id	sid	tid	token	lemma	pos
emaj-79	1	1	volume	volume	NOUN
emaj-79	1	2	5	5	NUM
emaj-79	1	3	no	no	DET
emaj-79	1	4	2	2	NUM
emaj-79	1	5	(	(	PUNCT
emaj-79	1	6	2015	2015	NUM
emaj-79	1	7	)	)	PUNCT
emaj-79	1	8	|	|	ADV
emaj-79	1	9	issn	issn	VERB
emaj-79	1	10	2158	2158	NUM
emaj-79	1	11	-	-	SYM
emaj-79	1	12	8708	8708	NUM
emaj-79	1	13	(	(	PUNCT
emaj-79	1	14	online	online	NOUN
emaj-79	1	15	)	)	PUNCT
emaj-79	1	16	|	|	ADV
emaj-79	1	17	doi	doi	X
emaj-79	1	18	10.5195	10.5195	NUM
emaj-79	1	19	/	/	SYM
emaj-79	1	20	emaj.2015.66	emaj.2015.66	NOUN
emaj-79	1	21	|	|	ADV
emaj-79	1	22	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	1	23	evaluating	evaluate	VERB
emaj-79	1	24	banking	banking	NOUN
emaj-79	1	25	profit	profit	NOUN
emaj-79	1	26	performance	performance	NOUN
emaj-79	1	27	in	in	ADP
emaj-79	1	28	ghana	ghana	PROPN
emaj-79	1	29	during	during	ADP
emaj-79	1	30	and	and	CCONJ
emaj-79	1	31	post	post	VERB
emaj-79	1	32	profit	profit	NOUN
emaj-79	1	33	decline	decline	NOUN
emaj-79	1	34	:	:	PUNCT
emaj-79	1	35	a	a	DET
emaj-79	1	36	five	five	NUM
emaj-79	1	37	step	step	NOUN
emaj-79	1	38	du	du	ADJ
emaj-79	1	39	-	-	ADJ
emaj-79	1	40	pont	pont	ADJ
emaj-79	1	41	approach	approach	NOUN
emaj-79	1	42	baah	baah	PROPN
emaj-79	1	43	aye	aye	PROPN
emaj-79	1	44	kusi	kusi	PROPN
emaj-79	1	45	university	university	PROPN
emaj-79	1	46	of	of	ADP
emaj-79	1	47	ghana	ghana	PROPN
emaj-79	1	48	,	,	PUNCT
emaj-79	1	49	ghana	ghana	PROPN
emaj-79	1	50	|	|	ADV
emaj-79	1	51	e	e	NOUN
emaj-79	1	52	-	-	NOUN
emaj-79	1	53	mail	mail	NOUN
emaj-79	1	54	:	:	PUNCT
emaj-79	2	1	baahkusi@gmail.com	baahkusi@gmail.com	X
emaj-79	2	2	kwadjo	kwadjo	PROPN
emaj-79	2	3	ansah	ansah	PROPN
emaj-79	2	4	-	-	PUNCT
emaj-79	2	5	adu	adu	PROPN
emaj-79	2	6	valley	valley	PROPN
emaj-79	2	7	view	view	PROPN
emaj-79	2	8	university	university	PROPN
emaj-79	2	9	,	,	PUNCT
emaj-79	2	10	ghana	ghana	PROPN
emaj-79	2	11	|	|	ADV
emaj-79	2	12	e	e	NOUN
emaj-79	2	13	-	-	NOUN
emaj-79	2	14	mail	mail	NOUN
emaj-79	2	15	:	:	PUNCT
emaj-79	2	16	joe_thwart@yahoo.co.uk	joe_thwart@yahoo.co.uk	PROPN
emaj-79	2	17	albert	albert	PROPN
emaj-79	2	18	agyei	agyei	PROPN
emaj-79	2	19	valley	valley	PROPN
emaj-79	2	20	view	view	PROPN
emaj-79	2	21	university	university	PROPN
emaj-79	2	22	,	,	PUNCT
emaj-79	2	23	ghana	ghana	PROPN
emaj-79	2	24	|	|	ADV
emaj-79	2	25	e	e	NOUN
emaj-79	2	26	-	-	NOUN
emaj-79	2	27	mail	mail	NOUN
emaj-79	2	28	:	:	PUNCT
emaj-79	2	29	agyeialbert@gmail.com	agyeialbert@gmail.com	X
emaj-79	3	1	volume	volume	NOUN
emaj-79	3	2	5	5	NUM
emaj-79	3	3	no	no	DET
emaj-79	3	4	2	2	NUM
emaj-79	3	5	(	(	PUNCT
emaj-79	3	6	2015	2015	NUM
emaj-79	3	7	)	)	PUNCT
emaj-79	3	8	|	|	ADV
emaj-79	3	9	issn	issn	VERB
emaj-79	3	10	2158	2158	NUM
emaj-79	3	11	-	-	SYM
emaj-79	3	12	8708	8708	NUM
emaj-79	3	13	(	(	PUNCT
emaj-79	3	14	online	online	NOUN
emaj-79	3	15	)	)	PUNCT
emaj-79	3	16	|	|	ADV
emaj-79	3	17	doi	doi	X
emaj-79	3	18	10.5195	10.5195	NUM
emaj-79	3	19	/	/	SYM
emaj-79	3	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	3	21	|	|	ADV
emaj-79	3	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	3	23	|	|	ADV
emaj-79	3	24	abstract	abstract	ADV
emaj-79	3	25	in	in	ADP
emaj-79	3	26	this	this	DET
emaj-79	3	27	study	study	NOUN
emaj-79	3	28	we	we	PRON
emaj-79	3	29	aimed	aim	VERB
emaj-79	3	30	at	at	ADP
emaj-79	3	31	three	three	NUM
emaj-79	3	32	objectives	objective	NOUN
emaj-79	3	33	.	.	PUNCT
emaj-79	4	1	first	first	ADV
emaj-79	4	2	,	,	PUNCT
emaj-79	4	3	identify	identify	VERB
emaj-79	4	4	and	and	CCONJ
emaj-79	4	5	rank	rank	VERB
emaj-79	4	6	banks	bank	NOUN
emaj-79	4	7	based	base	VERB
emaj-79	4	8	on	on	ADP
emaj-79	4	9	a	a	DET
emaj-79	4	10	composite	composite	ADJ
emaj-79	4	11	score	score	NOUN
emaj-79	4	12	comprising	comprising	NOUN
emaj-79	4	13	of	of	ADP
emaj-79	4	14	all	all	DET
emaj-79	4	15	five	five	NUM
emaj-79	4	16	dupont	dupont	NOUN
emaj-79	4	17	variables	variable	NOUN
emaj-79	4	18	.	.	PUNCT
emaj-79	5	1	second	second	ADV
emaj-79	5	2	,	,	PUNCT
emaj-79	5	3	we	we	PRON
emaj-79	5	4	identify	identify	VERB
emaj-79	5	5	variables	variable	NOUN
emaj-79	5	6	in	in	ADP
emaj-79	5	7	the	the	DET
emaj-79	5	8	five	five	NUM
emaj-79	5	9	step	step	NOUN
emaj-79	5	10	du	du	NOUN
emaj-79	5	11	-	-	NOUN
emaj-79	5	12	pont	pont	NOUN
emaj-79	5	13	set	set	VERB
emaj-79	5	14	up	up	ADP
emaj-79	5	15	that	that	PRON
emaj-79	5	16	are	be	AUX
emaj-79	5	17	most	most	ADV
emaj-79	5	18	likely	likely	ADJ
emaj-79	5	19	to	to	PART
emaj-79	5	20	influence	influence	VERB
emaj-79	5	21	bank	bank	PROPN
emaj-79	5	22	roe	roe	PROPN
emaj-79	5	23	during	during	ADP
emaj-79	5	24	and	and	CCONJ
emaj-79	5	25	post	post	VERB
emaj-79	5	26	profit	profit	NOUN
emaj-79	5	27	declining	decline	VERB
emaj-79	5	28	periods	period	NOUN
emaj-79	5	29	.	.	PUNCT
emaj-79	6	1	and	and	CCONJ
emaj-79	6	2	third	third	ADV
emaj-79	6	3	,	,	PUNCT
emaj-79	6	4	we	we	PRON
emaj-79	6	5	estimate	estimate	VERB
emaj-79	6	6	a	a	DET
emaj-79	6	7	model	model	NOUN
emaj-79	6	8	to	to	PART
emaj-79	6	9	capture	capture	VERB
emaj-79	6	10	the	the	DET
emaj-79	6	11	variables	variable	NOUN
emaj-79	6	12	that	that	PRON
emaj-79	6	13	drive	drive	VERB
emaj-79	6	14	bank	bank	PROPN
emaj-79	6	15	roe	roe	PROPN
emaj-79	6	16	during	during	ADP
emaj-79	6	17	and	and	CCONJ
emaj-79	6	18	post	post	VERB
emaj-79	6	19	profit	profit	NOUN
emaj-79	6	20	declining	decline	VERB
emaj-79	6	21	periods	period	NOUN
emaj-79	6	22	.	.	PUNCT
emaj-79	7	1	we	we	PRON
emaj-79	7	2	first	first	ADV
emaj-79	7	3	establish	establish	VERB
emaj-79	7	4	from	from	ADP
emaj-79	7	5	our	our	PRON
emaj-79	7	6	rankings	ranking	NOUN
emaj-79	7	7	that	that	SCONJ
emaj-79	7	8	,	,	PUNCT
emaj-79	7	9	foreign	foreign	ADJ
emaj-79	7	10	banks	bank	NOUN
emaj-79	7	11	in	in	ADP
emaj-79	7	12	ghana	ghana	PROPN
emaj-79	7	13	performed	perform	VERB
emaj-79	7	14	better	well	ADV
emaj-79	7	15	during	during	ADP
emaj-79	7	16	profit	profit	NOUN
emaj-79	7	17	declining	decline	VERB
emaj-79	7	18	periods	period	NOUN
emaj-79	7	19	while	while	SCONJ
emaj-79	7	20	the	the	DET
emaj-79	7	21	local	local	ADJ
emaj-79	7	22	banks	bank	NOUN
emaj-79	7	23	performed	perform	VERB
emaj-79	7	24	better	well	ADV
emaj-79	7	25	in	in	ADP
emaj-79	7	26	post	post	NOUN
emaj-79	7	27	profit	profit	NOUN
emaj-79	7	28	decline	decline	NOUN
emaj-79	7	29	periods	period	NOUN
emaj-79	7	30	using	use	VERB
emaj-79	7	31	the	the	DET
emaj-79	7	32	top	top	ADJ
emaj-79	7	33	ten	ten	NUM
emaj-79	7	34	banks	bank	NOUN
emaj-79	7	35	as	as	ADP
emaj-79	7	36	a	a	DET
emaj-79	7	37	benchmark	benchmark	NOUN
emaj-79	7	38	in	in	ADP
emaj-79	7	39	both	both	DET
emaj-79	7	40	periods	period	NOUN
emaj-79	7	41	.	.	PUNCT
emaj-79	8	1	employing	employ	VERB
emaj-79	8	2	pearson	pearson	NOUN
emaj-79	8	3	correlation	correlation	NOUN
emaj-79	8	4	coefficients	coefficient	NOUN
emaj-79	8	5	matrix	matrix	NOUN
emaj-79	8	6	,	,	PUNCT
emaj-79	8	7	we	we	PRON
emaj-79	8	8	recognized	recognize	VERB
emaj-79	8	9	that	that	SCONJ
emaj-79	8	10	operating	operate	VERB
emaj-79	8	11	profit	profit	NOUN
emaj-79	8	12	margin	margin	NOUN
emaj-79	8	13	,	,	PUNCT
emaj-79	8	14	asset	asset	NOUN
emaj-79	8	15	turnover	turnover	NOUN
emaj-79	8	16	and	and	CCONJ
emaj-79	8	17	leverage	leverage	NOUN
emaj-79	8	18	were	be	AUX
emaj-79	8	19	most	most	ADV
emaj-79	8	20	likely	likely	ADJ
emaj-79	8	21	to	to	PART
emaj-79	8	22	influence	influence	VERB
emaj-79	8	23	bank	bank	PROPN
emaj-79	8	24	roe	roe	NOUN
emaj-79	8	25	in	in	ADP
emaj-79	8	26	both	both	DET
emaj-79	8	27	time	time	NOUN
emaj-79	8	28	periods	period	NOUN
emaj-79	8	29	.	.	PUNCT
emaj-79	9	1	we	we	PRON
emaj-79	9	2	further	far	ADV
emaj-79	9	3	employ	employ	VERB
emaj-79	9	4	ols	ol	NOUN
emaj-79	9	5	regression	regression	NOUN
emaj-79	9	6	and	and	CCONJ
emaj-79	9	7	find	find	VERB
emaj-79	9	8	that	that	SCONJ
emaj-79	9	9	bank	bank	NOUN
emaj-79	9	10	roe	roe	NOUN
emaj-79	9	11	was	be	AUX
emaj-79	9	12	impacted	impact	VERB
emaj-79	9	13	by	by	ADP
emaj-79	9	14	operating	operate	VERB
emaj-79	9	15	profit	profit	NOUN
emaj-79	9	16	margin	margin	NOUN
emaj-79	9	17	and	and	CCONJ
emaj-79	9	18	leverage	leverage	NOUN
emaj-79	9	19	during	during	ADP
emaj-79	9	20	profit	profit	NOUN
emaj-79	9	21	declining	decline	VERB
emaj-79	9	22	periods	period	NOUN
emaj-79	9	23	and	and	CCONJ
emaj-79	9	24	post	post	VERB
emaj-79	9	25	profit	profit	NOUN
emaj-79	9	26	decline	decline	NOUN
emaj-79	9	27	while	while	SCONJ
emaj-79	9	28	tax	tax	NOUN
emaj-79	9	29	effect	effect	NOUN
emaj-79	9	30	added	add	VERB
emaj-79	9	31	up	up	ADP
emaj-79	9	32	in	in	ADP
emaj-79	9	33	post	post	NOUN
emaj-79	9	34	profit	profit	NOUN
emaj-79	9	35	declining	decline	VERB
emaj-79	9	36	periods	period	NOUN
emaj-79	9	37	.	.	PUNCT
emaj-79	10	1	keywords	keyword	NOUN
emaj-79	10	2	:	:	PUNCT
emaj-79	10	3	du	du	ADJ
emaj-79	10	4	-	-	ADJ
emaj-79	10	5	pont	pont	ADJ
emaj-79	10	6	model	model	NOUN
emaj-79	10	7	,	,	PUNCT
emaj-79	10	8	operating	operate	VERB
emaj-79	10	9	profit	profit	NOUN
emaj-79	10	10	margin	margin	NOUN
emaj-79	10	11	,	,	PUNCT
emaj-79	10	12	asset	asset	NOUN
emaj-79	10	13	turnover	turnover	NOUN
emaj-79	10	14	,	,	PUNCT
emaj-79	10	15	leverage	leverage	NOUN
emaj-79	10	16	,	,	PUNCT
emaj-79	10	17	interest	interest	NOUN
emaj-79	10	18	burden	burden	NOUN
emaj-79	10	19	,	,	PUNCT
emaj-79	10	20	tax	tax	NOUN
emaj-79	10	21	effect	effect	NOUN
emaj-79	10	22	new	new	ADJ
emaj-79	10	23	articles	article	NOUN
emaj-79	10	24	in	in	ADP
emaj-79	10	25	this	this	DET
emaj-79	10	26	journal	journal	NOUN
emaj-79	10	27	are	be	AUX
emaj-79	10	28	licensed	license	VERB
emaj-79	10	29	under	under	ADP
emaj-79	10	30	a	a	DET
emaj-79	10	31	creative	creative	ADJ
emaj-79	10	32	commons	common	NOUN
emaj-79	10	33	attribution	attribution	NOUN
emaj-79	10	34	3.0	3.0	NUM
emaj-79	10	35	united	unite	VERB
emaj-79	10	36	states	states	PROPN
emaj-79	10	37	license	license	NOUN
emaj-79	10	38	.	.	PUNCT
emaj-79	11	1	this	this	DET
emaj-79	11	2	journal	journal	NOUN
emaj-79	11	3	is	be	AUX
emaj-79	11	4	published	publish	VERB
emaj-79	11	5	by	by	ADP
emaj-79	11	6	the	the	DET
emaj-79	11	7	university	university	NOUN
emaj-79	11	8	library	library	NOUN
emaj-79	11	9	system	system	NOUN
emaj-79	11	10	of	of	ADP
emaj-79	11	11	the	the	DET
emaj-79	11	12	university	university	PROPN
emaj-79	11	13	of	of	ADP
emaj-79	11	14	pittsburgh	pittsburgh	PROPN
emaj-79	11	15	as	as	ADP
emaj-79	11	16	part	part	NOUN
emaj-79	11	17	of	of	ADP
emaj-79	11	18	its	its	PRON
emaj-79	11	19	d	d	NOUN
emaj-79	11	20	-	-	PUNCT
emaj-79	11	21	scribe	scribe	VERB
emaj-79	11	22	digital	digital	ADJ
emaj-79	11	23	publishing	publishing	NOUN
emaj-79	11	24	program	program	NOUN
emaj-79	11	25	,	,	PUNCT
emaj-79	11	26	and	and	CCONJ
emaj-79	11	27	is	be	AUX
emaj-79	11	28	cosponsored	cosponsor	VERB
emaj-79	11	29	by	by	ADP
emaj-79	11	30	the	the	DET
emaj-79	11	31	university	university	PROPN
emaj-79	11	32	of	of	ADP
emaj-79	11	33	pittsburgh	pittsburgh	PROPN
emaj-79	11	34	press	press	NOUN
emaj-79	11	35	.	.	PUNCT
emaj-79	12	1	http://www.library.pitt.edu/	http://www.library.pitt.edu/	PROPN
emaj-79	12	2	http://www.pitt.edu/	http://www.pitt.edu/	NOUN
emaj-79	12	3	http://www.library.pitt.edu/articles/digpubtype/index.html	http://www.library.pitt.edu/articles/digpubtype/index.html	X
emaj-79	12	4	http://www.upress.pitt.edu/upressindex.aspx	http://www.upress.pitt.edu/upressindex.aspx	NUM
emaj-79	12	5	http://creativecommons.org/licenses/by/3.0/us/	http://creativecommons.org/licenses/by/3.0/us/	NOUN
emaj-79	12	6	volume	volume	NOUN
emaj-79	12	7	5	5	NUM
emaj-79	12	8	no	no	DET
emaj-79	12	9	2	2	NUM
emaj-79	12	10	(	(	PUNCT
emaj-79	12	11	2015	2015	NUM
emaj-79	12	12	)	)	PUNCT
emaj-79	12	13	|	|	ADV
emaj-79	12	14	issn	issn	VERB
emaj-79	12	15	2158	2158	NUM
emaj-79	12	16	-	-	SYM
emaj-79	12	17	8708	8708	NUM
emaj-79	12	18	(	(	PUNCT
emaj-79	12	19	online	online	NOUN
emaj-79	12	20	)	)	PUNCT
emaj-79	12	21	|	|	ADV
emaj-79	12	22	doi	doi	X
emaj-79	12	23	10.5195	10.5195	NUM
emaj-79	12	24	/	/	SYM
emaj-79	12	25	emaj.2015.79	emaj.2015.79	VERB
emaj-79	12	26	|	|	ADV
emaj-79	12	27	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	12	28	baah	baah	PROPN
emaj-79	12	29	aye	aye	PROPN
emaj-79	12	30	kusi	kusi	PROPN
emaj-79	12	31	,	,	PUNCT
emaj-79	12	32	kwadjo	kwadjo	PROPN
emaj-79	12	33	ansah	ansah	PROPN
emaj-79	12	34	-	-	PUNCT
emaj-79	12	35	adu	adu	PROPN
emaj-79	12	36	,	,	PUNCT
emaj-79	12	37	albert	albert	PROPN
emaj-79	12	38	agyei	agyei	PROPN
emaj-79	12	39	emerging	emerge	VERB
emaj-79	12	40	markets	market	NOUN
emaj-79	12	41	journal	journal	NOUN
emaj-79	13	1	|	|	ADV
emaj-79	13	2	p	p	NOUN
emaj-79	13	3	a	a	DET
emaj-79	13	4	g	g	NOUN
emaj-79	13	5	e	e	NOUN
emaj-79	13	6	|29	|29	NOUN
emaj-79	13	7	evaluating	evaluate	VERB
emaj-79	13	8	banking	banking	NOUN
emaj-79	13	9	profit	profit	NOUN
emaj-79	13	10	performance	performance	NOUN
emaj-79	13	11	in	in	ADP
emaj-79	13	12	ghana	ghana	PROPN
emaj-79	13	13	during	during	ADP
emaj-79	13	14	and	and	CCONJ
emaj-79	13	15	post	post	VERB
emaj-79	13	16	profit	profit	NOUN
emaj-79	13	17	decline	decline	NOUN
emaj-79	13	18	:	:	PUNCT
emaj-79	13	19	a	a	DET
emaj-79	13	20	five	five	NUM
emaj-79	13	21	step	step	NOUN
emaj-79	13	22	du	du	ADJ
emaj-79	13	23	-	-	ADJ
emaj-79	13	24	pont	pont	ADJ
emaj-79	13	25	approach	approach	NOUN
emaj-79	13	26	baah	baah	PROPN
emaj-79	13	27	aye	aye	PROPN
emaj-79	13	28	kusi	kusi	PROPN
emaj-79	13	29	kwadjo	kwadjo	PROPN
emaj-79	13	30	ansah	ansah	PROPN
emaj-79	13	31	-	-	PUNCT
emaj-79	13	32	adu	adu	PROPN
emaj-79	13	33	albert	albert	PROPN
emaj-79	13	34	agyei	agyei	PROPN
emaj-79	13	35	1	1	NUM
emaj-79	13	36	.	.	PUNCT
emaj-79	14	1	introduction	introduction	NOUN
emaj-79	14	2	traditional	traditional	ADJ
emaj-79	14	3	accounting	accounting	NOUN
emaj-79	14	4	ratios	ratio	NOUN
emaj-79	14	5	have	have	AUX
emaj-79	14	6	gained	gain	VERB
emaj-79	14	7	much	much	ADJ
emaj-79	14	8	popularity	popularity	NOUN
emaj-79	14	9	among	among	ADP
emaj-79	14	10	academics	academic	NOUN
emaj-79	14	11	and	and	CCONJ
emaj-79	14	12	policy	policy	NOUN
emaj-79	14	13	makers	maker	NOUN
emaj-79	14	14	despite	despite	SCONJ
emaj-79	14	15	the	the	DET
emaj-79	14	16	challenges	challenge	NOUN
emaj-79	14	17	that	that	PRON
emaj-79	14	18	confront	confront	VERB
emaj-79	14	19	its	its	PRON
emaj-79	14	20	usage	usage	NOUN
emaj-79	14	21	(	(	PUNCT
emaj-79	14	22	altman	altman	NOUN
emaj-79	14	23	,	,	PUNCT
emaj-79	14	24	1968	1968	NUM
emaj-79	14	25	)	)	PUNCT
emaj-79	14	26	.	.	PUNCT
emaj-79	15	1	it	it	PRON
emaj-79	15	2	is	be	AUX
emaj-79	15	3	argued	argue	VERB
emaj-79	15	4	that	that	SCONJ
emaj-79	15	5	ratio	ratio	NOUN
emaj-79	15	6	analyses	analysis	NOUN
emaj-79	15	7	are	be	AUX
emaj-79	15	8	one	one	NUM
emaj-79	15	9	dimensional	dimensional	ADJ
emaj-79	15	10	and	and	CCONJ
emaj-79	15	11	do	do	AUX
emaj-79	15	12	not	not	PART
emaj-79	15	13	show	show	VERB
emaj-79	15	14	a	a	DET
emaj-79	15	15	holistic	holistic	ADJ
emaj-79	15	16	picture	picture	NOUN
emaj-79	15	17	of	of	ADP
emaj-79	15	18	the	the	DET
emaj-79	15	19	financial	financial	ADJ
emaj-79	15	20	health	health	NOUN
emaj-79	15	21	of	of	ADP
emaj-79	15	22	a	a	DET
emaj-79	15	23	business	business	NOUN
emaj-79	15	24	and	and	CCONJ
emaj-79	15	25	it	it	PRON
emaj-79	15	26	is	be	AUX
emaj-79	15	27	also	also	ADV
emaj-79	15	28	said	say	VERB
emaj-79	15	29	to	to	PART
emaj-79	15	30	be	be	AUX
emaj-79	15	31	backward	backward	ADV
emaj-79	15	32	looking	look	VERB
emaj-79	15	33	as	as	SCONJ
emaj-79	15	34	it	it	PRON
emaj-79	15	35	is	be	AUX
emaj-79	15	36	computed	compute	VERB
emaj-79	15	37	based	base	VERB
emaj-79	15	38	on	on	ADP
emaj-79	15	39	past	past	ADJ
emaj-79	15	40	financial	financial	ADJ
emaj-79	15	41	records	record	NOUN
emaj-79	15	42	(	(	PUNCT
emaj-79	15	43	see	see	VERB
emaj-79	15	44	altman	altman	PROPN
emaj-79	15	45	,	,	PUNCT
emaj-79	15	46	1968	1968	NUM
emaj-79	15	47	)	)	PUNCT
emaj-79	15	48	.	.	PUNCT
emaj-79	16	1	despites	despite	VERB
emaj-79	16	2	these	these	DET
emaj-79	16	3	criticism	criticism	NOUN
emaj-79	16	4	and	and	CCONJ
emaj-79	16	5	many	many	ADJ
emaj-79	16	6	more	more	ADJ
emaj-79	16	7	,	,	PUNCT
emaj-79	16	8	ratio	ratio	NOUN
emaj-79	16	9	analysis	analysis	NOUN
emaj-79	16	10	remains	remain	VERB
emaj-79	16	11	one	one	NUM
emaj-79	16	12	of	of	ADP
emaj-79	16	13	the	the	DET
emaj-79	16	14	most	most	ADV
emaj-79	16	15	popular	popular	ADJ
emaj-79	16	16	,	,	PUNCT
emaj-79	16	17	easy	easy	ADJ
emaj-79	16	18	and	and	CCONJ
emaj-79	16	19	fastest	fast	ADJ
emaj-79	16	20	way	way	NOUN
emaj-79	16	21	among	among	ADP
emaj-79	16	22	practitioners	practitioner	NOUN
emaj-79	16	23	in	in	ADP
emaj-79	16	24	assessing	assess	VERB
emaj-79	16	25	the	the	DET
emaj-79	16	26	financial	financial	ADJ
emaj-79	16	27	health	health	NOUN
emaj-79	16	28	of	of	ADP
emaj-79	16	29	corporate	corporate	ADJ
emaj-79	16	30	entities	entity	NOUN
emaj-79	16	31	for	for	ADP
emaj-79	16	32	further	further	ADJ
emaj-79	16	33	evaluation	evaluation	NOUN
emaj-79	16	34	.	.	PUNCT
emaj-79	17	1	gill	gill	NOUN
emaj-79	17	2	(	(	PUNCT
emaj-79	17	3	1994	1994	NUM
emaj-79	17	4	)	)	PUNCT
emaj-79	17	5	argues	argue	VERB
emaj-79	17	6	that	that	SCONJ
emaj-79	17	7	the	the	DET
emaj-79	17	8	continuous	continuous	ADJ
emaj-79	17	9	and	and	CCONJ
emaj-79	17	10	persistent	persistent	ADJ
emaj-79	17	11	evaluation	evaluation	NOUN
emaj-79	17	12	of	of	ADP
emaj-79	17	13	the	the	DET
emaj-79	17	14	financial	financial	ADJ
emaj-79	17	15	health	health	NOUN
emaj-79	17	16	of	of	ADP
emaj-79	17	17	corporate	corporate	ADJ
emaj-79	17	18	entities	entity	NOUN
emaj-79	17	19	is	be	AUX
emaj-79	17	20	imperative	imperative	ADJ
emaj-79	17	21	for	for	ADP
emaj-79	17	22	firm	firm	ADJ
emaj-79	17	23	stability	stability	NOUN
emaj-79	17	24	and	and	CCONJ
emaj-79	17	25	success	success	NOUN
emaj-79	17	26	and	and	CCONJ
emaj-79	17	27	this	this	PRON
emaj-79	17	28	can	can	AUX
emaj-79	17	29	be	be	AUX
emaj-79	17	30	achieved	achieve	VERB
emaj-79	17	31	through	through	ADP
emaj-79	17	32	the	the	DET
emaj-79	17	33	use	use	NOUN
emaj-79	17	34	of	of	ADP
emaj-79	17	35	the	the	DET
emaj-79	17	36	dupont	dupont	PROPN
emaj-79	17	37	ratio	ratio	NOUN
emaj-79	17	38	analysis	analysis	NOUN
emaj-79	17	39	.	.	PUNCT
emaj-79	18	1	hence	hence	ADV
emaj-79	18	2	,	,	PUNCT
emaj-79	18	3	the	the	DET
emaj-79	18	4	du	du	ADJ
emaj-79	18	5	-	-	ADJ
emaj-79	18	6	pont	pont	ADJ
emaj-79	18	7	ratio	ratio	NOUN
emaj-79	18	8	analysis	analysis	NOUN
emaj-79	18	9	initiated	initiate	VERB
emaj-79	18	10	by	by	ADP
emaj-79	18	11	donaldson	donaldson	PROPN
emaj-79	18	12	brown	brown	PROPN
emaj-79	18	13	in	in	ADP
emaj-79	18	14	1914	1914	NUM
emaj-79	18	15	has	have	AUX
emaj-79	18	16	gained	gain	VERB
emaj-79	18	17	much	much	ADJ
emaj-79	18	18	attention	attention	NOUN
emaj-79	18	19	among	among	ADP
emaj-79	18	20	the	the	DET
emaj-79	18	21	ratio	ratio	NOUN
emaj-79	18	22	family	family	NOUN
emaj-79	18	23	as	as	SCONJ
emaj-79	18	24	it	it	PRON
emaj-79	18	25	explains	explain	VERB
emaj-79	18	26	return	return	NOUN
emaj-79	18	27	on	on	ADP
emaj-79	18	28	equity	equity	NOUN
emaj-79	18	29	(	(	PUNCT
emaj-79	18	30	roe	roe	PROPN
emaj-79	18	31	)	)	PUNCT
emaj-79	18	32	as	as	ADP
emaj-79	18	33	a	a	DET
emaj-79	18	34	function	function	NOUN
emaj-79	18	35	of	of	ADP
emaj-79	18	36	three	three	NUM
emaj-79	18	37	ratios	ratio	NOUN
emaj-79	18	38	overcoming	overcome	VERB
emaj-79	18	39	the	the	DET
emaj-79	18	40	problem	problem	NOUN
emaj-79	18	41	one	one	NUM
emaj-79	18	42	dimensionality	dimensionality	NOUN
emaj-79	18	43	of	of	ADP
emaj-79	18	44	ratios	ratio	NOUN
emaj-79	18	45	.	.	PUNCT
emaj-79	19	1	the	the	DET
emaj-79	19	2	du	du	ADJ
emaj-79	19	3	-	-	ADJ
emaj-79	19	4	pont	pont	ADJ
emaj-79	19	5	ratio	ratio	NOUN
emaj-79	19	6	analysis	analysis	NOUN
emaj-79	19	7	initially	initially	ADV
emaj-79	19	8	explained	explain	VERB
emaj-79	19	9	return	return	NOUN
emaj-79	19	10	on	on	ADP
emaj-79	19	11	equity	equity	NOUN
emaj-79	19	12	to	to	PART
emaj-79	19	13	emanate	emanate	VERB
emaj-79	19	14	from	from	ADP
emaj-79	19	15	three	three	NUM
emaj-79	19	16	(	(	PUNCT
emaj-79	19	17	3	3	X
emaj-79	19	18	)	)	PUNCT
emaj-79	19	19	sources	source	NOUN
emaj-79	19	20	namely	namely	ADV
emaj-79	19	21	profit	profit	NOUN
emaj-79	19	22	margin	margin	NOUN
emaj-79	19	23	(	(	PUNCT
emaj-79	19	24	pm	pm	NOUN
emaj-79	19	25	)	)	PUNCT
emaj-79	19	26	,	,	PUNCT
emaj-79	19	27	asset	asset	NOUN
emaj-79	19	28	turnover	turnover	NOUN
emaj-79	19	29	(	(	PUNCT
emaj-79	19	30	ato	ato	PROPN
emaj-79	19	31	)	)	PUNCT
emaj-79	19	32	and	and	CCONJ
emaj-79	19	33	financial	financial	ADJ
emaj-79	19	34	leverage	leverage	NOUN
emaj-79	19	35	(	(	PUNCT
emaj-79	19	36	fl	fl	NOUN
emaj-79	19	37	)	)	PUNCT
emaj-79	19	38	.	.	PUNCT
emaj-79	20	1	this	this	DET
emaj-79	20	2	decomposition	decomposition	NOUN
emaj-79	20	3	broadly	broadly	ADV
emaj-79	20	4	represented	represent	VERB
emaj-79	20	5	operation	operation	NOUN
emaj-79	20	6	efficiency	efficiency	NOUN
emaj-79	20	7	,	,	PUNCT
emaj-79	20	8	asset	asset	NOUN
emaj-79	20	9	utilization	utilization	NOUN
emaj-79	20	10	and	and	CCONJ
emaj-79	20	11	equity	equity	NOUN
emaj-79	20	12	multiplier	multipli	ADJ
emaj-79	20	13	effect	effect	NOUN
emaj-79	20	14	(	(	PUNCT
emaj-79	20	15	moyer	moyer	PROPN
emaj-79	20	16	et	et	PROPN
emaj-79	20	17	al	al	PROPN
emaj-79	20	18	.	.	PROPN
emaj-79	20	19	,	,	PUNCT
emaj-79	20	20	2007	2007	NUM
emaj-79	20	21	,	,	PUNCT
emaj-79	20	22	ross	ross	PROPN
emaj-79	20	23	et	et	PROPN
emaj-79	20	24	al	al	PROPN
emaj-79	20	25	.	.	PROPN
emaj-79	20	26	,	,	PUNCT
emaj-79	20	27	2008	2008	NUM
emaj-79	20	28	)	)	PUNCT
emaj-79	20	29	.	.	PUNCT
emaj-79	21	1	however	however	ADV
emaj-79	21	2	,	,	PUNCT
emaj-79	21	3	hawawini	hawawini	NOUN
emaj-79	21	4	and	and	CCONJ
emaj-79	21	5	viallet	viallet	PROPN
emaj-79	21	6	(	(	PUNCT
emaj-79	21	7	1999	1999	NUM
emaj-79	21	8	)	)	PUNCT
emaj-79	21	9	presented	present	VERB
emaj-79	21	10	modification	modification	NOUN
emaj-79	21	11	to	to	ADP
emaj-79	21	12	the	the	DET
emaj-79	21	13	du	du	ADJ
emaj-79	21	14	-	-	ADJ
emaj-79	21	15	pont	pont	ADJ
emaj-79	21	16	model	model	NOUN
emaj-79	21	17	.	.	PUNCT
emaj-79	22	1	this	this	DET
emaj-79	22	2	modification	modification	NOUN
emaj-79	22	3	resulted	result	VERB
emaj-79	22	4	in	in	ADP
emaj-79	22	5	the	the	DET
emaj-79	22	6	five	five	NUM
emaj-79	22	7	step	step	NOUN
emaj-79	22	8	du	du	NOUN
emaj-79	22	9	-	-	NOUN
emaj-79	22	10	pont	pont	NOUN
emaj-79	22	11	which	which	PRON
emaj-79	22	12	explained	explain	VERB
emaj-79	22	13	roe	roe	NOUN
emaj-79	22	14	as	as	ADP
emaj-79	22	15	a	a	DET
emaj-79	22	16	function	function	NOUN
emaj-79	22	17	of	of	ADP
emaj-79	22	18	five	five	NUM
emaj-79	22	19	different	different	ADJ
emaj-79	22	20	ratios	ratio	NOUN
emaj-79	22	21	that	that	SCONJ
emaj-79	22	22	combining	combine	VERB
emaj-79	22	23	to	to	PART
emaj-79	22	24	explain	explain	VERB
emaj-79	22	25	roe	roe	NOUN
emaj-79	22	26	in	in	ADP
emaj-79	22	27	an	an	DET
emaj-79	22	28	attempt	attempt	NOUN
emaj-79	22	29	to	to	PART
emaj-79	22	30	overcome	overcome	VERB
emaj-79	22	31	the	the	DET
emaj-79	22	32	shortcomings	shortcoming	NOUN
emaj-79	22	33	of	of	ADP
emaj-79	22	34	the	the	DET
emaj-79	22	35	three	three	NUM
emaj-79	22	36	step	step	NOUN
emaj-79	22	37	du	du	NOUN
emaj-79	22	38	-	-	ADJ
emaj-79	22	39	pont	pont	ADJ
emaj-79	22	40	ratio	ratio	NOUN
emaj-79	22	41	.	.	PUNCT
emaj-79	23	1	in	in	ADP
emaj-79	23	2	the	the	DET
emaj-79	23	3	five	five	NUM
emaj-79	23	4	step	step	NOUN
emaj-79	23	5	du	du	NOUN
emaj-79	23	6	-	-	ADJ
emaj-79	23	7	pont	pont	ADJ
emaj-79	23	8	ratio	ratio	NOUN
emaj-79	23	9	analysis	analysis	NOUN
emaj-79	23	10	,	,	PUNCT
emaj-79	23	11	hawawini	hawawini	NOUN
emaj-79	23	12	and	and	CCONJ
emaj-79	23	13	viallet	viallet	NOUN
emaj-79	23	14	(	(	PUNCT
emaj-79	23	15	1999	1999	NUM
emaj-79	23	16	)	)	PUNCT
emaj-79	23	17	admit	admit	VERB
emaj-79	23	18	that	that	SCONJ
emaj-79	23	19	annual	annual	ADJ
emaj-79	23	20	financial	financial	ADJ
emaj-79	23	21	statements	statement	NOUN
emaj-79	23	22	of	of	ADP
emaj-79	23	23	firms	firm	NOUN
emaj-79	23	24	are	be	AUX
emaj-79	23	25	not	not	PART
emaj-79	23	26	only	only	ADV
emaj-79	23	27	useful	useful	ADJ
emaj-79	23	28	to	to	ADP
emaj-79	23	29	managers	manager	NOUN
emaj-79	23	30	,	,	PUNCT
emaj-79	23	31	but	but	CCONJ
emaj-79	23	32	also	also	ADV
emaj-79	23	33	to	to	ADP
emaj-79	23	34	creditors	creditor	NOUN
emaj-79	23	35	and	and	CCONJ
emaj-79	23	36	tax	tax	NOUN
emaj-79	23	37	agencies	agency	NOUN
emaj-79	23	38	in	in	ADP
emaj-79	23	39	making	make	VERB
emaj-79	23	40	operational	operational	ADJ
emaj-79	23	41	and	and	CCONJ
emaj-79	23	42	financial	financial	ADJ
emaj-79	23	43	decisions	decision	NOUN
emaj-79	23	44	.	.	PUNCT
emaj-79	24	1	hence	hence	ADV
emaj-79	24	2	,	,	PUNCT
emaj-79	24	3	the	the	DET
emaj-79	24	4	three	three	NUM
emaj-79	24	5	step	step	NOUN
emaj-79	24	6	du	du	NOUN
emaj-79	24	7	-	-	NOUN
emaj-79	24	8	pont	pont	NOUN
emaj-79	24	9	did	do	AUX
emaj-79	24	10	not	not	PART
emaj-79	24	11	capture	capture	VERB
emaj-79	24	12	cost	cost	NOUN
emaj-79	24	13	of	of	ADP
emaj-79	24	14	debts	debt	NOUN
emaj-79	24	15	(	(	PUNCT
emaj-79	24	16	creditor	creditor	NOUN
emaj-79	24	17	reward	reward	NOUN
emaj-79	24	18	)	)	PUNCT
emaj-79	24	19	and	and	CCONJ
emaj-79	24	20	tax	tax	NOUN
emaj-79	24	21	effects	effect	NOUN
emaj-79	24	22	(	(	PUNCT
emaj-79	24	23	government	government	NOUN
emaj-79	24	24	reward	reward	NOUN
emaj-79	24	25	)	)	PUNCT
emaj-79	24	26	as	as	ADP
emaj-79	24	27	conditions	condition	NOUN
emaj-79	24	28	that	that	PRON
emaj-79	24	29	affect	affect	VERB
emaj-79	24	30	return	return	NOUN
emaj-79	24	31	on	on	ADP
emaj-79	24	32	equity	equity	NOUN
emaj-79	24	33	.	.	PUNCT
emaj-79	25	1	these	these	DET
emaj-79	25	2	setbacks	setback	NOUN
emaj-79	25	3	highlighted	highlight	VERB
emaj-79	25	4	above	above	ADV
emaj-79	25	5	led	lead	VERB
emaj-79	25	6	to	to	ADP
emaj-79	25	7	the	the	DET
emaj-79	25	8	development	development	NOUN
emaj-79	25	9	of	of	ADP
emaj-79	25	10	an	an	DET
emaj-79	25	11	expanded	expand	VERB
emaj-79	25	12	,	,	PUNCT
emaj-79	25	13	five	five	NUM
emaj-79	25	14	-	-	PUNCT
emaj-79	25	15	step	step	NOUN
emaj-79	25	16	model	model	NOUN
emaj-79	25	17	of	of	ADP
emaj-79	25	18	dupont	dupont	PROPN
emaj-79	25	19	analysis	analysis	NOUN
emaj-79	25	20	,	,	PUNCT
emaj-79	25	21	which	which	PRON
emaj-79	25	22	breaks	break	VERB
emaj-79	25	23	down	down	ADP
emaj-79	25	24	the	the	DET
emaj-79	25	25	net	net	ADJ
emaj-79	25	26	profit	profit	NOUN
emaj-79	25	27	margin	margin	NOUN
emaj-79	25	28	even	even	ADV
emaj-79	25	29	further	far	ADV
emaj-79	25	30	to	to	PART
emaj-79	25	31	assess	assess	VERB
emaj-79	25	32	the	the	DET
emaj-79	25	33	impact	impact	NOUN
emaj-79	25	34	of	of	ADP
emaj-79	25	35	higher	high	ADJ
emaj-79	25	36	borrowing	borrowing	NOUN
emaj-79	25	37	costs	cost	NOUN
emaj-79	25	38	associated	associate	VERB
emaj-79	25	39	with	with	ADP
emaj-79	25	40	increased	increase	VERB
emaj-79	25	41	leverage	leverage	NOUN
emaj-79	25	42	(	(	PUNCT
emaj-79	25	43	brigham	brigham	PROPN
emaj-79	25	44	and	and	CCONJ
emaj-79	25	45	houston	houston	PROPN
emaj-79	25	46	,	,	PUNCT
emaj-79	25	47	2001	2001	NUM
emaj-79	25	48	)	)	PUNCT
emaj-79	25	49	.	.	PUNCT
emaj-79	26	1	the	the	DET
emaj-79	26	2	five	five	NUM
emaj-79	26	3	step	step	NOUN
emaj-79	26	4	du	du	NOUN
emaj-79	26	5	-	-	NOUN
emaj-79	26	6	pont	pont	NOUN
emaj-79	26	7	explains	explain	VERB
emaj-79	26	8	that	that	SCONJ
emaj-79	26	9	,	,	PUNCT
emaj-79	26	10	where	where	SCONJ
emaj-79	26	11	companies	company	NOUN
emaj-79	26	12	have	have	VERB
emaj-79	26	13	high	high	ADJ
emaj-79	26	14	cost	cost	NOUN
emaj-79	26	15	of	of	ADP
emaj-79	26	16	borrowing	borrowing	NOUN
emaj-79	26	17	,	,	PUNCT
emaj-79	26	18	their	their	PRON
emaj-79	26	19	interest	interest	NOUN
emaj-79	26	20	expense	expense	NOUN
emaj-79	26	21	on	on	ADP
emaj-79	26	22	more	more	ADJ
emaj-79	26	23	debt	debt	NOUN
emaj-79	26	24	could	could	AUX
emaj-79	26	25	offset	offset	VERB
emaj-79	26	26	the	the	DET
emaj-79	26	27	positive	positive	ADJ
emaj-79	26	28	effects	effect	NOUN
emaj-79	26	29	of	of	ADP
emaj-79	26	30	increased	increase	VERB
emaj-79	26	31	leverage	leverage	NOUN
emaj-79	26	32	.	.	PUNCT
emaj-79	27	1	in	in	ADP
emaj-79	27	2	addition	addition	NOUN
emaj-79	27	3	,	,	PUNCT
emaj-79	27	4	interest	interest	NOUN
emaj-79	27	5	expenses	expense	NOUN
emaj-79	27	6	for	for	ADP
emaj-79	27	7	most	most	ADJ
emaj-79	27	8	companies	company	NOUN
emaj-79	27	9	are	be	AUX
emaj-79	27	10	non	non	ADJ
emaj-79	27	11	-	-	ADJ
emaj-79	27	12	taxdeductible	taxdeductible	ADJ
emaj-79	27	13	,	,	PUNCT
emaj-79	27	14	so	so	CCONJ
emaj-79	27	15	the	the	DET
emaj-79	27	16	extended	extended	ADJ
emaj-79	27	17	model	model	NOUN
emaj-79	27	18	considers	consider	VERB
emaj-79	27	19	interest	interest	NOUN
emaj-79	27	20	charges	charge	NOUN
emaj-79	27	21	and	and	CCONJ
emaj-79	27	22	the	the	DET
emaj-79	27	23	company	company	NOUN
emaj-79	27	24	’s	’s	PART
emaj-79	27	25	tax	tax	NOUN
emaj-79	27	26	burden	burden	NOUN
emaj-79	27	27	(	(	PUNCT
emaj-79	27	28	soliman	soliman	NOUN
emaj-79	27	29	,	,	PUNCT
emaj-79	27	30	2008	2008	NUM
emaj-79	27	31	;	;	PUNCT
emaj-79	27	32	richardson	richardson	PROPN
emaj-79	27	33	et	et	PROPN
emaj-79	27	34	al	al	PROPN
emaj-79	27	35	.	.	PROPN
emaj-79	27	36	,	,	PUNCT
emaj-79	27	37	2006	2006	NUM
emaj-79	27	38	;	;	PUNCT
emaj-79	27	39	ross	ross	PROPN
emaj-79	27	40	et	et	PROPN
emaj-79	27	41	al	al	PROPN
emaj-79	27	42	.	.	PROPN
emaj-79	27	43	,	,	PUNCT
emaj-79	27	44	2008	2008	NUM
emaj-79	27	45	;	;	PUNCT
emaj-79	27	46	mcclure	mcclure	PROPN
emaj-79	27	47	,	,	PUNCT
emaj-79	27	48	2005	2005	NUM
emaj-79	27	49	)	)	PUNCT
emaj-79	27	50	.	.	PUNCT
emaj-79	28	1	we	we	PRON
emaj-79	28	2	are	be	AUX
emaj-79	28	3	further	far	ADV
emaj-79	28	4	fascinated	fascinated	ADJ
emaj-79	28	5	about	about	ADP
emaj-79	28	6	the	the	DET
emaj-79	28	7	five	five	NUM
emaj-79	28	8	step	step	NOUN
emaj-79	28	9	du	du	NOUN
emaj-79	28	10	-	-	NOUN
emaj-79	28	11	pont	pont	NOUN
emaj-79	28	12	as	as	SCONJ
emaj-79	28	13	it	it	PRON
emaj-79	28	14	is	be	AUX
emaj-79	28	15	able	able	ADJ
emaj-79	28	16	to	to	PART
emaj-79	28	17	capture	capture	VERB
emaj-79	28	18	both	both	DET
emaj-79	28	19	industry	industry	NOUN
emaj-79	28	20	and	and	CCONJ
emaj-79	28	21	macroeconomic	macroeconomic	ADJ
emaj-79	28	22	level	level	NOUN
emaj-79	28	23	variables	variable	NOUN
emaj-79	28	24	(	(	PUNCT
emaj-79	28	25	see	see	VERB
emaj-79	28	26	nissim	nissim	PROPN
emaj-79	28	27	&	&	CCONJ
emaj-79	28	28	penman	penman	PROPN
emaj-79	28	29	,	,	PUNCT
emaj-79	28	30	2001	2001	NUM
emaj-79	28	31	;	;	PUNCT
emaj-79	28	32	fairfield	fairfield	PROPN
emaj-79	28	33	and	and	CCONJ
emaj-79	28	34	yohn	yohn	PROPN
emaj-79	28	35	,	,	PUNCT
emaj-79	28	36	2001	2001	NUM
emaj-79	28	37	;	;	PUNCT
emaj-79	28	38	ge	ge	PROPN
emaj-79	28	39	and	and	CCONJ
emaj-79	28	40	soliman	soliman	NOUN
emaj-79	28	41	2007	2007	NUM
emaj-79	28	42	)	)	PUNCT
emaj-79	28	43	.	.	PUNCT
emaj-79	29	1	despite	despite	SCONJ
emaj-79	29	2	the	the	DET
emaj-79	29	3	five	five	NUM
emaj-79	29	4	step	step	NOUN
emaj-79	29	5	du	du	NOUN
emaj-79	29	6	-	-	ADJ
emaj-79	29	7	pont	pont	ADJ
emaj-79	29	8	ratio	ratio	NOUN
emaj-79	29	9	analysis	analysis	NOUN
emaj-79	29	10	overcoming	overcome	VERB
emaj-79	29	11	the	the	DET
emaj-79	29	12	challenge	challenge	NOUN
emaj-79	29	13	of	of	ADP
emaj-79	29	14	one	one	NUM
emaj-79	29	15	dimensionality	dimensionality	NOUN
emaj-79	29	16	to	to	PART
emaj-79	29	17	explain	explain	VERB
emaj-79	29	18	roe	roe	NOUN
emaj-79	29	19	as	as	ADP
emaj-79	29	20	coming	come	VERB
emaj-79	29	21	from	from	ADP
emaj-79	29	22	five	five	NUM
emaj-79	29	23	different	different	ADJ
emaj-79	29	24	factors	factor	NOUN
emaj-79	29	25	,	,	PUNCT
emaj-79	29	26	we	we	PRON
emaj-79	29	27	cite	cite	VERB
emaj-79	29	28	no	no	DET
emaj-79	29	29	study	study	NOUN
emaj-79	29	30	that	that	PRON
emaj-79	29	31	employs	employ	VERB
emaj-79	29	32	the	the	DET
emaj-79	29	33	five	five	NUM
emaj-79	29	34	step	step	NOUN
emaj-79	29	35	du	du	NOUN
emaj-79	29	36	-	-	NOUN
emaj-79	29	37	pont	pont	ADJ
emaj-79	29	38	ratio	ratio	NOUN
emaj-79	29	39	analysis	analysis	NOUN
emaj-79	29	40	in	in	ADP
emaj-79	29	41	empirical	empirical	ADJ
emaj-79	29	42	studies	study	NOUN
emaj-79	29	43	.	.	PUNCT
emaj-79	30	1	however	however	ADV
emaj-79	30	2	,	,	PUNCT
emaj-79	30	3	we	we	PRON
emaj-79	30	4	cited	cite	VERB
emaj-79	30	5	some	some	DET
emaj-79	30	6	studies	study	NOUN
emaj-79	30	7	that	that	PRON
emaj-79	30	8	have	have	AUX
emaj-79	30	9	used	use	VERB
emaj-79	30	10	the	the	DET
emaj-79	30	11	three	three	NUM
emaj-79	30	12	step	step	NOUN
emaj-79	30	13	du	du	NOUN
emaj-79	30	14	-	-	ADJ
emaj-79	30	15	pont	pont	ADJ
emaj-79	30	16	ratio	ratio	NOUN
emaj-79	30	17	analysis	analysis	NOUN
emaj-79	30	18	in	in	ADP
emaj-79	30	19	empirical	empirical	ADJ
emaj-79	30	20	studies	study	NOUN
emaj-79	30	21	(	(	PUNCT
emaj-79	30	22	see	see	VERB
emaj-79	30	23	moss	moss	NOUN
emaj-79	30	24	,	,	PUNCT
emaj-79	30	25	mishra	mishra	PROPN
emaj-79	30	26	and	and	CCONJ
emaj-79	30	27	dedah	dedah	PROPN
emaj-79	30	28	,	,	PUNCT
emaj-79	30	29	2009	2009	NUM
emaj-79	30	30	;	;	PUNCT
emaj-79	30	31	moss	moss	NOUN
emaj-79	30	32	et	et	PROPN
emaj-79	30	33	al	al	PROPN
emaj-79	30	34	.	.	PROPN
emaj-79	30	35	,	,	PUNCT
emaj-79	30	36	2009	2009	NUM
emaj-79	30	37	;	;	PUNCT
emaj-79	30	38	selvarasu	selvarasu	PROPN
emaj-79	30	39	et	et	PROPN
emaj-79	30	40	al	al	PROPN
emaj-79	30	41	.	.	PROPN
emaj-79	30	42	,	,	PUNCT
emaj-79	30	43	2010	2010	NUM
emaj-79	30	44	;	;	PUNCT
emaj-79	30	45	weeden	weeden	NOUN
emaj-79	30	46	and	and	CCONJ
emaj-79	30	47	langemeier	langemeier	NOUN
emaj-79	30	48	,	,	PUNCT
emaj-79	30	49	2008	2008	NUM
emaj-79	30	50	)	)	PUNCT
emaj-79	30	51	.	.	PUNCT
emaj-79	31	1	we	we	PRON
emaj-79	31	2	however	however	ADV
emaj-79	31	3	cite	cite	VERB
emaj-79	31	4	liesz	liesz	ADJ
emaj-79	31	5	(	(	PUNCT
emaj-79	31	6	1999	1999	NUM
emaj-79	31	7	)	)	PUNCT
emaj-79	31	8	who	who	PRON
emaj-79	31	9	employed	employ	VERB
emaj-79	31	10	all	all	DET
emaj-79	31	11	the	the	DET
emaj-79	31	12	five	five	NUM
emaj-79	31	13	variables	variable	NOUN
emaj-79	31	14	in	in	ADP
emaj-79	31	15	the	the	DET
emaj-79	31	16	five	five	NUM
emaj-79	31	17	step	step	NOUN
emaj-79	31	18	du	du	NOUN
emaj-79	31	19	-	-	ADJ
emaj-79	31	20	pont	pont	ADJ
emaj-79	31	21	ratio	ratio	NOUN
emaj-79	31	22	,	,	PUNCT
emaj-79	31	23	but	but	CCONJ
emaj-79	31	24	substituted	substitute	VERB
emaj-79	31	25	equity	equity	NOUN
emaj-79	31	26	multiplier	multiplier	ADV
emaj-79	31	27	with	with	ADP
emaj-79	31	28	equity	equity	NOUN
emaj-79	31	29	turnover	turnover	NOUN
emaj-79	31	30	.	.	PUNCT
emaj-79	32	1	the	the	DET
emaj-79	32	2	du	du	ADJ
emaj-79	32	3	-	-	ADJ
emaj-79	32	4	pont	pont	ADJ
emaj-79	32	5	ratio	ratio	NOUN
emaj-79	32	6	analysis	analysis	NOUN
emaj-79	32	7	is	be	AUX
emaj-79	32	8	employed	employ	VERB
emaj-79	32	9	to	to	PART
emaj-79	32	10	investigate	investigate	VERB
emaj-79	32	11	the	the	DET
emaj-79	32	12	profitability	profitability	NOUN
emaj-79	32	13	of	of	ADP
emaj-79	32	14	banks	bank	NOUN
emaj-79	32	15	in	in	ADP
emaj-79	32	16	ghana	ghana	PROPN
emaj-79	32	17	,	,	PUNCT
emaj-79	32	18	because	because	SCONJ
emaj-79	32	19	roe	roe	PROPN
emaj-79	32	20	which	which	PRON
emaj-79	32	21	indicates	indicate	VERB
emaj-79	32	22	the	the	DET
emaj-79	32	23	return	return	NOUN
emaj-79	32	24	to	to	ADP
emaj-79	32	25	equity	equity	NOUN
emaj-79	32	26	holders	holder	NOUN
emaj-79	32	27	kept	keep	VERB
emaj-79	32	28	declining	decline	VERB
emaj-79	32	29	from	from	ADP
emaj-79	32	30	2003	2003	NUM
emaj-79	32	31	,	,	PUNCT
emaj-79	32	32	until	until	SCONJ
emaj-79	32	33	it	it	PRON
emaj-79	32	34	began	begin	VERB
emaj-79	32	35	to	to	PART
emaj-79	32	36	rise	rise	VERB
emaj-79	32	37	from	from	ADP
emaj-79	32	38	2009	2009	NUM
emaj-79	32	39	till	till	SCONJ
emaj-79	32	40	2013	2013	NUM
emaj-79	32	41	.	.	PUNCT
emaj-79	33	1	hence	hence	ADV
emaj-79	33	2	,	,	PUNCT
emaj-79	33	3	the	the	DET
emaj-79	33	4	purpose	purpose	NOUN
emaj-79	33	5	of	of	ADP
emaj-79	33	6	this	this	DET
emaj-79	33	7	study	study	NOUN
emaj-79	33	8	is	be	AUX
emaj-79	33	9	in	in	ADP
emaj-79	33	10	two	two	NUM
emaj-79	33	11	folds	fold	NOUN
emaj-79	33	12	.	.	PUNCT
emaj-79	34	1	first	first	ADV
emaj-79	34	2	,	,	PUNCT
emaj-79	34	3	identify	identify	VERB
emaj-79	34	4	and	and	CCONJ
emaj-79	34	5	rank	rank	VERB
emaj-79	34	6	banks	bank	NOUN
emaj-79	34	7	using	use	VERB
emaj-79	34	8	the	the	DET
emaj-79	34	9	variables	variable	NOUN
emaj-79	34	10	of	of	ADP
emaj-79	34	11	the	the	DET
emaj-79	34	12	five	five	NUM
emaj-79	34	13	step	step	NOUN
emaj-79	34	14	du	du	ADJ
emaj-79	34	15	-	-	ADJ
emaj-79	34	16	pont	pont	ADJ
emaj-79	34	17	model	model	NOUN
emaj-79	34	18	and	and	CCONJ
emaj-79	34	19	second	second	ADJ
emaj-79	34	20	,	,	PUNCT
emaj-79	34	21	the	the	DET
emaj-79	34	22	study	study	NOUN
emaj-79	34	23	estimates	estimate	VERB
emaj-79	34	24	the	the	DET
emaj-79	34	25	driver	driver	NOUN
emaj-79	34	26	of	of	ADP
emaj-79	34	27	roe	roe	PROPN
emaj-79	34	28	during	during	ADP
emaj-79	34	29	its	its	PRON
emaj-79	34	30	declining	decline	VERB
emaj-79	34	31	and	and	CCONJ
emaj-79	34	32	rising	rise	VERB
emaj-79	34	33	periods	period	NOUN
emaj-79	34	34	.	.	PUNCT
emaj-79	35	1	2	2	X
emaj-79	35	2	.	.	X
emaj-79	35	3	the	the	DET
emaj-79	35	4	du	du	ADJ
emaj-79	35	5	-	-	ADJ
emaj-79	35	6	pont	pont	ADJ
emaj-79	35	7	model	model	NOUN
emaj-79	35	8	traditional	traditional	ADJ
emaj-79	35	9	financial	financial	ADJ
emaj-79	35	10	ratios	ratio	NOUN
emaj-79	35	11	have	have	AUX
emaj-79	35	12	gained	gain	VERB
emaj-79	35	13	much	much	ADJ
emaj-79	35	14	acceptability	acceptability	NOUN
emaj-79	35	15	among	among	ADP
emaj-79	35	16	financial	financial	ADJ
emaj-79	35	17	analysts	analyst	NOUN
emaj-79	35	18	,	,	PUNCT
emaj-79	35	19	lenders	lender	NOUN
emaj-79	35	20	and	and	CCONJ
emaj-79	35	21	academic	academic	ADJ
emaj-79	35	22	researchers	researcher	NOUN
emaj-79	35	23	(	(	PUNCT
emaj-79	35	24	osteryoung	osteryoung	PROPN
emaj-79	35	25	&	&	CCONJ
emaj-79	35	26	constand	constand	PROPN
emaj-79	35	27	,	,	PUNCT
emaj-79	35	28	1992	1992	NUM
emaj-79	35	29	;	;	PUNCT
emaj-79	35	30	devine	devine	PROPN
emaj-79	35	31	&	&	CCONJ
emaj-79	35	32	seaton	seaton	PROPN
emaj-79	35	33	,	,	PUNCT
emaj-79	35	34	1995	1995	NUM
emaj-79	35	35	;	;	PUNCT
emaj-79	35	36	or	or	CCONJ
emaj-79	35	37	burson	burson	PROPN
emaj-79	35	38	,	,	PUNCT
emaj-79	35	39	1998	1998	NUM
emaj-79	35	40	)	)	PUNCT
emaj-79	35	41	.	.	PUNCT
emaj-79	36	1	however	however	ADV
emaj-79	36	2	,	,	PUNCT
emaj-79	36	3	popularity	popularity	NOUN
emaj-79	36	4	of	of	ADP
emaj-79	36	5	the	the	DET
emaj-79	36	6	du	du	NOUN
emaj-79	36	7	-	-	ADJ
emaj-79	36	8	pont	pont	NOUN
emaj-79	36	9	began	begin	VERB
emaj-79	36	10	in	in	ADP
emaj-79	36	11	1981	1981	NUM
emaj-79	36	12	four	four	NUM
emaj-79	36	13	year	year	NOUN
emaj-79	36	14	after	after	SCONJ
emaj-79	36	15	donaldson	donaldson	PROPN
emaj-79	36	16	brown	brown	PROPN
emaj-79	36	17	was	be	AUX
emaj-79	36	18	hired	hire	VERB
emaj-79	36	19	by	by	ADP
emaj-79	36	20	the	the	DET
emaj-79	36	21	du	du	ADJ
emaj-79	36	22	-	-	ADJ
emaj-79	36	23	pont	pont	ADJ
emaj-79	36	24	corporation	corporation	NOUN
emaj-79	36	25	.	.	PUNCT
emaj-79	37	1	at	at	ADP
emaj-79	37	2	this	this	DET
emaj-79	37	3	period	period	NOUN
emaj-79	37	4	,	,	PUNCT
emaj-79	37	5	roa	roa	PROPN
emaj-79	37	6	maximization	maximization	NOUN
emaj-79	37	7	was	be	AUX
emaj-79	37	8	the	the	DET
emaj-79	37	9	sole	sole	ADJ
emaj-79	37	10	aim	aim	NOUN
emaj-79	37	11	of	of	ADP
emaj-79	37	12	financial	financial	ADJ
emaj-79	37	13	managers	manager	NOUN
emaj-79	37	14	(	(	PUNCT
emaj-79	37	15	blumenthal	blumenthal	PROPN
emaj-79	37	16	,	,	PUNCT
emaj-79	37	17	1998	1998	NUM
emaj-79	37	18	)	)	PUNCT
emaj-79	37	19	.	.	PUNCT
emaj-79	38	1	donaldson	donaldson	PROPN
emaj-79	38	2	brown	brown	PROPN
emaj-79	38	3	identified	identify	VERB
emaj-79	38	4	the	the	DET
emaj-79	38	5	mathematical	mathematical	ADJ
emaj-79	38	6	relationship	relationship	NOUN
emaj-79	38	7	that	that	PRON
emaj-79	38	8	existed	exist	VERB
emaj-79	38	9	between	between	ADP
emaj-79	38	10	two	two	NUM
emaj-79	38	11	commonly	commonly	ADV
emaj-79	38	12	computed	compute	VERB
emaj-79	38	13	ratios	ratio	NOUN
emaj-79	38	14	,	,	PUNCT
emaj-79	38	15	namely	namely	ADV
emaj-79	38	16	net	net	ADJ
emaj-79	38	17	profit	profit	NOUN
emaj-79	38	18	margin	margin	NOUN
emaj-79	38	19	(	(	PUNCT
emaj-79	38	20	obviously	obviously	ADV
emaj-79	38	21	a	a	DET
emaj-79	38	22	profitability	profitability	NOUN
emaj-79	38	23	from	from	ADP
emaj-79	38	24	volume	volume	NOUN
emaj-79	38	25	5	5	NUM
emaj-79	38	26	no	no	DET
emaj-79	38	27	2	2	NUM
emaj-79	38	28	(	(	PUNCT
emaj-79	38	29	2015	2015	NUM
emaj-79	38	30	)	)	PUNCT
emaj-79	38	31	|	|	ADV
emaj-79	38	32	issn	issn	VERB
emaj-79	38	33	2158	2158	NUM
emaj-79	38	34	-	-	SYM
emaj-79	38	35	8708	8708	NUM
emaj-79	38	36	(	(	PUNCT
emaj-79	38	37	online	online	NOUN
emaj-79	38	38	)	)	PUNCT
emaj-79	38	39	|	|	ADV
emaj-79	38	40	doi	doi	X
emaj-79	38	41	10.5195	10.5195	NUM
emaj-79	38	42	/	/	SYM
emaj-79	38	43	emaj.2015.79	emaj.2015.79	VERB
emaj-79	38	44	|	|	ADV
emaj-79	38	45	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	38	46	evaluating	evaluate	VERB
emaj-79	38	47	banking	banking	NOUN
emaj-79	38	48	profit	profit	NOUN
emaj-79	38	49	performance	performance	NOUN
emaj-79	38	50	in	in	ADP
emaj-79	38	51	ghana	ghana	PROPN
emaj-79	38	52	during	during	ADP
emaj-79	38	53	and	and	CCONJ
emaj-79	38	54	post	post	VERB
emaj-79	38	55	profit	profit	NOUN
emaj-79	38	56	decline	decline	NOUN
emaj-79	38	57	:	:	PUNCT
emaj-79	38	58	a	a	DET
emaj-79	38	59	five	five	NUM
emaj-79	38	60	step	step	NOUN
emaj-79	38	61	du	du	ADJ
emaj-79	38	62	-	-	ADJ
emaj-79	38	63	pont	pont	ADJ
emaj-79	38	64	approach	approach	NOUN
emaj-79	38	65	page	page	NOUN
emaj-79	38	66	|30|	|30|	VERB
emaj-79	38	67	emerging	emerge	VERB
emaj-79	38	68	markets	market	NOUN
emaj-79	38	69	journal	journal	NOUN
emaj-79	38	70	operating	operating	NOUN
emaj-79	38	71	activities	activity	NOUN
emaj-79	38	72	)	)	PUNCT
emaj-79	38	73	and	and	CCONJ
emaj-79	38	74	total	total	ADJ
emaj-79	38	75	asset	asset	NOUN
emaj-79	38	76	turnover	turnover	NOUN
emaj-79	38	77	(	(	PUNCT
emaj-79	38	78	an	an	DET
emaj-79	38	79	efficiency	efficiency	NOUN
emaj-79	38	80	measure	measure	NOUN
emaj-79	38	81	)	)	PUNCT
emaj-79	38	82	,	,	PUNCT
emaj-79	38	83	and	and	CCONJ
emaj-79	38	84	roa	roa	PROPN
emaj-79	38	85	(	(	PUNCT
emaj-79	38	86	net	net	ADJ
emaj-79	38	87	income	income	NOUN
emaj-79	38	88	/	/	SYM
emaj-79	38	89	sales	sale	NOUN
emaj-79	38	90	)	)	PUNCT
emaj-79	38	91	x	x	X
emaj-79	38	92	(	(	PUNCT
emaj-79	38	93	sales	sales	NOUN
emaj-79	38	94	/	/	SYM
emaj-79	38	95	total	total	ADJ
emaj-79	38	96	assets	asset	NOUN
emaj-79	38	97	)	)	PUNCT
emaj-79	38	98	=	=	SYM
emaj-79	38	99	(	(	PUNCT
emaj-79	38	100	net	net	ADJ
emaj-79	38	101	income	income	NOUN
emaj-79	38	102	/	/	SYM
emaj-79	38	103	total	total	ADJ
emaj-79	38	104	assets	asset	NOUN
emaj-79	38	105	)	)	PUNCT
emaj-79	38	106	.	.	PUNCT
emaj-79	39	1	once	once	ADV
emaj-79	39	2	this	this	PRON
emaj-79	39	3	was	be	AUX
emaj-79	39	4	identified	identify	VERB
emaj-79	39	5	,	,	PUNCT
emaj-79	39	6	it	it	PRON
emaj-79	39	7	named	name	VERB
emaj-79	39	8	the	the	DET
emaj-79	39	9	two	two	NUM
emaj-79	39	10	step	step	NOUN
emaj-79	39	11	du	du	NOUN
emaj-79	39	12	-	-	NOUN
emaj-79	39	13	pont	pont	NOUN
emaj-79	39	14	and	and	CCONJ
emaj-79	39	15	led	lead	VERB
emaj-79	39	16	the	the	DET
emaj-79	39	17	improvement	improvement	NOUN
emaj-79	39	18	of	of	ADP
emaj-79	39	19	a	a	DET
emaj-79	39	20	system	system	NOUN
emaj-79	39	21	of	of	ADP
emaj-79	39	22	planning	planning	NOUN
emaj-79	39	23	and	and	CCONJ
emaj-79	39	24	control	control	NOUN
emaj-79	39	25	for	for	ADP
emaj-79	39	26	all	all	DET
emaj-79	39	27	operating	operate	VERB
emaj-79	39	28	decisions	decision	NOUN
emaj-79	39	29	in	in	ADP
emaj-79	39	30	a	a	DET
emaj-79	39	31	firm	firm	NOUN
emaj-79	39	32	(	(	PUNCT
emaj-79	39	33	blumenthal	blumenthal	PROPN
emaj-79	39	34	,	,	PUNCT
emaj-79	39	35	1998	1998	NUM
emaj-79	39	36	)	)	PUNCT
emaj-79	39	37	.	.	PUNCT
emaj-79	40	1	gitman	gitman	NOUN
emaj-79	40	2	(	(	PUNCT
emaj-79	40	3	1998	1998	NUM
emaj-79	40	4	)	)	PUNCT
emaj-79	40	5	suggests	suggest	VERB
emaj-79	40	6	that	that	SCONJ
emaj-79	40	7	,	,	PUNCT
emaj-79	40	8	the	the	DET
emaj-79	40	9	sole	sole	ADJ
emaj-79	40	10	aim	aim	NOUN
emaj-79	40	11	of	of	ADP
emaj-79	40	12	financial	financial	ADJ
emaj-79	40	13	managers	manager	NOUN
emaj-79	40	14	was	be	AUX
emaj-79	40	15	modified	modify	VERB
emaj-79	40	16	and	and	CCONJ
emaj-79	40	17	changed	change	VERB
emaj-79	40	18	from	from	ADP
emaj-79	40	19	roa	roa	PROPN
emaj-79	40	20	maximization	maximization	NOUN
emaj-79	40	21	to	to	ADP
emaj-79	40	22	roe	roe	PROPN
emaj-79	40	23	maximization	maximization	NOUN
emaj-79	40	24	(	(	PUNCT
emaj-79	40	25	that	that	PRON
emaj-79	40	26	is	be	AUX
emaj-79	40	27	equity	equity	NOUN
emaj-79	40	28	or	or	CCONJ
emaj-79	40	29	shareholder	shareholder	NOUN
emaj-79	40	30	value	value	NOUN
emaj-79	40	31	maximization	maximization	NOUN
emaj-79	40	32	)	)	PUNCT
emaj-79	40	33	.	.	PUNCT
emaj-79	41	1	hence	hence	ADV
emaj-79	41	2	,	,	PUNCT
emaj-79	41	3	the	the	DET
emaj-79	41	4	original	original	ADJ
emaj-79	41	5	du	du	NOUN
emaj-79	41	6	-	-	NOUN
emaj-79	41	7	pont	pont	ADJ
emaj-79	41	8	(	(	PUNCT
emaj-79	41	9	roa	roa	NOUN
emaj-79	41	10	)	)	PUNCT
emaj-79	41	11	was	be	AUX
emaj-79	41	12	also	also	ADV
emaj-79	41	13	modified	modify	VERB
emaj-79	41	14	to	to	PART
emaj-79	41	15	suit	suit	VERB
emaj-79	41	16	the	the	DET
emaj-79	41	17	corporate	corporate	ADJ
emaj-79	41	18	goal	goal	NOUN
emaj-79	41	19	,	,	PUNCT
emaj-79	41	20	shareholder	shareholder	NOUN
emaj-79	41	21	(	(	PUNCT
emaj-79	41	22	roe	roe	NOUN
emaj-79	41	23	)	)	PUNCT
emaj-79	41	24	maximization	maximization	NOUN
emaj-79	41	25	.	.	PUNCT
emaj-79	42	1	the	the	DET
emaj-79	42	2	maximization	maximization	NOUN
emaj-79	42	3	of	of	ADP
emaj-79	42	4	shareholder	shareholder	NOUN
emaj-79	42	5	value	value	NOUN
emaj-79	42	6	(	(	PUNCT
emaj-79	42	7	roe	roe	NOUN
emaj-79	42	8	ratio	ratio	NOUN
emaj-79	42	9	)	)	PUNCT
emaj-79	42	10	was	be	AUX
emaj-79	42	11	decomposed	decompose	VERB
emaj-79	42	12	as	as	ADP
emaj-79	42	13	emanating	emanating	NOUN
emaj-79	42	14	from	from	ADP
emaj-79	42	15	net	net	ADJ
emaj-79	42	16	operating	operate	VERB
emaj-79	42	17	margin	margin	NOUN
emaj-79	42	18	(	(	PUNCT
emaj-79	42	19	profit	profit	NOUN
emaj-79	42	20	from	from	ADP
emaj-79	42	21	operating	operate	VERB
emaj-79	42	22	activities	activity	NOUN
emaj-79	42	23	)	)	PUNCT
emaj-79	42	24	,	,	PUNCT
emaj-79	42	25	asset	asset	NOUN
emaj-79	42	26	turnover	turnover	NOUN
emaj-79	42	27	(	(	PUNCT
emaj-79	42	28	efficient	efficient	ADJ
emaj-79	42	29	usage	usage	NOUN
emaj-79	42	30	of	of	ADP
emaj-79	42	31	assets	asset	NOUN
emaj-79	42	32	)	)	PUNCT
emaj-79	42	33	and	and	CCONJ
emaj-79	42	34	additional	additional	ADJ
emaj-79	42	35	leverage	leverage	NOUN
emaj-79	42	36	(	(	PUNCT
emaj-79	42	37	usage	usage	NOUN
emaj-79	42	38	of	of	ADP
emaj-79	42	39	debts	debt	NOUN
emaj-79	42	40	)	)	PUNCT
emaj-79	42	41	.	.	PUNCT
emaj-79	43	1	this	this	PRON
emaj-79	43	2	was	be	AUX
emaj-79	43	3	named	name	VERB
emaj-79	43	4	as	as	ADP
emaj-79	43	5	the	the	DET
emaj-79	43	6	three	three	NUM
emaj-79	43	7	step	step	NOUN
emaj-79	43	8	du	du	NOUN
emaj-79	43	9	-	-	NOUN
emaj-79	43	10	pont	pont	NOUN
emaj-79	43	11	and	and	CCONJ
emaj-79	43	12	expressed	express	VERB
emaj-79	43	13	as	as	ADP
emaj-79	43	14	roe	roe	PROPN
emaj-79	43	15	=	=	SYM
emaj-79	43	16	(	(	PUNCT
emaj-79	43	17	net	net	ADJ
emaj-79	43	18	income	income	NOUN
emaj-79	43	19	/	/	SYM
emaj-79	43	20	sales	sale	NOUN
emaj-79	43	21	)	)	PUNCT
emaj-79	43	22	x	x	X
emaj-79	43	23	(	(	PUNCT
emaj-79	43	24	sales	sales	NOUN
emaj-79	43	25	/	/	SYM
emaj-79	43	26	total	total	ADJ
emaj-79	43	27	assets	asset	NOUN
emaj-79	43	28	)	)	PUNCT
emaj-79	43	29	x	x	X
emaj-79	44	1	(	(	PUNCT
emaj-79	44	2	total	total	ADJ
emaj-79	44	3	assets	asset	NOUN
emaj-79	44	4	/	/	SYM
emaj-79	44	5	equity	equity	NOUN
emaj-79	44	6	)	)	PUNCT
emaj-79	44	7	.	.	PUNCT
emaj-79	45	1	this	this	PRON
emaj-79	45	2	remained	remain	VERB
emaj-79	45	3	as	as	ADP
emaj-79	45	4	the	the	DET
emaj-79	45	5	most	most	ADV
emaj-79	45	6	popular	popular	ADJ
emaj-79	45	7	du	du	ADJ
emaj-79	45	8	-	-	ADJ
emaj-79	45	9	pont	pont	ADJ
emaj-79	45	10	model	model	NOUN
emaj-79	45	11	until	until	ADP
emaj-79	45	12	when	when	SCONJ
emaj-79	45	13	the	the	DET
emaj-79	45	14	interest	interest	NOUN
emaj-79	45	15	of	of	ADP
emaj-79	45	16	creditors	creditor	NOUN
emaj-79	45	17	and	and	CCONJ
emaj-79	45	18	the	the	DET
emaj-79	45	19	tax	tax	NOUN
emaj-79	45	20	agencies	agency	NOUN
emaj-79	45	21	(	(	PUNCT
emaj-79	45	22	government	government	NOUN
emaj-79	45	23	)	)	PUNCT
emaj-79	45	24	began	begin	VERB
emaj-79	45	25	a	a	DET
emaj-79	45	26	concern	concern	NOUN
emaj-79	45	27	for	for	ADP
emaj-79	45	28	corporate	corporate	ADJ
emaj-79	45	29	entities	entity	NOUN
emaj-79	45	30	.	.	PUNCT
emaj-79	46	1	hence	hence	ADV
emaj-79	46	2	,	,	PUNCT
emaj-79	46	3	the	the	DET
emaj-79	46	4	three	three	NUM
emaj-79	46	5	step	step	NOUN
emaj-79	46	6	du	du	NOUN
emaj-79	46	7	-	-	NOUN
emaj-79	46	8	pont	pont	NOUN
emaj-79	46	9	did	do	AUX
emaj-79	46	10	not	not	PART
emaj-79	46	11	capture	capture	VERB
emaj-79	46	12	the	the	DET
emaj-79	46	13	effect	effect	NOUN
emaj-79	46	14	of	of	ADP
emaj-79	46	15	cost	cost	NOUN
emaj-79	46	16	of	of	ADP
emaj-79	46	17	debts	debt	NOUN
emaj-79	46	18	(	(	PUNCT
emaj-79	46	19	interest	interest	NOUN
emaj-79	46	20	burden	burden	NOUN
emaj-79	46	21	)	)	PUNCT
emaj-79	46	22	and	and	CCONJ
emaj-79	46	23	tax	tax	NOUN
emaj-79	46	24	effects	effect	NOUN
emaj-79	46	25	of	of	ADP
emaj-79	46	26	a	a	DET
emaj-79	46	27	firm	firm	NOUN
emaj-79	46	28	(	(	PUNCT
emaj-79	46	29	hawawini	hawawini	NOUN
emaj-79	46	30	and	and	CCONJ
emaj-79	46	31	viallet	viallet	NOUN
emaj-79	46	32	,	,	PUNCT
emaj-79	46	33	1999	1999	NUM
emaj-79	46	34	)	)	PUNCT
emaj-79	46	35	.	.	PUNCT
emaj-79	47	1	consequently	consequently	ADV
emaj-79	47	2	,	,	PUNCT
emaj-79	47	3	the	the	DET
emaj-79	47	4	five	five	NUM
emaj-79	47	5	step	step	NOUN
emaj-79	47	6	du	du	ADJ
emaj-79	47	7	-	-	ADJ
emaj-79	47	8	pont	pont	ADJ
emaj-79	47	9	model	model	NOUN
emaj-79	47	10	was	be	AUX
emaj-79	47	11	initiated	initiate	VERB
emaj-79	47	12	to	to	PART
emaj-79	47	13	capture	capture	VERB
emaj-79	47	14	these	these	DET
emaj-79	47	15	effects	effect	NOUN
emaj-79	47	16	and	and	CCONJ
emaj-79	47	17	was	be	AUX
emaj-79	47	18	expressed	express	VERB
emaj-79	47	19	as	as	ADP
emaj-79	47	20	roe	roe	NOUN
emaj-79	47	21	=	=	PROPN
emaj-79	47	22	(	(	PUNCT
emaj-79	47	23	ebit	ebit	NOUN
emaj-79	47	24	/	/	SYM
emaj-79	47	25	sales	sale	NOUN
emaj-79	47	26	)	)	PUNCT
emaj-79	47	27	x	x	X
emaj-79	47	28	(	(	PUNCT
emaj-79	47	29	sales	sales	NOUN
emaj-79	47	30	/	/	SYM
emaj-79	47	31	invested	invest	VERB
emaj-79	47	32	capital	capital	NOUN
emaj-79	47	33	)	)	PUNCT
emaj-79	48	1	x	x	X
emaj-79	48	2	(	(	PUNCT
emaj-79	48	3	ebt	ebt	PROPN
emaj-79	48	4	/	/	SYM
emaj-79	48	5	ebit	ebit	PROPN
emaj-79	48	6	)	)	PUNCT
emaj-79	48	7	x	x	PUNCT
emaj-79	48	8	(	(	PUNCT
emaj-79	48	9	invested	invest	VERB
emaj-79	48	10	capital	capital	NOUN
emaj-79	48	11	/	/	SYM
emaj-79	48	12	equity	equity	NOUN
emaj-79	48	13	)	)	PUNCT
emaj-79	49	1	x	x	X
emaj-79	49	2	(	(	PUNCT
emaj-79	49	3	eat	eat	VERB
emaj-79	49	4	/	/	SYM
emaj-79	49	5	ebt	ebt	PROPN
emaj-79	49	6	)	)	PUNCT
emaj-79	49	7	.	.	PUNCT
emaj-79	50	1	the	the	DET
emaj-79	50	2	five	five	NUM
emaj-79	50	3	step	step	NOUN
emaj-79	50	4	dupont	dupont	NOUN
emaj-79	50	5	model	model	NOUN
emaj-79	50	6	argues	argue	VERB
emaj-79	50	7	that	that	SCONJ
emaj-79	50	8	roe	roe	PROPN
emaj-79	50	9	is	be	AUX
emaj-79	50	10	also	also	ADV
emaj-79	50	11	affected	affect	VERB
emaj-79	50	12	by	by	ADP
emaj-79	50	13	cost	cost	NOUN
emaj-79	50	14	of	of	ADP
emaj-79	50	15	debts	debt	NOUN
emaj-79	50	16	and	and	CCONJ
emaj-79	50	17	the	the	DET
emaj-79	50	18	tax	tax	NOUN
emaj-79	50	19	requirements	requirement	NOUN
emaj-79	50	20	enforced	enforce	VERB
emaj-79	50	21	the	the	DET
emaj-79	50	22	domain	domain	NOUN
emaj-79	50	23	of	of	ADP
emaj-79	50	24	the	the	DET
emaj-79	50	25	firm	firm	NOUN
emaj-79	50	26	(	(	PUNCT
emaj-79	50	27	hawawini	hawawini	NOUN
emaj-79	50	28	and	and	CCONJ
emaj-79	50	29	viallet	viallet	NOUN
emaj-79	50	30	,	,	PUNCT
emaj-79	50	31	1999	1999	NUM
emaj-79	50	32	)	)	PUNCT
emaj-79	50	33	.	.	PUNCT
emaj-79	51	1	3	3	X
emaj-79	51	2	.	.	X
emaj-79	51	3	empirical	empirical	PROPN
emaj-79	51	4	review	review	PROPN
emaj-79	51	5	penman	penman	NOUN
emaj-79	51	6	(	(	PUNCT
emaj-79	51	7	2001	2001	NUM
emaj-79	51	8	)	)	PUNCT
emaj-79	51	9	shows	show	VERB
emaj-79	51	10	that	that	SCONJ
emaj-79	51	11	,	,	PUNCT
emaj-79	51	12	although	although	SCONJ
emaj-79	51	13	roe	roe	PROPN
emaj-79	51	14	can	can	AUX
emaj-79	51	15	be	be	AUX
emaj-79	51	16	mechanically	mechanically	ADV
emaj-79	51	17	increased	increase	VERB
emaj-79	51	18	through	through	ADP
emaj-79	51	19	leverage	leverage	NOUN
emaj-79	51	20	(	(	PUNCT
emaj-79	51	21	assuming	assume	VERB
emaj-79	51	22	positive	positive	ADJ
emaj-79	51	23	spread	spread	NOUN
emaj-79	51	24	)	)	PUNCT
emaj-79	51	25	,	,	PUNCT
emaj-79	51	26	the	the	DET
emaj-79	51	27	increase	increase	NOUN
emaj-79	51	28	in	in	ADP
emaj-79	51	29	the	the	DET
emaj-79	51	30	discount	discount	NOUN
emaj-79	51	31	rate	rate	NOUN
emaj-79	51	32	results	result	NOUN
emaj-79	51	33	in	in	ADP
emaj-79	51	34	no	no	DET
emaj-79	51	35	change	change	NOUN
emaj-79	51	36	in	in	ADP
emaj-79	51	37	equity	equity	NOUN
emaj-79	51	38	value	value	NOUN
emaj-79	51	39	.	.	PUNCT
emaj-79	52	1	fairfield	fairfield	PROPN
emaj-79	52	2	and	and	CCONJ
emaj-79	52	3	yohn	yohn	PROPN
emaj-79	52	4	(	(	PUNCT
emaj-79	52	5	2001	2001	NUM
emaj-79	52	6	)	)	PUNCT
emaj-79	52	7	were	be	AUX
emaj-79	52	8	the	the	DET
emaj-79	52	9	first	first	ADJ
emaj-79	52	10	to	to	PART
emaj-79	52	11	address	address	VERB
emaj-79	52	12	the	the	DET
emaj-79	52	13	question	question	NOUN
emaj-79	52	14	of	of	ADP
emaj-79	52	15	future	future	ADJ
emaj-79	52	16	predictive	predictive	ADJ
emaj-79	52	17	power	power	NOUN
emaj-79	52	18	and	and	CCONJ
emaj-79	52	19	found	find	VERB
emaj-79	52	20	that	that	SCONJ
emaj-79	52	21	ato	ato	PROPN
emaj-79	52	22	is	be	AUX
emaj-79	52	23	positively	positively	ADV
emaj-79	52	24	associated	associate	VERB
emaj-79	52	25	with	with	ADP
emaj-79	52	26	future	future	ADJ
emaj-79	52	27	changes	change	NOUN
emaj-79	52	28	in	in	ADP
emaj-79	52	29	return	return	NOUN
emaj-79	52	30	on	on	ADP
emaj-79	52	31	net	net	ADJ
emaj-79	52	32	operating	operate	VERB
emaj-79	52	33	assets	asset	NOUN
emaj-79	52	34	(	(	PUNCT
emaj-79	52	35	rnoa	rnoa	ADJ
emaj-79	52	36	)	)	PUNCT
emaj-79	52	37	,	,	PUNCT
emaj-79	52	38	but	but	CCONJ
emaj-79	52	39	that	that	DET
emaj-79	52	40	level	level	NOUN
emaj-79	52	41	of	of	ADP
emaj-79	52	42	pm	pm	NOUN
emaj-79	52	43	and	and	CCONJ
emaj-79	52	44	ato	ato	PROPN
emaj-79	52	45	have	have	VERB
emaj-79	52	46	no	no	DET
emaj-79	52	47	predictive	predictive	ADJ
emaj-79	52	48	value	value	NOUN
emaj-79	52	49	.	.	PUNCT
emaj-79	53	1	this	this	DET
emaj-79	53	2	result	result	NOUN
emaj-79	53	3	is	be	AUX
emaj-79	53	4	intuitive	intuitive	ADJ
emaj-79	53	5	because	because	SCONJ
emaj-79	53	6	the	the	DET
emaj-79	53	7	levels	level	NOUN
emaj-79	53	8	of	of	ADP
emaj-79	53	9	pm	pm	NOUN
emaj-79	53	10	and	and	CCONJ
emaj-79	53	11	ato	ato	NOUN
emaj-79	53	12	are	be	AUX
emaj-79	53	13	more	more	ADV
emaj-79	53	14	informative	informative	ADJ
emaj-79	53	15	toward	toward	ADP
emaj-79	53	16	a	a	DET
emaj-79	53	17	firm	firm	NOUN
emaj-79	53	18	’s	’s	PART
emaj-79	53	19	operating	operating	NOUN
emaj-79	53	20	structure	structure	NOUN
emaj-79	53	21	or	or	CCONJ
emaj-79	53	22	industry	industry	NOUN
emaj-79	53	23	membership	membership	NOUN
emaj-79	53	24	(	(	PUNCT
emaj-79	53	25	ge	ge	PROPN
emaj-79	53	26	and	and	CCONJ
emaj-79	53	27	soliman	soliman	NOUN
emaj-79	53	28	2007	2007	NUM
emaj-79	53	29	)	)	PUNCT
emaj-79	53	30	.	.	PUNCT
emaj-79	54	1	further	far	ADV
emaj-79	54	2	,	,	PUNCT
emaj-79	54	3	increases	increase	NOUN
emaj-79	54	4	in	in	ADP
emaj-79	54	5	ato	ato	PROPN
emaj-79	54	6	indicate	indicate	VERB
emaj-79	54	7	that	that	SCONJ
emaj-79	54	8	the	the	DET
emaj-79	54	9	firm	firm	NOUN
emaj-79	54	10	’s	’s	PART
emaj-79	54	11	ability	ability	NOUN
emaj-79	54	12	to	to	PART
emaj-79	54	13	generate	generate	VERB
emaj-79	54	14	sales	sale	NOUN
emaj-79	54	15	from	from	ADP
emaj-79	54	16	a	a	DET
emaj-79	54	17	given	give	VERB
emaj-79	54	18	investment	investment	NOUN
emaj-79	54	19	has	have	AUX
emaj-79	54	20	increased	increase	VERB
emaj-79	54	21	and	and	CCONJ
emaj-79	54	22	this	this	PRON
emaj-79	54	23	is	be	AUX
emaj-79	54	24	an	an	DET
emaj-79	54	25	indicator	indicator	NOUN
emaj-79	54	26	of	of	ADP
emaj-79	54	27	future	future	ADJ
emaj-79	54	28	efficiency	efficiency	NOUN
emaj-79	54	29	of	of	ADP
emaj-79	54	30	generating	generate	VERB
emaj-79	54	31	sales	sale	NOUN
emaj-79	54	32	from	from	ADP
emaj-79	54	33	assets	asset	NOUN
emaj-79	54	34	.	.	PUNCT
emaj-79	55	1	thus	thus	ADV
emaj-79	55	2	,	,	PUNCT
emaj-79	55	3	this	this	DET
emaj-79	55	4	type	type	NOUN
emaj-79	55	5	of	of	ADP
emaj-79	55	6	increase	increase	NOUN
emaj-79	55	7	in	in	ADP
emaj-79	55	8	profitability	profitability	NOUN
emaj-79	55	9	tends	tend	VERB
emaj-79	55	10	to	to	PART
emaj-79	55	11	persist	persist	VERB
emaj-79	55	12	.	.	PUNCT
emaj-79	56	1	collins	collins	PROPN
emaj-79	56	2	(	(	PUNCT
emaj-79	56	3	2010	2010	NUM
emaj-79	56	4	)	)	PUNCT
emaj-79	56	5	used	use	VERB
emaj-79	56	6	a	a	DET
emaj-79	56	7	general	general	ADJ
emaj-79	56	8	form	form	NOUN
emaj-79	56	9	of	of	ADP
emaj-79	56	10	the	the	DET
emaj-79	56	11	du	du	ADJ
emaj-79	56	12	-	-	ADJ
emaj-79	56	13	pont	pont	ADJ
emaj-79	56	14	expansion	expansion	NOUN
emaj-79	56	15	to	to	PART
emaj-79	56	16	develop	develop	VERB
emaj-79	56	17	a	a	DET
emaj-79	56	18	model	model	NOUN
emaj-79	56	19	of	of	ADP
emaj-79	56	20	optimal	optimal	ADJ
emaj-79	56	21	debt	debt	NOUN
emaj-79	56	22	,	,	PUNCT
emaj-79	56	23	which	which	PRON
emaj-79	56	24	emphasizes	emphasize	VERB
emaj-79	56	25	the	the	DET
emaj-79	56	26	choice	choice	NOUN
emaj-79	56	27	of	of	ADP
emaj-79	56	28	equity	equity	NOUN
emaj-79	56	29	.	.	PUNCT
emaj-79	57	1	in	in	ADP
emaj-79	57	2	order	order	NOUN
emaj-79	57	3	to	to	PART
emaj-79	57	4	effectively	effectively	ADV
emaj-79	57	5	evaluate	evaluate	VERB
emaj-79	57	6	operational	operational	ADJ
emaj-79	57	7	managers	manager	NOUN
emaj-79	57	8	,	,	PUNCT
emaj-79	57	9	nissim	nissim	NOUN
emaj-79	57	10	and	and	CCONJ
emaj-79	57	11	penman	penman	PROPN
emaj-79	57	12	(	(	PUNCT
emaj-79	57	13	2001	2001	NUM
emaj-79	57	14	)	)	PUNCT
emaj-79	57	15	suggest	suggest	VERB
emaj-79	57	16	using	use	VERB
emaj-79	57	17	a	a	DET
emaj-79	57	18	modified	modify	VERB
emaj-79	57	19	version	version	NOUN
emaj-79	57	20	of	of	ADP
emaj-79	57	21	the	the	DET
emaj-79	57	22	traditional	traditional	ADJ
emaj-79	57	23	du	du	ADJ
emaj-79	57	24	-	-	ADJ
emaj-79	57	25	pont	pont	ADJ
emaj-79	57	26	model	model	NOUN
emaj-79	57	27	in	in	ADP
emaj-79	57	28	order	order	NOUN
emaj-79	57	29	to	to	PART
emaj-79	57	30	eliminate	eliminate	VERB
emaj-79	57	31	the	the	DET
emaj-79	57	32	effects	effect	NOUN
emaj-79	57	33	of	of	ADP
emaj-79	57	34	financial	financial	ADJ
emaj-79	57	35	leverage	leverage	NOUN
emaj-79	57	36	and	and	CCONJ
emaj-79	57	37	other	other	ADJ
emaj-79	57	38	factors	factor	NOUN
emaj-79	57	39	that	that	PRON
emaj-79	57	40	are	be	AUX
emaj-79	57	41	not	not	PART
emaj-79	57	42	under	under	ADP
emaj-79	57	43	the	the	DET
emaj-79	57	44	control	control	NOUN
emaj-79	57	45	of	of	ADP
emaj-79	57	46	those	those	DET
emaj-79	57	47	managers	manager	NOUN
emaj-79	57	48	.	.	PUNCT
emaj-79	58	1	using	use	VERB
emaj-79	58	2	operating	operate	VERB
emaj-79	58	3	income	income	NOUN
emaj-79	58	4	to	to	ADP
emaj-79	58	5	sales	sale	NOUN
emaj-79	58	6	and	and	CCONJ
emaj-79	58	7	asset	asset	NOUN
emaj-79	58	8	turnover	turnover	NOUN
emaj-79	58	9	based	base	VERB
emaj-79	58	10	on	on	ADP
emaj-79	58	11	operating	operate	VERB
emaj-79	58	12	assets	asset	NOUN
emaj-79	58	13	limits	limit	VERB
emaj-79	58	14	the	the	DET
emaj-79	58	15	performance	performance	NOUN
emaj-79	58	16	measure	measure	NOUN
emaj-79	58	17	of	of	ADP
emaj-79	58	18	management	management	NOUN
emaj-79	58	19	to	to	ADP
emaj-79	58	20	those	those	DET
emaj-79	58	21	factors	factor	NOUN
emaj-79	58	22	over	over	ADP
emaj-79	58	23	which	which	PRON
emaj-79	58	24	management	management	NOUN
emaj-79	58	25	has	have	VERB
emaj-79	58	26	the	the	DET
emaj-79	58	27	most	most	ADJ
emaj-79	58	28	control	control	NOUN
emaj-79	58	29	.	.	PUNCT
emaj-79	59	1	the	the	DET
emaj-79	59	2	modified	modify	VERB
emaj-79	59	3	du	du	ADJ
emaj-79	59	4	-	-	ADJ
emaj-79	59	5	pont	pont	ADJ
emaj-79	59	6	model	model	NOUN
emaj-79	59	7	has	have	AUX
emaj-79	59	8	become	become	AUX
emaj-79	59	9	widely	widely	ADV
emaj-79	59	10	recognized	recognize	VERB
emaj-79	59	11	in	in	ADP
emaj-79	59	12	the	the	DET
emaj-79	59	13	financial	financial	ADJ
emaj-79	59	14	analysis	analysis	NOUN
emaj-79	59	15	literature	literature	NOUN
emaj-79	59	16	.	.	PUNCT
emaj-79	60	1	see	see	VERB
emaj-79	60	2	,	,	PUNCT
emaj-79	60	3	for	for	ADP
emaj-79	60	4	example	example	NOUN
emaj-79	60	5	,	,	PUNCT
emaj-79	60	6	pratt	pratt	PROPN
emaj-79	60	7	&	&	CCONJ
emaj-79	60	8	hirst	hirst	PROPN
emaj-79	60	9	(	(	PUNCT
emaj-79	60	10	2008	2008	NUM
emaj-79	60	11	)	)	PUNCT
emaj-79	60	12	,	,	PUNCT
emaj-79	60	13	palepu	palepu	NOUN
emaj-79	60	14	&	&	CCONJ
emaj-79	60	15	healy	healy	PROPN
emaj-79	60	16	(	(	PUNCT
emaj-79	60	17	2008	2008	NUM
emaj-79	60	18	)	)	PUNCT
emaj-79	60	19	,	,	PUNCT
emaj-79	60	20	and	and	CCONJ
emaj-79	60	21	soliman	soliman	NOUN
emaj-79	60	22	(	(	PUNCT
emaj-79	60	23	2008	2008	NUM
emaj-79	60	24	)	)	PUNCT
emaj-79	60	25	.	.	PUNCT
emaj-79	61	1	liesz	liesz	PROPN
emaj-79	61	2	(	(	PUNCT
emaj-79	61	3	1999	1999	NUM
emaj-79	61	4	)	)	PUNCT
emaj-79	61	5	determined	determine	VERB
emaj-79	61	6	that	that	SCONJ
emaj-79	61	7	,	,	PUNCT
emaj-79	61	8	the	the	DET
emaj-79	61	9	failure	failure	NOUN
emaj-79	61	10	of	of	ADP
emaj-79	61	11	small	small	ADJ
emaj-79	61	12	business	business	NOUN
emaj-79	61	13	is	be	AUX
emaj-79	61	14	always	always	ADV
emaj-79	61	15	a	a	DET
emaj-79	61	16	debate	debate	NOUN
emaj-79	61	17	topic	topic	NOUN
emaj-79	61	18	by	by	ADP
emaj-79	61	19	using	use	VERB
emaj-79	61	20	the	the	DET
emaj-79	61	21	financial	financial	ADJ
emaj-79	61	22	statement	statement	NOUN
emaj-79	61	23	of	of	ADP
emaj-79	61	24	small	small	ADJ
emaj-79	61	25	firms	firm	NOUN
emaj-79	61	26	.	.	PUNCT
emaj-79	62	1	opm	opm	PROPN
emaj-79	62	2	,	,	PUNCT
emaj-79	62	3	equity	equity	NOUN
emaj-79	62	4	turnover	turnover	NOUN
emaj-79	62	5	,	,	PUNCT
emaj-79	62	6	cost	cost	NOUN
emaj-79	62	7	ratio	ratio	NOUN
emaj-79	62	8	,	,	PUNCT
emaj-79	62	9	structure	structure	NOUN
emaj-79	62	10	ratio	ratio	NOUN
emaj-79	62	11	,	,	PUNCT
emaj-79	62	12	and	and	CCONJ
emaj-79	62	13	tax	tax	NOUN
emaj-79	62	14	ratio	ratio	NOUN
emaj-79	62	15	are	be	AUX
emaj-79	62	16	considered	consider	VERB
emaj-79	62	17	.	.	PUNCT
emaj-79	63	1	du	du	ADJ
emaj-79	63	2	-	-	ADJ
emaj-79	63	3	pont	pont	ADJ
emaj-79	63	4	techniques	technique	NOUN
emaj-79	63	5	have	have	AUX
emaj-79	63	6	been	be	AUX
emaj-79	63	7	used	use	VERB
emaj-79	63	8	.	.	PUNCT
emaj-79	64	1	the	the	DET
emaj-79	64	2	result	result	NOUN
emaj-79	64	3	shows	show	VERB
emaj-79	64	4	that	that	SCONJ
emaj-79	64	5	,	,	PUNCT
emaj-79	64	6	poor	poor	ADJ
emaj-79	64	7	financial	financial	ADJ
emaj-79	64	8	planning	planning	NOUN
emaj-79	64	9	and	and	CCONJ
emaj-79	64	10	control	control	PROPN
emaj-79	64	11	rank	rank	PROPN
emaj-79	64	12	are	be	AUX
emaj-79	64	13	the	the	DET
emaj-79	64	14	reasons	reason	NOUN
emaj-79	64	15	of	of	ADP
emaj-79	64	16	business	business	NOUN
emaj-79	64	17	failure	failure	NOUN
emaj-79	64	18	.	.	PUNCT
emaj-79	65	1	weeden	weeden	VERB
emaj-79	65	2	and	and	CCONJ
emaj-79	65	3	langemeier	langemeier	NOUN
emaj-79	65	4	(	(	PUNCT
emaj-79	65	5	2008	2008	NUM
emaj-79	65	6	)	)	PUNCT
emaj-79	65	7	investigated	investigate	VERB
emaj-79	65	8	the	the	DET
emaj-79	65	9	performances	performance	NOUN
emaj-79	65	10	of	of	ADP
emaj-79	65	11	different	different	ADJ
emaj-79	65	12	age	age	NOUN
emaj-79	65	13	farmers	farmer	NOUN
emaj-79	65	14	by	by	ADP
emaj-79	65	15	using	use	VERB
emaj-79	65	16	continuous	continuous	ADJ
emaj-79	65	17	data	datum	NOUN
emaj-79	65	18	of	of	ADP
emaj-79	65	19	2002	2002	NUM
emaj-79	65	20	to	to	ADP
emaj-79	65	21	2006	2006	NUM
emaj-79	65	22	.	.	PUNCT
emaj-79	66	1	profit	profit	NOUN
emaj-79	66	2	margin	margin	NOUN
emaj-79	66	3	,	,	PUNCT
emaj-79	66	4	asset	asset	NOUN
emaj-79	66	5	turnover	turnover	NOUN
emaj-79	66	6	,	,	PUNCT
emaj-79	66	7	financial	financial	ADJ
emaj-79	66	8	leverage	leverage	NOUN
emaj-79	66	9	,	,	PUNCT
emaj-79	66	10	roe	roe	NOUN
emaj-79	66	11	and	and	CCONJ
emaj-79	66	12	capital	capital	NOUN
emaj-79	66	13	gain	gain	NOUN
emaj-79	66	14	were	be	AUX
emaj-79	66	15	considered	consider	VERB
emaj-79	66	16	.	.	PUNCT
emaj-79	67	1	t	t	PROPN
emaj-79	67	2	test	test	NOUN
emaj-79	67	3	techniques	technique	NOUN
emaj-79	67	4	had	have	AUX
emaj-79	67	5	been	be	AUX
emaj-79	67	6	used	use	VERB
emaj-79	67	7	.	.	PUNCT
emaj-79	68	1	the	the	DET
emaj-79	68	2	result	result	NOUN
emaj-79	68	3	showed	show	VERB
emaj-79	68	4	tha	tha	NOUN
emaj-79	68	5	,	,	PUNCT
emaj-79	68	6	t	t	PROPN
emaj-79	68	7	performance	performance	NOUN
emaj-79	68	8	of	of	ADP
emaj-79	68	9	older	old	ADJ
emaj-79	68	10	farmer	farmer	NOUN
emaj-79	68	11	was	be	AUX
emaj-79	68	12	lower	low	ADJ
emaj-79	68	13	than	than	ADP
emaj-79	68	14	younger	young	ADJ
emaj-79	68	15	farmers	farmer	NOUN
emaj-79	68	16	.	.	PUNCT
emaj-79	69	1	little	little	ADJ
emaj-79	69	2	et	et	PROPN
emaj-79	69	3	al	al	PROPN
emaj-79	69	4	.	.	PUNCT
emaj-79	69	5	(	(	PUNCT
emaj-79	69	6	2009	2009	NUM
emaj-79	69	7	)	)	PUNCT
emaj-79	69	8	investigated	investigate	VERB
emaj-79	69	9	and	and	CCONJ
emaj-79	69	10	compared	compare	VERB
emaj-79	69	11	the	the	DET
emaj-79	69	12	performance	performance	NOUN
emaj-79	69	13	of	of	ADP
emaj-79	69	14	retail	retail	ADJ
emaj-79	69	15	firms	firm	NOUN
emaj-79	69	16	by	by	ADP
emaj-79	69	17	selecting	select	VERB
emaj-79	69	18	111	111	NUM
emaj-79	69	19	retail	retail	ADJ
emaj-79	69	20	firms	firm	NOUN
emaj-79	69	21	for	for	ADP
emaj-79	69	22	years	year	NOUN
emaj-79	69	23	2006	2006	NUM
emaj-79	69	24	-	-	SYM
emaj-79	69	25	2009	2009	NUM
emaj-79	69	26	.	.	PUNCT
emaj-79	70	1	retail	retail	ADJ
emaj-79	70	2	strategy	strategy	NOUN
emaj-79	70	3	,	,	PUNCT
emaj-79	70	4	recession	recession	NOUN
emaj-79	70	5	,	,	PUNCT
emaj-79	70	6	differentiation	differentiation	NOUN
emaj-79	70	7	,	,	PUNCT
emaj-79	70	8	cost	cost	NOUN
emaj-79	70	9	leadership	leadership	NOUN
emaj-79	70	10	and	and	CCONJ
emaj-79	70	11	du	du	ADJ
emaj-79	70	12	-	-	ADJ
emaj-79	70	13	pont	pont	ADJ
emaj-79	70	14	methods	method	NOUN
emaj-79	70	15	were	be	AUX
emaj-79	70	16	considered	consider	VERB
emaj-79	70	17	.	.	PUNCT
emaj-79	71	1	anova	anova	PROPN
emaj-79	71	2	techniques	technique	NOUN
emaj-79	71	3	had	have	AUX
emaj-79	71	4	been	be	AUX
emaj-79	71	5	used	use	VERB
emaj-79	71	6	.	.	PUNCT
emaj-79	72	1	the	the	DET
emaj-79	72	2	result	result	NOUN
emaj-79	72	3	showed	show	VERB
emaj-79	72	4	that	that	SCONJ
emaj-79	72	5	differentiation	differentiation	NOUN
emaj-79	72	6	firms	firm	NOUN
emaj-79	72	7	(	(	PUNCT
emaj-79	72	8	profit	profit	NOUN
emaj-79	72	9	margin	margin	NOUN
emaj-79	72	10	is	be	AUX
emaj-79	72	11	high	high	ADJ
emaj-79	72	12	and	and	CCONJ
emaj-79	72	13	asset	asset	NOUN
emaj-79	72	14	turnover	turnover	NOUN
emaj-79	72	15	is	be	AUX
emaj-79	72	16	low	low	ADJ
emaj-79	72	17	)	)	PUNCT
emaj-79	72	18	outperform	outperform	ADJ
emaj-79	72	19	cost	cost	NOUN
emaj-79	72	20	leadership	leadership	NOUN
emaj-79	72	21	firms	firm	NOUN
emaj-79	72	22	(	(	PUNCT
emaj-79	72	23	profit	profit	NOUN
emaj-79	72	24	is	be	AUX
emaj-79	72	25	low	low	ADJ
emaj-79	72	26	and	and	CCONJ
emaj-79	72	27	asset	asset	NOUN
emaj-79	72	28	turnover	turnover	NOUN
emaj-79	72	29	is	be	AUX
emaj-79	72	30	high	high	ADJ
emaj-79	72	31	)	)	PUNCT
emaj-79	72	32	.	.	PUNCT
emaj-79	73	1	moss	moss	PROPN
emaj-79	73	2	et	et	PROPN
emaj-79	73	3	al	al	PROPN
emaj-79	73	4	.	.	PROPN
emaj-79	74	1	(	(	PUNCT
emaj-79	74	2	2009	2009	NUM
emaj-79	74	3	)	)	PUNCT
emaj-79	74	4	investigated	investigate	VERB
emaj-79	74	5	the	the	DET
emaj-79	74	6	effect	effect	NOUN
emaj-79	74	7	of	of	ADP
emaj-79	74	8	roe	roe	PROPN
emaj-79	74	9	on	on	ADP
emaj-79	74	10	agriculture	agriculture	NOUN
emaj-79	74	11	by	by	ADP
emaj-79	74	12	using	use	VERB
emaj-79	74	13	usda	usda	NOUN
emaj-79	74	14	data	datum	NOUN
emaj-79	74	15	from	from	ADP
emaj-79	74	16	1960	1960	NUM
emaj-79	74	17	to	to	ADP
emaj-79	74	18	2004	2004	NUM
emaj-79	74	19	.	.	PUNCT
emaj-79	75	1	profit	profit	NOUN
emaj-79	75	2	margin	margin	NOUN
emaj-79	75	3	,	,	PUNCT
emaj-79	75	4	asset	asset	NOUN
emaj-79	75	5	turnover	turnover	NOUN
emaj-79	75	6	and	and	CCONJ
emaj-79	75	7	financial	financial	ADJ
emaj-79	75	8	leverage	leverage	NOUN
emaj-79	75	9	were	be	AUX
emaj-79	75	10	considered	consider	VERB
emaj-79	75	11	.	.	PUNCT
emaj-79	76	1	correlation	correlation	NOUN
emaj-79	76	2	techniques	technique	NOUN
emaj-79	76	3	had	have	AUX
emaj-79	76	4	been	be	AUX
emaj-79	76	5	used	use	VERB
emaj-79	76	6	.	.	PUNCT
emaj-79	77	1	the	the	DET
emaj-79	77	2	result	result	NOUN
emaj-79	77	3	showed	show	VERB
emaj-79	77	4	roe	roe	NOUN
emaj-79	77	5	effect	effect	NOUN
emaj-79	77	6	of	of	ADP
emaj-79	77	7	regional	regional	ADJ
emaj-79	77	8	and	and	CCONJ
emaj-79	77	9	national	national	ADJ
emaj-79	77	10	level	level	NOUN
emaj-79	77	11	.	.	PUNCT
emaj-79	78	1	selvarasu	selvarasu	PROPN
emaj-79	78	2	et	et	PROPN
emaj-79	78	3	al	al	PROPN
emaj-79	78	4	.	.	PUNCT
emaj-79	79	1	(	(	PUNCT
emaj-79	79	2	2010	2010	NUM
emaj-79	79	3	)	)	PUNCT
emaj-79	79	4	investigated	investigate	VERB
emaj-79	79	5	those	those	DET
emaj-79	79	6	strategies	strategy	NOUN
emaj-79	79	7	for	for	ADP
emaj-79	79	8	humanizing	humanize	VERB
emaj-79	79	9	the	the	DET
emaj-79	79	10	performance	performance	NOUN
emaj-79	79	11	of	of	ADP
emaj-79	79	12	a	a	DET
emaj-79	79	13	medium	medium	ADJ
emaj-79	79	14	volume	volume	NOUN
emaj-79	79	15	indian	indian	ADJ
emaj-79	79	16	apparel	apparel	NOUN
emaj-79	79	17	company	company	NOUN
emaj-79	79	18	by	by	ADP
emaj-79	79	19	using	use	VERB
emaj-79	79	20	annual	annual	ADJ
emaj-79	79	21	and	and	CCONJ
emaj-79	79	22	financial	financial	ADJ
emaj-79	79	23	report	report	NOUN
emaj-79	79	24	of	of	ADP
emaj-79	79	25	2007	2007	NUM
emaj-79	79	26	.	.	PUNCT
emaj-79	80	1	roe	roe	NOUN
emaj-79	80	2	,	,	PUNCT
emaj-79	80	3	profit	profit	NOUN
emaj-79	80	4	margin	margin	NOUN
emaj-79	80	5	,	,	PUNCT
emaj-79	80	6	asset	asset	NOUN
emaj-79	80	7	turnover	turnover	NOUN
emaj-79	80	8	and	and	CCONJ
emaj-79	80	9	financial	financial	ADJ
emaj-79	80	10	leverage	leverage	NOUN
emaj-79	80	11	were	be	AUX
emaj-79	80	12	considered	consider	VERB
emaj-79	80	13	.	.	PUNCT
emaj-79	81	1	spm	spm	PROPN
emaj-79	81	2	techniques	technique	NOUN
emaj-79	81	3	had	have	AUX
emaj-79	81	4	been	be	AUX
emaj-79	81	5	used	use	VERB
emaj-79	81	6	.	.	PUNCT
emaj-79	82	1	the	the	DET
emaj-79	82	2	result	result	NOUN
emaj-79	82	3	showed	show	VERB
emaj-79	82	4	that	that	SCONJ
emaj-79	82	5	,	,	PUNCT
emaj-79	82	6	company	company	NOUN
emaj-79	82	7	success	success	NOUN
emaj-79	82	8	depend	depend	VERB
emaj-79	82	9	upon	upon	SCONJ
emaj-79	82	10	two	two	NUM
emaj-79	82	11	things	thing	NOUN
emaj-79	82	12	:	:	PUNCT
emaj-79	82	13	increasing	increase	VERB
emaj-79	82	14	sales	sale	NOUN
emaj-79	82	15	and	and	CCONJ
emaj-79	82	16	decreasing	decrease	VERB
emaj-79	82	17	expense	expense	NOUN
emaj-79	82	18	.	.	PUNCT
emaj-79	83	1	herciu	herciu	NOUN
emaj-79	83	2	et	et	PROPN
emaj-79	83	3	al	al	PROPN
emaj-79	83	4	.	.	PROPN
emaj-79	84	1	(	(	PUNCT
emaj-79	84	2	2011	2011	NUM
emaj-79	84	3	)	)	PUNCT
emaj-79	84	4	found	find	VERB
emaj-79	84	5	out	out	ADP
emaj-79	84	6	that	that	SCONJ
emaj-79	84	7	,	,	PUNCT
emaj-79	84	8	most	most	ADV
emaj-79	84	9	profitable	profitable	ADJ
emaj-79	84	10	companies	company	NOUN
emaj-79	84	11	are	be	AUX
emaj-79	84	12	not	not	PART
emaj-79	84	13	necessarily	necessarily	ADV
emaj-79	84	14	most	most	ADV
emaj-79	84	15	attractive	attractive	ADJ
emaj-79	84	16	for	for	ADP
emaj-79	84	17	investors	investor	NOUN
emaj-79	84	18	by	by	ADP
emaj-79	84	19	using	use	VERB
emaj-79	84	20	annual	annual	ADJ
emaj-79	84	21	reports	report	NOUN
emaj-79	84	22	of	of	ADP
emaj-79	84	23	20	20	NUM
emaj-79	84	24	companies	company	NOUN
emaj-79	84	25	for	for	ADP
emaj-79	84	26	2009	2009	NUM
emaj-79	84	27	.	.	PUNCT
emaj-79	85	1	profit	profit	NOUN
emaj-79	85	2	margin	margin	NOUN
emaj-79	85	3	,	,	PUNCT
emaj-79	85	4	roe	roe	PROPN
emaj-79	85	5	,	,	PUNCT
emaj-79	85	6	ros	ros	PROPN
emaj-79	85	7	,	,	PUNCT
emaj-79	85	8	roa	roa	PROPN
emaj-79	85	9	,	,	PUNCT
emaj-79	85	10	financial	financial	ADJ
emaj-79	85	11	leverage	leverage	NOUN
emaj-79	85	12	and	and	CCONJ
emaj-79	85	13	du	du	ADJ
emaj-79	85	14	-	-	ADJ
emaj-79	85	15	pont	pont	ADJ
emaj-79	85	16	model	model	NOUN
emaj-79	85	17	were	be	AUX
emaj-79	85	18	considered	consider	VERB
emaj-79	85	19	.	.	PUNCT
emaj-79	86	1	du	du	ADJ
emaj-79	86	2	-	-	ADJ
emaj-79	86	3	pont	pont	ADJ
emaj-79	86	4	model	model	NOUN
emaj-79	86	5	techniques	technique	NOUN
emaj-79	86	6	had	have	AUX
emaj-79	86	7	been	be	AUX
emaj-79	86	8	used	use	VERB
emaj-79	86	9	.	.	PUNCT
emaj-79	87	1	the	the	DET
emaj-79	87	2	result	result	NOUN
emaj-79	87	3	showed	show	VERB
emaj-79	87	4	that	that	SCONJ
emaj-79	87	5	,	,	PUNCT
emaj-79	87	6	the	the	DET
emaj-79	87	7	ranking	ranking	NOUN
emaj-79	87	8	relied	rely	VERB
emaj-79	87	9	on	on	ADP
emaj-79	87	10	factors	factor	NOUN
emaj-79	87	11	like	like	ADP
emaj-79	87	12	roe	roe	NOUN
emaj-79	87	13	,	,	PUNCT
emaj-79	87	14	volume	volume	NOUN
emaj-79	87	15	5	5	NUM
emaj-79	87	16	no	no	DET
emaj-79	87	17	2	2	NUM
emaj-79	87	18	(	(	PUNCT
emaj-79	87	19	2015	2015	NUM
emaj-79	87	20	)	)	PUNCT
emaj-79	87	21	|	|	ADV
emaj-79	87	22	issn	issn	VERB
emaj-79	87	23	2158	2158	NUM
emaj-79	87	24	-	-	SYM
emaj-79	87	25	8708	8708	NUM
emaj-79	87	26	(	(	PUNCT
emaj-79	87	27	online	online	NOUN
emaj-79	87	28	)	)	PUNCT
emaj-79	87	29	|	|	ADV
emaj-79	87	30	doi	doi	X
emaj-79	87	31	10.5195	10.5195	NUM
emaj-79	87	32	/	/	SYM
emaj-79	87	33	emaj.2015.79	emaj.2015.79	VERB
emaj-79	87	34	|	|	ADV
emaj-79	87	35	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	87	36	baah	baah	PROPN
emaj-79	87	37	aye	aye	PROPN
emaj-79	87	38	kusi	kusi	PROPN
emaj-79	87	39	,	,	PUNCT
emaj-79	87	40	kwadjo	kwadjo	PROPN
emaj-79	87	41	ansah	ansah	PROPN
emaj-79	87	42	-	-	PUNCT
emaj-79	87	43	adu	adu	PROPN
emaj-79	87	44	,	,	PUNCT
emaj-79	87	45	albert	albert	PROPN
emaj-79	87	46	agyei	agyei	PROPN
emaj-79	87	47	emerging	emerge	VERB
emaj-79	87	48	markets	market	NOUN
emaj-79	87	49	journal	journal	NOUN
emaj-79	87	50	|	|	ADV
emaj-79	87	51	p	p	NOUN
emaj-79	87	52	a	a	DET
emaj-79	87	53	g	g	PROPN
emaj-79	87	54	e	e	X
emaj-79	87	55	|31	|31	X
emaj-79	87	56	ros	ros	PROPN
emaj-79	87	57	,	,	PUNCT
emaj-79	87	58	roa	roa	NOUN
emaj-79	87	59	and	and	CCONJ
emaj-79	87	60	financial	financial	ADJ
emaj-79	87	61	leverage	leverage	NOUN
emaj-79	87	62	.	.	PUNCT
emaj-79	88	1	abdoli	abdoli	NOUN
emaj-79	88	2	et	et	PROPN
emaj-79	88	3	al	al	PROPN
emaj-79	88	4	.	.	PUNCT
emaj-79	89	1	(	(	PUNCT
emaj-79	89	2	2011	2011	NUM
emaj-79	89	3	)	)	PUNCT
emaj-79	89	4	investigated	investigate	VERB
emaj-79	89	5	the	the	DET
emaj-79	89	6	comparison	comparison	NOUN
emaj-79	89	7	of	of	ADP
emaj-79	89	8	dea	dea	PROPN
emaj-79	89	9	and	and	CCONJ
emaj-79	89	10	du	du	ADJ
emaj-79	89	11	-	-	ADJ
emaj-79	89	12	pont	pont	ADJ
emaj-79	89	13	model	model	NOUN
emaj-79	89	14	by	by	ADP
emaj-79	89	15	using	use	VERB
emaj-79	89	16	13	13	NUM
emaj-79	89	17	financial	financial	ADJ
emaj-79	89	18	ratios	ratio	NOUN
emaj-79	89	19	.	.	PUNCT
emaj-79	90	1	ahp	ahp	PROPN
emaj-79	90	2	,	,	PUNCT
emaj-79	90	3	dea	dea	PROPN
emaj-79	90	4	and	and	CCONJ
emaj-79	90	5	du	du	ADJ
emaj-79	90	6	-	-	ADJ
emaj-79	90	7	pont	pont	ADJ
emaj-79	90	8	models	model	NOUN
emaj-79	90	9	were	be	AUX
emaj-79	90	10	considered	consider	VERB
emaj-79	90	11	.	.	PUNCT
emaj-79	91	1	correlation	correlation	NOUN
emaj-79	91	2	techniques	technique	NOUN
emaj-79	91	3	had	have	AUX
emaj-79	91	4	been	be	AUX
emaj-79	91	5	used	use	VERB
emaj-79	91	6	.	.	PUNCT
emaj-79	92	1	the	the	DET
emaj-79	92	2	result	result	NOUN
emaj-79	92	3	showed	show	VERB
emaj-79	92	4	that	that	SCONJ
emaj-79	92	5	there	there	PRON
emaj-79	92	6	is	be	VERB
emaj-79	92	7	weak	weak	ADJ
emaj-79	92	8	correlation	correlation	NOUN
emaj-79	92	9	between	between	ADP
emaj-79	92	10	dea	dea	NOUN
emaj-79	92	11	and	and	CCONJ
emaj-79	92	12	du	du	ADJ
emaj-79	92	13	-	-	ADJ
emaj-79	92	14	pont	pont	ADJ
emaj-79	92	15	model	model	NOUN
emaj-79	92	16	.	.	PUNCT
emaj-79	93	1	alaghi	alaghi	PROPN
emaj-79	93	2	(	(	PUNCT
emaj-79	93	3	2010	2010	NUM
emaj-79	93	4	)	)	PUNCT
emaj-79	93	5	investigated	investigate	VERB
emaj-79	93	6	the	the	DET
emaj-79	93	7	effect	effect	NOUN
emaj-79	93	8	of	of	ADP
emaj-79	93	9	financial	financial	ADJ
emaj-79	93	10	leverage	leverage	NOUN
emaj-79	93	11	on	on	ADP
emaj-79	93	12	systematic	systematic	ADJ
emaj-79	93	13	risk	risk	NOUN
emaj-79	93	14	by	by	ADP
emaj-79	93	15	using	use	VERB
emaj-79	93	16	data	datum	NOUN
emaj-79	93	17	of	of	ADP
emaj-79	93	18	listed	list	VERB
emaj-79	93	19	companies	company	NOUN
emaj-79	93	20	of	of	ADP
emaj-79	93	21	tehran	tehran	PROPN
emaj-79	93	22	stock	stock	PROPN
emaj-79	93	23	exchange	exchange	PROPN
emaj-79	93	24	.	.	PUNCT
emaj-79	94	1	financial	financial	ADJ
emaj-79	94	2	leverage	leverage	NOUN
emaj-79	94	3	,	,	PUNCT
emaj-79	94	4	capital	capital	NOUN
emaj-79	94	5	structure	structure	NOUN
emaj-79	94	6	,	,	PUNCT
emaj-79	94	7	systematic	systematic	ADJ
emaj-79	94	8	risk	risk	NOUN
emaj-79	94	9	,	,	PUNCT
emaj-79	94	10	operating	operating	NOUN
emaj-79	94	11	leverage	leverage	NOUN
emaj-79	94	12	,	,	PUNCT
emaj-79	94	13	earnings	earning	NOUN
emaj-79	94	14	per	per	ADP
emaj-79	94	15	share	share	NOUN
emaj-79	94	16	(	(	PUNCT
emaj-79	94	17	eps	eps	PROPN
emaj-79	94	18	)	)	PUNCT
emaj-79	94	19	,	,	PUNCT
emaj-79	94	20	and	and	CCONJ
emaj-79	94	21	earnings	earning	NOUN
emaj-79	94	22	before	before	ADP
emaj-79	94	23	interest	interest	NOUN
emaj-79	94	24	and	and	CCONJ
emaj-79	94	25	taxes	taxis	NOUN
emaj-79	94	26	(	(	PUNCT
emaj-79	94	27	ebit	ebit	PROPN
emaj-79	94	28	)	)	PUNCT
emaj-79	94	29	were	be	AUX
emaj-79	94	30	considered	consider	VERB
emaj-79	94	31	.	.	PUNCT
emaj-79	95	1	regression	regression	NOUN
emaj-79	95	2	techniques	technique	NOUN
emaj-79	95	3	had	have	AUX
emaj-79	95	4	been	be	AUX
emaj-79	95	5	used	use	VERB
emaj-79	95	6	.	.	PUNCT
emaj-79	96	1	the	the	DET
emaj-79	96	2	result	result	NOUN
emaj-79	96	3	emphasized	emphasize	VERB
emaj-79	96	4	on	on	ADP
emaj-79	96	5	financial	financial	ADJ
emaj-79	96	6	leverage	leverage	NOUN
emaj-79	96	7	-	-	PUNCT
emaj-79	96	8	systematic	systematic	ADJ
emaj-79	96	9	risk	risk	NOUN
emaj-79	96	10	relationship	relationship	NOUN
emaj-79	96	11	.	.	PUNCT
emaj-79	97	1	4	4	X
emaj-79	97	2	.	.	X
emaj-79	97	3	methodology	methodology	NOUN
emaj-79	97	4	we	we	PRON
emaj-79	97	5	employ	employ	VERB
emaj-79	97	6	ranking	ranking	NOUN
emaj-79	97	7	,	,	PUNCT
emaj-79	97	8	correlation	correlation	NOUN
emaj-79	97	9	analysis	analysis	NOUN
emaj-79	97	10	and	and	CCONJ
emaj-79	97	11	ordinary	ordinary	ADJ
emaj-79	97	12	least	least	ADJ
emaj-79	97	13	squares	square	NOUN
emaj-79	97	14	(	(	PUNCT
emaj-79	97	15	ols	ol	NOUN
emaj-79	97	16	)	)	PUNCT
emaj-79	97	17	regression	regression	NOUN
emaj-79	97	18	to	to	PART
emaj-79	97	19	achieve	achieve	VERB
emaj-79	97	20	the	the	DET
emaj-79	97	21	stated	state	VERB
emaj-79	97	22	objectives	objective	NOUN
emaj-79	97	23	of	of	ADP
emaj-79	97	24	the	the	DET
emaj-79	97	25	study	study	NOUN
emaj-79	97	26	.	.	PUNCT
emaj-79	98	1	first	first	ADV
emaj-79	98	2	we	we	PRON
emaj-79	98	3	rank	rank	VERB
emaj-79	98	4	banks	bank	NOUN
emaj-79	98	5	with	with	ADP
emaj-79	98	6	a	a	DET
emaj-79	98	7	composite	composite	ADJ
emaj-79	98	8	score	score	NOUN
emaj-79	98	9	by	by	ADP
emaj-79	98	10	including	include	VERB
emaj-79	98	11	all	all	DET
emaj-79	98	12	five	five	NUM
emaj-79	98	13	variables	variable	NOUN
emaj-79	98	14	of	of	ADP
emaj-79	98	15	the	the	DET
emaj-79	98	16	dupont	dupont	NOUN
emaj-79	98	17	model	model	NOUN
emaj-79	98	18	.	.	PUNCT
emaj-79	99	1	second	second	ADJ
emaj-79	99	2	,	,	PUNCT
emaj-79	99	3	we	we	PRON
emaj-79	99	4	use	use	VERB
emaj-79	99	5	the	the	DET
emaj-79	99	6	pearson	pearson	NOUN
emaj-79	99	7	correlation	correlation	NOUN
emaj-79	99	8	coefficient	coefficient	NOUN
emaj-79	99	9	matrix	matrix	NOUN
emaj-79	99	10	to	to	PART
emaj-79	99	11	identify	identify	VERB
emaj-79	99	12	which	which	PRON
emaj-79	99	13	of	of	ADP
emaj-79	99	14	these	these	DET
emaj-79	99	15	variables	variable	NOUN
emaj-79	99	16	are	be	AUX
emaj-79	99	17	most	most	ADV
emaj-79	99	18	likely	likely	ADJ
emaj-79	99	19	to	to	PART
emaj-79	99	20	influence	influence	VERB
emaj-79	99	21	roe	roe	NOUN
emaj-79	99	22	for	for	ADP
emaj-79	99	23	periods	period	NOUN
emaj-79	99	24	before	before	ADV
emaj-79	99	25	(	(	PUNCT
emaj-79	99	26	20062009	20062009	NUM
emaj-79	99	27	)	)	PUNCT
emaj-79	99	28	and	and	CCONJ
emaj-79	99	29	after	after	ADP
emaj-79	99	30	(	(	PUNCT
emaj-79	99	31	2009	2009	NUM
emaj-79	99	32	-	-	SYM
emaj-79	99	33	2012	2012	NUM
emaj-79	99	34	)	)	PUNCT
emaj-79	99	35	decline	decline	NOUN
emaj-79	99	36	of	of	ADP
emaj-79	99	37	bank	bank	NOUN
emaj-79	99	38	profit	profit	NOUN
emaj-79	99	39	.	.	PUNCT
emaj-79	100	1	third	third	ADJ
emaj-79	100	2	,	,	PUNCT
emaj-79	100	3	we	we	PRON
emaj-79	100	4	employ	employ	VERB
emaj-79	100	5	ordinary	ordinary	ADJ
emaj-79	100	6	least	least	ADJ
emaj-79	100	7	squares	square	NOUN
emaj-79	100	8	(	(	PUNCT
emaj-79	100	9	ols	ol	NOUN
emaj-79	100	10	)	)	PUNCT
emaj-79	100	11	to	to	PART
emaj-79	100	12	show	show	VERB
emaj-79	100	13	which	which	PRON
emaj-79	100	14	variables	variable	VERB
emaj-79	100	15	with	with	ADP
emaj-79	100	16	the	the	DET
emaj-79	100	17	framework	framework	NOUN
emaj-79	100	18	of	of	ADP
emaj-79	100	19	the	the	DET
emaj-79	100	20	five	five	NUM
emaj-79	100	21	step	step	NOUN
emaj-79	100	22	du	du	ADJ
emaj-79	100	23	-	-	ADJ
emaj-79	100	24	pont	pont	ADJ
emaj-79	100	25	impacts	impact	NOUN
emaj-79	100	26	bank	bank	NOUN
emaj-79	100	27	return	return	NOUN
emaj-79	100	28	on	on	ADP
emaj-79	100	29	equity	equity	NOUN
emaj-79	100	30	before	before	ADP
emaj-79	100	31	and	and	CCONJ
emaj-79	100	32	after	after	ADP
emaj-79	100	33	bank	bank	NOUN
emaj-79	100	34	profit	profit	NOUN
emaj-79	100	35	decline	decline	NOUN
emaj-79	100	36	.	.	PUNCT
emaj-79	101	1	concerning	concern	VERB
emaj-79	101	2	our	our	PRON
emaj-79	101	3	third	third	ADJ
emaj-79	101	4	objective	objective	NOUN
emaj-79	101	5	,	,	PUNCT
emaj-79	101	6	we	we	PRON
emaj-79	101	7	test	test	VERB
emaj-79	101	8	for	for	ADP
emaj-79	101	9	normality	normality	NOUN
emaj-79	101	10	of	of	ADP
emaj-79	101	11	variable	variable	NOUN
emaj-79	101	12	and	and	CCONJ
emaj-79	101	13	residuals	residual	NOUN
emaj-79	101	14	,	,	PUNCT
emaj-79	101	15	multicollinearity	multicollinearity	NOUN
emaj-79	101	16	,	,	PUNCT
emaj-79	101	17	heterskedasticity	heterskedasticity	NOUN
emaj-79	101	18	and	and	CCONJ
emaj-79	101	19	autocorrelation	autocorrelation	NOUN
emaj-79	101	20	.	.	PUNCT
emaj-79	102	1	employing	employ	VERB
emaj-79	102	2	the	the	DET
emaj-79	102	3	shapiro	shapiro	PROPN
emaj-79	102	4	-	-	PUNCT
emaj-79	102	5	wilk	wilk	NOUN
emaj-79	102	6	normality	normality	NOUN
emaj-79	102	7	test	test	NOUN
emaj-79	102	8	(	(	PUNCT
emaj-79	102	9	see	see	VERB
emaj-79	102	10	appendix	appendix	NOUN
emaj-79	102	11	14	14	NUM
emaj-79	102	12	)	)	PUNCT
emaj-79	102	13	with	with	ADP
emaj-79	102	14	a	a	DET
emaj-79	102	15	null	null	ADJ
emaj-79	102	16	hypothesis	hypothesis	NOUN
emaj-79	102	17	of	of	ADP
emaj-79	102	18	non	non	ADJ
emaj-79	102	19	-	-	ADJ
emaj-79	102	20	normal	normal	ADJ
emaj-79	102	21	distribution	distribution	NOUN
emaj-79	102	22	in	in	ADP
emaj-79	102	23	both	both	CCONJ
emaj-79	102	24	variable	variable	NOUN
emaj-79	102	25	and	and	CCONJ
emaj-79	102	26	residuals	residual	NOUN
emaj-79	102	27	,	,	PUNCT
emaj-79	102	28	we	we	PRON
emaj-79	102	29	rejected	reject	VERB
emaj-79	102	30	the	the	DET
emaj-79	102	31	null	null	ADJ
emaj-79	102	32	hypothesis	hypothesis	NOUN
emaj-79	102	33	of	of	ADP
emaj-79	102	34	variable	variable	ADJ
emaj-79	102	35	normality	normality	NOUN
emaj-79	102	36	and	and	CCONJ
emaj-79	102	37	residual	residual	ADJ
emaj-79	102	38	normality	normality	NOUN
emaj-79	102	39	at	at	ADP
emaj-79	102	40	a	a	DET
emaj-79	102	41	p	p	NOUN
emaj-79	102	42	-	-	PUNCT
emaj-79	102	43	value	value	NOUN
emaj-79	102	44	of	of	ADP
emaj-79	102	45	5	5	NUM
emaj-79	102	46	%	%	NOUN
emaj-79	102	47	(	(	PUNCT
emaj-79	102	48	for	for	ADP
emaj-79	102	49	both	both	PRON
emaj-79	102	50	during	during	ADP
emaj-79	102	51	2006	2006	NUM
emaj-79	102	52	-	-	SYM
emaj-79	102	53	2009	2009	NUM
emaj-79	102	54	)	)	PUNCT
emaj-79	102	55	and	and	CCONJ
emaj-79	102	56	after	after	ADP
emaj-79	102	57	(	(	PUNCT
emaj-79	102	58	2009	2009	NUM
emaj-79	102	59	-	-	SYM
emaj-79	102	60	2012	2012	NUM
emaj-79	102	61	)	)	PUNCT
emaj-79	102	62	roe	roe	NOUN
emaj-79	102	63	decline	decline	NOUN
emaj-79	102	64	.	.	PUNCT
emaj-79	103	1	we	we	PRON
emaj-79	103	2	further	far	ADV
emaj-79	103	3	test	test	VERB
emaj-79	103	4	for	for	ADP
emaj-79	103	5	multicollinearity	multicollinearity	NOUN
emaj-79	103	6	and	and	CCONJ
emaj-79	103	7	set	set	VERB
emaj-79	103	8	the	the	DET
emaj-79	103	9	threshold	threshold	NOUN
emaj-79	103	10	for	for	ADP
emaj-79	103	11	collinearity	collinearity	NOUN
emaj-79	103	12	to	to	ADP
emaj-79	103	13	0.7	0.7	NUM
emaj-79	103	14	following	follow	VERB
emaj-79	103	15	kennedy	kennedy	PROPN
emaj-79	103	16	(	(	PUNCT
emaj-79	103	17	2008	2008	NUM
emaj-79	103	18	)	)	PUNCT
emaj-79	103	19	.	.	PUNCT
emaj-79	104	1	hence	hence	ADV
emaj-79	104	2	,	,	PUNCT
emaj-79	104	3	we	we	PRON
emaj-79	104	4	find	find	VERB
emaj-79	104	5	no	no	DET
emaj-79	104	6	evidence	evidence	NOUN
emaj-79	104	7	of	of	ADP
emaj-79	104	8	multicollinearity	multicollinearity	NOUN
emaj-79	104	9	in	in	ADP
emaj-79	104	10	our	our	PRON
emaj-79	104	11	data	datum	NOUN
emaj-79	104	12	for	for	ADP
emaj-79	104	13	both	both	DET
emaj-79	104	14	periods	period	NOUN
emaj-79	104	15	(	(	PUNCT
emaj-79	104	16	see	see	VERB
emaj-79	104	17	table	table	NOUN
emaj-79	104	18	2	2	NUM
emaj-79	104	19	and	and	CCONJ
emaj-79	104	20	table	table	NOUN
emaj-79	104	21	3	3	NUM
emaj-79	104	22	)	)	PUNCT
emaj-79	104	23	.	.	PUNCT
emaj-79	105	1	as	as	ADP
emaj-79	105	2	further	further	ADJ
emaj-79	105	3	robust	robust	ADJ
emaj-79	105	4	check	check	NOUN
emaj-79	105	5	,	,	PUNCT
emaj-79	105	6	we	we	PRON
emaj-79	105	7	use	use	VERB
emaj-79	105	8	variance	variance	NOUN
emaj-79	105	9	inflation	inflation	NOUN
emaj-79	105	10	factor	factor	NOUN
emaj-79	105	11	(	(	PUNCT
emaj-79	105	12	vif	vif	NOUN
emaj-79	105	13	)	)	PUNCT
emaj-79	105	14	acceptability	acceptability	NOUN
emaj-79	105	15	criteria	criterion	NOUN
emaj-79	105	16	to	to	PART
emaj-79	105	17	access	access	VERB
emaj-79	105	18	the	the	DET
emaj-79	105	19	acceptability	acceptability	NOUN
emaj-79	105	20	of	of	ADP
emaj-79	105	21	the	the	DET
emaj-79	105	22	variables	variable	NOUN
emaj-79	105	23	in	in	ADP
emaj-79	105	24	the	the	DET
emaj-79	105	25	model	model	NOUN
emaj-79	105	26	(	(	PUNCT
emaj-79	105	27	see	see	VERB
emaj-79	105	28	appendix	appendix	NOUN
emaj-79	105	29	7	7	NUM
emaj-79	105	30	and	and	CCONJ
emaj-79	105	31	8)	8)	NUM
emaj-79	105	32	.	.	PUNCT
emaj-79	106	1	with	with	ADP
emaj-79	106	2	a	a	DET
emaj-79	106	3	threshold	threshold	NOUN
emaj-79	106	4	10	10	NUM
emaj-79	106	5	for	for	ADP
emaj-79	106	6	vif	vif	NOUN
emaj-79	106	7	,	,	PUNCT
emaj-79	106	8	none	none	NOUN
emaj-79	106	9	of	of	ADP
emaj-79	106	10	the	the	DET
emaj-79	106	11	variables	variable	NOUN
emaj-79	106	12	exceeded	exceed	VERB
emaj-79	106	13	the	the	DET
emaj-79	106	14	threshold	threshold	NOUN
emaj-79	106	15	implying	imply	VERB
emaj-79	106	16	that	that	SCONJ
emaj-79	106	17	all	all	DET
emaj-79	106	18	the	the	DET
emaj-79	106	19	variables	variable	NOUN
emaj-79	106	20	can	can	AUX
emaj-79	106	21	be	be	AUX
emaj-79	106	22	used	use	VERB
emaj-79	106	23	in	in	ADP
emaj-79	106	24	the	the	DET
emaj-79	106	25	du	du	ADJ
emaj-79	106	26	-	-	ADJ
emaj-79	106	27	pont	pont	ADJ
emaj-79	106	28	model	model	NOUN
emaj-79	106	29	.	.	PUNCT
emaj-79	107	1	with	with	ADP
emaj-79	107	2	a	a	DET
emaj-79	107	3	null	null	ADJ
emaj-79	107	4	hypothesis	hypothesis	NOUN
emaj-79	107	5	of	of	ADP
emaj-79	107	6	consistent	consistent	ADJ
emaj-79	107	7	variance	variance	NOUN
emaj-79	107	8	,	,	PUNCT
emaj-79	107	9	we	we	PRON
emaj-79	107	10	use	use	VERB
emaj-79	107	11	breusch	breusch	NOUN
emaj-79	107	12	-	-	PUNCT
emaj-79	107	13	pagan	pagan	VERB
emaj-79	107	14	/	/	SYM
emaj-79	107	15	cook	cook	PROPN
emaj-79	107	16	-	-	PUNCT
emaj-79	107	17	weisberg	weisberg	PROPN
emaj-79	107	18	test	test	NOUN
emaj-79	107	19	for	for	ADP
emaj-79	107	20	heteroskedasticity	heteroskedasticity	NOUN
emaj-79	107	21	and	and	CCONJ
emaj-79	107	22	concluded	conclude	VERB
emaj-79	107	23	that	that	SCONJ
emaj-79	107	24	models	model	NOUN
emaj-79	107	25	were	be	AUX
emaj-79	107	26	homoskedastic	homoskedastic	ADJ
emaj-79	107	27	for	for	ADP
emaj-79	107	28	periods	period	NOUN
emaj-79	107	29	during	during	ADP
emaj-79	107	30	profit	profit	NOUN
emaj-79	107	31	decline	decline	NOUN
emaj-79	107	32	and	and	CCONJ
emaj-79	107	33	post	post	VERB
emaj-79	107	34	profit	profit	NOUN
emaj-79	107	35	decline	decline	NOUN
emaj-79	107	36	(	(	PUNCT
emaj-79	107	37	see	see	VERB
emaj-79	107	38	appendix	appendix	NOUN
emaj-79	107	39	5	5	NUM
emaj-79	107	40	and	and	CCONJ
emaj-79	107	41	6	6	NUM
emaj-79	107	42	)	)	PUNCT
emaj-79	107	43	.	.	PUNCT
emaj-79	108	1	finally	finally	ADV
emaj-79	108	2	,	,	PUNCT
emaj-79	108	3	we	we	PRON
emaj-79	108	4	employ	employ	VERB
emaj-79	108	5	the	the	DET
emaj-79	108	6	graphical	graphical	ADJ
emaj-79	108	7	approach	approach	NOUN
emaj-79	108	8	to	to	PART
emaj-79	108	9	test	test	VERB
emaj-79	108	10	for	for	ADP
emaj-79	108	11	the	the	DET
emaj-79	108	12	presence	presence	NOUN
emaj-79	108	13	of	of	ADP
emaj-79	108	14	autocorrelation	autocorrelation	NOUN
emaj-79	108	15	.	.	PUNCT
emaj-79	109	1	wooldridge	wooldridge	PROPN
emaj-79	109	2	(	(	PUNCT
emaj-79	109	3	2008	2008	NUM
emaj-79	109	4	)	)	PUNCT
emaj-79	109	5	suggests	suggest	VERB
emaj-79	109	6	that	that	SCONJ
emaj-79	109	7	where	where	SCONJ
emaj-79	109	8	plotted	plot	VERB
emaj-79	109	9	residuals	residual	NOUN
emaj-79	109	10	are	be	AUX
emaj-79	109	11	vertically	vertically	ADV
emaj-79	109	12	plotted	plot	VERB
emaj-79	109	13	,	,	PUNCT
emaj-79	109	14	no	no	DET
emaj-79	109	15	patterns	pattern	NOUN
emaj-79	109	16	can	can	AUX
emaj-79	109	17	be	be	AUX
emaj-79	109	18	traced	trace	VERB
emaj-79	109	19	through	through	ADP
emaj-79	109	20	the	the	DET
emaj-79	109	21	residuals	residual	NOUN
emaj-79	109	22	in	in	ADP
emaj-79	109	23	the	the	DET
emaj-79	109	24	years	year	NOUN
emaj-79	109	25	plotted	plot	VERB
emaj-79	109	26	.	.	PUNCT
emaj-79	110	1	this	this	PRON
emaj-79	110	2	is	be	AUX
emaj-79	110	3	an	an	DET
emaj-79	110	4	evidence	evidence	NOUN
emaj-79	110	5	of	of	ADP
emaj-79	110	6	no	no	DET
emaj-79	110	7	autocorrelation	autocorrelation	NOUN
emaj-79	110	8	.	.	PUNCT
emaj-79	111	1	as	as	SCONJ
emaj-79	111	2	observed	observe	VERB
emaj-79	111	3	in	in	ADP
emaj-79	111	4	appendix	appendix	NOUN
emaj-79	111	5	9	9	NUM
emaj-79	111	6	and	and	CCONJ
emaj-79	111	7	10	10	NUM
emaj-79	111	8	,	,	PUNCT
emaj-79	111	9	we	we	PRON
emaj-79	111	10	find	find	VERB
emaj-79	111	11	evidence	evidence	NOUN
emaj-79	111	12	of	of	ADP
emaj-79	111	13	no	no	DET
emaj-79	111	14	autocorrelation	autocorrelation	NOUN
emaj-79	111	15	.	.	PUNCT
emaj-79	112	1	volume	volume	NOUN
emaj-79	112	2	5	5	NUM
emaj-79	112	3	no	no	DET
emaj-79	112	4	2	2	NUM
emaj-79	112	5	(	(	PUNCT
emaj-79	112	6	2015	2015	NUM
emaj-79	112	7	)	)	PUNCT
emaj-79	112	8	|	|	ADV
emaj-79	112	9	issn	issn	VERB
emaj-79	112	10	2158	2158	NUM
emaj-79	112	11	-	-	SYM
emaj-79	112	12	8708	8708	NUM
emaj-79	112	13	(	(	PUNCT
emaj-79	112	14	online	online	NOUN
emaj-79	112	15	)	)	PUNCT
emaj-79	112	16	|	|	ADV
emaj-79	112	17	doi	doi	X
emaj-79	112	18	10.5195	10.5195	NUM
emaj-79	112	19	/	/	SYM
emaj-79	112	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	112	21	|	|	ADV
emaj-79	112	22	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	112	23	evaluating	evaluate	VERB
emaj-79	112	24	banking	banking	NOUN
emaj-79	112	25	profit	profit	NOUN
emaj-79	112	26	performance	performance	NOUN
emaj-79	112	27	in	in	ADP
emaj-79	112	28	ghana	ghana	PROPN
emaj-79	112	29	during	during	ADP
emaj-79	112	30	and	and	CCONJ
emaj-79	112	31	post	post	VERB
emaj-79	112	32	profit	profit	NOUN
emaj-79	112	33	decline	decline	NOUN
emaj-79	112	34	:	:	PUNCT
emaj-79	112	35	a	a	DET
emaj-79	112	36	five	five	NUM
emaj-79	112	37	step	step	NOUN
emaj-79	112	38	du	du	ADJ
emaj-79	112	39	-	-	ADJ
emaj-79	112	40	pont	pont	ADJ
emaj-79	112	41	approach	approach	NOUN
emaj-79	112	42	page	page	NOUN
emaj-79	112	43	|32|	|32|	NOUN
emaj-79	112	44	emerging	emerge	VERB
emaj-79	112	45	markets	market	NOUN
emaj-79	112	46	journal	journal	NOUN
emaj-79	112	47	during	during	ADP
emaj-79	112	48	profit	profit	NOUN
emaj-79	112	49	decline	decline	NOUN
emaj-79	112	50	periods	period	VERB
emaj-79	112	51	post	post	VERB
emaj-79	112	52	profit	profit	NOUN
emaj-79	112	53	decline	decline	NOUN
emaj-79	112	54	periods	period	NOUN
emaj-79	112	55	table	table	NOUN
emaj-79	112	56	1	1	NUM
emaj-79	112	57	:	:	PUNCT
emaj-79	112	58	du	du	ADJ
emaj-79	112	59	-	-	ADJ
emaj-79	112	60	pont	pont	ADJ
emaj-79	112	61	variable	variable	NOUN
emaj-79	112	62	ranking	rank	VERB
emaj-79	112	63	during	during	ADP
emaj-79	112	64	and	and	CCONJ
emaj-79	112	65	post	post	VERB
emaj-79	112	66	profit	profit	NOUN
emaj-79	112	67	decline	decline	NOUN
emaj-79	112	68	periods	period	VERB
emaj-79	112	69	banks	bank	NOUN
emaj-79	112	70	opm	opm	PROPN
emaj-79	112	71	ato	ato	PROPN
emaj-79	112	72	lr	lr	PROPN
emaj-79	112	73	ib	ib	NOUN
emaj-79	112	74	te	te	PROPN
emaj-79	112	75	composi	composi	NOUN
emaj-79	112	76	te	te	ADP
emaj-79	112	77	score	score	NOUN
emaj-79	112	78	overa	overa	NOUN
emaj-79	112	79	ll	ll	AUX
emaj-79	112	80	bank	bank	PROPN
emaj-79	112	81	ranki	ranki	VERB
emaj-79	112	82	ng	ng	PROPN
emaj-79	112	83	banks	banks	PROPN
emaj-79	112	84	opm	opm	PROPN
emaj-79	112	85	ato	ato	PROPN
emaj-79	112	86	lr	lr	PROPN
emaj-79	112	87	ib	ib	PROPN
emaj-79	112	88	te	te	PROPN
emaj-79	112	89	composit	composit	PROPN
emaj-79	112	90	e	e	NOUN
emaj-79	112	91	score	score	NOUN
emaj-79	112	92	overal	overal	PROPN
emaj-79	112	93	l	l	PROPN
emaj-79	112	94	bank	bank	PROPN
emaj-79	112	95	rankin	rankin	PROPN
emaj-79	112	96	g	g	PROPN
emaj-79	112	97	gcb	gcb	PROPN
emaj-79	112	98	5	5	NUM
emaj-79	112	99	11	11	NUM
emaj-79	112	100	19	19	NUM
emaj-79	112	101	7	7	NUM
emaj-79	112	102	20	20	NUM
emaj-79	112	103	12.4	12.4	NUM
emaj-79	112	104	8	8	NUM
emaj-79	112	105	gcb	gcb	PROPN
emaj-79	112	106	6	6	NUM
emaj-79	112	107	17	17	NUM
emaj-79	112	108	24	24	NUM
emaj-79	112	109	2	2	NUM
emaj-79	112	110	23	23	NUM
emaj-79	112	111	14.4	14.4	NUM
emaj-79	112	112	2	2	NUM
emaj-79	112	113	adb	adb	NOUN
emaj-79	112	114	18	18	NUM
emaj-79	112	115	12	12	NUM
emaj-79	112	116	23	23	NUM
emaj-79	112	117	11	11	NUM
emaj-79	112	118	1	1	NUM
emaj-79	112	119	13	13	NUM
emaj-79	112	120	6	6	NUM
emaj-79	112	121	adb	adb	NOUN
emaj-79	112	122	21	21	NUM
emaj-79	112	123	15	15	NUM
emaj-79	112	124	24	24	NUM
emaj-79	112	125	8	8	NUM
emaj-79	112	126	2	2	NUM
emaj-79	112	127	14	14	NUM
emaj-79	112	128	4	4	NUM
emaj-79	112	129	stanbic	stanbic	ADJ
emaj-79	112	130	3	3	NUM
emaj-79	112	131	20	20	NUM
emaj-79	112	132	7	7	NUM
emaj-79	112	133	7	7	NUM
emaj-79	112	134	22	22	NUM
emaj-79	112	135	11.8	11.8	NUM
emaj-79	112	136	9	9	NUM
emaj-79	112	137	stanbic	stanbic	ADJ
emaj-79	112	138	13	13	NUM
emaj-79	112	139	25	25	NUM
emaj-79	112	140	2	2	NUM
emaj-79	112	141	12	12	NUM
emaj-79	112	142	10.4	10.4	NUM
emaj-79	112	143	14	14	NUM
emaj-79	112	144	boa	boa	NOUN
emaj-79	112	145	16	16	NUM
emaj-79	112	146	15	15	NUM
emaj-79	112	147	18	18	NUM
emaj-79	112	148	2	2	NUM
emaj-79	112	149	2	2	NUM
emaj-79	112	150	10.6	10.6	NUM
emaj-79	112	151	14	14	NUM
emaj-79	112	152	boa	boa	NOUN
emaj-79	112	153	24	24	NUM
emaj-79	112	154	24	24	NUM
emaj-79	112	155	20	20	NUM
emaj-79	112	156	4	4	NUM
emaj-79	112	157	9	9	NUM
emaj-79	112	158	16.2	16.2	NUM
emaj-79	112	159	1	1	NUM
emaj-79	112	160	bbg	bbg	NOUN
emaj-79	112	161	15	15	NUM
emaj-79	112	162	10	10	NUM
emaj-79	112	163	7	7	NUM
emaj-79	112	164	4	4	NUM
emaj-79	112	165	4	4	NUM
emaj-79	112	166	8	8	NUM
emaj-79	112	167	23	23	NUM
emaj-79	112	168	bbg	bbg	NOUN
emaj-79	112	169	11	11	NUM
emaj-79	112	170	16	16	NUM
emaj-79	112	171	8	8	NUM
emaj-79	112	172	9	9	NUM
emaj-79	112	173	1	1	NUM
emaj-79	112	174	9	9	NUM
emaj-79	112	175	23	23	NUM
emaj-79	112	176	cal	cal	NOUN
emaj-79	112	177	9	9	NUM
emaj-79	112	178	14	14	NUM
emaj-79	112	179	5	5	NUM
emaj-79	112	180	9	9	NUM
emaj-79	112	181	7	7	NUM
emaj-79	112	182	8.8	8.8	NUM
emaj-79	112	183	19	19	NUM
emaj-79	112	184	cal	cal	NOUN
emaj-79	112	185	9	9	NUM
emaj-79	112	186	22	22	NUM
emaj-79	112	187	6	6	NUM
emaj-79	112	188	7	7	NUM
emaj-79	112	189	11	11	NUM
emaj-79	112	190	11	11	NUM
emaj-79	112	191	12	12	NUM
emaj-79	112	192	eco	eco	NOUN
emaj-79	112	193	7	7	NUM
emaj-79	112	194	13	13	NUM
emaj-79	112	195	17	17	NUM
emaj-79	112	196	5	5	NUM
emaj-79	112	197	17	17	NUM
emaj-79	112	198	11.8	11.8	NUM
emaj-79	112	199	9	9	NUM
emaj-79	112	200	eco	eco	NOUN
emaj-79	112	201	4	4	NUM
emaj-79	112	202	18	18	NUM
emaj-79	112	203	6	6	NUM
emaj-79	112	204	6	6	NUM
emaj-79	112	205	17	17	NUM
emaj-79	112	206	10.2	10.2	NUM
emaj-79	112	207	15	15	NUM
emaj-79	112	208	fambl	fambl	NOUN
emaj-79	112	209	19	19	NUM
emaj-79	112	210	19	19	NUM
emaj-79	112	211	7	7	NUM
emaj-79	112	212	1	1	NUM
emaj-79	112	213	3	3	NUM
emaj-79	112	214	9.8	9.8	NUM
emaj-79	112	215	16	16	NUM
emaj-79	112	216	fambl	fambl	NOUN
emaj-79	112	217	20	20	NUM
emaj-79	112	218	20	20	NUM
emaj-79	112	219	1	1	NUM
emaj-79	112	220	5	5	NUM
emaj-79	112	221	4	4	NUM
emaj-79	112	222	10	10	NUM
emaj-79	112	223	17	17	NUM
emaj-79	112	224	hfc	hfc	ADJ
emaj-79	112	225	13	13	NUM
emaj-79	112	226	18	18	NUM
emaj-79	112	227	1	1	NUM
emaj-79	112	228	3	3	NUM
emaj-79	112	229	8	8	NUM
emaj-79	112	230	8.6	8.6	NUM
emaj-79	112	231	22	22	NUM
emaj-79	112	232	hfc	hfc	NOUN
emaj-79	112	233	15	15	NUM
emaj-79	112	234	19	19	NUM
emaj-79	112	235	1	1	NUM
emaj-79	112	236	10	10	NUM
emaj-79	112	237	14	14	NUM
emaj-79	112	238	11.8	11.8	NUM
emaj-79	112	239	9	9	NUM
emaj-79	112	240	icb	icb	NOUN
emaj-79	112	241	8	8	NUM
emaj-79	112	242	16	16	NUM
emaj-79	112	243	20	20	NUM
emaj-79	112	244	10	10	NUM
emaj-79	112	245	23	23	NUM
emaj-79	112	246	15.4	15.4	NUM
emaj-79	112	247	1	1	NUM
emaj-79	112	248	icb	icb	NOUN
emaj-79	112	249	17	17	NUM
emaj-79	112	250	23	23	NUM
emaj-79	112	251	4	4	NUM
emaj-79	112	252	11	11	NUM
emaj-79	112	253	16	16	NUM
emaj-79	112	254	14.2	14.2	NUM
emaj-79	112	255	3	3	NUM
emaj-79	112	256	mbgl	mbgl	NOUN
emaj-79	112	257	10	10	NUM
emaj-79	112	258	9	9	NUM
emaj-79	112	259	4	4	NUM
emaj-79	112	260	6	6	NUM
emaj-79	112	261	5	5	NUM
emaj-79	112	262	6.8	6.8	NUM
emaj-79	112	263	24	24	NUM
emaj-79	112	264	mbgl	mbgl	NOUN
emaj-79	112	265	25	25	NUM
emaj-79	112	266	21	21	NUM
emaj-79	112	267	2	2	NUM
emaj-79	112	268	1	1	NUM
emaj-79	112	269	20	20	NUM
emaj-79	112	270	13.8	13.8	NUM
emaj-79	112	271	5	5	NUM
emaj-79	112	272	nib	nib	NOUN
emaj-79	112	273	22	22	NUM
emaj-79	112	274	3	3	NUM
emaj-79	112	275	2	2	NUM
emaj-79	112	276	19	19	NUM
emaj-79	112	277	21	21	NUM
emaj-79	112	278	13.4	13.4	NUM
emaj-79	112	279	4	4	NUM
emaj-79	112	280	nib	nib	NOUN
emaj-79	112	281	23	23	NUM
emaj-79	112	282	5	5	NUM
emaj-79	112	283	14	14	NUM
emaj-79	112	284	22	22	NUM
emaj-79	112	285	3	3	NUM
emaj-79	112	286	13.4	13.4	NUM
emaj-79	112	287	6	6	NUM
emaj-79	112	288	scb	scb	NOUN
emaj-79	112	289	6	6	NUM
emaj-79	112	290	6	6	NUM
emaj-79	112	291	20	20	NUM
emaj-79	112	292	13	13	NUM
emaj-79	112	293	9	9	NUM
emaj-79	112	294	17	17	NUM
emaj-79	112	295	scb	scb	NOUN
emaj-79	112	296	2	2	NUM
emaj-79	112	297	1	1	NUM
emaj-79	112	298	3	3	NUM
emaj-79	112	299	20	20	NUM
emaj-79	112	300	18	18	NUM
emaj-79	112	301	8.8	8.8	NUM
emaj-79	112	302	24	24	NUM
emaj-79	112	303	utb	utb	PROPN
emaj-79	112	304	11	11	NUM
emaj-79	112	305	7	7	NUM
emaj-79	112	306	21	21	NUM
emaj-79	112	307	6	6	NUM
emaj-79	112	308	9	9	NUM
emaj-79	112	309	17	17	NUM
emaj-79	112	310	utb	utb	NOUN
emaj-79	112	311	14	14	NUM
emaj-79	112	312	4	4	NUM
emaj-79	112	313	3	3	NUM
emaj-79	112	314	21	21	NUM
emaj-79	112	315	7	7	NUM
emaj-79	112	316	9.8	9.8	NUM
emaj-79	112	317	19	19	NUM
emaj-79	112	318	uba	uba	PROPN
emaj-79	112	319	24	24	NUM
emaj-79	112	320	4	4	NUM
emaj-79	112	321	7	7	NUM
emaj-79	112	322	18	18	NUM
emaj-79	112	323	18	18	NUM
emaj-79	112	324	14.2	14.2	NUM
emaj-79	112	325	3	3	NUM
emaj-79	112	326	uba	uba	NOUN
emaj-79	112	327	8	8	NUM
emaj-79	112	328	9	9	NUM
emaj-79	112	329	3	3	NUM
emaj-79	112	330	17	17	NUM
emaj-79	112	331	24	24	NUM
emaj-79	112	332	12.2	12.2	NUM
emaj-79	112	333	8	8	NUM
emaj-79	112	334	zenith	zenith	NOUN
emaj-79	112	335	12	12	NUM
emaj-79	112	336	2	2	NUM
emaj-79	112	337	7	7	NUM
emaj-79	112	338	22	22	NUM
emaj-79	112	339	11	11	NUM
emaj-79	112	340	10.8	10.8	NUM
emaj-79	112	341	13	13	NUM
emaj-79	112	342	zenith	zenith	NOUN
emaj-79	112	343	10	10	NUM
emaj-79	112	344	8	8	NUM
emaj-79	112	345	3	3	NUM
emaj-79	112	346	19	19	NUM
emaj-79	112	347	8	8	NUM
emaj-79	112	348	9.6	9.6	NUM
emaj-79	112	349	21	21	NUM
emaj-79	112	350	gtb	gtb	NOUN
emaj-79	112	351	1	1	NUM
emaj-79	112	352	6	6	NUM
emaj-79	112	353	22	22	NUM
emaj-79	112	354	15	15	NUM
emaj-79	112	355	19	19	NUM
emaj-79	112	356	12.6	12.6	NUM
emaj-79	112	357	7	7	NUM
emaj-79	112	358	gtb	gtb	NOUN
emaj-79	112	359	3	3	NUM
emaj-79	112	360	10	10	NUM
emaj-79	112	361	9	9	NUM
emaj-79	112	362	16	16	NUM
emaj-79	112	363	13	13	NUM
emaj-79	112	364	10.2	10.2	NUM
emaj-79	112	365	15	15	NUM
emaj-79	112	366	fbl	fbl	NOUN
emaj-79	112	367	21	21	NUM
emaj-79	112	368	5	5	NUM
emaj-79	112	369	7	7	NUM
emaj-79	112	370	23	23	NUM
emaj-79	112	371	16	16	NUM
emaj-79	112	372	14.4	14.4	NUM
emaj-79	112	373	2	2	NUM
emaj-79	112	374	fbl	fbl	NOUN
emaj-79	112	375	18	18	NUM
emaj-79	112	376	6	6	NUM
emaj-79	112	377	3	3	NUM
emaj-79	112	378	25	25	NUM
emaj-79	112	379	6	6	NUM
emaj-79	112	380	11.6	11.6	NUM
emaj-79	112	381	10	10	NUM
emaj-79	112	382	bsic	bsic	ADJ
emaj-79	112	383	23	23	NUM
emaj-79	112	384	8	8	NUM
emaj-79	112	385	13	13	NUM
emaj-79	112	386	8.8	8.8	NUM
emaj-79	112	387	19	19	NUM
emaj-79	112	388	bsic	bsic	ADJ
emaj-79	112	389	22	22	NUM
emaj-79	112	390	11	11	NUM
emaj-79	112	391	3	3	NUM
emaj-79	112	392	14	14	NUM
emaj-79	112	393	10	10	NUM
emaj-79	112	394	17	17	NUM
emaj-79	112	395	sg	sg	PROPN
emaj-79	112	396	-	-	PUNCT
emaj-79	112	397	ssb	ssb	NOUN
emaj-79	112	398	2	2	NUM
emaj-79	112	399	1	1	NUM
emaj-79	112	400	21	21	NUM
emaj-79	112	401	16	16	NUM
emaj-79	112	402	15	15	NUM
emaj-79	112	403	11	11	NUM
emaj-79	112	404	11	11	NUM
emaj-79	112	405	energy	energy	NOUN
emaj-79	112	406	5	5	NUM
emaj-79	112	407	13	13	NUM
emaj-79	112	408	3	3	NUM
emaj-79	112	409	15	15	NUM
emaj-79	112	410	10	10	NUM
emaj-79	112	411	9.2	9.2	NUM
emaj-79	112	412	22	22	NUM
emaj-79	112	413	pbl	pbl	NOUN
emaj-79	112	414	14	14	NUM
emaj-79	112	415	3	3	NUM
emaj-79	112	416	24	24	NUM
emaj-79	112	417	9	9	NUM
emaj-79	112	418	10	10	NUM
emaj-79	112	419	15	15	NUM
emaj-79	112	420	sg	sg	PROPN
emaj-79	112	421	-	-	PUNCT
emaj-79	112	422	ssb	ssb	PROPN
emaj-79	112	423	12	12	NUM
emaj-79	112	424	7	7	NUM
emaj-79	112	425	2	2	NUM
emaj-79	112	426	18	18	NUM
emaj-79	112	427	19	19	NUM
emaj-79	112	428	11.6	11.6	NUM
emaj-79	112	429	10	10	NUM
emaj-79	112	430	bob	bob	NOUN
emaj-79	112	431	4	4	NUM
emaj-79	112	432	7	7	NUM
emaj-79	112	433	7	7	NUM
emaj-79	112	434	14	14	NUM
emaj-79	112	435	12	12	NUM
emaj-79	112	436	8.8	8.8	NUM
emaj-79	112	437	19	19	NUM
emaj-79	112	438	pbl	pbl	NOUN
emaj-79	112	439	19	19	NUM
emaj-79	112	440	2	2	NUM
emaj-79	112	441	1	1	NUM
emaj-79	112	442	23	23	NUM
emaj-79	112	443	22	22	NUM
emaj-79	112	444	13.4	13.4	NUM
emaj-79	112	445	6	6	NUM
emaj-79	112	446	uniban	uniban	ADJ
emaj-79	112	447	k	k	PROPN
emaj-79	112	448	17	17	NUM
emaj-79	112	449	7	7	NUM
emaj-79	112	450	17	17	NUM
emaj-79	112	451	14	14	NUM
emaj-79	112	452	11	11	NUM
emaj-79	112	453	11	11	NUM
emaj-79	112	454	bob	bob	NOUN
emaj-79	112	455	1	1	NUM
emaj-79	112	456	14	14	NUM
emaj-79	112	457	1	1	NUM
emaj-79	112	458	12	12	NUM
emaj-79	112	459	15	15	NUM
emaj-79	112	460	8.6	8.6	NUM
emaj-79	112	461	25	25	NUM
emaj-79	112	462	access	access	NOUN
emaj-79	112	463	20	20	NUM
emaj-79	112	464	17	17	NUM
emaj-79	112	465	7	7	NUM
emaj-79	112	466	12	12	NUM
emaj-79	112	467	10	10	NUM
emaj-79	112	468	13.2	13.2	NUM
emaj-79	112	469	5	5	NUM
emaj-79	112	470	uniban	uniban	ADJ
emaj-79	112	471	k	k	NOUN
emaj-79	112	472	16	16	NUM
emaj-79	112	473	3	3	NUM
emaj-79	112	474	1	1	NUM
emaj-79	112	475	24	24	NUM
emaj-79	112	476	5	5	NUM
emaj-79	112	477	9.8	9.8	NUM
emaj-79	112	478	19	19	NUM
emaj-79	112	479	compos	compos	NOUN
emaj-79	112	480	ite	ite	VERB
emaj-79	112	481	score	score	NOUN
emaj-79	112	482	12.5	12.5	NUM
emaj-79	112	483	8.75	8.75	NUM
emaj-79	112	484	9.6	9.6	NUM
emaj-79	112	485	3	3	NUM
emaj-79	112	486	12	12	NUM
emaj-79	112	487	.	.	PUNCT
emaj-79	113	1	5	5	NUM
emaj-79	113	2	11	11	NUM
emaj-79	113	3	.	.	X
emaj-79	114	1	5	5	NUM
emaj-79	114	2	access	access	NOUN
emaj-79	114	3	7	7	NUM
emaj-79	114	4	12	12	NUM
emaj-79	114	5	1	1	NUM
emaj-79	114	6	13	13	NUM
emaj-79	114	7	21	21	NUM
emaj-79	114	8	10.8	10.8	NUM
emaj-79	114	9	13	13	NUM
emaj-79	114	10	variab	variab	NOUN
emaj-79	114	11	le	le	X
emaj-79	114	12	rankin	rankin	PROPN
emaj-79	114	13	g	g	PROPN
emaj-79	114	14	1	1	NUM
emaj-79	114	15	5	5	NUM
emaj-79	114	16	4	4	NUM
emaj-79	114	17	2	2	NUM
emaj-79	114	18	3	3	NUM
emaj-79	114	19	composi	composi	NOUN
emaj-79	114	20	te	te	ADP
emaj-79	114	21	score	score	VERB
emaj-79	114	22	13	13	NUM
emaj-79	114	23	13	13	NUM
emaj-79	114	24	5.8	5.8	NUM
emaj-79	114	25	4	4	NUM
emaj-79	114	26	12	12	NUM
emaj-79	114	27	.	.	PUNCT
emaj-79	115	1	96	96	NUM
emaj-79	115	2	12	12	NUM
emaj-79	115	3	variabl	variabl	NOUN
emaj-79	115	4	e	e	PROPN
emaj-79	115	5	rankin	rankin	PROPN
emaj-79	115	6	g	g	PROPN
emaj-79	115	7	1	1	NUM
emaj-79	115	8	1	1	NUM
emaj-79	115	9	5	5	NUM
emaj-79	115	10	3	3	NUM
emaj-79	115	11	4	4	NUM
emaj-79	115	12	volume	volume	NOUN
emaj-79	115	13	5	5	NUM
emaj-79	115	14	no	no	DET
emaj-79	115	15	2	2	NUM
emaj-79	115	16	(	(	PUNCT
emaj-79	115	17	2015	2015	NUM
emaj-79	115	18	)	)	PUNCT
emaj-79	115	19	|	|	ADV
emaj-79	115	20	issn	issn	VERB
emaj-79	115	21	2158	2158	NUM
emaj-79	115	22	-	-	SYM
emaj-79	115	23	8708	8708	NUM
emaj-79	115	24	(	(	PUNCT
emaj-79	115	25	online	online	NOUN
emaj-79	115	26	)	)	PUNCT
emaj-79	115	27	|	|	ADV
emaj-79	115	28	doi	doi	X
emaj-79	115	29	10.5195	10.5195	NUM
emaj-79	115	30	/	/	SYM
emaj-79	115	31	emaj.2015.79	emaj.2015.79	VERB
emaj-79	115	32	|	|	ADV
emaj-79	115	33	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	115	34	baah	baah	PROPN
emaj-79	115	35	aye	aye	PROPN
emaj-79	115	36	kusi	kusi	PROPN
emaj-79	115	37	,	,	PUNCT
emaj-79	115	38	kwadjo	kwadjo	PROPN
emaj-79	115	39	ansah	ansah	PROPN
emaj-79	115	40	-	-	PUNCT
emaj-79	115	41	adu	adu	PROPN
emaj-79	115	42	,	,	PUNCT
emaj-79	115	43	albert	albert	PROPN
emaj-79	115	44	agyei	agyei	PROPN
emaj-79	115	45	emerging	emerge	VERB
emaj-79	115	46	markets	market	NOUN
emaj-79	115	47	journal	journal	NOUN
emaj-79	116	1	|	|	ADV
emaj-79	116	2	p	p	NOUN
emaj-79	116	3	a	a	DET
emaj-79	116	4	g	g	NOUN
emaj-79	116	5	e	e	NOUN
emaj-79	116	6	|33	|33	NOUN
emaj-79	116	7	5	5	NUM
emaj-79	116	8	.	.	PUNCT
emaj-79	117	1	empirical	empirical	ADJ
emaj-79	117	2	results	result	NOUN
emaj-79	117	3	our	our	PRON
emaj-79	117	4	first	first	ADJ
emaj-79	117	5	objective	objective	NOUN
emaj-79	117	6	is	be	AUX
emaj-79	117	7	to	to	PART
emaj-79	117	8	rank	rank	VERB
emaj-79	117	9	the	the	DET
emaj-79	117	10	banks	bank	NOUN
emaj-79	117	11	in	in	ADP
emaj-79	117	12	a	a	DET
emaj-79	117	13	descending	descend	VERB
emaj-79	117	14	order	order	NOUN
emaj-79	117	15	with	with	ADP
emaj-79	117	16	a	a	DET
emaj-79	117	17	composite	composite	ADJ
emaj-79	117	18	score	score	NOUN
emaj-79	117	19	that	that	PRON
emaj-79	117	20	comprises	comprise	VERB
emaj-79	117	21	all	all	DET
emaj-79	117	22	five	five	NUM
emaj-79	117	23	variables	variable	NOUN
emaj-79	117	24	of	of	ADP
emaj-79	117	25	the	the	DET
emaj-79	117	26	five	five	NUM
emaj-79	117	27	step	step	NOUN
emaj-79	117	28	du	du	ADJ
emaj-79	117	29	-	-	ADJ
emaj-79	117	30	pont	pont	ADJ
emaj-79	117	31	model	model	NOUN
emaj-79	117	32	during	during	ADP
emaj-79	117	33	and	and	CCONJ
emaj-79	117	34	post	post	VERB
emaj-79	117	35	profit	profit	NOUN
emaj-79	117	36	decline	decline	NOUN
emaj-79	117	37	in	in	ADP
emaj-79	117	38	ghana	ghana	PROPN
emaj-79	117	39	.	.	PUNCT
emaj-79	118	1	we	we	PRON
emaj-79	118	2	first	first	ADV
emaj-79	118	3	find	find	VERB
emaj-79	118	4	the	the	DET
emaj-79	118	5	average	average	NOUN
emaj-79	118	6	of	of	ADP
emaj-79	118	7	each	each	DET
emaj-79	118	8	variable	variable	NOUN
emaj-79	118	9	for	for	ADP
emaj-79	118	10	each	each	DET
emaj-79	118	11	period	period	NOUN
emaj-79	118	12	,	,	PUNCT
emaj-79	118	13	then	then	ADV
emaj-79	118	14	rank	rank	VERB
emaj-79	118	15	the	the	DET
emaj-79	118	16	averages	average	NOUN
emaj-79	118	17	in	in	ADP
emaj-79	118	18	a	a	DET
emaj-79	118	19	descending	descend	VERB
emaj-79	118	20	order	order	NOUN
emaj-79	118	21	.	.	PUNCT
emaj-79	119	1	we	we	PRON
emaj-79	119	2	again	again	ADV
emaj-79	119	3	find	find	VERB
emaj-79	119	4	the	the	DET
emaj-79	119	5	averages	average	NOUN
emaj-79	119	6	of	of	ADP
emaj-79	119	7	the	the	DET
emaj-79	119	8	ranked	rank	VERB
emaj-79	119	9	values	value	NOUN
emaj-79	119	10	and	and	CCONJ
emaj-79	119	11	this	this	PRON
emaj-79	119	12	gives	give	VERB
emaj-79	119	13	us	we	PRON
emaj-79	119	14	the	the	DET
emaj-79	119	15	composite	composite	ADJ
emaj-79	119	16	score	score	NOUN
emaj-79	119	17	.	.	PUNCT
emaj-79	120	1	hence	hence	ADV
emaj-79	120	2	,	,	PUNCT
emaj-79	120	3	we	we	PRON
emaj-79	120	4	rank	rank	VERB
emaj-79	120	5	the	the	DET
emaj-79	120	6	composite	composite	ADJ
emaj-79	120	7	score	score	NOUN
emaj-79	120	8	for	for	ADP
emaj-79	120	9	each	each	DET
emaj-79	120	10	bank	bank	NOUN
emaj-79	120	11	and	and	CCONJ
emaj-79	120	12	variable	variable	NOUN
emaj-79	120	13	for	for	ADP
emaj-79	120	14	the	the	DET
emaj-79	120	15	two	two	NUM
emaj-79	120	16	time	time	NOUN
emaj-79	120	17	periods	period	NOUN
emaj-79	120	18	.	.	PUNCT
emaj-79	121	1	we	we	PRON
emaj-79	121	2	find	find	VERB
emaj-79	121	3	that	that	SCONJ
emaj-79	121	4	the	the	DET
emaj-79	121	5	positions	position	NOUN
emaj-79	121	6	of	of	ADP
emaj-79	121	7	banks	bank	NOUN
emaj-79	121	8	changed	change	VERB
emaj-79	121	9	or	or	CCONJ
emaj-79	121	10	varied	varied	ADJ
emaj-79	121	11	across	across	ADP
emaj-79	121	12	the	the	DET
emaj-79	121	13	two	two	NUM
emaj-79	121	14	time	time	NOUN
emaj-79	121	15	periods	period	NOUN
emaj-79	121	16	.	.	PUNCT
emaj-79	122	1	for	for	ADP
emaj-79	122	2	instance	instance	NOUN
emaj-79	122	3	,	,	PUNCT
emaj-79	122	4	international	international	ADJ
emaj-79	122	5	commercial	commercial	ADJ
emaj-79	122	6	bank	bank	NOUN
emaj-79	122	7	(	(	PUNCT
emaj-79	122	8	icb	icb	PROPN
emaj-79	122	9	now	now	ADV
emaj-79	122	10	fbn	fbn	VERB
emaj-79	122	11	)	)	PUNCT
emaj-79	122	12	was	be	AUX
emaj-79	122	13	ranked	rank	VERB
emaj-79	122	14	1st	1st	ADV
emaj-79	122	15	from	from	ADP
emaj-79	122	16	the	the	DET
emaj-79	122	17	composite	composite	ADJ
emaj-79	122	18	score	score	NOUN
emaj-79	122	19	during	during	ADP
emaj-79	122	20	profit	profit	NOUN
emaj-79	122	21	declining	decline	VERB
emaj-79	122	22	periods	period	NOUN
emaj-79	122	23	,	,	PUNCT
emaj-79	122	24	but	but	CCONJ
emaj-79	122	25	ranked	rank	VERB
emaj-79	122	26	3rd	3rd	NOUN
emaj-79	122	27	for	for	ADP
emaj-79	122	28	post	post	NOUN
emaj-79	122	29	profit	profit	NOUN
emaj-79	122	30	decline	decline	NOUN
emaj-79	122	31	,	,	PUNCT
emaj-79	122	32	while	while	SCONJ
emaj-79	122	33	bank	bank	PROPN
emaj-79	122	34	of	of	ADP
emaj-79	122	35	africa	africa	PROPN
emaj-79	122	36	(	(	PUNCT
emaj-79	122	37	boa	boa	PROPN
emaj-79	122	38	)	)	PUNCT
emaj-79	122	39	ranked	rank	VERB
emaj-79	122	40	14th	14th	ADJ
emaj-79	122	41	during	during	ADP
emaj-79	122	42	profit	profit	NOUN
emaj-79	122	43	declining	decline	VERB
emaj-79	122	44	periods	period	NOUN
emaj-79	122	45	,	,	PUNCT
emaj-79	122	46	but	but	CCONJ
emaj-79	122	47	ranked	rank	VERB
emaj-79	122	48	1st	1st	NOUN
emaj-79	122	49	for	for	ADP
emaj-79	122	50	post	post	NOUN
emaj-79	122	51	profit	profit	NOUN
emaj-79	122	52	decline	decline	NOUN
emaj-79	122	53	periods	period	NOUN
emaj-79	122	54	.	.	PUNCT
emaj-79	123	1	from	from	ADP
emaj-79	123	2	the	the	DET
emaj-79	123	3	bottom	bottom	NOUN
emaj-79	123	4	,	,	PUNCT
emaj-79	123	5	merchant	merchant	NOUN
emaj-79	123	6	bank	bank	PROPN
emaj-79	123	7	ghana	ghana	PROPN
emaj-79	123	8	limited	limit	VERB
emaj-79	123	9	(	(	PUNCT
emaj-79	123	10	mbgl	mbgl	NOUN
emaj-79	123	11	)	)	PUNCT
emaj-79	123	12	ranked	rank	VERB
emaj-79	123	13	24th	24th	NOUN
emaj-79	123	14	during	during	ADP
emaj-79	123	15	profit	profit	NOUN
emaj-79	123	16	declining	decline	VERB
emaj-79	123	17	periods	period	NOUN
emaj-79	123	18	,	,	PUNCT
emaj-79	123	19	but	but	CCONJ
emaj-79	123	20	ranked	rank	VERB
emaj-79	123	21	5th	5th	ADJ
emaj-79	123	22	for	for	ADP
emaj-79	123	23	post	post	NOUN
emaj-79	123	24	profit	profit	NOUN
emaj-79	123	25	decline	decline	NOUN
emaj-79	123	26	periods	period	NOUN
emaj-79	123	27	,	,	PUNCT
emaj-79	123	28	while	while	SCONJ
emaj-79	123	29	standard	standard	ADJ
emaj-79	123	30	charted	charted	ADJ
emaj-79	123	31	bank	bank	NOUN
emaj-79	123	32	(	(	PUNCT
emaj-79	123	33	scb	scb	PROPN
emaj-79	123	34	)	)	PUNCT
emaj-79	123	35	ranked	rank	VERB
emaj-79	123	36	17th	17th	NOUN
emaj-79	123	37	during	during	ADP
emaj-79	123	38	profit	profit	NOUN
emaj-79	123	39	declining	decline	VERB
emaj-79	123	40	periods	period	NOUN
emaj-79	123	41	,	,	PUNCT
emaj-79	123	42	but	but	CCONJ
emaj-79	123	43	ranked	rank	VERB
emaj-79	123	44	24th	24th	NOUN
emaj-79	123	45	for	for	ADP
emaj-79	123	46	post	post	NOUN
emaj-79	123	47	profit	profit	NOUN
emaj-79	123	48	decline	decline	NOUN
emaj-79	123	49	periods	period	NOUN
emaj-79	123	50	.	.	PUNCT
emaj-79	124	1	this	this	PRON
emaj-79	124	2	implies	imply	VERB
emaj-79	124	3	that	that	SCONJ
emaj-79	124	4	the	the	DET
emaj-79	124	5	performances	performance	NOUN
emaj-79	124	6	of	of	ADP
emaj-79	124	7	banks	bank	NOUN
emaj-79	124	8	are	be	AUX
emaj-79	124	9	greatly	greatly	ADV
emaj-79	124	10	affected	affect	VERB
emaj-79	124	11	by	by	ADP
emaj-79	124	12	the	the	DET
emaj-79	124	13	two	two	NUM
emaj-79	124	14	periods	period	NOUN
emaj-79	124	15	investigated	investigate	VERB
emaj-79	124	16	.	.	PUNCT
emaj-79	125	1	we	we	PRON
emaj-79	125	2	further	far	ADV
emaj-79	125	3	find	find	VERB
emaj-79	125	4	that	that	SCONJ
emaj-79	125	5	six	six	NUM
emaj-79	125	6	foreign	foreign	ADJ
emaj-79	125	7	banks	bank	NOUN
emaj-79	125	8	occupied	occupy	VERB
emaj-79	125	9	the	the	DET
emaj-79	125	10	first	first	ADJ
emaj-79	125	11	ten	ten	NUM
emaj-79	125	12	top	top	ADJ
emaj-79	125	13	ranked	rank	VERB
emaj-79	125	14	positions	position	NOUN
emaj-79	125	15	during	during	ADP
emaj-79	125	16	profit	profit	NOUN
emaj-79	125	17	decline	decline	NOUN
emaj-79	125	18	periods	period	NOUN
emaj-79	125	19	while	while	SCONJ
emaj-79	125	20	leaving	leave	VERB
emaj-79	125	21	four	four	NUM
emaj-79	125	22	slots	slot	NOUN
emaj-79	125	23	for	for	ADP
emaj-79	125	24	local	local	ADJ
emaj-79	125	25	banks	bank	NOUN
emaj-79	125	26	.	.	PUNCT
emaj-79	126	1	however	however	ADV
emaj-79	126	2	,	,	PUNCT
emaj-79	126	3	the	the	DET
emaj-79	126	4	ranking	ranking	NOUN
emaj-79	126	5	changed	change	VERB
emaj-79	126	6	as	as	SCONJ
emaj-79	126	7	seven	seven	NUM
emaj-79	126	8	local	local	ADJ
emaj-79	126	9	banks	bank	NOUN
emaj-79	126	10	dominated	dominate	VERB
emaj-79	126	11	the	the	DET
emaj-79	126	12	top	top	ADJ
emaj-79	126	13	ten	ten	NUM
emaj-79	126	14	banks	bank	NOUN
emaj-79	126	15	,	,	PUNCT
emaj-79	126	16	ranked	rank	VERB
emaj-79	126	17	after	after	ADP
emaj-79	126	18	or	or	CCONJ
emaj-79	126	19	post	post	VERB
emaj-79	126	20	profit	profit	NOUN
emaj-79	126	21	decline	decline	NOUN
emaj-79	126	22	periods	period	NOUN
emaj-79	126	23	.	.	PUNCT
emaj-79	127	1	it	it	PRON
emaj-79	127	2	is	be	AUX
emaj-79	127	3	interesting	interesting	ADJ
emaj-79	127	4	to	to	PART
emaj-79	127	5	however	however	ADV
emaj-79	127	6	find	find	VERB
emaj-79	127	7	that	that	SCONJ
emaj-79	127	8	,	,	PUNCT
emaj-79	127	9	six	six	NUM
emaj-79	127	10	banks	bank	NOUN
emaj-79	127	11	remained	remain	VERB
emaj-79	127	12	in	in	ADP
emaj-79	127	13	the	the	DET
emaj-79	127	14	top	top	ADJ
emaj-79	127	15	ten	ten	NUM
emaj-79	127	16	ranked	rank	VERB
emaj-79	127	17	banks	bank	NOUN
emaj-79	127	18	for	for	ADP
emaj-79	127	19	both	both	DET
emaj-79	127	20	profit	profit	NOUN
emaj-79	127	21	decline	decline	NOUN
emaj-79	127	22	periods	period	NOUN
emaj-79	127	23	and	and	CCONJ
emaj-79	127	24	post	post	VERB
emaj-79	127	25	profit	profit	NOUN
emaj-79	127	26	decline	decline	NOUN
emaj-79	127	27	periods	period	NOUN
emaj-79	127	28	.	.	PUNCT
emaj-79	128	1	out	out	ADP
emaj-79	128	2	of	of	ADP
emaj-79	128	3	these	these	DET
emaj-79	128	4	six	six	NUM
emaj-79	128	5	banks	bank	NOUN
emaj-79	128	6	,	,	PUNCT
emaj-79	128	7	three	three	NUM
emaj-79	128	8	of	of	ADP
emaj-79	128	9	them	they	PRON
emaj-79	128	10	,	,	PUNCT
emaj-79	128	11	namely	namely	ADV
emaj-79	128	12	international	international	ADJ
emaj-79	128	13	commercial	commercial	ADJ
emaj-79	128	14	bank	bank	NOUN
emaj-79	128	15	(	(	PUNCT
emaj-79	128	16	icb	icb	PROPN
emaj-79	128	17	)	)	PUNCT
emaj-79	128	18	,	,	PUNCT
emaj-79	128	19	united	united	PROPN
emaj-79	128	20	bank	bank	PROPN
emaj-79	128	21	of	of	ADP
emaj-79	128	22	africa	africa	PROPN
emaj-79	128	23	(	(	PUNCT
emaj-79	128	24	uba	uba	PROPN
emaj-79	128	25	)	)	PUNCT
emaj-79	128	26	and	and	CCONJ
emaj-79	128	27	fidelity	fidelity	PROPN
emaj-79	128	28	bank	bank	PROPN
emaj-79	128	29	limited	limit	VERB
emaj-79	128	30	(	(	PUNCT
emaj-79	128	31	fbl	fbl	NOUN
emaj-79	128	32	)	)	PUNCT
emaj-79	128	33	were	be	AUX
emaj-79	128	34	foreign	foreign	ADJ
emaj-79	128	35	banks	bank	NOUN
emaj-79	128	36	while	while	SCONJ
emaj-79	128	37	ghana	ghana	PROPN
emaj-79	128	38	commercial	commercial	PROPN
emaj-79	128	39	bank	bank	PROPN
emaj-79	128	40	(	(	PUNCT
emaj-79	128	41	gcb	gcb	PROPN
emaj-79	128	42	)	)	PUNCT
emaj-79	128	43	,	,	PUNCT
emaj-79	128	44	national	national	PROPN
emaj-79	128	45	investment	investment	PROPN
emaj-79	128	46	bank	bank	PROPN
emaj-79	128	47	(	(	PUNCT
emaj-79	128	48	nib	nib	PROPN
emaj-79	128	49	)	)	PUNCT
emaj-79	128	50	and	and	CCONJ
emaj-79	128	51	agricultural	agricultural	ADJ
emaj-79	128	52	development	development	PROPN
emaj-79	128	53	bank	bank	PROPN
emaj-79	128	54	(	(	PUNCT
emaj-79	128	55	adb	adb	PROPN
emaj-79	128	56	)	)	PUNCT
emaj-79	128	57	were	be	AUX
emaj-79	128	58	local	local	ADJ
emaj-79	128	59	banks	bank	NOUN
emaj-79	128	60	.	.	PUNCT
emaj-79	129	1	finally	finally	ADV
emaj-79	129	2	,	,	PUNCT
emaj-79	129	3	on	on	ADP
emaj-79	129	4	the	the	DET
emaj-79	129	5	part	part	NOUN
emaj-79	129	6	of	of	ADP
emaj-79	129	7	variables	variable	NOUN
emaj-79	129	8	,	,	PUNCT
emaj-79	129	9	operating	operate	VERB
emaj-79	129	10	profit	profit	NOUN
emaj-79	129	11	margin	margin	NOUN
emaj-79	129	12	(	(	PUNCT
emaj-79	129	13	opm	opm	NOUN
emaj-79	129	14	)	)	PUNCT
emaj-79	129	15	and	and	CCONJ
emaj-79	129	16	asset	asset	NOUN
emaj-79	129	17	turnover	turnover	NOUN
emaj-79	129	18	(	(	PUNCT
emaj-79	129	19	ato	ato	PROPN
emaj-79	129	20	)	)	PUNCT
emaj-79	129	21	ranked	rank	VERB
emaj-79	129	22	1st	1st	NOUN
emaj-79	129	23	and	and	CCONJ
emaj-79	129	24	5th	5th	ADJ
emaj-79	129	25	respectively	respectively	ADV
emaj-79	129	26	during	during	ADP
emaj-79	129	27	profit	profit	NOUN
emaj-79	129	28	decline	decline	NOUN
emaj-79	129	29	periods	period	NOUN
emaj-79	129	30	,	,	PUNCT
emaj-79	129	31	implying	imply	VERB
emaj-79	129	32	that	that	SCONJ
emaj-79	129	33	opm	opm	PROPN
emaj-79	129	34	and	and	CCONJ
emaj-79	129	35	ato	ato	PROPN
emaj-79	129	36	were	be	AUX
emaj-79	129	37	the	the	DET
emaj-79	129	38	highest	high	ADJ
emaj-79	129	39	and	and	CCONJ
emaj-79	129	40	lowest	low	ADJ
emaj-79	129	41	variables	variable	NOUN
emaj-79	129	42	of	of	ADP
emaj-79	129	43	the	the	DET
emaj-79	129	44	du	du	ADJ
emaj-79	129	45	-	-	ADJ
emaj-79	129	46	pont	pont	ADJ
emaj-79	129	47	model	model	NOUN
emaj-79	129	48	during	during	ADP
emaj-79	129	49	profit	profit	NOUN
emaj-79	129	50	decline	decline	NOUN
emaj-79	129	51	periods	period	NOUN
emaj-79	129	52	.	.	PUNCT
emaj-79	130	1	however	however	ADV
emaj-79	130	2	,	,	PUNCT
emaj-79	130	3	opm	opm	PROPN
emaj-79	130	4	and	and	CCONJ
emaj-79	130	5	ato	ato	NOUN
emaj-79	130	6	ranked	rank	VERB
emaj-79	130	7	1st	1st	NOUN
emaj-79	130	8	while	while	SCONJ
emaj-79	130	9	leverage	leverage	NOUN
emaj-79	130	10	ranked	rank	VERB
emaj-79	130	11	5th	5th	ADV
emaj-79	130	12	after	after	ADP
emaj-79	130	13	or	or	CCONJ
emaj-79	130	14	post	post	VERB
emaj-79	130	15	profit	profit	NOUN
emaj-79	130	16	decline	decline	NOUN
emaj-79	130	17	.	.	PUNCT
emaj-79	131	1	table	table	NOUN
emaj-79	131	2	2	2	NUM
emaj-79	131	3	:	:	PUNCT
emaj-79	131	4	pearson	pearson	NOUN
emaj-79	131	5	correlation	correlation	NOUN
emaj-79	131	6	matrix	matrix	NOUN
emaj-79	131	7	during	during	ADP
emaj-79	131	8	profit	profit	NOUN
emaj-79	131	9	decline	decline	NOUN
emaj-79	131	10	(	(	PUNCT
emaj-79	131	11	2006	2006	NUM
emaj-79	131	12	-	-	SYM
emaj-79	131	13	2009	2009	NUM
emaj-79	131	14	)	)	PUNCT
emaj-79	131	15	roe	roe	PROPN
emaj-79	131	16	opm	opm	PROPN
emaj-79	131	17	ato	ato	PROPN
emaj-79	131	18	lr	lr	PROPN
emaj-79	131	19	ib	ib	PROPN
emaj-79	131	20	taxe	taxe	PROPN
emaj-79	131	21	ffi	ffi	PROPN
emaj-79	131	22	roe	roe	PROPN
emaj-79	131	23	1	1	NUM
emaj-79	131	24	opm	opm	PROPN
emaj-79	131	25	0.447	0.447	NUM
emaj-79	131	26	*	*	PUNCT
emaj-79	131	27	*	*	PUNCT
emaj-79	131	28	*	*	PUNCT
emaj-79	131	29	1	1	NUM
emaj-79	131	30	ato	ato	NOUN
emaj-79	131	31	0.473	0.473	NUM
emaj-79	131	32	6	6	NUM
emaj-79	131	33	*	*	PUNCT
emaj-79	131	34	*	*	PUNCT
emaj-79	131	35	*	*	NOUN
emaj-79	131	36	0.05	0.05	NUM
emaj-79	131	37	09	09	NUM
emaj-79	131	38	1	1	NUM
emaj-79	131	39	lr	lr	NOUN
emaj-79	131	40	0.636	0.636	NUM
emaj-79	131	41	8	8	NUM
emaj-79	131	42	*	*	PUNCT
emaj-79	131	43	*	*	PUNCT
emaj-79	131	44	*	*	PUNCT
emaj-79	131	45	0.11	0.11	NUM
emaj-79	131	46	27	27	NUM
emaj-79	131	47	0.6086	0.6086	NUM
emaj-79	131	48	*	*	PUNCT
emaj-79	131	49	*	*	PUNCT
emaj-79	131	50	*	*	PUNCT
emaj-79	131	51	1	1	NUM
emaj-79	131	52	ib	ib	NOUN
emaj-79	131	53	0.004	0.004	NUM
emaj-79	131	54	1	1	NUM
emaj-79	131	55	0.03	0.03	NUM
emaj-79	131	56	32	32	NUM
emaj-79	131	57	0.0355	0.0355	NUM
emaj-79	131	58	0.00	0.00	NUM
emaj-79	131	59	12	12	NUM
emaj-79	131	60	1	1	NUM
emaj-79	131	61	taxef	taxef	NOUN
emaj-79	131	62	fi	fi	NOUN
emaj-79	131	63	0.073	0.073	NUM
emaj-79	131	64	1	1	NUM
emaj-79	131	65	0.00	0.00	NUM
emaj-79	131	66	53	53	NUM
emaj-79	131	67	0.0421	0.0421	NUM
emaj-79	131	68	0.12	0.12	NUM
emaj-79	131	69	73	73	NUM
emaj-79	131	70	0.09	0.09	NUM
emaj-79	131	71	48	48	NUM
emaj-79	131	72	1	1	NUM
emaj-79	131	73	significant	significant	ADJ
emaj-79	131	74	level	level	NOUN
emaj-79	131	75	:	:	PUNCT
emaj-79	131	76	10	10	NUM
emaj-79	131	77	%	%	NOUN
emaj-79	131	78	(	(	PUNCT
emaj-79	131	79	*	*	NOUN
emaj-79	131	80	)	)	PUNCT
emaj-79	131	81	,	,	PUNCT
emaj-79	131	82	5	5	NUM
emaj-79	131	83	%	%	NOUN
emaj-79	131	84	(	(	PUNCT
emaj-79	131	85	*	*	NOUN
emaj-79	131	86	*	*	PUNCT
emaj-79	131	87	)	)	PUNCT
emaj-79	131	88	and	and	CCONJ
emaj-79	131	89	1	1	NUM
emaj-79	131	90	%	%	NOUN
emaj-79	131	91	(	(	PUNCT
emaj-79	131	92	*	*	PUNCT
emaj-79	131	93	*	*	PUNCT
emaj-79	131	94	*	*	PUNCT
emaj-79	131	95	)	)	PUNCT
emaj-79	132	1	roe=	roe=	PRON
emaj-79	132	2	return	return	VERB
emaj-79	132	3	on	on	ADP
emaj-79	132	4	equity	equity	NOUN
emaj-79	132	5	,	,	PUNCT
emaj-79	132	6	opm=	opm=	VERB
emaj-79	132	7	operating	operate	VERB
emaj-79	132	8	profit	profit	NOUN
emaj-79	132	9	margin	margin	NOUN
emaj-79	132	10	,	,	PUNCT
emaj-79	132	11	ato=	ato=	ADJ
emaj-79	132	12	asset	asset	NOUN
emaj-79	132	13	turnover	turnover	NOUN
emaj-79	132	14	,	,	PUNCT
emaj-79	132	15	lr=	lr=	NOUN
emaj-79	132	16	leverage	leverage	NOUN
emaj-79	132	17	,	,	PUNCT
emaj-79	132	18	ib=	ib=	NOUN
emaj-79	132	19	interest	interest	NOUN
emaj-79	132	20	burden	burden	NOUN
emaj-79	132	21	,	,	PUNCT
emaj-79	132	22	taxeffi=	taxeffi=	NUM
emaj-79	132	23	tax	tax	NOUN
emaj-79	132	24	effect	effect	NOUN
emaj-79	132	25	table	table	NOUN
emaj-79	132	26	2	2	NUM
emaj-79	132	27	and	and	CCONJ
emaj-79	132	28	table	table	NOUN
emaj-79	132	29	3	3	NUM
emaj-79	132	30	present	present	VERB
emaj-79	132	31	the	the	DET
emaj-79	132	32	pearson	pearson	PROPN
emaj-79	132	33	correlation	correlation	NOUN
emaj-79	132	34	coefficient	coefficient	NOUN
emaj-79	132	35	matrix	matrix	NOUN
emaj-79	132	36	,	,	PUNCT
emaj-79	132	37	which	which	PRON
emaj-79	132	38	is	be	AUX
emaj-79	132	39	very	very	ADV
emaj-79	132	40	important	important	ADJ
emaj-79	132	41	.	.	PUNCT
emaj-79	133	1	first	first	ADV
emaj-79	133	2	of	of	ADP
emaj-79	133	3	all	all	PRON
emaj-79	133	4	,	,	PUNCT
emaj-79	133	5	it	it	PRON
emaj-79	133	6	is	be	AUX
emaj-79	133	7	significant	significant	ADJ
emaj-79	133	8	to	to	PART
emaj-79	133	9	check	check	VERB
emaj-79	133	10	multicollinearity	multicollinearity	NOUN
emaj-79	133	11	during	during	ADP
emaj-79	133	12	and	and	CCONJ
emaj-79	133	13	post	post	VERB
emaj-79	133	14	periods	period	NOUN
emaj-79	133	15	of	of	ADP
emaj-79	133	16	profit	profit	NOUN
emaj-79	133	17	decline	decline	NOUN
emaj-79	133	18	as	as	SCONJ
emaj-79	133	19	highlighted	highlight	VERB
emaj-79	133	20	in	in	ADP
emaj-79	133	21	the	the	DET
emaj-79	133	22	methodology	methodology	NOUN
emaj-79	133	23	section	section	NOUN
emaj-79	133	24	.	.	PUNCT
emaj-79	134	1	second	second	ADJ
emaj-79	134	2	,	,	PUNCT
emaj-79	134	3	it	it	PRON
emaj-79	134	4	is	be	AUX
emaj-79	134	5	important	important	ADJ
emaj-79	134	6	because	because	SCONJ
emaj-79	134	7	we	we	PRON
emaj-79	134	8	employ	employ	VERB
emaj-79	134	9	the	the	DET
emaj-79	134	10	pearson	pearson	PROPN
emaj-79	134	11	correlation	correlation	NOUN
emaj-79	134	12	coefficient	coefficient	NOUN
emaj-79	134	13	to	to	PART
emaj-79	134	14	identify	identify	VERB
emaj-79	134	15	and	and	CCONJ
emaj-79	134	16	detect	detect	VERB
emaj-79	134	17	the	the	DET
emaj-79	134	18	variables	variable	NOUN
emaj-79	134	19	that	that	PRON
emaj-79	134	20	are	be	AUX
emaj-79	134	21	most	most	ADV
emaj-79	134	22	likely	likely	ADJ
emaj-79	134	23	to	to	PART
emaj-79	134	24	influence	influence	VERB
emaj-79	134	25	the	the	DET
emaj-79	134	26	dependent	dependent	ADJ
emaj-79	134	27	variable	variable	NOUN
emaj-79	134	28	(	(	PUNCT
emaj-79	134	29	dependent	dependent	ADJ
emaj-79	134	30	variable	variable	NOUN
emaj-79	134	31	:	:	PUNCT
emaj-79	134	32	bank	bank	NOUN
emaj-79	134	33	roe	roe	PROPN
emaj-79	134	34	)	)	PUNCT
emaj-79	134	35	in	in	ADP
emaj-79	134	36	either	either	DET
emaj-79	134	37	periods	period	NOUN
emaj-79	134	38	in	in	ADP
emaj-79	134	39	a	a	DET
emaj-79	134	40	du	du	ADJ
emaj-79	134	41	-	-	ADJ
emaj-79	134	42	pont	pont	ADJ
emaj-79	134	43	model	model	NOUN
emaj-79	134	44	.	.	PUNCT
emaj-79	135	1	volume	volume	NOUN
emaj-79	135	2	5	5	NUM
emaj-79	135	3	no	no	DET
emaj-79	135	4	2	2	NUM
emaj-79	135	5	(	(	PUNCT
emaj-79	135	6	2015	2015	NUM
emaj-79	135	7	)	)	PUNCT
emaj-79	135	8	|	|	ADV
emaj-79	135	9	issn	issn	VERB
emaj-79	135	10	2158	2158	NUM
emaj-79	135	11	-	-	SYM
emaj-79	135	12	8708	8708	NUM
emaj-79	135	13	(	(	PUNCT
emaj-79	135	14	online	online	NOUN
emaj-79	135	15	)	)	PUNCT
emaj-79	135	16	|	|	ADV
emaj-79	135	17	doi	doi	X
emaj-79	135	18	10.5195	10.5195	NUM
emaj-79	135	19	/	/	SYM
emaj-79	135	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	135	21	|	|	ADV
emaj-79	135	22	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	135	23	evaluating	evaluate	VERB
emaj-79	135	24	banking	banking	NOUN
emaj-79	135	25	profit	profit	NOUN
emaj-79	135	26	performance	performance	NOUN
emaj-79	135	27	in	in	ADP
emaj-79	135	28	ghana	ghana	PROPN
emaj-79	135	29	during	during	ADP
emaj-79	135	30	and	and	CCONJ
emaj-79	135	31	post	post	VERB
emaj-79	135	32	profit	profit	NOUN
emaj-79	135	33	decline	decline	NOUN
emaj-79	135	34	:	:	PUNCT
emaj-79	135	35	a	a	DET
emaj-79	135	36	five	five	NUM
emaj-79	135	37	step	step	NOUN
emaj-79	135	38	du	du	ADJ
emaj-79	135	39	-	-	ADJ
emaj-79	135	40	pont	pont	ADJ
emaj-79	135	41	approach	approach	NOUN
emaj-79	135	42	page	page	NOUN
emaj-79	135	43	|34|	|34|	VERB
emaj-79	135	44	emerging	emerge	VERB
emaj-79	135	45	markets	market	NOUN
emaj-79	135	46	journal	journal	NOUN
emaj-79	135	47	table	table	NOUN
emaj-79	135	48	3	3	NUM
emaj-79	135	49	pearson	pearson	NOUN
emaj-79	135	50	correlation	correlation	NOUN
emaj-79	135	51	matrix	matrix	NOUN
emaj-79	135	52	during	during	ADP
emaj-79	135	53	profit	profit	NOUN
emaj-79	135	54	decline	decline	NOUN
emaj-79	135	55	periods	period	NOUN
emaj-79	135	56	(	(	PUNCT
emaj-79	135	57	2009	2009	NUM
emaj-79	135	58	-	-	SYM
emaj-79	135	59	2012	2012	NUM
emaj-79	135	60	)	)	PUNCT
emaj-79	135	61	roe	roe	PROPN
emaj-79	135	62	opm	opm	PROPN
emaj-79	135	63	ato	ato	PROPN
emaj-79	135	64	lr	lr	PROPN
emaj-79	135	65	ib	ib	PROPN
emaj-79	135	66	tax	tax	PROPN
emaj-79	135	67	effi	effi	PROPN
emaj-79	135	68	roe	roe	PROPN
emaj-79	135	69	1	1	NUM
emaj-79	135	70	opm	opm	PROPN
emaj-79	135	71	0.469	0.469	NUM
emaj-79	135	72	*	*	PUNCT
emaj-79	135	73	*	*	PUNCT
emaj-79	135	74	*	*	PUNCT
emaj-79	135	75	1	1	NUM
emaj-79	135	76	ato	ato	NOUN
emaj-79	135	77	0.258	0.258	NUM
emaj-79	135	78	8	8	NUM
emaj-79	135	79	*	*	SYM
emaj-79	135	80	*	*	PUNCT
emaj-79	135	81	0.0681	0.0681	NUM
emaj-79	135	82	1	1	NUM
emaj-79	135	83	lr	lr	PROPN
emaj-79	135	84	0.222	0.222	NUM
emaj-79	135	85	2	2	NUM
emaj-79	135	86	*	*	PUNCT
emaj-79	135	87	*	*	PUNCT
emaj-79	135	88	0.2425	0.2425	NUM
emaj-79	135	89	*	*	PUNCT
emaj-79	135	90	*	*	PUNCT
emaj-79	136	1	0.6694	0.6694	NUM
emaj-79	136	2	*	*	PUNCT
emaj-79	136	3	*	*	PUNCT
emaj-79	136	4	1	1	NUM
emaj-79	136	5	ib	ib	NOUN
emaj-79	136	6	0.038	0.038	NUM
emaj-79	136	7	3	3	NUM
emaj-79	136	8	0.1123	0.1123	NUM
emaj-79	136	9	0.0842	0.0842	NUM
emaj-79	136	10	0.05	0.05	NUM
emaj-79	136	11	2	2	NUM
emaj-79	136	12	1	1	NUM
emaj-79	136	13	taxef	taxef	NOUN
emaj-79	136	14	fi	fi	NOUN
emaj-79	136	15	0.115	0.115	NUM
emaj-79	136	16	4	4	NUM
emaj-79	136	17	0.1362	0.1362	NUM
emaj-79	136	18	0.0234	0.0234	NUM
emaj-79	136	19	0.18	0.18	NUM
emaj-79	136	20	1	1	NUM
emaj-79	136	21	*	*	NUM
emaj-79	136	22	0.12	0.12	NUM
emaj-79	136	23	91	91	NUM
emaj-79	136	24	1	1	NUM
emaj-79	136	25	significant	significant	ADJ
emaj-79	136	26	level	level	NOUN
emaj-79	136	27	:	:	PUNCT
emaj-79	136	28	10	10	NUM
emaj-79	136	29	%	%	NOUN
emaj-79	136	30	(	(	PUNCT
emaj-79	136	31	*	*	NOUN
emaj-79	136	32	)	)	PUNCT
emaj-79	136	33	,	,	PUNCT
emaj-79	136	34	5	5	NUM
emaj-79	136	35	%	%	NOUN
emaj-79	136	36	(	(	PUNCT
emaj-79	136	37	*	*	NOUN
emaj-79	136	38	*	*	PUNCT
emaj-79	136	39	)	)	PUNCT
emaj-79	136	40	and	and	CCONJ
emaj-79	136	41	1	1	NUM
emaj-79	136	42	%	%	NOUN
emaj-79	136	43	(	(	PUNCT
emaj-79	136	44	*	*	PUNCT
emaj-79	136	45	*	*	PUNCT
emaj-79	136	46	*	*	PUNCT
emaj-79	136	47	)	)	PUNCT
emaj-79	136	48	roe=	roe=	PRON
emaj-79	136	49	return	return	VERB
emaj-79	136	50	on	on	ADP
emaj-79	136	51	equity	equity	NOUN
emaj-79	136	52	,	,	PUNCT
emaj-79	136	53	opm=	opm=	VERB
emaj-79	136	54	operating	operate	VERB
emaj-79	136	55	profit	profit	NOUN
emaj-79	136	56	margin	margin	NOUN
emaj-79	136	57	,	,	PUNCT
emaj-79	136	58	ato=	ato=	ADJ
emaj-79	136	59	asset	asset	NOUN
emaj-79	136	60	turnover	turnover	NOUN
emaj-79	136	61	,	,	PUNCT
emaj-79	136	62	lr=	lr=	NOUN
emaj-79	136	63	leverage	leverage	NOUN
emaj-79	136	64	,	,	PUNCT
emaj-79	136	65	ib=	ib=	NOUN
emaj-79	136	66	interest	interest	NOUN
emaj-79	136	67	burden	burden	NOUN
emaj-79	136	68	,	,	PUNCT
emaj-79	136	69	taxeffi=	taxeffi=	NUM
emaj-79	136	70	tax	tax	NOUN
emaj-79	136	71	effect	effect	NOUN
emaj-79	136	72	from	from	ADP
emaj-79	136	73	tables	table	NOUN
emaj-79	136	74	2	2	NUM
emaj-79	136	75	and	and	CCONJ
emaj-79	136	76	3	3	NUM
emaj-79	136	77	,	,	PUNCT
emaj-79	136	78	we	we	PRON
emaj-79	136	79	identify	identify	VERB
emaj-79	136	80	that	that	SCONJ
emaj-79	136	81	bank	bank	NOUN
emaj-79	136	82	profitability	profitability	NOUN
emaj-79	136	83	(	(	PUNCT
emaj-79	136	84	roe	roe	NOUN
emaj-79	136	85	)	)	PUNCT
emaj-79	136	86	is	be	AUX
emaj-79	136	87	likely	likely	ADJ
emaj-79	136	88	to	to	PART
emaj-79	136	89	be	be	AUX
emaj-79	136	90	influenced	influence	VERB
emaj-79	136	91	by	by	ADP
emaj-79	136	92	operating	operate	VERB
emaj-79	136	93	profit	profit	NOUN
emaj-79	136	94	margin	margin	NOUN
emaj-79	136	95	(	(	PUNCT
emaj-79	136	96	operating	operating	NOUN
emaj-79	136	97	activities	activity	NOUN
emaj-79	136	98	)	)	PUNCT
emaj-79	136	99	,	,	PUNCT
emaj-79	136	100	asset	asset	NOUN
emaj-79	136	101	turnover	turnover	NOUN
emaj-79	136	102	(	(	PUNCT
emaj-79	136	103	asset	asset	NOUN
emaj-79	136	104	utilization	utilization	NOUN
emaj-79	136	105	efficiency	efficiency	NOUN
emaj-79	136	106	)	)	PUNCT
emaj-79	136	107	and	and	CCONJ
emaj-79	136	108	leverage	leverage	NOUN
emaj-79	136	109	(	(	PUNCT
emaj-79	136	110	usage	usage	NOUN
emaj-79	136	111	of	of	ADP
emaj-79	136	112	debts	debt	NOUN
emaj-79	136	113	)	)	PUNCT
emaj-79	136	114	for	for	ADP
emaj-79	136	115	both	both	DET
emaj-79	136	116	periods	period	NOUN
emaj-79	136	117	(	(	PUNCT
emaj-79	136	118	that	that	PRON
emaj-79	136	119	is	be	AUX
emaj-79	136	120	periods	period	NOUN
emaj-79	136	121	during	during	ADP
emaj-79	136	122	and	and	CCONJ
emaj-79	136	123	after	after	ADP
emaj-79	136	124	roe	roe	NOUN
emaj-79	136	125	decline	decline	PROPN
emaj-79	136	126	)	)	PUNCT
emaj-79	136	127	.	.	PUNCT
emaj-79	137	1	however	however	ADV
emaj-79	137	2	,	,	PUNCT
emaj-79	137	3	the	the	DET
emaj-79	137	4	level	level	NOUN
emaj-79	137	5	of	of	ADP
emaj-79	137	6	significance	significance	NOUN
emaj-79	137	7	differed	differ	VERB
emaj-79	137	8	across	across	ADP
emaj-79	137	9	the	the	DET
emaj-79	137	10	two	two	NUM
emaj-79	137	11	time	time	NOUN
emaj-79	137	12	periods	period	NOUN
emaj-79	137	13	.	.	PUNCT
emaj-79	138	1	operating	operate	VERB
emaj-79	138	2	profit	profit	NOUN
emaj-79	138	3	margin	margin	NOUN
emaj-79	138	4	(	(	PUNCT
emaj-79	138	5	opm	opm	NOUN
emaj-79	138	6	)	)	PUNCT
emaj-79	138	7	was	be	AUX
emaj-79	138	8	significant	significant	ADJ
emaj-79	138	9	in	in	ADP
emaj-79	138	10	both	both	DET
emaj-79	138	11	time	time	NOUN
emaj-79	138	12	periods	period	NOUN
emaj-79	138	13	under	under	ADP
emaj-79	138	14	1	1	NUM
emaj-79	138	15	%	%	NOUN
emaj-79	138	16	,	,	PUNCT
emaj-79	138	17	signifying	signify	VERB
emaj-79	138	18	that	that	SCONJ
emaj-79	138	19	the	the	DET
emaj-79	138	20	core	core	ADJ
emaj-79	138	21	activities	activity	NOUN
emaj-79	138	22	of	of	ADP
emaj-79	138	23	banks	bank	NOUN
emaj-79	138	24	have	have	VERB
emaj-79	138	25	superior	superior	ADJ
emaj-79	138	26	influence	influence	NOUN
emaj-79	138	27	on	on	ADP
emaj-79	138	28	their	their	PRON
emaj-79	138	29	return	return	NOUN
emaj-79	138	30	to	to	ADP
emaj-79	138	31	shareholders	shareholder	NOUN
emaj-79	138	32	.	.	PUNCT
emaj-79	139	1	however	however	ADV
emaj-79	139	2	,	,	PUNCT
emaj-79	139	3	we	we	PRON
emaj-79	139	4	find	find	VERB
emaj-79	139	5	asset	asset	NOUN
emaj-79	139	6	turnover	turnover	NOUN
emaj-79	139	7	(	(	PUNCT
emaj-79	139	8	ato	ato	PROPN
emaj-79	139	9	)	)	PUNCT
emaj-79	139	10	and	and	CCONJ
emaj-79	139	11	leverage	leverage	NOUN
emaj-79	139	12	(	(	PUNCT
emaj-79	139	13	lr	lr	NOUN
emaj-79	139	14	)	)	PUNCT
emaj-79	139	15	to	to	PART
emaj-79	139	16	be	be	AUX
emaj-79	139	17	significant	significant	ADJ
emaj-79	139	18	under	under	ADP
emaj-79	139	19	1	1	NUM
emaj-79	139	20	%	%	NOUN
emaj-79	139	21	during	during	ADP
emaj-79	139	22	periods	period	NOUN
emaj-79	139	23	of	of	ADP
emaj-79	139	24	return	return	NOUN
emaj-79	139	25	on	on	ADP
emaj-79	139	26	equity	equity	NOUN
emaj-79	139	27	decline	decline	NOUN
emaj-79	139	28	and	and	CCONJ
emaj-79	139	29	under	under	ADP
emaj-79	139	30	5	5	NUM
emaj-79	139	31	%	%	NOUN
emaj-79	139	32	post	post	NOUN
emaj-79	139	33	profit	profit	NOUN
emaj-79	139	34	decline	decline	NOUN
emaj-79	139	35	.	.	PUNCT
emaj-79	140	1	this	this	PRON
emaj-79	140	2	indicates	indicate	VERB
emaj-79	140	3	that	that	SCONJ
emaj-79	140	4	leverage	leverage	NOUN
emaj-79	140	5	and	and	CCONJ
emaj-79	140	6	asset	asset	NOUN
emaj-79	140	7	turnover	turnover	NOUN
emaj-79	140	8	were	be	AUX
emaj-79	140	9	more	more	ADV
emaj-79	140	10	persistent	persistent	ADJ
emaj-79	140	11	and	and	CCONJ
emaj-79	140	12	robust	robust	ADJ
emaj-79	140	13	during	during	ADP
emaj-79	140	14	periods	period	NOUN
emaj-79	140	15	of	of	ADP
emaj-79	140	16	profit	profit	NOUN
emaj-79	140	17	decline	decline	NOUN
emaj-79	140	18	than	than	ADP
emaj-79	140	19	in	in	ADP
emaj-79	140	20	post	post	NOUN
emaj-79	140	21	profit	profit	NOUN
emaj-79	140	22	decline	decline	NOUN
emaj-79	140	23	.	.	PUNCT
emaj-79	141	1	these	these	DET
emaj-79	141	2	finding	finding	NOUN
emaj-79	141	3	are	be	AUX
emaj-79	141	4	consistent	consistent	ADJ
emaj-79	141	5	with	with	ADP
emaj-79	141	6	herciu	herciu	NOUN
emaj-79	141	7	et	et	PROPN
emaj-79	141	8	al	al	PROPN
emaj-79	141	9	.	.	PUNCT
emaj-79	142	1	(	(	PUNCT
emaj-79	142	2	2011	2011	NUM
emaj-79	142	3	)	)	PUNCT
emaj-79	142	4	as	as	SCONJ
emaj-79	142	5	they	they	PRON
emaj-79	142	6	also	also	ADV
emaj-79	142	7	identify	identify	VERB
emaj-79	142	8	that	that	SCONJ
emaj-79	142	9	operating	operate	VERB
emaj-79	142	10	profit	profit	NOUN
emaj-79	142	11	margin	margin	NOUN
emaj-79	142	12	,	,	PUNCT
emaj-79	142	13	asset	asset	NOUN
emaj-79	142	14	turnover	turnover	NOUN
emaj-79	142	15	and	and	CCONJ
emaj-79	142	16	leverage	leverage	NOUN
emaj-79	142	17	can	can	AUX
emaj-79	142	18	significantly	significantly	ADV
emaj-79	142	19	influence	influence	VERB
emaj-79	142	20	profitability	profitability	NOUN
emaj-79	142	21	using	use	VERB
emaj-79	142	22	the	the	DET
emaj-79	142	23	top	top	ADJ
emaj-79	142	24	twenty	twenty	NUM
emaj-79	142	25	(	(	PUNCT
emaj-79	142	26	20	20	NUM
emaj-79	142	27	)	)	PUNCT
emaj-79	142	28	most	most	ADV
emaj-79	142	29	profitable	profitable	ADJ
emaj-79	142	30	companies	company	NOUN
emaj-79	142	31	in	in	ADP
emaj-79	142	32	the	the	DET
emaj-79	142	33	world	world	NOUN
emaj-79	142	34	for	for	ADP
emaj-79	142	35	2009	2009	NUM
emaj-79	142	36	.	.	PUNCT
emaj-79	143	1	concerning	concern	VERB
emaj-79	143	2	our	our	PRON
emaj-79	143	3	regression	regression	NOUN
emaj-79	143	4	estimates	estimate	NOUN
emaj-79	143	5	below	below	ADV
emaj-79	143	6	,	,	PUNCT
emaj-79	143	7	operating	operate	VERB
emaj-79	143	8	profit	profit	NOUN
emaj-79	143	9	margin	margin	NOUN
emaj-79	143	10	(	(	PUNCT
emaj-79	143	11	opm	opm	NOUN
emaj-79	143	12	)	)	PUNCT
emaj-79	143	13	is	be	AUX
emaj-79	143	14	reported	report	VERB
emaj-79	143	15	to	to	PART
emaj-79	143	16	be	be	AUX
emaj-79	143	17	positively	positively	ADV
emaj-79	143	18	related	relate	VERB
emaj-79	143	19	to	to	ADP
emaj-79	143	20	bank	bank	NOUN
emaj-79	143	21	return	return	NOUN
emaj-79	143	22	on	on	ADP
emaj-79	143	23	equity	equity	NOUN
emaj-79	143	24	in	in	ADP
emaj-79	143	25	both	both	DET
emaj-79	143	26	time	time	NOUN
emaj-79	143	27	periods	period	NOUN
emaj-79	143	28	at	at	ADP
emaj-79	143	29	1	1	NUM
emaj-79	143	30	%	%	NOUN
emaj-79	143	31	significance	significance	NOUN
emaj-79	143	32	level	level	NOUN
emaj-79	143	33	.	.	PUNCT
emaj-79	144	1	however	however	ADV
emaj-79	144	2	,	,	PUNCT
emaj-79	144	3	the	the	DET
emaj-79	144	4	impact	impact	NOUN
emaj-79	144	5	during	during	ADP
emaj-79	144	6	post	post	NOUN
emaj-79	144	7	profit	profit	NOUN
emaj-79	144	8	decline	decline	NOUN
emaj-79	144	9	is	be	AUX
emaj-79	144	10	higher	high	ADJ
emaj-79	144	11	than	than	ADP
emaj-79	144	12	during	during	ADP
emaj-79	144	13	profit	profit	NOUN
emaj-79	144	14	decline	decline	NOUN
emaj-79	144	15	.	.	PUNCT
emaj-79	145	1	that	that	PRON
emaj-79	145	2	is	is	ADV
emaj-79	145	3	,	,	PUNCT
emaj-79	145	4	a	a	DET
emaj-79	145	5	unit	unit	NOUN
emaj-79	145	6	increase	increase	NOUN
emaj-79	145	7	in	in	ADP
emaj-79	145	8	operating	operate	VERB
emaj-79	145	9	profit	profit	NOUN
emaj-79	145	10	margin	margin	NOUN
emaj-79	145	11	will	will	AUX
emaj-79	145	12	lead	lead	VERB
emaj-79	145	13	to	to	ADP
emaj-79	145	14	a	a	DET
emaj-79	145	15	0.186	0.186	NUM
emaj-79	145	16	and	and	CCONJ
emaj-79	145	17	0.372	0.372	NUM
emaj-79	145	18	unit	unit	NOUN
emaj-79	145	19	increase	increase	NOUN
emaj-79	145	20	in	in	ADP
emaj-79	145	21	bank	bank	NOUN
emaj-79	145	22	return	return	NOUN
emaj-79	145	23	on	on	ADP
emaj-79	145	24	equity	equity	NOUN
emaj-79	145	25	during	during	ADP
emaj-79	145	26	profit	profit	NOUN
emaj-79	145	27	decline	decline	NOUN
emaj-79	145	28	and	and	CCONJ
emaj-79	145	29	post	post	VERB
emaj-79	145	30	profit	profit	NOUN
emaj-79	145	31	decline	decline	NOUN
emaj-79	145	32	periods	period	NOUN
emaj-79	145	33	respectively	respectively	ADV
emaj-79	145	34	.	.	PUNCT
emaj-79	146	1	our	our	PRON
emaj-79	146	2	finding	finding	NOUN
emaj-79	146	3	is	be	AUX
emaj-79	146	4	consistent	consistent	ADJ
emaj-79	146	5	with	with	ADP
emaj-79	146	6	that	that	PRON
emaj-79	146	7	of	of	ADP
emaj-79	146	8	fairfield	fairfield	PROPN
emaj-79	146	9	and	and	CCONJ
emaj-79	146	10	yohn	yohn	PROPN
emaj-79	146	11	(	(	PUNCT
emaj-79	146	12	2001	2001	NUM
emaj-79	146	13	)	)	PUNCT
emaj-79	146	14	,	,	PUNCT
emaj-79	146	15	nissim	nissim	NOUN
emaj-79	146	16	and	and	CCONJ
emaj-79	146	17	penman	penman	PROPN
emaj-79	146	18	(	(	PUNCT
emaj-79	146	19	2001	2001	NUM
emaj-79	146	20	)	)	PUNCT
emaj-79	146	21	and	and	CCONJ
emaj-79	146	22	penman	penman	PROPN
emaj-79	146	23	and	and	CCONJ
emaj-79	146	24	zhang	zhang	PROPN
emaj-79	146	25	(	(	PUNCT
emaj-79	146	26	2003	2003	NUM
emaj-79	146	27	)	)	PUNCT
emaj-79	146	28	.	.	PUNCT
emaj-79	147	1	however	however	ADV
emaj-79	147	2	,	,	PUNCT
emaj-79	147	3	they	they	PRON
emaj-79	147	4	argue	argue	VERB
emaj-79	147	5	that	that	SCONJ
emaj-79	147	6	operating	operate	VERB
emaj-79	147	7	profit	profit	NOUN
emaj-79	147	8	margin	margin	NOUN
emaj-79	147	9	is	be	AUX
emaj-79	147	10	not	not	PART
emaj-79	147	11	persistent	persistent	ADJ
emaj-79	147	12	as	as	SCONJ
emaj-79	147	13	higher	high	ADJ
emaj-79	147	14	operating	operating	NOUN
emaj-79	147	15	profit	profit	NOUN
emaj-79	147	16	margins	margin	NOUN
emaj-79	147	17	will	will	AUX
emaj-79	147	18	attract	attract	VERB
emaj-79	147	19	new	new	ADJ
emaj-79	147	20	entrants	entrant	NOUN
emaj-79	147	21	while	while	SCONJ
emaj-79	147	22	competitors	competitor	NOUN
emaj-79	147	23	can	can	AUX
emaj-79	147	24	easily	easily	ADV
emaj-79	147	25	emulate	emulate	VERB
emaj-79	147	26	to	to	PART
emaj-79	147	27	normalize	normalize	VERB
emaj-79	147	28	operating	operating	NOUN
emaj-79	147	29	profit	profit	NOUN
emaj-79	147	30	margin	margin	NOUN
emaj-79	147	31	in	in	ADP
emaj-79	147	32	the	the	DET
emaj-79	147	33	industry	industry	NOUN
emaj-79	147	34	.	.	PUNCT
emaj-79	148	1	this	this	PRON
emaj-79	148	2	is	be	AUX
emaj-79	148	3	so	so	ADV
emaj-79	148	4	because	because	SCONJ
emaj-79	148	5	,	,	PUNCT
emaj-79	148	6	operating	operate	VERB
emaj-79	148	7	profit	profit	NOUN
emaj-79	148	8	margin	margin	NOUN
emaj-79	148	9	is	be	AUX
emaj-79	148	10	derived	derive	VERB
emaj-79	148	11	from	from	ADP
emaj-79	148	12	pricing	pricing	NOUN
emaj-79	148	13	power	power	NOUN
emaj-79	148	14	such	such	ADJ
emaj-79	148	15	as	as	ADP
emaj-79	148	16	product	product	NOUN
emaj-79	148	17	innovation	innovation	NOUN
emaj-79	148	18	,	,	PUNCT
emaj-79	148	19	product	product	NOUN
emaj-79	148	20	positioning	positioning	NOUN
emaj-79	148	21	,	,	PUNCT
emaj-79	148	22	first	first	ADJ
emaj-79	148	23	mover	mover	NOUN
emaj-79	148	24	advantage	advantage	NOUN
emaj-79	148	25	and	and	CCONJ
emaj-79	148	26	brand	brand	NOUN
emaj-79	148	27	name	name	NOUN
emaj-79	148	28	recognition	recognition	NOUN
emaj-79	148	29	which	which	PRON
emaj-79	148	30	can	can	AUX
emaj-79	148	31	be	be	AUX
emaj-79	148	32	easily	easily	ADV
emaj-79	148	33	imitated	imitate	VERB
emaj-79	148	34	by	by	ADP
emaj-79	148	35	competitors	competitor	NOUN
emaj-79	148	36	and	and	CCONJ
emaj-79	148	37	new	new	ADJ
emaj-79	148	38	entrants	entrant	NOUN
emaj-79	148	39	.	.	PUNCT
emaj-79	149	1	as	as	SCONJ
emaj-79	149	2	operating	operate	VERB
emaj-79	149	3	profit	profit	NOUN
emaj-79	149	4	margin	margin	NOUN
emaj-79	149	5	appears	appear	VERB
emaj-79	149	6	to	to	PART
emaj-79	149	7	have	have	VERB
emaj-79	149	8	the	the	DET
emaj-79	149	9	greatest	great	ADJ
emaj-79	149	10	impact	impact	NOUN
emaj-79	149	11	in	in	ADP
emaj-79	149	12	both	both	DET
emaj-79	149	13	time	time	NOUN
emaj-79	149	14	periods	period	NOUN
emaj-79	149	15	,	,	PUNCT
emaj-79	149	16	it	it	PRON
emaj-79	149	17	implies	imply	VERB
emaj-79	149	18	that	that	SCONJ
emaj-79	149	19	bank	bank	NOUN
emaj-79	149	20	return	return	NOUN
emaj-79	149	21	on	on	ADP
emaj-79	149	22	equity	equity	NOUN
emaj-79	149	23	in	in	ADP
emaj-79	149	24	ghana	ghana	PROPN
emaj-79	149	25	can	can	AUX
emaj-79	149	26	not	not	PART
emaj-79	149	27	be	be	AUX
emaj-79	149	28	persistent	persistent	ADJ
emaj-79	149	29	as	as	SCONJ
emaj-79	149	30	roe	roe	PROPN
emaj-79	149	31	’s	’s	PART
emaj-79	149	32	highest	high	ADJ
emaj-79	149	33	contributor	contributor	NOUN
emaj-79	149	34	is	be	AUX
emaj-79	149	35	not	not	PART
emaj-79	149	36	persistent	persistent	ADJ
emaj-79	149	37	.	.	PUNCT
emaj-79	150	1	we	we	PRON
emaj-79	150	2	suggest	suggest	VERB
emaj-79	150	3	that	that	SCONJ
emaj-79	150	4	opm	opm	PROPN
emaj-79	150	5	being	be	AUX
emaj-79	150	6	significant	significant	ADJ
emaj-79	150	7	can	can	AUX
emaj-79	150	8	be	be	AUX
emaj-79	150	9	attributed	attribute	VERB
emaj-79	150	10	to	to	ADP
emaj-79	150	11	the	the	DET
emaj-79	150	12	integration	integration	NOUN
emaj-79	150	13	of	of	ADP
emaj-79	150	14	information	information	NOUN
emaj-79	150	15	technology	technology	NOUN
emaj-79	150	16	as	as	SCONJ
emaj-79	150	17	shown	show	VERB
emaj-79	150	18	by	by	ADP
emaj-79	150	19	darmika	darmika	X
emaj-79	150	20	(	(	PUNCT
emaj-79	150	21	2008	2008	NUM
emaj-79	150	22	)	)	PUNCT
emaj-79	150	23	.	.	PUNCT
emaj-79	151	1	however	however	ADV
emaj-79	151	2	,	,	PUNCT
emaj-79	151	3	asset	asset	NOUN
emaj-79	151	4	turnover	turnover	NOUN
emaj-79	151	5	which	which	PRON
emaj-79	151	6	is	be	AUX
emaj-79	151	7	more	more	ADV
emaj-79	151	8	persistent	persistent	ADJ
emaj-79	151	9	and	and	CCONJ
emaj-79	151	10	accrues	accrue	VERB
emaj-79	151	11	from	from	ADP
emaj-79	151	12	efficient	efficient	ADJ
emaj-79	151	13	use	use	NOUN
emaj-79	151	14	of	of	ADP
emaj-79	151	15	resources	resource	NOUN
emaj-79	151	16	was	be	AUX
emaj-79	151	17	not	not	PART
emaj-79	151	18	significant	significant	ADJ
emaj-79	151	19	and	and	CCONJ
emaj-79	151	20	negatively	negatively	ADV
emaj-79	151	21	related	relate	VERB
emaj-79	151	22	to	to	ADP
emaj-79	151	23	roe	roe	NOUN
emaj-79	151	24	in	in	ADP
emaj-79	151	25	both	both	DET
emaj-79	151	26	time	time	NOUN
emaj-79	151	27	periods	period	NOUN
emaj-79	151	28	.	.	PUNCT
emaj-79	152	1	from	from	ADP
emaj-79	152	2	the	the	DET
emaj-79	152	3	regression	regression	NOUN
emaj-79	152	4	results	result	NOUN
emaj-79	152	5	,	,	PUNCT
emaj-79	152	6	we	we	PRON
emaj-79	152	7	further	far	ADV
emaj-79	152	8	report	report	VERB
emaj-79	152	9	that	that	SCONJ
emaj-79	152	10	leverage	leverage	NOUN
emaj-79	152	11	(	(	PUNCT
emaj-79	152	12	equity	equity	NOUN
emaj-79	152	13	multiplier	multiplier	NOUN
emaj-79	152	14	)	)	PUNCT
emaj-79	152	15	is	be	AUX
emaj-79	152	16	also	also	ADV
emaj-79	152	17	positively	positively	ADV
emaj-79	152	18	related	relate	VERB
emaj-79	152	19	to	to	ADP
emaj-79	152	20	roe	roe	NOUN
emaj-79	152	21	in	in	ADP
emaj-79	152	22	both	both	DET
emaj-79	152	23	time	time	NOUN
emaj-79	152	24	periods	period	NOUN
emaj-79	152	25	,	,	PUNCT
emaj-79	152	26	but	but	CCONJ
emaj-79	152	27	significant	significant	ADJ
emaj-79	152	28	at	at	ADP
emaj-79	152	29	1	1	NUM
emaj-79	152	30	%	%	NOUN
emaj-79	152	31	during	during	ADP
emaj-79	152	32	profit	profit	NOUN
emaj-79	152	33	declining	decline	VERB
emaj-79	152	34	periods	period	NOUN
emaj-79	152	35	and	and	CCONJ
emaj-79	152	36	5	5	NUM
emaj-79	152	37	%	%	NOUN
emaj-79	152	38	in	in	ADP
emaj-79	152	39	post	post	NOUN
emaj-79	152	40	profit	profit	NOUN
emaj-79	152	41	decline	decline	NOUN
emaj-79	152	42	periods	period	NOUN
emaj-79	152	43	.	.	PUNCT
emaj-79	153	1	this	this	PRON
emaj-79	153	2	indicates	indicate	VERB
emaj-79	153	3	that	that	SCONJ
emaj-79	153	4	a	a	DET
emaj-79	153	5	unit	unit	NOUN
emaj-79	153	6	increase	increase	NOUN
emaj-79	153	7	in	in	ADP
emaj-79	153	8	equity	equity	NOUN
emaj-79	153	9	multiplier	multipli	ADJ
emaj-79	153	10	leads	lead	VERB
emaj-79	153	11	to	to	ADP
emaj-79	153	12	nearly	nearly	ADV
emaj-79	153	13	0.01	0.01	NUM
emaj-79	153	14	unit	unit	NOUN
emaj-79	153	15	increase	increase	NOUN
emaj-79	153	16	in	in	ADP
emaj-79	153	17	roe	roe	NOUN
emaj-79	153	18	in	in	ADP
emaj-79	153	19	time	time	NOUN
emaj-79	153	20	periods	period	NOUN
emaj-79	153	21	.	.	PUNCT
emaj-79	154	1	our	our	PRON
emaj-79	154	2	finding	find	VERB
emaj-79	154	3	support	support	NOUN
emaj-79	154	4	that	that	PRON
emaj-79	154	5	of	of	ADP
emaj-79	154	6	penman	penman	PROPN
emaj-79	154	7	(	(	PUNCT
emaj-79	154	8	2001	2001	NUM
emaj-79	154	9	)	)	PUNCT
emaj-79	154	10	and	and	CCONJ
emaj-79	154	11	modigliani	modigliani	PROPN
emaj-79	154	12	and	and	CCONJ
emaj-79	154	13	miller	miller	PROPN
emaj-79	154	14	(	(	PUNCT
emaj-79	154	15	1958	1958	NUM
emaj-79	154	16	)	)	PUNCT
emaj-79	154	17	who	who	PRON
emaj-79	154	18	argue	argue	VERB
emaj-79	154	19	a	a	DET
emaj-79	154	20	positive	positive	ADJ
emaj-79	154	21	relationship	relationship	NOUN
emaj-79	154	22	between	between	ADP
emaj-79	154	23	roe	roe	NOUN
emaj-79	154	24	and	and	CCONJ
emaj-79	154	25	leverage	leverage	NOUN
emaj-79	154	26	.	.	PUNCT
emaj-79	155	1	volume	volume	NOUN
emaj-79	155	2	5	5	NUM
emaj-79	155	3	no	no	DET
emaj-79	155	4	2	2	NUM
emaj-79	155	5	(	(	PUNCT
emaj-79	155	6	2015	2015	NUM
emaj-79	155	7	)	)	PUNCT
emaj-79	155	8	|	|	ADV
emaj-79	155	9	issn	issn	VERB
emaj-79	155	10	2158	2158	NUM
emaj-79	155	11	-	-	SYM
emaj-79	155	12	8708	8708	NUM
emaj-79	155	13	(	(	PUNCT
emaj-79	155	14	online	online	NOUN
emaj-79	155	15	)	)	PUNCT
emaj-79	155	16	|	|	ADV
emaj-79	155	17	doi	doi	X
emaj-79	155	18	10.5195	10.5195	NUM
emaj-79	155	19	/	/	SYM
emaj-79	155	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	155	21	|	|	ADV
emaj-79	155	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	155	23	baah	baah	PROPN
emaj-79	155	24	aye	aye	PROPN
emaj-79	155	25	kusi	kusi	PROPN
emaj-79	155	26	,	,	PUNCT
emaj-79	155	27	kwadjo	kwadjo	PROPN
emaj-79	155	28	ansah	ansah	PROPN
emaj-79	155	29	-	-	PUNCT
emaj-79	155	30	adu	adu	PROPN
emaj-79	155	31	,	,	PUNCT
emaj-79	155	32	albert	albert	PROPN
emaj-79	155	33	agyei	agyei	PROPN
emaj-79	155	34	emerging	emerge	VERB
emaj-79	155	35	markets	market	NOUN
emaj-79	155	36	journal	journal	NOUN
emaj-79	156	1	|	|	ADV
emaj-79	156	2	p	p	NOUN
emaj-79	156	3	a	a	DET
emaj-79	156	4	g	g	NOUN
emaj-79	156	5	e	e	NOUN
emaj-79	156	6	|35	|35	X
emaj-79	156	7	6	6	NUM
emaj-79	156	8	.	.	PUNCT
emaj-79	156	9	conclusion	conclusion	NOUN
emaj-79	156	10	in	in	ADP
emaj-79	156	11	this	this	DET
emaj-79	156	12	study	study	NOUN
emaj-79	156	13	,	,	PUNCT
emaj-79	156	14	we	we	PRON
emaj-79	156	15	employed	employ	VERB
emaj-79	156	16	the	the	DET
emaj-79	156	17	five	five	NUM
emaj-79	156	18	step	step	NOUN
emaj-79	156	19	du	du	ADJ
emaj-79	156	20	-	-	ADJ
emaj-79	156	21	pont	pont	ADJ
emaj-79	156	22	model	model	NOUN
emaj-79	156	23	to	to	PART
emaj-79	156	24	capture	capture	VERB
emaj-79	156	25	the	the	DET
emaj-79	156	26	drivers	driver	NOUN
emaj-79	156	27	of	of	ADP
emaj-79	156	28	bank	bank	NOUN
emaj-79	156	29	return	return	NOUN
emaj-79	156	30	to	to	ADP
emaj-79	156	31	equity	equity	NOUN
emaj-79	156	32	holders	holder	NOUN
emaj-79	156	33	during	during	ADP
emaj-79	156	34	periods	period	NOUN
emaj-79	156	35	of	of	ADP
emaj-79	156	36	declining	decline	VERB
emaj-79	156	37	profits	profit	NOUN
emaj-79	156	38	and	and	CCONJ
emaj-79	156	39	post	post	VERB
emaj-79	156	40	profit	profit	NOUN
emaj-79	156	41	declining	decline	VERB
emaj-79	156	42	periods	period	NOUN
emaj-79	156	43	.	.	PUNCT
emaj-79	157	1	we	we	PRON
emaj-79	157	2	take	take	VERB
emaj-79	157	3	advantage	advantage	NOUN
emaj-79	157	4	of	of	ADP
emaj-79	157	5	the	the	DET
emaj-79	157	6	less	less	ADV
emaj-79	157	7	used	used	ADJ
emaj-79	157	8	five	five	NUM
emaj-79	157	9	step	step	NOUN
emaj-79	157	10	dupont	dupont	NOUN
emaj-79	157	11	model	model	NOUN
emaj-79	157	12	which	which	PRON
emaj-79	157	13	overcomes	overcome	VERB
emaj-79	157	14	the	the	DET
emaj-79	157	15	one	one	NUM
emaj-79	157	16	dimensional	dimensional	ADJ
emaj-79	157	17	problem	problem	NOUN
emaj-79	157	18	of	of	ADP
emaj-79	157	19	other	other	ADJ
emaj-79	157	20	ratios	ratio	NOUN
emaj-79	157	21	and	and	CCONJ
emaj-79	157	22	is	be	AUX
emaj-79	157	23	able	able	ADJ
emaj-79	157	24	to	to	PART
emaj-79	157	25	capture	capture	VERB
emaj-79	157	26	bank	bank	PROPN
emaj-79	157	27	specific	specific	ADJ
emaj-79	157	28	,	,	PUNCT
emaj-79	157	29	industry	industry	NOUN
emaj-79	157	30	level	level	NOUN
emaj-79	157	31	and	and	CCONJ
emaj-79	157	32	macroeconomic	macroeconomic	ADJ
emaj-79	157	33	variables	variable	NOUN
emaj-79	157	34	.	.	PUNCT
emaj-79	158	1	our	our	PRON
emaj-79	158	2	du	du	ADJ
emaj-79	158	3	-	-	NOUN
emaj-79	158	4	pont	pont	NOUN
emaj-79	158	5	set	set	VERB
emaj-79	158	6	up	up	ADP
emaj-79	158	7	was	be	AUX
emaj-79	158	8	able	able	ADJ
emaj-79	158	9	to	to	PART
emaj-79	158	10	capture	capture	VERB
emaj-79	158	11	45	45	NUM
emaj-79	158	12	%	%	NOUN
emaj-79	158	13	and	and	CCONJ
emaj-79	158	14	42	42	NUM
emaj-79	158	15	%	%	NOUN
emaj-79	158	16	of	of	ADP
emaj-79	158	17	the	the	DET
emaj-79	158	18	total	total	ADJ
emaj-79	158	19	variation	variation	NOUN
emaj-79	158	20	in	in	ADP
emaj-79	158	21	roe	roe	NOUN
emaj-79	158	22	during	during	ADP
emaj-79	158	23	profit	profit	NOUN
emaj-79	158	24	declining	decline	VERB
emaj-79	158	25	periods	period	NOUN
emaj-79	158	26	and	and	CCONJ
emaj-79	158	27	post	post	VERB
emaj-79	158	28	profit	profit	NOUN
emaj-79	158	29	decline	decline	NOUN
emaj-79	158	30	respectively	respectively	ADV
emaj-79	158	31	.	.	PUNCT
emaj-79	159	1	in	in	ADP
emaj-79	159	2	this	this	DET
emaj-79	159	3	study	study	NOUN
emaj-79	159	4	,	,	PUNCT
emaj-79	159	5	we	we	PRON
emaj-79	159	6	find	find	VERB
emaj-79	159	7	that	that	SCONJ
emaj-79	159	8	operating	operate	VERB
emaj-79	159	9	profit	profit	NOUN
emaj-79	159	10	margin	margin	NOUN
emaj-79	159	11	,	,	PUNCT
emaj-79	159	12	asset	asset	NOUN
emaj-79	159	13	turnover	turnover	NOUN
emaj-79	159	14	and	and	CCONJ
emaj-79	159	15	leverage	leverage	NOUN
emaj-79	159	16	are	be	AUX
emaj-79	159	17	the	the	DET
emaj-79	159	18	likely	likely	ADJ
emaj-79	159	19	variables	variable	NOUN
emaj-79	159	20	in	in	ADP
emaj-79	159	21	the	the	DET
emaj-79	159	22	du	du	NOUN
emaj-79	159	23	-	-	NOUN
emaj-79	159	24	pont	pont	NOUN
emaj-79	159	25	set	set	VERB
emaj-79	159	26	up	up	ADP
emaj-79	159	27	to	to	AUX
emaj-79	159	28	influence	influence	NOUN
emaj-79	159	29	bank	bank	NOUN
emaj-79	159	30	return	return	NOUN
emaj-79	159	31	on	on	ADP
emaj-79	159	32	equity	equity	NOUN
emaj-79	159	33	during	during	ADP
emaj-79	159	34	profit	profit	NOUN
emaj-79	159	35	declining	decline	VERB
emaj-79	159	36	periods	period	NOUN
emaj-79	159	37	and	and	CCONJ
emaj-79	159	38	post	post	VERB
emaj-79	159	39	profit	profit	NOUN
emaj-79	159	40	decline	decline	NOUN
emaj-79	159	41	periods	period	NOUN
emaj-79	159	42	.	.	PUNCT
emaj-79	160	1	however	however	ADV
emaj-79	160	2	,	,	PUNCT
emaj-79	160	3	a	a	DET
emaj-79	160	4	further	further	ADJ
emaj-79	160	5	analysis	analysis	NOUN
emaj-79	160	6	through	through	ADP
emaj-79	160	7	ols	ol	NOUN
emaj-79	160	8	regression	regression	NOUN
emaj-79	160	9	revealed	reveal	VERB
emaj-79	160	10	that	that	SCONJ
emaj-79	160	11	operating	operate	VERB
emaj-79	160	12	profit	profit	NOUN
emaj-79	160	13	margin	margin	NOUN
emaj-79	160	14	and	and	CCONJ
emaj-79	160	15	leverage	leverage	NOUN
emaj-79	160	16	were	be	AUX
emaj-79	160	17	positive	positive	ADJ
emaj-79	160	18	and	and	CCONJ
emaj-79	160	19	significantly	significantly	ADV
emaj-79	160	20	persistent	persistent	ADJ
emaj-79	160	21	during	during	ADP
emaj-79	160	22	profit	profit	NOUN
emaj-79	160	23	declining	decline	VERB
emaj-79	160	24	periods	period	NOUN
emaj-79	160	25	and	and	CCONJ
emaj-79	160	26	post	post	VERB
emaj-79	160	27	profit	profit	NOUN
emaj-79	160	28	decline	decline	NOUN
emaj-79	160	29	periods	period	NOUN
emaj-79	160	30	.	.	PUNCT
emaj-79	161	1	however	however	ADV
emaj-79	161	2	,	,	PUNCT
emaj-79	161	3	positive	positive	ADJ
emaj-79	161	4	impact	impact	NOUN
emaj-79	161	5	of	of	ADP
emaj-79	161	6	operating	operate	VERB
emaj-79	161	7	profit	profit	NOUN
emaj-79	161	8	margin	margin	NOUN
emaj-79	161	9	is	be	AUX
emaj-79	161	10	not	not	PART
emaj-79	161	11	persistent	persistent	ADJ
emaj-79	161	12	and	and	CCONJ
emaj-79	161	13	robust	robust	ADJ
emaj-79	161	14	as	as	SCONJ
emaj-79	161	15	it	it	PRON
emaj-79	161	16	can	can	AUX
emaj-79	161	17	be	be	AUX
emaj-79	161	18	easily	easily	ADV
emaj-79	161	19	learned	learn	VERB
emaj-79	161	20	by	by	ADP
emaj-79	161	21	new	new	ADJ
emaj-79	161	22	entrants	entrant	NOUN
emaj-79	161	23	and	and	CCONJ
emaj-79	161	24	copied	copy	VERB
emaj-79	161	25	by	by	ADP
emaj-79	161	26	existing	exist	VERB
emaj-79	161	27	competitors	competitor	NOUN
emaj-79	161	28	.	.	PUNCT
emaj-79	162	1	however	however	ADV
emaj-79	162	2	,	,	PUNCT
emaj-79	162	3	asset	asset	NOUN
emaj-79	162	4	turnover	turnover	NOUN
emaj-79	162	5	which	which	PRON
emaj-79	162	6	is	be	AUX
emaj-79	162	7	expected	expect	VERB
emaj-79	162	8	to	to	PART
emaj-79	162	9	be	be	AUX
emaj-79	162	10	more	more	ADV
emaj-79	162	11	persistent	persistent	ADJ
emaj-79	162	12	was	be	AUX
emaj-79	162	13	not	not	PART
emaj-79	162	14	significant	significant	ADJ
emaj-79	162	15	in	in	ADP
emaj-79	162	16	both	both	DET
emaj-79	162	17	time	time	NOUN
emaj-79	162	18	periods	period	NOUN
emaj-79	162	19	.	.	PUNCT
emaj-79	163	1	hence	hence	ADV
emaj-79	163	2	,	,	PUNCT
emaj-79	163	3	roe	roe	PROPN
emaj-79	163	4	in	in	ADP
emaj-79	163	5	the	the	DET
emaj-79	163	6	banking	banking	NOUN
emaj-79	163	7	industry	industry	NOUN
emaj-79	163	8	of	of	ADP
emaj-79	163	9	ghana	ghana	PROPN
emaj-79	163	10	can	can	AUX
emaj-79	163	11	not	not	PART
emaj-79	163	12	be	be	AUX
emaj-79	163	13	stable	stable	ADJ
emaj-79	163	14	.	.	PUNCT
emaj-79	164	1	however	however	ADV
emaj-79	164	2	,	,	PUNCT
emaj-79	164	3	we	we	PRON
emaj-79	164	4	partly	partly	ADV
emaj-79	164	5	attribute	attribute	VERB
emaj-79	164	6	the	the	DET
emaj-79	164	7	turn	turn	NOUN
emaj-79	164	8	of	of	ADP
emaj-79	164	9	events	event	NOUN
emaj-79	164	10	to	to	ADP
emaj-79	164	11	the	the	DET
emaj-79	164	12	universal	universal	ADJ
emaj-79	164	13	banking	banking	NOUN
emaj-79	164	14	systems	system	NOUN
emaj-79	164	15	which	which	PRON
emaj-79	164	16	gives	give	VERB
emaj-79	164	17	less	less	ADJ
emaj-79	164	18	room	room	NOUN
emaj-79	164	19	for	for	ADP
emaj-79	164	20	developing	develop	VERB
emaj-79	164	21	core	core	NOUN
emaj-79	164	22	competences	competence	NOUN
emaj-79	164	23	and	and	CCONJ
emaj-79	164	24	specialties	specialty	NOUN
emaj-79	164	25	which	which	PRON
emaj-79	164	26	are	be	AUX
emaj-79	164	27	unique	unique	ADJ
emaj-79	164	28	to	to	ADP
emaj-79	164	29	banks	bank	NOUN
emaj-79	164	30	and	and	CCONJ
emaj-79	164	31	are	be	AUX
emaj-79	164	32	more	more	ADV
emaj-79	164	33	persistent	persistent	ADJ
emaj-79	164	34	for	for	ADP
emaj-79	164	35	industry	industry	NOUN
emaj-79	164	36	profit	profit	NOUN
emaj-79	164	37	stability	stability	NOUN
emaj-79	164	38	.	.	PUNCT
emaj-79	165	1	for	for	ADP
emaj-79	165	2	this	this	DET
emaj-79	165	3	reason	reason	NOUN
emaj-79	165	4	,	,	PUNCT
emaj-79	165	5	we	we	PRON
emaj-79	165	6	advise	advise	VERB
emaj-79	165	7	that	that	SCONJ
emaj-79	165	8	banks	bank	NOUN
emaj-79	165	9	focus	focus	VERB
emaj-79	165	10	on	on	ADP
emaj-79	165	11	effective	effective	ADJ
emaj-79	165	12	and	and	CCONJ
emaj-79	165	13	efficient	efficient	ADJ
emaj-79	165	14	deployment	deployment	NOUN
emaj-79	165	15	of	of	ADP
emaj-79	165	16	assets	asset	NOUN
emaj-79	165	17	for	for	ADP
emaj-79	165	18	more	more	ADJ
emaj-79	165	19	persistent	persistent	ADJ
emaj-79	165	20	influences	influence	NOUN
emaj-79	165	21	and	and	CCONJ
emaj-79	165	22	stability	stability	NOUN
emaj-79	165	23	of	of	ADP
emaj-79	165	24	bank	bank	PROPN
emaj-79	165	25	roe	roe	NOUN
emaj-79	165	26	.	.	PUNCT
emaj-79	166	1	we	we	PRON
emaj-79	166	2	also	also	ADV
emaj-79	166	3	find	find	VERB
emaj-79	166	4	that	that	SCONJ
emaj-79	166	5	,	,	PUNCT
emaj-79	166	6	the	the	DET
emaj-79	166	7	tax	tax	NOUN
emaj-79	166	8	system	system	NOUN
emaj-79	166	9	helped	help	VERB
emaj-79	166	10	banks	bank	NOUN
emaj-79	166	11	to	to	PART
emaj-79	166	12	improve	improve	VERB
emaj-79	166	13	roe	roe	NOUN
emaj-79	166	14	.	.	PUNCT
emaj-79	167	1	this	this	PRON
emaj-79	167	2	means	mean	VERB
emaj-79	167	3	that	that	SCONJ
emaj-79	167	4	,	,	PUNCT
emaj-79	167	5	banks	bank	NOUN
emaj-79	167	6	are	be	AUX
emaj-79	167	7	able	able	ADJ
emaj-79	167	8	to	to	PART
emaj-79	167	9	pass	pass	VERB
emaj-79	167	10	on	on	ADP
emaj-79	167	11	the	the	DET
emaj-79	167	12	cost	cost	NOUN
emaj-79	167	13	of	of	ADP
emaj-79	167	14	corporate	corporate	ADJ
emaj-79	167	15	tax	tax	NOUN
emaj-79	167	16	charged	charge	VERB
emaj-79	167	17	by	by	ADP
emaj-79	167	18	tax	tax	NOUN
emaj-79	167	19	agencies	agency	NOUN
emaj-79	167	20	to	to	ADP
emaj-79	167	21	their	their	PRON
emaj-79	167	22	client	client	NOUN
emaj-79	167	23	in	in	ADP
emaj-79	167	24	post	post	NOUN
emaj-79	167	25	profit	profit	NOUN
emaj-79	167	26	decline	decline	NOUN
emaj-79	167	27	periods	period	NOUN
emaj-79	167	28	.	.	PUNCT
emaj-79	168	1	with	with	ADP
emaj-79	168	2	tax	tax	NOUN
emaj-79	168	3	effect	effect	NOUN
emaj-79	168	4	being	be	AUX
emaj-79	168	5	a	a	DET
emaj-79	168	6	variable	variable	NOUN
emaj-79	168	7	outside	outside	ADP
emaj-79	168	8	the	the	DET
emaj-79	168	9	control	control	NOUN
emaj-79	168	10	of	of	ADP
emaj-79	168	11	bank	bank	NOUN
emaj-79	168	12	management	management	NOUN
emaj-79	168	13	,	,	PUNCT
emaj-79	168	14	it	it	PRON
emaj-79	168	15	reechoes	reecho	VERB
emaj-79	168	16	the	the	DET
emaj-79	168	17	fact	fact	NOUN
emaj-79	168	18	that	that	SCONJ
emaj-79	168	19	the	the	DET
emaj-79	168	20	five	five	NUM
emaj-79	168	21	step	step	NOUN
emaj-79	168	22	du	du	ADJ
emaj-79	168	23	-	-	ADJ
emaj-79	168	24	pont	pont	ADJ
emaj-79	168	25	captures	capture	NOUN
emaj-79	168	26	industry	industry	NOUN
emaj-79	168	27	level	level	NOUN
emaj-79	168	28	and	and	CCONJ
emaj-79	168	29	macroeconomic	macroeconomic	ADJ
emaj-79	168	30	conditions	condition	NOUN
emaj-79	168	31	as	as	SCONJ
emaj-79	168	32	indicated	indicate	VERB
emaj-79	168	33	by	by	ADP
emaj-79	168	34	nissim	nissim	PROPN
emaj-79	168	35	and	and	CCONJ
emaj-79	168	36	penman	penman	PROPN
emaj-79	168	37	(	(	PUNCT
emaj-79	168	38	2001	2001	NUM
emaj-79	168	39	)	)	PUNCT
emaj-79	168	40	.	.	PUNCT
emaj-79	169	1	this	this	PRON
emaj-79	169	2	therefore	therefore	ADV
emaj-79	169	3	asserts	assert	VERB
emaj-79	169	4	that	that	SCONJ
emaj-79	169	5	the	the	DET
emaj-79	169	6	use	use	NOUN
emaj-79	169	7	of	of	ADP
emaj-79	169	8	the	the	DET
emaj-79	169	9	five	five	NUM
emaj-79	169	10	step	step	NOUN
emaj-79	169	11	du	du	ADJ
emaj-79	169	12	-	-	ADJ
emaj-79	169	13	pont	pont	ADJ
emaj-79	169	14	model	model	NOUN
emaj-79	169	15	is	be	AUX
emaj-79	169	16	comprehensive	comprehensive	ADJ
emaj-79	169	17	enough	enough	ADV
emaj-79	169	18	to	to	PART
emaj-79	169	19	capture	capture	VERB
emaj-79	169	20	bank	bank	PROPN
emaj-79	169	21	specific	specific	ADJ
emaj-79	169	22	,	,	PUNCT
emaj-79	169	23	industry	industry	NOUN
emaj-79	169	24	level	level	NOUN
emaj-79	169	25	and	and	CCONJ
emaj-79	169	26	macroeconomic	macroeconomic	ADJ
emaj-79	169	27	variables	variable	NOUN
emaj-79	169	28	and	and	CCONJ
emaj-79	169	29	hence	hence	ADV
emaj-79	169	30	researchers	researcher	NOUN
emaj-79	169	31	can	can	AUX
emaj-79	169	32	adapt	adapt	VERB
emaj-79	169	33	its	its	PRON
emaj-79	169	34	use	use	NOUN
emaj-79	169	35	in	in	ADP
emaj-79	169	36	empirical	empirical	ADJ
emaj-79	169	37	studies	study	NOUN
emaj-79	169	38	in	in	ADP
emaj-79	169	39	other	other	ADJ
emaj-79	169	40	industries	industry	NOUN
emaj-79	169	41	like	like	ADP
emaj-79	169	42	construction	construction	NOUN
emaj-79	169	43	and	and	CCONJ
emaj-79	169	44	manufacturing	manufacturing	NOUN
emaj-79	169	45	industries	industry	NOUN
emaj-79	169	46	where	where	SCONJ
emaj-79	169	47	leverage	leverage	NOUN
emaj-79	169	48	is	be	AUX
emaj-79	169	49	high	high	ADJ
emaj-79	169	50	.	.	PUNCT
emaj-79	170	1	acknowledgement	acknowledgement	NOUN
emaj-79	170	2	we	we	PRON
emaj-79	170	3	wish	wish	VERB
emaj-79	170	4	to	to	PART
emaj-79	170	5	express	express	VERB
emaj-79	170	6	our	our	PRON
emaj-79	170	7	gratitude	gratitude	NOUN
emaj-79	170	8	to	to	ADP
emaj-79	170	9	mrs	mrs	PROPN
emaj-79	170	10	.	.	PROPN
emaj-79	170	11	charlotte	charlotte	PROPN
emaj-79	170	12	abena	abena	PROPN
emaj-79	170	13	frempomaa	frempomaa	NOUN
emaj-79	170	14	mensah	mensah	PROPN
emaj-79	170	15	of	of	ADP
emaj-79	170	16	bank	bank	PROPN
emaj-79	170	17	of	of	ADP
emaj-79	170	18	ghana	ghana	PROPN
emaj-79	170	19	for	for	ADP
emaj-79	170	20	her	her	PRON
emaj-79	170	21	relentless	relentless	ADJ
emaj-79	170	22	efforts	effort	NOUN
emaj-79	170	23	in	in	ADP
emaj-79	170	24	assisting	assist	VERB
emaj-79	170	25	us	we	PRON
emaj-79	170	26	to	to	PART
emaj-79	170	27	acquire	acquire	VERB
emaj-79	170	28	the	the	DET
emaj-79	170	29	needed	need	VERB
emaj-79	170	30	data	datum	NOUN
emaj-79	170	31	for	for	ADP
emaj-79	170	32	this	this	DET
emaj-79	170	33	study	study	NOUN
emaj-79	170	34	.	.	PUNCT
emaj-79	171	1	roe	roe	PROPN
emaj-79	171	2	during	during	ADP
emaj-79	171	3	profit	profit	NOUN
emaj-79	171	4	decline	decline	NOUN
emaj-79	171	5	periods	period	VERB
emaj-79	171	6	roe	roe	PROPN
emaj-79	171	7	post	post	ADJ
emaj-79	171	8	-	-	ADJ
emaj-79	171	9	profit	profit	ADJ
emaj-79	171	10	decline	decline	NOUN
emaj-79	171	11	periods	period	VERB
emaj-79	171	12	opm	opm	PROPN
emaj-79	171	13	0.186	0.186	NUM
emaj-79	171	14	0.372	0.372	NUM
emaj-79	171	15	(	(	PUNCT
emaj-79	171	16	3.68	3.68	NUM
emaj-79	171	17	)	)	PUNCT
emaj-79	171	18	*	*	PUNCT
emaj-79	172	1	*	*	PUNCT
emaj-79	172	2	*	*	PUNCT
emaj-79	172	3	(	(	PUNCT
emaj-79	172	4	6.48	6.48	NUM
emaj-79	172	5	)	)	PUNCT
emaj-79	172	6	*	*	PUNCT
emaj-79	172	7	*	*	PUNCT
emaj-79	172	8	*	*	PUNCT
emaj-79	172	9	ato	ato	PROPN
emaj-79	172	10	-0.115	-0.115	X
emaj-79	172	11	0.002	0.002	NUM
emaj-79	172	12	(	(	PUNCT
emaj-79	172	13	1.65	1.65	NUM
emaj-79	172	14	)	)	PUNCT
emaj-79	172	15	(	(	PUNCT
emaj-79	172	16	0.03	0.03	NUM
emaj-79	172	17	)	)	PUNCT
emaj-79	172	18	lr	lr	NOUN
emaj-79	172	19	0.008	0.008	NUM
emaj-79	172	20	0.009	0.009	NUM
emaj-79	172	21	(	(	PUNCT
emaj-79	172	22	2.73	2.73	NUM
emaj-79	172	23	)	)	PUNCT
emaj-79	172	24	*	*	PUNCT
emaj-79	173	1	*	*	PUNCT
emaj-79	173	2	*	*	PUNCT
emaj-79	173	3	(	(	PUNCT
emaj-79	173	4	2.28	2.28	NUM
emaj-79	173	5	)	)	PUNCT
emaj-79	173	6	*	*	PUNCT
emaj-79	173	7	*	*	PUNCT
emaj-79	173	8	lb	lb	NUM
emaj-79	173	9	0.001	0.001	NUM
emaj-79	173	10	-0.005	-0.005	PRON
emaj-79	173	11	(	(	PUNCT
emaj-79	173	12	0.18	0.18	NUM
emaj-79	173	13	)	)	PUNCT
emaj-79	173	14	(	(	PUNCT
emaj-79	173	15	0.74	0.74	NUM
emaj-79	173	16	)	)	PUNCT
emaj-79	173	17	taxeff	taxeff	NOUN
emaj-79	173	18	0.043	0.043	NUM
emaj-79	173	19	0.138	0.138	NUM
emaj-79	173	20	(	(	PUNCT
emaj-79	173	21	0.51	0.51	NUM
emaj-79	173	22	)	)	PUNCT
emaj-79	173	23	(	(	PUNCT
emaj-79	173	24	1.71	1.71	NUM
emaj-79	173	25	)	)	PUNCT
emaj-79	173	26	*	*	PUNCT
emaj-79	174	1	_	_	PUNCT
emaj-79	174	2	cons	con	NOUN
emaj-79	174	3	0.024	0.024	NUM
emaj-79	174	4	-0.167	-0.167	NUM
emaj-79	174	5	(	(	PUNCT
emaj-79	174	6	0.32	0.32	NUM
emaj-79	174	7	)	)	PUNCT
emaj-79	174	8	(	(	PUNCT
emaj-79	174	9	2.27	2.27	NUM
emaj-79	174	10	)	)	PUNCT
emaj-79	174	11	r2	r2	PROPN
emaj-79	174	12	adj	adj	PROPN
emaj-79	174	13	r2	r2	PROPN
emaj-79	174	14	0.45	0.45	NUM
emaj-79	174	15	0.39	0.39	NUM
emaj-79	174	16	0.42	0.42	NUM
emaj-79	174	17	0.38	0.38	NUM
emaj-79	174	18	n	n	NUM
emaj-79	174	19	banks	bank	NOUN
emaj-79	174	20	f	f	PROPN
emaj-79	174	21	test	test	PROPN
emaj-79	174	22	f	f	PROPN
emaj-79	174	23	prob	prob	PROPN
emaj-79	174	24	.	.	PUNCT
emaj-79	175	1	56	56	NUM
emaj-79	175	2	24	24	NUM
emaj-79	175	3	8.14	8.14	NUM
emaj-79	175	4	0.0000	0.0000	NUM
emaj-79	175	5	74	74	NUM
emaj-79	175	6	25	25	NUM
emaj-79	175	7	9.98	9.98	NUM
emaj-79	175	8	0.0000	0.0000	NUM
emaj-79	175	9	volume	volume	NOUN
emaj-79	175	10	5	5	NUM
emaj-79	175	11	no	no	DET
emaj-79	175	12	2	2	NUM
emaj-79	175	13	(	(	PUNCT
emaj-79	175	14	2015	2015	NUM
emaj-79	175	15	)	)	PUNCT
emaj-79	175	16	|	|	ADV
emaj-79	175	17	issn	issn	VERB
emaj-79	175	18	2158	2158	NUM
emaj-79	175	19	-	-	SYM
emaj-79	175	20	8708	8708	NUM
emaj-79	175	21	(	(	PUNCT
emaj-79	175	22	online	online	NOUN
emaj-79	175	23	)	)	PUNCT
emaj-79	175	24	|	|	ADV
emaj-79	175	25	doi	doi	X
emaj-79	175	26	10.5195	10.5195	NUM
emaj-79	175	27	/	/	SYM
emaj-79	175	28	emaj.2015.79	emaj.2015.79	VERB
emaj-79	175	29	|	|	ADV
emaj-79	175	30	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	175	31	evaluating	evaluate	VERB
emaj-79	175	32	banking	banking	NOUN
emaj-79	175	33	profit	profit	NOUN
emaj-79	175	34	performance	performance	NOUN
emaj-79	175	35	in	in	ADP
emaj-79	175	36	ghana	ghana	PROPN
emaj-79	175	37	during	during	ADP
emaj-79	175	38	and	and	CCONJ
emaj-79	175	39	post	post	VERB
emaj-79	175	40	profit	profit	NOUN
emaj-79	175	41	decline	decline	NOUN
emaj-79	175	42	:	:	PUNCT
emaj-79	175	43	a	a	DET
emaj-79	175	44	five	five	NUM
emaj-79	175	45	step	step	NOUN
emaj-79	175	46	du	du	ADJ
emaj-79	175	47	-	-	ADJ
emaj-79	175	48	pont	pont	ADJ
emaj-79	175	49	approach	approach	NOUN
emaj-79	175	50	page	page	NOUN
emaj-79	175	51	|36|	|36|	VERB
emaj-79	175	52	emerging	emerge	VERB
emaj-79	175	53	markets	market	NOUN
emaj-79	175	54	journal	journal	PROPN
emaj-79	175	55	references	reference	NOUN
emaj-79	175	56	alaghi	alaghi	PROPN
emaj-79	175	57	,	,	PUNCT
emaj-79	175	58	k.	k.	PROPN
emaj-79	175	59	(	(	PUNCT
emaj-79	175	60	2010	2010	NUM
emaj-79	175	61	)	)	PUNCT
emaj-79	175	62	.	.	PUNCT
emaj-79	176	1	financial	financial	ADJ
emaj-79	176	2	leverage	leverage	NOUN
emaj-79	176	3	and	and	CCONJ
emaj-79	176	4	systematic	systematic	ADJ
emaj-79	176	5	risk	risk	NOUN
emaj-79	176	6	.	.	PUNCT
emaj-79	177	1	african	african	ADJ
emaj-79	177	2	journal	journal	PROPN
emaj-79	177	3	of	of	ADP
emaj-79	177	4	business	business	NOUN
emaj-79	177	5	management	management	NOUN
emaj-79	177	6	,	,	PUNCT
emaj-79	177	7	vol.5	vol.5	PROPN
emaj-79	177	8	,	,	PUNCT
emaj-79	177	9	(	(	PUNCT
emaj-79	177	10	1	1	NUM
emaj-79	177	11	)	)	PUNCT
emaj-79	177	12	,	,	PUNCT
emaj-79	177	13	39	39	NUM
emaj-79	177	14	-	-	SYM
emaj-79	177	15	43	43	NUM
emaj-79	177	16	.	.	PUNCT
emaj-79	178	1	altman	altman	PROPN
emaj-79	178	2	e.	e.	PROPN
emaj-79	178	3	i.	i.	PROPN
emaj-79	178	4	(	(	PUNCT
emaj-79	178	5	1968	1968	NUM
emaj-79	178	6	)	)	PUNCT
emaj-79	178	7	.	.	PUNCT
emaj-79	179	1	financial	financial	ADJ
emaj-79	179	2	ratios	ratio	NOUN
emaj-79	179	3	,	,	PUNCT
emaj-79	179	4	discriminant	discriminant	ADJ
emaj-79	179	5	analysis	analysis	NOUN
emaj-79	179	6	and	and	CCONJ
emaj-79	179	7	the	the	DET
emaj-79	179	8	prediction	prediction	NOUN
emaj-79	179	9	of	of	ADP
emaj-79	179	10	corporate	corporate	ADJ
emaj-79	179	11	bankruptcy	bankruptcy	NOUN
emaj-79	179	12	.	.	PUNCT
emaj-79	180	1	the	the	DET
emaj-79	180	2	journal	journal	NOUN
emaj-79	180	3	of	of	ADP
emaj-79	180	4	finance	finance	NOUN
emaj-79	180	5	vol	vol	NOUN
emaj-79	180	6	xxiii	xxiii	PROPN
emaj-79	180	7	,	,	PUNCT
emaj-79	180	8	no	no	INTJ
emaj-79	180	9	.	.	NOUN
emaj-79	180	10	4	4	NUM
emaj-79	180	11	.	.	X
emaj-79	180	12	athanasoglou	athanasoglou	PROPN
emaj-79	180	13	,	,	PUNCT
emaj-79	180	14	p.	p.	PROPN
emaj-79	180	15	p.	p.	PROPN
emaj-79	180	16	,	,	PUNCT
emaj-79	180	17	sophocles	sophocles	PROPN
emaj-79	180	18	,	,	PUNCT
emaj-79	180	19	n.	n.	PROPN
emaj-79	180	20	b.	b.	PROPN
emaj-79	180	21	,	,	PUNCT
emaj-79	180	22	and	and	CCONJ
emaj-79	180	23	delis	deli	NOUN
emaj-79	180	24	,	,	PUNCT
emaj-79	180	25	m.	m.	NOUN
emaj-79	180	26	d.	d.	PROPN
emaj-79	180	27	(	(	PUNCT
emaj-79	180	28	2008	2008	NUM
emaj-79	180	29	)	)	PUNCT
emaj-79	180	30	.	.	PUNCT
emaj-79	181	1	bank	bank	NOUN
emaj-79	181	2	-	-	PUNCT
emaj-79	181	3	specific	specific	ADJ
emaj-79	181	4	,	,	PUNCT
emaj-79	181	5	industryspecific	industryspecific	ADJ
emaj-79	181	6	and	and	CCONJ
emaj-79	181	7	macroeconomic	macroeconomic	ADJ
emaj-79	181	8	determinants	determinant	NOUN
emaj-79	181	9	of	of	ADP
emaj-79	181	10	bank	bank	NOUN
emaj-79	181	11	profitability	profitability	NOUN
emaj-79	181	12	.	.	PUNCT
emaj-79	182	1	international	international	ADJ
emaj-79	182	2	financial	financial	ADJ
emaj-79	182	3	markets	market	NOUN
emaj-79	182	4	,	,	PUNCT
emaj-79	182	5	institutions	institution	NOUN
emaj-79	182	6	and	and	CCONJ
emaj-79	182	7	money	money	NOUN
emaj-79	182	8	,	,	PUNCT
emaj-79	182	9	18(2	18(2	NUM
emaj-79	182	10	)	)	PUNCT
emaj-79	182	11	,	,	PUNCT
emaj-79	182	12	121	121	NUM
emaj-79	182	13	-	-	SYM
emaj-79	182	14	136	136	NUM
emaj-79	182	15	.	.	PUNCT
emaj-79	183	1	athanasoglou	athanasoglou	PROPN
emaj-79	183	2	,	,	PUNCT
emaj-79	183	3	p.p	p.p	PROPN
emaj-79	183	4	.	.	PROPN
emaj-79	183	5	,	,	PUNCT
emaj-79	183	6	brissimis	brissimis	PROPN
emaj-79	183	7	,	,	PUNCT
emaj-79	183	8	s.n	s.n	PROPN
emaj-79	183	9	.	.	PROPN
emaj-79	183	10	and	and	CCONJ
emaj-79	183	11	delis	deli	NOUN
emaj-79	183	12	,	,	PUNCT
emaj-79	183	13	m.d	m.d	PROPN
emaj-79	183	14	.	.	PROPN
emaj-79	183	15	(	(	PUNCT
emaj-79	183	16	2005	2005	NUM
emaj-79	183	17	)	)	PUNCT
emaj-79	183	18	.	.	PUNCT
emaj-79	184	1	bank	bank	NOUN
emaj-79	184	2	-	-	PUNCT
emaj-79	184	3	specific	specific	ADJ
emaj-79	184	4	,	,	PUNCT
emaj-79	184	5	industryspecific	industryspecific	ADJ
emaj-79	184	6	and	and	CCONJ
emaj-79	184	7	macroeconomic	macroeconomic	ADJ
emaj-79	184	8	determinants	determinant	NOUN
emaj-79	184	9	of	of	ADP
emaj-79	184	10	bank	bank	NOUN
emaj-79	184	11	profitability	profitability	NOUN
emaj-79	184	12	.	.	PUNCT
emaj-79	185	1	bank	bank	PROPN
emaj-79	185	2	of	of	ADP
emaj-79	185	3	greece	greece	PROPN
emaj-79	185	4	working	working	PROPN
emaj-79	185	5	paper	paper	NOUN
emaj-79	185	6	,	,	PUNCT
emaj-79	185	7	no	no	INTJ
emaj-79	185	8	.	.	NOUN
emaj-79	185	9	25	25	NUM
emaj-79	185	10	.	.	PUNCT
emaj-79	186	1	blumenthal	blumenthal	PROPN
emaj-79	186	2	,	,	PUNCT
emaj-79	186	3	r.	r.	PROPN
emaj-79	186	4	g.	g.	PROPN
emaj-79	186	5	(	(	PUNCT
emaj-79	186	6	1998	1998	NUM
emaj-79	186	7	)	)	PUNCT
emaj-79	186	8	.	.	PUNCT
emaj-79	187	1	‘	'	PUNCT
emaj-79	187	2	tis	tis	PROPN
emaj-79	187	3	the	the	DET
emaj-79	187	4	gift	gift	NOUN
emaj-79	187	5	to	to	PART
emaj-79	187	6	be	be	AUX
emaj-79	187	7	simple	simple	ADJ
emaj-79	187	8	:	:	PUNCT
emaj-79	187	9	why	why	SCONJ
emaj-79	187	10	the	the	DET
emaj-79	187	11	80	80	NUM
emaj-79	187	12	-	-	PUNCT
emaj-79	187	13	year	year	NOUN
emaj-79	187	14	-	-	PUNCT
emaj-79	187	15	old	old	ADJ
emaj-79	187	16	du	du	PROPN
emaj-79	187	17	pont	pont	PROPN
emaj-79	187	18	model	model	NOUN
emaj-79	187	19	still	still	ADV
emaj-79	187	20	has	have	VERB
emaj-79	187	21	fans	fan	NOUN
emaj-79	187	22	.	.	PUNCT
emaj-79	188	1	cfo	cfo	PROPN
emaj-79	188	2	magazine	magazine	PROPN
emaj-79	188	3	,	,	PUNCT
emaj-79	188	4	january	january	PROPN
emaj-79	188	5	,	,	PUNCT
emaj-79	188	6	1998	1998	NUM
emaj-79	188	7	,	,	PUNCT
emaj-79	188	8	pp	pp	ADJ
emaj-79	188	9	.	.	PUNCT
emaj-79	189	1	1	1	NUM
emaj-79	189	2	-	-	SYM
emaj-79	189	3	3	3	NUM
emaj-79	189	4	.	.	PUNCT
emaj-79	189	5	burson	burson	PROPN
emaj-79	189	6	,	,	PUNCT
emaj-79	189	7	r.	r.	PROPN
emaj-79	189	8	(	(	PUNCT
emaj-79	189	9	1998	1998	NUM
emaj-79	189	10	)	)	PUNCT
emaj-79	189	11	.	.	PUNCT
emaj-79	190	1	tools	tool	NOUN
emaj-79	190	2	you	you	PRON
emaj-79	190	3	can	can	AUX
emaj-79	190	4	use	use	VERB
emaj-79	190	5	for	for	ADP
emaj-79	190	6	improved	improved	ADJ
emaj-79	190	7	ratio	ratio	NOUN
emaj-79	190	8	analysis	analysis	NOUN
emaj-79	190	9	.	.	PUNCT
emaj-79	191	1	san	san	PROPN
emaj-79	191	2	diego	diego	PROPN
emaj-79	191	3	business	business	PROPN
emaj-79	191	4	journal	journal	PROPN
emaj-79	191	5	,	,	PUNCT
emaj-79	191	6	12/07/98	12/07/98	PROPN
emaj-79	191	7	,	,	PUNCT
emaj-79	191	8	vol	vol	NOUN
emaj-79	191	9	.	.	PROPN
emaj-79	191	10	19	19	NUM
emaj-79	191	11	,	,	PUNCT
emaj-79	191	12	issue	issue	NOUN
emaj-79	191	13	49	49	NUM
emaj-79	191	14	,	,	PUNCT
emaj-79	191	15	pp	pp	ADJ
emaj-79	191	16	.	.	PUNCT
emaj-79	192	1	19	19	NUM
emaj-79	192	2	-	-	SYM
emaj-79	192	3	23	23	NUM
emaj-79	192	4	.	.	PUNCT
emaj-79	193	1	collins	collins	PROPN
emaj-79	193	2	,	,	PUNCT
emaj-79	193	3	d.	d.	PROPN
emaj-79	193	4	,	,	PUNCT
emaj-79	193	5	roman	roman	PROPN
emaj-79	193	6	,	,	PUNCT
emaj-79	193	7	f.	f.	PROPN
emaj-79	193	8	,	,	PUNCT
emaj-79	193	9	and	and	CCONJ
emaj-79	193	10	chan	chan	PROPN
emaj-79	193	11	,	,	PUNCT
emaj-79	193	12	h.	h.	PROPN
emaj-79	193	13	(	(	PUNCT
emaj-79	193	14	2010	2010	NUM
emaj-79	193	15	)	)	PUNCT
emaj-79	193	16	.	.	PUNCT
emaj-79	194	1	an	an	DET
emaj-79	194	2	empirical	empirical	ADJ
emaj-79	194	3	investigation	investigation	NOUN
emaj-79	194	4	of	of	ADP
emaj-79	194	5	the	the	DET
emaj-79	194	6	relationship	relationship	NOUN
emaj-79	194	7	between	between	ADP
emaj-79	194	8	profit	profit	NOUN
emaj-79	194	9	margin	margin	NOUN
emaj-79	194	10	persistence	persistence	NOUN
emaj-79	194	11	and	and	CCONJ
emaj-79	194	12	firms	firm	NOUN
emaj-79	194	13	’	'	PUNCT
emaj-79	194	14	choice	choice	NOUN
emaj-79	194	15	of	of	ADP
emaj-79	194	16	business	business	NOUN
emaj-79	194	17	model	model	NOUN
emaj-79	194	18	:	:	PUNCT
emaj-79	194	19	evidence	evidence	NOUN
emaj-79	194	20	from	from	ADP
emaj-79	194	21	the	the	DET
emaj-79	194	22	us	us	PROPN
emaj-79	194	23	airline	airline	NOUN
emaj-79	194	24	industry	industry	NOUN
emaj-79	194	25	.	.	PUNCT
emaj-79	195	1	business	business	NOUN
emaj-79	195	2	lawyer	lawyer	NOUN
emaj-79	195	3	,	,	PUNCT
emaj-79	195	4	(	(	PUNCT
emaj-79	195	5	54	54	NUM
emaj-79	195	6	)	)	PUNCT
emaj-79	195	7	,	,	PUNCT
emaj-79	195	8	921	921	NUM
emaj-79	195	9	-	-	SYM
emaj-79	195	10	963	963	NUM
emaj-79	195	11	.	.	PUNCT
emaj-79	196	1	conrad	conrad	PROPN
emaj-79	196	2	,	,	PUNCT
emaj-79	196	3	d.a	d.a	PROPN
emaj-79	196	4	.	.	PROPN
emaj-79	196	5	(	(	PUNCT
emaj-79	196	6	2010	2010	NUM
emaj-79	196	7	)	)	PUNCT
emaj-79	196	8	.	.	PUNCT
emaj-79	197	1	returns	return	NOUN
emaj-79	197	2	on	on	ADP
emaj-79	197	3	equity	equity	NOUN
emaj-79	197	4	to	to	ADP
emaj-79	197	5	notfor	notfor	NOUN
emaj-79	197	6	-	-	PUNCT
emaj-79	197	7	profit	profit	NOUN
emaj-79	197	8	hospitals	hospital	NOUN
emaj-79	197	9	:	:	PUNCT
emaj-79	197	10	theory	theory	NOUN
emaj-79	197	11	and	and	CCONJ
emaj-79	197	12	implementation	implementation	NOUN
emaj-79	197	13	.	.	PUNCT
emaj-79	198	1	international	international	ADJ
emaj-79	198	2	journal	journal	PROPN
emaj-79	198	3	of	of	ADP
emaj-79	198	4	managerial	managerial	ADJ
emaj-79	198	5	finance	finance	NOUN
emaj-79	198	6	;	;	PUNCT
emaj-79	198	7	emerald	emerald	NOUN
emaj-79	198	8	group	group	PROPN
emaj-79	198	9	publishing	publishing	PROPN
emaj-79	198	10	limited	limit	VERB
emaj-79	198	11	,	,	PUNCT
emaj-79	198	12	vol	vol	NOUN
emaj-79	198	13	.	.	PROPN
emaj-79	198	14	6	6	NUM
emaj-79	198	15	,	,	PUNCT
emaj-79	198	16	(	(	PUNCT
emaj-79	198	17	3	3	NUM
emaj-79	198	18	)	)	PUNCT
emaj-79	198	19	,	,	PUNCT
emaj-79	198	20	190	190	NUM
emaj-79	198	21	-	-	SYM
emaj-79	198	22	219	219	NUM
emaj-79	198	23	.	.	PUNCT
emaj-79	198	24	darmika	darmika	PROPN
emaj-79	198	25	,	,	PUNCT
emaj-79	198	26	r.	r.	PROPN
emaj-79	198	27	(	(	PUNCT
emaj-79	198	28	2008	2008	NUM
emaj-79	198	29	)	)	PUNCT
emaj-79	198	30	.	.	PUNCT
emaj-79	199	1	dupont	dupont	NOUN
emaj-79	199	2	analysis	analysis	NOUN
emaj-79	199	3	of	of	ADP
emaj-79	199	4	an	an	DET
emaj-79	199	5	information	information	NOUN
emaj-79	199	6	technology	technology	NOUN
emaj-79	199	7	enables	enable	VERB
emaj-79	199	8	competitive	competitive	ADJ
emaj-79	199	9	advantage	advantage	NOUN
emaj-79	199	10	.	.	PUNCT
emaj-79	200	1	journal	journal	NOUN
emaj-79	200	2	compilation	compilation	NOUN
emaj-79	200	3	blackwell	blackwell	PROPN
emaj-79	200	4	publishing	publishing	PROPN
emaj-79	200	5	ltd	ltd	PROPN
emaj-79	200	6	,	,	PUNCT
emaj-79	200	7	vol	vol	NOUN
emaj-79	200	8	.	.	PROPN
emaj-79	200	9	15	15	NUM
emaj-79	200	10	,	,	PUNCT
emaj-79	200	11	(	(	PUNCT
emaj-79	200	12	2	2	NUM
emaj-79	200	13	)	)	PUNCT
emaj-79	200	14	,	,	PUNCT
emaj-79	200	15	239	239	NUM
emaj-79	200	16	-	-	SYM
emaj-79	200	17	250	250	NUM
emaj-79	200	18	.	.	PUNCT
emaj-79	201	1	devine	devine	PROPN
emaj-79	201	2	,	,	PUNCT
emaj-79	201	3	k.	k.	PROPN
emaj-79	201	4	and	and	CCONJ
emaj-79	201	5	seaton	seaton	PROPN
emaj-79	201	6	,	,	PUNCT
emaj-79	201	7	l.	l.	PROPN
emaj-79	201	8	(	(	PUNCT
emaj-79	201	9	1995	1995	NUM
emaj-79	201	10	)	)	PUNCT
emaj-79	201	11	.	.	PUNCT
emaj-79	202	1	an	an	DET
emaj-79	202	2	examination	examination	NOUN
emaj-79	202	3	of	of	ADP
emaj-79	202	4	quarterly	quarterly	ADJ
emaj-79	202	5	financial	financial	ADJ
emaj-79	202	6	ratio	ratio	NOUN
emaj-79	202	7	stability	stability	NOUN
emaj-79	202	8	:	:	PUNCT
emaj-79	202	9	implications	implication	NOUN
emaj-79	202	10	for	for	ADP
emaj-79	202	11	financial	financial	ADJ
emaj-79	202	12	decision	decision	NOUN
emaj-79	202	13	making	making	NOUN
emaj-79	202	14	.	.	PUNCT
emaj-79	203	1	journal	journal	PROPN
emaj-79	203	2	of	of	ADP
emaj-79	203	3	applied	apply	VERB
emaj-79	203	4	business	business	NOUN
emaj-79	203	5	research	research	NOUN
emaj-79	203	6	,	,	PUNCT
emaj-79	203	7	winter	winter	NOUN
emaj-79	203	8	,	,	PUNCT
emaj-79	203	9	1995	1995	NUM
emaj-79	203	10	,	,	PUNCT
emaj-79	203	11	pp	pp	ADJ
emaj-79	203	12	.	.	PUNCT
emaj-79	203	13	8198	8198	NUM
emaj-79	203	14	.	.	PUNCT
emaj-79	204	1	escudero	escudero	PROPN
emaj-79	204	2	,	,	PUNCT
emaj-79	204	3	w.s	w.s	PROPN
emaj-79	204	4	.	.	PROPN
emaj-79	204	5	(	(	PUNCT
emaj-79	204	6	2011	2011	NUM
emaj-79	204	7	)	)	PUNCT
emaj-79	204	8	.	.	PUNCT
emaj-79	205	1	ceo	ceo	NOUN
emaj-79	205	2	salary	salary	NOUN
emaj-79	205	3	and	and	CCONJ
emaj-79	205	4	return	return	NOUN
emaj-79	205	5	on	on	ADP
emaj-79	205	6	equity	equity	NOUN
emaj-79	205	7	.	.	PUNCT
emaj-79	206	1	“	"	PUNCT
emaj-79	206	2	journal	journal	NOUN
emaj-79	206	3	of	of	ADP
emaj-79	206	4	finance	finance	NOUN
emaj-79	206	5	and	and	CCONJ
emaj-79	206	6	accountancy	accountancy	NOUN
emaj-79	206	7	”	"	PUNCT
emaj-79	206	8	,	,	PUNCT
emaj-79	206	9	(	(	PUNCT
emaj-79	206	10	61	61	NUM
emaj-79	206	11	)	)	PUNCT
emaj-79	206	12	,	,	PUNCT
emaj-79	206	13	7	7	NUM
emaj-79	206	14	-	-	SYM
emaj-79	206	15	14	14	NUM
emaj-79	206	16	.	.	PUNCT
emaj-79	207	1	volume	volume	NOUN
emaj-79	207	2	5	5	NUM
emaj-79	207	3	no	no	DET
emaj-79	207	4	2	2	NUM
emaj-79	207	5	(	(	PUNCT
emaj-79	207	6	2015	2015	NUM
emaj-79	207	7	)	)	PUNCT
emaj-79	207	8	|	|	ADV
emaj-79	207	9	issn	issn	VERB
emaj-79	207	10	2158	2158	NUM
emaj-79	207	11	-	-	SYM
emaj-79	207	12	8708	8708	NUM
emaj-79	207	13	(	(	PUNCT
emaj-79	207	14	online	online	NOUN
emaj-79	207	15	)	)	PUNCT
emaj-79	207	16	|	|	ADV
emaj-79	207	17	doi	doi	X
emaj-79	207	18	10.5195	10.5195	NUM
emaj-79	207	19	/	/	SYM
emaj-79	207	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	207	21	|	|	ADV
emaj-79	207	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	207	23	baah	baah	PROPN
emaj-79	207	24	aye	aye	PROPN
emaj-79	207	25	kusi	kusi	PROPN
emaj-79	207	26	,	,	PUNCT
emaj-79	207	27	kwadjo	kwadjo	PROPN
emaj-79	207	28	ansah	ansah	PROPN
emaj-79	207	29	-	-	PUNCT
emaj-79	207	30	adu	adu	PROPN
emaj-79	207	31	,	,	PUNCT
emaj-79	207	32	albert	albert	PROPN
emaj-79	207	33	agyei	agyei	PROPN
emaj-79	207	34	emerging	emerge	VERB
emaj-79	207	35	markets	market	NOUN
emaj-79	207	36	journal	journal	NOUN
emaj-79	207	37	|	|	ADV
emaj-79	207	38	p	p	NOUN
emaj-79	207	39	a	a	DET
emaj-79	207	40	g	g	PROPN
emaj-79	207	41	e	e	PROPN
emaj-79	207	42	|37	|37	NOUN
emaj-79	207	43	fairfield	fairfield	PROPN
emaj-79	207	44	,	,	PUNCT
emaj-79	207	45	p.	p.	NOUN
emaj-79	207	46	and	and	CCONJ
emaj-79	207	47	yohn	yohn	PROPN
emaj-79	207	48	.	.	PUNCT
emaj-79	208	1	t.	t.	PROPN
emaj-79	208	2	(	(	PUNCT
emaj-79	208	3	2001	2001	NUM
emaj-79	208	4	)	)	PUNCT
emaj-79	208	5	.	.	PUNCT
emaj-79	209	1	using	use	VERB
emaj-79	209	2	asset	asset	NOUN
emaj-79	209	3	turnover	turnover	NOUN
emaj-79	209	4	and	and	CCONJ
emaj-79	209	5	profit	profit	NOUN
emaj-79	209	6	margin	margin	NOUN
emaj-79	209	7	to	to	PART
emaj-79	209	8	forecast	forecast	VERB
emaj-79	209	9	changes	change	NOUN
emaj-79	209	10	in	in	ADP
emaj-79	209	11	profitability	profitability	NOUN
emaj-79	209	12	.	.	PUNCT
emaj-79	210	1	review	review	NOUN
emaj-79	210	2	of	of	ADP
emaj-79	210	3	accounting	accounting	NOUN
emaj-79	210	4	studies	study	NOUN
emaj-79	210	5	(	(	PUNCT
emaj-79	210	6	december	december	PROPN
emaj-79	210	7	):	):	PUNCT
emaj-79	210	8	371	371	NUM
emaj-79	210	9	–	–	PUNCT
emaj-79	210	10	385	385	NUM
emaj-79	210	11	.	.	PUNCT
emaj-79	211	1	ge	ge	PROPN
emaj-79	211	2	,	,	PUNCT
emaj-79	211	3	w.	w.	PROPN
emaj-79	211	4	,	,	PUNCT
emaj-79	211	5	and	and	CCONJ
emaj-79	211	6	soliman	soliman	NOUN
emaj-79	211	7	,	,	PUNCT
emaj-79	211	8	m.	m.	NOUN
emaj-79	211	9	(	(	PUNCT
emaj-79	211	10	2007	2007	NUM
emaj-79	211	11	)	)	PUNCT
emaj-79	211	12	.	.	PUNCT
emaj-79	212	1	achieving	achieve	VERB
emaj-79	212	2	competitive	competitive	ADJ
emaj-79	212	3	advantage	advantage	NOUN
emaj-79	212	4	through	through	ADP
emaj-79	212	5	product	product	NOUN
emaj-79	212	6	differentiation	differentiation	NOUN
emaj-79	212	7	and	and	CCONJ
emaj-79	212	8	cost	cost	NOUN
emaj-79	212	9	efficiency	efficiency	NOUN
emaj-79	212	10	:	:	PUNCT
emaj-79	212	11	a	a	DET
emaj-79	212	12	new	new	ADJ
emaj-79	212	13	approach	approach	NOUN
emaj-79	212	14	with	with	ADP
emaj-79	212	15	new	new	ADJ
emaj-79	212	16	insights.working	insights.worke	VERB
emaj-79	212	17	paper	paper	NOUN
emaj-79	212	18	,	,	PUNCT
emaj-79	212	19	university	university	PROPN
emaj-79	212	20	of	of	ADP
emaj-79	212	21	washington	washington	PROPN
emaj-79	212	22	.	.	PUNCT
emaj-79	213	1	gill	gill	PROPN
emaj-79	213	2	,	,	PUNCT
emaj-79	213	3	j.	j.	PROPN
emaj-79	213	4	(	(	PUNCT
emaj-79	213	5	1994	1994	NUM
emaj-79	213	6	)	)	PUNCT
emaj-79	213	7	.	.	PUNCT
emaj-79	214	1	financial	financial	ADJ
emaj-79	214	2	basics	basic	NOUN
emaj-79	214	3	of	of	ADP
emaj-79	214	4	small	small	ADJ
emaj-79	214	5	business	business	NOUN
emaj-79	214	6	success	success	NOUN
emaj-79	214	7	,	,	PUNCT
emaj-79	214	8	crisp	crisp	ADJ
emaj-79	214	9	publications	publication	NOUN
emaj-79	214	10	,	,	PUNCT
emaj-79	214	11	1994	1994	NUM
emaj-79	214	12	.	.	PUNCT
emaj-79	215	1	gitman	gitman	PROPN
emaj-79	215	2	,	,	PUNCT
emaj-79	215	3	l.	l.	PROPN
emaj-79	215	4	(	(	PUNCT
emaj-79	215	5	1998	1998	NUM
emaj-79	215	6	)	)	PUNCT
emaj-79	215	7	.	.	PUNCT
emaj-79	216	1	principles	principle	NOUN
emaj-79	216	2	of	of	ADP
emaj-79	216	3	financial	financial	ADJ
emaj-79	216	4	management	management	NOUN
emaj-79	216	5	,	,	PUNCT
emaj-79	216	6	8th	8th	ADJ
emaj-79	216	7	edition	edition	NOUN
emaj-79	216	8	,	,	PUNCT
emaj-79	216	9	addison	addison	PROPN
emaj-79	216	10	wesley	wesley	PROPN
emaj-79	216	11	publishers	publisher	NOUN
emaj-79	216	12	,	,	PUNCT
emaj-79	216	13	2000	2000	NUM
emaj-79	216	14	.	.	PUNCT
emaj-79	217	1	hawawini	hawawini	PROPN
emaj-79	217	2	,	,	PUNCT
emaj-79	217	3	g.	g.	PROPN
emaj-79	217	4	and	and	CCONJ
emaj-79	217	5	viallet	viallet	NOUN
emaj-79	217	6	,	,	PUNCT
emaj-79	217	7	t.	t.	PROPN
emaj-79	217	8	(	(	PUNCT
emaj-79	217	9	1999	1999	NUM
emaj-79	217	10	)	)	PUNCT
emaj-79	217	11	.	.	PUNCT
emaj-79	218	1	finance	finance	NOUN
emaj-79	218	2	for	for	ADP
emaj-79	218	3	executives	executive	NOUN
emaj-79	218	4	,	,	PUNCT
emaj-79	218	5	south	south	ADJ
emaj-79	218	6	-	-	PUNCT
emaj-79	218	7	western	western	ADJ
emaj-79	218	8	college	college	NOUN
emaj-79	218	9	publishing	publishing	NOUN
emaj-79	218	10	,	,	PUNCT
emaj-79	218	11	1999	1999	NUM
emaj-79	218	12	.	.	PUNCT
emaj-79	219	1	herciu	herciu	NOUN
emaj-79	219	2	,	,	PUNCT
emaj-79	219	3	m.	m.	NOUN
emaj-79	219	4	,	,	PUNCT
emaj-79	219	5	belascu	belascu	NOUN
emaj-79	219	6	,	,	PUNCT
emaj-79	219	7	l.	l.	PROPN
emaj-79	219	8	,	,	PUNCT
emaj-79	219	9	ogrean	ogrean	ADJ
emaj-79	219	10	,	,	PUNCT
emaj-79	219	11	c.	c.	NOUN
emaj-79	219	12	(	(	PUNCT
emaj-79	219	13	2011	2011	NUM
emaj-79	219	14	)	)	PUNCT
emaj-79	219	15	a	a	DET
emaj-79	219	16	dupont	dupont	NOUN
emaj-79	219	17	analysis	analysis	NOUN
emaj-79	219	18	of	of	ADP
emaj-79	219	19	the	the	DET
emaj-79	219	20	20	20	NUM
emaj-79	219	21	most	most	ADV
emaj-79	219	22	profitable	profitable	ADJ
emaj-79	219	23	companies	company	NOUN
emaj-79	219	24	in	in	ADP
emaj-79	219	25	the	the	DET
emaj-79	219	26	world	world	NOUN
emaj-79	219	27	.	.	PUNCT
emaj-79	220	1	international	international	ADJ
emaj-79	220	2	conference	conference	NOUN
emaj-79	220	3	on	on	ADP
emaj-79	220	4	business	business	NOUN
emaj-79	220	5	and	and	CCONJ
emaj-79	220	6	economics	economic	NOUN
emaj-79	220	7	research	research	NOUN
emaj-79	220	8	,	,	PUNCT
emaj-79	220	9	vol	vol	NOUN
emaj-79	220	10	.	.	PROPN
emaj-79	220	11	1	1	NUM
emaj-79	220	12	,	,	PUNCT
emaj-79	220	13	2011	2011	NUM
emaj-79	220	14	,	,	PUNCT
emaj-79	220	15	pp	pp	ADJ
emaj-79	220	16	.	.	PUNCT
emaj-79	221	1	45	45	NUM
emaj-79	221	2	-	-	SYM
emaj-79	221	3	48	48	NUM
emaj-79	221	4	.	.	PUNCT
emaj-79	222	1	kose	kose	PROPN
emaj-79	222	2	,	,	PUNCT
emaj-79	222	3	j.	j.	PROPN
emaj-79	222	4	,	,	PUNCT
emaj-79	222	5	&	&	CCONJ
emaj-79	222	6	yiming	yiming	PROPN
emaj-79	222	7	,	,	PUNCT
emaj-79	222	8	q.	q.	PROPN
emaj-79	222	9	(	(	PUNCT
emaj-79	222	10	2003	2003	NUM
emaj-79	222	11	)	)	PUNCT
emaj-79	222	12	.	.	PUNCT
emaj-79	223	1	incentive	incentive	NOUN
emaj-79	223	2	features	feature	NOUN
emaj-79	223	3	in	in	ADP
emaj-79	223	4	ceo	ceo	NOUN
emaj-79	223	5	compensation	compensation	NOUN
emaj-79	223	6	in	in	ADP
emaj-79	223	7	the	the	DET
emaj-79	223	8	banking	banking	NOUN
emaj-79	223	9	industry	industry	NOUN
emaj-79	223	10	.	.	PUNCT
emaj-79	224	1	federal	federal	PROPN
emaj-79	224	2	reserve	reserve	PROPN
emaj-79	224	3	bank	bank	PROPN
emaj-79	224	4	of	of	ADP
emaj-79	224	5	new	new	PROPN
emaj-79	224	6	york	york	PROPN
emaj-79	224	7	economic	economic	ADJ
emaj-79	224	8	policy	policy	NOUN
emaj-79	224	9	review	review	NOUN
emaj-79	224	10	,	,	PUNCT
emaj-79	224	11	9	9	NUM
emaj-79	224	12	,	,	PUNCT
emaj-79	224	13	1	1	NUM
emaj-79	224	14	,	,	PUNCT
emaj-79	224	15	107	107	NUM
emaj-79	224	16	.	.	PUNCT
emaj-79	225	1	lauzen	lauzen	VERB
emaj-79	225	2	,	,	PUNCT
emaj-79	225	3	l.	l.	PROPN
emaj-79	225	4	(	(	PUNCT
emaj-79	225	5	1985	1985	NUM
emaj-79	225	6	)	)	PUNCT
emaj-79	225	7	.	.	PUNCT
emaj-79	226	1	small	small	ADJ
emaj-79	226	2	business	business	NOUN
emaj-79	226	3	failures	failure	NOUN
emaj-79	226	4	are	be	AUX
emaj-79	226	5	controllable	controllable	ADJ
emaj-79	226	6	,	,	PUNCT
emaj-79	226	7	corporate	corporate	ADJ
emaj-79	226	8	accounting	accounting	NOUN
emaj-79	226	9	,	,	PUNCT
emaj-79	226	10	summer	summer	NOUN
emaj-79	226	11	,	,	PUNCT
emaj-79	226	12	1985	1985	NUM
emaj-79	226	13	,	,	PUNCT
emaj-79	226	14	pp	pp	ADV
emaj-79	226	15	.	.	PUNCT
emaj-79	227	1	34	34	NUM
emaj-79	227	2	-	-	SYM
emaj-79	227	3	38	38	NUM
emaj-79	227	4	.	.	PUNCT
emaj-79	228	1	liesz	liesz	PROPN
emaj-79	228	2	,	,	PUNCT
emaj-79	228	3	t.j	t.j	PROPN
emaj-79	228	4	.	.	PROPN
emaj-79	228	5	(	(	PUNCT
emaj-79	228	6	2004	2004	NUM
emaj-79	228	7	)	)	PUNCT
emaj-79	228	8	.	.	PUNCT
emaj-79	229	1	really	really	ADV
emaj-79	229	2	modified	modify	VERB
emaj-79	229	3	dupont	dupont	NOUN
emaj-79	229	4	analysis	analysis	NOUN
emaj-79	229	5	:	:	PUNCT
emaj-79	229	6	five	five	NUM
emaj-79	229	7	ways	way	NOUN
emaj-79	229	8	to	to	PART
emaj-79	229	9	improve	improve	VERB
emaj-79	229	10	return	return	NOUN
emaj-79	229	11	on	on	ADP
emaj-79	229	12	equity	equity	NOUN
emaj-79	229	13	.	.	PUNCT
emaj-79	230	1	the	the	DET
emaj-79	230	2	economics	economics	PROPN
emaj-79	230	3	review	review	NOUN
emaj-79	230	4	,	,	PUNCT
emaj-79	230	5	vol	vol	NOUN
emaj-79	230	6	.	.	PROPN
emaj-79	230	7	81	81	NUM
emaj-79	230	8	,	,	PUNCT
emaj-79	230	9	(	(	PUNCT
emaj-79	230	10	3	3	NUM
emaj-79	230	11	)	)	PUNCT
emaj-79	230	12	,	,	PUNCT
emaj-79	230	13	231	231	NUM
emaj-79	230	14	-	-	SYM
emaj-79	230	15	243	243	NUM
emaj-79	230	16	.	.	PUNCT
emaj-79	231	1	liesz	liesz	PROPN
emaj-79	231	2	,	,	PUNCT
emaj-79	231	3	t.	t.	PROPN
emaj-79	231	4	(	(	PUNCT
emaj-79	231	5	2002	2002	NUM
emaj-79	231	6	)	)	PUNCT
emaj-79	231	7	.	.	PUNCT
emaj-79	232	1	really	really	ADV
emaj-79	232	2	modified	modify	VERB
emaj-79	232	3	du	du	PROPN
emaj-79	232	4	pont	pont	NOUN
emaj-79	232	5	analysis	analysis	NOUN
emaj-79	232	6	:	:	PUNCT
emaj-79	232	7	five	five	NUM
emaj-79	232	8	ways	way	NOUN
emaj-79	232	9	to	to	PART
emaj-79	232	10	improve	improve	VERB
emaj-79	232	11	return	return	NOUN
emaj-79	232	12	on	on	ADP
emaj-79	232	13	equity	equity	NOUN
emaj-79	232	14	.	.	PUNCT
emaj-79	233	1	proceedings	proceeding	NOUN
emaj-79	233	2	of	of	ADP
emaj-79	233	3	the	the	DET
emaj-79	233	4	sbida	sbida	PROPN
emaj-79	233	5	conference	conference	NOUN
emaj-79	233	6	.	.	PUNCT
emaj-79	234	1	n.p	n.p	PROPN
emaj-79	234	2	.	.	PROPN
emaj-79	234	3	little	little	ADJ
emaj-79	234	4	,	,	PUNCT
emaj-79	234	5	p.	p.	NOUN
emaj-79	234	6	,	,	PUNCT
emaj-79	234	7	little	little	PROPN
emaj-79	234	8	,	,	PUNCT
emaj-79	234	9	b.	b.	PROPN
emaj-79	234	10	and	and	CCONJ
emaj-79	234	11	coffee	coffee	NOUN
emaj-79	234	12	,	,	PUNCT
emaj-79	234	13	d.	d.	PROPN
emaj-79	234	14	(	(	PUNCT
emaj-79	234	15	2009	2009	NUM
emaj-79	234	16	)	)	PUNCT
emaj-79	234	17	.	.	PUNCT
emaj-79	235	1	evaluating	evaluate	VERB
emaj-79	235	2	alternative	alternative	ADJ
emaj-79	235	3	strategies	strategy	NOUN
emaj-79	235	4	in	in	ADP
emaj-79	235	5	the	the	DET
emaj-79	235	6	retail	retail	ADJ
emaj-79	235	7	industry	industry	NOUN
emaj-79	235	8	.	.	PUNCT
emaj-79	236	1	academy	academy	NOUN
emaj-79	236	2	of	of	ADP
emaj-79	236	3	strategic	strategic	ADJ
emaj-79	236	4	management	management	NOUN
emaj-79	236	5	journal	journal	NOUN
emaj-79	236	6	;	;	PUNCT
emaj-79	236	7	vol	vol	NOUN
emaj-79	236	8	.	.	PROPN
emaj-79	236	9	8	8	NUM
emaj-79	236	10	,	,	PUNCT
emaj-79	236	11	41	41	NUM
emaj-79	236	12	-	-	SYM
emaj-79	236	13	53	53	NUM
emaj-79	236	14	.	.	PUNCT
emaj-79	237	1	little	little	ADJ
emaj-79	237	2	,	,	PUNCT
emaj-79	237	3	p.l	p.l	PROPN
emaj-79	237	4	.	.	PROPN
emaj-79	237	5	,	,	PUNCT
emaj-79	237	6	mortimer	mortimer	PROPN
emaj-79	237	7	,	,	PUNCT
emaj-79	237	8	w.j	w.j	PROPN
emaj-79	237	9	.	.	PROPN
emaj-79	237	10	,	,	PUNCT
emaj-79	237	11	keene	keene	PROPN
emaj-79	237	12	,	,	PUNCT
emaj-79	237	13	m.a	m.a	PROPN
emaj-79	237	14	.	.	PROPN
emaj-79	237	15	,	,	PUNCT
emaj-79	237	16	and	and	CCONJ
emaj-79	237	17	henderson	henderson	PROPN
emaj-79	237	18	,	,	PUNCT
emaj-79	237	19	l.r	l.r	PROPN
emaj-79	237	20	.	.	PROPN
emaj-79	237	21	(	(	PUNCT
emaj-79	237	22	2009	2009	NUM
emaj-79	237	23	)	)	PUNCT
emaj-79	237	24	.	.	PUNCT
emaj-79	238	1	evaluating	evaluate	VERB
emaj-79	238	2	the	the	DET
emaj-79	238	3	effect	effect	NOUN
emaj-79	238	4	of	of	ADP
emaj-79	238	5	recession	recession	NOUN
emaj-79	238	6	on	on	ADP
emaj-79	238	7	retail	retail	ADJ
emaj-79	238	8	firms	firm	NOUN
emaj-79	238	9	’	'	PUNCT
emaj-79	238	10	strategy	strategy	NOUN
emaj-79	238	11	using	use	VERB
emaj-79	238	12	dupont	dupont	NOUN
emaj-79	238	13	method	method	NOUN
emaj-79	238	14	.	.	PUNCT
emaj-79	239	1	journal	journal	NOUN
emaj-79	239	2	of	of	ADP
emaj-79	239	3	financial	financial	ADJ
emaj-79	239	4	and	and	CCONJ
emaj-79	239	5	quantitative	quantitative	ADJ
emaj-79	239	6	analysis	analysis	NOUN
emaj-79	239	7	,	,	PUNCT
emaj-79	239	8	vol	vol	NOUN
emaj-79	239	9	.	.	PROPN
emaj-79	239	10	38	38	NUM
emaj-79	239	11	,	,	PUNCT
emaj-79	239	12	(	(	PUNCT
emaj-79	239	13	1	1	NUM
emaj-79	239	14	)	)	PUNCT
emaj-79	239	15	,	,	PUNCT
emaj-79	239	16	1	1	NUM
emaj-79	239	17	-	-	SYM
emaj-79	239	18	36	36	NUM
emaj-79	239	19	.	.	PUNCT
emaj-79	240	1	volume	volume	NOUN
emaj-79	240	2	5	5	NUM
emaj-79	240	3	no	no	DET
emaj-79	240	4	2	2	NUM
emaj-79	240	5	(	(	PUNCT
emaj-79	240	6	2015	2015	NUM
emaj-79	240	7	)	)	PUNCT
emaj-79	240	8	|	|	ADV
emaj-79	240	9	issn	issn	VERB
emaj-79	240	10	2158	2158	NUM
emaj-79	240	11	-	-	SYM
emaj-79	240	12	8708	8708	NUM
emaj-79	240	13	(	(	PUNCT
emaj-79	240	14	online	online	NOUN
emaj-79	240	15	)	)	PUNCT
emaj-79	240	16	|	|	ADV
emaj-79	240	17	doi	doi	X
emaj-79	240	18	10.5195	10.5195	NUM
emaj-79	240	19	/	/	SYM
emaj-79	240	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	240	21	|	|	ADV
emaj-79	240	22	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	240	23	evaluating	evaluate	VERB
emaj-79	240	24	banking	banking	NOUN
emaj-79	240	25	profit	profit	NOUN
emaj-79	240	26	performance	performance	NOUN
emaj-79	240	27	in	in	ADP
emaj-79	240	28	ghana	ghana	PROPN
emaj-79	240	29	during	during	ADP
emaj-79	240	30	and	and	CCONJ
emaj-79	240	31	post	post	VERB
emaj-79	240	32	profit	profit	NOUN
emaj-79	240	33	decline	decline	NOUN
emaj-79	240	34	:	:	PUNCT
emaj-79	240	35	a	a	DET
emaj-79	240	36	five	five	NUM
emaj-79	240	37	step	step	NOUN
emaj-79	240	38	du	du	ADJ
emaj-79	240	39	-	-	ADJ
emaj-79	240	40	pont	pont	ADJ
emaj-79	240	41	approach	approach	NOUN
emaj-79	240	42	page	page	NOUN
emaj-79	240	43	|38|	|38|	ADJ
emaj-79	240	44	emerging	emerge	VERB
emaj-79	240	45	markets	market	NOUN
emaj-79	240	46	journal	journal	NOUN
emaj-79	240	47	macay	macay	NOUN
emaj-79	240	48	,	,	PUNCT
emaj-79	240	49	j.	j.	PROPN
emaj-79	240	50	r.	r.	PROPN
emaj-79	240	51	,	,	PUNCT
emaj-79	240	52	&	&	CCONJ
emaj-79	240	53	o’hara	o’hara	NOUN
emaj-79	240	54	,	,	PUNCT
emaj-79	240	55	m.	m.	NOUN
emaj-79	240	56	(	(	PUNCT
emaj-79	240	57	2003	2003	NUM
emaj-79	240	58	)	)	PUNCT
emaj-79	240	59	.	.	PUNCT
emaj-79	241	1	the	the	DET
emaj-79	241	2	corporate	corporate	ADJ
emaj-79	241	3	governance	governance	NOUN
emaj-79	241	4	of	of	ADP
emaj-79	241	5	banks	bank	NOUN
emaj-79	241	6	.	.	PUNCT
emaj-79	242	1	federal	federal	PROPN
emaj-79	242	2	reserve	reserve	PROPN
emaj-79	242	3	bank	bank	PROPN
emaj-79	242	4	of	of	ADP
emaj-79	242	5	new	new	PROPN
emaj-79	242	6	york	york	PROPN
emaj-79	242	7	economic	economic	ADJ
emaj-79	242	8	policy	policy	NOUN
emaj-79	242	9	review	review	NOUN
emaj-79	242	10	,	,	PUNCT
emaj-79	242	11	9	9	NUM
emaj-79	242	12	,	,	PUNCT
emaj-79	242	13	1	1	NUM
emaj-79	242	14	,	,	PUNCT
emaj-79	242	15	91	91	NUM
emaj-79	242	16	-	-	SYM
emaj-79	242	17	107	107	NUM
emaj-79	242	18	mark	mark	NOUN
emaj-79	242	19	,	,	PUNCT
emaj-79	242	20	t.s	t.s	PROPN
emaj-79	242	21	.	.	PROPN
emaj-79	242	22	(	(	PUNCT
emaj-79	242	23	2008	2008	NUM
emaj-79	242	24	)	)	PUNCT
emaj-79	242	25	.	.	PUNCT
emaj-79	243	1	the	the	DET
emaj-79	243	2	use	use	NOUN
emaj-79	243	3	of	of	ADP
emaj-79	243	4	dupont	dupont	NOUN
emaj-79	243	5	analysis	analysis	NOUN
emaj-79	243	6	by	by	ADP
emaj-79	243	7	market	market	NOUN
emaj-79	243	8	participants	participant	NOUN
emaj-79	243	9	.	.	PUNCT
emaj-79	244	1	“	"	PUNCT
emaj-79	244	2	the	the	DET
emaj-79	244	3	accounting	accounting	NOUN
emaj-79	244	4	review	review	NOUN
emaj-79	244	5	”	"	PUNCT
emaj-79	244	6	,	,	PUNCT
emaj-79	244	7	vol	vol	NOUN
emaj-79	244	8	.	.	PROPN
emaj-79	244	9	83	83	NUM
emaj-79	244	10	,	,	PUNCT
emaj-79	244	11	(	(	PUNCT
emaj-79	244	12	3	3	NUM
emaj-79	244	13	)	)	PUNCT
emaj-79	244	14	,	,	PUNCT
emaj-79	244	15	307	307	NUM
emaj-79	244	16	-	-	SYM
emaj-79	244	17	320	320	NUM
emaj-79	244	18	.	.	PUNCT
emaj-79	244	19	mcclure	mcclure	PROPN
emaj-79	244	20	,	,	PUNCT
emaj-79	244	21	b.	b.	PROPN
emaj-79	244	22	(	(	PUNCT
emaj-79	244	23	2005	2005	NUM
emaj-79	244	24	)	)	PUNCT
emaj-79	244	25	.	.	PUNCT
emaj-79	245	1	roa	roa	PROPN
emaj-79	245	2	and	and	CCONJ
emaj-79	245	3	roe	roe	PROPN
emaj-79	245	4	give	give	VERB
emaj-79	245	5	clear	clear	ADJ
emaj-79	245	6	picture	picture	NOUN
emaj-79	245	7	of	of	ADP
emaj-79	245	8	corporate	corporate	ADJ
emaj-79	245	9	health	health	NOUN
emaj-79	245	10	http://www.investopedia.com/articles/bas	http://www.investopedia.com/articles/bas	PROPN
emaj-79	245	11	ics/05/052005	ics/05/052005	PROPN
emaj-79	245	12	.	.	PUNCT
emaj-79	246	1	mehra	mehra	PROPN
emaj-79	246	2	,	,	PUNCT
emaj-79	246	3	r.	r.	PROPN
emaj-79	246	4	(	(	PUNCT
emaj-79	246	5	2006	2006	NUM
emaj-79	246	6	)	)	PUNCT
emaj-79	246	7	.	.	PUNCT
emaj-79	247	1	the	the	DET
emaj-79	247	2	equity	equity	NOUN
emaj-79	247	3	premium	premium	NOUN
emaj-79	247	4	in	in	ADP
emaj-79	247	5	india	india	PROPN
emaj-79	247	6	,	,	PUNCT
emaj-79	247	7	managerial	managerial	ADJ
emaj-79	247	8	auditing	auditing	NOUN
emaj-79	247	9	journal	journal	NOUN
emaj-79	247	10	,	,	PUNCT
emaj-79	247	11	vol	vol	NOUN
emaj-79	247	12	.	.	PROPN
emaj-79	247	13	23	23	NUM
emaj-79	247	14	,	,	PUNCT
emaj-79	247	15	(	(	PUNCT
emaj-79	247	16	8)	8)	NUM
emaj-79	247	17	,	,	PUNCT
emaj-79	247	18	744	744	NUM
emaj-79	247	19	-	-	SYM
emaj-79	247	20	778	778	NUM
emaj-79	247	21	.	.	PUNCT
emaj-79	248	1	mihaela	mihaela	PROPN
emaj-79	248	2	,	,	PUNCT
emaj-79	248	3	h.	h.	PROPN
emaj-79	248	4	,	,	PUNCT
emaj-79	248	5	claudia	claudia	PROPN
emaj-79	248	6	,	,	PUNCT
emaj-79	248	7	o.	o.	PROPN
emaj-79	248	8	,	,	PUNCT
emaj-79	248	9	and	and	CCONJ
emaj-79	248	10	lucian	lucian	PROPN
emaj-79	248	11	,	,	PUNCT
emaj-79	248	12	b.	b.	PROPN
emaj-79	248	13	(	(	PUNCT
emaj-79	248	14	2011	2011	NUM
emaj-79	248	15	)	)	PUNCT
emaj-79	248	16	.	.	PUNCT
emaj-79	249	1	a	a	DET
emaj-79	249	2	du	du	PROPN
emaj-79	249	3	pont	pont	NOUN
emaj-79	249	4	analysis	analysis	NOUN
emaj-79	249	5	of	of	ADP
emaj-79	249	6	the	the	DET
emaj-79	249	7	20	20	NUM
emaj-79	249	8	most	most	ADV
emaj-79	249	9	profitable	profitable	ADJ
emaj-79	249	10	companies	company	NOUN
emaj-79	249	11	in	in	ADP
emaj-79	249	12	the	the	DET
emaj-79	249	13	world	world	NOUN
emaj-79	249	14	.	.	PUNCT
emaj-79	250	1	international	international	ADJ
emaj-79	250	2	conference	conference	NOUN
emaj-79	250	3	on	on	ADP
emaj-79	250	4	business	business	NOUN
emaj-79	250	5	and	and	CCONJ
emaj-79	250	6	economics	economic	NOUN
emaj-79	250	7	research	research	NOUN
emaj-79	250	8	,	,	PUNCT
emaj-79	250	9	vol.1	vol.1	PROPN
emaj-79	250	10	,	,	PUNCT
emaj-79	250	11	(	(	PUNCT
emaj-79	250	12	2	2	NUM
emaj-79	250	13	)	)	PUNCT
emaj-79	250	14	,	,	PUNCT
emaj-79	250	15	87–106	87–106	PROPN
emaj-79	250	16	.	.	PUNCT
emaj-79	251	1	modigliani	modigliani	PROPN
emaj-79	251	2	,	,	PUNCT
emaj-79	251	3	f.	f.	PROPN
emaj-79	251	4	,	,	PUNCT
emaj-79	251	5	&	&	CCONJ
emaj-79	251	6	miller	miller	PROPN
emaj-79	251	7	,	,	PUNCT
emaj-79	251	8	m.	m.	NOUN
emaj-79	251	9	h.	h.	PROPN
emaj-79	251	10	(	(	PUNCT
emaj-79	251	11	1958	1958	NUM
emaj-79	251	12	)	)	PUNCT
emaj-79	251	13	.	.	PUNCT
emaj-79	252	1	the	the	DET
emaj-79	252	2	cost	cost	NOUN
emaj-79	252	3	of	of	ADP
emaj-79	252	4	capital	capital	NOUN
emaj-79	252	5	,	,	PUNCT
emaj-79	252	6	corporation	corporation	NOUN
emaj-79	252	7	finance	finance	NOUN
emaj-79	252	8	and	and	CCONJ
emaj-79	252	9	the	the	DET
emaj-79	252	10	theory	theory	NOUN
emaj-79	252	11	of	of	ADP
emaj-79	252	12	investment	investment	NOUN
emaj-79	252	13	.	.	PUNCT
emaj-79	253	1	the	the	DET
emaj-79	253	2	american	american	PROPN
emaj-79	253	3	economic	economic	PROPN
emaj-79	253	4	review	review	PROPN
emaj-79	253	5	,	,	PUNCT
emaj-79	253	6	48(3	48(3	PROPN
emaj-79	253	7	)	)	PUNCT
emaj-79	253	8	,	,	PUNCT
emaj-79	253	9	261	261	NUM
emaj-79	253	10	-	-	SYM
emaj-79	253	11	297	297	NUM
emaj-79	253	12	.	.	PUNCT
emaj-79	254	1	moss	moss	NOUN
emaj-79	254	2	,	,	PUNCT
emaj-79	254	3	c.b	c.b	PROPN
emaj-79	254	4	.	.	PROPN
emaj-79	254	5	,	,	PUNCT
emaj-79	254	6	mishra	mishra	PROPN
emaj-79	254	7	,	,	PUNCT
emaj-79	254	8	a.k	a.k	PROPN
emaj-79	254	9	.	.	PROPN
emaj-79	254	10	and	and	CCONJ
emaj-79	254	11	dedah	dedah	PROPN
emaj-79	254	12	,	,	PUNCT
emaj-79	254	13	c.	c.	NOUN
emaj-79	254	14	(	(	PUNCT
emaj-79	254	15	2000	2000	NUM
emaj-79	254	16	)	)	PUNCT
emaj-79	254	17	.	.	PUNCT
emaj-79	255	1	decomposing	decompose	VERB
emaj-79	255	2	agricultural	agricultural	ADJ
emaj-79	255	3	profitability	profitability	NOUN
emaj-79	255	4	using	use	VERB
emaj-79	255	5	dupont	dupont	NOUN
emaj-79	255	6	expansion	expansion	NOUN
emaj-79	255	7	and	and	CCONJ
emaj-79	255	8	thiele	thiele	PROPN
emaj-79	255	9	’s	’s	PART
emaj-79	255	10	information	information	NOUN
emaj-79	255	11	approach	approach	NOUN
emaj-79	255	12	.	.	PUNCT
emaj-79	256	1	asia	asia	PROPN
emaj-79	256	2	pacific	pacific	PROPN
emaj-79	256	3	journal	journal	PROPN
emaj-79	256	4	of	of	ADP
emaj-79	256	5	management	management	NOUN
emaj-79	256	6	,	,	PUNCT
emaj-79	256	7	(	(	PUNCT
emaj-79	256	8	22	22	NUM
emaj-79	256	9	)	)	PUNCT
emaj-79	256	10	,	,	PUNCT
emaj-79	256	11	257–283	257–283	NUM
emaj-79	256	12	.	.	PUNCT
emaj-79	257	1	moyer	moyer	PROPN
emaj-79	257	2	,	,	PUNCT
emaj-79	257	3	c.	c.	PROPN
emaj-79	257	4	,	,	PUNCT
emaj-79	257	5	mcguigan	mcguigan	PROPN
emaj-79	257	6	,	,	PUNCT
emaj-79	257	7	j.	j.	PROPN
emaj-79	257	8	and	and	CCONJ
emaj-79	257	9	rao	rao	PROPN
emaj-79	257	10	,	,	PUNCT
emaj-79	257	11	r.	r.	PROPN
emaj-79	257	12	(	(	PUNCT
emaj-79	257	13	2007	2007	NUM
emaj-79	257	14	)	)	PUNCT
emaj-79	257	15	.	.	PUNCT
emaj-79	258	1	fundamentals	fundamental	NOUN
emaj-79	258	2	of	of	ADP
emaj-79	258	3	contemporary	contemporary	ADJ
emaj-79	258	4	financial	financial	ADJ
emaj-79	258	5	management	management	NOUN
emaj-79	258	6	.	.	PUNCT
emaj-79	259	1	thomson	thomson	PROPN
emaj-79	259	2	south	south	PROPN
emaj-79	259	3	-	-	PUNCT
emaj-79	259	4	western	western	ADJ
emaj-79	259	5	,	,	PUNCT
emaj-79	259	6	usa	usa	PROPN
emaj-79	259	7	,	,	PUNCT
emaj-79	259	8	2007	2007	NUM
emaj-79	259	9	,	,	PUNCT
emaj-79	259	10	pp.113	pp.113	PROPN
emaj-79	259	11	.	.	PROPN
emaj-79	259	12	nissim	nissim	PROPN
emaj-79	259	13	,	,	PUNCT
emaj-79	259	14	d.	d.	PROPN
emaj-79	259	15	,	,	PUNCT
emaj-79	259	16	&	&	CCONJ
emaj-79	259	17	penman	penman	PROPN
emaj-79	259	18	,	,	PUNCT
emaj-79	259	19	s.	s.	PROPN
emaj-79	259	20	(	(	PUNCT
emaj-79	259	21	2001	2001	NUM
emaj-79	259	22	)	)	PUNCT
emaj-79	259	23	.	.	PUNCT
emaj-79	260	1	ratio	ratio	NOUN
emaj-79	260	2	analysis	analysis	NOUN
emaj-79	260	3	and	and	CCONJ
emaj-79	260	4	valuation	valuation	NOUN
emaj-79	260	5	:	:	PUNCT
emaj-79	260	6	from	from	ADP
emaj-79	260	7	research	research	NOUN
emaj-79	260	8	to	to	ADP
emaj-79	260	9	practice	practice	NOUN
emaj-79	260	10	.	.	PUNCT
emaj-79	261	1	review	review	NOUN
emaj-79	261	2	of	of	ADP
emaj-79	261	3	accounting	accounting	NOUN
emaj-79	261	4	studies	study	NOUN
emaj-79	261	5	,	,	PUNCT
emaj-79	261	6	6	6	NUM
emaj-79	261	7	,	,	PUNCT
emaj-79	261	8	109154	109154	NUM
emaj-79	261	9	.	.	PUNCT
emaj-79	262	1	http://dx.doi.org/10.1023/a:10113382216	http://dx.doi.org/10.1023/a:10113382216	NOUN
emaj-79	262	2	23	23	NUM
emaj-79	262	3	osteryoung	osteryoung	ADJ
emaj-79	262	4	,	,	PUNCT
emaj-79	262	5	j.	j.	PROPN
emaj-79	262	6	and	and	CCONJ
emaj-79	262	7	constand	constand	PROPN
emaj-79	262	8	,	,	PUNCT
emaj-79	262	9	r.	r.	PROPN
emaj-79	262	10	(	(	PUNCT
emaj-79	262	11	1992	1992	NUM
emaj-79	262	12	)	)	PUNCT
emaj-79	262	13	.	.	PUNCT
emaj-79	263	1	financial	financial	ADJ
emaj-79	263	2	ratios	ratio	NOUN
emaj-79	263	3	in	in	ADP
emaj-79	263	4	large	large	ADJ
emaj-79	263	5	public	public	ADJ
emaj-79	263	6	and	and	CCONJ
emaj-79	263	7	small	small	ADJ
emaj-79	263	8	private	private	ADJ
emaj-79	263	9	firms	firm	NOUN
emaj-79	263	10	,	,	PUNCT
emaj-79	263	11	journal	journal	NOUN
emaj-79	263	12	of	of	ADP
emaj-79	263	13	small	small	ADJ
emaj-79	263	14	business	business	NOUN
emaj-79	263	15	management	management	NOUN
emaj-79	263	16	,	,	PUNCT
emaj-79	263	17	july	july	PROPN
emaj-79	263	18	,	,	PUNCT
emaj-79	263	19	1992	1992	NUM
emaj-79	263	20	,	,	PUNCT
emaj-79	263	21	pp	pp	ADJ
emaj-79	263	22	.	.	PUNCT
emaj-79	264	1	35	35	NUM
emaj-79	264	2	-	-	SYM
emaj-79	264	3	47	47	NUM
emaj-79	264	4	.	.	PUNCT
emaj-79	264	5	palepu	palepu	NOUN
emaj-79	264	6	,	,	PUNCT
emaj-79	264	7	k.	k.	PROPN
emaj-79	264	8	,	,	PUNCT
emaj-79	264	9	&	&	CCONJ
emaj-79	264	10	healy	healy	PROPN
emaj-79	264	11	,	,	PUNCT
emaj-79	264	12	p.	p.	PROPN
emaj-79	264	13	(	(	PUNCT
emaj-79	264	14	2008	2008	NUM
emaj-79	264	15	)	)	PUNCT
emaj-79	264	16	.	.	PUNCT
emaj-79	265	1	business	business	NOUN
emaj-79	265	2	analysis	analysis	NOUN
emaj-79	265	3	and	and	CCONJ
emaj-79	265	4	valuation	valuation	NOUN
emaj-79	265	5	:	:	PUNCT
emaj-79	265	6	using	use	VERB
emaj-79	265	7	financial	financial	ADJ
emaj-79	265	8	statements	statement	NOUN
emaj-79	265	9	(	(	PUNCT
emaj-79	265	10	fourth	fourth	ADJ
emaj-79	265	11	edition	edition	NOUN
emaj-79	265	12	)	)	PUNCT
emaj-79	265	13	.	.	PUNCT
emaj-79	266	1	mason	mason	PROPN
emaj-79	266	2	,	,	PUNCT
emaj-79	266	3	oh	oh	INTJ
emaj-79	266	4	:	:	PUNCT
emaj-79	266	5	thomson	thomson	PROPN
emaj-79	266	6	southwestern	southwestern	PROPN
emaj-79	266	7	.	.	PUNCT
emaj-79	267	1	pratt	pratt	PROPN
emaj-79	267	2	,	,	PUNCT
emaj-79	267	3	j.	j.	PROPN
emaj-79	267	4	,	,	PUNCT
emaj-79	267	5	&	&	CCONJ
emaj-79	267	6	hirst	hirst	PROPN
emaj-79	267	7	,	,	PUNCT
emaj-79	267	8	d.	d.	PROPN
emaj-79	267	9	(	(	PUNCT
emaj-79	267	10	2008	2008	NUM
emaj-79	267	11	)	)	PUNCT
emaj-79	267	12	.	.	PUNCT
emaj-79	268	1	financial	financial	ADJ
emaj-79	268	2	reporting	reporting	NOUN
emaj-79	268	3	for	for	ADP
emaj-79	268	4	managers	manager	NOUN
emaj-79	268	5	:	:	PUNCT
emaj-79	268	6	a	a	DET
emaj-79	268	7	value	value	NOUN
emaj-79	268	8	-	-	PUNCT
emaj-79	268	9	creation	creation	NOUN
emaj-79	268	10	perspective	perspective	NOUN
emaj-79	268	11	.	.	PUNCT
emaj-79	269	1	new	new	PROPN
emaj-79	269	2	york	york	PROPN
emaj-79	269	3	,	,	PUNCT
emaj-79	269	4	ny	ny	PROPN
emaj-79	269	5	,	,	PUNCT
emaj-79	269	6	wiley	wiley	PROPN
emaj-79	269	7	.	.	PUNCT
emaj-79	270	1	volume	volume	NOUN
emaj-79	270	2	5	5	NUM
emaj-79	270	3	no	no	DET
emaj-79	270	4	2	2	NUM
emaj-79	270	5	(	(	PUNCT
emaj-79	270	6	2015	2015	NUM
emaj-79	270	7	)	)	PUNCT
emaj-79	270	8	|	|	ADV
emaj-79	270	9	issn	issn	VERB
emaj-79	270	10	2158	2158	NUM
emaj-79	270	11	-	-	SYM
emaj-79	270	12	8708	8708	NUM
emaj-79	270	13	(	(	PUNCT
emaj-79	270	14	online	online	NOUN
emaj-79	270	15	)	)	PUNCT
emaj-79	270	16	|	|	ADV
emaj-79	270	17	doi	doi	X
emaj-79	270	18	10.5195	10.5195	NUM
emaj-79	270	19	/	/	SYM
emaj-79	270	20	emaj.2015.79	emaj.2015.79	VERB
emaj-79	270	21	|	|	ADV
emaj-79	270	22	http://emaj.pitt.edu	http://emaj.pitt.edu	VERB
emaj-79	270	23	baah	baah	PROPN
emaj-79	270	24	aye	aye	PROPN
emaj-79	270	25	kusi	kusi	PROPN
emaj-79	270	26	,	,	PUNCT
emaj-79	270	27	kwadjo	kwadjo	PROPN
emaj-79	270	28	ansah	ansah	PROPN
emaj-79	270	29	-	-	PUNCT
emaj-79	270	30	adu	adu	PROPN
emaj-79	270	31	,	,	PUNCT
emaj-79	270	32	albert	albert	PROPN
emaj-79	270	33	agyei	agyei	PROPN
emaj-79	270	34	emerging	emerge	VERB
emaj-79	270	35	markets	market	NOUN
emaj-79	270	36	journal	journal	NOUN
emaj-79	270	37	|	|	ADV
emaj-79	270	38	p	p	NOUN
emaj-79	270	39	a	a	DET
emaj-79	270	40	g	g	NOUN
emaj-79	270	41	e	e	NOUN
emaj-79	270	42	|39	|39	ADJ
emaj-79	270	43	richardson	richardson	PROPN
emaj-79	270	44	,	,	PUNCT
emaj-79	270	45	s.	s.	PROPN
emaj-79	270	46	,	,	PUNCT
emaj-79	270	47	sloan	sloan	PROPN
emaj-79	270	48	,	,	PUNCT
emaj-79	270	49	r.	r.	PROPN
emaj-79	270	50	,	,	PUNCT
emaj-79	270	51	soliman	soliman	NOUN
emaj-79	270	52	,	,	PUNCT
emaj-79	270	53	m.	m.	NOUN
emaj-79	270	54	and	and	CCONJ
emaj-79	270	55	tuna	tuna	NOUN
emaj-79	270	56	,	,	PUNCT
emaj-79	270	57	i.	i.	NOUN
emaj-79	270	58	(	(	PUNCT
emaj-79	270	59	2006	2006	NUM
emaj-79	270	60	)	)	PUNCT
emaj-79	270	61	.	.	PUNCT
emaj-79	271	1	the	the	DET
emaj-79	271	2	implications	implication	NOUN
emaj-79	271	3	of	of	ADP
emaj-79	271	4	firm	firm	ADJ
emaj-79	271	5	growth	growth	NOUN
emaj-79	271	6	and	and	CCONJ
emaj-79	271	7	accounting	accounting	NOUN
emaj-79	271	8	distortions	distortion	NOUN
emaj-79	271	9	for	for	ADP
emaj-79	271	10	accruals	accrual	NOUN
emaj-79	271	11	and	and	CCONJ
emaj-79	271	12	profitability	profitability	NOUN
emaj-79	271	13	.	.	PUNCT
emaj-79	272	1	the	the	DET
emaj-79	272	2	accounting	accounting	NOUN
emaj-79	272	3	review	review	NOUN
emaj-79	272	4	81	81	NUM
emaj-79	272	5	:	:	PUNCT
emaj-79	272	6	713–743	713–743	NUM
emaj-79	272	7	.	.	PUNCT
emaj-79	272	8	ross	ross	PROPN
emaj-79	272	9	,	,	PUNCT
emaj-79	272	10	s.	s.	PROPN
emaj-79	272	11	,	,	PUNCT
emaj-79	272	12	westerfield	westerfield	PROPN
emaj-79	272	13	,	,	PUNCT
emaj-79	272	14	r.	r.	PROPN
emaj-79	272	15	,	,	PUNCT
emaj-79	272	16	jaffe	jaffe	PROPN
emaj-79	272	17	,	,	PUNCT
emaj-79	272	18	j.	j.	PROPN
emaj-79	272	19	and	and	CCONJ
emaj-79	272	20	jordan	jordan	PROPN
emaj-79	272	21	,	,	PUNCT
emaj-79	272	22	b.	b.	PROPN
emaj-79	272	23	(	(	PUNCT
emaj-79	272	24	2008	2008	NUM
emaj-79	272	25	)	)	PUNCT
emaj-79	272	26	.	.	PUNCT
emaj-79	273	1	modern	modern	ADJ
emaj-79	273	2	financial	financial	ADJ
emaj-79	273	3	management	management	NOUN
emaj-79	273	4	,	,	PUNCT
emaj-79	273	5	eighth	eighth	PROPN
emaj-79	273	6	edition	edition	NOUN
emaj-79	273	7	.	.	PUNCT
emaj-79	274	1	mcgraw	mcgraw	PROPN
emaj-79	274	2	hill	hill	PROPN
emaj-79	274	3	,	,	PUNCT
emaj-79	274	4	new	new	PROPN
emaj-79	274	5	york	york	PROPN
emaj-79	274	6	,	,	PUNCT
emaj-79	274	7	2008	2008	NUM
emaj-79	274	8	,	,	PUNCT
emaj-79	274	9	pp	pp	ADJ
emaj-79	274	10	.	.	PUNCT
emaj-79	275	1	53	53	NUM
emaj-79	275	2	.	.	PUNCT
emaj-79	275	3	selvarasu	selvarasu	PROPN
emaj-79	275	4	,	,	PUNCT
emaj-79	275	5	a.	a.	PROPN
emaj-79	275	6	,	,	PUNCT
emaj-79	275	7	agarwal	agarwal	PROPN
emaj-79	275	8	,	,	PUNCT
emaj-79	275	9	y.	y.	PROPN
emaj-79	275	10	,	,	PUNCT
emaj-79	275	11	antonio	antonio	PROPN
emaj-79	275	12	,	,	PUNCT
emaj-79	275	13	f.	f.	PROPN
emaj-79	275	14	,	,	PUNCT
emaj-79	275	15	jha	jha	PROPN
emaj-79	275	16	,	,	PUNCT
emaj-79	275	17	w.	w.	PROPN
emaj-79	275	18	,	,	PUNCT
emaj-79	275	19	and	and	CCONJ
emaj-79	275	20	ferreira	ferreira	PROPN
emaj-79	275	21	,	,	PUNCT
emaj-79	275	22	m.	m.	NOUN
emaj-79	275	23	(	(	PUNCT
emaj-79	275	24	2010	2010	NUM
emaj-79	275	25	)	)	PUNCT
emaj-79	275	26	,	,	PUNCT
emaj-79	275	27	model	model	NOUN
emaj-79	275	28	predicting	predict	VERB
emaj-79	275	29	profit	profit	NOUN
emaj-79	275	30	and	and	CCONJ
emaj-79	275	31	turnover	turnover	NOUN
emaj-79	275	32	path	path	NOUN
emaj-79	275	33	of	of	ADP
emaj-79	275	34	apparel	apparel	NOUN
emaj-79	275	35	-	-	PUNCT
emaj-79	275	36	retail	retail	ADJ
emaj-79	275	37	company	company	NOUN
emaj-79	275	38	,	,	PUNCT
emaj-79	275	39	journal	journal	NOUN
emaj-79	275	40	of	of	ADP
emaj-79	275	41	economics	economic	NOUN
emaj-79	275	42	and	and	CCONJ
emaj-79	275	43	engineering	engineering	NOUN
emaj-79	275	44	,	,	PUNCT
emaj-79	275	45	vol	vol	NOUN
emaj-79	275	46	.	.	PROPN
emaj-79	275	47	1	1	NUM
emaj-79	275	48	,	,	PUNCT
emaj-79	275	49	(	(	PUNCT
emaj-79	275	50	7	7	NUM
emaj-79	275	51	)	)	PUNCT
emaj-79	275	52	,	,	PUNCT
emaj-79	275	53	631	631	NUM
emaj-79	275	54	-	-	SYM
emaj-79	275	55	649	649	NUM
emaj-79	275	56	.	.	PUNCT
emaj-79	276	1	soliman	soliman	NOUN
emaj-79	276	2	,	,	PUNCT
emaj-79	276	3	m.	m.	NOUN
emaj-79	276	4	(	(	PUNCT
emaj-79	276	5	2004	2004	NUM
emaj-79	276	6	)	)	PUNCT
emaj-79	276	7	.	.	PUNCT
emaj-79	277	1	using	use	VERB
emaj-79	277	2	industry	industry	NOUN
emaj-79	277	3	-	-	PUNCT
emaj-79	277	4	adjusted	adjust	VERB
emaj-79	277	5	du	du	NOUN
emaj-79	277	6	pont	pont	NOUN
emaj-79	277	7	analysis	analysis	NOUN
emaj-79	277	8	to	to	PART
emaj-79	277	9	predict	predict	VERB
emaj-79	277	10	future	future	ADJ
emaj-79	277	11	profitability	profitability	NOUN
emaj-79	277	12	and	and	CCONJ
emaj-79	277	13	returns	return	NOUN
emaj-79	277	14	.	.	PUNCT
emaj-79	278	1	ph.d	ph.d	PROPN
emaj-79	278	2	.	.	PUNCT
emaj-79	279	1	dissertation	dissertation	NOUN
emaj-79	279	2	,	,	PUNCT
emaj-79	279	3	university	university	NOUN
emaj-79	279	4	of	of	ADP
emaj-79	279	5	michigan	michigan	PROPN
emaj-79	279	6	.	.	PUNCT
emaj-79	280	1	http://dx.doi.org/10.2308/accr.2008.83.3	http://dx.doi.org/10.2308/accr.2008.83.3	PROPN
emaj-79	280	2	.	.	PUNCT
emaj-79	280	3	823	823	NUM
emaj-79	280	4	soliman	soliman	NOUN
emaj-79	280	5	,	,	PUNCT
emaj-79	280	6	m.	m.	NOUN
emaj-79	280	7	(	(	PUNCT
emaj-79	280	8	2008	2008	NUM
emaj-79	280	9	)	)	PUNCT
emaj-79	280	10	.	.	PUNCT
emaj-79	281	1	the	the	DET
emaj-79	281	2	use	use	NOUN
emaj-79	281	3	of	of	ADP
emaj-79	281	4	du	du	PROPN
emaj-79	281	5	pont	pont	NOUN
emaj-79	281	6	analysis	analysis	NOUN
emaj-79	281	7	by	by	ADP
emaj-79	281	8	market	market	NOUN
emaj-79	281	9	participants	participant	NOUN
emaj-79	281	10	.	.	PUNCT
emaj-79	282	1	the	the	DET
emaj-79	282	2	accounting	accounting	NOUN
emaj-79	282	3	review	review	PROPN
emaj-79	282	4	,	,	PUNCT
emaj-79	282	5	83(3	83(3	NUM
emaj-79	282	6	)	)	PUNCT
emaj-79	282	7	,	,	PUNCT
emaj-79	282	8	823	823	NUM
emaj-79	282	9	-	-	SYM
emaj-79	282	10	853	853	NUM
emaj-79	282	11	.	.	PUNCT
emaj-79	283	1	weeden	weeden	PROPN
emaj-79	283	2	,	,	PUNCT
emaj-79	283	3	g.	g.	NOUN
emaj-79	283	4	and	and	CCONJ
emaj-79	283	5	langemeier	langemeier	NOUN
emaj-79	283	6	,	,	PUNCT
emaj-79	283	7	m.	m.	NOUN
emaj-79	283	8	(	(	PUNCT
emaj-79	283	9	2008	2008	NUM
emaj-79	283	10	)	)	PUNCT
emaj-79	283	11	.	.	PUNCT
emaj-79	284	1	an	an	DET
emaj-79	284	2	examination	examination	NOUN
emaj-79	284	3	of	of	ADP
emaj-79	284	4	financial	financial	ADJ
emaj-79	284	5	performance	performance	NOUN
emaj-79	284	6	among	among	ADP
emaj-79	284	7	age	age	NOUN
emaj-79	284	8	cohorts	cohort	NOUN
emaj-79	284	9	.	.	PUNCT
emaj-79	285	1	international	international	ADJ
emaj-79	285	2	review	review	NOUN
emaj-79	285	3	of	of	ADP
emaj-79	285	4	business	business	NOUN
emaj-79	285	5	research	research	NOUN
emaj-79	285	6	papers	paper	NOUN
emaj-79	285	7	,	,	PUNCT
emaj-79	285	8	vol	vol	NOUN
emaj-79	285	9	.	.	PROPN
emaj-79	285	10	4	4	NUM
emaj-79	285	11	,	,	PUNCT
emaj-79	285	12	(	(	PUNCT
emaj-79	285	13	4	4	NUM
emaj-79	285	14	)	)	PUNCT
emaj-79	285	15	,	,	PUNCT
emaj-79	285	16	190	190	NUM
emaj-79	285	17	-	-	SYM
emaj-79	285	18	198	198	NUM
emaj-79	285	19	appendix	appendix	X
emaj-79	285	20	appendix	appendix	NOUN
emaj-79	285	21	:	:	PUNCT
emaj-79	285	22	1	1	NUM
emaj-79	285	23	shapiro	shapiro	NOUN
emaj-79	285	24	-	-	PUNCT
emaj-79	285	25	wilk	wilk	NOUN
emaj-79	285	26	normality	normality	NOUN
emaj-79	285	27	test	test	NOUN
emaj-79	285	28	(	(	PUNCT
emaj-79	285	29	residual	residual	ADJ
emaj-79	285	30	during	during	ADP
emaj-79	285	31	2006	2006	NUM
emaj-79	285	32	-	-	SYM
emaj-79	285	33	2009	2009	NUM
emaj-79	285	34	)	)	PUNCT
emaj-79	285	35	variable	variable	NOUN
emaj-79	285	36	obs	obs	PROPN
emaj-79	285	37	w	w	PROPN
emaj-79	285	38	v	v	PROPN
emaj-79	285	39	z	z	PROPN
emaj-79	285	40	prob	prob	PROPN
emaj-79	285	41	>	>	PROPN
emaj-79	285	42	z	z	PROPN
emaj-79	285	43	redupre	redupre	VERB
emaj-79	285	44	56	56	NUM
emaj-79	285	45	0.94077	0.94077	NUM
emaj-79	285	46	3.047	3.047	NUM
emaj-79	285	47	2.392	2.392	NUM
emaj-79	285	48	0.00838	0.00838	NUM
emaj-79	285	49	appendix	appendix	NOUN
emaj-79	285	50	:	:	PUNCT
emaj-79	285	51	2	2	NUM
emaj-79	285	52	shapiro	shapiro	NOUN
emaj-79	285	53	-	-	PUNCT
emaj-79	285	54	wilk	wilk	NOUN
emaj-79	285	55	normality	normality	NOUN
emaj-79	285	56	test	test	NOUN
emaj-79	285	57	(	(	PUNCT
emaj-79	285	58	data	datum	NOUN
emaj-79	285	59	normality	normality	NOUN
emaj-79	285	60	during	during	ADP
emaj-79	285	61	2006	2006	NUM
emaj-79	285	62	-	-	SYM
emaj-79	285	63	2009	2009	NUM
emaj-79	285	64	)	)	PUNCT
emaj-79	285	65	variable	variable	NOUN
emaj-79	285	66	obs	obs	PROPN
emaj-79	285	67	w	w	PROPN
emaj-79	285	68	v	v	PROPN
emaj-79	285	69	z	z	PROPN
emaj-79	285	70	prob	prob	PROPN
emaj-79	285	71	>	>	PROPN
emaj-79	285	72	z	z	PROPN
emaj-79	285	73	roe	roe	PROPN
emaj-79	285	74	85	85	NUM
emaj-79	285	75	0.9232	0.9232	NUM
emaj-79	285	76	5.5400	5.5400	NUM
emaj-79	285	77	3.7640	3.7640	NUM
emaj-79	285	78	0.0001	0.0001	NUM
emaj-79	285	79	opm	opm	PROPN
emaj-79	285	80	81	81	NUM
emaj-79	285	81	0.9626	0.9626	NUM
emaj-79	285	82	2.5950	2.5950	NUM
emaj-79	285	83	2.0910	2.0910	NUM
emaj-79	285	84	0.0183	0.0183	NUM
emaj-79	285	85	ato	ato	NOUN
emaj-79	285	86	64	64	NUM
emaj-79	285	87	0.6787	0.6787	NUM
emaj-79	285	88	18.3930	18.3930	NUM
emaj-79	286	1	6.3000	6.3000	NUM
emaj-79	286	2	0.0000	0.0000	NUM
emaj-79	286	3	lr	lr	X
emaj-79	286	4	85	85	NUM
emaj-79	286	5	0.7765	0.7765	NUM
emaj-79	286	6	16.1240	16.1240	NUM
emaj-79	286	7	6.1130	6.1130	NUM
emaj-79	286	8	0.0000	0.0000	NUM
emaj-79	286	9	ib	ib	NOUN
emaj-79	286	10	83	83	NUM
emaj-79	286	11	0.1745	0.1745	NUM
emaj-79	286	12	58.4020	58.4020	NUM
emaj-79	286	13	8.9300	8.9300	NUM
emaj-79	286	14	0.0000	0.0000	NUM
emaj-79	286	15	taxeffi	taxeffi	NOUN
emaj-79	286	16	80	80	NUM
emaj-79	286	17	0.7075	0.7075	NUM
emaj-79	286	18	20.0800	20.0800	NUM
emaj-79	286	19	6.5730	6.5730	NUM
emaj-79	286	20	0.0000	0.0000	NUM
emaj-79	286	21	appendix	appendix	VERB
emaj-79	286	22	3	3	NUM
emaj-79	286	23	:	:	PUNCT
emaj-79	286	24	shapiro	shapiro	PROPN
emaj-79	286	25	-	-	PUNCT
emaj-79	286	26	wilk	wilk	NOUN
emaj-79	286	27	normality	normality	NOUN
emaj-79	286	28	test	test	NOUN
emaj-79	286	29	(	(	PUNCT
emaj-79	286	30	data	datum	NOUN
emaj-79	286	31	normality	normality	NOUN
emaj-79	286	32	during	during	ADP
emaj-79	286	33	2009	2009	NUM
emaj-79	286	34	-	-	SYM
emaj-79	286	35	2012	2012	NUM
emaj-79	286	36	)	)	PUNCT
emaj-79	286	37	obs	obs	PROPN
emaj-79	286	38	w	w	PROPN
emaj-79	286	39	v	v	PROPN
emaj-79	286	40	z	z	PROPN
emaj-79	286	41	prob	prob	PROPN
emaj-79	286	42	>	>	PROPN
emaj-79	286	43	z	z	PROPN
emaj-79	286	44	roe	roe	PROPN
emaj-79	286	45	98	98	NUM
emaj-79	286	46	0.8212	0.8212	NUM
emaj-79	286	47	14.5170	14.5170	NUM
emaj-79	287	1	5.9280	5.9280	NUM
emaj-79	287	2	0.0000	0.0000	NUM
emaj-79	287	3	opm	opm	NOUN
emaj-79	287	4	98	98	NUM
emaj-79	287	5	0.9406	0.9406	NUM
emaj-79	287	6	4.8260	4.8260	NUM
emaj-79	287	7	3.4880	3.4880	NUM
emaj-79	287	8	0.0002	0.0002	NUM
emaj-79	287	9	ato	ato	NOUN
emaj-79	287	10	87	87	NUM
emaj-79	287	11	0.7846	0.7846	NUM
emaj-79	287	12	15.8430	15.8430	NUM
emaj-79	287	13	6.0820	6.0820	NUM
emaj-79	287	14	0.0000	0.0000	NUM
emaj-79	287	15	lr	lr	VERB
emaj-79	287	16	98	98	NUM
emaj-79	287	17	0.7779	0.7779	NUM
emaj-79	287	18	18.0340	18.0340	NUM
emaj-79	287	19	6.4090	6.4090	NUM
emaj-79	287	20	0.0000	0.0000	NUM
emaj-79	287	21	ib	ib	NOUN
emaj-79	287	22	98	98	NUM
emaj-79	287	23	0.1513	0.1513	NUM
emaj-79	287	24	68.8990	68.8990	NUM
emaj-79	287	25	9.3790	9.3790	NUM
emaj-79	287	26	0.0000	0.0000	NUM
emaj-79	287	27	taxeffi	taxeffi	PROPN
emaj-79	287	28	86	86	NUM
emaj-79	287	29	0.8284	0.8284	NUM
emaj-79	287	30	12.5020	12.5020	NUM
emaj-79	287	31	5.5570	5.5570	NUM
emaj-79	287	32	0.0000	0.0000	NUM
emaj-79	287	33	appendix	appendix	VERB
emaj-79	287	34	4	4	NUM
emaj-79	287	35	:	:	PUNCT
emaj-79	287	36	shapiro	shapiro	PROPN
emaj-79	287	37	-	-	PUNCT
emaj-79	287	38	wilk	wilk	NOUN
emaj-79	287	39	normality	normality	NOUN
emaj-79	287	40	test	test	NOUN
emaj-79	287	41	(	(	PUNCT
emaj-79	287	42	residual	residual	ADJ
emaj-79	287	43	during	during	ADP
emaj-79	287	44	2009	2009	NUM
emaj-79	287	45	-	-	SYM
emaj-79	287	46	2012	2012	NUM
emaj-79	287	47	)	)	PUNCT
emaj-79	287	48	obs	obs	PROPN
emaj-79	287	49	w	w	PROPN
emaj-79	287	50	v	v	PROPN
emaj-79	287	51	z	z	PROPN
emaj-79	287	52	prob	prob	PROPN
emaj-79	287	53	>	>	PROPN
emaj-79	287	54	z	z	PROPN
emaj-79	287	55	redupost	redupost	ADJ
emaj-79	287	56	74	74	NUM
emaj-79	287	57	0.9119	0.9119	NUM
emaj-79	287	58	5.6740	5.6740	NUM
emaj-79	287	59	3.7870	3.7870	NUM
emaj-79	287	60	0.0001	0.0001	NUM
emaj-79	287	61	appendix	appendix	NOUN
emaj-79	287	62	5	5	NUM
emaj-79	287	63	:	:	PUNCT
emaj-79	287	64	heteroskedasticity	heteroskedasticity	NOUN
emaj-79	287	65	test	test	NOUN
emaj-79	287	66	for	for	ADP
emaj-79	287	67	periods	period	NOUN
emaj-79	287	68	for	for	ADP
emaj-79	287	69	profit	profit	NOUN
emaj-79	287	70	decline	decline	NOUN
emaj-79	287	71	(	(	PUNCT
emaj-79	287	72	2006	2006	NUM
emaj-79	287	73	-	-	SYM
emaj-79	287	74	2009	2009	NUM
emaj-79	287	75	)	)	PUNCT
emaj-79	287	76	breusch	breusch	PROPN
emaj-79	287	77	-	-	PUNCT
emaj-79	287	78	pagan	pagan	ADJ
emaj-79	287	79	/	/	SYM
emaj-79	287	80	cook	cook	PROPN
emaj-79	287	81	-	-	PUNCT
emaj-79	287	82	weisberg	weisberg	PROPN
emaj-79	287	83	test	test	NOUN
emaj-79	287	84	for	for	ADP
emaj-79	287	85	heteroskedasticity	heteroskedasticity	NOUN
emaj-79	287	86	ho	ho	ADJ
emaj-79	287	87	:	:	PUNCT
emaj-79	287	88	constant	constant	ADJ
emaj-79	287	89	variance	variance	NOUN
emaj-79	287	90	variables	variable	NOUN
emaj-79	287	91	:	:	PUNCT
emaj-79	287	92	fitted	fit	VERB
emaj-79	287	93	values	value	NOUN
emaj-79	287	94	of	of	ADP
emaj-79	287	95	roe	roe	NOUN
emaj-79	287	96	volume	volume	NOUN
emaj-79	287	97	5	5	NUM
emaj-79	287	98	no	no	DET
emaj-79	287	99	2	2	NUM
emaj-79	287	100	(	(	PUNCT
emaj-79	287	101	2015	2015	NUM
emaj-79	287	102	)	)	PUNCT
emaj-79	287	103	|	|	ADV
emaj-79	287	104	issn	issn	VERB
emaj-79	287	105	2158	2158	NUM
emaj-79	287	106	-	-	SYM
emaj-79	287	107	8708	8708	NUM
emaj-79	287	108	(	(	PUNCT
emaj-79	287	109	online	online	NOUN
emaj-79	287	110	)	)	PUNCT
emaj-79	287	111	|	|	ADV
emaj-79	287	112	doi	doi	X
emaj-79	287	113	10.5195	10.5195	NUM
emaj-79	287	114	/	/	SYM
emaj-79	287	115	emaj.2015.79	emaj.2015.79	VERB
emaj-79	287	116	|	|	ADV
emaj-79	287	117	http://emaj.pitt.edu	http://emaj.pitt.edu	AUX
emaj-79	287	118	evaluating	evaluate	VERB
emaj-79	287	119	banking	banking	NOUN
emaj-79	287	120	profit	profit	NOUN
emaj-79	287	121	performance	performance	NOUN
emaj-79	287	122	in	in	ADP
emaj-79	287	123	ghana	ghana	PROPN
emaj-79	287	124	during	during	ADP
emaj-79	287	125	and	and	CCONJ
emaj-79	287	126	post	post	VERB
emaj-79	287	127	profit	profit	NOUN
emaj-79	287	128	decline	decline	NOUN
emaj-79	287	129	:	:	PUNCT
emaj-79	287	130	a	a	DET
emaj-79	287	131	five	five	NUM
emaj-79	287	132	step	step	NOUN
emaj-79	287	133	du	du	ADJ
emaj-79	287	134	-	-	ADJ
emaj-79	287	135	pont	pont	ADJ
emaj-79	287	136	approach	approach	NOUN
emaj-79	287	137	page	page	NOUN
emaj-79	287	138	|40|	|40|	VERB
emaj-79	287	139	emerging	emerge	VERB
emaj-79	287	140	markets	market	NOUN
emaj-79	287	141	journal	journal	NOUN
emaj-79	287	142	chi2(1	chi2(1	NOUN
emaj-79	287	143	)	)	PUNCT
emaj-79	287	144	=	=	SYM
emaj-79	287	145	3.41	3.41	NUM
emaj-79	287	146	prob	prob	NOUN
emaj-79	287	147	>	>	X
emaj-79	287	148	chi2	chi2	PROPN
emaj-79	287	149	=	=	NOUN
emaj-79	287	150	0.0646	0.0646	NUM
emaj-79	287	151	appendix	appendix	VERB
emaj-79	287	152	6	6	NUM
emaj-79	287	153	:	:	PUNCT
emaj-79	287	154	heteroskedasticity	heteroskedasticity	NOUN
emaj-79	287	155	test	test	NOUN
emaj-79	287	156	for	for	ADP
emaj-79	287	157	post	post	NOUN
emaj-79	287	158	decline	decline	NOUN
emaj-79	287	159	(	(	PUNCT
emaj-79	287	160	2009	2009	NUM
emaj-79	287	161	-	-	SYM
emaj-79	287	162	2012	2012	NUM
emaj-79	287	163	)	)	PUNCT
emaj-79	287	164	breusch	breusch	PROPN
emaj-79	287	165	-	-	PUNCT
emaj-79	287	166	pagan	pagan	ADJ
emaj-79	287	167	/	/	SYM
emaj-79	287	168	cook	cook	PROPN
emaj-79	287	169	-	-	PUNCT
emaj-79	287	170	weisberg	weisberg	PROPN
emaj-79	287	171	test	test	NOUN
emaj-79	287	172	for	for	ADP
emaj-79	287	173	heteroskedasticity	heteroskedasticity	NOUN
emaj-79	287	174	ho	ho	ADJ
emaj-79	287	175	:	:	PUNCT
emaj-79	287	176	constant	constant	ADJ
emaj-79	287	177	variance	variance	NOUN
emaj-79	287	178	variables	variable	NOUN
emaj-79	287	179	:	:	PUNCT
emaj-79	287	180	fitted	fit	VERB
emaj-79	287	181	values	value	NOUN
emaj-79	287	182	of	of	ADP
emaj-79	287	183	roe	roe	PROPN
emaj-79	287	184	chi2(1	chi2(1	PROPN
emaj-79	287	185	)	)	PUNCT
emaj-79	287	186	=	=	SYM
emaj-79	287	187	0.33	0.33	NUM
emaj-79	287	188	prob	prob	NOUN
emaj-79	287	189	>	>	X
emaj-79	287	190	chi2	chi2	PROPN
emaj-79	287	191	=	=	PUNCT
emaj-79	287	192	0.5681	0.5681	PRON
emaj-79	287	193	appendix	appendix	VERB
emaj-79	287	194	7	7	NUM
emaj-79	287	195	:	:	PUNCT
emaj-79	287	196	vif	vif	NOUN
emaj-79	287	197	during	during	ADP
emaj-79	287	198	periods	period	NOUN
emaj-79	287	199	of	of	ADP
emaj-79	287	200	proft	proft	PROPN
emaj-79	287	201	decline	decline	NOUN
emaj-79	287	202	(	(	PUNCT
emaj-79	287	203	2006	2006	NUM
emaj-79	287	204	-	-	SYM
emaj-79	287	205	2012	2012	NUM
emaj-79	287	206	)	)	PUNCT
emaj-79	287	207	variable	variable	ADJ
emaj-79	287	208	vif	vif	NOUN
emaj-79	287	209	1	1	NUM
emaj-79	287	210	/	/	SYM
emaj-79	287	211	vif	vif	X
emaj-79	287	212	lr	lr	X
emaj-79	287	213	1.67	1.67	NUM
emaj-79	287	214	0.600288	0.600288	NUM
emaj-79	287	215	ato	ato	PROPN
emaj-79	287	216	1.65	1.65	NUM
emaj-79	287	217	0.604702	0.604702	NUM
emaj-79	287	218	taxeffi	taxeffi	PROPN
emaj-79	287	219	1.15	1.15	NUM
emaj-79	287	220	0.865892	0.865892	NUM
emaj-79	287	221	opm	opm	PROPN
emaj-79	287	222	1.13	1.13	NUM
emaj-79	287	223	0.884641	0.884641	NUM
emaj-79	287	224	ib	ib	PROPN
emaj-79	287	225	1.03	1.03	NUM
emaj-79	287	226	0.972954	0.972954	NUM
emaj-79	287	227	mean	mean	NOUN
emaj-79	287	228	vif	vif	NOUN
emaj-79	287	229	1.33	1.33	NUM
emaj-79	287	230	appendix	appendix	NOUN
emaj-79	287	231	8	8	NUM
emaj-79	287	232	:	:	PUNCT
emaj-79	287	233	vif	vif	PROPN
emaj-79	287	234	post	post	PROPN
emaj-79	287	235	profit	profit	NOUN
emaj-79	287	236	decline	decline	NOUN
emaj-79	287	237	(	(	PUNCT
emaj-79	287	238	2009	2009	NUM
emaj-79	287	239	-	-	SYM
emaj-79	287	240	2012	2012	NUM
emaj-79	287	241	)	)	PUNCT
emaj-79	287	242	variable	variable	ADJ
emaj-79	287	243	vif	vif	NOUN
emaj-79	287	244	1	1	NUM
emaj-79	287	245	/	/	SYM
emaj-79	287	246	vif	vif	NOUN
emaj-79	287	247	lr	lr	VERB
emaj-79	287	248	2.23	2.23	NUM
emaj-79	287	249	0.4488	0.4488	NUM
emaj-79	287	250	ato	ato	NOUN
emaj-79	287	251	2.01	2.01	NUM
emaj-79	287	252	0.497591	0.497591	NUM
emaj-79	287	253	opm	opm	PROPN
emaj-79	287	254	1.24	1.24	NUM
emaj-79	287	255	0.806155	0.806155	NUM
emaj-79	287	256	taxeffi	taxeffi	NOUN
emaj-79	287	257	1.08	1.08	NUM
emaj-79	287	258	0.927124	0.927124	NUM
emaj-79	288	1	ib	ib	NOUN
emaj-79	288	2	1.05	1.05	NUM
emaj-79	288	3	0.956647	0.956647	NUM
emaj-79	288	4	mean	mean	NOUN
emaj-79	288	5	vif	vif	NOUN
emaj-79	288	6	1.52	1.52	NUM
emaj-79	288	7	appendix	appendix	NOUN
emaj-79	288	8	9	9	NUM
emaj-79	288	9	:	:	PUNCT
emaj-79	288	10	autocorrelation	autocorrelation	NOUN
emaj-79	288	11	graph	graph	NOUN
emaj-79	288	12	for	for	ADP
emaj-79	288	13	periods	period	NOUN
emaj-79	288	14	during	during	ADP
emaj-79	288	15	profit	profit	NOUN
emaj-79	288	16	decline	decline	NOUN
emaj-79	288	17	appendix	appendix	NOUN
emaj-79	288	18	10	10	NUM
emaj-79	288	19	:	:	PUNCT
emaj-79	288	20	autocorrelation	autocorrelation	NOUN
emaj-79	288	21	for	for	ADP
emaj-79	288	22	post	post	NOUN
emaj-79	288	23	profit	profit	NOUN
emaj-79	288	24	decline	decline	NOUN
emaj-79	288	25	-.2	-.2	PROPN
emaj-79	288	26	0	0	NUM
emaj-79	289	1	.2	.2	NUM
emaj-79	289	2	.4	.4	NUM
emaj-79	289	3	r	r	NOUN
emaj-79	289	4	es	es	X
emaj-79	289	5	i	i	PROPN
emaj-79	289	6	d	d	PROPN
emaj-79	289	7	ua	ua	PROPN
emaj-79	290	1	ls	ls	PROPN
emaj-79	290	2	2006	2006	NUM
emaj-79	290	3	2007	2007	NUM
emaj-79	290	4	2008	2008	NUM
emaj-79	290	5	2009	2009	NUM
emaj-79	290	6	year	year	NOUN
emaj-79	291	1	-.6	-.6	PROPN
emaj-79	291	2	-.4	-.4	PROPN
emaj-79	292	1	-.2	-.2	X
emaj-79	292	2	0	0	NUM
emaj-79	293	1	.2	.2	NUM
emaj-79	293	2	.4	.4	NUM
emaj-79	293	3	r	r	NOUN
emaj-79	293	4	es	es	X
emaj-79	293	5	i	i	PROPN
emaj-79	293	6	d	d	PROPN
emaj-79	293	7	ua	ua	PROPN
emaj-79	294	1	ls	ls	PROPN
emaj-79	294	2	2009	2009	NUM
emaj-79	294	3	2010	2010	NUM
emaj-79	294	4	2011	2011	NUM
emaj-79	294	5	2012	2012	NUM
emaj-79	294	6	year	year	NOUN