id	sid	tid	token	lemma	pos
eistud-21731	1	1	european	european	ADJ
eistud-21731	1	2	integrat	integrat	NOUN
eistud-21731	1	3	ion	ion	NOUN
eistud-21731	1	4	studies	study	NOUN
eistud-21731	1	5	2018/12	2018/12	PROPN
eistud-21731	1	6	64	64	NUM
eistud-21731	1	7	submitted	submit	VERB
eistud-21731	1	8	04/2018	04/2018	NOUN
eistud-21731	1	9	accepted	accept	VERB
eistud-21731	1	10	for	for	ADP
eistud-21731	1	11	publication	publication	NOUN
eistud-21731	1	12	09/2018	09/2018	NUM
eistud-21731	1	13	european	european	ADJ
eistud-21731	1	14	integration	integration	NOUN
eistud-21731	1	15	studies	study	NOUN
eistud-21731	1	16	no	no	INTJ
eistud-21731	1	17	.	.	NOUN
eistud-21731	1	18	12	12	NUM
eistud-21731	1	19	/	/	SYM
eistud-21731	1	20	2018	2018	NUM
eistud-21731	1	21	pp	pp	ADP
eistud-21731	1	22	.	.	PUNCT
eistud-21731	2	1	64	64	NUM
eistud-21731	2	2	-	-	SYM
eistud-21731	2	3	76	76	NUM
eistud-21731	2	4	doi	doi	NOUN
eistud-21731	2	5	10.5755	10.5755	NUM
eistud-21731	2	6	/	/	SYM
eistud-21731	2	7	j01.eis.0.12.21731	j01.eis.0.12.21731	NOUN
eistud-21731	2	8	the	the	DET
eistud-21731	2	9	evaluation	evaluation	NOUN
eistud-21731	2	10	of	of	ADP
eistud-21731	2	11	impact	impact	NOUN
eistud-21731	2	12	of	of	ADP
eistud-21731	2	13	mergers	merger	NOUN
eistud-21731	2	14	on	on	ADP
eistud-21731	2	15	the	the	DET
eistud-21731	2	16	market	market	NOUN
eistud-21731	2	17	economic	economic	ADJ
eistud-21731	2	18	activity	activity	NOUN
eistud-21731	2	19	:	:	PUNCT
eistud-21731	2	20	the	the	DET
eistud-21731	2	21	case	case	NOUN
eistud-21731	2	22	of	of	ADP
eistud-21731	2	23	lithuanian	lithuanian	ADJ
eistud-21731	2	24	telecommunication	telecommunication	NOUN
eistud-21731	2	25	sector	sector	NOUN
eistud-21731	2	26	eis	eis	PROPN
eistud-21731	2	27	12/2018	12/2018	NUM
eistud-21731	2	28	the	the	DET
eistud-21731	2	29	evaluation	evaluation	NOUN
eistud-21731	2	30	of	of	ADP
eistud-21731	2	31	impact	impact	NOUN
eistud-21731	2	32	of	of	ADP
eistud-21731	2	33	mergers	merger	NOUN
eistud-21731	2	34	on	on	ADP
eistud-21731	2	35	the	the	DET
eistud-21731	2	36	market	market	NOUN
eistud-21731	2	37	economic	economic	ADJ
eistud-21731	2	38	activity	activity	NOUN
eistud-21731	2	39	:	:	PUNCT
eistud-21731	2	40	the	the	DET
eistud-21731	2	41	case	case	NOUN
eistud-21731	2	42	of	of	ADP
eistud-21731	2	43	lithuanian	lithuanian	ADJ
eistud-21731	2	44	telecommunication	telecommunication	NOUN
eistud-21731	2	45	sector	sector	NOUN
eistud-21731	2	46	http://dx.doi.org/10.5755/j01.eis.0.12.21731	http://dx.doi.org/10.5755/j01.eis.0.12.21731	PROPN
eistud-21731	2	47	jurgita	jurgita	PROPN
eistud-21731	2	48	bruneckienė	bruneckienė	PROPN
eistud-21731	2	49	,	,	PUNCT
eistud-21731	2	50	jonas	jonas	PROPN
eistud-21731	2	51	rapsikevičius	rapsikevičius	PROPN
eistud-21731	2	52	kaunas	kaunas	PROPN
eistud-21731	2	53	university	university	PROPN
eistud-21731	2	54	of	of	ADP
eistud-21731	2	55	technology	technology	PROPN
eistud-21731	2	56	,	,	PUNCT
eistud-21731	2	57	k.	k.	PROPN
eistud-21731	2	58	donelaicio	donelaicio	PROPN
eistud-21731	2	59	str	str	PROPN
eistud-21731	2	60	.	.	PUNCT
eistud-21731	3	1	73	73	NUM
eistud-21731	3	2	,	,	PUNCT
eistud-21731	3	3	kaunas	kaunas	PROPN
eistud-21731	3	4	,	,	PUNCT
eistud-21731	3	5	lithuania	lithuania	PROPN
eistud-21731	3	6	this	this	DET
eistud-21731	3	7	paper	paper	NOUN
eistud-21731	3	8	focuses	focus	VERB
eistud-21731	3	9	on	on	ADP
eistud-21731	3	10	the	the	DET
eistud-21731	3	11	merger	merger	NOUN
eistud-21731	3	12	and	and	CCONJ
eistud-21731	3	13	acquisitions	acquisition	NOUN
eistud-21731	3	14	valuation	valuation	NOUN
eistud-21731	3	15	,	,	PUNCT
eistud-21731	3	16	the	the	DET
eistud-21731	3	17	research	research	NOUN
eistud-21731	3	18	aims	aim	VERB
eistud-21731	3	19	to	to	PART
eistud-21731	3	20	evaluate	evaluate	VERB
eistud-21731	3	21	it	it	PRON
eistud-21731	3	22	’s	’s	PART
eistud-21731	3	23	impact	impact	NOUN
eistud-21731	3	24	on	on	ADP
eistud-21731	3	25	the	the	DET
eistud-21731	3	26	market	market	NOUN
eistud-21731	3	27	economic	economic	ADJ
eistud-21731	3	28	activity	activity	NOUN
eistud-21731	3	29	.	.	PUNCT
eistud-21731	4	1	the	the	DET
eistud-21731	4	2	research	research	NOUN
eistud-21731	4	3	problem	problem	NOUN
eistud-21731	4	4	lays	lay	VERB
eistud-21731	4	5	upon	upon	SCONJ
eistud-21731	4	6	inconsistent	inconsistent	ADJ
eistud-21731	4	7	valuation	valuation	NOUN
eistud-21731	4	8	methodology	methodology	NOUN
eistud-21731	4	9	of	of	ADP
eistud-21731	4	10	different	different	ADJ
eistud-21731	4	11	economic	economic	ADJ
eistud-21731	4	12	subjects	subject	NOUN
eistud-21731	4	13	in	in	ADP
eistud-21731	4	14	these	these	DET
eistud-21731	4	15	processes	process	NOUN
eistud-21731	4	16	and	and	CCONJ
eistud-21731	4	17	the	the	DET
eistud-21731	4	18	calibration	calibration	NOUN
eistud-21731	4	19	of	of	ADP
eistud-21731	4	20	complex	complex	ADJ
eistud-21731	4	21	valuation	valuation	NOUN
eistud-21731	4	22	methodology	methodology	NOUN
eistud-21731	4	23	.	.	PUNCT
eistud-21731	5	1	many	many	ADJ
eistud-21731	5	2	researchers	researcher	NOUN
eistud-21731	5	3	approach	approach	VERB
eistud-21731	5	4	the	the	DET
eistud-21731	5	5	evaluation	evaluation	NOUN
eistud-21731	5	6	of	of	ADP
eistud-21731	5	7	impact	impact	NOUN
eistud-21731	5	8	on	on	ADP
eistud-21731	5	9	the	the	DET
eistud-21731	5	10	economic	economic	ADJ
eistud-21731	5	11	activity	activity	NOUN
eistud-21731	5	12	only	only	ADV
eistud-21731	5	13	by	by	ADP
eistud-21731	5	14	narrowing	narrow	VERB
eistud-21731	5	15	the	the	DET
eistud-21731	5	16	valuation	valuation	NOUN
eistud-21731	5	17	object	object	NOUN
eistud-21731	5	18	by	by	ADP
eistud-21731	5	19	the	the	DET
eistud-21731	5	20	firm	firm	NOUN
eistud-21731	5	21	,	,	PUNCT
eistud-21731	5	22	market	market	NOUN
eistud-21731	5	23	or	or	CCONJ
eistud-21731	5	24	competitors	competitor	NOUN
eistud-21731	5	25	,	,	PUNCT
eistud-21731	5	26	consumer	consumer	NOUN
eistud-21731	5	27	and	and	CCONJ
eistud-21731	5	28	state	state	NOUN
eistud-21731	5	29	.	.	PUNCT
eistud-21731	6	1	the	the	DET
eistud-21731	6	2	aim	aim	NOUN
eistud-21731	6	3	of	of	ADP
eistud-21731	6	4	this	this	DET
eistud-21731	6	5	paper	paper	NOUN
eistud-21731	6	6	is	be	AUX
eistud-21731	6	7	to	to	PART
eistud-21731	6	8	show	show	VERB
eistud-21731	6	9	that	that	SCONJ
eistud-21731	6	10	mergers	merger	NOUN
eistud-21731	6	11	and	and	CCONJ
eistud-21731	6	12	acquisitions	acquisition	NOUN
eistud-21731	6	13	should	should	AUX
eistud-21731	6	14	not	not	PART
eistud-21731	6	15	be	be	AUX
eistud-21731	6	16	evaluated	evaluate	VERB
eistud-21731	6	17	from	from	ADP
eistud-21731	6	18	only	only	ADV
eistud-21731	6	19	one	one	NUM
eistud-21731	6	20	point	point	NOUN
eistud-21731	6	21	of	of	ADP
eistud-21731	6	22	view	view	NOUN
eistud-21731	6	23	because	because	SCONJ
eistud-21731	6	24	while	while	SCONJ
eistud-21731	6	25	one	one	NUM
eistud-21731	6	26	perspective	perspective	NOUN
eistud-21731	6	27	gives	give	VERB
eistud-21731	6	28	a	a	DET
eistud-21731	6	29	positive	positive	ADJ
eistud-21731	6	30	economic	economic	ADJ
eistud-21731	6	31	effect	effect	NOUN
eistud-21731	6	32	on	on	ADP
eistud-21731	6	33	the	the	DET
eistud-21731	6	34	economic	economic	ADJ
eistud-21731	6	35	activity	activity	NOUN
eistud-21731	6	36	,	,	PUNCT
eistud-21731	6	37	the	the	DET
eistud-21731	6	38	other	other	ADJ
eistud-21731	6	39	perspective	perspective	NOUN
eistud-21731	6	40	could	could	AUX
eistud-21731	6	41	show	show	VERB
eistud-21731	6	42	a	a	DET
eistud-21731	6	43	negative	negative	ADJ
eistud-21731	6	44	effect	effect	NOUN
eistud-21731	6	45	.	.	PUNCT
eistud-21731	7	1	a	a	DET
eistud-21731	7	2	valuation	valuation	NOUN
eistud-21731	7	3	from	from	ADP
eistud-21731	7	4	only	only	ADV
eistud-21731	7	5	one	one	NUM
eistud-21731	7	6	perspective	perspective	NOUN
eistud-21731	7	7	could	could	AUX
eistud-21731	7	8	result	result	VERB
eistud-21731	7	9	in	in	ADP
eistud-21731	7	10	a	a	DET
eistud-21731	7	11	misleading	misleading	ADJ
eistud-21731	7	12	understanding	understanding	NOUN
eistud-21731	7	13	of	of	ADP
eistud-21731	7	14	mergers	merger	NOUN
eistud-21731	7	15	and	and	CCONJ
eistud-21731	7	16	acquisitions	acquisition	NOUN
eistud-21731	7	17	processes	process	NOUN
eistud-21731	7	18	in	in	ADP
eistud-21731	7	19	the	the	DET
eistud-21731	7	20	market	market	NOUN
eistud-21731	7	21	economic	economic	ADJ
eistud-21731	7	22	activity	activity	NOUN
eistud-21731	7	23	.	.	PUNCT
eistud-21731	8	1	therefore	therefore	ADV
eistud-21731	8	2	a	a	DET
eistud-21731	8	3	valuation	valuation	NOUN
eistud-21731	8	4	towards	towards	ADP
eistud-21731	8	5	mergers	merger	NOUN
eistud-21731	8	6	and	and	CCONJ
eistud-21731	8	7	acquisitions	acquisition	NOUN
eistud-21731	8	8	should	should	AUX
eistud-21731	8	9	be	be	AUX
eistud-21731	8	10	constructed	construct	VERB
eistud-21731	8	11	from	from	ADP
eistud-21731	8	12	separate	separate	ADJ
eistud-21731	8	13	valuations	valuation	NOUN
eistud-21731	8	14	angles	angle	NOUN
eistud-21731	8	15	in	in	ADP
eistud-21731	8	16	the	the	DET
eistud-21731	8	17	economic	economic	ADJ
eistud-21731	8	18	system	system	NOUN
eistud-21731	8	19	.	.	PUNCT
eistud-21731	9	1	a	a	DET
eistud-21731	9	2	practical	practical	ADJ
eistud-21731	9	3	case	case	NOUN
eistud-21731	9	4	study	study	NOUN
eistud-21731	9	5	with	with	ADP
eistud-21731	9	6	a	a	DET
eistud-21731	9	7	designed	design	VERB
eistud-21731	9	8	research	research	NOUN
eistud-21731	9	9	model	model	NOUN
eistud-21731	9	10	is	be	AUX
eistud-21731	9	11	carried	carry	VERB
eistud-21731	9	12	out	out	ADP
eistud-21731	9	13	to	to	PART
eistud-21731	9	14	show	show	VERB
eistud-21731	9	15	the	the	DET
eistud-21731	9	16	outcomes	outcome	NOUN
eistud-21731	9	17	of	of	ADP
eistud-21731	9	18	the	the	DET
eistud-21731	9	19	process	process	NOUN
eistud-21731	9	20	by	by	ADP
eistud-21731	9	21	the	the	DET
eistud-21731	9	22	different	different	ADJ
eistud-21731	9	23	participants	participant	NOUN
eistud-21731	9	24	(	(	PUNCT
eistud-21731	9	25	firm	firm	ADJ
eistud-21731	9	26	;	;	PUNCT
eistud-21731	9	27	market	market	NOUN
eistud-21731	9	28	and	and	CCONJ
eistud-21731	9	29	competitors	competitor	NOUN
eistud-21731	9	30	;	;	PUNCT
eistud-21731	9	31	consumers	consumer	NOUN
eistud-21731	9	32	;	;	PUNCT
eistud-21731	9	33	government	government	NOUN
eistud-21731	9	34	)	)	PUNCT
eistud-21731	9	35	of	of	ADP
eistud-21731	9	36	the	the	DET
eistud-21731	9	37	economic	economic	ADJ
eistud-21731	9	38	system	system	NOUN
eistud-21731	9	39	.	.	PUNCT
eistud-21731	10	1	the	the	DET
eistud-21731	10	2	method	method	NOUN
eistud-21731	10	3	is	be	AUX
eistud-21731	10	4	constructed	construct	VERB
eistud-21731	10	5	of	of	ADP
eistud-21731	10	6	financial	financial	ADJ
eistud-21731	10	7	valuation	valuation	NOUN
eistud-21731	10	8	tools	tool	NOUN
eistud-21731	10	9	,	,	PUNCT
eistud-21731	10	10	economic	economic	ADJ
eistud-21731	10	11	indicators	indicator	NOUN
eistud-21731	10	12	,	,	PUNCT
eistud-21731	10	13	forecast	forecast	NOUN
eistud-21731	10	14	methods	method	NOUN
eistud-21731	10	15	and	and	CCONJ
eistud-21731	10	16	mathematical	mathematical	ADJ
eistud-21731	10	17	-	-	PUNCT
eistud-21731	10	18	statistical	statistical	ADJ
eistud-21731	10	19	calculations	calculation	NOUN
eistud-21731	10	20	.	.	PUNCT
eistud-21731	11	1	this	this	DET
eistud-21731	11	2	paper	paper	NOUN
eistud-21731	11	3	has	have	AUX
eistud-21731	11	4	shown	show	VERB
eistud-21731	11	5	that	that	SCONJ
eistud-21731	11	6	only	only	ADV
eistud-21731	11	7	a	a	DET
eistud-21731	11	8	case	case	NOUN
eistud-21731	11	9	study	study	NOUN
eistud-21731	11	10	analysis	analysis	NOUN
eistud-21731	11	11	could	could	AUX
eistud-21731	11	12	identify	identify	VERB
eistud-21731	11	13	the	the	DET
eistud-21731	11	14	real	real	ADJ
eistud-21731	11	15	effect	effect	NOUN
eistud-21731	11	16	of	of	ADP
eistud-21731	11	17	mergers	merger	NOUN
eistud-21731	11	18	and	and	CCONJ
eistud-21731	11	19	acquisitions	acquisition	NOUN
eistud-21731	11	20	to	to	ADP
eistud-21731	11	21	the	the	DET
eistud-21731	11	22	economic	economic	ADJ
eistud-21731	11	23	activity	activity	NOUN
eistud-21731	11	24	.	.	PUNCT
eistud-21731	12	1	also	also	ADV
eistud-21731	12	2	,	,	PUNCT
eistud-21731	12	3	the	the	DET
eistud-21731	12	4	paper	paper	NOUN
eistud-21731	12	5	suggests	suggest	VERB
eistud-21731	12	6	that	that	SCONJ
eistud-21731	12	7	there	there	PRON
eistud-21731	12	8	is	be	VERB
eistud-21731	12	9	a	a	DET
eistud-21731	12	10	difference	difference	NOUN
eistud-21731	12	11	between	between	ADP
eistud-21731	12	12	national	national	ADJ
eistud-21731	12	13	governments	government	NOUN
eistud-21731	12	14	and	and	CCONJ
eistud-21731	12	15	european	european	PROPN
eistud-21731	12	16	union	union	PROPN
eistud-21731	12	17	governance	governance	NOUN
eistud-21731	12	18	of	of	ADP
eistud-21731	12	19	these	these	DET
eistud-21731	12	20	processes	process	NOUN
eistud-21731	12	21	,	,	PUNCT
eistud-21731	12	22	therefore	therefore	ADV
eistud-21731	12	23	a	a	DET
eistud-21731	12	24	member	member	NOUN
eistud-21731	12	25	of	of	ADP
eistud-21731	12	26	the	the	DET
eistud-21731	12	27	union	union	NOUN
eistud-21731	12	28	should	should	AUX
eistud-21731	12	29	comply	comply	VERB
eistud-21731	12	30	with	with	ADP
eistud-21731	12	31	these	these	DET
eistud-21731	12	32	guidelines	guideline	NOUN
eistud-21731	12	33	and	and	CCONJ
eistud-21731	12	34	even	even	ADV
eistud-21731	12	35	transpose	transpose	VERB
eistud-21731	12	36	them	they	PRON
eistud-21731	12	37	into	into	ADP
eistud-21731	12	38	national	national	ADJ
eistud-21731	12	39	law	law	NOUN
eistud-21731	12	40	.	.	PUNCT
eistud-21731	13	1	keywords	keyword	NOUN
eistud-21731	13	2	:	:	PUNCT
eistud-21731	13	3	mergers	merger	NOUN
eistud-21731	13	4	and	and	CCONJ
eistud-21731	13	5	acquisitions	acquisition	NOUN
eistud-21731	13	6	,	,	PUNCT
eistud-21731	13	7	ex	ex	NOUN
eistud-21731	13	8	-	-	NOUN
eistud-21731	13	9	post	post	ADJ
eistud-21731	13	10	analysis	analysis	NOUN
eistud-21731	13	11	,	,	PUNCT
eistud-21731	13	12	economic	economic	ADJ
eistud-21731	13	13	activity	activity	NOUN
eistud-21731	13	14	and	and	CCONJ
eistud-21731	13	15	valuation	valuation	NOUN
eistud-21731	13	16	,	,	PUNCT
eistud-21731	13	17	synergy	synergy	NOUN
eistud-21731	13	18	,	,	PUNCT
eistud-21731	13	19	market	market	NOUN
eistud-21731	13	20	,	,	PUNCT
eistud-21731	13	21	competition	competition	NOUN
eistud-21731	13	22	.	.	PUNCT
eistud-21731	14	1	abstract	abstract	ADJ
eistud-21731	14	2	introduction	introduction	NOUN
eistud-21731	14	3	the	the	DET
eistud-21731	14	4	evaluation	evaluation	NOUN
eistud-21731	14	5	of	of	ADP
eistud-21731	14	6	mergers	merger	NOUN
eistud-21731	14	7	and	and	CCONJ
eistud-21731	14	8	acquisitions	acquisition	NOUN
eistud-21731	14	9	in	in	ADP
eistud-21731	14	10	today	today	NOUN
eistud-21731	14	11	’s	’s	PART
eistud-21731	14	12	economy	economy	NOUN
eistud-21731	14	13	became	become	VERB
eistud-21731	14	14	an	an	DET
eistud-21731	14	15	increasingly	increasingly	ADV
eistud-21731	14	16	important	important	ADJ
eistud-21731	14	17	subject	subject	NOUN
eistud-21731	14	18	in	in	ADP
eistud-21731	14	19	today	today	NOUN
eistud-21731	14	20	’s	’s	PART
eistud-21731	14	21	economy	economy	NOUN
eistud-21731	14	22	.	.	PUNCT
eistud-21731	15	1	first	first	ADV
eistud-21731	15	2	of	of	ADP
eistud-21731	15	3	all	all	DET
eistud-21731	15	4	empirical	empirical	ADJ
eistud-21731	15	5	findings	finding	NOUN
eistud-21731	15	6	by	by	ADP
eistud-21731	15	7	čiegis	čiegis	ADJ
eistud-21731	15	8	and	and	CCONJ
eistud-21731	15	9	adriuškevičius	adriuškevičius	PROPN
eistud-21731	15	10	(	(	PUNCT
eistud-21731	15	11	2016	2016	NUM
eistud-21731	15	12	)	)	PUNCT
eistud-21731	15	13	suggest	suggest	VERB
eistud-21731	15	14	that	that	SCONJ
eistud-21731	15	15	economic	economic	ADJ
eistud-21731	15	16	cycles	cycle	NOUN
eistud-21731	15	17	correlate	correlate	VERB
eistud-21731	15	18	with	with	ADP
eistud-21731	15	19	mergers	merger	NOUN
eistud-21731	15	20	and	and	CCONJ
eistud-21731	15	21	acquisitions	acquisition	NOUN
eistud-21731	15	22	transaction	transaction	NOUN
eistud-21731	15	23	values	value	NOUN
eistud-21731	15	24	.	.	PUNCT
eistud-21731	16	1	plus	plus	CCONJ
eistud-21731	16	2	jensen	jensen	PROPN
eistud-21731	16	3	(	(	PUNCT
eistud-21731	16	4	2010	2010	NUM
eistud-21731	16	5	)	)	PUNCT
eistud-21731	16	6	states	state	VERB
eistud-21731	16	7	that	that	SCONJ
eistud-21731	16	8	these	these	DET
eistud-21731	16	9	transactions	transaction	NOUN
eistud-21731	16	10	are	be	AUX
eistud-21731	16	11	a	a	DET
eistud-21731	16	12	proof	proof	NOUN
eistud-21731	16	13	of	of	ADP
eistud-21731	16	14	powerful	powerful	ADJ
eistud-21731	16	15	economic	economic	ADJ
eistud-21731	16	16	forces	force	NOUN
eistud-21731	16	17	of	of	ADP
eistud-21731	16	18	these	these	DET
eistud-21731	16	19	processes	process	NOUN
eistud-21731	16	20	,	,	PUNCT
eistud-21731	16	21	he	he	PRON
eistud-21731	16	22	also	also	ADV
eistud-21731	16	23	explains	explain	VERB
eistud-21731	16	24	that	that	SCONJ
eistud-21731	16	25	not	not	PART
eistud-21731	16	26	all	all	PRON
eistud-21731	16	27	of	of	ADP
eistud-21731	16	28	them	they	PRON
eistud-21731	16	29	are	be	AUX
eistud-21731	16	30	productive	productive	ADJ
eistud-21731	16	31	.	.	PUNCT
eistud-21731	17	1	the	the	DET
eistud-21731	17	2	economic	economic	ADJ
eistud-21731	17	3	theory	theory	NOUN
eistud-21731	17	4	clearly	clearly	ADV
eistud-21731	17	5	shows	show	VERB
eistud-21731	17	6	signs	sign	NOUN
eistud-21731	17	7	that	that	SCONJ
eistud-21731	17	8	these	these	DET
eistud-21731	17	9	processes	process	NOUN
eistud-21731	17	10	lead	lead	VERB
eistud-21731	17	11	to	to	ADP
eistud-21731	17	12	uncompetitive	uncompetitive	ADJ
eistud-21731	17	13	market	market	NOUN
eistud-21731	17	14	and	and	CCONJ
eistud-21731	17	15	price	price	NOUN
eistud-21731	17	16	changes	change	NOUN
eistud-21731	17	17	(	(	PUNCT
eistud-21731	17	18	farrell	farrell	PROPN
eistud-21731	17	19	and	and	CCONJ
eistud-21731	17	20	shapiro	shapiro	PROPN
eistud-21731	17	21	,	,	PUNCT
eistud-21731	17	22	2010	2010	NUM
eistud-21731	17	23	)	)	PUNCT
eistud-21731	17	24	.	.	PUNCT
eistud-21731	18	1	the	the	DET
eistud-21731	18	2	process	process	NOUN
eistud-21731	18	3	of	of	ADP
eistud-21731	18	4	these	these	DET
eistud-21731	18	5	strategic	strategic	ADJ
eistud-21731	18	6	alliances	alliance	NOUN
eistud-21731	18	7	has	have	AUX
eistud-21731	18	8	increased	increase	VERB
eistud-21731	18	9	exponentially	exponentially	ADV
eistud-21731	18	10	due	due	ADP
eistud-21731	18	11	to	to	ADP
eistud-21731	18	12	several	several	ADJ
eistud-21731	18	13	reasons	reason	NOUN
eistud-21731	18	14	:	:	PUNCT
eistud-21731	18	15	from	from	ADP
eistud-21731	18	16	one	one	NUM
eistud-21731	18	17	point	point	NOUN
eistud-21731	18	18	the	the	DET
eistud-21731	18	19	national	national	ADJ
eistud-21731	18	20	markets	market	NOUN
eistud-21731	18	21	have	have	AUX
eistud-21731	18	22	become	become	VERB
eistud-21731	18	23	more	more	ADV
eistud-21731	18	24	open	open	ADJ
eistud-21731	18	25	,	,	PUNCT
eistud-21731	18	26	also	also	ADV
eistud-21731	18	27	the	the	DET
eistud-21731	18	28	regional	regional	ADJ
eistud-21731	18	29	monopolies	monopoly	NOUN
eistud-21731	18	30	markets	market	NOUN
eistud-21731	18	31	have	have	AUX
eistud-21731	18	32	been	be	AUX
eistud-21731	18	33	transformed	transform	VERB
eistud-21731	18	34	into	into	ADP
eistud-21731	18	35	international	international	ADJ
eistud-21731	18	36	oligopolies	oligopoly	NOUN
eistud-21731	18	37	,	,	PUNCT
eistud-21731	18	38	plus	plus	CCONJ
eistud-21731	18	39	the	the	DET
eistud-21731	18	40	technological	technological	ADJ
eistud-21731	18	41	advance	advance	NOUN
eistud-21731	18	42	and	and	CCONJ
eistud-21731	18	43	productivity	productivity	NOUN
eistud-21731	18	44	have	have	AUX
eistud-21731	18	45	increased	increase	VERB
eistud-21731	18	46	from	from	ADP
eistud-21731	18	47	additional	additional	ADJ
eistud-21731	18	48	value	value	NOUN
eistud-21731	18	49	created	create	VERB
eistud-21731	18	50	from	from	ADP
eistud-21731	18	51	mergers	merger	NOUN
eistud-21731	18	52	and	and	CCONJ
eistud-21731	18	53	65	65	NUM
eistud-21731	18	54	european	european	ADJ
eistud-21731	18	55	integrat	integrat	NOUN
eistud-21731	18	56	ion	ion	NOUN
eistud-21731	18	57	studies	study	NOUN
eistud-21731	18	58	2018/12	2018/12	NUM
eistud-21731	18	59	acquisitions	acquisition	NOUN
eistud-21731	18	60	(	(	PUNCT
eistud-21731	18	61	warf	warf	NOUN
eistud-21731	18	62	,	,	PUNCT
eistud-21731	18	63	2003	2003	NUM
eistud-21731	18	64	;	;	PUNCT
eistud-21731	19	1	park	park	PROPN
eistud-21731	19	2	,	,	PUNCT
eistud-21731	19	3	yang	yang	PROPN
eistud-21731	19	4	,	,	PUNCT
eistud-21731	19	5	nam	nam	PROPN
eistud-21731	19	6	and	and	CCONJ
eistud-21731	19	7	ha	ha	INTJ
eistud-21731	19	8	,	,	PUNCT
eistud-21731	19	9	2002	2002	NUM
eistud-21731	19	10	;	;	PUNCT
eistud-21731	19	11	stephen	stephen	NOUN
eistud-21731	19	12	and	and	CCONJ
eistud-21731	19	13	gantumur	gantumur	ADJ
eistud-21731	19	14	,	,	PUNCT
eistud-21731	19	15	2011	2011	NUM
eistud-21731	19	16	)	)	PUNCT
eistud-21731	19	17	.	.	PUNCT
eistud-21731	20	1	besides	besides	SCONJ
eistud-21731	20	2	,	,	PUNCT
eistud-21731	20	3	the	the	DET
eistud-21731	20	4	net	net	ADJ
eistud-21731	20	5	value	value	NOUN
eistud-21731	20	6	of	of	ADP
eistud-21731	20	7	foreign	foreign	ADJ
eistud-21731	20	8	direct	direct	ADJ
eistud-21731	20	9	investments	investment	NOUN
eistud-21731	20	10	increases	increase	VERB
eistud-21731	20	11	from	from	ADP
eistud-21731	20	12	mergers	merger	NOUN
eistud-21731	20	13	and	and	CCONJ
eistud-21731	20	14	acquisitions	acquisition	NOUN
eistud-21731	20	15	according	accord	VERB
eistud-21731	20	16	to	to	ADP
eistud-21731	20	17	nocke	nocke	NOUN
eistud-21731	20	18	and	and	CCONJ
eistud-21731	20	19	yeaple	yeaple	PROPN
eistud-21731	20	20	(	(	PUNCT
eistud-21731	20	21	2006	2006	NUM
eistud-21731	20	22	)	)	PUNCT
eistud-21731	20	23	,	,	PUNCT
eistud-21731	20	24	moreover	moreover	ADV
eistud-21731	20	25	,	,	PUNCT
eistud-21731	20	26	jensen	jensen	PROPN
eistud-21731	20	27	(	(	PUNCT
eistud-21731	20	28	2010	2010	NUM
eistud-21731	20	29	)	)	PUNCT
eistud-21731	20	30	states	state	VERB
eistud-21731	20	31	that	that	SCONJ
eistud-21731	20	32	the	the	DET
eistud-21731	20	33	companies	company	NOUN
eistud-21731	20	34	involved	involve	VERB
eistud-21731	20	35	in	in	ADP
eistud-21731	20	36	m&a	m&a	PROPN
eistud-21731	20	37	activity	activity	NOUN
eistud-21731	20	38	are	be	AUX
eistud-21731	20	39	more	more	ADV
eistud-21731	20	40	attractive	attractive	ADJ
eistud-21731	20	41	to	to	ADP
eistud-21731	20	42	the	the	DET
eistud-21731	20	43	investors	investor	NOUN
eistud-21731	20	44	.	.	PUNCT
eistud-21731	21	1	the	the	DET
eistud-21731	21	2	firms	firm	NOUN
eistud-21731	21	3	more	more	ADV
eistud-21731	21	4	often	often	ADV
eistud-21731	21	5	use	use	VERB
eistud-21731	21	6	these	these	DET
eistud-21731	21	7	strategic	strategic	ADJ
eistud-21731	21	8	alliances	alliance	NOUN
eistud-21731	21	9	in	in	ADP
eistud-21731	21	10	order	order	NOUN
eistud-21731	21	11	to	to	PART
eistud-21731	21	12	acquire	acquire	VERB
eistud-21731	21	13	additional	additional	ADJ
eistud-21731	21	14	synergetic	synergetic	ADJ
eistud-21731	21	15	value	value	NOUN
eistud-21731	21	16	from	from	ADP
eistud-21731	21	17	combined	combined	ADJ
eistud-21731	21	18	resources	resource	NOUN
eistud-21731	21	19	,	,	PUNCT
eistud-21731	21	20	new	new	ADJ
eistud-21731	21	21	strategic	strategic	ADJ
eistud-21731	21	22	position	position	NOUN
eistud-21731	21	23	,	,	PUNCT
eistud-21731	21	24	market	market	NOUN
eistud-21731	21	25	extension	extension	NOUN
eistud-21731	21	26	possibilities	possibility	NOUN
eistud-21731	21	27	.	.	PUNCT
eistud-21731	22	1	nevertheless	nevertheless	ADV
eistud-21731	22	2	,	,	PUNCT
eistud-21731	22	3	there	there	PRON
eistud-21731	22	4	is	be	VERB
eistud-21731	22	5	the	the	DET
eistud-21731	22	6	other	other	ADJ
eistud-21731	22	7	angle	angle	NOUN
eistud-21731	22	8	of	of	ADP
eistud-21731	22	9	these	these	DET
eistud-21731	22	10	processes	process	NOUN
eistud-21731	22	11	like	like	ADP
eistud-21731	22	12	market	market	NOUN
eistud-21731	22	13	disruption	disruption	NOUN
eistud-21731	22	14	and	and	CCONJ
eistud-21731	22	15	completion	completion	NOUN
eistud-21731	22	16	decrease	decrease	NOUN
eistud-21731	22	17	factors	factor	NOUN
eistud-21731	22	18	,	,	PUNCT
eistud-21731	22	19	those	those	PRON
eistud-21731	22	20	according	accord	VERB
eistud-21731	22	21	to	to	ADP
eistud-21731	22	22	hsieh	hsieh	PROPN
eistud-21731	22	23	and	and	CCONJ
eistud-21731	22	24	lin	lin	PROPN
eistud-21731	22	25	(	(	PUNCT
eistud-21731	22	26	2016	2016	NUM
eistud-21731	22	27	)	)	PUNCT
eistud-21731	22	28	have	have	VERB
eistud-21731	22	29	a	a	DET
eistud-21731	22	30	negative	negative	ADJ
eistud-21731	22	31	impact	impact	NOUN
eistud-21731	22	32	on	on	ADP
eistud-21731	22	33	the	the	DET
eistud-21731	22	34	market	market	NOUN
eistud-21731	22	35	.	.	PUNCT
eistud-21731	23	1	also	also	ADV
eistud-21731	23	2	from	from	ADP
eistud-21731	23	3	the	the	DET
eistud-21731	23	4	point	point	NOUN
eistud-21731	23	5	of	of	ADP
eistud-21731	23	6	sustaining	sustain	VERB
eistud-21731	23	7	the	the	DET
eistud-21731	23	8	effective	effective	ADJ
eistud-21731	23	9	market	market	NOUN
eistud-21731	23	10	for	for	ADP
eistud-21731	23	11	goods	good	NOUN
eistud-21731	23	12	and	and	CCONJ
eistud-21731	23	13	services	service	NOUN
eistud-21731	23	14	,	,	PUNCT
eistud-21731	23	15	we	we	PRON
eistud-21731	23	16	can	can	AUX
eistud-21731	23	17	see	see	VERB
eistud-21731	23	18	that	that	SCONJ
eistud-21731	23	19	today	today	NOUN
eistud-21731	23	20	’s	’s	PART
eistud-21731	23	21	society	society	NOUN
eistud-21731	23	22	is	be	AUX
eistud-21731	23	23	orientated	orientate	VERB
eistud-21731	23	24	to	to	ADP
eistud-21731	23	25	the	the	DET
eistud-21731	23	26	consumption	consumption	NOUN
eistud-21731	23	27	and	and	CCONJ
eistud-21731	23	28	the	the	DET
eistud-21731	23	29	wellness	wellness	NOUN
eistud-21731	23	30	of	of	ADP
eistud-21731	23	31	the	the	DET
eistud-21731	23	32	society	society	NOUN
eistud-21731	23	33	highly	highly	ADV
eistud-21731	23	34	depends	depend	VERB
eistud-21731	23	35	upon	upon	SCONJ
eistud-21731	23	36	effective	effective	ADJ
eistud-21731	23	37	consumption	consumption	NOUN
eistud-21731	23	38	.	.	PUNCT
eistud-21731	24	1	some	some	DET
eistud-21731	24	2	practical	practical	ADJ
eistud-21731	24	3	evidence	evidence	NOUN
eistud-21731	24	4	suggests	suggest	VERB
eistud-21731	24	5	the	the	DET
eistud-21731	24	6	negative	negative	ADJ
eistud-21731	24	7	impact	impact	NOUN
eistud-21731	24	8	to	to	AUX
eistud-21731	24	9	effective	effective	ADJ
eistud-21731	24	10	consumption	consumption	NOUN
eistud-21731	24	11	and	and	CCONJ
eistud-21731	24	12	even	even	ADV
eistud-21731	24	13	to	to	ADP
eistud-21731	24	14	the	the	DET
eistud-21731	24	15	quality	quality	NOUN
eistud-21731	24	16	(	(	PUNCT
eistud-21731	24	17	a.	a.	NOUN
eistud-21731	24	18	krishnan	krishnan	PROPN
eistud-21731	24	19	and	and	CCONJ
eistud-21731	24	20	h.	h.	PROPN
eistud-21731	24	21	krishnan	krishnan	PROPN
eistud-21731	24	22	,	,	PUNCT
eistud-21731	24	23	2001	2001	NUM
eistud-21731	24	24	;	;	PUNCT
eistud-21731	24	25	steven	steven	PROPN
eistud-21731	24	26	,	,	PUNCT
eistud-21731	24	27	yazdi	yazdi	NOUN
eistud-21731	24	28	,	,	PUNCT
eistud-21731	24	29	and	and	CCONJ
eistud-21731	24	30	dresner	dresner	NOUN
eistud-21731	24	31	,	,	PUNCT
eistud-21731	24	32	2016	2016	NUM
eistud-21731	24	33	)	)	PUNCT
eistud-21731	24	34	.	.	PUNCT
eistud-21731	25	1	therefore	therefore	ADV
eistud-21731	25	2	,	,	PUNCT
eistud-21731	25	3	many	many	ADJ
eistud-21731	25	4	kinds	kind	NOUN
eistud-21731	25	5	of	of	ADP
eistud-21731	25	6	research	research	NOUN
eistud-21731	25	7	have	have	AUX
eistud-21731	25	8	been	be	AUX
eistud-21731	25	9	made	make	VERB
eistud-21731	25	10	in	in	ADP
eistud-21731	25	11	the	the	DET
eistud-21731	25	12	evaluation	evaluation	NOUN
eistud-21731	25	13	of	of	ADP
eistud-21731	25	14	mergers	merger	NOUN
eistud-21731	25	15	and	and	CCONJ
eistud-21731	25	16	acquisitions	acquisition	NOUN
eistud-21731	25	17	in	in	ADP
eistud-21731	25	18	the	the	DET
eistud-21731	25	19	different	different	ADJ
eistud-21731	25	20	scopes	scope	NOUN
eistud-21731	25	21	:	:	PUNCT
eistud-21731	25	22	from	from	ADP
eistud-21731	25	23	an	an	DET
eistud-21731	25	24	enterprise	enterprise	NOUN
eistud-21731	25	25	view	view	NOUN
eistud-21731	25	26	,	,	PUNCT
eistud-21731	25	27	from	from	ADP
eistud-21731	25	28	the	the	DET
eistud-21731	25	29	market	market	NOUN
eistud-21731	25	30	and	and	CCONJ
eistud-21731	25	31	concurrent	concurrent	ADJ
eistud-21731	25	32	view	view	NOUN
eistud-21731	25	33	,	,	PUNCT
eistud-21731	25	34	from	from	ADP
eistud-21731	25	35	customer	customer	NOUN
eistud-21731	25	36	gains	gain	NOUN
eistud-21731	25	37	or	or	CCONJ
eistud-21731	25	38	losses	loss	NOUN
eistud-21731	25	39	,	,	PUNCT
eistud-21731	25	40	from	from	ADP
eistud-21731	25	41	government	government	NOUN
eistud-21731	25	42	position	position	NOUN
eistud-21731	25	43	.	.	PUNCT
eistud-21731	26	1	as	as	ADP
eistud-21731	26	2	an	an	DET
eistud-21731	26	3	example	example	NOUN
eistud-21731	26	4	farrell	farrell	PROPN
eistud-21731	26	5	and	and	CCONJ
eistud-21731	26	6	shapiro	shapiro	PROPN
eistud-21731	26	7	(	(	PUNCT
eistud-21731	26	8	2010	2010	NUM
eistud-21731	26	9	)	)	PUNCT
eistud-21731	26	10	analyses	analyse	VERB
eistud-21731	26	11	these	these	DET
eistud-21731	26	12	processes	process	NOUN
eistud-21731	26	13	only	only	ADV
eistud-21731	26	14	from	from	ADP
eistud-21731	26	15	the	the	DET
eistud-21731	26	16	product	product	NOUN
eistud-21731	26	17	market	market	NOUN
eistud-21731	26	18	point	point	NOUN
eistud-21731	26	19	in	in	ADP
eistud-21731	26	20	the	the	DET
eistud-21731	26	21	change	change	NOUN
eistud-21731	26	22	of	of	ADP
eistud-21731	26	23	market	market	NOUN
eistud-21731	26	24	structure	structure	NOUN
eistud-21731	26	25	and	and	CCONJ
eistud-21731	26	26	price	price	NOUN
eistud-21731	26	27	.	.	PUNCT
eistud-21731	27	1	european	european	PROPN
eistud-21731	27	2	commission	commission	PROPN
eistud-21731	27	3	in	in	ADP
eistud-21731	27	4	the	the	DET
eistud-21731	27	5	light	light	NOUN
eistud-21731	27	6	of	of	ADP
eistud-21731	27	7	this	this	DET
eistud-21731	27	8	topic	topic	NOUN
eistud-21731	27	9	(	(	PUNCT
eistud-21731	27	10	2018	2018	NUM
eistud-21731	27	11	)	)	PUNCT
eistud-21731	27	12	examines	examine	VERB
eistud-21731	27	13	all	all	DET
eistud-21731	27	14	mergers	merger	NOUN
eistud-21731	27	15	outside	outside	ADP
eistud-21731	27	16	the	the	DET
eistud-21731	27	17	boundaries	boundary	NOUN
eistud-21731	27	18	of	of	ADP
eistud-21731	27	19	the	the	DET
eistud-21731	27	20	national	national	ADJ
eistud-21731	27	21	market	market	NOUN
eistud-21731	27	22	and	and	CCONJ
eistud-21731	27	23	approves	approve	VERB
eistud-21731	27	24	them	they	PRON
eistud-21731	27	25	only	only	ADV
eistud-21731	27	26	if	if	SCONJ
eistud-21731	27	27	a	a	DET
eistud-21731	27	28	clear	clear	ADJ
eistud-21731	27	29	determination	determination	NOUN
eistud-21731	27	30	is	be	AUX
eistud-21731	27	31	made	make	VERB
eistud-21731	27	32	that	that	SCONJ
eistud-21731	27	33	merger	merger	NOUN
eistud-21731	27	34	has	have	VERB
eistud-21731	27	35	no	no	DET
eistud-21731	27	36	potential	potential	ADJ
eistud-21731	27	37	harm	harm	NOUN
eistud-21731	27	38	to	to	ADP
eistud-21731	27	39	effective	effective	ADJ
eistud-21731	27	40	competition	competition	NOUN
eistud-21731	27	41	,	,	PUNCT
eistud-21731	27	42	the	the	DET
eistud-21731	27	43	merger	merger	NOUN
eistud-21731	27	44	control	control	NOUN
eistud-21731	27	45	in	in	ADP
eistud-21731	27	46	the	the	DET
eistud-21731	27	47	national	national	ADJ
eistud-21731	27	48	market	market	NOUN
eistud-21731	27	49	boundaries	boundary	NOUN
eistud-21731	27	50	are	be	AUX
eistud-21731	27	51	left	leave	VERB
eistud-21731	27	52	independent	independent	ADJ
eistud-21731	27	53	to	to	ADP
eistud-21731	27	54	the	the	DET
eistud-21731	27	55	local	local	ADJ
eistud-21731	27	56	competition	competition	NOUN
eistud-21731	27	57	authorities	authority	NOUN
eistud-21731	27	58	.	.	PUNCT
eistud-21731	28	1	taking	take	VERB
eistud-21731	28	2	into	into	ADP
eistud-21731	28	3	consideration	consideration	NOUN
eistud-21731	28	4	that	that	SCONJ
eistud-21731	28	5	impact	impact	NOUN
eistud-21731	28	6	valuation	valuation	NOUN
eistud-21731	28	7	on	on	ADP
eistud-21731	28	8	economic	economic	ADJ
eistud-21731	28	9	activity	activity	NOUN
eistud-21731	28	10	lays	lay	VERB
eistud-21731	28	11	upon	upon	SCONJ
eistud-21731	28	12	the	the	DET
eistud-21731	28	13	valuation	valuation	NOUN
eistud-21731	28	14	of	of	ADP
eistud-21731	28	15	several	several	ADJ
eistud-21731	28	16	different	different	ADJ
eistud-21731	28	17	economic	economic	ADJ
eistud-21731	28	18	objects	object	NOUN
eistud-21731	28	19	it	it	PRON
eistud-21731	28	20	is	be	AUX
eistud-21731	28	21	reasonable	reasonable	ADJ
eistud-21731	28	22	to	to	PART
eistud-21731	28	23	assume	assume	VERB
eistud-21731	28	24	that	that	SCONJ
eistud-21731	28	25	additional	additional	ADJ
eistud-21731	28	26	valuation	valuation	NOUN
eistud-21731	28	27	methodological	methodological	ADJ
eistud-21731	28	28	approach	approach	NOUN
eistud-21731	28	29	is	be	AUX
eistud-21731	28	30	needed	need	VERB
eistud-21731	28	31	in	in	ADP
eistud-21731	28	32	order	order	NOUN
eistud-21731	28	33	to	to	PART
eistud-21731	28	34	evaluate	evaluate	VERB
eistud-21731	28	35	the	the	DET
eistud-21731	28	36	total	total	ADJ
eistud-21731	28	37	impact	impact	NOUN
eistud-21731	28	38	of	of	ADP
eistud-21731	28	39	mergers	merger	NOUN
eistud-21731	28	40	and	and	CCONJ
eistud-21731	28	41	acquisitions	acquisition	NOUN
eistud-21731	28	42	.	.	PUNCT
eistud-21731	29	1	the	the	DET
eistud-21731	29	2	problem	problem	NOUN
eistud-21731	29	3	of	of	ADP
eistud-21731	29	4	this	this	DET
eistud-21731	29	5	paper	paper	NOUN
eistud-21731	29	6	lays	lay	VERB
eistud-21731	29	7	on	on	ADP
eistud-21731	29	8	the	the	DET
eistud-21731	29	9	combination	combination	NOUN
eistud-21731	29	10	of	of	ADP
eistud-21731	29	11	identification	identification	NOUN
eistud-21731	29	12	of	of	ADP
eistud-21731	29	13	possible	possible	ADJ
eistud-21731	29	14	economic	economic	ADJ
eistud-21731	29	15	activity	activity	NOUN
eistud-21731	29	16	objects	object	NOUN
eistud-21731	29	17	on	on	ADP
eistud-21731	29	18	the	the	DET
eistud-21731	29	19	market	market	NOUN
eistud-21731	29	20	activity	activity	NOUN
eistud-21731	29	21	and	and	CCONJ
eistud-21731	29	22	in	in	ADP
eistud-21731	29	23	the	the	DET
eistud-21731	29	24	adjusted	adjusted	ADJ
eistud-21731	29	25	complex	complex	ADJ
eistud-21731	29	26	valuation	valuation	NOUN
eistud-21731	29	27	model	model	NOUN
eistud-21731	29	28	creation	creation	NOUN
eistud-21731	29	29	which	which	PRON
eistud-21731	29	30	can	can	AUX
eistud-21731	29	31	evaluate	evaluate	VERB
eistud-21731	29	32	the	the	DET
eistud-21731	29	33	impact	impact	NOUN
eistud-21731	29	34	from	from	ADP
eistud-21731	29	35	different	different	ADJ
eistud-21731	29	36	perspectives	perspective	NOUN
eistud-21731	29	37	of	of	ADP
eistud-21731	29	38	subjects	subject	NOUN
eistud-21731	29	39	in	in	ADP
eistud-21731	29	40	the	the	DET
eistud-21731	29	41	economic	economic	ADJ
eistud-21731	29	42	system	system	NOUN
eistud-21731	29	43	.	.	PUNCT
eistud-21731	30	1	therefore	therefore	ADV
eistud-21731	30	2	a	a	DET
eistud-21731	30	3	unique	unique	ADJ
eistud-21731	30	4	valuation	valuation	NOUN
eistud-21731	30	5	model	model	NOUN
eistud-21731	30	6	has	have	AUX
eistud-21731	30	7	been	be	AUX
eistud-21731	30	8	designed	design	VERB
eistud-21731	30	9	and	and	CCONJ
eistud-21731	30	10	applied	apply	VERB
eistud-21731	30	11	in	in	ADP
eistud-21731	30	12	the	the	DET
eistud-21731	30	13	practical	practical	ADJ
eistud-21731	30	14	case	case	NOUN
eistud-21731	30	15	study	study	NOUN
eistud-21731	30	16	of	of	ADP
eistud-21731	30	17	lithuanian	lithuanian	ADJ
eistud-21731	30	18	telecommunication	telecommunication	NOUN
eistud-21731	30	19	sector	sector	NOUN
eistud-21731	30	20	.	.	PUNCT
eistud-21731	31	1	the	the	DET
eistud-21731	31	2	concept	concept	NOUN
eistud-21731	31	3	of	of	ADP
eistud-21731	31	4	mergers	merger	NOUN
eistud-21731	31	5	and	and	CCONJ
eistud-21731	31	6	impact	impact	NOUN
eistud-21731	31	7	on	on	ADP
eistud-21731	31	8	the	the	DET
eistud-21731	31	9	economy	economy	NOUN
eistud-21731	31	10	the	the	DET
eistud-21731	31	11	concept	concept	NOUN
eistud-21731	31	12	of	of	ADP
eistud-21731	31	13	merger	merger	NOUN
eistud-21731	31	14	lays	lay	VERB
eistud-21731	31	15	upon	upon	SCONJ
eistud-21731	31	16	in	in	ADP
eistud-21731	31	17	the	the	DET
eistud-21731	31	18	identification	identification	NOUN
eistud-21731	31	19	of	of	ADP
eistud-21731	31	20	the	the	DET
eistud-21731	31	21	impact	impact	NOUN
eistud-21731	31	22	on	on	ADP
eistud-21731	31	23	different	different	ADJ
eistud-21731	31	24	economic	economic	ADJ
eistud-21731	31	25	objects	object	NOUN
eistud-21731	31	26	those	those	PRON
eistud-21731	31	27	are	be	AUX
eistud-21731	31	28	affected	affect	VERB
eistud-21731	31	29	during	during	ADP
eistud-21731	31	30	the	the	DET
eistud-21731	31	31	process	process	NOUN
eistud-21731	31	32	.	.	PUNCT
eistud-21731	32	1	therefore	therefore	ADV
eistud-21731	32	2	a	a	DET
eistud-21731	32	3	theoretical	theoretical	ADJ
eistud-21731	32	4	analysis	analysis	NOUN
eistud-21731	32	5	is	be	AUX
eistud-21731	32	6	performed	perform	VERB
eistud-21731	32	7	from	from	ADP
eistud-21731	32	8	the	the	DET
eistud-21731	32	9	separate	separate	ADJ
eistud-21731	32	10	analysis	analysis	NOUN
eistud-21731	32	11	objects	object	NOUN
eistud-21731	32	12	:	:	PUNCT
eistud-21731	32	13	firm	firm	ADJ
eistud-21731	32	14	;	;	PUNCT
eistud-21731	32	15	market	market	NOUN
eistud-21731	32	16	and	and	CCONJ
eistud-21731	32	17	competitors	competitor	NOUN
eistud-21731	32	18	,	,	PUNCT
eistud-21731	32	19	customers	customer	NOUN
eistud-21731	32	20	and	and	CCONJ
eistud-21731	32	21	state	state	NOUN
eistud-21731	32	22	.	.	PUNCT
eistud-21731	33	1	on	on	ADP
eistud-21731	33	2	the	the	DET
eistud-21731	33	3	side	side	NOUN
eistud-21731	33	4	of	of	ADP
eistud-21731	33	5	the	the	DET
eistud-21731	33	6	firm	firm	NOUN
eistud-21731	33	7	we	we	PRON
eistud-21731	33	8	can	can	AUX
eistud-21731	33	9	analyze	analyze	VERB
eistud-21731	33	10	the	the	DET
eistud-21731	33	11	firm	firm	ADJ
eistud-21731	33	12	benefits	benefit	NOUN
eistud-21731	33	13	,	,	PUNCT
eistud-21731	33	14	which	which	PRON
eistud-21731	33	15	can	can	AUX
eistud-21731	33	16	be	be	AUX
eistud-21731	33	17	listed	list	VERB
eistud-21731	33	18	as	as	ADP
eistud-21731	33	19	(	(	PUNCT
eistud-21731	33	20	levišauskaitė	levišauskaitė	NOUN
eistud-21731	33	21	and	and	CCONJ
eistud-21731	33	22	stravinskaitė	stravinskaitė	NOUN
eistud-21731	33	23	,	,	PUNCT
eistud-21731	33	24	2006	2006	NUM
eistud-21731	33	25	):	):	PUNCT
eistud-21731	33	26	1	1	NUM
eistud-21731	33	27	.	.	X
eistud-21731	33	28	technological	technological	ADJ
eistud-21731	33	29	advance	advance	NOUN
eistud-21731	33	30	–	–	PUNCT
eistud-21731	33	31	a	a	DET
eistud-21731	33	32	bigger	big	ADJ
eistud-21731	33	33	entity	entity	NOUN
eistud-21731	33	34	is	be	AUX
eistud-21731	33	35	capable	capable	ADJ
eistud-21731	33	36	to	to	PART
eistud-21731	33	37	reach	reach	VERB
eistud-21731	33	38	greater	great	ADJ
eistud-21731	33	39	results	result	NOUN
eistud-21731	33	40	in	in	ADP
eistud-21731	33	41	innovations	innovation	NOUN
eistud-21731	33	42	and	and	CCONJ
eistud-21731	33	43	technology	technology	NOUN
eistud-21731	33	44	.	.	PUNCT
eistud-21731	34	1	2	2	X
eistud-21731	34	2	.	.	X
eistud-21731	34	3	new	new	ADJ
eistud-21731	34	4	and	and	CCONJ
eistud-21731	34	5	effective	effective	ADJ
eistud-21731	34	6	finance	finance	NOUN
eistud-21731	34	7	source	source	NOUN
eistud-21731	34	8	measure	measure	NOUN
eistud-21731	34	9	–	–	PUNCT
eistud-21731	34	10	a	a	DET
eistud-21731	34	11	situation	situation	NOUN
eistud-21731	34	12	where	where	SCONJ
eistud-21731	34	13	a	a	DET
eistud-21731	34	14	company	company	NOUN
eistud-21731	34	15	covered	cover	VERB
eistud-21731	34	16	in	in	ADP
eistud-21731	34	17	losses	loss	NOUN
eistud-21731	34	18	is	be	AUX
eistud-21731	34	19	acquired	acquire	VERB
eistud-21731	34	20	by	by	ADP
eistud-21731	34	21	other	other	ADJ
eistud-21731	34	22	company	company	NOUN
eistud-21731	34	23	,	,	PUNCT
eistud-21731	34	24	where	where	SCONJ
eistud-21731	34	25	the	the	DET
eistud-21731	34	26	acquirer	acquirer	NOUN
eistud-21731	34	27	becomes	become	VERB
eistud-21731	34	28	a	a	DET
eistud-21731	34	29	capital	capital	NOUN
eistud-21731	34	30	source	source	NOUN
eistud-21731	34	31	.	.	PUNCT
eistud-21731	35	1	3	3	X
eistud-21731	35	2	.	.	X
eistud-21731	35	3	optimization	optimization	NOUN
eistud-21731	35	4	of	of	ADP
eistud-21731	35	5	taxes	taxis	NOUN
eistud-21731	35	6	–	–	PUNCT
eistud-21731	35	7	the	the	DET
eistud-21731	35	8	acquisition	acquisition	NOUN
eistud-21731	35	9	or	or	CCONJ
eistud-21731	35	10	the	the	DET
eistud-21731	35	11	merger	merger	NOUN
eistud-21731	35	12	can	can	AUX
eistud-21731	35	13	be	be	AUX
eistud-21731	35	14	treated	treat	VERB
eistud-21731	35	15	as	as	ADP
eistud-21731	35	16	the	the	DET
eistud-21731	35	17	investment	investment	NOUN
eistud-21731	35	18	and	and	CCONJ
eistud-21731	35	19	therefore	therefore	ADV
eistud-21731	35	20	the	the	DET
eistud-21731	35	21	firm	firm	NOUN
eistud-21731	35	22	could	could	AUX
eistud-21731	35	23	pay	pay	VERB
eistud-21731	35	24	fewer	few	ADJ
eistud-21731	35	25	taxes	taxis	NOUN
eistud-21731	35	26	.	.	PUNCT
eistud-21731	36	1	4	4	X
eistud-21731	36	2	.	.	X
eistud-21731	36	3	diversification	diversification	NOUN
eistud-21731	36	4	of	of	ADP
eistud-21731	36	5	risk	risk	NOUN
eistud-21731	36	6	–	–	PUNCT
eistud-21731	36	7	the	the	DET
eistud-21731	36	8	risk	risk	NOUN
eistud-21731	36	9	is	be	AUX
eistud-21731	36	10	shared	share	VERB
eistud-21731	36	11	and	and	CCONJ
eistud-21731	36	12	the	the	DET
eistud-21731	36	13	bigger	big	ADJ
eistud-21731	36	14	entity	entity	NOUN
eistud-21731	36	15	has	have	VERB
eistud-21731	36	16	fewer	few	ADJ
eistud-21731	36	17	chances	chance	NOUN
eistud-21731	36	18	to	to	PART
eistud-21731	36	19	bankrupt	bankrupt	VERB
eistud-21731	36	20	.	.	PUNCT
eistud-21731	37	1	5	5	X
eistud-21731	37	2	.	.	X
eistud-21731	37	3	the	the	DET
eistud-21731	37	4	acquisition	acquisition	NOUN
eistud-21731	37	5	of	of	ADP
eistud-21731	37	6	undervalued	undervalued	ADJ
eistud-21731	37	7	company	company	NOUN
eistud-21731	37	8	–	–	PUNCT
eistud-21731	37	9	in	in	ADP
eistud-21731	37	10	the	the	DET
eistud-21731	37	11	process	process	NOUN
eistud-21731	37	12	of	of	ADP
eistud-21731	37	13	acquisition	acquisition	NOUN
eistud-21731	37	14	undervalued	undervalue	VERB
eistud-21731	37	15	company	company	NOUN
eistud-21731	37	16	with	with	ADP
eistud-21731	37	17	a	a	DET
eistud-21731	37	18	capability	capability	NOUN
eistud-21731	37	19	of	of	ADP
eistud-21731	37	20	rapid	rapid	ADJ
eistud-21731	37	21	growth	growth	NOUN
eistud-21731	37	22	could	could	AUX
eistud-21731	37	23	rapidly	rapidly	ADV
eistud-21731	37	24	increase	increase	VERB
eistud-21731	37	25	the	the	DET
eistud-21731	37	26	acquirer	acquirer	NOUN
eistud-21731	37	27	’s	’s	PART
eistud-21731	37	28	value	value	NOUN
eistud-21731	37	29	.	.	PUNCT
eistud-21731	38	1	6	6	X
eistud-21731	38	2	.	.	X
eistud-21731	38	3	company	company	NOUN
eistud-21731	38	4	growth	growth	NOUN
eistud-21731	38	5	–	–	PUNCT
eistud-21731	38	6	additional	additional	ADJ
eistud-21731	38	7	growth	growth	NOUN
eistud-21731	38	8	by	by	ADP
eistud-21731	38	9	using	use	VERB
eistud-21731	38	10	both	both	DET
eistud-21731	38	11	companies	company	NOUN
eistud-21731	38	12	resources	resource	NOUN
eistud-21731	38	13	.	.	PUNCT
eistud-21731	39	1	7	7	X
eistud-21731	39	2	.	.	X
eistud-21731	39	3	synergy	synergy	NOUN
eistud-21731	39	4	effect	effect	NOUN
eistud-21731	39	5	–	–	PUNCT
eistud-21731	39	6	additional	additional	ADJ
eistud-21731	39	7	value	value	NOUN
eistud-21731	39	8	obtained	obtain	VERB
eistud-21731	39	9	from	from	ADP
eistud-21731	39	10	the	the	DET
eistud-21731	39	11	merger	merger	NOUN
eistud-21731	39	12	process	process	NOUN
eistud-21731	39	13	.	.	PUNCT
eistud-21731	40	1	having	have	VERB
eistud-21731	40	2	a	a	DET
eistud-21731	40	3	discussion	discussion	NOUN
eistud-21731	40	4	about	about	ADP
eistud-21731	40	5	the	the	DET
eistud-21731	40	6	first	first	ADJ
eistud-21731	40	7	benefit	benefit	NOUN
eistud-21731	40	8	of	of	ADP
eistud-21731	40	9	the	the	DET
eistud-21731	40	10	firm	firm	NOUN
eistud-21731	40	11	from	from	ADP
eistud-21731	40	12	merger	merger	NOUN
eistud-21731	40	13	and	and	CCONJ
eistud-21731	40	14	acquisition	acquisition	NOUN
eistud-21731	40	15	,	,	PUNCT
eistud-21731	40	16	we	we	PRON
eistud-21731	40	17	could	could	AUX
eistud-21731	40	18	always	always	ADV
eistud-21731	40	19	use	use	VERB
eistud-21731	40	20	the	the	DET
eistud-21731	40	21	concept	concept	NOUN
eistud-21731	40	22	of	of	ADP
eistud-21731	40	23	the	the	DET
eistud-21731	40	24	economies	economy	NOUN
eistud-21731	40	25	of	of	ADP
eistud-21731	40	26	scale	scale	NOUN
eistud-21731	40	27	that	that	SCONJ
eistud-21731	40	28	a	a	DET
eistud-21731	40	29	bigger	big	ADJ
eistud-21731	40	30	entity	entity	NOUN
eistud-21731	40	31	is	be	AUX
eistud-21731	40	32	always	always	ADV
eistud-21731	40	33	capable	capable	ADJ
eistud-21731	40	34	to	to	PART
eistud-21731	40	35	reach	reach	VERB
eistud-21731	40	36	european	european	ADJ
eistud-21731	40	37	integrat	integrat	NOUN
eistud-21731	40	38	ion	ion	NOUN
eistud-21731	40	39	studies	study	NOUN
eistud-21731	40	40	2018/12	2018/12	NUM
eistud-21731	40	41	66	66	NUM
eistud-21731	40	42	greater	great	ADJ
eistud-21731	40	43	goals	goal	NOUN
eistud-21731	40	44	.	.	PUNCT
eistud-21731	41	1	also	also	ADV
eistud-21731	41	2	,	,	PUNCT
eistud-21731	41	3	mester	mester	NOUN
eistud-21731	41	4	and	and	CCONJ
eistud-21731	41	5	hughes	hughes	PROPN
eistud-21731	41	6	(	(	PUNCT
eistud-21731	41	7	2008	2008	NUM
eistud-21731	41	8	)	)	PUNCT
eistud-21731	41	9	support	support	VERB
eistud-21731	41	10	this	this	DET
eistud-21731	41	11	concept	concept	NOUN
eistud-21731	41	12	,	,	PUNCT
eistud-21731	41	13	by	by	ADP
eistud-21731	41	14	their	their	PRON
eistud-21731	41	15	research	research	NOUN
eistud-21731	41	16	in	in	ADP
eistud-21731	41	17	which	which	PRON
eistud-21731	41	18	they	they	PRON
eistud-21731	41	19	conducted	conduct	VERB
eistud-21731	41	20	that	that	SCONJ
eistud-21731	41	21	the	the	DET
eistud-21731	41	22	mergers	merger	NOUN
eistud-21731	41	23	in	in	ADP
eistud-21731	41	24	the	the	DET
eistud-21731	41	25	banking	banking	NOUN
eistud-21731	41	26	sector	sector	NOUN
eistud-21731	41	27	had	have	VERB
eistud-21731	41	28	an	an	DET
eistud-21731	41	29	impact	impact	NOUN
eistud-21731	41	30	of	of	ADP
eistud-21731	41	31	the	the	DET
eistud-21731	41	32	development	development	NOUN
eistud-21731	41	33	of	of	ADP
eistud-21731	41	34	new	new	ADJ
eistud-21731	41	35	technologies	technology	NOUN
eistud-21731	41	36	on	on	ADP
eistud-21731	41	37	the	the	DET
eistud-21731	41	38	banking	banking	NOUN
eistud-21731	41	39	services	service	NOUN
eistud-21731	41	40	.	.	PUNCT
eistud-21731	42	1	besides	besides	SCONJ
eistud-21731	42	2	koskinen	koskinen	PROPN
eistud-21731	42	3	and	and	CCONJ
eistud-21731	42	4	vanharanta	vanharanta	ADJ
eistud-21731	42	5	(	(	PUNCT
eistud-21731	42	6	2002	2002	NUM
eistud-21731	42	7	)	)	PUNCT
eistud-21731	42	8	explains	explain	VERB
eistud-21731	42	9	that	that	SCONJ
eistud-21731	42	10	bigger	big	ADJ
eistud-21731	42	11	entities	entity	NOUN
eistud-21731	42	12	with	with	ADP
eistud-21731	42	13	more	more	ADJ
eistud-21731	42	14	employees	employee	NOUN
eistud-21731	42	15	could	could	AUX
eistud-21731	42	16	reach	reach	VERB
eistud-21731	42	17	better	well	ADJ
eistud-21731	42	18	results	result	NOUN
eistud-21731	42	19	in	in	ADP
eistud-21731	42	20	the	the	DET
eistud-21731	42	21	development	development	NOUN
eistud-21731	42	22	of	of	ADP
eistud-21731	42	23	new	new	ADJ
eistud-21731	42	24	technology	technology	NOUN
eistud-21731	42	25	and	and	CCONJ
eistud-21731	42	26	even	even	ADV
eistud-21731	42	27	do	do	VERB
eistud-21731	42	28	it	it	PRON
eistud-21731	42	29	cheaper	cheap	ADJ
eistud-21731	42	30	.	.	PUNCT
eistud-21731	43	1	by	by	ADP
eistud-21731	43	2	looking	look	VERB
eistud-21731	43	3	at	at	ADP
eistud-21731	43	4	the	the	DET
eistud-21731	43	5	second	second	ADJ
eistud-21731	43	6	benefit	benefit	NOUN
eistud-21731	43	7	we	we	PRON
eistud-21731	43	8	can	can	AUX
eistud-21731	43	9	clearly	clearly	ADV
eistud-21731	43	10	see	see	VERB
eistud-21731	43	11	a	a	DET
eistud-21731	43	12	conditional	conditional	ADJ
eistud-21731	43	13	case	case	NOUN
eistud-21731	43	14	of	of	ADP
eistud-21731	43	15	this	this	DET
eistud-21731	43	16	benefit	benefit	NOUN
eistud-21731	43	17	and	and	CCONJ
eistud-21731	43	18	it	it	PRON
eistud-21731	43	19	works	work	VERB
eistud-21731	43	20	only	only	ADV
eistud-21731	43	21	when	when	SCONJ
eistud-21731	43	22	the	the	DET
eistud-21731	43	23	conditions	condition	NOUN
eistud-21731	43	24	for	for	ADP
eistud-21731	43	25	the	the	DET
eistud-21731	43	26	case	case	NOUN
eistud-21731	43	27	are	be	AUX
eistud-21731	43	28	met	meet	VERB
eistud-21731	43	29	.	.	PUNCT
eistud-21731	44	1	the	the	DET
eistud-21731	44	2	third	third	ADJ
eistud-21731	44	3	benefit	benefit	NOUN
eistud-21731	44	4	to	to	ADP
eistud-21731	44	5	the	the	DET
eistud-21731	44	6	firm	firm	NOUN
eistud-21731	44	7	is	be	AUX
eistud-21731	44	8	followed	follow	VERB
eistud-21731	44	9	by	by	ADP
eistud-21731	44	10	the	the	DET
eistud-21731	44	11	main	main	ADJ
eistud-21731	44	12	business	business	NOUN
eistud-21731	44	13	function	function	NOUN
eistud-21731	44	14	–	–	PUNCT
eistud-21731	44	15	making	make	VERB
eistud-21731	44	16	a	a	DET
eistud-21731	44	17	profit	profit	NOUN
eistud-21731	44	18	.	.	PUNCT
eistud-21731	45	1	devos	devos	PROPN
eistud-21731	45	2	,	,	PUNCT
eistud-21731	45	3	kadapakkam	kadapakkam	NOUN
eistud-21731	45	4	and	and	CCONJ
eistud-21731	45	5	krishshmanmurthy	krishshmanmurthy	ADJ
eistud-21731	45	6	(	(	PUNCT
eistud-21731	45	7	2009	2009	NUM
eistud-21731	45	8	)	)	PUNCT
eistud-21731	45	9	agree	agree	VERB
eistud-21731	45	10	with	with	ADP
eistud-21731	45	11	this	this	DET
eistud-21731	45	12	line	line	NOUN
eistud-21731	45	13	taking	take	VERB
eistud-21731	45	14	into	into	ADP
eistud-21731	45	15	consideration	consideration	NOUN
eistud-21731	45	16	that	that	SCONJ
eistud-21731	45	17	mergers	merger	NOUN
eistud-21731	45	18	not	not	PART
eistud-21731	45	19	only	only	ADV
eistud-21731	45	20	increase	increase	VERB
eistud-21731	45	21	the	the	DET
eistud-21731	45	22	value	value	NOUN
eistud-21731	45	23	of	of	ADP
eistud-21731	45	24	the	the	DET
eistud-21731	45	25	company	company	NOUN
eistud-21731	45	26	but	but	CCONJ
eistud-21731	45	27	also	also	ADV
eistud-21731	45	28	helps	help	VERB
eistud-21731	45	29	to	to	PART
eistud-21731	45	30	optimize	optimize	VERB
eistud-21731	45	31	tax	tax	NOUN
eistud-21731	45	32	obligations	obligation	NOUN
eistud-21731	45	33	.	.	PUNCT
eistud-21731	46	1	risk	risk	NOUN
eistud-21731	46	2	diversification	diversification	NOUN
eistud-21731	46	3	benefit	benefit	NOUN
eistud-21731	46	4	is	be	AUX
eistud-21731	46	5	an	an	DET
eistud-21731	46	6	object	object	NOUN
eistud-21731	46	7	of	of	ADP
eistud-21731	46	8	discussion	discussion	NOUN
eistud-21731	46	9	because	because	SCONJ
eistud-21731	46	10	the	the	DET
eistud-21731	46	11	acquisition	acquisition	NOUN
eistud-21731	46	12	and	and	CCONJ
eistud-21731	46	13	merger	merger	NOUN
eistud-21731	46	14	process	process	NOUN
eistud-21731	46	15	is	be	AUX
eistud-21731	46	16	followed	follow	VERB
eistud-21731	46	17	by	by	ADP
eistud-21731	46	18	the	the	DET
eistud-21731	46	19	risk	risk	NOUN
eistud-21731	46	20	of	of	ADP
eistud-21731	46	21	the	the	DET
eistud-21731	46	22	process	process	NOUN
eistud-21731	46	23	which	which	PRON
eistud-21731	46	24	can	can	AUX
eistud-21731	46	25	be	be	AUX
eistud-21731	46	26	unsuccessful	unsuccessful	ADJ
eistud-21731	46	27	due	due	ADJ
eistud-21731	46	28	to	to	ADP
eistud-21731	46	29	numbers	number	NOUN
eistud-21731	46	30	of	of	ADP
eistud-21731	46	31	internal	internal	ADJ
eistud-21731	46	32	and	and	CCONJ
eistud-21731	46	33	external	external	ADJ
eistud-21731	46	34	reasons	reason	NOUN
eistud-21731	46	35	which	which	PRON
eistud-21731	46	36	is	be	AUX
eistud-21731	46	37	stated	state	VERB
eistud-21731	46	38	by	by	ADP
eistud-21731	46	39	cartwright	cartwright	PROPN
eistud-21731	46	40	and	and	CCONJ
eistud-21731	46	41	schoenberg	schoenberg	PROPN
eistud-21731	46	42	(	(	PUNCT
eistud-21731	46	43	2006	2006	NUM
eistud-21731	46	44	)	)	PUNCT
eistud-21731	46	45	.	.	PUNCT
eistud-21731	47	1	however	however	ADV
eistud-21731	47	2	,	,	PUNCT
eistud-21731	47	3	lileikienė	lileikienė	NOUN
eistud-21731	47	4	and	and	CCONJ
eistud-21731	47	5	kovalčik	kovalčik	PROPN
eistud-21731	47	6	(	(	PUNCT
eistud-21731	47	7	2014	2014	NUM
eistud-21731	47	8	)	)	PUNCT
eistud-21731	47	9	in	in	ADP
eistud-21731	47	10	their	their	PRON
eistud-21731	47	11	case	case	NOUN
eistud-21731	47	12	analysis	analysis	NOUN
eistud-21731	47	13	of	of	ADP
eistud-21731	47	14	ab	ab	PROPN
eistud-21731	47	15	‘	'	PUNCT
eistud-21731	47	16	šiaulių	šiaulių	X
eistud-21731	47	17	bankas	bankas	NOUN
eistud-21731	47	18	’	'	PUNCT
eistud-21731	47	19	has	have	AUX
eistud-21731	47	20	found	find	VERB
eistud-21731	47	21	that	that	SCONJ
eistud-21731	47	22	liquidity	liquidity	NOUN
eistud-21731	47	23	risk	risk	NOUN
eistud-21731	47	24	decreases	decrease	VERB
eistud-21731	47	25	,	,	PUNCT
eistud-21731	47	26	also	also	ADV
eistud-21731	47	27	they	they	PRON
eistud-21731	47	28	give	give	VERB
eistud-21731	47	29	a	a	DET
eistud-21731	47	30	clear	clear	ADJ
eistud-21731	47	31	statement	statement	NOUN
eistud-21731	47	32	that	that	SCONJ
eistud-21731	47	33	the	the	DET
eistud-21731	47	34	risk	risk	NOUN
eistud-21731	47	35	aspect	aspect	NOUN
eistud-21731	47	36	depends	depend	VERB
eistud-21731	47	37	on	on	ADP
eistud-21731	47	38	the	the	DET
eistud-21731	47	39	proportion	proportion	NOUN
eistud-21731	47	40	of	of	ADP
eistud-21731	47	41	assets	asset	NOUN
eistud-21731	47	42	and	and	CCONJ
eistud-21731	47	43	obligations	obligation	NOUN
eistud-21731	47	44	in	in	ADP
eistud-21731	47	45	the	the	DET
eistud-21731	47	46	company	company	NOUN
eistud-21731	47	47	.	.	PUNCT
eistud-21731	48	1	vallascas	vallascas	PROPN
eistud-21731	48	2	and	and	CCONJ
eistud-21731	48	3	hagendorff	hagendorff	NOUN
eistud-21731	48	4	(	(	PUNCT
eistud-21731	48	5	2010	2010	NUM
eistud-21731	48	6	)	)	PUNCT
eistud-21731	48	7	agree	agree	VERB
eistud-21731	48	8	with	with	ADP
eistud-21731	48	9	this	this	DET
eistud-21731	48	10	thought	thought	NOUN
eistud-21731	48	11	but	but	CCONJ
eistud-21731	48	12	gives	give	VERB
eistud-21731	48	13	an	an	DET
eistud-21731	48	14	additional	additional	ADJ
eistud-21731	48	15	opinion	opinion	NOUN
eistud-21731	48	16	on	on	ADP
eistud-21731	48	17	the	the	DET
eistud-21731	48	18	risk	risk	NOUN
eistud-21731	48	19	increase	increase	NOUN
eistud-21731	48	20	due	due	ADP
eistud-21731	48	21	to	to	ADP
eistud-21731	48	22	the	the	DET
eistud-21731	48	23	weak	weak	ADJ
eistud-21731	48	24	strategical	strategical	ADJ
eistud-21731	48	25	management	management	NOUN
eistud-21731	48	26	of	of	ADP
eistud-21731	48	27	the	the	DET
eistud-21731	48	28	company	company	NOUN
eistud-21731	48	29	.	.	PUNCT
eistud-21731	49	1	besides	besides	SCONJ
eistud-21731	49	2	mukherjee	mukherjee	PROPN
eistud-21731	49	3	,	,	PUNCT
eistud-21731	49	4	kiymaz	kiymaz	NOUN
eistud-21731	49	5	and	and	CCONJ
eistud-21731	49	6	baker	baker	PROPN
eistud-21731	49	7	(	(	PUNCT
eistud-21731	49	8	2005	2005	NUM
eistud-21731	49	9	)	)	PUNCT
eistud-21731	49	10	in	in	ADP
eistud-21731	49	11	their	their	PRON
eistud-21731	49	12	research	research	NOUN
eistud-21731	49	13	of	of	ADP
eistud-21731	49	14	mergers	merger	NOUN
eistud-21731	49	15	and	and	CCONJ
eistud-21731	49	16	acquisitions	acquisition	NOUN
eistud-21731	49	17	motives	motive	NOUN
eistud-21731	49	18	explains	explain	VERB
eistud-21731	49	19	that	that	SCONJ
eistud-21731	49	20	risk	risk	NOUN
eistud-21731	49	21	diversification	diversification	NOUN
eistud-21731	49	22	is	be	AUX
eistud-21731	49	23	one	one	NUM
eistud-21731	49	24	of	of	ADP
eistud-21731	49	25	the	the	DET
eistud-21731	49	26	most	most	ADV
eistud-21731	49	27	important	important	ADJ
eistud-21731	49	28	motives	motive	NOUN
eistud-21731	49	29	because	because	SCONJ
eistud-21731	49	30	all	all	DET
eistud-21731	49	31	companies	company	NOUN
eistud-21731	49	32	seek	seek	VERB
eistud-21731	49	33	to	to	PART
eistud-21731	49	34	maintain	maintain	VERB
eistud-21731	49	35	stable	stable	ADJ
eistud-21731	49	36	income	income	NOUN
eistud-21731	49	37	during	during	ADP
eistud-21731	49	38	recessions	recession	NOUN
eistud-21731	49	39	and	and	CCONJ
eistud-21731	49	40	the	the	DET
eistud-21731	49	41	strategic	strategic	ADJ
eistud-21731	49	42	alliance	alliance	NOUN
eistud-21731	49	43	processes	process	NOUN
eistud-21731	49	44	help	help	VERB
eistud-21731	49	45	fulfil	fulfil	VERB
eistud-21731	49	46	this	this	DET
eistud-21731	49	47	purpose	purpose	NOUN
eistud-21731	49	48	.	.	PUNCT
eistud-21731	50	1	the	the	DET
eistud-21731	50	2	fifth	fifth	ADJ
eistud-21731	50	3	benefit	benefit	NOUN
eistud-21731	50	4	of	of	ADP
eistud-21731	50	5	the	the	DET
eistud-21731	50	6	acquisition	acquisition	NOUN
eistud-21731	50	7	of	of	ADP
eistud-21731	50	8	the	the	DET
eistud-21731	50	9	undervalued	undervalue	VERB
eistud-21731	50	10	company	company	NOUN
eistud-21731	50	11	is	be	AUX
eistud-21731	50	12	connected	connect	VERB
eistud-21731	50	13	to	to	ADP
eistud-21731	50	14	a	a	DET
eistud-21731	50	15	condition	condition	NOUN
eistud-21731	50	16	that	that	SCONJ
eistud-21731	50	17	if	if	SCONJ
eistud-21731	50	18	the	the	DET
eistud-21731	50	19	acquired	acquire	VERB
eistud-21731	50	20	company	company	NOUN
eistud-21731	50	21	is	be	AUX
eistud-21731	50	22	undervalued	undervalue	VERB
eistud-21731	50	23	the	the	DET
eistud-21731	50	24	acquirer	acquirer	NOUN
eistud-21731	50	25	could	could	AUX
eistud-21731	50	26	receive	receive	VERB
eistud-21731	50	27	an	an	DET
eistud-21731	50	28	additional	additional	ADJ
eistud-21731	50	29	benefit	benefit	NOUN
eistud-21731	50	30	from	from	ADP
eistud-21731	50	31	the	the	DET
eistud-21731	50	32	process	process	NOUN
eistud-21731	50	33	.	.	PUNCT
eistud-21731	51	1	the	the	DET
eistud-21731	51	2	sixth	sixth	ADJ
eistud-21731	51	3	motive	motive	NOUN
eistud-21731	51	4	for	for	ADP
eistud-21731	51	5	the	the	DET
eistud-21731	51	6	firm	firm	NOUN
eistud-21731	51	7	is	be	AUX
eistud-21731	51	8	the	the	DET
eistud-21731	51	9	growth	growth	NOUN
eistud-21731	51	10	effect	effect	NOUN
eistud-21731	51	11	,	,	PUNCT
eistud-21731	51	12	taking	take	VERB
eistud-21731	51	13	in	in	ADP
eistud-21731	51	14	consideration	consideration	NOUN
eistud-21731	51	15	that	that	SCONJ
eistud-21731	51	16	a	a	DET
eistud-21731	51	17	bigger	big	ADJ
eistud-21731	51	18	company	company	NOUN
eistud-21731	51	19	will	will	AUX
eistud-21731	51	20	grow	grow	VERB
eistud-21731	51	21	more	more	ADV
eistud-21731	51	22	rapidly	rapidly	ADV
eistud-21731	51	23	.	.	PUNCT
eistud-21731	52	1	čiegis	čiegis	VERB
eistud-21731	52	2	and	and	CCONJ
eistud-21731	52	3	adriuškevičius	adriuškevičius	PROPN
eistud-21731	52	4	(	(	PUNCT
eistud-21731	52	5	2016	2016	NUM
eistud-21731	52	6	)	)	PUNCT
eistud-21731	52	7	identify	identify	VERB
eistud-21731	52	8	this	this	DET
eistud-21731	52	9	motive	motive	NOUN
eistud-21731	52	10	as	as	ADP
eistud-21731	52	11	the	the	DET
eistud-21731	52	12	foundation	foundation	NOUN
eistud-21731	52	13	of	of	ADP
eistud-21731	52	14	the	the	DET
eistud-21731	52	15	mergers	merger	NOUN
eistud-21731	52	16	and	and	CCONJ
eistud-21731	52	17	acquisitions	acquisition	NOUN
eistud-21731	52	18	topic	topic	NOUN
eistud-21731	52	19	and	and	CCONJ
eistud-21731	52	20	explains	explain	VERB
eistud-21731	52	21	it	it	PRON
eistud-21731	52	22	through	through	ADP
eistud-21731	52	23	the	the	DET
eistud-21731	52	24	new	new	ADJ
eistud-21731	52	25	entries	entry	NOUN
eistud-21731	52	26	to	to	ADP
eistud-21731	52	27	regional	regional	ADJ
eistud-21731	52	28	and	and	CCONJ
eistud-21731	52	29	global	global	ADJ
eistud-21731	52	30	markets	market	NOUN
eistud-21731	52	31	.	.	PUNCT
eistud-21731	53	1	birkishaw	birkishaw	NOUN
eistud-21731	53	2	,	,	PUNCT
eistud-21731	53	3	bresman	bresman	NOUN
eistud-21731	53	4	and	and	CCONJ
eistud-21731	53	5	hakason	hakason	PROPN
eistud-21731	53	6	(	(	PUNCT
eistud-21731	53	7	2000	2000	NUM
eistud-21731	53	8	)	)	PUNCT
eistud-21731	53	9	give	give	VERB
eistud-21731	53	10	another	another	DET
eistud-21731	53	11	opinion	opinion	NOUN
eistud-21731	53	12	towards	towards	ADP
eistud-21731	53	13	growth	growth	NOUN
eistud-21731	53	14	from	from	ADP
eistud-21731	53	15	new	new	ADJ
eistud-21731	53	16	market	market	NOUN
eistud-21731	53	17	and	and	CCONJ
eistud-21731	53	18	sector	sector	NOUN
eistud-21731	53	19	control	control	NOUN
eistud-21731	53	20	perspectives	perspective	NOUN
eistud-21731	53	21	.	.	PUNCT
eistud-21731	54	1	the	the	DET
eistud-21731	54	2	most	most	ADV
eistud-21731	54	3	important	important	ADJ
eistud-21731	54	4	reason	reason	NOUN
eistud-21731	54	5	for	for	SCONJ
eistud-21731	54	6	firms	firm	NOUN
eistud-21731	54	7	to	to	PART
eistud-21731	54	8	initiate	initiate	VERB
eistud-21731	54	9	the	the	DET
eistud-21731	54	10	process	process	NOUN
eistud-21731	54	11	of	of	ADP
eistud-21731	54	12	merger	merger	NOUN
eistud-21731	54	13	or	or	CCONJ
eistud-21731	54	14	acquisition	acquisition	NOUN
eistud-21731	54	15	is	be	AUX
eistud-21731	54	16	synergy	synergy	NOUN
eistud-21731	54	17	,	,	PUNCT
eistud-21731	54	18	which	which	PRON
eistud-21731	54	19	can	can	AUX
eistud-21731	54	20	be	be	AUX
eistud-21731	54	21	explained	explain	VERB
eistud-21731	54	22	as	as	ADP
eistud-21731	54	23	additional	additional	ADJ
eistud-21731	54	24	value	value	NOUN
eistud-21731	54	25	from	from	ADP
eistud-21731	54	26	the	the	DET
eistud-21731	54	27	process	process	NOUN
eistud-21731	54	28	,	,	PUNCT
eistud-21731	54	29	even	even	ADV
eistud-21731	54	30	though	though	SCONJ
eistud-21731	54	31	catwright	catwright	NOUN
eistud-21731	54	32	and	and	CCONJ
eistud-21731	54	33	schoenberg	schoenberg	PROPN
eistud-21731	54	34	(	(	PUNCT
eistud-21731	54	35	2006	2006	NUM
eistud-21731	54	36	)	)	PUNCT
eistud-21731	54	37	claim	claim	VERB
eistud-21731	54	38	that	that	SCONJ
eistud-21731	54	39	synergy	synergy	NOUN
eistud-21731	54	40	is	be	AUX
eistud-21731	54	41	not	not	PART
eistud-21731	54	42	always	always	ADV
eistud-21731	54	43	positive	positive	ADJ
eistud-21731	54	44	and	and	CCONJ
eistud-21731	54	45	highly	highly	ADV
eistud-21731	54	46	depends	depend	VERB
eistud-21731	54	47	on	on	ADP
eistud-21731	54	48	the	the	DET
eistud-21731	54	49	management	management	NOUN
eistud-21731	54	50	of	of	ADP
eistud-21731	54	51	the	the	DET
eistud-21731	54	52	process	process	NOUN
eistud-21731	54	53	.	.	PUNCT
eistud-21731	55	1	sarrazin	sarrazin	PROPN
eistud-21731	55	2	and	and	CCONJ
eistud-21731	55	3	west	west	PROPN
eistud-21731	55	4	(	(	PUNCT
eistud-21731	55	5	2011	2011	NUM
eistud-21731	55	6	)	)	PUNCT
eistud-21731	55	7	explain	explain	VERB
eistud-21731	55	8	the	the	DET
eistud-21731	55	9	synergy	synergy	NOUN
eistud-21731	55	10	motive	motive	VERB
eistud-21731	55	11	through	through	ADP
eistud-21731	55	12	the	the	DET
eistud-21731	55	13	simple	simple	ADJ
eistud-21731	55	14	mathematical	mathematical	ADJ
eistud-21731	55	15	logic	logic	NOUN
eistud-21731	55	16	in	in	ADP
eistud-21731	55	17	which	which	PRON
eistud-21731	55	18	these	these	DET
eistud-21731	55	19	processes	process	NOUN
eistud-21731	55	20	are	be	AUX
eistud-21731	55	21	being	be	AUX
eistud-21731	55	22	optimized	optimize	VERB
eistud-21731	55	23	:	:	PUNCT
eistud-21731	55	24	1	1	X
eistud-21731	55	25	.	.	X
eistud-21731	55	26	lower	low	ADJ
eistud-21731	55	27	it	it	PRON
eistud-21731	55	28	infrastructure	infrastructure	NOUN
eistud-21731	55	29	costs	cost	NOUN
eistud-21731	55	30	.	.	PUNCT
eistud-21731	56	1	2	2	X
eistud-21731	56	2	.	.	X
eistud-21731	56	3	optimization	optimization	NOUN
eistud-21731	56	4	of	of	ADP
eistud-21731	56	5	functions	function	NOUN
eistud-21731	56	6	,	,	PUNCT
eistud-21731	56	7	financial	financial	ADJ
eistud-21731	56	8	benefits	benefit	NOUN
eistud-21731	56	9	from	from	ADP
eistud-21731	56	10	personnel	personnel	NOUN
eistud-21731	56	11	costs	cost	NOUN
eistud-21731	56	12	.	.	PUNCT
eistud-21731	57	1	3	3	X
eistud-21731	57	2	.	.	X
eistud-21731	57	3	lower	low	ADJ
eistud-21731	57	4	logistics	logistic	NOUN
eistud-21731	57	5	costs	cost	NOUN
eistud-21731	57	6	.	.	PUNCT
eistud-21731	58	1	4	4	X
eistud-21731	58	2	.	.	X
eistud-21731	58	3	higher	high	ADJ
eistud-21731	58	4	income	income	NOUN
eistud-21731	58	5	from	from	ADP
eistud-21731	58	6	the	the	DET
eistud-21731	58	7	larger	large	ADJ
eistud-21731	58	8	assortment	assortment	NOUN
eistud-21731	58	9	.	.	PUNCT
eistud-21731	59	1	5	5	X
eistud-21731	59	2	.	.	X
eistud-21731	59	3	optimization	optimization	NOUN
eistud-21731	59	4	of	of	ADP
eistud-21731	59	5	administration	administration	NOUN
eistud-21731	59	6	costs	cost	NOUN
eistud-21731	59	7	.	.	PUNCT
eistud-21731	60	1	6	6	X
eistud-21731	60	2	.	.	X
eistud-21731	60	3	lower	low	ADJ
eistud-21731	60	4	costs	cost	NOUN
eistud-21731	60	5	for	for	ADP
eistud-21731	60	6	finance	finance	NOUN
eistud-21731	60	7	sources	source	NOUN
eistud-21731	60	8	.	.	PUNCT
eistud-21731	61	1	from	from	ADP
eistud-21731	61	2	this	this	DET
eistud-21731	61	3	point	point	NOUN
eistud-21731	61	4	,	,	PUNCT
eistud-21731	61	5	we	we	PRON
eistud-21731	61	6	can	can	AUX
eistud-21731	61	7	see	see	VERB
eistud-21731	61	8	that	that	DET
eistud-21731	61	9	synergy	synergy	NOUN
eistud-21731	61	10	is	be	AUX
eistud-21731	61	11	truly	truly	ADV
eistud-21731	61	12	the	the	DET
eistud-21731	61	13	most	most	ADV
eistud-21731	61	14	important	important	ADJ
eistud-21731	61	15	motive	motive	NOUN
eistud-21731	61	16	and	and	CCONJ
eistud-21731	61	17	the	the	DET
eistud-21731	61	18	benefit	benefit	NOUN
eistud-21731	61	19	to	to	ADP
eistud-21731	61	20	the	the	DET
eistud-21731	61	21	firm	firm	NOUN
eistud-21731	61	22	that	that	PRON
eistud-21731	61	23	comes	come	VERB
eistud-21731	61	24	from	from	ADP
eistud-21731	61	25	the	the	DET
eistud-21731	61	26	merger	merger	NOUN
eistud-21731	61	27	or	or	CCONJ
eistud-21731	61	28	acquisition	acquisition	NOUN
eistud-21731	61	29	process	process	NOUN
eistud-21731	61	30	.	.	PUNCT
eistud-21731	62	1	also	also	ADV
eistud-21731	62	2	,	,	PUNCT
eistud-21731	62	3	the	the	DET
eistud-21731	62	4	synergy	synergy	NOUN
eistud-21731	62	5	effect	effect	NOUN
eistud-21731	62	6	could	could	AUX
eistud-21731	62	7	be	be	AUX
eistud-21731	62	8	struck	strike	VERB
eistud-21731	62	9	down	down	ADP
eistud-21731	62	10	into	into	ADP
eistud-21731	62	11	two	two	NUM
eistud-21731	62	12	points	point	NOUN
eistud-21731	62	13	,	,	PUNCT
eistud-21731	62	14	there	there	ADV
eistud-21731	62	15	one	one	NUM
eistud-21731	62	16	point	point	NOUN
eistud-21731	62	17	is	be	AUX
eistud-21731	62	18	followed	follow	VERB
eistud-21731	62	19	by	by	ADP
eistud-21731	62	20	the	the	DET
eistud-21731	62	21	cost	cost	NOUN
eistud-21731	62	22	optimization	optimization	NOUN
eistud-21731	62	23	from	from	ADP
eistud-21731	62	24	synergy	synergy	NOUN
eistud-21731	62	25	which	which	PRON
eistud-21731	62	26	helps	help	VERB
eistud-21731	62	27	to	to	PART
eistud-21731	62	28	accomplish	accomplish	VERB
eistud-21731	62	29	greater	great	ADJ
eistud-21731	62	30	financial	financial	ADJ
eistud-21731	62	31	results	result	NOUN
eistud-21731	62	32	.	.	PUNCT
eistud-21731	63	1	the	the	DET
eistud-21731	63	2	other	other	ADJ
eistud-21731	63	3	point	point	NOUN
eistud-21731	63	4	is	be	AUX
eistud-21731	63	5	that	that	SCONJ
eistud-21731	63	6	the	the	DET
eistud-21731	63	7	bigger	big	ADJ
eistud-21731	63	8	assortment	assortment	NOUN
eistud-21731	63	9	helps	help	VERB
eistud-21731	63	10	to	to	PART
eistud-21731	63	11	expand	expand	VERB
eistud-21731	63	12	the	the	DET
eistud-21731	63	13	market	market	NOUN
eistud-21731	63	14	share	share	NOUN
eistud-21731	63	15	on	on	ADP
eistud-21731	63	16	the	the	DET
eistud-21731	63	17	basis	basis	NOUN
eistud-21731	63	18	of	of	ADP
eistud-21731	63	19	increased	increase	VERB
eistud-21731	63	20	revenue	revenue	NOUN
eistud-21731	63	21	.	.	PUNCT
eistud-21731	64	1	impact	impact	NOUN
eistud-21731	64	2	on	on	ADP
eistud-21731	64	3	the	the	DET
eistud-21731	64	4	market	market	NOUN
eistud-21731	64	5	and	and	CCONJ
eistud-21731	64	6	impact	impact	NOUN
eistud-21731	64	7	on	on	ADP
eistud-21731	64	8	a	a	DET
eistud-21731	64	9	competitor	competitor	NOUN
eistud-21731	64	10	could	could	AUX
eistud-21731	64	11	be	be	AUX
eistud-21731	64	12	constructed	construct	VERB
eistud-21731	64	13	from	from	ADP
eistud-21731	64	14	the	the	DET
eistud-21731	64	15	table	table	NOUN
eistud-21731	64	16	1	1	NUM
eistud-21731	64	17	area	area	NOUN
eistud-21731	64	18	where	where	SCONJ
eistud-21731	64	19	the	the	DET
eistud-21731	64	20	types	type	NOUN
eistud-21731	64	21	of	of	ADP
eistud-21731	64	22	mergers	merger	NOUN
eistud-21731	64	23	are	be	AUX
eistud-21731	64	24	listed	list	VERB
eistud-21731	64	25	,	,	PUNCT
eistud-21731	64	26	depending	depend	VERB
eistud-21731	64	27	on	on	ADP
eistud-21731	64	28	the	the	DET
eistud-21731	64	29	merger	merger	NOUN
eistud-21731	64	30	type	type	NOUN
eistud-21731	64	31	the	the	DET
eistud-21731	64	32	market	market	NOUN
eistud-21731	64	33	and	and	CCONJ
eistud-21731	64	34	competitor	competitor	NOUN
eistud-21731	64	35	are	be	AUX
eistud-21731	64	36	affected	affect	VERB
eistud-21731	64	37	more	more	ADV
eistud-21731	64	38	or	or	CCONJ
eistud-21731	64	39	less	less	ADJ
eistud-21731	64	40	(	(	PUNCT
eistud-21731	64	41	for	for	ADP
eistud-21731	64	42	example	example	NOUN
eistud-21731	64	43	the	the	DET
eistud-21731	64	44	most	most	ADV
eistud-21731	64	45	harmful	harmful	ADJ
eistud-21731	64	46	mergers	merger	NOUN
eistud-21731	64	47	to	to	ADP
eistud-21731	64	48	the	the	DET
eistud-21731	64	49	effective	effective	ADJ
eistud-21731	64	50	market	market	NOUN
eistud-21731	64	51	and	and	CCONJ
eistud-21731	64	52	67	67	NUM
eistud-21731	64	53	european	european	ADJ
eistud-21731	64	54	integrat	integrat	NOUN
eistud-21731	64	55	ion	ion	NOUN
eistud-21731	64	56	studies	study	NOUN
eistud-21731	64	57	2018/12	2018/12	NUM
eistud-21731	64	58	table	table	NOUN
eistud-21731	64	59	1	1	NUM
eistud-21731	64	60	merger	merger	NOUN
eistud-21731	64	61	types	type	NOUN
eistud-21731	64	62	and	and	CCONJ
eistud-21731	64	63	impact	impact	NOUN
eistud-21731	64	64	in	in	ADP
eistud-21731	64	65	the	the	DET
eistud-21731	64	66	market	market	NOUN
eistud-21731	64	67	company	company	NOUN
eistud-21731	64	68	mergers	merger	NOUN
eistud-21731	64	69	definition	definition	NOUN
eistud-21731	64	70	and	and	CCONJ
eistud-21731	64	71	the	the	DET
eistud-21731	64	72	impact	impact	NOUN
eistud-21731	64	73	on	on	ADP
eistud-21731	64	74	the	the	DET
eistud-21731	64	75	market	market	NOUN
eistud-21731	64	76	conglomerate	conglomerate	NOUN
eistud-21731	64	77	a	a	DET
eistud-21731	64	78	merger	merger	NOUN
eistud-21731	64	79	between	between	ADP
eistud-21731	64	80	firms	firm	NOUN
eistud-21731	64	81	that	that	PRON
eistud-21731	64	82	are	be	AUX
eistud-21731	64	83	involved	involve	VERB
eistud-21731	64	84	in	in	ADP
eistud-21731	64	85	totally	totally	ADV
eistud-21731	64	86	unrelated	unrelated	ADJ
eistud-21731	64	87	business	business	NOUN
eistud-21731	64	88	activities	activity	NOUN
eistud-21731	64	89	.	.	PUNCT
eistud-21731	65	1	there	there	PRON
eistud-21731	65	2	are	be	VERB
eistud-21731	65	3	two	two	NUM
eistud-21731	65	4	types	type	NOUN
eistud-21731	65	5	of	of	ADP
eistud-21731	65	6	conglomerate	conglomerate	NOUN
eistud-21731	65	7	mergers	merger	NOUN
eistud-21731	65	8	:	:	PUNCT
eistud-21731	65	9	pure	pure	ADJ
eistud-21731	65	10	and	and	CCONJ
eistud-21731	65	11	mixed	mixed	ADJ
eistud-21731	65	12	.	.	PUNCT
eistud-21731	66	1	pure	pure	ADJ
eistud-21731	66	2	conglomerate	conglomerate	NOUN
eistud-21731	66	3	mergers	merger	NOUN
eistud-21731	66	4	involve	involve	VERB
eistud-21731	66	5	firms	firm	NOUN
eistud-21731	66	6	with	with	ADP
eistud-21731	66	7	nothing	nothing	PRON
eistud-21731	66	8	in	in	ADP
eistud-21731	66	9	common	common	ADJ
eistud-21731	66	10	,	,	PUNCT
eistud-21731	66	11	while	while	SCONJ
eistud-21731	66	12	mixed	mixed	ADJ
eistud-21731	66	13	conglomerate	conglomerate	NOUN
eistud-21731	66	14	mergers	merger	NOUN
eistud-21731	66	15	involve	involve	VERB
eistud-21731	66	16	firms	firm	NOUN
eistud-21731	66	17	that	that	PRON
eistud-21731	66	18	are	be	AUX
eistud-21731	66	19	looking	look	VERB
eistud-21731	66	20	for	for	ADP
eistud-21731	66	21	product	product	NOUN
eistud-21731	66	22	extensions	extension	NOUN
eistud-21731	66	23	or	or	CCONJ
eistud-21731	66	24	market	market	NOUN
eistud-21731	66	25	extensions	extension	NOUN
eistud-21731	66	26	.	.	PUNCT
eistud-21731	67	1	horizontal	horizontal	ADJ
eistud-21731	67	2	a	a	DET
eistud-21731	67	3	merger	merger	NOUN
eistud-21731	67	4	occurring	occur	VERB
eistud-21731	67	5	between	between	ADP
eistud-21731	67	6	companies	company	NOUN
eistud-21731	67	7	in	in	ADP
eistud-21731	67	8	the	the	DET
eistud-21731	67	9	same	same	ADJ
eistud-21731	67	10	industry	industry	NOUN
eistud-21731	67	11	.	.	PUNCT
eistud-21731	68	1	a	a	DET
eistud-21731	68	2	horizontal	horizontal	ADJ
eistud-21731	68	3	merger	merger	NOUN
eistud-21731	68	4	is	be	AUX
eistud-21731	68	5	a	a	DET
eistud-21731	68	6	business	business	NOUN
eistud-21731	68	7	consolidation	consolidation	NOUN
eistud-21731	68	8	that	that	PRON
eistud-21731	68	9	occurs	occur	VERB
eistud-21731	68	10	between	between	ADP
eistud-21731	68	11	firms	firm	NOUN
eistud-21731	68	12	who	who	PRON
eistud-21731	68	13	operate	operate	VERB
eistud-21731	68	14	in	in	ADP
eistud-21731	68	15	the	the	DET
eistud-21731	68	16	same	same	ADJ
eistud-21731	68	17	space	space	NOUN
eistud-21731	68	18	,	,	PUNCT
eistud-21731	68	19	often	often	ADV
eistud-21731	68	20	as	as	SCONJ
eistud-21731	68	21	competitors	competitor	NOUN
eistud-21731	68	22	offering	offer	VERB
eistud-21731	68	23	the	the	DET
eistud-21731	68	24	same	same	ADJ
eistud-21731	68	25	good	good	NOUN
eistud-21731	68	26	or	or	CCONJ
eistud-21731	68	27	service	service	NOUN
eistud-21731	68	28	.	.	PUNCT
eistud-21731	69	1	horizontal	horizontal	ADJ
eistud-21731	69	2	mergers	merger	NOUN
eistud-21731	69	3	are	be	AUX
eistud-21731	69	4	common	common	ADJ
eistud-21731	69	5	in	in	ADP
eistud-21731	69	6	industries	industry	NOUN
eistud-21731	69	7	with	with	ADP
eistud-21731	69	8	fewer	few	ADJ
eistud-21731	69	9	firms	firm	NOUN
eistud-21731	69	10	,	,	PUNCT
eistud-21731	69	11	as	as	SCONJ
eistud-21731	69	12	competition	competition	NOUN
eistud-21731	69	13	tends	tend	VERB
eistud-21731	69	14	to	to	PART
eistud-21731	69	15	be	be	AUX
eistud-21731	69	16	higher	high	ADJ
eistud-21731	69	17	and	and	CCONJ
eistud-21731	69	18	the	the	DET
eistud-21731	69	19	synergies	synergy	NOUN
eistud-21731	69	20	and	and	CCONJ
eistud-21731	69	21	potential	potential	ADJ
eistud-21731	69	22	gains	gain	NOUN
eistud-21731	69	23	in	in	ADP
eistud-21731	69	24	market	market	NOUN
eistud-21731	69	25	share	share	NOUN
eistud-21731	69	26	are	be	AUX
eistud-21731	69	27	much	much	ADV
eistud-21731	69	28	greater	great	ADJ
eistud-21731	69	29	for	for	ADP
eistud-21731	69	30	merging	merge	VERB
eistud-21731	69	31	firms	firm	NOUN
eistud-21731	69	32	in	in	ADP
eistud-21731	69	33	such	such	DET
eistud-21731	69	34	an	an	DET
eistud-21731	69	35	industry	industry	NOUN
eistud-21731	69	36	.	.	PUNCT
eistud-21731	70	1	vertical	vertical	VERB
eistud-21731	70	2	a	a	DET
eistud-21731	70	3	merger	merger	NOUN
eistud-21731	70	4	between	between	ADP
eistud-21731	70	5	two	two	NUM
eistud-21731	70	6	companies	company	NOUN
eistud-21731	70	7	producing	produce	VERB
eistud-21731	70	8	different	different	ADJ
eistud-21731	70	9	goods	good	NOUN
eistud-21731	70	10	or	or	CCONJ
eistud-21731	70	11	services	service	NOUN
eistud-21731	70	12	for	for	ADP
eistud-21731	70	13	one	one	NUM
eistud-21731	70	14	specific	specific	ADJ
eistud-21731	70	15	finished	finished	ADJ
eistud-21731	70	16	product	product	NOUN
eistud-21731	70	17	.	.	PUNCT
eistud-21731	71	1	a	a	DET
eistud-21731	71	2	vertical	vertical	ADJ
eistud-21731	71	3	merger	merger	NOUN
eistud-21731	71	4	occurs	occur	VERB
eistud-21731	71	5	when	when	SCONJ
eistud-21731	71	6	two	two	NUM
eistud-21731	71	7	or	or	CCONJ
eistud-21731	71	8	more	more	ADJ
eistud-21731	71	9	firms	firm	NOUN
eistud-21731	71	10	,	,	PUNCT
eistud-21731	71	11	operating	operate	VERB
eistud-21731	71	12	at	at	ADP
eistud-21731	71	13	different	different	ADJ
eistud-21731	71	14	levels	level	NOUN
eistud-21731	71	15	within	within	ADP
eistud-21731	71	16	an	an	DET
eistud-21731	71	17	industry	industry	NOUN
eistud-21731	71	18	's	's	PART
eistud-21731	71	19	supply	supply	NOUN
eistud-21731	71	20	chain	chain	NOUN
eistud-21731	71	21	,	,	PUNCT
eistud-21731	71	22	merge	merge	VERB
eistud-21731	71	23	operations	operation	NOUN
eistud-21731	71	24	.	.	PUNCT
eistud-21731	72	1	most	most	ADV
eistud-21731	72	2	often	often	ADV
eistud-21731	72	3	the	the	DET
eistud-21731	72	4	logic	logic	NOUN
eistud-21731	72	5	behind	behind	ADP
eistud-21731	72	6	the	the	DET
eistud-21731	72	7	merger	merger	NOUN
eistud-21731	72	8	is	be	AUX
eistud-21731	72	9	to	to	PART
eistud-21731	72	10	increase	increase	VERB
eistud-21731	72	11	synergies	synergy	NOUN
eistud-21731	72	12	created	create	VERB
eistud-21731	72	13	by	by	ADP
eistud-21731	72	14	merging	merge	VERB
eistud-21731	72	15	firms	firm	NOUN
eistud-21731	72	16	that	that	PRON
eistud-21731	72	17	would	would	AUX
eistud-21731	72	18	be	be	AUX
eistud-21731	72	19	more	more	ADV
eistud-21731	72	20	efficient	efficient	ADJ
eistud-21731	72	21	operating	operating	NOUN
eistud-21731	72	22	as	as	ADP
eistud-21731	72	23	one	one	NUM
eistud-21731	72	24	.	.	PUNCT
eistud-21731	73	1	market	market	NOUN
eistud-21731	73	2	extension	extension	NOUN
eistud-21731	73	3	a	a	DET
eistud-21731	73	4	market	market	NOUN
eistud-21731	73	5	extension	extension	NOUN
eistud-21731	73	6	merger	merger	NOUN
eistud-21731	73	7	takes	take	VERB
eistud-21731	73	8	place	place	NOUN
eistud-21731	73	9	between	between	ADP
eistud-21731	73	10	two	two	NUM
eistud-21731	73	11	companies	company	NOUN
eistud-21731	73	12	that	that	PRON
eistud-21731	73	13	deal	deal	VERB
eistud-21731	73	14	in	in	ADP
eistud-21731	73	15	the	the	DET
eistud-21731	73	16	same	same	ADJ
eistud-21731	73	17	products	product	NOUN
eistud-21731	73	18	but	but	CCONJ
eistud-21731	73	19	in	in	ADP
eistud-21731	73	20	separate	separate	ADJ
eistud-21731	73	21	markets	market	NOUN
eistud-21731	73	22	.	.	PUNCT
eistud-21731	74	1	the	the	DET
eistud-21731	74	2	main	main	ADJ
eistud-21731	74	3	purpose	purpose	NOUN
eistud-21731	74	4	of	of	ADP
eistud-21731	74	5	the	the	DET
eistud-21731	74	6	market	market	NOUN
eistud-21731	74	7	extension	extension	NOUN
eistud-21731	74	8	merger	merger	NOUN
eistud-21731	74	9	is	be	AUX
eistud-21731	74	10	to	to	PART
eistud-21731	74	11	make	make	VERB
eistud-21731	74	12	sure	sure	ADJ
eistud-21731	74	13	that	that	SCONJ
eistud-21731	74	14	the	the	DET
eistud-21731	74	15	merging	merge	VERB
eistud-21731	74	16	companies	company	NOUN
eistud-21731	74	17	can	can	AUX
eistud-21731	74	18	get	get	VERB
eistud-21731	74	19	access	access	NOUN
eistud-21731	74	20	to	to	ADP
eistud-21731	74	21	a	a	DET
eistud-21731	74	22	bigger	big	ADJ
eistud-21731	74	23	market	market	NOUN
eistud-21731	74	24	and	and	CCONJ
eistud-21731	74	25	that	that	PRON
eistud-21731	74	26	ensures	ensure	VERB
eistud-21731	74	27	a	a	DET
eistud-21731	74	28	bigger	big	ADJ
eistud-21731	74	29	client	client	NOUN
eistud-21731	74	30	base	base	NOUN
eistud-21731	74	31	.	.	PUNCT
eistud-21731	75	1	product	product	NOUN
eistud-21731	75	2	extension	extension	NOUN
eistud-21731	75	3	a	a	DET
eistud-21731	75	4	product	product	NOUN
eistud-21731	75	5	extension	extension	NOUN
eistud-21731	75	6	merger	merger	NOUN
eistud-21731	75	7	takes	take	VERB
eistud-21731	75	8	place	place	NOUN
eistud-21731	75	9	between	between	ADP
eistud-21731	75	10	two	two	NUM
eistud-21731	75	11	business	business	NOUN
eistud-21731	75	12	organizations	organization	NOUN
eistud-21731	75	13	that	that	PRON
eistud-21731	75	14	deal	deal	VERB
eistud-21731	75	15	in	in	ADP
eistud-21731	75	16	products	product	NOUN
eistud-21731	75	17	that	that	PRON
eistud-21731	75	18	are	be	AUX
eistud-21731	75	19	related	relate	VERB
eistud-21731	75	20	to	to	ADP
eistud-21731	75	21	each	each	DET
eistud-21731	75	22	other	other	ADJ
eistud-21731	75	23	and	and	CCONJ
eistud-21731	75	24	operate	operate	VERB
eistud-21731	75	25	in	in	ADP
eistud-21731	75	26	the	the	DET
eistud-21731	75	27	same	same	ADJ
eistud-21731	75	28	market	market	NOUN
eistud-21731	75	29	.	.	PUNCT
eistud-21731	76	1	the	the	DET
eistud-21731	76	2	product	product	NOUN
eistud-21731	76	3	extension	extension	NOUN
eistud-21731	76	4	merger	merger	NOUN
eistud-21731	76	5	allows	allow	VERB
eistud-21731	76	6	the	the	DET
eistud-21731	76	7	merging	merge	VERB
eistud-21731	76	8	companies	company	NOUN
eistud-21731	76	9	to	to	PART
eistud-21731	76	10	group	group	VERB
eistud-21731	76	11	together	together	ADV
eistud-21731	76	12	their	their	PRON
eistud-21731	76	13	products	product	NOUN
eistud-21731	76	14	and	and	CCONJ
eistud-21731	76	15	get	get	VERB
eistud-21731	76	16	access	access	NOUN
eistud-21731	76	17	to	to	ADP
eistud-21731	76	18	a	a	DET
eistud-21731	76	19	bigger	big	ADJ
eistud-21731	76	20	set	set	NOUN
eistud-21731	76	21	of	of	ADP
eistud-21731	76	22	consumers	consumer	NOUN
eistud-21731	76	23	.	.	PUNCT
eistud-21731	77	1	this	this	PRON
eistud-21731	77	2	ensures	ensure	VERB
eistud-21731	77	3	that	that	SCONJ
eistud-21731	77	4	they	they	PRON
eistud-21731	77	5	earn	earn	VERB
eistud-21731	77	6	higher	high	ADJ
eistud-21731	77	7	profits	profit	NOUN
eistud-21731	77	8	.	.	PUNCT
eistud-21731	78	1	source	source	NOUN
eistud-21731	78	2	:	:	PUNCT
eistud-21731	78	3	minority	minority	NOUN
eistud-21731	78	4	business	business	PROPN
eistud-21731	78	5	development	development	PROPN
eistud-21731	78	6	agency	agency	PROPN
eistud-21731	78	7	u.s	u.s	PROPN
eistud-21731	78	8	.	.	PROPN
eistud-21731	78	9	department	department	PROPN
eistud-21731	78	10	of	of	ADP
eistud-21731	78	11	commerce	commerce	PROPN
eistud-21731	78	12	(	(	PUNCT
eistud-21731	78	13	2012	2012	NUM
eistud-21731	78	14	)	)	PUNCT
eistud-21731	78	15	.	.	PUNCT
eistud-21731	79	1	competitor	competitor	NOUN
eistud-21731	79	2	are	be	AUX
eistud-21731	79	3	horizontal	horizontal	ADJ
eistud-21731	79	4	)	)	PUNCT
eistud-21731	79	5	.	.	PUNCT
eistud-21731	80	1	as	as	SCONJ
eistud-21731	80	2	stated	state	VERB
eistud-21731	80	3	by	by	ADP
eistud-21731	80	4	prager	prager	PROPN
eistud-21731	80	5	(	(	PUNCT
eistud-21731	80	6	1992	1992	NUM
eistud-21731	80	7	)	)	PUNCT
eistud-21731	80	8	horizontal	horizontal	ADJ
eistud-21731	80	9	mergers	merger	NOUN
eistud-21731	80	10	have	have	VERB
eistud-21731	80	11	a	a	DET
eistud-21731	80	12	direct	direct	ADJ
eistud-21731	80	13	impact	impact	NOUN
eistud-21731	80	14	on	on	ADP
eistud-21731	80	15	competitors	competitor	NOUN
eistud-21731	80	16	,	,	PUNCT
eistud-21731	80	17	a	a	DET
eistud-21731	80	18	new	new	ADJ
eistud-21731	80	19	entity	entity	NOUN
eistud-21731	80	20	created	create	VERB
eistud-21731	80	21	by	by	ADP
eistud-21731	80	22	the	the	DET
eistud-21731	80	23	merger	merger	NOUN
eistud-21731	80	24	has	have	VERB
eistud-21731	80	25	a	a	DET
eistud-21731	80	26	new	new	ADJ
eistud-21731	80	27	strategic	strategic	ADJ
eistud-21731	80	28	position	position	NOUN
eistud-21731	80	29	and	and	CCONJ
eistud-21731	80	30	expands	expand	VERB
eistud-21731	80	31	from	from	ADP
eistud-21731	80	32	the	the	DET
eistud-21731	80	33	competitor	competitor	NOUN
eistud-21731	80	34	’s	’s	PART
eistud-21731	80	35	part	part	NOUN
eistud-21731	80	36	.	.	PUNCT
eistud-21731	81	1	gugler	gugler	NOUN
eistud-21731	81	2	and	and	CCONJ
eistud-21731	81	3	meuller	meuller	NOUN
eistud-21731	81	4	(	(	PUNCT
eistud-21731	81	5	2002	2002	NUM
eistud-21731	81	6	)	)	PUNCT
eistud-21731	81	7	state	state	NOUN
eistud-21731	81	8	that	that	SCONJ
eistud-21731	81	9	there	there	PRON
eistud-21731	81	10	are	be	VERB
eistud-21731	81	11	two	two	NUM
eistud-21731	81	12	types	type	NOUN
eistud-21731	81	13	of	of	ADP
eistud-21731	81	14	outcome	outcome	NOUN
eistud-21731	81	15	and	and	CCONJ
eistud-21731	81	16	it	it	PRON
eistud-21731	81	17	depends	depend	VERB
eistud-21731	81	18	on	on	ADP
eistud-21731	81	19	the	the	DET
eistud-21731	81	20	new	new	ADJ
eistud-21731	81	21	entities	entity	NOUN
eistud-21731	81	22	behavior	behavior	NOUN
eistud-21731	81	23	if	if	SCONJ
eistud-21731	81	24	a	a	DET
eistud-21731	81	25	new	new	ADJ
eistud-21731	81	26	entity	entity	NOUN
eistud-21731	81	27	raise	raise	VERB
eistud-21731	81	28	the	the	DET
eistud-21731	81	29	price	price	NOUN
eistud-21731	81	30	competitors	competitor	NOUN
eistud-21731	81	31	will	will	AUX
eistud-21731	81	32	do	do	VERB
eistud-21731	81	33	the	the	DET
eistud-21731	81	34	same	same	ADJ
eistud-21731	81	35	and	and	CCONJ
eistud-21731	81	36	the	the	DET
eistud-21731	81	37	profit	profit	NOUN
eistud-21731	81	38	will	will	AUX
eistud-21731	81	39	rise	rise	VERB
eistud-21731	81	40	,	,	PUNCT
eistud-21731	81	41	the	the	DET
eistud-21731	81	42	market	market	NOUN
eistud-21731	81	43	structure	structure	NOUN
eistud-21731	81	44	will	will	AUX
eistud-21731	81	45	not	not	PART
eistud-21731	81	46	change	change	VERB
eistud-21731	81	47	(	(	PUNCT
eistud-21731	81	48	the	the	DET
eistud-21731	81	49	consumers	consumer	NOUN
eistud-21731	81	50	will	will	AUX
eistud-21731	81	51	have	have	AUX
eistud-21731	81	52	the	the	DET
eistud-21731	81	53	losses	loss	NOUN
eistud-21731	81	54	in	in	ADP
eistud-21731	81	55	this	this	DET
eistud-21731	81	56	case	case	NOUN
eistud-21731	81	57	)	)	PUNCT
eistud-21731	81	58	but	but	CCONJ
eistud-21731	81	59	if	if	SCONJ
eistud-21731	81	60	a	a	DET
eistud-21731	81	61	new	new	ADJ
eistud-21731	81	62	entity	entity	NOUN
eistud-21731	81	63	gets	get	VERB
eistud-21731	81	64	additional	additional	ADJ
eistud-21731	81	65	resources	resource	NOUN
eistud-21731	81	66	from	from	ADP
eistud-21731	81	67	the	the	DET
eistud-21731	81	68	synergy	synergy	NOUN
eistud-21731	81	69	and	and	CCONJ
eistud-21731	81	70	lowers	lower	VERB
eistud-21731	81	71	the	the	DET
eistud-21731	81	72	prices	price	NOUN
eistud-21731	81	73	then	then	ADV
eistud-21731	81	74	the	the	DET
eistud-21731	81	75	expansion	expansion	NOUN
eistud-21731	81	76	comes	come	VERB
eistud-21731	81	77	from	from	ADP
eistud-21731	81	78	the	the	DET
eistud-21731	81	79	competitors	competitor	NOUN
eistud-21731	81	80	share	share	NOUN
eistud-21731	81	81	of	of	ADP
eistud-21731	81	82	the	the	DET
eistud-21731	81	83	market	market	NOUN
eistud-21731	81	84	.	.	PUNCT
eistud-21731	82	1	keeping	keep	VERB
eistud-21731	82	2	a	a	DET
eistud-21731	82	3	discussion	discussion	NOUN
eistud-21731	82	4	in	in	ADP
eistud-21731	82	5	the	the	DET
eistud-21731	82	6	field	field	NOUN
eistud-21731	82	7	of	of	ADP
eistud-21731	82	8	impact	impact	NOUN
eistud-21731	82	9	on	on	ADP
eistud-21731	82	10	competitors	competitor	NOUN
eistud-21731	82	11	according	accord	VERB
eistud-21731	82	12	to	to	ADP
eistud-21731	82	13	hsieh	hsieh	PROPN
eistud-21731	82	14	and	and	CCONJ
eistud-21731	82	15	lin	lin	PROPN
eistud-21731	82	16	(	(	PUNCT
eistud-21731	82	17	2016	2016	NUM
eistud-21731	82	18	)	)	PUNCT
eistud-21731	82	19	the	the	DET
eistud-21731	82	20	effect	effect	NOUN
eistud-21731	82	21	of	of	ADP
eistud-21731	82	22	concentration	concentration	NOUN
eistud-21731	82	23	change	change	NOUN
eistud-21731	82	24	to	to	ADP
eistud-21731	82	25	competitors	competitor	NOUN
eistud-21731	82	26	is	be	AUX
eistud-21731	82	27	clearly	clearly	ADV
eistud-21731	82	28	negative	negative	ADJ
eistud-21731	82	29	.	.	PUNCT
eistud-21731	83	1	also	also	ADV
eistud-21731	83	2	,	,	PUNCT
eistud-21731	83	3	there	there	PRON
eistud-21731	83	4	is	be	VERB
eistud-21731	83	5	the	the	DET
eistud-21731	83	6	acquisition	acquisition	NOUN
eistud-21731	83	7	process	process	NOUN
eistud-21731	83	8	in	in	ADP
eistud-21731	83	9	the	the	DET
eistud-21731	83	10	markets	market	NOUN
eistud-21731	83	11	and	and	CCONJ
eistud-21731	83	12	alike	alike	ADV
eistud-21731	83	13	merger	merger	NOUN
eistud-21731	83	14	there	there	PRON
eistud-21731	83	15	are	be	VERB
eistud-21731	83	16	three	three	NUM
eistud-21731	83	17	types	type	NOUN
eistud-21731	83	18	of	of	ADP
eistud-21731	83	19	mergers	merger	NOUN
eistud-21731	83	20	horizontal	horizontal	ADJ
eistud-21731	83	21	,	,	PUNCT
eistud-21731	83	22	vertical	vertical	ADJ
eistud-21731	83	23	and	and	CCONJ
eistud-21731	83	24	conglomerate	conglomerate	NOUN
eistud-21731	83	25	,	,	PUNCT
eistud-21731	83	26	where	where	SCONJ
eistud-21731	83	27	horizontal	horizontal	ADJ
eistud-21731	83	28	and	and	CCONJ
eistud-21731	83	29	vertical	vertical	ADJ
eistud-21731	83	30	acquisitions	acquisition	NOUN
eistud-21731	83	31	are	be	AUX
eistud-21731	83	32	focused	focus	VERB
eistud-21731	83	33	on	on	ADP
eistud-21731	83	34	the	the	DET
eistud-21731	83	35	market	market	NOUN
eistud-21731	83	36	expansion	expansion	NOUN
eistud-21731	83	37	and	and	CCONJ
eistud-21731	83	38	only	only	ADV
eistud-21731	83	39	the	the	DET
eistud-21731	83	40	conglomerate	conglomerate	NOUN
eistud-21731	83	41	acquisition	acquisition	NOUN
eistud-21731	83	42	aims	aim	VERB
eistud-21731	83	43	to	to	ADP
eistud-21731	83	44	diversification	diversification	NOUN
eistud-21731	83	45	of	of	ADP
eistud-21731	83	46	risk	risk	NOUN
eistud-21731	83	47	and	and	CCONJ
eistud-21731	83	48	does	do	AUX
eistud-21731	83	49	not	not	PART
eistud-21731	83	50	focus	focus	VERB
eistud-21731	83	51	on	on	ADP
eistud-21731	83	52	the	the	DET
eistud-21731	83	53	increase	increase	NOUN
eistud-21731	83	54	of	of	ADP
eistud-21731	83	55	competition	competition	NOUN
eistud-21731	83	56	(	(	PUNCT
eistud-21731	83	57	pearce	pearce	PROPN
eistud-21731	83	58	and	and	CCONJ
eistud-21731	83	59	robinson	robinson	PROPN
eistud-21731	83	60	,	,	PUNCT
eistud-21731	83	61	2013	2013	NUM
eistud-21731	83	62	)	)	PUNCT
eistud-21731	83	63	.	.	PUNCT
eistud-21731	84	1	the	the	DET
eistud-21731	84	2	competitors	competitor	NOUN
eistud-21731	84	3	’	’	PART
eistud-21731	84	4	view	view	NOUN
eistud-21731	84	5	of	of	ADP
eistud-21731	84	6	the	the	DET
eistud-21731	84	7	merger	merger	NOUN
eistud-21731	84	8	and	and	CCONJ
eistud-21731	84	9	acquisition	acquisition	NOUN
eistud-21731	84	10	process	process	NOUN
eistud-21731	84	11	is	be	AUX
eistud-21731	84	12	pretty	pretty	ADV
eistud-21731	84	13	clear	clear	ADJ
eistud-21731	84	14	and	and	CCONJ
eistud-21731	84	15	has	have	VERB
eistud-21731	84	16	only	only	ADV
eistud-21731	84	17	a	a	DET
eistud-21731	84	18	negative	negative	ADJ
eistud-21731	84	19	effect	effect	NOUN
eistud-21731	84	20	,	,	PUNCT
eistud-21731	84	21	even	even	ADV
eistud-21731	84	22	though	though	SCONJ
eistud-21731	84	23	there	there	PRON
eistud-21731	84	24	are	be	VERB
eistud-21731	84	25	certain	certain	ADJ
eistud-21731	84	26	types	type	NOUN
eistud-21731	84	27	of	of	ADP
eistud-21731	84	28	mergers	merger	NOUN
eistud-21731	84	29	and	and	CCONJ
eistud-21731	84	30	acquisition	acquisition	NOUN
eistud-21731	84	31	that	that	PRON
eistud-21731	84	32	do	do	AUX
eistud-21731	84	33	not	not	PART
eistud-21731	84	34	have	have	VERB
eistud-21731	84	35	a	a	DET
eistud-21731	84	36	direct	direct	ADJ
eistud-21731	84	37	impact	impact	NOUN
eistud-21731	84	38	on	on	ADP
eistud-21731	84	39	competition	competition	NOUN
eistud-21731	84	40	,	,	PUNCT
eistud-21731	84	41	the	the	DET
eistud-21731	84	42	competitors	competitor	NOUN
eistud-21731	84	43	could	could	AUX
eistud-21731	84	44	be	be	AUX
eistud-21731	84	45	touched	touch	VERB
eistud-21731	84	46	indirectly	indirectly	ADV
eistud-21731	84	47	as	as	ADP
eistud-21731	84	48	in	in	ADP
eistud-21731	84	49	value	value	NOUN
eistud-21731	84	50	chain	chain	NOUN
eistud-21731	84	51	link	link	NOUN
eistud-21731	84	52	by	by	ADP
eistud-21731	84	53	vertical	vertical	ADJ
eistud-21731	84	54	merger	merger	NOUN
eistud-21731	84	55	or	or	CCONJ
eistud-21731	84	56	by	by	ADP
eistud-21731	84	57	the	the	DET
eistud-21731	84	58	product	product	NOUN
eistud-21731	84	59	extension	extension	NOUN
eistud-21731	84	60	or	or	CCONJ
eistud-21731	84	61	market	market	NOUN
eistud-21731	84	62	extension	extension	NOUN
eistud-21731	84	63	mergers	merger	NOUN
eistud-21731	84	64	.	.	PUNCT
eistud-21731	85	1	the	the	DET
eistud-21731	85	2	only	only	ADJ
eistud-21731	85	3	type	type	NOUN
eistud-21731	85	4	of	of	ADP
eistud-21731	85	5	merger	merger	NOUN
eistud-21731	85	6	or	or	CCONJ
eistud-21731	85	7	acquisition	acquisition	NOUN
eistud-21731	85	8	is	be	AUX
eistud-21731	85	9	conglomerate	conglomerate	NOUN
eistud-21731	85	10	,	,	PUNCT
eistud-21731	85	11	that	that	PRON
eistud-21731	85	12	has	have	VERB
eistud-21731	85	13	n’t	not	PART
eistud-21731	85	14	any	any	DET
eistud-21731	85	15	impact	impact	NOUN
eistud-21731	85	16	on	on	ADP
eistud-21731	85	17	competition	competition	NOUN
eistud-21731	85	18	directly	directly	ADV
eistud-21731	85	19	or	or	CCONJ
eistud-21731	85	20	indirectly	indirectly	ADV
eistud-21731	85	21	,	,	PUNCT
eistud-21731	85	22	however	however	ADV
eistud-21731	85	23	,	,	PUNCT
eistud-21731	85	24	the	the	DET
eistud-21731	85	25	future	future	NOUN
eistud-21731	85	26	of	of	ADP
eistud-21731	85	27	conglomerate	conglomerate	NOUN
eistud-21731	85	28	is	be	AUX
eistud-21731	85	29	held	hold	VERB
eistud-21731	85	30	unclear	unclear	ADJ
eistud-21731	85	31	because	because	SCONJ
eistud-21731	85	32	there	there	PRON
eistud-21731	85	33	is	be	VERB
eistud-21731	85	34	a	a	DET
eistud-21731	85	35	high	high	ADJ
eistud-21731	85	36	probability	probability	NOUN
eistud-21731	85	37	that	that	SCONJ
eistud-21731	85	38	in	in	ADP
eistud-21731	85	39	the	the	DET
eistud-21731	85	40	future	future	NOUN
eistud-21731	85	41	these	these	DET
eistud-21731	85	42	companies	company	NOUN
eistud-21731	85	43	could	could	AUX
eistud-21731	85	44	try	try	VERB
eistud-21731	85	45	to	to	PART
eistud-21731	85	46	expand	expand	VERB
eistud-21731	85	47	the	the	DET
eistud-21731	85	48	market	market	NOUN
eistud-21731	85	49	by	by	ADP
eistud-21731	85	50	acquiring	acquire	VERB
eistud-21731	85	51	or	or	CCONJ
eistud-21731	85	52	merging	merge	VERB
eistud-21731	85	53	with	with	ADP
eistud-21731	85	54	some	some	DET
eistud-21731	85	55	competitors	competitor	NOUN
eistud-21731	85	56	.	.	PUNCT
eistud-21731	86	1	european	european	ADJ
eistud-21731	86	2	integrat	integrat	PROPN
eistud-21731	86	3	ion	ion	NOUN
eistud-21731	86	4	studies	study	NOUN
eistud-21731	86	5	2018/12	2018/12	NUM
eistud-21731	86	6	68	68	NUM
eistud-21731	86	7	the	the	DET
eistud-21731	86	8	point	point	NOUN
eistud-21731	86	9	of	of	ADP
eistud-21731	86	10	the	the	DET
eistud-21731	86	11	customer	customer	NOUN
eistud-21731	86	12	can	can	AUX
eistud-21731	86	13	be	be	AUX
eistud-21731	86	14	explained	explain	VERB
eistud-21731	86	15	by	by	ADP
eistud-21731	86	16	the	the	DET
eistud-21731	86	17	wellness	wellness	NOUN
eistud-21731	86	18	of	of	ADP
eistud-21731	86	19	consumption	consumption	NOUN
eistud-21731	86	20	,	,	PUNCT
eistud-21731	86	21	if	if	SCONJ
eistud-21731	86	22	the	the	DET
eistud-21731	86	23	customer	customer	NOUN
eistud-21731	86	24	after	after	ADP
eistud-21731	86	25	a	a	DET
eistud-21731	86	26	merger	merger	NOUN
eistud-21731	86	27	or	or	CCONJ
eistud-21731	86	28	acquisition	acquisition	NOUN
eistud-21731	86	29	has	have	VERB
eistud-21731	86	30	to	to	PART
eistud-21731	86	31	pay	pay	VERB
eistud-21731	86	32	more	more	ADJ
eistud-21731	86	33	or	or	CCONJ
eistud-21731	86	34	receives	receive	VERB
eistud-21731	86	35	less	less	ADJ
eistud-21731	86	36	goods	good	NOUN
eistud-21731	86	37	and	and	CCONJ
eistud-21731	86	38	services	service	NOUN
eistud-21731	86	39	,	,	PUNCT
eistud-21731	86	40	then	then	ADV
eistud-21731	86	41	the	the	DET
eistud-21731	86	42	losses	loss	NOUN
eistud-21731	86	43	occurs	occur	VERB
eistud-21731	86	44	in	in	ADP
eistud-21731	86	45	his	his	PRON
eistud-21731	86	46	point	point	NOUN
eistud-21731	86	47	of	of	ADP
eistud-21731	86	48	perspective	perspective	NOUN
eistud-21731	86	49	.	.	PUNCT
eistud-21731	87	1	according	accord	VERB
eistud-21731	87	2	to	to	ADP
eistud-21731	87	3	mishra	mishra	PROPN
eistud-21731	87	4	and	and	CCONJ
eistud-21731	87	5	kumar	kumar	PROPN
eistud-21731	87	6	(	(	PUNCT
eistud-21731	87	7	2011	2011	NUM
eistud-21731	87	8	)	)	PUNCT
eistud-21731	87	9	mergers	merger	NOUN
eistud-21731	87	10	and	and	CCONJ
eistud-21731	87	11	acquisitions	acquisition	NOUN
eistud-21731	87	12	in	in	ADP
eistud-21731	87	13	india	india	PROPN
eistud-21731	87	14	’s	’s	PART
eistud-21731	87	15	sectors	sector	NOUN
eistud-21731	87	16	that	that	PRON
eistud-21731	87	17	are	be	AUX
eistud-21731	87	18	orientated	orientate	VERB
eistud-21731	87	19	to	to	ADP
eistud-21731	87	20	the	the	DET
eistud-21731	87	21	export	export	NOUN
eistud-21731	87	22	do	do	AUX
eistud-21731	87	23	not	not	PART
eistud-21731	87	24	make	make	VERB
eistud-21731	87	25	harm	harm	NOUN
eistud-21731	87	26	to	to	ADP
eistud-21731	87	27	the	the	DET
eistud-21731	87	28	customer	customer	NOUN
eistud-21731	87	29	,	,	PUNCT
eistud-21731	87	30	in	in	ADP
eistud-21731	87	31	fact	fact	NOUN
eistud-21731	87	32	,	,	PUNCT
eistud-21731	87	33	they	they	PRON
eistud-21731	87	34	can	can	AUX
eistud-21731	87	35	rapidly	rapidly	ADV
eistud-21731	87	36	expand	expand	VERB
eistud-21731	87	37	the	the	DET
eistud-21731	87	38	growth	growth	NOUN
eistud-21731	87	39	in	in	ADP
eistud-21731	87	40	the	the	DET
eistud-21731	87	41	economy	economy	NOUN
eistud-21731	87	42	and	and	CCONJ
eistud-21731	87	43	also	also	ADV
eistud-21731	87	44	innovations	innovation	NOUN
eistud-21731	87	45	,	,	PUNCT
eistud-21731	87	46	however	however	ADV
eistud-21731	87	47	,	,	PUNCT
eistud-21731	87	48	the	the	DET
eistud-21731	87	49	sectors	sector	NOUN
eistud-21731	87	50	orientated	orientate	VERB
eistud-21731	87	51	to	to	PART
eistud-21731	87	52	import	import	VERB
eistud-21731	87	53	results	result	NOUN
eistud-21731	87	54	as	as	ADP
eistud-21731	87	55	the	the	DET
eistud-21731	87	56	customer	customer	NOUN
eistud-21731	87	57	losses	loss	NOUN
eistud-21731	87	58	.	.	PUNCT
eistud-21731	88	1	however	however	ADV
eistud-21731	88	2	,	,	PUNCT
eistud-21731	88	3	there	there	PRON
eistud-21731	88	4	is	be	VERB
eistud-21731	88	5	still	still	ADV
eistud-21731	88	6	uncertainty	uncertainty	NOUN
eistud-21731	88	7	if	if	SCONJ
eistud-21731	88	8	the	the	DET
eistud-21731	88	9	mergers	merger	NOUN
eistud-21731	88	10	and	and	CCONJ
eistud-21731	88	11	acquisitions	acquisition	NOUN
eistud-21731	88	12	orientated	orientate	VERB
eistud-21731	88	13	to	to	PART
eistud-21731	88	14	export	export	VERB
eistud-21731	88	15	do	do	AUX
eistud-21731	88	16	not	not	PART
eistud-21731	88	17	really	really	ADV
eistud-21731	88	18	harm	harm	VERB
eistud-21731	88	19	the	the	DET
eistud-21731	88	20	foreign	foreign	ADJ
eistud-21731	88	21	markets	market	NOUN
eistud-21731	88	22	,	,	PUNCT
eistud-21731	88	23	therefore	therefore	ADV
eistud-21731	88	24	novickytė	novickytė	NOUN
eistud-21731	88	25	and	and	CCONJ
eistud-21731	88	26	šileika	šileika	PROPN
eistud-21731	88	27	(	(	PUNCT
eistud-21731	88	28	2010	2010	NUM
eistud-21731	88	29	)	)	PUNCT
eistud-21731	88	30	in	in	ADP
eistud-21731	88	31	relation	relation	NOUN
eistud-21731	88	32	with	with	ADP
eistud-21731	88	33	mergers	merger	NOUN
eistud-21731	88	34	and	and	CCONJ
eistud-21731	88	35	acquisitions	acquisition	NOUN
eistud-21731	88	36	give	give	VERB
eistud-21731	88	37	a	a	DET
eistud-21731	88	38	conditional	conditional	ADJ
eistud-21731	88	39	statement	statement	NOUN
eistud-21731	88	40	according	accord	VERB
eistud-21731	88	41	to	to	ADP
eistud-21731	88	42	which	which	PRON
eistud-21731	88	43	if	if	SCONJ
eistud-21731	88	44	mergers	merger	NOUN
eistud-21731	88	45	and	and	CCONJ
eistud-21731	88	46	acquisition	acquisition	NOUN
eistud-21731	88	47	lead	lead	NOUN
eistud-21731	88	48	to	to	ADP
eistud-21731	88	49	scale	scale	NOUN
eistud-21731	88	50	of	of	ADP
eistud-21731	88	51	economy	economy	NOUN
eistud-21731	88	52	and	and	CCONJ
eistud-21731	88	53	synergy	synergy	NOUN
eistud-21731	88	54	,	,	PUNCT
eistud-21731	88	55	customer	customer	NOUN
eistud-21731	88	56	wellness	wellness	NOUN
eistud-21731	88	57	goes	go	VERB
eistud-21731	88	58	up	up	ADP
eistud-21731	88	59	because	because	SCONJ
eistud-21731	88	60	price	price	NOUN
eistud-21731	88	61	goes	go	VERB
eistud-21731	88	62	down	down	ADP
eistud-21731	88	63	due	due	ADP
eistud-21731	88	64	to	to	ADP
eistud-21731	88	65	these	these	DET
eistud-21731	88	66	effects	effect	NOUN
eistud-21731	88	67	,	,	PUNCT
eistud-21731	88	68	but	but	CCONJ
eistud-21731	88	69	if	if	SCONJ
eistud-21731	88	70	the	the	DET
eistud-21731	88	71	process	process	NOUN
eistud-21731	88	72	were	be	AUX
eistud-21731	88	73	constructed	construct	VERB
eistud-21731	88	74	to	to	PART
eistud-21731	88	75	obtain	obtain	VERB
eistud-21731	88	76	a	a	DET
eistud-21731	88	77	dominant	dominant	ADJ
eistud-21731	88	78	position	position	NOUN
eistud-21731	88	79	in	in	ADP
eistud-21731	88	80	the	the	DET
eistud-21731	88	81	market	market	NOUN
eistud-21731	88	82	price	price	NOUN
eistud-21731	88	83	goes	go	VERB
eistud-21731	88	84	up	up	ADP
eistud-21731	88	85	and	and	CCONJ
eistud-21731	88	86	customer	customer	NOUN
eistud-21731	88	87	gains	gain	NOUN
eistud-21731	88	88	losses	loss	NOUN
eistud-21731	88	89	.	.	PUNCT
eistud-21731	89	1	giving	give	VERB
eistud-21731	89	2	a	a	DET
eistud-21731	89	3	consideration	consideration	NOUN
eistud-21731	89	4	that	that	SCONJ
eistud-21731	89	5	the	the	DET
eistud-21731	89	6	mergers	merger	NOUN
eistud-21731	89	7	and	and	CCONJ
eistud-21731	89	8	acquisitions	acquisition	NOUN
eistud-21731	89	9	commonly	commonly	ADV
eistud-21731	89	10	occur	occur	VERB
eistud-21731	89	11	in	in	ADP
eistud-21731	89	12	oligopoly	oligopoly	ADJ
eistud-21731	89	13	market	market	NOUN
eistud-21731	89	14	structure	structure	NOUN
eistud-21731	89	15	,	,	PUNCT
eistud-21731	89	16	that	that	PRON
eistud-21731	89	17	is	be	AUX
eistud-21731	89	18	stated	state	VERB
eistud-21731	89	19	by	by	ADP
eistud-21731	89	20	ginevičius	ginevičius	NOUN
eistud-21731	89	21	and	and	CCONJ
eistud-21731	89	22	kvirka	kvirka	NOUN
eistud-21731	89	23	(	(	PUNCT
eistud-21731	89	24	2009	2009	NUM
eistud-21731	89	25	)	)	PUNCT
eistud-21731	89	26	is	be	AUX
eistud-21731	89	27	the	the	DET
eistud-21731	89	28	most	most	ADV
eistud-21731	89	29	inefficient	inefficient	ADJ
eistud-21731	89	30	market	market	NOUN
eistud-21731	89	31	on	on	ADP
eistud-21731	89	32	the	the	DET
eistud-21731	89	33	customer	customer	NOUN
eistud-21731	89	34	’s	’s	PART
eistud-21731	89	35	position	position	NOUN
eistud-21731	89	36	,	,	PUNCT
eistud-21731	89	37	the	the	DET
eistud-21731	89	38	mergers	merger	NOUN
eistud-21731	89	39	and	and	CCONJ
eistud-21731	89	40	acquisitions	acquisition	NOUN
eistud-21731	89	41	commonly	commonly	ADV
eistud-21731	89	42	will	will	AUX
eistud-21731	89	43	result	result	VERB
eistud-21731	89	44	in	in	ADP
eistud-21731	89	45	customer	customer	NOUN
eistud-21731	89	46	losses	loss	NOUN
eistud-21731	89	47	.	.	PUNCT
eistud-21731	90	1	moreover	moreover	ADV
eistud-21731	90	2	,	,	PUNCT
eistud-21731	90	3	steven	steven	PROPN
eistud-21731	90	4	,	,	PUNCT
eistud-21731	90	5	yazdi	yazdi	NOUN
eistud-21731	90	6	,	,	PUNCT
eistud-21731	90	7	and	and	CCONJ
eistud-21731	90	8	dresner	dresner	NOUN
eistud-21731	90	9	(	(	PUNCT
eistud-21731	90	10	2016	2016	NUM
eistud-21731	90	11	)	)	PUNCT
eistud-21731	90	12	widen	widen	VERB
eistud-21731	90	13	this	this	DET
eistud-21731	90	14	area	area	NOUN
eistud-21731	90	15	of	of	ADP
eistud-21731	90	16	customer	customer	NOUN
eistud-21731	90	17	losses	loss	NOUN
eistud-21731	90	18	by	by	ADP
eistud-21731	90	19	giving	give	VERB
eistud-21731	90	20	the	the	DET
eistud-21731	90	21	consideration	consideration	NOUN
eistud-21731	90	22	that	that	SCONJ
eistud-21731	90	23	losses	loss	NOUN
eistud-21731	90	24	could	could	AUX
eistud-21731	90	25	occur	occur	VERB
eistud-21731	90	26	not	not	PART
eistud-21731	90	27	only	only	ADV
eistud-21731	90	28	from	from	ADP
eistud-21731	90	29	the	the	DET
eistud-21731	90	30	price	price	NOUN
eistud-21731	90	31	but	but	CCONJ
eistud-21731	90	32	also	also	ADV
eistud-21731	90	33	from	from	ADP
eistud-21731	90	34	the	the	DET
eistud-21731	90	35	quality	quality	NOUN
eistud-21731	90	36	of	of	ADP
eistud-21731	90	37	goods	good	NOUN
eistud-21731	90	38	and	and	CCONJ
eistud-21731	90	39	services	service	NOUN
eistud-21731	90	40	which	which	PRON
eistud-21731	90	41	are	be	AUX
eistud-21731	90	42	provided	provide	VERB
eistud-21731	90	43	to	to	ADP
eistud-21731	90	44	the	the	DET
eistud-21731	90	45	customer	customer	NOUN
eistud-21731	90	46	.	.	PUNCT
eistud-21731	91	1	the	the	DET
eistud-21731	91	2	fourth	fourth	ADJ
eistud-21731	91	3	object	object	NOUN
eistud-21731	91	4	of	of	ADP
eistud-21731	91	5	mergers	merger	NOUN
eistud-21731	91	6	and	and	CCONJ
eistud-21731	91	7	acquisitions	acquisition	NOUN
eistud-21731	91	8	is	be	AUX
eistud-21731	91	9	the	the	DET
eistud-21731	91	10	impact	impact	NOUN
eistud-21731	91	11	on	on	ADP
eistud-21731	91	12	the	the	DET
eistud-21731	91	13	state	state	NOUN
eistud-21731	91	14	.	.	PUNCT
eistud-21731	92	1	according	accord	VERB
eistud-21731	92	2	to	to	ADP
eistud-21731	92	3	the	the	DET
eistud-21731	92	4	european	european	PROPN
eistud-21731	92	5	commission	commission	PROPN
eistud-21731	92	6	(	(	PUNCT
eistud-21731	92	7	2018	2018	NUM
eistud-21731	92	8	)	)	PUNCT
eistud-21731	92	9	,	,	PUNCT
eistud-21731	92	10	the	the	DET
eistud-21731	92	11	mergers	merger	NOUN
eistud-21731	92	12	and	and	CCONJ
eistud-21731	92	13	acquisitions	acquisition	NOUN
eistud-21731	92	14	are	be	AUX
eistud-21731	92	15	held	hold	VERB
eistud-21731	92	16	positive	positive	ADJ
eistud-21731	92	17	if	if	SCONJ
eistud-21731	92	18	it	it	PRON
eistud-21731	92	19	leads	lead	VERB
eistud-21731	92	20	to	to	ADP
eistud-21731	92	21	the	the	DET
eistud-21731	92	22	effectiveness	effectiveness	NOUN
eistud-21731	92	23	and	and	CCONJ
eistud-21731	92	24	innovations	innovation	NOUN
eistud-21731	92	25	aside	aside	ADV
eistud-21731	92	26	with	with	ADP
eistud-21731	92	27	technological	technological	ADJ
eistud-21731	92	28	development	development	NOUN
eistud-21731	92	29	.	.	PUNCT
eistud-21731	93	1	however	however	ADV
eistud-21731	93	2	,	,	PUNCT
eistud-21731	93	3	salleh	salleh	PROPN
eistud-21731	93	4	,	,	PUNCT
eistud-21731	93	5	mahmood	mahmood	PROPN
eistud-21731	93	6	,	,	PUNCT
eistud-21731	93	7	sufian	sufian	PROPN
eistud-21731	93	8	,	,	PUNCT
eistud-21731	93	9	othman	othman	PROPN
eistud-21731	93	10	,	,	PUNCT
eistud-21731	93	11	yaacob	yaacob	PROPN
eistud-21731	93	12	,	,	PUNCT
eistud-21731	93	13	nai	nai	X
eistud-21731	93	14	(	(	PUNCT
eistud-21731	93	15	2016	2016	NUM
eistud-21731	93	16	)	)	PUNCT
eistud-21731	93	17	in	in	ADP
eistud-21731	93	18	their	their	PRON
eistud-21731	93	19	research	research	NOUN
eistud-21731	93	20	have	have	AUX
eistud-21731	93	21	found	find	VERB
eistud-21731	93	22	that	that	SCONJ
eistud-21731	93	23	the	the	DET
eistud-21731	93	24	smaller	small	ADJ
eistud-21731	93	25	entities	entity	NOUN
eistud-21731	93	26	are	be	AUX
eistud-21731	93	27	capable	capable	ADJ
eistud-21731	93	28	to	to	PART
eistud-21731	93	29	reach	reach	VERB
eistud-21731	93	30	better	well	ADJ
eistud-21731	93	31	technological	technological	ADJ
eistud-21731	93	32	advance	advance	NOUN
eistud-21731	93	33	results	result	NOUN
eistud-21731	93	34	,	,	PUNCT
eistud-21731	93	35	which	which	PRON
eistud-21731	93	36	gives	give	VERB
eistud-21731	93	37	us	we	PRON
eistud-21731	93	38	an	an	DET
eistud-21731	93	39	uncertainty	uncertainty	NOUN
eistud-21731	93	40	whether	whether	SCONJ
eistud-21731	93	41	the	the	DET
eistud-21731	93	42	mergers	merger	NOUN
eistud-21731	93	43	and	and	CCONJ
eistud-21731	93	44	acquisitions	acquisition	NOUN
eistud-21731	93	45	gives	give	VERB
eistud-21731	93	46	a	a	DET
eistud-21731	93	47	positive	positive	ADJ
eistud-21731	93	48	effect	effect	NOUN
eistud-21731	93	49	in	in	ADP
eistud-21731	93	50	this	this	DET
eistud-21731	93	51	case	case	NOUN
eistud-21731	93	52	.	.	PUNCT
eistud-21731	94	1	on	on	ADP
eistud-21731	94	2	the	the	DET
eistud-21731	94	3	other	other	ADJ
eistud-21731	94	4	hand	hand	NOUN
eistud-21731	94	5	,	,	PUNCT
eistud-21731	94	6	stephen	stephen	NOUN
eistud-21731	94	7	and	and	CCONJ
eistud-21731	94	8	gantumur	gantumur	PROPN
eistud-21731	94	9	(	(	PUNCT
eistud-21731	94	10	2011	2011	NUM
eistud-21731	94	11	)	)	PUNCT
eistud-21731	94	12	have	have	AUX
eistud-21731	94	13	found	find	VERB
eistud-21731	94	14	a	a	DET
eistud-21731	94	15	positive	positive	ADJ
eistud-21731	94	16	relationship	relationship	NOUN
eistud-21731	94	17	between	between	ADP
eistud-21731	94	18	mergers	merger	NOUN
eistud-21731	94	19	and	and	CCONJ
eistud-21731	94	20	acquisitions	acquisition	NOUN
eistud-21731	94	21	in	in	ADP
eistud-21731	94	22	the	the	DET
eistud-21731	94	23	research	research	NOUN
eistud-21731	94	24	and	and	CCONJ
eistud-21731	94	25	development	development	NOUN
eistud-21731	94	26	field	field	NOUN
eistud-21731	94	27	.	.	PUNCT
eistud-21731	95	1	nocke	nocke	NOUN
eistud-21731	95	2	and	and	CCONJ
eistud-21731	95	3	yeaple	yeaple	PROPN
eistud-21731	95	4	(	(	PUNCT
eistud-21731	95	5	2006	2006	NUM
eistud-21731	95	6	)	)	PUNCT
eistud-21731	95	7	expand	expand	VERB
eistud-21731	95	8	the	the	DET
eistud-21731	95	9	positive	positive	ADJ
eistud-21731	95	10	effect	effect	NOUN
eistud-21731	95	11	on	on	ADP
eistud-21731	95	12	the	the	DET
eistud-21731	95	13	government	government	NOUN
eistud-21731	95	14	by	by	ADP
eistud-21731	95	15	stating	state	VERB
eistud-21731	95	16	that	that	SCONJ
eistud-21731	95	17	mergers	merger	NOUN
eistud-21731	95	18	and	and	CCONJ
eistud-21731	95	19	acquisitions	acquisition	NOUN
eistud-21731	95	20	increase	increase	VERB
eistud-21731	95	21	foreign	foreign	ADJ
eistud-21731	95	22	direct	direct	ADJ
eistud-21731	95	23	investments	investment	NOUN
eistud-21731	95	24	.	.	PUNCT
eistud-21731	96	1	however	however	ADV
eistud-21731	96	2	,	,	PUNCT
eistud-21731	96	3	we	we	PRON
eistud-21731	96	4	also	also	ADV
eistud-21731	96	5	have	have	VERB
eistud-21731	96	6	to	to	PART
eistud-21731	96	7	remember	remember	VERB
eistud-21731	96	8	tax	tax	NOUN
eistud-21731	96	9	optimization	optimization	NOUN
eistud-21731	96	10	benefit	benefit	NOUN
eistud-21731	96	11	to	to	ADP
eistud-21731	96	12	the	the	DET
eistud-21731	96	13	firm	firm	NOUN
eistud-21731	96	14	which	which	PRON
eistud-21731	96	15	occurs	occur	VERB
eistud-21731	96	16	in	in	ADP
eistud-21731	96	17	the	the	DET
eistud-21731	96	18	acquisitions	acquisition	NOUN
eistud-21731	96	19	and	and	CCONJ
eistud-21731	96	20	mergers	merger	NOUN
eistud-21731	96	21	processes	process	NOUN
eistud-21731	96	22	(	(	PUNCT
eistud-21731	96	23	devos	devos	PROPN
eistud-21731	96	24	,	,	PUNCT
eistud-21731	96	25	kadapakkam	kadapakkam	NOUN
eistud-21731	96	26	and	and	CCONJ
eistud-21731	96	27	krishshmanmurthy	krishshmanmurthy	ADJ
eistud-21731	96	28	,	,	PUNCT
eistud-21731	96	29	2009	2009	NUM
eistud-21731	96	30	)	)	PUNCT
eistud-21731	96	31	,	,	PUNCT
eistud-21731	96	32	that	that	SCONJ
eistud-21731	96	33	in	in	ADP
eistud-21731	96	34	the	the	DET
eistud-21731	96	35	government	government	NOUN
eistud-21731	96	36	case	case	NOUN
eistud-21731	96	37	is	be	AUX
eistud-21731	96	38	a	a	DET
eistud-21731	96	39	negative	negative	ADJ
eistud-21731	96	40	effect	effect	NOUN
eistud-21731	96	41	because	because	SCONJ
eistud-21731	96	42	fewer	few	ADJ
eistud-21731	96	43	taxes	taxis	NOUN
eistud-21731	96	44	will	will	AUX
eistud-21731	96	45	be	be	AUX
eistud-21731	96	46	collected	collect	VERB
eistud-21731	96	47	to	to	ADP
eistud-21731	96	48	the	the	DET
eistud-21731	96	49	budget	budget	NOUN
eistud-21731	96	50	.	.	PUNCT
eistud-21731	97	1	the	the	DET
eistud-21731	97	2	research	research	NOUN
eistud-21731	97	3	methodology	methodology	NOUN
eistud-21731	97	4	the	the	DET
eistud-21731	97	5	research	research	NOUN
eistud-21731	97	6	methodology	methodology	NOUN
eistud-21731	97	7	can	can	AUX
eistud-21731	97	8	be	be	AUX
eistud-21731	97	9	divided	divide	VERB
eistud-21731	97	10	into	into	ADP
eistud-21731	97	11	two	two	NUM
eistud-21731	97	12	valuation	valuation	NOUN
eistud-21731	97	13	parts	part	NOUN
eistud-21731	97	14	:	:	PUNCT
eistud-21731	97	15	the	the	DET
eistud-21731	97	16	valuation	valuation	NOUN
eistud-21731	97	17	of	of	ADP
eistud-21731	97	18	forecast	forecast	NOUN
eistud-21731	97	19	and	and	CCONJ
eistud-21731	97	20	fact	fact	NOUN
eistud-21731	97	21	difference	difference	NOUN
eistud-21731	97	22	and	and	CCONJ
eistud-21731	97	23	the	the	DET
eistud-21731	97	24	valuation	valuation	NOUN
eistud-21731	97	25	of	of	ADP
eistud-21731	97	26	ex	ex	NOUN
eistud-21731	97	27	-	-	ADJ
eistud-21731	97	28	post	post	ADJ
eistud-21731	97	29	analysis	analysis	NOUN
eistud-21731	97	30	.	.	PUNCT
eistud-21731	98	1	the	the	DET
eistud-21731	98	2	forecast	forecast	NOUN
eistud-21731	98	3	valuation	valuation	NOUN
eistud-21731	98	4	is	be	AUX
eistud-21731	98	5	a	a	DET
eistud-21731	98	6	method	method	NOUN
eistud-21731	98	7	proposed	propose	VERB
eistud-21731	98	8	by	by	ADP
eistud-21731	98	9	devos	devos	PROPN
eistud-21731	98	10	,	,	PUNCT
eistud-21731	98	11	kadapakkam	kadapakkam	NOUN
eistud-21731	98	12	and	and	CCONJ
eistud-21731	98	13	krishshmanmurthy	krishshmanmurthy	ADJ
eistud-21731	98	14	(	(	PUNCT
eistud-21731	98	15	2009	2009	NUM
eistud-21731	98	16	)	)	PUNCT
eistud-21731	98	17	,	,	PUNCT
eistud-21731	98	18	where	where	SCONJ
eistud-21731	98	19	at	at	ADP
eistud-21731	98	20	the	the	DET
eistud-21731	98	21	firm	firm	ADJ
eistud-21731	98	22	level	level	NOUN
eistud-21731	98	23	they	they	PRON
eistud-21731	98	24	measure	measure	VERB
eistud-21731	98	25	the	the	DET
eistud-21731	98	26	impact	impact	NOUN
eistud-21731	98	27	of	of	ADP
eistud-21731	98	28	a	a	DET
eistud-21731	98	29	merger	merger	NOUN
eistud-21731	98	30	by	by	ADP
eistud-21731	98	31	forecasting	forecast	VERB
eistud-21731	98	32	the	the	DET
eistud-21731	98	33	situation	situation	NOUN
eistud-21731	98	34	for	for	ADP
eistud-21731	98	35	non	non	ADJ
eistud-21731	98	36	-	-	ADJ
eistud-21731	98	37	merged	merged	ADJ
eistud-21731	98	38	companies	company	NOUN
eistud-21731	98	39	’	'	PUNCT
eistud-21731	98	40	and	and	CCONJ
eistud-21731	98	41	merged	merge	VERB
eistud-21731	98	42	companies	company	NOUN
eistud-21731	98	43	’	'	PUNCT
eistud-21731	98	44	fact	fact	NOUN
eistud-21731	98	45	,	,	PUNCT
eistud-21731	98	46	the	the	DET
eistud-21731	98	47	difference	difference	NOUN
eistud-21731	98	48	between	between	ADP
eistud-21731	98	49	fact	fact	NOUN
eistud-21731	98	50	and	and	CCONJ
eistud-21731	98	51	forecast	forecast	NOUN
eistud-21731	98	52	values	value	NOUN
eistud-21731	98	53	is	be	AUX
eistud-21731	98	54	the	the	DET
eistud-21731	98	55	synergy	synergy	NOUN
eistud-21731	98	56	of	of	ADP
eistud-21731	98	57	the	the	DET
eistud-21731	98	58	process	process	NOUN
eistud-21731	98	59	.	.	PUNCT
eistud-21731	99	1	the	the	DET
eistud-21731	99	2	authors	author	NOUN
eistud-21731	99	3	have	have	AUX
eistud-21731	99	4	taken	take	VERB
eistud-21731	99	5	the	the	DET
eistud-21731	99	6	forecast	forecast	NOUN
eistud-21731	99	7	modelling	modelling	NOUN
eistud-21731	99	8	method	method	NOUN
eistud-21731	99	9	and	and	CCONJ
eistud-21731	99	10	applied	apply	VERB
eistud-21731	99	11	it	it	PRON
eistud-21731	99	12	to	to	ADP
eistud-21731	99	13	other	other	ADJ
eistud-21731	99	14	economic	economic	ADJ
eistud-21731	99	15	objects	object	NOUN
eistud-21731	99	16	as	as	ADV
eistud-21731	99	17	well	well	ADV
eistud-21731	99	18	,	,	PUNCT
eistud-21731	99	19	these	these	DET
eistud-21731	99	20	statement	statement	NOUN
eistud-21731	99	21	of	of	ADP
eistud-21731	99	22	simulation	simulation	NOUN
eistud-21731	99	23	projection	projection	NOUN
eistud-21731	99	24	is	be	AUX
eistud-21731	99	25	also	also	ADV
eistud-21731	99	26	approved	approve	VERB
eistud-21731	99	27	by	by	ADP
eistud-21731	99	28	the	the	DET
eistud-21731	99	29	european	european	PROPN
eistud-21731	99	30	union	union	PROPN
eistud-21731	99	31	methodology	methodology	NOUN
eistud-21731	99	32	of	of	ADP
eistud-21731	99	33	m&a	m&a	PROPN
eistud-21731	99	34	valuation	valuation	NOUN
eistud-21731	99	35	(	(	PUNCT
eistud-21731	99	36	official	official	ADJ
eistud-21731	99	37	journal	journal	NOUN
eistud-21731	99	38	of	of	ADP
eistud-21731	99	39	the	the	DET
eistud-21731	99	40	european	european	PROPN
eistud-21731	99	41	union	union	PROPN
eistud-21731	99	42	,	,	PUNCT
eistud-21731	99	43	2008	2008	NUM
eistud-21731	99	44	/	/	SYM
eistud-21731	100	1	c	c	NOUN
eistud-21731	100	2	265/07	265/07	NUM
eistud-21731	100	3	)	)	PUNCT
eistud-21731	100	4	and	and	CCONJ
eistud-21731	100	5	also	also	ADV
eistud-21731	100	6	by	by	ADP
eistud-21731	100	7	farrell	farrell	PROPN
eistud-21731	100	8	and	and	CCONJ
eistud-21731	100	9	shapiro	shapiro	PROPN
eistud-21731	100	10	(	(	PUNCT
eistud-21731	100	11	2010	2010	NUM
eistud-21731	100	12	)	)	PUNCT
eistud-21731	100	13	.	.	PUNCT
eistud-21731	101	1	however	however	ADV
eistud-21731	101	2	,	,	PUNCT
eistud-21731	101	3	there	there	PRON
eistud-21731	101	4	are	be	VERB
eistud-21731	101	5	certain	certain	ADJ
eistud-21731	101	6	indicators	indicator	NOUN
eistud-21731	101	7	that	that	SCONJ
eistud-21731	101	8	in	in	ADP
eistud-21731	101	9	the	the	DET
eistud-21731	101	10	process	process	NOUN
eistud-21731	101	11	those	those	PRON
eistud-21731	101	12	can	can	AUX
eistud-21731	101	13	not	not	PART
eistud-21731	101	14	be	be	AUX
eistud-21731	101	15	forecasted	forecast	VERB
eistud-21731	101	16	and	and	CCONJ
eistud-21731	101	17	one	one	NUM
eistud-21731	101	18	of	of	ADP
eistud-21731	101	19	them	they	PRON
eistud-21731	101	20	is	be	AUX
eistud-21731	101	21	mester	mester	NOUN
eistud-21731	101	22	’s	’s	PART
eistud-21731	102	1	and	and	CCONJ
eistud-21731	102	2	hughes	hughes	PROPN
eistud-21731	102	3	’s	’s	PART
eistud-21731	102	4	(	(	PUNCT
eistud-21731	102	5	2008	2008	NUM
eistud-21731	102	6	)	)	PUNCT
eistud-21731	102	7	technological	technological	ADJ
eistud-21731	102	8	advance	advance	NOUN
eistud-21731	102	9	and	and	CCONJ
eistud-21731	102	10	innovations	innovation	NOUN
eistud-21731	102	11	indicator	indicator	NOUN
eistud-21731	102	12	and	and	CCONJ
eistud-21731	102	13	the	the	DET
eistud-21731	102	14	other	other	ADJ
eistud-21731	102	15	is	be	AUX
eistud-21731	102	16	steven	steven	PROPN
eistud-21731	102	17	’s	’s	PROPN
eistud-21731	102	18	,	,	PUNCT
eistud-21731	102	19	yazdi	yazdi	PROPN
eistud-21731	102	20	’s	’s	PART
eistud-21731	102	21	,	,	PUNCT
eistud-21731	102	22	and	and	CCONJ
eistud-21731	102	23	dresner	dresner	NOUN
eistud-21731	102	24	’s	’s	PART
eistud-21731	102	25	(	(	PUNCT
eistud-21731	102	26	2016	2016	NUM
eistud-21731	102	27	)	)	PUNCT
eistud-21731	102	28	service	service	NOUN
eistud-21731	102	29	quality	quality	NOUN
eistud-21731	102	30	indicator	indicator	NOUN
eistud-21731	102	31	.	.	PUNCT
eistud-21731	103	1	there	there	PRON
eistud-21731	103	2	are	be	VERB
eistud-21731	103	3	two	two	NUM
eistud-21731	103	4	forecast	forecast	NOUN
eistud-21731	103	5	methods	method	NOUN
eistud-21731	103	6	those	those	PRON
eistud-21731	103	7	are	be	AUX
eistud-21731	103	8	being	be	AUX
eistud-21731	103	9	used	use	VERB
eistud-21731	103	10	in	in	ADP
eistud-21731	103	11	this	this	DET
eistud-21731	103	12	model	model	NOUN
eistud-21731	103	13	:	:	PUNCT
eistud-21731	103	14	the	the	DET
eistud-21731	103	15	moving	move	VERB
eistud-21731	103	16	average	average	ADJ
eistud-21731	103	17	method	method	NOUN
eistud-21731	103	18	(	(	PUNCT
eistud-21731	103	19	proposed	propose	VERB
eistud-21731	103	20	by	by	ADP
eistud-21731	103	21	c.-y	c.-y	NOUN
eistud-21731	103	22	.	.	PUNCT
eistud-21731	104	1	chen	chen	PROPN
eistud-21731	104	2	,	,	PUNCT
eistud-21731	104	3	lee	lee	PROPN
eistud-21731	104	4	,	,	PUNCT
eistud-21731	104	5	kuo	kuo	PROPN
eistud-21731	104	6	,	,	PUNCT
eistud-21731	104	7	c.-w	c.-w	PROPN
eistud-21731	104	8	.	.	PUNCT
eistud-21731	105	1	chen	chen	PROPN
eistud-21731	105	2	,	,	PUNCT
eistud-21731	105	3	k.-h	k.-h	PROPN
eistud-21731	105	4	.	.	PUNCT
eistud-21731	106	1	chen	chen	PROPN
eistud-21731	106	2	,	,	PUNCT
eistud-21731	106	3	2010	2010	NUM
eistud-21731	106	4	)	)	PUNCT
eistud-21731	106	5	and	and	CCONJ
eistud-21731	106	6	the	the	DET
eistud-21731	106	7	linear	linear	ADJ
eistud-21731	106	8	trend	trend	NOUN
eistud-21731	106	9	method	method	NOUN
eistud-21731	106	10	(	(	PUNCT
eistud-21731	106	11	proposed	propose	VERB
eistud-21731	106	12	by	by	ADP
eistud-21731	106	13	gudaitis	gudaitis	PROPN
eistud-21731	106	14	and	and	CCONJ
eistud-21731	106	15	žagūnytė	žagūnytė	NOUN
eistud-21731	106	16	,	,	PUNCT
eistud-21731	106	17	2013	2013	NUM
eistud-21731	106	18	)	)	PUNCT
eistud-21731	106	19	,	,	PUNCT
eistud-21731	106	20	both	both	DET
eistud-21731	106	21	methods	method	NOUN
eistud-21731	106	22	allow	allow	VERB
eistud-21731	106	23	to	to	PART
eistud-21731	106	24	make	make	VERB
eistud-21731	106	25	accurate	accurate	ADJ
eistud-21731	106	26	forecasts	forecast	NOUN
eistud-21731	106	27	in	in	ADP
eistud-21731	106	28	the	the	DET
eistud-21731	106	29	short	short	ADJ
eistud-21731	106	30	term	term	NOUN
eistud-21731	106	31	periods	period	NOUN
eistud-21731	106	32	.	.	PUNCT
eistud-21731	107	1	69	69	NUM
eistud-21731	107	2	european	european	ADJ
eistud-21731	107	3	integrat	integrat	NOUN
eistud-21731	107	4	ion	ion	NOUN
eistud-21731	107	5	studies	study	NOUN
eistud-21731	107	6	2018/12	2018/12	NUM
eistud-21731	107	7	1	1	NUM
eistud-21731	107	8	the	the	DET
eistud-21731	107	9	firm	firm	ADJ
eistud-21731	107	10	valuation	valuation	NOUN
eistud-21731	107	11	is	be	AUX
eistud-21731	107	12	constructed	construct	VERB
eistud-21731	107	13	from	from	ADP
eistud-21731	107	14	fcff	fcff	ADJ
eistud-21731	107	15	forecast	forecast	NOUN
eistud-21731	107	16	we	we	PRON
eistud-21731	107	17	use	use	VERB
eistud-21731	107	18	hoover	hoover	NOUN
eistud-21731	107	19	’s	’s	PART
eistud-21731	107	20	(	(	PUNCT
eistud-21731	107	21	2006	2006	NUM
eistud-21731	107	22	)	)	PUNCT
eistud-21731	107	23	methodology	methodology	NOUN
eistud-21731	107	24	to	to	PART
eistud-21731	107	25	forecast	forecast	VERB
eistud-21731	107	26	the	the	DET
eistud-21731	107	27	firm	firm	NOUN
eistud-21731	107	28	’s	’s	PART
eistud-21731	107	29	financial	financial	ADJ
eistud-21731	107	30	indicators	indicator	NOUN
eistud-21731	107	31	(	(	PUNCT
eistud-21731	107	32	which	which	PRON
eistud-21731	107	33	are	be	AUX
eistud-21731	107	34	needed	need	VERB
eistud-21731	107	35	in	in	ADP
eistud-21731	107	36	order	order	NOUN
eistud-21731	107	37	to	to	PART
eistud-21731	107	38	calculate	calculate	VERB
eistud-21731	107	39	fcff	fcff	NOUN
eistud-21731	107	40	for	for	ADP
eistud-21731	107	41	the	the	DET
eistud-21731	107	42	firm	firm	NOUN
eistud-21731	107	43	):	):	PUNCT
eistud-21731	107	44	_	_	PUNCT
eistud-21731	107	45	cogs	cog	NOUN
eistud-21731	107	46	(	(	PUNCT
eistud-21731	107	47	cost	cost	NOUN
eistud-21731	107	48	of	of	ADP
eistud-21731	107	49	goods	good	NOUN
eistud-21731	107	50	and	and	CCONJ
eistud-21731	107	51	services	service	NOUN
eistud-21731	107	52	)	)	PUNCT
eistud-21731	107	53	,	,	PUNCT
eistud-21731	107	54	depreciation	depreciation	NOUN
eistud-21731	107	55	,	,	PUNCT
eistud-21731	107	56	other	other	ADJ
eistud-21731	107	57	administration	administration	NOUN
eistud-21731	107	58	costs	cost	VERB
eistud-21731	107	59	⟶	⟶	NOUN
eistud-21731	107	60	percentage	percentage	NOUN
eistud-21731	107	61	of	of	ADP
eistud-21731	107	62	forecasted	forecast	VERB
eistud-21731	107	63	revenue	revenue	NOUN
eistud-21731	107	64	;	;	PUNCT
eistud-21731	107	65	_	_	PRON
eistud-21731	107	66	gross	gross	ADJ
eistud-21731	107	67	profit	profit	NOUN
eistud-21731	107	68	⟶	⟶	NOUN
eistud-21731	107	69	revenue	revenue	NOUN
eistud-21731	107	70	cogs	cog	NOUN
eistud-21731	107	71	depreciation	depreciation	NOUN
eistud-21731	107	72	other	other	ADJ
eistud-21731	107	73	administration	administration	NOUN
eistud-21731	107	74	costs	cost	NOUN
eistud-21731	107	75	;	;	PUNCT
eistud-21731	107	76	_	_	NUM
eistud-21731	107	77	interest	interest	NOUN
eistud-21731	107	78	⟶	⟶	NOUN
eistud-21731	107	79	percentages	percentage	NOUN
eistud-21731	107	80	of	of	ADP
eistud-21731	107	81	liabilities	liability	NOUN
eistud-21731	107	82	growth	growth	NOUN
eistud-21731	107	83	;	;	PUNCT
eistud-21731	107	84	_	_	PRON
eistud-21731	107	85	equity	equity	NOUN
eistud-21731	107	86	,	,	PUNCT
eistud-21731	107	87	long	long	ADJ
eistud-21731	107	88	-	-	PUNCT
eistud-21731	107	89	term	term	NOUN
eistud-21731	107	90	debts	debt	NOUN
eistud-21731	107	91	,	,	PUNCT
eistud-21731	107	92	long	long	ADJ
eistud-21731	107	93	-	-	PUNCT
eistud-21731	107	94	term	term	NOUN
eistud-21731	107	95	assets	asset	NOUN
eistud-21731	107	96	,	,	PUNCT
eistud-21731	107	97	other	other	ADJ
eistud-21731	107	98	financial	financial	ADJ
eistud-21731	107	99	variables	variable	NOUN
eistud-21731	107	100	⟶	⟶	ADJ
eistud-21731	107	101	additional	additional	ADJ
eistud-21731	107	102	historical	historical	ADJ
eistud-21731	107	103	assessment	assessment	NOUN
eistud-21731	107	104	is	be	AUX
eistud-21731	107	105	needed	need	VERB
eistud-21731	107	106	if	if	SCONJ
eistud-21731	107	107	the	the	DET
eistud-21731	107	108	dynamic	dynamic	NOUN
eistud-21731	107	109	in	in	ADP
eistud-21731	107	110	history	history	NOUN
eistud-21731	107	111	changes	change	NOUN
eistud-21731	107	112	significantly	significantly	ADV
eistud-21731	107	113	forecast	forecast	VERB
eistud-21731	107	114	from	from	ADP
eistud-21731	107	115	revenues	revenue	NOUN
eistud-21731	107	116	is	be	AUX
eistud-21731	107	117	not	not	PART
eistud-21731	107	118	accurate	accurate	ADJ
eistud-21731	107	119	and	and	CCONJ
eistud-21731	107	120	the	the	DET
eistud-21731	107	121	indicators	indicator	NOUN
eistud-21731	107	122	should	should	AUX
eistud-21731	107	123	be	be	AUX
eistud-21731	107	124	forecasted	forecast	VERB
eistud-21731	107	125	separately	separately	ADV
eistud-21731	107	126	.	.	PUNCT
eistud-21731	108	1	2	2	NUM
eistud-21731	108	2	for	for	ADP
eistud-21731	108	3	the	the	DET
eistud-21731	108	4	market	market	NOUN
eistud-21731	108	5	and	and	CCONJ
eistud-21731	108	6	the	the	DET
eistud-21731	108	7	competitors	competitor	NOUN
eistud-21731	108	8	’	’	PART
eistud-21731	108	9	valuation	valuation	NOUN
eistud-21731	108	10	part	part	NOUN
eistud-21731	108	11	hsieh	hsieh	PROPN
eistud-21731	108	12	’s	’s	PART
eistud-21731	108	13	and	and	CCONJ
eistud-21731	108	14	lin	lin	PROPN
eistud-21731	108	15	’s	’s	PART
eistud-21731	108	16	(	(	PUNCT
eistud-21731	108	17	2016	2016	NUM
eistud-21731	108	18	)	)	PUNCT
eistud-21731	108	19	proposed	propose	VERB
eistud-21731	108	20	hhi	hhi	NOUN
eistud-21731	108	21	index	index	NOUN
eistud-21731	108	22	is	be	AUX
eistud-21731	108	23	used	use	VERB
eistud-21731	108	24	to	to	PART
eistud-21731	108	25	determine	determine	VERB
eistud-21731	108	26	whether	whether	SCONJ
eistud-21731	108	27	the	the	DET
eistud-21731	108	28	merger	merger	NOUN
eistud-21731	108	29	had	have	VERB
eistud-21731	108	30	an	an	DET
eistud-21731	108	31	impact	impact	NOUN
eistud-21731	108	32	on	on	ADP
eistud-21731	108	33	market	market	NOUN
eistud-21731	108	34	structure	structure	NOUN
eistud-21731	108	35	changes	change	NOUN
eistud-21731	108	36	,	,	PUNCT
eistud-21731	108	37	also	also	ADV
eistud-21731	108	38	cerasi	cerasi	NOUN
eistud-21731	108	39	,	,	PUNCT
eistud-21731	108	40	chizzolini	chizzolini	NOUN
eistud-21731	108	41	,	,	PUNCT
eistud-21731	108	42	ivaldi	ivaldi	NOUN
eistud-21731	108	43	(	(	PUNCT
eistud-21731	108	44	2009	2009	NUM
eistud-21731	108	45	)	)	PUNCT
eistud-21731	108	46	proposed	propose	VERB
eistud-21731	108	47	gini	gini	PROPN
eistud-21731	108	48	index	index	NOUN
eistud-21731	108	49	is	be	AUX
eistud-21731	108	50	used	use	VERB
eistud-21731	108	51	to	to	PART
eistud-21731	108	52	determine	determine	VERB
eistud-21731	108	53	whether	whether	SCONJ
eistud-21731	108	54	the	the	DET
eistud-21731	108	55	merger	merger	NOUN
eistud-21731	108	56	had	have	VERB
eistud-21731	108	57	an	an	DET
eistud-21731	108	58	impact	impact	NOUN
eistud-21731	108	59	on	on	ADP
eistud-21731	108	60	revenue	revenue	NOUN
eistud-21731	108	61	distribution	distribution	NOUN
eistud-21731	108	62	inequality	inequality	NOUN
eistud-21731	108	63	between	between	ADP
eistud-21731	108	64	the	the	DET
eistud-21731	108	65	competitors	competitor	NOUN
eistud-21731	108	66	.	.	PUNCT
eistud-21731	109	1	plus	plus	CCONJ
eistud-21731	109	2	,	,	PUNCT
eistud-21731	109	3	the	the	DET
eistud-21731	109	4	sales	sale	NOUN
eistud-21731	109	5	revenue	revenue	NOUN
eistud-21731	109	6	has	have	AUX
eistud-21731	109	7	been	be	AUX
eistud-21731	109	8	taken	take	VERB
eistud-21731	109	9	as	as	ADP
eistud-21731	109	10	an	an	DET
eistud-21731	109	11	additional	additional	ADJ
eistud-21731	109	12	indicator	indicator	NOUN
eistud-21731	109	13	in	in	SCONJ
eistud-21731	109	14	order	order	NOUN
eistud-21731	109	15	to	to	PART
eistud-21731	109	16	be	be	AUX
eistud-21731	109	17	able	able	ADJ
eistud-21731	109	18	to	to	PART
eistud-21731	109	19	identify	identify	VERB
eistud-21731	109	20	if	if	SCONJ
eistud-21731	109	21	hhi	hhi	PROPN
eistud-21731	109	22	or	or	CCONJ
eistud-21731	109	23	gini	gini	PROPN
eistud-21731	109	24	have	have	AUX
eistud-21731	109	25	changed	change	VERB
eistud-21731	109	26	from	from	ADP
eistud-21731	109	27	merger	merger	NOUN
eistud-21731	109	28	impact	impact	NOUN
eistud-21731	109	29	or	or	CCONJ
eistud-21731	109	30	it	it	PRON
eistud-21731	109	31	was	be	AUX
eistud-21731	109	32	affected	affect	VERB
eistud-21731	109	33	by	by	ADP
eistud-21731	109	34	competitors	competitor	NOUN
eistud-21731	109	35	and	and	CCONJ
eistud-21731	109	36	merger	merger	NOUN
eistud-21731	109	37	had	have	VERB
eistud-21731	109	38	no	no	DET
eistud-21731	109	39	relation	relation	NOUN
eistud-21731	109	40	with	with	ADP
eistud-21731	109	41	the	the	DET
eistud-21731	109	42	changes	change	NOUN
eistud-21731	109	43	of	of	ADP
eistud-21731	109	44	these	these	DET
eistud-21731	109	45	indicators	indicator	NOUN
eistud-21731	109	46	.	.	PUNCT
eistud-21731	110	1	(	(	PUNCT
eistud-21731	110	2	3	3	X
eistud-21731	110	3	)	)	PUNCT
eistud-21731	110	4	in	in	ADP
eistud-21731	110	5	the	the	DET
eistud-21731	110	6	case	case	NOUN
eistud-21731	110	7	of	of	ADP
eistud-21731	110	8	customer	customer	NOUN
eistud-21731	110	9	impact	impact	NOUN
eistud-21731	110	10	valuation	valuation	NOUN
eistud-21731	110	11	,	,	PUNCT
eistud-21731	110	12	we	we	PRON
eistud-21731	110	13	use	use	VERB
eistud-21731	110	14	a.	a.	NOUN
eistud-21731	110	15	krishnan	krishnan	PROPN
eistud-21731	110	16	and	and	CCONJ
eistud-21731	110	17	h.	h.	PROPN
eistud-21731	110	18	krishnan	krishnan	PROPN
eistud-21731	110	19	(	(	PUNCT
eistud-21731	110	20	2001	2001	NUM
eistud-21731	110	21	)	)	PUNCT
eistud-21731	110	22	proposed	propose	VERB
eistud-21731	110	23	average	average	ADJ
eistud-21731	110	24	changes	change	NOUN
eistud-21731	110	25	in	in	ADP
eistud-21731	110	26	quantity	quantity	NOUN
eistud-21731	110	27	and	and	CCONJ
eistud-21731	110	28	prices	price	NOUN
eistud-21731	110	29	,	,	PUNCT
eistud-21731	110	30	those	those	PRON
eistud-21731	110	31	are	be	AUX
eistud-21731	110	32	calculated	calculate	VERB
eistud-21731	110	33	as	as	ADP
eistud-21731	110	34	the	the	DET
eistud-21731	110	35	mathematical	mathematical	ADJ
eistud-21731	110	36	deltas	delta	NOUN
eistud-21731	110	37	.	.	PUNCT
eistud-21731	111	1	however	however	ADV
eistud-21731	111	2	,	,	PUNCT
eistud-21731	111	3	as	as	SCONJ
eistud-21731	111	4	we	we	PRON
eistud-21731	111	5	noticed	notice	VERB
eistud-21731	111	6	previously	previously	ADV
eistud-21731	111	7	customer	customer	NOUN
eistud-21731	111	8	gains	gain	NOUN
eistud-21731	111	9	losses	loss	NOUN
eistud-21731	111	10	in	in	ADP
eistud-21731	111	11	form	form	NOUN
eistud-21731	111	12	of	of	ADP
eistud-21731	111	13	quality	quality	NOUN
eistud-21731	111	14	also	also	ADV
eistud-21731	111	15	,	,	PUNCT
eistud-21731	111	16	to	to	PART
eistud-21731	111	17	evaluate	evaluate	VERB
eistud-21731	111	18	this	this	DET
eistud-21731	111	19	part	part	NOUN
eistud-21731	111	20	we	we	PRON
eistud-21731	111	21	added	add	VERB
eistud-21731	111	22	service	service	NOUN
eistud-21731	111	23	quality	quality	NOUN
eistud-21731	111	24	indicator	indicator	NOUN
eistud-21731	111	25	and	and	CCONJ
eistud-21731	111	26	according	accord	VERB
eistud-21731	111	27	to	to	ADP
eistud-21731	111	28	steven	steven	PROPN
eistud-21731	111	29	,	,	PUNCT
eistud-21731	111	30	yazdi	yazdi	NOUN
eistud-21731	111	31	,	,	PUNCT
eistud-21731	111	32	and	and	CCONJ
eistud-21731	111	33	dresner	dresner	NOUN
eistud-21731	111	34	(	(	PUNCT
eistud-21731	111	35	2016	2016	NUM
eistud-21731	111	36	)	)	PUNCT
eistud-21731	111	37	we	we	PRON
eistud-21731	111	38	will	will	AUX
eistud-21731	111	39	measure	measure	VERB
eistud-21731	111	40	this	this	DET
eistud-21731	111	41	service	service	NOUN
eistud-21731	111	42	quality	quality	NOUN
eistud-21731	111	43	change	change	NOUN
eistud-21731	111	44	in	in	ADP
eistud-21731	111	45	relation	relation	NOUN
eistud-21731	111	46	with	with	ADP
eistud-21731	111	47	hhi	hhi	NOUN
eistud-21731	111	48	change	change	NOUN
eistud-21731	111	49	(	(	PUNCT
eistud-21731	111	50	the	the	DET
eistud-21731	111	51	relation	relation	NOUN
eistud-21731	111	52	between	between	ADP
eistud-21731	111	53	concentration	concentration	NOUN
eistud-21731	111	54	level	level	NOUN
eistud-21731	111	55	in	in	ADP
eistud-21731	111	56	the	the	DET
eistud-21731	111	57	market	market	NOUN
eistud-21731	111	58	and	and	CCONJ
eistud-21731	111	59	the	the	DET
eistud-21731	111	60	quality	quality	NOUN
eistud-21731	111	61	level	level	NOUN
eistud-21731	111	62	show	show	VERB
eistud-21731	111	63	the	the	DET
eistud-21731	111	64	negative/	negative/	NUM
eistud-21731	111	65	positive	positive	ADJ
eistud-21731	111	66	impact	impact	NOUN
eistud-21731	111	67	on	on	ADP
eistud-21731	111	68	the	the	DET
eistud-21731	111	69	customer	customer	NOUN
eistud-21731	111	70	)	)	PUNCT
eistud-21731	111	71	.	.	PUNCT
eistud-21731	112	1	(	(	PUNCT
eistud-21731	112	2	4	4	X
eistud-21731	112	3	)	)	PUNCT
eistud-21731	112	4	the	the	DET
eistud-21731	112	5	state	state	NOUN
eistud-21731	112	6	valuation	valuation	NOUN
eistud-21731	112	7	part	part	NOUN
eistud-21731	112	8	in	in	ADP
eistud-21731	112	9	form	form	NOUN
eistud-21731	112	10	of	of	ADP
eistud-21731	112	11	taxes	taxis	NOUN
eistud-21731	112	12	is	be	AUX
eistud-21731	112	13	taken	take	VERB
eistud-21731	112	14	from	from	ADP
eistud-21731	112	15	the	the	DET
eistud-21731	112	16	(	(	PUNCT
eistud-21731	112	17	1	1	NUM
eistud-21731	112	18	)	)	PUNCT
eistud-21731	112	19	part	part	NOUN
eistud-21731	112	20	of	of	ADP
eistud-21731	112	21	firms	firm	NOUN
eistud-21731	112	22	valuation	valuation	NOUN
eistud-21731	112	23	,	,	PUNCT
eistud-21731	112	24	where	where	SCONJ
eistud-21731	112	25	we	we	PRON
eistud-21731	112	26	measure	measure	VERB
eistud-21731	112	27	the	the	DET
eistud-21731	112	28	difference	difference	NOUN
eistud-21731	112	29	of	of	ADP
eistud-21731	112	30	paid	pay	VERB
eistud-21731	112	31	taxes	taxis	NOUN
eistud-21731	112	32	those	those	PRON
eistud-21731	112	33	according	accord	VERB
eistud-21731	112	34	to	to	ADP
eistud-21731	112	35	the	the	DET
eistud-21731	112	36	projection	projection	NOUN
eistud-21731	112	37	of	of	ADP
eistud-21731	112	38	non	non	ADJ
eistud-21731	112	39	-	-	ADJ
eistud-21731	112	40	merged	merged	ADJ
eistud-21731	112	41	companies	company	NOUN
eistud-21731	112	42	’	'	PUNCT
eistud-21731	112	43	had	have	VERB
eistud-21731	112	44	to	to	PART
eistud-21731	112	45	be	be	AUX
eistud-21731	112	46	paid	pay	VERB
eistud-21731	112	47	and	and	CCONJ
eistud-21731	112	48	the	the	DET
eistud-21731	112	49	fact	fact	NOUN
eistud-21731	112	50	of	of	ADP
eistud-21731	112	51	merged	merged	ADJ
eistud-21731	112	52	companies	company	NOUN
eistud-21731	112	53	that	that	PRON
eistud-21731	112	54	was	be	AUX
eistud-21731	112	55	paid	pay	VERB
eistud-21731	112	56	to	to	ADP
eistud-21731	112	57	the	the	DET
eistud-21731	112	58	budget	budget	NOUN
eistud-21731	112	59	.	.	PUNCT
eistud-21731	113	1	secondly	secondly	ADV
eistud-21731	113	2	the	the	DET
eistud-21731	113	3	mester	mester	NOUN
eistud-21731	113	4	’s	’s	X
eistud-21731	113	5	and	and	CCONJ
eistud-21731	113	6	hughes	hughes	PROPN
eistud-21731	113	7	’s	’s	PART
eistud-21731	113	8	(	(	PUNCT
eistud-21731	113	9	2008	2008	NUM
eistud-21731	113	10	)	)	PUNCT
eistud-21731	113	11	technological	technological	ADJ
eistud-21731	113	12	advance	advance	NOUN
eistud-21731	113	13	and	and	CCONJ
eistud-21731	113	14	innovations	innovation	NOUN
eistud-21731	113	15	point	point	NOUN
eistud-21731	113	16	is	be	AUX
eistud-21731	113	17	evaluated	evaluate	VERB
eistud-21731	113	18	by	by	ADP
eistud-21731	113	19	ex	ex	ADJ
eistud-21731	113	20	-	-	ADJ
eistud-21731	113	21	post	post	ADJ
eistud-21731	113	22	change	change	NOUN
eistud-21731	113	23	to	to	PART
eistud-21731	113	24	see	see	VERB
eistud-21731	113	25	if	if	SCONJ
eistud-21731	113	26	the	the	DET
eistud-21731	113	27	merger	merger	NOUN
eistud-21731	113	28	had	have	VERB
eistud-21731	113	29	any	any	DET
eistud-21731	113	30	impact	impact	NOUN
eistud-21731	113	31	on	on	ADP
eistud-21731	113	32	this	this	DET
eistud-21731	113	33	field	field	NOUN
eistud-21731	113	34	.	.	PUNCT
eistud-21731	114	1	finally	finally	ADV
eistud-21731	114	2	,	,	PUNCT
eistud-21731	114	3	we	we	PRON
eistud-21731	114	4	evaluate	evaluate	VERB
eistud-21731	114	5	the	the	DET
eistud-21731	114	6	nocke	nocke	NOUN
eistud-21731	114	7	’s	’s	PART
eistud-21731	114	8	and	and	CCONJ
eistud-21731	114	9	yeaple	yeaple	PROPN
eistud-21731	114	10	’s	’s	PART
eistud-21731	114	11	(	(	PUNCT
eistud-21731	114	12	2006	2006	NUM
eistud-21731	114	13	)	)	PUNCT
eistud-21731	114	14	investment	investment	NOUN
eistud-21731	114	15	point	point	NOUN
eistud-21731	114	16	by	by	ADP
eistud-21731	114	17	forecasting	forecast	VERB
eistud-21731	114	18	the	the	DET
eistud-21731	114	19	sector	sector	NOUN
eistud-21731	114	20	’s	’s	PART
eistud-21731	114	21	investments	investment	NOUN
eistud-21731	114	22	and	and	CCONJ
eistud-21731	114	23	evaluating	evaluate	VERB
eistud-21731	114	24	the	the	DET
eistud-21731	114	25	positive	positive	ADJ
eistud-21731	114	26	/	/	SYM
eistud-21731	114	27	negative	negative	ADJ
eistud-21731	114	28	impact	impact	NOUN
eistud-21731	114	29	from	from	ADP
eistud-21731	114	30	the	the	DET
eistud-21731	114	31	difference	difference	NOUN
eistud-21731	114	32	between	between	ADP
eistud-21731	114	33	the	the	DET
eistud-21731	114	34	fact	fact	NOUN
eistud-21731	114	35	and	and	CCONJ
eistud-21731	114	36	forecast	forecast	NOUN
eistud-21731	114	37	.	.	PUNCT
eistud-21731	115	1	gradually	gradually	ADV
eistud-21731	115	2	,	,	PUNCT
eistud-21731	115	3	authors	author	NOUN
eistud-21731	115	4	perceive	perceive	VERB
eistud-21731	115	5	the	the	DET
eistud-21731	115	6	concept	concept	NOUN
eistud-21731	115	7	of	of	ADP
eistud-21731	115	8	economic	economic	ADJ
eistud-21731	115	9	activity	activity	NOUN
eistud-21731	115	10	as	as	ADP
eistud-21731	115	11	a	a	DET
eistud-21731	115	12	polynomial	polynomial	ADJ
eistud-21731	115	13	system	system	NOUN
eistud-21731	115	14	of	of	ADP
eistud-21731	115	15	supply	supply	NOUN
eistud-21731	115	16	and	and	CCONJ
eistud-21731	115	17	demand	demand	NOUN
eistud-21731	115	18	which	which	PRON
eistud-21731	115	19	distributes	distribute	VERB
eistud-21731	115	20	the	the	DET
eistud-21731	115	21	goods	good	NOUN
eistud-21731	115	22	and	and	CCONJ
eistud-21731	115	23	services	service	NOUN
eistud-21731	115	24	by	by	ADP
eistud-21731	115	25	interactions	interaction	NOUN
eistud-21731	115	26	with	with	ADP
eistud-21731	115	27	various	various	ADJ
eistud-21731	115	28	objects	object	NOUN
eistud-21731	115	29	in	in	ADP
eistud-21731	115	30	the	the	DET
eistud-21731	115	31	market	market	NOUN
eistud-21731	115	32	and	and	CCONJ
eistud-21731	115	33	the	the	DET
eistud-21731	115	34	conception	conception	NOUN
eistud-21731	115	35	of	of	ADP
eistud-21731	115	36	this	this	DET
eistud-21731	115	37	economic	economic	ADJ
eistud-21731	115	38	activity	activity	NOUN
eistud-21731	115	39	is	be	AUX
eistud-21731	115	40	characterized	characterize	VERB
eistud-21731	115	41	by	by	ADP
eistud-21731	115	42	the	the	DET
eistud-21731	115	43	financial	financial	ADJ
eistud-21731	115	44	,	,	PUNCT
eistud-21731	115	45	economic	economic	ADJ
eistud-21731	115	46	indicators	indicator	NOUN
eistud-21731	115	47	listed	list	VERB
eistud-21731	115	48	above	above	ADV
eistud-21731	115	49	in	in	ADP
eistud-21731	115	50	the	the	DET
eistud-21731	115	51	sections	section	NOUN
eistud-21731	115	52	(	(	PUNCT
eistud-21731	115	53	1)-(4	1)-(4	NUM
eistud-21731	115	54	)	)	PUNCT
eistud-21731	115	55	.	.	PUNCT
eistud-21731	116	1	after	after	ADP
eistud-21731	116	2	applying	apply	VERB
eistud-21731	116	3	all	all	DET
eistud-21731	116	4	the	the	DET
eistud-21731	116	5	steps	step	NOUN
eistud-21731	116	6	in	in	ADP
eistud-21731	116	7	the	the	DET
eistud-21731	116	8	research	research	NOUN
eistud-21731	116	9	methodology	methodology	NOUN
eistud-21731	116	10	we	we	PRON
eistud-21731	116	11	can	can	AUX
eistud-21731	116	12	generalize	generalize	VERB
eistud-21731	116	13	it	it	PRON
eistud-21731	116	14	all	all	PRON
eistud-21731	116	15	into	into	ADP
eistud-21731	116	16	one	one	NUM
eistud-21731	116	17	research	research	NOUN
eistud-21731	116	18	model	model	NOUN
eistud-21731	116	19	of	of	ADP
eistud-21731	116	20	merger	merger	NOUN
eistud-21731	116	21	and	and	CCONJ
eistud-21731	116	22	acquisition	acquisition	NOUN
eistud-21731	116	23	valuation	valuation	NOUN
eistud-21731	116	24	(	(	PUNCT
eistud-21731	116	25	see	see	VERB
eistud-21731	116	26	figure	figure	NOUN
eistud-21731	116	27	1	1	NUM
eistud-21731	116	28	)	)	PUNCT
eistud-21731	116	29	.	.	PUNCT
eistud-21731	117	1	a	a	DET
eistud-21731	117	2	case	case	NOUN
eistud-21731	117	3	study	study	NOUN
eistud-21731	117	4	analysis	analysis	NOUN
eistud-21731	117	5	of	of	ADP
eistud-21731	117	6	lithuanian	lithuanian	ADJ
eistud-21731	117	7	telecommunication	telecommunication	NOUN
eistud-21731	117	8	merger	merger	NOUN
eistud-21731	117	9	using	use	VERB
eistud-21731	117	10	merger	merger	NOUN
eistud-21731	117	11	and	and	CCONJ
eistud-21731	117	12	acquisition	acquisition	NOUN
eistud-21731	117	13	valuation	valuation	NOUN
eistud-21731	117	14	model	model	NOUN
eistud-21731	117	15	a	a	DET
eistud-21731	117	16	merger	merger	NOUN
eistud-21731	117	17	between	between	ADP
eistud-21731	117	18	two	two	NUM
eistud-21731	117	19	telecommunication	telecommunication	NOUN
eistud-21731	117	20	giants	giant	NOUN
eistud-21731	117	21	in	in	ADP
eistud-21731	117	22	lithuania	lithuania	PROPN
eistud-21731	117	23	market	market	NOUN
eistud-21731	117	24	was	be	AUX
eistud-21731	117	25	announced	announce	VERB
eistud-21731	117	26	in	in	ADP
eistud-21731	117	27	2015	2015	NUM
eistud-21731	117	28	and	and	CCONJ
eistud-21731	117	29	happened	happen	VERB
eistud-21731	117	30	in	in	ADP
eistud-21731	117	31	2016	2016	NUM
eistud-21731	117	32	iii	iii	NUM
eistud-21731	117	33	quarter	quarter	NOUN
eistud-21731	117	34	.	.	PUNCT
eistud-21731	118	1	before	before	SCONJ
eistud-21731	118	2	the	the	DET
eistud-21731	118	3	merger	merger	NOUN
eistud-21731	118	4	ab	ab	PROPN
eistud-21731	118	5	‘	'	PUNCT
eistud-21731	118	6	teo	teo	NOUN
eistud-21731	118	7	’	'	PUNCT
eistud-21731	118	8	was	be	AUX
eistud-21731	118	9	dominant	dominant	ADJ
eistud-21731	118	10	in	in	ADP
eistud-21731	118	11	the	the	DET
eistud-21731	118	12	6	6	NUM
eistud-21731	118	13	of	of	ADP
eistud-21731	118	14	8	8	NUM
eistud-21731	118	15	telecommunication	telecommunication	NOUN
eistud-21731	118	16	markets	market	NOUN
eistud-21731	118	17	in	in	ADP
eistud-21731	118	18	lithuania	lithuania	PROPN
eistud-21731	118	19	(	(	PUNCT
eistud-21731	118	20	internet	internet	NOUN
eistud-21731	118	21	,	,	PUNCT
eistud-21731	118	22	fixed	fix	VERB
eistud-21731	118	23	phone	phone	NOUN
eistud-21731	118	24	connection	connection	NOUN
eistud-21731	118	25	,	,	PUNCT
eistud-21731	118	26	etc	etc	X
eistud-21731	118	27	.	.	X
eistud-21731	118	28	)	)	PUNCT
eistud-21731	119	1	and	and	CCONJ
eistud-21731	119	2	ab	ab	PROPN
eistud-21731	119	3	‘	'	PUNCT
eistud-21731	119	4	omnitel	omnitel	NOUN
eistud-21731	119	5	’	'	PUNCT
eistud-21731	119	6	was	be	AUX
eistud-21731	119	7	a	a	DET
eistud-21731	119	8	mobile	mobile	ADJ
eistud-21731	119	9	connection	connection	NOUN
eistud-21731	119	10	service	service	NOUN
eistud-21731	119	11	operator	operator	NOUN
eistud-21731	119	12	,	,	PUNCT
eistud-21731	119	13	both	both	DET
eistud-21731	119	14	companies	company	NOUN
eistud-21731	119	15	there	there	ADV
eistud-21731	119	16	fully	fully	ADV
eistud-21731	119	17	controlled	control	VERB
eistud-21731	119	18	by	by	ADP
eistud-21731	119	19	‘	'	PUNCT
eistud-21731	119	20	telia	telia	PROPN
eistud-21731	119	21	sonera	sonera	NOUN
eistud-21731	119	22	’	'	PUNCT
eistud-21731	119	23	swedish	swedish	ADJ
eistud-21731	119	24	capital	capital	NOUN
eistud-21731	119	25	telecommunication	telecommunication	NOUN
eistud-21731	119	26	giant	giant	NOUN
eistud-21731	119	27	.	.	PUNCT
eistud-21731	120	1	‘	'	PUNCT
eistud-21731	120	2	omnitel	omnitel	NOUN
eistud-21731	120	3	’	'	PUNCT
eistud-21731	120	4	was	be	AUX
eistud-21731	120	5	acquired	acquire	VERB
eistud-21731	120	6	in	in	ADP
eistud-21731	120	7	2003	2003	NUM
eistud-21731	120	8	with	with	ADP
eistud-21731	120	9	a	a	DET
eistud-21731	120	10	condition	condition	NOUN
eistud-21731	120	11	that	that	SCONJ
eistud-21731	120	12	it	it	PRON
eistud-21731	120	13	will	will	AUX
eistud-21731	120	14	never	never	ADV
eistud-21731	120	15	be	be	AUX
eistud-21731	120	16	merged	merge	VERB
eistud-21731	120	17	with	with	ADP
eistud-21731	120	18	‘	'	PUNCT
eistud-21731	120	19	teo	teo	NOUN
eistud-21731	120	20	’	'	PUNCT
eistud-21731	120	21	and	and	CCONJ
eistud-21731	120	22	they	they	PRON
eistud-21731	120	23	will	will	AUX
eistud-21731	120	24	be	be	AUX
eistud-21731	120	25	maintained	maintain	VERB
eistud-21731	120	26	as	as	ADP
eistud-21731	120	27	separate	separate	ADJ
eistud-21731	120	28	business	business	NOUN
eistud-21731	120	29	objects	object	NOUN
eistud-21731	120	30	.	.	PUNCT
eistud-21731	121	1	however	however	ADV
eistud-21731	121	2	,	,	PUNCT
eistud-21731	121	3	competition	competition	NOUN
eistud-21731	121	4	council	council	PROPN
eistud-21731	121	5	of	of	ADP
eistud-21731	121	6	lithuania	lithuania	PROPN
eistud-21731	121	7	republic	republic	PROPN
eistud-21731	121	8	according	accord	VERB
eistud-21731	121	9	to	to	ADP
eistud-21731	121	10	the	the	DET
eistud-21731	121	11	decree	decree	NOUN
eistud-21731	121	12	no	no	INTJ
eistud-21731	121	13	.	.	PUNCT
eistud-21731	122	1	1s-122/2015	1s-122/2015	NUM
eistud-21731	122	2	refused	refuse	VERB
eistud-21731	122	3	to	to	PART
eistud-21731	122	4	open	open	VERB
eistud-21731	122	5	an	an	DET
eistud-21731	122	6	investigation	investigation	NOUN
eistud-21731	122	7	of	of	ADP
eistud-21731	122	8	this	this	DET
eistud-21731	122	9	merger	merger	NOUN
eistud-21731	122	10	case	case	NOUN
eistud-21731	122	11	and	and	CCONJ
eistud-21731	122	12	even	even	ADV
eistud-21731	122	13	refused	refuse	VERB
eistud-21731	122	14	to	to	PART
eistud-21731	122	15	maintain	maintain	VERB
eistud-21731	122	16	their	their	PRON
eistud-21731	122	17	decision	decision	NOUN
eistud-21731	122	18	announced	announce	VERB
eistud-21731	122	19	in	in	ADP
eistud-21731	122	20	2003	2003	NUM
eistud-21731	122	21	.	.	PUNCT
eistud-21731	123	1	european	european	ADJ
eistud-21731	123	2	integrat	integrat	PROPN
eistud-21731	123	3	ion	ion	NOUN
eistud-21731	123	4	studies	study	NOUN
eistud-21731	123	5	2018/12	2018/12	NUM
eistud-21731	123	6	70	70	NUM
eistud-21731	123	7	1	1	NUM
eistud-21731	123	8	the	the	DET
eistud-21731	123	9	evaluation	evaluation	NOUN
eistud-21731	123	10	of	of	ADP
eistud-21731	123	11	firm	firm	NOUN
eistud-21731	123	12	.	.	PUNCT
eistud-21731	124	1	firstly	firstly	ADV
eistud-21731	124	2	we	we	PRON
eistud-21731	124	3	take	take	VERB
eistud-21731	124	4	the	the	DET
eistud-21731	124	5	macroeconomic	macroeconomic	ADJ
eistud-21731	124	6	environment	environment	NOUN
eistud-21731	124	7	forecast	forecast	NOUN
eistud-21731	124	8	(	(	PUNCT
eistud-21731	124	9	gdp	gdp	NOUN
eistud-21731	124	10	and	and	CCONJ
eistud-21731	124	11	inflation	inflation	NOUN
eistud-21731	124	12	)	)	PUNCT
eistud-21731	124	13	,	,	PUNCT
eistud-21731	124	14	depending	depend	VERB
eistud-21731	124	15	on	on	ADP
eistud-21731	124	16	this	this	DET
eistud-21731	124	17	forecast	forecast	NOUN
eistud-21731	124	18	we	we	PRON
eistud-21731	124	19	evaluate	evaluate	VERB
eistud-21731	124	20	possible	possible	ADJ
eistud-21731	124	21	firms	firm	NOUN
eistud-21731	124	22	growth	growth	NOUN
eistud-21731	124	23	and	and	CCONJ
eistud-21731	124	24	by	by	ADP
eistud-21731	124	25	using	use	VERB
eistud-21731	124	26	historical	historical	ADJ
eistud-21731	124	27	data	datum	NOUN
eistud-21731	124	28	from	from	ADP
eistud-21731	124	29	corporate	corporate	ADJ
eistud-21731	124	30	reports	report	NOUN
eistud-21731	124	31	we	we	PRON
eistud-21731	124	32	forecast	forecast	VERB
eistud-21731	124	33	balance	balance	NOUN
eistud-21731	124	34	and	and	CCONJ
eistud-21731	124	35	income	income	NOUN
eistud-21731	124	36	statement	statement	NOUN
eistud-21731	124	37	for	for	ADP
eistud-21731	124	38	ab	ab	PROPN
eistud-21731	124	39	‘	'	PUNCT
eistud-21731	124	40	teo	teo	PROPN
eistud-21731	124	41	”	"	PUNCT
eistud-21731	124	42	and	and	CCONJ
eistud-21731	124	43	ab	ab	PROPN
eistud-21731	124	44	“	"	PUNCT
eistud-21731	124	45	omnitel	omnitel	NOUN
eistud-21731	124	46	”	"	PUNCT
eistud-21731	124	47	for	for	ADP
eistud-21731	124	48	2016	2016	NUM
eistud-21731	124	49	and	and	CCONJ
eistud-21731	124	50	2017	2017	NUM
eistud-21731	124	51	as	as	SCONJ
eistud-21731	124	52	if	if	SCONJ
eistud-21731	124	53	the	the	DET
eistud-21731	124	54	merger	merger	NOUN
eistud-21731	124	55	did	do	AUX
eistud-21731	124	56	not	not	PART
eistud-21731	124	57	occur	occur	VERB
eistud-21731	124	58	in	in	ADP
eistud-21731	124	59	the	the	DET
eistud-21731	124	60	market	market	NOUN
eistud-21731	124	61	,	,	PUNCT
eistud-21731	124	62	and	and	CCONJ
eistud-21731	124	63	calculate	calculate	VERB
eistud-21731	124	64	fcff	fcff	NOUN
eistud-21731	124	65	using	use	VERB
eistud-21731	124	66	the	the	DET
eistud-21731	124	67	financial	financial	ADJ
eistud-21731	124	68	valuation	valuation	NOUN
eistud-21731	124	69	methods	method	NOUN
eistud-21731	124	70	.	.	PUNCT
eistud-21731	125	1	then	then	ADV
eistud-21731	125	2	we	we	PRON
eistud-21731	125	3	take	take	VERB
eistud-21731	125	4	the	the	DET
eistud-21731	125	5	data	datum	NOUN
eistud-21731	125	6	from	from	ADP
eistud-21731	125	7	the	the	DET
eistud-21731	125	8	reports	report	NOUN
eistud-21731	125	9	of	of	ADP
eistud-21731	125	10	ab	ab	PROPN
eistud-21731	125	11	‘	'	PUNCT
eistud-21731	125	12	telia	telia	PROPN
eistud-21731	125	13	’	'	PUNCT
eistud-21731	125	14	for	for	ADP
eistud-21731	125	15	2016	2016	NUM
eistud-21731	125	16	and	and	CCONJ
eistud-21731	125	17	2017	2017	NUM
eistud-21731	125	18	and	and	CCONJ
eistud-21731	125	19	calculate	calculate	VERB
eistud-21731	125	20	the	the	DET
eistud-21731	125	21	difference	difference	NOUN
eistud-21731	125	22	between	between	ADP
eistud-21731	125	23	consolidated	consolidated	ADJ
eistud-21731	125	24	firms	firm	NOUN
eistud-21731	125	25	’	'	PUNCT
eistud-21731	125	26	forecasts	forecast	NOUN
eistud-21731	125	27	and	and	CCONJ
eistud-21731	125	28	the	the	DET
eistud-21731	125	29	merged	merged	ADJ
eistud-21731	125	30	firm	firm	NOUN
eistud-21731	125	31	’s	’s	PART
eistud-21731	125	32	fact	fact	NOUN
eistud-21731	125	33	,	,	PUNCT
eistud-21731	125	34	the	the	DET
eistud-21731	125	35	change	change	NOUN
eistud-21731	125	36	is	be	AUX
eistud-21731	125	37	the	the	DET
eistud-21731	125	38	effect	effect	NOUN
eistud-21731	125	39	of	of	ADP
eistud-21731	125	40	the	the	DET
eistud-21731	125	41	merger	merger	NOUN
eistud-21731	125	42	.	.	PUNCT
eistud-21731	126	1	the	the	DET
eistud-21731	126	2	results	result	NOUN
eistud-21731	126	3	listed	list	VERB
eistud-21731	126	4	in	in	ADP
eistud-21731	126	5	the	the	DET
eistud-21731	126	6	table	table	NOUN
eistud-21731	126	7	show	show	VERB
eistud-21731	126	8	that	that	SCONJ
eistud-21731	126	9	merger	merger	NOUN
eistud-21731	126	10	for	for	ADP
eistud-21731	126	11	the	the	DET
eistud-21731	126	12	firm	firm	NOUN
eistud-21731	126	13	created	create	VERB
eistud-21731	126	14	a	a	DET
eistud-21731	126	15	positive	positive	ADJ
eistud-21731	126	16	effect	effect	NOUN
eistud-21731	126	17	in	in	ADP
eistud-21731	126	18	three	three	NUM
eistud-21731	126	19	cases	case	NOUN
eistud-21731	126	20	:	:	PUNCT
eistud-21731	126	21	first	first	ADV
eistud-21731	126	22	–	–	PUNCT
eistud-21731	126	23	the	the	DET
eistud-21731	126	24	synergy	synergy	NOUN
eistud-21731	126	25	in	in	ADP
eistud-21731	126	26	income	income	NOUN
eistud-21731	126	27	,	,	PUNCT
eistud-21731	126	28	second	second	ADJ
eistud-21731	126	29	–	–	PUNCT
eistud-21731	126	30	the	the	DET
eistud-21731	126	31	benefits	benefit	NOUN
eistud-21731	126	32	from	from	ADP
eistud-21731	126	33	fewer	few	ADJ
eistud-21731	126	34	profit	profit	NOUN
eistud-21731	126	35	tax	tax	NOUN
eistud-21731	126	36	payments	payment	NOUN
eistud-21731	126	37	and	and	CCONJ
eistud-21731	126	38	finally	finally	ADV
eistud-21731	126	39	–	–	PUNCT
eistud-21731	126	40	the	the	DET
eistud-21731	126	41	asset	asset	NOUN
eistud-21731	126	42	turnover	turnover	NOUN
eistud-21731	126	43	rate	rate	NOUN
eistud-21731	126	44	has	have	AUX
eistud-21731	126	45	increased	increase	VERB
eistud-21731	126	46	which	which	PRON
eistud-21731	126	47	means	mean	VERB
eistud-21731	126	48	that	that	SCONJ
eistud-21731	126	49	the	the	DET
eistud-21731	126	50	new	new	ADJ
eistud-21731	126	51	entity	entity	NOUN
eistud-21731	126	52	uses	use	VERB
eistud-21731	126	53	the	the	DET
eistud-21731	126	54	assets	asset	NOUN
eistud-21731	126	55	more	more	ADV
eistud-21731	126	56	efficiently	efficiently	ADV
eistud-21731	126	57	.	.	PUNCT
eistud-21731	127	1	for	for	ADP
eistud-21731	127	2	fcff	fcff	NOUN
eistud-21731	127	3	our	our	PRON
eistud-21731	127	4	main	main	ADJ
eistud-21731	127	5	indicator	indicator	NOUN
eistud-21731	127	6	we	we	PRON
eistud-21731	127	7	can	can	AUX
eistud-21731	127	8	see	see	VERB
eistud-21731	127	9	that	that	SCONJ
eistud-21731	127	10	the	the	DET
eistud-21731	127	11	effect	effect	NOUN
eistud-21731	127	12	for	for	ADP
eistud-21731	127	13	the	the	DET
eistud-21731	127	14	first	first	ADJ
eistud-21731	127	15	two	two	NUM
eistud-21731	127	16	years	year	NOUN
eistud-21731	127	17	in	in	ADP
eistud-21731	127	18	total	total	NOUN
eistud-21731	127	19	is	be	AUX
eistud-21731	127	20	negative	negative	ADJ
eistud-21731	127	21	,	,	PUNCT
eistud-21731	127	22	however	however	ADV
eistud-21731	127	23	we	we	PRON
eistud-21731	127	24	have	have	VERB
eistud-21731	127	25	to	to	PART
eistud-21731	127	26	look	look	VERB
eistud-21731	127	27	up	up	ADP
eistud-21731	127	28	into	into	ADP
eistud-21731	127	29	investment	investment	NOUN
eistud-21731	127	30	in	in	ADP
eistud-21731	127	31	working	work	VERB
eistud-21731	127	32	capital	capital	NOUN
eistud-21731	127	33	line	line	NOUN
eistud-21731	127	34	(	(	PUNCT
eistud-21731	127	35	which	which	PRON
eistud-21731	127	36	is	be	AUX
eistud-21731	127	37	marked	mark	VERB
eistud-21731	127	38	by	by	ADP
eistud-21731	127	39	yellow	yellow	ADJ
eistud-21731	127	40	)	)	PUNCT
eistud-21731	127	41	there	there	ADV
eistud-21731	127	42	the	the	DET
eistud-21731	127	43	possible	possible	ADJ
eistud-21731	127	44	calculation	calculation	NOUN
eistud-21731	127	45	error	error	NOUN
eistud-21731	127	46	might	might	AUX
eistud-21731	127	47	occur	occur	VERB
eistud-21731	127	48	due	due	ADP
eistud-21731	127	49	to	to	ADP
eistud-21731	127	50	use	use	NOUN
eistud-21731	127	51	of	of	ADP
eistud-21731	127	52	external	external	ADJ
eistud-21731	127	53	data	datum	NOUN
eistud-21731	127	54	(	(	PUNCT
eistud-21731	127	55	the	the	DET
eistud-21731	127	56	authors	author	NOUN
eistud-21731	127	57	were	be	AUX
eistud-21731	127	58	unable	unable	ADJ
eistud-21731	127	59	to	to	PART
eistud-21731	127	60	eliminate	eliminate	VERB
eistud-21731	127	61	merger	merger	NOUN
eistud-21731	127	62	investment	investment	NOUN
eistud-21731	127	63	from	from	ADP
eistud-21731	127	64	investment	investment	NOUN
eistud-21731	127	65	in	in	ADP
eistud-21731	127	66	working	work	VERB
eistud-21731	127	67	capital	capital	NOUN
eistud-21731	127	68	)	)	PUNCT
eistud-21731	127	69	.	.	PUNCT
eistud-21731	128	1	on	on	ADP
eistud-21731	128	2	the	the	DET
eistud-21731	128	3	other	other	ADJ
eistud-21731	128	4	hand	hand	NOUN
eistud-21731	128	5	,	,	PUNCT
eistud-21731	128	6	catwright	catwright	VERB
eistud-21731	128	7	and	and	CCONJ
eistud-21731	128	8	schoenberg	schoenberg	PROPN
eistud-21731	128	9	(	(	PUNCT
eistud-21731	128	10	2006	2006	NUM
eistud-21731	128	11	)	)	PUNCT
eistud-21731	128	12	state	state	NOUN
eistud-21731	128	13	that	that	SCONJ
eistud-21731	128	14	the	the	DET
eistud-21731	128	15	synergy	synergy	NOUN
eistud-21731	128	16	often	often	ADV
eistud-21731	128	17	is	be	AUX
eistud-21731	128	18	negative	negative	ADJ
eistud-21731	128	19	in	in	ADP
eistud-21731	128	20	the	the	DET
eistud-21731	128	21	short	short	ADJ
eistud-21731	128	22	-	-	PUNCT
eistud-21731	128	23	term	term	NOUN
eistud-21731	128	24	period	period	NOUN
eistud-21731	128	25	.	.	PUNCT
eistud-21731	129	1	2	2	NUM
eistud-21731	129	2	the	the	DET
eistud-21731	129	3	evaluation	evaluation	NOUN
eistud-21731	129	4	of	of	ADP
eistud-21731	129	5	the	the	DET
eistud-21731	129	6	market	market	NOUN
eistud-21731	129	7	and	and	CCONJ
eistud-21731	129	8	the	the	DET
eistud-21731	129	9	competitors	competitor	NOUN
eistud-21731	129	10	.	.	PUNCT
eistud-21731	130	1	first	first	ADV
eistud-21731	130	2	,	,	PUNCT
eistud-21731	130	3	we	we	PRON
eistud-21731	130	4	examine	examine	VERB
eistud-21731	130	5	the	the	DET
eistud-21731	130	6	revenue	revenue	NOUN
eistud-21731	130	7	data	datum	NOUN
eistud-21731	130	8	and	and	CCONJ
eistud-21731	130	9	changes	change	NOUN
eistud-21731	130	10	,	,	PUNCT
eistud-21731	130	11	then	then	ADV
eistud-21731	130	12	calculate	calculate	VERB
eistud-21731	130	13	the	the	DET
eistud-21731	130	14	hhi	hhi	NOUN
eistud-21731	130	15	and	and	CCONJ
eistud-21731	130	16	gini	gini	PROPN
eistud-21731	130	17	indexes	index	NOUN
eistud-21731	130	18	(	(	PUNCT
eistud-21731	130	19	where	where	SCONJ
eistud-21731	130	20	gini	gini	PROPN
eistud-21731	130	21	shows	show	VERB
eistud-21731	130	22	total	total	ADJ
eistud-21731	130	23	revenue	revenue	NOUN
eistud-21731	130	24	distribution	distribution	NOUN
eistud-21731	130	25	inequality	inequality	NOUN
eistud-21731	130	26	between	between	ADP
eistud-21731	130	27	firms	firm	NOUN
eistud-21731	130	28	)	)	PUNCT
eistud-21731	130	29	.	.	PUNCT
eistud-21731	131	1	upon	upon	SCONJ
eistud-21731	131	2	this	this	DET
eistud-21731	131	3	evaluation	evaluation	NOUN
eistud-21731	131	4	there	there	PRON
eistud-21731	131	5	was	be	VERB
eistud-21731	131	6	public	public	ADJ
eistud-21731	131	7	data	datum	NOUN
eistud-21731	131	8	structure	structure	NOUN
eistud-21731	131	9	changes	change	NOUN
eistud-21731	131	10	and	and	CCONJ
eistud-21731	131	11	b2b	b2b	NOUN
eistud-21731	131	12	sector	sector	NOUN
eistud-21731	131	13	data	datum	NOUN
eistud-21731	131	14	for	for	ADP
eistud-21731	131	15	the	the	DET
eistud-21731	131	16	mobile	mobile	ADJ
eistud-21731	131	17	phone	phone	NOUN
eistud-21731	131	18	,	,	PUNCT
eistud-21731	131	19	fixed	fix	VERB
eistud-21731	131	20	telephone	telephone	NOUN
eistud-21731	131	21	and	and	CCONJ
eistud-21731	131	22	internet	internet	NOUN
eistud-21731	131	23	connection	connection	NOUN
eistud-21731	131	24	services	service	NOUN
eistud-21731	131	25	are	be	AUX
eistud-21731	131	26	no	no	ADV
eistud-21731	131	27	longer	long	ADV
eistud-21731	131	28	available	available	ADJ
eistud-21731	131	29	.	.	PUNCT
eistud-21731	132	1	the	the	DET
eistud-21731	132	2	change	change	NOUN
eistud-21731	132	3	in	in	ADP
eistud-21731	132	4	data	datum	NOUN
eistud-21731	132	5	structure	structure	NOUN
eistud-21731	132	6	does	do	AUX
eistud-21731	132	7	not	not	PART
eistud-21731	132	8	allow	allow	VERB
eistud-21731	132	9	to	to	PART
eistud-21731	132	10	apply	apply	VERB
eistud-21731	132	11	the	the	DET
eistud-21731	132	12	forecast	forecast	NOUN
eistud-21731	132	13	according	accord	VERB
eistud-21731	132	14	to	to	ADP
eistud-21731	132	15	historical	historical	ADJ
eistud-21731	132	16	data	datum	NOUN
eistud-21731	132	17	,	,	PUNCT
eistud-21731	132	18	and	and	CCONJ
eistud-21731	132	19	we	we	PRON
eistud-21731	132	20	could	could	AUX
eistud-21731	132	21	only	only	ADV
eistud-21731	132	22	look	look	VERB
eistud-21731	132	23	into	into	ADP
eistud-21731	132	24	the	the	DET
eistud-21731	132	25	ex	ex	NOUN
eistud-21731	132	26	-	-	ADJ
eistud-21731	132	27	post	post	ADJ
eistud-21731	132	28	change	change	NOUN
eistud-21731	132	29	.	.	PUNCT
eistud-21731	133	1	in	in	ADP
eistud-21731	133	2	the	the	DET
eistud-21731	133	3	valuation	valuation	NOUN
eistud-21731	133	4	of	of	ADP
eistud-21731	133	5	the	the	DET
eistud-21731	133	6	sales	sale	NOUN
eistud-21731	133	7	impact	impact	NOUN
eistud-21731	133	8	valuation	valuation	NOUN
eistud-21731	133	9	object	object	NOUN
eistud-21731	133	10	indicators	indicator	NOUN
eistud-21731	133	11	difference	difference	NOUN
eistud-21731	133	12	between	between	ADP
eistud-21731	133	13	fact	fact	NOUN
eistud-21731	133	14	and	and	CCONJ
eistud-21731	133	15	forecast	forecast	NOUN
eistud-21731	133	16	value	value	NOUN
eistud-21731	133	17	ex	ex	ADJ
eistud-21731	133	18	-	-	ADJ
eistud-21731	133	19	post	post	ADJ
eistud-21731	133	20	change	change	NOUN
eistud-21731	133	21	(	(	PUNCT
eistud-21731	133	22	1	1	X
eistud-21731	133	23	)	)	PUNCT
eistud-21731	133	24	firm	firm	ADJ
eistud-21731	133	25	fcff	fcff	ADJ
eistud-21731	133	26	synergy	synergy	NOUN
eistud-21731	133	27	growth	growth	NOUN
eistud-21731	133	28	sales	sale	NOUN
eistud-21731	133	29	revenue	revenue	NOUN
eistud-21731	133	30	hhi	hhi	PROPN
eistud-21731	133	31	gini	gini	PROPN
eistud-21731	133	32	average	average	ADJ
eistud-21731	133	33	expenses	expense	NOUN
eistud-21731	133	34	of	of	ADP
eistud-21731	133	35	customer	customer	NOUN
eistud-21731	133	36	price	price	NOUN
eistud-21731	133	37	change	change	NOUN
eistud-21731	133	38	positive/	positive/	NUM
eistud-21731	133	39	negative	negative	ADJ
eistud-21731	133	40	price	price	NOUN
eistud-21731	133	41	change	change	NOUN
eistud-21731	133	42	positive	positive	ADJ
eistud-21731	133	43	/	/	SYM
eistud-21731	133	44	negative	negative	ADJ
eistud-21731	133	45	product	product	NOUN
eistud-21731	133	46	or	or	CCONJ
eistud-21731	133	47	service	service	NOUN
eistud-21731	133	48	quantity	quantity	NOUN
eistud-21731	133	49	quantity	quantity	NOUN
eistud-21731	133	50	change	change	VERB
eistud-21731	133	51	positive	positive	ADJ
eistud-21731	133	52	/	/	SYM
eistud-21731	133	53	negative	negative	ADJ
eistud-21731	133	54	quantity	quantity	NOUN
eistud-21731	133	55	change	change	VERB
eistud-21731	133	56	positive	positive	ADJ
eistud-21731	133	57	/	/	SYM
eistud-21731	133	58	negative	negative	ADJ
eistud-21731	133	59	quality	quality	NOUN
eistud-21731	133	60	quality	quality	NOUN
eistud-21731	133	61	change	change	NOUN
eistud-21731	133	62	positive	positive	ADJ
eistud-21731	133	63	/	/	SYM
eistud-21731	133	64	negative	negative	ADJ
eistud-21731	133	65	taxes	taxis	NOUN
eistud-21731	133	66	excluded	exclude	VERB
eistud-21731	133	67	from	from	ADP
eistud-21731	133	68	fcff	fcff	ADJ
eistud-21731	133	69	valuation	valuation	NOUN
eistud-21731	133	70	taxes	taxis	NOUN
eistud-21731	133	71	increase	increase	VERB
eistud-21731	133	72	/	/	SYM
eistud-21731	133	73	decrease	decrease	NOUN
eistud-21731	133	74	growth	growth	NOUN
eistud-21731	133	75	technological	technological	ADJ
eistud-21731	133	76	advance	advance	NOUN
eistud-21731	133	77	and	and	CCONJ
eistud-21731	133	78	innovation	innovation	NOUN
eistud-21731	133	79	social	social	ADJ
eistud-21731	133	80	economic	economic	ADJ
eistud-21731	133	81	benefit	benefit	NOUN
eistud-21731	133	82	sector	sector	NOUN
eistud-21731	133	83	investments	investment	VERB
eistud-21731	133	84	economic	economic	ADJ
eistud-21731	133	85	benefit	benefit	NOUN
eistud-21731	133	86	growth	growth	NOUN
eistud-21731	133	87	figure	figure	NOUN
eistud-21731	133	88	1	1	NUM
eistud-21731	133	89	merger	merger	NOUN
eistud-21731	133	90	and	and	CCONJ
eistud-21731	133	91	acquisition	acquisition	NOUN
eistud-21731	133	92	valuation	valuation	PROPN
eistud-21731	133	93	model	model	PROPN
eistud-21731	133	94	source	source	PROPN
eistud-21731	133	95	:	:	PUNCT
eistud-21731	133	96	constructed	construct	VERB
eistud-21731	133	97	by	by	ADP
eistud-21731	133	98	the	the	DET
eistud-21731	133	99	authors	author	NOUN
eistud-21731	133	100	.	.	PUNCT
eistud-21731	134	1	71	71	NUM
eistud-21731	134	2	european	european	ADJ
eistud-21731	134	3	integrat	integrat	NOUN
eistud-21731	134	4	ion	ion	NOUN
eistud-21731	134	5	studies	study	NOUN
eistud-21731	134	6	2018/12	2018/12	NUM
eistud-21731	134	7	ef	ef	X
eistud-21731	134	8	fe	fe	X
eistud-21731	134	9	ct	ct	NUM
eistud-21731	134	10	o	o	PROPN
eistud-21731	134	11	n	n	CCONJ
eistud-21731	134	12	th	th	X
eistud-21731	134	13	e	e	X
eistud-21731	134	14	eq	eq	PROPN
eistud-21731	134	15	ua	ua	PROPN
eistud-21731	134	16	tio	tio	PROPN
eistud-21731	134	17	n	n	PROPN
eistud-21731	134	18	indicator	indicator	NOUN
eistud-21731	134	19	ab	ab	PROPN
eistud-21731	134	20	'	'	PUNCT
eistud-21731	134	21	omnitel	omnitel	VERB
eistud-21731	134	22	'	'	PART
eistud-21731	134	23	+	+	ADJ
eistud-21731	134	24	ab	ab	PROPN
eistud-21731	134	25	'	'	PUNCT
eistud-21731	134	26	teo	teo	PROPN
eistud-21731	134	27	'	'	PUNCT
eistud-21731	134	28	ab	ab	PROPN
eistud-21731	134	29	'	'	PUNCT
eistud-21731	134	30	telia	telia	PROPN
eistud-21731	134	31	lietuva	lietuva	PROPN
eistud-21731	134	32	'	'	PART
eistud-21731	134	33	merger	merger	NOUN
eistud-21731	134	34	effect	effect	NOUN
eistud-21731	134	35	forecast	forecast	VERB
eistud-21731	134	36	fact	fact	NOUN
eistud-21731	134	37	2016	2016	NUM
eistud-21731	134	38	fr	fr	NUM
eistud-21731	134	39	2017	2017	NUM
eistud-21731	135	1	fr	fr	NUM
eistud-21731	135	2	2016	2016	NUM
eistud-21731	135	3	f	f	NOUN
eistud-21731	135	4	2017	2017	NUM
eistud-21731	135	5	f	f	SYM
eistud-21731	135	6	2016	2016	NUM
eistud-21731	135	7	2017	2017	NUM
eistud-21731	135	8	eb	eb	PROPN
eistud-21731	135	9	it	it	PRON
eistud-21731	136	1	=	=	SYM
eistud-21731	136	2	sales	sale	NOUN
eistud-21731	136	3	(	(	PUNCT
eistud-21731	136	4	profit	profit	NOUN
eistud-21731	136	5	and	and	CCONJ
eistud-21731	136	6	losses	loss	NOUN
eistud-21731	136	7	statement	statement	NOUN
eistud-21731	136	8	)	)	PUNCT
eistud-21731	136	9	346	346	NUM
eistud-21731	136	10	735	735	NUM
eistud-21731	136	11	350	350	NUM
eistud-21731	136	12	549	549	NUM
eistud-21731	136	13	345	345	NUM
eistud-21731	136	14	906	906	NUM
eistud-21731	136	15	370	370	NUM
eistud-21731	136	16	123	123	NUM
eistud-21731	136	17	-829	-829	PROPN
eistud-21731	136	18	19	19	NUM
eistud-21731	136	19	574	574	NUM
eistud-21731	136	20	opex	opex	NOUN
eistud-21731	136	21	(	(	PUNCT
eistud-21731	136	22	profit	profit	NOUN
eistud-21731	136	23	and	and	CCONJ
eistud-21731	136	24	losses	loss	NOUN
eistud-21731	136	25	statement	statement	NOUN
eistud-21731	136	26	)	)	PUNCT
eistud-21731	136	27	-237	-237	PROPN
eistud-21731	136	28	985	985	NUM
eistud-21731	136	29	-239	-239	NUM
eistud-21731	136	30	051	051	NUM
eistud-21731	136	31	-234	-234	PROPN
eistud-21731	136	32	526	526	NUM
eistud-21731	136	33	-247	-247	NUM
eistud-21731	136	34	932	932	NUM
eistud-21731	136	35	3	3	NUM
eistud-21731	136	36	459	459	NUM
eistud-21731	136	37	-8	-8	NUM
eistud-21731	136	38	881	881	NUM
eistud-21731	136	39	depriciation	depriciation	NOUN
eistud-21731	136	40	(	(	PUNCT
eistud-21731	136	41	cash	cash	NOUN
eistud-21731	136	42	flow	flow	NOUN
eistud-21731	136	43	statement	statement	NOUN
eistud-21731	136	44	)	)	PUNCT
eistud-21731	136	45	-60	-60	PUNCT
eistud-21731	136	46	510	510	NUM
eistud-21731	136	47	-62	-62	SYM
eistud-21731	136	48	296	296	NUM
eistud-21731	136	49	-63	-63	NUM
eistud-21731	136	50	233	233	NUM
eistud-21731	136	51	-67	-67	NUM
eistud-21731	136	52	044	044	NUM
eistud-21731	136	53	-2	-2	NOUN
eistud-21731	136	54	723	723	NUM
eistud-21731	136	55	-4	-4	SYM
eistud-21731	136	56	748	748	NUM
eistud-21731	136	57	+	+	CCONJ
eistud-21731	136	58	other	other	ADJ
eistud-21731	136	59	operating	operate	VERB
eistud-21731	136	60	income	income	NOUN
eistud-21731	136	61	(	(	PUNCT
eistud-21731	136	62	profit	profit	NOUN
eistud-21731	136	63	and	and	CCONJ
eistud-21731	136	64	losses	loss	NOUN
eistud-21731	136	65	statement	statement	NOUN
eistud-21731	136	66	)	)	PUNCT
eistud-21731	136	67	4	4	NUM
eistud-21731	136	68	062	062	NUM
eistud-21731	136	69	4	4	NUM
eistud-21731	136	70	108	108	NUM
eistud-21731	136	71	1	1	NUM
eistud-21731	136	72	415	415	NUM
eistud-21731	136	73	1	1	NUM
eistud-21731	136	74	949	949	NUM
eistud-21731	136	75	-2	-2	NOUN
eistud-21731	136	76	647	647	NUM
eistud-21731	136	77	-2	-2	NUM
eistud-21731	136	78	159	159	NUM
eistud-21731	136	79	other	other	ADJ
eistud-21731	136	80	operating	operating	NOUN
eistud-21731	136	81	expenses	expense	NOUN
eistud-21731	136	82	(	(	PUNCT
eistud-21731	136	83	profit	profit	NOUN
eistud-21731	136	84	and	and	CCONJ
eistud-21731	136	85	losses	loss	NOUN
eistud-21731	136	86	statement	statement	NOUN
eistud-21731	136	87	)	)	PUNCT
eistud-21731	137	1	-945	-945	PROPN
eistud-21731	137	2	-960	-960	NUM
eistud-21731	137	3	-2	-2	NOUN
eistud-21731	138	1	485	485	NUM
eistud-21731	138	2	-2	-2	NOUN
eistud-21731	138	3	405	405	NUM
eistud-21731	138	4	-1	-1	SYM
eistud-21731	138	5	540	540	NUM
eistud-21731	138	6	-1	-1	SYM
eistud-21731	138	7	445	445	NUM
eistud-21731	139	1	+	+	CCONJ
eistud-21731	139	2	interest	interest	NOUN
eistud-21731	139	3	(	(	PUNCT
eistud-21731	139	4	cash	cash	NOUN
eistud-21731	139	5	flow	flow	NOUN
eistud-21731	139	6	statement	statement	NOUN
eistud-21731	139	7	)	)	PUNCT
eistud-21731	139	8	303	303	NUM
eistud-21731	139	9	306	306	NUM
eistud-21731	139	10	1	1	NUM
eistud-21731	139	11	961	961	NUM
eistud-21731	139	12	2	2	NUM
eistud-21731	139	13	310	310	NUM
eistud-21731	139	14	1	1	NUM
eistud-21731	139	15	658	658	NUM
eistud-21731	139	16	2	2	NUM
eistud-21731	139	17	004	004	NUM
eistud-21731	139	18	+	+	CCONJ
eistud-21731	139	19	profit	profit	NOUN
eistud-21731	139	20	tax	tax	NOUN
eistud-21731	139	21	(	(	PUNCT
eistud-21731	139	22	profit	profit	NOUN
eistud-21731	139	23	and	and	CCONJ
eistud-21731	139	24	losses	loss	NOUN
eistud-21731	139	25	statement	statement	NOUN
eistud-21731	139	26	)	)	PUNCT
eistud-21731	139	27	eur	eur	PROPN
eistud-21731	140	1	5	5	NUM
eistud-21731	140	2	026	026	NUM
eistud-21731	140	3	5	5	NUM
eistud-21731	140	4	111	111	NUM
eistud-21731	140	5	5	5	NUM
eistud-21731	140	6	583	583	NUM
eistud-21731	140	7	2	2	NUM
eistud-21731	140	8	913	913	NUM
eistud-21731	140	9	557	557	NUM
eistud-21731	140	10	-2	-2	SYM
eistud-21731	140	11	198	198	NUM
eistud-21731	140	12	=	=	SYM
eistud-21731	140	13	ebit	ebit	NOUN
eistud-21731	140	14	56	56	NUM
eistud-21731	140	15	686	686	NUM
eistud-21731	140	16	57	57	NUM
eistud-21731	140	17	767	767	NUM
eistud-21731	140	18	54	54	NUM
eistud-21731	140	19	621	621	NUM
eistud-21731	140	20	59	59	NUM
eistud-21731	140	21	914	914	NUM
eistud-21731	140	22	-2	-2	NOUN
eistud-21731	140	23	065	065	NUM
eistud-21731	140	24	2	2	NUM
eistud-21731	140	25	147	147	NUM
eistud-21731	140	26	net	net	ADJ
eistud-21731	140	27	profit	profit	NOUN
eistud-21731	140	28	51	51	NUM
eistud-21731	140	29	357	357	NUM
eistud-21731	140	30	52	52	NUM
eistud-21731	140	31	351	351	NUM
eistud-21731	140	32	47	47	NUM
eistud-21731	140	33	077	077	NUM
eistud-21731	140	34	54	54	NUM
eistud-21731	140	35	691	691	NUM
eistud-21731	140	36	-4	-4	NUM
eistud-21731	140	37	280	280	NUM
eistud-21731	140	38	2	2	NUM
eistud-21731	140	39	340	340	NUM
eistud-21731	140	40	profit	profit	NOUN
eistud-21731	140	41	tax	tax	NOUN
eistud-21731	140	42	,	,	PUNCT
eistud-21731	140	43	%	%	NOUN
eistud-21731	140	44	17,60	17,60	NUM
eistud-21731	140	45	%	%	NOUN
eistud-21731	140	46	17,60	17,60	NUM
eistud-21731	140	47	%	%	NOUN
eistud-21731	140	48	11,86	11,86	NUM
eistud-21731	140	49	%	%	NOUN
eistud-21731	140	50	54	54	NUM
eistud-21731	140	51	691	691	NUM
eistud-21731	140	52	-5,7	-5,7	NUM
eistud-21731	140	53	%	%	NOUN
eistud-21731	140	54	-12,3	-12,3	NOUN
eistud-21731	140	55	%	%	NOUN
eistud-21731	140	56	net	net	ADJ
eistud-21731	140	57	profit	profit	NOUN
eistud-21731	140	58	margin	margin	NOUN
eistud-21731	140	59	14,8	14,8	NUM
eistud-21731	140	60	%	%	NOUN
eistud-21731	140	61	14,9	14,9	NUM
eistud-21731	140	62	%	%	NOUN
eistud-21731	140	63	13,6	13,6	NUM
eistud-21731	140	64	%	%	NOUN
eistud-21731	140	65	14,8	14,8	NUM
eistud-21731	140	66	%	%	NOUN
eistud-21731	140	67	-1,2	-1,2	NUM
eistud-21731	140	68	%	%	NOUN
eistud-21731	140	69	-0,2	-0,2	NOUN
eistud-21731	140	70	%	%	NOUN
eistud-21731	140	71	asset	asset	NOUN
eistud-21731	140	72	turnover	turnover	NOUN
eistud-21731	140	73	0,45	0,45	NUM
eistud-21731	140	74	0,46	0,46	NOUN
eistud-21731	140	75	0,59	0,59	NUM
eistud-21731	140	76	0,65	0,65	NUM
eistud-21731	141	1	0,14	0,14	ADP
eistud-21731	141	2	0,19	0,19	NUM
eistud-21731	141	3	ec	ec	PROPN
eistud-21731	141	4	ff	ff	PROPN
eistud-21731	141	5	net	net	PROPN
eistud-21731	141	6	profit	profit	NOUN
eistud-21731	141	7	51	51	NUM
eistud-21731	141	8	357	357	NUM
eistud-21731	141	9	52	52	NUM
eistud-21731	141	10	351	351	NUM
eistud-21731	141	11	47	47	NUM
eistud-21731	141	12	077	077	NUM
eistud-21731	141	13	54	54	NUM
eistud-21731	141	14	691	691	NUM
eistud-21731	141	15	-4	-4	NUM
eistud-21731	141	16	280	280	NUM
eistud-21731	141	17	2	2	NUM
eistud-21731	141	18	340	340	NUM
eistud-21731	141	19	+	+	NUM
eistud-21731	141	20	interest	interest	NOUN
eistud-21731	141	21	expenses*(1	expenses*(1	NOUN
eistud-21731	141	22	-	-	PUNCT
eistud-21731	141	23	t	t	NOUN
eistud-21731	141	24	)	)	PUNCT
eistud-21731	141	25	274	274	NUM
eistud-21731	141	26	276	276	NUM
eistud-21731	141	27	1	1	NUM
eistud-21731	141	28	728	728	NUM
eistud-21731	141	29	2	2	NUM
eistud-21731	141	30	187	187	NUM
eistud-21731	141	31	1	1	NUM
eistud-21731	141	32	454	454	NUM
eistud-21731	141	33	1	1	NUM
eistud-21731	141	34	910	910	NUM
eistud-21731	141	35	+	+	CCONJ
eistud-21731	141	36	depriciation	depriciation	NOUN
eistud-21731	141	37	60	60	NUM
eistud-21731	141	38	510	510	NUM
eistud-21731	141	39	62	62	NUM
eistud-21731	141	40	296	296	NUM
eistud-21731	141	41	63	63	NUM
eistud-21731	141	42	233	233	NUM
eistud-21731	141	43	67	67	NUM
eistud-21731	141	44	044	044	NUM
eistud-21731	141	45	2	2	NUM
eistud-21731	141	46	723	723	NUM
eistud-21731	141	47	4	4	NUM
eistud-21731	141	48	748	748	NUM
eistud-21731	141	49	investments	investment	NOUN
eistud-21731	141	50	in	in	ADP
eistud-21731	141	51	the	the	DET
eistud-21731	141	52	long	long	ADJ
eistud-21731	141	53	term	term	NOUN
eistud-21731	141	54	assets	asset	NOUN
eistud-21731	141	55	-62	-62	PUNCT
eistud-21731	141	56	551	551	NUM
eistud-21731	141	57	-63	-63	SYM
eistud-21731	141	58	937	937	NUM
eistud-21731	141	59	-41	-41	SYM
eistud-21731	141	60	976	976	NUM
eistud-21731	141	61	-65	-65	SYM
eistud-21731	141	62	102	102	NUM
eistud-21731	141	63	20	20	NUM
eistud-21731	141	64	575	575	NUM
eistud-21731	141	65	-1	-1	SYM
eistud-21731	141	66	165	165	NUM
eistud-21731	141	67	investments	investment	NOUN
eistud-21731	141	68	in	in	ADP
eistud-21731	141	69	working	work	VERB
eistud-21731	141	70	capital	capital	NOUN
eistud-21731	141	71	-6	-6	PROPN
eistud-21731	141	72	339	339	NUM
eistud-21731	141	73	-11	-11	SYM
eistud-21731	141	74	517	517	NUM
eistud-21731	141	75	-40	-40	NUM
eistud-21731	141	76	912	912	NUM
eistud-21731	141	77	-8	-8	NUM
eistud-21731	141	78	662	662	NUM
eistud-21731	141	79	-34	-34	SYM
eistud-21731	141	80	574	574	NUM
eistud-21731	141	81	2	2	NUM
eistud-21731	141	82	855	855	NUM
eistud-21731	141	83	net	net	ADJ
eistud-21731	141	84	working	work	VERB
eistud-21731	141	85	capital	capital	NOUN
eistud-21731	141	86	51	51	NUM
eistud-21731	141	87	878	878	NUM
eistud-21731	141	88	63	63	NUM
eistud-21731	141	89	396	396	NUM
eistud-21731	141	90	48	48	NUM
eistud-21731	141	91	933	933	NUM
eistud-21731	141	92	57	57	NUM
eistud-21731	141	93	595	595	NUM
eistud-21731	141	94	-2	-2	NOUN
eistud-21731	141	95	945	945	NUM
eistud-21731	141	96	-5	-5	NUM
eistud-21731	141	97	801	801	NUM
eistud-21731	141	98	=	=	NOUN
eistud-21731	141	99	fcff	fcff	NOUN
eistud-21731	141	100	43	43	NUM
eistud-21731	141	101	253	253	NUM
eistud-21731	141	102	63	63	NUM
eistud-21731	141	103	396	396	NUM
eistud-21731	141	104	29	29	NUM
eistud-21731	141	105	150	150	NUM
eistud-21731	141	106	50	50	NUM
eistud-21731	141	107	158	158	NUM
eistud-21731	141	108	-14	-14	NUM
eistud-21731	141	109	102	102	NUM
eistud-21731	141	110	10	10	NUM
eistud-21731	141	111	689	689	NUM
eistud-21731	141	112	revenue	revenue	NOUN
eistud-21731	141	113	where	where	SCONJ
eistud-21731	141	114	was	be	AUX
eistud-21731	141	115	a	a	DET
eistud-21731	141	116	slightly	slightly	ADV
eistud-21731	141	117	positive	positive	ADJ
eistud-21731	141	118	change	change	NOUN
eistud-21731	141	119	for	for	ADP
eistud-21731	141	120	the	the	DET
eistud-21731	141	121	ab	ab	PROPN
eistud-21731	141	122	‘	'	PUNCT
eistud-21731	141	123	telia	telia	PROPN
eistud-21731	141	124	lietuva	lietuva	PROPN
eistud-21731	141	125	’	'	PUNCT
eistud-21731	141	126	,	,	PUNCT
eistud-21731	141	127	however	however	ADV
eistud-21731	141	128	,	,	PUNCT
eistud-21731	141	129	the	the	DET
eistud-21731	141	130	results	result	NOUN
eistud-21731	141	131	in	in	ADP
eistud-21731	141	132	revenue	revenue	NOUN
eistud-21731	141	133	showed	show	VERB
eistud-21731	141	134	that	that	SCONJ
eistud-21731	141	135	the	the	DET
eistud-21731	141	136	merger	merger	NOUN
eistud-21731	141	137	had	have	AUX
eistud-21731	141	138	not	not	PART
eistud-21731	141	139	given	give	VERB
eistud-21731	141	140	a	a	DET
eistud-21731	141	141	greater	great	ADJ
eistud-21731	141	142	position	position	NOUN
eistud-21731	141	143	to	to	ADP
eistud-21731	141	144	the	the	DET
eistud-21731	141	145	ab	ab	PROPN
eistud-21731	141	146	‘	'	PUNCT
eistud-21731	141	147	telia	telia	PROPN
eistud-21731	141	148	lietuva	lietuva	PROPN
eistud-21731	141	149	’	'	PUNCT
eistud-21731	141	150	.	.	PUNCT
eistud-21731	142	1	on	on	ADP
eistud-21731	142	2	the	the	DET
eistud-21731	142	3	other	other	ADJ
eistud-21731	142	4	hand	hand	NOUN
eistud-21731	142	5	gini	gini	PROPN
eistud-21731	142	6	and	and	CCONJ
eistud-21731	142	7	hhi	hhi	PROPN
eistud-21731	142	8	coefficient	coefficient	NOUN
eistud-21731	142	9	analysis	analysis	NOUN
eistud-21731	142	10	has	have	AUX
eistud-21731	142	11	shown	show	VERB
eistud-21731	142	12	that	that	SCONJ
eistud-21731	142	13	internet	internet	NOUN
eistud-21731	142	14	connection	connection	NOUN
eistud-21731	142	15	services	service	NOUN
eistud-21731	142	16	have	have	AUX
eistud-21731	142	17	changed	change	VERB
eistud-21731	142	18	significantly	significantly	ADV
eistud-21731	142	19	and	and	CCONJ
eistud-21731	142	20	this	this	PRON
eistud-21731	142	21	occurred	occur	VERB
eistud-21731	142	22	after	after	ADP
eistud-21731	142	23	a	a	DET
eistud-21731	142	24	merger	merger	NOUN
eistud-21731	142	25	.	.	PUNCT
eistud-21731	143	1	taking	take	VERB
eistud-21731	143	2	a	a	DET
eistud-21731	143	3	look	look	NOUN
eistud-21731	143	4	into	into	ADP
eistud-21731	143	5	data	datum	NOUN
eistud-21731	143	6	from	from	ADP
eistud-21731	143	7	figure	figure	NOUN
eistud-21731	143	8	3	3	NUM
eistud-21731	143	9	,	,	PUNCT
eistud-21731	143	10	we	we	PRON
eistud-21731	143	11	can	can	AUX
eistud-21731	143	12	see	see	VERB
eistud-21731	143	13	that	that	SCONJ
eistud-21731	143	14	the	the	DET
eistud-21731	143	15	market	market	NOUN
eistud-21731	143	16	structure	structure	NOUN
eistud-21731	143	17	has	have	AUX
eistud-21731	143	18	changed	change	VERB
eistud-21731	143	19	significantly	significantly	ADV
eistud-21731	143	20	after	after	ADP
eistud-21731	143	21	a	a	DET
eistud-21731	143	22	merger	merger	NOUN
eistud-21731	143	23	,	,	PUNCT
eistud-21731	143	24	the	the	DET
eistud-21731	143	25	distribution	distribution	NOUN
eistud-21731	143	26	of	of	ADP
eistud-21731	143	27	revenue	revenue	NOUN
eistud-21731	143	28	between	between	ADP
eistud-21731	143	29	the	the	DET
eistud-21731	143	30	firms	firm	NOUN
eistud-21731	143	31	in	in	ADP
eistud-21731	143	32	the	the	DET
eistud-21731	143	33	sector	sector	NOUN
eistud-21731	143	34	has	have	AUX
eistud-21731	143	35	also	also	ADV
eistud-21731	143	36	risen	rise	VERB
eistud-21731	143	37	.	.	PUNCT
eistud-21731	144	1	keeping	keep	VERB
eistud-21731	144	2	in	in	ADP
eistud-21731	144	3	mind	mind	NOUN
eistud-21731	144	4	that	that	SCONJ
eistud-21731	144	5	ab	ab	PROPN
eistud-21731	144	6	‘	'	PUNCT
eistud-21731	144	7	telia	telia	PROPN
eistud-21731	144	8	lietuva	lietuva	PROPN
eistud-21731	144	9	”	"	PUNCT
eistud-21731	144	10	sales	sale	NOUN
eistud-21731	144	11	revenue	revenue	NOUN
eistud-21731	144	12	had	have	VERB
eistud-21731	144	13	a	a	DET
eistud-21731	144	14	slight	slight	ADJ
eistud-21731	144	15	change	change	NOUN
eistud-21731	144	16	after	after	ADP
eistud-21731	144	17	the	the	DET
eistud-21731	144	18	merger	merger	NOUN
eistud-21731	144	19	we	we	PRON
eistud-21731	144	20	can	can	AUX
eistud-21731	144	21	say	say	VERB
eistud-21731	144	22	that	that	SCONJ
eistud-21731	144	23	the	the	DET
eistud-21731	144	24	change	change	NOUN
eistud-21731	144	25	in	in	ADP
eistud-21731	144	26	the	the	DET
eistud-21731	144	27	revenue	revenue	NOUN
eistud-21731	144	28	distribution	distribution	NOUN
eistud-21731	144	29	was	be	AUX
eistud-21731	144	30	made	make	VERB
eistud-21731	144	31	from	from	ADP
eistud-21731	144	32	a	a	DET
eistud-21731	144	33	more	more	ADV
eistud-21731	144	34	aggressive	aggressive	ADJ
eistud-21731	144	35	concurrent	concurrent	ADJ
eistud-21731	144	36	position	position	NOUN
eistud-21731	144	37	in	in	ADP
eistud-21731	144	38	the	the	DET
eistud-21731	144	39	market	market	NOUN
eistud-21731	144	40	,	,	PUNCT
eistud-21731	144	41	which	which	PRON
eistud-21731	144	42	implies	imply	VERB
eistud-21731	144	43	a	a	DET
eistud-21731	144	44	possibility	possibility	NOUN
eistud-21731	144	45	of	of	ADP
eistud-21731	144	46	smaller	small	ADJ
eistud-21731	144	47	companies	company	NOUN
eistud-21731	144	48	’	’	PART
eistud-21731	144	49	losses	loss	NOUN
eistud-21731	144	50	.	.	PUNCT
eistud-21731	145	1	3	3	NUM
eistud-21731	145	2	the	the	DET
eistud-21731	145	3	evaluation	evaluation	NOUN
eistud-21731	145	4	of	of	ADP
eistud-21731	145	5	the	the	DET
eistud-21731	145	6	customer	customer	NOUN
eistud-21731	145	7	.	.	PUNCT
eistud-21731	146	1	first	first	ADV
eistud-21731	146	2	,	,	PUNCT
eistud-21731	146	3	we	we	PRON
eistud-21731	146	4	evaluate	evaluate	VERB
eistud-21731	146	5	the	the	DET
eistud-21731	146	6	changes	change	NOUN
eistud-21731	146	7	in	in	ADP
eistud-21731	146	8	quantity	quantity	NOUN
eistud-21731	146	9	and	and	CCONJ
eistud-21731	146	10	the	the	DET
eistud-21731	146	11	changes	change	NOUN
eistud-21731	146	12	in	in	ADP
eistud-21731	146	13	expenses	expense	NOUN
eistud-21731	146	14	for	for	ADP
eistud-21731	146	15	services	service	NOUN
eistud-21731	146	16	.	.	PUNCT
eistud-21731	147	1	the	the	DET
eistud-21731	147	2	changes	change	NOUN
eistud-21731	147	3	in	in	ADP
eistud-21731	147	4	all	all	DET
eistud-21731	147	5	sectors	sector	NOUN
eistud-21731	147	6	have	have	AUX
eistud-21731	147	7	not	not	PART
eistud-21731	147	8	shown	show	VERB
eistud-21731	147	9	significant	significant	ADJ
eistud-21731	147	10	impact	impact	NOUN
eistud-21731	147	11	source	source	NOUN
eistud-21731	147	12	:	:	PUNCT
eistud-21731	147	13	evaluated	evaluate	VERB
eistud-21731	147	14	by	by	ADP
eistud-21731	147	15	the	the	DET
eistud-21731	147	16	author	author	NOUN
eistud-21731	147	17	using	use	VERB
eistud-21731	147	18	financial	financial	ADJ
eistud-21731	147	19	reports	report	NOUN
eistud-21731	147	20	of	of	ADP
eistud-21731	147	21	ab	ab	PROPN
eistud-21731	147	22	‘	'	PUNCT
eistud-21731	147	23	teo	teo	PROPN
eistud-21731	147	24	'	'	PUNCT
eistud-21731	147	25	,	,	PUNCT
eistud-21731	147	26	ab	ab	PROPN
eistud-21731	147	27	‘	'	PUNCT
eistud-21731	147	28	omnitel	omnitel	NOUN
eistud-21731	147	29	'	'	PUNCT
eistud-21731	147	30	and	and	CCONJ
eistud-21731	147	31	ab	ab	PROPN
eistud-21731	147	32	telia	telia	PROPN
eistud-21731	147	33	lietuva	lietuva	PROPN
eistud-21731	147	34	’	'	PUNCT
eistud-21731	147	35	(	(	PUNCT
eistud-21731	147	36	2011	2011	NUM
eistud-21731	147	37	-	-	SYM
eistud-21731	147	38	2017	2017	NUM
eistud-21731	147	39	)	)	PUNCT
eistud-21731	147	40	.	.	PUNCT
eistud-21731	148	1	table	table	NOUN
eistud-21731	148	2	2	2	NUM
eistud-21731	148	3	the	the	DET
eistud-21731	148	4	merger	merger	NOUN
eistud-21731	148	5	of	of	ADP
eistud-21731	148	6	ab	ab	PROPN
eistud-21731	148	7	‘	'	PUNCT
eistud-21731	148	8	telia	telia	PROPN
eistud-21731	148	9	lietuva	lietuva	PROPN
eistud-21731	148	10	’	'	PUNCT
eistud-21731	148	11	firm	firm	ADJ
eistud-21731	148	12	valuation	valuation	NOUN
eistud-21731	148	13	european	european	ADJ
eistud-21731	148	14	integrat	integrat	PROPN
eistud-21731	148	15	ion	ion	NOUN
eistud-21731	148	16	studies	study	NOUN
eistud-21731	148	17	2018/12	2018/12	NUM
eistud-21731	148	18	72	72	NUM
eistud-21731	148	19	source	source	NOUN
eistud-21731	148	20	:	:	PUNCT
eistud-21731	148	21	evaluated	evaluate	VERB
eistud-21731	148	22	by	by	ADP
eistud-21731	148	23	the	the	DET
eistud-21731	148	24	authors	author	NOUN
eistud-21731	148	25	using	use	VERB
eistud-21731	148	26	data	datum	NOUN
eistud-21731	148	27	from	from	ADP
eistud-21731	148	28	the	the	DET
eistud-21731	148	29	communications	communication	NOUN
eistud-21731	148	30	regulatory	regulatory	PROPN
eistud-21731	148	31	authority	authority	PROPN
eistud-21731	148	32	department	department	PROPN
eistud-21731	148	33	of	of	ADP
eistud-21731	148	34	lithuania	lithuania	PROPN
eistud-21731	148	35	republic	republic	PROPN
eistud-21731	148	36	.	.	PUNCT
eistud-21731	149	1	figure	figure	NOUN
eistud-21731	149	2	2	2	NUM
eistud-21731	149	3	internet	internet	NOUN
eistud-21731	149	4	service	service	NOUN
eistud-21731	149	5	providers	provider	NOUN
eistud-21731	149	6	market	market	NOUN
eistud-21731	149	7	concentration	concentration	NOUN
eistud-21731	149	8	of	of	ADP
eistud-21731	149	9	lithuania	lithuania	PROPN
eistud-21731	149	10	2011	2011	NUM
eistud-21731	149	11	-	-	SYM
eistud-21731	149	12	2017	2017	NUM
eistud-21731	149	13	figure	figure	NOUN
eistud-21731	149	14	3	3	NUM
eistud-21731	149	15	impact	impact	NOUN
eistud-21731	149	16	on	on	ADP
eistud-21731	149	17	ab	ab	PROPN
eistud-21731	149	18	‘	'	PUNCT
eistud-21731	149	19	telia	telia	PROPN
eistud-21731	149	20	lietuva	lietuva	PROPN
eistud-21731	149	21	’	'	PUNCT
eistud-21731	149	22	paid	pay	VERB
eistud-21731	149	23	taxes	taxis	NOUN
eistud-21731	149	24	and	and	CCONJ
eistud-21731	149	25	investments	investment	NOUN
eistud-21731	149	26	in	in	ADP
eistud-21731	149	27	communication	communication	NOUN
eistud-21731	149	28	sector	sector	NOUN
eistud-21731	149	29	2011	2011	NUM
eistud-21731	149	30	-	-	SYM
eistud-21731	149	31	2017	2017	NUM
eistud-21731	149	32	source	source	NOUN
eistud-21731	149	33	:	:	PUNCT
eistud-21731	149	34	evaluated	evaluate	VERB
eistud-21731	149	35	and	and	CCONJ
eistud-21731	149	36	calculated	calculate	VERB
eistud-21731	149	37	by	by	ADP
eistud-21731	149	38	the	the	DET
eistud-21731	149	39	authors	author	NOUN
eistud-21731	149	40	with	with	ADP
eistud-21731	149	41	data	datum	NOUN
eistud-21731	149	42	from	from	ADP
eistud-21731	149	43	financial	financial	ADJ
eistud-21731	149	44	reports	report	NOUN
eistud-21731	149	45	of	of	ADP
eistud-21731	149	46	ab	ab	PROPN
eistud-21731	149	47	‘	'	PUNCT
eistud-21731	149	48	teo	teo	PROPN
eistud-21731	149	49	’	'	PUNCT
eistud-21731	149	50	,	,	PUNCT
eistud-21731	149	51	ab	ab	PROPN
eistud-21731	149	52	‘	'	PUNCT
eistud-21731	149	53	omnitel	omnitel	NOUN
eistud-21731	149	54	’	'	PUNCT
eistud-21731	149	55	and	and	CCONJ
eistud-21731	149	56	ab	ab	PROPN
eistud-21731	149	57	‘	'	PUNCT
eistud-21731	149	58	telia	telia	PROPN
eistud-21731	149	59	lietuva	lietuva	PROPN
eistud-21731	149	60	’	'	PUNCT
eistud-21731	149	61	(	(	PUNCT
eistud-21731	149	62	2011	2011	NUM
eistud-21731	149	63	-	-	SYM
eistud-21731	149	64	2017	2017	NUM
eistud-21731	149	65	)	)	PUNCT
eistud-21731	149	66	and	and	CCONJ
eistud-21731	149	67	the	the	DET
eistud-21731	149	68	data	datum	NOUN
eistud-21731	149	69	from	from	ADP
eistud-21731	149	70	communications	communication	NOUN
eistud-21731	149	71	regulatory	regulatory	PROPN
eistud-21731	149	72	authority	authority	PROPN
eistud-21731	149	73	department	department	PROPN
eistud-21731	149	74	of	of	ADP
eistud-21731	149	75	lithuania	lithuania	PROPN
eistud-21731	149	76	republic	republic	PROPN
eistud-21731	149	77	.	.	PUNCT
eistud-21731	150	1	73	73	NUM
eistud-21731	150	2	european	european	ADJ
eistud-21731	150	3	integrat	integrat	NOUN
eistud-21731	150	4	ion	ion	NOUN
eistud-21731	150	5	studies	study	NOUN
eistud-21731	150	6	2018/12	2018/12	NUM
eistud-21731	150	7	from	from	ADP
eistud-21731	150	8	the	the	DET
eistud-21731	150	9	merger	merger	NOUN
eistud-21731	150	10	on	on	ADP
eistud-21731	150	11	the	the	DET
eistud-21731	150	12	market	market	NOUN
eistud-21731	150	13	for	for	ADP
eistud-21731	150	14	the	the	DET
eistud-21731	150	15	customer	customer	NOUN
eistud-21731	150	16	.	.	PUNCT
eistud-21731	151	1	also	also	ADV
eistud-21731	151	2	,	,	PUNCT
eistud-21731	151	3	the	the	DET
eistud-21731	151	4	data	data	NOUN
eistud-21731	151	5	availability	availability	NOUN
eistud-21731	151	6	was	be	AUX
eistud-21731	151	7	only	only	ADV
eistud-21731	151	8	from	from	ADP
eistud-21731	151	9	2015	2015	NUM
eistud-21731	151	10	,	,	PUNCT
eistud-21731	151	11	therefore	therefore	ADV
eistud-21731	151	12	forecast	forecast	NOUN
eistud-21731	151	13	element	element	NOUN
eistud-21731	151	14	was	be	AUX
eistud-21731	151	15	not	not	PART
eistud-21731	151	16	applied	apply	VERB
eistud-21731	151	17	in	in	ADP
eistud-21731	151	18	this	this	DET
eistud-21731	151	19	valuation	valuation	NOUN
eistud-21731	151	20	section	section	NOUN
eistud-21731	151	21	.	.	PUNCT
eistud-21731	152	1	the	the	DET
eistud-21731	152	2	service	service	NOUN
eistud-21731	152	3	quality	quality	NOUN
eistud-21731	152	4	indicator	indicator	NOUN
eistud-21731	152	5	also	also	ADV
eistud-21731	152	6	has	have	AUX
eistud-21731	152	7	not	not	PART
eistud-21731	152	8	been	be	AUX
eistud-21731	152	9	evaluated	evaluate	VERB
eistud-21731	152	10	due	due	ADP
eistud-21731	152	11	to	to	ADP
eistud-21731	152	12	data	datum	NOUN
eistud-21731	152	13	availability	availability	NOUN
eistud-21731	152	14	.	.	PUNCT
eistud-21731	153	1	therefore	therefore	ADV
eistud-21731	153	2	the	the	DET
eistud-21731	153	3	customer	customer	NOUN
eistud-21731	153	4	valuation	valuation	NOUN
eistud-21731	153	5	section	section	NOUN
eistud-21731	153	6	is	be	AUX
eistud-21731	153	7	incomplete	incomplete	ADJ
eistud-21731	153	8	in	in	ADP
eistud-21731	153	9	this	this	DET
eistud-21731	153	10	particular	particular	ADJ
eistud-21731	153	11	case	case	NOUN
eistud-21731	153	12	analysis	analysis	NOUN
eistud-21731	153	13	of	of	ADP
eistud-21731	153	14	ab	ab	PROPN
eistud-21731	153	15	‘	'	PUNCT
eistud-21731	153	16	telia	telia	PROPN
eistud-21731	153	17	lietuva	lietuva	PROPN
eistud-21731	153	18	’	'	PUNCT
eistud-21731	153	19	merger	merger	NOUN
eistud-21731	153	20	.	.	PUNCT
eistud-21731	154	1	4	4	NUM
eistud-21731	154	2	the	the	DET
eistud-21731	154	3	valuation	valuation	NOUN
eistud-21731	154	4	of	of	ADP
eistud-21731	154	5	the	the	DET
eistud-21731	154	6	state	state	NOUN
eistud-21731	154	7	.	.	PUNCT
eistud-21731	155	1	the	the	DET
eistud-21731	155	2	valuation	valuation	NOUN
eistud-21731	155	3	begins	begin	VERB
eistud-21731	155	4	with	with	ADP
eistud-21731	155	5	the	the	DET
eistud-21731	155	6	identification	identification	NOUN
eistud-21731	155	7	of	of	ADP
eistud-21731	155	8	the	the	DET
eistud-21731	155	9	effects	effect	NOUN
eistud-21731	155	10	which	which	PRON
eistud-21731	155	11	we	we	PRON
eistud-21731	155	12	can	can	AUX
eistud-21731	155	13	evaluate	evaluate	VERB
eistud-21731	155	14	,	,	PUNCT
eistud-21731	155	15	as	as	ADP
eistud-21731	155	16	for	for	ADP
eistud-21731	155	17	technological	technological	ADJ
eistud-21731	155	18	advances	advance	NOUN
eistud-21731	155	19	and	and	CCONJ
eistud-21731	155	20	innovations	innovation	NOUN
eistud-21731	155	21	we	we	PRON
eistud-21731	155	22	can	can	AUX
eistud-21731	155	23	not	not	PART
eistud-21731	155	24	predict	predict	VERB
eistud-21731	155	25	this	this	DET
eistud-21731	155	26	indicator	indicator	NOUN
eistud-21731	155	27	,	,	PUNCT
eistud-21731	155	28	therefore	therefore	ADV
eistud-21731	155	29	we	we	PRON
eistud-21731	155	30	are	be	AUX
eistud-21731	155	31	not	not	PART
eistud-21731	155	32	capable	capable	ADJ
eistud-21731	155	33	to	to	PART
eistud-21731	155	34	give	give	VERB
eistud-21731	155	35	a	a	DET
eistud-21731	155	36	forecast	forecast	NOUN
eistud-21731	155	37	analysis	analysis	NOUN
eistud-21731	155	38	on	on	ADP
eistud-21731	155	39	it	it	PRON
eistud-21731	155	40	.	.	PUNCT
eistud-21731	156	1	in	in	ADP
eistud-21731	156	2	the	the	DET
eistud-21731	156	3	case	case	NOUN
eistud-21731	156	4	of	of	ADP
eistud-21731	156	5	‘	'	PUNCT
eistud-21731	156	6	telia	telia	PROPN
eistud-21731	156	7	lietuva	lietuva	PROPN
eistud-21731	156	8	’	'	PUNCT
eistud-21731	156	9	there	there	PRON
eistud-21731	156	10	was	be	VERB
eistud-21731	156	11	no	no	DET
eistud-21731	156	12	additional	additional	ADJ
eistud-21731	156	13	value	value	NOUN
eistud-21731	156	14	from	from	ADP
eistud-21731	156	15	technological	technological	ADJ
eistud-21731	156	16	advances	advance	NOUN
eistud-21731	156	17	or	or	CCONJ
eistud-21731	156	18	innovations	innovation	NOUN
eistud-21731	156	19	in	in	ADP
eistud-21731	156	20	the	the	DET
eistud-21731	156	21	merger	merger	NOUN
eistud-21731	156	22	process	process	NOUN
eistud-21731	156	23	.	.	PUNCT
eistud-21731	157	1	secondly	secondly	ADV
eistud-21731	157	2	,	,	PUNCT
eistud-21731	157	3	we	we	PRON
eistud-21731	157	4	evaluate	evaluate	VERB
eistud-21731	157	5	the	the	DET
eistud-21731	157	6	taxes	taxis	NOUN
eistud-21731	157	7	and	and	CCONJ
eistud-21731	157	8	investments	investment	NOUN
eistud-21731	157	9	on	on	ADP
eistud-21731	157	10	the	the	DET
eistud-21731	157	11	basis	basis	NOUN
eistud-21731	157	12	of	of	ADP
eistud-21731	157	13	the	the	DET
eistud-21731	157	14	forecast	forecast	NOUN
eistud-21731	157	15	method	method	NOUN
eistud-21731	157	16	and	and	CCONJ
eistud-21731	157	17	evaluate	evaluate	VERB
eistud-21731	157	18	the	the	DET
eistud-21731	157	19	difference	difference	NOUN
eistud-21731	157	20	between	between	ADP
eistud-21731	157	21	the	the	DET
eistud-21731	157	22	fact	fact	NOUN
eistud-21731	157	23	-	-	PUNCT
eistud-21731	157	24	value	value	NOUN
eistud-21731	157	25	2016	2016	NUM
eistud-21731	157	26	and	and	CCONJ
eistud-21731	157	27	2017	2017	NUM
eistud-21731	157	28	.	.	PUNCT
eistud-21731	158	1	as	as	SCONJ
eistud-21731	158	2	we	we	PRON
eistud-21731	158	3	can	can	AUX
eistud-21731	158	4	see	see	VERB
eistud-21731	158	5	in	in	ADP
eistud-21731	158	6	figure	figure	NOUN
eistud-21731	158	7	3	3	NUM
eistud-21731	158	8	the	the	DET
eistud-21731	158	9	state	state	NOUN
eistud-21731	158	10	receive	receive	VERB
eistud-21731	158	11	positive	positive	ADJ
eistud-21731	158	12	impact	impact	NOUN
eistud-21731	158	13	from	from	ADP
eistud-21731	158	14	‘	'	PUNCT
eistud-21731	158	15	telia	telia	PROPN
eistud-21731	158	16	lietuva	lietuva	PROPN
eistud-21731	158	17	’	'	PUNCT
eistud-21731	158	18	merger	merger	NOUN
eistud-21731	158	19	in	in	ADP
eistud-21731	158	20	a	a	DET
eistud-21731	158	21	higher	high	ADJ
eistud-21731	158	22	level	level	NOUN
eistud-21731	158	23	of	of	ADP
eistud-21731	158	24	investments	investment	NOUN
eistud-21731	158	25	,	,	PUNCT
eistud-21731	158	26	on	on	ADP
eistud-21731	158	27	the	the	DET
eistud-21731	158	28	other	other	ADJ
eistud-21731	158	29	hand	hand	NOUN
eistud-21731	158	30	,	,	PUNCT
eistud-21731	158	31	there	there	PRON
eistud-21731	158	32	is	be	VERB
eistud-21731	158	33	a	a	DET
eistud-21731	158	34	negative	negative	ADJ
eistud-21731	158	35	impact	impact	NOUN
eistud-21731	158	36	as	as	SCONJ
eistud-21731	158	37	the	the	DET
eistud-21731	158	38	fewer	few	ADJ
eistud-21731	158	39	taxes	taxis	NOUN
eistud-21731	158	40	are	be	AUX
eistud-21731	158	41	paid	pay	VERB
eistud-21731	158	42	to	to	ADP
eistud-21731	158	43	the	the	DET
eistud-21731	158	44	budget	budget	NOUN
eistud-21731	158	45	.	.	PUNCT
eistud-21731	159	1	in	in	ADP
eistud-21731	159	2	this	this	DET
eistud-21731	159	3	case	case	NOUN
eistud-21731	159	4	,	,	PUNCT
eistud-21731	159	5	we	we	PRON
eistud-21731	159	6	have	have	VERB
eistud-21731	159	7	a	a	DET
eistud-21731	159	8	zero	zero	NUM
eistud-21731	159	9	effect	effect	NOUN
eistud-21731	159	10	and	and	CCONJ
eistud-21731	159	11	the	the	DET
eistud-21731	159	12	government	government	NOUN
eistud-21731	159	13	should	should	AUX
eistud-21731	159	14	consider	consider	VERB
eistud-21731	159	15	what	what	PRON
eistud-21731	159	16	is	be	AUX
eistud-21731	159	17	more	more	ADV
eistud-21731	159	18	efficient	efficient	ADJ
eistud-21731	159	19	allow	allow	VERB
eistud-21731	159	20	discounts	discount	NOUN
eistud-21731	159	21	for	for	ADP
eistud-21731	159	22	taxes	taxis	NOUN
eistud-21731	159	23	in	in	ADP
eistud-21731	159	24	exchange	exchange	NOUN
eistud-21731	159	25	of	of	ADP
eistud-21731	159	26	investments	investment	NOUN
eistud-21731	159	27	from	from	ADP
eistud-21731	159	28	the	the	DET
eistud-21731	159	29	private	private	ADJ
eistud-21731	159	30	sector	sector	NOUN
eistud-21731	159	31	,	,	PUNCT
eistud-21731	159	32	or	or	CCONJ
eistud-21731	159	33	maintain	maintain	VERB
eistud-21731	159	34	tax	tax	NOUN
eistud-21731	159	35	collection	collection	NOUN
eistud-21731	159	36	level	level	NOUN
eistud-21731	159	37	and	and	CCONJ
eistud-21731	159	38	do	do	VERB
eistud-21731	159	39	it	it	PRON
eistud-21731	159	40	by	by	ADP
eistud-21731	159	41	public	public	ADJ
eistud-21731	159	42	investments	investment	NOUN
eistud-21731	159	43	.	.	PUNCT
eistud-21731	160	1	conclusions	conclusion	NOUN
eistud-21731	160	2	the	the	DET
eistud-21731	160	3	analysis	analysis	NOUN
eistud-21731	160	4	of	of	ADP
eistud-21731	160	5	merger	merger	NOUN
eistud-21731	160	6	and	and	CCONJ
eistud-21731	160	7	acquisition	acquisition	NOUN
eistud-21731	160	8	processes	process	NOUN
eistud-21731	160	9	theoretical	theoretical	ADJ
eistud-21731	160	10	side	side	NOUN
eistud-21731	160	11	has	have	AUX
eistud-21731	160	12	shown	show	VERB
eistud-21731	160	13	that	that	SCONJ
eistud-21731	160	14	this	this	DET
eistud-21731	160	15	process	process	NOUN
eistud-21731	160	16	creates	create	VERB
eistud-21731	160	17	a	a	DET
eistud-21731	160	18	great	great	ADJ
eistud-21731	160	19	value	value	NOUN
eistud-21731	160	20	from	from	ADP
eistud-21731	160	21	the	the	DET
eistud-21731	160	22	firm	firm	ADJ
eistud-21731	160	23	perspective	perspective	NOUN
eistud-21731	160	24	.	.	PUNCT
eistud-21731	161	1	however	however	ADV
eistud-21731	161	2	,	,	PUNCT
eistud-21731	161	3	in	in	ADP
eistud-21731	161	4	the	the	DET
eistud-21731	161	5	market	market	NOUN
eistud-21731	161	6	perspective	perspective	NOUN
eistud-21731	161	7	,	,	PUNCT
eistud-21731	161	8	this	this	DET
eistud-21731	161	9	process	process	NOUN
eistud-21731	161	10	is	be	AUX
eistud-21731	161	11	harmful	harmful	ADJ
eistud-21731	161	12	because	because	SCONJ
eistud-21731	161	13	it	it	PRON
eistud-21731	161	14	changes	change	VERB
eistud-21731	161	15	the	the	DET
eistud-21731	161	16	market	market	NOUN
eistud-21731	161	17	structure	structure	NOUN
eistud-21731	161	18	and	and	CCONJ
eistud-21731	161	19	competitor	competitor	NOUN
eistud-21731	161	20	’s	’s	PART
eistud-21731	161	21	position	position	NOUN
eistud-21731	161	22	,	,	PUNCT
eistud-21731	161	23	the	the	DET
eistud-21731	161	24	similar	similar	ADJ
eistud-21731	161	25	negative	negative	ADJ
eistud-21731	161	26	effect	effect	NOUN
eistud-21731	161	27	is	be	AUX
eistud-21731	161	28	delivered	deliver	VERB
eistud-21731	161	29	to	to	ADP
eistud-21731	161	30	the	the	DET
eistud-21731	161	31	customer	customer	NOUN
eistud-21731	161	32	.	.	PUNCT
eistud-21731	162	1	although	although	SCONJ
eistud-21731	162	2	,	,	PUNCT
eistud-21731	162	3	we	we	PRON
eistud-21731	162	4	have	have	VERB
eistud-21731	162	5	always	always	ADV
eistud-21731	162	6	to	to	PART
eistud-21731	162	7	look	look	VERB
eistud-21731	162	8	at	at	ADP
eistud-21731	162	9	the	the	DET
eistud-21731	162	10	cause	cause	NOUN
eistud-21731	162	11	of	of	ADP
eistud-21731	162	12	merger	merger	NOUN
eistud-21731	162	13	or	or	CCONJ
eistud-21731	162	14	acquisition	acquisition	NOUN
eistud-21731	162	15	because	because	SCONJ
eistud-21731	162	16	if	if	SCONJ
eistud-21731	162	17	the	the	DET
eistud-21731	162	18	process	process	NOUN
eistud-21731	162	19	is	be	AUX
eistud-21731	162	20	caused	cause	VERB
eistud-21731	162	21	by	by	ADP
eistud-21731	162	22	aiming	aim	VERB
eistud-21731	162	23	to	to	ADP
eistud-21731	162	24	efficiency	efficiency	NOUN
eistud-21731	162	25	,	,	PUNCT
eistud-21731	162	26	bigger	big	ADJ
eistud-21731	162	27	assortment	assortment	NOUN
eistud-21731	162	28	,	,	PUNCT
eistud-21731	162	29	technological	technological	ADJ
eistud-21731	162	30	innovations	innovation	NOUN
eistud-21731	162	31	,	,	PUNCT
eistud-21731	162	32	research	research	NOUN
eistud-21731	162	33	and	and	CCONJ
eistud-21731	162	34	development	development	NOUN
eistud-21731	162	35	,	,	PUNCT
eistud-21731	162	36	this	this	DET
eistud-21731	162	37	process	process	NOUN
eistud-21731	162	38	is	be	AUX
eistud-21731	162	39	less	less	ADV
eistud-21731	162	40	harmful	harmful	ADJ
eistud-21731	162	41	to	to	ADP
eistud-21731	162	42	the	the	DET
eistud-21731	162	43	customers	customer	NOUN
eistud-21731	162	44	and	and	CCONJ
eistud-21731	162	45	competitors	competitor	NOUN
eistud-21731	162	46	,	,	PUNCT
eistud-21731	162	47	and	and	CCONJ
eistud-21731	162	48	is	be	AUX
eistud-21731	162	49	positive	positive	ADJ
eistud-21731	162	50	to	to	ADP
eistud-21731	162	51	the	the	DET
eistud-21731	162	52	economy	economy	NOUN
eistud-21731	162	53	.	.	PUNCT
eistud-21731	163	1	the	the	DET
eistud-21731	163	2	government	government	NOUN
eistud-21731	163	3	basis	basis	NOUN
eistud-21731	163	4	is	be	AUX
eistud-21731	163	5	constructed	construct	VERB
eistud-21731	163	6	by	by	ADP
eistud-21731	163	7	the	the	DET
eistud-21731	163	8	loss	loss	NOUN
eistud-21731	163	9	of	of	ADP
eistud-21731	163	10	taxes	taxis	NOUN
eistud-21731	163	11	and	and	CCONJ
eistud-21731	163	12	the	the	DET
eistud-21731	163	13	gains	gain	NOUN
eistud-21731	163	14	from	from	ADP
eistud-21731	163	15	technology	technology	NOUN
eistud-21731	163	16	and	and	CCONJ
eistud-21731	163	17	investments	investment	NOUN
eistud-21731	163	18	.	.	PUNCT
eistud-21731	164	1	only	only	ADV
eistud-21731	164	2	a	a	DET
eistud-21731	164	3	case	case	NOUN
eistud-21731	164	4	study	study	NOUN
eistud-21731	164	5	analysis	analysis	NOUN
eistud-21731	164	6	could	could	AUX
eistud-21731	164	7	show	show	VERB
eistud-21731	164	8	the	the	DET
eistud-21731	164	9	real	real	ADJ
eistud-21731	164	10	effect	effect	NOUN
eistud-21731	164	11	of	of	ADP
eistud-21731	164	12	the	the	DET
eistud-21731	164	13	merger	merger	NOUN
eistud-21731	164	14	.	.	PUNCT
eistud-21731	165	1	therefore	therefore	ADV
eistud-21731	165	2	,	,	PUNCT
eistud-21731	165	3	a	a	DET
eistud-21731	165	4	unique	unique	ADJ
eistud-21731	165	5	analysis	analysis	NOUN
eistud-21731	165	6	tool	tool	NOUN
eistud-21731	165	7	is	be	AUX
eistud-21731	165	8	created	create	VERB
eistud-21731	165	9	which	which	PRON
eistud-21731	165	10	can	can	AUX
eistud-21731	165	11	be	be	AUX
eistud-21731	165	12	applied	apply	VERB
eistud-21731	165	13	as	as	ADP
eistud-21731	165	14	a	a	DET
eistud-21731	165	15	universal	universal	ADJ
eistud-21731	165	16	method	method	NOUN
eistud-21731	165	17	for	for	ADP
eistud-21731	165	18	valuation	valuation	NOUN
eistud-21731	165	19	of	of	ADP
eistud-21731	165	20	mergers	merger	NOUN
eistud-21731	165	21	and	and	CCONJ
eistud-21731	165	22	acquisitions	acquisition	NOUN
eistud-21731	165	23	cases	case	NOUN
eistud-21731	165	24	.	.	PUNCT
eistud-21731	166	1	practical	practical	ADJ
eistud-21731	166	2	research	research	NOUN
eistud-21731	166	3	model	model	NOUN
eistud-21731	166	4	application	application	NOUN
eistud-21731	166	5	to	to	ADP
eistud-21731	166	6	‘	'	PUNCT
eistud-21731	166	7	telia	telia	PROPN
eistud-21731	166	8	lietuva	lietuva	PROPN
eistud-21731	166	9	’	'	PUNCT
eistud-21731	166	10	case	case	NOUN
eistud-21731	166	11	has	have	AUX
eistud-21731	166	12	shown	show	VERB
eistud-21731	166	13	that	that	SCONJ
eistud-21731	166	14	a	a	DET
eistud-21731	166	15	firm	firm	NOUN
eistud-21731	166	16	receives	receive	VERB
eistud-21731	166	17	positive	positive	ADJ
eistud-21731	166	18	effect	effect	NOUN
eistud-21731	166	19	from	from	ADP
eistud-21731	166	20	the	the	DET
eistud-21731	166	21	synergy	synergy	NOUN
eistud-21731	166	22	of	of	ADP
eistud-21731	166	23	revenue	revenue	NOUN
eistud-21731	166	24	,	,	PUNCT
eistud-21731	166	25	the	the	DET
eistud-21731	166	26	market	market	NOUN
eistud-21731	166	27	was	be	AUX
eistud-21731	166	28	affected	affect	VERB
eistud-21731	166	29	negatively	negatively	ADV
eistud-21731	166	30	by	by	ADP
eistud-21731	166	31	the	the	DET
eistud-21731	166	32	concentration	concentration	NOUN
eistud-21731	166	33	change	change	NOUN
eistud-21731	166	34	,	,	PUNCT
eistud-21731	166	35	the	the	DET
eistud-21731	166	36	consumer	consumer	NOUN
eistud-21731	166	37	basis	basis	NOUN
eistud-21731	166	38	was	be	AUX
eistud-21731	166	39	incompletely	incompletely	ADV
eistud-21731	166	40	evaluated	evaluate	VERB
eistud-21731	166	41	due	due	ADP
eistud-21731	166	42	to	to	ADP
eistud-21731	166	43	data	data	NOUN
eistud-21731	166	44	availability	availability	NOUN
eistud-21731	166	45	(	(	PUNCT
eistud-21731	166	46	the	the	DET
eistud-21731	166	47	analysis	analysis	NOUN
eistud-21731	166	48	made	make	VERB
eistud-21731	166	49	with	with	ADP
eistud-21731	166	50	available	available	ADJ
eistud-21731	166	51	data	datum	NOUN
eistud-21731	166	52	has	have	AUX
eistud-21731	166	53	not	not	PART
eistud-21731	166	54	shown	show	VERB
eistud-21731	166	55	any	any	DET
eistud-21731	166	56	significant	significant	ADJ
eistud-21731	166	57	damage	damage	NOUN
eistud-21731	166	58	to	to	ADP
eistud-21731	166	59	the	the	DET
eistud-21731	166	60	customer	customer	NOUN
eistud-21731	166	61	)	)	PUNCT
eistud-21731	166	62	.	.	PUNCT
eistud-21731	167	1	the	the	DET
eistud-21731	167	2	state	state	NOUN
eistud-21731	167	3	basis	basis	NOUN
eistud-21731	167	4	received	receive	VERB
eistud-21731	167	5	a	a	DET
eistud-21731	167	6	zero	zero	NUM
eistud-21731	167	7	effect	effect	NOUN
eistud-21731	167	8	because	because	SCONJ
eistud-21731	167	9	as	as	SCONJ
eistud-21731	167	10	the	the	DET
eistud-21731	167	11	government	government	NOUN
eistud-21731	167	12	received	receive	VERB
eistud-21731	167	13	losses	loss	NOUN
eistud-21731	167	14	from	from	ADP
eistud-21731	167	15	fewer	few	ADJ
eistud-21731	167	16	taxes	taxis	NOUN
eistud-21731	167	17	,	,	PUNCT
eistud-21731	167	18	it	it	PRON
eistud-21731	167	19	also	also	ADV
eistud-21731	167	20	receives	receive	VERB
eistud-21731	167	21	positive	positive	ADJ
eistud-21731	167	22	effect	effect	NOUN
eistud-21731	167	23	from	from	ADP
eistud-21731	167	24	investment	investment	NOUN
eistud-21731	167	25	.	.	PUNCT
eistud-21731	168	1	the	the	DET
eistud-21731	168	2	practical	practical	ADJ
eistud-21731	168	3	application	application	NOUN
eistud-21731	168	4	of	of	ADP
eistud-21731	168	5	the	the	DET
eistud-21731	168	6	mergers	merger	NOUN
eistud-21731	168	7	and	and	CCONJ
eistud-21731	168	8	acquisition	acquisition	NOUN
eistud-21731	168	9	valuation	valuation	NOUN
eistud-21731	168	10	model	model	NOUN
eistud-21731	168	11	also	also	ADV
eistud-21731	168	12	has	have	AUX
eistud-21731	168	13	shown	show	VERB
eistud-21731	168	14	its	its	PRON
eistud-21731	168	15	vulnerability	vulnerability	NOUN
eistud-21731	168	16	to	to	ADP
eistud-21731	168	17	data	datum	NOUN
eistud-21731	168	18	availability	availability	NOUN
eistud-21731	168	19	.	.	PUNCT
eistud-21731	169	1	this	this	DET
eistud-21731	169	2	case	case	NOUN
eistud-21731	169	3	has	have	AUX
eistud-21731	169	4	also	also	ADV
eistud-21731	169	5	shown	show	VERB
eistud-21731	169	6	the	the	DET
eistud-21731	169	7	inconsistency	inconsistency	NOUN
eistud-21731	169	8	of	of	ADP
eistud-21731	169	9	lithuania	lithuania	PROPN
eistud-21731	169	10	competition	competition	NOUN
eistud-21731	169	11	policy	policy	NOUN
eistud-21731	169	12	,	,	PUNCT
eistud-21731	169	13	because	because	SCONJ
eistud-21731	169	14	firstly	firstly	ADV
eistud-21731	169	15	‘	'	PUNCT
eistud-21731	169	16	omnitel	omnitel	NOUN
eistud-21731	169	17	’	'	PUNCT
eistud-21731	169	18	was	be	AUX
eistud-21731	169	19	acquired	acquire	VERB
eistud-21731	169	20	only	only	ADV
eistud-21731	169	21	with	with	ADP
eistud-21731	169	22	a	a	DET
eistud-21731	169	23	condition	condition	NOUN
eistud-21731	169	24	that	that	SCONJ
eistud-21731	169	25	it	it	PRON
eistud-21731	169	26	would	would	AUX
eistud-21731	169	27	not	not	PART
eistud-21731	169	28	be	be	AUX
eistud-21731	169	29	merged	merge	VERB
eistud-21731	169	30	with	with	ADP
eistud-21731	169	31	‘	'	PUNCT
eistud-21731	169	32	teo	teo	NOUN
eistud-21731	169	33	’	'	PUNCT
eistud-21731	169	34	into	into	ADP
eistud-21731	169	35	one	one	NUM
eistud-21731	169	36	entity	entity	NOUN
eistud-21731	169	37	that	that	PRON
eistud-21731	169	38	after	after	ADP
eistud-21731	169	39	13	13	NUM
eistud-21731	169	40	years	year	NOUN
eistud-21731	169	41	anyway	anyway	ADV
eistud-21731	169	42	happened	happen	VERB
eistud-21731	169	43	.	.	PUNCT
eistud-21731	170	1	according	accord	VERB
eistud-21731	170	2	to	to	ADP
eistud-21731	170	3	the	the	DET
eistud-21731	170	4	guidelines	guideline	NOUN
eistud-21731	170	5	on	on	ADP
eistud-21731	170	6	the	the	DET
eistud-21731	170	7	assessment	assessment	NOUN
eistud-21731	170	8	of	of	ADP
eistud-21731	170	9	non	non	ADJ
eistud-21731	170	10	-	-	ADJ
eistud-21731	170	11	horizontal	horizontal	ADJ
eistud-21731	170	12	mergers	merger	NOUN
eistud-21731	170	13	under	under	ADP
eistud-21731	170	14	the	the	DET
eistud-21731	170	15	council	council	NOUN
eistud-21731	170	16	regulation	regulation	NOUN
eistud-21731	170	17	on	on	ADP
eistud-21731	170	18	the	the	DET
eistud-21731	170	19	control	control	NOUN
eistud-21731	170	20	of	of	ADP
eistud-21731	170	21	concentrations	concentration	NOUN
eistud-21731	170	22	between	between	ADP
eistud-21731	170	23	undertakings	undertaking	NOUN
eistud-21731	170	24	(	(	PUNCT
eistud-21731	170	25	official	official	ADJ
eistud-21731	170	26	journal	journal	NOUN
eistud-21731	170	27	of	of	ADP
eistud-21731	170	28	the	the	DET
eistud-21731	170	29	european	european	PROPN
eistud-21731	170	30	union	union	PROPN
eistud-21731	170	31	,	,	PUNCT
eistud-21731	170	32	2008	2008	NUM
eistud-21731	170	33	/	/	SYM
eistud-21731	170	34	c	c	NOUN
eistud-21731	170	35	265/07	265/07	NUM
eistud-21731	170	36	)	)	PUNCT
eistud-21731	170	37	a	a	DET
eistud-21731	170	38	case	case	NOUN
eistud-21731	170	39	of	of	ADP
eistud-21731	170	40	‘	'	PUNCT
eistud-21731	170	41	telia	telia	PROPN
eistud-21731	170	42	’	'	PUNCT
eistud-21731	170	43	merger	merger	NOUN
eistud-21731	170	44	was	be	AUX
eistud-21731	170	45	not	not	PART
eistud-21731	170	46	compliant	compliant	ADJ
eistud-21731	170	47	with	with	ADP
eistud-21731	170	48	these	these	DET
eistud-21731	170	49	guidelines	guideline	NOUN
eistud-21731	170	50	:	:	PUNCT
eistud-21731	170	51	_	_	PUNCT
eistud-21731	170	52	‘	'	PUNCT
eistud-21731	170	53	non	non	ADJ
eistud-21731	170	54	-	-	ADJ
eistud-21731	170	55	horizontal	horizontal	ADJ
eistud-21731	170	56	mergers	merger	NOUN
eistud-21731	170	57	pose	pose	VERB
eistud-21731	170	58	no	no	DET
eistud-21731	170	59	threats	threat	NOUN
eistud-21731	170	60	to	to	ADP
eistud-21731	170	61	effective	effective	ADJ
eistud-21731	170	62	competition	competition	NOUN
eistud-21731	170	63	unless	unless	SCONJ
eistud-21731	170	64	the	the	DET
eistud-21731	170	65	merged	merge	VERB
eistud-21731	170	66	entity	entity	NOUN
eistud-21731	170	67	has	have	VERB
eistud-21731	170	68	a	a	DET
eistud-21731	170	69	significant	significant	ADJ
eistud-21731	170	70	degree	degree	NOUN
eistud-21731	170	71	of	of	ADP
eistud-21731	170	72	market	market	NOUN
eistud-21731	170	73	power	power	NOUN
eistud-21731	170	74	’	'	PUNCT
eistud-21731	170	75	–	–	PUNCT
eistud-21731	170	76	before	before	SCONJ
eistud-21731	170	77	a	a	DET
eistud-21731	170	78	merger	merger	NOUN
eistud-21731	170	79	company	company	NOUN
eistud-21731	170	80	had	have	VERB
eistud-21731	170	81	dominant	dominant	ADJ
eistud-21731	170	82	positions	position	NOUN
eistud-21731	170	83	in	in	ADP
eistud-21731	170	84	the	the	DET
eistud-21731	170	85	6	6	NUM
eistud-21731	170	86	of	of	ADP
eistud-21731	170	87	8	8	NUM
eistud-21731	170	88	electronic	electronic	ADJ
eistud-21731	170	89	communication	communication	NOUN
eistud-21731	170	90	sectors	sector	NOUN
eistud-21731	170	91	of	of	ADP
eistud-21731	170	92	lithuania	lithuania	PROPN
eistud-21731	170	93	,	,	PUNCT
eistud-21731	170	94	including	include	VERB
eistud-21731	170	95	in	in	ADP
eistud-21731	170	96	the	the	DET
eistud-21731	170	97	internet	internet	NOUN
eistud-21731	170	98	service	service	NOUN
eistud-21731	170	99	providers	provider	NOUN
eistud-21731	170	100	market	market	NOUN
eistud-21731	170	101	where	where	SCONJ
eistud-21731	170	102	‘	'	PUNCT
eistud-21731	170	103	teo	teo	NOUN
eistud-21731	170	104	’	'	PUNCT
eistud-21731	170	105	and	and	CCONJ
eistud-21731	170	106	‘	'	PUNCT
eistud-21731	170	107	omnitel	omnitel	NOUN
eistud-21731	170	108	’	'	PUNCT
eistud-21731	170	109	were	be	AUX
eistud-21731	170	110	competitors	competitor	NOUN
eistud-21731	170	111	before	before	ADV
eistud-21731	170	112	;	;	PUNCT
eistud-21731	170	113	_	_	PRON
eistud-21731	170	114	‘	'	PUNCT
eistud-21731	170	115	the	the	DET
eistud-21731	170	116	commission	commission	NOUN
eistud-21731	170	117	is	be	AUX
eistud-21731	170	118	unlikely	unlikely	ADJ
eistud-21731	170	119	to	to	PART
eistud-21731	170	120	find	find	VERB
eistud-21731	170	121	concern	concern	NOUN
eistud-21731	170	122	in	in	ADP
eistud-21731	170	123	non	non	ADJ
eistud-21731	170	124	-	-	ADJ
eistud-21731	170	125	horizontal	horizontal	ADJ
eistud-21731	170	126	mergers	merger	NOUN
eistud-21731	170	127	,	,	PUNCT
eistud-21731	170	128	be	be	AUX
eistud-21731	170	129	it	it	PRON
eistud-21731	170	130	of	of	ADP
eistud-21731	170	131	a	a	DET
eistud-21731	170	132	coordinated	coordinated	ADJ
eistud-21731	170	133	or	or	CCONJ
eistud-21731	170	134	of	of	ADP
eistud-21731	170	135	a	a	DET
eistud-21731	170	136	non	non	ADJ
eistud-21731	170	137	-	-	ADJ
eistud-21731	170	138	coordinated	coordinated	ADJ
eistud-21731	170	139	nature	nature	NOUN
eistud-21731	170	140	,	,	PUNCT
eistud-21731	170	141	where	where	SCONJ
eistud-21731	170	142	the	the	DET
eistud-21731	170	143	market	market	NOUN
eistud-21731	170	144	share	share	VERB
eistud-21731	170	145	post	post	NOUN
eistud-21731	170	146	-	-	NOUN
eistud-21731	170	147	merger	merger	NOUN
eistud-21731	170	148	of	of	ADP
eistud-21731	170	149	the	the	DET
eistud-21731	170	150	new	new	ADJ
eistud-21731	170	151	entity	entity	NOUN
eistud-21731	170	152	in	in	ADP
eistud-21731	170	153	each	each	PRON
eistud-21731	170	154	of	of	ADP
eistud-21731	170	155	the	the	DET
eistud-21731	170	156	markets	market	NOUN
eistud-21731	170	157	concerned	concern	VERB
eistud-21731	170	158	is	be	AUX
eistud-21731	170	159	below	below	ADP
eistud-21731	170	160	30	30	NUM
eistud-21731	170	161	%	%	NOUN
eistud-21731	170	162	(	(	PUNCT
eistud-21731	170	163	3	3	NUM
eistud-21731	170	164	)	)	PUNCT
eistud-21731	170	165	and	and	CCONJ
eistud-21731	170	166	the	the	DET
eistud-21731	170	167	post	post	ADJ
eistud-21731	170	168	-	-	ADJ
eistud-21731	170	169	merger	merger	ADJ
eistud-21731	170	170	hhi	hhi	NOUN
eistud-21731	170	171	is	be	AUX
eistud-21731	170	172	below	below	ADP
eistud-21731	170	173	2	2	NUM
eistud-21731	170	174	000	000	NUM
eistud-21731	170	175	’	'	PUNCT
eistud-21731	170	176	–	–	PUNCT
eistud-21731	170	177	after	after	SCONJ
eistud-21731	170	178	a	a	DET
eistud-21731	170	179	merger	merger	NOUN
eistud-21731	170	180	hhi	hhi	NOUN
eistud-21731	170	181	rate	rate	NOUN
eistud-21731	170	182	was	be	AUX
eistud-21731	170	183	higher	high	ADJ
eistud-21731	170	184	than	than	ADP
eistud-21731	170	185	2	2	NUM
eistud-21731	170	186	000	000	NUM
eistud-21731	170	187	in	in	ADP
eistud-21731	170	188	the	the	DET
eistud-21731	170	189	internet	internet	NOUN
eistud-21731	170	190	service	service	NOUN
eistud-21731	170	191	providers	provider	NOUN
eistud-21731	170	192	market	market	NOUN
eistud-21731	170	193	.	.	PUNCT
eistud-21731	171	1	european	european	ADJ
eistud-21731	171	2	integrat	integrat	PROPN
eistud-21731	171	3	ion	ion	NOUN
eistud-21731	171	4	studies	study	NOUN
eistud-21731	171	5	2018/12	2018/12	NUM
eistud-21731	171	6	74	74	NUM
eistud-21731	171	7	keeping	keeping	NOUN
eistud-21731	171	8	in	in	ADP
eistud-21731	171	9	touch	touch	NOUN
eistud-21731	171	10	with	with	ADP
eistud-21731	171	11	the	the	DET
eistud-21731	171	12	european	european	PROPN
eistud-21731	171	13	union	union	PROPN
eistud-21731	171	14	corporate	corporate	ADJ
eistud-21731	171	15	governance	governance	NOUN
eistud-21731	171	16	of	of	ADP
eistud-21731	171	17	mergers	merger	NOUN
eistud-21731	171	18	as	as	ADP
eistud-21731	171	19	national	national	ADJ
eistud-21731	171	20	competition	competition	NOUN
eistud-21731	171	21	authority	authority	NOUN
eistud-21731	171	22	should	should	AUX
eistud-21731	171	23	have	have	AUX
eistud-21731	171	24	not	not	PART
eistud-21731	171	25	allowed	allow	VERB
eistud-21731	171	26	the	the	DET
eistud-21731	171	27	companies	company	NOUN
eistud-21731	171	28	to	to	PART
eistud-21731	171	29	be	be	AUX
eistud-21731	171	30	merged	merge	VERB
eistud-21731	171	31	into	into	ADP
eistud-21731	171	32	one	one	NUM
eistud-21731	171	33	entity	entity	NOUN
eistud-21731	171	34	.	.	PUNCT
eistud-21731	172	1	lithuania	lithuania	PROPN
eistud-21731	172	2	is	be	AUX
eistud-21731	172	3	a	a	DET
eistud-21731	172	4	member	member	NOUN
eistud-21731	172	5	of	of	ADP
eistud-21731	172	6	the	the	DET
eistud-21731	172	7	european	european	PROPN
eistud-21731	172	8	union	union	PROPN
eistud-21731	172	9	and	and	CCONJ
eistud-21731	172	10	also	also	ADV
eistud-21731	172	11	a	a	DET
eistud-21731	172	12	member	member	NOUN
eistud-21731	172	13	of	of	ADP
eistud-21731	172	14	the	the	DET
eistud-21731	172	15	common	common	ADJ
eistud-21731	172	16	goods	good	NOUN
eistud-21731	172	17	and	and	CCONJ
eistud-21731	172	18	service	service	NOUN
eistud-21731	172	19	market	market	NOUN
eistud-21731	172	20	,	,	PUNCT
eistud-21731	172	21	therefore	therefore	ADV
eistud-21731	172	22	it	it	PRON
eistud-21731	172	23	should	should	AUX
eistud-21731	172	24	follow	follow	VERB
eistud-21731	172	25	these	these	DET
eistud-21731	172	26	guidelines	guideline	NOUN
eistud-21731	172	27	and	and	CCONJ
eistud-21731	172	28	transpose	transpose	VERB
eistud-21731	172	29	them	they	PRON
eistud-21731	172	30	into	into	ADP
eistud-21731	172	31	national	national	ADJ
eistud-21731	172	32	law	law	NOUN
eistud-21731	172	33	in	in	ADP
eistud-21731	172	34	order	order	NOUN
eistud-21731	172	35	to	to	PART
eistud-21731	172	36	maintain	maintain	VERB
eistud-21731	172	37	homogenous	homogenous	ADJ
eistud-21731	172	38	corporate	corporate	ADJ
eistud-21731	172	39	governance	governance	NOUN
eistud-21731	172	40	policy	policy	NOUN
eistud-21731	172	41	.	.	PUNCT
eistud-21731	173	1	references	reference	NOUN
eistud-21731	173	2	ab	ab	PROPN
eistud-21731	173	3	‘	'	PUNCT
eistud-21731	173	4	omnitel	omnitel	NOUN
eistud-21731	173	5	’	'	PUNCT
eistud-21731	173	6	financial	financial	ADJ
eistud-21731	173	7	reports	report	NOUN
eistud-21731	173	8	(	(	PUNCT
eistud-21731	173	9	2011	2011	NUM
eistud-21731	173	10	;	;	PUNCT
eistud-21731	173	11	2013	2013	NUM
eistud-21731	173	12	;	;	PUNCT
eistud-21731	173	13	2015	2015	NUM
eistud-21731	173	14	)	)	PUNCT
eistud-21731	173	15	.	.	PUNCT
eistud-21731	174	1	source	source	NOUN
eistud-21731	174	2	:	:	PUNCT
eistud-21731	174	3	register	register	NOUN
eistud-21731	174	4	center	center	NOUN
eistud-21731	174	5	,	,	PUNCT
eistud-21731	174	6	vį	vį	PROPN
eistud-21731	174	7	kaunas	kaunas	PROPN
eistud-21731	174	8	department	department	PROPN
eistud-21731	174	9	.	.	PUNCT
eistud-21731	175	1	ab	ab	PROPN
eistud-21731	175	2	‘	'	PUNCT
eistud-21731	175	3	teo	teo	NOUN
eistud-21731	175	4	’	'	PUNCT
eistud-21731	175	5	and	and	CCONJ
eistud-21731	175	6	ab	ab	PROPN
eistud-21731	175	7	“	"	PUNCT
eistud-21731	175	8	telia	telia	PROPN
eistud-21731	175	9	lietuva	lietuva	PROPN
eistud-21731	175	10	(	(	PUNCT
eistud-21731	175	11	2010	2010	NUM
eistud-21731	175	12	-	-	SYM
eistud-21731	175	13	2017	2017	NUM
eistud-21731	175	14	)	)	PUNCT
eistud-21731	175	15	.	.	PUNCT
eistud-21731	176	1	financial	financial	ADJ
eistud-21731	176	2	reports	report	NOUN
eistud-21731	176	3	.	.	PUNCT
eistud-21731	177	1	retrieved	retrieve	VERB
eistud-21731	177	2	may	may	PROPN
eistud-21731	177	3	12	12	NUM
eistud-21731	177	4	,	,	PUNCT
eistud-21731	177	5	2017	2017	NUM
eistud-21731	177	6	,	,	PUNCT
eistud-21731	177	7	from	from	ADP
eistud-21731	177	8	http://www.nasdaqbaltic.com/market/?instrument=lt0000123911&list=2&currency=eur&pg=details&tab=reports	http://www.nasdaqbaltic.com/market/?instrument=lt0000123911&list=2&currency=eur&pg=details&tab=report	NOUN
eistud-21731	177	9	birkishaw	birkishaw	NOUN
eistud-21731	177	10	,	,	PUNCT
eistud-21731	177	11	j.	j.	PROPN
eistud-21731	177	12	bresman	bresman	PROPN
eistud-21731	177	13	,	,	PUNCT
eistud-21731	177	14	h.	h.	PROPN
eistud-21731	177	15	,	,	PUNCT
eistud-21731	177	16	hakason	hakason	PROPN
eistud-21731	177	17	,	,	PUNCT
eistud-21731	177	18	l.	l.	PROPN
eistud-21731	177	19	(	(	PUNCT
eistud-21731	177	20	2000	2000	NUM
eistud-21731	177	21	)	)	PUNCT
eistud-21731	177	22	.	.	PUNCT
eistud-21731	178	1	managing	manage	VERB
eistud-21731	178	2	the	the	DET
eistud-21731	178	3	post	post	ADJ
eistud-21731	178	4	-	-	ADJ
eistud-21731	178	5	acquisition	acquisition	ADJ
eistud-21731	178	6	integration	integration	NOUN
eistud-21731	178	7	process	process	NOUN
eistud-21731	178	8	:	:	PUNCT
eistud-21731	178	9	how	how	SCONJ
eistud-21731	178	10	the	the	DET
eistud-21731	178	11	human	human	ADJ
eistud-21731	178	12	integration	integration	NOUN
eistud-21731	178	13	and	and	CCONJ
eistud-21731	178	14	task	task	NOUN
eistud-21731	178	15	integration	integration	NOUN
eistud-21731	178	16	processes	process	NOUN
eistud-21731	178	17	interact	interact	VERB
eistud-21731	178	18	to	to	PART
eistud-21731	178	19	foster	foster	ADJ
eistud-21731	178	20	value	value	NOUN
eistud-21731	178	21	creation	creation	NOUN
eistud-21731	178	22	.	.	PUNCT
eistud-21731	179	1	journal	journal	NOUN
eistud-21731	179	2	of	of	ADP
eistud-21731	179	3	management	management	NOUN
eistud-21731	179	4	studies	study	NOUN
eistud-21731	179	5	,	,	PUNCT
eistud-21731	179	6	volume37	volume37	NOUN
eistud-21731	179	7	,	,	PUNCT
eistud-21731	179	8	issue3	issue3	PROPN
eistud-21731	179	9	,	,	PUNCT
eistud-21731	179	10	395	395	NUM
eistud-21731	179	11	-	-	SYM
eistud-21731	179	12	425	425	NUM
eistud-21731	179	13	.	.	PUNCT
eistud-21731	179	14	http://onlinelibrary.wiley.com/doi/10.1111/14676486.00186/epdf	http://onlinelibrary.wiley.com/doi/10.1111/14676486.00186/epdf	PROPN
eistud-21731	179	15	cartwright	cartwright	PROPN
eistud-21731	179	16	,	,	PUNCT
eistud-21731	179	17	s.	s.	PROPN
eistud-21731	179	18	,	,	PUNCT
eistud-21731	179	19	schoenberg	schoenberg	PROPN
eistud-21731	179	20	,	,	PUNCT
eistud-21731	179	21	r.	r.	PROPN
eistud-21731	179	22	(	(	PUNCT
eistud-21731	179	23	2006	2006	NUM
eistud-21731	179	24	)	)	PUNCT
eistud-21731	179	25	.	.	PUNCT
eistud-21731	180	1	30	30	NUM
eistud-21731	180	2	years	year	NOUN
eistud-21731	180	3	of	of	ADP
eistud-21731	180	4	mergers	merger	NOUN
eistud-21731	180	5	and	and	CCONJ
eistud-21731	180	6	acquisitions	acquisition	NOUN
eistud-21731	180	7	research	research	NOUN
eistud-21731	180	8	:	:	PUNCT
eistud-21731	180	9	recent	recent	ADJ
eistud-21731	180	10	advances	advance	NOUN
eistud-21731	180	11	and	and	CCONJ
eistud-21731	180	12	future	future	ADJ
eistud-21731	180	13	opportunities	opportunity	NOUN
eistud-21731	180	14	.	.	PUNCT
eistud-21731	181	1	british	british	ADJ
eistud-21731	181	2	journal	journal	PROPN
eistud-21731	181	3	of	of	ADP
eistud-21731	181	4	management	management	NOUN
eistud-21731	181	5	,	,	PUNCT
eistud-21731	181	6	volume	volume	NOUN
eistud-21731	181	7	17	17	NUM
eistud-21731	181	8	issue	issue	NOUN
eistud-21731	181	9	s1	s1	NOUN
eistud-21731	181	10	,	,	PUNCT
eistud-21731	181	11	s1	s1	NOUN
eistud-21731	181	12	-	-	PUNCT
eistud-21731	181	13	s5	s5	NOUN
eistud-21731	181	14	.	.	PUNCT
eistud-21731	182	1	retrieved	retrieve	VERB
eistud-21731	182	2	from	from	ADP
eistud-21731	182	3	https://dspace.lib.cranfield.ac.uk/bitstream/	https://dspace.lib.cranfield.ac.uk/bitstream/	PROPN
eistud-21731	182	4	handle/1826/3570	handle/1826/3570	NOUN
eistud-21731	182	5	/	/	SYM
eistud-21731	182	6	thirty_years_of_mergers	thirty_years_of_mergers	NUM
eistud-21731	182	7	_	_	DET
eistud-21731	182	8	and_acquisitions_research2006.pdf?sequence=1	and_acquisitions_research2006.pdf?sequence=1	NOUN
eistud-21731	182	9	https://doi.org/10.1111/j.1467-8551.2006.00475.x	https://doi.org/10.1111/j.1467-8551.2006.00475.x	NOUN
eistud-21731	182	10	cerasi	cerasi	NOUN
eistud-21731	182	11	,	,	PUNCT
eistud-21731	182	12	v.	v.	ADP
eistud-21731	182	13	chizzolini	chizzolini	PROPN
eistud-21731	182	14	,	,	PUNCT
eistud-21731	182	15	b.	b.	PROPN
eistud-21731	182	16	ivaldi	ivaldi	PROPN
eistud-21731	182	17	,	,	PUNCT
eistud-21731	182	18	m.	m.	NOUN
eistud-21731	182	19	(	(	PUNCT
eistud-21731	182	20	2009	2009	NUM
eistud-21731	182	21	)	)	PUNCT
eistud-21731	182	22	.	.	PUNCT
eistud-21731	183	1	the	the	DET
eistud-21731	183	2	impact	impact	NOUN
eistud-21731	183	3	of	of	ADP
eistud-21731	183	4	mergers	merger	NOUN
eistud-21731	183	5	on	on	ADP
eistud-21731	183	6	the	the	DET
eistud-21731	183	7	degree	degree	NOUN
eistud-21731	183	8	of	of	ADP
eistud-21731	183	9	competition	competition	NOUN
eistud-21731	183	10	in	in	ADP
eistud-21731	183	11	the	the	DET
eistud-21731	183	12	banking	banking	NOUN
eistud-21731	183	13	industry	industry	NOUN
eistud-21731	183	14	.	.	PUNCT
eistud-21731	184	1	presentations	presentation	NOUN
eistud-21731	184	2	from	from	ADP
eistud-21731	184	3	the	the	DET
eistud-21731	184	4	16th	16th	ADJ
eistud-21731	184	5	ccrp	ccrp	ADJ
eistud-21731	184	6	workshop	workshop	NOUN
eistud-21731	184	7	.	.	PUNCT
eistud-21731	185	1	retrieved	retrieve	VERB
eistud-21731	185	2	from	from	ADP
eistud-21731	185	3	https://www.city	https://www.city	PROPN
eistud-21731	185	4	.	.	PUNCT
eistud-21731	186	1	ac.uk/__data/assets/pdf_file/0005/194792/vittoria-cerasi-impact-of-mergers.pdf	ac.uk/__data/assets/pdf_file/0005/194792/vittoria-cerasi-impact-of-mergers.pdf	PUNCT
eistud-21731	186	2	chen	chen	PROPN
eistud-21731	186	3	,	,	PUNCT
eistud-21731	186	4	c.-y	c.-y	NOUN
eistud-21731	186	5	.	.	PUNCT
eistud-21731	187	1	lee	lee	PROPN
eistud-21731	187	2	,	,	PUNCT
eistud-21731	187	3	w.	w.	PROPN
eistud-21731	187	4	i.	i.	PROPN
eistud-21731	187	5	kuo	kuo	PROPN
eistud-21731	187	6	,	,	PUNCT
eistud-21731	187	7	h.-m	h.-m	NOUN
eistud-21731	187	8	.	.	PUNCT
eistud-21731	188	1	chen	chen	PROPN
eistud-21731	188	2	,	,	PUNCT
eistud-21731	188	3	c.-w	c.-w	PROPN
eistud-21731	188	4	.	.	PUNCT
eistud-21731	189	1	chen	chen	PROPN
eistud-21731	189	2	,	,	PUNCT
eistud-21731	189	3	k.-h	k.-h	NOUN
eistud-21731	189	4	(	(	PUNCT
eistud-21731	189	5	2010	2010	NUM
eistud-21731	189	6	)	)	PUNCT
eistud-21731	189	7	.	.	PUNCT
eistud-21731	190	1	the	the	DET
eistud-21731	190	2	study	study	NOUN
eistud-21731	190	3	of	of	ADP
eistud-21731	190	4	a	a	DET
eistud-21731	190	5	forecasting	forecasting	NOUN
eistud-21731	190	6	sales	sale	NOUN
eistud-21731	190	7	model	model	NOUN
eistud-21731	190	8	for	for	ADP
eistud-21731	190	9	fresh	fresh	ADJ
eistud-21731	190	10	food	food	NOUN
eistud-21731	190	11	.	.	PUNCT
eistud-21731	191	1	expert	expert	NOUN
eistud-21731	191	2	systems	system	NOUN
eistud-21731	191	3	with	with	ADP
eistud-21731	191	4	applications	application	NOUN
eistud-21731	191	5	volume	volume	NOUN
eistud-21731	191	6	37	37	NUM
eistud-21731	191	7	,	,	PUNCT
eistud-21731	191	8	issue	issue	NOUN
eistud-21731	191	9	12	12	NUM
eistud-21731	191	10	,	,	PUNCT
eistud-21731	191	11	,	,	PUNCT
eistud-21731	191	12	7696	7696	NUM
eistud-21731	191	13	-	-	SYM
eistud-21731	191	14	7702	7702	NUM
eistud-21731	191	15	retrieved	retrieve	VERB
eistud-21731	191	16	from	from	ADP
eistud-21731	191	17	https://www.sciencedirect.com/science/article/	https://www.sciencedirect.com/science/article/	PROPN
eistud-21731	191	18	pii	pii	NOUN
eistud-21731	191	19	/s0957417410003726	/s0957417410003726	ADJ
eistud-21731	191	20	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
eistud-21731	191	21	.	.	PUNCT
eistud-21731	192	1	eswa.2010.04.072	eswa.2010.04.072	NOUN
eistud-21731	192	2	čiegis	čiegis	PROPN
eistud-21731	192	3	,	,	PUNCT
eistud-21731	192	4	r.	r.	PROPN
eistud-21731	192	5	and	and	CCONJ
eistud-21731	192	6	adriuškevičius	adriuškevičius	PROPN
eistud-21731	192	7	,	,	PUNCT
eistud-21731	192	8	k.	k.	PROPN
eistud-21731	192	9	(	(	PUNCT
eistud-21731	192	10	2016	2016	NUM
eistud-21731	192	11	)	)	PUNCT
eistud-21731	192	12	.	.	PUNCT
eistud-21731	193	1	interrelationship	interrelationship	NOUN
eistud-21731	193	2	between	between	ADP
eistud-21731	193	3	m&a	m&a	PROPN
eistud-21731	193	4	and	and	CCONJ
eistud-21731	193	5	development	development	NOUN
eistud-21731	193	6	of	of	ADP
eistud-21731	193	7	national	national	ADJ
eistud-21731	193	8	economies	economy	NOUN
eistud-21731	193	9	.	.	PUNCT
eistud-21731	194	1	applied	apply	VERB
eistud-21731	194	2	economics	economic	NOUN
eistud-21731	194	3	:	:	PUNCT
eistud-21731	194	4	systematic	systematic	ADJ
eistud-21731	194	5	research	research	NOUN
eistud-21731	194	6	.	.	PUNCT
eistud-21731	195	1	vol	vol	NOUN
eistud-21731	195	2	.	.	PUNCT
eistud-21731	196	1	10	10	NUM
eistud-21731	196	2	issue	issue	NOUN
eistud-21731	196	3	1	1	NUM
eistud-21731	196	4	,	,	PUNCT
eistud-21731	196	5	85	85	NUM
eistud-21731	196	6	-	-	SYM
eistud-21731	196	7	106	106	NUM
eistud-21731	196	8	.	.	PUNCT
eistud-21731	197	1	retrieved	retrieve	VERB
eistud-21731	197	2	from	from	ADP
eistud-21731	197	3	http://web.b.ebscohost.com/ehost/pdfviewer/	http://web.b.ebscohost.com/ehost/pdfviewer/	PROPN
eistud-21731	197	4	pdfviewer?vid=0&sid=2b4d7b38	pdfviewer?vid=0&sid=2b4d7b38	PROPN
eistud-21731	197	5	-	-	PUNCT
eistud-21731	197	6	fd9c-41ba-8c2aa	fd9c-41ba-8c2aa	PROPN
eistud-21731	197	7	4bb0b3a6932%40sessionmgr103	4bb0b3a6932%40sessionmgr103	PROPN
eistud-21731	197	8	competition	competition	NOUN
eistud-21731	197	9	council	council	NOUN
eistud-21731	197	10	of	of	ADP
eistud-21731	197	11	lithuania	lithuania	PROPN
eistud-21731	197	12	republic	republic	PROPN
eistud-21731	197	13	(	(	PUNCT
eistud-21731	197	14	2015	2015	NUM
eistud-21731	197	15	)	)	PUNCT
eistud-21731	197	16	.	.	PUNCT
eistud-21731	198	1	decree	decree	NOUN
eistud-21731	198	2	no	no	INTJ
eistud-21731	198	3	.	.	PUNCT
eistud-21731	198	4	:	:	PUNCT
eistud-21731	199	1	1s-122/2015	1s-122/2015	X
eistud-21731	199	2	.	.	PUNCT
eistud-21731	199	3	retrieved	retrieve	VERB
eistud-21731	199	4	11	11	NUM
eistud-21731	199	5	may	may	PROPN
eistud-21731	199	6	2018	2018	NUM
eistud-21731	199	7	,	,	PUNCT
eistud-21731	199	8	from	from	ADP
eistud-21731	199	9	https://www.kt.gov.lt/lt/dokumentai/delatsisakymo-pradeti-tyrima-del-lietuvos-respublikos-konkurencijos-tarybos-2003-m-gruodzio11-d-nutarimo-nr-1s-140-del-leidimo-em-teliasonera-ab-em-vykdyti-koncentracija-per-dukterine-imone-em-amber-mobile-teleholding-abem-isigyjant-iki-90-proc-uab-omn	https://www.kt.gov.lt/lt/dokumentai/delatsisakymo-pradeti-tyrima-del-lietuvos-respublikos-konkurencijos-tarybos-2003-m-gruodzio11-d-nutarimo-nr-1s-140-del-leidimo-em-teliasonera-ab-em-vykdyti-koncentracija-per-dukterine-imone-em-amber-mobile-teleholding-abem-isigyjant-iki-90-proc-uab-omn	ADJ
eistud-21731	199	10	devos	devos	NOUN
eistud-21731	199	11	,	,	PUNCT
eistud-21731	199	12	e.	e.	PROPN
eistud-21731	199	13	kadapakkam	kadapakkam	PROPN
eistud-21731	199	14	,	,	PUNCT
eistud-21731	199	15	p.	p.	PROPN
eistud-21731	199	16	krishshmanmurthy	krishshmanmurthy	ADJ
eistud-21731	199	17	,	,	PUNCT
eistud-21731	199	18	s.	s.	PROPN
eistud-21731	199	19	(	(	PUNCT
eistud-21731	199	20	2009	2009	NUM
eistud-21731	199	21	)	)	PUNCT
eistud-21731	199	22	.	.	PUNCT
eistud-21731	200	1	how	how	SCONJ
eistud-21731	200	2	do	do	AUX
eistud-21731	200	3	mergers	merger	NOUN
eistud-21731	200	4	create	create	VERB
eistud-21731	200	5	value	value	NOUN
eistud-21731	200	6	?	?	PUNCT
eistud-21731	201	1	a	a	DET
eistud-21731	201	2	comparison	comparison	NOUN
eistud-21731	201	3	of	of	ADP
eistud-21731	201	4	taxes	taxis	NOUN
eistud-21731	201	5	,	,	PUNCT
eistud-21731	201	6	market	market	NOUN
eistud-21731	201	7	power	power	NOUN
eistud-21731	201	8	,	,	PUNCT
eistud-21731	201	9	and	and	CCONJ
eistud-21731	201	10	efficiency	efficiency	NOUN
eistud-21731	201	11	improvements	improvement	NOUN
eistud-21731	201	12	as	as	ADP
eistud-21731	201	13	explanations	explanation	NOUN
eistud-21731	201	14	for	for	ADP
eistud-21731	201	15	synergies	synergy	NOUN
eistud-21731	201	16	.	.	PUNCT
eistud-21731	202	1	oxford	oxford	PROPN
eistud-21731	202	2	journals	journal	NOUN
eistud-21731	202	3	,	,	PUNCT
eistud-21731	202	4	the	the	DET
eistud-21731	202	5	review	review	NOUN
eistud-21731	202	6	of	of	ADP
eistud-21731	202	7	financial	financial	ADJ
eistud-21731	202	8	studies	study	NOUN
eistud-21731	202	9	,	,	PUNCT
eistud-21731	202	10	vol	vol	NOUN
eistud-21731	202	11	.	.	PROPN
eistud-21731	202	12	22	22	NUM
eistud-21731	202	13	,	,	PUNCT
eistud-21731	202	14	no	no	INTJ
eistud-21731	202	15	.	.	NOUN
eistud-21731	202	16	3	3	NUM
eistud-21731	202	17	,	,	PUNCT
eistud-21731	202	18	1179	1179	NUM
eistud-21731	202	19	-	-	SYM
eistud-21731	202	20	1211	1211	NUM
eistud-21731	202	21	.	.	PUNCT
eistud-21731	202	22	retrieved	retrieve	VERB
eistud-21731	202	23	from	from	ADP
eistud-21731	202	24	http://www	http://www	PROPN
eistud-21731	202	25	.	.	PUNCT
eistud-21731	203	1	jstor.org/stable/pdf/30225689.pdf	jstor.org/stable/pdf/30225689.pdf	PROPN
eistud-21731	204	1	https://doi	https://doi	PROPN
eistud-21731	204	2	.	.	PUNCT
eistud-21731	205	1	org/10.1093	org/10.1093	PROPN
eistud-21731	205	2	/	/	SYM
eistud-21731	205	3	rfs	rfs	PROPN
eistud-21731	205	4	/	/	SYM
eistud-21731	205	5	hhn019	hhn019	PROPN
eistud-21731	205	6	european	european	PROPN
eistud-21731	205	7	commission	commission	PROPN
eistud-21731	205	8	(	(	PUNCT
eistud-21731	205	9	2018	2018	NUM
eistud-21731	205	10	)	)	PUNCT
eistud-21731	205	11	.	.	PUNCT
eistud-21731	206	1	merger	merger	NOUN
eistud-21731	206	2	control	control	NOUN
eistud-21731	206	3	in	in	ADP
eistud-21731	206	4	the	the	DET
eistud-21731	206	5	eu	eu	PROPN
eistud-21731	206	6	.	.	PROPN
eistud-21731	206	7	retrieved	retrieve	VERB
eistud-21731	206	8	may	may	PROPN
eistud-21731	206	9	12	12	NUM
eistud-21731	206	10	,	,	PUNCT
eistud-21731	206	11	2018	2018	NUM
eistud-21731	206	12	,	,	PUNCT
eistud-21731	206	13	from	from	ADP
eistud-21731	206	14	http://ec.europa.eu/competition/consumers/merger_control_lt.html	http://ec.europa.eu/competition/consumers/merger_control_lt.html	NUM
eistud-21731	206	15	european	european	PROPN
eistud-21731	206	16	commission	commission	PROPN
eistud-21731	206	17	(	(	PUNCT
eistud-21731	206	18	2018	2018	NUM
eistud-21731	206	19	)	)	PUNCT
eistud-21731	206	20	.	.	PUNCT
eistud-21731	207	1	regulation	regulation	NOUN
eistud-21731	207	2	if	if	SCONJ
eistud-21731	207	3	competition	competition	NOUN
eistud-21731	207	4	retrieved	retrieve	VERB
eistud-21731	207	5	may	may	AUX
eistud-21731	207	6	12	12	NUM
eistud-21731	207	7	,	,	PUNCT
eistud-21731	207	8	2018	2018	NUM
eistud-21731	207	9	,	,	PUNCT
eistud-21731	207	10	from	from	ADP
eistud-21731	207	11	http://ec.europa.eu/competition/mergers/overview_en.html	http://ec.europa.eu/competition/mergers/overview_en.html	PROPN
eistud-21731	207	12	farrell	farrell	PROPN
eistud-21731	207	13	,	,	PUNCT
eistud-21731	207	14	j.	j.	PROPN
eistud-21731	207	15	,	,	PUNCT
eistud-21731	207	16	shapiro	shapiro	PROPN
eistud-21731	207	17	,	,	PUNCT
eistud-21731	207	18	c.	c.	PROPN
eistud-21731	207	19	(	(	PUNCT
eistud-21731	207	20	2010	2010	NUM
eistud-21731	207	21	)	)	PUNCT
eistud-21731	207	22	.	.	PUNCT
eistud-21731	208	1	antitrust	antitrust	ADJ
eistud-21731	208	2	evaluation	evaluation	NOUN
eistud-21731	208	3	of	of	ADP
eistud-21731	208	4	horizontal	horizontal	ADJ
eistud-21731	208	5	mergers	merger	NOUN
eistud-21731	208	6	:	:	PUNCT
eistud-21731	208	7	an	an	DET
eistud-21731	208	8	economic	economic	ADJ
eistud-21731	208	9	alternative	alternative	NOUN
eistud-21731	208	10	to	to	ADP
eistud-21731	208	11	market	market	NOUN
eistud-21731	208	12	definition	definition	NOUN
eistud-21731	208	13	.	.	PUNCT
eistud-21731	209	1	the	the	DET
eistud-21731	209	2	b.e	b.e	PROPN
eistud-21731	209	3	.	.	PROPN
eistud-21731	209	4	journal	journal	PROPN
eistud-21731	209	5	of	of	ADP
eistud-21731	209	6	theoretical	theoretical	ADJ
eistud-21731	209	7	economics	economic	NOUN
eistud-21731	209	8	policies	policy	NOUN
eistud-21731	209	9	and	and	CCONJ
eistud-21731	209	10	perspectives	perspective	NOUN
eistud-21731	209	11	,	,	PUNCT
eistud-21731	209	12	volume	volume	NOUN
eistud-21731	209	13	10	10	NUM
eistud-21731	209	14	,	,	PUNCT
eistud-21731	209	15	issue	issue	NOUN
eistud-21731	209	16	1	1	NUM
eistud-21731	209	17	,	,	PUNCT
eistud-21731	209	18	2010	2010	NUM
eistud-21731	209	19	article	article	NOUN
eistud-21731	209	20	9	9	NUM
eistud-21731	209	21	.	.	PUNCT
eistud-21731	209	22	retrieved	retrieve	VERB
eistud-21731	209	23	from	from	ADP
eistud-21731	209	24	http://faculty.haas.berkeley.edu/shapiro/alternative.pdf	http://faculty.haas.berkeley.edu/shapiro/alternative.pdf	PROPN
eistud-21731	209	25	ginevičius	ginevičius	NOUN
eistud-21731	209	26	,	,	PUNCT
eistud-21731	209	27	r.	r.	PROPN
eistud-21731	209	28	kvirka	kvirka	PROPN
eistud-21731	209	29	,	,	PUNCT
eistud-21731	209	30	a.	a.	NOUN
eistud-21731	209	31	(	(	PUNCT
eistud-21731	209	32	2009	2009	NUM
eistud-21731	209	33	)	)	PUNCT
eistud-21731	209	34	.	.	PUNCT
eistud-21731	210	1	konkurencinės	konkurencinės	PROPN
eistud-21731	210	2	aplinkos	aplinkos	PROPN
eistud-21731	210	3	oligopolinėje	oligopolinėje	PROPN
eistud-21731	210	4	rinkoje	rinkoje	NOUN
eistud-21731	210	5	daugiakriterinis	daugiakriterinis	NOUN
eistud-21731	210	6	vertinimas	vertinima	NOUN
eistud-21731	210	7	.	.	PUNCT
eistud-21731	211	1	verslas	versla	NOUN
eistud-21731	211	2	:	:	PUNCT
eistud-21731	211	3	teorija	teorija	VERB
eistud-21731	211	4	ir	ir	PROPN
eistud-21731	211	5	praktika	praktika	NOUN
eistud-21731	211	6	,	,	PUNCT
eistud-21731	211	7	business	business	NOUN
eistud-21731	211	8	:	:	PUNCT
eistud-21731	211	9	theory	theory	NOUN
eistud-21731	211	10	and	and	CCONJ
eistud-21731	211	11	practice	practice	NOUN
eistud-21731	211	12	,	,	PUNCT
eistud-21731	211	13	10(4	10(4	NUM
eistud-21731	211	14	):	):	PUNCT
eistud-21731	211	15	247–258	247–258	NUM
eistud-21731	211	16	.	.	PUNCT
eistud-21731	212	1	retrieved	retrieve	VERB
eistud-21731	212	2	from	from	ADP
eistud-21731	212	3	http://	http://	PROPN
eistud-21731	212	4	web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=0&sid=056cee40-0d8e-4e4d-85e0-8676d42bb5f4%40sessionmgr101	web.b.ebscohost.com/ehost/pdfviewer/pdfviewer?vid=0&sid=056cee40-0d8e-4e4d-85e0-8676d42bb5f4%40sessionmgr101	AUX
eistud-21731	212	5	https://doi.org/10.3846/16480627.2009.10.247-258	https://doi.org/10.3846/16480627.2009.10.247-258	PROPN
eistud-21731	212	6	gudaitis	gudaitis	PROPN
eistud-21731	212	7	,	,	PUNCT
eistud-21731	212	8	t.	t.	NOUN
eistud-21731	212	9	žagūnytė	žagūnytė	NOUN
eistud-21731	212	10	,	,	PUNCT
eistud-21731	212	11	u.	u.	PROPN
eistud-21731	212	12	,	,	PUNCT
eistud-21731	212	13	(	(	PUNCT
eistud-21731	212	14	2013	2013	NUM
eistud-21731	212	15	)	)	PUNCT
eistud-21731	212	16	.	.	PUNCT
eistud-21731	213	1	įmonių	įmonių	NOUN
eistud-21731	213	2	pelningumo	pelningumo	PROPN
eistud-21731	213	3	vertinimo	vertinimo	PROPN
eistud-21731	213	4	sistemos	sistemos	PROPN
eistud-21731	213	5	teoriniai	teoriniai	PROPN
eistud-21731	213	6	aspektai	aspektai	PROPN
eistud-21731	213	7	.	.	PUNCT
eistud-21731	214	1	issn	issn	PROPN
eistud-21731	214	2	2424	2424	NUM
eistud-21731	214	3	-	-	PUNCT
eistud-21731	214	4	399x	399x	PROPN
eistud-21731	214	5	,	,	PUNCT
eistud-21731	214	6	2013	2013	NUM
eistud-21731	214	7	journal	journal	NOUN
eistud-21731	214	8	of	of	ADP
eistud-21731	214	9	management	management	NOUN
eistud-21731	214	10	,	,	PUNCT
eistud-21731	214	11	no	no	INTJ
eistud-21731	214	12	.	.	PUNCT
eistud-21731	215	1	2(23	2(23	NOUN
eistud-21731	215	2	)	)	PUNCT
eistud-21731	215	3	,	,	PUNCT
eistud-21731	215	4	89	89	NUM
eistud-21731	215	5	.	.	PUNCT
eistud-21731	215	6	retrieved	retrieve	VERB
eistud-21731	215	7	from	from	ADP
eistud-21731	215	8	https://www.ltvk.lt/file/	https://www.ltvk.lt/file/	PROPN
eistud-21731	215	9	zurnalai	zurnalai	PROPN
eistud-21731	215	10	/	/	SYM
eistud-21731	215	11	vadyba_2013_23.pdf#page=89	vadyba_2013_23.pdf#page=89	PROPN
eistud-21731	215	12	gugler	gugler	NOUN
eistud-21731	215	13	,	,	PUNCT
eistud-21731	215	14	k.	k.	PROPN
eistud-21731	215	15	meuller	meuller	PROPN
eistud-21731	215	16	,	,	PUNCT
eistud-21731	215	17	d.c	d.c	PROPN
eistud-21731	215	18	.	.	PUNCT
eistud-21731	216	1	(	(	PUNCT
eistud-21731	216	2	2001).the	2001).the	DET
eistud-21731	216	3	effects	effect	NOUN
eistud-21731	216	4	of	of	ADP
eistud-21731	216	5	mergers	merger	NOUN
eistud-21731	216	6	:	:	PUNCT
eistud-21731	216	7	an	an	DET
eistud-21731	216	8	international	international	ADJ
eistud-21731	216	9	comparison	comparison	NOUN
eistud-21731	216	10	.	.	PUNCT
eistud-21731	217	1	discussion	discussion	NOUN
eistud-21731	217	2	papers	paper	NOUN
eistud-21731	217	3	//	//	SYM
eistud-21731	217	4	wzb	wzb	PROPN
eistud-21731	217	5	,	,	PUNCT
eistud-21731	217	6	wissenschaftszentrum	wissenschaftszentrum	PROPN
eistud-21731	217	7	berlin	berlin	PROPN
eistud-21731	217	8	für	für	PROPN
eistud-21731	217	9	so75	so75	PROPN
eistud-21731	217	10	european	european	ADJ
eistud-21731	217	11	integrat	integrat	NOUN
eistud-21731	217	12	ion	ion	NOUN
eistud-21731	217	13	studies	study	NOUN
eistud-21731	217	14	2018/12	2018/12	PROPN
eistud-21731	217	15	zialforschung	zialforschung	PROPN
eistud-21731	217	16	,	,	PUNCT
eistud-21731	217	17	forschungsschwerpunkt	forschungsschwerpunkt	NOUN
eistud-21731	217	18	markt	markt	PROPN
eistud-21731	217	19	und	und	NOUN
eistud-21731	217	20	politische	politische	PROPN
eistud-21731	217	21	ökonomie	ökonomie	NOUN
eistud-21731	217	22	,	,	PUNCT
eistud-21731	217	23	no	no	INTJ
eistud-21731	217	24	.	.	PUNCT
eistud-21731	218	1	fs	fs	INTJ
eistud-21731	218	2	iv	iv	NUM
eistud-21731	218	3	01	01	NUM
eistud-21731	218	4	-	-	SYM
eistud-21731	218	5	21	21	NUM
eistud-21731	218	6	.	.	PUNCT
eistud-21731	219	1	retrieved	retrieve	VERB
eistud-21731	219	2	from	from	ADP
eistud-21731	219	3	http://www.jostbraukmann.com/wp-content/uploads/2012/11/internationalervergleich	http://www.jostbraukmann.com/wp-content/uploads/2012/11/internationalervergleich	PUNCT
eistud-21731	219	4	mergers.pdf	mergers.pdf	PROPN
eistud-21731	219	5	hoover	hoover	NOUN
eistud-21731	219	6	,	,	PUNCT
eistud-21731	219	7	a.	a.	PROPN
eistud-21731	219	8	s.	s.	PROPN
eistud-21731	219	9	(	(	PUNCT
eistud-21731	219	10	2006	2006	NUM
eistud-21731	219	11	)	)	PUNCT
eistud-21731	219	12	.	.	PUNCT
eistud-21731	220	1	stock	stock	NOUN
eistud-21731	220	2	valuation	valuation	PROPN
eistud-21731	220	3	:	:	PUNCT
eistud-21731	220	4	an	an	DET
eistud-21731	220	5	essential	essential	ADJ
eistud-21731	220	6	guide	guide	NOUN
eistud-21731	220	7	to	to	ADP
eistud-21731	220	8	wall	wall	PROPN
eistud-21731	220	9	street	street	PROPN
eistud-21731	220	10	’s	’s	PART
eistud-21731	220	11	most	most	ADV
eistud-21731	220	12	popular	popular	ADJ
eistud-21731	220	13	valuation	valuation	NOUN
eistud-21731	220	14	models	model	NOUN
eistud-21731	220	15	.	.	PUNCT
eistud-21731	221	1	new	new	PROPN
eistud-21731	221	2	york	york	PROPN
eistud-21731	221	3	&	&	CCONJ
eistud-21731	221	4	other	other	ADJ
eistud-21731	221	5	:	:	PUNCT
eistud-21731	221	6	mcgraw	mcgraw	PROPN
eistud-21731	221	7	-	-	PUNCT
eistud-21731	221	8	hill	hill	NOUN
eistud-21731	221	9	library	library	NOUN
eistud-21731	221	10	of	of	ADP
eistud-21731	221	11	investment	investment	NOUN
eistud-21731	221	12	and	and	CCONJ
eistud-21731	221	13	finance	finance	NOUN
eistud-21731	221	14	.	.	PUNCT
eistud-21731	222	1	hsieh	hsieh	PROPN
eistud-21731	222	2	,	,	PUNCT
eistud-21731	222	3	l.	l.	PROPN
eistud-21731	222	4	lin	lin	PROPN
eistud-21731	222	5	,	,	PUNCT
eistud-21731	222	6	s.	s.	PROPN
eistud-21731	222	7	m.	m.	PROPN
eistud-21731	222	8	(	(	PUNCT
eistud-21731	222	9	2016	2016	NUM
eistud-21731	222	10	)	)	PUNCT
eistud-21731	222	11	.	.	PUNCT
eistud-21731	223	1	exploring	explore	VERB
eistud-21731	223	2	the	the	DET
eistud-21731	223	3	market	market	NOUN
eistud-21731	223	4	concentration	concentration	NOUN
eistud-21731	223	5	and	and	CCONJ
eistud-21731	223	6	the	the	DET
eistud-21731	223	7	market	market	NOUN
eistud-21731	223	8	dominance	dominance	NOUN
eistud-21731	223	9	of	of	ADP
eistud-21731	223	10	international	international	ADJ
eistud-21731	223	11	tourist	tourist	NOUN
eistud-21731	223	12	hotels	hotel	NOUN
eistud-21731	223	13	in	in	ADP
eistud-21731	223	14	taiwan	taiwan	PROPN
eistud-21731	223	15	.	.	PUNCT
eistud-21731	224	1	journal	journal	PROPN
eistud-21731	224	2	of	of	ADP
eistud-21731	224	3	statistics	statistic	NOUN
eistud-21731	224	4	and	and	CCONJ
eistud-21731	224	5	management	management	NOUN
eistud-21731	224	6	systems	system	NOUN
eistud-21731	224	7	,	,	PUNCT
eistud-21731	224	8	issn	issn	PROPN
eistud-21731	224	9	:	:	PUNCT
eistud-21731	224	10	0972	0972	NUM
eistud-21731	224	11	-	-	SYM
eistud-21731	224	12	0510	0510	NUM
eistud-21731	224	13	,	,	PUNCT
eistud-21731	224	14	2169	2169	NUM
eistud-21731	224	15	-	-	SYM
eistud-21731	224	16	0014	0014	NUM
eistud-21731	224	17	.	.	PUNCT
eistud-21731	225	1	retrieved	retrieve	VERB
eistud-21731	225	2	from	from	ADP
eistud-21731	225	3	http://www.tandfonline.com/doi/pdf/10.1080/09720510.2015.110344	http://www.tandfonline.com/doi/pdf/10.1080/09720510.2015.110344	NUM
eistud-21731	225	4	9?needaccess	9?needaccess	NUM
eistud-21731	225	5	=	=	SYM
eistud-21731	225	6	true	true	ADJ
eistud-21731	225	7	jensen	jensen	PROPN
eistud-21731	225	8	,	,	PUNCT
eistud-21731	225	9	m.	m.	NOUN
eistud-21731	225	10	(	(	PUNCT
eistud-21731	225	11	2010	2010	NUM
eistud-21731	225	12	)	)	PUNCT
eistud-21731	225	13	.	.	PUNCT
eistud-21731	226	1	active	active	ADJ
eistud-21731	226	2	investors	investor	NOUN
eistud-21731	226	3	,	,	PUNCT
eistud-21731	226	4	lbos	lbo	NOUN
eistud-21731	226	5	,	,	PUNCT
eistud-21731	226	6	and	and	CCONJ
eistud-21731	226	7	the	the	DET
eistud-21731	226	8	privatization	privatization	NOUN
eistud-21731	226	9	of	of	ADP
eistud-21731	226	10	bankruptcy	bankruptcy	NOUN
eistud-21731	226	11	.	.	PUNCT
eistud-21731	227	1	journal	journal	PROPN
eistud-21731	227	2	of	of	ADP
eistud-21731	227	3	applied	apply	VERB
eistud-21731	227	4	corporate	corporate	ADJ
eistud-21731	227	5	finance	finance	NOUN
eistud-21731	227	6	,	,	PUNCT
eistud-21731	227	7	volume	volume	NOUN
eistud-21731	227	8	22	22	NUM
eistud-21731	227	9	,	,	PUNCT
eistud-21731	227	10	number	number	NOUN
eistud-21731	227	11	1	1	NUM
eistud-21731	227	12	,	,	PUNCT
eistud-21731	227	13	a	a	DET
eistud-21731	227	14	morgan	morgan	PROPN
eistud-21731	227	15	stanley	stanley	PROPN
eistud-21731	227	16	publication	publication	PROPN
eistud-21731	227	17	.	.	PUNCT
eistud-21731	228	1	retrieved	retrieve	VERB
eistud-21731	228	2	from	from	ADP
eistud-21731	228	3	https://	https://	PROPN
eistud-21731	228	4	onlinelibrary.wiley.com/doi/pdf/10.1111/j.17456622.2010.00263.x	onlinelibrary.wiley.com/doi/pdf/10.1111/j.17456622.2010.00263.x	PROPN
eistud-21731	228	5	koskinen	koskinen	PROPN
eistud-21731	228	6	,	,	PUNCT
eistud-21731	228	7	k.	k.	PROPN
eistud-21731	228	8	vanharanta	vanharanta	PROPN
eistud-21731	228	9	,	,	PUNCT
eistud-21731	228	10	h.	h.	PROPN
eistud-21731	228	11	(	(	PUNCT
eistud-21731	228	12	2002	2002	NUM
eistud-21731	228	13	)	)	PUNCT
eistud-21731	228	14	.	.	PUNCT
eistud-21731	229	1	the	the	DET
eistud-21731	229	2	role	role	NOUN
eistud-21731	229	3	of	of	ADP
eistud-21731	229	4	tacit	tacit	ADJ
eistud-21731	229	5	knowledge	knowledge	NOUN
eistud-21731	229	6	in	in	ADP
eistud-21731	229	7	innovation	innovation	NOUN
eistud-21731	229	8	processes	process	NOUN
eistud-21731	229	9	of	of	ADP
eistud-21731	229	10	small	small	ADJ
eistud-21731	229	11	technology	technology	NOUN
eistud-21731	229	12	companies	company	NOUN
eistud-21731	229	13	.	.	PUNCT
eistud-21731	230	1	international	international	ADJ
eistud-21731	230	2	journal	journal	PROPN
eistud-21731	230	3	of	of	ADP
eistud-21731	230	4	production	production	NOUN
eistud-21731	230	5	economics	economic	NOUN
eistud-21731	230	6	volume	volume	NOUN
eistud-21731	230	7	80	80	NUM
eistud-21731	230	8	,	,	PUNCT
eistud-21731	230	9	issue	issue	NOUN
eistud-21731	230	10	1	1	NUM
eistud-21731	230	11	,	,	PUNCT
eistud-21731	230	12	57–64	57–64	NUM
eistud-21731	230	13	.	.	PUNCT
eistud-21731	230	14	retrieved	retrieve	VERB
eistud-21731	230	15	from	from	ADP
eistud-21731	230	16	http://www.sciencedirect.com	http://www.sciencedirect.com	X
eistud-21731	230	17	scence	scence	NOUN
eistud-21731	230	18	/	/	SYM
eistud-21731	230	19	article	article	NOUN
eistud-21731	230	20	/	/	SYM
eistud-21731	230	21	pii	pii	PROPN
eistud-21731	230	22	/	/	SYM
eistud-21731	230	23	s0925527302002438	s0925527302002438	PROPN
eistud-21731	230	24	krishnan	krishnan	PROPN
eistud-21731	230	25	a.	a.	PROPN
eistud-21731	230	26	,	,	PUNCT
eistud-21731	230	27	krishnan	krishnan	PROPN
eistud-21731	230	28	h.	h.	PROPN
eistud-21731	230	29	,	,	PUNCT
eistud-21731	230	30	(	(	PUNCT
eistud-21731	230	31	2001	2001	NUM
eistud-21731	230	32	)	)	PUNCT
eistud-21731	230	33	.	.	PUNCT
eistud-21731	231	1	effects	effect	NOUN
eistud-21731	231	2	of	of	ADP
eistud-21731	231	3	hospital	hospital	NOUN
eistud-21731	231	4	mergers	merger	NOUN
eistud-21731	231	5	and	and	CCONJ
eistud-21731	231	6	acquisitions	acquisition	NOUN
eistud-21731	231	7	on	on	ADP
eistud-21731	231	8	prices	price	NOUN
eistud-21731	231	9	.	.	PUNCT
eistud-21731	232	1	journal	journal	PROPN
eistud-21731	232	2	of	of	ADP
eistud-21731	232	3	business	business	NOUN
eistud-21731	232	4	research	research	PROPN
eistud-21731	232	5	56	56	NUM
eistud-21731	232	6	,	,	PUNCT
eistud-21731	232	7	647	647	NUM
eistud-21731	232	8	–	–	PUNCT
eistud-21731	232	9	656	656	NUM
eistud-21731	232	10	.	.	PUNCT
eistud-21731	233	1	retrieved	retrieve	VERB
eistud-21731	233	2	from	from	ADP
eistud-21731	233	3	https://freescholar.yolasite.com/resources/effects%20of%20hospital%20mergers%20and%20	https://freescholar.yolasite.com/resources/effects%20of%20hospital%20mergers%20and%20	PROPN
eistud-21731	233	4	acquisitions%20on%20prices.pdf	acquisitions%20on%20prices.pdf	PROPN
eistud-21731	233	5	https://doi	https://doi	PROPN
eistud-21731	233	6	.	.	PUNCT
eistud-21731	234	1	org/10.1016	org/10.1016	PROPN
eistud-21731	234	2	/	/	SYM
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eistud-21731	234	4	-	-	PUNCT
eistud-21731	234	5	2963(01)00309	2963(01)00309	NUM
eistud-21731	234	6	-	-	SYM
eistud-21731	234	7	5	5	NUM
eistud-21731	234	8	lxvišauskaitė	lxvišauskaitė	NOUN
eistud-21731	234	9	,	,	PUNCT
eistud-21731	234	10	k.	k.	PROPN
eistud-21731	234	11	ir	ir	PROPN
eistud-21731	234	12	stravinskaitė	stravinskaitė	PROPN
eistud-21731	234	13	,	,	PUNCT
eistud-21731	234	14	g.	g.	PROPN
eistud-21731	234	15	(	(	PUNCT
eistud-21731	234	16	2006	2006	NUM
eistud-21731	234	17	)	)	PUNCT
eistud-21731	234	18	.	.	PUNCT
eistud-21731	235	1	susijungimų	susijungimų	PROPN
eistud-21731	235	2	ir	ir	PROPN
eistud-21731	235	3	įsigijimų	įsigijimų	PROPN
eistud-21731	235	4	tikslingumo	tikslingumo	VERB
eistud-21731	235	5	ir	ir	PROPN
eistud-21731	235	6	galimybių	galimybių	PROPN
eistud-21731	235	7	tekstilės	tekstilės	PROPN
eistud-21731	235	8	pramonėje	pramonėje	PROPN
eistud-21731	235	9	analizė	analizė	PROPN
eistud-21731	235	10	ir	ir	PROPN
eistud-21731	235	11	vertinimas	vertinimas	PROPN
eistud-21731	235	12	.	.	PUNCT
eistud-21731	236	1	issn	issn	PROPN
eistud-21731	236	2	1392	1392	NUM
eistud-21731	236	3	-	-	SYM
eistud-21731	236	4	1142	1142	NUM
eistud-21731	236	5	organizacijų	organizacijų	NOUN
eistud-21731	236	6	vadyba	vadyba	NOUN
eistud-21731	236	7	:	:	PUNCT
eistud-21731	236	8	sisteminiai	sisteminiai	VERB
eistud-21731	236	9	tyrimai	tyrimai	PROPN
eistud-21731	236	10	.	.	PUNCT
eistud-21731	237	1	retrieved	retrieve	VERB
eistud-21731	237	2	from	from	ADP
eistud-21731	237	3	http://etalpykla.lituanistikadb.lt/fedora/get/ltldb0001:j.04~2006~1367180059408/	http://etalpykla.lituanistikadb.lt/fedora/get/ltldb0001:j.04~2006~1367180059408/	PROPN
eistud-21731	237	4	ds.002.0.01	ds.002.0.01	PROPN
eistud-21731	237	5	.	.	PROPN
eistud-21731	237	6	arti	arti	PROPN
eistud-21731	237	7	lileikienė	lileikienė	PROPN
eistud-21731	237	8	,	,	PUNCT
eistud-21731	237	9	a.	a.	PROPN
eistud-21731	237	10	kovalčik	kovalčik	PROPN
eistud-21731	237	11	,	,	PUNCT
eistud-21731	237	12	a.	a.	NOUN
eistud-21731	237	13	(	(	PUNCT
eistud-21731	237	14	2014	2014	NUM
eistud-21731	237	15	)	)	PUNCT
eistud-21731	237	16	.	.	PUNCT
eistud-21731	238	1	komercinių	komercinių	NOUN
eistud-21731	238	2	bankų	bankų	NOUN
eistud-21731	238	3	veiklos	veiklos	PROPN
eistud-21731	238	4	riziką	riziką	PROPN
eistud-21731	238	5	ribojančių	ribojančių	PROPN
eistud-21731	238	6	normatyvų	normatyvų	PROPN
eistud-21731	238	7	vykdymo	vykdymo	PROPN
eistud-21731	238	8	analizė	analizė	PROPN
eistud-21731	238	9	(	(	PUNCT
eistud-21731	238	10	ab	ab	PROPN
eistud-21731	238	11	šiaulių	šiaulių	PROPN
eistud-21731	238	12	banko	banko	PROPN
eistud-21731	238	13	pavyzdžiu	pavyzdžiu	PROPN
eistud-21731	238	14	)	)	PUNCT
eistud-21731	238	15	.	.	PUNCT
eistud-21731	239	1	journal	journal	PROPN
eistud-21731	239	2	of	of	ADP
eistud-21731	239	3	management	management	NOUN
eistud-21731	239	4	(	(	PUNCT
eistud-21731	239	5	issn	issn	PROPN
eistud-21731	239	6	:	:	PUNCT
eistud-21731	239	7	1648	1648	NUM
eistud-21731	239	8	-	-	SYM
eistud-21731	239	9	7974	7974	NUM
eistud-21731	239	10	)	)	PUNCT
eistud-21731	239	11	issue	issue	NOUN
eistud-21731	239	12	:	:	PUNCT
eistud-21731	239	13	volume	volume	NOUN
eistud-21731	239	14	24	24	NUM
eistud-21731	239	15	,	,	PUNCT
eistud-21731	239	16	7793	7793	NUM
eistud-21731	239	17	.	.	PUNCT
eistud-21731	240	1	retrieved	retrieve	VERB
eistud-21731	240	2	from	from	ADP
eistud-21731	240	3	retrieved	retrieve	VERB
eistud-21731	240	4	from	from	ADP
eistud-21731	240	5	http://www.ltvk	http://www.ltvk	PROPN
eistud-21731	240	6	.	.	PUNCT
eistud-21731	241	1	lt	lt	X
eistud-21731	241	2	/	/	SYM
eistud-21731	241	3	file	file	NOUN
eistud-21731	241	4	/	/	SYM
eistud-21731	241	5	zurnalai	zurnalai	NOUN
eistud-21731	241	6	/	/	SYM
eistud-21731	241	7	vadyba_2014_24.pdf	vadyba_2014_24.pdf	PROPN
eistud-21731	241	8	mester	mester	NOUN
eistud-21731	241	9	,	,	PUNCT
eistud-21731	241	10	j.	j.	PROPN
eistud-21731	241	11	p.	p.	PROPN
eistud-21731	241	12	hughes	hughes	PROPN
eistud-21731	241	13	,	,	PUNCT
eistud-21731	241	14	l.	l.	PROPN
eistud-21731	241	15	j.	j.	PROPN
eistud-21731	241	16	(	(	PUNCT
eistud-21731	241	17	2008	2008	NUM
eistud-21731	241	18	)	)	PUNCT
eistud-21731	241	19	.	.	PUNCT
eistud-21731	242	1	efficiency	efficiency	NOUN
eistud-21731	242	2	in	in	ADP
eistud-21731	242	3	banking	banking	NOUN
eistud-21731	242	4	:	:	PUNCT
eistud-21731	242	5	theory	theory	NOUN
eistud-21731	242	6	,	,	PUNCT
eistud-21731	242	7	practice	practice	NOUN
eistud-21731	242	8	,	,	PUNCT
eistud-21731	242	9	and	and	CCONJ
eistud-21731	242	10	evidence	evidence	NOUN
eistud-21731	242	11	.	.	PUNCT
eistud-21731	243	1	frb	frb	NOUN
eistud-21731	243	2	of	of	ADP
eistud-21731	243	3	philadelphia	philadelphia	PROPN
eistud-21731	243	4	working	working	PROPN
eistud-21731	243	5	paper	paper	NOUN
eistud-21731	243	6	no	no	INTJ
eistud-21731	243	7	.	.	PROPN
eistud-21731	243	8	08	08	NUM
eistud-21731	243	9	-	-	SYM
eistud-21731	243	10	1	1	NUM
eistud-21731	243	11	.	.	PUNCT
eistud-21731	243	12	retrieved	retrieve	VERB
eistud-21731	243	13	from	from	ADP
eistud-21731	243	14	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1092220	https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1092220	ADJ
eistud-21731	243	15	minority	minority	NOUN
eistud-21731	243	16	business	business	PROPN
eistud-21731	243	17	development	development	PROPN
eistud-21731	243	18	agency	agency	PROPN
eistud-21731	243	19	u.s	u.s	PROPN
eistud-21731	243	20	.	.	PROPN
eistud-21731	243	21	department	department	PROPN
eistud-21731	243	22	of	of	ADP
eistud-21731	243	23	commerce	commerce	PROPN
eistud-21731	243	24	(	(	PUNCT
eistud-21731	243	25	2012	2012	NUM
eistud-21731	243	26	)	)	PUNCT
eistud-21731	243	27	.	.	PUNCT
eistud-21731	244	1	retrieved	retrieve	VERB
eistud-21731	244	2	24	24	NUM
eistud-21731	244	3	march	march	NOUN
eistud-21731	244	4	2018	2018	NUM
eistud-21731	244	5	from	from	ADP
eistud-21731	244	6	https://www.mbda.gov/news/	https://www.mbda.gov/news/	PUNCT
eistud-21731	244	7	blog/2012/04/5	blog/2012/04/5	ADJ
eistud-21731	244	8	-	-	PUNCT
eistud-21731	244	9	types	type	NOUN
eistud-21731	244	10	-	-	PUNCT
eistud-21731	244	11	company	company	NOUN
eistud-21731	244	12	-	-	PUNCT
eistud-21731	244	13	mergers	merger	NOUN
eistud-21731	244	14	mishra	mishra	PROPN
eistud-21731	244	15	,	,	PUNCT
eistud-21731	244	16	p.	p.	PROPN
eistud-21731	244	17	kumar	kumar	PROPN
eistud-21731	244	18	,	,	PUNCT
eistud-21731	244	19	p.v.k	p.v.k	NOUN
eistud-21731	244	20	.	.	PUNCT
eistud-21731	244	21	,	,	PUNCT
eistud-21731	244	22	(	(	PUNCT
eistud-21731	244	23	2011	2011	NUM
eistud-21731	244	24	)	)	PUNCT
eistud-21731	244	25	.	.	PUNCT
eistud-21731	245	1	impact	impact	NOUN
eistud-21731	245	2	of	of	ADP
eistud-21731	245	3	mergers	merger	NOUN
eistud-21731	245	4	and	and	CCONJ
eistud-21731	245	5	acquisitions	acquisition	NOUN
eistud-21731	245	6	on	on	ADP
eistud-21731	245	7	consumers	consumer	NOUN
eistud-21731	245	8	’	'	PUNCT
eistud-21731	245	9	welfare	welfare	NOUN
eistud-21731	245	10	:	:	PUNCT
eistud-21731	245	11	experience	experience	NOUN
eistud-21731	245	12	of	of	ADP
eistud-21731	245	13	indian	indian	ADJ
eistud-21731	245	14	manufacturing	manufacturing	NOUN
eistud-21731	245	15	sector	sector	NOUN
eistud-21731	245	16	.	.	PUNCT
eistud-21731	246	1	world	world	PROPN
eistud-21731	246	2	academy	academy	PROPN
eistud-21731	246	3	of	of	ADP
eistud-21731	246	4	science	science	PROPN
eistud-21731	246	5	,	,	PUNCT
eistud-21731	246	6	engineering	engineering	NOUN
eistud-21731	246	7	and	and	CCONJ
eistud-21731	246	8	technology	technology	NOUN
eistud-21731	246	9	international	international	ADJ
eistud-21731	246	10	journal	journal	NOUN
eistud-21731	246	11	of	of	ADP
eistud-21731	246	12	mechanical	mechanical	ADJ
eistud-21731	246	13	and	and	CCONJ
eistud-21731	246	14	industrial	industrial	ADJ
eistud-21731	246	15	engineering	engineering	NOUN
eistud-21731	246	16	vol	vol	NOUN
eistud-21731	246	17	:	:	PUNCT
eistud-21731	246	18	5	5	NUM
eistud-21731	246	19	,	,	PUNCT
eistud-21731	246	20	no	no	INTJ
eistud-21731	246	21	:	:	PUNCT
eistud-21731	246	22	8	8	NUM
eistud-21731	246	23	.	.	PUNCT
eistud-21731	246	24	retrieved	retrieve	VERB
eistud-21731	246	25	from	from	ADP
eistud-21731	246	26	http://	http://	PROPN
eistud-21731	246	27	waset.org/publications/15468/impact-of-mergers-and-acquisitions-on-consumers-welfare-experience-of-indian-manufacturing-sector	waset.org/publications/15468/impact-of-mergers-and-acquisitions-on-consumers-welfare-experience-of-indian-manufacturing-sector	NOUN
eistud-21731	246	28	mukherjee	mukherjee	PROPN
eistud-21731	246	29	,	,	PUNCT
eistud-21731	246	30	t.k	t.k	PROPN
eistud-21731	246	31	.	.	PROPN
eistud-21731	246	32	kiymaz	kiymaz	PROPN
eistud-21731	246	33	,	,	PUNCT
eistud-21731	246	34	h.	h.	PROPN
eistud-21731	246	35	baker	baker	PROPN
eistud-21731	246	36	,	,	PUNCT
eistud-21731	246	37	h.k	h.k	PROPN
eistud-21731	246	38	.	.	PROPN
eistud-21731	246	39	(	(	PUNCT
eistud-21731	246	40	2005	2005	NUM
eistud-21731	246	41	)	)	PUNCT
eistud-21731	246	42	.	.	PUNCT
eistud-21731	247	1	merger	merger	NOUN
eistud-21731	247	2	motives	motive	NOUN
eistud-21731	247	3	and	and	CCONJ
eistud-21731	247	4	target	target	VERB
eistud-21731	247	5	valuation	valuation	NOUN
eistud-21731	247	6	:	:	PUNCT
eistud-21731	247	7	a	a	DET
eistud-21731	247	8	survey	survey	NOUN
eistud-21731	247	9	of	of	ADP
eistud-21731	247	10	evidence	evidence	NOUN
eistud-21731	247	11	from	from	ADP
eistud-21731	247	12	cfos	cfos	PROPN
eistud-21731	247	13	.	.	PUNCT
eistud-21731	248	1	journal	journal	PROPN
eistud-21731	248	2	of	of	ADP
eistud-21731	248	3	applied	apply	VERB
eistud-21731	248	4	finance	finance	NOUN
eistud-21731	248	5	,	,	PUNCT
eistud-21731	248	6	vol	vol	NOUN
eistud-21731	248	7	.	.	PROPN
eistud-21731	249	1	14	14	NUM
eistud-21731	249	2	,	,	PUNCT
eistud-21731	249	3	no	no	INTJ
eistud-21731	249	4	.	.	NOUN
eistud-21731	249	5	2	2	NUM
eistud-21731	249	6	retrieved	retrieve	VERB
eistud-21731	249	7	from	from	ADP
eistud-21731	249	8	https://papers.ssrn	https://papers.ssrn	NOUN
eistud-21731	249	9	.	.	PUNCT
eistud-21731	249	10	com	com	NOUN
eistud-21731	249	11	/	/	SYM
eistud-21731	249	12	sol3	sol3	PROPN
eistud-21731	249	13	/	/	SYM
eistud-21731	249	14	papers.cfm?abstract_id=670383	papers.cfm?abstract_id=670383	PROPN
eistud-21731	249	15	nocke	nocke	PROPN
eistud-21731	249	16	,	,	PUNCT
eistud-21731	249	17	v.	v.	ADV
eistud-21731	249	18	,	,	PUNCT
eistud-21731	249	19	yeaple	yeaple	PROPN
eistud-21731	249	20	,	,	PUNCT
eistud-21731	249	21	s.	s.	PROPN
eistud-21731	249	22	(	(	PUNCT
eistud-21731	249	23	2006	2006	NUM
eistud-21731	249	24	)	)	PUNCT
eistud-21731	249	25	.	.	PUNCT
eistud-21731	250	1	cross	cross	ADJ
eistud-21731	250	2	-	-	ADJ
eistud-21731	250	3	border	border	ADJ
eistud-21731	250	4	mergers	merger	NOUN
eistud-21731	250	5	and	and	CCONJ
eistud-21731	250	6	acquisitions	acquisition	NOUN
eistud-21731	250	7	vs.	vs.	ADP
eistud-21731	250	8	greenfield	greenfield	NOUN
eistud-21731	250	9	foreign	foreign	ADJ
eistud-21731	250	10	direct	direct	ADJ
eistud-21731	250	11	investment	investment	NOUN
eistud-21731	250	12	:	:	PUNCT
eistud-21731	250	13	the	the	DET
eistud-21731	250	14	role	role	NOUN
eistud-21731	250	15	of	of	ADP
eistud-21731	250	16	firm	firm	ADJ
eistud-21731	250	17	heterogeneity	heterogeneity	NOUN
eistud-21731	250	18	.	.	PUNCT
eistud-21731	251	1	journal	journal	NOUN
eistud-21731	251	2	of	of	ADP
eistud-21731	251	3	international	international	ADJ
eistud-21731	251	4	economics	economic	NOUN
eistud-21731	251	5	,	,	PUNCT
eistud-21731	251	6	72	72	NUM
eistud-21731	251	7	,	,	PUNCT
eistud-21731	251	8	336–365	336–365	NUM
eistud-21731	251	9	retrieved	retrieve	VERB
eistud-21731	251	10	from	from	ADP
eistud-21731	251	11	http://nocke.vwl.unimannheim.de/fileadmin/	http://nocke.vwl.unimannheim.de/fileadmin/	NOUN
eistud-21731	251	12	user_upload	user_upload	ADJ
eistud-21731	251	13	/	/	SYM
eistud-21731	251	14	nocke	nocke	NOUN
eistud-21731	251	15	/	/	SYM
eistud-21731	251	16	papers	paper	NOUN
eistud-21731	251	17	/	/	SYM
eistud-21731	251	18	nockeyeaple1journalofinternationaleconomics	nockeyeaple1journalofinternationaleconomic	NOUN
eistud-21731	251	19	-	-	PUNCT
eistud-21731	251	20	july2007.pdf	july2007.pdf	NOUN
eistud-21731	251	21	https://	https://	PROPN
eistud-21731	251	22	doi.org/10.1016/j.jinteco.2006.09.003	doi.org/10.1016/j.jinteco.2006.09.003	NOUN
eistud-21731	251	23	novickytė	novickytė	NOUN
eistud-21731	251	24	,	,	PUNCT
eistud-21731	251	25	l.	l.	PROPN
eistud-21731	251	26	šileika	šileika	PROPN
eistud-21731	251	27	,	,	PUNCT
eistud-21731	251	28	t.	t.	PROPN
eistud-21731	251	29	(	(	PUNCT
eistud-21731	251	30	2010	2010	NUM
eistud-21731	251	31	)	)	PUNCT
eistud-21731	251	32	.	.	PUNCT
eistud-21731	252	1	įmonių	įmonių	NOUN
eistud-21731	253	1	susiliejimų	susiliejimų	INTJ
eistud-21731	253	2	ir	ir	INTJ
eistud-21731	253	3	įsigijimų	įsigijimų	ADV
eistud-21731	253	4	teoriniai	teoriniai	VERB
eistud-21731	253	5	ir	ir	PROPN
eistud-21731	253	6	praktiniai	praktiniai	VERB
eistud-21731	253	7	aspektai	aspektai	PROPN
eistud-21731	253	8	.	.	PUNCT
eistud-21731	254	1	business	business	NOUN
eistud-21731	254	2	,	,	PUNCT
eistud-21731	254	3	management	management	NOUN
eistud-21731	254	4	and	and	CCONJ
eistud-21731	254	5	education	education	NOUN
eistud-21731	254	6	,	,	PUNCT
eistud-21731	254	7	isbn	isbn	ADJ
eistud-21731	254	8	:	:	PUNCT
eistud-21731	254	9	9789955287575	9789955287575	NUM
eistud-21731	254	10	.	.	PUNCT
eistud-21731	255	1	retrieved	retrieve	VERB
eistud-21731	255	2	from	from	ADP
eistud-21731	255	3	http://leidykla.vgtu.lt/conferences/	http://leidykla.vgtu.lt/conferences/	PROPN
eistud-21731	255	4	bme_2010/001	bme_2010/001	NOUN
eistud-21731	255	5	/	/	SYM
eistud-21731	255	6	pdf	pdf	NOUN
eistud-21731	255	7	/	/	SYM
eistud-21731	255	8	art	art	NOUN
eistud-21731	255	9	-	-	PUNCT
eistud-21731	255	10	novickyte	novickyte	ADJ
eistud-21731	255	11	-	-	PUNCT
eistud-21731	255	12	sileika.pdf	sileika.pdf	NOUN
eistud-21731	255	13	official	official	ADJ
eistud-21731	255	14	journal	journal	NOUN
eistud-21731	255	15	of	of	ADP
eistud-21731	255	16	the	the	DET
eistud-21731	255	17	european	european	PROPN
eistud-21731	255	18	union	union	PROPN
eistud-21731	255	19	(	(	PUNCT
eistud-21731	255	20	2008	2008	NUM
eistud-21731	255	21	)	)	PUNCT
eistud-21731	255	22	.	.	PUNCT
eistud-21731	256	1	guidelines	guideline	NOUN
eistud-21731	256	2	on	on	ADP
eistud-21731	256	3	the	the	DET
eistud-21731	256	4	assessment	assessment	NOUN
eistud-21731	256	5	of	of	ADP
eistud-21731	256	6	non	non	ADJ
eistud-21731	256	7	-	-	ADJ
eistud-21731	256	8	horizontal	horizontal	ADJ
eistud-21731	256	9	mergers	merger	NOUN
eistud-21731	256	10	under	under	ADP
eistud-21731	256	11	the	the	DET
eistud-21731	256	12	council	council	NOUN
eistud-21731	256	13	regulation	regulation	NOUN
eistud-21731	256	14	on	on	ADP
eistud-21731	256	15	the	the	DET
eistud-21731	256	16	control	control	NOUN
eistud-21731	256	17	of	of	ADP
eistud-21731	256	18	concentrations	concentration	NOUN
eistud-21731	256	19	between	between	ADP
eistud-21731	256	20	undertakings	undertaking	NOUN
eistud-21731	256	21	(	(	PUNCT
eistud-21731	256	22	2008	2008	NUM
eistud-21731	256	23	/	/	SYM
eistud-21731	256	24	c	c	NOUN
eistud-21731	256	25	265/07	265/07	NUM
eistud-21731	256	26	)	)	PUNCT
eistud-21731	256	27	.	.	PUNCT
eistud-21731	257	1	retrieved	retrieve	VERB
eistud-21731	257	2	from	from	ADP
eistud-21731	257	3	https://eur-lex.europa.eu/legal-content/en/txt/pdf/?uri=celex:52008xc1018(03)&from=lt	https://eur-lex.europa.eu/legal-content/en/txt/pdf/?uri=celex:52008xc1018(03)&from=lt	PROPN
eistud-21731	257	4	park	park	NOUN
eistud-21731	257	5	,	,	PUNCT
eistud-21731	257	6	m.-c	m.-c	PROPN
eistud-21731	257	7	.	.	PUNCT
eistud-21731	257	8	,	,	PUNCT
eistud-21731	257	9	yang	yang	PROPN
eistud-21731	257	10	,	,	PUNCT
eistud-21731	257	11	d.-h	d.-h	PROPN
eistud-21731	257	12	.	.	PROPN
eistud-21731	257	13	,	,	PUNCT
eistud-21731	257	14	nam	nam	PROPN
eistud-21731	257	15	,	,	PUNCT
eistud-21731	257	16	c.	c.	PROPN
eistud-21731	257	17	ir	ir	PROPN
eistud-21731	257	18	ha	ha	INTJ
eistud-21731	257	19	,	,	PUNCT
eistud-21731	257	20	y.-w	y.-w	PROPN
eistud-21731	257	21	.	.	PUNCT
eistud-21731	258	1	(	(	PUNCT
eistud-21731	258	2	2002	2002	NUM
eistud-21731	258	3	)	)	PUNCT
eistud-21731	258	4	.	.	PUNCT
eistud-21731	259	1	mergers	merger	NOUN
eistud-21731	259	2	and	and	CCONJ
eistud-21731	259	3	acquisitions	acquisition	NOUN
eistud-21731	259	4	in	in	ADP
eistud-21731	259	5	the	the	DET
eistud-21731	259	6	telecommunications	telecommunications	NOUN
eistud-21731	259	7	industry	industry	NOUN
eistud-21731	259	8	:	:	PUNCT
eistud-21731	259	9	myths	myth	NOUN
eistud-21731	259	10	and	and	CCONJ
eistud-21731	259	11	reality	reality	NOUN
eistud-21731	259	12	.	.	PUNCT
eistud-21731	260	1	etri	etri	PROPN
eistud-21731	260	2	journal	journal	PROPN
eistud-21731	260	3	,	,	PUNCT
eistud-21731	260	4	volume	volume	NOUN
eistud-21731	260	5	24	24	NUM
eistud-21731	260	6	,	,	PUNCT
eistud-21731	260	7	number	number	NOUN
eistud-21731	260	8	1	1	NUM
eistud-21731	260	9	.	.	PUNCT
eistud-21731	260	10	retrieved	retrieve	VERB
eistud-21731	260	11	from	from	ADP
eistud-21731	260	12	http://onlinelibrary.wiley.com/doi/10.4218/etrij.02.0102.0106/pdf	http://onlinelibrary.wiley.com/doi/10.4218/etrij.02.0102.0106/pdf	PROPN
eistud-21731	260	13	pearce	pearce	PROPN
eistud-21731	260	14	,	,	PUNCT
eistud-21731	260	15	j.	j.	PROPN
eistud-21731	260	16	a.	a.	PROPN
eistud-21731	260	17	,	,	PUNCT
eistud-21731	260	18	robinson	robinson	PROPN
eistud-21731	260	19	,	,	PUNCT
eistud-21731	260	20	r.	r.	PROPN
eistud-21731	260	21	b.	b.	PROPN
eistud-21731	260	22	(	(	PUNCT
eistud-21731	260	23	2013	2013	NUM
eistud-21731	260	24	)	)	PUNCT
eistud-21731	260	25	.	.	PUNCT
eistud-21731	261	1	strategic	strategic	ADJ
eistud-21731	261	2	management	management	NOUN
eistud-21731	261	3	:	:	PUNCT
eistud-21731	261	4	planning	plan	VERB
eistud-21731	261	5	for	for	ADP
eistud-21731	261	6	domestic	domestic	ADJ
eistud-21731	261	7	&	&	CCONJ
eistud-21731	261	8	global	global	ADJ
eistud-21731	261	9	competition	competition	NOUN
eistud-21731	261	10	.	.	PUNCT
eistud-21731	262	1	published	publish	VERB
eistud-21731	262	2	by	by	ADP
eistud-21731	262	3	mcgrow	mcgrow	NOUN
eistud-21731	262	4	-	-	PUNCT
eistud-21731	262	5	hill	hill	NOUN
eistud-21731	262	6	education	education	NOUN
eistud-21731	262	7	(	(	PUNCT
eistud-21731	262	8	asia	asia	PROPN
eistud-21731	262	9	)	)	PUNCT
eistud-21731	262	10	,	,	PUNCT
eistud-21731	262	11	printed	print	VERB
eistud-21731	262	12	in	in	ADP
eistud-21731	262	13	singapore	singapore	PROPN
eistud-21731	262	14	.	.	PUNCT
eistud-21731	263	1	prager	prager	PROPN
eistud-21731	263	2	,	,	PUNCT
eistud-21731	263	3	r.	r.	PROPN
eistud-21731	263	4	a	a	PRON
eistud-21731	263	5	,	,	PUNCT
eistud-21731	263	6	(	(	PUNCT
eistud-21731	263	7	1992	1992	NUM
eistud-21731	263	8	)	)	PUNCT
eistud-21731	263	9	.	.	PUNCT
eistud-21731	264	1	the	the	DET
eistud-21731	264	2	effects	effect	NOUN
eistud-21731	264	3	of	of	ADP
eistud-21731	264	4	horizontal	horizontal	ADJ
eistud-21731	264	5	mergers	merger	NOUN
eistud-21731	264	6	on	on	ADP
eistud-21731	264	7	competition	competition	NOUN
eistud-21731	264	8	:	:	PUNCT
eistud-21731	264	9	the	the	DET
eistud-21731	264	10	case	case	NOUN
eistud-21731	264	11	of	of	ADP
eistud-21731	264	12	the	the	DET
eistud-21731	264	13	northern	northern	ADJ
eistud-21731	264	14	securities	security	NOUN
eistud-21731	264	15	company	company	NOUN
eistud-21731	264	16	.	.	PUNCT
eistud-21731	265	1	the	the	DET
eistud-21731	265	2	rand	rand	PROPN
eistud-21731	265	3	journal	journal	NOUN
eistud-21731	265	4	of	of	ADP
eistud-21731	265	5	economics	economic	NOUN
eistud-21731	265	6	,	,	PUNCT
eistud-21731	265	7	vol	vol	NOUN
eistud-21731	265	8	.	.	PROPN
eistud-21731	265	9	23	23	NUM
eistud-21731	265	10	,	,	PUNCT
eistud-21731	265	11	no	no	INTJ
eistud-21731	265	12	.	.	NOUN
eistud-21731	265	13	,	,	PUNCT
eistud-21731	265	14	123	123	NUM
eistud-21731	265	15	-	-	SYM
eistud-21731	265	16	133	133	NUM
eistud-21731	265	17	.	.	PUNCT
eistud-21731	265	18	retrieved	retrieve	VERB
eistud-21731	265	19	from	from	ADP
eistud-21731	265	20	https://www	https://www	PROPN
eistud-21731	265	21	.	.	PUNCT
eistud-21731	266	1	european	european	ADJ
eistud-21731	266	2	integrat	integrat	PROPN
eistud-21731	266	3	ion	ion	NOUN
eistud-21731	266	4	studies	study	NOUN
eistud-21731	266	5	2018/12	2018/12	NUM
eistud-21731	266	6	76	76	NUM
eistud-21731	266	7	jstor.org/stable/pdf/2555436.pdf?refreqid=excelsior%3ac8a6b23b283f7837be17ca745eb588ed	jstor.org/stable/pdf/2555436.pdf?refreqid=excelsior%3ac8a6b23b283f7837be17ca745eb588ed	PROPN
eistud-21731	266	8	salleh	salleh	PROPN
eistud-21731	266	9	,	,	PUNCT
eistud-21731	266	10	w.	w.	PROPN
eistud-21731	266	11	a.	a.	PROPN
eistud-21731	266	12	mahmood	mahmood	PROPN
eistud-21731	266	13	,	,	PUNCT
eistud-21731	266	14	w.	w.	PROPN
eistud-21731	266	15	m.	m.	PROPN
eistud-21731	266	16	w.	w.	PROPN
eistud-21731	266	17	sufian	sufian	PROPN
eistud-21731	266	18	,	,	PUNCT
eistud-21731	266	19	f.	f.	PROPN
eistud-21731	266	20	othman	othman	PROPN
eistud-21731	266	21	,	,	PUNCT
eistud-21731	266	22	m.	m.	NOUN
eistud-21731	266	23	h.	h.	PROPN
eistud-21731	266	24	yaacob	yaacob	PROPN
eistud-21731	266	25	,	,	PUNCT
eistud-21731	266	26	n.	n.	PROPN
eistud-21731	266	27	nai	nai	PROPN
eistud-21731	266	28	,	,	PUNCT
eistud-21731	266	29	g.	g.	PROPN
eistud-21731	266	30	k.	k.	PROPN
eistud-21731	266	31	s.	s.	PROPN
eistud-21731	266	32	(	(	PUNCT
eistud-21731	266	33	2016	2016	NUM
eistud-21731	266	34	)	)	PUNCT
eistud-21731	266	35	.	.	PUNCT
eistud-21731	267	1	efficiency	efficiency	NOUN
eistud-21731	267	2	of	of	ADP
eistud-21731	267	3	telecommunication	telecommunication	NOUN
eistud-21731	267	4	companies	company	NOUN
eistud-21731	267	5	in	in	ADP
eistud-21731	267	6	asean	asean	ADJ
eistud-21731	267	7	:	:	PUNCT
eistud-21731	267	8	corporate	corporate	ADJ
eistud-21731	267	9	mergers	merger	NOUN
eistud-21731	267	10	and	and	CCONJ
eistud-21731	267	11	acquisitions	acquisition	NOUN
eistud-21731	267	12	.	.	PUNCT
eistud-21731	268	1	j.	j.	PROPN
eistud-21731	268	2	appl	appl	PROPN
eistud-21731	268	3	.	.	PROPN
eistud-21731	269	1	environ	environ	PROPN
eistud-21731	269	2	.	.	PUNCT
eistud-21731	270	1	biol	biol	PROPN
eistud-21731	270	2	.	.	PUNCT
eistud-21731	271	1	sci	sci	PROPN
eistud-21731	271	2	.	.	PROPN
eistud-21731	271	3	,	,	PUNCT
eistud-21731	271	4	6(1s	6(1s	NUM
eistud-21731	271	5	)	)	PUNCT
eistud-21731	271	6	1	1	NUM
eistud-21731	271	7	-	-	SYM
eistud-21731	271	8	6	6	NUM
eistud-21731	271	9	.	.	PUNCT
eistud-21731	271	10	retrieved	retrieve	VERB
eistud-21731	271	11	from	from	ADP
eistud-21731	271	12	https://www	https://www	PROPN
eistud-21731	271	13	.	.	PUNCT
eistud-21731	272	1	researchgate.net/publication/311487488_efficie	researchgate.net/publication/311487488_efficie	PROPN
eistud-21731	272	2	ncy_of_telecommunication_companies_in_asean_corporate_mergers_and_acquisitions	ncy_of_telecommunication_companies_in_asean_corporate_mergers_and_acquisition	NOUN
eistud-21731	272	3	sarrazin	sarrazin	PROPN
eistud-21731	272	4	,	,	PUNCT
eistud-21731	272	5	h.	h.	PROPN
eistud-21731	272	6	west	west	PROPN
eistud-21731	272	7	,	,	PUNCT
eistud-21731	272	8	a.	a.	NOUN
eistud-21731	272	9	(	(	PUNCT
eistud-21731	272	10	2011	2011	NUM
eistud-21731	272	11	)	)	PUNCT
eistud-21731	272	12	.	.	PUNCT
eistud-21731	273	1	understanding	understand	VERB
eistud-21731	273	2	the	the	DET
eistud-21731	273	3	strategic	strategic	ADJ
eistud-21731	273	4	value	value	NOUN
eistud-21731	273	5	of	of	ADP
eistud-21731	273	6	it	it	PRON
eistud-21731	273	7	in	in	ADP
eistud-21731	273	8	m&a	m&a	PROPN
eistud-21731	273	9	.	.	PUNCT
eistud-21731	274	1	mckinsey	mckinsey	PROPN
eistud-21731	274	2	&	&	CCONJ
eistud-21731	274	3	company	company	PROPN
eistud-21731	274	4	,	,	PUNCT
eistud-21731	274	5	strategy	strategy	NOUN
eistud-21731	274	6	&	&	CCONJ
eistud-21731	274	7	corporate	corporate	ADJ
eistud-21731	274	8	finance	finance	NOUN
eistud-21731	274	9	.	.	PUNCT
eistud-21731	275	1	retrieved	retrieve	VERB
eistud-21731	275	2	from	from	ADP
eistud-21731	275	3	https://www.mckinsey.com/business-functions/	https://www.mckinsey.com/business-functions/	PROPN
eistud-21731	275	4	strategy	strategy	NOUN
eistud-21731	275	5	-	-	PUNCT
eistud-21731	275	6	and	and	CCONJ
eistud-21731	275	7	-	-	PUNCT
eistud-21731	275	8	corporate	corporate	ADJ
eistud-21731	275	9	-	-	PUNCT
eistud-21731	275	10	finance	finance	NOUN
eistud-21731	275	11	/	/	SYM
eistud-21731	275	12	our	our	PRON
eistud-21731	275	13	-	-	PUNCT
eistud-21731	275	14	insights	insight	NOUN
eistud-21731	275	15	/	/	SYM
eistud-21731	275	16	understanding	understanding	NOUN
eistud-21731	275	17	-	-	PUNCT
eistud-21731	275	18	the	the	DET
eistud-21731	275	19	-	-	PUNCT
eistud-21731	275	20	strategic	strategic	ADJ
eistud-21731	275	21	-	-	PUNCT
eistud-21731	275	22	value	value	NOUN
eistud-21731	275	23	-	-	PUNCT
eistud-21731	275	24	of	of	ADP
eistud-21731	275	25	-	-	PUNCT
eistud-21731	275	26	it	it	PRON
eistud-21731	275	27	-	-	PUNCT
eistud-21731	275	28	in	in	ADP
eistud-21731	275	29	-	-	PUNCT
eistud-21731	275	30	m	m	NOUN
eistud-21731	275	31	-	-	PUNCT
eistud-21731	275	32	and-38a	and-38a	NUM
eistud-21731	275	33	stephen	stephen	NOUN
eistud-21731	275	34	,	,	PUNCT
eistud-21731	275	35	a.	a.	NOUN
eistud-21731	275	36	gantumur	gantumur	PROPN
eistud-21731	275	37	,	,	PUNCT
eistud-21731	275	38	t.	t.	PROPN
eistud-21731	275	39	(	(	PUNCT
eistud-21731	275	40	2011	2011	NUM
eistud-21731	275	41	)	)	PUNCT
eistud-21731	275	42	mergers	merger	NOUN
eistud-21731	275	43	&	&	CCONJ
eistud-21731	275	44	acquisitions	acquisition	NOUN
eistud-21731	275	45	and	and	CCONJ
eistud-21731	275	46	innovation	innovation	NOUN
eistud-21731	275	47	performance	performance	NOUN
eistud-21731	275	48	in	in	ADP
eistud-21731	275	49	the	the	DET
eistud-21731	275	50	telecommunications	telecommunications	NOUN
eistud-21731	275	51	equipment	equipment	NOUN
eistud-21731	275	52	industry	industry	NOUN
eistud-21731	275	53	.	.	PUNCT
eistud-21731	276	1	industrial	industrial	ADJ
eistud-21731	276	2	and	and	CCONJ
eistud-21731	276	3	corporate	corporate	ADJ
eistud-21731	276	4	change	change	NOUN
eistud-21731	276	5	,	,	PUNCT
eistud-21731	276	6	volume	volume	NOUN
eistud-21731	276	7	21	21	NUM
eistud-21731	276	8	,	,	PUNCT
eistud-21731	276	9	issue	issue	NOUN
eistud-21731	276	10	2	2	NUM
eistud-21731	276	11	,	,	PUNCT
eistud-21731	276	12	277–314	277–314	NUM
eistud-21731	276	13	.	.	PUNCT
eistud-21731	276	14	retrieved	retrieve	VERB
eistud-21731	276	15	from	from	ADP
eistud-21731	276	16	https://academic.oup.com/icc/article-abstract/21/2/277/828467	https://academic.oup.com/icc/article-abstract/21/2/277/828467	PROPN
eistud-21731	276	17	steven	steven	PROPN
eistud-21731	276	18	,	,	PUNCT
eistud-21731	276	19	a.	a.	PROPN
eistud-21731	276	20	b.	b.	PROPN
eistud-21731	276	21	,	,	PUNCT
eistud-21731	276	22	yazdi	yazdi	PROPN
eistud-21731	276	23	,	,	PUNCT
eistud-21731	276	24	a.	a.	NOUN
eistud-21731	276	25	a.	a.	PROPN
eistud-21731	276	26	,	,	PUNCT
eistud-21731	276	27	dresner	dresner	NOUN
eistud-21731	276	28	,	,	PUNCT
eistud-21731	276	29	m.	m.	NOUN
eistud-21731	276	30	(	(	PUNCT
eistud-21731	276	31	2016	2016	NUM
eistud-21731	276	32	)	)	PUNCT
eistud-21731	276	33	.	.	PUNCT
eistud-21731	277	1	mergers	merger	NOUN
eistud-21731	277	2	and	and	CCONJ
eistud-21731	277	3	service	service	NOUN
eistud-21731	277	4	quality	quality	NOUN
eistud-21731	277	5	in	in	ADP
eistud-21731	277	6	the	the	DET
eistud-21731	277	7	airline	airline	NOUN
eistud-21731	277	8	industry	industry	NOUN
eistud-21731	277	9	:	:	PUNCT
eistud-21731	277	10	a	a	DET
eistud-21731	277	11	silver	silver	NOUN
eistud-21731	277	12	lining	lining	NOUN
eistud-21731	277	13	for	for	ADP
eistud-21731	277	14	air	air	NOUN
eistud-21731	277	15	travelers	traveler	NOUN
eistud-21731	277	16	?	?	PUNCT
eistud-21731	278	1	transportation	transportation	NOUN
eistud-21731	278	2	research	research	NOUN
eistud-21731	278	3	part	part	NOUN
eistud-21731	278	4	e	e	NOUN
eistud-21731	278	5	:	:	PUNCT
eistud-21731	278	6	logistics	logistic	NOUN
eistud-21731	278	7	and	and	CCONJ
eistud-21731	278	8	transportation	transportation	NOUN
eistud-21731	278	9	review	review	NOUN
eistud-21731	278	10	,	,	PUNCT
eistud-21731	278	11	volume	volume	NOUN
eistud-21731	278	12	89	89	NUM
eistud-21731	278	13	,	,	PUNCT
eistud-21731	278	14	1	1	NUM
eistud-21731	278	15	-	-	SYM
eistud-21731	278	16	13	13	NUM
eistud-21731	278	17	.	.	PUNCT
eistud-21731	279	1	retrieved	retrieve	VERB
eistud-21731	279	2	from	from	ADP
eistud-21731	279	3	https://	https://	PROPN
eistud-21731	279	4	www.sciencedirect.com/science/article/pii/	www.sciencedirect.com/science/article/pii/	NOUN
eistud-21731	279	5	s1366554515300697	s1366554515300697	ADV
eistud-21731	279	6	https://doi.org/10.1016/j	https://doi.org/10.1016/j	NOUN
eistud-21731	279	7	.	.	PUNCT
eistud-21731	280	1	tre.2016.02.005	tre.2016.02.005	PROPN
eistud-21731	280	2	vallascas	vallascas	PROPN
eistud-21731	280	3	,	,	PUNCT
eistud-21731	280	4	f.	f.	PROPN
eistud-21731	280	5	hagendorff	hagendorff	PROPN
eistud-21731	280	6	,	,	PUNCT
eistud-21731	280	7	j.	j.	PROPN
eistud-21731	280	8	(	(	PUNCT
eistud-21731	280	9	2010	2010	NUM
eistud-21731	280	10	)	)	PUNCT
eistud-21731	280	11	.	.	PUNCT
eistud-21731	281	1	the	the	DET
eistud-21731	281	2	impact	impact	NOUN
eistud-21731	281	3	of	of	ADP
eistud-21731	281	4	european	european	PROPN
eistud-21731	281	5	bank	bank	PROPN
eistud-21731	281	6	mergers	merger	NOUN
eistud-21731	281	7	on	on	ADP
eistud-21731	281	8	bidder	bidder	NOUN
eistud-21731	281	9	default	default	NOUN
eistud-21731	281	10	risk	risk	NOUN
eistud-21731	281	11	.	.	PUNCT
eistud-21731	282	1	journal	journal	NOUN
eistud-21731	282	2	of	of	ADP
eistud-21731	282	3	banking	banking	NOUN
eistud-21731	282	4	&	&	CCONJ
eistud-21731	282	5	finance	finance	PROPN
eistud-21731	282	6	35	35	NUM
eistud-21731	282	7	(	(	PUNCT
eistud-21731	282	8	4	4	NUM
eistud-21731	282	9	)	)	PUNCT
eistud-21731	282	10	,	,	PUNCT
eistud-21731	282	11	902	902	NUM
eistud-21731	282	12	-	-	SYM
eistud-21731	282	13	915	915	NUM
eistud-21731	282	14	.	.	PUNCT
eistud-21731	282	15	retrieved	retrieve	VERB
eistud-21731	282	16	from	from	ADP
eistud-21731	282	17	http://orca.cf.ac.uk/76285/1/mergerdefaultrisk.pdf	http://orca.cf.ac.uk/76285/1/mergerdefaultrisk.pdf	NOUN
eistud-21731	282	18	https://doi.org/10.1016/j.jbankfin.2010.09.001	https://doi.org/10.1016/j.jbankfin.2010.09.001	NOUN
eistud-21731	282	19	warf	warf	PROPN
eistud-21731	282	20	,	,	PUNCT
eistud-21731	282	21	b.	b.	PROPN
eistud-21731	282	22	(	(	PUNCT
eistud-21731	282	23	2003	2003	NUM
eistud-21731	282	24	)	)	PUNCT
eistud-21731	282	25	.	.	PUNCT
eistud-21731	283	1	mergers	merger	NOUN
eistud-21731	283	2	and	and	CCONJ
eistud-21731	283	3	acquisitions	acquisition	NOUN
eistud-21731	283	4	in	in	ADP
eistud-21731	283	5	the	the	DET
eistud-21731	283	6	telecommunications	telecommunications	NOUN
eistud-21731	283	7	industry	industry	NOUN
eistud-21731	283	8	.	.	PUNCT
eistud-21731	284	1	growth	growth	NOUN
eistud-21731	284	2	and	and	CCONJ
eistud-21731	284	3	changevol	changevol	NOUN
eistud-21731	284	4	.	.	PUNCT
eistud-21731	285	1	34	34	NUM
eistud-21731	285	2	no	no	NOUN
eistud-21731	285	3	.	.	NOUN
eistud-21731	286	1	3	3	NUM
eistud-21731	286	2	,	,	PUNCT
eistud-21731	286	3	321	321	NUM
eistud-21731	286	4	-	-	SYM
eistud-21731	286	5	344	344	NUM
eistud-21731	286	6	.	.	PUNCT
eistud-21731	286	7	retrieved	retrieve	VERB
eistud-21731	286	8	from	from	ADP
eistud-21731	286	9	http://onlinelibrary	http://onlinelibrary	PROPN
eistud-21731	286	10	.	.	PUNCT
eistud-21731	287	1	wiley.com/doi/10.1111/1468-2257.00221/epdf	wiley.com/doi/10.1111/1468-2257.00221/epdf	NOUN
eistud-21731	287	2	about	about	ADP
eistud-21731	287	3	the	the	DET
eistud-21731	287	4	authors	author	NOUN
eistud-21731	287	5	jurgita	jurgita	PROPN
eistud-21731	287	6	bruneckienė	bruneckienė	ADJ
eistud-21731	287	7	doctor	doctor	NOUN
eistud-21731	287	8	of	of	ADP
eistud-21731	287	9	social	social	ADJ
eistud-21731	287	10	sciences	science	NOUN
eistud-21731	287	11	(	(	PUNCT
eistud-21731	287	12	economics	economic	NOUN
eistud-21731	287	13	)	)	PUNCT
eistud-21731	287	14	kaunas	kaunas	PROPN
eistud-21731	287	15	university	university	PROPN
eistud-21731	287	16	of	of	ADP
eistud-21731	287	17	technology	technology	NOUN
eistud-21731	287	18	,	,	PUNCT
eistud-21731	287	19	school	school	NOUN
eistud-21731	287	20	of	of	ADP
eistud-21731	287	21	economics	economic	NOUN
eistud-21731	287	22	and	and	CCONJ
eistud-21731	287	23	business	business	NOUN
eistud-21731	287	24	fields	field	NOUN
eistud-21731	287	25	of	of	ADP
eistud-21731	287	26	research	research	NOUN
eistud-21731	287	27	interests	interest	NOUN
eistud-21731	287	28	regional	regional	ADJ
eistud-21731	287	29	economics	economic	NOUN
eistud-21731	287	30	and	and	CCONJ
eistud-21731	287	31	strategic	strategic	ADJ
eistud-21731	287	32	planning	planning	NOUN
eistud-21731	287	33	,	,	PUNCT
eistud-21731	287	34	regional	regional	ADJ
eistud-21731	287	35	and	and	CCONJ
eistud-21731	287	36	urban	urban	ADJ
eistud-21731	287	37	competitiveness	competitiveness	NOUN
eistud-21731	287	38	,	,	PUNCT
eistud-21731	287	39	smart	smart	ADJ
eistud-21731	287	40	economy	economy	NOUN
eistud-21731	287	41	,	,	PUNCT
eistud-21731	287	42	circular	circular	ADJ
eistud-21731	287	43	economy	economy	NOUN
eistud-21731	287	44	,	,	PUNCT
eistud-21731	287	45	damage	damage	NOUN
eistud-21731	287	46	of	of	ADP
eistud-21731	287	47	regional	regional	ADJ
eistud-21731	287	48	and	and	CCONJ
eistud-21731	287	49	urban	urban	ADJ
eistud-21731	287	50	system	system	NOUN
eistud-21731	287	51	suffered	suffer	VERB
eistud-21731	287	52	from	from	ADP
eistud-21731	287	53	economic	economic	ADJ
eistud-21731	287	54	shocks	shock	NOUN
eistud-21731	287	55	,	,	PUNCT
eistud-21731	287	56	cartels	cartel	NOUN
eistud-21731	287	57	address	address	NOUN
eistud-21731	287	58	k.	k.	PROPN
eistud-21731	287	59	donelaicio	donelaicio	PROPN
eistud-21731	287	60	str	str	PROPN
eistud-21731	287	61	.	.	PUNCT
eistud-21731	288	1	73	73	NUM
eistud-21731	288	2	,	,	PUNCT
eistud-21731	288	3	kaunas	kaunas	PROPN
eistud-21731	288	4	,	,	PUNCT
eistud-21731	288	5	lithuania	lithuania	PROPN
eistud-21731	288	6	tel	tel	PROPN
eistud-21731	288	7	.	.	PUNCT
eistud-21731	289	1	+370	+370	NUM
eistud-21731	289	2	37	37	NUM
eistud-21731	289	3	300	300	NUM
eistud-21731	289	4	576	576	NUM
eistud-21731	289	5	e	e	NOUN
eistud-21731	289	6	-	-	NOUN
eistud-21731	289	7	mail	mail	NOUN
eistud-21731	289	8	:	:	PUNCT
eistud-21731	289	9	jurgita.bruneckiene@ktu.lt	jurgita.bruneckiene@ktu.lt	PROPN
eistud-21731	289	10	jonas	jonas	PROPN
eistud-21731	289	11	rapsikevičius	rapsikevičius	PROPN
eistud-21731	289	12	doctoral	doctoral	ADJ
eistud-21731	289	13	student	student	NOUN
eistud-21731	289	14	of	of	ADP
eistud-21731	289	15	social	social	ADJ
eistud-21731	289	16	sciences	science	NOUN
eistud-21731	289	17	(	(	PUNCT
eistud-21731	289	18	economics	economic	NOUN
eistud-21731	289	19	)	)	PUNCT
eistud-21731	289	20	kaunas	kaunas	PROPN
eistud-21731	289	21	university	university	PROPN
eistud-21731	289	22	of	of	ADP
eistud-21731	289	23	technology	technology	NOUN
eistud-21731	289	24	fields	field	NOUN
eistud-21731	289	25	of	of	ADP
eistud-21731	289	26	research	research	NOUN
eistud-21731	289	27	interests	interest	NOUN
eistud-21731	289	28	econometrics	econometric	NOUN
eistud-21731	289	29	,	,	PUNCT
eistud-21731	289	30	financial	financial	ADJ
eistud-21731	289	31	valuation	valuation	NOUN
eistud-21731	289	32	,	,	PUNCT
eistud-21731	289	33	economic	economic	ADJ
eistud-21731	289	34	activity	activity	NOUN
eistud-21731	289	35	valuation	valuation	NOUN
eistud-21731	289	36	,	,	PUNCT
eistud-21731	289	37	effective	effective	ADJ
eistud-21731	289	38	competition	competition	NOUN
eistud-21731	289	39	,	,	PUNCT
eistud-21731	289	40	structural	structural	ADJ
eistud-21731	289	41	economic	economic	ADJ
eistud-21731	289	42	reforms	reform	NOUN
eistud-21731	289	43	,	,	PUNCT
eistud-21731	289	44	economic	economic	ADJ
eistud-21731	289	45	shock	shock	NOUN
eistud-21731	289	46	volatility	volatility	NOUN
eistud-21731	289	47	valuation	valuation	NOUN
eistud-21731	289	48	address	address	NOUN
eistud-21731	289	49	k.	k.	PROPN
eistud-21731	289	50	donelaicio	donelaicio	PROPN
eistud-21731	289	51	str	str	PROPN
eistud-21731	289	52	.	.	PUNCT
eistud-21731	290	1	73	73	NUM
eistud-21731	290	2	,	,	PUNCT
eistud-21731	290	3	kaunas	kaunas	PROPN
eistud-21731	290	4	,	,	PUNCT
eistud-21731	290	5	lithuania	lithuania	PROPN
eistud-21731	290	6	tel	tel	PROPN
eistud-21731	290	7	.	.	PUNCT
eistud-21731	291	1	+370	+370	NUM
eistud-21731	291	2	65	65	NUM
eistud-21731	291	3	036	036	NUM
eistud-21731	291	4	820	820	NUM
eistud-21731	291	5	e	e	NOUN
eistud-21731	291	6	-	-	NOUN
eistud-21731	291	7	mail	mail	NOUN
eistud-21731	291	8	:	:	PUNCT
eistud-21731	291	9	jonas.rapsikevicius@ktu.edu	jonas.rapsikevicius@ktu.edu	NOUN