id	sid	tid	token	lemma	pos
faba-273	1	1	198	198	NUM
faba-273	1	2	finance	finance	NOUN
faba-273	1	3	,	,	PUNCT
faba-273	1	4	accounting	accounting	NOUN
faba-273	1	5	and	and	CCONJ
faba-273	1	6	business	business	NOUN
faba-273	1	7	analysis	analysis	NOUN
faba-273	1	8	volume	volume	NOUN
faba-273	1	9	7	7	NUM
faba-273	1	10	issue	issue	NOUN
faba-273	1	11	2	2	NUM
faba-273	1	12	,	,	PUNCT
faba-273	1	13	2025	2025	NUM
faba-273	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-273	1	15	issn	issn	VERB
faba-273	1	16	2603	2603	NUM
faba-273	1	17	-	-	SYM
faba-273	1	18	5324	5324	NUM
faba-273	1	19	doi	doi	NOUN
faba-273	1	20	:	:	PUNCT
faba-273	1	21	https://doi.org/10.37075/faba.2025.2.06	https://doi.org/10.37075/faba.2025.2.06	NOUN
faba-273	1	22	does	do	VERB
faba-273	1	23	esg	esg	PROPN
faba-273	1	24	compliance	compliance	NOUN
faba-273	1	25	drive	drive	NOUN
faba-273	1	26	commercial	commercial	ADJ
faba-273	1	27	banks	bank	NOUN
faba-273	1	28	stock	stock	NOUN
faba-273	1	29	returns	return	NOUN
faba-273	1	30	?	?	PUNCT
faba-273	2	1	evidence	evidence	NOUN
faba-273	2	2	from	from	ADP
faba-273	2	3	the	the	DET
faba-273	2	4	south	south	ADJ
faba-273	2	5	african	african	ADJ
faba-273	2	6	market	market	NOUN
faba-273	2	7	babatunde	babatunde	NOUN
faba-273	2	8	lawrence1	lawrence1	X
faba-273	2	9	,	,	PUNCT
faba-273	2	10	fabian	fabian	ADJ
faba-273	2	11	moodley2	moodley2	PROPN
faba-273	2	12	*	*	PROPN
faba-273	2	13	north	north	NOUN
faba-273	2	14	-	-	PUNCT
faba-273	2	15	west	west	PROPN
faba-273	2	16	university	university	PROPN
faba-273	2	17	,	,	PUNCT
faba-273	2	18	vanderbijlpark	vanderbijlpark	ADJ
faba-273	2	19	,	,	PUNCT
faba-273	2	20	south	south	PROPN
faba-273	2	21	africa1	africa1	NOUN
faba-273	2	22	north	north	NOUN
faba-273	2	23	-	-	PUNCT
faba-273	2	24	west	west	PROPN
faba-273	2	25	university	university	PROPN
faba-273	2	26	,	,	PUNCT
faba-273	2	27	vanderbijlpark	vanderbijlpark	ADJ
faba-273	2	28	,	,	PUNCT
faba-273	2	29	south	south	ADJ
faba-273	2	30	africa2	africa2	NOUN
faba-273	2	31	*	*	PUNCT
faba-273	2	32	corresponding	correspond	VERB
faba-273	2	33	author	author	NOUN
faba-273	2	34	info	info	NOUN
faba-273	2	35	articles	article	NOUN
faba-273	2	36	abstract	abstract	ADJ
faba-273	2	37	history	history	NOUN
faba-273	2	38	article	article	NOUN
faba-273	2	39	:	:	PUNCT
faba-273	2	40	submitted	submit	VERB
faba-273	2	41	28	28	NUM
faba-273	2	42	march	march	NOUN
faba-273	2	43	2025	2025	NUM
faba-273	2	44	revised	revise	VERB
faba-273	2	45	22	22	NUM
faba-273	2	46	june	june	PROPN
faba-273	2	47	2025	2025	NUM
faba-273	2	48	accepted	accept	VERB
faba-273	2	49	6	6	NUM
faba-273	2	50	august	august	PROPN
faba-273	2	51	2025	2025	NUM
faba-273	2	52	purpose	purpose	NOUN
faba-273	2	53	:	:	PUNCT
faba-273	2	54	the	the	DET
faba-273	2	55	study	study	NOUN
faba-273	2	56	examined	examine	VERB
faba-273	2	57	the	the	DET
faba-273	2	58	effect	effect	NOUN
faba-273	2	59	of	of	ADP
faba-273	2	60	environmental	environmental	ADJ
faba-273	2	61	,	,	PUNCT
faba-273	2	62	social	social	ADJ
faba-273	2	63	and	and	CCONJ
faba-273	2	64	governance	governance	NOUN
faba-273	2	65	(	(	PUNCT
faba-273	2	66	esg	esg	PROPN
faba-273	2	67	)	)	PUNCT
faba-273	2	68	on	on	ADP
faba-273	2	69	the	the	DET
faba-273	2	70	commercial	commercial	ADJ
faba-273	2	71	bank	bank	NOUN
faba-273	2	72	returns	return	NOUN
faba-273	2	73	in	in	ADP
faba-273	2	74	south	south	PROPN
faba-273	2	75	africa	africa	PROPN
faba-273	2	76	.	.	PUNCT
faba-273	3	1	design	design	NOUN
faba-273	3	2	/	/	SYM
faba-273	3	3	methodology	methodology	NOUN
faba-273	3	4	/	/	SYM
faba-273	3	5	approach	approach	NOUN
faba-273	3	6	:	:	PUNCT
faba-273	3	7	the	the	DET
faba-273	3	8	study	study	NOUN
faba-273	3	9	made	make	VERB
faba-273	3	10	use	use	NOUN
faba-273	3	11	of	of	ADP
faba-273	3	12	a	a	DET
faba-273	3	13	cross	cross	ADJ
faba-273	3	14	sectional	sectional	ADJ
faba-273	3	15	panel	panel	NOUN
faba-273	3	16	model	model	NOUN
faba-273	3	17	for	for	ADP
faba-273	3	18	the	the	DET
faba-273	3	19	sample	sample	NOUN
faba-273	3	20	period	period	NOUN
faba-273	3	21	2015	2015	NUM
faba-273	3	22	-	-	SYM
faba-273	3	23	2024	2024	NUM
faba-273	3	24	.	.	PUNCT
faba-273	4	1	the	the	DET
faba-273	4	2	dependent	dependent	ADJ
faba-273	4	3	variable	variable	NOUN
faba-273	4	4	included	include	VERB
faba-273	4	5	five	five	NUM
faba-273	4	6	south	south	ADJ
faba-273	4	7	african	african	ADJ
faba-273	4	8	commercial	commercial	ADJ
faba-273	4	9	banks	bank	NOUN
faba-273	4	10	(	(	PUNCT
faba-273	4	11	absa	absa	PROPN
faba-273	4	12	,	,	PUNCT
faba-273	4	13	standard	standard	ADJ
faba-273	4	14	bank	bank	PROPN
faba-273	4	15	,	,	PUNCT
faba-273	4	16	nedbank	nedbank	PROPN
faba-273	4	17	,	,	PUNCT
faba-273	4	18	capitec	capitec	ADJ
faba-273	4	19	bank	bank	NOUN
faba-273	4	20	and	and	CCONJ
faba-273	4	21	investec	investec	ADJ
faba-273	4	22	bank	bank	NOUN
faba-273	4	23	)	)	PUNCT
faba-273	4	24	and	and	CCONJ
faba-273	4	25	the	the	DET
faba-273	4	26	independent	independent	ADJ
faba-273	4	27	variable	variable	NOUN
faba-273	4	28	comprised	comprise	VERB
faba-273	4	29	of	of	ADP
faba-273	4	30	esg	esg	NOUN
faba-273	4	31	ratings	rating	NOUN
faba-273	4	32	for	for	ADP
faba-273	4	33	each	each	DET
faba-273	4	34	bank	bank	NOUN
faba-273	4	35	.	.	PUNCT
faba-273	5	1	the	the	DET
faba-273	5	2	study	study	NOUN
faba-273	5	3	also	also	ADV
faba-273	5	4	introduced	introduce	VERB
faba-273	5	5	control	control	NOUN
faba-273	5	6	variables	variable	NOUN
faba-273	5	7	in	in	ADP
faba-273	5	8	the	the	DET
faba-273	5	9	form	form	NOUN
faba-273	5	10	of	of	ADP
faba-273	5	11	macroeconomic	macroeconomic	ADJ
faba-273	5	12	variables	variable	NOUN
faba-273	5	13	,	,	PUNCT
faba-273	5	14	namely	namely	ADV
faba-273	5	15	,	,	PUNCT
faba-273	5	16	inflation	inflation	NOUN
faba-273	5	17	,	,	PUNCT
faba-273	5	18	money	money	NOUN
faba-273	5	19	supply	supply	NOUN
faba-273	5	20	,	,	PUNCT
faba-273	5	21	short	short	ADJ
faba-273	5	22	-	-	PUNCT
faba-273	5	23	term	term	NOUN
faba-273	5	24	interest	interest	NOUN
faba-273	5	25	rate	rate	NOUN
faba-273	5	26	,	,	PUNCT
faba-273	5	27	long	long	ADJ
faba-273	5	28	-	-	PUNCT
faba-273	5	29	term	term	NOUN
faba-273	5	30	interest	interest	NOUN
faba-273	5	31	rate	rate	NOUN
faba-273	5	32	,	,	PUNCT
faba-273	5	33	gross	gross	ADJ
faba-273	5	34	domestic	domestic	ADJ
faba-273	5	35	product	product	NOUN
faba-273	5	36	and	and	CCONJ
faba-273	5	37	real	real	ADJ
faba-273	5	38	effective	effective	ADJ
faba-273	5	39	exchange	exchange	NOUN
faba-273	5	40	rate	rate	NOUN
faba-273	5	41	.	.	PUNCT
faba-273	6	1	findings	finding	NOUN
faba-273	6	2	:	:	PUNCT
faba-273	6	3	the	the	DET
faba-273	6	4	findings	finding	NOUN
faba-273	6	5	demonstrate	demonstrate	VERB
faba-273	6	6	that	that	SCONJ
faba-273	6	7	commercial	commercial	ADJ
faba-273	6	8	bank	bank	NOUN
faba-273	6	9	returns	return	NOUN
faba-273	6	10	in	in	ADP
faba-273	6	11	south	south	ADJ
faba-273	6	12	african	african	PROPN
faba-273	6	13	is	be	AUX
faba-273	6	14	negatively	negatively	ADV
faba-273	6	15	affected	affect	VERB
faba-273	6	16	by	by	ADP
faba-273	6	17	esg	esg	PROPN
faba-273	6	18	compliance	compliance	NOUN
faba-273	6	19	.	.	PUNCT
faba-273	7	1	moreover	moreover	ADV
faba-273	7	2	,	,	PUNCT
faba-273	7	3	gross	gross	ADJ
faba-273	7	4	domestic	domestic	ADJ
faba-273	7	5	product	product	NOUN
faba-273	7	6	,	,	PUNCT
faba-273	7	7	short	short	ADJ
faba-273	7	8	-	-	PUNCT
faba-273	7	9	term	term	NOUN
faba-273	7	10	interest	interest	NOUN
faba-273	7	11	rate	rate	NOUN
faba-273	7	12	,	,	PUNCT
faba-273	7	13	long	long	ADJ
faba-273	7	14	-	-	PUNCT
faba-273	7	15	term	term	NOUN
faba-273	7	16	interest	interest	NOUN
faba-273	7	17	rate	rate	NOUN
faba-273	7	18	and	and	CCONJ
faba-273	7	19	real	real	ADJ
faba-273	7	20	effective	effective	ADJ
faba-273	7	21	exchange	exchange	NOUN
faba-273	7	22	rate	rate	NOUN
faba-273	7	23	has	have	VERB
faba-273	7	24	a	a	DET
faba-273	7	25	positive	positive	ADJ
faba-273	7	26	effect	effect	NOUN
faba-273	7	27	on	on	ADP
faba-273	7	28	commercial	commercial	ADJ
faba-273	7	29	bank	bank	NOUN
faba-273	7	30	returns	return	NOUN
faba-273	7	31	.	.	PUNCT
faba-273	8	1	practical	practical	ADJ
faba-273	8	2	implications	implication	NOUN
faba-273	8	3	:	:	PUNCT
faba-273	8	4	firstly	firstly	ADV
faba-273	8	5	,	,	PUNCT
faba-273	8	6	the	the	DET
faba-273	8	7	prudent	prudent	ADJ
faba-273	8	8	authority	authority	NOUN
faba-273	8	9	which	which	PRON
faba-273	8	10	governs	govern	VERB
faba-273	8	11	the	the	DET
faba-273	8	12	financial	financial	ADJ
faba-273	8	13	market	market	NOUN
faba-273	8	14	must	must	AUX
faba-273	8	15	re	re	VERB
faba-273	8	16	-	-	VERB
faba-273	8	17	examine	examine	VERB
faba-273	8	18	policies	policy	NOUN
faba-273	8	19	requiring	require	VERB
faba-273	8	20	south	south	ADJ
faba-273	8	21	african	african	ADJ
faba-273	8	22	commercial	commercial	ADJ
faba-273	8	23	banks	bank	NOUN
faba-273	8	24	to	to	PART
faba-273	8	25	be	be	AUX
faba-273	8	26	esg	esg	NOUN
faba-273	8	27	compliant	compliant	ADJ
faba-273	8	28	as	as	SCONJ
faba-273	8	29	it	it	PRON
faba-273	8	30	reduces	reduce	VERB
faba-273	8	31	the	the	DET
faba-273	8	32	return	return	NOUN
faba-273	8	33	perspective	perspective	NOUN
faba-273	8	34	of	of	ADP
faba-273	8	35	each	each	DET
faba-273	8	36	bank	bank	NOUN
faba-273	8	37	.	.	PUNCT
faba-273	9	1	secondly	secondly	ADV
faba-273	9	2	,	,	PUNCT
faba-273	9	3	the	the	DET
faba-273	9	4	asset	asset	NOUN
faba-273	9	5	-	-	PUNCT
faba-273	9	6	liability	liability	NOUN
faba-273	9	7	committees	committee	NOUN
faba-273	9	8	(	(	PUNCT
faba-273	9	9	alco	alco	NOUN
faba-273	9	10	)	)	PUNCT
faba-273	9	11	of	of	ADP
faba-273	9	12	commercial	commercial	ADJ
faba-273	9	13	banks	bank	NOUN
faba-273	9	14	should	should	AUX
faba-273	9	15	develop	develop	VERB
faba-273	9	16	strategies	strategy	NOUN
faba-273	9	17	that	that	PRON
faba-273	9	18	alters	alter	VERB
faba-273	9	19	the	the	DET
faba-273	9	20	mix	mix	NOUN
faba-273	9	21	of	of	ADP
faba-273	9	22	assets	asset	NOUN
faba-273	9	23	and	and	CCONJ
faba-273	9	24	liabilities	liability	NOUN
faba-273	9	25	to	to	PART
faba-273	9	26	better	well	ADV
faba-273	9	27	manage	manage	VERB
faba-273	9	28	the	the	DET
faba-273	9	29	costs	cost	NOUN
faba-273	9	30	associated	associate	VERB
faba-273	9	31	with	with	ADP
faba-273	9	32	esg	esg	PROPN
faba-273	9	33	compliance	compliance	NOUN
faba-273	9	34	.	.	PUNCT
faba-273	10	1	this	this	DET
faba-273	10	2	way	way	NOUN
faba-273	10	3	they	they	PRON
faba-273	10	4	can	can	AUX
faba-273	10	5	better	well	ADV
faba-273	10	6	manage	manage	VERB
faba-273	10	7	the	the	DET
faba-273	10	8	negative	negative	ADJ
faba-273	10	9	effect	effect	NOUN
faba-273	10	10	of	of	ADP
faba-273	10	11	esg	esg	PROPN
faba-273	10	12	compliance	compliance	NOUN
faba-273	10	13	on	on	ADP
faba-273	10	14	banks	bank	NOUN
faba-273	10	15	returns	return	NOUN
faba-273	10	16	.	.	PUNCT
faba-273	11	1	originality	originality	NOUN
faba-273	11	2	/	/	SYM
faba-273	11	3	value	value	NOUN
faba-273	11	4	:	:	PUNCT
faba-273	11	5	this	this	DET
faba-273	11	6	study	study	NOUN
faba-273	11	7	is	be	AUX
faba-273	11	8	the	the	DET
faba-273	11	9	first	first	ADJ
faba-273	11	10	to	to	PART
faba-273	11	11	consider	consider	VERB
faba-273	11	12	esg	esg	NOUN
faba-273	11	13	compliance	compliance	NOUN
faba-273	11	14	as	as	ADP
faba-273	11	15	a	a	DET
faba-273	11	16	determinant	determinant	NOUN
faba-273	11	17	of	of	ADP
faba-273	11	18	commercial	commercial	ADJ
faba-273	11	19	bank	bank	NOUN
faba-273	11	20	returns	return	NOUN
faba-273	11	21	in	in	ADP
faba-273	11	22	south	south	PROPN
faba-273	11	23	africa	africa	PROPN
faba-273	11	24	.	.	PUNCT
faba-273	12	1	hence	hence	ADV
faba-273	12	2	,	,	PUNCT
faba-273	12	3	the	the	DET
faba-273	12	4	study	study	NOUN
faba-273	12	5	provides	provide	VERB
faba-273	12	6	insight	insight	NOUN
faba-273	12	7	into	into	ADP
faba-273	12	8	the	the	DET
faba-273	12	9	effect	effect	NOUN
faba-273	12	10	between	between	ADP
faba-273	12	11	esg	esg	NOUN
faba-273	12	12	compliance	compliance	NOUN
faba-273	12	13	and	and	CCONJ
faba-273	12	14	commercial	commercial	ADJ
faba-273	12	15	bank	bank	NOUN
faba-273	12	16	returns	return	NOUN
faba-273	12	17	.	.	PUNCT
faba-273	13	1	it	it	PRON
faba-273	13	2	,	,	PUNCT
faba-273	13	3	therefore	therefore	ADV
faba-273	13	4	,	,	PUNCT
faba-273	13	5	contributes	contribute	VERB
faba-273	13	6	to	to	ADP
faba-273	13	7	emerging	emerge	VERB
faba-273	13	8	market	market	NOUN
faba-273	13	9	literature	literature	NOUN
faba-273	13	10	which	which	PRON
faba-273	13	11	is	be	AUX
faba-273	13	12	centred	centre	VERB
faba-273	13	13	on	on	ADP
faba-273	13	14	bank	bank	NOUN
faba-273	13	15	performance	performance	NOUN
faba-273	13	16	as	as	ADP
faba-273	13	17	appose	appose	NOUN
faba-273	13	18	to	to	ADP
faba-273	13	19	bank	bank	NOUN
faba-273	13	20	returns	return	NOUN
faba-273	13	21	.	.	PUNCT
faba-273	14	1	paper	paper	NOUN
faba-273	14	2	type	type	NOUN
faba-273	14	3	:	:	PUNCT
faba-273	14	4	research	research	NOUN
faba-273	14	5	paper	paper	NOUN
faba-273	14	6	keywords	keyword	NOUN
faba-273	14	7	:	:	PUNCT
faba-273	14	8	esg	esg	PROPN
faba-273	14	9	,	,	PUNCT
faba-273	14	10	bank	bank	NOUN
faba-273	14	11	returns	return	NOUN
faba-273	14	12	,	,	PUNCT
faba-273	14	13	south	south	PROPN
faba-273	14	14	africa	africa	PROPN
faba-273	14	15	,	,	PUNCT
faba-273	14	16	panel	panel	NOUN
faba-273	14	17	model	model	NOUN
faba-273	14	18	,	,	PUNCT
faba-273	14	19	macroeconomic	macroeconomic	ADJ
faba-273	14	20	variables	variable	NOUN
faba-273	14	21	.	.	PUNCT
faba-273	15	1	jel	jel	PROPN
faba-273	15	2	:	:	PUNCT
faba-273	15	3	g01	g01	PROPN
faba-273	15	4	,	,	PUNCT
faba-273	15	5	g10	g10	PROPN
faba-273	15	6	,	,	PUNCT
faba-273	15	7	g11	g11	PROPN
faba-273	15	8	.	.	PUNCT
faba-273	15	9	*	*	PUNCT
faba-273	15	10	address	address	NOUN
faba-273	15	11	correspondence	correspondence	NOUN
faba-273	15	12	:	:	PUNCT
faba-273	16	1	e	e	X
faba-273	16	2	-	-	NOUN
faba-273	16	3	mail	mail	NOUN
faba-273	16	4	:	:	PUNCT
faba-273	16	5	217081567@nwu.ac.za1	217081567@nwu.ac.za1	NUM
faba-273	16	6	fabian.moodley@nwu.ac.za2	fabian.moodley@nwu.ac.za2	X
faba-273	16	7	http://faba.bg/	http://faba.bg/	NOUN
faba-273	16	8	https://doi.org/10.37075/faba.2025.2.06	https://doi.org/10.37075/faba.2025.2.06	NOUN
faba-273	16	9	mailto	mailto	NOUN
faba-273	16	10	:	:	PUNCT
faba-273	16	11	fabian.moodley@nwu.ac.za1	fabian.moodley@nwu.ac.za1	PUNCT
faba-273	16	12	mailto:fabian.moodley@nwu.ac.za	mailto:fabian.moodley@nwu.ac.za	PROPN
faba-273	16	13	https://orcid.org/0000-0001-5385-6812	https://orcid.org/0000-0001-5385-6812	VERB
faba-273	16	14	https://orcid.org/0000-0001-8954-4933	https://orcid.org/0000-0001-8954-4933	NOUN
faba-273	16	15	babatunde	babatunde	PROPN
faba-273	16	16	lawrence	lawrence	PROPN
faba-273	16	17	,	,	PUNCT
faba-273	16	18	fabian	fabian	ADJ
faba-273	16	19	moodley/	moodley/	NUM
faba-273	16	20	finance	finance	NOUN
faba-273	16	21	,	,	PUNCT
faba-273	16	22	accounting	accounting	NOUN
faba-273	16	23	and	and	CCONJ
faba-273	16	24	business	business	NOUN
faba-273	16	25	analysis	analysis	NOUN
faba-273	16	26	,	,	PUNCT
faba-273	16	27	volume	volume	NOUN
faba-273	16	28	7	7	NUM
faba-273	16	29	,	,	PUNCT
faba-273	16	30	issue	issue	NOUN
faba-273	16	31	2	2	NUM
faba-273	16	32	,	,	PUNCT
faba-273	16	33	2025	2025	NUM
faba-273	16	34	199	199	NUM
faba-273	16	35	introduction	introduction	NOUN
faba-273	16	36	the	the	DET
faba-273	16	37	banking	banking	NOUN
faba-273	16	38	sector	sector	NOUN
faba-273	16	39	of	of	ADP
faba-273	16	40	south	south	PROPN
faba-273	16	41	africa	africa	PROPN
faba-273	16	42	comprises	comprise	NOUN
faba-273	16	43	of	of	ADP
faba-273	16	44	a	a	DET
faba-273	16	45	central	central	ADJ
faba-273	16	46	bank	bank	NOUN
faba-273	16	47	known	know	VERB
faba-273	16	48	as	as	ADP
faba-273	16	49	the	the	DET
faba-273	16	50	south	south	ADJ
faba-273	16	51	african	african	PROPN
faba-273	16	52	reserve	reserve	PROPN
faba-273	16	53	bank	bank	PROPN
faba-273	16	54	(	(	PUNCT
faba-273	16	55	sarb	sarb	PROPN
faba-273	16	56	)	)	PUNCT
faba-273	16	57	which	which	PRON
faba-273	16	58	oversee	oversee	VERB
faba-273	16	59	the	the	DET
faba-273	16	60	operations	operation	NOUN
faba-273	16	61	of	of	ADP
faba-273	16	62	commercial	commercial	ADJ
faba-273	16	63	banks	bank	NOUN
faba-273	16	64	within	within	ADP
faba-273	16	65	the	the	DET
faba-273	16	66	borders	border	NOUN
faba-273	16	67	of	of	ADP
faba-273	16	68	south	south	PROPN
faba-273	16	69	africa	africa	PROPN
faba-273	16	70	(	(	PUNCT
faba-273	16	71	xulu	xulu	PROPN
faba-273	16	72	2022	2022	NUM
faba-273	16	73	)	)	PUNCT
faba-273	16	74	.	.	PUNCT
faba-273	17	1	the	the	DET
faba-273	17	2	sarb	sarb	PROPN
faba-273	17	3	is	be	AUX
faba-273	17	4	considered	consider	VERB
faba-273	17	5	a	a	DET
faba-273	17	6	systemically	systemically	ADV
faba-273	17	7	important	important	ADJ
faba-273	17	8	bank	bank	NOUN
faba-273	17	9	as	as	ADP
faba-273	17	10	the	the	DET
faba-273	17	11	failure	failure	NOUN
faba-273	17	12	or	or	CCONJ
faba-273	17	13	insolvency	insolvency	NOUN
faba-273	17	14	will	will	AUX
faba-273	17	15	lead	lead	VERB
faba-273	17	16	to	to	ADP
faba-273	17	17	termination	termination	NOUN
faba-273	17	18	in	in	ADP
faba-273	17	19	operations	operation	NOUN
faba-273	17	20	of	of	ADP
faba-273	17	21	commercial	commercial	ADJ
faba-273	17	22	banks	bank	NOUN
faba-273	17	23	.	.	PUNCT
faba-273	18	1	in	in	ADP
faba-273	18	2	south	south	ADJ
faba-273	18	3	african	african	ADJ
faba-273	18	4	there	there	PRON
faba-273	18	5	exist	exist	VERB
faba-273	18	6	various	various	ADJ
faba-273	18	7	commercial	commercial	ADJ
faba-273	18	8	banks	bank	NOUN
faba-273	18	9	that	that	PRON
faba-273	18	10	participate	participate	VERB
faba-273	18	11	in	in	ADP
faba-273	18	12	the	the	DET
faba-273	18	13	banking	banking	NOUN
faba-273	18	14	sector	sector	NOUN
faba-273	18	15	,	,	PUNCT
faba-273	18	16	however	however	ADV
faba-273	18	17	,	,	PUNCT
faba-273	18	18	the	the	DET
faba-273	18	19	five	five	NUM
faba-273	18	20	important	important	ADJ
faba-273	18	21	commercial	commercial	ADJ
faba-273	18	22	banks	bank	NOUN
faba-273	18	23	that	that	PRON
faba-273	18	24	accounts	account	VERB
faba-273	18	25	for	for	ADP
faba-273	18	26	more	more	ADJ
faba-273	18	27	than	than	ADP
faba-273	18	28	80	80	NUM
faba-273	18	29	percent	percent	NOUN
faba-273	18	30	of	of	ADP
faba-273	18	31	banking	banking	NOUN
faba-273	18	32	assets	asset	NOUN
faba-273	18	33	in	in	ADP
faba-273	18	34	south	south	PROPN
faba-273	18	35	africa	africa	PROPN
faba-273	18	36	is	be	AUX
faba-273	18	37	standard	standard	PROPN
faba-273	18	38	bank	bank	NOUN
faba-273	18	39	,	,	PUNCT
faba-273	18	40	absa	absa	PROPN
faba-273	18	41	bank	bank	PROPN
faba-273	18	42	,	,	PUNCT
faba-273	18	43	capitec	capitec	ADJ
faba-273	18	44	bank	bank	NOUN
faba-273	18	45	,	,	PUNCT
faba-273	18	46	nedbank	nedbank	PROPN
faba-273	18	47	and	and	CCONJ
faba-273	18	48	investec	investec	ADJ
faba-273	18	49	bank	bank	NOUN
faba-273	18	50	(	(	PUNCT
faba-273	18	51	ngwenya	ngwenya	NOUN
faba-273	18	52	2022	2022	NUM
faba-273	18	53	)	)	PUNCT
faba-273	18	54	.	.	PUNCT
faba-273	19	1	the	the	DET
faba-273	19	2	duties	duty	NOUN
faba-273	19	3	of	of	ADP
faba-273	19	4	these	these	DET
faba-273	19	5	commercial	commercial	ADJ
faba-273	19	6	banks	bank	NOUN
faba-273	19	7	are	be	AUX
faba-273	19	8	to	to	PART
faba-273	19	9	accept	accept	VERB
faba-273	19	10	money	money	NOUN
faba-273	19	11	in	in	ADP
faba-273	19	12	the	the	DET
faba-273	19	13	form	form	NOUN
faba-273	19	14	of	of	ADP
faba-273	19	15	deposits	deposit	NOUN
faba-273	19	16	and	and	CCONJ
faba-273	19	17	then	then	ADV
faba-273	19	18	use	use	VERB
faba-273	19	19	these	these	DET
faba-273	19	20	deposits	deposit	NOUN
faba-273	19	21	to	to	PART
faba-273	19	22	generate	generate	VERB
faba-273	19	23	loans	loan	NOUN
faba-273	19	24	for	for	ADP
faba-273	19	25	individuals	individual	NOUN
faba-273	19	26	,	,	PUNCT
faba-273	19	27	businesses	business	NOUN
faba-273	19	28	and	and	CCONJ
faba-273	19	29	governments	government	NOUN
faba-273	19	30	(	(	PUNCT
faba-273	19	31	mofokeng	mofokeng	PROPN
faba-273	19	32	and	and	CCONJ
faba-273	19	33	moodley	moodley	NOUN
faba-273	19	34	2025	2025	NUM
faba-273	19	35	)	)	PUNCT
faba-273	19	36	.	.	PUNCT
faba-273	20	1	the	the	DET
faba-273	20	2	profitability	profitability	NOUN
faba-273	20	3	of	of	ADP
faba-273	20	4	commercial	commercial	ADJ
faba-273	20	5	banks	bank	NOUN
faba-273	20	6	is	be	AUX
faba-273	20	7	largely	largely	ADV
faba-273	20	8	dependent	dependent	ADJ
faba-273	20	9	on	on	ADP
faba-273	20	10	the	the	DET
faba-273	20	11	exposure	exposure	NOUN
faba-273	20	12	to	to	ADP
faba-273	20	13	credit	credit	NOUN
faba-273	20	14	risk	risk	NOUN
faba-273	20	15	,	,	PUNCT
faba-273	20	16	operational	operational	ADJ
faba-273	20	17	risk	risk	NOUN
faba-273	20	18	and	and	CCONJ
faba-273	20	19	market	market	NOUN
faba-273	20	20	risk	risk	NOUN
faba-273	20	21	,	,	PUNCT
faba-273	20	22	where	where	SCONJ
faba-273	20	23	such	such	ADJ
faba-273	20	24	exposure	exposure	NOUN
faba-273	20	25	if	if	SCONJ
faba-273	20	26	not	not	PART
faba-273	20	27	correctly	correctly	ADV
faba-273	20	28	identified	identify	VERB
faba-273	20	29	and	and	CCONJ
faba-273	20	30	mitigated	mitigate	VERB
faba-273	20	31	,	,	PUNCT
faba-273	20	32	will	will	AUX
faba-273	20	33	consume	consume	VERB
faba-273	20	34	the	the	DET
faba-273	20	35	capital	capital	NOUN
faba-273	20	36	base	base	NOUN
faba-273	20	37	of	of	ADP
faba-273	20	38	banks	bank	NOUN
faba-273	20	39	and	and	CCONJ
faba-273	20	40	lead	lead	VERB
faba-273	20	41	to	to	ADP
faba-273	20	42	a	a	DET
faba-273	20	43	decrease	decrease	NOUN
faba-273	20	44	in	in	ADP
faba-273	20	45	retained	retain	VERB
faba-273	20	46	earnings	earning	NOUN
faba-273	20	47	,	,	PUNCT
faba-273	20	48	effecting	effect	VERB
faba-273	20	49	share	share	NOUN
faba-273	20	50	prices	price	NOUN
faba-273	20	51	and	and	CCONJ
faba-273	20	52	shareholder	shareholder	NOUN
faba-273	20	53	returns	return	NOUN
faba-273	20	54	(	(	PUNCT
faba-273	20	55	lawrence	lawrence	NOUN
faba-273	20	56	and	and	CCONJ
faba-273	20	57	doorasamy	doorasamy	ADJ
faba-273	20	58	2021	2021	NUM
faba-273	20	59	)	)	PUNCT
faba-273	20	60	.	.	PUNCT
faba-273	21	1	this	this	PRON
faba-273	21	2	was	be	AUX
faba-273	21	3	clearly	clearly	ADV
faba-273	21	4	evident	evident	ADJ
faba-273	21	5	during	during	ADP
faba-273	21	6	the	the	DET
faba-273	21	7	2007/2008	2007/2008	NUM
faba-273	21	8	global	global	ADJ
faba-273	21	9	financial	financial	ADJ
faba-273	21	10	crises	crisis	NOUN
faba-273	21	11	(	(	PUNCT
faba-273	21	12	gfc	gfc	NOUN
faba-273	21	13	)	)	PUNCT
faba-273	21	14	as	as	SCONJ
faba-273	21	15	there	there	PRON
faba-273	21	16	was	be	VERB
faba-273	21	17	excess	excess	ADJ
faba-273	21	18	on	on	ADP
faba-273	21	19	and	and	CCONJ
faba-273	21	20	off	off	ADP
faba-273	21	21	the	the	DET
faba-273	21	22	balance	balance	NOUN
faba-273	21	23	sheet	sheet	NOUN
faba-273	21	24	leverage	leverage	NOUN
faba-273	21	25	of	of	ADP
faba-273	21	26	banks	bank	NOUN
faba-273	21	27	caused	cause	VERB
faba-273	21	28	by	by	ADP
faba-273	21	29	excess	excess	ADJ
faba-273	21	30	lending	lending	NOUN
faba-273	21	31	coupled	couple	VERB
faba-273	21	32	with	with	ADP
faba-273	21	33	enhanced	enhanced	ADJ
faba-273	21	34	client	client	NOUN
faba-273	21	35	default	default	NOUN
faba-273	21	36	(	(	PUNCT
faba-273	21	37	acharya	acharya	NOUN
faba-273	21	38	and	and	CCONJ
faba-273	21	39	richardson	richardson	PROPN
faba-273	21	40	2009	2009	NUM
faba-273	21	41	)	)	PUNCT
faba-273	21	42	.	.	PUNCT
faba-273	22	1	the	the	DET
faba-273	22	2	limited	limited	ADJ
faba-273	22	3	capital	capital	NOUN
faba-273	22	4	regulation	regulation	NOUN
faba-273	22	5	of	of	ADP
faba-273	22	6	banks	bank	NOUN
faba-273	22	7	reduced	reduce	VERB
faba-273	22	8	the	the	DET
faba-273	22	9	commercial	commercial	ADJ
faba-273	22	10	banks	bank	NOUN
faba-273	22	11	'	'	PART
faba-273	22	12	ability	ability	NOUN
faba-273	22	13	to	to	PART
faba-273	22	14	cope	cope	VERB
faba-273	22	15	with	with	ADP
faba-273	22	16	the	the	DET
faba-273	22	17	enhanced	enhanced	ADJ
faba-273	22	18	client	client	NOUN
faba-273	22	19	defaults	default	NOUN
faba-273	22	20	.	.	PUNCT
faba-273	23	1	this	this	PRON
faba-273	23	2	caused	cause	VERB
faba-273	23	3	the	the	DET
faba-273	23	4	south	south	ADJ
faba-273	23	5	african	african	ADJ
faba-273	23	6	banking	banking	NOUN
faba-273	23	7	sector	sector	NOUN
faba-273	23	8	to	to	PART
faba-273	23	9	become	become	VERB
faba-273	23	10	highly	highly	ADV
faba-273	23	11	volatile	volatile	ADJ
faba-273	23	12	,	,	PUNCT
faba-273	23	13	such	such	ADJ
faba-273	23	14	that	that	SCONJ
faba-273	23	15	banking	banking	NOUN
faba-273	23	16	returns	return	NOUN
faba-273	23	17	fell	fall	VERB
faba-273	23	18	in	in	ADP
faba-273	23	19	value	value	NOUN
faba-273	23	20	,	,	PUNCT
faba-273	23	21	and	and	CCONJ
faba-273	23	22	the	the	DET
faba-273	23	23	bearish	bearish	ADJ
faba-273	23	24	market	market	NOUN
faba-273	23	25	condition	condition	NOUN
faba-273	23	26	prevailed	prevail	VERB
faba-273	23	27	(	(	PUNCT
faba-273	23	28	luchtenberg	luchtenberg	PROPN
faba-273	23	29	and	and	CCONJ
faba-273	23	30	vu	vu	PROPN
faba-273	23	31	2015	2015	NUM
faba-273	23	32	)	)	PUNCT
faba-273	23	33	.	.	PUNCT
faba-273	24	1	the	the	DET
faba-273	24	2	inability	inability	NOUN
faba-273	24	3	of	of	ADP
faba-273	24	4	commercial	commercial	ADJ
faba-273	24	5	banks	bank	NOUN
faba-273	24	6	to	to	PART
faba-273	24	7	mitigate	mitigate	VERB
faba-273	24	8	the	the	DET
faba-273	24	9	gfc	gfc	NOUN
faba-273	24	10	resulted	result	VERB
faba-273	24	11	in	in	ADP
faba-273	24	12	the	the	DET
faba-273	24	13	basel	basel	PROPN
faba-273	24	14	committee	committee	PROPN
faba-273	24	15	on	on	ADP
faba-273	24	16	banking	banking	NOUN
faba-273	24	17	supervision	supervision	NOUN
faba-273	24	18	(	(	PUNCT
faba-273	24	19	bcbs	bcbs	PROPN
faba-273	24	20	)	)	PUNCT
faba-273	24	21	developing	develop	VERB
faba-273	24	22	the	the	DET
faba-273	24	23	basel	basel	PROPN
faba-273	24	24	iii	iii	PROPN
faba-273	24	25	accord	accord	NOUN
faba-273	24	26	to	to	PART
faba-273	24	27	strengthen	strengthen	VERB
faba-273	24	28	commercial	commercial	ADJ
faba-273	24	29	banks	bank	NOUN
faba-273	24	30	resilience	resilience	NOUN
faba-273	24	31	to	to	ADP
faba-273	24	32	financial	financial	ADJ
faba-273	24	33	market	market	NOUN
faba-273	24	34	uncertainty	uncertainty	NOUN
faba-273	24	35	(	(	PUNCT
faba-273	24	36	fratianni	fratianni	NOUN
faba-273	24	37	and	and	CCONJ
faba-273	24	38	pattison	pattison	NOUN
faba-273	24	39	2015	2015	NUM
faba-273	24	40	)	)	PUNCT
faba-273	24	41	.	.	PUNCT
faba-273	25	1	until	until	ADP
faba-273	25	2	recently	recently	ADV
faba-273	25	3	,	,	PUNCT
faba-273	25	4	investors	investor	NOUN
faba-273	25	5	are	be	AUX
faba-273	25	6	no	no	ADV
faba-273	25	7	longer	long	ADV
faba-273	25	8	looking	look	VERB
faba-273	25	9	at	at	ADP
faba-273	25	10	commercial	commercial	ADJ
faba-273	25	11	banks	bank	NOUN
faba-273	25	12	’	'	PUNCT
faba-273	25	13	ability	ability	NOUN
faba-273	25	14	to	to	PART
faba-273	25	15	mitigate	mitigate	VERB
faba-273	25	16	financial	financial	ADJ
faba-273	25	17	market	market	NOUN
faba-273	25	18	uncertainty	uncertainty	NOUN
faba-273	25	19	,	,	PUNCT
faba-273	25	20	rather	rather	ADV
faba-273	25	21	,	,	PUNCT
faba-273	25	22	they	they	PRON
faba-273	25	23	are	be	AUX
faba-273	25	24	now	now	ADV
faba-273	25	25	interested	interested	ADJ
faba-273	25	26	in	in	ADP
faba-273	25	27	the	the	DET
faba-273	25	28	environmental	environmental	ADJ
faba-273	25	29	,	,	PUNCT
faba-273	25	30	social	social	ADJ
faba-273	25	31	and	and	CCONJ
faba-273	25	32	governance	governance	NOUN
faba-273	25	33	(	(	PUNCT
faba-273	25	34	esg	esg	NOUN
faba-273	25	35	)	)	PUNCT
faba-273	25	36	compliance	compliance	NOUN
faba-273	25	37	of	of	ADP
faba-273	25	38	commercial	commercial	ADJ
faba-273	25	39	banks	bank	NOUN
faba-273	25	40	.	.	PUNCT
faba-273	26	1	the	the	DET
faba-273	26	2	environmental	environmental	ADJ
faba-273	26	3	pillar	pillar	NOUN
faba-273	26	4	focuses	focus	VERB
faba-273	26	5	on	on	ADP
faba-273	26	6	the	the	DET
faba-273	26	7	commercial	commercial	ADJ
faba-273	26	8	banks	bank	NOUN
faba-273	26	9	impact	impact	NOUN
faba-273	26	10	on	on	ADP
faba-273	26	11	the	the	DET
faba-273	26	12	natural	natural	ADJ
faba-273	26	13	world	world	NOUN
faba-273	26	14	,	,	PUNCT
faba-273	26	15	such	such	ADJ
faba-273	26	16	as	as	ADP
faba-273	26	17	climate	climate	NOUN
faba-273	26	18	change	change	NOUN
faba-273	26	19	,	,	PUNCT
faba-273	26	20	pollution	pollution	NOUN
faba-273	26	21	,	,	PUNCT
faba-273	26	22	resource	resource	NOUN
faba-273	26	23	management	management	NOUN
faba-273	26	24	and	and	CCONJ
faba-273	26	25	waste	waste	NOUN
faba-273	26	26	reduction	reduction	NOUN
faba-273	26	27	(	(	PUNCT
faba-273	26	28	clément	clément	NOUN
faba-273	26	29	et	et	PROPN
faba-273	26	30	al	al	PROPN
faba-273	26	31	.	.	PROPN
faba-273	26	32	2025	2025	NUM
faba-273	26	33	)	)	PUNCT
faba-273	26	34	.	.	PUNCT
faba-273	27	1	the	the	DET
faba-273	27	2	social	social	ADJ
faba-273	27	3	factor	factor	NOUN
faba-273	27	4	highlights	highlight	VERB
faba-273	27	5	the	the	DET
faba-273	27	6	relationship	relationship	NOUN
faba-273	27	7	the	the	DET
faba-273	27	8	commercial	commercial	ADJ
faba-273	27	9	banks	bank	NOUN
faba-273	27	10	have	have	VERB
faba-273	27	11	with	with	ADP
faba-273	27	12	its	its	PRON
faba-273	27	13	employees	employee	NOUN
faba-273	27	14	,	,	PUNCT
faba-273	27	15	customers	customer	NOUN
faba-273	27	16	,	,	PUNCT
faba-273	27	17	communities	community	NOUN
faba-273	27	18	and	and	CCONJ
faba-273	27	19	other	other	ADJ
faba-273	27	20	stakeholders	stakeholder	NOUN
faba-273	27	21	(	(	PUNCT
faba-273	27	22	martiny	martiny	PROPN
faba-273	27	23	et	et	PROPN
faba-273	27	24	al	al	PROPN
faba-273	27	25	.	.	PROPN
faba-273	27	26	2024	2024	NUM
faba-273	27	27	)	)	PUNCT
faba-273	27	28	.	.	PUNCT
faba-273	28	1	the	the	DET
faba-273	28	2	primary	primary	ADJ
faba-273	28	3	focus	focus	NOUN
faba-273	28	4	is	be	AUX
faba-273	28	5	considering	consider	VERB
faba-273	28	6	factors	factor	NOUN
faba-273	28	7	like	like	ADP
faba-273	28	8	labor	labor	NOUN
faba-273	28	9	practices	practice	NOUN
faba-273	28	10	,	,	PUNCT
faba-273	28	11	diversity	diversity	NOUN
faba-273	28	12	and	and	CCONJ
faba-273	28	13	inclusion	inclusion	NOUN
faba-273	28	14	,	,	PUNCT
faba-273	28	15	human	human	ADJ
faba-273	28	16	rights	right	NOUN
faba-273	28	17	,	,	PUNCT
faba-273	28	18	and	and	CCONJ
faba-273	28	19	community	community	NOUN
faba-273	28	20	engagement	engagement	NOUN
faba-273	28	21	(	(	PUNCT
faba-273	28	22	chopra	chopra	PROPN
faba-273	28	23	et	et	PROPN
faba-273	28	24	al	al	PROPN
faba-273	28	25	.	.	PROPN
faba-273	28	26	2024	2024	NUM
faba-273	28	27	)	)	PUNCT
faba-273	28	28	.	.	PUNCT
faba-273	29	1	the	the	DET
faba-273	29	2	last	last	ADJ
faba-273	29	3	factor	factor	NOUN
faba-273	29	4	,	,	PUNCT
faba-273	29	5	governance	governance	NOUN
faba-273	29	6	,	,	PUNCT
faba-273	29	7	focuses	focus	VERB
faba-273	29	8	on	on	ADP
faba-273	29	9	the	the	DET
faba-273	29	10	systems	system	NOUN
faba-273	29	11	and	and	CCONJ
faba-273	29	12	structures	structure	NOUN
faba-273	29	13	that	that	PRON
faba-273	29	14	guide	guide	VERB
faba-273	29	15	a	a	DET
faba-273	29	16	company	company	NOUN
faba-273	29	17	's	's	PART
faba-273	29	18	operations	operation	NOUN
faba-273	29	19	and	and	CCONJ
faba-273	29	20	decision	decision	NOUN
faba-273	29	21	-	-	PUNCT
faba-273	29	22	making	making	NOUN
faba-273	29	23	,	,	PUNCT
faba-273	29	24	including	include	VERB
faba-273	29	25	board	board	NOUN
faba-273	29	26	composition	composition	NOUN
faba-273	29	27	,	,	PUNCT
faba-273	29	28	executive	executive	NOUN
faba-273	29	29	compensation	compensation	NOUN
faba-273	29	30	,	,	PUNCT
faba-273	29	31	shareholder	shareholder	NOUN
faba-273	29	32	rights	right	NOUN
faba-273	29	33	,	,	PUNCT
faba-273	29	34	transparency	transparency	NOUN
faba-273	29	35	,	,	PUNCT
faba-273	29	36	and	and	CCONJ
faba-273	29	37	ethical	ethical	ADJ
faba-273	29	38	business	business	NOUN
faba-273	29	39	practices	practice	NOUN
faba-273	29	40	(	(	PUNCT
faba-273	29	41	he	he	PRON
faba-273	29	42	et	et	PROPN
faba-273	29	43	al	al	PROPN
faba-273	29	44	.	.	PROPN
faba-273	29	45	2024	2024	NUM
faba-273	29	46	)	)	PUNCT
faba-273	29	47	.	.	PUNCT
faba-273	30	1	for	for	ADP
faba-273	30	2	instance	instance	NOUN
faba-273	30	3	,	,	PUNCT
faba-273	30	4	moodley	moodley	PROPN
faba-273	30	5	et	et	PROPN
faba-273	30	6	al	al	PROPN
faba-273	30	7	.	.	PROPN
faba-273	31	1	(	(	PUNCT
faba-273	31	2	2024	2024	NUM
faba-273	31	3	)	)	PUNCT
faba-273	31	4	found	find	VERB
faba-273	31	5	that	that	SCONJ
faba-273	31	6	investors	investor	NOUN
faba-273	31	7	in	in	ADP
faba-273	31	8	south	south	PROPN
faba-273	31	9	africa	africa	PROPN
faba-273	31	10	have	have	AUX
faba-273	31	11	become	become	VERB
faba-273	31	12	more	more	ADV
faba-273	31	13	conscious	conscious	ADJ
faba-273	31	14	to	to	ADP
faba-273	31	15	sustainable	sustainable	ADJ
faba-273	31	16	finance	finance	NOUN
faba-273	31	17	,	,	PUNCT
faba-273	31	18	whereby	whereby	SCONJ
faba-273	31	19	they	they	PRON
faba-273	31	20	are	be	AUX
faba-273	31	21	looking	look	VERB
faba-273	31	22	for	for	ADP
faba-273	31	23	banks	bank	NOUN
faba-273	31	24	that	that	PRON
faba-273	31	25	are	be	AUX
faba-273	31	26	esg	esg	PROPN
faba-273	31	27	compliant	compliant	ADJ
faba-273	31	28	.	.	PUNCT
faba-273	32	1	this	this	PRON
faba-273	32	2	implies	imply	VERB
faba-273	32	3	that	that	SCONJ
faba-273	32	4	investors	investor	NOUN
faba-273	32	5	are	be	AUX
faba-273	32	6	reluctant	reluctant	ADJ
faba-273	32	7	to	to	PART
faba-273	32	8	hold	hold	VERB
faba-273	32	9	deposits	deposit	NOUN
faba-273	32	10	with	with	ADP
faba-273	32	11	non	non	ADJ
faba-273	32	12	-	-	ADJ
faba-273	32	13	compliant	compliant	ADJ
faba-273	32	14	commercial	commercial	ADJ
faba-273	32	15	banks	bank	NOUN
faba-273	32	16	,	,	PUNCT
faba-273	32	17	which	which	PRON
faba-273	32	18	effects	effect	VERB
faba-273	32	19	banks	bank	NOUN
faba-273	32	20	operations	operation	NOUN
faba-273	32	21	and	and	CCONJ
faba-273	32	22	ultimately	ultimately	ADV
faba-273	32	23	commercial	commercial	ADJ
faba-273	32	24	bank	bank	NOUN
faba-273	32	25	returns	return	NOUN
faba-273	32	26	(	(	PUNCT
faba-273	32	27	moodley	moodley	NOUN
faba-273	32	28	et	et	PROPN
faba-273	32	29	al	al	PROPN
faba-273	32	30	.	.	PROPN
faba-273	32	31	2024	2024	NUM
faba-273	32	32	)	)	PUNCT
faba-273	32	33	.	.	PUNCT
faba-273	33	1	consequently	consequently	ADV
faba-273	33	2	,	,	PUNCT
faba-273	33	3	the	the	DET
faba-273	33	4	responsible	responsible	ADJ
faba-273	33	5	investor	investor	NOUN
faba-273	33	6	behavior	behavior	NOUN
faba-273	33	7	has	have	AUX
faba-273	33	8	over	over	ADP
faba-273	33	9	the	the	DET
faba-273	33	10	years	year	NOUN
faba-273	33	11	forced	force	VERB
faba-273	33	12	commercial	commercial	ADJ
faba-273	33	13	banks	bank	NOUN
faba-273	33	14	to	to	PART
faba-273	33	15	foster	foster	VERB
faba-273	33	16	in	in	ADP
faba-273	33	17	esg	esg	PROPN
faba-273	33	18	principles	principle	NOUN
faba-273	33	19	in	in	ADP
faba-273	33	20	the	the	DET
faba-273	33	21	daily	daily	ADJ
faba-273	33	22	operations	operation	NOUN
faba-273	33	23	to	to	PART
faba-273	33	24	ensure	ensure	VERB
faba-273	33	25	they	they	PRON
faba-273	33	26	maintain	maintain	VERB
faba-273	33	27	their	their	PRON
faba-273	33	28	investor	investor	NOUN
faba-273	33	29	base	base	NOUN
faba-273	33	30	and	and	CCONJ
faba-273	33	31	share	share	NOUN
faba-273	33	32	price	price	NOUN
faba-273	33	33	stability	stability	NOUN
faba-273	33	34	(	(	PUNCT
faba-273	33	35	folqué	folqué	NOUN
faba-273	33	36	et	et	PROPN
faba-273	33	37	al	al	PROPN
faba-273	33	38	.	.	PROPN
faba-273	33	39	2021	2021	NUM
faba-273	33	40	)	)	PUNCT
faba-273	33	41	.	.	PUNCT
faba-273	34	1	this	this	PRON
faba-273	34	2	requires	require	VERB
faba-273	34	3	commercial	commercial	ADJ
faba-273	34	4	banks	bank	NOUN
faba-273	34	5	to	to	PART
faba-273	34	6	comply	comply	VERB
faba-273	34	7	with	with	ADP
faba-273	34	8	all	all	DET
faba-273	34	9	government	government	NOUN
faba-273	34	10	regulations	regulation	NOUN
faba-273	34	11	pertaining	pertain	VERB
faba-273	34	12	to	to	ADP
faba-273	34	13	each	each	DET
faba-273	34	14	pillar	pillar	NOUN
faba-273	34	15	of	of	ADP
faba-273	34	16	the	the	DET
faba-273	34	17	esg	esg	NOUN
faba-273	34	18	framework	framework	NOUN
faba-273	34	19	,	,	PUNCT
faba-273	34	20	failure	failure	NOUN
faba-273	34	21	to	to	PART
faba-273	34	22	do	do	AUX
faba-273	34	23	so	so	ADV
faba-273	34	24	will	will	AUX
faba-273	34	25	result	result	VERB
faba-273	34	26	in	in	ADP
faba-273	34	27	the	the	DET
faba-273	34	28	commercial	commercial	ADJ
faba-273	34	29	bank	bank	NOUN
faba-273	34	30	being	be	AUX
faba-273	34	31	non	non	ADJ
faba-273	34	32	-	-	ADJ
faba-273	34	33	compliant	compliant	ADJ
faba-273	34	34	(	(	PUNCT
faba-273	34	35	minkkinen	minkkinen	PROPN
faba-273	34	36	et	et	PROPN
faba-273	34	37	al	al	PROPN
faba-273	34	38	.	.	PROPN
faba-273	34	39	2024	2024	NUM
faba-273	34	40	)	)	PUNCT
faba-273	34	41	.	.	PUNCT
faba-273	35	1	in	in	ADP
faba-273	35	2	attempt	attempt	NOUN
faba-273	35	3	to	to	PART
faba-273	35	4	understand	understand	VERB
faba-273	35	5	this	this	DET
faba-273	35	6	phenomenon	phenomenon	NOUN
faba-273	35	7	of	of	ADP
faba-273	35	8	esg	esg	PROPN
faba-273	35	9	compliance	compliance	NOUN
faba-273	35	10	,	,	PUNCT
faba-273	35	11	many	many	ADJ
faba-273	35	12	academics	academic	NOUN
faba-273	35	13	attempt	attempt	VERB
faba-273	35	14	to	to	PART
faba-273	35	15	examine	examine	VERB
faba-273	35	16	the	the	DET
faba-273	35	17	relationship	relationship	NOUN
faba-273	35	18	between	between	ADP
faba-273	35	19	esg	esg	PROPN
faba-273	35	20	and	and	CCONJ
faba-273	35	21	commercial	commercial	ADJ
faba-273	35	22	banks	bank	NOUN
faba-273	35	23	returns	return	NOUN
faba-273	35	24	.	.	PUNCT
faba-273	36	1	however	however	ADV
faba-273	36	2	,	,	PUNCT
faba-273	36	3	majority	majority	NOUN
faba-273	36	4	of	of	ADP
faba-273	36	5	literature	literature	NOUN
faba-273	36	6	is	be	AUX
faba-273	36	7	centred	centre	VERB
faba-273	36	8	around	around	ADP
faba-273	36	9	international	international	ADJ
faba-273	36	10	commercial	commercial	ADJ
faba-273	36	11	banks	bank	NOUN
faba-273	36	12	,	,	PUNCT
faba-273	36	13	with	with	ADP
faba-273	36	14	no	no	DET
faba-273	36	15	study	study	NOUN
faba-273	36	16	considering	consider	VERB
faba-273	36	17	south	south	ADJ
faba-273	36	18	african	african	ADJ
faba-273	36	19	commercial	commercial	ADJ
faba-273	36	20	banks	bank	NOUN
faba-273	36	21	,	,	PUNCT
faba-273	36	22	despite	despite	SCONJ
faba-273	36	23	the	the	DET
faba-273	36	24	importance	importance	NOUN
faba-273	36	25	of	of	ADP
faba-273	36	26	sustainable	sustainable	ADJ
faba-273	36	27	investing	investing	NOUN
faba-273	36	28	(	(	PUNCT
faba-273	36	29	carnevale	carnevale	NOUN
faba-273	36	30	and	and	CCONJ
faba-273	36	31	mazzuca	mazzuca	NOUN
faba-273	36	32	2014	2014	NUM
faba-273	36	33	;	;	PUNCT
faba-273	36	34	miralles	miralle	NOUN
faba-273	36	35	-	-	PUNCT
faba-273	36	36	quirós	quirós	ADJ
faba-273	36	37	,	,	PUNCT
faba-273	36	38	miralles	miralle	NOUN
faba-273	36	39	-	-	PUNCT
faba-273	36	40	quirós	quirós	NOUN
faba-273	36	41	and	and	CCONJ
faba-273	36	42	redondo‐hernández	redondo‐hernández	PROPN
faba-273	36	43	2019	2019	NUM
faba-273	36	44	;	;	PUNCT
faba-273	36	45	ersoy	ersoy	PROPN
faba-273	36	46	et	et	PROPN
faba-273	36	47	al	al	PROPN
faba-273	36	48	.	.	PROPN
faba-273	36	49	2022	2022	NUM
faba-273	36	50	)	)	PUNCT
faba-273	36	51	.	.	PUNCT
faba-273	37	1	moreover	moreover	ADV
faba-273	37	2	,	,	PUNCT
faba-273	37	3	literature	literature	NOUN
faba-273	37	4	demonstrates	demonstrate	VERB
faba-273	37	5	conflicting	conflicting	ADJ
faba-273	37	6	findings	finding	NOUN
faba-273	37	7	,	,	PUNCT
faba-273	37	8	such	such	ADJ
faba-273	37	9	that	that	SCONJ
faba-273	37	10	certain	certain	ADJ
faba-273	37	11	academics	academic	NOUN
faba-273	37	12	find	find	VERB
faba-273	37	13	that	that	SCONJ
faba-273	37	14	esg	esg	NOUN
faba-273	37	15	compliance	compliance	NOUN
faba-273	37	16	enhance	enhance	VERB
faba-273	37	17	banks	bank	NOUN
faba-273	37	18	returns	return	NOUN
faba-273	37	19	whereas	whereas	SCONJ
faba-273	37	20	other	other	ADJ
faba-273	37	21	academics	academic	NOUN
faba-273	37	22	demonstrate	demonstrate	VERB
faba-273	37	23	that	that	SCONJ
faba-273	37	24	esg	esg	PROPN
faba-273	37	25	compliance	compliance	NOUN
faba-273	37	26	negatively	negatively	ADV
faba-273	37	27	effects	effect	NOUN
faba-273	37	28	commercial	commercial	ADJ
faba-273	37	29	bank	bank	NOUN
faba-273	37	30	returns	return	NOUN
faba-273	37	31	.	.	PUNCT
faba-273	38	1	consequently	consequently	ADV
faba-273	38	2	,	,	PUNCT
faba-273	38	3	there	there	PRON
faba-273	38	4	is	be	VERB
faba-273	38	5	no	no	DET
faba-273	38	6	consensus	consensus	NOUN
faba-273	38	7	on	on	ADP
faba-273	38	8	whether	whether	SCONJ
faba-273	38	9	esg	esg	PROPN
faba-273	38	10	compliance	compliance	NOUN
faba-273	38	11	influences	influence	VERB
faba-273	38	12	commercial	commercial	ADJ
faba-273	38	13	bank	bank	NOUN
faba-273	38	14	returns	return	NOUN
faba-273	38	15	and	and	CCONJ
faba-273	38	16	if	if	SCONJ
faba-273	38	17	such	such	ADJ
faba-273	38	18	compliance	compliance	NOUN
faba-273	38	19	drives	drive	VERB
faba-273	38	20	commercial	commercial	ADJ
faba-273	38	21	bank	bank	NOUN
faba-273	38	22	returns	return	NOUN
faba-273	38	23	.	.	PUNCT
faba-273	39	1	accordingly	accordingly	ADV
faba-273	39	2	,	,	PUNCT
faba-273	39	3	to	to	PART
faba-273	39	4	contribute	contribute	VERB
faba-273	39	5	to	to	ADP
faba-273	39	6	the	the	DET
faba-273	39	7	debate	debate	NOUN
faba-273	39	8	and	and	CCONJ
faba-273	39	9	rectify	rectify	VERB
faba-273	39	10	the	the	DET
faba-273	39	11	inconclusive	inconclusive	ADJ
faba-273	39	12	findings	finding	NOUN
faba-273	39	13	,	,	PUNCT
faba-273	39	14	this	this	DET
faba-273	39	15	study	study	NOUN
faba-273	39	16	examines	examine	VERB
faba-273	39	17	the	the	DET
faba-273	39	18	effect	effect	NOUN
faba-273	39	19	of	of	ADP
faba-273	39	20	esg	esg	PROPN
faba-273	39	21	on	on	ADP
faba-273	39	22	south	south	ADJ
faba-273	39	23	african	african	ADJ
faba-273	39	24	commercial	commercial	ADJ
faba-273	39	25	bank	bank	NOUN
faba-273	39	26	returns	return	NOUN
faba-273	39	27	.	.	PUNCT
faba-273	40	1	the	the	DET
faba-273	40	2	achievement	achievement	NOUN
faba-273	40	3	of	of	ADP
faba-273	40	4	the	the	DET
faba-273	40	5	research	research	NOUN
faba-273	40	6	objective	objective	NOUN
faba-273	40	7	contributes	contribute	VERB
faba-273	40	8	to	to	ADP
faba-273	40	9	literature	literature	NOUN
faba-273	40	10	in	in	ADP
faba-273	40	11	various	various	ADJ
faba-273	40	12	ways	way	NOUN
faba-273	40	13	.	.	PUNCT
faba-273	41	1	firstly	firstly	ADV
faba-273	41	2	,	,	PUNCT
faba-273	41	3	this	this	DET
faba-273	41	4	study	study	NOUN
faba-273	41	5	introduces	introduce	VERB
faba-273	41	6	a	a	DET
faba-273	41	7	new	new	ADJ
faba-273	41	8	concept	concept	NOUN
faba-273	41	9	to	to	ADP
faba-273	41	10	the	the	DET
faba-273	41	11	south	south	ADJ
faba-273	41	12	african	african	ADJ
faba-273	41	13	banking	banking	NOUN
faba-273	41	14	sector	sector	NOUN
faba-273	41	15	returns	return	NOUN
faba-273	41	16	,	,	PUNCT
faba-273	41	17	known	know	VERB
faba-273	41	18	as	as	ADP
faba-273	41	19	esg	esg	PROPN
faba-273	41	20	,	,	PUNCT
faba-273	41	21	which	which	PRON
faba-273	41	22	is	be	AUX
faba-273	41	23	yet	yet	ADV
faba-273	41	24	to	to	PART
faba-273	41	25	be	be	AUX
faba-273	41	26	done	do	VERB
faba-273	41	27	,	,	PUNCT
faba-273	41	28	therefore	therefore	ADV
faba-273	41	29	broadening	broaden	VERB
faba-273	41	30	the	the	DET
faba-273	41	31	empirical	empirical	ADJ
faba-273	41	32	base	base	NOUN
faba-273	41	33	given	give	VERB
faba-273	41	34	the	the	DET
faba-273	41	35	evolution	evolution	NOUN
faba-273	41	36	to	to	PART
faba-273	41	37	stainable	stainable	VERB
faba-273	41	38	investing	investing	NOUN
faba-273	41	39	.	.	PUNCT
faba-273	42	1	secondly	secondly	ADV
faba-273	42	2	,	,	PUNCT
faba-273	42	3	this	this	DET
faba-273	42	4	study	study	NOUN
faba-273	42	5	provides	provide	VERB
faba-273	42	6	evidence	evidence	NOUN
faba-273	42	7	of	of	ADP
faba-273	42	8	the	the	DET
faba-273	42	9	relationship	relationship	NOUN
faba-273	42	10	between	between	ADP
faba-273	42	11	esg	esg	PROPN
faba-273	42	12	compliance	compliance	NOUN
faba-273	42	13	and	and	CCONJ
faba-273	42	14	commercial	commercial	ADJ
faba-273	42	15	bank	bank	NOUN
faba-273	42	16	returns	return	NOUN
faba-273	42	17	,	,	PUNCT
faba-273	42	18	therefore	therefore	ADV
faba-273	42	19	,	,	PUNCT
faba-273	42	20	the	the	DET
faba-273	42	21	banking	banking	NOUN
faba-273	42	22	supervisory	supervisory	ADJ
faba-273	42	23	department	department	NOUN
faba-273	42	24	can	can	AUX
faba-273	42	25	use	use	VERB
faba-273	42	26	the	the	DET
faba-273	42	27	findings	finding	NOUN
faba-273	42	28	to	to	PART
faba-273	42	29	make	make	VERB
faba-273	42	30	more	more	ADV
faba-273	42	31	informed	informed	ADJ
faba-273	42	32	decisions	decision	NOUN
faba-273	42	33	on	on	ADP
faba-273	42	34	esg	esg	PROPN
faba-273	42	35	initiatives	initiative	NOUN
faba-273	42	36	.	.	PUNCT
faba-273	43	1	thirdly	thirdly	ADV
faba-273	43	2	,	,	PUNCT
faba-273	43	3	the	the	DET
faba-273	43	4	findings	finding	NOUN
faba-273	43	5	may	may	AUX
faba-273	43	6	assist	assist	VERB
faba-273	43	7	investors	investor	NOUN
faba-273	43	8	,	,	PUNCT
faba-273	43	9	if	if	SCONJ
faba-273	43	10	it	it	PRON
faba-273	43	11	is	be	AUX
faba-273	43	12	found	find	VERB
faba-273	43	13	that	that	SCONJ
faba-273	43	14	esg	esg	PROPN
faba-273	43	15	drives	drive	VERB
faba-273	43	16	commercial	commercial	ADJ
faba-273	43	17	bank	bank	NOUN
faba-273	43	18	returns	return	NOUN
faba-273	43	19	,	,	PUNCT
faba-273	43	20	then	then	ADV
faba-273	43	21	investors	investor	NOUN
faba-273	43	22	need	need	VERB
faba-273	43	23	to	to	PART
faba-273	43	24	consider	consider	VERB
faba-273	43	25	esg	esg	NOUN
faba-273	43	26	principles	principle	NOUN
faba-273	43	27	in	in	ADP
faba-273	43	28	their	their	PRON
faba-273	43	29	investment	investment	NOUN
faba-273	43	30	strategies	strategy	NOUN
faba-273	43	31	as	as	SCONJ
faba-273	43	32	it	it	PRON
faba-273	43	33	will	will	AUX
faba-273	43	34	result	result	VERB
faba-273	43	35	in	in	ADP
faba-273	43	36	enhanced	enhanced	ADJ
faba-273	43	37	returns	return	NOUN
faba-273	43	38	,	,	PUNCT
faba-273	43	39	the	the	DET
faba-273	43	40	opposite	opposite	ADJ
faba-273	43	41	holds	hold	VERB
faba-273	43	42	true	true	ADJ
faba-273	43	43	as	as	ADV
faba-273	43	44	well	well	ADV
faba-273	43	45	.	.	PUNCT
faba-273	44	1	lastly	lastly	ADV
faba-273	44	2	,	,	PUNCT
faba-273	44	3	the	the	DET
faba-273	44	4	findings	finding	NOUN
faba-273	44	5	will	will	AUX
faba-273	44	6	assist	assist	VERB
faba-273	44	7	policy	policy	NOUN
faba-273	44	8	makers	maker	NOUN
faba-273	44	9	in	in	ADP
faba-273	44	10	making	make	VERB
faba-273	44	11	more	more	ADV
faba-273	44	12	informed	informed	ADJ
faba-273	44	13	decisions	decision	NOUN
faba-273	44	14	on	on	ADP
faba-273	44	15	policies	policy	NOUN
faba-273	44	16	governing	govern	VERB
faba-273	44	17	esg	esg	NOUN
faba-273	44	18	compliance	compliance	NOUN
faba-273	44	19	of	of	ADP
faba-273	44	20	commercial	commercial	ADJ
faba-273	44	21	banks	bank	NOUN
faba-273	44	22	,	,	PUNCT
faba-273	44	23	such	such	ADJ
faba-273	44	24	that	that	SCONJ
faba-273	44	25	policies	policy	NOUN
faba-273	44	26	should	should	AUX
faba-273	44	27	be	be	AUX
faba-273	44	28	either	either	CCONJ
faba-273	44	29	relaxed	relaxed	ADJ
faba-273	44	30	or	or	CCONJ
faba-273	44	31	enhanced	enhance	VERB
faba-273	44	32	to	to	PART
faba-273	44	33	ensure	ensure	VERB
faba-273	44	34	financial	financial	ADJ
faba-273	44	35	stability	stability	NOUN
faba-273	44	36	of	of	ADP
faba-273	44	37	banks	bank	NOUN
faba-273	44	38	.	.	PUNCT
faba-273	45	1	babatunde	babatunde	PROPN
faba-273	45	2	lawrence	lawrence	PROPN
faba-273	45	3	,	,	PUNCT
faba-273	45	4	fabian	fabian	ADJ
faba-273	45	5	moodley/	moodley/	NUM
faba-273	45	6	finance	finance	NOUN
faba-273	45	7	,	,	PUNCT
faba-273	45	8	accounting	accounting	NOUN
faba-273	45	9	and	and	CCONJ
faba-273	45	10	business	business	NOUN
faba-273	45	11	analysis	analysis	NOUN
faba-273	45	12	,	,	PUNCT
faba-273	45	13	volume	volume	NOUN
faba-273	45	14	7	7	NUM
faba-273	45	15	,	,	PUNCT
faba-273	45	16	issue	issue	NOUN
faba-273	45	17	2	2	NUM
faba-273	45	18	,	,	PUNCT
faba-273	45	19	2025	2025	NUM
faba-273	45	20	200	200	NUM
faba-273	45	21	the	the	DET
faba-273	45	22	remaining	remain	VERB
faba-273	45	23	paper	paper	NOUN
faba-273	45	24	is	be	AUX
faba-273	45	25	outlined	outline	VERB
faba-273	45	26	as	as	SCONJ
faba-273	45	27	follows	follow	VERB
faba-273	45	28	:	:	PUNCT
faba-273	45	29	section	section	NOUN
faba-273	45	30	2	2	NUM
faba-273	45	31	presents	present	VERB
faba-273	45	32	the	the	DET
faba-273	45	33	literature	literature	PROPN
faba-273	45	34	review	review	PROPN
faba-273	45	35	,	,	PUNCT
faba-273	45	36	which	which	PRON
faba-273	45	37	is	be	AUX
faba-273	45	38	segregated	segregate	VERB
faba-273	45	39	according	accord	VERB
faba-273	45	40	to	to	ADP
faba-273	45	41	the	the	DET
faba-273	45	42	theoretical	theoretical	ADJ
faba-273	45	43	propositions	proposition	NOUN
faba-273	45	44	and	and	CCONJ
faba-273	45	45	empirical	empirical	ADJ
faba-273	45	46	review	review	NOUN
faba-273	45	47	.	.	PUNCT
faba-273	46	1	section	section	NOUN
faba-273	46	2	3	3	NUM
faba-273	46	3	presents	present	VERB
faba-273	46	4	the	the	DET
faba-273	46	5	methodology	methodology	NOUN
faba-273	46	6	,	,	PUNCT
faba-273	46	7	which	which	PRON
faba-273	46	8	comprises	comprise	VERB
faba-273	46	9	of	of	ADP
faba-273	46	10	the	the	DET
faba-273	46	11	data	datum	NOUN
faba-273	46	12	and	and	CCONJ
faba-273	46	13	empirical	empirical	ADJ
faba-273	46	14	model	model	NOUN
faba-273	46	15	used	use	VERB
faba-273	46	16	in	in	ADP
faba-273	46	17	the	the	DET
faba-273	46	18	study	study	NOUN
faba-273	46	19	.	.	PUNCT
faba-273	47	1	section	section	NOUN
faba-273	47	2	4	4	NUM
faba-273	47	3	provides	provide	VERB
faba-273	47	4	the	the	DET
faba-273	47	5	results	result	NOUN
faba-273	47	6	as	as	SCONJ
faba-273	47	7	generated	generate	VERB
faba-273	47	8	from	from	ADP
faba-273	47	9	the	the	DET
faba-273	47	10	empirical	empirical	ADJ
faba-273	47	11	model	model	NOUN
faba-273	47	12	,	,	PUNCT
faba-273	47	13	whereas	whereas	SCONJ
faba-273	47	14	section	section	NOUN
faba-273	47	15	5	5	NUM
faba-273	47	16	discusses	discuss	VERB
faba-273	47	17	the	the	DET
faba-273	47	18	results	result	NOUN
faba-273	47	19	in	in	ADP
faba-273	47	20	relation	relation	NOUN
faba-273	47	21	to	to	ADP
faba-273	47	22	past	past	ADJ
faba-273	47	23	literature	literature	NOUN
faba-273	47	24	,	,	PUNCT
faba-273	47	25	highlighting	highlight	VERB
faba-273	47	26	the	the	DET
faba-273	47	27	practical	practical	ADJ
faba-273	47	28	and	and	CCONJ
faba-273	47	29	economic	economic	ADJ
faba-273	47	30	implications	implication	NOUN
faba-273	47	31	.	.	PUNCT
faba-273	48	1	section	section	NOUN
faba-273	48	2	6	6	NUM
faba-273	48	3	then	then	ADV
faba-273	48	4	concludes	conclude	VERB
faba-273	48	5	the	the	DET
faba-273	48	6	research	research	NOUN
faba-273	48	7	paper	paper	NOUN
faba-273	48	8	,	,	PUNCT
faba-273	48	9	by	by	ADP
faba-273	48	10	providing	provide	VERB
faba-273	48	11	a	a	DET
faba-273	48	12	synthesis	synthesis	NOUN
faba-273	48	13	of	of	ADP
faba-273	48	14	the	the	DET
faba-273	48	15	findings	finding	NOUN
faba-273	48	16	and	and	CCONJ
faba-273	48	17	future	future	ADJ
faba-273	48	18	scope	scope	NOUN
faba-273	48	19	for	for	ADP
faba-273	48	20	similar	similar	ADJ
faba-273	48	21	studies	study	NOUN
faba-273	48	22	.	.	PUNCT
faba-273	49	1	literature	literature	PROPN
faba-273	49	2	review	review	VERB
faba-273	49	3	the	the	DET
faba-273	49	4	concept	concept	NOUN
faba-273	49	5	of	of	ADP
faba-273	49	6	esg	esg	PROPN
faba-273	49	7	compliance	compliance	NOUN
faba-273	49	8	is	be	AUX
faba-273	49	9	imbedded	imbed	VERB
faba-273	49	10	in	in	ADP
faba-273	49	11	the	the	DET
faba-273	49	12	“	"	PUNCT
faba-273	49	13	doing	do	VERB
faba-273	49	14	good	good	NOUN
faba-273	49	15	while	while	SCONJ
faba-273	49	16	doing	do	VERB
faba-273	49	17	well	well	ADV
faba-273	49	18	”	"	PUNCT
faba-273	49	19	theory	theory	NOUN
faba-273	49	20	which	which	PRON
faba-273	49	21	postulates	postulate	VERB
faba-273	49	22	that	that	SCONJ
faba-273	49	23	investors	investor	NOUN
faba-273	49	24	can	can	AUX
faba-273	49	25	attain	attain	VERB
faba-273	49	26	success	success	NOUN
faba-273	49	27	while	while	SCONJ
faba-273	49	28	simultaneously	simultaneously	ADV
faba-273	49	29	having	have	VERB
faba-273	49	30	a	a	DET
faba-273	49	31	positive	positive	ADJ
faba-273	49	32	social	social	ADJ
faba-273	49	33	impact	impact	NOUN
faba-273	49	34	by	by	ADP
faba-273	49	35	including	include	VERB
faba-273	49	36	ethical	ethical	ADJ
faba-273	49	37	and	and	CCONJ
faba-273	49	38	social	social	ADJ
faba-273	49	39	responsive	responsive	ADJ
faba-273	49	40	initiatives	initiative	NOUN
faba-273	49	41	into	into	ADP
faba-273	49	42	their	their	PRON
faba-273	49	43	investment	investment	NOUN
faba-273	49	44	strategies	strategy	NOUN
faba-273	49	45	(	(	PUNCT
faba-273	49	46	statman	statman	NOUN
faba-273	49	47	and	and	CCONJ
faba-273	49	48	glushkov	glushkov	NOUN
faba-273	49	49	2009	2009	NUM
faba-273	49	50	)	)	PUNCT
faba-273	49	51	.	.	PUNCT
faba-273	50	1	coherent	coherent	ADJ
faba-273	50	2	with	with	ADP
faba-273	50	3	this	this	DET
faba-273	50	4	theory	theory	NOUN
faba-273	50	5	,	,	PUNCT
faba-273	50	6	academics	academic	NOUN
faba-273	50	7	have	have	AUX
faba-273	50	8	examined	examine	VERB
faba-273	50	9	the	the	DET
faba-273	50	10	influence	influence	NOUN
faba-273	50	11	of	of	ADP
faba-273	50	12	responsible	responsible	ADJ
faba-273	50	13	investing	investing	NOUN
faba-273	50	14	like	like	ADP
faba-273	50	15	esg	esg	PROPN
faba-273	50	16	on	on	ADP
faba-273	50	17	commercial	commercial	ADJ
faba-273	50	18	banks	bank	NOUN
faba-273	50	19	.	.	PUNCT
faba-273	51	1	however	however	ADV
faba-273	51	2	,	,	PUNCT
faba-273	51	3	majority	majority	NOUN
faba-273	51	4	of	of	ADP
faba-273	51	5	literature	literature	NOUN
faba-273	51	6	is	be	AUX
faba-273	51	7	centred	centre	VERB
faba-273	51	8	around	around	ADP
faba-273	51	9	bank	bank	NOUN
faba-273	51	10	performance	performance	NOUN
faba-273	51	11	.	.	PUNCT
faba-273	52	1	for	for	ADP
faba-273	52	2	instance	instance	NOUN
faba-273	52	3	,	,	PUNCT
faba-273	52	4	el	el	PROPN
faba-273	52	5	khoury	khoury	PROPN
faba-273	52	6	(	(	PUNCT
faba-273	52	7	2021	2021	NUM
faba-273	52	8	)	)	PUNCT
faba-273	52	9	examined	examine	VERB
faba-273	52	10	the	the	DET
faba-273	52	11	effect	effect	NOUN
faba-273	52	12	of	of	ADP
faba-273	52	13	esg	esg	PROPN
faba-273	52	14	on	on	ADP
faba-273	52	15	bank	bank	NOUN
faba-273	52	16	performance	performance	NOUN
faba-273	52	17	and	and	CCONJ
faba-273	52	18	return	return	NOUN
faba-273	52	19	in	in	ADP
faba-273	52	20	the	the	DET
faba-273	52	21	middle	middle	PROPN
faba-273	52	22	east	east	PROPN
faba-273	52	23	,	,	PUNCT
faba-273	52	24	north	north	PROPN
faba-273	52	25	africa	africa	PROPN
faba-273	52	26	and	and	CCONJ
faba-273	52	27	turkey	turkey	PROPN
faba-273	52	28	.	.	PUNCT
faba-273	53	1	the	the	DET
faba-273	53	2	study	study	NOUN
faba-273	53	3	incorporated	incorporate	VERB
faba-273	53	4	monthly	monthly	ADJ
faba-273	53	5	data	datum	NOUN
faba-273	53	6	for	for	ADP
faba-273	53	7	the	the	DET
faba-273	53	8	period	period	NOUN
faba-273	53	9	2007	2007	NUM
faba-273	53	10	-	-	SYM
faba-273	53	11	2019	2019	NUM
faba-273	53	12	,	,	PUNCT
faba-273	53	13	which	which	PRON
faba-273	53	14	was	be	AUX
faba-273	53	15	used	use	VERB
faba-273	53	16	in	in	ADP
faba-273	53	17	a	a	DET
faba-273	53	18	panel	panel	NOUN
faba-273	53	19	regression	regression	NOUN
faba-273	53	20	analysis	analysis	NOUN
faba-273	53	21	.	.	PUNCT
faba-273	54	1	the	the	DET
faba-273	54	2	authors	author	NOUN
faba-273	54	3	controlled	control	VERB
faba-273	54	4	for	for	ADP
faba-273	54	5	macroeconomic	macroeconomic	ADJ
faba-273	54	6	factors	factor	NOUN
faba-273	54	7	such	such	ADJ
faba-273	54	8	as	as	ADP
faba-273	54	9	gross	gross	ADJ
faba-273	54	10	domestic	domestic	ADJ
faba-273	54	11	product	product	NOUN
faba-273	54	12	(	(	PUNCT
faba-273	54	13	gdp	gdp	NOUN
faba-273	54	14	)	)	PUNCT
faba-273	54	15	and	and	CCONJ
faba-273	54	16	inflation	inflation	NOUN
faba-273	54	17	to	to	PART
faba-273	54	18	isolate	isolate	VERB
faba-273	54	19	the	the	DET
faba-273	54	20	effects	effect	NOUN
faba-273	54	21	of	of	ADP
faba-273	54	22	esg	esg	PROPN
faba-273	54	23	.	.	PUNCT
faba-273	55	1	the	the	DET
faba-273	55	2	findings	finding	NOUN
faba-273	55	3	demonstrated	demonstrate	VERB
faba-273	55	4	that	that	SCONJ
faba-273	55	5	esg	esg	PROPN
faba-273	55	6	has	have	VERB
faba-273	55	7	a	a	DET
faba-273	55	8	nonlinear	nonlinear	ADJ
faba-273	55	9	relationship	relationship	NOUN
faba-273	55	10	with	with	ADP
faba-273	55	11	return	return	NOUN
faba-273	55	12	on	on	ADP
faba-273	55	13	assets	asset	NOUN
faba-273	55	14	(	(	PUNCT
faba-273	55	15	roa	roa	NOUN
faba-273	55	16	)	)	PUNCT
faba-273	55	17	and	and	CCONJ
faba-273	55	18	return	return	VERB
faba-273	55	19	on	on	ADP
faba-273	55	20	equity	equity	NOUN
faba-273	55	21	(	(	PUNCT
faba-273	55	22	roe	roe	PROPN
faba-273	55	23	)	)	PUNCT
faba-273	55	24	(	(	PUNCT
faba-273	55	25	proxy	proxy	NOUN
faba-273	55	26	for	for	ADP
faba-273	55	27	bank	bank	NOUN
faba-273	55	28	performance	performance	NOUN
faba-273	55	29	)	)	PUNCT
faba-273	55	30	and	and	CCONJ
faba-273	55	31	bank	bank	NOUN
faba-273	55	32	returns	return	NOUN
faba-273	55	33	where	where	SCONJ
faba-273	55	34	the	the	DET
faba-273	55	35	effect	effect	NOUN
faba-273	55	36	is	be	AUX
faba-273	55	37	dependent	dependent	ADJ
faba-273	55	38	on	on	ADP
faba-273	55	39	the	the	DET
faba-273	55	40	level	level	NOUN
faba-273	55	41	of	of	ADP
faba-273	55	42	esg	esg	NOUN
faba-273	55	43	compliance	compliance	NOUN
faba-273	55	44	and	and	CCONJ
faba-273	55	45	variables	variable	NOUN
faba-273	55	46	used	use	VERB
faba-273	55	47	to	to	PART
faba-273	55	48	measure	measure	VERB
faba-273	55	49	bank	bank	NOUN
faba-273	55	50	performance	performance	NOUN
faba-273	55	51	.	.	PUNCT
faba-273	56	1	yuen	yuen	PROPN
faba-273	56	2	et	et	PROPN
faba-273	56	3	al	al	PROPN
faba-273	56	4	(	(	PUNCT
faba-273	56	5	2022	2022	NUM
faba-273	56	6	)	)	PUNCT
faba-273	56	7	examined	examine	VERB
faba-273	56	8	the	the	DET
faba-273	56	9	effect	effect	NOUN
faba-273	56	10	of	of	ADP
faba-273	56	11	esg	esg	PROPN
faba-273	56	12	on	on	ADP
faba-273	56	13	banking	banking	NOUN
faba-273	56	14	sector	sector	NOUN
faba-273	56	15	performance	performance	NOUN
faba-273	56	16	and	and	CCONJ
faba-273	56	17	profitability	profitability	NOUN
faba-273	56	18	of	of	ADP
faba-273	56	19	51	51	NUM
faba-273	56	20	countries	country	NOUN
faba-273	56	21	.	.	PUNCT
faba-273	57	1	using	use	VERB
faba-273	57	2	monthly	monthly	ADJ
faba-273	57	3	data	datum	NOUN
faba-273	57	4	for	for	ADP
faba-273	57	5	the	the	DET
faba-273	57	6	period	period	NOUN
faba-273	57	7	2006	2006	NUM
faba-273	57	8	to	to	ADP
faba-273	57	9	2021	2021	NUM
faba-273	57	10	,	,	PUNCT
faba-273	57	11	the	the	DET
faba-273	57	12	generalized	generalized	ADJ
faba-273	57	13	method	method	NOUN
faba-273	57	14	of	of	ADP
faba-273	57	15	moments	moment	NOUN
faba-273	57	16	(	(	PUNCT
faba-273	57	17	gmm	gmm	NOUN
faba-273	57	18	)	)	PUNCT
faba-273	57	19	model	model	NOUN
faba-273	57	20	demonstrated	demonstrate	VERB
faba-273	57	21	that	that	SCONJ
faba-273	57	22	esg	esg	PROPN
faba-273	57	23	has	have	VERB
faba-273	57	24	a	a	DET
faba-273	57	25	negative	negative	ADJ
faba-273	57	26	effect	effect	NOUN
faba-273	57	27	on	on	ADP
faba-273	57	28	commercial	commercial	ADJ
faba-273	57	29	bank	bank	NOUN
faba-273	57	30	performance	performance	NOUN
faba-273	57	31	,	,	PUNCT
faba-273	57	32	such	such	ADJ
faba-273	57	33	that	that	SCONJ
faba-273	57	34	it	it	PRON
faba-273	57	35	increases	increase	VERB
faba-273	57	36	operating	operating	NOUN
faba-273	57	37	costs	cost	NOUN
faba-273	57	38	for	for	ADP
faba-273	57	39	banks	bank	NOUN
faba-273	57	40	.	.	PUNCT
faba-273	58	1	moreover	moreover	ADV
faba-273	58	2	,	,	PUNCT
faba-273	58	3	in	in	ADP
faba-273	58	4	the	the	DET
faba-273	58	5	long	long	ADV
faba-273	58	6	-	-	PUNCT
faba-273	58	7	run	run	VERB
faba-273	58	8	esg	esg	NOUN
faba-273	58	9	increases	increase	VERB
faba-273	58	10	bank	bank	NOUN
faba-273	58	11	profitability	profitability	NOUN
faba-273	58	12	.	.	PUNCT
faba-273	59	1	similarly	similarly	ADV
faba-273	59	2	,	,	PUNCT
faba-273	59	3	menicucci	menicucci	NOUN
faba-273	59	4	and	and	CCONJ
faba-273	59	5	paolucci	paolucci	NOUN
faba-273	59	6	(	(	PUNCT
faba-273	59	7	2023	2023	NUM
faba-273	59	8	)	)	PUNCT
faba-273	59	9	also	also	ADV
faba-273	59	10	examined	examine	VERB
faba-273	59	11	the	the	DET
faba-273	59	12	effect	effect	NOUN
faba-273	59	13	of	of	ADP
faba-273	59	14	esg	esg	PROPN
faba-273	59	15	on	on	ADP
faba-273	59	16	bank	bank	NOUN
faba-273	59	17	performance	performance	NOUN
faba-273	59	18	.	.	PUNCT
faba-273	60	1	however	however	ADV
faba-273	60	2	,	,	PUNCT
faba-273	60	3	they	they	PRON
faba-273	60	4	used	use	VERB
faba-273	60	5	an	an	DET
faba-273	60	6	ordinary	ordinary	ADJ
faba-273	60	7	least	least	ADV
faba-273	60	8	squared	square	VERB
faba-273	60	9	(	(	PUNCT
faba-273	60	10	ols	ol	NOUN
faba-273	60	11	)	)	PUNCT
faba-273	60	12	regression	regression	NOUN
faba-273	60	13	analysis	analysis	NOUN
faba-273	60	14	.	.	PUNCT
faba-273	61	1	the	the	DET
faba-273	61	2	findings	finding	NOUN
faba-273	61	3	of	of	ADP
faba-273	61	4	the	the	DET
faba-273	61	5	ols	ol	NOUN
faba-273	61	6	model	model	NOUN
faba-273	61	7	demonstrated	demonstrate	VERB
faba-273	61	8	that	that	SCONJ
faba-273	61	9	bank	bank	NOUN
faba-273	61	10	performance	performance	NOUN
faba-273	61	11	is	be	AUX
faba-273	61	12	negatively	negatively	ADV
faba-273	61	13	impacted	impact	VERB
faba-273	61	14	by	by	ADP
faba-273	61	15	esg	esg	PROPN
faba-273	61	16	compliance	compliance	NOUN
faba-273	61	17	.	.	PUNCT
faba-273	62	1	thus	thus	ADV
faba-273	62	2	,	,	PUNCT
faba-273	62	3	italian	italian	ADJ
faba-273	62	4	banks	bank	NOUN
faba-273	62	5	have	have	AUX
faba-273	62	6	not	not	PART
faba-273	62	7	embraced	embrace	VERB
faba-273	62	8	strong	strong	ADJ
faba-273	62	9	sustainability	sustainability	NOUN
faba-273	62	10	procedures	procedure	NOUN
faba-273	62	11	.	.	PUNCT
faba-273	63	1	in	in	ADP
faba-273	63	2	line	line	NOUN
faba-273	63	3	with	with	ADP
faba-273	63	4	this	this	PRON
faba-273	63	5	,	,	PUNCT
faba-273	63	6	indrasuci	indrasuci	PROPN
faba-273	63	7	and	and	CCONJ
faba-273	63	8	rokhim	rokhim	NOUN
faba-273	63	9	(	(	PUNCT
faba-273	63	10	2023	2023	NUM
faba-273	63	11	)	)	PUNCT
faba-273	63	12	used	use	VERB
faba-273	63	13	a	a	DET
faba-273	63	14	panel	panel	NOUN
faba-273	63	15	regression	regression	NOUN
faba-273	63	16	model	model	NOUN
faba-273	63	17	to	to	PART
faba-273	63	18	examine	examine	VERB
faba-273	63	19	the	the	DET
faba-273	63	20	determinants	determinant	NOUN
faba-273	63	21	of	of	ADP
faba-273	63	22	bank	bank	NOUN
faba-273	63	23	performance	performance	NOUN
faba-273	63	24	in	in	ADP
faba-273	63	25	east	east	PROPN
faba-273	63	26	asia	asia	PROPN
faba-273	63	27	countries	country	NOUN
faba-273	63	28	for	for	ADP
faba-273	63	29	the	the	DET
faba-273	63	30	period	period	NOUN
faba-273	63	31	2017	2017	NUM
faba-273	63	32	-	-	SYM
faba-273	63	33	2021	2021	NUM
faba-273	63	34	.	.	PUNCT
faba-273	64	1	the	the	DET
faba-273	64	2	authors	author	NOUN
faba-273	64	3	employed	employ	VERB
faba-273	64	4	roa	roa	NOUN
faba-273	64	5	and	and	CCONJ
faba-273	64	6	roe	roe	PROPN
faba-273	64	7	as	as	ADP
faba-273	64	8	a	a	DET
faba-273	64	9	proxy	proxy	NOUN
faba-273	64	10	for	for	ADP
faba-273	64	11	bank	bank	NOUN
faba-273	64	12	performance	performance	NOUN
faba-273	64	13	whereas	whereas	SCONJ
faba-273	64	14	esg	esg	PROPN
faba-273	64	15	was	be	AUX
faba-273	64	16	considered	consider	VERB
faba-273	64	17	as	as	ADP
faba-273	64	18	a	a	DET
faba-273	64	19	determinant	determinant	NOUN
faba-273	64	20	.	.	PUNCT
faba-273	65	1	the	the	DET
faba-273	65	2	findings	finding	NOUN
faba-273	65	3	relevaled	relevale	VERB
faba-273	65	4	that	that	SCONJ
faba-273	65	5	esg	esg	PROPN
faba-273	65	6	has	have	VERB
faba-273	65	7	a	a	DET
faba-273	65	8	negative	negative	ADJ
faba-273	65	9	impact	impact	NOUN
faba-273	65	10	on	on	ADP
faba-273	65	11	bank	bank	NOUN
faba-273	65	12	performance	performance	NOUN
faba-273	65	13	and	and	CCONJ
faba-273	65	14	return	return	NOUN
faba-273	65	15	,	,	PUNCT
faba-273	65	16	such	such	ADJ
faba-273	65	17	that	that	SCONJ
faba-273	65	18	banks	bank	NOUN
faba-273	65	19	who	who	PRON
faba-273	65	20	are	be	AUX
faba-273	65	21	more	more	ADV
faba-273	65	22	compliant	compliant	ADJ
faba-273	65	23	are	be	AUX
faba-273	65	24	more	more	ADV
faba-273	65	25	adversely	adversely	ADV
faba-273	65	26	affected	affect	VERB
faba-273	65	27	.	.	PUNCT
faba-273	66	1	contrary	contrary	ADJ
faba-273	66	2	to	to	ADP
faba-273	66	3	the	the	DET
faba-273	66	4	above	above	ADJ
faba-273	66	5	findings	finding	NOUN
faba-273	66	6	,	,	PUNCT
faba-273	66	7	lamanda	lamanda	NOUN
faba-273	66	8	and	and	CCONJ
faba-273	66	9	tamásné	tamásné	NOUN
faba-273	66	10	vő	vő	ADP
faba-273	66	11	neki	neki	PROPN
faba-273	66	12	(	(	PUNCT
faba-273	66	13	2024	2024	NUM
faba-273	66	14	)	)	PUNCT
faba-273	66	15	examined	examine	VERB
faba-273	66	16	the	the	DET
faba-273	66	17	effect	effect	NOUN
faba-273	66	18	of	of	ADP
faba-273	66	19	esg	esg	PROPN
faba-273	66	20	compliance	compliance	NOUN
faba-273	66	21	on	on	ADP
faba-273	66	22	bank	bank	NOUN
faba-273	66	23	performance	performance	NOUN
faba-273	66	24	in	in	ADP
faba-273	66	25	central	central	ADJ
faba-273	66	26	european	european	ADJ
faba-273	66	27	countries	country	NOUN
faba-273	66	28	for	for	ADP
faba-273	66	29	the	the	DET
faba-273	66	30	period	period	NOUN
faba-273	66	31	2017	2017	NUM
faba-273	66	32	-	-	SYM
faba-273	66	33	2021	2021	NUM
faba-273	66	34	.	.	PUNCT
faba-273	67	1	the	the	DET
faba-273	67	2	authors	author	NOUN
faba-273	67	3	used	use	VERB
faba-273	67	4	monthly	monthly	ADJ
faba-273	67	5	data	datum	NOUN
faba-273	67	6	from	from	ADP
faba-273	67	7	banks	bank	NOUN
faba-273	67	8	financial	financial	ADJ
faba-273	67	9	reports	report	NOUN
faba-273	67	10	to	to	PART
faba-273	67	11	gather	gather	VERB
faba-273	67	12	esg	esg	PROPN
faba-273	67	13	score	score	NOUN
faba-273	67	14	whereas	whereas	SCONJ
faba-273	67	15	bank	bank	NOUN
faba-273	67	16	performance	performance	NOUN
faba-273	67	17	was	be	AUX
faba-273	67	18	measure	measure	NOUN
faba-273	67	19	by	by	ADP
faba-273	67	20	roa	roa	PROPN
faba-273	67	21	and	and	CCONJ
faba-273	67	22	roe	roe	PROPN
faba-273	67	23	.	.	PUNCT
faba-273	68	1	the	the	DET
faba-273	68	2	panel	panel	NOUN
faba-273	68	3	regression	regression	NOUN
faba-273	68	4	model	model	NOUN
faba-273	68	5	demonstrated	demonstrate	VERB
faba-273	68	6	that	that	SCONJ
faba-273	68	7	esg	esg	PROPN
faba-273	68	8	has	have	VERB
faba-273	68	9	no	no	DET
faba-273	68	10	significant	significant	ADJ
faba-273	68	11	effect	effect	NOUN
faba-273	68	12	on	on	ADP
faba-273	68	13	bank	bank	NOUN
faba-273	68	14	performance	performance	NOUN
faba-273	68	15	,	,	PUNCT
faba-273	68	16	suggesting	suggest	VERB
faba-273	68	17	that	that	SCONJ
faba-273	68	18	bank	bank	NOUN
faba-273	68	19	performance	performance	NOUN
faba-273	68	20	is	be	AUX
faba-273	68	21	independent	independent	ADJ
faba-273	68	22	to	to	ADP
faba-273	68	23	esg	esg	PROPN
faba-273	68	24	compliance	compliance	NOUN
faba-273	68	25	.	.	PUNCT
faba-273	69	1	moreover	moreover	ADV
faba-273	69	2	,	,	PUNCT
faba-273	69	3	the	the	DET
faba-273	69	4	findings	finding	NOUN
faba-273	69	5	suggest	suggest	VERB
faba-273	69	6	that	that	SCONJ
faba-273	69	7	there	there	PRON
faba-273	69	8	is	be	VERB
faba-273	69	9	adequate	adequate	ADJ
faba-273	69	10	cost	cost	NOUN
faba-273	69	11	saving	saving	NOUN
faba-273	69	12	strategies	strategy	NOUN
faba-273	69	13	in	in	ADP
faba-273	69	14	place	place	NOUN
faba-273	69	15	for	for	SCONJ
faba-273	69	16	central	central	ADJ
faba-273	69	17	european	european	ADJ
faba-273	69	18	banks	bank	NOUN
faba-273	69	19	to	to	PART
faba-273	69	20	mitigate	mitigate	VERB
faba-273	69	21	expenses	expense	NOUN
faba-273	69	22	from	from	ADP
faba-273	69	23	rising	rise	VERB
faba-273	69	24	esg	esg	NOUN
faba-273	69	25	compliance	compliance	NOUN
faba-273	69	26	.	.	PUNCT
faba-273	70	1	jaiwani	jaiwani	PROPN
faba-273	70	2	and	and	CCONJ
faba-273	70	3	gopalkrishnan	gopalkrishnan	PROPN
faba-273	70	4	(	(	PUNCT
faba-273	70	5	2025	2025	NUM
faba-273	70	6	)	)	PUNCT
faba-273	70	7	also	also	ADV
faba-273	70	8	examined	examine	VERB
faba-273	70	9	the	the	DET
faba-273	70	10	effect	effect	NOUN
faba-273	70	11	of	of	ADP
faba-273	70	12	esg	esg	PROPN
faba-273	70	13	compliance	compliance	NOUN
faba-273	70	14	on	on	ADP
faba-273	70	15	bank	bank	NOUN
faba-273	70	16	performance	performance	NOUN
faba-273	70	17	,	,	PUNCT
faba-273	70	18	but	but	CCONJ
faba-273	70	19	they	they	PRON
faba-273	70	20	focused	focus	VERB
faba-273	70	21	on	on	ADP
faba-273	70	22	indian	indian	ADJ
faba-273	70	23	commercial	commercial	ADJ
faba-273	70	24	banks	bank	NOUN
faba-273	70	25	.	.	PUNCT
faba-273	71	1	the	the	DET
faba-273	71	2	findings	finding	NOUN
faba-273	71	3	of	of	ADP
faba-273	71	4	the	the	DET
faba-273	71	5	panel	panel	NOUN
faba-273	71	6	regression	regression	NOUN
faba-273	71	7	model	model	NOUN
faba-273	71	8	demonstrated	demonstrate	VERB
faba-273	71	9	that	that	SCONJ
faba-273	71	10	esg	esg	PROPN
faba-273	71	11	compliance	compliance	NOUN
faba-273	71	12	has	have	VERB
faba-273	71	13	a	a	DET
faba-273	71	14	negative	negative	ADJ
faba-273	71	15	effect	effect	NOUN
faba-273	71	16	on	on	ADP
faba-273	71	17	roa	roa	PROPN
faba-273	71	18	and	and	CCONJ
faba-273	71	19	roe	roe	PROPN
faba-273	71	20	.	.	PUNCT
faba-273	72	1	this	this	PRON
faba-273	72	2	suggests	suggest	VERB
faba-273	72	3	that	that	SCONJ
faba-273	72	4	india	india	PROPN
faba-273	72	5	’s	’s	PART
faba-273	72	6	commercial	commercial	ADJ
faba-273	72	7	banks	bank	NOUN
faba-273	72	8	performance	performance	NOUN
faba-273	72	9	is	be	AUX
faba-273	72	10	not	not	PART
faba-273	72	11	resilient	resilient	ADJ
faba-273	72	12	to	to	ADP
faba-273	72	13	esg	esg	NOUN
faba-273	72	14	enhancements	enhancement	NOUN
faba-273	72	15	by	by	ADP
faba-273	72	16	the	the	DET
faba-273	72	17	indian	indian	ADJ
faba-273	72	18	governments	government	NOUN
faba-273	72	19	.	.	PUNCT
faba-273	73	1	in	in	ADP
faba-273	73	2	the	the	DET
faba-273	73	3	south	south	ADJ
faba-273	73	4	african	african	ADJ
faba-273	73	5	context	context	NOUN
faba-273	73	6	there	there	PRON
faba-273	73	7	exists	exist	VERB
faba-273	73	8	two	two	NUM
faba-273	73	9	studies	study	NOUN
faba-273	73	10	that	that	PRON
faba-273	73	11	have	have	AUX
faba-273	73	12	considered	consider	VERB
faba-273	73	13	esg	esg	NOUN
faba-273	73	14	compliance	compliance	NOUN
faba-273	73	15	in	in	ADP
faba-273	73	16	the	the	DET
faba-273	73	17	banking	banking	NOUN
faba-273	73	18	sector	sector	NOUN
faba-273	73	19	.	.	PUNCT
faba-273	74	1	xulu	xulu	PROPN
faba-273	74	2	(	(	PUNCT
faba-273	74	3	2022	2022	NUM
faba-273	74	4	)	)	PUNCT
faba-273	74	5	conducted	conduct	VERB
faba-273	74	6	a	a	DET
faba-273	74	7	systematic	systematic	ADJ
faba-273	74	8	review	review	NOUN
faba-273	74	9	of	of	ADP
faba-273	74	10	literature	literature	NOUN
faba-273	74	11	(	(	PUNCT
faba-273	74	12	srl	srl	PROPN
faba-273	74	13	)	)	PUNCT
faba-273	74	14	to	to	PART
faba-273	74	15	determine	determine	VERB
faba-273	74	16	if	if	SCONJ
faba-273	74	17	south	south	ADJ
faba-273	74	18	african	african	ADJ
faba-273	74	19	commercial	commercial	ADJ
faba-273	74	20	banks	bank	NOUN
faba-273	74	21	are	be	AUX
faba-273	74	22	incorporating	incorporate	VERB
faba-273	74	23	esg	esg	NOUN
faba-273	74	24	principles	principle	NOUN
faba-273	74	25	.	.	PUNCT
faba-273	75	1	the	the	DET
faba-273	75	2	findings	finding	NOUN
faba-273	75	3	reveal	reveal	VERB
faba-273	75	4	that	that	SCONJ
faba-273	75	5	there	there	PRON
faba-273	75	6	are	be	VERB
faba-273	75	7	no	no	DET
faba-273	75	8	mandatory	mandatory	ADJ
faba-273	75	9	requirements	requirement	NOUN
faba-273	75	10	for	for	ADP
faba-273	75	11	commercial	commercial	ADJ
faba-273	75	12	banks	bank	NOUN
faba-273	75	13	in	in	ADP
faba-273	75	14	south	south	PROPN
faba-273	75	15	africa	africa	PROPN
faba-273	75	16	to	to	PART
faba-273	75	17	implement	implement	VERB
faba-273	75	18	esg	esg	PROPN
faba-273	75	19	in	in	ADP
faba-273	75	20	their	their	PRON
faba-273	75	21	daily	daily	ADJ
faba-273	75	22	operations	operation	NOUN
faba-273	75	23	and	and	CCONJ
faba-273	75	24	as	as	SCONJ
faba-273	75	25	such	such	ADJ
faba-273	75	26	commercial	commercial	ADJ
faba-273	75	27	banks	bank	NOUN
faba-273	75	28	do	do	VERB
faba-273	75	29	so	so	ADV
faba-273	75	30	on	on	ADP
faba-273	75	31	a	a	DET
faba-273	75	32	voluntary	voluntary	ADJ
faba-273	75	33	basis	basis	NOUN
faba-273	75	34	.	.	PUNCT
faba-273	76	1	moreover	moreover	ADV
faba-273	76	2	,	,	PUNCT
faba-273	76	3	nedbank	nedbank	PROPN
faba-273	76	4	is	be	AUX
faba-273	76	5	found	find	VERB
faba-273	76	6	to	to	PART
faba-273	76	7	be	be	AUX
faba-273	76	8	the	the	DET
faba-273	76	9	most	most	ADV
faba-273	76	10	compliant	compliant	NOUN
faba-273	76	11	followed	follow	VERB
faba-273	76	12	by	by	ADP
faba-273	76	13	investec	investec	ADJ
faba-273	76	14	bank	bank	NOUN
faba-273	76	15	,	,	PUNCT
faba-273	76	16	standard	standard	PROPN
faba-273	76	17	bank	bank	PROPN
faba-273	76	18	,	,	PUNCT
faba-273	76	19	absa	absa	PROPN
faba-273	76	20	bank	bank	PROPN
faba-273	76	21	and	and	CCONJ
faba-273	76	22	capitec	capitec	ADJ
faba-273	76	23	bank	bank	NOUN
faba-273	76	24	.	.	PUNCT
faba-273	77	1	in	in	ADP
faba-273	77	2	line	line	NOUN
faba-273	77	3	with	with	ADP
faba-273	77	4	these	these	DET
faba-273	77	5	findings	finding	NOUN
faba-273	77	6	ngwenya	ngwenya	PROPN
faba-273	77	7	(	(	PUNCT
faba-273	77	8	2022	2022	NUM
faba-273	77	9	)	)	PUNCT
faba-273	77	10	investigated	investigate	VERB
faba-273	77	11	the	the	DET
faba-273	77	12	effect	effect	NOUN
faba-273	77	13	of	of	ADP
faba-273	77	14	esg	esg	PROPN
faba-273	77	15	compliance	compliance	NOUN
faba-273	77	16	on	on	ADP
faba-273	77	17	six	six	NUM
faba-273	77	18	commercial	commercial	ADJ
faba-273	77	19	banks	bank	NOUN
faba-273	77	20	.	.	PUNCT
faba-273	78	1	the	the	DET
faba-273	78	2	study	study	NOUN
faba-273	78	3	made	make	VERB
faba-273	78	4	use	use	NOUN
faba-273	78	5	of	of	ADP
faba-273	78	6	monthly	monthly	ADJ
faba-273	78	7	data	datum	NOUN
faba-273	78	8	for	for	ADP
faba-273	78	9	the	the	DET
faba-273	78	10	period	period	NOUN
faba-273	78	11	2017	2017	NUM
faba-273	78	12	-	-	SYM
faba-273	78	13	2021	2021	NUM
faba-273	78	14	and	and	CCONJ
faba-273	78	15	used	use	VERB
faba-273	78	16	a	a	DET
faba-273	78	17	panel	panel	NOUN
faba-273	78	18	regression	regression	NOUN
faba-273	78	19	model	model	NOUN
faba-273	78	20	.	.	PUNCT
faba-273	79	1	the	the	DET
faba-273	79	2	findings	finding	NOUN
faba-273	79	3	revealed	reveal	VERB
faba-273	79	4	that	that	SCONJ
faba-273	79	5	esg	esg	PROPN
faba-273	79	6	compliance	compliance	NOUN
faba-273	79	7	has	have	VERB
faba-273	79	8	a	a	DET
faba-273	79	9	positive	positive	ADJ
faba-273	79	10	effect	effect	NOUN
faba-273	79	11	on	on	ADP
faba-273	79	12	standard	standard	PROPN
faba-273	79	13	bank	bank	NOUN
faba-273	79	14	,	,	PUNCT
faba-273	79	15	capitec	capitec	ADJ
faba-273	79	16	bank	bank	PROPN
faba-273	79	17	,	,	PUNCT
faba-273	79	18	nedbank	nedbank	PROPN
faba-273	79	19	,	,	PUNCT
faba-273	79	20	investec	investec	ADJ
faba-273	79	21	bank	bank	NOUN
faba-273	79	22	,	,	PUNCT
faba-273	79	23	first	first	PROPN
faba-273	79	24	national	national	PROPN
faba-273	79	25	bank	bank	PROPN
faba-273	79	26	and	and	CCONJ
faba-273	79	27	absa	absa	PROPN
faba-273	79	28	bank	bank	NOUN
faba-273	79	29	performance	performance	NOUN
faba-273	79	30	.	.	PUNCT
faba-273	80	1	that	that	PRON
faba-273	80	2	being	be	AUX
faba-273	80	3	enhance	enhance	VERB
faba-273	80	4	esg	esg	NOUN
faba-273	80	5	compliance	compliance	NOUN
faba-273	80	6	increases	increase	VERB
faba-273	80	7	the	the	DET
faba-273	80	8	operating	operating	NOUN
faba-273	80	9	efficiency	efficiency	NOUN
faba-273	80	10	of	of	ADP
faba-273	80	11	banks	bank	NOUN
faba-273	80	12	.	.	PUNCT
faba-273	81	1	while	while	SCONJ
faba-273	81	2	majority	majority	NOUN
faba-273	81	3	of	of	ADP
faba-273	81	4	literature	literature	NOUN
faba-273	81	5	is	be	AUX
faba-273	81	6	centred	centre	VERB
faba-273	81	7	on	on	ADP
faba-273	81	8	esg	esg	NOUN
faba-273	81	9	compliance	compliance	NOUN
faba-273	81	10	and	and	CCONJ
faba-273	81	11	bank	bank	NOUN
faba-273	81	12	performance	performance	NOUN
faba-273	81	13	,	,	PUNCT
faba-273	81	14	some	some	DET
faba-273	81	15	academics	academic	NOUN
faba-273	81	16	have	have	AUX
faba-273	81	17	embraced	embrace	VERB
faba-273	81	18	the	the	DET
faba-273	81	19	notion	notion	NOUN
faba-273	81	20	that	that	SCONJ
faba-273	81	21	bank	bank	NOUN
faba-273	81	22	returns	return	NOUN
faba-273	81	23	is	be	AUX
faba-273	81	24	directly	directly	ADV
faba-273	81	25	influenced	influence	VERB
faba-273	81	26	by	by	ADP
faba-273	81	27	esg	esg	PROPN
faba-273	81	28	compliance	compliance	NOUN
faba-273	81	29	.	.	PUNCT
faba-273	82	1	however	however	ADV
faba-273	82	2	,	,	PUNCT
faba-273	82	3	such	such	ADJ
faba-273	82	4	studies	study	NOUN
faba-273	82	5	are	be	AUX
faba-273	82	6	very	very	ADV
faba-273	82	7	limited	limited	ADJ
faba-273	82	8	internationally	internationally	ADV
faba-273	82	9	with	with	ADP
faba-273	82	10	no	no	DET
faba-273	82	11	study	study	NOUN
faba-273	82	12	evident	evident	ADJ
faba-273	82	13	in	in	ADP
faba-273	82	14	south	south	PROPN
faba-273	82	15	africa	africa	PROPN
faba-273	82	16	.	.	PUNCT
faba-273	83	1	for	for	ADP
faba-273	83	2	instance	instance	NOUN
faba-273	83	3	,	,	PUNCT
faba-273	83	4	carnevale	carnevale	NOUN
faba-273	83	5	and	and	CCONJ
faba-273	83	6	mazzuca	mazzuca	PROPN
faba-273	83	7	(	(	PUNCT
faba-273	83	8	2014	2014	NUM
faba-273	83	9	)	)	PUNCT
faba-273	83	10	used	use	VERB
faba-273	83	11	a	a	DET
faba-273	83	12	panel	panel	NOUN
faba-273	83	13	regression	regression	NOUN
faba-273	83	14	model	model	NOUN
faba-273	83	15	to	to	PART
faba-273	83	16	examine	examine	VERB
faba-273	83	17	the	the	DET
faba-273	83	18	effect	effect	NOUN
faba-273	83	19	of	of	ADP
faba-273	83	20	esg	esg	PROPN
faba-273	83	21	compliance	compliance	NOUN
faba-273	83	22	on	on	ADP
faba-273	83	23	european	european	ADJ
faba-273	83	24	commercial	commercial	ADJ
faba-273	83	25	bank	bank	NOUN
faba-273	83	26	returns	return	NOUN
faba-273	83	27	.	.	PUNCT
faba-273	84	1	the	the	DET
faba-273	84	2	authors	author	NOUN
faba-273	84	3	implemented	implement	VERB
faba-273	84	4	a	a	DET
faba-273	84	5	sample	sample	NOUN
faba-273	84	6	period	period	NOUN
faba-273	84	7	comprising	comprising	NOUN
faba-273	84	8	of	of	ADP
faba-273	84	9	quarterly	quarterly	ADJ
faba-273	84	10	data	datum	NOUN
faba-273	84	11	for	for	ADP
faba-273	84	12	the	the	DET
faba-273	84	13	period	period	NOUN
faba-273	84	14	2011	2011	NUM
faba-273	84	15	to	to	ADP
faba-273	84	16	2002	2002	NUM
faba-273	84	17	.	.	PUNCT
faba-273	85	1	the	the	DET
faba-273	85	2	findings	finding	NOUN
faba-273	85	3	revealed	reveal	VERB
faba-273	85	4	that	that	SCONJ
faba-273	85	5	esg	esg	PROPN
faba-273	85	6	compliance	compliance	NOUN
faba-273	85	7	has	have	VERB
faba-273	85	8	a	a	DET
faba-273	85	9	negative	negative	ADJ
faba-273	85	10	effect	effect	NOUN
faba-273	85	11	on	on	ADP
faba-273	85	12	commercial	commercial	ADJ
faba-273	85	13	bank	bank	NOUN
faba-273	85	14	returns	return	NOUN
faba-273	85	15	.	.	PUNCT
faba-273	86	1	the	the	DET
faba-273	86	2	authors	author	NOUN
faba-273	86	3	attribute	attribute	VERB
faba-273	86	4	these	these	DET
faba-273	86	5	findings	finding	NOUN
faba-273	86	6	to	to	ADP
faba-273	86	7	the	the	DET
faba-273	86	8	increase	increase	NOUN
faba-273	86	9	costs	cost	NOUN
faba-273	86	10	associated	associate	VERB
faba-273	86	11	with	with	ADP
faba-273	86	12	meeting	meet	VERB
faba-273	86	13	the	the	DET
faba-273	86	14	initiatives	initiative	NOUN
faba-273	86	15	of	of	ADP
faba-273	86	16	sustainable	sustainable	ADJ
faba-273	86	17	babatunde	babatunde	PROPN
faba-273	86	18	lawrence	lawrence	PROPN
faba-273	86	19	,	,	PUNCT
faba-273	86	20	fabian	fabian	ADJ
faba-273	86	21	moodley/	moodley/	NUM
faba-273	86	22	finance	finance	NOUN
faba-273	86	23	,	,	PUNCT
faba-273	86	24	accounting	accounting	NOUN
faba-273	86	25	and	and	CCONJ
faba-273	86	26	business	business	NOUN
faba-273	86	27	analysis	analysis	NOUN
faba-273	86	28	,	,	PUNCT
faba-273	86	29	volume	volume	NOUN
faba-273	86	30	7	7	NUM
faba-273	86	31	,	,	PUNCT
faba-273	86	32	issue	issue	NOUN
faba-273	86	33	2	2	NUM
faba-273	86	34	,	,	PUNCT
faba-273	86	35	2025	2025	NUM
faba-273	86	36	201	201	NUM
faba-273	86	37	banking	banking	NOUN
faba-273	86	38	practices	practice	NOUN
faba-273	86	39	.	.	PUNCT
faba-273	87	1	miralles	miralle	NOUN
faba-273	87	2	-	-	PUNCT
faba-273	87	3	quirós	quirós	ADJ
faba-273	87	4	,	,	PUNCT
faba-273	87	5	miralles	miralle	NOUN
faba-273	87	6	-	-	PUNCT
faba-273	87	7	quirós	quirós	NOUN
faba-273	87	8	and	and	CCONJ
faba-273	87	9	redondo‐hernández	redondo‐hernández	PROPN
faba-273	87	10	(	(	PUNCT
faba-273	87	11	2019	2019	NUM
faba-273	87	12	)	)	PUNCT
faba-273	87	13	also	also	ADV
faba-273	87	14	used	use	VERB
faba-273	87	15	a	a	DET
faba-273	87	16	panel	panel	NOUN
faba-273	87	17	model	model	NOUN
faba-273	87	18	to	to	PART
faba-273	87	19	examine	examine	VERB
faba-273	87	20	the	the	DET
faba-273	87	21	effect	effect	NOUN
faba-273	87	22	of	of	ADP
faba-273	87	23	esg	esg	PROPN
faba-273	87	24	compliance	compliance	NOUN
faba-273	87	25	on	on	ADP
faba-273	87	26	commercial	commercial	ADJ
faba-273	87	27	bank	bank	NOUN
faba-273	87	28	returns	return	NOUN
faba-273	87	29	,	,	PUNCT
faba-273	87	30	but	but	CCONJ
faba-273	87	31	the	the	DET
faba-273	87	32	authors	author	NOUN
faba-273	87	33	conducted	conduct	VERB
faba-273	87	34	a	a	DET
faba-273	87	35	comparative	comparative	ADJ
faba-273	87	36	analysis	analysis	NOUN
faba-273	87	37	between	between	ADP
faba-273	87	38	developed	develop	VERB
faba-273	87	39	and	and	CCONJ
faba-273	87	40	developing	develop	VERB
faba-273	87	41	countries	country	NOUN
faba-273	87	42	.	.	PUNCT
faba-273	88	1	the	the	DET
faba-273	88	2	findings	finding	NOUN
faba-273	88	3	revealed	reveal	VERB
faba-273	88	4	that	that	SCONJ
faba-273	88	5	commercial	commercial	ADJ
faba-273	88	6	bank	bank	NOUN
faba-273	88	7	returns	return	NOUN
faba-273	88	8	in	in	ADP
faba-273	88	9	developed	develop	VERB
faba-273	88	10	countries	country	NOUN
faba-273	88	11	are	be	AUX
faba-273	88	12	positively	positively	ADV
faba-273	88	13	influenced	influence	VERB
faba-273	88	14	by	by	ADP
faba-273	88	15	esg	esg	NOUN
faba-273	88	16	compliance	compliance	NOUN
faba-273	88	17	whereas	whereas	SCONJ
faba-273	88	18	developing	develop	VERB
faba-273	88	19	countries	country	NOUN
faba-273	88	20	commercial	commercial	ADJ
faba-273	88	21	bank	bank	NOUN
faba-273	88	22	returns	return	NOUN
faba-273	88	23	is	be	AUX
faba-273	88	24	negatively	negatively	ADV
faba-273	88	25	affected	affect	VERB
faba-273	88	26	by	by	ADP
faba-273	88	27	esg	esg	PROPN
faba-273	88	28	compliance	compliance	NOUN
faba-273	88	29	.	.	PUNCT
faba-273	89	1	that	that	SCONJ
faba-273	89	2	authors	author	NOUN
faba-273	89	3	suggest	suggest	VERB
faba-273	89	4	that	that	SCONJ
faba-273	89	5	developed	develop	VERB
faba-273	89	6	nations	nation	NOUN
faba-273	89	7	have	have	AUX
faba-273	89	8	created	create	VERB
faba-273	89	9	policies	policy	NOUN
faba-273	89	10	that	that	PRON
faba-273	89	11	makes	make	VERB
faba-273	89	12	commercial	commercial	ADJ
faba-273	89	13	banks	bank	NOUN
faba-273	89	14	more	more	ADV
faba-273	89	15	resilient	resilient	ADJ
faba-273	89	16	to	to	ADP
faba-273	89	17	esg	esg	NOUN
faba-273	89	18	compliance	compliance	NOUN
faba-273	89	19	whereas	whereas	SCONJ
faba-273	89	20	developing	develop	VERB
faba-273	89	21	countries	country	NOUN
faba-273	89	22	are	be	AUX
faba-273	89	23	yet	yet	ADV
faba-273	89	24	to	to	PART
faba-273	89	25	develop	develop	VERB
faba-273	89	26	such	such	ADJ
faba-273	89	27	policies	policy	NOUN
faba-273	89	28	.	.	PUNCT
faba-273	90	1	in	in	ADP
faba-273	90	2	a	a	DET
faba-273	90	3	more	more	ADV
faba-273	90	4	recent	recent	ADJ
faba-273	90	5	study	study	NOUN
faba-273	90	6	,	,	PUNCT
faba-273	90	7	ersoy	ersoy	PROPN
faba-273	90	8	et	et	PROPN
faba-273	90	9	al	al	PROPN
faba-273	90	10	.	.	PROPN
faba-273	90	11	(	(	PUNCT
faba-273	90	12	2022	2022	NUM
faba-273	90	13	)	)	PUNCT
faba-273	90	14	examined	examine	VERB
faba-273	90	15	the	the	DET
faba-273	90	16	effect	effect	NOUN
faba-273	90	17	of	of	ADP
faba-273	90	18	esg	esg	NOUN
faba-273	90	19	compliance	compliance	NOUN
faba-273	90	20	on	on	ADP
faba-273	90	21	the	the	DET
faba-273	90	22	market	market	NOUN
faba-273	90	23	value	value	NOUN
faba-273	90	24	of	of	ADP
faba-273	90	25	commercial	commercial	ADJ
faba-273	90	26	banks	bank	NOUN
faba-273	90	27	in	in	ADP
faba-273	90	28	the	the	DET
faba-273	90	29	united	united	PROPN
faba-273	90	30	states	states	PROPN
faba-273	90	31	(	(	PUNCT
faba-273	90	32	us	us	PROPN
faba-273	90	33	)	)	PUNCT
faba-273	90	34	banking	banking	NOUN
faba-273	90	35	sector	sector	NOUN
faba-273	90	36	.	.	PUNCT
faba-273	91	1	the	the	DET
faba-273	91	2	authors	author	NOUN
faba-273	91	3	consider	consider	VERB
faba-273	91	4	the	the	DET
faba-273	91	5	returns	return	NOUN
faba-273	91	6	of	of	ADP
faba-273	91	7	commercial	commercial	ADJ
faba-273	91	8	banks	bank	NOUN
faba-273	91	9	as	as	ADP
faba-273	91	10	a	a	DET
faba-273	91	11	proxy	proxy	NOUN
faba-273	91	12	for	for	ADP
faba-273	91	13	market	market	NOUN
faba-273	91	14	value	value	NOUN
faba-273	91	15	whereas	whereas	SCONJ
faba-273	91	16	esg	esg	PROPN
faba-273	91	17	compliance	compliance	NOUN
faba-273	91	18	was	be	AUX
faba-273	91	19	attained	attain	VERB
faba-273	91	20	from	from	ADP
faba-273	91	21	the	the	DET
faba-273	91	22	financial	financial	ADJ
faba-273	91	23	statements	statement	NOUN
faba-273	91	24	of	of	ADP
faba-273	91	25	commercial	commercial	ADJ
faba-273	91	26	banks	bank	NOUN
faba-273	91	27	.	.	PUNCT
faba-273	92	1	the	the	DET
faba-273	92	2	unbalance	unbalance	NOUN
faba-273	92	3	nonlinear	nonlinear	ADJ
faba-273	92	4	panel	panel	NOUN
faba-273	92	5	model	model	NOUN
faba-273	92	6	demonstrates	demonstrate	VERB
faba-273	92	7	that	that	SCONJ
faba-273	92	8	there	there	PRON
faba-273	92	9	is	be	VERB
faba-273	92	10	a	a	DET
faba-273	92	11	timevarying	timevarying	NOUN
faba-273	92	12	effect	effect	NOUN
faba-273	92	13	between	between	ADP
faba-273	92	14	esg	esg	NOUN
faba-273	92	15	compliance	compliance	NOUN
faba-273	92	16	and	and	CCONJ
faba-273	92	17	commercial	commercial	ADJ
faba-273	92	18	bank	bank	NOUN
faba-273	92	19	returns	return	NOUN
faba-273	92	20	.	.	PUNCT
faba-273	93	1	that	that	PRON
faba-273	93	2	being	be	AUX
faba-273	93	3	,	,	PUNCT
faba-273	93	4	the	the	DET
faba-273	93	5	state	state	NOUN
faba-273	93	6	of	of	ADP
faba-273	93	7	the	the	DET
faba-273	93	8	bank	bank	NOUN
faba-273	93	9	sector	sector	NOUN
faba-273	93	10	dictates	dictate	VERB
faba-273	93	11	the	the	DET
faba-273	93	12	effect	effect	NOUN
faba-273	93	13	,	,	PUNCT
faba-273	93	14	where	where	SCONJ
faba-273	93	15	esg	esg	NOUN
faba-273	93	16	compliance	compliance	NOUN
faba-273	93	17	has	have	VERB
faba-273	93	18	a	a	DET
faba-273	93	19	negative	negative	ADJ
faba-273	93	20	effect	effect	NOUN
faba-273	93	21	on	on	ADP
faba-273	93	22	commercial	commercial	ADJ
faba-273	93	23	bank	bank	NOUN
faba-273	93	24	returns	return	NOUN
faba-273	93	25	during	during	ADP
faba-273	93	26	covid-19	covid-19	PROPN
faba-273	93	27	but	but	CCONJ
faba-273	93	28	pre	pre	PROPN
faba-273	93	29	-	-	ADJ
faba-273	93	30	covid-19	covid-19	PROPN
faba-273	93	31	,	,	PUNCT
faba-273	93	32	bank	bank	NOUN
faba-273	93	33	returns	return	NOUN
faba-273	93	34	was	be	AUX
faba-273	93	35	positively	positively	ADV
faba-273	93	36	influenced	influence	VERB
faba-273	93	37	by	by	ADP
faba-273	93	38	esg	esg	PROPN
faba-273	93	39	compliance	compliance	NOUN
faba-273	93	40	.	.	PUNCT
faba-273	94	1	the	the	DET
faba-273	94	2	review	review	NOUN
faba-273	94	3	of	of	ADP
faba-273	94	4	empirical	empirical	ADJ
faba-273	94	5	literature	literature	NOUN
faba-273	94	6	reveals	reveal	VERB
faba-273	94	7	that	that	SCONJ
faba-273	94	8	esg	esg	PROPN
faba-273	94	9	compliance	compliance	NOUN
faba-273	94	10	and	and	CCONJ
faba-273	94	11	the	the	DET
faba-273	94	12	banking	banking	NOUN
faba-273	94	13	sector	sector	NOUN
faba-273	94	14	is	be	AUX
faba-273	94	15	dominated	dominate	VERB
faba-273	94	16	in	in	ADP
faba-273	94	17	the	the	DET
faba-273	94	18	international	international	ADJ
faba-273	94	19	setting	setting	NOUN
faba-273	94	20	with	with	ADP
faba-273	94	21	little	little	ADJ
faba-273	94	22	to	to	PART
faba-273	94	23	no	no	DET
faba-273	94	24	emphasis	emphasis	NOUN
faba-273	94	25	placed	place	VERB
faba-273	94	26	on	on	ADP
faba-273	94	27	south	south	ADJ
faba-273	94	28	african	african	ADJ
faba-273	94	29	commercial	commercial	ADJ
faba-273	94	30	banks	bank	NOUN
faba-273	94	31	.	.	PUNCT
faba-273	95	1	moreover	moreover	ADV
faba-273	95	2	,	,	PUNCT
faba-273	95	3	where	where	SCONJ
faba-273	95	4	studies	study	NOUN
faba-273	95	5	have	have	AUX
faba-273	95	6	considered	consider	VERB
faba-273	95	7	esg	esg	NOUN
faba-273	95	8	compliance	compliance	NOUN
faba-273	95	9	in	in	ADP
faba-273	95	10	the	the	DET
faba-273	95	11	banking	banking	NOUN
faba-273	95	12	sector	sector	NOUN
faba-273	95	13	,	,	PUNCT
faba-273	95	14	literature	literature	NOUN
faba-273	95	15	is	be	AUX
faba-273	95	16	centred	centre	VERB
faba-273	95	17	on	on	ADP
faba-273	95	18	the	the	DET
faba-273	95	19	effect	effect	NOUN
faba-273	95	20	of	of	ADP
faba-273	95	21	esg	esg	PROPN
faba-273	95	22	on	on	ADP
faba-273	95	23	banking	banking	NOUN
faba-273	95	24	performance	performance	NOUN
faba-273	95	25	as	as	ADP
faba-273	95	26	appose	appose	NOUN
faba-273	95	27	to	to	ADP
faba-273	95	28	banking	banking	NOUN
faba-273	95	29	return	return	NOUN
faba-273	95	30	.	.	PUNCT
faba-273	96	1	furthermore	furthermore	ADV
faba-273	96	2	,	,	PUNCT
faba-273	96	3	there	there	PRON
faba-273	96	4	is	be	VERB
faba-273	96	5	mixed	mixed	ADJ
faba-273	96	6	findings	finding	NOUN
faba-273	96	7	on	on	ADP
faba-273	96	8	the	the	DET
faba-273	96	9	influence	influence	NOUN
faba-273	96	10	of	of	ADP
faba-273	96	11	esg	esg	PROPN
faba-273	96	12	on	on	ADP
faba-273	96	13	commercial	commercial	ADJ
faba-273	96	14	bank	bank	NOUN
faba-273	96	15	performance	performance	NOUN
faba-273	96	16	as	as	SCONJ
faba-273	96	17	some	some	DET
faba-273	96	18	academics	academic	NOUN
faba-273	96	19	find	find	VERB
faba-273	96	20	a	a	DET
faba-273	96	21	positive	positive	ADJ
faba-273	96	22	effect	effect	NOUN
faba-273	96	23	whereas	whereas	SCONJ
faba-273	96	24	other	other	ADJ
faba-273	96	25	authors	author	NOUN
faba-273	96	26	find	find	VERB
faba-273	96	27	a	a	DET
faba-273	96	28	negative	negative	ADJ
faba-273	96	29	effect	effect	NOUN
faba-273	96	30	and	and	CCONJ
faba-273	96	31	some	some	PRON
faba-273	96	32	finding	find	VERB
faba-273	96	33	no	no	DET
faba-273	96	34	effect	effect	NOUN
faba-273	96	35	.	.	PUNCT
faba-273	97	1	on	on	ADP
faba-273	97	2	this	this	DET
faba-273	97	3	basis	basis	NOUN
faba-273	97	4	the	the	DET
faba-273	97	5	study	study	NOUN
faba-273	97	6	examines	examine	VERB
faba-273	97	7	the	the	DET
faba-273	97	8	effect	effect	NOUN
faba-273	97	9	of	of	ADP
faba-273	97	10	esg	esg	PROPN
faba-273	97	11	on	on	ADP
faba-273	97	12	commercial	commercial	ADJ
faba-273	97	13	bank	bank	NOUN
faba-273	97	14	returns	return	NOUN
faba-273	97	15	in	in	ADP
faba-273	97	16	south	south	PROPN
faba-273	97	17	africa	africa	PROPN
faba-273	97	18	.	.	PUNCT
faba-273	98	1	the	the	DET
faba-273	98	2	study	study	NOUN
faba-273	98	3	is	be	AUX
faba-273	98	4	important	important	ADJ
faba-273	98	5	as	as	SCONJ
faba-273	98	6	it	it	PRON
faba-273	98	7	contributes	contribute	VERB
faba-273	98	8	to	to	ADP
faba-273	98	9	solidifying	solidify	VERB
faba-273	98	10	the	the	DET
faba-273	98	11	mixed	mixed	ADJ
faba-273	98	12	findings	finding	NOUN
faba-273	98	13	and	and	CCONJ
faba-273	98	14	introducing	introduce	VERB
faba-273	98	15	the	the	DET
faba-273	98	16	concept	concept	NOUN
faba-273	98	17	within	within	ADP
faba-273	98	18	the	the	DET
faba-273	98	19	south	south	ADJ
faba-273	98	20	african	african	ADJ
faba-273	98	21	banking	banking	NOUN
faba-273	98	22	sector	sector	NOUN
faba-273	98	23	which	which	PRON
faba-273	98	24	is	be	AUX
faba-273	98	25	non	non	ADJ
faba-273	98	26	-	-	ADJ
faba-273	98	27	existent	existent	ADJ
faba-273	98	28	.	.	PUNCT
faba-273	99	1	therefore	therefore	ADV
faba-273	99	2	,	,	PUNCT
faba-273	99	3	the	the	DET
faba-273	99	4	findings	finding	NOUN
faba-273	99	5	of	of	ADP
faba-273	99	6	the	the	DET
faba-273	99	7	study	study	NOUN
faba-273	99	8	will	will	AUX
faba-273	99	9	have	have	VERB
faba-273	99	10	important	important	ADJ
faba-273	99	11	implications	implication	NOUN
faba-273	99	12	for	for	ADP
faba-273	99	13	investors	investor	NOUN
faba-273	99	14	,	,	PUNCT
faba-273	99	15	fund	fund	NOUN
faba-273	99	16	managers	manager	NOUN
faba-273	99	17	and	and	CCONJ
faba-273	99	18	policy	policy	NOUN
faba-273	99	19	makers	maker	NOUN
faba-273	99	20	which	which	PRON
faba-273	99	21	will	will	AUX
faba-273	99	22	better	well	ADV
faba-273	99	23	assist	assist	VERB
faba-273	99	24	these	these	DET
faba-273	99	25	individuals	individual	NOUN
faba-273	99	26	with	with	ADP
faba-273	99	27	carrying	carry	VERB
faba-273	99	28	out	out	ADP
faba-273	99	29	their	their	PRON
faba-273	99	30	duties	duty	NOUN
faba-273	99	31	.	.	PUNCT
faba-273	100	1	methods	method	NOUN
faba-273	100	2	the	the	DET
faba-273	100	3	study	study	NOUN
faba-273	100	4	employs	employ	VERB
faba-273	100	5	a	a	DET
faba-273	100	6	panel	panel	NOUN
faba-273	100	7	data	datum	NOUN
faba-273	100	8	regression	regression	NOUN
faba-273	100	9	analysis	analysis	NOUN
faba-273	100	10	which	which	PRON
faba-273	100	11	entails	entail	VERB
faba-273	100	12	the	the	DET
faba-273	100	13	use	use	NOUN
faba-273	100	14	of	of	ADP
faba-273	100	15	the	the	DET
faba-273	100	16	random	random	ADJ
faba-273	100	17	model	model	NOUN
faba-273	100	18	(	(	PUNCT
faba-273	100	19	rm	rm	NOUN
faba-273	100	20	)	)	PUNCT
faba-273	100	21	and	and	CCONJ
faba-273	100	22	the	the	DET
faba-273	100	23	fixed	fix	VERB
faba-273	100	24	effects	effect	NOUN
faba-273	100	25	(	(	PUNCT
faba-273	100	26	fe	fe	NOUN
faba-273	100	27	)	)	PUNCT
faba-273	100	28	as	as	ADP
faba-273	100	29	an	an	DET
faba-273	100	30	empirical	empirical	ADJ
faba-273	100	31	model	model	NOUN
faba-273	100	32	to	to	PART
faba-273	100	33	analyse	analyse	VERB
faba-273	100	34	the	the	DET
faba-273	100	35	relationship	relationship	NOUN
faba-273	100	36	between	between	ADP
faba-273	100	37	the	the	DET
faba-273	100	38	south	south	ADJ
faba-273	100	39	african	african	ADJ
faba-273	100	40	bank	bank	NOUN
faba-273	100	41	returns	return	NOUN
faba-273	100	42	and	and	CCONJ
faba-273	100	43	the	the	DET
faba-273	100	44	esg	esg	NOUN
faba-273	100	45	compliance	compliance	NOUN
faba-273	100	46	of	of	ADP
faba-273	100	47	the	the	DET
faba-273	100	48	same	same	ADJ
faba-273	100	49	banking	banking	NOUN
faba-273	100	50	sector	sector	NOUN
faba-273	100	51	in	in	ADP
faba-273	100	52	south	south	PROPN
faba-273	100	53	africa	africa	PROPN
faba-273	100	54	.	.	PUNCT
faba-273	101	1	as	as	SCONJ
faba-273	101	2	used	use	VERB
faba-273	101	3	by	by	ADP
faba-273	101	4	lawrence	lawrence	PROPN
faba-273	101	5	,	,	PUNCT
faba-273	101	6	doorasamy	doorasamy	ADJ
faba-273	101	7	and	and	CCONJ
faba-273	101	8	sarpong	sarpong	ADJ
faba-273	101	9	(	(	PUNCT
faba-273	101	10	2020	2020	NUM
faba-273	101	11	)	)	PUNCT
faba-273	101	12	,	,	PUNCT
faba-273	101	13	anande	anande	NOUN
faba-273	101	14	-	-	PUNCT
faba-273	101	15	kur	kur	NOUN
faba-273	101	16	et	et	PROPN
faba-273	101	17	al	al	PROPN
faba-273	101	18	(	(	PUNCT
faba-273	101	19	2020	2020	NUM
faba-273	101	20	)	)	PUNCT
faba-273	101	21	and	and	CCONJ
faba-273	101	22	al	al	PROPN
faba-273	101	23	-	-	PUNCT
faba-273	101	24	homaidi	homaidi	PROPN
faba-273	101	25	et	et	PROPN
faba-273	101	26	al	al	PROPN
faba-273	101	27	(	(	PUNCT
faba-273	101	28	2018	2018	NUM
faba-273	101	29	)	)	PUNCT
faba-273	101	30	,	,	PUNCT
faba-273	101	31	the	the	DET
faba-273	101	32	study	study	NOUN
faba-273	101	33	uses	use	VERB
faba-273	101	34	the	the	DET
faba-273	101	35	panel	panel	NOUN
faba-273	101	36	model	model	NOUN
faba-273	101	37	as	as	SCONJ
faba-273	101	38	expressed	express	VERB
faba-273	101	39	in	in	ADP
faba-273	101	40	the	the	DET
faba-273	101	41	model	model	NOUN
faba-273	101	42	specification	specification	NOUN
faba-273	101	43	.	.	PUNCT
faba-273	102	1	data	datum	NOUN
faba-273	102	2	source	source	VERB
faba-273	102	3	the	the	DET
faba-273	102	4	authors	author	NOUN
faba-273	102	5	constructed	construct	VERB
faba-273	102	6	a	a	DET
faba-273	102	7	cross	cross	ADJ
faba-273	102	8	-	-	ADJ
faba-273	102	9	sectional	sectional	ADJ
faba-273	102	10	dataset	dataset	NOUN
faba-273	102	11	from	from	ADP
faba-273	102	12	the	the	DET
faba-273	102	13	annual	annual	ADJ
faba-273	102	14	balance	balance	NOUN
faba-273	102	15	sheet	sheet	NOUN
faba-273	102	16	of	of	ADP
faba-273	102	17	sampled	sample	VERB
faba-273	102	18	banks	bank	NOUN
faba-273	102	19	for	for	ADP
faba-273	102	20	the	the	DET
faba-273	102	21	estimation	estimation	NOUN
faba-273	102	22	of	of	ADP
faba-273	102	23	the	the	DET
faba-273	102	24	returns	return	NOUN
faba-273	102	25	.	.	PUNCT
faba-273	103	1	the	the	DET
faba-273	103	2	quarterly	quarterly	ADJ
faba-273	103	3	returns	return	NOUN
faba-273	103	4	of	of	ADP
faba-273	103	5	the	the	DET
faba-273	103	6	banks	bank	NOUN
faba-273	103	7	are	be	AUX
faba-273	103	8	estimated	estimate	VERB
faba-273	103	9	from	from	ADP
faba-273	103	10	equation	equation	NOUN
faba-273	103	11	1	1	NUM
faba-273	103	12	,	,	PUNCT
faba-273	103	13	from	from	ADP
faba-273	103	14	their	their	PRON
faba-273	103	15	price	price	NOUN
faba-273	103	16	values	value	NOUN
faba-273	103	17	which	which	PRON
faba-273	103	18	are	be	AUX
faba-273	103	19	extracted	extract	VERB
faba-273	103	20	from	from	ADP
faba-273	103	21	mcgregor	mcgregor	PROPN
faba-273	103	22	data	datum	NOUN
faba-273	103	23	base	base	NOUN
faba-273	103	24	,	,	PUNCT
faba-273	103	25	alongside	alongside	ADP
faba-273	103	26	the	the	DET
faba-273	103	27	macroeconomic	macroeconomic	ADJ
faba-273	103	28	related	relate	VERB
faba-273	103	29	variables	variable	NOUN
faba-273	103	30	and	and	CCONJ
faba-273	103	31	the	the	DET
faba-273	103	32	esg	esg	PROPN
faba-273	103	33	values	value	NOUN
faba-273	103	34	.	.	PUNCT
faba-273	104	1	the	the	DET
faba-273	104	2	top	top	ADJ
faba-273	104	3	5	5	NUM
faba-273	104	4	banks	bank	NOUN
faba-273	104	5	(	(	PUNCT
faba-273	104	6	absa	absa	PROPN
faba-273	104	7	,	,	PUNCT
faba-273	104	8	standard	standard	ADJ
faba-273	104	9	bank	bank	PROPN
faba-273	104	10	,	,	PUNCT
faba-273	104	11	nedbank	nedbank	PROPN
faba-273	104	12	,	,	PUNCT
faba-273	104	13	capitec	capitec	ADJ
faba-273	104	14	bank	bank	NOUN
faba-273	104	15	and	and	CCONJ
faba-273	104	16	investec	investec	ADJ
faba-273	104	17	bank	bank	NOUN
faba-273	104	18	)	)	PUNCT
faba-273	104	19	from	from	ADP
faba-273	104	20	the	the	DET
faba-273	104	21	south	south	ADJ
faba-273	104	22	african	african	ADJ
faba-273	104	23	banking	banking	NOUN
faba-273	104	24	system	system	NOUN
faba-273	104	25	were	be	AUX
faba-273	104	26	selected	select	VERB
faba-273	104	27	for	for	ADP
faba-273	104	28	this	this	DET
faba-273	104	29	study	study	NOUN
faba-273	104	30	based	base	VERB
faba-273	104	31	on	on	ADP
faba-273	104	32	the	the	DET
faba-273	104	33	percentage	percentage	NOUN
faba-273	104	34	contribution	contribution	NOUN
faba-273	104	35	of	of	ADP
faba-273	104	36	their	their	PRON
faba-273	104	37	collective	collective	ADJ
faba-273	104	38	assets	asset	NOUN
faba-273	104	39	to	to	ADP
faba-273	104	40	the	the	DET
faba-273	104	41	south	south	ADJ
faba-273	104	42	african	african	ADJ
faba-273	104	43	banking	banking	NOUN
faba-273	104	44	sector	sector	NOUN
faba-273	104	45	.	.	PUNCT
faba-273	105	1	hence	hence	ADV
faba-273	105	2	the	the	DET
faba-273	105	3	sample	sample	NOUN
faba-273	105	4	size	size	NOUN
faba-273	105	5	for	for	ADP
faba-273	105	6	these	these	DET
faba-273	105	7	5	5	NUM
faba-273	105	8	banks	bank	NOUN
faba-273	105	9	was	be	AUX
faba-273	105	10	arrived	arrive	VERB
faba-273	105	11	based	base	VERB
faba-273	105	12	on	on	ADP
faba-273	105	13	availability	availability	NOUN
faba-273	105	14	of	of	ADP
faba-273	105	15	data	datum	NOUN
faba-273	105	16	and	and	CCONJ
faba-273	105	17	set	set	VERB
faba-273	105	18	criteria	criterion	NOUN
faba-273	105	19	covering	cover	VERB
faba-273	105	20	the	the	DET
faba-273	105	21	period	period	NOUN
faba-273	105	22	2015	2015	NUM
faba-273	105	23	to	to	ADP
faba-273	105	24	2024	2024	NUM
faba-273	105	25	.	.	PUNCT
faba-273	106	1	𝑃𝑅𝑖𝑡	𝑃𝑅𝑖𝑡	ADV
faba-273	106	2	=	=	PUNCT
faba-273	106	3	𝑝𝑡𝑖	𝑝𝑡𝑖	NOUN
faba-273	106	4	−	−	PROPN
faba-273	106	5	𝑝𝑡𝑜	𝑝𝑡𝑜	NOUN
faba-273	106	6	𝑃𝑡𝑜	𝑃𝑡𝑜	PROPN
faba-273	106	7	(	(	PUNCT
faba-273	106	8	1	1	NUM
faba-273	106	9	)	)	PUNCT
faba-273	106	10	where	where	SCONJ
faba-273	106	11	:	:	PUNCT
faba-273	106	12	𝑝𝑡𝑖	𝑝𝑡𝑖	NOUN
faba-273	106	13	,	,	PUNCT
faba-273	106	14	𝑝𝑡𝑜	𝑝𝑡𝑜	NOUN
faba-273	106	15	and	and	CCONJ
faba-273	106	16	𝑃𝑅𝑖𝑡	𝑃𝑅𝑖𝑡	PROPN
faba-273	106	17	represent	represent	VERB
faba-273	106	18	the	the	DET
faba-273	106	19	price	price	NOUN
faba-273	106	20	at	at	ADP
faba-273	106	21	the	the	DET
faba-273	106	22	current	current	ADJ
faba-273	106	23	time	time	NOUN
faba-273	106	24	,	,	PUNCT
faba-273	106	25	price	price	NOUN
faba-273	106	26	at	at	ADP
faba-273	106	27	the	the	DET
faba-273	106	28	initial	initial	ADJ
faba-273	106	29	time	time	NOUN
faba-273	106	30	,	,	PUNCT
faba-273	106	31	and	and	CCONJ
faba-273	106	32	price	price	NOUN
faba-273	106	33	return	return	NOUN
faba-273	106	34	respectively	respectively	ADV
faba-273	106	35	.	.	PUNCT
faba-273	107	1	model	model	NOUN
faba-273	107	2	specification	specification	NOUN
faba-273	107	3	𝐵𝑎𝑛𝑘	𝐵𝑎𝑛𝑘	PROPN
faba-273	107	4	−	−	PROPN
faba-273	107	5	𝑅𝑒𝑡𝑢𝑟𝑛𝑠𝑖𝑡	𝑅𝑒𝑡𝑢𝑟𝑛𝑠𝑖𝑡	PROPN
faba-273	107	6	=	=	SYM
faba-273	107	7	𝑎0	𝑎0	PROPN
faba-273	107	8	+	+	CCONJ
faba-273	107	9	𝜆1𝐸𝑆𝐺𝑖𝑡	𝜆1𝐸𝑆𝐺𝑖𝑡	NOUN
faba-273	108	1	+	+	CCONJ
faba-273	108	2	𝜆2	𝜆2	X
faba-273	108	3	𝐶𝑃𝐼𝑖𝑡	𝐶𝑃𝐼𝑖𝑡	PROPN
faba-273	109	1	+	+	CCONJ
faba-273	109	2	𝜆3𝑀2𝑖𝑡	𝜆3𝑀2𝑖𝑡	NOUN
faba-273	109	3	+	+	NUM
faba-273	109	4	𝜆4𝑆𝑇	𝜆4𝑆𝑇	NOUN
faba-273	109	5	−	−	PROPN
faba-273	109	6	𝐼𝑁𝑇𝑖𝑡	𝐼𝑁𝑇𝑖𝑡	NOUN
faba-273	109	7	+	+	CCONJ
faba-273	109	8	𝜆5𝐿𝑇	𝜆5𝐿𝑇	PROPN
faba-273	109	9	−	−	PROPN
faba-273	109	10	𝐼𝑁𝑇𝑖𝑡	𝐼𝑁𝑇𝑖𝑡	NOUN
faba-273	109	11	+	+	CCONJ
faba-273	109	12	𝜆6𝐺𝐷𝑃𝑖𝑡	𝜆6𝐺𝐷𝑃𝑖𝑡	NOUN
faba-273	110	1	+	+	CCONJ
faba-273	110	2	𝜆7𝑅𝐸𝐸𝑅𝑖𝑡	𝜆7𝑅𝐸𝐸𝑅𝑖𝑡	X
faba-273	110	3	+	+	NUM
faba-273	110	4	𝑒𝑡𝑖𝑡	𝑒𝑡𝑖𝑡	NOUN
faba-273	110	5	(	(	PUNCT
faba-273	110	6	2	2	NUM
faba-273	110	7	)	)	PUNCT
faba-273	110	8	where	where	SCONJ
faba-273	110	9	:	:	PUNCT
faba-273	110	10	𝐵𝑎𝑛𝑘	𝐵𝑎𝑛𝑘	PROPN
faba-273	110	11	−	−	PROPN
faba-273	110	12	𝑅𝑒𝑡𝑢𝑟𝑛𝑠	𝑅𝑒𝑡𝑢𝑟𝑛𝑠	PROPN
faba-273	110	13	is	be	AUX
faba-273	110	14	the	the	DET
faba-273	110	15	returns	return	NOUN
faba-273	110	16	on	on	ADP
faba-273	110	17	bank	bank	PROPN
faba-273	110	18	i	i	PRON
faba-273	110	19	for	for	ADP
faba-273	110	20	the	the	DET
faba-273	110	21	year	year	NOUN
faba-273	110	22	t	t	PROPN
faba-273	110	23	,	,	PUNCT
faba-273	110	24	𝝀1	𝝀1	PROPN
faba-273	110	25	,	,	PUNCT
faba-273	110	26	is	be	AUX
faba-273	110	27	a	a	DET
faba-273	110	28	constant	constant	ADJ
faba-273	110	29	term	term	NOUN
faba-273	110	30	,	,	PUNCT
faba-273	110	31	𝝀2	𝝀2	PROPN
faba-273	110	32	to	to	ADP
faba-273	110	33	,	,	PUNCT
faba-273	110	34	𝝀7	𝝀7	PROPN
faba-273	110	35	are	be	AUX
faba-273	110	36	the	the	DET
faba-273	110	37	coefficients	coefficient	NOUN
faba-273	110	38	of	of	ADP
faba-273	110	39	the	the	DET
faba-273	110	40	independent	independent	ADJ
faba-273	110	41	variables	variable	NOUN
faba-273	110	42	.	.	PUNCT
faba-273	111	1	esg	esg	NOUN
faba-273	111	2	is	be	AUX
faba-273	111	3	the	the	DET
faba-273	111	4	environmental	environmental	ADJ
faba-273	111	5	,	,	PUNCT
faba-273	111	6	social	social	ADJ
faba-273	111	7	and	and	CCONJ
faba-273	111	8	governance	governance	NOUN
faba-273	111	9	(	(	PUNCT
faba-273	111	10	esg	esg	NOUN
faba-273	111	11	)	)	PUNCT
faba-273	111	12	compliance	compliance	NOUN
faba-273	111	13	of	of	ADP
faba-273	111	14	commercial	commercial	ADJ
faba-273	111	15	banks	bank	NOUN
faba-273	111	16	.	.	PUNCT
faba-273	112	1	cpi	cpi	PROPN
faba-273	112	2	represents	represent	VERB
faba-273	112	3	the	the	DET
faba-273	112	4	consumer	consumer	NOUN
faba-273	112	5	price	price	NOUN
faba-273	112	6	index	index	NOUN
faba-273	112	7	,	,	PUNCT
faba-273	112	8	which	which	PRON
faba-273	112	9	is	be	AUX
faba-273	112	10	the	the	DET
faba-273	112	11	proxy	proxy	NOUN
faba-273	112	12	for	for	ADP
faba-273	112	13	inflation	inflation	NOUN
faba-273	112	14	,	,	PUNCT
faba-273	112	15	m2	m2	PROPN
faba-273	112	16	represents	represent	VERB
faba-273	112	17	the	the	DET
faba-273	112	18	money	money	NOUN
faba-273	112	19	supply	supply	NOUN
faba-273	112	20	of	of	ADP
faba-273	112	21	the	the	DET
faba-273	112	22	country	country	NOUN
faba-273	112	23	,	,	PUNCT
faba-273	112	24	st	st	NOUN
faba-273	112	25	-	-	PUNCT
faba-273	112	26	int	int	NOUN
faba-273	112	27	and	and	CCONJ
faba-273	112	28	lt	lt	ADJ
faba-273	112	29	-	-	PUNCT
faba-273	112	30	int	int	NOUN
faba-273	112	31	represent	represent	VERB
faba-273	112	32	the	the	DET
faba-273	112	33	shortand	shortand	NOUN
faba-273	112	34	long	long	ADJ
faba-273	112	35	-	-	PUNCT
faba-273	112	36	term	term	NOUN
faba-273	112	37	interest	interest	NOUN
faba-273	112	38	rate	rate	NOUN
faba-273	112	39	,	,	PUNCT
faba-273	112	40	as	as	SCONJ
faba-273	112	41	gdp	gdp	NOUN
faba-273	112	42	and	and	CCONJ
faba-273	112	43	reer	reer	PROPN
faba-273	112	44	represent	represent	VERB
faba-273	112	45	the	the	DET
faba-273	112	46	gross	gross	ADJ
faba-273	112	47	domestic	domestic	ADJ
faba-273	112	48	product	product	NOUN
faba-273	112	49	and	and	CCONJ
faba-273	112	50	the	the	DET
faba-273	112	51	real	real	ADJ
faba-273	112	52	exchange	exchange	NOUN
faba-273	112	53	rate	rate	NOUN
faba-273	112	54	of	of	ADP
faba-273	112	55	the	the	DET
faba-273	112	56	sa	sa	PROPN
faba-273	112	57	economy	economy	NOUN
faba-273	112	58	under	under	ADP
faba-273	112	59	the	the	DET
faba-273	112	60	observed	observed	ADJ
faba-273	112	61	period	period	NOUN
faba-273	112	62	.	.	PUNCT
faba-273	113	1	babatunde	babatunde	PROPN
faba-273	113	2	lawrence	lawrence	PROPN
faba-273	113	3	,	,	PUNCT
faba-273	113	4	fabian	fabian	ADJ
faba-273	113	5	moodley/	moodley/	NUM
faba-273	113	6	finance	finance	NOUN
faba-273	113	7	,	,	PUNCT
faba-273	113	8	accounting	accounting	NOUN
faba-273	113	9	and	and	CCONJ
faba-273	113	10	business	business	NOUN
faba-273	113	11	analysis	analysis	NOUN
faba-273	113	12	,	,	PUNCT
faba-273	113	13	volume	volume	NOUN
faba-273	113	14	7	7	NUM
faba-273	113	15	,	,	PUNCT
faba-273	113	16	issue	issue	NOUN
faba-273	113	17	2	2	NUM
faba-273	113	18	,	,	PUNCT
faba-273	113	19	2025	2025	NUM
faba-273	113	20	202	202	NUM
faba-273	113	21	variable	variable	NOUN
faba-273	113	22	used	use	VERB
faba-273	113	23	in	in	ADP
faba-273	113	24	the	the	DET
faba-273	113	25	analysis	analysis	NOUN
faba-273	113	26	esg	esg	NOUN
faba-273	113	27	compliance	compliance	NOUN
faba-273	113	28	score	score	NOUN
faba-273	113	29	:	:	PUNCT
faba-273	113	30	environmental	environmental	ADJ
faba-273	113	31	,	,	PUNCT
faba-273	113	32	social	social	ADJ
faba-273	113	33	,	,	PUNCT
faba-273	113	34	and	and	CCONJ
faba-273	113	35	governance	governance	NOUN
faba-273	113	36	(	(	PUNCT
faba-273	113	37	esg	esg	PROPN
faba-273	113	38	)	)	PUNCT
faba-273	113	39	is	be	AUX
faba-273	113	40	another	another	DET
faba-273	113	41	name	name	NOUN
faba-273	113	42	for	for	ADP
faba-273	113	43	an	an	DET
faba-273	113	44	investing	investing	NOUN
faba-273	113	45	principle	principle	NOUN
faba-273	113	46	that	that	PRON
faba-273	113	47	prioritizes	prioritize	VERB
faba-273	113	48	environmental	environmental	ADJ
faba-273	113	49	issues	issue	NOUN
faba-273	113	50	,	,	PUNCT
faba-273	113	51	social	social	ADJ
faba-273	113	52	issues	issue	NOUN
faba-273	113	53	,	,	PUNCT
faba-273	113	54	and	and	CCONJ
faba-273	113	55	corporate	corporate	ADJ
faba-273	113	56	governance	governance	NOUN
faba-273	113	57	.	.	PUNCT
faba-273	114	1	investing	invest	VERB
faba-273	114	2	with	with	ADP
faba-273	114	3	esg	esg	PROPN
faba-273	114	4	considerations	consideration	NOUN
faba-273	114	5	is	be	AUX
faba-273	114	6	sometimes	sometimes	ADV
faba-273	114	7	referred	refer	VERB
faba-273	114	8	to	to	ADP
faba-273	114	9	as	as	ADP
faba-273	114	10	responsible	responsible	ADJ
faba-273	114	11	investing	investing	NOUN
faba-273	114	12	or	or	CCONJ
faba-273	114	13	,	,	PUNCT
faba-273	114	14	in	in	ADP
faba-273	114	15	more	more	ADV
faba-273	114	16	proactive	proactive	ADJ
faba-273	114	17	cases	case	NOUN
faba-273	114	18	,	,	PUNCT
faba-273	114	19	impact	impact	NOUN
faba-273	114	20	investing	investing	NOUN
faba-273	114	21	(	(	PUNCT
faba-273	114	22	gelle	gelle	NOUN
faba-273	114	23	2023	2023	NUM
faba-273	114	24	)	)	PUNCT
faba-273	114	25	.	.	PUNCT
faba-273	115	1	bank	bank	NOUN
faba-273	115	2	returns	return	NOUN
faba-273	115	3	:	:	PUNCT
faba-273	115	4	like	like	ADP
faba-273	115	5	those	those	PRON
faba-273	115	6	of	of	ADP
faba-273	115	7	any	any	DET
faba-273	115	8	company	company	NOUN
faba-273	115	9	,	,	PUNCT
faba-273	115	10	are	be	AUX
faba-273	115	11	the	the	DET
faba-273	115	12	profit	profit	NOUN
faba-273	115	13	or	or	CCONJ
faba-273	115	14	loss	loss	VERB
faba-273	115	15	an	an	DET
faba-273	115	16	investor	investor	NOUN
faba-273	115	17	makes	make	VERB
faba-273	115	18	on	on	ADP
faba-273	115	19	their	their	PRON
faba-273	115	20	investment	investment	NOUN
faba-273	115	21	,	,	PUNCT
faba-273	115	22	calculated	calculate	VERB
faba-273	115	23	as	as	ADP
faba-273	115	24	the	the	DET
faba-273	115	25	percentage	percentage	NOUN
faba-273	115	26	change	change	NOUN
faba-273	115	27	in	in	ADP
faba-273	115	28	price	price	NOUN
faba-273	115	29	over	over	ADP
faba-273	115	30	a	a	DET
faba-273	115	31	period	period	NOUN
faba-273	115	32	,	,	PUNCT
faba-273	115	33	and	and	CCONJ
faba-273	115	34	can	can	AUX
faba-273	115	35	be	be	AUX
faba-273	115	36	influenced	influence	VERB
faba-273	115	37	by	by	ADP
faba-273	115	38	various	various	ADJ
faba-273	115	39	factors	factor	NOUN
faba-273	115	40	like	like	ADP
faba-273	115	41	company	company	NOUN
faba-273	115	42	performance	performance	NOUN
faba-273	115	43	and	and	CCONJ
faba-273	115	44	broader	broad	ADJ
faba-273	115	45	market	market	NOUN
faba-273	115	46	conditions	condition	NOUN
faba-273	115	47	.	.	PUNCT
faba-273	116	1	gross	gross	ADJ
faba-273	116	2	domestic	domestic	ADJ
faba-273	116	3	product	product	NOUN
faba-273	116	4	:	:	PUNCT
faba-273	116	5	gdp	gdp	NOUN
faba-273	116	6	is	be	AUX
faba-273	116	7	a	a	DET
faba-273	116	8	macroeconomic	macroeconomic	ADJ
faba-273	116	9	indicator	indicator	NOUN
faba-273	116	10	that	that	PRON
faba-273	116	11	indicates	indicate	VERB
faba-273	116	12	the	the	DET
faba-273	116	13	value	value	NOUN
faba-273	116	14	of	of	ADP
faba-273	116	15	economic	economic	ADJ
faba-273	116	16	output	output	NOUN
faba-273	116	17	of	of	ADP
faba-273	116	18	a	a	DET
faba-273	116	19	country	country	NOUN
faba-273	116	20	adjusted	adjust	VERB
faba-273	116	21	for	for	ADP
faba-273	116	22	price	price	NOUN
faba-273	116	23	fluctuations	fluctuation	NOUN
faba-273	116	24	(	(	PUNCT
faba-273	116	25	i.e.	i.e.	X
faba-273	116	26	,	,	PUNCT
faba-273	116	27	inflation	inflation	NOUN
faba-273	116	28	or	or	CCONJ
faba-273	116	29	deflation	deflation	NOUN
faba-273	116	30	)	)	PUNCT
faba-273	116	31	.	.	PUNCT
faba-273	117	1	with	with	ADP
faba-273	117	2	this	this	DET
faba-273	117	3	modification	modification	NOUN
faba-273	117	4	,	,	PUNCT
faba-273	117	5	nominal	nominal	ADJ
faba-273	117	6	gdp	gdp	NOUN
faba-273	117	7	–	–	PUNCT
faba-273	117	8	a	a	DET
faba-273	117	9	money	money	NOUN
faba-273	117	10	-	-	PUNCT
faba-273	117	11	value	value	NOUN
faba-273	117	12	metric	metric	NOUN
faba-273	117	13	—	—	PUNCT
faba-273	117	14	becomes	become	VERB
faba-273	117	15	an	an	DET
faba-273	117	16	indicator	indicator	NOUN
faba-273	117	17	of	of	ADP
faba-273	117	18	the	the	DET
faba-273	117	19	amount	amount	NOUN
faba-273	117	20	of	of	ADP
faba-273	117	21	overall	overall	ADJ
faba-273	117	22	output	output	NOUN
faba-273	117	23	(	(	PUNCT
faba-273	117	24	barasa	barasa	PROPN
faba-273	117	25	2014	2014	NUM
faba-273	117	26	)	)	PUNCT
faba-273	117	27	.	.	PUNCT
faba-273	118	1	money	money	NOUN
faba-273	118	2	supply	supply	NOUN
faba-273	118	3	(	(	PUNCT
faba-273	118	4	m2	m2	PROPN
faba-273	118	5	):	):	PUNCT
faba-273	118	6	in	in	ADP
faba-273	118	7	macroeconomics	macroeconomic	NOUN
faba-273	118	8	,	,	PUNCT
faba-273	118	9	money	money	NOUN
faba-273	118	10	supply	supply	NOUN
faba-273	118	11	(	(	PUNCT
faba-273	118	12	or	or	CCONJ
faba-273	118	13	money	money	NOUN
faba-273	118	14	stock	stock	NOUN
faba-273	118	15	)	)	PUNCT
faba-273	118	16	refers	refer	VERB
faba-273	118	17	to	to	ADP
faba-273	118	18	the	the	DET
faba-273	118	19	total	total	ADJ
faba-273	118	20	volume	volume	NOUN
faba-273	118	21	of	of	ADP
faba-273	118	22	money	money	NOUN
faba-273	118	23	held	hold	VERB
faba-273	118	24	by	by	ADP
faba-273	118	25	the	the	DET
faba-273	118	26	public	public	NOUN
faba-273	118	27	at	at	ADP
faba-273	118	28	a	a	DET
faba-273	118	29	particular	particular	ADJ
faba-273	118	30	point	point	NOUN
faba-273	118	31	in	in	ADP
faba-273	118	32	time	time	NOUN
faba-273	118	33	.	.	PUNCT
faba-273	119	1	there	there	PRON
faba-273	119	2	are	be	VERB
faba-273	119	3	several	several	ADJ
faba-273	119	4	ways	way	NOUN
faba-273	119	5	to	to	PART
faba-273	119	6	define	define	VERB
faba-273	119	7	"	"	PUNCT
faba-273	119	8	money	money	NOUN
faba-273	119	9	"	"	PUNCT
faba-273	119	10	,	,	PUNCT
faba-273	119	11	but	but	CCONJ
faba-273	119	12	standard	standard	ADJ
faba-273	119	13	measures	measure	NOUN
faba-273	119	14	usually	usually	ADV
faba-273	119	15	include	include	VERB
faba-273	119	16	currency	currency	NOUN
faba-273	119	17	in	in	ADP
faba-273	119	18	circulation	circulation	NOUN
faba-273	119	19	(	(	PUNCT
faba-273	119	20	i.e.	i.e.	X
faba-273	119	21	physical	physical	ADJ
faba-273	119	22	cash	cash	NOUN
faba-273	119	23	)	)	PUNCT
faba-273	119	24	and	and	CCONJ
faba-273	119	25	demand	demand	VERB
faba-273	119	26	deposits	deposit	NOUN
faba-273	119	27	(	(	PUNCT
faba-273	119	28	depositors	depositor	NOUN
faba-273	119	29	'	'	PART
faba-273	119	30	easily	easily	ADV
faba-273	119	31	accessed	access	VERB
faba-273	119	32	assets	asset	NOUN
faba-273	119	33	on	on	ADP
faba-273	119	34	the	the	DET
faba-273	119	35	books	book	NOUN
faba-273	119	36	of	of	ADP
faba-273	119	37	financial	financial	ADJ
faba-273	119	38	institutions	institution	NOUN
faba-273	119	39	)	)	PUNCT
faba-273	119	40	(	(	PUNCT
faba-273	119	41	brunner	brunner	NOUN
faba-273	119	42	2018	2018	NUM
faba-273	119	43	)	)	PUNCT
faba-273	119	44	.	.	PUNCT
faba-273	120	1	real	real	ADJ
faba-273	120	2	exchange	exchange	NOUN
faba-273	120	3	rate	rate	NOUN
faba-273	120	4	:	:	PUNCT
faba-273	120	5	the	the	DET
faba-273	120	6	currency	currency	NOUN
faba-273	120	7	volatility	volatility	NOUN
faba-273	120	8	has	have	VERB
faba-273	120	9	effects	effect	NOUN
faba-273	120	10	on	on	ADP
faba-273	120	11	the	the	DET
faba-273	120	12	stock	stock	NOUN
faba-273	120	13	returns	return	NOUN
faba-273	120	14	.	.	PUNCT
faba-273	121	1	when	when	SCONJ
faba-273	121	2	currency	currency	NOUN
faba-273	121	3	appreciates	appreciate	VERB
faba-273	121	4	,	,	PUNCT
faba-273	121	5	in	in	ADP
faba-273	121	6	a	a	DET
faba-273	121	7	situation	situation	NOUN
faba-273	121	8	where	where	SCONJ
faba-273	121	9	the	the	DET
faba-273	121	10	country	country	NOUN
faba-273	121	11	is	be	AUX
faba-273	121	12	export	export	NOUN
faba-273	121	13	-	-	PUNCT
faba-273	121	14	oriented	orient	VERB
faba-273	121	15	,	,	PUNCT
faba-273	121	16	it	it	PRON
faba-273	121	17	is	be	AUX
faba-273	121	18	expected	expect	VERB
faba-273	121	19	that	that	SCONJ
faba-273	121	20	there	there	PRON
faba-273	121	21	will	will	AUX
faba-273	121	22	be	be	AUX
faba-273	121	23	a	a	DET
faba-273	121	24	reduction	reduction	NOUN
faba-273	121	25	in	in	ADP
faba-273	121	26	the	the	DET
faba-273	121	27	competitiveness	competitiveness	NOUN
faba-273	121	28	of	of	ADP
faba-273	121	29	exports	export	NOUN
faba-273	121	30	and	and	CCONJ
faba-273	121	31	would	would	AUX
faba-273	121	32	therefore	therefore	ADV
faba-273	121	33	have	have	VERB
faba-273	121	34	a	a	DET
faba-273	121	35	negative	negative	ADJ
faba-273	121	36	impact	impact	NOUN
faba-273	121	37	on	on	ADP
faba-273	121	38	the	the	DET
faba-273	121	39	domestic	domestic	ADJ
faba-273	121	40	stock	stock	NOUN
faba-273	121	41	market	market	NOUN
faba-273	121	42	.	.	PUNCT
faba-273	122	1	this	this	PRON
faba-273	122	2	is	be	AUX
faba-273	122	3	because	because	SCONJ
faba-273	122	4	the	the	DET
faba-273	122	5	export	export	NOUN
faba-273	122	6	-	-	PUNCT
faba-273	122	7	oriented	orient	VERB
faba-273	122	8	companies	company	NOUN
faba-273	122	9	quoted	quote	VERB
faba-273	122	10	on	on	ADP
faba-273	122	11	the	the	DET
faba-273	122	12	stock	stock	NOUN
faba-273	122	13	exchange	exchange	NOUN
faba-273	122	14	market	market	NOUN
faba-273	122	15	would	would	AUX
faba-273	122	16	be	be	AUX
faba-273	122	17	less	less	ADV
faba-273	122	18	profitable	profitable	ADJ
faba-273	122	19	and	and	CCONJ
faba-273	122	20	this	this	PRON
faba-273	122	21	may	may	AUX
faba-273	122	22	in	in	ADP
faba-273	122	23	turn	turn	NOUN
faba-273	122	24	become	become	VERB
faba-273	122	25	less	less	ADV
faba-273	122	26	attractive	attractive	ADJ
faba-273	122	27	to	to	ADP
faba-273	122	28	investors	investor	NOUN
faba-273	122	29	(	(	PUNCT
faba-273	122	30	muthike	muthike	ADJ
faba-273	122	31	and	and	CCONJ
faba-273	122	32	sakwa	sakwa	NOUN
faba-273	122	33	2012	2012	NUM
faba-273	122	34	)	)	PUNCT
faba-273	122	35	.	.	PUNCT
faba-273	123	1	inflation	inflation	NOUN
faba-273	123	2	(	(	PUNCT
faba-273	123	3	cpi	cpi	PROPN
faba-273	123	4	):	):	PUNCT
faba-273	123	5	inflation	inflation	NOUN
faba-273	123	6	as	as	SCONJ
faba-273	123	7	measured	measure	VERB
faba-273	123	8	by	by	ADP
faba-273	123	9	consumer	consumer	NOUN
faba-273	123	10	price	price	NOUN
faba-273	123	11	index	index	NOUN
faba-273	123	12	is	be	AUX
faba-273	123	13	a	a	DET
faba-273	123	14	macroeconomic	macroeconomic	ADJ
faba-273	123	15	index	index	NOUN
faba-273	123	16	that	that	PRON
faba-273	123	17	measures	measure	VERB
faba-273	123	18	the	the	DET
faba-273	123	19	rate	rate	NOUN
faba-273	123	20	of	of	ADP
faba-273	123	21	raise	raise	NOUN
faba-273	123	22	in	in	ADP
faba-273	123	23	the	the	DET
faba-273	123	24	cost	cost	NOUN
faba-273	123	25	of	of	ADP
faba-273	123	26	living	living	NOUN
faba-273	123	27	and	and	CCONJ
faba-273	123	28	results	result	NOUN
faba-273	123	29	in	in	ADP
faba-273	123	30	a	a	DET
faba-273	123	31	shift	shift	NOUN
faba-273	123	32	of	of	ADP
faba-273	123	33	resources	resource	NOUN
faba-273	123	34	from	from	ADP
faba-273	123	35	investments	investment	NOUN
faba-273	123	36	to	to	ADP
faba-273	123	37	consumption	consumption	NOUN
faba-273	123	38	.	.	PUNCT
faba-273	124	1	the	the	DET
faba-273	124	2	demand	demand	NOUN
faba-273	124	3	for	for	ADP
faba-273	124	4	market	market	NOUN
faba-273	124	5	instruments	instrument	NOUN
faba-273	124	6	falls	fall	VERB
faba-273	124	7	leading	lead	VERB
faba-273	124	8	to	to	ADP
faba-273	124	9	reduction	reduction	NOUN
faba-273	124	10	in	in	ADP
faba-273	124	11	the	the	DET
faba-273	124	12	volume	volume	NOUN
faba-273	124	13	of	of	ADP
faba-273	124	14	stock	stock	NOUN
faba-273	124	15	traded	trade	VERB
faba-273	124	16	.	.	PUNCT
faba-273	125	1	this	this	PRON
faba-273	125	2	will	will	AUX
faba-273	125	3	force	force	VERB
faba-273	125	4	the	the	DET
faba-273	125	5	monetary	monetary	ADJ
faba-273	125	6	policy	policy	NOUN
faba-273	125	7	authorities	authority	NOUN
faba-273	125	8	to	to	PART
faba-273	125	9	respond	respond	VERB
faba-273	125	10	to	to	ADP
faba-273	125	11	the	the	DET
faba-273	125	12	increased	increase	VERB
faba-273	125	13	rate	rate	NOUN
faba-273	125	14	of	of	ADP
faba-273	125	15	inflation	inflation	NOUN
faba-273	125	16	with	with	ADP
faba-273	125	17	economic	economic	ADJ
faba-273	125	18	tightening	tightening	ADJ
faba-273	125	19	policies	policy	NOUN
faba-273	125	20	,	,	PUNCT
faba-273	125	21	which	which	PRON
faba-273	125	22	in	in	ADP
faba-273	125	23	turn	turn	NOUN
faba-273	125	24	increases	increase	VERB
faba-273	125	25	the	the	DET
faba-273	125	26	nominal	nominal	ADJ
faba-273	125	27	risk	risk	NOUN
faba-273	125	28	-	-	PUNCT
faba-273	125	29	free	free	ADJ
faba-273	125	30	rate	rate	NOUN
faba-273	125	31	,	,	PUNCT
faba-273	125	32	which	which	PRON
faba-273	125	33	raises	raise	VERB
faba-273	125	34	the	the	DET
faba-273	125	35	discount	discount	NOUN
faba-273	125	36	rate	rate	NOUN
faba-273	125	37	in	in	ADP
faba-273	125	38	the	the	DET
faba-273	125	39	valuation	valuation	NOUN
faba-273	125	40	model	model	NOUN
faba-273	125	41	(	(	PUNCT
faba-273	125	42	adam	adam	PROPN
faba-273	125	43	and	and	CCONJ
faba-273	125	44	twenoboa	twenoboa	NOUN
faba-273	125	45	2008	2008	NUM
faba-273	125	46	)	)	PUNCT
faba-273	125	47	.	.	PUNCT
faba-273	126	1	results	result	NOUN
faba-273	126	2	and	and	CCONJ
faba-273	126	3	discussion	discussion	NOUN
faba-273	126	4	table	table	NOUN
faba-273	126	5	.	.	PUNCT
faba-273	127	1	1	1	NUM
faba-273	127	2	descriptive	descriptive	ADJ
faba-273	127	3	statistic	statistic	PROPN
faba-273	127	4	bank	bank	NOUN
faba-273	127	5	returns	return	NOUN
faba-273	127	6	esg	esg	PROPN
faba-273	127	7	cpi	cpi	PROPN
faba-273	127	8	m2	m2	PROPN
faba-273	127	9	st	st	PROPN
faba-273	128	1	int	int	PROPN
faba-273	128	2	lt	lt	PROPN
faba-273	128	3	int	int	PROPN
faba-273	128	4	gdp	gdp	NOUN
faba-273	128	5	reer	reer	NOUN
faba-273	128	6	mean	mean	VERB
faba-273	128	7	46993.00	46993.00	NUM
faba-273	129	1	2.9366	2.9366	NUM
faba-273	129	2	4.2698	4.2698	NUM
faba-273	129	3	7.1763	7.1763	NUM
faba-273	129	4	6.4625	6.4625	NUM
faba-273	129	5	3.4867	3.4867	NUM
faba-273	129	6	-1.3744	-1.3744	ADJ
faba-273	129	7	0.3809	0.3809	NUM
faba-273	129	8	median	median	NOUN
faba-273	129	9	18915.50	18915.50	NUM
faba-273	129	10	2.8300	2.8300	NUM
faba-273	129	11	4.4000	4.4000	NUM
faba-273	129	12	6.6000	6.6000	NUM
faba-273	129	13	7.0700	7.0700	NUM
faba-273	129	14	3.8100	3.8100	NUM
faba-273	129	15	-0.95	-0.95	NUM
faba-273	129	16	0.4654	0.4654	NUM
faba-273	129	17	maximum	maximum	ADJ
faba-273	129	18	313434.0	313434.0	NUM
faba-273	129	19	4.7700	4.7700	NUM
faba-273	129	20	6.9000	6.9000	NUM
faba-273	129	21	15.7100	15.7100	NUM
faba-273	129	22	8.6300	8.6300	NUM
faba-273	129	23	5.0300	5.0300	NUM
faba-273	129	24	5.5000	5.5000	NUM
faba-273	129	25	10.7357	10.7357	NUM
faba-273	129	26	minimum	minimum	ADJ
faba-273	129	27	7500.000	7500.000	NUM
faba-273	129	28	2.0000	2.0000	NUM
faba-273	129	29	1.3000	1.3000	NUM
faba-273	129	30	2.3700	2.3700	NUM
faba-273	129	31	3.4700	3.4700	NUM
faba-273	129	32	1.5800	1.5800	NUM
faba-273	129	33	-10.9	-10.9	NOUN
faba-273	129	34	-11.5234	-11.5234	PUNCT
faba-273	129	35	std	std	PROPN
faba-273	129	36	.	.	PROPN
faba-273	129	37	dev	dev	PROPN
faba-273	129	38	.	.	PUNCT
faba-273	129	39	62425.77	62425.77	NUM
faba-273	129	40	0.7271	0.7271	NUM
faba-273	129	41	1.2676	1.2676	NUM
faba-273	129	42	2.8826	2.8826	NUM
faba-273	129	43	1.5370	1.5370	NUM
faba-273	129	44	1.1322	1.1322	NUM
faba-273	129	45	2.9851	2.9851	NUM
faba-273	129	46	4.2478	4.2478	NUM
faba-273	129	47	skewness	skewness	NOUN
faba-273	129	48	2.2288	2.2288	NUM
faba-273	129	49	0.6980	0.6980	NUM
faba-273	129	50	-0.2363	-0.2363	NOUN
faba-273	129	51	1.2144	1.2144	NUM
faba-273	129	52	-0.6622	-0.6622	PROPN
faba-273	129	53	-0.2189	-0.2189	PROPN
faba-273	129	54	-0.6924	-0.6924	PROPN
faba-273	129	55	-0.1689	-0.1689	NOUN
faba-273	129	56	kurtosis	kurtosis	VERB
faba-273	129	57	7.4806	7.4806	NUM
faba-273	129	58	3.0639	3.0639	NUM
faba-273	129	59	2.9847	2.9847	NUM
faba-273	129	60	4.5186	4.5186	NUM
faba-273	129	61	2.2555	2.2555	NUM
faba-273	129	62	1.6300	1.6300	NUM
faba-273	129	63	4.5535	4.5535	NUM
faba-273	129	64	3.6510	3.6510	NUM
faba-273	129	65	jarque	jarque	NOUN
faba-273	129	66	-	-	PUNCT
faba-273	129	67	bera	bera	NOUN
faba-273	129	68	259.6477	259.6477	NUM
faba-273	129	69	12.6939	12.6939	NUM
faba-273	129	70	1.4529	1.4529	NUM
faba-273	129	71	53.3328	53.3328	NUM
faba-273	129	72	15.0034	15.0034	NUM
faba-273	129	73	13.4451	13.4451	NUM
faba-273	129	74	28.1495	28.1495	NUM
faba-273	129	75	3.4977	3.4977	NUM
faba-273	129	76	probability	probability	NOUN
faba-273	129	77	0.0000	0.0000	NUM
faba-273	129	78	0.0018	0.0018	NUM
faba-273	129	79	0.4836	0.4836	NUM
faba-273	129	80	0.0000	0.0000	NUM
faba-273	129	81	0.0006	0.0006	NUM
faba-273	129	82	0.0012	0.0012	NUM
faba-273	129	83	0.0001	0.0001	NUM
faba-273	129	84	0.1739	0.1739	NUM
faba-273	129	85	sum	sum	NOUN
faba-273	129	86	7330908	7330908	NUM
faba-273	129	87	.	.	PUNCT
faba-273	130	1	458.1100	458.1100	NUM
faba-273	130	2	666.1000	666.1000	NUM
faba-273	130	3	1119.500	1119.500	NUM
faba-273	130	4	1008.150	1008.150	NUM
faba-273	130	5	543.7800	543.7800	NUM
faba-273	130	6	-214.4	-214.4	PROPN
faba-273	130	7	59.4216	59.4216	NUM
faba-273	130	8	sum	sum	NOUN
faba-273	130	9	sq	sq	PROPN
faba-273	130	10	.	.	PROPN
faba-273	130	11	dev	dev	PROPN
faba-273	130	12	.	.	PUNCT
faba-273	131	1	6.04e+11	6.04e+11	NUM
faba-273	131	2	81.95350	81.95350	NUM
faba-273	131	3	249.0684	249.0684	NUM
faba-273	132	1	1287.949	1287.949	NUM
faba-273	132	2	366.1729	366.1729	NUM
faba-273	132	3	198.6990	198.6990	NUM
faba-273	132	4	1381.19	1381.19	NUM
faba-273	132	5	2796.887	2796.887	NUM
faba-273	132	6	observations	observation	NOUN
faba-273	132	7	156	156	NUM
faba-273	132	8	156	156	NUM
faba-273	132	9	156	156	NUM
faba-273	132	10	156	156	NUM
faba-273	132	11	156	156	NUM
faba-273	132	12	156	156	NUM
faba-273	132	13	156	156	NUM
faba-273	132	14	156	156	NUM
faba-273	132	15	levin	levin	PROPN
faba-273	132	16	,	,	PUNCT
faba-273	132	17	lin	lin	PROPN
faba-273	132	18	&	&	CCONJ
faba-273	132	19	chu	chu	PROPN
faba-273	132	20	t	t	PROPN
faba-273	132	21	*	*	PUNCT
faba-273	132	22	(	(	PUNCT
faba-273	132	23	level	level	NOUN
faba-273	132	24	)	)	PUNCT
faba-273	132	25	0.9195	0.9195	NUM
faba-273	132	26	0.5535	0.5535	NUM
faba-273	132	27	0.0000	0.0000	NUM
faba-273	133	1	0.2508	0.2508	NUM
faba-273	133	2	0.5115	0.5115	NUM
faba-273	133	3	0.065	0.065	NUM
faba-273	133	4	0.0000	0.0000	NUM
faba-273	133	5	0.0000	0.0000	NUM
faba-273	133	6	first	first	ADJ
faba-273	133	7	difference	difference	NOUN
faba-273	134	1	0.0000	0.0000	NUM
faba-273	134	2	0.0000	0.0000	NUM
faba-273	134	3	0.0000	0.0000	NUM
faba-273	134	4	0.0000	0.0000	NUM
faba-273	134	5	0.0039	0.0039	NUM
faba-273	134	6	0.0650	0.0650	NUM
faba-273	134	7	0.0000	0.0000	NUM
faba-273	134	8	0.0000	0.0000	NUM
faba-273	134	9	source	source	NOUN
faba-273	134	10	:	:	PUNCT
faba-273	134	11	authors	author	NOUN
faba-273	134	12	’	'	PUNCT
faba-273	134	13	own	own	ADJ
faba-273	134	14	estimation	estimation	NOUN
faba-273	134	15	(	(	PUNCT
faba-273	134	16	2024	2024	NUM
faba-273	134	17	)	)	PUNCT
faba-273	134	18	.	.	PUNCT
faba-273	135	1	table	table	NOUN
faba-273	135	2	1	1	NUM
faba-273	135	3	reveals	reveal	VERB
faba-273	135	4	the	the	DET
faba-273	135	5	descriptive	descriptive	ADJ
faba-273	135	6	statistics	statistic	NOUN
faba-273	135	7	of	of	ADP
faba-273	135	8	all	all	DET
faba-273	135	9	the	the	DET
faba-273	135	10	variables	variable	NOUN
faba-273	135	11	used	use	VERB
faba-273	135	12	in	in	ADP
faba-273	135	13	this	this	DET
faba-273	135	14	study	study	NOUN
faba-273	135	15	.	.	PUNCT
faba-273	136	1	bank	bank	NOUN
faba-273	136	2	return	return	NOUN
faba-273	136	3	has	have	VERB
faba-273	136	4	the	the	DET
faba-273	136	5	https://en.wikipedia.org/wiki/investment	https://en.wikipedia.org/wiki/investment	PROPN
faba-273	136	6	https://en.wikipedia.org/wiki/environmental_issues	https://en.wikipedia.org/wiki/environmental_issue	NOUN
faba-273	136	7	https://en.wikipedia.org/wiki/social_issues	https://en.wikipedia.org/wiki/social_issue	VERB
faba-273	136	8	https://en.wikipedia.org/wiki/corporate_governance	https://en.wikipedia.org/wiki/corporate_governance	NOUN
faba-273	136	9	https://en.wikipedia.org/wiki/corporate_governance	https://en.wikipedia.org/wiki/corporate_governance	NOUN
faba-273	136	10	https://en.wikipedia.org/wiki/socially_responsible_investing	https://en.wikipedia.org/wiki/socially_responsible_investe	VERB
faba-273	136	11	https://en.wikipedia.org/wiki/impact_investing	https://en.wikipedia.org/wiki/impact_investe	VERB
faba-273	136	12	https://en.wikipedia.org/wiki/macroeconomics	https://en.wikipedia.org/wiki/macroeconomics	PROPN
faba-273	136	13	https://en.wikipedia.org/wiki/money	https://en.wikipedia.org/wiki/money	NOUN
faba-273	136	14	https://en.wikipedia.org/wiki/circulation_(currency	https://en.wikipedia.org/wiki/circulation_(currency	NOUN
faba-273	136	15	)	)	PUNCT
faba-273	137	1	https://en.wikipedia.org/wiki/cash	https://en.wikipedia.org/wiki/cash	NOUN
faba-273	137	2	https://en.wikipedia.org/wiki/demand_deposits	https://en.wikipedia.org/wiki/demand_deposit	VERB
faba-273	137	3	https://en.wikipedia.org/wiki/demand_deposits	https://en.wikipedia.org/wiki/demand_deposit	NOUN
faba-273	137	4	https://en.wikipedia.org/wiki/asset	https://en.wikipedia.org/wiki/asset	NOUN
faba-273	137	5	https://en.wikipedia.org/wiki/financial_institution	https://en.wikipedia.org/wiki/financial_institution	NOUN
faba-273	137	6	babatunde	babatunde	PROPN
faba-273	137	7	lawrence	lawrence	PROPN
faba-273	137	8	,	,	PUNCT
faba-273	137	9	fabian	fabian	ADJ
faba-273	137	10	moodley/	moodley/	NUM
faba-273	137	11	finance	finance	NOUN
faba-273	137	12	,	,	PUNCT
faba-273	137	13	accounting	accounting	NOUN
faba-273	137	14	and	and	CCONJ
faba-273	137	15	business	business	NOUN
faba-273	137	16	analysis	analysis	NOUN
faba-273	137	17	,	,	PUNCT
faba-273	137	18	volume	volume	NOUN
faba-273	137	19	7	7	NUM
faba-273	137	20	,	,	PUNCT
faba-273	137	21	issue	issue	NOUN
faba-273	137	22	2	2	NUM
faba-273	137	23	,	,	PUNCT
faba-273	137	24	2025	2025	NUM
faba-273	137	25	203	203	NUM
faba-273	137	26	highest	high	ADJ
faba-273	137	27	mean	mean	NOUN
faba-273	137	28	with	with	ADP
faba-273	137	29	46993	46993	NUM
faba-273	137	30	,	,	PUNCT
faba-273	137	31	while	while	SCONJ
faba-273	137	32	gdp	gdp	NOUN
faba-273	137	33	has	have	VERB
faba-273	137	34	the	the	DET
faba-273	137	35	lowest	low	ADJ
faba-273	137	36	value	value	NOUN
faba-273	137	37	of	of	ADP
faba-273	137	38	-1.3744	-1.3744	ADJ
faba-273	137	39	.	.	PUNCT
faba-273	138	1	it	it	PRON
faba-273	138	2	is	be	AUX
faba-273	138	3	important	important	ADJ
faba-273	138	4	to	to	PART
faba-273	138	5	note	note	VERB
faba-273	138	6	that	that	SCONJ
faba-273	138	7	bank	bank	NOUN
faba-273	138	8	returns	return	NOUN
faba-273	138	9	also	also	ADV
faba-273	138	10	has	have	VERB
faba-273	138	11	the	the	DET
faba-273	138	12	highest	high	ADJ
faba-273	138	13	standard	standard	ADJ
faba-273	138	14	deviation	deviation	NOUN
faba-273	138	15	with	with	ADP
faba-273	138	16	esg	esg	NOUN
faba-273	138	17	having	have	VERB
faba-273	138	18	the	the	DET
faba-273	138	19	least	least	ADJ
faba-273	138	20	standard	standard	ADJ
faba-273	138	21	deviation	deviation	NOUN
faba-273	138	22	.	.	PUNCT
faba-273	139	1	the	the	DET
faba-273	139	2	result	result	NOUN
faba-273	139	3	also	also	ADV
faba-273	139	4	reveals	reveal	VERB
faba-273	139	5	that	that	SCONJ
faba-273	139	6	bank	bank	NOUN
faba-273	139	7	returns	return	NOUN
faba-273	139	8	and	and	CCONJ
faba-273	139	9	real	real	ADJ
faba-273	139	10	exchange	exchange	NOUN
faba-273	139	11	rate	rate	NOUN
faba-273	139	12	has	have	VERB
faba-273	139	13	the	the	DET
faba-273	139	14	maximum	maximum	ADJ
faba-273	139	15	and	and	CCONJ
faba-273	139	16	minimum	minimum	ADJ
faba-273	139	17	values	value	NOUN
faba-273	139	18	with	with	ADP
faba-273	139	19	313434	313434	NUM
faba-273	139	20	and	and	CCONJ
faba-273	139	21	7500	7500	NUM
faba-273	139	22	respectively	respectively	ADV
faba-273	139	23	.	.	PUNCT
faba-273	140	1	it	it	PRON
faba-273	140	2	is	be	AUX
faba-273	140	3	interesting	interesting	ADJ
faba-273	140	4	that	that	SCONJ
faba-273	140	5	esg	esg	PROPN
faba-273	140	6	score	score	NOUN
faba-273	140	7	has	have	VERB
faba-273	140	8	a	a	DET
faba-273	140	9	mean	mean	NOUN
faba-273	140	10	of	of	ADP
faba-273	140	11	2.9366	2.9366	NUM
faba-273	140	12	and	and	CCONJ
faba-273	140	13	a	a	DET
faba-273	140	14	standard	standard	ADJ
faba-273	140	15	deviation	deviation	NOUN
faba-273	140	16	of	of	ADP
faba-273	140	17	0.727	0.727	NUM
faba-273	140	18	.	.	PUNCT
faba-273	141	1	this	this	PRON
faba-273	141	2	illustrates	illustrate	VERB
faba-273	141	3	that	that	SCONJ
faba-273	141	4	the	the	DET
faba-273	141	5	volatility	volatility	NOUN
faba-273	141	6	of	of	ADP
faba-273	141	7	the	the	DET
faba-273	141	8	sector	sector	NOUN
faba-273	141	9	is	be	AUX
faba-273	141	10	not	not	PART
faba-273	141	11	clustered	cluster	VERB
faba-273	141	12	around	around	ADP
faba-273	141	13	its	its	PRON
faba-273	141	14	mean	mean	NOUN
faba-273	141	15	.	.	PUNCT
faba-273	142	1	more	more	ADV
faba-273	142	2	so	so	ADV
faba-273	142	3	,	,	PUNCT
faba-273	142	4	the	the	DET
faba-273	142	5	skewness	skewness	NOUN
faba-273	142	6	of	of	ADP
faba-273	142	7	bank	bank	NOUN
faba-273	142	8	returns	return	NOUN
faba-273	142	9	,	,	PUNCT
faba-273	142	10	esg	esg	PROPN
faba-273	142	11	,	,	PUNCT
faba-273	142	12	cpi	cpi	PROPN
faba-273	142	13	and	and	CCONJ
faba-273	142	14	m2	m2	PROPN
faba-273	142	15	values	value	NOUN
faba-273	142	16	are	be	AUX
faba-273	142	17	positive	positive	ADJ
faba-273	142	18	,	,	PUNCT
faba-273	142	19	illustrating	illustrate	VERB
faba-273	142	20	that	that	SCONJ
faba-273	142	21	the	the	DET
faba-273	142	22	headline	headline	NOUN
faba-273	142	23	returns	return	NOUN
faba-273	142	24	are	be	AUX
faba-273	142	25	skewed	skewed	ADJ
faba-273	142	26	to	to	ADP
faba-273	142	27	the	the	DET
faba-273	142	28	right	right	NOUN
faba-273	142	29	with	with	ADP
faba-273	142	30	a	a	DET
faba-273	142	31	long	long	ADJ
faba-273	142	32	tail	tail	NOUN
faba-273	142	33	.	.	PUNCT
faba-273	143	1	however	however	ADV
faba-273	143	2	,	,	PUNCT
faba-273	143	3	the	the	DET
faba-273	143	4	rest	rest	NOUN
faba-273	143	5	of	of	ADP
faba-273	143	6	the	the	DET
faba-273	143	7	macroeconomic	macroeconomic	ADJ
faba-273	143	8	variables	variable	NOUN
faba-273	143	9	are	be	AUX
faba-273	143	10	positioned	position	VERB
faba-273	143	11	on	on	ADP
faba-273	143	12	the	the	DET
faba-273	143	13	left	left	NOUN
faba-273	143	14	.	.	PUNCT
faba-273	144	1	the	the	DET
faba-273	144	2	jarque	jarque	NOUN
faba-273	144	3	-	-	PUNCT
faba-273	144	4	bera	bera	NOUN
faba-273	144	5	test	test	NOUN
faba-273	144	6	with	with	ADP
faba-273	144	7	the	the	DET
faba-273	144	8	exception	exception	NOUN
faba-273	144	9	of	of	ADP
faba-273	144	10	cpi	cpi	NOUN
faba-273	144	11	,	,	PUNCT
faba-273	144	12	and	and	CCONJ
faba-273	144	13	reer	reer	PROPN
faba-273	144	14	,	,	PUNCT
faba-273	144	15	the	the	DET
faba-273	144	16	rest	rest	NOUN
faba-273	144	17	of	of	ADP
faba-273	144	18	the	the	DET
faba-273	144	19	variables	variable	NOUN
faba-273	144	20	are	be	AUX
faba-273	144	21	at	at	ADP
faba-273	144	22	1	1	NUM
faba-273	144	23	percent	percent	NOUN
faba-273	144	24	significance	significance	NOUN
faba-273	144	25	.	.	PUNCT
faba-273	145	1	this	this	PRON
faba-273	145	2	demonstrates	demonstrate	VERB
faba-273	145	3	that	that	SCONJ
faba-273	145	4	the	the	DET
faba-273	145	5	variables	variable	NOUN
faba-273	145	6	are	be	AUX
faba-273	145	7	not	not	PART
faba-273	145	8	normally	normally	ADV
faba-273	145	9	distributed	distribute	VERB
faba-273	145	10	.	.	PUNCT
faba-273	146	1	it	it	PRON
faba-273	146	2	is	be	AUX
faba-273	146	3	important	important	ADJ
faba-273	146	4	to	to	PART
faba-273	146	5	note	note	VERB
faba-273	146	6	that	that	SCONJ
faba-273	146	7	the	the	DET
faba-273	146	8	levin	levin	PROPN
faba-273	146	9	,	,	PUNCT
faba-273	146	10	lin	lin	PROPN
faba-273	146	11	and	and	CCONJ
faba-273	146	12	chu	chu	PROPN
faba-273	146	13	stationarity	stationarity	NOUN
faba-273	146	14	tests	test	NOUN
faba-273	146	15	for	for	ADP
faba-273	146	16	all	all	DET
faba-273	146	17	variables	variable	NOUN
faba-273	146	18	are	be	AUX
faba-273	146	19	significant	significant	ADJ
faba-273	146	20	at	at	ADP
faba-273	146	21	the	the	DET
faba-273	146	22	1	1	NUM
faba-273	146	23	percent	percent	NOUN
faba-273	146	24	level	level	NOUN
faba-273	146	25	in	in	ADP
faba-273	146	26	first	first	ADJ
faba-273	146	27	difference	difference	NOUN
faba-273	146	28	.	.	PUNCT
faba-273	147	1	this	this	PRON
faba-273	147	2	suggests	suggest	VERB
faba-273	147	3	that	that	SCONJ
faba-273	147	4	the	the	DET
faba-273	147	5	null	null	ADJ
faba-273	147	6	hypothesis	hypothesis	NOUN
faba-273	147	7	of	of	ADP
faba-273	147	8	all	all	DET
faba-273	147	9	variables	variable	NOUN
faba-273	147	10	having	have	VERB
faba-273	147	11	a	a	DET
faba-273	147	12	unit	unit	NOUN
faba-273	147	13	root	root	NOUN
faba-273	147	14	is	be	AUX
faba-273	147	15	rejected	reject	VERB
faba-273	147	16	in	in	ADP
faba-273	147	17	favour	favour	NOUN
faba-273	147	18	of	of	ADP
faba-273	147	19	the	the	DET
faba-273	147	20	alternative	alternative	ADJ
faba-273	147	21	hypothesis	hypothesis	NOUN
faba-273	147	22	,	,	PUNCT
faba-273	147	23	this	this	PRON
faba-273	147	24	implies	imply	VERB
faba-273	147	25	that	that	SCONJ
faba-273	147	26	only	only	ADV
faba-273	147	27	cpi	cpi	PROPN
faba-273	147	28	,	,	PUNCT
faba-273	147	29	gdp	gdp	NOUN
faba-273	147	30	and	and	CCONJ
faba-273	147	31	reer	reer	NOUN
faba-273	147	32	are	be	AUX
faba-273	147	33	stationary	stationary	ADJ
faba-273	147	34	at	at	ADP
faba-273	147	35	level	level	NOUN
faba-273	147	36	.	.	PUNCT
faba-273	148	1	table	table	NOUN
faba-273	148	2	2	2	NUM
faba-273	148	3	.	.	PUNCT
faba-273	148	4	correlation	correlation	NOUN
faba-273	148	5	matrix	matrix	NOUN
faba-273	148	6	probability	probability	NOUN
faba-273	148	7	bank	bank	NOUN
faba-273	148	8	returns	return	NOUN
faba-273	148	9	esg	esg	PROPN
faba-273	148	10	cpi	cpi	PROPN
faba-273	148	11	m2	m2	PROPN
faba-273	148	12	st	st	PROPN
faba-273	149	1	int	int	PROPN
faba-273	149	2	lt	lt	PROPN
faba-273	149	3	int	int	PROPN
faba-273	149	4	gdp	gdp	PROPN
faba-273	149	5	reer	reer	PROPN
faba-273	149	6	bank	bank	PROPN
faba-273	149	7	returns	return	VERB
faba-273	149	8	1	1	NUM
faba-273	149	9	----	----	PUNCT
faba-273	149	10	esg	esg	PROPN
faba-273	149	11	-0.4968	-0.4968	NOUN
faba-273	149	12	1	1	NUM
faba-273	149	13	0	0	X
faba-273	149	14	----	----	SYM
faba-273	149	15	cpi	cpi	PROPN
faba-273	149	16	-0.0942	-0.0942	VERB
faba-273	149	17	-0.1417	-0.1417	VERB
faba-273	149	18	1	1	NUM
faba-273	149	19	0.2418	0.2418	NUM
faba-273	149	20	0.0777	0.0777	NUM
faba-273	149	21	----	----	PUNCT
faba-273	150	1	m2	m2	PROPN
faba-273	150	2	-0.0896	-0.0896	NOUN
faba-273	150	3	-0.0117	-0.0117	VERB
faba-273	150	4	0.1571	0.1571	NUM
faba-273	151	1	1	1	NUM
faba-273	151	2	0.2657	0.2657	NUM
faba-273	151	3	0.8848	0.8848	NUM
faba-273	152	1	0.0502	0.0502	NUM
faba-273	152	2	----	----	PUNCT
faba-273	153	1	st	st	PROPN
faba-273	153	2	int	int	PROPN
faba-273	153	3	0.0319	0.0319	NUM
faba-273	153	4	-0.0291	-0.0291	PUNCT
faba-273	154	1	0.1268	0.1268	NUM
faba-273	154	2	0.3033	0.3033	NUM
faba-273	154	3	1	1	NUM
faba-273	154	4	0.6926	0.6926	NUM
faba-273	154	5	0.7185	0.7185	NUM
faba-273	154	6	0.1146	0.1146	NUM
faba-273	154	7	0.0001	0.0001	NUM
faba-273	154	8	----	----	PUNCT
faba-273	155	1	lt	lt	PRON
faba-273	155	2	int	int	NOUN
faba-273	155	3	0.2307	0.2307	NUM
faba-273	155	4	0.5152	0.5152	NUM
faba-273	155	5	0.3674	0.3674	NUM
faba-273	155	6	0.1816	0.1816	NUM
faba-273	155	7	-0.1060	-0.1060	NOUN
faba-273	155	8	1	1	NUM
faba-273	155	9	0.0038	0.0038	NUM
faba-273	155	10	0	0	NUM
faba-273	155	11	0	0	NUM
faba-273	156	1	0.0232	0.0232	NUM
faba-273	156	2	0.1877	0.1877	NUM
faba-273	156	3	----	----	PUNCT
faba-273	157	1	gdp	gdp	NOUN
faba-273	157	2	0.0392	0.0392	NUM
faba-273	157	3	0.0582	0.0582	NUM
faba-273	157	4	0.2525	0.2525	NUM
faba-273	157	5	0.3423	0.3423	NUM
faba-273	157	6	0.2033	0.2033	NUM
faba-273	157	7	-0.1737	-0.1737	VERB
faba-273	157	8	1	1	NUM
faba-273	157	9	0.6272	0.6272	NUM
faba-273	157	10	0.4707	0.4707	NUM
faba-273	157	11	0.0015	0.0015	NUM
faba-273	157	12	0	0	NUM
faba-273	158	1	0.0109	0.0109	NUM
faba-273	158	2	0.0301	0.0301	NUM
faba-273	158	3	----	----	PUNCT
faba-273	158	4	reer	reer	NOUN
faba-273	158	5	0.0454	0.0454	NUM
faba-273	158	6	0.0207	0.0207	NUM
faba-273	158	7	0.0425	0.0425	NUM
faba-273	158	8	0.1112	0.1112	NUM
faba-273	158	9	0.0263	0.0263	NUM
faba-273	158	10	-0.0195	-0.0195	NOUN
faba-273	158	11	0.1807	0.1807	NUM
faba-273	158	12	1	1	NUM
faba-273	158	13	0.5739	0.5739	NUM
faba-273	158	14	0.7973	0.7973	NUM
faba-273	158	15	0.598	0.598	NUM
faba-273	158	16	0.1669	0.1669	NUM
faba-273	158	17	0.7447	0.7447	NUM
faba-273	158	18	0.8091	0.8091	NUM
faba-273	158	19	0.024	0.024	NUM
faba-273	158	20	----	----	PUNCT
faba-273	158	21	source	source	NOUN
faba-273	158	22	:	:	PUNCT
faba-273	158	23	authors	author	NOUN
faba-273	158	24	’	'	PUNCT
faba-273	158	25	own	own	ADJ
faba-273	158	26	estimation	estimation	NOUN
faba-273	158	27	(	(	PUNCT
faba-273	158	28	2024	2024	NUM
faba-273	158	29	)	)	PUNCT
faba-273	158	30	.	.	PUNCT
faba-273	159	1	table	table	NOUN
faba-273	159	2	2	2	NUM
faba-273	159	3	shows	show	VERB
faba-273	159	4	the	the	DET
faba-273	159	5	correlation	correlation	NOUN
faba-273	159	6	matrix	matrix	NOUN
faba-273	159	7	of	of	ADP
faba-273	159	8	all	all	DET
faba-273	159	9	variables	variable	NOUN
faba-273	159	10	.	.	PUNCT
faba-273	160	1	it	it	PRON
faba-273	160	2	is	be	AUX
faba-273	160	3	interesting	interesting	ADJ
faba-273	160	4	to	to	PART
faba-273	160	5	note	note	VERB
faba-273	160	6	that	that	SCONJ
faba-273	160	7	except	except	SCONJ
faba-273	160	8	for	for	ADP
faba-273	160	9	long	long	ADJ
faba-273	160	10	-	-	PUNCT
faba-273	160	11	term	term	NOUN
faba-273	160	12	interest	interest	NOUN
faba-273	160	13	rate	rate	NOUN
faba-273	160	14	,	,	PUNCT
faba-273	160	15	all	all	DET
faba-273	160	16	macroeconomic	macroeconomic	ADJ
faba-273	160	17	variables	variable	NOUN
faba-273	160	18	are	be	AUX
faba-273	160	19	not	not	PART
faba-273	160	20	significantly	significantly	ADV
faba-273	160	21	correlated	correlate	VERB
faba-273	160	22	to	to	ADP
faba-273	160	23	the	the	DET
faba-273	160	24	esg	esg	PROPN
faba-273	160	25	compliance	compliance	NOUN
faba-273	160	26	score	score	NOUN
faba-273	160	27	.	.	PUNCT
faba-273	161	1	hence	hence	ADV
faba-273	161	2	no	no	DET
faba-273	161	3	evidence	evidence	NOUN
faba-273	161	4	of	of	ADP
faba-273	161	5	multicollinearity	multicollinearity	NOUN
faba-273	161	6	.	.	PUNCT
faba-273	162	1	also	also	ADV
faba-273	162	2	,	,	PUNCT
faba-273	162	3	it	it	PRON
faba-273	162	4	reveals	reveal	VERB
faba-273	162	5	that	that	SCONJ
faba-273	162	6	there	there	PRON
faba-273	162	7	is	be	VERB
faba-273	162	8	a	a	DET
faba-273	162	9	negative	negative	ADJ
faba-273	162	10	correlation	correlation	NOUN
faba-273	162	11	between	between	ADP
faba-273	162	12	bank	bank	NOUN
faba-273	162	13	returns	return	NOUN
faba-273	162	14	and	and	CCONJ
faba-273	162	15	esg	esg	PROPN
faba-273	162	16	score	score	NOUN
faba-273	162	17	.	.	PUNCT
faba-273	163	1	babatunde	babatunde	PROPN
faba-273	163	2	lawrence	lawrence	PROPN
faba-273	163	3	,	,	PUNCT
faba-273	163	4	fabian	fabian	ADJ
faba-273	163	5	moodley/	moodley/	NUM
faba-273	163	6	finance	finance	NOUN
faba-273	163	7	,	,	PUNCT
faba-273	163	8	accounting	accounting	NOUN
faba-273	163	9	and	and	CCONJ
faba-273	163	10	business	business	NOUN
faba-273	163	11	analysis	analysis	NOUN
faba-273	163	12	,	,	PUNCT
faba-273	163	13	volume	volume	NOUN
faba-273	163	14	7	7	NUM
faba-273	163	15	,	,	PUNCT
faba-273	163	16	issue	issue	NOUN
faba-273	163	17	2	2	NUM
faba-273	163	18	,	,	PUNCT
faba-273	163	19	2025	2025	NUM
faba-273	163	20	204	204	NUM
faba-273	163	21	table	table	NOUN
faba-273	163	22	3	3	NUM
faba-273	163	23	.	.	PUNCT
faba-273	163	24	regression	regression	VERB
faba-273	163	25	analysis	analysis	NOUN
faba-273	163	26	variables	variable	VERB
faba-273	163	27	random	random	ADJ
faba-273	163	28	result	result	NOUN
faba-273	163	29	with	with	ADP
faba-273	163	30	returns	return	NOUN
faba-273	163	31	fixed	fix	VERB
faba-273	163	32	effect	effect	NOUN
faba-273	163	33	result	result	VERB
faba-273	163	34	with	with	ADP
faba-273	163	35	returns	return	NOUN
faba-273	163	36	pool	pool	NOUN
faba-273	163	37	result	result	NOUN
faba-273	163	38	with	with	ADP
faba-273	163	39	returns	return	NOUN
faba-273	163	40	c	c	PROPN
faba-273	163	41	164644.8	164644.8	NUM
faba-273	163	42	*	*	PUNCT
faba-273	163	43	*	*	PUNCT
faba-273	163	44	*	*	PUNCT
faba-273	163	45	(	(	PUNCT
faba-273	163	46	5.961855	5.961855	NUM
faba-273	163	47	)	)	PUNCT
faba-273	163	48	103937.5	103937.5	NUM
faba-273	164	1	*	*	PUNCT
faba-273	164	2	*	*	PUNCT
faba-273	164	3	*	*	PUNCT
faba-273	164	4	(	(	PUNCT
faba-273	164	5	4.773245	4.773245	NUM
faba-273	164	6	)	)	PUNCT
faba-273	164	7	164644.8	164644.8	NUM
faba-273	164	8	*	*	PUNCT
faba-273	164	9	*	*	PUNCT
faba-273	164	10	*	*	PUNCT
faba-273	164	11	(	(	PUNCT
faba-273	164	12	6.174718	6.174718	NUM
faba-273	164	13	)	)	PUNCT
faba-273	164	14	esg	esg	NOUN
faba-273	164	15	-76994.04	-76994.04	NOUN
faba-273	164	16	*	*	PUNCT
faba-273	164	17	*	*	PUNCT
faba-273	164	18	*	*	PUNCT
faba-273	164	19	(	(	PUNCT
faba-273	164	20	-14.81685	-14.81685	NOUN
faba-273	164	21	)	)	PUNCT
faba-273	164	22	-42024.74	-42024.74	NOUN
faba-273	164	23	*	*	PUNCT
faba-273	164	24	*	*	PUNCT
faba-273	164	25	*	*	PUNCT
faba-273	164	26	(	(	PUNCT
faba-273	164	27	-5.919463	-5.919463	ADJ
faba-273	164	28	)	)	PUNCT
faba-273	164	29	-76944.04	-76944.04	NUM
faba-273	164	30	*	*	PUNCT
faba-273	164	31	*	*	PUNCT
faba-273	164	32	*	*	PUNCT
faba-273	164	33	(	(	PUNCT
faba-273	164	34	-15.3459	-15.3459	NOUN
faba-273	164	35	)	)	PUNCT
faba-273	164	36	control	control	NOUN
faba-273	164	37	variable	variable	ADJ
faba-273	164	38	result	result	PROPN
faba-273	164	39	cpi	cpi	PROPN
faba-273	165	1	-646.1636	-646.1636	PROPN
faba-273	165	2	(	(	PUNCT
faba-273	165	3	-0.233139	-0.233139	PROPN
faba-273	165	4	)	)	PUNCT
faba-273	165	5	-810.5547	-810.5547	NUM
faba-273	165	6	(	(	PUNCT
faba-273	165	7	-0.429011	-0.429011	ADJ
faba-273	165	8	)	)	PUNCT
faba-273	165	9	-646.1636	-646.1636	PROPN
faba-273	165	10	(	(	PUNCT
faba-273	165	11	-0.241463	-0.241463	ADJ
faba-273	165	12	)	)	PUNCT
faba-273	165	13	m2	m2	PROPN
faba-273	165	14	-3925.263	-3925.263	PUNCT
faba-273	165	15	*	*	PUNCT
faba-273	165	16	*	*	PUNCT
faba-273	165	17	*	*	PUNCT
faba-273	165	18	(	(	PUNCT
faba-273	165	19	-3.198924	-3.198924	PROPN
faba-273	165	20	)	)	PUNCT
faba-273	165	21	-2813.372	-2813.372	PUNCT
faba-273	165	22	*	*	PUNCT
faba-273	165	23	*	*	PUNCT
faba-273	165	24	*	*	PUNCT
faba-273	165	25	(	(	PUNCT
faba-273	165	26	-3.296331	-3.296331	X
faba-273	165	27	)	)	PUNCT
faba-273	165	28	-3925.26	-3925.26	PUNCT
faba-273	166	1	*	*	PUNCT
faba-273	166	2	*	*	PUNCT
faba-273	166	3	*	*	PUNCT
faba-273	166	4	(	(	PUNCT
faba-273	166	5	-3.313139	-3.313139	PROPN
faba-273	166	6	)	)	PUNCT
faba-273	166	7	st	st	PROPN
faba-273	166	8	-	-	PUNCT
faba-273	166	9	int	int	NOUN
faba-273	166	10	-37.51087	-37.51087	INTJ
faba-273	166	11	(	(	PUNCT
faba-273	166	12	-0.017146	-0.017146	PROPN
faba-273	166	13	)	)	PUNCT
faba-273	166	14	36.592447	36.592447	NUM
faba-273	166	15	(	(	PUNCT
faba-273	166	16	0.024538	0.024538	NUM
faba-273	166	17	)	)	PUNCT
faba-273	166	18	-37.51087	-37.51087	PUNCT
faba-273	166	19	(	(	PUNCT
faba-273	166	20	-0.017758	-0.017758	PROPN
faba-273	166	21	)	)	PUNCT
faba-273	166	22	lt	lt	PROPN
faba-273	166	23	-	-	PUNCT
faba-273	166	24	int	int	NOUN
faba-273	166	25	41263.00	41263.00	NUM
faba-273	166	26	*	*	PUNCT
faba-273	166	27	*	*	PUNCT
faba-273	166	28	*	*	PUNCT
faba-273	166	29	(	(	PUNCT
faba-273	166	30	11.56118	11.56118	NUM
faba-273	166	31	)	)	PUNCT
faba-273	166	32	26659.48	26659.48	NUM
faba-273	166	33	*	*	PUNCT
faba-273	166	34	*	*	PUNCT
faba-273	166	35	*	*	PUNCT
faba-273	166	36	(	(	PUNCT
faba-273	166	37	7.704538	7.704538	NUM
faba-273	166	38	)	)	PUNCT
faba-273	166	39	41263.00	41263.00	NUM
faba-273	166	40	*	*	PUNCT
faba-273	166	41	*	*	PUNCT
faba-273	166	42	*	*	PUNCT
faba-273	166	43	(	(	PUNCT
faba-273	166	44	11.9739	11.9739	NUM
faba-273	166	45	)	)	PUNCT
faba-273	166	46	gdp	gdp	NOUN
faba-273	166	47	3292.698	3292.698	NUM
faba-273	166	48	*	*	PUNCT
faba-273	166	49	*	*	PUNCT
faba-273	166	50	*	*	PUNCT
faba-273	166	51	(	(	PUNCT
faba-273	166	52	2.756874	2.756874	NUM
faba-273	166	53	)	)	PUNCT
faba-273	167	1	2297.139	2297.139	NUM
faba-273	167	2	*	*	PUNCT
faba-273	167	3	*	*	PUNCT
faba-273	167	4	*	*	PUNCT
faba-273	167	5	(	(	PUNCT
faba-273	167	6	2.755018	2.755018	NUM
faba-273	167	7	)	)	PUNCT
faba-273	167	8	3292.698	3292.698	NUM
faba-273	167	9	*	*	NOUN
faba-273	167	10	*	*	PUNCT
faba-273	167	11	*	*	PUNCT
faba-273	167	12	(	(	PUNCT
faba-273	167	13	2.8553	2.8553	NUM
faba-273	167	14	)	)	PUNCT
faba-273	167	15	reer	reer	NOUN
faba-273	167	16	431.9307	431.9307	NUM
faba-273	167	17	(	(	PUNCT
faba-273	167	18	0.564540	0.564540	NUM
faba-273	167	19	)	)	PUNCT
faba-273	167	20	283.0228	283.0228	PROPN
faba-273	167	21	(	(	PUNCT
faba-273	167	22	0.542422	0.542422	NUM
faba-273	167	23	)	)	PUNCT
faba-273	167	24	431.9307	431.9307	NUM
faba-273	167	25	(	(	PUNCT
faba-273	167	26	0.58469	0.58469	NUM
faba-273	167	27	)	)	PUNCT
faba-273	167	28	r	r	NOUN
faba-273	167	29	-	-	PUNCT
faba-273	167	30	squared=	squared=	NUM
faba-273	168	1	0.6429	0.6429	ADJ
faba-273	168	2	r	r	X
faba-273	168	3	-	-	PUNCT
faba-273	168	4	squared=0.8257	squared=0.8257	PRON
faba-273	168	5	r	r	NOUN
faba-273	168	6	-	-	PUNCT
faba-273	168	7	squared=0.6429	squared=0.6429	VERB
faba-273	168	8	adjusted	adjust	VERB
faba-273	168	9	rsquared=0.625997	rsquared=0.625997	AUX
faba-273	168	10	adjusted	adjust	VERB
faba-273	168	11	rsquared=0.81367	rsquared=0.81367	ADP
faba-273	168	12	adjusted	adjust	VERB
faba-273	168	13	rsquared=0.6259	rsquared=0.6259	PRON
faba-273	168	14	husman	husman	NOUN
faba-273	168	15	test	test	NOUN
faba-273	168	16	chi	chi	PROPN
faba-273	168	17	-	-	PUNCT
faba-273	168	18	sq	sq	PROPN
faba-273	168	19	.	.	PROPN
faba-273	168	20	statistic	statistic	NOUN
faba-273	168	21	=	=	SYM
faba-273	168	22	17.7368	17.7368	NUM
faba-273	168	23	probability=	probability=	NUM
faba-273	168	24	0.0000	0.0000	NUM
faba-273	168	25	source	source	NOUN
faba-273	168	26	:	:	PUNCT
faba-273	168	27	authors	author	NOUN
faba-273	168	28	’	'	PUNCT
faba-273	168	29	own	own	ADJ
faba-273	168	30	estimation	estimation	NOUN
faba-273	168	31	(	(	PUNCT
faba-273	168	32	2024	2024	NUM
faba-273	168	33	)	)	PUNCT
faba-273	168	34	.	.	PUNCT
faba-273	169	1	table	table	NOUN
faba-273	169	2	3	3	NUM
faba-273	169	3	presents	present	VERB
faba-273	169	4	the	the	DET
faba-273	169	5	results	result	NOUN
faba-273	169	6	of	of	ADP
faba-273	169	7	the	the	DET
faba-273	169	8	pool	pool	NOUN
faba-273	169	9	,	,	PUNCT
faba-273	169	10	random	random	ADJ
faba-273	169	11	and	and	CCONJ
faba-273	169	12	fixed	fix	VERB
faba-273	169	13	effects	effect	NOUN
faba-273	169	14	of	of	ADP
faba-273	169	15	the	the	DET
faba-273	169	16	regression	regression	NOUN
faba-273	169	17	between	between	ADP
faba-273	169	18	bank	bank	NOUN
faba-273	169	19	returns	return	NOUN
faba-273	169	20	,	,	PUNCT
faba-273	169	21	esg	esg	NOUN
faba-273	169	22	compliance	compliance	NOUN
faba-273	169	23	and	and	CCONJ
faba-273	169	24	the	the	DET
faba-273	169	25	control	control	NOUN
faba-273	169	26	variables	variable	VERB
faba-273	169	27	.	.	PUNCT
faba-273	170	1	it	it	PRON
faba-273	170	2	is	be	AUX
faba-273	170	3	crucial	crucial	ADJ
faba-273	170	4	to	to	PART
faba-273	170	5	first	first	ADV
faba-273	170	6	note	note	VERB
faba-273	170	7	that	that	SCONJ
faba-273	170	8	the	the	DET
faba-273	170	9	probability	probability	NOUN
faba-273	170	10	value	value	NOUN
faba-273	170	11	of	of	ADP
faba-273	170	12	the	the	DET
faba-273	170	13	f	f	NOUN
faba-273	170	14	-	-	PUNCT
faba-273	170	15	statistic	statistic	NOUN
faba-273	170	16	of	of	ADP
faba-273	170	17	all	all	DET
faba-273	170	18	regressions	regression	NOUN
faba-273	170	19	is	be	AUX
faba-273	170	20	significant	significant	ADJ
faba-273	170	21	at	at	ADP
faba-273	170	22	a	a	DET
faba-273	170	23	1	1	NUM
faba-273	170	24	%	%	NOUN
faba-273	170	25	level	level	NOUN
faba-273	170	26	.	.	PUNCT
faba-273	171	1	however	however	ADV
faba-273	171	2	,	,	PUNCT
faba-273	171	3	the	the	DET
faba-273	171	4	fixed	fix	VERB
faba-273	171	5	effect	effect	NOUN
faba-273	171	6	model	model	NOUN
faba-273	171	7	shows	show	VERB
faba-273	171	8	the	the	DET
faba-273	171	9	highest	high	ADJ
faba-273	171	10	r	r	NOUN
faba-273	171	11	(	(	PUNCT
faba-273	171	12	82.57	82.57	NUM
faba-273	171	13	)	)	PUNCT
faba-273	171	14	and	and	CCONJ
faba-273	171	15	r	r	NOUN
faba-273	171	16	squared	square	VERB
faba-273	171	17	value	value	NOUN
faba-273	171	18	(	(	PUNCT
faba-273	171	19	81.36	81.36	NUM
faba-273	171	20	%	%	NOUN
faba-273	171	21	)	)	PUNCT
faba-273	171	22	respectively	respectively	ADV
faba-273	171	23	compared	compare	VERB
faba-273	171	24	to	to	ADP
faba-273	171	25	the	the	DET
faba-273	171	26	random	random	ADJ
faba-273	171	27	and	and	CCONJ
faba-273	171	28	the	the	DET
faba-273	171	29	pooled	pooled	ADJ
faba-273	171	30	regressions	regression	NOUN
faba-273	171	31	.	.	PUNCT
faba-273	172	1	evaluating	evaluate	VERB
faba-273	172	2	the	the	DET
faba-273	172	3	results	result	NOUN
faba-273	172	4	of	of	ADP
faba-273	172	5	both	both	CCONJ
faba-273	172	6	the	the	DET
faba-273	172	7	fixed	fix	VERB
faba-273	172	8	and	and	CCONJ
faba-273	172	9	random	random	ADJ
faba-273	172	10	effect	effect	NOUN
faba-273	172	11	,	,	PUNCT
faba-273	172	12	one	one	PRON
faba-273	172	13	could	could	AUX
faba-273	172	14	see	see	VERB
faba-273	172	15	that	that	SCONJ
faba-273	172	16	there	there	PRON
faba-273	172	17	are	be	VERB
faba-273	172	18	considerable	considerable	ADJ
faba-273	172	19	interesting	interesting	ADJ
faba-273	172	20	outcomes	outcome	NOUN
faba-273	172	21	.	.	PUNCT
faba-273	173	1	however	however	ADV
faba-273	173	2	,	,	PUNCT
faba-273	173	3	panel	panel	NOUN
faba-273	173	4	results	result	NOUN
faba-273	173	5	are	be	AUX
faba-273	173	6	justified	justify	VERB
faba-273	173	7	through	through	ADP
faba-273	173	8	the	the	DET
faba-273	173	9	choice	choice	NOUN
faba-273	173	10	of	of	ADP
faba-273	173	11	weather	weather	NOUN
faba-273	173	12	the	the	DET
faba-273	173	13	fixed	fix	VERB
faba-273	173	14	or	or	CCONJ
faba-273	173	15	random	random	ADJ
faba-273	173	16	effect	effect	NOUN
faba-273	173	17	is	be	AUX
faba-273	173	18	most	most	ADV
faba-273	173	19	appropriate	appropriate	ADJ
faba-273	173	20	in	in	ADP
faba-273	173	21	modelling	model	VERB
faba-273	173	22	the	the	DET
faba-273	173	23	desired	desire	VERB
faba-273	173	24	objective	objective	NOUN
faba-273	173	25	.	.	PUNCT
faba-273	174	1	hence	hence	ADV
faba-273	174	2	,	,	PUNCT
faba-273	174	3	the	the	DET
faba-273	174	4	hausman	hausman	ADJ
faba-273	174	5	test	test	NOUN
faba-273	174	6	aids	aid	NOUN
faba-273	174	7	in	in	ADP
faba-273	174	8	determining	determine	VERB
faba-273	174	9	the	the	DET
faba-273	174	10	best	good	ADJ
faba-273	174	11	fit	fit	ADJ
faba-273	174	12	model	model	NOUN
faba-273	174	13	between	between	ADP
faba-273	174	14	fixed	fix	VERB
faba-273	174	15	effect	effect	NOUN
faba-273	174	16	and	and	CCONJ
faba-273	174	17	the	the	DET
faba-273	174	18	random	random	ADJ
faba-273	174	19	effects	effect	NOUN
faba-273	174	20	within	within	ADP
faba-273	174	21	a	a	DET
faba-273	174	22	panel	panel	NOUN
faba-273	174	23	data	data	NOUN
faba-273	174	24	model	model	NOUN
faba-273	174	25	(	(	PUNCT
faba-273	174	26	amin	amin	PROPN
faba-273	174	27	et	et	PROPN
faba-273	174	28	al	al	PROPN
faba-273	174	29	.	.	PROPN
faba-273	174	30	2012	2012	NUM
faba-273	174	31	)	)	PUNCT
faba-273	174	32	.	.	PUNCT
faba-273	175	1	therefore	therefore	ADV
faba-273	175	2	,	,	PUNCT
faba-273	175	3	the	the	DET
faba-273	175	4	hausman	hausman	ADJ
faba-273	175	5	test	test	NOUN
faba-273	175	6	result	result	NOUN
faba-273	175	7	shows	show	VERB
faba-273	175	8	a	a	DET
faba-273	175	9	chi	chi	NOUN
faba-273	175	10	-	-	PUNCT
faba-273	175	11	sq	sq	NOUN
faba-273	175	12	,	,	PUNCT
faba-273	175	13	p	p	NOUN
faba-273	175	14	value	value	NOUN
faba-273	175	15	of	of	ADP
faba-273	175	16	0.0000	0.0000	NUM
faba-273	175	17	,	,	PUNCT
faba-273	175	18	suggesting	suggest	VERB
faba-273	175	19	the	the	DET
faba-273	175	20	fixed	fixed	ADJ
faba-273	175	21	effect	effect	NOUN
faba-273	175	22	model	model	NOUN
faba-273	175	23	is	be	AUX
faba-273	175	24	the	the	DET
faba-273	175	25	best	well	ADV
faba-273	175	26	fitted	fit	VERB
faba-273	175	27	model	model	NOUN
faba-273	175	28	for	for	ADP
faba-273	175	29	this	this	DET
faba-273	175	30	study	study	NOUN
faba-273	175	31	.	.	PUNCT
faba-273	176	1	discussion	discussion	NOUN
faba-273	176	2	the	the	DET
faba-273	176	3	esg	esg	PROPN
faba-273	176	4	compliance	compliance	NOUN
faba-273	176	5	score	score	NOUN
faba-273	176	6	is	be	AUX
faba-273	176	7	estimated	estimate	VERB
faba-273	176	8	to	to	PART
faba-273	176	9	have	have	VERB
faba-273	176	10	a	a	DET
faba-273	176	11	negative	negative	ADJ
faba-273	176	12	statistically	statistically	ADV
faba-273	176	13	significant	significant	ADJ
faba-273	176	14	relationship	relationship	NOUN
faba-273	176	15	with	with	ADP
faba-273	176	16	bank	bank	NOUN
faba-273	176	17	returns	return	NOUN
faba-273	176	18	at	at	ADP
faba-273	176	19	a	a	DET
faba-273	176	20	1	1	NUM
faba-273	176	21	%	%	NOUN
faba-273	176	22	level	level	NOUN
faba-273	176	23	.	.	PUNCT
faba-273	177	1	this	this	PRON
faba-273	177	2	is	be	AUX
faba-273	177	3	suggestive	suggestive	ADJ
faba-273	177	4	of	of	ADP
faba-273	177	5	the	the	DET
faba-273	177	6	fact	fact	NOUN
faba-273	177	7	that	that	SCONJ
faba-273	177	8	south	south	ADJ
faba-273	177	9	african	african	ADJ
faba-273	177	10	banks	bank	NOUN
faba-273	177	11	returns	return	NOUN
faba-273	177	12	have	have	AUX
faba-273	177	13	a	a	DET
faba-273	177	14	negative	negative	ADJ
faba-273	177	15	relationship	relationship	NOUN
faba-273	177	16	with	with	ADP
faba-273	177	17	esg	esg	PROPN
faba-273	177	18	compliance	compliance	NOUN
faba-273	177	19	.	.	PUNCT
faba-273	178	1	it	it	PRON
faba-273	178	2	further	far	ADV
faba-273	178	3	connotes	connote	VERB
faba-273	178	4	that	that	SCONJ
faba-273	178	5	esg	esg	PROPN
faba-273	178	6	score	score	NOUN
faba-273	178	7	of	of	ADP
faba-273	178	8	south	south	ADJ
faba-273	178	9	african	african	ADJ
faba-273	178	10	banks	bank	NOUN
faba-273	178	11	do	do	AUX
faba-273	178	12	not	not	PART
faba-273	178	13	have	have	VERB
faba-273	178	14	a	a	DET
faba-273	178	15	positive	positive	ADJ
faba-273	178	16	impact	impact	NOUN
faba-273	178	17	on	on	ADP
faba-273	178	18	their	their	PRON
faba-273	178	19	returns	return	NOUN
faba-273	178	20	.	.	PUNCT
faba-273	179	1	this	this	DET
faba-273	179	2	result	result	NOUN
faba-273	179	3	is	be	AUX
faba-273	179	4	unique	unique	ADJ
faba-273	179	5	but	but	CCONJ
faba-273	179	6	similar	similar	ADJ
faba-273	179	7	to	to	ADP
faba-273	179	8	yuen	yuen	PROPN
faba-273	179	9	et	et	PROPN
faba-273	179	10	al	al	PROPN
faba-273	179	11	(	(	PUNCT
faba-273	179	12	2022	2022	NUM
faba-273	179	13	)	)	PUNCT
faba-273	179	14	,	,	PUNCT
faba-273	179	15	menicucci	menicucci	NOUN
faba-273	179	16	and	and	CCONJ
faba-273	179	17	paolucci	paolucci	NOUN
faba-273	179	18	(	(	PUNCT
faba-273	179	19	2023	2023	NUM
faba-273	179	20	)	)	PUNCT
faba-273	179	21	,	,	PUNCT
faba-273	179	22	and	and	CCONJ
faba-273	179	23	indrasuci	indrasuci	PROPN
faba-273	179	24	and	and	CCONJ
faba-273	179	25	rokhim	rokhim	NOUN
faba-273	179	26	(	(	PUNCT
faba-273	179	27	2023	2023	NUM
faba-273	179	28	)	)	PUNCT
faba-273	179	29	which	which	PRON
faba-273	179	30	showed	show	VERB
faba-273	179	31	that	that	SCONJ
faba-273	179	32	esg	esg	PROPN
faba-273	179	33	has	have	VERB
faba-273	179	34	a	a	DET
faba-273	179	35	negative	negative	ADJ
faba-273	179	36	effect	effect	NOUN
faba-273	179	37	on	on	ADP
faba-273	179	38	commercial	commercial	ADJ
faba-273	179	39	bank	bank	NOUN
faba-273	179	40	performance	performance	NOUN
faba-273	179	41	.	.	PUNCT
faba-273	180	1	empirical	empirical	ADJ
faba-273	180	2	evidence	evidence	NOUN
faba-273	180	3	outside	outside	ADP
faba-273	180	4	south	south	PROPN
faba-273	180	5	africa	africa	PROPN
faba-273	180	6	such	such	ADJ
faba-273	180	7	as	as	ADP
faba-273	180	8	carnevale	carnevale	NOUN
faba-273	180	9	and	and	CCONJ
faba-273	180	10	mazzuca	mazzuca	PROPN
faba-273	180	11	(	(	PUNCT
faba-273	180	12	2014	2014	NUM
faba-273	180	13	)	)	PUNCT
faba-273	180	14	suggests	suggest	VERB
faba-273	180	15	similar	similar	ADJ
faba-273	180	16	negative	negative	ADJ
faba-273	180	17	association	association	NOUN
faba-273	180	18	between	between	ADP
faba-273	180	19	esg	esg	PROPN
faba-273	180	20	compliance	compliance	NOUN
faba-273	180	21	and	and	CCONJ
faba-273	180	22	bank	bank	NOUN
faba-273	180	23	returns	return	NOUN
faba-273	180	24	.	.	PUNCT
faba-273	181	1	the	the	DET
faba-273	181	2	authors	author	NOUN
faba-273	181	3	emphasized	emphasize	VERB
faba-273	181	4	increase	increase	NOUN
faba-273	181	5	in	in	ADP
faba-273	181	6	cost	cost	NOUN
faba-273	181	7	associated	associate	VERB
faba-273	181	8	with	with	ADP
faba-273	181	9	meeting	meet	VERB
faba-273	181	10	the	the	DET
faba-273	181	11	initiatives	initiative	NOUN
faba-273	181	12	of	of	ADP
faba-273	181	13	sustainable	sustainable	ADJ
faba-273	181	14	banking	banking	NOUN
faba-273	181	15	practise	practise	NOUN
faba-273	181	16	as	as	ADP
faba-273	181	17	reasons	reason	NOUN
faba-273	181	18	for	for	ADP
faba-273	181	19	the	the	DET
faba-273	181	20	inverse	inverse	NOUN
faba-273	181	21	relations	relation	NOUN
faba-273	181	22	.	.	PUNCT
faba-273	182	1	this	this	DET
faba-273	182	2	reason	reason	NOUN
faba-273	182	3	could	could	AUX
faba-273	182	4	also	also	ADV
faba-273	182	5	be	be	AUX
faba-273	182	6	related	relate	VERB
faba-273	182	7	to	to	ADP
faba-273	182	8	the	the	DET
faba-273	182	9	findings	finding	NOUN
faba-273	182	10	of	of	ADP
faba-273	182	11	esg	esg	PROPN
faba-273	182	12	having	have	VERB
faba-273	182	13	a	a	DET
faba-273	182	14	negative	negative	ADJ
faba-273	182	15	impact	impact	NOUN
faba-273	182	16	on	on	ADP
faba-273	182	17	south	south	ADJ
faba-273	182	18	african	african	ADJ
faba-273	182	19	bank	bank	NOUN
faba-273	182	20	returns	return	NOUN
faba-273	182	21	.	.	PUNCT
faba-273	183	1	zulu	zulu	PROPN
faba-273	183	2	(	(	PUNCT
faba-273	183	3	2022	2022	NUM
faba-273	183	4	)	)	PUNCT
faba-273	183	5	further	far	ADV
faba-273	183	6	posit	posit	VERB
faba-273	183	7	in	in	ADP
faba-273	183	8	its	its	PRON
faba-273	183	9	systematic	systematic	ADJ
faba-273	183	10	review	review	NOUN
faba-273	183	11	of	of	ADP
faba-273	183	12	literature	literature	NOUN
faba-273	183	13	that	that	SCONJ
faba-273	183	14	there	there	PRON
faba-273	183	15	are	be	VERB
faba-273	183	16	no	no	DET
faba-273	183	17	mandatory	mandatory	ADJ
faba-273	183	18	requirements	requirement	NOUN
faba-273	183	19	for	for	ADP
faba-273	183	20	commercial	commercial	ADJ
faba-273	183	21	banks	bank	NOUN
faba-273	183	22	strict	strict	ADJ
faba-273	183	23	compliance	compliance	NOUN
faba-273	183	24	to	to	ADP
faba-273	183	25	esg	esg	NOUN
faba-273	183	26	principles	principle	NOUN
faba-273	183	27	in	in	ADP
faba-273	183	28	their	their	PRON
faba-273	183	29	daily	daily	ADJ
faba-273	183	30	banking	banking	NOUN
faba-273	183	31	operations	operation	NOUN
faba-273	183	32	.	.	PUNCT
faba-273	184	1	hence	hence	ADV
faba-273	184	2	,	,	PUNCT
faba-273	184	3	this	this	PRON
faba-273	184	4	could	could	AUX
faba-273	184	5	be	be	AUX
faba-273	184	6	a	a	DET
faba-273	184	7	deliberate	deliberate	ADJ
faba-273	184	8	attempt	attempt	NOUN
faba-273	184	9	by	by	ADP
faba-273	184	10	south	south	ADJ
faba-273	184	11	african	african	ADJ
faba-273	184	12	banks	bank	NOUN
faba-273	184	13	to	to	PART
faba-273	184	14	avoid	avoid	VERB
faba-273	184	15	the	the	DET
faba-273	184	16	cost	cost	NOUN
faba-273	184	17	associated	associate	VERB
faba-273	184	18	with	with	ADP
faba-273	184	19	compliance	compliance	NOUN
faba-273	184	20	with	with	ADP
faba-273	184	21	the	the	DET
faba-273	184	22	operations	operation	NOUN
faba-273	184	23	of	of	ADP
faba-273	184	24	esg	esg	PROPN
faba-273	184	25	.	.	PUNCT
faba-273	185	1	furthermore	furthermore	ADV
faba-273	185	2	,	,	PUNCT
faba-273	185	3	the	the	DET
faba-273	185	4	control	control	NOUN
faba-273	185	5	variables	variable	VERB
faba-273	185	6	relationships	relationship	NOUN
faba-273	185	7	show	show	VERB
faba-273	185	8	some	some	DET
faba-273	185	9	interesting	interesting	ADJ
faba-273	185	10	outcome	outcome	NOUN
faba-273	185	11	with	with	ADP
faba-273	185	12	bank	bank	NOUN
faba-273	185	13	returns	return	NOUN
faba-273	185	14	.	.	PUNCT
faba-273	186	1	while	while	SCONJ
faba-273	186	2	cpi	cpi	PROPN
faba-273	186	3	,	,	PUNCT
faba-273	186	4	and	and	CCONJ
faba-273	186	5	reer	reer	NOUN
faba-273	186	6	show	show	VERB
faba-273	186	7	no	no	DET
faba-273	186	8	statistically	statistically	ADV
faba-273	186	9	significant	significant	ADJ
faba-273	186	10	relationship	relationship	NOUN
faba-273	186	11	with	with	ADP
faba-273	186	12	south	south	ADJ
faba-273	186	13	african	african	PROPN
faba-273	186	14	bank	bank	NOUN
faba-273	186	15	returns	return	NOUN
faba-273	186	16	,	,	PUNCT
faba-273	186	17	m2	m2	PROPN
faba-273	186	18	,	,	PUNCT
faba-273	186	19	babatunde	babatunde	PROPN
faba-273	186	20	lawrence	lawrence	PROPN
faba-273	186	21	,	,	PUNCT
faba-273	186	22	fabian	fabian	ADJ
faba-273	186	23	moodley/	moodley/	NUM
faba-273	186	24	finance	finance	NOUN
faba-273	186	25	,	,	PUNCT
faba-273	186	26	accounting	accounting	NOUN
faba-273	186	27	and	and	CCONJ
faba-273	186	28	business	business	NOUN
faba-273	186	29	analysis	analysis	NOUN
faba-273	186	30	,	,	PUNCT
faba-273	186	31	volume	volume	NOUN
faba-273	186	32	7	7	NUM
faba-273	186	33	,	,	PUNCT
faba-273	186	34	issue	issue	NOUN
faba-273	186	35	2	2	NUM
faba-273	186	36	,	,	PUNCT
faba-273	186	37	2025	2025	NUM
faba-273	186	38	205	205	NUM
faba-273	186	39	long	long	ADJ
faba-273	186	40	-	-	PUNCT
faba-273	186	41	term	term	NOUN
faba-273	186	42	interest	interest	NOUN
faba-273	186	43	rate	rate	NOUN
faba-273	186	44	and	and	CCONJ
faba-273	186	45	gdp	gdp	NOUN
faba-273	186	46	show	show	VERB
faba-273	186	47	a	a	DET
faba-273	186	48	statistically	statistically	ADV
faba-273	186	49	significant	significant	ADJ
faba-273	186	50	relationship	relationship	NOUN
faba-273	186	51	at	at	ADP
faba-273	186	52	a	a	DET
faba-273	186	53	1	1	NUM
faba-273	186	54	%	%	NOUN
faba-273	186	55	level	level	NOUN
faba-273	186	56	.	.	PUNCT
faba-273	187	1	for	for	ADP
faba-273	187	2	m2	m2	PROPN
faba-273	187	3	,	,	PUNCT
faba-273	187	4	there	there	PRON
faba-273	187	5	exist	exist	VERB
faba-273	187	6	a	a	DET
faba-273	187	7	significant	significant	ADJ
faba-273	187	8	negative	negative	ADJ
faba-273	187	9	relationship	relationship	NOUN
faba-273	187	10	with	with	ADP
faba-273	187	11	south	south	ADJ
faba-273	187	12	african	african	PROPN
faba-273	187	13	bank	bank	NOUN
faba-273	187	14	returns	return	NOUN
faba-273	187	15	.	.	PUNCT
faba-273	188	1	this	this	PRON
faba-273	188	2	implies	imply	VERB
faba-273	188	3	that	that	SCONJ
faba-273	188	4	the	the	DET
faba-273	188	5	increase	increase	NOUN
faba-273	188	6	in	in	ADP
faba-273	188	7	m2	m2	PROPN
faba-273	188	8	does	do	AUX
faba-273	188	9	have	have	VERB
faba-273	188	10	a	a	DET
faba-273	188	11	negative	negative	ADJ
faba-273	188	12	impact	impact	NOUN
faba-273	188	13	on	on	ADP
faba-273	188	14	bank	bank	NOUN
faba-273	188	15	returns	return	NOUN
faba-273	188	16	.	.	PUNCT
faba-273	189	1	gdp	gdp	NOUN
faba-273	189	2	has	have	VERB
faba-273	189	3	a	a	DET
faba-273	189	4	positive	positive	ADJ
faba-273	189	5	significant	significant	ADJ
faba-273	189	6	relationship	relationship	NOUN
faba-273	189	7	with	with	ADP
faba-273	189	8	south	south	ADJ
faba-273	189	9	african	african	PROPN
faba-273	189	10	bank	bank	NOUN
faba-273	189	11	returns	return	NOUN
faba-273	189	12	at	at	ADP
faba-273	189	13	1	1	NUM
faba-273	189	14	%	%	NOUN
faba-273	189	15	level	level	NOUN
faba-273	189	16	.	.	PUNCT
faba-273	190	1	this	this	DET
faba-273	190	2	result	result	NOUN
faba-273	190	3	is	be	AUX
faba-273	190	4	contrary	contrary	ADJ
faba-273	190	5	to	to	PART
faba-273	190	6	okech	okech	VERB
faba-273	190	7	and	and	CCONJ
faba-273	190	8	mugambi	mugambi	ADJ
faba-273	190	9	(	(	PUNCT
faba-273	190	10	2016	2016	NUM
faba-273	190	11	)	)	PUNCT
faba-273	190	12	who	who	PRON
faba-273	190	13	reveals	reveal	VERB
faba-273	190	14	a	a	DET
faba-273	190	15	negative	negative	ADJ
faba-273	190	16	and	and	CCONJ
faba-273	190	17	insignificant	insignificant	ADJ
faba-273	190	18	relationship	relationship	NOUN
faba-273	190	19	between	between	ADP
faba-273	190	20	bank	bank	NOUN
faba-273	190	21	stock	stock	NOUN
faba-273	190	22	returns	return	NOUN
faba-273	190	23	and	and	CCONJ
faba-273	190	24	gdp	gdp	NOUN
faba-273	190	25	.	.	PUNCT
faba-273	191	1	however	however	ADV
faba-273	191	2	,	,	PUNCT
faba-273	191	3	consistent	consistent	ADJ
faba-273	191	4	with	with	ADP
faba-273	191	5	laichena	laichena	NOUN
faba-273	191	6	and	and	CCONJ
faba-273	191	7	obwogi	obwogi	NOUN
faba-273	191	8	(	(	PUNCT
faba-273	191	9	2015	2015	NUM
faba-273	191	10	)	)	PUNCT
faba-273	191	11	who	who	PRON
faba-273	191	12	found	find	VERB
faba-273	191	13	a	a	DET
faba-273	191	14	positive	positive	ADJ
faba-273	191	15	relationship	relationship	NOUN
faba-273	191	16	between	between	ADP
faba-273	191	17	banks	bank	NOUN
faba-273	191	18	stock	stock	NOUN
faba-273	191	19	returns	return	NOUN
faba-273	191	20	of	of	ADP
faba-273	191	21	three	three	NUM
faba-273	191	22	east	east	ADJ
faba-273	191	23	african	african	ADJ
faba-273	191	24	economies	economy	NOUN
faba-273	191	25	.	.	PUNCT
faba-273	192	1	the	the	DET
faba-273	192	2	result	result	NOUN
faba-273	192	3	suggests	suggest	VERB
faba-273	192	4	that	that	SCONJ
faba-273	192	5	economic	economic	ADJ
faba-273	192	6	growth	growth	NOUN
faba-273	192	7	plays	play	VERB
faba-273	192	8	a	a	DET
faba-273	192	9	vital	vital	ADJ
faba-273	192	10	role	role	NOUN
faba-273	192	11	in	in	ADP
faba-273	192	12	determining	determine	VERB
faba-273	192	13	the	the	DET
faba-273	192	14	returns	return	NOUN
faba-273	192	15	of	of	ADP
faba-273	192	16	south	south	ADJ
faba-273	192	17	african	african	ADJ
faba-273	192	18	banks	bank	NOUN
faba-273	192	19	.	.	PUNCT
faba-273	193	1	further	far	ADV
faba-273	193	2	suggestive	suggestive	ADJ
faba-273	193	3	that	that	SCONJ
faba-273	193	4	a	a	DET
faba-273	193	5	buoyant	buoyant	ADJ
faba-273	193	6	economy	economy	NOUN
faba-273	193	7	strengthens	strengthen	VERB
faba-273	193	8	banks	bank	NOUN
faba-273	193	9	return	return	VERB
faba-273	193	10	per	per	ADP
faba-273	193	11	unit	unit	NOUN
faba-273	193	12	of	of	ADP
faba-273	193	13	investment	investment	NOUN
faba-273	193	14	into	into	ADP
faba-273	193	15	business	business	NOUN
faba-273	193	16	in	in	ADP
faba-273	193	17	the	the	DET
faba-273	193	18	economy	economy	NOUN
faba-273	193	19	.	.	PUNCT
faba-273	194	1	furthermore	furthermore	ADV
faba-273	194	2	,	,	PUNCT
faba-273	194	3	the	the	DET
faba-273	194	4	result	result	NOUN
faba-273	194	5	shows	show	VERB
faba-273	194	6	that	that	SCONJ
faba-273	194	7	both	both	PRON
faba-273	194	8	short	short	ADJ
faba-273	194	9	term	term	NOUN
faba-273	194	10	and	and	CCONJ
faba-273	194	11	long	long	ADJ
faba-273	194	12	-	-	PUNCT
faba-273	194	13	term	term	NOUN
faba-273	194	14	interest	interest	NOUN
faba-273	194	15	rates	rate	NOUN
faba-273	194	16	has	have	VERB
faba-273	194	17	a	a	DET
faba-273	194	18	positive	positive	ADJ
faba-273	194	19	significant	significant	ADJ
faba-273	194	20	relationship	relationship	NOUN
faba-273	194	21	with	with	ADP
faba-273	194	22	south	south	ADJ
faba-273	194	23	african	african	PROPN
faba-273	194	24	bank	bank	PROPN
faba-273	194	25	return	return	NOUN
faba-273	194	26	.	.	PUNCT
faba-273	195	1	the	the	DET
faba-273	195	2	result	result	NOUN
faba-273	195	3	is	be	AUX
faba-273	195	4	contrary	contrary	ADJ
faba-273	195	5	to	to	ADP
faba-273	195	6	nurazi	nurazi	PROPN
faba-273	195	7	and	and	CCONJ
faba-273	195	8	usman	usman	PROPN
faba-273	195	9	(	(	PUNCT
faba-273	195	10	2016	2016	NUM
faba-273	195	11	)	)	PUNCT
faba-273	195	12	who	who	PRON
faba-273	195	13	found	find	VERB
faba-273	195	14	a	a	DET
faba-273	195	15	negative	negative	ADJ
faba-273	195	16	effect	effect	NOUN
faba-273	195	17	of	of	ADP
faba-273	195	18	interest	interest	NOUN
faba-273	195	19	rate	rate	NOUN
faba-273	195	20	on	on	ADP
faba-273	195	21	bank	bank	NOUN
faba-273	195	22	returns	return	NOUN
faba-273	195	23	in	in	ADP
faba-273	195	24	kenya	kenya	PROPN
faba-273	195	25	.	.	PUNCT
faba-273	196	1	the	the	DET
faba-273	196	2	positive	positive	ADJ
faba-273	196	3	significant	significant	ADJ
faba-273	196	4	outcome	outcome	NOUN
faba-273	196	5	between	between	ADP
faba-273	196	6	long	long	ADJ
faba-273	196	7	-	-	PUNCT
faba-273	196	8	term	term	NOUN
faba-273	196	9	interest	interest	NOUN
faba-273	196	10	rate	rate	NOUN
faba-273	196	11	and	and	CCONJ
faba-273	196	12	south	south	ADJ
faba-273	196	13	african	african	ADJ
faba-273	196	14	bank	bank	PROPN
faba-273	196	15	return	return	NOUN
faba-273	196	16	suggests	suggest	VERB
faba-273	196	17	that	that	SCONJ
faba-273	196	18	most	most	ADJ
faba-273	196	19	south	south	ADJ
faba-273	196	20	african	african	ADJ
faba-273	196	21	banks	bank	NOUN
faba-273	196	22	widen	widen	VERB
faba-273	196	23	the	the	DET
faba-273	196	24	spread	spread	NOUN
faba-273	196	25	between	between	ADP
faba-273	196	26	the	the	DET
faba-273	196	27	interest	interest	NOUN
faba-273	196	28	earned	earn	VERB
faba-273	196	29	on	on	ADP
faba-273	196	30	loans	loan	NOUN
faba-273	196	31	and	and	CCONJ
faba-273	196	32	the	the	DET
faba-273	196	33	interest	interest	NOUN
faba-273	196	34	paid	pay	VERB
faba-273	196	35	on	on	ADP
faba-273	196	36	deposits	deposit	NOUN
faba-273	196	37	hence	hence	ADV
faba-273	196	38	boosting	boost	VERB
faba-273	196	39	their	their	PRON
faba-273	196	40	net	net	ADJ
faba-273	196	41	income	income	NOUN
faba-273	196	42	and	and	CCONJ
faba-273	196	43	potentially	potentially	ADV
faba-273	196	44	attracting	attract	VERB
faba-273	196	45	more	more	ADJ
faba-273	196	46	deposit	deposit	NOUN
faba-273	196	47	.	.	PUNCT
faba-273	197	1	reer	reer	PROPN
faba-273	197	2	shows	show	VERB
faba-273	197	3	a	a	DET
faba-273	197	4	positive	positive	ADJ
faba-273	197	5	significant	significant	ADJ
faba-273	197	6	relationship	relationship	NOUN
faba-273	197	7	with	with	ADP
faba-273	197	8	bank	bank	NOUN
faba-273	197	9	returns	return	NOUN
faba-273	197	10	.	.	PUNCT
faba-273	198	1	this	this	DET
faba-273	198	2	result	result	NOUN
faba-273	198	3	is	be	AUX
faba-273	198	4	contrary	contrary	ADJ
faba-273	198	5	to	to	ADP
faba-273	198	6	nurazi	nurazi	PROPN
faba-273	198	7	and	and	CCONJ
faba-273	198	8	usman	usman	PROPN
faba-273	198	9	(	(	PUNCT
faba-273	198	10	2016	2016	NUM
faba-273	198	11	)	)	PUNCT
faba-273	198	12	who	who	PRON
faba-273	198	13	found	find	VERB
faba-273	198	14	a	a	DET
faba-273	198	15	negative	negative	ADJ
faba-273	198	16	significant	significant	ADJ
faba-273	198	17	relationship	relationship	NOUN
faba-273	198	18	between	between	ADP
faba-273	198	19	exchange	exchange	NOUN
faba-273	198	20	rate	rate	NOUN
faba-273	198	21	and	and	CCONJ
faba-273	198	22	bank	bank	NOUN
faba-273	198	23	returns	return	NOUN
faba-273	198	24	.	.	PUNCT
faba-273	199	1	conclusion	conclusion	NOUN
faba-273	199	2	this	this	DET
faba-273	199	3	study	study	NOUN
faba-273	199	4	seeks	seek	VERB
faba-273	199	5	to	to	PART
faba-273	199	6	establish	establish	VERB
faba-273	199	7	if	if	SCONJ
faba-273	199	8	esg	esg	PROPN
faba-273	199	9	compliance	compliance	NOUN
faba-273	199	10	of	of	ADP
faba-273	199	11	banks	bank	NOUN
faba-273	199	12	could	could	AUX
faba-273	199	13	drive	drive	VERB
faba-273	199	14	their	their	PRON
faba-273	199	15	stock	stock	NOUN
faba-273	199	16	return	return	NOUN
faba-273	199	17	in	in	ADP
faba-273	199	18	south	south	PROPN
faba-273	199	19	africa	africa	PROPN
faba-273	199	20	.	.	PUNCT
faba-273	200	1	hence	hence	ADV
faba-273	200	2	,	,	PUNCT
faba-273	200	3	using	use	VERB
faba-273	200	4	the	the	DET
faba-273	200	5	panel	panel	NOUN
faba-273	200	6	data	datum	NOUN
faba-273	200	7	,	,	PUNCT
faba-273	200	8	fixed	fix	VERB
faba-273	200	9	effect	effect	NOUN
faba-273	200	10	model	model	NOUN
faba-273	200	11	,	,	PUNCT
faba-273	200	12	the	the	DET
faba-273	200	13	study	study	NOUN
faba-273	200	14	regressed	regress	VERB
faba-273	200	15	bank	bank	NOUN
faba-273	200	16	returns	return	NOUN
faba-273	200	17	(	(	PUNCT
faba-273	200	18	response	response	NOUN
faba-273	200	19	variable	variable	NOUN
faba-273	200	20	)	)	PUNCT
faba-273	200	21	against	against	ADP
faba-273	200	22	esg	esg	PROPN
faba-273	200	23	bank	bank	PROPN
faba-273	200	24	compliance	compliance	NOUN
faba-273	200	25	(	(	PUNCT
faba-273	200	26	explanatory	explanatory	ADJ
faba-273	200	27	variable	variable	NOUN
faba-273	200	28	)	)	PUNCT
faba-273	200	29	alongside	alongside	ADP
faba-273	200	30	cpi	cpi	PROPN
faba-273	200	31	,	,	PUNCT
faba-273	200	32	gdp	gdp	PROPN
faba-273	200	33	,	,	PUNCT
faba-273	200	34	reer	reer	PROPN
faba-273	200	35	,	,	PUNCT
faba-273	200	36	m2	m2	PROPN
faba-273	200	37	and	and	CCONJ
faba-273	200	38	shortand	shortand	NOUN
faba-273	200	39	longterm	longterm	PROPN
faba-273	200	40	interest	interest	NOUN
faba-273	200	41	rate	rate	NOUN
faba-273	200	42	as	as	ADP
faba-273	200	43	control	control	NOUN
faba-273	200	44	variables	variable	NOUN
faba-273	200	45	.	.	PUNCT
faba-273	201	1	the	the	DET
faba-273	201	2	study	study	NOUN
faba-273	201	3	finds	find	VERB
faba-273	201	4	that	that	SCONJ
faba-273	201	5	esg	esg	PROPN
faba-273	201	6	compliance	compliance	NOUN
faba-273	201	7	do	do	AUX
faba-273	201	8	not	not	PART
faba-273	201	9	positively	positively	ADV
faba-273	201	10	affect	affect	VERB
faba-273	201	11	bank	bank	NOUN
faba-273	201	12	returns	return	NOUN
faba-273	201	13	,	,	PUNCT
faba-273	201	14	but	but	CCONJ
faba-273	201	15	rather	rather	ADV
faba-273	201	16	negatively	negatively	ADV
faba-273	201	17	affect	affect	VERB
faba-273	201	18	bank	bank	NOUN
faba-273	201	19	returns	return	NOUN
faba-273	201	20	in	in	ADP
faba-273	201	21	south	south	PROPN
faba-273	201	22	africa	africa	PROPN
faba-273	201	23	.	.	PUNCT
faba-273	202	1	interestingly	interestingly	ADV
faba-273	202	2	certain	certain	ADJ
faba-273	202	3	macroeconomic	macroeconomic	ADJ
faba-273	202	4	variables	variable	NOUN
faba-273	202	5	such	such	ADJ
faba-273	202	6	as	as	ADP
faba-273	202	7	gdp	gdp	NOUN
faba-273	202	8	,	,	PUNCT
faba-273	202	9	both	both	CCONJ
faba-273	202	10	short	short	ADJ
faba-273	202	11	and	and	CCONJ
faba-273	202	12	long	long	ADJ
faba-273	202	13	-	-	PUNCT
faba-273	202	14	term	term	NOUN
faba-273	202	15	interest	interest	NOUN
faba-273	202	16	rate	rate	NOUN
faba-273	202	17	,	,	PUNCT
faba-273	202	18	and	and	CCONJ
faba-273	202	19	reer	reer	NOUN
faba-273	202	20	all	all	DET
faba-273	202	21	impact	impact	NOUN
faba-273	202	22	bank	bank	NOUN
faba-273	202	23	returns	return	NOUN
faba-273	202	24	positively	positively	ADV
faba-273	202	25	.	.	PUNCT
faba-273	203	1	as	as	ADP
faba-273	203	2	an	an	DET
faba-273	203	3	emerging	emerge	VERB
faba-273	203	4	market	market	NOUN
faba-273	203	5	economy	economy	NOUN
faba-273	203	6	,	,	PUNCT
faba-273	203	7	with	with	ADP
faba-273	203	8	a	a	DET
faba-273	203	9	banking	banking	NOUN
faba-273	203	10	industry	industry	NOUN
faba-273	203	11	that	that	PRON
faba-273	203	12	is	be	AUX
faba-273	203	13	striving	strive	VERB
faba-273	203	14	and	and	CCONJ
faba-273	203	15	excelling	excel	VERB
faba-273	203	16	as	as	ADP
faba-273	203	17	one	one	NUM
faba-273	203	18	of	of	ADP
faba-273	203	19	the	the	DET
faba-273	203	20	strongest	strong	ADJ
faba-273	203	21	and	and	CCONJ
faba-273	203	22	most	most	ADV
faba-273	203	23	stabilized	stabilize	VERB
faba-273	203	24	banking	banking	NOUN
faba-273	203	25	industry	industry	NOUN
faba-273	203	26	within	within	ADP
faba-273	203	27	the	the	DET
faba-273	203	28	emerging	emerge	VERB
faba-273	203	29	market	market	NOUN
faba-273	203	30	economy	economy	NOUN
faba-273	203	31	and	and	CCONJ
faba-273	203	32	even	even	ADV
faba-273	203	33	in	in	ADP
faba-273	203	34	africa	africa	PROPN
faba-273	203	35	.	.	PUNCT
faba-273	204	1	the	the	DET
faba-273	204	2	compliance	compliance	NOUN
faba-273	204	3	of	of	ADP
faba-273	204	4	its	its	PRON
faba-273	204	5	banking	banking	NOUN
faba-273	204	6	sector	sector	NOUN
faba-273	204	7	to	to	ADP
faba-273	204	8	the	the	DET
faba-273	204	9	esg	esg	PROPN
faba-273	204	10	requirements	requirement	NOUN
faba-273	204	11	in	in	ADP
faba-273	204	12	operating	operate	VERB
faba-273	204	13	its	its	PRON
faba-273	204	14	businesses	business	NOUN
faba-273	204	15	is	be	AUX
faba-273	204	16	very	very	ADV
faba-273	204	17	crucial	crucial	ADJ
faba-273	204	18	,	,	PUNCT
faba-273	204	19	because	because	SCONJ
faba-273	204	20	investors	investor	NOUN
faba-273	204	21	in	in	ADP
faba-273	204	22	the	the	DET
faba-273	204	23	country	country	NOUN
faba-273	204	24	are	be	AUX
faba-273	204	25	becoming	become	VERB
faba-273	204	26	more	more	ADV
faba-273	204	27	conscious	conscious	ADJ
faba-273	204	28	to	to	ADP
faba-273	204	29	sustainable	sustainable	ADJ
faba-273	204	30	finance	finance	NOUN
faba-273	204	31	.	.	PUNCT
faba-273	205	1	hence	hence	ADV
faba-273	205	2	,	,	PUNCT
faba-273	205	3	investors	investor	NOUN
faba-273	205	4	are	be	AUX
faba-273	205	5	likely	likely	ADJ
faba-273	205	6	to	to	PART
faba-273	205	7	pull	pull	VERB
faba-273	205	8	away	away	ADV
faba-273	205	9	their	their	PRON
faba-273	205	10	funds	fund	NOUN
faba-273	205	11	and	and	CCONJ
faba-273	205	12	investments	investment	NOUN
faba-273	205	13	from	from	ADP
faba-273	205	14	commercial	commercial	ADJ
faba-273	205	15	banks	bank	NOUN
faba-273	205	16	that	that	PRON
faba-273	205	17	are	be	AUX
faba-273	205	18	not	not	PART
faba-273	205	19	esg	esg	NOUN
faba-273	205	20	compliant	compliant	NOUN
faba-273	205	21	in	in	ADP
faba-273	205	22	the	the	DET
faba-273	205	23	country	country	NOUN
faba-273	205	24	.	.	PUNCT
faba-273	206	1	even	even	ADV
faba-273	206	2	though	though	SCONJ
faba-273	206	3	esg	esg	NOUN
faba-273	206	4	compliance	compliance	NOUN
faba-273	206	5	may	may	AUX
faba-273	206	6	come	come	VERB
faba-273	206	7	at	at	ADP
faba-273	206	8	an	an	DET
faba-273	206	9	initial	initial	ADJ
faba-273	206	10	cost	cost	NOUN
faba-273	206	11	but	but	CCONJ
faba-273	206	12	assures	assure	VERB
faba-273	206	13	benefits	benefit	NOUN
faba-273	206	14	and	and	CCONJ
faba-273	206	15	huge	huge	ADJ
faba-273	206	16	returns	return	NOUN
faba-273	206	17	at	at	ADP
faba-273	206	18	the	the	DET
faba-273	206	19	end	end	NOUN
faba-273	206	20	.	.	PUNCT
faba-273	207	1	this	this	DET
faba-273	207	2	initial	initial	ADJ
faba-273	207	3	cost	cost	NOUN
faba-273	207	4	could	could	AUX
faba-273	207	5	be	be	AUX
faba-273	207	6	a	a	DET
faba-273	207	7	huge	huge	ADJ
faba-273	207	8	hinderance	hinderance	NOUN
faba-273	207	9	to	to	ADP
faba-273	207	10	positive	positive	ADJ
faba-273	207	11	returns	return	NOUN
faba-273	207	12	for	for	ADP
faba-273	207	13	these	these	DET
faba-273	207	14	banks	bank	NOUN
faba-273	207	15	,	,	PUNCT
faba-273	207	16	however	however	ADV
faba-273	207	17	consistency	consistency	NOUN
faba-273	207	18	in	in	ADP
faba-273	207	19	observing	observe	VERB
faba-273	207	20	it	it	PRON
faba-273	207	21	would	would	AUX
faba-273	207	22	attract	attract	VERB
faba-273	207	23	better	well	ADJ
faba-273	207	24	and	and	CCONJ
faba-273	207	25	huge	huge	ADJ
faba-273	207	26	investments	investment	NOUN
faba-273	207	27	from	from	ADP
faba-273	207	28	within	within	ADP
faba-273	207	29	and	and	CCONJ
faba-273	207	30	outside	outside	ADP
faba-273	207	31	the	the	DET
faba-273	207	32	country	country	NOUN
faba-273	207	33	in	in	ADP
faba-273	207	34	the	the	DET
faba-273	207	35	long	long	ADJ
faba-273	207	36	run	run	NOUN
faba-273	207	37	.	.	PUNCT
faba-273	208	1	the	the	DET
faba-273	208	2	study	study	NOUN
faba-273	208	3	therefore	therefore	ADV
faba-273	208	4	recommends	recommend	VERB
faba-273	208	5	that	that	SCONJ
faba-273	208	6	policymakers	policymaker	NOUN
faba-273	208	7	in	in	ADP
faba-273	208	8	the	the	DET
faba-273	208	9	banking	banking	NOUN
faba-273	208	10	sector	sector	NOUN
faba-273	208	11	and	and	CCONJ
faba-273	208	12	the	the	DET
faba-273	208	13	regulators	regulator	NOUN
faba-273	208	14	(	(	PUNCT
faba-273	208	15	eg	eg	VERB
faba-273	208	16	the	the	DET
faba-273	208	17	sarb	sarb	NOUN
faba-273	208	18	)	)	PUNCT
faba-273	208	19	should	should	AUX
faba-273	208	20	ensure	ensure	VERB
faba-273	208	21	strict	strict	ADJ
faba-273	208	22	compliance	compliance	NOUN
faba-273	208	23	with	with	ADP
faba-273	208	24	esg	esg	NOUN
faba-273	208	25	standards	standard	NOUN
faba-273	208	26	for	for	ADP
faba-273	208	27	all	all	DET
faba-273	208	28	banks	bank	NOUN
faba-273	208	29	with	with	ADP
faba-273	208	30	the	the	DET
faba-273	208	31	view	view	NOUN
faba-273	208	32	of	of	ADP
faba-273	208	33	sustaining	sustain	VERB
faba-273	208	34	it	it	PRON
faba-273	208	35	in	in	ADP
faba-273	208	36	the	the	DET
faba-273	208	37	long	long	ADJ
faba-273	208	38	term	term	NOUN
faba-273	208	39	.	.	PUNCT
faba-273	209	1	this	this	PRON
faba-273	209	2	could	could	AUX
faba-273	209	3	be	be	AUX
faba-273	209	4	possible	possible	ADJ
faba-273	209	5	by	by	ADP
faba-273	209	6	closely	closely	ADV
faba-273	209	7	monitoring	monitor	VERB
faba-273	209	8	disclosures	disclosure	NOUN
faba-273	209	9	of	of	ADP
faba-273	209	10	esg	esg	NOUN
faba-273	209	11	frameworks	framework	NOUN
faba-273	209	12	in	in	ADP
faba-273	209	13	their	their	PRON
faba-273	209	14	governance	governance	NOUN
faba-273	209	15	structure	structure	NOUN
faba-273	209	16	,	,	PUNCT
faba-273	209	17	risk	risk	NOUN
faba-273	209	18	management	management	NOUN
faba-273	209	19	and	and	CCONJ
faba-273	209	20	business	business	NOUN
faba-273	209	21	processes	process	NOUN
faba-273	209	22	before	before	ADP
faba-273	209	23	implementation	implementation	NOUN
faba-273	209	24	.	.	PUNCT
faba-273	210	1	references	reference	NOUN
faba-273	210	2	adam	adam	PROPN
faba-273	210	3	,	,	PUNCT
faba-273	210	4	a.m.	a.m.	ADV
faba-273	210	5	,	,	PUNCT
faba-273	210	6	and	and	CCONJ
faba-273	210	7	g.	g.	PROPN
faba-273	210	8	tweneboah	tweneboah	PROPN
faba-273	210	9	.	.	PUNCT
faba-273	211	1	2008	2008	NUM
faba-273	211	2	.	.	PUNCT
faba-273	212	1	macroeconomic	macroeconomic	ADJ
faba-273	212	2	factors	factor	NOUN
faba-273	212	3	and	and	CCONJ
faba-273	212	4	stock	stock	NOUN
faba-273	212	5	market	market	NOUN
faba-273	212	6	movements	movement	NOUN
faba-273	212	7	:	:	PUNCT
faba-273	212	8	evidence	evidence	NOUN
faba-273	212	9	from	from	ADP
faba-273	212	10	ghana	ghana	PROPN
faba-273	212	11	.	.	PUNCT
faba-273	213	1	http://mpra.ub.uni-muenchen.de/11256/	http://mpra.ub.uni-muenchen.de/11256/	PROPN
faba-273	213	2	al	al	PROPN
faba-273	213	3	-	-	PUNCT
faba-273	213	4	homaidi	homaidi	PROPN
faba-273	213	5	,	,	PUNCT
faba-273	213	6	e.	e.	PROPN
faba-273	213	7	a.	a.	PROPN
faba-273	213	8	,	,	PUNCT
faba-273	213	9	m.	m.	NOUN
faba-273	213	10	i.	i.	PROPN
faba-273	213	11	tabash	tabash	PROPN
faba-273	213	12	,	,	PUNCT
faba-273	213	13	n.	n.	PROPN
faba-273	213	14	h.	h.	PROPN
faba-273	213	15	farhan	farhan	PROPN
faba-273	213	16	,	,	PUNCT
faba-273	213	17	and	and	CCONJ
faba-273	213	18	f.	f.	PROPN
faba-273	213	19	a.	a.	PROPN
faba-273	213	20	almaqtari	almaqtari	PROPN
faba-273	213	21	.	.	PUNCT
faba-273	214	1	2018	2018	NUM
faba-273	214	2	.	.	PUNCT
faba-273	215	1	bank	bank	NOUN
faba-273	215	2	-	-	PUNCT
faba-273	215	3	specific	specific	ADJ
faba-273	215	4	and	and	CCONJ
faba-273	215	5	macroeconomic	macroeconomic	ADJ
faba-273	215	6	determinants	determinant	NOUN
faba-273	215	7	of	of	ADP
faba-273	215	8	profitability	profitability	NOUN
faba-273	215	9	of	of	ADP
faba-273	215	10	indian	indian	ADJ
faba-273	215	11	commercial	commercial	ADJ
faba-273	215	12	banks	bank	NOUN
faba-273	215	13	:	:	PUNCT
faba-273	215	14	a	a	DET
faba-273	215	15	panel	panel	NOUN
faba-273	215	16	data	datum	NOUN
faba-273	215	17	approach	approach	NOUN
faba-273	215	18	.	.	PUNCT
faba-273	216	1	cogent	cogent	NOUN
faba-273	216	2	economics	economics	PROPN
faba-273	216	3	&	&	CCONJ
faba-273	216	4	finance	finance	PROPN
faba-273	216	5	,	,	PUNCT
faba-273	216	6	6(1	6(1	NUM
faba-273	216	7	):	):	PUNCT
faba-273	216	8	1548072e	1548072e	NUM
faba-273	216	9	.	.	PUNCT
faba-273	217	1	https://doi.org/10.1080/23322039.2018.1548072	https://doi.org/10.1080/23322039.2018.1548072	ADP
faba-273	217	2	amini	amini	PROPN
faba-273	217	3	,	,	PUNCT
faba-273	217	4	s.	s.	PROPN
faba-273	217	5	,	,	PUNCT
faba-273	217	6	m.	m.	PROPN
faba-273	217	7	s.	s.	PROPN
faba-273	217	8	delgado	delgado	PROPN
faba-273	217	9	,	,	PUNCT
faba-273	217	10	d.	d.	PROPN
faba-273	217	11	j.	j.	PROPN
faba-273	217	12	henderson	henderson	PROPN
faba-273	217	13	,	,	PUNCT
faba-273	217	14	and	and	CCONJ
faba-273	217	15	c.	c.	PROPN
faba-273	217	16	f.	f.	PROPN
faba-273	217	17	parmeter	parmeter	PROPN
faba-273	217	18	.	.	PUNCT
faba-273	217	19	2012	2012	NUM
faba-273	217	20	.	.	PUNCT
faba-273	218	1	fixed	fix	VERB
faba-273	218	2	vs	vs	ADP
faba-273	218	3	random	random	ADJ
faba-273	218	4	:	:	PUNCT
faba-273	218	5	the	the	DET
faba-273	218	6	hausman	hausman	PROPN
faba-273	218	7	test	test	NOUN
faba-273	218	8	four	four	NUM
faba-273	218	9	decades	decade	NOUN
faba-273	218	10	later	later	ADV
faba-273	218	11	.	.	PUNCT
faba-273	219	1	advances	advance	NOUN
faba-273	219	2	in	in	ADP
faba-273	219	3	econometrics	econometric	NOUN
faba-273	219	4	,	,	PUNCT
faba-273	219	5	29(1	29(1	NUM
faba-273	219	6	):	):	PUNCT
faba-273	219	7	479	479	NUM
faba-273	219	8	-	-	SYM
faba-273	219	9	513	513	NUM
faba-273	219	10	.	.	PUNCT
faba-273	220	1	https://doi.org/10.1108/s07319053(2012)0000029021	https://doi.org/10.1108/s07319053(2012)0000029021	PROPN
faba-273	220	2	anande	anande	NOUN
faba-273	220	3	-	-	PUNCT
faba-273	220	4	kur	kur	NOUN
faba-273	220	5	,	,	PUNCT
faba-273	220	6	f.	f.	PROPN
faba-273	220	7	,	,	PUNCT
faba-273	220	8	a.	a.	NOUN
faba-273	220	9	faajir	faajir	PROPN
faba-273	220	10	,	,	PUNCT
faba-273	220	11	and	and	CCONJ
faba-273	220	12	a.	a.	NOUN
faba-273	220	13	agbo	agbo	PROPN
faba-273	220	14	.	.	PUNCT
faba-273	221	1	2020	2020	NUM
faba-273	221	2	.	.	PUNCT
faba-273	222	1	determinants	determinant	NOUN
faba-273	222	2	of	of	ADP
faba-273	222	3	bank	bank	NOUN
faba-273	222	4	financial	financial	ADJ
faba-273	222	5	performance	performance	NOUN
faba-273	222	6	:	:	PUNCT
faba-273	222	7	a	a	DET
faba-273	222	8	study	study	NOUN
faba-273	222	9	of	of	ADP
faba-273	222	10	nigerian	nigerian	ADJ
faba-273	222	11	deposit	deposit	NOUN
faba-273	222	12	money	money	NOUN
faba-273	222	13	banks	bank	NOUN
faba-273	222	14	.	.	PUNCT
faba-273	223	1	china	china	PROPN
faba-273	223	2	-	-	PUNCT
faba-273	223	3	usa	usa	PROPN
faba-273	223	4	business	business	PROPN
faba-273	223	5	review	review	PROPN
faba-273	223	6	,	,	PUNCT
faba-273	223	7	19(4	19(4	NUM
faba-273	223	8	):	):	PUNCT
faba-273	223	9	103	103	NUM
faba-273	223	10	-	-	SYM
faba-273	223	11	114	114	NUM
faba-273	223	12	.	.	PUNCT
faba-273	224	1	barasa	barasa	PROPN
faba-273	224	2	,	,	PUNCT
faba-273	224	3	j.w	j.w	PROPN
faba-273	224	4	.	.	PROPN
faba-273	224	5	2014	2014	NUM
faba-273	224	6	.	.	PUNCT
faba-273	225	1	macroeconomic	macroeconomic	ADJ
faba-273	225	2	determinants	determinant	NOUN
faba-273	225	3	of	of	ADP
faba-273	225	4	stock	stock	NOUN
faba-273	225	5	market	market	NOUN
faba-273	225	6	performance	performance	NOUN
faba-273	225	7	in	in	ADP
faba-273	225	8	kenya	kenya	NOUN
faba-273	225	9	:	:	PUNCT
faba-273	225	10	case	case	NOUN
faba-273	225	11	of	of	ADP
faba-273	225	12	nairobi	nairobi	PROPN
faba-273	225	13	securities	security	NOUN
faba-273	225	14	exchange	exchange	PROPN
faba-273	225	15	.	.	PUNCT
faba-273	226	1	doctoral	doctoral	ADJ
faba-273	226	2	thesis	thesis	NOUN
faba-273	226	3	,	,	PUNCT
faba-273	226	4	school	school	NOUN
faba-273	226	5	of	of	ADP
faba-273	226	6	business	business	NOUN
faba-273	226	7	,	,	PUNCT
faba-273	226	8	university	university	PROPN
faba-273	226	9	of	of	ADP
faba-273	226	10	nairobi	nairobi	PROPN
faba-273	226	11	,	,	PUNCT
faba-273	226	12	kenya	kenya	PROPN
faba-273	226	13	.	.	PUNCT
faba-273	227	1	brunner	brunner	PROPN
faba-273	227	2	,	,	PUNCT
faba-273	227	3	k.	k.	PROPN
faba-273	227	4	2018	2018	NUM
faba-273	227	5	.	.	PUNCT
faba-273	228	1	money	money	NOUN
faba-273	228	2	supply	supply	NOUN
faba-273	228	3	,	,	PUNCT
faba-273	228	4	the	the	DET
faba-273	228	5	new	new	PROPN
faba-273	228	6	palgrave	palgrave	PROPN
faba-273	228	7	:	:	PUNCT
faba-273	228	8	a	a	DET
faba-273	228	9	dictionary	dictionary	NOUN
faba-273	228	10	of	of	ADP
faba-273	228	11	economics	economic	NOUN
faba-273	228	12	,	,	PUNCT
faba-273	228	13	3	3	NUM
faba-273	228	14	:	:	SYM
faba-273	228	15	527	527	NUM
faba-273	228	16	-	-	SYM
faba-273	228	17	537	537	NUM
faba-273	228	18	.	.	PUNCT
faba-273	228	19	carnevale	carnevale	NOUN
faba-273	228	20	,	,	PUNCT
faba-273	228	21	c.	c.	NOUN
faba-273	228	22	,	,	PUNCT
faba-273	228	23	and	and	CCONJ
faba-273	228	24	m.	m.	NOUN
faba-273	228	25	mazzuca	mazzuca	PROPN
faba-273	228	26	.	.	PUNCT
faba-273	229	1	2014	2014	NUM
faba-273	229	2	.	.	PUNCT
faba-273	230	1	sustainability	sustainability	NOUN
faba-273	230	2	report	report	NOUN
faba-273	230	3	and	and	CCONJ
faba-273	230	4	bank	bank	NOUN
faba-273	230	5	valuation	valuation	NOUN
faba-273	230	6	:	:	PUNCT
faba-273	230	7	evidence	evidence	NOUN
faba-273	230	8	from	from	ADP
faba-273	230	9	european	european	ADJ
faba-273	230	10	stock	stock	NOUN
faba-273	230	11	markets	market	NOUN
faba-273	230	12	.	.	PUNCT
faba-273	231	1	business	business	NOUN
faba-273	231	2	ethics	ethic	NOUN
faba-273	231	3	:	:	PUNCT
faba-273	231	4	a	a	DET
faba-273	231	5	european	european	PROPN
faba-273	231	6	review	review	PROPN
faba-273	231	7	,	,	PUNCT
faba-273	231	8	23(1	23(1	NUM
faba-273	231	9	):	):	PUNCT
faba-273	231	10	69	69	NUM
faba-273	231	11	-	-	SYM
faba-273	231	12	90	90	NUM
faba-273	231	13	.	.	PUNCT
faba-273	232	1	https://doi.org/10.1111/beer.12038	https://doi.org/10.1111/beer.12038	PROPN
faba-273	232	2	chopra	chopra	PROPN
faba-273	232	3	,	,	PUNCT
faba-273	232	4	s.s	s.s	PROPN
faba-273	232	5	.	.	PROPN
faba-273	232	6	,	,	PUNCT
faba-273	232	7	s.	s.	PROPN
faba-273	232	8	s.	s.	PROPN
faba-273	232	9	senadheera	senadheera	PROPN
faba-273	232	10	,	,	PUNCT
faba-273	232	11	p.	p.	PROPN
faba-273	232	12	d.	d.	PROPN
faba-273	232	13	dissanayake	dissanayake	PROPN
faba-273	232	14	,	,	PUNCT
faba-273	232	15	p.	p.	NOUN
faba-273	232	16	a.	a.	NOUN
faba-273	232	17	withana	withana	PROPN
faba-273	232	18	,	,	PUNCT
faba-273	232	19	r.	r.	PROPN
faba-273	232	20	chib	chib	PROPN
faba-273	232	21	,	,	PUNCT
faba-273	232	22	j.	j.	PROPN
faba-273	232	23	h.	h.	PROPN
faba-273	232	24	rhee	rhee	PROPN
faba-273	232	25	,	,	PUNCT
faba-273	232	26	and	and	CCONJ
faba-273	232	27	y.	y.	PROPN
faba-273	232	28	s.	s.	PROPN
faba-273	232	29	ok	ok	PROPN
faba-273	232	30	.	.	PROPN
faba-273	232	31	2024	2024	NUM
faba-273	232	32	.	.	PUNCT
faba-273	233	1	navigating	navigate	VERB
faba-273	233	2	the	the	DET
faba-273	233	3	challenges	challenge	NOUN
faba-273	233	4	of	of	ADP
faba-273	233	5	environmental	environmental	ADJ
faba-273	233	6	,	,	PUNCT
faba-273	233	7	social	social	ADJ
faba-273	233	8	,	,	PUNCT
faba-273	233	9	and	and	CCONJ
faba-273	233	10	governance	governance	NOUN
faba-273	233	11	(	(	PUNCT
faba-273	233	12	esg	esg	NOUN
faba-273	233	13	)	)	PUNCT
faba-273	233	14	reporting	reporting	NOUN
faba-273	233	15	:	:	PUNCT
faba-273	233	16	the	the	DET
faba-273	233	17	path	path	NOUN
faba-273	233	18	to	to	PART
faba-273	233	19	broader	broad	ADJ
faba-273	233	20	sustainable	sustainable	ADJ
faba-273	233	21	development	development	NOUN
faba-273	233	22	.	.	PUNCT
faba-273	234	1	sustainability	sustainability	NOUN
faba-273	234	2	,	,	PUNCT
faba-273	234	3	16(2	16(2	NUM
faba-273	234	4	):	):	PUNCT
faba-273	234	5	606	606	NUM
faba-273	234	6	.	.	PUNCT
faba-273	235	1	https://doi.org/10.3390/su16020606	https://doi.org/10.3390/su16020606	PROPN
faba-273	235	2	clément	clément	PROPN
faba-273	235	3	,	,	PUNCT
faba-273	235	4	a.	a.	PROPN
faba-273	235	5	,	,	PUNCT
faba-273	235	6	e.	e.	PROPN
faba-273	235	7	robinot	robinot	PROPN
faba-273	235	8	,	,	PUNCT
faba-273	235	9	and	and	CCONJ
faba-273	235	10	i.	i.	PROPN
faba-273	235	11	trespeuch	trespeuch	PROPN
faba-273	235	12	.	.	PUNCT
faba-273	236	1	2025	2025	NUM
faba-273	236	2	.	.	PUNCT
faba-273	237	1	the	the	DET
faba-273	237	2	use	use	NOUN
faba-273	237	3	of	of	ADP
faba-273	237	4	esg	esg	PROPN
faba-273	237	5	scores	score	NOUN
faba-273	237	6	in	in	ADP
faba-273	237	7	academic	academic	ADJ
faba-273	237	8	literature	literature	NOUN
faba-273	237	9	:	:	PUNCT
faba-273	237	10	a	a	DET
faba-273	237	11	systematic	systematic	ADJ
faba-273	237	12	http://mpra.ub.uni-muenchen.de/11256/	http://mpra.ub.uni-muenchen.de/11256/	NOUN
faba-273	237	13	https://doi.org/10.1080/23322039.2018.1548072	https://doi.org/10.1080/23322039.2018.1548072	ADP
faba-273	237	14	https://doi.org/10.1108/s0731-9053(2012)0000029021	https://doi.org/10.1108/s0731-9053(2012)0000029021	NOUN
faba-273	237	15	https://doi.org/10.1108/s0731-9053(2012)0000029021	https://doi.org/10.1108/s0731-9053(2012)0000029021	NOUN
faba-273	237	16	https://en.wikipedia.org/wiki/karl_brunner_(economist	https://en.wikipedia.org/wiki/karl_brunner_(economist	NOUN
faba-273	237	17	)	)	PUNCT
faba-273	237	18	https://en.wikipedia.org/wiki/the_new_palgrave:_a_dictionary_of_economics	https://en.wikipedia.org/wiki/the_new_palgrave:_a_dictionary_of_economic	NOUN
faba-273	237	19	https://doi.org/10.1111/beer.12038	https://doi.org/10.1111/beer.12038	X
faba-273	237	20	https://doi.org/10.3390/su16020606	https://doi.org/10.3390/su16020606	VERB
faba-273	237	21	babatunde	babatunde	PROPN
faba-273	237	22	lawrence	lawrence	PROPN
faba-273	237	23	,	,	PUNCT
faba-273	237	24	fabian	fabian	ADJ
faba-273	237	25	moodley/	moodley/	NUM
faba-273	237	26	finance	finance	NOUN
faba-273	237	27	,	,	PUNCT
faba-273	237	28	accounting	accounting	NOUN
faba-273	237	29	and	and	CCONJ
faba-273	237	30	business	business	NOUN
faba-273	237	31	analysis	analysis	NOUN
faba-273	237	32	,	,	PUNCT
faba-273	237	33	volume	volume	NOUN
faba-273	237	34	7	7	NUM
faba-273	237	35	,	,	PUNCT
faba-273	237	36	issue	issue	NOUN
faba-273	237	37	2	2	NUM
faba-273	237	38	,	,	PUNCT
faba-273	237	39	2025	2025	NUM
faba-273	237	40	206	206	NUM
faba-273	237	41	literature	literature	PROPN
faba-273	237	42	review	review	NOUN
faba-273	237	43	.	.	PUNCT
faba-273	238	1	journal	journal	NOUN
faba-273	238	2	of	of	ADP
faba-273	238	3	enterprising	enterprise	VERB
faba-273	238	4	communities	community	NOUN
faba-273	238	5	:	:	PUNCT
faba-273	238	6	people	people	NOUN
faba-273	238	7	and	and	CCONJ
faba-273	238	8	places	place	NOUN
faba-273	238	9	in	in	ADP
faba-273	238	10	the	the	DET
faba-273	238	11	global	global	ADJ
faba-273	238	12	economy	economy	NOUN
faba-273	238	13	,	,	PUNCT
faba-273	238	14	19(1	19(1	NUM
faba-273	238	15	):	):	PUNCT
faba-273	238	16	92110	92110	NUM
faba-273	238	17	.	.	PUNCT
faba-273	239	1	https://doi.org/10.1108/jec-10-2022-0147	https://doi.org/10.1108/jec-10-2022-0147	PROPN
faba-273	239	2	el	el	PROPN
faba-273	239	3	khoury	khoury	PROPN
faba-273	239	4	,	,	PUNCT
faba-273	239	5	r.	r.	PROPN
faba-273	239	6	,	,	PUNCT
faba-273	239	7	n.	n.	PROPN
faba-273	239	8	nasrallah	nasrallah	PROPN
faba-273	239	9	,	,	PUNCT
faba-273	239	10	and	and	CCONJ
faba-273	239	11	b.	b.	PROPN
faba-273	239	12	alareeni	alareeni	PROPN
faba-273	239	13	.	.	PUNCT
faba-273	240	1	2021	2021	NUM
faba-273	240	2	.	.	PUNCT
faba-273	241	1	esg	esg	NOUN
faba-273	241	2	and	and	CCONJ
faba-273	241	3	financial	financial	ADJ
faba-273	241	4	performance	performance	NOUN
faba-273	241	5	of	of	ADP
faba-273	241	6	banks	bank	NOUN
faba-273	241	7	in	in	ADP
faba-273	241	8	the	the	DET
faba-273	241	9	menat	menat	ADJ
faba-273	241	10	region	region	NOUN
faba-273	241	11	:	:	PUNCT
faba-273	241	12	concavity	concavity	NOUN
faba-273	241	13	–	–	PUNCT
faba-273	241	14	convexity	convexity	NOUN
faba-273	241	15	patterns	pattern	NOUN
faba-273	241	16	.	.	PUNCT
faba-273	242	1	journal	journal	NOUN
faba-273	242	2	of	of	ADP
faba-273	242	3	sustainable	sustainable	ADJ
faba-273	242	4	finance	finance	NOUN
faba-273	242	5	&	&	CCONJ
faba-273	242	6	investment	investment	NOUN
faba-273	242	7	,	,	PUNCT
faba-273	242	8	13(1	13(1	NUM
faba-273	242	9	):	):	PUNCT
faba-273	242	10	406	406	NUM
faba-273	242	11	–	–	SYM
faba-273	242	12	430	430	NUM
faba-273	242	13	.	.	PUNCT
faba-273	243	1	https://doi.org/10.1080/20430795.2021.1929807	https://doi.org/10.1080/20430795.2021.1929807	PROPN
faba-273	243	2	ersoy	ersoy	PROPN
faba-273	243	3	,	,	PUNCT
faba-273	243	4	e.	e.	PROPN
faba-273	243	5	,	,	PUNCT
faba-273	243	6	b.	b.	PROPN
faba-273	243	7	swiecka	swiecka	PROPN
faba-273	243	8	,	,	PUNCT
faba-273	243	9	s.	s.	PROPN
faba-273	243	10	grima	grima	PROPN
faba-273	243	11	,	,	PUNCT
faba-273	243	12	e.	e.	PROPN
faba-273	243	13	özen	özen	PROPN
faba-273	243	14	,	,	PUNCT
faba-273	243	15	and	and	CCONJ
faba-273	243	16	i.	i.	PROPN
faba-273	243	17	romanova	romanova	PROPN
faba-273	243	18	.	.	PUNCT
faba-273	244	1	2022	2022	NUM
faba-273	244	2	.	.	PUNCT
faba-273	245	1	the	the	DET
faba-273	245	2	impact	impact	NOUN
faba-273	245	3	of	of	ADP
faba-273	245	4	esg	esg	PROPN
faba-273	245	5	scores	score	NOUN
faba-273	245	6	on	on	ADP
faba-273	245	7	bank	bank	NOUN
faba-273	245	8	market	market	NOUN
faba-273	245	9	value	value	NOUN
faba-273	245	10	?	?	PUNCT
faba-273	246	1	evidence	evidence	NOUN
faba-273	246	2	from	from	ADP
faba-273	246	3	the	the	DET
faba-273	246	4	us	us	PROPN
faba-273	246	5	banking	banking	NOUN
faba-273	246	6	industry	industry	NOUN
faba-273	246	7	.	.	PUNCT
faba-273	247	1	sustainability	sustainability	NOUN
faba-273	247	2	,	,	PUNCT
faba-273	247	3	14(15	14(15	NUM
faba-273	247	4	):	):	PUNCT
faba-273	247	5	9527	9527	NUM
faba-273	247	6	.	.	PUNCT
faba-273	248	1	https://doi.org/10.3390/su14159527	https://doi.org/10.3390/su14159527	X
faba-273	248	2	folqué	folqué	NOUN
faba-273	248	3	,	,	PUNCT
faba-273	248	4	m.	m.	NOUN
faba-273	248	5	,	,	PUNCT
faba-273	248	6	e.	e.	PROPN
faba-273	248	7	escrig‐olmedo	escrig‐olmedo	PROPN
faba-273	248	8	,	,	PUNCT
faba-273	248	9	and	and	CCONJ
faba-273	248	10	t.	t.	PROPN
faba-273	248	11	corzo	corzo	NOUN
faba-273	248	12	santamaría	santamaría	VERB
faba-273	248	13	.	.	PUNCT
faba-273	249	1	2021	2021	NUM
faba-273	249	2	.	.	PUNCT
faba-273	250	1	sustainable	sustainable	ADJ
faba-273	250	2	development	development	NOUN
faba-273	250	3	and	and	CCONJ
faba-273	250	4	financial	financial	ADJ
faba-273	250	5	system	system	NOUN
faba-273	250	6	:	:	PUNCT
faba-273	250	7	integrating	integrate	VERB
faba-273	250	8	esg	esg	NOUN
faba-273	250	9	risks	risk	NOUN
faba-273	250	10	through	through	ADP
faba-273	250	11	sustainable	sustainable	ADJ
faba-273	250	12	investment	investment	NOUN
faba-273	250	13	strategies	strategy	NOUN
faba-273	250	14	in	in	ADP
faba-273	250	15	a	a	DET
faba-273	250	16	climate	climate	NOUN
faba-273	250	17	change	change	NOUN
faba-273	250	18	context	context	NOUN
faba-273	250	19	.	.	PUNCT
faba-273	251	1	sustainable	sustainable	ADJ
faba-273	251	2	development	development	NOUN
faba-273	251	3	,	,	PUNCT
faba-273	251	4	29(5	29(5	NUM
faba-273	251	5	):	):	PUNCT
faba-273	251	6	876	876	NUM
faba-273	251	7	-	-	SYM
faba-273	251	8	890	890	NUM
faba-273	251	9	.	.	PUNCT
faba-273	252	1	https://doi.org/10.1002/sd.2181	https://doi.org/10.1002/sd.2181	X
faba-273	252	2	fratianni	fratianni	PROPN
faba-273	252	3	,	,	PUNCT
faba-273	252	4	m.	m.	NOUN
faba-273	252	5	,	,	PUNCT
faba-273	252	6	and	and	CCONJ
faba-273	252	7	j.	j.	PROPN
faba-273	252	8	c.	c.	PROPN
faba-273	252	9	pattison	pattison	PROPN
faba-273	252	10	.	.	PUNCT
faba-273	253	1	2015	2015	NUM
faba-273	253	2	.	.	PUNCT
faba-273	254	1	basel	basel	PROPN
faba-273	254	2	iii	iii	PROPN
faba-273	254	3	in	in	ADP
faba-273	254	4	reality	reality	NOUN
faba-273	254	5	.	.	PUNCT
faba-273	255	1	journal	journal	NOUN
faba-273	255	2	of	of	ADP
faba-273	255	3	economic	economic	ADJ
faba-273	255	4	integration	integration	NOUN
faba-273	255	5	,	,	PUNCT
faba-273	255	6	1	1	NUM
faba-273	255	7	-	-	SYM
faba-273	255	8	28	28	NUM
faba-273	255	9	.	.	PUNCT
faba-273	256	1	lawrence	lawrence	PROPN
faba-273	256	2	,	,	PUNCT
faba-273	256	3	b.s	b.s	PROPN
faba-273	256	4	.	.	PROPN
faba-273	256	5	,	,	PUNCT
faba-273	256	6	and	and	CCONJ
faba-273	256	7	m.	m.	NOUN
faba-273	256	8	doorasamy	doorasamy	NOUN
faba-273	256	9	.	.	PUNCT
faba-273	256	10	2021	2021	NUM
faba-273	256	11	.	.	PUNCT
faba-273	257	1	climate	climate	NOUN
faba-273	257	2	change	change	NOUN
faba-273	257	3	risk	risk	NOUN
faba-273	257	4	and	and	CCONJ
faba-273	257	5	the	the	DET
faba-273	257	6	performance	performance	NOUN
faba-273	257	7	of	of	ADP
faba-273	257	8	south	south	ADJ
faba-273	257	9	african	african	ADJ
faba-273	257	10	banks	bank	NOUN
faba-273	257	11	.	.	PUNCT
faba-273	258	1	in	in	ADP
faba-273	258	2	handbook	handbook	NOUN
faba-273	258	3	of	of	ADP
faba-273	258	4	research	research	NOUN
faba-273	258	5	on	on	ADP
faba-273	258	6	climate	climate	NOUN
faba-273	258	7	change	change	NOUN
faba-273	258	8	and	and	CCONJ
faba-273	258	9	the	the	DET
faba-273	258	10	sustainable	sustainable	ADJ
faba-273	258	11	financial	financial	ADJ
faba-273	258	12	sector	sector	NOUN
faba-273	258	13	(	(	PUNCT
faba-273	258	14	pp	pp	ADJ
faba-273	258	15	.	.	PUNCT
faba-273	258	16	387	387	NUM
faba-273	258	17	-	-	SYM
faba-273	258	18	398	398	NUM
faba-273	258	19	)	)	PUNCT
faba-273	258	20	.	.	PUNCT
faba-273	259	1	igi	igi	PROPN
faba-273	259	2	global	global	PROPN
faba-273	259	3	.	.	PUNCT
faba-273	260	1	https://doi.org/10.4018/978-1-7998-7967-1.ch023	https://doi.org/10.4018/978-1-7998-7967-1.ch023	PROPN
faba-273	260	2	indrasuci	indrasuci	PROPN
faba-273	260	3	,	,	PUNCT
faba-273	260	4	a.w	a.w	PROPN
faba-273	260	5	.	.	PROPN
faba-273	260	6	,	,	PUNCT
faba-273	260	7	and	and	CCONJ
faba-273	260	8	r.	r.	PROPN
faba-273	260	9	rokhim	rokhim	NOUN
faba-273	260	10	.	.	PUNCT
faba-273	261	1	2023	2023	NUM
faba-273	261	2	.	.	PUNCT
faba-273	262	1	exploring	explore	VERB
faba-273	262	2	the	the	DET
faba-273	262	3	effects	effect	NOUN
faba-273	262	4	of	of	ADP
faba-273	262	5	environmental	environmental	ADJ
faba-273	262	6	,	,	PUNCT
faba-273	262	7	social	social	ADJ
faba-273	262	8	and	and	CCONJ
faba-273	262	9	governance	governance	NOUN
faba-273	262	10	(	(	PUNCT
faba-273	262	11	esg	esg	PROPN
faba-273	262	12	)	)	PUNCT
faba-273	262	13	on	on	ADP
faba-273	262	14	banking	banking	NOUN
faba-273	262	15	performance	performance	NOUN
faba-273	262	16	:	:	PUNCT
faba-273	262	17	a	a	DET
faba-273	262	18	case	case	NOUN
faba-273	262	19	study	study	NOUN
faba-273	262	20	of	of	ADP
faba-273	262	21	far	far	PROPN
faba-273	262	22	east	east	PROPN
faba-273	262	23	asia	asia	PROPN
faba-273	262	24	.	.	PUNCT
faba-273	263	1	indonesian	indonesian	PROPN
faba-273	263	2	journal	journal	PROPN
faba-273	263	3	of	of	ADP
faba-273	263	4	economics	economic	NOUN
faba-273	263	5	and	and	CCONJ
faba-273	263	6	management	management	NOUN
faba-273	263	7	,	,	PUNCT
faba-273	263	8	3(3	3(3	NUM
faba-273	263	9	):	):	PUNCT
faba-273	263	10	522	522	NUM
faba-273	263	11	-	-	SYM
faba-273	263	12	534	534	NUM
faba-273	263	13	.	.	PUNCT
faba-273	264	1	https://doi.org/10.35313/ijem.v3i3.4915	https://doi.org/10.35313/ijem.v3i3.4915	NOUN
faba-273	264	2	gelles	gelle	NOUN
faba-273	264	3	,	,	PUNCT
faba-273	264	4	d.	d.	NOUN
faba-273	264	5	2023	2023	NUM
faba-273	264	6	.	.	PUNCT
faba-273	265	1	how	how	SCONJ
faba-273	265	2	environmentally	environmentally	ADV
faba-273	265	3	conscious	conscious	ADJ
faba-273	265	4	investing	investing	NOUN
faba-273	265	5	became	become	VERB
faba-273	265	6	a	a	DET
faba-273	265	7	target	target	NOUN
faba-273	265	8	of	of	ADP
faba-273	265	9	conservatives	conservative	NOUN
faba-273	265	10	.	.	PUNCT
faba-273	266	1	the	the	DET
faba-273	266	2	new	new	PROPN
faba-273	266	3	york	york	PROPN
faba-273	266	4	times	times	PROPN
faba-273	266	5	.	.	PUNCT
faba-273	267	1	retrieved	retrieve	VERB
faba-273	267	2	,	,	PUNCT
faba-273	267	3	2	2	NUM
faba-273	267	4	,	,	PUNCT
faba-273	267	5	408	408	NUM
faba-273	267	6	.	.	PUNCT
faba-273	268	1	he	he	PRON
faba-273	268	2	,	,	PUNCT
faba-273	268	3	f.	f.	PROPN
faba-273	268	4	,	,	PUNCT
faba-273	268	5	x.	x.	PROPN
faba-273	268	6	guo	guo	PROPN
faba-273	268	7	,	,	PUNCT
faba-273	268	8	and	and	CCONJ
faba-273	268	9	p.	p.	PROPN
faba-273	268	10	yue	yue	PROPN
faba-273	268	11	.	.	PROPN
faba-273	268	12	2024	2024	NUM
faba-273	268	13	.	.	PUNCT
faba-273	268	14	media	medium	NOUN
faba-273	268	15	coverage	coverage	NOUN
faba-273	268	16	and	and	CCONJ
faba-273	268	17	corporate	corporate	ADJ
faba-273	268	18	esg	esg	NOUN
faba-273	268	19	performance	performance	NOUN
faba-273	268	20	:	:	PUNCT
faba-273	268	21	evidence	evidence	NOUN
faba-273	268	22	from	from	ADP
faba-273	268	23	china	china	PROPN
faba-273	268	24	.	.	PUNCT
faba-273	269	1	international	international	ADJ
faba-273	269	2	review	review	NOUN
faba-273	269	3	of	of	ADP
faba-273	269	4	financial	financial	ADJ
faba-273	269	5	analysis	analysis	NOUN
faba-273	269	6	,	,	PUNCT
faba-273	269	7	91	91	NUM
faba-273	269	8	:	:	PUNCT
faba-273	269	9	p.103003	p.103003	NOUN
faba-273	269	10	.	.	PUNCT
faba-273	270	1	https://doi.org/10.1016/j.irfa.2023.103003	https://doi.org/10.1016/j.irfa.2023.103003	ADJ
faba-273	270	2	jaiwani	jaiwani	NOUN
faba-273	270	3	,	,	PUNCT
faba-273	270	4	m.	m.	NOUN
faba-273	270	5	,	,	PUNCT
faba-273	270	6	and	and	CCONJ
faba-273	270	7	s.	s.	PROPN
faba-273	270	8	gopalkrishnan	gopalkrishnan	PROPN
faba-273	270	9	.	.	PUNCT
faba-273	271	1	2025	2025	NUM
faba-273	271	2	.	.	PUNCT
faba-273	272	1	do	do	AUX
faba-273	272	2	private	private	ADJ
faba-273	272	3	and	and	CCONJ
faba-273	272	4	public	public	ADJ
faba-273	272	5	sector	sector	NOUN
faba-273	272	6	banks	bank	NOUN
faba-273	272	7	respond	respond	VERB
faba-273	272	8	to	to	ADP
faba-273	272	9	esg	esg	PROPN
faba-273	272	10	in	in	ADP
faba-273	272	11	the	the	DET
faba-273	272	12	same	same	ADJ
faba-273	272	13	way	way	NOUN
faba-273	272	14	?	?	PUNCT
faba-273	273	1	some	some	DET
faba-273	273	2	evidences	evidence	NOUN
faba-273	273	3	from	from	ADP
faba-273	273	4	india	india	PROPN
faba-273	273	5	.	.	PUNCT
faba-273	274	1	benchmarking	benchmarke	VERB
faba-273	274	2	:	:	PUNCT
faba-273	274	3	an	an	DET
faba-273	274	4	international	international	ADJ
faba-273	274	5	journal	journal	NOUN
faba-273	274	6	,	,	PUNCT
faba-273	274	7	32(1	32(1	NUM
faba-273	274	8	):	):	PUNCT
faba-273	274	9	194221	194221	NUM
faba-273	274	10	.	.	PUNCT
faba-273	275	1	https://doi.org/10.1108/bij-05-2023-0340	https://doi.org/10.1108/bij-05-2023-0340	NOUN
faba-273	275	2	lamanda	lamanda	X
faba-273	275	3	,	,	PUNCT
faba-273	275	4	g.	g.	PROPN
faba-273	275	5	,	,	PUNCT
faba-273	275	6	and	and	CCONJ
faba-273	275	7	z.	z.	PROPN
faba-273	275	8	tamásné	tamásné	PROPN
faba-273	275	9	vőneki	vőneki	PROPN
faba-273	275	10	.	.	PUNCT
faba-273	276	1	2024	2024	NUM
faba-273	276	2	.	.	PUNCT
faba-273	277	1	is	be	AUX
faba-273	277	2	esg	esg	PROPN
faba-273	277	3	disclosure	disclosure	NOUN
faba-273	277	4	associated	associate	VERB
faba-273	277	5	with	with	ADP
faba-273	277	6	bank	bank	NOUN
faba-273	277	7	performance	performance	NOUN
faba-273	277	8	?	?	PUNCT
faba-273	278	1	evidence	evidence	NOUN
faba-273	278	2	from	from	ADP
faba-273	278	3	the	the	DET
faba-273	278	4	visegrad	visegrad	NOUN
faba-273	278	5	four	four	NUM
faba-273	278	6	countries	country	NOUN
faba-273	278	7	.	.	PUNCT
faba-273	279	1	management	management	NOUN
faba-273	279	2	of	of	ADP
faba-273	279	3	environmental	environmental	ADJ
faba-273	279	4	quality	quality	NOUN
faba-273	279	5	:	:	PUNCT
faba-273	279	6	an	an	DET
faba-273	279	7	international	international	ADJ
faba-273	279	8	journal	journal	NOUN
faba-273	279	9	,	,	PUNCT
faba-273	279	10	35(1	35(1	NUM
faba-273	279	11	):	):	PUNCT
faba-273	279	12	201	201	NUM
faba-273	279	13	-	-	SYM
faba-273	279	14	219	219	NUM
faba-273	279	15	.	.	PUNCT
faba-273	280	1	https://doi.org/10.1108/meq-02-2023-0064	https://doi.org/10.1108/meq-02-2023-0064	NOUN
faba-273	280	2	martiny	martiny	ADJ
faba-273	280	3	,	,	PUNCT
faba-273	280	4	a.	a.	PROPN
faba-273	280	5	,	,	PUNCT
faba-273	280	6	j.	j.	PROPN
faba-273	280	7	taglialatela	taglialatela	PROPN
faba-273	280	8	,	,	PUNCT
faba-273	280	9	f.	f.	PROPN
faba-273	280	10	testa	testa	PROPN
faba-273	280	11	,	,	PUNCT
faba-273	280	12	and	and	CCONJ
faba-273	280	13	f.	f.	PROPN
faba-273	280	14	iraldo	iraldo	PROPN
faba-273	280	15	.	.	PUNCT
faba-273	281	1	2024	2024	NUM
faba-273	281	2	.	.	PUNCT
faba-273	282	1	determinants	determinant	NOUN
faba-273	282	2	of	of	ADP
faba-273	282	3	environmental	environmental	ADJ
faba-273	282	4	social	social	ADJ
faba-273	282	5	and	and	CCONJ
faba-273	282	6	governance	governance	NOUN
faba-273	282	7	(	(	PUNCT
faba-273	282	8	esg	esg	NOUN
faba-273	282	9	)	)	PUNCT
faba-273	282	10	performance	performance	NOUN
faba-273	282	11	:	:	PUNCT
faba-273	282	12	a	a	DET
faba-273	282	13	systematic	systematic	ADJ
faba-273	282	14	literature	literature	PROPN
faba-273	282	15	review	review	PROPN
faba-273	282	16	.	.	PUNCT
faba-273	283	1	journal	journal	PROPN
faba-273	283	2	of	of	ADP
faba-273	283	3	cleaner	clean	ADJ
faba-273	283	4	production	production	NOUN
faba-273	283	5	,	,	PUNCT
faba-273	283	6	456	456	NUM
faba-273	283	7	,	,	PUNCT
faba-273	283	8	p.142213	p.142213	NOUN
faba-273	283	9	.	.	PUNCT
faba-273	284	1	https://doi.org/10.1016/j.jclepro.2024.142213	https://doi.org/10.1016/j.jclepro.2024.142213	PROPN
faba-273	284	2	menicucci	menicucci	PROPN
faba-273	284	3	,	,	PUNCT
faba-273	284	4	e.	e.	PROPN
faba-273	284	5	,	,	PUNCT
faba-273	284	6	and	and	CCONJ
faba-273	284	7	g.	g.	PROPN
faba-273	284	8	paolucci	paolucci	PROPN
faba-273	284	9	.	.	PUNCT
faba-273	285	1	2023	2023	NUM
faba-273	285	2	.	.	PUNCT
faba-273	286	1	esg	esg	NOUN
faba-273	286	2	dimensions	dimension	NOUN
faba-273	286	3	and	and	CCONJ
faba-273	286	4	bank	bank	NOUN
faba-273	286	5	performance	performance	NOUN
faba-273	286	6	:	:	PUNCT
faba-273	286	7	an	an	DET
faba-273	286	8	empirical	empirical	ADJ
faba-273	286	9	investigation	investigation	NOUN
faba-273	286	10	in	in	ADP
faba-273	286	11	italy	italy	PROPN
faba-273	286	12	.	.	PUNCT
faba-273	287	1	corporate	corporate	ADJ
faba-273	287	2	governance	governance	NOUN
faba-273	287	3	:	:	PUNCT
faba-273	287	4	the	the	DET
faba-273	287	5	international	international	ADJ
faba-273	287	6	journal	journal	NOUN
faba-273	287	7	of	of	ADP
faba-273	287	8	business	business	NOUN
faba-273	287	9	in	in	ADP
faba-273	287	10	society	society	NOUN
faba-273	287	11	,	,	PUNCT
faba-273	287	12	23(3	23(3	NUM
faba-273	287	13	):	):	PUNCT
faba-273	287	14	563	563	NUM
faba-273	287	15	-	-	SYM
faba-273	287	16	586	586	NUM
faba-273	287	17	.	.	NUM
faba-273	288	1	https://doi.org/10.1108/cg-03-2022-0094	https://doi.org/10.1108/cg-03-2022-0094	PROPN
faba-273	288	2	minkkinen	minkkinen	PROPN
faba-273	288	3	,	,	PUNCT
faba-273	288	4	m.	m.	NOUN
faba-273	288	5	,	,	PUNCT
faba-273	288	6	a.	a.	NOUN
faba-273	288	7	niukkanen	niukkanen	PROPN
faba-273	288	8	,	,	PUNCT
faba-273	288	9	and	and	CCONJ
faba-273	288	10	m.	m.	NOUN
faba-273	288	11	mäntymäki	mäntymäki	PROPN
faba-273	288	12	2024	2024	NUM
faba-273	288	13	.	.	PUNCT
faba-273	289	1	what	what	PRON
faba-273	289	2	about	about	ADP
faba-273	289	3	investors	investor	NOUN
faba-273	289	4	?	?	PUNCT
faba-273	290	1	esg	esg	NOUN
faba-273	290	2	analyses	analyse	VERB
faba-273	290	3	as	as	ADP
faba-273	290	4	tools	tool	NOUN
faba-273	290	5	for	for	ADP
faba-273	290	6	ethics	ethic	NOUN
faba-273	290	7	-	-	PUNCT
faba-273	290	8	based	base	VERB
faba-273	290	9	ai	ai	PROPN
faba-273	290	10	auditing	audit	VERB
faba-273	290	11	.	.	PUNCT
faba-273	291	1	ai	ai	PROPN
faba-273	291	2	&	&	CCONJ
faba-273	291	3	society	society	NOUN
faba-273	291	4	,	,	PUNCT
faba-273	291	5	39(1	39(1	NUM
faba-273	291	6	):	):	PUNCT
faba-273	291	7	329	329	NUM
faba-273	291	8	-	-	SYM
faba-273	291	9	343	343	NUM
faba-273	291	10	.	.	PUNCT
faba-273	291	11	https://doi.org/10.1007/s00146-022-01415-0	https://doi.org/10.1007/s00146-022-01415-0	NUM
faba-273	292	1	miralles‐quirós	miralles‐quirós	PROPN
faba-273	292	2	,	,	PUNCT
faba-273	292	3	m.m	m.m	PROPN
faba-273	292	4	.	.	PROPN
faba-273	292	5	,	,	PUNCT
faba-273	292	6	j.	j.	PROPN
faba-273	292	7	l.	l.	PROPN
faba-273	292	8	miralles‐quirós	miralles‐quirós	PROPN
faba-273	292	9	,	,	PUNCT
faba-273	292	10	and	and	CCONJ
faba-273	292	11	j.	j.	PROPN
faba-273	292	12	redondo‐hernández	redondo‐hernández	PROPN
faba-273	292	13	.	.	PUNCT
faba-273	293	1	2019	2019	NUM
faba-273	293	2	.	.	PUNCT
faba-273	294	1	the	the	DET
faba-273	294	2	impact	impact	NOUN
faba-273	294	3	of	of	ADP
faba-273	294	4	environmental	environmental	ADJ
faba-273	294	5	,	,	PUNCT
faba-273	294	6	social	social	ADJ
faba-273	294	7	,	,	PUNCT
faba-273	294	8	and	and	CCONJ
faba-273	294	9	governance	governance	NOUN
faba-273	294	10	performance	performance	NOUN
faba-273	294	11	on	on	ADP
faba-273	294	12	stock	stock	NOUN
faba-273	294	13	prices	price	NOUN
faba-273	294	14	:	:	PUNCT
faba-273	294	15	evidence	evidence	NOUN
faba-273	294	16	from	from	ADP
faba-273	294	17	the	the	DET
faba-273	294	18	banking	banking	NOUN
faba-273	294	19	industry	industry	NOUN
faba-273	294	20	.	.	PUNCT
faba-273	295	1	corporate	corporate	ADJ
faba-273	295	2	social	social	ADJ
faba-273	295	3	responsibility	responsibility	NOUN
faba-273	295	4	and	and	CCONJ
faba-273	295	5	environmental	environmental	ADJ
faba-273	295	6	management	management	NOUN
faba-273	295	7	,	,	PUNCT
faba-273	295	8	26(6	26(6	NUM
faba-273	295	9	):	):	PUNCT
faba-273	295	10	1446	1446	NUM
faba-273	295	11	-	-	SYM
faba-273	295	12	1456	1456	NUM
faba-273	295	13	.	.	PUNCT
faba-273	296	1	https://doi.org/10.1002/csr.1759	https://doi.org/10.1002/csr.1759	PROPN
faba-273	296	2	mofokeng	mofokeng	PROPN
faba-273	296	3	,	,	PUNCT
faba-273	296	4	t.	t.	PROPN
faba-273	296	5	,	,	PUNCT
faba-273	296	6	and	and	CCONJ
faba-273	296	7	f.	f.	PROPN
faba-273	296	8	moodley	moodley	PROPN
faba-273	296	9	.	.	PUNCT
faba-273	297	1	2025	2025	NUM
faba-273	297	2	.	.	PUNCT
faba-273	298	1	the	the	DET
faba-273	298	2	effects	effect	NOUN
faba-273	298	3	of	of	ADP
faba-273	298	4	changing	change	VERB
faba-273	298	5	macroeconomic	macroeconomic	ADJ
faba-273	298	6	conditions	condition	NOUN
faba-273	298	7	on	on	ADP
faba-273	298	8	the	the	DET
faba-273	298	9	commercial	commercial	ADJ
faba-273	298	10	bank	bank	NOUN
faba-273	298	11	returns	return	NOUN
faba-273	298	12	in	in	ADP
faba-273	298	13	south	south	PROPN
faba-273	298	14	africa	africa	PROPN
faba-273	298	15	.	.	PUNCT
faba-273	299	1	international	international	ADJ
faba-273	299	2	journal	journal	PROPN
faba-273	299	3	of	of	ADP
faba-273	299	4	economics	economic	NOUN
faba-273	299	5	and	and	CCONJ
faba-273	299	6	financial	financial	ADJ
faba-273	299	7	issues	issue	NOUN
faba-273	299	8	,	,	PUNCT
faba-273	299	9	15(2	15(2	NUM
faba-273	299	10	):	):	PUNCT
faba-273	299	11	76	76	NUM
faba-273	299	12	-	-	SYM
faba-273	299	13	90	90	NUM
faba-273	299	14	.	.	PUNCT
faba-273	300	1	https://doi.org/10.32479/ijefi.17754	https://doi.org/10.32479/ijefi.17754	ADJ
faba-273	300	2	moodley	moodley	NOUN
faba-273	300	3	,	,	PUNCT
faba-273	300	4	f.	f.	PROPN
faba-273	300	5	,	,	PUNCT
faba-273	300	6	b.	b.	PROPN
faba-273	300	7	lawrence	lawrence	PROPN
faba-273	300	8	,	,	PUNCT
faba-273	300	9	and	and	CCONJ
faba-273	300	10	s.	s.	PROPN
faba-273	300	11	pillay	pillay	PROPN
faba-273	300	12	.	.	PROPN
faba-273	300	13	2024	2024	NUM
faba-273	300	14	.	.	PUNCT
faba-273	301	1	the	the	DET
faba-273	301	2	relationship	relationship	NOUN
faba-273	301	3	between	between	ADP
faba-273	301	4	macroeconomic	macroeconomic	ADJ
faba-273	301	5	variables	variable	NOUN
faba-273	301	6	and	and	CCONJ
faba-273	301	7	south	south	ADJ
faba-273	301	8	african	african	ADJ
faba-273	301	9	commercial	commercial	ADJ
faba-273	301	10	bank	bank	NOUN
faba-273	301	11	performance	performance	NOUN
faba-273	301	12	.	.	PUNCT
faba-273	302	1	finance	finance	NOUN
faba-273	302	2	,	,	PUNCT
faba-273	302	3	accounting	accounting	NOUN
faba-273	302	4	and	and	CCONJ
faba-273	302	5	business	business	NOUN
faba-273	302	6	analysis	analysis	NOUN
faba-273	302	7	(	(	PUNCT
faba-273	302	8	faba	faba	NOUN
faba-273	302	9	)	)	PUNCT
faba-273	302	10	,	,	PUNCT
faba-273	302	11	6(2	6(2	NUM
faba-273	302	12	):	):	PUNCT
faba-273	302	13	109	109	NUM
faba-273	302	14	-	-	SYM
faba-273	302	15	119	119	NUM
faba-273	302	16	.	.	PUNCT
faba-273	303	1	https://doi.org/10.37075/faba.2024.2.02	https://doi.org/10.37075/faba.2024.2.02	PROPN
faba-273	303	2	muthike	muthike	NOUN
faba-273	303	3	,	,	PUNCT
faba-273	303	4	s.	s.	PROPN
faba-273	303	5	w.	w.	PROPN
faba-273	303	6	,	,	PUNCT
faba-273	303	7	and	and	CCONJ
faba-273	303	8	m.	m.	NOUN
faba-273	303	9	m.	m.	PROPN
faba-273	303	10	sakwa	sakwa	PROPN
faba-273	303	11	.	.	PROPN
faba-273	303	12	2012	2012	NUM
faba-273	303	13	.	.	PUNCT
faba-273	304	1	can	can	AUX
faba-273	304	2	macroeconomic	macroeconomic	ADJ
faba-273	304	3	indicators	indicator	NOUN
faba-273	304	4	be	be	AUX
faba-273	304	5	used	use	VERB
faba-273	304	6	as	as	ADP
faba-273	304	7	predictors	predictor	NOUN
faba-273	304	8	of	of	ADP
faba-273	304	9	the	the	DET
faba-273	304	10	stock	stock	NOUN
faba-273	304	11	exchange	exchange	NOUN
faba-273	304	12	index	index	NOUN
faba-273	304	13	trends	trend	NOUN
faba-273	304	14	?	?	PUNCT
faba-273	305	1	a	a	DET
faba-273	305	2	look	look	NOUN
faba-273	305	3	at	at	ADP
faba-273	305	4	the	the	DET
faba-273	305	5	nairobi	nairobi	PROPN
faba-273	305	6	stock	stock	PROPN
faba-273	305	7	exchange	exchange	PROPN
faba-273	305	8	.	.	PUNCT
faba-273	306	1	in	in	ADP
faba-273	306	2	scientific	scientific	ADJ
faba-273	306	3	conference	conference	NOUN
faba-273	306	4	proceedings	proceeding	NOUN
faba-273	306	5	.	.	PUNCT
faba-273	307	1	retrieved	retrieve	VERB
faba-273	307	2	from	from	ADP
faba-273	307	3	http://elearning.jkuat.ac.ke/journals/ojs/index.php/jscp/article/view/731	http://elearning.jkuat.ac.ke/journals/ojs/index.php/jscp/article/view/731	PROPN
faba-273	307	4	nagaraju	nagaraju	PROPN
faba-273	307	5	,	,	PUNCT
faba-273	307	6	y.	y.	NOUN
faba-273	307	7	,	,	PUNCT
faba-273	307	8	and	and	CCONJ
faba-273	307	9	k.	k.	PROPN
faba-273	307	10	boateng	boateng	PROPN
faba-273	307	11	.	.	PUNCT
faba-273	308	1	2018	2018	NUM
faba-273	308	2	.	.	PUNCT
faba-273	309	1	profitability	profitability	NOUN
faba-273	309	2	determinants	determinant	NOUN
faba-273	309	3	of	of	ADP
faba-273	309	4	savings	saving	NOUN
faba-273	309	5	and	and	CCONJ
faba-273	309	6	loans	loan	NOUN
faba-273	309	7	companies	company	NOUN
faba-273	309	8	in	in	ADP
faba-273	309	9	ghana	ghana	PROPN
faba-273	309	10	:	:	PUNCT
faba-273	309	11	evidence	evidence	NOUN
faba-273	309	12	on	on	ADP
faba-273	309	13	bank	bank	NOUN
faba-273	309	14	specific	specific	ADJ
faba-273	309	15	and	and	CCONJ
faba-273	309	16	macroeconomic	macroeconomic	ADJ
faba-273	309	17	determinants	determinant	NOUN
faba-273	309	18	.	.	PUNCT
faba-273	310	1	international	international	ADJ
faba-273	310	2	journal	journal	PROPN
faba-273	310	3	of	of	ADP
faba-273	310	4	management	management	NOUN
faba-273	310	5	studies	study	NOUN
faba-273	310	6	,	,	PUNCT
faba-273	310	7	2(2	2(2	NUM
faba-273	310	8	):	):	PUNCT
faba-273	310	9	51	51	NUM
faba-273	310	10	-	-	SYM
faba-273	310	11	60	60	NUM
faba-273	310	12	.	.	PUNCT
faba-273	311	1	http://dx.doi.org/10.18843/ijms/v5i2(2)/08	http://dx.doi.org/10.18843/ijms/v5i2(2)/08	NOUN
faba-273	311	2	ngwenya	ngwenya	PROPN
faba-273	311	3	,	,	PUNCT
faba-273	311	4	b.	b.	PROPN
faba-273	311	5	,	,	PUNCT
faba-273	311	6	2022	2022	NUM
faba-273	311	7	.	.	PUNCT
faba-273	312	1	environmental	environmental	ADJ
faba-273	312	2	,	,	PUNCT
faba-273	312	3	social	social	ADJ
faba-273	312	4	,	,	PUNCT
faba-273	312	5	governance	governance	NOUN
faba-273	312	6	(	(	PUNCT
faba-273	312	7	esg	esg	PROPN
faba-273	312	8	)	)	PUNCT
faba-273	312	9	and	and	CCONJ
faba-273	312	10	the	the	DET
faba-273	312	11	performance	performance	NOUN
faba-273	312	12	of	of	ADP
faba-273	312	13	banks	bank	NOUN
faba-273	312	14	in	in	ADP
faba-273	312	15	south	south	PROPN
faba-273	312	16	africa	africa	PROPN
faba-273	312	17	.	.	PUNCT
faba-273	313	1	master	master	PROPN
faba-273	313	2	's	's	PART
faba-273	313	3	thesis	thesis	NOUN
faba-273	313	4	,	,	PUNCT
faba-273	313	5	university	university	NOUN
faba-273	313	6	of	of	ADP
faba-273	313	7	pretoria	pretoria	PROPN
faba-273	313	8	,	,	PUNCT
faba-273	313	9	south	south	PROPN
faba-273	313	10	africa	africa	PROPN
faba-273	313	11	.	.	PUNCT
faba-273	314	1	nurazi	nurazi	PROPN
faba-273	314	2	,	,	PUNCT
faba-273	314	3	r.	r.	PROPN
faba-273	314	4	,	,	PUNCT
faba-273	314	5	and	and	CCONJ
faba-273	314	6	b.	b.	PROPN
faba-273	314	7	usman	usman	PROPN
faba-273	314	8	.	.	PROPN
faba-273	314	9	2016	2016	NUM
faba-273	314	10	.	.	PUNCT
faba-273	315	1	bank	bank	NOUN
faba-273	315	2	stock	stock	NOUN
faba-273	315	3	returns	return	NOUN
faba-273	315	4	in	in	ADP
faba-273	315	5	responding	respond	VERB
faba-273	315	6	the	the	DET
faba-273	315	7	contribution	contribution	NOUN
faba-273	315	8	of	of	ADP
faba-273	315	9	fundamental	fundamental	ADJ
faba-273	315	10	and	and	CCONJ
faba-273	315	11	macroeconomic	macroeconomic	ADJ
faba-273	315	12	effects	effect	NOUN
faba-273	315	13	.	.	PUNCT
faba-273	316	1	journal	journal	NOUN
faba-273	316	2	of	of	ADP
faba-273	316	3	economics	economic	NOUN
faba-273	316	4	and	and	CCONJ
faba-273	316	5	policy	policy	NOUN
faba-273	316	6	,	,	PUNCT
faba-273	316	7	9(1	9(1	NUM
faba-273	316	8	):	):	PUNCT
faba-273	316	9	134	134	NUM
faba-273	316	10	-	-	SYM
faba-273	316	11	149	149	NUM
faba-273	316	12	.	.	PUNCT
faba-273	317	1	okech	okech	PROPN
faba-273	317	2	,	,	PUNCT
faba-273	317	3	t.	t.	PROPN
faba-273	317	4	c.	c.	PROPN
faba-273	317	5	,	,	PUNCT
faba-273	317	6	and	and	CCONJ
faba-273	317	7	m.	m.	PROPN
faba-273	317	8	mugambi	mugambi	PROPN
faba-273	317	9	.	.	PUNCT
faba-273	318	1	2016	2016	NUM
faba-273	318	2	.	.	PUNCT
faba-273	319	1	effect	effect	NOUN
faba-273	319	2	of	of	ADP
faba-273	319	3	macroeconomic	macroeconomic	ADJ
faba-273	319	4	variables	variable	NOUN
faba-273	319	5	on	on	ADP
faba-273	319	6	stock	stock	NOUN
faba-273	319	7	returns	return	NOUN
faba-273	319	8	of	of	ADP
faba-273	319	9	listed	list	VERB
faba-273	319	10	commercial	commercial	ADJ
faba-273	319	11	banks	bank	NOUN
faba-273	319	12	in	in	ADP
faba-273	319	13	kenya	kenya	PROPN
faba-273	319	14	.	.	PUNCT
faba-273	320	1	xulu	xulu	PROPN
faba-273	320	2	,	,	PUNCT
faba-273	320	3	s.	s.	PROPN
faba-273	320	4	s.	s.	PROPN
faba-273	320	5	2022	2022	NUM
faba-273	320	6	.	.	PUNCT
faba-273	321	1	assessing	assess	VERB
faba-273	321	2	south	south	ADJ
faba-273	321	3	african	african	ADJ
faba-273	321	4	banks	bank	NOUN
faba-273	321	5	’	'	PUNCT
faba-273	321	6	performance	performance	NOUN
faba-273	321	7	on	on	ADP
faba-273	321	8	the	the	DET
faba-273	321	9	integration	integration	NOUN
faba-273	321	10	of	of	ADP
faba-273	322	1	environmental	environmental	ADJ
faba-273	322	2	,	,	PUNCT
faba-273	322	3	social	social	ADJ
faba-273	322	4	,	,	PUNCT
faba-273	322	5	https://doi.org/10.1108/jec-10-2022-0147	https://doi.org/10.1108/jec-10-2022-0147	NOUN
faba-273	322	6	https://doi.org/10.1080/20430795.2021.1929807	https://doi.org/10.1080/20430795.2021.1929807	NOUN
faba-273	322	7	https://doi.org/10.3390/su14159527	https://doi.org/10.3390/su14159527	X
faba-273	323	1	https://doi.org/10.1002/sd.2181	https://doi.org/10.1002/sd.2181	X
faba-273	323	2	https://doi.org/10.4018/978-1-7998-7967-1.ch023	https://doi.org/10.4018/978-1-7998-7967-1.ch023	PROPN
faba-273	323	3	https://doi.org/10.1016/j.irfa.2023.103003	https://doi.org/10.1016/j.irfa.2023.103003	ADJ
faba-273	323	4	https://doi.org/10.1108/bij-05-2023-0340	https://doi.org/10.1108/bij-05-2023-0340	PROPN
faba-273	323	5	https://doi.org/10.1108/meq-02-2023-0064	https://doi.org/10.1108/meq-02-2023-0064	PROPN
faba-273	323	6	https://doi.org/10.1016/j.jclepro.2024.142213	https://doi.org/10.1016/j.jclepro.2024.142213	PROPN
faba-273	323	7	https://doi.org/10.1108/cg-03-2022-0094	https://doi.org/10.1108/cg-03-2022-0094	VERB
faba-273	323	8	https://doi.org/10.1007/s00146-022-01415-0	https://doi.org/10.1007/s00146-022-01415-0	NUM
faba-273	324	1	https://doi.org/10.1002/csr.1759	https://doi.org/10.1002/csr.1759	ADV
faba-273	324	2	https://doi.org/10.32479/ijefi.17754	https://doi.org/10.32479/ijefi.17754	ADJ
faba-273	324	3	https://doi.org/10.37075/faba.2024.2.02	https://doi.org/10.37075/faba.2024.2.02	PROPN
faba-273	324	4	http://elearning.jkuat.ac.ke/journals/ojs/index.php/jscp/article/view/731	http://elearning.jkuat.ac.ke/journals/ojs/index.php/jscp/article/view/731	NOUN
faba-273	324	5	http://dx.doi.org/10.18843/ijms/v5i2(2)/08	http://dx.doi.org/10.18843/ijms/v5i2(2)/08	PROPN
faba-273	324	6	babatunde	babatunde	PROPN
faba-273	324	7	lawrence	lawrence	PROPN
faba-273	324	8	,	,	PUNCT
faba-273	324	9	fabian	fabian	ADJ
faba-273	324	10	moodley/	moodley/	NUM
faba-273	324	11	finance	finance	NOUN
faba-273	324	12	,	,	PUNCT
faba-273	324	13	accounting	accounting	NOUN
faba-273	324	14	and	and	CCONJ
faba-273	324	15	business	business	NOUN
faba-273	324	16	analysis	analysis	NOUN
faba-273	324	17	,	,	PUNCT
faba-273	324	18	volume	volume	NOUN
faba-273	324	19	7	7	NUM
faba-273	324	20	,	,	PUNCT
faba-273	324	21	issue	issue	NOUN
faba-273	324	22	2	2	NUM
faba-273	324	23	,	,	PUNCT
faba-273	324	24	2025	2025	NUM
faba-273	324	25	207	207	NUM
faba-273	324	26	and	and	CCONJ
faba-273	324	27	governance	governance	NOUN
faba-273	324	28	(	(	PUNCT
faba-273	324	29	esg	esg	NOUN
faba-273	324	30	)	)	PUNCT
faba-273	324	31	considerations	consideration	NOUN
faba-273	324	32	in	in	ADP
faba-273	324	33	their	their	PRON
faba-273	324	34	corporate	corporate	ADJ
faba-273	324	35	strategies	strategy	NOUN
faba-273	324	36	and	and	CCONJ
faba-273	324	37	decision	decision	NOUN
faba-273	324	38	-	-	PUNCT
faba-273	324	39	making	make	VERB
faba-273	324	40	process	process	NOUN
faba-273	324	41	.	.	PUNCT
faba-273	325	1	master	master	NOUN
faba-273	325	2	’s	’s	PART
faba-273	325	3	thesis	thesis	NOUN
faba-273	325	4	,	,	PUNCT
faba-273	325	5	university	university	PROPN
faba-273	325	6	of	of	ADP
faba-273	325	7	johannesburg	johannesburg	PROPN
faba-273	325	8	,	,	PUNCT
faba-273	325	9	south	south	PROPN
faba-273	325	10	africa	africa	PROPN
faba-273	325	11	.	.	PUNCT
faba-273	326	1	yuen	yuen	PROPN
faba-273	326	2	,	,	PUNCT
faba-273	326	3	m.k	m.k	PROPN
faba-273	326	4	.	.	PROPN
faba-273	326	5	,	,	PUNCT
faba-273	326	6	t.	t.	PROPN
faba-273	326	7	ngo	ngo	PROPN
faba-273	326	8	,	,	PUNCT
faba-273	326	9	t.	t.	PROPN
faba-273	326	10	d.	d.	PROPN
faba-273	326	11	le	le	PROPN
faba-273	326	12	,	,	PUNCT
faba-273	326	13	and	and	CCONJ
faba-273	326	14	t.	t.	PROPN
faba-273	326	15	h.	h.	PROPN
faba-273	326	16	ho	ho	PROPN
faba-273	326	17	.	.	PROPN
faba-273	326	18	2022	2022	NUM
faba-273	326	19	.	.	PUNCT
faba-273	327	1	the	the	DET
faba-273	327	2	environment	environment	NOUN
faba-273	327	3	,	,	PUNCT
faba-273	327	4	social	social	ADJ
faba-273	327	5	and	and	CCONJ
faba-273	327	6	governance	governance	NOUN
faba-273	327	7	(	(	PUNCT
faba-273	327	8	esg	esg	NOUN
faba-273	327	9	)	)	PUNCT
faba-273	327	10	activities	activity	NOUN
faba-273	327	11	and	and	CCONJ
faba-273	327	12	profitability	profitability	NOUN
faba-273	327	13	under	under	ADP
faba-273	327	14	covid-19	covid-19	PROPN
faba-273	327	15	:	:	PUNCT
faba-273	327	16	evidence	evidence	NOUN
faba-273	327	17	from	from	ADP
faba-273	327	18	the	the	DET
faba-273	327	19	global	global	ADJ
faba-273	327	20	banking	banking	NOUN
faba-273	327	21	sector	sector	NOUN
faba-273	327	22	.	.	PUNCT
faba-273	328	1	journal	journal	PROPN
faba-273	328	2	of	of	ADP
faba-273	328	3	economics	economic	NOUN
faba-273	328	4	and	and	CCONJ
faba-273	328	5	development	development	NOUN
faba-273	328	6	,	,	PUNCT
faba-273	328	7	24(4	24(4	NUM
faba-273	328	8	):	):	PUNCT
faba-273	328	9	345	345	NUM
faba-273	328	10	-	-	SYM
faba-273	328	11	364	364	NUM
faba-273	328	12	.	.	PUNCT
faba-273	329	1	https://doi.org/10.1108/jed-08-2022-0136	https://doi.org/10.1108/jed-08-2022-0136	NOUN
faba-273	329	2	https://doi.org/10.1108/jed-08-2022-0136	https://doi.org/10.1108/jed-08-2022-0136	NOUN