id	sid	tid	token	lemma	pos
faba-235	1	1	136	136	NUM
faba-235	1	2	finance	finance	NOUN
faba-235	1	3	,	,	PUNCT
faba-235	1	4	accounting	accounting	NOUN
faba-235	1	5	and	and	CCONJ
faba-235	1	6	business	business	NOUN
faba-235	1	7	analysis	analysis	NOUN
faba-235	1	8	volume	volume	NOUN
faba-235	1	9	6	6	NUM
faba-235	1	10	issue	issue	NOUN
faba-235	1	11	2	2	NUM
faba-235	1	12	,	,	PUNCT
faba-235	1	13	2024	2024	NUM
faba-235	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-235	1	15	issn	issn	VERB
faba-235	1	16	2603	2603	NUM
faba-235	1	17	-	-	SYM
faba-235	1	18	5324	5324	NUM
faba-235	1	19	doi	doi	NOUN
faba-235	1	20	:	:	PUNCT
faba-235	1	21	https://doi.org/10.37075/faba.2024.2.04	https://doi.org/10.37075/faba.2024.2.04	X
faba-235	1	22	capital	capital	NOUN
faba-235	1	23	adequacy	adequacy	NOUN
faba-235	1	24	and	and	CCONJ
faba-235	1	25	return	return	VERB
faba-235	1	26	ratios	ratio	NOUN
faba-235	1	27	of	of	ADP
faba-235	1	28	banks	bank	NOUN
faba-235	1	29	in	in	ADP
faba-235	1	30	bulgaria	bulgaria	PROPN
faba-235	1	31	in	in	ADP
faba-235	1	32	mergers	merger	NOUN
faba-235	1	33	and	and	CCONJ
faba-235	1	34	acquisitions	acquisition	NOUN
faba-235	1	35	transactions	transaction	NOUN
faba-235	1	36	daniel	daniel	PROPN
faba-235	1	37	valentinov	valentinov	PROPN
faba-235	1	38	dimitrov	dimitrov	PROPN
faba-235	1	39	department	department	PROPN
faba-235	1	40	of	of	ADP
faba-235	1	41	finance	finance	NOUN
faba-235	1	42	,	,	PUNCT
faba-235	1	43	university	university	NOUN
faba-235	1	44	of	of	ADP
faba-235	1	45	national	national	ADJ
faba-235	1	46	and	and	CCONJ
faba-235	1	47	world	world	NOUN
faba-235	1	48	economy	economy	NOUN
faba-235	1	49	,	,	PUNCT
faba-235	1	50	sofia	sofia	PROPN
faba-235	1	51	,	,	PUNCT
faba-235	1	52	bulgaria	bulgaria	PROPN
faba-235	1	53	info	info	NOUN
faba-235	1	54	articles	article	NOUN
faba-235	1	55	abstract	abstract	ADJ
faba-235	1	56	history	history	NOUN
faba-235	1	57	article	article	NOUN
faba-235	1	58	:	:	PUNCT
faba-235	1	59	submitted	submit	VERB
faba-235	1	60	3	3	NUM
faba-235	1	61	october	october	NOUN
faba-235	1	62	2024	2024	NUM
faba-235	1	63	revised	revise	VERB
faba-235	1	64	4	4	NUM
faba-235	1	65	november	november	NOUN
faba-235	1	66	2024	2024	NUM
faba-235	1	67	accepted	accept	VERB
faba-235	1	68	12	12	NUM
faba-235	1	69	november	november	PROPN
faba-235	1	70	2024	2024	NUM
faba-235	1	71	purpose	purpose	NOUN
faba-235	1	72	:	:	PUNCT
faba-235	1	73	the	the	DET
faba-235	1	74	coefficients	coefficient	NOUN
faba-235	1	75	for	for	ADP
faba-235	1	76	capital	capital	NOUN
faba-235	1	77	adequacy	adequacy	NOUN
faba-235	1	78	,	,	PUNCT
faba-235	1	79	return	return	VERB
faba-235	1	80	on	on	ADP
faba-235	1	81	assets	asset	NOUN
faba-235	1	82	,	,	PUNCT
faba-235	1	83	and	and	CCONJ
faba-235	1	84	return	return	VERB
faba-235	1	85	on	on	ADP
faba-235	1	86	equity	equity	NOUN
faba-235	1	87	are	be	AUX
faba-235	1	88	crucial	crucial	ADJ
faba-235	1	89	metrics	metric	NOUN
faba-235	1	90	for	for	ADP
faba-235	1	91	assessing	assess	VERB
faba-235	1	92	the	the	DET
faba-235	1	93	impact	impact	NOUN
faba-235	1	94	of	of	ADP
faba-235	1	95	mergers	merger	NOUN
faba-235	1	96	and	and	CCONJ
faba-235	1	97	acquisitions	acquisition	NOUN
faba-235	1	98	within	within	ADP
faba-235	1	99	bulgaria	bulgaria	PROPN
faba-235	1	100	's	's	PART
faba-235	1	101	banking	banking	NOUN
faba-235	1	102	sector	sector	NOUN
faba-235	1	103	.	.	PUNCT
faba-235	2	1	the	the	DET
faba-235	2	2	present	present	ADJ
faba-235	2	3	study	study	NOUN
faba-235	2	4	aims	aim	VERB
faba-235	2	5	to	to	PART
faba-235	2	6	enhance	enhance	VERB
faba-235	2	7	understanding	understanding	NOUN
faba-235	2	8	of	of	ADP
faba-235	2	9	mergers	merger	NOUN
faba-235	2	10	and	and	CCONJ
faba-235	2	11	acquisitions	acquisition	NOUN
faba-235	2	12	in	in	ADP
faba-235	2	13	the	the	DET
faba-235	2	14	bulgarian	bulgarian	ADJ
faba-235	2	15	banking	banking	NOUN
faba-235	2	16	sector	sector	NOUN
faba-235	2	17	and	and	CCONJ
faba-235	2	18	their	their	PRON
faba-235	2	19	consequences	consequence	NOUN
faba-235	2	20	.	.	PUNCT
faba-235	3	1	the	the	DET
faba-235	3	2	paper	paper	NOUN
faba-235	3	3	analyzes	analyze	VERB
faba-235	3	4	the	the	DET
faba-235	3	5	variation	variation	NOUN
faba-235	3	6	in	in	ADP
faba-235	3	7	the	the	DET
faba-235	3	8	coefficients	coefficient	NOUN
faba-235	3	9	of	of	ADP
faba-235	3	10	banks	bank	NOUN
faba-235	3	11	that	that	PRON
faba-235	3	12	have	have	AUX
faba-235	3	13	undergone	undergo	VERB
faba-235	3	14	an	an	DET
faba-235	3	15	m&a	m&a	PROPN
faba-235	3	16	transaction	transaction	NOUN
faba-235	3	17	,	,	PUNCT
faba-235	3	18	comparing	compare	VERB
faba-235	3	19	two	two	NUM
faba-235	3	20	periods	period	NOUN
faba-235	3	21	:	:	PUNCT
faba-235	3	22	prior	prior	ADV
faba-235	3	23	to	to	ADP
faba-235	3	24	the	the	DET
faba-235	3	25	transaction	transaction	NOUN
faba-235	3	26	and	and	CCONJ
faba-235	3	27	subsequent	subsequent	ADJ
faba-235	3	28	to	to	ADP
faba-235	3	29	its	its	PRON
faba-235	3	30	execution	execution	NOUN
faba-235	3	31	.	.	PUNCT
faba-235	4	1	design	design	NOUN
faba-235	4	2	/	/	SYM
faba-235	4	3	methodology	methodology	NOUN
faba-235	4	4	/	/	SYM
faba-235	4	5	approach	approach	NOUN
faba-235	4	6	:	:	PUNCT
faba-235	4	7	the	the	DET
faba-235	4	8	study	study	NOUN
faba-235	4	9	analyzes	analyze	VERB
faba-235	4	10	banking	banking	NOUN
faba-235	4	11	institutions	institution	NOUN
faba-235	4	12	undergoing	undergo	VERB
faba-235	4	13	mergers	merger	NOUN
faba-235	4	14	and	and	CCONJ
faba-235	4	15	acquisitions	acquisition	NOUN
faba-235	4	16	in	in	ADP
faba-235	4	17	bulgaria	bulgaria	PROPN
faba-235	4	18	during	during	ADP
faba-235	4	19	the	the	DET
faba-235	4	20	period	period	NOUN
faba-235	4	21	2010	2010	NUM
faba-235	4	22	-	-	SYM
faba-235	4	23	2024	2024	NUM
faba-235	4	24	,	,	PUNCT
faba-235	4	25	focusing	focus	VERB
faba-235	4	26	on	on	ADP
faba-235	4	27	a	a	DET
faba-235	4	28	four	four	NUM
faba-235	4	29	-	-	PUNCT
faba-235	4	30	year	year	NOUN
faba-235	4	31	and	and	CCONJ
faba-235	4	32	five	five	NUM
faba-235	4	33	-	-	PUNCT
faba-235	4	34	year	year	NOUN
faba-235	4	35	period	period	NOUN
faba-235	4	36	before	before	ADP
faba-235	4	37	and	and	CCONJ
faba-235	4	38	after	after	ADP
faba-235	4	39	the	the	DET
faba-235	4	40	completion	completion	NOUN
faba-235	4	41	of	of	ADP
faba-235	4	42	the	the	DET
faba-235	4	43	transaction	transaction	NOUN
faba-235	4	44	.	.	PUNCT
faba-235	5	1	the	the	DET
faba-235	5	2	study	study	NOUN
faba-235	5	3	assesses	assess	VERB
faba-235	5	4	two	two	NUM
faba-235	5	5	hypotheses	hypothesis	NOUN
faba-235	5	6	:	:	PUNCT
faba-235	5	7	(	(	PUNCT
faba-235	5	8	1	1	X
faba-235	5	9	)	)	PUNCT
faba-235	5	10	m&a	m&a	PROPN
faba-235	5	11	transactions	transaction	NOUN
faba-235	5	12	do	do	AUX
faba-235	5	13	not	not	PART
faba-235	5	14	substantially	substantially	ADV
faba-235	5	15	enhance	enhance	VERB
faba-235	5	16	roe	roe	PROPN
faba-235	5	17	,	,	PUNCT
faba-235	5	18	roa	roa	PROPN
faba-235	5	19	,	,	PUNCT
faba-235	5	20	and	and	CCONJ
faba-235	5	21	car	car	NOUN
faba-235	5	22	,	,	PUNCT
faba-235	5	23	and	and	CCONJ
faba-235	5	24	(	(	PUNCT
faba-235	5	25	2	2	X
faba-235	5	26	)	)	PUNCT
faba-235	5	27	m&a	m&a	PROPN
faba-235	5	28	transactions	transaction	NOUN
faba-235	5	29	result	result	VERB
faba-235	5	30	in	in	ADP
faba-235	5	31	a	a	DET
faba-235	5	32	significant	significant	ADJ
faba-235	5	33	enhancement	enhancement	NOUN
faba-235	5	34	of	of	ADP
faba-235	5	35	these	these	DET
faba-235	5	36	metrics	metric	NOUN
faba-235	5	37	.	.	PUNCT
faba-235	6	1	the	the	DET
faba-235	6	2	study	study	NOUN
faba-235	6	3	used	use	VERB
faba-235	6	4	descriptive	descriptive	ADJ
faba-235	6	5	statistics	statistic	NOUN
faba-235	6	6	,	,	PUNCT
faba-235	6	7	including	include	VERB
faba-235	6	8	standard	standard	ADJ
faba-235	6	9	deviation	deviation	NOUN
faba-235	6	10	,	,	PUNCT
faba-235	6	11	arithmetic	arithmetic	ADJ
faba-235	6	12	mean	mean	NOUN
faba-235	6	13	,	,	PUNCT
faba-235	6	14	and	and	CCONJ
faba-235	6	15	hypothesis	hypothesis	NOUN
faba-235	6	16	testing	testing	NOUN
faba-235	6	17	,	,	PUNCT
faba-235	6	18	to	to	PART
faba-235	6	19	evaluate	evaluate	VERB
faba-235	6	20	the	the	DET
faba-235	6	21	changes	change	NOUN
faba-235	6	22	in	in	ADP
faba-235	6	23	the	the	DET
faba-235	6	24	ratios	ratio	NOUN
faba-235	6	25	of	of	ADP
faba-235	6	26	the	the	DET
faba-235	6	27	examined	examine	VERB
faba-235	6	28	banks	bank	NOUN
faba-235	6	29	.	.	PUNCT
faba-235	7	1	findings	finding	NOUN
faba-235	7	2	:	:	PUNCT
faba-235	7	3	the	the	DET
faba-235	7	4	research	research	NOUN
faba-235	7	5	findings	finding	NOUN
faba-235	7	6	indicate	indicate	VERB
faba-235	7	7	an	an	DET
faba-235	7	8	enhancement	enhancement	NOUN
faba-235	7	9	in	in	ADP
faba-235	7	10	the	the	DET
faba-235	7	11	capital	capital	NOUN
faba-235	7	12	adequacy	adequacy	NOUN
faba-235	7	13	ratio	ratio	NOUN
faba-235	7	14	and	and	CCONJ
faba-235	7	15	the	the	DET
faba-235	7	16	stabilization	stabilization	NOUN
faba-235	7	17	of	of	ADP
faba-235	7	18	roe	roe	PROPN
faba-235	7	19	and	and	CCONJ
faba-235	7	20	roa	roa	PROPN
faba-235	7	21	following	follow	VERB
faba-235	7	22	the	the	DET
faba-235	7	23	execution	execution	NOUN
faba-235	7	24	of	of	ADP
faba-235	7	25	merger	merger	NOUN
faba-235	7	26	and	and	CCONJ
faba-235	7	27	acquisition	acquisition	NOUN
faba-235	7	28	operations	operation	NOUN
faba-235	7	29	.	.	PUNCT
faba-235	8	1	the	the	DET
faba-235	8	2	total	total	ADJ
faba-235	8	3	impact	impact	NOUN
faba-235	8	4	on	on	ADP
faba-235	8	5	returns	return	NOUN
faba-235	8	6	in	in	ADP
faba-235	8	7	the	the	DET
faba-235	8	8	medium	medium	ADJ
faba-235	8	9	run	run	NOUN
faba-235	8	10	is	be	AUX
faba-235	8	11	not	not	PART
faba-235	8	12	statistically	statistically	ADV
faba-235	8	13	significant	significant	ADJ
faba-235	8	14	.	.	PUNCT
faba-235	9	1	besides	besides	SCONJ
faba-235	9	2	the	the	DET
faba-235	9	3	impact	impact	NOUN
faba-235	9	4	of	of	ADP
faba-235	9	5	transactions	transaction	NOUN
faba-235	9	6	,	,	PUNCT
faba-235	9	7	exogenous	exogenous	ADJ
faba-235	9	8	circumstances	circumstance	NOUN
faba-235	9	9	like	like	ADP
faba-235	9	10	the	the	DET
faba-235	9	11	covid-19	covid-19	PROPN
faba-235	9	12	epidemic	epidemic	NOUN
faba-235	9	13	and	and	CCONJ
faba-235	9	14	political	political	ADJ
faba-235	9	15	instability	instability	NOUN
faba-235	9	16	in	in	ADP
faba-235	9	17	bulgaria	bulgaria	PROPN
faba-235	9	18	also	also	ADV
faba-235	9	19	influence	influence	VERB
faba-235	9	20	the	the	DET
faba-235	9	21	coefficients	coefficient	NOUN
faba-235	9	22	.	.	PUNCT
faba-235	10	1	practical	practical	ADJ
faba-235	10	2	implication	implication	NOUN
faba-235	10	3	:	:	PUNCT
faba-235	10	4	the	the	DET
faba-235	10	5	study	study	NOUN
faba-235	10	6	offers	offer	VERB
faba-235	10	7	practical	practical	ADJ
faba-235	10	8	insights	insight	NOUN
faba-235	10	9	for	for	ADP
faba-235	10	10	policymakers	policymaker	NOUN
faba-235	10	11	,	,	PUNCT
faba-235	10	12	bank	bank	NOUN
faba-235	10	13	management	management	NOUN
faba-235	10	14	,	,	PUNCT
faba-235	10	15	and	and	CCONJ
faba-235	10	16	investors	investor	NOUN
faba-235	10	17	considering	consider	VERB
faba-235	10	18	m&a	m&a	PROPN
faba-235	10	19	transactions	transaction	NOUN
faba-235	10	20	in	in	ADP
faba-235	10	21	emerging	emerge	VERB
faba-235	10	22	markets	market	NOUN
faba-235	10	23	.	.	PUNCT
faba-235	11	1	it	it	PRON
faba-235	11	2	highlights	highlight	VERB
faba-235	11	3	the	the	DET
faba-235	11	4	importance	importance	NOUN
faba-235	11	5	of	of	ADP
faba-235	11	6	external	external	ADJ
faba-235	11	7	factors	factor	NOUN
faba-235	11	8	,	,	PUNCT
faba-235	11	9	such	such	ADJ
faba-235	11	10	as	as	ADP
faba-235	11	11	political	political	ADJ
faba-235	11	12	and	and	CCONJ
faba-235	11	13	economic	economic	ADJ
faba-235	11	14	stability	stability	NOUN
faba-235	11	15	,	,	PUNCT
faba-235	11	16	on	on	ADP
faba-235	11	17	the	the	DET
faba-235	11	18	success	success	NOUN
faba-235	11	19	of	of	ADP
faba-235	11	20	these	these	DET
faba-235	11	21	deals	deal	NOUN
faba-235	11	22	.	.	PUNCT
faba-235	12	1	the	the	DET
faba-235	12	2	findings	finding	NOUN
faba-235	12	3	provide	provide	VERB
faba-235	12	4	a	a	DET
faba-235	12	5	useful	useful	ADJ
faba-235	12	6	reference	reference	NOUN
faba-235	12	7	for	for	ADP
faba-235	12	8	strategic	strategic	ADJ
faba-235	12	9	planning	planning	NOUN
faba-235	12	10	and	and	CCONJ
faba-235	12	11	risk	risk	NOUN
faba-235	12	12	assessment	assessment	NOUN
faba-235	12	13	in	in	ADP
faba-235	12	14	future	future	ADJ
faba-235	12	15	m&a	m&a	PROPN
faba-235	12	16	activities	activity	NOUN
faba-235	12	17	within	within	ADP
faba-235	12	18	the	the	DET
faba-235	12	19	banking	banking	NOUN
faba-235	12	20	sector	sector	NOUN
faba-235	12	21	.	.	PUNCT
faba-235	13	1	originality	originality	NOUN
faba-235	13	2	/	/	SYM
faba-235	13	3	value	value	NOUN
faba-235	13	4	:	:	PUNCT
faba-235	13	5	the	the	DET
faba-235	13	6	study	study	NOUN
faba-235	13	7	enhances	enhance	VERB
faba-235	13	8	the	the	DET
faba-235	13	9	existing	exist	VERB
faba-235	13	10	literature	literature	NOUN
faba-235	13	11	on	on	ADP
faba-235	13	12	the	the	DET
faba-235	13	13	banking	banking	NOUN
faba-235	13	14	market	market	NOUN
faba-235	13	15	and	and	CCONJ
faba-235	13	16	m&a	m&a	PROPN
faba-235	13	17	transactions	transaction	NOUN
faba-235	13	18	,	,	PUNCT
faba-235	13	19	and	and	CCONJ
faba-235	13	20	more	more	ADV
faba-235	13	21	specifically	specifically	ADV
faba-235	13	22	in	in	ADP
faba-235	13	23	the	the	DET
faba-235	13	24	part	part	NOUN
faba-235	13	25	on	on	ADP
faba-235	13	26	the	the	DET
faba-235	13	27	bulgarian	bulgarian	ADJ
faba-235	13	28	banking	banking	NOUN
faba-235	13	29	market	market	NOUN
faba-235	13	30	which	which	PRON
faba-235	13	31	is	be	AUX
faba-235	13	32	insufficiently	insufficiently	ADV
faba-235	13	33	researched	research	VERB
faba-235	13	34	.	.	PUNCT
faba-235	14	1	it	it	PRON
faba-235	14	2	also	also	ADV
faba-235	14	3	highlights	highlight	VERB
faba-235	14	4	the	the	DET
faba-235	14	5	influence	influence	NOUN
faba-235	14	6	of	of	ADP
faba-235	14	7	external	external	ADJ
faba-235	14	8	factors	factor	NOUN
faba-235	14	9	in	in	ADP
faba-235	14	10	the	the	DET
faba-235	14	11	realization	realization	NOUN
faba-235	14	12	of	of	ADP
faba-235	14	13	m&a	m&a	PROPN
faba-235	14	14	transactions	transaction	NOUN
faba-235	14	15	,	,	PUNCT
faba-235	14	16	which	which	PRON
faba-235	14	17	contributes	contribute	VERB
faba-235	14	18	to	to	ADP
faba-235	14	19	a	a	DET
faba-235	14	20	deeper	deep	ADJ
faba-235	14	21	understanding	understanding	NOUN
faba-235	14	22	of	of	ADP
faba-235	14	23	these	these	DET
faba-235	14	24	transactions	transaction	NOUN
faba-235	14	25	and	and	CCONJ
faba-235	14	26	providing	provide	VERB
faba-235	14	27	a	a	DET
faba-235	14	28	foundation	foundation	NOUN
faba-235	14	29	for	for	ADP
faba-235	14	30	future	future	ADJ
faba-235	14	31	research	research	NOUN
faba-235	14	32	.	.	PUNCT
faba-235	15	1	paper	paper	NOUN
faba-235	15	2	type	type	NOUN
faba-235	15	3	:	:	PUNCT
faba-235	15	4	research	research	NOUN
faba-235	15	5	paper	paper	NOUN
faba-235	15	6	keywords	keyword	NOUN
faba-235	15	7	:	:	PUNCT
faba-235	15	8	banks	bank	NOUN
faba-235	15	9	,	,	PUNCT
faba-235	15	10	m&a	m&a	PROPN
faba-235	15	11	,	,	PUNCT
faba-235	15	12	capital	capital	NOUN
faba-235	15	13	adequacy	adequacy	NOUN
faba-235	15	14	,	,	PUNCT
faba-235	15	15	financial	financial	ADJ
faba-235	15	16	performance	performance	NOUN
faba-235	15	17	jel	jel	PROPN
faba-235	15	18	:	:	PUNCT
faba-235	15	19	g21	g21	PROPN
faba-235	15	20	g34	g34	PROPN
faba-235	15	21	*	*	PUNCT
faba-235	15	22	address	address	NOUN
faba-235	15	23	correspondence	correspondence	NOUN
faba-235	15	24	:	:	PUNCT
faba-235	16	1	e	e	X
faba-235	16	2	-	-	NOUN
faba-235	16	3	mail	mail	NOUN
faba-235	16	4	:	:	PUNCT
faba-235	16	5	ddimitrov4@gmail.com	ddimitrov4@gmail.com	X
faba-235	16	6	http://faba.bg/	http://faba.bg/	NOUN
faba-235	16	7	https://doi.org/10.37075/faba.2024.2.04	https://doi.org/10.37075/faba.2024.2.04	NOUN
faba-235	16	8	ddimitrov4@gmail.com	ddimitrov4@gmail.com	X
faba-235	16	9	https://orcid.org/0009-0009-3528-6639	https://orcid.org/0009-0009-3528-6639	PROPN
faba-235	16	10	daniel	daniel	PROPN
faba-235	16	11	dimitrov	dimitrov	PROPN
faba-235	16	12	/	/	SYM
faba-235	16	13	finance	finance	NOUN
faba-235	16	14	,	,	PUNCT
faba-235	16	15	accounting	accounting	NOUN
faba-235	16	16	and	and	CCONJ
faba-235	16	17	business	business	NOUN
faba-235	16	18	analysis	analysis	NOUN
faba-235	16	19	,	,	PUNCT
faba-235	16	20	volume	volume	NOUN
faba-235	16	21	6	6	NUM
faba-235	16	22	,	,	PUNCT
faba-235	16	23	issue	issue	NOUN
faba-235	16	24	2	2	NUM
faba-235	16	25	,	,	PUNCT
faba-235	16	26	2024	2024	NUM
faba-235	16	27	137	137	NUM
faba-235	16	28	introduction	introduction	NOUN
faba-235	16	29	financial	financial	ADJ
faba-235	16	30	markets	market	NOUN
faba-235	16	31	,	,	PUNCT
faba-235	16	32	and	and	CCONJ
faba-235	16	33	the	the	DET
faba-235	16	34	banking	banking	NOUN
faba-235	16	35	sector	sector	NOUN
faba-235	16	36	in	in	ADP
faba-235	16	37	particular	particular	ADJ
faba-235	16	38	,	,	PUNCT
faba-235	16	39	are	be	AUX
faba-235	16	40	among	among	ADP
faba-235	16	41	the	the	DET
faba-235	16	42	most	most	ADV
faba-235	16	43	regulated	regulate	VERB
faba-235	16	44	globally	globally	ADV
faba-235	16	45	.	.	PUNCT
faba-235	17	1	as	as	ADP
faba-235	17	2	a	a	DET
faba-235	17	3	fundamental	fundamental	ADJ
faba-235	17	4	part	part	NOUN
faba-235	17	5	of	of	ADP
faba-235	17	6	economic	economic	ADJ
faba-235	17	7	processes	process	NOUN
faba-235	17	8	,	,	PUNCT
faba-235	17	9	its	its	PRON
faba-235	17	10	stability	stability	NOUN
faba-235	17	11	is	be	AUX
faba-235	17	12	essential	essential	ADJ
faba-235	17	13	to	to	PART
faba-235	17	14	ensure	ensure	VERB
faba-235	17	15	economic	economic	ADJ
faba-235	17	16	growth	growth	NOUN
faba-235	17	17	and	and	CCONJ
faba-235	17	18	financial	financial	ADJ
faba-235	17	19	stability	stability	NOUN
faba-235	17	20	of	of	ADP
faba-235	17	21	the	the	DET
faba-235	17	22	economy	economy	NOUN
faba-235	17	23	.	.	PUNCT
faba-235	18	1	in	in	ADP
faba-235	18	2	financial	financial	ADJ
faba-235	18	3	science	science	NOUN
faba-235	18	4	and	and	CCONJ
faba-235	18	5	practice	practice	NOUN
faba-235	18	6	,	,	PUNCT
faba-235	18	7	mergers	merger	NOUN
faba-235	18	8	and	and	CCONJ
faba-235	18	9	acquisitions	acquisition	NOUN
faba-235	18	10	in	in	ADP
faba-235	18	11	banking	banking	NOUN
faba-235	18	12	markets	market	NOUN
faba-235	18	13	are	be	AUX
faba-235	18	14	important	important	ADJ
faba-235	18	15	as	as	ADP
faba-235	18	16	a	a	DET
faba-235	18	17	phenomenon	phenomenon	NOUN
faba-235	18	18	.	.	PUNCT
faba-235	19	1	in	in	ADP
faba-235	19	2	addition	addition	NOUN
faba-235	19	3	to	to	ADP
faba-235	19	4	their	their	PRON
faba-235	19	5	expression	expression	NOUN
faba-235	19	6	in	in	ADP
faba-235	19	7	the	the	DET
faba-235	19	8	development	development	NOUN
faba-235	19	9	of	of	ADP
faba-235	19	10	the	the	DET
faba-235	19	11	banking	banking	NOUN
faba-235	19	12	market	market	NOUN
faba-235	19	13	,	,	PUNCT
faba-235	19	14	they	they	PRON
faba-235	19	15	have	have	VERB
faba-235	19	16	an	an	DET
faba-235	19	17	impact	impact	NOUN
faba-235	19	18	on	on	ADP
faba-235	19	19	consumers	consumer	NOUN
faba-235	19	20	,	,	PUNCT
faba-235	19	21	competition	competition	NOUN
faba-235	19	22	and	and	CCONJ
faba-235	19	23	the	the	DET
faba-235	19	24	development	development	NOUN
faba-235	19	25	of	of	ADP
faba-235	19	26	services	service	NOUN
faba-235	19	27	,	,	PUNCT
faba-235	19	28	as	as	ADV
faba-235	19	29	well	well	ADV
faba-235	19	30	as	as	ADP
faba-235	19	31	on	on	ADP
faba-235	19	32	the	the	DET
faba-235	19	33	economy	economy	NOUN
faba-235	19	34	as	as	ADP
faba-235	19	35	a	a	DET
faba-235	19	36	whole	whole	NOUN
faba-235	19	37	.	.	PUNCT
faba-235	20	1	mergers	merger	NOUN
faba-235	20	2	and	and	CCONJ
faba-235	20	3	acquisitions	acquisition	NOUN
faba-235	20	4	,	,	PUNCT
faba-235	20	5	in	in	ADP
faba-235	20	6	addition	addition	NOUN
faba-235	20	7	to	to	ADP
faba-235	20	8	having	have	VERB
faba-235	20	9	a	a	DET
faba-235	20	10	positive	positive	ADJ
faba-235	20	11	effect	effect	NOUN
faba-235	20	12	,	,	PUNCT
faba-235	20	13	can	can	AUX
faba-235	20	14	also	also	ADV
faba-235	20	15	lead	lead	VERB
faba-235	20	16	to	to	AUX
faba-235	20	17	risk	risk	NOUN
faba-235	20	18	in	in	ADP
faba-235	20	19	the	the	DET
faba-235	20	20	financial	financial	ADJ
faba-235	20	21	system	system	NOUN
faba-235	20	22	if	if	SCONJ
faba-235	20	23	adequate	adequate	ADJ
faba-235	20	24	supervision	supervision	NOUN
faba-235	20	25	is	be	AUX
faba-235	20	26	not	not	PART
faba-235	20	27	applied	apply	VERB
faba-235	20	28	to	to	ADP
faba-235	20	29	the	the	DET
faba-235	20	30	transaction	transaction	NOUN
faba-235	20	31	.	.	PUNCT
faba-235	21	1	it	it	PRON
faba-235	21	2	is	be	AUX
faba-235	21	3	common	common	ADJ
faba-235	21	4	practice	practice	NOUN
faba-235	21	5	for	for	SCONJ
faba-235	21	6	banks	bank	NOUN
faba-235	21	7	to	to	PART
faba-235	21	8	use	use	VERB
faba-235	21	9	m&a	m&a	PROPN
faba-235	21	10	transactions	transaction	NOUN
faba-235	21	11	for	for	ADP
faba-235	21	12	their	their	PRON
faba-235	21	13	development	development	NOUN
faba-235	21	14	,	,	PUNCT
faba-235	21	15	in	in	ADP
faba-235	21	16	addition	addition	NOUN
faba-235	21	17	to	to	ADP
faba-235	21	18	the	the	DET
faba-235	21	19	internal	internal	ADJ
faba-235	21	20	potential	potential	NOUN
faba-235	21	21	within	within	ADP
faba-235	21	22	the	the	DET
faba-235	21	23	company	company	NOUN
faba-235	21	24	.	.	PUNCT
faba-235	22	1	by	by	ADP
faba-235	22	2	using	use	VERB
faba-235	22	3	this	this	DET
faba-235	22	4	tool	tool	NOUN
faba-235	22	5	,	,	PUNCT
faba-235	22	6	they	they	PRON
faba-235	22	7	aim	aim	VERB
faba-235	22	8	to	to	PART
faba-235	22	9	achieve	achieve	VERB
faba-235	22	10	greater	great	ADJ
faba-235	22	11	efficiency	efficiency	NOUN
faba-235	22	12	,	,	PUNCT
faba-235	22	13	strengthen	strengthen	VERB
faba-235	22	14	and	and	CCONJ
faba-235	22	15	expand	expand	VERB
faba-235	22	16	market	market	NOUN
faba-235	22	17	positions	position	NOUN
faba-235	22	18	and	and	CCONJ
faba-235	22	19	provide	provide	VERB
faba-235	22	20	more	more	ADJ
faba-235	22	21	products	product	NOUN
faba-235	22	22	to	to	ADP
faba-235	22	23	consumers	consumer	NOUN
faba-235	22	24	.	.	PUNCT
faba-235	23	1	the	the	DET
faba-235	23	2	development	development	NOUN
faba-235	23	3	of	of	ADP
faba-235	23	4	bulgaria	bulgaria	PROPN
faba-235	23	5	in	in	ADP
faba-235	23	6	recent	recent	ADJ
faba-235	23	7	years	year	NOUN
faba-235	23	8	also	also	ADV
faba-235	23	9	implies	imply	VERB
faba-235	23	10	an	an	DET
faba-235	23	11	increase	increase	NOUN
faba-235	23	12	in	in	ADP
faba-235	23	13	m&a	m&a	PROPN
faba-235	23	14	transactions	transaction	NOUN
faba-235	23	15	,	,	PUNCT
faba-235	23	16	which	which	PRON
faba-235	23	17	has	have	AUX
faba-235	23	18	been	be	AUX
faba-235	23	19	observed	observe	VERB
faba-235	23	20	in	in	ADP
faba-235	23	21	recent	recent	ADJ
faba-235	23	22	years	year	NOUN
faba-235	23	23	.	.	PUNCT
faba-235	24	1	the	the	DET
faba-235	24	2	financial	financial	ADJ
faba-235	24	3	crisis	crisis	NOUN
faba-235	24	4	of	of	ADP
faba-235	24	5	2008	2008	NUM
faba-235	24	6	,	,	PUNCT
faba-235	24	7	the	the	DET
faba-235	24	8	bankruptcy	bankruptcy	NOUN
faba-235	24	9	of	of	ADP
faba-235	24	10	corporate	corporate	ADJ
faba-235	24	11	commercial	commercial	ADJ
faba-235	24	12	bank	bank	NOUN
faba-235	24	13	ad	ad	NOUN
faba-235	24	14	,	,	PUNCT
faba-235	24	15	the	the	DET
faba-235	24	16	covid-19	covid-19	PROPN
faba-235	24	17	pandemic	pandemic	NOUN
faba-235	24	18	,	,	PUNCT
faba-235	24	19	and	and	CCONJ
faba-235	24	20	future	future	ADJ
faba-235	24	21	membership	membership	NOUN
faba-235	24	22	in	in	ADP
faba-235	24	23	the	the	DET
faba-235	24	24	eurozone	eurozone	NOUN
faba-235	24	25	have	have	AUX
faba-235	24	26	highlighted	highlight	VERB
faba-235	24	27	the	the	DET
faba-235	24	28	need	need	NOUN
faba-235	24	29	for	for	ADP
faba-235	24	30	stability	stability	NOUN
faba-235	24	31	in	in	ADP
faba-235	24	32	the	the	DET
faba-235	24	33	banking	banking	NOUN
faba-235	24	34	institutions	institution	NOUN
faba-235	24	35	sector	sector	NOUN
faba-235	24	36	.	.	PUNCT
faba-235	25	1	the	the	DET
faba-235	25	2	banking	banking	NOUN
faba-235	25	3	market	market	NOUN
faba-235	25	4	in	in	ADP
faba-235	25	5	bulgaria	bulgaria	PROPN
faba-235	25	6	consists	consist	VERB
faba-235	25	7	of	of	ADP
faba-235	25	8	domestic	domestic	ADJ
faba-235	25	9	banks	bank	NOUN
faba-235	25	10	,	,	PUNCT
faba-235	25	11	subsidiaries	subsidiary	NOUN
faba-235	25	12	of	of	ADP
faba-235	25	13	internationally	internationally	ADV
faba-235	25	14	important	important	ADJ
faba-235	25	15	banking	banking	NOUN
faba-235	25	16	corporations	corporation	NOUN
faba-235	25	17	,	,	PUNCT
faba-235	25	18	and	and	CCONJ
faba-235	25	19	branches	branch	NOUN
faba-235	25	20	of	of	ADP
faba-235	25	21	foreign	foreign	ADJ
faba-235	25	22	banks	bank	NOUN
faba-235	25	23	.	.	PUNCT
faba-235	26	1	the	the	DET
faba-235	26	2	bulgarian	bulgarian	ADJ
faba-235	26	3	banking	banking	NOUN
faba-235	26	4	market	market	NOUN
faba-235	26	5	has	have	AUX
faba-235	26	6	remained	remain	VERB
faba-235	26	7	relatively	relatively	ADV
faba-235	26	8	stable	stable	ADJ
faba-235	26	9	over	over	ADP
faba-235	26	10	the	the	DET
faba-235	26	11	years	year	NOUN
faba-235	26	12	,	,	PUNCT
faba-235	26	13	although	although	SCONJ
faba-235	26	14	it	it	PRON
faba-235	26	15	has	have	AUX
faba-235	26	16	been	be	AUX
faba-235	26	17	tested	test	VERB
faba-235	26	18	by	by	ADP
faba-235	26	19	the	the	DET
faba-235	26	20	collapse	collapse	NOUN
faba-235	26	21	of	of	ADP
faba-235	26	22	corporate	corporate	ADJ
faba-235	26	23	commercial	commercial	ADJ
faba-235	26	24	bank	bank	NOUN
faba-235	26	25	ad	ad	NOUN
faba-235	26	26	.	.	PUNCT
faba-235	27	1	the	the	DET
faba-235	27	2	growth	growth	NOUN
faba-235	27	3	of	of	ADP
faba-235	27	4	technology	technology	NOUN
faba-235	27	5	and	and	CCONJ
faba-235	27	6	consumer	consumer	NOUN
faba-235	27	7	demands	demand	NOUN
faba-235	27	8	imply	imply	VERB
faba-235	27	9	a	a	DET
faba-235	27	10	deepening	deepen	VERB
faba-235	27	11	transformation	transformation	NOUN
faba-235	27	12	of	of	ADP
faba-235	27	13	the	the	DET
faba-235	27	14	banking	banking	NOUN
faba-235	27	15	sector	sector	NOUN
faba-235	27	16	.	.	PUNCT
faba-235	28	1	driven	drive	VERB
faba-235	28	2	by	by	ADP
faba-235	28	3	the	the	DET
faba-235	28	4	desire	desire	NOUN
faba-235	28	5	for	for	ADP
faba-235	28	6	stability	stability	NOUN
faba-235	28	7	,	,	PUNCT
faba-235	28	8	development	development	NOUN
faba-235	28	9	,	,	PUNCT
faba-235	28	10	and	and	CCONJ
faba-235	28	11	greater	great	ADJ
faba-235	28	12	market	market	NOUN
faba-235	28	13	share	share	NOUN
faba-235	28	14	,	,	PUNCT
faba-235	28	15	banks	bank	NOUN
faba-235	28	16	in	in	ADP
faba-235	28	17	bulgaria	bulgaria	PROPN
faba-235	28	18	have	have	AUX
faba-235	28	19	undertaken	undertake	VERB
faba-235	28	20	numerous	numerous	ADJ
faba-235	28	21	consolidation	consolidation	NOUN
faba-235	28	22	transactions	transaction	NOUN
faba-235	28	23	in	in	ADP
faba-235	28	24	the	the	DET
faba-235	28	25	sector	sector	NOUN
faba-235	28	26	.	.	PUNCT
faba-235	29	1	the	the	DET
faba-235	29	2	study	study	NOUN
faba-235	29	3	aims	aim	VERB
faba-235	29	4	to	to	PART
faba-235	29	5	analyze	analyze	VERB
faba-235	29	6	the	the	DET
faba-235	29	7	financial	financial	ADJ
faba-235	29	8	performance	performance	NOUN
faba-235	29	9	of	of	ADP
faba-235	29	10	bulgarian	bulgarian	ADJ
faba-235	29	11	banks	bank	NOUN
faba-235	29	12	and	and	CCONJ
faba-235	29	13	how	how	SCONJ
faba-235	29	14	m&a	m&a	PROPN
faba-235	29	15	transactions	transaction	NOUN
faba-235	29	16	have	have	AUX
faba-235	29	17	affected	affect	VERB
faba-235	29	18	selected	select	VERB
faba-235	29	19	financial	financial	ADJ
faba-235	29	20	ratios	ratio	NOUN
faba-235	29	21	.	.	PUNCT
faba-235	30	1	the	the	DET
faba-235	30	2	focus	focus	NOUN
faba-235	30	3	of	of	ADP
faba-235	30	4	the	the	DET
faba-235	30	5	study	study	NOUN
faba-235	30	6	will	will	AUX
faba-235	30	7	be	be	AUX
faba-235	30	8	on	on	ADP
faba-235	30	9	the	the	DET
faba-235	30	10	analysis	analysis	NOUN
faba-235	30	11	of	of	ADP
faba-235	30	12	key	key	ADJ
faba-235	30	13	indicators	indicator	NOUN
faba-235	30	14	measuring	measure	VERB
faba-235	30	15	the	the	DET
faba-235	30	16	financial	financial	ADJ
faba-235	30	17	performance	performance	NOUN
faba-235	30	18	of	of	ADP
faba-235	30	19	corporations	corporation	NOUN
faba-235	30	20	return	return	VERB
faba-235	30	21	on	on	ADP
faba-235	30	22	assets	asset	NOUN
faba-235	30	23	and	and	CCONJ
faba-235	30	24	equity	equity	NOUN
faba-235	30	25	and	and	CCONJ
faba-235	30	26	capital	capital	NOUN
faba-235	30	27	adequacy	adequacy	NOUN
faba-235	30	28	ratio	ratio	NOUN
faba-235	30	29	.	.	PUNCT
faba-235	31	1	since	since	SCONJ
faba-235	31	2	these	these	DET
faba-235	31	3	ratios	ratio	NOUN
faba-235	31	4	are	be	AUX
faba-235	31	5	fundamental	fundamental	ADJ
faba-235	31	6	to	to	ADP
faba-235	31	7	a	a	DET
faba-235	31	8	bank	bank	NOUN
faba-235	31	9	's	's	PART
faba-235	31	10	financial	financial	ADJ
faba-235	31	11	evaluation	evaluation	NOUN
faba-235	31	12	,	,	PUNCT
faba-235	31	13	they	they	PRON
faba-235	31	14	will	will	AUX
faba-235	31	15	be	be	AUX
faba-235	31	16	examined	examine	VERB
faba-235	31	17	before	before	ADV
faba-235	31	18	and	and	CCONJ
faba-235	31	19	after	after	ADP
faba-235	31	20	m&a	m&a	PROPN
faba-235	31	21	transactions	transaction	NOUN
faba-235	31	22	to	to	PART
faba-235	31	23	gain	gain	VERB
faba-235	31	24	a	a	DET
faba-235	31	25	clearer	clear	ADJ
faba-235	31	26	understanding	understanding	NOUN
faba-235	31	27	of	of	ADP
faba-235	31	28	the	the	DET
faba-235	31	29	impact	impact	NOUN
faba-235	31	30	of	of	ADP
faba-235	31	31	these	these	DET
faba-235	31	32	transactions	transaction	NOUN
faba-235	31	33	on	on	ADP
faba-235	31	34	bank	bank	NOUN
faba-235	31	35	performance	performance	NOUN
faba-235	31	36	.	.	PUNCT
faba-235	32	1	to	to	PART
faba-235	32	2	achieve	achieve	VERB
faba-235	32	3	the	the	DET
faba-235	32	4	objective	objective	NOUN
faba-235	32	5	of	of	ADP
faba-235	32	6	this	this	DET
faba-235	32	7	study	study	NOUN
faba-235	32	8	,	,	PUNCT
faba-235	32	9	the	the	DET
faba-235	32	10	focus	focus	NOUN
faba-235	32	11	will	will	AUX
faba-235	32	12	be	be	AUX
faba-235	32	13	on	on	ADP
faba-235	32	14	the	the	DET
faba-235	32	15	following	follow	VERB
faba-235	32	16	areas	area	NOUN
faba-235	32	17	:	:	PUNCT
faba-235	32	18	profitability	profitability	NOUN
faba-235	32	19	analysis	analysis	NOUN
faba-235	32	20	through	through	ADP
faba-235	32	21	roa	roa	PROPN
faba-235	32	22	and	and	CCONJ
faba-235	32	23	roe	roe	PROPN
faba-235	32	24	and	and	CCONJ
faba-235	32	25	how	how	SCONJ
faba-235	32	26	they	they	PRON
faba-235	32	27	change	change	VERB
faba-235	32	28	after	after	ADP
faba-235	32	29	the	the	DET
faba-235	32	30	transactions	transaction	NOUN
faba-235	32	31	;	;	PUNCT
faba-235	32	32	change	change	NOUN
faba-235	32	33	in	in	ADP
faba-235	32	34	capital	capital	NOUN
faba-235	32	35	adequacy	adequacy	NOUN
faba-235	32	36	ratio	ratio	NOUN
faba-235	32	37	through	through	ADP
faba-235	32	38	which	which	PRON
faba-235	32	39	the	the	DET
faba-235	32	40	impact	impact	NOUN
faba-235	32	41	of	of	ADP
faba-235	32	42	these	these	DET
faba-235	32	43	transactions	transaction	NOUN
faba-235	32	44	will	will	AUX
faba-235	32	45	be	be	AUX
faba-235	32	46	examined	examine	VERB
faba-235	32	47	.	.	PUNCT
faba-235	33	1	mergers	merger	NOUN
faba-235	33	2	and	and	CCONJ
faba-235	33	3	acquisitions	acquisition	NOUN
faba-235	33	4	of	of	ADP
faba-235	33	5	bulgarian	bulgarian	ADJ
faba-235	33	6	banks	bank	NOUN
faba-235	33	7	typically	typically	ADV
faba-235	33	8	enhance	enhance	VERB
faba-235	33	9	capital	capital	NOUN
faba-235	33	10	adequacy	adequacy	NOUN
faba-235	33	11	in	in	ADP
faba-235	33	12	the	the	DET
faba-235	33	13	medium	medium	ADJ
faba-235	33	14	term	term	NOUN
faba-235	33	15	,	,	PUNCT
faba-235	33	16	although	although	SCONJ
faba-235	33	17	the	the	DET
faba-235	33	18	impact	impact	NOUN
faba-235	33	19	on	on	ADP
faba-235	33	20	profitability	profitability	NOUN
faba-235	33	21	varies	varie	NOUN
faba-235	33	22	and	and	CCONJ
faba-235	33	23	depends	depend	VERB
faba-235	33	24	on	on	ADP
faba-235	33	25	the	the	DET
faba-235	33	26	specific	specific	ADJ
faba-235	33	27	characteristics	characteristic	NOUN
faba-235	33	28	of	of	ADP
faba-235	33	29	each	each	DET
faba-235	33	30	merger	merger	NOUN
faba-235	33	31	.	.	PUNCT
faba-235	34	1	the	the	DET
faba-235	34	2	following	follow	VERB
faba-235	34	3	hypotheses	hypothesis	NOUN
faba-235	34	4	are	be	AUX
faba-235	34	5	being	be	AUX
faba-235	34	6	investigated	investigate	VERB
faba-235	34	7	:	:	PUNCT
faba-235	34	8	1	1	NUM
faba-235	34	9	)	)	PUNCT
faba-235	34	10	m&a	m&a	PROPN
faba-235	34	11	transactions	transaction	NOUN
faba-235	34	12	do	do	AUX
faba-235	34	13	not	not	PART
faba-235	34	14	significantly	significantly	ADV
faba-235	34	15	improve	improve	VERB
faba-235	34	16	roe	roe	NOUN
faba-235	34	17	,	,	PUNCT
faba-235	34	18	roa	roa	PROPN
faba-235	34	19	,	,	PUNCT
faba-235	34	20	and	and	CCONJ
faba-235	34	21	car	car	NOUN
faba-235	34	22	ratios	ratio	NOUN
faba-235	34	23	.	.	PUNCT
faba-235	35	1	2	2	X
faba-235	35	2	)	)	PUNCT
faba-235	35	3	m&a	m&a	PROPN
faba-235	35	4	transactions	transaction	NOUN
faba-235	35	5	significantly	significantly	ADV
faba-235	35	6	improve	improve	VERB
faba-235	35	7	roe	roe	NOUN
faba-235	35	8	,	,	PUNCT
faba-235	35	9	roa	roa	PROPN
faba-235	35	10	,	,	PUNCT
faba-235	35	11	and	and	CCONJ
faba-235	35	12	car	car	NOUN
faba-235	35	13	based	base	VERB
faba-235	35	14	on	on	ADP
faba-235	35	15	the	the	DET
faba-235	35	16	analyses	analysis	NOUN
faba-235	35	17	performed	perform	VERB
faba-235	35	18	and	and	CCONJ
faba-235	35	19	the	the	DET
faba-235	35	20	results	result	NOUN
faba-235	35	21	obtained	obtain	VERB
faba-235	35	22	,	,	PUNCT
faba-235	35	23	the	the	DET
faba-235	35	24	study	study	NOUN
faba-235	35	25	aims	aim	VERB
faba-235	35	26	to	to	PART
faba-235	35	27	provide	provide	VERB
faba-235	35	28	an	an	DET
faba-235	35	29	in	in	ADP
faba-235	35	30	-	-	PUNCT
faba-235	35	31	depth	depth	NOUN
faba-235	35	32	understanding	understanding	NOUN
faba-235	35	33	of	of	ADP
faba-235	35	34	the	the	DET
faba-235	35	35	financial	financial	ADJ
faba-235	35	36	performance	performance	NOUN
faba-235	35	37	of	of	ADP
faba-235	35	38	m&a	m&a	PROPN
faba-235	35	39	transactions	transaction	NOUN
faba-235	35	40	in	in	ADP
faba-235	35	41	the	the	DET
faba-235	35	42	context	context	NOUN
faba-235	35	43	of	of	ADP
faba-235	35	44	the	the	DET
faba-235	35	45	bulgarian	bulgarian	ADJ
faba-235	35	46	banking	banking	NOUN
faba-235	35	47	market	market	NOUN
faba-235	35	48	.	.	PUNCT
faba-235	36	1	additionally	additionally	ADV
faba-235	36	2	,	,	PUNCT
faba-235	36	3	the	the	DET
faba-235	36	4	findings	finding	NOUN
faba-235	36	5	of	of	ADP
faba-235	36	6	the	the	DET
faba-235	36	7	study	study	NOUN
faba-235	36	8	can	can	AUX
faba-235	36	9	serve	serve	VERB
faba-235	36	10	the	the	DET
faba-235	36	11	management	management	NOUN
faba-235	36	12	and	and	CCONJ
faba-235	36	13	stakeholders	stakeholder	NOUN
faba-235	36	14	to	to	PART
faba-235	36	15	implement	implement	VERB
faba-235	36	16	better	well	ADJ
faba-235	36	17	such	such	ADJ
faba-235	36	18	type	type	NOUN
faba-235	36	19	of	of	ADP
faba-235	36	20	transactions	transaction	NOUN
faba-235	36	21	in	in	ADP
faba-235	36	22	the	the	DET
faba-235	36	23	market	market	NOUN
faba-235	36	24	and	and	CCONJ
faba-235	36	25	their	their	PRON
faba-235	36	26	implications	implication	NOUN
faba-235	36	27	.	.	PUNCT
faba-235	37	1	literature	literature	NOUN
faba-235	37	2	review	review	VERB
faba-235	37	3	the	the	DET
faba-235	37	4	issue	issue	NOUN
faba-235	37	5	of	of	ADP
faba-235	37	6	mergers	merger	NOUN
faba-235	37	7	and	and	CCONJ
faba-235	37	8	acquisitions	acquisition	NOUN
faba-235	37	9	has	have	AUX
faba-235	37	10	been	be	AUX
faba-235	37	11	addressed	address	VERB
faba-235	37	12	in	in	ADP
faba-235	37	13	a	a	DET
faba-235	37	14	number	number	NOUN
faba-235	37	15	of	of	ADP
faba-235	37	16	studies	study	NOUN
faba-235	37	17	and	and	CCONJ
faba-235	37	18	publications	publication	NOUN
faba-235	37	19	.	.	PUNCT
faba-235	38	1	in	in	ADP
faba-235	38	2	practice	practice	NOUN
faba-235	38	3	,	,	PUNCT
faba-235	38	4	several	several	ADJ
faba-235	38	5	theoretical	theoretical	ADJ
faba-235	38	6	concepts	concept	NOUN
faba-235	38	7	in	in	ADP
faba-235	38	8	the	the	DET
faba-235	38	9	field	field	NOUN
faba-235	38	10	of	of	ADP
faba-235	38	11	m&a	m&a	PROPN
faba-235	38	12	can	can	AUX
faba-235	38	13	be	be	AUX
faba-235	38	14	identified	identify	VERB
faba-235	38	15	.	.	PUNCT
faba-235	39	1	berger	berger	PROPN
faba-235	39	2	et	et	PROPN
faba-235	39	3	al	al	PROPN
faba-235	39	4	.	.	PROPN
faba-235	40	1	(	(	PUNCT
faba-235	40	2	1993	1993	NUM
faba-235	40	3	)	)	PUNCT
faba-235	40	4	in	in	ADP
faba-235	40	5	their	their	PRON
faba-235	40	6	research	research	NOUN
faba-235	40	7	examine	examine	VERB
faba-235	40	8	the	the	DET
faba-235	40	9	efficiency	efficiency	NOUN
faba-235	40	10	theory	theory	NOUN
faba-235	40	11	.	.	PUNCT
faba-235	41	1	specifically	specifically	ADV
faba-235	41	2	,	,	PUNCT
faba-235	41	3	the	the	DET
faba-235	41	4	theory	theory	NOUN
faba-235	41	5	posits	posit	VERB
faba-235	41	6	the	the	DET
faba-235	41	7	understanding	understanding	NOUN
faba-235	41	8	that	that	SCONJ
faba-235	41	9	the	the	DET
faba-235	41	10	driving	drive	VERB
faba-235	41	11	force	force	NOUN
faba-235	41	12	in	in	ADP
faba-235	41	13	m&a	m&a	PROPN
faba-235	41	14	transactions	transaction	NOUN
faba-235	41	15	is	be	AUX
faba-235	41	16	the	the	DET
faba-235	41	17	achievement	achievement	NOUN
faba-235	41	18	of	of	ADP
faba-235	41	19	higher	high	ADJ
faba-235	41	20	operational	operational	ADJ
faba-235	41	21	efficiency	efficiency	NOUN
faba-235	41	22	,	,	PUNCT
faba-235	41	23	which	which	PRON
faba-235	41	24	will	will	AUX
faba-235	41	25	lead	lead	VERB
faba-235	41	26	to	to	ADP
faba-235	41	27	increased	increase	VERB
faba-235	41	28	profitability	profitability	NOUN
faba-235	41	29	and	and	CCONJ
faba-235	41	30	reduced	reduced	ADJ
faba-235	41	31	costs	cost	NOUN
faba-235	41	32	.	.	PUNCT
faba-235	42	1	another	another	DET
faba-235	42	2	theory	theory	NOUN
faba-235	42	3	examining	examine	VERB
faba-235	42	4	m&a	m&a	PROPN
faba-235	42	5	transactions	transaction	NOUN
faba-235	42	6	is	be	AUX
faba-235	42	7	touched	touch	VERB
faba-235	42	8	upon	upon	SCONJ
faba-235	42	9	by	by	ADP
faba-235	42	10	hannan	hannan	PROPN
faba-235	42	11	and	and	CCONJ
faba-235	42	12	pilloff	pilloff	NOUN
faba-235	42	13	(	(	PUNCT
faba-235	42	14	2009	2009	NUM
faba-235	42	15	)	)	PUNCT
faba-235	42	16	.	.	PUNCT
faba-235	43	1	they	they	PRON
faba-235	43	2	formulate	formulate	VERB
faba-235	43	3	the	the	DET
faba-235	43	4	so	so	ADV
faba-235	43	5	-	-	PUNCT
faba-235	43	6	called	call	VERB
faba-235	43	7	market	market	NOUN
faba-235	43	8	power	power	NOUN
faba-235	43	9	theory	theory	NOUN
faba-235	43	10	and	and	CCONJ
faba-235	43	11	argue	argue	VERB
faba-235	43	12	that	that	SCONJ
faba-235	43	13	market	market	NOUN
faba-235	43	14	consolidation	consolidation	NOUN
faba-235	43	15	through	through	ADP
faba-235	43	16	m&a	m&a	PROPN
faba-235	43	17	leads	lead	VERB
faba-235	43	18	to	to	ADP
faba-235	43	19	higher	high	ADJ
faba-235	43	20	profits	profit	NOUN
faba-235	43	21	precisely	precisely	ADV
faba-235	43	22	because	because	SCONJ
faba-235	43	23	of	of	ADP
faba-235	43	24	reduced	reduced	ADJ
faba-235	43	25	competition	competition	NOUN
faba-235	43	26	.	.	PUNCT
faba-235	44	1	this	this	PRON
faba-235	44	2	is	be	AUX
faba-235	44	3	conditioned	condition	VERB
faba-235	44	4	by	by	ADP
faba-235	44	5	the	the	DET
faba-235	44	6	assumption	assumption	NOUN
faba-235	44	7	that	that	SCONJ
faba-235	44	8	a	a	DET
faba-235	44	9	greater	great	ADJ
faba-235	44	10	impact	impact	NOUN
faba-235	44	11	on	on	ADP
faba-235	44	12	competition	competition	NOUN
faba-235	44	13	and	and	CCONJ
faba-235	44	14	service	service	NOUN
faba-235	44	15	prices	price	NOUN
faba-235	44	16	is	be	AUX
faba-235	44	17	realized	realize	VERB
faba-235	44	18	through	through	ADP
faba-235	44	19	these	these	DET
faba-235	44	20	transactions	transaction	NOUN
faba-235	44	21	.	.	PUNCT
faba-235	45	1	financial	financial	ADJ
faba-235	45	2	synergy	synergy	NOUN
faba-235	45	3	theory	theory	NOUN
faba-235	45	4	provides	provide	VERB
faba-235	45	5	another	another	DET
faba-235	45	6	perspective	perspective	NOUN
faba-235	45	7	on	on	ADP
faba-235	45	8	the	the	DET
faba-235	45	9	motives	motive	NOUN
faba-235	45	10	behind	behind	ADP
faba-235	45	11	m&a	m&a	PROPN
faba-235	45	12	transactions	transaction	NOUN
faba-235	45	13	.	.	PUNCT
faba-235	46	1	it	it	PRON
faba-235	46	2	argues	argue	VERB
faba-235	46	3	that	that	SCONJ
faba-235	46	4	these	these	DET
faba-235	46	5	types	type	NOUN
faba-235	46	6	of	of	ADP
faba-235	46	7	transformations	transformation	NOUN
faba-235	46	8	enable	enable	VERB
faba-235	46	9	banking	banking	NOUN
faba-235	46	10	institutions	institution	NOUN
faba-235	46	11	to	to	PART
faba-235	46	12	achieve	achieve	VERB
faba-235	46	13	greater	great	ADJ
faba-235	46	14	financial	financial	ADJ
faba-235	46	15	strength	strength	NOUN
faba-235	46	16	and	and	CCONJ
faba-235	46	17	improved	improve	VERB
faba-235	46	18	capital	capital	NOUN
faba-235	46	19	adequacy	adequacy	NOUN
faba-235	46	20	.	.	PUNCT
faba-235	47	1	gaughan	gaughan	PROPN
faba-235	47	2	(	(	PUNCT
faba-235	47	3	2011	2011	NUM
faba-235	47	4	)	)	PUNCT
faba-235	47	5	,	,	PUNCT
faba-235	47	6	in	in	ADP
faba-235	47	7	his	his	PRON
faba-235	47	8	study	study	NOUN
faba-235	47	9	,	,	PUNCT
faba-235	47	10	touches	touch	VERB
faba-235	47	11	on	on	ADP
faba-235	47	12	the	the	DET
faba-235	47	13	assumption	assumption	NOUN
faba-235	47	14	that	that	SCONJ
faba-235	47	15	through	through	ADP
faba-235	47	16	synergies	synergy	NOUN
faba-235	47	17	,	,	PUNCT
faba-235	47	18	the	the	DET
faba-235	47	19	cost	cost	NOUN
faba-235	47	20	of	of	ADP
faba-235	47	21	capital	capital	NOUN
faba-235	47	22	can	can	AUX
faba-235	47	23	be	be	AUX
faba-235	47	24	reduced	reduce	VERB
faba-235	47	25	and	and	CCONJ
faba-235	47	26	the	the	DET
faba-235	47	27	financial	financial	ADJ
faba-235	47	28	stability	stability	NOUN
faba-235	47	29	of	of	ADP
faba-235	47	30	companies	company	NOUN
faba-235	47	31	as	as	ADP
faba-235	47	32	a	a	DET
faba-235	47	33	whole	whole	NOUN
faba-235	47	34	can	can	AUX
faba-235	47	35	be	be	AUX
faba-235	47	36	improved	improve	VERB
faba-235	47	37	.	.	PUNCT
faba-235	48	1	apart	apart	ADV
faba-235	48	2	from	from	ADP
faba-235	48	3	the	the	DET
faba-235	48	4	theoretical	theoretical	ADJ
faba-235	48	5	propositions	proposition	NOUN
faba-235	48	6	,	,	PUNCT
faba-235	48	7	there	there	PRON
faba-235	48	8	is	be	VERB
faba-235	48	9	also	also	ADV
faba-235	48	10	a	a	DET
faba-235	48	11	lot	lot	NOUN
faba-235	48	12	of	of	ADP
faba-235	48	13	empirical	empirical	ADJ
faba-235	48	14	research	research	NOUN
faba-235	48	15	related	relate	VERB
faba-235	48	16	to	to	ADP
faba-235	48	17	m&a	m&a	PROPN
faba-235	48	18	and	and	CCONJ
faba-235	48	19	its	its	PRON
faba-235	48	20	complexity	complexity	NOUN
faba-235	48	21	as	as	ADP
faba-235	48	22	an	an	DET
faba-235	48	23	impact	impact	NOUN
faba-235	48	24	.	.	PUNCT
faba-235	49	1	such	such	DET
faba-235	49	2	a	a	DET
faba-235	49	3	study	study	NOUN
faba-235	49	4	was	be	AUX
faba-235	49	5	carried	carry	VERB
faba-235	49	6	out	out	ADP
faba-235	49	7	by	by	ADP
faba-235	49	8	altunbaş	altunbaş	NOUN
faba-235	49	9	and	and	CCONJ
faba-235	49	10	marques	marque	NOUN
faba-235	49	11	-	-	NOUN
faba-235	49	12	ibanez	ibanez	PROPN
faba-235	49	13	(	(	PUNCT
faba-235	49	14	2008	2008	NUM
faba-235	49	15	)	)	PUNCT
faba-235	49	16	,	,	PUNCT
faba-235	49	17	who	who	PRON
faba-235	49	18	studied	study	VERB
faba-235	49	19	european	european	ADJ
faba-235	49	20	banks	bank	NOUN
faba-235	49	21	and	and	CCONJ
faba-235	49	22	found	find	VERB
faba-235	49	23	that	that	SCONJ
faba-235	49	24	,	,	PUNCT
faba-235	49	25	following	follow	VERB
faba-235	49	26	the	the	DET
faba-235	49	27	implementation	implementation	NOUN
faba-235	49	28	of	of	ADP
faba-235	49	29	the	the	DET
faba-235	49	30	deal	deal	NOUN
faba-235	49	31	,	,	PUNCT
faba-235	49	32	return	return	VERB
faba-235	49	33	on	on	ADP
faba-235	49	34	capital	capital	NOUN
faba-235	49	35	and	and	CCONJ
faba-235	49	36	assets	asset	NOUN
faba-235	49	37	ratios	ratio	NOUN
faba-235	49	38	are	be	AUX
faba-235	49	39	higher	high	ADJ
faba-235	49	40	and	and	CCONJ
faba-235	49	41	lead	lead	VERB
faba-235	49	42	to	to	ADP
faba-235	49	43	higher	high	ADJ
faba-235	49	44	profitability	profitability	NOUN
faba-235	49	45	.	.	PUNCT
faba-235	50	1	punt	punt	NOUN
faba-235	50	2	and	and	CCONJ
faba-235	50	3	van	van	PROPN
faba-235	50	4	rooij	rooij	NOUN
faba-235	50	5	(	(	PUNCT
faba-235	50	6	2003	2003	NUM
faba-235	50	7	)	)	PUNCT
faba-235	50	8	examine	examine	VERB
faba-235	50	9	the	the	DET
faba-235	50	10	relationship	relationship	NOUN
faba-235	50	11	daniel	daniel	PROPN
faba-235	50	12	dimitrov	dimitrov	PROPN
faba-235	50	13	/	/	SYM
faba-235	50	14	finance	finance	NOUN
faba-235	50	15	,	,	PUNCT
faba-235	50	16	accounting	accounting	NOUN
faba-235	50	17	and	and	CCONJ
faba-235	50	18	business	business	NOUN
faba-235	50	19	analysis	analysis	NOUN
faba-235	50	20	,	,	PUNCT
faba-235	50	21	volume	volume	NOUN
faba-235	50	22	6	6	NUM
faba-235	50	23	,	,	PUNCT
faba-235	50	24	issue	issue	NOUN
faba-235	50	25	2	2	NUM
faba-235	50	26	,	,	PUNCT
faba-235	50	27	2024	2024	NUM
faba-235	50	28	138	138	NUM
faba-235	50	29	between	between	ADP
faba-235	50	30	mergers	merger	NOUN
faba-235	50	31	and	and	CCONJ
faba-235	50	32	bank	bank	NOUN
faba-235	50	33	performance	performance	NOUN
faba-235	50	34	in	in	ADP
faba-235	50	35	europe	europe	PROPN
faba-235	50	36	and	and	CCONJ
faba-235	50	37	find	find	VERB
faba-235	50	38	that	that	SCONJ
faba-235	50	39	banks	bank	NOUN
faba-235	50	40	that	that	PRON
faba-235	50	41	have	have	AUX
faba-235	50	42	undergone	undergo	VERB
faba-235	50	43	a	a	DET
faba-235	50	44	merger	merger	NOUN
faba-235	50	45	process	process	NOUN
faba-235	50	46	show	show	VERB
faba-235	50	47	significant	significant	ADJ
faba-235	50	48	improvements	improvement	NOUN
faba-235	50	49	in	in	ADP
faba-235	50	50	management	management	NOUN
faba-235	50	51	improvement	improvement	NOUN
faba-235	50	52	and	and	CCONJ
faba-235	50	53	profitability	profitability	NOUN
faba-235	50	54	relative	relative	ADJ
faba-235	50	55	to	to	ADP
faba-235	50	56	others	other	NOUN
faba-235	50	57	.	.	PUNCT
faba-235	51	1	campa	campa	PROPN
faba-235	51	2	and	and	CCONJ
faba-235	51	3	hernando	hernando	PROPN
faba-235	51	4	(	(	PUNCT
faba-235	51	5	2006	2006	NUM
faba-235	51	6	)	)	PUNCT
faba-235	51	7	arrive	arrive	NOUN
faba-235	51	8	at	at	ADP
faba-235	51	9	similar	similar	ADJ
faba-235	51	10	results	result	NOUN
faba-235	51	11	,	,	PUNCT
faba-235	51	12	finding	find	VERB
faba-235	51	13	the	the	DET
faba-235	51	14	positive	positive	ADJ
faba-235	51	15	impact	impact	NOUN
faba-235	51	16	of	of	ADP
faba-235	51	17	this	this	DET
faba-235	51	18	type	type	NOUN
faba-235	51	19	of	of	ADP
faba-235	51	20	transaction	transaction	NOUN
faba-235	51	21	on	on	ADP
faba-235	51	22	financial	financial	ADJ
faba-235	51	23	performance	performance	NOUN
faba-235	51	24	and	and	CCONJ
faba-235	51	25	,	,	PUNCT
faba-235	51	26	more	more	ADV
faba-235	51	27	specifically	specifically	ADV
faba-235	51	28	,	,	PUNCT
faba-235	51	29	profitability	profitability	NOUN
faba-235	51	30	.	.	PUNCT
faba-235	52	1	studies	study	NOUN
faba-235	52	2	showing	show	VERB
faba-235	52	3	the	the	DET
faba-235	52	4	opposite	opposite	ADJ
faba-235	52	5	trend	trend	NOUN
faba-235	52	6	are	be	AUX
faba-235	52	7	by	by	ADP
faba-235	52	8	deyoung	deyoung	PROPN
faba-235	52	9	et	et	PROPN
faba-235	52	10	al	al	PROPN
faba-235	52	11	.	.	PROPN
faba-235	53	1	(	(	PUNCT
faba-235	53	2	2009	2009	NUM
faba-235	53	3	)	)	PUNCT
faba-235	53	4	and	and	CCONJ
faba-235	53	5	amihud	amihud	VERB
faba-235	53	6	et	et	PROPN
faba-235	53	7	al	al	PROPN
faba-235	53	8	.	.	PROPN
faba-235	54	1	(	(	PUNCT
faba-235	54	2	2002	2002	NUM
faba-235	54	3	)	)	PUNCT
faba-235	54	4	.	.	PUNCT
faba-235	55	1	the	the	DET
faba-235	55	2	former	former	ADJ
faba-235	55	3	note	note	NOUN
faba-235	55	4	the	the	DET
faba-235	55	5	initial	initial	ADJ
faba-235	55	6	increase	increase	NOUN
faba-235	55	7	in	in	ADP
faba-235	55	8	profitability	profitability	NOUN
faba-235	55	9	but	but	CCONJ
faba-235	55	10	report	report	VERB
faba-235	55	11	that	that	SCONJ
faba-235	55	12	the	the	DET
faba-235	55	13	long	long	ADJ
faba-235	55	14	-	-	PUNCT
faba-235	55	15	term	term	NOUN
faba-235	55	16	effects	effect	NOUN
faba-235	55	17	may	may	AUX
faba-235	55	18	be	be	AUX
faba-235	55	19	adverse	adverse	ADJ
faba-235	55	20	due	due	ADP
faba-235	55	21	to	to	ADP
faba-235	55	22	differences	difference	NOUN
faba-235	55	23	in	in	ADP
faba-235	55	24	corporate	corporate	ADJ
faba-235	55	25	culture	culture	NOUN
faba-235	55	26	.	.	PUNCT
faba-235	56	1	in	in	ADP
faba-235	56	2	their	their	PRON
faba-235	56	3	study	study	NOUN
faba-235	56	4	,	,	PUNCT
faba-235	56	5	amihud	amihud	PROPN
faba-235	56	6	et	et	PROPN
faba-235	56	7	al	al	PROPN
faba-235	56	8	.	.	PROPN
faba-235	56	9	(	(	PUNCT
faba-235	56	10	2002	2002	NUM
faba-235	56	11	)	)	PUNCT
faba-235	56	12	note	note	NOUN
faba-235	56	13	that	that	SCONJ
faba-235	56	14	m&a	m&a	PROPN
faba-235	56	15	transactions	transaction	NOUN
faba-235	56	16	can	can	AUX
faba-235	56	17	reduce	reduce	VERB
faba-235	56	18	capital	capital	NOUN
faba-235	56	19	ratios	ratio	NOUN
faba-235	56	20	due	due	ADJ
faba-235	56	21	to	to	ADP
faba-235	56	22	the	the	DET
faba-235	56	23	higher	high	ADJ
faba-235	56	24	risk	risk	NOUN
faba-235	56	25	appetite	appetite	NOUN
faba-235	56	26	of	of	ADP
faba-235	56	27	larger	large	ADJ
faba-235	56	28	banks	bank	NOUN
faba-235	56	29	.	.	PUNCT
faba-235	57	1	market	market	NOUN
faba-235	57	2	research	research	NOUN
faba-235	57	3	in	in	ADP
faba-235	57	4	central	central	ADJ
faba-235	57	5	and	and	CCONJ
faba-235	57	6	eastern	eastern	ADJ
faba-235	57	7	europe	europe	PROPN
faba-235	57	8	and	and	CCONJ
faba-235	57	9	m&a	m&a	PROPN
faba-235	57	10	transactions	transaction	NOUN
faba-235	57	11	show	show	VERB
faba-235	57	12	that	that	SCONJ
faba-235	57	13	the	the	DET
faba-235	57	14	results	result	NOUN
faba-235	57	15	can	can	AUX
faba-235	57	16	be	be	AUX
faba-235	57	17	both	both	ADV
faba-235	57	18	positive	positive	ADJ
faba-235	57	19	and	and	CCONJ
faba-235	57	20	negative	negative	ADJ
faba-235	57	21	.	.	PUNCT
faba-235	58	1	pruteanu	pruteanu	NOUN
faba-235	58	2	-	-	PUNCT
faba-235	58	3	podpiera	podpiera	NOUN
faba-235	58	4	et	et	PROPN
faba-235	58	5	al	al	PROPN
faba-235	58	6	.	.	PROPN
faba-235	59	1	(	(	PUNCT
faba-235	59	2	2008	2008	NUM
faba-235	59	3	)	)	PUNCT
faba-235	59	4	study	study	NOUN
faba-235	59	5	traces	trace	VERB
faba-235	59	6	that	that	SCONJ
faba-235	59	7	for	for	ADP
faba-235	59	8	eastern	eastern	ADJ
faba-235	59	9	european	european	ADJ
faba-235	59	10	banks	bank	NOUN
faba-235	59	11	,	,	PUNCT
faba-235	59	12	although	although	SCONJ
faba-235	59	13	in	in	ADP
faba-235	59	14	the	the	DET
faba-235	59	15	short	short	ADJ
faba-235	59	16	run	run	NOUN
faba-235	59	17	they	they	PRON
faba-235	59	18	bring	bring	VERB
faba-235	59	19	greater	great	ADJ
faba-235	59	20	positive	positive	ADJ
faba-235	59	21	benefits	benefit	NOUN
faba-235	59	22	to	to	ADP
faba-235	59	23	companies	company	NOUN
faba-235	59	24	,	,	PUNCT
faba-235	59	25	in	in	ADP
faba-235	59	26	the	the	DET
faba-235	59	27	long	long	ADJ
faba-235	59	28	run	run	NOUN
faba-235	59	29	these	these	DET
faba-235	59	30	benefits	benefit	NOUN
faba-235	59	31	are	be	AUX
faba-235	59	32	less	less	ADV
faba-235	59	33	certain	certain	ADJ
faba-235	59	34	due	due	ADP
faba-235	59	35	to	to	ADP
faba-235	59	36	market	market	NOUN
faba-235	59	37	challenges	challenge	NOUN
faba-235	59	38	and	and	CCONJ
faba-235	59	39	regulatory	regulatory	ADJ
faba-235	59	40	requirements	requirement	NOUN
faba-235	59	41	.	.	PUNCT
faba-235	60	1	in	in	ADP
faba-235	60	2	another	another	DET
faba-235	60	3	study	study	NOUN
faba-235	60	4	,	,	PUNCT
faba-235	60	5	anzoategui	anzoategui	PROPN
faba-235	60	6	et	et	PROPN
faba-235	60	7	al	al	PROPN
faba-235	60	8	.	.	PROPN
faba-235	61	1	(	(	PUNCT
faba-235	61	2	2010	2010	NUM
faba-235	61	3	)	)	PUNCT
faba-235	61	4	note	note	VERB
faba-235	61	5	the	the	DET
faba-235	61	6	specificities	specificity	NOUN
faba-235	61	7	of	of	ADP
faba-235	61	8	these	these	DET
faba-235	61	9	regions	region	NOUN
faba-235	61	10	and	and	CCONJ
faba-235	61	11	that	that	SCONJ
faba-235	61	12	,	,	PUNCT
faba-235	61	13	in	in	ADP
faba-235	61	14	addition	addition	NOUN
faba-235	61	15	to	to	ADP
faba-235	61	16	strengthening	strengthen	VERB
faba-235	61	17	the	the	DET
faba-235	61	18	banking	banking	NOUN
faba-235	61	19	market	market	NOUN
faba-235	61	20	,	,	PUNCT
faba-235	61	21	these	these	DET
faba-235	61	22	transactions	transaction	NOUN
faba-235	61	23	may	may	AUX
faba-235	61	24	increase	increase	VERB
faba-235	61	25	systemic	systemic	ADJ
faba-235	61	26	risk	risk	NOUN
faba-235	61	27	and	and	CCONJ
faba-235	61	28	have	have	VERB
faba-235	61	29	an	an	DET
faba-235	61	30	adverse	adverse	ADJ
faba-235	61	31	effect	effect	NOUN
faba-235	61	32	on	on	ADP
faba-235	61	33	capital	capital	NOUN
faba-235	61	34	adequacy	adequacy	NOUN
faba-235	61	35	.	.	PUNCT
faba-235	62	1	while	while	SCONJ
faba-235	62	2	comprehensive	comprehensive	ADJ
faba-235	62	3	and	and	CCONJ
faba-235	62	4	in	in	ADP
faba-235	62	5	-	-	PUNCT
faba-235	62	6	depth	depth	NOUN
faba-235	62	7	studies	study	NOUN
faba-235	62	8	on	on	ADP
faba-235	62	9	m&a	m&a	PROPN
faba-235	62	10	are	be	AUX
faba-235	62	11	numerous	numerous	ADJ
faba-235	62	12	,	,	PUNCT
faba-235	62	13	there	there	PRON
faba-235	62	14	is	be	VERB
faba-235	62	15	a	a	DET
faba-235	62	16	lack	lack	NOUN
faba-235	62	17	of	of	ADP
faba-235	62	18	literature	literature	NOUN
faba-235	62	19	focusing	focus	VERB
faba-235	62	20	on	on	ADP
faba-235	62	21	the	the	DET
faba-235	62	22	bulgarian	bulgarian	ADJ
faba-235	62	23	banking	banking	NOUN
faba-235	62	24	sector	sector	NOUN
faba-235	62	25	.	.	PUNCT
faba-235	63	1	a	a	DET
faba-235	63	2	study	study	NOUN
faba-235	63	3	such	such	ADJ
faba-235	63	4	as	as	ADP
faba-235	63	5	lensink	lensink	NOUN
faba-235	63	6	and	and	CCONJ
faba-235	63	7	maslennikova	maslennikova	NOUN
faba-235	63	8	(	(	PUNCT
faba-235	63	9	2008	2008	NUM
faba-235	63	10	)	)	PUNCT
faba-235	63	11	effectively	effectively	ADV
faba-235	63	12	identifies	identify	VERB
faba-235	63	13	and	and	CCONJ
faba-235	63	14	highlights	highlight	VERB
faba-235	63	15	general	general	ADJ
faba-235	63	16	trends	trend	NOUN
faba-235	63	17	in	in	ADP
faba-235	63	18	m&a	m&a	PROPN
faba-235	63	19	,	,	PUNCT
faba-235	63	20	but	but	CCONJ
faba-235	63	21	lacks	lack	VERB
faba-235	63	22	an	an	DET
faba-235	63	23	analysis	analysis	NOUN
faba-235	63	24	of	of	ADP
faba-235	63	25	how	how	SCONJ
faba-235	63	26	these	these	DET
faba-235	63	27	trends	trend	NOUN
faba-235	63	28	play	play	VERB
faba-235	63	29	out	out	ADP
faba-235	63	30	in	in	ADP
faba-235	63	31	a	a	DET
faba-235	63	32	country	country	NOUN
faba-235	63	33	with	with	ADP
faba-235	63	34	its	its	PRON
faba-235	63	35	regulatory	regulatory	ADJ
faba-235	63	36	framework	framework	NOUN
faba-235	63	37	and	and	CCONJ
faba-235	63	38	economic	economic	ADJ
faba-235	63	39	development	development	NOUN
faba-235	63	40	.	.	PUNCT
faba-235	64	1	mergers	merger	NOUN
faba-235	64	2	and	and	CCONJ
faba-235	64	3	acquisitions	acquisition	NOUN
faba-235	64	4	in	in	ADP
faba-235	64	5	the	the	DET
faba-235	64	6	banking	banking	NOUN
faba-235	64	7	market	market	NOUN
faba-235	64	8	in	in	ADP
faba-235	64	9	bulgaria	bulgaria	PROPN
faba-235	64	10	are	be	AUX
faba-235	64	11	poorly	poorly	ADV
faba-235	64	12	studied	study	VERB
faba-235	64	13	in	in	ADP
faba-235	64	14	the	the	DET
faba-235	64	15	academic	academic	ADJ
faba-235	64	16	literature	literature	NOUN
faba-235	64	17	.	.	PUNCT
faba-235	65	1	research	research	NOUN
faba-235	65	2	on	on	ADP
faba-235	65	3	the	the	DET
faba-235	65	4	economic	economic	ADJ
faba-235	65	5	efficiency	efficiency	NOUN
faba-235	65	6	of	of	ADP
faba-235	65	7	this	this	DET
faba-235	65	8	type	type	NOUN
faba-235	65	9	of	of	ADP
faba-235	65	10	transaction	transaction	NOUN
faba-235	65	11	have	have	AUX
faba-235	65	12	been	be	AUX
faba-235	65	13	realized	realize	VERB
faba-235	65	14	by	by	ADP
faba-235	65	15	borisov	borisov	PROPN
faba-235	65	16	(	(	PUNCT
faba-235	65	17	2017	2017	NUM
faba-235	65	18	)	)	PUNCT
faba-235	65	19	.	.	PUNCT
faba-235	66	1	this	this	PRON
faba-235	66	2	creates	create	VERB
faba-235	66	3	prerequisites	prerequisite	NOUN
faba-235	66	4	for	for	ADP
faba-235	66	5	deepening	deepen	VERB
faba-235	66	6	and	and	CCONJ
faba-235	66	7	enriching	enrich	VERB
faba-235	66	8	the	the	DET
faba-235	66	9	knowledge	knowledge	NOUN
faba-235	66	10	on	on	ADP
faba-235	66	11	the	the	DET
faba-235	66	12	impact	impact	NOUN
faba-235	66	13	of	of	ADP
faba-235	66	14	m&a	m&a	PROPN
faba-235	66	15	transactions	transaction	NOUN
faba-235	66	16	on	on	ADP
faba-235	66	17	banks	bank	NOUN
faba-235	66	18	.	.	PUNCT
faba-235	67	1	the	the	DET
faba-235	67	2	literature	literature	PROPN
faba-235	67	3	review	review	NOUN
faba-235	67	4	focuses	focus	VERB
faba-235	67	5	on	on	ADP
faba-235	67	6	the	the	DET
faba-235	67	7	results	result	NOUN
faba-235	67	8	of	of	ADP
faba-235	67	9	m&a	m&a	PROPN
faba-235	67	10	transactions	transaction	NOUN
faba-235	67	11	and	and	CCONJ
faba-235	67	12	the	the	DET
faba-235	67	13	necessity	necessity	NOUN
faba-235	67	14	of	of	ADP
faba-235	67	15	a	a	DET
faba-235	67	16	focused	focused	ADJ
faba-235	67	17	analysis	analysis	NOUN
faba-235	67	18	of	of	ADP
faba-235	67	19	the	the	DET
faba-235	67	20	banking	banking	NOUN
faba-235	67	21	market	market	NOUN
faba-235	67	22	in	in	ADP
faba-235	67	23	bulgaria	bulgaria	PROPN
faba-235	67	24	.	.	PUNCT
faba-235	68	1	the	the	DET
faba-235	68	2	study	study	NOUN
faba-235	68	3	aims	aim	VERB
faba-235	68	4	to	to	PART
faba-235	68	5	expand	expand	VERB
faba-235	68	6	the	the	DET
faba-235	68	7	already	already	ADV
faba-235	68	8	existing	exist	VERB
faba-235	68	9	knowledge	knowledge	NOUN
faba-235	68	10	regarding	regard	VERB
faba-235	68	11	m&a	m&a	PROPN
faba-235	68	12	transactions	transaction	NOUN
faba-235	68	13	of	of	ADP
faba-235	68	14	banking	banking	NOUN
faba-235	68	15	institutions	institution	NOUN
faba-235	68	16	by	by	ADP
faba-235	68	17	examining	examine	VERB
faba-235	68	18	their	their	PRON
faba-235	68	19	impact	impact	NOUN
faba-235	68	20	on	on	ADP
faba-235	68	21	the	the	DET
faba-235	68	22	capital	capital	NOUN
faba-235	68	23	adequacy	adequacy	NOUN
faba-235	68	24	and	and	CCONJ
faba-235	68	25	profitability	profitability	NOUN
faba-235	68	26	of	of	ADP
faba-235	68	27	banks	bank	NOUN
faba-235	68	28	in	in	ADP
faba-235	68	29	bulgaria	bulgaria	PROPN
faba-235	68	30	.	.	PUNCT
faba-235	69	1	research	research	NOUN
faba-235	69	2	methodology	methodology	NOUN
faba-235	69	3	the	the	DET
faba-235	69	4	data	datum	NOUN
faba-235	69	5	used	use	VERB
faba-235	69	6	for	for	ADP
faba-235	69	7	this	this	DET
faba-235	69	8	study	study	NOUN
faba-235	69	9	are	be	AUX
faba-235	69	10	publicly	publicly	ADV
faba-235	69	11	available	available	ADJ
faba-235	69	12	and	and	CCONJ
faba-235	69	13	are	be	AUX
faba-235	69	14	part	part	NOUN
faba-235	69	15	of	of	ADP
faba-235	69	16	the	the	DET
faba-235	69	17	financial	financial	ADJ
faba-235	69	18	statements	statement	NOUN
faba-235	69	19	of	of	ADP
faba-235	69	20	banking	banking	NOUN
faba-235	69	21	institutions	institution	NOUN
faba-235	69	22	in	in	ADP
faba-235	69	23	bulgaria	bulgaria	PROPN
faba-235	69	24	that	that	PRON
faba-235	69	25	have	have	AUX
faba-235	69	26	implemented	implement	VERB
faba-235	69	27	m&a	m&a	PROPN
faba-235	69	28	transactions	transaction	NOUN
faba-235	69	29	covering	cover	VERB
faba-235	69	30	the	the	DET
faba-235	69	31	period	period	NOUN
faba-235	69	32	2010	2010	NUM
faba-235	69	33	2024	2024	NUM
faba-235	69	34	.	.	PUNCT
faba-235	70	1	in	in	ADP
faba-235	70	2	order	order	NOUN
faba-235	70	3	to	to	PART
faba-235	70	4	ensure	ensure	VERB
faba-235	70	5	the	the	DET
faba-235	70	6	reliability	reliability	NOUN
faba-235	70	7	of	of	ADP
faba-235	70	8	the	the	DET
faba-235	70	9	analysis	analysis	NOUN
faba-235	70	10	,	,	PUNCT
faba-235	70	11	institutions	institution	NOUN
faba-235	70	12	with	with	ADP
faba-235	70	13	complete	complete	ADJ
faba-235	70	14	financial	financial	ADJ
faba-235	70	15	data	datum	NOUN
faba-235	70	16	before	before	ADV
faba-235	70	17	and	and	CCONJ
faba-235	70	18	after	after	ADP
faba-235	70	19	the	the	DET
faba-235	70	20	m&a	m&a	PROPN
faba-235	70	21	transactions	transaction	NOUN
faba-235	70	22	,	,	PUNCT
faba-235	70	23	as	as	ADV
faba-235	70	24	well	well	ADV
faba-235	70	25	as	as	ADP
faba-235	70	26	with	with	ADP
faba-235	70	27	a	a	DET
faba-235	70	28	sufficient	sufficient	ADJ
faba-235	70	29	number	number	NOUN
faba-235	70	30	of	of	ADP
faba-235	70	31	years	year	NOUN
faba-235	70	32	since	since	SCONJ
faba-235	70	33	the	the	DET
faba-235	70	34	transaction	transaction	NOUN
faba-235	70	35	,	,	PUNCT
faba-235	70	36	are	be	AUX
faba-235	70	37	included	include	VERB
faba-235	70	38	.	.	PUNCT
faba-235	71	1	the	the	DET
faba-235	71	2	sample	sample	NOUN
faba-235	71	3	of	of	ADP
faba-235	71	4	banking	banking	NOUN
faba-235	71	5	institutions	institution	NOUN
faba-235	71	6	studied	study	VERB
faba-235	71	7	includes	include	VERB
faba-235	71	8	banks	bank	NOUN
faba-235	71	9	operating	operate	VERB
faba-235	71	10	on	on	ADP
faba-235	71	11	the	the	DET
faba-235	71	12	bulgarian	bulgarian	ADJ
faba-235	71	13	market	market	NOUN
faba-235	71	14	.	.	PUNCT
faba-235	72	1	the	the	DET
faba-235	72	2	analysis	analysis	NOUN
faba-235	72	3	in	in	ADP
faba-235	72	4	the	the	DET
faba-235	72	5	study	study	NOUN
faba-235	72	6	highlights	highlight	VERB
faba-235	72	7	significant	significant	ADJ
faba-235	72	8	financial	financial	ADJ
faba-235	72	9	indicators	indicator	NOUN
faba-235	72	10	for	for	ADP
faba-235	72	11	banks	bank	NOUN
faba-235	72	12	return	return	VERB
faba-235	72	13	on	on	ADP
faba-235	72	14	assets	asset	NOUN
faba-235	72	15	(	(	PUNCT
faba-235	72	16	roa	roa	NOUN
faba-235	72	17	)	)	PUNCT
faba-235	72	18	,	,	PUNCT
faba-235	72	19	return	return	VERB
faba-235	72	20	on	on	ADP
faba-235	72	21	equity	equity	NOUN
faba-235	72	22	(	(	PUNCT
faba-235	72	23	roe	roe	PROPN
faba-235	72	24	)	)	PUNCT
faba-235	72	25	,	,	PUNCT
faba-235	72	26	and	and	CCONJ
faba-235	72	27	capital	capital	NOUN
faba-235	72	28	adequacy	adequacy	NOUN
faba-235	72	29	ratio	ratio	NOUN
faba-235	72	30	(	(	PUNCT
faba-235	72	31	car	car	NOUN
faba-235	72	32	)	)	PUNCT
faba-235	72	33	.	.	PUNCT
faba-235	73	1	these	these	PRON
faba-235	73	2	are	be	AUX
faba-235	73	3	key	key	ADJ
faba-235	73	4	financial	financial	ADJ
faba-235	73	5	metrics	metric	NOUN
faba-235	73	6	that	that	PRON
faba-235	73	7	provide	provide	VERB
faba-235	73	8	insight	insight	NOUN
faba-235	73	9	into	into	ADP
faba-235	73	10	the	the	DET
faba-235	73	11	stability	stability	NOUN
faba-235	73	12	of	of	ADP
faba-235	73	13	banks	bank	NOUN
faba-235	73	14	and	and	CCONJ
faba-235	73	15	are	be	AUX
faba-235	73	16	an	an	DET
faba-235	73	17	important	important	ADJ
faba-235	73	18	indicator	indicator	NOUN
faba-235	73	19	in	in	ADP
faba-235	73	20	the	the	DET
faba-235	73	21	analysis	analysis	NOUN
faba-235	73	22	of	of	ADP
faba-235	73	23	m&a	m&a	PROPN
faba-235	73	24	deals	deal	NOUN
faba-235	73	25	and	and	CCONJ
faba-235	73	26	subsequently	subsequently	ADV
faba-235	73	27	after	after	SCONJ
faba-235	73	28	they	they	PRON
faba-235	73	29	are	be	AUX
faba-235	73	30	achieved	achieve	VERB
faba-235	73	31	.	.	PUNCT
faba-235	74	1	roa	roa	PROPN
faba-235	74	2	is	be	AUX
faba-235	74	3	calculated	calculate	VERB
faba-235	74	4	as	as	SCONJ
faba-235	74	5	follows	follow	VERB
faba-235	74	6	profit	profit	NOUN
faba-235	74	7	divided	divide	VERB
faba-235	74	8	by	by	ADP
faba-235	74	9	total	total	ADJ
faba-235	74	10	assets	asset	NOUN
faba-235	74	11	.	.	PUNCT
faba-235	75	1	it	it	PRON
faba-235	75	2	measures	measure	VERB
faba-235	75	3	the	the	DET
faba-235	75	4	efficiency	efficiency	NOUN
faba-235	75	5	of	of	ADP
faba-235	75	6	assets	asset	NOUN
faba-235	75	7	to	to	PART
faba-235	75	8	generate	generate	VERB
faba-235	75	9	profits	profit	NOUN
faba-235	75	10	.	.	PUNCT
faba-235	76	1	roe	roe	PROPN
faba-235	76	2	is	be	AUX
faba-235	76	3	calculated	calculate	VERB
faba-235	76	4	by	by	ADP
faba-235	76	5	profit	profit	NOUN
faba-235	76	6	divided	divide	VERB
faba-235	76	7	by	by	ADP
faba-235	76	8	bank	bank	NOUN
faba-235	76	9	's	's	PART
faba-235	76	10	equity	equity	NOUN
faba-235	76	11	.	.	PUNCT
faba-235	77	1	the	the	DET
faba-235	77	2	latter	latter	ADJ
faba-235	77	3	capital	capital	NOUN
faba-235	77	4	adequacy	adequacy	NOUN
faba-235	77	5	ratio	ratio	NOUN
faba-235	77	6	is	be	AUX
faba-235	77	7	calculated	calculate	VERB
faba-235	77	8	as	as	ADP
faba-235	77	9	the	the	DET
faba-235	77	10	ratio	ratio	NOUN
faba-235	77	11	of	of	ADP
faba-235	77	12	the	the	DET
faba-235	77	13	bank	bank	NOUN
faba-235	77	14	's	's	PART
faba-235	77	15	capital	capital	NOUN
faba-235	77	16	to	to	ADP
faba-235	77	17	its	its	PRON
faba-235	77	18	risk	risk	NOUN
faba-235	77	19	-	-	PUNCT
faba-235	77	20	weighted	weight	VERB
faba-235	77	21	assets	asset	NOUN
faba-235	77	22	and	and	CCONJ
faba-235	77	23	indicates	indicate	VERB
faba-235	77	24	the	the	DET
faba-235	77	25	ability	ability	NOUN
faba-235	77	26	of	of	ADP
faba-235	77	27	the	the	DET
faba-235	77	28	credit	credit	NOUN
faba-235	77	29	institution	institution	NOUN
faba-235	77	30	to	to	PART
faba-235	77	31	absorb	absorb	VERB
faba-235	77	32	potential	potential	ADJ
faba-235	77	33	losses	loss	NOUN
faba-235	77	34	.	.	PUNCT
faba-235	78	1	these	these	DET
faba-235	78	2	ratios	ratio	NOUN
faba-235	78	3	will	will	AUX
faba-235	78	4	be	be	AUX
faba-235	78	5	analyzed	analyze	VERB
faba-235	78	6	for	for	ADP
faba-235	78	7	each	each	DET
faba-235	78	8	bank	bank	NOUN
faba-235	78	9	before	before	ADP
faba-235	78	10	and	and	CCONJ
faba-235	78	11	after	after	SCONJ
faba-235	78	12	the	the	DET
faba-235	78	13	consolidation	consolidation	NOUN
faba-235	78	14	transactions	transaction	NOUN
faba-235	78	15	to	to	PART
faba-235	78	16	assess	assess	VERB
faba-235	78	17	their	their	PRON
faba-235	78	18	change	change	NOUN
faba-235	78	19	after	after	ADP
faba-235	78	20	the	the	DET
faba-235	78	21	m&a	m&a	PROPN
faba-235	78	22	transaction	transaction	NOUN
faba-235	78	23	.	.	PUNCT
faba-235	79	1	the	the	DET
faba-235	79	2	study	study	NOUN
faba-235	79	3	combines	combine	VERB
faba-235	79	4	several	several	ADJ
faba-235	79	5	different	different	ADJ
faba-235	79	6	methods	method	NOUN
faba-235	79	7	to	to	PART
faba-235	79	8	analyze	analyze	VERB
faba-235	79	9	and	and	CCONJ
faba-235	79	10	assess	assess	VERB
faba-235	79	11	the	the	DET
faba-235	79	12	impact	impact	NOUN
faba-235	79	13	of	of	ADP
faba-235	79	14	m&a	m&a	PROPN
faba-235	79	15	on	on	ADP
faba-235	79	16	the	the	DET
faba-235	79	17	ratios	ratio	NOUN
faba-235	79	18	.	.	PUNCT
faba-235	80	1	as	as	ADP
faba-235	80	2	an	an	DET
faba-235	80	3	initial	initial	ADJ
faba-235	80	4	method	method	NOUN
faba-235	80	5	,	,	PUNCT
faba-235	80	6	descriptive	descriptive	ADJ
faba-235	80	7	statistics	statistic	NOUN
faba-235	80	8	for	for	ADP
faba-235	80	9	the	the	DET
faba-235	80	10	calculated	calculate	VERB
faba-235	80	11	financial	financial	ADJ
faba-235	80	12	ratios	ratio	NOUN
faba-235	80	13	will	will	AUX
faba-235	80	14	be	be	AUX
faba-235	80	15	used	use	VERB
faba-235	80	16	to	to	PART
faba-235	80	17	provide	provide	VERB
faba-235	80	18	an	an	DET
faba-235	80	19	overview	overview	NOUN
faba-235	80	20	of	of	ADP
faba-235	80	21	trends	trend	NOUN
faba-235	80	22	in	in	ADP
faba-235	80	23	these	these	DET
faba-235	80	24	measures	measure	NOUN
faba-235	80	25	,	,	PUNCT
faba-235	80	26	including	include	VERB
faba-235	80	27	mean	mean	ADJ
faba-235	80	28	and	and	CCONJ
faba-235	80	29	standard	standard	ADJ
faba-235	80	30	deviation	deviation	NOUN
faba-235	80	31	.	.	PUNCT
faba-235	81	1	the	the	DET
faba-235	81	2	analysis	analysis	NOUN
faba-235	81	3	will	will	AUX
faba-235	81	4	be	be	AUX
faba-235	81	5	an	an	DET
faba-235	81	6	indepth	indepth	ADJ
faba-235	81	7	,	,	PUNCT
faba-235	81	8	comparative	comparative	ADJ
faba-235	81	9	analysis	analysis	NOUN
faba-235	81	10	of	of	ADP
faba-235	81	11	the	the	DET
faba-235	81	12	values	value	NOUN
faba-235	81	13	obtained	obtain	VERB
faba-235	81	14	and	and	CCONJ
faba-235	81	15	subsequently	subsequently	ADV
faba-235	81	16	applying	apply	VERB
faba-235	81	17	hypothesis	hypothesis	NOUN
faba-235	81	18	testing	testing	NOUN
faba-235	81	19	to	to	ADP
faba-235	81	20	the	the	DET
faba-235	81	21	financial	financial	ADJ
faba-235	81	22	ratios	ratio	NOUN
faba-235	81	23	via	via	ADP
faba-235	81	24	a	a	DET
faba-235	81	25	paired	pair	VERB
faba-235	81	26	t	t	NOUN
faba-235	81	27	-	-	PUNCT
faba-235	81	28	test	test	NOUN
faba-235	81	29	.	.	PUNCT
faba-235	82	1	in	in	ADP
faba-235	82	2	this	this	DET
faba-235	82	3	way	way	NOUN
faba-235	82	4	,	,	PUNCT
faba-235	82	5	the	the	DET
faba-235	82	6	impact	impact	NOUN
faba-235	82	7	of	of	ADP
faba-235	82	8	m&a	m&a	PROPN
faba-235	82	9	transactions	transaction	NOUN
faba-235	82	10	on	on	ADP
faba-235	82	11	the	the	DET
faba-235	82	12	selected	select	VERB
faba-235	82	13	financial	financial	ADJ
faba-235	82	14	ratios	ratio	NOUN
faba-235	82	15	of	of	ADP
faba-235	82	16	the	the	DET
faba-235	82	17	bank	bank	NOUN
faba-235	82	18	and	and	CCONJ
faba-235	82	19	its	its	PRON
faba-235	82	20	performance	performance	NOUN
faba-235	82	21	will	will	AUX
faba-235	82	22	be	be	AUX
faba-235	82	23	assessed	assess	VERB
faba-235	82	24	.	.	PUNCT
faba-235	83	1	the	the	DET
faba-235	83	2	following	follow	VERB
faba-235	83	3	m&a	m&a	PROPN
faba-235	83	4	transactions	transaction	NOUN
faba-235	83	5	are	be	AUX
faba-235	83	6	included	include	VERB
faba-235	83	7	in	in	ADP
faba-235	83	8	the	the	DET
faba-235	83	9	study	study	NOUN
faba-235	83	10	:	:	PUNCT
faba-235	83	11	1	1	X
faba-235	83	12	)	)	PUNCT
faba-235	83	13	merger	merger	NOUN
faba-235	83	14	of	of	ADP
faba-235	83	15	unionbank	unionbank	AUX
faba-235	83	16	ead	ead	NOUN
faba-235	83	17	into	into	ADP
faba-235	83	18	first	first	ADJ
faba-235	83	19	investment	investment	NOUN
faba-235	83	20	bank	bank	NOUN
faba-235	83	21	ad	ad	NOUN
faba-235	83	22	2	2	NUM
faba-235	83	23	)	)	PUNCT
faba-235	83	24	takeover	takeover	NOUN
faba-235	83	25	of	of	ADP
faba-235	83	26	alfa	alfa	PROPN
faba-235	83	27	bank	bank	PROPN
faba-235	83	28	sofia	sofia	PROPN
faba-235	83	29	branc	branc	PROPN
faba-235	83	30	h	h	PROPN
faba-235	83	31	by	by	ADP
faba-235	83	32	eurobank	eurobank	PROPN
faba-235	83	33	bulgaria	bulgaria	PROPN
faba-235	83	34	ad	ad	NOUN
faba-235	83	35	3	3	NUM
faba-235	83	36	)	)	PUNCT
faba-235	83	37	merger	merger	NOUN
faba-235	83	38	of	of	ADP
faba-235	83	39	cibank	cibank	PROPN
faba-235	83	40	ead	ead	PROPN
faba-235	83	41	into	into	ADP
faba-235	83	42	ubb	ubb	PROPN
faba-235	83	43	ad	ad	NOUN
faba-235	83	44	4	4	NUM
faba-235	83	45	)	)	PUNCT
faba-235	83	46	merger	merger	NOUN
faba-235	83	47	of	of	ADP
faba-235	83	48	victoria	victoria	PROPN
faba-235	83	49	commercial	commercial	PROPN
faba-235	83	50	bank	bank	PROPN
faba-235	83	51	ead	ead	VERB
faba-235	83	52	into	into	ADP
faba-235	83	53	investbank	investbank	ADJ
faba-235	83	54	ad	ad	NOUN
faba-235	83	55	5	5	NUM
faba-235	83	56	)	)	PUNCT
faba-235	83	57	merger	merger	NOUN
faba-235	83	58	of	of	ADP
faba-235	83	59	"	"	PUNCT
faba-235	83	60	bank	bank	PROPN
faba-235	83	61	piraeus	piraeus	NOUN
faba-235	83	62	bulgaria	bulgaria	PROPN
faba-235	83	63	"	"	PUNCT
faba-235	83	64	ad	ad	PROPN
faba-235	83	65	into"eurobank	into"eurobank	PROPN
faba-235	83	66	bulgaria	bulgaria	PROPN
faba-235	83	67	"	"	PUNCT
faba-235	83	68	ad	ad	NOUN
faba-235	83	69	6	6	NUM
faba-235	83	70	)	)	PUNCT
faba-235	83	71	merger	merger	NOUN
faba-235	83	72	of	of	ADP
faba-235	83	73	société	société	PROPN
faba-235	83	74	generale	generale	PROPN
faba-235	83	75	expressbank	expressbank	NOUN
faba-235	83	76	ad	ad	NOUN
faba-235	83	77	into	into	ADP
faba-235	83	78	dsk	dsk	PROPN
faba-235	83	79	bank	bank	PROPN
faba-235	83	80	ead	ead	PROPN
faba-235	83	81	.	.	PUNCT
faba-235	84	1	the	the	DET
faba-235	84	2	acquisition	acquisition	NOUN
faba-235	84	3	of	of	ADP
faba-235	84	4	the	the	DET
faba-235	84	5	business	business	NOUN
faba-235	84	6	of	of	ADP
faba-235	84	7	raiffeisenbank	raiffeisenbank	PROPN
faba-235	84	8	(	(	PUNCT
faba-235	84	9	bulgaria	bulgaria	PROPN
faba-235	84	10	)	)	PUNCT
faba-235	84	11	ead	ead	NOUN
faba-235	84	12	by	by	ADP
faba-235	84	13	united	united	PROPN
faba-235	84	14	bulgarian	bulgarian	PROPN
faba-235	84	15	bank	bank	PROPN
faba-235	84	16	ad	ad	NOUN
faba-235	84	17	and	and	CCONJ
faba-235	84	18	the	the	DET
faba-235	84	19	acquisition	acquisition	NOUN
faba-235	84	20	of	of	ADP
faba-235	84	21	bnp	bnp	PROPN
faba-235	84	22	paribas	paribas	PROPN
faba-235	84	23	parsons	parsons	PROPN
faba-235	84	24	financial	financial	PROPN
faba-235	84	25	s.a	s.a	PROPN
faba-235	84	26	.	.	PROPN
faba-235	84	27	,	,	PUNCT
faba-235	84	28	bulgaria	bulgaria	PROPN
faba-235	84	29	branch	branch	PROPN
faba-235	84	30	by	by	ADP
faba-235	84	31	eurobank	eurobank	PROPN
faba-235	84	32	bulgaria	bulgaria	PROPN
faba-235	84	33	ad	ad	NOUN
faba-235	84	34	are	be	AUX
faba-235	84	35	not	not	PART
faba-235	84	36	included	include	VERB
faba-235	84	37	in	in	ADP
faba-235	84	38	the	the	DET
faba-235	84	39	study	study	NOUN
faba-235	84	40	due	due	ADP
faba-235	84	41	to	to	ADP
faba-235	84	42	the	the	DET
faba-235	84	43	lack	lack	NOUN
faba-235	84	44	of	of	ADP
faba-235	84	45	a	a	DET
faba-235	84	46	sufficient	sufficient	ADJ
faba-235	84	47	number	number	NOUN
faba-235	84	48	of	of	ADP
faba-235	84	49	years	year	NOUN
faba-235	84	50	since	since	SCONJ
faba-235	84	51	their	their	PRON
faba-235	84	52	acquisition	acquisition	NOUN
faba-235	84	53	to	to	PART
faba-235	84	54	track	track	VERB
faba-235	84	55	the	the	DET
faba-235	84	56	change	change	NOUN
faba-235	84	57	in	in	ADP
faba-235	84	58	the	the	DET
faba-235	84	59	ratios	ratio	NOUN
faba-235	84	60	.	.	PUNCT
faba-235	85	1	the	the	DET
faba-235	85	2	study	study	NOUN
faba-235	85	3	aims	aim	VERB
faba-235	85	4	to	to	PART
faba-235	85	5	provide	provide	VERB
faba-235	85	6	an	an	DET
faba-235	85	7	in	in	ADP
faba-235	85	8	-	-	PUNCT
faba-235	85	9	depth	depth	NOUN
faba-235	85	10	analysis	analysis	NOUN
faba-235	85	11	of	of	ADP
faba-235	85	12	the	the	DET
faba-235	85	13	impact	impact	NOUN
faba-235	85	14	of	of	ADP
faba-235	85	15	mergers	merger	NOUN
faba-235	85	16	and	and	CCONJ
faba-235	85	17	acquisitions	acquisition	NOUN
faba-235	85	18	on	on	ADP
faba-235	85	19	banks	bank	NOUN
faba-235	85	20	in	in	ADP
faba-235	85	21	bulgaria	bulgaria	PROPN
faba-235	85	22	in	in	ADP
faba-235	85	23	the	the	DET
faba-235	85	24	period	period	NOUN
faba-235	85	25	2010	2010	NUM
faba-235	85	26	-	-	SYM
faba-235	85	27	2024	2024	NUM
faba-235	85	28	and	and	CCONJ
faba-235	85	29	their	their	PRON
faba-235	85	30	roa	roa	NOUN
faba-235	85	31	and	and	CCONJ
faba-235	85	32	roe	roe	PROPN
faba-235	85	33	and	and	CCONJ
faba-235	85	34	capital	capital	NOUN
faba-235	85	35	adequacy	adequacy	NOUN
faba-235	85	36	ratios	ratio	NOUN
faba-235	85	37	,	,	PUNCT
faba-235	85	38	applying	apply	VERB
faba-235	85	39	the	the	DET
faba-235	85	40	methodology	methodology	NOUN
faba-235	85	41	outlined	outline	VERB
faba-235	85	42	above	above	ADV
faba-235	85	43	.	.	PUNCT
faba-235	86	1	daniel	daniel	PROPN
faba-235	86	2	dimitrov	dimitrov	PROPN
faba-235	86	3	/	/	SYM
faba-235	86	4	finance	finance	NOUN
faba-235	86	5	,	,	PUNCT
faba-235	86	6	accounting	accounting	NOUN
faba-235	86	7	and	and	CCONJ
faba-235	86	8	business	business	NOUN
faba-235	86	9	analysis	analysis	NOUN
faba-235	86	10	,	,	PUNCT
faba-235	86	11	volume	volume	NOUN
faba-235	86	12	6	6	NUM
faba-235	86	13	,	,	PUNCT
faba-235	86	14	issue	issue	NOUN
faba-235	86	15	2	2	NUM
faba-235	86	16	,	,	PUNCT
faba-235	86	17	2024	2024	NUM
faba-235	86	18	139	139	NUM
faba-235	86	19	result	result	NOUN
faba-235	86	20	and	and	CCONJ
faba-235	86	21	discussion	discussion	NOUN
faba-235	86	22	descriptive	descriptive	ADJ
faba-235	86	23	statistics	statistic	NOUN
faba-235	87	1	the	the	DET
faba-235	87	2	starting	starting	NOUN
faba-235	87	3	point	point	NOUN
faba-235	87	4	in	in	ADP
faba-235	87	5	the	the	DET
faba-235	87	6	analysis	analysis	NOUN
faba-235	87	7	is	be	AUX
faba-235	87	8	comparing	compare	VERB
faba-235	87	9	data	datum	NOUN
faba-235	87	10	related	relate	VERB
faba-235	87	11	to	to	ADP
faba-235	87	12	the	the	DET
faba-235	87	13	financial	financial	ADJ
faba-235	87	14	performance	performance	NOUN
faba-235	87	15	of	of	ADP
faba-235	87	16	the	the	DET
faba-235	87	17	banks	bank	NOUN
faba-235	87	18	included	include	VERB
faba-235	87	19	in	in	ADP
faba-235	87	20	the	the	DET
faba-235	87	21	study	study	NOUN
faba-235	87	22	.	.	PUNCT
faba-235	88	1	the	the	DET
faba-235	88	2	figures	figure	NOUN
faba-235	88	3	cover	cover	VERB
faba-235	88	4	the	the	DET
faba-235	88	5	period	period	NOUN
faba-235	88	6	before	before	ADV
faba-235	88	7	and	and	CCONJ
faba-235	88	8	after	after	ADP
faba-235	88	9	the	the	DET
faba-235	88	10	m&a	m&a	PROPN
faba-235	88	11	transaction	transaction	NOUN
faba-235	88	12	within	within	ADP
faba-235	88	13	four	four	NUM
faba-235	88	14	and	and	CCONJ
faba-235	88	15	five	five	NUM
faba-235	88	16	years	year	NOUN
faba-235	88	17	of	of	ADP
faba-235	88	18	the	the	DET
faba-235	88	19	transaction	transaction	NOUN
faba-235	88	20	.	.	PUNCT
faba-235	89	1	in	in	ADP
faba-235	89	2	order	order	NOUN
faba-235	89	3	to	to	PART
faba-235	89	4	eliminate	eliminate	VERB
faba-235	89	5	the	the	DET
faba-235	89	6	impact	impact	NOUN
faba-235	89	7	,	,	PUNCT
faba-235	89	8	the	the	DET
faba-235	89	9	year	year	NOUN
faba-235	89	10	in	in	ADP
faba-235	89	11	which	which	PRON
faba-235	89	12	the	the	DET
faba-235	89	13	merger	merger	NOUN
faba-235	89	14	took	take	VERB
faba-235	89	15	place	place	NOUN
faba-235	89	16	is	be	AUX
faba-235	89	17	not	not	PART
faba-235	89	18	included	include	VERB
faba-235	89	19	in	in	ADP
faba-235	89	20	the	the	DET
faba-235	89	21	calculations	calculation	NOUN
faba-235	89	22	.	.	PUNCT
faba-235	90	1	key	key	ADJ
faba-235	90	2	financial	financial	ADJ
faba-235	90	3	metrics	metric	NOUN
faba-235	90	4	covered	cover	VERB
faba-235	90	5	are	be	AUX
faba-235	90	6	return	return	NOUN
faba-235	90	7	on	on	ADP
faba-235	90	8	assets	asset	NOUN
faba-235	90	9	(	(	PUNCT
faba-235	90	10	roa	roa	NOUN
faba-235	90	11	)	)	PUNCT
faba-235	90	12	,	,	PUNCT
faba-235	90	13	return	return	VERB
faba-235	90	14	on	on	ADP
faba-235	90	15	equity	equity	NOUN
faba-235	90	16	(	(	PUNCT
faba-235	90	17	roe	roe	PROPN
faba-235	90	18	)	)	PUNCT
faba-235	90	19	,	,	PUNCT
faba-235	90	20	and	and	CCONJ
faba-235	90	21	capital	capital	NOUN
faba-235	90	22	adequacy	adequacy	NOUN
faba-235	90	23	ratio	ratio	NOUN
faba-235	90	24	(	(	PUNCT
faba-235	90	25	car	car	NOUN
faba-235	90	26	)	)	PUNCT
faba-235	90	27	.	.	PUNCT
faba-235	91	1	the	the	DET
faba-235	91	2	ratios	ratio	NOUN
faba-235	91	3	are	be	AUX
faba-235	91	4	calculated	calculate	VERB
faba-235	91	5	separately	separately	ADV
faba-235	91	6	for	for	ADP
faba-235	91	7	each	each	PRON
faba-235	91	8	of	of	ADP
faba-235	91	9	the	the	DET
faba-235	91	10	banks	bank	NOUN
faba-235	91	11	under	under	ADP
faba-235	91	12	study	study	NOUN
faba-235	91	13	and	and	CCONJ
faba-235	91	14	cover	cover	VERB
faba-235	91	15	a	a	DET
faba-235	91	16	period	period	NOUN
faba-235	91	17	of	of	ADP
faba-235	91	18	five	five	NUM
faba-235	91	19	years	year	NOUN
faba-235	91	20	before	before	ADP
faba-235	91	21	and	and	CCONJ
faba-235	91	22	after	after	ADP
faba-235	91	23	the	the	DET
faba-235	91	24	transactions	transaction	NOUN
faba-235	91	25	.	.	PUNCT
faba-235	92	1	the	the	DET
faba-235	92	2	exception	exception	NOUN
faba-235	92	3	in	in	ADP
faba-235	92	4	the	the	DET
faba-235	92	5	period	period	NOUN
faba-235	92	6	is	be	AUX
faba-235	92	7	for	for	SCONJ
faba-235	92	8	dsk	dsk	PROPN
faba-235	92	9	bank	bank	PROPN
faba-235	92	10	ead	ead	PROPN
faba-235	92	11	,	,	PUNCT
faba-235	92	12	where	where	SCONJ
faba-235	92	13	a	a	DET
faba-235	92	14	four	four	NUM
faba-235	92	15	-	-	PUNCT
faba-235	92	16	year	year	NOUN
faba-235	92	17	period	period	NOUN
faba-235	92	18	before	before	ADP
faba-235	92	19	and	and	CCONJ
faba-235	92	20	after	after	SCONJ
faba-235	92	21	the	the	DET
faba-235	92	22	transaction	transaction	NOUN
faba-235	92	23	is	be	AUX
faba-235	92	24	taken	take	VERB
faba-235	92	25	.	.	PUNCT
faba-235	93	1	the	the	DET
faba-235	93	2	following	follow	VERB
faba-235	93	3	two	two	NUM
faba-235	93	4	tables	table	NOUN
faba-235	93	5	present	present	VERB
faba-235	93	6	the	the	DET
faba-235	93	7	calculated	calculate	VERB
faba-235	93	8	averages	average	NOUN
faba-235	93	9	for	for	ADP
faba-235	93	10	the	the	DET
faba-235	93	11	two	two	NUM
faba-235	93	12	periods	period	NOUN
faba-235	93	13	.	.	PUNCT
faba-235	93	14	table	table	NOUN
faba-235	93	15	1	1	NUM
faba-235	93	16	.	.	PUNCT
faba-235	93	17	average	average	ADJ
faba-235	93	18	arithmetic	arithmetic	ADJ
faba-235	93	19	value	value	NOUN
faba-235	93	20	and	and	CCONJ
faba-235	93	21	standard	standard	ADJ
faba-235	93	22	deviation	deviation	NOUN
faba-235	93	23	of	of	ADP
faba-235	93	24	the	the	DET
faba-235	93	25	studied	study	VERB
faba-235	93	26	indicators	indicator	NOUN
faba-235	93	27	in	in	ADP
faba-235	93	28	the	the	DET
faba-235	93	29	period	period	NOUN
faba-235	93	30	before	before	ADV
faba-235	93	31	and	and	CCONJ
faba-235	93	32	after	after	ADP
faba-235	93	33	the	the	DET
faba-235	93	34	m&a	m&a	PROPN
faba-235	93	35	transaction	transaction	NOUN
faba-235	93	36	of	of	ADP
faba-235	93	37	the	the	DET
faba-235	93	38	subject	subject	ADJ
faba-235	93	39	banks	bank	NOUN
faba-235	93	40	bank	bank	PROPN
faba-235	93	41	calculated	calculate	VERB
faba-235	93	42	data	datum	NOUN
faba-235	93	43	before	before	ADP
faba-235	93	44	m&a	m&a	PROPN
faba-235	93	45	arithmetic	arithmetic	ADJ
faba-235	93	46	average	average	ADJ
faba-235	93	47	standard	standard	ADJ
faba-235	93	48	deviation	deviation	NOUN
faba-235	93	49	roe	roe	PROPN
faba-235	93	50	roa	roa	PROPN
faba-235	93	51	car	car	PROPN
faba-235	93	52	roe	roe	PROPN
faba-235	93	53	roa	roa	PROPN
faba-235	93	54	car	car	NOUN
faba-235	93	55	ubb	ubb	PROPN
faba-235	93	56	3.87	3.87	NUM
faba-235	93	57	%	%	NOUN
faba-235	93	58	0.61	0.61	NUM
faba-235	93	59	%	%	NOUN
faba-235	93	60	23.80	23.80	NUM
faba-235	93	61	%	%	NOUN
faba-235	93	62	5.83	5.83	NUM
faba-235	93	63	%	%	NOUN
faba-235	93	64	0.87	0.87	NUM
faba-235	93	65	%	%	NOUN
faba-235	93	66	5.33	5.33	NUM
faba-235	93	67	%	%	NOUN
faba-235	93	68	fib	fib	VERB
faba-235	93	69	10.79	10.79	NUM
faba-235	93	70	%	%	NOUN
faba-235	93	71	0.88	0.88	NUM
faba-235	93	72	%	%	NOUN
faba-235	93	73	13.40	13.40	NUM
faba-235	93	74	%	%	NOUN
faba-235	93	75	8.93	8.93	NUM
faba-235	93	76	%	%	NOUN
faba-235	93	77	0.70	0.70	NUM
faba-235	93	78	%	%	NOUN
faba-235	93	79	0.66	0.66	NUM
faba-235	93	80	%	%	NOUN
faba-235	93	81	investbank	investbank	ADJ
faba-235	93	82	-3.33	-3.33	NOUN
faba-235	93	83	%	%	NOUN
faba-235	93	84	-0.25	-0.25	NUM
faba-235	93	85	%	%	NOUN
faba-235	93	86	18.51	18.51	NUM
faba-235	93	87	%	%	NOUN
faba-235	93	88	8.92	8.92	NUM
faba-235	93	89	%	%	NOUN
faba-235	93	90	0.70	0.70	NUM
faba-235	93	91	%	%	NOUN
faba-235	93	92	2.75	2.75	NUM
faba-235	93	93	%	%	NOUN
faba-235	93	94	dsk	dsk	NOUN
faba-235	93	95	16.66	16.66	NUM
faba-235	93	96	%	%	NOUN
faba-235	93	97	2.39	2.39	NUM
faba-235	93	98	%	%	NOUN
faba-235	93	99	17.22	17.22	NUM
faba-235	93	100	%	%	NOUN
faba-235	93	101	5.00	5.00	NUM
faba-235	93	102	%	%	NOUN
faba-235	93	103	0.49	0.49	NUM
faba-235	93	104	%	%	NOUN
faba-235	93	105	0.72	0.72	NUM
faba-235	93	106	%	%	NOUN
faba-235	93	107	eurobank	eurobank	PROPN
faba-235	93	108	bulgaria	bulgaria	PROPN
faba-235	93	109	(	(	PUNCT
faba-235	93	110	2016	2016	NUM
faba-235	93	111	)	)	PUNCT
faba-235	93	112	2.53	2.53	NUM
faba-235	93	113	%	%	NOUN
faba-235	93	114	0.39	0.39	NUM
faba-235	93	115	%	%	NOUN
faba-235	93	116	19.77	19.77	NUM
faba-235	93	117	%	%	NOUN
faba-235	93	118	3.83	3.83	NUM
faba-235	93	119	%	%	NOUN
faba-235	93	120	0.61	0.61	NUM
faba-235	93	121	%	%	NOUN
faba-235	93	122	4.62	4.62	NUM
faba-235	93	123	%	%	NOUN
faba-235	93	124	eurobank	eurobank	PROPN
faba-235	93	125	bulgaria	bulgaria	PROPN
faba-235	93	126	'	'	PART
faba-235	93	127	(	(	PUNCT
faba-235	93	128	2019	2019	NUM
faba-235	93	129	)	)	PUNCT
faba-235	93	130	8.66	8.66	NUM
faba-235	93	131	%	%	NOUN
faba-235	93	132	1.40	1.40	NUM
faba-235	93	133	%	%	NOUN
faba-235	93	134	22.95	22.95	NUM
faba-235	93	135	%	%	NOUN
faba-235	93	136	4.95	4.95	NUM
faba-235	93	137	%	%	NOUN
faba-235	93	138	0.79	0.79	NUM
faba-235	93	139	%	%	NOUN
faba-235	93	140	2.04	2.04	NUM
faba-235	93	141	%	%	NOUN
faba-235	93	142	bank	bank	NOUN
faba-235	93	143	calculated	calculate	VERB
faba-235	93	144	data	datum	NOUN
faba-235	93	145	after	after	ADP
faba-235	93	146	m&a	m&a	PROPN
faba-235	93	147	arithmetic	arithmetic	ADJ
faba-235	93	148	average	average	ADJ
faba-235	93	149	standard	standard	ADJ
faba-235	93	150	deviation	deviation	NOUN
faba-235	93	151	roe	roe	PROPN
faba-235	93	152	roa	roa	PROPN
faba-235	93	153	car	car	PROPN
faba-235	93	154	roe	roe	PROPN
faba-235	93	155	roa	roa	PROPN
faba-235	93	156	car	car	NOUN
faba-235	93	157	ubb	ubb	PROPN
faba-235	93	158	10.18	10.18	NUM
faba-235	93	159	%	%	NOUN
faba-235	93	160	1.06	1.06	NUM
faba-235	93	161	%	%	NOUN
faba-235	93	162	16.76	16.76	NUM
faba-235	93	163	%	%	NOUN
faba-235	93	164	1.98	1.98	NUM
faba-235	93	165	%	%	NOUN
faba-235	93	166	0.20	0.20	NUM
faba-235	93	167	%	%	NOUN
faba-235	93	168	3.05	3.05	NUM
faba-235	93	169	%	%	NOUN
faba-235	93	170	fib	fib	VERB
faba-235	93	171	11.64	11.64	NUM
faba-235	93	172	%	%	NOUN
faba-235	93	173	1.08	1.08	NUM
faba-235	93	174	%	%	NOUN
faba-235	93	175	16.05	16.05	NUM
faba-235	93	176	%	%	NOUN
faba-235	93	177	6.54	6.54	NUM
faba-235	93	178	%	%	NOUN
faba-235	93	179	0.58	0.58	NUM
faba-235	93	180	%	%	NOUN
faba-235	93	181	1.40	1.40	NUM
faba-235	93	182	%	%	NOUN
faba-235	93	183	investbank	investbank	ADJ
faba-235	93	184	7.98	7.98	NUM
faba-235	93	185	%	%	NOUN
faba-235	93	186	0.88	0.88	NUM
faba-235	93	187	%	%	NOUN
faba-235	93	188	19.91	19.91	NUM
faba-235	93	189	%	%	NOUN
faba-235	93	190	7.74	7.74	NUM
faba-235	93	191	%	%	NOUN
faba-235	93	192	0.88	0.88	NUM
faba-235	93	193	%	%	NOUN
faba-235	93	194	0.97	0.97	NUM
faba-235	93	195	%	%	NOUN
faba-235	93	196	dsk	dsk	NOUN
faba-235	93	197	13.50	13.50	NUM
faba-235	93	198	%	%	NOUN
faba-235	93	199	1.88	1.88	NUM
faba-235	93	200	%	%	NOUN
faba-235	93	201	22.50	22.50	NUM
faba-235	93	202	%	%	NOUN
faba-235	93	203	7.14	7.14	NUM
faba-235	93	204	%	%	NOUN
faba-235	93	205	0.96	0.96	NUM
faba-235	93	206	%	%	NOUN
faba-235	93	207	1.53	1.53	NUM
faba-235	93	208	%	%	NOUN
faba-235	93	209	eurobank	eurobank	PROPN
faba-235	93	210	bulgaria	bulgaria	PROPN
faba-235	93	211	(	(	PUNCT
faba-235	93	212	2016	2016	NUM
faba-235	93	213	)	)	PUNCT
faba-235	93	214	11.40	11.40	NUM
faba-235	93	215	%	%	NOUN
faba-235	93	216	1.62	1.62	NUM
faba-235	93	217	%	%	NOUN
faba-235	93	218	20.03	20.03	NUM
faba-235	93	219	%	%	NOUN
faba-235	93	220	2.17	2.17	NUM
faba-235	93	221	%	%	NOUN
faba-235	93	222	0.37	0.37	NUM
faba-235	93	223	%	%	NOUN
faba-235	93	224	1.90	1.90	NUM
faba-235	93	225	%	%	NOUN
faba-235	93	226	eurobank	eurobank	PROPN
faba-235	93	227	bulgaria	bulgaria	PROPN
faba-235	93	228	'	'	PART
faba-235	93	229	(	(	PUNCT
faba-235	93	230	2019	2019	NUM
faba-235	93	231	)	)	PUNCT
faba-235	93	232	10.77	10.77	NUM
faba-235	93	233	%	%	NOUN
faba-235	93	234	1.32	1.32	NUM
faba-235	93	235	%	%	NOUN
faba-235	93	236	20.77	20.77	NUM
faba-235	93	237	%	%	NOUN
faba-235	93	238	1.93	1.93	NUM
faba-235	93	239	%	%	NOUN
faba-235	93	240	0.18	0.18	NUM
faba-235	93	241	%	%	NOUN
faba-235	93	242	0.15	0.15	NUM
faba-235	93	243	%	%	NOUN
faba-235	93	244	source	source	NOUN
faba-235	93	245	:	:	PUNCT
faba-235	93	246	author	author	NOUN
faba-235	93	247	’s	’s	PART
faba-235	93	248	calculations	calculation	NOUN
faba-235	93	249	in	in	ADP
faba-235	93	250	examining	examine	VERB
faba-235	93	251	the	the	DET
faba-235	93	252	banks	bank	NOUN
faba-235	93	253	subject	subject	ADJ
faba-235	93	254	to	to	ADP
faba-235	93	255	mergers	merger	NOUN
faba-235	93	256	and	and	CCONJ
faba-235	93	257	acquisitions	acquisition	NOUN
faba-235	93	258	,	,	PUNCT
faba-235	93	259	the	the	DET
faba-235	93	260	mean	mean	ADJ
faba-235	93	261	and	and	CCONJ
faba-235	93	262	standard	standard	ADJ
faba-235	93	263	deviation	deviation	NOUN
faba-235	93	264	for	for	ADP
faba-235	93	265	each	each	DET
faba-235	93	266	indicator	indicator	NOUN
faba-235	93	267	were	be	AUX
faba-235	93	268	calculated	calculate	VERB
faba-235	93	269	.	.	PUNCT
faba-235	94	1	in	in	ADP
faba-235	94	2	the	the	DET
faba-235	94	3	case	case	NOUN
faba-235	94	4	of	of	ADP
faba-235	94	5	first	first	ADJ
faba-235	94	6	investment	investment	PROPN
faba-235	94	7	bank	bank	PROPN
faba-235	94	8	plc	plc	PROPN
faba-235	94	9	.	.	PUNCT
faba-235	94	10	fluctuations	fluctuation	NOUN
faba-235	94	11	in	in	ADP
faba-235	94	12	the	the	DET
faba-235	94	13	roe	roe	PROPN
faba-235	94	14	and	and	CCONJ
faba-235	94	15	roa	roa	PROPN
faba-235	94	16	ratios	ratio	NOUN
faba-235	94	17	were	be	AUX
faba-235	94	18	observed	observe	VERB
faba-235	94	19	in	in	ADP
faba-235	94	20	the	the	DET
faba-235	94	21	period	period	NOUN
faba-235	94	22	before	before	ADP
faba-235	94	23	the	the	DET
faba-235	94	24	merger	merger	NOUN
faba-235	94	25	with	with	ADP
faba-235	94	26	mkb	mkb	PROPN
faba-235	94	27	unionbank	unionbank	PROPN
faba-235	94	28	plc	plc	PROPN
faba-235	94	29	.	.	PROPN
faba-235	95	1	on	on	ADP
faba-235	95	2	average	average	ADJ
faba-235	95	3	,	,	PUNCT
faba-235	95	4	for	for	ADP
faba-235	95	5	the	the	DET
faba-235	95	6	first	first	ADJ
faba-235	95	7	period	period	NOUN
faba-235	95	8	of	of	ADP
faba-235	95	9	the	the	DET
faba-235	95	10	study	study	NOUN
faba-235	95	11	,	,	PUNCT
faba-235	95	12	the	the	DET
faba-235	95	13	roe	roe	NOUN
faba-235	95	14	value	value	NOUN
faba-235	95	15	was	be	AUX
faba-235	95	16	10.79	10.79	NUM
faba-235	95	17	%	%	NOUN
faba-235	95	18	and	and	CCONJ
faba-235	95	19	the	the	DET
faba-235	95	20	roa	roa	NOUN
faba-235	95	21	value	value	NOUN
faba-235	95	22	0.88	0.88	NUM
faba-235	95	23	%	%	NOUN
faba-235	95	24	.	.	PUNCT
faba-235	96	1	after	after	ADP
faba-235	96	2	the	the	DET
faba-235	96	3	acquisition	acquisition	NOUN
faba-235	96	4	of	of	ADP
faba-235	96	5	mkb	mkb	PROPN
faba-235	96	6	unionbank	unionbank	PROPN
faba-235	96	7	jsc	jsc	PROPN
faba-235	96	8	,	,	PUNCT
faba-235	96	9	the	the	DET
faba-235	96	10	average	average	ADJ
faba-235	96	11	roe	roe	NOUN
faba-235	96	12	of	of	ADP
faba-235	96	13	first	first	ADJ
faba-235	96	14	investment	investment	NOUN
faba-235	96	15	bank	bank	NOUN
faba-235	96	16	jsc	jsc	NOUN
faba-235	96	17	in	in	ADP
faba-235	96	18	the	the	DET
faba-235	96	19	5	5	NUM
faba-235	96	20	-	-	PUNCT
faba-235	96	21	year	year	NOUN
faba-235	96	22	period	period	NOUN
faba-235	96	23	after	after	SCONJ
faba-235	96	24	the	the	DET
faba-235	96	25	transaction	transaction	NOUN
faba-235	96	26	was	be	AUX
faba-235	96	27	11.64	11.64	NUM
faba-235	96	28	%	%	NOUN
faba-235	96	29	,	,	PUNCT
faba-235	96	30	and	and	CCONJ
faba-235	96	31	the	the	DET
faba-235	96	32	standard	standard	ADJ
faba-235	96	33	deviation	deviation	NOUN
faba-235	96	34	was	be	AUX
faba-235	96	35	6.54	6.54	NUM
faba-235	96	36	%	%	NOUN
faba-235	96	37	,	,	PUNCT
faba-235	96	38	which	which	PRON
faba-235	96	39	compared	compare	VERB
faba-235	96	40	with	with	ADP
faba-235	96	41	the	the	DET
faba-235	96	42	average	average	ADJ
faba-235	96	43	value	value	NOUN
faba-235	96	44	of	of	ADP
faba-235	96	45	the	the	DET
faba-235	96	46	pre	pre	ADJ
faba-235	96	47	-	-	ADJ
faba-235	96	48	acquisition	acquisition	ADJ
faba-235	96	49	period	period	NOUN
faba-235	96	50	indicates	indicate	VERB
faba-235	96	51	a	a	DET
faba-235	96	52	more	more	ADV
faba-235	96	53	stable	stable	ADJ
faba-235	96	54	performance	performance	NOUN
faba-235	96	55	of	of	ADP
faba-235	96	56	the	the	DET
faba-235	96	57	bank	bank	NOUN
faba-235	96	58	.	.	PUNCT
faba-235	97	1	the	the	DET
faba-235	97	2	return	return	NOUN
faba-235	97	3	on	on	ADP
faba-235	97	4	assets	asset	NOUN
faba-235	97	5	and	and	CCONJ
faba-235	97	6	capital	capital	NOUN
faba-235	97	7	adequacy	adequacy	NOUN
faba-235	97	8	ratios	ratio	NOUN
faba-235	97	9	of	of	ADP
faba-235	97	10	first	first	ADJ
faba-235	97	11	investment	investment	PROPN
faba-235	97	12	bank	bank	PROPN
faba-235	97	13	plc	plc	PROPN
faba-235	97	14	show	show	VERB
faba-235	97	15	the	the	DET
faba-235	97	16	same	same	ADJ
faba-235	97	17	trend	trend	NOUN
faba-235	97	18	after	after	ADP
faba-235	97	19	the	the	DET
faba-235	97	20	acquisition	acquisition	NOUN
faba-235	97	21	,	,	PUNCT
faba-235	97	22	with	with	ADP
faba-235	97	23	higher	high	ADJ
faba-235	97	24	ratios	ratio	NOUN
faba-235	97	25	with	with	ADP
faba-235	97	26	lower	low	ADJ
faba-235	97	27	standard	standard	ADJ
faba-235	97	28	deviation	deviation	NOUN
faba-235	97	29	values	value	NOUN
faba-235	97	30	.	.	PUNCT
faba-235	98	1	the	the	DET
faba-235	98	2	lower	low	ADJ
faba-235	98	3	values	value	NOUN
faba-235	98	4	in	in	ADP
faba-235	98	5	2015	2015	NUM
faba-235	98	6	,	,	PUNCT
faba-235	98	7	the	the	DET
faba-235	98	8	first	first	ADJ
faba-235	98	9	year	year	NOUN
faba-235	98	10	after	after	ADP
faba-235	98	11	the	the	DET
faba-235	98	12	transaction	transaction	NOUN
faba-235	98	13	,	,	PUNCT
faba-235	98	14	which	which	PRON
faba-235	98	15	are	be	AUX
faba-235	98	16	observed	observe	VERB
faba-235	98	17	in	in	ADP
faba-235	98	18	both	both	DET
faba-235	98	19	roe	roe	NOUN
faba-235	98	20	(	(	PUNCT
faba-235	98	21	2.39	2.39	NUM
faba-235	98	22	%	%	NOUN
faba-235	98	23	)	)	PUNCT
faba-235	98	24	and	and	CCONJ
faba-235	98	25	roa	roa	PROPN
faba-235	98	26	(	(	PUNCT
faba-235	98	27	0.20	0.20	NUM
faba-235	98	28	%	%	NOUN
faba-235	98	29	)	)	PUNCT
faba-235	98	30	,	,	PUNCT
faba-235	98	31	indicate	indicate	VERB
faba-235	98	32	possible	possible	ADJ
faba-235	98	33	difficulties	difficulty	NOUN
faba-235	98	34	in	in	ADP
faba-235	98	35	the	the	DET
faba-235	98	36	process	process	NOUN
faba-235	98	37	of	of	ADP
faba-235	98	38	integration	integration	NOUN
faba-235	98	39	and	and	CCONJ
faba-235	98	40	change	change	NOUN
faba-235	98	41	of	of	ADP
faba-235	98	42	policies	policy	NOUN
faba-235	98	43	in	in	ADP
faba-235	98	44	the	the	DET
faba-235	98	45	bank	bank	NOUN
faba-235	98	46	,	,	PUNCT
faba-235	98	47	maintaining	maintain	VERB
faba-235	98	48	low	low	ADV
faba-235	98	49	-	-	PUNCT
faba-235	98	50	yielding	yield	VERB
faba-235	98	51	assets	asset	NOUN
faba-235	98	52	,	,	PUNCT
faba-235	98	53	these	these	DET
faba-235	98	54	features	feature	NOUN
faba-235	98	55	are	be	AUX
faba-235	98	56	provided	provide	VERB
faba-235	98	57	based	base	VERB
faba-235	98	58	on	on	ADP
faba-235	98	59	the	the	DET
faba-235	98	60	performance	performance	NOUN
faba-235	98	61	of	of	ADP
faba-235	98	62	the	the	DET
faba-235	98	63	company	company	NOUN
faba-235	98	64	in	in	ADP
faba-235	98	65	the	the	DET
faba-235	98	66	following	following	ADJ
faba-235	98	67	year	year	NOUN
faba-235	98	68	.	.	PUNCT
faba-235	99	1	the	the	DET
faba-235	99	2	merger	merger	NOUN
faba-235	99	3	of	of	ADP
faba-235	99	4	cibank	cibank	PROPN
faba-235	99	5	ead	ead	PROPN
faba-235	99	6	and	and	CCONJ
faba-235	99	7	ubb	ubb	PROPN
faba-235	99	8	ad	ad	NOUN
faba-235	99	9	results	result	VERB
faba-235	99	10	in	in	ADP
faba-235	99	11	a	a	DET
faba-235	99	12	significant	significant	ADJ
faba-235	99	13	increase	increase	NOUN
faba-235	99	14	in	in	ADP
faba-235	99	15	the	the	DET
faba-235	99	16	returns	return	NOUN
faba-235	99	17	of	of	ADP
faba-235	99	18	the	the	DET
faba-235	99	19	acquiring	acquire	VERB
faba-235	99	20	ubb	ubb	PROPN
faba-235	99	21	ad	ad	NOUN
faba-235	99	22	.	.	PUNCT
faba-235	100	1	the	the	DET
faba-235	100	2	average	average	ADJ
faba-235	100	3	roe	roe	NOUN
faba-235	100	4	for	for	ADP
faba-235	100	5	the	the	DET
faba-235	100	6	pre	pre	ADJ
faba-235	100	7	-	-	ADJ
faba-235	100	8	merger	merger	ADJ
faba-235	100	9	period	period	NOUN
faba-235	100	10	was	be	AUX
faba-235	100	11	3.87	3.87	NUM
faba-235	100	12	%	%	NOUN
faba-235	100	13	,	,	PUNCT
faba-235	100	14	and	and	CCONJ
faba-235	100	15	after	after	ADP
faba-235	100	16	the	the	DET
faba-235	100	17	transaction	transaction	NOUN
faba-235	100	18	,	,	PUNCT
faba-235	100	19	it	it	PRON
faba-235	100	20	increased	increase	VERB
faba-235	100	21	to	to	ADP
faba-235	100	22	10.18	10.18	NUM
faba-235	100	23	%	%	NOUN
faba-235	100	24	on	on	ADP
faba-235	100	25	average	average	ADJ
faba-235	100	26	,	,	PUNCT
faba-235	100	27	but	but	CCONJ
faba-235	100	28	there	there	PRON
faba-235	100	29	was	be	VERB
faba-235	100	30	also	also	ADV
faba-235	100	31	a	a	DET
faba-235	100	32	reduction	reduction	NOUN
faba-235	100	33	in	in	ADP
faba-235	100	34	the	the	DET
faba-235	100	35	standard	standard	ADJ
faba-235	100	36	deviation	deviation	NOUN
faba-235	100	37	to	to	ADP
faba-235	100	38	1.98	1.98	NUM
faba-235	100	39	%	%	NOUN
faba-235	100	40	,	,	PUNCT
faba-235	100	41	suggesting	suggest	VERB
faba-235	100	42	a	a	DET
faba-235	100	43	significant	significant	ADJ
faba-235	100	44	decrease	decrease	NOUN
faba-235	100	45	in	in	ADP
faba-235	100	46	fluctuations	fluctuation	NOUN
faba-235	100	47	compared	compare	VERB
faba-235	100	48	to	to	ADP
faba-235	100	49	the	the	DET
faba-235	100	50	values	value	NOUN
faba-235	100	51	recorded	record	VERB
faba-235	100	52	before	before	ADP
faba-235	100	53	the	the	DET
faba-235	100	54	merger	merger	NOUN
faba-235	100	55	.	.	PUNCT
faba-235	101	1	this	this	PRON
faba-235	101	2	is	be	AUX
faba-235	101	3	also	also	ADV
faba-235	101	4	noticeable	noticeable	ADJ
faba-235	101	5	regarding	regard	VERB
faba-235	101	6	return	return	NOUN
faba-235	101	7	on	on	ADP
faba-235	101	8	assets	asset	NOUN
faba-235	101	9	from	from	ADP
faba-235	101	10	0.61	0.61	NUM
faba-235	101	11	%	%	NOUN
faba-235	101	12	on	on	ADP
faba-235	101	13	average	average	ADJ
faba-235	101	14	before	before	ADP
faba-235	101	15	the	the	DET
faba-235	101	16	deal	deal	NOUN
faba-235	101	17	,	,	PUNCT
faba-235	101	18	which	which	PRON
faba-235	101	19	increases	increase	VERB
faba-235	101	20	to	to	ADP
faba-235	101	21	1.06	1.06	NUM
faba-235	101	22	%	%	NOUN
faba-235	101	23	after	after	ADP
faba-235	101	24	the	the	DET
faba-235	101	25	deal	deal	NOUN
faba-235	101	26	with	with	ADP
faba-235	101	27	the	the	DET
faba-235	101	28	standard	standard	ADJ
faba-235	101	29	deviation	deviation	NOUN
faba-235	101	30	remaining	remain	VERB
faba-235	101	31	almost	almost	ADV
faba-235	101	32	the	the	DET
faba-235	101	33	same	same	ADJ
faba-235	101	34	.	.	PUNCT
faba-235	102	1	the	the	DET
faba-235	102	2	capital	capital	NOUN
faba-235	102	3	adequacy	adequacy	NOUN
faba-235	102	4	ratio	ratio	NOUN
faba-235	102	5	of	of	ADP
faba-235	102	6	ubb	ubb	PROPN
faba-235	102	7	ad	ad	PROPN
faba-235	102	8	declined	decline	VERB
faba-235	102	9	compared	compare	VERB
faba-235	102	10	to	to	ADP
faba-235	102	11	the	the	DET
faba-235	102	12	pre	pre	ADJ
faba-235	102	13	-	-	ADJ
faba-235	102	14	merger	merger	ADJ
faba-235	102	15	figures	figure	NOUN
faba-235	102	16	but	but	CCONJ
faba-235	102	17	remained	remain	VERB
faba-235	102	18	relatively	relatively	ADV
faba-235	102	19	high	high	ADJ
faba-235	102	20	in	in	ADP
faba-235	102	21	line	line	NOUN
faba-235	102	22	with	with	ADP
faba-235	102	23	the	the	DET
faba-235	102	24	legislation	legislation	NOUN
faba-235	102	25	.	.	PUNCT
faba-235	103	1	the	the	DET
faba-235	103	2	reduction	reduction	NOUN
faba-235	103	3	in	in	ADP
faba-235	103	4	the	the	DET
faba-235	103	5	volatility	volatility	NOUN
faba-235	103	6	of	of	ADP
faba-235	103	7	the	the	DET
faba-235	103	8	bank	bank	NOUN
faba-235	103	9	's	's	PART
faba-235	103	10	return	return	NOUN
faba-235	103	11	on	on	ADP
faba-235	103	12	equity	equity	NOUN
faba-235	103	13	and	and	CCONJ
faba-235	103	14	capital	capital	NOUN
faba-235	103	15	adequacy	adequacy	NOUN
faba-235	103	16	highlights	highlight	VERB
faba-235	103	17	the	the	DET
faba-235	103	18	assumption	assumption	NOUN
faba-235	103	19	that	that	SCONJ
faba-235	103	20	the	the	DET
faba-235	103	21	bank	bank	NOUN
faba-235	103	22	has	have	AUX
faba-235	103	23	successfully	successfully	ADV
faba-235	103	24	completed	complete	VERB
faba-235	103	25	the	the	DET
faba-235	103	26	integration	integration	NOUN
faba-235	103	27	process	process	NOUN
faba-235	103	28	,	,	PUNCT
faba-235	103	29	realizing	realize	VERB
faba-235	103	30	consistency	consistency	NOUN
faba-235	103	31	in	in	ADP
faba-235	103	32	its	its	PRON
faba-235	103	33	post	post	ADJ
faba-235	103	34	-	-	ADJ
faba-235	103	35	transaction	transaction	ADJ
faba-235	103	36	performance	performance	NOUN
faba-235	103	37	and	and	CCONJ
faba-235	103	38	stability	stability	NOUN
faba-235	103	39	in	in	ADP
faba-235	103	40	terms	term	NOUN
faba-235	103	41	of	of	ADP
faba-235	103	42	capital	capital	NOUN
faba-235	103	43	management	management	NOUN
faba-235	103	44	.	.	PUNCT
faba-235	104	1	during	during	ADP
faba-235	104	2	the	the	DET
faba-235	104	3	2018	2018	NUM
faba-235	104	4	-	-	SYM
faba-235	104	5	2019	2019	NUM
faba-235	104	6	period	period	NOUN
faba-235	104	7	,	,	PUNCT
faba-235	104	8	several	several	ADJ
faba-235	104	9	mergers	merger	NOUN
faba-235	104	10	occurred	occur	VERB
faba-235	104	11	in	in	ADP
faba-235	104	12	the	the	DET
faba-235	104	13	bulgarian	bulgarian	ADJ
faba-235	104	14	banking	banking	NOUN
faba-235	104	15	market	market	NOUN
faba-235	104	16	.	.	PUNCT
faba-235	105	1	the	the	DET
faba-235	105	2	smaller	small	ADJ
faba-235	105	3	bank	bank	NOUN
faba-235	105	4	segment	segment	NOUN
faba-235	105	5	seen	see	VERB
faba-235	105	6	the	the	DET
faba-235	105	7	acquisition	acquisition	NOUN
faba-235	105	8	of	of	ADP
faba-235	105	9	commercial	commercial	PROPN
faba-235	105	10	bank	bank	PROPN
faba-235	105	11	victoria	victoria	PROPN
faba-235	105	12	ead	ead	PROPN
faba-235	105	13	by	by	ADP
faba-235	105	14	investbank	investbank	ADJ
faba-235	105	15	ad	ad	NOUN
faba-235	105	16	in	in	ADP
faba-235	105	17	2018	2018	NUM
faba-235	105	18	.	.	PUNCT
faba-235	106	1	investbank	investbank	ADJ
faba-235	106	2	ad	ad	NOUN
faba-235	106	3	has	have	AUX
faba-235	106	4	,	,	PUNCT
faba-235	106	5	on	on	ADP
faba-235	106	6	several	several	ADJ
faba-235	106	7	occasions	occasion	NOUN
faba-235	106	8	over	over	ADP
faba-235	106	9	the	the	DET
faba-235	106	10	years	year	NOUN
faba-235	106	11	,	,	PUNCT
faba-235	106	12	realized	realize	VERB
faba-235	106	13	negative	negative	ADJ
faba-235	106	14	roe	roe	NOUN
faba-235	106	15	and	and	CCONJ
faba-235	106	16	roa	roa	PROPN
faba-235	106	17	results	result	NOUN
faba-235	106	18	based	base	VERB
faba-235	106	19	on	on	ADP
faba-235	106	20	financial	financial	ADJ
faba-235	106	21	statement	statement	NOUN
faba-235	106	22	data	datum	NOUN
faba-235	106	23	.	.	PUNCT
faba-235	107	1	in	in	ADP
faba-235	107	2	the	the	DET
faba-235	107	3	five	five	NUM
faba-235	107	4	-	-	PUNCT
faba-235	107	5	year	year	NOUN
faba-235	107	6	period	period	NOUN
faba-235	107	7	before	before	ADP
faba-235	107	8	the	the	DET
faba-235	107	9	acquisition	acquisition	NOUN
faba-235	107	10	of	of	ADP
faba-235	107	11	bank	bank	PROPN
faba-235	107	12	victoria	victoria	PROPN
faba-235	107	13	ead	ead	PROPN
faba-235	107	14	,	,	PUNCT
faba-235	107	15	the	the	DET
faba-235	107	16	average	average	ADJ
faba-235	107	17	daniel	daniel	PROPN
faba-235	107	18	dimitrov	dimitrov	PROPN
faba-235	107	19	/	/	SYM
faba-235	107	20	finance	finance	NOUN
faba-235	107	21	,	,	PUNCT
faba-235	107	22	accounting	accounting	NOUN
faba-235	107	23	and	and	CCONJ
faba-235	107	24	business	business	NOUN
faba-235	107	25	analysis	analysis	NOUN
faba-235	107	26	,	,	PUNCT
faba-235	107	27	volume	volume	NOUN
faba-235	107	28	6	6	NUM
faba-235	107	29	,	,	PUNCT
faba-235	107	30	issue	issue	NOUN
faba-235	107	31	2	2	NUM
faba-235	107	32	,	,	PUNCT
faba-235	107	33	2024	2024	NUM
faba-235	107	34	140	140	NUM
faba-235	107	35	roe	roe	NOUN
faba-235	107	36	and	and	CCONJ
faba-235	107	37	roa	roa	PROPN
faba-235	107	38	of	of	ADP
faba-235	107	39	investbank	investbank	PROPN
faba-235	107	40	plc	plc	PROPN
faba-235	107	41	were	be	AUX
faba-235	107	42	-3.33	-3.33	NUM
faba-235	107	43	%	%	NOUN
faba-235	107	44	and	and	CCONJ
faba-235	107	45	-0.25	-0.25	NUM
faba-235	107	46	%	%	NOUN
faba-235	107	47	,	,	PUNCT
faba-235	107	48	respectively	respectively	ADV
faba-235	107	49	.	.	PUNCT
faba-235	108	1	in	in	ADP
faba-235	108	2	the	the	DET
faba-235	108	3	year	year	NOUN
faba-235	108	4	before	before	ADP
faba-235	108	5	the	the	DET
faba-235	108	6	acquisition	acquisition	NOUN
faba-235	108	7	,	,	PUNCT
faba-235	108	8	investbank	investbank	PROPN
faba-235	108	9	plc	plc	PROPN
faba-235	108	10	made	make	VERB
faba-235	108	11	a	a	DET
faba-235	108	12	loss	loss	NOUN
faba-235	108	13	,	,	PUNCT
faba-235	108	14	which	which	PRON
faba-235	108	15	impacted	impact	VERB
faba-235	108	16	its	its	PRON
faba-235	108	17	return	return	NOUN
faba-235	108	18	ratios	ratio	NOUN
faba-235	108	19	.	.	PUNCT
faba-235	109	1	the	the	DET
faba-235	109	2	main	main	ADJ
faba-235	109	3	contributor	contributor	NOUN
faba-235	109	4	to	to	ADP
faba-235	109	5	the	the	DET
faba-235	109	6	negative	negative	ADJ
faba-235	109	7	financial	financial	ADJ
faba-235	109	8	result	result	NOUN
faba-235	109	9	is	be	AUX
faba-235	109	10	impairment	impairment	ADJ
faba-235	109	11	losses	loss	NOUN
faba-235	109	12	on	on	ADP
faba-235	109	13	financial	financial	ADJ
faba-235	109	14	assets	asset	NOUN
faba-235	109	15	,	,	PUNCT
faba-235	109	16	in	in	ADP
faba-235	109	17	accordance	accordance	NOUN
faba-235	109	18	with	with	ADP
faba-235	109	19	the	the	DET
faba-235	109	20	action	action	NOUN
faba-235	109	21	plan	plan	NOUN
faba-235	109	22	adopted	adopt	VERB
faba-235	109	23	by	by	ADP
faba-235	109	24	the	the	DET
faba-235	109	25	bank	bank	NOUN
faba-235	109	26	in	in	ADP
faba-235	109	27	relation	relation	NOUN
faba-235	109	28	to	to	ADP
faba-235	109	29	the	the	DET
faba-235	109	30	results	result	NOUN
faba-235	109	31	of	of	ADP
faba-235	109	32	the	the	DET
faba-235	109	33	asset	asset	NOUN
faba-235	109	34	review	review	NOUN
faba-235	109	35	completed	complete	VERB
faba-235	109	36	in	in	ADP
faba-235	109	37	the	the	DET
faba-235	109	38	previous	previous	ADJ
faba-235	109	39	year	year	NOUN
faba-235	109	40	(	(	PUNCT
faba-235	109	41	2016	2016	NUM
faba-235	109	42	)	)	PUNCT
faba-235	109	43	.	.	PUNCT
faba-235	110	1	even	even	ADV
faba-235	110	2	if	if	SCONJ
faba-235	110	3	this	this	DET
faba-235	110	4	year	year	NOUN
faba-235	110	5	is	be	AUX
faba-235	110	6	excluded	exclude	VERB
faba-235	110	7	due	due	ADP
faba-235	110	8	to	to	ADP
faba-235	110	9	the	the	DET
faba-235	110	10	exceptional	exceptional	ADJ
faba-235	110	11	nature	nature	NOUN
faba-235	110	12	of	of	ADP
faba-235	110	13	this	this	DET
faba-235	110	14	practice	practice	NOUN
faba-235	110	15	and	and	CCONJ
faba-235	110	16	is	be	AUX
faba-235	110	17	perceived	perceive	VERB
faba-235	110	18	as	as	ADP
faba-235	110	19	a	a	DET
faba-235	110	20	one	one	NUM
faba-235	110	21	-	-	PUNCT
faba-235	110	22	off	off	ADP
faba-235	110	23	event	event	NOUN
faba-235	110	24	,	,	PUNCT
faba-235	110	25	the	the	DET
faba-235	110	26	values	value	NOUN
faba-235	110	27	of	of	ADP
faba-235	110	28	both	both	DET
faba-235	110	29	indicators	indicator	NOUN
faba-235	110	30	remain	remain	VERB
faba-235	110	31	relatively	relatively	ADV
faba-235	110	32	low	low	ADJ
faba-235	110	33	.	.	PUNCT
faba-235	111	1	following	follow	VERB
faba-235	111	2	the	the	DET
faba-235	111	3	transaction	transaction	NOUN
faba-235	111	4	,	,	PUNCT
faba-235	111	5	there	there	PRON
faba-235	111	6	was	be	VERB
faba-235	111	7	a	a	DET
faba-235	111	8	relative	relative	ADJ
faba-235	111	9	improvement	improvement	NOUN
faba-235	111	10	in	in	ADP
faba-235	111	11	the	the	DET
faba-235	111	12	ratios	ratio	NOUN
faba-235	111	13	of	of	ADP
faba-235	111	14	investbank	investbank	PROPN
faba-235	111	15	plc	plc	PROPN
faba-235	111	16	of	of	ADP
faba-235	111	17	7.98	7.98	NUM
faba-235	111	18	%	%	NOUN
faba-235	111	19	(	(	PUNCT
faba-235	111	20	roe	roe	NOUN
faba-235	111	21	)	)	PUNCT
faba-235	111	22	and	and	CCONJ
faba-235	111	23	0.88	0.88	NUM
faba-235	111	24	%	%	NOUN
faba-235	111	25	(	(	PUNCT
faba-235	111	26	roa	roa	NOUN
faba-235	111	27	)	)	PUNCT
faba-235	111	28	,	,	PUNCT
faba-235	111	29	respectively	respectively	ADV
faba-235	111	30	.	.	PUNCT
faba-235	112	1	the	the	DET
faba-235	112	2	improvement	improvement	NOUN
faba-235	112	3	in	in	ADP
faba-235	112	4	the	the	DET
faba-235	112	5	capital	capital	NOUN
faba-235	112	6	base	base	NOUN
faba-235	112	7	and	and	CCONJ
faba-235	112	8	financial	financial	ADJ
faba-235	112	9	stability	stability	NOUN
faba-235	112	10	of	of	ADP
faba-235	112	11	the	the	DET
faba-235	112	12	acquiring	acquire	VERB
faba-235	112	13	bank	bank	NOUN
faba-235	112	14	is	be	AUX
faba-235	112	15	supported	support	VERB
faba-235	112	16	by	by	ADP
faba-235	112	17	the	the	DET
faba-235	112	18	increase	increase	NOUN
faba-235	112	19	in	in	ADP
faba-235	112	20	the	the	DET
faba-235	112	21	capital	capital	NOUN
faba-235	112	22	adequacy	adequacy	NOUN
faba-235	112	23	ratio	ratio	NOUN
faba-235	112	24	to	to	ADP
faba-235	112	25	19.91	19.91	NUM
faba-235	112	26	%	%	NOUN
faba-235	112	27	(	(	PUNCT
faba-235	112	28	18.51	18.51	NUM
faba-235	112	29	%	%	NOUN
faba-235	112	30	on	on	ADP
faba-235	112	31	average	average	ADJ
faba-235	112	32	before	before	ADP
faba-235	112	33	the	the	DET
faba-235	112	34	acquisition	acquisition	NOUN
faba-235	112	35	)	)	PUNCT
faba-235	112	36	.	.	PUNCT
faba-235	113	1	another	another	DET
faba-235	113	2	significant	significant	ADJ
faba-235	113	3	transaction	transaction	NOUN
faba-235	113	4	completed	complete	VERB
faba-235	113	5	in	in	ADP
faba-235	113	6	this	this	DET
faba-235	113	7	period	period	NOUN
faba-235	113	8	was	be	AUX
faba-235	113	9	that	that	PRON
faba-235	113	10	between	between	ADP
faba-235	113	11	dsk	dsk	PROPN
faba-235	113	12	bank	bank	PROPN
faba-235	113	13	ead	ead	PROPN
faba-235	113	14	and	and	CCONJ
faba-235	113	15	société	société	PROPN
faba-235	113	16	generale	generale	PROPN
faba-235	113	17	expressbank	expressbank	PROPN
faba-235	113	18	ad	ad	NOUN
faba-235	113	19	.	.	PUNCT
faba-235	114	1	"	"	PUNCT
faba-235	114	2	dsk	dsk	PROPN
faba-235	114	3	bank	bank	PROPN
faba-235	114	4	ead	ead	PROPN
faba-235	114	5	is	be	AUX
faba-235	114	6	one	one	NUM
faba-235	114	7	of	of	ADP
faba-235	114	8	the	the	DET
faba-235	114	9	leading	lead	VERB
faba-235	114	10	banks	bank	NOUN
faba-235	114	11	on	on	ADP
faba-235	114	12	the	the	DET
faba-235	114	13	bulgarian	bulgarian	ADJ
faba-235	114	14	market	market	NOUN
faba-235	114	15	.	.	PUNCT
faba-235	115	1	the	the	DET
faba-235	115	2	acquisition	acquisition	NOUN
faba-235	115	3	of	of	ADP
faba-235	115	4	société	société	PROPN
faba-235	115	5	generale	generale	PROPN
faba-235	115	6	expressbank	expressbank	NOUN
faba-235	115	7	ad	ad	NOUN
faba-235	115	8	business	business	NOUN
faba-235	115	9	in	in	ADP
faba-235	115	10	bulgaria	bulgaria	PROPN
faba-235	115	11	made	make	VERB
faba-235	115	12	the	the	DET
faba-235	115	13	bank	bank	NOUN
faba-235	115	14	the	the	DET
faba-235	115	15	market	market	NOUN
faba-235	115	16	leader	leader	NOUN
faba-235	115	17	in	in	ADP
faba-235	115	18	terms	term	NOUN
faba-235	115	19	of	of	ADP
faba-235	115	20	assets	asset	NOUN
faba-235	115	21	.	.	PUNCT
faba-235	116	1	due	due	ADP
faba-235	116	2	to	to	ADP
faba-235	116	3	the	the	DET
faba-235	116	4	lack	lack	NOUN
faba-235	116	5	of	of	ADP
faba-235	116	6	a	a	DET
faba-235	116	7	5	5	NUM
faba-235	116	8	-	-	PUNCT
faba-235	116	9	year	year	NOUN
faba-235	116	10	period	period	NOUN
faba-235	116	11	since	since	SCONJ
faba-235	116	12	the	the	DET
faba-235	116	13	transaction	transaction	NOUN
faba-235	116	14	,	,	PUNCT
faba-235	116	15	the	the	DET
faba-235	116	16	data	datum	NOUN
faba-235	116	17	for	for	ADP
faba-235	116	18	dsk	dsk	PROPN
faba-235	116	19	bank	bank	PROPN
faba-235	116	20	ead	ead	PROPN
faba-235	116	21	is	be	AUX
faba-235	116	22	calculated	calculate	VERB
faba-235	116	23	over	over	ADP
faba-235	116	24	a	a	DET
faba-235	116	25	4	4	NUM
faba-235	116	26	-	-	PUNCT
faba-235	116	27	year	year	NOUN
faba-235	116	28	period	period	NOUN
faba-235	116	29	.	.	PUNCT
faba-235	117	1	from	from	ADP
faba-235	117	2	the	the	DET
faba-235	117	3	calculations	calculation	NOUN
faba-235	117	4	performed	perform	VERB
faba-235	117	5	,	,	PUNCT
faba-235	117	6	there	there	PRON
faba-235	117	7	is	be	VERB
faba-235	117	8	a	a	DET
faba-235	117	9	decrease	decrease	NOUN
faba-235	117	10	in	in	ADP
faba-235	117	11	the	the	DET
faba-235	117	12	return	return	NOUN
faba-235	117	13	on	on	ADP
faba-235	117	14	equity	equity	NOUN
faba-235	117	15	and	and	CCONJ
faba-235	117	16	return	return	VERB
faba-235	117	17	on	on	ADP
faba-235	117	18	assets	asset	NOUN
faba-235	117	19	from	from	ADP
faba-235	117	20	16.66	16.66	NUM
faba-235	117	21	%	%	NOUN
faba-235	117	22	and	and	CCONJ
faba-235	117	23	2.39	2.39	NUM
faba-235	117	24	%	%	NOUN
faba-235	117	25	to	to	ADP
faba-235	117	26	13.50	13.50	NUM
faba-235	117	27	%	%	NOUN
faba-235	117	28	and	and	CCONJ
faba-235	117	29	1.88	1.88	NUM
faba-235	117	30	%	%	NOUN
faba-235	117	31	.	.	PUNCT
faba-235	118	1	the	the	DET
faba-235	118	2	observed	observe	VERB
faba-235	118	3	reduction	reduction	NOUN
faba-235	118	4	in	in	ADP
faba-235	118	5	the	the	DET
faba-235	118	6	ratios	ratio	NOUN
faba-235	118	7	a	a	DET
faba-235	118	8	year	year	NOUN
faba-235	118	9	after	after	SCONJ
faba-235	118	10	the	the	DET
faba-235	118	11	acquisition	acquisition	NOUN
faba-235	118	12	is	be	AUX
faba-235	118	13	attributable	attributable	ADJ
faba-235	118	14	to	to	ADP
faba-235	118	15	higher	high	ADJ
faba-235	118	16	impairment	impairment	ADJ
faba-235	118	17	charges	charge	NOUN
faba-235	118	18	and	and	CCONJ
faba-235	118	19	a	a	DET
faba-235	118	20	corresponding	corresponding	ADJ
faba-235	118	21	decrease	decrease	NOUN
faba-235	118	22	in	in	ADP
faba-235	118	23	earnings	earning	NOUN
faba-235	118	24	associated	associate	VERB
faba-235	118	25	with	with	ADP
faba-235	118	26	the	the	DET
faba-235	118	27	covid-19	covid-19	PROPN
faba-235	118	28	pandemic	pandemic	NOUN
faba-235	118	29	.	.	PUNCT
faba-235	119	1	in	in	ADP
faba-235	119	2	the	the	DET
faba-235	119	3	period	period	NOUN
faba-235	119	4	after	after	ADP
faba-235	119	5	the	the	DET
faba-235	119	6	pandemic	pandemic	NOUN
faba-235	119	7	,	,	PUNCT
faba-235	119	8	there	there	PRON
faba-235	119	9	was	be	VERB
faba-235	119	10	a	a	DET
faba-235	119	11	recovery	recovery	NOUN
faba-235	119	12	to	to	ADP
faba-235	119	13	relatively	relatively	ADV
faba-235	119	14	high	high	ADJ
faba-235	119	15	roe	roe	NOUN
faba-235	119	16	levels	level	NOUN
faba-235	119	17	,	,	PUNCT
faba-235	119	18	with	with	ADP
faba-235	119	19	an	an	DET
faba-235	119	20	average	average	NOUN
faba-235	119	21	of	of	ADP
faba-235	119	22	16.20	16.20	NUM
faba-235	119	23	%	%	NOUN
faba-235	119	24	over	over	ADP
faba-235	119	25	the	the	DET
faba-235	119	26	next	next	ADJ
faba-235	119	27	3	3	NUM
faba-235	119	28	years	year	NOUN
faba-235	119	29	and	and	CCONJ
faba-235	119	30	a	a	DET
faba-235	119	31	2.25	2.25	NUM
faba-235	119	32	%	%	NOUN
faba-235	119	33	roa	roa	NOUN
faba-235	119	34	.	.	PUNCT
faba-235	120	1	in	in	ADP
faba-235	120	2	the	the	DET
faba-235	120	3	postacquisition	postacquisition	NOUN
faba-235	120	4	period	period	NOUN
faba-235	120	5	,	,	PUNCT
faba-235	120	6	there	there	PRON
faba-235	120	7	is	be	VERB
faba-235	120	8	a	a	DET
faba-235	120	9	higher	high	ADJ
faba-235	120	10	variance	variance	NOUN
faba-235	120	11	in	in	ADP
faba-235	120	12	the	the	DET
faba-235	120	13	ratios	ratio	NOUN
faba-235	120	14	,	,	PUNCT
faba-235	120	15	mainly	mainly	ADV
faba-235	120	16	due	due	ADP
faba-235	120	17	to	to	ADP
faba-235	120	18	the	the	DET
faba-235	120	19	covid-19	covid-19	PROPN
faba-235	120	20	pandemic	pandemic	NOUN
faba-235	120	21	.	.	PUNCT
faba-235	121	1	although	although	SCONJ
faba-235	121	2	there	there	PRON
faba-235	121	3	is	be	VERB
faba-235	121	4	a	a	DET
faba-235	121	5	decline	decline	NOUN
faba-235	121	6	in	in	ADP
faba-235	121	7	the	the	DET
faba-235	121	8	ratios	ratio	NOUN
faba-235	121	9	,	,	PUNCT
faba-235	121	10	given	give	VERB
faba-235	121	11	the	the	DET
faba-235	121	12	size	size	NOUN
faba-235	121	13	of	of	ADP
faba-235	121	14	dsk	dsk	PROPN
faba-235	121	15	bank	bank	PROPN
faba-235	121	16	ead	ead	PROPN
faba-235	121	17	,	,	PUNCT
faba-235	121	18	it	it	PRON
faba-235	121	19	can	can	AUX
faba-235	121	20	not	not	PART
faba-235	121	21	be	be	AUX
faba-235	121	22	deterred	deter	VERB
faba-235	121	23	as	as	ADP
faba-235	121	24	a	a	DET
faba-235	121	25	worrying	worrying	ADJ
faba-235	121	26	signal	signal	NOUN
faba-235	121	27	of	of	ADP
faba-235	121	28	potential	potential	ADJ
faba-235	121	29	problems	problem	NOUN
faba-235	121	30	.	.	PUNCT
faba-235	122	1	the	the	DET
faba-235	122	2	bank	bank	NOUN
faba-235	122	3	's	's	PART
faba-235	122	4	capital	capital	NOUN
faba-235	122	5	adequacy	adequacy	NOUN
faba-235	122	6	ratio	ratio	NOUN
faba-235	122	7	strengthened	strengthen	VERB
faba-235	122	8	in	in	ADP
faba-235	122	9	the	the	DET
faba-235	122	10	second	second	ADJ
faba-235	122	11	period	period	NOUN
faba-235	122	12	with	with	ADP
faba-235	122	13	an	an	DET
faba-235	122	14	average	average	NOUN
faba-235	122	15	of	of	ADP
faba-235	122	16	22.50	22.50	NUM
faba-235	122	17	%	%	NOUN
faba-235	122	18	compared	compare	VERB
faba-235	122	19	to	to	ADP
faba-235	122	20	the	the	DET
faba-235	122	21	first	first	ADJ
faba-235	122	22	period	period	NOUN
faba-235	122	23	when	when	SCONJ
faba-235	122	24	it	it	PRON
faba-235	122	25	was	be	AUX
faba-235	122	26	17.22	17.22	NUM
faba-235	122	27	%	%	NOUN
faba-235	122	28	.	.	PUNCT
faba-235	123	1	thus	thus	ADV
faba-235	123	2	,	,	PUNCT
faba-235	123	3	in	in	ADP
faba-235	123	4	addition	addition	NOUN
faba-235	123	5	to	to	ADP
faba-235	123	6	improving	improve	VERB
faba-235	123	7	its	its	PRON
faba-235	123	8	market	market	NOUN
faba-235	123	9	performance	performance	NOUN
faba-235	123	10	,	,	PUNCT
faba-235	123	11	the	the	DET
faba-235	123	12	bank	bank	NOUN
faba-235	123	13	is	be	AUX
faba-235	123	14	working	work	VERB
faba-235	123	15	to	to	PART
faba-235	123	16	strengthen	strengthen	VERB
faba-235	123	17	its	its	PRON
faba-235	123	18	capital	capital	NOUN
faba-235	123	19	base	base	NOUN
faba-235	123	20	and	and	CCONJ
faba-235	123	21	stability	stability	NOUN
faba-235	123	22	in	in	ADP
faba-235	123	23	response	response	NOUN
faba-235	123	24	to	to	ADP
faba-235	123	25	regulatory	regulatory	ADJ
faba-235	123	26	requirements	requirement	NOUN
faba-235	123	27	.	.	PUNCT
faba-235	124	1	"	"	PUNCT
faba-235	124	2	eurobank	eurobank	PROPN
faba-235	124	3	bulgaria	bulgaria	PROPN
faba-235	124	4	"	"	PUNCT
faba-235	124	5	ad	ad	NOUN
faba-235	124	6	also	also	ADV
faba-235	124	7	implemented	implement	VERB
faba-235	124	8	in	in	ADP
faba-235	124	9	2019	2019	NUM
faba-235	124	10	a	a	DET
faba-235	124	11	transaction	transaction	NOUN
faba-235	124	12	of	of	ADP
faba-235	124	13	business	business	NOUN
faba-235	124	14	acquisition	acquisition	NOUN
faba-235	124	15	of	of	ADP
faba-235	124	16	bank	bank	PROPN
faba-235	124	17	piraeus	piraeus	PROPN
faba-235	124	18	bulgaria	bulgaria	PROPN
faba-235	124	19	ad	ad	NOUN
faba-235	124	20	.	.	PUNCT
faba-235	125	1	over	over	ADP
faba-235	125	2	the	the	DET
faba-235	125	3	years	year	NOUN
faba-235	125	4	,	,	PUNCT
faba-235	125	5	postbank	postbank	PROPN
faba-235	125	6	(	(	PUNCT
faba-235	125	7	eurobank	eurobank	PROPN
faba-235	125	8	bulgaria	bulgaria	PROPN
faba-235	125	9	plc	plc	PROPN
faba-235	125	10	)	)	PUNCT
faba-235	125	11	has	have	AUX
faba-235	125	12	completed	complete	VERB
faba-235	125	13	several	several	ADJ
faba-235	125	14	acquisitions	acquisition	NOUN
faba-235	125	15	.	.	PUNCT
faba-235	126	1	in	in	ADP
faba-235	126	2	2016	2016	NUM
faba-235	126	3	,	,	PUNCT
faba-235	126	4	it	it	PRON
faba-235	126	5	acquired	acquire	VERB
faba-235	126	6	the	the	DET
faba-235	126	7	business	business	NOUN
faba-235	126	8	of	of	ADP
faba-235	126	9	alfa	alfa	PROPN
faba-235	126	10	bank	bank	PROPN
faba-235	126	11	sofia	sofia	PROPN
faba-235	126	12	branch	branch	PROPN
faba-235	126	13	,	,	PUNCT
faba-235	126	14	and	and	CCONJ
faba-235	126	15	in	in	ADP
faba-235	126	16	2023	2023	NUM
faba-235	126	17	,	,	PUNCT
faba-235	126	18	it	it	PRON
faba-235	126	19	acquired	acquire	VERB
faba-235	126	20	bnp	bnp	PROPN
faba-235	126	21	paribas	paribas	PROPN
faba-235	126	22	parsons	parsons	PROPN
faba-235	126	23	financial	financial	PROPN
faba-235	126	24	s.a	s.a	PROPN
faba-235	126	25	.	.	PROPN
faba-235	126	26	,	,	PUNCT
faba-235	126	27	bulgaria	bulgaria	PROPN
faba-235	126	28	branch	branch	NOUN
faba-235	126	29	,	,	PUNCT
faba-235	126	30	and	and	CCONJ
faba-235	126	31	its	its	PRON
faba-235	126	32	retail	retail	ADJ
faba-235	126	33	business	business	NOUN
faba-235	126	34	.	.	PUNCT
faba-235	127	1	all	all	PRON
faba-235	127	2	of	of	ADP
faba-235	127	3	these	these	DET
faba-235	127	4	transactions	transaction	NOUN
faba-235	127	5	reflect	reflect	VERB
faba-235	127	6	eurobank	eurobank	PROPN
faba-235	127	7	bulgaria	bulgaria	PROPN
faba-235	127	8	ad	ad	NOUN
faba-235	127	9	's	's	PART
faba-235	127	10	desire	desire	NOUN
faba-235	127	11	to	to	PART
faba-235	127	12	position	position	VERB
faba-235	127	13	itself	itself	PRON
faba-235	127	14	among	among	ADP
faba-235	127	15	the	the	DET
faba-235	127	16	market	market	NOUN
faba-235	127	17	leaders	leader	NOUN
faba-235	127	18	and	and	CCONJ
faba-235	127	19	expand	expand	VERB
faba-235	127	20	its	its	PRON
faba-235	127	21	business	business	NOUN
faba-235	127	22	as	as	ADV
faba-235	127	23	much	much	ADV
faba-235	127	24	as	as	ADP
faba-235	127	25	possible	possible	ADJ
faba-235	127	26	.	.	PUNCT
faba-235	128	1	the	the	DET
faba-235	128	2	two	two	NUM
faba-235	128	3	acquisitions	acquisition	NOUN
faba-235	128	4	of	of	ADP
faba-235	128	5	alfa	alfa	PROPN
faba-235	128	6	bank	bank	PROPN
faba-235	128	7	sofia	sofia	PROPN
faba-235	128	8	branch	branch	PROPN
faba-235	128	9	and	and	CCONJ
faba-235	128	10	bank	bank	PROPN
faba-235	128	11	piraeus	piraeus	PROPN
faba-235	128	12	bulgaria	bulgaria	PROPN
faba-235	128	13	ad	ad	NOUN
faba-235	128	14	will	will	AUX
faba-235	128	15	be	be	AUX
faba-235	128	16	considered	consider	VERB
faba-235	128	17	independently	independently	ADV
faba-235	128	18	of	of	ADP
faba-235	128	19	each	each	DET
faba-235	128	20	other	other	ADJ
faba-235	128	21	.	.	PUNCT
faba-235	129	1	in	in	ADP
faba-235	129	2	the	the	DET
faba-235	129	3	first	first	ADJ
faba-235	129	4	merger	merger	NOUN
faba-235	129	5	,	,	PUNCT
faba-235	129	6	which	which	PRON
faba-235	129	7	was	be	AUX
faba-235	129	8	realized	realize	VERB
faba-235	129	9	in	in	ADP
faba-235	129	10	2016	2016	NUM
faba-235	129	11	,	,	PUNCT
faba-235	129	12	in	in	ADP
faba-235	129	13	the	the	DET
faba-235	129	14	period	period	NOUN
faba-235	129	15	prior	prior	ADV
faba-235	129	16	to	to	ADP
faba-235	129	17	its	its	PRON
faba-235	129	18	implementation	implementation	NOUN
faba-235	129	19	,	,	PUNCT
faba-235	129	20	postbank	postbank	PROPN
faba-235	129	21	recorded	record	VERB
faba-235	129	22	significantly	significantly	ADV
faba-235	129	23	lower	low	ADJ
faba-235	129	24	roe	roe	NOUN
faba-235	129	25	levels	level	NOUN
faba-235	129	26	.	.	PUNCT
faba-235	130	1	the	the	DET
faba-235	130	2	fluctuations	fluctuation	NOUN
faba-235	130	3	are	be	AUX
faba-235	130	4	quite	quite	ADV
faba-235	130	5	high	high	ADJ
faba-235	130	6	in	in	ADP
faba-235	130	7	the	the	DET
faba-235	130	8	ratio	ratio	NOUN
faba-235	130	9	;	;	PUNCT
faba-235	130	10	the	the	DET
faba-235	130	11	average	average	ADJ
faba-235	130	12	value	value	NOUN
faba-235	130	13	for	for	ADP
faba-235	130	14	the	the	DET
faba-235	130	15	period	period	NOUN
faba-235	130	16	is	be	AUX
faba-235	130	17	2.53	2.53	NUM
faba-235	130	18	%	%	NOUN
faba-235	130	19	,	,	PUNCT
faba-235	130	20	and	and	CCONJ
faba-235	130	21	the	the	DET
faba-235	130	22	standard	standard	ADJ
faba-235	130	23	deviation	deviation	NOUN
faba-235	130	24	is	be	AUX
faba-235	130	25	3.83	3.83	NUM
faba-235	130	26	%	%	NOUN
faba-235	130	27	,	,	PUNCT
faba-235	130	28	and	and	CCONJ
faba-235	130	29	for	for	ADP
faba-235	130	30	the	the	DET
faba-235	130	31	period	period	NOUN
faba-235	130	32	after	after	ADP
faba-235	130	33	the	the	DET
faba-235	130	34	acquisition	acquisition	NOUN
faba-235	130	35	of	of	ADP
faba-235	130	36	alfa	alfa	PROPN
faba-235	130	37	bank	bank	PROPN
faba-235	130	38	sofia	sofia	PROPN
faba-235	130	39	branch	branch	PROPN
faba-235	130	40	,	,	PUNCT
faba-235	130	41	it	it	PRON
faba-235	130	42	increases	increase	VERB
faba-235	130	43	to	to	ADP
faba-235	130	44	11.40	11.40	NUM
faba-235	130	45	%	%	NOUN
faba-235	130	46	,	,	PUNCT
faba-235	130	47	reducing	reduce	VERB
faba-235	130	48	the	the	DET
faba-235	130	49	deviations	deviation	NOUN
faba-235	130	50	in	in	ADP
faba-235	130	51	the	the	DET
faba-235	130	52	values	value	NOUN
faba-235	130	53	of	of	ADP
faba-235	130	54	the	the	DET
faba-235	130	55	indicator	indicator	NOUN
faba-235	130	56	to	to	ADP
faba-235	130	57	2.17	2.17	NUM
faba-235	130	58	%	%	NOUN
faba-235	130	59	.	.	PUNCT
faba-235	131	1	observed	observe	VERB
faba-235	131	2	after	after	ADP
faba-235	131	3	the	the	DET
faba-235	131	4	merger	merger	NOUN
faba-235	131	5	of	of	ADP
faba-235	131	6	alfa	alfa	PROPN
faba-235	131	7	bank	bank	PROPN
faba-235	131	8	sofia	sofia	PROPN
faba-235	131	9	branch	branch	PROPN
faba-235	131	10	and	and	CCONJ
faba-235	131	11	better	well	ADJ
faba-235	131	12	asset	asset	NOUN
faba-235	131	13	management	management	NOUN
faba-235	131	14	,	,	PUNCT
faba-235	131	15	the	the	DET
faba-235	131	16	ratio	ratio	NOUN
faba-235	131	17	increased	increase	VERB
faba-235	131	18	to	to	ADP
faba-235	131	19	1.62	1.62	NUM
faba-235	131	20	%	%	NOUN
faba-235	131	21	compared	compare	VERB
faba-235	131	22	to	to	ADP
faba-235	131	23	the	the	DET
faba-235	131	24	first	first	ADJ
faba-235	131	25	period	period	NOUN
faba-235	131	26	,	,	PUNCT
faba-235	131	27	for	for	ADP
faba-235	131	28	which	which	PRON
faba-235	131	29	the	the	DET
faba-235	131	30	value	value	NOUN
faba-235	131	31	was	be	AUX
faba-235	131	32	0.39	0.39	NUM
faba-235	131	33	%	%	NOUN
faba-235	131	34	.	.	PUNCT
faba-235	132	1	these	these	DET
faba-235	132	2	results	result	NOUN
faba-235	132	3	,	,	PUNCT
faba-235	132	4	as	as	ADP
faba-235	132	5	a	a	DET
faba-235	132	6	movement	movement	NOUN
faba-235	132	7	,	,	PUNCT
faba-235	132	8	are	be	AUX
faba-235	132	9	maintained	maintain	VERB
faba-235	132	10	with	with	ADP
faba-235	132	11	the	the	DET
faba-235	132	12	acquisition	acquisition	NOUN
faba-235	132	13	in	in	ADP
faba-235	132	14	2019	2019	NUM
faba-235	132	15	of	of	ADP
faba-235	132	16	bank	bank	PROPN
faba-235	132	17	piraeus	piraeus	PROPN
faba-235	132	18	bulgaria	bulgaria	PROPN
faba-235	132	19	ad	ad	NOUN
faba-235	132	20	.	.	PUNCT
faba-235	133	1	after	after	ADP
faba-235	133	2	the	the	DET
faba-235	133	3	transaction	transaction	NOUN
faba-235	133	4	,	,	PUNCT
faba-235	133	5	"	"	PUNCT
faba-235	133	6	eurobank	eurobank	ADJ
faba-235	133	7	bulgaria	bulgaria	PROPN
faba-235	133	8	"	"	PUNCT
faba-235	133	9	ad	ad	NOUN
faba-235	133	10	maintains	maintain	VERB
faba-235	133	11	higher	high	ADJ
faba-235	133	12	returns	return	NOUN
faba-235	133	13	,	,	PUNCT
faba-235	133	14	making	make	VERB
faba-235	133	15	it	it	PRON
faba-235	133	16	more	more	ADV
faba-235	133	17	efficient	efficient	ADJ
faba-235	133	18	in	in	ADP
faba-235	133	19	the	the	DET
faba-235	133	20	banking	banking	NOUN
faba-235	133	21	market	market	NOUN
faba-235	133	22	,	,	PUNCT
faba-235	133	23	a	a	DET
faba-235	133	24	necessity	necessity	NOUN
faba-235	133	25	for	for	ADP
faba-235	133	26	successful	successful	ADJ
faba-235	133	27	positioning	positioning	NOUN
faba-235	133	28	against	against	ADP
faba-235	133	29	its	its	PRON
faba-235	133	30	competitors	competitor	NOUN
faba-235	133	31	.	.	PUNCT
faba-235	134	1	roe	roe	NOUN
faba-235	134	2	increases	increase	VERB
faba-235	134	3	to	to	ADP
faba-235	134	4	10.77	10.77	NUM
faba-235	134	5	%	%	NOUN
faba-235	134	6	on	on	ADP
faba-235	134	7	average	average	ADJ
faba-235	134	8	,	,	PUNCT
faba-235	134	9	compared	compare	VERB
faba-235	134	10	to	to	ADP
faba-235	134	11	the	the	DET
faba-235	134	12	period	period	NOUN
faba-235	134	13	2014	2014	NUM
faba-235	134	14	-	-	SYM
faba-235	134	15	2018	2018	NUM
faba-235	134	16	(	(	PUNCT
faba-235	134	17	8.66	8.66	NUM
faba-235	134	18	%	%	NOUN
faba-235	134	19	)	)	PUNCT
faba-235	134	20	,	,	PUNCT
faba-235	134	21	roa	roa	PROPN
faba-235	134	22	calculations	calculation	NOUN
faba-235	134	23	show	show	VERB
faba-235	134	24	a	a	DET
faba-235	134	25	slight	slight	ADJ
faba-235	134	26	decrease	decrease	NOUN
faba-235	134	27	in	in	ADP
faba-235	134	28	the	the	DET
faba-235	134	29	ratio	ratio	NOUN
faba-235	134	30	in	in	ADP
faba-235	134	31	the	the	DET
faba-235	134	32	second	second	ADJ
faba-235	134	33	period	period	NOUN
faba-235	134	34	to	to	ADP
faba-235	134	35	1.32	1.32	NUM
faba-235	134	36	%	%	NOUN
faba-235	134	37	on	on	ADP
faba-235	134	38	average	average	NOUN
faba-235	134	39	compared	compare	VERB
faba-235	134	40	to	to	ADP
faba-235	134	41	1.40	1.40	NUM
faba-235	134	42	%	%	NOUN
faba-235	134	43	in	in	ADP
faba-235	134	44	the	the	DET
faba-235	134	45	first	first	ADJ
faba-235	134	46	.	.	PUNCT
faba-235	135	1	like	like	INTJ
faba-235	135	2	roa	roa	PROPN
faba-235	135	3	,	,	PUNCT
faba-235	135	4	the	the	DET
faba-235	135	5	bank	bank	NOUN
faba-235	135	6	's	's	PART
faba-235	135	7	capital	capital	NOUN
faba-235	135	8	adequacy	adequacy	NOUN
faba-235	135	9	ratio	ratio	NOUN
faba-235	135	10	also	also	ADV
faba-235	135	11	saw	see	VERB
faba-235	135	12	a	a	DET
faba-235	135	13	slight	slight	ADJ
faba-235	135	14	decline	decline	NOUN
faba-235	135	15	in	in	ADP
faba-235	135	16	the	the	DET
faba-235	135	17	second	second	ADJ
faba-235	135	18	merger	merger	NOUN
faba-235	135	19	.	.	PUNCT
faba-235	136	1	this	this	DET
faba-235	136	2	decline	decline	NOUN
faba-235	136	3	was	be	AUX
faba-235	136	4	also	also	ADV
faba-235	136	5	influenced	influence	VERB
faba-235	136	6	by	by	ADP
faba-235	136	7	the	the	DET
faba-235	136	8	period	period	NOUN
faba-235	136	9	in	in	ADP
faba-235	136	10	which	which	PRON
faba-235	136	11	the	the	DET
faba-235	136	12	deal	deal	NOUN
faba-235	136	13	was	be	AUX
faba-235	136	14	implemented	implement	VERB
faba-235	136	15	-	-	PUNCT
faba-235	136	16	covid-19	covid-19	PROPN
faba-235	136	17	pandemic	pandemic	NOUN
faba-235	136	18	.	.	PUNCT
faba-235	137	1	in	in	ADP
faba-235	137	2	addition	addition	NOUN
faba-235	137	3	,	,	PUNCT
faba-235	137	4	the	the	DET
faba-235	137	5	two	two	NUM
faba-235	137	6	mergers	merger	NOUN
faba-235	137	7	implemented	implement	VERB
faba-235	137	8	with	with	ADP
faba-235	137	9	alfa	alfa	PROPN
faba-235	137	10	bank	bank	PROPN
faba-235	137	11	sofia	sofia	PROPN
faba-235	137	12	branch	branch	PROPN
faba-235	137	13	and	and	CCONJ
faba-235	137	14	subsequently	subsequently	ADV
faba-235	137	15	with	with	ADP
faba-235	137	16	bank	bank	PROPN
faba-235	137	17	piraeus	piraeus	PROPN
faba-235	137	18	bulgaria	bulgaria	PROPN
faba-235	137	19	ad	ad	NOUN
faba-235	137	20	were	be	AUX
faba-235	137	21	in	in	ADP
faba-235	137	22	a	a	DET
faba-235	137	23	short	short	ADJ
faba-235	137	24	period	period	NOUN
faba-235	137	25	of	of	ADP
faba-235	137	26	time	time	NOUN
faba-235	137	27	,	,	PUNCT
faba-235	137	28	which	which	PRON
faba-235	137	29	also	also	ADV
faba-235	137	30	had	have	VERB
faba-235	137	31	an	an	DET
faba-235	137	32	impact	impact	NOUN
faba-235	137	33	.	.	PUNCT
faba-235	138	1	despite	despite	SCONJ
faba-235	138	2	these	these	DET
faba-235	138	3	reported	report	VERB
faba-235	138	4	decreases	decrease	NOUN
faba-235	138	5	in	in	ADP
faba-235	138	6	performance	performance	NOUN
faba-235	138	7	in	in	ADP
faba-235	138	8	the	the	DET
faba-235	138	9	period	period	NOUN
faba-235	138	10	following	follow	VERB
faba-235	138	11	the	the	DET
faba-235	138	12	second	second	ADJ
faba-235	138	13	merger	merger	NOUN
faba-235	138	14	,	,	PUNCT
faba-235	138	15	“	"	PUNCT
faba-235	138	16	eurobank	eurobank	PROPN
faba-235	138	17	bulgaria	bulgaria	PROPN
faba-235	138	18	”	"	PUNCT
faba-235	138	19	ad	ad	NOUN
faba-235	138	20	is	be	AUX
faba-235	138	21	consolidating	consolidate	VERB
faba-235	138	22	its	its	PRON
faba-235	138	23	trend	trend	NOUN
faba-235	138	24	of	of	ADP
faba-235	138	25	improving	improve	VERB
faba-235	138	26	market	market	NOUN
faba-235	138	27	stability	stability	NOUN
faba-235	138	28	,	,	PUNCT
faba-235	138	29	expanding	expand	VERB
faba-235	138	30	its	its	PRON
faba-235	138	31	customer	customer	NOUN
faba-235	138	32	base	base	NOUN
faba-235	138	33	,	,	PUNCT
faba-235	138	34	and	and	CCONJ
faba-235	138	35	improving	improve	VERB
faba-235	138	36	its	its	PRON
faba-235	138	37	competitive	competitive	ADJ
faba-235	138	38	position	position	NOUN
faba-235	138	39	in	in	ADP
faba-235	138	40	the	the	DET
faba-235	138	41	bulgarian	bulgarian	ADJ
faba-235	138	42	banking	banking	NOUN
faba-235	138	43	market	market	NOUN
faba-235	138	44	.	.	PUNCT
faba-235	139	1	the	the	DET
faba-235	139	2	aggregated	aggregate	VERB
faba-235	139	3	data	datum	NOUN
faba-235	139	4	on	on	ADP
faba-235	139	5	the	the	DET
faba-235	139	6	calculated	calculate	VERB
faba-235	139	7	ratios	ratio	NOUN
faba-235	139	8	of	of	ADP
faba-235	139	9	the	the	DET
faba-235	139	10	monitored	monitor	VERB
faba-235	139	11	banks	bank	NOUN
faba-235	139	12	subject	subject	ADJ
faba-235	139	13	to	to	ADP
faba-235	139	14	the	the	DET
faba-235	139	15	study	study	NOUN
faba-235	139	16	are	be	AUX
faba-235	139	17	presented	present	VERB
faba-235	139	18	in	in	ADP
faba-235	139	19	the	the	DET
faba-235	139	20	following	follow	VERB
faba-235	139	21	graphs	graph	NOUN
faba-235	139	22	.	.	PUNCT
faba-235	140	1	daniel	daniel	PROPN
faba-235	140	2	dimitrov	dimitrov	PROPN
faba-235	140	3	/	/	SYM
faba-235	140	4	finance	finance	NOUN
faba-235	140	5	,	,	PUNCT
faba-235	140	6	accounting	accounting	NOUN
faba-235	140	7	and	and	CCONJ
faba-235	140	8	business	business	NOUN
faba-235	140	9	analysis	analysis	NOUN
faba-235	140	10	,	,	PUNCT
faba-235	140	11	volume	volume	NOUN
faba-235	140	12	6	6	NUM
faba-235	140	13	,	,	PUNCT
faba-235	140	14	issue	issue	NOUN
faba-235	140	15	2	2	NUM
faba-235	140	16	,	,	PUNCT
faba-235	140	17	2024	2024	NUM
faba-235	140	18	141	141	NUM
faba-235	140	19	source	source	NOUN
faba-235	140	20	:	:	PUNCT
faba-235	140	21	author	author	PROPN
faba-235	140	22	’s	’s	PART
faba-235	140	23	calculations	calculation	NOUN
faba-235	140	24	figure	figure	NOUN
faba-235	140	25	1	1	NUM
faba-235	140	26	.	.	PUNCT
faba-235	140	27	average	average	ADJ
faba-235	140	28	roa	roa	PROPN
faba-235	140	29	,	,	PUNCT
faba-235	140	30	roe	roe	NOUN
faba-235	140	31	,	,	PUNCT
faba-235	140	32	car	car	NOUN
faba-235	140	33	before	before	ADP
faba-235	140	34	m&a	m&a	PROPN
faba-235	140	35	transactions	transaction	NOUN
faba-235	140	36	.	.	PUNCT
faba-235	141	1	eurobank	eurobank	PROPN
faba-235	141	2	bulgaria	bulgaria	PROPN
faba-235	141	3	'	'	PUNCT
faba-235	141	4	reflects	reflect	VERB
faba-235	141	5	the	the	DET
faba-235	141	6	merger	merger	NOUN
faba-235	141	7	with	with	ADP
faba-235	141	8	piraeus	piraeus	NOUN
faba-235	141	9	in	in	ADP
faba-235	141	10	2019	2019	NUM
faba-235	141	11	.	.	PUNCT
faba-235	142	1	source	source	NOUN
faba-235	142	2	:	:	PUNCT
faba-235	142	3	author	author	PROPN
faba-235	142	4	’s	’s	PART
faba-235	142	5	calculations	calculation	NOUN
faba-235	142	6	figure	figure	NOUN
faba-235	142	7	2	2	NUM
faba-235	142	8	.	.	PUNCT
faba-235	142	9	average	average	ADJ
faba-235	142	10	roa	roa	PROPN
faba-235	142	11	,	,	PUNCT
faba-235	142	12	roe	roe	NOUN
faba-235	142	13	,	,	PUNCT
faba-235	142	14	car	car	NOUN
faba-235	142	15	after	after	ADP
faba-235	142	16	m&a	m&a	PROPN
faba-235	142	17	transactions	transaction	NOUN
faba-235	142	18	.	.	PUNCT
faba-235	143	1	eurobank	eurobank	PROPN
faba-235	143	2	bulgaria	bulgaria	PROPN
faba-235	143	3	'	'	PUNCT
faba-235	143	4	reflects	reflect	VERB
faba-235	143	5	the	the	DET
faba-235	143	6	merger	merger	NOUN
faba-235	143	7	with	with	ADP
faba-235	143	8	piraeus	piraeus	NOUN
faba-235	143	9	in	in	ADP
faba-235	143	10	2019	2019	NUM
faba-235	143	11	.	.	PUNCT
faba-235	144	1	2	2	NUM
faba-235	144	2	,	,	PUNCT
faba-235	144	3	5	5	NUM
faba-235	144	4	3	3	NUM
faba-235	144	5	%	%	NOUN
faba-235	144	6	1	1	NUM
faba-235	144	7	6	6	NUM
faba-235	144	8	,	,	PUNCT
faba-235	144	9	6	6	NUM
faba-235	144	10	6	6	NUM
faba-235	144	11	%	%	NOUN
faba-235	144	12	3	3	NUM
faba-235	144	13	,	,	PUNCT
faba-235	144	14	8	8	NUM
faba-235	144	15	7	7	NUM
faba-235	144	16	%	%	NOUN
faba-235	144	17	1	1	NUM
faba-235	144	18	0	0	NUM
faba-235	144	19	,	,	PUNCT
faba-235	144	20	7	7	NUM
faba-235	144	21	9	9	NUM
faba-235	144	22	%	%	NOUN
faba-235	144	23	-3	-3	PUNCT
faba-235	144	24	,	,	PUNCT
faba-235	144	25	3	3	NUM
faba-235	144	26	3	3	NUM
faba-235	144	27	%	%	NOUN
faba-235	144	28	8	8	NUM
faba-235	144	29	,	,	PUNCT
faba-235	144	30	6	6	NUM
faba-235	144	31	6	6	NUM
faba-235	144	32	%	%	NOUN
faba-235	144	33	0	0	NUM
faba-235	144	34	,	,	PUNCT
faba-235	144	35	3	3	NUM
faba-235	144	36	9	9	NUM
faba-235	144	37	%	%	NOUN
faba-235	144	38	2	2	NUM
faba-235	144	39	,	,	PUNCT
faba-235	144	40	3	3	NUM
faba-235	144	41	9	9	NUM
faba-235	144	42	%	%	NOUN
faba-235	144	43	0	0	NUM
faba-235	144	44	,	,	PUNCT
faba-235	144	45	6	6	NUM
faba-235	144	46	1	1	NUM
faba-235	144	47	%	%	NOUN
faba-235	144	48	0	0	NUM
faba-235	144	49	,	,	PUNCT
faba-235	144	50	8	8	NUM
faba-235	144	51	8	8	NUM
faba-235	144	52	%	%	NOUN
faba-235	144	53	-0	-0	PUNCT
faba-235	144	54	,	,	PUNCT
faba-235	144	55	2	2	NUM
faba-235	144	56	5	5	NUM
faba-235	144	57	%	%	NOUN
faba-235	144	58	1	1	NUM
faba-235	144	59	,	,	PUNCT
faba-235	144	60	4	4	NUM
faba-235	144	61	0	0	NUM
faba-235	144	62	%	%	NOUN
faba-235	144	63	1	1	NUM
faba-235	144	64	9	9	NUM
faba-235	144	65	,	,	PUNCT
faba-235	144	66	7	7	NUM
faba-235	144	67	7	7	NUM
faba-235	144	68	%	%	NOUN
faba-235	144	69	1	1	NUM
faba-235	144	70	7	7	NUM
faba-235	144	71	,	,	PUNCT
faba-235	144	72	2	2	NUM
faba-235	144	73	2	2	NUM
faba-235	144	74	%	%	NOUN
faba-235	144	75	2	2	NUM
faba-235	144	76	3	3	NUM
faba-235	144	77	,	,	PUNCT
faba-235	144	78	8	8	NUM
faba-235	144	79	0	0	NUM
faba-235	144	80	%	%	NOUN
faba-235	144	81	1	1	NUM
faba-235	144	82	3	3	NUM
faba-235	144	83	,	,	PUNCT
faba-235	144	84	4	4	NUM
faba-235	144	85	0	0	NUM
faba-235	144	86	%	%	NOUN
faba-235	144	87	1	1	NUM
faba-235	144	88	8	8	NUM
faba-235	144	89	,	,	PUNCT
faba-235	144	90	5	5	NUM
faba-235	144	91	1	1	NUM
faba-235	144	92	%	%	NOUN
faba-235	144	93	2	2	NUM
faba-235	144	94	2	2	NUM
faba-235	144	95	,	,	PUNCT
faba-235	144	96	9	9	NUM
faba-235	144	97	5	5	NUM
faba-235	144	98	%	%	NOUN
faba-235	144	99	e	e	NOUN
faba-235	144	100	u	u	NOUN
faba-235	144	101	r	r	NOUN
faba-235	144	102	o	o	X
faba-235	144	103	b	b	NOUN
faba-235	144	104	a	a	PRON
faba-235	144	105	n	n	NOUN
faba-235	144	106	k	k	PROPN
faba-235	144	107	b	b	PUNCT
faba-235	144	108	u	u	X
faba-235	144	109	l	l	NOUN
faba-235	144	110	g	g	NOUN
faba-235	144	111	a	a	DET
faba-235	144	112	r	r	NOUN
faba-235	144	113	i	i	PRON
faba-235	145	1	a	a	PRON
faba-235	145	2	d	d	X
faba-235	145	3	s	s	X
faba-235	145	4	k	k	PROPN
faba-235	145	5	u	u	PROPN
faba-235	145	6	b	b	PROPN
faba-235	145	7	b	b	PROPN
faba-235	145	8	f	f	X
faba-235	146	1	i	i	PRON
faba-235	146	2	b	b	VERB
faba-235	147	1	i	i	PRON
faba-235	147	2	n	n	VERB
faba-235	147	3	v	v	NUM
faba-235	147	4	e	e	PROPN
faba-235	147	5	s	s	PROPN
faba-235	147	6	t	t	PROPN
faba-235	147	7	b	b	PROPN
faba-235	147	8	a	a	DET
faba-235	147	9	n	n	NOUN
faba-235	147	10	k	k	NOUN
faba-235	147	11	e	e	NOUN
faba-235	147	12	u	u	NOUN
faba-235	147	13	r	r	NOUN
faba-235	147	14	o	o	NOUN
faba-235	147	15	b	b	NOUN
faba-235	147	16	a	a	PRON
faba-235	147	17	n	n	NOUN
faba-235	147	18	k	k	PROPN
faba-235	147	19	b	b	PUNCT
faba-235	147	20	u	u	X
faba-235	147	21	l	l	NOUN
faba-235	147	22	g	g	NOUN
faba-235	147	23	a	a	DET
faba-235	147	24	r	r	NOUN
faba-235	147	25	i	i	PRON
faba-235	147	26	a	a	DET
faba-235	147	27	'	'	PUNCT
faba-235	147	28	roe	roe	NOUN
faba-235	147	29	roa	roa	PROPN
faba-235	147	30	car	car	NOUN
faba-235	147	31	1	1	NUM
faba-235	147	32	1	1	NUM
faba-235	147	33	,	,	PUNCT
faba-235	147	34	4	4	NUM
faba-235	147	35	0	0	NUM
faba-235	147	36	%	%	NOUN
faba-235	147	37	1	1	NUM
faba-235	147	38	3	3	NUM
faba-235	147	39	,	,	PUNCT
faba-235	147	40	5	5	NUM
faba-235	147	41	0	0	NUM
faba-235	147	42	%	%	NOUN
faba-235	147	43	1	1	NUM
faba-235	147	44	0	0	NUM
faba-235	147	45	,	,	PUNCT
faba-235	147	46	1	1	NUM
faba-235	147	47	8	8	NUM
faba-235	147	48	%	%	NOUN
faba-235	147	49	1	1	NUM
faba-235	147	50	1	1	NUM
faba-235	147	51	,	,	PUNCT
faba-235	147	52	6	6	NUM
faba-235	147	53	4	4	NUM
faba-235	147	54	%	%	NOUN
faba-235	147	55	7	7	NUM
faba-235	147	56	,	,	PUNCT
faba-235	147	57	9	9	NUM
faba-235	147	58	8	8	NUM
faba-235	147	59	%	%	NOUN
faba-235	147	60	1	1	NUM
faba-235	147	61	0	0	NUM
faba-235	147	62	,	,	PUNCT
faba-235	147	63	7	7	NUM
faba-235	147	64	7	7	NUM
faba-235	147	65	%	%	NOUN
faba-235	147	66	1	1	NUM
faba-235	147	67	,	,	PUNCT
faba-235	147	68	6	6	NUM
faba-235	147	69	2	2	NUM
faba-235	147	70	%	%	NOUN
faba-235	147	71	1	1	NUM
faba-235	147	72	,	,	PUNCT
faba-235	147	73	8	8	NUM
faba-235	147	74	8	8	NUM
faba-235	147	75	%	%	NOUN
faba-235	147	76	1	1	NUM
faba-235	147	77	,	,	PUNCT
faba-235	147	78	0	0	NUM
faba-235	147	79	6	6	NUM
faba-235	147	80	%	%	NOUN
faba-235	147	81	1	1	NUM
faba-235	147	82	,	,	PUNCT
faba-235	147	83	0	0	NUM
faba-235	147	84	8	8	NUM
faba-235	147	85	%	%	NOUN
faba-235	147	86	0	0	NUM
faba-235	147	87	,	,	PUNCT
faba-235	147	88	8	8	NUM
faba-235	147	89	8	8	NUM
faba-235	147	90	%	%	NOUN
faba-235	147	91	1	1	NUM
faba-235	147	92	,	,	PUNCT
faba-235	147	93	3	3	NUM
faba-235	147	94	2	2	NUM
faba-235	147	95	%	%	NOUN
faba-235	147	96	2	2	NUM
faba-235	147	97	0	0	NUM
faba-235	147	98	,	,	PUNCT
faba-235	147	99	0	0	NUM
faba-235	147	100	3	3	NUM
faba-235	147	101	%	%	NOUN
faba-235	147	102	2	2	NUM
faba-235	147	103	2	2	NUM
faba-235	147	104	,	,	PUNCT
faba-235	147	105	5	5	NUM
faba-235	147	106	0	0	NUM
faba-235	147	107	%	%	NOUN
faba-235	147	108	1	1	NUM
faba-235	147	109	6	6	NUM
faba-235	147	110	,	,	PUNCT
faba-235	147	111	7	7	NUM
faba-235	147	112	6	6	NUM
faba-235	147	113	%	%	NOUN
faba-235	147	114	1	1	NUM
faba-235	147	115	6	6	NUM
faba-235	147	116	,	,	PUNCT
faba-235	147	117	0	0	NUM
faba-235	147	118	5	5	NUM
faba-235	147	119	%	%	NOUN
faba-235	147	120	1	1	NUM
faba-235	147	121	9	9	NUM
faba-235	147	122	,	,	PUNCT
faba-235	147	123	9	9	NUM
faba-235	147	124	1	1	NUM
faba-235	147	125	%	%	NOUN
faba-235	147	126	2	2	NUM
faba-235	147	127	0	0	NUM
faba-235	147	128	,	,	PUNCT
faba-235	147	129	7	7	NUM
faba-235	147	130	7	7	NUM
faba-235	147	131	%	%	NOUN
faba-235	147	132	e	e	NOUN
faba-235	147	133	u	u	NOUN
faba-235	147	134	r	r	NOUN
faba-235	147	135	o	o	X
faba-235	147	136	b	b	NOUN
faba-235	147	137	a	a	PRON
faba-235	147	138	n	n	NOUN
faba-235	147	139	k	k	PROPN
faba-235	147	140	b	b	PUNCT
faba-235	147	141	u	u	X
faba-235	147	142	l	l	NOUN
faba-235	147	143	g	g	NOUN
faba-235	147	144	a	a	DET
faba-235	147	145	r	r	NOUN
faba-235	147	146	i	i	PRON
faba-235	147	147	a	a	PRON
faba-235	147	148	d	d	X
faba-235	147	149	s	s	X
faba-235	147	150	k	k	PROPN
faba-235	147	151	u	u	PROPN
faba-235	147	152	b	b	PROPN
faba-235	147	153	b	b	PROPN
faba-235	148	1	f	f	X
faba-235	149	1	i	i	PRON
faba-235	150	1	b	b	VERB
faba-235	151	1	i	i	PRON
faba-235	151	2	n	n	VERB
faba-235	151	3	v	v	NUM
faba-235	151	4	e	e	PROPN
faba-235	151	5	s	s	PROPN
faba-235	151	6	t	t	PROPN
faba-235	151	7	b	b	PROPN
faba-235	151	8	a	a	DET
faba-235	151	9	n	n	NOUN
faba-235	151	10	k	k	NOUN
faba-235	151	11	e	e	NOUN
faba-235	151	12	u	u	NOUN
faba-235	151	13	r	r	NOUN
faba-235	151	14	o	o	NOUN
faba-235	151	15	b	b	NOUN
faba-235	151	16	a	a	PRON
faba-235	151	17	n	n	NOUN
faba-235	151	18	k	k	PROPN
faba-235	151	19	b	b	PUNCT
faba-235	151	20	u	u	X
faba-235	151	21	l	l	NOUN
faba-235	151	22	g	g	NOUN
faba-235	151	23	a	a	DET
faba-235	151	24	r	r	NOUN
faba-235	151	25	i	i	PRON
faba-235	151	26	a	a	DET
faba-235	151	27	'	'	PUNCT
faba-235	151	28	roe	roe	PROPN
faba-235	151	29	roa	roa	PROPN
faba-235	151	30	car	car	PROPN
faba-235	151	31	daniel	daniel	PROPN
faba-235	151	32	dimitrov	dimitrov	PROPN
faba-235	151	33	/	/	SYM
faba-235	151	34	finance	finance	NOUN
faba-235	151	35	,	,	PUNCT
faba-235	151	36	accounting	accounting	NOUN
faba-235	151	37	and	and	CCONJ
faba-235	151	38	business	business	NOUN
faba-235	151	39	analysis	analysis	NOUN
faba-235	151	40	,	,	PUNCT
faba-235	151	41	volume	volume	NOUN
faba-235	151	42	6	6	NUM
faba-235	151	43	,	,	PUNCT
faba-235	151	44	issue	issue	NOUN
faba-235	151	45	2	2	NUM
faba-235	151	46	,	,	PUNCT
faba-235	151	47	2024	2024	NUM
faba-235	151	48	142	142	NUM
faba-235	151	49	hypothesis	hypothesis	NOUN
faba-235	151	50	testing	testing	NOUN
faba-235	151	51	in	in	ADP
faba-235	151	52	this	this	DET
faba-235	151	53	part	part	NOUN
faba-235	151	54	of	of	ADP
faba-235	151	55	the	the	DET
faba-235	151	56	study	study	NOUN
faba-235	152	1	,	,	PUNCT
faba-235	152	2	the	the	DET
faba-235	152	3	hypothesis	hypothesis	NOUN
faba-235	152	4	testing	testing	NOUN
faba-235	152	5	method	method	NOUN
faba-235	152	6	will	will	AUX
faba-235	152	7	be	be	AUX
faba-235	152	8	applied	apply	VERB
faba-235	152	9	.	.	PUNCT
faba-235	153	1	the	the	DET
faba-235	153	2	method	method	NOUN
faba-235	153	3	aims	aim	VERB
faba-235	153	4	to	to	PART
faba-235	153	5	test	test	VERB
faba-235	153	6	whether	whether	SCONJ
faba-235	153	7	m&a	m&a	PROPN
faba-235	153	8	transactions	transaction	NOUN
faba-235	153	9	affect	affect	VERB
faba-235	153	10	the	the	DET
faba-235	153	11	magnitude	magnitude	NOUN
faba-235	153	12	of	of	ADP
faba-235	153	13	the	the	DET
faba-235	153	14	coefficients	coefficient	NOUN
faba-235	153	15	by	by	ADP
faba-235	153	16	confirming	confirm	VERB
faba-235	153	17	or	or	CCONJ
faba-235	153	18	rejecting	reject	VERB
faba-235	153	19	the	the	DET
faba-235	153	20	null	null	ADJ
faba-235	153	21	hypothesis	hypothesis	NOUN
faba-235	153	22	.	.	PUNCT
faba-235	154	1	for	for	ADP
faba-235	154	2	the	the	DET
faba-235	154	3	purpose	purpose	NOUN
faba-235	154	4	of	of	ADP
faba-235	154	5	the	the	DET
faba-235	154	6	study	study	NOUN
faba-235	154	7	,	,	PUNCT
faba-235	154	8	the	the	DET
faba-235	154	9	following	follow	VERB
faba-235	154	10	hypotheses	hypothesis	NOUN
faba-235	154	11	are	be	AUX
faba-235	154	12	defined	define	VERB
faba-235	154	13	for	for	ADP
faba-235	154	14	each	each	PRON
faba-235	154	15	of	of	ADP
faba-235	154	16	the	the	DET
faba-235	154	17	banks	bank	NOUN
faba-235	154	18	and	and	CCONJ
faba-235	154	19	each	each	PRON
faba-235	154	20	of	of	ADP
faba-235	154	21	the	the	DET
faba-235	154	22	ratios	ratio	NOUN
faba-235	154	23	under	under	ADP
faba-235	154	24	study	study	NOUN
faba-235	154	25	:	:	PUNCT
faba-235	154	26	hypotheses	hypothesis	NOUN
faba-235	154	27	related	relate	VERB
faba-235	154	28	to	to	PART
faba-235	154	29	return	return	VERB
faba-235	154	30	on	on	ADP
faba-235	154	31	equity	equity	NOUN
faba-235	154	32	(	(	PUNCT
faba-235	154	33	roe	roe	PROPN
faba-235	154	34	)	)	PUNCT
faba-235	154	35	ratio	ratio	NOUN
faba-235	154	36	:	:	PUNCT
faba-235	154	37	h₀	h₀	NOUN
faba-235	154	38	:	:	PUNCT
faba-235	154	39	there	there	PRON
faba-235	154	40	is	be	VERB
faba-235	154	41	no	no	DET
faba-235	154	42	significant	significant	ADJ
faba-235	154	43	difference	difference	NOUN
faba-235	154	44	in	in	ADP
faba-235	154	45	roe	roe	NOUN
faba-235	154	46	before	before	ADP
faba-235	154	47	and	and	CCONJ
faba-235	154	48	after	after	ADP
faba-235	154	49	the	the	DET
faba-235	154	50	merger	merger	NOUN
faba-235	154	51	.	.	PUNCT
faba-235	155	1	h₁	h₁	NOUN
faba-235	155	2	:	:	PUNCT
faba-235	155	3	there	there	PRON
faba-235	155	4	is	be	VERB
faba-235	155	5	a	a	DET
faba-235	155	6	significant	significant	ADJ
faba-235	155	7	difference	difference	NOUN
faba-235	155	8	in	in	ADP
faba-235	155	9	roe	roe	NOUN
faba-235	155	10	before	before	ADP
faba-235	155	11	and	and	CCONJ
faba-235	155	12	after	after	ADP
faba-235	155	13	the	the	DET
faba-235	155	14	merger	merger	NOUN
faba-235	155	15	.	.	PUNCT
faba-235	156	1	hypotheses	hypothesis	NOUN
faba-235	156	2	related	relate	VERB
faba-235	156	3	to	to	ADP
faba-235	156	4	roa	roa	NOUN
faba-235	156	5	:	:	PUNCT
faba-235	156	6	h₀	h₀	NOUN
faba-235	156	7	:	:	PUNCT
faba-235	156	8	there	there	PRON
faba-235	156	9	is	be	VERB
faba-235	156	10	no	no	DET
faba-235	156	11	significant	significant	ADJ
faba-235	156	12	difference	difference	NOUN
faba-235	156	13	in	in	ADP
faba-235	156	14	roa	roa	NOUN
faba-235	156	15	before	before	ADV
faba-235	156	16	and	and	CCONJ
faba-235	156	17	after	after	ADP
faba-235	156	18	the	the	DET
faba-235	156	19	merger	merger	NOUN
faba-235	156	20	.	.	PUNCT
faba-235	157	1	h₁	h₁	NOUN
faba-235	157	2	:	:	PUNCT
faba-235	157	3	there	there	PRON
faba-235	157	4	is	be	VERB
faba-235	157	5	a	a	DET
faba-235	157	6	significant	significant	ADJ
faba-235	157	7	difference	difference	NOUN
faba-235	157	8	in	in	ADP
faba-235	157	9	roa	roa	NOUN
faba-235	157	10	before	before	ADV
faba-235	157	11	and	and	CCONJ
faba-235	157	12	after	after	ADP
faba-235	157	13	the	the	DET
faba-235	157	14	merger	merger	NOUN
faba-235	157	15	.	.	PUNCT
faba-235	158	1	hypotheses	hypothesis	NOUN
faba-235	158	2	related	relate	VERB
faba-235	158	3	to	to	ADP
faba-235	158	4	capital	capital	NOUN
faba-235	158	5	adequacy	adequacy	NOUN
faba-235	158	6	ratio	ratio	NOUN
faba-235	158	7	(	(	PUNCT
faba-235	158	8	car	car	NOUN
faba-235	158	9	):	):	PUNCT
faba-235	158	10	h₀	h₀	NOUN
faba-235	158	11	:	:	PUNCT
faba-235	158	12	there	there	PRON
faba-235	158	13	is	be	VERB
faba-235	158	14	no	no	DET
faba-235	158	15	significant	significant	ADJ
faba-235	158	16	difference	difference	NOUN
faba-235	158	17	in	in	ADP
faba-235	158	18	car	car	NOUN
faba-235	158	19	before	before	ADV
faba-235	158	20	and	and	CCONJ
faba-235	158	21	after	after	ADP
faba-235	158	22	the	the	DET
faba-235	158	23	merger	merger	NOUN
faba-235	158	24	.	.	PUNCT
faba-235	159	1	h₁	h₁	NOUN
faba-235	159	2	:	:	PUNCT
faba-235	159	3	there	there	PRON
faba-235	159	4	is	be	VERB
faba-235	159	5	a	a	DET
faba-235	159	6	significant	significant	ADJ
faba-235	159	7	difference	difference	NOUN
faba-235	159	8	in	in	ADP
faba-235	159	9	car	car	NOUN
faba-235	159	10	before	before	ADV
faba-235	159	11	and	and	CCONJ
faba-235	159	12	after	after	ADP
faba-235	159	13	the	the	DET
faba-235	159	14	merger	merger	NOUN
faba-235	159	15	.	.	PUNCT
faba-235	160	1	two	two	NUM
faba-235	160	2	tests	test	NOUN
faba-235	160	3	,	,	PUNCT
faba-235	160	4	wilcoxon	wilcoxon	PROPN
faba-235	160	5	's	's	PART
faba-235	160	6	criterion	criterion	NOUN
faba-235	160	7	and	and	CCONJ
faba-235	160	8	paired	pair	VERB
faba-235	160	9	t	t	PROPN
faba-235	160	10	-	-	PUNCT
faba-235	160	11	test	test	NOUN
faba-235	160	12	,	,	PUNCT
faba-235	160	13	were	be	AUX
faba-235	160	14	used	use	VERB
faba-235	160	15	to	to	PART
faba-235	160	16	perform	perform	VERB
faba-235	160	17	hypothesis	hypothesis	NOUN
faba-235	160	18	confirmation	confirmation	NOUN
faba-235	160	19	.	.	PUNCT
faba-235	161	1	the	the	DET
faba-235	161	2	choice	choice	NOUN
faba-235	161	3	of	of	ADP
faba-235	161	4	which	which	DET
faba-235	161	5	test	test	NOUN
faba-235	161	6	will	will	AUX
faba-235	161	7	be	be	AUX
faba-235	161	8	applied	apply	VERB
faba-235	161	9	is	be	AUX
faba-235	161	10	based	base	VERB
faba-235	161	11	on	on	ADP
faba-235	161	12	the	the	DET
faba-235	161	13	distribution	distribution	NOUN
faba-235	161	14	of	of	ADP
faba-235	161	15	the	the	DET
faba-235	161	16	data	datum	NOUN
faba-235	161	17	for	for	ADP
faba-235	161	18	which	which	PRON
faba-235	161	19	the	the	DET
faba-235	161	20	shapiro	shapiro	PROPN
faba-235	161	21	-	-	PUNCT
faba-235	161	22	wilk	wilk	NOUN
faba-235	161	23	test	test	NOUN
faba-235	161	24	was	be	AUX
faba-235	161	25	applied	apply	VERB
faba-235	161	26	.	.	PUNCT
faba-235	162	1	when	when	SCONJ
faba-235	162	2	it	it	PRON
faba-235	162	3	is	be	AUX
faba-235	162	4	applied	apply	VERB
faba-235	162	5	,	,	PUNCT
faba-235	162	6	it	it	PRON
faba-235	162	7	is	be	AUX
faba-235	162	8	found	find	VERB
faba-235	162	9	that	that	SCONJ
faba-235	162	10	the	the	DET
faba-235	162	11	following	follow	VERB
faba-235	162	12	banks	bank	NOUN
faba-235	162	13	have	have	VERB
faba-235	162	14	data	datum	NOUN
faba-235	162	15	distributions	distribution	NOUN
faba-235	162	16	consistent	consistent	ADJ
faba-235	162	17	with	with	ADP
faba-235	162	18	the	the	DET
faba-235	162	19	application	application	NOUN
faba-235	162	20	of	of	ADP
faba-235	162	21	the	the	DET
faba-235	162	22	paired	pair	VERB
faba-235	162	23	t	t	NOUN
faba-235	162	24	-	-	PUNCT
faba-235	162	25	test	test	NOUN
faba-235	162	26	first	first	ADJ
faba-235	162	27	investment	investment	NOUN
faba-235	162	28	bank	bank	NOUN
faba-235	162	29	ad	ad	NOUN
faba-235	162	30	,	,	PUNCT
faba-235	162	31	united	united	PROPN
faba-235	162	32	bulgarian	bulgarian	PROPN
faba-235	162	33	bank	bank	PROPN
faba-235	162	34	ad	ad	NOUN
faba-235	162	35	,	,	PUNCT
faba-235	162	36	dsk	dsk	PROPN
faba-235	162	37	bank	bank	PROPN
faba-235	162	38	ead	ead	PROPN
faba-235	162	39	,	,	PUNCT
faba-235	162	40	and	and	CCONJ
faba-235	162	41	investbank	investbank	ADJ
faba-235	162	42	ad	ad	NOUN
faba-235	162	43	,	,	PUNCT
faba-235	162	44	as	as	ADV
faba-235	162	45	well	well	ADV
faba-235	162	46	as	as	ADP
faba-235	162	47	the	the	DET
faba-235	162	48	merger	merger	NOUN
faba-235	162	49	of	of	ADP
faba-235	162	50	eurobank	eurobank	PROPN
faba-235	162	51	bulgaria	bulgaria	PROPN
faba-235	162	52	ad	ad	NOUN
faba-235	162	53	with	with	ADP
faba-235	162	54	piraeus	piraeus	PROPN
faba-235	162	55	bank	bank	PROPN
faba-235	162	56	bulgaria	bulgaria	PROPN
faba-235	162	57	ad	ad	NOUN
faba-235	162	58	in	in	ADP
faba-235	162	59	2019	2019	NUM
faba-235	162	60	.	.	PUNCT
faba-235	163	1	the	the	DET
faba-235	163	2	wilcoxon	wilcoxon	ADJ
faba-235	163	3	criterion	criterion	NOUN
faba-235	163	4	was	be	AUX
faba-235	163	5	applied	apply	VERB
faba-235	163	6	to	to	ADP
faba-235	163	7	the	the	DET
faba-235	163	8	merger	merger	NOUN
faba-235	163	9	of	of	ADP
faba-235	163	10	eurobank	eurobank	PROPN
faba-235	163	11	bulgaria	bulgaria	PROPN
faba-235	163	12	ad	ad	NOUN
faba-235	163	13	with	with	ADP
faba-235	163	14	alfa	alfa	PROPN
faba-235	163	15	bank	bank	PROPN
faba-235	163	16	sofia	sofia	PROPN
faba-235	163	17	branch	branch	PROPN
faba-235	163	18	in	in	ADP
faba-235	163	19	2016	2016	NUM
faba-235	163	20	.	.	PUNCT
faba-235	164	1	in	in	ADP
faba-235	164	2	most	most	ADJ
faba-235	164	3	of	of	ADP
faba-235	164	4	the	the	DET
faba-235	164	5	results	result	NOUN
faba-235	164	6	obtained	obtain	VERB
faba-235	164	7	,	,	PUNCT
faba-235	164	8	the	the	DET
faba-235	164	9	null	null	ADJ
faba-235	164	10	hypothesis	hypothesis	NOUN
faba-235	164	11	is	be	AUX
faba-235	164	12	confirmed	confirm	VERB
faba-235	164	13	,	,	PUNCT
faba-235	164	14	and	and	CCONJ
faba-235	164	15	the	the	DET
faba-235	164	16	alternative	alternative	ADJ
faba-235	164	17	hypothesis	hypothesis	NOUN
faba-235	164	18	is	be	AUX
faba-235	164	19	rejected	reject	VERB
faba-235	164	20	.	.	PUNCT
faba-235	165	1	in	in	ADP
faba-235	165	2	the	the	DET
faba-235	165	3	case	case	NOUN
faba-235	165	4	of	of	ADP
faba-235	165	5	first	first	ADJ
faba-235	165	6	investment	investment	NOUN
faba-235	165	7	bank	bank	NOUN
faba-235	165	8	ad	ad	NOUN
faba-235	165	9	,	,	PUNCT
faba-235	165	10	the	the	DET
faba-235	165	11	null	null	ADJ
faba-235	165	12	hypothesis	hypothesis	NOUN
faba-235	165	13	for	for	ADP
faba-235	165	14	roe	roe	PROPN
faba-235	165	15	and	and	CCONJ
faba-235	165	16	roa	roa	PROPN
faba-235	165	17	is	be	AUX
faba-235	165	18	confirmed	confirm	VERB
faba-235	165	19	with	with	ADP
faba-235	165	20	p	p	NOUN
faba-235	165	21	-	-	PUNCT
faba-235	165	22	values	value	NOUN
faba-235	165	23	of	of	ADP
faba-235	165	24	0.861	0.861	NUM
faba-235	165	25	and	and	CCONJ
faba-235	165	26	0.628	0.628	NUM
faba-235	165	27	,	,	PUNCT
faba-235	165	28	indicating	indicate	VERB
faba-235	165	29	no	no	DET
faba-235	165	30	significant	significant	ADJ
faba-235	165	31	difference	difference	NOUN
faba-235	165	32	in	in	ADP
faba-235	165	33	the	the	DET
faba-235	165	34	coefficients	coefficient	NOUN
faba-235	165	35	before	before	ADV
faba-235	165	36	and	and	CCONJ
faba-235	165	37	after	after	ADP
faba-235	165	38	the	the	DET
faba-235	165	39	merger	merger	NOUN
faba-235	165	40	,	,	PUNCT
faba-235	165	41	thus	thus	ADV
faba-235	165	42	exceeding	exceed	VERB
faba-235	165	43	the	the	DET
faba-235	165	44	significance	significance	NOUN
faba-235	165	45	level	level	NOUN
faba-235	165	46	of	of	ADP
faba-235	165	47	0.05	0.05	NUM
faba-235	165	48	.	.	PUNCT
faba-235	166	1	for	for	ADP
faba-235	166	2	the	the	DET
faba-235	166	3	capital	capital	NOUN
faba-235	166	4	adequacy	adequacy	NOUN
faba-235	166	5	,	,	PUNCT
faba-235	166	6	the	the	DET
faba-235	166	7	null	null	ADJ
faba-235	166	8	hypothesis	hypothesis	NOUN
faba-235	166	9	is	be	AUX
faba-235	166	10	rejected	reject	VERB
faba-235	166	11	,	,	PUNCT
faba-235	166	12	and	and	CCONJ
faba-235	166	13	the	the	DET
faba-235	166	14	alternative	alternative	ADJ
faba-235	166	15	hypothesis	hypothesis	NOUN
faba-235	166	16	is	be	AUX
faba-235	166	17	confirmed	confirm	VERB
faba-235	166	18	,	,	PUNCT
faba-235	166	19	i.e.	i.e.	X
faba-235	166	20	,	,	PUNCT
faba-235	166	21	after	after	ADP
faba-235	166	22	the	the	DET
faba-235	166	23	merger	merger	NOUN
faba-235	166	24	,	,	PUNCT
faba-235	166	25	there	there	PRON
faba-235	166	26	is	be	VERB
faba-235	166	27	a	a	DET
faba-235	166	28	significant	significant	ADJ
faba-235	166	29	difference	difference	NOUN
faba-235	166	30	in	in	ADP
faba-235	166	31	the	the	DET
faba-235	166	32	capital	capital	NOUN
faba-235	166	33	adequacy	adequacy	NOUN
faba-235	166	34	ratio	ratio	NOUN
faba-235	166	35	with	with	ADP
faba-235	166	36	a	a	DET
faba-235	166	37	p	p	NOUN
faba-235	166	38	-	-	PUNCT
faba-235	166	39	value	value	NOUN
faba-235	166	40	of	of	ADP
faba-235	166	41	0.009	0.009	NUM
faba-235	166	42	.	.	PUNCT
faba-235	167	1	in	in	ADP
faba-235	167	2	the	the	DET
faba-235	167	3	case	case	NOUN
faba-235	167	4	of	of	ADP
faba-235	167	5	united	united	PROPN
faba-235	167	6	bulgarian	bulgarian	PROPN
faba-235	167	7	bank	bank	PROPN
faba-235	167	8	ad	ad	NOUN
faba-235	167	9	,	,	PUNCT
faba-235	167	10	for	for	ADP
faba-235	167	11	the	the	DET
faba-235	167	12	five	five	NUM
faba-235	167	13	-	-	PUNCT
faba-235	167	14	year	year	NOUN
faba-235	167	15	period	period	NOUN
faba-235	167	16	studied	study	VERB
faba-235	167	17	,	,	PUNCT
faba-235	167	18	no	no	DET
faba-235	167	19	significant	significant	ADJ
faba-235	167	20	change	change	NOUN
faba-235	167	21	was	be	AUX
faba-235	167	22	observed	observe	VERB
faba-235	167	23	in	in	ADP
faba-235	167	24	all	all	DET
faba-235	167	25	three	three	NUM
faba-235	167	26	indicators	indicator	NOUN
faba-235	167	27	after	after	ADP
faba-235	167	28	the	the	DET
faba-235	167	29	acquisition	acquisition	NOUN
faba-235	167	30	of	of	ADP
faba-235	167	31	cibank	cibank	PROPN
faba-235	167	32	ead	ead	PROPN
faba-235	167	33	.	.	PUNCT
faba-235	168	1	similar	similar	ADJ
faba-235	168	2	results	result	NOUN
faba-235	168	3	are	be	AUX
faba-235	168	4	observed	observe	VERB
faba-235	168	5	when	when	SCONJ
faba-235	168	6	testing	test	VERB
faba-235	168	7	the	the	DET
faba-235	168	8	defined	define	VERB
faba-235	168	9	hypotheses	hypothesis	NOUN
faba-235	168	10	for	for	ADP
faba-235	168	11	investbank	investbank	ADJ
faba-235	168	12	ad	ad	NOUN
faba-235	168	13	the	the	DET
faba-235	168	14	null	null	ADJ
faba-235	168	15	hypothesis	hypothesis	NOUN
faba-235	168	16	is	be	AUX
faba-235	168	17	confirmed	confirm	VERB
faba-235	168	18	for	for	ADP
faba-235	168	19	all	all	DET
faba-235	168	20	three	three	NUM
faba-235	168	21	coefficients	coefficient	NOUN
faba-235	168	22	.	.	PUNCT
faba-235	169	1	the	the	DET
faba-235	169	2	merger	merger	NOUN
faba-235	169	3	of	of	ADP
faba-235	169	4	societe	societe	ADJ
faba-235	169	5	generale	generale	PROPN
faba-235	169	6	expressbank	expressbank	NOUN
faba-235	169	7	ad	ad	NOUN
faba-235	169	8	into	into	ADP
faba-235	169	9	dsk	dsk	PROPN
faba-235	169	10	bank	bank	PROPN
faba-235	169	11	ead	ead	PROPN
faba-235	169	12	,	,	PUNCT
faba-235	169	13	according	accord	VERB
faba-235	169	14	to	to	ADP
faba-235	169	15	the	the	DET
faba-235	169	16	method	method	NOUN
faba-235	169	17	used	use	VERB
faba-235	169	18	,	,	PUNCT
faba-235	169	19	has	have	AUX
faba-235	169	20	changed	change	VERB
faba-235	169	21	only	only	ADV
faba-235	169	22	the	the	DET
faba-235	169	23	capital	capital	NOUN
faba-235	169	24	adequacy	adequacy	NOUN
faba-235	169	25	of	of	ADP
faba-235	169	26	the	the	DET
faba-235	169	27	bank	bank	NOUN
faba-235	169	28	(	(	PUNCT
faba-235	169	29	p	p	NOUN
faba-235	169	30	-	-	PUNCT
faba-235	169	31	value	value	NOUN
faba-235	169	32	=	=	NOUN
faba-235	169	33	0.010	0.010	NUM
faba-235	169	34	)	)	PUNCT
faba-235	169	35	.	.	PUNCT
faba-235	170	1	for	for	ADP
faba-235	170	2	the	the	DET
faba-235	170	3	other	other	ADJ
faba-235	170	4	ratios	ratio	NOUN
faba-235	170	5	,	,	PUNCT
faba-235	170	6	the	the	DET
faba-235	170	7	post	post	ADJ
faba-235	170	8	-	-	ADJ
faba-235	170	9	merger	merger	ADJ
faba-235	170	10	levels	level	NOUN
faba-235	170	11	are	be	AUX
faba-235	170	12	maintained	maintain	VERB
faba-235	170	13	,	,	PUNCT
faba-235	170	14	and	and	CCONJ
faba-235	170	15	the	the	DET
faba-235	170	16	null	null	ADJ
faba-235	170	17	hypothesis	hypothesis	NOUN
faba-235	170	18	is	be	AUX
faba-235	170	19	confirmed	confirm	VERB
faba-235	170	20	.	.	PUNCT
faba-235	171	1	the	the	DET
faba-235	171	2	study	study	NOUN
faba-235	171	3	of	of	ADP
faba-235	171	4	eurobank	eurobank	PROPN
faba-235	171	5	bulgaria	bulgaria	PROPN
faba-235	171	6	ad	ad	NOUN
faba-235	171	7	in	in	ADP
faba-235	171	8	its	its	PRON
faba-235	171	9	two	two	NUM
faba-235	171	10	acquisitions	acquisition	NOUN
faba-235	171	11	shows	show	VERB
faba-235	171	12	that	that	SCONJ
faba-235	171	13	in	in	ADP
faba-235	171	14	the	the	DET
faba-235	171	15	first	first	ADJ
faba-235	171	16	one	one	NUM
faba-235	171	17	,	,	PUNCT
faba-235	171	18	implemented	implement	VERB
faba-235	171	19	in	in	ADP
faba-235	171	20	2016	2016	NUM
faba-235	171	21	,	,	PUNCT
faba-235	171	22	no	no	DET
faba-235	171	23	significant	significant	ADJ
faba-235	171	24	changes	change	NOUN
faba-235	171	25	in	in	ADP
faba-235	171	26	the	the	DET
faba-235	171	27	ratios	ratio	NOUN
faba-235	171	28	are	be	AUX
faba-235	171	29	observed	observe	VERB
faba-235	171	30	,	,	PUNCT
faba-235	171	31	and	and	CCONJ
faba-235	171	32	the	the	DET
faba-235	171	33	null	null	ADJ
faba-235	171	34	hypothesis	hypothesis	NOUN
faba-235	171	35	is	be	AUX
faba-235	171	36	confirmed	confirm	VERB
faba-235	171	37	.	.	PUNCT
faba-235	172	1	for	for	ADP
faba-235	172	2	the	the	DET
faba-235	172	3	merger	merger	NOUN
faba-235	172	4	in	in	ADP
faba-235	172	5	2019	2019	NUM
faba-235	172	6	with	with	ADP
faba-235	172	7	bank	bank	NOUN
faba-235	172	8	piraeus	piraeus	PROPN
faba-235	172	9	bulgaria	bulgaria	PROPN
faba-235	172	10	ad	ad	NOUN
faba-235	172	11	,	,	PUNCT
faba-235	172	12	the	the	DET
faba-235	172	13	applied	apply	VERB
faba-235	172	14	test	test	NOUN
faba-235	172	15	showed	show	VERB
faba-235	172	16	that	that	SCONJ
faba-235	172	17	there	there	PRON
faba-235	172	18	was	be	VERB
faba-235	172	19	a	a	DET
faba-235	172	20	significant	significant	ADJ
faba-235	172	21	change	change	NOUN
faba-235	172	22	in	in	ADP
faba-235	172	23	roa	roa	PROPN
faba-235	172	24	(	(	PUNCT
faba-235	172	25	p	p	NOUN
faba-235	172	26	-	-	PUNCT
faba-235	172	27	value	value	NOUN
faba-235	172	28	0.021	0.021	NUM
faba-235	172	29	)	)	PUNCT
faba-235	172	30	at	at	ADP
faba-235	172	31	0.05	0.05	NUM
faba-235	172	32	level	level	NOUN
faba-235	172	33	of	of	ADP
faba-235	172	34	significance	significance	NOUN
faba-235	172	35	,	,	PUNCT
faba-235	172	36	and	and	CCONJ
faba-235	172	37	the	the	DET
faba-235	172	38	alternative	alternative	ADJ
faba-235	172	39	hypothesis	hypothesis	NOUN
faba-235	172	40	is	be	AUX
faba-235	172	41	confirmed	confirm	VERB
faba-235	172	42	,	,	PUNCT
faba-235	172	43	while	while	SCONJ
faba-235	172	44	for	for	ADP
faba-235	172	45	the	the	DET
faba-235	172	46	other	other	ADJ
faba-235	172	47	two	two	NUM
faba-235	172	48	coefficients	coefficient	NOUN
faba-235	172	49	,	,	PUNCT
faba-235	172	50	the	the	DET
faba-235	172	51	null	null	ADJ
faba-235	172	52	hypothesis	hypothesis	NOUN
faba-235	172	53	is	be	AUX
faba-235	172	54	confirmed	confirm	VERB
faba-235	172	55	.	.	PUNCT
faba-235	173	1	the	the	DET
faba-235	173	2	results	result	NOUN
faba-235	173	3	in	in	ADP
faba-235	173	4	the	the	DET
faba-235	173	5	profitability	profitability	NOUN
faba-235	173	6	ratios	ratio	NOUN
faba-235	173	7	of	of	ADP
faba-235	173	8	the	the	DET
faba-235	173	9	two	two	NUM
faba-235	173	10	mergers	merger	NOUN
faba-235	173	11	of	of	ADP
faba-235	173	12	eurobank	eurobank	NOUN
faba-235	173	13	can	can	AUX
faba-235	173	14	be	be	AUX
faba-235	173	15	justified	justify	VERB
faba-235	173	16	by	by	ADP
faba-235	173	17	the	the	DET
faba-235	173	18	influence	influence	NOUN
faba-235	173	19	of	of	ADP
faba-235	173	20	several	several	ADJ
faba-235	173	21	factors	factor	NOUN
faba-235	173	22	.	.	PUNCT
faba-235	174	1	the	the	DET
faba-235	174	2	size	size	NOUN
faba-235	174	3	of	of	ADP
faba-235	174	4	the	the	DET
faba-235	174	5	acquired	acquire	VERB
faba-235	174	6	institutions	institution	NOUN
faba-235	174	7	the	the	DET
faba-235	174	8	size	size	NOUN
faba-235	174	9	of	of	ADP
faba-235	174	10	alfa	alfa	PROPN
faba-235	174	11	bank	bank	PROPN
faba-235	174	12	's	's	PART
faba-235	174	13	assets	asset	NOUN
faba-235	174	14	is	be	AUX
faba-235	174	15	four	four	NUM
faba-235	174	16	times	time	NOUN
faba-235	174	17	smaller	small	ADJ
faba-235	174	18	than	than	ADP
faba-235	174	19	that	that	PRON
faba-235	174	20	of	of	ADP
faba-235	174	21	piraeus	piraeus	NOUN
faba-235	174	22	(	(	PUNCT
faba-235	174	23	€	€	SYM
faba-235	174	24	1.7bn	1.7bn	NUM
faba-235	174	25	as	as	ADP
faba-235	174	26	of	of	ADP
faba-235	174	27	2018	2018	NUM
faba-235	174	28	)	)	PUNCT
faba-235	174	29	.	.	PUNCT
faba-235	175	1	acquiring	acquire	VERB
faba-235	175	2	a	a	DET
faba-235	175	3	larger	large	ADJ
faba-235	175	4	institution	institution	NOUN
faba-235	175	5	allows	allow	VERB
faba-235	175	6	for	for	ADP
faba-235	175	7	greater	great	ADJ
faba-235	175	8	economies	economy	NOUN
faba-235	175	9	of	of	ADP
faba-235	175	10	scale	scale	NOUN
faba-235	175	11	and	and	CCONJ
faba-235	175	12	synergies	synergy	NOUN
faba-235	175	13	,	,	PUNCT
faba-235	175	14	which	which	PRON
faba-235	175	15	can	can	AUX
faba-235	175	16	lead	lead	VERB
faba-235	175	17	to	to	ADP
faba-235	175	18	a	a	DET
faba-235	175	19	more	more	ADV
faba-235	175	20	tangible	tangible	ADJ
faba-235	175	21	improvement	improvement	NOUN
faba-235	175	22	in	in	ADP
faba-235	175	23	profitability	profitability	NOUN
faba-235	175	24	.	.	PUNCT
faba-235	176	1	on	on	ADP
faba-235	176	2	the	the	DET
faba-235	176	3	other	other	ADJ
faba-235	176	4	hand	hand	NOUN
faba-235	176	5	,	,	PUNCT
faba-235	176	6	the	the	DET
faba-235	176	7	financial	financial	ADJ
faba-235	176	8	results	result	NOUN
faba-235	176	9	may	may	AUX
faba-235	176	10	also	also	ADV
faba-235	176	11	have	have	VERB
faba-235	176	12	an	an	DET
faba-235	176	13	impact	impact	NOUN
faba-235	176	14	on	on	ADP
faba-235	176	15	the	the	DET
faba-235	176	16	integration	integration	NOUN
faba-235	176	17	between	between	ADP
faba-235	176	18	the	the	DET
faba-235	176	19	two	two	NUM
faba-235	176	20	companies	company	NOUN
faba-235	176	21	.	.	PUNCT
faba-235	177	1	in	in	ADP
faba-235	177	2	the	the	DET
faba-235	177	3	first	first	ADJ
faba-235	177	4	acquisition	acquisition	NOUN
faba-235	177	5	,	,	PUNCT
faba-235	177	6	alfa	alfa	PROPN
faba-235	177	7	bank	bank	PROPN
faba-235	177	8	generated	generate	VERB
faba-235	177	9	a	a	DET
faba-235	177	10	negative	negative	ADJ
faba-235	177	11	financial	financial	ADJ
faba-235	177	12	result	result	NOUN
faba-235	177	13	in	in	ADP
faba-235	177	14	the	the	DET
faba-235	177	15	year	year	NOUN
faba-235	177	16	before	before	ADP
faba-235	177	17	the	the	DET
faba-235	177	18	transaction	transaction	NOUN
faba-235	177	19	,	,	PUNCT
faba-235	177	20	whereas	whereas	SCONJ
faba-235	177	21	piraeus	piraeus	NOUN
faba-235	177	22	reported	report	VERB
faba-235	177	23	a	a	DET
faba-235	177	24	profit	profit	NOUN
faba-235	177	25	in	in	ADP
faba-235	177	26	the	the	DET
faba-235	177	27	period	period	NOUN
faba-235	177	28	before	before	ADP
faba-235	177	29	the	the	DET
faba-235	177	30	acquisition	acquisition	NOUN
faba-235	177	31	.	.	PUNCT
faba-235	178	1	additionally	additionally	ADV
faba-235	178	2	,	,	PUNCT
faba-235	178	3	the	the	DET
faba-235	178	4	piraeus	piraeus	NOUN
faba-235	178	5	acquisition	acquisition	NOUN
faba-235	178	6	is	be	AUX
faba-235	178	7	the	the	DET
faba-235	178	8	second	second	ADJ
faba-235	178	9	for	for	ADP
faba-235	178	10	postbank	postbank	NOUN
faba-235	178	11	,	,	PUNCT
faba-235	178	12	suggesting	suggest	VERB
faba-235	178	13	that	that	SCONJ
faba-235	178	14	the	the	DET
faba-235	178	15	weaknesses	weakness	NOUN
faba-235	178	16	and	and	CCONJ
faba-235	178	17	shortcomings	shortcoming	NOUN
faba-235	178	18	of	of	ADP
faba-235	178	19	the	the	DET
faba-235	178	20	first	first	ADJ
faba-235	178	21	transaction	transaction	NOUN
faba-235	178	22	have	have	AUX
faba-235	178	23	been	be	AUX
faba-235	178	24	taken	take	VERB
faba-235	178	25	into	into	ADP
faba-235	178	26	account	account	NOUN
faba-235	178	27	.	.	PUNCT
faba-235	179	1	during	during	ADP
faba-235	179	2	the	the	DET
faba-235	179	3	first	first	ADJ
faba-235	179	4	transaction	transaction	NOUN
faba-235	179	5	,	,	PUNCT
faba-235	179	6	the	the	DET
faba-235	179	7	period	period	NOUN
faba-235	179	8	was	be	AUX
faba-235	179	9	accompanied	accompany	VERB
faba-235	179	10	by	by	ADP
faba-235	179	11	the	the	DET
faba-235	179	12	debt	debt	NOUN
faba-235	179	13	crisis	crisis	NOUN
faba-235	179	14	in	in	ADP
faba-235	179	15	greece	greece	PROPN
faba-235	179	16	,	,	PUNCT
faba-235	179	17	which	which	PRON
faba-235	179	18	reduced	reduce	VERB
faba-235	179	19	investment	investment	NOUN
faba-235	179	20	in	in	ADP
faba-235	179	21	the	the	DET
faba-235	179	22	region	region	NOUN
faba-235	179	23	and	and	CCONJ
faba-235	179	24	made	make	VERB
faba-235	179	25	it	it	PRON
faba-235	179	26	more	more	ADV
faba-235	179	27	volatile	volatile	ADJ
faba-235	179	28	.	.	PUNCT
faba-235	180	1	the	the	DET
faba-235	180	2	second	second	ADJ
faba-235	180	3	acquisition	acquisition	NOUN
faba-235	180	4	saw	see	VERB
faba-235	180	5	increased	increase	VERB
faba-235	180	6	economic	economic	ADJ
faba-235	180	7	activity	activity	NOUN
faba-235	180	8	,	,	PUNCT
faba-235	180	9	a	a	DET
faba-235	180	10	stabilization	stabilization	NOUN
faba-235	180	11	of	of	ADP
faba-235	180	12	the	the	DET
faba-235	180	13	economy	economy	NOUN
faba-235	180	14	,	,	PUNCT
faba-235	180	15	and	and	CCONJ
faba-235	180	16	low	low	ADJ
faba-235	180	17	interest	interest	NOUN
faba-235	180	18	rates	rate	NOUN
faba-235	180	19	.	.	PUNCT
faba-235	181	1	in	in	ADP
faba-235	181	2	addition	addition	NOUN
faba-235	181	3	to	to	ADP
faba-235	181	4	the	the	DET
faba-235	181	5	banks	bank	NOUN
faba-235	181	6	'	'	PART
faba-235	181	7	internal	internal	ADJ
faba-235	181	8	characteristics	characteristic	NOUN
faba-235	181	9	,	,	PUNCT
faba-235	181	10	these	these	DET
faba-235	181	11	economic	economic	ADJ
faba-235	181	12	processes	process	NOUN
faba-235	181	13	also	also	ADV
faba-235	181	14	have	have	VERB
faba-235	181	15	an	an	DET
faba-235	181	16	impact	impact	NOUN
faba-235	181	17	.	.	PUNCT
faba-235	182	1	from	from	ADP
faba-235	182	2	the	the	DET
faba-235	182	3	research	research	NOUN
faba-235	182	4	carried	carry	VERB
faba-235	182	5	out	out	ADP
faba-235	182	6	on	on	ADP
faba-235	182	7	the	the	DET
faba-235	182	8	mergers	merger	NOUN
faba-235	182	9	implemented	implement	VERB
faba-235	182	10	in	in	ADP
faba-235	182	11	the	the	DET
faba-235	182	12	banking	banking	NOUN
faba-235	182	13	market	market	NOUN
faba-235	182	14	in	in	ADP
faba-235	182	15	bulgaria	bulgaria	PROPN
faba-235	182	16	,	,	PUNCT
faba-235	182	17	it	it	PRON
faba-235	182	18	can	can	AUX
faba-235	182	19	be	be	AUX
faba-235	182	20	observed	observe	VERB
faba-235	182	21	that	that	SCONJ
faba-235	182	22	in	in	ADP
faba-235	182	23	the	the	DET
faba-235	182	24	medium	medium	ADJ
faba-235	182	25	term	term	NOUN
faba-235	182	26	,	,	PUNCT
faba-235	182	27	within	within	ADP
faba-235	182	28	five	five	NUM
faba-235	182	29	years	year	NOUN
faba-235	182	30	of	of	ADP
faba-235	182	31	their	their	PRON
faba-235	182	32	implementation	implementation	NOUN
faba-235	182	33	,	,	PUNCT
faba-235	182	34	it	it	PRON
faba-235	182	35	is	be	AUX
faba-235	182	36	difficult	difficult	ADJ
faba-235	182	37	to	to	PART
faba-235	182	38	establish	establish	VERB
faba-235	182	39	how	how	SCONJ
faba-235	182	40	their	their	PRON
faba-235	182	41	impact	impact	NOUN
faba-235	182	42	on	on	ADP
faba-235	182	43	the	the	DET
faba-235	182	44	return	return	NOUN
faba-235	182	45	on	on	ADP
faba-235	182	46	equity	equity	NOUN
faba-235	182	47	,	,	PUNCT
faba-235	182	48	return	return	VERB
faba-235	182	49	on	on	ADP
faba-235	182	50	assets	asset	NOUN
faba-235	182	51	and	and	CCONJ
faba-235	182	52	capital	capital	NOUN
faba-235	182	53	adequacy	adequacy	NOUN
faba-235	182	54	of	of	ADP
faba-235	182	55	the	the	DET
faba-235	182	56	bank	bank	NOUN
faba-235	182	57	.	.	PUNCT
faba-235	183	1	the	the	DET
faba-235	183	2	trends	trend	NOUN
faba-235	183	3	that	that	PRON
faba-235	183	4	emerged	emerge	VERB
faba-235	183	5	in	in	ADP
faba-235	183	6	the	the	DET
faba-235	183	7	years	year	NOUN
faba-235	183	8	following	follow	VERB
faba-235	183	9	the	the	DET
faba-235	183	10	m&a	m&a	PROPN
faba-235	183	11	transaction	transaction	NOUN
faba-235	183	12	show	show	VERB
faba-235	183	13	an	an	DET
faba-235	183	14	increase	increase	NOUN
faba-235	183	15	in	in	ADP
faba-235	183	16	all	all	DET
faba-235	183	17	three	three	NUM
faba-235	183	18	indicators	indicator	NOUN
faba-235	183	19	when	when	SCONJ
faba-235	183	20	their	their	PRON
faba-235	183	21	average	average	ADJ
faba-235	183	22	values	value	NOUN
faba-235	183	23	are	be	AUX
faba-235	183	24	calculated	calculate	VERB
faba-235	183	25	.	.	PUNCT
faba-235	184	1	what	what	PRON
faba-235	184	2	is	be	AUX
faba-235	184	3	observed	observe	VERB
faba-235	184	4	after	after	ADP
faba-235	184	5	the	the	DET
faba-235	184	6	implementation	implementation	NOUN
faba-235	184	7	of	of	ADP
faba-235	184	8	the	the	DET
faba-235	184	9	m&a	m&a	PROPN
faba-235	184	10	transaction	transaction	NOUN
faba-235	184	11	is	be	AUX
faba-235	184	12	a	a	DET
faba-235	184	13	decrease	decrease	NOUN
faba-235	184	14	in	in	ADP
faba-235	184	15	the	the	DET
faba-235	184	16	fluctuations	fluctuation	NOUN
faba-235	184	17	in	in	ADP
faba-235	184	18	the	the	DET
faba-235	184	19	indicators	indicator	NOUN
faba-235	184	20	and	and	CCONJ
faba-235	184	21	,	,	PUNCT
faba-235	184	22	accordingly	accordingly	ADV
faba-235	184	23	,	,	PUNCT
faba-235	184	24	more	more	ADV
faba-235	184	25	consistent	consistent	ADJ
faba-235	184	26	values	value	NOUN
faba-235	184	27	for	for	ADP
faba-235	184	28	all	all	DET
faba-235	184	29	daniel	daniel	PROPN
faba-235	184	30	dimitrov	dimitrov	PROPN
faba-235	184	31	/	/	SYM
faba-235	184	32	finance	finance	NOUN
faba-235	184	33	,	,	PUNCT
faba-235	184	34	accounting	accounting	NOUN
faba-235	184	35	and	and	CCONJ
faba-235	184	36	business	business	NOUN
faba-235	184	37	analysis	analysis	NOUN
faba-235	184	38	,	,	PUNCT
faba-235	184	39	volume	volume	NOUN
faba-235	184	40	6	6	NUM
faba-235	184	41	,	,	PUNCT
faba-235	184	42	issue	issue	NOUN
faba-235	184	43	2	2	NUM
faba-235	184	44	,	,	PUNCT
faba-235	184	45	2024	2024	NUM
faba-235	184	46	143	143	NUM
faba-235	184	47	banking	banking	NOUN
faba-235	184	48	institutions	institution	NOUN
faba-235	184	49	subject	subject	ADJ
faba-235	184	50	to	to	ADP
faba-235	184	51	the	the	DET
faba-235	184	52	study	study	NOUN
faba-235	184	53	.	.	PUNCT
faba-235	185	1	it	it	PRON
faba-235	185	2	is	be	AUX
faba-235	185	3	observed	observe	VERB
faba-235	185	4	from	from	ADP
faba-235	185	5	the	the	DET
faba-235	185	6	study	study	NOUN
faba-235	185	7	that	that	SCONJ
faba-235	185	8	after	after	ADP
faba-235	185	9	m&a	m&a	PROPN
faba-235	185	10	transactions	transaction	NOUN
faba-235	185	11	,	,	PUNCT
faba-235	185	12	banks	bank	NOUN
faba-235	185	13	improve	improve	VERB
faba-235	185	14	their	their	PRON
faba-235	185	15	capital	capital	NOUN
faba-235	185	16	base	base	NOUN
faba-235	185	17	and	and	CCONJ
faba-235	185	18	capital	capital	NOUN
faba-235	185	19	stability	stability	NOUN
faba-235	185	20	.	.	PUNCT
faba-235	186	1	capital	capital	NOUN
faba-235	186	2	adequacy	adequacy	NOUN
faba-235	186	3	improved	improve	VERB
faba-235	186	4	in	in	ADP
faba-235	186	5	each	each	PRON
faba-235	186	6	of	of	ADP
faba-235	186	7	the	the	DET
faba-235	186	8	banks	bank	NOUN
faba-235	186	9	observed	observe	VERB
faba-235	186	10	.	.	PUNCT
faba-235	187	1	this	this	DET
faba-235	187	2	improvement	improvement	NOUN
faba-235	187	3	is	be	AUX
faba-235	187	4	also	also	ADV
faba-235	187	5	relevant	relevant	ADJ
faba-235	187	6	to	to	PART
faba-235	187	7	meet	meet	VERB
faba-235	187	8	the	the	DET
faba-235	187	9	regulatory	regulatory	ADJ
faba-235	187	10	requirements	requirement	NOUN
faba-235	187	11	for	for	ADP
faba-235	187	12	banking	banking	NOUN
faba-235	187	13	institutions	institution	NOUN
faba-235	187	14	.	.	PUNCT
faba-235	188	1	on	on	ADP
faba-235	188	2	the	the	DET
faba-235	188	3	other	other	ADJ
faba-235	188	4	hand	hand	NOUN
faba-235	188	5	,	,	PUNCT
faba-235	188	6	the	the	DET
faba-235	188	7	changes	change	NOUN
faba-235	188	8	are	be	AUX
faba-235	188	9	not	not	PART
faba-235	188	10	statistically	statistically	ADV
faba-235	188	11	significant	significant	ADJ
faba-235	188	12	according	accord	VERB
faba-235	188	13	to	to	ADP
faba-235	188	14	the	the	DET
faba-235	188	15	applied	apply	VERB
faba-235	188	16	t	t	NOUN
faba-235	188	17	-	-	PUNCT
faba-235	188	18	test	test	NOUN
faba-235	188	19	for	for	ADP
faba-235	188	20	the	the	DET
faba-235	188	21	most	most	ADJ
faba-235	188	22	part	part	NOUN
faba-235	188	23	.	.	PUNCT
faba-235	189	1	however	however	ADV
faba-235	189	2	,	,	PUNCT
faba-235	189	3	the	the	DET
faba-235	189	4	lack	lack	NOUN
faba-235	189	5	of	of	ADP
faba-235	189	6	significant	significant	ADJ
faba-235	189	7	changes	change	NOUN
faba-235	189	8	in	in	ADP
faba-235	189	9	profitability	profitability	NOUN
faba-235	189	10	after	after	SCONJ
faba-235	189	11	the	the	DET
faba-235	189	12	merger	merger	NOUN
faba-235	189	13	suggests	suggest	VERB
faba-235	189	14	that	that	SCONJ
faba-235	189	15	achieving	achieve	VERB
faba-235	189	16	synergies	synergy	NOUN
faba-235	189	17	and	and	CCONJ
faba-235	189	18	operational	operational	ADJ
faba-235	189	19	efficiency	efficiency	NOUN
faba-235	189	20	may	may	AUX
faba-235	189	21	take	take	VERB
faba-235	189	22	longer	long	ADV
faba-235	189	23	or	or	CCONJ
faba-235	189	24	depend	depend	VERB
faba-235	189	25	on	on	ADP
faba-235	189	26	external	external	ADJ
faba-235	189	27	conditions	condition	NOUN
faba-235	189	28	beyond	beyond	ADP
faba-235	189	29	the	the	DET
faba-235	189	30	control	control	NOUN
faba-235	189	31	of	of	ADP
faba-235	189	32	bank	bank	NOUN
faba-235	189	33	management	management	NOUN
faba-235	189	34	.	.	PUNCT
faba-235	190	1	this	this	PRON
faba-235	190	2	,	,	PUNCT
faba-235	190	3	in	in	ADP
faba-235	190	4	turn	turn	NOUN
faba-235	190	5	,	,	PUNCT
faba-235	190	6	draws	draw	VERB
faba-235	190	7	attention	attention	NOUN
faba-235	190	8	to	to	ADP
faba-235	190	9	the	the	DET
faba-235	190	10	fact	fact	NOUN
faba-235	190	11	that	that	SCONJ
faba-235	190	12	there	there	PRON
faba-235	190	13	are	be	VERB
faba-235	190	14	other	other	ADJ
faba-235	190	15	factors	factor	NOUN
faba-235	190	16	influencing	influence	VERB
faba-235	190	17	banks	bank	NOUN
faba-235	190	18	besides	besides	SCONJ
faba-235	190	19	the	the	DET
faba-235	190	20	acquisition	acquisition	NOUN
faba-235	190	21	transaction	transaction	NOUN
faba-235	190	22	that	that	PRON
faba-235	190	23	have	have	VERB
faba-235	190	24	a	a	DET
faba-235	190	25	complex	complex	ADJ
faba-235	190	26	impact	impact	NOUN
faba-235	190	27	on	on	ADP
faba-235	190	28	their	their	PRON
faba-235	190	29	performance	performance	NOUN
faba-235	190	30	and	and	CCONJ
faba-235	190	31	profit	profit	NOUN
faba-235	190	32	generation	generation	NOUN
faba-235	190	33	.	.	PUNCT
faba-235	191	1	another	another	DET
faba-235	191	2	factor	factor	NOUN
faba-235	191	3	to	to	PART
faba-235	191	4	consider	consider	VERB
faba-235	191	5	is	be	AUX
faba-235	191	6	that	that	SCONJ
faba-235	191	7	the	the	DET
faba-235	191	8	situation	situation	NOUN
faba-235	191	9	in	in	ADP
faba-235	191	10	bulgaria	bulgaria	PROPN
faba-235	191	11	has	have	AUX
faba-235	191	12	been	be	AUX
faba-235	191	13	complex	complex	ADJ
faba-235	191	14	and	and	CCONJ
faba-235	191	15	unstable	unstable	ADJ
faba-235	191	16	in	in	ADP
faba-235	191	17	recent	recent	ADJ
faba-235	191	18	years	year	NOUN
faba-235	191	19	.	.	PUNCT
faba-235	192	1	there	there	PRON
faba-235	192	2	has	have	AUX
faba-235	192	3	been	be	AUX
faba-235	192	4	a	a	DET
faba-235	192	5	constant	constant	ADJ
faba-235	192	6	political	political	ADJ
faba-235	192	7	crisis	crisis	NOUN
faba-235	192	8	and	and	CCONJ
faba-235	192	9	change	change	NOUN
faba-235	192	10	of	of	ADP
faba-235	192	11	caretaker	caretaker	NOUN
faba-235	192	12	governments	government	NOUN
faba-235	192	13	,	,	PUNCT
faba-235	192	14	making	make	VERB
faba-235	192	15	the	the	DET
faba-235	192	16	country	country	NOUN
faba-235	192	17	unstable	unstable	ADJ
faba-235	192	18	in	in	ADP
faba-235	192	19	terms	term	NOUN
faba-235	192	20	of	of	ADP
faba-235	192	21	its	its	PRON
faba-235	192	22	long	long	ADJ
faba-235	192	23	-	-	PUNCT
faba-235	192	24	term	term	NOUN
faba-235	192	25	policies	policy	NOUN
faba-235	192	26	as	as	ADV
faba-235	192	27	well	well	ADV
faba-235	192	28	as	as	ADP
faba-235	192	29	attracting	attract	VERB
faba-235	192	30	foreign	foreign	ADJ
faba-235	192	31	investment	investment	NOUN
faba-235	192	32	.	.	PUNCT
faba-235	193	1	an	an	DET
faba-235	193	2	additional	additional	ADJ
faba-235	193	3	factor	factor	NOUN
faba-235	193	4	influencing	influence	VERB
faba-235	193	5	the	the	DET
faba-235	193	6	deals	deal	NOUN
faba-235	193	7	under	under	ADP
faba-235	193	8	consideration	consideration	NOUN
faba-235	193	9	is	be	AUX
faba-235	193	10	the	the	DET
faba-235	193	11	covid-19	covid-19	PROPN
faba-235	193	12	pandemic	pandemic	NOUN
faba-235	193	13	.	.	PUNCT
faba-235	194	1	some	some	PRON
faba-235	194	2	of	of	ADP
faba-235	194	3	the	the	DET
faba-235	194	4	deals	deal	NOUN
faba-235	194	5	took	take	VERB
faba-235	194	6	place	place	NOUN
faba-235	194	7	in	in	ADP
faba-235	194	8	the	the	DET
faba-235	194	9	period	period	NOUN
faba-235	194	10	of	of	ADP
faba-235	194	11	the	the	DET
faba-235	194	12	pandemic	pandemic	NOUN
faba-235	194	13	's	's	PART
faba-235	194	14	onset	onset	NOUN
faba-235	194	15	.	.	PUNCT
faba-235	195	1	during	during	ADP
faba-235	195	2	the	the	DET
faba-235	195	3	expansion	expansion	NOUN
faba-235	195	4	of	of	ADP
faba-235	195	5	the	the	DET
faba-235	195	6	pandemic	pandemic	NOUN
faba-235	195	7	,	,	PUNCT
faba-235	195	8	a	a	DET
faba-235	195	9	number	number	NOUN
faba-235	195	10	of	of	ADP
faba-235	195	11	measures	measure	NOUN
faba-235	195	12	were	be	AUX
faba-235	195	13	implemented	implement	VERB
faba-235	195	14	,	,	PUNCT
faba-235	195	15	such	such	ADJ
faba-235	195	16	as	as	ADP
faba-235	195	17	a	a	DET
faba-235	195	18	lockdown	lockdown	NOUN
faba-235	195	19	,	,	PUNCT
faba-235	195	20	restrictions	restriction	NOUN
faba-235	195	21	on	on	ADP
faba-235	195	22	free	free	ADJ
faba-235	195	23	movement	movement	NOUN
faba-235	195	24	,	,	PUNCT
faba-235	195	25	an	an	DET
faba-235	195	26	increase	increase	NOUN
faba-235	195	27	in	in	ADP
faba-235	195	28	unemployment	unemployment	NOUN
faba-235	195	29	,	,	PUNCT
faba-235	195	30	and	and	CCONJ
faba-235	195	31	a	a	DET
faba-235	195	32	deterioration	deterioration	NOUN
faba-235	195	33	in	in	ADP
faba-235	195	34	the	the	DET
faba-235	195	35	economic	economic	ADJ
faba-235	195	36	activity	activity	NOUN
faba-235	195	37	of	of	ADP
faba-235	195	38	entities	entity	NOUN
faba-235	195	39	.	.	PUNCT
faba-235	196	1	some	some	PRON
faba-235	196	2	of	of	ADP
faba-235	196	3	the	the	DET
faba-235	196	4	businesses	business	NOUN
faba-235	196	5	had	have	VERB
faba-235	196	6	a	a	DET
faba-235	196	7	problem	problem	NOUN
faba-235	196	8	with	with	ADP
faba-235	196	9	the	the	DET
faba-235	196	10	supply	supply	NOUN
faba-235	196	11	of	of	ADP
faba-235	196	12	raw	raw	ADJ
faba-235	196	13	materials	material	NOUN
faba-235	196	14	,	,	PUNCT
faba-235	196	15	which	which	PRON
faba-235	196	16	affected	affect	VERB
faba-235	196	17	their	their	PRON
faba-235	196	18	production	production	NOUN
faba-235	196	19	,	,	PUNCT
faba-235	196	20	and	and	CCONJ
faba-235	196	21	the	the	DET
faba-235	196	22	individual	individual	ADJ
faba-235	196	23	segment	segment	NOUN
faba-235	196	24	saw	see	VERB
faba-235	196	25	a	a	DET
faba-235	196	26	restriction	restriction	NOUN
faba-235	196	27	in	in	ADP
faba-235	196	28	consumption	consumption	NOUN
faba-235	196	29	.	.	PUNCT
faba-235	197	1	banks	bank	NOUN
faba-235	197	2	,	,	PUNCT
faba-235	197	3	on	on	ADP
faba-235	197	4	their	their	PRON
faba-235	197	5	part	part	NOUN
faba-235	197	6	,	,	PUNCT
faba-235	197	7	needed	need	VERB
faba-235	197	8	to	to	PART
faba-235	197	9	implement	implement	VERB
faba-235	197	10	measures	measure	NOUN
faba-235	197	11	and	and	CCONJ
faba-235	197	12	reassess	reassess	VERB
faba-235	197	13	their	their	PRON
faba-235	197	14	risk	risk	NOUN
faba-235	197	15	appetite	appetite	NOUN
faba-235	197	16	in	in	ADP
faba-235	197	17	order	order	NOUN
faba-235	197	18	not	not	PART
faba-235	197	19	to	to	PART
faba-235	197	20	allow	allow	VERB
faba-235	197	21	excessive	excessive	ADJ
faba-235	197	22	growth	growth	NOUN
faba-235	197	23	of	of	ADP
faba-235	197	24	npls	npls	NOUN
faba-235	197	25	and	and	CCONJ
faba-235	197	26	,	,	PUNCT
faba-235	197	27	consequently	consequently	ADV
faba-235	197	28	,	,	PUNCT
faba-235	197	29	generate	generate	VERB
faba-235	197	30	npl	npl	NOUN
faba-235	197	31	losses	loss	NOUN
faba-235	197	32	.	.	PUNCT
faba-235	198	1	these	these	DET
faba-235	198	2	factors	factor	NOUN
faba-235	198	3	also	also	ADV
faba-235	198	4	had	have	VERB
faba-235	198	5	an	an	DET
faba-235	198	6	impact	impact	NOUN
faba-235	198	7	on	on	ADP
faba-235	198	8	their	their	PRON
faba-235	198	9	results	result	NOUN
faba-235	198	10	.	.	PUNCT
faba-235	199	1	in	in	ADP
faba-235	199	2	practice	practice	NOUN
faba-235	199	3	,	,	PUNCT
faba-235	199	4	the	the	DET
faba-235	199	5	medium	medium	ADJ
faba-235	199	6	-	-	PUNCT
faba-235	199	7	term	term	NOUN
faba-235	199	8	period	period	NOUN
faba-235	199	9	of	of	ADP
faba-235	199	10	five	five	NUM
faba-235	199	11	years	year	NOUN
faba-235	199	12	is	be	AUX
faba-235	199	13	not	not	PART
faba-235	199	14	sufficient	sufficient	ADJ
faba-235	199	15	to	to	PART
faba-235	199	16	fully	fully	ADV
faba-235	199	17	assess	assess	VERB
faba-235	199	18	the	the	DET
faba-235	199	19	impact	impact	NOUN
faba-235	199	20	of	of	ADP
faba-235	199	21	m&a	m&a	PROPN
faba-235	199	22	transactions	transaction	NOUN
faba-235	199	23	on	on	ADP
faba-235	199	24	banks	bank	NOUN
faba-235	199	25	'	'	PART
faba-235	199	26	performance	performance	NOUN
faba-235	199	27	,	,	PUNCT
faba-235	199	28	but	but	CCONJ
faba-235	199	29	it	it	PRON
faba-235	199	30	does	do	AUX
faba-235	199	31	provide	provide	VERB
faba-235	199	32	a	a	DET
faba-235	199	33	glimpse	glimpse	NOUN
faba-235	199	34	of	of	ADP
faba-235	199	35	changes	change	NOUN
faba-235	199	36	in	in	ADP
faba-235	199	37	performance	performance	NOUN
faba-235	199	38	.	.	PUNCT
faba-235	200	1	this	this	DET
faba-235	200	2	study	study	NOUN
faba-235	200	3	provides	provide	VERB
faba-235	200	4	a	a	DET
faba-235	200	5	scope	scope	NOUN
faba-235	200	6	to	to	PART
faba-235	200	7	examine	examine	VERB
faba-235	200	8	the	the	DET
faba-235	200	9	impact	impact	NOUN
faba-235	200	10	of	of	ADP
faba-235	200	11	external	external	ADJ
faba-235	200	12	factors	factor	NOUN
faba-235	200	13	in	in	ADP
faba-235	200	14	m&a	m&a	PROPN
faba-235	200	15	transactions	transaction	NOUN
faba-235	200	16	and	and	CCONJ
faba-235	200	17	how	how	SCONJ
faba-235	200	18	they	they	PRON
faba-235	200	19	relate	relate	VERB
faba-235	200	20	to	to	ADP
faba-235	200	21	bank	bank	NOUN
faba-235	200	22	performance	performance	NOUN
faba-235	200	23	.	.	PUNCT
faba-235	201	1	conclusion	conclusion	NOUN
faba-235	201	2	this	this	DET
faba-235	201	3	study	study	NOUN
faba-235	201	4	contributes	contribute	VERB
faba-235	201	5	and	and	CCONJ
faba-235	201	6	adds	add	VERB
faba-235	201	7	to	to	ADP
faba-235	201	8	the	the	DET
faba-235	201	9	understanding	understanding	NOUN
faba-235	201	10	of	of	ADP
faba-235	201	11	the	the	DET
faba-235	201	12	impact	impact	NOUN
faba-235	201	13	of	of	ADP
faba-235	201	14	m&a	m&a	PROPN
faba-235	201	15	transactions	transaction	NOUN
faba-235	201	16	in	in	ADP
faba-235	201	17	the	the	DET
faba-235	201	18	banking	banking	NOUN
faba-235	201	19	sector	sector	NOUN
faba-235	201	20	in	in	ADP
faba-235	201	21	bulgaria	bulgaria	PROPN
faba-235	201	22	and	and	CCONJ
faba-235	201	23	,	,	PUNCT
faba-235	201	24	more	more	ADV
faba-235	201	25	specifically	specifically	ADV
faba-235	201	26	,	,	PUNCT
faba-235	201	27	on	on	ADP
faba-235	201	28	financial	financial	ADJ
faba-235	201	29	indicators	indicator	NOUN
faba-235	201	30	of	of	ADP
faba-235	201	31	banking	banking	NOUN
faba-235	201	32	institutions	institution	NOUN
faba-235	201	33	of	of	ADP
faba-235	201	34	significant	significant	ADJ
faba-235	201	35	importance	importance	NOUN
faba-235	201	36	,	,	PUNCT
faba-235	201	37	such	such	ADJ
faba-235	201	38	as	as	ADP
faba-235	201	39	return	return	NOUN
faba-235	201	40	on	on	ADP
faba-235	201	41	equity	equity	NOUN
faba-235	201	42	,	,	PUNCT
faba-235	201	43	return	return	VERB
faba-235	201	44	on	on	ADP
faba-235	201	45	assets	asset	NOUN
faba-235	201	46	,	,	PUNCT
faba-235	201	47	and	and	CCONJ
faba-235	201	48	capital	capital	NOUN
faba-235	201	49	adequacy	adequacy	NOUN
faba-235	201	50	.	.	PUNCT
faba-235	202	1	it	it	PRON
faba-235	202	2	is	be	AUX
faba-235	202	3	clear	clear	ADJ
faba-235	202	4	from	from	ADP
faba-235	202	5	the	the	DET
faba-235	202	6	research	research	NOUN
faba-235	202	7	and	and	CCONJ
faba-235	202	8	data	datum	NOUN
faba-235	202	9	that	that	SCONJ
faba-235	202	10	the	the	DET
faba-235	202	11	medium	medium	ADJ
faba-235	202	12	-	-	PUNCT
faba-235	202	13	term	term	NOUN
faba-235	202	14	period	period	NOUN
faba-235	202	15	of	of	ADP
faba-235	202	16	five	five	NUM
faba-235	202	17	years	year	NOUN
faba-235	202	18	is	be	AUX
faba-235	202	19	not	not	PART
faba-235	202	20	fully	fully	ADV
faba-235	202	21	sufficient	sufficient	ADJ
faba-235	202	22	for	for	ADP
faba-235	202	23	a	a	DET
faba-235	202	24	comprehensive	comprehensive	ADJ
faba-235	202	25	assessment	assessment	NOUN
faba-235	202	26	of	of	ADP
faba-235	202	27	the	the	DET
faba-235	202	28	impact	impact	NOUN
faba-235	202	29	of	of	ADP
faba-235	202	30	the	the	DET
faba-235	202	31	transactions	transaction	NOUN
faba-235	202	32	on	on	ADP
faba-235	202	33	the	the	DET
faba-235	202	34	acquiring	acquire	VERB
faba-235	202	35	banks	bank	NOUN
faba-235	202	36	and	and	CCONJ
faba-235	202	37	their	their	PRON
faba-235	202	38	financial	financial	ADJ
faba-235	202	39	stability	stability	NOUN
faba-235	202	40	after	after	ADP
faba-235	202	41	the	the	DET
faba-235	202	42	business	business	NOUN
faba-235	202	43	combination	combination	NOUN
faba-235	202	44	.	.	PUNCT
faba-235	203	1	however	however	ADV
faba-235	203	2	,	,	PUNCT
faba-235	203	3	the	the	DET
faba-235	203	4	study	study	NOUN
faba-235	203	5	's	's	PART
faba-235	203	6	results	result	NOUN
faba-235	203	7	outline	outline	VERB
faba-235	203	8	trends	trend	NOUN
faba-235	203	9	and	and	CCONJ
faba-235	203	10	the	the	DET
faba-235	203	11	direction	direction	NOUN
faba-235	203	12	of	of	ADP
faba-235	203	13	development	development	NOUN
faba-235	203	14	in	in	ADP
faba-235	203	15	terms	term	NOUN
faba-235	203	16	of	of	ADP
faba-235	203	17	the	the	DET
faba-235	203	18	coefficients	coefficient	NOUN
faba-235	203	19	.	.	PUNCT
faba-235	204	1	it	it	PRON
faba-235	204	2	shows	show	VERB
faba-235	204	3	that	that	SCONJ
faba-235	204	4	in	in	ADP
faba-235	204	5	the	the	DET
faba-235	204	6	bulgarian	bulgarian	ADJ
faba-235	204	7	banking	banking	NOUN
faba-235	204	8	market	market	NOUN
faba-235	204	9	,	,	PUNCT
faba-235	204	10	this	this	DET
faba-235	204	11	type	type	NOUN
faba-235	204	12	of	of	ADP
faba-235	204	13	m&a	m&a	PROPN
faba-235	204	14	transaction	transaction	NOUN
faba-235	204	15	has	have	VERB
faba-235	204	16	an	an	DET
faba-235	204	17	impact	impact	NOUN
faba-235	204	18	on	on	ADP
faba-235	204	19	the	the	DET
faba-235	204	20	stability	stability	NOUN
faba-235	204	21	of	of	ADP
faba-235	204	22	the	the	DET
faba-235	204	23	performance	performance	NOUN
faba-235	204	24	of	of	ADP
faba-235	204	25	banking	banking	NOUN
faba-235	204	26	institutions	institution	NOUN
faba-235	204	27	but	but	CCONJ
faba-235	204	28	does	do	VERB
faba-235	204	29	not	not	PART
faba-235	204	30	necessarily	necessarily	ADV
faba-235	204	31	,	,	PUNCT
faba-235	204	32	and	and	CCONJ
faba-235	204	33	in	in	ADP
faba-235	204	34	a	a	DET
faba-235	204	35	relatively	relatively	ADV
faba-235	204	36	short	short	ADJ
faba-235	204	37	time	time	NOUN
faba-235	204	38	,	,	PUNCT
faba-235	204	39	lead	lead	VERB
faba-235	204	40	to	to	ADP
faba-235	204	41	an	an	DET
faba-235	204	42	improvement	improvement	NOUN
faba-235	204	43	in	in	ADP
faba-235	204	44	their	their	PRON
faba-235	204	45	profitability	profitability	NOUN
faba-235	204	46	.	.	PUNCT
faba-235	205	1	the	the	DET
faba-235	205	2	study	study	NOUN
faba-235	205	3	results	result	NOUN
faba-235	205	4	also	also	ADV
faba-235	205	5	show	show	VERB
faba-235	205	6	that	that	SCONJ
faba-235	205	7	banks	bank	NOUN
faba-235	205	8	in	in	ADP
faba-235	205	9	bulgaria	bulgaria	PROPN
faba-235	205	10	register	register	VERB
faba-235	205	11	improved	improve	VERB
faba-235	205	12	capital	capital	NOUN
faba-235	205	13	adequacy	adequacy	NOUN
faba-235	205	14	and	and	CCONJ
faba-235	205	15	a	a	DET
faba-235	205	16	tendency	tendency	NOUN
faba-235	205	17	for	for	ADP
faba-235	205	18	stabilization	stabilization	NOUN
faba-235	205	19	of	of	ADP
faba-235	205	20	fluctuations	fluctuation	NOUN
faba-235	205	21	in	in	ADP
faba-235	205	22	roe	roe	PROPN
faba-235	205	23	and	and	CCONJ
faba-235	205	24	roa	roa	PROPN
faba-235	205	25	values	value	NOUN
faba-235	205	26	when	when	SCONJ
faba-235	205	27	post	post	ADJ
faba-235	205	28	-	-	ADJ
faba-235	205	29	acquisition	acquisition	ADJ
faba-235	205	30	transactions	transaction	NOUN
faba-235	205	31	are	be	AUX
faba-235	205	32	implemented	implement	VERB
faba-235	205	33	.	.	PUNCT
faba-235	206	1	profit	profit	NOUN
faba-235	206	2	as	as	ADP
faba-235	206	3	the	the	DET
faba-235	206	4	main	main	ADJ
faba-235	206	5	element	element	NOUN
faba-235	206	6	serving	serve	VERB
faba-235	206	7	for	for	ADP
faba-235	206	8	the	the	DET
faba-235	206	9	calculation	calculation	NOUN
faba-235	206	10	of	of	ADP
faba-235	206	11	roa	roa	NOUN
faba-235	206	12	indicators	indicator	NOUN
faba-235	206	13	,	,	PUNCT
faba-235	206	14	besides	besides	SCONJ
faba-235	206	15	depending	depend	VERB
faba-235	206	16	on	on	ADP
faba-235	206	17	the	the	DET
faba-235	206	18	internal	internal	ADJ
faba-235	206	19	factors	factor	NOUN
faba-235	206	20	in	in	ADP
faba-235	206	21	the	the	DET
faba-235	206	22	bank	bank	NOUN
faba-235	206	23	,	,	PUNCT
faba-235	206	24	is	be	AUX
faba-235	206	25	also	also	ADV
faba-235	206	26	influenced	influence	VERB
faba-235	206	27	by	by	ADP
faba-235	206	28	many	many	ADJ
faba-235	206	29	external	external	ADJ
faba-235	206	30	factors	factor	NOUN
faba-235	206	31	of	of	ADP
faba-235	206	32	the	the	DET
faba-235	206	33	surrounding	surround	VERB
faba-235	206	34	environment	environment	NOUN
faba-235	206	35	political	political	ADJ
faba-235	206	36	and	and	CCONJ
faba-235	206	37	economic	economic	ADJ
faba-235	206	38	stability	stability	NOUN
faba-235	206	39	,	,	PUNCT
faba-235	206	40	changes	change	NOUN
faba-235	206	41	in	in	ADP
faba-235	206	42	legislation	legislation	NOUN
faba-235	206	43	,	,	PUNCT
faba-235	206	44	and	and	CCONJ
faba-235	206	45	events	event	NOUN
faba-235	206	46	of	of	ADP
faba-235	206	47	extraordinary	extraordinary	ADJ
faba-235	206	48	nature	nature	NOUN
faba-235	206	49	.	.	PUNCT
faba-235	207	1	the	the	DET
faba-235	207	2	study	study	NOUN
faba-235	207	3	provides	provide	VERB
faba-235	207	4	a	a	DET
faba-235	207	5	basis	basis	NOUN
faba-235	207	6	for	for	ADP
faba-235	207	7	future	future	ADJ
faba-235	207	8	research	research	NOUN
faba-235	207	9	that	that	PRON
faba-235	207	10	focuses	focus	VERB
faba-235	207	11	on	on	ADP
faba-235	207	12	examining	examine	VERB
faba-235	207	13	the	the	DET
faba-235	207	14	relationship	relationship	NOUN
faba-235	207	15	between	between	ADP
faba-235	207	16	external	external	ADJ
faba-235	207	17	factors	factor	NOUN
faba-235	207	18	,	,	PUNCT
faba-235	207	19	their	their	PRON
faba-235	207	20	impact	impact	NOUN
faba-235	207	21	on	on	ADP
faba-235	207	22	banks	bank	NOUN
faba-235	207	23	and	and	CCONJ
faba-235	207	24	the	the	DET
faba-235	207	25	effectiveness	effectiveness	NOUN
faba-235	207	26	of	of	ADP
faba-235	207	27	m&a	m&a	PROPN
faba-235	207	28	transactions	transaction	NOUN
faba-235	207	29	with	with	ADP
faba-235	207	30	a	a	DET
faba-235	207	31	longer	long	ADJ
faba-235	207	32	time	time	NOUN
faba-235	207	33	horizon	horizon	NOUN
faba-235	207	34	.	.	PUNCT
faba-235	208	1	reference	reference	NOUN
faba-235	208	2	altunbaş	altunbaş	NOUN
faba-235	208	3	,	,	PUNCT
faba-235	208	4	y.	y.	PROPN
faba-235	208	5	,	,	PUNCT
faba-235	208	6	and	and	CCONJ
faba-235	208	7	d.	d.	PROPN
faba-235	208	8	marques	marques	PROPN
faba-235	208	9	-	-	PROPN
faba-235	208	10	ibanez	ibanez	PROPN
faba-235	208	11	.	.	PUNCT
faba-235	209	1	2008	2008	NUM
faba-235	209	2	.	.	PUNCT
faba-235	210	1	mergers	merger	NOUN
faba-235	210	2	and	and	CCONJ
faba-235	210	3	acquisitions	acquisition	NOUN
faba-235	210	4	and	and	CCONJ
faba-235	210	5	bank	bank	NOUN
faba-235	210	6	performance	performance	NOUN
faba-235	210	7	in	in	ADP
faba-235	210	8	europe	europe	PROPN
faba-235	210	9	:	:	PUNCT
faba-235	210	10	the	the	DET
faba-235	210	11	role	role	NOUN
faba-235	210	12	of	of	ADP
faba-235	210	13	strategic	strategic	ADJ
faba-235	210	14	similarities	similarity	NOUN
faba-235	210	15	.	.	PUNCT
faba-235	211	1	journal	journal	NOUN
faba-235	211	2	of	of	ADP
faba-235	211	3	economics	economic	NOUN
faba-235	211	4	and	and	CCONJ
faba-235	211	5	business	business	NOUN
faba-235	211	6	,	,	PUNCT
faba-235	211	7	60(3	60(3	NOUN
faba-235	211	8	):	):	PUNCT
faba-235	211	9	204	204	NUM
faba-235	211	10	-	-	SYM
faba-235	211	11	222	222	NUM
faba-235	211	12	.	.	PUNCT
faba-235	212	1	https://doi.org/10.1016/j.jeconbus.2007.02.003	https://doi.org/10.1016/j.jeconbus.2007.02.003	PROPN
faba-235	212	2	.	.	PUNCT
faba-235	213	1	amihud	amihud	PROPN
faba-235	213	2	,	,	PUNCT
faba-235	213	3	y.	y.	PROPN
faba-235	213	4	,	,	PUNCT
faba-235	213	5	g.	g.	PROPN
faba-235	213	6	l.	l.	PROPN
faba-235	213	7	delong	delong	PROPN
faba-235	213	8	,	,	PUNCT
faba-235	213	9	and	and	CCONJ
faba-235	213	10	a.	a.	NOUN
faba-235	213	11	saunders	saunder	NOUN
faba-235	213	12	.	.	PUNCT
faba-235	214	1	2002	2002	NUM
faba-235	214	2	.	.	PUNCT
faba-235	215	1	the	the	DET
faba-235	215	2	effects	effect	NOUN
faba-235	215	3	of	of	ADP
faba-235	215	4	cross	cross	ADJ
faba-235	215	5	-	-	ADJ
faba-235	215	6	border	border	ADJ
faba-235	215	7	bank	bank	NOUN
faba-235	215	8	mergers	merger	NOUN
faba-235	215	9	on	on	ADP
faba-235	215	10	bank	bank	NOUN
faba-235	215	11	risk	risk	NOUN
faba-235	215	12	and	and	CCONJ
faba-235	215	13	value	value	NOUN
faba-235	215	14	.	.	PUNCT
faba-235	216	1	journal	journal	PROPN
faba-235	216	2	of	of	ADP
faba-235	216	3	international	international	ADJ
faba-235	216	4	money	money	NOUN
faba-235	216	5	and	and	CCONJ
faba-235	216	6	finance	finance	NOUN
faba-235	216	7	,	,	PUNCT
faba-235	216	8	21(6	21(6	NUM
faba-235	216	9	):	):	PUNCT
faba-235	216	10	857	857	NUM
faba-235	216	11	-	-	SYM
faba-235	216	12	877	877	NUM
faba-235	216	13	.	.	PUNCT
faba-235	217	1	https://doi.org/10.1016/s0261-5606(02)00026-8	https://doi.org/10.1016/s0261-5606(02)00026-8	PROPN
faba-235	217	2	.	.	PUNCT
faba-235	218	1	anzoategui	anzoategui	PROPN
faba-235	218	2	,	,	PUNCT
faba-235	218	3	d.	d.	PROPN
faba-235	218	4	,	,	PUNCT
faba-235	218	5	martinez	martinez	PROPN
faba-235	218	6	peria	peria	PROPN
faba-235	218	7	,	,	PUNCT
faba-235	218	8	m.s	m.s	PROPN
faba-235	218	9	.	.	PROPN
faba-235	218	10	,	,	PUNCT
faba-235	218	11	&	&	CCONJ
faba-235	218	12	melecky	melecky	PROPN
faba-235	218	13	,	,	PUNCT
faba-235	218	14	m.	m.	NOUN
faba-235	218	15	(	(	PUNCT
faba-235	218	16	2010	2010	NUM
faba-235	218	17	)	)	PUNCT
faba-235	218	18	.	.	PUNCT
faba-235	219	1	banking	banking	NOUN
faba-235	219	2	sector	sector	NOUN
faba-235	219	3	competition	competition	NOUN
faba-235	219	4	in	in	ADP
faba-235	219	5	russia	russia	PROPN
faba-235	219	6	.	.	PUNCT
faba-235	220	1	world	world	PROPN
faba-235	220	2	bank	bank	PROPN
faba-235	220	3	policy	policy	NOUN
faba-235	220	4	research	research	NOUN
faba-235	220	5	working	working	NOUN
faba-235	220	6	paper	paper	NOUN
faba-235	220	7	no	no	INTJ
faba-235	220	8	.	.	PUNCT
faba-235	221	1	5449	5449	NUM
faba-235	221	2	.	.	PUNCT
faba-235	222	1	berger	berger	PROPN
faba-235	222	2	,	,	PUNCT
faba-235	222	3	a.n	a.n	PROPN
faba-235	222	4	.	.	PROPN
faba-235	222	5	,	,	PUNCT
faba-235	222	6	w.	w.	PROPN
faba-235	222	7	c.	c.	PROPN
faba-235	222	8	hunter	hunter	PROPN
faba-235	222	9	,	,	PUNCT
faba-235	222	10	and	and	CCONJ
faba-235	222	11	s.	s.	PROPN
faba-235	222	12	g.	g.	PROPN
faba-235	222	13	timme	timme	PROPN
faba-235	222	14	.	.	PUNCT
faba-235	222	15	1993	1993	NUM
faba-235	222	16	.	.	PUNCT
faba-235	223	1	the	the	DET
faba-235	223	2	efficiency	efficiency	NOUN
faba-235	223	3	of	of	ADP
faba-235	223	4	financial	financial	ADJ
faba-235	223	5	institutions	institution	NOUN
faba-235	223	6	:	:	PUNCT
faba-235	223	7	a	a	DET
faba-235	223	8	review	review	NOUN
faba-235	223	9	and	and	CCONJ
faba-235	223	10	preview	preview	NOUN
faba-235	223	11	of	of	ADP
faba-235	223	12	research	research	NOUN
faba-235	223	13	past	past	NOUN
faba-235	223	14	,	,	PUNCT
faba-235	223	15	present	present	ADJ
faba-235	223	16	,	,	PUNCT
faba-235	223	17	and	and	CCONJ
faba-235	223	18	future	future	NOUN
faba-235	223	19	.	.	PUNCT
faba-235	224	1	journal	journal	NOUN
faba-235	224	2	of	of	ADP
faba-235	224	3	banking	banking	NOUN
faba-235	224	4	&	&	CCONJ
faba-235	224	5	finance	finance	NOUN
faba-235	224	6	,	,	PUNCT
faba-235	224	7	17(2	17(2	NUM
faba-235	224	8	-	-	SYM
faba-235	224	9	3	3	NUM
faba-235	224	10	):	):	PUNCT
faba-235	224	11	221	221	NUM
faba-235	224	12	-	-	SYM
faba-235	224	13	249	249	NUM
faba-235	224	14	.	.	PUNCT
faba-235	225	1	https://doi.org/10.1016/0378-4266(93)90030-h	https://doi.org/10.1016/0378-4266(93)90030-h	NOUN
faba-235	225	2	.	.	PUNCT
faba-235	226	1	borisov	borisov	PROPN
faba-235	226	2	,	,	PUNCT
faba-235	226	3	l.	l.	PROPN
faba-235	226	4	2017	2017	NUM
faba-235	226	5	.	.	PUNCT
faba-235	227	1	the	the	DET
faba-235	227	2	impact	impact	NOUN
faba-235	227	3	of	of	ADP
faba-235	227	4	mergers	merger	NOUN
faba-235	227	5	and	and	CCONJ
faba-235	227	6	acquisitions	acquisition	NOUN
faba-235	227	7	on	on	ADP
faba-235	227	8	the	the	DET
faba-235	227	9	efficiency	efficiency	NOUN
faba-235	227	10	of	of	ADP
faba-235	227	11	banks	bank	NOUN
faba-235	227	12	in	in	ADP
faba-235	227	13	bulgaria	bulgaria	PROPN
faba-235	227	14	.	.	PUNCT
faba-235	227	15	vuzf	vuzf	PROPN
faba-235	227	16	review	review	PROPN
faba-235	227	17	journal	journal	NOUN
faba-235	227	18	,	,	PUNCT
faba-235	227	19	(	(	PUNCT
faba-235	227	20	2	2	NUM
faba-235	227	21	):	):	PUNCT
faba-235	227	22	16	16	NUM
faba-235	227	23	-	-	SYM
faba-235	227	24	30	30	NUM
faba-235	227	25	.	.	PUNCT
faba-235	228	1	https://doi.org/10.56497/etj2065302	https://doi.org/10.56497/etj2065302	PROPN
faba-235	228	2	.	.	PUNCT
faba-235	229	1	campa	campa	PROPN
faba-235	229	2	,	,	PUNCT
faba-235	229	3	j.	j.	PROPN
faba-235	229	4	m.	m.	PROPN
faba-235	229	5	,	,	PUNCT
faba-235	229	6	and	and	CCONJ
faba-235	229	7	i.	i.	PROPN
faba-235	229	8	hernando	hernando	PROPN
faba-235	229	9	.	.	PUNCT
faba-235	230	1	2006	2006	NUM
faba-235	230	2	.	.	PUNCT
faba-235	231	1	m&as	m&as	NOUN
faba-235	231	2	performance	performance	NOUN
faba-235	231	3	in	in	ADP
faba-235	231	4	the	the	DET
faba-235	231	5	european	european	ADJ
faba-235	231	6	financial	financial	ADJ
faba-235	231	7	industry	industry	NOUN
faba-235	231	8	.	.	PUNCT
faba-235	232	1	journal	journal	PROPN
faba-235	232	2	of	of	ADP
faba-235	232	3	banking	banking	NOUN
faba-235	232	4	&	&	CCONJ
faba-235	232	5	finance	finance	NOUN
faba-235	232	6	,	,	PUNCT
faba-235	232	7	30(12	30(12	NUM
faba-235	232	8	):	):	PUNCT
faba-235	232	9	3367	3367	NUM
faba-235	232	10	-	-	SYM
faba-235	232	11	3392	3392	NUM
faba-235	232	12	.	.	PUNCT
faba-235	233	1	https://doi.org/10.1016/j.jbankfin.2006.06.006	https://doi.org/10.1016/j.jbankfin.2006.06.006	PROPN
faba-235	233	2	.	.	PUNCT
faba-235	234	1	https://doi.org/10.1016/j.jeconbus.2007.02.003	https://doi.org/10.1016/j.jeconbus.2007.02.003	PROPN
faba-235	234	2	https://doi.org/10.1016/s0261-5606(02)00026-8	https://doi.org/10.1016/s0261-5606(02)00026-8	NOUN
faba-235	234	3	https://doi.org/10.1016/0378-4266(93)90030-h	https://doi.org/10.1016/0378-4266(93)90030-h	VERB
faba-235	234	4	https://doi.org/10.1016/j.jbankfin.2006.06.006	https://doi.org/10.1016/j.jbankfin.2006.06.006	PROPN
faba-235	234	5	daniel	daniel	PROPN
faba-235	234	6	dimitrov	dimitrov	PROPN
faba-235	234	7	/	/	SYM
faba-235	234	8	finance	finance	NOUN
faba-235	234	9	,	,	PUNCT
faba-235	234	10	accounting	accounting	NOUN
faba-235	234	11	and	and	CCONJ
faba-235	234	12	business	business	NOUN
faba-235	234	13	analysis	analysis	NOUN
faba-235	234	14	,	,	PUNCT
faba-235	234	15	volume	volume	NOUN
faba-235	234	16	6	6	NUM
faba-235	234	17	,	,	PUNCT
faba-235	234	18	issue	issue	NOUN
faba-235	234	19	2	2	NUM
faba-235	234	20	,	,	PUNCT
faba-235	234	21	2024	2024	NUM
faba-235	234	22	144	144	NUM
faba-235	234	23	deyoung	deyoung	PROPN
faba-235	234	24	,	,	PUNCT
faba-235	234	25	r.	r.	PROPN
faba-235	234	26	,	,	PUNCT
faba-235	234	27	d.	d.	PROPN
faba-235	234	28	d.	d.	PROPN
faba-235	234	29	evanoff	evanoff	PROPN
faba-235	234	30	,	,	PUNCT
faba-235	234	31	and	and	CCONJ
faba-235	234	32	p.	p.	PROPN
faba-235	234	33	molyneux	molyneux	PROPN
faba-235	234	34	.	.	PUNCT
faba-235	234	35	2009	2009	NUM
faba-235	234	36	.	.	PUNCT
faba-235	235	1	mergers	merger	NOUN
faba-235	235	2	and	and	CCONJ
faba-235	235	3	acquisitions	acquisition	NOUN
faba-235	235	4	of	of	ADP
faba-235	235	5	financial	financial	ADJ
faba-235	235	6	institutions	institution	NOUN
faba-235	235	7	:	:	PUNCT
faba-235	235	8	a	a	DET
faba-235	235	9	review	review	NOUN
faba-235	235	10	of	of	ADP
faba-235	235	11	the	the	DET
faba-235	235	12	post-2000	post-2000	ADJ
faba-235	235	13	literature	literature	NOUN
faba-235	235	14	.	.	PUNCT
faba-235	236	1	journal	journal	PROPN
faba-235	236	2	of	of	ADP
faba-235	236	3	financial	financial	ADJ
faba-235	236	4	services	service	NOUN
faba-235	236	5	research	research	NOUN
faba-235	236	6	,	,	PUNCT
faba-235	236	7	36(2	36(2	NUM
faba-235	236	8	-	-	SYM
faba-235	236	9	3	3	NUM
faba-235	236	10	):	):	PUNCT
faba-235	236	11	87	87	NUM
faba-235	236	12	-	-	SYM
faba-235	236	13	110	110	NUM
faba-235	236	14	.	.	PUNCT
faba-235	236	15	gaughan	gaughan	PROPN
faba-235	236	16	,	,	PUNCT
faba-235	236	17	p.	p.	NOUN
faba-235	236	18	a.	a.	NOUN
faba-235	236	19	2011	2011	NUM
faba-235	236	20	.	.	PUNCT
faba-235	237	1	mergers	merger	NOUN
faba-235	237	2	,	,	PUNCT
faba-235	237	3	acquisitions	acquisition	NOUN
faba-235	237	4	,	,	PUNCT
faba-235	237	5	and	and	CCONJ
faba-235	237	6	corporate	corporate	ADJ
faba-235	237	7	restructurings	restructuring	NOUN
faba-235	237	8	.	.	PUNCT
faba-235	238	1	john	john	PROPN
faba-235	238	2	wiley	wiley	PROPN
faba-235	238	3	&	&	CCONJ
faba-235	238	4	sons	son	NOUN
faba-235	238	5	.	.	PUNCT
faba-235	239	1	hannan	hannan	PROPN
faba-235	239	2	,	,	PUNCT
faba-235	239	3	t.	t.	PROPN
faba-235	239	4	h.	h.	PROPN
faba-235	239	5	,	,	PUNCT
faba-235	239	6	and	and	CCONJ
faba-235	239	7	s.	s.	PROPN
faba-235	239	8	j.	j.	PROPN
faba-235	239	9	pilloff	pilloff	PROPN
faba-235	239	10	.	.	PUNCT
faba-235	240	1	2009	2009	NUM
faba-235	240	2	.	.	PUNCT
faba-235	241	1	acquisition	acquisition	NOUN
faba-235	241	2	targets	target	NOUN
faba-235	241	3	and	and	CCONJ
faba-235	241	4	motives	motive	NOUN
faba-235	241	5	in	in	ADP
faba-235	241	6	the	the	DET
faba-235	241	7	banking	banking	NOUN
faba-235	241	8	industry	industry	NOUN
faba-235	241	9	.	.	PUNCT
faba-235	242	1	journal	journal	NOUN
faba-235	242	2	of	of	ADP
faba-235	242	3	money	money	NOUN
faba-235	242	4	,	,	PUNCT
faba-235	242	5	credit	credit	NOUN
faba-235	242	6	and	and	CCONJ
faba-235	242	7	banking	banking	NOUN
faba-235	242	8	,	,	PUNCT
faba-235	242	9	41(6	41(6	NUM
faba-235	242	10	):	):	PUNCT
faba-235	242	11	1167	1167	NUM
faba-235	242	12	-	-	SYM
faba-235	242	13	1197	1197	NUM
faba-235	242	14	.	.	PUNCT
faba-235	243	1	https://doi.org/10.1111/j.15384616.2009.00251.x	https://doi.org/10.1111/j.15384616.2009.00251.x	X
faba-235	243	2	.	.	PUNCT
faba-235	243	3	lensink	lensink	PROPN
faba-235	243	4	,	,	PUNCT
faba-235	243	5	r.	r.	PROPN
faba-235	243	6	,	,	PUNCT
faba-235	243	7	and	and	CCONJ
faba-235	243	8	i.	i.	PROPN
faba-235	243	9	maslennikova	maslennikova	PROPN
faba-235	243	10	.	.	PROPN
faba-235	244	1	2008	2008	NUM
faba-235	244	2	.	.	PUNCT
faba-235	245	1	value	value	NOUN
faba-235	245	2	performance	performance	NOUN
faba-235	245	3	of	of	ADP
faba-235	245	4	european	european	PROPN
faba-235	245	5	bank	bank	PROPN
faba-235	245	6	acquisitions	acquisition	NOUN
faba-235	245	7	.	.	PUNCT
faba-235	246	1	applied	apply	VERB
faba-235	246	2	financial	financial	ADJ
faba-235	246	3	economics	economic	NOUN
faba-235	246	4	,	,	PUNCT
faba-235	246	5	18(3	18(3	NUM
faba-235	246	6	):	):	PUNCT
faba-235	246	7	185	185	NUM
faba-235	246	8	-	-	SYM
faba-235	246	9	198	198	NUM
faba-235	246	10	.	.	PUNCT
faba-235	247	1	https://doi.org/10.1080/09603100601018781	https://doi.org/10.1080/09603100601018781	PROPN
faba-235	247	2	.	.	PUNCT
faba-235	248	1	pruteanu	pruteanu	PROPN
faba-235	248	2	-	-	PUNCT
faba-235	248	3	podpiera	podpiera	NOUN
faba-235	248	4	,	,	PUNCT
faba-235	248	5	a.	a.	PROPN
faba-235	248	6	,	,	PUNCT
faba-235	248	7	l.	l.	PROPN
faba-235	248	8	weill	weill	PROPN
faba-235	248	9	,	,	PUNCT
faba-235	248	10	and	and	CCONJ
faba-235	248	11	f.	f.	PROPN
faba-235	248	12	schobert	schobert	PROPN
faba-235	248	13	.	.	PUNCT
faba-235	249	1	2008	2008	NUM
faba-235	249	2	.	.	PUNCT
faba-235	250	1	banking	banking	NOUN
faba-235	250	2	competition	competition	NOUN
faba-235	250	3	and	and	CCONJ
faba-235	250	4	efficiency	efficiency	NOUN
faba-235	250	5	:	:	PUNCT
faba-235	250	6	a	a	DET
faba-235	250	7	micro	micro	ADJ
faba-235	250	8	-	-	ADJ
faba-235	250	9	data	data	ADJ
faba-235	250	10	analysis	analysis	NOUN
faba-235	250	11	on	on	ADP
faba-235	250	12	the	the	DET
faba-235	250	13	czech	czech	PROPN
faba-235	250	14	banking	banking	NOUN
faba-235	250	15	industry	industry	NOUN
faba-235	250	16	.	.	PUNCT
faba-235	251	1	50(2	50(2	NUM
faba-235	251	2	):	):	PUNCT
faba-235	251	3	253	253	NUM
faba-235	251	4	-	-	SYM
faba-235	251	5	273	273	NUM
faba-235	251	6	.	.	PUNCT
faba-235	252	1	punt	punt	NOUN
faba-235	252	2	,	,	PUNCT
faba-235	252	3	l.w	l.w	PROPN
faba-235	252	4	.	.	PROPN
faba-235	252	5	,	,	PUNCT
faba-235	252	6	and	and	CCONJ
faba-235	252	7	m.	m.	PROPN
faba-235	252	8	c.	c.	PROPN
faba-235	252	9	j.	j.	PROPN
faba-235	252	10	van	van	PROPN
faba-235	252	11	rooij	rooij	PROPN
faba-235	252	12	.	.	PUNCT
faba-235	253	1	2003	2003	NUM
faba-235	253	2	.	.	PUNCT
faba-235	254	1	the	the	DET
faba-235	254	2	profit	profit	NOUN
faba-235	254	3	-	-	PUNCT
faba-235	254	4	structure	structure	NOUN
faba-235	254	5	relationship	relationship	NOUN
faba-235	254	6	and	and	CCONJ
faba-235	254	7	mergers	merger	NOUN
faba-235	254	8	in	in	ADP
faba-235	254	9	the	the	DET
faba-235	254	10	european	european	PROPN
faba-235	254	11	banking	banking	NOUN
faba-235	254	12	industry	industry	NOUN
faba-235	254	13	:	:	PUNCT
faba-235	254	14	an	an	DET
faba-235	254	15	empirical	empirical	ADJ
faba-235	254	16	assessment	assessment	NOUN
faba-235	254	17	.	.	PUNCT
faba-235	255	1	kredit	kredit	PROPN
faba-235	255	2	und	und	PROPN
faba-235	255	3	kapital	kapital	PROPN
faba-235	255	4	,	,	PUNCT
faba-235	255	5	36(1	36(1	NUM
faba-235	255	6	):	):	PUNCT
faba-235	255	7	1	1	NUM
faba-235	255	8	-	-	SYM
faba-235	255	9	29	29	NUM
faba-235	255	10	.	.	PUNCT
faba-235	256	1	https://doi.org/10.1111/j.1538-4616.2009.00251.x	https://doi.org/10.1111/j.1538-4616.2009.00251.x	NOUN
faba-235	256	2	https://doi.org/10.1111/j.1538-4616.2009.00251.x	https://doi.org/10.1111/j.1538-4616.2009.00251.x	NOUN
faba-235	256	3	https://doi.org/10.1080/09603100601018781	https://doi.org/10.1080/09603100601018781	PUNCT