id	sid	tid	token	lemma	pos
fueconorg-5201	1	1	facta	facta	PROPN
fueconorg-5201	1	2	universitatis	universitatis	PROPN
fueconorg-5201	1	3	series	series	NOUN
fueconorg-5201	1	4	:	:	PUNCT
fueconorg-5201	1	5	economics	economic	NOUN
fueconorg-5201	1	6	and	and	CCONJ
fueconorg-5201	1	7	organization	organization	NOUN
fueconorg-5201	1	8	vol	vol	NOUN
fueconorg-5201	1	9	.	.	PROPN
fueconorg-5201	2	1	16	16	NUM
fueconorg-5201	2	2	,	,	PUNCT
fueconorg-5201	2	3	no	no	DET
fueconorg-5201	2	4	3	3	NUM
fueconorg-5201	2	5	,	,	PUNCT
fueconorg-5201	2	6	2019	2019	NUM
fueconorg-5201	2	7	,	,	PUNCT
fueconorg-5201	2	8	pp	pp	ADJ
fueconorg-5201	2	9	.	.	PUNCT
fueconorg-5201	3	1	299	299	NUM
fueconorg-5201	3	2	314	314	NUM
fueconorg-5201	3	3	https://doi.org/10.22190/fueo1903299z	https://doi.org/10.22190/fueo1903299z	NOUN
fueconorg-5201	3	4	©	©	PROPN
fueconorg-5201	3	5	2019	2019	NUM
fueconorg-5201	3	6	by	by	ADP
fueconorg-5201	3	7	university	university	PROPN
fueconorg-5201	3	8	of	of	ADP
fueconorg-5201	3	9	niš	niš	PROPN
fueconorg-5201	3	10	,	,	PUNCT
fueconorg-5201	3	11	serbia	serbia	PROPN
fueconorg-5201	3	12	|	|	ADV
fueconorg-5201	3	13	creative	creative	ADJ
fueconorg-5201	3	14	commons	common	NOUN
fueconorg-5201	3	15	licence	licence	NOUN
fueconorg-5201	3	16	:	:	PUNCT
fueconorg-5201	3	17	cc	cc	VERB
fueconorg-5201	3	18	by	by	ADP
fueconorg-5201	3	19	-	-	PUNCT
fueconorg-5201	3	20	nc	nc	VERB
fueconorg-5201	3	21	-	-	PUNCT
fueconorg-5201	3	22	nd	nd	ADV
fueconorg-5201	3	23	original	original	ADJ
fueconorg-5201	3	24	scientific	scientific	ADJ
fueconorg-5201	3	25	paper	paper	NOUN
fueconorg-5201	3	26	why	why	SCONJ
fueconorg-5201	3	27	pay	pay	VERB
fueconorg-5201	3	28	more	more	ADJ
fueconorg-5201	3	29	–	–	PUNCT
fueconorg-5201	3	30	world	world	NOUN
fueconorg-5201	3	31	evidence	evidence	NOUN
fueconorg-5201	3	32	on	on	ADP
fueconorg-5201	3	33	m&a	m&a	PROPN
fueconorg-5201	3	34	bid	bid	NOUN
fueconorg-5201	3	35	premium	premium	NOUN
fueconorg-5201	3	36	determinants	determinant	NOUN
fueconorg-5201	3	37	1	1	NUM
fueconorg-5201	3	38	udc	udc	NOUN
fueconorg-5201	3	39	334.75	334.75	NUM
fueconorg-5201	3	40	658.14	658.14	NUM
fueconorg-5201	3	41	milutin	milutin	ADJ
fueconorg-5201	3	42	ţivanović	ţivanović	NOUN
fueconorg-5201	3	43	1	1	NUM
fueconorg-5201	3	44	,	,	PUNCT
fueconorg-5201	3	45	nataša	nataša	ADJ
fueconorg-5201	3	46	dţudović	dţudović	NOUN
fueconorg-5201	3	47	2	2	NUM
fueconorg-5201	3	48	1	1	NUM
fueconorg-5201	3	49	university	university	NOUN
fueconorg-5201	3	50	of	of	ADP
fueconorg-5201	3	51	belgrade	belgrade	PROPN
fueconorg-5201	3	52	faculty	faculty	NOUN
fueconorg-5201	3	53	of	of	ADP
fueconorg-5201	3	54	economics	economic	NOUN
fueconorg-5201	3	55	,	,	PUNCT
fueconorg-5201	3	56	belgrade	belgrade	PROPN
fueconorg-5201	3	57	,	,	PUNCT
fueconorg-5201	3	58	serbia	serbia	PROPN
fueconorg-5201	3	59	2	2	NUM
fueconorg-5201	3	60	efront	efront	NOUN
fueconorg-5201	3	61	,	,	PUNCT
fueconorg-5201	3	62	belgrade	belgrade	PROPN
fueconorg-5201	3	63	,	,	PUNCT
fueconorg-5201	3	64	serbia	serbia	PROPN
fueconorg-5201	3	65	abstract	abstract	ADJ
fueconorg-5201	3	66	.	.	PUNCT
fueconorg-5201	4	1	corporate	corporate	ADJ
fueconorg-5201	4	2	mergers	merger	NOUN
fueconorg-5201	4	3	and	and	CCONJ
fueconorg-5201	4	4	acquisitions	acquisition	NOUN
fueconorg-5201	4	5	represent	represent	VERB
fueconorg-5201	4	6	one	one	NUM
fueconorg-5201	4	7	of	of	ADP
fueconorg-5201	4	8	the	the	DET
fueconorg-5201	4	9	most	most	ADV
fueconorg-5201	4	10	dynamic	dynamic	ADJ
fueconorg-5201	4	11	fields	field	NOUN
fueconorg-5201	4	12	in	in	ADP
fueconorg-5201	4	13	the	the	DET
fueconorg-5201	4	14	world	world	NOUN
fueconorg-5201	4	15	of	of	ADP
fueconorg-5201	4	16	business	business	NOUN
fueconorg-5201	4	17	finance	finance	NOUN
fueconorg-5201	4	18	.	.	PUNCT
fueconorg-5201	5	1	these	these	DET
fueconorg-5201	5	2	remarkably	remarkably	ADV
fueconorg-5201	5	3	complex	complex	ADJ
fueconorg-5201	5	4	transactions	transaction	NOUN
fueconorg-5201	5	5	’	'	PUNCT
fueconorg-5201	5	6	success	success	NOUN
fueconorg-5201	5	7	may	may	AUX
fueconorg-5201	5	8	vary	vary	VERB
fueconorg-5201	5	9	depending	depend	VERB
fueconorg-5201	5	10	on	on	ADP
fueconorg-5201	5	11	the	the	DET
fueconorg-5201	5	12	economic	economic	ADJ
fueconorg-5201	5	13	and	and	CCONJ
fueconorg-5201	5	14	institutional	institutional	ADJ
fueconorg-5201	5	15	environments	environment	NOUN
fueconorg-5201	5	16	in	in	ADP
fueconorg-5201	5	17	which	which	PRON
fueconorg-5201	5	18	the	the	DET
fueconorg-5201	5	19	transactions	transaction	NOUN
fueconorg-5201	5	20	are	be	AUX
fueconorg-5201	5	21	performed	perform	VERB
fueconorg-5201	5	22	.	.	PUNCT
fueconorg-5201	6	1	this	this	DET
fueconorg-5201	6	2	paper	paper	NOUN
fueconorg-5201	6	3	investigates	investigate	VERB
fueconorg-5201	6	4	the	the	DET
fueconorg-5201	6	5	information	information	NOUN
fueconorg-5201	6	6	content	content	NOUN
fueconorg-5201	6	7	of	of	ADP
fueconorg-5201	6	8	the	the	DET
fueconorg-5201	6	9	bid	bid	NOUN
fueconorg-5201	6	10	premium	premium	NOUN
fueconorg-5201	6	11	determined	determine	VERB
fueconorg-5201	6	12	in	in	ADP
fueconorg-5201	6	13	the	the	DET
fueconorg-5201	6	14	m&a	m&a	PROPN
fueconorg-5201	6	15	transactions	transaction	NOUN
fueconorg-5201	6	16	and	and	CCONJ
fueconorg-5201	6	17	focuses	focus	VERB
fueconorg-5201	6	18	on	on	ADP
fueconorg-5201	6	19	the	the	DET
fueconorg-5201	6	20	identification	identification	NOUN
fueconorg-5201	6	21	of	of	ADP
fueconorg-5201	6	22	significant	significant	ADJ
fueconorg-5201	6	23	differences	difference	NOUN
fueconorg-5201	6	24	in	in	ADP
fueconorg-5201	6	25	its	its	PRON
fueconorg-5201	6	26	amount	amount	NOUN
fueconorg-5201	6	27	depending	depend	VERB
fueconorg-5201	6	28	on	on	ADP
fueconorg-5201	6	29	:	:	PUNCT
fueconorg-5201	6	30	(	(	PUNCT
fueconorg-5201	6	31	1	1	X
fueconorg-5201	6	32	)	)	PUNCT
fueconorg-5201	6	33	the	the	DET
fueconorg-5201	6	34	observed	observed	ADJ
fueconorg-5201	6	35	timeframe	timeframe	NOUN
fueconorg-5201	6	36	(	(	PUNCT
fueconorg-5201	6	37	width	width	NOUN
fueconorg-5201	6	38	of	of	ADP
fueconorg-5201	6	39	the	the	DET
fueconorg-5201	6	40	event	event	NOUN
fueconorg-5201	6	41	window	window	NOUN
fueconorg-5201	6	42	observed	observe	VERB
fueconorg-5201	6	43	relative	relative	ADV
fueconorg-5201	6	44	to	to	ADP
fueconorg-5201	6	45	the	the	DET
fueconorg-5201	6	46	moment	moment	NOUN
fueconorg-5201	6	47	of	of	ADP
fueconorg-5201	6	48	the	the	DET
fueconorg-5201	6	49	transaction	transaction	NOUN
fueconorg-5201	6	50	announcement	announcement	NOUN
fueconorg-5201	6	51	)	)	PUNCT
fueconorg-5201	6	52	;	;	PUNCT
fueconorg-5201	6	53	(	(	PUNCT
fueconorg-5201	6	54	2	2	X
fueconorg-5201	6	55	)	)	PUNCT
fueconorg-5201	6	56	current	current	ADJ
fueconorg-5201	6	57	equity	equity	NOUN
fueconorg-5201	6	58	market	market	NOUN
fueconorg-5201	6	59	trends	trend	NOUN
fueconorg-5201	6	60	(	(	PUNCT
fueconorg-5201	6	61	3	3	X
fueconorg-5201	6	62	)	)	PUNCT
fueconorg-5201	6	63	institutional	institutional	ADJ
fueconorg-5201	6	64	environments	environment	NOUN
fueconorg-5201	6	65	and	and	CCONJ
fueconorg-5201	6	66	the	the	DET
fueconorg-5201	6	67	degree	degree	NOUN
fueconorg-5201	6	68	of	of	ADP
fueconorg-5201	6	69	the	the	DET
fueconorg-5201	6	70	economic	economic	ADJ
fueconorg-5201	6	71	development	development	NOUN
fueconorg-5201	6	72	of	of	ADP
fueconorg-5201	6	73	the	the	DET
fueconorg-5201	6	74	countries	country	NOUN
fueconorg-5201	6	75	in	in	ADP
fueconorg-5201	6	76	which	which	PRON
fueconorg-5201	6	77	the	the	DET
fueconorg-5201	6	78	transaction	transaction	NOUN
fueconorg-5201	6	79	participants	participant	NOUN
fueconorg-5201	6	80	operate	operate	VERB
fueconorg-5201	6	81	;	;	PUNCT
fueconorg-5201	6	82	and	and	CCONJ
fueconorg-5201	6	83	(	(	PUNCT
fueconorg-5201	6	84	4	4	X
fueconorg-5201	6	85	)	)	PUNCT
fueconorg-5201	6	86	selected	select	VERB
fueconorg-5201	6	87	payment	payment	NOUN
fueconorg-5201	6	88	method	method	NOUN
fueconorg-5201	6	89	and	and	CCONJ
fueconorg-5201	6	90	motive	motive	VERB
fueconorg-5201	6	91	for	for	ADP
fueconorg-5201	6	92	entering	enter	VERB
fueconorg-5201	6	93	the	the	DET
fueconorg-5201	6	94	transaction	transaction	NOUN
fueconorg-5201	6	95	in	in	ADP
fueconorg-5201	6	96	regard	regard	NOUN
fueconorg-5201	6	97	to	to	ADP
fueconorg-5201	6	98	space	space	NOUN
fueconorg-5201	6	99	and	and	CCONJ
fueconorg-5201	6	100	time	time	NOUN
fueconorg-5201	6	101	dimensions	dimension	NOUN
fueconorg-5201	6	102	of	of	ADP
fueconorg-5201	6	103	bid	bid	NOUN
fueconorg-5201	6	104	premium	premium	NOUN
fueconorg-5201	6	105	.	.	PUNCT
fueconorg-5201	7	1	examining	examine	VERB
fueconorg-5201	7	2	the	the	DET
fueconorg-5201	7	3	sample	sample	NOUN
fueconorg-5201	7	4	of	of	ADP
fueconorg-5201	7	5	783	783	NUM
fueconorg-5201	7	6	merger	merger	NOUN
fueconorg-5201	7	7	and	and	CCONJ
fueconorg-5201	7	8	acquisition	acquisition	NOUN
fueconorg-5201	7	9	transactions	transaction	NOUN
fueconorg-5201	7	10	at	at	ADP
fueconorg-5201	7	11	the	the	DET
fueconorg-5201	7	12	global	global	ADJ
fueconorg-5201	7	13	economy	economy	NOUN
fueconorg-5201	7	14	level	level	NOUN
fueconorg-5201	7	15	,	,	PUNCT
fueconorg-5201	7	16	the	the	DET
fueconorg-5201	7	17	research	research	NOUN
fueconorg-5201	7	18	explores	explore	VERB
fueconorg-5201	7	19	the	the	DET
fueconorg-5201	7	20	importance	importance	NOUN
fueconorg-5201	7	21	and	and	CCONJ
fueconorg-5201	7	22	range	range	NOUN
fueconorg-5201	7	23	of	of	ADP
fueconorg-5201	7	24	time	time	NOUN
fueconorg-5201	7	25	and	and	CCONJ
fueconorg-5201	7	26	space	space	NOUN
fueconorg-5201	7	27	determinants	determinant	NOUN
fueconorg-5201	7	28	of	of	ADP
fueconorg-5201	7	29	bid	bid	NOUN
fueconorg-5201	7	30	premiums	premium	NOUN
fueconorg-5201	7	31	in	in	ADP
fueconorg-5201	7	32	m&a	m&a	PROPN
fueconorg-5201	7	33	transactions	transaction	NOUN
fueconorg-5201	7	34	.	.	PUNCT
fueconorg-5201	8	1	our	our	PRON
fueconorg-5201	8	2	results	result	NOUN
fueconorg-5201	8	3	confirm	confirm	VERB
fueconorg-5201	8	4	that	that	SCONJ
fueconorg-5201	8	5	bid	bid	NOUN
fueconorg-5201	8	6	premium	premium	NOUN
fueconorg-5201	8	7	carries	carry	VERB
fueconorg-5201	8	8	significant	significant	ADJ
fueconorg-5201	8	9	information	information	NOUN
fueconorg-5201	8	10	and	and	CCONJ
fueconorg-5201	8	11	that	that	PRON
fueconorg-5201	8	12	is	be	AUX
fueconorg-5201	8	13	highly	highly	ADV
fueconorg-5201	8	14	dependent	dependent	ADJ
fueconorg-5201	8	15	on	on	ADP
fueconorg-5201	8	16	the	the	DET
fueconorg-5201	8	17	observed	observed	ADJ
fueconorg-5201	8	18	timeframe	timeframe	NOUN
fueconorg-5201	8	19	,	,	PUNCT
fueconorg-5201	8	20	i.e.	i.e.	X
fueconorg-5201	8	21	we	we	PRON
fueconorg-5201	8	22	find	find	VERB
fueconorg-5201	8	23	evidence	evidence	NOUN
fueconorg-5201	8	24	of	of	ADP
fueconorg-5201	8	25	information	information	NOUN
fueconorg-5201	8	26	“	"	PUNCT
fueconorg-5201	8	27	leakage	leakage	NOUN
fueconorg-5201	8	28	”	"	PUNCT
fueconorg-5201	8	29	prior	prior	ADV
fueconorg-5201	8	30	to	to	ADP
fueconorg-5201	8	31	transaction	transaction	NOUN
fueconorg-5201	8	32	announcement	announcement	NOUN
fueconorg-5201	8	33	and	and	CCONJ
fueconorg-5201	8	34	sluggish	sluggish	ADJ
fueconorg-5201	8	35	adaptation	adaptation	NOUN
fueconorg-5201	8	36	to	to	PART
fueconorg-5201	8	37	expected	expect	VERB
fueconorg-5201	8	38	value	value	NOUN
fueconorg-5201	8	39	creation	creation	NOUN
fueconorg-5201	8	40	due	due	ADP
fueconorg-5201	8	41	to	to	ADP
fueconorg-5201	8	42	market	market	NOUN
fueconorg-5201	8	43	characteristics	characteristic	NOUN
fueconorg-5201	8	44	,	,	PUNCT
fueconorg-5201	8	45	level	level	NOUN
fueconorg-5201	8	46	of	of	ADP
fueconorg-5201	8	47	economic	economic	ADJ
fueconorg-5201	8	48	development	development	NOUN
fueconorg-5201	8	49	of	of	ADP
fueconorg-5201	8	50	countries	country	NOUN
fueconorg-5201	8	51	in	in	ADP
fueconorg-5201	8	52	which	which	PRON
fueconorg-5201	8	53	m&as	m&as	NOUN
fueconorg-5201	8	54	are	be	AUX
fueconorg-5201	8	55	operated	operate	VERB
fueconorg-5201	8	56	and	and	CCONJ
fueconorg-5201	8	57	specific	specific	ADJ
fueconorg-5201	8	58	transaction	transaction	NOUN
fueconorg-5201	8	59	characteristics	characteristic	NOUN
fueconorg-5201	8	60	such	such	ADJ
fueconorg-5201	8	61	as	as	ADP
fueconorg-5201	8	62	payment	payment	NOUN
fueconorg-5201	8	63	method	method	NOUN
fueconorg-5201	8	64	and	and	CCONJ
fueconorg-5201	8	65	motive	motive	VERB
fueconorg-5201	8	66	for	for	ADP
fueconorg-5201	8	67	participating	participate	VERB
fueconorg-5201	8	68	in	in	ADP
fueconorg-5201	8	69	such	such	ADJ
fueconorg-5201	8	70	transaction	transaction	NOUN
fueconorg-5201	8	71	.	.	PUNCT
fueconorg-5201	9	1	the	the	DET
fueconorg-5201	9	2	paper	paper	NOUN
fueconorg-5201	9	3	shows	show	VERB
fueconorg-5201	9	4	that	that	SCONJ
fueconorg-5201	9	5	the	the	DET
fueconorg-5201	9	6	results	result	NOUN
fueconorg-5201	9	7	can	can	AUX
fueconorg-5201	9	8	often	often	ADV
fueconorg-5201	9	9	differ	differ	VERB
fueconorg-5201	9	10	depending	depend	VERB
fueconorg-5201	9	11	on	on	ADP
fueconorg-5201	9	12	whether	whether	SCONJ
fueconorg-5201	9	13	the	the	DET
fueconorg-5201	9	14	analysis	analysis	NOUN
fueconorg-5201	9	15	includes	include	VERB
fueconorg-5201	9	16	dominant	dominant	ADJ
fueconorg-5201	9	17	trends	trend	NOUN
fueconorg-5201	9	18	in	in	ADP
fueconorg-5201	9	19	the	the	DET
fueconorg-5201	9	20	most	most	ADV
fueconorg-5201	9	21	important	important	ADJ
fueconorg-5201	9	22	capital	capital	NOUN
fueconorg-5201	9	23	markets	market	NOUN
fueconorg-5201	9	24	.	.	PUNCT
fueconorg-5201	10	1	key	key	ADJ
fueconorg-5201	10	2	words	word	NOUN
fueconorg-5201	10	3	:	:	PUNCT
fueconorg-5201	10	4	mergers	merger	NOUN
fueconorg-5201	10	5	,	,	PUNCT
fueconorg-5201	10	6	acquisitions	acquisition	NOUN
fueconorg-5201	10	7	,	,	PUNCT
fueconorg-5201	10	8	bid	bid	NOUN
fueconorg-5201	10	9	premium	premium	NOUN
fueconorg-5201	10	10	,	,	PUNCT
fueconorg-5201	10	11	market	market	NOUN
fueconorg-5201	10	12	for	for	ADP
fueconorg-5201	10	13	corporate	corporate	ADJ
fueconorg-5201	10	14	control	control	NOUN
fueconorg-5201	10	15	,	,	PUNCT
fueconorg-5201	10	16	institutional	institutional	ADJ
fueconorg-5201	10	17	environment	environment	NOUN
fueconorg-5201	10	18	,	,	PUNCT
fueconorg-5201	10	19	payment	payment	NOUN
fueconorg-5201	10	20	method	method	NOUN
fueconorg-5201	10	21	jel	jel	PROPN
fueconorg-5201	10	22	classification	classification	PROPN
fueconorg-5201	10	23	:	:	PUNCT
fueconorg-5201	10	24	g14	g14	PROPN
fueconorg-5201	10	25	,	,	PUNCT
fueconorg-5201	10	26	g34	g34	PROPN
fueconorg-5201	10	27	received	receive	VERB
fueconorg-5201	10	28	april	april	PROPN
fueconorg-5201	10	29	24	24	NUM
fueconorg-5201	10	30	,	,	PUNCT
fueconorg-5201	10	31	2019	2019	NUM
fueconorg-5201	10	32	/	/	SYM
fueconorg-5201	10	33	revised	revise	VERB
fueconorg-5201	10	34	july	july	PROPN
fueconorg-5201	10	35	01	01	NUM
fueconorg-5201	10	36	,	,	PUNCT
fueconorg-5201	10	37	2019	2019	NUM
fueconorg-5201	10	38	/	/	SYM
fueconorg-5201	10	39	accepted	accept	VERB
fueconorg-5201	10	40	july	july	PROPN
fueconorg-5201	10	41	08	08	NUM
fueconorg-5201	10	42	,	,	PUNCT
fueconorg-5201	10	43	2019	2019	NUM
fueconorg-5201	10	44	corresponding	correspond	VERB
fueconorg-5201	10	45	author	author	NOUN
fueconorg-5201	10	46	:	:	PUNCT
fueconorg-5201	10	47	milutin	milutin	NOUN
fueconorg-5201	10	48	živanović	živanović	PROPN
fueconorg-5201	10	49	university	university	PROPN
fueconorg-5201	10	50	of	of	ADP
fueconorg-5201	10	51	belgrade	belgrade	PROPN
fueconorg-5201	10	52	,	,	PUNCT
fueconorg-5201	10	53	faculty	faculty	NOUN
fueconorg-5201	10	54	of	of	ADP
fueconorg-5201	10	55	economics	economic	NOUN
fueconorg-5201	10	56	,	,	PUNCT
fueconorg-5201	10	57	kamenička	kamenička	NOUN
fueconorg-5201	10	58	6	6	NUM
fueconorg-5201	10	59	,	,	PUNCT
fueconorg-5201	10	60	11000	11000	NUM
fueconorg-5201	10	61	belgrade	belgrade	NOUN
fueconorg-5201	10	62	,	,	PUNCT
fueconorg-5201	10	63	serbia	serbia	PROPN
fueconorg-5201	10	64	e	e	NOUN
fueconorg-5201	10	65	-	-	NOUN
fueconorg-5201	10	66	mail	mail	NOUN
fueconorg-5201	10	67	:	:	PUNCT
fueconorg-5201	10	68	milutinzivanovic@ekof.bg.ac.rs	milutinzivanovic@ekof.bg.ac.rs	NUM
fueconorg-5201	10	69	300	300	NUM
fueconorg-5201	10	70	m.	m.	NOUN
fueconorg-5201	10	71	živanović	živanović	NOUN
fueconorg-5201	10	72	,	,	PUNCT
fueconorg-5201	10	73	n.	n.	NOUN
fueconorg-5201	10	74	džudović	džudović	VERB
fueconorg-5201	10	75	1	1	NUM
fueconorg-5201	10	76	.	.	PUNCT
fueconorg-5201	11	1	introduction	introduction	NOUN
fueconorg-5201	11	2	rarely	rarely	ADV
fueconorg-5201	11	3	does	do	VERB
fueconorg-5201	11	4	an	an	DET
fueconorg-5201	11	5	issue	issue	NOUN
fueconorg-5201	11	6	in	in	ADP
fueconorg-5201	11	7	the	the	DET
fueconorg-5201	11	8	area	area	NOUN
fueconorg-5201	11	9	of	of	ADP
fueconorg-5201	11	10	corporate	corporate	ADJ
fueconorg-5201	11	11	finance	finance	NOUN
fueconorg-5201	11	12	attracts	attract	VERB
fueconorg-5201	11	13	so	so	ADV
fueconorg-5201	11	14	much	much	ADJ
fueconorg-5201	11	15	continuous	continuous	ADJ
fueconorg-5201	11	16	attention	attention	NOUN
fueconorg-5201	11	17	and	and	CCONJ
fueconorg-5201	11	18	interest	interest	NOUN
fueconorg-5201	11	19	as	as	SCONJ
fueconorg-5201	11	20	does	do	VERB
fueconorg-5201	11	21	the	the	DET
fueconorg-5201	11	22	matter	matter	NOUN
fueconorg-5201	11	23	of	of	ADP
fueconorg-5201	11	24	mergers	merger	NOUN
fueconorg-5201	11	25	and	and	CCONJ
fueconorg-5201	11	26	acquisitions	acquisition	NOUN
fueconorg-5201	11	27	(	(	PUNCT
fueconorg-5201	11	28	“	"	PUNCT
fueconorg-5201	11	29	m&as	m&as	NOUN
fueconorg-5201	11	30	”	"	PUNCT
fueconorg-5201	11	31	)	)	PUNCT
fueconorg-5201	11	32	.	.	PUNCT
fueconorg-5201	12	1	in	in	ADP
fueconorg-5201	12	2	both	both	CCONJ
fueconorg-5201	12	3	academic	academic	ADJ
fueconorg-5201	12	4	and	and	CCONJ
fueconorg-5201	12	5	business	business	NOUN
fueconorg-5201	12	6	circles	circle	NOUN
fueconorg-5201	12	7	debates	debate	NOUN
fueconorg-5201	12	8	are	be	AUX
fueconorg-5201	12	9	constantly	constantly	ADV
fueconorg-5201	12	10	held	hold	VERB
fueconorg-5201	12	11	on	on	ADP
fueconorg-5201	12	12	the	the	DET
fueconorg-5201	12	13	underlying	underlie	VERB
fueconorg-5201	12	14	motives	motive	NOUN
fueconorg-5201	12	15	for	for	ADP
fueconorg-5201	12	16	such	such	ADJ
fueconorg-5201	12	17	transactions	transaction	NOUN
fueconorg-5201	12	18	and	and	CCONJ
fueconorg-5201	12	19	whether	whether	SCONJ
fueconorg-5201	12	20	they	they	PRON
fueconorg-5201	12	21	are	be	AUX
fueconorg-5201	12	22	justified	justified	ADJ
fueconorg-5201	12	23	,	,	PUNCT
fueconorg-5201	12	24	whether	whether	SCONJ
fueconorg-5201	12	25	the	the	DET
fueconorg-5201	12	26	amounts	amount	NOUN
fueconorg-5201	12	27	paid	pay	VERB
fueconorg-5201	12	28	are	be	AUX
fueconorg-5201	12	29	adequate	adequate	ADJ
fueconorg-5201	12	30	,	,	PUNCT
fueconorg-5201	12	31	who	who	PRON
fueconorg-5201	12	32	wins	win	VERB
fueconorg-5201	12	33	and	and	CCONJ
fueconorg-5201	12	34	who	who	PRON
fueconorg-5201	12	35	loses	lose	VERB
fueconorg-5201	12	36	and	and	CCONJ
fueconorg-5201	12	37	what	what	DET
fueconorg-5201	12	38	information	information	NOUN
fueconorg-5201	12	39	regarding	regard	VERB
fueconorg-5201	12	40	a	a	DET
fueconorg-5201	12	41	particular	particular	ADJ
fueconorg-5201	12	42	m&a	m&a	NOUN
fueconorg-5201	12	43	may	may	AUX
fueconorg-5201	12	44	be	be	AUX
fueconorg-5201	12	45	revealed	reveal	VERB
fueconorg-5201	12	46	from	from	ADP
fueconorg-5201	12	47	the	the	DET
fueconorg-5201	12	48	response	response	NOUN
fueconorg-5201	12	49	of	of	ADP
fueconorg-5201	12	50	the	the	DET
fueconorg-5201	12	51	market	market	NOUN
fueconorg-5201	12	52	prices	price	NOUN
fueconorg-5201	12	53	to	to	ADP
fueconorg-5201	12	54	the	the	DET
fueconorg-5201	12	55	m&a	m&a	PROPN
fueconorg-5201	12	56	announcement	announcement	NOUN
fueconorg-5201	12	57	.	.	PUNCT
fueconorg-5201	13	1	a	a	DET
fueconorg-5201	13	2	particularly	particularly	ADV
fueconorg-5201	13	3	interesting	interesting	ADJ
fueconorg-5201	13	4	series	series	NOUN
fueconorg-5201	13	5	of	of	ADP
fueconorg-5201	13	6	questions	question	NOUN
fueconorg-5201	13	7	arise	arise	VERB
fueconorg-5201	13	8	upon	upon	SCONJ
fueconorg-5201	13	9	analysis	analysis	NOUN
fueconorg-5201	13	10	of	of	ADP
fueconorg-5201	13	11	the	the	DET
fueconorg-5201	13	12	phenomenon	phenomenon	NOUN
fueconorg-5201	13	13	of	of	ADP
fueconorg-5201	13	14	information	information	NOUN
fueconorg-5201	13	15	“	"	PUNCT
fueconorg-5201	13	16	leakage	leakage	NOUN
fueconorg-5201	13	17	”	"	PUNCT
fueconorg-5201	13	18	into	into	ADP
fueconorg-5201	13	19	the	the	DET
fueconorg-5201	13	20	market	market	NOUN
fueconorg-5201	13	21	prior	prior	ADV
fueconorg-5201	13	22	to	to	ADP
fueconorg-5201	13	23	the	the	DET
fueconorg-5201	13	24	official	official	ADJ
fueconorg-5201	13	25	m&a	m&a	PROPN
fueconorg-5201	13	26	announcement	announcement	NOUN
fueconorg-5201	13	27	as	as	ADV
fueconorg-5201	13	28	well	well	ADV
fueconorg-5201	13	29	as	as	ADP
fueconorg-5201	13	30	whether	whether	SCONJ
fueconorg-5201	13	31	the	the	DET
fueconorg-5201	13	32	market	market	NOUN
fueconorg-5201	13	33	perceives	perceive	VERB
fueconorg-5201	13	34	the	the	DET
fueconorg-5201	13	35	price	price	NOUN
fueconorg-5201	13	36	offered	offer	VERB
fueconorg-5201	13	37	for	for	ADP
fueconorg-5201	13	38	the	the	DET
fueconorg-5201	13	39	target	target	NOUN
fueconorg-5201	13	40	’s	’s	PART
fueconorg-5201	13	41	shares	share	NOUN
fueconorg-5201	13	42	as	as	ADP
fueconorg-5201	13	43	realistic	realistic	ADJ
fueconorg-5201	13	44	.	.	PUNCT
fueconorg-5201	14	1	however	however	ADV
fueconorg-5201	14	2	,	,	PUNCT
fueconorg-5201	14	3	the	the	DET
fueconorg-5201	14	4	question	question	NOUN
fueconorg-5201	14	5	of	of	ADP
fueconorg-5201	14	6	all	all	DET
fueconorg-5201	14	7	questions	question	NOUN
fueconorg-5201	14	8	is	be	AUX
fueconorg-5201	14	9	why	why	SCONJ
fueconorg-5201	14	10	the	the	DET
fueconorg-5201	14	11	market	market	NOUN
fueconorg-5201	14	12	is	be	AUX
fueconorg-5201	14	13	so	so	ADV
fueconorg-5201	14	14	skeptical	skeptical	ADJ
fueconorg-5201	14	15	and	and	CCONJ
fueconorg-5201	14	16	strict	strict	ADJ
fueconorg-5201	14	17	in	in	ADP
fueconorg-5201	14	18	anticipation	anticipation	NOUN
fueconorg-5201	14	19	of	of	ADP
fueconorg-5201	14	20	the	the	DET
fueconorg-5201	14	21	successfulness	successfulness	NOUN
fueconorg-5201	14	22	of	of	ADP
fueconorg-5201	14	23	those	those	DET
fueconorg-5201	14	24	transactions	transaction	NOUN
fueconorg-5201	14	25	.	.	PUNCT
fueconorg-5201	15	1	what	what	PRON
fueconorg-5201	15	2	is	be	AUX
fueconorg-5201	15	3	substantially	substantially	ADV
fueconorg-5201	15	4	typical	typical	ADJ
fueconorg-5201	15	5	of	of	ADP
fueconorg-5201	15	6	the	the	DET
fueconorg-5201	15	7	largest	large	ADJ
fueconorg-5201	15	8	number	number	NOUN
fueconorg-5201	15	9	of	of	ADP
fueconorg-5201	15	10	m&as	m&as	PROPN
fueconorg-5201	15	11	is	be	AUX
fueconorg-5201	15	12	payment	payment	NOUN
fueconorg-5201	15	13	of	of	ADP
fueconorg-5201	15	14	an	an	DET
fueconorg-5201	15	15	acquisition	acquisition	NOUN
fueconorg-5201	15	16	premium	premium	NOUN
fueconorg-5201	15	17	(	(	PUNCT
fueconorg-5201	15	18	the	the	DET
fueconorg-5201	15	19	so	so	ADV
fueconorg-5201	15	20	-	-	PUNCT
fueconorg-5201	15	21	called	call	VERB
fueconorg-5201	15	22	bid	bid	NOUN
fueconorg-5201	15	23	premium	premium	NOUN
fueconorg-5201	15	24	)	)	PUNCT
fueconorg-5201	15	25	,	,	PUNCT
fueconorg-5201	15	26	which	which	PRON
fueconorg-5201	15	27	is	be	AUX
fueconorg-5201	15	28	the	the	DET
fueconorg-5201	15	29	difference	difference	NOUN
fueconorg-5201	15	30	between	between	ADP
fueconorg-5201	15	31	the	the	DET
fueconorg-5201	15	32	price	price	NOUN
fueconorg-5201	15	33	offered	offer	VERB
fueconorg-5201	15	34	by	by	ADP
fueconorg-5201	15	35	the	the	DET
fueconorg-5201	15	36	bidder	bidder	NOUN
fueconorg-5201	15	37	and	and	CCONJ
fueconorg-5201	15	38	the	the	DET
fueconorg-5201	15	39	currently	currently	ADV
fueconorg-5201	15	40	trading	trading	NOUN
fueconorg-5201	15	41	price	price	NOUN
fueconorg-5201	15	42	of	of	ADP
fueconorg-5201	15	43	the	the	DET
fueconorg-5201	15	44	target	target	NOUN
fueconorg-5201	15	45	’s	’s	PART
fueconorg-5201	15	46	shares	share	NOUN
fueconorg-5201	15	47	.	.	PUNCT
fueconorg-5201	16	1	the	the	DET
fueconorg-5201	16	2	empirical	empirical	ADJ
fueconorg-5201	16	3	research	research	NOUN
fueconorg-5201	16	4	suggest	suggest	VERB
fueconorg-5201	16	5	that	that	SCONJ
fueconorg-5201	16	6	the	the	DET
fueconorg-5201	16	7	average	average	ADJ
fueconorg-5201	16	8	bid	bid	NOUN
fueconorg-5201	16	9	premium	premium	NOUN
fueconorg-5201	16	10	ranges	range	VERB
fueconorg-5201	16	11	between	between	ADP
fueconorg-5201	16	12	20	20	NUM
fueconorg-5201	16	13	%	%	NOUN
fueconorg-5201	16	14	and	and	CCONJ
fueconorg-5201	16	15	40	40	NUM
fueconorg-5201	16	16	%	%	NOUN
fueconorg-5201	16	17	(	(	PUNCT
fueconorg-5201	16	18	goergen	goergen	PROPN
fueconorg-5201	16	19	&	&	CCONJ
fueconorg-5201	16	20	renneboog	renneboog	NOUN
fueconorg-5201	16	21	,	,	PUNCT
fueconorg-5201	16	22	2004	2004	NUM
fueconorg-5201	16	23	)	)	PUNCT
fueconorg-5201	16	24	.	.	PUNCT
fueconorg-5201	17	1	the	the	DET
fueconorg-5201	17	2	premiums	premium	NOUN
fueconorg-5201	17	3	offered	offer	VERB
fueconorg-5201	17	4	by	by	ADP
fueconorg-5201	17	5	bidder	bidder	NOUN
fueconorg-5201	17	6	to	to	PART
fueconorg-5201	17	7	take	take	VERB
fueconorg-5201	17	8	over	over	ADP
fueconorg-5201	17	9	control	control	NOUN
fueconorg-5201	17	10	over	over	ADP
fueconorg-5201	17	11	the	the	DET
fueconorg-5201	17	12	target	target	NOUN
fueconorg-5201	17	13	significantly	significantly	ADV
fueconorg-5201	17	14	raise	raise	VERB
fueconorg-5201	17	15	the	the	DET
fueconorg-5201	17	16	market	market	NOUN
fueconorg-5201	17	17	expectations	expectation	NOUN
fueconorg-5201	17	18	and	and	CCONJ
fueconorg-5201	17	19	make	make	VERB
fueconorg-5201	17	20	the	the	DET
fueconorg-5201	17	21	market	market	NOUN
fueconorg-5201	17	22	more	more	ADV
fueconorg-5201	17	23	rigid	rigid	ADJ
fueconorg-5201	17	24	in	in	ADP
fueconorg-5201	17	25	comparison	comparison	NOUN
fueconorg-5201	17	26	to	to	ADP
fueconorg-5201	17	27	some	some	DET
fueconorg-5201	17	28	other	other	ADJ
fueconorg-5201	17	29	transaction	transaction	NOUN
fueconorg-5201	17	30	types	type	NOUN
fueconorg-5201	17	31	.	.	PUNCT
fueconorg-5201	18	1	in	in	ADP
fueconorg-5201	18	2	fact	fact	NOUN
fueconorg-5201	18	3	,	,	PUNCT
fueconorg-5201	18	4	when	when	SCONJ
fueconorg-5201	18	5	a	a	DET
fueconorg-5201	18	6	bidder	bidder	NOUN
fueconorg-5201	18	7	offers	offer	VERB
fueconorg-5201	18	8	a	a	DET
fueconorg-5201	18	9	price	price	NOUN
fueconorg-5201	18	10	above	above	ADP
fueconorg-5201	18	11	the	the	DET
fueconorg-5201	18	12	target	target	NOUN
fueconorg-5201	18	13	’s	’s	PART
fueconorg-5201	18	14	share	share	NOUN
fueconorg-5201	18	15	price	price	NOUN
fueconorg-5201	18	16	,	,	PUNCT
fueconorg-5201	18	17	the	the	DET
fueconorg-5201	18	18	bidder	bidder	NOUN
fueconorg-5201	18	19	must	must	AUX
fueconorg-5201	18	20	justify	justify	VERB
fueconorg-5201	18	21	the	the	DET
fueconorg-5201	18	22	premium	premium	NOUN
fueconorg-5201	18	23	paid	pay	VERB
fueconorg-5201	18	24	through	through	ADP
fueconorg-5201	18	25	the	the	DET
fueconorg-5201	18	26	post	post	ADJ
fueconorg-5201	18	27	-	-	ADJ
fueconorg-5201	18	28	transaction	transaction	ADJ
fueconorg-5201	18	29	integration	integration	NOUN
fueconorg-5201	18	30	,	,	PUNCT
fueconorg-5201	18	31	through	through	ADP
fueconorg-5201	18	32	exceeding	exceed	VERB
fueconorg-5201	18	33	the	the	DET
fueconorg-5201	18	34	market	market	NOUN
fueconorg-5201	18	35	expectations	expectation	NOUN
fueconorg-5201	18	36	and	and	CCONJ
fueconorg-5201	18	37	doing	do	VERB
fueconorg-5201	18	38	something	something	PRON
fueconorg-5201	18	39	that	that	PRON
fueconorg-5201	18	40	the	the	DET
fueconorg-5201	18	41	target	target	NOUN
fueconorg-5201	18	42	was	be	AUX
fueconorg-5201	18	43	unable	unable	ADJ
fueconorg-5201	18	44	to	to	PART
fueconorg-5201	18	45	do	do	VERB
fueconorg-5201	18	46	on	on	ADP
fueconorg-5201	18	47	its	its	PRON
fueconorg-5201	18	48	own	own	ADJ
fueconorg-5201	18	49	.	.	PUNCT
fueconorg-5201	19	1	this	this	PRON
fueconorg-5201	19	2	exclusively	exclusively	ADV
fueconorg-5201	19	3	relates	relate	VERB
fueconorg-5201	19	4	to	to	ADP
fueconorg-5201	19	5	the	the	DET
fueconorg-5201	19	6	synergy	synergy	NOUN
fueconorg-5201	19	7	effects	effect	NOUN
fueconorg-5201	19	8	.	.	PUNCT
fueconorg-5201	20	1	so	so	ADV
fueconorg-5201	20	2	,	,	PUNCT
fueconorg-5201	20	3	the	the	DET
fueconorg-5201	20	4	market	market	NOUN
fueconorg-5201	20	5	is	be	AUX
fueconorg-5201	20	6	strict	strict	ADJ
fueconorg-5201	20	7	and	and	CCONJ
fueconorg-5201	20	8	skeptical	skeptical	ADJ
fueconorg-5201	20	9	about	about	ADP
fueconorg-5201	20	10	m&a	m&a	PROPN
fueconorg-5201	20	11	transaction	transaction	NOUN
fueconorg-5201	20	12	success	success	NOUN
fueconorg-5201	20	13	,	,	PUNCT
fueconorg-5201	20	14	primarily	primarily	ADV
fueconorg-5201	20	15	because	because	SCONJ
fueconorg-5201	20	16	the	the	DET
fueconorg-5201	20	17	investors	investor	NOUN
fueconorg-5201	20	18	are	be	AUX
fueconorg-5201	20	19	skeptical	skeptical	ADJ
fueconorg-5201	20	20	whether	whether	SCONJ
fueconorg-5201	20	21	the	the	DET
fueconorg-5201	20	22	bidder	bidder	NOUN
fueconorg-5201	20	23	will	will	AUX
fueconorg-5201	20	24	be	be	AUX
fueconorg-5201	20	25	able	able	ADJ
fueconorg-5201	20	26	to	to	PART
fueconorg-5201	20	27	firstly	firstly	ADV
fueconorg-5201	20	28	conserve	conserve	VERB
fueconorg-5201	20	29	the	the	DET
fueconorg-5201	20	30	value	value	NOUN
fueconorg-5201	20	31	created	create	VERB
fueconorg-5201	20	32	within	within	ADP
fueconorg-5201	20	33	the	the	DET
fueconorg-5201	20	34	target	target	NOUN
fueconorg-5201	20	35	prior	prior	ADV
fueconorg-5201	20	36	to	to	ADP
fueconorg-5201	20	37	the	the	DET
fueconorg-5201	20	38	transaction	transaction	NOUN
fueconorg-5201	20	39	,	,	PUNCT
fueconorg-5201	20	40	and	and	CCONJ
fueconorg-5201	20	41	on	on	ADP
fueconorg-5201	20	42	top	top	NOUN
fueconorg-5201	20	43	of	of	ADP
fueconorg-5201	20	44	that	that	PRON
fueconorg-5201	20	45	,	,	PUNCT
fueconorg-5201	20	46	succeed	succeed	VERB
fueconorg-5201	20	47	in	in	ADP
fueconorg-5201	20	48	creating	create	VERB
fueconorg-5201	20	49	the	the	DET
fueconorg-5201	20	50	expected	expect	VERB
fueconorg-5201	20	51	synergy	synergy	NOUN
fueconorg-5201	20	52	effects	effect	NOUN
fueconorg-5201	20	53	(	(	PUNCT
fueconorg-5201	20	54	sirower	sirower	NOUN
fueconorg-5201	20	55	&	&	CCONJ
fueconorg-5201	20	56	sahni	sahni	PROPN
fueconorg-5201	20	57	,	,	PUNCT
fueconorg-5201	20	58	2006	2006	NUM
fueconorg-5201	20	59	)	)	PUNCT
fueconorg-5201	20	60	.	.	PUNCT
fueconorg-5201	21	1	now	now	ADV
fueconorg-5201	21	2	that	that	SCONJ
fueconorg-5201	21	3	we	we	PRON
fueconorg-5201	21	4	have	have	AUX
fueconorg-5201	21	5	considered	consider	VERB
fueconorg-5201	21	6	the	the	DET
fueconorg-5201	21	7	main	main	ADJ
fueconorg-5201	21	8	reasons	reason	NOUN
fueconorg-5201	21	9	for	for	ADP
fueconorg-5201	21	10	the	the	DET
fueconorg-5201	21	11	market	market	NOUN
fueconorg-5201	21	12	’s	’s	PART
fueconorg-5201	21	13	caution	caution	NOUN
fueconorg-5201	21	14	about	about	ADP
fueconorg-5201	21	15	m&a	m&a	PROPN
fueconorg-5201	21	16	transactions	transaction	NOUN
fueconorg-5201	21	17	,	,	PUNCT
fueconorg-5201	21	18	let	let	VERB
fueconorg-5201	21	19	us	we	PRON
fueconorg-5201	21	20	state	state	VERB
fueconorg-5201	21	21	here	here	ADV
fueconorg-5201	21	22	that	that	SCONJ
fueconorg-5201	21	23	different	different	ADJ
fueconorg-5201	21	24	theories	theory	NOUN
fueconorg-5201	21	25	address	address	VERB
fueconorg-5201	21	26	different	different	ADJ
fueconorg-5201	21	27	determinants	determinant	NOUN
fueconorg-5201	21	28	of	of	ADP
fueconorg-5201	21	29	m&a	m&a	PROPN
fueconorg-5201	21	30	transaction	transaction	NOUN
fueconorg-5201	21	31	successfulness	successfulness	NOUN
fueconorg-5201	21	32	.	.	PUNCT
fueconorg-5201	22	1	for	for	ADP
fueconorg-5201	22	2	instance	instance	NOUN
fueconorg-5201	22	3	,	,	PUNCT
fueconorg-5201	22	4	upon	upon	SCONJ
fueconorg-5201	22	5	identification	identification	NOUN
fueconorg-5201	22	6	of	of	ADP
fueconorg-5201	22	7	determinants	determinant	NOUN
fueconorg-5201	22	8	for	for	ADP
fueconorg-5201	22	9	the	the	DET
fueconorg-5201	22	10	bid	bid	NOUN
fueconorg-5201	22	11	premiums	premium	NOUN
fueconorg-5201	22	12	in	in	ADP
fueconorg-5201	22	13	international	international	ADJ
fueconorg-5201	22	14	m&as	m&as	NOUN
fueconorg-5201	22	15	,	,	PUNCT
fueconorg-5201	22	16	the	the	DET
fueconorg-5201	22	17	classical	classical	ADJ
fueconorg-5201	22	18	m&a	m&a	PROPN
fueconorg-5201	22	19	theory	theory	NOUN
fueconorg-5201	22	20	focuses	focus	VERB
fueconorg-5201	22	21	on	on	ADP
fueconorg-5201	22	22	the	the	DET
fueconorg-5201	22	23	factors	factor	NOUN
fueconorg-5201	22	24	such	such	ADJ
fueconorg-5201	22	25	as	as	ADP
fueconorg-5201	22	26	risk	risk	NOUN
fueconorg-5201	22	27	diversification	diversification	NOUN
fueconorg-5201	22	28	,	,	PUNCT
fueconorg-5201	22	29	increased	increase	VERB
fueconorg-5201	22	30	operational	operational	ADJ
fueconorg-5201	22	31	effectiveness	effectiveness	NOUN
fueconorg-5201	22	32	and	and	CCONJ
fueconorg-5201	22	33	change	change	NOUN
fueconorg-5201	22	34	in	in	ADP
fueconorg-5201	22	35	the	the	DET
fueconorg-5201	22	36	market	market	NOUN
fueconorg-5201	22	37	power	power	NOUN
fueconorg-5201	22	38	.	.	PUNCT
fueconorg-5201	23	1	on	on	ADP
fueconorg-5201	23	2	the	the	DET
fueconorg-5201	23	3	other	other	ADJ
fueconorg-5201	23	4	hand	hand	NOUN
fueconorg-5201	23	5	,	,	PUNCT
fueconorg-5201	23	6	the	the	DET
fueconorg-5201	23	7	neoclassical	neoclassical	ADJ
fueconorg-5201	23	8	theory	theory	NOUN
fueconorg-5201	23	9	emphasizes	emphasize	VERB
fueconorg-5201	23	10	changes	change	NOUN
fueconorg-5201	23	11	in	in	ADP
fueconorg-5201	23	12	the	the	DET
fueconorg-5201	23	13	shareholder	shareholder	NOUN
fueconorg-5201	23	14	rights	right	NOUN
fueconorg-5201	23	15	and	and	CCONJ
fueconorg-5201	23	16	changes	change	NOUN
fueconorg-5201	23	17	in	in	ADP
fueconorg-5201	23	18	the	the	DET
fueconorg-5201	23	19	features	feature	NOUN
fueconorg-5201	23	20	of	of	ADP
fueconorg-5201	23	21	the	the	DET
fueconorg-5201	23	22	corporate	corporate	ADJ
fueconorg-5201	23	23	governance	governance	NOUN
fueconorg-5201	23	24	resulting	result	VERB
fueconorg-5201	23	25	from	from	ADP
fueconorg-5201	23	26	the	the	DET
fueconorg-5201	23	27	bidder	bidder	NOUN
fueconorg-5201	23	28	and	and	CCONJ
fueconorg-5201	23	29	the	the	DET
fueconorg-5201	23	30	target	target	NOUN
fueconorg-5201	23	31	operating	operate	VERB
fueconorg-5201	23	32	in	in	ADP
fueconorg-5201	23	33	different	different	ADJ
fueconorg-5201	23	34	institutional	institutional	ADJ
fueconorg-5201	23	35	environments	environment	NOUN
fueconorg-5201	23	36	(	(	PUNCT
fueconorg-5201	23	37	bhagat	bhagat	PROPN
fueconorg-5201	23	38	,	,	PUNCT
fueconorg-5201	23	39	malhotra	malhotra	PROPN
fueconorg-5201	23	40	&	&	CCONJ
fueconorg-5201	23	41	zhu	zhu	PROPN
fueconorg-5201	23	42	,	,	PUNCT
fueconorg-5201	23	43	2011	2011	NUM
fueconorg-5201	23	44	)	)	PUNCT
fueconorg-5201	23	45	.	.	PUNCT
fueconorg-5201	24	1	xie	xie	PROPN
fueconorg-5201	24	2	et	et	PROPN
fueconorg-5201	24	3	al	al	PROPN
fueconorg-5201	24	4	.	.	PROPN
fueconorg-5201	25	1	(	(	PUNCT
fueconorg-5201	25	2	2017	2017	NUM
fueconorg-5201	25	3	)	)	PUNCT
fueconorg-5201	25	4	find	find	VERB
fueconorg-5201	25	5	that	that	SCONJ
fueconorg-5201	25	6	“	"	PUNCT
fueconorg-5201	25	7	institutional	institutional	ADJ
fueconorg-5201	25	8	and	and	CCONJ
fueconorg-5201	25	9	regulatory	regulatory	ADJ
fueconorg-5201	25	10	framework	framework	NOUN
fueconorg-5201	25	11	,	,	PUNCT
fueconorg-5201	25	12	tax	tax	NOUN
fueconorg-5201	25	13	provisions	provision	NOUN
fueconorg-5201	25	14	,	,	PUNCT
fueconorg-5201	25	15	economic	economic	ADJ
fueconorg-5201	25	16	performance	performance	NOUN
fueconorg-5201	25	17	,	,	PUNCT
fueconorg-5201	25	18	financial	financial	ADJ
fueconorg-5201	25	19	markets	market	NOUN
fueconorg-5201	25	20	development	development	NOUN
fueconorg-5201	25	21	,	,	PUNCT
fueconorg-5201	25	22	investor	investor	NOUN
fueconorg-5201	25	23	protection	protection	NOUN
fueconorg-5201	25	24	,	,	PUNCT
fueconorg-5201	25	25	geographical	geographical	ADJ
fueconorg-5201	25	26	setting	setting	NOUN
fueconorg-5201	25	27	and	and	CCONJ
fueconorg-5201	25	28	cultural	cultural	ADJ
fueconorg-5201	25	29	factors	factor	NOUN
fueconorg-5201	25	30	have	have	VERB
fueconorg-5201	25	31	differential	differential	ADJ
fueconorg-5201	25	32	effects	effect	NOUN
fueconorg-5201	25	33	on	on	ADP
fueconorg-5201	25	34	the	the	DET
fueconorg-5201	25	35	inward	inward	NOUN
fueconorg-5201	25	36	and	and	CCONJ
fueconorg-5201	25	37	outward	outward	VERB
fueconorg-5201	25	38	capital	capital	NOUN
fueconorg-5201	25	39	flows	flow	NOUN
fueconorg-5201	25	40	”	"	PUNCT
fueconorg-5201	25	41	.	.	PUNCT
fueconorg-5201	26	1	further	far	ADV
fueconorg-5201	26	2	,	,	PUNCT
fueconorg-5201	26	3	they	they	PRON
fueconorg-5201	26	4	find	find	VERB
fueconorg-5201	26	5	that	that	SCONJ
fueconorg-5201	26	6	“	"	PUNCT
fueconorg-5201	26	7	institutional	institutional	ADJ
fueconorg-5201	26	8	dichotomous	dichotomous	ADJ
fueconorg-5201	26	9	issues	issue	NOUN
fueconorg-5201	26	10	like	like	ADP
fueconorg-5201	26	11	the	the	DET
fueconorg-5201	26	12	ruling	rule	VERB
fueconorg-5201	26	13	political	political	ADJ
fueconorg-5201	26	14	party	party	NOUN
fueconorg-5201	26	15	influence	influence	NOUN
fueconorg-5201	26	16	,	,	PUNCT
fueconorg-5201	26	17	government	government	NOUN
fueconorg-5201	26	18	intervention	intervention	NOUN
fueconorg-5201	26	19	,	,	PUNCT
fueconorg-5201	26	20	higher	high	ADJ
fueconorg-5201	26	21	levels	level	NOUN
fueconorg-5201	26	22	of	of	ADP
fueconorg-5201	26	23	corruption	corruption	NOUN
fueconorg-5201	26	24	,	,	PUNCT
fueconorg-5201	26	25	and	and	CCONJ
fueconorg-5201	26	26	erratic	erratic	ADJ
fueconorg-5201	26	27	behavior	behavior	NOUN
fueconorg-5201	26	28	of	of	ADP
fueconorg-5201	26	29	bureaucracy	bureaucracy	NOUN
fueconorg-5201	26	30	have	have	VERB
fueconorg-5201	26	31	detrimental	detrimental	ADJ
fueconorg-5201	26	32	effects	effect	NOUN
fueconorg-5201	26	33	on	on	ADP
fueconorg-5201	26	34	the	the	DET
fueconorg-5201	26	35	completion	completion	NOUN
fueconorg-5201	26	36	likelihood	likelihood	NOUN
fueconorg-5201	26	37	of	of	ADP
fueconorg-5201	26	38	publicly	publicly	ADV
fueconorg-5201	26	39	announced	announce	VERB
fueconorg-5201	26	40	acquisition	acquisition	NOUN
fueconorg-5201	26	41	transactions	transaction	NOUN
fueconorg-5201	26	42	”	"	PUNCT
fueconorg-5201	26	43	.	.	PUNCT
fueconorg-5201	27	1	what	what	PRON
fueconorg-5201	27	2	makes	make	VERB
fueconorg-5201	27	3	the	the	DET
fueconorg-5201	27	4	field	field	NOUN
fueconorg-5201	27	5	of	of	ADP
fueconorg-5201	27	6	mergers	merger	NOUN
fueconorg-5201	27	7	and	and	CCONJ
fueconorg-5201	27	8	acquisitions	acquisition	NOUN
fueconorg-5201	27	9	dynamic	dynamic	ADJ
fueconorg-5201	27	10	and	and	CCONJ
fueconorg-5201	27	11	vibrant	vibrant	ADJ
fueconorg-5201	27	12	at	at	ADP
fueconorg-5201	27	13	all	all	DET
fueconorg-5201	27	14	times	time	NOUN
fueconorg-5201	27	15	is	be	AUX
fueconorg-5201	27	16	the	the	DET
fueconorg-5201	27	17	fact	fact	NOUN
fueconorg-5201	27	18	that	that	SCONJ
fueconorg-5201	27	19	characteristics	characteristic	NOUN
fueconorg-5201	27	20	of	of	ADP
fueconorg-5201	27	21	these	these	DET
fueconorg-5201	27	22	transactions	transaction	NOUN
fueconorg-5201	27	23	are	be	AUX
fueconorg-5201	27	24	not	not	PART
fueconorg-5201	27	25	universal	universal	ADJ
fueconorg-5201	27	26	and	and	CCONJ
fueconorg-5201	27	27	static	static	ADJ
fueconorg-5201	27	28	but	but	CCONJ
fueconorg-5201	27	29	varying	vary	VERB
fueconorg-5201	27	30	in	in	ADP
fueconorg-5201	27	31	terms	term	NOUN
fueconorg-5201	27	32	of	of	ADP
fueconorg-5201	27	33	both	both	DET
fueconorg-5201	27	34	space	space	NOUN
fueconorg-5201	27	35	and	and	CCONJ
fueconorg-5201	27	36	time	time	NOUN
fueconorg-5201	27	37	.	.	PUNCT
fueconorg-5201	28	1	the	the	DET
fueconorg-5201	28	2	intention	intention	NOUN
fueconorg-5201	28	3	of	of	ADP
fueconorg-5201	28	4	this	this	DET
fueconorg-5201	28	5	paper	paper	NOUN
fueconorg-5201	28	6	is	be	AUX
fueconorg-5201	28	7	to	to	PART
fueconorg-5201	28	8	highlight	highlight	VERB
fueconorg-5201	28	9	the	the	DET
fueconorg-5201	28	10	space	space	NOUN
fueconorg-5201	28	11	and	and	CCONJ
fueconorg-5201	28	12	time	time	NOUN
fueconorg-5201	28	13	dimension	dimension	NOUN
fueconorg-5201	28	14	of	of	ADP
fueconorg-5201	28	15	m&a	m&a	PROPN
fueconorg-5201	28	16	transactions	transaction	NOUN
fueconorg-5201	28	17	.	.	PUNCT
fueconorg-5201	29	1	why	why	SCONJ
fueconorg-5201	29	2	pay	pay	VERB
fueconorg-5201	29	3	more	more	ADJ
fueconorg-5201	29	4	–	–	PUNCT
fueconorg-5201	29	5	world	world	NOUN
fueconorg-5201	29	6	evidence	evidence	NOUN
fueconorg-5201	29	7	on	on	ADP
fueconorg-5201	29	8	m&a	m&a	PROPN
fueconorg-5201	29	9	bid	bid	NOUN
fueconorg-5201	29	10	premium	premium	NOUN
fueconorg-5201	29	11	determinants	determinant	NOUN
fueconorg-5201	29	12	301	301	NUM
fueconorg-5201	29	13	2	2	NUM
fueconorg-5201	29	14	.	.	PUNCT
fueconorg-5201	29	15	literature	literature	PROPN
fueconorg-5201	29	16	review	review	PROPN
fueconorg-5201	29	17	characteristics	characteristic	NOUN
fueconorg-5201	29	18	of	of	ADP
fueconorg-5201	29	19	m&a	m&a	PROPN
fueconorg-5201	29	20	transactions	transaction	NOUN
fueconorg-5201	29	21	may	may	AUX
fueconorg-5201	29	22	vary	vary	VERB
fueconorg-5201	29	23	depending	depend	VERB
fueconorg-5201	29	24	on	on	ADP
fueconorg-5201	29	25	the	the	DET
fueconorg-5201	29	26	economic	economic	ADJ
fueconorg-5201	29	27	and	and	CCONJ
fueconorg-5201	29	28	institutional	institutional	ADJ
fueconorg-5201	29	29	environments	environment	NOUN
fueconorg-5201	29	30	in	in	ADP
fueconorg-5201	29	31	which	which	PRON
fueconorg-5201	29	32	the	the	DET
fueconorg-5201	29	33	transactions	transaction	NOUN
fueconorg-5201	29	34	are	be	AUX
fueconorg-5201	29	35	performed	perform	VERB
fueconorg-5201	29	36	.	.	PUNCT
fueconorg-5201	30	1	rossi	rossi	PROPN
fueconorg-5201	30	2	and	and	CCONJ
fueconorg-5201	30	3	volpin	volpin	PROPN
fueconorg-5201	30	4	(	(	PUNCT
fueconorg-5201	30	5	2004	2004	NUM
fueconorg-5201	30	6	)	)	PUNCT
fueconorg-5201	30	7	confirm	confirm	VERB
fueconorg-5201	30	8	that	that	SCONJ
fueconorg-5201	30	9	target	target	NOUN
fueconorg-5201	30	10	companies	company	NOUN
fueconorg-5201	30	11	operating	operate	VERB
fueconorg-5201	30	12	in	in	ADP
fueconorg-5201	30	13	the	the	DET
fueconorg-5201	30	14	united	united	PROPN
fueconorg-5201	30	15	states	states	PROPN
fueconorg-5201	30	16	realize	realize	VERB
fueconorg-5201	30	17	statistically	statistically	ADV
fueconorg-5201	30	18	significantly	significantly	ADV
fueconorg-5201	30	19	higher	high	ADJ
fueconorg-5201	30	20	abnormal	abnormal	ADJ
fueconorg-5201	30	21	returns	return	NOUN
fueconorg-5201	30	22	against	against	ADP
fueconorg-5201	30	23	the	the	DET
fueconorg-5201	30	24	comparable	comparable	ADJ
fueconorg-5201	30	25	companies	company	NOUN
fueconorg-5201	30	26	operating	operate	VERB
fueconorg-5201	30	27	in	in	ADP
fueconorg-5201	30	28	other	other	ADJ
fueconorg-5201	30	29	markets	market	NOUN
fueconorg-5201	30	30	.	.	PUNCT
fueconorg-5201	31	1	in	in	ADP
fueconorg-5201	31	2	fact	fact	NOUN
fueconorg-5201	31	3	,	,	PUNCT
fueconorg-5201	31	4	it	it	PRON
fueconorg-5201	31	5	is	be	AUX
fueconorg-5201	31	6	identified	identify	VERB
fueconorg-5201	31	7	that	that	SCONJ
fueconorg-5201	31	8	the	the	DET
fueconorg-5201	31	9	average	average	ADJ
fueconorg-5201	31	10	bid	bid	NOUN
fueconorg-5201	31	11	premium	premium	NOUN
fueconorg-5201	31	12	in	in	ADP
fueconorg-5201	31	13	the	the	DET
fueconorg-5201	31	14	us	us	PROPN
fueconorg-5201	31	15	-	-	PUNCT
fueconorg-5201	31	16	based	base	VERB
fueconorg-5201	31	17	transactions	transaction	NOUN
fueconorg-5201	31	18	is	be	AUX
fueconorg-5201	31	19	by	by	ADP
fueconorg-5201	31	20	7	7	NUM
fueconorg-5201	31	21	percentage	percentage	NOUN
fueconorg-5201	31	22	points	point	NOUN
fueconorg-5201	31	23	higher	high	ADJ
fueconorg-5201	31	24	than	than	ADP
fueconorg-5201	31	25	the	the	DET
fueconorg-5201	31	26	premiums	premium	NOUN
fueconorg-5201	31	27	paid	pay	VERB
fueconorg-5201	31	28	in	in	ADP
fueconorg-5201	31	29	the	the	DET
fueconorg-5201	31	30	non	non	ADJ
fueconorg-5201	31	31	-	-	ADJ
fueconorg-5201	31	32	us	us	ADJ
fueconorg-5201	31	33	transactions	transaction	NOUN
fueconorg-5201	31	34	.	.	PUNCT
fueconorg-5201	32	1	although	although	SCONJ
fueconorg-5201	32	2	it	it	PRON
fueconorg-5201	32	3	has	have	AUX
fueconorg-5201	32	4	been	be	AUX
fueconorg-5201	32	5	established	establish	VERB
fueconorg-5201	32	6	that	that	SCONJ
fueconorg-5201	32	7	in	in	ADP
fueconorg-5201	32	8	the	the	DET
fueconorg-5201	32	9	us	us	PROPN
fueconorg-5201	32	10	-	-	PUNCT
fueconorg-5201	32	11	based	base	VERB
fueconorg-5201	32	12	m&a	m&a	PROPN
fueconorg-5201	32	13	transactions	transaction	NOUN
fueconorg-5201	32	14	statistically	statistically	ADV
fueconorg-5201	32	15	significant	significant	ADJ
fueconorg-5201	32	16	synergy	synergy	NOUN
fueconorg-5201	32	17	effects	effect	NOUN
fueconorg-5201	32	18	are	be	AUX
fueconorg-5201	32	19	realized	realize	VERB
fueconorg-5201	32	20	,	,	PUNCT
fueconorg-5201	32	21	it	it	PRON
fueconorg-5201	32	22	turns	turn	VERB
fueconorg-5201	32	23	out	out	ADP
fueconorg-5201	32	24	that	that	SCONJ
fueconorg-5201	32	25	those	those	PRON
fueconorg-5201	32	26	are	be	AUX
fueconorg-5201	32	27	not	not	PART
fueconorg-5201	32	28	sufficient	sufficient	ADJ
fueconorg-5201	32	29	to	to	PART
fueconorg-5201	32	30	account	account	VERB
fueconorg-5201	32	31	for	for	ADP
fueconorg-5201	32	32	the	the	DET
fueconorg-5201	32	33	differences	difference	NOUN
fueconorg-5201	32	34	in	in	ADP
fueconorg-5201	32	35	bid	bid	NOUN
fueconorg-5201	32	36	premiums	premium	NOUN
fueconorg-5201	32	37	between	between	ADP
fueconorg-5201	32	38	the	the	DET
fueconorg-5201	32	39	us	us	PROPN
fueconorg-5201	32	40	entities	entity	NOUN
fueconorg-5201	32	41	and	and	CCONJ
fueconorg-5201	32	42	entities	entity	NOUN
fueconorg-5201	32	43	operating	operate	VERB
fueconorg-5201	32	44	in	in	ADP
fueconorg-5201	32	45	other	other	ADJ
fueconorg-5201	32	46	markets	market	NOUN
fueconorg-5201	32	47	.	.	PUNCT
fueconorg-5201	33	1	this	this	PRON
fueconorg-5201	33	2	means	mean	VERB
fueconorg-5201	33	3	that	that	SCONJ
fueconorg-5201	33	4	the	the	DET
fueconorg-5201	33	5	explanation	explanation	NOUN
fueconorg-5201	33	6	for	for	ADP
fueconorg-5201	33	7	bid	bid	NOUN
fueconorg-5201	33	8	premium	premium	NOUN
fueconorg-5201	33	9	differences	difference	NOUN
fueconorg-5201	33	10	ought	ought	AUX
fueconorg-5201	33	11	to	to	PART
fueconorg-5201	33	12	be	be	AUX
fueconorg-5201	33	13	sought	seek	VERB
fueconorg-5201	33	14	in	in	ADP
fueconorg-5201	33	15	different	different	ADJ
fueconorg-5201	33	16	legislation	legislation	NOUN
fueconorg-5201	33	17	and	and	CCONJ
fueconorg-5201	33	18	different	different	ADJ
fueconorg-5201	33	19	scope	scope	NOUN
fueconorg-5201	33	20	of	of	ADP
fueconorg-5201	33	21	shareholder	shareholder	NOUN
fueconorg-5201	33	22	rights	right	NOUN
fueconorg-5201	33	23	which	which	PRON
fueconorg-5201	33	24	are	be	AUX
fueconorg-5201	33	25	closely	closely	ADV
fueconorg-5201	33	26	related	relate	VERB
fueconorg-5201	33	27	to	to	ADP
fueconorg-5201	33	28	stronger	strong	ADJ
fueconorg-5201	33	29	bargaining	bargaining	NOUN
fueconorg-5201	33	30	power	power	NOUN
fueconorg-5201	33	31	.	.	PUNCT
fueconorg-5201	34	1	the	the	DET
fueconorg-5201	34	2	main	main	ADJ
fueconorg-5201	34	3	distinction	distinction	NOUN
fueconorg-5201	34	4	about	about	ADP
fueconorg-5201	34	5	the	the	DET
fueconorg-5201	34	6	us	us	PROPN
fueconorg-5201	34	7	market	market	NOUN
fueconorg-5201	34	8	in	in	ADP
fueconorg-5201	34	9	comparison	comparison	NOUN
fueconorg-5201	34	10	to	to	ADP
fueconorg-5201	34	11	the	the	DET
fueconorg-5201	34	12	other	other	ADJ
fueconorg-5201	34	13	countries	country	NOUN
fueconorg-5201	34	14	is	be	AUX
fueconorg-5201	34	15	higher	high	ADJ
fueconorg-5201	34	16	competition	competition	NOUN
fueconorg-5201	34	17	in	in	ADP
fueconorg-5201	34	18	the	the	DET
fueconorg-5201	34	19	market	market	NOUN
fueconorg-5201	34	20	for	for	ADP
fueconorg-5201	34	21	corporate	corporate	ADJ
fueconorg-5201	34	22	control	control	NOUN
fueconorg-5201	34	23	reflected	reflect	VERB
fueconorg-5201	34	24	in	in	ADP
fueconorg-5201	34	25	the	the	DET
fueconorg-5201	34	26	higher	high	ADJ
fueconorg-5201	34	27	volume	volume	NOUN
fueconorg-5201	34	28	of	of	ADP
fueconorg-5201	34	29	m&a	m&a	PROPN
fueconorg-5201	34	30	transactions	transaction	NOUN
fueconorg-5201	34	31	and	and	CCONJ
fueconorg-5201	34	32	more	more	ADV
fueconorg-5201	34	33	diverse	diverse	ADJ
fueconorg-5201	34	34	and	and	CCONJ
fueconorg-5201	34	35	potentially	potentially	ADV
fueconorg-5201	34	36	more	more	ADV
fueconorg-5201	34	37	efficient	efficient	ADJ
fueconorg-5201	34	38	defense	defense	NOUN
fueconorg-5201	34	39	measures	measure	NOUN
fueconorg-5201	34	40	against	against	ADP
fueconorg-5201	34	41	hostile	hostile	ADJ
fueconorg-5201	34	42	takeovers	takeover	NOUN
fueconorg-5201	34	43	.	.	PUNCT
fueconorg-5201	35	1	m&a	m&a	NOUN
fueconorg-5201	35	2	activities	activity	NOUN
fueconorg-5201	35	3	are	be	AUX
fueconorg-5201	35	4	considerably	considerably	ADV
fueconorg-5201	35	5	higher	high	ADJ
fueconorg-5201	35	6	in	in	ADP
fueconorg-5201	35	7	volume	volume	NOUN
fueconorg-5201	35	8	in	in	ADP
fueconorg-5201	35	9	the	the	DET
fueconorg-5201	35	10	countries	country	NOUN
fueconorg-5201	35	11	with	with	ADP
fueconorg-5201	35	12	better	well	ADJ
fueconorg-5201	35	13	investor	investor	NOUN
fueconorg-5201	35	14	protection	protection	NOUN
fueconorg-5201	35	15	,	,	PUNCT
fueconorg-5201	35	16	which	which	PRON
fueconorg-5201	35	17	is	be	AUX
fueconorg-5201	35	18	regarded	regard	VERB
fueconorg-5201	35	19	as	as	ADP
fueconorg-5201	35	20	the	the	DET
fueconorg-5201	35	21	key	key	ADJ
fueconorg-5201	35	22	prerequisite	prerequisite	NOUN
fueconorg-5201	35	23	of	of	ADP
fueconorg-5201	35	24	an	an	DET
fueconorg-5201	35	25	active	active	ADJ
fueconorg-5201	35	26	market	market	NOUN
fueconorg-5201	35	27	for	for	ADP
fueconorg-5201	35	28	corporate	corporate	ADJ
fueconorg-5201	35	29	control	control	NOUN
fueconorg-5201	35	30	(	(	PUNCT
fueconorg-5201	35	31	rossi	rossi	PROPN
fueconorg-5201	35	32	&	&	CCONJ
fueconorg-5201	35	33	volpin	volpin	PROPN
fueconorg-5201	35	34	,	,	PUNCT
fueconorg-5201	35	35	2004	2004	NUM
fueconorg-5201	35	36	)	)	PUNCT
fueconorg-5201	35	37	.	.	PUNCT
fueconorg-5201	36	1	the	the	DET
fueconorg-5201	36	2	final	final	ADJ
fueconorg-5201	36	3	conclusion	conclusion	NOUN
fueconorg-5201	36	4	hence	hence	ADV
fueconorg-5201	36	5	could	could	AUX
fueconorg-5201	36	6	be	be	AUX
fueconorg-5201	36	7	that	that	SCONJ
fueconorg-5201	36	8	in	in	ADP
fueconorg-5201	36	9	the	the	DET
fueconorg-5201	36	10	usa	usa	NOUN
fueconorg-5201	36	11	there	there	PRON
fueconorg-5201	36	12	is	be	VERB
fueconorg-5201	36	13	a	a	DET
fueconorg-5201	36	14	higher	high	ADJ
fueconorg-5201	36	15	level	level	NOUN
fueconorg-5201	36	16	of	of	ADP
fueconorg-5201	36	17	protection	protection	NOUN
fueconorg-5201	36	18	of	of	ADP
fueconorg-5201	36	19	target	target	NOUN
fueconorg-5201	36	20	shareholders	shareholder	NOUN
fueconorg-5201	36	21	than	than	ADP
fueconorg-5201	36	22	in	in	ADP
fueconorg-5201	36	23	the	the	DET
fueconorg-5201	36	24	practices	practice	NOUN
fueconorg-5201	36	25	of	of	ADP
fueconorg-5201	36	26	other	other	ADJ
fueconorg-5201	36	27	countries	country	NOUN
fueconorg-5201	36	28	,	,	PUNCT
fueconorg-5201	36	29	which	which	PRON
fueconorg-5201	36	30	improves	improve	VERB
fueconorg-5201	36	31	their	their	PRON
fueconorg-5201	36	32	bargaining	bargaining	NOUN
fueconorg-5201	36	33	power	power	NOUN
fueconorg-5201	36	34	and	and	CCONJ
fueconorg-5201	36	35	enables	enable	VERB
fueconorg-5201	36	36	higher	high	ADJ
fueconorg-5201	36	37	bid	bid	NOUN
fueconorg-5201	36	38	premiums	premium	NOUN
fueconorg-5201	36	39	and	and	CCONJ
fueconorg-5201	36	40	the	the	DET
fueconorg-5201	36	41	abnormal	abnormal	ADJ
fueconorg-5201	36	42	returns	return	NOUN
fueconorg-5201	36	43	of	of	ADP
fueconorg-5201	36	44	the	the	DET
fueconorg-5201	36	45	targets	target	NOUN
fueconorg-5201	36	46	than	than	ADP
fueconorg-5201	36	47	those	those	PRON
fueconorg-5201	36	48	realized	realize	VERB
fueconorg-5201	36	49	by	by	ADP
fueconorg-5201	36	50	the	the	DET
fueconorg-5201	36	51	targets	target	NOUN
fueconorg-5201	36	52	in	in	ADP
fueconorg-5201	36	53	other	other	ADJ
fueconorg-5201	36	54	markets	market	NOUN
fueconorg-5201	36	55	.	.	PUNCT
fueconorg-5201	37	1	it	it	PRON
fueconorg-5201	37	2	is	be	AUX
fueconorg-5201	37	3	interesting	interesting	ADJ
fueconorg-5201	37	4	that	that	SCONJ
fueconorg-5201	37	5	the	the	DET
fueconorg-5201	37	6	conclusions	conclusion	NOUN
fueconorg-5201	37	7	reached	reach	VERB
fueconorg-5201	37	8	are	be	AUX
fueconorg-5201	37	9	somewhat	somewhat	ADV
fueconorg-5201	37	10	modified	modified	ADJ
fueconorg-5201	37	11	if	if	SCONJ
fueconorg-5201	37	12	the	the	DET
fueconorg-5201	37	13	abnormal	abnormal	ADJ
fueconorg-5201	37	14	returns	return	NOUN
fueconorg-5201	37	15	of	of	ADP
fueconorg-5201	37	16	the	the	DET
fueconorg-5201	37	17	bidders	bidder	NOUN
fueconorg-5201	37	18	are	be	AUX
fueconorg-5201	37	19	analyzed	analyze	VERB
fueconorg-5201	37	20	.	.	PUNCT
fueconorg-5201	38	1	alexandridis	alexandridis	INTJ
fueconorg-5201	38	2	et	et	PROPN
fueconorg-5201	38	3	al	al	PROPN
fueconorg-5201	38	4	.	.	PROPN
fueconorg-5201	39	1	(	(	PUNCT
fueconorg-5201	39	2	2010	2010	NUM
fueconorg-5201	39	3	)	)	PUNCT
fueconorg-5201	39	4	show	show	VERB
fueconorg-5201	39	5	that	that	SCONJ
fueconorg-5201	39	6	bidders	bidder	NOUN
fueconorg-5201	39	7	operating	operate	VERB
fueconorg-5201	39	8	in	in	ADP
fueconorg-5201	39	9	the	the	DET
fueconorg-5201	39	10	markets	market	NOUN
fueconorg-5201	39	11	of	of	ADP
fueconorg-5201	39	12	continental	continental	PROPN
fueconorg-5201	39	13	europe	europe	PROPN
fueconorg-5201	39	14	,	,	PUNCT
fueconorg-5201	39	15	australia	australia	PROPN
fueconorg-5201	39	16	,	,	PUNCT
fueconorg-5201	39	17	japan	japan	PROPN
fueconorg-5201	39	18	and	and	CCONJ
fueconorg-5201	39	19	other	other	ADJ
fueconorg-5201	39	20	countries	country	NOUN
fueconorg-5201	39	21	with	with	ADP
fueconorg-5201	39	22	relatively	relatively	ADV
fueconorg-5201	39	23	low	low	ADJ
fueconorg-5201	39	24	competition	competition	NOUN
fueconorg-5201	39	25	in	in	ADP
fueconorg-5201	39	26	the	the	DET
fueconorg-5201	39	27	market	market	NOUN
fueconorg-5201	39	28	for	for	ADP
fueconorg-5201	39	29	corporate	corporate	ADJ
fueconorg-5201	39	30	control	control	NOUN
fueconorg-5201	39	31	realize	realize	VERB
fueconorg-5201	39	32	significantly	significantly	ADV
fueconorg-5201	39	33	higher	high	ADJ
fueconorg-5201	39	34	returns	return	NOUN
fueconorg-5201	39	35	than	than	ADP
fueconorg-5201	39	36	the	the	DET
fueconorg-5201	39	37	bidders	bidder	NOUN
fueconorg-5201	39	38	operating	operate	VERB
fueconorg-5201	39	39	in	in	ADP
fueconorg-5201	39	40	the	the	DET
fueconorg-5201	39	41	usa	usa	PROPN
fueconorg-5201	39	42	,	,	PUNCT
fueconorg-5201	39	43	canada	canada	PROPN
fueconorg-5201	39	44	,	,	PUNCT
fueconorg-5201	39	45	and	and	CCONJ
fueconorg-5201	39	46	the	the	DET
fueconorg-5201	39	47	uk	uk	PROPN
fueconorg-5201	39	48	.	.	PUNCT
fueconorg-5201	40	1	this	this	PRON
fueconorg-5201	40	2	is	be	AUX
fueconorg-5201	40	3	in	in	ADP
fueconorg-5201	40	4	line	line	NOUN
fueconorg-5201	40	5	with	with	ADP
fueconorg-5201	40	6	the	the	DET
fueconorg-5201	40	7	thesis	thesis	NOUN
fueconorg-5201	40	8	that	that	SCONJ
fueconorg-5201	40	9	high	high	ADJ
fueconorg-5201	40	10	competition	competition	NOUN
fueconorg-5201	40	11	in	in	ADP
fueconorg-5201	40	12	the	the	DET
fueconorg-5201	40	13	market	market	NOUN
fueconorg-5201	40	14	for	for	ADP
fueconorg-5201	40	15	corporate	corporate	ADJ
fueconorg-5201	40	16	control	control	NOUN
fueconorg-5201	40	17	,	,	PUNCT
fueconorg-5201	40	18	although	although	SCONJ
fueconorg-5201	40	19	having	have	VERB
fueconorg-5201	40	20	a	a	DET
fueconorg-5201	40	21	positive	positive	ADJ
fueconorg-5201	40	22	impact	impact	NOUN
fueconorg-5201	40	23	on	on	ADP
fueconorg-5201	40	24	the	the	DET
fueconorg-5201	40	25	returns	return	NOUN
fueconorg-5201	40	26	of	of	ADP
fueconorg-5201	40	27	the	the	DET
fueconorg-5201	40	28	targets	target	NOUN
fueconorg-5201	40	29	,	,	PUNCT
fueconorg-5201	40	30	may	may	AUX
fueconorg-5201	40	31	have	have	AUX
fueconorg-5201	40	32	negative	negative	ADJ
fueconorg-5201	40	33	ultimate	ultimate	ADJ
fueconorg-5201	40	34	implications	implication	NOUN
fueconorg-5201	40	35	on	on	ADP
fueconorg-5201	40	36	the	the	DET
fueconorg-5201	40	37	returns	return	NOUN
fueconorg-5201	40	38	of	of	ADP
fueconorg-5201	40	39	the	the	DET
fueconorg-5201	40	40	bidders	bidder	NOUN
fueconorg-5201	40	41	.	.	PUNCT
fueconorg-5201	41	1	in	in	ADP
fueconorg-5201	41	2	fact	fact	NOUN
fueconorg-5201	41	3	,	,	PUNCT
fueconorg-5201	41	4	the	the	DET
fueconorg-5201	41	5	high	high	ADJ
fueconorg-5201	41	6	competition	competition	NOUN
fueconorg-5201	41	7	levels	level	NOUN
fueconorg-5201	41	8	in	in	ADP
fueconorg-5201	41	9	the	the	DET
fueconorg-5201	41	10	market	market	NOUN
fueconorg-5201	41	11	for	for	ADP
fueconorg-5201	41	12	corporate	corporate	ADJ
fueconorg-5201	41	13	control	control	NOUN
fueconorg-5201	41	14	causes	cause	VERB
fueconorg-5201	41	15	bidders	bidder	NOUN
fueconorg-5201	41	16	to	to	PART
fueconorg-5201	41	17	increase	increase	VERB
fueconorg-5201	41	18	gradually	gradually	ADV
fueconorg-5201	41	19	the	the	DET
fueconorg-5201	41	20	bid	bid	NOUN
fueconorg-5201	41	21	premiums	premium	NOUN
fueconorg-5201	41	22	offered	offer	VERB
fueconorg-5201	41	23	for	for	ADP
fueconorg-5201	41	24	target	target	NOUN
fueconorg-5201	41	25	takeover	takeover	NOUN
fueconorg-5201	41	26	,	,	PUNCT
fueconorg-5201	41	27	resulting	result	VERB
fueconorg-5201	41	28	in	in	ADP
fueconorg-5201	41	29	payment	payment	NOUN
fueconorg-5201	41	30	of	of	ADP
fueconorg-5201	41	31	excessive	excessive	ADJ
fueconorg-5201	41	32	premiums	premium	NOUN
fueconorg-5201	41	33	,	,	PUNCT
fueconorg-5201	41	34	which	which	PRON
fueconorg-5201	41	35	are	be	AUX
fueconorg-5201	41	36	often	often	ADV
fueconorg-5201	41	37	not	not	PART
fueconorg-5201	41	38	justified	justify	VERB
fueconorg-5201	41	39	by	by	ADP
fueconorg-5201	41	40	commensurately	commensurately	ADV
fueconorg-5201	41	41	higher	high	ADJ
fueconorg-5201	41	42	synergy	synergy	NOUN
fueconorg-5201	41	43	effects	effect	NOUN
fueconorg-5201	41	44	.	.	PUNCT
fueconorg-5201	42	1	in	in	ADP
fueconorg-5201	42	2	order	order	NOUN
fueconorg-5201	42	3	to	to	PART
fueconorg-5201	42	4	measure	measure	VERB
fueconorg-5201	42	5	the	the	DET
fueconorg-5201	42	6	competition	competition	NOUN
fueconorg-5201	42	7	level	level	NOUN
fueconorg-5201	42	8	in	in	ADP
fueconorg-5201	42	9	the	the	DET
fueconorg-5201	42	10	market	market	NOUN
fueconorg-5201	42	11	for	for	ADP
fueconorg-5201	42	12	corporate	corporate	ADJ
fueconorg-5201	42	13	control	control	NOUN
fueconorg-5201	42	14	alexandridis	alexandridis	PROPN
fueconorg-5201	42	15	et	et	PROPN
fueconorg-5201	42	16	al	al	PROPN
fueconorg-5201	42	17	.	.	PROPN
fueconorg-5201	43	1	(	(	PUNCT
fueconorg-5201	43	2	2010	2010	NUM
fueconorg-5201	43	3	)	)	PUNCT
fueconorg-5201	43	4	focus	focus	VERB
fueconorg-5201	43	5	on	on	ADP
fueconorg-5201	43	6	listed	list	VERB
fueconorg-5201	43	7	target	target	NOUN
fueconorg-5201	43	8	companies	company	NOUN
fueconorg-5201	43	9	involved	involve	VERB
fueconorg-5201	43	10	in	in	ADP
fueconorg-5201	43	11	the	the	DET
fueconorg-5201	43	12	completed	complete	VERB
fueconorg-5201	43	13	m&a	m&a	PROPN
fueconorg-5201	43	14	transactions	transaction	NOUN
fueconorg-5201	43	15	in	in	ADP
fueconorg-5201	43	16	the	the	DET
fueconorg-5201	43	17	specific	specific	ADJ
fueconorg-5201	43	18	year	year	NOUN
fueconorg-5201	43	19	relative	relative	ADJ
fueconorg-5201	43	20	to	to	ADP
fueconorg-5201	43	21	the	the	DET
fueconorg-5201	43	22	total	total	ADJ
fueconorg-5201	43	23	number	number	NOUN
fueconorg-5201	43	24	of	of	ADP
fueconorg-5201	43	25	listed	list	VERB
fueconorg-5201	43	26	companies	company	NOUN
fueconorg-5201	43	27	operating	operate	VERB
fueconorg-5201	43	28	in	in	ADP
fueconorg-5201	43	29	the	the	DET
fueconorg-5201	43	30	market	market	NOUN
fueconorg-5201	43	31	under	under	ADP
fueconorg-5201	43	32	analysis	analysis	NOUN
fueconorg-5201	43	33	.	.	PUNCT
fueconorg-5201	44	1	the	the	DET
fueconorg-5201	44	2	highest	high	ADJ
fueconorg-5201	44	3	competition	competition	NOUN
fueconorg-5201	44	4	levels	level	NOUN
fueconorg-5201	44	5	in	in	ADP
fueconorg-5201	44	6	the	the	DET
fueconorg-5201	44	7	market	market	NOUN
fueconorg-5201	44	8	for	for	ADP
fueconorg-5201	44	9	corporate	corporate	ADJ
fueconorg-5201	44	10	control	control	NOUN
fueconorg-5201	44	11	are	be	AUX
fueconorg-5201	44	12	recorded	record	VERB
fueconorg-5201	44	13	in	in	ADP
fueconorg-5201	44	14	the	the	DET
fueconorg-5201	44	15	us	us	PROPN
fueconorg-5201	44	16	,	,	PUNCT
fueconorg-5201	44	17	the	the	DET
fueconorg-5201	44	18	uk	uk	PROPN
fueconorg-5201	44	19	and	and	CCONJ
fueconorg-5201	44	20	canada	canada	PROPN
fueconorg-5201	44	21	since	since	SCONJ
fueconorg-5201	44	22	these	these	PRON
fueconorg-5201	44	23	are	be	AUX
fueconorg-5201	44	24	countries	country	NOUN
fueconorg-5201	44	25	with	with	ADP
fueconorg-5201	44	26	the	the	DET
fueconorg-5201	44	27	largest	large	ADJ
fueconorg-5201	44	28	numbers	number	NOUN
fueconorg-5201	44	29	of	of	ADP
fueconorg-5201	44	30	listed	list	VERB
fueconorg-5201	44	31	companies	company	NOUN
fueconorg-5201	44	32	that	that	PRON
fueconorg-5201	44	33	are	be	AUX
fueconorg-5201	44	34	subject	subject	ADJ
fueconorg-5201	44	35	to	to	ADP
fueconorg-5201	44	36	control	control	VERB
fueconorg-5201	44	37	takeover	takeover	NOUN
fueconorg-5201	44	38	in	in	ADP
fueconorg-5201	44	39	the	the	DET
fueconorg-5201	44	40	specific	specific	ADJ
fueconorg-5201	44	41	year	year	NOUN
fueconorg-5201	44	42	.	.	PUNCT
fueconorg-5201	45	1	the	the	DET
fueconorg-5201	45	2	average	average	ADJ
fueconorg-5201	45	3	bid	bid	NOUN
fueconorg-5201	45	4	premium	premium	NOUN
fueconorg-5201	45	5	values	value	NOUN
fueconorg-5201	45	6	identified	identify	VERB
fueconorg-5201	45	7	in	in	ADP
fueconorg-5201	45	8	those	those	DET
fueconorg-5201	45	9	markets	market	NOUN
fueconorg-5201	45	10	equal	equal	ADJ
fueconorg-5201	45	11	45.79	45.79	NUM
fueconorg-5201	45	12	%	%	NOUN
fueconorg-5201	45	13	,	,	PUNCT
fueconorg-5201	45	14	42.02	42.02	NUM
fueconorg-5201	45	15	%	%	NOUN
fueconorg-5201	45	16	and	and	CCONJ
fueconorg-5201	45	17	37.01	37.01	NUM
fueconorg-5201	45	18	%	%	NOUN
fueconorg-5201	45	19	,	,	PUNCT
fueconorg-5201	45	20	respectively	respectively	ADV
fueconorg-5201	45	21	,	,	PUNCT
fueconorg-5201	45	22	whereas	whereas	SCONJ
fueconorg-5201	45	23	in	in	ADP
fueconorg-5201	45	24	the	the	DET
fueconorg-5201	45	25	rest	rest	NOUN
fueconorg-5201	45	26	of	of	ADP
fueconorg-5201	45	27	the	the	DET
fueconorg-5201	45	28	world	world	NOUN
fueconorg-5201	45	29	the	the	DET
fueconorg-5201	45	30	average	average	ADJ
fueconorg-5201	45	31	bid	bid	NOUN
fueconorg-5201	45	32	premium	premium	NOUN
fueconorg-5201	45	33	recorded	record	VERB
fueconorg-5201	45	34	in	in	ADP
fueconorg-5201	45	35	the	the	DET
fueconorg-5201	45	36	same	same	ADJ
fueconorg-5201	45	37	period	period	NOUN
fueconorg-5201	45	38	is	be	AUX
fueconorg-5201	45	39	merely	merely	ADV
fueconorg-5201	45	40	31.91	31.91	NUM
fueconorg-5201	45	41	%	%	NOUN
fueconorg-5201	45	42	.	.	PUNCT
fueconorg-5201	46	1	moreover	moreover	ADV
fueconorg-5201	46	2	,	,	PUNCT
fueconorg-5201	46	3	the	the	DET
fueconorg-5201	46	4	abnormal	abnormal	ADJ
fueconorg-5201	46	5	returns	return	NOUN
fueconorg-5201	46	6	of	of	ADP
fueconorg-5201	46	7	the	the	DET
fueconorg-5201	46	8	bidders	bidder	NOUN
fueconorg-5201	46	9	operating	operate	VERB
fueconorg-5201	46	10	in	in	ADP
fueconorg-5201	46	11	europe	europe	PROPN
fueconorg-5201	46	12	(	(	PUNCT
fueconorg-5201	46	13	excluding	exclude	VERB
fueconorg-5201	46	14	the	the	DET
fueconorg-5201	46	15	uk	uk	PROPN
fueconorg-5201	46	16	)	)	PUNCT
fueconorg-5201	46	17	,	,	PUNCT
fueconorg-5201	46	18	japan	japan	PROPN
fueconorg-5201	46	19	,	,	PUNCT
fueconorg-5201	46	20	the	the	DET
fueconorg-5201	46	21	rest	rest	NOUN
fueconorg-5201	46	22	of	of	ADP
fueconorg-5201	46	23	asia	asia	PROPN
fueconorg-5201	46	24	,	,	PUNCT
fueconorg-5201	46	25	australia	australia	PROPN
fueconorg-5201	46	26	and	and	CCONJ
fueconorg-5201	46	27	oceania	oceania	PROPN
fueconorg-5201	46	28	,	,	PUNCT
fueconorg-5201	46	29	south	south	PROPN
fueconorg-5201	46	30	africa	africa	PROPN
fueconorg-5201	46	31	and	and	CCONJ
fueconorg-5201	46	32	latin	latin	PROPN
fueconorg-5201	46	33	america	america	PROPN
fueconorg-5201	46	34	are	be	AUX
fueconorg-5201	46	35	non	non	ADJ
fueconorg-5201	46	36	-	-	ADJ
fueconorg-5201	46	37	negative	negative	ADJ
fueconorg-5201	46	38	and	and	CCONJ
fueconorg-5201	46	39	statistically	statistically	ADV
fueconorg-5201	46	40	significantly	significantly	ADV
fueconorg-5201	46	41	higher	high	ADJ
fueconorg-5201	46	42	than	than	ADP
fueconorg-5201	46	43	those	those	PRON
fueconorg-5201	46	44	of	of	ADP
fueconorg-5201	46	45	the	the	DET
fueconorg-5201	46	46	bidders	bidder	NOUN
fueconorg-5201	46	47	from	from	ADP
fueconorg-5201	46	48	the	the	DET
fueconorg-5201	46	49	countries	country	NOUN
fueconorg-5201	46	50	with	with	ADP
fueconorg-5201	46	51	the	the	DET
fueconorg-5201	46	52	largest	large	ADJ
fueconorg-5201	46	53	volume	volume	NOUN
fueconorg-5201	46	54	of	of	ADP
fueconorg-5201	46	55	m&a	m&a	PROPN
fueconorg-5201	46	56	transactions	transaction	NOUN
fueconorg-5201	46	57	.	.	PUNCT
fueconorg-5201	47	1	ylmaz	ylmaz	NOUN
fueconorg-5201	47	2	and	and	CCONJ
fueconorg-5201	47	3	tanyeri	tanyeri	PROPN
fueconorg-5201	47	4	(	(	PUNCT
fueconorg-5201	47	5	2016	2016	NUM
fueconorg-5201	47	6	)	)	PUNCT
fueconorg-5201	47	7	find	find	VERB
fueconorg-5201	47	8	that	that	SCONJ
fueconorg-5201	47	9	,	,	PUNCT
fueconorg-5201	47	10	viewed	view	VERB
fueconorg-5201	47	11	on	on	ADP
fueconorg-5201	47	12	the	the	DET
fueconorg-5201	47	13	global	global	ADJ
fueconorg-5201	47	14	level	level	NOUN
fueconorg-5201	47	15	,	,	PUNCT
fueconorg-5201	47	16	m&a	m&a	PROPN
fueconorg-5201	47	17	transactions	transaction	NOUN
fueconorg-5201	47	18	create	create	VERB
fueconorg-5201	47	19	value	value	NOUN
fueconorg-5201	47	20	with	with	ADP
fueconorg-5201	47	21	the	the	DET
fueconorg-5201	47	22	cumulative	cumulative	ADJ
fueconorg-5201	47	23	average	average	ADJ
fueconorg-5201	47	24	abnormal	abnormal	ADJ
fueconorg-5201	47	25	return	return	NOUN
fueconorg-5201	47	26	of	of	ADP
fueconorg-5201	47	27	1.7	1.7	NUM
fueconorg-5201	47	28	%	%	NOUN
fueconorg-5201	47	29	.	.	PUNCT
fueconorg-5201	48	1	when	when	SCONJ
fueconorg-5201	48	2	it	it	PRON
fueconorg-5201	48	3	comes	come	VERB
fueconorg-5201	48	4	to	to	ADP
fueconorg-5201	48	5	the	the	DET
fueconorg-5201	48	6	302	302	NUM
fueconorg-5201	48	7	m.	m.	NOUN
fueconorg-5201	48	8	živanović	živanović	NOUN
fueconorg-5201	48	9	,	,	PUNCT
fueconorg-5201	48	10	n.	n.	PROPN
fueconorg-5201	48	11	džudović	džudović	VERB
fueconorg-5201	48	12	differences	difference	NOUN
fueconorg-5201	48	13	in	in	ADP
fueconorg-5201	48	14	respect	respect	NOUN
fueconorg-5201	48	15	of	of	ADP
fueconorg-5201	48	16	three	three	NUM
fueconorg-5201	48	17	-	-	PUNCT
fueconorg-5201	48	18	day	day	NOUN
fueconorg-5201	48	19	cumulative	cumulative	ADJ
fueconorg-5201	48	20	abnormal	abnormal	ADJ
fueconorg-5201	48	21	returns	return	NOUN
fueconorg-5201	48	22	identified	identify	VERB
fueconorg-5201	48	23	between	between	ADP
fueconorg-5201	48	24	the	the	DET
fueconorg-5201	48	25	companies	company	NOUN
fueconorg-5201	48	26	in	in	ADP
fueconorg-5201	48	27	developed	develop	VERB
fueconorg-5201	48	28	countries	country	NOUN
fueconorg-5201	48	29	and	and	CCONJ
fueconorg-5201	48	30	companies	company	NOUN
fueconorg-5201	48	31	operating	operate	VERB
fueconorg-5201	48	32	in	in	ADP
fueconorg-5201	48	33	developing	develop	VERB
fueconorg-5201	48	34	countries	country	NOUN
fueconorg-5201	48	35	,	,	PUNCT
fueconorg-5201	48	36	results	result	NOUN
fueconorg-5201	48	37	are	be	AUX
fueconorg-5201	48	38	somewhat	somewhat	ADV
fueconorg-5201	48	39	different	different	ADJ
fueconorg-5201	48	40	from	from	ADP
fueconorg-5201	48	41	alexandridis	alexandridis	PROPN
fueconorg-5201	48	42	et	et	PROPN
fueconorg-5201	48	43	al	al	PROPN
fueconorg-5201	48	44	.	.	PROPN
fueconorg-5201	49	1	(	(	PUNCT
fueconorg-5201	49	2	2010	2010	NUM
fueconorg-5201	49	3	)	)	PUNCT
fueconorg-5201	49	4	.	.	PUNCT
fueconorg-5201	50	1	in	in	ADP
fueconorg-5201	50	2	terms	term	NOUN
fueconorg-5201	50	3	of	of	ADP
fueconorg-5201	50	4	the	the	DET
fueconorg-5201	50	5	results	result	NOUN
fueconorg-5201	50	6	relating	relate	VERB
fueconorg-5201	50	7	to	to	ADP
fueconorg-5201	50	8	the	the	DET
fueconorg-5201	50	9	returns	return	NOUN
fueconorg-5201	50	10	realized	realize	VERB
fueconorg-5201	50	11	by	by	ADP
fueconorg-5201	50	12	the	the	DET
fueconorg-5201	50	13	target	target	NOUN
fueconorg-5201	50	14	shareholders	shareholder	NOUN
fueconorg-5201	50	15	,	,	PUNCT
fueconorg-5201	50	16	there	there	PRON
fueconorg-5201	50	17	are	be	VERB
fueconorg-5201	50	18	no	no	DET
fueconorg-5201	50	19	deviations	deviation	NOUN
fueconorg-5201	50	20	from	from	ADP
fueconorg-5201	50	21	the	the	DET
fueconorg-5201	50	22	above	above	ADJ
fueconorg-5201	50	23	discussed	discuss	VERB
fueconorg-5201	50	24	results	result	NOUN
fueconorg-5201	50	25	.	.	PUNCT
fueconorg-5201	51	1	the	the	DET
fueconorg-5201	51	2	results	result	NOUN
fueconorg-5201	51	3	show	show	VERB
fueconorg-5201	51	4	that	that	DET
fueconorg-5201	51	5	car	car	NOUN
fueconorg-5201	51	6	of	of	ADP
fueconorg-5201	51	7	the	the	DET
fueconorg-5201	51	8	targets	target	NOUN
fueconorg-5201	51	9	operating	operate	VERB
fueconorg-5201	51	10	in	in	ADP
fueconorg-5201	51	11	developed	develop	VERB
fueconorg-5201	51	12	countries	country	NOUN
fueconorg-5201	51	13	equals	equal	VERB
fueconorg-5201	51	14	8.1	8.1	NUM
fueconorg-5201	51	15	%	%	NOUN
fueconorg-5201	51	16	,	,	PUNCT
fueconorg-5201	51	17	while	while	SCONJ
fueconorg-5201	51	18	that	that	PRON
fueconorg-5201	51	19	of	of	ADP
fueconorg-5201	51	20	the	the	DET
fueconorg-5201	51	21	targets	target	NOUN
fueconorg-5201	51	22	in	in	ADP
fueconorg-5201	51	23	developing	develop	VERB
fueconorg-5201	51	24	countries	country	NOUN
fueconorg-5201	51	25	is	be	AUX
fueconorg-5201	51	26	as	as	ADV
fueconorg-5201	51	27	low	low	ADJ
fueconorg-5201	51	28	as	as	ADP
fueconorg-5201	51	29	2.8	2.8	NUM
fueconorg-5201	51	30	%	%	NOUN
fueconorg-5201	51	31	.	.	PUNCT
fueconorg-5201	52	1	while	while	SCONJ
fueconorg-5201	52	2	the	the	DET
fueconorg-5201	52	3	difference	difference	NOUN
fueconorg-5201	52	4	between	between	ADP
fueconorg-5201	52	5	cars	car	NOUN
fueconorg-5201	52	6	realized	realize	VERB
fueconorg-5201	52	7	by	by	ADP
fueconorg-5201	52	8	the	the	DET
fueconorg-5201	52	9	targets	target	NOUN
fueconorg-5201	52	10	was	be	AUX
fueconorg-5201	52	11	anticipated	anticipate	VERB
fueconorg-5201	52	12	,	,	PUNCT
fueconorg-5201	52	13	the	the	DET
fueconorg-5201	52	14	research	research	NOUN
fueconorg-5201	52	15	shows	show	VERB
fueconorg-5201	52	16	that	that	SCONJ
fueconorg-5201	52	17	returns	return	NOUN
fueconorg-5201	52	18	realized	realize	VERB
fueconorg-5201	52	19	by	by	ADP
fueconorg-5201	52	20	the	the	DET
fueconorg-5201	52	21	bidder	bidder	NOUN
fueconorg-5201	52	22	shareholders	shareholder	NOUN
fueconorg-5201	52	23	are	be	AUX
fueconorg-5201	52	24	also	also	ADV
fueconorg-5201	52	25	higher	high	ADJ
fueconorg-5201	52	26	for	for	ADP
fueconorg-5201	52	27	companies	company	NOUN
fueconorg-5201	52	28	operating	operate	VERB
fueconorg-5201	52	29	in	in	ADP
fueconorg-5201	52	30	developed	develop	VERB
fueconorg-5201	52	31	countries	country	NOUN
fueconorg-5201	52	32	,	,	PUNCT
fueconorg-5201	52	33	although	although	SCONJ
fueconorg-5201	52	34	the	the	DET
fueconorg-5201	52	35	difference	difference	NOUN
fueconorg-5201	52	36	is	be	AUX
fueconorg-5201	52	37	of	of	ADP
fueconorg-5201	52	38	a	a	DET
fueconorg-5201	52	39	much	much	ADV
fueconorg-5201	52	40	less	less	ADJ
fueconorg-5201	52	41	scale	scale	NOUN
fueconorg-5201	52	42	than	than	ADP
fueconorg-5201	52	43	the	the	DET
fueconorg-5201	52	44	difference	difference	NOUN
fueconorg-5201	52	45	identified	identify	VERB
fueconorg-5201	52	46	for	for	ADP
fueconorg-5201	52	47	the	the	DET
fueconorg-5201	52	48	targets	target	NOUN
fueconorg-5201	52	49	.	.	PUNCT
fueconorg-5201	53	1	one	one	NUM
fueconorg-5201	53	2	of	of	ADP
fueconorg-5201	53	3	the	the	DET
fueconorg-5201	53	4	explanations	explanation	NOUN
fueconorg-5201	53	5	for	for	ADP
fueconorg-5201	53	6	the	the	DET
fueconorg-5201	53	7	divergent	divergent	ADJ
fueconorg-5201	53	8	results	result	NOUN
fueconorg-5201	53	9	of	of	ADP
fueconorg-5201	53	10	the	the	DET
fueconorg-5201	53	11	aforesaid	aforesaid	NOUN
fueconorg-5201	53	12	two	two	NUM
fueconorg-5201	53	13	studies	study	NOUN
fueconorg-5201	53	14	in	in	ADP
fueconorg-5201	53	15	terms	term	NOUN
fueconorg-5201	53	16	of	of	ADP
fueconorg-5201	53	17	abnormal	abnormal	ADJ
fueconorg-5201	53	18	returns	return	NOUN
fueconorg-5201	53	19	realized	realize	VERB
fueconorg-5201	53	20	by	by	ADP
fueconorg-5201	53	21	the	the	DET
fueconorg-5201	53	22	bidders	bidder	NOUN
fueconorg-5201	53	23	is	be	AUX
fueconorg-5201	53	24	the	the	DET
fueconorg-5201	53	25	use	use	NOUN
fueconorg-5201	53	26	of	of	ADP
fueconorg-5201	53	27	different	different	ADJ
fueconorg-5201	53	28	event	event	NOUN
fueconorg-5201	53	29	windows	window	NOUN
fueconorg-5201	53	30	for	for	ADP
fueconorg-5201	53	31	measurement	measurement	NOUN
fueconorg-5201	53	32	of	of	ADP
fueconorg-5201	53	33	cumulative	cumulative	ADJ
fueconorg-5201	53	34	abnormal	abnormal	ADJ
fueconorg-5201	53	35	returns	return	NOUN
fueconorg-5201	53	36	.	.	PUNCT
fueconorg-5201	54	1	since	since	SCONJ
fueconorg-5201	54	2	the	the	DET
fueconorg-5201	54	3	developing	develop	VERB
fueconorg-5201	54	4	countries	country	NOUN
fueconorg-5201	54	5	are	be	AUX
fueconorg-5201	54	6	characterized	characterize	VERB
fueconorg-5201	54	7	by	by	ADP
fueconorg-5201	54	8	a	a	DET
fueconorg-5201	54	9	slower	slow	ADJ
fueconorg-5201	54	10	pace	pace	NOUN
fueconorg-5201	54	11	of	of	ADP
fueconorg-5201	54	12	the	the	DET
fueconorg-5201	54	13	market	market	NOUN
fueconorg-5201	54	14	adaptation	adaptation	NOUN
fueconorg-5201	54	15	to	to	ADP
fueconorg-5201	54	16	new	new	ADJ
fueconorg-5201	54	17	information	information	NOUN
fueconorg-5201	54	18	(	(	PUNCT
fueconorg-5201	54	19	lower	low	ADJ
fueconorg-5201	54	20	market	market	NOUN
fueconorg-5201	54	21	efficiency	efficiency	NOUN
fueconorg-5201	54	22	)	)	PUNCT
fueconorg-5201	54	23	,	,	PUNCT
fueconorg-5201	54	24	the	the	DET
fueconorg-5201	54	25	use	use	NOUN
fueconorg-5201	54	26	of	of	ADP
fueconorg-5201	54	27	shorter	short	ADJ
fueconorg-5201	54	28	event	event	NOUN
fueconorg-5201	54	29	windows	window	NOUN
fueconorg-5201	54	30	for	for	ADP
fueconorg-5201	54	31	car	car	NOUN
fueconorg-5201	54	32	measurement	measurement	NOUN
fueconorg-5201	54	33	might	might	AUX
fueconorg-5201	54	34	cause	cause	VERB
fueconorg-5201	54	35	underestimation	underestimation	NOUN
fueconorg-5201	54	36	of	of	ADP
fueconorg-5201	54	37	the	the	DET
fueconorg-5201	54	38	returns	return	NOUN
fueconorg-5201	54	39	realized	realize	VERB
fueconorg-5201	54	40	by	by	ADP
fueconorg-5201	54	41	the	the	DET
fueconorg-5201	54	42	bidder	bidder	NOUN
fueconorg-5201	54	43	shareholders	shareholder	NOUN
fueconorg-5201	54	44	upon	upon	SCONJ
fueconorg-5201	54	45	transaction	transaction	NOUN
fueconorg-5201	54	46	announcement	announcement	NOUN
fueconorg-5201	54	47	.	.	PUNCT
fueconorg-5201	55	1	relaying	relay	VERB
fueconorg-5201	55	2	on	on	ADP
fueconorg-5201	55	3	this	this	DET
fueconorg-5201	55	4	finding	finding	NOUN
fueconorg-5201	55	5	we	we	PRON
fueconorg-5201	55	6	are	be	AUX
fueconorg-5201	55	7	introducing	introduce	VERB
fueconorg-5201	55	8	time	time	NOUN
fueconorg-5201	55	9	frame	frame	NOUN
fueconorg-5201	55	10	as	as	ADP
fueconorg-5201	55	11	one	one	NUM
fueconorg-5201	55	12	of	of	ADP
fueconorg-5201	55	13	the	the	DET
fueconorg-5201	55	14	key	key	ADJ
fueconorg-5201	55	15	features	feature	NOUN
fueconorg-5201	55	16	of	of	ADP
fueconorg-5201	55	17	our	our	PRON
fueconorg-5201	55	18	bid	bid	NOUN
fueconorg-5201	55	19	premium	premium	NOUN
fueconorg-5201	55	20	analysis	analysis	NOUN
fueconorg-5201	55	21	.	.	PUNCT
fueconorg-5201	56	1	with	with	ADP
fueconorg-5201	56	2	regard	regard	NOUN
fueconorg-5201	56	3	to	to	ADP
fueconorg-5201	56	4	the	the	DET
fueconorg-5201	56	5	generation	generation	NOUN
fueconorg-5201	56	6	and	and	CCONJ
fueconorg-5201	56	7	distribution	distribution	NOUN
fueconorg-5201	56	8	of	of	ADP
fueconorg-5201	56	9	the	the	DET
fueconorg-5201	56	10	total	total	ADJ
fueconorg-5201	56	11	gains	gain	NOUN
fueconorg-5201	56	12	realized	realize	VERB
fueconorg-5201	56	13	in	in	ADP
fueconorg-5201	56	14	m&a	m&a	PROPN
fueconorg-5201	56	15	transactions	transaction	NOUN
fueconorg-5201	56	16	,	,	PUNCT
fueconorg-5201	56	17	results	result	NOUN
fueconorg-5201	56	18	of	of	ADP
fueconorg-5201	56	19	the	the	DET
fueconorg-5201	56	20	sample	sample	NOUN
fueconorg-5201	56	21	studies	study	NOUN
fueconorg-5201	56	22	encompassing	encompass	VERB
fueconorg-5201	56	23	international	international	ADJ
fueconorg-5201	56	24	m&as	m&as	PROPN
fueconorg-5201	56	25	ought	ought	AUX
fueconorg-5201	56	26	to	to	PART
fueconorg-5201	56	27	be	be	AUX
fueconorg-5201	56	28	considered	consider	VERB
fueconorg-5201	56	29	,	,	PUNCT
fueconorg-5201	56	30	especially	especially	ADV
fueconorg-5201	56	31	those	those	PRON
fueconorg-5201	56	32	where	where	SCONJ
fueconorg-5201	56	33	companies	company	NOUN
fueconorg-5201	56	34	operating	operate	VERB
fueconorg-5201	56	35	in	in	ADP
fueconorg-5201	56	36	the	the	DET
fueconorg-5201	56	37	countries	country	NOUN
fueconorg-5201	56	38	with	with	ADP
fueconorg-5201	56	39	developed	develop	VERB
fueconorg-5201	56	40	market	market	NOUN
fueconorg-5201	56	41	economies	economy	NOUN
fueconorg-5201	56	42	were	be	AUX
fueconorg-5201	56	43	observed	observe	VERB
fueconorg-5201	56	44	as	as	ADP
fueconorg-5201	56	45	bidders	bidder	NOUN
fueconorg-5201	56	46	and	and	CCONJ
fueconorg-5201	56	47	companies	company	NOUN
fueconorg-5201	56	48	operating	operate	VERB
fueconorg-5201	56	49	in	in	ADP
fueconorg-5201	56	50	developing	develop	VERB
fueconorg-5201	56	51	countries	country	NOUN
fueconorg-5201	56	52	as	as	ADP
fueconorg-5201	56	53	targets	target	NOUN
fueconorg-5201	56	54	.	.	PUNCT
fueconorg-5201	57	1	the	the	DET
fueconorg-5201	57	2	results	result	NOUN
fueconorg-5201	57	3	of	of	ADP
fueconorg-5201	57	4	related	related	ADJ
fueconorg-5201	57	5	studies	study	NOUN
fueconorg-5201	57	6	show	show	VERB
fueconorg-5201	57	7	that	that	SCONJ
fueconorg-5201	57	8	shareholders	shareholder	NOUN
fueconorg-5201	57	9	commonly	commonly	ADV
fueconorg-5201	57	10	realize	realize	VERB
fueconorg-5201	57	11	positive	positive	ADJ
fueconorg-5201	57	12	combined	combined	ADJ
fueconorg-5201	57	13	returns	return	NOUN
fueconorg-5201	57	14	in	in	ADP
fueconorg-5201	57	15	such	such	ADJ
fueconorg-5201	57	16	transactions	transaction	NOUN
fueconorg-5201	57	17	,	,	PUNCT
fueconorg-5201	57	18	whereby	whereby	SCONJ
fueconorg-5201	57	19	the	the	DET
fueconorg-5201	57	20	gains	gain	NOUN
fueconorg-5201	57	21	are	be	AUX
fueconorg-5201	57	22	unevenly	unevenly	ADV
fueconorg-5201	57	23	distributed	distribute	VERB
fueconorg-5201	57	24	in	in	ADP
fueconorg-5201	57	25	favor	favor	NOUN
fueconorg-5201	57	26	of	of	ADP
fueconorg-5201	57	27	the	the	DET
fueconorg-5201	57	28	bidders	bidder	NOUN
fueconorg-5201	57	29	(	(	PUNCT
fueconorg-5201	57	30	bellotti	bellotti	PROPN
fueconorg-5201	57	31	&	&	CCONJ
fueconorg-5201	57	32	williams	williams	PROPN
fueconorg-5201	57	33	,	,	PUNCT
fueconorg-5201	57	34	2008	2008	NUM
fueconorg-5201	57	35	)	)	PUNCT
fueconorg-5201	57	36	.	.	PUNCT
fueconorg-5201	58	1	the	the	DET
fueconorg-5201	58	2	increasing	increase	VERB
fueconorg-5201	58	3	volume	volume	NOUN
fueconorg-5201	58	4	of	of	ADP
fueconorg-5201	58	5	international	international	ADJ
fueconorg-5201	58	6	m&as	m&as	PROPN
fueconorg-5201	58	7	involving	involve	VERB
fueconorg-5201	58	8	companies	company	NOUN
fueconorg-5201	58	9	from	from	ADP
fueconorg-5201	58	10	developing	develop	VERB
fueconorg-5201	58	11	countries	country	NOUN
fueconorg-5201	58	12	as	as	ADP
fueconorg-5201	58	13	bidders	bidder	NOUN
fueconorg-5201	58	14	made	make	VERB
fueconorg-5201	58	15	some	some	DET
fueconorg-5201	58	16	researchers	researcher	NOUN
fueconorg-5201	58	17	deal	deal	VERB
fueconorg-5201	58	18	with	with	ADP
fueconorg-5201	58	19	the	the	DET
fueconorg-5201	58	20	characteristics	characteristic	NOUN
fueconorg-5201	58	21	of	of	ADP
fueconorg-5201	58	22	such	such	ADJ
fueconorg-5201	58	23	transactions	transaction	NOUN
fueconorg-5201	58	24	in	in	ADP
fueconorg-5201	58	25	more	more	ADJ
fueconorg-5201	58	26	detail	detail	NOUN
fueconorg-5201	58	27	.	.	PUNCT
fueconorg-5201	59	1	the	the	DET
fueconorg-5201	59	2	highest	high	ADJ
fueconorg-5201	59	3	growth	growth	NOUN
fueconorg-5201	59	4	in	in	ADP
fueconorg-5201	59	5	value	value	NOUN
fueconorg-5201	59	6	of	of	ADP
fueconorg-5201	59	7	such	such	ADJ
fueconorg-5201	59	8	transactions	transaction	NOUN
fueconorg-5201	59	9	of	of	ADP
fueconorg-5201	59	10	as	as	ADV
fueconorg-5201	59	11	much	much	ADJ
fueconorg-5201	59	12	as	as	ADP
fueconorg-5201	59	13	392	392	NUM
fueconorg-5201	59	14	%	%	NOUN
fueconorg-5201	59	15	was	be	AUX
fueconorg-5201	59	16	identified	identify	VERB
fueconorg-5201	59	17	in	in	ADP
fueconorg-5201	59	18	the	the	DET
fueconorg-5201	59	19	period	period	NOUN
fueconorg-5201	59	20	from	from	ADP
fueconorg-5201	59	21	2004	2004	NUM
fueconorg-5201	59	22	through	through	ADP
fueconorg-5201	59	23	2008	2008	NUM
fueconorg-5201	59	24	.	.	PUNCT
fueconorg-5201	60	1	in	in	ADP
fueconorg-5201	60	2	2006	2006	NUM
fueconorg-5201	60	3	consulting	consulting	NOUN
fueconorg-5201	60	4	firm	firm	NOUN
fueconorg-5201	60	5	bsg	bsg	PROPN
fueconorg-5201	60	6	published	publish	VERB
fueconorg-5201	60	7	a	a	DET
fueconorg-5201	60	8	study	study	NOUN
fueconorg-5201	60	9	demonstrating	demonstrate	VERB
fueconorg-5201	60	10	that	that	SCONJ
fueconorg-5201	60	11	100	100	NUM
fueconorg-5201	60	12	most	most	ADV
fueconorg-5201	60	13	successful	successful	ADJ
fueconorg-5201	60	14	companies	company	NOUN
fueconorg-5201	60	15	from	from	ADP
fueconorg-5201	60	16	developing	develop	VERB
fueconorg-5201	60	17	countries	country	NOUN
fueconorg-5201	60	18	are	be	AUX
fueconorg-5201	60	19	constantly	constantly	ADV
fueconorg-5201	60	20	strengthening	strengthen	VERB
fueconorg-5201	60	21	their	their	PRON
fueconorg-5201	60	22	global	global	ADJ
fueconorg-5201	60	23	influence	influence	NOUN
fueconorg-5201	60	24	by	by	ADP
fueconorg-5201	60	25	increasing	increase	VERB
fueconorg-5201	60	26	their	their	PRON
fueconorg-5201	60	27	presence	presence	NOUN
fueconorg-5201	60	28	in	in	ADP
fueconorg-5201	60	29	various	various	ADJ
fueconorg-5201	60	30	industries	industry	NOUN
fueconorg-5201	60	31	,	,	PUNCT
fueconorg-5201	60	32	with	with	ADP
fueconorg-5201	60	33	such	such	ADJ
fueconorg-5201	60	34	influence	influence	NOUN
fueconorg-5201	60	35	strengthening	strengthen	VERB
fueconorg-5201	60	36	realized	realize	VERB
fueconorg-5201	60	37	not	not	PART
fueconorg-5201	60	38	exclusively	exclusively	ADV
fueconorg-5201	60	39	through	through	ADP
fueconorg-5201	60	40	export	export	NOUN
fueconorg-5201	60	41	as	as	ADP
fueconorg-5201	60	42	one	one	NUM
fueconorg-5201	60	43	of	of	ADP
fueconorg-5201	60	44	the	the	DET
fueconorg-5201	60	45	possible	possible	ADJ
fueconorg-5201	60	46	channels	channel	NOUN
fueconorg-5201	60	47	,	,	PUNCT
fueconorg-5201	60	48	but	but	CCONJ
fueconorg-5201	60	49	rather	rather	ADV
fueconorg-5201	60	50	through	through	ADP
fueconorg-5201	60	51	the	the	DET
fueconorg-5201	60	52	ever	ever	ADV
fueconorg-5201	60	53	growing	grow	VERB
fueconorg-5201	60	54	volume	volume	NOUN
fueconorg-5201	60	55	of	of	ADP
fueconorg-5201	60	56	international	international	ADJ
fueconorg-5201	60	57	m&a	m&a	PROPN
fueconorg-5201	60	58	transactions	transaction	NOUN
fueconorg-5201	60	59	in	in	ADP
fueconorg-5201	60	60	which	which	PRON
fueconorg-5201	60	61	these	these	DET
fueconorg-5201	60	62	companies	company	NOUN
fueconorg-5201	60	63	appear	appear	VERB
fueconorg-5201	60	64	as	as	ADP
fueconorg-5201	60	65	bidders	bidder	NOUN
fueconorg-5201	60	66	(	(	PUNCT
fueconorg-5201	60	67	bhagat	bhagat	PROPN
fueconorg-5201	60	68	&	&	CCONJ
fueconorg-5201	60	69	malhotra	malhotra	PROPN
fueconorg-5201	60	70	,	,	PUNCT
fueconorg-5201	60	71	2011	2011	NUM
fueconorg-5201	60	72	)	)	PUNCT
fueconorg-5201	60	73	.	.	PUNCT
fueconorg-5201	61	1	in	in	ADP
fueconorg-5201	61	2	general	general	ADJ
fueconorg-5201	61	3	,	,	PUNCT
fueconorg-5201	61	4	the	the	DET
fueconorg-5201	61	5	main	main	ADJ
fueconorg-5201	61	6	drivers	driver	NOUN
fueconorg-5201	61	7	of	of	ADP
fueconorg-5201	61	8	the	the	DET
fueconorg-5201	61	9	bidders	bidder	NOUN
fueconorg-5201	61	10	from	from	ADP
fueconorg-5201	61	11	developing	develop	VERB
fueconorg-5201	61	12	countries	country	NOUN
fueconorg-5201	61	13	in	in	ADP
fueconorg-5201	61	14	targeting	target	VERB
fueconorg-5201	61	15	companies	company	NOUN
fueconorg-5201	61	16	from	from	ADP
fueconorg-5201	61	17	the	the	DET
fueconorg-5201	61	18	countries	country	NOUN
fueconorg-5201	61	19	with	with	ADP
fueconorg-5201	61	20	developed	develop	VERB
fueconorg-5201	61	21	market	market	NOUN
fueconorg-5201	61	22	economies	economy	NOUN
fueconorg-5201	61	23	are	be	AUX
fueconorg-5201	61	24	classified	classify	VERB
fueconorg-5201	61	25	into	into	ADP
fueconorg-5201	61	26	two	two	NUM
fueconorg-5201	61	27	major	major	ADJ
fueconorg-5201	61	28	groups	group	NOUN
fueconorg-5201	61	29	:	:	PUNCT
fueconorg-5201	61	30	(	(	PUNCT
fueconorg-5201	61	31	1	1	X
fueconorg-5201	61	32	)	)	PUNCT
fueconorg-5201	61	33	acquisition	acquisition	NOUN
fueconorg-5201	61	34	of	of	ADP
fueconorg-5201	61	35	strategically	strategically	ADV
fueconorg-5201	61	36	valuable	valuable	ADJ
fueconorg-5201	61	37	resources	resource	NOUN
fueconorg-5201	61	38	such	such	ADJ
fueconorg-5201	61	39	as	as	ADP
fueconorg-5201	61	40	technology	technology	NOUN
fueconorg-5201	61	41	,	,	PUNCT
fueconorg-5201	61	42	brand	brand	NOUN
fueconorg-5201	61	43	,	,	PUNCT
fueconorg-5201	61	44	managerial	managerial	ADJ
fueconorg-5201	61	45	talent	talent	NOUN
fueconorg-5201	61	46	,	,	PUNCT
fueconorg-5201	61	47	distribution	distribution	NOUN
fueconorg-5201	61	48	channels	channel	NOUN
fueconorg-5201	61	49	and	and	CCONJ
fueconorg-5201	61	50	natural	natural	ADJ
fueconorg-5201	61	51	resources	resource	NOUN
fueconorg-5201	61	52	and	and	CCONJ
fueconorg-5201	61	53	(	(	PUNCT
fueconorg-5201	61	54	2	2	NUM
fueconorg-5201	61	55	)	)	PUNCT
fueconorg-5201	61	56	avoidance	avoidance	NOUN
fueconorg-5201	61	57	of	of	ADP
fueconorg-5201	61	58	institutional	institutional	ADJ
fueconorg-5201	61	59	restrictions	restriction	NOUN
fueconorg-5201	61	60	existing	exist	VERB
fueconorg-5201	61	61	in	in	ADP
fueconorg-5201	61	62	their	their	PRON
fueconorg-5201	61	63	countries	country	NOUN
fueconorg-5201	61	64	of	of	ADP
fueconorg-5201	61	65	origin	origin	NOUN
fueconorg-5201	61	66	.	.	PUNCT
fueconorg-5201	62	1	these	these	DET
fueconorg-5201	62	2	transactions	transaction	NOUN
fueconorg-5201	62	3	create	create	VERB
fueconorg-5201	62	4	value	value	NOUN
fueconorg-5201	62	5	on	on	ADP
fueconorg-5201	62	6	the	the	DET
fueconorg-5201	62	7	average	average	NOUN
fueconorg-5201	62	8	,	,	PUNCT
fueconorg-5201	62	9	where	where	SCONJ
fueconorg-5201	62	10	the	the	DET
fueconorg-5201	62	11	cultural	cultural	ADJ
fueconorg-5201	62	12	differences	difference	NOUN
fueconorg-5201	62	13	between	between	ADP
fueconorg-5201	62	14	the	the	DET
fueconorg-5201	62	15	bidders	bidder	NOUN
fueconorg-5201	62	16	and	and	CCONJ
fueconorg-5201	62	17	the	the	DET
fueconorg-5201	62	18	targets	target	NOUN
fueconorg-5201	62	19	pose	pose	VERB
fueconorg-5201	62	20	the	the	DET
fueconorg-5201	62	21	most	most	ADV
fueconorg-5201	62	22	significant	significant	ADJ
fueconorg-5201	62	23	barrier	barrier	NOUN
fueconorg-5201	62	24	to	to	PART
fueconorg-5201	62	25	value	value	VERB
fueconorg-5201	62	26	creation	creation	NOUN
fueconorg-5201	62	27	.	.	PUNCT
fueconorg-5201	63	1	in	in	ADP
fueconorg-5201	63	2	fact	fact	NOUN
fueconorg-5201	63	3	,	,	PUNCT
fueconorg-5201	63	4	in	in	ADP
fueconorg-5201	63	5	instances	instance	NOUN
fueconorg-5201	63	6	of	of	ADP
fueconorg-5201	63	7	international	international	ADJ
fueconorg-5201	63	8	m&as	m&as	NOUN
fueconorg-5201	63	9	,	,	PUNCT
fueconorg-5201	63	10	the	the	DET
fueconorg-5201	63	11	capacity	capacity	NOUN
fueconorg-5201	63	12	to	to	PART
fueconorg-5201	63	13	learn	learn	VERB
fueconorg-5201	63	14	and	and	CCONJ
fueconorg-5201	63	15	the	the	DET
fueconorg-5201	63	16	level	level	NOUN
fueconorg-5201	63	17	of	of	ADP
fueconorg-5201	63	18	adaptability	adaptability	NOUN
fueconorg-5201	63	19	to	to	ADP
fueconorg-5201	63	20	a	a	DET
fueconorg-5201	63	21	new	new	ADJ
fueconorg-5201	63	22	cultural	cultural	ADJ
fueconorg-5201	63	23	environment	environment	NOUN
fueconorg-5201	63	24	are	be	AUX
fueconorg-5201	63	25	crucial	crucial	ADJ
fueconorg-5201	63	26	determinants	determinant	NOUN
fueconorg-5201	63	27	of	of	ADP
fueconorg-5201	63	28	success	success	NOUN
fueconorg-5201	63	29	.	.	PUNCT
fueconorg-5201	64	1	realization	realization	NOUN
fueconorg-5201	64	2	of	of	ADP
fueconorg-5201	64	3	abnormal	abnormal	ADJ
fueconorg-5201	64	4	returns	return	NOUN
fueconorg-5201	64	5	is	be	AUX
fueconorg-5201	64	6	in	in	ADP
fueconorg-5201	64	7	line	line	NOUN
fueconorg-5201	64	8	with	with	ADP
fueconorg-5201	64	9	the	the	DET
fueconorg-5201	64	10	so	so	ADV
fueconorg-5201	64	11	-	-	PUNCT
fueconorg-5201	64	12	called	call	VERB
fueconorg-5201	64	13	bootstrapping	bootstrapping	ADJ
fueconorg-5201	64	14	hypothesis	hypothesis	NOUN
fueconorg-5201	64	15	assuming	assume	VERB
fueconorg-5201	64	16	that	that	SCONJ
fueconorg-5201	64	17	bidders	bidder	NOUN
fueconorg-5201	64	18	realize	realize	VERB
fueconorg-5201	64	19	positive	positive	ADJ
fueconorg-5201	64	20	abnormal	abnormal	ADJ
fueconorg-5201	64	21	returns	return	NOUN
fueconorg-5201	64	22	upon	upon	SCONJ
fueconorg-5201	64	23	transaction	transaction	NOUN
fueconorg-5201	64	24	announcement	announcement	NOUN
fueconorg-5201	64	25	where	where	SCONJ
fueconorg-5201	64	26	the	the	DET
fueconorg-5201	64	27	quality	quality	NOUN
fueconorg-5201	64	28	of	of	ADP
fueconorg-5201	64	29	the	the	DET
fueconorg-5201	64	30	target	target	NOUN
fueconorg-5201	64	31	’s	’s	PART
fueconorg-5201	64	32	corporate	corporate	ADJ
fueconorg-5201	64	33	governance	governance	NOUN
fueconorg-5201	64	34	system	system	NOUN
fueconorg-5201	64	35	is	be	AUX
fueconorg-5201	64	36	on	on	ADP
fueconorg-5201	64	37	a	a	DET
fueconorg-5201	64	38	higher	high	ADJ
fueconorg-5201	64	39	level	level	NOUN
fueconorg-5201	64	40	.	.	PUNCT
fueconorg-5201	65	1	it	it	PRON
fueconorg-5201	65	2	is	be	AUX
fueconorg-5201	65	3	assumed	assume	VERB
fueconorg-5201	65	4	that	that	SCONJ
fueconorg-5201	65	5	,	,	PUNCT
fueconorg-5201	65	6	in	in	ADP
fueconorg-5201	65	7	such	such	DET
fueconorg-5201	65	8	an	an	DET
fueconorg-5201	65	9	instance	instance	NOUN
fueconorg-5201	65	10	,	,	PUNCT
fueconorg-5201	65	11	the	the	DET
fueconorg-5201	65	12	bidder	bidder	NOUN
fueconorg-5201	65	13	enters	enter	VERB
fueconorg-5201	65	14	into	into	ADP
fueconorg-5201	65	15	the	the	DET
fueconorg-5201	65	16	transaction	transaction	NOUN
fueconorg-5201	65	17	,	,	PUNCT
fueconorg-5201	65	18	among	among	ADP
fueconorg-5201	65	19	other	other	ADJ
fueconorg-5201	65	20	reasons	reason	NOUN
fueconorg-5201	65	21	,	,	PUNCT
fueconorg-5201	65	22	in	in	ADP
fueconorg-5201	65	23	order	order	NOUN
fueconorg-5201	65	24	to	to	PART
fueconorg-5201	65	25	adopt	adopt	VERB
fueconorg-5201	65	26	and	and	CCONJ
fueconorg-5201	65	27	implement	implement	VERB
fueconorg-5201	65	28	the	the	DET
fueconorg-5201	65	29	higher	high	ADJ
fueconorg-5201	65	30	corporate	corporate	ADJ
fueconorg-5201	65	31	governance	governance	NOUN
fueconorg-5201	65	32	why	why	SCONJ
fueconorg-5201	65	33	pay	pay	VERB
fueconorg-5201	65	34	more	more	ADJ
fueconorg-5201	65	35	–	–	PUNCT
fueconorg-5201	65	36	world	world	NOUN
fueconorg-5201	65	37	evidence	evidence	NOUN
fueconorg-5201	65	38	on	on	ADP
fueconorg-5201	65	39	m&a	m&a	PROPN
fueconorg-5201	65	40	bid	bid	NOUN
fueconorg-5201	65	41	premium	premium	NOUN
fueconorg-5201	65	42	determinants	determinant	NOUN
fueconorg-5201	65	43	303	303	NUM
fueconorg-5201	65	44	quality	quality	NOUN
fueconorg-5201	65	45	standards	standard	NOUN
fueconorg-5201	65	46	the	the	DET
fueconorg-5201	65	47	target	target	NOUN
fueconorg-5201	65	48	has	have	VERB
fueconorg-5201	65	49	in	in	ADP
fueconorg-5201	65	50	place	place	NOUN
fueconorg-5201	65	51	(	(	PUNCT
fueconorg-5201	65	52	bhagat	bhagat	PROPN
fueconorg-5201	65	53	et	et	PROPN
fueconorg-5201	65	54	al	al	PROPN
fueconorg-5201	65	55	.	.	PROPN
fueconorg-5201	65	56	,	,	PUNCT
fueconorg-5201	65	57	2011	2011	NUM
fueconorg-5201	65	58	;	;	PUNCT
fueconorg-5201	65	59	de	de	X
fueconorg-5201	65	60	buele	buele	PROPN
fueconorg-5201	65	61	and	and	CCONJ
fueconorg-5201	65	62	sels	sel	NOUN
fueconorg-5201	65	63	,	,	PUNCT
fueconorg-5201	65	64	2016	2016	NUM
fueconorg-5201	65	65	,	,	PUNCT
fueconorg-5201	65	66	li	li	PROPN
fueconorg-5201	65	67	et	et	PROPN
fueconorg-5201	65	68	al	al	PROPN
fueconorg-5201	65	69	.	.	PROPN
fueconorg-5201	65	70	,	,	PUNCT
fueconorg-5201	65	71	2016	2016	NUM
fueconorg-5201	65	72	)	)	PUNCT
fueconorg-5201	65	73	.	.	PUNCT
fueconorg-5201	66	1	brock	brock	PROPN
fueconorg-5201	66	2	(	(	PUNCT
fueconorg-5201	66	3	2005	2005	NUM
fueconorg-5201	66	4	)	)	PUNCT
fueconorg-5201	66	5	also	also	ADV
fueconorg-5201	66	6	finds	find	VERB
fueconorg-5201	66	7	that	that	SCONJ
fueconorg-5201	66	8	“	"	PUNCT
fueconorg-5201	66	9	the	the	DET
fueconorg-5201	66	10	cultural	cultural	ADJ
fueconorg-5201	66	11	match	match	NOUN
fueconorg-5201	66	12	or	or	CCONJ
fueconorg-5201	66	13	mismatch	mismatch	NOUN
fueconorg-5201	66	14	between	between	ADP
fueconorg-5201	66	15	the	the	DET
fueconorg-5201	66	16	parties	party	NOUN
fueconorg-5201	66	17	in	in	ADP
fueconorg-5201	66	18	international	international	ADJ
fueconorg-5201	66	19	m&as	m&as	PROPN
fueconorg-5201	66	20	shape	shape	VERB
fueconorg-5201	66	21	their	their	PRON
fueconorg-5201	66	22	ability	ability	NOUN
fueconorg-5201	66	23	to	to	PART
fueconorg-5201	66	24	successfully	successfully	ADV
fueconorg-5201	66	25	integrate	integrate	VERB
fueconorg-5201	66	26	and	and	CCONJ
fueconorg-5201	66	27	share	share	NOUN
fueconorg-5201	66	28	resources	resource	NOUN
fueconorg-5201	66	29	,	,	PUNCT
fueconorg-5201	66	30	which	which	PRON
fueconorg-5201	66	31	in	in	ADP
fueconorg-5201	66	32	turn	turn	NOUN
fueconorg-5201	66	33	affects	affect	VERB
fueconorg-5201	66	34	the	the	DET
fueconorg-5201	66	35	ability	ability	NOUN
fueconorg-5201	66	36	to	to	PART
fueconorg-5201	66	37	realize	realize	VERB
fueconorg-5201	66	38	synergies	synergy	NOUN
fueconorg-5201	66	39	”	"	PUNCT
fueconorg-5201	66	40	.	.	PUNCT
fueconorg-5201	67	1	apart	apart	ADV
fueconorg-5201	67	2	from	from	ADP
fueconorg-5201	67	3	institutional	institutional	ADJ
fueconorg-5201	67	4	environment	environment	NOUN
fueconorg-5201	67	5	and	and	CCONJ
fueconorg-5201	67	6	economic	economic	ADJ
fueconorg-5201	67	7	development	development	NOUN
fueconorg-5201	67	8	of	of	ADP
fueconorg-5201	67	9	m&a	m&a	PROPN
fueconorg-5201	67	10	transaction	transaction	NOUN
fueconorg-5201	67	11	participants	participant	NOUN
fueconorg-5201	67	12	,	,	PUNCT
fueconorg-5201	67	13	payment	payment	NOUN
fueconorg-5201	67	14	method	method	NOUN
fueconorg-5201	67	15	and	and	CCONJ
fueconorg-5201	67	16	motives	motive	NOUN
fueconorg-5201	67	17	for	for	ADP
fueconorg-5201	67	18	entering	enter	VERB
fueconorg-5201	67	19	the	the	DET
fueconorg-5201	67	20	deal	deal	NOUN
fueconorg-5201	67	21	are	be	AUX
fueconorg-5201	67	22	important	important	ADJ
fueconorg-5201	67	23	bid	bid	VERB
fueconorg-5201	67	24	premium	premium	NOUN
fueconorg-5201	67	25	determinants	determinant	NOUN
fueconorg-5201	67	26	.	.	PUNCT
fueconorg-5201	68	1	numerous	numerous	ADJ
fueconorg-5201	68	2	empirical	empirical	ADJ
fueconorg-5201	68	3	studies	study	NOUN
fueconorg-5201	68	4	investigating	investigate	VERB
fueconorg-5201	68	5	the	the	DET
fueconorg-5201	68	6	impact	impact	NOUN
fueconorg-5201	68	7	of	of	ADP
fueconorg-5201	68	8	the	the	DET
fueconorg-5201	68	9	selected	select	VERB
fueconorg-5201	68	10	payment	payment	NOUN
fueconorg-5201	68	11	method	method	NOUN
fueconorg-5201	68	12	on	on	ADP
fueconorg-5201	68	13	the	the	DET
fueconorg-5201	68	14	bid	bid	NOUN
fueconorg-5201	68	15	premium	premium	NOUN
fueconorg-5201	68	16	amounts	amount	NOUN
fueconorg-5201	68	17	and	and	CCONJ
fueconorg-5201	68	18	successfulness	successfulness	NOUN
fueconorg-5201	68	19	of	of	ADP
fueconorg-5201	68	20	m&a	m&a	PROPN
fueconorg-5201	68	21	transactions	transaction	NOUN
fueconorg-5201	68	22	have	have	AUX
fueconorg-5201	68	23	not	not	PART
fueconorg-5201	68	24	produced	produce	VERB
fueconorg-5201	68	25	uniform	uniform	ADJ
fueconorg-5201	68	26	conclusions	conclusion	NOUN
fueconorg-5201	68	27	.	.	PUNCT
fueconorg-5201	69	1	great	great	ADJ
fueconorg-5201	69	2	many	many	ADJ
fueconorg-5201	69	3	studies	study	NOUN
fueconorg-5201	69	4	conducted	conduct	VERB
fueconorg-5201	69	5	in	in	ADP
fueconorg-5201	69	6	the	the	DET
fueconorg-5201	69	7	usa	usa	PROPN
fueconorg-5201	69	8	almost	almost	ADV
fueconorg-5201	69	9	unanimously	unanimously	ADV
fueconorg-5201	69	10	found	find	VERB
fueconorg-5201	69	11	that	that	SCONJ
fueconorg-5201	69	12	transactions	transaction	NOUN
fueconorg-5201	69	13	entirely	entirely	ADV
fueconorg-5201	69	14	financed	finance	VERB
fueconorg-5201	69	15	with	with	ADP
fueconorg-5201	69	16	shares	share	NOUN
fueconorg-5201	69	17	result	result	VERB
fueconorg-5201	69	18	in	in	ADP
fueconorg-5201	69	19	negative	negative	ADJ
fueconorg-5201	69	20	returns	return	NOUN
fueconorg-5201	69	21	and	and	CCONJ
fueconorg-5201	69	22	low	low	ADJ
fueconorg-5201	69	23	performance	performance	NOUN
fueconorg-5201	69	24	to	to	ADP
fueconorg-5201	69	25	the	the	DET
fueconorg-5201	69	26	bidders	bidder	NOUN
fueconorg-5201	69	27	.	.	PUNCT
fueconorg-5201	70	1	on	on	ADP
fueconorg-5201	70	2	the	the	DET
fueconorg-5201	70	3	other	other	ADJ
fueconorg-5201	70	4	hand	hand	NOUN
fueconorg-5201	70	5	,	,	PUNCT
fueconorg-5201	70	6	studies	study	NOUN
fueconorg-5201	70	7	conducted	conduct	VERB
fueconorg-5201	70	8	in	in	ADP
fueconorg-5201	70	9	europe	europe	PROPN
fueconorg-5201	70	10	demonstrate	demonstrate	VERB
fueconorg-5201	70	11	that	that	SCONJ
fueconorg-5201	70	12	share	share	NOUN
fueconorg-5201	70	13	-	-	PUNCT
fueconorg-5201	70	14	based	base	VERB
fueconorg-5201	70	15	financing	financing	NOUN
fueconorg-5201	70	16	of	of	ADP
fueconorg-5201	70	17	transactions	transaction	NOUN
fueconorg-5201	70	18	may	may	AUX
fueconorg-5201	70	19	result	result	VERB
fueconorg-5201	70	20	in	in	ADP
fueconorg-5201	70	21	positive	positive	ADJ
fueconorg-5201	70	22	and	and	CCONJ
fueconorg-5201	70	23	sometimes	sometimes	ADV
fueconorg-5201	70	24	statistically	statistically	ADV
fueconorg-5201	70	25	significant	significant	ADJ
fueconorg-5201	70	26	returns	return	NOUN
fueconorg-5201	70	27	to	to	ADP
fueconorg-5201	70	28	the	the	DET
fueconorg-5201	70	29	bidders	bidder	NOUN
fueconorg-5201	70	30	.	.	PUNCT
fueconorg-5201	71	1	similarly	similarly	ADV
fueconorg-5201	71	2	,	,	PUNCT
fueconorg-5201	71	3	certain	certain	ADJ
fueconorg-5201	71	4	authors	author	NOUN
fueconorg-5201	71	5	claim	claim	VERB
fueconorg-5201	71	6	that	that	SCONJ
fueconorg-5201	71	7	higher	high	ADJ
fueconorg-5201	71	8	bid	bid	NOUN
fueconorg-5201	71	9	premiums	premium	NOUN
fueconorg-5201	71	10	positively	positively	ADV
fueconorg-5201	71	11	correlate	correlate	VERB
fueconorg-5201	71	12	to	to	ADP
fueconorg-5201	71	13	the	the	DET
fueconorg-5201	71	14	predominant	predominant	ADJ
fueconorg-5201	71	15	cash	cash	NOUN
fueconorg-5201	71	16	payments	payment	NOUN
fueconorg-5201	71	17	(	(	PUNCT
fueconorg-5201	71	18	de	de	X
fueconorg-5201	71	19	la	la	X
fueconorg-5201	71	20	bruslerie	bruslerie	NOUN
fueconorg-5201	71	21	,	,	PUNCT
fueconorg-5201	71	22	2013	2013	NUM
fueconorg-5201	71	23	)	)	PUNCT
fueconorg-5201	71	24	.	.	PUNCT
fueconorg-5201	72	1	chatterjee	chatterjee	PROPN
fueconorg-5201	72	2	and	and	CCONJ
fueconorg-5201	72	3	kuenzi	kuenzi	PROPN
fueconorg-5201	72	4	(	(	PUNCT
fueconorg-5201	72	5	2001	2001	NUM
fueconorg-5201	72	6	)	)	PUNCT
fueconorg-5201	72	7	find	find	VERB
fueconorg-5201	72	8	that	that	SCONJ
fueconorg-5201	72	9	announcements	announcement	NOUN
fueconorg-5201	72	10	of	of	ADP
fueconorg-5201	72	11	m&a	m&a	PROPN
fueconorg-5201	72	12	transactions	transaction	NOUN
fueconorg-5201	72	13	involving	involve	VERB
fueconorg-5201	72	14	bidders	bidder	NOUN
fueconorg-5201	72	15	with	with	ADP
fueconorg-5201	72	16	surplus	surplus	ADJ
fueconorg-5201	72	17	cash	cash	NOUN
fueconorg-5201	72	18	funds	fund	NOUN
fueconorg-5201	72	19	ought	ought	AUX
fueconorg-5201	72	20	to	to	PART
fueconorg-5201	72	21	bring	bring	VERB
fueconorg-5201	72	22	about	about	ADP
fueconorg-5201	72	23	negative	negative	ADJ
fueconorg-5201	72	24	returns	return	NOUN
fueconorg-5201	72	25	to	to	ADP
fueconorg-5201	72	26	the	the	DET
fueconorg-5201	72	27	bidder	bidder	NOUN
fueconorg-5201	72	28	shareholders	shareholder	NOUN
fueconorg-5201	72	29	.	.	PUNCT
fueconorg-5201	73	1	the	the	DET
fueconorg-5201	73	2	payment	payment	NOUN
fueconorg-5201	73	3	method	method	NOUN
fueconorg-5201	73	4	is	be	AUX
fueconorg-5201	73	5	frequently	frequently	ADV
fueconorg-5201	73	6	associated	associate	VERB
fueconorg-5201	73	7	with	with	ADP
fueconorg-5201	73	8	the	the	DET
fueconorg-5201	73	9	level	level	NOUN
fueconorg-5201	73	10	of	of	ADP
fueconorg-5201	73	11	the	the	DET
fueconorg-5201	73	12	shareholder	shareholder	NOUN
fueconorg-5201	73	13	legal	legal	ADJ
fueconorg-5201	73	14	protection	protection	NOUN
fueconorg-5201	73	15	.	.	PUNCT
fueconorg-5201	74	1	the	the	DET
fueconorg-5201	74	2	probability	probability	NOUN
fueconorg-5201	74	3	of	of	ADP
fueconorg-5201	74	4	control	control	NOUN
fueconorg-5201	74	5	takeover	takeover	NOUN
fueconorg-5201	74	6	being	be	AUX
fueconorg-5201	74	7	financed	finance	VERB
fueconorg-5201	74	8	entirely	entirely	ADV
fueconorg-5201	74	9	with	with	ADP
fueconorg-5201	74	10	cash	cash	NOUN
fueconorg-5201	74	11	declines	decline	NOUN
fueconorg-5201	74	12	as	as	ADP
fueconorg-5201	74	13	the	the	DET
fueconorg-5201	74	14	level	level	NOUN
fueconorg-5201	74	15	of	of	ADP
fueconorg-5201	74	16	the	the	DET
fueconorg-5201	74	17	shareholder	shareholder	NOUN
fueconorg-5201	74	18	protection	protection	NOUN
fueconorg-5201	74	19	in	in	ADP
fueconorg-5201	74	20	the	the	DET
fueconorg-5201	74	21	target	target	NOUN
fueconorg-5201	74	22	’s	’s	PART
fueconorg-5201	74	23	country	country	NOUN
fueconorg-5201	74	24	of	of	ADP
fueconorg-5201	74	25	origin	origin	NOUN
fueconorg-5201	74	26	rises	rise	NOUN
fueconorg-5201	74	27	,	,	PUNCT
fueconorg-5201	74	28	which	which	PRON
fueconorg-5201	74	29	is	be	AUX
fueconorg-5201	74	30	explained	explain	VERB
fueconorg-5201	74	31	by	by	ADP
fueconorg-5201	74	32	the	the	DET
fueconorg-5201	74	33	fact	fact	NOUN
fueconorg-5201	74	34	that	that	SCONJ
fueconorg-5201	74	35	the	the	DET
fueconorg-5201	74	36	high	high	ADJ
fueconorg-5201	74	37	levels	level	NOUN
fueconorg-5201	74	38	of	of	ADP
fueconorg-5201	74	39	shareholder	shareholder	NOUN
fueconorg-5201	74	40	protection	protection	NOUN
fueconorg-5201	74	41	increase	increase	VERB
fueconorg-5201	74	42	the	the	DET
fueconorg-5201	74	43	availability	availability	NOUN
fueconorg-5201	74	44	of	of	ADP
fueconorg-5201	74	45	financing	financing	NOUN
fueconorg-5201	74	46	with	with	ADP
fueconorg-5201	74	47	equity	equity	NOUN
fueconorg-5201	74	48	instruments	instrument	NOUN
fueconorg-5201	74	49	.	.	PUNCT
fueconorg-5201	75	1	on	on	ADP
fueconorg-5201	75	2	the	the	DET
fueconorg-5201	75	3	other	other	ADJ
fueconorg-5201	75	4	hand	hand	NOUN
fueconorg-5201	75	5	,	,	PUNCT
fueconorg-5201	75	6	in	in	ADP
fueconorg-5201	75	7	the	the	DET
fueconorg-5201	75	8	countries	country	NOUN
fueconorg-5201	75	9	with	with	ADP
fueconorg-5201	75	10	low	low	ADJ
fueconorg-5201	75	11	levels	level	NOUN
fueconorg-5201	75	12	of	of	ADP
fueconorg-5201	75	13	shareholder	shareholder	NOUN
fueconorg-5201	75	14	protection	protection	NOUN
fueconorg-5201	75	15	,	,	PUNCT
fueconorg-5201	75	16	shareholders	shareholder	NOUN
fueconorg-5201	75	17	will	will	AUX
fueconorg-5201	75	18	be	be	AUX
fueconorg-5201	75	19	more	more	ADV
fueconorg-5201	75	20	willing	willing	ADJ
fueconorg-5201	75	21	to	to	PART
fueconorg-5201	75	22	accept	accept	VERB
fueconorg-5201	75	23	offers	offer	NOUN
fueconorg-5201	75	24	for	for	ADP
fueconorg-5201	75	25	payment	payment	NOUN
fueconorg-5201	75	26	in	in	ADP
fueconorg-5201	75	27	cash	cash	NOUN
fueconorg-5201	75	28	than	than	ADP
fueconorg-5201	75	29	share	share	NOUN
fueconorg-5201	75	30	-	-	PUNCT
fueconorg-5201	75	31	based	base	VERB
fueconorg-5201	75	32	payment	payment	NOUN
fueconorg-5201	75	33	offers	offer	NOUN
fueconorg-5201	75	34	(	(	PUNCT
fueconorg-5201	75	35	rossi	rossi	PROPN
fueconorg-5201	75	36	&	&	CCONJ
fueconorg-5201	75	37	volpin	volpin	PROPN
fueconorg-5201	75	38	,	,	PUNCT
fueconorg-5201	75	39	2004	2004	NUM
fueconorg-5201	75	40	)	)	PUNCT
fueconorg-5201	75	41	.	.	PUNCT
fueconorg-5201	76	1	based	base	VERB
fueconorg-5201	76	2	on	on	ADP
fueconorg-5201	76	3	empirical	empirical	ADJ
fueconorg-5201	76	4	and	and	CCONJ
fueconorg-5201	76	5	theoretical	theoretical	ADJ
fueconorg-5201	76	6	findings	finding	NOUN
fueconorg-5201	76	7	most	most	ADV
fueconorg-5201	76	8	commonly	commonly	ADV
fueconorg-5201	76	9	expressed	express	VERB
fueconorg-5201	76	10	motive	motive	NOUN
fueconorg-5201	76	11	for	for	ADP
fueconorg-5201	76	12	entering	enter	VERB
fueconorg-5201	76	13	an	an	DET
fueconorg-5201	76	14	m&a	m&a	PROPN
fueconorg-5201	76	15	transaction	transaction	NOUN
fueconorg-5201	76	16	is	be	AUX
fueconorg-5201	76	17	creation	creation	NOUN
fueconorg-5201	76	18	of	of	ADP
fueconorg-5201	76	19	value	value	NOUN
fueconorg-5201	76	20	,	,	PUNCT
fueconorg-5201	76	21	which	which	PRON
fueconorg-5201	76	22	may	may	AUX
fueconorg-5201	76	23	be	be	AUX
fueconorg-5201	76	24	realized	realize	VERB
fueconorg-5201	76	25	through	through	ADP
fueconorg-5201	76	26	synergy	synergy	NOUN
fueconorg-5201	76	27	effects	effect	NOUN
fueconorg-5201	76	28	arising	arise	VERB
fueconorg-5201	76	29	from	from	ADP
fueconorg-5201	76	30	either	either	CCONJ
fueconorg-5201	76	31	the	the	DET
fueconorg-5201	76	32	strategic	strategic	ADJ
fueconorg-5201	76	33	fit	fit	NOUN
fueconorg-5201	76	34	(	(	PUNCT
fueconorg-5201	76	35	operating	operating	NOUN
fueconorg-5201	76	36	synergy	synergy	NOUN
fueconorg-5201	76	37	)	)	PUNCT
fueconorg-5201	76	38	or	or	CCONJ
fueconorg-5201	76	39	through	through	ADP
fueconorg-5201	76	40	utilization	utilization	NOUN
fueconorg-5201	76	41	of	of	ADP
fueconorg-5201	76	42	the	the	DET
fueconorg-5201	76	43	financial	financial	ADJ
fueconorg-5201	76	44	benefits	benefit	NOUN
fueconorg-5201	76	45	from	from	ADP
fueconorg-5201	76	46	the	the	DET
fueconorg-5201	76	47	combination	combination	NOUN
fueconorg-5201	76	48	(	(	PUNCT
fueconorg-5201	76	49	financial	financial	ADJ
fueconorg-5201	76	50	synergy	synergy	NOUN
fueconorg-5201	76	51	)	)	PUNCT
fueconorg-5201	76	52	.	.	PUNCT
fueconorg-5201	77	1	although	although	SCONJ
fueconorg-5201	77	2	both	both	DET
fueconorg-5201	77	3	types	type	NOUN
fueconorg-5201	77	4	of	of	ADP
fueconorg-5201	77	5	synergy	synergy	NOUN
fueconorg-5201	77	6	effects	effect	NOUN
fueconorg-5201	77	7	are	be	AUX
fueconorg-5201	77	8	perceived	perceive	VERB
fueconorg-5201	77	9	as	as	ADP
fueconorg-5201	77	10	desirable	desirable	ADJ
fueconorg-5201	77	11	,	,	PUNCT
fueconorg-5201	77	12	it	it	PRON
fueconorg-5201	77	13	is	be	AUX
fueconorg-5201	77	14	expected	expect	VERB
fueconorg-5201	77	15	that	that	SCONJ
fueconorg-5201	77	16	an	an	DET
fueconorg-5201	77	17	existing	exist	VERB
fueconorg-5201	77	18	strategic	strategic	ADJ
fueconorg-5201	77	19	fit	fit	NOUN
fueconorg-5201	77	20	between	between	ADP
fueconorg-5201	77	21	the	the	DET
fueconorg-5201	77	22	bidder	bidder	NOUN
fueconorg-5201	77	23	and	and	CCONJ
fueconorg-5201	77	24	the	the	DET
fueconorg-5201	77	25	target	target	NOUN
fueconorg-5201	77	26	increases	increase	VERB
fueconorg-5201	77	27	readiness	readiness	NOUN
fueconorg-5201	77	28	to	to	PART
fueconorg-5201	77	29	pay	pay	VERB
fueconorg-5201	77	30	higher	high	ADJ
fueconorg-5201	77	31	bid	bid	NOUN
fueconorg-5201	77	32	premiums	premium	NOUN
fueconorg-5201	77	33	.	.	PUNCT
fueconorg-5201	78	1	in	in	ADP
fueconorg-5201	78	2	this	this	DET
fueconorg-5201	78	3	regard	regard	NOUN
fueconorg-5201	78	4	,	,	PUNCT
fueconorg-5201	78	5	a	a	DET
fueconorg-5201	78	6	number	number	NOUN
fueconorg-5201	78	7	of	of	ADP
fueconorg-5201	78	8	empirical	empirical	ADJ
fueconorg-5201	78	9	studies	study	NOUN
fueconorg-5201	78	10	point	point	VERB
fueconorg-5201	78	11	out	out	ADP
fueconorg-5201	78	12	that	that	SCONJ
fueconorg-5201	78	13	takeovers	takeover	NOUN
fueconorg-5201	78	14	realized	realize	VERB
fueconorg-5201	78	15	within	within	ADP
fueconorg-5201	78	16	the	the	DET
fueconorg-5201	78	17	same	same	ADJ
fueconorg-5201	78	18	industries	industry	NOUN
fueconorg-5201	78	19	enable	enable	VERB
fueconorg-5201	78	20	realization	realization	NOUN
fueconorg-5201	78	21	of	of	ADP
fueconorg-5201	78	22	higher	high	ADJ
fueconorg-5201	78	23	returns	return	NOUN
fueconorg-5201	78	24	than	than	ADP
fueconorg-5201	78	25	takeovers	takeover	NOUN
fueconorg-5201	78	26	aimed	aim	VERB
fueconorg-5201	78	27	at	at	ADP
fueconorg-5201	78	28	business	business	NOUN
fueconorg-5201	78	29	portfolio	portfolio	NOUN
fueconorg-5201	78	30	diversification	diversification	NOUN
fueconorg-5201	78	31	.	.	PUNCT
fueconorg-5201	79	1	gupta	gupta	NOUN
fueconorg-5201	79	2	and	and	CCONJ
fueconorg-5201	79	3	misra	misra	PROPN
fueconorg-5201	79	4	(	(	PUNCT
fueconorg-5201	79	5	2007	2007	NUM
fueconorg-5201	79	6	)	)	PUNCT
fueconorg-5201	79	7	and	and	CCONJ
fueconorg-5201	79	8	golubov	golubov	NOUN
fueconorg-5201	79	9	et	et	PROPN
fueconorg-5201	79	10	al	al	PROPN
fueconorg-5201	79	11	.	.	PUNCT
fueconorg-5201	80	1	(	(	PUNCT
fueconorg-5201	80	2	2016	2016	NUM
fueconorg-5201	80	3	)	)	PUNCT
fueconorg-5201	80	4	actually	actually	ADV
fueconorg-5201	80	5	confirm	confirm	VERB
fueconorg-5201	80	6	the	the	DET
fueconorg-5201	80	7	economic	economic	ADJ
fueconorg-5201	80	8	theory	theory	NOUN
fueconorg-5201	80	9	views	view	VERB
fueconorg-5201	80	10	that	that	SCONJ
fueconorg-5201	80	11	expansion	expansion	NOUN
fueconorg-5201	80	12	into	into	ADP
fueconorg-5201	80	13	the	the	DET
fueconorg-5201	80	14	related	relate	VERB
fueconorg-5201	80	15	industries	industry	NOUN
fueconorg-5201	80	16	enables	enable	VERB
fueconorg-5201	80	17	more	more	ADV
fueconorg-5201	80	18	successful	successful	ADJ
fueconorg-5201	80	19	and	and	CCONJ
fueconorg-5201	80	20	faster	fast	ADJ
fueconorg-5201	80	21	activation	activation	NOUN
fueconorg-5201	80	22	of	of	ADP
fueconorg-5201	80	23	synergy	synergy	NOUN
fueconorg-5201	80	24	effects	effect	NOUN
fueconorg-5201	80	25	in	in	ADP
fueconorg-5201	80	26	comparison	comparison	NOUN
fueconorg-5201	80	27	to	to	ADP
fueconorg-5201	80	28	that	that	PRON
fueconorg-5201	80	29	of	of	ADP
fueconorg-5201	80	30	diversification	diversification	NOUN
fueconorg-5201	80	31	.	.	PUNCT
fueconorg-5201	81	1	in	in	ADP
fueconorg-5201	81	2	line	line	NOUN
fueconorg-5201	81	3	with	with	ADP
fueconorg-5201	81	4	the	the	DET
fueconorg-5201	81	5	previous	previous	ADJ
fueconorg-5201	81	6	research	research	NOUN
fueconorg-5201	81	7	results	result	NOUN
fueconorg-5201	81	8	that	that	PRON
fueconorg-5201	81	9	are	be	AUX
fueconorg-5201	81	10	presented	present	VERB
fueconorg-5201	81	11	in	in	ADP
fueconorg-5201	81	12	literature	literature	NOUN
fueconorg-5201	81	13	review	review	NOUN
fueconorg-5201	81	14	section	section	NOUN
fueconorg-5201	81	15	and	and	CCONJ
fueconorg-5201	81	16	our	our	PRON
fueconorg-5201	81	17	research	research	NOUN
fueconorg-5201	81	18	objective	objective	NOUN
fueconorg-5201	81	19	the	the	DET
fueconorg-5201	81	20	following	follow	VERB
fueconorg-5201	81	21	hypotheses	hypothesis	NOUN
fueconorg-5201	81	22	will	will	AUX
fueconorg-5201	81	23	be	be	AUX
fueconorg-5201	81	24	tested	test	VERB
fueconorg-5201	81	25	:	:	PUNCT
fueconorg-5201	81	26	h1	h1	VERB
fueconorg-5201	81	27	:	:	PUNCT
fueconorg-5201	81	28	there	there	PRON
fueconorg-5201	81	29	are	be	VERB
fueconorg-5201	81	30	statistically	statistically	ADV
fueconorg-5201	81	31	significant	significant	ADJ
fueconorg-5201	81	32	differences	difference	NOUN
fueconorg-5201	81	33	between	between	ADP
fueconorg-5201	81	34	bid	bid	NOUN
fueconorg-5201	81	35	premiums	premium	NOUN
fueconorg-5201	81	36	calculated	calculate	VERB
fueconorg-5201	81	37	1	1	NUM
fueconorg-5201	81	38	day	day	NOUN
fueconorg-5201	81	39	and	and	CCONJ
fueconorg-5201	81	40	30	30	NUM
fueconorg-5201	81	41	days	day	NOUN
fueconorg-5201	81	42	prior	prior	ADV
fueconorg-5201	81	43	to	to	ADP
fueconorg-5201	81	44	/	/	SYM
fueconorg-5201	81	45	after	after	ADP
fueconorg-5201	81	46	the	the	DET
fueconorg-5201	81	47	official	official	ADJ
fueconorg-5201	81	48	m&a	m&a	PROPN
fueconorg-5201	81	49	announcement	announcement	NOUN
fueconorg-5201	81	50	.	.	PUNCT
fueconorg-5201	82	1	h2	h2	NOUN
fueconorg-5201	82	2	:	:	PUNCT
fueconorg-5201	82	3	there	there	PRON
fueconorg-5201	82	4	are	be	VERB
fueconorg-5201	82	5	statistically	statistically	ADV
fueconorg-5201	82	6	significant	significant	ADJ
fueconorg-5201	82	7	differences	difference	NOUN
fueconorg-5201	82	8	in	in	ADP
fueconorg-5201	82	9	the	the	DET
fueconorg-5201	82	10	bid	bid	NOUN
fueconorg-5201	82	11	premium	premium	NOUN
fueconorg-5201	82	12	amounts	amount	NOUN
fueconorg-5201	82	13	calculated	calculate	VERB
fueconorg-5201	82	14	prior	prior	ADV
fueconorg-5201	82	15	to	to	ADP
fueconorg-5201	82	16	/	/	SYM
fueconorg-5201	82	17	after	after	ADP
fueconorg-5201	82	18	the	the	DET
fueconorg-5201	82	19	official	official	ADJ
fueconorg-5201	82	20	m&a	m&a	PROPN
fueconorg-5201	82	21	announcement	announcement	NOUN
fueconorg-5201	82	22	depending	depend	VERB
fueconorg-5201	82	23	on	on	ADP
fueconorg-5201	82	24	the	the	DET
fueconorg-5201	82	25	institutional	institutional	ADJ
fueconorg-5201	82	26	environment	environment	NOUN
fueconorg-5201	82	27	and	and	CCONJ
fueconorg-5201	82	28	economic	economic	ADJ
fueconorg-5201	82	29	development	development	NOUN
fueconorg-5201	82	30	of	of	ADP
fueconorg-5201	82	31	the	the	DET
fueconorg-5201	82	32	countries	country	NOUN
fueconorg-5201	82	33	the	the	DET
fueconorg-5201	82	34	participants	participant	NOUN
fueconorg-5201	82	35	in	in	ADP
fueconorg-5201	82	36	international	international	ADJ
fueconorg-5201	82	37	m&as	m&as	NOUN
fueconorg-5201	82	38	come	come	VERB
fueconorg-5201	82	39	from	from	ADP
fueconorg-5201	82	40	.	.	PUNCT
fueconorg-5201	83	1	h3	h3	NOUN
fueconorg-5201	83	2	:	:	PUNCT
fueconorg-5201	83	3	there	there	PRON
fueconorg-5201	83	4	are	be	VERB
fueconorg-5201	83	5	statistically	statistically	ADV
fueconorg-5201	83	6	significant	significant	ADJ
fueconorg-5201	83	7	differences	difference	NOUN
fueconorg-5201	83	8	in	in	ADP
fueconorg-5201	83	9	the	the	DET
fueconorg-5201	83	10	bid	bid	NOUN
fueconorg-5201	83	11	premium	premium	NOUN
fueconorg-5201	83	12	amounts	amount	NOUN
fueconorg-5201	83	13	calculated	calculate	VERB
fueconorg-5201	83	14	prior	prior	ADV
fueconorg-5201	83	15	to	to	ADP
fueconorg-5201	83	16	/	/	SYM
fueconorg-5201	83	17	after	after	ADP
fueconorg-5201	83	18	the	the	DET
fueconorg-5201	83	19	official	official	ADJ
fueconorg-5201	83	20	m&a	m&a	PROPN
fueconorg-5201	83	21	announcement	announcement	NOUN
fueconorg-5201	83	22	depending	depend	VERB
fueconorg-5201	83	23	on	on	ADP
fueconorg-5201	83	24	selected	select	VERB
fueconorg-5201	83	25	payment	payment	NOUN
fueconorg-5201	83	26	method	method	NOUN
fueconorg-5201	83	27	.	.	PUNCT
fueconorg-5201	84	1	h4	h4	NOUN
fueconorg-5201	84	2	:	:	PUNCT
fueconorg-5201	84	3	there	there	PRON
fueconorg-5201	84	4	are	be	VERB
fueconorg-5201	84	5	statistically	statistically	ADV
fueconorg-5201	84	6	significant	significant	ADJ
fueconorg-5201	84	7	differences	difference	NOUN
fueconorg-5201	84	8	in	in	ADP
fueconorg-5201	84	9	the	the	DET
fueconorg-5201	84	10	bid	bid	NOUN
fueconorg-5201	84	11	premium	premium	NOUN
fueconorg-5201	84	12	amounts	amount	NOUN
fueconorg-5201	84	13	calculated	calculate	VERB
fueconorg-5201	84	14	prior	prior	ADV
fueconorg-5201	84	15	to	to	ADP
fueconorg-5201	84	16	/	/	SYM
fueconorg-5201	84	17	after	after	SCONJ
fueconorg-5201	84	18	the	the	DET
fueconorg-5201	84	19	official	official	ADJ
fueconorg-5201	84	20	m&a	m&a	PROPN
fueconorg-5201	84	21	announcement	announcement	NOUN
fueconorg-5201	84	22	depending	depend	VERB
fueconorg-5201	84	23	on	on	ADP
fueconorg-5201	84	24	bidders	bidder	NOUN
fueconorg-5201	84	25	act	act	VERB
fueconorg-5201	84	26	as	as	ADP
fueconorg-5201	84	27	strategic	strategic	ADJ
fueconorg-5201	84	28	or	or	CCONJ
fueconorg-5201	84	29	financial	financial	ADJ
fueconorg-5201	84	30	buyers	buyer	NOUN
fueconorg-5201	84	31	.	.	PUNCT
fueconorg-5201	85	1	304	304	NUM
fueconorg-5201	85	2	m.	m.	NOUN
fueconorg-5201	85	3	živanović	živanović	NOUN
fueconorg-5201	85	4	,	,	PUNCT
fueconorg-5201	85	5	n.	n.	PROPN
fueconorg-5201	85	6	džudović	džudović	VERB
fueconorg-5201	85	7	3	3	NUM
fueconorg-5201	85	8	.	.	PUNCT
fueconorg-5201	85	9	data	datum	NOUN
fueconorg-5201	85	10	and	and	CCONJ
fueconorg-5201	85	11	sample	sample	NOUN
fueconorg-5201	85	12	in	in	ADP
fueconorg-5201	85	13	our	our	PRON
fueconorg-5201	85	14	research	research	NOUN
fueconorg-5201	85	15	we	we	PRON
fueconorg-5201	85	16	create	create	VERB
fueconorg-5201	85	17	the	the	DET
fueconorg-5201	85	18	sample	sample	NOUN
fueconorg-5201	85	19	by	by	ADP
fueconorg-5201	85	20	using	use	VERB
fueconorg-5201	85	21	the	the	DET
fueconorg-5201	85	22	data	datum	NOUN
fueconorg-5201	85	23	from	from	ADP
fueconorg-5201	85	24	the	the	DET
fueconorg-5201	85	25	mergermarket	mergermarket	NOUN
fueconorg-5201	85	26	database	database	NOUN
fueconorg-5201	85	27	that	that	PRON
fueconorg-5201	85	28	includes	include	VERB
fueconorg-5201	85	29	mergers	merger	NOUN
fueconorg-5201	85	30	and	and	CCONJ
fueconorg-5201	85	31	acquisitions	acquisition	NOUN
fueconorg-5201	85	32	at	at	ADP
fueconorg-5201	85	33	the	the	DET
fueconorg-5201	85	34	global	global	ADJ
fueconorg-5201	85	35	economy	economy	NOUN
fueconorg-5201	85	36	level	level	NOUN
fueconorg-5201	85	37	,	,	PUNCT
fueconorg-5201	85	38	with	with	ADP
fueconorg-5201	85	39	individual	individual	ADJ
fueconorg-5201	85	40	values	value	NOUN
fueconorg-5201	85	41	of	of	ADP
fueconorg-5201	85	42	above	above	ADJ
fueconorg-5201	85	43	usd	usd	NOUN
fueconorg-5201	85	44	5	5	NUM
fueconorg-5201	85	45	million	million	NUM
fueconorg-5201	85	46	.	.	PUNCT
fueconorg-5201	86	1	the	the	DET
fueconorg-5201	86	2	analysis	analysis	NOUN
fueconorg-5201	86	3	focuses	focus	VERB
fueconorg-5201	86	4	on	on	ADP
fueconorg-5201	86	5	m&a	m&a	PROPN
fueconorg-5201	86	6	transactions	transaction	NOUN
fueconorg-5201	86	7	announced	announce	VERB
fueconorg-5201	86	8	in	in	ADP
fueconorg-5201	86	9	years	year	NOUN
fueconorg-5201	86	10	2015	2015	NUM
fueconorg-5201	86	11	and	and	CCONJ
fueconorg-5201	86	12	2016	2016	NUM
fueconorg-5201	86	13	,	,	PUNCT
fueconorg-5201	86	14	two	two	NUM
fueconorg-5201	86	15	periods	period	NOUN
fueconorg-5201	86	16	relevant	relevant	ADJ
fueconorg-5201	86	17	for	for	ADP
fueconorg-5201	86	18	examination	examination	NOUN
fueconorg-5201	86	19	of	of	ADP
fueconorg-5201	86	20	m&a	m&a	PROPN
fueconorg-5201	86	21	transactions	transaction	NOUN
fueconorg-5201	86	22	characteristics	characteristic	NOUN
fueconorg-5201	86	23	and	and	CCONJ
fueconorg-5201	86	24	their	their	PRON
fueconorg-5201	86	25	behavior	behavior	NOUN
fueconorg-5201	86	26	in	in	ADP
fueconorg-5201	86	27	regard	regard	NOUN
fueconorg-5201	86	28	to	to	ADP
fueconorg-5201	86	29	the	the	DET
fueconorg-5201	86	30	condition	condition	NOUN
fueconorg-5201	86	31	and	and	CCONJ
fueconorg-5201	86	32	trends	trend	NOUN
fueconorg-5201	86	33	identified	identify	VERB
fueconorg-5201	86	34	in	in	ADP
fueconorg-5201	86	35	the	the	DET
fueconorg-5201	86	36	equity	equity	NOUN
fueconorg-5201	86	37	markets	market	NOUN
fueconorg-5201	86	38	throughout	throughout	ADP
fueconorg-5201	86	39	the	the	DET
fueconorg-5201	86	40	world	world	NOUN
fueconorg-5201	86	41	.	.	PUNCT
fueconorg-5201	87	1	in	in	ADP
fueconorg-5201	87	2	fact	fact	NOUN
fueconorg-5201	87	3	,	,	PUNCT
fueconorg-5201	87	4	we	we	PRON
fueconorg-5201	87	5	identify	identify	VERB
fueconorg-5201	87	6	three	three	NUM
fueconorg-5201	87	7	periods	period	NOUN
fueconorg-5201	87	8	and	and	CCONJ
fueconorg-5201	87	9	regard	regard	VERB
fueconorg-5201	87	10	them	they	PRON
fueconorg-5201	87	11	as	as	ADP
fueconorg-5201	87	12	three	three	NUM
fueconorg-5201	87	13	subsamples	subsample	NOUN
fueconorg-5201	87	14	.	.	PUNCT
fueconorg-5201	88	1	the	the	DET
fueconorg-5201	88	2	first	first	ADJ
fueconorg-5201	88	3	,	,	PUNCT
fueconorg-5201	88	4	from	from	ADP
fueconorg-5201	88	5	january	january	PROPN
fueconorg-5201	88	6	1	1	NUM
fueconorg-5201	88	7	,	,	PUNCT
fueconorg-5201	88	8	2015	2015	NUM
fueconorg-5201	88	9	to	to	ADP
fueconorg-5201	88	10	june	june	PROPN
fueconorg-5201	88	11	12	12	NUM
fueconorg-5201	88	12	,	,	PUNCT
fueconorg-5201	88	13	2015	2015	NUM
fueconorg-5201	88	14	is	be	AUX
fueconorg-5201	88	15	a	a	DET
fueconorg-5201	88	16	period	period	NOUN
fueconorg-5201	88	17	prior	prior	ADV
fueconorg-5201	88	18	to	to	ADP
fueconorg-5201	88	19	the	the	DET
fueconorg-5201	88	20	general	general	ADJ
fueconorg-5201	88	21	decline	decline	NOUN
fueconorg-5201	88	22	of	of	ADP
fueconorg-5201	88	23	the	the	DET
fueconorg-5201	88	24	investor	investor	NOUN
fueconorg-5201	88	25	confidence	confidence	NOUN
fueconorg-5201	88	26	(	(	PUNCT
fueconorg-5201	88	27	pre	pre	ADJ
fueconorg-5201	88	28	-	-	ADJ
fueconorg-5201	88	29	confidence	confidence	ADJ
fueconorg-5201	88	30	decline	decline	NOUN
fueconorg-5201	88	31	period	period	NOUN
fueconorg-5201	88	32	)	)	PUNCT
fueconorg-5201	88	33	.	.	PUNCT
fueconorg-5201	89	1	the	the	DET
fueconorg-5201	89	2	second	second	ADJ
fueconorg-5201	89	3	period	period	NOUN
fueconorg-5201	89	4	,	,	PUNCT
fueconorg-5201	89	5	from	from	ADP
fueconorg-5201	89	6	june	june	PROPN
fueconorg-5201	89	7	12	12	NUM
fueconorg-5201	89	8	,	,	PUNCT
fueconorg-5201	89	9	2015	2015	NUM
fueconorg-5201	89	10	to	to	ADP
fueconorg-5201	89	11	february	february	PROPN
fueconorg-5201	89	12	12	12	NUM
fueconorg-5201	89	13	,	,	PUNCT
fueconorg-5201	89	14	2016	2016	NUM
fueconorg-5201	89	15	,	,	PUNCT
fueconorg-5201	89	16	is	be	AUX
fueconorg-5201	89	17	a	a	DET
fueconorg-5201	89	18	period	period	NOUN
fueconorg-5201	89	19	when	when	SCONJ
fueconorg-5201	89	20	in	in	ADP
fueconorg-5201	89	21	almost	almost	ADV
fueconorg-5201	89	22	all	all	PRON
fueconorg-5201	89	23	stock	stock	NOUN
fueconorg-5201	89	24	markets	market	NOUN
fueconorg-5201	89	25	around	around	ADP
fueconorg-5201	89	26	the	the	DET
fueconorg-5201	89	27	world	world	NOUN
fueconorg-5201	89	28	the	the	DET
fueconorg-5201	89	29	investor	investor	NOUN
fueconorg-5201	89	30	confidence	confidence	NOUN
fueconorg-5201	89	31	decreased	decrease	VERB
fueconorg-5201	89	32	and	and	CCONJ
fueconorg-5201	89	33	the	the	DET
fueconorg-5201	89	34	stock	stock	NOUN
fueconorg-5201	89	35	exchange	exchange	NOUN
fueconorg-5201	89	36	indices	index	NOUN
fueconorg-5201	89	37	recorded	record	VERB
fueconorg-5201	89	38	the	the	DET
fueconorg-5201	89	39	most	most	ADV
fueconorg-5201	89	40	severe	severe	ADJ
fueconorg-5201	89	41	drops	drop	NOUN
fueconorg-5201	89	42	since	since	SCONJ
fueconorg-5201	89	43	the	the	DET
fueconorg-5201	89	44	beginning	beginning	NOUN
fueconorg-5201	89	45	of	of	ADP
fueconorg-5201	89	46	the	the	DET
fueconorg-5201	89	47	global	global	ADJ
fueconorg-5201	89	48	financial	financial	ADJ
fueconorg-5201	89	49	crisis	crisis	NOUN
fueconorg-5201	89	50	in	in	ADP
fueconorg-5201	89	51	2008	2008	NUM
fueconorg-5201	89	52	(	(	PUNCT
fueconorg-5201	89	53	confidence	confidence	NOUN
fueconorg-5201	89	54	decline	decline	NOUN
fueconorg-5201	89	55	period	period	NOUN
fueconorg-5201	89	56	)	)	PUNCT
fueconorg-5201	89	57	.	.	PUNCT
fueconorg-5201	90	1	such	such	DET
fueconorg-5201	90	2	a	a	DET
fueconorg-5201	90	3	trend	trend	NOUN
fueconorg-5201	90	4	was	be	AUX
fueconorg-5201	90	5	not	not	PART
fueconorg-5201	90	6	identified	identify	VERB
fueconorg-5201	90	7	in	in	ADP
fueconorg-5201	90	8	the	the	DET
fueconorg-5201	90	9	usa	usa	PROPN
fueconorg-5201	90	10	only	only	ADV
fueconorg-5201	90	11	,	,	PUNCT
fueconorg-5201	90	12	where	where	SCONJ
fueconorg-5201	90	13	the	the	DET
fueconorg-5201	90	14	most	most	ADV
fueconorg-5201	90	15	significant	significant	ADJ
fueconorg-5201	90	16	stock	stock	NOUN
fueconorg-5201	90	17	exchange	exchange	NOUN
fueconorg-5201	90	18	indices	index	NOUN
fueconorg-5201	90	19	recorded	record	VERB
fueconorg-5201	90	20	either	either	CCONJ
fueconorg-5201	90	21	no	no	DET
fueconorg-5201	90	22	decline	decline	NOUN
fueconorg-5201	90	23	at	at	ADV
fueconorg-5201	90	24	all	all	ADV
fueconorg-5201	90	25	or	or	CCONJ
fueconorg-5201	90	26	decline	decline	VERB
fueconorg-5201	90	27	much	much	ADV
fueconorg-5201	90	28	less	less	ADV
fueconorg-5201	90	29	severe	severe	ADJ
fueconorg-5201	90	30	than	than	ADP
fueconorg-5201	90	31	what	what	PRON
fueconorg-5201	90	32	happened	happen	VERB
fueconorg-5201	90	33	in	in	ADP
fueconorg-5201	90	34	other	other	ADJ
fueconorg-5201	90	35	markets	market	NOUN
fueconorg-5201	90	36	.	.	PUNCT
fueconorg-5201	91	1	the	the	DET
fueconorg-5201	91	2	third	third	ADJ
fueconorg-5201	91	3	period	period	NOUN
fueconorg-5201	91	4	,	,	PUNCT
fueconorg-5201	91	5	from	from	ADP
fueconorg-5201	91	6	february	february	PROPN
fueconorg-5201	91	7	12	12	NUM
fueconorg-5201	91	8	,	,	PUNCT
fueconorg-5201	91	9	2016	2016	NUM
fueconorg-5201	91	10	to	to	ADP
fueconorg-5201	91	11	december	december	PROPN
fueconorg-5201	91	12	31	31	NUM
fueconorg-5201	91	13	,	,	PUNCT
fueconorg-5201	91	14	2016	2016	NUM
fueconorg-5201	91	15	,	,	PUNCT
fueconorg-5201	91	16	is	be	AUX
fueconorg-5201	91	17	a	a	DET
fueconorg-5201	91	18	period	period	NOUN
fueconorg-5201	91	19	of	of	ADP
fueconorg-5201	91	20	recovery	recovery	NOUN
fueconorg-5201	91	21	and	and	CCONJ
fueconorg-5201	91	22	the	the	DET
fueconorg-5201	91	23	investor	investor	NOUN
fueconorg-5201	91	24	confidence	confidence	NOUN
fueconorg-5201	91	25	growth	growth	NOUN
fueconorg-5201	91	26	,	,	PUNCT
fueconorg-5201	91	27	i.e.	i.e.	X
fueconorg-5201	91	28	,	,	PUNCT
fueconorg-5201	91	29	a	a	DET
fueconorg-5201	91	30	period	period	NOUN
fueconorg-5201	91	31	of	of	ADP
fueconorg-5201	91	32	positive	positive	ADJ
fueconorg-5201	91	33	trends	trend	NOUN
fueconorg-5201	91	34	identified	identify	VERB
fueconorg-5201	91	35	in	in	ADP
fueconorg-5201	91	36	all	all	DET
fueconorg-5201	91	37	significant	significant	ADJ
fueconorg-5201	91	38	stock	stock	NOUN
fueconorg-5201	91	39	markets	market	NOUN
fueconorg-5201	91	40	in	in	ADP
fueconorg-5201	91	41	the	the	DET
fueconorg-5201	91	42	world	world	NOUN
fueconorg-5201	91	43	(	(	PUNCT
fueconorg-5201	91	44	confidence	confidence	NOUN
fueconorg-5201	91	45	recovery	recovery	NOUN
fueconorg-5201	91	46	period	period	NOUN
fueconorg-5201	91	47	)	)	PUNCT
fueconorg-5201	91	48	.	.	PUNCT
fueconorg-5201	92	1	as	as	SCONJ
fueconorg-5201	92	2	previously	previously	ADV
fueconorg-5201	92	3	highlighted	highlight	VERB
fueconorg-5201	92	4	,	,	PUNCT
fueconorg-5201	92	5	in	in	ADP
fueconorg-5201	92	6	the	the	DET
fueconorg-5201	92	7	second	second	ADJ
fueconorg-5201	92	8	half	half	NOUN
fueconorg-5201	92	9	of	of	ADP
fueconorg-5201	92	10	2015	2015	NUM
fueconorg-5201	92	11	a	a	DET
fueconorg-5201	92	12	drastic	drastic	ADJ
fueconorg-5201	92	13	fall	fall	NOUN
fueconorg-5201	92	14	in	in	ADP
fueconorg-5201	92	15	share	share	NOUN
fueconorg-5201	92	16	prices	price	NOUN
fueconorg-5201	92	17	occurred	occur	VERB
fueconorg-5201	92	18	in	in	ADP
fueconorg-5201	92	19	almost	almost	ADV
fueconorg-5201	92	20	all	all	PRON
fueconorg-5201	92	21	large	large	ADJ
fueconorg-5201	92	22	equity	equity	NOUN
fueconorg-5201	92	23	markets	market	NOUN
fueconorg-5201	92	24	in	in	ADP
fueconorg-5201	92	25	the	the	DET
fueconorg-5201	92	26	world	world	NOUN
fueconorg-5201	92	27	as	as	ADP
fueconorg-5201	92	28	a	a	DET
fueconorg-5201	92	29	result	result	NOUN
fueconorg-5201	92	30	of	of	ADP
fueconorg-5201	92	31	a	a	DET
fueconorg-5201	92	32	number	number	NOUN
fueconorg-5201	92	33	of	of	ADP
fueconorg-5201	92	34	adverse	adverse	ADJ
fueconorg-5201	92	35	events	event	NOUN
fueconorg-5201	92	36	that	that	PRON
fueconorg-5201	92	37	took	take	VERB
fueconorg-5201	92	38	place	place	NOUN
fueconorg-5201	92	39	in	in	ADP
fueconorg-5201	92	40	the	the	DET
fueconorg-5201	92	41	global	global	ADJ
fueconorg-5201	92	42	economy	economy	NOUN
fueconorg-5201	92	43	that	that	PRON
fueconorg-5201	92	44	year	year	NOUN
fueconorg-5201	92	45	which	which	PRON
fueconorg-5201	92	46	had	have	VERB
fueconorg-5201	92	47	extremely	extremely	ADV
fueconorg-5201	92	48	negative	negative	ADJ
fueconorg-5201	92	49	effects	effect	NOUN
fueconorg-5201	92	50	on	on	ADP
fueconorg-5201	92	51	the	the	DET
fueconorg-5201	92	52	global	global	ADJ
fueconorg-5201	92	53	economic	economic	ADJ
fueconorg-5201	92	54	trends	trend	NOUN
fueconorg-5201	92	55	.	.	PUNCT
fueconorg-5201	93	1	one	one	NUM
fueconorg-5201	93	2	of	of	ADP
fueconorg-5201	93	3	the	the	DET
fueconorg-5201	93	4	key	key	ADJ
fueconorg-5201	93	5	circumstances	circumstance	NOUN
fueconorg-5201	93	6	that	that	PRON
fueconorg-5201	93	7	stopped	stop	VERB
fueconorg-5201	93	8	the	the	DET
fueconorg-5201	93	9	period	period	NOUN
fueconorg-5201	93	10	of	of	ADP
fueconorg-5201	93	11	the	the	DET
fueconorg-5201	93	12	steady	steady	ADJ
fueconorg-5201	93	13	increase	increase	NOUN
fueconorg-5201	93	14	in	in	ADP
fueconorg-5201	93	15	share	share	NOUN
fueconorg-5201	93	16	prices	price	NOUN
fueconorg-5201	93	17	in	in	ADP
fueconorg-5201	93	18	the	the	DET
fueconorg-5201	93	19	global	global	ADJ
fueconorg-5201	93	20	stock	stock	NOUN
fueconorg-5201	93	21	markets	market	NOUN
fueconorg-5201	93	22	was	be	AUX
fueconorg-5201	93	23	the	the	DET
fueconorg-5201	93	24	crash	crash	NOUN
fueconorg-5201	93	25	of	of	ADP
fueconorg-5201	93	26	the	the	DET
fueconorg-5201	93	27	chinese	chinese	ADJ
fueconorg-5201	93	28	stock	stock	NOUN
fueconorg-5201	93	29	market	market	NOUN
fueconorg-5201	93	30	that	that	PRON
fueconorg-5201	93	31	began	begin	VERB
fueconorg-5201	93	32	in	in	ADP
fueconorg-5201	93	33	june	june	PROPN
fueconorg-5201	93	34	2015	2015	NUM
fueconorg-5201	93	35	.	.	PUNCT
fueconorg-5201	94	1	from	from	ADP
fueconorg-5201	94	2	june	june	PROPN
fueconorg-5201	94	3	12	12	NUM
fueconorg-5201	94	4	to	to	ADP
fueconorg-5201	94	5	august	august	PROPN
fueconorg-5201	94	6	24	24	NUM
fueconorg-5201	94	7	,	,	PUNCT
fueconorg-5201	94	8	2015	2015	NUM
fueconorg-5201	94	9	the	the	DET
fueconorg-5201	94	10	shanghai	shanghai	PROPN
fueconorg-5201	94	11	composite	composite	ADJ
fueconorg-5201	94	12	index	index	NOUN
fueconorg-5201	94	13	fell	fall	VERB
fueconorg-5201	94	14	by	by	ADP
fueconorg-5201	94	15	38	38	NUM
fueconorg-5201	94	16	%	%	NOUN
fueconorg-5201	94	17	despite	despite	SCONJ
fueconorg-5201	94	18	the	the	DET
fueconorg-5201	94	19	efforts	effort	NOUN
fueconorg-5201	94	20	of	of	ADP
fueconorg-5201	94	21	the	the	DET
fueconorg-5201	94	22	chinese	chinese	ADJ
fueconorg-5201	94	23	government	government	NOUN
fueconorg-5201	94	24	to	to	PART
fueconorg-5201	94	25	prevent	prevent	VERB
fueconorg-5201	94	26	the	the	DET
fueconorg-5201	94	27	negative	negative	ADJ
fueconorg-5201	94	28	tendencies	tendency	NOUN
fueconorg-5201	94	29	in	in	ADP
fueconorg-5201	94	30	the	the	DET
fueconorg-5201	94	31	economy	economy	NOUN
fueconorg-5201	94	32	.	.	PUNCT
fueconorg-5201	95	1	in	in	ADP
fueconorg-5201	95	2	addition	addition	NOUN
fueconorg-5201	95	3	,	,	PUNCT
fueconorg-5201	95	4	due	due	ADP
fueconorg-5201	95	5	to	to	ADP
fueconorg-5201	95	6	its	its	PRON
fueconorg-5201	95	7	default	default	NOUN
fueconorg-5201	95	8	on	on	ADP
fueconorg-5201	95	9	liabilities	liability	NOUN
fueconorg-5201	95	10	toward	toward	ADP
fueconorg-5201	95	11	imf	imf	PROPN
fueconorg-5201	95	12	,	,	PUNCT
fueconorg-5201	95	13	on	on	ADP
fueconorg-5201	95	14	june	june	PROPN
fueconorg-5201	95	15	30	30	NUM
fueconorg-5201	95	16	,	,	PUNCT
fueconorg-5201	95	17	2015	2015	NUM
fueconorg-5201	95	18	greece	greece	PROPN
fueconorg-5201	95	19	declared	declare	VERB
fueconorg-5201	95	20	bankruptcy	bankruptcy	NOUN
fueconorg-5201	95	21	.	.	PUNCT
fueconorg-5201	96	1	among	among	ADP
fueconorg-5201	96	2	factors	factor	NOUN
fueconorg-5201	96	3	that	that	PRON
fueconorg-5201	96	4	led	lead	VERB
fueconorg-5201	96	5	to	to	ADP
fueconorg-5201	96	6	the	the	DET
fueconorg-5201	96	7	undoubtedly	undoubtedly	ADV
fueconorg-5201	96	8	largest	large	ADJ
fueconorg-5201	96	9	drop	drop	NOUN
fueconorg-5201	96	10	of	of	ADP
fueconorg-5201	96	11	the	the	DET
fueconorg-5201	96	12	share	share	NOUN
fueconorg-5201	96	13	prices	price	NOUN
fueconorg-5201	96	14	after	after	ADP
fueconorg-5201	96	15	2008	2008	NUM
fueconorg-5201	96	16	,	,	PUNCT
fueconorg-5201	96	17	there	there	PRON
fueconorg-5201	96	18	were	be	VERB
fueconorg-5201	96	19	a	a	DET
fueconorg-5201	96	20	plummet	plummet	NOUN
fueconorg-5201	96	21	of	of	ADP
fueconorg-5201	96	22	oil	oil	NOUN
fueconorg-5201	96	23	prices	price	NOUN
fueconorg-5201	96	24	,	,	PUNCT
fueconorg-5201	96	25	chinese	chinese	ADJ
fueconorg-5201	96	26	currency	currency	NOUN
fueconorg-5201	96	27	devaluation	devaluation	NOUN
fueconorg-5201	96	28	,	,	PUNCT
fueconorg-5201	96	29	decrease	decrease	NOUN
fueconorg-5201	96	30	in	in	ADP
fueconorg-5201	96	31	investments	investment	NOUN
fueconorg-5201	96	32	in	in	ADP
fueconorg-5201	96	33	developing	develop	VERB
fueconorg-5201	96	34	countries	country	NOUN
fueconorg-5201	96	35	and	and	CCONJ
fueconorg-5201	96	36	investor	investor	NOUN
fueconorg-5201	96	37	expectations	expectation	NOUN
fueconorg-5201	96	38	regarding	regard	VERB
fueconorg-5201	96	39	the	the	DET
fueconorg-5201	96	40	discontinuation	discontinuation	NOUN
fueconorg-5201	96	41	of	of	ADP
fueconorg-5201	96	42	the	the	DET
fueconorg-5201	96	43	expansionary	expansionary	ADJ
fueconorg-5201	96	44	monetary	monetary	ADJ
fueconorg-5201	96	45	policy	policy	NOUN
fueconorg-5201	96	46	of	of	ADP
fueconorg-5201	96	47	the	the	DET
fueconorg-5201	96	48	us	us	PROPN
fueconorg-5201	96	49	federal	federal	PROPN
fueconorg-5201	96	50	reserve	reserve	PROPN
fueconorg-5201	96	51	that	that	PRON
fueconorg-5201	96	52	would	would	AUX
fueconorg-5201	96	53	be	be	AUX
fueconorg-5201	96	54	expected	expect	VERB
fueconorg-5201	96	55	to	to	PART
fueconorg-5201	96	56	lead	lead	VERB
fueconorg-5201	96	57	to	to	ADP
fueconorg-5201	96	58	a	a	DET
fueconorg-5201	96	59	rise	rise	NOUN
fueconorg-5201	96	60	in	in	ADP
fueconorg-5201	96	61	general	general	ADJ
fueconorg-5201	96	62	interest	interest	NOUN
fueconorg-5201	96	63	rate	rate	NOUN
fueconorg-5201	96	64	levels	level	NOUN
fueconorg-5201	96	65	.	.	PUNCT
fueconorg-5201	97	1	unlike	unlike	ADP
fueconorg-5201	97	2	2015	2015	NUM
fueconorg-5201	97	3	,	,	PUNCT
fueconorg-5201	97	4	which	which	PRON
fueconorg-5201	97	5	featured	feature	VERB
fueconorg-5201	97	6	dropping	drop	VERB
fueconorg-5201	97	7	share	share	NOUN
fueconorg-5201	97	8	prices	price	NOUN
fueconorg-5201	97	9	in	in	ADP
fueconorg-5201	97	10	the	the	DET
fueconorg-5201	97	11	markets	market	NOUN
fueconorg-5201	97	12	throughout	throughout	ADP
fueconorg-5201	97	13	the	the	DET
fueconorg-5201	97	14	world	world	NOUN
fueconorg-5201	97	15	,	,	PUNCT
fueconorg-5201	97	16	2016	2016	NUM
fueconorg-5201	97	17	was	be	AUX
fueconorg-5201	97	18	a	a	DET
fueconorg-5201	97	19	year	year	NOUN
fueconorg-5201	97	20	of	of	ADP
fueconorg-5201	97	21	recovery	recovery	NOUN
fueconorg-5201	97	22	and	and	CCONJ
fueconorg-5201	97	23	stabilization	stabilization	NOUN
fueconorg-5201	97	24	of	of	ADP
fueconorg-5201	97	25	the	the	DET
fueconorg-5201	97	26	financial	financial	ADJ
fueconorg-5201	97	27	markets	market	NOUN
fueconorg-5201	97	28	.	.	PUNCT
fueconorg-5201	98	1	as	as	ADP
fueconorg-5201	98	2	from	from	ADP
fueconorg-5201	98	3	february	february	PROPN
fueconorg-5201	98	4	2016	2016	NUM
fueconorg-5201	98	5	,	,	PUNCT
fueconorg-5201	98	6	all	all	DET
fueconorg-5201	98	7	the	the	DET
fueconorg-5201	98	8	stock	stock	NOUN
fueconorg-5201	98	9	exchange	exchange	NOUN
fueconorg-5201	98	10	indices	index	NOUN
fueconorg-5201	98	11	recorded	record	VERB
fueconorg-5201	98	12	continuous	continuous	ADJ
fueconorg-5201	98	13	rise	rise	NOUN
fueconorg-5201	98	14	apart	apart	ADV
fueconorg-5201	98	15	from	from	ADP
fueconorg-5201	98	16	the	the	DET
fueconorg-5201	98	17	short	short	ADJ
fueconorg-5201	98	18	-	-	PUNCT
fueconorg-5201	98	19	term	term	NOUN
fueconorg-5201	98	20	crash	crash	NOUN
fueconorg-5201	98	21	immediately	immediately	ADV
fueconorg-5201	98	22	before	before	ADP
fueconorg-5201	98	23	and	and	CCONJ
fueconorg-5201	98	24	after	after	ADP
fueconorg-5201	98	25	the	the	DET
fueconorg-5201	98	26	uk	uk	PROPN
fueconorg-5201	98	27	referendum	referendum	NOUN
fueconorg-5201	98	28	(	(	PUNCT
fueconorg-5201	98	29	brexit	brexit	NOUN
fueconorg-5201	98	30	)	)	PUNCT
fueconorg-5201	98	31	.	.	PUNCT
fueconorg-5201	99	1	increase	increase	NOUN
fueconorg-5201	99	2	in	in	ADP
fueconorg-5201	99	3	oil	oil	NOUN
fueconorg-5201	99	4	prices	price	NOUN
fueconorg-5201	99	5	,	,	PUNCT
fueconorg-5201	99	6	recovery	recovery	NOUN
fueconorg-5201	99	7	of	of	ADP
fueconorg-5201	99	8	the	the	DET
fueconorg-5201	99	9	demand	demand	NOUN
fueconorg-5201	99	10	in	in	ADP
fueconorg-5201	99	11	the	the	DET
fueconorg-5201	99	12	commodity	commodity	NOUN
fueconorg-5201	99	13	and	and	CCONJ
fueconorg-5201	99	14	services	service	NOUN
fueconorg-5201	99	15	markets	market	NOUN
fueconorg-5201	99	16	,	,	PUNCT
fueconorg-5201	99	17	positive	positive	ADJ
fueconorg-5201	99	18	political	political	ADJ
fueconorg-5201	99	19	trends	trend	NOUN
fueconorg-5201	99	20	in	in	ADP
fueconorg-5201	99	21	some	some	DET
fueconorg-5201	99	22	countries	country	NOUN
fueconorg-5201	99	23	and	and	CCONJ
fueconorg-5201	99	24	consistent	consistent	ADJ
fueconorg-5201	99	25	policies	policy	NOUN
fueconorg-5201	99	26	of	of	ADP
fueconorg-5201	99	27	cheap	cheap	ADJ
fueconorg-5201	99	28	money	money	NOUN
fueconorg-5201	99	29	implemented	implement	VERB
fueconorg-5201	99	30	by	by	ADP
fueconorg-5201	99	31	almost	almost	ADV
fueconorg-5201	99	32	all	all	PRON
fueconorg-5201	99	33	central	central	ADJ
fueconorg-5201	99	34	banks	bank	NOUN
fueconorg-5201	99	35	are	be	AUX
fueconorg-5201	99	36	some	some	PRON
fueconorg-5201	99	37	of	of	ADP
fueconorg-5201	99	38	the	the	DET
fueconorg-5201	99	39	key	key	ADJ
fueconorg-5201	99	40	factors	factor	NOUN
fueconorg-5201	99	41	that	that	PRON
fueconorg-5201	99	42	led	lead	VERB
fueconorg-5201	99	43	to	to	ADP
fueconorg-5201	99	44	the	the	DET
fueconorg-5201	99	45	recovery	recovery	NOUN
fueconorg-5201	99	46	of	of	ADP
fueconorg-5201	99	47	the	the	DET
fueconorg-5201	99	48	financial	financial	ADJ
fueconorg-5201	99	49	markets	market	NOUN
fueconorg-5201	99	50	throughout	throughout	ADP
fueconorg-5201	99	51	the	the	DET
fueconorg-5201	99	52	world	world	NOUN
fueconorg-5201	99	53	and	and	CCONJ
fueconorg-5201	99	54	created	create	VERB
fueconorg-5201	99	55	positive	positive	ADJ
fueconorg-5201	99	56	investor	investor	NOUN
fueconorg-5201	99	57	expectations	expectation	NOUN
fueconorg-5201	99	58	regarding	regard	VERB
fueconorg-5201	99	59	the	the	DET
fueconorg-5201	99	60	future	future	ADJ
fueconorg-5201	99	61	performances	performance	NOUN
fueconorg-5201	99	62	of	of	ADP
fueconorg-5201	99	63	the	the	DET
fueconorg-5201	99	64	major	major	ADJ
fueconorg-5201	99	65	world	world	NOUN
fueconorg-5201	99	66	economies	economy	NOUN
fueconorg-5201	99	67	.	.	PUNCT
fueconorg-5201	100	1	the	the	DET
fueconorg-5201	100	2	sample	sample	NOUN
fueconorg-5201	100	3	includes	include	VERB
fueconorg-5201	100	4	transactions	transaction	NOUN
fueconorg-5201	100	5	announced	announce	VERB
fueconorg-5201	100	6	during	during	ADP
fueconorg-5201	100	7	2015	2015	NUM
fueconorg-5201	100	8	and	and	CCONJ
fueconorg-5201	100	9	2016	2016	NUM
fueconorg-5201	100	10	and	and	CCONJ
fueconorg-5201	100	11	completed	complete	VERB
fueconorg-5201	100	12	by	by	ADP
fueconorg-5201	100	13	the	the	DET
fueconorg-5201	100	14	end	end	NOUN
fueconorg-5201	100	15	of	of	ADP
fueconorg-5201	100	16	q1	q1	PROPN
fueconorg-5201	100	17	2017	2017	NUM
fueconorg-5201	100	18	.	.	PUNCT
fueconorg-5201	101	1	given	give	VERB
fueconorg-5201	101	2	that	that	SCONJ
fueconorg-5201	101	3	the	the	DET
fueconorg-5201	101	4	focus	focus	NOUN
fueconorg-5201	101	5	of	of	ADP
fueconorg-5201	101	6	our	our	PRON
fueconorg-5201	101	7	analysis	analysis	NOUN
fueconorg-5201	101	8	is	be	AUX
fueconorg-5201	101	9	on	on	ADP
fueconorg-5201	101	10	target	target	NOUN
fueconorg-5201	101	11	share	share	NOUN
fueconorg-5201	101	12	prices	price	NOUN
fueconorg-5201	101	13	upon	upon	SCONJ
fueconorg-5201	101	14	the	the	DET
fueconorg-5201	101	15	m&a	m&a	PROPN
fueconorg-5201	101	16	transaction	transaction	NOUN
fueconorg-5201	101	17	announcement	announcement	NOUN
fueconorg-5201	101	18	,	,	PUNCT
fueconorg-5201	101	19	the	the	DET
fueconorg-5201	101	20	sample	sample	NOUN
fueconorg-5201	101	21	includes	include	VERB
fueconorg-5201	101	22	only	only	ADJ
fueconorg-5201	101	23	transactions	transaction	NOUN
fueconorg-5201	101	24	with	with	ADP
fueconorg-5201	101	25	targets	target	NOUN
fueconorg-5201	101	26	in	in	ADP
fueconorg-5201	101	27	the	the	DET
fueconorg-5201	101	28	form	form	NOUN
fueconorg-5201	101	29	of	of	ADP
fueconorg-5201	101	30	public	public	ADJ
fueconorg-5201	101	31	companies	company	NOUN
fueconorg-5201	101	32	whose	whose	DET
fueconorg-5201	101	33	shares	share	NOUN
fueconorg-5201	101	34	are	be	AUX
fueconorg-5201	101	35	publicly	publicly	ADV
fueconorg-5201	101	36	traded	trade	VERB
fueconorg-5201	101	37	and	and	CCONJ
fueconorg-5201	101	38	whose	whose	DET
fueconorg-5201	101	39	prices	price	NOUN
fueconorg-5201	101	40	are	be	AUX
fueconorg-5201	101	41	disclosed	disclose	VERB
fueconorg-5201	101	42	at	at	ADP
fueconorg-5201	101	43	the	the	DET
fueconorg-5201	101	44	stock	stock	NOUN
fueconorg-5201	101	45	exchange	exchange	NOUN
fueconorg-5201	101	46	.	.	PUNCT
fueconorg-5201	102	1	all	all	DET
fueconorg-5201	102	2	transactions	transaction	NOUN
fueconorg-5201	102	3	financed	finance	VERB
fueconorg-5201	102	4	with	with	ADP
fueconorg-5201	102	5	debt	debt	NOUN
fueconorg-5201	102	6	instruments	instrument	NOUN
fueconorg-5201	102	7	or	or	CCONJ
fueconorg-5201	102	8	hybrid	hybrid	NOUN
fueconorg-5201	102	9	equity	equity	NOUN
fueconorg-5201	102	10	instruments	instrument	NOUN
fueconorg-5201	102	11	are	be	AUX
fueconorg-5201	102	12	excluded	exclude	VERB
fueconorg-5201	102	13	from	from	ADP
fueconorg-5201	102	14	the	the	DET
fueconorg-5201	102	15	sample	sample	NOUN
fueconorg-5201	102	16	as	as	ADV
fueconorg-5201	102	17	well	well	ADV
fueconorg-5201	102	18	as	as	ADP
fueconorg-5201	102	19	all	all	DET
fueconorg-5201	102	20	the	the	DET
fueconorg-5201	102	21	transactions	transaction	NOUN
fueconorg-5201	102	22	for	for	ADP
fueconorg-5201	102	23	which	which	PRON
fueconorg-5201	102	24	there	there	PRON
fueconorg-5201	102	25	is	be	VERB
fueconorg-5201	102	26	no	no	DET
fueconorg-5201	102	27	full	full	ADJ
fueconorg-5201	102	28	set	set	NOUN
fueconorg-5201	102	29	of	of	ADP
fueconorg-5201	102	30	data	datum	NOUN
fueconorg-5201	102	31	required	require	VERB
fueconorg-5201	102	32	for	for	ADP
fueconorg-5201	102	33	the	the	DET
fueconorg-5201	102	34	analysis	analysis	NOUN
fueconorg-5201	102	35	.	.	PUNCT
fueconorg-5201	103	1	out	out	ADP
fueconorg-5201	103	2	of	of	ADP
fueconorg-5201	103	3	the	the	DET
fueconorg-5201	103	4	total	total	ADJ
fueconorg-5201	103	5	number	number	NOUN
fueconorg-5201	103	6	of	of	ADP
fueconorg-5201	103	7	the	the	DET
fueconorg-5201	103	8	announced	announce	VERB
fueconorg-5201	103	9	transactions	transaction	NOUN
fueconorg-5201	103	10	,	,	PUNCT
fueconorg-5201	103	11	834	834	NUM
fueconorg-5201	103	12	transactions	transaction	NOUN
fueconorg-5201	103	13	meet	meet	VERB
fueconorg-5201	103	14	all	all	DET
fueconorg-5201	103	15	the	the	DET
fueconorg-5201	103	16	pre	pre	ADJ
fueconorg-5201	103	17	-	-	ADJ
fueconorg-5201	103	18	defined	define	VERB
fueconorg-5201	103	19	criteria	criterion	NOUN
fueconorg-5201	103	20	.	.	PUNCT
fueconorg-5201	104	1	why	why	SCONJ
fueconorg-5201	104	2	pay	pay	VERB
fueconorg-5201	104	3	more	more	ADJ
fueconorg-5201	104	4	–	–	PUNCT
fueconorg-5201	104	5	world	world	NOUN
fueconorg-5201	104	6	evidence	evidence	NOUN
fueconorg-5201	104	7	on	on	ADP
fueconorg-5201	104	8	m&a	m&a	PROPN
fueconorg-5201	104	9	bid	bid	NOUN
fueconorg-5201	104	10	premium	premium	NOUN
fueconorg-5201	104	11	determinants	determinant	NOUN
fueconorg-5201	104	12	305	305	NUM
fueconorg-5201	104	13	due	due	ADP
fueconorg-5201	104	14	to	to	ADP
fueconorg-5201	104	15	the	the	DET
fueconorg-5201	104	16	specificities	specificity	NOUN
fueconorg-5201	104	17	of	of	ADP
fueconorg-5201	104	18	operations	operation	NOUN
fueconorg-5201	104	19	of	of	ADP
fueconorg-5201	104	20	the	the	DET
fueconorg-5201	104	21	financial	financial	ADJ
fueconorg-5201	104	22	institutions	institution	NOUN
fueconorg-5201	104	23	in	in	ADP
fueconorg-5201	104	24	comparison	comparison	NOUN
fueconorg-5201	104	25	to	to	ADP
fueconorg-5201	104	26	the	the	DET
fueconorg-5201	104	27	real	real	ADJ
fueconorg-5201	104	28	sector	sector	NOUN
fueconorg-5201	104	29	companies	company	NOUN
fueconorg-5201	104	30	,	,	PUNCT
fueconorg-5201	104	31	we	we	PRON
fueconorg-5201	104	32	exclude	exclude	VERB
fueconorg-5201	104	33	from	from	ADP
fueconorg-5201	104	34	the	the	DET
fueconorg-5201	104	35	sample	sample	NOUN
fueconorg-5201	104	36	all	all	DET
fueconorg-5201	104	37	transactions	transaction	NOUN
fueconorg-5201	104	38	involving	involve	VERB
fueconorg-5201	104	39	financial	financial	ADJ
fueconorg-5201	104	40	sector	sector	NOUN
fueconorg-5201	104	41	entities	entity	NOUN
fueconorg-5201	104	42	as	as	ADP
fueconorg-5201	104	43	targets	target	NOUN
fueconorg-5201	104	44	.	.	PUNCT
fueconorg-5201	105	1	in	in	ADP
fueconorg-5201	105	2	addition	addition	NOUN
fueconorg-5201	105	3	,	,	PUNCT
fueconorg-5201	105	4	in	in	ADP
fueconorg-5201	105	5	order	order	NOUN
fueconorg-5201	105	6	to	to	PART
fueconorg-5201	105	7	reduce	reduce	VERB
fueconorg-5201	105	8	the	the	DET
fueconorg-5201	105	9	influence	influence	NOUN
fueconorg-5201	105	10	of	of	ADP
fueconorg-5201	105	11	extreme	extreme	ADJ
fueconorg-5201	105	12	bid	bid	NOUN
fueconorg-5201	105	13	premium	premium	NOUN
fueconorg-5201	105	14	values	value	NOUN
fueconorg-5201	105	15	on	on	ADP
fueconorg-5201	105	16	the	the	DET
fueconorg-5201	105	17	statistical	statistical	ADJ
fueconorg-5201	105	18	testing	testing	NOUN
fueconorg-5201	105	19	results	result	NOUN
fueconorg-5201	105	20	,	,	PUNCT
fueconorg-5201	105	21	the	the	DET
fueconorg-5201	105	22	sample	sample	NOUN
fueconorg-5201	105	23	is	be	AUX
fueconorg-5201	105	24	winsorized	winsorize	VERB
fueconorg-5201	105	25	by	by	ADP
fueconorg-5201	105	26	1	1	NUM
fueconorg-5201	105	27	%	%	NOUN
fueconorg-5201	105	28	at	at	ADP
fueconorg-5201	105	29	both	both	CCONJ
fueconorg-5201	105	30	the	the	DET
fueconorg-5201	105	31	left	left	ADJ
fueconorg-5201	105	32	and	and	CCONJ
fueconorg-5201	105	33	right	right	ADJ
fueconorg-5201	105	34	distribution	distribution	NOUN
fueconorg-5201	105	35	tail	tail	NOUN
fueconorg-5201	105	36	,	,	PUNCT
fueconorg-5201	105	37	separately	separately	ADV
fueconorg-5201	105	38	for	for	ADP
fueconorg-5201	105	39	the	the	DET
fueconorg-5201	105	40	bid	bid	NOUN
fueconorg-5201	105	41	premiums	premium	NOUN
fueconorg-5201	105	42	calculated	calculate	VERB
fueconorg-5201	105	43	prior	prior	ADV
fueconorg-5201	105	44	and	and	CCONJ
fueconorg-5201	105	45	after	after	ADP
fueconorg-5201	105	46	the	the	DET
fueconorg-5201	105	47	official	official	ADJ
fueconorg-5201	105	48	merger	merger	NOUN
fueconorg-5201	105	49	announcement	announcement	NOUN
fueconorg-5201	105	50	.	.	PUNCT
fueconorg-5201	106	1	thus	thus	ADV
fueconorg-5201	106	2	the	the	DET
fueconorg-5201	106	3	final	final	ADJ
fueconorg-5201	106	4	sample	sample	NOUN
fueconorg-5201	106	5	of	of	ADP
fueconorg-5201	106	6	783	783	NUM
fueconorg-5201	106	7	m&a	m&a	PROPN
fueconorg-5201	106	8	transactions	transaction	NOUN
fueconorg-5201	106	9	is	be	AUX
fueconorg-5201	106	10	obtained	obtain	VERB
fueconorg-5201	106	11	.	.	PUNCT
fueconorg-5201	107	1	viewed	view	VERB
fueconorg-5201	107	2	per	per	ADP
fueconorg-5201	107	3	the	the	DET
fueconorg-5201	107	4	three	three	NUM
fueconorg-5201	107	5	previously	previously	ADV
fueconorg-5201	107	6	defined	define	VERB
fueconorg-5201	107	7	periods	period	NOUN
fueconorg-5201	107	8	relevant	relevant	ADJ
fueconorg-5201	107	9	for	for	ADP
fueconorg-5201	107	10	our	our	PRON
fueconorg-5201	107	11	research	research	NOUN
fueconorg-5201	107	12	:	:	PUNCT
fueconorg-5201	107	13	in	in	ADP
fueconorg-5201	107	14	the	the	DET
fueconorg-5201	107	15	first	first	ADJ
fueconorg-5201	107	16	period	period	NOUN
fueconorg-5201	107	17	218	218	NUM
fueconorg-5201	107	18	transactions	transaction	NOUN
fueconorg-5201	107	19	meeting	meet	VERB
fueconorg-5201	107	20	all	all	PRON
fueconorg-5201	107	21	of	of	ADP
fueconorg-5201	107	22	the	the	DET
fueconorg-5201	107	23	required	require	VERB
fueconorg-5201	107	24	criteria	criterion	NOUN
fueconorg-5201	107	25	were	be	AUX
fueconorg-5201	107	26	identified	identify	VERB
fueconorg-5201	107	27	,	,	PUNCT
fueconorg-5201	107	28	312	312	NUM
fueconorg-5201	107	29	transactions	transaction	NOUN
fueconorg-5201	107	30	were	be	AUX
fueconorg-5201	107	31	identified	identify	VERB
fueconorg-5201	107	32	in	in	ADP
fueconorg-5201	107	33	the	the	DET
fueconorg-5201	107	34	second	second	ADJ
fueconorg-5201	107	35	period	period	NOUN
fueconorg-5201	107	36	and	and	CCONJ
fueconorg-5201	107	37	253	253	NUM
fueconorg-5201	107	38	m&a	m&a	PROPN
fueconorg-5201	107	39	transactions	transaction	NOUN
fueconorg-5201	107	40	were	be	AUX
fueconorg-5201	107	41	identified	identify	VERB
fueconorg-5201	107	42	in	in	ADP
fueconorg-5201	107	43	the	the	DET
fueconorg-5201	107	44	third	third	ADJ
fueconorg-5201	107	45	period	period	NOUN
fueconorg-5201	107	46	.	.	PUNCT
fueconorg-5201	108	1	beside	beside	ADP
fueconorg-5201	108	2	numerous	numerous	ADJ
fueconorg-5201	108	3	approaches	approach	NOUN
fueconorg-5201	108	4	that	that	PRON
fueconorg-5201	108	5	may	may	AUX
fueconorg-5201	108	6	be	be	AUX
fueconorg-5201	108	7	used	use	VERB
fueconorg-5201	108	8	in	in	ADP
fueconorg-5201	108	9	examining	examine	VERB
fueconorg-5201	108	10	the	the	DET
fueconorg-5201	108	11	characteristics	characteristic	NOUN
fueconorg-5201	108	12	and	and	CCONJ
fueconorg-5201	108	13	successfulness	successfulness	NOUN
fueconorg-5201	108	14	of	of	ADP
fueconorg-5201	108	15	m&a	m&a	PROPN
fueconorg-5201	108	16	transactions	transaction	NOUN
fueconorg-5201	108	17	,	,	PUNCT
fueconorg-5201	108	18	the	the	DET
fueconorg-5201	108	19	methodological	methodological	ADJ
fueconorg-5201	108	20	event	event	NOUN
fueconorg-5201	108	21	study	study	NOUN
fueconorg-5201	108	22	approach	approach	NOUN
fueconorg-5201	108	23	stands	stand	VERB
fueconorg-5201	108	24	out	out	ADP
fueconorg-5201	108	25	in	in	ADP
fueconorg-5201	108	26	literature	literature	NOUN
fueconorg-5201	108	27	as	as	ADP
fueconorg-5201	108	28	particularly	particularly	ADV
fueconorg-5201	108	29	suitable	suitable	ADJ
fueconorg-5201	108	30	(	(	PUNCT
fueconorg-5201	108	31	bruner	bruner	PROPN
fueconorg-5201	108	32	,	,	PUNCT
fueconorg-5201	108	33	2002	2002	NUM
fueconorg-5201	108	34	)	)	PUNCT
fueconorg-5201	108	35	.	.	PUNCT
fueconorg-5201	109	1	adnan	adnan	PROPN
fueconorg-5201	109	2	and	and	CCONJ
fueconorg-5201	109	3	hossain	hossain	PROPN
fueconorg-5201	109	4	(	(	PUNCT
fueconorg-5201	109	5	2016	2016	NUM
fueconorg-5201	109	6	)	)	PUNCT
fueconorg-5201	109	7	accentuate	accentuate	VERB
fueconorg-5201	109	8	some	some	DET
fueconorg-5201	109	9	benefits	benefit	NOUN
fueconorg-5201	109	10	of	of	ADP
fueconorg-5201	109	11	event	event	NOUN
fueconorg-5201	109	12	studies	study	NOUN
fueconorg-5201	109	13	such	such	ADJ
fueconorg-5201	109	14	as	as	ADP
fueconorg-5201	109	15	:	:	PUNCT
fueconorg-5201	109	16	“	"	PUNCT
fueconorg-5201	109	17	(	(	PUNCT
fueconorg-5201	109	18	1	1	X
fueconorg-5201	109	19	)	)	PUNCT
fueconorg-5201	109	20	short	short	ADJ
fueconorg-5201	109	21	-	-	PUNCT
fueconorg-5201	109	22	term	term	NOUN
fueconorg-5201	109	23	event	event	NOUN
fueconorg-5201	109	24	study	study	NOUN
fueconorg-5201	109	25	can	can	AUX
fueconorg-5201	109	26	screen	screen	VERB
fueconorg-5201	109	27	the	the	DET
fueconorg-5201	109	28	influence	influence	NOUN
fueconorg-5201	109	29	of	of	ADP
fueconorg-5201	109	30	outside	outside	ADJ
fueconorg-5201	109	31	factors	factor	NOUN
fueconorg-5201	109	32	to	to	ADP
fueconorg-5201	109	33	large	large	ADJ
fueconorg-5201	109	34	extent	extent	NOUN
fueconorg-5201	109	35	;	;	PUNCT
fueconorg-5201	109	36	(	(	PUNCT
fueconorg-5201	109	37	2	2	X
fueconorg-5201	109	38	)	)	PUNCT
fueconorg-5201	109	39	data	datum	NOUN
fueconorg-5201	109	40	are	be	AUX
fueconorg-5201	109	41	easy	easy	ADJ
fueconorg-5201	109	42	to	to	PART
fueconorg-5201	109	43	get	get	VERB
fueconorg-5201	109	44	publicly	publicly	ADV
fueconorg-5201	109	45	,	,	PUNCT
fueconorg-5201	109	46	allowing	allow	VERB
fueconorg-5201	109	47	study	study	NOUN
fueconorg-5201	109	48	on	on	ADP
fueconorg-5201	109	49	large	large	ADJ
fueconorg-5201	109	50	sample	sample	NOUN
fueconorg-5201	109	51	;	;	PUNCT
fueconorg-5201	109	52	and	and	CCONJ
fueconorg-5201	109	53	(	(	PUNCT
fueconorg-5201	109	54	3	3	X
fueconorg-5201	109	55	)	)	PUNCT
fueconorg-5201	109	56	it	it	PRON
fueconorg-5201	109	57	is	be	AUX
fueconorg-5201	109	58	relatively	relatively	ADV
fueconorg-5201	109	59	objective	objective	ADJ
fueconorg-5201	109	60	public	public	ADJ
fueconorg-5201	109	61	assessment	assessment	NOUN
fueconorg-5201	109	62	”	"	PUNCT
fueconorg-5201	109	63	.	.	PUNCT
fueconorg-5201	110	1	upon	upon	SCONJ
fueconorg-5201	110	2	definition	definition	NOUN
fueconorg-5201	110	3	of	of	ADP
fueconorg-5201	110	4	the	the	DET
fueconorg-5201	110	5	methodology	methodology	NOUN
fueconorg-5201	110	6	framework	framework	NOUN
fueconorg-5201	110	7	for	for	ADP
fueconorg-5201	110	8	the	the	DET
fueconorg-5201	110	9	research	research	NOUN
fueconorg-5201	110	10	our	our	PRON
fueconorg-5201	110	11	starting	starting	NOUN
fueconorg-5201	110	12	point	point	NOUN
fueconorg-5201	110	13	relies	rely	VERB
fueconorg-5201	110	14	on	on	ADP
fueconorg-5201	110	15	the	the	DET
fueconorg-5201	110	16	powerful	powerful	ADJ
fueconorg-5201	110	17	influence	influence	NOUN
fueconorg-5201	110	18	of	of	ADP
fueconorg-5201	110	19	the	the	DET
fueconorg-5201	110	20	assumption	assumption	NOUN
fueconorg-5201	110	21	of	of	ADP
fueconorg-5201	110	22	the	the	DET
fueconorg-5201	110	23	semi	semi	ADJ
fueconorg-5201	110	24	-	-	ADJ
fueconorg-5201	110	25	strong	strong	ADJ
fueconorg-5201	110	26	equity	equity	NOUN
fueconorg-5201	110	27	market	market	NOUN
fueconorg-5201	110	28	efficiency	efficiency	NOUN
fueconorg-5201	110	29	on	on	ADP
fueconorg-5201	110	30	economic	economic	ADJ
fueconorg-5201	110	31	theory	theory	NOUN
fueconorg-5201	110	32	,	,	PUNCT
fueconorg-5201	110	33	whereby	whereby	SCONJ
fueconorg-5201	110	34	the	the	DET
fueconorg-5201	110	35	existing	exist	VERB
fueconorg-5201	110	36	share	share	NOUN
fueconorg-5201	110	37	prices	price	NOUN
fueconorg-5201	110	38	always	always	ADV
fueconorg-5201	110	39	incorporate	incorporate	VERB
fueconorg-5201	110	40	and	and	CCONJ
fueconorg-5201	110	41	reflect	reflect	VERB
fueconorg-5201	110	42	all	all	DET
fueconorg-5201	110	43	publicly	publicly	ADV
fueconorg-5201	110	44	available	available	ADJ
fueconorg-5201	110	45	and	and	CCONJ
fueconorg-5201	110	46	relevant	relevant	ADJ
fueconorg-5201	110	47	information	information	NOUN
fueconorg-5201	110	48	.	.	PUNCT
fueconorg-5201	111	1	this	this	DET
fueconorg-5201	111	2	hypothesis	hypothesis	NOUN
fueconorg-5201	111	3	provides	provide	VERB
fueconorg-5201	111	4	a	a	DET
fueconorg-5201	111	5	theoretical	theoretical	ADJ
fueconorg-5201	111	6	foundation	foundation	NOUN
fueconorg-5201	111	7	for	for	ADP
fueconorg-5201	111	8	the	the	DET
fueconorg-5201	111	9	dominant	dominant	ADJ
fueconorg-5201	111	10	implementation	implementation	NOUN
fueconorg-5201	111	11	of	of	ADP
fueconorg-5201	111	12	the	the	DET
fueconorg-5201	111	13	cumulative	cumulative	ADJ
fueconorg-5201	111	14	abnormal	abnormal	ADJ
fueconorg-5201	111	15	return	return	NOUN
fueconorg-5201	111	16	methodology	methodology	NOUN
fueconorg-5201	111	17	.	.	PUNCT
fueconorg-5201	112	1	given	give	VERB
fueconorg-5201	112	2	that	that	SCONJ
fueconorg-5201	112	3	the	the	DET
fueconorg-5201	112	4	contemporary	contemporary	ADJ
fueconorg-5201	112	5	empirical	empirical	ADJ
fueconorg-5201	112	6	studies	study	NOUN
fueconorg-5201	112	7	more	more	ADV
fueconorg-5201	112	8	and	and	CCONJ
fueconorg-5201	112	9	more	more	ADV
fueconorg-5201	112	10	often	often	ADV
fueconorg-5201	112	11	question	question	VERB
fueconorg-5201	112	12	whether	whether	SCONJ
fueconorg-5201	112	13	the	the	DET
fueconorg-5201	112	14	dominant	dominant	ADJ
fueconorg-5201	112	15	use	use	NOUN
fueconorg-5201	112	16	of	of	ADP
fueconorg-5201	112	17	car	car	NOUN
fueconorg-5201	112	18	methodology	methodology	NOUN
fueconorg-5201	112	19	is	be	AUX
fueconorg-5201	112	20	justified	justify	VERB
fueconorg-5201	112	21	and	and	CCONJ
fueconorg-5201	112	22	that	that	SCONJ
fueconorg-5201	112	23	,	,	PUNCT
fueconorg-5201	112	24	according	accord	VERB
fueconorg-5201	112	25	to	to	ADP
fueconorg-5201	112	26	some	some	DET
fueconorg-5201	112	27	authors	author	NOUN
fueconorg-5201	112	28	(	(	PUNCT
fueconorg-5201	112	29	lim	lim	PROPN
fueconorg-5201	112	30	,	,	PUNCT
fueconorg-5201	112	31	brooks	brooks	PROPN
fueconorg-5201	112	32	&	&	CCONJ
fueconorg-5201	112	33	kim	kim	PROPN
fueconorg-5201	112	34	,	,	PUNCT
fueconorg-5201	112	35	2008	2008	NUM
fueconorg-5201	112	36	)	)	PUNCT
fueconorg-5201	112	37	,	,	PUNCT
fueconorg-5201	112	38	the	the	DET
fueconorg-5201	112	39	equity	equity	NOUN
fueconorg-5201	112	40	market	market	NOUN
fueconorg-5201	112	41	efficiency	efficiency	NOUN
fueconorg-5201	112	42	form	form	NOUN
fueconorg-5201	112	43	is	be	AUX
fueconorg-5201	112	44	not	not	PART
fueconorg-5201	112	45	unalterable	unalterable	ADJ
fueconorg-5201	112	46	in	in	ADP
fueconorg-5201	112	47	time	time	NOUN
fueconorg-5201	112	48	but	but	CCONJ
fueconorg-5201	112	49	may	may	AUX
fueconorg-5201	112	50	be	be	AUX
fueconorg-5201	112	51	changed	change	VERB
fueconorg-5201	112	52	from	from	ADP
fueconorg-5201	112	53	a	a	DET
fueconorg-5201	112	54	pre	pre	ADJ
fueconorg-5201	112	55	-	-	ADJ
fueconorg-5201	112	56	confidence	confidence	ADJ
fueconorg-5201	112	57	decline	decline	NOUN
fueconorg-5201	112	58	,	,	PUNCT
fueconorg-5201	112	59	to	to	ADP
fueconorg-5201	112	60	a	a	DET
fueconorg-5201	112	61	crisis	crisis	NOUN
fueconorg-5201	112	62	and	and	CCONJ
fueconorg-5201	112	63	confidence	confidence	NOUN
fueconorg-5201	112	64	recovery	recovery	NOUN
fueconorg-5201	112	65	periods	period	NOUN
fueconorg-5201	112	66	,	,	PUNCT
fueconorg-5201	112	67	in	in	ADP
fueconorg-5201	112	68	our	our	PRON
fueconorg-5201	112	69	research	research	NOUN
fueconorg-5201	112	70	,	,	PUNCT
fueconorg-5201	112	71	although	although	SCONJ
fueconorg-5201	112	72	we	we	PRON
fueconorg-5201	112	73	remained	remain	VERB
fueconorg-5201	112	74	within	within	ADP
fueconorg-5201	112	75	the	the	DET
fueconorg-5201	112	76	event	event	NOUN
fueconorg-5201	112	77	study	study	NOUN
fueconorg-5201	112	78	field	field	NOUN
fueconorg-5201	112	79	,	,	PUNCT
fueconorg-5201	112	80	we	we	PRON
fueconorg-5201	112	81	applied	apply	VERB
fueconorg-5201	112	82	a	a	DET
fueconorg-5201	112	83	slightly	slightly	ADV
fueconorg-5201	112	84	different	different	ADJ
fueconorg-5201	112	85	approach	approach	NOUN
fueconorg-5201	112	86	.	.	PUNCT
fueconorg-5201	113	1	in	in	ADP
fueconorg-5201	113	2	this	this	DET
fueconorg-5201	113	3	paper	paper	NOUN
fueconorg-5201	113	4	we	we	PRON
fueconorg-5201	113	5	examine	examine	VERB
fueconorg-5201	113	6	the	the	DET
fueconorg-5201	113	7	informative	informative	ADJ
fueconorg-5201	113	8	content	content	NOUN
fueconorg-5201	113	9	of	of	ADP
fueconorg-5201	113	10	the	the	DET
fueconorg-5201	113	11	bid	bid	NOUN
fueconorg-5201	113	12	premium	premium	NOUN
fueconorg-5201	113	13	and	and	CCONJ
fueconorg-5201	113	14	identify	identify	VERB
fueconorg-5201	113	15	differences	difference	NOUN
fueconorg-5201	113	16	in	in	ADP
fueconorg-5201	113	17	the	the	DET
fueconorg-5201	113	18	value	value	NOUN
fueconorg-5201	113	19	of	of	ADP
fueconorg-5201	113	20	the	the	DET
fueconorg-5201	113	21	bid	bid	NOUN
fueconorg-5201	113	22	premium	premium	NOUN
fueconorg-5201	113	23	depending	depend	VERB
fueconorg-5201	113	24	on	on	ADP
fueconorg-5201	113	25	:	:	PUNCT
fueconorg-5201	113	26	(	(	PUNCT
fueconorg-5201	113	27	1	1	X
fueconorg-5201	113	28	)	)	PUNCT
fueconorg-5201	113	29	the	the	DET
fueconorg-5201	113	30	observed	observed	ADJ
fueconorg-5201	113	31	timeframe	timeframe	NOUN
fueconorg-5201	113	32	;	;	PUNCT
fueconorg-5201	113	33	(	(	PUNCT
fueconorg-5201	113	34	3	3	X
fueconorg-5201	113	35	)	)	PUNCT
fueconorg-5201	113	36	characteristics	characteristic	NOUN
fueconorg-5201	113	37	of	of	ADP
fueconorg-5201	113	38	the	the	DET
fueconorg-5201	113	39	market	market	NOUN
fueconorg-5201	113	40	for	for	ADP
fueconorg-5201	113	41	corporate	corporate	ADJ
fueconorg-5201	113	42	control	control	NOUN
fueconorg-5201	113	43	in	in	ADP
fueconorg-5201	113	44	which	which	PRON
fueconorg-5201	113	45	the	the	DET
fueconorg-5201	113	46	target	target	NOUN
fueconorg-5201	113	47	operates	operate	VERB
fueconorg-5201	113	48	and	and	CCONJ
fueconorg-5201	113	49	the	the	DET
fueconorg-5201	113	50	degree	degree	NOUN
fueconorg-5201	113	51	of	of	ADP
fueconorg-5201	113	52	the	the	DET
fueconorg-5201	113	53	economic	economic	ADJ
fueconorg-5201	113	54	development	development	NOUN
fueconorg-5201	113	55	of	of	ADP
fueconorg-5201	113	56	the	the	DET
fueconorg-5201	113	57	countries	country	NOUN
fueconorg-5201	113	58	in	in	ADP
fueconorg-5201	113	59	which	which	PRON
fueconorg-5201	113	60	the	the	DET
fueconorg-5201	113	61	transaction	transaction	NOUN
fueconorg-5201	113	62	participants	participant	NOUN
fueconorg-5201	113	63	operate	operate	VERB
fueconorg-5201	113	64	;	;	PUNCT
fueconorg-5201	113	65	and	and	CCONJ
fueconorg-5201	113	66	(	(	PUNCT
fueconorg-5201	113	67	4	4	X
fueconorg-5201	113	68	)	)	PUNCT
fueconorg-5201	113	69	selected	select	VERB
fueconorg-5201	113	70	payment	payment	NOUN
fueconorg-5201	113	71	method	method	NOUN
fueconorg-5201	113	72	and	and	CCONJ
fueconorg-5201	113	73	motive	motive	VERB
fueconorg-5201	113	74	for	for	ADP
fueconorg-5201	113	75	entering	enter	VERB
fueconorg-5201	113	76	the	the	DET
fueconorg-5201	113	77	transaction	transaction	NOUN
fueconorg-5201	113	78	in	in	ADP
fueconorg-5201	113	79	regard	regard	NOUN
fueconorg-5201	113	80	to	to	ADP
fueconorg-5201	113	81	space	space	NOUN
fueconorg-5201	113	82	and	and	CCONJ
fueconorg-5201	113	83	time	time	NOUN
fueconorg-5201	113	84	dimensions	dimension	NOUN
fueconorg-5201	113	85	of	of	ADP
fueconorg-5201	113	86	bid	bid	NOUN
fueconorg-5201	113	87	premiums	premium	NOUN
fueconorg-5201	113	88	.	.	PUNCT
fueconorg-5201	114	1	4	4	X
fueconorg-5201	114	2	.	.	X
fueconorg-5201	114	3	research	research	NOUN
fueconorg-5201	114	4	results	result	VERB
fueconorg-5201	114	5	4.1	4.1	NUM
fueconorg-5201	114	6	.	.	PUNCT
fueconorg-5201	115	1	bid	bid	VERB
fueconorg-5201	115	2	premium	premium	NOUN
fueconorg-5201	115	3	behavior	behavior	NOUN
fueconorg-5201	115	4	before	before	ADP
fueconorg-5201	115	5	and	and	CCONJ
fueconorg-5201	115	6	after	after	ADP
fueconorg-5201	115	7	the	the	DET
fueconorg-5201	115	8	official	official	ADJ
fueconorg-5201	115	9	m&a	m&a	PROPN
fueconorg-5201	115	10	announcement	announcement	NOUN
fueconorg-5201	115	11	when	when	SCONJ
fueconorg-5201	115	12	the	the	DET
fueconorg-5201	115	13	sample	sample	NOUN
fueconorg-5201	115	14	is	be	AUX
fueconorg-5201	115	15	taken	take	VERB
fueconorg-5201	115	16	on	on	ADP
fueconorg-5201	115	17	the	the	DET
fueconorg-5201	115	18	whole	whole	NOUN
fueconorg-5201	115	19	,	,	PUNCT
fueconorg-5201	115	20	the	the	DET
fueconorg-5201	115	21	expected	expect	VERB
fueconorg-5201	115	22	results	result	NOUN
fueconorg-5201	115	23	are	be	AUX
fueconorg-5201	115	24	obtained	obtain	VERB
fueconorg-5201	115	25	showing	show	VERB
fueconorg-5201	115	26	that	that	SCONJ
fueconorg-5201	115	27	at	at	ADP
fueconorg-5201	115	28	the	the	DET
fueconorg-5201	115	29	significance	significance	NOUN
fueconorg-5201	115	30	level	level	NOUN
fueconorg-5201	115	31	of	of	ADP
fueconorg-5201	115	32	5	5	NUM
fueconorg-5201	115	33	%	%	NOUN
fueconorg-5201	115	34	the	the	DET
fueconorg-5201	115	35	average	average	ADJ
fueconorg-5201	115	36	bid	bid	NOUN
fueconorg-5201	115	37	premium	premium	NOUN
fueconorg-5201	115	38	calculated	calculate	VERB
fueconorg-5201	115	39	30	30	NUM
fueconorg-5201	115	40	days	day	NOUN
fueconorg-5201	115	41	prior	prior	ADV
fueconorg-5201	115	42	to	to	ADP
fueconorg-5201	115	43	the	the	DET
fueconorg-5201	115	44	official	official	ADJ
fueconorg-5201	115	45	m&a	m&a	PROPN
fueconorg-5201	115	46	announcement	announcement	NOUN
fueconorg-5201	115	47	is	be	AUX
fueconorg-5201	115	48	statistically	statistically	ADV
fueconorg-5201	115	49	significantly	significantly	ADV
fueconorg-5201	115	50	higher	high	ADJ
fueconorg-5201	115	51	than	than	ADP
fueconorg-5201	115	52	the	the	DET
fueconorg-5201	115	53	average	average	ADJ
fueconorg-5201	115	54	bid	bid	NOUN
fueconorg-5201	115	55	premium	premium	NOUN
fueconorg-5201	115	56	calculated	calculate	VERB
fueconorg-5201	115	57	1	1	NUM
fueconorg-5201	115	58	day	day	NOUN
fueconorg-5201	115	59	prior	prior	ADV
fueconorg-5201	115	60	to	to	ADP
fueconorg-5201	115	61	the	the	DET
fueconorg-5201	115	62	official	official	ADJ
fueconorg-5201	115	63	transaction	transaction	NOUN
fueconorg-5201	115	64	announcement	announcement	NOUN
fueconorg-5201	115	65	.	.	PUNCT
fueconorg-5201	116	1	such	such	DET
fueconorg-5201	116	2	a	a	DET
fueconorg-5201	116	3	result	result	NOUN
fueconorg-5201	116	4	is	be	AUX
fueconorg-5201	116	5	in	in	ADP
fueconorg-5201	116	6	line	line	NOUN
fueconorg-5201	116	7	with	with	ADP
fueconorg-5201	116	8	keown	keown	PROPN
fueconorg-5201	116	9	and	and	CCONJ
fueconorg-5201	116	10	pinkerton	pinkerton	PROPN
fueconorg-5201	116	11	(	(	PUNCT
fueconorg-5201	116	12	1981	1981	NUM
fueconorg-5201	116	13	)	)	PUNCT
fueconorg-5201	116	14	who	who	PRON
fueconorg-5201	116	15	find	find	VERB
fueconorg-5201	116	16	that	that	SCONJ
fueconorg-5201	116	17	“	"	PUNCT
fueconorg-5201	116	18	stock	stock	NOUN
fueconorg-5201	116	19	prices	price	NOUN
fueconorg-5201	116	20	react	react	VERB
fueconorg-5201	116	21	to	to	ADP
fueconorg-5201	116	22	future	future	ADJ
fueconorg-5201	116	23	mergers	merger	NOUN
fueconorg-5201	116	24	about	about	ADV
fueconorg-5201	116	25	one	one	NUM
fueconorg-5201	116	26	month	month	NOUN
fueconorg-5201	116	27	before	before	ADP
fueconorg-5201	116	28	announcements	announcement	NOUN
fueconorg-5201	116	29	”	"	PUNCT
fueconorg-5201	116	30	.	.	PUNCT
fueconorg-5201	117	1	there	there	PRON
fueconorg-5201	117	2	are	be	VERB
fueconorg-5201	117	3	some	some	DET
fueconorg-5201	117	4	authors	author	NOUN
fueconorg-5201	117	5	such	such	ADJ
fueconorg-5201	117	6	as	as	ADP
fueconorg-5201	117	7	halpern	halpern	PROPN
fueconorg-5201	117	8	(	(	PUNCT
fueconorg-5201	117	9	1973	1973	NUM
fueconorg-5201	117	10	)	)	PUNCT
fueconorg-5201	117	11	and	and	CCONJ
fueconorg-5201	117	12	mandelker	mandelker	NOUN
fueconorg-5201	117	13	(	(	PUNCT
fueconorg-5201	117	14	1974	1974	NUM
fueconorg-5201	117	15	)	)	PUNCT
fueconorg-5201	117	16	who	who	PRON
fueconorg-5201	117	17	find	find	VERB
fueconorg-5201	117	18	“	"	PUNCT
fueconorg-5201	117	19	the	the	DET
fueconorg-5201	117	20	price	price	NOUN
fueconorg-5201	117	21	run	run	NOUN
fueconorg-5201	117	22	-	-	PUNCT
fueconorg-5201	117	23	up	up	NOUN
fueconorg-5201	117	24	may	may	AUX
fueconorg-5201	117	25	start	start	VERB
fueconorg-5201	117	26	several	several	ADJ
fueconorg-5201	117	27	months	month	NOUN
fueconorg-5201	117	28	before	before	ADP
fueconorg-5201	117	29	m&a	m&a	PROPN
fueconorg-5201	117	30	announcements	announcement	NOUN
fueconorg-5201	117	31	”	"	PUNCT
fueconorg-5201	117	32	but	but	CCONJ
fueconorg-5201	117	33	in	in	ADP
fueconorg-5201	117	34	our	our	PRON
fueconorg-5201	117	35	paper	paper	NOUN
fueconorg-5201	117	36	we	we	PRON
fueconorg-5201	117	37	are	be	AUX
fueconorg-5201	117	38	not	not	PART
fueconorg-5201	117	39	considering	consider	VERB
fueconorg-5201	117	40	price	price	NOUN
fueconorg-5201	117	41	run	run	NOUN
fueconorg-5201	117	42	-	-	PUNCT
fueconorg-5201	117	43	ups	up	NOUN
fueconorg-5201	117	44	that	that	PRON
fueconorg-5201	117	45	may	may	AUX
fueconorg-5201	117	46	occur	occur	VERB
fueconorg-5201	117	47	more	more	ADJ
fueconorg-5201	117	48	than	than	ADP
fueconorg-5201	117	49	one	one	NUM
fueconorg-5201	117	50	month	month	NOUN
fueconorg-5201	117	51	before	before	ADP
fueconorg-5201	117	52	official	official	ADJ
fueconorg-5201	117	53	m&a	m&a	PROPN
fueconorg-5201	117	54	announcement	announcement	NOUN
fueconorg-5201	117	55	.	.	PUNCT
fueconorg-5201	118	1	while	while	SCONJ
fueconorg-5201	118	2	some	some	DET
fueconorg-5201	118	3	researchers	researcher	NOUN
fueconorg-5201	118	4	believe	believe	VERB
fueconorg-5201	118	5	the	the	DET
fueconorg-5201	118	6	run	run	NOUN
fueconorg-5201	118	7	-	-	PUNCT
fueconorg-5201	118	8	up	up	NOUN
fueconorg-5201	118	9	is	be	AUX
fueconorg-5201	118	10	caused	cause	VERB
fueconorg-5201	118	11	by	by	ADP
fueconorg-5201	118	12	market	market	NOUN
fueconorg-5201	118	13	anticipation	anticipation	NOUN
fueconorg-5201	118	14	or	or	CCONJ
fueconorg-5201	118	15	toehold	toehold	NOUN
fueconorg-5201	118	16	acquisition	acquisition	NOUN
fueconorg-5201	118	17	,	,	PUNCT
fueconorg-5201	118	18	tang	tang	X
fueconorg-5201	118	19	et	et	PROPN
fueconorg-5201	118	20	al	al	PROPN
fueconorg-5201	118	21	.	.	PROPN
fueconorg-5201	119	1	(	(	PUNCT
fueconorg-5201	119	2	2016	2016	NUM
fueconorg-5201	119	3	)	)	PUNCT
fueconorg-5201	119	4	find	find	VERB
fueconorg-5201	119	5	“	"	PUNCT
fueconorg-5201	119	6	neither	neither	PRON
fueconorg-5201	119	7	of	of	ADP
fueconorg-5201	119	8	the	the	DET
fueconorg-5201	119	9	two	two	NUM
fueconorg-5201	119	10	is	be	AUX
fueconorg-5201	119	11	able	able	ADJ
fueconorg-5201	119	12	to	to	PART
fueconorg-5201	119	13	explain	explain	VERB
fueconorg-5201	119	14	the	the	DET
fueconorg-5201	119	15	target	target	NOUN
fueconorg-5201	119	16	stock	stock	NOUN
fueconorg-5201	119	17	price	price	NOUN
fueconorg-5201	119	18	run	run	NOUN
fueconorg-5201	119	19	-	-	PUNCT
fueconorg-5201	119	20	up	up	NOUN
fueconorg-5201	119	21	prior	prior	ADV
fueconorg-5201	119	22	to	to	ADP
fueconorg-5201	119	23	m&a	m&a	PROPN
fueconorg-5201	119	24	announcements	announcement	NOUN
fueconorg-5201	119	25	.	.	PUNCT
fueconorg-5201	120	1	instead	instead	ADV
fueconorg-5201	120	2	,	,	PUNCT
fueconorg-5201	120	3	variables	variable	NOUN
fueconorg-5201	120	4	that	that	PRON
fueconorg-5201	120	5	are	be	AUX
fueconorg-5201	120	6	associated	associate	VERB
fueconorg-5201	120	7	with	with	ADP
fueconorg-5201	120	8	unreported	unreported	ADJ
fueconorg-5201	120	9	insider	insider	NOUN
fueconorg-5201	120	10	trading	trading	NOUN
fueconorg-5201	120	11	are	be	AUX
fueconorg-5201	120	12	significantly	significantly	ADV
fueconorg-5201	120	13	associated	associate	VERB
fueconorg-5201	120	14	with	with	ADP
fueconorg-5201	120	15	the	the	DET
fueconorg-5201	120	16	run	run	VERB
fueconorg-5201	120	17	-	-	PUNCT
fueconorg-5201	120	18	up	up	NOUN
fueconorg-5201	120	19	”	"	PUNCT
fueconorg-5201	120	20	.	.	PUNCT
fueconorg-5201	121	1	306	306	NUM
fueconorg-5201	121	2	m.	m.	NOUN
fueconorg-5201	121	3	živanović	živanović	NOUN
fueconorg-5201	121	4	,	,	PUNCT
fueconorg-5201	121	5	n.	n.	PROPN
fueconorg-5201	121	6	džudović	džudović	PROPN
fueconorg-5201	121	7	anyway	anyway	ADV
fueconorg-5201	121	8	,	,	PUNCT
fueconorg-5201	121	9	the	the	DET
fueconorg-5201	121	10	use	use	NOUN
fueconorg-5201	121	11	of	of	ADP
fueconorg-5201	121	12	bid	bid	NOUN
fueconorg-5201	121	13	premium	premium	NOUN
fueconorg-5201	121	14	calculated	calculate	VERB
fueconorg-5201	121	15	1	1	NUM
fueconorg-5201	121	16	day	day	NOUN
fueconorg-5201	121	17	prior	prior	ADV
fueconorg-5201	121	18	to	to	ADP
fueconorg-5201	121	19	the	the	DET
fueconorg-5201	121	20	official	official	ADJ
fueconorg-5201	121	21	transaction	transaction	NOUN
fueconorg-5201	121	22	announcement	announcement	NOUN
fueconorg-5201	121	23	for	for	ADP
fueconorg-5201	121	24	the	the	DET
fueconorg-5201	121	25	purposes	purpose	NOUN
fueconorg-5201	121	26	of	of	ADP
fueconorg-5201	121	27	analyzing	analyze	VERB
fueconorg-5201	121	28	the	the	DET
fueconorg-5201	121	29	expected	expect	VERB
fueconorg-5201	121	30	synergy	synergy	NOUN
fueconorg-5201	121	31	effects	effect	NOUN
fueconorg-5201	121	32	and	and	CCONJ
fueconorg-5201	121	33	abnormal	abnormal	ADJ
fueconorg-5201	121	34	returns	return	NOUN
fueconorg-5201	121	35	upon	upon	SCONJ
fueconorg-5201	121	36	transaction	transaction	NOUN
fueconorg-5201	121	37	announcement	announcement	NOUN
fueconorg-5201	121	38	could	could	AUX
fueconorg-5201	121	39	lead	lead	VERB
fueconorg-5201	121	40	to	to	ADP
fueconorg-5201	121	41	their	their	PRON
fueconorg-5201	121	42	inadequate	inadequate	ADJ
fueconorg-5201	121	43	evaluation	evaluation	NOUN
fueconorg-5201	121	44	.	.	PUNCT
fueconorg-5201	122	1	if	if	SCONJ
fueconorg-5201	122	2	,	,	PUNCT
fueconorg-5201	122	3	on	on	ADP
fueconorg-5201	122	4	the	the	DET
fueconorg-5201	122	5	other	other	ADJ
fueconorg-5201	122	6	hand	hand	NOUN
fueconorg-5201	122	7	,	,	PUNCT
fueconorg-5201	122	8	testing	testing	NOUN
fueconorg-5201	122	9	is	be	AUX
fueconorg-5201	122	10	performed	perform	VERB
fueconorg-5201	122	11	on	on	ADP
fueconorg-5201	122	12	each	each	DET
fueconorg-5201	122	13	individual	individual	ADJ
fueconorg-5201	122	14	sub	sub	NOUN
fueconorg-5201	122	15	-	-	NOUN
fueconorg-5201	122	16	sample	sample	NOUN
fueconorg-5201	122	17	defined	define	VERB
fueconorg-5201	122	18	,	,	PUNCT
fueconorg-5201	122	19	the	the	DET
fueconorg-5201	122	20	results	result	NOUN
fueconorg-5201	122	21	obtained	obtain	VERB
fueconorg-5201	122	22	are	be	AUX
fueconorg-5201	122	23	not	not	PART
fueconorg-5201	122	24	uniform	uniform	ADJ
fueconorg-5201	122	25	.	.	PUNCT
fueconorg-5201	123	1	in	in	ADP
fueconorg-5201	123	2	the	the	DET
fueconorg-5201	123	3	confidence	confidence	NOUN
fueconorg-5201	123	4	decline	decline	NOUN
fueconorg-5201	123	5	and	and	CCONJ
fueconorg-5201	123	6	confidence	confidence	NOUN
fueconorg-5201	123	7	recovery	recovery	NOUN
fueconorg-5201	123	8	period	period	NOUN
fueconorg-5201	123	9	,	,	PUNCT
fueconorg-5201	123	10	the	the	DET
fueconorg-5201	123	11	results	result	NOUN
fueconorg-5201	123	12	arrived	arrive	VERB
fueconorg-5201	123	13	at	at	ADP
fueconorg-5201	123	14	,	,	PUNCT
fueconorg-5201	123	15	match	match	VERB
fueconorg-5201	123	16	the	the	DET
fueconorg-5201	123	17	results	result	NOUN
fueconorg-5201	123	18	obtained	obtain	VERB
fueconorg-5201	123	19	for	for	ADP
fueconorg-5201	123	20	the	the	DET
fueconorg-5201	123	21	entire	entire	ADJ
fueconorg-5201	123	22	sample	sample	NOUN
fueconorg-5201	123	23	.	.	PUNCT
fueconorg-5201	124	1	however	however	ADV
fueconorg-5201	124	2	,	,	PUNCT
fueconorg-5201	124	3	in	in	ADP
fueconorg-5201	124	4	the	the	DET
fueconorg-5201	124	5	period	period	NOUN
fueconorg-5201	124	6	preceding	precede	VERB
fueconorg-5201	124	7	the	the	DET
fueconorg-5201	124	8	plummet	plummet	NOUN
fueconorg-5201	124	9	of	of	ADP
fueconorg-5201	124	10	the	the	DET
fueconorg-5201	124	11	share	share	NOUN
fueconorg-5201	124	12	prices	price	NOUN
fueconorg-5201	124	13	in	in	ADP
fueconorg-5201	124	14	almost	almost	ADV
fueconorg-5201	124	15	all	all	PRON
fueconorg-5201	124	16	global	global	ADJ
fueconorg-5201	124	17	stock	stock	NOUN
fueconorg-5201	124	18	markets	market	NOUN
fueconorg-5201	124	19	(	(	PUNCT
fueconorg-5201	124	20	confidence	confidence	NOUN
fueconorg-5201	124	21	pre	pre	ADJ
fueconorg-5201	124	22	-	-	ADJ
fueconorg-5201	124	23	decline	decline	ADJ
fueconorg-5201	124	24	period	period	NOUN
fueconorg-5201	124	25	)	)	PUNCT
fueconorg-5201	124	26	,	,	PUNCT
fueconorg-5201	124	27	the	the	DET
fueconorg-5201	124	28	results	result	NOUN
fueconorg-5201	124	29	show	show	VERB
fueconorg-5201	124	30	that	that	SCONJ
fueconorg-5201	124	31	there	there	PRON
fueconorg-5201	124	32	is	be	VERB
fueconorg-5201	124	33	no	no	DET
fueconorg-5201	124	34	statistically	statistically	ADV
fueconorg-5201	124	35	significant	significant	ADJ
fueconorg-5201	124	36	difference	difference	NOUN
fueconorg-5201	124	37	between	between	ADP
fueconorg-5201	124	38	the	the	DET
fueconorg-5201	124	39	bid	bid	NOUN
fueconorg-5201	124	40	premiums	premium	NOUN
fueconorg-5201	124	41	calculated	calculate	VERB
fueconorg-5201	124	42	30	30	NUM
fueconorg-5201	124	43	days	day	NOUN
fueconorg-5201	124	44	and	and	CCONJ
fueconorg-5201	124	45	1	1	NUM
fueconorg-5201	124	46	day	day	NOUN
fueconorg-5201	124	47	prior	prior	ADV
fueconorg-5201	124	48	the	the	DET
fueconorg-5201	124	49	official	official	ADJ
fueconorg-5201	124	50	merger	merger	NOUN
fueconorg-5201	124	51	announcement	announcement	NOUN
fueconorg-5201	124	52	.	.	PUNCT
fueconorg-5201	125	1	for	for	ADP
fueconorg-5201	125	2	the	the	DET
fueconorg-5201	125	3	sake	sake	NOUN
fueconorg-5201	125	4	of	of	ADP
fueconorg-5201	125	5	consistency	consistency	NOUN
fueconorg-5201	125	6	,	,	PUNCT
fueconorg-5201	125	7	we	we	PRON
fueconorg-5201	125	8	elected	elect	VERB
fueconorg-5201	125	9	to	to	PART
fueconorg-5201	125	10	use	use	VERB
fueconorg-5201	125	11	the	the	DET
fueconorg-5201	125	12	bid	bid	NOUN
fueconorg-5201	125	13	premium	premium	NOUN
fueconorg-5201	125	14	calculated	calculate	VERB
fueconorg-5201	125	15	30	30	NUM
fueconorg-5201	125	16	days	day	NOUN
fueconorg-5201	125	17	prior	prior	ADV
fueconorg-5201	125	18	to	to	ADP
fueconorg-5201	125	19	the	the	DET
fueconorg-5201	125	20	official	official	ADJ
fueconorg-5201	125	21	merger	merger	NOUN
fueconorg-5201	125	22	announcement	announcement	NOUN
fueconorg-5201	125	23	in	in	ADP
fueconorg-5201	125	24	each	each	PRON
fueconorg-5201	125	25	of	of	ADP
fueconorg-5201	125	26	the	the	DET
fueconorg-5201	125	27	three	three	NUM
fueconorg-5201	125	28	observed	observe	VERB
fueconorg-5201	125	29	periods	period	NOUN
fueconorg-5201	125	30	for	for	ADP
fueconorg-5201	125	31	the	the	DET
fueconorg-5201	125	32	purposes	purpose	NOUN
fueconorg-5201	125	33	of	of	ADP
fueconorg-5201	125	34	examining	examine	VERB
fueconorg-5201	125	35	the	the	DET
fueconorg-5201	125	36	bid	bid	NOUN
fueconorg-5201	125	37	premium	premium	NOUN
fueconorg-5201	125	38	informative	informative	ADJ
fueconorg-5201	125	39	content	content	NOUN
fueconorg-5201	125	40	.	.	PUNCT
fueconorg-5201	126	1	the	the	DET
fueconorg-5201	126	2	bid	bid	NOUN
fueconorg-5201	126	3	premium	premium	NOUN
fueconorg-5201	126	4	calculated	calculate	VERB
fueconorg-5201	126	5	subsequent	subsequent	ADJ
fueconorg-5201	126	6	to	to	ADP
fueconorg-5201	126	7	the	the	DET
fueconorg-5201	126	8	official	official	ADJ
fueconorg-5201	126	9	m&a	m&a	PROPN
fueconorg-5201	126	10	announcement	announcement	NOUN
fueconorg-5201	126	11	is	be	AUX
fueconorg-5201	126	12	used	use	VERB
fueconorg-5201	126	13	as	as	ADP
fueconorg-5201	126	14	a	a	DET
fueconorg-5201	126	15	measure	measure	NOUN
fueconorg-5201	126	16	of	of	ADP
fueconorg-5201	126	17	the	the	DET
fueconorg-5201	126	18	market	market	NOUN
fueconorg-5201	126	19	response	response	NOUN
fueconorg-5201	126	20	to	to	ADP
fueconorg-5201	126	21	the	the	DET
fueconorg-5201	126	22	information	information	NOUN
fueconorg-5201	126	23	reaching	reach	VERB
fueconorg-5201	126	24	the	the	DET
fueconorg-5201	126	25	market	market	NOUN
fueconorg-5201	126	26	with	with	ADP
fueconorg-5201	126	27	regard	regard	NOUN
fueconorg-5201	126	28	to	to	ADP
fueconorg-5201	126	29	the	the	DET
fueconorg-5201	126	30	transaction	transaction	NOUN
fueconorg-5201	126	31	announcement	announcement	NOUN
fueconorg-5201	126	32	.	.	PUNCT
fueconorg-5201	127	1	if	if	SCONJ
fueconorg-5201	127	2	the	the	DET
fueconorg-5201	127	3	bidder	bidder	NOUN
fueconorg-5201	127	4	appropriately	appropriately	ADV
fueconorg-5201	127	5	measured	measure	VERB
fueconorg-5201	127	6	the	the	DET
fueconorg-5201	127	7	expected	expect	VERB
fueconorg-5201	127	8	benefits	benefit	NOUN
fueconorg-5201	127	9	from	from	ADP
fueconorg-5201	127	10	the	the	DET
fueconorg-5201	127	11	transaction	transaction	NOUN
fueconorg-5201	127	12	and	and	CCONJ
fueconorg-5201	127	13	defined	define	VERB
fueconorg-5201	127	14	the	the	DET
fueconorg-5201	127	15	appropriate	appropriate	ADJ
fueconorg-5201	127	16	bid	bid	NOUN
fueconorg-5201	127	17	premium	premium	NOUN
fueconorg-5201	127	18	amount	amount	NOUN
fueconorg-5201	127	19	accordingly	accordingly	ADV
fueconorg-5201	127	20	,	,	PUNCT
fueconorg-5201	127	21	and	and	CCONJ
fueconorg-5201	127	22	if	if	SCONJ
fueconorg-5201	127	23	,	,	PUNCT
fueconorg-5201	127	24	additionally	additionally	ADV
fueconorg-5201	127	25	,	,	PUNCT
fueconorg-5201	127	26	there	there	PRON
fueconorg-5201	127	27	is	be	VERB
fueconorg-5201	127	28	no	no	DET
fueconorg-5201	127	29	uncertainty	uncertainty	NOUN
fueconorg-5201	127	30	in	in	ADP
fueconorg-5201	127	31	respect	respect	NOUN
fueconorg-5201	127	32	of	of	ADP
fueconorg-5201	127	33	the	the	DET
fueconorg-5201	127	34	transaction	transaction	NOUN
fueconorg-5201	127	35	completion	completion	NOUN
fueconorg-5201	127	36	at	at	ADP
fueconorg-5201	127	37	the	the	DET
fueconorg-5201	127	38	price	price	NOUN
fueconorg-5201	127	39	defined	define	VERB
fueconorg-5201	127	40	in	in	ADP
fueconorg-5201	127	41	the	the	DET
fueconorg-5201	127	42	offer	offer	NOUN
fueconorg-5201	127	43	,	,	PUNCT
fueconorg-5201	127	44	the	the	DET
fueconorg-5201	127	45	market	market	NOUN
fueconorg-5201	127	46	ought	ought	AUX
fueconorg-5201	127	47	to	to	PART
fueconorg-5201	127	48	equal	equal	VERB
fueconorg-5201	127	49	the	the	DET
fueconorg-5201	127	50	target	target	NOUN
fueconorg-5201	127	51	share	share	NOUN
fueconorg-5201	127	52	price	price	NOUN
fueconorg-5201	127	53	to	to	ADP
fueconorg-5201	127	54	the	the	DET
fueconorg-5201	127	55	share	share	NOUN
fueconorg-5201	127	56	price	price	NOUN
fueconorg-5201	127	57	defined	define	VERB
fueconorg-5201	127	58	in	in	ADP
fueconorg-5201	127	59	the	the	DET
fueconorg-5201	127	60	offer	offer	NOUN
fueconorg-5201	127	61	.	.	PUNCT
fueconorg-5201	128	1	statistically	statistically	ADV
fueconorg-5201	128	2	,	,	PUNCT
fueconorg-5201	128	3	this	this	PRON
fueconorg-5201	128	4	would	would	AUX
fueconorg-5201	128	5	mean	mean	VERB
fueconorg-5201	128	6	that	that	SCONJ
fueconorg-5201	128	7	the	the	DET
fueconorg-5201	128	8	bid	bid	NOUN
fueconorg-5201	128	9	premium	premium	NOUN
fueconorg-5201	128	10	calculated	calculate	VERB
fueconorg-5201	128	11	after	after	SCONJ
fueconorg-5201	128	12	the	the	DET
fueconorg-5201	128	13	official	official	ADJ
fueconorg-5201	128	14	m&a	m&a	PROPN
fueconorg-5201	128	15	announcement	announcement	NOUN
fueconorg-5201	128	16	should	should	AUX
fueconorg-5201	128	17	not	not	PART
fueconorg-5201	128	18	be	be	AUX
fueconorg-5201	128	19	statistically	statistically	ADV
fueconorg-5201	128	20	significantly	significantly	ADV
fueconorg-5201	128	21	different	different	ADJ
fueconorg-5201	128	22	from	from	ADP
fueconorg-5201	128	23	zero	zero	NUM
fueconorg-5201	128	24	.	.	PUNCT
fueconorg-5201	129	1	we	we	PRON
fueconorg-5201	129	2	first	first	ADV
fueconorg-5201	129	3	test	test	VERB
fueconorg-5201	129	4	whether	whether	SCONJ
fueconorg-5201	129	5	there	there	PRON
fueconorg-5201	129	6	is	be	VERB
fueconorg-5201	129	7	a	a	DET
fueconorg-5201	129	8	statistically	statistically	ADV
fueconorg-5201	129	9	significant	significant	ADJ
fueconorg-5201	129	10	difference	difference	NOUN
fueconorg-5201	129	11	between	between	ADP
fueconorg-5201	129	12	the	the	DET
fueconorg-5201	129	13	values	value	NOUN
fueconorg-5201	129	14	of	of	ADP
fueconorg-5201	129	15	the	the	DET
fueconorg-5201	129	16	bid	bid	NOUN
fueconorg-5201	129	17	premiums	premium	NOUN
fueconorg-5201	129	18	calculated	calculate	VERB
fueconorg-5201	129	19	1	1	NUM
fueconorg-5201	129	20	day	day	NOUN
fueconorg-5201	129	21	and	and	CCONJ
fueconorg-5201	129	22	30	30	NUM
fueconorg-5201	129	23	days	day	NOUN
fueconorg-5201	129	24	after	after	ADP
fueconorg-5201	129	25	the	the	DET
fueconorg-5201	129	26	official	official	ADJ
fueconorg-5201	129	27	m&a	m&a	PROPN
fueconorg-5201	129	28	announcement	announcement	NOUN
fueconorg-5201	129	29	.	.	PUNCT
fueconorg-5201	130	1	thereby	thereby	ADV
fueconorg-5201	130	2	we	we	PRON
fueconorg-5201	130	3	want	want	VERB
fueconorg-5201	130	4	to	to	PART
fueconorg-5201	130	5	investigate	investigate	VERB
fueconorg-5201	130	6	whether	whether	SCONJ
fueconorg-5201	130	7	the	the	DET
fueconorg-5201	130	8	character	character	NOUN
fueconorg-5201	130	9	of	of	ADP
fueconorg-5201	130	10	the	the	DET
fueconorg-5201	130	11	market	market	NOUN
fueconorg-5201	130	12	response	response	NOUN
fueconorg-5201	130	13	to	to	ADP
fueconorg-5201	130	14	the	the	DET
fueconorg-5201	130	15	transaction	transaction	NOUN
fueconorg-5201	130	16	announcement	announcement	NOUN
fueconorg-5201	130	17	changes	change	VERB
fueconorg-5201	130	18	with	with	ADP
fueconorg-5201	130	19	the	the	DET
fueconorg-5201	130	20	passage	passage	NOUN
fueconorg-5201	130	21	of	of	ADP
fueconorg-5201	130	22	time	time	NOUN
fueconorg-5201	130	23	and	and	CCONJ
fueconorg-5201	130	24	whether	whether	SCONJ
fueconorg-5201	130	25	the	the	DET
fueconorg-5201	130	26	market	market	NOUN
fueconorg-5201	130	27	changes	change	VERB
fueconorg-5201	130	28	its	its	PRON
fueconorg-5201	130	29	initial	initial	ADJ
fueconorg-5201	130	30	“	"	PUNCT
fueconorg-5201	130	31	attitude	attitude	NOUN
fueconorg-5201	130	32	”	"	PUNCT
fueconorg-5201	130	33	regarding	regard	VERB
fueconorg-5201	130	34	the	the	DET
fueconorg-5201	130	35	justification	justification	NOUN
fueconorg-5201	130	36	of	of	ADP
fueconorg-5201	130	37	the	the	DET
fueconorg-5201	130	38	price	price	NOUN
fueconorg-5201	130	39	offered	offer	VERB
fueconorg-5201	130	40	in	in	ADP
fueconorg-5201	130	41	a	a	DET
fueconorg-5201	130	42	particular	particular	ADJ
fueconorg-5201	130	43	transaction	transaction	NOUN
fueconorg-5201	130	44	.	.	PUNCT
fueconorg-5201	131	1	testing	testing	NOUN
fueconorg-5201	131	2	is	be	AUX
fueconorg-5201	131	3	first	first	ADV
fueconorg-5201	131	4	conducted	conduct	VERB
fueconorg-5201	131	5	on	on	ADP
fueconorg-5201	131	6	the	the	DET
fueconorg-5201	131	7	entire	entire	ADJ
fueconorg-5201	131	8	sample	sample	NOUN
fueconorg-5201	131	9	and	and	CCONJ
fueconorg-5201	131	10	thereafter	thereafter	ADV
fueconorg-5201	131	11	on	on	ADP
fueconorg-5201	131	12	each	each	PRON
fueconorg-5201	131	13	of	of	ADP
fueconorg-5201	131	14	the	the	DET
fueconorg-5201	131	15	three	three	NUM
fueconorg-5201	131	16	sub	sub	NOUN
fueconorg-5201	131	17	-	-	NOUN
fueconorg-5201	131	18	samples	sample	NOUN
fueconorg-5201	131	19	.	.	PUNCT
fueconorg-5201	132	1	in	in	ADP
fueconorg-5201	132	2	both	both	DET
fueconorg-5201	132	3	instances	instance	NOUN
fueconorg-5201	132	4	identical	identical	ADJ
fueconorg-5201	132	5	results	result	NOUN
fueconorg-5201	132	6	are	be	AUX
fueconorg-5201	132	7	obtained	obtain	VERB
fueconorg-5201	132	8	–	–	PUNCT
fueconorg-5201	132	9	there	there	PRON
fueconorg-5201	132	10	is	be	VERB
fueconorg-5201	132	11	no	no	DET
fueconorg-5201	132	12	statistically	statistically	ADV
fueconorg-5201	132	13	significant	significant	ADJ
fueconorg-5201	132	14	difference	difference	NOUN
fueconorg-5201	132	15	between	between	ADP
fueconorg-5201	132	16	the	the	DET
fueconorg-5201	132	17	amounts	amount	NOUN
fueconorg-5201	132	18	of	of	ADP
fueconorg-5201	132	19	1	1	NUM
fueconorg-5201	132	20	-	-	PUNCT
fueconorg-5201	132	21	day	day	NOUN
fueconorg-5201	132	22	and	and	CCONJ
fueconorg-5201	132	23	30	30	NUM
fueconorg-5201	132	24	-	-	PUNCT
fueconorg-5201	132	25	day	day	NOUN
fueconorg-5201	132	26	post	post	NOUN
fueconorg-5201	132	27	announcement	announcement	NOUN
fueconorg-5201	132	28	bid	bid	VERB
fueconorg-5201	132	29	premiums	premium	NOUN
fueconorg-5201	132	30	.	.	PUNCT
fueconorg-5201	133	1	naturally	naturally	ADV
fueconorg-5201	133	2	,	,	PUNCT
fueconorg-5201	133	3	this	this	PRON
fueconorg-5201	133	4	still	still	ADV
fueconorg-5201	133	5	tells	tell	VERB
fueconorg-5201	133	6	little	little	ADJ
fueconorg-5201	133	7	about	about	ADP
fueconorg-5201	133	8	what	what	DET
fueconorg-5201	133	9	attitude	attitude	NOUN
fueconorg-5201	133	10	the	the	DET
fueconorg-5201	133	11	market	market	NOUN
fueconorg-5201	133	12	assumed	assume	VERB
fueconorg-5201	133	13	or	or	CCONJ
fueconorg-5201	133	14	whether	whether	SCONJ
fueconorg-5201	133	15	the	the	DET
fueconorg-5201	133	16	attitude	attitude	NOUN
fueconorg-5201	133	17	changes	change	VERB
fueconorg-5201	133	18	over	over	ADP
fueconorg-5201	133	19	a	a	DET
fueconorg-5201	133	20	period	period	NOUN
fueconorg-5201	133	21	longer	long	ADV
fueconorg-5201	133	22	than	than	ADP
fueconorg-5201	133	23	a	a	DET
fueconorg-5201	133	24	month	month	NOUN
fueconorg-5201	133	25	following	follow	VERB
fueconorg-5201	133	26	the	the	DET
fueconorg-5201	133	27	official	official	ADJ
fueconorg-5201	133	28	transaction	transaction	NOUN
fueconorg-5201	133	29	announcement	announcement	NOUN
fueconorg-5201	133	30	.	.	PUNCT
fueconorg-5201	134	1	the	the	DET
fueconorg-5201	134	2	results	result	NOUN
fueconorg-5201	134	3	obtained	obtain	VERB
fueconorg-5201	134	4	are	be	AUX
fueconorg-5201	134	5	provided	provide	VERB
fueconorg-5201	134	6	in	in	ADP
fueconorg-5201	134	7	table	table	NOUN
fueconorg-5201	134	8	1	1	NUM
fueconorg-5201	134	9	.	.	PUNCT
fueconorg-5201	134	10	table	table	NOUN
fueconorg-5201	134	11	1	1	NUM
fueconorg-5201	134	12	bid	bid	NOUN
fueconorg-5201	134	13	premium	premium	NOUN
fueconorg-5201	134	14	trends	trend	NOUN
fueconorg-5201	134	15	prior	prior	ADV
fueconorg-5201	134	16	and	and	CCONJ
fueconorg-5201	134	17	after	after	ADP
fueconorg-5201	134	18	to	to	ADP
fueconorg-5201	134	19	transaction	transaction	NOUN
fueconorg-5201	134	20	announcement	announcement	NOUN
fueconorg-5201	134	21	paired	pair	VERB
fueconorg-5201	135	1	samples	sample	NOUN
fueconorg-5201	135	2	test	test	NOUN
fueconorg-5201	135	3	mean	mean	VERB
fueconorg-5201	135	4	std	std	X
fueconorg-5201	135	5	.	.	PUNCT
fueconorg-5201	136	1	deviation	deviation	NOUN
fueconorg-5201	136	2	t	t	PROPN
fueconorg-5201	136	3	statistic	statistic	NOUN
fueconorg-5201	136	4	sig	sig	PROPN
fueconorg-5201	136	5	.	.	PUNCT
fueconorg-5201	137	1	(	(	PUNCT
fueconorg-5201	137	2	2	2	NUM
fueconorg-5201	137	3	-	-	PUNCT
fueconorg-5201	137	4	tailed	tail	VERB
fueconorg-5201	137	5	)	)	PUNCT
fueconorg-5201	137	6	for	for	ADP
fueconorg-5201	137	7	the	the	DET
fueconorg-5201	137	8	entire	entire	ADJ
fueconorg-5201	137	9	sample	sample	NOUN
fueconorg-5201	137	10	bid	bid	NOUN
fueconorg-5201	137	11	premia	premia	PROPN
fueconorg-5201	137	12	share	share	NOUN
fueconorg-5201	137	13	price	price	NOUN
fueconorg-5201	138	1	-1	-1	NOUN
fueconorg-5201	138	2	,	,	PUNCT
fueconorg-5201	138	3	-30	-30	PROPN
fueconorg-5201	138	4	-0.05684	-0.05684	NOUN
fueconorg-5201	139	1	0.31190	0.31190	NUM
fueconorg-5201	139	2	-5.100	-5.100	SYM
fueconorg-5201	139	3	0.000	0.000	NUM
fueconorg-5201	139	4	bid	bid	NOUN
fueconorg-5201	139	5	premia	premia	PROPN
fueconorg-5201	139	6	share	share	NOUN
fueconorg-5201	139	7	price	price	NOUN
fueconorg-5201	139	8	+1	+1	PROPN
fueconorg-5201	139	9	,	,	PUNCT
fueconorg-5201	139	10	+30	+30	ADJ
fueconorg-5201	139	11	-0.01134	-0.01134	NOUN
fueconorg-5201	139	12	0.35101	0.35101	NUM
fueconorg-5201	139	13	-0.904	-0.904	PUNCT
fueconorg-5201	139	14	0.366	0.366	NUM
fueconorg-5201	139	15	pre	pre	ADJ
fueconorg-5201	139	16	-	-	ADJ
fueconorg-5201	139	17	confidence	confidence	ADJ
fueconorg-5201	139	18	decline	decline	NOUN
fueconorg-5201	139	19	period	period	NOUN
fueconorg-5201	139	20	bid	bid	NOUN
fueconorg-5201	139	21	premia	premia	PROPN
fueconorg-5201	139	22	share	share	NOUN
fueconorg-5201	139	23	price	price	NOUN
fueconorg-5201	139	24	-1	-1	NOUN
fueconorg-5201	139	25	,	,	PUNCT
fueconorg-5201	139	26	-30	-30	PROPN
fueconorg-5201	139	27	-0.05280	-0.05280	NOUN
fueconorg-5201	139	28	0.47005	0.47005	NUM
fueconorg-5201	139	29	-1.658	-1.658	NOUN
fueconorg-5201	139	30	0.099	0.099	NUM
fueconorg-5201	139	31	bid	bid	NOUN
fueconorg-5201	139	32	premia	premia	PROPN
fueconorg-5201	139	33	share	share	NOUN
fueconorg-5201	139	34	price	price	NOUN
fueconorg-5201	139	35	+1	+1	PROPN
fueconorg-5201	139	36	,	,	PUNCT
fueconorg-5201	139	37	+30	+30	NOUN
fueconorg-5201	139	38	-0.00646	-0.00646	NOUN
fueconorg-5201	139	39	0.12170	0.12170	NUM
fueconorg-5201	139	40	-0.784	-0.784	NOUN
fueconorg-5201	139	41	0.434	0.434	NUM
fueconorg-5201	139	42	crisis	crisis	NOUN
fueconorg-5201	139	43	period	period	NOUN
fueconorg-5201	139	44	bid	bid	NOUN
fueconorg-5201	139	45	premia	premia	PROPN
fueconorg-5201	139	46	share	share	NOUN
fueconorg-5201	139	47	price	price	NOUN
fueconorg-5201	140	1	-1	-1	NOUN
fueconorg-5201	140	2	,	,	PUNCT
fueconorg-5201	140	3	-30	-30	PROPN
fueconorg-5201	140	4	-0.03750	-0.03750	NOUN
fueconorg-5201	141	1	0.24832	0.24832	NUM
fueconorg-5201	141	2	-2.667	-2.667	NOUN
fueconorg-5201	141	3	0.008	0.008	NUM
fueconorg-5201	141	4	bid	bid	NOUN
fueconorg-5201	141	5	premia	premia	PROPN
fueconorg-5201	141	6	share	share	NOUN
fueconorg-5201	141	7	price	price	NOUN
fueconorg-5201	141	8	+1	+1	PROPN
fueconorg-5201	141	9	,	,	PUNCT
fueconorg-5201	141	10	+30	+30	ADJ
fueconorg-5201	141	11	-0.00595	-0.00595	NOUN
fueconorg-5201	141	12	0.13537	0.13537	NUM
fueconorg-5201	141	13	-0.776	-0.776	NOUN
fueconorg-5201	141	14	0.438	0.438	NUM
fueconorg-5201	141	15	confidence	confidence	NOUN
fueconorg-5201	141	16	recovery	recovery	NOUN
fueconorg-5201	141	17	period	period	NOUN
fueconorg-5201	141	18	bid	bid	NOUN
fueconorg-5201	141	19	premia	premia	PROPN
fueconorg-5201	141	20	share	share	NOUN
fueconorg-5201	141	21	price	price	NOUN
fueconorg-5201	141	22	-1	-1	NOUN
fueconorg-5201	141	23	,	,	PUNCT
fueconorg-5201	141	24	-30	-30	NUM
fueconorg-5201	141	25	-0.08418	-0.08418	NOUN
fueconorg-5201	141	26	0.18519	0.18519	NUM
fueconorg-5201	141	27	-7.230	-7.230	NUM
fueconorg-5201	141	28	0.000	0.000	NUM
fueconorg-5201	141	29	bid	bid	NOUN
fueconorg-5201	141	30	premia	premia	PROPN
fueconorg-5201	141	31	share	share	NOUN
fueconorg-5201	141	32	price	price	NOUN
fueconorg-5201	141	33	+1	+1	PROPN
fueconorg-5201	141	34	,	,	PUNCT
fueconorg-5201	141	35	+30	+30	ADJ
fueconorg-5201	141	36	-0.02220	-0.02220	X
fueconorg-5201	141	37	0.58890	0.58890	NUM
fueconorg-5201	141	38	-0.600	-0.600	NUM
fueconorg-5201	141	39	0.549	0.549	NUM
fueconorg-5201	141	40	source	source	NOUN
fueconorg-5201	141	41	:	:	PUNCT
fueconorg-5201	141	42	authors	author	NOUN
fueconorg-5201	141	43	’	’	PART
fueconorg-5201	141	44	calculation	calculation	NOUN
fueconorg-5201	141	45	why	why	SCONJ
fueconorg-5201	141	46	pay	pay	VERB
fueconorg-5201	141	47	more	more	ADJ
fueconorg-5201	141	48	–	–	PUNCT
fueconorg-5201	141	49	world	world	NOUN
fueconorg-5201	141	50	evidence	evidence	NOUN
fueconorg-5201	141	51	on	on	ADP
fueconorg-5201	141	52	m&a	m&a	PROPN
fueconorg-5201	141	53	bid	bid	VERB
fueconorg-5201	141	54	premium	premium	NOUN
fueconorg-5201	141	55	determinants	determinant	NOUN
fueconorg-5201	141	56	307	307	NUM
fueconorg-5201	141	57	in	in	ADP
fueconorg-5201	141	58	order	order	NOUN
fueconorg-5201	141	59	to	to	PART
fueconorg-5201	141	60	examine	examine	VERB
fueconorg-5201	141	61	the	the	DET
fueconorg-5201	141	62	character	character	NOUN
fueconorg-5201	141	63	of	of	ADP
fueconorg-5201	141	64	the	the	DET
fueconorg-5201	141	65	market	market	NOUN
fueconorg-5201	141	66	response	response	NOUN
fueconorg-5201	141	67	to	to	ADP
fueconorg-5201	141	68	the	the	DET
fueconorg-5201	141	69	transaction	transaction	NOUN
fueconorg-5201	141	70	announcement	announcement	NOUN
fueconorg-5201	141	71	we	we	PRON
fueconorg-5201	141	72	test	test	VERB
fueconorg-5201	141	73	whether	whether	SCONJ
fueconorg-5201	141	74	the	the	DET
fueconorg-5201	141	75	average	average	ADJ
fueconorg-5201	141	76	bid	bid	NOUN
fueconorg-5201	141	77	premiums	premium	NOUN
fueconorg-5201	141	78	calculated	calculate	VERB
fueconorg-5201	141	79	at	at	ADP
fueconorg-5201	141	80	+1	+1	PROPN
fueconorg-5201	141	81	and	and	CCONJ
fueconorg-5201	141	82	+30	+30	NUM
fueconorg-5201	141	83	points	point	NOUN
fueconorg-5201	141	84	in	in	ADP
fueconorg-5201	141	85	time	time	NOUN
fueconorg-5201	141	86	statistically	statistically	ADV
fueconorg-5201	141	87	significantly	significantly	ADV
fueconorg-5201	141	88	differ	differ	VERB
fueconorg-5201	141	89	from	from	ADP
fueconorg-5201	141	90	zero	zero	NUM
fueconorg-5201	141	91	,	,	PUNCT
fueconorg-5201	141	92	which	which	PRON
fueconorg-5201	141	93	would	would	AUX
fueconorg-5201	141	94	mean	mean	VERB
fueconorg-5201	141	95	the	the	DET
fueconorg-5201	141	96	market	market	NOUN
fueconorg-5201	141	97	’s	’s	PART
fueconorg-5201	141	98	perception	perception	NOUN
fueconorg-5201	141	99	of	of	ADP
fueconorg-5201	141	100	the	the	DET
fueconorg-5201	141	101	prices	price	NOUN
fueconorg-5201	141	102	defined	define	VERB
fueconorg-5201	141	103	in	in	ADP
fueconorg-5201	141	104	the	the	DET
fueconorg-5201	141	105	offer	offer	NOUN
fueconorg-5201	141	106	is	be	AUX
fueconorg-5201	141	107	unjustifiably	unjustifiably	ADV
fueconorg-5201	141	108	high	high	ADJ
fueconorg-5201	141	109	,	,	PUNCT
fueconorg-5201	141	110	i.e.	i.e.	X
fueconorg-5201	141	111	,	,	PUNCT
fueconorg-5201	141	112	that	that	SCONJ
fueconorg-5201	141	113	the	the	DET
fueconorg-5201	141	114	bid	bid	NOUN
fueconorg-5201	141	115	premium	premium	NOUN
fueconorg-5201	141	116	value	value	NOUN
fueconorg-5201	141	117	is	be	AUX
fueconorg-5201	141	118	above	above	ADP
fueconorg-5201	141	119	its	its	PRON
fueconorg-5201	141	120	realistic	realistic	ADJ
fueconorg-5201	141	121	value	value	NOUN
fueconorg-5201	141	122	(	(	PUNCT
fueconorg-5201	141	123	results	result	NOUN
fueconorg-5201	141	124	are	be	AUX
fueconorg-5201	141	125	presented	present	VERB
fueconorg-5201	141	126	in	in	ADP
fueconorg-5201	141	127	table	table	NOUN
fueconorg-5201	141	128	2	2	NUM
fueconorg-5201	141	129	)	)	PUNCT
fueconorg-5201	141	130	.	.	PUNCT
fueconorg-5201	142	1	when	when	SCONJ
fueconorg-5201	142	2	viewed	view	VERB
fueconorg-5201	142	3	per	per	ADP
fueconorg-5201	142	4	sub	sub	NOUN
fueconorg-5201	142	5	-	-	NOUN
fueconorg-5201	142	6	sample	sample	NOUN
fueconorg-5201	142	7	,	,	PUNCT
fueconorg-5201	142	8	the	the	DET
fueconorg-5201	142	9	testing	testing	NOUN
fueconorg-5201	142	10	results	result	VERB
fueconorg-5201	142	11	on	on	ADP
fueconorg-5201	142	12	the	the	DET
fueconorg-5201	142	13	first	first	ADJ
fueconorg-5201	142	14	two	two	NUM
fueconorg-5201	142	15	periods	period	NOUN
fueconorg-5201	142	16	are	be	AUX
fueconorg-5201	142	17	identical	identical	ADJ
fueconorg-5201	142	18	,	,	PUNCT
fueconorg-5201	142	19	the	the	DET
fueconorg-5201	142	20	average	average	ADJ
fueconorg-5201	142	21	bid	bid	NOUN
fueconorg-5201	142	22	premiums	premium	NOUN
fueconorg-5201	142	23	at	at	ADP
fueconorg-5201	142	24	+1	+1	PROPN
fueconorg-5201	142	25	and	and	CCONJ
fueconorg-5201	142	26	+30	+30	NUM
fueconorg-5201	142	27	points	point	NOUN
fueconorg-5201	142	28	in	in	ADP
fueconorg-5201	142	29	time	time	NOUN
fueconorg-5201	142	30	are	be	AUX
fueconorg-5201	142	31	statistically	statistically	ADV
fueconorg-5201	142	32	significantly	significantly	ADV
fueconorg-5201	142	33	higher	high	ADJ
fueconorg-5201	142	34	than	than	ADP
fueconorg-5201	142	35	zero	zero	NUM
fueconorg-5201	142	36	.	.	PUNCT
fueconorg-5201	143	1	on	on	ADP
fueconorg-5201	143	2	one	one	NUM
fueconorg-5201	143	3	end	end	NOUN
fueconorg-5201	143	4	,	,	PUNCT
fueconorg-5201	143	5	these	these	DET
fueconorg-5201	143	6	results	result	NOUN
fueconorg-5201	143	7	may	may	AUX
fueconorg-5201	143	8	be	be	AUX
fueconorg-5201	143	9	interpreted	interpret	VERB
fueconorg-5201	143	10	in	in	ADP
fueconorg-5201	143	11	the	the	DET
fueconorg-5201	143	12	context	context	NOUN
fueconorg-5201	143	13	of	of	ADP
fueconorg-5201	143	14	the	the	DET
fueconorg-5201	143	15	market	market	NOUN
fueconorg-5201	143	16	’s	’s	PART
fueconorg-5201	143	17	inability	inability	NOUN
fueconorg-5201	143	18	to	to	PART
fueconorg-5201	143	19	incorporate	incorporate	VERB
fueconorg-5201	143	20	the	the	DET
fueconorg-5201	143	21	new	new	ADJ
fueconorg-5201	143	22	information	information	NOUN
fueconorg-5201	143	23	in	in	ADP
fueconorg-5201	143	24	the	the	DET
fueconorg-5201	143	25	target	target	NOUN
fueconorg-5201	143	26	share	share	NOUN
fueconorg-5201	143	27	prices	price	NOUN
fueconorg-5201	143	28	in	in	ADP
fueconorg-5201	143	29	the	the	DET
fueconorg-5201	143	30	relatively	relatively	ADV
fueconorg-5201	143	31	short	short	ADJ
fueconorg-5201	143	32	period	period	NOUN
fueconorg-5201	143	33	of	of	ADP
fueconorg-5201	143	34	30	30	NUM
fueconorg-5201	143	35	days	day	NOUN
fueconorg-5201	143	36	only	only	ADV
fueconorg-5201	143	37	.	.	PUNCT
fueconorg-5201	144	1	on	on	ADP
fueconorg-5201	144	2	the	the	DET
fueconorg-5201	144	3	other	other	ADJ
fueconorg-5201	144	4	,	,	PUNCT
fueconorg-5201	144	5	the	the	DET
fueconorg-5201	144	6	explanation	explanation	NOUN
fueconorg-5201	144	7	may	may	AUX
fueconorg-5201	144	8	be	be	AUX
fueconorg-5201	144	9	found	find	VERB
fueconorg-5201	144	10	in	in	ADP
fueconorg-5201	144	11	the	the	DET
fueconorg-5201	144	12	fact	fact	NOUN
fueconorg-5201	144	13	that	that	SCONJ
fueconorg-5201	144	14	,	,	PUNCT
fueconorg-5201	144	15	despite	despite	SCONJ
fueconorg-5201	144	16	the	the	DET
fueconorg-5201	144	17	adequate	adequate	ADJ
fueconorg-5201	144	18	and	and	CCONJ
fueconorg-5201	144	19	timely	timely	ADJ
fueconorg-5201	144	20	market	market	NOUN
fueconorg-5201	144	21	response	response	NOUN
fueconorg-5201	144	22	,	,	PUNCT
fueconorg-5201	144	23	the	the	DET
fueconorg-5201	144	24	target	target	NOUN
fueconorg-5201	144	25	share	share	NOUN
fueconorg-5201	144	26	prices	price	NOUN
fueconorg-5201	144	27	do	do	AUX
fueconorg-5201	144	28	not	not	PART
fueconorg-5201	144	29	reach	reach	VERB
fueconorg-5201	144	30	the	the	DET
fueconorg-5201	144	31	level	level	NOUN
fueconorg-5201	144	32	of	of	ADP
fueconorg-5201	144	33	the	the	DET
fueconorg-5201	144	34	prices	price	NOUN
fueconorg-5201	144	35	offered	offer	VERB
fueconorg-5201	144	36	because	because	SCONJ
fueconorg-5201	144	37	the	the	DET
fueconorg-5201	144	38	bidder	bidder	NOUN
fueconorg-5201	144	39	offered	offer	VERB
fueconorg-5201	144	40	an	an	DET
fueconorg-5201	144	41	unjustifiably	unjustifiably	ADV
fueconorg-5201	144	42	high	high	ADJ
fueconorg-5201	144	43	premium	premium	NOUN
fueconorg-5201	144	44	in	in	ADP
fueconorg-5201	144	45	a	a	DET
fueconorg-5201	144	46	particular	particular	ADJ
fueconorg-5201	144	47	transaction	transaction	NOUN
fueconorg-5201	144	48	or	or	CCONJ
fueconorg-5201	144	49	there	there	PRON
fueconorg-5201	144	50	is	be	VERB
fueconorg-5201	144	51	uncertainty	uncertainty	NOUN
fueconorg-5201	144	52	in	in	ADP
fueconorg-5201	144	53	respect	respect	NOUN
fueconorg-5201	144	54	of	of	ADP
fueconorg-5201	144	55	the	the	DET
fueconorg-5201	144	56	transaction	transaction	NOUN
fueconorg-5201	144	57	completion	completion	NOUN
fueconorg-5201	144	58	at	at	ADP
fueconorg-5201	144	59	the	the	DET
fueconorg-5201	144	60	price	price	NOUN
fueconorg-5201	144	61	defined	define	VERB
fueconorg-5201	144	62	in	in	ADP
fueconorg-5201	144	63	the	the	DET
fueconorg-5201	144	64	offer	offer	NOUN
fueconorg-5201	144	65	.	.	PUNCT
fueconorg-5201	145	1	we	we	PRON
fueconorg-5201	145	2	decided	decide	VERB
fueconorg-5201	145	3	to	to	PART
fueconorg-5201	145	4	use	use	VERB
fueconorg-5201	145	5	the	the	DET
fueconorg-5201	145	6	bid	bid	NOUN
fueconorg-5201	145	7	premium	premium	NOUN
fueconorg-5201	145	8	calculated	calculate	VERB
fueconorg-5201	145	9	30	30	NUM
fueconorg-5201	145	10	days	day	NOUN
fueconorg-5201	145	11	after	after	ADP
fueconorg-5201	145	12	the	the	DET
fueconorg-5201	145	13	transaction	transaction	NOUN
fueconorg-5201	145	14	for	for	ADP
fueconorg-5201	145	15	measurement	measurement	NOUN
fueconorg-5201	145	16	of	of	ADP
fueconorg-5201	145	17	the	the	DET
fueconorg-5201	145	18	market	market	NOUN
fueconorg-5201	145	19	response	response	NOUN
fueconorg-5201	145	20	to	to	ADP
fueconorg-5201	145	21	the	the	DET
fueconorg-5201	145	22	merger	merger	NOUN
fueconorg-5201	145	23	announcement	announcement	NOUN
fueconorg-5201	145	24	.	.	PUNCT
fueconorg-5201	146	1	the	the	DET
fueconorg-5201	146	2	main	main	ADJ
fueconorg-5201	146	3	reason	reason	NOUN
fueconorg-5201	146	4	for	for	ADP
fueconorg-5201	146	5	this	this	DET
fueconorg-5201	146	6	choice	choice	NOUN
fueconorg-5201	146	7	was	be	AUX
fueconorg-5201	146	8	the	the	DET
fueconorg-5201	146	9	fact	fact	NOUN
fueconorg-5201	146	10	that	that	SCONJ
fueconorg-5201	146	11	we	we	PRON
fueconorg-5201	146	12	used	use	VERB
fueconorg-5201	146	13	the	the	DET
fueconorg-5201	146	14	bid	bid	NOUN
fueconorg-5201	146	15	premium	premium	NOUN
fueconorg-5201	146	16	calculated	calculate	VERB
fueconorg-5201	146	17	30	30	NUM
fueconorg-5201	146	18	days	day	NOUN
fueconorg-5201	146	19	before	before	ADP
fueconorg-5201	146	20	the	the	DET
fueconorg-5201	146	21	official	official	ADJ
fueconorg-5201	146	22	transaction	transaction	NOUN
fueconorg-5201	146	23	announcement	announcement	NOUN
fueconorg-5201	146	24	to	to	PART
fueconorg-5201	146	25	measure	measure	VERB
fueconorg-5201	146	26	the	the	DET
fueconorg-5201	146	27	expected	expect	VERB
fueconorg-5201	146	28	synergy	synergy	NOUN
fueconorg-5201	146	29	effects	effect	NOUN
fueconorg-5201	146	30	on	on	ADP
fueconorg-5201	146	31	the	the	DET
fueconorg-5201	146	32	bid	bid	NOUN
fueconorg-5201	146	33	premium	premium	NOUN
fueconorg-5201	146	34	amount	amount	NOUN
fueconorg-5201	146	35	.	.	PUNCT
fueconorg-5201	147	1	table	table	NOUN
fueconorg-5201	147	2	2	2	NUM
fueconorg-5201	147	3	bid	bid	NOUN
fueconorg-5201	147	4	premium	premium	NOUN
fueconorg-5201	147	5	and	and	CCONJ
fueconorg-5201	147	6	the	the	DET
fueconorg-5201	147	7	market	market	NOUN
fueconorg-5201	147	8	response	response	NOUN
fueconorg-5201	147	9	to	to	ADP
fueconorg-5201	147	10	the	the	DET
fueconorg-5201	147	11	transaction	transaction	NOUN
fueconorg-5201	147	12	announcement	announcement	NOUN
fueconorg-5201	147	13	one	one	NUM
fueconorg-5201	147	14	sample	sample	NOUN
fueconorg-5201	147	15	statistics	statistic	NOUN
fueconorg-5201	147	16	(	(	PUNCT
fueconorg-5201	147	17	t=0	t=0	ADJ
fueconorg-5201	147	18	)	)	PUNCT
fueconorg-5201	147	19	mean	mean	ADJ
fueconorg-5201	147	20	std	std	X
fueconorg-5201	147	21	.	.	PUNCT
fueconorg-5201	147	22	deviation	deviation	NOUN
fueconorg-5201	147	23	t	t	PROPN
fueconorg-5201	147	24	statistic	statistic	NOUN
fueconorg-5201	147	25	sig	sig	PROPN
fueconorg-5201	147	26	.	.	PUNCT
fueconorg-5201	148	1	(	(	PUNCT
fueconorg-5201	148	2	2	2	NUM
fueconorg-5201	148	3	-	-	PUNCT
fueconorg-5201	148	4	tailed	tail	VERB
fueconorg-5201	148	5	)	)	PUNCT
fueconorg-5201	148	6	for	for	ADP
fueconorg-5201	148	7	the	the	DET
fueconorg-5201	148	8	entire	entire	ADJ
fueconorg-5201	148	9	sample	sample	NOUN
fueconorg-5201	148	10	bid	bid	NOUN
fueconorg-5201	148	11	premia	premia	PROPN
fueconorg-5201	148	12	share	share	NOUN
fueconorg-5201	148	13	price	price	NOUN
fueconorg-5201	148	14	+1	+1	NOUN
fueconorg-5201	148	15	0.0461	0.0461	NUM
fueconorg-5201	148	16	0.18289	0.18289	NUM
fueconorg-5201	148	17	7.051	7.051	NUM
fueconorg-5201	148	18	0.000	0.000	NUM
fueconorg-5201	148	19	bid	bid	NOUN
fueconorg-5201	148	20	premia	premia	PROPN
fueconorg-5201	148	21	share	share	NOUN
fueconorg-5201	148	22	price	price	NOUN
fueconorg-5201	148	23	+30	+30	NOUN
fueconorg-5201	148	24	0.0574	0.0574	NUM
fueconorg-5201	148	25	0.38695	0.38695	NUM
fueconorg-5201	148	26	4.153	4.153	NUM
fueconorg-5201	148	27	0.000	0.000	NUM
fueconorg-5201	148	28	pre	pre	ADJ
fueconorg-5201	148	29	-	-	ADJ
fueconorg-5201	148	30	confidence	confidence	ADJ
fueconorg-5201	148	31	decline	decline	NOUN
fueconorg-5201	148	32	period	period	NOUN
fueconorg-5201	148	33	bid	bid	NOUN
fueconorg-5201	148	34	premia	premia	PROPN
fueconorg-5201	148	35	share	share	NOUN
fueconorg-5201	148	36	price	price	NOUN
fueconorg-5201	148	37	+1	+1	PROPN
fueconorg-5201	148	38	0.0344	0.0344	NUM
fueconorg-5201	148	39	0.18680	0.18680	NUM
fueconorg-5201	148	40	2.722	2.722	NUM
fueconorg-5201	148	41	0.007	0.007	NUM
fueconorg-5201	148	42	bid	bid	NOUN
fueconorg-5201	148	43	premia	premia	PROPN
fueconorg-5201	148	44	share	share	NOUN
fueconorg-5201	148	45	price	price	NOUN
fueconorg-5201	148	46	+30	+30	NOUN
fueconorg-5201	148	47	0.0409	0.0409	NUM
fueconorg-5201	148	48	0.24718	0.24718	NUM
fueconorg-5201	148	49	2.443	2.443	NUM
fueconorg-5201	148	50	0.015	0.015	NUM
fueconorg-5201	148	51	crisis	crisis	NOUN
fueconorg-5201	148	52	period	period	NOUN
fueconorg-5201	148	53	bid	bid	NOUN
fueconorg-5201	148	54	premia	premia	PROPN
fueconorg-5201	148	55	share	share	NOUN
fueconorg-5201	148	56	price	price	NOUN
fueconorg-5201	149	1	+1	+1	ADJ
fueconorg-5201	149	2	0.0608	0.0608	NUM
fueconorg-5201	149	3	0.17368	0.17368	NUM
fueconorg-5201	149	4	6.179	6.179	NUM
fueconorg-5201	149	5	0.000	0.000	NUM
fueconorg-5201	149	6	bid	bid	NOUN
fueconorg-5201	149	7	premia	premia	PROPN
fueconorg-5201	149	8	share	share	NOUN
fueconorg-5201	149	9	price	price	NOUN
fueconorg-5201	149	10	+30	+30	NOUN
fueconorg-5201	149	11	0.0667	0.0667	NUM
fueconorg-5201	149	12	0.19295	0.19295	NUM
fueconorg-5201	149	13	6.106	6.106	NUM
fueconorg-5201	149	14	0.000	0.000	NUM
fueconorg-5201	149	15	confidence	confidence	NOUN
fueconorg-5201	149	16	recovery	recovery	NOUN
fueconorg-5201	149	17	period	period	NOUN
fueconorg-5201	149	18	bid	bid	NOUN
fueconorg-5201	149	19	premia	premia	PROPN
fueconorg-5201	149	20	share	share	NOUN
fueconorg-5201	149	21	price	price	NOUN
fueconorg-5201	150	1	+1	+1	NOUN
fueconorg-5201	150	2	0.0380	0.0380	NUM
fueconorg-5201	150	3	0.18992	0.18992	NUM
fueconorg-5201	150	4	3.186	3.186	NUM
fueconorg-5201	150	5	0.002	0.002	NUM
fueconorg-5201	150	6	bid	bid	NOUN
fueconorg-5201	150	7	premia	premia	PROPN
fueconorg-5201	150	8	share	share	NOUN
fueconorg-5201	150	9	price	price	NOUN
fueconorg-5201	150	10	+30	+30	NOUN
fueconorg-5201	150	11	0.0602	0.0602	NUM
fueconorg-5201	150	12	0.60476	0.60476	NUM
fueconorg-5201	150	13	1.584	1.584	NUM
fueconorg-5201	150	14	0.114	0.114	NUM
fueconorg-5201	150	15	source	source	NOUN
fueconorg-5201	150	16	:	:	PUNCT
fueconorg-5201	150	17	authors	author	NOUN
fueconorg-5201	150	18	’	’	PART
fueconorg-5201	150	19	calculation	calculation	NOUN
fueconorg-5201	150	20	4.2	4.2	NUM
fueconorg-5201	150	21	.	.	PUNCT
fueconorg-5201	151	1	bid	bid	NOUN
fueconorg-5201	151	2	premium	premium	NOUN
fueconorg-5201	151	3	–	–	PUNCT
fueconorg-5201	151	4	institutional	institutional	ADJ
fueconorg-5201	151	5	environment	environment	NOUN
fueconorg-5201	151	6	and	and	CCONJ
fueconorg-5201	151	7	the	the	DET
fueconorg-5201	151	8	degree	degree	NOUN
fueconorg-5201	151	9	of	of	ADP
fueconorg-5201	151	10	the	the	DET
fueconorg-5201	151	11	economic	economic	ADJ
fueconorg-5201	151	12	development	development	NOUN
fueconorg-5201	151	13	of	of	ADP
fueconorg-5201	151	14	the	the	DET
fueconorg-5201	151	15	countries	country	NOUN
fueconorg-5201	151	16	in	in	ADP
fueconorg-5201	151	17	which	which	PRON
fueconorg-5201	151	18	the	the	DET
fueconorg-5201	151	19	transaction	transaction	NOUN
fueconorg-5201	151	20	participants	participant	NOUN
fueconorg-5201	151	21	operate	operate	VERB
fueconorg-5201	151	22	due	due	ADP
fueconorg-5201	151	23	to	to	ADP
fueconorg-5201	151	24	complexity	complexity	NOUN
fueconorg-5201	151	25	of	of	ADP
fueconorg-5201	151	26	the	the	DET
fueconorg-5201	151	27	international	international	ADJ
fueconorg-5201	151	28	m&as	m&as	NOUN
fueconorg-5201	151	29	,	,	PUNCT
fueconorg-5201	151	30	we	we	PRON
fueconorg-5201	151	31	decide	decide	VERB
fueconorg-5201	151	32	to	to	PART
fueconorg-5201	151	33	focus	focus	VERB
fueconorg-5201	151	34	on	on	ADP
fueconorg-5201	151	35	this	this	DET
fueconorg-5201	151	36	particular	particular	ADJ
fueconorg-5201	151	37	type	type	NOUN
fueconorg-5201	151	38	of	of	ADP
fueconorg-5201	151	39	transactions	transaction	NOUN
fueconorg-5201	151	40	and	and	CCONJ
fueconorg-5201	151	41	investigate	investigate	VERB
fueconorg-5201	151	42	if	if	SCONJ
fueconorg-5201	151	43	there	there	PRON
fueconorg-5201	151	44	are	be	VERB
fueconorg-5201	151	45	any	any	DET
fueconorg-5201	151	46	differences	difference	NOUN
fueconorg-5201	151	47	in	in	ADP
fueconorg-5201	151	48	the	the	DET
fueconorg-5201	151	49	bid	bid	NOUN
fueconorg-5201	151	50	premium	premium	NOUN
fueconorg-5201	151	51	amounts	amount	VERB
fueconorg-5201	151	52	depending	depend	VERB
fueconorg-5201	151	53	on	on	ADP
fueconorg-5201	151	54	the	the	DET
fueconorg-5201	151	55	economic	economic	ADJ
fueconorg-5201	151	56	development	development	NOUN
fueconorg-5201	151	57	of	of	ADP
fueconorg-5201	151	58	the	the	DET
fueconorg-5201	151	59	countries	country	NOUN
fueconorg-5201	151	60	of	of	ADP
fueconorg-5201	151	61	origins	origin	NOUN
fueconorg-5201	151	62	of	of	ADP
fueconorg-5201	151	63	the	the	DET
fueconorg-5201	151	64	transaction	transaction	NOUN
fueconorg-5201	151	65	participants	participant	NOUN
fueconorg-5201	151	66	.	.	PUNCT
fueconorg-5201	152	1	to	to	ADP
fueconorg-5201	152	2	this	this	DET
fueconorg-5201	152	3	end	end	NOUN
fueconorg-5201	152	4	,	,	PUNCT
fueconorg-5201	152	5	based	base	VERB
fueconorg-5201	152	6	on	on	ADP
fueconorg-5201	152	7	the	the	DET
fueconorg-5201	152	8	united	united	PROPN
fueconorg-5201	152	9	nations	nations	PROPN
fueconorg-5201	152	10	’	'	PUNCT
fueconorg-5201	152	11	classification	classification	NOUN
fueconorg-5201	152	12	we	we	PRON
fueconorg-5201	152	13	made	make	VERB
fueconorg-5201	152	14	four	four	NUM
fueconorg-5201	152	15	subsamples	subsample	NOUN
fueconorg-5201	152	16	:	:	PUNCT
fueconorg-5201	152	17	sub	sub	ADJ
fueconorg-5201	152	18	-	-	NOUN
fueconorg-5201	152	19	sample	sample	ADJ
fueconorg-5201	152	20	one	one	NUM
fueconorg-5201	152	21	,	,	PUNCT
fueconorg-5201	152	22	comprised	comprise	VERB
fueconorg-5201	152	23	of	of	ADP
fueconorg-5201	152	24	transactions	transaction	NOUN
fueconorg-5201	152	25	involving	involve	VERB
fueconorg-5201	152	26	both	both	DET
fueconorg-5201	152	27	bidders	bidder	NOUN
fueconorg-5201	152	28	and	and	CCONJ
fueconorg-5201	152	29	targets	target	NOUN
fueconorg-5201	152	30	from	from	ADP
fueconorg-5201	152	31	developed	developed	ADJ
fueconorg-5201	152	32	countries	country	NOUN
fueconorg-5201	152	33	;	;	PUNCT
fueconorg-5201	152	34	sub	sub	ADJ
fueconorg-5201	152	35	-	-	NOUN
fueconorg-5201	152	36	sample	sample	ADJ
fueconorg-5201	152	37	two	two	NUM
fueconorg-5201	152	38	,	,	PUNCT
fueconorg-5201	152	39	comprised	comprise	VERB
fueconorg-5201	152	40	of	of	ADP
fueconorg-5201	152	41	transactions	transaction	NOUN
fueconorg-5201	152	42	involving	involve	VERB
fueconorg-5201	152	43	both	both	DET
fueconorg-5201	152	44	bidders	bidder	NOUN
fueconorg-5201	152	45	and	and	CCONJ
fueconorg-5201	152	46	targets	target	NOUN
fueconorg-5201	152	47	from	from	ADP
fueconorg-5201	152	48	developing	develop	VERB
fueconorg-5201	152	49	countries	country	NOUN
fueconorg-5201	152	50	;	;	PUNCT
fueconorg-5201	152	51	sub	sub	NOUN
fueconorg-5201	152	52	-	-	NOUN
fueconorg-5201	152	53	sample	sample	ADJ
fueconorg-5201	152	54	three	three	NUM
fueconorg-5201	152	55	with	with	ADP
fueconorg-5201	152	56	bidders	bidder	NOUN
fueconorg-5201	152	57	from	from	ADP
fueconorg-5201	152	58	developed	develop	VERB
fueconorg-5201	152	59	countries	country	NOUN
fueconorg-5201	152	60	and	and	CCONJ
fueconorg-5201	152	61	targets	target	NOUN
fueconorg-5201	152	62	from	from	ADP
fueconorg-5201	152	63	developing	develop	VERB
fueconorg-5201	152	64	countries	country	NOUN
fueconorg-5201	152	65	;	;	PUNCT
fueconorg-5201	152	66	and	and	CCONJ
fueconorg-5201	152	67	sub	sub	NOUN
fueconorg-5201	152	68	-	-	NOUN
fueconorg-5201	152	69	sample	sample	ADJ
fueconorg-5201	152	70	four	four	NUM
fueconorg-5201	152	71	with	with	ADP
fueconorg-5201	152	72	bidders	bidder	NOUN
fueconorg-5201	152	73	from	from	ADP
fueconorg-5201	152	74	developing	develop	VERB
fueconorg-5201	152	75	countries	country	NOUN
fueconorg-5201	152	76	and	and	CCONJ
fueconorg-5201	152	77	targets	target	NOUN
fueconorg-5201	152	78	from	from	ADP
fueconorg-5201	152	79	developed	developed	ADJ
fueconorg-5201	152	80	countries	country	NOUN
fueconorg-5201	152	81	.	.	PUNCT
fueconorg-5201	153	1	the	the	DET
fueconorg-5201	153	2	testing	testing	NOUN
fueconorg-5201	153	3	results	result	NOUN
fueconorg-5201	153	4	demonstrate	demonstrate	VERB
fueconorg-5201	153	5	there	there	PRON
fueconorg-5201	153	6	are	be	VERB
fueconorg-5201	153	7	statistically	statistically	ADV
fueconorg-5201	153	8	significant	significant	ADJ
fueconorg-5201	153	9	differences	difference	NOUN
fueconorg-5201	153	10	in	in	ADP
fueconorg-5201	153	11	the	the	DET
fueconorg-5201	153	12	bid	bid	NOUN
fueconorg-5201	153	13	premium	premium	NOUN
fueconorg-5201	153	14	amounts	amount	NOUN
fueconorg-5201	153	15	calculated	calculate	VERB
fueconorg-5201	153	16	prior	prior	ADV
fueconorg-5201	153	17	to	to	ADP
fueconorg-5201	153	18	the	the	DET
fueconorg-5201	153	19	official	official	ADJ
fueconorg-5201	153	20	merger	merger	NOUN
fueconorg-5201	153	21	announcement	announcement	NOUN
fueconorg-5201	153	22	depending	depend	VERB
fueconorg-5201	153	23	on	on	ADP
fueconorg-5201	153	24	the	the	DET
fueconorg-5201	153	25	308	308	NUM
fueconorg-5201	153	26	m.	m.	NOUN
fueconorg-5201	153	27	živanović	živanović	NOUN
fueconorg-5201	153	28	,	,	PUNCT
fueconorg-5201	153	29	n.	n.	NOUN
fueconorg-5201	153	30	džudović	džudović	PROPN
fueconorg-5201	153	31	level	level	NOUN
fueconorg-5201	153	32	of	of	ADP
fueconorg-5201	153	33	economic	economic	ADJ
fueconorg-5201	153	34	development	development	NOUN
fueconorg-5201	153	35	of	of	ADP
fueconorg-5201	153	36	the	the	DET
fueconorg-5201	153	37	countries	country	NOUN
fueconorg-5201	153	38	the	the	DET
fueconorg-5201	153	39	participants	participant	NOUN
fueconorg-5201	153	40	in	in	ADP
fueconorg-5201	153	41	international	international	ADJ
fueconorg-5201	153	42	m&as	m&as	NOUN
fueconorg-5201	153	43	come	come	VERB
fueconorg-5201	153	44	from	from	ADP
fueconorg-5201	153	45	.	.	PUNCT
fueconorg-5201	154	1	it	it	PRON
fueconorg-5201	154	2	is	be	AUX
fueconorg-5201	154	3	interesting	interesting	ADJ
fueconorg-5201	154	4	that	that	SCONJ
fueconorg-5201	154	5	the	the	DET
fueconorg-5201	154	6	highest	high	ADJ
fueconorg-5201	154	7	average	average	ADJ
fueconorg-5201	154	8	bid	bid	NOUN
fueconorg-5201	154	9	premium	premium	NOUN
fueconorg-5201	154	10	of	of	ADP
fueconorg-5201	154	11	as	as	ADV
fueconorg-5201	154	12	much	much	ADJ
fueconorg-5201	154	13	as	as	ADP
fueconorg-5201	154	14	37	37	NUM
fueconorg-5201	154	15	%	%	NOUN
fueconorg-5201	154	16	was	be	AUX
fueconorg-5201	154	17	identified	identify	VERB
fueconorg-5201	154	18	within	within	ADP
fueconorg-5201	154	19	the	the	DET
fueconorg-5201	154	20	subsample	subsample	NOUN
fueconorg-5201	154	21	of	of	ADP
fueconorg-5201	154	22	transactions	transaction	NOUN
fueconorg-5201	154	23	involving	involve	VERB
fueconorg-5201	154	24	bidders	bidder	NOUN
fueconorg-5201	154	25	from	from	ADP
fueconorg-5201	154	26	developing	develop	VERB
fueconorg-5201	154	27	countries	country	NOUN
fueconorg-5201	154	28	and	and	CCONJ
fueconorg-5201	154	29	targets	target	NOUN
fueconorg-5201	154	30	from	from	ADP
fueconorg-5201	154	31	developed	develop	VERB
fueconorg-5201	154	32	economies	economy	NOUN
fueconorg-5201	154	33	.	.	PUNCT
fueconorg-5201	155	1	such	such	DET
fueconorg-5201	155	2	a	a	DET
fueconorg-5201	155	3	high	high	ADJ
fueconorg-5201	155	4	average	average	ADJ
fueconorg-5201	155	5	bid	bid	NOUN
fueconorg-5201	155	6	premium	premium	NOUN
fueconorg-5201	155	7	amount	amount	NOUN
fueconorg-5201	155	8	is	be	AUX
fueconorg-5201	155	9	in	in	ADP
fueconorg-5201	155	10	line	line	NOUN
fueconorg-5201	155	11	with	with	ADP
fueconorg-5201	155	12	the	the	DET
fueconorg-5201	155	13	previously	previously	ADV
fueconorg-5201	155	14	stated	state	VERB
fueconorg-5201	155	15	theoretical	theoretical	ADJ
fueconorg-5201	155	16	assumptions	assumption	NOUN
fueconorg-5201	155	17	and	and	CCONJ
fueconorg-5201	155	18	empirical	empirical	ADJ
fueconorg-5201	155	19	evidence	evidence	NOUN
fueconorg-5201	155	20	from	from	ADP
fueconorg-5201	155	21	(	(	PUNCT
fueconorg-5201	155	22	li	li	PROPN
fueconorg-5201	155	23	et	et	PROPN
fueconorg-5201	155	24	al	al	PROPN
fueconorg-5201	155	25	.	.	PROPN
fueconorg-5201	155	26	,	,	PUNCT
fueconorg-5201	155	27	2016	2016	NUM
fueconorg-5201	155	28	;	;	PUNCT
fueconorg-5201	155	29	de	de	X
fueconorg-5201	155	30	buele	buele	PROPN
fueconorg-5201	155	31	and	and	CCONJ
fueconorg-5201	155	32	sels	sel	NOUN
fueconorg-5201	155	33	,	,	PUNCT
fueconorg-5201	155	34	2016	2016	NUM
fueconorg-5201	155	35	;	;	PUNCT
fueconorg-5201	155	36	bhagat	bhagat	PROPN
fueconorg-5201	155	37	et	et	PROPN
fueconorg-5201	155	38	al	al	PROPN
fueconorg-5201	155	39	.	.	PROPN
fueconorg-5201	155	40	,	,	PUNCT
fueconorg-5201	155	41	2011	2011	NUM
fueconorg-5201	155	42	)	)	PUNCT
fueconorg-5201	155	43	.	.	PUNCT
fueconorg-5201	156	1	almost	almost	ADV
fueconorg-5201	156	2	identical	identical	ADJ
fueconorg-5201	156	3	average	average	ADJ
fueconorg-5201	156	4	bid	bid	NOUN
fueconorg-5201	156	5	premium	premium	NOUN
fueconorg-5201	156	6	of	of	ADP
fueconorg-5201	156	7	36.7	36.7	NUM
fueconorg-5201	156	8	%	%	NOUN
fueconorg-5201	156	9	was	be	AUX
fueconorg-5201	156	10	identified	identify	VERB
fueconorg-5201	156	11	,	,	PUNCT
fueconorg-5201	156	12	as	as	SCONJ
fueconorg-5201	156	13	expected	expect	VERB
fueconorg-5201	156	14	,	,	PUNCT
fueconorg-5201	156	15	in	in	ADP
fueconorg-5201	156	16	the	the	DET
fueconorg-5201	156	17	transactions	transaction	NOUN
fueconorg-5201	156	18	where	where	SCONJ
fueconorg-5201	156	19	both	both	DET
fueconorg-5201	156	20	bidders	bidder	NOUN
fueconorg-5201	156	21	and	and	CCONJ
fueconorg-5201	156	22	targets	target	NOUN
fueconorg-5201	156	23	come	come	VERB
fueconorg-5201	156	24	from	from	ADP
fueconorg-5201	156	25	developed	developed	ADJ
fueconorg-5201	156	26	countries	country	NOUN
fueconorg-5201	156	27	.	.	PUNCT
fueconorg-5201	157	1	somewhat	somewhat	ADV
fueconorg-5201	157	2	lower	low	ADJ
fueconorg-5201	157	3	average	average	ADJ
fueconorg-5201	157	4	bid	bid	NOUN
fueconorg-5201	157	5	premium	premium	NOUN
fueconorg-5201	157	6	(	(	PUNCT
fueconorg-5201	157	7	33	33	NUM
fueconorg-5201	157	8	%	%	NOUN
fueconorg-5201	157	9	)	)	PUNCT
fueconorg-5201	157	10	was	be	AUX
fueconorg-5201	157	11	recorded	record	VERB
fueconorg-5201	157	12	in	in	ADP
fueconorg-5201	157	13	the	the	DET
fueconorg-5201	157	14	transactions	transaction	NOUN
fueconorg-5201	157	15	involving	involve	VERB
fueconorg-5201	157	16	bidders	bidder	NOUN
fueconorg-5201	157	17	from	from	ADP
fueconorg-5201	157	18	developed	developed	ADJ
fueconorg-5201	157	19	and	and	CCONJ
fueconorg-5201	157	20	targets	target	NOUN
fueconorg-5201	157	21	from	from	ADP
fueconorg-5201	157	22	developing	develop	VERB
fueconorg-5201	157	23	countries	country	NOUN
fueconorg-5201	157	24	,	,	PUNCT
fueconorg-5201	157	25	which	which	PRON
fueconorg-5201	157	26	may	may	AUX
fueconorg-5201	157	27	be	be	AUX
fueconorg-5201	157	28	due	due	ADJ
fueconorg-5201	157	29	to	to	PART
fueconorg-5201	157	30	lower	low	ADJ
fueconorg-5201	157	31	synergy	synergy	NOUN
fueconorg-5201	157	32	effects	effect	NOUN
fueconorg-5201	157	33	expected	expect	VERB
fueconorg-5201	157	34	in	in	ADP
fueconorg-5201	157	35	such	such	ADJ
fueconorg-5201	157	36	transactions	transaction	NOUN
fueconorg-5201	157	37	and	and	CCONJ
fueconorg-5201	157	38	weaker	weak	ADJ
fueconorg-5201	157	39	bargaining	bargaining	NOUN
fueconorg-5201	157	40	power	power	NOUN
fueconorg-5201	157	41	of	of	ADP
fueconorg-5201	157	42	the	the	DET
fueconorg-5201	157	43	target	target	NOUN
fueconorg-5201	157	44	shareholders	shareholder	NOUN
fueconorg-5201	157	45	.	.	PUNCT
fueconorg-5201	158	1	definitely	definitely	ADV
fueconorg-5201	158	2	the	the	DET
fueconorg-5201	158	3	lowest	low	ADJ
fueconorg-5201	158	4	average	average	ADJ
fueconorg-5201	158	5	bid	bid	NOUN
fueconorg-5201	158	6	premiums	premium	NOUN
fueconorg-5201	158	7	of	of	ADP
fueconorg-5201	158	8	only	only	ADV
fueconorg-5201	158	9	18	18	NUM
fueconorg-5201	158	10	%	%	NOUN
fueconorg-5201	158	11	were	be	AUX
fueconorg-5201	158	12	recorded	record	VERB
fueconorg-5201	158	13	in	in	ADP
fueconorg-5201	158	14	transactions	transaction	NOUN
fueconorg-5201	158	15	involving	involve	VERB
fueconorg-5201	158	16	both	both	CCONJ
fueconorg-5201	158	17	the	the	DET
fueconorg-5201	158	18	bidder	bidder	NOUN
fueconorg-5201	158	19	and	and	CCONJ
fueconorg-5201	158	20	the	the	DET
fueconorg-5201	158	21	targets	target	NOUN
fueconorg-5201	158	22	from	from	ADP
fueconorg-5201	158	23	developing	develop	VERB
fueconorg-5201	158	24	countries	country	NOUN
fueconorg-5201	158	25	.	.	PUNCT
fueconorg-5201	159	1	the	the	DET
fueconorg-5201	159	2	average	average	ADJ
fueconorg-5201	159	3	bid	bid	NOUN
fueconorg-5201	159	4	premiums	premium	NOUN
fueconorg-5201	159	5	presented	present	VERB
fueconorg-5201	159	6	above	above	ADP
fueconorg-5201	159	7	range	range	NOUN
fueconorg-5201	159	8	between	between	ADP
fueconorg-5201	159	9	18	18	NUM
fueconorg-5201	159	10	%	%	NOUN
fueconorg-5201	159	11	and	and	CCONJ
fueconorg-5201	159	12	37	37	NUM
fueconorg-5201	159	13	%	%	NOUN
fueconorg-5201	159	14	which	which	PRON
fueconorg-5201	159	15	is	be	AUX
fueconorg-5201	159	16	almost	almost	ADV
fueconorg-5201	159	17	in	in	ADP
fueconorg-5201	159	18	line	line	NOUN
fueconorg-5201	159	19	with	with	ADP
fueconorg-5201	159	20	goergen	goergen	NOUN
fueconorg-5201	159	21	and	and	CCONJ
fueconorg-5201	159	22	renneboog	renneboog	NOUN
fueconorg-5201	159	23	(	(	PUNCT
fueconorg-5201	159	24	2004	2004	NUM
fueconorg-5201	159	25	)	)	PUNCT
fueconorg-5201	159	26	20	20	NUM
fueconorg-5201	159	27	%	%	NOUN
fueconorg-5201	159	28	40	40	NUM
fueconorg-5201	159	29	%	%	NOUN
fueconorg-5201	159	30	bid	bid	NOUN
fueconorg-5201	159	31	premium	premium	NOUN
fueconorg-5201	159	32	range	range	NOUN
fueconorg-5201	159	33	.	.	PUNCT
fueconorg-5201	160	1	next	next	ADV
fueconorg-5201	160	2	we	we	PRON
fueconorg-5201	160	3	test	test	VERB
fueconorg-5201	160	4	if	if	SCONJ
fueconorg-5201	160	5	the	the	DET
fueconorg-5201	160	6	average	average	ADJ
fueconorg-5201	160	7	bid	bid	NOUN
fueconorg-5201	160	8	premiums	premium	NOUN
fueconorg-5201	160	9	recorded	record	VERB
fueconorg-5201	160	10	after	after	ADP
fueconorg-5201	160	11	the	the	DET
fueconorg-5201	160	12	official	official	ADJ
fueconorg-5201	160	13	m&a	m&a	PROPN
fueconorg-5201	160	14	announcement	announcement	NOUN
fueconorg-5201	160	15	are	be	AUX
fueconorg-5201	160	16	statistically	statistically	ADV
fueconorg-5201	160	17	significantly	significantly	ADV
fueconorg-5201	160	18	different	different	ADJ
fueconorg-5201	160	19	from	from	ADP
fueconorg-5201	160	20	zero	zero	NUM
fueconorg-5201	160	21	.	.	PUNCT
fueconorg-5201	161	1	we	we	PRON
fueconorg-5201	161	2	are	be	AUX
fueconorg-5201	161	3	interested	interested	ADJ
fueconorg-5201	161	4	in	in	ADP
fueconorg-5201	161	5	the	the	DET
fueconorg-5201	161	6	differences	difference	NOUN
fueconorg-5201	161	7	,	,	PUNCT
fueconorg-5201	161	8	if	if	SCONJ
fueconorg-5201	161	9	any	any	PRON
fueconorg-5201	161	10	,	,	PUNCT
fueconorg-5201	161	11	in	in	ADP
fueconorg-5201	161	12	the	the	DET
fueconorg-5201	161	13	market	market	NOUN
fueconorg-5201	161	14	responses	response	NOUN
fueconorg-5201	161	15	to	to	ADP
fueconorg-5201	161	16	the	the	DET
fueconorg-5201	161	17	transaction	transaction	NOUN
fueconorg-5201	161	18	announcement	announcement	NOUN
fueconorg-5201	161	19	depending	depend	VERB
fueconorg-5201	161	20	on	on	ADP
fueconorg-5201	161	21	the	the	DET
fueconorg-5201	161	22	economic	economic	ADJ
fueconorg-5201	161	23	development	development	NOUN
fueconorg-5201	161	24	of	of	ADP
fueconorg-5201	161	25	the	the	DET
fueconorg-5201	161	26	country	country	NOUN
fueconorg-5201	161	27	.	.	PUNCT
fueconorg-5201	162	1	the	the	DET
fueconorg-5201	162	2	testing	testing	NOUN
fueconorg-5201	162	3	results	result	NOUN
fueconorg-5201	162	4	show	show	VERB
fueconorg-5201	162	5	that	that	SCONJ
fueconorg-5201	162	6	,	,	PUNCT
fueconorg-5201	162	7	in	in	ADP
fueconorg-5201	162	8	all	all	DET
fueconorg-5201	162	9	instances	instance	NOUN
fueconorg-5201	162	10	save	save	VERB
fueconorg-5201	162	11	the	the	DET
fueconorg-5201	162	12	one	one	NOUN
fueconorg-5201	162	13	where	where	SCONJ
fueconorg-5201	162	14	both	both	DET
fueconorg-5201	162	15	bidders	bidder	NOUN
fueconorg-5201	162	16	and	and	CCONJ
fueconorg-5201	162	17	targets	target	NOUN
fueconorg-5201	162	18	operate	operate	VERB
fueconorg-5201	162	19	in	in	ADP
fueconorg-5201	162	20	the	the	DET
fueconorg-5201	162	21	developing	develop	VERB
fueconorg-5201	162	22	countries	country	NOUN
fueconorg-5201	162	23	,	,	PUNCT
fueconorg-5201	162	24	the	the	DET
fueconorg-5201	162	25	bid	bid	NOUN
fueconorg-5201	162	26	premiums	premium	NOUN
fueconorg-5201	162	27	calculated	calculate	VERB
fueconorg-5201	162	28	upon	upon	SCONJ
fueconorg-5201	162	29	the	the	DET
fueconorg-5201	162	30	transaction	transaction	NOUN
fueconorg-5201	162	31	announcement	announcement	NOUN
fueconorg-5201	162	32	are	be	AUX
fueconorg-5201	162	33	statistically	statistically	ADV
fueconorg-5201	162	34	significantly	significantly	ADV
fueconorg-5201	162	35	above	above	ADP
fueconorg-5201	162	36	zero	zero	NUM
fueconorg-5201	162	37	.	.	PUNCT
fueconorg-5201	163	1	the	the	DET
fueconorg-5201	163	2	highest	high	ADJ
fueconorg-5201	163	3	average	average	ADJ
fueconorg-5201	163	4	bid	bid	NOUN
fueconorg-5201	163	5	premium	premium	NOUN
fueconorg-5201	163	6	(	(	PUNCT
fueconorg-5201	163	7	9	9	NUM
fueconorg-5201	163	8	%	%	NOUN
fueconorg-5201	163	9	)	)	PUNCT
fueconorg-5201	163	10	was	be	AUX
fueconorg-5201	163	11	identified	identify	VERB
fueconorg-5201	163	12	in	in	ADP
fueconorg-5201	163	13	the	the	DET
fueconorg-5201	163	14	transactions	transaction	NOUN
fueconorg-5201	163	15	involving	involve	VERB
fueconorg-5201	163	16	bidders	bidder	NOUN
fueconorg-5201	163	17	from	from	ADP
fueconorg-5201	163	18	developing	develop	VERB
fueconorg-5201	163	19	and	and	CCONJ
fueconorg-5201	163	20	targets	target	NOUN
fueconorg-5201	163	21	from	from	ADP
fueconorg-5201	163	22	developed	develop	VERB
fueconorg-5201	163	23	economies	economy	NOUN
fueconorg-5201	163	24	.	.	PUNCT
fueconorg-5201	164	1	as	as	SCONJ
fueconorg-5201	164	2	it	it	PRON
fueconorg-5201	164	3	was	be	AUX
fueconorg-5201	164	4	previously	previously	ADV
fueconorg-5201	164	5	found	find	VERB
fueconorg-5201	164	6	that	that	SCONJ
fueconorg-5201	164	7	the	the	DET
fueconorg-5201	164	8	highest	high	ADJ
fueconorg-5201	164	9	takeover	takeover	NOUN
fueconorg-5201	164	10	premiums	premium	NOUN
fueconorg-5201	164	11	are	be	AUX
fueconorg-5201	164	12	offered	offer	VERB
fueconorg-5201	164	13	in	in	ADP
fueconorg-5201	164	14	transactions	transaction	NOUN
fueconorg-5201	164	15	of	of	ADP
fueconorg-5201	164	16	this	this	DET
fueconorg-5201	164	17	type	type	NOUN
fueconorg-5201	164	18	,	,	PUNCT
fueconorg-5201	164	19	the	the	DET
fueconorg-5201	164	20	question	question	NOUN
fueconorg-5201	164	21	is	be	AUX
fueconorg-5201	164	22	whether	whether	SCONJ
fueconorg-5201	164	23	bidders	bidder	NOUN
fueconorg-5201	164	24	from	from	ADP
fueconorg-5201	164	25	developing	develop	VERB
fueconorg-5201	164	26	countries	country	NOUN
fueconorg-5201	164	27	overestimate	overestimate	VERB
fueconorg-5201	164	28	benefits	benefit	NOUN
fueconorg-5201	164	29	from	from	ADP
fueconorg-5201	164	30	penetration	penetration	NOUN
fueconorg-5201	164	31	in	in	ADP
fueconorg-5201	164	32	the	the	DET
fueconorg-5201	164	33	developed	develop	VERB
fueconorg-5201	164	34	markets	market	NOUN
fueconorg-5201	164	35	and/or	and/or	CCONJ
fueconorg-5201	164	36	have	have	VERB
fueconorg-5201	164	37	insufficiently	insufficiently	ADV
fueconorg-5201	164	38	strong	strong	ADJ
fueconorg-5201	164	39	bargaining	bargaining	NOUN
fueconorg-5201	164	40	power	power	NOUN
fueconorg-5201	164	41	in	in	ADP
fueconorg-5201	164	42	such	such	ADJ
fueconorg-5201	164	43	circumstances	circumstance	NOUN
fueconorg-5201	164	44	,	,	PUNCT
fueconorg-5201	164	45	which	which	PRON
fueconorg-5201	164	46	all	all	PRON
fueconorg-5201	164	47	together	together	ADV
fueconorg-5201	164	48	results	result	VERB
fueconorg-5201	164	49	in	in	ADP
fueconorg-5201	164	50	unjustifiably	unjustifiably	ADV
fueconorg-5201	164	51	high	high	ADJ
fueconorg-5201	164	52	bid	bid	NOUN
fueconorg-5201	164	53	premiums	premium	NOUN
fueconorg-5201	164	54	offered	offer	VERB
fueconorg-5201	164	55	and	and	CCONJ
fueconorg-5201	164	56	consequent	consequent	ADJ
fueconorg-5201	164	57	overpayment	overpayment	NOUN
fueconorg-5201	164	58	of	of	ADP
fueconorg-5201	164	59	transactions	transaction	NOUN
fueconorg-5201	164	60	.	.	PUNCT
fueconorg-5201	165	1	on	on	ADP
fueconorg-5201	165	2	the	the	DET
fueconorg-5201	165	3	other	other	ADJ
fueconorg-5201	165	4	hand	hand	NOUN
fueconorg-5201	165	5	,	,	PUNCT
fueconorg-5201	165	6	insufficiently	insufficiently	ADV
fueconorg-5201	165	7	positive	positive	ADJ
fueconorg-5201	165	8	market	market	NOUN
fueconorg-5201	165	9	response	response	NOUN
fueconorg-5201	165	10	to	to	ADP
fueconorg-5201	165	11	the	the	DET
fueconorg-5201	165	12	announcement	announcement	NOUN
fueconorg-5201	165	13	of	of	ADP
fueconorg-5201	165	14	this	this	DET
fueconorg-5201	165	15	type	type	NOUN
fueconorg-5201	165	16	of	of	ADP
fueconorg-5201	165	17	transactions	transaction	NOUN
fueconorg-5201	165	18	may	may	AUX
fueconorg-5201	165	19	be	be	AUX
fueconorg-5201	165	20	a	a	DET
fueconorg-5201	165	21	consequence	consequence	NOUN
fueconorg-5201	165	22	of	of	ADP
fueconorg-5201	165	23	the	the	DET
fueconorg-5201	165	24	market	market	NOUN
fueconorg-5201	165	25	’s	’s	PART
fueconorg-5201	165	26	skepticism	skepticism	NOUN
fueconorg-5201	165	27	about	about	ADP
fueconorg-5201	165	28	success	success	NOUN
fueconorg-5201	165	29	of	of	ADP
fueconorg-5201	165	30	the	the	DET
fueconorg-5201	165	31	post	post	ADJ
fueconorg-5201	165	32	-	-	ADJ
fueconorg-5201	165	33	merger	merger	ADJ
fueconorg-5201	165	34	integration	integration	NOUN
fueconorg-5201	165	35	due	due	ADP
fueconorg-5201	165	36	to	to	ADP
fueconorg-5201	165	37	cultural	cultural	ADJ
fueconorg-5201	165	38	differences	difference	NOUN
fueconorg-5201	165	39	and	and	CCONJ
fueconorg-5201	165	40	insufficient	insufficient	ADJ
fueconorg-5201	165	41	absorptive	absorptive	ADJ
fueconorg-5201	165	42	capacities	capacity	NOUN
fueconorg-5201	165	43	of	of	ADP
fueconorg-5201	165	44	the	the	DET
fueconorg-5201	165	45	bidders	bidder	NOUN
fueconorg-5201	165	46	.	.	PUNCT
fueconorg-5201	166	1	in	in	ADP
fueconorg-5201	166	2	transactions	transaction	NOUN
fueconorg-5201	166	3	involving	involve	VERB
fueconorg-5201	166	4	both	both	DET
fueconorg-5201	166	5	bidders	bidder	NOUN
fueconorg-5201	166	6	and	and	CCONJ
fueconorg-5201	166	7	targets	target	NOUN
fueconorg-5201	166	8	from	from	ADP
fueconorg-5201	166	9	developed	developed	ADJ
fueconorg-5201	166	10	countries	country	NOUN
fueconorg-5201	166	11	,	,	PUNCT
fueconorg-5201	166	12	the	the	DET
fueconorg-5201	166	13	identified	identify	VERB
fueconorg-5201	166	14	overpayment	overpayment	NOUN
fueconorg-5201	166	15	may	may	AUX
fueconorg-5201	166	16	be	be	AUX
fueconorg-5201	166	17	due	due	ADJ
fueconorg-5201	166	18	to	to	ADP
fueconorg-5201	166	19	the	the	DET
fueconorg-5201	166	20	high	high	ADJ
fueconorg-5201	166	21	competition	competition	NOUN
fueconorg-5201	166	22	levels	level	NOUN
fueconorg-5201	166	23	in	in	ADP
fueconorg-5201	166	24	the	the	DET
fueconorg-5201	166	25	market	market	NOUN
fueconorg-5201	166	26	for	for	ADP
fueconorg-5201	166	27	corporate	corporate	ADJ
fueconorg-5201	166	28	control	control	NOUN
fueconorg-5201	166	29	alexandridis	alexandridis	PROPN
fueconorg-5201	166	30	et	et	PROPN
fueconorg-5201	166	31	al	al	PROPN
fueconorg-5201	166	32	.	.	PROPN
fueconorg-5201	167	1	(	(	PUNCT
fueconorg-5201	167	2	2010	2010	NUM
fueconorg-5201	167	3	)	)	PUNCT
fueconorg-5201	167	4	,	,	PUNCT
fueconorg-5201	167	5	while	while	SCONJ
fueconorg-5201	167	6	the	the	DET
fueconorg-5201	167	7	transactions	transaction	NOUN
fueconorg-5201	167	8	involving	involve	VERB
fueconorg-5201	167	9	bidders	bidder	NOUN
fueconorg-5201	167	10	from	from	ADP
fueconorg-5201	167	11	developed	developed	ADJ
fueconorg-5201	167	12	and	and	CCONJ
fueconorg-5201	167	13	targets	target	NOUN
fueconorg-5201	167	14	from	from	ADP
fueconorg-5201	167	15	developing	develop	VERB
fueconorg-5201	167	16	countries	country	NOUN
fueconorg-5201	167	17	the	the	DET
fueconorg-5201	167	18	high	high	ADJ
fueconorg-5201	167	19	bid	bid	NOUN
fueconorg-5201	167	20	premiums	premium	NOUN
fueconorg-5201	167	21	at	at	ADP
fueconorg-5201	167	22	+30	+30	NOUN
fueconorg-5201	167	23	may	may	AUX
fueconorg-5201	167	24	be	be	AUX
fueconorg-5201	167	25	caused	cause	VERB
fueconorg-5201	167	26	by	by	ADP
fueconorg-5201	167	27	both	both	CCONJ
fueconorg-5201	167	28	overpayment	overpayment	ADJ
fueconorg-5201	167	29	and	and	CCONJ
fueconorg-5201	167	30	the	the	DET
fueconorg-5201	167	31	fact	fact	NOUN
fueconorg-5201	167	32	that	that	SCONJ
fueconorg-5201	167	33	the	the	DET
fueconorg-5201	167	34	developing	develop	VERB
fueconorg-5201	167	35	countries	country	NOUN
fueconorg-5201	167	36	are	be	AUX
fueconorg-5201	167	37	characterized	characterize	VERB
fueconorg-5201	167	38	by	by	ADP
fueconorg-5201	167	39	a	a	DET
fueconorg-5201	167	40	slower	slow	ADJ
fueconorg-5201	167	41	pace	pace	NOUN
fueconorg-5201	167	42	of	of	ADP
fueconorg-5201	167	43	adaptation	adaptation	NOUN
fueconorg-5201	167	44	to	to	ADP
fueconorg-5201	167	45	new	new	ADJ
fueconorg-5201	167	46	information	information	NOUN
fueconorg-5201	167	47	coming	come	VERB
fueconorg-5201	167	48	to	to	ADP
fueconorg-5201	167	49	the	the	DET
fueconorg-5201	167	50	market	market	NOUN
fueconorg-5201	167	51	(	(	PUNCT
fueconorg-5201	167	52	lower	low	ADJ
fueconorg-5201	167	53	market	market	NOUN
fueconorg-5201	167	54	efficiency	efficiency	NOUN
fueconorg-5201	167	55	)	)	PUNCT
fueconorg-5201	167	56	.	.	PUNCT
fueconorg-5201	168	1	on	on	ADP
fueconorg-5201	168	2	the	the	DET
fueconorg-5201	168	3	other	other	ADJ
fueconorg-5201	168	4	end	end	NOUN
fueconorg-5201	168	5	,	,	PUNCT
fueconorg-5201	168	6	the	the	DET
fueconorg-5201	168	7	average	average	ADJ
fueconorg-5201	168	8	bid	bid	NOUN
fueconorg-5201	168	9	premium	premium	NOUN
fueconorg-5201	168	10	+30	+30	NOUN
fueconorg-5201	168	11	in	in	ADP
fueconorg-5201	168	12	transactions	transaction	NOUN
fueconorg-5201	168	13	involving	involve	VERB
fueconorg-5201	168	14	both	both	CCONJ
fueconorg-5201	168	15	the	the	DET
fueconorg-5201	168	16	bidders	bidder	NOUN
fueconorg-5201	168	17	and	and	CCONJ
fueconorg-5201	168	18	the	the	DET
fueconorg-5201	168	19	targets	target	NOUN
fueconorg-5201	168	20	from	from	ADP
fueconorg-5201	168	21	developing	develop	VERB
fueconorg-5201	168	22	countries	country	NOUN
fueconorg-5201	168	23	is	be	AUX
fueconorg-5201	168	24	identified	identify	VERB
fueconorg-5201	168	25	as	as	ADP
fueconorg-5201	168	26	not	not	PART
fueconorg-5201	168	27	statistically	statistically	ADV
fueconorg-5201	168	28	significantly	significantly	ADV
fueconorg-5201	168	29	different	different	ADJ
fueconorg-5201	168	30	from	from	ADP
fueconorg-5201	168	31	zero	zero	NUM
fueconorg-5201	168	32	,	,	PUNCT
fueconorg-5201	168	33	which	which	PRON
fueconorg-5201	168	34	leads	lead	VERB
fueconorg-5201	168	35	to	to	ADP
fueconorg-5201	168	36	a	a	DET
fueconorg-5201	168	37	conclusion	conclusion	NOUN
fueconorg-5201	168	38	on	on	ADP
fueconorg-5201	168	39	adequately	adequately	ADV
fueconorg-5201	168	40	measured	measure	VERB
fueconorg-5201	168	41	prices	price	NOUN
fueconorg-5201	168	42	offered	offer	VERB
fueconorg-5201	168	43	for	for	ADP
fueconorg-5201	168	44	takeover	takeover	NOUN
fueconorg-5201	168	45	of	of	ADP
fueconorg-5201	168	46	the	the	DET
fueconorg-5201	168	47	target	target	NOUN
fueconorg-5201	168	48	shares	share	NOUN
fueconorg-5201	168	49	.	.	PUNCT
fueconorg-5201	169	1	it	it	PRON
fueconorg-5201	169	2	is	be	AUX
fueconorg-5201	169	3	particularly	particularly	ADV
fueconorg-5201	169	4	interesting	interesting	ADJ
fueconorg-5201	169	5	that	that	SCONJ
fueconorg-5201	169	6	in	in	ADP
fueconorg-5201	169	7	this	this	DET
fueconorg-5201	169	8	group	group	NOUN
fueconorg-5201	169	9	of	of	ADP
fueconorg-5201	169	10	transactions	transaction	NOUN
fueconorg-5201	169	11	we	we	PRON
fueconorg-5201	169	12	find	find	VERB
fueconorg-5201	169	13	a	a	DET
fueconorg-5201	169	14	negative	negative	ADJ
fueconorg-5201	169	15	average	average	ADJ
fueconorg-5201	169	16	bid	bid	NOUN
fueconorg-5201	169	17	premium	premium	NOUN
fueconorg-5201	169	18	at	at	ADP
fueconorg-5201	169	19	+30	+30	NOUN
fueconorg-5201	169	20	point	point	NOUN
fueconorg-5201	169	21	in	in	ADP
fueconorg-5201	169	22	time	time	NOUN
fueconorg-5201	169	23	(	(	PUNCT
fueconorg-5201	169	24	1.4	1.4	NUM
fueconorg-5201	169	25	%	%	NOUN
fueconorg-5201	169	26	)	)	PUNCT
fueconorg-5201	169	27	,	,	PUNCT
fueconorg-5201	169	28	which	which	PRON
fueconorg-5201	169	29	mean	mean	VERB
fueconorg-5201	169	30	that	that	SCONJ
fueconorg-5201	169	31	these	these	DET
fueconorg-5201	169	32	transactions	transaction	NOUN
fueconorg-5201	169	33	are	be	AUX
fueconorg-5201	169	34	not	not	PART
fueconorg-5201	169	35	only	only	ADV
fueconorg-5201	169	36	not	not	PART
fueconorg-5201	169	37	overpaid	overpay	VERB
fueconorg-5201	169	38	but	but	CCONJ
fueconorg-5201	169	39	that	that	SCONJ
fueconorg-5201	169	40	the	the	DET
fueconorg-5201	169	41	premiums	premium	NOUN
fueconorg-5201	169	42	offered	offer	VERB
fueconorg-5201	169	43	are	be	AUX
fueconorg-5201	169	44	too	too	ADV
fueconorg-5201	169	45	low	low	ADJ
fueconorg-5201	169	46	which	which	PRON
fueconorg-5201	169	47	is	be	AUX
fueconorg-5201	169	48	in	in	ADP
fueconorg-5201	169	49	line	line	NOUN
fueconorg-5201	169	50	with	with	ADP
fueconorg-5201	169	51	ang	ang	PROPN
fueconorg-5201	169	52	and	and	CCONJ
fueconorg-5201	169	53	ismail	ismail	PROPN
fueconorg-5201	169	54	(	(	PUNCT
fueconorg-5201	169	55	2015	2015	NUM
fueconorg-5201	169	56	)	)	PUNCT
fueconorg-5201	169	57	.	.	PUNCT
fueconorg-5201	170	1	why	why	SCONJ
fueconorg-5201	170	2	pay	pay	VERB
fueconorg-5201	170	3	more	more	ADJ
fueconorg-5201	170	4	–	–	PUNCT
fueconorg-5201	170	5	world	world	NOUN
fueconorg-5201	170	6	evidence	evidence	NOUN
fueconorg-5201	170	7	on	on	ADP
fueconorg-5201	170	8	m&a	m&a	PROPN
fueconorg-5201	170	9	bid	bid	NOUN
fueconorg-5201	170	10	premium	premium	NOUN
fueconorg-5201	170	11	determinants	determinant	NOUN
fueconorg-5201	170	12	309	309	NUM
fueconorg-5201	170	13	table	table	NOUN
fueconorg-5201	170	14	3	3	NUM
fueconorg-5201	170	15	bid	bid	NOUN
fueconorg-5201	170	16	premium	premium	NOUN
fueconorg-5201	170	17	in	in	ADP
fueconorg-5201	170	18	regard	regard	NOUN
fueconorg-5201	170	19	to	to	ADP
fueconorg-5201	170	20	economic	economic	ADJ
fueconorg-5201	170	21	development	development	NOUN
fueconorg-5201	170	22	of	of	ADP
fueconorg-5201	170	23	the	the	DET
fueconorg-5201	170	24	paticipants	paticipant	NOUN
fueconorg-5201	170	25	’	'	PUNCT
fueconorg-5201	170	26	countries	country	NOUN
fueconorg-5201	170	27	anova	anova	PROPN
fueconorg-5201	170	28	f	f	PROPN
fueconorg-5201	170	29	statistic	statistic	PROPN
fueconorg-5201	170	30	sig	sig	PROPN
fueconorg-5201	170	31	.	.	PUNCT
fueconorg-5201	171	1	(	(	PUNCT
fueconorg-5201	171	2	2	2	NUM
fueconorg-5201	171	3	-	-	PUNCT
fueconorg-5201	171	4	tailed	tail	VERB
fueconorg-5201	171	5	)	)	PUNCT
fueconorg-5201	171	6	for	for	ADP
fueconorg-5201	171	7	the	the	DET
fueconorg-5201	171	8	entire	entire	ADJ
fueconorg-5201	171	9	sample	sample	NOUN
fueconorg-5201	171	10	bid	bid	NOUN
fueconorg-5201	171	11	premia	premia	PROPN
fueconorg-5201	171	12	share	share	NOUN
fueconorg-5201	171	13	price	price	NOUN
fueconorg-5201	171	14	-30	-30	NUM
fueconorg-5201	171	15	9.347	9.347	NUM
fueconorg-5201	171	16	0.000	0.000	NUM
fueconorg-5201	171	17	bid	bid	NOUN
fueconorg-5201	171	18	premia	premia	PROPN
fueconorg-5201	171	19	share	share	NOUN
fueconorg-5201	171	20	price	price	NOUN
fueconorg-5201	171	21	+30	+30	NOUN
fueconorg-5201	172	1	1.545	1.545	NUM
fueconorg-5201	172	2	0.201	0.201	NUM
fueconorg-5201	172	3	one	one	NUM
fueconorg-5201	172	4	sample	sample	NOUN
fueconorg-5201	172	5	statistics	statistic	NOUN
fueconorg-5201	172	6	(	(	PUNCT
fueconorg-5201	172	7	t=0	t=0	ADJ
fueconorg-5201	172	8	)	)	PUNCT
fueconorg-5201	172	9	mean	mean	ADJ
fueconorg-5201	172	10	std	std	X
fueconorg-5201	172	11	.	.	PUNCT
fueconorg-5201	172	12	deviation	deviation	NOUN
fueconorg-5201	172	13	t	t	PROPN
fueconorg-5201	172	14	statistic	statistic	NOUN
fueconorg-5201	172	15	sig	sig	PROPN
fueconorg-5201	172	16	.	.	PUNCT
fueconorg-5201	173	1	(	(	PUNCT
fueconorg-5201	173	2	2	2	NUM
fueconorg-5201	173	3	-	-	PUNCT
fueconorg-5201	173	4	tailed	tail	VERB
fueconorg-5201	173	5	)	)	PUNCT
fueconorg-5201	173	6	for	for	ADP
fueconorg-5201	173	7	the	the	DET
fueconorg-5201	173	8	entire	entire	ADJ
fueconorg-5201	173	9	sample	sample	NOUN
fueconorg-5201	173	10	bid	bid	NOUN
fueconorg-5201	173	11	premia	premia	PROPN
fueconorg-5201	173	12	share	share	NOUN
fueconorg-5201	173	13	price	price	NOUN
fueconorg-5201	173	14	+30	+30	NOUN
fueconorg-5201	173	15	(	(	PUNCT
fueconorg-5201	173	16	segment	segment	NOUN
fueconorg-5201	173	17	1	1	NUM
fueconorg-5201	173	18	)	)	PUNCT
fueconorg-5201	174	1	0.0606	0.0606	NUM
fueconorg-5201	174	2	0.41491	0.41491	NUM
fueconorg-5201	174	3	3.470	3.470	NUM
fueconorg-5201	174	4	0.001	0.001	NUM
fueconorg-5201	174	5	bid	bid	NOUN
fueconorg-5201	174	6	premia	premia	PROPN
fueconorg-5201	174	7	share	share	NOUN
fueconorg-5201	174	8	price	price	NOUN
fueconorg-5201	174	9	+30	+30	NOUN
fueconorg-5201	174	10	(	(	PUNCT
fueconorg-5201	174	11	segment	segment	NOUN
fueconorg-5201	174	12	2	2	NUM
fueconorg-5201	174	13	)	)	PUNCT
fueconorg-5201	174	14	bid	bid	NOUN
fueconorg-5201	174	15	premia	premia	PROPN
fueconorg-5201	174	16	share	share	NOUN
fueconorg-5201	174	17	price	price	NOUN
fueconorg-5201	174	18	+30	+30	NOUN
fueconorg-5201	174	19	(	(	PUNCT
fueconorg-5201	174	20	segment	segment	NOUN
fueconorg-5201	174	21	3	3	NUM
fueconorg-5201	174	22	)	)	PUNCT
fueconorg-5201	174	23	bid	bid	NOUN
fueconorg-5201	174	24	premia	premia	PROPN
fueconorg-5201	174	25	share	share	NOUN
fueconorg-5201	174	26	price	price	NOUN
fueconorg-5201	174	27	+30	+30	NOUN
fueconorg-5201	174	28	(	(	PUNCT
fueconorg-5201	174	29	segment	segment	NOUN
fueconorg-5201	174	30	4	4	NUM
fueconorg-5201	174	31	)	)	PUNCT
fueconorg-5201	174	32	0.0114	0.0114	NUM
fueconorg-5201	175	1	0.0499	0.0499	NUM
fueconorg-5201	175	2	0.1434	0.1434	NUM
fueconorg-5201	175	3	0.02329	0.02329	NUM
fueconorg-5201	175	4	0.08002	0.08002	NUM
fueconorg-5201	175	5	0.42288	0.42288	NUM
fueconorg-5201	175	6	0.489	0.489	NUM
fueconorg-5201	175	7	3.414	3.414	NUM
fueconorg-5201	175	8	2.492	2.492	NUM
fueconorg-5201	175	9	0.625	0.625	NUM
fueconorg-5201	175	10	0.002	0.002	NUM
fueconorg-5201	175	11	0.016	0.016	NUM
fueconorg-5201	175	12	source	source	NOUN
fueconorg-5201	175	13	:	:	PUNCT
fueconorg-5201	175	14	authors	author	NOUN
fueconorg-5201	175	15	’	’	PART
fueconorg-5201	175	16	calculation	calculation	NOUN
fueconorg-5201	175	17	4.3	4.3	NUM
fueconorg-5201	175	18	.	.	PUNCT
fueconorg-5201	176	1	bid	bid	VERB
fueconorg-5201	176	2	premium	premium	NOUN
fueconorg-5201	176	3	payment	payment	NOUN
fueconorg-5201	176	4	methods	method	NOUN
fueconorg-5201	176	5	and	and	CCONJ
fueconorg-5201	176	6	motives	motive	NOUN
fueconorg-5201	176	7	for	for	ADP
fueconorg-5201	176	8	m&a	m&a	PROPN
fueconorg-5201	176	9	transactions	transaction	NOUN
fueconorg-5201	176	10	we	we	PRON
fueconorg-5201	176	11	first	first	ADV
fueconorg-5201	176	12	test	test	VERB
fueconorg-5201	176	13	whether	whether	SCONJ
fueconorg-5201	176	14	there	there	PRON
fueconorg-5201	176	15	are	be	VERB
fueconorg-5201	176	16	statistically	statistically	ADV
fueconorg-5201	176	17	significant	significant	ADJ
fueconorg-5201	176	18	differences	difference	NOUN
fueconorg-5201	176	19	in	in	ADP
fueconorg-5201	176	20	the	the	DET
fueconorg-5201	176	21	bid	bid	NOUN
fueconorg-5201	176	22	premium	premium	NOUN
fueconorg-5201	176	23	amounts	amount	NOUN
fueconorg-5201	176	24	calculated	calculate	VERB
fueconorg-5201	176	25	prior	prior	ADV
fueconorg-5201	176	26	to	to	ADP
fueconorg-5201	176	27	the	the	DET
fueconorg-5201	176	28	official	official	ADJ
fueconorg-5201	176	29	transaction	transaction	NOUN
fueconorg-5201	176	30	announcement	announcement	NOUN
fueconorg-5201	176	31	depending	depend	VERB
fueconorg-5201	176	32	on	on	ADP
fueconorg-5201	176	33	whether	whether	SCONJ
fueconorg-5201	176	34	the	the	DET
fueconorg-5201	176	35	transaction	transaction	NOUN
fueconorg-5201	176	36	is	be	AUX
fueconorg-5201	176	37	financed	finance	VERB
fueconorg-5201	176	38	with	with	ADP
fueconorg-5201	176	39	cash	cash	NOUN
fueconorg-5201	176	40	,	,	PUNCT
fueconorg-5201	176	41	shares	share	NOUN
fueconorg-5201	176	42	or	or	CCONJ
fueconorg-5201	176	43	a	a	DET
fueconorg-5201	176	44	combination	combination	NOUN
fueconorg-5201	176	45	thereof	thereof	ADV
fueconorg-5201	176	46	.	.	PUNCT
fueconorg-5201	177	1	the	the	DET
fueconorg-5201	177	2	results	result	NOUN
fueconorg-5201	177	3	show	show	VERB
fueconorg-5201	177	4	that	that	SCONJ
fueconorg-5201	177	5	there	there	PRON
fueconorg-5201	177	6	are	be	VERB
fueconorg-5201	177	7	statistically	statistically	ADV
fueconorg-5201	177	8	significant	significant	ADJ
fueconorg-5201	177	9	differences	difference	NOUN
fueconorg-5201	177	10	in	in	ADP
fueconorg-5201	177	11	the	the	DET
fueconorg-5201	177	12	bid	bid	NOUN
fueconorg-5201	177	13	premium	premium	NOUN
fueconorg-5201	177	14	amounts	amount	VERB
fueconorg-5201	177	15	per	per	ADP
fueconorg-5201	177	16	payment	payment	NOUN
fueconorg-5201	177	17	method	method	NOUN
fueconorg-5201	177	18	,	,	PUNCT
fueconorg-5201	177	19	where	where	SCONJ
fueconorg-5201	177	20	the	the	DET
fueconorg-5201	177	21	highest	high	ADJ
fueconorg-5201	177	22	average	average	ADJ
fueconorg-5201	177	23	bid	bid	NOUN
fueconorg-5201	177	24	premium	premium	NOUN
fueconorg-5201	177	25	is	be	AUX
fueconorg-5201	177	26	identified	identify	VERB
fueconorg-5201	177	27	in	in	ADP
fueconorg-5201	177	28	cash	cash	NOUN
fueconorg-5201	177	29	-	-	PUNCT
fueconorg-5201	177	30	financed	finance	VERB
fueconorg-5201	177	31	transactions	transaction	NOUN
fueconorg-5201	177	32	,	,	PUNCT
fueconorg-5201	177	33	and	and	CCONJ
fueconorg-5201	177	34	the	the	DET
fueconorg-5201	177	35	lowest	low	ADJ
fueconorg-5201	177	36	in	in	ADP
fueconorg-5201	177	37	entirely	entirely	ADV
fueconorg-5201	177	38	share	share	NOUN
fueconorg-5201	177	39	-	-	PUNCT
fueconorg-5201	177	40	financed	finance	VERB
fueconorg-5201	177	41	ones	one	NOUN
fueconorg-5201	177	42	.	.	PUNCT
fueconorg-5201	178	1	this	this	DET
fueconorg-5201	178	2	result	result	NOUN
fueconorg-5201	178	3	correlates	correlate	VERB
fueconorg-5201	178	4	to	to	ADP
fueconorg-5201	178	5	goergen	goergen	PROPN
fueconorg-5201	178	6	and	and	CCONJ
fueconorg-5201	178	7	renneboog	renneboog	NOUN
fueconorg-5201	178	8	(	(	PUNCT
fueconorg-5201	178	9	2004	2004	NUM
fueconorg-5201	178	10	)	)	PUNCT
fueconorg-5201	178	11	who	who	PRON
fueconorg-5201	178	12	claim	claim	VERB
fueconorg-5201	178	13	that	that	SCONJ
fueconorg-5201	178	14	higher	high	ADJ
fueconorg-5201	178	15	bid	bid	NOUN
fueconorg-5201	178	16	premiums	premium	NOUN
fueconorg-5201	178	17	positively	positively	ADV
fueconorg-5201	178	18	correlate	correlate	VERB
fueconorg-5201	178	19	to	to	ADP
fueconorg-5201	178	20	the	the	DET
fueconorg-5201	178	21	predominant	predominant	ADJ
fueconorg-5201	178	22	cash	cash	NOUN
fueconorg-5201	178	23	payments	payment	NOUN
fueconorg-5201	178	24	.	.	PUNCT
fueconorg-5201	179	1	however	however	ADV
fueconorg-5201	179	2	,	,	PUNCT
fueconorg-5201	179	3	the	the	DET
fueconorg-5201	179	4	testing	testing	NOUN
fueconorg-5201	179	5	results	result	NOUN
fueconorg-5201	179	6	per	per	ADP
fueconorg-5201	179	7	sub	sub	NOUN
fueconorg-5201	179	8	-	-	NOUN
fueconorg-5201	179	9	sample	sample	NOUN
fueconorg-5201	179	10	suggest	suggest	VERB
fueconorg-5201	179	11	that	that	SCONJ
fueconorg-5201	179	12	statistically	statistically	ADV
fueconorg-5201	179	13	significant	significant	ADJ
fueconorg-5201	179	14	differences	difference	NOUN
fueconorg-5201	179	15	in	in	ADP
fueconorg-5201	179	16	the	the	DET
fueconorg-5201	179	17	bid	bid	NOUN
fueconorg-5201	179	18	premium	premium	NOUN
fueconorg-5201	179	19	amounts	amount	NOUN
fueconorg-5201	179	20	per	per	ADP
fueconorg-5201	179	21	selected	select	VERB
fueconorg-5201	179	22	payment	payment	NOUN
fueconorg-5201	179	23	method	method	NOUN
fueconorg-5201	179	24	arise	arise	VERB
fueconorg-5201	179	25	exclusively	exclusively	ADV
fueconorg-5201	179	26	in	in	ADP
fueconorg-5201	179	27	the	the	DET
fueconorg-5201	179	28	crisis	crisis	NOUN
fueconorg-5201	179	29	period	period	NOUN
fueconorg-5201	179	30	,	,	PUNCT
fueconorg-5201	179	31	while	while	SCONJ
fueconorg-5201	179	32	no	no	DET
fueconorg-5201	179	33	such	such	ADJ
fueconorg-5201	179	34	differences	difference	NOUN
fueconorg-5201	179	35	are	be	AUX
fueconorg-5201	179	36	identified	identify	VERB
fueconorg-5201	179	37	in	in	ADP
fueconorg-5201	179	38	the	the	DET
fueconorg-5201	179	39	pre	pre	ADJ
fueconorg-5201	179	40	-	-	ADJ
fueconorg-5201	179	41	confidence	confidence	ADJ
fueconorg-5201	179	42	decline	decline	NOUN
fueconorg-5201	179	43	and	and	CCONJ
fueconorg-5201	179	44	confidence	confidence	NOUN
fueconorg-5201	179	45	recovery	recovery	NOUN
fueconorg-5201	179	46	periods	period	NOUN
fueconorg-5201	179	47	.	.	PUNCT
fueconorg-5201	180	1	the	the	DET
fueconorg-5201	180	2	stronghold	stronghold	NOUN
fueconorg-5201	180	3	for	for	ADP
fueconorg-5201	180	4	this	this	DET
fueconorg-5201	180	5	result	result	NOUN
fueconorg-5201	180	6	we	we	PRON
fueconorg-5201	180	7	find	find	VERB
fueconorg-5201	180	8	in	in	ADP
fueconorg-5201	180	9	the	the	DET
fueconorg-5201	180	10	different	different	ADJ
fueconorg-5201	180	11	level	level	NOUN
fueconorg-5201	180	12	of	of	ADP
fueconorg-5201	180	13	m&a	m&a	PROPN
fueconorg-5201	180	14	participants	participant	NOUN
fueconorg-5201	180	15	’	'	PUNCT
fueconorg-5201	180	16	legal	legal	ADJ
fueconorg-5201	180	17	protection	protection	NOUN
fueconorg-5201	180	18	relative	relative	ADJ
fueconorg-5201	180	19	to	to	ADP
fueconorg-5201	180	20	general	general	ADJ
fueconorg-5201	180	21	market	market	NOUN
fueconorg-5201	180	22	trends	trend	NOUN
fueconorg-5201	180	23	.	.	PUNCT
fueconorg-5201	181	1	shah	shah	PROPN
fueconorg-5201	181	2	and	and	CCONJ
fueconorg-5201	181	3	arora	arora	PROPN
fueconorg-5201	181	4	(	(	PUNCT
fueconorg-5201	181	5	2014	2014	NUM
fueconorg-5201	181	6	)	)	PUNCT
fueconorg-5201	181	7	finds	find	VERB
fueconorg-5201	181	8	that	that	SCONJ
fueconorg-5201	181	9	the	the	DET
fueconorg-5201	181	10	level	level	NOUN
fueconorg-5201	181	11	of	of	ADP
fueconorg-5201	181	12	investor	investor	NOUN
fueconorg-5201	181	13	protection	protection	NOUN
fueconorg-5201	181	14	is	be	AUX
fueconorg-5201	181	15	lessened	lessen	VERB
fueconorg-5201	181	16	in	in	ADP
fueconorg-5201	181	17	the	the	DET
fueconorg-5201	181	18	period	period	NOUN
fueconorg-5201	181	19	of	of	ADP
fueconorg-5201	181	20	crisis	crisis	NOUN
fueconorg-5201	181	21	.	.	PUNCT
fueconorg-5201	182	1	on	on	ADP
fueconorg-5201	182	2	the	the	DET
fueconorg-5201	182	3	other	other	ADJ
fueconorg-5201	182	4	hand	hand	NOUN
fueconorg-5201	182	5	,	,	PUNCT
fueconorg-5201	182	6	analysing	analyse	VERB
fueconorg-5201	182	7	the	the	DET
fueconorg-5201	182	8	market	market	NOUN
fueconorg-5201	182	9	response	response	NOUN
fueconorg-5201	182	10	to	to	ADP
fueconorg-5201	182	11	the	the	DET
fueconorg-5201	182	12	transaction	transaction	NOUN
fueconorg-5201	182	13	announcement	announcement	NOUN
fueconorg-5201	182	14	,	,	PUNCT
fueconorg-5201	182	15	the	the	DET
fueconorg-5201	182	16	results	result	NOUN
fueconorg-5201	182	17	obtained	obtain	VERB
fueconorg-5201	182	18	at	at	ADP
fueconorg-5201	182	19	the	the	DET
fueconorg-5201	182	20	entire	entire	ADJ
fueconorg-5201	182	21	sample	sample	NOUN
fueconorg-5201	182	22	level	level	NOUN
fueconorg-5201	182	23	show	show	NOUN
fueconorg-5201	182	24	that	that	SCONJ
fueconorg-5201	182	25	the	the	DET
fueconorg-5201	182	26	average	average	ADJ
fueconorg-5201	182	27	bid	bid	NOUN
fueconorg-5201	182	28	premium	premium	NOUN
fueconorg-5201	182	29	calculated	calculate	VERB
fueconorg-5201	182	30	30	30	NUM
fueconorg-5201	182	31	days	day	NOUN
fueconorg-5201	182	32	after	after	SCONJ
fueconorg-5201	182	33	the	the	DET
fueconorg-5201	182	34	transaction	transaction	NOUN
fueconorg-5201	182	35	announcement	announcement	NOUN
fueconorg-5201	182	36	is	be	AUX
fueconorg-5201	182	37	statistically	statistically	ADV
fueconorg-5201	182	38	significantly	significantly	ADV
fueconorg-5201	182	39	above	above	ADP
fueconorg-5201	182	40	zero	zero	NUM
fueconorg-5201	182	41	for	for	ADP
fueconorg-5201	182	42	each	each	PRON
fueconorg-5201	182	43	of	of	ADP
fueconorg-5201	182	44	the	the	DET
fueconorg-5201	182	45	three	three	NUM
fueconorg-5201	182	46	payment	payment	NOUN
fueconorg-5201	182	47	methods	method	NOUN
fueconorg-5201	182	48	.	.	PUNCT
fueconorg-5201	183	1	however	however	ADV
fueconorg-5201	183	2	,	,	PUNCT
fueconorg-5201	183	3	at	at	ADP
fueconorg-5201	183	4	the	the	DET
fueconorg-5201	183	5	level	level	NOUN
fueconorg-5201	183	6	of	of	ADP
fueconorg-5201	183	7	individual	individual	ADJ
fueconorg-5201	183	8	period	period	NOUN
fueconorg-5201	183	9	,	,	PUNCT
fueconorg-5201	183	10	the	the	DET
fueconorg-5201	183	11	results	result	NOUN
fueconorg-5201	183	12	were	be	AUX
fueconorg-5201	183	13	heterogeneous	heterogeneous	ADJ
fueconorg-5201	183	14	.	.	PUNCT
fueconorg-5201	184	1	in	in	ADP
fueconorg-5201	184	2	fact	fact	NOUN
fueconorg-5201	184	3	,	,	PUNCT
fueconorg-5201	184	4	the	the	DET
fueconorg-5201	184	5	results	result	NOUN
fueconorg-5201	184	6	demonstrate	demonstrate	VERB
fueconorg-5201	184	7	that	that	SCONJ
fueconorg-5201	184	8	the	the	DET
fueconorg-5201	184	9	prices	price	NOUN
fueconorg-5201	184	10	offered	offer	VERB
fueconorg-5201	184	11	by	by	ADP
fueconorg-5201	184	12	bidders	bidder	NOUN
fueconorg-5201	184	13	in	in	ADP
fueconorg-5201	184	14	cash	cash	NOUN
fueconorg-5201	184	15	-	-	PUNCT
fueconorg-5201	184	16	financed	finance	VERB
fueconorg-5201	184	17	transactions	transaction	NOUN
fueconorg-5201	184	18	are	be	AUX
fueconorg-5201	184	19	perceived	perceive	VERB
fueconorg-5201	184	20	as	as	ADP
fueconorg-5201	184	21	adequate	adequate	ADJ
fueconorg-5201	184	22	on	on	ADP
fueconorg-5201	184	23	the	the	DET
fueconorg-5201	184	24	average	average	NOUN
fueconorg-5201	184	25	in	in	ADP
fueconorg-5201	184	26	both	both	CCONJ
fueconorg-5201	184	27	the	the	DET
fueconorg-5201	184	28	preconfidence	preconfidence	NOUN
fueconorg-5201	184	29	decline	decline	VERB
fueconorg-5201	184	30	period	period	NOUN
fueconorg-5201	184	31	and	and	CCONJ
fueconorg-5201	184	32	confidence	confidence	NOUN
fueconorg-5201	184	33	recovery	recovery	NOUN
fueconorg-5201	184	34	period	period	NOUN
fueconorg-5201	184	35	,	,	PUNCT
fueconorg-5201	184	36	while	while	SCONJ
fueconorg-5201	184	37	in	in	ADP
fueconorg-5201	184	38	the	the	DET
fueconorg-5201	184	39	crisis	crisis	NOUN
fueconorg-5201	184	40	period	period	NOUN
fueconorg-5201	184	41	such	such	ADJ
fueconorg-5201	184	42	prices	price	NOUN
fueconorg-5201	184	43	are	be	AUX
fueconorg-5201	184	44	perceived	perceive	VERB
fueconorg-5201	184	45	as	as	ADP
fueconorg-5201	184	46	overestimated	overestimate	VERB
fueconorg-5201	184	47	.	.	PUNCT
fueconorg-5201	185	1	however	however	ADV
fueconorg-5201	185	2	,	,	PUNCT
fueconorg-5201	185	3	the	the	DET
fueconorg-5201	185	4	results	result	NOUN
fueconorg-5201	185	5	suggest	suggest	VERB
fueconorg-5201	185	6	that	that	SCONJ
fueconorg-5201	185	7	,	,	PUNCT
fueconorg-5201	185	8	in	in	ADP
fueconorg-5201	185	9	instances	instance	NOUN
fueconorg-5201	185	10	of	of	ADP
fueconorg-5201	185	11	share	share	NOUN
fueconorg-5201	185	12	-	-	PUNCT
fueconorg-5201	185	13	financed	finance	VERB
fueconorg-5201	185	14	transactions	transaction	NOUN
fueconorg-5201	185	15	and	and	CCONJ
fueconorg-5201	185	16	those	those	PRON
fueconorg-5201	185	17	financed	finance	VERB
fueconorg-5201	185	18	with	with	ADP
fueconorg-5201	185	19	cash	cash	NOUN
fueconorg-5201	185	20	and	and	CCONJ
fueconorg-5201	185	21	shares	share	NOUN
fueconorg-5201	185	22	combined	combine	VERB
fueconorg-5201	185	23	to	to	ADP
fueconorg-5201	185	24	some	some	DET
fueconorg-5201	185	25	extent	extent	NOUN
fueconorg-5201	185	26	,	,	PUNCT
fueconorg-5201	185	27	the	the	DET
fueconorg-5201	185	28	market	market	NOUN
fueconorg-5201	185	29	perceives	perceive	VERB
fueconorg-5201	185	30	the	the	DET
fueconorg-5201	185	31	prices	price	NOUN
fueconorg-5201	185	32	offered	offer	VERB
fueconorg-5201	185	33	as	as	ADP
fueconorg-5201	185	34	unrealistically	unrealistically	ADV
fueconorg-5201	185	35	high	high	ADJ
fueconorg-5201	185	36	,	,	PUNCT
fueconorg-5201	185	37	irrespective	irrespective	ADV
fueconorg-5201	185	38	of	of	ADP
fueconorg-5201	185	39	the	the	DET
fueconorg-5201	185	40	current	current	ADJ
fueconorg-5201	185	41	situation	situation	NOUN
fueconorg-5201	185	42	in	in	ADP
fueconorg-5201	185	43	the	the	DET
fueconorg-5201	185	44	equity	equity	NOUN
fueconorg-5201	185	45	market	market	NOUN
fueconorg-5201	185	46	which	which	PRON
fueconorg-5201	185	47	is	be	AUX
fueconorg-5201	185	48	in	in	ADP
fueconorg-5201	185	49	line	line	NOUN
fueconorg-5201	185	50	with	with	ADP
fueconorg-5201	185	51	gupta	gupta	NOUN
fueconorg-5201	185	52	and	and	CCONJ
fueconorg-5201	185	53	misra	misra	PROPN
fueconorg-5201	185	54	(	(	PUNCT
fueconorg-5201	185	55	2007	2007	NUM
fueconorg-5201	185	56	)	)	PUNCT
fueconorg-5201	185	57	.	.	PUNCT
fueconorg-5201	186	1	here	here	ADV
fueconorg-5201	186	2	we	we	PRON
fueconorg-5201	186	3	need	need	VERB
fueconorg-5201	186	4	to	to	PART
fueconorg-5201	186	5	underline	underline	VERB
fueconorg-5201	186	6	another	another	DET
fueconorg-5201	186	7	important	important	ADJ
fueconorg-5201	186	8	finding	finding	NOUN
fueconorg-5201	186	9	,	,	PUNCT
fueconorg-5201	186	10	that	that	SCONJ
fueconorg-5201	186	11	in	in	ADP
fueconorg-5201	186	12	the	the	DET
fueconorg-5201	186	13	crisis	crisis	NOUN
fueconorg-5201	186	14	period	period	NOUN
fueconorg-5201	186	15	,	,	PUNCT
fueconorg-5201	186	16	target	target	NOUN
fueconorg-5201	186	17	share	share	NOUN
fueconorg-5201	186	18	prices	price	NOUN
fueconorg-5201	186	19	remain	remain	VERB
fueconorg-5201	186	20	below	below	ADP
fueconorg-5201	186	21	the	the	DET
fueconorg-5201	186	22	price	price	NOUN
fueconorg-5201	186	23	offered	offer	VERB
fueconorg-5201	186	24	after	after	ADP
fueconorg-5201	186	25	the	the	DET
fueconorg-5201	186	26	transaction	transaction	NOUN
fueconorg-5201	186	27	announcement	announcement	NOUN
fueconorg-5201	186	28	irrespective	irrespective	ADV
fueconorg-5201	186	29	of	of	ADP
fueconorg-5201	186	30	the	the	DET
fueconorg-5201	186	31	selected	select	VERB
fueconorg-5201	186	32	payment	payment	NOUN
fueconorg-5201	186	33	method	method	NOUN
fueconorg-5201	186	34	.	.	PUNCT
fueconorg-5201	187	1	among	among	ADP
fueconorg-5201	187	2	other	other	ADJ
fueconorg-5201	187	3	things	thing	NOUN
fueconorg-5201	187	4	,	,	PUNCT
fueconorg-5201	187	5	this	this	PRON
fueconorg-5201	187	6	may	may	AUX
fueconorg-5201	187	7	be	be	AUX
fueconorg-5201	187	8	a	a	DET
fueconorg-5201	187	9	consequence	consequence	NOUN
fueconorg-5201	187	10	of	of	ADP
fueconorg-5201	187	11	the	the	DET
fueconorg-5201	187	12	market	market	NOUN
fueconorg-5201	187	13	’s	’s	PART
fueconorg-5201	187	14	higher	high	ADJ
fueconorg-5201	187	15	skepticism	skepticism	NOUN
fueconorg-5201	187	16	during	during	ADP
fueconorg-5201	187	17	the	the	DET
fueconorg-5201	187	18	crisis	crisis	NOUN
fueconorg-5201	187	19	period	period	NOUN
fueconorg-5201	187	20	as	as	ADP
fueconorg-5201	187	21	to	to	ADP
fueconorg-5201	187	22	whether	whether	SCONJ
fueconorg-5201	187	23	the	the	DET
fueconorg-5201	187	24	transactions	transaction	NOUN
fueconorg-5201	187	25	announced	announce	VERB
fueconorg-5201	187	26	will	will	AUX
fueconorg-5201	187	27	be	be	AUX
fueconorg-5201	187	28	completed	complete	VERB
fueconorg-5201	187	29	.	.	PUNCT
fueconorg-5201	188	1	310	310	NUM
fueconorg-5201	188	2	m.	m.	NOUN
fueconorg-5201	188	3	živanović	živanović	NOUN
fueconorg-5201	188	4	,	,	PUNCT
fueconorg-5201	188	5	n.	n.	NOUN
fueconorg-5201	188	6	džudović	džudović	PROPN
fueconorg-5201	188	7	table	table	NOUN
fueconorg-5201	188	8	4	4	NUM
fueconorg-5201	188	9	bid	bid	NOUN
fueconorg-5201	188	10	premium	premium	NOUN
fueconorg-5201	188	11	in	in	ADP
fueconorg-5201	188	12	regard	regard	NOUN
fueconorg-5201	188	13	to	to	ADP
fueconorg-5201	188	14	selected	select	VERB
fueconorg-5201	188	15	payment	payment	NOUN
fueconorg-5201	188	16	method	method	NOUN
fueconorg-5201	188	17	descriptives	descriptive	NOUN
fueconorg-5201	188	18	/	/	SYM
fueconorg-5201	188	19	anova	anova	PROPN
fueconorg-5201	188	20	mean	mean	ADJ
fueconorg-5201	188	21	-	-	PUNCT
fueconorg-5201	188	22	cash	cash	NOUN
fueconorg-5201	188	23	meanequity	meanequity	NOUN
fueconorg-5201	188	24	meanmixed	meanmixe	VERB
fueconorg-5201	188	25	f	f	PROPN
fueconorg-5201	188	26	statistic	statistic	PROPN
fueconorg-5201	188	27	sig	sig	PROPN
fueconorg-5201	188	28	.	.	PUNCT
fueconorg-5201	188	29	(	(	PUNCT
fueconorg-5201	188	30	2	2	NUM
fueconorg-5201	188	31	-	-	PUNCT
fueconorg-5201	188	32	tailed	tail	VERB
fueconorg-5201	188	33	)	)	PUNCT
fueconorg-5201	188	34	for	for	ADP
fueconorg-5201	188	35	the	the	DET
fueconorg-5201	188	36	entire	entire	ADJ
fueconorg-5201	188	37	sample	sample	NOUN
fueconorg-5201	188	38	bid	bid	NOUN
fueconorg-5201	188	39	premia	premia	PROPN
fueconorg-5201	188	40	share	share	NOUN
fueconorg-5201	188	41	price	price	NOUN
fueconorg-5201	188	42	-30	-30	NUM
fueconorg-5201	188	43	0.3570	0.3570	NUM
fueconorg-5201	188	44	0.2655	0.2655	NUM
fueconorg-5201	188	45	0.2911	0.2911	NUM
fueconorg-5201	188	46	3.968	3.968	NUM
fueconorg-5201	188	47	0.019	0.019	NUM
fueconorg-5201	188	48	bid	bid	NOUN
fueconorg-5201	188	49	premia	premia	PROPN
fueconorg-5201	188	50	share	share	NOUN
fueconorg-5201	188	51	price	price	NOUN
fueconorg-5201	188	52	+30	+30	NOUN
fueconorg-5201	188	53	0.0408	0.0408	NUM
fueconorg-5201	188	54	0.1008	0.1008	NUM
fueconorg-5201	188	55	0.0963	0.0963	NUM
fueconorg-5201	188	56	1.801	1.801	NUM
fueconorg-5201	188	57	0.166	0.166	NUM
fueconorg-5201	188	58	pre	pre	ADJ
fueconorg-5201	188	59	-	-	ADJ
fueconorg-5201	188	60	confidence	confidence	ADJ
fueconorg-5201	188	61	decline	decline	NOUN
fueconorg-5201	188	62	period	period	NOUN
fueconorg-5201	188	63	bid	bid	NOUN
fueconorg-5201	188	64	premia	premia	PROPN
fueconorg-5201	188	65	share	share	NOUN
fueconorg-5201	188	66	price	price	NOUN
fueconorg-5201	188	67	-30	-30	NUM
fueconorg-5201	188	68	0.3079	0.3079	NUM
fueconorg-5201	188	69	0.2335	0.2335	NUM
fueconorg-5201	188	70	0.2877	0.2877	NUM
fueconorg-5201	188	71	0.652	0.652	NUM
fueconorg-5201	188	72	0.522	0.522	NUM
fueconorg-5201	188	73	bid	bid	NOUN
fueconorg-5201	188	74	premia	premia	PROPN
fueconorg-5201	188	75	share	share	NOUN
fueconorg-5201	188	76	price	price	NOUN
fueconorg-5201	188	77	+30	+30	NOUN
fueconorg-5201	188	78	0.0187	0.0187	NUM
fueconorg-5201	188	79	0.0842	0.0842	NUM
fueconorg-5201	188	80	0.787	0.787	NUM
fueconorg-5201	188	81	1.619	1.619	NUM
fueconorg-5201	188	82	0.200	0.200	NUM
fueconorg-5201	188	83	crisis	crisis	NOUN
fueconorg-5201	188	84	period	period	NOUN
fueconorg-5201	188	85	bid	bid	NOUN
fueconorg-5201	188	86	premia	premia	PROPN
fueconorg-5201	188	87	share	share	NOUN
fueconorg-5201	188	88	price	price	NOUN
fueconorg-5201	188	89	-30	-30	NUM
fueconorg-5201	188	90	0.3675	0.3675	NUM
fueconorg-5201	188	91	0.2648	0.2648	NUM
fueconorg-5201	188	92	0.2465	0.2465	NUM
fueconorg-5201	188	93	2.973	2.973	NUM
fueconorg-5201	188	94	0.053	0.053	NUM
fueconorg-5201	188	95	bid	bid	NOUN
fueconorg-5201	188	96	premia	premia	PROPN
fueconorg-5201	188	97	share	share	NOUN
fueconorg-5201	188	98	price	price	NOUN
fueconorg-5201	188	99	+30	+30	NOUN
fueconorg-5201	188	100	0.0449	0.0449	NUM
fueconorg-5201	188	101	0.1414	0.1414	NUM
fueconorg-5201	188	102	0.1148	0.1148	NUM
fueconorg-5201	188	103	6.066	6.066	NUM
fueconorg-5201	188	104	0.003	0.003	NUM
fueconorg-5201	188	105	confidence	confidence	NOUN
fueconorg-5201	188	106	recovery	recovery	NOUN
fueconorg-5201	188	107	period	period	NOUN
fueconorg-5201	188	108	bid	bid	VERB
fueconorg-5201	188	109	premia	premia	PROPN
fueconorg-5201	188	110	share	share	NOUN
fueconorg-5201	188	111	price	price	NOUN
fueconorg-5201	188	112	-30	-30	PUNCT
fueconorg-5201	188	113	0.3812	0.3812	NUM
fueconorg-5201	188	114	0.2966	0.2966	NUM
fueconorg-5201	188	115	0.3640	0.3640	NUM
fueconorg-5201	188	116	0.824	0.824	NUM
fueconorg-5201	188	117	0.440	0.440	NUM
fueconorg-5201	188	118	bid	bid	NOUN
fueconorg-5201	188	119	premia	premia	PROPN
fueconorg-5201	188	120	share	share	NOUN
fueconorg-5201	188	121	price	price	NOUN
fueconorg-5201	188	122	+30	+30	NOUN
fueconorg-5201	188	123	0.0525	0.0525	NUM
fueconorg-5201	188	124	0.0741	0.0741	NUM
fueconorg-5201	188	125	0.0951	0.0951	NUM
fueconorg-5201	188	126	0.067	0.067	NUM
fueconorg-5201	188	127	0.935	0.935	NUM
fueconorg-5201	188	128	one	one	NUM
fueconorg-5201	188	129	sample	sample	NOUN
fueconorg-5201	188	130	statistics	statistic	NOUN
fueconorg-5201	188	131	(	(	PUNCT
fueconorg-5201	188	132	t=0	t=0	PROPN
fueconorg-5201	188	133	)	)	PUNCT
fueconorg-5201	188	134	t	t	PROPN
fueconorg-5201	188	135	statistic	statistic	PROPN
fueconorg-5201	188	136	sig	sig	PROPN
fueconorg-5201	188	137	.	.	PUNCT
fueconorg-5201	189	1	(	(	PUNCT
fueconorg-5201	189	2	2	2	NUM
fueconorg-5201	189	3	-	-	PUNCT
fueconorg-5201	189	4	tailed	tail	VERB
fueconorg-5201	189	5	)	)	PUNCT
fueconorg-5201	189	6	for	for	ADP
fueconorg-5201	189	7	the	the	DET
fueconorg-5201	189	8	entire	entire	ADJ
fueconorg-5201	189	9	sample	sample	NOUN
fueconorg-5201	189	10	bid	bid	NOUN
fueconorg-5201	189	11	premia	premia	PROPN
fueconorg-5201	189	12	share	share	NOUN
fueconorg-5201	189	13	price	price	NOUN
fueconorg-5201	189	14	+30	+30	NOUN
fueconorg-5201	189	15	(	(	PUNCT
fueconorg-5201	189	16	cash	cash	NOUN
fueconorg-5201	189	17	)	)	PUNCT
fueconorg-5201	189	18	2.210	2.210	NUM
fueconorg-5201	189	19	0.028	0.028	NUM
fueconorg-5201	189	20	bid	bid	NOUN
fueconorg-5201	189	21	premia	premia	PROPN
fueconorg-5201	189	22	share	share	NOUN
fueconorg-5201	189	23	price	price	NOUN
fueconorg-5201	189	24	+30	+30	NOUN
fueconorg-5201	189	25	(	(	PUNCT
fueconorg-5201	189	26	equity	equity	NOUN
fueconorg-5201	189	27	)	)	PUNCT
fueconorg-5201	189	28	4.460	4.460	NUM
fueconorg-5201	189	29	0.000	0.000	NUM
fueconorg-5201	189	30	bid	bid	NOUN
fueconorg-5201	189	31	premia	premia	PROPN
fueconorg-5201	189	32	share	share	NOUN
fueconorg-5201	189	33	price	price	NOUN
fueconorg-5201	189	34	+30	+30	NOUN
fueconorg-5201	189	35	(	(	PUNCT
fueconorg-5201	189	36	mixed	mixed	ADJ
fueconorg-5201	189	37	)	)	PUNCT
fueconorg-5201	189	38	6.359	6.359	NUM
fueconorg-5201	189	39	0.000	0.000	NUM
fueconorg-5201	189	40	pre	pre	ADJ
fueconorg-5201	189	41	-	-	ADJ
fueconorg-5201	189	42	confidence	confidence	ADJ
fueconorg-5201	189	43	decline	decline	NOUN
fueconorg-5201	189	44	period	period	NOUN
fueconorg-5201	189	45	bid	bid	NOUN
fueconorg-5201	189	46	premia	premia	PROPN
fueconorg-5201	189	47	share	share	NOUN
fueconorg-5201	189	48	price	price	NOUN
fueconorg-5201	189	49	+30	+30	NOUN
fueconorg-5201	189	50	(	(	PUNCT
fueconorg-5201	189	51	cash	cash	NOUN
fueconorg-5201	189	52	)	)	PUNCT
fueconorg-5201	189	53	0.840	0.840	NUM
fueconorg-5201	189	54	0.402	0.402	NUM
fueconorg-5201	189	55	bid	bid	NOUN
fueconorg-5201	189	56	premia	premia	PROPN
fueconorg-5201	189	57	share	share	NOUN
fueconorg-5201	189	58	price	price	NOUN
fueconorg-5201	189	59	+30	+30	NOUN
fueconorg-5201	189	60	(	(	PUNCT
fueconorg-5201	189	61	equity	equity	NOUN
fueconorg-5201	189	62	)	)	PUNCT
fueconorg-5201	189	63	2.012	2.012	NUM
fueconorg-5201	189	64	0.051	0.051	NUM
fueconorg-5201	189	65	bid	bid	NOUN
fueconorg-5201	189	66	premia	premia	PROPN
fueconorg-5201	189	67	share	share	NOUN
fueconorg-5201	189	68	price	price	NOUN
fueconorg-5201	189	69	+30	+30	NOUN
fueconorg-5201	189	70	(	(	PUNCT
fueconorg-5201	189	71	mixed	mixed	ADJ
fueconorg-5201	189	72	)	)	PUNCT
fueconorg-5201	189	73	3.646	3.646	NUM
fueconorg-5201	189	74	0.001	0.001	NUM
fueconorg-5201	189	75	crisis	crisis	NOUN
fueconorg-5201	189	76	period	period	NOUN
fueconorg-5201	189	77	bid	bid	NOUN
fueconorg-5201	189	78	premia	premia	PROPN
fueconorg-5201	189	79	share	share	NOUN
fueconorg-5201	189	80	price	price	NOUN
fueconorg-5201	189	81	+30	+30	NOUN
fueconorg-5201	189	82	(	(	PUNCT
fueconorg-5201	189	83	cash	cash	NOUN
fueconorg-5201	189	84	)	)	PUNCT
fueconorg-5201	189	85	3.612	3.612	NUM
fueconorg-5201	189	86	0.000	0.000	NUM
fueconorg-5201	189	87	bid	bid	NOUN
fueconorg-5201	189	88	premia	premia	PROPN
fueconorg-5201	189	89	share	share	NOUN
fueconorg-5201	189	90	price	price	NOUN
fueconorg-5201	189	91	+30	+30	NOUN
fueconorg-5201	189	92	(	(	PUNCT
fueconorg-5201	189	93	equity	equity	NOUN
fueconorg-5201	189	94	)	)	PUNCT
fueconorg-5201	189	95	4.132	4.132	NUM
fueconorg-5201	189	96	0.000	0.000	NUM
fueconorg-5201	189	97	bid	bid	NOUN
fueconorg-5201	189	98	premia	premia	PROPN
fueconorg-5201	189	99	share	share	NOUN
fueconorg-5201	189	100	price	price	NOUN
fueconorg-5201	189	101	+30	+30	NOUN
fueconorg-5201	189	102	(	(	PUNCT
fueconorg-5201	189	103	mixed	mixed	ADJ
fueconorg-5201	189	104	)	)	PUNCT
fueconorg-5201	189	105	4.754	4.754	NUM
fueconorg-5201	189	106	0.000	0.000	NUM
fueconorg-5201	189	107	confidence	confidence	NOUN
fueconorg-5201	189	108	recovery	recovery	NOUN
fueconorg-5201	189	109	period	period	NOUN
fueconorg-5201	189	110	bid	bid	VERB
fueconorg-5201	189	111	premia	premia	PROPN
fueconorg-5201	189	112	share	share	NOUN
fueconorg-5201	189	113	price	price	NOUN
fueconorg-5201	189	114	+30	+30	NOUN
fueconorg-5201	189	115	(	(	PUNCT
fueconorg-5201	189	116	cash	cash	NOUN
fueconorg-5201	189	117	)	)	PUNCT
fueconorg-5201	189	118	1.042	1.042	NUM
fueconorg-5201	189	119	0.299	0.299	NUM
fueconorg-5201	189	120	bid	bid	NOUN
fueconorg-5201	189	121	premia	premia	PROPN
fueconorg-5201	189	122	share	share	NOUN
fueconorg-5201	189	123	price	price	NOUN
fueconorg-5201	189	124	+30	+30	NOUN
fueconorg-5201	189	125	(	(	PUNCT
fueconorg-5201	189	126	equity	equity	NOUN
fueconorg-5201	189	127	)	)	PUNCT
fueconorg-5201	189	128	1.779	1.779	NUM
fueconorg-5201	189	129	0.083	0.083	NUM
fueconorg-5201	189	130	bid	bid	NOUN
fueconorg-5201	189	131	premia	premia	PROPN
fueconorg-5201	189	132	share	share	NOUN
fueconorg-5201	189	133	price	price	NOUN
fueconorg-5201	189	134	+30	+30	NOUN
fueconorg-5201	189	135	(	(	PUNCT
fueconorg-5201	189	136	mixed	mixed	ADJ
fueconorg-5201	189	137	)	)	PUNCT
fueconorg-5201	189	138	2.576	2.576	NUM
fueconorg-5201	189	139	0.017	0.017	NUM
fueconorg-5201	189	140	source	source	NOUN
fueconorg-5201	189	141	:	:	PUNCT
fueconorg-5201	189	142	authors	author	NOUN
fueconorg-5201	189	143	’	’	PART
fueconorg-5201	189	144	calculation	calculation	NOUN
fueconorg-5201	189	145	in	in	ADP
fueconorg-5201	189	146	the	the	DET
fueconorg-5201	189	147	next	next	ADJ
fueconorg-5201	189	148	instance	instance	NOUN
fueconorg-5201	189	149	,	,	PUNCT
fueconorg-5201	189	150	we	we	PRON
fueconorg-5201	189	151	focus	focus	VERB
fueconorg-5201	189	152	on	on	ADP
fueconorg-5201	189	153	the	the	DET
fueconorg-5201	189	154	motive	motive	NOUN
fueconorg-5201	189	155	for	for	ADP
fueconorg-5201	189	156	entering	enter	VERB
fueconorg-5201	189	157	the	the	DET
fueconorg-5201	189	158	m&a	m&a	PROPN
fueconorg-5201	189	159	transactions	transaction	NOUN
fueconorg-5201	189	160	as	as	ADP
fueconorg-5201	189	161	one	one	NUM
fueconorg-5201	189	162	of	of	ADP
fueconorg-5201	189	163	the	the	DET
fueconorg-5201	189	164	key	key	ADJ
fueconorg-5201	189	165	determinants	determinant	NOUN
fueconorg-5201	189	166	of	of	ADP
fueconorg-5201	189	167	bid	bid	NOUN
fueconorg-5201	189	168	premium	premium	NOUN
fueconorg-5201	189	169	value	value	NOUN
fueconorg-5201	189	170	.	.	PUNCT
fueconorg-5201	190	1	we	we	PRON
fueconorg-5201	190	2	test	test	VERB
fueconorg-5201	190	3	the	the	DET
fueconorg-5201	190	4	hypothesis	hypothesis	NOUN
fueconorg-5201	190	5	that	that	PRON
fueconorg-5201	190	6	bid	bid	VERB
fueconorg-5201	190	7	premiums	premium	NOUN
fueconorg-5201	190	8	calculated	calculate	VERB
fueconorg-5201	190	9	prior	prior	ADV
fueconorg-5201	190	10	to	to	ADP
fueconorg-5201	190	11	the	the	DET
fueconorg-5201	190	12	official	official	ADJ
fueconorg-5201	190	13	m&a	m&a	PROPN
fueconorg-5201	190	14	announcement	announcement	NOUN
fueconorg-5201	190	15	involving	involve	VERB
fueconorg-5201	190	16	strategic	strategic	ADJ
fueconorg-5201	190	17	buyers	buyer	NOUN
fueconorg-5201	190	18	as	as	SCONJ
fueconorg-5201	190	19	bidders	bidder	NOUN
fueconorg-5201	190	20	are	be	AUX
fueconorg-5201	190	21	statistically	statistically	ADV
fueconorg-5201	190	22	significantly	significantly	ADV
fueconorg-5201	190	23	higher	high	ADJ
fueconorg-5201	190	24	than	than	ADP
fueconorg-5201	190	25	such	such	ADJ
fueconorg-5201	190	26	transactions	transaction	NOUN
fueconorg-5201	190	27	with	with	ADP
fueconorg-5201	190	28	financial	financial	ADJ
fueconorg-5201	190	29	buyers	buyer	NOUN
fueconorg-5201	190	30	as	as	ADP
fueconorg-5201	190	31	bidders	bidder	NOUN
fueconorg-5201	190	32	.	.	PUNCT
fueconorg-5201	191	1	the	the	DET
fueconorg-5201	191	2	hypothesis	hypothesis	NOUN
fueconorg-5201	191	3	is	be	AUX
fueconorg-5201	191	4	confirmed	confirm	VERB
fueconorg-5201	191	5	at	at	ADP
fueconorg-5201	191	6	the	the	DET
fueconorg-5201	191	7	level	level	NOUN
fueconorg-5201	191	8	of	of	ADP
fueconorg-5201	191	9	the	the	DET
fueconorg-5201	191	10	entire	entire	ADJ
fueconorg-5201	191	11	sample	sample	NOUN
fueconorg-5201	191	12	(	(	PUNCT
fueconorg-5201	191	13	all	all	DET
fueconorg-5201	191	14	three	three	NUM
fueconorg-5201	191	15	periods	period	NOUN
fueconorg-5201	191	16	jointly	jointly	ADV
fueconorg-5201	191	17	)	)	PUNCT
fueconorg-5201	191	18	.	.	PUNCT
fueconorg-5201	192	1	such	such	DET
fueconorg-5201	192	2	a	a	DET
fueconorg-5201	192	3	result	result	NOUN
fueconorg-5201	192	4	unambiguously	unambiguously	ADV
fueconorg-5201	192	5	suggests	suggest	VERB
fueconorg-5201	192	6	that	that	SCONJ
fueconorg-5201	192	7	acquisition	acquisition	NOUN
fueconorg-5201	192	8	strategy	strategy	NOUN
fueconorg-5201	192	9	(	(	PUNCT
fueconorg-5201	192	10	expansion	expansion	NOUN
fueconorg-5201	192	11	or	or	CCONJ
fueconorg-5201	192	12	diversification	diversification	NOUN
fueconorg-5201	192	13	)	)	PUNCT
fueconorg-5201	192	14	has	have	VERB
fueconorg-5201	192	15	an	an	DET
fueconorg-5201	192	16	impact	impact	NOUN
fueconorg-5201	192	17	on	on	ADP
fueconorg-5201	192	18	the	the	DET
fueconorg-5201	192	19	bid	bid	NOUN
fueconorg-5201	192	20	premium	premium	NOUN
fueconorg-5201	192	21	amount	amount	NOUN
fueconorg-5201	192	22	as	as	ADV
fueconorg-5201	192	23	well	well	ADV
fueconorg-5201	192	24	as	as	ADP
fueconorg-5201	192	25	on	on	ADP
fueconorg-5201	192	26	the	the	DET
fueconorg-5201	192	27	willingness	willingness	NOUN
fueconorg-5201	192	28	to	to	PART
fueconorg-5201	192	29	offer	offer	VERB
fueconorg-5201	192	30	higher	high	ADJ
fueconorg-5201	192	31	premiums	premium	NOUN
fueconorg-5201	192	32	.	.	PUNCT
fueconorg-5201	193	1	these	these	DET
fueconorg-5201	193	2	higher	high	ADJ
fueconorg-5201	193	3	premiums	premium	NOUN
fueconorg-5201	193	4	should	should	AUX
fueconorg-5201	193	5	be	be	AUX
fueconorg-5201	193	6	justified	justify	VERB
fueconorg-5201	193	7	by	by	ADP
fueconorg-5201	193	8	the	the	DET
fueconorg-5201	193	9	“	"	PUNCT
fueconorg-5201	193	10	core	core	NOUN
fueconorg-5201	193	11	business	business	NOUN
fueconorg-5201	193	12	”	"	PUNCT
fueconorg-5201	193	13	strengthening	strengthen	VERB
fueconorg-5201	193	14	,	,	PUNCT
fueconorg-5201	193	15	strategic	strategic	ADJ
fueconorg-5201	193	16	fit	fit	ADJ
fueconorg-5201	193	17	activation	activation	NOUN
fueconorg-5201	193	18	and	and	CCONJ
fueconorg-5201	193	19	gaining	gain	VERB
fueconorg-5201	193	20	or	or	CCONJ
fueconorg-5201	193	21	increasing	increase	VERB
fueconorg-5201	193	22	of	of	ADP
fueconorg-5201	193	23	the	the	DET
fueconorg-5201	193	24	competitive	competitive	ADJ
fueconorg-5201	193	25	advantage	advantage	NOUN
fueconorg-5201	193	26	in	in	ADP
fueconorg-5201	193	27	the	the	DET
fueconorg-5201	193	28	process	process	NOUN
fueconorg-5201	193	29	of	of	ADP
fueconorg-5201	193	30	post	post	ADJ
fueconorg-5201	193	31	-	-	ADJ
fueconorg-5201	193	32	merger	merger	ADJ
fueconorg-5201	193	33	integration	integration	NOUN
fueconorg-5201	193	34	.	.	PUNCT
fueconorg-5201	194	1	when	when	SCONJ
fueconorg-5201	194	2	hypothesis	hypothesis	NOUN
fueconorg-5201	194	3	is	be	AUX
fueconorg-5201	194	4	tested	test	VERB
fueconorg-5201	194	5	on	on	ADP
fueconorg-5201	194	6	the	the	DET
fueconorg-5201	194	7	sub	sub	NOUN
fueconorg-5201	194	8	-	-	NOUN
fueconorg-5201	194	9	samples	sample	NOUN
fueconorg-5201	194	10	of	of	ADP
fueconorg-5201	194	11	pre	pre	ADJ
fueconorg-5201	194	12	-	-	ADJ
fueconorg-5201	194	13	confidence	confidence	ADJ
fueconorg-5201	194	14	decline	decline	NOUN
fueconorg-5201	194	15	and	and	CCONJ
fueconorg-5201	194	16	confidence	confidence	NOUN
fueconorg-5201	194	17	recovery	recovery	NOUN
fueconorg-5201	194	18	periods	period	NOUN
fueconorg-5201	194	19	,	,	PUNCT
fueconorg-5201	194	20	the	the	DET
fueconorg-5201	194	21	results	result	NOUN
fueconorg-5201	194	22	obtained	obtain	VERB
fueconorg-5201	194	23	are	be	AUX
fueconorg-5201	194	24	identical	identical	ADJ
fueconorg-5201	194	25	to	to	ADP
fueconorg-5201	194	26	those	those	PRON
fueconorg-5201	194	27	for	for	ADP
fueconorg-5201	194	28	the	the	DET
fueconorg-5201	194	29	entire	entire	ADJ
fueconorg-5201	194	30	sample	sample	NOUN
fueconorg-5201	194	31	.	.	PUNCT
fueconorg-5201	195	1	however	however	ADV
fueconorg-5201	195	2	,	,	PUNCT
fueconorg-5201	195	3	when	when	SCONJ
fueconorg-5201	195	4	we	we	PRON
fueconorg-5201	195	5	observe	observe	VERB
fueconorg-5201	195	6	transactions	transaction	NOUN
fueconorg-5201	195	7	performed	perform	VERB
fueconorg-5201	195	8	in	in	ADP
fueconorg-5201	195	9	the	the	DET
fueconorg-5201	195	10	crisis	crisis	NOUN
fueconorg-5201	195	11	period	period	NOUN
fueconorg-5201	195	12	,	,	PUNCT
fueconorg-5201	195	13	we	we	PRON
fueconorg-5201	195	14	come	come	VERB
fueconorg-5201	195	15	to	to	ADP
fueconorg-5201	195	16	a	a	DET
fueconorg-5201	195	17	conclusion	conclusion	NOUN
fueconorg-5201	195	18	that	that	SCONJ
fueconorg-5201	195	19	there	there	ADV
fueconorg-5201	195	20	why	why	SCONJ
fueconorg-5201	195	21	pay	pay	VERB
fueconorg-5201	195	22	more	more	ADJ
fueconorg-5201	195	23	–	–	PUNCT
fueconorg-5201	195	24	world	world	NOUN
fueconorg-5201	195	25	evidence	evidence	NOUN
fueconorg-5201	195	26	on	on	ADP
fueconorg-5201	195	27	m&a	m&a	PROPN
fueconorg-5201	195	28	bid	bid	NOUN
fueconorg-5201	195	29	premium	premium	NOUN
fueconorg-5201	195	30	determinants	determinant	NOUN
fueconorg-5201	195	31	311	311	NUM
fueconorg-5201	195	32	is	be	AUX
fueconorg-5201	195	33	no	no	DET
fueconorg-5201	195	34	statistically	statistically	ADV
fueconorg-5201	195	35	significant	significant	ADJ
fueconorg-5201	195	36	difference	difference	NOUN
fueconorg-5201	195	37	between	between	ADP
fueconorg-5201	195	38	the	the	DET
fueconorg-5201	195	39	bid	bid	NOUN
fueconorg-5201	195	40	premiums	premium	NOUN
fueconorg-5201	195	41	calculated	calculate	VERB
fueconorg-5201	195	42	prior	prior	ADV
fueconorg-5201	195	43	to	to	ADP
fueconorg-5201	195	44	the	the	DET
fueconorg-5201	195	45	m&a	m&a	PROPN
fueconorg-5201	195	46	announcement	announcement	NOUN
fueconorg-5201	195	47	in	in	ADP
fueconorg-5201	195	48	instances	instance	NOUN
fueconorg-5201	195	49	of	of	ADP
fueconorg-5201	195	50	strategic	strategic	ADJ
fueconorg-5201	195	51	buyers	buyer	NOUN
fueconorg-5201	195	52	as	as	ADP
fueconorg-5201	195	53	bidders	bidder	NOUN
fueconorg-5201	195	54	and	and	CCONJ
fueconorg-5201	195	55	those	those	PRON
fueconorg-5201	195	56	of	of	ADP
fueconorg-5201	195	57	financial	financial	ADJ
fueconorg-5201	195	58	buyers	buyer	NOUN
fueconorg-5201	195	59	as	as	ADP
fueconorg-5201	195	60	bidders	bidder	NOUN
fueconorg-5201	195	61	.	.	PUNCT
fueconorg-5201	196	1	this	this	PRON
fueconorg-5201	196	2	indicates	indicate	VERB
fueconorg-5201	196	3	that	that	SCONJ
fueconorg-5201	196	4	in	in	ADP
fueconorg-5201	196	5	periods	period	NOUN
fueconorg-5201	196	6	featuring	feature	VERB
fueconorg-5201	196	7	negative	negative	ADJ
fueconorg-5201	196	8	trends	trend	NOUN
fueconorg-5201	196	9	in	in	ADP
fueconorg-5201	196	10	the	the	DET
fueconorg-5201	196	11	stock	stock	NOUN
fueconorg-5201	196	12	markets	market	VERB
fueconorg-5201	196	13	the	the	DET
fueconorg-5201	196	14	values	value	NOUN
fueconorg-5201	196	15	of	of	ADP
fueconorg-5201	196	16	operating	operate	VERB
fueconorg-5201	196	17	and	and	CCONJ
fueconorg-5201	196	18	financial	financial	ADJ
fueconorg-5201	196	19	synergies	synergy	NOUN
fueconorg-5201	196	20	become	become	VERB
fueconorg-5201	196	21	convergent	convergent	ADJ
fueconorg-5201	196	22	.	.	PUNCT
fueconorg-5201	197	1	a	a	DET
fueconorg-5201	197	2	relevant	relevant	ADJ
fueconorg-5201	197	3	study	study	NOUN
fueconorg-5201	197	4	of	of	ADP
fueconorg-5201	197	5	j.p	j.p	PROPN
fueconorg-5201	197	6	.	.	PROPN
fueconorg-5201	197	7	morgan	morgan	PROPN
fueconorg-5201	197	8	that	that	PRON
fueconorg-5201	197	9	was	be	AUX
fueconorg-5201	197	10	focused	focus	VERB
fueconorg-5201	197	11	on	on	ADP
fueconorg-5201	197	12	the	the	DET
fueconorg-5201	197	13	research	research	NOUN
fueconorg-5201	197	14	of	of	ADP
fueconorg-5201	197	15	m&a	m&a	PROPN
fueconorg-5201	197	16	characteristics	characteristic	NOUN
fueconorg-5201	197	17	in	in	ADP
fueconorg-5201	197	18	the	the	DET
fueconorg-5201	197	19	crisis	crisis	NOUN
fueconorg-5201	197	20	periods	period	NOUN
fueconorg-5201	197	21	found	find	VERB
fueconorg-5201	197	22	that	that	SCONJ
fueconorg-5201	197	23	,	,	PUNCT
fueconorg-5201	197	24	even	even	ADV
fueconorg-5201	197	25	in	in	ADP
fueconorg-5201	197	26	such	such	ADJ
fueconorg-5201	197	27	circumstances	circumstance	NOUN
fueconorg-5201	197	28	,	,	PUNCT
fueconorg-5201	197	29	due	due	ADP
fueconorg-5201	197	30	to	to	ADP
fueconorg-5201	197	31	a	a	DET
fueconorg-5201	197	32	more	more	ADV
fueconorg-5201	197	33	difficult	difficult	ADJ
fueconorg-5201	197	34	access	access	NOUN
fueconorg-5201	197	35	to	to	ADP
fueconorg-5201	197	36	the	the	DET
fueconorg-5201	197	37	stock	stock	NOUN
fueconorg-5201	197	38	market	market	NOUN
fueconorg-5201	197	39	and	and	CCONJ
fueconorg-5201	197	40	due	due	ADJ
fueconorg-5201	197	41	to	to	ADP
fueconorg-5201	197	42	higher	high	ADJ
fueconorg-5201	197	43	capital	capital	NOUN
fueconorg-5201	197	44	costs	cost	NOUN
fueconorg-5201	197	45	,	,	PUNCT
fueconorg-5201	197	46	companies	company	NOUN
fueconorg-5201	197	47	much	much	ADV
fueconorg-5201	197	48	more	more	ADJ
fueconorg-5201	197	49	turn	turn	NOUN
fueconorg-5201	197	50	to	to	ADP
fueconorg-5201	197	51	achievement	achievement	NOUN
fueconorg-5201	197	52	of	of	ADP
fueconorg-5201	197	53	financial	financial	ADJ
fueconorg-5201	197	54	synergies	synergy	NOUN
fueconorg-5201	197	55	(	(	PUNCT
fueconorg-5201	197	56	j.p.morgan	j.p.morgan	PROPN
fueconorg-5201	197	57	,	,	PUNCT
fueconorg-5201	197	58	2009	2009	NUM
fueconorg-5201	197	59	)	)	PUNCT
fueconorg-5201	197	60	.	.	PUNCT
fueconorg-5201	198	1	when	when	SCONJ
fueconorg-5201	198	2	it	it	PRON
fueconorg-5201	198	3	comes	come	VERB
fueconorg-5201	198	4	to	to	ADP
fueconorg-5201	198	5	the	the	DET
fueconorg-5201	198	6	market	market	NOUN
fueconorg-5201	198	7	response	response	NOUN
fueconorg-5201	198	8	to	to	ADP
fueconorg-5201	198	9	the	the	DET
fueconorg-5201	198	10	transaction	transaction	NOUN
fueconorg-5201	198	11	announcement	announcement	NOUN
fueconorg-5201	198	12	depending	depend	VERB
fueconorg-5201	198	13	on	on	ADP
fueconorg-5201	198	14	the	the	DET
fueconorg-5201	198	15	primary	primary	ADJ
fueconorg-5201	198	16	acquisition	acquisition	NOUN
fueconorg-5201	198	17	motive	motive	NOUN
fueconorg-5201	198	18	,	,	PUNCT
fueconorg-5201	198	19	viewed	view	VERB
fueconorg-5201	198	20	at	at	ADP
fueconorg-5201	198	21	the	the	DET
fueconorg-5201	198	22	entire	entire	ADJ
fueconorg-5201	198	23	sample	sample	NOUN
fueconorg-5201	198	24	level	level	NOUN
fueconorg-5201	198	25	,	,	PUNCT
fueconorg-5201	198	26	the	the	DET
fueconorg-5201	198	27	market	market	NOUN
fueconorg-5201	198	28	makes	make	VERB
fueconorg-5201	198	29	no	no	DET
fueconorg-5201	198	30	distinction	distinction	NOUN
fueconorg-5201	198	31	between	between	ADP
fueconorg-5201	198	32	strategic	strategic	ADJ
fueconorg-5201	198	33	and	and	CCONJ
fueconorg-5201	198	34	financial	financial	ADJ
fueconorg-5201	198	35	buyers	buyer	NOUN
fueconorg-5201	198	36	and	and	CCONJ
fueconorg-5201	198	37	perceives	perceive	VERB
fueconorg-5201	198	38	both	both	DET
fueconorg-5201	198	39	types	type	NOUN
fueconorg-5201	198	40	of	of	ADP
fueconorg-5201	198	41	bidders	bidder	NOUN
fueconorg-5201	198	42	as	as	ADP
fueconorg-5201	198	43	offering	offer	VERB
fueconorg-5201	198	44	unjustifiably	unjustifiably	ADV
fueconorg-5201	198	45	high	high	ADJ
fueconorg-5201	198	46	bid	bid	NOUN
fueconorg-5201	198	47	premiums	premium	NOUN
fueconorg-5201	198	48	.	.	PUNCT
fueconorg-5201	199	1	however	however	ADV
fueconorg-5201	199	2	,	,	PUNCT
fueconorg-5201	199	3	somewhat	somewhat	ADV
fueconorg-5201	199	4	different	different	ADJ
fueconorg-5201	199	5	conclusions	conclusion	NOUN
fueconorg-5201	199	6	imposed	impose	VERB
fueconorg-5201	199	7	on	on	ADP
fueconorg-5201	199	8	us	we	PRON
fueconorg-5201	199	9	upon	upon	SCONJ
fueconorg-5201	199	10	separate	separate	ADJ
fueconorg-5201	199	11	testing	testing	NOUN
fueconorg-5201	199	12	of	of	ADP
fueconorg-5201	199	13	the	the	DET
fueconorg-5201	199	14	sub	sub	NOUN
fueconorg-5201	199	15	-	-	NOUN
fueconorg-5201	199	16	samples	sample	NOUN
fueconorg-5201	199	17	.	.	PUNCT
fueconorg-5201	200	1	in	in	ADP
fueconorg-5201	200	2	similarity	similarity	NOUN
fueconorg-5201	200	3	to	to	ADP
fueconorg-5201	200	4	the	the	DET
fueconorg-5201	200	5	analysis	analysis	NOUN
fueconorg-5201	200	6	of	of	ADP
fueconorg-5201	200	7	the	the	DET
fueconorg-5201	200	8	impact	impact	NOUN
fueconorg-5201	200	9	of	of	ADP
fueconorg-5201	200	10	the	the	DET
fueconorg-5201	200	11	payment	payment	NOUN
fueconorg-5201	200	12	method	method	NOUN
fueconorg-5201	200	13	,	,	PUNCT
fueconorg-5201	200	14	here	here	ADV
fueconorg-5201	200	15	as	as	ADV
fueconorg-5201	200	16	well	well	ADV
fueconorg-5201	200	17	the	the	DET
fueconorg-5201	200	18	market	market	NOUN
fueconorg-5201	200	19	sees	see	VERB
fueconorg-5201	200	20	prices	price	NOUN
fueconorg-5201	200	21	offered	offer	VERB
fueconorg-5201	200	22	by	by	ADP
fueconorg-5201	200	23	bidders	bidder	NOUN
fueconorg-5201	200	24	as	as	ADP
fueconorg-5201	200	25	unrealistically	unrealistically	ADV
fueconorg-5201	200	26	high	high	ADJ
fueconorg-5201	200	27	in	in	ADP
fueconorg-5201	200	28	the	the	DET
fueconorg-5201	200	29	crisis	crisis	NOUN
fueconorg-5201	200	30	period	period	NOUN
fueconorg-5201	200	31	,	,	PUNCT
fueconorg-5201	200	32	irrespective	irrespective	ADV
fueconorg-5201	200	33	of	of	ADP
fueconorg-5201	200	34	the	the	DET
fueconorg-5201	200	35	motive	motive	NOUN
fueconorg-5201	200	36	for	for	ADP
fueconorg-5201	200	37	entering	enter	VERB
fueconorg-5201	200	38	the	the	DET
fueconorg-5201	200	39	transaction	transaction	NOUN
fueconorg-5201	200	40	.	.	PUNCT
fueconorg-5201	201	1	this	this	PRON
fueconorg-5201	201	2	may	may	AUX
fueconorg-5201	201	3	be	be	AUX
fueconorg-5201	201	4	attributable	attributable	ADJ
fueconorg-5201	201	5	to	to	ADP
fueconorg-5201	201	6	the	the	DET
fueconorg-5201	201	7	higher	high	ADJ
fueconorg-5201	201	8	market	market	NOUN
fueconorg-5201	201	9	skepticism	skepticism	NOUN
fueconorg-5201	201	10	as	as	ADP
fueconorg-5201	201	11	to	to	ADP
fueconorg-5201	201	12	whether	whether	SCONJ
fueconorg-5201	201	13	the	the	DET
fueconorg-5201	201	14	announced	announce	VERB
fueconorg-5201	201	15	transactions	transaction	NOUN
fueconorg-5201	201	16	will	will	AUX
fueconorg-5201	201	17	be	be	AUX
fueconorg-5201	201	18	realized	realize	VERB
fueconorg-5201	201	19	.	.	PUNCT
fueconorg-5201	202	1	moreover	moreover	ADV
fueconorg-5201	202	2	,	,	PUNCT
fueconorg-5201	202	3	upon	upon	SCONJ
fueconorg-5201	202	4	respective	respective	ADJ
fueconorg-5201	202	5	analyses	analysis	NOUN
fueconorg-5201	202	6	of	of	ADP
fueconorg-5201	202	7	the	the	DET
fueconorg-5201	202	8	preconfidence	preconfidence	NOUN
fueconorg-5201	202	9	decline	decline	NOUN
fueconorg-5201	202	10	period	period	NOUN
fueconorg-5201	202	11	and	and	CCONJ
fueconorg-5201	202	12	the	the	DET
fueconorg-5201	202	13	recovery	recovery	NOUN
fueconorg-5201	202	14	period	period	NOUN
fueconorg-5201	202	15	,	,	PUNCT
fueconorg-5201	202	16	we	we	PRON
fueconorg-5201	202	17	observe	observe	VERB
fueconorg-5201	202	18	that	that	SCONJ
fueconorg-5201	202	19	the	the	DET
fueconorg-5201	202	20	+30	+30	ADJ
fueconorg-5201	202	21	bid	bid	NOUN
fueconorg-5201	202	22	premium	premium	NOUN
fueconorg-5201	202	23	was	be	AUX
fueconorg-5201	202	24	statistically	statistically	ADV
fueconorg-5201	202	25	significantly	significantly	ADV
fueconorg-5201	202	26	above	above	ADP
fueconorg-5201	202	27	zero	zero	NUM
fueconorg-5201	202	28	only	only	ADV
fueconorg-5201	202	29	when	when	SCONJ
fueconorg-5201	202	30	strategic	strategic	ADJ
fueconorg-5201	202	31	buyers	buyer	NOUN
fueconorg-5201	202	32	appeared	appear	VERB
fueconorg-5201	202	33	as	as	ADP
fueconorg-5201	202	34	bidders	bidder	NOUN
fueconorg-5201	202	35	.	.	PUNCT
fueconorg-5201	203	1	on	on	ADP
fueconorg-5201	203	2	the	the	DET
fueconorg-5201	203	3	other	other	ADJ
fueconorg-5201	203	4	hand	hand	NOUN
fueconorg-5201	203	5	,	,	PUNCT
fueconorg-5201	203	6	in	in	ADP
fueconorg-5201	203	7	transactions	transaction	NOUN
fueconorg-5201	203	8	involving	involve	VERB
fueconorg-5201	203	9	financial	financial	ADJ
fueconorg-5201	203	10	buyers	buyer	NOUN
fueconorg-5201	203	11	as	as	ADP
fueconorg-5201	203	12	bidders	bidder	NOUN
fueconorg-5201	203	13	,	,	PUNCT
fueconorg-5201	203	14	the	the	DET
fueconorg-5201	203	15	bid	bid	NOUN
fueconorg-5201	203	16	premium	premium	NOUN
fueconorg-5201	203	17	values	value	NOUN
fueconorg-5201	203	18	did	do	AUX
fueconorg-5201	203	19	not	not	PART
fueconorg-5201	203	20	differ	differ	VERB
fueconorg-5201	203	21	statistically	statistically	ADV
fueconorg-5201	203	22	significantly	significantly	ADV
fueconorg-5201	203	23	from	from	ADP
fueconorg-5201	203	24	zero	zero	NUM
fueconorg-5201	203	25	.	.	PUNCT
fueconorg-5201	204	1	therefore	therefore	ADV
fueconorg-5201	204	2	,	,	PUNCT
fueconorg-5201	204	3	we	we	PRON
fueconorg-5201	204	4	may	may	AUX
fueconorg-5201	204	5	ultimately	ultimately	ADV
fueconorg-5201	204	6	table	table	VERB
fueconorg-5201	204	7	5	5	NUM
fueconorg-5201	204	8	bid	bid	NOUN
fueconorg-5201	204	9	premium	premium	NOUN
fueconorg-5201	204	10	in	in	ADP
fueconorg-5201	204	11	regard	regard	NOUN
fueconorg-5201	204	12	to	to	ADP
fueconorg-5201	204	13	payment	payment	NOUN
fueconorg-5201	204	14	method	method	NOUN
fueconorg-5201	204	15	and	and	CCONJ
fueconorg-5201	204	16	the	the	DET
fueconorg-5201	204	17	motive	motive	NOUN
fueconorg-5201	204	18	for	for	ADP
fueconorg-5201	204	19	entering	enter	VERB
fueconorg-5201	204	20	the	the	DET
fueconorg-5201	204	21	transaction	transaction	NOUN
fueconorg-5201	204	22	independent	independent	ADJ
fueconorg-5201	204	23	samples	sample	NOUN
fueconorg-5201	204	24	test	test	VERB
fueconorg-5201	204	25	meanstrategic	meanstrategic	NOUN
fueconorg-5201	204	26	meanfinancial	meanfinancial	PROPN
fueconorg-5201	204	27	t	t	PROPN
fueconorg-5201	204	28	statistic	statistic	PROPN
fueconorg-5201	204	29	sig	sig	PROPN
fueconorg-5201	204	30	.	.	PUNCT
fueconorg-5201	205	1	(	(	PUNCT
fueconorg-5201	205	2	2	2	NUM
fueconorg-5201	205	3	-	-	PUNCT
fueconorg-5201	205	4	tailed	tail	VERB
fueconorg-5201	205	5	)	)	PUNCT
fueconorg-5201	205	6	for	for	ADP
fueconorg-5201	205	7	the	the	DET
fueconorg-5201	205	8	entire	entire	ADJ
fueconorg-5201	205	9	sample	sample	NOUN
fueconorg-5201	205	10	bid	bid	NOUN
fueconorg-5201	205	11	premia	premia	PROPN
fueconorg-5201	205	12	share	share	NOUN
fueconorg-5201	205	13	price	price	NOUN
fueconorg-5201	205	14	-30	-30	NUM
fueconorg-5201	205	15	0.3532	0.3532	NUM
fueconorg-5201	205	16	0.2632	0.2632	NUM
fueconorg-5201	205	17	3.255	3.255	NUM
fueconorg-5201	205	18	0.001	0.001	NUM
fueconorg-5201	205	19	bid	bid	NOUN
fueconorg-5201	205	20	premia	premia	PROPN
fueconorg-5201	205	21	share	share	NOUN
fueconorg-5201	205	22	price	price	NOUN
fueconorg-5201	205	23	+30	+30	NOUN
fueconorg-5201	206	1	0.0663	0.0663	NUM
fueconorg-5201	206	2	0.0246	0.0246	NUM
fueconorg-5201	206	3	2.026	2.026	NUM
fueconorg-5201	206	4	0.043	0.043	NUM
fueconorg-5201	206	5	pre	pre	ADJ
fueconorg-5201	206	6	-	-	ADJ
fueconorg-5201	206	7	confidence	confidence	ADJ
fueconorg-5201	206	8	decline	decline	NOUN
fueconorg-5201	206	9	period	period	NOUN
fueconorg-5201	206	10	bid	bid	NOUN
fueconorg-5201	206	11	premia	premia	PROPN
fueconorg-5201	206	12	share	share	NOUN
fueconorg-5201	206	13	price	price	NOUN
fueconorg-5201	206	14	-30	-30	NUM
fueconorg-5201	206	15	0.3103	0.3103	NUM
fueconorg-5201	206	16	0.2026	0.2026	NUM
fueconorg-5201	206	17	2.356	2.356	NUM
fueconorg-5201	206	18	0.021	0.021	NUM
fueconorg-5201	206	19	bid	bid	NOUN
fueconorg-5201	206	20	premia	premia	PROPN
fueconorg-5201	206	21	share	share	NOUN
fueconorg-5201	206	22	price	price	NOUN
fueconorg-5201	206	23	+30	+30	NOUN
fueconorg-5201	206	24	0.0510	0.0510	NUM
fueconorg-5201	206	25	-0.0054	-0.0054	NOUN
fueconorg-5201	206	26	1.292	1.292	NUM
fueconorg-5201	206	27	0.198	0.198	NUM
fueconorg-5201	206	28	crisis	crisis	NOUN
fueconorg-5201	206	29	period	period	NOUN
fueconorg-5201	206	30	bid	bid	NOUN
fueconorg-5201	206	31	premia	premia	PROPN
fueconorg-5201	206	32	share	share	NOUN
fueconorg-5201	206	33	price	price	NOUN
fueconorg-5201	206	34	-30	-30	NUM
fueconorg-5201	206	35	0.3517	0.3517	NUM
fueconorg-5201	206	36	0.2857	0.2857	NUM
fueconorg-5201	206	37	1.303	1.303	NUM
fueconorg-5201	206	38	0.194	0.194	NUM
fueconorg-5201	206	39	bid	bid	NOUN
fueconorg-5201	206	40	premia	premia	PROPN
fueconorg-5201	206	41	share	share	NOUN
fueconorg-5201	206	42	price	price	NOUN
fueconorg-5201	206	43	+30	+30	NOUN
fueconorg-5201	206	44	0.0692	0.0692	NUM
fueconorg-5201	206	45	0.0565	0.0565	NUM
fueconorg-5201	206	46	0.465	0.465	NUM
fueconorg-5201	206	47	0.643	0.643	NUM
fueconorg-5201	206	48	confidence	confidence	NOUN
fueconorg-5201	206	49	recovery	recovery	NOUN
fueconorg-5201	206	50	period	period	NOUN
fueconorg-5201	206	51	bid	bid	VERB
fueconorg-5201	206	52	premia	premia	PROPN
fueconorg-5201	206	53	share	share	NOUN
fueconorg-5201	206	54	price	price	NOUN
fueconorg-5201	206	55	-30	-30	NUM
fueconorg-5201	206	56	0.3961	0.3961	NUM
fueconorg-5201	206	57	0.2780	0.2780	NUM
fueconorg-5201	206	58	2.167	2.167	NUM
fueconorg-5201	206	59	0.031	0.031	NUM
fueconorg-5201	206	60	bid	bid	NOUN
fueconorg-5201	206	61	premia	premia	PROPN
fueconorg-5201	206	62	share	share	NOUN
fueconorg-5201	206	63	price	price	NOUN
fueconorg-5201	206	64	+30	+30	NOUN
fueconorg-5201	206	65	0.0769	0.0769	NUM
fueconorg-5201	206	66	0.0120	0.0120	NUM
fueconorg-5201	206	67	0.745	0.745	NUM
fueconorg-5201	206	68	0.457	0.457	NUM
fueconorg-5201	206	69	one	one	NUM
fueconorg-5201	206	70	sample	sample	NOUN
fueconorg-5201	206	71	statistics	statistic	NOUN
fueconorg-5201	206	72	(	(	PUNCT
fueconorg-5201	206	73	t=0	t=0	PROPN
fueconorg-5201	206	74	)	)	PUNCT
fueconorg-5201	206	75	t	t	PROPN
fueconorg-5201	206	76	statistic	statistic	PROPN
fueconorg-5201	206	77	sig	sig	PROPN
fueconorg-5201	206	78	.	.	PUNCT
fueconorg-5201	207	1	(	(	PUNCT
fueconorg-5201	207	2	2	2	NUM
fueconorg-5201	207	3	-	-	PUNCT
fueconorg-5201	207	4	tailed	tail	VERB
fueconorg-5201	207	5	)	)	PUNCT
fueconorg-5201	207	6	for	for	ADP
fueconorg-5201	207	7	the	the	DET
fueconorg-5201	207	8	entire	entire	ADJ
fueconorg-5201	207	9	sample	sample	NOUN
fueconorg-5201	207	10	bid	bid	NOUN
fueconorg-5201	207	11	premia	premia	PROPN
fueconorg-5201	207	12	share	share	NOUN
fueconorg-5201	207	13	price	price	NOUN
fueconorg-5201	207	14	+30	+30	NOUN
fueconorg-5201	207	15	(	(	PUNCT
fueconorg-5201	207	16	strategic	strategic	ADJ
fueconorg-5201	207	17	)	)	PUNCT
fueconorg-5201	207	18	3.836	3.836	NUM
fueconorg-5201	207	19	0.000	0.000	NUM
fueconorg-5201	208	1	bid	bid	NOUN
fueconorg-5201	208	2	premia	premia	PROPN
fueconorg-5201	208	3	share	share	NOUN
fueconorg-5201	208	4	price	price	NOUN
fueconorg-5201	208	5	+30	+30	NOUN
fueconorg-5201	208	6	(	(	PUNCT
fueconorg-5201	208	7	financial	financial	ADJ
fueconorg-5201	208	8	)	)	PUNCT
fueconorg-5201	208	9	2.192	2.192	NUM
fueconorg-5201	208	10	0.030	0.030	NUM
fueconorg-5201	208	11	pre	pre	ADJ
fueconorg-5201	208	12	-	-	ADJ
fueconorg-5201	208	13	confidence	confidence	ADJ
fueconorg-5201	208	14	decline	decline	NOUN
fueconorg-5201	208	15	period	period	NOUN
fueconorg-5201	208	16	bid	bid	NOUN
fueconorg-5201	208	17	premia	premia	PROPN
fueconorg-5201	208	18	share	share	NOUN
fueconorg-5201	208	19	price	price	NOUN
fueconorg-5201	208	20	+30	+30	NOUN
fueconorg-5201	208	21	(	(	PUNCT
fueconorg-5201	208	22	strategic	strategic	ADJ
fueconorg-5201	208	23	)	)	PUNCT
fueconorg-5201	208	24	2.545	2.545	NUM
fueconorg-5201	208	25	0.012	0.012	NUM
fueconorg-5201	208	26	bid	bid	NOUN
fueconorg-5201	208	27	premia	premia	PROPN
fueconorg-5201	208	28	share	share	NOUN
fueconorg-5201	208	29	price	price	NOUN
fueconorg-5201	208	30	+30	+30	NOUN
fueconorg-5201	208	31	(	(	PUNCT
fueconorg-5201	208	32	financial	financial	ADJ
fueconorg-5201	208	33	)	)	PUNCT
fueconorg-5201	208	34	-0.339	-0.339	PUNCT
fueconorg-5201	208	35	0.737	0.737	NUM
fueconorg-5201	208	36	crisis	crisis	NOUN
fueconorg-5201	208	37	period	period	NOUN
fueconorg-5201	208	38	bid	bid	NOUN
fueconorg-5201	208	39	premia	premia	PROPN
fueconorg-5201	208	40	share	share	NOUN
fueconorg-5201	208	41	price	price	NOUN
fueconorg-5201	208	42	+30	+30	NOUN
fueconorg-5201	208	43	(	(	PUNCT
fueconorg-5201	208	44	strategic	strategic	ADJ
fueconorg-5201	208	45	)	)	PUNCT
fueconorg-5201	208	46	5.755	5.755	NUM
fueconorg-5201	208	47	0.000	0.000	NUM
fueconorg-5201	208	48	bid	bid	NOUN
fueconorg-5201	208	49	premia	premia	PROPN
fueconorg-5201	208	50	share	share	NOUN
fueconorg-5201	208	51	price	price	NOUN
fueconorg-5201	208	52	+30	+30	NOUN
fueconorg-5201	208	53	(	(	PUNCT
fueconorg-5201	208	54	financial	financial	ADJ
fueconorg-5201	208	55	)	)	PUNCT
fueconorg-5201	208	56	2.171	2.171	NUM
fueconorg-5201	208	57	0.034	0.034	NUM
fueconorg-5201	208	58	confidence	confidence	NOUN
fueconorg-5201	208	59	recovery	recovery	NOUN
fueconorg-5201	208	60	period	period	NOUN
fueconorg-5201	208	61	bid	bid	VERB
fueconorg-5201	208	62	premia	premia	PROPN
fueconorg-5201	208	63	share	share	NOUN
fueconorg-5201	208	64	price	price	NOUN
fueconorg-5201	208	65	+30	+30	NOUN
fueconorg-5201	208	66	(	(	PUNCT
fueconorg-5201	208	67	strategic	strategic	ADJ
fueconorg-5201	208	68	)	)	PUNCT
fueconorg-5201	208	69	1.507	1.507	NUM
fueconorg-5201	208	70	0.134	0.134	NUM
fueconorg-5201	208	71	bid	bid	NOUN
fueconorg-5201	208	72	premia	premia	PROPN
fueconorg-5201	208	73	share	share	NOUN
fueconorg-5201	208	74	price	price	NOUN
fueconorg-5201	208	75	+30	+30	NOUN
fueconorg-5201	208	76	(	(	PUNCT
fueconorg-5201	208	77	financial	financial	ADJ
fueconorg-5201	208	78	)	)	PUNCT
fueconorg-5201	208	79	1.234	1.234	NUM
fueconorg-5201	208	80	0.221	0.221	NUM
fueconorg-5201	208	81	source	source	NOUN
fueconorg-5201	208	82	:	:	PUNCT
fueconorg-5201	208	83	authors	author	NOUN
fueconorg-5201	208	84	’	'	PUNCT
fueconorg-5201	208	85	calculation	calculation	NOUN
fueconorg-5201	208	86	312	312	NUM
fueconorg-5201	208	87	m.	m.	NOUN
fueconorg-5201	208	88	živanović	živanović	NOUN
fueconorg-5201	208	89	,	,	PUNCT
fueconorg-5201	208	90	n.	n.	PROPN
fueconorg-5201	208	91	džudović	džudović	PROPN
fueconorg-5201	208	92	conclude	conclude	VERB
fueconorg-5201	208	93	that	that	SCONJ
fueconorg-5201	208	94	the	the	DET
fueconorg-5201	208	95	strategically	strategically	ADV
fueconorg-5201	208	96	oriented	orient	VERB
fueconorg-5201	208	97	bidders	bidder	NOUN
fueconorg-5201	208	98	overestimate	overestimate	VERB
fueconorg-5201	208	99	the	the	DET
fueconorg-5201	208	100	expected	expect	VERB
fueconorg-5201	208	101	synergy	synergy	NOUN
fueconorg-5201	208	102	effects	effect	NOUN
fueconorg-5201	208	103	on	on	ADP
fueconorg-5201	208	104	the	the	DET
fueconorg-5201	208	105	average	average	NOUN
fueconorg-5201	208	106	and	and	CCONJ
fueconorg-5201	208	107	offer	offer	VERB
fueconorg-5201	208	108	unrealistically	unrealistically	ADV
fueconorg-5201	208	109	high	high	ADJ
fueconorg-5201	208	110	premiums	premium	NOUN
fueconorg-5201	208	111	irrespective	irrespective	ADV
fueconorg-5201	208	112	of	of	ADP
fueconorg-5201	208	113	the	the	DET
fueconorg-5201	208	114	current	current	ADJ
fueconorg-5201	208	115	stock	stock	NOUN
fueconorg-5201	208	116	market	market	NOUN
fueconorg-5201	208	117	trends	trend	NOUN
fueconorg-5201	208	118	,	,	PUNCT
fueconorg-5201	208	119	while	while	SCONJ
fueconorg-5201	208	120	bidders	bidder	NOUN
fueconorg-5201	208	121	focused	focus	VERB
fueconorg-5201	208	122	on	on	ADP
fueconorg-5201	208	123	financial	financial	ADJ
fueconorg-5201	208	124	synergies	synergy	NOUN
fueconorg-5201	208	125	on	on	ADP
fueconorg-5201	208	126	the	the	DET
fueconorg-5201	208	127	average	average	NOUN
fueconorg-5201	208	128	,	,	PUNCT
fueconorg-5201	208	129	save	save	VERB
fueconorg-5201	208	130	in	in	ADP
fueconorg-5201	208	131	the	the	DET
fueconorg-5201	208	132	crisis	crisis	NOUN
fueconorg-5201	208	133	periods	period	NOUN
fueconorg-5201	208	134	,	,	PUNCT
fueconorg-5201	208	135	adequately	adequately	ADV
fueconorg-5201	208	136	value	value	VERB
fueconorg-5201	208	137	the	the	DET
fueconorg-5201	208	138	premiums	premium	NOUN
fueconorg-5201	208	139	they	they	PRON
fueconorg-5201	208	140	offer	offer	VERB
fueconorg-5201	208	141	for	for	ADP
fueconorg-5201	208	142	takeover	takeover	NOUN
fueconorg-5201	208	143	of	of	ADP
fueconorg-5201	208	144	control	control	NOUN
fueconorg-5201	208	145	.	.	PUNCT
fueconorg-5201	209	1	5	5	X
fueconorg-5201	209	2	.	.	X
fueconorg-5201	209	3	conclusion	conclusion	NOUN
fueconorg-5201	209	4	the	the	DET
fueconorg-5201	209	5	research	research	NOUN
fueconorg-5201	209	6	demonstrates	demonstrate	VERB
fueconorg-5201	209	7	that	that	SCONJ
fueconorg-5201	209	8	in	in	ADP
fueconorg-5201	209	9	the	the	DET
fueconorg-5201	209	10	crisis	crisis	NOUN
fueconorg-5201	209	11	and	and	CCONJ
fueconorg-5201	209	12	confidence	confidence	NOUN
fueconorg-5201	209	13	recovery	recovery	NOUN
fueconorg-5201	209	14	periods	period	NOUN
fueconorg-5201	209	15	there	there	PRON
fueconorg-5201	209	16	are	be	VERB
fueconorg-5201	209	17	phenomena	phenomenon	NOUN
fueconorg-5201	209	18	of	of	ADP
fueconorg-5201	209	19	the	the	DET
fueconorg-5201	209	20	information	information	NOUN
fueconorg-5201	209	21	“	"	PUNCT
fueconorg-5201	209	22	leakage	leakage	NOUN
fueconorg-5201	209	23	”	"	PUNCT
fueconorg-5201	209	24	and	and	CCONJ
fueconorg-5201	209	25	insider	insider	NOUN
fueconorg-5201	209	26	trading	trading	NOUN
fueconorg-5201	209	27	in	in	ADP
fueconorg-5201	209	28	the	the	DET
fueconorg-5201	209	29	market	market	NOUN
fueconorg-5201	209	30	,	,	PUNCT
fueconorg-5201	209	31	which	which	PRON
fueconorg-5201	209	32	cause	cause	VERB
fueconorg-5201	209	33	underestimations	underestimation	NOUN
fueconorg-5201	209	34	of	of	ADP
fueconorg-5201	209	35	the	the	DET
fueconorg-5201	209	36	bid	bid	NOUN
fueconorg-5201	209	37	premium	premium	NOUN
fueconorg-5201	209	38	amounts	amount	NOUN
fueconorg-5201	209	39	calculated	calculate	VERB
fueconorg-5201	209	40	immediately	immediately	ADV
fueconorg-5201	209	41	before	before	ADP
fueconorg-5201	209	42	the	the	DET
fueconorg-5201	209	43	official	official	ADJ
fueconorg-5201	209	44	transaction	transaction	NOUN
fueconorg-5201	209	45	announcement	announcement	NOUN
fueconorg-5201	209	46	.	.	PUNCT
fueconorg-5201	210	1	however	however	ADV
fueconorg-5201	210	2	,	,	PUNCT
fueconorg-5201	210	3	analysis	analysis	NOUN
fueconorg-5201	210	4	of	of	ADP
fueconorg-5201	210	5	the	the	DET
fueconorg-5201	210	6	transactions	transaction	NOUN
fueconorg-5201	210	7	announced	announce	VERB
fueconorg-5201	210	8	in	in	ADP
fueconorg-5201	210	9	the	the	DET
fueconorg-5201	210	10	preconfidence	preconfidence	NOUN
fueconorg-5201	210	11	decline	decline	NOUN
fueconorg-5201	210	12	period	period	NOUN
fueconorg-5201	210	13	show	show	VERB
fueconorg-5201	210	14	that	that	SCONJ
fueconorg-5201	210	15	there	there	PRON
fueconorg-5201	210	16	is	be	VERB
fueconorg-5201	210	17	no	no	DET
fueconorg-5201	210	18	statistically	statistically	ADV
fueconorg-5201	210	19	significant	significant	ADJ
fueconorg-5201	210	20	difference	difference	NOUN
fueconorg-5201	210	21	between	between	ADP
fueconorg-5201	210	22	the	the	DET
fueconorg-5201	210	23	bid	bid	NOUN
fueconorg-5201	210	24	premium	premium	NOUN
fueconorg-5201	210	25	calculated	calculate	VERB
fueconorg-5201	210	26	30	30	NUM
fueconorg-5201	210	27	days	day	NOUN
fueconorg-5201	210	28	and	and	CCONJ
fueconorg-5201	210	29	those	those	PRON
fueconorg-5201	210	30	calculated	calculate	VERB
fueconorg-5201	210	31	1	1	NUM
fueconorg-5201	210	32	day	day	NOUN
fueconorg-5201	210	33	before	before	ADP
fueconorg-5201	210	34	the	the	DET
fueconorg-5201	210	35	official	official	ADJ
fueconorg-5201	210	36	transaction	transaction	NOUN
fueconorg-5201	210	37	announcement	announcement	NOUN
fueconorg-5201	210	38	.	.	PUNCT
fueconorg-5201	211	1	upon	upon	SCONJ
fueconorg-5201	211	2	analysis	analysis	NOUN
fueconorg-5201	211	3	of	of	ADP
fueconorg-5201	211	4	the	the	DET
fueconorg-5201	211	5	market	market	NOUN
fueconorg-5201	211	6	response	response	NOUN
fueconorg-5201	211	7	to	to	ADP
fueconorg-5201	211	8	the	the	DET
fueconorg-5201	211	9	official	official	ADJ
fueconorg-5201	211	10	transaction	transaction	NOUN
fueconorg-5201	211	11	announcement	announcement	NOUN
fueconorg-5201	211	12	,	,	PUNCT
fueconorg-5201	211	13	the	the	DET
fueconorg-5201	211	14	conclusion	conclusion	NOUN
fueconorg-5201	211	15	arrived	arrive	VERB
fueconorg-5201	211	16	at	at	ADP
fueconorg-5201	211	17	suggests	suggest	NOUN
fueconorg-5201	211	18	that	that	SCONJ
fueconorg-5201	211	19	,	,	PUNCT
fueconorg-5201	211	20	irrespective	irrespective	ADV
fueconorg-5201	211	21	of	of	ADP
fueconorg-5201	211	22	the	the	DET
fueconorg-5201	211	23	current	current	ADJ
fueconorg-5201	211	24	stock	stock	NOUN
fueconorg-5201	211	25	market	market	NOUN
fueconorg-5201	211	26	trends	trend	NOUN
fueconorg-5201	211	27	,	,	PUNCT
fueconorg-5201	211	28	the	the	DET
fueconorg-5201	211	29	target	target	NOUN
fueconorg-5201	211	30	shares	share	NOUN
fueconorg-5201	211	31	do	do	AUX
fueconorg-5201	211	32	not	not	PART
fueconorg-5201	211	33	reach	reach	VERB
fueconorg-5201	211	34	the	the	DET
fueconorg-5201	211	35	price	price	NOUN
fueconorg-5201	211	36	defined	define	VERB
fueconorg-5201	211	37	by	by	ADP
fueconorg-5201	211	38	the	the	DET
fueconorg-5201	211	39	takeover	takeover	NOUN
fueconorg-5201	211	40	bid	bid	NOUN
fueconorg-5201	211	41	.	.	PUNCT
fueconorg-5201	212	1	on	on	ADP
fueconorg-5201	212	2	one	one	NUM
fueconorg-5201	212	3	end	end	NOUN
fueconorg-5201	212	4	,	,	PUNCT
fueconorg-5201	212	5	these	these	DET
fueconorg-5201	212	6	results	result	NOUN
fueconorg-5201	212	7	may	may	AUX
fueconorg-5201	212	8	be	be	AUX
fueconorg-5201	212	9	interpreted	interpret	VERB
fueconorg-5201	212	10	in	in	ADP
fueconorg-5201	212	11	the	the	DET
fueconorg-5201	212	12	context	context	NOUN
fueconorg-5201	212	13	of	of	ADP
fueconorg-5201	212	14	the	the	DET
fueconorg-5201	212	15	market	market	NOUN
fueconorg-5201	212	16	’s	’s	PART
fueconorg-5201	212	17	inability	inability	NOUN
fueconorg-5201	212	18	to	to	PART
fueconorg-5201	212	19	incorporate	incorporate	VERB
fueconorg-5201	212	20	the	the	DET
fueconorg-5201	212	21	new	new	ADJ
fueconorg-5201	212	22	information	information	NOUN
fueconorg-5201	212	23	in	in	ADP
fueconorg-5201	212	24	the	the	DET
fueconorg-5201	212	25	target	target	NOUN
fueconorg-5201	212	26	share	share	NOUN
fueconorg-5201	212	27	prices	price	NOUN
fueconorg-5201	212	28	in	in	ADP
fueconorg-5201	212	29	the	the	DET
fueconorg-5201	212	30	relatively	relatively	ADV
fueconorg-5201	212	31	short	short	ADJ
fueconorg-5201	212	32	period	period	NOUN
fueconorg-5201	212	33	of	of	ADP
fueconorg-5201	212	34	30	30	NUM
fueconorg-5201	212	35	days	day	NOUN
fueconorg-5201	212	36	only	only	ADV
fueconorg-5201	212	37	.	.	PUNCT
fueconorg-5201	213	1	on	on	ADP
fueconorg-5201	213	2	the	the	DET
fueconorg-5201	213	3	other	other	ADJ
fueconorg-5201	213	4	,	,	PUNCT
fueconorg-5201	213	5	the	the	DET
fueconorg-5201	213	6	explanation	explanation	NOUN
fueconorg-5201	213	7	may	may	AUX
fueconorg-5201	213	8	be	be	AUX
fueconorg-5201	213	9	found	find	VERB
fueconorg-5201	213	10	in	in	ADP
fueconorg-5201	213	11	the	the	DET
fueconorg-5201	213	12	fact	fact	NOUN
fueconorg-5201	213	13	that	that	SCONJ
fueconorg-5201	213	14	,	,	PUNCT
fueconorg-5201	213	15	despite	despite	SCONJ
fueconorg-5201	213	16	the	the	DET
fueconorg-5201	213	17	adequate	adequate	ADJ
fueconorg-5201	213	18	and	and	CCONJ
fueconorg-5201	213	19	timely	timely	ADJ
fueconorg-5201	213	20	market	market	NOUN
fueconorg-5201	213	21	response	response	NOUN
fueconorg-5201	213	22	,	,	PUNCT
fueconorg-5201	213	23	the	the	DET
fueconorg-5201	213	24	target	target	NOUN
fueconorg-5201	213	25	share	share	NOUN
fueconorg-5201	213	26	prices	price	NOUN
fueconorg-5201	213	27	do	do	AUX
fueconorg-5201	213	28	not	not	PART
fueconorg-5201	213	29	reach	reach	VERB
fueconorg-5201	213	30	the	the	DET
fueconorg-5201	213	31	level	level	NOUN
fueconorg-5201	213	32	of	of	ADP
fueconorg-5201	213	33	the	the	DET
fueconorg-5201	213	34	prices	price	NOUN
fueconorg-5201	213	35	offered	offer	VERB
fueconorg-5201	213	36	because	because	SCONJ
fueconorg-5201	213	37	the	the	DET
fueconorg-5201	213	38	bidder	bidder	NOUN
fueconorg-5201	213	39	offered	offer	VERB
fueconorg-5201	213	40	an	an	DET
fueconorg-5201	213	41	unjustifiably	unjustifiably	ADV
fueconorg-5201	213	42	high	high	ADJ
fueconorg-5201	213	43	premium	premium	NOUN
fueconorg-5201	213	44	in	in	ADP
fueconorg-5201	213	45	a	a	DET
fueconorg-5201	213	46	particular	particular	ADJ
fueconorg-5201	213	47	transaction	transaction	NOUN
fueconorg-5201	213	48	.	.	PUNCT
fueconorg-5201	214	1	deepening	deepen	VERB
fueconorg-5201	214	2	our	our	PRON
fueconorg-5201	214	3	analysis	analysis	NOUN
fueconorg-5201	214	4	,	,	PUNCT
fueconorg-5201	214	5	rather	rather	ADV
fueconorg-5201	214	6	interestingly	interestingly	ADV
fueconorg-5201	214	7	,	,	PUNCT
fueconorg-5201	214	8	we	we	PRON
fueconorg-5201	214	9	identify	identify	VERB
fueconorg-5201	214	10	that	that	SCONJ
fueconorg-5201	214	11	the	the	DET
fueconorg-5201	214	12	highest	high	ADJ
fueconorg-5201	214	13	average	average	ADJ
fueconorg-5201	214	14	bid	bid	NOUN
fueconorg-5201	214	15	premium	premium	NOUN
fueconorg-5201	214	16	was	be	AUX
fueconorg-5201	214	17	recorded	record	VERB
fueconorg-5201	214	18	in	in	ADP
fueconorg-5201	214	19	transactions	transaction	NOUN
fueconorg-5201	214	20	involving	involve	VERB
fueconorg-5201	214	21	bidders	bidder	NOUN
fueconorg-5201	214	22	from	from	ADP
fueconorg-5201	214	23	developing	develop	VERB
fueconorg-5201	214	24	countries	country	NOUN
fueconorg-5201	214	25	and	and	CCONJ
fueconorg-5201	214	26	targets	target	NOUN
fueconorg-5201	214	27	from	from	ADP
fueconorg-5201	214	28	developed	develop	VERB
fueconorg-5201	214	29	economies	economy	NOUN
fueconorg-5201	214	30	.	.	PUNCT
fueconorg-5201	215	1	on	on	ADP
fueconorg-5201	215	2	the	the	DET
fueconorg-5201	215	3	other	other	ADJ
fueconorg-5201	215	4	hand	hand	NOUN
fueconorg-5201	215	5	,	,	PUNCT
fueconorg-5201	215	6	by	by	ADP
fueconorg-5201	215	7	examining	examine	VERB
fueconorg-5201	215	8	the	the	DET
fueconorg-5201	215	9	bid	bid	NOUN
fueconorg-5201	215	10	premium	premium	NOUN
fueconorg-5201	215	11	calculated	calculate	VERB
fueconorg-5201	215	12	at	at	ADP
fueconorg-5201	215	13	the	the	DET
fueconorg-5201	215	14	+30	+30	ADJ
fueconorg-5201	215	15	point	point	NOUN
fueconorg-5201	215	16	in	in	ADP
fueconorg-5201	215	17	time	time	NOUN
fueconorg-5201	215	18	,	,	PUNCT
fueconorg-5201	215	19	we	we	PRON
fueconorg-5201	215	20	identify	identify	VERB
fueconorg-5201	215	21	a	a	DET
fueconorg-5201	215	22	positive	positive	ADJ
fueconorg-5201	215	23	correlation	correlation	NOUN
fueconorg-5201	215	24	with	with	ADP
fueconorg-5201	215	25	the	the	DET
fueconorg-5201	215	26	competition	competition	NOUN
fueconorg-5201	215	27	level	level	NOUN
fueconorg-5201	215	28	in	in	ADP
fueconorg-5201	215	29	the	the	DET
fueconorg-5201	215	30	market	market	NOUN
fueconorg-5201	215	31	for	for	ADP
fueconorg-5201	215	32	corporate	corporate	ADJ
fueconorg-5201	215	33	control	control	NOUN
fueconorg-5201	215	34	,	,	PUNCT
fueconorg-5201	215	35	as	as	ADV
fueconorg-5201	215	36	well	well	ADV
fueconorg-5201	215	37	as	as	ADP
fueconorg-5201	215	38	a	a	DET
fueconorg-5201	215	39	strong	strong	ADJ
fueconorg-5201	215	40	influence	influence	NOUN
fueconorg-5201	215	41	of	of	ADP
fueconorg-5201	215	42	bidder	bidder	NOUN
fueconorg-5201	215	43	and	and	CCONJ
fueconorg-5201	215	44	target	target	VERB
fueconorg-5201	215	45	country	country	NOUN
fueconorg-5201	215	46	economic	economic	ADJ
fueconorg-5201	215	47	development	development	NOUN
fueconorg-5201	215	48	on	on	ADP
fueconorg-5201	215	49	the	the	DET
fueconorg-5201	215	50	determination	determination	NOUN
fueconorg-5201	215	51	of	of	ADP
fueconorg-5201	215	52	the	the	DET
fueconorg-5201	215	53	bid	bid	NOUN
fueconorg-5201	215	54	premium	premium	NOUN
fueconorg-5201	215	55	amount	amount	NOUN
fueconorg-5201	215	56	.	.	PUNCT
fueconorg-5201	216	1	additionally	additionally	ADV
fueconorg-5201	216	2	,	,	PUNCT
fueconorg-5201	216	3	we	we	PRON
fueconorg-5201	216	4	focus	focus	VERB
fueconorg-5201	216	5	on	on	ADP
fueconorg-5201	216	6	and	and	CCONJ
fueconorg-5201	216	7	selected	select	VERB
fueconorg-5201	216	8	payment	payment	NOUN
fueconorg-5201	216	9	method	method	NOUN
fueconorg-5201	216	10	as	as	ADV
fueconorg-5201	216	11	well	well	ADV
fueconorg-5201	216	12	as	as	ADP
fueconorg-5201	216	13	strategic	strategic	ADJ
fueconorg-5201	216	14	vs.	vs.	X
fueconorg-5201	216	15	financial	financial	ADJ
fueconorg-5201	216	16	takeovers	takeover	NOUN
fueconorg-5201	216	17	and	and	CCONJ
fueconorg-5201	216	18	find	find	VERB
fueconorg-5201	216	19	evidence	evidence	NOUN
fueconorg-5201	216	20	of	of	ADP
fueconorg-5201	216	21	different	different	ADJ
fueconorg-5201	216	22	behaviors	behavior	NOUN
fueconorg-5201	216	23	in	in	ADP
fueconorg-5201	216	24	respect	respect	NOUN
fueconorg-5201	216	25	to	to	ADP
fueconorg-5201	216	26	the	the	DET
fueconorg-5201	216	27	market	market	NOUN
fueconorg-5201	216	28	conditions	condition	NOUN
fueconorg-5201	216	29	(	(	PUNCT
fueconorg-5201	216	30	different	different	ADJ
fueconorg-5201	216	31	points	point	NOUN
fueconorg-5201	216	32	in	in	ADP
fueconorg-5201	216	33	time	time	NOUN
fueconorg-5201	216	34	)	)	PUNCT
fueconorg-5201	216	35	and	and	CCONJ
fueconorg-5201	216	36	institutional	institutional	ADJ
fueconorg-5201	216	37	environments	environment	NOUN
fueconorg-5201	216	38	(	(	PUNCT
fueconorg-5201	216	39	space	space	NOUN
fueconorg-5201	216	40	dimension	dimension	NOUN
fueconorg-5201	216	41	)	)	PUNCT
fueconorg-5201	216	42	where	where	SCONJ
fueconorg-5201	216	43	m&a	m&a	PROPN
fueconorg-5201	216	44	transactions	transaction	NOUN
fueconorg-5201	216	45	are	be	AUX
fueconorg-5201	216	46	being	be	AUX
fueconorg-5201	216	47	conducted	conduct	VERB
fueconorg-5201	216	48	.	.	PUNCT
fueconorg-5201	217	1	findings	finding	NOUN
fueconorg-5201	217	2	from	from	ADP
fueconorg-5201	217	3	our	our	PRON
fueconorg-5201	217	4	study	study	NOUN
fueconorg-5201	217	5	mostly	mostly	ADV
fueconorg-5201	217	6	correlate	correlate	VERB
fueconorg-5201	217	7	to	to	ADP
fueconorg-5201	217	8	the	the	DET
fueconorg-5201	217	9	empirical	empirical	ADJ
fueconorg-5201	217	10	research	research	NOUN
fueconorg-5201	217	11	body	body	NOUN
fueconorg-5201	217	12	in	in	ADP
fueconorg-5201	217	13	the	the	DET
fueconorg-5201	217	14	area	area	NOUN
fueconorg-5201	217	15	of	of	ADP
fueconorg-5201	217	16	mergers	merger	NOUN
fueconorg-5201	217	17	and	and	CCONJ
fueconorg-5201	217	18	acquisitions	acquisition	NOUN
fueconorg-5201	217	19	.	.	PUNCT
fueconorg-5201	218	1	as	as	ADP
fueconorg-5201	218	2	an	an	DET
fueconorg-5201	218	3	extension	extension	NOUN
fueconorg-5201	218	4	of	of	ADP
fueconorg-5201	218	5	this	this	DET
fueconorg-5201	218	6	analysis	analysis	NOUN
fueconorg-5201	218	7	,	,	PUNCT
fueconorg-5201	218	8	on	on	ADP
fueconorg-5201	218	9	one	one	NUM
fueconorg-5201	218	10	hand	hand	NOUN
fueconorg-5201	218	11	,	,	PUNCT
fueconorg-5201	218	12	a	a	DET
fueconorg-5201	218	13	wider	wide	ADJ
fueconorg-5201	218	14	time	time	NOUN
fueconorg-5201	218	15	frame	frame	NOUN
fueconorg-5201	218	16	ought	ought	AUX
fueconorg-5201	218	17	to	to	PART
fueconorg-5201	218	18	be	be	AUX
fueconorg-5201	218	19	introduced	introduce	VERB
fueconorg-5201	218	20	to	to	PART
fueconorg-5201	218	21	verify	verify	VERB
fueconorg-5201	218	22	the	the	DET
fueconorg-5201	218	23	implications	implication	NOUN
fueconorg-5201	218	24	of	of	ADP
fueconorg-5201	218	25	the	the	DET
fueconorg-5201	218	26	time	time	NOUN
fueconorg-5201	218	27	frame	frame	NOUN
fueconorg-5201	218	28	proposition	proposition	NOUN
fueconorg-5201	218	29	.	.	PUNCT
fueconorg-5201	219	1	on	on	ADP
fueconorg-5201	219	2	the	the	DET
fueconorg-5201	219	3	other	other	ADJ
fueconorg-5201	219	4	hand	hand	NOUN
fueconorg-5201	219	5	,	,	PUNCT
fueconorg-5201	219	6	a	a	DET
fueconorg-5201	219	7	broader	broad	ADJ
fueconorg-5201	219	8	approach	approach	NOUN
fueconorg-5201	219	9	on	on	ADP
fueconorg-5201	219	10	transaction	transaction	NOUN
fueconorg-5201	219	11	participants	participant	NOUN
fueconorg-5201	219	12	,	,	PUNCT
fueconorg-5201	219	13	especially	especially	ADV
fueconorg-5201	219	14	on	on	ADP
fueconorg-5201	219	15	the	the	DET
fueconorg-5201	219	16	bidders	bidder	NOUN
fueconorg-5201	219	17	’	’	PART
fueconorg-5201	219	18	side	side	NOUN
fueconorg-5201	219	19	would	would	AUX
fueconorg-5201	219	20	deepen	deepen	VERB
fueconorg-5201	219	21	the	the	DET
fueconorg-5201	219	22	scope	scope	NOUN
fueconorg-5201	219	23	and	and	CCONJ
fueconorg-5201	219	24	quality	quality	NOUN
fueconorg-5201	219	25	of	of	ADP
fueconorg-5201	219	26	the	the	DET
fueconorg-5201	219	27	research	research	NOUN
fueconorg-5201	219	28	.	.	PUNCT
fueconorg-5201	220	1	the	the	DET
fueconorg-5201	220	2	broader	broad	ADJ
fueconorg-5201	220	3	perspective	perspective	NOUN
fueconorg-5201	220	4	would	would	AUX
fueconorg-5201	220	5	be	be	AUX
fueconorg-5201	220	6	expected	expect	VERB
fueconorg-5201	220	7	to	to	PART
fueconorg-5201	220	8	provide	provide	VERB
fueconorg-5201	220	9	more	more	ADJ
fueconorg-5201	220	10	evidence	evidence	NOUN
fueconorg-5201	220	11	on	on	ADP
fueconorg-5201	220	12	the	the	DET
fueconorg-5201	220	13	bid	bid	NOUN
fueconorg-5201	220	14	premium	premium	NOUN
fueconorg-5201	220	15	determinants	determinant	NOUN
fueconorg-5201	220	16	and	and	CCONJ
fueconorg-5201	220	17	the	the	DET
fueconorg-5201	220	18	willingness	willingness	NOUN
fueconorg-5201	220	19	of	of	ADP
fueconorg-5201	220	20	the	the	DET
fueconorg-5201	220	21	bidders	bidder	NOUN
fueconorg-5201	220	22	to	to	PART
fueconorg-5201	220	23	pay	pay	VERB
fueconorg-5201	220	24	in	in	ADP
fueconorg-5201	220	25	an	an	DET
fueconorg-5201	220	26	m&a	m&a	PROPN
fueconorg-5201	220	27	transaction	transaction	NOUN
fueconorg-5201	220	28	.	.	PUNCT
fueconorg-5201	221	1	why	why	SCONJ
fueconorg-5201	221	2	pay	pay	VERB
fueconorg-5201	221	3	more	more	ADJ
fueconorg-5201	221	4	–	–	PUNCT
fueconorg-5201	221	5	world	world	NOUN
fueconorg-5201	221	6	evidence	evidence	NOUN
fueconorg-5201	221	7	on	on	ADP
fueconorg-5201	221	8	m&a	m&a	PROPN
fueconorg-5201	221	9	bid	bid	NOUN
fueconorg-5201	221	10	premium	premium	NOUN
fueconorg-5201	221	11	determinants	determinant	NOUN
fueconorg-5201	221	12	313	313	NUM
fueconorg-5201	221	13	references	reference	NOUN
fueconorg-5201	221	14	alexandridis	alexandridi	NOUN
fueconorg-5201	221	15	,	,	PUNCT
fueconorg-5201	221	16	g.	g.	PROPN
fueconorg-5201	221	17	,	,	PUNCT
fueconorg-5201	221	18	petmezas	petmezas	PROPN
fueconorg-5201	221	19	,	,	PUNCT
fueconorg-5201	221	20	d.	d.	PROPN
fueconorg-5201	221	21	,	,	PUNCT
fueconorg-5201	221	22	&	&	CCONJ
fueconorg-5201	221	23	travlos	travlos	PROPN
fueconorg-5201	221	24	,	,	PUNCT
fueconorg-5201	221	25	n.g	n.g	PROPN
fueconorg-5201	221	26	.	.	PROPN
fueconorg-5201	221	27	(	(	PUNCT
fueconorg-5201	221	28	2010	2010	NUM
fueconorg-5201	221	29	)	)	PUNCT
fueconorg-5201	221	30	.	.	PUNCT
fueconorg-5201	222	1	gains	gain	NOUN
fueconorg-5201	222	2	from	from	ADP
fueconorg-5201	222	3	mergers	merger	NOUN
fueconorg-5201	222	4	and	and	CCONJ
fueconorg-5201	222	5	acquisitions	acquisition	NOUN
fueconorg-5201	222	6	around	around	ADP
fueconorg-5201	222	7	the	the	DET
fueconorg-5201	222	8	world	world	NOUN
fueconorg-5201	222	9	:	:	PUNCT
fueconorg-5201	222	10	new	new	ADJ
fueconorg-5201	222	11	evidence	evidence	NOUN
fueconorg-5201	222	12	.	.	PUNCT
fueconorg-5201	223	1	financial	financial	ADJ
fueconorg-5201	223	2	management	management	NOUN
fueconorg-5201	223	3	,	,	PUNCT
fueconorg-5201	223	4	39	39	NUM
fueconorg-5201	223	5	(	(	PUNCT
fueconorg-5201	223	6	4	4	NUM
fueconorg-5201	223	7	)	)	PUNCT
fueconorg-5201	223	8	,	,	PUNCT
fueconorg-5201	223	9	1671	1671	NUM
fueconorg-5201	223	10	–	–	PUNCT
fueconorg-5201	223	11	1695	1695	NUM
fueconorg-5201	223	12	.	.	PUNCT
fueconorg-5201	224	1	ang	ang	PROPN
fueconorg-5201	224	2	,	,	PUNCT
fueconorg-5201	224	3	j.s	j.s	PROPN
fueconorg-5201	224	4	.	.	PROPN
fueconorg-5201	224	5	&	&	CCONJ
fueconorg-5201	224	6	ismail	ismail	PROPN
fueconorg-5201	224	7	a.k	a.k	PROPN
fueconorg-5201	224	8	.	.	PUNCT
fueconorg-5201	224	9	(	(	PUNCT
fueconorg-5201	224	10	2015	2015	NUM
fueconorg-5201	224	11	)	)	PUNCT
fueconorg-5201	224	12	.	.	PUNCT
fueconorg-5201	225	1	what	what	PRON
fueconorg-5201	225	2	premiums	premium	NOUN
fueconorg-5201	225	3	do	do	AUX
fueconorg-5201	225	4	target	target	VERB
fueconorg-5201	225	5	shareholders	shareholder	NOUN
fueconorg-5201	225	6	expect	expect	VERB
fueconorg-5201	225	7	?	?	PUNCT
fueconorg-5201	226	1	explaining	explain	VERB
fueconorg-5201	226	2	negative	negative	ADJ
fueconorg-5201	226	3	returns	return	NOUN
fueconorg-5201	226	4	upon	upon	SCONJ
fueconorg-5201	226	5	offer	offer	NOUN
fueconorg-5201	226	6	announcements	announcement	NOUN
fueconorg-5201	226	7	.	.	PUNCT
fueconorg-5201	227	1	journal	journal	NOUN
fueconorg-5201	227	2	of	of	ADP
fueconorg-5201	227	3	corporate	corporate	ADJ
fueconorg-5201	227	4	finance	finance	NOUN
fueconorg-5201	227	5	,	,	PUNCT
fueconorg-5201	227	6	30	30	NUM
fueconorg-5201	227	7	,	,	PUNCT
fueconorg-5201	227	8	245	245	NUM
fueconorg-5201	227	9	–	–	SYM
fueconorg-5201	227	10	256	256	NUM
fueconorg-5201	227	11	.	.	PUNCT
fueconorg-5201	228	1	http://dx.doi.org/10.1016/	http://dx.doi.org/10.1016/	NOUN
fueconorg-5201	228	2	j.jcorpfin.2014.12.015	j.jcorpfin.2014.12.015	PROPN
fueconorg-5201	228	3	bellotti	bellotti	PROPN
fueconorg-5201	228	4	,	,	PUNCT
fueconorg-5201	228	5	x.a	x.a	PROPN
fueconorg-5201	228	6	.	.	PROPN
fueconorg-5201	228	7	&	&	CCONJ
fueconorg-5201	228	8	williams	williams	PROPN
fueconorg-5201	228	9	,	,	PUNCT
fueconorg-5201	228	10	j.m	j.m	PROPN
fueconorg-5201	228	11	.	.	PROPN
fueconorg-5201	228	12	(	(	PUNCT
fueconorg-5201	228	13	2008	2008	NUM
fueconorg-5201	228	14	)	)	PUNCT
fueconorg-5201	228	15	.	.	PUNCT
fueconorg-5201	229	1	do	do	AUX
fueconorg-5201	229	2	win	win	NOUN
fueconorg-5201	229	3	-	-	PUNCT
fueconorg-5201	229	4	win	win	NOUN
fueconorg-5201	229	5	outcomes	outcome	NOUN
fueconorg-5201	229	6	exist	exist	VERB
fueconorg-5201	229	7	?	?	PUNCT
fueconorg-5201	230	1	a	a	DET
fueconorg-5201	230	2	study	study	NOUN
fueconorg-5201	230	3	of	of	ADP
fueconorg-5201	230	4	cross	cross	ADJ
fueconorg-5201	230	5	-	-	ADJ
fueconorg-5201	230	6	border	border	ADJ
fueconorg-5201	230	7	m&a	m&a	PROPN
fueconorg-5201	230	8	transactions	transaction	NOUN
fueconorg-5201	230	9	in	in	ADP
fueconorg-5201	230	10	emerging	emerge	VERB
fueconorg-5201	230	11	markets	market	NOUN
fueconorg-5201	230	12	.	.	PUNCT
fueconorg-5201	231	1	comparative	comparative	ADJ
fueconorg-5201	231	2	economic	economic	ADJ
fueconorg-5201	231	3	studies	study	NOUN
fueconorg-5201	231	4	,	,	PUNCT
fueconorg-5201	231	5	50	50	NUM
fueconorg-5201	231	6	(	(	PUNCT
fueconorg-5201	231	7	2	2	NUM
fueconorg-5201	231	8	)	)	PUNCT
fueconorg-5201	231	9	,	,	PUNCT
fueconorg-5201	231	10	274	274	NUM
fueconorg-5201	231	11	–	–	PUNCT
fueconorg-5201	231	12	296	296	NUM
fueconorg-5201	231	13	.	.	PUNCT
fueconorg-5201	232	1	bhagat	bhagat	PROPN
fueconorg-5201	232	2	,	,	PUNCT
fueconorg-5201	232	3	s.	s.	PROPN
fueconorg-5201	232	4	,	,	PUNCT
fueconorg-5201	232	5	malhotra	malhotra	PROPN
fueconorg-5201	232	6	,	,	PUNCT
fueconorg-5201	232	7	s.	s.	PROPN
fueconorg-5201	232	8	&	&	CCONJ
fueconorg-5201	232	9	zhu	zhu	PROPN
fueconorg-5201	232	10	p.c	p.c	PROPN
fueconorg-5201	232	11	.	.	PROPN
fueconorg-5201	232	12	(	(	PUNCT
fueconorg-5201	232	13	2011	2011	NUM
fueconorg-5201	232	14	)	)	PUNCT
fueconorg-5201	232	15	.	.	PUNCT
fueconorg-5201	233	1	emerging	emerge	VERB
fueconorg-5201	233	2	country	country	NOUN
fueconorg-5201	233	3	cross	cross	ADJ
fueconorg-5201	233	4	-	-	ADJ
fueconorg-5201	233	5	border	border	ADJ
fueconorg-5201	233	6	acquisitions	acquisition	NOUN
fueconorg-5201	233	7	:	:	PUNCT
fueconorg-5201	233	8	characteristics	characteristic	NOUN
fueconorg-5201	233	9	,	,	PUNCT
fueconorg-5201	233	10	acquirer	acquirer	NOUN
fueconorg-5201	233	11	returns	return	NOUN
fueconorg-5201	233	12	and	and	CCONJ
fueconorg-5201	233	13	cross	cross	ADJ
fueconorg-5201	233	14	-	-	ADJ
fueconorg-5201	233	15	sectional	sectional	ADJ
fueconorg-5201	233	16	determinants	determinant	NOUN
fueconorg-5201	233	17	.	.	PUNCT
fueconorg-5201	234	1	emerging	emerge	VERB
fueconorg-5201	234	2	markets	market	NOUN
fueconorg-5201	234	3	review	review	NOUN
fueconorg-5201	234	4	,	,	PUNCT
fueconorg-5201	234	5	12	12	NUM
fueconorg-5201	234	6	(	(	PUNCT
fueconorg-5201	234	7	2011	2011	NUM
fueconorg-5201	234	8	)	)	PUNCT
fueconorg-5201	234	9	,	,	PUNCT
fueconorg-5201	234	10	250	250	NUM
fueconorg-5201	234	11	–	–	PUNCT
fueconorg-5201	234	12	271	271	NUM
fueconorg-5201	234	13	.	.	X
fueconorg-5201	235	1	brock	brock	PROPN
fueconorg-5201	235	2	,	,	PUNCT
fueconorg-5201	235	3	d.m	d.m	PROPN
fueconorg-5201	235	4	.	.	PROPN
fueconorg-5201	235	5	2005	2005	NUM
fueconorg-5201	235	6	.	.	PUNCT
fueconorg-5201	236	1	multinational	multinational	ADJ
fueconorg-5201	236	2	acquisition	acquisition	NOUN
fueconorg-5201	236	3	integration	integration	NOUN
fueconorg-5201	236	4	:	:	PUNCT
fueconorg-5201	236	5	the	the	DET
fueconorg-5201	236	6	role	role	NOUN
fueconorg-5201	236	7	of	of	ADP
fueconorg-5201	236	8	national	national	ADJ
fueconorg-5201	236	9	culture	culture	NOUN
fueconorg-5201	236	10	in	in	ADP
fueconorg-5201	236	11	creating	create	VERB
fueconorg-5201	236	12	synergies	synergy	NOUN
fueconorg-5201	236	13	.	.	PUNCT
fueconorg-5201	237	1	international	international	ADJ
fueconorg-5201	237	2	business	business	PROPN
fueconorg-5201	237	3	review	review	NOUN
fueconorg-5201	237	4	,	,	PUNCT
fueconorg-5201	237	5	14	14	NUM
fueconorg-5201	237	6	(	(	PUNCT
fueconorg-5201	237	7	3	3	NUM
fueconorg-5201	237	8	)	)	PUNCT
fueconorg-5201	237	9	,	,	PUNCT
fueconorg-5201	237	10	269	269	NUM
fueconorg-5201	237	11	–	–	SYM
fueconorg-5201	237	12	288	288	NUM
fueconorg-5201	237	13	.	.	PUNCT
fueconorg-5201	238	1	bruner	bruner	PROPN
fueconorg-5201	238	2	,	,	PUNCT
fueconorg-5201	238	3	r.f	r.f	PROPN
fueconorg-5201	238	4	.	.	PROPN
fueconorg-5201	238	5	(	(	PUNCT
fueconorg-5201	238	6	2002	2002	NUM
fueconorg-5201	238	7	)	)	PUNCT
fueconorg-5201	238	8	.	.	PUNCT
fueconorg-5201	239	1	does	do	AUX
fueconorg-5201	239	2	m&a	m&a	PROPN
fueconorg-5201	239	3	pay	pay	VERB
fueconorg-5201	239	4	?	?	PUNCT
fueconorg-5201	240	1	a	a	DET
fueconorg-5201	240	2	survey	survey	NOUN
fueconorg-5201	240	3	of	of	ADP
fueconorg-5201	240	4	evidence	evidence	NOUN
fueconorg-5201	240	5	for	for	ADP
fueconorg-5201	240	6	the	the	DET
fueconorg-5201	240	7	decision	decision	NOUN
fueconorg-5201	240	8	-	-	PUNCT
fueconorg-5201	240	9	maker	maker	NOUN
fueconorg-5201	240	10	.	.	PUNCT
fueconorg-5201	241	1	journal	journal	NOUN
fueconorg-5201	241	2	of	of	ADP
fueconorg-5201	241	3	applied	apply	VERB
fueconorg-5201	241	4	finance	finance	NOUN
fueconorg-5201	241	5	,	,	PUNCT
fueconorg-5201	241	6	12	12	NUM
fueconorg-5201	241	7	(	(	PUNCT
fueconorg-5201	241	8	1	1	NUM
fueconorg-5201	241	9	)	)	PUNCT
fueconorg-5201	241	10	,	,	PUNCT
fueconorg-5201	241	11	48	48	NUM
fueconorg-5201	241	12	–	–	SYM
fueconorg-5201	241	13	68	68	NUM
fueconorg-5201	241	14	.	.	PUNCT
fueconorg-5201	242	1	chatterjee	chatterjee	PROPN
fueconorg-5201	242	2	,	,	PUNCT
fueconorg-5201	242	3	r.	r.	PROPN
fueconorg-5201	242	4	&	&	CCONJ
fueconorg-5201	242	5	kuenzi	kuenzi	PROPN
fueconorg-5201	242	6	,	,	PUNCT
fueconorg-5201	242	7	a.	a.	NOUN
fueconorg-5201	242	8	(	(	PUNCT
fueconorg-5201	242	9	2001	2001	NUM
fueconorg-5201	242	10	)	)	PUNCT
fueconorg-5201	242	11	.	.	PUNCT
fueconorg-5201	243	1	mergers	merger	NOUN
fueconorg-5201	243	2	and	and	CCONJ
fueconorg-5201	243	3	acquisitions	acquisition	NOUN
fueconorg-5201	243	4	:	:	PUNCT
fueconorg-5201	243	5	the	the	DET
fueconorg-5201	243	6	influence	influence	NOUN
fueconorg-5201	243	7	of	of	ADP
fueconorg-5201	243	8	methods	method	NOUN
fueconorg-5201	243	9	of	of	ADP
fueconorg-5201	243	10	payment	payment	NOUN
fueconorg-5201	243	11	on	on	ADP
fueconorg-5201	243	12	bidder	bidder	PROPN
fueconorg-5201	243	13	’s	’s	PART
fueconorg-5201	243	14	share	share	NOUN
fueconorg-5201	243	15	price	price	NOUN
fueconorg-5201	243	16	,	,	PUNCT
fueconorg-5201	243	17	cambridge	cambridge	PROPN
fueconorg-5201	243	18	,	,	PUNCT
fueconorg-5201	243	19	the	the	DET
fueconorg-5201	243	20	judge	judge	PROPN
fueconorg-5201	243	21	institute	institute	PROPN
fueconorg-5201	243	22	of	of	ADP
fueconorg-5201	243	23	management	management	NOUN
fueconorg-5201	243	24	studies	study	NOUN
fueconorg-5201	243	25	,	,	PUNCT
fueconorg-5201	243	26	working	work	VERB
fueconorg-5201	243	27	paper	paper	NOUN
fueconorg-5201	243	28	6/2001	6/2001	PROPN
fueconorg-5201	243	29	.	.	PUNCT
fueconorg-5201	243	30	de	de	X
fueconorg-5201	243	31	beule	beule	PROPN
fueconorg-5201	243	32	,	,	PUNCT
fueconorg-5201	243	33	f.	f.	PROPN
fueconorg-5201	243	34	&	&	CCONJ
fueconorg-5201	243	35	sels	sels	PROPN
fueconorg-5201	243	36	,	,	PUNCT
fueconorg-5201	243	37	a.	a.	NOUN
fueconorg-5201	243	38	(	(	PUNCT
fueconorg-5201	243	39	2016	2016	NUM
fueconorg-5201	243	40	)	)	PUNCT
fueconorg-5201	243	41	.	.	PUNCT
fueconorg-5201	244	1	do	do	AUX
fueconorg-5201	244	2	innovative	innovative	ADJ
fueconorg-5201	244	3	emerging	emerge	VERB
fueconorg-5201	244	4	market	market	NOUN
fueconorg-5201	244	5	cross	cross	ADJ
fueconorg-5201	244	6	-	-	ADJ
fueconorg-5201	244	7	border	border	ADJ
fueconorg-5201	244	8	acquirers	acquirer	NOUN
fueconorg-5201	244	9	create	create	VERB
fueconorg-5201	244	10	more	more	ADJ
fueconorg-5201	244	11	shareholder	shareholder	NOUN
fueconorg-5201	244	12	value	value	NOUN
fueconorg-5201	244	13	?	?	PUNCT
fueconorg-5201	245	1	evidence	evidence	NOUN
fueconorg-5201	245	2	from	from	ADP
fueconorg-5201	245	3	india	india	PROPN
fueconorg-5201	245	4	.	.	PUNCT
fueconorg-5201	246	1	international	international	ADJ
fueconorg-5201	246	2	business	business	PROPN
fueconorg-5201	246	3	review	review	NOUN
fueconorg-5201	246	4	,	,	PUNCT
fueconorg-5201	246	5	25	25	NUM
fueconorg-5201	246	6	(	(	PUNCT
fueconorg-5201	246	7	2	2	NUM
fueconorg-5201	246	8	)	)	PUNCT
fueconorg-5201	246	9	,	,	PUNCT
fueconorg-5201	246	10	604	604	NUM
fueconorg-5201	246	11	–	–	PUNCT
fueconorg-5201	246	12	617	617	NUM
fueconorg-5201	246	13	.	.	X
fueconorg-5201	246	14	de	de	X
fueconorg-5201	246	15	la	la	X
fueconorg-5201	246	16	bruslerie	bruslerie	NOUN
fueconorg-5201	246	17	,	,	PUNCT
fueconorg-5201	246	18	h.	h.	PROPN
fueconorg-5201	246	19	(	(	PUNCT
fueconorg-5201	246	20	2013	2013	NUM
fueconorg-5201	246	21	)	)	PUNCT
fueconorg-5201	246	22	.	.	PUNCT
fueconorg-5201	247	1	crossing	cross	VERB
fueconorg-5201	247	2	takeover	takeover	NOUN
fueconorg-5201	247	3	premiums	premium	NOUN
fueconorg-5201	247	4	and	and	CCONJ
fueconorg-5201	247	5	mix	mix	NOUN
fueconorg-5201	247	6	of	of	ADP
fueconorg-5201	247	7	payment	payment	NOUN
fueconorg-5201	247	8	:	:	PUNCT
fueconorg-5201	247	9	empirical	empirical	ADJ
fueconorg-5201	247	10	test	test	NOUN
fueconorg-5201	247	11	of	of	ADP
fueconorg-5201	247	12	contractual	contractual	ADJ
fueconorg-5201	247	13	setting	setting	NOUN
fueconorg-5201	247	14	in	in	ADP
fueconorg-5201	247	15	m&a	m&a	PROPN
fueconorg-5201	247	16	transactions	transaction	NOUN
fueconorg-5201	247	17	.	.	PUNCT
fueconorg-5201	248	1	journal	journal	NOUN
fueconorg-5201	248	2	of	of	ADP
fueconorg-5201	248	3	banking	banking	NOUN
fueconorg-5201	248	4	&	&	CCONJ
fueconorg-5201	248	5	finance	finance	PROPN
fueconorg-5201	248	6	,	,	PUNCT
fueconorg-5201	248	7	37	37	NUM
fueconorg-5201	248	8	(	(	PUNCT
fueconorg-5201	248	9	6	6	NUM
fueconorg-5201	248	10	)	)	PUNCT
fueconorg-5201	248	11	,	,	PUNCT
fueconorg-5201	248	12	2106	2106	NUM
fueconorg-5201	248	13	-	-	SYM
fueconorg-5201	248	14	2123	2123	NUM
fueconorg-5201	248	15	.	.	PUNCT
fueconorg-5201	249	1	goergen	goergen	PROPN
fueconorg-5201	249	2	,	,	PUNCT
fueconorg-5201	249	3	m.	m.	NOUN
fueconorg-5201	249	4	&	&	CCONJ
fueconorg-5201	249	5	renneboog	renneboog	PROPN
fueconorg-5201	249	6	,	,	PUNCT
fueconorg-5201	249	7	l.	l.	PROPN
fueconorg-5201	249	8	(	(	PUNCT
fueconorg-5201	249	9	2004	2004	NUM
fueconorg-5201	249	10	)	)	PUNCT
fueconorg-5201	249	11	.	.	PUNCT
fueconorg-5201	250	1	shareholder	shareholder	NOUN
fueconorg-5201	250	2	wealth	wealth	NOUN
fueconorg-5201	250	3	effects	effect	NOUN
fueconorg-5201	250	4	of	of	ADP
fueconorg-5201	250	5	european	european	ADJ
fueconorg-5201	250	6	domestic	domestic	ADJ
fueconorg-5201	250	7	and	and	CCONJ
fueconorg-5201	250	8	cross	cross	ADJ
fueconorg-5201	250	9	-	-	ADJ
fueconorg-5201	250	10	border	border	ADJ
fueconorg-5201	250	11	takeover	takeover	NOUN
fueconorg-5201	250	12	bids	bid	NOUN
fueconorg-5201	250	13	.	.	PUNCT
fueconorg-5201	251	1	european	european	ADJ
fueconorg-5201	251	2	financial	financial	ADJ
fueconorg-5201	251	3	management	management	NOUN
fueconorg-5201	251	4	,	,	PUNCT
fueconorg-5201	251	5	10	10	NUM
fueconorg-5201	251	6	,	,	PUNCT
fueconorg-5201	251	7	9	9	NUM
fueconorg-5201	251	8	–	–	SYM
fueconorg-5201	251	9	45	45	NUM
fueconorg-5201	251	10	.	.	PUNCT
fueconorg-5201	252	1	golubov	golubov	PROPN
fueconorg-5201	252	2	,	,	PUNCT
fueconorg-5201	252	3	a.	a.	NOUN
fueconorg-5201	252	4	,	,	PUNCT
fueconorg-5201	252	5	petmezas	petmezas	ADP
fueconorg-5201	252	6	,	,	PUNCT
fueconorg-5201	252	7	d.	d.	PROPN
fueconorg-5201	252	8	&	&	CCONJ
fueconorg-5201	252	9	travlos	travlos	PROPN
fueconorg-5201	252	10	,	,	PUNCT
fueconorg-5201	252	11	n.g	n.g	PROPN
fueconorg-5201	252	12	.	.	PROPN
fueconorg-5201	252	13	(	(	PUNCT
fueconorg-5201	252	14	2016	2016	NUM
fueconorg-5201	252	15	)	)	PUNCT
fueconorg-5201	252	16	.	.	PUNCT
fueconorg-5201	253	1	do	do	AUX
fueconorg-5201	253	2	stock	stock	NOUN
fueconorg-5201	253	3	-	-	PUNCT
fueconorg-5201	253	4	financed	finance	VERB
fueconorg-5201	253	5	acquisitions	acquisition	NOUN
fueconorg-5201	253	6	destroy	destroy	VERB
fueconorg-5201	253	7	value	value	NOUN
fueconorg-5201	253	8	?	?	PUNCT
fueconorg-5201	254	1	new	new	ADJ
fueconorg-5201	254	2	methods	method	NOUN
fueconorg-5201	254	3	and	and	CCONJ
fueconorg-5201	254	4	evidence	evidence	NOUN
fueconorg-5201	254	5	.	.	PUNCT
fueconorg-5201	255	1	review	review	NOUN
fueconorg-5201	255	2	of	of	ADP
fueconorg-5201	255	3	finance	finance	NOUN
fueconorg-5201	255	4	,	,	PUNCT
fueconorg-5201	255	5	20	20	NUM
fueconorg-5201	255	6	(	(	PUNCT
fueconorg-5201	255	7	1	1	NUM
fueconorg-5201	255	8	)	)	PUNCT
fueconorg-5201	255	9	,	,	PUNCT
fueconorg-5201	255	10	161	161	NUM
fueconorg-5201	255	11	–	–	SYM
fueconorg-5201	255	12	200	200	NUM
fueconorg-5201	255	13	.	.	PUNCT
fueconorg-5201	256	1	gupta	gupta	PROPN
fueconorg-5201	256	2	,	,	PUNCT
fueconorg-5201	256	3	a.	a.	NOUN
fueconorg-5201	256	4	&	&	CCONJ
fueconorg-5201	256	5	misra	misra	PROPN
fueconorg-5201	256	6	,	,	PUNCT
fueconorg-5201	256	7	l.	l.	PROPN
fueconorg-5201	256	8	(	(	PUNCT
fueconorg-5201	256	9	2007	2007	NUM
fueconorg-5201	256	10	)	)	PUNCT
fueconorg-5201	256	11	.	.	PUNCT
fueconorg-5201	257	1	deal	deal	NOUN
fueconorg-5201	257	2	size	size	NOUN
fueconorg-5201	257	3	,	,	PUNCT
fueconorg-5201	257	4	bid	bid	NOUN
fueconorg-5201	257	5	premium	premium	NOUN
fueconorg-5201	257	6	,	,	PUNCT
fueconorg-5201	257	7	and	and	CCONJ
fueconorg-5201	257	8	gains	gain	NOUN
fueconorg-5201	257	9	in	in	ADP
fueconorg-5201	257	10	bank	bank	NOUN
fueconorg-5201	257	11	mergers	merger	NOUN
fueconorg-5201	257	12	:	:	PUNCT
fueconorg-5201	257	13	the	the	DET
fueconorg-5201	257	14	impact	impact	NOUN
fueconorg-5201	257	15	of	of	ADP
fueconorg-5201	257	16	managerial	managerial	ADJ
fueconorg-5201	257	17	motivations	motivation	NOUN
fueconorg-5201	257	18	.	.	PUNCT
fueconorg-5201	258	1	the	the	DET
fueconorg-5201	258	2	financial	financial	PROPN
fueconorg-5201	258	3	review	review	NOUN
fueconorg-5201	258	4	,	,	PUNCT
fueconorg-5201	258	5	42	42	NUM
fueconorg-5201	258	6	(	(	PUNCT
fueconorg-5201	258	7	3	3	NUM
fueconorg-5201	258	8	)	)	PUNCT
fueconorg-5201	258	9	,	,	PUNCT
fueconorg-5201	258	10	373	373	NUM
fueconorg-5201	258	11	–	–	SYM
fueconorg-5201	258	12	400	400	NUM
fueconorg-5201	258	13	.	.	PUNCT
fueconorg-5201	259	1	halpern	halpern	PROPN
fueconorg-5201	259	2	,	,	PUNCT
fueconorg-5201	259	3	p.	p.	NOUN
fueconorg-5201	259	4	(	(	PUNCT
fueconorg-5201	259	5	1973	1973	NUM
fueconorg-5201	259	6	)	)	PUNCT
fueconorg-5201	259	7	.	.	PUNCT
fueconorg-5201	260	1	empirical	empirical	ADJ
fueconorg-5201	260	2	estimates	estimate	NOUN
fueconorg-5201	260	3	of	of	ADP
fueconorg-5201	260	4	the	the	DET
fueconorg-5201	260	5	amount	amount	NOUN
fueconorg-5201	260	6	and	and	CCONJ
fueconorg-5201	260	7	distribution	distribution	NOUN
fueconorg-5201	260	8	of	of	ADP
fueconorg-5201	260	9	gains	gain	NOUN
fueconorg-5201	260	10	to	to	ADP
fueconorg-5201	260	11	companies	company	NOUN
fueconorg-5201	260	12	in	in	ADP
fueconorg-5201	260	13	mergers	merger	NOUN
fueconorg-5201	260	14	.	.	PUNCT
fueconorg-5201	261	1	the	the	DET
fueconorg-5201	261	2	journal	journal	NOUN
fueconorg-5201	261	3	of	of	ADP
fueconorg-5201	261	4	business	business	NOUN
fueconorg-5201	261	5	.	.	PUNCT
fueconorg-5201	262	1	46	46	NUM
fueconorg-5201	262	2	(	(	PUNCT
fueconorg-5201	262	3	4	4	NUM
fueconorg-5201	262	4	)	)	PUNCT
fueconorg-5201	262	5	,	,	PUNCT
fueconorg-5201	262	6	554	554	NUM
fueconorg-5201	262	7	–	–	PUNCT
fueconorg-5201	262	8	575	575	NUM
fueconorg-5201	262	9	.	.	PUNCT
fueconorg-5201	263	1	j.p	j.p	PROPN
fueconorg-5201	263	2	.	.	PROPN
fueconorg-5201	263	3	morgan	morgan	PROPN
fueconorg-5201	263	4	.	.	PUNCT
fueconorg-5201	264	1	(	(	PUNCT
fueconorg-5201	264	2	2009	2009	NUM
fueconorg-5201	264	3	)	)	PUNCT
fueconorg-5201	264	4	.	.	PUNCT
fueconorg-5201	265	1	a	a	DET
fueconorg-5201	265	2	shifting	shift	VERB
fueconorg-5201	265	3	landscape	landscape	NOUN
fueconorg-5201	265	4	for	for	ADP
fueconorg-5201	265	5	synergies	synergy	NOUN
fueconorg-5201	265	6	:	:	PUNCT
fueconorg-5201	265	7	how	how	SCONJ
fueconorg-5201	265	8	financial	financial	ADJ
fueconorg-5201	265	9	considerations	consideration	NOUN
fueconorg-5201	265	10	are	be	AUX
fueconorg-5201	265	11	affecting	affect	VERB
fueconorg-5201	265	12	value	value	NOUN
fueconorg-5201	265	13	creation	creation	NOUN
fueconorg-5201	265	14	in	in	ADP
fueconorg-5201	265	15	mergers	merger	NOUN
fueconorg-5201	265	16	and	and	CCONJ
fueconorg-5201	265	17	acquisitions	acquisition	NOUN
fueconorg-5201	265	18	?	?	PUNCT
fueconorg-5201	266	1	available	available	ADJ
fueconorg-5201	266	2	at	at	ADP
fueconorg-5201	266	3	https://www.jpmorgan.com/jpmpdf/1320675767611.pdf	https://www.jpmorgan.com/jpmpdf/1320675767611.pdf	PROPN
fueconorg-5201	266	4	keown	keown	PROPN
fueconorg-5201	266	5	,	,	PUNCT
fueconorg-5201	266	6	a.	a.	PROPN
fueconorg-5201	266	7	&	&	CCONJ
fueconorg-5201	266	8	pinkerton	pinkerton	PROPN
fueconorg-5201	266	9	j.	j.	PROPN
fueconorg-5201	266	10	(	(	PUNCT
fueconorg-5201	266	11	1981	1981	NUM
fueconorg-5201	266	12	)	)	PUNCT
fueconorg-5201	266	13	.	.	PUNCT
fueconorg-5201	267	1	merger	merger	NOUN
fueconorg-5201	267	2	announcements	announcement	NOUN
fueconorg-5201	267	3	and	and	CCONJ
fueconorg-5201	267	4	insider	insider	NOUN
fueconorg-5201	267	5	trading	trading	NOUN
fueconorg-5201	267	6	activity	activity	NOUN
fueconorg-5201	267	7	:	:	PUNCT
fueconorg-5201	267	8	an	an	DET
fueconorg-5201	267	9	empirical	empirical	ADJ
fueconorg-5201	267	10	investigation	investigation	NOUN
fueconorg-5201	267	11	.	.	PUNCT
fueconorg-5201	268	1	the	the	DET
fueconorg-5201	268	2	journal	journal	PROPN
fueconorg-5201	268	3	of	of	ADP
fueconorg-5201	268	4	finance	finance	NOUN
fueconorg-5201	268	5	,	,	PUNCT
fueconorg-5201	268	6	36	36	NUM
fueconorg-5201	268	7	(	(	PUNCT
fueconorg-5201	268	8	4	4	NUM
fueconorg-5201	268	9	)	)	PUNCT
fueconorg-5201	268	10	,	,	PUNCT
fueconorg-5201	268	11	855	855	NUM
fueconorg-5201	268	12	–	–	PUNCT
fueconorg-5201	268	13	869	869	NUM
fueconorg-5201	268	14	.	.	PUNCT
fueconorg-5201	269	1	li	li	PROPN
fueconorg-5201	269	2	,	,	PUNCT
fueconorg-5201	269	3	j.	j.	PROPN
fueconorg-5201	269	4	,	,	PUNCT
fueconorg-5201	269	5	li	li	PROPN
fueconorg-5201	269	6	,	,	PUNCT
fueconorg-5201	269	7	p.	p.	PROPN
fueconorg-5201	269	8	&	&	CCONJ
fueconorg-5201	269	9	wang	wang	PROPN
fueconorg-5201	269	10	,	,	PUNCT
fueconorg-5201	269	11	b.	b.	PROPN
fueconorg-5201	269	12	(	(	PUNCT
fueconorg-5201	269	13	2016	2016	NUM
fueconorg-5201	269	14	)	)	PUNCT
fueconorg-5201	269	15	.	.	PUNCT
fueconorg-5201	270	1	do	do	AUX
fueconorg-5201	270	2	cross	cross	ADJ
fueconorg-5201	270	3	-	-	ADJ
fueconorg-5201	270	4	border	border	ADJ
fueconorg-5201	270	5	acquisitions	acquisition	NOUN
fueconorg-5201	270	6	create	create	VERB
fueconorg-5201	270	7	value	value	NOUN
fueconorg-5201	270	8	?	?	PUNCT
fueconorg-5201	271	1	evidence	evidence	NOUN
fueconorg-5201	271	2	from	from	ADP
fueconorg-5201	271	3	overseas	overseas	ADJ
fueconorg-5201	271	4	acquisitions	acquisition	NOUN
fueconorg-5201	271	5	by	by	ADP
fueconorg-5201	271	6	chinese	chinese	ADJ
fueconorg-5201	271	7	firms	firm	NOUN
fueconorg-5201	271	8	.	.	PUNCT
fueconorg-5201	272	1	international	international	ADJ
fueconorg-5201	272	2	business	business	PROPN
fueconorg-5201	272	3	review	review	NOUN
fueconorg-5201	272	4	,	,	PUNCT
fueconorg-5201	272	5	25	25	NUM
fueconorg-5201	272	6	(	(	PUNCT
fueconorg-5201	272	7	2	2	NUM
fueconorg-5201	272	8	)	)	PUNCT
fueconorg-5201	272	9	,	,	PUNCT
fueconorg-5201	272	10	471	471	NUM
fueconorg-5201	272	11	–	–	SYM
fueconorg-5201	272	12	483	483	NUM
fueconorg-5201	272	13	.	.	PUNCT
fueconorg-5201	273	1	lim	lim	PROPN
fueconorg-5201	273	2	,	,	PUNCT
fueconorg-5201	273	3	k.p	k.p	PROPN
fueconorg-5201	273	4	.	.	PROPN
fueconorg-5201	273	5	,	,	PUNCT
fueconorg-5201	273	6	brooks	brooks	PROPN
fueconorg-5201	273	7	,	,	PUNCT
fueconorg-5201	273	8	r.d	r.d	PROPN
fueconorg-5201	273	9	.	.	PROPN
fueconorg-5201	273	10	&	&	CCONJ
fueconorg-5201	273	11	kim	kim	PROPN
fueconorg-5201	273	12	,	,	PUNCT
fueconorg-5201	273	13	j.h	j.h	PROPN
fueconorg-5201	273	14	.	.	PROPN
fueconorg-5201	273	15	(	(	PUNCT
fueconorg-5201	273	16	2008	2008	NUM
fueconorg-5201	273	17	)	)	PUNCT
fueconorg-5201	273	18	.	.	PUNCT
fueconorg-5201	274	1	financial	financial	ADJ
fueconorg-5201	274	2	crisis	crisis	NOUN
fueconorg-5201	274	3	and	and	CCONJ
fueconorg-5201	274	4	stock	stock	NOUN
fueconorg-5201	274	5	market	market	NOUN
fueconorg-5201	274	6	efficiency	efficiency	NOUN
fueconorg-5201	274	7	:	:	PUNCT
fueconorg-5201	274	8	empirical	empirical	ADJ
fueconorg-5201	274	9	evidence	evidence	NOUN
fueconorg-5201	274	10	from	from	ADP
fueconorg-5201	274	11	asian	asian	ADJ
fueconorg-5201	274	12	countries	country	NOUN
fueconorg-5201	274	13	.	.	PUNCT
fueconorg-5201	275	1	international	international	ADJ
fueconorg-5201	275	2	review	review	NOUN
fueconorg-5201	275	3	of	of	ADP
fueconorg-5201	275	4	financial	financial	ADJ
fueconorg-5201	275	5	analysis	analysis	NOUN
fueconorg-5201	275	6	,	,	PUNCT
fueconorg-5201	275	7	17	17	NUM
fueconorg-5201	275	8	(	(	PUNCT
fueconorg-5201	275	9	3	3	NUM
fueconorg-5201	275	10	)	)	PUNCT
fueconorg-5201	275	11	,	,	PUNCT
fueconorg-5201	275	12	571	571	NUM
fueconorg-5201	275	13	–	–	PUNCT
fueconorg-5201	275	14	591	591	NUM
fueconorg-5201	275	15	.	.	PUNCT
fueconorg-5201	276	1	mandelker	mandelker	NOUN
fueconorg-5201	276	2	,	,	PUNCT
fueconorg-5201	276	3	g.	g.	PROPN
fueconorg-5201	276	4	(	(	PUNCT
fueconorg-5201	276	5	1974	1974	NUM
fueconorg-5201	276	6	)	)	PUNCT
fueconorg-5201	276	7	.	.	PUNCT
fueconorg-5201	277	1	risk	risk	NOUN
fueconorg-5201	277	2	and	and	CCONJ
fueconorg-5201	277	3	return	return	VERB
fueconorg-5201	277	4	:	:	PUNCT
fueconorg-5201	277	5	the	the	DET
fueconorg-5201	277	6	case	case	NOUN
fueconorg-5201	277	7	of	of	ADP
fueconorg-5201	277	8	merging	merge	VERB
fueconorg-5201	277	9	firms	firm	NOUN
fueconorg-5201	277	10	.	.	PUNCT
fueconorg-5201	278	1	journal	journal	NOUN
fueconorg-5201	278	2	of	of	ADP
fueconorg-5201	278	3	financial	financial	ADJ
fueconorg-5201	278	4	economics	economic	NOUN
fueconorg-5201	278	5	,	,	PUNCT
fueconorg-5201	278	6	1	1	NUM
fueconorg-5201	278	7	(	(	PUNCT
fueconorg-5201	278	8	4	4	NUM
fueconorg-5201	278	9	)	)	PUNCT
fueconorg-5201	278	10	,	,	PUNCT
fueconorg-5201	278	11	303	303	NUM
fueconorg-5201	278	12	–	–	SYM
fueconorg-5201	278	13	335	335	NUM
fueconorg-5201	278	14	.	.	PUNCT
fueconorg-5201	279	1	rossi	rossi	PROPN
fueconorg-5201	279	2	,	,	PUNCT
fueconorg-5201	279	3	s.	s.	PROPN
fueconorg-5201	279	4	&	&	CCONJ
fueconorg-5201	279	5	volpin	volpin	PROPN
fueconorg-5201	279	6	,	,	PUNCT
fueconorg-5201	279	7	p.	p.	NOUN
fueconorg-5201	279	8	(	(	PUNCT
fueconorg-5201	279	9	2004	2004	NUM
fueconorg-5201	279	10	)	)	PUNCT
fueconorg-5201	279	11	.	.	PUNCT
fueconorg-5201	280	1	cross	cross	ADJ
fueconorg-5201	280	2	-	-	ADJ
fueconorg-5201	280	3	country	country	ADJ
fueconorg-5201	280	4	determinants	determinant	NOUN
fueconorg-5201	280	5	of	of	ADP
fueconorg-5201	280	6	mergers	merger	NOUN
fueconorg-5201	280	7	and	and	CCONJ
fueconorg-5201	280	8	acquisitions	acquisition	NOUN
fueconorg-5201	280	9	.	.	PUNCT
fueconorg-5201	281	1	journal	journal	NOUN
fueconorg-5201	281	2	of	of	ADP
fueconorg-5201	281	3	financial	financial	ADJ
fueconorg-5201	281	4	economics	economic	NOUN
fueconorg-5201	281	5	,	,	PUNCT
fueconorg-5201	281	6	74	74	NUM
fueconorg-5201	281	7	(	(	PUNCT
fueconorg-5201	281	8	2	2	NUM
fueconorg-5201	281	9	)	)	PUNCT
fueconorg-5201	281	10	,	,	PUNCT
fueconorg-5201	281	11	277	277	NUM
fueconorg-5201	281	12	-	-	SYM
fueconorg-5201	281	13	304	304	NUM
fueconorg-5201	281	14	.	.	PUNCT
fueconorg-5201	282	1	shah	shah	PROPN
fueconorg-5201	282	2	,	,	PUNCT
fueconorg-5201	282	3	p.	p.	PROPN
fueconorg-5201	282	4	&	&	CCONJ
fueconorg-5201	282	5	arora	arora	PROPN
fueconorg-5201	282	6	,	,	PUNCT
fueconorg-5201	282	7	p.	p.	NOUN
fueconorg-5201	282	8	(	(	PUNCT
fueconorg-5201	282	9	2014	2014	NUM
fueconorg-5201	282	10	)	)	PUNCT
fueconorg-5201	282	11	.	.	PUNCT
fueconorg-5201	283	1	m&a	m&a	PROPN
fueconorg-5201	283	2	announcements	announcement	NOUN
fueconorg-5201	283	3	and	and	CCONJ
fueconorg-5201	283	4	their	their	PRON
fueconorg-5201	283	5	effect	effect	NOUN
fueconorg-5201	283	6	on	on	ADP
fueconorg-5201	283	7	return	return	NOUN
fueconorg-5201	283	8	to	to	ADP
fueconorg-5201	283	9	shareholders	shareholder	NOUN
fueconorg-5201	283	10	:	:	PUNCT
fueconorg-5201	283	11	an	an	DET
fueconorg-5201	283	12	event	event	NOUN
fueconorg-5201	283	13	study	study	NOUN
fueconorg-5201	283	14	.	.	PUNCT
fueconorg-5201	284	1	accounting	accounting	NOUN
fueconorg-5201	284	2	and	and	CCONJ
fueconorg-5201	284	3	finance	finance	NOUN
fueconorg-5201	284	4	research	research	NOUN
fueconorg-5201	284	5	,	,	PUNCT
fueconorg-5201	284	6	3	3	NUM
fueconorg-5201	284	7	(	(	PUNCT
fueconorg-5201	284	8	2	2	NUM
fueconorg-5201	284	9	)	)	PUNCT
fueconorg-5201	284	10	,	,	PUNCT
fueconorg-5201	284	11	170	170	NUM
fueconorg-5201	284	12	–	–	SYM
fueconorg-5201	284	13	190	190	NUM
fueconorg-5201	284	14	.	.	PUNCT
fueconorg-5201	284	15	sirower	sirower	NOUN
fueconorg-5201	284	16	,	,	PUNCT
fueconorg-5201	284	17	m.	m.	NOUN
fueconorg-5201	284	18	&	&	CCONJ
fueconorg-5201	284	19	sahni	sahni	PROPN
fueconorg-5201	284	20	,	,	PUNCT
fueconorg-5201	284	21	s.	s.	PROPN
fueconorg-5201	284	22	(	(	PUNCT
fueconorg-5201	284	23	2006	2006	NUM
fueconorg-5201	284	24	)	)	PUNCT
fueconorg-5201	284	25	.	.	PUNCT
fueconorg-5201	285	1	avoiding	avoid	VERB
fueconorg-5201	285	2	the	the	DET
fueconorg-5201	285	3	“	"	PUNCT
fueconorg-5201	285	4	synergy	synergy	NOUN
fueconorg-5201	285	5	trap	trap	NOUN
fueconorg-5201	285	6	”	"	PUNCT
fueconorg-5201	285	7	:	:	PUNCT
fueconorg-5201	285	8	practical	practical	ADJ
fueconorg-5201	285	9	guidance	guidance	NOUN
fueconorg-5201	285	10	on	on	ADP
fueconorg-5201	285	11	m&a	m&a	PROPN
fueconorg-5201	285	12	decisions	decision	NOUN
fueconorg-5201	285	13	for	for	ADP
fueconorg-5201	285	14	ceos	ceos	NOUN
fueconorg-5201	285	15	and	and	CCONJ
fueconorg-5201	285	16	board	board	NOUN
fueconorg-5201	285	17	.	.	PUNCT
fueconorg-5201	286	1	journal	journal	PROPN
fueconorg-5201	286	2	of	of	ADP
fueconorg-5201	286	3	applied	apply	VERB
fueconorg-5201	286	4	corporate	corporate	ADJ
fueconorg-5201	286	5	finance	finance	NOUN
fueconorg-5201	286	6	,	,	PUNCT
fueconorg-5201	286	7	18	18	NUM
fueconorg-5201	286	8	(	(	PUNCT
fueconorg-5201	286	9	3	3	NUM
fueconorg-5201	286	10	)	)	PUNCT
fueconorg-5201	286	11	,	,	PUNCT
fueconorg-5201	286	12	83	83	NUM
fueconorg-5201	286	13	–	–	SYM
fueconorg-5201	286	14	95	95	NUM
fueconorg-5201	286	15	.	.	PUNCT
fueconorg-5201	286	16	tang	tang	PROPN
fueconorg-5201	286	17	,	,	PUNCT
fueconorg-5201	286	18	z.	z.	PROPN
fueconorg-5201	286	19	&	&	CCONJ
fueconorg-5201	286	20	xu	xu	PROPN
fueconorg-5201	286	21	,	,	PUNCT
fueconorg-5201	286	22	x.	x.	PROPN
fueconorg-5201	286	23	(	(	PUNCT
fueconorg-5201	286	24	2016	2016	NUM
fueconorg-5201	286	25	)	)	PUNCT
fueconorg-5201	286	26	.	.	PUNCT
fueconorg-5201	287	1	what	what	PRON
fueconorg-5201	287	2	causes	cause	VERB
fueconorg-5201	287	3	the	the	DET
fueconorg-5201	287	4	target	target	NOUN
fueconorg-5201	287	5	stock	stock	NOUN
fueconorg-5201	287	6	price	price	NOUN
fueconorg-5201	287	7	run	run	NOUN
fueconorg-5201	287	8	-	-	PUNCT
fueconorg-5201	287	9	up	up	NOUN
fueconorg-5201	287	10	prior	prior	ADV
fueconorg-5201	287	11	to	to	ADP
fueconorg-5201	287	12	m&a	m&a	PROPN
fueconorg-5201	287	13	announcements	announcement	NOUN
fueconorg-5201	287	14	?	?	PUNCT
fueconorg-5201	287	15	.	.	PUNCT
fueconorg-5201	288	1	journal	journal	PROPN
fueconorg-5201	288	2	of	of	ADP
fueconorg-5201	288	3	accounting	accounting	NOUN
fueconorg-5201	288	4	and	and	CCONJ
fueconorg-5201	288	5	finance	finance	NOUN
fueconorg-5201	288	6	,	,	PUNCT
fueconorg-5201	288	7	16	16	NUM
fueconorg-5201	288	8	(	(	PUNCT
fueconorg-5201	288	9	6	6	NUM
fueconorg-5201	288	10	)	)	PUNCT
fueconorg-5201	288	11	,	,	PUNCT
fueconorg-5201	288	12	106	106	NUM
fueconorg-5201	288	13	–	–	SYM
fueconorg-5201	288	14	120	120	NUM
fueconorg-5201	288	15	.	.	PUNCT
fueconorg-5201	289	1	xie	xie	PROPN
fueconorg-5201	289	2	,	,	PUNCT
fueconorg-5201	289	3	e.	e.	PROPN
fueconorg-5201	289	4	,	,	PUNCT
fueconorg-5201	289	5	reddy	reddy	PROPN
fueconorg-5201	289	6	,	,	PUNCT
fueconorg-5201	289	7	k.s	k.s	PROPN
fueconorg-5201	289	8	.	.	PROPN
fueconorg-5201	289	9	&	&	CCONJ
fueconorg-5201	289	10	liang	liang	PROPN
fueconorg-5201	289	11	,	,	PUNCT
fueconorg-5201	289	12	j.	j.	PROPN
fueconorg-5201	289	13	(	(	PUNCT
fueconorg-5201	289	14	2017	2017	NUM
fueconorg-5201	289	15	)	)	PUNCT
fueconorg-5201	289	16	country	country	NOUN
fueconorg-5201	289	17	-	-	PUNCT
fueconorg-5201	289	18	specific	specific	ADJ
fueconorg-5201	289	19	determinants	determinant	NOUN
fueconorg-5201	289	20	of	of	ADP
fueconorg-5201	289	21	cross	cross	ADJ
fueconorg-5201	289	22	-	-	ADJ
fueconorg-5201	289	23	border	border	ADJ
fueconorg-5201	289	24	mergers	merger	NOUN
fueconorg-5201	289	25	and	and	CCONJ
fueconorg-5201	289	26	acquisitions	acquisition	NOUN
fueconorg-5201	289	27	:	:	PUNCT
fueconorg-5201	289	28	a	a	DET
fueconorg-5201	289	29	comprehensive	comprehensive	ADJ
fueconorg-5201	289	30	review	review	NOUN
fueconorg-5201	289	31	and	and	CCONJ
fueconorg-5201	289	32	future	future	ADJ
fueconorg-5201	289	33	research	research	NOUN
fueconorg-5201	289	34	directions	direction	NOUN
fueconorg-5201	289	35	.	.	PUNCT
fueconorg-5201	290	1	journal	journal	NOUN
fueconorg-5201	290	2	of	of	ADP
fueconorg-5201	290	3	world	world	PROPN
fueconorg-5201	290	4	business	business	NOUN
fueconorg-5201	290	5	,	,	PUNCT
fueconorg-5201	290	6	52	52	NUM
fueconorg-5201	290	7	(	(	PUNCT
fueconorg-5201	290	8	2	2	NUM
fueconorg-5201	290	9	)	)	PUNCT
fueconorg-5201	290	10	,	,	PUNCT
fueconorg-5201	290	11	127	127	NUM
fueconorg-5201	290	12	–	–	SYM
fueconorg-5201	290	13	183	183	NUM
fueconorg-5201	290	14	.	.	PUNCT
fueconorg-5201	291	1	yilmaz	yilmaz	PROPN
fueconorg-5201	291	2	,	,	PUNCT
fueconorg-5201	291	3	i.s	i.s	PROPN
fueconorg-5201	291	4	.	.	PROPN
fueconorg-5201	291	5	&	&	CCONJ
fueconorg-5201	291	6	tanyeri	tanyeri	PROPN
fueconorg-5201	291	7	,	,	PUNCT
fueconorg-5201	291	8	b.	b.	PROPN
fueconorg-5201	291	9	(	(	PUNCT
fueconorg-5201	291	10	2016	2016	NUM
fueconorg-5201	291	11	)	)	PUNCT
fueconorg-5201	291	12	.	.	PUNCT
fueconorg-5201	292	1	global	global	ADJ
fueconorg-5201	292	2	merger	merger	NOUN
fueconorg-5201	292	3	and	and	CCONJ
fueconorg-5201	292	4	acquisition	acquisition	NOUN
fueconorg-5201	292	5	(	(	PUNCT
fueconorg-5201	292	6	m&a	m&a	PROPN
fueconorg-5201	292	7	)	)	PUNCT
fueconorg-5201	292	8	activity	activity	NOUN
fueconorg-5201	292	9	:	:	PUNCT
fueconorg-5201	292	10	1992	1992	NUM
fueconorg-5201	292	11	–	–	PUNCT
fueconorg-5201	292	12	2011	2011	NUM
fueconorg-5201	292	13	.	.	PUNCT
fueconorg-5201	293	1	finance	finance	NOUN
fueconorg-5201	293	2	research	research	NOUN
fueconorg-5201	293	3	letters	letter	NOUN
fueconorg-5201	293	4	,	,	PUNCT
fueconorg-5201	293	5	17	17	NUM
fueconorg-5201	293	6	(	(	PUNCT
fueconorg-5201	293	7	2016	2016	NUM
fueconorg-5201	293	8	)	)	PUNCT
fueconorg-5201	293	9	,	,	PUNCT
fueconorg-5201	293	10	110	110	NUM
fueconorg-5201	293	11	–	–	SYM
fueconorg-5201	293	12	117	117	NUM
fueconorg-5201	293	13	.	.	PUNCT
fueconorg-5201	293	14	https://www.jpmorgan.com/jpmpdf/1320675767611.pdf	https://www.jpmorgan.com/jpmpdf/1320675767611.pdf	PROPN
fueconorg-5201	293	15	314	314	NUM
fueconorg-5201	293	16	m.	m.	NOUN
fueconorg-5201	293	17	živanović	živanović	NOUN
fueconorg-5201	293	18	,	,	PUNCT
fueconorg-5201	294	1	n.	n.	PROPN
fueconorg-5201	294	2	džudović	džudović	PROPN
fueconorg-5201	294	3	zašto	zašto	PROPN
fueconorg-5201	294	4	platiti	platiti	PROPN
fueconorg-5201	295	1	više	više	PROPN
fueconorg-5201	295	2	–	–	PUNCT
fueconorg-5201	295	3	determinante	determinante	NOUN
fueconorg-5201	295	4	vrednosti	vrednosti	NOUN
fueconorg-5201	295	5	premija	premija	PROPN
fueconorg-5201	295	6	za	za	PROPN
fueconorg-5201	295	7	preuzimanje	preuzimanje	PROPN
fueconorg-5201	296	1	u	u	PRON
fueconorg-5201	296	2	merdţerima	merdţerima	PROPN
fueconorg-5201	296	3	i	i	PRON
fueconorg-5201	296	4	akvizicijama	akvizicijama	NOUN
fueconorg-5201	296	5	na	na	INTJ
fueconorg-5201	296	6	svetskom	svetskom	PROPN
fueconorg-5201	296	7	nivou	nivou	PROPN
fueconorg-5201	296	8	merdžeri	merdžeri	PROPN
fueconorg-5201	296	9	i	i	PRON
fueconorg-5201	296	10	akvizicije	akvizicije	VERB
fueconorg-5201	296	11	predstavljaju	predstavljaju	PROPN
fueconorg-5201	296	12	jednu	jednu	PROPN
fueconorg-5201	296	13	od	od	PROPN
fueconorg-5201	296	14	najdinamičnijih	najdinamičnijih	PROPN
fueconorg-5201	296	15	oblasti	oblasti	PROPN
fueconorg-5201	296	16	u	u	PROPN
fueconorg-5201	296	17	svetu	svetu	X
fueconorg-5201	296	18	korporativnih	korporativnih	PROPN
fueconorg-5201	296	19	finansija.uspeh	finansija.uspeh	PROPN
fueconorg-5201	296	20	ovih	ovih	NOUN
fueconorg-5201	296	21	izuzetno	izuzetno	PROPN
fueconorg-5201	296	22	kompleksnih	kompleksnih	PROPN
fueconorg-5201	296	23	transakcija	transakcija	PROPN
fueconorg-5201	296	24	može	može	PROPN
fueconorg-5201	296	25	varirati	varirati	VERB
fueconorg-5201	296	26	u	u	PROPN
fueconorg-5201	296	27	zavisnosti	zavisnosti	PROPN
fueconorg-5201	297	1	od	od	NOUN
fueconorg-5201	297	2	ekonomskog	ekonomskog	PROPN
fueconorg-5201	297	3	i	i	PRON
fueconorg-5201	297	4	institucionalnog	institucionalnog	VERB
fueconorg-5201	297	5	okruženja	okruženja	VERB
fueconorg-5201	297	6	u	u	PROPN
fueconorg-5201	297	7	kojima	kojima	PROPN
fueconorg-5201	297	8	se	se	PROPN
fueconorg-5201	297	9	transakcije	transakcije	PROPN
fueconorg-5201	298	1	realizuju	realizuju	VERB
fueconorg-5201	298	2	u	u	PROPN
fueconorg-5201	298	3	ovom	ovom	PROPN
fueconorg-5201	298	4	radu	radu	PROPN
fueconorg-5201	298	5	se	se	PROPN
fueconorg-5201	298	6	analizira	analizira	PROPN
fueconorg-5201	298	7	informacioni	informacioni	PROPN
fueconorg-5201	298	8	sadržaj	sadržaj	PROPN
fueconorg-5201	298	9	premija	premija	NOUN
fueconorg-5201	298	10	za	za	PROPN
fueconorg-5201	298	11	preuzimanje	preuzimanje	PROPN
fueconorg-5201	299	1	kao	kao	PROPN
fueconorg-5201	300	1	i	i	PRON
fueconorg-5201	300	2	razlike	razlike	VERB
fueconorg-5201	300	3	koje	koje	PROPN
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fueconorg-5201	301	1	javljaju	javljaju	PROPN
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fueconorg-5201	301	6	zavisnosti	zavisnosti	PROPN
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fueconorg-5201	301	8	:	:	PUNCT
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fueconorg-5201	301	10	1	1	X
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fueconorg-5201	301	12	posmatranog	posmatranog	NOUN
fueconorg-5201	301	13	vremenskog	vremenskog	PROPN
fueconorg-5201	301	14	okvira	okvira	PROPN
fueconorg-5201	301	15	pre	pre	X
fueconorg-5201	302	1	i	i	PROPN
fueconorg-5201	302	2	nakon	nakon	PROPN
fueconorg-5201	302	3	m&a	m&a	PROPN
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fueconorg-5201	302	5	(	(	PUNCT
fueconorg-5201	302	6	2	2	NUM
fueconorg-5201	302	7	)	)	PUNCT
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fueconorg-5201	302	9	kretanja	kretanja	NOUN
fueconorg-5201	302	10	na	na	PROPN
fueconorg-5201	302	11	tržištima	tržištima	PROPN
fueconorg-5201	302	12	kapitala	kapitala	PROPN
fueconorg-5201	302	13	(	(	PUNCT
fueconorg-5201	302	14	3	3	NUM
fueconorg-5201	302	15	)	)	PUNCT
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fueconorg-5201	302	17	institucionalnog	institucionalnog	PROPN
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fueconorg-5201	302	19	i	i	PRON
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fueconorg-5201	302	23	zemalja	zemalja	VERB
fueconorg-5201	302	24	iz	iz	INTJ
fueconorg-5201	302	25	kojih	kojih	PROPN
fueconorg-5201	302	26	učesnici	učesnici	NOUN
fueconorg-5201	302	27	u	u	PROPN
fueconorg-5201	302	28	transakcijama	transakcijama	PROPN
fueconorg-5201	302	29	potiču	potiču	NOUN
fueconorg-5201	303	1	i	i	PRON
fueconorg-5201	303	2	(	(	PUNCT
fueconorg-5201	303	3	4	4	X
fueconorg-5201	303	4	)	)	PUNCT
fueconorg-5201	303	5	izabranog	izabranog	NOUN
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fueconorg-5201	304	1	i	i	PRON
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fueconorg-5201	304	7	.	.	PUNCT
fueconorg-5201	305	1	na	na	ADP
fueconorg-5201	305	2	uzorku	uzorku	PROPN
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fueconorg-5201	305	4	783	783	NUM
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fueconorg-5201	306	1	i	i	PRON
fueconorg-5201	306	2	akvizicija	akvizicija	ADV
fueconorg-5201	306	3	realizovanih	realizovanih	VERB
fueconorg-5201	306	4	na	na	NOUN
fueconorg-5201	306	5	globalnom	globalnom	NOUN
fueconorg-5201	306	6	nivou	nivou	PROPN
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fueconorg-5201	306	10	se	se	PROPN
fueconorg-5201	306	11	visina	visina	PROPN
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fueconorg-5201	306	13	za	za	PROPN
fueconorg-5201	306	14	preuzimanje	preuzimanje	PROPN
fueconorg-5201	307	1	razlikuje	razlikuje	PROPN
fueconorg-5201	307	2	u	u	PROPN
fueconorg-5201	307	3	zavisnoti	zavisnoti	PROPN
fueconorg-5201	307	4	od	od	PROPN
fueconorg-5201	307	5	posmatranog	posmatranog	PROPN
fueconorg-5201	307	6	vremenskog	vremenskog	PROPN
fueconorg-5201	307	7	okvira	okvira	PROPN
fueconorg-5201	307	8	uz	uz	PROPN
fueconorg-5201	307	9	prisustvo	prisustvo	PROPN
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fueconorg-5201	307	11	“	"	PUNCT
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fueconorg-5201	307	13	”	"	PUNCT
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fueconorg-5201	308	1	kao	kao	PROPN
fueconorg-5201	309	1	i	i	PRON
fueconorg-5201	309	2	uz	uz	PROPN
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fueconorg-5201	309	8	cenama	cenama	NOUN
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fueconorg-5201	309	10	targeta	targeta	PROPN
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fueconorg-5201	309	12	vremenskom	vremenskom	PROPN
fueconorg-5201	309	13	okviru	okviru	PROPN
fueconorg-5201	309	14	+30	+30	PROPN
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fueconorg-5201	310	3	za	za	PROPN
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fueconorg-5201	310	8	uticajem	uticajem	PROPN
fueconorg-5201	310	9	karakteristika	karakteristika	PROPN
fueconorg-5201	310	10	instiucionalnog	instiucionalnog	PROPN
fueconorg-5201	310	11	okruženja	okruženja	ADJ
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fueconorg-5201	311	4	kojih	kojih	ADJ
fueconorg-5201	311	5	potiču	potiču	NOUN
fueconorg-5201	311	6	preduzeća	preduzeća	ADV
fueconorg-5201	311	7	bidderi	bidderi	PROPN
fueconorg-5201	312	1	i	i	PRON
fueconorg-5201	312	2	targeti	targeti	PROPN
fueconorg-5201	312	3	kao	kao	PROPN
fueconorg-5201	313	1	i	i	PRON
fueconorg-5201	313	2	pod	pod	VERB
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fueconorg-5201	313	4	metoda	metoda	PROPN
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fueconorg-5201	313	6	i	i	PRON
fueconorg-5201	313	7	motiva	motiva	PROPN
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fueconorg-5201	313	9	ulazak	ulazak	PROPN
fueconorg-5201	313	10	u	u	PROPN
fueconorg-5201	313	11	m&a	m&a	PROPN
fueconorg-5201	313	12	transakcije	transakcije	PROPN
fueconorg-5201	313	13	.	.	PUNCT
fueconorg-5201	314	1	u	u	PROPN
fueconorg-5201	314	2	radu	radu	PROPN
fueconorg-5201	314	3	je	je	X
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fueconorg-5201	314	5	da	da	PROPN
fueconorg-5201	314	6	se	se	PROPN
fueconorg-5201	314	7	rezultati	rezultati	PROPN
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fueconorg-5201	314	9	razlikuju	razlikuju	VERB
fueconorg-5201	314	10	u	u	PROPN
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fueconorg-5201	314	12	od	od	PROPN
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fueconorg-5201	314	24	tržištima	tržištima	PROPN
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fueconorg-5201	315	5	,	,	PUNCT
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fueconorg-5201	315	7	,	,	PUNCT
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