id	sid	tid	token	lemma	pos
eistud-16191	1	1	135	135	NUM
eistud-16191	1	2	european	european	ADJ
eistud-16191	1	3	integrat	integrat	NOUN
eistud-16191	1	4	ion	ion	NOUN
eistud-16191	1	5	studies	study	NOUN
eistud-16191	1	6	2016/10	2016/10	NUM
eistud-16191	1	7	risk	risk	NOUN
eistud-16191	1	8	aversion	aversion	NOUN
eistud-16191	1	9	in	in	ADP
eistud-16191	1	10	the	the	DET
eistud-16191	1	11	board	board	NOUN
eistud-16191	1	12	room	room	NOUN
eistud-16191	1	13	.	.	PUNCT
eistud-16191	2	1	an	an	DET
eistud-16191	2	2	analytical	analytical	ADJ
eistud-16191	2	3	approach	approach	NOUN
eistud-16191	2	4	on	on	ADP
eistud-16191	2	5	corporate	corporate	ADJ
eistud-16191	2	6	governance	governance	NOUN
eistud-16191	2	7	of	of	ADP
eistud-16191	2	8	german	german	ADJ
eistud-16191	2	9	stock	stock	NOUN
eistud-16191	2	10	–	–	PUNCT
eistud-16191	2	11	listed	list	VERB
eistud-16191	2	12	companies	company	NOUN
eistud-16191	2	13	knut	knut	PROPN
eistud-16191	2	14	michelberger	michelberger	PROPN
eistud-16191	2	15	university	university	PROPN
eistud-16191	2	16	of	of	ADP
eistud-16191	2	17	latvia	latvia	PROPN
eistud-16191	2	18	,	,	PUNCT
eistud-16191	2	19	faculty	faculty	NOUN
eistud-16191	2	20	of	of	ADP
eistud-16191	2	21	economics	economic	NOUN
eistud-16191	2	22	and	and	CCONJ
eistud-16191	2	23	management	management	NOUN
eistud-16191	2	24	,	,	PUNCT
eistud-16191	2	25	department	department	NOUN
eistud-16191	2	26	of	of	ADP
eistud-16191	2	27	international	international	ADJ
eistud-16191	2	28	economics	economic	NOUN
eistud-16191	2	29	and	and	CCONJ
eistud-16191	2	30	business	business	NOUN
eistud-16191	2	31	,	,	PUNCT
eistud-16191	2	32	aspazijas	aspazijas	PROPN
eistud-16191	2	33	blvd	blvd	NOUN
eistud-16191	2	34	.	.	PUNCT
eistud-16191	3	1	5	5	NUM
eistud-16191	3	2	,	,	PUNCT
eistud-16191	3	3	riga	riga	ADJ
eistud-16191	3	4	,	,	PUNCT
eistud-16191	3	5	latvia	latvia	PROPN
eistud-16191	3	6	submitted	submit	VERB
eistud-16191	3	7	03/2016	03/2016	PRON
eistud-16191	3	8	accepted	accept	VERB
eistud-16191	3	9	for	for	ADP
eistud-16191	3	10	publication	publication	NOUN
eistud-16191	3	11	09/2016	09/2016	PROPN
eistud-16191	3	12	risk	risk	NOUN
eistud-16191	3	13	aversion	aversion	NOUN
eistud-16191	3	14	in	in	ADP
eistud-16191	3	15	the	the	DET
eistud-16191	3	16	board	board	NOUN
eistud-16191	3	17	room	room	NOUN
eistud-16191	3	18	.	.	PUNCT
eistud-16191	4	1	an	an	DET
eistud-16191	4	2	analytical	analytical	ADJ
eistud-16191	4	3	approach	approach	NOUN
eistud-16191	4	4	on	on	ADP
eistud-16191	4	5	corporate	corporate	ADJ
eistud-16191	4	6	governance	governance	NOUN
eistud-16191	4	7	of	of	ADP
eistud-16191	4	8	german	german	ADJ
eistud-16191	4	9	stock	stock	NOUN
eistud-16191	4	10	–	–	PUNCT
eistud-16191	4	11	listed	list	VERB
eistud-16191	4	12	companies	company	NOUN
eistud-16191	4	13	eis	eis	PROPN
eistud-16191	4	14	10/2016	10/2016	NUM
eistud-16191	4	15	european	european	ADJ
eistud-16191	4	16	integration	integration	NOUN
eistud-16191	4	17	studies	study	NOUN
eistud-16191	4	18	no	no	INTJ
eistud-16191	4	19	.	.	PUNCT
eistud-16191	5	1	10/	10/	NUM
eistud-16191	5	2	2016	2016	NUM
eistud-16191	5	3	pp	pp	NOUN
eistud-16191	5	4	.	.	PUNCT
eistud-16191	6	1	135–144	135–144	NUM
eistud-16191	6	2	doi	doi	NOUN
eistud-16191	6	3	10.5755	10.5755	NUM
eistud-16191	6	4	/	/	SYM
eistud-16191	6	5	j01.eis.0.10.16191	j01.eis.0.10.16191	PROPN
eistud-16191	6	6	©	©	PROPN
eistud-16191	6	7	kaunas	kaunas	PROPN
eistud-16191	6	8	university	university	PROPN
eistud-16191	6	9	of	of	ADP
eistud-16191	6	10	technology	technology	PROPN
eistud-16191	6	11	abstract	abstract	ADJ
eistud-16191	6	12	http://dx.doi.org/10.5755/j01.eis.0.10.16191	http://dx.doi.org/10.5755/j01.eis.0.10.16191	PROPN
eistud-16191	6	13	according	accord	VERB
eistud-16191	6	14	to	to	ADP
eistud-16191	6	15	the	the	DET
eistud-16191	6	16	agency	agency	NOUN
eistud-16191	6	17	theory	theory	NOUN
eistud-16191	6	18	,	,	PUNCT
eistud-16191	6	19	a	a	DET
eistud-16191	6	20	positive	positive	ADJ
eistud-16191	6	21	relationship	relationship	NOUN
eistud-16191	6	22	between	between	ADP
eistud-16191	6	23	company	company	NOUN
eistud-16191	6	24	performance	performance	NOUN
eistud-16191	6	25	and	and	CCONJ
eistud-16191	6	26	good	good	ADJ
eistud-16191	6	27	corpo­	corpo­	PROPN
eistud-16191	6	28	rate	rate	NOUN
eistud-16191	6	29	governance	governance	NOUN
eistud-16191	6	30	should	should	AUX
eistud-16191	6	31	exist	exist	VERB
eistud-16191	6	32	.	.	PUNCT
eistud-16191	7	1	a	a	DET
eistud-16191	7	2	broader	broad	ADJ
eistud-16191	7	3	study	study	NOUN
eistud-16191	7	4	of	of	ADP
eistud-16191	7	5	the	the	DET
eistud-16191	7	6	author	author	NOUN
eistud-16191	7	7	of	of	ADP
eistud-16191	7	8	this	this	DET
eistud-16191	7	9	paper	paper	NOUN
eistud-16191	7	10	examines	examine	VERB
eistud-16191	7	11	a	a	DET
eistud-16191	7	12	sample	sample	NOUN
eistud-16191	7	13	of	of	ADP
eistud-16191	7	14	german	german	ADJ
eistud-16191	7	15	stock	stock	NOUN
eistud-16191	7	16	–	–	PUNCT
eistud-16191	7	17	listed	list	VERB
eistud-16191	7	18	companies	company	NOUN
eistud-16191	7	19	whereas	whereas	SCONJ
eistud-16191	7	20	germany	germany	PROPN
eistud-16191	7	21	can	can	AUX
eistud-16191	7	22	be	be	AUX
eistud-16191	7	23	seen	see	VERB
eistud-16191	7	24	as	as	ADP
eistud-16191	7	25	one	one	NUM
eistud-16191	7	26	of	of	ADP
eistud-16191	7	27	the	the	DET
eistud-16191	7	28	most	most	ADV
eistud-16191	7	29	highly	highly	ADV
eistud-16191	7	30	regulated	regulated	ADJ
eistud-16191	7	31	countries	country	NOUN
eistud-16191	7	32	concerning	concern	VERB
eistud-16191	7	33	corporate	corporate	ADJ
eistud-16191	7	34	governance	governance	NOUN
eistud-16191	7	35	.	.	PUNCT
eistud-16191	8	1	the	the	DET
eistud-16191	8	2	overall	overall	ADJ
eistud-16191	8	3	purpose	purpose	NOUN
eistud-16191	8	4	of	of	ADP
eistud-16191	8	5	the	the	DET
eistud-16191	8	6	author	author	NOUN
eistud-16191	8	7	’s	’s	PART
eistud-16191	8	8	study	study	NOUN
eistud-16191	8	9	is	be	AUX
eistud-16191	8	10	to	to	PART
eistud-16191	8	11	analyze	analyze	VERB
eistud-16191	8	12	the	the	DET
eistud-16191	8	13	effect	effect	NOUN
eistud-16191	8	14	of	of	ADP
eistud-16191	8	15	supervisory	supervisory	ADJ
eistud-16191	8	16	board	board	NOUN
eistud-16191	8	17	characteristics	characteristic	NOUN
eistud-16191	8	18	and	and	CCONJ
eistud-16191	8	19	procedures	procedure	NOUN
eistud-16191	8	20	on	on	ADP
eistud-16191	8	21	firm	firm	ADJ
eistud-16191	8	22	performance	performance	NOUN
eistud-16191	8	23	.	.	PUNCT
eistud-16191	9	1	several	several	ADJ
eistud-16191	9	2	corporate	corporate	ADJ
eistud-16191	9	3	governance	governance	NOUN
eistud-16191	9	4	variables	variable	NOUN
eistud-16191	9	5	such	such	ADJ
eistud-16191	9	6	as	as	ADP
eistud-16191	9	7	number	number	NOUN
eistud-16191	9	8	of	of	ADP
eistud-16191	9	9	committees	committee	NOUN
eistud-16191	9	10	,	,	PUNCT
eistud-16191	9	11	board	board	NOUN
eistud-16191	9	12	independency	independency	NOUN
eistud-16191	9	13	,	,	PUNCT
eistud-16191	9	14	supervisory	supervisory	ADJ
eistud-16191	9	15	board	board	NOUN
eistud-16191	9	16	compensation	compensation	NOUN
eistud-16191	9	17	,	,	PUNCT
eistud-16191	9	18	personal	personal	ADJ
eistud-16191	9	19	risk	risk	NOUN
eistud-16191	9	20	liability	liability	NOUN
eistud-16191	9	21	,	,	PUNCT
eistud-16191	9	22	etc	etc	X
eistud-16191	9	23	.	.	X
eistud-16191	9	24	are	be	AUX
eistud-16191	9	25	examined	examine	VERB
eistud-16191	9	26	regarding	regard	VERB
eistud-16191	9	27	their	their	PRON
eistud-16191	9	28	effects	effect	NOUN
eistud-16191	9	29	on	on	ADP
eistud-16191	9	30	firm	firm	ADJ
eistud-16191	9	31	performance	performance	NOUN
eistud-16191	9	32	in	in	ADP
eistud-16191	9	33	terms	term	NOUN
eistud-16191	9	34	of	of	ADP
eistud-16191	9	35	firm	firm	ADJ
eistud-16191	9	36	growth	growth	NOUN
eistud-16191	9	37	and	and	CCONJ
eistud-16191	9	38	profitability	profitability	NOUN
eistud-16191	9	39	.	.	PUNCT
eistud-16191	10	1	two	two	NUM
eistud-16191	10	2	different	different	ADJ
eistud-16191	10	3	approaches	approach	NOUN
eistud-16191	10	4	were	be	AUX
eistud-16191	10	5	selected	select	VERB
eistud-16191	10	6	:	:	PUNCT
eistud-16191	10	7	(	(	PUNCT
eistud-16191	10	8	1	1	X
eistud-16191	10	9	)	)	PUNCT
eistud-16191	10	10	a	a	DET
eistud-16191	10	11	quantitative	quantitative	ADJ
eistud-16191	10	12	data	data	NOUN
eistud-16191	10	13	analysis	analysis	NOUN
eistud-16191	10	14	,	,	PUNCT
eistud-16191	10	15	based	base	VERB
eistud-16191	10	16	on	on	ADP
eistud-16191	10	17	financial	financial	ADJ
eistud-16191	10	18	figures	figure	NOUN
eistud-16191	10	19	and	and	CCONJ
eistud-16191	10	20	corporate	corporate	ADJ
eistud-16191	10	21	governance	governance	NOUN
eistud-16191	10	22	variables	variable	NOUN
eistud-16191	10	23	,	,	PUNCT
eistud-16191	10	24	and	and	CCONJ
eistud-16191	10	25	(	(	PUNCT
eistud-16191	10	26	2	2	X
eistud-16191	10	27	)	)	PUNCT
eistud-16191	10	28	a	a	DET
eistud-16191	10	29	survey	survey	NOUN
eistud-16191	10	30	of	of	ADP
eistud-16191	10	31	supervisory	supervisory	ADJ
eistud-16191	10	32	board	board	NOUN
eistud-16191	10	33	members	member	NOUN
eistud-16191	10	34	out	out	ADP
eistud-16191	10	35	of	of	ADP
eistud-16191	10	36	this	this	DET
eistud-16191	10	37	sample	sample	NOUN
eistud-16191	10	38	.	.	PUNCT
eistud-16191	11	1	the	the	DET
eistud-16191	11	2	total	total	ADJ
eistud-16191	11	3	sample	sample	NOUN
eistud-16191	11	4	consists	consist	VERB
eistud-16191	11	5	of	of	ADP
eistud-16191	11	6	128	128	NUM
eistud-16191	11	7	german	german	ADJ
eistud-16191	11	8	stock	stock	NOUN
eistud-16191	11	9	–	–	PUNCT
eistud-16191	11	10	listed	list	VERB
eistud-16191	11	11	companies	company	NOUN
eistud-16191	11	12	.	.	PUNCT
eistud-16191	12	1	the	the	DET
eistud-16191	12	2	financial	financial	ADJ
eistud-16191	12	3	data	datum	NOUN
eistud-16191	12	4	are	be	AUX
eistud-16191	12	5	obtained	obtain	VERB
eistud-16191	12	6	from	from	ADP
eistud-16191	12	7	the	the	DET
eistud-16191	12	8	financial	financial	ADJ
eistud-16191	12	9	databases	database	NOUN
eistud-16191	12	10	providers	provider	NOUN
eistud-16191	12	11	thomsonone	thomsonone	NOUN
eistud-16191	12	12	and	and	CCONJ
eistud-16191	12	13	morningstar	morningstar	NOUN
eistud-16191	12	14	.	.	PUNCT
eistud-16191	13	1	the	the	DET
eistud-16191	13	2	corporate	corporate	ADJ
eistud-16191	13	3	governance	governance	NOUN
eistud-16191	13	4	data	datum	NOUN
eistud-16191	13	5	are	be	AUX
eistud-16191	13	6	also	also	ADV
eistud-16191	13	7	collected	collect	VERB
eistud-16191	13	8	from	from	ADP
eistud-16191	13	9	annual	annual	ADJ
eistud-16191	13	10	reports	report	NOUN
eistud-16191	13	11	and	and	CCONJ
eistud-16191	13	12	from	from	ADP
eistud-16191	13	13	corporate	corporate	ADJ
eistud-16191	13	14	governance	governance	NOUN
eistud-16191	13	15	compliance	compliance	NOUN
eistud-16191	13	16	statements	statement	NOUN
eistud-16191	13	17	.	.	PUNCT
eistud-16191	14	1	according	accord	VERB
eistud-16191	14	2	to	to	ADP
eistud-16191	14	3	the	the	DET
eistud-16191	14	4	german	german	ADJ
eistud-16191	14	5	corporate	corporate	ADJ
eistud-16191	14	6	governance	governance	NOUN
eistud-16191	14	7	codex	codex	NOUN
eistud-16191	14	8	(	(	PUNCT
eistud-16191	14	9	dcgk	dcgk	PROPN
eistud-16191	14	10	)	)	PUNCT
eistud-16191	14	11	each	each	DET
eistud-16191	14	12	stock	stock	NOUN
eistud-16191	14	13	–	–	PUNCT
eistud-16191	14	14	listed	list	VERB
eistud-16191	14	15	company	company	NOUN
eistud-16191	14	16	has	have	VERB
eistud-16191	14	17	to	to	PART
eistud-16191	14	18	explain	explain	VERB
eistud-16191	14	19	their	their	PRON
eistud-16191	14	20	com­	com­	NOUN
eistud-16191	14	21	pliance	pliance	NOUN
eistud-16191	14	22	with	with	ADP
eistud-16191	14	23	the	the	DET
eistud-16191	14	24	dcgk	dcgk	ADJ
eistud-16191	14	25	rules	rule	NOUN
eistud-16191	14	26	.	.	PUNCT
eistud-16191	15	1	thus	thus	ADV
eistud-16191	15	2	,	,	PUNCT
eistud-16191	15	3	the	the	DET
eistud-16191	15	4	dcgk	dcgk	NOUN
eistud-16191	15	5	represents	represent	VERB
eistud-16191	15	6	a	a	DET
eistud-16191	15	7	benchmark	benchmark	NOUN
eistud-16191	15	8	of	of	ADP
eistud-16191	15	9	good	good	ADJ
eistud-16191	15	10	corporate	corporate	ADJ
eistud-16191	15	11	governance	governance	NOUN
eistud-16191	15	12	and	and	CCONJ
eistud-16191	15	13	allows	allow	VERB
eistud-16191	15	14	collecting	collect	VERB
eistud-16191	15	15	objective	objective	ADJ
eistud-16191	15	16	and	and	CCONJ
eistud-16191	15	17	comparable	comparable	ADJ
eistud-16191	15	18	quantitative	quantitative	ADJ
eistud-16191	15	19	data	datum	NOUN
eistud-16191	15	20	to	to	PART
eistud-16191	15	21	estimate	estimate	VERB
eistud-16191	15	22	the	the	DET
eistud-16191	15	23	corporate	corporate	ADJ
eistud-16191	15	24	governance	governance	NOUN
eistud-16191	15	25	level	level	NOUN
eistud-16191	15	26	.	.	PUNCT
eistud-16191	16	1	the	the	DET
eistud-16191	16	2	main	main	ADJ
eistud-16191	16	3	data	datum	NOUN
eistud-16191	16	4	analysis	analysis	NOUN
eistud-16191	16	5	methods	method	NOUN
eistud-16191	16	6	are	be	AUX
eistud-16191	16	7	bivariate	bivariate	ADJ
eistud-16191	16	8	analysis	analysis	NOUN
eistud-16191	16	9	and	and	CCONJ
eistud-16191	16	10	tests	test	NOUN
eistud-16191	16	11	for	for	ADP
eistud-16191	16	12	statistical	statistical	ADJ
eistud-16191	16	13	differences	difference	NOUN
eistud-16191	16	14	(	(	PUNCT
eistud-16191	16	15	t	t	NOUN
eistud-16191	16	16	–	–	PUNCT
eistud-16191	16	17	test	test	NOUN
eistud-16191	16	18	)	)	PUNCT
eistud-16191	16	19	,	,	PUNCT
eistud-16191	16	20	the	the	DET
eistud-16191	16	21	latter	latter	ADJ
eistud-16191	16	22	in	in	ADP
eistud-16191	16	23	particular	particular	ADJ
eistud-16191	16	24	to	to	PART
eistud-16191	16	25	find	find	VERB
eistud-16191	16	26	differences	difference	NOUN
eistud-16191	16	27	between	between	ADP
eistud-16191	16	28	groups	group	NOUN
eistud-16191	16	29	clustered	cluster	VERB
eistud-16191	16	30	by	by	ADP
eistud-16191	16	31	their	their	PRON
eistud-16191	16	32	5	5	NUM
eistud-16191	16	33	–	–	PUNCT
eistud-16191	16	34	years	year	NOUN
eistud-16191	16	35	total	total	ADJ
eistud-16191	16	36	shareholder	shareholder	NOUN
eistud-16191	16	37	return	return	NOUN
eistud-16191	16	38	(	(	PUNCT
eistud-16191	16	39	tsr	tsr	NOUN
eistud-16191	16	40	)	)	PUNCT
eistud-16191	16	41	growth	growth	NOUN
eistud-16191	16	42	resulting	result	VERB
eistud-16191	16	43	in	in	ADP
eistud-16191	16	44	a	a	DET
eistud-16191	16	45	tsr	tsr	PROPN
eistud-16191	16	46	top–30	top–30	PROPN
eistud-16191	16	47	group	group	NOUN
eistud-16191	16	48	and	and	CCONJ
eistud-16191	16	49	tsr	tsr	PROPN
eistud-16191	16	50	bottom–30	bottom–30	PROPN
eistud-16191	16	51	group	group	NOUN
eistud-16191	16	52	.	.	PUNCT
eistud-16191	17	1	while	while	SCONJ
eistud-16191	17	2	the	the	DET
eistud-16191	17	3	fulfilment	fulfilment	NOUN
eistud-16191	17	4	of	of	ADP
eistud-16191	17	5	good	good	ADJ
eistud-16191	17	6	corporate	corporate	ADJ
eistud-16191	17	7	governance	governance	NOUN
eistud-16191	17	8	standards	standard	NOUN
eistud-16191	17	9	over	over	ADP
eistud-16191	17	10	all	all	PRON
eistud-16191	17	11	shows	show	VERB
eistud-16191	17	12	no	no	DET
eistud-16191	17	13	significant	significant	ADJ
eistud-16191	17	14	effect	effect	NOUN
eistud-16191	17	15	on	on	ADP
eistud-16191	17	16	firm	firm	ADJ
eistud-16191	17	17	performance	performance	NOUN
eistud-16191	17	18	,	,	PUNCT
eistud-16191	17	19	this	this	DET
eistud-16191	17	20	paper	paper	NOUN
eistud-16191	17	21	focusses	focusse	VERB
eistud-16191	17	22	on	on	ADP
eistud-16191	17	23	the	the	DET
eistud-16191	17	24	findings	finding	NOUN
eistud-16191	17	25	that	that	PRON
eistud-16191	17	26	risk	risk	VERB
eistud-16191	17	27	aversion	aversion	NOUN
eistud-16191	17	28	in	in	ADP
eistud-16191	17	29	the	the	DET
eistud-16191	17	30	board	board	NOUN
eistud-16191	17	31	room	room	NOUN
eistud-16191	17	32	is	be	AUX
eistud-16191	17	33	increasing	increase	VERB
eistud-16191	17	34	as	as	ADP
eistud-16191	17	35	a	a	DET
eistud-16191	17	36	result	result	NOUN
eistud-16191	17	37	of	of	ADP
eistud-16191	17	38	governance	governance	NOUN
eistud-16191	17	39	regulations	regulation	NOUN
eistud-16191	17	40	and	and	CCONJ
eistud-16191	17	41	that	that	SCONJ
eistud-16191	17	42	growth	growth	NOUN
eistud-16191	17	43	outperformers	outperformer	NOUN
eistud-16191	17	44	have	have	VERB
eistud-16191	17	45	a	a	DET
eistud-16191	17	46	lower	low	ADJ
eistud-16191	17	47	degree	degree	NOUN
eistud-16191	17	48	of	of	ADP
eistud-16191	17	49	risk	risk	NOUN
eistud-16191	17	50	aversion	aversion	NOUN
eistud-16191	17	51	.	.	PUNCT
eistud-16191	18	1	it	it	PRON
eistud-16191	18	2	is	be	AUX
eistud-16191	18	3	concluded	conclude	VERB
eistud-16191	18	4	that	that	SCONJ
eistud-16191	18	5	an	an	DET
eistud-16191	18	6	own	own	ADJ
eistud-16191	18	7	–	–	PUNCT
eistud-16191	18	8	risk	risk	NOUN
eistud-16191	18	9	deductible	deductible	ADJ
eistud-16191	18	10	in	in	ADP
eistud-16191	18	11	the	the	DET
eistud-16191	18	12	d&o	d&o	NOUN
eistud-16191	18	13	insurance	insurance	NOUN
eistud-16191	18	14	policy	policy	NOUN
eistud-16191	18	15	leads	lead	VERB
eistud-16191	18	16	to	to	ADP
eistud-16191	18	17	risk	risk	NOUN
eistud-16191	18	18	–	–	PUNCT
eistud-16191	18	19	averse	averse	ADJ
eistud-16191	18	20	supervisory	supervisory	ADJ
eistud-16191	18	21	board	board	NOUN
eistud-16191	18	22	behavior	behavior	NOUN
eistud-16191	18	23	and	and	CCONJ
eistud-16191	18	24	thus	thus	ADV
eistud-16191	18	25	to	to	PART
eistud-16191	18	26	lower	lower	VERB
eistud-16191	18	27	tsr	tsr	PROPN
eistud-16191	18	28	growth	growth	NOUN
eistud-16191	18	29	.	.	PUNCT
eistud-16191	19	1	keywords	keyword	NOUN
eistud-16191	19	2	:	:	PUNCT
eistud-16191	19	3	corporate	corporate	ADJ
eistud-16191	19	4	governance	governance	NOUN
eistud-16191	19	5	;	;	PUNCT
eistud-16191	19	6	supervisory	supervisory	ADJ
eistud-16191	19	7	board	board	NOUN
eistud-16191	19	8	;	;	PUNCT
eistud-16191	19	9	principal	principal	ADJ
eistud-16191	19	10	–	–	PUNCT
eistud-16191	19	11	agent	agent	NOUN
eistud-16191	19	12	theory	theory	NOUN
eistud-16191	19	13	;	;	PUNCT
eistud-16191	19	14	risk	risk	NOUN
eistud-16191	19	15	aversion	aversion	NOUN
eistud-16191	19	16	;	;	PUNCT
eistud-16191	19	17	firm	firm	ADJ
eistud-16191	19	18	performance	performance	NOUN
eistud-16191	19	19	.	.	PUNCT
eistud-16191	20	1	european	european	ADJ
eistud-16191	20	2	integrat	integrat	PROPN
eistud-16191	20	3	ion	ion	NOUN
eistud-16191	20	4	studies	study	NOUN
eistud-16191	20	5	2016/10	2016/10	NUM
eistud-16191	20	6	136	136	NUM
eistud-16191	20	7	the	the	DET
eistud-16191	20	8	failure	failure	NOUN
eistud-16191	20	9	of	of	ADP
eistud-16191	20	10	several	several	ADJ
eistud-16191	20	11	corporations	corporation	NOUN
eistud-16191	20	12	such	such	ADJ
eistud-16191	20	13	as	as	ADP
eistud-16191	20	14	enron	enron	PROPN
eistud-16191	20	15	,	,	PUNCT
eistud-16191	20	16	tyco	tyco	PROPN
eistud-16191	20	17	,	,	PUNCT
eistud-16191	20	18	parmalat	parmalat	NOUN
eistud-16191	20	19	,	,	PUNCT
eistud-16191	20	20	skandia	skandia	PROPN
eistud-16191	20	21	,	,	PUNCT
eistud-16191	20	22	lehman	lehman	PROPN
eistud-16191	20	23	brothers	brother	NOUN
eistud-16191	20	24	,	,	PUNCT
eistud-16191	20	25	etc	etc	X
eistud-16191	20	26	.	.	X
eistud-16191	20	27	in	in	ADP
eistud-16191	20	28	the	the	DET
eistud-16191	20	29	last	last	ADJ
eistud-16191	20	30	decade	decade	NOUN
eistud-16191	20	31	shows	show	VERB
eistud-16191	20	32	that	that	SCONJ
eistud-16191	20	33	firms	firm	NOUN
eistud-16191	20	34	should	should	AUX
eistud-16191	20	35	undertake	undertake	VERB
eistud-16191	20	36	additional	additional	ADJ
eistud-16191	20	37	modifications	modification	NOUN
eistud-16191	20	38	in	in	ADP
eistud-16191	20	39	their	their	PRON
eistud-16191	20	40	corporate	corporate	ADJ
eistud-16191	20	41	governance	governance	NOUN
eistud-16191	20	42	(	(	PUNCT
eistud-16191	20	43	cg	cg	NOUN
eistud-16191	20	44	)	)	PUNCT
eistud-16191	20	45	to	to	PART
eistud-16191	20	46	increase	increase	VERB
eistud-16191	20	47	transparency	transparency	NOUN
eistud-16191	20	48	and	and	CCONJ
eistud-16191	20	49	to	to	PART
eistud-16191	20	50	assure	assure	VERB
eistud-16191	20	51	shareholders	shareholder	NOUN
eistud-16191	20	52	’	’	PART
eistud-16191	20	53	reliance	reliance	NOUN
eistud-16191	20	54	on	on	ADP
eistud-16191	20	55	management	management	NOUN
eistud-16191	20	56	(	(	PUNCT
eistud-16191	20	57	hermalin	hermalin	NOUN
eistud-16191	20	58	&	&	CCONJ
eistud-16191	20	59	weisbach	weisbach	NOUN
eistud-16191	20	60	,	,	PUNCT
eistud-16191	20	61	2012	2012	NUM
eistud-16191	20	62	,	,	PUNCT
eistud-16191	20	63	p.	p.	NOUN
eistud-16191	20	64	326	326	NUM
eistud-16191	20	65	)	)	PUNCT
eistud-16191	20	66	.	.	PUNCT
eistud-16191	21	1	a	a	DET
eistud-16191	21	2	large	large	ADJ
eistud-16191	21	3	consensus	consensus	NOUN
eistud-16191	21	4	exists	exist	VERB
eistud-16191	21	5	among	among	ADP
eistud-16191	21	6	both	both	PRON
eistud-16191	21	7	ac­	ac­	ADJ
eistud-16191	21	8	ademics	ademic	NOUN
eistud-16191	21	9	and	and	CCONJ
eistud-16191	21	10	professionals	professional	NOUN
eistud-16191	21	11	that	that	PRON
eistud-16191	21	12	new	new	ADJ
eistud-16191	21	13	efforts	effort	NOUN
eistud-16191	21	14	are	be	AUX
eistud-16191	21	15	important	important	ADJ
eistud-16191	21	16	to	to	PART
eistud-16191	21	17	improve	improve	VERB
eistud-16191	21	18	corporate	corporate	ADJ
eistud-16191	21	19	governance	governance	NOUN
eistud-16191	21	20	practices	practice	NOUN
eistud-16191	21	21	to	to	PART
eistud-16191	21	22	protect	protect	VERB
eistud-16191	21	23	the	the	DET
eistud-16191	21	24	shareholders	shareholder	NOUN
eistud-16191	21	25	’	’	PART
eistud-16191	21	26	interests	interest	NOUN
eistud-16191	21	27	and	and	CCONJ
eistud-16191	21	28	to	to	PART
eistud-16191	21	29	stabilize	stabilize	VERB
eistud-16191	21	30	market	market	NOUN
eistud-16191	21	31	economy	economy	NOUN
eistud-16191	21	32	basics	basic	NOUN
eistud-16191	21	33	,	,	PUNCT
eistud-16191	21	34	due	due	ADP
eistud-16191	21	35	to	to	ADP
eistud-16191	21	36	the	the	DET
eistud-16191	21	37	fact	fact	NOUN
eistud-16191	21	38	that	that	SCONJ
eistud-16191	21	39	many	many	ADJ
eistud-16191	21	40	scholars	scholar	NOUN
eistud-16191	21	41	,	,	PUNCT
eistud-16191	21	42	economic	economic	ADJ
eistud-16191	21	43	analysts	analyst	NOUN
eistud-16191	21	44	,	,	PUNCT
eistud-16191	21	45	and	and	CCONJ
eistud-16191	21	46	corporate	corporate	ADJ
eistud-16191	21	47	practitioners	practitioner	NOUN
eistud-16191	21	48	have	have	AUX
eistud-16191	21	49	linked	link	VERB
eistud-16191	21	50	the	the	DET
eistud-16191	21	51	severity	severity	NOUN
eistud-16191	21	52	and	and	CCONJ
eistud-16191	21	53	increasingly	increasingly	ADV
eistud-16191	21	54	circular	circular	ADJ
eistud-16191	21	55	nature	nature	NOUN
eistud-16191	21	56	of	of	ADP
eistud-16191	21	57	financial	financial	ADJ
eistud-16191	21	58	and	and	CCONJ
eistud-16191	21	59	economic	economic	ADJ
eistud-16191	21	60	crises	crisis	NOUN
eistud-16191	21	61	to	to	ADP
eistud-16191	21	62	corporate	corporate	ADJ
eistud-16191	21	63	gov­	gov­	NOUN
eistud-16191	21	64	ernance	ernance	NOUN
eistud-16191	21	65	failures	failure	NOUN
eistud-16191	21	66	(	(	PUNCT
eistud-16191	21	67	sun	sun	NOUN
eistud-16191	21	68	,	,	PUNCT
eistud-16191	21	69	stewart	stewart	PROPN
eistud-16191	21	70	,	,	PUNCT
eistud-16191	21	71	&	&	CCONJ
eistud-16191	21	72	pollard	pollard	PROPN
eistud-16191	21	73	,	,	PUNCT
eistud-16191	21	74	2011	2011	NUM
eistud-16191	21	75	,	,	PUNCT
eistud-16191	21	76	p.	p.	NOUN
eistud-16191	21	77	1	1	NUM
eistud-16191	21	78	;	;	PUNCT
eistud-16191	21	79	gupta	gupta	PROPN
eistud-16191	21	80	,	,	PUNCT
eistud-16191	21	81	chandrasekhar	chandrasekhar	PROPN
eistud-16191	21	82	,	,	PUNCT
eistud-16191	21	83	&	&	CCONJ
eistud-16191	21	84	tourani	tourani	PROPN
eistud-16191	21	85	–	–	PUNCT
eistud-16191	21	86	rad	rad	PROPN
eistud-16191	21	87	,	,	PUNCT
eistud-16191	21	88	2013	2013	NUM
eistud-16191	21	89	,	,	PUNCT
eistud-16191	21	90	p.	p.	NOUN
eistud-16191	21	91	86	86	NUM
eistud-16191	21	92	)	)	PUNCT
eistud-16191	21	93	.	.	PUNCT
eistud-16191	22	1	although	although	SCONJ
eistud-16191	22	2	several	several	ADJ
eistud-16191	22	3	corporate	corporate	ADJ
eistud-16191	22	4	governance	governance	NOUN
eistud-16191	22	5	codices	codex	NOUN
eistud-16191	22	6	are	be	AUX
eistud-16191	22	7	introduced	introduce	VERB
eistud-16191	22	8	in	in	ADP
eistud-16191	22	9	many	many	ADJ
eistud-16191	22	10	countries	country	NOUN
eistud-16191	22	11	,	,	PUNCT
eistud-16191	22	12	they	they	PRON
eistud-16191	22	13	are	be	AUX
eistud-16191	22	14	not	not	PART
eistud-16191	22	15	legally	legally	ADV
eistud-16191	22	16	binding	bind	VERB
eistud-16191	22	17	but	but	CCONJ
eistud-16191	22	18	provide	provide	VERB
eistud-16191	22	19	recommendations	recommendation	NOUN
eistud-16191	22	20	for	for	ADP
eistud-16191	22	21	good	good	ADJ
eistud-16191	22	22	corporate	corporate	ADJ
eistud-16191	22	23	governance	governance	NOUN
eistud-16191	22	24	.	.	PUNCT
eistud-16191	23	1	the	the	DET
eistud-16191	23	2	term	term	NOUN
eistud-16191	23	3	‘	'	PUNCT
eistud-16191	23	4	corporate	corporate	ADJ
eistud-16191	23	5	governance	governance	NOUN
eistud-16191	23	6	’	'	PUNCT
eistud-16191	23	7	summarizes	summarize	VERB
eistud-16191	23	8	efforts	effort	NOUN
eistud-16191	23	9	to	to	PART
eistud-16191	23	10	optimize	optimize	VERB
eistud-16191	23	11	a	a	DET
eistud-16191	23	12	company	company	NOUN
eistud-16191	23	13	’s	’s	PART
eistud-16191	23	14	management	management	NOUN
eistud-16191	23	15	sys­	sys­	PROPN
eistud-16191	23	16	tem	tem	PROPN
eistud-16191	23	17	and	and	CCONJ
eistud-16191	23	18	its	its	PRON
eistud-16191	23	19	monitoring	monitoring	NOUN
eistud-16191	23	20	.	.	PUNCT
eistud-16191	24	1	the	the	DET
eistud-16191	24	2	concept	concept	NOUN
eistud-16191	24	3	is	be	AUX
eistud-16191	24	4	based	base	VERB
eistud-16191	24	5	mainly	mainly	ADV
eistud-16191	24	6	on	on	ADP
eistud-16191	24	7	the	the	DET
eistud-16191	24	8	agency	agency	NOUN
eistud-16191	24	9	theory	theory	NOUN
eistud-16191	24	10	and	and	CCONJ
eistud-16191	24	11	the	the	DET
eistud-16191	24	12	problem	problem	NOUN
eistud-16191	24	13	of	of	ADP
eistud-16191	24	14	information	information	NOUN
eistud-16191	24	15	asymmetries	asymmetry	NOUN
eistud-16191	24	16	.	.	PUNCT
eistud-16191	25	1	the	the	DET
eistud-16191	25	2	agency	agency	NOUN
eistud-16191	25	3	theory	theory	NOUN
eistud-16191	25	4	’s	’s	PART
eistud-16191	25	5	essence	essence	NOUN
eistud-16191	25	6	is	be	AUX
eistud-16191	25	7	the	the	DET
eistud-16191	25	8	separation	separation	NOUN
eistud-16191	25	9	of	of	ADP
eistud-16191	25	10	management	management	NOUN
eistud-16191	25	11	and	and	CCONJ
eistud-16191	25	12	monitoring	monitoring	NOUN
eistud-16191	25	13	.	.	PUNCT
eistud-16191	26	1	today	today	NOUN
eistud-16191	26	2	,	,	PUNCT
eistud-16191	26	3	corporate	corporate	ADJ
eistud-16191	26	4	governance	governance	NOUN
eistud-16191	26	5	defines	define	VERB
eistud-16191	26	6	the	the	DET
eistud-16191	26	7	regulatory	regulatory	ADJ
eistud-16191	26	8	framework	framework	NOUN
eistud-16191	26	9	for	for	ADP
eistud-16191	26	10	management	management	NOUN
eistud-16191	26	11	and	and	CCONJ
eistud-16191	26	12	supervision	supervision	NOUN
eistud-16191	26	13	of	of	ADP
eistud-16191	26	14	companies	company	NOUN
eistud-16191	26	15	.	.	PUNCT
eistud-16191	27	1	good	good	ADJ
eistud-16191	27	2	corporate	corporate	ADJ
eistud-16191	27	3	governance	governance	NOUN
eistud-16191	27	4	should	should	AUX
eistud-16191	27	5	ensure	ensure	VERB
eistud-16191	27	6	and	and	CCONJ
eistud-16191	27	7	guide	guide	VERB
eistud-16191	27	8	a	a	DET
eistud-16191	27	9	re­	re­	PROPN
eistud-16191	27	10	sponsible	sponsible	ADJ
eistud-16191	27	11	,	,	PUNCT
eistud-16191	27	12	professional	professional	ADJ
eistud-16191	27	13	,	,	PUNCT
eistud-16191	27	14	and	and	CCONJ
eistud-16191	27	15	transparent	transparent	ADJ
eistud-16191	27	16	business	business	NOUN
eistud-16191	27	17	administration	administration	NOUN
eistud-16191	27	18	in	in	ADP
eistud-16191	27	19	the	the	DET
eistud-16191	27	20	interest	interest	NOUN
eistud-16191	27	21	of	of	ADP
eistud-16191	27	22	owners	owner	NOUN
eistud-16191	27	23	and	and	CCONJ
eistud-16191	27	24	external	external	ADJ
eistud-16191	27	25	stakeholders	stakeholder	NOUN
eistud-16191	27	26	.	.	PUNCT
eistud-16191	28	1	characteristics	characteristic	NOUN
eistud-16191	28	2	of	of	ADP
eistud-16191	28	3	‘	'	PUNCT
eistud-16191	28	4	good	good	ADJ
eistud-16191	28	5	’	'	PUNCT
eistud-16191	28	6	corporate	corporate	ADJ
eistud-16191	28	7	governance	governance	NOUN
eistud-16191	28	8	are	be	AUX
eistud-16191	28	9	regulations	regulation	NOUN
eistud-16191	28	10	con­	con­	PROPN
eistud-16191	28	11	cerning	cerne	VERB
eistud-16191	28	12	appropriate	appropriate	ADJ
eistud-16191	28	13	risk	risk	NOUN
eistud-16191	28	14	management	management	NOUN
eistud-16191	28	15	,	,	PUNCT
eistud-16191	28	16	procedures	procedure	NOUN
eistud-16191	28	17	,	,	PUNCT
eistud-16191	28	18	management	management	NOUN
eistud-16191	28	19	organization	organization	NOUN
eistud-16191	28	20	,	,	PUNCT
eistud-16191	28	21	long	long	ADJ
eistud-16191	28	22	–	–	PUNCT
eistud-16191	28	23	term	term	NOUN
eistud-16191	28	24	val­	val­	NOUN
eistud-16191	28	25	ue	ue	PROPN
eistud-16191	28	26	creation	creation	NOUN
eistud-16191	28	27	,	,	PUNCT
eistud-16191	28	28	transparency	transparency	NOUN
eistud-16191	28	29	,	,	PUNCT
eistud-16191	28	30	safeguarding	safeguard	VERB
eistud-16191	28	31	mechanisms	mechanism	NOUN
eistud-16191	28	32	to	to	PART
eistud-16191	28	33	secure	secure	VERB
eistud-16191	28	34	the	the	DET
eistud-16191	28	35	interests	interest	NOUN
eistud-16191	28	36	of	of	ADP
eistud-16191	28	37	stakeholders	stakeholder	NOUN
eistud-16191	28	38	,	,	PUNCT
eistud-16191	28	39	and	and	CCONJ
eistud-16191	28	40	,	,	PUNCT
eistud-16191	28	41	overall	overall	ADV
eistud-16191	28	42	,	,	PUNCT
eistud-16191	28	43	a	a	DET
eistud-16191	28	44	clearly	clearly	ADV
eistud-16191	28	45	defined	define	VERB
eistud-16191	28	46	control	control	NOUN
eistud-16191	28	47	structure	structure	NOUN
eistud-16191	28	48	.	.	PUNCT
eistud-16191	29	1	the	the	DET
eistud-16191	29	2	german	german	ADJ
eistud-16191	29	3	government	government	NOUN
eistud-16191	29	4	passed	pass	VERB
eistud-16191	29	5	the	the	DET
eistud-16191	29	6	law	law	NOUN
eistud-16191	29	7	of	of	ADP
eistud-16191	29	8	control	control	NOUN
eistud-16191	29	9	and	and	CCONJ
eistud-16191	29	10	transparency	transparency	NOUN
eistud-16191	29	11	(	(	PUNCT
eistud-16191	29	12	kontrag	kontrag	PROPN
eistud-16191	29	13	)	)	PUNCT
eistud-16191	29	14	in	in	ADP
eistud-16191	29	15	1998	1998	NUM
eistud-16191	29	16	which	which	PRON
eistud-16191	29	17	was	be	AUX
eistud-16191	29	18	one	one	NUM
eistud-16191	29	19	of	of	ADP
eistud-16191	29	20	the	the	DET
eistud-16191	29	21	first	first	ADJ
eistud-16191	29	22	corporate	corporate	ADJ
eistud-16191	29	23	governance	governance	NOUN
eistud-16191	29	24	laws	law	NOUN
eistud-16191	29	25	worldwide	worldwide	ADV
eistud-16191	29	26	.	.	PUNCT
eistud-16191	30	1	according	accord	VERB
eistud-16191	30	2	to	to	ADP
eistud-16191	30	3	section	section	NOUN
eistud-16191	30	4	161	161	NUM
eistud-16191	30	5	of	of	ADP
eistud-16191	30	6	the	the	DET
eistud-16191	30	7	german	german	ADJ
eistud-16191	30	8	stock	stock	NOUN
eistud-16191	30	9	corporation	corporation	PROPN
eistud-16191	30	10	act	act	VERB
eistud-16191	30	11	the	the	DET
eistud-16191	30	12	german	german	ADJ
eistud-16191	30	13	corporate	corporate	ADJ
eistud-16191	30	14	governance	governance	NOUN
eistud-16191	30	15	code	code	NOUN
eistud-16191	30	16	applies	apply	VERB
eistud-16191	30	17	for	for	ADP
eistud-16191	30	18	all	all	DET
eistud-16191	30	19	listed	list	VERB
eistud-16191	30	20	companies	company	NOUN
eistud-16191	30	21	.	.	PUNCT
eistud-16191	31	1	the	the	DET
eistud-16191	31	2	supervisory	supervisory	ADJ
eistud-16191	31	3	and	and	CCONJ
eistud-16191	31	4	executive	executive	ADJ
eistud-16191	31	5	boards	board	NOUN
eistud-16191	31	6	of	of	ADP
eistud-16191	31	7	corporations	corporation	NOUN
eistud-16191	31	8	are	be	AUX
eistud-16191	31	9	obliged	oblige	VERB
eistud-16191	31	10	to	to	PART
eistud-16191	31	11	explain	explain	VERB
eistud-16191	31	12	annually	annually	ADV
eistud-16191	31	13	whether	whether	SCONJ
eistud-16191	31	14	the	the	DET
eistud-16191	31	15	code	code	NOUN
eistud-16191	31	16	is	be	AUX
eistud-16191	31	17	adopted	adopt	VERB
eistud-16191	31	18	or	or	CCONJ
eistud-16191	31	19	rejected	reject	VERB
eistud-16191	31	20	as	as	ADP
eistud-16191	31	21	a	a	DET
eistud-16191	31	22	whole	whole	ADJ
eistud-16191	31	23	or	or	CCONJ
eistud-16191	31	24	only	only	ADV
eistud-16191	31	25	in	in	ADP
eistud-16191	31	26	parts	part	NOUN
eistud-16191	31	27	.	.	PUNCT
eistud-16191	32	1	insofar	insofar	ADV
eistud-16191	32	2	,	,	PUNCT
eistud-16191	32	3	in	in	ADP
eistud-16191	32	4	the	the	DET
eistud-16191	32	5	german	german	ADJ
eistud-16191	32	6	case	case	NOUN
eistud-16191	32	7	,	,	PUNCT
eistud-16191	32	8	an	an	DET
eistud-16191	32	9	objective	objective	ADJ
eistud-16191	32	10	benchmark	benchmark	NOUN
eistud-16191	32	11	exists	exist	VERB
eistud-16191	32	12	to	to	ADP
eistud-16191	32	13	qual­	qual­	PROPN
eistud-16191	32	14	ify	ify	PROPN
eistud-16191	32	15	and	and	CCONJ
eistud-16191	32	16	to	to	PART
eistud-16191	32	17	examine	examine	VERB
eistud-16191	32	18	the	the	DET
eistud-16191	32	19	several	several	ADJ
eistud-16191	32	20	dimensions	dimension	NOUN
eistud-16191	32	21	of	of	ADP
eistud-16191	32	22	‘	'	PUNCT
eistud-16191	32	23	good	good	ADJ
eistud-16191	32	24	’	'	PUNCT
eistud-16191	32	25	corporate	corporate	ADJ
eistud-16191	32	26	governance	governance	NOUN
eistud-16191	32	27	.	.	PUNCT
eistud-16191	33	1	the	the	DET
eistud-16191	33	2	field	field	NOUN
eistud-16191	33	3	of	of	ADP
eistud-16191	33	4	study	study	NOUN
eistud-16191	33	5	of	of	ADP
eistud-16191	33	6	the	the	DET
eistud-16191	33	7	author	author	NOUN
eistud-16191	33	8	’s	’s	PART
eistud-16191	33	9	thesis	thesis	NOUN
eistud-16191	33	10	is	be	AUX
eistud-16191	33	11	the	the	DET
eistud-16191	33	12	effect	effect	NOUN
eistud-16191	33	13	quality	quality	NOUN
eistud-16191	33	14	of	of	ADP
eistud-16191	33	15	the	the	DET
eistud-16191	33	16	german	german	ADJ
eistud-16191	33	17	‘	'	PUNCT
eistud-16191	33	18	good	good	ADJ
eistud-16191	33	19	’	'	PUNCT
eistud-16191	33	20	corporate	corporate	ADJ
eistud-16191	33	21	governance	governance	NOUN
eistud-16191	33	22	model	model	NOUN
eistud-16191	33	23	on	on	ADP
eistud-16191	33	24	firm	firm	ADJ
eistud-16191	33	25	performance	performance	NOUN
eistud-16191	33	26	and	and	CCONJ
eistud-16191	33	27	total	total	ADJ
eistud-16191	33	28	shareholder	shareholder	NOUN
eistud-16191	33	29	return	return	NOUN
eistud-16191	33	30	.	.	PUNCT
eistud-16191	34	1	the	the	DET
eistud-16191	34	2	research	research	NOUN
eistud-16191	34	3	problem	problem	NOUN
eistud-16191	34	4	is	be	AUX
eistud-16191	34	5	whether	whether	SCONJ
eistud-16191	34	6	the	the	DET
eistud-16191	34	7	ger­	ger­	NOUN
eistud-16191	34	8	man	man	NOUN
eistud-16191	34	9	model	model	NOUN
eistud-16191	34	10	is	be	AUX
eistud-16191	34	11	relevant	relevant	ADJ
eistud-16191	34	12	for	for	ADP
eistud-16191	34	13	serving	serve	VERB
eistud-16191	34	14	the	the	DET
eistud-16191	34	15	shareholder	shareholder	NOUN
eistud-16191	34	16	’s	’s	PART
eistud-16191	34	17	interest	interest	NOUN
eistud-16191	34	18	.	.	PUNCT
eistud-16191	35	1	according	accord	VERB
eistud-16191	35	2	to	to	ADP
eistud-16191	35	3	jensen	jensen	PROPN
eistud-16191	35	4	&	&	CCONJ
eistud-16191	35	5	meckling	meckling	PROPN
eistud-16191	35	6	(	(	PUNCT
eistud-16191	35	7	1976	1976	NUM
eistud-16191	35	8	)	)	PUNCT
eistud-16191	35	9	,	,	PUNCT
eistud-16191	35	10	a	a	DET
eistud-16191	35	11	positive	positive	ADJ
eistud-16191	35	12	relationship	relationship	NOUN
eistud-16191	35	13	between	between	ADP
eistud-16191	35	14	company	company	NOUN
eistud-16191	35	15	performance	performance	NOUN
eistud-16191	35	16	and	and	CCONJ
eistud-16191	35	17	‘	'	PUNCT
eistud-16191	35	18	good	good	ADJ
eistud-16191	35	19	’	'	PUNCT
eistud-16191	35	20	corporate	corporate	ADJ
eistud-16191	35	21	gover­	gover­	NOUN
eistud-16191	35	22	nance	nance	NOUN
eistud-16191	35	23	should	should	AUX
eistud-16191	35	24	exist	exist	VERB
eistud-16191	35	25	which	which	PRON
eistud-16191	35	26	is	be	AUX
eistud-16191	35	27	also	also	ADV
eistud-16191	35	28	assumed	assume	VERB
eistud-16191	35	29	in	in	ADP
eistud-16191	35	30	general	general	ADJ
eistud-16191	35	31	by	by	ADP
eistud-16191	35	32	recent	recent	ADJ
eistud-16191	35	33	research	research	NOUN
eistud-16191	35	34	,	,	PUNCT
eistud-16191	35	35	while	while	SCONJ
eistud-16191	35	36	other	other	ADJ
eistud-16191	35	37	research­	research­	ADJ
eistud-16191	35	38	ers	er	NOUN
eistud-16191	35	39	doubt	doubt	VERB
eistud-16191	35	40	that	that	SCONJ
eistud-16191	35	41	the	the	DET
eistud-16191	35	42	highly	highly	ADV
eistud-16191	35	43	–	–	PUNCT
eistud-16191	35	44	regulated	regulated	ADJ
eistud-16191	35	45	european	european	ADJ
eistud-16191	35	46	corporate	corporate	ADJ
eistud-16191	35	47	governance	governance	NOUN
eistud-16191	35	48	models	model	NOUN
eistud-16191	35	49	and	and	CCONJ
eistud-16191	35	50	particularly	particularly	ADV
eistud-16191	35	51	the	the	DET
eistud-16191	35	52	german	german	ADJ
eistud-16191	35	53	corporate	corporate	ADJ
eistud-16191	35	54	governance	governance	NOUN
eistud-16191	35	55	model	model	NOUN
eistud-16191	35	56	are	be	AUX
eistud-16191	35	57	really	really	ADV
eistud-16191	35	58	serving	serve	VERB
eistud-16191	35	59	effectively	effectively	ADV
eistud-16191	35	60	the	the	DET
eistud-16191	35	61	shareholders	shareholder	NOUN
eistud-16191	35	62	’	'	PUNCT
eistud-16191	35	63	inter­	inter­	NUM
eistud-16191	35	64	ests	est	NOUN
eistud-16191	35	65	.	.	PUNCT
eistud-16191	36	1	this	this	DET
eistud-16191	36	2	issue	issue	NOUN
eistud-16191	36	3	is	be	AUX
eistud-16191	36	4	examined	examine	VERB
eistud-16191	36	5	based	base	VERB
eistud-16191	36	6	on	on	ADP
eistud-16191	36	7	a	a	DET
eistud-16191	36	8	sample	sample	NOUN
eistud-16191	36	9	of	of	ADP
eistud-16191	36	10	128	128	NUM
eistud-16191	36	11	largest	large	ADJ
eistud-16191	36	12	german	german	ADJ
eistud-16191	36	13	stock	stock	NOUN
eistud-16191	36	14	–	–	PUNCT
eistud-16191	36	15	listed	list	VERB
eistud-16191	36	16	companies	company	NOUN
eistud-16191	36	17	constituting	constitute	VERB
eistud-16191	36	18	the	the	DET
eistud-16191	36	19	research	research	NOUN
eistud-16191	36	20	object	object	NOUN
eistud-16191	36	21	.	.	PUNCT
eistud-16191	37	1	the	the	DET
eistud-16191	37	2	aim	aim	NOUN
eistud-16191	37	3	of	of	ADP
eistud-16191	37	4	the	the	DET
eistud-16191	37	5	author	author	NOUN
eistud-16191	37	6	’s	’s	PART
eistud-16191	37	7	thesis	thesis	NOUN
eistud-16191	37	8	is	be	AUX
eistud-16191	37	9	to	to	PART
eistud-16191	37	10	analyze	analyze	VERB
eistud-16191	37	11	the	the	DET
eistud-16191	37	12	relationship	relationship	NOUN
eistud-16191	37	13	between	between	ADP
eistud-16191	37	14	essential	essential	ADJ
eistud-16191	37	15	parts	part	NOUN
eistud-16191	37	16	of	of	ADP
eistud-16191	37	17	the	the	DET
eistud-16191	37	18	german	german	ADJ
eistud-16191	37	19	corporate	corporate	ADJ
eistud-16191	37	20	governance	governance	NOUN
eistud-16191	37	21	model	model	NOUN
eistud-16191	37	22	with	with	ADP
eistud-16191	37	23	firm	firm	ADJ
eistud-16191	37	24	performance	performance	NOUN
eistud-16191	37	25	of	of	ADP
eistud-16191	37	26	german	german	ADJ
eistud-16191	37	27	listed	list	VERB
eistud-16191	37	28	companies	company	NOUN
eistud-16191	37	29	and	and	CCONJ
eistud-16191	37	30	to	to	PART
eistud-16191	37	31	identify	identify	VERB
eistud-16191	37	32	elements	element	NOUN
eistud-16191	37	33	with	with	ADP
eistud-16191	37	34	positive	positive	ADJ
eistud-16191	37	35	and	and	CCONJ
eistud-16191	37	36	negative	negative	ADJ
eistud-16191	37	37	effects	effect	NOUN
eistud-16191	37	38	.	.	PUNCT
eistud-16191	38	1	to	to	PART
eistud-16191	38	2	reach	reach	VERB
eistud-16191	38	3	this	this	DET
eistud-16191	38	4	aim	aim	NOUN
eistud-16191	38	5	,	,	PUNCT
eistud-16191	38	6	literature	literature	NOUN
eistud-16191	38	7	review	review	NOUN
eistud-16191	38	8	of	of	ADP
eistud-16191	38	9	high	high	ADJ
eistud-16191	38	10	–	–	PUNCT
eistud-16191	38	11	rated	rate	VERB
eistud-16191	38	12	academic	academic	ADJ
eistud-16191	38	13	journals	journal	NOUN
eistud-16191	38	14	and	and	CCONJ
eistud-16191	38	15	research	research	NOUN
eistud-16191	38	16	publications	publication	NOUN
eistud-16191	38	17	as	as	ADV
eistud-16191	38	18	well	well	ADV
eistud-16191	38	19	as	as	ADP
eistud-16191	38	20	prior	prior	ADJ
eistud-16191	38	21	empirical	empirical	ADJ
eistud-16191	38	22	research	research	NOUN
eistud-16191	38	23	identified	identify	VERB
eistud-16191	38	24	factors	factor	NOUN
eistud-16191	38	25	,	,	PUNCT
eistud-16191	38	26	variables	variable	NOUN
eistud-16191	38	27	and	and	CCONJ
eistud-16191	38	28	a	a	DET
eistud-16191	38	29	research	research	NOUN
eistud-16191	38	30	design	design	NOUN
eistud-16191	38	31	leading	lead	VERB
eistud-16191	38	32	to	to	ADP
eistud-16191	38	33	a	a	DET
eistud-16191	38	34	13	13	NUM
eistud-16191	38	35	factors	factor	NOUN
eistud-16191	38	36	–	–	PUNCT
eistud-16191	38	37	model	model	NOUN
eistud-16191	38	38	developed	develop	VERB
eistud-16191	38	39	by	by	ADP
eistud-16191	38	40	the	the	DET
eistud-16191	38	41	author	author	NOUN
eistud-16191	38	42	.	.	PUNCT
eistud-16191	39	1	the	the	DET
eistud-16191	39	2	data	datum	NOUN
eistud-16191	39	3	for	for	ADP
eistud-16191	39	4	these	these	DET
eistud-16191	39	5	13	13	NUM
eistud-16191	39	6	factors	factor	NOUN
eistud-16191	39	7	are	be	AUX
eistud-16191	39	8	collected	collect	VERB
eistud-16191	39	9	by	by	ADP
eistud-16191	39	10	the	the	DET
eistud-16191	39	11	author	author	NOUN
eistud-16191	39	12	through	through	ADP
eistud-16191	39	13	the	the	DET
eistud-16191	39	14	analysis	analysis	NOUN
eistud-16191	39	15	of	of	ADP
eistud-16191	39	16	256	256	NUM
eistud-16191	39	17	annual	annual	ADJ
eistud-16191	39	18	reports	report	NOUN
eistud-16191	39	19	of	of	ADP
eistud-16191	39	20	128	128	NUM
eistud-16191	39	21	companies	company	NOUN
eistud-16191	39	22	and	and	CCONJ
eistud-16191	39	23	through	through	ADP
eistud-16191	39	24	a	a	DET
eistud-16191	39	25	database	database	NOUN
eistud-16191	39	26	query	query	NOUN
eistud-16191	39	27	to	to	PART
eistud-16191	39	28	collect	collect	VERB
eistud-16191	39	29	data	datum	NOUN
eistud-16191	39	30	on	on	ADP
eistud-16191	39	31	company	company	NOUN
eistud-16191	39	32	financials	financial	NOUN
eistud-16191	39	33	.	.	PUNCT
eistud-16191	40	1	additionally	additionally	ADV
eistud-16191	40	2	,	,	PUNCT
eistud-16191	40	3	30	30	NUM
eistud-16191	40	4	expert	expert	NOUN
eistud-16191	40	5	interviews	interview	NOUN
eistud-16191	40	6	with	with	ADP
eistud-16191	40	7	supervi­	supervi­	PROPN
eistud-16191	40	8	sory	sory	PROPN
eistud-16191	40	9	board	board	NOUN
eistud-16191	40	10	members	member	NOUN
eistud-16191	40	11	of	of	ADP
eistud-16191	40	12	15	15	NUM
eistud-16191	40	13	top	top	ADJ
eistud-16191	40	14	–	–	PUNCT
eistud-16191	40	15	performing	perform	VERB
eistud-16191	40	16	and	and	CCONJ
eistud-16191	40	17	15	15	NUM
eistud-16191	40	18	non	non	ADJ
eistud-16191	40	19	–	–	PUNCT
eistud-16191	40	20	performing	perform	VERB
eistud-16191	40	21	companies	company	NOUN
eistud-16191	40	22	are	be	AUX
eistud-16191	40	23	conducted	conduct	VERB
eistud-16191	40	24	to	to	PART
eistud-16191	40	25	get	get	VERB
eistud-16191	40	26	deeper	deep	ADJ
eistud-16191	40	27	insights	insight	NOUN
eistud-16191	40	28	into	into	ADP
eistud-16191	40	29	the	the	DET
eistud-16191	40	30	qualitative	qualitative	NOUN
eistud-16191	40	31	(	(	PUNCT
eistud-16191	40	32	structural	structural	ADJ
eistud-16191	40	33	and	and	CCONJ
eistud-16191	40	34	processual	processual	ADJ
eistud-16191	40	35	)	)	PUNCT
eistud-16191	40	36	aspects	aspect	NOUN
eistud-16191	40	37	of	of	ADP
eistud-16191	40	38	supervisory	supervisory	ADJ
eistud-16191	40	39	board	board	NOUN
eistud-16191	40	40	activities	activity	NOUN
eistud-16191	40	41	and	and	CCONJ
eistud-16191	40	42	the	the	DET
eistud-16191	40	43	required	require	VERB
eistud-16191	40	44	competence	competence	NOUN
eistud-16191	40	45	.	.	PUNCT
eistud-16191	41	1	the	the	DET
eistud-16191	41	2	quantitative	quantitative	ADJ
eistud-16191	41	3	data	datum	NOUN
eistud-16191	41	4	are	be	AUX
eistud-16191	41	5	analyzed	analyze	VERB
eistud-16191	41	6	by	by	ADP
eistud-16191	41	7	means	mean	NOUN
eistud-16191	41	8	of	of	ADP
eistud-16191	41	9	bivariate	bivariate	ADJ
eistud-16191	41	10	correlation	correlation	NOUN
eistud-16191	41	11	analysis	analysis	NOUN
eistud-16191	41	12	,	,	PUNCT
eistud-16191	41	13	tests	test	NOUN
eistud-16191	41	14	for	for	ADP
eistud-16191	41	15	statistical	statistical	ADJ
eistud-16191	41	16	differences	difference	NOUN
eistud-16191	41	17	(	(	PUNCT
eistud-16191	41	18	t	t	NOUN
eistud-16191	41	19	–	–	PUNCT
eistud-16191	41	20	test	test	NOUN
eistud-16191	41	21	)	)	PUNCT
eistud-16191	41	22	and	and	CCONJ
eistud-16191	41	23	multiple	multiple	ADJ
eistud-16191	41	24	regression	regression	NOUN
eistud-16191	41	25	introduction	introduction	NOUN
eistud-16191	41	26	137	137	NUM
eistud-16191	41	27	european	european	ADJ
eistud-16191	41	28	integrat	integrat	NOUN
eistud-16191	41	29	ion	ion	NOUN
eistud-16191	41	30	studies	study	NOUN
eistud-16191	41	31	2016/10	2016/10	NUM
eistud-16191	41	32	analysis	analysis	NOUN
eistud-16191	41	33	.	.	PUNCT
eistud-16191	42	1	while	while	SCONJ
eistud-16191	42	2	the	the	DET
eistud-16191	42	3	author	author	NOUN
eistud-16191	42	4	’s	’s	PART
eistud-16191	42	5	study	study	NOUN
eistud-16191	42	6	provides	provide	VERB
eistud-16191	42	7	empirical	empirical	ADJ
eistud-16191	42	8	evidence	evidence	NOUN
eistud-16191	42	9	that	that	SCONJ
eistud-16191	42	10	main	main	ADJ
eistud-16191	42	11	elements	element	NOUN
eistud-16191	42	12	of	of	ADP
eistud-16191	42	13	the	the	DET
eistud-16191	42	14	ger­	ger­	NOUN
eistud-16191	42	15	man	man	NOUN
eistud-16191	42	16	corporate	corporate	ADJ
eistud-16191	42	17	governance	governance	NOUN
eistud-16191	42	18	procedures	procedure	NOUN
eistud-16191	42	19	and	and	CCONJ
eistud-16191	42	20	regulations	regulation	NOUN
eistud-16191	42	21	are	be	AUX
eistud-16191	42	22	irrelevant	irrelevant	ADJ
eistud-16191	42	23	for	for	ADP
eistud-16191	42	24	shareholders	shareholder	NOUN
eistud-16191	42	25	and	and	CCONJ
eistud-16191	42	26	stakeholders	stakeholder	NOUN
eistud-16191	42	27	or	or	CCONJ
eistud-16191	42	28	is	be	AUX
eistud-16191	42	29	even	even	ADV
eistud-16191	42	30	against	against	ADP
eistud-16191	42	31	their	their	PRON
eistud-16191	42	32	interests	interest	NOUN
eistud-16191	42	33	,	,	PUNCT
eistud-16191	42	34	this	this	DET
eistud-16191	42	35	paper	paper	NOUN
eistud-16191	42	36	focuses	focus	VERB
eistud-16191	42	37	on	on	ADP
eistud-16191	42	38	the	the	DET
eistud-16191	42	39	results	result	NOUN
eistud-16191	42	40	relative	relative	ADJ
eistud-16191	42	41	to	to	PART
eistud-16191	42	42	risk	risk	VERB
eistud-16191	42	43	aversion	aversion	NOUN
eistud-16191	42	44	in	in	ADP
eistud-16191	42	45	the	the	DET
eistud-16191	42	46	board	board	NOUN
eistud-16191	42	47	room	room	NOUN
eistud-16191	42	48	.	.	PUNCT
eistud-16191	43	1	the	the	DET
eistud-16191	43	2	‘	'	PUNCT
eistud-16191	43	3	theory	theory	NOUN
eistud-16191	43	4	’	'	PUNCT
eistud-16191	43	5	of	of	ADP
eistud-16191	43	6	corporate	corporate	ADJ
eistud-16191	43	7	governance	governance	NOUN
eistud-16191	43	8	governance	governance	NOUN
eistud-16191	43	9	is	be	AUX
eistud-16191	43	10	a	a	DET
eistud-16191	43	11	historic	historic	ADJ
eistud-16191	43	12	term	term	NOUN
eistud-16191	43	13	for	for	ADP
eistud-16191	43	14	the	the	DET
eistud-16191	43	15	description	description	NOUN
eistud-16191	43	16	,	,	PUNCT
eistud-16191	43	17	evaluation	evaluation	NOUN
eistud-16191	43	18	,	,	PUNCT
eistud-16191	43	19	and	and	CCONJ
eistud-16191	43	20	comparison	comparison	NOUN
eistud-16191	43	21	of	of	ADP
eistud-16191	43	22	state	state	NOUN
eistud-16191	43	23	gover­	gover­	PROPN
eistud-16191	43	24	nance	nance	NOUN
eistud-16191	43	25	.	.	PUNCT
eistud-16191	44	1	the	the	DET
eistud-16191	44	2	term	term	NOUN
eistud-16191	44	3	stood	stand	VERB
eistud-16191	44	4	linguistically	linguistically	ADV
eistud-16191	44	5	‘	'	PUNCT
eistud-16191	44	6	in	in	ADP
eistud-16191	44	7	competition	competition	NOUN
eistud-16191	44	8	’	'	PUNCT
eistud-16191	44	9	with	with	ADP
eistud-16191	44	10	the	the	DET
eistud-16191	44	11	term	term	NOUN
eistud-16191	44	12	government	government	NOUN
eistud-16191	44	13	,	,	PUNCT
eistud-16191	44	14	and	and	CCONJ
eistud-16191	44	15	was	be	AUX
eistud-16191	44	16	as	as	ADV
eistud-16191	44	17	such	such	ADJ
eistud-16191	44	18	often	often	ADV
eistud-16191	44	19	used	use	VERB
eistud-16191	44	20	as	as	ADP
eistud-16191	44	21	a	a	DET
eistud-16191	44	22	synonym	synonym	NOUN
eistud-16191	44	23	for	for	ADP
eistud-16191	44	24	government	government	NOUN
eistud-16191	44	25	in	in	ADP
eistud-16191	44	26	political	political	ADJ
eistud-16191	44	27	literature	literature	NOUN
eistud-16191	44	28	.	.	PUNCT
eistud-16191	45	1	however	however	ADV
eistud-16191	45	2	,	,	PUNCT
eistud-16191	45	3	the	the	DET
eistud-16191	45	4	term	term	NOUN
eistud-16191	45	5	governance	governance	NOUN
eistud-16191	45	6	was	be	AUX
eistud-16191	45	7	increasingly	increasingly	ADV
eistud-16191	45	8	less	less	ADV
eistud-16191	45	9	used	use	VERB
eistud-16191	45	10	in	in	ADP
eistud-16191	45	11	the	the	DET
eistud-16191	45	12	political	political	ADJ
eistud-16191	45	13	context	context	NOUN
eistud-16191	45	14	in	in	ADP
eistud-16191	45	15	the	the	DET
eistud-16191	45	16	20th	20th	ADJ
eistud-16191	45	17	century	century	NOUN
eistud-16191	45	18	(	(	PUNCT
eistud-16191	45	19	van	van	PROPN
eistud-16191	45	20	den	den	PROPN
eistud-16191	45	21	berghe	berghe	NOUN
eistud-16191	45	22	,	,	PUNCT
eistud-16191	45	23	1999	1999	NUM
eistud-16191	45	24	,	,	PUNCT
eistud-16191	45	25	pp	pp	ADV
eistud-16191	45	26	.	.	PUNCT
eistud-16191	46	1	220–221	220–221	NUM
eistud-16191	46	2	)	)	PUNCT
eistud-16191	46	3	.	.	PUNCT
eistud-16191	47	1	however	however	ADV
eistud-16191	47	2	,	,	PUNCT
eistud-16191	47	3	in	in	ADP
eistud-16191	47	4	the	the	DET
eistud-16191	47	5	1970s	1970	NOUN
eistud-16191	47	6	,	,	PUNCT
eistud-16191	47	7	the	the	DET
eistud-16191	47	8	concept	concept	NOUN
eistud-16191	47	9	of	of	ADP
eistud-16191	47	10	governance	governance	NOUN
eistud-16191	47	11	revived	revive	VERB
eistud-16191	47	12	in	in	ADP
eistud-16191	47	13	american	american	ADJ
eistud-16191	47	14	business	business	NOUN
eistud-16191	47	15	language	language	NOUN
eistud-16191	47	16	through	through	ADP
eistud-16191	47	17	the	the	DET
eistud-16191	47	18	concept	concept	NOUN
eistud-16191	47	19	of	of	ADP
eistud-16191	47	20	corporate	corporate	ADJ
eistud-16191	47	21	governance	governance	NOUN
eistud-16191	47	22	with	with	ADP
eistud-16191	47	23	the	the	DET
eistud-16191	47	24	focus	focus	NOUN
eistud-16191	47	25	on	on	ADP
eistud-16191	47	26	corporate	corporate	ADJ
eistud-16191	47	27	responsibil­	responsibil­	PROPN
eistud-16191	47	28	ity	ity	PROPN
eistud-16191	47	29	.	.	PROPN
eistud-16191	48	1	a	a	DET
eistud-16191	48	2	decade	decade	NOUN
eistud-16191	48	3	later	later	ADV
eistud-16191	48	4	,	,	PUNCT
eistud-16191	48	5	the	the	DET
eistud-16191	48	6	world	world	PROPN
eistud-16191	48	7	bank	bank	PROPN
eistud-16191	48	8	introduced	introduce	VERB
eistud-16191	48	9	the	the	DET
eistud-16191	48	10	term	term	NOUN
eistud-16191	48	11	good	good	ADJ
eistud-16191	48	12	governance	governance	NOUN
eistud-16191	48	13	and	and	CCONJ
eistud-16191	48	14	thus	thus	ADV
eistud-16191	48	15	coined	coin	VERB
eistud-16191	48	16	this	this	DET
eistud-16191	48	17	phrase	phrase	NOUN
eistud-16191	48	18	(	(	PUNCT
eistud-16191	48	19	wouters	wouter	NOUN
eistud-16191	48	20	&	&	CCONJ
eistud-16191	48	21	ryngaert	ryngaert	NOUN
eistud-16191	48	22	,	,	PUNCT
eistud-16191	48	23	2005	2005	NUM
eistud-16191	48	24	,	,	PUNCT
eistud-16191	48	25	p.	p.	NOUN
eistud-16191	48	26	72	72	NUM
eistud-16191	48	27	)	)	PUNCT
eistud-16191	48	28	.	.	PUNCT
eistud-16191	49	1	today	today	NOUN
eistud-16191	49	2	,	,	PUNCT
eistud-16191	49	3	corporate	corporate	ADJ
eistud-16191	49	4	governance	governance	NOUN
eistud-16191	49	5	defines	define	VERB
eistud-16191	49	6	the	the	DET
eistud-16191	49	7	regulato­	regulato­	NOUN
eistud-16191	49	8	ry	ry	NOUN
eistud-16191	49	9	framework	framework	NOUN
eistud-16191	49	10	for	for	ADP
eistud-16191	49	11	the	the	DET
eistud-16191	49	12	management	management	NOUN
eistud-16191	49	13	and	and	CCONJ
eistud-16191	49	14	supervision	supervision	NOUN
eistud-16191	49	15	of	of	ADP
eistud-16191	49	16	companies	company	NOUN
eistud-16191	49	17	.	.	PUNCT
eistud-16191	50	1	the	the	DET
eistud-16191	50	2	corporate	corporate	ADJ
eistud-16191	50	3	governance	governance	NOUN
eistud-16191	50	4	framework	framework	NOUN
eistud-16191	50	5	is	be	AUX
eistud-16191	50	6	largely	largely	ADV
eistud-16191	50	7	determined	determine	VERB
eistud-16191	50	8	by	by	ADP
eistud-16191	50	9	legislators	legislator	NOUN
eistud-16191	50	10	and	and	CCONJ
eistud-16191	50	11	owners	owner	NOUN
eistud-16191	50	12	(	(	PUNCT
eistud-16191	50	13	spira	spira	PROPN
eistud-16191	50	14	,	,	PUNCT
eistud-16191	50	15	2002	2002	NUM
eistud-16191	50	16	,	,	PUNCT
eistud-16191	50	17	p.	p.	NOUN
eistud-16191	50	18	11	11	NUM
eistud-16191	50	19	)	)	PUNCT
eistud-16191	50	20	,	,	PUNCT
eistud-16191	50	21	whereas	whereas	SCONJ
eistud-16191	50	22	the	the	DET
eistud-16191	50	23	actual	actual	ADJ
eistud-16191	50	24	corporate	corporate	ADJ
eistud-16191	50	25	governance	governance	NOUN
eistud-16191	50	26	design	design	NOUN
eistud-16191	50	27	is	be	AUX
eistud-16191	50	28	the	the	DET
eistud-16191	50	29	supervisory	supervisory	ADJ
eistud-16191	50	30	board	board	NOUN
eistud-16191	50	31	’s	’s	PART
eistud-16191	50	32	responsibility	responsibility	NOUN
eistud-16191	50	33	.	.	PUNCT
eistud-16191	51	1	the	the	DET
eistud-16191	51	2	company	company	NOUN
eistud-16191	51	3	–	–	PUNCT
eistud-16191	51	4	spe­	spe­	ADJ
eistud-16191	51	5	cific	cific	ADJ
eistud-16191	51	6	corporate	corporate	ADJ
eistud-16191	51	7	governance	governance	NOUN
eistud-16191	51	8	system	system	NOUN
eistud-16191	51	9	consists	consist	VERB
eistud-16191	51	10	of	of	ADP
eistud-16191	51	11	the	the	DET
eistud-16191	51	12	totality	totality	NOUN
eistud-16191	51	13	of	of	ADP
eistud-16191	51	14	relevant	relevant	ADJ
eistud-16191	51	15	laws	law	NOUN
eistud-16191	51	16	,	,	PUNCT
eistud-16191	51	17	regulations	regulation	NOUN
eistud-16191	51	18	,	,	PUNCT
eistud-16191	51	19	codes	code	NOUN
eistud-16191	51	20	,	,	PUNCT
eistud-16191	51	21	letters	letter	NOUN
eistud-16191	51	22	of	of	ADP
eistud-16191	51	23	intent	intent	NOUN
eistud-16191	51	24	,	,	PUNCT
eistud-16191	51	25	mission	mission	NOUN
eistud-16191	51	26	statement	statement	NOUN
eistud-16191	51	27	,	,	PUNCT
eistud-16191	51	28	and	and	CCONJ
eistud-16191	51	29	management	management	NOUN
eistud-16191	51	30	habits	habit	NOUN
eistud-16191	51	31	,	,	PUNCT
eistud-16191	51	32	and	and	CCONJ
eistud-16191	51	33	monitoring	monitoring	NOUN
eistud-16191	51	34	(	(	PUNCT
eistud-16191	51	35	oecd	oecd	PROPN
eistud-16191	51	36	,	,	PUNCT
eistud-16191	51	37	2010	2010	NUM
eistud-16191	51	38	,	,	PUNCT
eistud-16191	51	39	p.	p.	NOUN
eistud-16191	51	40	34	34	NUM
eistud-16191	51	41	)	)	PUNCT
eistud-16191	51	42	.	.	PUNCT
eistud-16191	52	1	however	however	ADV
eistud-16191	52	2	,	,	PUNCT
eistud-16191	52	3	there	there	PRON
eistud-16191	52	4	is	be	VERB
eistud-16191	52	5	still	still	ADV
eistud-16191	52	6	no	no	DET
eistud-16191	52	7	common	common	ADJ
eistud-16191	52	8	understanding	understanding	NOUN
eistud-16191	52	9	or	or	CCONJ
eistud-16191	52	10	a	a	DET
eistud-16191	52	11	single	single	ADJ
eistud-16191	52	12	definition	definition	NOUN
eistud-16191	52	13	of	of	ADP
eistud-16191	52	14	what	what	PRON
eistud-16191	52	15	exactly	exactly	ADV
eistud-16191	52	16	cor­	cor­	VERB
eistud-16191	52	17	porate	porate	ADJ
eistud-16191	52	18	governance	governance	NOUN
eistud-16191	52	19	means	mean	VERB
eistud-16191	52	20	or	or	CCONJ
eistud-16191	52	21	covers	cover	VERB
eistud-16191	52	22	(	(	PUNCT
eistud-16191	52	23	stiglbauer	stiglbauer	NOUN
eistud-16191	52	24	,	,	PUNCT
eistud-16191	52	25	2010	2010	NUM
eistud-16191	52	26	,	,	PUNCT
eistud-16191	52	27	p.	p.	NOUN
eistud-16191	52	28	9	9	NUM
eistud-16191	52	29	)	)	PUNCT
eistud-16191	52	30	.	.	PUNCT
eistud-16191	53	1	academic	academic	ADJ
eistud-16191	53	2	literature	literature	NOUN
eistud-16191	53	3	discusses	discuss	VERB
eistud-16191	53	4	good	good	ADJ
eistud-16191	53	5	corporate	corporate	ADJ
eistud-16191	53	6	governance	governance	NOUN
eistud-16191	53	7	and	and	CCONJ
eistud-16191	53	8	the	the	DET
eistud-16191	53	9	improvement	improvement	NOUN
eistud-16191	53	10	of	of	ADP
eistud-16191	53	11	existing	exist	VERB
eistud-16191	53	12	corporate	corporate	ADJ
eistud-16191	53	13	governance	governance	NOUN
eistud-16191	53	14	.	.	PUNCT
eistud-16191	54	1	good	good	ADJ
eistud-16191	54	2	corporate	corporate	ADJ
eistud-16191	54	3	governance	governance	NOUN
eistud-16191	54	4	should	should	AUX
eistud-16191	54	5	ensure	ensure	VERB
eistud-16191	54	6	and	and	CCONJ
eistud-16191	54	7	guide	guide	VERB
eistud-16191	54	8	a	a	DET
eistud-16191	54	9	responsible	responsible	ADJ
eistud-16191	54	10	,	,	PUNCT
eistud-16191	54	11	professional	professional	ADJ
eistud-16191	54	12	,	,	PUNCT
eistud-16191	54	13	and	and	CCONJ
eistud-16191	54	14	transparent	transparent	ADJ
eistud-16191	54	15	business	business	NOUN
eistud-16191	54	16	ad­	ad­	ADJ
eistud-16191	54	17	ministration	ministration	NOUN
eistud-16191	54	18	in	in	ADP
eistud-16191	54	19	the	the	DET
eistud-16191	54	20	interest	interest	NOUN
eistud-16191	54	21	of	of	ADP
eistud-16191	54	22	owners	owner	NOUN
eistud-16191	54	23	,	,	PUNCT
eistud-16191	54	24	but	but	CCONJ
eistud-16191	54	25	also	also	ADV
eistud-16191	54	26	of	of	ADP
eistud-16191	54	27	external	external	ADJ
eistud-16191	54	28	stakeholders	stakeholder	NOUN
eistud-16191	54	29	(	(	PUNCT
eistud-16191	54	30	i.e.	i.e.	X
eistud-16191	54	31	,	,	PUNCT
eistud-16191	54	32	creditors	creditor	NOUN
eistud-16191	54	33	,	,	PUNCT
eistud-16191	54	34	sales	sale	NOUN
eistud-16191	54	35	and	and	CCONJ
eistud-16191	54	36	procurement	procurement	NOUN
eistud-16191	54	37	markets	market	NOUN
eistud-16191	54	38	,	,	PUNCT
eistud-16191	54	39	society	society	NOUN
eistud-16191	54	40	,	,	PUNCT
eistud-16191	54	41	citizens	citizen	NOUN
eistud-16191	54	42	)	)	PUNCT
eistud-16191	54	43	(	(	PUNCT
eistud-16191	54	44	spedding	spedde	VERB
eistud-16191	54	45	,	,	PUNCT
eistud-16191	54	46	2009	2009	NUM
eistud-16191	54	47	,	,	PUNCT
eistud-16191	54	48	pp	pp	ADP
eistud-16191	54	49	.	.	PUNCT
eistud-16191	55	1	500–503	500–503	NUM
eistud-16191	55	2	)	)	PUNCT
eistud-16191	55	3	.	.	PUNCT
eistud-16191	56	1	discussed	discuss	VERB
eistud-16191	56	2	characteristics	characteristic	NOUN
eistud-16191	56	3	of	of	ADP
eistud-16191	56	4	‘	'	PUNCT
eistud-16191	56	5	good	good	ADJ
eistud-16191	56	6	’	'	PUNCT
eistud-16191	56	7	corporate	corporate	ADJ
eistud-16191	56	8	governance	governance	NOUN
eistud-16191	56	9	are	be	AUX
eistud-16191	56	10	(	(	PUNCT
eistud-16191	56	11	1	1	NUM
eistud-16191	56	12	)	)	PUNCT
eistud-16191	56	13	appropriate	appropriate	ADJ
eistud-16191	56	14	risk	risk	NOUN
eistud-16191	56	15	management	management	NOUN
eistud-16191	56	16	,	,	PUNCT
eistud-16191	56	17	(	(	PUNCT
eistud-16191	56	18	2	2	X
eistud-16191	56	19	)	)	PUNCT
eistud-16191	56	20	formal	formal	ADJ
eistud-16191	56	21	and	and	CCONJ
eistud-16191	56	22	transparent	transparent	ADJ
eistud-16191	56	23	procedures	procedure	NOUN
eistud-16191	56	24	for	for	ADP
eistud-16191	56	25	the	the	DET
eistud-16191	56	26	proposal	proposal	NOUN
eistud-16191	56	27	and	and	CCONJ
eistud-16191	56	28	election	election	NOUN
eistud-16191	56	29	of	of	ADP
eistud-16191	56	30	board	board	NOUN
eistud-16191	56	31	members	member	NOUN
eistud-16191	56	32	,	,	PUNCT
eistud-16191	56	33	(	(	PUNCT
eistud-16191	56	34	3	3	X
eistud-16191	56	35	)	)	PUNCT
eistud-16191	56	36	functional	functional	ADJ
eistud-16191	56	37	organizational	organizational	ADJ
eistud-16191	56	38	man­	man­	NOUN
eistud-16191	56	39	agement	agement	NOUN
eistud-16191	56	40	,	,	PUNCT
eistud-16191	56	41	(	(	PUNCT
eistud-16191	56	42	4	4	X
eistud-16191	56	43	)	)	PUNCT
eistud-16191	56	44	management	management	NOUN
eistud-16191	56	45	decisions	decision	NOUN
eistud-16191	56	46	focused	focus	VERB
eistud-16191	56	47	on	on	ADP
eistud-16191	56	48	long	long	ADJ
eistud-16191	56	49	–	–	PUNCT
eistud-16191	56	50	term	term	NOUN
eistud-16191	56	51	value	value	NOUN
eistud-16191	56	52	creation	creation	NOUN
eistud-16191	56	53	,	,	PUNCT
eistud-16191	56	54	(	(	PUNCT
eistud-16191	56	55	5	5	X
eistud-16191	56	56	)	)	PUNCT
eistud-16191	56	57	transparency	transparency	NOUN
eistud-16191	56	58	in	in	ADP
eistud-16191	56	59	internal	internal	ADJ
eistud-16191	56	60	and	and	CCONJ
eistud-16191	56	61	external	external	ADJ
eistud-16191	56	62	corporate	corporate	ADJ
eistud-16191	56	63	communications	communication	NOUN
eistud-16191	56	64	,	,	PUNCT
eistud-16191	56	65	(	(	PUNCT
eistud-16191	56	66	6	6	X
eistud-16191	56	67	)	)	PUNCT
eistud-16191	56	68	safeguarding	safeguard	VERB
eistud-16191	56	69	mechanisms	mechanism	NOUN
eistud-16191	56	70	to	to	PART
eistud-16191	56	71	secure	secure	VERB
eistud-16191	56	72	the	the	DET
eistud-16191	56	73	interests	interest	NOUN
eistud-16191	56	74	of	of	ADP
eistud-16191	56	75	various	various	ADJ
eistud-16191	56	76	groups	group	NOUN
eistud-16191	56	77	(	(	PUNCT
eistud-16191	56	78	stakeholders	stakeholder	NOUN
eistud-16191	56	79	)	)	PUNCT
eistud-16191	56	80	,	,	PUNCT
eistud-16191	56	81	and	and	CCONJ
eistud-16191	56	82	,	,	PUNCT
eistud-16191	56	83	overall	overall	ADV
eistud-16191	56	84	,	,	PUNCT
eistud-16191	56	85	(	(	PUNCT
eistud-16191	56	86	7	7	X
eistud-16191	56	87	)	)	PUNCT
eistud-16191	56	88	a	a	DET
eistud-16191	56	89	clearly	clearly	ADV
eistud-16191	56	90	defined	define	VERB
eistud-16191	56	91	management	management	NOUN
eistud-16191	56	92	and	and	CCONJ
eistud-16191	56	93	control	control	NOUN
eistud-16191	56	94	structure	structure	NOUN
eistud-16191	56	95	(	(	PUNCT
eistud-16191	56	96	passenheim	passenheim	PROPN
eistud-16191	56	97	,	,	PUNCT
eistud-16191	56	98	2010	2010	NUM
eistud-16191	56	99	,	,	PUNCT
eistud-16191	56	100	p.	p.	NOUN
eistud-16191	56	101	11	11	NUM
eistud-16191	56	102	)	)	PUNCT
eistud-16191	56	103	.	.	PUNCT
eistud-16191	57	1	governance	governance	NOUN
eistud-16191	57	2	relies	rely	VERB
eistud-16191	57	3	on	on	ADP
eistud-16191	57	4	its	its	PRON
eistud-16191	57	5	effectiveness	effectiveness	NOUN
eistud-16191	57	6	for	for	ADP
eistud-16191	57	7	the	the	DET
eistud-16191	57	8	trans­	trans­	ADJ
eistud-16191	57	9	parency	parency	NOUN
eistud-16191	57	10	of	of	ADP
eistud-16191	57	11	financial	financial	ADJ
eistud-16191	57	12	information	information	NOUN
eistud-16191	57	13	and	and	CCONJ
eistud-16191	57	14	the	the	DET
eistud-16191	57	15	transparency	transparency	NOUN
eistud-16191	57	16	of	of	ADP
eistud-16191	57	17	management	management	NOUN
eistud-16191	57	18	decisions	decision	NOUN
eistud-16191	57	19	so	so	SCONJ
eistud-16191	57	20	that	that	SCONJ
eistud-16191	57	21	external	external	ADJ
eistud-16191	57	22	‘	'	PUNCT
eistud-16191	57	23	market	market	NOUN
eistud-16191	57	24	’	'	PUNCT
eistud-16191	57	25	mechanisms	mechanism	NOUN
eistud-16191	57	26	can	can	AUX
eistud-16191	57	27	be	be	AUX
eistud-16191	57	28	effective	effective	ADJ
eistud-16191	57	29	through	through	ADP
eistud-16191	57	30	disciplinary	disciplinary	ADJ
eistud-16191	57	31	effects	effect	NOUN
eistud-16191	57	32	on	on	ADP
eistud-16191	57	33	the	the	DET
eistud-16191	57	34	company	company	NOUN
eistud-16191	57	35	.	.	PUNCT
eistud-16191	58	1	in	in	ADP
eistud-16191	58	2	addition	addition	NOUN
eistud-16191	58	3	to	to	ADP
eistud-16191	58	4	these	these	DET
eistud-16191	58	5	external	external	ADJ
eistud-16191	58	6	market	market	NOUN
eistud-16191	58	7	monitoring	monitoring	NOUN
eistud-16191	58	8	mechanisms	mechanism	NOUN
eistud-16191	58	9	,	,	PUNCT
eistud-16191	58	10	the	the	DET
eistud-16191	58	11	agency	agency	NOUN
eistud-16191	58	12	theory	theory	NOUN
eistud-16191	58	13	discourse	discourse	NOUN
eistud-16191	58	14	has	have	AUX
eistud-16191	58	15	shaped	shape	VERB
eistud-16191	58	16	the	the	DET
eistud-16191	58	17	internal	internal	ADJ
eistud-16191	58	18	boardroom	boardroom	NOUN
eistud-16191	58	19	reform	reform	NOUN
eistud-16191	58	20	(	(	PUNCT
eistud-16191	58	21	bratton	bratton	PROPN
eistud-16191	58	22	,	,	PUNCT
eistud-16191	58	23	2012	2012	NUM
eistud-16191	58	24	,	,	PUNCT
eistud-16191	58	25	p.	p.	NOUN
eistud-16191	58	26	102	102	NUM
eistud-16191	58	27	)	)	PUNCT
eistud-16191	58	28	.	.	PUNCT
eistud-16191	59	1	perhaps	perhaps	ADV
eistud-16191	59	2	the	the	DET
eistud-16191	59	3	most	most	ADV
eistud-16191	59	4	significant	significant	ADJ
eistud-16191	59	5	contribution	contribution	NOUN
eistud-16191	59	6	in	in	ADP
eistud-16191	59	7	this	this	DET
eistud-16191	59	8	context	context	NOUN
eistud-16191	59	9	came	come	VERB
eistud-16191	59	10	in	in	ADP
eistud-16191	59	11	the	the	DET
eistud-16191	59	12	form	form	NOUN
eistud-16191	59	13	of	of	ADP
eistud-16191	59	14	the	the	DET
eistud-16191	59	15	widespread	widespread	ADJ
eistud-16191	59	16	adoption	adoption	NOUN
eistud-16191	59	17	of	of	ADP
eistud-16191	59	18	performance	performance	NOUN
eistud-16191	59	19	–	–	PUNCT
eistud-16191	59	20	based	base	VERB
eistud-16191	59	21	executive	executive	ADJ
eistud-16191	59	22	com­	com­	NOUN
eistud-16191	59	23	pensation	pensation	NOUN
eistud-16191	59	24	schemes	scheme	NOUN
eistud-16191	59	25	(	(	PUNCT
eistud-16191	59	26	bratton	bratton	PROPN
eistud-16191	59	27	,	,	PUNCT
eistud-16191	59	28	2012	2012	NUM
eistud-16191	59	29	,	,	PUNCT
eistud-16191	59	30	pp	pp	ADV
eistud-16191	59	31	.	.	PUNCT
eistud-16191	60	1	111–115	111–115	NUM
eistud-16191	60	2	)	)	PUNCT
eistud-16191	60	3	,	,	PUNCT
eistud-16191	60	4	which	which	PRON
eistud-16191	60	5	follows	follow	VERB
eistud-16191	60	6	directly	directly	ADV
eistud-16191	60	7	from	from	ADP
eistud-16191	60	8	the	the	DET
eistud-16191	60	9	assumption	assumption	NOUN
eistud-16191	60	10	that	that	SCONJ
eistud-16191	60	11	the	the	DET
eistud-16191	60	12	executives	executive	NOUN
eistud-16191	60	13	self	self	NOUN
eistud-16191	60	14	–	–	PUNCT
eistud-16191	60	15	interest	interest	NOUN
eistud-16191	60	16	must	must	AUX
eistud-16191	60	17	be	be	AUX
eistud-16191	60	18	aligned	align	VERB
eistud-16191	60	19	with	with	ADP
eistud-16191	60	20	the	the	DET
eistud-16191	60	21	shareholders	shareholder	NOUN
eistud-16191	60	22	’	’	PART
eistud-16191	60	23	interests	interest	NOUN
eistud-16191	60	24	,	,	PUNCT
eistud-16191	60	25	for	for	ADP
eistud-16191	60	26	exam­	exam­	PROPN
eistud-16191	60	27	ple	ple	PROPN
eistud-16191	60	28	,	,	PUNCT
eistud-16191	60	29	through	through	ADP
eistud-16191	60	30	value	value	NOUN
eistud-16191	60	31	–	–	PUNCT
eistud-16191	60	32	based	base	VERB
eistud-16191	60	33	key	key	ADJ
eistud-16191	60	34	performance	performance	NOUN
eistud-16191	60	35	indicator	indicator	NOUN
eistud-16191	60	36	systems	system	NOUN
eistud-16191	60	37	,	,	PUNCT
eistud-16191	60	38	rewarding	reward	VERB
eistud-16191	60	39	an	an	DET
eistud-16191	60	40	increase	increase	NOUN
eistud-16191	60	41	of	of	ADP
eistud-16191	60	42	added	add	VERB
eistud-16191	60	43	economic	economic	ADJ
eistud-16191	60	44	value	value	NOUN
eistud-16191	60	45	,	,	PUNCT
eistud-16191	60	46	etc	etc	X
eistud-16191	60	47	.	.	X
eistud-16191	61	1	(	(	PUNCT
eistud-16191	61	2	zarbafi	zarbafi	NOUN
eistud-16191	61	3	,	,	PUNCT
eistud-16191	61	4	2011	2011	NUM
eistud-16191	61	5	,	,	PUNCT
eistud-16191	61	6	pp	pp	ADV
eistud-16191	61	7	.	.	PUNCT
eistud-16191	62	1	61–63).the	61–63).the	DET
eistud-16191	62	2	subject	subject	NOUN
eistud-16191	62	3	of	of	ADP
eistud-16191	62	4	‘	'	PUNCT
eistud-16191	62	5	good	good	ADJ
eistud-16191	62	6	’	'	PUNCT
eistud-16191	62	7	corporate	corporate	ADJ
eistud-16191	62	8	governance	governance	NOUN
eistud-16191	62	9	has	have	AUX
eistud-16191	62	10	gained	gain	VERB
eistud-16191	62	11	in	in	ADP
eistud-16191	62	12	importance	importance	NOUN
eistud-16191	62	13	also	also	ADV
eistud-16191	62	14	in	in	ADP
eistud-16191	62	15	germany	germany	PROPN
eistud-16191	62	16	since	since	SCONJ
eistud-16191	62	17	the	the	DET
eistud-16191	62	18	1990s	1990s	NUM
eistud-16191	62	19	.	.	PUNCT
eistud-16191	63	1	the	the	DET
eistud-16191	63	2	german	german	ADJ
eistud-16191	63	3	government	government	NOUN
eistud-16191	63	4	passed	pass	VERB
eistud-16191	63	5	the	the	DET
eistud-16191	63	6	law	law	NOUN
eistud-16191	63	7	of	of	ADP
eistud-16191	63	8	control	control	NOUN
eistud-16191	63	9	and	and	CCONJ
eistud-16191	63	10	transparency	transparency	NOUN
eistud-16191	63	11	(	(	PUNCT
eistud-16191	63	12	kontrag	kontrag	PROPN
eistud-16191	63	13	)	)	PUNCT
eistud-16191	63	14	in	in	ADP
eistud-16191	63	15	1998	1998	NUM
eistud-16191	63	16	,	,	PUNCT
eistud-16191	63	17	which	which	PRON
eistud-16191	63	18	was	be	AUX
eistud-16191	63	19	the	the	DET
eistud-16191	63	20	first	first	ADJ
eistud-16191	63	21	actual	actual	ADJ
eistud-16191	63	22	corporate	corporate	ADJ
eistud-16191	63	23	governance	governance	NOUN
eistud-16191	63	24	law	law	NOUN
eistud-16191	63	25	in	in	ADP
eistud-16191	63	26	germany	germany	PROPN
eistud-16191	63	27	,	,	PUNCT
eistud-16191	63	28	which	which	PRON
eistud-16191	63	29	extended	extend	VERB
eistud-16191	63	30	the	the	DET
eistud-16191	63	31	liability	liability	NOUN
eistud-16191	63	32	of	of	ADP
eistud-16191	63	33	directors	director	NOUN
eistud-16191	63	34	,	,	PUNCT
eistud-16191	63	35	supervisors	supervisor	NOUN
eistud-16191	63	36	and	and	CCONJ
eistud-16191	63	37	auditors	auditor	NOUN
eistud-16191	63	38	.	.	PUNCT
eistud-16191	64	1	the	the	DET
eistud-16191	64	2	core	core	NOUN
eistud-16191	64	3	of	of	ADP
eistud-16191	64	4	this	this	DET
eistud-16191	64	5	law	law	NOUN
eistud-16191	64	6	is	be	AUX
eistud-16191	64	7	a	a	DET
eistud-16191	64	8	provision	provision	NOUN
eistud-16191	64	9	forcing	force	VERB
eistud-16191	64	10	companies	company	NOUN
eistud-16191	64	11	to	to	PART
eistud-16191	64	12	introduce	introduce	VERB
eistud-16191	64	13	and	and	CCONJ
eistud-16191	64	14	operate	operate	VERB
eistud-16191	64	15	company	company	NOUN
eistud-16191	64	16	–	–	PUNCT
eistud-16191	64	17	wide	wide	ADJ
eistud-16191	64	18	early	early	ADJ
eistud-16191	64	19	warn­	warn­	PUNCT
eistud-16191	64	20	ing	ing	ADJ
eistud-16191	64	21	systems	system	NOUN
eistud-16191	64	22	and	and	CCONJ
eistud-16191	64	23	to	to	PART
eistud-16191	64	24	publish	publish	VERB
eistud-16191	64	25	statements	statement	NOUN
eistud-16191	64	26	about	about	ADP
eistud-16191	64	27	risks	risk	NOUN
eistud-16191	64	28	and	and	CCONJ
eistud-16191	64	29	the	the	DET
eistud-16191	64	30	company	company	NOUN
eistud-16191	64	31	’s	’s	PART
eistud-16191	64	32	risk	risk	NOUN
eistud-16191	64	33	structure	structure	NOUN
eistud-16191	64	34	in	in	ADP
eistud-16191	64	35	a	a	DET
eistud-16191	64	36	spe­	spe­	ADJ
eistud-16191	64	37	cial	cial	ADJ
eistud-16191	64	38	report	report	NOUN
eistud-16191	64	39	attached	attach	VERB
eistud-16191	64	40	to	to	ADP
eistud-16191	64	41	the	the	DET
eistud-16191	64	42	annual	annual	ADJ
eistud-16191	64	43	report	report	NOUN
eistud-16191	64	44	.	.	PUNCT
eistud-16191	65	1	in	in	ADP
eistud-16191	65	2	2000	2000	NUM
eistud-16191	65	3	,	,	PUNCT
eistud-16191	65	4	the	the	DET
eistud-16191	65	5	federal	federal	ADJ
eistud-16191	65	6	government	government	NOUN
eistud-16191	65	7	set	set	VERB
eistud-16191	65	8	up	up	ADP
eistud-16191	65	9	a	a	DET
eistud-16191	65	10	government	government	NOUN
eistud-16191	65	11	commission	commission	NOUN
eistud-16191	65	12	on	on	ADP
eistud-16191	65	13	the	the	DET
eistud-16191	65	14	modernization	modernization	NOUN
eistud-16191	65	15	of	of	ADP
eistud-16191	65	16	company	company	NOUN
eistud-16191	65	17	law	law	NOUN
eistud-16191	65	18	,	,	PUNCT
eistud-16191	65	19	due	due	ADP
eistud-16191	65	20	to	to	ADP
eistud-16191	65	21	the	the	DET
eistud-16191	65	22	bankruptcy	bankruptcy	NOUN
eistud-16191	65	23	of	of	ADP
eistud-16191	65	24	one	one	NUM
eistud-16191	65	25	of	of	ADP
eistud-16191	65	26	germany	germany	PROPN
eistud-16191	65	27	’s	’s	PART
eistud-16191	65	28	largest	large	ADJ
eistud-16191	65	29	construction	construction	NOUN
eistud-16191	65	30	companies	company	NOUN
eistud-16191	65	31	.	.	PUNCT
eistud-16191	66	1	among	among	ADP
eistud-16191	66	2	other	other	ADJ
eistud-16191	66	3	things	thing	NOUN
eistud-16191	66	4	,	,	PUNCT
eistud-16191	66	5	this	this	DET
eistud-16191	66	6	commission	commission	NOUN
eistud-16191	66	7	recommended	recommend	VERB
eistud-16191	66	8	develop­	develop­	ADJ
eistud-16191	66	9	european	european	ADJ
eistud-16191	66	10	integrat	integrat	NOUN
eistud-16191	66	11	ion	ion	NOUN
eistud-16191	66	12	studies	study	NOUN
eistud-16191	66	13	2016/10	2016/10	NUM
eistud-16191	66	14	138	138	NUM
eistud-16191	66	15	ing	e	VERB
eistud-16191	66	16	a	a	DET
eistud-16191	66	17	‘	'	PUNCT
eistud-16191	66	18	best	good	ADJ
eistud-16191	66	19	practice	practice	NOUN
eistud-16191	66	20	code	code	NOUN
eistud-16191	66	21	’	'	PUNCT
eistud-16191	66	22	for	for	ADP
eistud-16191	66	23	german	german	ADJ
eistud-16191	66	24	companies	company	NOUN
eistud-16191	66	25	.	.	PUNCT
eistud-16191	67	1	for	for	ADP
eistud-16191	67	2	this	this	DET
eistud-16191	67	3	end	end	NOUN
eistud-16191	67	4	,	,	PUNCT
eistud-16191	67	5	the	the	DET
eistud-16191	67	6	‘	'	PUNCT
eistud-16191	67	7	government	government	NOUN
eistud-16191	67	8	commission	commission	NOUN
eistud-16191	67	9	on	on	ADP
eistud-16191	67	10	the	the	DET
eistud-16191	67	11	german	german	ADJ
eistud-16191	67	12	corporate	corporate	ADJ
eistud-16191	67	13	governance	governance	NOUN
eistud-16191	67	14	code	code	NOUN
eistud-16191	67	15	’	'	PUNCT
eistud-16191	67	16	was	be	AUX
eistud-16191	67	17	formed	form	VERB
eistud-16191	67	18	as	as	ADP
eistud-16191	67	19	a	a	DET
eistud-16191	67	20	self	self	NOUN
eistud-16191	67	21	–	–	PUNCT
eistud-16191	67	22	regulation	regulation	NOUN
eistud-16191	67	23	measure	measure	NOUN
eistud-16191	67	24	of	of	ADP
eistud-16191	67	25	the	the	DET
eistud-16191	67	26	economy	economy	NOUN
eistud-16191	67	27	in	in	ADP
eistud-16191	67	28	2001	2001	NUM
eistud-16191	67	29	.	.	PUNCT
eistud-16191	68	1	the	the	DET
eistud-16191	68	2	commission	commission	NOUN
eistud-16191	68	3	is	be	AUX
eistud-16191	68	4	funded	fund	VERB
eistud-16191	68	5	by	by	ADP
eistud-16191	68	6	the	the	DET
eistud-16191	68	7	private	private	ADJ
eistud-16191	68	8	sector	sector	NOUN
eistud-16191	68	9	and	and	CCONJ
eistud-16191	68	10	completely	completely	ADV
eistud-16191	68	11	independent	independent	ADJ
eistud-16191	68	12	in	in	ADP
eistud-16191	68	13	their	their	PRON
eistud-16191	68	14	decisions	decision	NOUN
eistud-16191	68	15	.	.	PUNCT
eistud-16191	69	1	the	the	DET
eistud-16191	69	2	government	government	NOUN
eistud-16191	69	3	can	can	AUX
eistud-16191	69	4	not	not	PART
eistud-16191	69	5	give	give	VERB
eistud-16191	69	6	instructions	instruction	NOUN
eistud-16191	69	7	for	for	ADP
eistud-16191	69	8	the	the	DET
eistud-16191	69	9	design	design	NOUN
eistud-16191	69	10	of	of	ADP
eistud-16191	69	11	the	the	DET
eistud-16191	69	12	code	code	NOUN
eistud-16191	69	13	.	.	PUNCT
eistud-16191	70	1	(	(	PUNCT
eistud-16191	70	2	jannott	jannott	PROPN
eistud-16191	70	3	&	&	CCONJ
eistud-16191	70	4	frodermann	frodermann	PROPN
eistud-16191	70	5	,	,	PUNCT
eistud-16191	70	6	2014	2014	NUM
eistud-16191	70	7	,	,	PUNCT
eistud-16191	70	8	pp	pp	ADJ
eistud-16191	70	9	.	.	PUNCT
eistud-16191	71	1	266–268	266–268	NUM
eistud-16191	71	2	)	)	PUNCT
eistud-16191	71	3	.	.	PUNCT
eistud-16191	72	1	the	the	DET
eistud-16191	72	2	commission	commission	NOUN
eistud-16191	72	3	does	do	AUX
eistud-16191	72	4	not	not	PART
eistud-16191	72	5	include	include	VERB
eistud-16191	72	6	any	any	DET
eistud-16191	72	7	representative	representative	NOUN
eistud-16191	72	8	of	of	ADP
eistud-16191	72	9	the	the	DET
eistud-16191	72	10	government	government	NOUN
eistud-16191	72	11	or	or	CCONJ
eistud-16191	72	12	politics	politic	NOUN
eistud-16191	72	13	and	and	CCONJ
eistud-16191	72	14	released	release	VERB
eistud-16191	72	15	the	the	DET
eistud-16191	72	16	“	"	PUNCT
eistud-16191	72	17	german	german	ADJ
eistud-16191	72	18	corporate	corporate	ADJ
eistud-16191	72	19	governance	governance	NOUN
eistud-16191	72	20	code	code	NOUN
eistud-16191	72	21	”	"	PUNCT
eistud-16191	72	22	in	in	ADP
eistud-16191	72	23	2002	2002	NUM
eistud-16191	72	24	.	.	PUNCT
eistud-16191	73	1	due	due	ADP
eistud-16191	73	2	to	to	ADP
eistud-16191	73	3	the	the	DET
eistud-16191	73	4	subsequent	subsequent	ADJ
eistud-16191	73	5	publication	publication	NOUN
eistud-16191	73	6	in	in	ADP
eistud-16191	73	7	the	the	DET
eistud-16191	73	8	federal	federal	ADJ
eistud-16191	73	9	law	law	NOUN
eistud-16191	73	10	gazette	gazette	PROPN
eistud-16191	73	11	the	the	DET
eistud-16191	73	12	declaration	declaration	NOUN
eistud-16191	73	13	obligation	obligation	NOUN
eistud-16191	73	14	in	in	ADP
eistud-16191	73	15	section	section	NOUN
eistud-16191	73	16	161	161	NUM
eistud-16191	73	17	in	in	ADP
eistud-16191	73	18	the	the	DET
eistud-16191	73	19	stock	stock	NOUN
eistud-16191	73	20	corporation	corporation	PROPN
eistud-16191	73	21	act	act	PROPN
eistud-16191	73	22	applies	apply	VERB
eistud-16191	73	23	for	for	ADP
eistud-16191	73	24	listed	list	VERB
eistud-16191	73	25	companies	company	NOUN
eistud-16191	73	26	.	.	PUNCT
eistud-16191	74	1	the	the	DET
eistud-16191	74	2	supervisory	supervisory	ADJ
eistud-16191	74	3	and	and	CCONJ
eistud-16191	74	4	executive	executive	ADJ
eistud-16191	74	5	boards	board	NOUN
eistud-16191	74	6	of	of	ADP
eistud-16191	74	7	corporations	corporation	NOUN
eistud-16191	74	8	are	be	AUX
eistud-16191	74	9	obliged	oblige	VERB
eistud-16191	74	10	annually	annually	ADV
eistud-16191	74	11	to	to	PART
eistud-16191	74	12	explain	explain	VERB
eistud-16191	74	13	if	if	SCONJ
eistud-16191	74	14	the	the	DET
eistud-16191	74	15	code	code	NOUN
eistud-16191	74	16	is	be	AUX
eistud-16191	74	17	adopted	adopt	VERB
eistud-16191	74	18	as	as	ADP
eistud-16191	74	19	a	a	DET
eistud-16191	74	20	whole	whole	ADJ
eistud-16191	74	21	or	or	CCONJ
eistud-16191	74	22	only	only	ADJ
eistud-16191	74	23	parts	part	NOUN
eistud-16191	74	24	of	of	ADP
eistud-16191	74	25	the	the	DET
eistud-16191	74	26	code	code	NOUN
eistud-16191	74	27	are	be	AUX
eistud-16191	74	28	followed	follow	VERB
eistud-16191	74	29	(	(	PUNCT
eistud-16191	74	30	so	so	ADV
eistud-16191	74	31	–	–	PUNCT
eistud-16191	74	32	called	call	VERB
eistud-16191	74	33	qualified	qualified	ADJ
eistud-16191	74	34	deviation	deviation	NOUN
eistud-16191	74	35	explanation	explanation	NOUN
eistud-16191	74	36	or	or	CCONJ
eistud-16191	74	37	selection	selection	NOUN
eistud-16191	74	38	solution	solution	NOUN
eistud-16191	74	39	)	)	PUNCT
eistud-16191	74	40	.	.	PUNCT
eistud-16191	75	1	(	(	PUNCT
eistud-16191	75	2	jannott	jannott	PROPN
eistud-16191	75	3	&	&	CCONJ
eistud-16191	75	4	frodermann	frodermann	PROPN
eistud-16191	75	5	,	,	PUNCT
eistud-16191	75	6	2014	2014	NUM
eistud-16191	75	7	,	,	PUNCT
eistud-16191	75	8	pp	pp	ADJ
eistud-16191	75	9	.	.	PUNCT
eistud-16191	76	1	266–268	266–268	NUM
eistud-16191	76	2	)	)	PUNCT
eistud-16191	76	3	.	.	PUNCT
eistud-16191	77	1	the	the	DET
eistud-16191	77	2	declaration	declaration	NOUN
eistud-16191	77	3	must	must	AUX
eistud-16191	77	4	be	be	AUX
eistud-16191	77	5	made	make	VERB
eistud-16191	77	6	permanently	permanently	ADV
eistud-16191	77	7	available	available	ADJ
eistud-16191	77	8	to	to	ADP
eistud-16191	77	9	the	the	DET
eistud-16191	77	10	shareholders	shareholder	NOUN
eistud-16191	77	11	and	and	CCONJ
eistud-16191	77	12	all	all	DET
eistud-16191	77	13	other	other	ADJ
eistud-16191	77	14	inter­	inter­	NUM
eistud-16191	77	15	ested	este	VERB
eistud-16191	77	16	parties	party	NOUN
eistud-16191	77	17	on	on	ADP
eistud-16191	77	18	the	the	DET
eistud-16191	77	19	company	company	NOUN
eistud-16191	77	20	’s	’s	PART
eistud-16191	77	21	website	website	NOUN
eistud-16191	77	22	.	.	PUNCT
eistud-16191	78	1	the	the	DET
eistud-16191	78	2	german	german	ADJ
eistud-16191	78	3	corporate	corporate	ADJ
eistud-16191	78	4	governance	governance	NOUN
eistud-16191	78	5	codex	codex	NOUN
eistud-16191	78	6	(	(	PUNCT
eistud-16191	78	7	dcgk	dcgk	PROPN
eistud-16191	78	8	)	)	PUNCT
eistud-16191	78	9	is	be	AUX
eistud-16191	78	10	a	a	DET
eistud-16191	78	11	reaction	reaction	NOUN
eistud-16191	78	12	to	to	ADP
eistud-16191	78	13	the	the	DET
eistud-16191	78	14	criticisms	criticism	NOUN
eistud-16191	78	15	of	of	ADP
eistud-16191	78	16	the	the	DET
eistud-16191	78	17	german	german	ADJ
eistud-16191	78	18	corporate	corporate	ADJ
eistud-16191	78	19	‘	'	PUNCT
eistud-16191	78	20	constitution	constitution	NOUN
eistud-16191	78	21	’	'	PUNCT
eistud-16191	78	22	expressed	express	VERB
eistud-16191	78	23	particularly	particularly	ADV
eistud-16191	78	24	from	from	ADP
eistud-16191	78	25	international	international	ADJ
eistud-16191	78	26	investors	investor	NOUN
eistud-16191	78	27	such	such	ADJ
eistud-16191	78	28	as	as	ADP
eistud-16191	78	29	,	,	PUNCT
eistud-16191	78	30	for	for	ADP
eistud-16191	78	31	example	example	NOUN
eistud-16191	78	32	,	,	PUNCT
eistud-16191	78	33	the	the	DET
eistud-16191	78	34	lack	lack	NOUN
eistud-16191	78	35	of	of	ADP
eistud-16191	78	36	transparency	transparency	NOUN
eistud-16191	78	37	,	,	PUNCT
eistud-16191	78	38	as	as	ADV
eistud-16191	78	39	well	well	ADV
eistud-16191	78	40	as	as	ADP
eistud-16191	78	41	inadequate	inadequate	ADJ
eistud-16191	78	42	focus	focus	NOUN
eistud-16191	78	43	on	on	ADP
eistud-16191	78	44	shareholder	shareholder	NOUN
eistud-16191	78	45	interests	interest	NOUN
eistud-16191	78	46	and	and	CCONJ
eistud-16191	78	47	of	of	ADP
eistud-16191	78	48	board	board	NOUN
eistud-16191	78	49	professionalism	professionalism	NOUN
eistud-16191	78	50	,	,	PUNCT
eistud-16191	78	51	diversity	diversity	NOUN
eistud-16191	78	52	,	,	PUNCT
eistud-16191	78	53	and	and	CCONJ
eistud-16191	78	54	independence	independence	NOUN
eistud-16191	78	55	.	.	PUNCT
eistud-16191	79	1	the	the	DET
eistud-16191	79	2	aim	aim	NOUN
eistud-16191	79	3	is	be	AUX
eistud-16191	79	4	also	also	ADV
eistud-16191	79	5	to	to	PART
eistud-16191	79	6	unify	unify	VERB
eistud-16191	79	7	and	and	CCONJ
eistud-16191	79	8	standardize	standardize	VERB
eistud-16191	79	9	measures	measure	NOUN
eistud-16191	79	10	concerning	concern	VERB
eistud-16191	79	11	the	the	DET
eistud-16191	79	12	fulfillment	fulfillment	NOUN
eistud-16191	79	13	of	of	ADP
eistud-16191	79	14	‘	'	PUNCT
eistud-16191	79	15	good	good	ADJ
eistud-16191	79	16	’	'	PUNCT
eistud-16191	79	17	corporate	corporate	ADJ
eistud-16191	79	18	gov­	gov­	NOUN
eistud-16191	79	19	ernance	ernance	NOUN
eistud-16191	79	20	(	(	PUNCT
eistud-16191	79	21	rode	ride	VERB
eistud-16191	79	22	,	,	PUNCT
eistud-16191	79	23	2009	2009	NUM
eistud-16191	79	24	,	,	PUNCT
eistud-16191	79	25	p.	p.	NOUN
eistud-16191	79	26	110	110	NUM
eistud-16191	79	27	)	)	PUNCT
eistud-16191	79	28	.	.	PUNCT
eistud-16191	80	1	the	the	DET
eistud-16191	80	2	question	question	NOUN
eistud-16191	80	3	remains	remain	VERB
eistud-16191	80	4	which	which	PRON
eistud-16191	80	5	are	be	AUX
eistud-16191	80	6	the	the	DET
eistud-16191	80	7	essential	essential	ADJ
eistud-16191	80	8	elements	element	NOUN
eistud-16191	80	9	of	of	ADP
eistud-16191	80	10	‘	'	PUNCT
eistud-16191	80	11	good	good	ADJ
eistud-16191	80	12	’	'	PUNCT
eistud-16191	80	13	corporate	corporate	ADJ
eistud-16191	80	14	governance	governance	NOUN
eistud-16191	80	15	.	.	PUNCT
eistud-16191	81	1	here	here	ADV
eistud-16191	81	2	,	,	PUNCT
eistud-16191	81	3	the	the	DET
eistud-16191	81	4	empirical	empirical	ADJ
eistud-16191	81	5	research	research	NOUN
eistud-16191	81	6	in	in	ADP
eistud-16191	81	7	this	this	DET
eistud-16191	81	8	field	field	NOUN
eistud-16191	81	9	should	should	AUX
eistud-16191	81	10	provide	provide	VERB
eistud-16191	81	11	some	some	DET
eistud-16191	81	12	answers	answer	NOUN
eistud-16191	81	13	.	.	PUNCT
eistud-16191	82	1	prior	prior	ADJ
eistud-16191	82	2	empirical	empirical	ADJ
eistud-16191	82	3	research	research	NOUN
eistud-16191	82	4	this	this	DET
eistud-16191	82	5	section	section	NOUN
eistud-16191	82	6	analyzes	analyze	VERB
eistud-16191	82	7	the	the	DET
eistud-16191	82	8	state	state	NOUN
eistud-16191	82	9	of	of	ADP
eistud-16191	82	10	empirical	empirical	ADJ
eistud-16191	82	11	research	research	NOUN
eistud-16191	82	12	on	on	ADP
eistud-16191	82	13	the	the	DET
eistud-16191	82	14	relation	relation	NOUN
eistud-16191	82	15	of	of	ADP
eistud-16191	82	16	good	good	ADJ
eistud-16191	82	17	corporate	corporate	ADJ
eistud-16191	82	18	gover­	gover­	NOUN
eistud-16191	82	19	nance	nance	NOUN
eistud-16191	82	20	and	and	CCONJ
eistud-16191	82	21	firm	firm	ADJ
eistud-16191	82	22	performance	performance	NOUN
eistud-16191	82	23	with	with	ADP
eistud-16191	82	24	respect	respect	NOUN
eistud-16191	82	25	to	to	ADP
eistud-16191	82	26	single	single	ADJ
eistud-16191	82	27	parameters	parameter	NOUN
eistud-16191	82	28	of	of	ADP
eistud-16191	82	29	corporate	corporate	ADJ
eistud-16191	82	30	governance	governance	NOUN
eistud-16191	82	31	such	such	ADJ
eistud-16191	82	32	as	as	ADP
eistud-16191	82	33	board	board	NOUN
eistud-16191	82	34	size	size	NOUN
eistud-16191	82	35	,	,	PUNCT
eistud-16191	82	36	role	role	NOUN
eistud-16191	82	37	duality	duality	NOUN
eistud-16191	82	38	,	,	PUNCT
eistud-16191	82	39	independent	independent	ADJ
eistud-16191	82	40	directors	director	NOUN
eistud-16191	82	41	and	and	CCONJ
eistud-16191	82	42	firm	firm	ADJ
eistud-16191	82	43	performance	performance	NOUN
eistud-16191	82	44	.	.	PUNCT
eistud-16191	83	1	the	the	DET
eistud-16191	83	2	sarbanes	sarbanes	PROPN
eistud-16191	83	3	–	–	PUNCT
eistud-16191	83	4	oxley	oxley	ADJ
eistud-16191	83	5	act	act	NOUN
eistud-16191	83	6	can	can	AUX
eistud-16191	83	7	be	be	AUX
eistud-16191	83	8	seen	see	VERB
eistud-16191	83	9	as	as	ADP
eistud-16191	83	10	a	a	DET
eistud-16191	83	11	turning	turning	NOUN
eistud-16191	83	12	point	point	NOUN
eistud-16191	83	13	after	after	SCONJ
eistud-16191	83	14	which	which	PRON
eistud-16191	83	15	in	in	ADP
eistud-16191	83	16	many	many	ADJ
eistud-16191	83	17	countries	country	NOUN
eistud-16191	83	18	a	a	DET
eistud-16191	83	19	lot	lot	NOUN
eistud-16191	83	20	of	of	ADP
eistud-16191	83	21	changes	change	NOUN
eistud-16191	83	22	can	can	AUX
eistud-16191	83	23	be	be	AUX
eistud-16191	83	24	observed	observe	VERB
eistud-16191	83	25	.	.	PUNCT
eistud-16191	84	1	many	many	ADJ
eistud-16191	84	2	countries	country	NOUN
eistud-16191	84	3	have	have	AUX
eistud-16191	84	4	introduced	introduce	VERB
eistud-16191	84	5	corporate	corporate	ADJ
eistud-16191	84	6	governance	governance	NOUN
eistud-16191	84	7	codes	code	NOUN
eistud-16191	84	8	as	as	ADP
eistud-16191	84	9	a	a	DET
eistud-16191	84	10	kind	kind	NOUN
eistud-16191	84	11	of	of	ADP
eistud-16191	84	12	soft	soft	ADJ
eistud-16191	84	13	law	law	NOUN
eistud-16191	84	14	since	since	SCONJ
eistud-16191	84	15	2002	2002	NUM
eistud-16191	84	16	.	.	PUNCT
eistud-16191	85	1	in	in	ADP
eistud-16191	85	2	addition	addition	NOUN
eistud-16191	85	3	,	,	PUNCT
eistud-16191	85	4	laws	law	NOUN
eistud-16191	85	5	were	be	AUX
eistud-16191	85	6	modified	modify	VERB
eistud-16191	85	7	with	with	ADP
eistud-16191	85	8	regard	regard	NOUN
eistud-16191	85	9	to	to	ADP
eistud-16191	85	10	the	the	DET
eistud-16191	85	11	requirement	requirement	NOUN
eistud-16191	85	12	to	to	ADP
eistud-16191	85	13	supervisory	supervisory	ADJ
eistud-16191	85	14	boards	board	NOUN
eistud-16191	85	15	in	in	ADP
eistud-16191	85	16	many	many	ADJ
eistud-16191	85	17	countries	country	NOUN
eistud-16191	85	18	.	.	PUNCT
eistud-16191	86	1	in	in	ADP
eistud-16191	86	2	this	this	DET
eistud-16191	86	3	respect	respect	NOUN
eistud-16191	86	4	,	,	PUNCT
eistud-16191	86	5	the	the	DET
eistud-16191	86	6	post	post	ADJ
eistud-16191	86	7	–	–	PUNCT
eistud-16191	86	8	sarbanes	sarbane	NOUN
eistud-16191	86	9	–	–	PUNCT
eistud-16191	86	10	oxley	oxley	ADJ
eistud-16191	86	11	period	period	NOUN
eistud-16191	86	12	is	be	AUX
eistud-16191	86	13	characterized	characterize	VERB
eistud-16191	86	14	by	by	ADP
eistud-16191	86	15	a	a	DET
eistud-16191	86	16	strong	strong	ADJ
eistud-16191	86	17	transna­	transna­	ADJ
eistud-16191	86	18	tional	tional	ADJ
eistud-16191	86	19	standardization	standardization	NOUN
eistud-16191	86	20	of	of	ADP
eistud-16191	86	21	corporate	corporate	ADJ
eistud-16191	86	22	governance	governance	NOUN
eistud-16191	86	23	requirements	requirement	NOUN
eistud-16191	86	24	.	.	PUNCT
eistud-16191	87	1	whereas	whereas	SCONJ
eistud-16191	87	2	the	the	DET
eistud-16191	87	3	pre	pre	NOUN
eistud-16191	87	4	–	–	PUNCT
eistud-16191	87	5	sarbanes	sarbane	NOUN
eistud-16191	87	6	–	–	PUNCT
eistud-16191	87	7	oxley	oxley	ADJ
eistud-16191	87	8	period	period	NOUN
eistud-16191	87	9	was	be	AUX
eistud-16191	87	10	characterized	characterize	VERB
eistud-16191	87	11	by	by	ADP
eistud-16191	87	12	significant	significant	ADJ
eistud-16191	87	13	differences	difference	NOUN
eistud-16191	87	14	between	between	ADP
eistud-16191	87	15	companies	company	NOUN
eistud-16191	87	16	in	in	ADP
eistud-16191	87	17	terms	term	NOUN
eistud-16191	87	18	of	of	ADP
eistud-16191	87	19	corporate	corporate	ADJ
eistud-16191	87	20	governance	governance	NOUN
eistud-16191	87	21	both	both	PRON
eistud-16191	87	22	between	between	ADP
eistud-16191	87	23	companies	company	NOUN
eistud-16191	87	24	within	within	ADP
eistud-16191	87	25	a	a	DET
eistud-16191	87	26	country	country	NOUN
eistud-16191	87	27	and	and	CCONJ
eistud-16191	87	28	between	between	ADP
eistud-16191	87	29	companies	company	NOUN
eistud-16191	87	30	of	of	ADP
eistud-16191	87	31	different	different	ADJ
eistud-16191	87	32	coun­	coun­	NOUN
eistud-16191	87	33	tries	try	NOUN
eistud-16191	87	34	,	,	PUNCT
eistud-16191	87	35	the	the	DET
eistud-16191	87	36	post	post	ADJ
eistud-16191	87	37	–	–	PUNCT
eistud-16191	87	38	sarbanes	sarbane	NOUN
eistud-16191	87	39	–	–	PUNCT
eistud-16191	87	40	oxley	oxley	ADJ
eistud-16191	87	41	period	period	NOUN
eistud-16191	87	42	is	be	AUX
eistud-16191	87	43	characterized	characterize	VERB
eistud-16191	87	44	by	by	ADP
eistud-16191	87	45	a	a	DET
eistud-16191	87	46	cross	cross	ADJ
eistud-16191	87	47	–	–	PUNCT
eistud-16191	87	48	country	country	ADJ
eistud-16191	87	49	homogenization	homogenization	NOUN
eistud-16191	87	50	of	of	ADP
eistud-16191	87	51	corporate	corporate	ADJ
eistud-16191	87	52	governance	governance	NOUN
eistud-16191	87	53	codes	code	NOUN
eistud-16191	87	54	and	and	CCONJ
eistud-16191	87	55	practices	practice	NOUN
eistud-16191	87	56	(	(	PUNCT
eistud-16191	87	57	bainbridge	bainbridge	PROPN
eistud-16191	87	58	,	,	PUNCT
eistud-16191	87	59	2016	2016	NUM
eistud-16191	87	60	,	,	PUNCT
eistud-16191	87	61	p.	p.	NOUN
eistud-16191	87	62	90	90	NUM
eistud-16191	87	63	,	,	PUNCT
eistud-16191	87	64	p.	p.	NOUN
eistud-16191	87	65	269	269	NUM
eistud-16191	87	66	)	)	PUNCT
eistud-16191	87	67	.	.	PUNCT
eistud-16191	88	1	dalton	dalton	PROPN
eistud-16191	88	2	et	et	PROPN
eistud-16191	88	3	al	al	PROPN
eistud-16191	88	4	.	.	PROPN
eistud-16191	88	5	stated	state	VERB
eistud-16191	88	6	in	in	ADP
eistud-16191	88	7	a	a	DET
eistud-16191	88	8	meta	meta	ADJ
eistud-16191	88	9	–	–	PUNCT
eistud-16191	88	10	analysis	analysis	NOUN
eistud-16191	88	11	of	of	ADP
eistud-16191	88	12	empirical	empirical	ADJ
eistud-16191	88	13	studies	study	NOUN
eistud-16191	88	14	that	that	PRON
eistud-16191	88	15	both	both	CCONJ
eistud-16191	88	16	the	the	DET
eistud-16191	88	17	supervisory	supervisory	ADJ
eistud-16191	88	18	board	board	NOUN
eistud-16191	88	19	com­	com­	NOUN
eistud-16191	88	20	position	position	NOUN
eistud-16191	88	21	(	(	PUNCT
eistud-16191	88	22	insider	insider	NOUN
eistud-16191	88	23	/	/	SYM
eistud-16191	88	24	outsider	outsider	NOUN
eistud-16191	88	25	proportion	proportion	NOUN
eistud-16191	88	26	)	)	PUNCT
eistud-16191	88	27	as	as	ADV
eistud-16191	88	28	well	well	ADV
eistud-16191	88	29	as	as	ADP
eistud-16191	88	30	leadership	leadership	NOUN
eistud-16191	88	31	structure	structure	NOUN
eistud-16191	88	32	do	do	AUX
eistud-16191	88	33	not	not	PART
eistud-16191	88	34	have	have	AUX
eistud-16191	88	35	any	any	DET
eistud-16191	88	36	effect	effect	NOUN
eistud-16191	88	37	on	on	ADP
eistud-16191	88	38	financial	financial	ADJ
eistud-16191	88	39	performance	performance	NOUN
eistud-16191	88	40	(	(	PUNCT
eistud-16191	88	41	dalton	dalton	PROPN
eistud-16191	88	42	,	,	PUNCT
eistud-16191	88	43	daily	daily	ADV
eistud-16191	88	44	,	,	PUNCT
eistud-16191	88	45	certo	certo	PROPN
eistud-16191	88	46	&	&	CCONJ
eistud-16191	88	47	roengpitya	roengpitya	PROPN
eistud-16191	88	48	,	,	PUNCT
eistud-16191	88	49	1998	1998	NUM
eistud-16191	88	50	,	,	PUNCT
eistud-16191	88	51	p.282	p.282	NOUN
eistud-16191	88	52	)	)	PUNCT
eistud-16191	88	53	.	.	PUNCT
eistud-16191	89	1	since	since	SCONJ
eistud-16191	89	2	then	then	ADV
eistud-16191	89	3	,	,	PUNCT
eistud-16191	89	4	further	further	ADJ
eistud-16191	89	5	studies	study	NOUN
eistud-16191	89	6	have	have	AUX
eistud-16191	89	7	been	be	AUX
eistud-16191	89	8	published	publish	VERB
eistud-16191	89	9	which	which	PRON
eistud-16191	89	10	come	come	VERB
eistud-16191	89	11	to	to	ADP
eistud-16191	89	12	different	different	ADJ
eistud-16191	89	13	results	result	NOUN
eistud-16191	89	14	.	.	PUNCT
eistud-16191	90	1	overall	overall	ADV
eistud-16191	90	2	,	,	PUNCT
eistud-16191	90	3	a	a	DET
eistud-16191	90	4	positive	positive	ADJ
eistud-16191	90	5	effect	effect	NOUN
eistud-16191	90	6	of	of	ADP
eistud-16191	90	7	corporate	corporate	ADJ
eistud-16191	90	8	gover­	gover­	ADJ
eistud-16191	90	9	nance	nance	NOUN
eistud-16191	90	10	on	on	ADP
eistud-16191	90	11	firm	firm	ADJ
eistud-16191	90	12	performance	performance	NOUN
eistud-16191	90	13	must	must	AUX
eistud-16191	90	14	be	be	AUX
eistud-16191	90	15	assumed	assume	VERB
eistud-16191	90	16	.	.	PUNCT
eistud-16191	91	1	however	however	ADV
eistud-16191	91	2	,	,	PUNCT
eistud-16191	91	3	the	the	DET
eistud-16191	91	4	number	number	NOUN
eistud-16191	91	5	of	of	ADP
eistud-16191	91	6	studies	study	NOUN
eistud-16191	91	7	which	which	PRON
eistud-16191	91	8	determine	determine	VERB
eistud-16191	91	9	no	no	PRON
eistud-16191	91	10	or	or	CCONJ
eistud-16191	91	11	a	a	DET
eistud-16191	91	12	negative	negative	ADJ
eistud-16191	91	13	impact	impact	NOUN
eistud-16191	91	14	is	be	AUX
eistud-16191	91	15	not	not	PART
eistud-16191	91	16	negligible	negligible	ADJ
eistud-16191	91	17	.	.	PUNCT
eistud-16191	92	1	most	most	ADJ
eistud-16191	92	2	of	of	ADP
eistud-16191	92	3	the	the	DET
eistud-16191	92	4	studies	study	NOUN
eistud-16191	92	5	do	do	AUX
eistud-16191	92	6	not	not	PART
eistud-16191	92	7	use	use	VERB
eistud-16191	92	8	a	a	DET
eistud-16191	92	9	standardized	standardized	ADJ
eistud-16191	92	10	general	general	ADJ
eistud-16191	92	11	measure	measure	NOUN
eistud-16191	92	12	to	to	PART
eistud-16191	92	13	define	define	VERB
eistud-16191	92	14	good	good	ADJ
eistud-16191	92	15	corporate	corporate	ADJ
eistud-16191	92	16	governance	governance	NOUN
eistud-16191	92	17	.	.	PUNCT
eistud-16191	93	1	they	they	PRON
eistud-16191	93	2	measure	measure	VERB
eistud-16191	93	3	single	single	ADJ
eistud-16191	93	4	aspects	aspect	NOUN
eistud-16191	93	5	of	of	ADP
eistud-16191	93	6	a	a	DET
eistud-16191	93	7	corporate	corporate	ADJ
eistud-16191	93	8	gov­	gov­	NOUN
eistud-16191	93	9	ernance	ernance	NOUN
eistud-16191	93	10	system	system	NOUN
eistud-16191	93	11	such	such	ADJ
eistud-16191	93	12	as	as	ADP
eistud-16191	93	13	the	the	DET
eistud-16191	93	14	leadership	leadership	NOUN
eistud-16191	93	15	structure	structure	NOUN
eistud-16191	93	16	(	(	PUNCT
eistud-16191	93	17	castaner	castaner	NOUN
eistud-16191	93	18	&	&	CCONJ
eistud-16191	93	19	kavadis	kavadis	PROPN
eistud-16191	93	20	,	,	PUNCT
eistud-16191	93	21	2013	2013	NUM
eistud-16191	93	22	)	)	PUNCT
eistud-16191	93	23	,	,	PUNCT
eistud-16191	93	24	board	board	NOUN
eistud-16191	93	25	ownership	ownership	NOUN
eistud-16191	93	26	(	(	PUNCT
eistud-16191	93	27	carline	carline	NOUN
eistud-16191	93	28	et	et	PROPN
eistud-16191	93	29	al	al	PROPN
eistud-16191	93	30	.	.	PROPN
eistud-16191	93	31	,	,	PUNCT
eistud-16191	93	32	2009	2009	NUM
eistud-16191	93	33	)	)	PUNCT
eistud-16191	93	34	,	,	PUNCT
eistud-16191	93	35	or	or	CCONJ
eistud-16191	93	36	board	board	NOUN
eistud-16191	93	37	independence	independence	NOUN
eistud-16191	93	38	(	(	PUNCT
eistud-16191	93	39	nicholson	nicholson	PROPN
eistud-16191	93	40	&	&	CCONJ
eistud-16191	93	41	kiel	kiel	PROPN
eistud-16191	93	42	,	,	PUNCT
eistud-16191	93	43	2007	2007	NUM
eistud-16191	93	44	)	)	PUNCT
eistud-16191	93	45	and	and	CCONJ
eistud-16191	93	46	their	their	PRON
eistud-16191	93	47	impact	impact	NOUN
eistud-16191	93	48	on	on	ADP
eistud-16191	93	49	firm	firm	ADJ
eistud-16191	93	50	performance	performance	NOUN
eistud-16191	93	51	.	.	PUNCT
eistud-16191	94	1	some	some	DET
eistud-16191	94	2	studies	study	NOUN
eistud-16191	94	3	determine	determine	VERB
eistud-16191	94	4	a	a	DET
eistud-16191	94	5	relationship	relationship	NOUN
eistud-16191	94	6	between	between	ADP
eistud-16191	94	7	only	only	ADV
eistud-16191	94	8	two	two	NUM
eistud-16191	94	9	variables	variable	NOUN
eistud-16191	94	10	,	,	PUNCT
eistud-16191	94	11	such	such	ADJ
eistud-16191	94	12	as	as	ADP
eistud-16191	94	13	finan­	finan­	ADJ
eistud-16191	94	14	cial	cial	ADJ
eistud-16191	94	15	performance	performance	NOUN
eistud-16191	94	16	with	with	ADP
eistud-16191	94	17	board	board	NOUN
eistud-16191	94	18	or	or	CCONJ
eistud-16191	94	19	management	management	NOUN
eistud-16191	94	20	structures	structure	NOUN
eistud-16191	94	21	(	(	PUNCT
eistud-16191	94	22	krivogorsky	krivogorsky	PROPN
eistud-16191	94	23	,	,	PUNCT
eistud-16191	94	24	2006	2006	NUM
eistud-16191	94	25	)	)	PUNCT
eistud-16191	94	26	.	.	PUNCT
eistud-16191	95	1	the	the	DET
eistud-16191	95	2	findings	finding	NOUN
eistud-16191	95	3	of	of	ADP
eistud-16191	95	4	such	such	ADJ
eistud-16191	95	5	studies	study	NOUN
eistud-16191	95	6	with	with	ADP
eistud-16191	95	7	a	a	DET
eistud-16191	95	8	reduced	reduced	ADJ
eistud-16191	95	9	set	set	NOUN
eistud-16191	95	10	of	of	ADP
eistud-16191	95	11	variables	variable	NOUN
eistud-16191	95	12	are	be	AUX
eistud-16191	95	13	mostly	mostly	ADV
eistud-16191	95	14	that	that	SCONJ
eistud-16191	95	15	a	a	DET
eistud-16191	95	16	single	single	ADJ
eistud-16191	95	17	aspect	aspect	NOUN
eistud-16191	95	18	of	of	ADP
eistud-16191	95	19	corporate	corporate	ADJ
eistud-16191	95	20	governance	governance	NOUN
eistud-16191	95	21	has	have	VERB
eistud-16191	95	22	a	a	DET
eistud-16191	95	23	positive	positive	ADJ
eistud-16191	95	24	impact	impact	NOUN
eistud-16191	95	25	,	,	PUNCT
eistud-16191	95	26	others	other	NOUN
eistud-16191	95	27	not	not	PART
eistud-16191	95	28	.	.	PUNCT
eistud-16191	96	1	brenes	brene	NOUN
eistud-16191	96	2	et	et	PROPN
eistud-16191	96	3	al	al	PROPN
eistud-16191	96	4	.	.	PROPN
eistud-16191	96	5	,	,	PUNCT
eistud-16191	96	6	for	for	ADP
eistud-16191	96	7	example	example	NOUN
eistud-16191	96	8	,	,	PUNCT
eistud-16191	96	9	determine	determine	VERB
eistud-16191	96	10	that	that	SCONJ
eistud-16191	96	11	the	the	DET
eistud-16191	96	12	more	more	ADV
eistud-16191	96	13	intensive	intensive	ADJ
eistud-16191	96	14	the	the	DET
eistud-16191	96	15	evaluation	evaluation	NOUN
eistud-16191	96	16	of	of	ADP
eistud-16191	96	17	management	management	NOUN
eistud-16191	96	18	performance	performance	NOUN
eistud-16191	96	19	by	by	ADP
eistud-16191	96	20	the	the	DET
eistud-16191	96	21	board	board	NOUN
eistud-16191	96	22	is	be	AUX
eistud-16191	96	23	the	the	DET
eistud-16191	96	24	better	well	ADJ
eistud-16191	96	25	is	be	AUX
eistud-16191	96	26	the	the	DET
eistud-16191	96	27	company	company	NOUN
eistud-16191	96	28	perfor­	perfor­	NOUN
eistud-16191	96	29	mance	mance	NOUN
eistud-16191	96	30	to	to	ADP
eistud-16191	96	31	vis	vis	X
eistud-16191	96	32	–	–	X
eistud-16191	96	33	à	à	X
eistud-16191	96	34	–	–	PUNCT
eistud-16191	96	35	vis	vis	X
eistud-16191	96	36	competitors	competitor	NOUN
eistud-16191	96	37	(	(	PUNCT
eistud-16191	96	38	brenes	brene	NOUN
eistud-16191	96	39	,	,	PUNCT
eistud-16191	96	40	madrigal	madrigal	PROPN
eistud-16191	96	41	&	&	CCONJ
eistud-16191	96	42	requena	requena	PROPN
eistud-16191	96	43	,	,	PUNCT
eistud-16191	96	44	2011	2011	NUM
eistud-16191	96	45	,	,	PUNCT
eistud-16191	96	46	p.	p.	NOUN
eistud-16191	96	47	282	282	NUM
eistud-16191	96	48	)	)	PUNCT
eistud-16191	96	49	.	.	PUNCT
eistud-16191	97	1	nicholson	nicholson	PROPN
eistud-16191	97	2	&	&	CCONJ
eistud-16191	97	3	kiel	kiel	PROPN
eistud-16191	97	4	139	139	NUM
eistud-16191	97	5	european	european	ADJ
eistud-16191	97	6	integrat	integrat	NOUN
eistud-16191	97	7	ion	ion	NOUN
eistud-16191	97	8	studies	study	NOUN
eistud-16191	97	9	2016/10	2016/10	NUM
eistud-16191	97	10	show	show	VERB
eistud-16191	97	11	that	that	SCONJ
eistud-16191	97	12	an	an	DET
eistud-16191	97	13	“	"	PUNCT
eistud-16191	97	14	independent	independent	ADJ
eistud-16191	97	15	board	board	NOUN
eistud-16191	97	16	”	"	PUNCT
eistud-16191	97	17	has	have	VERB
eistud-16191	97	18	a	a	DET
eistud-16191	97	19	positive	positive	ADJ
eistud-16191	97	20	impact	impact	NOUN
eistud-16191	97	21	on	on	ADP
eistud-16191	97	22	firm	firm	ADJ
eistud-16191	97	23	performance	performance	NOUN
eistud-16191	97	24	(	(	PUNCT
eistud-16191	97	25	nicholson	nicholson	PROPN
eistud-16191	97	26	&	&	CCONJ
eistud-16191	97	27	kiel	kiel	PROPN
eistud-16191	97	28	,	,	PUNCT
eistud-16191	97	29	2007	2007	NUM
eistud-16191	97	30	)	)	PUNCT
eistud-16191	97	31	.	.	PUNCT
eistud-16191	98	1	others	other	NOUN
eistud-16191	98	2	,	,	PUNCT
eistud-16191	98	3	such	such	ADJ
eistud-16191	98	4	as	as	ADP
eistud-16191	98	5	bauer	bauer	PROPN
eistud-16191	98	6	et	et	PROPN
eistud-16191	98	7	al	al	PROPN
eistud-16191	98	8	.	.	PROPN
eistud-16191	98	9	(	(	PUNCT
eistud-16191	98	10	2004	2004	NUM
eistud-16191	98	11	)	)	PUNCT
eistud-16191	98	12	,	,	PUNCT
eistud-16191	98	13	larcker	larcker	NOUN
eistud-16191	98	14	et	et	PROPN
eistud-16191	98	15	al	al	PROPN
eistud-16191	98	16	.	.	PROPN
eistud-16191	98	17	(	(	PUNCT
eistud-16191	98	18	2007	2007	NUM
eistud-16191	98	19	)	)	PUNCT
eistud-16191	98	20	,	,	PUNCT
eistud-16191	98	21	bhagat	bhagat	PROPN
eistud-16191	98	22	and	and	CCONJ
eistud-16191	98	23	bolton	bolton	PROPN
eistud-16191	98	24	(	(	PUNCT
eistud-16191	98	25	2007	2007	NUM
eistud-16191	98	26	)	)	PUNCT
eistud-16191	98	27	,	,	PUNCT
eistud-16191	98	28	daines	daine	NOUN
eistud-16191	98	29	et	et	NOUN
eistud-16191	98	30	al	al	PROPN
eistud-16191	98	31	.	.	PUNCT
eistud-16191	99	1	(	(	PUNCT
eistud-16191	99	2	2008	2008	NUM
eistud-16191	99	3	)	)	PUNCT
eistud-16191	100	1	,	,	PUNCT
eistud-16191	100	2	renders	render	VERB
eistud-16191	100	3	,	,	PUNCT
eistud-16191	100	4	gaeremynck	gaeremynck	NOUN
eistud-16191	100	5	,	,	PUNCT
eistud-16191	100	6	&	&	CCONJ
eistud-16191	100	7	sercu	sercu	PROPN
eistud-16191	100	8	(	(	PUNCT
eistud-16191	100	9	2010	2010	NUM
eistud-16191	100	10	)	)	PUNCT
eistud-16191	100	11	,	,	PUNCT
eistud-16191	100	12	and	and	CCONJ
eistud-16191	100	13	gupta	gupta	PROPN
eistud-16191	100	14	,	,	PUNCT
eistud-16191	100	15	chandrasekhar	chandrasekhar	PROPN
eistud-16191	100	16	&	&	CCONJ
eistud-16191	100	17	tourani	tourani	PROPN
eistud-16191	100	18	–	–	PUNCT
eistud-16191	100	19	rad	rad	PROPN
eistud-16191	100	20	(	(	PUNCT
eistud-16191	100	21	2013	2013	NUM
eistud-16191	100	22	)	)	PUNCT
eistud-16191	100	23	,	,	PUNCT
eistud-16191	100	24	use	use	VERB
eistud-16191	100	25	corporate	corporate	ADJ
eistud-16191	100	26	governance	governance	NOUN
eistud-16191	100	27	rankings	ranking	NOUN
eistud-16191	100	28	to	to	PART
eistud-16191	100	29	compare	compare	VERB
eistud-16191	100	30	the	the	DET
eistud-16191	100	31	corporate	corporate	ADJ
eistud-16191	100	32	governance	governance	NOUN
eistud-16191	100	33	‘	'	PUNCT
eistud-16191	100	34	culture	culture	NOUN
eistud-16191	100	35	’	'	PUNCT
eistud-16191	100	36	of	of	ADP
eistud-16191	100	37	countries	country	NOUN
eistud-16191	100	38	,	,	PUNCT
eistud-16191	100	39	in	in	ADP
eistud-16191	100	40	which	which	PRON
eistud-16191	100	41	companies	company	NOUN
eistud-16191	100	42	are	be	AUX
eistud-16191	100	43	embedded	embed	VERB
eistud-16191	100	44	,	,	PUNCT
eistud-16191	100	45	with	with	ADP
eistud-16191	100	46	the	the	DET
eistud-16191	100	47	overall	overall	ADJ
eistud-16191	100	48	performance	performance	NOUN
eistud-16191	100	49	of	of	ADP
eistud-16191	100	50	companies	company	NOUN
eistud-16191	100	51	in	in	ADP
eistud-16191	100	52	this	this	DET
eistud-16191	100	53	country	country	NOUN
eistud-16191	100	54	.	.	PUNCT
eistud-16191	101	1	thus	thus	ADV
eistud-16191	101	2	,	,	PUNCT
eistud-16191	101	3	they	they	PRON
eistud-16191	101	4	are	be	AUX
eistud-16191	101	5	not	not	PART
eistud-16191	101	6	interested	interested	ADJ
eistud-16191	101	7	in	in	ADP
eistud-16191	101	8	measuring	measure	VERB
eistud-16191	101	9	the	the	DET
eistud-16191	101	10	impact	impact	NOUN
eistud-16191	101	11	of	of	ADP
eistud-16191	101	12	single	single	ADJ
eistud-16191	101	13	aspects	aspect	NOUN
eistud-16191	101	14	of	of	ADP
eistud-16191	101	15	corporate	corporate	ADJ
eistud-16191	101	16	governance	governance	NOUN
eistud-16191	101	17	of	of	ADP
eistud-16191	101	18	company	company	NOUN
eistud-16191	101	19	performance	performance	NOUN
eistud-16191	101	20	.	.	PUNCT
eistud-16191	102	1	some	some	DET
eistud-16191	102	2	studies	study	NOUN
eistud-16191	102	3	use	use	VERB
eistud-16191	102	4	a	a	DET
eistud-16191	102	5	very	very	ADV
eistud-16191	102	6	small	small	ADJ
eistud-16191	102	7	sample	sample	NOUN
eistud-16191	102	8	.	.	PUNCT
eistud-16191	103	1	only	only	ADV
eistud-16191	103	2	bauer	bauer	PROPN
eistud-16191	103	3	et	et	PROPN
eistud-16191	103	4	al	al	PROPN
eistud-16191	103	5	.	.	PROPN
eistud-16191	103	6	(	(	PUNCT
eistud-16191	103	7	2004	2004	NUM
eistud-16191	103	8	)	)	PUNCT
eistud-16191	103	9	,	,	PUNCT
eistud-16191	103	10	brown	brown	PROPN
eistud-16191	103	11	&	&	CCONJ
eistud-16191	103	12	caylor	caylor	PROPN
eistud-16191	103	13	(	(	PUNCT
eistud-16191	103	14	2006	2006	NUM
eistud-16191	103	15	)	)	PUNCT
eistud-16191	103	16	,	,	PUNCT
eistud-16191	103	17	bhagat	bhagat	PROPN
eistud-16191	103	18	&	&	CCONJ
eistud-16191	103	19	bolton	bolton	PROPN
eistud-16191	103	20	(	(	PUNCT
eistud-16191	103	21	2007	2007	NUM
eistud-16191	103	22	)	)	PUNCT
eistud-16191	103	23	,	,	PUNCT
eistud-16191	103	24	daines	daine	NOUN
eistud-16191	103	25	et	et	NOUN
eistud-16191	103	26	al	al	PROPN
eistud-16191	103	27	.	.	PUNCT
eistud-16191	103	28	(	(	PUNCT
eistud-16191	103	29	2008	2008	NUM
eistud-16191	103	30	)	)	PUNCT
eistud-16191	103	31	,	,	PUNCT
eistud-16191	103	32	renders	render	VERB
eistud-16191	103	33	,	,	PUNCT
eistud-16191	103	34	gaeremy­	gaeremy­	PROPN
eistud-16191	103	35	nck	nck	PROPN
eistud-16191	103	36	&	&	CCONJ
eistud-16191	103	37	sercu	sercu	PROPN
eistud-16191	103	38	(	(	PUNCT
eistud-16191	103	39	2010	2010	NUM
eistud-16191	103	40	)	)	PUNCT
eistud-16191	103	41	,	,	PUNCT
eistud-16191	103	42	and	and	CCONJ
eistud-16191	103	43	gupta	gupta	PROPN
eistud-16191	103	44	,	,	PUNCT
eistud-16191	103	45	chandrasekhar	chandrasekhar	PROPN
eistud-16191	103	46	&	&	CCONJ
eistud-16191	103	47	tourani	tourani	PROPN
eistud-16191	103	48	–	–	PUNCT
eistud-16191	103	49	rad	rad	PROPN
eistud-16191	103	50	(	(	PUNCT
eistud-16191	103	51	2013	2013	NUM
eistud-16191	103	52	)	)	PUNCT
eistud-16191	103	53	use	use	VERB
eistud-16191	103	54	samples	sample	NOUN
eistud-16191	103	55	with	with	ADP
eistud-16191	103	56	more	more	ADJ
eistud-16191	103	57	than	than	ADP
eistud-16191	103	58	250	250	NUM
eistud-16191	103	59	companies	company	NOUN
eistud-16191	103	60	.	.	PUNCT
eistud-16191	104	1	taking	take	VERB
eistud-16191	104	2	this	this	PRON
eistud-16191	104	3	into	into	ADP
eistud-16191	104	4	account	account	NOUN
eistud-16191	104	5	,	,	PUNCT
eistud-16191	104	6	the	the	DET
eistud-16191	104	7	ratio	ratio	NOUN
eistud-16191	104	8	between	between	ADP
eistud-16191	104	9	studies	study	NOUN
eistud-16191	104	10	stating	state	VERB
eistud-16191	104	11	a	a	DET
eistud-16191	104	12	positive	positive	ADJ
eistud-16191	104	13	impact	impact	NOUN
eistud-16191	104	14	and	and	CCONJ
eistud-16191	104	15	studies	study	NOUN
eistud-16191	104	16	with	with	ADP
eistud-16191	104	17	neutral	neutral	ADJ
eistud-16191	104	18	or	or	CCONJ
eistud-16191	104	19	negative	negative	ADJ
eistud-16191	104	20	impact	impact	NOUN
eistud-16191	104	21	shows	show	VERB
eistud-16191	104	22	a	a	DET
eistud-16191	104	23	relatively	relatively	ADV
eistud-16191	104	24	balanced	balanced	ADJ
eistud-16191	104	25	ratio	ratio	NOUN
eistud-16191	104	26	.	.	PUNCT
eistud-16191	105	1	additionally	additionally	ADV
eistud-16191	105	2	,	,	PUNCT
eistud-16191	105	3	most	most	ADJ
eistud-16191	105	4	studies	study	NOUN
eistud-16191	105	5	examine	examine	VERB
eistud-16191	105	6	only	only	ADV
eistud-16191	105	7	short	short	ADJ
eistud-16191	105	8	time	time	NOUN
eistud-16191	105	9	periods	period	NOUN
eistud-16191	105	10	from	from	ADP
eistud-16191	105	11	two	two	NUM
eistud-16191	105	12	to	to	PART
eistud-16191	105	13	four	four	NUM
eistud-16191	105	14	years	year	NOUN
eistud-16191	105	15	.	.	PUNCT
eistud-16191	106	1	only	only	ADV
eistud-16191	106	2	gompers	gomper	NOUN
eistud-16191	106	3	et	et	PROPN
eistud-16191	106	4	al	al	PROPN
eistud-16191	106	5	.	.	PROPN
eistud-16191	107	1	(	(	PUNCT
eistud-16191	107	2	2001	2001	NUM
eistud-16191	107	3	)	)	PUNCT
eistud-16191	107	4	examine	examine	VERB
eistud-16191	107	5	a	a	DET
eistud-16191	107	6	longer	long	ADJ
eistud-16191	107	7	time	time	NOUN
eistud-16191	107	8	period	period	NOUN
eistud-16191	107	9	(	(	PUNCT
eistud-16191	107	10	from	from	ADP
eistud-16191	107	11	1990	1990	NUM
eistud-16191	107	12	to	to	ADP
eistud-16191	107	13	1999	1999	NUM
eistud-16191	107	14	)	)	PUNCT
eistud-16191	107	15	.	.	PUNCT
eistud-16191	108	1	therefore	therefore	ADV
eistud-16191	108	2	,	,	PUNCT
eistud-16191	108	3	it	it	PRON
eistud-16191	108	4	seems	seem	VERB
eistud-16191	108	5	to	to	PART
eistud-16191	108	6	be	be	AUX
eistud-16191	108	7	questionable	questionable	ADJ
eistud-16191	108	8	if	if	SCONJ
eistud-16191	108	9	such	such	ADJ
eistud-16191	108	10	short	short	ADJ
eistud-16191	108	11	–	–	PUNCT
eistud-16191	108	12	term	term	NOUN
eistud-16191	108	13	studies	study	NOUN
eistud-16191	108	14	really	really	ADV
eistud-16191	108	15	measure	measure	VERB
eistud-16191	108	16	what	what	PRON
eistud-16191	108	17	they	they	PRON
eistud-16191	108	18	pretend	pretend	VERB
eistud-16191	108	19	to	to	PART
eistud-16191	108	20	measure	measure	VERB
eistud-16191	108	21	.	.	PUNCT
eistud-16191	109	1	in	in	ADP
eistud-16191	109	2	recent	recent	ADJ
eistud-16191	109	3	years	year	NOUN
eistud-16191	109	4	,	,	PUNCT
eistud-16191	109	5	further	further	ADJ
eistud-16191	109	6	studies	study	NOUN
eistud-16191	109	7	are	be	AUX
eistud-16191	109	8	published	publish	VERB
eistud-16191	109	9	concerned	concerned	ADJ
eistud-16191	109	10	the	the	DET
eistud-16191	109	11	effect	effect	NOUN
eistud-16191	109	12	of	of	ADP
eistud-16191	109	13	corporate	corporate	ADJ
eistud-16191	109	14	governance	governance	NOUN
eistud-16191	109	15	on	on	ADP
eistud-16191	109	16	firm	firm	ADJ
eistud-16191	109	17	performance	performance	NOUN
eistud-16191	109	18	.	.	PUNCT
eistud-16191	110	1	due	due	ADP
eistud-16191	110	2	to	to	ADP
eistud-16191	110	3	the	the	DET
eistud-16191	110	4	growing	grow	VERB
eistud-16191	110	5	formalization	formalization	NOUN
eistud-16191	110	6	through	through	ADP
eistud-16191	110	7	country	country	NOUN
eistud-16191	110	8	–	–	PUNCT
eistud-16191	110	9	specific	specific	ADJ
eistud-16191	110	10	codification	codification	NOUN
eistud-16191	110	11	the	the	DET
eistud-16191	110	12	problem	problem	NOUN
eistud-16191	110	13	of	of	ADP
eistud-16191	110	14	comparability	comparability	NOUN
eistud-16191	110	15	of	of	ADP
eistud-16191	110	16	results	result	NOUN
eistud-16191	110	17	arises	arise	VERB
eistud-16191	110	18	.	.	PUNCT
eistud-16191	111	1	consequently	consequently	ADV
eistud-16191	111	2	,	,	PUNCT
eistud-16191	111	3	one	one	NUM
eistud-16191	111	4	–	–	PUNCT
eistud-16191	111	5	country	country	NOUN
eistud-16191	111	6	approaches	approach	NOUN
eistud-16191	111	7	are	be	AUX
eistud-16191	111	8	preferred	prefer	VERB
eistud-16191	111	9	.	.	PUNCT
eistud-16191	112	1	thus	thus	ADV
eistud-16191	112	2	,	,	PUNCT
eistud-16191	112	3	conheady	conheady	PROPN
eistud-16191	112	4	et	et	PROPN
eistud-16191	112	5	al	al	PROPN
eistud-16191	112	6	.	.	PROPN
eistud-16191	113	1	(	(	PUNCT
eistud-16191	113	2	2015	2015	NUM
eistud-16191	113	3	)	)	PUNCT
eistud-16191	113	4	examines	examine	VERB
eistud-16191	113	5	only	only	ADV
eistud-16191	113	6	canadian	canadian	ADJ
eistud-16191	113	7	listed	list	VERB
eistud-16191	113	8	–	–	PUNCT
eistud-16191	113	9	companies	company	NOUN
eistud-16191	113	10	,	,	PUNCT
eistud-16191	113	11	fuzi	fuzi	PROPN
eistud-16191	113	12	et	et	PROPN
eistud-16191	113	13	al	al	PROPN
eistud-16191	113	14	.	.	PUNCT
eistud-16191	114	1	(	(	PUNCT
eistud-16191	114	2	2016	2016	NUM
eistud-16191	114	3	)	)	PUNCT
eistud-16191	114	4	focuses	focus	VERB
eistud-16191	114	5	only	only	ADV
eistud-16191	114	6	on	on	ADP
eistud-16191	114	7	malaysian	malaysian	ADJ
eistud-16191	114	8	listed	list	VERB
eistud-16191	114	9	companies	company	NOUN
eistud-16191	114	10	,	,	PUNCT
eistud-16191	114	11	rose	rise	VERB
eistud-16191	114	12	(	(	PUNCT
eistud-16191	114	13	2016	2016	NUM
eistud-16191	114	14	)	)	PUNCT
eistud-16191	114	15	on	on	ADP
eistud-16191	114	16	danish	danish	ADJ
eistud-16191	114	17	and	and	CCONJ
eistud-16191	114	18	akbar	akbar	NOUN
eistud-16191	114	19	et	et	PROPN
eistud-16191	114	20	al	al	PROPN
eistud-16191	114	21	.	.	PUNCT
eistud-16191	115	1	(	(	PUNCT
eistud-16191	115	2	2016	2016	NUM
eistud-16191	115	3	)	)	PUNCT
eistud-16191	115	4	on	on	ADP
eistud-16191	115	5	british	british	ADJ
eistud-16191	115	6	companies	company	NOUN
eistud-16191	115	7	.	.	PUNCT
eistud-16191	116	1	con­	con­	PROPN
eistud-16191	116	2	cerning	cerne	VERB
eistud-16191	116	3	the	the	DET
eistud-16191	116	4	german	german	ADJ
eistud-16191	116	5	corporate	corporate	ADJ
eistud-16191	116	6	governance	governance	NOUN
eistud-16191	116	7	code	code	NOUN
eistud-16191	116	8	and	and	CCONJ
eistud-16191	116	9	its	its	PRON
eistud-16191	116	10	effect	effect	NOUN
eistud-16191	116	11	on	on	ADP
eistud-16191	116	12	firm	firm	ADJ
eistud-16191	116	13	performance	performance	NOUN
eistud-16191	116	14	,	,	PUNCT
eistud-16191	116	15	only	only	ADV
eistud-16191	116	16	a	a	DET
eistud-16191	116	17	few	few	ADJ
eistud-16191	116	18	empirical	empirical	ADJ
eistud-16191	116	19	studies	study	NOUN
eistud-16191	116	20	were	be	AUX
eistud-16191	116	21	published	publish	VERB
eistud-16191	116	22	in	in	ADP
eistud-16191	116	23	the	the	DET
eistud-16191	116	24	last	last	ADJ
eistud-16191	116	25	five	five	NUM
eistud-16191	116	26	years	year	NOUN
eistud-16191	116	27	.	.	PUNCT
eistud-16191	117	1	stiglbauer	stiglbauer	NOUN
eistud-16191	117	2	(	(	PUNCT
eistud-16191	117	3	2010	2010	NUM
eistud-16191	117	4	)	)	PUNCT
eistud-16191	117	5	has	have	AUX
eistud-16191	117	6	examined	examine	VERB
eistud-16191	117	7	a	a	DET
eistud-16191	117	8	set	set	NOUN
eistud-16191	117	9	of	of	ADP
eistud-16191	117	10	113	113	NUM
eistud-16191	117	11	companies	company	NOUN
eistud-16191	117	12	from	from	ADP
eistud-16191	117	13	the	the	DET
eistud-16191	117	14	dax30	dax30	PROPN
eistud-16191	117	15	,	,	PUNCT
eistud-16191	117	16	tecdax	tecdax	PROPN
eistud-16191	117	17	,	,	PUNCT
eistud-16191	117	18	mdax	mdax	NOUN
eistud-16191	117	19	and	and	CCONJ
eistud-16191	117	20	sdax	sdax	NOUN
eistud-16191	117	21	regarding	regard	VERB
eistud-16191	117	22	firm	firm	ADJ
eistud-16191	117	23	–	–	PUNCT
eistud-16191	117	24	specific	specific	ADJ
eistud-16191	117	25	characteris­	characteris­	PROPN
eistud-16191	117	26	tics	tic	NOUN
eistud-16191	117	27	.	.	PUNCT
eistud-16191	118	1	he	he	PRON
eistud-16191	118	2	argues	argue	VERB
eistud-16191	118	3	that	that	SCONJ
eistud-16191	118	4	the	the	DET
eistud-16191	118	5	implications	implication	NOUN
eistud-16191	118	6	of	of	ADP
eistud-16191	118	7	his	his	PRON
eistud-16191	118	8	study	study	NOUN
eistud-16191	118	9	are	be	AUX
eistud-16191	118	10	valid	valid	ADJ
eistud-16191	118	11	for	for	ADP
eistud-16191	118	12	all	all	DET
eistud-16191	118	13	german	german	ADJ
eistud-16191	118	14	listed	list	VERB
eistud-16191	118	15	companies	company	NOUN
eistud-16191	118	16	.	.	PUNCT
eistud-16191	119	1	he	he	PRON
eistud-16191	119	2	has	have	AUX
eistud-16191	119	3	measured	measure	VERB
eistud-16191	119	4	firm	firm	ADJ
eistud-16191	119	5	performance	performance	NOUN
eistud-16191	119	6	in	in	ADP
eistud-16191	119	7	terms	term	NOUN
eistud-16191	119	8	of	of	ADP
eistud-16191	119	9	profitability	profitability	NOUN
eistud-16191	119	10	using	use	VERB
eistud-16191	119	11	the	the	DET
eistud-16191	119	12	return	return	NOUN
eistud-16191	119	13	on	on	ADP
eistud-16191	119	14	assets	asset	NOUN
eistud-16191	119	15	(	(	PUNCT
eistud-16191	119	16	roa	roa	NOUN
eistud-16191	119	17	)	)	PUNCT
eistud-16191	119	18	,	,	PUNCT
eistud-16191	119	19	total	total	ADJ
eistud-16191	119	20	shareholder	shareholder	NOUN
eistud-16191	119	21	return	return	NOUN
eistud-16191	119	22	(	(	PUNCT
eistud-16191	119	23	tsr	tsr	PROPN
eistud-16191	119	24	)	)	PUNCT
eistud-16191	119	25	and	and	CCONJ
eistud-16191	119	26	return	return	VERB
eistud-16191	119	27	on	on	ADP
eistud-16191	119	28	equity	equity	NOUN
eistud-16191	119	29	(	(	PUNCT
eistud-16191	119	30	roe	roe	PROPN
eistud-16191	119	31	)	)	PUNCT
eistud-16191	119	32	.	.	PUNCT
eistud-16191	120	1	stiglbauer	stiglbauer	NOUN
eistud-16191	120	2	(	(	PUNCT
eistud-16191	120	3	2010	2010	NUM
eistud-16191	120	4	,	,	PUNCT
eistud-16191	120	5	p.	p.	NOUN
eistud-16191	120	6	4	4	NUM
eistud-16191	120	7	)	)	PUNCT
eistud-16191	120	8	mentions	mention	VERB
eistud-16191	120	9	six	six	NUM
eistud-16191	120	10	prior	prior	ADJ
eistud-16191	120	11	studies	study	NOUN
eistud-16191	120	12	examining	examine	VERB
eistud-16191	120	13	the	the	DET
eistud-16191	120	14	effect	effect	NOUN
eistud-16191	120	15	of	of	ADP
eistud-16191	120	16	corporate	corporate	ADJ
eistud-16191	120	17	governance	governance	NOUN
eistud-16191	120	18	on	on	ADP
eistud-16191	120	19	firm	firm	ADJ
eistud-16191	120	20	performance	performance	NOUN
eistud-16191	120	21	among	among	ADP
eistud-16191	120	22	german	german	ADJ
eistud-16191	120	23	com­	com­	NOUN
eistud-16191	120	24	panies	panie	NOUN
eistud-16191	120	25	whereas	whereas	SCONJ
eistud-16191	120	26	all	all	DET
eistud-16191	120	27	these	these	DET
eistud-16191	120	28	studies	study	NOUN
eistud-16191	120	29	have	have	VERB
eistud-16191	120	30	an	an	DET
eistud-16191	120	31	observation	observation	NOUN
eistud-16191	120	32	period	period	NOUN
eistud-16191	120	33	prior	prior	ADV
eistud-16191	120	34	to	to	ADP
eistud-16191	120	35	2005	2005	NUM
eistud-16191	120	36	which	which	PRON
eistud-16191	120	37	is	be	AUX
eistud-16191	120	38	three	three	NUM
eistud-16191	120	39	years	year	NOUN
eistud-16191	120	40	after	after	ADP
eistud-16191	120	41	the	the	DET
eistud-16191	120	42	introduction	introduction	NOUN
eistud-16191	120	43	of	of	ADP
eistud-16191	120	44	the	the	DET
eistud-16191	120	45	first	first	ADJ
eistud-16191	120	46	version	version	NOUN
eistud-16191	120	47	of	of	ADP
eistud-16191	120	48	the	the	DET
eistud-16191	120	49	german	german	ADJ
eistud-16191	120	50	corporate	corporate	ADJ
eistud-16191	120	51	governance	governance	NOUN
eistud-16191	120	52	code	code	NOUN
eistud-16191	120	53	.	.	PUNCT
eistud-16191	121	1	stiglbauer	stiglbauer	NOUN
eistud-16191	121	2	(	(	PUNCT
eistud-16191	121	3	2010	2010	NUM
eistud-16191	121	4	)	)	PUNCT
eistud-16191	121	5	,	,	PUNCT
eistud-16191	121	6	however	however	ADV
eistud-16191	121	7	,	,	PUNCT
eistud-16191	121	8	has	have	AUX
eistud-16191	121	9	not	not	PART
eistud-16191	121	10	examined	examine	VERB
eistud-16191	121	11	the	the	DET
eistud-16191	121	12	effect	effect	NOUN
eistud-16191	121	13	of	of	ADP
eistud-16191	121	14	single	single	ADJ
eistud-16191	121	15	corporate	corporate	ADJ
eistud-16191	121	16	governance	governance	NOUN
eistud-16191	121	17	characteristics	characteristic	NOUN
eistud-16191	121	18	and	and	CCONJ
eistud-16191	121	19	their	their	PRON
eistud-16191	121	20	cumulative	cumulative	ADJ
eistud-16191	121	21	effect	effect	NOUN
eistud-16191	121	22	on	on	ADP
eistud-16191	121	23	firm	firm	ADJ
eistud-16191	121	24	performance	performance	NOUN
eistud-16191	121	25	.	.	PUNCT
eistud-16191	122	1	ebeling	ebele	VERB
eistud-16191	122	2	(	(	PUNCT
eistud-16191	122	3	2015	2015	NUM
eistud-16191	122	4	)	)	PUNCT
eistud-16191	122	5	has	have	AUX
eistud-16191	122	6	examined	examine	VERB
eistud-16191	122	7	the	the	DET
eistud-16191	122	8	implementation	implementation	NOUN
eistud-16191	122	9	degree	degree	NOUN
eistud-16191	122	10	of	of	ADP
eistud-16191	122	11	the	the	DET
eistud-16191	122	12	corporate	corporate	ADJ
eistud-16191	122	13	governance	governance	NOUN
eistud-16191	122	14	code	code	NOUN
eistud-16191	122	15	and	and	CCONJ
eistud-16191	122	16	its	its	PRON
eistud-16191	122	17	effect	effect	NOUN
eistud-16191	122	18	on	on	ADP
eistud-16191	122	19	firm	firm	ADJ
eistud-16191	122	20	value	value	NOUN
eistud-16191	122	21	among	among	ADP
eistud-16191	122	22	companies	company	NOUN
eistud-16191	122	23	of	of	ADP
eistud-16191	122	24	the	the	DET
eistud-16191	122	25	german	german	ADJ
eistud-16191	122	26	real	real	ADJ
eistud-16191	122	27	estate	estate	NOUN
eistud-16191	122	28	index	index	NOUN
eistud-16191	122	29	(	(	PUNCT
eistud-16191	122	30	dimax	dimax	NOUN
eistud-16191	122	31	)	)	PUNCT
eistud-16191	122	32	including	include	VERB
eistud-16191	122	33	75	75	NUM
eistud-16191	122	34	companies	company	NOUN
eistud-16191	122	35	with	with	ADP
eistud-16191	122	36	an	an	DET
eistud-16191	122	37	observation	observation	NOUN
eistud-16191	122	38	period	period	NOUN
eistud-16191	122	39	of	of	ADP
eistud-16191	122	40	just	just	ADV
eistud-16191	122	41	a	a	DET
eistud-16191	122	42	single	single	ADJ
eistud-16191	122	43	year	year	NOUN
eistud-16191	122	44	(	(	PUNCT
eistud-16191	122	45	2010	2010	NUM
eistud-16191	122	46	)	)	PUNCT
eistud-16191	122	47	.	.	PUNCT
eistud-16191	123	1	research	research	NOUN
eistud-16191	123	2	approach	approach	NOUN
eistud-16191	123	3	,	,	PUNCT
eistud-16191	123	4	data	datum	NOUN
eistud-16191	123	5	and	and	CCONJ
eistud-16191	123	6	methods	method	NOUN
eistud-16191	123	7	according	accord	VERB
eistud-16191	123	8	to	to	ADP
eistud-16191	123	9	§	§	PROPN
eistud-16191	123	10	161	161	NUM
eistud-16191	123	11	german	german	ADJ
eistud-16191	123	12	corporate	corporate	ADJ
eistud-16191	123	13	governance	governance	NOUN
eistud-16191	123	14	codex	codex	NOUN
eistud-16191	123	15	(	(	PUNCT
eistud-16191	123	16	dcgk	dcgk	PROPN
eistud-16191	123	17	)	)	PUNCT
eistud-16191	123	18	,	,	PUNCT
eistud-16191	123	19	each	each	DET
eistud-16191	123	20	stock	stock	NOUN
eistud-16191	123	21	–	–	PUNCT
eistud-16191	123	22	listed	list	VERB
eistud-16191	123	23	company	company	NOUN
eistud-16191	123	24	must	must	AUX
eistud-16191	123	25	issue	issue	VERB
eistud-16191	123	26	an	an	DET
eistud-16191	123	27	annual	annual	ADJ
eistud-16191	123	28	statement	statement	NOUN
eistud-16191	123	29	concerning	concern	VERB
eistud-16191	123	30	the	the	DET
eistud-16191	123	31	company	company	NOUN
eistud-16191	123	32	’s	’s	PART
eistud-16191	123	33	compliance	compliance	NOUN
eistud-16191	123	34	with	with	ADP
eistud-16191	123	35	the	the	DET
eistud-16191	123	36	german	german	ADJ
eistud-16191	123	37	corpo­	corpo­	PROPN
eistud-16191	123	38	rate	rate	NOUN
eistud-16191	123	39	governance	governance	NOUN
eistud-16191	123	40	codex	codex	NOUN
eistud-16191	123	41	(	(	PUNCT
eistud-16191	123	42	dcgk	dcgk	PROPN
eistud-16191	123	43	)	)	PUNCT
eistud-16191	123	44	.	.	PUNCT
eistud-16191	124	1	this	this	DET
eistud-16191	124	2	declaration	declaration	NOUN
eistud-16191	124	3	must	must	AUX
eistud-16191	124	4	contain	contain	VERB
eistud-16191	124	5	the	the	DET
eistud-16191	124	6	number	number	NOUN
eistud-16191	124	7	and	and	CCONJ
eistud-16191	124	8	reasons	reason	NOUN
eistud-16191	124	9	for	for	ADP
eistud-16191	124	10	the	the	DET
eistud-16191	124	11	exceptions	exception	NOUN
eistud-16191	124	12	explicitly	explicitly	ADV
eistud-16191	124	13	.	.	PUNCT
eistud-16191	124	14	.	.	PUNCT
eistud-16191	125	1	thus	thus	ADV
eistud-16191	125	2	,	,	PUNCT
eistud-16191	125	3	the	the	DET
eistud-16191	125	4	dcgk	dcgk	NOUN
eistud-16191	125	5	represents	represent	VERB
eistud-16191	125	6	a	a	DET
eistud-16191	125	7	benchmark	benchmark	NOUN
eistud-16191	125	8	of	of	ADP
eistud-16191	125	9	‘	'	PUNCT
eistud-16191	125	10	good	good	ADJ
eistud-16191	125	11	’	'	PUNCT
eistud-16191	125	12	corporate	corporate	ADJ
eistud-16191	125	13	governance	governance	NOUN
eistud-16191	125	14	and	and	CCONJ
eistud-16191	125	15	allows	allow	VERB
eistud-16191	125	16	collecting	collect	VERB
eistud-16191	125	17	quantitative	quantitative	ADJ
eistud-16191	125	18	and	and	CCONJ
eistud-16191	125	19	comparable	comparable	ADJ
eistud-16191	125	20	data	datum	NOUN
eistud-16191	125	21	to	to	PART
eistud-16191	125	22	estimate	estimate	VERB
eistud-16191	125	23	corporate	corporate	ADJ
eistud-16191	125	24	governance	governance	NOUN
eistud-16191	125	25	level	level	NOUN
eistud-16191	125	26	without	without	ADP
eistud-16191	125	27	any	any	DET
eistud-16191	125	28	subjective	subjective	ADJ
eistud-16191	125	29	factors	factor	NOUN
eistud-16191	125	30	such	such	ADJ
eistud-16191	125	31	as	as	ADP
eistud-16191	125	32	researcher	researcher	NOUN
eistud-16191	125	33	classifications	classification	NOUN
eistud-16191	125	34	.	.	PUNCT
eistud-16191	126	1	good	good	ADJ
eistud-16191	126	2	corporate	corporate	ADJ
eistud-16191	126	3	governance	governance	NOUN
eistud-16191	126	4	is	be	AUX
eistud-16191	126	5	observed	observe	VERB
eistud-16191	126	6	mainly	mainly	ADV
eistud-16191	126	7	by	by	ADP
eistud-16191	126	8	deviations	deviation	NOUN
eistud-16191	126	9	from	from	ADP
eistud-16191	126	10	the	the	DET
eistud-16191	126	11	‘	'	PUNCT
eistud-16191	126	12	good	good	ADJ
eistud-16191	126	13	’	'	PUNCT
eistud-16191	126	14	corporate	corporate	ADJ
eistud-16191	126	15	governance	governance	NOUN
eistud-16191	126	16	codex	codex	NOUN
eistud-16191	126	17	as	as	ADP
eistud-16191	126	18	a	a	DET
eistud-16191	126	19	benchmark	benchmark	NOUN
eistud-16191	126	20	provided	provide	VERB
eistud-16191	126	21	by	by	ADP
eistud-16191	126	22	the	the	DET
eistud-16191	126	23	german	german	ADJ
eistud-16191	126	24	corporate	corporate	ADJ
eistud-16191	126	25	governance	governance	NOUN
eistud-16191	126	26	codex	codex	NOUN
eistud-16191	126	27	and	and	CCONJ
eistud-16191	126	28	is	be	AUX
eistud-16191	126	29	measured	measure	VERB
eistud-16191	126	30	as	as	ADP
eistud-16191	126	31	total	total	ADJ
eistud-16191	126	32	number	number	NOUN
eistud-16191	126	33	of	of	ADP
eistud-16191	126	34	ex­	ex­	NOUN
eistud-16191	126	35	ceptions	ception	NOUN
eistud-16191	126	36	from	from	ADP
eistud-16191	126	37	the	the	DET
eistud-16191	126	38	codex	codex	NOUN
eistud-16191	126	39	and	and	CCONJ
eistud-16191	126	40	as	as	ADP
eistud-16191	126	41	exceptions	exception	NOUN
eistud-16191	126	42	from	from	ADP
eistud-16191	126	43	selected	select	VERB
eistud-16191	126	44	core	core	NOUN
eistud-16191	126	45	elements	element	NOUN
eistud-16191	126	46	of	of	ADP
eistud-16191	126	47	the	the	DET
eistud-16191	126	48	codex	codex	NOUN
eistud-16191	126	49	.	.	PUNCT
eistud-16191	127	1	the	the	DET
eistud-16191	127	2	ger­	ger­	PROPN
eistud-16191	127	3	man	man	NOUN
eistud-16191	127	4	corporate	corporate	ADJ
eistud-16191	127	5	governance	governance	NOUN
eistud-16191	127	6	codex	codex	NOUN
eistud-16191	127	7	(	(	PUNCT
eistud-16191	127	8	dcgk	dcgk	PROPN
eistud-16191	127	9	)	)	PUNCT
eistud-16191	127	10	comprehends	comprehend	VERB
eistud-16191	127	11	62	62	NUM
eistud-16191	127	12	sections	section	NOUN
eistud-16191	127	13	.	.	PUNCT
eistud-16191	128	1	only	only	ADV
eistud-16191	128	2	a	a	DET
eistud-16191	128	3	certain	certain	ADJ
eistud-16191	128	4	number	number	NOUN
eistud-16191	128	5	of	of	ADP
eistud-16191	128	6	sections	section	NOUN
eistud-16191	128	7	are	be	AUX
eistud-16191	128	8	selected	select	VERB
eistud-16191	128	9	,	,	PUNCT
eistud-16191	128	10	which	which	PRON
eistud-16191	128	11	are	be	AUX
eistud-16191	128	12	to	to	PART
eistud-16191	128	13	be	be	AUX
eistud-16191	128	14	seen	see	VERB
eistud-16191	128	15	as	as	ADP
eistud-16191	128	16	essential	essential	ADJ
eistud-16191	128	17	parts	part	NOUN
eistud-16191	128	18	of	of	ADP
eistud-16191	128	19	‘	'	PUNCT
eistud-16191	128	20	good	good	ADJ
eistud-16191	128	21	’	'	PUNCT
eistud-16191	128	22	corporate	corporate	ADJ
eistud-16191	128	23	governance	governance	NOUN
eistud-16191	128	24	,	,	PUNCT
eistud-16191	128	25	based	base	VERB
eistud-16191	128	26	on	on	ADP
eistud-16191	128	27	the	the	DET
eistud-16191	128	28	factors	factor	NOUN
eistud-16191	128	29	derived	derive	VERB
eistud-16191	128	30	from	from	ADP
eistud-16191	128	31	the	the	DET
eistud-16191	128	32	literature	literature	NOUN
eistud-16191	128	33	and	and	CCONJ
eistud-16191	128	34	empirical	empirical	ADJ
eistud-16191	128	35	research	research	NOUN
eistud-16191	128	36	provided	provide	VERB
eistud-16191	128	37	by	by	ADP
eistud-16191	128	38	the	the	DET
eistud-16191	128	39	author	author	NOUN
eistud-16191	128	40	.	.	PUNCT
eistud-16191	129	1	for	for	ADP
eistud-16191	129	2	the	the	DET
eistud-16191	129	3	purpose	purpose	NOUN
eistud-16191	129	4	of	of	ADP
eistud-16191	129	5	this	this	DET
eistud-16191	129	6	paper	paper	NOUN
eistud-16191	129	7	,	,	PUNCT
eistud-16191	129	8	§	§	PROPN
eistud-16191	129	9	3	3	NUM
eistud-16191	129	10	of	of	ADP
eistud-16191	129	11	the	the	DET
eistud-16191	129	12	dcgk	dcgk	NOUN
eistud-16191	129	13	,	,	PUNCT
eistud-16191	129	14	§	§	PROPN
eistud-16191	129	15	3.8	3.8	NUM
eistud-16191	129	16	of	of	ADP
eistud-16191	129	17	the	the	DET
eistud-16191	129	18	dcgk	dcgk	NOUN
eistud-16191	129	19	,	,	PUNCT
eistud-16191	129	20	and	and	CCONJ
eistud-16191	129	21	§	§	PROPN
eistud-16191	129	22	5	5	NUM
eistud-16191	129	23	of	of	ADP
eistud-16191	129	24	the	the	DET
eistud-16191	129	25	dcgk	dcgk	PROPN
eistud-16191	129	26	(	(	PUNCT
eistud-16191	129	27	division	division	NOUN
eistud-16191	129	28	european	european	ADJ
eistud-16191	129	29	integrat	integrat	PROPN
eistud-16191	129	30	ion	ion	NOUN
eistud-16191	129	31	studies	study	NOUN
eistud-16191	129	32	2016/10	2016/10	NUM
eistud-16191	129	33	140	140	NUM
eistud-16191	129	34	of	of	ADP
eistud-16191	129	35	supervisory	supervisory	ADJ
eistud-16191	129	36	board	board	NOUN
eistud-16191	129	37	‘	'	PUNCT
eistud-16191	129	38	labor	labor	NOUN
eistud-16191	129	39	’	'	PUNCT
eistud-16191	129	40	regulating	regulate	VERB
eistud-16191	129	41	the	the	DET
eistud-16191	129	42	duties	duty	NOUN
eistud-16191	129	43	)	)	PUNCT
eistud-16191	129	44	are	be	AUX
eistud-16191	129	45	of	of	ADP
eistud-16191	129	46	special	special	ADJ
eistud-16191	129	47	focus	focus	NOUN
eistud-16191	129	48	.	.	PUNCT
eistud-16191	130	1	§	§	PROPN
eistud-16191	130	2	3	3	NUM
eistud-16191	130	3	of	of	ADP
eistud-16191	130	4	dcgk	dcgk	PROPN
eistud-16191	130	5	regulates	regulate	VERB
eistud-16191	130	6	the	the	DET
eistud-16191	130	7	cooperation	cooperation	NOUN
eistud-16191	130	8	between	between	ADP
eistud-16191	130	9	the	the	DET
eistud-16191	130	10	executive	executive	ADJ
eistud-16191	130	11	management	management	NOUN
eistud-16191	130	12	and	and	CCONJ
eistud-16191	130	13	supervisory	supervisory	ADJ
eistud-16191	130	14	board	board	NOUN
eistud-16191	130	15	.	.	PUNCT
eistud-16191	131	1	however	however	ADV
eistud-16191	131	2	,	,	PUNCT
eistud-16191	131	3	99	99	NUM
eistud-16191	131	4	%	%	NOUN
eistud-16191	131	5	of	of	ADP
eistud-16191	131	6	the	the	DET
eistud-16191	131	7	counted	count	VERB
eistud-16191	131	8	exceptions	exception	NOUN
eistud-16191	131	9	of	of	ADP
eistud-16191	131	10	this	this	DET
eistud-16191	131	11	sample	sample	NOUN
eistud-16191	131	12	refer	refer	VERB
eistud-16191	131	13	only	only	ADV
eistud-16191	131	14	to	to	ADP
eistud-16191	131	15	§	§	PROPN
eistud-16191	131	16	3.8	3.8	NUM
eistud-16191	131	17	.	.	PUNCT
eistud-16191	132	1	this	this	DET
eistud-16191	132	2	section	section	NOUN
eistud-16191	132	3	rules	rule	VERB
eistud-16191	132	4	the	the	DET
eistud-16191	132	5	own	own	ADJ
eistud-16191	132	6	–	–	PUNCT
eistud-16191	132	7	risk	risk	NOUN
eistud-16191	132	8	deductible	deductible	NOUN
eistud-16191	132	9	included	include	VERB
eistud-16191	132	10	in	in	ADP
eistud-16191	132	11	the	the	DET
eistud-16191	132	12	directors	director	NOUN
eistud-16191	132	13	and	and	CCONJ
eistud-16191	132	14	officers	officer	NOUN
eistud-16191	132	15	liability	liability	NOUN
eistud-16191	132	16	insurance	insurance	NOUN
eistud-16191	132	17	(	(	PUNCT
eistud-16191	132	18	d&o	d&o	NOUN
eistud-16191	132	19	insurance	insurance	NOUN
eistud-16191	132	20	)	)	PUNCT
eistud-16191	132	21	.	.	PUNCT
eistud-16191	133	1	dcgk	dcgk	PROPN
eistud-16191	133	2	requires	require	VERB
eistud-16191	133	3	:	:	PUNCT
eistud-16191	133	4	“	"	PUNCT
eistud-16191	133	5	if	if	SCONJ
eistud-16191	133	6	the	the	DET
eistud-16191	133	7	company	company	NOUN
eistud-16191	133	8	buys	buy	VERB
eistud-16191	133	9	d&o	d&o	PROPN
eistud-16191	133	10	insurance	insurance	NOUN
eistud-16191	133	11	for	for	ADP
eistud-16191	133	12	the	the	DET
eistud-16191	133	13	board	board	NOUN
eistud-16191	133	14	,	,	PUNCT
eistud-16191	133	15	a	a	DET
eistud-16191	133	16	deductible	deductible	NOUN
eistud-16191	133	17	of	of	ADP
eistud-16191	133	18	at	at	ADV
eistud-16191	133	19	least	least	ADV
eistud-16191	133	20	10	10	NUM
eistud-16191	133	21	%	%	NOUN
eistud-16191	133	22	of	of	ADP
eistud-16191	133	23	the	the	DET
eistud-16191	133	24	damage	damage	NOUN
eistud-16191	133	25	must	must	AUX
eistud-16191	133	26	be	be	AUX
eistud-16191	133	27	agreed	agree	VERB
eistud-16191	133	28	up	up	ADP
eistud-16191	133	29	to	to	ADP
eistud-16191	133	30	at	at	ADV
eistud-16191	133	31	least	least	ADV
eistud-16191	133	32	a	a	DET
eistud-16191	133	33	half	half	NOUN
eistud-16191	133	34	times	time	NOUN
eistud-16191	133	35	the	the	DET
eistud-16191	133	36	fixed	fix	VERB
eistud-16191	133	37	annual	annual	ADJ
eistud-16191	133	38	remuneration	remuneration	NOUN
eistud-16191	133	39	of	of	ADP
eistud-16191	133	40	the	the	DET
eistud-16191	133	41	board	board	NOUN
eistud-16191	133	42	member	member	NOUN
eistud-16191	133	43	.	.	PUNCT
eistud-16191	134	1	in	in	ADP
eistud-16191	134	2	d&o	d&o	NOUN
eistud-16191	134	3	insurance	insurance	NOUN
eistud-16191	134	4	for	for	ADP
eistud-16191	134	5	the	the	DET
eistud-16191	134	6	supervisory	supervisory	ADJ
eistud-16191	134	7	board	board	NOUN
eistud-16191	134	8	,	,	PUNCT
eistud-16191	134	9	a	a	DET
eistud-16191	134	10	similar	similar	ADJ
eistud-16191	134	11	deductible	deductible	NOUN
eistud-16191	134	12	must	must	AUX
eistud-16191	134	13	be	be	AUX
eistud-16191	134	14	agreed	agree	VERB
eistud-16191	134	15	upon	upon	SCONJ
eistud-16191	134	16	.	.	PUNCT
eistud-16191	134	17	”	"	PUNCT
eistud-16191	135	1	(	(	PUNCT
eistud-16191	135	2	dcgk	dcgk	PROPN
eistud-16191	135	3	,	,	PUNCT
eistud-16191	135	4	2015	2015	NUM
eistud-16191	135	5	)	)	PUNCT
eistud-16191	135	6	the	the	DET
eistud-16191	135	7	ruling	rule	VERB
eistud-16191	135	8	idea	idea	NOUN
eistud-16191	135	9	behind	behind	ADP
eistud-16191	135	10	§	§	PROPN
eistud-16191	135	11	3.8	3.8	NUM
eistud-16191	135	12	of	of	ADP
eistud-16191	135	13	dcgk	dcgk	PROPN
eistud-16191	135	14	is	be	AUX
eistud-16191	135	15	to	to	PART
eistud-16191	135	16	increase	increase	VERB
eistud-16191	135	17	the	the	DET
eistud-16191	135	18	liability	liability	NOUN
eistud-16191	135	19	of	of	ADP
eistud-16191	135	20	board	board	NOUN
eistud-16191	135	21	members	member	NOUN
eistud-16191	135	22	so	so	SCONJ
eistud-16191	135	23	that	that	SCONJ
eistud-16191	135	24	board	board	NOUN
eistud-16191	135	25	members	member	NOUN
eistud-16191	135	26	are	be	AUX
eistud-16191	135	27	,	,	PUNCT
eistud-16191	135	28	on	on	ADP
eistud-16191	135	29	the	the	DET
eistud-16191	135	30	one	one	NUM
eistud-16191	135	31	hand	hand	NOUN
eistud-16191	135	32	,	,	PUNCT
eistud-16191	135	33	more	more	ADJ
eistud-16191	135	34	risk	risk	NOUN
eistud-16191	135	35	averse	averse	ADJ
eistud-16191	135	36	and	and	CCONJ
eistud-16191	135	37	,	,	PUNCT
eistud-16191	135	38	on	on	ADP
eistud-16191	135	39	the	the	DET
eistud-16191	135	40	other	other	ADJ
eistud-16191	135	41	hand	hand	NOUN
eistud-16191	135	42	,	,	PUNCT
eistud-16191	135	43	exercise	exercise	VERB
eistud-16191	135	44	more	more	ADJ
eistud-16191	135	45	caution	caution	NOUN
eistud-16191	135	46	in	in	ADP
eistud-16191	135	47	their	their	PRON
eistud-16191	135	48	supervisory	supervisory	ADJ
eistud-16191	135	49	activities	activity	NOUN
eistud-16191	135	50	.	.	PUNCT
eistud-16191	136	1	additionally	additionally	ADV
eistud-16191	136	2	,	,	PUNCT
eistud-16191	136	3	board	board	NOUN
eistud-16191	136	4	size	size	NOUN
eistud-16191	136	5	,	,	PUNCT
eistud-16191	136	6	number	number	NOUN
eistud-16191	136	7	of	of	ADP
eistud-16191	136	8	committees	committee	NOUN
eistud-16191	136	9	,	,	PUNCT
eistud-16191	136	10	compensations	compensation	NOUN
eistud-16191	136	11	,	,	PUNCT
eistud-16191	136	12	etc	etc	X
eistud-16191	136	13	.	.	X
eistud-16191	136	14	are	be	AUX
eistud-16191	136	15	collected	collect	VERB
eistud-16191	136	16	as	as	ADV
eistud-16191	136	17	well	well	ADV
eistud-16191	136	18	.	.	PUNCT
eistud-16191	137	1	some	some	DET
eistud-16191	137	2	data	datum	NOUN
eistud-16191	137	3	are	be	AUX
eistud-16191	137	4	calculated	calculate	VERB
eistud-16191	137	5	based	base	VERB
eistud-16191	137	6	on	on	ADP
eistud-16191	137	7	given	give	VERB
eistud-16191	137	8	financials	financial	NOUN
eistud-16191	137	9	,	,	PUNCT
eistud-16191	137	10	such	such	ADJ
eistud-16191	137	11	as	as	ADP
eistud-16191	137	12	share	share	NOUN
eistud-16191	137	13	of	of	ADP
eistud-16191	137	14	management	management	NOUN
eistud-16191	137	15	costs	cost	NOUN
eistud-16191	137	16	to	to	ADP
eistud-16191	137	17	revenue	revenue	NOUN
eistud-16191	137	18	.	.	PUNCT
eistud-16191	138	1	the	the	DET
eistud-16191	138	2	total	total	ADJ
eistud-16191	138	3	sample	sample	NOUN
eistud-16191	138	4	consists	consist	VERB
eistud-16191	138	5	of	of	ADP
eistud-16191	138	6	128	128	NUM
eistud-16191	138	7	german	german	ADJ
eistud-16191	138	8	companies	company	NOUN
eistud-16191	138	9	listed	list	VERB
eistud-16191	138	10	in	in	ADP
eistud-16191	138	11	the	the	DET
eistud-16191	138	12	dax30	dax30	PROPN
eistud-16191	138	13	,	,	PUNCT
eistud-16191	138	14	mdax	mdax	PROPN
eistud-16191	138	15	,	,	PUNCT
eistud-16191	138	16	sdax	sdax	NOUN
eistud-16191	138	17	,	,	PUNCT
eistud-16191	138	18	and	and	CCONJ
eistud-16191	138	19	tecdax	tecdax	NOUN
eistud-16191	138	20	in	in	ADP
eistud-16191	138	21	the	the	DET
eistud-16191	138	22	period	period	NOUN
eistud-16191	138	23	2005	2005	NUM
eistud-16191	138	24	to	to	ADP
eistud-16191	138	25	2014	2014	NUM
eistud-16191	138	26	for	for	ADP
eistud-16191	138	27	which	which	PRON
eistud-16191	138	28	the	the	DET
eistud-16191	138	29	necessary	necessary	ADJ
eistud-16191	138	30	data	datum	NOUN
eistud-16191	138	31	were	be	AUX
eistud-16191	138	32	completely	completely	ADV
eistud-16191	138	33	available	available	ADJ
eistud-16191	138	34	.	.	PUNCT
eistud-16191	139	1	the	the	DET
eistud-16191	139	2	data	data	NOUN
eistud-16191	139	3	source	source	NOUN
eistud-16191	139	4	for	for	ADP
eistud-16191	139	5	firm	firm	ADJ
eistud-16191	139	6	performance	performance	NOUN
eistud-16191	139	7	metrics	metric	NOUN
eistud-16191	139	8	is	be	AUX
eistud-16191	139	9	thomson	thomson	NOUN
eistud-16191	139	10	one	one	NUM
eistud-16191	139	11	by	by	ADP
eistud-16191	139	12	thomson	thomson	PROPN
eistud-16191	139	13	reuters	reuters	PROPN
eistud-16191	139	14	and	and	CCONJ
eistud-16191	139	15	morningstar	morningstar	NOUN
eistud-16191	139	16	.	.	PUNCT
eistud-16191	140	1	the	the	DET
eistud-16191	140	2	data	datum	NOUN
eistud-16191	140	3	for	for	ADP
eistud-16191	140	4	qualifying	qualify	VERB
eistud-16191	140	5	corporate	corporate	ADJ
eistud-16191	140	6	governance	governance	NOUN
eistud-16191	140	7	are	be	AUX
eistud-16191	140	8	retrieved	retrieve	VERB
eistud-16191	140	9	from	from	ADP
eistud-16191	140	10	corporate	corporate	ADJ
eistud-16191	140	11	gov­	gov­	NOUN
eistud-16191	140	12	ernance	ernance	NOUN
eistud-16191	140	13	reports	report	NOUN
eistud-16191	140	14	,	,	PUNCT
eistud-16191	140	15	containing	contain	VERB
eistud-16191	140	16	the	the	DET
eistud-16191	140	17	declaration	declaration	NOUN
eistud-16191	140	18	of	of	ADP
eistud-16191	140	19	exceptions	exception	NOUN
eistud-16191	140	20	to	to	ADP
eistud-16191	140	21	the	the	DET
eistud-16191	140	22	corporate	corporate	ADJ
eistud-16191	140	23	governance	governance	NOUN
eistud-16191	140	24	codex	codex	NOUN
eistud-16191	140	25	,	,	PUNCT
eistud-16191	140	26	and	and	CCONJ
eistud-16191	140	27	annual	annual	ADJ
eistud-16191	140	28	reports	report	NOUN
eistud-16191	140	29	containing	contain	VERB
eistud-16191	140	30	key	key	ADJ
eistud-16191	140	31	performance	performance	NOUN
eistud-16191	140	32	metrics	metric	NOUN
eistud-16191	140	33	,	,	PUNCT
eistud-16191	140	34	the	the	DET
eistud-16191	140	35	number	number	NOUN
eistud-16191	140	36	of	of	ADP
eistud-16191	140	37	board	board	NOUN
eistud-16191	140	38	members	member	NOUN
eistud-16191	140	39	,	,	PUNCT
eistud-16191	140	40	board	board	NOUN
eistud-16191	140	41	members	member	NOUN
eistud-16191	140	42	’	'	PUNCT
eistud-16191	140	43	academic	academic	ADJ
eistud-16191	140	44	degrees	degree	NOUN
eistud-16191	140	45	,	,	PUNCT
eistud-16191	140	46	number	number	NOUN
eistud-16191	140	47	of	of	ADP
eistud-16191	140	48	committees	committee	NOUN
eistud-16191	140	49	,	,	PUNCT
eistud-16191	140	50	performance	performance	NOUN
eistud-16191	140	51	–	–	PUNCT
eistud-16191	140	52	based	base	VERB
eistud-16191	140	53	supervisory	supervisory	ADJ
eistud-16191	140	54	board	board	NOUN
eistud-16191	140	55	compensation	compensation	NOUN
eistud-16191	140	56	,	,	PUNCT
eistud-16191	140	57	etc	etc	X
eistud-16191	140	58	.	.	X
eistud-16191	141	1	the	the	DET
eistud-16191	141	2	values	value	NOUN
eistud-16191	141	3	are	be	AUX
eistud-16191	141	4	collected	collect	VERB
eistud-16191	141	5	from	from	ADP
eistud-16191	141	6	the	the	DET
eistud-16191	141	7	annual	annual	ADJ
eistud-16191	141	8	reports	report	NOUN
eistud-16191	141	9	and	and	CCONJ
eistud-16191	141	10	corporate	corporate	ADJ
eistud-16191	141	11	governance	governance	NOUN
eistud-16191	141	12	compliance	compliance	NOUN
eistud-16191	141	13	statements	statement	NOUN
eistud-16191	141	14	for	for	ADP
eistud-16191	141	15	the	the	DET
eistud-16191	141	16	years	year	NOUN
eistud-16191	141	17	2010	2010	NUM
eistud-16191	141	18	and	and	CCONJ
eistud-16191	141	19	2014	2014	NUM
eistud-16191	141	20	,	,	PUNCT
eistud-16191	141	21	converging	converge	VERB
eistud-16191	141	22	with	with	ADP
eistud-16191	141	23	the	the	DET
eistud-16191	141	24	financial	financial	ADJ
eistud-16191	141	25	data	datum	NOUN
eistud-16191	141	26	that	that	PRON
eistud-16191	141	27	re­	re­	PROPN
eistud-16191	141	28	fer	fer	PROPN
eistud-16191	141	29	on	on	ADP
eistud-16191	141	30	a	a	DET
eistud-16191	141	31	5	5	NUM
eistud-16191	141	32	–	–	PUNCT
eistud-16191	141	33	year	year	NOUN
eistud-16191	141	34	period	period	NOUN
eistud-16191	141	35	such	such	ADJ
eistud-16191	141	36	as	as	ADP
eistud-16191	141	37	5	5	NUM
eistud-16191	141	38	–	–	PUNCT
eistud-16191	141	39	year	year	NOUN
eistud-16191	141	40	total	total	NOUN
eistud-16191	141	41	shareholder	shareholder	NOUN
eistud-16191	141	42	return	return	NOUN
eistud-16191	141	43	average	average	ADJ
eistud-16191	141	44	,	,	PUNCT
eistud-16191	141	45	5	5	NUM
eistud-16191	141	46	–	–	PUNCT
eistud-16191	141	47	year	year	NOUN
eistud-16191	141	48	return	return	NOUN
eistud-16191	141	49	growth	growth	NOUN
eistud-16191	141	50	(	(	PUNCT
eistud-16191	141	51	cagr)1	cagr)1	PROPN
eistud-16191	141	52	,	,	PUNCT
eistud-16191	141	53	etc	etc	X
eistud-16191	141	54	.	.	X
eistud-16191	142	1	the	the	DET
eistud-16191	142	2	financial	financial	ADJ
eistud-16191	142	3	data	datum	NOUN
eistud-16191	142	4	are	be	AUX
eistud-16191	142	5	all	all	ADV
eistud-16191	142	6	scaled	scale	VERB
eistud-16191	142	7	numerically	numerically	ADV
eistud-16191	142	8	,	,	PUNCT
eistud-16191	142	9	as	as	SCONJ
eistud-16191	142	10	are	be	AUX
eistud-16191	142	11	most	most	ADV
eistud-16191	142	12	corporate	corporate	ADJ
eistud-16191	142	13	governance	governance	NOUN
eistud-16191	142	14	values	value	NOUN
eistud-16191	142	15	.	.	PUNCT
eistud-16191	143	1	however	however	ADV
eistud-16191	143	2	for	for	ADP
eistud-16191	143	3	this	this	DET
eistud-16191	143	4	purpose	purpose	NOUN
eistud-16191	143	5	,	,	PUNCT
eistud-16191	143	6	only	only	ADV
eistud-16191	143	7	some	some	DET
eistud-16191	143	8	data	datum	NOUN
eistud-16191	143	9	are	be	AUX
eistud-16191	143	10	nominally	nominally	ADV
eistud-16191	143	11	scaled	scale	VERB
eistud-16191	143	12	.	.	PUNCT
eistud-16191	144	1	the	the	DET
eistud-16191	144	2	sample	sample	NOUN
eistud-16191	144	3	is	be	AUX
eistud-16191	144	4	,	,	PUNCT
eistud-16191	144	5	particularly	particularly	ADV
eistud-16191	144	6	in	in	ADP
eistud-16191	144	7	comparison	comparison	NOUN
eistud-16191	144	8	with	with	ADP
eistud-16191	144	9	international	international	ADJ
eistud-16191	144	10	key	key	ADJ
eistud-16191	144	11	figures	figure	NOUN
eistud-16191	144	12	,	,	PUNCT
eistud-16191	144	13	a	a	DET
eistud-16191	144	14	representative	representative	ADJ
eistud-16191	144	15	sample	sample	NOUN
eistud-16191	144	16	.	.	PUNCT
eistud-16191	145	1	however	however	ADV
eistud-16191	145	2	,	,	PUNCT
eistud-16191	145	3	it	it	PRON
eistud-16191	145	4	must	must	AUX
eistud-16191	145	5	be	be	AUX
eistud-16191	145	6	mentioned	mention	VERB
eistud-16191	145	7	that	that	SCONJ
eistud-16191	145	8	the	the	DET
eistud-16191	145	9	sample	sample	NOUN
eistud-16191	145	10	is	be	AUX
eistud-16191	145	11	dominated	dominate	VERB
eistud-16191	145	12	by	by	ADP
eistud-16191	145	13	smaller	small	ADJ
eistud-16191	145	14	companies	company	NOUN
eistud-16191	145	15	due	due	ADP
eistud-16191	145	16	to	to	ADP
eistud-16191	145	17	the	the	DET
eistud-16191	145	18	fact	fact	NOUN
eistud-16191	145	19	that	that	SCONJ
eistud-16191	145	20	already	already	ADV
eistud-16191	145	21	two	two	NUM
eistud-16191	145	22	indices	index	NOUN
eistud-16191	145	23	are	be	AUX
eistud-16191	145	24	small	small	ADJ
eistud-16191	145	25	companies	company	NOUN
eistud-16191	145	26	’	'	PUNCT
eistud-16191	145	27	indices	index	NOUN
eistud-16191	145	28	,	,	PUNCT
eistud-16191	145	29	namely	namely	ADV
eistud-16191	145	30	the	the	DET
eistud-16191	145	31	sdax	sdax	NOUN
eistud-16191	145	32	and	and	CCONJ
eistud-16191	145	33	tecdax	tecdax	PROPN
eistud-16191	145	34	.	.	PUNCT
eistud-16191	146	1	the	the	DET
eistud-16191	146	2	tecdax	tecdax	NOUN
eistud-16191	146	3	is	be	AUX
eistud-16191	146	4	not	not	PART
eistud-16191	146	5	defined	define	VERB
eistud-16191	146	6	by	by	ADP
eistud-16191	146	7	a	a	DET
eistud-16191	146	8	market	market	NOUN
eistud-16191	146	9	cap	cap	NOUN
eistud-16191	146	10	threshold	threshold	NOUN
eistud-16191	146	11	,	,	PUNCT
eistud-16191	146	12	but	but	CCONJ
eistud-16191	146	13	by	by	ADP
eistud-16191	146	14	segment	segment	NOUN
eistud-16191	146	15	definition	definition	NOUN
eistud-16191	146	16	.	.	PUNCT
eistud-16191	147	1	the	the	DET
eistud-16191	147	2	sample	sample	NOUN
eistud-16191	147	3	’s	’s	PART
eistud-16191	147	4	revenue	revenue	NOUN
eistud-16191	147	5	median	median	NOUN
eistud-16191	147	6	is	be	AUX
eistud-16191	147	7	eur	eur	PROPN
eistud-16191	147	8	1,765	1,765	NUM
eistud-16191	147	9	m	m	NOUN
eistud-16191	147	10	so	so	SCONJ
eistud-16191	147	11	that	that	SCONJ
eistud-16191	147	12	50	50	NUM
eistud-16191	147	13	%	%	NOUN
eistud-16191	147	14	of	of	ADP
eistud-16191	147	15	the	the	DET
eistud-16191	147	16	companies	company	NOUN
eistud-16191	147	17	generate	generate	VERB
eistud-16191	147	18	lesser	less	ADJ
eistud-16191	147	19	than	than	ADP
eistud-16191	147	20	eur	eur	NOUN
eistud-16191	147	21	1,765	1,765	NUM
eistud-16191	147	22	m.	m.	NOUN
eistud-16191	147	23	instead	instead	ADV
eistud-16191	147	24	,	,	PUNCT
eistud-16191	147	25	the	the	DET
eistud-16191	147	26	top	top	ADJ
eistud-16191	147	27	quartile	quartile	NOUN
eistud-16191	147	28	includes	include	VERB
eistud-16191	147	29	companies	company	NOUN
eistud-16191	147	30	from	from	ADP
eistud-16191	147	31	eur	eur	PROPN
eistud-16191	147	32	14,534	14,534	NUM
eistud-16191	147	33	m	m	NOUN
eistud-16191	147	34	up	up	ADP
eistud-16191	147	35	to	to	ADP
eistud-16191	147	36	eur	eur	NOUN
eistud-16191	147	37	202,445	202,445	NUM
eistud-16191	147	38	m.	m.	NOUN
eistud-16191	147	39	additionally	additionally	ADV
eistud-16191	147	40	,	,	PUNCT
eistud-16191	147	41	109	109	NUM
eistud-16191	147	42	companies	company	NOUN
eistud-16191	147	43	generate	generate	VERB
eistud-16191	147	44	lesser	less	ADJ
eistud-16191	147	45	than	than	ADP
eistud-16191	147	46	20	20	NUM
eistud-16191	147	47	%	%	NOUN
eistud-16191	147	48	of	of	ADP
eistud-16191	147	49	the	the	DET
eistud-16191	147	50	revenue	revenue	NOUN
eistud-16191	147	51	of	of	ADP
eistud-16191	147	52	the	the	DET
eistud-16191	147	53	top	top	ADJ
eistud-16191	147	54	company	company	NOUN
eistud-16191	147	55	,	,	PUNCT
eistud-16191	147	56	which	which	PRON
eistud-16191	147	57	is	be	AUX
eistud-16191	147	58	volkswagen	volkswagen	PROPN
eistud-16191	147	59	ag	ag	PROPN
eistud-16191	147	60	with	with	ADP
eistud-16191	147	61	eur	eur	PROPN
eistud-16191	147	62	202,458	202,458	NUM
eistud-16191	147	63	m.	m.	NOUN
eistud-16191	147	64	however	however	ADV
eistud-16191	147	65	,	,	PUNCT
eistud-16191	147	66	from	from	ADP
eistud-16191	147	67	the	the	DET
eistud-16191	147	68	shareholder	shareholder	NOUN
eistud-16191	147	69	’s	’s	PART
eistud-16191	147	70	view	view	NOUN
eistud-16191	147	71	,	,	PUNCT
eistud-16191	147	72	the	the	DET
eistud-16191	147	73	sample	sample	NOUN
eistud-16191	147	74	is	be	AUX
eistud-16191	147	75	very	very	ADV
eistud-16191	147	76	profitable	profitable	ADJ
eistud-16191	147	77	with	with	ADP
eistud-16191	147	78	the	the	DET
eistud-16191	147	79	total	total	ADJ
eistud-16191	147	80	sample	sample	NOUN
eistud-16191	147	81	’s	’s	PART
eistud-16191	147	82	5	5	NUM
eistud-16191	147	83	–	–	PUNCT
eistud-16191	147	84	year	year	NOUN
eistud-16191	147	85	total	total	NOUN
eistud-16191	147	86	shareholder	shareholder	NOUN
eistud-16191	147	87	return	return	NOUN
eistud-16191	147	88	(	(	PUNCT
eistud-16191	147	89	tsr	tsr	PROPN
eistud-16191	147	90	)	)	PUNCT
eistud-16191	147	91	average	average	NOUN
eistud-16191	147	92	of	of	ADP
eistud-16191	147	93	21.8	21.8	NUM
eistud-16191	147	94	%	%	NOUN
eistud-16191	147	95	.	.	PUNCT
eistud-16191	148	1	furthermore	furthermore	ADV
eistud-16191	148	2	,	,	PUNCT
eistud-16191	148	3	the	the	DET
eistud-16191	148	4	sample	sample	NOUN
eistud-16191	148	5	shows	show	VERB
eistud-16191	148	6	a	a	DET
eistud-16191	148	7	significantly	significantly	ADV
eistud-16191	148	8	higher	high	ADJ
eistud-16191	148	9	year	year	NOUN
eistud-16191	148	10	–	–	PUNCT
eistud-16191	148	11	over	over	ADP
eistud-16191	148	12	–	–	PUNCT
eistud-16191	148	13	year	year	NOUN
eistud-16191	148	14	growth	growth	NOUN
eistud-16191	148	15	rate	rate	NOUN
eistud-16191	148	16	in	in	ADP
eistud-16191	148	17	2014	2014	NUM
eistud-16191	148	18	than	than	ADP
eistud-16191	148	19	the	the	DET
eistud-16191	148	20	s&p	s&p	PROPN
eistud-16191	148	21	500	500	NUM
eistud-16191	148	22	.	.	PUNCT
eistud-16191	149	1	whereas	whereas	SCONJ
eistud-16191	149	2	the	the	DET
eistud-16191	149	3	sample	sample	NOUN
eistud-16191	149	4	’s	’s	PART
eistud-16191	149	5	average	average	NOUN
eistud-16191	149	6	is	be	AUX
eistud-16191	149	7	10.3	10.3	NUM
eistud-16191	149	8	%	%	NOUN
eistud-16191	149	9	,	,	PUNCT
eistud-16191	149	10	the	the	DET
eistud-16191	149	11	s&p	s&p	PROPN
eistud-16191	149	12	500	500	NUM
eistud-16191	149	13	year	year	NOUN
eistud-16191	149	14	–	–	PUNCT
eistud-16191	149	15	over	over	ADP
eistud-16191	149	16	–	–	PUNCT
eistud-16191	149	17	year	year	NOUN
eistud-16191	149	18	revenue	revenue	NOUN
eistud-16191	149	19	growth	growth	NOUN
eistud-16191	149	20	is	be	AUX
eistud-16191	149	21	2.83	2.83	NUM
eistud-16191	149	22	%	%	NOUN
eistud-16191	149	23	(	(	PUNCT
eistud-16191	149	24	csimarket	csimarket	ADJ
eistud-16191	149	25	2015	2015	NUM
eistud-16191	149	26	)	)	PUNCT
eistud-16191	149	27	.	.	PUNCT
eistud-16191	150	1	the	the	DET
eistud-16191	150	2	research	research	NOUN
eistud-16191	150	3	process	process	NOUN
eistud-16191	150	4	involves	involve	VERB
eistud-16191	150	5	several	several	ADJ
eistud-16191	150	6	steps	step	NOUN
eistud-16191	150	7	and	and	CCONJ
eistud-16191	150	8	different	different	ADJ
eistud-16191	150	9	statistical	statistical	ADJ
eistud-16191	150	10	tests	test	NOUN
eistud-16191	150	11	conducted	conduct	VERB
eistud-16191	150	12	with	with	ADP
eistud-16191	150	13	the	the	DET
eistud-16191	150	14	total	total	ADJ
eistud-16191	150	15	sample	sample	NOUN
eistud-16191	150	16	as	as	ADV
eistud-16191	150	17	well	well	ADV
eistud-16191	150	18	as	as	ADP
eistud-16191	150	19	with	with	ADP
eistud-16191	150	20	subgroups	subgroup	NOUN
eistud-16191	150	21	.	.	PUNCT
eistud-16191	151	1	the	the	DET
eistud-16191	151	2	main	main	ADJ
eistud-16191	151	3	data	datum	NOUN
eistud-16191	151	4	analyses	analyse	VERB
eistud-16191	151	5	methods	method	NOUN
eistud-16191	151	6	are	be	AUX
eistud-16191	151	7	bivariate	bivariate	ADJ
eistud-16191	151	8	correlations	correlation	NOUN
eistud-16191	151	9	testing	testing	NOUN
eistud-16191	151	10	and	and	CCONJ
eistud-16191	151	11	tests	test	NOUN
eistud-16191	151	12	for	for	ADP
eistud-16191	151	13	statistical	statistical	ADJ
eistud-16191	151	14	differences	difference	NOUN
eistud-16191	151	15	(	(	PUNCT
eistud-16191	151	16	t	t	NOUN
eistud-16191	151	17	–	–	PUNCT
eistud-16191	151	18	test	test	NOUN
eistud-16191	151	19	)	)	PUNCT
eistud-16191	151	20	,	,	PUNCT
eistud-16191	151	21	the	the	DET
eistud-16191	151	22	latter	latter	ADJ
eistud-16191	151	23	in	in	ADP
eistud-16191	151	24	particular	particular	ADJ
eistud-16191	151	25	to	to	PART
eistud-16191	151	26	find	find	VERB
eistud-16191	151	27	differences	difference	NOUN
eistud-16191	151	28	between	between	ADP
eistud-16191	151	29	groups	group	NOUN
eistud-16191	151	30	clustered	cluster	VERB
eistud-16191	151	31	by	by	ADP
eistud-16191	151	32	their	their	PRON
eistud-16191	151	33	5	5	NUM
eistud-16191	151	34	–	–	PUNCT
eistud-16191	151	35	year	year	NOUN
eistud-16191	151	36	total	total	NOUN
eistud-16191	151	37	shareholder	shareholder	NOUN
eistud-16191	151	38	return	return	VERB
eistud-16191	151	39	growth	growth	NOUN
eistud-16191	151	40	result­	result­	NOUN
eistud-16191	151	41	ing	e	VERB
eistud-16191	151	42	in	in	ADP
eistud-16191	151	43	a	a	DET
eistud-16191	151	44	tsr	tsr	PROPN
eistud-16191	151	45	top–30	top–30	PROPN
eistud-16191	151	46	group	group	NOUN
eistud-16191	151	47	and	and	CCONJ
eistud-16191	151	48	tsr	tsr	PROPN
eistud-16191	151	49	bottom–30	bottom–30	PROPN
eistud-16191	151	50	group	group	NOUN
eistud-16191	151	51	.	.	PUNCT
eistud-16191	152	1	based	base	VERB
eistud-16191	152	2	on	on	ADP
eistud-16191	152	3	these	these	DET
eistud-16191	152	4	data	datum	NOUN
eistud-16191	152	5	,	,	PUNCT
eistud-16191	152	6	which	which	PRON
eistud-16191	152	7	are	be	AUX
eistud-16191	152	8	supplemented	supplement	VERB
eistud-16191	152	9	by	by	ADP
eistud-16191	152	10	several	several	ADJ
eistud-16191	152	11	firm	firm	ADJ
eistud-16191	152	12	performance	performance	NOUN
eistud-16191	152	13	characteristics	characteristic	NOUN
eistud-16191	152	14	such	such	ADJ
eistud-16191	152	15	as	as	ADP
eistud-16191	152	16	revenue	revenue	NOUN
eistud-16191	152	17	growth	growth	NOUN
eistud-16191	152	18	,	,	PUNCT
eistud-16191	152	19	total	total	ADJ
eistud-16191	152	20	shareholder	shareholder	NOUN
eistud-16191	152	21	growth	growth	NOUN
eistud-16191	152	22	,	,	PUNCT
eistud-16191	152	23	and	and	CCONJ
eistud-16191	152	24	financial	financial	ADJ
eistud-16191	152	25	leverage	leverage	NOUN
eistud-16191	152	26	,	,	PUNCT
eistud-16191	152	27	the	the	DET
eistud-16191	152	28	following	follow	VERB
eistud-16191	152	29	tests	test	NOUN
eistud-16191	152	30	are	be	AUX
eistud-16191	152	31	applied	apply	VERB
eistud-16191	152	32	:	:	PUNCT
eistud-16191	152	33	1	1	NUM
eistud-16191	152	34	cagr	cagr	NOUN
eistud-16191	152	35	:	:	PUNCT
eistud-16191	152	36	compound	compound	VERB
eistud-16191	152	37	annual	annual	ADJ
eistud-16191	152	38	growth	growth	NOUN
eistud-16191	152	39	rate	rate	NOUN
eistud-16191	152	40	.	.	PUNCT
eistud-16191	153	1	141	141	NUM
eistud-16191	153	2	european	european	ADJ
eistud-16191	153	3	integrat	integrat	NOUN
eistud-16191	153	4	ion	ion	NOUN
eistud-16191	153	5	studies	study	NOUN
eistud-16191	153	6	2016/10	2016/10	NUM
eistud-16191	153	7	1	1	NUM
eistud-16191	153	8	testing	test	VERB
eistud-16191	153	9	statistical	statistical	ADJ
eistud-16191	153	10	influence	influence	NOUN
eistud-16191	153	11	of	of	ADP
eistud-16191	153	12	single	single	ADJ
eistud-16191	153	13	board	board	NOUN
eistud-16191	153	14	characteristics	characteristic	NOUN
eistud-16191	153	15	on	on	ADP
eistud-16191	153	16	firm	firm	ADJ
eistud-16191	153	17	performance	performance	NOUN
eistud-16191	153	18	among	among	ADP
eistud-16191	153	19	the	the	DET
eistud-16191	153	20	total	total	ADJ
eistud-16191	153	21	sample	sample	NOUN
eistud-16191	153	22	.	.	PUNCT
eistud-16191	154	1	the	the	DET
eistud-16191	154	2	main	main	ADJ
eistud-16191	154	3	data	datum	NOUN
eistud-16191	154	4	analysis	analysis	NOUN
eistud-16191	154	5	applies	apply	VERB
eistud-16191	154	6	pearson	pearson	PROPN
eistud-16191	154	7	’s	’s	PART
eistud-16191	154	8	r	r	NOUN
eistud-16191	154	9	as	as	ADP
eistud-16191	154	10	a	a	DET
eistud-16191	154	11	correlation	correlation	NOUN
eistud-16191	154	12	coefficient	coefficient	NOUN
eistud-16191	154	13	to	to	PART
eistud-16191	154	14	analyze	analyze	VERB
eistud-16191	154	15	bivariate	bivariate	ADJ
eistud-16191	154	16	correlations	correlation	NOUN
eistud-16191	154	17	or	or	CCONJ
eistud-16191	154	18	cumulative	cumulative	ADJ
eistud-16191	154	19	influences	influence	NOUN
eistud-16191	154	20	of	of	ADP
eistud-16191	154	21	corporate	corporate	ADJ
eistud-16191	154	22	governance	governance	NOUN
eistud-16191	154	23	characteristics	characteristic	NOUN
eistud-16191	154	24	on	on	ADP
eistud-16191	154	25	firm	firm	ADJ
eistud-16191	154	26	performance	performance	NOUN
eistud-16191	154	27	through	through	ADP
eistud-16191	154	28	the	the	DET
eistud-16191	154	29	application	application	NOUN
eistud-16191	154	30	of	of	ADP
eistud-16191	154	31	the	the	DET
eistud-16191	154	32	multivariate	multivariate	NOUN
eistud-16191	154	33	regression	regression	NOUN
eistud-16191	154	34	analysis	analysis	NOUN
eistud-16191	154	35	.	.	PUNCT
eistud-16191	155	1	2	2	NUM
eistud-16191	155	2	testing	testing	NOUN
eistud-16191	155	3	differences	difference	NOUN
eistud-16191	155	4	between	between	ADP
eistud-16191	155	5	tsr	tsr	PROPN
eistud-16191	155	6	performance	performance	NOUN
eistud-16191	155	7	groups	group	NOUN
eistud-16191	155	8	:	:	PUNCT
eistud-16191	155	9	additionally	additionally	ADV
eistud-16191	155	10	,	,	PUNCT
eistud-16191	155	11	not	not	PART
eistud-16191	155	12	only	only	ADV
eistud-16191	155	13	bivariate	bivariate	ADJ
eistud-16191	155	14	cor­	cor­	NOUN
eistud-16191	155	15	relations	relation	NOUN
eistud-16191	155	16	among	among	ADP
eistud-16191	155	17	the	the	DET
eistud-16191	155	18	total	total	ADJ
eistud-16191	155	19	sample	sample	NOUN
eistud-16191	155	20	are	be	AUX
eistud-16191	155	21	analyzed	analyze	VERB
eistud-16191	155	22	but	but	CCONJ
eistud-16191	155	23	also	also	ADV
eistud-16191	155	24	among	among	ADP
eistud-16191	155	25	different	different	ADJ
eistud-16191	155	26	groups	group	NOUN
eistud-16191	155	27	.	.	PUNCT
eistud-16191	156	1	the	the	DET
eistud-16191	156	2	sample	sample	NOUN
eistud-16191	156	3	is	be	AUX
eistud-16191	156	4	clustered	cluster	VERB
eistud-16191	156	5	into	into	ADP
eistud-16191	156	6	two	two	NUM
eistud-16191	156	7	different	different	ADJ
eistud-16191	156	8	groups	group	NOUN
eistud-16191	156	9	.	.	PUNCT
eistud-16191	157	1	one	one	NUM
eistud-16191	157	2	group	group	NOUN
eistud-16191	157	3	,	,	PUNCT
eistud-16191	157	4	which	which	PRON
eistud-16191	157	5	is	be	AUX
eistud-16191	157	6	named	name	VERB
eistud-16191	157	7	tsr	tsr	PROPN
eistud-16191	157	8	top–30	top–30	PROPN
eistud-16191	157	9	group	group	NOUN
eistud-16191	157	10	(	(	PUNCT
eistud-16191	157	11	tsr	tsr	PROPN
eistud-16191	157	12	out­	out­	NOUN
eistud-16191	157	13	performers	performer	NOUN
eistud-16191	157	14	)	)	PUNCT
eistud-16191	157	15	,	,	PUNCT
eistud-16191	157	16	includes	include	VERB
eistud-16191	157	17	the	the	DET
eistud-16191	157	18	top–30	top–30	NOUN
eistud-16191	157	19	companies	company	NOUN
eistud-16191	157	20	with	with	ADP
eistud-16191	157	21	the	the	DET
eistud-16191	157	22	highest	high	ADJ
eistud-16191	157	23	total	total	ADJ
eistud-16191	157	24	shareholder	shareholder	NOUN
eistud-16191	157	25	returns	return	NOUN
eistud-16191	157	26	among	among	ADP
eistud-16191	157	27	the	the	DET
eistud-16191	157	28	total	total	ADJ
eistud-16191	157	29	sample	sample	NOUN
eistud-16191	157	30	,	,	PUNCT
eistud-16191	157	31	while	while	SCONJ
eistud-16191	157	32	the	the	DET
eistud-16191	157	33	second	second	ADJ
eistud-16191	157	34	group	group	NOUN
eistud-16191	157	35	,	,	PUNCT
eistud-16191	157	36	which	which	PRON
eistud-16191	157	37	is	be	AUX
eistud-16191	157	38	named	name	VERB
eistud-16191	157	39	tsr	tsr	PROPN
eistud-16191	157	40	bottom–30	bottom–30	PROPN
eistud-16191	157	41	group	group	NOUN
eistud-16191	157	42	(	(	PUNCT
eistud-16191	157	43	tsr	tsr	PROPN
eistud-16191	157	44	under­	under­	PROPN
eistud-16191	157	45	performers	performer	NOUN
eistud-16191	157	46	)	)	PUNCT
eistud-16191	157	47	,	,	PUNCT
eistud-16191	157	48	includes	include	VERB
eistud-16191	157	49	the	the	DET
eistud-16191	157	50	30	30	NUM
eistud-16191	157	51	companies	company	NOUN
eistud-16191	157	52	with	with	ADP
eistud-16191	157	53	the	the	DET
eistud-16191	157	54	lowest	low	ADJ
eistud-16191	157	55	total	total	ADJ
eistud-16191	157	56	shareholder	shareholder	NOUN
eistud-16191	157	57	returns	return	NOUN
eistud-16191	157	58	in	in	ADP
eistud-16191	157	59	a	a	DET
eistud-16191	157	60	5	5	NUM
eistud-16191	157	61	–	–	PUNCT
eistud-16191	157	62	year	year	NOUN
eistud-16191	157	63	period	period	NOUN
eistud-16191	157	64	among	among	ADP
eistud-16191	157	65	the	the	DET
eistud-16191	157	66	total	total	ADJ
eistud-16191	157	67	sample	sample	NOUN
eistud-16191	157	68	.	.	PUNCT
eistud-16191	158	1	both	both	DET
eistud-16191	158	2	groups	group	NOUN
eistud-16191	158	3	are	be	AUX
eistud-16191	158	4	compared	compare	VERB
eistud-16191	158	5	by	by	ADP
eistud-16191	158	6	applying	apply	VERB
eistud-16191	158	7	a	a	DET
eistud-16191	158	8	t	t	NOUN
eistud-16191	158	9	–	–	PUNCT
eistud-16191	158	10	test	test	NOUN
eistud-16191	158	11	,	,	PUNCT
eistud-16191	158	12	to	to	PART
eistud-16191	158	13	determine	determine	VERB
eistud-16191	158	14	the	the	DET
eistud-16191	158	15	significance	significance	NOUN
eistud-16191	158	16	of	of	ADP
eistud-16191	158	17	group	group	NOUN
eistud-16191	158	18	differences	difference	NOUN
eistud-16191	158	19	,	,	PUNCT
eistud-16191	158	20	while	while	SCONJ
eistud-16191	158	21	among	among	ADP
eistud-16191	158	22	both	both	DET
eistud-16191	158	23	groups	group	NOUN
eistud-16191	158	24	,	,	PUNCT
eistud-16191	158	25	the	the	DET
eistud-16191	158	26	same	same	ADJ
eistud-16191	158	27	tests	test	NOUN
eistud-16191	158	28	are	be	AUX
eistud-16191	158	29	performed	perform	VERB
eistud-16191	158	30	as	as	ADP
eistud-16191	158	31	with	with	ADP
eistud-16191	158	32	the	the	DET
eistud-16191	158	33	total	total	ADJ
eistud-16191	158	34	sample	sample	NOUN
eistud-16191	158	35	regarding	regard	VERB
eistud-16191	158	36	bivariate	bivariate	ADJ
eistud-16191	158	37	correlations	correlation	NOUN
eistud-16191	158	38	.	.	PUNCT
eistud-16191	159	1	3	3	NUM
eistud-16191	159	2	testing	testing	NOUN
eistud-16191	159	3	multivariate	multivariate	NOUN
eistud-16191	159	4	effects	effect	NOUN
eistud-16191	159	5	among	among	ADP
eistud-16191	159	6	the	the	DET
eistud-16191	159	7	total	total	ADJ
eistud-16191	159	8	sample	sample	NOUN
eistud-16191	159	9	:	:	PUNCT
eistud-16191	159	10	all	all	DET
eistud-16191	159	11	independent	independent	ADJ
eistud-16191	159	12	corporate	corporate	ADJ
eistud-16191	159	13	governance	governance	NOUN
eistud-16191	159	14	variables	variable	NOUN
eistud-16191	159	15	are	be	AUX
eistud-16191	159	16	included	include	VERB
eistud-16191	159	17	in	in	ADP
eistud-16191	159	18	the	the	DET
eistud-16191	159	19	final	final	ADJ
eistud-16191	159	20	testing	testing	NOUN
eistud-16191	159	21	to	to	PART
eistud-16191	159	22	examine	examine	VERB
eistud-16191	159	23	their	their	PRON
eistud-16191	159	24	cumulative	cumulative	ADJ
eistud-16191	159	25	impact	impact	NOUN
eistud-16191	159	26	.	.	PUNCT
eistud-16191	160	1	the	the	DET
eistud-16191	160	2	multivari­	multivari­	PROPN
eistud-16191	160	3	ate	eat	VERB
eistud-16191	160	4	test	test	NOUN
eistud-16191	160	5	is	be	AUX
eistud-16191	160	6	conducted	conduct	VERB
eistud-16191	160	7	to	to	PART
eistud-16191	160	8	test	test	VERB
eistud-16191	160	9	the	the	DET
eistud-16191	160	10	influence	influence	NOUN
eistud-16191	160	11	of	of	ADP
eistud-16191	160	12	the	the	DET
eistud-16191	160	13	accumulated	accumulate	VERB
eistud-16191	160	14	effects	effect	NOUN
eistud-16191	160	15	of	of	ADP
eistud-16191	160	16	all	all	DET
eistud-16191	160	17	corporate	corporate	ADJ
eistud-16191	160	18	governance	governance	NOUN
eistud-16191	160	19	variables	variable	NOUN
eistud-16191	160	20	on	on	ADP
eistud-16191	160	21	the	the	DET
eistud-16191	160	22	total	total	ADJ
eistud-16191	160	23	shareholder	shareholder	NOUN
eistud-16191	160	24	return	return	NOUN
eistud-16191	160	25	(	(	PUNCT
eistud-16191	160	26	tsr	tsr	PROPN
eistud-16191	160	27	)	)	PUNCT
eistud-16191	160	28	.	.	PUNCT
eistud-16191	161	1	results	result	NOUN
eistud-16191	161	2	while	while	SCONJ
eistud-16191	161	3	the	the	DET
eistud-16191	161	4	group	group	NOUN
eistud-16191	161	5	statistics	statistic	NOUN
eistud-16191	161	6	of	of	ADP
eistud-16191	161	7	the	the	DET
eistud-16191	161	8	tsr–30:30	tsr–30:30	NOUN
eistud-16191	161	9	–	–	PUNCT
eistud-16191	161	10	sample	sample	NOUN
eistud-16191	161	11	indicates	indicate	VERB
eistud-16191	161	12	that	that	SCONJ
eistud-16191	161	13	the	the	DET
eistud-16191	161	14	tsr	tsr	PROPN
eistud-16191	161	15	top–30	top–30	NOUN
eistud-16191	161	16	companies	company	NOUN
eistud-16191	161	17	have	have	VERB
eistud-16191	161	18	smaller	small	ADJ
eistud-16191	161	19	supervisory	supervisory	ADJ
eistud-16191	161	20	boards	board	NOUN
eistud-16191	161	21	,	,	PUNCT
eistud-16191	161	22	fewer	few	ADJ
eistud-16191	161	23	committees	committee	NOUN
eistud-16191	161	24	and	and	CCONJ
eistud-16191	161	25	smaller	small	ADJ
eistud-16191	161	26	executive	executive	ADJ
eistud-16191	161	27	boards	board	NOUN
eistud-16191	161	28	,	,	PUNCT
eistud-16191	161	29	pay	pay	VERB
eistud-16191	161	30	smaller	small	ADJ
eistud-16191	161	31	supervisory	supervisory	ADJ
eistud-16191	161	32	board	board	NOUN
eistud-16191	161	33	compensations	compensation	NOUN
eistud-16191	161	34	and	and	CCONJ
eistud-16191	161	35	executive	executive	NOUN
eistud-16191	161	36	board	board	NOUN
eistud-16191	161	37	compensations	compensation	NOUN
eistud-16191	161	38	,	,	PUNCT
eistud-16191	161	39	but	but	CCONJ
eistud-16191	161	40	comply	comply	ADV
eistud-16191	161	41	lesser	less	ADJ
eistud-16191	161	42	with	with	ADP
eistud-16191	161	43	the	the	DET
eistud-16191	161	44	dcgk	dcgk	PROPN
eistud-16191	161	45	(	(	PUNCT
eistud-16191	161	46	“	"	PUNCT
eistud-16191	161	47	number	number	NOUN
eistud-16191	161	48	of	of	ADP
eistud-16191	161	49	except	except	SCONJ
eistud-16191	161	50	.	.	PUNCT
eistud-16191	162	1	§	§	PROPN
eistud-16191	162	2	161	161	NUM
eistud-16191	162	3	”	"	PUNCT
eistud-16191	162	4	)	)	PUNCT
eistud-16191	162	5	than	than	ADP
eistud-16191	162	6	the	the	DET
eistud-16191	162	7	tsr	tsr	PROPN
eistud-16191	162	8	bottom–30	bottom–30	PROPN
eistud-16191	162	9	companies	company	NOUN
eistud-16191	162	10	,	,	PUNCT
eistud-16191	162	11	the	the	DET
eistud-16191	162	12	tsr	tsr	PROPN
eistud-16191	162	13	top–30	top–30	PROPN
eistud-16191	162	14	group	group	NOUN
eistud-16191	162	15	shows	show	VERB
eistud-16191	162	16	a	a	DET
eistud-16191	162	17	5	5	NUM
eistud-16191	162	18	–	–	PUNCT
eistud-16191	162	19	year	year	NOUN
eistud-16191	162	20	tsr	tsr	PROPN
eistud-16191	162	21	growth	growth	NOUN
eistud-16191	162	22	of	of	ADP
eistud-16191	162	23	38	38	NUM
eistud-16191	162	24	%	%	NOUN
eistud-16191	162	25	against	against	ADP
eistud-16191	162	26	–	–	PUNCT
eistud-16191	162	27	8	8	NUM
eistud-16191	162	28	%	%	NOUN
eistud-16191	162	29	among	among	ADP
eistud-16191	162	30	the	the	DET
eistud-16191	162	31	tsr	tsr	PROPN
eistud-16191	162	32	bottom–30	bottom–30	PROPN
eistud-16191	162	33	group	group	NOUN
eistud-16191	162	34	.	.	PUNCT
eistud-16191	163	1	furthermore	furthermore	ADV
eistud-16191	163	2	,	,	PUNCT
eistud-16191	163	3	the	the	DET
eistud-16191	163	4	tsr	tsr	PROPN
eistud-16191	163	5	top–30	top–30	PROPN
eistud-16191	163	6	group	group	NOUN
eistud-16191	163	7	shows	show	VERB
eistud-16191	163	8	a	a	DET
eistud-16191	163	9	double	double	ADJ
eistud-16191	163	10	5	5	NUM
eistud-16191	163	11	–	–	PUNCT
eistud-16191	163	12	year	year	NOUN
eistud-16191	163	13	revenue	revenue	NOUN
eistud-16191	163	14	growth	growth	NOUN
eistud-16191	163	15	compared	compare	VERB
eistud-16191	163	16	with	with	ADP
eistud-16191	163	17	the	the	DET
eistud-16191	163	18	tsr	tsr	PROPN
eistud-16191	163	19	bottom–30	bottom–30	PROPN
eistud-16191	163	20	group	group	NOUN
eistud-16191	163	21	.	.	PUNCT
eistud-16191	164	1	reviewing	review	VERB
eistud-16191	164	2	the	the	DET
eistud-16191	164	3	changes	change	NOUN
eistud-16191	164	4	in	in	ADP
eistud-16191	164	5	the	the	DET
eistud-16191	164	6	exceptions	exception	NOUN
eistud-16191	164	7	to	to	ADP
eistud-16191	164	8	the	the	DET
eistud-16191	164	9	above	above	ADJ
eistud-16191	164	10	mentioned	mention	VERB
eistud-16191	164	11	rules	rule	NOUN
eistud-16191	164	12	,	,	PUNCT
eistud-16191	164	13	it	it	PRON
eistud-16191	164	14	is	be	AUX
eistud-16191	164	15	obvious	obvious	ADJ
eistud-16191	164	16	that	that	SCONJ
eistud-16191	164	17	the	the	DET
eistud-16191	164	18	total	total	ADJ
eistud-16191	164	19	number	number	NOUN
eistud-16191	164	20	of	of	ADP
eistud-16191	164	21	exceptions	exception	NOUN
eistud-16191	164	22	have	have	AUX
eistud-16191	164	23	not	not	PART
eistud-16191	164	24	changed	change	VERB
eistud-16191	164	25	significantly	significantly	ADV
eistud-16191	164	26	.	.	PUNCT
eistud-16191	165	1	the	the	DET
eistud-16191	165	2	most	most	ADV
eistud-16191	165	3	significant	significant	ADJ
eistud-16191	165	4	changes	change	NOUN
eistud-16191	165	5	are	be	AUX
eistud-16191	165	6	measured	measure	VERB
eistud-16191	165	7	in	in	ADP
eistud-16191	165	8	three	three	NUM
eistud-16191	165	9	different	different	ADJ
eistud-16191	165	10	areas	area	NOUN
eistud-16191	165	11	:	:	PUNCT
eistud-16191	165	12	the	the	DET
eistud-16191	165	13	number	number	NOUN
eistud-16191	165	14	of	of	ADP
eistud-16191	165	15	exceptions	exception	NOUN
eistud-16191	165	16	concerning	concern	VERB
eistud-16191	165	17	the	the	DET
eistud-16191	165	18	d&o	d&o	NOUN
eistud-16191	165	19	own	own	ADJ
eistud-16191	165	20	–	–	PUNCT
eistud-16191	165	21	risk	risk	NOUN
eistud-16191	165	22	de­	de­	VERB
eistud-16191	165	23	ductible	ductible	ADJ
eistud-16191	165	24	(	(	PUNCT
eistud-16191	165	25	“	"	PUNCT
eistud-16191	165	26	#	#	NOUN
eistud-16191	165	27	excep	excep	NOUN
eistud-16191	165	28	.	.	PUNCT
eistud-16191	166	1	dcgk	dcgk	PROPN
eistud-16191	166	2	§	§	PROPN
eistud-16191	166	3	3	3	NUM
eistud-16191	166	4	”	"	PUNCT
eistud-16191	166	5	)	)	PUNCT
eistud-16191	166	6	decreased	decrease	VERB
eistud-16191	166	7	by	by	ADP
eistud-16191	166	8	28	28	NUM
eistud-16191	166	9	%	%	NOUN
eistud-16191	166	10	,	,	PUNCT
eistud-16191	166	11	while	while	SCONJ
eistud-16191	166	12	the	the	DET
eistud-16191	166	13	number	number	NOUN
eistud-16191	166	14	of	of	ADP
eistud-16191	166	15	exceptions	exception	NOUN
eistud-16191	166	16	concerning	concern	VERB
eistud-16191	166	17	the	the	DET
eistud-16191	166	18	link	link	NOUN
eistud-16191	166	19	between	between	ADP
eistud-16191	166	20	corporate	corporate	ADJ
eistud-16191	166	21	performance	performance	NOUN
eistud-16191	166	22	and	and	CCONJ
eistud-16191	166	23	supervisory	supervisory	ADJ
eistud-16191	166	24	compensation	compensation	NOUN
eistud-16191	166	25	(	(	PUNCT
eistud-16191	166	26	“	"	PUNCT
eistud-16191	166	27	#	#	NOUN
eistud-16191	166	28	excep	excep	NOUN
eistud-16191	166	29	.	.	PUNCT
eistud-16191	167	1	dcgk	dcgk	VERB
eistud-16191	167	2	§	§	PROPN
eistud-16191	167	3	5.4.6	5.4.6	PROPN
eistud-16191	167	4	sec	sec	PROPN
eistud-16191	167	5	.	.	PROPN
eistud-16191	167	6	2	2	NUM
eistud-16191	167	7	”	"	PUNCT
eistud-16191	167	8	)	)	PUNCT
eistud-16191	167	9	decreased	decrease	VERB
eistud-16191	167	10	by	by	ADP
eistud-16191	167	11	24	24	NUM
eistud-16191	167	12	%	%	NOUN
eistud-16191	167	13	.	.	PUNCT
eistud-16191	168	1	instead	instead	ADV
eistud-16191	168	2	,	,	PUNCT
eistud-16191	168	3	the	the	DET
eistud-16191	168	4	number	number	NOUN
eistud-16191	168	5	of	of	ADP
eistud-16191	168	6	exceptions	exception	NOUN
eistud-16191	168	7	concerning	concern	VERB
eistud-16191	168	8	the	the	DET
eistud-16191	168	9	independence	independence	NOUN
eistud-16191	168	10	of	of	ADP
eistud-16191	168	11	super­	super­	PROPN
eistud-16191	168	12	visory	visory	ADJ
eistud-16191	168	13	members	member	NOUN
eistud-16191	168	14	(	(	PUNCT
eistud-16191	168	15	“	"	PUNCT
eistud-16191	168	16	#	#	NOUN
eistud-16191	168	17	excep	excep	NOUN
eistud-16191	168	18	.	.	PUNCT
eistud-16191	169	1	dcgk	dcgk	VERB
eistud-16191	169	2	§	§	PROPN
eistud-16191	169	3	5.4.2	5.4.2	PROPN
eistud-16191	169	4	”	"	PUNCT
eistud-16191	169	5	)	)	PUNCT
eistud-16191	169	6	increased	increase	VERB
eistud-16191	169	7	by	by	ADP
eistud-16191	169	8	125	125	NUM
eistud-16191	169	9	%	%	NOUN
eistud-16191	169	10	,	,	PUNCT
eistud-16191	169	11	however	however	ADV
eistud-16191	169	12	,	,	PUNCT
eistud-16191	169	13	starting	start	VERB
eistud-16191	169	14	from	from	ADP
eistud-16191	169	15	a	a	DET
eistud-16191	169	16	low	low	ADJ
eistud-16191	169	17	base	base	NOUN
eistud-16191	169	18	level	level	NOUN
eistud-16191	169	19	.	.	PUNCT
eistud-16191	170	1	thus	thus	ADV
eistud-16191	170	2	,	,	PUNCT
eistud-16191	170	3	it	it	PRON
eistud-16191	170	4	can	can	AUX
eistud-16191	170	5	be	be	AUX
eistud-16191	170	6	determined	determine	VERB
eistud-16191	170	7	that	that	SCONJ
eistud-16191	170	8	the	the	DET
eistud-16191	170	9	sample	sample	NOUN
eistud-16191	170	10	’s	’s	PART
eistud-16191	170	11	companies	company	NOUN
eistud-16191	170	12	increased	increase	VERB
eistud-16191	170	13	the	the	DET
eistud-16191	170	14	subsequent	subsequent	ADJ
eistud-16191	170	15	risk	risk	NOUN
eistud-16191	170	16	for	for	ADP
eistud-16191	170	17	supervisory	supervisory	ADJ
eistud-16191	170	18	activities	activity	NOUN
eistud-16191	170	19	and	and	CCONJ
eistud-16191	170	20	tied	tie	VERB
eistud-16191	170	21	the	the	DET
eistud-16191	170	22	supervisory	supervisory	ADJ
eistud-16191	170	23	compensation	compensation	NOUN
eistud-16191	170	24	more	more	ADV
eistud-16191	170	25	closely	closely	ADV
eistud-16191	170	26	to	to	PART
eistud-16191	170	27	firm	firm	ADJ
eistud-16191	170	28	performance	performance	NOUN
eistud-16191	170	29	.	.	PUNCT
eistud-16191	171	1	instead	instead	ADV
eistud-16191	171	2	,	,	PUNCT
eistud-16191	171	3	the	the	DET
eistud-16191	171	4	board	board	NOUN
eistud-16191	171	5	structure	structure	NOUN
eistud-16191	171	6	characteristics	characteristic	NOUN
eistud-16191	171	7	regarding	regard	VERB
eistud-16191	171	8	the	the	DET
eistud-16191	171	9	committees	committee	NOUN
eistud-16191	171	10	and	and	CCONJ
eistud-16191	171	11	the	the	DET
eistud-16191	171	12	overall	overall	ADJ
eistud-16191	171	13	structure	structure	NOUN
eistud-16191	171	14	of	of	ADP
eistud-16191	171	15	cooperation	cooperation	NOUN
eistud-16191	171	16	between	between	ADP
eistud-16191	171	17	executive	executive	NOUN
eistud-16191	171	18	board	board	NOUN
eistud-16191	171	19	and	and	CCONJ
eistud-16191	171	20	supervisory	supervisory	ADJ
eistud-16191	171	21	board	board	NOUN
eistud-16191	171	22	,	,	PUNCT
eistud-16191	171	23	the	the	DET
eistud-16191	171	24	independence	independence	NOUN
eistud-16191	171	25	of	of	ADP
eistud-16191	171	26	members	member	NOUN
eistud-16191	171	27	,	,	PUNCT
eistud-16191	171	28	etc	etc	X
eistud-16191	171	29	.	.	X
eistud-16191	171	30	remained	remain	VERB
eistud-16191	171	31	more	more	ADV
eistud-16191	171	32	or	or	CCONJ
eistud-16191	171	33	less	less	ADJ
eistud-16191	171	34	on	on	ADP
eistud-16191	171	35	the	the	DET
eistud-16191	171	36	same	same	ADJ
eistud-16191	171	37	level	level	NOUN
eistud-16191	171	38	.	.	PUNCT
eistud-16191	172	1	therefore	therefore	ADV
eistud-16191	172	2	,	,	PUNCT
eistud-16191	172	3	it	it	PRON
eistud-16191	172	4	can	can	AUX
eistud-16191	172	5	be	be	AUX
eistud-16191	172	6	stated	state	VERB
eistud-16191	172	7	that	that	SCONJ
eistud-16191	172	8	the	the	DET
eistud-16191	172	9	regulatory	regulatory	ADJ
eistud-16191	172	10	intentions	intention	NOUN
eistud-16191	172	11	‘	'	PUNCT
eistud-16191	172	12	good	good	ADJ
eistud-16191	172	13	’	'	PUNCT
eistud-16191	172	14	corporate	corporate	ADJ
eistud-16191	172	15	governance	governance	NOUN
eistud-16191	172	16	are	be	AUX
eistud-16191	172	17	increasingly	increasingly	ADV
eistud-16191	172	18	met	meet	VERB
eistud-16191	172	19	by	by	ADP
eistud-16191	172	20	the	the	DET
eistud-16191	172	21	sample	sample	NOUN
eistud-16191	172	22	’s	’s	PART
eistud-16191	172	23	companies	company	NOUN
eistud-16191	172	24	.	.	PUNCT
eistud-16191	173	1	these	these	DET
eistud-16191	173	2	observations	observation	NOUN
eistud-16191	173	3	have	have	AUX
eistud-16191	173	4	been	be	AUX
eistud-16191	173	5	also	also	ADV
eistud-16191	173	6	confirmed	confirm	VERB
eistud-16191	173	7	by	by	ADP
eistud-16191	173	8	the	the	DET
eistud-16191	173	9	multivariate	multivariate	NOUN
eistud-16191	173	10	regression	regression	NOUN
eistud-16191	173	11	analysis	analysis	NOUN
eistud-16191	173	12	performed	perform	VERB
eistud-16191	173	13	on	on	ADP
eistud-16191	173	14	the	the	DET
eistud-16191	173	15	total	total	ADJ
eistud-16191	173	16	sample	sample	NOUN
eistud-16191	173	17	.	.	PUNCT
eistud-16191	174	1	the	the	DET
eistud-16191	174	2	multivariate	multivariate	NOUN
eistud-16191	174	3	test	test	NOUN
eistud-16191	174	4	is	be	AUX
eistud-16191	174	5	executed	execute	VERB
eistud-16191	174	6	with	with	ADP
eistud-16191	174	7	the	the	DET
eistud-16191	174	8	control	control	NOUN
eistud-16191	174	9	variables	variable	VERB
eistud-16191	174	10	revenue	revenue	NOUN
eistud-16191	174	11	growth	growth	NOUN
eistud-16191	174	12	,	,	PUNCT
eistud-16191	174	13	roic	roic	ADJ
eistud-16191	174	14	,	,	PUNCT
eistud-16191	174	15	and	and	CCONJ
eistud-16191	174	16	firm	firm	ADJ
eistud-16191	174	17	size	size	NOUN
eistud-16191	174	18	(	(	PUNCT
eistud-16191	174	19	revenue	revenue	NOUN
eistud-16191	174	20	2014	2014	NUM
eistud-16191	174	21	in	in	ADP
eistud-16191	174	22	eur	eur	PROPN
eistud-16191	174	23	mil	mil	PROPN
eistud-16191	174	24	.	.	PUNCT
eistud-16191	174	25	)	)	PUNCT
eistud-16191	174	26	,	,	PUNCT
eistud-16191	174	27	because	because	SCONJ
eistud-16191	174	28	the	the	DET
eistud-16191	174	29	bivariate	bivariate	ADJ
eistud-16191	174	30	tests	test	NOUN
eistud-16191	174	31	have	have	AUX
eistud-16191	174	32	indicated	indicate	VERB
eistud-16191	174	33	that	that	SCONJ
eistud-16191	174	34	,	,	PUNCT
eistud-16191	174	35	for	for	ADP
eistud-16191	174	36	example	example	NOUN
eistud-16191	174	37	,	,	PUNCT
eistud-16191	174	38	the	the	DET
eistud-16191	174	39	number	number	NOUN
eistud-16191	174	40	of	of	ADP
eistud-16191	174	41	committees	committee	NOUN
eistud-16191	174	42	,	,	PUNCT
eistud-16191	174	43	the	the	DET
eistud-16191	174	44	number	number	NOUN
eistud-16191	174	45	of	of	ADP
eistud-16191	174	46	exclusions	exclusion	NOUN
eistud-16191	174	47	,	,	PUNCT
eistud-16191	174	48	etc	etc	X
eistud-16191	174	49	.	.	X
eistud-16191	174	50	also	also	ADV
eistud-16191	174	51	depend	depend	VERB
eistud-16191	174	52	,	,	PUNCT
eistud-16191	174	53	at	at	ADP
eistud-16191	174	54	least	least	ADJ
eistud-16191	174	55	partly	partly	ADV
eistud-16191	174	56	,	,	PUNCT
eistud-16191	174	57	on	on	ADP
eistud-16191	174	58	firm	firm	ADJ
eistud-16191	174	59	size	size	NOUN
eistud-16191	174	60	(	(	PUNCT
eistud-16191	174	61	in	in	ADP
eistud-16191	174	62	revenue	revenue	NOUN
eistud-16191	174	63	2014	2014	NUM
eistud-16191	174	64	in	in	ADP
eistud-16191	174	65	eur	eur	PROPN
eistud-16191	174	66	mil	mil	PROPN
eistud-16191	174	67	.	.	PUNCT
eistud-16191	174	68	)	)	PUNCT
eistud-16191	174	69	.	.	PUNCT
eistud-16191	175	1	the	the	DET
eistud-16191	175	2	model	model	NOUN
eistud-16191	175	3	summary	summary	NOUN
eistud-16191	175	4	shows	show	VERB
eistud-16191	175	5	that	that	SCONJ
eistud-16191	175	6	the	the	DET
eistud-16191	175	7	exception	exception	NOUN
eistud-16191	175	8	from	from	ADP
eistud-16191	175	9	dcgk	dcgk	PROPN
eistud-16191	175	10	§	§	PROPN
eistud-16191	175	11	3	3	NUM
eistud-16191	175	12	is	be	AUX
eistud-16191	175	13	the	the	DET
eistud-16191	175	14	only	only	ADJ
eistud-16191	175	15	variable	variable	NOUN
eistud-16191	175	16	explaining	explain	VERB
eistud-16191	175	17	tsr	tsr	PROPN
eistud-16191	175	18	growth	growth	NOUN
eistud-16191	175	19	.	.	PUNCT
eistud-16191	176	1	as	as	SCONJ
eistud-16191	176	2	mentioned	mention	VERB
eistud-16191	176	3	above	above	ADV
eistud-16191	176	4	,	,	PUNCT
eistud-16191	176	5	this	this	DET
eistud-16191	176	6	exception	exception	NOUN
eistud-16191	176	7	results	result	VERB
eistud-16191	176	8	in	in	ADP
eistud-16191	176	9	at	at	ADV
eistud-16191	176	10	least	least	ADV
eistud-16191	176	11	99	99	NUM
eistud-16191	176	12	%	%	NOUN
eistud-16191	176	13	from	from	ADP
eistud-16191	176	14	exceptions	exception	NOUN
eistud-16191	176	15	to	to	ADP
eistud-16191	176	16	§	§	PROPN
eistud-16191	176	17	3.8	3.8	NUM
eistud-16191	176	18	.	.	PUNCT
eistud-16191	177	1	this	this	DET
eistud-16191	177	2	section	section	NOUN
eistud-16191	177	3	rules	rule	VERB
eistud-16191	177	4	that	that	SCONJ
eistud-16191	177	5	an	an	DET
eistud-16191	177	6	own	own	ADJ
eistud-16191	177	7	–	–	PUNCT
eistud-16191	177	8	risk	risk	NOUN
eistud-16191	177	9	deductible	deductible	NOUN
eistud-16191	177	10	should	should	AUX
eistud-16191	177	11	be	be	AUX
eistud-16191	177	12	included	include	VERB
eistud-16191	177	13	in	in	ADP
eistud-16191	177	14	the	the	DET
eistud-16191	177	15	directors	director	NOUN
eistud-16191	177	16	and	and	CCONJ
eistud-16191	177	17	officers	officer	NOUN
eistud-16191	177	18	liability	liability	NOUN
eistud-16191	177	19	insurance	insurance	NOUN
eistud-16191	177	20	(	(	PUNCT
eistud-16191	177	21	d&o	d&o	NOUN
eistud-16191	177	22	insurance	insurance	NOUN
eistud-16191	177	23	)	)	PUNCT
eistud-16191	177	24	with	with	ADP
eistud-16191	177	25	the	the	DET
eistud-16191	177	26	objective	objective	NOUN
eistud-16191	177	27	to	to	ADP
eistud-16191	177	28	in­	in­	ADJ
eistud-16191	177	29	crease	crease	NOUN
eistud-16191	177	30	risk	risk	NOUN
eistud-16191	177	31	–	–	PUNCT
eistud-16191	177	32	taking	take	VERB
eistud-16191	177	33	costs	cost	NOUN
eistud-16191	177	34	.	.	PUNCT
eistud-16191	178	1	however	however	ADV
eistud-16191	178	2	,	,	PUNCT
eistud-16191	178	3	the	the	DET
eistud-16191	178	4	results	result	NOUN
eistud-16191	178	5	of	of	ADP
eistud-16191	178	6	the	the	DET
eistud-16191	178	7	multivariate	multivariate	NOUN
eistud-16191	178	8	test	test	NOUN
eistud-16191	178	9	do	do	AUX
eistud-16191	178	10	not	not	PART
eistud-16191	178	11	explain	explain	VERB
eistud-16191	178	12	the	the	DET
eistud-16191	178	13	direction	direction	NOUN
eistud-16191	178	14	of	of	ADP
eistud-16191	178	15	influence	influence	NOUN
eistud-16191	178	16	.	.	PUNCT
eistud-16191	179	1	therefore	therefore	ADV
eistud-16191	179	2	,	,	PUNCT
eistud-16191	179	3	the	the	DET
eistud-16191	179	4	question	question	NOUN
eistud-16191	179	5	remains	remain	VERB
eistud-16191	179	6	regarding	regard	VERB
eistud-16191	179	7	whether	whether	SCONJ
eistud-16191	179	8	the	the	DET
eistud-16191	179	9	absence	absence	NOUN
eistud-16191	179	10	or	or	CCONJ
eistud-16191	179	11	the	the	DET
eistud-16191	179	12	existence	existence	NOUN
eistud-16191	179	13	of	of	ADP
eistud-16191	179	14	european	european	ADJ
eistud-16191	179	15	integrat	integrat	NOUN
eistud-16191	179	16	ion	ion	NOUN
eistud-16191	179	17	studies	study	NOUN
eistud-16191	179	18	2016/10	2016/10	NUM
eistud-16191	179	19	142	142	NUM
eistud-16191	179	20	an	an	DET
eistud-16191	179	21	own	own	ADJ
eistud-16191	179	22	–	–	PUNCT
eistud-16191	179	23	risk	risk	NOUN
eistud-16191	179	24	deductible	deductible	ADJ
eistud-16191	179	25	influences	influence	NOUN
eistud-16191	179	26	firm	firm	ADJ
eistud-16191	179	27	performance	performance	NOUN
eistud-16191	179	28	in	in	ADP
eistud-16191	179	29	the	the	DET
eistud-16191	179	30	sense	sense	NOUN
eistud-16191	179	31	of	of	ADP
eistud-16191	179	32	a	a	DET
eistud-16191	179	33	causal	causal	ADJ
eistud-16191	179	34	relationship	relationship	NOUN
eistud-16191	179	35	.	.	PUNCT
eistud-16191	180	1	the	the	DET
eistud-16191	180	2	t	t	PROPN
eistud-16191	180	3	–	–	PUNCT
eistud-16191	180	4	test	test	NOUN
eistud-16191	180	5	descriptive	descriptive	ADJ
eistud-16191	180	6	statistics	statistic	NOUN
eistud-16191	180	7	show	show	VERB
eistud-16191	180	8	that	that	SCONJ
eistud-16191	180	9	70	70	NUM
eistud-16191	180	10	companies	company	NOUN
eistud-16191	180	11	of	of	ADP
eistud-16191	180	12	the	the	DET
eistud-16191	180	13	total	total	ADJ
eistud-16191	180	14	sample	sample	NOUN
eistud-16191	180	15	declare	declare	VERB
eistud-16191	180	16	non	non	ADJ
eistud-16191	180	17	–	–	NOUN
eistud-16191	180	18	compliance	compliance	NOUN
eistud-16191	180	19	with	with	ADP
eistud-16191	180	20	§	§	PROPN
eistud-16191	180	21	3.8	3.8	NUM
eistud-16191	180	22	while	while	SCONJ
eistud-16191	180	23	57	57	NUM
eistud-16191	180	24	companies	company	NOUN
eistud-16191	180	25	have	have	AUX
eistud-16191	180	26	concluded	conclude	VERB
eistud-16191	180	27	a	a	DET
eistud-16191	180	28	d&o	d&o	PROPN
eistud-16191	180	29	insurance	insurance	NOUN
eistud-16191	180	30	contract	contract	NOUN
eistud-16191	180	31	containing	contain	VERB
eistud-16191	180	32	an	an	DET
eistud-16191	180	33	own	own	ADJ
eistud-16191	180	34	–	–	PUNCT
eistud-16191	180	35	risk	risk	NOUN
eistud-16191	180	36	deductible	deductible	ADJ
eistud-16191	180	37	.	.	PUNCT
eistud-16191	181	1	the	the	DET
eistud-16191	181	2	comparison	comparison	NOUN
eistud-16191	181	3	of	of	ADP
eistud-16191	181	4	the	the	DET
eistud-16191	181	5	group	group	NOUN
eistud-16191	181	6	with	with	ADP
eistud-16191	181	7	d&o	d&o	NOUN
eistud-16191	181	8	insurance	insurance	NOUN
eistud-16191	181	9	contracts	contract	NOUN
eistud-16191	181	10	containing	contain	VERB
eistud-16191	181	11	an	an	DET
eistud-16191	181	12	own	own	ADJ
eistud-16191	181	13	–	–	PUNCT
eistud-16191	181	14	risk	risk	NOUN
eistud-16191	181	15	deductible	deductible	ADJ
eistud-16191	181	16	and	and	CCONJ
eistud-16191	181	17	the	the	DET
eistud-16191	181	18	group	group	NOUN
eistud-16191	181	19	without	without	ADP
eistud-16191	181	20	the	the	DET
eistud-16191	181	21	own	own	ADJ
eistud-16191	181	22	–	–	PUNCT
eistud-16191	181	23	risk	risk	NOUN
eistud-16191	181	24	deductible	deductible	NOUN
eistud-16191	181	25	reveals	reveal	VERB
eistud-16191	181	26	that	that	SCONJ
eistud-16191	181	27	the	the	DET
eistud-16191	181	28	group	group	NOUN
eistud-16191	181	29	without	without	ADP
eistud-16191	181	30	risk	risk	NOUN
eistud-16191	181	31	–	–	PUNCT
eistud-16191	181	32	shar­	shar­	NUM
eistud-16191	181	33	ing	ing	ADJ
eistud-16191	181	34	agreements	agreement	NOUN
eistud-16191	181	35	perform	perform	VERB
eistud-16191	181	36	better	well	ADV
eistud-16191	181	37	with	with	ADP
eistud-16191	181	38	a	a	DET
eistud-16191	181	39	tsr	tsr	PROPN
eistud-16191	181	40	growth	growth	NOUN
eistud-16191	181	41	of	of	ADP
eistud-16191	181	42	18	18	NUM
eistud-16191	181	43	%	%	NOUN
eistud-16191	181	44	while	while	SCONJ
eistud-16191	181	45	companies	company	NOUN
eistud-16191	181	46	with	with	ADP
eistud-16191	181	47	risk	risk	NOUN
eistud-16191	181	48	–	–	PUNCT
eistud-16191	181	49	sharing	sharing	NOUN
eistud-16191	181	50	show	show	NOUN
eistud-16191	181	51	considerably	considerably	ADV
eistud-16191	181	52	lower	low	ADJ
eistud-16191	181	53	tsr	tsr	PROPN
eistud-16191	181	54	growth	growth	NOUN
eistud-16191	181	55	of	of	ADP
eistud-16191	181	56	8.7	8.7	NUM
eistud-16191	181	57	%	%	NOUN
eistud-16191	181	58	(	(	PUNCT
eistud-16191	181	59	t	t	PROPN
eistud-16191	181	60	–	–	PUNCT
eistud-16191	181	61	test	test	NOUN
eistud-16191	181	62	group	group	NOUN
eistud-16191	181	63	statistics	statistic	NOUN
eistud-16191	181	64	)	)	PUNCT
eistud-16191	181	65	.	.	PUNCT
eistud-16191	182	1	the	the	DET
eistud-16191	182	2	group	group	NOUN
eistud-16191	182	3	differences	difference	NOUN
eistud-16191	182	4	are	be	AUX
eistud-16191	182	5	highly	highly	ADV
eistud-16191	182	6	significant	significant	ADJ
eistud-16191	182	7	with	with	ADP
eistud-16191	182	8	p	p	PROPN
eistud-16191	182	9	0.002	0.002	NUM
eistud-16191	182	10	(	(	PUNCT
eistud-16191	182	11	independent	independent	ADJ
eistud-16191	182	12	sample	sample	NOUN
eistud-16191	182	13	test	test	NOUN
eistud-16191	182	14	)	)	PUNCT
eistud-16191	182	15	.	.	PUNCT
eistud-16191	183	1	thus	thus	ADV
eistud-16191	183	2	,	,	PUNCT
eistud-16191	183	3	it	it	PRON
eistud-16191	183	4	may	may	AUX
eistud-16191	183	5	be	be	AUX
eistud-16191	183	6	concluded	conclude	VERB
eistud-16191	183	7	that	that	SCONJ
eistud-16191	183	8	the	the	DET
eistud-16191	183	9	own	own	ADJ
eistud-16191	183	10	–	–	PUNCT
eistud-16191	183	11	risk	risk	NOUN
eistud-16191	183	12	de­	de­	VERB
eistud-16191	183	13	ductible	ductible	ADJ
eistud-16191	183	14	leads	lead	VERB
eistud-16191	183	15	to	to	ADP
eistud-16191	183	16	risk	risk	NOUN
eistud-16191	183	17	–	–	PUNCT
eistud-16191	183	18	averse	averse	ADJ
eistud-16191	183	19	supervisory	supervisory	ADJ
eistud-16191	183	20	board	board	NOUN
eistud-16191	183	21	behavior	behavior	NOUN
eistud-16191	183	22	and	and	CCONJ
eistud-16191	183	23	thus	thus	ADV
eistud-16191	183	24	to	to	PART
eistud-16191	183	25	lower	lower	VERB
eistud-16191	183	26	tsr	tsr	PROPN
eistud-16191	183	27	growth	growth	NOUN
eistud-16191	183	28	.	.	PUNCT
eistud-16191	184	1	however	however	ADV
eistud-16191	184	2	,	,	PUNCT
eistud-16191	184	3	on	on	ADP
eistud-16191	184	4	the	the	DET
eistud-16191	184	5	other	other	ADJ
eistud-16191	184	6	hand	hand	NOUN
eistud-16191	184	7	,	,	PUNCT
eistud-16191	184	8	it	it	PRON
eistud-16191	184	9	must	must	AUX
eistud-16191	184	10	be	be	AUX
eistud-16191	184	11	noted	note	VERB
eistud-16191	184	12	that	that	SCONJ
eistud-16191	184	13	this	this	DET
eistud-16191	184	14	factor	factor	NOUN
eistud-16191	184	15	has	have	VERB
eistud-16191	184	16	only	only	ADV
eistud-16191	184	17	a	a	DET
eistud-16191	184	18	low	low	ADJ
eistud-16191	184	19	explanatory	explanatory	ADJ
eistud-16191	184	20	power	power	NOUN
eistud-16191	184	21	regarding	regard	VERB
eistud-16191	184	22	the	the	DET
eistud-16191	184	23	total	total	ADJ
eistud-16191	184	24	shareholder	shareholder	NOUN
eistud-16191	184	25	return	return	NOUN
eistud-16191	184	26	growth	growth	NOUN
eistud-16191	184	27	,	,	PUNCT
eistud-16191	184	28	as	as	SCONJ
eistud-16191	184	29	the	the	DET
eistud-16191	184	30	results	result	NOUN
eistud-16191	184	31	of	of	ADP
eistud-16191	184	32	the	the	DET
eistud-16191	184	33	multivariate	multivariate	NOUN
eistud-16191	184	34	regression	regression	NOUN
eistud-16191	184	35	analysis	analysis	NOUN
eistud-16191	184	36	has	have	AUX
eistud-16191	184	37	shown	show	VERB
eistud-16191	184	38	.	.	PUNCT
eistud-16191	185	1	conclusions	conclusion	NOUN
eistud-16191	185	2	_	_	PUNCT
eistud-16191	186	1	the	the	DET
eistud-16191	186	2	results	result	NOUN
eistud-16191	186	3	of	of	ADP
eistud-16191	186	4	all	all	DET
eistud-16191	186	5	bivariate	bivariate	ADJ
eistud-16191	186	6	analysis	analysis	NOUN
eistud-16191	186	7	of	of	ADP
eistud-16191	186	8	the	the	DET
eistud-16191	186	9	total	total	ADJ
eistud-16191	186	10	sample	sample	NOUN
eistud-16191	186	11	indicate	indicate	VERB
eistud-16191	186	12	that	that	SCONJ
eistud-16191	186	13	none	none	NOUN
eistud-16191	186	14	of	of	ADP
eistud-16191	186	15	the	the	DET
eistud-16191	186	16	single	single	ADJ
eistud-16191	186	17	factors	factor	NOUN
eistud-16191	186	18	show	show	VERB
eistud-16191	186	19	a	a	DET
eistud-16191	186	20	higher	high	ADJ
eistud-16191	186	21	(	(	PUNCT
eistud-16191	186	22	r	r	NOUN
eistud-16191	186	23	>	>	X
eistud-16191	186	24	0.5	0.5	NUM
eistud-16191	186	25	)	)	PUNCT
eistud-16191	186	26	and	and	CCONJ
eistud-16191	186	27	significant	significant	ADJ
eistud-16191	186	28	correlation	correlation	NOUN
eistud-16191	186	29	with	with	ADP
eistud-16191	186	30	firm	firm	ADJ
eistud-16191	186	31	performance	performance	NOUN
eistud-16191	186	32	indicators	indicator	NOUN
eistud-16191	186	33	.	.	PUNCT
eistud-16191	187	1	therefore	therefore	ADV
eistud-16191	187	2	,	,	PUNCT
eistud-16191	187	3	it	it	PRON
eistud-16191	187	4	can	can	AUX
eistud-16191	187	5	be	be	AUX
eistud-16191	187	6	concluded	conclude	VERB
eistud-16191	187	7	that	that	SCONJ
eistud-16191	187	8	the	the	DET
eistud-16191	187	9	selected	select	VERB
eistud-16191	187	10	parameters	parameter	NOUN
eistud-16191	187	11	of	of	ADP
eistud-16191	187	12	‘	'	PUNCT
eistud-16191	187	13	good	good	ADJ
eistud-16191	187	14	’	'	PUNCT
eistud-16191	187	15	corporate	corporate	ADJ
eistud-16191	187	16	governance	governance	NOUN
eistud-16191	187	17	are	be	AUX
eistud-16191	187	18	not	not	PART
eistud-16191	187	19	sig­	sig­	VERB
eistud-16191	187	20	nificantly	nificantly	ADV
eistud-16191	187	21	relevant	relevant	ADJ
eistud-16191	187	22	for	for	ADP
eistud-16191	187	23	revenue	revenue	NOUN
eistud-16191	187	24	growth	growth	NOUN
eistud-16191	187	25	and	and	CCONJ
eistud-16191	187	26	total	total	ADJ
eistud-16191	187	27	shareholder	shareholder	NOUN
eistud-16191	187	28	return	return	NOUN
eistud-16191	187	29	growth	growth	NOUN
eistud-16191	187	30	.	.	PUNCT
eistud-16191	188	1	however	however	ADV
eistud-16191	188	2	,	,	PUNCT
eistud-16191	188	3	this	this	PRON
eistud-16191	188	4	does	do	AUX
eistud-16191	188	5	not	not	PART
eistud-16191	188	6	mean	mean	VERB
eistud-16191	188	7	that	that	SCONJ
eistud-16191	188	8	they	they	PRON
eistud-16191	188	9	are	be	AUX
eistud-16191	188	10	irrelevant	irrelevant	ADJ
eistud-16191	188	11	.	.	PUNCT
eistud-16191	189	1	the	the	DET
eistud-16191	189	2	examination	examination	NOUN
eistud-16191	189	3	of	of	ADP
eistud-16191	189	4	the	the	DET
eistud-16191	189	5	tsr–30:30	tsr–30:30	NOUN
eistud-16191	189	6	–	–	PUNCT
eistud-16191	189	7	sample	sample	NOUN
eistud-16191	189	8	indicates	indicate	VERB
eistud-16191	189	9	that	that	SCONJ
eistud-16191	189	10	the	the	DET
eistud-16191	189	11	tsr	tsr	PROPN
eistud-16191	189	12	top–30	top–30	NOUN
eistud-16191	189	13	companies	company	NOUN
eistud-16191	189	14	–	–	PUNCT
eistud-16191	189	15	with	with	ADP
eistud-16191	189	16	the	the	DET
eistud-16191	189	17	tsr	tsr	PROPN
eistud-16191	189	18	growth	growth	NOUN
eistud-16191	189	19	of	of	ADP
eistud-16191	189	20	38	38	NUM
eistud-16191	189	21	%	%	NOUN
eistud-16191	189	22	–	–	PUNCT
eistud-16191	189	23	have	have	VERB
eistud-16191	189	24	smaller	small	ADJ
eistud-16191	189	25	supervisory	supervisory	ADJ
eistud-16191	189	26	boards	board	NOUN
eistud-16191	189	27	,	,	PUNCT
eistud-16191	189	28	few­	few­	PROPN
eistud-16191	189	29	er	er	INTJ
eistud-16191	189	30	committees	committee	NOUN
eistud-16191	189	31	and	and	CCONJ
eistud-16191	189	32	smaller	small	ADJ
eistud-16191	189	33	executive	executive	ADJ
eistud-16191	189	34	boards	board	NOUN
eistud-16191	189	35	,	,	PUNCT
eistud-16191	189	36	pay	pay	VERB
eistud-16191	189	37	smaller	small	ADJ
eistud-16191	189	38	supervisory	supervisory	ADJ
eistud-16191	189	39	board	board	NOUN
eistud-16191	189	40	compensations	compensation	NOUN
eistud-16191	189	41	and	and	CCONJ
eistud-16191	189	42	executive	executive	NOUN
eistud-16191	189	43	board	board	NOUN
eistud-16191	189	44	compensations	compensation	NOUN
eistud-16191	189	45	,	,	PUNCT
eistud-16191	189	46	but	but	CCONJ
eistud-16191	189	47	comply	comply	ADV
eistud-16191	189	48	lesser	less	ADJ
eistud-16191	189	49	with	with	ADP
eistud-16191	189	50	the	the	DET
eistud-16191	189	51	dcgk	dcgk	PROPN
eistud-16191	189	52	(	(	PUNCT
eistud-16191	189	53	“	"	PUNCT
eistud-16191	189	54	number	number	NOUN
eistud-16191	189	55	of	of	ADP
eistud-16191	189	56	except	except	SCONJ
eistud-16191	189	57	.	.	PUNCT
eistud-16191	190	1	§	§	PROPN
eistud-16191	190	2	161	161	NUM
eistud-16191	190	3	”	"	PUNCT
eistud-16191	190	4	)	)	PUNCT
eistud-16191	190	5	than	than	ADP
eistud-16191	190	6	the	the	DET
eistud-16191	190	7	tsr	tsr	PROPN
eistud-16191	190	8	bottom–30	bottom–30	PROPN
eistud-16191	190	9	companies	company	NOUN
eistud-16191	190	10	with	with	ADP
eistud-16191	190	11	the	the	DET
eistud-16191	190	12	tsr	tsr	PROPN
eistud-16191	190	13	growth	growth	NOUN
eistud-16191	190	14	of	of	ADP
eistud-16191	190	15	–	–	PUNCT
eistud-16191	190	16	8	8	NUM
eistud-16191	190	17	%	%	NOUN
eistud-16191	190	18	.	.	PUNCT
eistud-16191	191	1	the	the	PRON
eistud-16191	191	2	higher	high	ADJ
eistud-16191	191	3	the	the	DET
eistud-16191	191	4	number	number	NOUN
eistud-16191	191	5	of	of	ADP
eistud-16191	191	6	exceptions	exception	NOUN
eistud-16191	191	7	to	to	ADP
eistud-16191	191	8	‘	'	PUNCT
eistud-16191	191	9	good	good	ADJ
eistud-16191	191	10	’	'	PUNCT
eistud-16191	191	11	corporate	corporate	ADJ
eistud-16191	191	12	governance	governance	NOUN
eistud-16191	191	13	,	,	PUNCT
eistud-16191	191	14	the	the	PRON
eistud-16191	191	15	higher	high	ADJ
eistud-16191	191	16	the	the	DET
eistud-16191	191	17	firm	firm	ADJ
eistud-16191	191	18	performance	performance	NOUN
eistud-16191	191	19	and	and	CCONJ
eistud-16191	191	20	the	the	DET
eistud-16191	191	21	degree	degree	NOUN
eistud-16191	191	22	of	of	ADP
eistud-16191	191	23	shareholder	shareholder	NOUN
eistud-16191	191	24	interest	interest	NOUN
eistud-16191	191	25	fulfillment	fulfillment	NOUN
eistud-16191	191	26	in	in	ADP
eistud-16191	191	27	terms	term	NOUN
eistud-16191	191	28	of	of	ADP
eistud-16191	191	29	tsr	tsr	PROPN
eistud-16191	191	30	growth	growth	NOUN
eistud-16191	191	31	and	and	CCONJ
eistud-16191	191	32	revenue	revenue	NOUN
eistud-16191	191	33	growth	growth	NOUN
eistud-16191	191	34	.	.	PUNCT
eistud-16191	192	1	furthermore	furthermore	ADV
eistud-16191	192	2	,	,	PUNCT
eistud-16191	192	3	the	the	DET
eistud-16191	192	4	multivariate	multivariate	NOUN
eistud-16191	192	5	regression	regression	NOUN
eistud-16191	192	6	analysis	analysis	NOUN
eistud-16191	192	7	indicates	indicate	VERB
eistud-16191	192	8	that	that	SCONJ
eistud-16191	192	9	although	although	SCONJ
eistud-16191	192	10	the	the	DET
eistud-16191	192	11	cumulated	cumulated	ADJ
eistud-16191	192	12	influence	influence	NOUN
eistud-16191	192	13	of	of	ADP
eistud-16191	192	14	all	all	DET
eistud-16191	192	15	vari­	vari­	NOUN
eistud-16191	192	16	ables	able	NOUN
eistud-16191	192	17	is	be	AUX
eistud-16191	192	18	negligible	negligible	ADJ
eistud-16191	192	19	,	,	PUNCT
eistud-16191	192	20	the	the	DET
eistud-16191	192	21	issue	issue	NOUN
eistud-16191	192	22	of	of	ADP
eistud-16191	192	23	risk	risk	NOUN
eistud-16191	192	24	sharing	sharing	NOUN
eistud-16191	192	25	of	of	ADP
eistud-16191	192	26	the	the	DET
eistud-16191	192	27	supervisory	supervisory	ADJ
eistud-16191	192	28	board	board	NOUN
eistud-16191	192	29	measured	measure	VERB
eistud-16191	192	30	by	by	ADP
eistud-16191	192	31	the	the	DET
eistud-16191	192	32	number	number	NOUN
eistud-16191	192	33	of	of	ADP
eistud-16191	192	34	the	the	DET
eistud-16191	192	35	exceptions	exception	NOUN
eistud-16191	192	36	to	to	PART
eistud-16191	192	37	dcgk	dcgk	VERB
eistud-16191	192	38	§	§	PROPN
eistud-16191	192	39	3.8	3.8	NUM
eistud-16191	192	40	regulating	regulate	VERB
eistud-16191	192	41	the	the	DET
eistud-16191	192	42	own	own	ADJ
eistud-16191	192	43	–	–	PUNCT
eistud-16191	192	44	risk	risk	NOUN
eistud-16191	192	45	deductibles	deductible	NOUN
eistud-16191	192	46	for	for	ADP
eistud-16191	192	47	supervisory	supervisory	ADJ
eistud-16191	192	48	board	board	NOUN
eistud-16191	192	49	members	member	NOUN
eistud-16191	192	50	leads	lead	VERB
eistud-16191	192	51	to	to	ADP
eistud-16191	192	52	risk	risk	NOUN
eistud-16191	192	53	–	–	PUNCT
eistud-16191	192	54	averse	averse	ADJ
eistud-16191	192	55	supervisory	supervisory	ADJ
eistud-16191	192	56	board	board	NOUN
eistud-16191	192	57	behavior	behavior	NOUN
eistud-16191	192	58	and	and	CCONJ
eistud-16191	192	59	thus	thus	ADV
eistud-16191	192	60	to	to	PART
eistud-16191	192	61	lower	lower	VERB
eistud-16191	192	62	tsr	tsr	PROPN
eistud-16191	192	63	growth	growth	NOUN
eistud-16191	192	64	.	.	PUNCT
eistud-16191	193	1	in	in	ADP
eistud-16191	193	2	this	this	DET
eistud-16191	193	3	sense	sense	NOUN
eistud-16191	193	4	,	,	PUNCT
eistud-16191	193	5	it	it	PRON
eistud-16191	193	6	can	can	AUX
eistud-16191	193	7	be	be	AUX
eistud-16191	193	8	concluded	conclude	VERB
eistud-16191	193	9	that	that	SCONJ
eistud-16191	193	10	the	the	DET
eistud-16191	193	11	increase	increase	NOUN
eistud-16191	193	12	of	of	ADP
eistud-16191	193	13	governance	governance	NOUN
eistud-16191	193	14	regulation	regulation	NOUN
eistud-16191	193	15	should	should	AUX
eistud-16191	193	16	not	not	PART
eistud-16191	193	17	be	be	AUX
eistud-16191	193	18	continued	continue	VERB
eistud-16191	193	19	to	to	PART
eistud-16191	193	20	avoid	avoid	VERB
eistud-16191	193	21	serious	serious	ADJ
eistud-16191	193	22	disadvantages	disadvantage	NOUN
eistud-16191	193	23	,	,	PUNCT
eistud-16191	193	24	particularly	particularly	ADV
eistud-16191	193	25	in	in	ADP
eistud-16191	193	26	the	the	DET
eistud-16191	193	27	form	form	NOUN
eistud-16191	193	28	of	of	ADP
eistud-16191	193	29	decreasing	decrease	VERB
eistud-16191	193	30	risk	risk	NOUN
eistud-16191	193	31	–	–	PUNCT
eistud-16191	193	32	taking	take	VERB
eistud-16191	193	33	tolerance	tolerance	NOUN
eistud-16191	193	34	.	.	PUNCT
eistud-16191	194	1	references	reference	NOUN
eistud-16191	194	2	akbara	akbara	PROPN
eistud-16191	194	3	,	,	PUNCT
eistud-16191	194	4	s.	s.	PROPN
eistud-16191	194	5	,	,	PUNCT
eistud-16191	194	6	poletti	poletti	PROPN
eistud-16191	194	7	–	–	PUNCT
eistud-16191	194	8	hughesa	hughesa	NOUN
eistud-16191	194	9	,	,	PUNCT
eistud-16191	194	10	j.	j.	PROPN
eistud-16191	194	11	,	,	PUNCT
eistud-16191	194	12	el	el	PROPN
eistud-16191	194	13	–	–	PROPN
eistud-16191	194	14	faitourib	faitourib	PROPN
eistud-16191	194	15	,	,	PUNCT
eistud-16191	194	16	r.	r.	PROPN
eistud-16191	194	17	,	,	PUNCT
eistud-16191	194	18	&	&	CCONJ
eistud-16191	194	19	shahc	shahc	PROPN
eistud-16191	194	20	,	,	PUNCT
eistud-16191	194	21	s.	s.	PROPN
eistud-16191	194	22	z.	z.	PROPN
eistud-16191	194	23	a.	a.	PROPN
eistud-16191	194	24	(	(	PUNCT
eistud-16191	194	25	2016	2016	NUM
eistud-16191	194	26	)	)	PUNCT
eistud-16191	194	27	.	.	PUNCT
eistud-16191	195	1	more	more	ADJ
eistud-16191	195	2	on	on	ADP
eistud-16191	195	3	the	the	DET
eistud-16191	195	4	relationship	relationship	NOUN
eistud-16191	195	5	be­	be­	PUNCT
eistud-16191	195	6	tween	tween	NOUN
eistud-16191	195	7	corporate	corporate	ADJ
eistud-16191	195	8	governance	governance	NOUN
eistud-16191	195	9	and	and	CCONJ
eistud-16191	195	10	firm	firm	ADJ
eistud-16191	195	11	performance	performance	NOUN
eistud-16191	195	12	in	in	ADP
eistud-16191	195	13	the	the	DET
eistud-16191	195	14	uk	uk	NOUN
eistud-16191	195	15	:	:	PUNCT
eistud-16191	195	16	evidence	evidence	NOUN
eistud-16191	195	17	from	from	ADP
eistud-16191	195	18	the	the	DET
eistud-16191	195	19	application	application	NOUN
eistud-16191	195	20	of	of	ADP
eistud-16191	195	21	gener­	gener­	PROPN
eistud-16191	195	22	alized	alize	VERB
eistud-16191	195	23	method	method	NOUN
eistud-16191	195	24	of	of	ADP
eistud-16191	195	25	moments	moment	NOUN
eistud-16191	195	26	estimation	estimation	NOUN
eistud-16191	195	27	.	.	PUNCT
eistud-16191	196	1	research	research	NOUN
eistud-16191	196	2	in	in	ADP
eistud-16191	196	3	international	international	ADJ
eistud-16191	196	4	business	business	NOUN
eistud-16191	196	5	and	and	CCONJ
eistud-16191	196	6	finance	finance	NOUN
eistud-16191	196	7	,	,	PUNCT
eistud-16191	196	8	38	38	NUM
eistud-16191	196	9	,	,	PUNCT
eistud-16191	196	10	417–429	417–429	NUM
eistud-16191	196	11	.	.	PUNCT
eistud-16191	197	1	http://dx.doi.org/10.1016/j.ribaf.2016.03.009	http://dx.doi.org/10.1016/j.ribaf.2016.03.009	PROPN
eistud-16191	197	2	bainbridge	bainbridge	PROPN
eistud-16191	197	3	,	,	PUNCT
eistud-16191	197	4	s.	s.	PROPN
eistud-16191	197	5	m.	m.	PROPN
eistud-16191	197	6	(	(	PUNCT
eistud-16191	197	7	2016	2016	NUM
eistud-16191	197	8	)	)	PUNCT
eistud-16191	197	9	.	.	PUNCT
eistud-16191	198	1	corporate	corporate	ADJ
eistud-16191	198	2	governance	governance	NOUN
eistud-16191	198	3	after	after	ADP
eistud-16191	198	4	the	the	DET
eistud-16191	198	5	financial	financial	ADJ
eistud-16191	198	6	crisis	crisis	NOUN
eistud-16191	198	7	.	.	PUNCT
eistud-16191	199	1	oxford	oxford	NOUN
eistud-16191	199	2	:	:	PUNCT
eistud-16191	199	3	oxford	oxford	PROPN
eistud-16191	199	4	university	university	PROPN
eistud-16191	199	5	press	press	NOUN
eistud-16191	199	6	.	.	PUNCT
eistud-16191	200	1	bauer	bauer	PROPN
eistud-16191	200	2	,	,	PUNCT
eistud-16191	200	3	r.	r.	PROPN
eistud-16191	200	4	,	,	PUNCT
eistud-16191	200	5	gunster	gunst	ADJ
eistud-16191	200	6	,	,	PUNCT
eistud-16191	200	7	n.	n.	NOUN
eistud-16191	200	8	,	,	PUNCT
eistud-16191	200	9	&	&	CCONJ
eistud-16191	200	10	otten	otten	PROPN
eistud-16191	200	11	,	,	PUNCT
eistud-16191	200	12	r.	r.	PROPN
eistud-16191	200	13	(	(	PUNCT
eistud-16191	200	14	2004	2004	NUM
eistud-16191	200	15	)	)	PUNCT
eistud-16191	200	16	.	.	PUNCT
eistud-16191	201	1	empiri­	empiri­	PROPN
eistud-16191	202	1	cal	cal	ADJ
eistud-16191	202	2	evidence	evidence	NOUN
eistud-16191	202	3	on	on	ADP
eistud-16191	202	4	corporate	corporate	ADJ
eistud-16191	202	5	governance	governance	NOUN
eistud-16191	202	6	in	in	ADP
eistud-16191	202	7	europe	europe	PROPN
eistud-16191	202	8	:	:	PUNCT
eistud-16191	202	9	the	the	DET
eistud-16191	202	10	effect	effect	NOUN
eistud-16191	202	11	on	on	ADP
eistud-16191	202	12	stock	stock	NOUN
eistud-16191	202	13	returns	return	NOUN
eistud-16191	202	14	,	,	PUNCT
eistud-16191	202	15	firm	firm	ADJ
eistud-16191	202	16	value	value	NOUN
eistud-16191	202	17	,	,	PUNCT
eistud-16191	202	18	and	and	CCONJ
eistud-16191	202	19	perfor­	perfor­	NOUN
eistud-16191	202	20	mance	mance	PROPN
eistud-16191	202	21	.	.	PUNCT
eistud-16191	203	1	journal	journal	PROPN
eistud-16191	203	2	of	of	ADP
eistud-16191	203	3	asset	asset	NOUN
eistud-16191	203	4	management	management	NOUN
eistud-16191	203	5	,	,	PUNCT
eistud-16191	203	6	5	5	NUM
eistud-16191	203	7	,	,	PUNCT
eistud-16191	203	8	91–104	91–104	PROPN
eistud-16191	203	9	.	.	PUNCT
eistud-16191	204	1	http://dx.doi.org/10.1057/palgrave.jam.2240131	http://dx.doi.org/10.1057/palgrave.jam.2240131	PROPN
eistud-16191	204	2	bhagat	bhagat	PROPN
eistud-16191	204	3	,	,	PUNCT
eistud-16191	204	4	s.	s.	PROPN
eistud-16191	204	5	&	&	CCONJ
eistud-16191	204	6	bolton	bolton	PROPN
eistud-16191	204	7	,	,	PUNCT
eistud-16191	204	8	b.	b.	PROPN
eistud-16191	204	9	(	(	PUNCT
eistud-16191	204	10	2008	2008	NUM
eistud-16191	204	11	)	)	PUNCT
eistud-16191	204	12	.	.	PUNCT
eistud-16191	205	1	corporate	corporate	ADJ
eistud-16191	205	2	gover­	gover­	PROPN
eistud-16191	205	3	nance	nance	NOUN
eistud-16191	205	4	and	and	CCONJ
eistud-16191	205	5	firm	firm	ADJ
eistud-16191	205	6	performance	performance	NOUN
eistud-16191	205	7	.	.	PUNCT
eistud-16191	206	1	journal	journal	NOUN
eistud-16191	206	2	of	of	ADP
eistud-16191	206	3	corporate	corporate	ADJ
eistud-16191	206	4	finance	finance	NOUN
eistud-16191	206	5	,	,	PUNCT
eistud-16191	206	6	14	14	NUM
eistud-16191	206	7	,	,	PUNCT
eistud-16191	206	8	257–273	257–273	NUM
eistud-16191	206	9	.	.	PUNCT
eistud-16191	207	1	http://dx.doi.org/10.1016/j.jcorpfin.2008.03.006	http://dx.doi.org/10.1016/j.jcorpfin.2008.03.006	ADJ
eistud-16191	207	2	bloomberg	bloomberg	NOUN
eistud-16191	207	3	(	(	PUNCT
eistud-16191	207	4	2015).german	2015).german	ADJ
eistud-16191	207	5	government	government	NOUN
eistud-16191	207	6	bonds	bond	NOUN
eistud-16191	207	7	.	.	PUNCT
eistud-16191	207	8	retrieved	retrieve	VERB
eistud-16191	207	9	from	from	ADP
eistud-16191	207	10	http://www.bloomberg.com/mar­	http://www.bloomberg.com/mar­	PROPN
eistud-16191	207	11	kets	ket	NOUN
eistud-16191	207	12	/	/	SYM
eistud-16191	207	13	rates	rate	NOUN
eistud-16191	207	14	–	–	PUNCT
eistud-16191	207	15	bonds	bond	NOUN
eistud-16191	207	16	/	/	SYM
eistud-16191	207	17	government	government	NOUN
eistud-16191	207	18	–	–	PUNCT
eistud-16191	207	19	bonds	bond	NOUN
eistud-16191	207	20	/	/	SYM
eistud-16191	207	21	germany	germany	PROPN
eistud-16191	207	22	[	[	X
eistud-16191	207	23	06.11.2015	06.11.2015	X
eistud-16191	207	24	]	]	X
eistud-16191	207	25	bratton	bratton	PROPN
eistud-16191	207	26	,	,	PUNCT
eistud-16191	207	27	w.	w.	PROPN
eistud-16191	207	28	(	(	PUNCT
eistud-16191	207	29	2012	2012	NUM
eistud-16191	207	30	)	)	PUNCT
eistud-16191	207	31	.	.	PUNCT
eistud-16191	208	1	agency	agency	NOUN
eistud-16191	208	2	theory	theory	NOUN
eistud-16191	208	3	and	and	CCONJ
eistud-16191	208	4	incentive	incentive	NOUN
eistud-16191	208	5	compensation	compensation	NOUN
eistud-16191	208	6	.	.	PUNCT
eistud-16191	209	1	in	in	ADP
eistud-16191	209	2	r.	r.	PROPN
eistud-16191	209	3	s.	s.	PROPN
eistud-16191	209	4	thomas	thomas	PROPN
eistud-16191	209	5	,	,	PUNCT
eistud-16191	209	6	j.	j.	PROPN
eistud-16191	209	7	s.	s.	PROPN
eistud-16191	209	8	beasley	beasley	PROPN
eistud-16191	209	9	,	,	PUNCT
eistud-16191	209	10	&	&	CCONJ
eistud-16191	209	11	j.	j.	PROPN
eistud-16191	209	12	g.	g.	PROPN
eistud-16191	209	13	hill	hill	PROPN
eistud-16191	209	14	(	(	PUNCT
eistud-16191	209	15	eds	ed	NOUN
eistud-16191	209	16	.	.	PUNCT
eistud-16191	209	17	)	)	PUNCT
eistud-16191	209	18	,	,	PUNCT
eistud-16191	209	19	research	research	NOUN
eistud-16191	209	20	handbook	handbook	NOUN
eistud-16191	209	21	on	on	ADP
eistud-16191	209	22	executive	executive	ADJ
eistud-16191	209	23	pay	pay	NOUN
eistud-16191	209	24	(	(	PUNCT
eistud-16191	209	25	pp	pp	ADJ
eistud-16191	209	26	.	.	PUNCT
eistud-16191	210	1	101–122	101–122	NUM
eistud-16191	210	2	)	)	PUNCT
eistud-16191	210	3	.	.	PUNCT
eistud-16191	211	1	northampton	northampton	PROPN
eistud-16191	211	2	:	:	PUNCT
eistud-16191	211	3	edward	edward	PROPN
eistud-16191	211	4	elgar	elgar	PROPN
eistud-16191	211	5	http://dx.doi.org/10.4337/9781781005101.00011	http://dx.doi.org/10.4337/9781781005101.00011	PROPN
eistud-16191	211	6	brenes	brene	NOUN
eistud-16191	211	7	,	,	PUNCT
eistud-16191	211	8	e.	e.	PROPN
eistud-16191	211	9	r.	r.	PROPN
eistud-16191	211	10	,	,	PUNCT
eistud-16191	211	11	madrigal	madrigal	PROPN
eistud-16191	211	12	,	,	PUNCT
eistud-16191	211	13	k.	k.	PROPN
eistud-16191	211	14	,	,	PUNCT
eistud-16191	211	15	&	&	CCONJ
eistud-16191	211	16	requena	requena	PROPN
eistud-16191	211	17	,	,	PUNCT
eistud-16191	211	18	b.	b.	PROPN
eistud-16191	211	19	(	(	PUNCT
eistud-16191	211	20	2011	2011	NUM
eistud-16191	211	21	)	)	PUNCT
eistud-16191	211	22	.	.	PUNCT
eistud-16191	212	1	corporate	corporate	ADJ
eistud-16191	212	2	governance	governance	NOUN
eistud-16191	212	3	and	and	CCONJ
eistud-16191	212	4	family	family	NOUN
eistud-16191	212	5	business	business	NOUN
eistud-16191	212	6	perfor­	perfor­	PROPN
eistud-16191	212	7	mance	mance	PROPN
eistud-16191	212	8	.	.	PUNCT
eistud-16191	213	1	journal	journal	PROPN
eistud-16191	213	2	of	of	ADP
eistud-16191	213	3	business	business	NOUN
eistud-16191	213	4	research	research	NOUN
eistud-16191	213	5	,	,	PUNCT
eistud-16191	213	6	64	64	NUM
eistud-16191	213	7	,	,	PUNCT
eistud-16191	213	8	280–285	280–285	NUM
eistud-16191	213	9	.	.	PUNCT
eistud-16191	214	1	http://dx.doi.org/10.1016/j.jbusres.2009.11.013	http://dx.doi.org/10.1016/j.jbusres.2009.11.013	NOUN
eistud-16191	214	2	143	143	NUM
eistud-16191	214	3	european	european	ADJ
eistud-16191	214	4	integrat	integrat	NOUN
eistud-16191	214	5	ion	ion	NOUN
eistud-16191	214	6	studies	study	NOUN
eistud-16191	214	7	2016/10	2016/10	NUM
eistud-16191	214	8	brown	brown	NOUN
eistud-16191	214	9	,	,	PUNCT
eistud-16191	214	10	l.	l.	PROPN
eistud-16191	214	11	d.	d.	PROPN
eistud-16191	214	12	&	&	CCONJ
eistud-16191	214	13	caylor	caylor	PROPN
eistud-16191	214	14	,	,	PUNCT
eistud-16191	214	15	m.	m.	NOUN
eistud-16191	214	16	l.	l.	PROPN
eistud-16191	214	17	(	(	PUNCT
eistud-16191	214	18	2006	2006	NUM
eistud-16191	214	19	)	)	PUNCT
eistud-16191	214	20	.	.	PUNCT
eistud-16191	215	1	corporate	corporate	ADJ
eistud-16191	215	2	gov­	gov­	NOUN
eistud-16191	215	3	ernance	ernance	NOUN
eistud-16191	215	4	and	and	CCONJ
eistud-16191	215	5	firm	firm	ADJ
eistud-16191	215	6	valuation	valuation	NOUN
eistud-16191	215	7	.	.	PUNCT
eistud-16191	216	1	journal	journal	PROPN
eistud-16191	216	2	of	of	ADP
eistud-16191	216	3	accounting	accounting	NOUN
eistud-16191	216	4	and	and	CCONJ
eistud-16191	216	5	public	public	ADJ
eistud-16191	216	6	policy	policy	NOUN
eistud-16191	216	7	,	,	PUNCT
eistud-16191	216	8	25	25	NUM
eistud-16191	216	9	,	,	PUNCT
eistud-16191	216	10	409–430	409–430	NUM
eistud-16191	216	11	.	.	PUNCT
eistud-16191	217	1	http://dx.doi.org/10.1016/j.jaccpubpol.2006.05.005	http://dx.doi.org/10.1016/j.jaccpubpol.2006.05.005	PROPN
eistud-16191	217	2	castaner	castaner	NOUN
eistud-16191	217	3	,	,	PUNCT
eistud-16191	217	4	x.	x.	PROPN
eistud-16191	217	5	&	&	CCONJ
eistud-16191	217	6	kavadis	kavadis	PROPN
eistud-16191	217	7	,	,	PUNCT
eistud-16191	217	8	n.	n.	PROPN
eistud-16191	217	9	(	(	PUNCT
eistud-16191	217	10	2013	2013	NUM
eistud-16191	217	11	)	)	PUNCT
eistud-16191	217	12	.	.	PUNCT
eistud-16191	218	1	does	do	AUX
eistud-16191	218	2	good	good	ADJ
eistud-16191	218	3	gov­	gov­	NOUN
eistud-16191	218	4	ernance	ernance	NOUN
eistud-16191	218	5	prevent	prevent	VERB
eistud-16191	218	6	bad	bad	ADJ
eistud-16191	218	7	strategy	strategy	NOUN
eistud-16191	218	8	?	?	PUNCT
eistud-16191	219	1	a	a	DET
eistud-16191	219	2	study	study	NOUN
eistud-16191	219	3	of	of	ADP
eistud-16191	219	4	corporate	corporate	ADJ
eistud-16191	219	5	governance	governance	NOUN
eistud-16191	219	6	,	,	PUNCT
eistud-16191	219	7	financial	financial	ADJ
eistud-16191	219	8	diversification	diversification	NOUN
eistud-16191	219	9	,	,	PUNCT
eistud-16191	219	10	and	and	CCONJ
eistud-16191	219	11	value	value	NOUN
eistud-16191	219	12	cre­	cre­	PROPN
eistud-16191	219	13	ation	ation	PROPN
eistud-16191	219	14	by	by	ADP
eistud-16191	219	15	french	french	ADJ
eistud-16191	219	16	corporations	corporation	NOUN
eistud-16191	219	17	,	,	PUNCT
eistud-16191	219	18	2000–2006	2000–2006	NUM
eistud-16191	219	19	.	.	PUNCT
eistud-16191	219	20	strategic	strategic	ADJ
eistud-16191	219	21	management	management	NOUN
eistud-16191	219	22	journal	journal	NOUN
eistud-16191	219	23	,	,	PUNCT
eistud-16191	219	24	34	34	NUM
eistud-16191	219	25	,	,	PUNCT
eistud-16191	219	26	863–876	863–876	NUM
eistud-16191	219	27	.	.	PUNCT
eistud-16191	220	1	http://dx.doi.org/10.1002/smj.2040	http://dx.doi.org/10.1002/smj.2040	PROPN
eistud-16191	220	2	carline	carline	PROPN
eistud-16191	220	3	,	,	PUNCT
eistud-16191	220	4	n.	n.	PROPN
eistud-16191	220	5	f.	f.	PROPN
eistud-16191	220	6	,	,	PUNCT
eistud-16191	220	7	linn	linn	PROPN
eistud-16191	220	8	,	,	PUNCT
eistud-16191	220	9	s.	s.	PROPN
eistud-16191	220	10	c.	c.	PROPN
eistud-16191	220	11	,	,	PUNCT
eistud-16191	220	12	&	&	CCONJ
eistud-16191	220	13	yadav	yadav	PROPN
eistud-16191	220	14	,	,	PUNCT
eistud-16191	220	15	p.	p.	PROPN
eistud-16191	220	16	k.	k.	PROPN
eistud-16191	220	17	(	(	PUNCT
eistud-16191	220	18	2009	2009	NUM
eistud-16191	220	19	)	)	PUNCT
eistud-16191	220	20	.	.	PUNCT
eistud-16191	221	1	oper­	oper­	PROPN
eistud-16191	221	2	ating	ate	VERB
eistud-16191	221	3	performance	performance	NOUN
eistud-16191	221	4	changes	change	NOUN
eistud-16191	221	5	associated	associate	VERB
eistud-16191	221	6	with	with	ADP
eistud-16191	221	7	corpo­	corpo­	NOUN
eistud-16191	221	8	rate	rate	NOUN
eistud-16191	221	9	mergers	merger	NOUN
eistud-16191	221	10	and	and	CCONJ
eistud-16191	221	11	the	the	DET
eistud-16191	221	12	role	role	NOUN
eistud-16191	221	13	of	of	ADP
eistud-16191	221	14	corporate	corporate	ADJ
eistud-16191	221	15	governance	governance	NOUN
eistud-16191	221	16	.	.	PUNCT
eistud-16191	222	1	journal	journal	NOUN
eistud-16191	222	2	of	of	ADP
eistud-16191	222	3	banking	banking	NOUN
eistud-16191	222	4	,	,	PUNCT
eistud-16191	222	5	&	&	CCONJ
eistud-16191	222	6	finance	finance	PROPN
eistud-16191	222	7	,	,	PUNCT
eistud-16191	222	8	33	33	NUM
eistud-16191	222	9	,	,	PUNCT
eistud-16191	222	10	1829–1841	1829–1841	NUM
eistud-16191	222	11	http://dx.doi.org/10.1016/j.jbankfin.2009.03.012	http://dx.doi.org/10.1016/j.jbankfin.2009.03.012	PROPN
eistud-16191	222	12	cismarket	cismarket	NOUN
eistud-16191	222	13	(	(	PUNCT
eistud-16191	222	14	2015	2015	NUM
eistud-16191	222	15	)	)	PUNCT
eistud-16191	222	16	.	.	PUNCT
eistud-16191	223	1	s&p	s&p	PROPN
eistud-16191	223	2	500	500	NUM
eistud-16191	223	3	financial	financial	ADJ
eistud-16191	223	4	strength	strength	NOUN
eistud-16191	223	5	in­	in­	NOUN
eistud-16191	223	6	formation	formation	NOUN
eistud-16191	223	7	.	.	PUNCT
eistud-16191	224	1	retrieved	retrieve	VERB
eistud-16191	224	2	from	from	ADP
eistud-16191	224	3	http://csimarket.com/	http://csimarket.com/	NOUN
eistud-16191	224	4	industry	industry	NOUN
eistud-16191	224	5	/	/	SYM
eistud-16191	224	6	industry_financial_strength_ratios	industry_financial_strength_ratio	NOUN
eistud-16191	224	7	.	.	PUNCT
eistud-16191	225	1	php?&hist=1	php?&hist=1	PROPN
eistud-16191	225	2	[	[	X
eistud-16191	225	3	06.11.2015	06.11.2015	X
eistud-16191	225	4	]	]	X
eistud-16191	225	5	conheady	conheady	PROPN
eistud-16191	225	6	,	,	PUNCT
eistud-16191	225	7	b.	b.	PROPN
eistud-16191	225	8	,	,	PUNCT
eistud-16191	225	9	mcilkenny	mcilkenny	NOUN
eistud-16191	225	10	,	,	PUNCT
eistud-16191	225	11	p.	p.	PROPN
eistud-16191	225	12	,	,	PUNCT
eistud-16191	225	13	opong	opong	PROPN
eistud-16191	225	14	,	,	PUNCT
eistud-16191	225	15	k.	k.	PROPN
eistud-16191	225	16	k.	k.	PROPN
eistud-16191	225	17	,	,	PUNCT
eistud-16191	225	18	&	&	CCONJ
eistud-16191	225	19	pig­	pig­	VERB
eistud-16191	225	20	natel	natel	NOUN
eistud-16191	225	21	,	,	PUNCT
eistud-16191	225	22	i.	i.	NOUN
eistud-16191	225	23	(	(	PUNCT
eistud-16191	225	24	2015	2015	NUM
eistud-16191	225	25	)	)	PUNCT
eistud-16191	225	26	.	.	PUNCT
eistud-16191	226	1	board	board	NOUN
eistud-16191	226	2	effectiveness	effectiveness	NOUN
eistud-16191	226	3	and	and	CCONJ
eistud-16191	226	4	firm	firm	ADJ
eistud-16191	226	5	per­	per­	NOUN
eistud-16191	226	6	formance	formance	NOUN
eistud-16191	226	7	of	of	ADP
eistud-16191	226	8	canadian	canadian	ADJ
eistud-16191	226	9	listed	list	VERB
eistud-16191	226	10	firms	firm	NOUN
eistud-16191	226	11	.	.	PUNCT
eistud-16191	227	1	the	the	DET
eistud-16191	227	2	british	british	PROPN
eistud-16191	227	3	ac­	ac­	PROPN
eistud-16191	227	4	counting	count	VERB
eistud-16191	227	5	review	review	NOUN
eistud-16191	227	6	,	,	PUNCT
eistud-16191	227	7	47(3	47(3	NUM
eistud-16191	227	8	)	)	PUNCT
eistud-16191	227	9	,	,	PUNCT
eistud-16191	227	10	290–303	290–303	NUM
eistud-16191	227	11	.	.	PUNCT
eistud-16191	228	1	http://dx.doi.org/10.1016/j.bar.2014.02.002	http://dx.doi.org/10.1016/j.bar.2014.02.002	PROPN
eistud-16191	228	2	dalton	dalton	PROPN
eistud-16191	228	3	,	,	PUNCT
eistud-16191	228	4	d.	d.	PROPN
eistud-16191	228	5	r	r	PROPN
eistud-16191	228	6	,	,	PUNCT
eistud-16191	228	7	daily	daily	ADV
eistud-16191	228	8	,	,	PUNCT
eistud-16191	228	9	c.	c.	PROPN
eistud-16191	228	10	m.	m.	NOUN
eistud-16191	228	11	,	,	PUNCT
eistud-16191	228	12	certo	certo	PROPN
eistud-16191	228	13	,	,	PUNCT
eistud-16191	228	14	s.	s.	PROPN
eistud-16191	228	15	t.	t.	PROPN
eistud-16191	228	16	,	,	PUNCT
eistud-16191	228	17	&	&	CCONJ
eistud-16191	228	18	roengpitya	roengpitya	PROPN
eistud-16191	228	19	,	,	PUNCT
eistud-16191	228	20	r.	r.	PROPN
eistud-16191	228	21	(	(	PUNCT
eistud-16191	228	22	1998	1998	NUM
eistud-16191	228	23	)	)	PUNCT
eistud-16191	228	24	.	.	PUNCT
eistud-16191	229	1	meta	meta	ADJ
eistud-16191	229	2	–	–	PUNCT
eistud-16191	229	3	analyses	analysis	NOUN
eistud-16191	229	4	of	of	ADP
eistud-16191	229	5	financial	financial	ADJ
eistud-16191	229	6	performance	performance	NOUN
eistud-16191	229	7	and	and	CCONJ
eistud-16191	229	8	equity	equity	NOUN
eistud-16191	229	9	:	:	PUNCT
eistud-16191	229	10	fusion	fusion	NOUN
eistud-16191	229	11	or	or	CCONJ
eistud-16191	229	12	confusion	confusion	NOUN
eistud-16191	229	13	?	?	PUNCT
eistud-16191	229	14	strategic	strategic	ADJ
eistud-16191	229	15	management	management	NOUN
eistud-16191	229	16	journal	journal	NOUN
eistud-16191	229	17	,	,	PUNCT
eistud-16191	229	18	19	19	NUM
eistud-16191	229	19	,	,	PUNCT
eistud-16191	229	20	269–290	269–290	NUM
eistud-16191	229	21	.	.	PUNCT
eistud-16191	230	1	http://dx.doi.org/10.1002/	http://dx.doi.org/10.1002/	PROPN
eistud-16191	230	2	(	(	PUNCT
eistud-16191	230	3	sici)1097–0266(199803)19:3<269	sici)1097–0266(199803)19:3<269	NOUN
eistud-16191	230	4	:	:	PUNCT
eistud-16191	230	5	:	:	PUNCT
eistud-16191	230	6	aid	aid	NOUN
eistud-16191	230	7	–	–	PUNCT
eistud-16191	230	8	sm­	sm­	PROPN
eistud-16191	230	9	j950>3.0.co;2	j950>3.0.co;2	PROPN
eistud-16191	230	10	–	–	PUNCT
eistud-16191	230	11	k	k	PROPN
eistud-16191	230	12	daines	daine	NOUN
eistud-16191	230	13	,	,	PUNCT
eistud-16191	230	14	r.	r.	PROPN
eistud-16191	230	15	,	,	PUNCT
eistud-16191	230	16	gow	gow	PROPN
eistud-16191	230	17	,	,	PUNCT
eistud-16191	230	18	i.	i.	NOUN
eistud-16191	230	19	,	,	PUNCT
eistud-16191	230	20	&	&	CCONJ
eistud-16191	230	21	larcker	larcker	PROPN
eistud-16191	230	22	,	,	PUNCT
eistud-16191	230	23	d.	d.	PROPN
eistud-16191	230	24	(	(	PUNCT
eistud-16191	230	25	2008	2008	NUM
eistud-16191	230	26	)	)	PUNCT
eistud-16191	230	27	.	.	PUNCT
eistud-16191	231	1	rating	rate	VERB
eistud-16191	231	2	the	the	DET
eistud-16191	231	3	ratings	rating	NOUN
eistud-16191	231	4	:	:	PUNCT
eistud-16191	231	5	how	how	SCONJ
eistud-16191	231	6	good	good	ADJ
eistud-16191	231	7	are	be	AUX
eistud-16191	231	8	commercial	commercial	ADJ
eistud-16191	231	9	governance	governance	NOUN
eistud-16191	231	10	ratings	rating	NOUN
eistud-16191	231	11	?	?	PUNCT
eistud-16191	232	1	journal	journal	NOUN
eistud-16191	232	2	of	of	ADP
eistud-16191	232	3	financial	financial	ADJ
eistud-16191	232	4	economics	economic	NOUN
eistud-16191	232	5	(	(	PUNCT
eistud-16191	232	6	jfe	jfe	ADJ
eistud-16191	232	7	)	)	PUNCT
eistud-16191	232	8	,	,	PUNCT
eistud-16191	232	9	98(3	98(3	PROPN
eistud-16191	232	10	)	)	PUNCT
eistud-16191	232	11	,	,	PUNCT
eistud-16191	232	12	439–461	439–461	NUM
eistud-16191	232	13	.	.	PUNCT
eistud-16191	233	1	http://dx.doi.org/10.1016/j.jfine­	http://dx.doi.org/10.1016/j.jfine­	AUX
eistud-16191	233	2	co.2010.06.005	co.2010.06.005	VERB
eistud-16191	233	3	ebeling	ebele	VERB
eistud-16191	233	4	,	,	PUNCT
eistud-16191	233	5	p.–c	p.–c	NOUN
eistud-16191	233	6	.	.	PUNCT
eistud-16191	234	1	(	(	PUNCT
eistud-16191	234	2	2015	2015	NUM
eistud-16191	234	3	)	)	PUNCT
eistud-16191	234	4	.	.	PUNCT
eistud-16191	235	1	corporate	corporate	ADJ
eistud-16191	235	2	governance	governance	NOUN
eistud-16191	235	3	ka­	ka­	NOUN
eistud-16191	235	4	pitalmarktorientierter	pitalmarktorientierter	PROPN
eistud-16191	235	5	immobiliengesellschaften	immobiliengesellschaften	PROPN
eistud-16191	235	6	(	(	PUNCT
eistud-16191	235	7	schriften	schriften	VERB
eistud-16191	235	8	zu	zu	NOUN
eistud-16191	235	9	immobilienökonomie	immobilienökonomie	VERB
eistud-16191	235	10	und	und	ADJ
eistud-16191	235	11	immobil­	immobil­	PROPN
eistud-16191	235	12	ienrecht	ienrecht	NOUN
eistud-16191	235	13	.	.	PUNCT
eistud-16191	236	1	regensburg	regensburg	PROPN
eistud-16191	236	2	:	:	PUNCT
eistud-16191	236	3	international	international	ADJ
eistud-16191	236	4	real	real	ADJ
eistud-16191	236	5	estate	estate	NOUN
eistud-16191	236	6	business	business	NOUN
eistud-16191	236	7	school	school	NOUN
eistud-16191	236	8	gupta	gupta	PROPN
eistud-16191	236	9	,	,	PUNCT
eistud-16191	236	10	k.	k.	PROPN
eistud-16191	236	11	,	,	PUNCT
eistud-16191	236	12	chandrasekhar	chandrasekhar	PROPN
eistud-16191	236	13	,	,	PUNCT
eistud-16191	236	14	k.	k.	PROPN
eistud-16191	236	15	,	,	PUNCT
eistud-16191	236	16	&	&	CCONJ
eistud-16191	236	17	tourani	tourani	PROPN
eistud-16191	236	18	–	–	PUNCT
eistud-16191	236	19	rad	rad	PROPN
eistud-16191	236	20	,	,	PUNCT
eistud-16191	236	21	a	a	PRON
eistud-16191	236	22	,	,	PUNCT
eistud-16191	236	23	(	(	PUNCT
eistud-16191	236	24	2013	2013	NUM
eistud-16191	236	25	)	)	PUNCT
eistud-16191	236	26	.	.	PUNCT
eistud-16191	236	27	is	be	AUX
eistud-16191	236	28	corporate	corporate	ADJ
eistud-16191	236	29	governance	governance	NOUN
eistud-16191	236	30	relevant	relevant	ADJ
eistud-16191	236	31	during	during	ADP
eistud-16191	236	32	the	the	DET
eistud-16191	236	33	financial	financial	ADJ
eistud-16191	236	34	crisis	crisis	NOUN
eistud-16191	236	35	?	?	PUNCT
eistud-16191	237	1	journal	journal	NOUN
eistud-16191	237	2	of	of	ADP
eistud-16191	237	3	international	international	ADJ
eistud-16191	237	4	financial	financial	ADJ
eistud-16191	237	5	markets	market	NOUN
eistud-16191	237	6	,	,	PUNCT
eistud-16191	237	7	institutions	institution	NOUN
eistud-16191	237	8	and	and	CCONJ
eistud-16191	237	9	money	money	NOUN
eistud-16191	237	10	,	,	PUNCT
eistud-16191	237	11	23	23	NUM
eistud-16191	237	12	,	,	PUNCT
eistud-16191	237	13	85–110	85–110	PROPN
eistud-16191	237	14	.	.	PUNCT
eistud-16191	238	1	http://dx.doi.org/10.1016/j.intfin.2012.10.002	http://dx.doi.org/10.1016/j.intfin.2012.10.002	PROPN
eistud-16191	238	2	fuzi	fuzi	PROPN
eistud-16191	238	3	,	,	PUNCT
eistud-16191	238	4	s.	s.	PROPN
eistud-16191	238	5	f.	f.	PROPN
eistud-16191	238	6	s.	s.	PROPN
eistud-16191	238	7	,	,	PUNCT
eistud-16191	238	8	halim	halim	PROPN
eistud-16191	238	9	,	,	PUNCT
eistud-16191	238	10	s.	s.	PROPN
eistud-16191	238	11	a.	a.	PROPN
eistud-16191	238	12	a.	a.	PROPN
eistud-16191	238	13	,	,	PUNCT
eistud-16191	238	14	&	&	CCONJ
eistud-16191	238	15	julizaerma	julizaerma	PROPN
eistud-16191	238	16	,	,	PUNCT
eistud-16191	238	17	m.k	m.k	PROPN
eistud-16191	238	18	(	(	PUNCT
eistud-16191	238	19	2016	2016	NUM
eistud-16191	238	20	)	)	PUNCT
eistud-16191	238	21	.	.	PUNCT
eistud-16191	239	1	board	board	NOUN
eistud-16191	239	2	independence	independence	NOUN
eistud-16191	239	3	and	and	CCONJ
eistud-16191	239	4	firm	firm	ADJ
eistud-16191	239	5	performance	performance	NOUN
eistud-16191	239	6	.	.	PUNCT
eistud-16191	240	1	procedia	procedia	NOUN
eistud-16191	240	2	economics	economic	NOUN
eistud-16191	240	3	and	and	CCONJ
eistud-16191	240	4	finance	finance	NOUN
eistud-16191	240	5	,	,	PUNCT
eistud-16191	240	6	37	37	NUM
eistud-16191	240	7	,	,	PUNCT
eistud-16191	240	8	460–465	460–465	NUM
eistud-16191	240	9	.	.	PUNCT
eistud-16191	241	1	http://dx.doi.org/10.1016/s2212–5671(16)30152–6	http://dx.doi.org/10.1016/s2212–5671(16)30152–6	PROPN
eistud-16191	241	2	gompers	gomper	NOUN
eistud-16191	241	3	,	,	PUNCT
eistud-16191	241	4	p.	p.	PROPN
eistud-16191	241	5	,	,	PUNCT
eistud-16191	241	6	ishii	ishii	PROPN
eistud-16191	241	7	,	,	PUNCT
eistud-16191	241	8	j.	j.	PROPN
eistud-16191	241	9	,	,	PUNCT
eistud-16191	241	10	&	&	CCONJ
eistud-16191	241	11	metrick	metrick	ADJ
eistud-16191	241	12	,	,	PUNCT
eistud-16191	241	13	a.	a.	NOUN
eistud-16191	241	14	(	(	PUNCT
eistud-16191	241	15	2003	2003	NUM
eistud-16191	241	16	)	)	PUNCT
eistud-16191	241	17	.	.	PUNCT
eistud-16191	242	1	corporate	corporate	ADJ
eistud-16191	242	2	governance	governance	NOUN
eistud-16191	242	3	and	and	CCONJ
eistud-16191	242	4	equity	equity	NOUN
eistud-16191	242	5	prices	price	NOUN
eistud-16191	242	6	.	.	PUNCT
eistud-16191	243	1	quarterly	quarterly	ADJ
eistud-16191	243	2	journal	journal	NOUN
eistud-16191	243	3	of	of	ADP
eistud-16191	243	4	economics	economic	NOUN
eistud-16191	243	5	,	,	PUNCT
eistud-16191	243	6	116(1	116(1	NUM
eistud-16191	243	7	)	)	PUNCT
eistud-16191	243	8	,	,	PUNCT
eistud-16191	243	9	107–155	107–155	NUM
eistud-16191	243	10	.	.	PUNCT
eistud-16191	244	1	http://dx.doi.org/10.1162/00335530360535162	http://dx.doi.org/10.1162/00335530360535162	PROPN
eistud-16191	244	2	hermalin	hermalin	PROPN
eistud-16191	244	3	,	,	PUNCT
eistud-16191	244	4	b.	b.	PROPN
eistud-16191	244	5	e.	e.	PROPN
eistud-16191	244	6	&	&	CCONJ
eistud-16191	244	7	weisbach	weisbach	PROPN
eistud-16191	244	8	,	,	PUNCT
eistud-16191	244	9	m.	m.	NOUN
eistud-16191	244	10	s.	s.	PROPN
eistud-16191	244	11	(	(	PUNCT
eistud-16191	244	12	2012	2012	NUM
eistud-16191	244	13	)	)	PUNCT
eistud-16191	244	14	.	.	PUNCT
eistud-16191	245	1	information	information	NOUN
eistud-16191	245	2	disclosure	disclosure	NOUN
eistud-16191	245	3	and	and	CCONJ
eistud-16191	245	4	corporate	corporate	ADJ
eistud-16191	245	5	governance	governance	NOUN
eistud-16191	245	6	.	.	PUNCT
eistud-16191	246	1	journal	journal	NOUN
eistud-16191	246	2	of	of	ADP
eistud-16191	246	3	fi­	fi­	PROPN
eistud-16191	246	4	nance	nance	NOUN
eistud-16191	246	5	,	,	PUNCT
eistud-16191	246	6	67	67	NUM
eistud-16191	246	7	,	,	PUNCT
eistud-16191	246	8	195–234	195–234	NUM
eistud-16191	246	9	.	.	X
eistud-16191	246	10	http://dx.doi.org/10.1111/j.1540–6261.2011.01710.x	http://dx.doi.org/10.1111/j.1540–6261.2011.01710.x	PROPN
eistud-16191	246	11	jannott	jannott	PROPN
eistud-16191	246	12	,	,	PUNCT
eistud-16191	246	13	d.	d.	PROPN
eistud-16191	246	14	&	&	CCONJ
eistud-16191	246	15	frodermann	frodermann	PROPN
eistud-16191	246	16	,	,	PUNCT
eistud-16191	246	17	j.	j.	PROPN
eistud-16191	246	18	(	(	PUNCT
eistud-16191	246	19	2014	2014	NUM
eistud-16191	246	20	)	)	PUNCT
eistud-16191	246	21	.	.	PUNCT
eistud-16191	247	1	handbuch	handbuch	PROPN
eistud-16191	247	2	der	der	PROPN
eistud-16191	247	3	eu­	eu­	VERB
eistud-16191	247	4	ropäischen	ropäischen	NOUN
eistud-16191	247	5	aktiengesellschaft	aktiengesellschaft	PROPN
eistud-16191	247	6	.	.	PUNCT
eistud-16191	248	1	heidelberg	heidelberg	PROPN
eistud-16191	248	2	:	:	PUNCT
eistud-16191	248	3	c.	c.	PROPN
eistud-16191	248	4	f.	f.	PROPN
eistud-16191	248	5	müller	müller	PROPN
eistud-16191	248	6	.	.	PUNCT
eistud-16191	249	1	janocha	janocha	PROPN
eistud-16191	249	2	,	,	PUNCT
eistud-16191	249	3	m.	m.	NOUN
eistud-16191	249	4	(	(	PUNCT
eistud-16191	249	5	2014	2014	NUM
eistud-16191	249	6	)	)	PUNCT
eistud-16191	249	7	.	.	PUNCT
eistud-16191	250	1	vergütung	vergütung	PROPN
eistud-16191	250	2	mittels	mittel	NOUN
eistud-16191	250	3	bonusbanken	bonusbanken	VERB
eistud-16191	250	4	:	:	PUNCT
eistud-16191	250	5	eine	eine	PROPN
eistud-16191	250	6	agency	agency	PROPN
eistud-16191	250	7	–	–	PUNCT
eistud-16191	250	8	theoretische	theoretische	NOUN
eistud-16191	250	9	perspektive	perspektive	PROPN
eistud-16191	250	10	.	.	PUNCT
eistud-16191	251	1	gabler	gabler	PROPN
eistud-16191	251	2	:	:	PUNCT
eistud-16191	251	3	wies­	wies­	PROPN
eistud-16191	251	4	baden	baden	PROPN
eistud-16191	251	5	.	.	PUNCT
eistud-16191	252	1	http://dx.doi.org/10.1007/978–3–658–06300–9	http://dx.doi.org/10.1007/978–3–658–06300–9	PROPN
eistud-16191	252	2	jensen	jensen	PROPN
eistud-16191	252	3	,	,	PUNCT
eistud-16191	252	4	m.	m.	PROPN
eistud-16191	252	5	c.	c.	PROPN
eistud-16191	252	6	&	&	CCONJ
eistud-16191	252	7	meckling	meckling	PROPN
eistud-16191	252	8	,	,	PUNCT
eistud-16191	252	9	w.	w.	PROPN
eistud-16191	252	10	h.	h.	PROPN
eistud-16191	252	11	(	(	PUNCT
eistud-16191	252	12	1976	1976	NUM
eistud-16191	252	13	)	)	PUNCT
eistud-16191	252	14	.	.	PUNCT
eistud-16191	253	1	theory	theory	NOUN
eistud-16191	253	2	of	of	ADP
eistud-16191	253	3	the	the	DET
eistud-16191	253	4	firm	firm	NOUN
eistud-16191	253	5	:	:	PUNCT
eistud-16191	253	6	managerial	managerial	ADJ
eistud-16191	253	7	behavior	behavior	NOUN
eistud-16191	253	8	,	,	PUNCT
eistud-16191	253	9	agency	agency	NOUN
eistud-16191	253	10	costs	cost	NOUN
eistud-16191	253	11	and	and	CCONJ
eistud-16191	253	12	ownership	ownership	NOUN
eistud-16191	253	13	structure	structure	NOUN
eistud-16191	253	14	.	.	PUNCT
eistud-16191	254	1	journal	journal	NOUN
eistud-16191	254	2	of	of	ADP
eistud-16191	254	3	financial	financial	ADJ
eistud-16191	254	4	econom­	econom­	PROPN
eistud-16191	254	5	ics	ic	NOUN
eistud-16191	254	6	,	,	PUNCT
eistud-16191	254	7	3(4	3(4	NUM
eistud-16191	254	8	)	)	PUNCT
eistud-16191	254	9	,	,	PUNCT
eistud-16191	254	10	305–360	305–360	NUM
eistud-16191	254	11	.	.	PUNCT
eistud-16191	255	1	http://dx.doi.org/10.1016/0304	http://dx.doi.org/10.1016/0304	PROPN
eistud-16191	255	2	–	–	PUNCT
eistud-16191	255	3	405x(76)90026	405x(76)90026	NUM
eistud-16191	255	4	–	–	PUNCT
eistud-16191	255	5	x	x	SYM
eistud-16191	255	6	krivogorsky	krivogorsky	NOUN
eistud-16191	255	7	,	,	PUNCT
eistud-16191	255	8	v.	v.	PROPN
eistud-16191	255	9	(	(	PUNCT
eistud-16191	255	10	2006	2006	NUM
eistud-16191	255	11	)	)	PUNCT
eistud-16191	255	12	.	.	PUNCT
eistud-16191	256	1	ownership	ownership	NOUN
eistud-16191	256	2	,	,	PUNCT
eistud-16191	256	3	board	board	NOUN
eistud-16191	256	4	structure	structure	NOUN
eistud-16191	256	5	,	,	PUNCT
eistud-16191	256	6	&	&	CCONJ
eistud-16191	256	7	performance	performance	NOUN
eistud-16191	256	8	in	in	ADP
eistud-16191	256	9	continental	continental	PROPN
eistud-16191	256	10	europe	europe	PROPN
eistud-16191	256	11	.	.	PUNCT
eistud-16191	257	1	the	the	DET
eistud-16191	257	2	international	international	ADJ
eistud-16191	257	3	journal	journal	NOUN
eistud-16191	257	4	of	of	ADP
eistud-16191	257	5	accounting	accounting	NOUN
eistud-16191	257	6	,	,	PUNCT
eistud-16191	257	7	41(7	41(7	PROPN
eistud-16191	257	8	)	)	PUNCT
eistud-16191	257	9	,	,	PUNCT
eistud-16191	257	10	176–197	176–197	NUM
eistud-16191	257	11	.	.	PUNCT
eistud-16191	257	12	http://dx.doi.org/10.1016/j.intacc.2006.04.002	http://dx.doi.org/10.1016/j.intacc.2006.04.002	NOUN
eistud-16191	257	13	larcker	larcker	NOUN
eistud-16191	257	14	,	,	PUNCT
eistud-16191	257	15	d.	d.	PROPN
eistud-16191	257	16	,	,	PUNCT
eistud-16191	257	17	richardson	richardson	PROPN
eistud-16191	257	18	,	,	PUNCT
eistud-16191	257	19	s.	s.	PROPN
eistud-16191	257	20	,	,	PUNCT
eistud-16191	257	21	&	&	CCONJ
eistud-16191	257	22	tuna	tuna	PROPN
eistud-16191	257	23	,	,	PUNCT
eistud-16191	257	24	i.	i.	NOUN
eistud-16191	257	25	(	(	PUNCT
eistud-16191	257	26	2007	2007	NUM
eistud-16191	257	27	)	)	PUNCT
eistud-16191	257	28	.	.	PUNCT
eistud-16191	258	1	corporate	corporate	ADJ
eistud-16191	258	2	governance	governance	NOUN
eistud-16191	258	3	,	,	PUNCT
eistud-16191	258	4	accounting	account	VERB
eistud-16191	258	5	outcomes	outcome	NOUN
eistud-16191	258	6	,	,	PUNCT
eistud-16191	258	7	and	and	CCONJ
eistud-16191	258	8	organizational	organizational	ADJ
eistud-16191	258	9	performance	performance	NOUN
eistud-16191	258	10	.	.	PUNCT
eistud-16191	259	1	the	the	DET
eistud-16191	259	2	accounting	accounting	NOUN
eistud-16191	259	3	review	review	NOUN
eistud-16191	259	4	,	,	PUNCT
eistud-16191	259	5	82	82	NUM
eistud-16191	259	6	,	,	PUNCT
eistud-16191	259	7	963–1008	963–1008	NUM
eistud-16191	259	8	.	.	PUNCT
eistud-16191	260	1	http://dx.doi.org/10.2308/accr.2007.82.4.963	http://dx.doi.org/10.2308/accr.2007.82.4.963	PROPN
eistud-16191	260	2	nicholson	nicholson	PROPN
eistud-16191	260	3	,	,	PUNCT
eistud-16191	260	4	g.	g.	PROPN
eistud-16191	260	5	j.	j.	PROPN
eistud-16191	260	6	&	&	CCONJ
eistud-16191	260	7	kiel	kiel	PROPN
eistud-16191	260	8	,	,	PUNCT
eistud-16191	260	9	g.	g.	PROPN
eistud-16191	260	10	c.	c.	PROPN
eistud-16191	260	11	(	(	PUNCT
eistud-16191	260	12	2007	2007	NUM
eistud-16191	260	13	)	)	PUNCT
eistud-16191	260	14	.	.	PUNCT
eistud-16191	261	1	can	can	AUX
eistud-16191	261	2	directors	director	NOUN
eistud-16191	261	3	im­	im­	PROPN
eistud-16191	261	4	pact	pact	VERB
eistud-16191	261	5	performance	performance	NOUN
eistud-16191	261	6	?	?	PUNCT
eistud-16191	262	1	a	a	DET
eistud-16191	262	2	case	case	NOUN
eistud-16191	262	3	–	–	PUNCT
eistud-16191	262	4	based	base	VERB
eistud-16191	262	5	test	test	NOUN
eistud-16191	262	6	of	of	ADP
eistud-16191	262	7	three	three	NUM
eistud-16191	262	8	theo­	theo­	NOUN
eistud-16191	262	9	ries	rie	NOUN
eistud-16191	262	10	of	of	ADP
eistud-16191	262	11	corporate	corporate	ADJ
eistud-16191	262	12	governance	governance	NOUN
eistud-16191	262	13	.	.	PUNCT
eistud-16191	263	1	corporate	corporate	ADJ
eistud-16191	263	2	governance	governance	NOUN
eistud-16191	263	3	,	,	PUNCT
eistud-16191	263	4	15(4	15(4	NUM
eistud-16191	263	5	)	)	PUNCT
eistud-16191	263	6	,	,	PUNCT
eistud-16191	263	7	585–608	585–608	NUM
eistud-16191	263	8	.	.	PUNCT
eistud-16191	264	1	http://dx.doi.org/10.1111/j.1467–8683.2007.00590.x	http://dx.doi.org/10.1111/j.1467–8683.2007.00590.x	PROPN
eistud-16191	264	2	oecd	oecd	PROPN
eistud-16191	264	3	(	(	PUNCT
eistud-16191	264	4	2010	2010	NUM
eistud-16191	264	5	)	)	PUNCT
eistud-16191	264	6	.	.	PUNCT
eistud-16191	265	1	corporate	corporate	ADJ
eistud-16191	265	2	governance	governance	NOUN
eistud-16191	265	3	accountability	accountability	NOUN
eistud-16191	265	4	and	and	CCONJ
eistud-16191	265	5	transparency	transparency	NOUN
eistud-16191	265	6	:	:	PUNCT
eistud-16191	265	7	a	a	DET
eistud-16191	265	8	guide	guide	NOUN
eistud-16191	265	9	for	for	ADP
eistud-16191	265	10	state	state	NOUN
eistud-16191	265	11	ownership	ownership	NOUN
eistud-16191	265	12	,	,	PUNCT
eistud-16191	265	13	brus­	brus­	PRON
eistud-16191	265	14	sels	sel	NOUN
eistud-16191	265	15	:	:	PUNCT
eistud-16191	265	16	oecd	oecd	PROPN
eistud-16191	265	17	.	.	PROPN
eistud-16191	265	18	passenheim	passenheim	PROPN
eistud-16191	265	19	,	,	PUNCT
eistud-16191	265	20	o.	o.	PROPN
eistud-16191	265	21	(	(	PUNCT
eistud-16191	265	22	2010	2010	NUM
eistud-16191	265	23	)	)	PUNCT
eistud-16191	265	24	.	.	PUNCT
eistud-16191	266	1	enterprise	enterprise	NOUN
eistud-16191	266	2	risk	risk	NOUN
eistud-16191	266	3	management	management	NOUN
eistud-16191	266	4	.	.	PUNCT
eistud-16191	267	1	london	london	PROPN
eistud-16191	267	2	:	:	PUNCT
eistud-16191	267	3	ventus	ventus	PROPN
eistud-16191	267	4	.	.	PUNCT
eistud-16191	268	1	renders	render	VERB
eistud-16191	268	2	,	,	PUNCT
eistud-16191	268	3	a.	a.	NOUN
eistud-16191	268	4	,	,	PUNCT
eistud-16191	268	5	gaeremynck	gaeremynck	NOUN
eistud-16191	268	6	,	,	PUNCT
eistud-16191	268	7	a.	a.	NOUN
eistud-16191	268	8	,	,	PUNCT
eistud-16191	268	9	&	&	CCONJ
eistud-16191	268	10	sercu	sercu	PROPN
eistud-16191	268	11	,	,	PUNCT
eistud-16191	268	12	p.	p.	NOUN
eistud-16191	268	13	(	(	PUNCT
eistud-16191	268	14	2010	2010	NUM
eistud-16191	268	15	)	)	PUNCT
eistud-16191	268	16	.	.	PUNCT
eistud-16191	269	1	cor­	cor­	PROPN
eistud-16191	269	2	porate	porate	ADJ
eistud-16191	269	3	governance	governance	NOUN
eistud-16191	269	4	and	and	CCONJ
eistud-16191	269	5	performance	performance	NOUN
eistud-16191	269	6	:	:	PUNCT
eistud-16191	269	7	controlling	control	VERB
eistud-16191	269	8	for	for	ADP
eistud-16191	269	9	sample	sample	NOUN
eistud-16191	269	10	selection	selection	NOUN
eistud-16191	269	11	bias	bias	NOUN
eistud-16191	269	12	and	and	CCONJ
eistud-16191	269	13	endogeneity	endogeneity	NOUN
eistud-16191	269	14	.	.	PUNCT
eistud-16191	270	1	corporate	corporate	ADJ
eistud-16191	270	2	governance	governance	NOUN
eistud-16191	270	3	,	,	PUNCT
eistud-16191	270	4	18(2	18(2	NUM
eistud-16191	270	5	)	)	PUNCT
eistud-16191	270	6	,	,	PUNCT
eistud-16191	270	7	87–106	87–106	PROPN
eistud-16191	270	8	.	.	PUNCT
eistud-16191	271	1	http://dx.doi.org/10.1111/j.1467–8683.2010.00791.x	http://dx.doi.org/10.1111/j.1467–8683.2010.00791.x	PROPN
eistud-16191	271	2	rode	ride	VERB
eistud-16191	271	3	,	,	PUNCT
eistud-16191	271	4	o.	o.	PROPN
eistud-16191	271	5	(	(	PUNCT
eistud-16191	271	6	2009	2009	NUM
eistud-16191	271	7	)	)	PUNCT
eistud-16191	271	8	.	.	PUNCT
eistud-16191	272	1	der	der	PROPN
eistud-16191	272	2	deutsche	deutsche	PROPN
eistud-16191	272	3	corporate	corporate	ADJ
eistud-16191	272	4	–	–	PUNCT
eistud-16191	272	5	gover­	gover­	NOUN
eistud-16191	272	6	nance	nance	NOUN
eistud-16191	272	7	–	–	PUNCT
eistud-16191	272	8	kodex	kodex	NOUN
eistud-16191	272	9	:	:	PUNCT
eistud-16191	272	10	funktionen	funktionen	PROPN
eistud-16191	272	11	und	und	PROPN
eistud-16191	272	12	durchsetzungsmecha­	durchsetzungsmecha­	PROPN
eistud-16191	272	13	nismen	nisman	NOUN
eistud-16191	273	1	i	i	PRON
eistud-16191	273	2	m	m	VERB
eistud-16191	273	3	vergleich	vergleich	ADJ
eistud-16191	273	4	zum	zum	PROPN
eistud-16191	273	5	britischen	britischen	PROPN
eistud-16191	273	6	combined	combined	PROPN
eistud-16191	273	7	code	code	PROPN
eistud-16191	273	8	.	.	PUNCT
eistud-16191	274	1	frankfurt	frankfurt	PROPN
eistud-16191	274	2	:	:	PUNCT
eistud-16191	274	3	lang	lang	PROPN
eistud-16191	274	4	.	.	PROPN
eistud-16191	274	5	rose	rise	VERB
eistud-16191	274	6	,	,	PUNCT
eistud-16191	274	7	c.	c.	NOUN
eistud-16191	274	8	(	(	PUNCT
eistud-16191	274	9	2016	2016	NUM
eistud-16191	274	10	)	)	PUNCT
eistud-16191	274	11	.	.	PUNCT
eistud-16191	275	1	firm	firm	ADJ
eistud-16191	275	2	performance	performance	NOUN
eistud-16191	275	3	and	and	CCONJ
eistud-16191	275	4	comply	comply	VERB
eistud-16191	275	5	or	or	CCONJ
eistud-16191	275	6	explain	explain	VERB
eistud-16191	275	7	disclosure	disclosure	NOUN
eistud-16191	275	8	in	in	ADP
eistud-16191	275	9	corporate	corporate	ADJ
eistud-16191	275	10	governance	governance	NOUN
eistud-16191	275	11	.	.	PUNCT
eistud-16191	276	1	euro­	euro­	PROPN
eistud-16191	276	2	pean	pean	ADJ
eistud-16191	276	3	management	management	NOUN
eistud-16191	276	4	journal	journal	NOUN
eistud-16191	276	5	,	,	PUNCT
eistud-16191	276	6	34(3	34(3	NUM
eistud-16191	276	7	)	)	PUNCT
eistud-16191	276	8	,	,	PUNCT
eistud-16191	276	9	202–222	202–222	NUM
eistud-16191	276	10	http://dx.doi.org/10.1016/j.emj.2016.03.003	http://dx.doi.org/10.1016/j.emj.2016.03.003	NOUN
eistud-16191	276	11	european	european	ADJ
eistud-16191	276	12	integrat	integrat	NOUN
eistud-16191	276	13	ion	ion	NOUN
eistud-16191	276	14	studies	study	NOUN
eistud-16191	276	15	2016/10	2016/10	NUM
eistud-16191	276	16	144	144	NUM
eistud-16191	276	17	spedding	spedding	NOUN
eistud-16191	276	18	,	,	PUNCT
eistud-16191	276	19	l.	l.	PROPN
eistud-16191	276	20	s.	s.	PROPN
eistud-16191	276	21	(	(	PUNCT
eistud-16191	276	22	2009	2009	NUM
eistud-16191	276	23	)	)	PUNCT
eistud-16191	276	24	.	.	PUNCT
eistud-16191	277	1	the	the	DET
eistud-16191	277	2	due	due	ADJ
eistud-16191	277	3	diligence	diligence	NOUN
eistud-16191	277	4	handbook	handbook	NOUN
eistud-16191	277	5	:	:	PUNCT
eistud-16191	277	6	corporate	corporate	ADJ
eistud-16191	277	7	governance	governance	NOUN
eistud-16191	277	8	,	,	PUNCT
eistud-16191	277	9	risk	risk	NOUN
eistud-16191	277	10	management	management	NOUN
eistud-16191	277	11	and	and	CCONJ
eistud-16191	277	12	busi­	busi­	PROPN
eistud-16191	277	13	ness	ness	ADJ
eistud-16191	277	14	planning	planning	NOUN
eistud-16191	277	15	,	,	PUNCT
eistud-16191	277	16	burlington	burlington	PROPN
eistud-16191	277	17	:	:	PUNCT
eistud-16191	277	18	cima	cima	PROPN
eistud-16191	277	19	publishing	publishing	PROPN
eistud-16191	277	20	.	.	PUNCT
eistud-16191	278	1	spira	spira	PROPN
eistud-16191	278	2	,	,	PUNCT
eistud-16191	278	3	l.	l.	PROPN
eistud-16191	278	4	(	(	PUNCT
eistud-16191	278	5	2002	2002	NUM
eistud-16191	278	6	)	)	PUNCT
eistud-16191	278	7	.	.	PUNCT
eistud-16191	279	1	the	the	DET
eistud-16191	279	2	audit	audit	NOUN
eistud-16191	279	3	committee	committee	NOUN
eistud-16191	279	4	:	:	PUNCT
eistud-16191	279	5	performing	perform	VERB
eistud-16191	279	6	corporate	corporate	ADJ
eistud-16191	279	7	governance	governance	NOUN
eistud-16191	279	8	.	.	PUNCT
eistud-16191	280	1	new	new	PROPN
eistud-16191	280	2	york	york	PROPN
eistud-16191	280	3	:	:	PUNCT
eistud-16191	281	1	kluwer	kluwer	PROPN
eistud-16191	281	2	.	.	PUNCT
eistud-16191	281	3	stiglbauer	stiglbauer	PROPN
eistud-16191	281	4	,	,	PUNCT
eistud-16191	281	5	m.	m.	NOUN
eistud-16191	281	6	(	(	PUNCT
eistud-16191	281	7	2010	2010	NUM
eistud-16191	281	8	):	):	PUNCT
eistud-16191	281	9	corporate	corporate	ADJ
eistud-16191	281	10	governance	governance	NOUN
eistud-16191	281	11	berichterstattung	berichterstattung	NOUN
eistud-16191	281	12	und	und	PROPN
eistud-16191	281	13	unternehmenserfolg	unternehmenserfolg	NOUN
eistud-16191	281	14	:	:	PUNCT
eistud-16191	281	15	eine	eine	PROPN
eistud-16191	281	16	empirische	empirische	PROPN
eistud-16191	281	17	untersuchung	untersuchung	PROPN
eistud-16191	281	18	für	für	PROPN
eistud-16191	281	19	den	den	PROPN
eistud-16191	281	20	deutschen	deutschen	PROPN
eistud-16191	281	21	ak­	ak­	PROPN
eistud-16191	281	22	tienmarkt	tienmarkt	PROPN
eistud-16191	281	23	.	.	PUNCT
eistud-16191	282	1	wiesbaden	wiesbaden	PROPN
eistud-16191	282	2	:	:	PUNCT
eistud-16191	282	3	springer	springer	NOUN
eistud-16191	282	4	gabler	gabler	PROPN
eistud-16191	282	5	.	.	PUNCT
eistud-16191	283	1	http://dx.doi.org/10.1007/978–3–8349–8629–0	http://dx.doi.org/10.1007/978–3–8349–8629–0	PROPN
eistud-16191	283	2	sun	sun	PROPN
eistud-16191	283	3	,	,	PUNCT
eistud-16191	283	4	w.	w.	PROPN
eistud-16191	283	5	,	,	PUNCT
eistud-16191	283	6	stewart	stewart	PROPN
eistud-16191	283	7	,	,	PUNCT
eistud-16191	283	8	j.	j.	PROPN
eistud-16191	283	9	,	,	PUNCT
eistud-16191	283	10	&	&	CCONJ
eistud-16191	283	11	pollard	pollard	PROPN
eistud-16191	283	12	,	,	PUNCT
eistud-16191	283	13	d.	d.	PROPN
eistud-16191	283	14	(	(	PUNCT
eistud-16191	283	15	2011	2011	NUM
eistud-16191	283	16	)	)	PUNCT
eistud-16191	283	17	.	.	PUNCT
eistud-16191	284	1	introduc­	introduc­	ADP
eistud-16191	284	2	tion	tion	NOUN
eistud-16191	284	3	:	:	PUNCT
eistud-16191	284	4	rethinking	rethink	VERB
eistud-16191	284	5	corporate	corporate	ADJ
eistud-16191	284	6	governance	governance	NOUN
eistud-16191	284	7	–	–	PUNCT
eistud-16191	284	8	lessons	lesson	NOUN
eistud-16191	284	9	from	from	ADP
eistud-16191	284	10	the	the	DET
eistud-16191	284	11	global	global	ADJ
eistud-16191	284	12	financial	financial	ADJ
eistud-16191	284	13	crisis	crisis	NOUN
eistud-16191	284	14	.	.	PUNCT
eistud-16191	285	1	in	in	ADP
eistud-16191	285	2	w.	w.	PROPN
eistud-16191	285	3	sun	sun	PROPN
eistud-16191	285	4	,	,	PUNCT
eistud-16191	285	5	j.	j.	PROPN
eistud-16191	285	6	stewart	stewart	PROPN
eistud-16191	285	7	&	&	CCONJ
eistud-16191	285	8	d.	d.	PROPN
eistud-16191	285	9	pollard	pollard	PROPN
eistud-16191	285	10	(	(	PUNCT
eistud-16191	285	11	eds	eds	PROPN
eistud-16191	285	12	.	.	PUNCT
eistud-16191	285	13	)	)	PUNCT
eistud-16191	285	14	,	,	PUNCT
eistud-16191	285	15	corporate	corporate	ADJ
eistud-16191	285	16	governance	governance	NOUN
eistud-16191	285	17	and	and	CCONJ
eistud-16191	285	18	the	the	DET
eistud-16191	285	19	global	global	ADJ
eistud-16191	285	20	financial	financial	ADJ
eistud-16191	285	21	crisis	crisis	NOUN
eistud-16191	285	22	:	:	PUNCT
eistud-16191	285	23	international	international	ADJ
eistud-16191	285	24	perspectives	perspective	NOUN
eistud-16191	285	25	(	(	PUNCT
eistud-16191	285	26	pp	pp	ADJ
eistud-16191	285	27	.	.	PUNCT
eistud-16191	285	28	1–22	1–22	PROPN
eistud-16191	285	29	)	)	PUNCT
eistud-16191	285	30	.	.	PUNCT
eistud-16191	286	1	cambridge	cambridge	PROPN
eistud-16191	286	2	:	:	PUNCT
eistud-16191	286	3	cambridge	cambridge	PROPN
eistud-16191	286	4	university	university	PROPN
eistud-16191	286	5	press	press	NOUN
eistud-16191	286	6	.	.	PUNCT
eistud-16191	287	1	http://dx.doi.org/10.1017/cbo9780511736599.001	http://dx.doi.org/10.1017/cbo9780511736599.001	PROPN
eistud-16191	288	1	van	van	PROPN
eistud-16191	288	2	den	den	PROPN
eistud-16191	288	3	berghe	berghe	NOUN
eistud-16191	288	4	,	,	PUNCT
eistud-16191	288	5	l.	l.	PROPN
eistud-16191	288	6	(	(	PUNCT
eistud-16191	288	7	1999	1999	NUM
eistud-16191	288	8	)	)	PUNCT
eistud-16191	288	9	.	.	PUNCT
eistud-16191	289	1	international	international	ADJ
eistud-16191	289	2	standardisa­	standardisa­	PROPN
eistud-16191	289	3	tion	tion	NOUN
eistud-16191	289	4	of	of	ADP
eistud-16191	289	5	good	good	ADJ
eistud-16191	289	6	corporate	corporate	ADJ
eistud-16191	289	7	governance	governance	NOUN
eistud-16191	289	8	.	.	PUNCT
eistud-16191	290	1	new	new	PROPN
eistud-16191	290	2	york	york	PROPN
eistud-16191	290	3	:	:	PUNCT
eistud-16191	290	4	spring­	spring­	PROPN
eistud-16191	290	5	er	er	INTJ
eistud-16191	290	6	.	.	PUNCT
eistud-16191	290	7	http://dx.doi.org/10.1007/978–1–4615–5185–0	http://dx.doi.org/10.1007/978–1–4615–5185–0	PROPN
eistud-16191	290	8	wouters	wouter	NOUN
eistud-16191	290	9	,	,	PUNCT
eistud-16191	290	10	j.	j.	PROPN
eistud-16191	290	11	&	&	CCONJ
eistud-16191	290	12	ryngaert	ryngaert	PROPN
eistud-16191	290	13	,	,	PUNCT
eistud-16191	290	14	c.	c.	PROPN
eistud-16191	290	15	(	(	PUNCT
eistud-16191	290	16	2005	2005	NUM
eistud-16191	290	17	)	)	PUNCT
eistud-16191	290	18	.	.	PUNCT
eistud-16191	291	1	good	good	ADJ
eistud-16191	291	2	gover­	gover­	PROPN
eistud-16191	291	3	nance	nance	NOUN
eistud-16191	291	4	:	:	PUNCT
eistud-16191	291	5	lessons	lesson	NOUN
eistud-16191	291	6	from	from	ADP
eistud-16191	291	7	international	international	ADJ
eistud-16191	291	8	organizations	organization	NOUN
eistud-16191	291	9	’	'	PUNCT
eistud-16191	291	10	.	.	PUNCT
eistud-16191	292	1	in	in	ADP
eistud-16191	292	2	d.	d.	PROPN
eistud-16191	292	3	curtin	curtin	PROPN
eistud-16191	292	4	&	&	CCONJ
eistud-16191	292	5	r.	r.	PROPN
eistud-16191	292	6	a.	a.	PROPN
eistud-16191	292	7	wessel	wessel	PROPN
eistud-16191	292	8	(	(	PUNCT
eistud-16191	292	9	eds	eds	PROPN
eistud-16191	292	10	.	.	PUNCT
eistud-16191	292	11	)	)	PUNCT
eistud-16191	292	12	,	,	PUNCT
eistud-16191	292	13	good	good	ADJ
eistud-16191	292	14	governance	governance	NOUN
eistud-16191	292	15	and	and	CCONJ
eistud-16191	292	16	the	the	DET
eistud-16191	292	17	european	european	PROPN
eistud-16191	292	18	union	union	PROPN
eistud-16191	292	19	:	:	PUNCT
eistud-16191	292	20	reflections	reflection	NOUN
eistud-16191	292	21	on	on	ADP
eistud-16191	292	22	concepts	concept	NOUN
eistud-16191	292	23	(	(	PUNCT
eistud-16191	292	24	pp	pp	ADJ
eistud-16191	292	25	.	.	PUNCT
eistud-16191	292	26	69–102	69–102	NUM
eistud-16191	292	27	)	)	PUNCT
eistud-16191	292	28	.	.	PUNCT
eistud-16191	293	1	antwerp	antwerp	PROPN
eistud-16191	293	2	:	:	PUNCT
eistud-16191	293	3	intersentia	intersentia	PROPN
eistud-16191	293	4	.	.	PUNCT
eistud-16191	294	1	zarbafi	zarbafi	PROPN
eistud-16191	294	2	,	,	PUNCT
eistud-16191	294	3	e.	e.	PROPN
eistud-16191	294	4	m.	m.	PROPN
eistud-16191	294	5	(	(	PUNCT
eistud-16191	294	6	2011	2011	NUM
eistud-16191	294	7	)	)	PUNCT
eistud-16191	294	8	.	.	PUNCT
eistud-16191	295	1	responsible	responsible	ADJ
eistud-16191	295	2	investment	investment	NOUN
eistud-16191	295	3	and	and	CCONJ
eistud-16191	295	4	the	the	DET
eistud-16191	295	5	claim	claim	NOUN
eistud-16191	295	6	of	of	ADP
eistud-16191	295	7	corporate	corporate	ADJ
eistud-16191	295	8	change	change	NOUN
eistud-16191	295	9	:	:	PUNCT
eistud-16191	295	10	a	a	DET
eistud-16191	295	11	sensemaking	sensemaking	NOUN
eistud-16191	295	12	perspective	perspective	NOUN
eistud-16191	295	13	.	.	PUNCT
eistud-16191	296	1	wiesbaden	wiesbaden	PROPN
eistud-16191	296	2	:	:	PUNCT
eistud-16191	296	3	springer	springer	NOUN
eistud-16191	296	4	http://dx.doi.org/10.1007/978–3–8349–6202–7	http://dx.doi.org/10.1007/978–3–8349–6202–7	NOUN
eistud-16191	296	5	about	about	ADP
eistud-16191	296	6	the	the	DET
eistud-16191	296	7	author	author	NOUN
eistud-16191	296	8	knut	knut	PROPN
eistud-16191	296	9	michelberger	michelberger	PROPN
eistud-16191	296	10	dipl	dipl	PROPN
eistud-16191	296	11	.	.	PUNCT
eistud-16191	297	1	ökonom	ökonom	PROPN
eistud-16191	297	2	,	,	PUNCT
eistud-16191	297	3	dipl	dipl	PROPN
eistud-16191	297	4	.	.	PUNCT
eistud-16191	298	1	ing	ing	PROPN
eistud-16191	298	2	.	.	PUNCT
eistud-16191	299	1	university	university	PROPN
eistud-16191	299	2	of	of	ADP
eistud-16191	299	3	latvia	latvia	PROPN
eistud-16191	299	4	,	,	PUNCT
eistud-16191	299	5	faculty	faculty	NOUN
eistud-16191	299	6	of	of	ADP
eistud-16191	299	7	economics	economic	NOUN
eistud-16191	299	8	and	and	CCONJ
eistud-16191	299	9	management	management	NOUN
eistud-16191	299	10	,	,	PUNCT
eistud-16191	299	11	department	department	NOUN
eistud-16191	299	12	of	of	ADP
eistud-16191	299	13	international	international	ADJ
eistud-16191	299	14	economics	economic	NOUN
eistud-16191	299	15	and	and	CCONJ
eistud-16191	299	16	business	business	NOUN
eistud-16191	299	17	fields	field	NOUN
eistud-16191	299	18	of	of	ADP
eistud-16191	299	19	research	research	NOUN
eistud-16191	299	20	interests	interest	NOUN
eistud-16191	299	21	corporate	corporate	ADJ
eistud-16191	299	22	governance	governance	NOUN
eistud-16191	299	23	address	address	NOUN
eistud-16191	299	24	aspazijas	aspazijas	PROPN
eistud-16191	299	25	blvd	blvd	NOUN
eistud-16191	299	26	.	.	PUNCT
eistud-16191	300	1	5	5	NUM
eistud-16191	300	2	,	,	PUNCT
eistud-16191	300	3	riga	riga	ADJ
eistud-16191	300	4	,	,	PUNCT
eistud-16191	300	5	latvia	latvia	PROPN
eistud-16191	300	6	tel	tel	PROPN
eistud-16191	300	7	.	.	PUNCT
eistud-16191	301	1	+41	+41	NOUN
eistud-16191	301	2	162	162	NUM
eistud-16191	301	3	2681417	2681417	NUM
eistud-16191	301	4	e	e	NOUN
eistud-16191	301	5	–	–	PUNCT
eistud-16191	301	6	mail	mail	NOUN
eistud-16191	301	7	:	:	PUNCT
eistud-16191	301	8	knut.michelberger@kmgib.com	knut.michelberger@kmgib.com	X