emaj-33	297	12	low	low	ADJ
emaj-33	297	13	concentration	concentration	NOUN
emaj-33	297	14	of	of	ADP
emaj-33	297	15	ownership	ownership	NOUN
emaj-33	297	16	.	.	PUNCT
emaj-33	298	1	this	this	DET
emaj-33	298	2	group	group	NOUN
emaj-33	298	3	has	have	VERB
emaj-33	298	4	the	the	DET
emaj-33	298	5	same	same	ADJ
emaj-33	298	6	characteristics	characteristic	NOUN
emaj-33	298	7	as	as	ADP
emaj-33	298	8	the	the	DET
emaj-33	298	9	first	first	ADJ
emaj-33	298	10	group	group	NOUN
emaj-33	298	11	of	of	ADP
emaj-33	298	12	companies	company	NOUN
emaj-33	298	13	with	with	ADP
emaj-33	298	14	a	a	DET
emaj-33	298	15	good	good	ADJ
emaj-33	298	16	quality	quality	NOUN
emaj-33	298	17	of	of	ADP
emaj-33	298	18	disclosure	disclosure	NOUN
emaj-33	298	19	of	of	ADP
emaj-33	298	20	non	non	ADJ
emaj-33	298	21	-	-	ADJ
emaj-33	298	22	financial	financial	ADJ
emaj-33	298	23	information	information	NOUN
emaj-33	298	24	.	.	PUNCT
emaj-33	299	1	this	this	DET
emaj-33	299	2	result	result	NOUN
emaj-33	299	3	is	be	AUX
emaj-33	299	4	partly	partly	ADV
emaj-33	299	5	explained	explain	VERB
emaj-33	299	6	in	in	ADP
emaj-33	299	7	the	the	DET
emaj-33	299	8	literature	literature	NOUN
emaj-33	299	9	that	that	PRON
emaj-33	299	10	firms	firm	NOUN
emaj-33	299	11	with	with	ADP
emaj-33	299	12	a	a	DET
emaj-33	299	13	low	low	ADJ
emaj-33	299	14	concentration	concentration	NOUN
emaj-33	299	15	tend	tend	VERB
emaj-33	299	16	to	to	PART
emaj-33	299	17	have	have	VERB
emaj-33	299	18	a	a	DET
emaj-33	299	19	more	more	ADV
emaj-33	299	20	extensive	extensive	ADJ
emaj-33	299	21	disclosure	disclosure	NOUN
emaj-33	299	22	.	.	PUNCT
emaj-33	300	1	on	on	ADP
emaj-33	300	2	the	the	DET
emaj-33	300	3	other	other	ADJ
emaj-33	300	4	hand	hand	NOUN
emaj-33	300	5	,	,	PUNCT
emaj-33	300	6	it	it	PRON
emaj-33	300	7	shows	show	VERB
emaj-33	300	8	that	that	SCONJ
emaj-33	300	9	firms	firm	NOUN
emaj-33	300	10	in	in	ADP
emaj-33	300	11	the	the	DET
emaj-33	300	12	financial	financial	ADJ
emaj-33	300	13	sector	sector	NOUN
emaj-33	300	14	with	with	ADP
emaj-33	300	15	a	a	DET
emaj-33	300	16	low	low	ADJ
emaj-33	300	17	concentration	concentration	NOUN
emaj-33	300	18	tend	tend	VERB
emaj-33	300	19	to	to	PART
emaj-33	300	20	insist	insist	VERB
emaj-33	300	21	on	on	ADP
emaj-33	300	22	disclosure	disclosure	NOUN
emaj-33	300	23	of	of	ADP
emaj-33	300	24	non	non	ADJ
emaj-33	300	25	-	-	ADJ
emaj-33	300	26	financial	financial	ADJ
emaj-33	300	27	and	and	CCONJ
emaj-33	300	28	financial	financial	ADJ
emaj-33	300	29	.	.	PUNCT
emaj-33	301	1	groups	group	NOUN
emaj-33	301	2	2	2	NUM
emaj-33	301	3	and	and	CCONJ
emaj-33	301	4	3	3	NUM
emaj-33	301	5	is	be	AUX
emaj-33	301	6	that	that	SCONJ
emaj-33	301	7	nonfinancial	nonfinancial	ADJ
emaj-33	301	8	firms	firm	NOUN
emaj-33	301	9	characterized	characterize	VERB
emaj-33	301	10	by	by	ADP
emaj-33	301	11	low	low	ADJ
emaj-33	301	12	family	family	NOUN
emaj-33	301	13	ownership	ownership	NOUN
emaj-33	301	14	and	and	CCONJ
emaj-33	301	15	a	a	DET
emaj-33	301	16	high	high	ADJ
emaj-33	301	17	concentration	concentration	NOUN
emaj-33	301	18	of	of	ADP
emaj-33	301	19	ownership	ownership	NOUN
emaj-33	301	20	.	.	PUNCT
emaj-33	302	1	however	however	ADV
emaj-33	302	2	,	,	PUNCT
emaj-33	302	3	they	they	PRON
emaj-33	302	4	are	be	AUX
emaj-33	302	5	distinguished	distinguish	VERB
emaj-33	302	6	by	by	ADP
emaj-33	302	7	the	the	DET
emaj-33	302	8	size	size	NOUN
emaj-33	302	9	of	of	ADP
emaj-33	302	10	the	the	DET
emaj-33	302	11	board	board	NOUN
emaj-33	302	12	.	.	PUNCT
emaj-33	303	1	for	for	ADP
emaj-33	303	2	companies	company	NOUN
emaj-33	303	3	where	where	SCONJ
emaj-33	303	4	the	the	DET
emaj-33	303	5	board	board	NOUN
emaj-33	303	6	has	have	VERB
emaj-33	303	7	a	a	DET
emaj-33	303	8	reduced	reduce	VERB
emaj-33	303	9	size	size	NOUN
emaj-33	303	10	,	,	PUNCT
emaj-33	303	11	the	the	DET
emaj-33	303	12	use	use	NOUN
emaj-33	303	13	of	of	ADP
emaj-33	303	14	a	a	DET
emaj-33	303	15	large	large	ADJ
emaj-33	303	16	audit	audit	NOUN
emaj-33	303	17	firms	firm	NOUN
emaj-33	303	18	is	be	AUX
emaj-33	303	19	an	an	DET
emaj-33	303	20	important	important	ADJ
emaj-33	303	21	feature	feature	NOUN
emaj-33	303	22	in	in	ADP
emaj-33	303	23	improving	improve	VERB
emaj-33	303	24	the	the	DET
emaj-33	303	25	quality	quality	NOUN
emaj-33	303	26	of	of	ADP
emaj-33	303	27	disclosure	disclosure	NOUN
emaj-33	303	28	of	of	ADP
emaj-33	303	29	financial	financial	ADJ
emaj-33	303	30	nature	nature	NOUN
emaj-33	303	31	(	(	PUNCT
emaj-33	303	32	see	see	VERB
emaj-33	303	33	figure	figure	NOUN
emaj-33	303	34	11	11	NUM
emaj-33	303	35	)	)	PUNCT
emaj-33	303	36	.	.	PUNCT
emaj-33	304	1	figure	figure	NOUN
emaj-33	304	2	xi	xi	PROPN
emaj-33	304	3	–	–	PUNCT
emaj-33	304	4	firms	firm	NOUN
emaj-33	304	5	taxonomy	taxonomy	NOUN
emaj-33	304	6	according	accord	VERB
emaj-33	304	7	to	to	ADP
emaj-33	304	8	governance	governance	NOUN
emaj-33	304	9	and	and	CCONJ
emaj-33	304	10	good	good	ADJ
emaj-33	304	11	disclosure	disclosure	NOUN
emaj-33	304	12	quality	quality	NOUN
emaj-33	304	13	of	of	ADP
emaj-33	304	14	the	the	DET
emaj-33	304	15	financial	financial	ADJ
emaj-33	304	16	information	information	NOUN
emaj-33	304	17	volume	volume	NOUN
emaj-33	304	18	3	3	NUM
emaj-33	304	19	no	no	DET
emaj-33	304	20	2	2	NUM
emaj-33	304	21	(	(	PUNCT
emaj-33	304	22	2013	2013	NUM
emaj-33	304	23	)	)	PUNCT
emaj-33	304	24	|	|	ADV
emaj-33	304	25	issn	issn	VERB
emaj-33	304	26	2158	2158	NUM
emaj-33	304	27	-	-	SYM
emaj-33	304	28	8708	8708	NUM
emaj-33	304	29	(	(	PUNCT
emaj-33	304	30	online	online	NOUN
emaj-33	304	31	)	)	PUNCT
emaj-33	304	32	|	|	ADV
emaj-33	304	33	10.5195	10.5195	NUM
emaj-33	304	34	/	/	SYM
emaj-33	304	35	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	304	36	|	|	NOUN
emaj-33	304	37	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	304	38	corporate	corporate	ADJ
emaj-33	304	39	governance	governance	NOUN
emaj-33	304	40	and	and	CCONJ
emaj-33	304	41	disclosure	disclosure	NOUN
emaj-33	304	42	quality	quality	NOUN
emaj-33	304	43	:	:	PUNCT
emaj-33	304	44	taxonomy	taxonomy	NOUN
emaj-33	304	45	of	of	ADP
emaj-33	304	46	tunisian	tunisian	ADJ
emaj-33	304	47	listed	list	VERB
emaj-33	304	48	firms	firm	NOUN
emaj-33	304	49	using	use	VERB
emaj-33	304	50	the	the	DET
emaj-33	304	51	decision	decision	NOUN
emaj-33	304	52	tree	tree	NOUN
emaj-33	304	53	method	method	NOUN
emaj-33	304	54	based	base	VERB
emaj-33	304	55	approach	approach	NOUN
emaj-33	304	56	emerging	emerge	VERB
emaj-33	304	57	markets	market	NOUN
emaj-33	304	58	journal	journal	NOUN
emaj-33	304	59	|	|	ADV
emaj-33	304	60	p	p	NOUN
emaj-33	304	61	a	a	DET
emaj-33	304	62	g	g	NOUN
emaj-33	304	63	e	e	NOUN
emaj-33	304	64	|	|	ADV
emaj-33	304	65	65	65	NUM
emaj-33	304	66	5.conclusion	5.conclusion	NUM
emaj-33	304	67	this	this	DET
emaj-33	304	68	study	study	NOUN
emaj-33	304	69	aims	aim	VERB
emaj-33	304	70	to	to	PART
emaj-33	304	71	use	use	VERB
emaj-33	304	72	correspondence	correspondence	NOUN
emaj-33	304	73	between	between	ADP
emaj-33	304	74	corporate	corporate	ADJ
emaj-33	304	75	governance	governance	NOUN
emaj-33	304	76	characteristics	characteristic	NOUN
emaj-33	304	77	and	and	CCONJ
emaj-33	304	78	disclosure	disclosure	NOUN
emaj-33	304	79	quality	quality	NOUN
emaj-33	304	80	in	in	ADP
emaj-33	304	81	order	order	NOUN
emaj-33	304	82	to	to	PART
emaj-33	304	83	establish	establish	VERB
emaj-33	304	84	taxonomy	taxonomy	NOUN
emaj-33	304	85	of	of	ADP
emaj-33	304	86	tunisian	tunisian	ADJ
emaj-33	304	87	listed	list	VERB
emaj-33	304	88	firms	firm	NOUN
emaj-33	304	89	using	use	VERB
emaj-33	304	90	a	a	DET
emaj-33	304	91	new	new	ADJ
emaj-33	304	92	approach	approach	NOUN
emaj-33	304	93	based	base	VERB
emaj-33	304	94	on	on	ADP
emaj-33	304	95	the	the	DET
emaj-33	304	96	decision	decision	NOUN
emaj-33	304	97	tree	tree	NOUN
emaj-33	304	98	method	method	NOUN
emaj-33	304	99	,	,	PUNCT
emaj-33	304	100	and	and	CCONJ
emaj-33	304	101	to	to	PART
emaj-33	304	102	show	show	VERB
emaj-33	304	103	that	that	PRON
emaj-33	304	104	good	good	ADJ
emaj-33	304	105	quality	quality	NOUN
emaj-33	304	106	of	of	ADP
emaj-33	304	107	disclosure	disclosure	NOUN
emaj-33	304	108	is	be	AUX
emaj-33	304	109	related	relate	VERB
emaj-33	304	110	to	to	ADP
emaj-33	304	111	a	a	DET
emaj-33	304	112	governance	governance	NOUN
emaj-33	304	113	structure	structure	NOUN
emaj-33	304	114	specific	specific	ADJ
emaj-33	304	115	to	to	ADP
emaj-33	304	116	each	each	DET
emaj-33	304	117	firm	firm	NOUN
emaj-33	304	118	.	.	PUNCT
emaj-33	305	1	to	to	PART
emaj-33	305	2	do	do	VERB
emaj-33	305	3	this	this	PRON
emaj-33	305	4	,	,	PUNCT
emaj-33	305	5	we	we	PRON
emaj-33	305	6	started	start	VERB
emaj-33	305	7	by	by	ADP
emaj-33	305	8	constructing	construct	VERB
emaj-33	305	9	an	an	DET
emaj-33	305	10	index	index	NOUN
emaj-33	305	11	allowing	allow	VERB
emaj-33	305	12	to	to	PART
emaj-33	305	13	assess	assess	VERB
emaj-33	305	14	the	the	DET
emaj-33	305	15	extent	extent	NOUN
emaj-33	305	16	of	of	ADP
emaj-33	305	17	the	the	DET
emaj-33	305	18	quality	quality	NOUN
emaj-33	305	19	of	of	ADP
emaj-33	305	20	disclosure	disclosure	NOUN
emaj-33	305	21	in	in	ADP
emaj-33	305	22	annual	annual	ADJ
emaj-33	305	23	reports	report	NOUN
emaj-33	305	24	for	for	ADP
emaj-33	305	25	tunisian	tunisian	ADJ
emaj-33	305	26	listed	list	VERB
emaj-33	305	27	firms	firm	NOUN
emaj-33	305	28	.	.	PUNCT
emaj-33	306	1	indeed	indeed	ADV
emaj-33	306	2	,	,	PUNCT
emaj-33	306	3	the	the	DET
emaj-33	306	4	disclosure	disclosure	NOUN
emaj-33	306	5	quality	quality	NOUN
emaj-33	306	6	is	be	AUX
emaj-33	306	7	appreciated	appreciate	VERB
emaj-33	306	8	through	through	ADP
emaj-33	306	9	the	the	DET
emaj-33	306	10	quantity	quantity	NOUN
emaj-33	306	11	and	and	CCONJ
emaj-33	306	12	also	also	ADV
emaj-33	306	13	through	through	ADP
emaj-33	306	14	the	the	DET
emaj-33	306	15	nature	nature	NOUN
emaj-33	306	16	(	(	PUNCT
emaj-33	306	17	type	type	NOUN
emaj-33	306	18	)	)	PUNCT
emaj-33	306	19	of	of	ADP
emaj-33	306	20	information	information	NOUN
emaj-33	306	21	disclosed	disclose	VERB
emaj-33	306	22	.	.	PUNCT
emaj-33	307	1	this	this	DET
emaj-33	307	2	idea	idea	NOUN
emaj-33	307	3	is	be	AUX
emaj-33	307	4	explained	explain	VERB
emaj-33	307	5	by	by	ADP
emaj-33	307	6	the	the	DET
emaj-33	307	7	fact	fact	NOUN
emaj-33	307	8	that	that	SCONJ
emaj-33	307	9	an	an	DET
emaj-33	307	10	overall	overall	ADJ
emaj-33	307	11	score	score	NOUN
emaj-33	307	12	of	of	ADP
emaj-33	307	13	disclosure	disclosure	NOUN
emaj-33	307	14	may	may	AUX
emaj-33	307	15	not	not	PART
emaj-33	307	16	reflect	reflect	VERB
emaj-33	307	17	the	the	DET
emaj-33	307	18	actual	actual	ADJ
emaj-33	307	19	strategy	strategy	NOUN
emaj-33	307	20	of	of	ADP
emaj-33	307	21	disclosure	disclosure	NOUN
emaj-33	307	22	of	of	ADP
emaj-33	307	23	the	the	DET
emaj-33	307	24	company	company	NOUN
emaj-33	307	25	in	in	ADP
emaj-33	307	26	question	question	NOUN
emaj-33	307	27	.	.	PUNCT
emaj-33	308	1	a	a	DET
emaj-33	308	2	firm	firm	NOUN
emaj-33	308	3	may	may	AUX
emaj-33	308	4	have	have	VERB
emaj-33	308	5	a	a	DET
emaj-33	308	6	good	good	ADJ
emaj-33	308	7	score	score	NOUN
emaj-33	308	8	of	of	ADP
emaj-33	308	9	disclosure	disclosure	NOUN
emaj-33	308	10	but	but	CCONJ
emaj-33	308	11	the	the	DET
emaj-33	308	12	disclosed	disclose	VERB
emaj-33	308	13	information	information	NOUN
emaj-33	308	14	is	be	AUX
emaj-33	308	15	not	not	PART
emaj-33	308	16	important	important	ADJ
emaj-33	308	17	for	for	ADP
emaj-33	308	18	investors	investor	NOUN
emaj-33	308	19	.	.	PUNCT
emaj-33	309	1	this	this	DET
emaj-33	309	2	work	work	NOUN
emaj-33	309	3	has	have	AUX
emaj-33	309	4	enabled	enable	VERB
emaj-33	309	5	us	we	PRON
emaj-33	309	6	to	to	PART
emaj-33	309	7	calculate	calculate	VERB
emaj-33	309	8	,	,	PUNCT
emaj-33	309	9	for	for	ADP
emaj-33	309	10	each	each	DET
emaj-33	309	11	company	company	NOUN
emaj-33	309	12	,	,	PUNCT
emaj-33	309	13	five	five	NUM
emaj-33	309	14	indexes	index	NOUN
emaj-33	309	15	measuring	measure	VERB
emaj-33	309	16	the	the	DET
emaj-33	309	17	extent	extent	NOUN
emaj-33	309	18	of	of	ADP
emaj-33	309	19	the	the	DET
emaj-33	309	20	quality	quality	NOUN
emaj-33	309	21	of	of	ADP
emaj-33	309	22	disclosure	disclosure	NOUN
emaj-33	309	23	by	by	ADP
emaj-33	309	24	type	type	NOUN
emaj-33	309	25	of	of	ADP
emaj-33	309	26	information	information	NOUN
emaj-33	309	27	disclosed	disclose	VERB
emaj-33	309	28	in	in	ADP
emaj-33	309	29	the	the	DET
emaj-33	309	30	next	next	ADJ
emaj-33	309	31	step	step	NOUN
emaj-33	309	32	,	,	PUNCT
emaj-33	309	33	we	we	PRON
emaj-33	309	34	tried	try	VERB
emaj-33	309	35	to	to	PART
emaj-33	309	36	relate	relate	VERB
emaj-33	309	37	scores	score	NOUN
emaj-33	309	38	of	of	ADP
emaj-33	309	39	information	information	NOUN
emaj-33	309	40	disclosure	disclosure	NOUN
emaj-33	309	41	to	to	ADP
emaj-33	309	42	corporate	corporate	ADJ
emaj-33	309	43	governance	governance	NOUN
emaj-33	309	44	characteristics	characteristic	NOUN
emaj-33	309	45	of	of	ADP
emaj-33	309	46	tunisian	tunisian	ADJ
emaj-33	309	47	listed	list	VERB
emaj-33	309	48	firms	firm	NOUN
emaj-33	309	49	.	.	PUNCT
emaj-33	310	1	tree	tree	NOUN
emaj-33	310	2	diagrams	diagram	NOUN
emaj-33	310	3	obtained	obtain	VERB
emaj-33	310	4	provide	provide	VERB
emaj-33	310	5	the	the	DET
emaj-33	310	6	means	mean	NOUN
emaj-33	310	7	to	to	PART
emaj-33	310	8	know	know	VERB
emaj-33	310	9	the	the	DET
emaj-33	310	10	characteristics	characteristic	NOUN
emaj-33	310	11	of	of	ADP
emaj-33	310	12	a	a	DET
emaj-33	310	13	particular	particular	ADJ
emaj-33	310	14	firm	firm	NOUN
emaj-33	310	15	regardless	regardless	ADV
emaj-33	310	16	of	of	ADP
emaj-33	310	17	its	its	PRON
emaj-33	310	18	level	level	NOUN
emaj-33	310	19	of	of	ADP
emaj-33	310	20	disclosure	disclosure	NOUN
emaj-33	310	21	.	.	PUNCT
emaj-33	311	1	they	they	PRON
emaj-33	311	2	enable	enable	VERB
emaj-33	311	3	to	to	PART
emaj-33	311	4	identify	identify	VERB
emaj-33	311	5	corporate	corporate	ADJ
emaj-33	311	6	governance	governance	NOUN
emaj-33	311	7	factors	factor	NOUN
emaj-33	311	8	of	of	ADP
emaj-33	311	9	its	its	PRON
emaj-33	311	10	quality	quality	NOUN
emaj-33	311	11	of	of	ADP
emaj-33	311	12	disclosure	disclosure	NOUN
emaj-33	311	13	for	for	ADP
emaj-33	311	14	any	any	DET
emaj-33	311	15	types	type	NOUN
emaj-33	311	16	of	of	ADP
emaj-33	311	17	information	information	NOUN
emaj-33	311	18	for	for	ADP
emaj-33	311	19	each	each	DET
emaj-33	311	20	company	company	NOUN
emaj-33	311	21	,	,	PUNCT
emaj-33	311	22	and	and	CCONJ
emaj-33	311	23	in	in	ADP
emaj-33	311	24	any	any	DET
emaj-33	311	25	date	date	NOUN
emaj-33	311	26	.	.	PUNCT
emaj-33	312	1	more	more	ADV
emaj-33	312	2	specifically	specifically	ADV
emaj-33	312	3	and	and	CCONJ
emaj-33	312	4	everything	everything	PRON
emaj-33	312	5	being	be	AUX
emaj-33	312	6	equal	equal	ADJ
emaj-33	312	7	,	,	PUNCT
emaj-33	312	8	this	this	DET
emaj-33	312	9	tree	tree	NOUN
emaj-33	312	10	makes	make	VERB
emaj-33	312	11	a	a	DET
emaj-33	312	12	decision	decision	NOUN
emaj-33	312	13	rule	rule	NOUN
emaj-33	312	14	that	that	PRON
emaj-33	312	15	allows	allow	VERB
emaj-33	312	16	the	the	DET
emaj-33	312	17	company	company	NOUN
emaj-33	312	18	to	to	PART
emaj-33	312	19	know	know	VERB
emaj-33	312	20	its	its	PRON
emaj-33	312	21	level	level	NOUN
emaj-33	312	22	of	of	ADP
emaj-33	312	23	disclosure	disclosure	NOUN
emaj-33	312	24	based	base	VERB
emaj-33	312	25	on	on	ADP
emaj-33	312	26	certain	certain	ADJ
emaj-33	312	27	characteristics	characteristic	NOUN
emaj-33	312	28	of	of	ADP
emaj-33	312	29	the	the	DET
emaj-33	312	30	strategy	strategy	NOUN
emaj-33	312	31	of	of	ADP
emaj-33	312	32	governance	governance	NOUN
emaj-33	312	33	adopted	adopt	VERB
emaj-33	312	34	by	by	ADP
emaj-33	312	35	the	the	DET
emaj-33	312	36	latter	latter	ADJ
emaj-33	312	37	.	.	PUNCT
emaj-33	313	1	add	add	VERB
emaj-33	313	2	that	that	SCONJ
emaj-33	313	3	we	we	PRON
emaj-33	313	4	were	be	AUX
emaj-33	313	5	able	able	ADJ
emaj-33	313	6	to	to	PART
emaj-33	313	7	identify	identify	VERB
emaj-33	313	8	several	several	ADJ
emaj-33	313	9	groups	group	NOUN
emaj-33	313	10	reflecting	reflect	VERB
emaj-33	313	11	a	a	DET
emaj-33	313	12	difference	difference	NOUN
emaj-33	313	13	in	in	ADP
emaj-33	313	14	the	the	DET
emaj-33	313	15	structures	structure	NOUN
emaj-33	313	16	of	of	ADP
emaj-33	313	17	governance	governance	NOUN
emaj-33	313	18	but	but	CCONJ
emaj-33	313	19	whose	whose	DET
emaj-33	313	20	objective	objective	NOUN
emaj-33	313	21	is	be	AUX
emaj-33	313	22	the	the	DET
emaj-33	313	23	same	same	ADJ
emaj-33	313	24	:	:	PUNCT
emaj-33	313	25	improving	improve	VERB
emaj-33	313	26	the	the	DET
emaj-33	313	27	disclosure	disclosure	NOUN
emaj-33	313	28	quality	quality	NOUN
emaj-33	313	29	.	.	PUNCT
emaj-33	314	1	these	these	DET
emaj-33	314	2	results	result	NOUN
emaj-33	314	3	show	show	VERB
emaj-33	314	4	that	that	SCONJ
emaj-33	314	5	the	the	DET
emaj-33	314	6	characteristics	characteristic	NOUN
emaj-33	314	7	of	of	ADP
emaj-33	314	8	corporate	corporate	ADJ
emaj-33	314	9	governance	governance	NOUN
emaj-33	314	10	to	to	PART
emaj-33	314	11	achieve	achieve	VERB
emaj-33	314	12	the	the	DET
emaj-33	314	13	high	high	ADJ
emaj-33	314	14	quality	quality	NOUN
emaj-33	314	15	of	of	ADP
emaj-33	314	16	disclosure	disclosure	NOUN
emaj-33	314	17	are	be	AUX
emaj-33	314	18	not	not	PART
emaj-33	314	19	unique	unique	ADJ
emaj-33	314	20	for	for	ADP
emaj-33	314	21	all	all	DET
emaj-33	314	22	businesses	business	NOUN
emaj-33	314	23	.	.	PUNCT
emaj-33	315	1	indeed	indeed	ADV
emaj-33	315	2	,	,	PUNCT
emaj-33	315	3	although	although	SCONJ
emaj-33	315	4	there	there	PRON
emaj-33	315	5	are	be	VERB
emaj-33	315	6	governance	governance	NOUN
emaj-33	315	7	standards	standard	NOUN
emaj-33	315	8	that	that	PRON
emaj-33	315	9	should	should	AUX
emaj-33	315	10	be	be	AUX
emaj-33	315	11	adopted	adopt	VERB
emaj-33	315	12	by	by	ADP
emaj-33	315	13	firms	firm	NOUN
emaj-33	315	14	,	,	PUNCT
emaj-33	315	15	they	they	PRON
emaj-33	315	16	may	may	AUX
emaj-33	315	17	not	not	PART
emaj-33	315	18	be	be	AUX
emaj-33	315	19	respected	respect	VERB
emaj-33	315	20	all	all	ADV
emaj-33	315	21	at	at	ADV
emaj-33	315	22	once	once	ADV
emaj-33	315	23	.	.	PUNCT
emaj-33	316	1	in	in	ADP
emaj-33	316	2	other	other	ADJ
emaj-33	316	3	words	word	NOUN
emaj-33	316	4	,	,	PUNCT
emaj-33	316	5	a	a	DET
emaj-33	316	6	company	company	NOUN
emaj-33	316	7	can	can	AUX
emaj-33	316	8	,	,	PUNCT
emaj-33	316	9	for	for	ADP
emaj-33	316	10	example	example	NOUN
emaj-33	316	11	,	,	PUNCT
emaj-33	316	12	have	have	VERB
emaj-33	316	13	a	a	DET
emaj-33	316	14	large	large	ADJ
emaj-33	316	15	board	board	NOUN
emaj-33	316	16	of	of	ADP
emaj-33	316	17	directors	director	NOUN
emaj-33	316	18	(	(	PUNCT
emaj-33	316	19	which	which	PRON
emaj-33	316	20	is	be	AUX
emaj-33	316	21	not	not	PART
emaj-33	316	22	recommended	recommend	VERB
emaj-33	316	23	by	by	ADP
emaj-33	316	24	most	most	ADJ
emaj-33	316	25	of	of	ADP
emaj-33	316	26	the	the	DET
emaj-33	316	27	codes	code	NOUN
emaj-33	316	28	of	of	ADP
emaj-33	316	29	best	good	ADJ
emaj-33	316	30	practices	practice	NOUN
emaj-33	316	31	)	)	PUNCT
emaj-33	316	32	,	,	PUNCT
emaj-33	316	33	but	but	CCONJ
emaj-33	316	34	can	can	AUX
emaj-33	316	35	have	have	VERB
emaj-33	316	36	a	a	DET
emaj-33	316	37	good	good	ADJ
emaj-33	316	38	quality	quality	NOUN
emaj-33	316	39	of	of	ADP
emaj-33	316	40	disclosure	disclosure	NOUN
emaj-33	316	41	.	.	PUNCT
emaj-33	317	1	this	this	PRON
emaj-33	317	2	shows	show	VERB
emaj-33	317	3	the	the	DET
emaj-33	317	4	complementarities	complementarity	NOUN
emaj-33	317	5	of	of	ADP
emaj-33	317	6	governance	governance	NOUN
emaj-33	317	7	characteristics	characteristic	NOUN
emaj-33	317	8	:	:	PUNCT
emaj-33	317	9	governance	governance	NOUN
emaj-33	317	10	is	be	AUX
emaj-33	317	11	a	a	DET
emaj-33	317	12	brand	brand	NOUN
emaj-33	317	13	,	,	PUNCT
emaj-33	317	14	a	a	DET
emaj-33	317	15	set	set	NOUN
emaj-33	317	16	of	of	ADP
emaj-33	317	17	practices	practice	NOUN
emaj-33	317	18	that	that	PRON
emaj-33	317	19	it	it	PRON
emaj-33	317	20	is	be	AUX
emaj-33	317	21	impossible	impossible	ADJ
emaj-33	317	22	to	to	PART
emaj-33	317	23	ungroup	ungroup	VERB
emaj-33	317	24	them	they	PRON
emaj-33	317	25	.	.	PUNCT
emaj-33	318	1	therefore	therefore	ADV
emaj-33	318	2	,	,	PUNCT
emaj-33	318	3	it	it	PRON
emaj-33	318	4	is	be	AUX
emaj-33	318	5	more	more	ADV
emaj-33	318	6	interested	interested	ADJ
emaj-33	318	7	to	to	PART
emaj-33	318	8	treat	treat	VERB
emaj-33	318	9	these	these	DET
emaj-33	318	10	mechanisms	mechanism	NOUN
emaj-33	318	11	together	together	ADV
emaj-33	318	12	and	and	CCONJ
emaj-33	318	13	to	to	PART
emaj-33	318	14	identify	identify	VERB
emaj-33	318	15	for	for	ADP
emaj-33	318	16	each	each	DET
emaj-33	318	17	firm	firm	NOUN
emaj-33	318	18	a	a	DET
emaj-33	318	19	corporate	corporate	ADJ
emaj-33	318	20	governance	governance	NOUN
emaj-33	318	21	target	target	NOUN
emaj-33	318	22	structure	structure	NOUN
emaj-33	318	23	,	,	PUNCT
emaj-33	318	24	related	relate	VERB
emaj-33	318	25	to	to	ADP
emaj-33	318	26	a	a	DET
emaj-33	318	27	good	good	ADJ
emaj-33	318	28	quality	quality	NOUN
emaj-33	318	29	of	of	ADP
emaj-33	318	30	disclosure	disclosure	NOUN
emaj-33	318	31	.	.	PUNCT
emaj-33	319	1	these	these	DET
emaj-33	319	2	structures	structure	NOUN
emaj-33	319	3	are	be	AUX
emaj-33	319	4	not	not	PART
emaj-33	319	5	necessarily	necessarily	ADV
emaj-33	319	6	all	all	DET
emaj-33	319	7	good	good	ADJ
emaj-33	319	8	practice	practice	NOUN
emaj-33	319	9	recommendations	recommendation	NOUN
emaj-33	319	10	,	,	PUNCT
emaj-33	319	11	but	but	CCONJ
emaj-33	319	12	converge	converge	VERB
emaj-33	319	13	towards	towards	ADP
emaj-33	319	14	the	the	DET
emaj-33	319	15	best	good	ADJ
emaj-33	319	16	combination	combination	NOUN
emaj-33	319	17	.	.	PUNCT
emaj-33	320	1	indeed	indeed	ADV
emaj-33	320	2	,	,	PUNCT
emaj-33	320	3	in	in	ADP
emaj-33	320	4	practice	practice	NOUN
emaj-33	320	5	,	,	PUNCT
emaj-33	320	6	there	there	PRON
emaj-33	320	7	are	be	VERB
emaj-33	320	8	companies	company	NOUN
emaj-33	320	9	that	that	PRON
emaj-33	320	10	have	have	VERB
emaj-33	320	11	a	a	DET
emaj-33	320	12	good	good	ADJ
emaj-33	320	13	quality	quality	NOUN
emaj-33	320	14	of	of	ADP
emaj-33	320	15	disclosure	disclosure	NOUN
emaj-33	320	16	but	but	CCONJ
emaj-33	320	17	that	that	PRON
emaj-33	320	18	are	be	AUX
emaj-33	320	19	not	not	PART
emaj-33	320	20	well	well	ADV
emaj-33	320	21	-	-	PUNCT
emaj-33	320	22	governed	govern	VERB
emaj-33	320	23	.	.	PUNCT
emaj-33	321	1	however	however	ADV
emaj-33	321	2	,	,	PUNCT
emaj-33	321	3	we	we	PRON
emaj-33	321	4	can	can	AUX
emaj-33	321	5	estimate	estimate	VERB
emaj-33	321	6	that	that	SCONJ
emaj-33	321	7	by	by	ADP
emaj-33	321	8	improving	improve	VERB
emaj-33	321	9	their	their	PRON
emaj-33	321	10	system	system	NOUN
emaj-33	321	11	of	of	ADP
emaj-33	321	12	governance	governance	NOUN
emaj-33	321	13	their	their	PRON
emaj-33	321	14	level	level	NOUN
emaj-33	321	15	of	of	ADP
emaj-33	321	16	disclosure	disclosure	NOUN
emaj-33	321	17	may	may	AUX
emaj-33	321	18	be	be	AUX
emaj-33	321	19	best	good	ADJ
emaj-33	321	20	.	.	PUNCT
emaj-33	322	1	dr	dr	PROPN
emaj-33	322	2	.	.	PROPN
emaj-33	322	3	wided	wide	VERB
emaj-33	322	4	khiari	khiari	PROPN
emaj-33	322	5	p	p	PROPN
emaj-33	322	6	a	a	DET
emaj-33	322	7	g	g	NOUN
emaj-33	322	8	e	e	NOUN
emaj-33	322	9	|	|	ADV
emaj-33	322	10	66|	66|	NUM
emaj-33	322	11	emerging	emerge	VERB
emaj-33	322	12	markets	market	NOUN
emaj-33	322	13	journal	journal	NOUN
emaj-33	322	14	volume	volume	NOUN
emaj-33	322	15	3	3	NUM
emaj-33	322	16	no	no	DET
emaj-33	322	17	2	2	NUM
emaj-33	322	18	(	(	PUNCT
emaj-33	322	19	2013	2013	NUM
emaj-33	322	20	)	)	PUNCT
emaj-33	322	21	|	|	ADV
emaj-33	322	22	issn	issn	VERB
emaj-33	322	23	2158	2158	NUM
emaj-33	322	24	-	-	SYM
emaj-33	322	25	8708	8708	NUM
emaj-33	322	26	(	(	PUNCT
emaj-33	322	27	online	online	NOUN
emaj-33	322	28	)	)	PUNCT
emaj-33	323	1	|	|	ADV
emaj-33	323	2	10.5195	10.5195	NUM
emaj-33	323	3	/	/	SYM
emaj-33	323	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	323	5	|	|	NOUN
emaj-33	323	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	323	7	these	these	DET
emaj-33	323	8	results	result	NOUN
emaj-33	323	9	show	show	VERB
emaj-33	323	10	,	,	PUNCT
emaj-33	323	11	in	in	ADP
emaj-33	323	12	a	a	DET
emaj-33	323	13	general	general	ADJ
emaj-33	323	14	way	way	NOUN
emaj-33	323	15	,	,	PUNCT
emaj-33	323	16	a	a	DET
emaj-33	323	17	convergence	convergence	NOUN
emaj-33	323	18	towards	towards	ADP
emaj-33	323	19	the	the	DET
emaj-33	323	20	standards	standard	NOUN
emaj-33	323	21	of	of	ADP
emaj-33	323	22	corporate	corporate	ADJ
emaj-33	323	23	governance	governance	NOUN
emaj-33	323	24	with	with	ADP
emaj-33	323	25	a	a	DET
emaj-33	323	26	few	few	ADJ
emaj-33	323	27	exceptions	exception	NOUN
emaj-33	323	28	that	that	PRON
emaj-33	323	29	are	be	AUX
emaj-33	323	30	not	not	PART
emaj-33	323	31	such	such	ADJ
emaj-33	323	32	as	as	ADP
emaj-33	323	33	to	to	PART
emaj-33	323	34	call	call	VERB
emaj-33	323	35	in	in	ADP
emaj-33	323	36	question	question	NOUN
emaj-33	323	37	the	the	DET
emaj-33	323	38	corporate	corporate	ADJ
emaj-33	323	39	governance	governance	NOUN
emaj-33	323	40	best	good	ADJ
emaj-33	323	41	practices	practice	NOUN
emaj-33	323	42	,	,	PUNCT
emaj-33	323	43	but	but	CCONJ
emaj-33	323	44	to	to	PART
emaj-33	323	45	show	show	VERB
emaj-33	323	46	the	the	DET
emaj-33	323	47	specificity	specificity	NOUN
emaj-33	323	48	of	of	ADP
emaj-33	323	49	tunisian	tunisian	ADJ
emaj-33	323	50	listed	list	VERB
emaj-33	323	51	firms	firm	NOUN
emaj-33	323	52	and	and	CCONJ
emaj-33	323	53	show	show	VERB
emaj-33	323	54	the	the	DET
emaj-33	323	55	need	need	NOUN
emaj-33	323	56	for	for	ADP
emaj-33	323	57	the	the	DET
emaj-33	323	58	adoption	adoption	NOUN
emaj-33	323	59	of	of	ADP
emaj-33	323	60	a	a	DET
emaj-33	323	61	code	code	NOUN
emaj-33	323	62	for	for	ADP
emaj-33	323	63	each	each	DET
emaj-33	323	64	context	context	NOUN
emaj-33	323	65	.	.	PUNCT
emaj-33	324	1	volume	volume	NOUN
emaj-33	324	2	3	3	NUM
emaj-33	324	3	no	no	DET
emaj-33	324	4	2	2	NUM
emaj-33	324	5	(	(	PUNCT
emaj-33	324	6	2013	2013	NUM
emaj-33	324	7	)	)	PUNCT
emaj-33	324	8	|	|	ADV
emaj-33	324	9	issn	issn	VERB
emaj-33	324	10	2158	2158	NUM
emaj-33	324	11	-	-	SYM
emaj-33	324	12	8708	8708	NUM
emaj-33	324	13	(	(	PUNCT
emaj-33	324	14	online	online	NOUN
emaj-33	324	15	)	)	PUNCT
emaj-33	325	1	|	|	ADV
emaj-33	325	2	10.5195	10.5195	NUM
emaj-33	325	3	/	/	SYM
emaj-33	325	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	325	5	|	|	NOUN
emaj-33	325	6	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	325	7	corporate	corporate	ADJ
emaj-33	325	8	governance	governance	NOUN
emaj-33	325	9	and	and	CCONJ
emaj-33	325	10	disclosure	disclosure	NOUN
emaj-33	325	11	quality	quality	NOUN
emaj-33	325	12	:	:	PUNCT
emaj-33	325	13	taxonomy	taxonomy	NOUN
emaj-33	325	14	of	of	ADP
emaj-33	325	15	tunisian	tunisian	ADJ
emaj-33	325	16	listed	list	VERB
emaj-33	325	17	firms	firm	NOUN
emaj-33	325	18	using	use	VERB
emaj-33	325	19	the	the	DET
emaj-33	325	20	decision	decision	NOUN
emaj-33	325	21	tree	tree	NOUN
emaj-33	325	22	method	method	NOUN
emaj-33	325	23	based	base	VERB
emaj-33	325	24	approach	approach	NOUN
emaj-33	325	25	emerging	emerge	VERB
emaj-33	325	26	markets	market	NOUN
emaj-33	325	27	journal	journal	NOUN
emaj-33	325	28	|	|	ADV
emaj-33	325	29	p	p	NOUN
emaj-33	325	30	a	a	DET
emaj-33	325	31	g	g	NOUN
emaj-33	325	32	e	e	NOUN
emaj-33	325	33	|	|	ADV
emaj-33	325	34	67	67	NUM
emaj-33	325	35	references	reference	NOUN
emaj-33	325	36	archambault	archambault	PROPN
emaj-33	325	37	,	,	PUNCT
emaj-33	325	38	j.j	j.j	PROPN
emaj-33	325	39	.	.	PROPN
emaj-33	325	40	&	&	CCONJ
emaj-33	325	41	archambault	archambault	PROPN
emaj-33	325	42	,	,	PUNCT
emaj-33	325	43	m.e	m.e	PROPN
emaj-33	325	44	.	.	PROPN
emaj-33	325	45	(	(	PUNCT
emaj-33	325	46	2003	2003	NUM
emaj-33	325	47	)	)	PUNCT
emaj-33	325	48	,	,	PUNCT
emaj-33	325	49	“	"	PUNCT
emaj-33	325	50	a	a	DET
emaj-33	325	51	multinational	multinational	ADJ
emaj-33	325	52	test	test	NOUN
emaj-33	325	53	of	of	ADP
emaj-33	325	54	determinants	determinant	NOUN
emaj-33	325	55	of	of	ADP
emaj-33	325	56	corporate	corporate	ADJ
emaj-33	325	57	disclosure	disclosure	NOUN
emaj-33	325	58	”	"	PUNCT
emaj-33	325	59	,	,	PUNCT
emaj-33	325	60	the	the	DET
emaj-33	325	61	international	international	ADJ
emaj-33	325	62	journal	journal	NOUN
emaj-33	325	63	of	of	ADP
emaj-33	325	64	accounting	accounting	NOUN
emaj-33	325	65	,	,	PUNCT
emaj-33	325	66	vol	vol	NOUN
emaj-33	325	67	.	.	PROPN
emaj-33	326	1	38	38	NUM
emaj-33	326	2	n.	n.	NOUN
emaj-33	326	3	2	2	NUM
emaj-33	326	4	,	,	PUNCT
emaj-33	326	5	pp	pp	ADV
emaj-33	326	6	173	173	NUM
emaj-33	326	7	-	-	SYM
emaj-33	326	8	194	194	NUM
emaj-33	326	9	.	.	PUNCT
emaj-33	327	1	bushee	bushee	PROPN
emaj-33	327	2	,	,	PUNCT
emaj-33	327	3	b.	b.	PROPN
emaj-33	327	4	,	,	PUNCT
emaj-33	327	5	&	&	CCONJ
emaj-33	327	6	noe	noe	PROPN
emaj-33	327	7	,	,	PUNCT
emaj-33	327	8	c.	c.	PROPN
emaj-33	327	9	(	(	PUNCT
emaj-33	327	10	2000	2000	NUM
emaj-33	327	11	)	)	PUNCT
emaj-33	327	12	,	,	PUNCT
emaj-33	327	13	“	"	PUNCT
emaj-33	327	14	corporate	corporate	ADJ
emaj-33	327	15	disclosure	disclosure	NOUN
emaj-33	327	16	practices	practice	NOUN
emaj-33	327	17	,	,	PUNCT
emaj-33	327	18	institutional	institutional	ADJ
emaj-33	327	19	investors	investor	NOUN
emaj-33	327	20	,	,	PUNCT
emaj-33	327	21	and	and	CCONJ
emaj-33	327	22	stock	stock	NOUN
emaj-33	327	23	return	return	NOUN
emaj-33	327	24	volatility	volatility	NOUN
emaj-33	327	25	”	"	PUNCT
emaj-33	327	26	,	,	PUNCT
emaj-33	327	27	journal	journal	NOUN
emaj-33	327	28	of	of	ADP
emaj-33	327	29	accounting	accounting	NOUN
emaj-33	327	30	research	research	NOUN
emaj-33	327	31	,	,	PUNCT
emaj-33	327	32	vol	vol	NOUN
emaj-33	327	33	.	.	PROPN
emaj-33	327	34	38	38	NUM
emaj-33	327	35	,	,	PUNCT
emaj-33	327	36	pp	pp	ADV
emaj-33	327	37	171	171	NUM
emaj-33	327	38	-	-	SYM
emaj-33	327	39	202	202	NUM
emaj-33	327	40	.	.	PUNCT
emaj-33	328	1	chau	chau	PROPN
emaj-33	328	2	,	,	PUNCT
emaj-33	328	3	g.k	g.k	PROPN
emaj-33	328	4	.	.	PROPN
emaj-33	328	5	&	&	CCONJ
emaj-33	328	6	gray	gray	PROPN
emaj-33	328	7	,	,	PUNCT
emaj-33	328	8	s.j	s.j	PROPN
emaj-33	328	9	.	.	PROPN
emaj-33	328	10	(	(	PUNCT
emaj-33	328	11	2002	2002	NUM
emaj-33	328	12	)	)	PUNCT
emaj-33	328	13	,	,	PUNCT
emaj-33	328	14	“	"	PUNCT
emaj-33	328	15	ownership	ownership	NOUN
emaj-33	328	16	structure	structure	NOUN
emaj-33	328	17	and	and	CCONJ
emaj-33	328	18	corporate	corporate	ADJ
emaj-33	328	19	voluntary	voluntary	ADJ
emaj-33	328	20	disclosure	disclosure	NOUN
emaj-33	328	21	in	in	ADP
emaj-33	328	22	hong	hong	PROPN
emaj-33	328	23	kong	kong	PROPN
emaj-33	328	24	and	and	CCONJ
emaj-33	328	25	singapore	singapore	PROPN
emaj-33	328	26	”	"	PUNCT
emaj-33	328	27	,	,	PUNCT
emaj-33	328	28	the	the	DET
emaj-33	328	29	international	international	ADJ
emaj-33	328	30	journal	journal	NOUN
emaj-33	328	31	of	of	ADP
emaj-33	328	32	accounting	accounting	NOUN
emaj-33	328	33	,	,	PUNCT
emaj-33	328	34	vol	vol	NOUN
emaj-33	328	35	.	.	PROPN
emaj-33	328	36	37	37	NUM
emaj-33	328	37	,	,	PUNCT
emaj-33	328	38	pp	pp	ADV
emaj-33	328	39	247	247	NUM
emaj-33	328	40	–	–	PUNCT
emaj-33	328	41	265	265	NUM
emaj-33	328	42	.	.	PUNCT
emaj-33	329	1	chen	chen	PROPN
emaj-33	329	2	,	,	PUNCT
emaj-33	329	3	c.j.p	c.j.p	PROPN
emaj-33	329	4	.	.	PUNCT
emaj-33	329	5	and	and	CCONJ
emaj-33	329	6	jaggi	jaggi	PROPN
emaj-33	329	7	,	,	PUNCT
emaj-33	329	8	b.	b.	PROPN
emaj-33	329	9	(	(	PUNCT
emaj-33	329	10	2000	2000	NUM
emaj-33	329	11	)	)	PUNCT
emaj-33	329	12	,	,	PUNCT
emaj-33	329	13	“	"	PUNCT
emaj-33	329	14	association	association	NOUN
emaj-33	329	15	between	between	ADP
emaj-33	329	16	independent	independent	ADJ
emaj-33	329	17	non	non	ADJ
emaj-33	329	18	executive	executive	ADJ
emaj-33	329	19	directors	director	NOUN
emaj-33	329	20	,	,	PUNCT
emaj-33	329	21	family	family	NOUN
emaj-33	329	22	control	control	NOUN
emaj-33	329	23	and	and	CCONJ
emaj-33	329	24	financial	financial	ADJ
emaj-33	329	25	disclosure	disclosure	NOUN
emaj-33	329	26	in	in	ADP
emaj-33	329	27	hong	hong	PROPN
emaj-33	329	28	kong	kong	PROPN
emaj-33	329	29	”	"	PUNCT
emaj-33	329	30	,	,	PUNCT
emaj-33	329	31	journal	journal	NOUN
emaj-33	329	32	of	of	ADP
emaj-33	329	33	accounting	accounting	NOUN
emaj-33	329	34	and	and	CCONJ
emaj-33	329	35	public	public	ADJ
emaj-33	329	36	policy	policy	NOUN
emaj-33	329	37	,	,	PUNCT
emaj-33	329	38	vol	vol	NOUN
emaj-33	329	39	.	.	PROPN
emaj-33	329	40	19	19	NUM
emaj-33	329	41	,	,	PUNCT
emaj-33	329	42	pp	pp	ADV
emaj-33	329	43	285	285	NUM
emaj-33	329	44	-	-	SYM
emaj-33	329	45	310	310	NUM
emaj-33	329	46	.	.	PUNCT
emaj-33	330	1	el	el	NOUN
emaj-33	330	2	-	-	PUNCT
emaj-33	330	3	gazzar	gazzar	PROPN
emaj-33	330	4	,	,	PUNCT
emaj-33	330	5	s.m	s.m	PROPN
emaj-33	330	6	.	.	PROPN
emaj-33	330	7	(	(	PUNCT
emaj-33	330	8	1998	1998	NUM
emaj-33	330	9	)	)	PUNCT
emaj-33	330	10	,	,	PUNCT
emaj-33	330	11	“	"	PUNCT
emaj-33	330	12	predisclosure	predisclosure	NOUN
emaj-33	330	13	information	information	NOUN
emaj-33	330	14	and	and	CCONJ
emaj-33	330	15	institutional	institutional	ADJ
emaj-33	330	16	ownership	ownership	NOUN
emaj-33	330	17	:	:	PUNCT
emaj-33	330	18	a	a	DET
emaj-33	330	19	crosssectional	crosssectional	ADJ
emaj-33	330	20	examination	examination	NOUN
emaj-33	330	21	of	of	ADP
emaj-33	330	22	market	market	NOUN
emaj-33	330	23	revaluations	revaluation	NOUN
emaj-33	330	24	during	during	ADP
emaj-33	330	25	earnings	earning	NOUN
emaj-33	330	26	announcement	announcement	NOUN
emaj-33	330	27	periods	period	NOUN
emaj-33	330	28	”	"	PUNCT
emaj-33	330	29	,	,	PUNCT
emaj-33	330	30	the	the	DET
emaj-33	330	31	accounting	accounting	NOUN
emaj-33	330	32	review	review	NOUN
emaj-33	330	33	,	,	PUNCT
emaj-33	330	34	vol	vol	NOUN
emaj-33	330	35	.	.	PUNCT
emaj-33	331	1	73	73	NUM
emaj-33	331	2	n.	n.	NOUN
emaj-33	331	3	1	1	NUM
emaj-33	331	4	,	,	PUNCT
emaj-33	331	5	pp	pp	ADP
emaj-33	331	6	119–129	119–129	NUM
emaj-33	331	7	.	.	PUNCT
emaj-33	332	1	erkens	erken	NOUN
emaj-33	332	2	,	,	PUNCT
emaj-33	332	3	d.h	d.h	PROPN
emaj-33	332	4	.	.	PROPN
emaj-33	332	5	and	and	CCONJ
emaj-33	332	6	al	al	PROPN
emaj-33	332	7	.	.	PROPN
emaj-33	332	8	(	(	PUNCT
emaj-33	332	9	2012	2012	NUM
emaj-33	332	10	)	)	PUNCT
emaj-33	332	11	,	,	PUNCT
emaj-33	332	12	“	"	PUNCT
emaj-33	332	13	corporate	corporate	ADJ
emaj-33	332	14	governance	governance	NOUN
emaj-33	332	15	in	in	ADP
emaj-33	332	16	the	the	DET
emaj-33	332	17	recent	recent	ADJ
emaj-33	332	18	financial	financial	ADJ
emaj-33	332	19	crisis	crisis	NOUN
emaj-33	332	20	:	:	PUNCT
emaj-33	332	21	evidence	evidence	NOUN
emaj-33	332	22	from	from	ADP
emaj-33	332	23	financial	financial	ADJ
emaj-33	332	24	institutions	institution	NOUN
emaj-33	332	25	worldwide	worldwide	ADV
emaj-33	332	26	”	"	PUNCT
emaj-33	332	27	,	,	PUNCT
emaj-33	332	28	journal	journal	NOUN
emaj-33	332	29	of	of	ADP
emaj-33	332	30	corporate	corporate	ADJ
emaj-33	332	31	finance	finance	NOUN
emaj-33	332	32	,	,	PUNCT
emaj-33	332	33	vol	vol	NOUN
emaj-33	332	34	.	.	PROPN
emaj-33	332	35	18	18	NUM
emaj-33	332	36	,	,	PUNCT
emaj-33	332	37	pp	pp	ADV
emaj-33	332	38	389	389	NUM
emaj-33	332	39	-	-	SYM
emaj-33	332	40	411	411	NUM
emaj-33	332	41	.	.	PUNCT
emaj-33	333	1	feleaga	feleaga	PROPN
emaj-33	333	2	,	,	PUNCT
emaj-33	333	3	n.	n.	PROPN
emaj-33	333	4	and	and	CCONJ
emaj-33	333	5	al	al	PROPN
emaj-33	333	6	.	.	PROPN
emaj-33	333	7	(	(	PUNCT
emaj-33	333	8	2011	2011	NUM
emaj-33	333	9	)	)	PUNCT
emaj-33	333	10	,	,	PUNCT
emaj-33	333	11	“	"	PUNCT
emaj-33	333	12	corporate	corporate	ADJ
emaj-33	333	13	governance	governance	NOUN
emaj-33	333	14	in	in	ADP
emaj-33	333	15	emerging	emerge	VERB
emaj-33	333	16	economies	economy	NOUN
emaj-33	333	17	:	:	PUNCT
emaj-33	333	18	the	the	DET
emaj-33	333	19	case	case	NOUN
emaj-33	333	20	of	of	ADP
emaj-33	333	21	romania	romania	PROPN
emaj-33	333	22	”	"	PUNCT
emaj-33	333	23	,	,	PUNCT
emaj-33	333	24	theoretical	theoretical	ADJ
emaj-33	333	25	and	and	CCONJ
emaj-33	333	26	applied	apply	VERB
emaj-33	333	27	economics	economic	NOUN
emaj-33	333	28	,	,	PUNCT
emaj-33	333	29	vol	vol	NOUN
emaj-33	333	30	.	.	PROPN
emaj-33	333	31	8	8	NUM
emaj-33	333	32	n.	n.	NOUN
emaj-33	333	33	9	9	NUM
emaj-33	333	34	,	,	PUNCT
emaj-33	333	35	pp	pp	ADV
emaj-33	333	36	5	5	NUM
emaj-33	333	37	-	-	SYM
emaj-33	333	38	16	16	NUM
emaj-33	333	39	.	.	PUNCT
emaj-33	334	1	gelb	gelb	PROPN
emaj-33	334	2	,	,	PUNCT
emaj-33	334	3	d.s	d.s	PROPN
emaj-33	334	4	.	.	PROPN
emaj-33	334	5	(	(	PUNCT
emaj-33	334	6	2000	2000	NUM
emaj-33	334	7	)	)	PUNCT
emaj-33	334	8	,	,	PUNCT
emaj-33	334	9	“	"	PUNCT
emaj-33	334	10	managerial	managerial	ADJ
emaj-33	334	11	ownership	ownership	NOUN
emaj-33	334	12	and	and	CCONJ
emaj-33	334	13	accounting	accounting	NOUN
emaj-33	334	14	disclosure	disclosure	NOUN
emaj-33	334	15	:	:	PUNCT
emaj-33	334	16	an	an	DET
emaj-33	334	17	empirical	empirical	ADJ
emaj-33	334	18	study	study	NOUN
emaj-33	334	19	”	"	PUNCT
emaj-33	334	20	,	,	PUNCT
emaj-33	334	21	review	review	NOUN
emaj-33	334	22	of	of	ADP
emaj-33	334	23	quantitative	quantitative	ADJ
emaj-33	334	24	finance	finance	NOUN
emaj-33	334	25	and	and	CCONJ
emaj-33	334	26	accounting	accounting	NOUN
emaj-33	334	27	,	,	PUNCT
emaj-33	334	28	vol	vol	NOUN
emaj-33	334	29	.	.	PROPN
emaj-33	334	30	15	15	NUM
emaj-33	334	31	n.	n.	NOUN
emaj-33	334	32	2	2	NUM
emaj-33	334	33	,	,	PUNCT
emaj-33	334	34	pp	pp	ADV
emaj-33	334	35	169	169	NUM
emaj-33	334	36	-	-	SYM
emaj-33	334	37	185	185	NUM
emaj-33	334	38	.	.	PUNCT
emaj-33	335	1	gul	gul	PROPN
emaj-33	335	2	,	,	PUNCT
emaj-33	335	3	f.a	f.a	PROPN
emaj-33	335	4	.	.	PROPN
emaj-33	335	5	&	&	CCONJ
emaj-33	335	6	leung	leung	PROPN
emaj-33	335	7	,	,	PUNCT
emaj-33	335	8	s.	s.	PROPN
emaj-33	335	9	(	(	PUNCT
emaj-33	335	10	2004	2004	NUM
emaj-33	335	11	)	)	PUNCT
emaj-33	335	12	,	,	PUNCT
emaj-33	335	13	“	"	PUNCT
emaj-33	335	14	board	board	NOUN
emaj-33	335	15	leadership	leadership	NOUN
emaj-33	335	16	,	,	PUNCT
emaj-33	335	17	outside	outside	ADP
emaj-33	335	18	directors	director	NOUN
emaj-33	335	19	’	’	PART
emaj-33	335	20	expertise	expertise	NOUN
emaj-33	335	21	and	and	CCONJ
emaj-33	335	22	voluntary	voluntary	ADJ
emaj-33	335	23	corporate	corporate	ADJ
emaj-33	335	24	disclosures	disclosure	NOUN
emaj-33	335	25	”	"	PUNCT
emaj-33	335	26	,	,	PUNCT
emaj-33	335	27	journal	journal	NOUN
emaj-33	335	28	of	of	ADP
emaj-33	335	29	accounting	accounting	NOUN
emaj-33	335	30	and	and	CCONJ
emaj-33	335	31	public	public	ADJ
emaj-33	335	32	policy	policy	NOUN
emaj-33	335	33	,	,	PUNCT
emaj-33	335	34	vol	vol	NOUN
emaj-33	335	35	.	.	PROPN
emaj-33	335	36	23	23	NUM
emaj-33	335	37	,	,	PUNCT
emaj-33	335	38	pp	pp	ADV
emaj-33	335	39	351	351	NUM
emaj-33	335	40	–	–	PUNCT
emaj-33	335	41	379	379	NUM
emaj-33	335	42	.	.	PUNCT
emaj-33	336	1	ho	ho	PROPN
emaj-33	336	2	,	,	PUNCT
emaj-33	336	3	s.s.m	s.s.m	PROPN
emaj-33	336	4	.	.	PROPN
emaj-33	336	5	&	&	CCONJ
emaj-33	336	6	wong	wong	PROPN
emaj-33	336	7	,	,	PUNCT
emaj-33	336	8	k.s.(2001	k.s.(2001	PROPN
emaj-33	336	9	)	)	PUNCT
emaj-33	336	10	,	,	PUNCT
emaj-33	336	11	“	"	PUNCT
emaj-33	336	12	a	a	DET
emaj-33	336	13	study	study	NOUN
emaj-33	336	14	of	of	ADP
emaj-33	336	15	the	the	DET
emaj-33	336	16	relationship	relationship	NOUN
emaj-33	336	17	between	between	ADP
emaj-33	336	18	corporate	corporate	ADJ
emaj-33	336	19	governance	governance	NOUN
emaj-33	336	20	structures	structure	NOUN
emaj-33	336	21	and	and	CCONJ
emaj-33	336	22	the	the	DET
emaj-33	336	23	extent	extent	NOUN
emaj-33	336	24	of	of	ADP
emaj-33	336	25	voluntary	voluntary	ADJ
emaj-33	336	26	disclosure	disclosure	NOUN
emaj-33	336	27	”	"	PUNCT
emaj-33	336	28	,	,	PUNCT
emaj-33	336	29	journal	journal	NOUN
emaj-33	336	30	of	of	ADP
emaj-33	336	31	international	international	ADJ
emaj-33	336	32	accounting	accounting	NOUN
emaj-33	336	33	,	,	PUNCT
emaj-33	336	34	auditing	auditing	NOUN
emaj-33	336	35	and	and	CCONJ
emaj-33	336	36	taxation	taxation	NOUN
emaj-33	336	37	,	,	PUNCT
emaj-33	336	38	vol	vol	NOUN
emaj-33	336	39	.	.	PROPN
emaj-33	336	40	10	10	NUM
emaj-33	336	41	,	,	PUNCT
emaj-33	336	42	pp.139	pp.139	NOUN
emaj-33	336	43	-	-	PUNCT
emaj-33	336	44	156	156	NUM
emaj-33	336	45	.	.	PUNCT
emaj-33	337	1	jensen	jensen	PROPN
emaj-33	337	2	,	,	PUNCT
emaj-33	337	3	m.c	m.c	PROPN
emaj-33	337	4	.	.	PROPN
emaj-33	337	5	(	(	PUNCT
emaj-33	337	6	1993	1993	NUM
emaj-33	337	7	)	)	PUNCT
emaj-33	337	8	,	,	PUNCT
emaj-33	337	9	“	"	PUNCT
emaj-33	337	10	the	the	DET
emaj-33	337	11	modern	modern	ADJ
emaj-33	337	12	industrial	industrial	ADJ
emaj-33	337	13	revolution	revolution	NOUN
emaj-33	337	14	,	,	PUNCT
emaj-33	337	15	exit	exit	NOUN
emaj-33	337	16	and	and	CCONJ
emaj-33	337	17	the	the	DET
emaj-33	337	18	failure	failure	NOUN
emaj-33	337	19	of	of	ADP
emaj-33	337	20	internal	internal	ADJ
emaj-33	337	21	control	control	NOUN
emaj-33	337	22	systems	system	NOUN
emaj-33	337	23	”	"	PUNCT
emaj-33	337	24	,	,	PUNCT
emaj-33	337	25	journal	journal	NOUN
emaj-33	337	26	of	of	ADP
emaj-33	337	27	finance	finance	NOUN
emaj-33	337	28	,	,	PUNCT
emaj-33	337	29	vol	vol	NOUN
emaj-33	337	30	.	.	PROPN
emaj-33	337	31	48	48	NUM
emaj-33	337	32	,	,	PUNCT
emaj-33	337	33	pp	pp	ADV
emaj-33	337	34	831	831	NUM
emaj-33	337	35	–	–	PUNCT
emaj-33	337	36	880	880	NUM
emaj-33	337	37	.	.	PUNCT
emaj-33	337	38	mak	mak	PROPN
emaj-33	337	39	,	,	PUNCT
emaj-33	337	40	y.t	y.t	PROPN
emaj-33	337	41	.	.	PROPN
emaj-33	337	42	&	&	CCONJ
emaj-33	337	43	li	li	PROPN
emaj-33	337	44	,	,	PUNCT
emaj-33	337	45	y.	y.	PROPN
emaj-33	337	46	(	(	PUNCT
emaj-33	337	47	2001	2001	NUM
emaj-33	337	48	)	)	PUNCT
emaj-33	337	49	,	,	PUNCT
emaj-33	337	50	“	"	PUNCT
emaj-33	337	51	determinants	determinant	NOUN
emaj-33	337	52	of	of	ADP
emaj-33	337	53	corporate	corporate	ADJ
emaj-33	337	54	ownership	ownership	NOUN
emaj-33	337	55	and	and	CCONJ
emaj-33	337	56	board	board	NOUN
emaj-33	337	57	structure	structure	NOUN
emaj-33	337	58	:	:	PUNCT
emaj-33	337	59	evidence	evidence	NOUN
emaj-33	337	60	from	from	ADP
emaj-33	337	61	singapore	singapore	PROPN
emaj-33	337	62	”	"	PUNCT
emaj-33	337	63	,	,	PUNCT
emaj-33	337	64	journal	journal	NOUN
emaj-33	337	65	of	of	ADP
emaj-33	337	66	corporate	corporate	ADJ
emaj-33	337	67	finance	finance	NOUN
emaj-33	337	68	,	,	PUNCT
emaj-33	337	69	vol	vol	NOUN
emaj-33	337	70	.	.	PROPN
emaj-33	337	71	7	7	NUM
emaj-33	337	72	n.	n.	NOUN
emaj-33	337	73	3	3	NUM
emaj-33	337	74	,	,	PUNCT
emaj-33	337	75	pp	pp	ADV
emaj-33	337	76	235	235	NUM
emaj-33	337	77	-	-	SYM
emaj-33	337	78	256	256	NUM
emaj-33	337	79	.	.	PUNCT
emaj-33	338	1	dr	dr	PROPN
emaj-33	338	2	.	.	PROPN
emaj-33	338	3	wided	wide	VERB
emaj-33	338	4	khiari	khiari	PROPN
emaj-33	338	5	p	p	PROPN
emaj-33	338	6	a	a	DET
emaj-33	338	7	g	g	NOUN
emaj-33	338	8	e	e	NOUN
emaj-33	338	9	|	|	ADV
emaj-33	338	10	68|	68|	NUM
emaj-33	338	11	emerging	emerge	VERB
emaj-33	338	12	markets	market	NOUN
emaj-33	338	13	journal	journal	NOUN
emaj-33	338	14	volume	volume	NOUN
emaj-33	338	15	3	3	NUM
emaj-33	338	16	no	no	DET
emaj-33	338	17	2	2	NUM
emaj-33	338	18	(	(	PUNCT
emaj-33	338	19	2013	2013	NUM
emaj-33	338	20	)	)	PUNCT
emaj-33	338	21	|	|	ADV
emaj-33	338	22	issn	issn	VERB
emaj-33	338	23	2158	2158	NUM
emaj-33	338	24	-	-	SYM
emaj-33	338	25	8708	8708	NUM
emaj-33	338	26	(	(	PUNCT
emaj-33	338	27	online	online	NOUN
emaj-33	338	28	)	)	PUNCT
emaj-33	339	1	|	|	ADV
emaj-33	339	2	10.5195	10.5195	NUM
emaj-33	339	3	/	/	SYM
emaj-33	339	4	emaj.2013.33	emaj.2013.33	NOUN
emaj-33	340	1	|	|	NOUN
emaj-33	340	2	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-33	340	3	mangena	mangena	NOUN
emaj-33	340	4	,	,	PUNCT
emaj-33	340	5	m.	m.	NOUN
emaj-33	340	6	,	,	PUNCT
emaj-33	340	7	&	&	CCONJ
emaj-33	340	8	tauringana	tauringana	PROPN
emaj-33	340	9	,	,	PUNCT
emaj-33	340	10	v.	v.	PROPN
emaj-33	340	11	(	(	PUNCT
emaj-33	340	12	2007	2007	NUM
emaj-33	340	13	)	)	PUNCT
emaj-33	340	14	,	,	PUNCT
emaj-33	340	15	“	"	PUNCT
emaj-33	340	16	disclosure	disclosure	NOUN
emaj-33	340	17	,	,	PUNCT
emaj-33	340	18	corporate	corporate	ADJ
emaj-33	340	19	governance	governance	NOUN
emaj-33	340	20	and	and	CCONJ
emaj-33	340	21	foreign	foreign	ADJ
emaj-33	340	22	share	share	NOUN
emaj-33	340	23	ownership	ownership	NOUN
emaj-33	340	24	on	on	ADP
emaj-33	340	25	the	the	DET
emaj-33	340	26	zimbabwe	zimbabwe	PROPN
emaj-33	340	27	stock	stock	PROPN
emaj-33	340	28	exchange	exchange	PROPN
emaj-33	340	29	”	"	PUNCT
emaj-33	340	30	,	,	PUNCT
emaj-33	340	31	journal	journal	NOUN
emaj-33	340	32	of	of	ADP
emaj-33	340	33	international	international	ADJ
emaj-33	340	34	financial	financial	ADJ
emaj-33	340	35	management	management	NOUN
emaj-33	340	36	and	and	CCONJ
emaj-33	340	37	accounting	accounting	NOUN
emaj-33	340	38	,	,	PUNCT
emaj-33	340	39	vol	vol	NOUN
emaj-33	340	40	.	.	PROPN
emaj-33	340	41	18	18	NUM
emaj-33	340	42	n.	n.	NOUN
emaj-33	340	43	2	2	NUM
emaj-33	340	44	,	,	PUNCT
emaj-33	340	45	pp	pp	ADV
emaj-33	340	46	53	53	NUM
emaj-33	340	47	-	-	SYM
emaj-33	340	48	85	85	NUM
emaj-33	340	49	.	.	PUNCT
emaj-33	340	50	mulili	mulili	NOUN
emaj-33	340	51	,	,	PUNCT
emaj-33	340	52	b.	b.	PROPN
emaj-33	340	53	m.	m.	PROPN
emaj-33	340	54	&	&	CCONJ
emaj-33	340	55	wong	wong	PROPN
emaj-33	340	56	,	,	PUNCT
emaj-33	340	57	p.	p.	PROPN
emaj-33	340	58	(	(	PUNCT
emaj-33	340	59	2011	2011	NUM
emaj-33	340	60	)	)	PUNCT
emaj-33	340	61	,	,	PUNCT
emaj-33	340	62	“	"	PUNCT
emaj-33	340	63	corporate	corporate	ADJ
emaj-33	340	64	governance	governance	NOUN
emaj-33	340	65	practices	practice	NOUN
emaj-33	340	66	in	in	ADP
emaj-33	340	67	developing	develop	VERB
emaj-33	340	68	countries	country	NOUN
emaj-33	340	69	:	:	PUNCT
emaj-33	340	70	the	the	DET
emaj-33	340	71	case	case	NOUN
emaj-33	340	72	for	for	ADP
emaj-33	340	73	kenya	kenya	PROPN
emaj-33	340	74	”	"	PUNCT
emaj-33	340	75	,	,	PUNCT
emaj-33	340	76	international	international	ADJ
emaj-33	340	77	journal	journal	NOUN
emaj-33	340	78	of	of	ADP
emaj-33	340	79	business	business	PROPN
emaj-33	340	80	administration	administration	PROPN
emaj-33	340	81	,	,	PUNCT
emaj-33	340	82	vol	vol	NOUN
emaj-33	340	83	.	.	PROPN
emaj-33	340	84	2	2	NUM
emaj-33	340	85	n.	n.	NOUN
emaj-33	340	86	1	1	NUM
emaj-33	340	87	,	,	PUNCT
emaj-33	340	88	pp	pp	ADV
emaj-33	340	89	14	14	NUM
emaj-33	340	90	-	-	SYM
emaj-33	340	91	27	27	NUM
emaj-33	340	92	.	.	PUNCT
emaj-33	341	1	shanikat	shanikat	PROPN
emaj-33	341	2	,	,	PUNCT
emaj-33	341	3	m.	m.	NOUN
emaj-33	341	4	&	&	CCONJ
emaj-33	341	5	abbadi	abbadi	PROPN
emaj-33	341	6	,	,	PUNCT
emaj-33	341	7	s.s	s.s	PROPN
emaj-33	341	8	.	.	PROPN
emaj-33	341	9	(	(	PUNCT
emaj-33	341	10	2011	2011	NUM
emaj-33	341	11	)	)	PUNCT
emaj-33	341	12	,	,	PUNCT
emaj-33	341	13	“	"	PUNCT
emaj-33	341	14	assessment	assessment	NOUN
emaj-33	341	15	of	of	ADP
emaj-33	341	16	corporate	corporate	ADJ
emaj-33	341	17	governance	governance	NOUN
emaj-33	341	18	in	in	ADP
emaj-33	341	19	jordan	jordan	PROPN
emaj-33	341	20	:	:	PUNCT
emaj-33	341	21	an	an	DET
emaj-33	341	22	empirical	empirical	ADJ
emaj-33	341	23	study	study	NOUN
emaj-33	341	24	”	"	PUNCT
emaj-33	341	25	,	,	PUNCT
emaj-33	341	26	australasian	australasian	ADJ
emaj-33	341	27	accounting	accounting	NOUN
emaj-33	341	28	business	business	NOUN
emaj-33	341	29	and	and	CCONJ
emaj-33	341	30	finance	finance	NOUN
emaj-33	341	31	journal	journal	NOUN
emaj-33	341	32	,	,	PUNCT
emaj-33	341	33	vol	vol	NOUN
emaj-33	341	34	.	.	PROPN
emaj-33	341	35	5	5	NUM
emaj-33	341	36	n.	n.	NOUN
emaj-33	341	37	3	3	NUM
emaj-33	341	38	,	,	PUNCT
emaj-33	341	39	pp	pp	ADV
emaj-33	341	40	93	93	NUM
emaj-33	341	41	-	-	SYM
emaj-33	341	42	106	106	NUM
emaj-33	341	43	.	.	PUNCT
emaj-33	342	1	standard	standard	PROPN
emaj-33	342	2	&	&	CCONJ
emaj-33	342	3	poor	poor	PROPN
emaj-33	342	4	’s	’s	PART
emaj-33	342	5	(	(	PUNCT
emaj-33	342	6	2008	2008	NUM
emaj-33	342	7	)	)	PUNCT
emaj-33	343	1	,	,	PUNCT
emaj-33	343	2	“	"	PUNCT
emaj-33	343	3	criteria	criterion	NOUN
emaj-33	343	4	:	:	PUNCT
emaj-33	343	5	gamma	gamma	PROPN
emaj-33	343	6	scores	score	NOUN
emaj-33	343	7	”	"	PUNCT
emaj-33	343	8	,	,	PUNCT
emaj-33	343	9	available	available	ADJ
emaj-33	343	10	at	at	ADP
emaj-33	343	11	http://www.standardandpoors.com/home	http://www.standardandpoors.com/home	PROPN
emaj-33	343	12	/en	/en	PUNCT
emaj-33	343	13	/	/	SYM
emaj-33	343	14	us	us	PROPN
emaj-33	343	15	tsamenyi	tsamenyi	PROPN
emaj-33	343	16	,	,	PUNCT
emaj-33	343	17	t.	t.	PROPN
emaj-33	343	18	,	,	PUNCT
emaj-33	343	19	enninful	enninful	ADJ
emaj-33	343	20	-	-	PUNCT
emaj-33	343	21	adu	adu	NOUN
emaj-33	343	22	,	,	PUNCT
emaj-33	343	23	e.	e.	PROPN
emaj-33	343	24	&	&	CCONJ
emaj-33	343	25	onumah	onumah	PROPN
emaj-33	343	26	,	,	PUNCT
emaj-33	343	27	j.	j.	PROPN
emaj-33	343	28	(	(	PUNCT
emaj-33	343	29	2007	2007	NUM
emaj-33	343	30	)	)	PUNCT
emaj-33	343	31	,	,	PUNCT
emaj-33	343	32	“	"	PUNCT
emaj-33	343	33	disclosure	disclosure	NOUN
emaj-33	343	34	and	and	CCONJ
emaj-33	343	35	corporate	corporate	ADJ
emaj-33	343	36	governance	governance	NOUN
emaj-33	343	37	in	in	ADP
emaj-33	343	38	developing	develop	VERB
emaj-33	343	39	countries	country	NOUN
emaj-33	343	40	:	:	PUNCT
emaj-33	343	41	evidence	evidence	NOUN
emaj-33	343	42	from	from	ADP
emaj-33	343	43	ghana	ghana	PROPN
emaj-33	343	44	”	"	PUNCT
emaj-33	343	45	,	,	PUNCT
emaj-33	343	46	managerial	managerial	ADJ
emaj-33	343	47	auditing	auditing	NOUN
emaj-33	343	48	journal	journal	NOUN
emaj-33	343	49	,	,	PUNCT
emaj-33	343	50	vol	vol	NOUN
emaj-33	343	51	.	.	PROPN
emaj-33	343	52	22	22	NUM
emaj-33	344	1	n.	n.	NOUN
emaj-33	344	2	3	3	NUM
emaj-33	344	3	,	,	PUNCT
emaj-33	344	4	pp	pp	ADV
emaj-33	344	5	319	319	NUM
emaj-33	344	6	-	-	PUNCT
emaj-33	344	7	334	334	NUM
emaj-33	344	8	.	.	PUNCT