id	sid	tid	token	lemma	pos
faba-267	1	1	120	120	NUM
faba-267	1	2	finance	finance	NOUN
faba-267	1	3	,	,	PUNCT
faba-267	1	4	accounting	accounting	NOUN
faba-267	1	5	and	and	CCONJ
faba-267	1	6	business	business	NOUN
faba-267	1	7	analysis	analysis	NOUN
faba-267	1	8	volume	volume	NOUN
faba-267	1	9	7	7	NUM
faba-267	1	10	issue	issue	NOUN
faba-267	1	11	1	1	NUM
faba-267	1	12	,	,	PUNCT
faba-267	1	13	2025	2025	NUM
faba-267	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-267	1	15	issn	issn	VERB
faba-267	1	16	2603	2603	NUM
faba-267	1	17	-	-	SYM
faba-267	1	18	5324	5324	NUM
faba-267	1	19	doi	doi	NOUN
faba-267	1	20	:	:	PUNCT
faba-267	1	21	https://doi.org/10.37075/faba.2025.1.10	https://doi.org/10.37075/faba.2025.1.10	ADJ
faba-267	1	22	factors	factor	NOUN
faba-267	1	23	that	that	PRON
faba-267	1	24	influence	influence	NOUN
faba-267	1	25	dividend	dividend	NOUN
faba-267	1	26	policy	policy	NOUN
faba-267	1	27	:	:	PUNCT
faba-267	1	28	do	do	VERB
faba-267	1	29	macroeconomic	macroeconomic	ADJ
faba-267	1	30	factors	factor	NOUN
faba-267	1	31	matter	matter	ADV
faba-267	1	32	?	?	PUNCT
faba-267	2	1	emmanuel	emmanuel	PROPN
faba-267	2	2	kwame	kwame	PROPN
faba-267	2	3	doffour	doffour	VERB
faba-267	2	4	1	1	NUM
faba-267	2	5	*	*	PUNCT
faba-267	2	6	,	,	PUNCT
faba-267	2	7	emmanuel	emmanuel	PROPN
faba-267	2	8	boye	boye	PROPN
faba-267	2	9	asamoah2	asamoah2	PROPN
faba-267	2	10	,	,	PUNCT
faba-267	2	11	isaac	isaac	PROPN
faba-267	2	12	kwadwo	kwadwo	PROPN
faba-267	2	13	anim3	anim3	PROPN
faba-267	2	14	,	,	PUNCT
faba-267	2	15	eric	eric	PROPN
faba-267	2	16	agyenim	agyenim	PROPN
faba-267	2	17	-	-	PUNCT
faba-267	2	18	boateng4	boateng4	NOUN
faba-267	2	19	department	department	NOUN
faba-267	2	20	of	of	ADP
faba-267	2	21	accounting	accounting	PROPN
faba-267	2	22	,	,	PUNCT
faba-267	2	23	university	university	PROPN
faba-267	2	24	of	of	ADP
faba-267	2	25	cape	cape	PROPN
faba-267	2	26	coast	coast	PROPN
faba-267	2	27	,	,	PUNCT
faba-267	2	28	cape	cape	NOUN
faba-267	2	29	coast	coast	NOUN
faba-267	2	30	,	,	PUNCT
faba-267	2	31	ghana1	ghana1	PROPN
faba-267	2	32	department	department	PROPN
faba-267	2	33	of	of	ADP
faba-267	2	34	accounting	accounting	PROPN
faba-267	2	35	,	,	PUNCT
faba-267	2	36	university	university	PROPN
faba-267	2	37	of	of	ADP
faba-267	2	38	cape	cape	PROPN
faba-267	2	39	coast	coast	PROPN
faba-267	2	40	,	,	PUNCT
faba-267	2	41	cape	cape	NOUN
faba-267	2	42	coast	coast	NOUN
faba-267	2	43	,	,	PUNCT
faba-267	2	44	ghana2	ghana2	PROPN
faba-267	3	1	department	department	NOUN
faba-267	3	2	of	of	ADP
faba-267	3	3	accounting	accounting	PROPN
faba-267	3	4	,	,	PUNCT
faba-267	3	5	university	university	PROPN
faba-267	3	6	of	of	ADP
faba-267	3	7	cape	cape	PROPN
faba-267	3	8	coast	coast	PROPN
faba-267	3	9	,	,	PUNCT
faba-267	3	10	cape	cape	NOUN
faba-267	3	11	coast	coast	NOUN
faba-267	3	12	,	,	PUNCT
faba-267	3	13	ghana3	ghana3	NOUN
faba-267	3	14	directorate	directorate	NOUN
faba-267	3	15	of	of	ADP
faba-267	3	16	finance	finance	NOUN
faba-267	3	17	,	,	PUNCT
faba-267	3	18	university	university	NOUN
faba-267	3	19	of	of	ADP
faba-267	3	20	cape	cape	PROPN
faba-267	3	21	coast	coast	PROPN
faba-267	3	22	,	,	PUNCT
faba-267	3	23	cape	cape	NOUN
faba-267	3	24	coast	coast	NOUN
faba-267	3	25	,	,	PUNCT
faba-267	3	26	ghana4	ghana4	NOUN
faba-267	3	27	*	*	PUNCT
faba-267	3	28	corresponding	correspond	VERB
faba-267	3	29	author	author	NOUN
faba-267	3	30	info	info	NOUN
faba-267	3	31	articles	article	NOUN
faba-267	3	32	abstract	abstract	ADJ
faba-267	3	33	history	history	NOUN
faba-267	3	34	article	article	NOUN
faba-267	3	35	:	:	PUNCT
faba-267	3	36	submitted	submit	VERB
faba-267	3	37	14	14	NUM
faba-267	3	38	march	march	NOUN
faba-267	3	39	2025	2025	NUM
faba-267	3	40	revised	revise	VERB
faba-267	3	41	11	11	NUM
faba-267	3	42	may	may	AUX
faba-267	3	43	2025	2025	NUM
faba-267	3	44	accepted	accept	VERB
faba-267	3	45	29	29	NUM
faba-267	3	46	may	may	AUX
faba-267	3	47	2025	2025	NUM
faba-267	3	48	purpose	purpose	NOUN
faba-267	3	49	:	:	PUNCT
faba-267	3	50	this	this	DET
faba-267	3	51	research	research	NOUN
faba-267	3	52	examines	examine	VERB
faba-267	3	53	the	the	DET
faba-267	3	54	effects	effect	NOUN
faba-267	3	55	of	of	ADP
faba-267	3	56	macroeconomic	macroeconomic	ADJ
faba-267	3	57	variables	variable	NOUN
faba-267	3	58	(	(	PUNCT
faba-267	3	59	money	money	NOUN
faba-267	3	60	supply	supply	NOUN
faba-267	3	61	,	,	PUNCT
faba-267	3	62	interest	interest	NOUN
faba-267	3	63	rates	rate	NOUN
faba-267	3	64	,	,	PUNCT
faba-267	3	65	inflation	inflation	NOUN
faba-267	3	66	,	,	PUNCT
faba-267	3	67	and	and	CCONJ
faba-267	3	68	exchange	exchange	NOUN
faba-267	3	69	rates	rate	NOUN
faba-267	3	70	)	)	PUNCT
faba-267	3	71	on	on	ADP
faba-267	3	72	the	the	DET
faba-267	3	73	dividend	dividend	NOUN
faba-267	3	74	policies	policy	NOUN
faba-267	3	75	of	of	ADP
faba-267	3	76	firms	firm	NOUN
faba-267	3	77	in	in	ADP
faba-267	3	78	the	the	DET
faba-267	3	79	ghana	ghana	PROPN
faba-267	3	80	stock	stock	PROPN
faba-267	3	81	exchange	exchange	PROPN
faba-267	3	82	.	.	PUNCT
faba-267	4	1	design	design	NOUN
faba-267	4	2	/	/	SYM
faba-267	4	3	methodology	methodology	NOUN
faba-267	4	4	/	/	SYM
faba-267	4	5	approach	approach	NOUN
faba-267	4	6	:	:	PUNCT
faba-267	4	7	the	the	DET
faba-267	4	8	study	study	NOUN
faba-267	4	9	employed	employ	VERB
faba-267	4	10	panel	panel	NOUN
faba-267	4	11	data	datum	NOUN
faba-267	4	12	from	from	ADP
faba-267	4	13	23	23	NUM
faba-267	4	14	ghanaian	ghanaian	ADJ
faba-267	4	15	firms	firm	NOUN
faba-267	4	16	from	from	ADP
faba-267	4	17	2010	2010	NUM
faba-267	4	18	to	to	ADP
faba-267	4	19	2022	2022	NUM
faba-267	4	20	.	.	PUNCT
faba-267	5	1	to	to	PART
faba-267	5	2	overcome	overcome	VERB
faba-267	5	3	endogeneity	endogeneity	NOUN
faba-267	5	4	and	and	CCONJ
faba-267	5	5	unobserved	unobserved	ADJ
faba-267	5	6	heterogeneity	heterogeneity	NOUN
faba-267	5	7	,	,	PUNCT
faba-267	5	8	a	a	DET
faba-267	5	9	dynamic	dynamic	ADJ
faba-267	5	10	two	two	NUM
faba-267	5	11	-	-	PUNCT
faba-267	5	12	step	step	NOUN
faba-267	5	13	difference	difference	NOUN
faba-267	5	14	generalized	generalize	VERB
faba-267	5	15	method	method	NOUN
faba-267	5	16	of	of	ADP
faba-267	5	17	moments	moment	NOUN
faba-267	5	18	(	(	PUNCT
faba-267	5	19	gmm	gmm	NOUN
faba-267	5	20	)	)	PUNCT
faba-267	5	21	was	be	AUX
faba-267	5	22	used	use	VERB
faba-267	5	23	,	,	PUNCT
faba-267	5	24	employing	employ	VERB
faba-267	5	25	stata	stata	NOUN
faba-267	5	26	15	15	NUM
faba-267	5	27	for	for	ADP
faba-267	5	28	the	the	DET
faba-267	5	29	analysis	analysis	NOUN
faba-267	5	30	.	.	PUNCT
faba-267	6	1	findings	finding	NOUN
faba-267	6	2	:	:	PUNCT
faba-267	6	3	the	the	DET
faba-267	6	4	findings	finding	NOUN
faba-267	6	5	also	also	ADV
faba-267	6	6	show	show	VERB
faba-267	6	7	that	that	SCONJ
faba-267	6	8	money	money	NOUN
faba-267	6	9	supply	supply	NOUN
faba-267	6	10	,	,	PUNCT
faba-267	6	11	interest	interest	NOUN
faba-267	6	12	rates	rate	NOUN
faba-267	6	13	and	and	CCONJ
faba-267	6	14	inflation	inflation	NOUN
faba-267	6	15	have	have	VERB
faba-267	6	16	a	a	DET
faba-267	6	17	positive	positive	ADJ
faba-267	6	18	and	and	CCONJ
faba-267	6	19	significant	significant	ADJ
faba-267	6	20	effect	effect	NOUN
faba-267	6	21	on	on	ADP
faba-267	6	22	the	the	DET
faba-267	6	23	dividend	dividend	NOUN
faba-267	6	24	payout	payout	NOUN
faba-267	6	25	ratio	ratio	NOUN
faba-267	6	26	,	,	PUNCT
faba-267	6	27	while	while	SCONJ
faba-267	6	28	exchange	exchange	NOUN
faba-267	6	29	rates	rate	NOUN
faba-267	6	30	have	have	VERB
faba-267	6	31	a	a	DET
faba-267	6	32	significant	significant	ADJ
faba-267	6	33	inverse	inverse	ADJ
faba-267	6	34	effect	effect	NOUN
faba-267	6	35	on	on	ADP
faba-267	6	36	the	the	DET
faba-267	6	37	dividend	dividend	NOUN
faba-267	6	38	payout	payout	NOUN
faba-267	6	39	ratio	ratio	NOUN
faba-267	6	40	.	.	PUNCT
faba-267	7	1	practical	practical	ADJ
faba-267	7	2	implications	implication	NOUN
faba-267	7	3	:	:	PUNCT
faba-267	7	4	these	these	DET
faba-267	7	5	results	result	NOUN
faba-267	7	6	reveal	reveal	VERB
faba-267	7	7	that	that	SCONJ
faba-267	7	8	macroeconomic	macroeconomic	ADJ
faba-267	7	9	factors	factor	NOUN
faba-267	7	10	play	play	VERB
faba-267	7	11	a	a	DET
faba-267	7	12	significant	significant	ADJ
faba-267	7	13	part	part	NOUN
faba-267	7	14	in	in	ADP
faba-267	7	15	determining	determine	VERB
faba-267	7	16	dividend	dividend	NOUN
faba-267	7	17	policies	policy	NOUN
faba-267	7	18	in	in	ADP
faba-267	7	19	ghanaian	ghanaian	ADJ
faba-267	7	20	firms	firm	NOUN
faba-267	7	21	.	.	PUNCT
faba-267	8	1	the	the	DET
faba-267	8	2	study	study	NOUN
faba-267	8	3	has	have	VERB
faba-267	8	4	significant	significant	ADJ
faba-267	8	5	implications	implication	NOUN
faba-267	8	6	for	for	ADP
faba-267	8	7	corporate	corporate	ADJ
faba-267	8	8	managers	manager	NOUN
faba-267	8	9	in	in	ADP
faba-267	8	10	the	the	DET
faba-267	8	11	formulation	formulation	NOUN
faba-267	8	12	of	of	ADP
faba-267	8	13	dividend	dividend	NOUN
faba-267	8	14	policy	policy	NOUN
faba-267	8	15	,	,	PUNCT
faba-267	8	16	investors	investor	NOUN
faba-267	8	17	in	in	ADP
faba-267	8	18	evaluating	evaluate	VERB
faba-267	8	19	the	the	DET
faba-267	8	20	dividend	dividend	NOUN
faba-267	8	21	prospects	prospect	NOUN
faba-267	8	22	,	,	PUNCT
faba-267	8	23	and	and	CCONJ
faba-267	8	24	policymakers	policymaker	NOUN
faba-267	8	25	in	in	ADP
faba-267	8	26	the	the	DET
faba-267	8	27	realisation	realisation	NOUN
faba-267	8	28	of	of	ADP
faba-267	8	29	the	the	DET
faba-267	8	30	effects	effect	NOUN
faba-267	8	31	of	of	ADP
faba-267	8	32	macroeconomic	macroeconomic	ADJ
faba-267	8	33	policies	policy	NOUN
faba-267	8	34	on	on	ADP
faba-267	8	35	corporate	corporate	ADJ
faba-267	8	36	finance	finance	NOUN
faba-267	8	37	.	.	PUNCT
faba-267	9	1	originality	originality	NOUN
faba-267	9	2	/	/	SYM
faba-267	9	3	value	value	NOUN
faba-267	9	4	:	:	PUNCT
faba-267	9	5	this	this	DET
faba-267	9	6	research	research	NOUN
faba-267	9	7	provides	provide	VERB
faba-267	9	8	significant	significant	ADJ
faba-267	9	9	information	information	NOUN
faba-267	9	10	on	on	ADP
faba-267	9	11	the	the	DET
faba-267	9	12	relationship	relationship	NOUN
faba-267	9	13	between	between	ADP
faba-267	9	14	macroeconomic	macroeconomic	ADJ
faba-267	9	15	variables	variable	NOUN
faba-267	9	16	and	and	CCONJ
faba-267	9	17	firms	firm	NOUN
faba-267	9	18	’	’	PART
faba-267	9	19	dividend	dividend	NOUN
faba-267	9	20	decisions	decision	NOUN
faba-267	9	21	in	in	ADP
faba-267	9	22	ghana	ghana	PROPN
faba-267	9	23	.	.	PUNCT
faba-267	10	1	it	it	PRON
faba-267	10	2	builds	build	VERB
faba-267	10	3	on	on	ADP
faba-267	10	4	the	the	DET
faba-267	10	5	existing	exist	VERB
faba-267	10	6	literature	literature	NOUN
faba-267	10	7	by	by	ADP
faba-267	10	8	including	include	VERB
faba-267	10	9	a	a	DET
faba-267	10	10	wider	wide	ADJ
faba-267	10	11	set	set	NOUN
faba-267	10	12	of	of	ADP
faba-267	10	13	macroeconomic	macroeconomic	ADJ
faba-267	10	14	variables	variable	NOUN
faba-267	10	15	,	,	PUNCT
faba-267	10	16	unlike	unlike	ADP
faba-267	10	17	most	most	ADJ
faba-267	10	18	previous	previous	ADJ
faba-267	10	19	ghanaian	ghanaian	ADJ
faba-267	10	20	studies	study	NOUN
faba-267	10	21	that	that	PRON
faba-267	10	22	mainly	mainly	ADV
faba-267	10	23	focused	focus	VERB
faba-267	10	24	on	on	ADP
faba-267	10	25	firm	firm	ADJ
faba-267	10	26	-	-	PUNCT
faba-267	10	27	specific	specific	ADJ
faba-267	10	28	factors	factor	NOUN
faba-267	10	29	.	.	PUNCT
faba-267	11	1	paper	paper	NOUN
faba-267	11	2	type	type	NOUN
faba-267	11	3	:	:	PUNCT
faba-267	11	4	research	research	NOUN
faba-267	11	5	paper	paper	NOUN
faba-267	11	6	keywords	keyword	NOUN
faba-267	11	7	:	:	PUNCT
faba-267	11	8	dividend	dividend	NOUN
faba-267	11	9	policy	policy	NOUN
faba-267	11	10	,	,	PUNCT
faba-267	11	11	macroeconomic	macroeconomic	ADJ
faba-267	11	12	factors	factor	NOUN
faba-267	11	13	,	,	PUNCT
faba-267	11	14	generalized	generalized	ADJ
faba-267	11	15	method	method	NOUN
faba-267	11	16	of	of	ADP
faba-267	11	17	moments	moments	PROPN
faba-267	11	18	jel	jel	PROPN
faba-267	11	19	:	:	PUNCT
faba-267	11	20	g35	g35	PROPN
faba-267	11	21	,	,	PUNCT
faba-267	11	22	l25	l25	NOUN
faba-267	11	23	*	*	PUNCT
faba-267	11	24	address	address	NOUN
faba-267	11	25	correspondence	correspondence	NOUN
faba-267	11	26	:	:	PUNCT
faba-267	12	1	e	e	X
faba-267	12	2	-	-	NOUN
faba-267	12	3	mail	mail	NOUN
faba-267	12	4	:	:	PUNCT
faba-267	12	5	emmanueldoffour15@gmail.com1	emmanueldoffour15@gmail.com1	PROPN
faba-267	12	6	emeritus.asamoah@gmail.com2	emeritus.asamoah@gmail.com2	PROPN
faba-267	12	7	ianim@ucc.edu.gh3	ianim@ucc.edu.gh3	VERB
faba-267	12	8	eagyenim	eagyenim	ADJ
faba-267	12	9	-	-	PUNCT
faba-267	12	10	boateng@ucc.edu.gh4	boateng@ucc.edu.gh4	PROPN
faba-267	12	11	http://faba.bg/	http://faba.bg/	NOUN
faba-267	12	12	https://doi.org/10.37075/faba.2025.1.10	https://doi.org/10.37075/faba.2025.1.10	VERB
faba-267	12	13	https://orcid.org/0000-0001-7285-5575	https://orcid.org/0000-0001-7285-5575	PROPN
faba-267	12	14	https://orcid.org/0009-0001-6163-5021	https://orcid.org/0009-0001-6163-5021	PROPN
faba-267	12	15	https://orcid.org/0000-0002-5138-2307	https://orcid.org/0000-0002-5138-2307	NOUN
faba-267	12	16	https://orcid.org/0009-0000-7264-3599	https://orcid.org/0009-0000-7264-3599	NOUN
faba-267	12	17	doffour	doffour	NOUN
faba-267	12	18	,	,	PUNCT
faba-267	12	19	asamoah	asamoah	NOUN
faba-267	12	20	,	,	PUNCT
faba-267	12	21	anim	anim	NOUN
faba-267	12	22	,	,	PUNCT
faba-267	12	23	agyenim	agyenim	NOUN
faba-267	12	24	-	-	PUNCT
faba-267	12	25	boateng	boateng	NOUN
faba-267	12	26	/	/	SYM
faba-267	12	27	finance	finance	NOUN
faba-267	12	28	,	,	PUNCT
faba-267	12	29	accounting	accounting	NOUN
faba-267	12	30	and	and	CCONJ
faba-267	12	31	business	business	NOUN
faba-267	12	32	analysis	analysis	NOUN
faba-267	12	33	,	,	PUNCT
faba-267	12	34	volume	volume	NOUN
faba-267	12	35	7	7	NUM
faba-267	12	36	,	,	PUNCT
faba-267	12	37	issue1	issue1	ADV
faba-267	12	38	,	,	PUNCT
faba-267	12	39	2025	2025	NUM
faba-267	12	40	121	121	NUM
faba-267	12	41	introduction	introduction	NOUN
faba-267	12	42	the	the	DET
faba-267	12	43	rationale	rationale	NOUN
faba-267	12	44	for	for	ADP
faba-267	12	45	establishing	establish	VERB
faba-267	12	46	a	a	DET
faba-267	12	47	business	business	NOUN
faba-267	12	48	focuses	focus	VERB
faba-267	12	49	on	on	ADP
faba-267	12	50	clear	clear	ADJ
faba-267	12	51	objectives	objective	NOUN
faba-267	12	52	,	,	PUNCT
faba-267	12	53	notably	notably	ADV
faba-267	12	54	enhancing	enhance	VERB
faba-267	12	55	shareholders	shareholder	NOUN
faba-267	12	56	'	'	PART
faba-267	12	57	wealth	wealth	NOUN
faba-267	12	58	by	by	ADP
faba-267	12	59	increasing	increase	VERB
faba-267	12	60	market	market	NOUN
faba-267	12	61	value	value	NOUN
faba-267	12	62	(	(	PUNCT
faba-267	12	63	jensen	jensen	PROPN
faba-267	12	64	and	and	CCONJ
faba-267	12	65	meckling	meckle	VERB
faba-267	12	66	1976	1976	NUM
faba-267	12	67	)	)	PUNCT
faba-267	12	68	.	.	PUNCT
faba-267	13	1	shareholder	shareholder	NOUN
faba-267	13	2	wealth	wealth	NOUN
faba-267	13	3	can	can	AUX
faba-267	13	4	grow	grow	VERB
faba-267	13	5	through	through	ADP
faba-267	13	6	dividends	dividend	NOUN
faba-267	13	7	and	and	CCONJ
faba-267	13	8	capital	capital	NOUN
faba-267	13	9	appreciation	appreciation	NOUN
faba-267	13	10	,	,	PUNCT
faba-267	13	11	with	with	ADP
faba-267	13	12	dividend	dividend	NOUN
faba-267	13	13	policies	policy	NOUN
faba-267	13	14	influencing	influence	VERB
faba-267	13	15	how	how	SCONJ
faba-267	13	16	profits	profit	NOUN
faba-267	13	17	are	be	AUX
faba-267	13	18	distributed	distribute	VERB
faba-267	13	19	.	.	PUNCT
faba-267	14	1	various	various	ADJ
faba-267	14	2	approaches	approach	NOUN
faba-267	14	3	exist	exist	VERB
faba-267	14	4	,	,	PUNCT
faba-267	14	5	such	such	ADJ
faba-267	14	6	as	as	ADP
faba-267	14	7	fixed	fix	VERB
faba-267	14	8	payout	payout	NOUN
faba-267	14	9	ratios	ratio	NOUN
faba-267	14	10	and	and	CCONJ
faba-267	14	11	regular	regular	ADJ
faba-267	14	12	dividends	dividend	NOUN
faba-267	14	13	with	with	ADP
faba-267	14	14	special	special	ADJ
faba-267	14	15	payments	payment	NOUN
faba-267	14	16	(	(	PUNCT
faba-267	14	17	brigham	brigham	PROPN
faba-267	14	18	and	and	CCONJ
faba-267	14	19	houston	houston	PROPN
faba-267	14	20	2013	2013	NUM
faba-267	14	21	)	)	PUNCT
faba-267	14	22	.	.	PUNCT
faba-267	15	1	research	research	NOUN
faba-267	15	2	shows	show	VERB
faba-267	15	3	that	that	SCONJ
faba-267	15	4	higher	high	ADJ
faba-267	15	5	risk	risk	NOUN
faba-267	15	6	-	-	PUNCT
faba-267	15	7	averse	averse	ADJ
faba-267	15	8	investor	investor	NOUN
faba-267	15	9	populations	population	NOUN
faba-267	15	10	correlate	correlate	VERB
faba-267	15	11	with	with	ADP
faba-267	15	12	lower	low	ADJ
faba-267	15	13	dividends	dividend	NOUN
faba-267	15	14	(	(	PUNCT
faba-267	15	15	akyildirim	akyildirim	NOUN
faba-267	15	16	et	et	PROPN
faba-267	15	17	al	al	PROPN
faba-267	15	18	.	.	PROPN
faba-267	15	19	2014	2014	NUM
faba-267	15	20	)	)	PUNCT
faba-267	15	21	,	,	PUNCT
faba-267	15	22	while	while	SCONJ
faba-267	15	23	factors	factor	NOUN
faba-267	15	24	like	like	ADP
faba-267	15	25	profitability	profitability	NOUN
faba-267	15	26	,	,	PUNCT
faba-267	15	27	growth	growth	NOUN
faba-267	15	28	prospects	prospect	NOUN
faba-267	15	29	,	,	PUNCT
faba-267	15	30	and	and	CCONJ
faba-267	15	31	external	external	ADJ
faba-267	15	32	influences	influence	NOUN
faba-267	15	33	like	like	ADP
faba-267	15	34	economic	economic	ADJ
faba-267	15	35	policies	policy	NOUN
faba-267	15	36	also	also	ADV
faba-267	15	37	play	play	VERB
faba-267	15	38	significant	significant	ADJ
faba-267	15	39	roles	role	NOUN
faba-267	15	40	(	(	PUNCT
faba-267	15	41	khan	khan	PROPN
faba-267	15	42	et	et	PROPN
faba-267	15	43	al	al	PROPN
faba-267	15	44	.	.	PROPN
faba-267	15	45	2018	2018	NUM
faba-267	15	46	)	)	PUNCT
faba-267	15	47	.	.	PUNCT
faba-267	16	1	recent	recent	ADJ
faba-267	16	2	macroeconomic	macroeconomic	ADJ
faba-267	16	3	changes	change	NOUN
faba-267	16	4	driven	drive	VERB
faba-267	16	5	by	by	ADP
faba-267	16	6	globalisation	globalisation	NOUN
faba-267	16	7	and	and	CCONJ
faba-267	16	8	technology	technology	NOUN
faba-267	16	9	are	be	AUX
faba-267	16	10	crucial	crucial	ADJ
faba-267	16	11	for	for	ADP
faba-267	16	12	decision	decision	NOUN
faba-267	16	13	-	-	PUNCT
faba-267	16	14	making	making	NOUN
faba-267	16	15	in	in	ADP
faba-267	16	16	firms	firm	NOUN
faba-267	16	17	,	,	PUNCT
faba-267	16	18	as	as	SCONJ
faba-267	16	19	stock	stock	NOUN
faba-267	16	20	values	value	NOUN
faba-267	16	21	fluctuate	fluctuate	NOUN
faba-267	16	22	with	with	ADP
faba-267	16	23	interest	interest	NOUN
faba-267	16	24	and	and	CCONJ
faba-267	16	25	inflation	inflation	NOUN
faba-267	16	26	rates	rate	NOUN
faba-267	16	27	(	(	PUNCT
faba-267	16	28	fredrick	fredrick	NOUN
faba-267	16	29	2021	2021	NUM
faba-267	16	30	)	)	PUNCT
faba-267	16	31	,	,	PUNCT
faba-267	16	32	affecting	affect	VERB
faba-267	16	33	both	both	DET
faba-267	16	34	immediate	immediate	ADJ
faba-267	16	35	returns	return	NOUN
faba-267	16	36	and	and	CCONJ
faba-267	16	37	future	future	ADJ
faba-267	16	38	growth	growth	NOUN
faba-267	16	39	(	(	PUNCT
faba-267	16	40	kanwal	kanwal	NOUN
faba-267	16	41	and	and	CCONJ
faba-267	16	42	nadeem	nadeem	PROPN
faba-267	16	43	2013	2013	NUM
faba-267	16	44	)	)	PUNCT
faba-267	16	45	.	.	PUNCT
faba-267	17	1	black	black	ADJ
faba-267	17	2	(	(	PUNCT
faba-267	17	3	1976	1976	NUM
faba-267	17	4	)	)	PUNCT
faba-267	17	5	highlighted	highlight	VERB
faba-267	17	6	the	the	DET
faba-267	17	7	lack	lack	NOUN
faba-267	17	8	of	of	ADP
faba-267	17	9	strict	strict	ADJ
faba-267	17	10	guidelines	guideline	NOUN
faba-267	17	11	on	on	ADP
faba-267	17	12	dividend	dividend	NOUN
faba-267	17	13	payments	payment	NOUN
faba-267	17	14	versus	versus	ADP
faba-267	17	15	reinvestment	reinvestment	NOUN
faba-267	17	16	,	,	PUNCT
faba-267	17	17	leaving	leave	VERB
faba-267	17	18	ongoing	ongoing	ADJ
faba-267	17	19	questions	question	NOUN
faba-267	17	20	about	about	ADP
faba-267	17	21	dividend	dividend	NOUN
faba-267	17	22	policies	policy	NOUN
faba-267	17	23	.	.	PUNCT
faba-267	18	1	the	the	DET
faba-267	18	2	anchor	anchor	NOUN
faba-267	18	3	theory	theory	NOUN
faba-267	18	4	,	,	PUNCT
faba-267	18	5	based	base	VERB
faba-267	18	6	on	on	ADP
faba-267	18	7	the	the	DET
faba-267	18	8	bird	bird	NOUN
faba-267	18	9	-	-	PUNCT
faba-267	18	10	in	in	ADP
faba-267	18	11	-	-	PUNCT
faba-267	18	12	hand	hand	NOUN
faba-267	18	13	theory	theory	NOUN
faba-267	18	14	,	,	PUNCT
faba-267	18	15	suggests	suggest	VERB
faba-267	18	16	that	that	SCONJ
faba-267	18	17	economic	economic	ADJ
faba-267	18	18	uncertainty	uncertainty	NOUN
faba-267	18	19	may	may	AUX
faba-267	18	20	drive	drive	VERB
faba-267	18	21	investors	investor	NOUN
faba-267	18	22	to	to	PART
faba-267	18	23	prefer	prefer	VERB
faba-267	18	24	immediate	immediate	ADJ
faba-267	18	25	returns	return	NOUN
faba-267	18	26	(	(	PUNCT
faba-267	18	27	frankfurter	frankfurter	NOUN
faba-267	18	28	and	and	CCONJ
faba-267	18	29	wood	wood	NOUN
faba-267	18	30	2002	2002	NUM
faba-267	18	31	)	)	PUNCT
faba-267	18	32	.	.	PUNCT
faba-267	19	1	additionally	additionally	ADV
faba-267	19	2	,	,	PUNCT
faba-267	19	3	the	the	DET
faba-267	19	4	arbitrage	arbitrage	NOUN
faba-267	19	5	pricing	pricing	NOUN
faba-267	19	6	theory	theory	NOUN
faba-267	19	7	,	,	PUNCT
faba-267	19	8	introduced	introduce	VERB
faba-267	19	9	by	by	ADP
faba-267	19	10	ross	ross	PROPN
faba-267	19	11	(	(	PUNCT
faba-267	19	12	1976	1976	NUM
faba-267	19	13	)	)	PUNCT
faba-267	19	14	,	,	PUNCT
faba-267	19	15	emphasises	emphasise	VERB
faba-267	19	16	that	that	SCONJ
faba-267	19	17	multiple	multiple	ADJ
faba-267	19	18	factors	factor	NOUN
faba-267	19	19	can	can	AUX
faba-267	19	20	influence	influence	VERB
faba-267	19	21	investment	investment	NOUN
faba-267	19	22	return	return	NOUN
faba-267	19	23	strategies	strategy	NOUN
faba-267	19	24	.	.	PUNCT
faba-267	20	1	ghana	ghana	PROPN
faba-267	20	2	's	's	PART
faba-267	20	3	economy	economy	NOUN
faba-267	20	4	has	have	AUX
faba-267	20	5	shifted	shift	VERB
faba-267	20	6	from	from	ADP
faba-267	20	7	agriculture	agriculture	NOUN
faba-267	20	8	to	to	ADP
faba-267	20	9	a	a	DET
faba-267	20	10	more	more	ADV
faba-267	20	11	diverse	diverse	ADJ
faba-267	20	12	post	post	ADJ
faba-267	20	13	-	-	ADJ
faba-267	20	14	colonial	colonial	ADJ
faba-267	20	15	landscape	landscape	NOUN
faba-267	20	16	,	,	PUNCT
faba-267	20	17	with	with	ADP
faba-267	20	18	growth	growth	NOUN
faba-267	20	19	in	in	ADP
faba-267	20	20	manufacturing	manufacturing	NOUN
faba-267	20	21	,	,	PUNCT
faba-267	20	22	services	service	NOUN
faba-267	20	23	,	,	PUNCT
faba-267	20	24	and	and	CCONJ
faba-267	20	25	finance	finance	NOUN
faba-267	20	26	since	since	SCONJ
faba-267	20	27	the	the	DET
faba-267	20	28	ghana	ghana	PROPN
faba-267	20	29	stock	stock	PROPN
faba-267	20	30	exchange	exchange	PROPN
faba-267	20	31	's	's	PART
faba-267	20	32	inception	inception	NOUN
faba-267	20	33	in	in	ADP
faba-267	20	34	1990	1990	NUM
faba-267	20	35	(	(	PUNCT
faba-267	20	36	kolavalli	kolavalli	PROPN
faba-267	20	37	et	et	PROPN
faba-267	20	38	al	al	PROPN
faba-267	20	39	.	.	PROPN
faba-267	20	40	2012	2012	NUM
faba-267	20	41	;	;	PUNCT
faba-267	20	42	bokpin	bokpin	NOUN
faba-267	20	43	2011	2011	NUM
faba-267	20	44	)	)	PUNCT
faba-267	20	45	.	.	PUNCT
faba-267	21	1	in	in	ADP
faba-267	21	2	developing	develop	VERB
faba-267	21	3	countries	country	NOUN
faba-267	21	4	like	like	ADP
faba-267	21	5	ghana	ghana	PROPN
faba-267	21	6	,	,	PUNCT
faba-267	21	7	dividends	dividend	NOUN
faba-267	21	8	are	be	AUX
faba-267	21	9	key	key	ADJ
faba-267	21	10	for	for	ADP
faba-267	21	11	reliable	reliable	ADJ
faba-267	21	12	income	income	NOUN
faba-267	21	13	and	and	CCONJ
faba-267	21	14	financial	financial	ADJ
faba-267	21	15	stability	stability	NOUN
faba-267	21	16	,	,	PUNCT
faba-267	21	17	especially	especially	ADV
faba-267	21	18	in	in	ADP
faba-267	21	19	economic	economic	ADJ
faba-267	21	20	instability	instability	NOUN
faba-267	21	21	(	(	PUNCT
faba-267	21	22	marfo	marfo	ADJ
faba-267	21	23	-	-	PUNCT
faba-267	21	24	yiadom	yiadom	NOUN
faba-267	21	25	and	and	CCONJ
faba-267	21	26	agyei	agyei	NOUN
faba-267	21	27	2011	2011	NUM
faba-267	21	28	)	)	PUNCT
faba-267	21	29	.	.	PUNCT
faba-267	22	1	macroenvironmental	macroenvironmental	ADJ
faba-267	22	2	factors	factor	NOUN
faba-267	22	3	,	,	PUNCT
faba-267	22	4	often	often	ADV
faba-267	22	5	beyond	beyond	ADP
faba-267	22	6	a	a	DET
faba-267	22	7	company	company	NOUN
faba-267	22	8	's	's	PART
faba-267	22	9	control	control	NOUN
faba-267	22	10	,	,	PUNCT
faba-267	22	11	such	such	ADJ
faba-267	22	12	as	as	ADP
faba-267	22	13	high	high	ADJ
faba-267	22	14	inflation	inflation	NOUN
faba-267	22	15	and	and	CCONJ
faba-267	22	16	rising	rise	VERB
faba-267	22	17	interest	interest	NOUN
faba-267	22	18	rates	rate	NOUN
faba-267	22	19	,	,	PUNCT
faba-267	22	20	can	can	AUX
faba-267	22	21	negatively	negatively	ADV
faba-267	22	22	affect	affect	VERB
faba-267	22	23	corporate	corporate	ADJ
faba-267	22	24	earnings	earning	NOUN
faba-267	22	25	and	and	CCONJ
faba-267	22	26	dividends	dividend	NOUN
faba-267	22	27	(	(	PUNCT
faba-267	22	28	adelegan	adelegan	NOUN
faba-267	22	29	2009	2009	NUM
faba-267	22	30	;	;	PUNCT
faba-267	22	31	ghafoor	ghafoor	PROPN
faba-267	22	32	et	et	PROPN
faba-267	22	33	al	al	PROPN
faba-267	22	34	.	.	PROPN
faba-267	22	35	2014	2014	NUM
faba-267	22	36	)	)	PUNCT
faba-267	22	37	.	.	PUNCT
faba-267	23	1	the	the	DET
faba-267	23	2	capital	capital	NOUN
faba-267	23	3	market	market	NOUN
faba-267	23	4	is	be	AUX
faba-267	23	5	influenced	influence	VERB
faba-267	23	6	by	by	ADP
faba-267	23	7	gdp	gdp	NOUN
faba-267	23	8	growth	growth	NOUN
faba-267	23	9	,	,	PUNCT
faba-267	23	10	inflation	inflation	NOUN
faba-267	23	11	,	,	PUNCT
faba-267	23	12	and	and	CCONJ
faba-267	23	13	trade	trade	NOUN
faba-267	23	14	(	(	PUNCT
faba-267	23	15	kaimba	kaimba	NOUN
faba-267	23	16	2010	2010	NUM
faba-267	23	17	)	)	PUNCT
faba-267	23	18	.	.	PUNCT
faba-267	24	1	international	international	ADJ
faba-267	24	2	firms	firm	NOUN
faba-267	24	3	face	face	VERB
faba-267	24	4	challenges	challenge	NOUN
faba-267	24	5	from	from	ADP
faba-267	24	6	exchange	exchange	NOUN
faba-267	24	7	rate	rate	NOUN
faba-267	24	8	fluctuations	fluctuation	NOUN
faba-267	24	9	,	,	PUNCT
faba-267	24	10	impacting	impact	VERB
faba-267	24	11	costs	cost	NOUN
faba-267	24	12	and	and	CCONJ
faba-267	24	13	stock	stock	NOUN
faba-267	24	14	returns	return	NOUN
faba-267	24	15	(	(	PUNCT
faba-267	24	16	zghidi	zghidi	NOUN
faba-267	24	17	et	et	PROPN
faba-267	24	18	al	al	PROPN
faba-267	24	19	.	.	PROPN
faba-267	24	20	2016	2016	NUM
faba-267	24	21	)	)	PUNCT
faba-267	24	22	.	.	PUNCT
faba-267	25	1	taxation	taxation	NOUN
faba-267	25	2	and	and	CCONJ
faba-267	25	3	government	government	NOUN
faba-267	25	4	spending	spending	NOUN
faba-267	25	5	also	also	ADV
faba-267	25	6	affect	affect	VERB
faba-267	25	7	profits	profit	NOUN
faba-267	25	8	and	and	CCONJ
faba-267	25	9	dividend	dividend	NOUN
faba-267	25	10	capacity	capacity	NOUN
faba-267	25	11	(	(	PUNCT
faba-267	25	12	appiah	appiah	PROPN
faba-267	25	13	-	-	PUNCT
faba-267	25	14	kubi	kubi	PROPN
faba-267	25	15	et	et	PROPN
faba-267	25	16	al	al	PROPN
faba-267	25	17	.	.	PROPN
faba-267	25	18	2021	2021	NUM
faba-267	25	19	)	)	PUNCT
faba-267	25	20	,	,	PUNCT
faba-267	25	21	while	while	SCONJ
faba-267	25	22	political	political	ADJ
faba-267	25	23	fluctuations	fluctuation	NOUN
faba-267	25	24	lead	lead	VERB
faba-267	25	25	to	to	ADP
faba-267	25	26	reduced	reduce	VERB
faba-267	25	27	dividends	dividend	NOUN
faba-267	25	28	during	during	ADP
faba-267	25	29	uncertainty	uncertainty	NOUN
faba-267	25	30	(	(	PUNCT
faba-267	25	31	montes	monte	NOUN
faba-267	25	32	and	and	CCONJ
faba-267	25	33	nogueira	nogueira	PROPN
faba-267	25	34	2022	2022	NUM
faba-267	25	35	)	)	PUNCT
faba-267	25	36	.	.	PUNCT
faba-267	26	1	dividends	dividend	NOUN
faba-267	26	2	are	be	AUX
faba-267	26	3	critical	critical	ADJ
faba-267	26	4	for	for	ADP
faba-267	26	5	firms	firm	NOUN
faba-267	26	6	and	and	CCONJ
faba-267	26	7	shareholder	shareholder	NOUN
faba-267	26	8	returns	return	NOUN
faba-267	26	9	,	,	PUNCT
faba-267	26	10	particularly	particularly	ADV
faba-267	26	11	in	in	ADP
faba-267	26	12	ghana	ghana	PROPN
faba-267	26	13	,	,	PUNCT
faba-267	26	14	where	where	SCONJ
faba-267	26	15	limited	limited	ADJ
faba-267	26	16	investment	investment	NOUN
faba-267	26	17	opportunities	opportunity	NOUN
faba-267	26	18	create	create	VERB
faba-267	26	19	challenges	challenge	NOUN
faba-267	26	20	in	in	ADP
faba-267	26	21	balancing	balance	VERB
faba-267	26	22	regular	regular	ADJ
faba-267	26	23	dividends	dividend	NOUN
faba-267	26	24	and	and	CCONJ
faba-267	26	25	reinvestment	reinvestment	NOUN
faba-267	26	26	for	for	ADP
faba-267	26	27	growth	growth	NOUN
faba-267	26	28	(	(	PUNCT
faba-267	26	29	bossman	bossman	NOUN
faba-267	26	30	et	et	PROPN
faba-267	26	31	al	al	PROPN
faba-267	26	32	.	.	PROPN
faba-267	26	33	2022	2022	NUM
faba-267	26	34	;	;	PUNCT
faba-267	26	35	enyan	enyan	VERB
faba-267	26	36	2009	2009	NUM
faba-267	26	37	)	)	PUNCT
faba-267	26	38	.	.	PUNCT
faba-267	27	1	although	although	SCONJ
faba-267	27	2	research	research	NOUN
faba-267	27	3	on	on	ADP
faba-267	27	4	global	global	ADJ
faba-267	27	5	dividend	dividend	NOUN
faba-267	27	6	policies	policy	NOUN
faba-267	27	7	is	be	AUX
faba-267	27	8	extensive	extensive	ADJ
faba-267	27	9	(	(	PUNCT
faba-267	27	10	rój	rój	NOUN
faba-267	27	11	2019	2019	NUM
faba-267	27	12	;	;	PUNCT
faba-267	27	13	kaźmierska	kaźmierska	PROPN
faba-267	27	14	-	-	PUNCT
faba-267	27	15	jóźwiak	jóźwiak	PROPN
faba-267	27	16	2015	2015	NUM
faba-267	27	17	)	)	PUNCT
faba-267	27	18	,	,	PUNCT
faba-267	27	19	the	the	DET
faba-267	27	20	specific	specific	ADJ
faba-267	27	21	impacts	impact	NOUN
faba-267	27	22	of	of	ADP
faba-267	27	23	macroeconomic	macroeconomic	ADJ
faba-267	27	24	factors	factor	NOUN
faba-267	27	25	in	in	ADP
faba-267	27	26	ghana	ghana	PROPN
faba-267	27	27	remain	remain	VERB
faba-267	27	28	underexplored	underexplored	ADJ
faba-267	27	29	,	,	PUNCT
faba-267	27	30	especially	especially	ADV
faba-267	27	31	regarding	regard	VERB
faba-267	27	32	high	high	ADJ
faba-267	27	33	inflation	inflation	NOUN
faba-267	27	34	,	,	PUNCT
faba-267	27	35	exchange	exchange	NOUN
faba-267	27	36	rates	rate	NOUN
faba-267	27	37	,	,	PUNCT
faba-267	27	38	and	and	CCONJ
faba-267	27	39	rising	rise	VERB
faba-267	27	40	interest	interest	NOUN
faba-267	27	41	rates	rate	NOUN
faba-267	27	42	,	,	PUNCT
faba-267	27	43	which	which	PRON
faba-267	27	44	can	can	AUX
faba-267	27	45	constrain	constrain	VERB
faba-267	27	46	dividend	dividend	NOUN
faba-267	27	47	capacity	capacity	NOUN
faba-267	27	48	(	(	PUNCT
faba-267	27	49	abor	abor	NOUN
faba-267	27	50	and	and	CCONJ
faba-267	27	51	bokpin	bokpin	NOUN
faba-267	27	52	2010	2010	NUM
faba-267	27	53	)	)	PUNCT
faba-267	27	54	.	.	PUNCT
faba-267	28	1	this	this	DET
faba-267	28	2	study	study	NOUN
faba-267	28	3	uniquely	uniquely	ADV
faba-267	28	4	analyses	analyse	VERB
faba-267	28	5	the	the	DET
faba-267	28	6	effects	effect	NOUN
faba-267	28	7	of	of	ADP
faba-267	28	8	macroeconomic	macroeconomic	ADJ
faba-267	28	9	factors	factor	NOUN
faba-267	28	10	,	,	PUNCT
faba-267	28	11	namely	namely	ADV
faba-267	28	12	,	,	PUNCT
faba-267	28	13	money	money	NOUN
faba-267	28	14	supply	supply	NOUN
faba-267	28	15	,	,	PUNCT
faba-267	28	16	exchange	exchange	NOUN
faba-267	28	17	rates	rate	NOUN
faba-267	28	18	,	,	PUNCT
faba-267	28	19	interest	interest	NOUN
faba-267	28	20	rates	rate	NOUN
faba-267	28	21	,	,	PUNCT
faba-267	28	22	and	and	CCONJ
faba-267	28	23	inflation	inflation	NOUN
faba-267	28	24	,	,	PUNCT
faba-267	28	25	on	on	ADP
faba-267	28	26	dividend	dividend	NOUN
faba-267	28	27	policy	policy	NOUN
faba-267	28	28	for	for	ADP
faba-267	28	29	financial	financial	ADJ
faba-267	28	30	and	and	CCONJ
faba-267	28	31	non	non	ADJ
faba-267	28	32	-	-	ADJ
faba-267	28	33	financial	financial	ADJ
faba-267	28	34	firms	firm	NOUN
faba-267	28	35	in	in	ADP
faba-267	28	36	ghana	ghana	PROPN
faba-267	28	37	,	,	PUNCT
faba-267	28	38	as	as	SCONJ
faba-267	28	39	these	these	DET
faba-267	28	40	factors	factor	NOUN
faba-267	28	41	exert	exert	VERB
faba-267	28	42	cross	cross	ADJ
faba-267	28	43	-	-	ADJ
faba-267	28	44	sectoral	sectoral	ADJ
faba-267	28	45	impacts	impact	NOUN
faba-267	28	46	that	that	PRON
faba-267	28	47	affect	affect	VERB
faba-267	28	48	firms	firm	NOUN
faba-267	28	49	regardless	regardless	ADV
faba-267	28	50	of	of	ADP
faba-267	28	51	industry	industry	NOUN
faba-267	28	52	or	or	CCONJ
faba-267	28	53	sector	sector	NOUN
faba-267	28	54	.	.	PUNCT
faba-267	29	1	also	also	ADV
faba-267	29	2	,	,	PUNCT
faba-267	29	3	both	both	PRON
faba-267	29	4	were	be	AUX
faba-267	29	5	incorporated	incorporate	VERB
faba-267	29	6	to	to	PART
faba-267	29	7	increase	increase	VERB
faba-267	29	8	data	data	NOUN
faba-267	29	9	variation	variation	NOUN
faba-267	29	10	and	and	CCONJ
faba-267	29	11	sample	sample	NOUN
faba-267	29	12	size	size	NOUN
faba-267	29	13	which	which	PRON
faba-267	29	14	enhances	enhance	VERB
faba-267	29	15	statistical	statistical	ADJ
faba-267	29	16	power	power	NOUN
faba-267	29	17	and	and	CCONJ
faba-267	29	18	robustness	robustness	NOUN
faba-267	29	19	in	in	ADP
faba-267	29	20	a	a	DET
faba-267	29	21	gmm	gmm	NOUN
faba-267	29	22	analysis	analysis	NOUN
faba-267	29	23	as	as	ADV
faba-267	29	24	well	well	ADV
faba-267	29	25	as	as	ADP
faba-267	29	26	generalisation	generalisation	NOUN
faba-267	29	27	.	.	PUNCT
faba-267	30	1	the	the	DET
faba-267	30	2	research	research	NOUN
faba-267	30	3	aims	aim	VERB
faba-267	30	4	to	to	PART
faba-267	30	5	fill	fill	VERB
faba-267	30	6	a	a	DET
faba-267	30	7	gap	gap	NOUN
faba-267	30	8	in	in	ADP
faba-267	30	9	understanding	understand	VERB
faba-267	30	10	the	the	DET
faba-267	30	11	impact	impact	NOUN
faba-267	30	12	of	of	ADP
faba-267	30	13	these	these	DET
faba-267	30	14	variables	variable	NOUN
faba-267	30	15	,	,	PUNCT
faba-267	30	16	with	with	ADP
faba-267	30	17	specific	specific	ADJ
faba-267	30	18	objectives	objective	NOUN
faba-267	30	19	to	to	PART
faba-267	30	20	assess	assess	VERB
faba-267	30	21	how	how	SCONJ
faba-267	30	22	each	each	DET
faba-267	30	23	factor	factor	NOUN
faba-267	30	24	influences	influence	VERB
faba-267	30	25	dividend	dividend	NOUN
faba-267	30	26	policy	policy	NOUN
faba-267	30	27	..	..	PUNCT
faba-267	31	1	literature	literature	NOUN
faba-267	31	2	review	review	VERB
faba-267	31	3	theoretical	theoretical	ADJ
faba-267	31	4	review	review	NOUN
faba-267	31	5	bird	bird	NOUN
faba-267	31	6	-	-	PUNCT
faba-267	31	7	in	in	ADP
faba-267	31	8	-	-	PUNCT
faba-267	31	9	hand	hand	NOUN
faba-267	31	10	theory	theory	NOUN
faba-267	31	11	the	the	DET
faba-267	31	12	dividend	dividend	NOUN
faba-267	31	13	irrelevance	irrelevance	NOUN
faba-267	31	14	argument	argument	NOUN
faba-267	31	15	is	be	AUX
faba-267	31	16	contested	contest	VERB
faba-267	31	17	by	by	ADP
faba-267	31	18	the	the	DET
faba-267	31	19	bird	bird	NOUN
faba-267	31	20	-	-	PUNCT
faba-267	31	21	in	in	ADP
faba-267	31	22	-	-	PUNCT
faba-267	31	23	hand	hand	NOUN
faba-267	31	24	theory	theory	NOUN
faba-267	31	25	,	,	PUNCT
faba-267	31	26	which	which	PRON
faba-267	31	27	was	be	AUX
faba-267	31	28	first	first	ADV
faba-267	31	29	proposed	propose	VERB
faba-267	31	30	by	by	ADP
faba-267	31	31	gordon	gordon	PROPN
faba-267	31	32	and	and	CCONJ
faba-267	31	33	lintner	lintner	VERB
faba-267	31	34	in	in	ADP
faba-267	31	35	the	the	DET
faba-267	31	36	1960s	1960	NOUN
faba-267	31	37	.	.	PUNCT
faba-267	32	1	it	it	PRON
faba-267	32	2	highlights	highlight	VERB
faba-267	32	3	that	that	SCONJ
faba-267	32	4	investors	investor	NOUN
faba-267	32	5	would	would	AUX
faba-267	32	6	rather	rather	ADV
faba-267	32	7	have	have	VERB
faba-267	32	8	the	the	DET
faba-267	32	9	assurance	assurance	NOUN
faba-267	32	10	of	of	ADP
faba-267	32	11	dividends	dividend	NOUN
faba-267	32	12	than	than	ADP
faba-267	32	13	the	the	DET
faba-267	32	14	uncertainty	uncertainty	NOUN
faba-267	32	15	of	of	ADP
faba-267	32	16	potential	potential	ADJ
faba-267	32	17	capital	capital	NOUN
faba-267	32	18	appreciation	appreciation	NOUN
faba-267	32	19	(	(	PUNCT
faba-267	32	20	gordon	gordon	PROPN
faba-267	32	21	1963	1963	NUM
faba-267	32	22	)	)	PUNCT
faba-267	32	23	.	.	PUNCT
faba-267	33	1	according	accord	VERB
faba-267	33	2	to	to	ADP
faba-267	33	3	baker	baker	PROPN
faba-267	33	4	and	and	CCONJ
faba-267	33	5	powell	powell	PROPN
faba-267	33	6	(	(	PUNCT
faba-267	33	7	1999	1999	NUM
faba-267	33	8	)	)	PUNCT
faba-267	33	9	,	,	PUNCT
faba-267	33	10	this	this	DET
faba-267	33	11	uncertainty	uncertainty	NOUN
faba-267	33	12	makes	make	VERB
faba-267	33	13	shareholders	shareholder	NOUN
faba-267	33	14	value	value	VERB
faba-267	33	15	an	an	DET
faba-267	33	16	amount	amount	NOUN
faba-267	33	17	of	of	ADP
faba-267	33	18	anticipated	anticipate	VERB
faba-267	33	19	dividends	dividend	NOUN
faba-267	33	20	more	more	ADV
faba-267	33	21	highly	highly	ADV
faba-267	33	22	than	than	ADP
faba-267	33	23	a	a	DET
faba-267	33	24	dollar	dollar	NOUN
faba-267	33	25	of	of	ADP
faba-267	33	26	anticipated	anticipate	VERB
faba-267	33	27	stock	stock	NOUN
faba-267	33	28	appreciation	appreciation	NOUN
faba-267	33	29	.	.	PUNCT
faba-267	34	1	additionally	additionally	ADV
faba-267	34	2	,	,	PUNCT
faba-267	34	3	the	the	DET
faba-267	34	4	theory	theory	NOUN
faba-267	34	5	posits	posit	NOUN
faba-267	34	6	that	that	PRON
faba-267	34	7	dividend	dividend	NOUN
faba-267	34	8	payments	payment	NOUN
faba-267	34	9	reduce	reduce	VERB
faba-267	34	10	investor	investor	NOUN
faba-267	34	11	uncertainty	uncertainty	NOUN
faba-267	34	12	,	,	PUNCT
faba-267	34	13	leading	lead	VERB
faba-267	34	14	to	to	ADP
faba-267	34	15	a	a	DET
faba-267	34	16	lower	low	ADJ
faba-267	34	17	discount	discount	NOUN
faba-267	34	18	rate	rate	NOUN
faba-267	34	19	for	for	ADP
faba-267	34	20	dividends	dividend	NOUN
faba-267	34	21	compared	compare	VERB
faba-267	34	22	to	to	ADP
faba-267	34	23	potential	potential	ADJ
faba-267	34	24	capital	capital	NOUN
faba-267	34	25	gains	gain	NOUN
faba-267	34	26	(	(	PUNCT
faba-267	34	27	gordon	gordon	PROPN
faba-267	34	28	and	and	CCONJ
faba-267	34	29	shapiro	shapiro	PROPN
faba-267	34	30	1956	1956	NUM
faba-267	34	31	)	)	PUNCT
faba-267	34	32	.	.	PUNCT
faba-267	35	1	the	the	DET
faba-267	35	2	theory	theory	NOUN
faba-267	35	3	suggests	suggest	VERB
faba-267	35	4	that	that	SCONJ
faba-267	35	5	a	a	DET
faba-267	35	6	higher	high	ADJ
faba-267	35	7	dividend	dividend	NOUN
faba-267	35	8	payout	payout	NOUN
faba-267	35	9	ratio	ratio	NOUN
faba-267	35	10	corresponds	correspond	NOUN
faba-267	35	11	with	with	ADP
faba-267	35	12	increased	increase	VERB
faba-267	35	13	stock	stock	NOUN
faba-267	35	14	valuations	valuation	NOUN
faba-267	35	15	,	,	PUNCT
faba-267	35	16	as	as	SCONJ
faba-267	35	17	investors	investor	NOUN
faba-267	35	18	favour	favour	VERB
faba-267	35	19	the	the	DET
faba-267	35	20	immediate	immediate	ADJ
faba-267	35	21	certainty	certainty	NOUN
faba-267	35	22	of	of	ADP
faba-267	35	23	dividends	dividend	NOUN
faba-267	35	24	(	(	PUNCT
faba-267	35	25	gordon	gordon	PROPN
faba-267	35	26	1959	1959	NUM
faba-267	35	27	)	)	PUNCT
faba-267	35	28	.	.	PUNCT
faba-267	36	1	moreover	moreover	ADV
faba-267	36	2	,	,	PUNCT
faba-267	36	3	it	it	PRON
faba-267	36	4	highlights	highlight	VERB
faba-267	36	5	that	that	SCONJ
faba-267	36	6	macroeconomic	macroeconomic	ADJ
faba-267	36	7	volatility	volatility	NOUN
faba-267	36	8	heightens	heighten	VERB
faba-267	36	9	the	the	DET
faba-267	36	10	preference	preference	NOUN
faba-267	36	11	for	for	ADP
faba-267	36	12	immediate	immediate	ADJ
faba-267	36	13	cash	cash	NOUN
faba-267	36	14	returns	return	NOUN
faba-267	36	15	,	,	PUNCT
faba-267	36	16	influencing	influence	VERB
faba-267	36	17	corporate	corporate	ADJ
faba-267	36	18	dividend	dividend	NOUN
faba-267	36	19	decisions	decision	NOUN
faba-267	36	20	during	during	ADP
faba-267	36	21	unstable	unstable	ADJ
faba-267	36	22	times	time	NOUN
faba-267	36	23	(	(	PUNCT
faba-267	36	24	frankfurter	frankfurter	NOUN
faba-267	36	25	and	and	CCONJ
faba-267	36	26	wood	wood	NOUN
faba-267	36	27	2002	2002	NUM
faba-267	36	28	)	)	PUNCT
faba-267	36	29	.	.	PUNCT
faba-267	37	1	thus	thus	ADV
faba-267	37	2	,	,	PUNCT
faba-267	37	3	firms	firm	NOUN
faba-267	37	4	may	may	AUX
faba-267	37	5	strategically	strategically	ADV
faba-267	37	6	increase	increase	VERB
faba-267	37	7	the	the	DET
faba-267	37	8	dividend	dividend	NOUN
faba-267	37	9	payout	payout	NOUN
faba-267	37	10	ratio	ratio	NOUN
faba-267	37	11	when	when	SCONJ
faba-267	37	12	facing	face	VERB
faba-267	37	13	greater	great	ADJ
faba-267	37	14	economic	economic	ADJ
faba-267	37	15	uncertainty	uncertainty	NOUN
faba-267	37	16	.	.	PUNCT
faba-267	38	1	arbitrage	arbitrage	NOUN
faba-267	38	2	pricing	pricing	NOUN
faba-267	38	3	theory	theory	NOUN
faba-267	38	4	(	(	PUNCT
faba-267	38	5	apt	apt	ADJ
faba-267	38	6	)	)	PUNCT
faba-267	38	7	apt	apt	ADJ
faba-267	38	8	,	,	PUNCT
faba-267	38	9	established	establish	VERB
faba-267	38	10	by	by	ADP
faba-267	38	11	ross	ross	PROPN
faba-267	38	12	in	in	ADP
faba-267	38	13	1976	1976	NUM
faba-267	38	14	,	,	PUNCT
faba-267	38	15	explains	explain	VERB
faba-267	38	16	asset	asset	NOUN
faba-267	38	17	returns	return	NOUN
faba-267	38	18	as	as	ADP
faba-267	38	19	a	a	DET
faba-267	38	20	linear	linear	ADJ
faba-267	38	21	function	function	NOUN
faba-267	38	22	of	of	ADP
faba-267	38	23	multiple	multiple	ADJ
faba-267	38	24	macroeconomic	macroeconomic	ADJ
faba-267	38	25	factors	factor	NOUN
faba-267	38	26	.	.	PUNCT
faba-267	39	1	this	this	DET
faba-267	39	2	theory	theory	NOUN
faba-267	39	3	posits	posit	VERB
faba-267	39	4	that	that	SCONJ
faba-267	39	5	investment	investment	NOUN
faba-267	39	6	returns	return	NOUN
faba-267	39	7	are	be	AUX
faba-267	39	8	influenced	influence	VERB
faba-267	39	9	by	by	ADP
faba-267	39	10	various	various	ADJ
faba-267	39	11	factors	factor	NOUN
faba-267	39	12	related	relate	VERB
faba-267	39	13	to	to	ADP
faba-267	39	14	future	future	ADJ
faba-267	39	15	dividends	dividend	NOUN
faba-267	39	16	and	and	CCONJ
faba-267	39	17	discount	discount	NOUN
faba-267	39	18	rates	rate	NOUN
faba-267	39	19	(	(	PUNCT
faba-267	39	20	shrestha	shrestha	NOUN
faba-267	39	21	and	and	CCONJ
faba-267	39	22	subedi	subedi	ADJ
faba-267	39	23	2014	2014	NUM
faba-267	39	24	)	)	PUNCT
faba-267	39	25	.	.	PUNCT
faba-267	40	1	it	it	PRON
faba-267	40	2	assumes	assume	VERB
faba-267	40	3	that	that	SCONJ
faba-267	40	4	systematic	systematic	ADJ
faba-267	40	5	risk	risk	NOUN
faba-267	40	6	characterises	characterise	VERB
faba-267	40	7	project	project	NOUN
faba-267	40	8	portfolios	portfolio	NOUN
faba-267	40	9	and	and	CCONJ
faba-267	40	10	that	that	SCONJ
faba-267	40	11	while	while	SCONJ
faba-267	40	12	some	some	DET
faba-267	40	13	risks	risk	NOUN
faba-267	40	14	can	can	AUX
faba-267	40	15	be	be	AUX
faba-267	40	16	diversified	diversify	VERB
faba-267	40	17	,	,	PUNCT
faba-267	40	18	pure	pure	ADJ
faba-267	40	19	risks	risk	NOUN
faba-267	40	20	do	do	AUX
faba-267	40	21	not	not	PART
faba-267	40	22	exist	exist	VERB
faba-267	40	23	in	in	ADP
faba-267	40	24	this	this	DET
faba-267	40	25	doffour	doffour	NOUN
faba-267	40	26	,	,	PUNCT
faba-267	40	27	asamoah	asamoah	NOUN
faba-267	40	28	,	,	PUNCT
faba-267	40	29	anim	anim	NOUN
faba-267	40	30	,	,	PUNCT
faba-267	40	31	agyenim	agyenim	NOUN
faba-267	40	32	-	-	PUNCT
faba-267	40	33	boateng	boateng	NOUN
faba-267	40	34	/	/	SYM
faba-267	40	35	finance	finance	NOUN
faba-267	40	36	,	,	PUNCT
faba-267	40	37	accounting	accounting	NOUN
faba-267	40	38	and	and	CCONJ
faba-267	40	39	business	business	NOUN
faba-267	40	40	analysis	analysis	NOUN
faba-267	40	41	,	,	PUNCT
faba-267	40	42	volume	volume	NOUN
faba-267	40	43	7	7	NUM
faba-267	40	44	,	,	PUNCT
faba-267	40	45	issue1	issue1	ADV
faba-267	40	46	,	,	PUNCT
faba-267	40	47	2025	2025	NUM
faba-267	40	48	122	122	NUM
faba-267	40	49	process	process	NOUN
faba-267	40	50	.	.	PUNCT
faba-267	41	1	however	however	ADV
faba-267	41	2	,	,	PUNCT
faba-267	41	3	the	the	DET
faba-267	41	4	model	model	NOUN
faba-267	41	5	has	have	VERB
faba-267	41	6	limitations	limitation	NOUN
faba-267	41	7	,	,	PUNCT
faba-267	41	8	including	include	VERB
faba-267	41	9	uncertainty	uncertainty	NOUN
faba-267	41	10	about	about	ADP
faba-267	41	11	which	which	PRON
faba-267	41	12	factors	factor	NOUN
faba-267	41	13	determine	determine	VERB
faba-267	41	14	individual	individual	ADJ
faba-267	41	15	assets	asset	NOUN
faba-267	41	16	(	(	PUNCT
faba-267	41	17	ross	ross	PROPN
faba-267	41	18	2013	2013	NUM
faba-267	41	19	)	)	PUNCT
faba-267	41	20	.	.	PUNCT
faba-267	42	1	it	it	PRON
faba-267	42	2	assumes	assume	VERB
faba-267	42	3	a	a	DET
faba-267	42	4	perfect	perfect	ADJ
faba-267	42	5	market	market	NOUN
faba-267	42	6	,	,	PUNCT
faba-267	42	7	which	which	PRON
faba-267	42	8	is	be	AUX
faba-267	42	9	unrealistic	unrealistic	ADJ
faba-267	42	10	in	in	ADP
faba-267	42	11	practice	practice	NOUN
faba-267	42	12	(	(	PUNCT
faba-267	42	13	dhrymes	dhryme	NOUN
faba-267	42	14	et	et	PROPN
faba-267	42	15	al	al	PROPN
faba-267	42	16	.	.	PROPN
faba-267	42	17	1984	1984	NUM
faba-267	42	18	)	)	PUNCT
faba-267	42	19	,	,	PUNCT
faba-267	42	20	and	and	CCONJ
faba-267	42	21	acknowledges	acknowledge	VERB
faba-267	42	22	that	that	SCONJ
faba-267	42	23	different	different	ADJ
faba-267	42	24	stocks	stock	NOUN
faba-267	42	25	may	may	AUX
faba-267	42	26	respond	respond	VERB
faba-267	42	27	differently	differently	ADV
faba-267	42	28	to	to	ADP
faba-267	42	29	various	various	ADJ
faba-267	42	30	risks	risk	NOUN
faba-267	42	31	(	(	PUNCT
faba-267	42	32	chen	chen	PROPN
faba-267	42	33	et	et	PROPN
faba-267	42	34	al	al	PROPN
faba-267	42	35	.	.	PROPN
faba-267	42	36	1986	1986	NUM
faba-267	42	37	)	)	PUNCT
faba-267	42	38	.	.	PUNCT
faba-267	43	1	the	the	DET
faba-267	43	2	apt	apt	ADJ
faba-267	43	3	correlates	correlate	VERB
faba-267	43	4	investment	investment	NOUN
faba-267	43	5	returns	return	NOUN
faba-267	43	6	with	with	ADP
faba-267	43	7	discount	discount	NOUN
faba-267	43	8	rates	rate	NOUN
faba-267	43	9	and	and	CCONJ
faba-267	43	10	future	future	ADJ
faba-267	43	11	dividends	dividend	NOUN
faba-267	43	12	(	(	PUNCT
faba-267	43	13	mukherjee	mukherjee	NOUN
faba-267	43	14	and	and	CCONJ
faba-267	43	15	naka	naka	PROPN
faba-267	43	16	1995	1995	NUM
faba-267	43	17	)	)	PUNCT
faba-267	43	18	,	,	PUNCT
faba-267	43	19	while	while	SCONJ
faba-267	43	20	also	also	ADV
faba-267	43	21	providing	provide	VERB
faba-267	43	22	an	an	DET
faba-267	43	23	understanding	understanding	NOUN
faba-267	43	24	of	of	ADP
faba-267	43	25	corporate	corporate	ADJ
faba-267	43	26	planning	planning	NOUN
faba-267	43	27	(	(	PUNCT
faba-267	43	28	burmeister	burmeister	NOUN
faba-267	43	29	and	and	CCONJ
faba-267	43	30	wall	wall	NOUN
faba-267	43	31	1986	1986	NUM
faba-267	43	32	)	)	PUNCT
faba-267	43	33	.	.	PUNCT
faba-267	44	1	apt	apt	ADJ
faba-267	44	2	includes	include	VERB
faba-267	44	3	multiple	multiple	ADJ
faba-267	44	4	macroeconomic	macroeconomic	ADJ
faba-267	44	5	factors	factor	NOUN
faba-267	44	6	that	that	PRON
faba-267	44	7	significantly	significantly	ADV
faba-267	44	8	influence	influence	VERB
faba-267	44	9	return	return	NOUN
faba-267	44	10	on	on	ADP
faba-267	44	11	securities	security	NOUN
faba-267	44	12	(	(	PUNCT
faba-267	44	13	ross	ross	PROPN
faba-267	44	14	1976	1976	NUM
faba-267	44	15	)	)	PUNCT
faba-267	44	16	unlike	unlike	ADP
faba-267	44	17	capm	capm	PROPN
faba-267	44	18	which	which	PRON
faba-267	44	19	includes	include	VERB
faba-267	44	20	only	only	ADJ
faba-267	44	21	market	market	NOUN
faba-267	44	22	risk	risk	NOUN
faba-267	44	23	(	(	PUNCT
faba-267	44	24	roll	roll	NOUN
faba-267	44	25	and	and	CCONJ
faba-267	44	26	ross	ross	PROPN
faba-267	44	27	1980	1980	NUM
faba-267	44	28	)	)	PUNCT
faba-267	44	29	.	.	PUNCT
faba-267	45	1	this	this	DET
faba-267	45	2	theory	theory	NOUN
faba-267	45	3	can	can	AUX
faba-267	45	4	be	be	AUX
faba-267	45	5	used	use	VERB
faba-267	45	6	to	to	PART
faba-267	45	7	explain	explain	VERB
faba-267	45	8	how	how	SCONJ
faba-267	45	9	these	these	DET
faba-267	45	10	factors	factor	NOUN
faba-267	45	11	affect	affect	VERB
faba-267	45	12	dividends	dividend	NOUN
faba-267	45	13	paid	pay	VERB
faba-267	45	14	as	as	ADP
faba-267	45	15	a	a	DET
faba-267	45	16	return	return	NOUN
faba-267	45	17	on	on	ADP
faba-267	45	18	share	share	NOUN
faba-267	45	19	securities	security	NOUN
faba-267	45	20	.	.	PUNCT
faba-267	46	1	conceptual	conceptual	ADJ
faba-267	46	2	review	review	NOUN
faba-267	46	3	money	money	NOUN
faba-267	46	4	supply	supply	NOUN
faba-267	46	5	according	accord	VERB
faba-267	46	6	to	to	ADP
faba-267	46	7	agarwal	agarwal	PROPN
faba-267	46	8	et	et	PROPN
faba-267	46	9	al	al	PROPN
faba-267	46	10	.	.	PROPN
faba-267	47	1	(	(	PUNCT
faba-267	47	2	2018	2018	NUM
faba-267	47	3	)	)	PUNCT
faba-267	47	4	,	,	PUNCT
faba-267	47	5	money	money	NOUN
faba-267	47	6	supply	supply	NOUN
faba-267	47	7	represents	represent	VERB
faba-267	47	8	the	the	DET
faba-267	47	9	total	total	ADJ
faba-267	47	10	amount	amount	NOUN
faba-267	47	11	of	of	ADP
faba-267	47	12	monetary	monetary	ADJ
faba-267	47	13	instruments	instrument	NOUN
faba-267	47	14	in	in	ADP
faba-267	47	15	an	an	DET
faba-267	47	16	economy	economy	NOUN
faba-267	47	17	,	,	PUNCT
faba-267	47	18	including	include	VERB
faba-267	47	19	cash	cash	NOUN
faba-267	47	20	and	and	CCONJ
faba-267	47	21	demand	demand	NOUN
faba-267	47	22	deposits	deposit	NOUN
faba-267	47	23	.	.	PUNCT
faba-267	48	1	it	it	PRON
faba-267	48	2	is	be	AUX
faba-267	48	3	a	a	DET
faba-267	48	4	crucial	crucial	ADJ
faba-267	48	5	macroeconomic	macroeconomic	ADJ
faba-267	48	6	indicator	indicator	NOUN
faba-267	48	7	influencing	influence	VERB
faba-267	48	8	spending	spending	NOUN
faba-267	48	9	,	,	PUNCT
faba-267	48	10	inflation	inflation	NOUN
faba-267	48	11	,	,	PUNCT
faba-267	48	12	and	and	CCONJ
faba-267	48	13	investment	investment	NOUN
faba-267	48	14	.	.	PUNCT
faba-267	49	1	an	an	DET
faba-267	49	2	increase	increase	NOUN
faba-267	49	3	in	in	ADP
faba-267	49	4	money	money	NOUN
faba-267	49	5	supply	supply	NOUN
faba-267	49	6	typically	typically	ADV
faba-267	49	7	leads	lead	VERB
faba-267	49	8	to	to	ADP
faba-267	49	9	lower	low	ADJ
faba-267	49	10	interest	interest	NOUN
faba-267	49	11	rates	rate	NOUN
faba-267	49	12	,	,	PUNCT
faba-267	49	13	making	make	VERB
faba-267	49	14	borrowing	borrowing	NOUN
faba-267	49	15	cheaper	cheap	ADJ
faba-267	49	16	,	,	PUNCT
faba-267	49	17	which	which	PRON
faba-267	49	18	can	can	AUX
faba-267	49	19	boost	boost	VERB
faba-267	49	20	corporate	corporate	ADJ
faba-267	49	21	profits	profit	NOUN
faba-267	49	22	and	and	CCONJ
faba-267	49	23	dividend	dividend	NOUN
faba-267	49	24	distributions	distribution	NOUN
faba-267	49	25	.	.	PUNCT
faba-267	50	1	conversely	conversely	ADV
faba-267	50	2	,	,	PUNCT
faba-267	50	3	a	a	DET
faba-267	50	4	decrease	decrease	NOUN
faba-267	50	5	in	in	ADP
faba-267	50	6	money	money	NOUN
faba-267	50	7	supply	supply	NOUN
faba-267	50	8	raises	raise	VERB
faba-267	50	9	interest	interest	NOUN
faba-267	50	10	rates	rate	NOUN
faba-267	50	11	,	,	PUNCT
faba-267	50	12	reduces	reduce	VERB
faba-267	50	13	spending	spending	NOUN
faba-267	50	14	,	,	PUNCT
faba-267	50	15	and	and	CCONJ
faba-267	50	16	negatively	negatively	ADV
faba-267	50	17	impacts	impact	VERB
faba-267	50	18	earnings	earning	NOUN
faba-267	50	19	,	,	PUNCT
faba-267	50	20	forcing	force	VERB
faba-267	50	21	firms	firm	NOUN
faba-267	50	22	to	to	PART
faba-267	50	23	retain	retain	VERB
faba-267	50	24	earnings	earning	NOUN
faba-267	50	25	for	for	ADP
faba-267	50	26	uncertain	uncertain	ADJ
faba-267	50	27	economic	economic	ADJ
faba-267	50	28	conditions	condition	NOUN
faba-267	50	29	(	(	PUNCT
faba-267	50	30	mankiw	mankiw	NOUN
faba-267	50	31	2021	2021	NUM
faba-267	50	32	;	;	PUNCT
faba-267	50	33	mishkin	mishkin	NOUN
faba-267	50	34	2007	2007	NUM
faba-267	50	35	)	)	PUNCT
faba-267	50	36	.	.	PUNCT
faba-267	51	1	friedman	friedman	PROPN
faba-267	51	2	and	and	CCONJ
faba-267	51	3	schwartz	schwartz	PROPN
faba-267	51	4	(	(	PUNCT
faba-267	51	5	2008	2008	NUM
faba-267	51	6	)	)	PUNCT
faba-267	51	7	argue	argue	VERB
faba-267	51	8	that	that	SCONJ
faba-267	51	9	money	money	NOUN
faba-267	51	10	supply	supply	NOUN
faba-267	51	11	is	be	AUX
faba-267	51	12	essential	essential	ADJ
faba-267	51	13	for	for	ADP
faba-267	51	14	economic	economic	ADJ
faba-267	51	15	growth	growth	NOUN
faba-267	51	16	;	;	PUNCT
faba-267	51	17	a	a	DET
faba-267	51	18	higher	high	ADJ
faba-267	51	19	money	money	NOUN
faba-267	51	20	supply	supply	NOUN
faba-267	51	21	correlates	correlate	VERB
faba-267	51	22	with	with	ADP
faba-267	51	23	growth	growth	NOUN
faba-267	51	24	,	,	PUNCT
faba-267	51	25	while	while	SCONJ
faba-267	51	26	a	a	DET
faba-267	51	27	decrease	decrease	NOUN
faba-267	51	28	signals	signal	VERB
faba-267	51	29	a	a	DET
faba-267	51	30	slowdown	slowdown	NOUN
faba-267	51	31	.	.	PUNCT
faba-267	52	1	the	the	DET
faba-267	52	2	link	link	NOUN
faba-267	52	3	between	between	ADP
faba-267	52	4	money	money	NOUN
faba-267	52	5	supply	supply	NOUN
faba-267	52	6	and	and	CCONJ
faba-267	52	7	dividend	dividend	NOUN
faba-267	52	8	policy	policy	NOUN
faba-267	52	9	is	be	AUX
faba-267	52	10	mediated	mediate	VERB
faba-267	52	11	by	by	ADP
faba-267	52	12	factors	factor	NOUN
faba-267	52	13	like	like	ADP
faba-267	52	14	liquidity	liquidity	NOUN
faba-267	52	15	,	,	PUNCT
faba-267	52	16	capital	capital	NOUN
faba-267	52	17	structure	structure	NOUN
faba-267	52	18	,	,	PUNCT
faba-267	52	19	and	and	CCONJ
faba-267	52	20	economic	economic	ADJ
faba-267	52	21	conditions	condition	NOUN
faba-267	52	22	.	.	PUNCT
faba-267	53	1	when	when	SCONJ
faba-267	53	2	monetary	monetary	ADJ
faba-267	53	3	policy	policy	NOUN
faba-267	53	4	favours	favour	VERB
faba-267	53	5	abundant	abundant	ADJ
faba-267	53	6	money	money	NOUN
faba-267	53	7	and	and	CCONJ
faba-267	53	8	low	low	ADJ
faba-267	53	9	interest	interest	NOUN
faba-267	53	10	rates	rate	NOUN
faba-267	53	11	,	,	PUNCT
faba-267	53	12	firms	firm	NOUN
faba-267	53	13	can	can	AUX
faba-267	53	14	finance	finance	VERB
faba-267	53	15	growth	growth	NOUN
faba-267	53	16	and	and	CCONJ
faba-267	53	17	enhance	enhance	VERB
faba-267	53	18	dividends	dividend	NOUN
faba-267	53	19	(	(	PUNCT
faba-267	53	20	blanchard	blanchard	NOUN
faba-267	53	21	and	and	CCONJ
faba-267	53	22	johnson	johnson	PROPN
faba-267	53	23	2017	2017	NUM
faba-267	53	24	)	)	PUNCT
faba-267	53	25	.	.	PUNCT
faba-267	54	1	research	research	NOUN
faba-267	54	2	by	by	ADP
faba-267	54	3	tran	tran	PROPN
faba-267	54	4	et	et	PROPN
faba-267	54	5	al	al	PROPN
faba-267	54	6	.	.	PROPN
faba-267	55	1	(	(	PUNCT
faba-267	55	2	2019	2019	NUM
faba-267	55	3	)	)	PUNCT
faba-267	55	4	and	and	CCONJ
faba-267	55	5	mbaka	mbaka	ADV
faba-267	55	6	(	(	PUNCT
faba-267	55	7	2022	2022	NUM
faba-267	55	8	)	)	PUNCT
faba-267	55	9	indicates	indicate	VERB
faba-267	55	10	that	that	SCONJ
faba-267	55	11	changes	change	NOUN
faba-267	55	12	in	in	ADP
faba-267	55	13	money	money	NOUN
faba-267	55	14	supply	supply	NOUN
faba-267	55	15	significantly	significantly	ADV
faba-267	55	16	impact	impact	NOUN
faba-267	55	17	firms	firm	NOUN
faba-267	55	18	’	’	PART
faba-267	55	19	dividend	dividend	NOUN
faba-267	55	20	decisions	decision	NOUN
faba-267	55	21	,	,	PUNCT
faba-267	55	22	with	with	ADP
faba-267	55	23	expansions	expansion	NOUN
faba-267	55	24	allowing	allow	VERB
faba-267	55	25	for	for	ADP
faba-267	55	26	increased	increase	VERB
faba-267	55	27	dividends	dividend	NOUN
faba-267	55	28	and	and	CCONJ
faba-267	55	29	contractions	contraction	NOUN
faba-267	55	30	leading	lead	VERB
faba-267	55	31	to	to	ADP
faba-267	55	32	reductions	reduction	NOUN
faba-267	55	33	interest	interest	NOUN
faba-267	55	34	rates	rate	NOUN
faba-267	55	35	interest	interest	NOUN
faba-267	55	36	rates	rate	NOUN
faba-267	55	37	are	be	AUX
faba-267	55	38	a	a	DET
faba-267	55	39	crucial	crucial	ADJ
faba-267	55	40	factor	factor	NOUN
faba-267	55	41	in	in	ADP
faba-267	55	42	economic	economic	ADJ
faba-267	55	43	activity	activity	NOUN
faba-267	55	44	,	,	PUNCT
faba-267	55	45	affecting	affect	VERB
faba-267	55	46	the	the	DET
faba-267	55	47	cost	cost	NOUN
faba-267	55	48	of	of	ADP
faba-267	55	49	savings	saving	NOUN
faba-267	55	50	and	and	CCONJ
faba-267	55	51	investment	investment	NOUN
faba-267	55	52	.	.	PUNCT
faba-267	56	1	high	high	ADJ
faba-267	56	2	interest	interest	NOUN
faba-267	56	3	rates	rate	NOUN
faba-267	56	4	lead	lead	VERB
faba-267	56	5	to	to	ADP
faba-267	56	6	high	high	ADJ
faba-267	56	7	capital	capital	NOUN
faba-267	56	8	costs	cost	NOUN
faba-267	56	9	and	and	CCONJ
faba-267	56	10	reduced	reduce	VERB
faba-267	56	11	capital	capital	NOUN
faba-267	56	12	expenditures	expenditure	NOUN
faba-267	56	13	,	,	PUNCT
faba-267	56	14	while	while	SCONJ
faba-267	56	15	low	low	ADJ
faba-267	56	16	rates	rate	NOUN
faba-267	56	17	encourage	encourage	VERB
faba-267	56	18	borrowing	borrowing	NOUN
faba-267	56	19	and	and	CCONJ
faba-267	56	20	investment	investment	NOUN
faba-267	56	21	.	.	PUNCT
faba-267	57	1	for	for	ADP
faba-267	57	2	firms	firm	NOUN
faba-267	57	3	,	,	PUNCT
faba-267	57	4	interest	interest	NOUN
faba-267	57	5	rates	rate	NOUN
faba-267	57	6	heavily	heavily	ADV
faba-267	57	7	influence	influence	VERB
faba-267	57	8	funding	funding	NOUN
faba-267	57	9	costs	cost	NOUN
faba-267	57	10	and	and	CCONJ
faba-267	57	11	potential	potential	ADJ
faba-267	57	12	returns	return	NOUN
faba-267	57	13	on	on	ADP
faba-267	57	14	investment	investment	NOUN
faba-267	57	15	(	(	PUNCT
faba-267	57	16	buckley	buckley	NOUN
faba-267	57	17	2013	2013	NUM
faba-267	57	18	)	)	PUNCT
faba-267	57	19	.	.	PUNCT
faba-267	58	1	additionally	additionally	ADV
faba-267	58	2	,	,	PUNCT
faba-267	58	3	interest	interest	NOUN
faba-267	58	4	rates	rate	NOUN
faba-267	58	5	signal	signal	VERB
faba-267	58	6	economic	economic	ADJ
faba-267	58	7	conditions	condition	NOUN
faba-267	58	8	,	,	PUNCT
faba-267	58	9	inflation	inflation	NOUN
faba-267	58	10	expectations	expectation	NOUN
faba-267	58	11	,	,	PUNCT
faba-267	58	12	and	and	CCONJ
faba-267	58	13	monetary	monetary	ADJ
faba-267	58	14	policy	policy	NOUN
faba-267	58	15	shifts	shift	NOUN
faba-267	58	16	(	(	PUNCT
faba-267	58	17	blanchard	blanchard	PROPN
faba-267	58	18	et	et	PROPN
faba-267	58	19	al	al	PROPN
faba-267	58	20	.	.	PROPN
faba-267	58	21	2015	2015	NUM
faba-267	58	22	)	)	PUNCT
faba-267	58	23	.	.	PUNCT
faba-267	59	1	high	high	ADJ
faba-267	59	2	rates	rate	NOUN
faba-267	59	3	can	can	AUX
faba-267	59	4	decrease	decrease	VERB
faba-267	59	5	profitability	profitability	NOUN
faba-267	59	6	as	as	SCONJ
faba-267	59	7	firms	firm	NOUN
faba-267	59	8	often	often	ADV
faba-267	59	9	lower	low	ADJ
faba-267	59	10	dividends	dividend	NOUN
faba-267	59	11	,	,	PUNCT
faba-267	59	12	whereas	whereas	SCONJ
faba-267	59	13	lower	low	ADJ
faba-267	59	14	rates	rate	NOUN
faba-267	59	15	reduce	reduce	VERB
faba-267	59	16	capital	capital	NOUN
faba-267	59	17	costs	cost	NOUN
faba-267	59	18	,	,	PUNCT
faba-267	59	19	stimulate	stimulate	VERB
faba-267	59	20	economic	economic	ADJ
faba-267	59	21	growth	growth	NOUN
faba-267	59	22	,	,	PUNCT
faba-267	59	23	and	and	CCONJ
faba-267	59	24	allow	allow	VERB
faba-267	59	25	for	for	ADP
faba-267	59	26	higher	high	ADJ
faba-267	59	27	dividends	dividend	NOUN
faba-267	59	28	(	(	PUNCT
faba-267	59	29	baker	baker	NOUN
faba-267	59	30	and	and	CCONJ
faba-267	59	31	wurgler	wurgler	NOUN
faba-267	59	32	2013	2013	NUM
faba-267	59	33	)	)	PUNCT
faba-267	59	34	.	.	PUNCT
faba-267	60	1	exchange	exchange	NOUN
faba-267	60	2	rate	rate	NOUN
faba-267	60	3	exchange	exchange	NOUN
faba-267	60	4	rates	rate	NOUN
faba-267	60	5	are	be	AUX
faba-267	60	6	crucial	crucial	ADJ
faba-267	60	7	for	for	ADP
faba-267	60	8	currency	currency	NOUN
faba-267	60	9	conversion	conversion	NOUN
faba-267	60	10	and	and	CCONJ
faba-267	60	11	significantly	significantly	ADV
faba-267	60	12	impact	impact	VERB
faba-267	60	13	import	import	NOUN
faba-267	60	14	and	and	CCONJ
faba-267	60	15	export	export	NOUN
faba-267	60	16	prices	price	NOUN
faba-267	60	17	as	as	ADV
faba-267	60	18	well	well	ADV
faba-267	60	19	as	as	ADP
faba-267	60	20	international	international	ADJ
faba-267	60	21	investments	investment	NOUN
faba-267	60	22	(	(	PUNCT
faba-267	60	23	madura	madura	NOUN
faba-267	60	24	2018	2018	NUM
faba-267	60	25	)	)	PUNCT
faba-267	60	26	.	.	PUNCT
faba-267	61	1	they	they	PRON
faba-267	61	2	consist	consist	VERB
faba-267	61	3	of	of	ADP
faba-267	61	4	a	a	DET
faba-267	61	5	base	base	NOUN
faba-267	61	6	(	(	PUNCT
faba-267	61	7	local	local	ADJ
faba-267	61	8	)	)	PUNCT
faba-267	61	9	currency	currency	NOUN
faba-267	61	10	and	and	CCONJ
faba-267	61	11	a	a	DET
faba-267	61	12	foreign	foreign	ADJ
faba-267	61	13	currency	currency	NOUN
faba-267	61	14	;	;	PUNCT
faba-267	61	15	for	for	ADP
faba-267	61	16	example	example	NOUN
faba-267	61	17	,	,	PUNCT
faba-267	61	18	in	in	ADP
faba-267	61	19	the	the	DET
faba-267	61	20	usd	usd	PROPN
faba-267	61	21	/	/	SYM
faba-267	61	22	eur	eur	NOUN
faba-267	61	23	,	,	PUNCT
faba-267	61	24	usd	usd	NOUN
faba-267	61	25	is	be	AUX
faba-267	61	26	the	the	DET
faba-267	61	27	base	base	ADJ
faba-267	61	28	currency	currency	NOUN
faba-267	61	29	.	.	PUNCT
faba-267	62	1	exchange	exchange	NOUN
faba-267	62	2	rate	rate	NOUN
faba-267	62	3	systems	system	NOUN
faba-267	62	4	fall	fall	VERB
faba-267	62	5	into	into	ADP
faba-267	62	6	two	two	NUM
faba-267	62	7	categories	category	NOUN
faba-267	62	8	:	:	PUNCT
faba-267	62	9	floating	float	VERB
faba-267	62	10	and	and	CCONJ
faba-267	62	11	fixed	fix	VERB
faba-267	62	12	.	.	PUNCT
faba-267	63	1	in	in	ADP
faba-267	63	2	a	a	DET
faba-267	63	3	floating	float	VERB
faba-267	63	4	system	system	NOUN
faba-267	63	5	,	,	PUNCT
faba-267	63	6	currency	currency	NOUN
faba-267	63	7	values	value	NOUN
faba-267	63	8	change	change	VERB
faba-267	63	9	according	accord	VERB
faba-267	63	10	to	to	ADP
faba-267	63	11	supply	supply	NOUN
faba-267	63	12	and	and	CCONJ
faba-267	63	13	demand	demand	NOUN
faba-267	63	14	,	,	PUNCT
faba-267	63	15	as	as	SCONJ
faba-267	63	16	noted	note	VERB
faba-267	63	17	by	by	ADP
faba-267	63	18	krugman	krugman	PROPN
faba-267	63	19	and	and	CCONJ
faba-267	63	20	obstfeld	obstfeld	PROPN
faba-267	63	21	(	(	PUNCT
faba-267	63	22	2009	2009	NUM
faba-267	63	23	)	)	PUNCT
faba-267	63	24	.	.	PUNCT
faba-267	64	1	conversely	conversely	ADV
faba-267	64	2	,	,	PUNCT
faba-267	64	3	a	a	DET
faba-267	64	4	fixed	fix	VERB
faba-267	64	5	exchange	exchange	NOUN
faba-267	64	6	rate	rate	NOUN
faba-267	64	7	ties	tie	NOUN
faba-267	64	8	a	a	DET
faba-267	64	9	currency	currency	NOUN
faba-267	64	10	to	to	ADP
faba-267	64	11	another	another	DET
faba-267	64	12	currency	currency	NOUN
faba-267	64	13	or	or	CCONJ
faba-267	64	14	commodity	commodity	NOUN
faba-267	64	15	(	(	PUNCT
faba-267	64	16	like	like	ADP
faba-267	64	17	gold	gold	NOUN
faba-267	64	18	)	)	PUNCT
faba-267	64	19	and	and	CCONJ
faba-267	64	20	requires	require	VERB
faba-267	64	21	central	central	ADJ
faba-267	64	22	banks	bank	NOUN
faba-267	64	23	to	to	PART
faba-267	64	24	maintain	maintain	VERB
faba-267	64	25	constant	constant	ADJ
faba-267	64	26	rates	rate	NOUN
faba-267	64	27	,	,	PUNCT
faba-267	64	28	providing	provide	VERB
faba-267	64	29	stability	stability	NOUN
faba-267	64	30	for	for	ADP
faba-267	64	31	international	international	ADJ
faba-267	64	32	transactions	transaction	NOUN
faba-267	64	33	but	but	CCONJ
faba-267	64	34	necessitating	necessitate	VERB
faba-267	64	35	large	large	ADJ
faba-267	64	36	foreign	foreign	ADJ
faba-267	64	37	exchange	exchange	NOUN
faba-267	64	38	reserves	reserve	NOUN
faba-267	64	39	(	(	PUNCT
faba-267	64	40	frankel	frankel	NOUN
faba-267	64	41	1999	1999	NUM
faba-267	64	42	)	)	PUNCT
faba-267	64	43	.	.	PUNCT
faba-267	65	1	the	the	DET
faba-267	65	2	choice	choice	NOUN
faba-267	65	3	between	between	ADP
faba-267	65	4	systems	system	NOUN
faba-267	65	5	depends	depend	VERB
faba-267	65	6	on	on	ADP
faba-267	65	7	an	an	DET
faba-267	65	8	economy	economy	NOUN
faba-267	65	9	’s	’s	PART
faba-267	65	10	characteristics	characteristic	NOUN
faba-267	65	11	and	and	CCONJ
faba-267	65	12	monetary	monetary	ADJ
faba-267	65	13	policy	policy	NOUN
faba-267	65	14	goals	goal	NOUN
faba-267	65	15	.	.	PUNCT
faba-267	66	1	floating	float	VERB
faba-267	66	2	rates	rate	NOUN
faba-267	66	3	offer	offer	VERB
faba-267	66	4	flexibility	flexibility	NOUN
faba-267	66	5	,	,	PUNCT
faba-267	66	6	while	while	SCONJ
faba-267	66	7	fixed	fixed	ADJ
faba-267	66	8	rates	rate	NOUN
faba-267	66	9	provide	provide	VERB
faba-267	66	10	stability	stability	NOUN
faba-267	66	11	.	.	PUNCT
faba-267	67	1	research	research	NOUN
faba-267	67	2	by	by	ADP
faba-267	67	3	pan	pan	PROPN
faba-267	67	4	et	et	PROPN
faba-267	67	5	al	al	PROPN
faba-267	67	6	.	.	PROPN
faba-267	68	1	(	(	PUNCT
faba-267	68	2	2007	2007	NUM
faba-267	68	3	)	)	PUNCT
faba-267	68	4	shows	show	VERB
faba-267	68	5	that	that	SCONJ
faba-267	68	6	exchange	exchange	NOUN
faba-267	68	7	rate	rate	NOUN
faba-267	68	8	and	and	CCONJ
faba-267	68	9	stock	stock	NOUN
faba-267	68	10	price	price	NOUN
faba-267	68	11	volatility	volatility	NOUN
faba-267	68	12	can	can	AUX
faba-267	68	13	vary	vary	VERB
faba-267	68	14	based	base	VERB
faba-267	68	15	on	on	ADP
faba-267	68	16	the	the	DET
faba-267	68	17	adopted	adopt	VERB
faba-267	68	18	system	system	NOUN
faba-267	68	19	,	,	PUNCT
faba-267	68	20	affecting	affect	VERB
faba-267	68	21	firms	firm	NOUN
faba-267	68	22	'	'	PART
faba-267	68	23	risk	risk	NOUN
faba-267	68	24	management	management	NOUN
faba-267	68	25	strategies	strategy	NOUN
faba-267	68	26	.	.	PUNCT
faba-267	69	1	inflation	inflation	NOUN
faba-267	69	2	inflation	inflation	NOUN
faba-267	69	3	,	,	PUNCT
faba-267	69	4	as	as	SCONJ
faba-267	69	5	described	describe	VERB
faba-267	69	6	by	by	ADP
faba-267	69	7	salim	salim	NOUN
faba-267	69	8	(	(	PUNCT
faba-267	69	9	2019	2019	NUM
faba-267	69	10	)	)	PUNCT
faba-267	69	11	,	,	PUNCT
faba-267	69	12	refers	refer	VERB
faba-267	69	13	to	to	ADP
faba-267	69	14	the	the	DET
faba-267	69	15	overall	overall	ADJ
faba-267	69	16	rise	rise	NOUN
faba-267	69	17	in	in	ADP
faba-267	69	18	prices	price	NOUN
faba-267	69	19	of	of	ADP
faba-267	69	20	products	product	NOUN
faba-267	69	21	and	and	CCONJ
faba-267	69	22	services	service	NOUN
faba-267	69	23	,	,	PUNCT
faba-267	69	24	often	often	ADV
faba-267	69	25	driven	drive	VERB
faba-267	69	26	by	by	ADP
faba-267	69	27	rising	rise	VERB
faba-267	69	28	expenses	expense	NOUN
faba-267	69	29	like	like	ADP
faba-267	69	30	wages	wage	NOUN
faba-267	69	31	and	and	CCONJ
faba-267	69	32	raw	raw	ADJ
faba-267	69	33	material	material	NOUN
faba-267	69	34	costs	cost	NOUN
faba-267	69	35	,	,	PUNCT
faba-267	69	36	as	as	ADV
faba-267	69	37	well	well	ADV
faba-267	69	38	as	as	ADP
faba-267	69	39	heightened	heighten	VERB
faba-267	69	40	demand	demand	NOUN
faba-267	69	41	exceeding	exceed	VERB
faba-267	69	42	supply	supply	NOUN
faba-267	69	43	.	.	PUNCT
faba-267	70	1	high	high	ADJ
faba-267	70	2	inflation	inflation	NOUN
faba-267	70	3	can	can	AUX
faba-267	70	4	impact	impact	VERB
faba-267	70	5	a	a	DET
faba-267	70	6	company	company	NOUN
faba-267	70	7	's	's	PART
faba-267	70	8	dividend	dividend	NOUN
faba-267	70	9	strategy	strategy	NOUN
faba-267	70	10	by	by	ADP
faba-267	70	11	decreasing	decrease	VERB
faba-267	70	12	the	the	DET
faba-267	70	13	purchasing	purchase	VERB
faba-267	70	14	power	power	NOUN
faba-267	70	15	of	of	ADP
faba-267	70	16	money	money	NOUN
faba-267	70	17	,	,	PUNCT
faba-267	70	18	which	which	PRON
faba-267	70	19	in	in	ADP
faba-267	70	20	turn	turn	NOUN
faba-267	70	21	affects	affect	VERB
faba-267	70	22	costs	cost	NOUN
faba-267	70	23	and	and	CCONJ
faba-267	70	24	revenues	revenue	NOUN
faba-267	70	25	(	(	PUNCT
faba-267	70	26	basse	basse	PROPN
faba-267	70	27	and	and	CCONJ
faba-267	70	28	reddemann	reddemann	NOUN
faba-267	70	29	2011	2011	NUM
faba-267	70	30	)	)	PUNCT
faba-267	70	31	.	.	PUNCT
faba-267	71	1	increased	increase	VERB
faba-267	71	2	operating	operating	NOUN
faba-267	71	3	expenses	expense	NOUN
faba-267	71	4	can	can	AUX
faba-267	71	5	reduce	reduce	VERB
faba-267	71	6	gross	gross	ADJ
faba-267	71	7	profits	profit	NOUN
faba-267	71	8	,	,	PUNCT
faba-267	71	9	leading	lead	VERB
faba-267	71	10	firms	firm	NOUN
faba-267	71	11	to	to	PART
faba-267	71	12	retain	retain	VERB
faba-267	71	13	more	more	ADJ
faba-267	71	14	earnings	earning	NOUN
faba-267	71	15	for	for	ADP
faba-267	71	16	reinvestment	reinvestment	NOUN
faba-267	71	17	rather	rather	ADV
faba-267	71	18	than	than	ADP
faba-267	71	19	distribute	distribute	VERB
faba-267	71	20	dividends	dividend	NOUN
faba-267	71	21	.	.	PUNCT
faba-267	72	1	during	during	ADP
faba-267	72	2	periods	period	NOUN
faba-267	72	3	of	of	ADP
faba-267	72	4	low	low	ADJ
faba-267	72	5	inflation	inflation	NOUN
faba-267	72	6	,	,	PUNCT
faba-267	72	7	companies	company	NOUN
faba-267	72	8	may	may	AUX
faba-267	72	9	pay	pay	VERB
faba-267	72	10	higher	high	ADJ
faba-267	72	11	dividends	dividend	NOUN
faba-267	72	12	(	(	PUNCT
faba-267	72	13	kauffman	kauffman	PROPN
faba-267	72	14	et	et	PROPN
faba-267	72	15	al	al	PROPN
faba-267	72	16	.	.	PROPN
faba-267	72	17	2016	2016	NUM
faba-267	72	18	)	)	PUNCT
faba-267	72	19	due	due	ADP
faba-267	72	20	to	to	ADP
faba-267	72	21	fewer	few	ADJ
faba-267	72	22	high	high	ADJ
faba-267	72	23	-	-	PUNCT
faba-267	72	24	return	return	NOUN
faba-267	72	25	investment	investment	NOUN
faba-267	72	26	opportunities	opportunity	NOUN
faba-267	72	27	theissen	theissen	PROPN
faba-267	72	28	et	et	PROPN
faba-267	72	29	al	al	PROPN
faba-267	72	30	.	.	PROPN
faba-267	72	31	2023	2023	NUM
faba-267	72	32	)	)	PUNCT
faba-267	72	33	.	.	PUNCT
faba-267	73	1	ultimately	ultimately	ADV
faba-267	73	2	,	,	PUNCT
faba-267	73	3	firms	firm	NOUN
faba-267	73	4	must	must	AUX
faba-267	73	5	consider	consider	VERB
faba-267	73	6	both	both	PRON
faba-267	73	7	current	current	ADJ
faba-267	73	8	and	and	CCONJ
faba-267	73	9	expected	expect	VERB
faba-267	73	10	inflation	inflation	NOUN
faba-267	73	11	rates	rate	NOUN
faba-267	73	12	when	when	SCONJ
faba-267	73	13	formulating	formulate	VERB
faba-267	73	14	their	their	PRON
faba-267	73	15	dividend	dividend	NOUN
faba-267	73	16	policies	policy	NOUN
faba-267	73	17	to	to	PART
faba-267	73	18	maintain	maintain	VERB
faba-267	73	19	shareholder	shareholder	NOUN
faba-267	73	20	confidence	confidence	NOUN
faba-267	73	21	,	,	PUNCT
faba-267	73	22	as	as	SCONJ
faba-267	73	23	noted	note	VERB
faba-267	73	24	by	by	ADP
faba-267	73	25	basse	basse	PROPN
faba-267	73	26	and	and	CCONJ
faba-267	73	27	reddemann	reddemann	PROPN
faba-267	73	28	(	(	PUNCT
faba-267	73	29	2011	2011	NUM
faba-267	73	30	)	)	PUNCT
faba-267	73	31	.	.	PUNCT
faba-267	74	1	dividend	dividend	NOUN
faba-267	74	2	policy	policy	NOUN
faba-267	74	3	according	accord	VERB
faba-267	74	4	to	to	ADP
faba-267	74	5	samrotun	samrotun	PROPN
faba-267	74	6	(	(	PUNCT
faba-267	74	7	2015	2015	NUM
faba-267	74	8	)	)	PUNCT
faba-267	74	9	,	,	PUNCT
faba-267	74	10	dividend	dividend	NOUN
faba-267	74	11	policy	policy	NOUN
faba-267	74	12	involves	involve	VERB
faba-267	74	13	the	the	DET
faba-267	74	14	trade	trade	NOUN
faba-267	74	15	-	-	PUNCT
faba-267	74	16	off	off	NOUN
faba-267	74	17	between	between	ADP
faba-267	74	18	the	the	DET
faba-267	74	19	dividend	dividend	NOUN
faba-267	74	20	payout	payout	NOUN
faba-267	74	21	ratio	ratio	NOUN
faba-267	74	22	to	to	ADP
faba-267	74	23	investors	investor	NOUN
faba-267	74	24	and	and	CCONJ
faba-267	74	25	retaining	retain	VERB
faba-267	74	26	earnings	earning	NOUN
faba-267	74	27	for	for	ADP
faba-267	74	28	control	control	NOUN
faba-267	74	29	over	over	ADP
faba-267	74	30	funds	fund	NOUN
faba-267	74	31	.	.	PUNCT
faba-267	75	1	while	while	SCONJ
faba-267	75	2	management	management	NOUN
faba-267	75	3	may	may	AUX
faba-267	75	4	lower	lower	VERB
faba-267	75	5	dividends	dividend	NOUN
faba-267	75	6	to	to	PART
faba-267	75	7	doffour	doffour	VERB
faba-267	75	8	,	,	PUNCT
faba-267	75	9	asamoah	asamoah	NOUN
faba-267	75	10	,	,	PUNCT
faba-267	75	11	anim	anim	NOUN
faba-267	75	12	,	,	PUNCT
faba-267	75	13	agyenim	agyenim	NOUN
faba-267	75	14	-	-	PUNCT
faba-267	75	15	boateng	boateng	NOUN
faba-267	75	16	/	/	SYM
faba-267	75	17	finance	finance	NOUN
faba-267	75	18	,	,	PUNCT
faba-267	75	19	accounting	accounting	NOUN
faba-267	75	20	and	and	CCONJ
faba-267	75	21	business	business	NOUN
faba-267	75	22	analysis	analysis	NOUN
faba-267	75	23	,	,	PUNCT
faba-267	75	24	volume	volume	NOUN
faba-267	75	25	7	7	NUM
faba-267	75	26	,	,	PUNCT
faba-267	75	27	issue1	issue1	ADV
faba-267	75	28	,	,	PUNCT
faba-267	75	29	2025	2025	NUM
faba-267	75	30	123	123	NUM
faba-267	75	31	retain	retain	VERB
faba-267	75	32	more	more	ADJ
faba-267	75	33	capital	capital	NOUN
faba-267	75	34	,	,	PUNCT
faba-267	75	35	investors	investor	NOUN
faba-267	75	36	often	often	ADV
faba-267	75	37	perceive	perceive	VERB
faba-267	75	38	high	high	ADJ
faba-267	75	39	dividends	dividend	NOUN
faba-267	75	40	as	as	ADP
faba-267	75	41	a	a	DET
faba-267	75	42	sign	sign	NOUN
faba-267	75	43	of	of	ADP
faba-267	75	44	firm	firm	ADJ
faba-267	75	45	efficiency	efficiency	NOUN
faba-267	75	46	(	(	PUNCT
faba-267	75	47	sutrisno	sutrisno	NOUN
faba-267	75	48	2009	2009	NUM
faba-267	75	49	)	)	PUNCT
faba-267	75	50	.	.	PUNCT
faba-267	76	1	the	the	DET
faba-267	76	2	dividend	dividend	NOUN
faba-267	76	3	signalling	signal	VERB
faba-267	76	4	theory	theory	NOUN
faba-267	76	5	suggests	suggest	VERB
faba-267	76	6	that	that	SCONJ
faba-267	76	7	higher	high	ADJ
faba-267	76	8	dividends	dividend	NOUN
faba-267	76	9	indicate	indicate	VERB
faba-267	76	10	better	well	ADJ
faba-267	76	11	company	company	NOUN
faba-267	76	12	performance	performance	NOUN
faba-267	76	13	,	,	PUNCT
faba-267	76	14	influencing	influence	VERB
faba-267	76	15	investor	investor	NOUN
faba-267	76	16	perception	perception	NOUN
faba-267	76	17	(	(	PUNCT
faba-267	76	18	pamungkas	pamungkas	PROPN
faba-267	76	19	et	et	PROPN
faba-267	76	20	al	al	PROPN
faba-267	76	21	.	.	PROPN
faba-267	76	22	2017	2017	NUM
faba-267	76	23	;	;	PUNCT
faba-267	76	24	jogiyanto	jogiyanto	VERB
faba-267	76	25	2003	2003	NUM
faba-267	76	26	)	)	PUNCT
faba-267	76	27	.	.	PUNCT
faba-267	77	1	ultimately	ultimately	ADV
faba-267	77	2	,	,	PUNCT
faba-267	77	3	dividend	dividend	NOUN
faba-267	77	4	policy	policy	NOUN
faba-267	77	5	outlines	outline	VERB
faba-267	77	6	the	the	DET
faba-267	77	7	amount	amount	NOUN
faba-267	77	8	of	of	ADP
faba-267	77	9	the	the	DET
faba-267	77	10	total	total	ADJ
faba-267	77	11	earnings	earning	NOUN
faba-267	77	12	distributed	distribute	VERB
faba-267	77	13	versus	versus	ADP
faba-267	77	14	reinvested	reinvested	ADJ
faba-267	77	15	(	(	PUNCT
faba-267	77	16	brealey	brealey	PROPN
faba-267	77	17	et	et	PROPN
faba-267	77	18	al	al	PROPN
faba-267	77	19	.	.	PROPN
faba-267	77	20	2014	2014	NUM
faba-267	77	21	)	)	PUNCT
faba-267	77	22	.	.	PUNCT
faba-267	78	1	balancing	balance	VERB
faba-267	78	2	a	a	DET
faba-267	78	3	high	high	ADJ
faba-267	78	4	dividend	dividend	NOUN
faba-267	78	5	payout	payout	NOUN
faba-267	78	6	ratio	ratio	NOUN
faba-267	78	7	with	with	ADP
faba-267	78	8	sufficient	sufficient	ADJ
faba-267	78	9	retained	retain	VERB
faba-267	78	10	earnings	earning	NOUN
faba-267	78	11	for	for	ADP
faba-267	78	12	reinvestment	reinvestment	NOUN
faba-267	78	13	is	be	AUX
faba-267	78	14	a	a	DET
faba-267	78	15	key	key	ADJ
faba-267	78	16	challenge	challenge	NOUN
faba-267	78	17	for	for	ADP
faba-267	78	18	firms	firm	NOUN
faba-267	78	19	.	.	PUNCT
faba-267	79	1	empirical	empirical	ADJ
faba-267	79	2	review	review	NOUN
faba-267	79	3	rinanda	rinanda	NOUN
faba-267	79	4	(	(	PUNCT
faba-267	79	5	2022	2022	NUM
faba-267	79	6	)	)	PUNCT
faba-267	79	7	studied	study	VERB
faba-267	79	8	the	the	DET
faba-267	79	9	impact	impact	NOUN
faba-267	79	10	of	of	ADP
faba-267	79	11	macroeconomic	macroeconomic	ADJ
faba-267	79	12	factors	factor	NOUN
faba-267	79	13	on	on	ADP
faba-267	79	14	the	the	DET
faba-267	79	15	dividend	dividend	NOUN
faba-267	79	16	policies	policy	NOUN
faba-267	79	17	of	of	ADP
faba-267	79	18	manufacturing	manufacturing	NOUN
faba-267	79	19	companies	company	NOUN
faba-267	79	20	listed	list	VERB
faba-267	79	21	on	on	ADP
faba-267	79	22	the	the	DET
faba-267	79	23	indonesian	indonesian	ADJ
faba-267	79	24	stock	stock	NOUN
faba-267	79	25	market	market	NOUN
faba-267	79	26	(	(	PUNCT
faba-267	79	27	idx	idx	PROPN
faba-267	79	28	)	)	PUNCT
faba-267	79	29	during	during	ADP
faba-267	79	30	the	the	DET
faba-267	79	31	global	global	ADJ
faba-267	79	32	health	health	NOUN
faba-267	79	33	crisis	crisis	NOUN
faba-267	79	34	.	.	PUNCT
faba-267	80	1	focusing	focus	VERB
faba-267	80	2	on	on	ADP
faba-267	80	3	food	food	NOUN
faba-267	80	4	and	and	CCONJ
faba-267	80	5	beverage	beverage	NOUN
faba-267	80	6	firms	firm	NOUN
faba-267	80	7	with	with	ADP
faba-267	80	8	reports	report	NOUN
faba-267	80	9	from	from	ADP
faba-267	80	10	2012	2012	NUM
faba-267	80	11	to	to	ADP
faba-267	80	12	2016	2016	NUM
faba-267	80	13	,	,	PUNCT
faba-267	80	14	the	the	DET
faba-267	80	15	research	research	NOUN
faba-267	80	16	used	use	VERB
faba-267	80	17	multiple	multiple	ADJ
faba-267	80	18	linear	linear	ADJ
faba-267	80	19	regression	regression	NOUN
faba-267	80	20	through	through	ADP
faba-267	80	21	eviews	eviews	PROPN
faba-267	80	22	software	software	PROPN
faba-267	80	23	.	.	PUNCT
faba-267	81	1	surprisingly	surprisingly	ADV
faba-267	81	2	,	,	PUNCT
faba-267	81	3	changes	change	NOUN
faba-267	81	4	in	in	ADP
faba-267	81	5	currency	currency	NOUN
faba-267	81	6	exchange	exchange	NOUN
faba-267	81	7	rates	rate	NOUN
faba-267	81	8	,	,	PUNCT
faba-267	81	9	inflation	inflation	NOUN
faba-267	81	10	rates	rate	NOUN
faba-267	81	11	,	,	PUNCT
faba-267	81	12	and	and	CCONJ
faba-267	81	13	interest	interest	NOUN
faba-267	81	14	rates	rate	NOUN
faba-267	81	15	did	do	AUX
faba-267	81	16	not	not	PART
faba-267	81	17	significantly	significantly	ADV
faba-267	81	18	affect	affect	VERB
faba-267	81	19	the	the	DET
faba-267	81	20	firms	firm	NOUN
faba-267	81	21	'	'	PART
faba-267	81	22	dividend	dividend	NOUN
faba-267	81	23	policies	policy	NOUN
faba-267	81	24	.	.	PUNCT
faba-267	82	1	also	also	ADV
faba-267	82	2	,	,	PUNCT
faba-267	82	3	mbaka	mbaka	ADJ
faba-267	82	4	(	(	PUNCT
faba-267	82	5	2022	2022	NUM
faba-267	82	6	)	)	PUNCT
faba-267	82	7	examined	examine	VERB
faba-267	82	8	the	the	DET
faba-267	82	9	influence	influence	NOUN
faba-267	82	10	of	of	ADP
faba-267	82	11	macroeconomic	macroeconomic	ADJ
faba-267	82	12	factors	factor	NOUN
faba-267	82	13	on	on	ADP
faba-267	82	14	dividend	dividend	NOUN
faba-267	82	15	distribution	distribution	NOUN
faba-267	82	16	among	among	ADP
faba-267	82	17	companies	company	NOUN
faba-267	82	18	in	in	ADP
faba-267	82	19	nairobi	nairobi	PROPN
faba-267	82	20	from	from	ADP
faba-267	82	21	1987	1987	NUM
faba-267	82	22	to	to	ADP
faba-267	82	23	2021	2021	NUM
faba-267	82	24	,	,	PUNCT
faba-267	82	25	analysing	analyse	VERB
faba-267	82	26	the	the	DET
faba-267	82	27	data	datum	NOUN
faba-267	82	28	with	with	ADP
faba-267	82	29	spss	spss	PROPN
faba-267	82	30	.	.	PUNCT
faba-267	83	1	the	the	DET
faba-267	83	2	results	result	NOUN
faba-267	83	3	showed	show	VERB
faba-267	83	4	money	money	NOUN
faba-267	83	5	supply	supply	NOUN
faba-267	83	6	and	and	CCONJ
faba-267	83	7	exchange	exchange	NOUN
faba-267	83	8	rates	rate	NOUN
faba-267	83	9	had	have	VERB
faba-267	83	10	a	a	DET
faba-267	83	11	significant	significant	ADJ
faba-267	83	12	direct	direct	ADJ
faba-267	83	13	effect	effect	NOUN
faba-267	83	14	(	(	PUNCT
faba-267	83	15	β	β	X
faba-267	83	16	=	=	SYM
faba-267	83	17	0.310	0.310	NUM
faba-267	83	18	and	and	CCONJ
faba-267	83	19	β	β	X
faba-267	83	20	=	=	NOUN
faba-267	83	21	0.317	0.317	NUM
faba-267	83	22	,	,	PUNCT
faba-267	83	23	p	p	X
faba-267	83	24	=	=	NOUN
faba-267	83	25	0.000	0.000	NUM
faba-267	83	26	<	<	X
faba-267	83	27	0.05	0.05	NUM
faba-267	83	28	)	)	PUNCT
faba-267	83	29	,	,	PUNCT
faba-267	83	30	but	but	CCONJ
faba-267	83	31	inflation	inflation	NOUN
faba-267	83	32	had	have	VERB
faba-267	83	33	a	a	DET
faba-267	83	34	positive	positive	ADJ
faba-267	83	35	yet	yet	ADV
faba-267	83	36	insignificant	insignificant	ADJ
faba-267	83	37	effect	effect	NOUN
faba-267	83	38	(	(	PUNCT
faba-267	83	39	β	β	X
faba-267	83	40	=	=	SYM
faba-267	83	41	0.009	0.009	NUM
faba-267	83	42	,	,	PUNCT
faba-267	83	43	p	p	X
faba-267	83	44	=	=	PROPN
faba-267	83	45	0.501	0.501	NUM
faba-267	83	46	>	>	PUNCT
faba-267	83	47	0.05	0.05	NUM
faba-267	83	48	)	)	PUNCT
faba-267	83	49	.	.	PUNCT
faba-267	84	1	khan	khan	PROPN
faba-267	84	2	et	et	PROPN
faba-267	84	3	al	al	PROPN
faba-267	84	4	.	.	PROPN
faba-267	85	1	(	(	PUNCT
faba-267	85	2	2018	2018	NUM
faba-267	85	3	)	)	PUNCT
faba-267	85	4	used	use	VERB
faba-267	85	5	annual	annual	ADJ
faba-267	85	6	data	datum	NOUN
faba-267	85	7	from	from	ADP
faba-267	85	8	2001	2001	NUM
faba-267	85	9	to	to	ADP
faba-267	85	10	2017	2017	NUM
faba-267	85	11	to	to	PART
faba-267	85	12	analyse	analyse	VERB
faba-267	85	13	macroeconomic	macroeconomic	ADJ
faba-267	85	14	indicators	indicator	NOUN
faba-267	85	15	and	and	CCONJ
faba-267	85	16	dividend	dividend	VERB
faba-267	85	17	payout	payout	ADJ
faba-267	85	18	ratio	ratio	NOUN
faba-267	85	19	with	with	ADP
faba-267	85	20	ols	ol	NOUN
faba-267	85	21	.	.	PUNCT
faba-267	86	1	they	they	PRON
faba-267	86	2	found	find	VERB
faba-267	86	3	that	that	SCONJ
faba-267	86	4	exchange	exchange	NOUN
faba-267	86	5	rates	rate	NOUN
faba-267	86	6	positively	positively	ADV
faba-267	86	7	correlated	correlate	VERB
faba-267	86	8	with	with	ADP
faba-267	86	9	the	the	DET
faba-267	86	10	dividend	dividend	NOUN
faba-267	86	11	payout	payout	NOUN
faba-267	86	12	ratio	ratio	NOUN
faba-267	86	13	,	,	PUNCT
faba-267	86	14	while	while	SCONJ
faba-267	86	15	interest	interest	NOUN
faba-267	86	16	rates	rate	NOUN
faba-267	86	17	and	and	CCONJ
faba-267	86	18	inflation	inflation	NOUN
faba-267	86	19	had	have	VERB
faba-267	86	20	a	a	DET
faba-267	86	21	negative	negative	ADJ
faba-267	86	22	relationship	relationship	NOUN
faba-267	86	23	.	.	PUNCT
faba-267	87	1	tran	tran	PROPN
faba-267	87	2	et	et	PROPN
faba-267	87	3	al	al	PROPN
faba-267	87	4	.	.	PROPN
faba-267	88	1	(	(	PUNCT
faba-267	88	2	2019	2019	NUM
faba-267	88	3	)	)	PUNCT
faba-267	88	4	also	also	ADV
faba-267	88	5	studied	study	VERB
faba-267	88	6	money	money	NOUN
faba-267	88	7	supply	supply	NOUN
faba-267	88	8	and	and	CCONJ
faba-267	88	9	dividend	dividend	NOUN
faba-267	88	10	policies	policy	NOUN
faba-267	88	11	in	in	ADP
faba-267	88	12	vietnamese	vietnamese	ADJ
faba-267	88	13	non	non	ADJ
faba-267	88	14	-	-	ADJ
faba-267	88	15	financial	financial	ADJ
faba-267	88	16	companies	company	NOUN
faba-267	88	17	between	between	ADP
faba-267	88	18	2008	2008	NUM
faba-267	88	19	and	and	CCONJ
faba-267	88	20	2017	2017	NUM
faba-267	88	21	.	.	PUNCT
faba-267	89	1	their	their	PRON
faba-267	89	2	findings	finding	NOUN
faba-267	89	3	indicated	indicate	VERB
faba-267	89	4	that	that	SCONJ
faba-267	89	5	money	money	NOUN
faba-267	89	6	supply	supply	NOUN
faba-267	89	7	positively	positively	ADV
faba-267	89	8	impacted	impact	VERB
faba-267	89	9	dividend	dividend	NOUN
faba-267	89	10	policies	policy	NOUN
faba-267	89	11	,	,	PUNCT
faba-267	89	12	especially	especially	ADV
faba-267	89	13	during	during	ADP
faba-267	89	14	the	the	DET
faba-267	89	15	global	global	ADJ
faba-267	89	16	financial	financial	ADJ
faba-267	89	17	crisis	crisis	NOUN
faba-267	89	18	.	.	PUNCT
faba-267	90	1	yakubu	yakubu	PROPN
faba-267	90	2	(	(	PUNCT
faba-267	90	3	2019	2019	NUM
faba-267	90	4	)	)	PUNCT
faba-267	90	5	studied	study	VERB
faba-267	90	6	factors	factor	NOUN
faba-267	90	7	influencing	influence	VERB
faba-267	90	8	the	the	DET
faba-267	90	9	dividend	dividend	NOUN
faba-267	90	10	policies	policy	NOUN
faba-267	90	11	of	of	ADP
faba-267	90	12	listed	list	VERB
faba-267	90	13	banks	bank	NOUN
faba-267	90	14	in	in	ADP
faba-267	90	15	ghana	ghana	PROPN
faba-267	90	16	from	from	ADP
faba-267	90	17	2006	2006	NUM
faba-267	90	18	to	to	ADP
faba-267	90	19	2015	2015	NUM
faba-267	90	20	.	.	PUNCT
faba-267	91	1	the	the	DET
faba-267	91	2	analysis	analysis	NOUN
faba-267	91	3	revealed	reveal	VERB
faba-267	91	4	that	that	SCONJ
faba-267	91	5	domestic	domestic	ADJ
faba-267	91	6	macroeconomic	macroeconomic	ADJ
faba-267	91	7	instability	instability	NOUN
faba-267	91	8	,	,	PUNCT
faba-267	91	9	indicated	indicate	VERB
faba-267	91	10	by	by	ADP
faba-267	91	11	inflation	inflation	NOUN
faba-267	91	12	,	,	PUNCT
faba-267	91	13	had	have	VERB
faba-267	91	14	an	an	DET
faba-267	91	15	insignificant	insignificant	ADJ
faba-267	91	16	direct	direct	ADJ
faba-267	91	17	impact	impact	NOUN
faba-267	91	18	on	on	ADP
faba-267	91	19	these	these	DET
faba-267	91	20	policies	policy	NOUN
faba-267	91	21	.	.	PUNCT
faba-267	92	1	basse	basse	PROPN
faba-267	92	2	and	and	CCONJ
faba-267	92	3	reddemann	reddemann	PROPN
faba-267	92	4	(	(	PUNCT
faba-267	92	5	2011	2011	NUM
faba-267	92	6	)	)	PUNCT
faba-267	92	7	analysed	analyse	VERB
faba-267	92	8	dividend	dividend	NOUN
faba-267	92	9	policies	policy	NOUN
faba-267	92	10	in	in	ADP
faba-267	92	11	the	the	DET
faba-267	92	12	u.s	u.s	PROPN
faba-267	92	13	.	.	PROPN
faba-267	92	14	their	their	PRON
faba-267	92	15	results	result	NOUN
faba-267	92	16	suggested	suggest	VERB
faba-267	92	17	a	a	DET
faba-267	92	18	positive	positive	ADJ
faba-267	92	19	effect	effect	NOUN
faba-267	92	20	of	of	ADP
faba-267	92	21	inflation	inflation	NOUN
faba-267	92	22	on	on	ADP
faba-267	92	23	dividends	dividend	NOUN
faba-267	92	24	paid	pay	VERB
faba-267	92	25	out	out	ADP
faba-267	92	26	.	.	PUNCT
faba-267	93	1	romus	romus	PROPN
faba-267	93	2	et	et	PROPN
faba-267	93	3	al	al	PROPN
faba-267	93	4	.	.	PROPN
faba-267	94	1	(	(	PUNCT
faba-267	94	2	2020	2020	NUM
faba-267	94	3	)	)	PUNCT
faba-267	94	4	studied	study	VERB
faba-267	94	5	how	how	SCONJ
faba-267	94	6	macroeconomic	macroeconomic	ADJ
faba-267	94	7	factors	factor	NOUN
faba-267	94	8	,	,	PUNCT
faba-267	94	9	particularly	particularly	ADV
faba-267	94	10	gdp	gdp	NOUN
faba-267	94	11	and	and	CCONJ
faba-267	94	12	the	the	DET
faba-267	94	13	interest	interest	NOUN
faba-267	94	14	rate	rate	NOUN
faba-267	94	15	,	,	PUNCT
faba-267	94	16	influence	influence	NOUN
faba-267	94	17	dividend	dividend	NOUN
faba-267	94	18	policies	policy	NOUN
faba-267	94	19	.	.	PUNCT
faba-267	95	1	they	they	PRON
faba-267	95	2	measured	measure	VERB
faba-267	95	3	firm	firm	ADJ
faba-267	95	4	performance	performance	NOUN
faba-267	95	5	through	through	ADP
faba-267	95	6	roa	roa	NOUN
faba-267	95	7	and	and	CCONJ
faba-267	95	8	analysed	analyse	VERB
faba-267	95	9	a	a	DET
faba-267	95	10	sample	sample	NOUN
faba-267	95	11	of	of	ADP
faba-267	95	12	10	10	NUM
faba-267	95	13	out	out	ADP
faba-267	95	14	of	of	ADP
faba-267	95	15	48	48	NUM
faba-267	95	16	companies	company	NOUN
faba-267	95	17	in	in	ADP
faba-267	95	18	real	real	ADJ
faba-267	95	19	estate	estate	NOUN
faba-267	95	20	on	on	ADP
faba-267	95	21	the	the	DET
faba-267	95	22	idx	idx	PROPN
faba-267	95	23	.	.	PUNCT
faba-267	96	1	the	the	DET
faba-267	96	2	study	study	NOUN
faba-267	96	3	found	find	VERB
faba-267	96	4	that	that	SCONJ
faba-267	96	5	gdp	gdp	NOUN
faba-267	96	6	growth	growth	NOUN
faba-267	96	7	positively	positively	ADV
faba-267	96	8	affected	affect	VERB
faba-267	96	9	firm	firm	ADJ
faba-267	96	10	performance	performance	NOUN
faba-267	96	11	and	and	CCONJ
faba-267	96	12	dividend	dividend	NOUN
faba-267	96	13	policy	policy	NOUN
faba-267	96	14	,	,	PUNCT
faba-267	96	15	while	while	SCONJ
faba-267	96	16	the	the	DET
faba-267	96	17	interest	interest	NOUN
faba-267	96	18	rate	rate	NOUN
faba-267	96	19	had	have	VERB
faba-267	96	20	no	no	DET
faba-267	96	21	significant	significant	ADJ
faba-267	96	22	impact	impact	NOUN
faba-267	96	23	.	.	PUNCT
faba-267	97	1	moreover	moreover	ADV
faba-267	97	2	,	,	PUNCT
faba-267	97	3	firm	firm	ADJ
faba-267	97	4	performance	performance	NOUN
faba-267	97	5	positively	positively	ADV
faba-267	97	6	influenced	influence	VERB
faba-267	97	7	dividend	dividend	NOUN
faba-267	97	8	policy	policy	NOUN
faba-267	97	9	.	.	PUNCT
faba-267	98	1	the	the	DET
faba-267	98	2	empirical	empirical	ADJ
faba-267	98	3	studies	study	NOUN
faba-267	98	4	discussed	discuss	VERB
faba-267	98	5	in	in	ADP
faba-267	98	6	this	this	DET
faba-267	98	7	paper	paper	NOUN
faba-267	98	8	give	give	VERB
faba-267	98	9	a	a	DET
faba-267	98	10	general	general	ADJ
faba-267	98	11	picture	picture	NOUN
faba-267	98	12	of	of	ADP
faba-267	98	13	the	the	DET
faba-267	98	14	macro	macro	ADJ
faba-267	98	15	environment	environment	NOUN
faba-267	98	16	and	and	CCONJ
faba-267	98	17	dividend	dividend	NOUN
faba-267	98	18	policies	policy	NOUN
faba-267	98	19	in	in	ADP
faba-267	98	20	various	various	ADJ
faba-267	98	21	countries	country	NOUN
faba-267	98	22	and	and	CCONJ
faba-267	98	23	at	at	ADP
faba-267	98	24	different	different	ADJ
faba-267	98	25	periods	period	NOUN
faba-267	98	26	.	.	PUNCT
faba-267	99	1	rinanda	rinanda	PROPN
faba-267	99	2	(	(	PUNCT
faba-267	99	3	2022	2022	NUM
faba-267	99	4	)	)	PUNCT
faba-267	99	5	noted	note	VERB
faba-267	99	6	that	that	SCONJ
faba-267	99	7	macroeconomic	macroeconomic	ADJ
faba-267	99	8	factors	factor	NOUN
faba-267	99	9	had	have	VERB
faba-267	99	10	a	a	DET
faba-267	99	11	limited	limited	ADJ
faba-267	99	12	impact	impact	NOUN
faba-267	99	13	on	on	ADP
faba-267	99	14	indonesian	indonesian	ADJ
faba-267	99	15	dividend	dividend	NOUN
faba-267	99	16	policies	policy	NOUN
faba-267	99	17	,	,	PUNCT
faba-267	99	18	while	while	SCONJ
faba-267	99	19	mbaka	mbaka	ADV
faba-267	99	20	(	(	PUNCT
faba-267	99	21	2022	2022	NUM
faba-267	99	22	)	)	PUNCT
faba-267	99	23	found	find	VERB
faba-267	99	24	a	a	DET
faba-267	99	25	direct	direct	ADJ
faba-267	99	26	association	association	NOUN
faba-267	99	27	between	between	ADP
faba-267	99	28	money	money	NOUN
faba-267	99	29	supply	supply	NOUN
faba-267	99	30	,	,	PUNCT
faba-267	99	31	exchange	exchange	NOUN
faba-267	99	32	rates	rate	NOUN
faba-267	99	33	,	,	PUNCT
faba-267	99	34	and	and	CCONJ
faba-267	99	35	dividend	dividend	NOUN
faba-267	99	36	payments	payment	NOUN
faba-267	99	37	in	in	ADP
faba-267	99	38	kenya	kenya	PROPN
faba-267	99	39	.	.	PUNCT
faba-267	100	1	khan	khan	PROPN
faba-267	100	2	et	et	PROPN
faba-267	100	3	al	al	PROPN
faba-267	100	4	.	.	PROPN
faba-267	101	1	(	(	PUNCT
faba-267	101	2	2018	2018	NUM
faba-267	101	3	)	)	PUNCT
faba-267	101	4	reported	report	VERB
faba-267	101	5	that	that	SCONJ
faba-267	101	6	exchange	exchange	NOUN
faba-267	101	7	rates	rate	NOUN
faba-267	101	8	positively	positively	ADV
faba-267	101	9	affected	affect	VERB
faba-267	101	10	pakistan	pakistan	PROPN
faba-267	101	11	's	's	PART
faba-267	101	12	dividend	dividend	NOUN
faba-267	101	13	policies	policy	NOUN
faba-267	101	14	,	,	PUNCT
faba-267	101	15	but	but	CCONJ
faba-267	101	16	interest	interest	NOUN
faba-267	101	17	and	and	CCONJ
faba-267	101	18	inflation	inflation	NOUN
faba-267	101	19	rates	rate	NOUN
faba-267	101	20	had	have	VERB
faba-267	101	21	negative	negative	ADJ
faba-267	101	22	effects	effect	NOUN
faba-267	101	23	.	.	PUNCT
faba-267	102	1	tran	tran	PROPN
faba-267	102	2	et	et	PROPN
faba-267	102	3	al	al	PROPN
faba-267	102	4	.	.	PROPN
faba-267	103	1	(	(	PUNCT
faba-267	103	2	2019	2019	NUM
faba-267	103	3	)	)	PUNCT
faba-267	103	4	similarly	similarly	ADV
faba-267	103	5	showed	show	VERB
faba-267	103	6	that	that	SCONJ
faba-267	103	7	money	money	NOUN
faba-267	103	8	supply	supply	NOUN
faba-267	103	9	positively	positively	ADV
faba-267	103	10	influenced	influence	VERB
faba-267	103	11	dividend	dividend	NOUN
faba-267	103	12	policies	policy	NOUN
faba-267	103	13	in	in	ADP
faba-267	103	14	vietnam	vietnam	PROPN
faba-267	103	15	.	.	PUNCT
faba-267	104	1	conceptual	conceptual	ADJ
faba-267	104	2	framework	framework	NOUN
faba-267	104	3	figure	figure	NOUN
faba-267	104	4	1	1	NUM
faba-267	104	5	shows	show	VERB
faba-267	104	6	the	the	DET
faba-267	104	7	impact	impact	NOUN
faba-267	104	8	of	of	ADP
faba-267	104	9	macroeconomic	macroeconomic	ADJ
faba-267	104	10	factors	factor	NOUN
faba-267	104	11	on	on	ADP
faba-267	104	12	a	a	DET
faba-267	104	13	firm	firm	NOUN
faba-267	104	14	's	's	PART
faba-267	104	15	dividend	dividend	NOUN
faba-267	104	16	policy	policy	NOUN
faba-267	104	17	.	.	PUNCT
faba-267	105	1	the	the	DET
faba-267	105	2	dependent	dependent	ADJ
faba-267	105	3	variable	variable	NOUN
faba-267	105	4	,	,	PUNCT
faba-267	105	5	dividend	dividend	NOUN
faba-267	105	6	policy	policy	NOUN
faba-267	105	7	,	,	PUNCT
faba-267	105	8	is	be	AUX
faba-267	105	9	influenced	influence	VERB
faba-267	105	10	by	by	ADP
faba-267	105	11	these	these	DET
faba-267	105	12	macroeconomic	macroeconomic	ADJ
faba-267	105	13	variables	variable	NOUN
faba-267	105	14	.	.	PUNCT
faba-267	106	1	the	the	DET
faba-267	106	2	study	study	NOUN
faba-267	106	3	also	also	ADV
faba-267	106	4	accounts	account	VERB
faba-267	106	5	for	for	ADP
faba-267	106	6	various	various	ADJ
faba-267	106	7	firm	firm	ADJ
faba-267	106	8	-	-	PUNCT
faba-267	106	9	specific	specific	ADJ
faba-267	106	10	factors	factor	NOUN
faba-267	106	11	,	,	PUNCT
faba-267	106	12	including	include	VERB
faba-267	106	13	size	size	NOUN
faba-267	106	14	,	,	PUNCT
faba-267	106	15	age	age	NOUN
faba-267	106	16	,	,	PUNCT
faba-267	106	17	profitability	profitability	NOUN
faba-267	106	18	(	(	PUNCT
faba-267	106	19	measured	measure	VERB
faba-267	106	20	by	by	ADP
faba-267	106	21	roa	roa	PROPN
faba-267	106	22	and	and	CCONJ
faba-267	106	23	roe	roe	PROPN
faba-267	106	24	)	)	PUNCT
faba-267	106	25	,	,	PUNCT
faba-267	106	26	retained	retain	VERB
faba-267	106	27	earnings	earning	NOUN
faba-267	106	28	,	,	PUNCT
faba-267	106	29	and	and	CCONJ
faba-267	106	30	cash	cash	NOUN
faba-267	106	31	reserves	reserve	NOUN
faba-267	106	32	,	,	PUNCT
faba-267	106	33	as	as	SCONJ
faba-267	106	34	these	these	DET
faba-267	106	35	elements	element	NOUN
faba-267	106	36	also	also	ADV
faba-267	106	37	play	play	VERB
faba-267	106	38	a	a	DET
faba-267	106	39	substantial	substantial	ADJ
faba-267	106	40	part	part	NOUN
faba-267	106	41	in	in	ADP
faba-267	106	42	shaping	shape	VERB
faba-267	106	43	the	the	DET
faba-267	106	44	company	company	NOUN
faba-267	106	45	's	's	PART
faba-267	106	46	dividend	dividend	NOUN
faba-267	106	47	policy	policy	NOUN
faba-267	106	48	.	.	PUNCT
faba-267	107	1	(	(	PUNCT
faba-267	107	2	rinanda	rinanda	PROPN
faba-267	107	3	2022	2022	NUM
faba-267	107	4	;	;	PUNCT
faba-267	107	5	yakubu	yakubu	PROPN
faba-267	107	6	2019	2019	NUM
faba-267	107	7	;	;	PUNCT
faba-267	107	8	marfo	marfo	ADJ
faba-267	107	9	-	-	PUNCT
faba-267	107	10	yiadom	yiadom	NOUN
faba-267	107	11	and	and	CCONJ
faba-267	107	12	agyei	agyei	NOUN
faba-267	107	13	2011	2011	NUM
faba-267	107	14	;	;	PUNCT
faba-267	107	15	ghafoor	ghafoor	PROPN
faba-267	107	16	et	et	PROPN
faba-267	107	17	al	al	PROPN
faba-267	107	18	.	.	PROPN
faba-267	107	19	2014	2014	NUM
faba-267	107	20	;	;	PUNCT
faba-267	107	21	tran	tran	PROPN
faba-267	107	22	et	et	PROPN
faba-267	107	23	al	al	PROPN
faba-267	107	24	.	.	PROPN
faba-267	107	25	2019	2019	NUM
faba-267	107	26	)	)	PUNCT
faba-267	107	27	doffour	doffour	NOUN
faba-267	107	28	,	,	PUNCT
faba-267	107	29	asamoah	asamoah	NOUN
faba-267	107	30	,	,	PUNCT
faba-267	107	31	anim	anim	NOUN
faba-267	107	32	,	,	PUNCT
faba-267	107	33	agyenim	agyenim	NOUN
faba-267	107	34	-	-	PUNCT
faba-267	107	35	boateng	boateng	NOUN
faba-267	107	36	/	/	SYM
faba-267	107	37	finance	finance	NOUN
faba-267	107	38	,	,	PUNCT
faba-267	107	39	accounting	accounting	NOUN
faba-267	107	40	and	and	CCONJ
faba-267	107	41	business	business	NOUN
faba-267	107	42	analysis	analysis	NOUN
faba-267	107	43	,	,	PUNCT
faba-267	107	44	volume	volume	NOUN
faba-267	107	45	7	7	NUM
faba-267	107	46	,	,	PUNCT
faba-267	107	47	issue1	issue1	ADV
faba-267	107	48	,	,	PUNCT
faba-267	107	49	2025	2025	NUM
faba-267	107	50	124	124	NUM
faba-267	107	51	source	source	NOUN
faba-267	107	52	:	:	PUNCT
faba-267	107	53	authors	author	NOUN
faba-267	107	54	’	’	PART
faba-267	107	55	compilation	compilation	NOUN
faba-267	107	56	figure	figure	NOUN
faba-267	107	57	1	1	NUM
faba-267	107	58	.	.	PUNCT
faba-267	107	59	conceptual	conceptual	ADJ
faba-267	107	60	framework	framework	NOUN
faba-267	107	61	research	research	NOUN
faba-267	107	62	methods	method	NOUN
faba-267	107	63	the	the	DET
faba-267	107	64	study	study	NOUN
faba-267	107	65	examined	examine	VERB
faba-267	107	66	a	a	DET
faba-267	107	67	sample	sample	NOUN
faba-267	107	68	of	of	ADP
faba-267	107	69	10	10	NUM
faba-267	107	70	financial	financial	ADJ
faba-267	107	71	and	and	CCONJ
faba-267	107	72	13	13	NUM
faba-267	107	73	non	non	ADJ
faba-267	107	74	-	-	ADJ
faba-267	107	75	financial	financial	ADJ
faba-267	107	76	companies	company	NOUN
faba-267	107	77	listed	list	VERB
faba-267	107	78	in	in	ADP
faba-267	107	79	ghana	ghana	PROPN
faba-267	107	80	that	that	PRON
faba-267	107	81	provided	provide	VERB
faba-267	107	82	annual	annual	ADJ
faba-267	107	83	statements	statement	NOUN
faba-267	107	84	from	from	ADP
faba-267	107	85	2013	2013	NUM
faba-267	107	86	to	to	ADP
faba-267	107	87	2022	2022	NUM
faba-267	107	88	.	.	PUNCT
faba-267	108	1	a	a	DET
faba-267	108	2	quantitative	quantitative	ADJ
faba-267	108	3	approach	approach	NOUN
faba-267	108	4	was	be	AUX
faba-267	108	5	employed	employ	VERB
faba-267	108	6	to	to	PART
faba-267	108	7	gather	gather	VERB
faba-267	108	8	secondary	secondary	ADJ
faba-267	108	9	data	datum	NOUN
faba-267	108	10	.	.	PUNCT
faba-267	109	1	data	datum	NOUN
faba-267	109	2	on	on	ADP
faba-267	109	3	macroeconomic	macroeconomic	ADJ
faba-267	109	4	variables	variable	NOUN
faba-267	109	5	were	be	AUX
faba-267	109	6	obtained	obtain	VERB
faba-267	109	7	from	from	ADP
faba-267	109	8	the	the	DET
faba-267	109	9	annual	annual	ADJ
faba-267	109	10	reports	report	NOUN
faba-267	109	11	of	of	ADP
faba-267	109	12	the	the	DET
faba-267	109	13	bank	bank	NOUN
faba-267	109	14	of	of	ADP
faba-267	109	15	ghana	ghana	PROPN
faba-267	109	16	,	,	PUNCT
faba-267	109	17	while	while	SCONJ
faba-267	109	18	information	information	NOUN
faba-267	109	19	regarding	regard	VERB
faba-267	109	20	the	the	DET
faba-267	109	21	dividend	dividend	NOUN
faba-267	109	22	payout	payout	NOUN
faba-267	109	23	policy	policy	NOUN
faba-267	109	24	was	be	AUX
faba-267	109	25	obtained	obtain	VERB
faba-267	109	26	from	from	ADP
faba-267	109	27	the	the	DET
faba-267	109	28	statements	statement	NOUN
faba-267	109	29	of	of	ADP
faba-267	109	30	the	the	DET
faba-267	109	31	firms	firm	NOUN
faba-267	109	32	in	in	ADP
faba-267	109	33	focus	focus	NOUN
faba-267	109	34	.	.	PUNCT
faba-267	110	1	the	the	DET
faba-267	110	2	dependent	dependent	ADJ
faba-267	110	3	variable	variable	NOUN
faba-267	110	4	was	be	AUX
faba-267	110	5	dividend	dividend	NOUN
faba-267	110	6	policy	policy	NOUN
faba-267	110	7	.	.	PUNCT
faba-267	111	1	the	the	DET
faba-267	111	2	independent	independent	ADJ
faba-267	111	3	variable	variable	NOUN
faba-267	111	4	,	,	PUNCT
faba-267	111	5	encompassing	encompass	VERB
faba-267	111	6	macroeconomic	macroeconomic	ADJ
faba-267	111	7	variables	variable	NOUN
faba-267	111	8	,	,	PUNCT
faba-267	111	9	was	be	AUX
faba-267	111	10	assessed	assess	VERB
faba-267	111	11	through	through	ADP
faba-267	111	12	money	money	NOUN
faba-267	111	13	supply	supply	NOUN
faba-267	111	14	,	,	PUNCT
faba-267	111	15	inflation	inflation	NOUN
faba-267	111	16	,	,	PUNCT
faba-267	111	17	exchange	exchange	NOUN
faba-267	111	18	rates	rate	NOUN
faba-267	111	19	,	,	PUNCT
faba-267	111	20	and	and	CCONJ
faba-267	111	21	interest	interest	NOUN
faba-267	111	22	rates	rate	NOUN
faba-267	111	23	.	.	PUNCT
faba-267	112	1	the	the	DET
faba-267	112	2	analysis	analysis	NOUN
faba-267	112	3	also	also	ADV
faba-267	112	4	controlled	control	VERB
faba-267	112	5	for	for	ADP
faba-267	112	6	firm	firm	ADJ
faba-267	112	7	-	-	PUNCT
faba-267	112	8	specific	specific	ADJ
faba-267	112	9	variables	variable	NOUN
faba-267	112	10	,	,	PUNCT
faba-267	112	11	including	include	VERB
faba-267	112	12	firm	firm	ADJ
faba-267	112	13	size	size	NOUN
faba-267	112	14	and	and	CCONJ
faba-267	112	15	age	age	NOUN
faba-267	112	16	,	,	PUNCT
faba-267	112	17	as	as	ADV
faba-267	112	18	well	well	ADV
faba-267	112	19	as	as	ADP
faba-267	112	20	leverage	leverage	NOUN
faba-267	112	21	,	,	PUNCT
faba-267	112	22	profitability	profitability	NOUN
faba-267	112	23	(	(	PUNCT
faba-267	112	24	measured	measure	VERB
faba-267	112	25	by	by	ADP
faba-267	112	26	roa	roa	PROPN
faba-267	112	27	and	and	CCONJ
faba-267	112	28	roe	roe	PROPN
faba-267	112	29	)	)	PUNCT
faba-267	112	30	,	,	PUNCT
faba-267	112	31	retained	retain	VERB
faba-267	112	32	earnings	earning	NOUN
faba-267	112	33	,	,	PUNCT
faba-267	112	34	and	and	CCONJ
faba-267	112	35	cash	cash	NOUN
faba-267	112	36	holdings	holding	NOUN
faba-267	112	37	.	.	PUNCT
faba-267	113	1	a	a	DET
faba-267	113	2	summary	summary	NOUN
faba-267	113	3	of	of	ADP
faba-267	113	4	the	the	DET
faba-267	113	5	variables	variable	NOUN
faba-267	113	6	,	,	PUNCT
faba-267	113	7	their	their	PRON
faba-267	113	8	measurements	measurement	NOUN
faba-267	113	9	,	,	PUNCT
faba-267	113	10	and	and	CCONJ
faba-267	113	11	empirical	empirical	ADJ
faba-267	113	12	justifications	justification	NOUN
faba-267	113	13	is	be	AUX
faba-267	113	14	presented	present	VERB
faba-267	113	15	in	in	ADP
faba-267	113	16	table	table	NOUN
faba-267	113	17	1	1	NUM
faba-267	113	18	.	.	PUNCT
faba-267	113	19	table	table	NOUN
faba-267	113	20	1	1	NUM
faba-267	113	21	.	.	PUNCT
faba-267	114	1	measurement	measurement	NOUN
faba-267	114	2	of	of	ADP
faba-267	114	3	variables	variables	PROPN
faba-267	114	4	variable	variable	ADJ
faba-267	114	5	measurement	measurement	NOUN
faba-267	114	6	justification	justification	NOUN
faba-267	114	7	dividend	dividend	NOUN
faba-267	114	8	policy	policy	NOUN
faba-267	114	9	dividend	dividend	NOUN
faba-267	114	10	payout	payout	NOUN
faba-267	114	11	ratio	ratio	NOUN
faba-267	114	12	,	,	PUNCT
faba-267	114	13	calculated	calculate	VERB
faba-267	114	14	as	as	ADP
faba-267	114	15	dividends	dividend	NOUN
faba-267	114	16	divided	divide	VERB
faba-267	114	17	by	by	ADP
faba-267	114	18	earnings	earning	NOUN
faba-267	114	19	haider	haider	PROPN
faba-267	114	20	et	et	PROPN
faba-267	114	21	al	al	PROPN
faba-267	114	22	.	.	PROPN
faba-267	114	23	(	(	PUNCT
faba-267	114	24	2012	2012	NUM
faba-267	114	25	)	)	PUNCT
faba-267	114	26	,	,	PUNCT
faba-267	114	27	ajide	ajide	ADJ
faba-267	114	28	and	and	CCONJ
faba-267	114	29	aderemi	aderemi	PROPN
faba-267	114	30	(	(	PUNCT
faba-267	114	31	2014	2014	NUM
faba-267	114	32	)	)	PUNCT
faba-267	114	33	,	,	PUNCT
faba-267	114	34	and	and	CCONJ
faba-267	114	35	marfo	marfo	ADJ
faba-267	114	36	-	-	PUNCT
faba-267	114	37	yiadom	yiadom	NOUN
faba-267	114	38	and	and	CCONJ
faba-267	114	39	agyei	agyei	ADJ
faba-267	114	40	(	(	PUNCT
faba-267	114	41	2011	2011	NUM
faba-267	114	42	)	)	PUNCT
faba-267	114	43	money	money	NOUN
faba-267	114	44	supply	supply	VERB
faba-267	114	45	the	the	DET
faba-267	114	46	average	average	ADJ
faba-267	114	47	annual	annual	ADJ
faba-267	114	48	monetary	monetary	ADJ
faba-267	114	49	base	base	NOUN
faba-267	114	50	(	(	PUNCT
faba-267	114	51	m2	m2	PROPN
faba-267	114	52	+	+	NOUN
faba-267	114	53	)	)	PUNCT
faba-267	114	54	nyamu	nyamu	PROPN
faba-267	114	55	(	(	PUNCT
faba-267	114	56	2016	2016	NUM
faba-267	114	57	)	)	PUNCT
faba-267	114	58	interest	interest	NOUN
faba-267	114	59	rate	rate	NOUN
faba-267	114	60	rate	rate	NOUN
faba-267	114	61	of	of	ADP
faba-267	114	62	government	government	NOUN
faba-267	114	63	treasury	treasury	NOUN
faba-267	114	64	notes	note	VERB
faba-267	114	65	issahaku	issahaku	NOUN
faba-267	114	66	et	et	PROPN
faba-267	114	67	al	al	PROPN
faba-267	114	68	.	.	PROPN
faba-267	115	1	(	(	PUNCT
faba-267	115	2	2013	2013	NUM
faba-267	115	3	)	)	PUNCT
faba-267	115	4	inflation	inflation	NOUN
faba-267	115	5	rate	rate	NOUN
faba-267	115	6	consumer	consumer	NOUN
faba-267	115	7	price	price	NOUN
faba-267	115	8	index	index	NOUN
faba-267	115	9	(	(	PUNCT
faba-267	115	10	cpi	cpi	PROPN
faba-267	115	11	)	)	PUNCT
faba-267	115	12	baba	baba	PROPN
faba-267	115	13	and	and	CCONJ
faba-267	115	14	nasieku	nasieku	PROPN
faba-267	115	15	(	(	PUNCT
faba-267	115	16	2016	2016	NUM
faba-267	115	17	)	)	PUNCT
faba-267	115	18	and	and	CCONJ
faba-267	115	19	issahaku	issahaku	NOUN
faba-267	115	20	et	et	PROPN
faba-267	115	21	al	al	PROPN
faba-267	115	22	.	.	PROPN
faba-267	116	1	(	(	PUNCT
faba-267	116	2	2013	2013	NUM
faba-267	116	3	)	)	PUNCT
faba-267	116	4	exchange	exchange	NOUN
faba-267	116	5	rate	rate	NOUN
faba-267	116	6	exchange	exchange	NOUN
faba-267	116	7	rate	rate	NOUN
faba-267	116	8	of	of	ADP
faba-267	116	9	the	the	DET
faba-267	116	10	local	local	ADJ
faba-267	116	11	currency	currency	NOUN
faba-267	116	12	per	per	ADP
faba-267	116	13	united	united	PROPN
faba-267	116	14	states	states	PROPN
faba-267	116	15	dollar	dollar	PROPN
faba-267	116	16	willy	willy	ADV
faba-267	116	17	(	(	PUNCT
faba-267	116	18	2012	2012	NUM
faba-267	116	19	)	)	PUNCT
faba-267	116	20	and	and	CCONJ
faba-267	116	21	issahaku	issahaku	NOUN
faba-267	116	22	et	et	PROPN
faba-267	116	23	al	al	PROPN
faba-267	116	24	.	.	PROPN
faba-267	117	1	(	(	PUNCT
faba-267	117	2	2013	2013	NUM
faba-267	117	3	)	)	PUNCT
faba-267	117	4	firm	firm	ADJ
faba-267	117	5	size	size	NOUN
faba-267	117	6	natural	natural	ADJ
faba-267	117	7	logarithm	logarithm	NOUN
faba-267	117	8	of	of	ADP
faba-267	117	9	a	a	DET
faba-267	117	10	firm	firm	NOUN
faba-267	117	11	’s	’s	PART
faba-267	117	12	total	total	ADJ
faba-267	117	13	assets	asset	NOUN
faba-267	117	14	elamer	elamer	VERB
faba-267	117	15	and	and	CCONJ
faba-267	117	16	benyazid	benyazid	PROPN
faba-267	117	17	(	(	PUNCT
faba-267	117	18	2018	2018	NUM
faba-267	117	19	)	)	PUNCT
faba-267	117	20	firm	firm	ADJ
faba-267	117	21	age	age	NOUN
faba-267	117	22	number	number	NOUN
faba-267	117	23	of	of	ADP
faba-267	117	24	years	year	NOUN
faba-267	117	25	since	since	SCONJ
faba-267	117	26	the	the	DET
faba-267	117	27	company	company	NOUN
faba-267	117	28	's	's	PART
faba-267	117	29	founding	founding	NOUN
faba-267	117	30	date	date	NOUN
faba-267	117	31	nzekwe	nzekwe	VERB
faba-267	117	32	et	et	PROPN
faba-267	117	33	al	al	PROPN
faba-267	117	34	.	.	PROPN
faba-267	118	1	(	(	PUNCT
faba-267	118	2	2021	2021	NUM
faba-267	118	3	)	)	PUNCT
faba-267	118	4	return	return	NOUN
faba-267	118	5	on	on	ADP
faba-267	118	6	assets	asset	NOUN
faba-267	118	7	profit	profit	NOUN
faba-267	118	8	before	before	ADP
faba-267	118	9	interest	interest	NOUN
faba-267	118	10	and	and	CCONJ
faba-267	118	11	tax	tax	NOUN
faba-267	118	12	over	over	ADP
faba-267	118	13	average	average	ADJ
faba-267	118	14	total	total	ADJ
faba-267	118	15	assets	asset	NOUN
faba-267	118	16	.	.	PUNCT
faba-267	119	1	zyadat	zyadat	NOUN
faba-267	119	2	(	(	PUNCT
faba-267	119	3	2016	2016	NUM
faba-267	119	4	)	)	PUNCT
faba-267	119	5	;	;	PUNCT
faba-267	119	6	jan	jan	PROPN
faba-267	119	7	et	et	PROPN
faba-267	119	8	al	al	PROPN
faba-267	119	9	.	.	PROPN
faba-267	120	1	(	(	PUNCT
faba-267	120	2	2019	2019	NUM
faba-267	120	3	)	)	PUNCT
faba-267	120	4	;	;	PUNCT
faba-267	120	5	and	and	CCONJ
faba-267	120	6	buallay	buallay	NOUN
faba-267	120	7	(	(	PUNCT
faba-267	120	8	2019	2019	NUM
faba-267	120	9	)	)	PUNCT
faba-267	120	10	return	return	NOUN
faba-267	120	11	on	on	ADP
faba-267	120	12	equity	equity	NOUN
faba-267	120	13	profit	profit	NOUN
faba-267	120	14	after	after	ADP
faba-267	120	15	tax	tax	NOUN
faba-267	120	16	over	over	ADP
faba-267	120	17	average	average	ADJ
faba-267	120	18	shareholders	shareholder	NOUN
faba-267	120	19	'	'	PART
faba-267	120	20	equity	equity	NOUN
faba-267	120	21	zyadat	zyadat	NOUN
faba-267	120	22	(	(	PUNCT
faba-267	120	23	2016	2016	NUM
faba-267	120	24	)	)	PUNCT
faba-267	120	25	;	;	PUNCT
faba-267	120	26	jan	jan	PROPN
faba-267	120	27	et	et	PROPN
faba-267	120	28	al	al	PROPN
faba-267	120	29	.	.	PROPN
faba-267	121	1	(	(	PUNCT
faba-267	121	2	2019	2019	NUM
faba-267	121	3	)	)	PUNCT
faba-267	121	4	;	;	PUNCT
faba-267	121	5	and	and	CCONJ
faba-267	121	6	buallay	buallay	NOUN
faba-267	121	7	(	(	PUNCT
faba-267	121	8	2019	2019	NUM
faba-267	121	9	)	)	PUNCT
faba-267	121	10	leverage	leverage	NOUN
faba-267	121	11	total	total	ADJ
faba-267	121	12	liabilities	liability	NOUN
faba-267	121	13	to	to	PART
faba-267	121	14	total	total	VERB
faba-267	121	15	assets	asset	NOUN
faba-267	121	16	sumaira	sumaira	NOUN
faba-267	121	17	and	and	CCONJ
faba-267	121	18	amjad	amjad	PROPN
faba-267	121	19	(	(	PUNCT
faba-267	121	20	2013	2013	NUM
faba-267	121	21	)	)	PUNCT
faba-267	121	22	retained	retain	VERB
faba-267	121	23	earnings	earning	NOUN
faba-267	121	24	retained	retain	VERB
faba-267	121	25	earnings	earning	NOUN
faba-267	121	26	to	to	ADP
faba-267	121	27	total	total	ADJ
faba-267	121	28	assets	asset	NOUN
faba-267	121	29	tran	tran	PROPN
faba-267	121	30	et	et	PROPN
faba-267	121	31	al	al	PROPN
faba-267	121	32	.	.	PROPN
faba-267	122	1	(	(	PUNCT
faba-267	122	2	2019	2019	NUM
faba-267	122	3	)	)	PUNCT
faba-267	122	4	cash	cash	NOUN
faba-267	122	5	holdings	holding	NOUN
faba-267	122	6	cash	cash	NOUN
faba-267	122	7	and	and	CCONJ
faba-267	122	8	cash	cash	NOUN
faba-267	122	9	equivalents	equivalent	NOUN
faba-267	122	10	to	to	ADP
faba-267	122	11	net	net	ADJ
faba-267	122	12	total	total	ADJ
faba-267	122	13	assets	asset	NOUN
faba-267	122	14	marfo	marfo	ADJ
faba-267	122	15	-	-	PUNCT
faba-267	122	16	yiadom	yiadom	NOUN
faba-267	122	17	and	and	CCONJ
faba-267	122	18	agyei	agyei	ADJ
faba-267	122	19	(	(	PUNCT
faba-267	122	20	2011	2011	NUM
faba-267	122	21	)	)	PUNCT
faba-267	122	22	and	and	CCONJ
faba-267	122	23	tran	tran	VERB
faba-267	122	24	et	et	PROPN
faba-267	122	25	al	al	PROPN
faba-267	122	26	.	.	PROPN
faba-267	123	1	(	(	PUNCT
faba-267	123	2	2019	2019	NUM
faba-267	123	3	)	)	PUNCT
faba-267	123	4	source	source	NOUN
faba-267	123	5	:	:	PUNCT
faba-267	123	6	authors	author	NOUN
faba-267	123	7	’	’	PART
faba-267	123	8	compilation	compilation	NOUN
faba-267	123	9	macroeconomic	macroeconomic	ADJ
faba-267	123	10	variables	variable	NOUN
faba-267	123	11	money	money	NOUN
faba-267	123	12	supply	supply	NOUN
faba-267	123	13	interest	interest	NOUN
faba-267	123	14	rate	rate	NOUN
faba-267	123	15	inflation	inflation	NOUN
faba-267	123	16	rate	rate	NOUN
faba-267	123	17	exchange	exchange	NOUN
faba-267	123	18	rate	rate	NOUN
faba-267	123	19	control	control	PROPN
faba-267	123	20	variables	variable	NOUN
faba-267	123	21	firm	firm	ADJ
faba-267	123	22	age	age	NOUN
faba-267	123	23	firm	firm	NOUN
faba-267	123	24	size	size	NOUN
faba-267	123	25	leverage	leverage	NOUN
faba-267	123	26	return	return	NOUN
faba-267	123	27	on	on	ADP
faba-267	123	28	assets	asset	NOUN
faba-267	123	29	return	return	VERB
faba-267	123	30	on	on	ADP
faba-267	123	31	equity	equity	NOUN
faba-267	123	32	cash	cash	NOUN
faba-267	123	33	holdings	holding	NOUN
faba-267	123	34	retained	retain	VERB
faba-267	123	35	earnings	earning	NOUN
faba-267	123	36	dividend	dividend	NOUN
faba-267	123	37	policy	policy	NOUN
faba-267	123	38	doffour	doffour	NOUN
faba-267	123	39	,	,	PUNCT
faba-267	123	40	asamoah	asamoah	NOUN
faba-267	123	41	,	,	PUNCT
faba-267	123	42	anim	anim	NOUN
faba-267	123	43	,	,	PUNCT
faba-267	123	44	agyenim	agyenim	NOUN
faba-267	123	45	-	-	PUNCT
faba-267	123	46	boateng	boateng	NOUN
faba-267	123	47	/	/	SYM
faba-267	123	48	finance	finance	NOUN
faba-267	123	49	,	,	PUNCT
faba-267	123	50	accounting	accounting	NOUN
faba-267	123	51	and	and	CCONJ
faba-267	123	52	business	business	NOUN
faba-267	123	53	analysis	analysis	NOUN
faba-267	123	54	,	,	PUNCT
faba-267	123	55	volume	volume	NOUN
faba-267	123	56	7	7	NUM
faba-267	123	57	,	,	PUNCT
faba-267	123	58	issue1	issue1	ADV
faba-267	123	59	,	,	PUNCT
faba-267	123	60	2025	2025	NUM
faba-267	123	61	125	125	NUM
faba-267	123	62	the	the	DET
faba-267	123	63	study	study	NOUN
faba-267	123	64	adopted	adopt	VERB
faba-267	123	65	a	a	DET
faba-267	123	66	panel	panel	NOUN
faba-267	123	67	design	design	NOUN
faba-267	123	68	because	because	SCONJ
faba-267	123	69	the	the	DET
faba-267	123	70	data	data	NOUN
faba-267	123	71	structure	structure	NOUN
faba-267	123	72	was	be	AUX
faba-267	123	73	of	of	ADP
faba-267	123	74	time	time	NOUN
faba-267	123	75	series	series	NOUN
faba-267	123	76	(	(	PUNCT
faba-267	123	77	years	year	NOUN
faba-267	123	78	)	)	PUNCT
faba-267	123	79	and	and	CCONJ
faba-267	123	80	crosssectional	crosssectional	ADJ
faba-267	123	81	(	(	PUNCT
faba-267	123	82	firms	firm	NOUN
faba-267	123	83	)	)	PUNCT
faba-267	123	84	.	.	PUNCT
faba-267	124	1	based	base	VERB
faba-267	124	2	on	on	ADP
faba-267	124	3	this	this	DET
faba-267	124	4	structure	structure	NOUN
faba-267	124	5	,	,	PUNCT
faba-267	124	6	the	the	DET
faba-267	124	7	two	two	NUM
faba-267	124	8	-	-	PUNCT
faba-267	124	9	step	step	NOUN
faba-267	124	10	system	system	NOUN
faba-267	124	11	gmm	gmm	X
faba-267	124	12	by	by	ADP
faba-267	124	13	blundell	blundell	PROPN
faba-267	124	14	and	and	CCONJ
faba-267	124	15	bond	bond	NOUN
faba-267	124	16	(	(	PUNCT
faba-267	124	17	1998	1998	NUM
faba-267	124	18	)	)	PUNCT
faba-267	124	19	was	be	AUX
faba-267	124	20	used	use	VERB
faba-267	124	21	.	.	PUNCT
faba-267	125	1	the	the	DET
faba-267	125	2	model	model	NOUN
faba-267	125	3	used	use	VERB
faba-267	125	4	is	be	AUX
faba-267	125	5	as	as	SCONJ
faba-267	125	6	follows	follow	VERB
faba-267	125	7	:	:	PUNCT
faba-267	125	8	dividend	dividend	NOUN
faba-267	125	9	policyit	policyit	NOUN
faba-267	125	10	=	=	SYM
faba-267	125	11	β0it+b1money	β0it+b1money	NOUN
faba-267	125	12	supplyit+b2interest	supplyit+b2inter	ADJ
faba-267	125	13	rateit+b3exchange	rateit+b3exchange	NOUN
faba-267	125	14	rateit+	rateit+	PUNCT
faba-267	125	15	b4inflation	b4inflation	NOUN
faba-267	125	16	rateit+b5firm	rateit+b5firm	NOUN
faba-267	125	17	ageit+b6firm	ageit+b6firm	ADJ
faba-267	125	18	sizeit+b7return	sizeit+b7return	NOUN
faba-267	125	19	on	on	ADP
faba-267	125	20	assetsit+b8return	assetsit+b8return	NOUN
faba-267	125	21	on	on	ADP
faba-267	125	22	equity	equity	NOUN
faba-267	125	23	it+	it+	PROPN
faba-267	125	24	b9leverageit+b10retained	b9leverageit+b10retaine	VERB
faba-267	125	25	earningsit	earningsit	VERB
faba-267	126	1	+	+	ADP
faba-267	126	2	b11cash	b11cash	VERB
faba-267	126	3	holdingsit+ɛit	holdingsit+ɛit	NOUN
faba-267	126	4	(	(	PUNCT
faba-267	126	5	1	1	NUM
faba-267	126	6	)	)	PUNCT
faba-267	127	1	where	where	SCONJ
faba-267	127	2	:	:	PUNCT
faba-267	127	3	β	β	X
faba-267	127	4	=	=	PUNCT
faba-267	127	5	regression	regression	NOUN
faba-267	127	6	coefficient	coefficient	NOUN
faba-267	127	7	i=	i=	PRON
faba-267	127	8	each	each	DET
faba-267	127	9	firm	firm	ADJ
faba-267	127	10	t=	t=	ADJ
faba-267	127	11	time	time	NOUN
faba-267	127	12	dimension	dimension	NOUN
faba-267	127	13	(	(	PUNCT
faba-267	127	14	years	year	NOUN
faba-267	127	15	)	)	PUNCT
faba-267	128	1	ɛ	ɛ	PROPN
faba-267	128	2	=	=	NOUN
faba-267	128	3	error	error	NOUN
faba-267	128	4	term	term	NOUN
faba-267	128	5	results	result	NOUN
faba-267	128	6	and	and	CCONJ
faba-267	128	7	discussion	discussion	VERB
faba-267	128	8	the	the	DET
faba-267	128	9	descriptive	descriptive	ADJ
faba-267	128	10	analysis	analysis	NOUN
faba-267	128	11	of	of	ADP
faba-267	128	12	the	the	DET
faba-267	128	13	data	data	NOUN
faba-267	128	14	gives	give	VERB
faba-267	128	15	a	a	DET
faba-267	128	16	general	general	ADJ
faba-267	128	17	outlook	outlook	NOUN
faba-267	128	18	of	of	ADP
faba-267	128	19	the	the	DET
faba-267	128	20	major	major	ADJ
faba-267	128	21	variables	variable	NOUN
faba-267	128	22	of	of	ADP
faba-267	128	23	interest	interest	NOUN
faba-267	128	24	(	(	PUNCT
faba-267	128	25	macroeconomic	macroeconomic	ADJ
faba-267	128	26	factors	factor	NOUN
faba-267	128	27	,	,	PUNCT
faba-267	128	28	dividend	dividend	NOUN
faba-267	128	29	policy	policy	NOUN
faba-267	128	30	and	and	CCONJ
faba-267	128	31	firm	firm	ADJ
faba-267	128	32	-	-	PUNCT
faba-267	128	33	specific	specific	ADJ
faba-267	128	34	factors	factor	NOUN
faba-267	128	35	)	)	PUNCT
faba-267	128	36	.	.	PUNCT
faba-267	129	1	table	table	NOUN
faba-267	129	2	2	2	NUM
faba-267	129	3	.	.	PUNCT
faba-267	129	4	descriptive	descriptive	ADJ
faba-267	129	5	statistics	statistic	NOUN
faba-267	129	6	variable	variable	ADJ
faba-267	129	7	obs	obs	PROPN
faba-267	129	8	.	.	PUNCT
faba-267	130	1	mean	mean	VERB
faba-267	130	2	std	std	PROPN
faba-267	130	3	.	.	PROPN
faba-267	131	1	dev	dev	PROPN
faba-267	131	2	(	(	PUNCT
faba-267	131	3	sd	sd	NOUN
faba-267	131	4	)	)	PUNCT
faba-267	131	5	min	min	NOUN
faba-267	131	6	max	max	PROPN
faba-267	131	7	dividend	dividend	NOUN
faba-267	131	8	payout	payout	NOUN
faba-267	131	9	ratio	ratio	NOUN
faba-267	131	10	299	299	NUM
faba-267	131	11	0.234	0.234	NUM
faba-267	131	12	1.455	1.455	NUM
faba-267	131	13	-20.29	-20.29	PROPN
faba-267	131	14	13.166	13.166	NUM
faba-267	131	15	money	money	NOUN
faba-267	131	16	supply	supply	NOUN
faba-267	131	17	299	299	NUM
faba-267	131	18	4.716	4.716	NUM
faba-267	131	19	0.338	0.338	NUM
faba-267	131	20	4.136	4.136	NUM
faba-267	131	21	5.256	5.256	NUM
faba-267	131	22	interest	interest	NOUN
faba-267	131	23	rate	rate	NOUN
faba-267	131	24	299	299	NUM
faba-267	131	25	0.191	0.191	NUM
faba-267	131	26	0.061	0.061	NUM
faba-267	131	27	0.113	0.113	NUM
faba-267	131	28	0.361	0.361	NUM
faba-267	131	29	inflation	inflation	NOUN
faba-267	131	30	299	299	NUM
faba-267	131	31	0.151	0.151	NUM
faba-267	131	32	0.117	0.117	NUM
faba-267	131	33	0.079	0.079	NUM
faba-267	131	34	0.541	0.541	NUM
faba-267	131	35	exchange	exchange	NOUN
faba-267	131	36	rate	rate	NOUN
faba-267	131	37	299	299	NUM
faba-267	131	38	0.323	0.323	NUM
faba-267	131	39	0.183	0.183	NUM
faba-267	131	40	0.117	0.117	NUM
faba-267	131	41	0.679	0.679	NUM
faba-267	131	42	firm	firm	ADJ
faba-267	131	43	size	size	NOUN
faba-267	131	44	299	299	NUM
faba-267	131	45	5.907	5.907	NUM
faba-267	131	46	1.092	1.092	NUM
faba-267	131	47	2.762	2.762	NUM
faba-267	131	48	8.396	8.396	NUM
faba-267	131	49	firm	firm	ADJ
faba-267	131	50	age	age	NOUN
faba-267	131	51	299	299	NUM
faba-267	131	52	46.565	46.565	NUM
faba-267	131	53	24.427	24.427	NUM
faba-267	131	54	6	6	NUM
faba-267	131	55	126	126	NUM
faba-267	131	56	leverage	leverage	NOUN
faba-267	131	57	299	299	NUM
faba-267	131	58	0.747	0.747	NUM
faba-267	131	59	0.251	0.251	NUM
faba-267	131	60	0.049	0.049	NUM
faba-267	131	61	1.947	1.947	NUM
faba-267	131	62	return	return	NOUN
faba-267	131	63	on	on	ADP
faba-267	131	64	assets	asset	NOUN
faba-267	131	65	299	299	NUM
faba-267	131	66	0.056	0.056	NUM
faba-267	131	67	0.115	0.115	NUM
faba-267	131	68	-0.603	-0.603	NUM
faba-267	131	69	0.635	0.635	NUM
faba-267	131	70	return	return	NOUN
faba-267	131	71	on	on	ADP
faba-267	131	72	equity	equity	NOUN
faba-267	131	73	299	299	NUM
faba-267	131	74	1.032	1.032	NUM
faba-267	131	75	17.317	17.317	NUM
faba-267	131	76	-14.96	-14.96	PROPN
faba-267	131	77	298.516	298.516	NUM
faba-267	131	78	cash	cash	NOUN
faba-267	131	79	holdings	holding	NOUN
faba-267	131	80	299	299	NUM
faba-267	131	81	0.116	0.116	NUM
faba-267	131	82	0.096	0.096	NUM
faba-267	131	83	0	0	NUM
faba-267	131	84	0.456	0.456	NUM
faba-267	131	85	retained	retain	VERB
faba-267	131	86	earnings	earning	NOUN
faba-267	131	87	299	299	NUM
faba-267	131	88	0.016	0.016	NUM
faba-267	131	89	0.344	0.344	NUM
faba-267	131	90	-1.572	-1.572	PROPN
faba-267	131	91	0.821	0.821	NUM
faba-267	131	92	source	source	NOUN
faba-267	131	93	:	:	PUNCT
faba-267	131	94	authors	author	NOUN
faba-267	131	95	’	’	PART
faba-267	131	96	compilation	compilation	NOUN
faba-267	131	97	descriptive	descriptive	ADJ
faba-267	131	98	statistics	statistic	NOUN
faba-267	131	99	the	the	DET
faba-267	131	100	average	average	NOUN
faba-267	131	101	of	of	ADP
faba-267	131	102	the	the	DET
faba-267	131	103	dividend	dividend	NOUN
faba-267	131	104	payout	payout	NOUN
faba-267	131	105	ratio	ratio	NOUN
faba-267	131	106	variable	variable	NOUN
faba-267	131	107	is	be	AUX
faba-267	131	108	0.234	0.234	NUM
faba-267	131	109	,	,	PUNCT
faba-267	131	110	which	which	PRON
faba-267	131	111	shows	show	VERB
faba-267	131	112	that	that	SCONJ
faba-267	131	113	,	,	PUNCT
faba-267	131	114	on	on	ADP
faba-267	131	115	average	average	ADJ
faba-267	131	116	,	,	PUNCT
faba-267	131	117	firms	firm	NOUN
faba-267	131	118	remit	remit	VERB
faba-267	131	119	a	a	DET
faba-267	131	120	small	small	ADJ
faba-267	131	121	proportion	proportion	NOUN
faba-267	131	122	of	of	ADP
faba-267	131	123	their	their	PRON
faba-267	131	124	earnings	earning	NOUN
faba-267	131	125	as	as	ADP
faba-267	131	126	cash	cash	NOUN
faba-267	131	127	as	as	ADP
faba-267	131	128	dividends	dividend	NOUN
faba-267	131	129	.	.	PUNCT
faba-267	132	1	the	the	DET
faba-267	132	2	high	high	ADJ
faba-267	132	3	standard	standard	ADJ
faba-267	132	4	deviation	deviation	NOUN
faba-267	132	5	(	(	PUNCT
faba-267	132	6	sd	sd	NOUN
faba-267	132	7	)	)	PUNCT
faba-267	132	8	of	of	ADP
faba-267	132	9	1.455	1.455	NUM
faba-267	132	10	indicates	indicate	VERB
faba-267	132	11	a	a	DET
faba-267	132	12	high	high	ADJ
faba-267	132	13	volatility	volatility	NOUN
faba-267	132	14	in	in	ADP
faba-267	132	15	the	the	DET
faba-267	132	16	dividend	dividend	NOUN
faba-267	132	17	behaviour	behaviour	NOUN
faba-267	132	18	of	of	ADP
faba-267	132	19	firms	firm	NOUN
faba-267	132	20	,	,	PUNCT
faba-267	132	21	with	with	ADP
faba-267	132	22	the	the	DET
faba-267	132	23	highest	high	ADJ
faba-267	132	24	payout	payout	NOUN
faba-267	132	25	being	be	AUX
faba-267	132	26	13.166	13.166	NUM
faba-267	132	27	.	.	PUNCT
faba-267	133	1	the	the	DET
faba-267	133	2	minimum	minimum	ADJ
faba-267	133	3	value	value	NOUN
faba-267	133	4	is	be	AUX
faba-267	133	5	negative	negative	ADJ
faba-267	133	6	(	(	PUNCT
faba-267	133	7	-20.29	-20.29	PROPN
faba-267	133	8	)	)	PUNCT
faba-267	133	9	,	,	PUNCT
faba-267	133	10	which	which	PRON
faba-267	133	11	indicates	indicate	VERB
faba-267	133	12	that	that	SCONJ
faba-267	133	13	some	some	DET
faba-267	133	14	firms	firm	NOUN
faba-267	133	15	paid	pay	VERB
faba-267	133	16	dividends	dividend	NOUN
faba-267	133	17	even	even	ADV
faba-267	133	18	in	in	ADP
faba-267	133	19	the	the	DET
faba-267	133	20	years	year	NOUN
faba-267	133	21	that	that	SCONJ
faba-267	133	22	they	they	PRON
faba-267	133	23	realised	realise	VERB
faba-267	133	24	losses	loss	NOUN
faba-267	133	25	.	.	PUNCT
faba-267	134	1	money	money	NOUN
faba-267	134	2	supply	supply	NOUN
faba-267	134	3	showed	show	VERB
faba-267	134	4	an	an	DET
faba-267	134	5	average	average	NOUN
faba-267	134	6	of	of	ADP
faba-267	134	7	4.716	4.716	NUM
faba-267	134	8	with	with	ADP
faba-267	134	9	an	an	DET
faba-267	134	10	sd	sd	NOUN
faba-267	134	11	of	of	ADP
faba-267	134	12	0.338	0.338	NUM
faba-267	134	13	,	,	PUNCT
faba-267	134	14	ranging	range	VERB
faba-267	134	15	from	from	ADP
faba-267	134	16	4.136	4.136	NUM
faba-267	134	17	to	to	ADP
faba-267	134	18	5.256	5.256	NUM
faba-267	134	19	.	.	PUNCT
faba-267	135	1	the	the	DET
faba-267	135	2	interest	interest	NOUN
faba-267	135	3	rate	rate	NOUN
faba-267	135	4	averages	average	NOUN
faba-267	135	5	19.1	19.1	NUM
faba-267	135	6	%	%	NOUN
faba-267	135	7	with	with	ADP
faba-267	135	8	a	a	DET
faba-267	135	9	standard	standard	ADJ
faba-267	135	10	deviation	deviation	NOUN
faba-267	135	11	of	of	ADP
faba-267	135	12	0.061	0.061	NUM
faba-267	135	13	,	,	PUNCT
faba-267	135	14	ranging	range	VERB
faba-267	135	15	between	between	ADP
faba-267	135	16	11.3	11.3	NUM
faba-267	135	17	%	%	NOUN
faba-267	135	18	and	and	CCONJ
faba-267	135	19	36.1	36.1	NUM
faba-267	135	20	%	%	NOUN
faba-267	135	21	.	.	PUNCT
faba-267	136	1	the	the	DET
faba-267	136	2	inflation	inflation	NOUN
faba-267	136	3	rate	rate	NOUN
faba-267	136	4	has	have	VERB
faba-267	136	5	a	a	DET
faba-267	136	6	mean	mean	NOUN
faba-267	136	7	of	of	ADP
faba-267	136	8	15.1	15.1	NUM
faba-267	136	9	%	%	NOUN
faba-267	136	10	,	,	PUNCT
faba-267	136	11	which	which	PRON
faba-267	136	12	indicates	indicate	VERB
faba-267	136	13	a	a	DET
faba-267	136	14	moderately	moderately	ADV
faba-267	136	15	inflationary	inflationary	ADJ
faba-267	136	16	environment	environment	NOUN
faba-267	136	17	with	with	ADP
faba-267	136	18	a	a	DET
faba-267	136	19	standard	standard	ADJ
faba-267	136	20	deviation	deviation	NOUN
faba-267	136	21	of	of	ADP
faba-267	136	22	0.117	0.117	NUM
faba-267	136	23	,	,	PUNCT
faba-267	136	24	ranging	range	VERB
faba-267	136	25	between	between	ADP
faba-267	136	26	7.9	7.9	NUM
faba-267	136	27	%	%	NOUN
faba-267	136	28	and	and	CCONJ
faba-267	136	29	54.1	54.1	NUM
faba-267	136	30	%	%	NOUN
faba-267	136	31	.	.	PUNCT
faba-267	137	1	the	the	DET
faba-267	137	2	exchange	exchange	NOUN
faba-267	137	3	rate	rate	NOUN
faba-267	137	4	variable	variable	NOUN
faba-267	137	5	showed	show	VERB
faba-267	137	6	an	an	DET
faba-267	137	7	average	average	NOUN
faba-267	137	8	of	of	ADP
faba-267	137	9	0.323	0.323	NUM
faba-267	137	10	and	and	CCONJ
faba-267	137	11	an	an	DET
faba-267	137	12	sd	sd	NOUN
faba-267	137	13	of	of	ADP
faba-267	137	14	0.183	0.183	NUM
faba-267	137	15	,	,	PUNCT
faba-267	137	16	which	which	PRON
faba-267	137	17	ranges	range	VERB
faba-267	137	18	from	from	ADP
faba-267	137	19	0.117	0.117	NUM
faba-267	137	20	to	to	ADP
faba-267	137	21	0.679	0.679	NUM
faba-267	137	22	.	.	PUNCT
faba-267	138	1	regarding	regard	VERB
faba-267	138	2	the	the	DET
faba-267	138	3	analysis	analysis	NOUN
faba-267	138	4	of	of	ADP
faba-267	138	5	the	the	DET
faba-267	138	6	firm	firm	ADJ
faba-267	138	7	size	size	NOUN
faba-267	138	8	,	,	PUNCT
faba-267	138	9	the	the	DET
faba-267	138	10	mean	mean	ADJ
faba-267	138	11	value	value	NOUN
faba-267	138	12	is	be	AUX
faba-267	138	13	5.907	5.907	NUM
faba-267	138	14	with	with	ADP
faba-267	138	15	an	an	DET
faba-267	138	16	sd	sd	NOUN
faba-267	138	17	of	of	ADP
faba-267	138	18	1.092	1.092	NUM
faba-267	138	19	.	.	PUNCT
faba-267	139	1	the	the	DET
faba-267	139	2	mean	mean	ADJ
faba-267	139	3	firm	firm	ADJ
faba-267	139	4	age	age	NOUN
faba-267	139	5	is	be	AUX
faba-267	139	6	46.565	46.565	NUM
faba-267	139	7	years	year	NOUN
faba-267	139	8	,	,	PUNCT
faba-267	139	9	meaning	mean	VERB
faba-267	139	10	that	that	SCONJ
faba-267	139	11	most	most	ADJ
faba-267	139	12	of	of	ADP
faba-267	139	13	the	the	DET
faba-267	139	14	firms	firm	NOUN
faba-267	139	15	in	in	ADP
faba-267	139	16	the	the	DET
faba-267	139	17	sample	sample	NOUN
faba-267	139	18	are	be	AUX
faba-267	139	19	established	establish	VERB
faba-267	139	20	firms	firm	NOUN
faba-267	139	21	and	and	CCONJ
faba-267	139	22	have	have	AUX
faba-267	139	23	been	be	AUX
faba-267	139	24	in	in	ADP
faba-267	139	25	operation	operation	NOUN
faba-267	139	26	for	for	ADP
faba-267	139	27	a	a	DET
faba-267	139	28	long	long	ADJ
faba-267	139	29	time	time	NOUN
faba-267	139	30	.	.	PUNCT
faba-267	140	1	the	the	DET
faba-267	140	2	sd	sd	NOUN
faba-267	140	3	of	of	ADP
faba-267	140	4	24.427	24.427	NUM
faba-267	140	5	demonstrates	demonstrate	VERB
faba-267	140	6	a	a	DET
faba-267	140	7	high	high	ADJ
faba-267	140	8	variation	variation	NOUN
faba-267	140	9	in	in	ADP
faba-267	140	10	the	the	DET
faba-267	140	11	ages	age	NOUN
faba-267	140	12	of	of	ADP
faba-267	140	13	firms	firm	NOUN
faba-267	140	14	,	,	PUNCT
faba-267	140	15	from	from	ADP
faba-267	140	16	the	the	DET
faba-267	140	17	youngest	young	ADJ
faba-267	140	18	being	be	AUX
faba-267	140	19	6	6	NUM
faba-267	140	20	years	year	NOUN
faba-267	140	21	to	to	ADP
faba-267	140	22	the	the	DET
faba-267	140	23	oldest	old	ADJ
faba-267	140	24	being	be	AUX
faba-267	140	25	126	126	NUM
faba-267	140	26	years	year	NOUN
faba-267	140	27	.	.	PUNCT
faba-267	141	1	the	the	DET
faba-267	141	2	leverage	leverage	NOUN
faba-267	141	3	variable	variable	NOUN
faba-267	141	4	has	have	VERB
faba-267	141	5	a	a	DET
faba-267	141	6	mean	mean	NOUN
faba-267	141	7	of	of	ADP
faba-267	141	8	0.747	0.747	NUM
faba-267	141	9	with	with	ADP
faba-267	141	10	an	an	DET
faba-267	141	11	sd	sd	NOUN
faba-267	141	12	of	of	ADP
faba-267	141	13	0.251	0.251	NUM
faba-267	141	14	,	,	PUNCT
faba-267	141	15	implying	imply	VERB
faba-267	141	16	some	some	DET
faba-267	141	17	variation	variation	NOUN
faba-267	141	18	in	in	ADP
faba-267	141	19	the	the	DET
faba-267	141	20	level	level	NOUN
faba-267	141	21	of	of	ADP
faba-267	141	22	debt	debt	NOUN
faba-267	141	23	,	,	PUNCT
faba-267	141	24	although	although	SCONJ
faba-267	141	25	the	the	DET
faba-267	141	26	leverage	leverage	NOUN
faba-267	141	27	ratio	ratio	NOUN
faba-267	141	28	varies	vary	VERB
faba-267	141	29	between	between	ADP
faba-267	141	30	0.049	0.049	NUM
faba-267	141	31	and	and	CCONJ
faba-267	141	32	1.947	1.947	NUM
faba-267	141	33	.	.	PUNCT
faba-267	142	1	doffour	doffour	NOUN
faba-267	142	2	,	,	PUNCT
faba-267	142	3	asamoah	asamoah	NOUN
faba-267	142	4	,	,	PUNCT
faba-267	142	5	anim	anim	NOUN
faba-267	142	6	,	,	PUNCT
faba-267	142	7	agyenim	agyenim	NOUN
faba-267	142	8	-	-	PUNCT
faba-267	142	9	boateng	boateng	NOUN
faba-267	142	10	/	/	SYM
faba-267	142	11	finance	finance	NOUN
faba-267	142	12	,	,	PUNCT
faba-267	142	13	accounting	accounting	NOUN
faba-267	142	14	and	and	CCONJ
faba-267	142	15	business	business	NOUN
faba-267	142	16	analysis	analysis	NOUN
faba-267	142	17	,	,	PUNCT
faba-267	142	18	volume	volume	NOUN
faba-267	142	19	7	7	NUM
faba-267	142	20	,	,	PUNCT
faba-267	142	21	issue1	issue1	ADV
faba-267	142	22	,	,	PUNCT
faba-267	142	23	2025	2025	NUM
faba-267	142	24	126	126	NUM
faba-267	142	25	the	the	DET
faba-267	142	26	mean	mean	NOUN
faba-267	142	27	for	for	ADP
faba-267	142	28	the	the	DET
faba-267	142	29	roa	roa	NOUN
faba-267	142	30	is	be	AUX
faba-267	142	31	5.6	5.6	NUM
faba-267	142	32	%	%	NOUN
faba-267	142	33	with	with	ADP
faba-267	142	34	an	an	DET
faba-267	142	35	sd	sd	NOUN
faba-267	142	36	of	of	ADP
faba-267	142	37	0.115	0.115	NUM
faba-267	142	38	,	,	PUNCT
faba-267	142	39	ranging	range	VERB
faba-267	142	40	between	between	ADP
faba-267	142	41	-0.603	-0.603	NOUN
faba-267	142	42	and	and	CCONJ
faba-267	142	43	0.635	0.635	NUM
faba-267	142	44	.	.	PUNCT
faba-267	143	1	the	the	DET
faba-267	143	2	roe	roe	NOUN
faba-267	143	3	showed	show	VERB
faba-267	143	4	an	an	DET
faba-267	143	5	average	average	NOUN
faba-267	143	6	of	of	ADP
faba-267	143	7	1.032	1.032	NUM
faba-267	143	8	and	and	CCONJ
faba-267	143	9	an	an	DET
faba-267	143	10	sd	sd	NOUN
faba-267	143	11	as	as	ADV
faba-267	143	12	high	high	ADJ
faba-267	143	13	as	as	ADP
faba-267	143	14	17.317	17.317	NUM
faba-267	143	15	,	,	PUNCT
faba-267	143	16	ranging	range	VERB
faba-267	143	17	between	between	ADP
faba-267	143	18	-14.96	-14.96	PROPN
faba-267	143	19	and	and	CCONJ
faba-267	143	20	298.516	298.516	NUM
faba-267	143	21	.	.	PUNCT
faba-267	144	1	cash	cash	NOUN
faba-267	144	2	holdings	holding	NOUN
faba-267	144	3	has	have	VERB
faba-267	144	4	a	a	DET
faba-267	144	5	mean	mean	NOUN
faba-267	144	6	of	of	ADP
faba-267	144	7	11.6	11.6	NUM
faba-267	144	8	%	%	NOUN
faba-267	144	9	of	of	ADP
faba-267	144	10	total	total	ADJ
faba-267	144	11	assets	asset	NOUN
faba-267	144	12	with	with	ADP
faba-267	144	13	an	an	DET
faba-267	144	14	sd	sd	NOUN
faba-267	144	15	of	of	ADP
faba-267	144	16	0.096	0.096	NUM
faba-267	144	17	.	.	PUNCT
faba-267	145	1	lastly	lastly	ADV
faba-267	145	2	,	,	PUNCT
faba-267	145	3	retained	retain	VERB
faba-267	145	4	earnings	earning	NOUN
faba-267	145	5	have	have	VERB
faba-267	145	6	a	a	DET
faba-267	145	7	mean	mean	NOUN
faba-267	145	8	of	of	ADP
faba-267	145	9	0.016	0.016	NUM
faba-267	145	10	and	and	CCONJ
faba-267	145	11	a	a	DET
faba-267	145	12	standard	standard	ADJ
faba-267	145	13	deviation	deviation	NOUN
faba-267	145	14	of	of	ADP
faba-267	145	15	0.344	0.344	NUM
faba-267	145	16	,	,	PUNCT
faba-267	145	17	ranging	range	VERB
faba-267	145	18	from	from	ADP
faba-267	145	19	-1.572	-1.572	PROPN
faba-267	145	20	to	to	ADP
faba-267	145	21	0.821	0.821	NUM
faba-267	145	22	.	.	PUNCT
faba-267	146	1	correlation	correlation	NOUN
faba-267	146	2	analysis	analysis	NOUN
faba-267	146	3	the	the	DET
faba-267	146	4	correlation	correlation	NOUN
faba-267	146	5	investigates	investigate	VERB
faba-267	146	6	the	the	DET
faba-267	146	7	strength	strength	NOUN
faba-267	146	8	and	and	CCONJ
faba-267	146	9	direction	direction	NOUN
faba-267	146	10	of	of	ADP
faba-267	146	11	relationships	relationship	NOUN
faba-267	146	12	between	between	ADP
faba-267	146	13	dividend	dividend	NOUN
faba-267	146	14	payout	payout	NOUN
faba-267	146	15	ratio	ratio	NOUN
faba-267	146	16	and	and	CCONJ
faba-267	146	17	various	various	ADJ
faba-267	146	18	macroeconomic	macroeconomic	ADJ
faba-267	146	19	and	and	CCONJ
faba-267	146	20	firm	firm	ADJ
faba-267	146	21	-	-	PUNCT
faba-267	146	22	specific	specific	ADJ
faba-267	146	23	variables	variable	NOUN
faba-267	146	24	while	while	SCONJ
faba-267	146	25	ensuring	ensure	VERB
faba-267	146	26	there	there	PRON
faba-267	146	27	are	be	VERB
faba-267	146	28	no	no	DET
faba-267	146	29	multicollinearity	multicollinearity	NOUN
faba-267	146	30	issues	issue	NOUN
faba-267	146	31	.	.	PUNCT
faba-267	147	1	the	the	DET
faba-267	147	2	correlation	correlation	NOUN
faba-267	147	3	between	between	ADP
faba-267	147	4	the	the	DET
faba-267	147	5	dividend	dividend	NOUN
faba-267	147	6	payout	payout	NOUN
faba-267	147	7	ratio	ratio	NOUN
faba-267	147	8	and	and	CCONJ
faba-267	147	9	money	money	NOUN
faba-267	147	10	supply	supply	NOUN
faba-267	147	11	is	be	AUX
faba-267	147	12	a	a	DET
faba-267	147	13	weak	weak	ADJ
faba-267	147	14	negative	negative	NOUN
faba-267	147	15	at	at	ADP
faba-267	147	16	-0.049	-0.049	ADJ
faba-267	147	17	.	.	PUNCT
faba-267	148	1	the	the	DET
faba-267	148	2	relationship	relationship	NOUN
faba-267	148	3	with	with	ADP
faba-267	148	4	interest	interest	NOUN
faba-267	148	5	rates	rate	NOUN
faba-267	148	6	is	be	AUX
faba-267	148	7	slightly	slightly	ADV
faba-267	148	8	positive	positive	ADJ
faba-267	148	9	at	at	ADP
faba-267	148	10	0.056	0.056	NUM
faba-267	148	11	,	,	PUNCT
faba-267	148	12	while	while	SCONJ
faba-267	148	13	inflation	inflation	NOUN
faba-267	148	14	has	have	VERB
faba-267	148	15	a	a	DET
faba-267	148	16	modestly	modestly	ADV
faba-267	148	17	stronger	strong	ADJ
faba-267	148	18	positive	positive	ADJ
faba-267	148	19	correlation	correlation	NOUN
faba-267	148	20	at	at	ADP
faba-267	148	21	0.087	0.087	NUM
faba-267	148	22	.	.	PUNCT
faba-267	149	1	the	the	DET
faba-267	149	2	exchange	exchange	NOUN
faba-267	149	3	rate	rate	NOUN
faba-267	149	4	shows	show	VERB
faba-267	149	5	a	a	DET
faba-267	149	6	weak	weak	ADJ
faba-267	149	7	positive	positive	ADJ
faba-267	149	8	correlation	correlation	NOUN
faba-267	149	9	of	of	ADP
faba-267	149	10	0.064	0.064	NUM
faba-267	149	11	.	.	PUNCT
faba-267	150	1	for	for	ADP
faba-267	150	2	firm	firm	ADJ
faba-267	150	3	-	-	PUNCT
faba-267	150	4	specific	specific	ADJ
faba-267	150	5	variables	variable	NOUN
faba-267	150	6	,	,	PUNCT
faba-267	150	7	firm	firm	ADJ
faba-267	150	8	size	size	NOUN
faba-267	150	9	shows	show	VERB
faba-267	150	10	a	a	DET
faba-267	150	11	negligible	negligible	ADJ
faba-267	150	12	correlation	correlation	NOUN
faba-267	150	13	with	with	ADP
faba-267	150	14	a	a	DET
faba-267	150	15	dividend	dividend	NOUN
faba-267	150	16	payout	payout	NOUN
faba-267	150	17	ratio	ratio	NOUN
faba-267	150	18	of	of	ADP
faba-267	150	19	0.004	0.004	NUM
faba-267	150	20	and	and	CCONJ
faba-267	150	21	firm	firm	ADJ
faba-267	150	22	age	age	NOUN
faba-267	150	23	at	at	ADP
faba-267	150	24	0.021	0.021	NUM
faba-267	150	25	.	.	PUNCT
faba-267	151	1	leverage	leverage	NOUN
faba-267	151	2	has	have	VERB
faba-267	151	3	a	a	DET
faba-267	151	4	low	low	ADJ
faba-267	151	5	negative	negative	ADJ
faba-267	151	6	correlation	correlation	NOUN
faba-267	151	7	of	of	ADP
faba-267	151	8	-0.040	-0.040	NUM
faba-267	151	9	,	,	PUNCT
faba-267	151	10	while	while	SCONJ
faba-267	151	11	roa	roa	PROPN
faba-267	151	12	has	have	VERB
faba-267	151	13	a	a	DET
faba-267	151	14	weak	weak	ADJ
faba-267	151	15	positive	positive	ADJ
faba-267	151	16	correlation	correlation	NOUN
faba-267	151	17	of	of	ADP
faba-267	151	18	0.044	0.044	NUM
faba-267	151	19	.	.	PUNCT
faba-267	152	1	interestingly	interestingly	ADV
faba-267	152	2	,	,	PUNCT
faba-267	152	3	roe	roe	PROPN
faba-267	152	4	shows	show	VERB
faba-267	152	5	a	a	DET
faba-267	152	6	near	near	ADV
faba-267	152	7	-	-	PUNCT
faba-267	152	8	zero	zero	NUM
faba-267	152	9	negative	negative	ADJ
faba-267	152	10	relationship	relationship	NOUN
faba-267	152	11	at	at	ADP
faba-267	152	12	-0.007	-0.007	PROPN
faba-267	152	13	.	.	PUNCT
faba-267	153	1	cash	cash	NOUN
faba-267	153	2	holdings	holding	NOUN
faba-267	153	3	correlate	correlate	VERB
faba-267	153	4	positively	positively	ADV
faba-267	153	5	with	with	ADP
faba-267	153	6	the	the	DET
faba-267	153	7	dividend	dividend	NOUN
faba-267	153	8	payout	payout	NOUN
faba-267	153	9	ratio	ratio	NOUN
faba-267	153	10	at	at	ADP
faba-267	153	11	0.073	0.073	NUM
faba-267	153	12	,	,	PUNCT
faba-267	153	13	and	and	CCONJ
faba-267	153	14	retained	retain	VERB
faba-267	153	15	earnings	earning	NOUN
faba-267	153	16	show	show	VERB
faba-267	153	17	a	a	DET
faba-267	153	18	low	low	ADJ
faba-267	153	19	positive	positive	ADJ
faba-267	153	20	correlation	correlation	NOUN
faba-267	153	21	of	of	ADP
faba-267	153	22	0.100	0.100	NUM
faba-267	153	23	.	.	PUNCT
faba-267	154	1	among	among	ADP
faba-267	154	2	macroeconomic	macroeconomic	ADJ
faba-267	154	3	variables	variable	NOUN
faba-267	154	4	,	,	PUNCT
faba-267	154	5	money	money	NOUN
faba-267	154	6	supply	supply	NOUN
faba-267	154	7	has	have	VERB
faba-267	154	8	a	a	DET
faba-267	154	9	strong	strong	ADJ
faba-267	154	10	inverse	inverse	NOUN
faba-267	154	11	correlation	correlation	NOUN
faba-267	154	12	with	with	ADP
faba-267	154	13	the	the	DET
faba-267	154	14	exchange	exchange	NOUN
faba-267	154	15	rate	rate	NOUN
faba-267	154	16	at	at	ADP
faba-267	154	17	-0.949	-0.949	PROPN
faba-267	154	18	.	.	PUNCT
faba-267	155	1	the	the	DET
faba-267	155	2	relationship	relationship	NOUN
faba-267	155	3	between	between	ADP
faba-267	155	4	interest	interest	NOUN
faba-267	155	5	rates	rate	NOUN
faba-267	155	6	and	and	CCONJ
faba-267	155	7	inflation	inflation	NOUN
faba-267	155	8	is	be	AUX
faba-267	155	9	high	high	ADJ
faba-267	155	10	at	at	ADP
faba-267	155	11	0.874	0.874	NUM
faba-267	155	12	,	,	PUNCT
faba-267	155	13	indicating	indicate	VERB
faba-267	155	14	that	that	SCONJ
faba-267	155	15	rising	rise	VERB
faba-267	155	16	inflation	inflation	NOUN
faba-267	155	17	tends	tend	VERB
faba-267	155	18	to	to	PART
faba-267	155	19	lead	lead	VERB
faba-267	155	20	to	to	ADP
faba-267	155	21	higher	high	ADJ
faba-267	155	22	interest	interest	NOUN
faba-267	155	23	rates	rate	NOUN
faba-267	155	24	,	,	PUNCT
faba-267	155	25	supporting	support	VERB
faba-267	155	26	central	central	ADJ
faba-267	155	27	bank	bank	NOUN
faba-267	155	28	policies	policy	NOUN
faba-267	155	29	.	.	PUNCT
faba-267	156	1	money	money	NOUN
faba-267	156	2	supply	supply	NOUN
faba-267	156	3	and	and	CCONJ
faba-267	156	4	inflation	inflation	NOUN
faba-267	156	5	correlate	correlate	VERB
faba-267	156	6	positively	positively	ADV
faba-267	156	7	at	at	ADP
faba-267	156	8	0.472	0.472	NUM
faba-267	156	9	.	.	PUNCT
faba-267	157	1	in	in	ADP
faba-267	157	2	firm	firm	ADJ
faba-267	157	3	-	-	PUNCT
faba-267	157	4	specific	specific	ADJ
faba-267	157	5	variables	variable	NOUN
faba-267	157	6	,	,	PUNCT
faba-267	157	7	leverage	leverage	NOUN
faba-267	157	8	shows	show	VERB
faba-267	157	9	a	a	DET
faba-267	157	10	significant	significant	ADJ
faba-267	157	11	negative	negative	ADJ
faba-267	157	12	correlation	correlation	NOUN
faba-267	157	13	with	with	ADP
faba-267	157	14	roa	roa	PROPN
faba-267	157	15	at	at	ADP
faba-267	157	16	-0.521	-0.521	NOUN
faba-267	157	17	,	,	PUNCT
faba-267	157	18	while	while	SCONJ
faba-267	157	19	retained	retain	VERB
faba-267	157	20	earnings	earning	NOUN
faba-267	157	21	and	and	CCONJ
faba-267	157	22	leverage	leverage	NOUN
faba-267	157	23	have	have	VERB
faba-267	157	24	a	a	DET
faba-267	157	25	negative	negative	ADJ
faba-267	157	26	correlation	correlation	NOUN
faba-267	157	27	of	of	ADP
faba-267	157	28	-0.699	-0.699	PUNCT
faba-267	157	29	.	.	PUNCT
faba-267	158	1	conversely	conversely	ADV
faba-267	158	2	,	,	PUNCT
faba-267	158	3	retained	retain	VERB
faba-267	158	4	earnings	earning	NOUN
faba-267	158	5	and	and	CCONJ
faba-267	158	6	roa	roa	NOUN
faba-267	158	7	correlate	correlate	VERB
faba-267	158	8	positively	positively	ADV
faba-267	158	9	at	at	ADP
faba-267	158	10	0.569	0.569	NUM
faba-267	158	11	,	,	PUNCT
faba-267	158	12	implying	implying	ADJ
faba-267	158	13	profitable	profitable	ADJ
faba-267	158	14	firms	firm	NOUN
faba-267	158	15	can	can	AUX
faba-267	158	16	retain	retain	VERB
faba-267	158	17	more	more	ADJ
faba-267	158	18	earnings	earning	NOUN
faba-267	158	19	for	for	ADP
faba-267	158	20	growth	growth	NOUN
faba-267	158	21	or	or	CCONJ
faba-267	158	22	dividends	dividend	NOUN
faba-267	158	23	.	.	PUNCT
faba-267	159	1	the	the	DET
faba-267	159	2	pairwise	pairwise	NOUN
faba-267	159	3	correlation	correlation	NOUN
faba-267	159	4	matrix	matrix	NOUN
faba-267	159	5	reveals	reveal	VERB
faba-267	159	6	that	that	SCONJ
faba-267	159	7	no	no	DET
faba-267	159	8	correlation	correlation	NOUN
faba-267	159	9	coefficients	coefficient	VERB
faba-267	159	10	among	among	ADP
faba-267	159	11	the	the	DET
faba-267	159	12	independent	independent	ADJ
faba-267	159	13	variables	variable	NOUN
faba-267	159	14	exceed	exceed	VERB
faba-267	159	15	0.90	0.90	NUM
faba-267	159	16	(	(	PUNCT
faba-267	159	17	except	except	SCONJ
faba-267	159	18	for	for	ADP
faba-267	159	19	money	money	NOUN
faba-267	159	20	supply	supply	NOUN
faba-267	159	21	and	and	CCONJ
faba-267	159	22	exchange	exchange	NOUN
faba-267	159	23	rate	rate	NOUN
faba-267	159	24	)	)	PUNCT
faba-267	159	25	,	,	PUNCT
faba-267	159	26	demonstrating	demonstrate	VERB
faba-267	159	27	that	that	SCONJ
faba-267	159	28	multicollinearity	multicollinearity	NOUN
faba-267	159	29	is	be	AUX
faba-267	159	30	not	not	PART
faba-267	159	31	an	an	DET
faba-267	159	32	issue	issue	NOUN
faba-267	159	33	in	in	ADP
faba-267	159	34	this	this	DET
faba-267	159	35	analysis	analysis	NOUN
faba-267	159	36	.	.	PUNCT
faba-267	160	1	also	also	ADV
faba-267	160	2	,	,	PUNCT
faba-267	160	3	the	the	DET
faba-267	160	4	study	study	NOUN
faba-267	160	5	separates	separate	VERB
faba-267	160	6	the	the	DET
faba-267	160	7	macroeconomic	macroeconomic	ADJ
faba-267	160	8	variables	variable	NOUN
faba-267	160	9	in	in	ADP
faba-267	160	10	different	different	ADJ
faba-267	160	11	models	model	NOUN
faba-267	160	12	to	to	PART
faba-267	160	13	help	help	VERB
faba-267	160	14	mitigate	mitigate	VERB
faba-267	160	15	multicollinearity	multicollinearity	NOUN
faba-267	160	16	issues	issue	NOUN
faba-267	160	17	.	.	PUNCT
faba-267	161	1	doffour	doffour	NOUN
faba-267	161	2	,	,	PUNCT
faba-267	161	3	asamoah	asamoah	NOUN
faba-267	161	4	,	,	PUNCT
faba-267	161	5	anim	anim	NOUN
faba-267	161	6	,	,	PUNCT
faba-267	161	7	agyenim	agyenim	NOUN
faba-267	161	8	-	-	PUNCT
faba-267	161	9	boateng	boateng	NOUN
faba-267	161	10	/	/	SYM
faba-267	161	11	finance	finance	NOUN
faba-267	161	12	,	,	PUNCT
faba-267	161	13	accounting	accounting	NOUN
faba-267	161	14	and	and	CCONJ
faba-267	161	15	business	business	NOUN
faba-267	161	16	analysis	analysis	NOUN
faba-267	161	17	,	,	PUNCT
faba-267	161	18	volume	volume	NOUN
faba-267	161	19	7	7	NUM
faba-267	161	20	,	,	PUNCT
faba-267	161	21	issue1	issue1	ADV
faba-267	161	22	,	,	PUNCT
faba-267	161	23	2025	2025	NUM
faba-267	161	24	127	127	NUM
faba-267	161	25	table	table	NOUN
faba-267	161	26	3	3	NUM
faba-267	161	27	.	.	PUNCT
faba-267	161	28	pairwise	pairwise	NOUN
faba-267	161	29	correlations	correlation	NOUN
faba-267	161	30	variables	variable	NOUN
faba-267	161	31	dividend	dividend	VERB
faba-267	161	32	payout	payout	ADJ
faba-267	161	33	ratio	ratio	NOUN
faba-267	161	34	money	money	NOUN
faba-267	161	35	supply	supply	NOUN
faba-267	161	36	interest	interest	NOUN
faba-267	161	37	rate	rate	NOUN
faba-267	161	38	inflation	inflation	NOUN
faba-267	161	39	exchange	exchange	NOUN
faba-267	161	40	rate	rate	NOUN
faba-267	161	41	firm	firm	NOUN
faba-267	161	42	size	size	NOUN
faba-267	161	43	firm	firm	NOUN
faba-267	161	44	age	age	NOUN
faba-267	161	45	leverage	leverage	NOUN
faba-267	161	46	return	return	NOUN
faba-267	161	47	on	on	ADP
faba-267	161	48	assets	asset	NOUN
faba-267	161	49	return	return	VERB
faba-267	161	50	on	on	ADP
faba-267	161	51	equity	equity	NOUN
faba-267	161	52	cash	cash	NOUN
faba-267	161	53	holdings	holding	NOUN
faba-267	161	54	retained	retain	VERB
faba-267	161	55	earnings	earning	NOUN
faba-267	161	56	dividend	dividend	NOUN
faba-267	161	57	payout	payout	NOUN
faba-267	161	58	ratio	ratio	NOUN
faba-267	161	59	1.000	1.000	NUM
faba-267	161	60	money	money	NOUN
faba-267	161	61	supply	supply	NOUN
faba-267	161	62	-0.049	-0.049	PUNCT
faba-267	161	63	1.000	1.000	NUM
faba-267	161	64	interest	interest	NOUN
faba-267	161	65	rate	rate	NOUN
faba-267	161	66	0.056	0.056	NUM
faba-267	161	67	0.444	0.444	NUM
faba-267	161	68	1.000	1.000	NUM
faba-267	161	69	inflation	inflation	NOUN
faba-267	161	70	0.087	0.087	NUM
faba-267	161	71	0.472	0.472	NUM
faba-267	161	72	0.874	0.874	NUM
faba-267	161	73	1.000	1.000	NUM
faba-267	161	74	exchange	exchange	NOUN
faba-267	161	75	rate	rate	NOUN
faba-267	161	76	0.064	0.064	NUM
faba-267	161	77	-0.949	-0.949	X
faba-267	161	78	-0.451	-0.451	PUNCT
faba-267	161	79	-0.398	-0.398	SYM
faba-267	161	80	1.000	1.000	NUM
faba-267	161	81	firm	firm	ADJ
faba-267	161	82	size	size	NOUN
faba-267	161	83	0.004	0.004	NUM
faba-267	161	84	0.245	0.245	NUM
faba-267	161	85	0.111	0.111	NUM
faba-267	161	86	0.120	0.120	NUM
faba-267	161	87	-0.235	-0.235	PUNCT
faba-267	161	88	1.000	1.000	NUM
faba-267	161	89	firm	firm	NOUN
faba-267	161	90	age	age	NOUN
faba-267	161	91	0.021	0.021	NUM
faba-267	161	92	0.153	0.153	NUM
faba-267	161	93	0.064	0.064	NUM
faba-267	161	94	0.070	0.070	NUM
faba-267	161	95	-0.143	-0.143	ADP
faba-267	161	96	-0.041	-0.041	ADP
faba-267	161	97	1.000	1.000	NUM
faba-267	161	98	leverage	leverage	NOUN
faba-267	161	99	-0.040	-0.040	NUM
faba-267	161	100	0.147	0.147	NUM
faba-267	161	101	0.105	0.105	NUM
faba-267	161	102	0.111	0.111	NUM
faba-267	161	103	-0.133	-0.133	PUNCT
faba-267	161	104	0.157	0.157	NUM
faba-267	161	105	-0.121	-0.121	NUM
faba-267	161	106	1.000	1.000	NUM
faba-267	161	107	return	return	NOUN
faba-267	161	108	on	on	ADP
faba-267	161	109	assets	asset	NOUN
faba-267	161	110	0.044	0.044	NUM
faba-267	161	111	-0.142	-0.142	SYM
faba-267	161	112	-0.065	-0.065	PRON
faba-267	162	1	-0.052	-0.052	NUM
faba-267	163	1	0.162	0.162	NUM
faba-267	163	2	-0.085	-0.085	NUM
faba-267	163	3	0.174	0.174	NUM
faba-267	163	4	-0.521	-0.521	NUM
faba-267	163	5	1.000	1.000	NUM
faba-267	163	6	return	return	NOUN
faba-267	163	7	on	on	ADP
faba-267	163	8	equity	equity	NOUN
faba-267	163	9	-0.007	-0.007	PROPN
faba-267	163	10	-0.019	-0.019	NUM
faba-267	163	11	0.024	0.024	NUM
faba-267	163	12	0.001	0.001	NUM
faba-267	163	13	-0.011	-0.011	PRON
faba-267	163	14	-0.007	-0.007	PUNCT
faba-267	163	15	-0.026	-0.026	PUNCT
faba-267	163	16	0.071	0.071	NUM
faba-267	163	17	-0.025	-0.025	NOUN
faba-267	163	18	1.000	1.000	NUM
faba-267	163	19	cash	cash	NOUN
faba-267	163	20	holdings	holding	NOUN
faba-267	163	21	0.073	0.073	NUM
faba-267	163	22	0.139	0.139	NUM
faba-267	163	23	0.092	0.092	NUM
faba-267	163	24	0.083	0.083	NUM
faba-267	163	25	-0.135	-0.135	NUM
faba-267	163	26	0.284	0.284	NUM
faba-267	163	27	0.150	0.150	NUM
faba-267	163	28	-0.039	-0.039	NUM
faba-267	163	29	0.172	0.172	NUM
faba-267	163	30	-0.051	-0.051	NUM
faba-267	163	31	1.000	1.000	NUM
faba-267	163	32	retained	retain	VERB
faba-267	163	33	earnings	earning	NOUN
faba-267	163	34	0.100	0.100	NUM
faba-267	163	35	-0.165	-0.165	NUM
faba-267	163	36	-0.094	-0.094	PUNCT
faba-267	163	37	-0.109	-0.109	ADV
faba-267	163	38	0.152	0.152	NUM
faba-267	163	39	-0.058	-0.058	NUM
faba-267	163	40	0.265	0.265	NUM
faba-267	163	41	-0.699	-0.699	NUM
faba-267	163	42	0.569	0.569	NUM
faba-267	163	43	-0.066	-0.066	NUM
faba-267	163	44	0.277	0.277	NUM
faba-267	163	45	1.000	1.000	NUM
faba-267	163	46	source	source	NOUN
faba-267	163	47	:	:	PUNCT
faba-267	163	48	authors	author	NOUN
faba-267	163	49	’	’	PART
faba-267	163	50	compilation	compilation	NOUN
faba-267	163	51	doffour	doffour	NOUN
faba-267	163	52	,	,	PUNCT
faba-267	163	53	asamoah	asamoah	NOUN
faba-267	163	54	,	,	PUNCT
faba-267	163	55	anim	anim	NOUN
faba-267	163	56	,	,	PUNCT
faba-267	163	57	agyenim	agyenim	NOUN
faba-267	163	58	-	-	PUNCT
faba-267	163	59	boateng	boateng	NOUN
faba-267	163	60	/	/	SYM
faba-267	163	61	finance	finance	NOUN
faba-267	163	62	,	,	PUNCT
faba-267	163	63	accounting	accounting	NOUN
faba-267	163	64	and	and	CCONJ
faba-267	163	65	business	business	NOUN
faba-267	163	66	analysis	analysis	NOUN
faba-267	163	67	,	,	PUNCT
faba-267	163	68	volume	volume	NOUN
faba-267	163	69	7	7	NUM
faba-267	163	70	,	,	PUNCT
faba-267	163	71	issue1	issue1	ADV
faba-267	163	72	,	,	PUNCT
faba-267	163	73	2025	2025	NUM
faba-267	163	74	128	128	NUM
faba-267	163	75	regression	regression	NOUN
faba-267	163	76	results	result	VERB
faba-267	163	77	the	the	DET
faba-267	163	78	gmm	gmm	NOUN
faba-267	163	79	analysis	analysis	NOUN
faba-267	163	80	covers	cover	VERB
faba-267	163	81	four	four	NUM
faba-267	163	82	different	different	ADJ
faba-267	163	83	models	model	NOUN
faba-267	163	84	,	,	PUNCT
faba-267	163	85	and	and	CCONJ
faba-267	163	86	each	each	DET
faba-267	163	87	model	model	NOUN
faba-267	163	88	includes	include	VERB
faba-267	163	89	different	different	ADJ
faba-267	163	90	macroeconomic	macroeconomic	ADJ
faba-267	163	91	variables	variable	NOUN
faba-267	163	92	to	to	PART
faba-267	163	93	explain	explain	VERB
faba-267	163	94	their	their	PRON
faba-267	163	95	impact	impact	NOUN
faba-267	163	96	on	on	ADP
faba-267	163	97	dividend	dividend	NOUN
faba-267	163	98	payout	payout	NOUN
faba-267	163	99	,	,	PUNCT
faba-267	163	100	controlling	control	VERB
faba-267	163	101	for	for	ADP
faba-267	163	102	firm	firm	ADJ
faba-267	163	103	characteristics	characteristic	NOUN
faba-267	163	104	.	.	PUNCT
faba-267	164	1	the	the	DET
faba-267	164	2	following	follow	VERB
faba-267	164	3	observations	observation	NOUN
faba-267	164	4	can	can	AUX
faba-267	164	5	be	be	AUX
faba-267	164	6	made	make	VERB
faba-267	164	7	.	.	PUNCT
faba-267	165	1	table	table	NOUN
faba-267	165	2	4	4	NUM
faba-267	165	3	.	.	PUNCT
faba-267	165	4	dynamic	dynamic	ADJ
faba-267	165	5	panel	panel	NOUN
faba-267	165	6	-	-	PUNCT
faba-267	165	7	data	datum	NOUN
faba-267	165	8	estimation	estimation	NOUN
faba-267	165	9	,	,	PUNCT
faba-267	165	10	two	two	NUM
faba-267	165	11	-	-	PUNCT
faba-267	165	12	step	step	NOUN
faba-267	165	13	difference	difference	NOUN
faba-267	165	14	gmm	gmm	X
faba-267	165	15	(	(	PUNCT
faba-267	165	16	1	1	NUM
faba-267	165	17	)	)	PUNCT
faba-267	165	18	(	(	PUNCT
faba-267	165	19	2	2	NUM
faba-267	165	20	)	)	PUNCT
faba-267	165	21	(	(	PUNCT
faba-267	165	22	3	3	X
faba-267	165	23	)	)	PUNCT
faba-267	165	24	(	(	PUNCT
faba-267	165	25	4	4	X
faba-267	165	26	)	)	PUNCT
faba-267	165	27	variables	variable	NOUN
faba-267	165	28	dividend	dividend	VERB
faba-267	165	29	payout	payout	ADJ
faba-267	165	30	ratio	ratio	NOUN
faba-267	165	31	dividend	dividend	NOUN
faba-267	165	32	payout	payout	NOUN
faba-267	165	33	ratio	ratio	NOUN
faba-267	165	34	dividend	dividend	NOUN
faba-267	165	35	payout	payout	NOUN
faba-267	165	36	ratio	ratio	NOUN
faba-267	165	37	dividend	dividend	NOUN
faba-267	165	38	payout	payout	NOUN
faba-267	165	39	ratio	ratio	NOUN
faba-267	165	40	l.dividend	l.dividend	ADP
faba-267	165	41	payout	payout	NOUN
faba-267	165	42	ratio	ratio	NOUN
faba-267	165	43	-0.420	-0.420	PUNCT
faba-267	165	44	*	*	PUNCT
faba-267	165	45	*	*	PUNCT
faba-267	165	46	*	*	NOUN
faba-267	165	47	-0.508	-0.508	PUNCT
faba-267	165	48	*	*	PUNCT
faba-267	165	49	*	*	PUNCT
faba-267	165	50	*	*	PUNCT
faba-267	165	51	-0.557	-0.557	PUNCT
faba-267	165	52	*	*	PUNCT
faba-267	165	53	*	*	PUNCT
faba-267	165	54	*	*	PUNCT
faba-267	165	55	-0.421	-0.421	PUNCT
faba-267	165	56	*	*	PUNCT
faba-267	165	57	*	*	PUNCT
faba-267	165	58	*	*	PUNCT
faba-267	165	59	(	(	PUNCT
faba-267	165	60	0.0484	0.0484	NUM
faba-267	165	61	)	)	PUNCT
faba-267	165	62	(	(	PUNCT
faba-267	165	63	0.0546	0.0546	NUM
faba-267	165	64	)	)	PUNCT
faba-267	165	65	(	(	PUNCT
faba-267	165	66	0.0574	0.0574	NUM
faba-267	165	67	)	)	PUNCT
faba-267	165	68	(	(	PUNCT
faba-267	165	69	0.0277	0.0277	NUM
faba-267	165	70	)	)	PUNCT
faba-267	165	71	money	money	NOUN
faba-267	165	72	supply	supply	NOUN
faba-267	165	73	39.84	39.84	NUM
faba-267	165	74	*	*	PUNCT
faba-267	165	75	*	*	PUNCT
faba-267	165	76	*	*	PUNCT
faba-267	165	77	(	(	PUNCT
faba-267	165	78	13.33	13.33	NUM
faba-267	165	79	)	)	PUNCT
faba-267	165	80	interest	interest	NOUN
faba-267	165	81	rate	rate	NOUN
faba-267	165	82	7.612	7.612	NUM
faba-267	165	83	*	*	SYM
faba-267	165	84	*	*	PUNCT
faba-267	165	85	(	(	PUNCT
faba-267	165	86	3.254	3.254	NUM
faba-267	165	87	)	)	PUNCT
faba-267	165	88	inflation	inflation	NOUN
faba-267	165	89	4.168	4.168	NUM
faba-267	165	90	*	*	PUNCT
faba-267	165	91	*	*	PUNCT
faba-267	165	92	(	(	PUNCT
faba-267	165	93	1.911	1.911	NUM
faba-267	165	94	)	)	PUNCT
faba-267	165	95	exchange	exchange	NOUN
faba-267	165	96	rate	rate	NOUN
faba-267	165	97	-15.61	-15.61	NOUN
faba-267	165	98	*	*	NOUN
faba-267	165	99	*	*	PUNCT
faba-267	165	100	*	*	PUNCT
faba-267	165	101	(	(	PUNCT
faba-267	165	102	3.389	3.389	NUM
faba-267	165	103	)	)	PUNCT
faba-267	165	104	control	control	NOUN
faba-267	165	105	variables	variable	NOUN
faba-267	165	106	firm	firm	ADJ
faba-267	165	107	size	size	NOUN
faba-267	165	108	19.08	19.08	NUM
faba-267	165	109	*	*	SYM
faba-267	165	110	32.92	32.92	NUM
faba-267	165	111	*	*	PUNCT
faba-267	165	112	*	*	PUNCT
faba-267	165	113	*	*	PUNCT
faba-267	166	1	29.91	29.91	NUM
faba-267	166	2	*	*	PUNCT
faba-267	166	3	*	*	PUNCT
faba-267	166	4	*	*	PUNCT
faba-267	166	5	10.87	10.87	NUM
faba-267	166	6	*	*	PUNCT
faba-267	166	7	*	*	PUNCT
faba-267	166	8	(	(	PUNCT
faba-267	166	9	10.09	10.09	NUM
faba-267	166	10	)	)	PUNCT
faba-267	166	11	(	(	PUNCT
faba-267	166	12	11.25	11.25	NUM
faba-267	166	13	)	)	PUNCT
faba-267	166	14	(	(	PUNCT
faba-267	166	15	9.100	9.100	NUM
faba-267	166	16	)	)	PUNCT
faba-267	166	17	(	(	PUNCT
faba-267	166	18	5.270	5.270	NUM
faba-267	166	19	)	)	PUNCT
faba-267	166	20	firm	firm	ADJ
faba-267	166	21	age	age	NOUN
faba-267	166	22	-4.805	-4.805	PUNCT
faba-267	167	1	*	*	PUNCT
faba-267	167	2	*	*	PUNCT
faba-267	167	3	*	*	PUNCT
faba-267	167	4	-2.261	-2.261	PUNCT
faba-267	168	1	*	*	PUNCT
faba-267	168	2	*	*	PUNCT
faba-267	168	3	*	*	PUNCT
faba-267	168	4	-2.030	-2.030	PUNCT
faba-267	168	5	*	*	PUNCT
faba-267	168	6	*	*	PUNCT
faba-267	168	7	*	*	PUNCT
faba-267	168	8	-0.997	-0.997	PUNCT
faba-267	168	9	*	*	PUNCT
faba-267	168	10	*	*	PUNCT
faba-267	168	11	*	*	PUNCT
faba-267	168	12	(	(	PUNCT
faba-267	168	13	1.547	1.547	NUM
faba-267	168	14	)	)	PUNCT
faba-267	168	15	(	(	PUNCT
faba-267	168	16	0.513	0.513	NUM
faba-267	168	17	)	)	PUNCT
faba-267	168	18	(	(	PUNCT
faba-267	168	19	0.350	0.350	NUM
faba-267	168	20	)	)	PUNCT
faba-267	168	21	(	(	PUNCT
faba-267	168	22	0.363	0.363	NUM
faba-267	168	23	)	)	PUNCT
faba-267	168	24	leverage	leverage	NOUN
faba-267	168	25	17.79	17.79	NUM
faba-267	168	26	18.75	18.75	NUM
faba-267	168	27	16.07	16.07	NUM
faba-267	168	28	36.10	36.10	NUM
faba-267	168	29	*	*	PUNCT
faba-267	168	30	*	*	PUNCT
faba-267	168	31	*	*	PUNCT
faba-267	168	32	(	(	PUNCT
faba-267	168	33	13.65	13.65	NUM
faba-267	168	34	)	)	PUNCT
faba-267	168	35	(	(	PUNCT
faba-267	168	36	17.78	17.78	NUM
faba-267	168	37	)	)	PUNCT
faba-267	168	38	(	(	PUNCT
faba-267	168	39	18.84	18.84	NUM
faba-267	168	40	)	)	PUNCT
faba-267	168	41	(	(	PUNCT
faba-267	168	42	11.37	11.37	NUM
faba-267	168	43	)	)	PUNCT
faba-267	168	44	return	return	NOUN
faba-267	168	45	on	on	ADP
faba-267	168	46	assets	asset	NOUN
faba-267	168	47	-22.62	-22.62	PUNCT
faba-267	168	48	*	*	PUNCT
faba-267	168	49	*	*	PUNCT
faba-267	168	50	*	*	PUNCT
faba-267	168	51	-36.04	-36.04	NOUN
faba-267	168	52	*	*	ADJ
faba-267	168	53	*	*	PUNCT
faba-267	168	54	*	*	PUNCT
faba-267	168	55	-37.64	-37.64	PROPN
faba-267	168	56	*	*	PUNCT
faba-267	168	57	*	*	PUNCT
faba-267	168	58	*	*	PUNCT
faba-267	169	1	-9.294	-9.294	NOUN
faba-267	169	2	*	*	PUNCT
faba-267	169	3	(	(	PUNCT
faba-267	169	4	8.657	8.657	NUM
faba-267	169	5	)	)	PUNCT
faba-267	169	6	(	(	PUNCT
faba-267	169	7	8.650	8.650	NUM
faba-267	169	8	)	)	PUNCT
faba-267	169	9	(	(	PUNCT
faba-267	169	10	7.945	7.945	NUM
faba-267	169	11	)	)	PUNCT
faba-267	169	12	(	(	PUNCT
faba-267	169	13	4.899	4.899	NUM
faba-267	169	14	)	)	PUNCT
faba-267	169	15	return	return	NOUN
faba-267	169	16	on	on	ADP
faba-267	169	17	equity	equity	PROPN
faba-267	169	18	-0.00667	-0.00667	PROPN
faba-267	169	19	-0.00717	-0.00717	PROPN
faba-267	169	20	-0.00562	-0.00562	PROPN
faba-267	169	21	-0.0100	-0.0100	PROPN
faba-267	170	1	*	*	PUNCT
faba-267	170	2	*	*	PUNCT
faba-267	170	3	(	(	PUNCT
faba-267	170	4	0.00499	0.00499	NUM
faba-267	170	5	)	)	PUNCT
faba-267	170	6	(	(	PUNCT
faba-267	170	7	0.00777	0.00777	NUM
faba-267	170	8	)	)	PUNCT
faba-267	170	9	(	(	PUNCT
faba-267	170	10	0.00789	0.00789	NUM
faba-267	170	11	)	)	PUNCT
faba-267	170	12	(	(	PUNCT
faba-267	170	13	0.00396	0.00396	NUM
faba-267	170	14	)	)	PUNCT
faba-267	170	15	retained	retain	VERB
faba-267	170	16	earnings	earning	NOUN
faba-267	170	17	49.48	49.48	NUM
faba-267	170	18	*	*	PUNCT
faba-267	171	1	*	*	PUNCT
faba-267	171	2	*	*	PUNCT
faba-267	172	1	68.67	68.67	NUM
faba-267	172	2	*	*	PUNCT
faba-267	172	3	*	*	PUNCT
faba-267	172	4	*	*	PUNCT
faba-267	173	1	61.57	61.57	NUM
faba-267	173	2	*	*	PUNCT
faba-267	173	3	*	*	PUNCT
faba-267	173	4	*	*	PUNCT
faba-267	173	5	61.56	61.56	NUM
faba-267	173	6	*	*	PUNCT
faba-267	173	7	*	*	PUNCT
faba-267	173	8	*	*	PUNCT
faba-267	173	9	(	(	PUNCT
faba-267	173	10	18.22	18.22	NUM
faba-267	173	11	)	)	PUNCT
faba-267	173	12	(	(	PUNCT
faba-267	173	13	20.56	20.56	NUM
faba-267	173	14	)	)	PUNCT
faba-267	173	15	(	(	PUNCT
faba-267	173	16	20.26	20.26	NUM
faba-267	173	17	)	)	PUNCT
faba-267	173	18	(	(	PUNCT
faba-267	173	19	13.39	13.39	NUM
faba-267	173	20	)	)	PUNCT
faba-267	173	21	cash	cash	NOUN
faba-267	173	22	holdings	holding	NOUN
faba-267	173	23	-0.385	-0.385	PUNCT
faba-267	173	24	-19.56	-19.56	X
faba-267	173	25	-26.78	-26.78	PROPN
faba-267	173	26	*	*	PUNCT
faba-267	173	27	-11.53	-11.53	PROPN
faba-267	173	28	*	*	PROPN
faba-267	173	29	*	*	PUNCT
faba-267	173	30	*	*	PUNCT
faba-267	173	31	(	(	PUNCT
faba-267	173	32	7.472	7.472	NUM
faba-267	173	33	)	)	PUNCT
faba-267	173	34	(	(	PUNCT
faba-267	173	35	13.88	13.88	NUM
faba-267	173	36	)	)	PUNCT
faba-267	173	37	(	(	PUNCT
faba-267	173	38	15.31	15.31	NUM
faba-267	173	39	)	)	PUNCT
faba-267	173	40	(	(	PUNCT
faba-267	173	41	4.251	4.251	NUM
faba-267	173	42	)	)	PUNCT
faba-267	173	43	diagnostics	diagnostic	NOUN
faba-267	173	44	wald	wald	X
faba-267	173	45	chi2	chi2	PROPN
faba-267	173	46	9043.54	9043.54	NUM
faba-267	173	47	960.96	960.96	NUM
faba-267	173	48	949.24	949.24	NUM
faba-267	173	49	2706.04	2706.04	NUM
faba-267	173	50	prob	prob	NOUN
faba-267	173	51	>	>	X
faba-267	173	52	chi2	chi2	PROPN
faba-267	173	53	0.000	0.000	NUM
faba-267	174	1	0.000	0.000	NUM
faba-267	174	2	0.000	0.000	NUM
faba-267	174	3	0.000	0.000	NUM
faba-267	174	4	ar(1	ar(1	NOUN
faba-267	174	5	)	)	PUNCT
faba-267	174	6	z	z	NOUN
faba-267	174	7	-0.97	-0.97	NOUN
faba-267	174	8	-0.84	-0.84	NUM
faba-267	174	9	-0.86	-0.86	NUM
faba-267	174	10	-1.14	-1.14	PRON
faba-267	174	11	ar(1	ar(1	PROPN
faba-267	174	12	)	)	PUNCT
faba-267	174	13	pr	pr	NOUN
faba-267	174	14	>	>	PUNCT
faba-267	174	15	z	z	NOUN
faba-267	174	16	0.331	0.331	NUM
faba-267	174	17	0.399	0.399	NUM
faba-267	174	18	0.387	0.387	NUM
faba-267	174	19	0.254	0.254	NUM
faba-267	174	20	ar(2	ar(2	NOUN
faba-267	174	21	)	)	PUNCT
faba-267	174	22	z	z	NOUN
faba-267	174	23	1.45	1.45	NUM
faba-267	174	24	1.58	1.58	NUM
faba-267	174	25	1.42	1.42	NUM
faba-267	174	26	1.17	1.17	NUM
faba-267	174	27	ar(2	ar(2	NOUN
faba-267	174	28	)	)	PUNCT
faba-267	174	29	pr	pr	X
faba-267	174	30	>	>	PUNCT
faba-267	174	31	z	z	NOUN
faba-267	174	32	0.146	0.146	NUM
faba-267	174	33	0.114	0.114	NUM
faba-267	174	34	0.156	0.156	NUM
faba-267	174	35	0.242	0.242	NUM
faba-267	174	36	sargan	sargan	VERB
faba-267	174	37	chi2	chi2	NOUN
faba-267	174	38	0.88	0.88	NUM
faba-267	174	39	0.52	0.52	NUM
faba-267	174	40	0.57	0.57	NUM
faba-267	174	41	2.24	2.24	NUM
faba-267	174	42	sargan	sargan	NOUN
faba-267	174	43	prob	prob	PROPN
faba-267	174	44	>	>	X
faba-267	174	45	chi2	chi2	PROPN
faba-267	174	46	0.990	0.990	NUM
faba-267	174	47	0.998	0.998	NUM
faba-267	174	48	0.997	0.997	NUM
faba-267	174	49	0.896	0.896	NUM
faba-267	174	50	hansen	hansen	NOUN
faba-267	174	51	test	test	NOUN
faba-267	174	52	of	of	ADP
faba-267	174	53	overid	overid	ADJ
faba-267	174	54	chi2	chi2	NOUN
faba-267	174	55	7.15	7.15	NUM
faba-267	174	56	5.24	5.24	NUM
faba-267	174	57	5.03	5.03	NUM
faba-267	174	58	6.87	6.87	NUM
faba-267	174	59	hansen	hansen	PROPN
faba-267	174	60	test	test	NOUN
faba-267	174	61	of	of	ADP
faba-267	174	62	overid	overid	ADJ
faba-267	174	63	prob	prob	PROPN
faba-267	174	64	>	>	X
faba-267	174	65	chi2	chi2	PROPN
faba-267	174	66	0.307	0.307	NUM
faba-267	174	67	0.514	0.514	NUM
faba-267	174	68	0.539	0.539	NUM
faba-267	174	69	0.333	0.333	NUM
faba-267	174	70	hansen	hansen	PROPN
faba-267	174	71	test	test	PROPN
faba-267	174	72	excluding	exclude	VERB
faba-267	174	73	group	group	NOUN
faba-267	174	74	chi2	chi2	NOUN
faba-267	174	75	2.05	2.05	NUM
faba-267	174	76	2.32	2.32	NUM
faba-267	174	77	2.22	2.22	NUM
faba-267	174	78	1.76	1.76	NUM
faba-267	174	79	hansen	hansen	PROPN
faba-267	174	80	test	test	PROPN
faba-267	174	81	excluding	exclude	VERB
faba-267	174	82	group	group	NOUN
faba-267	174	83	prob	prob	PROPN
faba-267	174	84	>	>	X
faba-267	174	85	chi2	chi2	PROPN
faba-267	174	86	0.358	0.358	NUM
faba-267	174	87	0.313	0.313	NUM
faba-267	174	88	0.329	0.329	NUM
faba-267	174	89	0.415	0.415	NUM
faba-267	174	90	instruments	instrument	NOUN
faba-267	174	91	15	15	NUM
faba-267	174	92	15	15	NUM
faba-267	174	93	15	15	NUM
faba-267	174	94	15	15	NUM
faba-267	174	95	observations	observation	NOUN
faba-267	174	96	253	253	NUM
faba-267	174	97	253	253	NUM
faba-267	174	98	253	253	NUM
faba-267	174	99	253	253	NUM
faba-267	174	100	number	number	NOUN
faba-267	174	101	of	of	ADP
faba-267	174	102	firms	firm	NOUN
faba-267	174	103	23	23	NUM
faba-267	174	104	23	23	NUM
faba-267	174	105	23	23	NUM
faba-267	174	106	23	23	NUM
faba-267	174	107	standard	standard	ADJ
faba-267	174	108	errors	error	NOUN
faba-267	174	109	in	in	ADP
faba-267	174	110	parentheses	parenthesis	NOUN
faba-267	174	111	*	*	PUNCT
faba-267	174	112	*	*	PUNCT
faba-267	174	113	*	*	PUNCT
faba-267	174	114	p<0.01	p<0.01	PROPN
faba-267	174	115	,	,	PUNCT
faba-267	174	116	*	*	PUNCT
faba-267	174	117	*	*	PUNCT
faba-267	174	118	p<0.05	p<0.05	NOUN
faba-267	174	119	,	,	PUNCT
faba-267	174	120	*	*	SYM
faba-267	174	121	p<0.1	p<0.1	NUM
faba-267	174	122	source	source	NOUN
faba-267	174	123	:	:	PUNCT
faba-267	174	124	authors	author	NOUN
faba-267	174	125	’	’	PART
faba-267	174	126	compilation	compilation	NOUN
faba-267	174	127	in	in	ADP
faba-267	174	128	the	the	DET
faba-267	174	129	analysis	analysis	NOUN
faba-267	174	130	of	of	ADP
faba-267	174	131	the	the	DET
faba-267	174	132	four	four	NUM
faba-267	174	133	models	model	NOUN
faba-267	174	134	,	,	PUNCT
faba-267	174	135	the	the	DET
faba-267	174	136	lagged	lag	VERB
faba-267	174	137	dividend	dividend	NOUN
faba-267	174	138	payout	payout	NOUN
faba-267	174	139	ratio	ratio	NOUN
faba-267	174	140	variable	variable	NOUN
faba-267	174	141	(	(	PUNCT
faba-267	174	142	l.	l.	PROPN
faba-267	174	143	dividend	dividend	PROPN
faba-267	174	144	payout	payout	NOUN
faba-267	174	145	ratio	ratio	NOUN
faba-267	174	146	)	)	PUNCT
faba-267	174	147	shows	show	VERB
faba-267	174	148	a	a	DET
faba-267	174	149	significant	significant	ADJ
faba-267	174	150	negative	negative	ADJ
faba-267	174	151	coefficient	coefficient	NOUN
faba-267	174	152	,	,	PUNCT
faba-267	174	153	ranging	range	VERB
faba-267	174	154	from	from	ADP
faba-267	174	155	-0.420	-0.420	ADJ
faba-267	174	156	to	to	PART
faba-267	174	157	-0.557	-0.557	PUNCT
faba-267	174	158	.	.	PUNCT
faba-267	175	1	this	this	PRON
faba-267	175	2	indicates	indicate	VERB
faba-267	175	3	that	that	SCONJ
faba-267	175	4	firms	firm	NOUN
faba-267	175	5	with	with	ADP
faba-267	175	6	higher	high	ADJ
faba-267	175	7	past	past	ADJ
faba-267	175	8	dividend	dividend	NOUN
faba-267	175	9	payout	payout	NOUN
faba-267	175	10	ratios	ratio	NOUN
faba-267	175	11	tend	tend	VERB
faba-267	175	12	to	to	PART
faba-267	175	13	reduce	reduce	VERB
faba-267	175	14	current	current	ADJ
faba-267	175	15	payouts	payout	NOUN
faba-267	175	16	,	,	PUNCT
faba-267	175	17	confirming	confirm	VERB
faba-267	175	18	at	at	ADP
faba-267	175	19	the	the	DET
faba-267	175	20	1	1	NUM
faba-267	175	21	%	%	NOUN
faba-267	175	22	significance	significance	NOUN
faba-267	175	23	level	level	NOUN
faba-267	175	24	(	(	PUNCT
faba-267	175	25	p	p	X
faba-267	175	26	<	<	X
faba-267	175	27	0.01	0.01	NUM
faba-267	175	28	)	)	PUNCT
faba-267	175	29	that	that	SCONJ
faba-267	175	30	past	past	ADJ
faba-267	175	31	behaviour	behaviour	NOUN
faba-267	175	32	influences	influence	VERB
faba-267	175	33	current	current	ADJ
faba-267	175	34	dividend	dividend	NOUN
faba-267	175	35	policies	policy	NOUN
faba-267	175	36	.	.	PUNCT
faba-267	176	1	in	in	ADP
faba-267	176	2	model	model	NOUN
faba-267	176	3	1	1	NUM
faba-267	176	4	,	,	PUNCT
faba-267	176	5	the	the	DET
faba-267	176	6	coefficient	coefficient	NOUN
faba-267	176	7	for	for	ADP
faba-267	176	8	money	money	NOUN
faba-267	176	9	supply	supply	NOUN
faba-267	176	10	is	be	AUX
faba-267	176	11	positive	positive	ADJ
faba-267	176	12	(	(	PUNCT
faba-267	176	13	39.84	39.84	NUM
faba-267	176	14	,	,	PUNCT
faba-267	176	15	p	p	X
faba-267	176	16	<	<	X
faba-267	176	17	0.01	0.01	NUM
faba-267	176	18	)	)	PUNCT
faba-267	176	19	,	,	PUNCT
faba-267	176	20	suggesting	suggest	VERB
faba-267	176	21	that	that	SCONJ
faba-267	176	22	increased	increase	VERB
faba-267	176	23	liquidity	liquidity	NOUN
faba-267	176	24	leads	lead	VERB
faba-267	176	25	to	to	ADP
faba-267	176	26	higher	high	ADJ
faba-267	176	27	dividends	dividend	NOUN
faba-267	176	28	.	.	PUNCT
faba-267	177	1	model	model	NOUN
faba-267	177	2	2	2	NUM
faba-267	177	3	shows	show	VERB
faba-267	177	4	a	a	DET
faba-267	177	5	doffour	doffour	NOUN
faba-267	177	6	,	,	PUNCT
faba-267	177	7	asamoah	asamoah	NOUN
faba-267	177	8	,	,	PUNCT
faba-267	177	9	anim	anim	NOUN
faba-267	177	10	,	,	PUNCT
faba-267	177	11	agyenim	agyenim	NOUN
faba-267	177	12	-	-	PUNCT
faba-267	177	13	boateng	boateng	NOUN
faba-267	177	14	/	/	SYM
faba-267	177	15	finance	finance	NOUN
faba-267	177	16	,	,	PUNCT
faba-267	177	17	accounting	accounting	NOUN
faba-267	177	18	and	and	CCONJ
faba-267	177	19	business	business	NOUN
faba-267	177	20	analysis	analysis	NOUN
faba-267	177	21	,	,	PUNCT
faba-267	177	22	volume	volume	NOUN
faba-267	177	23	7	7	NUM
faba-267	177	24	,	,	PUNCT
faba-267	177	25	issue1	issue1	ADV
faba-267	177	26	,	,	PUNCT
faba-267	177	27	2025	2025	NUM
faba-267	177	28	129	129	NUM
faba-267	177	29	positive	positive	ADJ
faba-267	177	30	and	and	CCONJ
faba-267	177	31	significant	significant	ADJ
faba-267	177	32	coefficient	coefficient	NOUN
faba-267	177	33	for	for	ADP
faba-267	177	34	interest	interest	NOUN
faba-267	177	35	rates	rate	NOUN
faba-267	177	36	(	(	PUNCT
faba-267	177	37	7.612	7.612	NUM
faba-267	177	38	,	,	PUNCT
faba-267	177	39	p	p	X
faba-267	177	40	<	<	X
faba-267	177	41	0.05	0.05	NUM
faba-267	177	42	)	)	PUNCT
faba-267	177	43	,	,	PUNCT
faba-267	177	44	indicating	indicate	VERB
faba-267	177	45	that	that	SCONJ
faba-267	177	46	rising	rise	VERB
faba-267	177	47	interest	interest	NOUN
faba-267	177	48	rates	rate	NOUN
faba-267	177	49	compel	compel	VERB
faba-267	177	50	firms	firm	NOUN
faba-267	177	51	to	to	PART
faba-267	177	52	offer	offer	VERB
faba-267	177	53	higher	high	ADJ
faba-267	177	54	dividends	dividend	NOUN
faba-267	177	55	to	to	PART
faba-267	177	56	attract	attract	VERB
faba-267	177	57	investors	investor	NOUN
faba-267	177	58	.	.	PUNCT
faba-267	178	1	model	model	NOUN
faba-267	178	2	3	3	NUM
faba-267	178	3	reveals	reveal	VERB
faba-267	178	4	a	a	DET
faba-267	178	5	positive	positive	ADJ
faba-267	178	6	and	and	CCONJ
faba-267	178	7	significant	significant	ADJ
faba-267	178	8	coefficient	coefficient	NOUN
faba-267	178	9	for	for	ADP
faba-267	178	10	inflation	inflation	NOUN
faba-267	178	11	(	(	PUNCT
faba-267	178	12	4.168	4.168	NUM
faba-267	178	13	,	,	PUNCT
faba-267	178	14	p	p	X
faba-267	178	15	<	<	X
faba-267	178	16	0.05	0.05	NUM
faba-267	178	17	)	)	PUNCT
faba-267	178	18	,	,	PUNCT
faba-267	178	19	suggesting	suggest	VERB
faba-267	178	20	that	that	SCONJ
faba-267	178	21	firms	firm	NOUN
faba-267	178	22	may	may	AUX
faba-267	178	23	increase	increase	VERB
faba-267	178	24	dividends	dividend	NOUN
faba-267	178	25	to	to	PART
faba-267	178	26	counteract	counteract	VERB
faba-267	178	27	inflation	inflation	NOUN
faba-267	178	28	's	's	PART
faba-267	178	29	impact	impact	NOUN
faba-267	178	30	on	on	ADP
faba-267	178	31	purchasing	purchase	VERB
faba-267	178	32	power	power	NOUN
faba-267	178	33	.	.	PUNCT
faba-267	179	1	model	model	NOUN
faba-267	179	2	4	4	NUM
faba-267	179	3	displays	display	VERB
faba-267	179	4	a	a	DET
faba-267	179	5	negative	negative	ADJ
faba-267	179	6	coefficient	coefficient	NOUN
faba-267	179	7	for	for	ADP
faba-267	179	8	the	the	DET
faba-267	179	9	exchange	exchange	NOUN
faba-267	179	10	rate	rate	NOUN
faba-267	179	11	(	(	PUNCT
faba-267	179	12	-15.61	-15.61	NOUN
faba-267	179	13	,	,	PUNCT
faba-267	179	14	p	p	X
faba-267	179	15	<	<	X
faba-267	179	16	0.01	0.01	NUM
faba-267	179	17	)	)	PUNCT
faba-267	179	18	,	,	PUNCT
faba-267	179	19	indicating	indicate	VERB
faba-267	179	20	that	that	SCONJ
faba-267	179	21	currency	currency	NOUN
faba-267	179	22	depreciation	depreciation	NOUN
faba-267	179	23	leads	lead	VERB
faba-267	179	24	to	to	ADP
faba-267	179	25	a	a	DET
faba-267	179	26	reduced	reduce	VERB
faba-267	179	27	dividend	dividend	NOUN
faba-267	179	28	payout	payout	NOUN
faba-267	179	29	ratio	ratio	NOUN
faba-267	179	30	.	.	PUNCT
faba-267	180	1	firm	firm	ADJ
faba-267	180	2	size	size	NOUN
faba-267	180	3	has	have	VERB
faba-267	180	4	a	a	DET
faba-267	180	5	consistently	consistently	ADV
faba-267	180	6	positive	positive	ADJ
faba-267	180	7	effect	effect	NOUN
faba-267	180	8	on	on	ADP
faba-267	180	9	dividends	dividend	NOUN
faba-267	180	10	across	across	ADP
faba-267	180	11	all	all	DET
faba-267	180	12	models	model	NOUN
faba-267	180	13	,	,	PUNCT
faba-267	180	14	with	with	ADP
faba-267	180	15	coefficients	coefficient	NOUN
faba-267	180	16	ranging	range	VERB
faba-267	180	17	from	from	ADP
faba-267	180	18	10.87	10.87	NUM
faba-267	180	19	to	to	ADP
faba-267	180	20	32.92	32.92	NUM
faba-267	180	21	,	,	PUNCT
faba-267	180	22	while	while	SCONJ
faba-267	180	23	younger	young	ADJ
faba-267	180	24	firms	firm	NOUN
faba-267	180	25	show	show	VERB
faba-267	180	26	a	a	DET
faba-267	180	27	negative	negative	ADJ
faba-267	180	28	correlation	correlation	NOUN
faba-267	180	29	with	with	ADP
faba-267	180	30	dividends	dividend	NOUN
faba-267	180	31	.	.	PUNCT
faba-267	181	1	leverage	leverage	NOUN
faba-267	181	2	is	be	AUX
faba-267	181	3	positively	positively	ADV
faba-267	181	4	linked	link	VERB
faba-267	181	5	to	to	PART
faba-267	181	6	dividend	dividend	VERB
faba-267	181	7	policy	policy	NOUN
faba-267	181	8	but	but	CCONJ
faba-267	181	9	is	be	AUX
faba-267	181	10	significant	significant	ADJ
faba-267	181	11	only	only	ADV
faba-267	181	12	in	in	ADP
faba-267	181	13	model	model	NOUN
faba-267	181	14	4	4	NUM
faba-267	181	15	(	(	PUNCT
faba-267	181	16	36.10	36.10	NUM
faba-267	181	17	,	,	PUNCT
faba-267	181	18	p	p	X
faba-267	181	19	<	<	X
faba-267	181	20	0.01	0.01	NUM
faba-267	181	21	)	)	PUNCT
faba-267	181	22	.	.	PUNCT
faba-267	182	1	roa	roa	PROPN
faba-267	182	2	inversely	inversely	ADV
faba-267	182	3	affects	affect	VERB
faba-267	182	4	dividends	dividend	NOUN
faba-267	182	5	(	(	PUNCT
faba-267	182	6	coefficients	coefficient	NOUN
faba-267	182	7	from	from	ADP
faba-267	182	8	-9.294	-9.294	NOUN
faba-267	182	9	to	to	ADP
faba-267	182	10	-37.64	-37.64	PROPN
faba-267	182	11	)	)	PUNCT
faba-267	182	12	,	,	PUNCT
faba-267	182	13	suggesting	suggest	VERB
faba-267	182	14	firms	firm	NOUN
faba-267	182	15	retain	retain	VERB
faba-267	182	16	profits	profit	NOUN
faba-267	182	17	for	for	ADP
faba-267	182	18	reinvestment	reinvestment	NOUN
faba-267	182	19	.	.	PUNCT
faba-267	183	1	roe	roe	PROPN
faba-267	183	2	has	have	VERB
faba-267	183	3	a	a	DET
faba-267	183	4	significant	significant	ADJ
faba-267	183	5	negative	negative	ADJ
faba-267	183	6	coefficient	coefficient	NOUN
faba-267	183	7	in	in	ADP
faba-267	183	8	model	model	NOUN
faba-267	183	9	4	4	NUM
faba-267	183	10	(	(	PUNCT
faba-267	183	11	-0.0100	-0.0100	ADJ
faba-267	183	12	,	,	PUNCT
faba-267	183	13	p	p	X
faba-267	183	14	<	<	X
faba-267	183	15	0.05	0.05	NUM
faba-267	183	16	)	)	PUNCT
faba-267	183	17	,	,	PUNCT
faba-267	183	18	indicating	indicate	VERB
faba-267	183	19	that	that	SCONJ
faba-267	183	20	higher	high	ADJ
faba-267	183	21	returns	return	NOUN
faba-267	183	22	lead	lead	VERB
faba-267	183	23	to	to	ADP
faba-267	183	24	profit	profit	NOUN
faba-267	183	25	retention	retention	NOUN
faba-267	183	26	.	.	PUNCT
faba-267	184	1	retained	retain	VERB
faba-267	184	2	earnings	earning	NOUN
faba-267	184	3	positively	positively	ADV
faba-267	184	4	impact	impact	VERB
faba-267	184	5	the	the	DET
faba-267	184	6	dividend	dividend	NOUN
faba-267	184	7	payout	payout	NOUN
faba-267	184	8	ratio	ratio	NOUN
faba-267	184	9	across	across	ADP
faba-267	184	10	all	all	DET
faba-267	184	11	models	model	NOUN
faba-267	184	12	(	(	PUNCT
faba-267	184	13	49.48	49.48	NUM
faba-267	184	14	to	to	ADP
faba-267	184	15	68.67	68.67	NUM
faba-267	184	16	)	)	PUNCT
faba-267	184	17	,	,	PUNCT
faba-267	184	18	suggesting	suggest	VERB
faba-267	184	19	firms	firm	NOUN
faba-267	184	20	with	with	ADP
faba-267	184	21	ample	ample	ADJ
faba-267	184	22	retained	retain	VERB
faba-267	184	23	earnings	earning	NOUN
faba-267	184	24	can	can	AUX
faba-267	184	25	pay	pay	VERB
faba-267	184	26	dividends	dividend	NOUN
faba-267	184	27	.	.	PUNCT
faba-267	185	1	lastly	lastly	ADV
faba-267	185	2	,	,	PUNCT
faba-267	185	3	the	the	DET
faba-267	185	4	relationship	relationship	NOUN
faba-267	185	5	between	between	ADP
faba-267	185	6	cash	cash	NOUN
faba-267	185	7	holdings	holding	NOUN
faba-267	185	8	and	and	CCONJ
faba-267	185	9	dividends	dividend	NOUN
faba-267	185	10	is	be	AUX
faba-267	185	11	negative	negative	ADJ
faba-267	185	12	and	and	CCONJ
faba-267	185	13	significant	significant	ADJ
faba-267	185	14	only	only	ADV
faba-267	185	15	in	in	ADP
faba-267	185	16	model	model	NOUN
faba-267	185	17	4	4	NUM
faba-267	185	18	(	(	PUNCT
faba-267	185	19	-11.53	-11.53	PROPN
faba-267	185	20	,	,	PUNCT
faba-267	185	21	p	p	X
faba-267	185	22	<	<	X
faba-267	185	23	0.01	0.01	NUM
faba-267	185	24	)	)	PUNCT
faba-267	185	25	,	,	PUNCT
faba-267	185	26	indicating	indicate	VERB
faba-267	185	27	firms	firm	NOUN
faba-267	185	28	favour	favour	AUX
faba-267	185	29	retaining	retain	VERB
faba-267	185	30	cash	cash	NOUN
faba-267	185	31	for	for	ADP
faba-267	185	32	operations	operation	NOUN
faba-267	185	33	rather	rather	ADV
faba-267	185	34	than	than	ADP
faba-267	185	35	distributing	distribute	VERB
faba-267	185	36	it	it	PRON
faba-267	185	37	.	.	PUNCT
faba-267	186	1	model	model	NOUN
faba-267	186	2	diagnostics	diagnostic	NOUN
faba-267	186	3	the	the	DET
faba-267	186	4	study	study	NOUN
faba-267	186	5	results	result	NOUN
faba-267	186	6	using	use	VERB
faba-267	186	7	two	two	NUM
faba-267	186	8	-	-	PUNCT
faba-267	186	9	step	step	NOUN
faba-267	186	10	difference	difference	NOUN
faba-267	186	11	gmm	gmm	NOUN
faba-267	186	12	for	for	ADP
faba-267	186	13	dynamic	dynamic	ADJ
faba-267	186	14	panel	panel	NOUN
faba-267	186	15	data	datum	NOUN
faba-267	186	16	are	be	AUX
faba-267	186	17	presented	present	VERB
faba-267	186	18	,	,	PUNCT
faba-267	186	19	focusing	focus	VERB
faba-267	186	20	on	on	ADP
faba-267	186	21	model	model	NOUN
faba-267	186	22	diagnostics	diagnostic	NOUN
faba-267	186	23	to	to	PART
faba-267	186	24	assess	assess	VERB
faba-267	186	25	credibility	credibility	NOUN
faba-267	186	26	and	and	CCONJ
faba-267	186	27	soundness	soundness	NOUN
faba-267	186	28	.	.	PUNCT
faba-267	187	1	key	key	ADJ
faba-267	187	2	diagnostics	diagnostic	NOUN
faba-267	187	3	include	include	VERB
faba-267	187	4	wald	wald	ADJ
faba-267	187	5	chi	chi	ADJ
faba-267	187	6	-	-	PUNCT
faba-267	187	7	square	square	ADJ
faba-267	187	8	statistics	statistic	NOUN
faba-267	187	9	,	,	PUNCT
faba-267	187	10	autocorrelation	autocorrelation	NOUN
faba-267	187	11	tests	test	NOUN
faba-267	187	12	,	,	PUNCT
faba-267	187	13	and	and	CCONJ
faba-267	187	14	over	over	ADP
faba-267	187	15	-	-	PUNCT
faba-267	187	16	identification	identification	NOUN
faba-267	187	17	tests	test	NOUN
faba-267	187	18	.	.	PUNCT
faba-267	188	1	the	the	DET
faba-267	188	2	wald	wald	PROPN
faba-267	188	3	chi	chi	PROPN
faba-267	188	4	-	-	PUNCT
faba-267	188	5	square	square	ADJ
faba-267	188	6	statistic	statistic	NOUN
faba-267	188	7	indicates	indicate	VERB
faba-267	188	8	a	a	DET
faba-267	188	9	good	good	ADJ
faba-267	188	10	model	model	NOUN
faba-267	188	11	fit	fit	ADJ
faba-267	188	12	with	with	ADP
faba-267	188	13	p	p	NOUN
faba-267	188	14	-	-	PUNCT
faba-267	188	15	values	value	NOUN
faba-267	188	16	(	(	PUNCT
faba-267	188	17	p	p	X
faba-267	188	18	<	<	X
faba-267	188	19	0.001	0.001	NUM
faba-267	188	20	)	)	PUNCT
faba-267	188	21	,	,	PUNCT
faba-267	188	22	suggesting	suggest	VERB
faba-267	188	23	that	that	SCONJ
faba-267	188	24	the	the	DET
faba-267	188	25	variables	variable	NOUN
faba-267	188	26	effectively	effectively	ADV
faba-267	188	27	account	account	VERB
faba-267	188	28	for	for	ADP
faba-267	188	29	variations	variation	NOUN
faba-267	188	30	in	in	ADP
faba-267	188	31	the	the	DET
faba-267	188	32	dividend	dividend	NOUN
faba-267	188	33	payout	payout	NOUN
faba-267	188	34	ratio	ratio	NOUN
faba-267	188	35	.	.	PUNCT
faba-267	189	1	the	the	DET
faba-267	189	2	ar(1	ar(1	NOUN
faba-267	189	3	)	)	PUNCT
faba-267	189	4	and	and	CCONJ
faba-267	189	5	ar(2	ar(2	PROPN
faba-267	189	6	)	)	PUNCT
faba-267	189	7	tests	test	NOUN
faba-267	189	8	reveal	reveal	VERB
faba-267	189	9	no	no	DET
faba-267	189	10	significant	significant	ADJ
faba-267	189	11	autocorrelation	autocorrelation	NOUN
faba-267	189	12	,	,	PUNCT
faba-267	189	13	reinforcing	reinforce	VERB
faba-267	189	14	the	the	DET
faba-267	189	15	model	model	NOUN
faba-267	189	16	's	's	PART
faba-267	189	17	validity	validity	NOUN
faba-267	189	18	.	.	PUNCT
faba-267	190	1	moreover	moreover	ADV
faba-267	190	2	,	,	PUNCT
faba-267	190	3	sargan	sargan	PROPN
faba-267	190	4	and	and	CCONJ
faba-267	190	5	hansen	hansen	PROPN
faba-267	190	6	's	's	PART
faba-267	190	7	p	p	NOUN
faba-267	190	8	-	-	PUNCT
faba-267	190	9	values	value	NOUN
faba-267	190	10	greater	great	ADJ
faba-267	190	11	than	than	ADP
faba-267	190	12	0.05	0.05	NUM
faba-267	190	13	indicate	indicate	VERB
faba-267	190	14	the	the	DET
faba-267	190	15	instruments	instrument	NOUN
faba-267	190	16	used	use	VERB
faba-267	190	17	are	be	AUX
faba-267	190	18	valid	valid	ADJ
faba-267	190	19	.	.	PUNCT
faba-267	191	1	discussion	discussion	NOUN
faba-267	191	2	of	of	ADP
faba-267	191	3	results	result	NOUN
faba-267	191	4	effect	effect	NOUN
faba-267	191	5	of	of	ADP
faba-267	191	6	the	the	DET
faba-267	191	7	money	money	NOUN
faba-267	191	8	supply	supply	NOUN
faba-267	191	9	on	on	ADP
faba-267	191	10	dividend	dividend	NOUN
faba-267	191	11	policy	policy	NOUN
faba-267	191	12	(	(	PUNCT
faba-267	191	13	model	model	NOUN
faba-267	191	14	1	1	NUM
faba-267	191	15	)	)	PUNCT
faba-267	191	16	the	the	DET
faba-267	191	17	positive	positive	ADJ
faba-267	191	18	and	and	CCONJ
faba-267	191	19	highly	highly	ADV
faba-267	191	20	significant	significant	ADJ
faba-267	191	21	association	association	NOUN
faba-267	191	22	between	between	ADP
faba-267	191	23	money	money	NOUN
faba-267	191	24	supply	supply	NOUN
faba-267	191	25	and	and	CCONJ
faba-267	191	26	dividend	dividend	VERB
faba-267	191	27	payout	payout	NOUN
faba-267	191	28	ratio	ratio	NOUN
faba-267	191	29	(	(	PUNCT
faba-267	191	30	coefficient	coefficient	NOUN
faba-267	191	31	:	:	PUNCT
faba-267	191	32	39.84	39.84	NUM
faba-267	191	33	,	,	PUNCT
faba-267	191	34	p<0.01	p<0.01	PROPN
faba-267	191	35	)	)	PUNCT
faba-267	191	36	observed	observe	VERB
faba-267	191	37	in	in	ADP
faba-267	191	38	this	this	DET
faba-267	191	39	study	study	NOUN
faba-267	191	40	aligns	align	VERB
faba-267	191	41	with	with	ADP
faba-267	191	42	the	the	DET
faba-267	191	43	studies	study	NOUN
faba-267	191	44	done	do	VERB
faba-267	191	45	by	by	ADP
faba-267	191	46	tran	tran	PROPN
faba-267	191	47	et	et	PROPN
faba-267	191	48	al	al	PROPN
faba-267	191	49	.	.	PROPN
faba-267	192	1	(	(	PUNCT
faba-267	192	2	2019	2019	NUM
faba-267	192	3	)	)	PUNCT
faba-267	192	4	and	and	CCONJ
faba-267	192	5	mbaka	mbaka	ADV
faba-267	192	6	(	(	PUNCT
faba-267	192	7	2022	2022	NUM
faba-267	192	8	)	)	PUNCT
faba-267	192	9	.	.	PUNCT
faba-267	193	1	a	a	DET
faba-267	193	2	study	study	NOUN
faba-267	193	3	by	by	ADP
faba-267	193	4	tran	tran	PROPN
faba-267	193	5	et	et	PROPN
faba-267	193	6	al	al	PROPN
faba-267	193	7	.	.	PROPN
faba-267	193	8	(	(	PUNCT
faba-267	193	9	2019	2019	NUM
faba-267	193	10	)	)	PUNCT
faba-267	193	11	on	on	ADP
faba-267	193	12	vietnamese	vietnamese	ADJ
faba-267	193	13	firms	firm	NOUN
faba-267	193	14	also	also	ADV
faba-267	193	15	confirmed	confirm	VERB
faba-267	193	16	our	our	PRON
faba-267	193	17	findings	finding	NOUN
faba-267	193	18	.	.	PUNCT
faba-267	194	1	likewise	likewise	ADV
faba-267	194	2	,	,	PUNCT
faba-267	194	3	mbaka	mbaka	PROPN
faba-267	194	4	’s	’	VERB
faba-267	194	5	(	(	PUNCT
faba-267	194	6	2022	2022	NUM
faba-267	194	7	)	)	PUNCT
faba-267	194	8	analysis	analysis	NOUN
faba-267	194	9	of	of	ADP
faba-267	194	10	companies	company	NOUN
faba-267	194	11	in	in	ADP
faba-267	194	12	nairobi	nairobi	PROPN
faba-267	194	13	established	establish	VERB
faba-267	194	14	that	that	SCONJ
faba-267	194	15	money	money	NOUN
faba-267	194	16	supply	supply	NOUN
faba-267	194	17	has	have	VERB
faba-267	194	18	a	a	DET
faba-267	194	19	direct	direct	ADJ
faba-267	194	20	and	and	CCONJ
faba-267	194	21	significant	significant	ADJ
faba-267	194	22	impact	impact	NOUN
faba-267	194	23	on	on	ADP
faba-267	194	24	the	the	DET
faba-267	194	25	dividend	dividend	NOUN
faba-267	194	26	payout	payout	NOUN
faba-267	194	27	ratio	ratio	NOUN
faba-267	194	28	(	(	PUNCT
faba-267	194	29	β	β	X
faba-267	194	30	=	=	SYM
faba-267	194	31	0.310	0.310	NUM
faba-267	194	32	,	,	PUNCT
faba-267	194	33	p<0.000	p<0.000	ADJ
faba-267	194	34	)	)	PUNCT
faba-267	194	35	.	.	PUNCT
faba-267	195	1	taken	take	VERB
faba-267	195	2	together	together	ADV
faba-267	195	3	,	,	PUNCT
faba-267	195	4	these	these	DET
faba-267	195	5	papers	paper	NOUN
faba-267	195	6	imply	imply	VERB
faba-267	195	7	that	that	SCONJ
faba-267	195	8	expansion	expansion	NOUN
faba-267	195	9	in	in	ADP
faba-267	195	10	money	money	NOUN
faba-267	195	11	supply	supply	NOUN
faba-267	195	12	results	result	NOUN
faba-267	195	13	in	in	ADP
faba-267	195	14	higher	high	ADJ
faba-267	195	15	dividend	dividend	NOUN
faba-267	195	16	payments	payment	NOUN
faba-267	195	17	,	,	PUNCT
faba-267	195	18	perhaps	perhaps	ADV
faba-267	195	19	because	because	SCONJ
faba-267	195	20	of	of	ADP
faba-267	195	21	enhanced	enhanced	ADJ
faba-267	195	22	liquidity	liquidity	NOUN
faba-267	195	23	in	in	ADP
faba-267	195	24	the	the	DET
faba-267	195	25	economy	economy	NOUN
faba-267	195	26	.	.	PUNCT
faba-267	196	1	effect	effect	NOUN
faba-267	196	2	of	of	ADP
faba-267	196	3	interest	interest	NOUN
faba-267	196	4	rates	rate	NOUN
faba-267	196	5	on	on	ADP
faba-267	196	6	dividend	dividend	NOUN
faba-267	196	7	policy	policy	NOUN
faba-267	196	8	(	(	PUNCT
faba-267	196	9	model	model	NOUN
faba-267	196	10	2	2	NUM
faba-267	196	11	)	)	PUNCT
faba-267	196	12	the	the	DET
faba-267	196	13	positive	positive	ADJ
faba-267	196	14	and	and	CCONJ
faba-267	196	15	significant	significant	ADJ
faba-267	196	16	effect	effect	NOUN
faba-267	196	17	of	of	ADP
faba-267	196	18	interest	interest	NOUN
faba-267	196	19	rates	rate	NOUN
faba-267	196	20	on	on	ADP
faba-267	196	21	the	the	DET
faba-267	196	22	dividend	dividend	NOUN
faba-267	196	23	payout	payout	NOUN
faba-267	196	24	ratio	ratio	NOUN
faba-267	196	25	(	(	PUNCT
faba-267	196	26	7.612	7.612	NUM
faba-267	196	27	,	,	PUNCT
faba-267	196	28	p<0.05	p<0.05	NOUN
faba-267	196	29	)	)	PUNCT
faba-267	196	30	is	be	AUX
faba-267	196	31	somewhat	somewhat	ADV
faba-267	196	32	different	different	ADJ
faba-267	196	33	from	from	ADP
faba-267	196	34	some	some	PRON
faba-267	196	35	of	of	ADP
faba-267	196	36	the	the	DET
faba-267	196	37	previous	previous	ADJ
faba-267	196	38	studies	study	NOUN
faba-267	196	39	.	.	PUNCT
faba-267	197	1	khan	khan	PROPN
faba-267	197	2	et	et	PROPN
faba-267	197	3	al	al	PROPN
faba-267	197	4	.	.	PROPN
faba-267	198	1	(	(	PUNCT
faba-267	198	2	2018	2018	NUM
faba-267	198	3	)	)	PUNCT
faba-267	198	4	,	,	PUNCT
faba-267	198	5	in	in	ADP
faba-267	198	6	their	their	PRON
faba-267	198	7	study	study	NOUN
faba-267	198	8	on	on	ADP
faba-267	198	9	pakistani	pakistani	ADJ
faba-267	198	10	textile	textile	NOUN
faba-267	198	11	firms	firm	NOUN
faba-267	198	12	,	,	PUNCT
faba-267	198	13	also	also	ADV
faba-267	198	14	revealed	reveal	VERB
faba-267	198	15	that	that	SCONJ
faba-267	198	16	interest	interest	NOUN
faba-267	198	17	rates	rate	NOUN
faba-267	198	18	have	have	VERB
faba-267	198	19	a	a	DET
faba-267	198	20	negative	negative	ADJ
faba-267	198	21	,	,	PUNCT
faba-267	198	22	insignificant	insignificant	ADJ
faba-267	198	23	impact	impact	NOUN
faba-267	198	24	.	.	PUNCT
faba-267	199	1	in	in	ADP
faba-267	199	2	the	the	DET
faba-267	199	3	same	same	ADJ
faba-267	199	4	way	way	NOUN
faba-267	199	5	,	,	PUNCT
faba-267	199	6	romus	romus	VERB
faba-267	199	7	et	et	PROPN
faba-267	199	8	al	al	PROPN
faba-267	199	9	.	.	PROPN
faba-267	200	1	(	(	PUNCT
faba-267	200	2	2020	2020	NUM
faba-267	200	3	)	)	PUNCT
faba-267	200	4	also	also	ADV
faba-267	200	5	stated	state	VERB
faba-267	200	6	that	that	SCONJ
faba-267	200	7	the	the	DET
faba-267	200	8	interest	interest	NOUN
faba-267	200	9	rate	rate	NOUN
faba-267	200	10	had	have	VERB
faba-267	200	11	no	no	DET
faba-267	200	12	significant	significant	ADJ
faba-267	200	13	impact	impact	NOUN
faba-267	200	14	,	,	PUNCT
faba-267	200	15	and	and	CCONJ
faba-267	200	16	rinanda	rinanda	ADJ
faba-267	200	17	(	(	PUNCT
faba-267	200	18	2022	2022	NUM
faba-267	200	19	)	)	PUNCT
faba-267	200	20	also	also	ADV
faba-267	200	21	found	find	VERB
faba-267	200	22	the	the	DET
faba-267	200	23	same	same	ADJ
faba-267	200	24	thing	thing	NOUN
faba-267	200	25	.	.	PUNCT
faba-267	201	1	contrary	contrary	ADJ
faba-267	201	2	to	to	ADP
faba-267	201	3	these	these	DET
faba-267	201	4	findings	finding	NOUN
faba-267	201	5	,	,	PUNCT
faba-267	201	6	our	our	PRON
faba-267	201	7	results	result	NOUN
faba-267	201	8	indicate	indicate	VERB
faba-267	201	9	that	that	SCONJ
faba-267	201	10	in	in	ADP
faba-267	201	11	the	the	DET
faba-267	201	12	ghanaian	ghanaian	ADJ
faba-267	201	13	context	context	NOUN
faba-267	201	14	,	,	PUNCT
faba-267	201	15	higher	high	ADJ
faba-267	201	16	interest	interest	NOUN
faba-267	201	17	rates	rate	NOUN
faba-267	201	18	may	may	AUX
faba-267	201	19	increase	increase	VERB
faba-267	201	20	the	the	DET
faba-267	201	21	dividend	dividend	NOUN
faba-267	201	22	payout	payout	NOUN
faba-267	201	23	ratio	ratio	NOUN
faba-267	201	24	,	,	PUNCT
faba-267	201	25	possibly	possibly	ADV
faba-267	201	26	as	as	ADP
faba-267	201	27	a	a	DET
faba-267	201	28	way	way	NOUN
faba-267	201	29	of	of	ADP
faba-267	201	30	attracting	attract	VERB
faba-267	201	31	investors	investor	NOUN
faba-267	201	32	.	.	PUNCT
faba-267	202	1	this	this	PRON
faba-267	202	2	could	could	AUX
faba-267	202	3	be	be	AUX
faba-267	202	4	due	due	ADJ
faba-267	202	5	to	to	ADP
faba-267	202	6	differences	difference	NOUN
faba-267	202	7	in	in	ADP
faba-267	202	8	economic	economic	ADJ
faba-267	202	9	environments	environment	NOUN
faba-267	202	10	,	,	PUNCT
faba-267	202	11	as	as	SCONJ
faba-267	202	12	those	those	DET
faba-267	202	13	previous	previous	ADJ
faba-267	202	14	studies	study	NOUN
faba-267	202	15	were	be	AUX
faba-267	202	16	done	do	VERB
faba-267	202	17	in	in	ADP
faba-267	202	18	asia	asia	PROPN
faba-267	202	19	.	.	PUNCT
faba-267	203	1	effect	effect	NOUN
faba-267	203	2	of	of	ADP
faba-267	203	3	inflation	inflation	NOUN
faba-267	203	4	on	on	ADP
faba-267	203	5	dividend	dividend	NOUN
faba-267	203	6	policy	policy	NOUN
faba-267	203	7	(	(	PUNCT
faba-267	203	8	model	model	NOUN
faba-267	203	9	3	3	NUM
faba-267	203	10	)	)	PUNCT
faba-267	203	11	the	the	DET
faba-267	203	12	positive	positive	ADJ
faba-267	203	13	and	and	CCONJ
faba-267	203	14	significant	significant	ADJ
faba-267	203	15	relationship	relationship	NOUN
faba-267	203	16	between	between	ADP
faba-267	203	17	inflation	inflation	NOUN
faba-267	203	18	and	and	CCONJ
faba-267	203	19	dividend	dividend	VERB
faba-267	203	20	payout	payout	NOUN
faba-267	203	21	ratio	ratio	NOUN
faba-267	203	22	(	(	PUNCT
faba-267	203	23	4.168	4.168	NUM
faba-267	203	24	,	,	PUNCT
faba-267	203	25	p<0.05	p<0.05	NOUN
faba-267	203	26	)	)	PUNCT
faba-267	203	27	observed	observe	VERB
faba-267	203	28	in	in	ADP
faba-267	203	29	this	this	DET
faba-267	203	30	study	study	NOUN
faba-267	203	31	corresponds	correspond	VERB
faba-267	203	32	to	to	ADP
faba-267	203	33	some	some	PRON
faba-267	203	34	of	of	ADP
faba-267	203	35	the	the	DET
faba-267	203	36	previous	previous	ADJ
faba-267	203	37	studies	study	NOUN
faba-267	203	38	but	but	CCONJ
faba-267	203	39	not	not	PART
faba-267	203	40	others	other	NOUN
faba-267	203	41	.	.	PUNCT
faba-267	204	1	in	in	ADP
faba-267	204	2	their	their	PRON
faba-267	204	3	study	study	NOUN
faba-267	204	4	of	of	ADP
faba-267	204	5	the	the	DET
faba-267	204	6	us	us	PROPN
faba-267	204	7	firms	firm	NOUN
faba-267	204	8	,	,	PUNCT
faba-267	204	9	basse	basse	PROPN
faba-267	204	10	and	and	CCONJ
faba-267	204	11	reddemann	reddemann	PROPN
faba-267	204	12	(	(	PUNCT
faba-267	204	13	2011	2011	NUM
faba-267	204	14	)	)	PUNCT
faba-267	204	15	noted	note	VERB
faba-267	204	16	that	that	SCONJ
faba-267	204	17	inflation	inflation	NOUN
faba-267	204	18	has	have	VERB
faba-267	204	19	a	a	DET
faba-267	204	20	positive	positive	ADJ
faba-267	204	21	impact	impact	NOUN
faba-267	204	22	,	,	PUNCT
faba-267	204	23	which	which	PRON
faba-267	204	24	is	be	AUX
faba-267	204	25	consistent	consistent	ADJ
faba-267	204	26	with	with	ADP
faba-267	204	27	this	this	DET
faba-267	204	28	study	study	NOUN
faba-267	204	29	.	.	PUNCT
faba-267	205	1	however	however	ADV
faba-267	205	2	,	,	PUNCT
faba-267	205	3	our	our	PRON
faba-267	205	4	findings	finding	NOUN
faba-267	205	5	are	be	AUX
faba-267	205	6	different	different	ADJ
faba-267	205	7	from	from	ADP
faba-267	205	8	yakubu	yakubu	PROPN
faba-267	205	9	(	(	PUNCT
faba-267	205	10	2019	2019	NUM
faba-267	205	11	)	)	PUNCT
faba-267	205	12	,	,	PUNCT
faba-267	205	13	who	who	PRON
faba-267	205	14	established	establish	VERB
faba-267	205	15	that	that	SCONJ
faba-267	205	16	while	while	SCONJ
faba-267	205	17	inflation	inflation	NOUN
faba-267	205	18	has	have	VERB
faba-267	205	19	a	a	DET
faba-267	205	20	positive	positive	ADJ
faba-267	205	21	impact	impact	NOUN
faba-267	205	22	on	on	ADP
faba-267	205	23	the	the	DET
faba-267	205	24	dividend	dividend	NOUN
faba-267	205	25	policies	policy	NOUN
faba-267	205	26	of	of	ADP
faba-267	205	27	the	the	DET
faba-267	205	28	listed	list	VERB
faba-267	205	29	banks	bank	NOUN
faba-267	205	30	in	in	ADP
faba-267	205	31	ghana	ghana	PROPN
faba-267	205	32	,	,	PUNCT
faba-267	205	33	the	the	DET
faba-267	205	34	impact	impact	NOUN
faba-267	205	35	is	be	AUX
faba-267	205	36	insignificant	insignificant	ADJ
faba-267	205	37	.	.	PUNCT
faba-267	206	1	in	in	ADP
faba-267	206	2	the	the	DET
faba-267	206	3	same	same	ADJ
faba-267	206	4	regard	regard	NOUN
faba-267	206	5	,	,	PUNCT
faba-267	206	6	mbaka	mbaka	ADJ
faba-267	206	7	(	(	PUNCT
faba-267	206	8	2022	2022	NUM
faba-267	206	9	)	)	PUNCT
faba-267	206	10	found	find	VERB
faba-267	206	11	a	a	DET
faba-267	206	12	positive	positive	ADJ
faba-267	206	13	but	but	CCONJ
faba-267	206	14	insignificant	insignificant	ADJ
faba-267	206	15	correlation	correlation	NOUN
faba-267	206	16	between	between	ADP
faba-267	206	17	inflation	inflation	NOUN
faba-267	206	18	and	and	CCONJ
faba-267	206	19	dividend	dividend	VERB
faba-267	206	20	payout	payout	ADJ
faba-267	206	21	ratio	ratio	NOUN
faba-267	206	22	in	in	ADP
faba-267	206	23	firms	firm	NOUN
faba-267	206	24	in	in	ADP
faba-267	206	25	nairobi	nairobi	PROPN
faba-267	206	26	(	(	PUNCT
faba-267	206	27	kenya	kenya	PROPN
faba-267	206	28	)	)	PUNCT
faba-267	206	29	.	.	PUNCT
faba-267	207	1	it	it	PRON
faba-267	207	2	is	be	AUX
faba-267	207	3	rather	rather	ADV
faba-267	207	4	surprising	surprising	ADJ
faba-267	207	5	that	that	SCONJ
faba-267	207	6	our	our	PRON
faba-267	207	7	results	result	NOUN
faba-267	207	8	differ	differ	VERB
faba-267	207	9	from	from	ADP
faba-267	207	10	yakubu	yakubu	PROPN
faba-267	207	11	’s	’s	PART
faba-267	207	12	(	(	PUNCT
faba-267	207	13	2019	2019	NUM
faba-267	207	14	)	)	PUNCT
faba-267	207	15	,	,	PUNCT
faba-267	207	16	given	give	VERB
faba-267	207	17	that	that	SCONJ
faba-267	207	18	both	both	DET
faba-267	207	19	works	work	NOUN
faba-267	207	20	examine	examine	VERB
faba-267	207	21	ghana	ghana	PROPN
faba-267	207	22	,	,	PUNCT
faba-267	207	23	indicating	indicate	VERB
faba-267	207	24	that	that	SCONJ
faba-267	207	25	the	the	DET
faba-267	207	26	connection	connection	NOUN
faba-267	207	27	between	between	ADP
faba-267	207	28	inflation	inflation	NOUN
faba-267	207	29	and	and	CCONJ
faba-267	207	30	dividend	dividend	NOUN
faba-267	207	31	policy	policy	NOUN
faba-267	207	32	may	may	AUX
faba-267	207	33	be	be	AUX
faba-267	207	34	contingent	contingent	ADJ
faba-267	207	35	on	on	ADP
faba-267	207	36	the	the	DET
faba-267	207	37	sector	sector	NOUN
faba-267	207	38	or	or	CCONJ
faba-267	207	39	period	period	NOUN
faba-267	207	40	under	under	ADP
faba-267	207	41	consideration	consideration	NOUN
faba-267	207	42	.	.	PUNCT
faba-267	208	1	our	our	PRON
faba-267	208	2	use	use	NOUN
faba-267	208	3	of	of	ADP
faba-267	208	4	gmm	gmm	PROPN
faba-267	208	5	estimation	estimation	NOUN
faba-267	208	6	instead	instead	ADV
faba-267	208	7	of	of	ADP
faba-267	208	8	yakubu	yakubu	PROPN
faba-267	208	9	’s	’s	PART
faba-267	208	10	pooled	pool	VERB
faba-267	208	11	ols	ol	NOUN
faba-267	208	12	and	and	CCONJ
faba-267	208	13	fixed	fix	VERB
faba-267	208	14	/	/	SYM
faba-267	208	15	random	random	ADJ
faba-267	208	16	effects	effect	NOUN
faba-267	208	17	models	model	NOUN
faba-267	208	18	could	could	AUX
faba-267	208	19	also	also	ADV
faba-267	208	20	explain	explain	VERB
faba-267	208	21	the	the	DET
faba-267	208	22	differences	difference	NOUN
faba-267	208	23	in	in	ADP
faba-267	208	24	the	the	DET
faba-267	208	25	results	result	NOUN
faba-267	208	26	.	.	PUNCT
faba-267	209	1	furthermore	furthermore	ADV
faba-267	209	2	,	,	PUNCT
faba-267	209	3	yakubu	yakubu	PROPN
faba-267	209	4	only	only	ADV
faba-267	209	5	focused	focus	VERB
faba-267	209	6	on	on	ADP
faba-267	209	7	banks	bank	NOUN
faba-267	209	8	from	from	ADP
faba-267	209	9	the	the	DET
faba-267	209	10	year	year	NOUN
faba-267	209	11	2006	2006	NUM
faba-267	209	12	to	to	ADP
faba-267	209	13	2015	2015	NUM
faba-267	209	14	.	.	PUNCT
faba-267	210	1	effect	effect	NOUN
faba-267	210	2	of	of	ADP
faba-267	210	3	exchange	exchange	NOUN
faba-267	210	4	rate	rate	NOUN
faba-267	210	5	on	on	ADP
faba-267	210	6	dividend	dividend	NOUN
faba-267	210	7	policy	policy	NOUN
faba-267	210	8	(	(	PUNCT
faba-267	210	9	model	model	NOUN
faba-267	210	10	4	4	NUM
faba-267	210	11	)	)	PUNCT
faba-267	210	12	the	the	DET
faba-267	210	13	negative	negative	ADJ
faba-267	210	14	and	and	CCONJ
faba-267	210	15	highly	highly	ADV
faba-267	210	16	significant	significant	ADJ
faba-267	210	17	effect	effect	NOUN
faba-267	210	18	of	of	ADP
faba-267	210	19	the	the	DET
faba-267	210	20	exchange	exchange	NOUN
faba-267	210	21	rate	rate	NOUN
faba-267	210	22	on	on	ADP
faba-267	210	23	the	the	DET
faba-267	210	24	dividend	dividend	NOUN
faba-267	210	25	payout	payout	NOUN
faba-267	210	26	ratio	ratio	NOUN
faba-267	210	27	(	(	PUNCT
faba-267	210	28	-15.61	-15.61	NOUN
faba-267	210	29	,	,	PUNCT
faba-267	210	30	p<0.01	p<0.01	PROPN
faba-267	210	31	)	)	PUNCT
faba-267	210	32	is	be	AUX
faba-267	210	33	in	in	ADP
faba-267	210	34	contrast	contrast	NOUN
faba-267	210	35	to	to	ADP
faba-267	210	36	some	some	PRON
faba-267	210	37	of	of	ADP
faba-267	210	38	the	the	DET
faba-267	210	39	earlier	early	ADJ
faba-267	210	40	studies	study	NOUN
faba-267	210	41	.	.	PUNCT
faba-267	211	1	mbaka	mbaka	ADJ
faba-267	211	2	(	(	PUNCT
faba-267	211	3	2022	2022	NUM
faba-267	211	4	)	)	PUNCT
faba-267	211	5	established	establish	VERB
faba-267	211	6	a	a	DET
faba-267	211	7	positive	positive	ADJ
faba-267	211	8	and	and	CCONJ
faba-267	211	9	significant	significant	ADJ
faba-267	211	10	correlation	correlation	NOUN
faba-267	211	11	between	between	ADP
faba-267	211	12	exchange	exchange	NOUN
faba-267	211	13	rates	rate	NOUN
faba-267	211	14	and	and	CCONJ
faba-267	211	15	dividend	dividend	VERB
faba-267	211	16	payout	payout	NOUN
faba-267	211	17	ratio	ratio	NOUN
faba-267	211	18	(	(	PUNCT
faba-267	211	19	β=0.317	β=0.317	ADV
faba-267	211	20	,	,	PUNCT
faba-267	211	21	p<0.000	p<0.000	PROPN
faba-267	211	22	)	)	PUNCT
faba-267	211	23	for	for	ADP
faba-267	211	24	companies	company	NOUN
faba-267	211	25	in	in	ADP
faba-267	211	26	nairobi	nairobi	PROPN
faba-267	211	27	(	(	PUNCT
faba-267	211	28	kenya	kenya	PROPN
faba-267	211	29	)	)	PUNCT
faba-267	211	30	.	.	PUNCT
faba-267	212	1	in	in	ADP
faba-267	212	2	the	the	DET
faba-267	212	3	same	same	ADJ
faba-267	212	4	regard	regard	NOUN
faba-267	212	5	,	,	PUNCT
faba-267	212	6	khan	khan	PROPN
faba-267	212	7	et	et	PROPN
faba-267	212	8	al	al	PROPN
faba-267	212	9	.	.	PROPN
faba-267	213	1	(	(	PUNCT
faba-267	213	2	2018	2018	NUM
faba-267	213	3	)	)	PUNCT
faba-267	213	4	found	find	VERB
faba-267	213	5	a	a	DET
faba-267	213	6	significant	significant	ADJ
faba-267	213	7	and	and	CCONJ
faba-267	213	8	positive	positive	ADJ
faba-267	213	9	correlation	correlation	NOUN
faba-267	213	10	between	between	ADP
faba-267	213	11	exchange	exchange	NOUN
faba-267	213	12	rates	rate	NOUN
faba-267	213	13	and	and	CCONJ
faba-267	213	14	the	the	DET
faba-267	213	15	dividend	dividend	NOUN
faba-267	213	16	payout	payout	NOUN
faba-267	213	17	ratio	ratio	NOUN
faba-267	213	18	in	in	ADP
faba-267	213	19	the	the	DET
faba-267	213	20	pakistani	pakistani	ADJ
faba-267	213	21	textile	textile	NOUN
faba-267	213	22	industry	industry	NOUN
faba-267	213	23	.	.	PUNCT
faba-267	214	1	contrary	contrary	ADJ
faba-267	214	2	to	to	ADP
faba-267	214	3	these	these	DET
faba-267	214	4	findings	finding	NOUN
faba-267	214	5	,	,	PUNCT
faba-267	214	6	doffour	doffour	NOUN
faba-267	214	7	,	,	PUNCT
faba-267	214	8	asamoah	asamoah	NOUN
faba-267	214	9	,	,	PUNCT
faba-267	214	10	anim	anim	NOUN
faba-267	214	11	,	,	PUNCT
faba-267	214	12	agyenim	agyenim	NOUN
faba-267	214	13	-	-	PUNCT
faba-267	214	14	boateng	boateng	NOUN
faba-267	214	15	/	/	SYM
faba-267	214	16	finance	finance	NOUN
faba-267	214	17	,	,	PUNCT
faba-267	214	18	accounting	accounting	NOUN
faba-267	214	19	and	and	CCONJ
faba-267	214	20	business	business	NOUN
faba-267	214	21	analysis	analysis	NOUN
faba-267	214	22	,	,	PUNCT
faba-267	214	23	volume	volume	NOUN
faba-267	214	24	7	7	NUM
faba-267	214	25	,	,	PUNCT
faba-267	214	26	issue1	issue1	ADV
faba-267	214	27	,	,	PUNCT
faba-267	214	28	2025	2025	NUM
faba-267	214	29	130	130	NUM
faba-267	214	30	our	our	PRON
faba-267	214	31	results	result	NOUN
faba-267	214	32	indicate	indicate	VERB
faba-267	214	33	that	that	SCONJ
faba-267	214	34	in	in	ADP
faba-267	214	35	the	the	DET
faba-267	214	36	context	context	NOUN
faba-267	214	37	of	of	ADP
faba-267	214	38	ghana	ghana	PROPN
faba-267	214	39	,	,	PUNCT
faba-267	214	40	currency	currency	NOUN
faba-267	214	41	depreciation	depreciation	NOUN
faba-267	214	42	results	result	NOUN
faba-267	214	43	in	in	ADP
faba-267	214	44	lower	low	ADJ
faba-267	214	45	dividend	dividend	NOUN
faba-267	214	46	payments	payment	NOUN
faba-267	214	47	.	.	PUNCT
faba-267	215	1	this	this	PRON
faba-267	215	2	also	also	ADV
faba-267	215	3	differs	differ	VERB
faba-267	215	4	from	from	ADP
faba-267	215	5	the	the	DET
faba-267	215	6	findings	finding	NOUN
faba-267	215	7	of	of	ADP
faba-267	215	8	rinanda	rinanda	NOUN
faba-267	215	9	(	(	PUNCT
faba-267	215	10	2022	2022	NUM
faba-267	215	11	)	)	PUNCT
faba-267	215	12	,	,	PUNCT
faba-267	215	13	whereby	whereby	SCONJ
faba-267	215	14	currency	currency	NOUN
faba-267	215	15	exchange	exchange	NOUN
faba-267	215	16	rates	rate	NOUN
faba-267	215	17	have	have	VERB
faba-267	215	18	an	an	DET
faba-267	215	19	insignificant	insignificant	ADJ
faba-267	215	20	impact	impact	NOUN
faba-267	215	21	on	on	ADP
faba-267	215	22	the	the	DET
faba-267	215	23	dividend	dividend	NOUN
faba-267	215	24	policies	policy	NOUN
faba-267	215	25	of	of	ADP
faba-267	215	26	indonesian	indonesian	ADJ
faba-267	215	27	manufacturing	manufacturing	NOUN
faba-267	215	28	firms	firm	NOUN
faba-267	215	29	during	during	ADP
faba-267	215	30	the	the	DET
faba-267	215	31	global	global	ADJ
faba-267	215	32	health	health	NOUN
faba-267	215	33	crisis	crisis	NOUN
faba-267	215	34	.	.	PUNCT
faba-267	216	1	conclusions	conclusion	NOUN
faba-267	216	2	,	,	PUNCT
faba-267	216	3	recommendations	recommendation	NOUN
faba-267	216	4	,	,	PUNCT
faba-267	216	5	and	and	CCONJ
faba-267	216	6	implications	implication	VERB
faba-267	216	7	the	the	DET
faba-267	216	8	purpose	purpose	NOUN
faba-267	216	9	of	of	ADP
faba-267	216	10	this	this	DET
faba-267	216	11	study	study	NOUN
faba-267	216	12	was	be	AUX
faba-267	216	13	to	to	PART
faba-267	216	14	investigate	investigate	VERB
faba-267	216	15	how	how	SCONJ
faba-267	216	16	macroeconomic	macroeconomic	ADJ
faba-267	216	17	variables	variable	NOUN
faba-267	216	18	affect	affect	VERB
faba-267	216	19	the	the	DET
faba-267	216	20	dividend	dividend	NOUN
faba-267	216	21	policies	policy	NOUN
faba-267	216	22	of	of	ADP
faba-267	216	23	firms	firm	NOUN
faba-267	216	24	in	in	ADP
faba-267	216	25	ghana	ghana	PROPN
faba-267	216	26	.	.	PUNCT
faba-267	217	1	the	the	DET
faba-267	217	2	findings	finding	NOUN
faba-267	217	3	indicate	indicate	VERB
faba-267	217	4	that	that	SCONJ
faba-267	217	5	these	these	DET
faba-267	217	6	factors	factor	NOUN
faba-267	217	7	significantly	significantly	ADV
faba-267	217	8	influence	influence	VERB
faba-267	217	9	the	the	DET
faba-267	217	10	dividend	dividend	NOUN
faba-267	217	11	payout	payout	NOUN
faba-267	217	12	ratio	ratio	NOUN
faba-267	217	13	;	;	PUNCT
faba-267	217	14	specifically	specifically	ADV
faba-267	217	15	,	,	PUNCT
faba-267	217	16	money	money	NOUN
faba-267	217	17	supply	supply	NOUN
faba-267	217	18	,	,	PUNCT
faba-267	217	19	interest	interest	NOUN
faba-267	217	20	rates	rate	NOUN
faba-267	217	21	,	,	PUNCT
faba-267	217	22	and	and	CCONJ
faba-267	217	23	inflation	inflation	NOUN
faba-267	217	24	are	be	AUX
faba-267	217	25	positively	positively	ADV
faba-267	217	26	related	relate	VERB
faba-267	217	27	to	to	ADP
faba-267	217	28	dividend	dividend	NOUN
faba-267	217	29	payments	payment	NOUN
faba-267	217	30	,	,	PUNCT
faba-267	217	31	while	while	SCONJ
faba-267	217	32	exchange	exchange	NOUN
faba-267	217	33	rates	rate	NOUN
faba-267	217	34	have	have	VERB
faba-267	217	35	a	a	DET
faba-267	217	36	negative	negative	ADJ
faba-267	217	37	impact	impact	NOUN
faba-267	217	38	.	.	PUNCT
faba-267	218	1	the	the	DET
faba-267	218	2	positive	positive	ADJ
faba-267	218	3	correlation	correlation	NOUN
faba-267	218	4	between	between	ADP
faba-267	218	5	money	money	NOUN
faba-267	218	6	supply	supply	NOUN
faba-267	218	7	and	and	CCONJ
faba-267	218	8	dividends	dividend	NOUN
faba-267	218	9	suggests	suggest	VERB
faba-267	218	10	that	that	SCONJ
faba-267	218	11	increased	increase	VERB
faba-267	218	12	liquidity	liquidity	NOUN
faba-267	218	13	can	can	AUX
faba-267	218	14	enhance	enhance	VERB
faba-267	218	15	dividend	dividend	NOUN
faba-267	218	16	distributions	distribution	NOUN
faba-267	218	17	,	,	PUNCT
faba-267	218	18	indicating	indicate	VERB
faba-267	218	19	that	that	SCONJ
faba-267	218	20	monetary	monetary	ADJ
faba-267	218	21	policy	policy	NOUN
faba-267	218	22	expansions	expansion	NOUN
faba-267	218	23	may	may	AUX
faba-267	218	24	benefit	benefit	VERB
faba-267	218	25	shareholders	shareholder	NOUN
faba-267	218	26	.	.	PUNCT
faba-267	219	1	conversely	conversely	ADV
faba-267	219	2	,	,	PUNCT
faba-267	219	3	higher	high	ADJ
faba-267	219	4	interest	interest	NOUN
faba-267	219	5	rates	rate	NOUN
faba-267	219	6	appear	appear	VERB
faba-267	219	7	to	to	PART
faba-267	219	8	encourage	encourage	VERB
faba-267	219	9	firms	firm	NOUN
faba-267	219	10	to	to	PART
faba-267	219	11	raise	raise	VERB
faba-267	219	12	dividends	dividend	NOUN
faba-267	219	13	to	to	PART
faba-267	219	14	attract	attract	VERB
faba-267	219	15	investors	investor	NOUN
faba-267	219	16	,	,	PUNCT
faba-267	219	17	countering	counter	VERB
faba-267	219	18	the	the	DET
faba-267	219	19	returns	return	NOUN
faba-267	219	20	on	on	ADP
faba-267	219	21	fixed	fix	VERB
faba-267	219	22	-	-	PUNCT
faba-267	219	23	income	income	NOUN
faba-267	219	24	assets	asset	NOUN
faba-267	219	25	.	.	PUNCT
faba-267	220	1	additionally	additionally	ADV
faba-267	220	2	,	,	PUNCT
faba-267	220	3	firms	firm	NOUN
faba-267	220	4	may	may	AUX
faba-267	220	5	use	use	VERB
faba-267	220	6	dividends	dividend	NOUN
faba-267	220	7	as	as	ADP
faba-267	220	8	a	a	DET
faba-267	220	9	hedge	hedge	NOUN
faba-267	220	10	against	against	ADP
faba-267	220	11	inflation	inflation	NOUN
faba-267	220	12	,	,	PUNCT
faba-267	220	13	thereby	thereby	ADV
faba-267	220	14	maintaining	maintain	VERB
faba-267	220	15	the	the	DET
faba-267	220	16	purchasing	purchase	VERB
faba-267	220	17	power	power	NOUN
faba-267	220	18	of	of	ADP
faba-267	220	19	shareholders	shareholder	NOUN
faba-267	220	20	to	to	PART
faba-267	220	21	cover	cover	VERB
faba-267	220	22	the	the	DET
faba-267	220	23	shareholders	shareholder	NOUN
faba-267	220	24	’	'	PUNCT
faba-267	220	25	purchasing	purchase	VERB
faba-267	220	26	power	power	NOUN
faba-267	220	27	erosion	erosion	NOUN
faba-267	220	28	to	to	PART
faba-267	220	29	maintain	maintain	VERB
faba-267	220	30	the	the	DET
faba-267	220	31	value	value	NOUN
faba-267	220	32	of	of	ADP
faba-267	220	33	cash	cash	NOUN
faba-267	220	34	dividends	dividend	NOUN
faba-267	220	35	.	.	PUNCT
faba-267	221	1	in	in	ADP
faba-267	221	2	contrast	contrast	NOUN
faba-267	221	3	,	,	PUNCT
faba-267	221	4	currency	currency	NOUN
faba-267	221	5	depreciation	depreciation	NOUN
faba-267	221	6	reduces	reduce	VERB
faba-267	221	7	profits	profit	NOUN
faba-267	221	8	and	and	CCONJ
faba-267	221	9	limits	limit	VERB
faba-267	221	10	cash	cash	NOUN
faba-267	221	11	available	available	ADJ
faba-267	221	12	for	for	ADP
faba-267	221	13	dividends	dividend	NOUN
faba-267	221	14	,	,	PUNCT
faba-267	221	15	prompting	prompt	VERB
faba-267	221	16	stricter	strict	ADJ
faba-267	221	17	dividend	dividend	NOUN
faba-267	221	18	policies	policy	NOUN
faba-267	221	19	.	.	PUNCT
faba-267	222	1	this	this	PRON
faba-267	222	2	is	be	AUX
faba-267	222	3	particularly	particularly	ADV
faba-267	222	4	relevant	relevant	ADJ
faba-267	222	5	for	for	ADP
faba-267	222	6	multinational	multinational	ADJ
faba-267	222	7	corporations	corporation	NOUN
faba-267	222	8	and	and	CCONJ
faba-267	222	9	foreign	foreign	ADJ
faba-267	222	10	investors	investor	NOUN
faba-267	222	11	evaluating	evaluate	VERB
faba-267	222	12	opportunities	opportunity	NOUN
faba-267	222	13	in	in	ADP
faba-267	222	14	ghana	ghana	PROPN
faba-267	222	15	amid	amid	ADP
faba-267	222	16	exchange	exchange	NOUN
faba-267	222	17	rate	rate	NOUN
faba-267	222	18	fluctuations	fluctuation	NOUN
faba-267	222	19	.	.	PUNCT
faba-267	223	1	we	we	PRON
faba-267	223	2	recommend	recommend	VERB
faba-267	223	3	that	that	SCONJ
faba-267	223	4	corporate	corporate	ADJ
faba-267	223	5	managers	manager	NOUN
faba-267	223	6	consider	consider	VERB
faba-267	223	7	these	these	DET
faba-267	223	8	macroeconomic	macroeconomic	ADJ
faba-267	223	9	factors	factor	NOUN
faba-267	223	10	when	when	SCONJ
faba-267	223	11	devising	devise	VERB
faba-267	223	12	dividend	dividend	NOUN
faba-267	223	13	policies	policy	NOUN
faba-267	223	14	and	and	CCONJ
faba-267	223	15	that	that	SCONJ
faba-267	223	16	investors	investor	NOUN
faba-267	223	17	factor	factor	VERB
faba-267	223	18	them	they	PRON
faba-267	223	19	into	into	ADP
faba-267	223	20	their	their	PRON
faba-267	223	21	assessments	assessment	NOUN
faba-267	223	22	of	of	ADP
faba-267	223	23	firms	firm	NOUN
faba-267	223	24	'	'	PART
faba-267	223	25	dividend	dividend	NOUN
faba-267	223	26	capacity	capacity	NOUN
faba-267	223	27	.	.	PUNCT
faba-267	224	1	this	this	DET
faba-267	224	2	research	research	NOUN
faba-267	224	3	adds	add	VERB
faba-267	224	4	to	to	ADP
faba-267	224	5	the	the	DET
faba-267	224	6	existing	exist	VERB
faba-267	224	7	works	work	NOUN
faba-267	224	8	on	on	ADP
faba-267	224	9	dividend	dividend	NOUN
faba-267	224	10	policy	policy	NOUN
faba-267	224	11	in	in	ADP
faba-267	224	12	africa	africa	PROPN
faba-267	224	13	.	.	PUNCT
faba-267	225	1	the	the	DET
faba-267	225	2	study	study	NOUN
faba-267	225	3	's	's	PART
faba-267	225	4	limitation	limitation	NOUN
faba-267	225	5	is	be	AUX
faba-267	225	6	its	its	PRON
faba-267	225	7	concentration	concentration	NOUN
faba-267	225	8	solely	solely	ADV
faba-267	225	9	on	on	ADP
faba-267	225	10	ghanaian	ghanaian	ADJ
faba-267	225	11	firms	firm	NOUN
faba-267	225	12	,	,	PUNCT
faba-267	225	13	which	which	PRON
faba-267	225	14	may	may	AUX
faba-267	225	15	affect	affect	VERB
faba-267	225	16	the	the	DET
faba-267	225	17	generalisability	generalisability	NOUN
faba-267	225	18	of	of	ADP
faba-267	225	19	the	the	DET
faba-267	225	20	results	result	NOUN
faba-267	225	21	.	.	PUNCT
faba-267	226	1	further	further	ADJ
faba-267	226	2	studies	study	NOUN
faba-267	226	3	could	could	AUX
faba-267	226	4	compare	compare	VERB
faba-267	226	5	these	these	DET
faba-267	226	6	findings	finding	NOUN
faba-267	226	7	with	with	ADP
faba-267	226	8	those	those	PRON
faba-267	226	9	from	from	ADP
faba-267	226	10	other	other	ADJ
faba-267	226	11	regions	region	NOUN
faba-267	226	12	.	.	PUNCT
faba-267	227	1	also	also	ADV
faba-267	227	2	,	,	PUNCT
faba-267	227	3	future	future	ADJ
faba-267	227	4	research	research	NOUN
faba-267	227	5	could	could	AUX
faba-267	227	6	explore	explore	VERB
faba-267	227	7	how	how	SCONJ
faba-267	227	8	macroeconomic	macroeconomic	ADJ
faba-267	227	9	factors	factor	NOUN
faba-267	227	10	interact	interact	VERB
faba-267	227	11	with	with	ADP
faba-267	227	12	firm	firm	ADJ
faba-267	227	13	characteristics	characteristic	NOUN
faba-267	227	14	and	and	CCONJ
faba-267	227	15	corporate	corporate	ADJ
faba-267	227	16	governance	governance	NOUN
faba-267	227	17	systems	system	NOUN
faba-267	227	18	to	to	PART
faba-267	227	19	influence	influence	VERB
faba-267	227	20	dividend	dividend	NOUN
faba-267	227	21	strategies	strategy	NOUN
faba-267	227	22	.	.	PUNCT
faba-267	228	1	references	reference	NOUN
faba-267	228	2	abor	abor	PROPN
faba-267	228	3	,	,	PUNCT
faba-267	228	4	j.	j.	PROPN
faba-267	228	5	,	,	PUNCT
faba-267	228	6	and	and	CCONJ
faba-267	228	7	g.	g.	PROPN
faba-267	228	8	a.	a.	NOUN
faba-267	228	9	bokpin	bokpin	NOUN
faba-267	228	10	.	.	PUNCT
faba-267	229	1	2010	2010	NUM
faba-267	229	2	.	.	PUNCT
faba-267	230	1	investment	investment	NOUN
faba-267	230	2	opportunities	opportunity	NOUN
faba-267	230	3	,	,	PUNCT
faba-267	230	4	corporate	corporate	ADJ
faba-267	230	5	finance	finance	NOUN
faba-267	230	6	,	,	PUNCT
faba-267	230	7	and	and	CCONJ
faba-267	230	8	dividend	dividend	VERB
faba-267	230	9	payout	payout	ADJ
faba-267	230	10	policy	policy	NOUN
faba-267	230	11	:	:	PUNCT
faba-267	230	12	evidence	evidence	NOUN
faba-267	230	13	from	from	ADP
faba-267	230	14	emerging	emerge	VERB
faba-267	230	15	markets	market	NOUN
faba-267	230	16	.	.	PUNCT
faba-267	231	1	studies	study	NOUN
faba-267	231	2	in	in	ADP
faba-267	231	3	economics	economic	NOUN
faba-267	231	4	and	and	CCONJ
faba-267	231	5	finance	finance	NOUN
faba-267	231	6	,	,	PUNCT
faba-267	231	7	27(3	27(3	NUM
faba-267	231	8	):	):	PUNCT
faba-267	231	9	180–94	180–94	NUM
faba-267	231	10	.	.	PUNCT
faba-267	232	1	https://doi.org/10.1108/10867371011060018	https://doi.org/10.1108/10867371011060018	NOUN
faba-267	232	2	.	.	PUNCT
faba-267	233	1	adelegan	adelegan	PROPN
faba-267	233	2	,	,	PUNCT
faba-267	233	3	o.	o.	PROPN
faba-267	233	4	j.	j.	PROPN
faba-267	233	5	2009	2009	NUM
faba-267	233	6	.	.	PUNCT
faba-267	234	1	price	price	NOUN
faba-267	234	2	reactions	reaction	NOUN
faba-267	234	3	to	to	PART
faba-267	234	4	dividend	dividend	VERB
faba-267	234	5	announcements	announcement	NOUN
faba-267	234	6	on	on	ADP
faba-267	234	7	the	the	DET
faba-267	234	8	nigerian	nigerian	ADJ
faba-267	234	9	stock	stock	NOUN
faba-267	234	10	market	market	NOUN
faba-267	234	11	.	.	PUNCT
faba-267	235	1	nairobi	nairobi	PROPN
faba-267	235	2	:	:	PUNCT
faba-267	235	3	african	african	ADJ
faba-267	235	4	economic	economic	ADJ
faba-267	235	5	research	research	NOUN
faba-267	235	6	consortium	consortium	NOUN
faba-267	235	7	.	.	PUNCT
faba-267	236	1	agarwal	agarwal	PROPN
faba-267	236	2	,	,	PUNCT
faba-267	236	3	j.	j.	PROPN
faba-267	236	4	d.	d.	PROPN
faba-267	236	5	,	,	PUNCT
faba-267	236	6	m.	m.	PROPN
faba-267	236	7	agarwal	agarwal	PROPN
faba-267	236	8	,	,	PUNCT
faba-267	236	9	a.	a.	NOUN
faba-267	236	10	agarwal	agarwal	PROPN
faba-267	236	11	,	,	PUNCT
faba-267	236	12	and	and	CCONJ
faba-267	236	13	y.	y.	PROPN
faba-267	236	14	agarwal	agarwal	PROPN
faba-267	236	15	.	.	PUNCT
faba-267	237	1	2018	2018	NUM
faba-267	237	2	.	.	PUNCT
faba-267	238	1	the	the	DET
faba-267	238	2	theory	theory	NOUN
faba-267	238	3	of	of	ADP
faba-267	238	4	money	money	NOUN
faba-267	238	5	,	,	PUNCT
faba-267	238	6	wealth	wealth	NOUN
faba-267	238	7	and	and	CCONJ
faba-267	238	8	efficient	efficient	ADJ
faba-267	238	9	currency	currency	NOUN
faba-267	238	10	markets	market	NOUN
faba-267	238	11	:	:	PUNCT
faba-267	238	12	modelling	model	VERB
faba-267	238	13	m5	m5	NOUN
faba-267	238	14	as	as	ADP
faba-267	238	15	money	money	NOUN
faba-267	238	16	supply	supply	NOUN
faba-267	238	17	with	with	ADP
faba-267	238	18	crypto	crypto	NOUN
faba-267	238	19	-	-	NOUN
faba-267	238	20	currency	currency	NOUN
faba-267	238	21	.	.	PUNCT
faba-267	239	1	finance	finance	PROPN
faba-267	239	2	india	india	PROPN
faba-267	239	3	,	,	PUNCT
faba-267	239	4	32(2	32(2	NUM
faba-267	239	5	):	):	PUNCT
faba-267	239	6	405–56	405–56	NUM
faba-267	239	7	.	.	PUNCT
faba-267	240	1	ajide	ajide	PROPN
faba-267	240	2	,	,	PUNCT
faba-267	240	3	f.	f.	PROPN
faba-267	240	4	m.	m.	PROPN
faba-267	240	5	,	,	PUNCT
faba-267	240	6	and	and	CCONJ
faba-267	240	7	a.	a.	NOUN
faba-267	240	8	a.	a.	NOUN
faba-267	240	9	aderemi	aderemi	PROPN
faba-267	240	10	.	.	PUNCT
faba-267	241	1	2014	2014	NUM
faba-267	241	2	.	.	PUNCT
faba-267	242	1	the	the	DET
faba-267	242	2	effects	effect	NOUN
faba-267	242	3	of	of	ADP
faba-267	242	4	corporate	corporate	ADJ
faba-267	242	5	social	social	ADJ
faba-267	242	6	responsibility	responsibility	NOUN
faba-267	242	7	activity	activity	NOUN
faba-267	242	8	disclosure	disclosure	NOUN
faba-267	242	9	on	on	ADP
faba-267	242	10	corporate	corporate	ADJ
faba-267	242	11	profitability	profitability	NOUN
faba-267	242	12	:	:	PUNCT
faba-267	242	13	empirical	empirical	ADJ
faba-267	242	14	evidence	evidence	NOUN
faba-267	242	15	from	from	ADP
faba-267	242	16	nigerian	nigerian	ADJ
faba-267	242	17	commercial	commercial	ADJ
faba-267	242	18	banks	bank	NOUN
faba-267	242	19	.	.	PUNCT
faba-267	243	1	iosr	iosr	ADJ
faba-267	243	2	journal	journal	PROPN
faba-267	243	3	of	of	ADP
faba-267	243	4	economics	economic	NOUN
faba-267	243	5	and	and	CCONJ
faba-267	243	6	finance	finance	NOUN
faba-267	243	7	(	(	PUNCT
faba-267	243	8	iosrjef	iosrjef	PROPN
faba-267	243	9	)	)	PUNCT
faba-267	243	10	,	,	PUNCT
faba-267	243	11	2(6	2(6	NUM
faba-267	243	12	):	):	PUNCT
faba-267	243	13	17–25	17–25	NUM
faba-267	243	14	.	.	PUNCT
faba-267	244	1	akyildirim	akyildirim	PROPN
faba-267	244	2	,	,	PUNCT
faba-267	244	3	e.	e.	PROPN
faba-267	244	4	,	,	PUNCT
faba-267	244	5	i.	i.	PROPN
faba-267	244	6	e.	e.	PROPN
faba-267	244	7	güney	güney	PROPN
faba-267	244	8	,	,	PUNCT
faba-267	244	9	j.	j.	PROPN
faba-267	244	10	c.	c.	PROPN
faba-267	244	11	rochet	rochet	PROPN
faba-267	244	12	,	,	PUNCT
faba-267	244	13	and	and	CCONJ
faba-267	244	14	h.	h.	PROPN
faba-267	244	15	m.	m.	PROPN
faba-267	244	16	soner	soner	NOUN
faba-267	244	17	.	.	PUNCT
faba-267	244	18	2014	2014	NUM
faba-267	244	19	.	.	PUNCT
faba-267	245	1	optimal	optimal	ADJ
faba-267	245	2	dividend	dividend	NOUN
faba-267	245	3	policy	policy	NOUN
faba-267	245	4	with	with	ADP
faba-267	245	5	random	random	ADJ
faba-267	245	6	interest	interest	NOUN
faba-267	245	7	rates	rate	NOUN
faba-267	245	8	.	.	PUNCT
faba-267	246	1	journal	journal	PROPN
faba-267	246	2	of	of	ADP
faba-267	246	3	mathematical	mathematical	ADJ
faba-267	246	4	economics	economic	NOUN
faba-267	246	5	,	,	PUNCT
faba-267	246	6	51	51	NUM
faba-267	246	7	:	:	PUNCT
faba-267	246	8	93–101	93–101	NUM
faba-267	246	9	.	.	PUNCT
faba-267	247	1	https://doi.org/10.1016/j.jmateco.2014.01.005	https://doi.org/10.1016/j.jmateco.2014.01.005	PROPN
faba-267	247	2	.	.	PUNCT
faba-267	248	1	alenezi	alenezi	PROPN
faba-267	248	2	,	,	PUNCT
faba-267	248	3	m.	m.	NOUN
faba-267	248	4	2015	2015	NUM
faba-267	248	5	.	.	PUNCT
faba-267	249	1	the	the	DET
faba-267	249	2	impact	impact	NOUN
faba-267	249	3	of	of	ADP
faba-267	249	4	exchange	exchange	NOUN
faba-267	249	5	rate	rate	NOUN
faba-267	249	6	,	,	PUNCT
faba-267	249	7	interest	interest	NOUN
faba-267	249	8	rate	rate	NOUN
faba-267	249	9	and	and	CCONJ
faba-267	249	10	oil	oil	NOUN
faba-267	249	11	price	price	NOUN
faba-267	249	12	fluctuations	fluctuation	NOUN
faba-267	249	13	on	on	ADP
faba-267	249	14	stock	stock	NOUN
faba-267	249	15	returns	return	NOUN
faba-267	249	16	of	of	ADP
faba-267	249	17	gcc	gcc	NOUN
faba-267	249	18	listed	list	VERB
faba-267	249	19	companies	company	NOUN
faba-267	249	20	.	.	PUNCT
faba-267	250	1	phd	phd	PROPN
faba-267	250	2	diss	diss	PROPN
faba-267	250	3	.	.	PROPN
faba-267	250	4	,	,	PUNCT
faba-267	250	5	university	university	PROPN
faba-267	250	6	of	of	ADP
faba-267	250	7	plymouth	plymouth	PROPN
faba-267	250	8	.	.	PUNCT
faba-267	251	1	appiah	appiah	PROPN
faba-267	251	2	-	-	PUNCT
faba-267	251	3	kubi	kubi	PROPN
faba-267	251	4	,	,	PUNCT
faba-267	251	5	s.	s.	PROPN
faba-267	251	6	n.	n.	PROPN
faba-267	251	7	k.	k.	PROPN
faba-267	251	8	,	,	PUNCT
faba-267	251	9	k.	k.	PROPN
faba-267	251	10	malec	malec	PROPN
faba-267	251	11	,	,	PUNCT
faba-267	251	12	j.	j.	PROPN
faba-267	251	13	phiri	phiri	PROPN
faba-267	251	14	,	,	PUNCT
faba-267	251	15	m.	m.	NOUN
faba-267	251	16	maitah	maitah	PROPN
faba-267	251	17	,	,	PUNCT
faba-267	251	18	z.	z.	PROPN
faba-267	251	19	gebeltová	gebeltová	PROPN
faba-267	251	20	,	,	PUNCT
faba-267	251	21	l.	l.	PROPN
faba-267	251	22	smutka	smutka	PROPN
faba-267	251	23	,	,	PUNCT
faba-267	251	24	v.	v.	CCONJ
faba-267	251	25	blazek	blazek	NOUN
faba-267	251	26	,	,	PUNCT
faba-267	251	27	k.	k.	PROPN
faba-267	251	28	maitah	maitah	PROPN
faba-267	251	29	,	,	PUNCT
faba-267	251	30	and	and	CCONJ
faba-267	251	31	j.	j.	PROPN
faba-267	251	32	sirohi	sirohi	PROPN
faba-267	251	33	.	.	PUNCT
faba-267	252	1	2021	2021	NUM
faba-267	252	2	.	.	PUNCT
faba-267	253	1	impact	impact	NOUN
faba-267	253	2	of	of	ADP
faba-267	253	3	tax	tax	NOUN
faba-267	253	4	incentives	incentive	NOUN
faba-267	253	5	on	on	ADP
faba-267	253	6	foreign	foreign	ADJ
faba-267	253	7	direct	direct	ADJ
faba-267	253	8	investment	investment	NOUN
faba-267	253	9	:	:	PUNCT
faba-267	253	10	evidence	evidence	NOUN
faba-267	253	11	from	from	ADP
faba-267	253	12	africa	africa	PROPN
faba-267	253	13	.	.	PUNCT
faba-267	254	1	sustainability	sustainability	NOUN
faba-267	254	2	,	,	PUNCT
faba-267	254	3	13(15	13(15	NUM
faba-267	254	4	):	):	PUNCT
faba-267	254	5	8661	8661	NUM
faba-267	254	6	.	.	PUNCT
faba-267	255	1	https://doi.org/10.3390/su13158661	https://doi.org/10.3390/su13158661	VERB
faba-267	255	2	.	.	PUNCT
faba-267	256	1	baba	baba	PROPN
faba-267	256	2	,	,	PUNCT
faba-267	256	3	s.	s.	PROPN
faba-267	256	4	,	,	PUNCT
faba-267	256	5	and	and	CCONJ
faba-267	256	6	t.	t.	PROPN
faba-267	256	7	nasieku	nasieku	PROPN
faba-267	256	8	.	.	PUNCT
faba-267	257	1	2016	2016	NUM
faba-267	257	2	.	.	PUNCT
faba-267	258	1	effect	effect	NOUN
faba-267	258	2	of	of	ADP
faba-267	258	3	macroeconomic	macroeconomic	ADJ
faba-267	258	4	factors	factor	NOUN
faba-267	258	5	on	on	ADP
faba-267	258	6	the	the	DET
faba-267	258	7	financial	financial	ADJ
faba-267	258	8	performance	performance	NOUN
faba-267	258	9	of	of	ADP
faba-267	258	10	commercial	commercial	ADJ
faba-267	258	11	banks	bank	NOUN
faba-267	258	12	in	in	ADP
faba-267	258	13	nigeria	nigeria	PROPN
faba-267	258	14	.	.	PUNCT
faba-267	259	1	international	international	ADJ
faba-267	259	2	journal	journal	PROPN
faba-267	259	3	of	of	ADP
faba-267	259	4	social	social	ADJ
faba-267	259	5	science	science	NOUN
faba-267	259	6	and	and	CCONJ
faba-267	259	7	information	information	NOUN
faba-267	259	8	technology	technology	NOUN
faba-267	259	9	,	,	PUNCT
faba-267	259	10	2(1	2(1	NUM
faba-267	259	11	):	):	PUNCT
faba-267	259	12	1278–99	1278–99	NOUN
faba-267	259	13	.	.	PUNCT
faba-267	260	1	baker	baker	PROPN
faba-267	260	2	,	,	PUNCT
faba-267	260	3	h.	h.	PROPN
faba-267	260	4	k.	k.	PROPN
faba-267	260	5	,	,	PUNCT
faba-267	260	6	and	and	CCONJ
faba-267	260	7	g.	g.	PROPN
faba-267	260	8	e.	e.	PROPN
faba-267	260	9	powell	powell	PROPN
faba-267	260	10	.	.	PUNCT
faba-267	261	1	1999	1999	NUM
faba-267	261	2	.	.	PUNCT
faba-267	262	1	how	how	SCONJ
faba-267	262	2	corporate	corporate	ADJ
faba-267	262	3	managers	manager	NOUN
faba-267	262	4	view	view	VERB
faba-267	262	5	dividend	dividend	NOUN
faba-267	262	6	policy	policy	NOUN
faba-267	262	7	.	.	PUNCT
faba-267	263	1	quarterly	quarterly	ADJ
faba-267	263	2	journal	journal	NOUN
faba-267	263	3	of	of	ADP
faba-267	263	4	business	business	NOUN
faba-267	263	5	and	and	CCONJ
faba-267	263	6	economics	economic	NOUN
faba-267	263	7	,	,	PUNCT
faba-267	263	8	17–35	17–35	NUM
faba-267	263	9	.	.	PUNCT
faba-267	264	1	baker	baker	PROPN
faba-267	264	2	,	,	PUNCT
faba-267	264	3	h.	h.	PROPN
faba-267	264	4	k.	k.	PROPN
faba-267	264	5	,	,	PUNCT
faba-267	264	6	and	and	CCONJ
faba-267	264	7	r.	r.	PROPN
faba-267	264	8	weigand	weigand	PROPN
faba-267	264	9	.	.	PUNCT
faba-267	265	1	2015	2015	NUM
faba-267	265	2	.	.	PUNCT
faba-267	266	1	corporate	corporate	ADJ
faba-267	266	2	dividend	dividend	NOUN
faba-267	266	3	policy	policy	NOUN
faba-267	266	4	revisited	revisit	VERB
faba-267	266	5	.	.	PUNCT
faba-267	267	1	managerial	managerial	ADJ
faba-267	267	2	finance	finance	NOUN
faba-267	267	3	,	,	PUNCT
faba-267	267	4	41(2	41(2	NUM
faba-267	267	5	):	):	PUNCT
faba-267	267	6	126	126	NUM
faba-267	267	7	–	–	SYM
faba-267	267	8	44	44	NUM
faba-267	267	9	.	.	PUNCT
faba-267	268	1	https://doi.org/10.1108/mf-03-2014-0077	https://doi.org/10.1108/mf-03-2014-0077	PROPN
faba-267	268	2	.	.	PUNCT
faba-267	268	3	baker	baker	PROPN
faba-267	268	4	,	,	PUNCT
faba-267	268	5	m.	m.	NOUN
faba-267	268	6	,	,	PUNCT
faba-267	268	7	and	and	CCONJ
faba-267	268	8	j.	j.	PROPN
faba-267	268	9	wurgler	wurgler	PROPN
faba-267	268	10	.	.	PUNCT
faba-267	269	1	2015	2015	NUM
faba-267	269	2	.	.	PUNCT
faba-267	270	1	do	do	AUX
faba-267	270	2	strict	strict	ADJ
faba-267	270	3	capital	capital	NOUN
faba-267	270	4	requirements	requirement	NOUN
faba-267	270	5	raise	raise	VERB
faba-267	270	6	the	the	DET
faba-267	270	7	cost	cost	NOUN
faba-267	270	8	of	of	ADP
faba-267	270	9	capital	capital	NOUN
faba-267	270	10	?	?	PUNCT
faba-267	271	1	bank	bank	NOUN
faba-267	271	2	regulation	regulation	NOUN
faba-267	271	3	,	,	PUNCT
faba-267	271	4	capital	capital	NOUN
faba-267	271	5	structure	structure	NOUN
faba-267	271	6	,	,	PUNCT
faba-267	271	7	and	and	CCONJ
faba-267	271	8	the	the	DET
faba-267	271	9	low	low	ADJ
faba-267	271	10	-	-	PUNCT
faba-267	271	11	risk	risk	NOUN
faba-267	271	12	anomaly	anomaly	NOUN
faba-267	271	13	.	.	PUNCT
faba-267	272	1	american	american	PROPN
faba-267	272	2	economic	economic	PROPN
faba-267	272	3	review	review	PROPN
faba-267	272	4	,	,	PUNCT
faba-267	272	5	105(5	105(5	NUM
faba-267	272	6	):	):	PUNCT
faba-267	272	7	315–20	315–20	NUM
faba-267	272	8	.	.	PUNCT
faba-267	272	9	basse	basse	PROPN
faba-267	272	10	,	,	PUNCT
faba-267	272	11	t.	t.	PROPN
faba-267	272	12	,	,	PUNCT
faba-267	272	13	and	and	CCONJ
faba-267	272	14	s.	s.	PROPN
faba-267	272	15	reddemann	reddemann	PROPN
faba-267	272	16	.	.	PUNCT
faba-267	273	1	2011	2011	NUM
faba-267	273	2	.	.	PUNCT
faba-267	274	1	inflation	inflation	NOUN
faba-267	274	2	and	and	CCONJ
faba-267	274	3	the	the	DET
faba-267	274	4	dividend	dividend	NOUN
faba-267	274	5	policy	policy	NOUN
faba-267	274	6	of	of	ADP
faba-267	274	7	us	us	PROPN
faba-267	274	8	firms	firm	NOUN
faba-267	274	9	.	.	PUNCT
faba-267	275	1	managerial	managerial	ADJ
faba-267	275	2	finance	finance	NOUN
faba-267	275	3	,	,	PUNCT
faba-267	275	4	37(1	37(1	NUM
faba-267	275	5	):	):	PUNCT
faba-267	275	6	34–46	34–46	NUM
faba-267	275	7	.	.	PUNCT
faba-267	276	1	https://doi.org/10.1108/03074351111092139	https://doi.org/10.1108/03074351111092139	PROPN
faba-267	276	2	.	.	PUNCT
faba-267	276	3	black	black	PROPN
faba-267	276	4	,	,	PUNCT
faba-267	276	5	f.	f.	PROPN
faba-267	276	6	1976	1976	NUM
faba-267	276	7	.	.	PUNCT
faba-267	277	1	the	the	DET
faba-267	277	2	dividend	dividend	NOUN
faba-267	277	3	puzzle	puzzle	NOUN
faba-267	277	4	.	.	PUNCT
faba-267	278	1	journal	journal	PROPN
faba-267	278	2	of	of	ADP
faba-267	278	3	portfolio	portfolio	NOUN
faba-267	278	4	management	management	NOUN
faba-267	278	5	,	,	PUNCT
faba-267	278	6	2(2	2(2	NUM
faba-267	278	7	):	):	PUNCT
faba-267	278	8	5–8	5–8	PROPN
faba-267	278	9	.	.	PUNCT
faba-267	278	10	https://doi.org/10.2752/175693809x418667	https://doi.org/10.2752/175693809x418667	NOUN
faba-267	278	11	.	.	PUNCT
faba-267	279	1	https://doi.org/10.1108/10867371011060018	https://doi.org/10.1108/10867371011060018	NOUN
faba-267	279	2	https://doi.org/10.1016/j.jmateco.2014.01.005	https://doi.org/10.1016/j.jmateco.2014.01.005	NUM
faba-267	279	3	https://doi.org/10.3390/su13158661	https://doi.org/10.3390/su13158661	VERB
faba-267	279	4	https://doi.org/10.1108/mf-03-2014-0077	https://doi.org/10.1108/mf-03-2014-0077	PROPN
faba-267	279	5	https://doi.org/10.1108/03074351111092139	https://doi.org/10.1108/03074351111092139	PROPN
faba-267	279	6	https://doi.org/10.2752/175693809x418667	https://doi.org/10.2752/175693809x418667	NOUN
faba-267	279	7	doffour	doffour	NOUN
faba-267	279	8	,	,	PUNCT
faba-267	279	9	asamoah	asamoah	NOUN
faba-267	279	10	,	,	PUNCT
faba-267	279	11	anim	anim	NOUN
faba-267	279	12	,	,	PUNCT
faba-267	279	13	agyenim	agyenim	NOUN
faba-267	279	14	-	-	PUNCT
faba-267	279	15	boateng	boateng	NOUN
faba-267	279	16	/	/	SYM
faba-267	279	17	finance	finance	NOUN
faba-267	279	18	,	,	PUNCT
faba-267	279	19	accounting	accounting	NOUN
faba-267	279	20	and	and	CCONJ
faba-267	279	21	business	business	NOUN
faba-267	279	22	analysis	analysis	NOUN
faba-267	279	23	,	,	PUNCT
faba-267	279	24	volume	volume	NOUN
faba-267	279	25	7	7	NUM
faba-267	279	26	,	,	PUNCT
faba-267	279	27	issue1	issue1	ADV
faba-267	279	28	,	,	PUNCT
faba-267	279	29	2025	2025	NUM
faba-267	279	30	131	131	NUM
faba-267	279	31	blanchard	blanchard	NOUN
faba-267	279	32	,	,	PUNCT
faba-267	279	33	o.	o.	PROPN
faba-267	279	34	,	,	PUNCT
faba-267	279	35	and	and	CCONJ
faba-267	279	36	d.	d.	PROPN
faba-267	279	37	r.	r.	PROPN
faba-267	279	38	johnson	johnson	PROPN
faba-267	279	39	.	.	PROPN
faba-267	280	1	2017	2017	NUM
faba-267	280	2	.	.	PUNCT
faba-267	281	1	macroeconomics	macroeconomic	NOUN
faba-267	281	2	.	.	PUNCT
faba-267	282	1	7th	7th	ADJ
faba-267	282	2	ed	ed	NOUN
faba-267	282	3	.	.	PUNCT
faba-267	283	1	new	new	PROPN
faba-267	283	2	york	york	PROPN
faba-267	283	3	:	:	PUNCT
faba-267	284	1	pearson	pearson	PROPN
faba-267	284	2	.	.	PROPN
faba-267	284	3	blanchard	blanchard	PROPN
faba-267	284	4	,	,	PUNCT
faba-267	284	5	o.	o.	PROPN
faba-267	284	6	,	,	PUNCT
faba-267	284	7	e.	e.	PROPN
faba-267	284	8	cerutti	cerutti	PROPN
faba-267	284	9	,	,	PUNCT
faba-267	284	10	and	and	CCONJ
faba-267	284	11	l.	l.	PROPN
faba-267	284	12	summers	summer	NOUN
faba-267	284	13	.	.	PUNCT
faba-267	285	1	2015	2015	NUM
faba-267	285	2	.	.	PUNCT
faba-267	286	1	inflation	inflation	NOUN
faba-267	286	2	and	and	CCONJ
faba-267	286	3	activity	activity	NOUN
faba-267	286	4	—	—	PUNCT
faba-267	286	5	two	two	NUM
faba-267	286	6	explorations	exploration	NOUN
faba-267	286	7	and	and	CCONJ
faba-267	286	8	their	their	PRON
faba-267	286	9	monetary	monetary	ADJ
faba-267	286	10	policy	policy	NOUN
faba-267	286	11	implications	implication	NOUN
faba-267	286	12	.	.	PUNCT
faba-267	287	1	nber	nber	PROPN
faba-267	287	2	working	working	PROPN
faba-267	287	3	paper	paper	PROPN
faba-267	287	4	no	no	INTJ
faba-267	287	5	.	.	PUNCT
faba-267	287	6	21726	21726	NUM
faba-267	287	7	.	.	PUNCT
faba-267	288	1	cambridge	cambridge	PROPN
faba-267	288	2	,	,	PUNCT
faba-267	288	3	ma	ma	PROPN
faba-267	288	4	:	:	PUNCT
faba-267	288	5	national	national	PROPN
faba-267	288	6	bureau	bureau	PROPN
faba-267	288	7	of	of	ADP
faba-267	288	8	economic	economic	ADJ
faba-267	288	9	research	research	NOUN
faba-267	288	10	.	.	PUNCT
faba-267	289	1	blundell	blundell	PROPN
faba-267	289	2	,	,	PUNCT
faba-267	289	3	r.	r.	PROPN
faba-267	289	4	,	,	PUNCT
faba-267	289	5	and	and	CCONJ
faba-267	289	6	s.	s.	PROPN
faba-267	289	7	bond	bond	PROPN
faba-267	289	8	.	.	PUNCT
faba-267	290	1	1998	1998	NUM
faba-267	290	2	.	.	PUNCT
faba-267	291	1	initial	initial	ADJ
faba-267	291	2	conditions	condition	NOUN
faba-267	291	3	and	and	CCONJ
faba-267	291	4	moment	moment	VERB
faba-267	291	5	restrictions	restriction	NOUN
faba-267	291	6	in	in	ADP
faba-267	291	7	dynamic	dynamic	ADJ
faba-267	291	8	panel	panel	NOUN
faba-267	291	9	data	datum	NOUN
faba-267	291	10	models	model	NOUN
faba-267	291	11	.	.	PUNCT
faba-267	292	1	journal	journal	NOUN
faba-267	292	2	of	of	ADP
faba-267	292	3	econometrics	econometric	NOUN
faba-267	292	4	,	,	PUNCT
faba-267	292	5	87(1	87(1	NUM
faba-267	292	6	):	):	PUNCT
faba-267	292	7	115–43	115–43	NUM
faba-267	292	8	.	.	PUNCT
faba-267	293	1	bokpin	bokpin	NOUN
faba-267	293	2	,	,	PUNCT
faba-267	293	3	g.	g.	PROPN
faba-267	293	4	a.	a.	PROPN
faba-267	293	5	2011	2011	NUM
faba-267	293	6	.	.	PUNCT
faba-267	294	1	ownership	ownership	NOUN
faba-267	294	2	structure	structure	NOUN
faba-267	294	3	,	,	PUNCT
faba-267	294	4	corporate	corporate	ADJ
faba-267	294	5	governance	governance	NOUN
faba-267	294	6	and	and	CCONJ
faba-267	294	7	dividend	dividend	NOUN
faba-267	294	8	performance	performance	NOUN
faba-267	294	9	on	on	ADP
faba-267	294	10	the	the	DET
faba-267	294	11	ghana	ghana	PROPN
faba-267	294	12	stock	stock	PROPN
faba-267	294	13	exchange	exchange	PROPN
faba-267	294	14	.	.	PUNCT
faba-267	295	1	journal	journal	NOUN
faba-267	295	2	of	of	ADP
faba-267	295	3	applied	apply	VERB
faba-267	295	4	accounting	accounting	NOUN
faba-267	295	5	research	research	NOUN
faba-267	295	6	,	,	PUNCT
faba-267	295	7	12(1	12(1	NUM
faba-267	295	8	):	):	PUNCT
faba-267	295	9	61–73	61–73	NUM
faba-267	295	10	.	.	PUNCT
faba-267	296	1	https://doi.org/10.1108/09675421111130612	https://doi.org/10.1108/09675421111130612	PROPN
faba-267	296	2	.	.	PUNCT
faba-267	297	1	bossman	bossman	PROPN
faba-267	297	2	,	,	PUNCT
faba-267	297	3	a.	a.	PROPN
faba-267	297	4	,	,	PUNCT
faba-267	297	5	s.	s.	PROPN
faba-267	297	6	k.	k.	PROPN
faba-267	297	7	agyei	agyei	PROPN
faba-267	297	8	,	,	PUNCT
faba-267	297	9	o.	o.	PROPN
faba-267	297	10	asiamah	asiamah	PROPN
faba-267	297	11	,	,	PUNCT
faba-267	297	12	e.	e.	PROPN
faba-267	297	13	a.	a.	PROPN
faba-267	297	14	agyei	agyei	PROPN
faba-267	297	15	,	,	PUNCT
faba-267	297	16	e.	e.	PROPN
faba-267	297	17	y.	y.	PROPN
faba-267	297	18	arhin	arhin	PROPN
faba-267	297	19	,	,	PUNCT
faba-267	297	20	and	and	CCONJ
faba-267	297	21	e.	e.	PROPN
faba-267	297	22	marfo	marfo	PROPN
faba-267	297	23	-	-	PUNCT
faba-267	297	24	yiadom	yiadom	NOUN
faba-267	297	25	.	.	PUNCT
faba-267	298	1	2022	2022	NUM
faba-267	298	2	.	.	PUNCT
faba-267	299	1	dividend	dividend	NOUN
faba-267	299	2	policy	policy	NOUN
faba-267	299	3	and	and	CCONJ
faba-267	299	4	performance	performance	NOUN
faba-267	299	5	of	of	ADP
faba-267	299	6	listed	list	VERB
faba-267	299	7	firms	firm	NOUN
faba-267	299	8	on	on	ADP
faba-267	299	9	ghana	ghana	PROPN
faba-267	299	10	stock	stock	PROPN
faba-267	299	11	exchange	exchange	PROPN
faba-267	299	12	.	.	PUNCT
faba-267	300	1	cogent	cogent	NOUN
faba-267	300	2	economics	economic	NOUN
faba-267	300	3	&	&	CCONJ
faba-267	300	4	finance	finance	PROPN
faba-267	300	5	,	,	PUNCT
faba-267	300	6	10(1	10(1	NUM
faba-267	300	7	):	):	PUNCT
faba-267	300	8	2127220	2127220	NUM
faba-267	300	9	.	.	PUNCT
faba-267	301	1	https://doi.org/10.1080/23322039.2022.2127220	https://doi.org/10.1080/23322039.2022.2127220	PROPN
faba-267	301	2	.	.	PUNCT
faba-267	301	3	brealey	brealey	PROPN
faba-267	301	4	,	,	PUNCT
faba-267	301	5	r.	r.	PROPN
faba-267	301	6	a.	a.	PROPN
faba-267	301	7	,	,	PUNCT
faba-267	301	8	s.	s.	PROPN
faba-267	301	9	c.	c.	PROPN
faba-267	301	10	myers	myers	PROPN
faba-267	301	11	,	,	PUNCT
faba-267	301	12	and	and	CCONJ
faba-267	301	13	f.	f.	PROPN
faba-267	301	14	allen	allen	PROPN
faba-267	301	15	.	.	PROPN
faba-267	301	16	2014	2014	NUM
faba-267	301	17	.	.	PUNCT
faba-267	302	1	principles	principle	NOUN
faba-267	302	2	of	of	ADP
faba-267	302	3	corporate	corporate	ADJ
faba-267	302	4	finance	finance	NOUN
faba-267	302	5	.	.	PUNCT
faba-267	303	1	new	new	PROPN
faba-267	303	2	york	york	PROPN
faba-267	303	3	:	:	PUNCT
faba-267	303	4	mcgraw	mcgraw	PROPN
faba-267	303	5	-	-	PUNCT
faba-267	303	6	hill	hill	PROPN
faba-267	303	7	.	.	PUNCT
faba-267	304	1	brigham	brigham	PROPN
faba-267	304	2	,	,	PUNCT
faba-267	304	3	e.	e.	PROPN
faba-267	304	4	f.	f.	PROPN
faba-267	304	5	,	,	PUNCT
faba-267	304	6	and	and	CCONJ
faba-267	304	7	j.	j.	PROPN
faba-267	304	8	f.	f.	PROPN
faba-267	304	9	houston	houston	PROPN
faba-267	304	10	.	.	PUNCT
faba-267	305	1	2013	2013	NUM
faba-267	305	2	.	.	PUNCT
faba-267	306	1	fundamentals	fundamental	NOUN
faba-267	306	2	of	of	ADP
faba-267	306	3	financial	financial	ADJ
faba-267	306	4	management	management	NOUN
faba-267	306	5	.	.	PUNCT
faba-267	307	1	mason	mason	PROPN
faba-267	307	2	,	,	PUNCT
faba-267	307	3	oh	oh	INTJ
faba-267	307	4	:	:	PUNCT
faba-267	307	5	south	south	ADJ
faba-267	307	6	-	-	PUNCT
faba-267	307	7	western	western	PROPN
faba-267	307	8	cengage	cengage	PROPN
faba-267	307	9	learning	learning	PROPN
faba-267	307	10	.	.	PUNCT
faba-267	308	1	brueggeman	brueggeman	PROPN
faba-267	308	2	,	,	PUNCT
faba-267	308	3	w.	w.	PROPN
faba-267	308	4	b.	b.	PROPN
faba-267	308	5	,	,	PUNCT
faba-267	308	6	and	and	CCONJ
faba-267	308	7	j.	j.	PROPN
faba-267	308	8	d.	d.	PROPN
faba-267	308	9	fisher	fisher	PROPN
faba-267	308	10	.	.	PUNCT
faba-267	309	1	2018	2018	NUM
faba-267	309	2	.	.	PUNCT
faba-267	310	1	real	real	ADJ
faba-267	310	2	estate	estate	NOUN
faba-267	310	3	finance	finance	NOUN
faba-267	310	4	and	and	CCONJ
faba-267	310	5	investments	investment	NOUN
faba-267	310	6	.	.	PUNCT
faba-267	311	1	new	new	PROPN
faba-267	311	2	york	york	PROPN
faba-267	311	3	:	:	PUNCT
faba-267	311	4	mcgraw	mcgraw	PROPN
faba-267	311	5	-	-	PUNCT
faba-267	311	6	hill	hill	PROPN
faba-267	311	7	.	.	PUNCT
faba-267	312	1	buallay	buallay	PROPN
faba-267	312	2	,	,	PUNCT
faba-267	312	3	a.	a.	NOUN
faba-267	312	4	2019	2019	NUM
faba-267	312	5	.	.	PUNCT
faba-267	313	1	is	be	AUX
faba-267	313	2	sustainability	sustainability	NOUN
faba-267	313	3	reporting	reporting	NOUN
faba-267	313	4	(	(	PUNCT
faba-267	313	5	esg	esg	NOUN
faba-267	313	6	)	)	PUNCT
faba-267	313	7	associated	associate	VERB
faba-267	313	8	with	with	ADP
faba-267	313	9	performance	performance	NOUN
faba-267	313	10	?	?	PUNCT
faba-267	314	1	evidence	evidence	NOUN
faba-267	314	2	from	from	ADP
faba-267	314	3	the	the	DET
faba-267	314	4	european	european	ADJ
faba-267	314	5	banking	banking	NOUN
faba-267	314	6	sector	sector	NOUN
faba-267	314	7	.	.	PUNCT
faba-267	315	1	management	management	NOUN
faba-267	315	2	of	of	ADP
faba-267	315	3	environmental	environmental	ADJ
faba-267	315	4	quality	quality	NOUN
faba-267	315	5	:	:	PUNCT
faba-267	315	6	an	an	DET
faba-267	315	7	international	international	ADJ
faba-267	315	8	journal	journal	NOUN
faba-267	315	9	,	,	PUNCT
faba-267	315	10	30(1	30(1	NUM
faba-267	315	11	):	):	PUNCT
faba-267	315	12	98–115	98–115	PROPN
faba-267	315	13	.	.	PUNCT
faba-267	316	1	https://doi.org/10.1108/meq-12-2017-0149	https://doi.org/10.1108/meq-12-2017-0149	NOUN
faba-267	316	2	.	.	PUNCT
faba-267	317	1	burmeister	burmeister	NOUN
faba-267	317	2	,	,	PUNCT
faba-267	317	3	e.	e.	PROPN
faba-267	317	4	,	,	PUNCT
faba-267	317	5	and	and	CCONJ
faba-267	317	6	k.	k.	PROPN
faba-267	317	7	d.	d.	PROPN
faba-267	317	8	wall	wall	PROPN
faba-267	317	9	.	.	PUNCT
faba-267	318	1	1986	1986	NUM
faba-267	318	2	.	.	PUNCT
faba-267	319	1	the	the	DET
faba-267	319	2	arbitrage	arbitrage	NOUN
faba-267	319	3	pricing	pricing	NOUN
faba-267	319	4	theory	theory	NOUN
faba-267	319	5	and	and	CCONJ
faba-267	319	6	macroeconomic	macroeconomic	ADJ
faba-267	319	7	factor	factor	NOUN
faba-267	319	8	measures	measure	NOUN
faba-267	319	9	.	.	PUNCT
faba-267	320	1	financial	financial	ADJ
faba-267	320	2	review	review	NOUN
faba-267	320	3	21	21	NUM
faba-267	320	4	(	(	PUNCT
faba-267	320	5	1	1	NUM
faba-267	320	6	):	):	PUNCT
faba-267	320	7	1–20	1–20	PROPN
faba-267	320	8	.	.	PUNCT
faba-267	321	1	https://doi.org/10.1111/j.1540-6288.1986.tb01103.x	https://doi.org/10.1111/j.1540-6288.1986.tb01103.x	PROPN
faba-267	321	2	.	.	PUNCT
faba-267	321	3	chen	chen	PROPN
faba-267	321	4	,	,	PUNCT
faba-267	321	5	n.	n.	PROPN
faba-267	321	6	f.	f.	PROPN
faba-267	321	7	,	,	PUNCT
faba-267	321	8	r.	r.	PROPN
faba-267	321	9	roll	roll	PROPN
faba-267	321	10	,	,	PUNCT
faba-267	321	11	and	and	CCONJ
faba-267	321	12	s.	s.	PROPN
faba-267	321	13	a.	a.	PROPN
faba-267	321	14	ross	ross	PROPN
faba-267	321	15	.	.	PROPN
faba-267	322	1	1986	1986	NUM
faba-267	322	2	.	.	PUNCT
faba-267	323	1	economic	economic	ADJ
faba-267	323	2	forces	force	NOUN
faba-267	323	3	and	and	CCONJ
faba-267	323	4	the	the	DET
faba-267	323	5	stock	stock	NOUN
faba-267	323	6	market	market	NOUN
faba-267	323	7	.	.	PUNCT
faba-267	324	1	journal	journal	NOUN
faba-267	324	2	of	of	ADP
faba-267	324	3	business	business	NOUN
faba-267	324	4	,	,	PUNCT
faba-267	324	5	59(3	59(3	NUM
faba-267	324	6	):	):	PUNCT
faba-267	324	7	383–403	383–403	NUM
faba-267	324	8	.	.	PUNCT
faba-267	325	1	cheptoo	cheptoo	PROPN
faba-267	325	2	,	,	PUNCT
faba-267	325	3	m.	m.	NOUN
faba-267	325	4	2018	2018	NUM
faba-267	325	5	.	.	PUNCT
faba-267	326	1	the	the	DET
faba-267	326	2	relationship	relationship	NOUN
faba-267	326	3	between	between	ADP
faba-267	326	4	selected	select	VERB
faba-267	326	5	company	company	NOUN
faba-267	326	6	characteristics	characteristic	NOUN
faba-267	326	7	and	and	CCONJ
faba-267	326	8	dividend	dividend	NOUN
faba-267	326	9	payout	payout	ADJ
faba-267	326	10	ratio	ratio	NOUN
faba-267	326	11	of	of	ADP
faba-267	326	12	agricultural	agricultural	ADJ
faba-267	326	13	firms	firm	NOUN
faba-267	326	14	listed	list	VERB
faba-267	326	15	at	at	ADP
faba-267	326	16	the	the	DET
faba-267	326	17	nairobi	nairobi	PROPN
faba-267	326	18	securities	securities	PROPN
faba-267	326	19	exchange	exchange	PROPN
faba-267	326	20	.	.	PUNCT
faba-267	327	1	phd	phd	PROPN
faba-267	327	2	diss	diss	PROPN
faba-267	327	3	.	.	PROPN
faba-267	327	4	,	,	PUNCT
faba-267	327	5	university	university	PROPN
faba-267	327	6	of	of	ADP
faba-267	327	7	nairobi	nairobi	PROPN
faba-267	327	8	.	.	PUNCT
faba-267	328	1	chong	chong	PROPN
faba-267	328	2	,	,	PUNCT
faba-267	328	3	a.	a.	PROPN
faba-267	328	4	y.	y.	PROPN
faba-267	328	5	l.	l.	PROPN
faba-267	328	6	,	,	PUNCT
faba-267	328	7	k.	k.	PROPN
faba-267	328	8	b.	b.	PROPN
faba-267	328	9	ooi	ooi	PROPN
faba-267	328	10	,	,	PUNCT
faba-267	328	11	and	and	CCONJ
faba-267	328	12	a.	a.	NOUN
faba-267	328	13	sohal	sohal	NOUN
faba-267	328	14	.	.	PUNCT
faba-267	328	15	2009	2009	NUM
faba-267	328	16	.	.	PUNCT
faba-267	329	1	the	the	DET
faba-267	329	2	relationship	relationship	NOUN
faba-267	329	3	between	between	ADP
faba-267	329	4	supply	supply	NOUN
faba-267	329	5	chain	chain	NOUN
faba-267	329	6	factors	factor	NOUN
faba-267	329	7	and	and	CCONJ
faba-267	329	8	adoption	adoption	NOUN
faba-267	329	9	of	of	ADP
faba-267	329	10	e	e	NOUN
faba-267	329	11	-	-	NOUN
faba-267	329	12	collaboration	collaboration	ADJ
faba-267	329	13	tools	tool	NOUN
faba-267	329	14	:	:	PUNCT
faba-267	329	15	an	an	DET
faba-267	329	16	empirical	empirical	ADJ
faba-267	329	17	examination	examination	NOUN
faba-267	329	18	.	.	PUNCT
faba-267	330	1	international	international	ADJ
faba-267	330	2	journal	journal	PROPN
faba-267	330	3	of	of	ADP
faba-267	330	4	production	production	NOUN
faba-267	330	5	economics	economic	NOUN
faba-267	330	6	,	,	PUNCT
faba-267	330	7	122(1	122(1	NUM
faba-267	330	8	):	):	PUNCT
faba-267	330	9	150–60	150–60	PROPN
faba-267	330	10	.	.	PUNCT
faba-267	331	1	https://doi.org/10.1016/j.ijpe.2009.05.012	https://doi.org/10.1016/j.ijpe.2009.05.012	PROPN
faba-267	331	2	.	.	PROPN
faba-267	331	3	cioran	cioran	PROPN
faba-267	331	4	,	,	PUNCT
faba-267	331	5	z.	z.	PROPN
faba-267	331	6	2014	2014	NUM
faba-267	331	7	.	.	PUNCT
faba-267	332	1	monetary	monetary	ADJ
faba-267	332	2	policy	policy	NOUN
faba-267	332	3	,	,	PUNCT
faba-267	332	4	inflation	inflation	NOUN
faba-267	332	5	and	and	CCONJ
faba-267	332	6	the	the	DET
faba-267	332	7	causal	causal	NOUN
faba-267	332	8	relation	relation	NOUN
faba-267	332	9	between	between	ADP
faba-267	332	10	the	the	DET
faba-267	332	11	inflation	inflation	NOUN
faba-267	332	12	rate	rate	NOUN
faba-267	332	13	and	and	CCONJ
faba-267	332	14	some	some	PRON
faba-267	332	15	of	of	ADP
faba-267	332	16	the	the	DET
faba-267	332	17	macroeconomic	macroeconomic	ADJ
faba-267	332	18	variables	variable	NOUN
faba-267	332	19	.	.	PUNCT
faba-267	333	1	procedia	procedia	NOUN
faba-267	333	2	economics	economic	NOUN
faba-267	333	3	and	and	CCONJ
faba-267	333	4	finance	finance	NOUN
faba-267	333	5	,	,	PUNCT
faba-267	333	6	16	16	NUM
faba-267	333	7	:	:	PUNCT
faba-267	333	8	391–401	391–401	NUM
faba-267	333	9	.	.	PUNCT
faba-267	334	1	https://doi.org/10.1016/s2212-5671(14)00818-1	https://doi.org/10.1016/s2212-5671(14)00818-1	PROPN
faba-267	334	2	.	.	PUNCT
faba-267	335	1	dewasiri	dewasiri	PROPN
faba-267	335	2	,	,	PUNCT
faba-267	335	3	n.	n.	PROPN
faba-267	335	4	j.	j.	PROPN
faba-267	335	5	,	,	PUNCT
faba-267	335	6	w.	w.	PROPN
faba-267	335	7	b.	b.	PROPN
faba-267	335	8	yatiwelle	yatiwelle	PROPN
faba-267	335	9	koralalage	koralalage	PROPN
faba-267	335	10	,	,	PUNCT
faba-267	335	11	a.	a.	PROPN
faba-267	335	12	abdul	abdul	PROPN
faba-267	335	13	azeez	azeez	PROPN
faba-267	335	14	,	,	PUNCT
faba-267	335	15	p.	p.	PROPN
faba-267	335	16	g.	g.	PROPN
faba-267	335	17	s.	s.	PROPN
faba-267	335	18	a.	a.	PROPN
faba-267	335	19	jayarathne	jayarathne	PROPN
faba-267	335	20	,	,	PUNCT
faba-267	335	21	d.	d.	PROPN
faba-267	335	22	kuruppuarachchi	kuruppuarachchi	PROPN
faba-267	335	23	,	,	PUNCT
faba-267	335	24	and	and	CCONJ
faba-267	335	25	v.	v.	ADP
faba-267	335	26	a.	a.	NOUN
faba-267	335	27	weerasinghe	weerasinghe	NOUN
faba-267	335	28	.	.	PUNCT
faba-267	336	1	2019	2019	NUM
faba-267	336	2	.	.	PUNCT
faba-267	337	1	determinants	determinant	NOUN
faba-267	337	2	of	of	ADP
faba-267	337	3	dividend	dividend	NOUN
faba-267	337	4	policy	policy	NOUN
faba-267	337	5	:	:	PUNCT
faba-267	337	6	evidence	evidence	NOUN
faba-267	337	7	from	from	ADP
faba-267	337	8	an	an	DET
faba-267	337	9	emerging	emerge	VERB
faba-267	337	10	and	and	CCONJ
faba-267	337	11	developing	develop	VERB
faba-267	337	12	market	market	NOUN
faba-267	337	13	.	.	PUNCT
faba-267	338	1	managerial	managerial	ADJ
faba-267	338	2	finance	finance	NOUN
faba-267	338	3	,	,	PUNCT
faba-267	338	4	45(3	45(3	NUM
faba-267	338	5	):	):	PUNCT
faba-267	338	6	413–29	413–29	NUM
faba-267	338	7	.	.	PUNCT
faba-267	339	1	https://doi.org/10.1108/mf-092017-0331	https://doi.org/10.1108/mf-092017-0331	PROPN
faba-267	339	2	.	.	PUNCT
faba-267	340	1	dhrymes	dhryme	NOUN
faba-267	340	2	,	,	PUNCT
faba-267	340	3	p.	p.	PROPN
faba-267	340	4	j.	j.	PROPN
faba-267	340	5	,	,	PUNCT
faba-267	340	6	i.	i.	NOUN
faba-267	340	7	friend	friend	NOUN
faba-267	340	8	,	,	PUNCT
faba-267	340	9	and	and	CCONJ
faba-267	340	10	n.	n.	PROPN
faba-267	340	11	b.	b.	PROPN
faba-267	340	12	gultekin	gultekin	PROPN
faba-267	340	13	.	.	PUNCT
faba-267	341	1	1984	1984	NUM
faba-267	341	2	.	.	PUNCT
faba-267	342	1	a	a	DET
faba-267	342	2	critical	critical	ADJ
faba-267	342	3	reexamination	reexamination	NOUN
faba-267	342	4	of	of	ADP
faba-267	342	5	the	the	DET
faba-267	342	6	empirical	empirical	ADJ
faba-267	342	7	evidence	evidence	NOUN
faba-267	342	8	on	on	ADP
faba-267	342	9	the	the	DET
faba-267	342	10	arbitrage	arbitrage	NOUN
faba-267	342	11	pricing	pricing	NOUN
faba-267	342	12	theory	theory	NOUN
faba-267	342	13	.	.	PUNCT
faba-267	343	1	the	the	DET
faba-267	343	2	journal	journal	PROPN
faba-267	343	3	of	of	ADP
faba-267	343	4	finance	finance	NOUN
faba-267	343	5	,	,	PUNCT
faba-267	343	6	39(2	39(2	NUM
faba-267	343	7	):	):	PUNCT
faba-267	343	8	323–46	323–46	NUM
faba-267	343	9	.	.	PUNCT
faba-267	343	10	elamer	elamer	PROPN
faba-267	343	11	,	,	PUNCT
faba-267	343	12	a.	a.	NOUN
faba-267	343	13	a.	a.	NOUN
faba-267	343	14	,	,	PUNCT
faba-267	343	15	and	and	CCONJ
faba-267	343	16	i.	i.	PROPN
faba-267	343	17	benyazid	benyazid	PROPN
faba-267	343	18	.	.	PUNCT
faba-267	343	19	2018	2018	NUM
faba-267	343	20	.	.	PUNCT
faba-267	344	1	the	the	DET
faba-267	344	2	impact	impact	NOUN
faba-267	344	3	of	of	ADP
faba-267	344	4	risk	risk	NOUN
faba-267	344	5	committee	committee	NOUN
faba-267	344	6	on	on	ADP
faba-267	344	7	the	the	DET
faba-267	344	8	financial	financial	ADJ
faba-267	344	9	performance	performance	NOUN
faba-267	344	10	of	of	ADP
faba-267	344	11	uk	uk	PROPN
faba-267	344	12	financial	financial	ADJ
faba-267	344	13	institutions	institution	NOUN
faba-267	344	14	.	.	PUNCT
faba-267	345	1	international	international	ADJ
faba-267	345	2	journal	journal	PROPN
faba-267	345	3	of	of	ADP
faba-267	345	4	accounting	accounting	NOUN
faba-267	345	5	and	and	CCONJ
faba-267	345	6	finance	finance	NOUN
faba-267	345	7	,	,	PUNCT
faba-267	345	8	8(2	8(2	NUM
faba-267	345	9	):	):	PUNCT
faba-267	345	10	161–80	161–80	NUM
faba-267	345	11	.	.	PUNCT
faba-267	346	1	https://doi.org/10.1504/ijaf.2018.10014470	https://doi.org/10.1504/ijaf.2018.10014470	PROPN
faba-267	346	2	.	.	PROPN
faba-267	346	3	enyan	enyan	PROPN
faba-267	346	4	,	,	PUNCT
faba-267	346	5	e.	e.	PROPN
faba-267	346	6	k.	k.	PROPN
faba-267	346	7	2009	2009	NUM
faba-267	346	8	.	.	PUNCT
faba-267	347	1	determinants	determinant	NOUN
faba-267	347	2	of	of	ADP
faba-267	347	3	dividend	dividend	NOUN
faba-267	347	4	payout	payout	NOUN
faba-267	347	5	ratio	ratio	NOUN
faba-267	347	6	of	of	ADP
faba-267	347	7	firms	firm	NOUN
faba-267	347	8	listed	list	VERB
faba-267	347	9	on	on	ADP
faba-267	347	10	the	the	DET
faba-267	347	11	ghana	ghana	PROPN
faba-267	347	12	stock	stock	PROPN
faba-267	347	13	exchange	exchange	PROPN
faba-267	347	14	.	.	PUNCT
faba-267	348	1	phd	phd	PROPN
faba-267	348	2	diss	diss	PROPN
faba-267	348	3	.	.	PROPN
faba-267	348	4	,	,	PUNCT
faba-267	348	5	university	university	PROPN
faba-267	348	6	of	of	ADP
faba-267	348	7	cape	cape	PROPN
faba-267	348	8	coast	coast	PROPN
faba-267	348	9	.	.	PUNCT
faba-267	349	1	frankel	frankel	PROPN
faba-267	349	2	,	,	PUNCT
faba-267	349	3	j.	j.	PROPN
faba-267	349	4	a.	a.	PROPN
faba-267	349	5	1999	1999	NUM
faba-267	349	6	.	.	PUNCT
faba-267	350	1	no	no	DET
faba-267	350	2	single	single	ADJ
faba-267	350	3	currency	currency	NOUN
faba-267	350	4	regime	regime	NOUN
faba-267	350	5	is	be	AUX
faba-267	350	6	right	right	ADJ
faba-267	350	7	for	for	ADP
faba-267	350	8	all	all	DET
faba-267	350	9	countries	country	NOUN
faba-267	350	10	or	or	CCONJ
faba-267	350	11	at	at	ADP
faba-267	350	12	all	all	DET
faba-267	350	13	times	time	NOUN
faba-267	350	14	.	.	PUNCT
faba-267	351	1	essays	essay	NOUN
faba-267	351	2	in	in	ADP
faba-267	351	3	international	international	ADJ
faba-267	351	4	finance	finance	NOUN
faba-267	351	5	,	,	PUNCT
faba-267	351	6	215	215	NUM
faba-267	351	7	.	.	PUNCT
faba-267	352	1	frankfurter	frankfurter	PROPN
faba-267	352	2	,	,	PUNCT
faba-267	352	3	g.	g.	PROPN
faba-267	352	4	m.	m.	PROPN
faba-267	352	5	,	,	PUNCT
faba-267	352	6	and	and	CCONJ
faba-267	352	7	b.	b.	PROPN
faba-267	352	8	g.	g.	PROPN
faba-267	352	9	wood	wood	PROPN
faba-267	352	10	jr	jr	PROPN
faba-267	352	11	.	.	PROPN
faba-267	352	12	2002	2002	NUM
faba-267	352	13	.	.	PUNCT
faba-267	353	1	dividend	dividend	NOUN
faba-267	353	2	policy	policy	NOUN
faba-267	353	3	theories	theory	NOUN
faba-267	353	4	and	and	CCONJ
faba-267	353	5	their	their	PRON
faba-267	353	6	empirical	empirical	ADJ
faba-267	353	7	tests	test	NOUN
faba-267	353	8	.	.	PUNCT
faba-267	354	1	international	international	ADJ
faba-267	354	2	review	review	NOUN
faba-267	354	3	of	of	ADP
faba-267	354	4	financial	financial	ADJ
faba-267	354	5	analysis	analysis	NOUN
faba-267	354	6	,	,	PUNCT
faba-267	354	7	11(2	11(2	NUM
faba-267	354	8	):	):	PUNCT
faba-267	354	9	111–38	111–38	NUM
faba-267	354	10	.	.	PUNCT
faba-267	355	1	https://doi.org/10.1016/s10575219(02)00071-6	https://doi.org/10.1016/s10575219(02)00071-6	NOUN
faba-267	355	2	.	.	PUNCT
faba-267	356	1	fredrick	fredrick	PROPN
faba-267	356	2	,	,	PUNCT
faba-267	356	3	w.	w.	PROPN
faba-267	356	4	o.	o.	PROPN
faba-267	356	5	2021	2021	NUM
faba-267	356	6	.	.	PUNCT
faba-267	357	1	macroeconomic	macroeconomic	ADJ
faba-267	357	2	variables	variable	NOUN
faba-267	357	3	and	and	CCONJ
faba-267	357	4	performance	performance	NOUN
faba-267	357	5	of	of	ADP
faba-267	357	6	stock	stock	NOUN
faba-267	357	7	prices	price	NOUN
faba-267	357	8	of	of	ADP
faba-267	357	9	companies	company	NOUN
faba-267	357	10	listed	list	VERB
faba-267	357	11	at	at	ADP
faba-267	357	12	nairobi	nairobi	PROPN
faba-267	357	13	securities	securities	PROPN
faba-267	357	14	exchange	exchange	PROPN
faba-267	357	15	,	,	PUNCT
faba-267	357	16	kenya	kenya	PROPN
faba-267	357	17	.	.	PUNCT
faba-267	358	1	journal	journal	PROPN
faba-267	358	2	of	of	ADP
faba-267	358	3	finance	finance	NOUN
faba-267	358	4	and	and	CCONJ
faba-267	358	5	investment	investment	NOUN
faba-267	358	6	analysis	analysis	NOUN
faba-267	358	7	,	,	PUNCT
faba-267	358	8	10(3	10(3	NUM
faba-267	358	9	):	):	PUNCT
faba-267	358	10	87–101	87–101	PROPN
faba-267	358	11	.	.	PUNCT
faba-267	359	1	friedman	friedman	PROPN
faba-267	359	2	,	,	PUNCT
faba-267	359	3	m.	m.	NOUN
faba-267	359	4	,	,	PUNCT
faba-267	359	5	and	and	CCONJ
faba-267	359	6	a.	a.	PROPN
faba-267	359	7	j.	j.	PROPN
faba-267	359	8	schwartz	schwartz	PROPN
faba-267	359	9	.	.	PUNCT
faba-267	359	10	2008	2008	NUM
faba-267	359	11	.	.	PUNCT
faba-267	360	1	a	a	DET
faba-267	360	2	monetary	monetary	ADJ
faba-267	360	3	history	history	NOUN
faba-267	360	4	of	of	ADP
faba-267	360	5	the	the	DET
faba-267	360	6	united	united	PROPN
faba-267	360	7	states	states	PROPN
faba-267	360	8	,	,	PUNCT
faba-267	360	9	1867–1960	1867–1960	NUM
faba-267	360	10	.	.	PUNCT
faba-267	361	1	princeton	princeton	PROPN
faba-267	361	2	,	,	PUNCT
faba-267	361	3	nj	nj	PROPN
faba-267	361	4	:	:	PUNCT
faba-267	361	5	princeton	princeton	PROPN
faba-267	361	6	university	university	PROPN
faba-267	361	7	press	press	NOUN
faba-267	361	8	.	.	PUNCT
faba-267	362	1	ghafoor	ghafoor	PROPN
faba-267	362	2	,	,	PUNCT
faba-267	362	3	a.	a.	PROPN
faba-267	362	4	,	,	PUNCT
faba-267	362	5	m.	m.	PROPN
faba-267	362	6	a.	a.	PROPN
faba-267	362	7	khan	khan	PROPN
faba-267	362	8	,	,	PUNCT
faba-267	362	9	s.	s.	PROPN
faba-267	362	10	a.	a.	PROPN
faba-267	362	11	shah	shah	PROPN
faba-267	362	12	,	,	PUNCT
faba-267	362	13	and	and	CCONJ
faba-267	362	14	h.	h.	PROPN
faba-267	362	15	h.	h.	PROPN
faba-267	362	16	khan	khan	PROPN
faba-267	362	17	.	.	PUNCT
faba-267	363	1	2014	2014	NUM
faba-267	363	2	.	.	PUNCT
faba-267	364	1	inflation	inflation	NOUN
faba-267	364	2	and	and	CCONJ
faba-267	364	3	dividend	dividend	NOUN
faba-267	364	4	behaviour	behaviour	NOUN
faba-267	364	5	of	of	ADP
faba-267	364	6	pakistani	pakistani	ADJ
faba-267	364	7	firms	firm	NOUN
faba-267	364	8	:	:	PUNCT
faba-267	364	9	an	an	DET
faba-267	364	10	empirical	empirical	ADJ
faba-267	364	11	investigation	investigation	NOUN
faba-267	364	12	using	use	VERB
faba-267	364	13	ardl	ardl	NOUN
faba-267	364	14	.	.	PUNCT
faba-267	365	1	international	international	ADJ
faba-267	365	2	journal	journal	PROPN
faba-267	365	3	of	of	ADP
faba-267	365	4	business	business	NOUN
faba-267	365	5	and	and	CCONJ
faba-267	365	6	management	management	NOUN
faba-267	365	7	,	,	PUNCT
faba-267	365	8	9(9	9(9	NUM
faba-267	365	9	):	):	PUNCT
faba-267	365	10	86	86	NUM
faba-267	365	11	.	.	PUNCT
faba-267	366	1	https://doi.org/10.5539/ijbm.v9n9p86	https://doi.org/10.5539/ijbm.v9n9p86	PROPN
faba-267	366	2	.	.	PROPN
faba-267	366	3	gordon	gordon	PROPN
faba-267	366	4	,	,	PUNCT
faba-267	366	5	m.	m.	NOUN
faba-267	366	6	j.	j.	PROPN
faba-267	366	7	1963	1963	NUM
faba-267	366	8	.	.	PUNCT
faba-267	367	1	optimal	optimal	ADJ
faba-267	367	2	investment	investment	NOUN
faba-267	367	3	and	and	CCONJ
faba-267	367	4	financing	financing	NOUN
faba-267	367	5	policy	policy	NOUN
faba-267	367	6	.	.	PUNCT
faba-267	368	1	the	the	DET
faba-267	368	2	journal	journal	PROPN
faba-267	368	3	of	of	ADP
faba-267	368	4	finance	finance	NOUN
faba-267	368	5	,	,	PUNCT
faba-267	368	6	18(2	18(2	NUM
faba-267	368	7	):	):	PUNCT
faba-267	368	8	264–72	264–72	NUM
faba-267	368	9	.	.	PUNCT
faba-267	369	1	https://doi.org/10.2307/2977907	https://doi.org/10.2307/2977907	X
faba-267	369	2	.	.	PUNCT
faba-267	370	1	gordon	gordon	PROPN
faba-267	370	2	,	,	PUNCT
faba-267	370	3	m.	m.	NOUN
faba-267	370	4	j.	j.	PROPN
faba-267	370	5	,	,	PUNCT
faba-267	370	6	and	and	CCONJ
faba-267	370	7	e.	e.	PROPN
faba-267	370	8	shapiro	shapiro	PROPN
faba-267	370	9	.	.	PUNCT
faba-267	371	1	1956	1956	NUM
faba-267	371	2	.	.	PUNCT
faba-267	372	1	capital	capital	NOUN
faba-267	372	2	equipment	equipment	NOUN
faba-267	372	3	analysis	analysis	NOUN
faba-267	372	4	:	:	PUNCT
faba-267	372	5	the	the	DET
faba-267	372	6	required	require	VERB
faba-267	372	7	rate	rate	NOUN
faba-267	372	8	of	of	ADP
faba-267	372	9	profit	profit	NOUN
faba-267	372	10	.	.	PUNCT
faba-267	373	1	management	management	NOUN
faba-267	373	2	science	science	NOUN
faba-267	373	3	,	,	PUNCT
faba-267	373	4	3(1	3(1	NUM
faba-267	373	5	):	):	PUNCT
faba-267	373	6	102–10	102–10	NUM
faba-267	373	7	.	.	PUNCT
faba-267	373	8	https://doi.org/10.2307/1927792	https://doi.org/10.2307/1927792	NOUN
faba-267	373	9	.	.	PUNCT
faba-267	374	1	https://doi.org/10.1108/09675421111130612	https://doi.org/10.1108/09675421111130612	NOUN
faba-267	375	1	https://doi.org/10.1080/23322039.2022.2127220	https://doi.org/10.1080/23322039.2022.2127220	NOUN
faba-267	375	2	https://doi.org/10.1108/meq-12-2017-0149	https://doi.org/10.1108/meq-12-2017-0149	ADV
faba-267	375	3	https://doi.org/10.1111/j.1540-6288.1986.tb01103.x	https://doi.org/10.1111/j.1540-6288.1986.tb01103.x	PROPN
faba-267	375	4	https://doi.org/10.1016/j.ijpe.2009.05.012	https://doi.org/10.1016/j.ijpe.2009.05.012	NOUN
faba-267	375	5	https://doi.org/10.1016/s2212-5671(14)00818-1	https://doi.org/10.1016/s2212-5671(14)00818-1	PROPN
faba-267	375	6	https://doi.org/10.1108/mf-09-2017-0331	https://doi.org/10.1108/mf-09-2017-0331	NOUN
faba-267	375	7	https://doi.org/10.1108/mf-09-2017-0331	https://doi.org/10.1108/mf-09-2017-0331	NOUN
faba-267	376	1	https://doi.org/10.1504/ijaf.2018.10014470	https://doi.org/10.1504/ijaf.2018.10014470	PROPN
faba-267	376	2	https://doi.org/10.1016/s1057-5219(02)00071-6	https://doi.org/10.1016/s1057-5219(02)00071-6	NOUN
faba-267	376	3	https://doi.org/10.1016/s1057-5219(02)00071-6	https://doi.org/10.1016/s1057-5219(02)00071-6	NOUN
faba-267	376	4	https://doi.org/10.5539/ijbm.v9n9p86	https://doi.org/10.5539/ijbm.v9n9p86	NOUN
faba-267	376	5	https://doi.org/10.2307/2977907	https://doi.org/10.2307/2977907	NOUN
faba-267	376	6	https://doi.org/10.2307/1927792	https://doi.org/10.2307/1927792	NOUN
faba-267	376	7	doffour	doffour	VERB
faba-267	376	8	,	,	PUNCT
faba-267	376	9	asamoah	asamoah	NOUN
faba-267	376	10	,	,	PUNCT
faba-267	376	11	anim	anim	NOUN
faba-267	376	12	,	,	PUNCT
faba-267	376	13	agyenim	agyenim	NOUN
faba-267	376	14	-	-	PUNCT
faba-267	376	15	boateng	boateng	NOUN
faba-267	376	16	/	/	SYM
faba-267	376	17	finance	finance	NOUN
faba-267	376	18	,	,	PUNCT
faba-267	376	19	accounting	accounting	NOUN
faba-267	376	20	and	and	CCONJ
faba-267	376	21	business	business	NOUN
faba-267	376	22	analysis	analysis	NOUN
faba-267	376	23	,	,	PUNCT
faba-267	376	24	volume	volume	NOUN
faba-267	376	25	7	7	NUM
faba-267	376	26	,	,	PUNCT
faba-267	376	27	issue1	issue1	ADV
faba-267	376	28	,	,	PUNCT
faba-267	376	29	2025	2025	NUM
faba-267	376	30	132	132	NUM
faba-267	376	31	haider	haider	NOUN
faba-267	376	32	,	,	PUNCT
faba-267	376	33	j.	j.	PROPN
faba-267	376	34	,	,	PUNCT
faba-267	376	35	a.	a.	PROPN
faba-267	376	36	ali	ali	PROPN
faba-267	376	37	,	,	PUNCT
faba-267	376	38	and	and	CCONJ
faba-267	376	39	t.	t.	PROPN
faba-267	376	40	sadiq	sadiq	PROPN
faba-267	376	41	.	.	PROPN
faba-267	376	42	2012	2012	NUM
faba-267	376	43	.	.	PUNCT
faba-267	377	1	earning	earn	VERB
faba-267	377	2	management	management	NOUN
faba-267	377	3	and	and	CCONJ
faba-267	377	4	dividend	dividend	NOUN
faba-267	377	5	policy	policy	NOUN
faba-267	377	6	:	:	PUNCT
faba-267	377	7	empirical	empirical	ADJ
faba-267	377	8	evidence	evidence	NOUN
faba-267	377	9	from	from	ADP
faba-267	377	10	pakistani	pakistani	ADJ
faba-267	377	11	listed	list	VERB
faba-267	377	12	companies	company	NOUN
faba-267	377	13	.	.	PUNCT
faba-267	378	1	european	european	PROPN
faba-267	378	2	journal	journal	PROPN
faba-267	378	3	of	of	ADP
faba-267	378	4	business	business	NOUN
faba-267	378	5	and	and	CCONJ
faba-267	378	6	management	management	NOUN
faba-267	378	7	,	,	PUNCT
faba-267	378	8	4(1	4(1	NOUN
faba-267	378	9	):	):	PUNCT
faba-267	378	10	83–90	83–90	NUM
faba-267	378	11	.	.	PUNCT
faba-267	379	1	issahaku	issahaku	PROPN
faba-267	379	2	,	,	PUNCT
faba-267	379	3	h.	h.	PROPN
faba-267	379	4	,	,	PUNCT
faba-267	379	5	y.	y.	PROPN
faba-267	379	6	ustarz	ustarz	PROPN
faba-267	379	7	,	,	PUNCT
faba-267	379	8	and	and	CCONJ
faba-267	379	9	p.	p.	PROPN
faba-267	379	10	b.	b.	PROPN
faba-267	380	1	domanban	domanban	PROPN
faba-267	380	2	.	.	PUNCT
faba-267	381	1	2013	2013	NUM
faba-267	381	2	.	.	PUNCT
faba-267	382	1	macroeconomic	macroeconomic	ADJ
faba-267	382	2	variables	variable	NOUN
faba-267	382	3	and	and	CCONJ
faba-267	382	4	stock	stock	NOUN
faba-267	382	5	market	market	NOUN
faba-267	382	6	returns	return	NOUN
faba-267	382	7	in	in	ADP
faba-267	382	8	ghana	ghana	PROPN
faba-267	382	9	:	:	PUNCT
faba-267	382	10	any	any	DET
faba-267	382	11	causal	causal	ADJ
faba-267	382	12	link	link	NOUN
faba-267	382	13	?	?	PUNCT
faba-267	383	1	asian	asian	ADJ
faba-267	383	2	economic	economic	ADJ
faba-267	383	3	and	and	CCONJ
faba-267	383	4	financial	financial	ADJ
faba-267	383	5	review	review	NOUN
faba-267	383	6	,	,	PUNCT
faba-267	383	7	3(8	3(8	NUM
faba-267	383	8	):	):	PUNCT
faba-267	383	9	1044–62	1044–62	NUM
faba-267	383	10	.	.	PUNCT
faba-267	384	1	jan	jan	PROPN
faba-267	384	2	,	,	PUNCT
faba-267	384	3	a.	a.	NOUN
faba-267	384	4	,	,	PUNCT
faba-267	384	5	m.	m.	NOUN
faba-267	384	6	marimuthu	marimuthu	PROPN
faba-267	384	7	,	,	PUNCT
faba-267	384	8	r.	r.	PROPN
faba-267	384	9	hassan	hassan	PROPN
faba-267	384	10	,	,	PUNCT
faba-267	384	11	and	and	CCONJ
faba-267	384	12	mehreen	mehreen	NOUN
faba-267	384	13	.	.	PUNCT
faba-267	385	1	2019	2019	NUM
faba-267	385	2	.	.	PUNCT
faba-267	386	1	sustainable	sustainable	ADJ
faba-267	386	2	business	business	NOUN
faba-267	386	3	practices	practice	NOUN
faba-267	386	4	and	and	CCONJ
faba-267	386	5	firm	firm	NOUN
faba-267	386	6	’s	’s	PART
faba-267	386	7	financial	financial	ADJ
faba-267	386	8	performance	performance	NOUN
faba-267	386	9	in	in	ADP
faba-267	386	10	islamic	islamic	ADJ
faba-267	386	11	banking	banking	NOUN
faba-267	386	12	:	:	PUNCT
faba-267	386	13	under	under	ADP
faba-267	386	14	the	the	DET
faba-267	386	15	moderating	moderate	VERB
faba-267	386	16	role	role	NOUN
faba-267	386	17	of	of	ADP
faba-267	386	18	islamic	islamic	ADJ
faba-267	386	19	corporate	corporate	ADJ
faba-267	386	20	governance	governance	NOUN
faba-267	386	21	.	.	PUNCT
faba-267	387	1	sustainability	sustainability	NOUN
faba-267	387	2	,	,	PUNCT
faba-267	387	3	11	11	NUM
faba-267	387	4	:	:	PUNCT
faba-267	387	5	1–25	1–25	X
faba-267	387	6	.	.	PUNCT
faba-267	388	1	https://doi.org/10.3390/su11236606	https://doi.org/10.3390/su11236606	PROPN
faba-267	388	2	.	.	PUNCT
faba-267	389	1	jensen	jensen	PROPN
faba-267	389	2	,	,	PUNCT
faba-267	389	3	m.	m.	PROPN
faba-267	389	4	c.	c.	PROPN
faba-267	389	5	,	,	PUNCT
faba-267	389	6	and	and	CCONJ
faba-267	389	7	w.	w.	PROPN
faba-267	389	8	h.	h.	PROPN
faba-267	389	9	meckling	meckling	PROPN
faba-267	389	10	.	.	PUNCT
faba-267	390	1	1976	1976	NUM
faba-267	390	2	.	.	PUNCT
faba-267	391	1	theory	theory	NOUN
faba-267	391	2	of	of	ADP
faba-267	391	3	the	the	DET
faba-267	391	4	firm	firm	NOUN
faba-267	391	5	:	:	PUNCT
faba-267	391	6	managerial	managerial	ADJ
faba-267	391	7	behaviour	behaviour	NOUN
faba-267	391	8	,	,	PUNCT
faba-267	391	9	agency	agency	NOUN
faba-267	391	10	costs	cost	NOUN
faba-267	391	11	and	and	CCONJ
faba-267	391	12	ownership	ownership	NOUN
faba-267	391	13	structure	structure	NOUN
faba-267	391	14	.	.	PUNCT
faba-267	392	1	journal	journal	NOUN
faba-267	392	2	of	of	ADP
faba-267	392	3	financial	financial	ADJ
faba-267	392	4	economics	economic	NOUN
faba-267	392	5	,	,	PUNCT
faba-267	392	6	3(4	3(4	NUM
faba-267	392	7	):	):	PUNCT
faba-267	392	8	305–60	305–60	NUM
faba-267	392	9	.	.	PUNCT
faba-267	393	1	jogiyanto	jogiyanto	PROPN
faba-267	393	2	,	,	PUNCT
faba-267	393	3	h.	h.	PROPN
faba-267	393	4	2013	2013	NUM
faba-267	393	5	.	.	PUNCT
faba-267	394	1	portfolio	portfolio	NOUN
faba-267	394	2	theory	theory	NOUN
faba-267	394	3	and	and	CCONJ
faba-267	394	4	investment	investment	NOUN
faba-267	394	5	analysis	analysis	NOUN
faba-267	394	6	.	.	PUNCT
faba-267	395	1	yogyakarta	yogyakarta	PROPN
faba-267	395	2	:	:	PUNCT
faba-267	396	1	bpfe	bpfe	ADJ
faba-267	396	2	.	.	PUNCT
faba-267	397	1	kaimba	kaimba	PROPN
faba-267	397	2	,	,	PUNCT
faba-267	397	3	i.	i.	PROPN
faba-267	397	4	k.	k.	PROPN
faba-267	397	5	2010	2010	NUM
faba-267	397	6	.	.	PUNCT
faba-267	398	1	relationship	relationship	NOUN
faba-267	398	2	between	between	ADP
faba-267	398	3	nairobi	nairobi	PROPN
faba-267	398	4	stock	stock	PROPN
faba-267	398	5	exchange	exchange	PROPN
faba-267	398	6	20	20	NUM
faba-267	398	7	share	share	NOUN
faba-267	398	8	index	index	NOUN
faba-267	398	9	and	and	CCONJ
faba-267	398	10	selected	select	VERB
faba-267	398	11	macroeconomic	macroeconomic	ADJ
faba-267	398	12	variables	variable	NOUN
faba-267	398	13	.	.	PUNCT
faba-267	399	1	phd	phd	PROPN
faba-267	399	2	diss	diss	PROPN
faba-267	399	3	.	.	PROPN
faba-267	399	4	,	,	PUNCT
faba-267	399	5	university	university	PROPN
faba-267	399	6	of	of	ADP
faba-267	399	7	nairobi	nairobi	PROPN
faba-267	399	8	,	,	PUNCT
faba-267	399	9	kenya	kenya	PROPN
faba-267	399	10	.	.	PUNCT
faba-267	400	1	kanwal	kanwal	PROPN
faba-267	400	2	,	,	PUNCT
faba-267	400	3	s.	s.	PROPN
faba-267	400	4	,	,	PUNCT
faba-267	400	5	and	and	CCONJ
faba-267	400	6	m.	m.	NOUN
faba-267	400	7	nadeem	nadeem	PROPN
faba-267	400	8	.	.	PUNCT
faba-267	401	1	2013	2013	NUM
faba-267	401	2	.	.	PUNCT
faba-267	402	1	the	the	DET
faba-267	402	2	impact	impact	NOUN
faba-267	402	3	of	of	ADP
faba-267	402	4	macroeconomic	macroeconomic	ADJ
faba-267	402	5	variables	variable	NOUN
faba-267	402	6	on	on	ADP
faba-267	402	7	the	the	DET
faba-267	402	8	profitability	profitability	NOUN
faba-267	402	9	of	of	ADP
faba-267	402	10	listed	list	VERB
faba-267	402	11	commercial	commercial	ADJ
faba-267	402	12	banks	bank	NOUN
faba-267	402	13	in	in	ADP
faba-267	402	14	pakistan	pakistan	PROPN
faba-267	402	15	.	.	PUNCT
faba-267	403	1	european	european	PROPN
faba-267	403	2	journal	journal	PROPN
faba-267	403	3	of	of	ADP
faba-267	403	4	business	business	NOUN
faba-267	403	5	and	and	CCONJ
faba-267	403	6	social	social	ADJ
faba-267	403	7	sciences	science	NOUN
faba-267	403	8	,	,	PUNCT
faba-267	403	9	2(9	2(9	NUM
faba-267	403	10	):	):	PUNCT
faba-267	403	11	186–201	186–201	NUM
faba-267	403	12	.	.	PUNCT
faba-267	404	1	kauffman	kauffman	PROPN
faba-267	404	2	,	,	PUNCT
faba-267	404	3	d.	d.	PROPN
faba-267	404	4	,	,	PUNCT
faba-267	404	5	t.	t.	PROPN
faba-267	404	6	koller	koller	PROPN
faba-267	404	7	,	,	PUNCT
faba-267	404	8	m.	m.	NOUN
faba-267	404	9	krishnan	krishnan	PROPN
faba-267	404	10	,	,	PUNCT
faba-267	404	11	and	and	CCONJ
faba-267	404	12	s.	s.	PROPN
faba-267	404	13	lund	lund	PROPN
faba-267	404	14	.	.	PROPN
faba-267	404	15	2016	2016	NUM
faba-267	404	16	.	.	PUNCT
faba-267	405	1	look	look	VERB
faba-267	405	2	out	out	ADV
faba-267	405	3	below	below	ADV
faba-267	405	4	:	:	PUNCT
faba-267	405	5	why	why	SCONJ
faba-267	405	6	returns	return	NOUN
faba-267	405	7	are	be	AUX
faba-267	405	8	headed	head	VERB
faba-267	405	9	lower	lower	ADV
faba-267	405	10	,	,	PUNCT
faba-267	405	11	and	and	CCONJ
faba-267	405	12	what	what	PRON
faba-267	405	13	to	to	PART
faba-267	405	14	do	do	VERB
faba-267	405	15	about	about	ADP
faba-267	405	16	it	it	PRON
faba-267	405	17	.	.	PUNCT
faba-267	406	1	mckinsey	mckinsey	NOUN
faba-267	406	2	&	&	CCONJ
faba-267	406	3	company	company	PROPN
faba-267	406	4	.	.	PUNCT
faba-267	406	5	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-whyreturns-are-headed-lower-and-what-to-do-about-it	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-whyreturns-are-headed-lower-and-what-to-do-about-it	PROPN
faba-267	406	6	.	.	PUNCT
faba-267	407	1	kaźmierska	kaźmierska	PROPN
faba-267	407	2	-	-	PUNCT
faba-267	407	3	jóźwiak	jóźwiak	PROPN
faba-267	407	4	,	,	PUNCT
faba-267	407	5	b.	b.	PROPN
faba-267	407	6	2015	2015	NUM
faba-267	407	7	.	.	PUNCT
faba-267	408	1	determinants	determinant	NOUN
faba-267	408	2	of	of	ADP
faba-267	408	3	dividend	dividend	NOUN
faba-267	408	4	policy	policy	NOUN
faba-267	408	5	:	:	PUNCT
faba-267	408	6	evidence	evidence	NOUN
faba-267	408	7	from	from	ADP
faba-267	408	8	polish	polish	ADJ
faba-267	408	9	listed	list	VERB
faba-267	408	10	companies	company	NOUN
faba-267	408	11	.	.	PUNCT
faba-267	409	1	procedia	procedia	ADJ
faba-267	409	2	economics	economic	NOUN
faba-267	409	3	and	and	CCONJ
faba-267	409	4	finance	finance	NOUN
faba-267	409	5	,	,	PUNCT
faba-267	409	6	23	23	NUM
faba-267	409	7	:	:	PUNCT
faba-267	409	8	473–77	473–77	NUM
faba-267	409	9	.	.	PUNCT
faba-267	410	1	https://doi.org/10.1016/s2212-5671(15)00490-6	https://doi.org/10.1016/s2212-5671(15)00490-6	PROPN
faba-267	410	2	.	.	PUNCT
faba-267	411	1	khan	khan	PROPN
faba-267	411	2	,	,	PUNCT
faba-267	411	3	f.	f.	PROPN
faba-267	411	4	,	,	PUNCT
faba-267	411	5	a.	a.	PROPN
faba-267	411	6	ullah	ullah	PROPN
faba-267	411	7	,	,	PUNCT
faba-267	411	8	m.	m.	NOUN
faba-267	411	9	a.	a.	PROPN
faba-267	411	10	ali	ali	PROPN
faba-267	411	11	,	,	PUNCT
faba-267	411	12	and	and	CCONJ
faba-267	411	13	m.	m.	PROPN
faba-267	411	14	i.	i.	PROPN
faba-267	411	15	khan	khan	PROPN
faba-267	411	16	.	.	PUNCT
faba-267	412	1	2018	2018	NUM
faba-267	412	2	.	.	PUNCT
faba-267	413	1	the	the	DET
faba-267	413	2	relationship	relationship	NOUN
faba-267	413	3	between	between	ADP
faba-267	413	4	macroeconomic	macroeconomic	ADJ
faba-267	413	5	variables	variable	NOUN
faba-267	413	6	and	and	CCONJ
faba-267	413	7	the	the	DET
faba-267	413	8	dividend	dividend	NOUN
faba-267	413	9	payout	payout	NOUN
faba-267	413	10	ratio	ratio	NOUN
faba-267	413	11	of	of	ADP
faba-267	413	12	the	the	DET
faba-267	413	13	textile	textile	NOUN
faba-267	413	14	sector	sector	NOUN
faba-267	413	15	listed	list	VERB
faba-267	413	16	on	on	ADP
faba-267	413	17	the	the	DET
faba-267	413	18	pakistan	pakistan	PROPN
faba-267	413	19	stock	stock	NOUN
faba-267	413	20	market	market	NOUN
faba-267	413	21	.	.	PUNCT
faba-267	414	1	sarhad	sarhad	ADJ
faba-267	414	2	journal	journal	PROPN
faba-267	414	3	of	of	ADP
faba-267	414	4	management	management	NOUN
faba-267	414	5	sciences	science	NOUN
faba-267	414	6	,	,	PUNCT
faba-267	414	7	4(1	4(1	NOUN
faba-267	414	8	):	):	PUNCT
faba-267	414	9	111–21	111–21	NUM
faba-267	414	10	.	.	PUNCT
faba-267	415	1	kolavalli	kolavalli	PROPN
faba-267	415	2	,	,	PUNCT
faba-267	415	3	s.	s.	PROPN
faba-267	415	4	,	,	PUNCT
faba-267	415	5	x.	x.	PROPN
faba-267	415	6	diao	diao	PROPN
faba-267	415	7	,	,	PUNCT
faba-267	415	8	r.	r.	PROPN
faba-267	415	9	folledo	folledo	PROPN
faba-267	415	10	,	,	PUNCT
faba-267	415	11	g.	g.	PROPN
faba-267	415	12	ngeleza	ngeleza	PROPN
faba-267	415	13	,	,	PUNCT
faba-267	415	14	e.	e.	PROPN
faba-267	415	15	robinson	robinson	PROPN
faba-267	415	16	,	,	PUNCT
faba-267	415	17	v.	v.	PROPN
faba-267	415	18	alpuerto	alpuerto	PROPN
faba-267	415	19	,	,	PUNCT
faba-267	415	20	r.	r.	PROPN
faba-267	415	21	folledo	folledo	PROPN
faba-267	415	22	,	,	PUNCT
faba-267	415	23	m.	m.	PROPN
faba-267	415	24	slavova	slavova	PROPN
faba-267	415	25	,	,	PUNCT
faba-267	415	26	k.	k.	PROPN
faba-267	415	27	ngeleza	ngeleza	PROPN
faba-267	415	28	,	,	PUNCT
faba-267	415	29	and	and	CCONJ
faba-267	415	30	f.	f.	PROPN
faba-267	415	31	asante	asante	PROPN
faba-267	415	32	.	.	PUNCT
faba-267	416	1	2012	2012	NUM
faba-267	416	2	.	.	PUNCT
faba-267	417	1	economic	economic	ADJ
faba-267	417	2	transformation	transformation	NOUN
faba-267	417	3	in	in	ADP
faba-267	417	4	ghana	ghana	PROPN
faba-267	417	5	:	:	PUNCT
faba-267	417	6	where	where	SCONJ
faba-267	417	7	will	will	AUX
faba-267	417	8	the	the	DET
faba-267	417	9	path	path	NOUN
faba-267	417	10	lead	lead	VERB
faba-267	417	11	?	?	PUNCT
faba-267	418	1	journal	journal	NOUN
faba-267	418	2	of	of	ADP
faba-267	418	3	african	african	ADJ
faba-267	418	4	development	development	NOUN
faba-267	418	5	,	,	PUNCT
faba-267	418	6	14(2	14(2	NUM
faba-267	418	7	):	):	PUNCT
faba-267	418	8	41–78	41–78	NUM
faba-267	418	9	.	.	PUNCT
faba-267	419	1	kolm	kolm	NOUN
faba-267	419	2	,	,	PUNCT
faba-267	419	3	p.	p.	PROPN
faba-267	419	4	n.	n.	PROPN
faba-267	419	5	,	,	PUNCT
faba-267	419	6	r.	r.	PROPN
faba-267	419	7	tütüncü	tütüncü	PROPN
faba-267	419	8	,	,	PUNCT
faba-267	419	9	and	and	CCONJ
faba-267	419	10	f.	f.	PROPN
faba-267	419	11	j.	j.	PROPN
faba-267	419	12	fabozzi	fabozzi	PROPN
faba-267	419	13	.	.	PUNCT
faba-267	420	1	2014	2014	NUM
faba-267	420	2	.	.	PUNCT
faba-267	421	1	60	60	NUM
faba-267	421	2	years	year	NOUN
faba-267	421	3	of	of	ADP
faba-267	421	4	portfolio	portfolio	NOUN
faba-267	421	5	optimisation	optimisation	NOUN
faba-267	421	6	:	:	PUNCT
faba-267	421	7	practical	practical	ADJ
faba-267	421	8	challenges	challenge	NOUN
faba-267	421	9	and	and	CCONJ
faba-267	421	10	current	current	ADJ
faba-267	421	11	trends	trend	NOUN
faba-267	421	12	.	.	PUNCT
faba-267	422	1	european	european	ADJ
faba-267	422	2	journal	journal	PROPN
faba-267	422	3	of	of	ADP
faba-267	422	4	operational	operational	ADJ
faba-267	422	5	research	research	NOUN
faba-267	422	6	,	,	PUNCT
faba-267	422	7	234(2	234(2	NUM
faba-267	422	8	):	):	PUNCT
faba-267	422	9	356–71	356–71	NUM
faba-267	422	10	.	.	PUNCT
faba-267	423	1	https://doi.org/10.1016/j.ejor.2013.10.060	https://doi.org/10.1016/j.ejor.2013.10.060	PROPN
faba-267	423	2	.	.	PUNCT
faba-267	424	1	krugman	krugman	PROPN
faba-267	424	2	,	,	PUNCT
faba-267	424	3	p.	p.	PROPN
faba-267	424	4	r.	r.	PROPN
faba-267	424	5	,	,	PUNCT
faba-267	424	6	and	and	CCONJ
faba-267	424	7	m.	m.	NOUN
faba-267	424	8	obstfeld	obstfeld	PROPN
faba-267	424	9	.	.	PUNCT
faba-267	425	1	2009	2009	NUM
faba-267	425	2	.	.	PUNCT
faba-267	426	1	international	international	ADJ
faba-267	426	2	economics	economic	NOUN
faba-267	426	3	:	:	PUNCT
faba-267	426	4	theory	theory	NOUN
faba-267	426	5	and	and	CCONJ
faba-267	426	6	policy	policy	NOUN
faba-267	426	7	.	.	PUNCT
faba-267	427	1	upper	upper	ADJ
faba-267	427	2	saddle	saddle	PROPN
faba-267	427	3	river	river	PROPN
faba-267	427	4	,	,	PUNCT
faba-267	427	5	nj	nj	PROPN
faba-267	427	6	:	:	PUNCT
faba-267	427	7	pearson	pearson	PROPN
faba-267	427	8	education	education	PROPN
faba-267	427	9	.	.	PUNCT
faba-267	428	1	lintner	lintner	PROPN
faba-267	428	2	,	,	PUNCT
faba-267	428	3	j.	j.	PROPN
faba-267	428	4	1956	1956	NUM
faba-267	428	5	.	.	PUNCT
faba-267	429	1	distribution	distribution	NOUN
faba-267	429	2	of	of	ADP
faba-267	429	3	incomes	income	NOUN
faba-267	429	4	of	of	ADP
faba-267	429	5	corporations	corporation	NOUN
faba-267	429	6	among	among	ADP
faba-267	429	7	dividends	dividend	NOUN
faba-267	429	8	,	,	PUNCT
faba-267	429	9	retained	retain	VERB
faba-267	429	10	earnings	earning	NOUN
faba-267	429	11	,	,	PUNCT
faba-267	429	12	and	and	CCONJ
faba-267	429	13	taxes	taxis	NOUN
faba-267	429	14	.	.	PUNCT
faba-267	430	1	the	the	DET
faba-267	430	2	american	american	PROPN
faba-267	430	3	economic	economic	PROPN
faba-267	430	4	review	review	PROPN
faba-267	430	5	,	,	PUNCT
faba-267	430	6	46(2	46(2	NUM
faba-267	430	7	):	):	PUNCT
faba-267	430	8	97–113	97–113	PROPN
faba-267	430	9	.	.	PUNCT
faba-267	431	1	madura	madura	PROPN
faba-267	431	2	,	,	PUNCT
faba-267	431	3	j.	j.	PROPN
faba-267	431	4	,	,	PUNCT
faba-267	431	5	a.	a.	NOUN
faba-267	431	6	hoque	hoque	NOUN
faba-267	431	7	,	,	PUNCT
faba-267	431	8	and	and	CCONJ
faba-267	431	9	c.	c.	PROPN
faba-267	431	10	krishnamrti	krishnamrti	PROPN
faba-267	431	11	.	.	PUNCT
faba-267	432	1	2018	2018	NUM
faba-267	432	2	.	.	PUNCT
faba-267	433	1	international	international	ADJ
faba-267	433	2	financial	financial	ADJ
faba-267	433	3	management	management	NOUN
faba-267	433	4	.	.	PUNCT
faba-267	434	1	melbourne	melbourne	PROPN
faba-267	434	2	:	:	PUNCT
faba-267	435	1	cengage	cengage	PROPN
faba-267	435	2	au	au	PROPN
faba-267	435	3	.	.	PUNCT
faba-267	436	1	mankiw	mankiw	PROPN
faba-267	436	2	,	,	PUNCT
faba-267	436	3	n.	n.	PROPN
faba-267	436	4	g.	g.	PROPN
faba-267	436	5	2021	2021	NUM
faba-267	436	6	.	.	PUNCT
faba-267	437	1	principles	principle	NOUN
faba-267	437	2	of	of	ADP
faba-267	437	3	economics	economic	NOUN
faba-267	437	4	.	.	PUNCT
faba-267	438	1	boston	boston	PROPN
faba-267	438	2	:	:	PUNCT
faba-267	438	3	cengage	cengage	PROPN
faba-267	438	4	learning	learning	PROPN
faba-267	438	5	.	.	PUNCT
faba-267	439	1	marfo	marfo	ADJ
faba-267	439	2	-	-	PUNCT
faba-267	439	3	yiadom	yiadom	NOUN
faba-267	439	4	,	,	PUNCT
faba-267	439	5	e.	e.	PROPN
faba-267	439	6	,	,	PUNCT
faba-267	439	7	and	and	CCONJ
faba-267	439	8	s.	s.	PROPN
faba-267	439	9	k.	k.	PROPN
faba-267	439	10	agyei	agyei	PROPN
faba-267	439	11	.	.	PUNCT
faba-267	440	1	2011	2011	NUM
faba-267	440	2	.	.	PUNCT
faba-267	441	1	determinants	determinant	NOUN
faba-267	441	2	of	of	ADP
faba-267	441	3	dividend	dividend	NOUN
faba-267	441	4	policy	policy	NOUN
faba-267	441	5	of	of	ADP
faba-267	441	6	banks	bank	NOUN
faba-267	441	7	in	in	ADP
faba-267	441	8	ghana	ghana	PROPN
faba-267	441	9	.	.	PUNCT
faba-267	442	1	international	international	ADJ
faba-267	442	2	research	research	PROPN
faba-267	442	3	journal	journal	NOUN
faba-267	442	4	of	of	ADP
faba-267	442	5	finance	finance	NOUN
faba-267	442	6	and	and	CCONJ
faba-267	442	7	economics	economic	NOUN
faba-267	442	8	61	61	NUM
faba-267	442	9	(	(	PUNCT
faba-267	442	10	61	61	NUM
faba-267	442	11	):	):	PUNCT
faba-267	442	12	99–108	99–108	NUM
faba-267	442	13	.	.	PUNCT
faba-267	443	1	mbaka	mbaka	ADV
faba-267	443	2	,	,	PUNCT
faba-267	443	3	v.	v.	ADP
faba-267	443	4	m.	m.	NOUN
faba-267	443	5	2022	2022	NUM
faba-267	443	6	.	.	PUNCT
faba-267	444	1	effects	effect	NOUN
faba-267	444	2	of	of	ADP
faba-267	444	3	macroeconomic	macroeconomic	ADJ
faba-267	444	4	variables	variable	NOUN
faba-267	444	5	on	on	ADP
faba-267	444	6	the	the	DET
faba-267	444	7	dividend	dividend	NOUN
faba-267	444	8	payout	payout	NOUN
faba-267	444	9	of	of	ADP
faba-267	444	10	firms	firm	NOUN
faba-267	444	11	listed	list	VERB
faba-267	444	12	at	at	ADP
faba-267	444	13	nairobi	nairobi	PROPN
faba-267	444	14	securities	securities	PROPN
faba-267	444	15	exchange	exchange	PROPN
faba-267	444	16	.	.	PUNCT
faba-267	445	1	phd	phd	PROPN
faba-267	445	2	diss	diss	PROPN
faba-267	445	3	.	.	PROPN
faba-267	445	4	,	,	PUNCT
faba-267	445	5	university	university	PROPN
faba-267	445	6	of	of	ADP
faba-267	445	7	nairobi	nairobi	PROPN
faba-267	445	8	.	.	PUNCT
faba-267	446	1	mishkin	mishkin	PROPN
faba-267	446	2	,	,	PUNCT
faba-267	446	3	f.	f.	PROPN
faba-267	446	4	s.	s.	PROPN
faba-267	446	5	2007	2007	NUM
faba-267	446	6	.	.	PUNCT
faba-267	447	1	the	the	DET
faba-267	447	2	economics	economic	NOUN
faba-267	447	3	of	of	ADP
faba-267	447	4	money	money	NOUN
faba-267	447	5	,	,	PUNCT
faba-267	447	6	banking	banking	NOUN
faba-267	447	7	,	,	PUNCT
faba-267	447	8	and	and	CCONJ
faba-267	447	9	financial	financial	ADJ
faba-267	447	10	markets	market	NOUN
faba-267	447	11	.	.	PUNCT
faba-267	448	1	boston	boston	PROPN
faba-267	448	2	:	:	PUNCT
faba-267	448	3	pearson	pearson	PROPN
faba-267	448	4	education	education	PROPN
faba-267	448	5	.	.	PUNCT
faba-267	449	1	montes	montes	PROPN
faba-267	449	2	,	,	PUNCT
faba-267	449	3	g.	g.	PROPN
faba-267	449	4	c.	c.	PROPN
faba-267	449	5	,	,	PUNCT
faba-267	449	6	and	and	CCONJ
faba-267	449	7	f.	f.	PROPN
faba-267	449	8	d.	d.	PROPN
faba-267	449	9	s.	s.	PROPN
faba-267	449	10	l.	l.	PROPN
faba-267	449	11	nogueira	nogueira	PROPN
faba-267	449	12	.	.	PUNCT
faba-267	449	13	2022	2022	NUM
faba-267	449	14	.	.	PUNCT
faba-267	450	1	effects	effect	NOUN
faba-267	450	2	of	of	ADP
faba-267	450	3	economic	economic	ADJ
faba-267	450	4	policy	policy	NOUN
faba-267	450	5	uncertainty	uncertainty	NOUN
faba-267	450	6	and	and	CCONJ
faba-267	450	7	political	political	ADJ
faba-267	450	8	uncertainty	uncertainty	NOUN
faba-267	450	9	on	on	ADP
faba-267	450	10	business	business	NOUN
faba-267	450	11	confidence	confidence	NOUN
faba-267	450	12	and	and	CCONJ
faba-267	450	13	investment	investment	NOUN
faba-267	450	14	.	.	PUNCT
faba-267	451	1	journal	journal	NOUN
faba-267	451	2	of	of	ADP
faba-267	451	3	economic	economic	ADJ
faba-267	451	4	studies	study	NOUN
faba-267	451	5	,	,	PUNCT
faba-267	451	6	49(4	49(4	NOUN
faba-267	451	7	):	):	PUNCT
faba-267	451	8	577–602	577–602	NUM
faba-267	451	9	.	.	PUNCT
faba-267	452	1	https://doi.org/10.1108/jes-12-2020-0582	https://doi.org/10.1108/jes-12-2020-0582	PROPN
faba-267	452	2	.	.	PROPN
faba-267	452	3	mukherjee	mukherjee	PROPN
faba-267	452	4	,	,	PUNCT
faba-267	452	5	t.	t.	PROPN
faba-267	452	6	k.	k.	PROPN
faba-267	452	7	,	,	PUNCT
faba-267	452	8	and	and	CCONJ
faba-267	452	9	a.	a.	PROPN
faba-267	452	10	naka	naka	PROPN
faba-267	452	11	.	.	PUNCT
faba-267	453	1	1995	1995	NUM
faba-267	453	2	.	.	PUNCT
faba-267	454	1	dynamic	dynamic	ADJ
faba-267	454	2	relations	relation	NOUN
faba-267	454	3	between	between	ADP
faba-267	454	4	macroeconomic	macroeconomic	ADJ
faba-267	454	5	variables	variable	NOUN
faba-267	454	6	and	and	CCONJ
faba-267	454	7	the	the	DET
faba-267	454	8	japanese	japanese	ADJ
faba-267	454	9	stock	stock	NOUN
faba-267	454	10	market	market	NOUN
faba-267	454	11	:	:	PUNCT
faba-267	454	12	an	an	DET
faba-267	454	13	application	application	NOUN
faba-267	454	14	of	of	ADP
faba-267	454	15	a	a	DET
faba-267	454	16	vector	vector	NOUN
faba-267	454	17	error	error	NOUN
faba-267	454	18	correction	correction	NOUN
faba-267	454	19	model	model	NOUN
faba-267	454	20	.	.	PUNCT
faba-267	455	1	journal	journal	PROPN
faba-267	455	2	of	of	ADP
faba-267	455	3	financial	financial	ADJ
faba-267	455	4	research	research	NOUN
faba-267	455	5	,	,	PUNCT
faba-267	455	6	18(2	18(2	NUM
faba-267	455	7	):	):	PUNCT
faba-267	455	8	223–37	223–37	PROPN
faba-267	455	9	.	.	PUNCT
faba-267	456	1	nyamu	nyamu	PROPN
faba-267	456	2	,	,	PUNCT
faba-267	456	3	f.	f.	PROPN
faba-267	456	4	2016	2016	NUM
faba-267	456	5	.	.	PUNCT
faba-267	457	1	the	the	DET
faba-267	457	2	effect	effect	NOUN
faba-267	457	3	of	of	ADP
faba-267	457	4	macroeconomic	macroeconomic	ADJ
faba-267	457	5	factors	factor	NOUN
faba-267	457	6	on	on	ADP
faba-267	457	7	the	the	DET
faba-267	457	8	financial	financial	ADJ
faba-267	457	9	performance	performance	NOUN
faba-267	457	10	of	of	ADP
faba-267	457	11	insurance	insurance	NOUN
faba-267	457	12	firms	firm	NOUN
faba-267	457	13	in	in	ADP
faba-267	457	14	kenya	kenya	PROPN
faba-267	457	15	.	.	PUNCT
faba-267	458	1	phd	phd	PROPN
faba-267	458	2	diss	diss	PROPN
faba-267	458	3	.	.	PROPN
faba-267	458	4	,	,	PUNCT
faba-267	458	5	university	university	PROPN
faba-267	458	6	of	of	ADP
faba-267	458	7	nairobi	nairobi	PROPN
faba-267	458	8	.	.	PUNCT
faba-267	459	1	nzekwe	nzekwe	ADJ
faba-267	459	2	,	,	PUNCT
faba-267	459	3	o.	o.	PROPN
faba-267	459	4	g.	g.	PROPN
faba-267	459	5	,	,	PUNCT
faba-267	459	6	p.	p.	NOUN
faba-267	459	7	v.	v.	ADP
faba-267	459	8	c.	c.	PROPN
faba-267	459	9	okoye	okoye	PROPN
faba-267	459	10	,	,	PUNCT
faba-267	459	11	and	and	CCONJ
faba-267	459	12	n.	n.	PROPN
faba-267	459	13	n.	n.	PROPN
faba-267	459	14	amahalu	amahalu	PROPN
faba-267	459	15	.	.	PUNCT
faba-267	460	1	2021	2021	NUM
faba-267	460	2	.	.	PUNCT
faba-267	461	1	effect	effect	NOUN
faba-267	461	2	of	of	ADP
faba-267	461	3	sustainability	sustainability	NOUN
faba-267	461	4	reporting	report	VERB
faba-267	461	5	on	on	ADP
faba-267	461	6	the	the	DET
faba-267	461	7	financial	financial	ADJ
faba-267	461	8	performance	performance	NOUN
faba-267	461	9	of	of	ADP
faba-267	461	10	quoted	quote	VERB
faba-267	461	11	industrial	industrial	ADJ
faba-267	461	12	goods	good	NOUN
faba-267	461	13	companies	company	NOUN
faba-267	461	14	in	in	ADP
faba-267	461	15	nigeria	nigeria	PROPN
faba-267	461	16	.	.	PUNCT
faba-267	462	1	international	international	ADJ
faba-267	462	2	journal	journal	PROPN
faba-267	462	3	of	of	ADP
faba-267	462	4	management	management	NOUN
faba-267	462	5	studies	study	NOUN
faba-267	462	6	and	and	CCONJ
faba-267	462	7	social	social	ADJ
faba-267	462	8	science	science	NOUN
faba-267	462	9	research	research	NOUN
faba-267	462	10	,	,	PUNCT
faba-267	462	11	3(5	3(5	NUM
faba-267	462	12	):	):	PUNCT
faba-267	462	13	265–80	265–80	NUM
faba-267	462	14	.	.	PUNCT
faba-267	462	15	pamungkas	pamungkas	PROPN
faba-267	462	16	,	,	PUNCT
faba-267	462	17	a.	a.	PROPN
faba-267	462	18	d.	d.	PROPN
faba-267	462	19	p.	p.	PROPN
faba-267	462	20	,	,	PUNCT
faba-267	462	21	d.	d.	PROPN
faba-267	462	22	hamid	hamid	PROPN
faba-267	462	23	,	,	PUNCT
faba-267	462	24	and	and	CCONJ
faba-267	462	25	a.	a.	NOUN
faba-267	462	26	prasetya	prasetya	NOUN
faba-267	462	27	.	.	PUNCT
faba-267	463	1	2017	2017	NUM
faba-267	463	2	.	.	PUNCT
faba-267	464	1	the	the	DET
faba-267	464	2	effect	effect	NOUN
faba-267	464	3	of	of	ADP
faba-267	464	4	education	education	NOUN
faba-267	464	5	and	and	CCONJ
faba-267	464	6	work	work	NOUN
faba-267	464	7	experience	experience	NOUN
faba-267	464	8	on	on	ADP
faba-267	464	9	work	work	NOUN
faba-267	464	10	ability	ability	NOUN
faba-267	464	11	and	and	CCONJ
faba-267	464	12	employee	employee	NOUN
faba-267	464	13	performance	performance	NOUN
faba-267	464	14	(	(	PUNCT
faba-267	464	15	study	study	NOUN
faba-267	464	16	on	on	ADP
faba-267	464	17	employees	employee	NOUN
faba-267	464	18	of	of	ADP
faba-267	464	19	pt	pt	PROPN
faba-267	464	20	.	.	PROPN
faba-267	464	21	inka	inka	PROPN
faba-267	464	22	(	(	PUNCT
faba-267	464	23	persero	persero	NOUN
faba-267	464	24	)	)	PUNCT
faba-267	464	25	)	)	PUNCT
faba-267	464	26	.	.	PUNCT
faba-267	465	1	journal	journal	PROPN
faba-267	465	2	of	of	ADP
faba-267	465	3	business	business	PROPN
faba-267	465	4	administration	administration	PROPN
faba-267	465	5	,	,	PUNCT
faba-267	465	6	43(1	43(1	NUM
faba-267	465	7	):	):	PUNCT
faba-267	465	8	96–103	96–103	PROPN
faba-267	465	9	.	.	PROPN
faba-267	465	10	pan	pan	PROPN
faba-267	465	11	,	,	PUNCT
faba-267	465	12	m.	m.	NOUN
faba-267	465	13	s.	s.	PROPN
faba-267	465	14	,	,	PUNCT
faba-267	465	15	r.	r.	PROPN
faba-267	465	16	c.	c.	PROPN
faba-267	465	17	w.	w.	PROPN
faba-267	465	18	fok	fok	PROPN
faba-267	465	19	,	,	PUNCT
faba-267	465	20	and	and	CCONJ
faba-267	465	21	y.	y.	PROPN
faba-267	465	22	a.	a.	PROPN
faba-267	465	23	liu	liu	PROPN
faba-267	465	24	.	.	PUNCT
faba-267	466	1	2007	2007	NUM
faba-267	466	2	.	.	PUNCT
faba-267	467	1	dynamic	dynamic	ADJ
faba-267	467	2	linkages	linkage	NOUN
faba-267	467	3	between	between	ADP
faba-267	467	4	exchange	exchange	NOUN
faba-267	467	5	rates	rate	NOUN
faba-267	467	6	and	and	CCONJ
faba-267	467	7	stock	stock	NOUN
faba-267	467	8	prices	price	NOUN
faba-267	467	9	:	:	PUNCT
faba-267	467	10	evidence	evidence	NOUN
faba-267	467	11	from	from	ADP
faba-267	467	12	east	east	ADJ
faba-267	467	13	asian	asian	ADJ
faba-267	467	14	markets	market	NOUN
faba-267	467	15	.	.	PUNCT
faba-267	468	1	international	international	ADJ
faba-267	468	2	review	review	NOUN
faba-267	468	3	of	of	ADP
faba-267	468	4	economics	economics	PROPN
faba-267	468	5	&	&	CCONJ
faba-267	468	6	finance	finance	PROPN
faba-267	468	7	,	,	PUNCT
faba-267	468	8	16(4	16(4	NUM
faba-267	468	9	):	):	PUNCT
faba-267	468	10	503	503	NUM
faba-267	468	11	–	–	PUNCT
faba-267	468	12	20	20	NUM
faba-267	468	13	.	.	PUNCT
faba-267	469	1	https://doi.org/10.1016/j.iref.2005.09.003	https://doi.org/10.1016/j.iref.2005.09.003	PROPN
faba-267	469	2	.	.	PUNCT
faba-267	469	3	https://doi.org/10.3390/su11236606	https://doi.org/10.3390/su11236606	VERB
faba-267	469	4	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-why-returns-are-headed-lower-and-what-to-do-about-it	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-why-returns-are-headed-lower-and-what-to-do-about-it	PROPN
faba-267	469	5	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-why-returns-are-headed-lower-and-what-to-do-about-it	https://www.mckinsey.com/industries/private-capital/our-insights/look-out-below-why-returns-are-headed-lower-and-what-to-do-about-it	PROPN
faba-267	469	6	https://doi.org/10.1016/s2212-5671(15)00490-6	https://doi.org/10.1016/s2212-5671(15)00490-6	PROPN
faba-267	469	7	https://doi.org/10.1016/j.ejor.2013.10.060	https://doi.org/10.1016/j.ejor.2013.10.060	PROPN
faba-267	469	8	https://doi.org/10.1108/jes-12-2020-0582	https://doi.org/10.1108/jes-12-2020-0582	VERB
faba-267	469	9	https://doi.org/10.1016/j.iref.2005.09.003	https://doi.org/10.1016/j.iref.2005.09.003	PROPN
faba-267	469	10	doffour	doffour	NOUN
faba-267	469	11	,	,	PUNCT
faba-267	469	12	asamoah	asamoah	NOUN
faba-267	469	13	,	,	PUNCT
faba-267	469	14	anim	anim	NOUN
faba-267	469	15	,	,	PUNCT
faba-267	469	16	agyenim	agyenim	NOUN
faba-267	469	17	-	-	PUNCT
faba-267	469	18	boateng	boateng	NOUN
faba-267	469	19	/	/	SYM
faba-267	469	20	finance	finance	NOUN
faba-267	469	21	,	,	PUNCT
faba-267	469	22	accounting	accounting	NOUN
faba-267	469	23	and	and	CCONJ
faba-267	469	24	business	business	NOUN
faba-267	469	25	analysis	analysis	NOUN
faba-267	469	26	,	,	PUNCT
faba-267	469	27	volume	volume	NOUN
faba-267	469	28	7	7	NUM
faba-267	469	29	,	,	PUNCT
faba-267	469	30	issue1	issue1	ADV
faba-267	469	31	,	,	PUNCT
faba-267	469	32	2025	2025	NUM
faba-267	469	33	133	133	NUM
faba-267	469	34	rashid	rashid	PROPN
faba-267	469	35	,	,	PUNCT
faba-267	469	36	a.	a.	NOUN
faba-267	469	37	,	,	PUNCT
faba-267	469	38	and	and	CCONJ
faba-267	469	39	a.	a.	NOUN
faba-267	469	40	a.	a.	PROPN
faba-267	469	41	rahman	rahman	PROPN
faba-267	469	42	.	.	PUNCT
faba-267	470	1	2008	2008	NUM
faba-267	470	2	.	.	PUNCT
faba-267	471	1	dividend	dividend	NOUN
faba-267	471	2	policy	policy	NOUN
faba-267	471	3	and	and	CCONJ
faba-267	471	4	stock	stock	NOUN
faba-267	471	5	price	price	NOUN
faba-267	471	6	volatility	volatility	NOUN
faba-267	471	7	:	:	PUNCT
faba-267	471	8	evidence	evidence	NOUN
faba-267	471	9	from	from	ADP
faba-267	471	10	bangladesh	bangladesh	PROPN
faba-267	471	11	.	.	PUNCT
faba-267	472	1	the	the	DET
faba-267	472	2	journal	journal	NOUN
faba-267	472	3	of	of	ADP
faba-267	472	4	applied	apply	VERB
faba-267	472	5	business	business	NOUN
faba-267	472	6	and	and	CCONJ
faba-267	472	7	economics	economic	NOUN
faba-267	472	8	,	,	PUNCT
faba-267	472	9	8(4	8(4	NUM
faba-267	472	10	):	):	PUNCT
faba-267	472	11	71–81	71–81	NUM
faba-267	472	12	.	.	PUNCT
faba-267	472	13	rinanda	rinanda	PROPN
faba-267	472	14	,	,	PUNCT
faba-267	472	15	y.	y.	NOUN
faba-267	472	16	2022	2022	NUM
faba-267	472	17	.	.	PUNCT
faba-267	473	1	the	the	DET
faba-267	473	2	influence	influence	NOUN
faba-267	473	3	of	of	ADP
faba-267	473	4	macroeconomic	macroeconomic	ADJ
faba-267	473	5	factors	factor	NOUN
faba-267	473	6	and	and	CCONJ
faba-267	473	7	financial	financial	ADJ
faba-267	473	8	performance	performance	NOUN
faba-267	473	9	on	on	ADP
faba-267	473	10	dividend	dividend	NOUN
faba-267	473	11	policy	policy	NOUN
faba-267	473	12	during	during	ADP
faba-267	473	13	pandemic	pandemic	ADJ
faba-267	473	14	(	(	PUNCT
faba-267	473	15	manufacturing	manufacture	VERB
faba-267	473	16	company	company	NOUN
faba-267	473	17	listed	list	VERB
faba-267	473	18	on	on	ADP
faba-267	473	19	the	the	DET
faba-267	473	20	idx	idx	NOUN
faba-267	473	21	)	)	PUNCT
faba-267	473	22	.	.	PUNCT
faba-267	474	1	dinasti	dinasti	PROPN
faba-267	474	2	international	international	PROPN
faba-267	474	3	journal	journal	PROPN
faba-267	474	4	of	of	ADP
faba-267	474	5	economics	economic	NOUN
faba-267	474	6	,	,	PUNCT
faba-267	474	7	finance	finance	NOUN
faba-267	474	8	&	&	CCONJ
faba-267	474	9	accounting	accounting	NOUN
faba-267	474	10	,	,	PUNCT
faba-267	474	11	2(6	2(6	NUM
faba-267	474	12	):	):	PUNCT
faba-267	474	13	637–46	637–46	PROPN
faba-267	474	14	.	.	PUNCT
faba-267	475	1	https://doi.org/10.38035/dijefa.v2i6.1300	https://doi.org/10.38035/dijefa.v2i6.1300	PROPN
faba-267	475	2	.	.	PUNCT
faba-267	475	3	rój	rój	PROPN
faba-267	475	4	,	,	PUNCT
faba-267	475	5	j.	j.	PROPN
faba-267	475	6	2019	2019	NUM
faba-267	475	7	.	.	PUNCT
faba-267	476	1	the	the	DET
faba-267	476	2	determinants	determinant	NOUN
faba-267	476	3	of	of	ADP
faba-267	476	4	corporate	corporate	ADJ
faba-267	476	5	dividend	dividend	NOUN
faba-267	476	6	policy	policy	NOUN
faba-267	476	7	in	in	ADP
faba-267	476	8	poland	poland	PROPN
faba-267	476	9	.	.	PUNCT
faba-267	477	1	ekonomika	ekonomika	PROPN
faba-267	477	2	,	,	PUNCT
faba-267	477	3	98(1	98(1	NOUN
faba-267	477	4	):	):	PUNCT
faba-267	477	5	96–110	96–110	NOUN
faba-267	477	6	.	.	PUNCT
faba-267	478	1	https://doi.org/10.15388/ekon.2019.1.6	https://doi.org/10.15388/ekon.2019.1.6	PROPN
faba-267	478	2	.	.	PUNCT
faba-267	479	1	roll	roll	PROPN
faba-267	479	2	,	,	PUNCT
faba-267	479	3	r.	r.	PROPN
faba-267	479	4	,	,	PUNCT
faba-267	479	5	and	and	CCONJ
faba-267	479	6	s.	s.	PROPN
faba-267	479	7	a.	a.	PROPN
faba-267	479	8	ross	ross	PROPN
faba-267	479	9	.	.	PROPN
faba-267	479	10	1980	1980	NUM
faba-267	479	11	.	.	PUNCT
faba-267	480	1	an	an	DET
faba-267	480	2	empirical	empirical	ADJ
faba-267	480	3	investigation	investigation	NOUN
faba-267	480	4	of	of	ADP
faba-267	480	5	the	the	DET
faba-267	480	6	arbitrage	arbitrage	NOUN
faba-267	480	7	pricing	pricing	NOUN
faba-267	480	8	theory	theory	NOUN
faba-267	480	9	.	.	PUNCT
faba-267	481	1	the	the	DET
faba-267	481	2	journal	journal	PROPN
faba-267	481	3	of	of	ADP
faba-267	481	4	finance	finance	NOUN
faba-267	481	5	,	,	PUNCT
faba-267	481	6	35(5	35(5	NUM
faba-267	481	7	):	):	PUNCT
faba-267	481	8	1073–103	1073–103	X
faba-267	481	9	.	.	PUNCT
faba-267	482	1	romus	romus	PROPN
faba-267	482	2	,	,	PUNCT
faba-267	482	3	m.	m.	NOUN
faba-267	482	4	,	,	PUNCT
faba-267	482	5	r.	r.	PROPN
faba-267	482	6	anita	anita	PROPN
faba-267	482	7	,	,	PUNCT
faba-267	482	8	m.	m.	PROPN
faba-267	482	9	r.	r.	PROPN
faba-267	482	10	abdillah	abdillah	PROPN
faba-267	482	11	,	,	PUNCT
faba-267	482	12	and	and	CCONJ
faba-267	482	13	n.	n.	PROPN
faba-267	482	14	b.	b.	PROPN
faba-267	482	15	zakaria	zakaria	PROPN
faba-267	482	16	.	.	PUNCT
faba-267	483	1	2020	2020	NUM
faba-267	483	2	.	.	PUNCT
faba-267	484	1	selected	select	VERB
faba-267	484	2	firms	firm	NOUN
faba-267	484	3	'	'	PART
faba-267	484	4	environmental	environmental	ADJ
faba-267	484	5	variables	variable	NOUN
faba-267	484	6	:	:	PUNCT
faba-267	484	7	macroeconomic	macroeconomic	ADJ
faba-267	484	8	variables	variable	NOUN
faba-267	484	9	,	,	PUNCT
faba-267	484	10	performance	performance	NOUN
faba-267	484	11	and	and	CCONJ
faba-267	484	12	dividend	dividend	NOUN
faba-267	484	13	policy	policy	NOUN
faba-267	484	14	analysis	analysis	NOUN
faba-267	484	15	.	.	PUNCT
faba-267	485	1	in	in	ADP
faba-267	485	2	iop	iop	PROPN
faba-267	485	3	conference	conference	NOUN
faba-267	485	4	series	series	NOUN
faba-267	485	5	:	:	PUNCT
faba-267	485	6	earth	earth	NOUN
faba-267	485	7	and	and	CCONJ
faba-267	485	8	environmental	environmental	ADJ
faba-267	485	9	science	science	NOUN
faba-267	485	10	,	,	PUNCT
faba-267	485	11	469(1	469(1	NUM
faba-267	485	12	):	):	PUNCT
faba-267	485	13	012047	012047	NUM
faba-267	485	14	.	.	PUNCT
faba-267	486	1	iop	iop	PROPN
faba-267	486	2	publishing	publishing	PROPN
faba-267	486	3	.	.	PUNCT
faba-267	487	1	ross	ross	PROPN
faba-267	487	2	,	,	PUNCT
faba-267	487	3	s.	s.	PROPN
faba-267	487	4	a.	a.	PROPN
faba-267	487	5	1976	1976	NUM
faba-267	487	6	.	.	PUNCT
faba-267	488	1	the	the	DET
faba-267	488	2	arbitrage	arbitrage	NOUN
faba-267	488	3	theory	theory	NOUN
faba-267	488	4	of	of	ADP
faba-267	488	5	capital	capital	NOUN
faba-267	488	6	asset	asset	NOUN
faba-267	488	7	pricing	pricing	NOUN
faba-267	488	8	.	.	PUNCT
faba-267	489	1	journal	journal	PROPN
faba-267	489	2	of	of	ADP
faba-267	489	3	economics	economic	NOUN
faba-267	489	4	theory	theory	NOUN
faba-267	489	5	,	,	PUNCT
faba-267	489	6	13	13	NUM
faba-267	489	7	:	:	PUNCT
faba-267	489	8	341–60	341–60	NUM
faba-267	489	9	.	.	X
faba-267	489	10	https://doi.org/10.1016/0022-0531(76)90046-6	https://doi.org/10.1016/0022-0531(76)90046-6	PROPN
faba-267	489	11	.	.	PUNCT
faba-267	490	1	ross	ross	PROPN
faba-267	490	2	,	,	PUNCT
faba-267	490	3	s.	s.	PROPN
faba-267	490	4	a.	a.	PROPN
faba-267	490	5	2013	2013	NUM
faba-267	490	6	.	.	PUNCT
faba-267	491	1	the	the	DET
faba-267	491	2	arbitrage	arbitrage	NOUN
faba-267	491	3	theory	theory	NOUN
faba-267	491	4	of	of	ADP
faba-267	491	5	capital	capital	NOUN
faba-267	491	6	asset	asset	NOUN
faba-267	491	7	pricing	pricing	NOUN
faba-267	491	8	.	.	PUNCT
faba-267	492	1	in	in	ADP
faba-267	492	2	handbook	handbook	NOUN
faba-267	492	3	of	of	ADP
faba-267	492	4	the	the	DET
faba-267	492	5	fundamentals	fundamental	NOUN
faba-267	492	6	of	of	ADP
faba-267	492	7	financial	financial	ADJ
faba-267	492	8	decision	decision	NOUN
faba-267	492	9	making	making	NOUN
faba-267	492	10	:	:	PUNCT
faba-267	492	11	part	part	NOUN
faba-267	492	12	i	i	PRON
faba-267	492	13	,	,	PUNCT
faba-267	492	14	11–30	11–30	NUM
faba-267	492	15	.	.	PUNCT
faba-267	492	16	salim	salim	PROPN
faba-267	492	17	,	,	PUNCT
faba-267	492	18	a.	a.	NOUN
faba-267	492	19	2019	2019	NUM
faba-267	492	20	.	.	PUNCT
faba-267	493	1	inflation	inflation	NOUN
faba-267	493	2	:	:	PUNCT
faba-267	493	3	types	type	NOUN
faba-267	493	4	,	,	PUNCT
faba-267	493	5	causes	cause	NOUN
faba-267	493	6	and	and	CCONJ
faba-267	493	7	effects	effect	NOUN
faba-267	493	8	.	.	PUNCT
faba-267	494	1	impact	impact	NOUN
faba-267	494	2	journals	journal	NOUN
faba-267	494	3	,	,	PUNCT
faba-267	494	4	7(1	7(1	NUM
faba-267	494	5	):	):	PUNCT
faba-267	494	6	343–50	343–50	NUM
faba-267	494	7	.	.	PUNCT
faba-267	495	1	samrotun	samrotun	PROPN
faba-267	495	2	,	,	PUNCT
faba-267	495	3	y.	y.	PROPN
faba-267	495	4	c.	c.	PROPN
faba-267	495	5	2015	2015	NUM
faba-267	495	6	.	.	PUNCT
faba-267	496	1	dividend	dividend	NOUN
faba-267	496	2	policy	policy	NOUN
faba-267	496	3	and	and	CCONJ
faba-267	496	4	factors	factor	NOUN
faba-267	496	5	affecting	affect	VERB
faba-267	496	6	it	it	PRON
faba-267	496	7	.	.	PUNCT
faba-267	497	1	journal	journal	PROPN
faba-267	497	2	of	of	ADP
faba-267	497	3	paradigms	paradigms	PROPN
faba-267	497	4	,	,	PUNCT
faba-267	497	5	13(1	13(1	NUM
faba-267	497	6	)	)	PUNCT
faba-267	497	7	.	.	PUNCT
faba-267	498	1	shrestha	shrestha	PROPN
faba-267	498	2	,	,	PUNCT
faba-267	498	3	p.	p.	PROPN
faba-267	498	4	k.	k.	PROPN
faba-267	498	5	,	,	PUNCT
faba-267	498	6	and	and	CCONJ
faba-267	498	7	b.	b.	PROPN
faba-267	498	8	r.	r.	PROPN
faba-267	498	9	subedi	subedi	PROPN
faba-267	498	10	.	.	PUNCT
faba-267	498	11	2014	2014	NUM
faba-267	498	12	.	.	PUNCT
faba-267	499	1	determinants	determinant	NOUN
faba-267	499	2	of	of	ADP
faba-267	499	3	stock	stock	NOUN
faba-267	499	4	market	market	NOUN
faba-267	499	5	performance	performance	NOUN
faba-267	499	6	in	in	ADP
faba-267	499	7	nepal	nepal	ADJ
faba-267	499	8	.	.	PUNCT
faba-267	500	1	nrb	nrb	PROPN
faba-267	500	2	economic	economic	PROPN
faba-267	500	3	review	review	PROPN
faba-267	500	4	,	,	PUNCT
faba-267	500	5	26(2	26(2	NUM
faba-267	500	6	):	):	PUNCT
faba-267	500	7	25–40	25–40	NUM
faba-267	500	8	.	.	PUNCT
faba-267	501	1	https://doi.org/10.3126/nrber.v26i2.52578	https://doi.org/10.3126/nrber.v26i2.52578	X
faba-267	501	2	.	.	PUNCT
faba-267	502	1	sumaira	sumaira	PROPN
faba-267	502	2	,	,	PUNCT
faba-267	502	3	b.	b.	PROPN
faba-267	502	4	,	,	PUNCT
faba-267	502	5	and	and	CCONJ
faba-267	502	6	t.	t.	PROPN
faba-267	502	7	amjad	amjad	PROPN
faba-267	502	8	.	.	PUNCT
faba-267	503	1	2013	2013	NUM
faba-267	503	2	.	.	PUNCT
faba-267	504	1	determinants	determinant	NOUN
faba-267	504	2	of	of	ADP
faba-267	504	3	profitability	profitability	NOUN
faba-267	504	4	:	:	PUNCT
faba-267	504	5	panel	panel	NOUN
faba-267	504	6	data	datum	NOUN
faba-267	504	7	evidence	evidence	NOUN
faba-267	504	8	from	from	ADP
faba-267	504	9	the	the	DET
faba-267	504	10	insurance	insurance	NOUN
faba-267	504	11	sector	sector	NOUN
faba-267	504	12	of	of	ADP
faba-267	504	13	pakistan	pakistan	PROPN
faba-267	504	14	.	.	PUNCT
faba-267	505	1	finance	finance	NOUN
faba-267	505	2	management	management	NOUN
faba-267	505	3	,	,	PUNCT
faba-267	505	4	a	a	DET
faba-267	505	5	57	57	NUM
faba-267	505	6	:	:	PUNCT
faba-267	505	7	14377–82	14377–82	NUM
faba-267	505	8	.	.	PUNCT
faba-267	506	1	sutrisno	sutrisno	PROPN
faba-267	506	2	,	,	PUNCT
faba-267	506	3	h.	h.	PROPN
faba-267	506	4	2009	2009	NUM
faba-267	506	5	.	.	PUNCT
faba-267	507	1	financial	financial	ADJ
faba-267	507	2	management	management	NOUN
faba-267	507	3	:	:	PUNCT
faba-267	508	1	theory	theory	NOUN
faba-267	508	2	,	,	PUNCT
faba-267	508	3	concepts	concept	NOUN
faba-267	508	4	and	and	CCONJ
faba-267	508	5	applications	application	NOUN
faba-267	508	6	.	.	PUNCT
faba-267	509	1	yogyakarta	yogyakarta	PROPN
faba-267	509	2	:	:	PUNCT
faba-267	509	3	ekonosia	ekonosia	PROPN
faba-267	509	4	.	.	PUNCT
faba-267	510	1	theissen	theissen	PROPN
faba-267	510	2	,	,	PUNCT
faba-267	510	3	m.	m.	PROPN
faba-267	510	4	h.	h.	PROPN
faba-267	510	5	,	,	PUNCT
faba-267	510	6	c.	c.	PROPN
faba-267	510	7	jung	jung	PROPN
faba-267	510	8	,	,	PUNCT
faba-267	510	9	h.	h.	PROPN
faba-267	510	10	h.	h.	PROPN
faba-267	510	11	theissen	theissen	PROPN
faba-267	510	12	,	,	PUNCT
faba-267	510	13	and	and	CCONJ
faba-267	510	14	l.	l.	PROPN
faba-267	510	15	graf	graf	PROPN
faba-267	510	16	-	-	PUNCT
faba-267	510	17	vlachy	vlachy	NOUN
faba-267	510	18	.	.	PUNCT
faba-267	511	1	2023	2023	NUM
faba-267	511	2	.	.	PUNCT
faba-267	512	1	cash	cash	NOUN
faba-267	512	2	holdings	holding	NOUN
faba-267	512	3	and	and	CCONJ
faba-267	512	4	firm	firm	ADJ
faba-267	512	5	value	value	NOUN
faba-267	512	6	:	:	PUNCT
faba-267	512	7	evidence	evidence	NOUN
faba-267	512	8	for	for	ADP
faba-267	512	9	increasing	increase	VERB
faba-267	512	10	marginal	marginal	ADJ
faba-267	512	11	returns	return	NOUN
faba-267	512	12	.	.	PUNCT
faba-267	513	1	journal	journal	NOUN
faba-267	513	2	of	of	ADP
faba-267	513	3	management	management	NOUN
faba-267	513	4	scientific	scientific	ADJ
faba-267	513	5	reports	report	NOUN
faba-267	513	6	,	,	PUNCT
faba-267	513	7	1(3–4	1(3–4	NUM
faba-267	513	8	):	):	PUNCT
faba-267	513	9	260	260	NUM
faba-267	513	10	–	–	SYM
faba-267	513	11	300	300	NUM
faba-267	513	12	.	.	PUNCT
faba-267	514	1	https://doi.org/10.1177/2755031123118731	https://doi.org/10.1177/2755031123118731	NOUN
faba-267	514	2	.	.	PUNCT
faba-267	515	1	tran	tran	PROPN
faba-267	515	2	,	,	PUNCT
faba-267	515	3	q.	q.	PROPN
faba-267	515	4	t.	t.	PROPN
faba-267	515	5	,	,	PUNCT
faba-267	515	6	x.	x.	PROPN
faba-267	515	7	m.	m.	NOUN
faba-267	515	8	nguyen	nguyen	PROPN
faba-267	515	9	,	,	PUNCT
faba-267	515	10	t.	t.	PROPN
faba-267	515	11	h.	h.	PROPN
faba-267	515	12	a.	a.	PROPN
faba-267	515	13	nguyen	nguyen	PROPN
faba-267	515	14	,	,	PUNCT
faba-267	515	15	t.	t.	PROPN
faba-267	515	16	m.	m.	NOUN
faba-267	515	17	nguyen	nguyen	PROPN
faba-267	515	18	,	,	PUNCT
faba-267	515	19	and	and	CCONJ
faba-267	515	20	t.	t.	PROPN
faba-267	515	21	t.	t.	PROPN
faba-267	515	22	t.	t.	PROPN
faba-267	515	23	truong	truong	PROPN
faba-267	515	24	.	.	PUNCT
faba-267	516	1	2019	2019	NUM
faba-267	516	2	.	.	PUNCT
faba-267	517	1	monetary	monetary	ADJ
faba-267	517	2	loosening	loosening	NOUN
faba-267	517	3	and	and	CCONJ
faba-267	517	4	dividend	dividend	NOUN
faba-267	517	5	policy	policy	NOUN
faba-267	517	6	:	:	PUNCT
faba-267	517	7	evidence	evidence	NOUN
faba-267	517	8	from	from	ADP
faba-267	517	9	vietnamese	vietnamese	ADJ
faba-267	517	10	stock	stock	NOUN
faba-267	517	11	market	market	NOUN
faba-267	517	12	.	.	PUNCT
faba-267	518	1	asian	asian	PROPN
faba-267	518	2	academy	academy	PROPN
faba-267	518	3	of	of	ADP
faba-267	518	4	management	management	NOUN
faba-267	518	5	journal	journal	NOUN
faba-267	518	6	,	,	PUNCT
faba-267	518	7	24(2	24(2	NUM
faba-267	518	8	):	):	PUNCT
faba-267	518	9	95–112	95–112	PROPN
faba-267	518	10	.	.	PUNCT
faba-267	518	11	https://doi.org/10.21315/aamj2019.24.2.5	https://doi.org/10.21315/aamj2019.24.2.5	PROPN
faba-267	518	12	.	.	PUNCT
faba-267	519	1	willy	willy	ADV
faba-267	519	2	,	,	PUNCT
faba-267	519	3	o.	o.	PROPN
faba-267	519	4	c.	c.	PROPN
faba-267	519	5	o.	o.	PROPN
faba-267	519	6	2012	2012	NUM
faba-267	519	7	.	.	PUNCT
faba-267	520	1	macroeconomic	macroeconomic	ADJ
faba-267	520	2	fluctuations	fluctuation	NOUN
faba-267	520	3	affect	affect	VERB
faba-267	520	4	the	the	DET
faba-267	520	5	financial	financial	ADJ
faba-267	520	6	performance	performance	NOUN
faba-267	520	7	of	of	ADP
faba-267	520	8	listed	list	VERB
faba-267	520	9	manufacturing	manufacturing	NOUN
faba-267	520	10	firms	firm	NOUN
faba-267	520	11	in	in	ADP
faba-267	520	12	kenya	kenya	PROPN
faba-267	520	13	.	.	PUNCT
faba-267	521	1	international	international	ADJ
faba-267	521	2	journal	journal	PROPN
faba-267	521	3	of	of	ADP
faba-267	521	4	social	social	ADJ
faba-267	521	5	sciences	science	NOUN
faba-267	521	6	,	,	PUNCT
faba-267	521	7	21(1	21(1	NUM
faba-267	521	8	):	):	PUNCT
faba-267	521	9	26–40	26–40	NUM
faba-267	521	10	.	.	PUNCT
faba-267	522	1	yakubu	yakubu	PROPN
faba-267	522	2	,	,	PUNCT
faba-267	522	3	i.	i.	PROPN
faba-267	522	4	n.	n.	PROPN
faba-267	522	5	2019	2019	NUM
faba-267	522	6	.	.	PUNCT
faba-267	523	1	revisiting	revisit	VERB
faba-267	523	2	the	the	DET
faba-267	523	3	factors	factor	NOUN
faba-267	523	4	influencing	influence	VERB
faba-267	523	5	corporate	corporate	ADJ
faba-267	523	6	dividend	dividend	NOUN
faba-267	523	7	policy	policy	NOUN
faba-267	523	8	decisions	decision	NOUN
faba-267	523	9	:	:	PUNCT
faba-267	523	10	evidence	evidence	NOUN
faba-267	523	11	from	from	ADP
faba-267	523	12	listed	list	VERB
faba-267	523	13	banks	bank	NOUN
faba-267	523	14	in	in	ADP
faba-267	523	15	ghana	ghana	PROPN
faba-267	523	16	.	.	PUNCT
faba-267	524	1	management	management	PROPN
faba-267	524	2	&	&	CCONJ
faba-267	524	3	accounting	accounting	PROPN
faba-267	524	4	review	review	PROPN
faba-267	524	5	(	(	PUNCT
faba-267	524	6	mar	mar	PROPN
faba-267	524	7	)	)	PUNCT
faba-267	524	8	,	,	PUNCT
faba-267	524	9	18(3	18(3	NUM
faba-267	524	10	):	):	PUNCT
faba-267	524	11	31–50	31–50	NUM
faba-267	524	12	.	.	PUNCT
faba-267	525	1	zghidi	zghidi	PROPN
faba-267	525	2	,	,	PUNCT
faba-267	525	3	n.	n.	PROPN
faba-267	525	4	,	,	PUNCT
faba-267	525	5	i.	i.	PROPN
faba-267	525	6	mohamed	mohamed	PROPN
faba-267	525	7	sghaier	sghaier	PROPN
faba-267	525	8	,	,	PUNCT
faba-267	525	9	and	and	CCONJ
faba-267	525	10	z.	z.	PROPN
faba-267	525	11	abida	abida	PROPN
faba-267	525	12	.	.	PUNCT
faba-267	525	13	2016	2016	NUM
faba-267	525	14	.	.	PUNCT
faba-267	526	1	does	do	AUX
faba-267	526	2	economic	economic	ADJ
faba-267	526	3	freedom	freedom	NOUN
faba-267	526	4	enhance	enhance	VERB
faba-267	526	5	the	the	DET
faba-267	526	6	impact	impact	NOUN
faba-267	526	7	of	of	ADP
faba-267	526	8	foreign	foreign	ADJ
faba-267	526	9	direct	direct	ADJ
faba-267	526	10	investment	investment	NOUN
faba-267	526	11	on	on	ADP
faba-267	526	12	economic	economic	ADJ
faba-267	526	13	growth	growth	NOUN
faba-267	526	14	in	in	ADP
faba-267	526	15	north	north	ADJ
faba-267	526	16	african	african	ADJ
faba-267	526	17	countries	country	NOUN
faba-267	526	18	?	?	PUNCT
faba-267	527	1	a	a	DET
faba-267	527	2	panel	panel	NOUN
faba-267	527	3	data	data	VERB
faba-267	527	4	analysis	analysis	NOUN
faba-267	527	5	.	.	PUNCT
faba-267	528	1	african	african	ADJ
faba-267	528	2	development	development	PROPN
faba-267	528	3	review	review	PROPN
faba-267	528	4	,	,	PUNCT
faba-267	528	5	28(1	28(1	NOUN
faba-267	528	6	):	):	PUNCT
faba-267	528	7	64–74	64–74	NUM
faba-267	528	8	.	.	PUNCT
faba-267	529	1	https://doi.org/10.1111/1467-8268.12167	https://doi.org/10.1111/1467-8268.12167	ADJ
faba-267	529	2	.	.	PUNCT
faba-267	530	1	zyadat	zyadat	NOUN
faba-267	530	2	,	,	PUNCT
faba-267	530	3	a.	a.	PROPN
faba-267	530	4	a.	a.	PROPN
faba-267	530	5	h.	h.	PROPN
faba-267	530	6	2017	2017	NUM
faba-267	530	7	.	.	PUNCT
faba-267	531	1	the	the	DET
faba-267	531	2	impact	impact	NOUN
faba-267	531	3	of	of	ADP
faba-267	531	4	sustainability	sustainability	NOUN
faba-267	531	5	on	on	ADP
faba-267	531	6	the	the	DET
faba-267	531	7	financial	financial	ADJ
faba-267	531	8	performance	performance	NOUN
faba-267	531	9	of	of	ADP
faba-267	531	10	jordanian	jordanian	ADJ
faba-267	531	11	islamic	islamic	ADJ
faba-267	531	12	banks	bank	NOUN
faba-267	531	13	.	.	PUNCT
faba-267	532	1	international	international	ADJ
faba-267	532	2	journal	journal	PROPN
faba-267	532	3	of	of	ADP
faba-267	532	4	economics	economic	NOUN
faba-267	532	5	and	and	CCONJ
faba-267	532	6	finance	finance	NOUN
faba-267	532	7	,	,	PUNCT
faba-267	532	8	9(1	9(1	NUM
faba-267	532	9	):	):	PUNCT
faba-267	532	10	55–63	55–63	NUM
faba-267	532	11	.	.	PUNCT
faba-267	533	1	https://doi.org/10.5539/ijef.v9n1p55	https://doi.org/10.5539/ijef.v9n1p55	PROPN
faba-267	533	2	.	.	PROPN
faba-267	533	3	https://doi.org/10.38035/dijefa.v2i6.1300	https://doi.org/10.38035/dijefa.v2i6.1300	PROPN
faba-267	533	4	https://doi.org/10.15388/ekon.2019.1.6	https://doi.org/10.15388/ekon.2019.1.6	PROPN
faba-267	533	5	https://doi.org/10.1016/0022-0531(76)90046-6	https://doi.org/10.1016/0022-0531(76)90046-6	PROPN
faba-267	533	6	https://doi.org/10.3126/nrber.v26i2.52578	https://doi.org/10.3126/nrber.v26i2.52578	VERB
faba-267	533	7	https://doi.org/10.1177/2755031123118731	https://doi.org/10.1177/2755031123118731	NOUN
faba-267	533	8	https://doi.org/10.21315/aamj2019.24.2.5	https://doi.org/10.21315/aamj2019.24.2.5	NOUN
faba-267	533	9	https://doi.org/10.1111/1467-8268.12167	https://doi.org/10.1111/1467-8268.12167	ADJ
faba-267	534	1	https://doi.org/10.5539/ijef.v9n1p55	https://doi.org/10.5539/ijef.v9n1p55	PROPN