id	sid	tid	token	lemma	pos
faba-278	1	1	283	283	NUM
faba-278	1	2	finance	finance	NOUN
faba-278	1	3	,	,	PUNCT
faba-278	1	4	accounting	accounting	NOUN
faba-278	1	5	and	and	CCONJ
faba-278	1	6	business	business	NOUN
faba-278	1	7	analysis	analysis	NOUN
faba-278	1	8	volume	volume	NOUN
faba-278	1	9	7	7	NUM
faba-278	1	10	issue	issue	NOUN
faba-278	1	11	2	2	NUM
faba-278	1	12	,	,	PUNCT
faba-278	1	13	2025	2025	NUM
faba-278	1	14	http://faba.bg/	http://faba.bg/	NOUN
faba-278	1	15	issn	issn	VERB
faba-278	1	16	2603	2603	NUM
faba-278	1	17	-	-	SYM
faba-278	1	18	5324	5324	NUM
faba-278	1	19	doi	doi	NOUN
faba-278	1	20	:	:	PUNCT
faba-278	1	21	https://doi.org/10.37075/faba.2025.2.11	https://doi.org/10.37075/faba.2025.2.11	VERB
faba-278	1	22	influence	influence	NOUN
faba-278	1	23	of	of	ADP
faba-278	1	24	preference	preference	NOUN
faba-278	1	25	share	share	NOUN
faba-278	1	26	capital	capital	NOUN
faba-278	1	27	on	on	ADP
faba-278	1	28	financial	financial	ADJ
faba-278	1	29	performance	performance	NOUN
faba-278	1	30	of	of	ADP
faba-278	1	31	listed	list	VERB
faba-278	1	32	manufacturing	manufacturing	NOUN
faba-278	1	33	and	and	CCONJ
faba-278	1	34	allied	allied	ADJ
faba-278	1	35	firms	firm	NOUN
faba-278	1	36	in	in	ADP
faba-278	1	37	kenya	kenya	PROPN
faba-278	1	38	ayiego	ayiego	PROPN
faba-278	1	39	jackson	jackson	PROPN
faba-278	1	40	lumbasio1	lumbasio1	PROPN
faba-278	1	41	*	*	PROPN
faba-278	1	42	,	,	PUNCT
faba-278	1	43	martin	martin	PROPN
faba-278	1	44	onsiro2	onsiro2	PROPN
faba-278	1	45	,	,	PUNCT
faba-278	1	46	isaac	isaac	PROPN
faba-278	1	47	abuga3	abuga3	PROPN
faba-278	2	1	mount	mount	PROPN
faba-278	2	2	kenya	kenya	PROPN
faba-278	2	3	university	university	PROPN
faba-278	2	4	,	,	PUNCT
faba-278	2	5	kenya1	kenya1	NOUN
faba-278	2	6	school	school	NOUN
faba-278	2	7	of	of	ADP
faba-278	2	8	business	business	NOUN
faba-278	2	9	and	and	CCONJ
faba-278	2	10	economics	economic	NOUN
faba-278	2	11	,	,	PUNCT
faba-278	2	12	mount	mount	PROPN
faba-278	2	13	kenya	kenya	PROPN
faba-278	2	14	university	university	PROPN
faba-278	2	15	,	,	PUNCT
faba-278	2	16	kenya2	kenya2	PROPN
faba-278	2	17	school	school	NOUN
faba-278	2	18	of	of	ADP
faba-278	2	19	business	business	NOUN
faba-278	2	20	and	and	CCONJ
faba-278	2	21	economics	economic	NOUN
faba-278	2	22	,	,	PUNCT
faba-278	2	23	mount	mount	PROPN
faba-278	2	24	kenya	kenya	PROPN
faba-278	2	25	university	university	PROPN
faba-278	2	26	,	,	PUNCT
faba-278	3	1	kenya3	kenya3	PROPN
faba-278	3	2	*	*	PUNCT
faba-278	3	3	corresponding	correspond	VERB
faba-278	3	4	author	author	NOUN
faba-278	3	5	info	info	NOUN
faba-278	3	6	articles	article	NOUN
faba-278	3	7	abstract	abstract	ADJ
faba-278	3	8	history	history	NOUN
faba-278	3	9	article	article	NOUN
faba-278	3	10	:	:	PUNCT
faba-278	3	11	submitted	submit	VERB
faba-278	3	12	:	:	PUNCT
faba-278	3	13	13	13	NUM
faba-278	3	14	may	may	AUX
faba-278	3	15	2025	2025	NUM
faba-278	3	16	revised	revise	VERB
faba-278	3	17	:	:	PUNCT
faba-278	3	18	12	12	NUM
faba-278	3	19	august	august	PROPN
faba-278	3	20	2025	2025	NUM
faba-278	3	21	accepted	accept	VERB
faba-278	3	22	:	:	PUNCT
faba-278	3	23	13	13	NUM
faba-278	3	24	november	november	PROPN
faba-278	3	25	2025	2025	NUM
faba-278	3	26	purpose	purpose	NOUN
faba-278	3	27	:	:	PUNCT
faba-278	3	28	this	this	DET
faba-278	3	29	study	study	NOUN
faba-278	3	30	assessed	assess	VERB
faba-278	3	31	the	the	DET
faba-278	3	32	influence	influence	NOUN
faba-278	3	33	of	of	ADP
faba-278	3	34	preference	preference	NOUN
faba-278	3	35	share	share	NOUN
faba-278	3	36	capital	capital	NOUN
faba-278	3	37	on	on	ADP
faba-278	3	38	financial	financial	ADJ
faba-278	3	39	performance	performance	NOUN
faba-278	3	40	of	of	ADP
faba-278	3	41	listed	list	VERB
faba-278	3	42	manufacturing	manufacturing	NOUN
faba-278	3	43	and	and	CCONJ
faba-278	3	44	allied	allied	ADJ
faba-278	3	45	firms	firm	NOUN
faba-278	3	46	in	in	ADP
faba-278	3	47	kenya	kenya	PROPN
faba-278	3	48	.	.	PUNCT
faba-278	4	1	the	the	DET
faba-278	4	2	research	research	NOUN
faba-278	4	3	applied	apply	VERB
faba-278	4	4	modigliani	modigliani	PROPN
faba-278	4	5	and	and	CCONJ
faba-278	4	6	miller	miller	PROPN
faba-278	4	7	theory	theory	NOUN
faba-278	4	8	,	,	PUNCT
faba-278	4	9	trade	trade	NOUN
faba-278	4	10	-	-	PUNCT
faba-278	4	11	off	off	NOUN
faba-278	4	12	,	,	PUNCT
faba-278	4	13	pecking	pecking	NOUN
faba-278	4	14	order	order	NOUN
faba-278	4	15	,	,	PUNCT
faba-278	4	16	and	and	CCONJ
faba-278	4	17	market	market	NOUN
faba-278	4	18	timing	timing	NOUN
faba-278	4	19	and	and	CCONJ
faba-278	4	20	the	the	DET
faba-278	4	21	stakeholder	stakeholder	NOUN
faba-278	4	22	theories	theory	NOUN
faba-278	4	23	appropriately	appropriately	ADV
faba-278	4	24	.	.	PUNCT
faba-278	5	1	design	design	NOUN
faba-278	5	2	/	/	SYM
faba-278	5	3	methodology	methodology	NOUN
faba-278	5	4	/	/	SYM
faba-278	5	5	approach	approach	NOUN
faba-278	5	6	:	:	PUNCT
faba-278	5	7	the	the	DET
faba-278	5	8	target	target	NOUN
faba-278	5	9	population	population	NOUN
faba-278	5	10	comprised	comprise	VERB
faba-278	5	11	248line	248line	PROPN
faba-278	5	12	managers	manager	NOUN
faba-278	5	13	within	within	ADP
faba-278	5	14	the	the	DET
faba-278	5	15	manufacturing	manufacturing	NOUN
faba-278	5	16	firms	firm	NOUN
faba-278	5	17	listed	list	VERB
faba-278	5	18	on	on	ADP
faba-278	5	19	the	the	DET
faba-278	5	20	nse	nse	NOUN
faba-278	5	21	from	from	ADP
faba-278	5	22	2016	2016	NUM
faba-278	5	23	to	to	ADP
faba-278	5	24	2022	2022	NUM
faba-278	5	25	.	.	PUNCT
faba-278	6	1	data	datum	NOUN
faba-278	6	2	collection	collection	NOUN
faba-278	6	3	method	method	NOUN
faba-278	6	4	utilized	utilize	VERB
faba-278	6	5	was	be	AUX
faba-278	6	6	both	both	CCONJ
faba-278	6	7	secondary	secondary	ADJ
faba-278	6	8	and	and	CCONJ
faba-278	6	9	primary	primary	ADJ
faba-278	6	10	.	.	PUNCT
faba-278	7	1	data	datum	NOUN
faba-278	7	2	analysis	analysis	NOUN
faba-278	7	3	included	include	VERB
faba-278	7	4	inferential	inferential	ADJ
faba-278	7	5	:	:	PUNCT
faba-278	7	6	regression	regression	NOUN
faba-278	7	7	analysis	analysis	NOUN
faba-278	7	8	,	,	PUNCT
faba-278	7	9	chi	chi	NOUN
faba-278	7	10	-	-	PUNCT
faba-278	7	11	square	square	NOUN
faba-278	7	12	,	,	PUNCT
faba-278	7	13	and	and	CCONJ
faba-278	7	14	anova	anova	PROPN
faba-278	7	15	test	test	NOUN
faba-278	7	16	while	while	SCONJ
faba-278	7	17	descriptive	descriptive	ADJ
faba-278	7	18	statistics	statistic	NOUN
faba-278	7	19	involved	involve	VERB
faba-278	7	20	the	the	DET
faba-278	7	21	use	use	NOUN
faba-278	7	22	of	of	ADP
faba-278	7	23	range	range	NOUN
faba-278	7	24	,	,	PUNCT
faba-278	7	25	variance	variance	NOUN
faba-278	7	26	,	,	PUNCT
faba-278	7	27	and	and	CCONJ
faba-278	7	28	standard	standard	ADJ
faba-278	7	29	deviation	deviation	NOUN
faba-278	7	30	.	.	PUNCT
faba-278	8	1	presentation	presentation	NOUN
faba-278	8	2	of	of	ADP
faba-278	8	3	data	datum	NOUN
faba-278	8	4	was	be	AUX
faba-278	8	5	done	do	VERB
faba-278	8	6	by	by	ADP
faba-278	8	7	clear	clear	ADJ
faba-278	8	8	use	use	NOUN
faba-278	8	9	of	of	ADP
faba-278	8	10	figures	figure	NOUN
faba-278	8	11	including	include	VERB
faba-278	8	12	tables	table	NOUN
faba-278	8	13	.	.	PUNCT
faba-278	9	1	financial	financial	ADJ
faba-278	9	2	performance	performance	NOUN
faba-278	9	3	was	be	AUX
faba-278	9	4	measured	measure	VERB
faba-278	9	5	by	by	ADP
faba-278	9	6	return	return	NOUN
faba-278	9	7	on	on	ADP
faba-278	9	8	assets	asset	NOUN
faba-278	9	9	ratio	ratio	NOUN
faba-278	9	10	.	.	PUNCT
faba-278	10	1	findings	finding	NOUN
faba-278	10	2	:	:	PUNCT
faba-278	10	3	the	the	DET
faba-278	10	4	findings	finding	NOUN
faba-278	10	5	indicated	indicate	VERB
faba-278	10	6	that	that	SCONJ
faba-278	10	7	preference	preference	NOUN
faba-278	10	8	shares	share	NOUN
faba-278	10	9	have	have	VERB
faba-278	10	10	a	a	DET
faba-278	10	11	significant	significant	ADJ
faba-278	10	12	positive	positive	ADJ
faba-278	10	13	effect	effect	NOUN
faba-278	10	14	on	on	ADP
faba-278	10	15	the	the	DET
faba-278	10	16	financial	financial	ADJ
faba-278	10	17	performance	performance	NOUN
faba-278	10	18	of	of	ADP
faba-278	10	19	listed	list	VERB
faba-278	10	20	manufacturing	manufacturing	NOUN
faba-278	10	21	and	and	CCONJ
faba-278	10	22	allied	allied	ADJ
faba-278	10	23	firms	firm	NOUN
faba-278	10	24	(	(	PUNCT
faba-278	10	25	p	p	NOUN
faba-278	10	26	value<0.05	value<0.05	NOUN
faba-278	10	27	)	)	PUNCT
faba-278	10	28	.	.	PUNCT
faba-278	11	1	the	the	DET
faba-278	11	2	study	study	NOUN
faba-278	11	3	concludes	conclude	VERB
faba-278	11	4	that	that	SCONJ
faba-278	11	5	preference	preference	NOUN
faba-278	11	6	share	share	NOUN
faba-278	11	7	capital	capital	NOUN
faba-278	11	8	significantly	significantly	ADV
faba-278	11	9	enhances	enhance	VERB
faba-278	11	10	the	the	DET
faba-278	11	11	financial	financial	ADJ
faba-278	11	12	performance	performance	NOUN
faba-278	11	13	of	of	ADP
faba-278	11	14	listed	list	VERB
faba-278	11	15	manufacturing	manufacturing	NOUN
faba-278	11	16	and	and	CCONJ
faba-278	11	17	allied	allied	ADJ
faba-278	11	18	firms	firm	NOUN
faba-278	11	19	by	by	ADP
faba-278	11	20	providing	provide	VERB
faba-278	11	21	a	a	DET
faba-278	11	22	stable	stable	ADJ
faba-278	11	23	funding	funding	NOUN
faba-278	11	24	base	base	NOUN
faba-278	11	25	,	,	PUNCT
faba-278	11	26	improving	improve	VERB
faba-278	11	27	liquidity	liquidity	NOUN
faba-278	11	28	,	,	PUNCT
faba-278	11	29	and	and	CCONJ
faba-278	11	30	reducing	reduce	VERB
faba-278	11	31	the	the	DET
faba-278	11	32	cost	cost	NOUN
faba-278	11	33	of	of	ADP
faba-278	11	34	equity	equity	NOUN
faba-278	11	35	.	.	PUNCT
faba-278	12	1	practical	practical	ADJ
faba-278	12	2	implications	implication	NOUN
faba-278	12	3	:	:	PUNCT
faba-278	12	4	the	the	DET
faba-278	12	5	study	study	NOUN
faba-278	12	6	recommends	recommend	VERB
faba-278	12	7	that	that	SCONJ
faba-278	12	8	firms	firm	NOUN
faba-278	12	9	prioritize	prioritize	VERB
faba-278	12	10	the	the	DET
faba-278	12	11	use	use	NOUN
faba-278	12	12	of	of	ADP
faba-278	12	13	preference	preference	NOUN
faba-278	12	14	shares	share	NOUN
faba-278	12	15	to	to	PART
faba-278	12	16	carefully	carefully	ADV
faba-278	12	17	manage	manage	VERB
faba-278	12	18	debt	debt	NOUN
faba-278	12	19	levels	level	NOUN
faba-278	12	20	,	,	PUNCT
faba-278	12	21	strategically	strategically	ADV
faba-278	12	22	reinvest	reinvest	VERB
faba-278	12	23	retained	retain	VERB
faba-278	12	24	earnings	earning	NOUN
faba-278	12	25	,	,	PUNCT
faba-278	12	26	and	and	CCONJ
faba-278	12	27	consider	consider	VERB
faba-278	12	28	ownership	ownership	NOUN
faba-278	12	29	structures	structure	NOUN
faba-278	12	30	when	when	SCONJ
faba-278	12	31	developing	develop	VERB
faba-278	12	32	capital	capital	NOUN
faba-278	12	33	strategies	strategy	NOUN
faba-278	12	34	.	.	PUNCT
faba-278	13	1	additionally	additionally	ADV
faba-278	13	2	,	,	PUNCT
faba-278	13	3	it	it	PRON
faba-278	13	4	recommends	recommend	VERB
faba-278	13	5	the	the	DET
faba-278	13	6	need	need	NOUN
faba-278	13	7	for	for	ADP
faba-278	13	8	policies	policy	NOUN
faba-278	13	9	that	that	PRON
faba-278	13	10	support	support	VERB
faba-278	13	11	the	the	DET
faba-278	13	12	adoption	adoption	NOUN
faba-278	13	13	of	of	ADP
faba-278	13	14	these	these	DET
faba-278	13	15	practices	practice	NOUN
faba-278	13	16	to	to	PART
faba-278	13	17	foster	foster	VERB
faba-278	13	18	sustainable	sustainable	ADJ
faba-278	13	19	growth	growth	NOUN
faba-278	13	20	and	and	CCONJ
faba-278	13	21	financial	financial	ADJ
faba-278	13	22	stability	stability	NOUN
faba-278	13	23	in	in	ADP
faba-278	13	24	the	the	DET
faba-278	13	25	sector	sector	NOUN
faba-278	13	26	.	.	PUNCT
faba-278	14	1	originality	originality	NOUN
faba-278	14	2	/	/	SYM
faba-278	14	3	value	value	NOUN
faba-278	14	4	:	:	PUNCT
faba-278	14	5	the	the	DET
faba-278	14	6	findings	finding	NOUN
faba-278	14	7	offer	offer	VERB
faba-278	14	8	insights	insight	NOUN
faba-278	14	9	to	to	ADP
faba-278	14	10	investors	investor	NOUN
faba-278	14	11	,	,	PUNCT
faba-278	14	12	policymakers	policymaker	NOUN
faba-278	14	13	,	,	PUNCT
faba-278	14	14	and	and	CCONJ
faba-278	14	15	corporate	corporate	ADJ
faba-278	14	16	managers	manager	NOUN
faba-278	14	17	regarding	regard	VERB
faba-278	14	18	the	the	DET
faba-278	14	19	optimal	optimal	ADJ
faba-278	14	20	structuring	structuring	NOUN
faba-278	14	21	of	of	ADP
faba-278	14	22	capital	capital	NOUN
faba-278	14	23	to	to	PART
faba-278	14	24	enhance	enhance	VERB
faba-278	14	25	firm	firm	ADJ
faba-278	14	26	value	value	NOUN
faba-278	14	27	and	and	CCONJ
faba-278	14	28	competitiveness	competitiveness	NOUN
faba-278	14	29	.	.	PUNCT
faba-278	15	1	paper	paper	NOUN
faba-278	15	2	type	type	NOUN
faba-278	15	3	:	:	PUNCT
faba-278	15	4	research	research	NOUN
faba-278	15	5	paper	paper	NOUN
faba-278	15	6	keywords	keyword	NOUN
faba-278	15	7	:	:	PUNCT
faba-278	15	8	preference	preference	NOUN
faba-278	15	9	share	share	NOUN
faba-278	15	10	capital	capital	NOUN
faba-278	15	11	,	,	PUNCT
faba-278	15	12	financial	financial	ADJ
faba-278	15	13	performance	performance	NOUN
faba-278	15	14	,	,	PUNCT
faba-278	15	15	manufacturing	manufacturing	NOUN
faba-278	15	16	and	and	CCONJ
faba-278	15	17	allied	ally	VERB
faba-278	15	18	firms	firm	NOUN
faba-278	15	19	jel	jel	PROPN
faba-278	15	20	:	:	PUNCT
faba-278	15	21	g32	g32	NOUN
faba-278	15	22	,	,	PUNCT
faba-278	15	23	l67	l67	PROPN
faba-278	15	24	,	,	PUNCT
faba-278	15	25	m41	m41	NUM
faba-278	15	26	,	,	PUNCT
faba-278	15	27	o16	o16	X
faba-278	15	28	*	*	PUNCT
faba-278	15	29	address	address	NOUN
faba-278	15	30	correspondence	correspondence	NOUN
faba-278	15	31	:	:	PUNCT
faba-278	16	1	e	e	X
faba-278	16	2	-	-	NOUN
faba-278	16	3	mail	mail	NOUN
faba-278	16	4	:	:	PUNCT
faba-278	16	5	lumbasyojack@gmail.com1	lumbasyojack@gmail.com1	PROPN
faba-278	16	6	monsiro@mku.ac.ke2	monsiro@mku.ac.ke2	PROPN
faba-278	16	7	amokono@mku.ac.ke3	amokono@mku.ac.ke3	PROPN
faba-278	16	8	http://faba.bg/	http://faba.bg/	NOUN
faba-278	16	9	https://doi.org/10.37075/faba.2025.2.11	https://doi.org/10.37075/faba.2025.2.11	VERB
faba-278	16	10	mailto:lumbasyojack@gmail.com	mailto:lumbasyojack@gmail.com	PRON
faba-278	16	11	mailto:monsiro@mku.ac.ke	mailto:monsiro@mku.ac.ke	NOUN
faba-278	16	12	mailto:amokono@mku.ac.ke	mailto:amokono@mku.ac.ke	NOUN
faba-278	16	13	https://orcid.org/0009-0004-6357-3209	https://orcid.org/0009-0004-6357-3209	VERB
faba-278	16	14	https://orcid.org/0000-0001-7340-5306	https://orcid.org/0000-0001-7340-5306	PROPN
faba-278	16	15	https://orcid.org/0000-0003-2846-4424	https://orcid.org/0000-0003-2846-4424	PROPN
faba-278	16	16	a.	a.	PROPN
faba-278	16	17	j.	j.	PROPN
faba-278	16	18	lumbasio	lumbasio	PROPN
faba-278	16	19	,	,	PUNCT
faba-278	16	20	m.	m.	NOUN
faba-278	16	21	onsiro	onsiro	NOUN
faba-278	16	22	and	and	CCONJ
faba-278	16	23	i.	i.	PROPN
faba-278	16	24	abuga	abuga	PROPN
faba-278	16	25	/	/	SYM
faba-278	16	26	finance	finance	NOUN
faba-278	16	27	,	,	PUNCT
faba-278	16	28	accounting	accounting	NOUN
faba-278	16	29	and	and	CCONJ
faba-278	16	30	business	business	NOUN
faba-278	16	31	analysis	analysis	NOUN
faba-278	16	32	,	,	PUNCT
faba-278	16	33	volume	volume	NOUN
faba-278	16	34	7	7	NUM
faba-278	16	35	,	,	PUNCT
faba-278	16	36	issue	issue	NOUN
faba-278	16	37	2	2	NUM
faba-278	16	38	,	,	PUNCT
faba-278	16	39	2025	2025	NUM
faba-278	16	40	284	284	NUM
faba-278	16	41	introduction	introduction	NOUN
faba-278	16	42	establishing	establish	VERB
faba-278	16	43	correct	correct	ADJ
faba-278	16	44	and	and	CCONJ
faba-278	16	45	favorable	favorable	ADJ
faba-278	16	46	capital	capital	NOUN
faba-278	16	47	structure	structure	NOUN
faba-278	16	48	is	be	AUX
faba-278	16	49	a	a	DET
faba-278	16	50	pertinent	pertinent	ADJ
faba-278	16	51	issue	issue	NOUN
faba-278	16	52	for	for	ADP
faba-278	16	53	any	any	DET
faba-278	16	54	company	company	NOUN
faba-278	16	55	,	,	PUNCT
faba-278	16	56	impacting	impact	VERB
faba-278	16	57	shareholder	shareholder	NOUN
faba-278	16	58	returns	return	NOUN
faba-278	16	59	significantly	significantly	ADV
faba-278	16	60	.	.	PUNCT
faba-278	17	1	a	a	DET
faba-278	17	2	well	well	ADV
faba-278	17	3	-	-	PUNCT
faba-278	17	4	suited	suit	VERB
faba-278	17	5	capital	capital	NOUN
faba-278	17	6	structure	structure	NOUN
faba-278	17	7	enhances	enhance	VERB
faba-278	17	8	market	market	NOUN
faba-278	17	9	value	value	NOUN
faba-278	17	10	,	,	PUNCT
faba-278	17	11	thereby	thereby	ADV
faba-278	17	12	elevating	elevate	VERB
faba-278	17	13	overall	overall	ADJ
faba-278	17	14	company	company	NOUN
faba-278	17	15	worth	worth	ADJ
faba-278	17	16	.	.	PUNCT
faba-278	18	1	loans	loan	NOUN
faba-278	18	2	and	and	CCONJ
faba-278	18	3	bonds	bond	NOUN
faba-278	18	4	as	as	ADP
faba-278	18	5	forms	form	NOUN
faba-278	18	6	of	of	ADP
faba-278	18	7	debt	debt	NOUN
faba-278	18	8	capital	capital	NOUN
faba-278	18	9	,	,	PUNCT
faba-278	18	10	and	and	CCONJ
faba-278	18	11	equity	equity	NOUN
faba-278	18	12	capital	capital	NOUN
faba-278	18	13	,	,	PUNCT
faba-278	18	14	encompassing	encompass	VERB
faba-278	18	15	preferred	preferred	ADJ
faba-278	18	16	and	and	CCONJ
faba-278	18	17	common	common	ADJ
faba-278	18	18	stocks	stock	NOUN
faba-278	18	19	along	along	ADV
faba-278	18	20	with	with	ADP
faba-278	18	21	retained	retain	VERB
faba-278	18	22	earnings	earning	NOUN
faba-278	18	23	,	,	PUNCT
faba-278	18	24	are	be	AUX
faba-278	18	25	integral	integral	ADJ
faba-278	18	26	components	component	NOUN
faba-278	18	27	.	.	PUNCT
faba-278	19	1	assessing	assess	VERB
faba-278	19	2	the	the	DET
faba-278	19	3	relevant	relevant	ADJ
faba-278	19	4	equity	equity	NOUN
faba-278	19	5	ratios	ratio	NOUN
faba-278	19	6	provides	provide	VERB
faba-278	19	7	insights	insight	NOUN
faba-278	19	8	into	into	ADP
faba-278	19	9	an	an	DET
faba-278	19	10	entity	entity	NOUN
faba-278	19	11	’s	’s	PART
faba-278	19	12	borrowing	borrowing	NOUN
faba-278	19	13	practices	practice	NOUN
faba-278	19	14	and	and	CCONJ
faba-278	19	15	its	its	PRON
faba-278	19	16	viability	viability	NOUN
faba-278	19	17	(	(	PUNCT
faba-278	19	18	adeyemi	adeyemi	ADV
faba-278	19	19	and	and	CCONJ
faba-278	19	20	oboh	oboh	NOUN
faba-278	19	21	2020	2020	NUM
faba-278	19	22	)	)	PUNCT
faba-278	19	23	.	.	PUNCT
faba-278	20	1	an	an	DET
faba-278	20	2	optimal	optimal	ADJ
faba-278	20	3	capital	capital	NOUN
faba-278	20	4	structure	structure	NOUN
faba-278	20	5	enables	enable	VERB
faba-278	20	6	efficient	efficient	ADJ
faba-278	20	7	utilization	utilization	NOUN
faba-278	20	8	of	of	ADP
faba-278	20	9	available	available	ADJ
faba-278	20	10	funds	fund	NOUN
faba-278	20	11	,	,	PUNCT
faba-278	20	12	ensuring	ensure	VERB
faba-278	20	13	the	the	DET
faba-278	20	14	fulfillment	fulfillment	NOUN
faba-278	20	15	of	of	ADP
faba-278	20	16	financial	financial	ADJ
faba-278	20	17	requirements	requirement	NOUN
faba-278	20	18	while	while	SCONJ
faba-278	20	19	minimizing	minimize	VERB
faba-278	20	20	the	the	DET
faba-278	20	21	cost	cost	NOUN
faba-278	20	22	of	of	ADP
faba-278	20	23	capital	capital	NOUN
faba-278	20	24	.	.	PUNCT
faba-278	21	1	striking	strike	VERB
faba-278	21	2	the	the	DET
faba-278	21	3	right	right	ADJ
faba-278	21	4	balance	balance	NOUN
faba-278	21	5	prevents	prevent	VERB
faba-278	21	6	both	both	CCONJ
faba-278	21	7	over	over	ADP
faba-278	21	8	-	-	PUNCT
faba-278	21	9	capitalization	capitalization	NOUN
faba-278	21	10	and	and	CCONJ
faba-278	21	11	undercapitalization	undercapitalization	NOUN
faba-278	21	12	,	,	PUNCT
faba-278	21	13	safeguarding	safeguard	VERB
faba-278	21	14	the	the	DET
faba-278	21	15	enterprise	enterprise	NOUN
faba-278	21	16	's	's	PART
faba-278	21	17	financial	financial	ADJ
faba-278	21	18	health	health	NOUN
faba-278	21	19	.	.	PUNCT
faba-278	22	1	this	this	DET
faba-278	22	2	approach	approach	NOUN
faba-278	22	3	fosters	foster	VERB
faba-278	22	4	prudent	prudent	ADJ
faba-278	22	5	financial	financial	ADJ
faba-278	22	6	management	management	NOUN
faba-278	22	7	,	,	PUNCT
faba-278	22	8	bolstering	bolster	VERB
faba-278	22	9	the	the	DET
faba-278	22	10	company	company	NOUN
faba-278	22	11	's	's	PART
faba-278	22	12	ability	ability	NOUN
faba-278	22	13	to	to	PART
faba-278	22	14	seize	seize	VERB
faba-278	22	15	growth	growth	NOUN
faba-278	22	16	opportunities	opportunity	NOUN
faba-278	22	17	and	and	CCONJ
faba-278	22	18	navigate	navigate	VERB
faba-278	22	19	market	market	NOUN
faba-278	22	20	challenges	challenge	NOUN
faba-278	22	21	effectively	effectively	ADV
faba-278	22	22	.	.	PUNCT
faba-278	23	1	thus	thus	ADV
faba-278	23	2	,	,	PUNCT
faba-278	23	3	a	a	DET
faba-278	23	4	crafted	craft	VERB
faba-278	23	5	capital	capital	NOUN
faba-278	23	6	structure	structure	NOUN
faba-278	23	7	is	be	AUX
faba-278	23	8	fundamental	fundamental	ADJ
faba-278	23	9	on	on	ADP
faba-278	23	10	steering	steer	VERB
faba-278	23	11	growth	growth	NOUN
faba-278	23	12	that	that	PRON
faba-278	23	13	is	be	AUX
faba-278	23	14	sustaining	sustain	VERB
faba-278	23	15	and	and	CCONJ
faba-278	23	16	maximizing	maximize	VERB
faba-278	23	17	shareholder	shareholder	NOUN
faba-278	23	18	value	value	NOUN
faba-278	23	19	in	in	ADP
faba-278	23	20	the	the	DET
faba-278	23	21	current	current	ADJ
faba-278	23	22	ever	ever	ADV
faba-278	23	23	changing	change	VERB
faba-278	23	24	business	business	NOUN
faba-278	23	25	landscape	landscape	NOUN
faba-278	23	26	.	.	PUNCT
faba-278	24	1	uk	uk	PROPN
faba-278	24	2	,	,	PUNCT
faba-278	24	3	german	german	ADJ
faba-278	24	4	,	,	PUNCT
faba-278	24	5	and	and	CCONJ
faba-278	24	6	french	french	ADJ
faba-278	24	7	firms	firm	NOUN
faba-278	24	8	tailor	tailor	VERB
faba-278	24	9	their	their	PRON
faba-278	24	10	debt	debt	NOUN
faba-278	24	11	ratios	ratio	NOUN
faba-278	24	12	to	to	ADP
faba-278	24	13	sector	sector	NOUN
faba-278	24	14	norms	norm	NOUN
faba-278	24	15	,	,	PUNCT
faba-278	24	16	adjusting	adjust	VERB
faba-278	24	17	within	within	ADP
faba-278	24	18	defined	define	VERB
faba-278	24	19	parameters	parameter	NOUN
faba-278	24	20	.	.	PUNCT
faba-278	25	1	agency	agency	NOUN
faba-278	25	2	and	and	CCONJ
faba-278	25	3	bankruptcy	bankruptcy	NOUN
faba-278	25	4	costs	cost	NOUN
faba-278	25	5	are	be	AUX
faba-278	25	6	key	key	ADJ
faba-278	25	7	factors	factor	NOUN
faba-278	25	8	influencing	influence	VERB
faba-278	25	9	leverage	leverage	NOUN
faba-278	25	10	decisions	decision	NOUN
faba-278	25	11	(	(	PUNCT
faba-278	25	12	antoniou	antoniou	NOUN
faba-278	25	13	and	and	CCONJ
faba-278	25	14	stewart	stewart	PROPN
faba-278	25	15	2018	2018	NUM
faba-278	25	16	)	)	PUNCT
faba-278	25	17	.	.	PUNCT
faba-278	26	1	these	these	DET
faba-278	26	2	considerations	consideration	NOUN
faba-278	26	3	underscore	underscore	VERB
faba-278	26	4	the	the	DET
faba-278	26	5	significant	significant	ADJ
faba-278	26	6	impact	impact	NOUN
faba-278	26	7	of	of	ADP
faba-278	26	8	external	external	ADJ
faba-278	26	9	factors	factor	NOUN
faba-278	26	10	on	on	ADP
faba-278	26	11	firms	firm	NOUN
faba-278	26	12	'	'	PART
faba-278	26	13	financing	financing	NOUN
faba-278	26	14	choices	choice	NOUN
faba-278	26	15	,	,	PUNCT
faba-278	26	16	highlighting	highlight	VERB
faba-278	26	17	the	the	DET
faba-278	26	18	importance	importance	NOUN
faba-278	26	19	of	of	ADP
faba-278	26	20	strategic	strategic	ADJ
faba-278	26	21	financial	financial	ADJ
faba-278	26	22	management	management	NOUN
faba-278	26	23	.	.	PUNCT
faba-278	27	1	by	by	ADP
faba-278	27	2	aligning	align	VERB
faba-278	27	3	debt	debt	NOUN
faba-278	27	4	levels	level	NOUN
faba-278	27	5	with	with	ADP
faba-278	27	6	industry	industry	NOUN
faba-278	27	7	standards	standard	NOUN
faba-278	27	8	and	and	CCONJ
faba-278	27	9	accounting	account	VERB
faba-278	27	10	for	for	ADP
faba-278	27	11	associated	associated	ADJ
faba-278	27	12	costs	cost	NOUN
faba-278	27	13	,	,	PUNCT
faba-278	27	14	companies	company	NOUN
faba-278	27	15	can	can	AUX
faba-278	27	16	mitigate	mitigate	VERB
faba-278	27	17	varying	vary	VERB
faba-278	27	18	risks	risk	NOUN
faba-278	27	19	to	to	PART
faba-278	27	20	enhance	enhance	VERB
faba-278	27	21	financial	financial	ADJ
faba-278	27	22	performance	performance	NOUN
faba-278	27	23	by	by	ADP
faba-278	27	24	assuring	assure	VERB
faba-278	27	25	optimal	optimal	ADJ
faba-278	27	26	capital	capital	NOUN
faba-278	27	27	structure	structure	NOUN
faba-278	27	28	.	.	PUNCT
faba-278	28	1	this	this	DET
faba-278	28	2	approach	approach	NOUN
faba-278	28	3	ensures	ensure	VERB
faba-278	28	4	prudent	prudent	ADJ
faba-278	28	5	decision	decision	NOUN
faba-278	28	6	-	-	PUNCT
faba-278	28	7	making	make	VERB
faba-278	28	8	and	and	CCONJ
faba-278	28	9	fosters	foster	VERB
faba-278	28	10	resilience	resilience	NOUN
faba-278	28	11	in	in	ADP
faba-278	28	12	the	the	DET
faba-278	28	13	face	face	NOUN
faba-278	28	14	of	of	ADP
faba-278	28	15	market	market	NOUN
faba-278	28	16	uncertainties	uncertainty	NOUN
faba-278	28	17	.	.	PUNCT
faba-278	29	1	moreover	moreover	ADV
faba-278	29	2	,	,	PUNCT
faba-278	29	3	understanding	understand	VERB
faba-278	29	4	the	the	DET
faba-278	29	5	interplay	interplay	NOUN
faba-278	29	6	between	between	ADP
faba-278	29	7	leverage	leverage	NOUN
faba-278	29	8	determinants	determinant	NOUN
faba-278	29	9	and	and	CCONJ
faba-278	29	10	financing	financing	NOUN
faba-278	29	11	decisions	decision	NOUN
faba-278	29	12	enables	enable	VERB
faba-278	29	13	firms	firm	NOUN
faba-278	29	14	to	to	PART
faba-278	29	15	navigate	navigate	VERB
faba-278	29	16	complexities	complexity	NOUN
faba-278	29	17	effectively	effectively	ADV
faba-278	29	18	,	,	PUNCT
faba-278	29	19	positioning	position	VERB
faba-278	29	20	themselves	themselves	PRON
faba-278	29	21	for	for	ADP
faba-278	29	22	long	long	ADJ
faba-278	29	23	-	-	PUNCT
faba-278	29	24	term	term	NOUN
faba-278	29	25	success	success	NOUN
faba-278	29	26	and	and	CCONJ
faba-278	29	27	sustainable	sustainable	ADJ
faba-278	29	28	growth	growth	NOUN
faba-278	29	29	.	.	PUNCT
faba-278	30	1	therefore	therefore	ADV
faba-278	30	2	,	,	PUNCT
faba-278	30	3	uk	uk	PROPN
faba-278	30	4	,	,	PUNCT
faba-278	30	5	german	german	ADJ
faba-278	30	6	,	,	PUNCT
faba-278	30	7	and	and	CCONJ
faba-278	30	8	french	french	ADJ
faba-278	30	9	firms	firm	NOUN
faba-278	30	10	must	must	AUX
faba-278	30	11	carefully	carefully	ADV
faba-278	30	12	evaluate	evaluate	VERB
faba-278	30	13	their	their	PRON
faba-278	30	14	capital	capital	NOUN
faba-278	30	15	structure	structure	NOUN
faba-278	30	16	dynamics	dynamic	NOUN
faba-278	30	17	,	,	PUNCT
faba-278	30	18	taking	take	VERB
faba-278	30	19	into	into	ADP
faba-278	30	20	account	account	NOUN
faba-278	30	21	both	both	CCONJ
faba-278	30	22	internal	internal	ADJ
faba-278	30	23	and	and	CCONJ
faba-278	30	24	external	external	ADJ
faba-278	30	25	factors	factor	NOUN
faba-278	30	26	in	in	ADP
faba-278	30	27	achieving	achieve	VERB
faba-278	30	28	optimal	optimal	ADJ
faba-278	30	29	financial	financial	ADJ
faba-278	30	30	outcomes	outcome	NOUN
faba-278	30	31	while	while	SCONJ
faba-278	30	32	in	in	ADP
faba-278	30	33	turn	turn	NOUN
faba-278	30	34	maximize	maximize	VERB
faba-278	30	35	shareholders	shareholder	NOUN
faba-278	30	36	’	'	PUNCT
faba-278	30	37	wealth	wealth	NOUN
faba-278	30	38	.	.	PUNCT
faba-278	31	1	foreign	foreign	ADJ
faba-278	31	2	investment	investment	NOUN
faba-278	31	3	portfolios	portfolio	NOUN
faba-278	31	4	can	can	AUX
faba-278	31	5	offer	offer	VERB
faba-278	31	6	diversification	diversification	NOUN
faba-278	31	7	benefits	benefit	NOUN
faba-278	31	8	by	by	ADP
faba-278	31	9	allowing	allow	VERB
faba-278	31	10	funds	fund	NOUN
faba-278	31	11	holders	holder	NOUN
faba-278	31	12	to	to	PART
faba-278	31	13	allocate	allocate	VERB
faba-278	31	14	their	their	PRON
faba-278	31	15	capital	capital	NOUN
faba-278	31	16	in	in	ADP
faba-278	31	17	a	a	DET
faba-278	31	18	number	number	NOUN
faba-278	31	19	of	of	ADP
faba-278	31	20	countries	country	NOUN
faba-278	31	21	and	and	CCONJ
faba-278	31	22	markets	market	NOUN
faba-278	31	23	(	(	PUNCT
faba-278	31	24	omorokunwa	omorokunwa	PROPN
faba-278	31	25	2018	2018	NUM
faba-278	31	26	)	)	PUNCT
faba-278	31	27	.	.	PUNCT
faba-278	32	1	through	through	ADP
faba-278	32	2	foreign	foreign	ADJ
faba-278	32	3	assets	asset	NOUN
faba-278	32	4	’	'	PUNCT
faba-278	32	5	investment	investment	NOUN
faba-278	32	6	,	,	PUNCT
faba-278	32	7	funds	fund	NOUN
faba-278	32	8	owners	owner	NOUN
faba-278	32	9	subsequently	subsequently	ADV
faba-278	32	10	reduce	reduce	VERB
faba-278	32	11	being	be	AUX
faba-278	32	12	exposed	expose	VERB
faba-278	32	13	to	to	ADP
faba-278	32	14	market	market	NOUN
faba-278	32	15	risks	risk	NOUN
faba-278	32	16	domestically	domestically	ADV
faba-278	32	17	and	and	CCONJ
faba-278	32	18	potentially	potentially	ADV
faba-278	32	19	benefit	benefit	VERB
faba-278	32	20	from	from	ADP
faba-278	32	21	the	the	DET
faba-278	32	22	performance	performance	NOUN
faba-278	32	23	of	of	ADP
faba-278	32	24	different	different	ADJ
faba-278	32	25	economies	economy	NOUN
faba-278	32	26	.	.	PUNCT
faba-278	33	1	investing	invest	VERB
faba-278	33	2	in	in	ADP
faba-278	33	3	foreign	foreign	ADJ
faba-278	33	4	markets	market	NOUN
faba-278	33	5	can	can	AUX
faba-278	33	6	provides	provide	VERB
faba-278	33	7	access	access	NOUN
faba-278	33	8	broader	broad	ADJ
faba-278	33	9	range	range	NOUN
faba-278	33	10	of	of	ADP
faba-278	33	11	investing	invest	VERB
faba-278	33	12	opportunities	opportunity	NOUN
faba-278	33	13	access	access	NOUN
faba-278	33	14	and	and	CCONJ
faba-278	33	15	potential	potential	ADJ
faba-278	33	16	much	much	ADV
faba-278	33	17	higher	high	ADJ
faba-278	33	18	returns	return	NOUN
faba-278	33	19	in	in	ADP
faba-278	33	20	comparison	comparison	NOUN
faba-278	33	21	to	to	ADP
faba-278	33	22	domestic	domestic	ADJ
faba-278	33	23	investments	investment	NOUN
faba-278	33	24	(	(	PUNCT
faba-278	33	25	french	french	NOUN
faba-278	33	26	2019	2019	NUM
faba-278	33	27	)	)	PUNCT
faba-278	33	28	.	.	PUNCT
faba-278	34	1	capital	capital	NOUN
faba-278	34	2	structure	structure	NOUN
faba-278	34	3	implies	imply	VERB
faba-278	34	4	to	to	ADP
faba-278	34	5	the	the	DET
faba-278	34	6	ways	way	NOUN
faba-278	34	7	through	through	ADP
faba-278	34	8	which	which	PRON
faba-278	34	9	firms	firm	NOUN
faba-278	34	10	and	and	CCONJ
faba-278	34	11	business	business	NOUN
faba-278	34	12	entities	entity	NOUN
faba-278	34	13	fund	fund	VERB
faba-278	34	14	their	their	PRON
faba-278	34	15	operations	operation	NOUN
faba-278	34	16	.	.	PUNCT
faba-278	35	1	failure	failure	NOUN
faba-278	35	2	by	by	ADP
faba-278	35	3	an	an	DET
faba-278	35	4	entity	entity	NOUN
faba-278	35	5	to	to	PART
faba-278	35	6	fund	fund	VERB
faba-278	35	7	and	and	CCONJ
faba-278	35	8	meet	meet	VERB
faba-278	35	9	its	its	PRON
faba-278	35	10	financial	financial	ADJ
faba-278	35	11	obligations	obligation	NOUN
faba-278	35	12	marks	mark	VERB
faba-278	35	13	its	its	PRON
faba-278	35	14	death	death	NOUN
faba-278	35	15	bed	bed	NOUN
faba-278	35	16	.	.	PUNCT
faba-278	36	1	a	a	DET
faba-278	36	2	study	study	NOUN
faba-278	36	3	making	make	VERB
faba-278	36	4	use	use	NOUN
faba-278	36	5	of	of	ADP
faba-278	36	6	kenyan	kenyan	ADJ
faba-278	36	7	data	datum	NOUN
faba-278	36	8	done	do	VERB
faba-278	36	9	by	by	ADP
faba-278	36	10	kiogora	kiogora	PROPN
faba-278	36	11	(	(	PUNCT
faba-278	36	12	2019	2019	NUM
faba-278	36	13	)	)	PUNCT
faba-278	36	14	reveals	reveal	VERB
faba-278	36	15	a	a	DET
faba-278	36	16	negativity	negativity	NOUN
faba-278	36	17	in	in	ADP
faba-278	36	18	correlation	correlation	NOUN
faba-278	36	19	over	over	ADP
faba-278	36	20	firms	firm	NOUN
faba-278	36	21	'	'	PART
faba-278	36	22	returns	return	NOUN
faba-278	36	23	vis	vis	X
faba-278	36	24	-	-	PUNCT
faba-278	36	25	a	a	DET
faba-278	36	26	-	-	PUNCT
faba-278	36	27	viz	viz	NOUN
faba-278	36	28	their	their	PRON
faba-278	36	29	levels	level	NOUN
faba-278	36	30	of	of	ADP
faba-278	36	31	financial	financial	ADJ
faba-278	36	32	leverage	leverage	NOUN
faba-278	36	33	.	.	PUNCT
faba-278	37	1	current	current	ADJ
faba-278	37	2	data	datum	NOUN
faba-278	37	3	indicates	indicate	VERB
faba-278	37	4	the	the	DET
faba-278	37	5	issuance	issuance	NOUN
faba-278	37	6	of	of	ADP
faba-278	37	7	68	68	NUM
faba-278	37	8	t	t	NOUN
faba-278	37	9	-	-	PUNCT
faba-278	37	10	bonds	bond	NOUN
faba-278	37	11	by	by	ADP
faba-278	37	12	the	the	DET
faba-278	37	13	kenyan	kenyan	ADJ
faba-278	37	14	government	government	NOUN
faba-278	37	15	,	,	PUNCT
faba-278	37	16	along	along	ADP
faba-278	37	17	with	with	ADP
faba-278	37	18	ten	ten	NUM
faba-278	37	19	corporate	corporate	ADJ
faba-278	37	20	bonds	bond	NOUN
faba-278	37	21	issued	issue	VERB
faba-278	37	22	by	by	ADP
faba-278	37	23	seven	seven	NUM
faba-278	37	24	firms	firm	NOUN
faba-278	37	25	,	,	PUNCT
faba-278	37	26	and	and	CCONJ
faba-278	37	27	the	the	DET
faba-278	37	28	listing	listing	NOUN
faba-278	37	29	of	of	ADP
faba-278	37	30	stocks	stock	NOUN
faba-278	37	31	of	of	ADP
faba-278	37	32	60	60	NUM
faba-278	37	33	firms	firm	NOUN
faba-278	37	34	stocks	stock	NOUN
faba-278	37	35	in	in	ADP
faba-278	37	36	kenya	kenya	PROPN
faba-278	37	37	’s	’s	PART
faba-278	37	38	n.s.e	n.s.e	NOUN
faba-278	37	39	as	as	ADP
faba-278	37	40	of	of	ADP
faba-278	37	41	december	december	PROPN
faba-278	37	42	2012	2012	NUM
faba-278	37	43	.	.	PUNCT
faba-278	38	1	furthermore	furthermore	ADV
faba-278	38	2	,	,	PUNCT
faba-278	38	3	these	these	DET
faba-278	38	4	listed	list	VERB
faba-278	38	5	entities	entity	NOUN
faba-278	38	6	collectively	collectively	ADV
faba-278	38	7	did	do	AUX
faba-278	38	8	float	float	VERB
faba-278	38	9	over	over	ADP
faba-278	38	10	5.1	5.1	NUM
faba-278	38	11	billion	billion	NUM
faba-278	38	12	worth	worth	NOUN
faba-278	38	13	of	of	ADP
faba-278	38	14	shares	share	NOUN
faba-278	38	15	valued	value	VERB
faba-278	38	16	at	at	ADP
faba-278	38	17	kshs	kshs	PROPN
faba-278	38	18	.	.	PUNCT
faba-278	39	1	868	868	NUM
faba-278	39	2	billion	billion	NUM
faba-278	39	3	,	,	PUNCT
faba-278	39	4	while	while	SCONJ
faba-278	39	5	an	an	DET
faba-278	39	6	estimation	estimation	NOUN
faba-278	39	7	value	value	NOUN
faba-278	39	8	of	of	ADP
faba-278	39	9	bonds	bond	NOUN
faba-278	39	10	was	be	AUX
faba-278	39	11	kshs	kshs	ADJ
faba-278	39	12	.	.	PUNCT
faba-278	40	1	92.48	92.48	NUM
faba-278	40	2	billion	billion	NUM
faba-278	40	3	towards	towards	ADP
faba-278	40	4	end	end	NOUN
faba-278	40	5	of	of	ADP
faba-278	40	6	2012	2012	NUM
faba-278	40	7	.	.	PUNCT
faba-278	41	1	kenya	kenya	PROPN
faba-278	41	2	's	's	PART
faba-278	41	3	economic	economic	ADJ
faba-278	41	4	growth	growth	NOUN
faba-278	41	5	and	and	CCONJ
faba-278	41	6	overall	overall	ADJ
faba-278	41	7	competitiveness	competitiveness	NOUN
faba-278	41	8	are	be	AUX
faba-278	41	9	linked	link	VERB
faba-278	41	10	to	to	ADP
faba-278	41	11	the	the	DET
faba-278	41	12	performance	performance	NOUN
faba-278	41	13	of	of	ADP
faba-278	41	14	its	its	PRON
faba-278	41	15	manufacturing	manufacturing	NOUN
faba-278	41	16	and	and	CCONJ
faba-278	41	17	allied	allied	ADJ
faba-278	41	18	sector	sector	NOUN
faba-278	41	19	,	,	PUNCT
faba-278	41	20	which	which	PRON
faba-278	41	21	ranks	rank	VERB
faba-278	41	22	third	third	ADV
faba-278	41	23	in	in	ADP
faba-278	41	24	terms	term	NOUN
faba-278	41	25	of	of	ADP
faba-278	41	26	gdp	gdp	NOUN
faba-278	41	27	contribution	contribution	NOUN
faba-278	41	28	.	.	PUNCT
faba-278	42	1	however	however	ADV
faba-278	42	2	,	,	PUNCT
faba-278	42	3	like	like	ADP
faba-278	42	4	many	many	ADJ
faba-278	42	5	other	other	ADJ
faba-278	42	6	sectors	sector	NOUN
faba-278	42	7	,	,	PUNCT
faba-278	42	8	this	this	DET
faba-278	42	9	domain	domain	NOUN
faba-278	42	10	has	have	AUX
faba-278	42	11	faced	face	VERB
faba-278	42	12	challenges	challenge	NOUN
faba-278	42	13	stemming	stem	VERB
faba-278	42	14	from	from	ADP
faba-278	42	15	various	various	ADJ
faba-278	42	16	financial	financial	ADJ
faba-278	42	17	conditions	condition	NOUN
faba-278	42	18	,	,	PUNCT
faba-278	42	19	resulting	result	VERB
faba-278	42	20	in	in	ADP
faba-278	42	21	fluctuating	fluctuate	VERB
faba-278	42	22	performance	performance	NOUN
faba-278	42	23	and	and	CCONJ
faba-278	42	24	growth	growth	NOUN
faba-278	42	25	rates	rate	NOUN
faba-278	42	26	.	.	PUNCT
faba-278	43	1	for	for	ADP
faba-278	43	2	instance	instance	NOUN
faba-278	43	3	,	,	PUNCT
faba-278	43	4	during	during	ADP
faba-278	43	5	the	the	DET
faba-278	43	6	years	year	NOUN
faba-278	43	7	2008	2008	NUM
faba-278	43	8	-	-	SYM
faba-278	43	9	2010	2010	NUM
faba-278	43	10	,	,	PUNCT
faba-278	43	11	the	the	DET
faba-278	43	12	niche	niche	NOUN
faba-278	43	13	industry	industry	NOUN
faba-278	43	14	contended	contend	VERB
faba-278	43	15	with	with	ADP
faba-278	43	16	its	its	PRON
faba-278	43	17	lower	low	ADJ
faba-278	43	18	gdp	gdp	NOUN
faba-278	43	19	contribution	contribution	NOUN
faba-278	43	20	rates	rate	NOUN
faba-278	43	21	of	of	ADP
faba-278	43	22	growth	growth	NOUN
faba-278	43	23	,	,	PUNCT
faba-278	43	24	at	at	ADP
faba-278	43	25	1.7	1.7	NUM
faba-278	43	26	%	%	NOUN
faba-278	43	27	while	while	SCONJ
faba-278	43	28	consecutively	consecutively	ADV
faba-278	43	29	an	an	DET
faba-278	43	30	improvement	improvement	NOUN
faba-278	43	31	of	of	ADP
faba-278	43	32	2.6	2.6	NUM
faba-278	43	33	%	%	NOUN
faba-278	43	34	respectively	respectively	ADV
faba-278	43	35	(	(	PUNCT
faba-278	43	36	kenton	kenton	PROPN
faba-278	43	37	2024	2024	NUM
faba-278	43	38	)	)	PUNCT
faba-278	43	39	.	.	PUNCT
faba-278	44	1	subsequent	subsequent	ADJ
faba-278	44	2	years	year	NOUN
faba-278	44	3	showed	show	VERB
faba-278	44	4	signs	sign	NOUN
faba-278	44	5	of	of	ADP
faba-278	44	6	recovery	recovery	NOUN
faba-278	44	7	,	,	PUNCT
faba-278	44	8	with	with	ADP
faba-278	44	9	the	the	DET
faba-278	44	10	2010	2010	NUM
faba-278	44	11	financial	financial	ADJ
faba-278	44	12	year	year	NOUN
faba-278	44	13	.	.	PUNCT
faba-278	45	1	nonetheless	nonetheless	ADV
faba-278	45	2	,	,	PUNCT
faba-278	45	3	the	the	DET
faba-278	45	4	sector	sector	NOUN
faba-278	45	5	's	's	PART
faba-278	45	6	growth	growth	NOUN
faba-278	45	7	was	be	AUX
faba-278	45	8	significantly	significantly	ADV
faba-278	45	9	hampered	hamper	VERB
faba-278	45	10	by	by	ADP
faba-278	45	11	the	the	DET
faba-278	45	12	financial	financial	ADJ
faba-278	45	13	crisis	crisis	NOUN
faba-278	45	14	and	and	CCONJ
faba-278	45	15	subsequent	subsequent	ADJ
faba-278	45	16	slowdown	slowdown	NOUN
faba-278	45	17	,	,	PUNCT
faba-278	45	18	leading	lead	VERB
faba-278	45	19	to	to	ADP
faba-278	45	20	decreased	decrease	VERB
faba-278	45	21	demand	demand	NOUN
faba-278	45	22	in	in	ADP
faba-278	45	23	the	the	DET
faba-278	45	24	local	local	ADJ
faba-278	45	25	market	market	NOUN
faba-278	45	26	and	and	CCONJ
faba-278	45	27	currency	currency	NOUN
faba-278	45	28	depreciation	depreciation	NOUN
faba-278	45	29	.	.	PUNCT
faba-278	46	1	this	this	PRON
faba-278	46	2	highlights	highlight	VERB
faba-278	46	3	the	the	DET
faba-278	46	4	vulnerability	vulnerability	NOUN
faba-278	46	5	of	of	ADP
faba-278	46	6	the	the	DET
faba-278	46	7	manufacturing	manufacturing	NOUN
faba-278	46	8	and	and	CCONJ
faba-278	46	9	allied	ally	VERB
faba-278	46	10	sector	sector	NOUN
faba-278	46	11	to	to	ADP
faba-278	46	12	external	external	ADJ
faba-278	46	13	economic	economic	ADJ
faba-278	46	14	shocks	shock	NOUN
faba-278	46	15	and	and	CCONJ
faba-278	46	16	indicates	indicate	VERB
faba-278	46	17	the	the	DET
faba-278	46	18	importance	importance	NOUN
faba-278	46	19	of	of	ADP
faba-278	46	20	implementing	implement	VERB
faba-278	46	21	robust	robust	ADJ
faba-278	46	22	strategies	strategy	NOUN
faba-278	46	23	to	to	PART
faba-278	46	24	bolster	bolster	VERB
faba-278	46	25	resilience	resilience	NOUN
faba-278	46	26	and	and	CCONJ
faba-278	46	27	sustain	sustain	VERB
faba-278	46	28	growth	growth	NOUN
faba-278	46	29	in	in	ADP
faba-278	46	30	the	the	DET
faba-278	46	31	face	face	NOUN
faba-278	46	32	of	of	ADP
faba-278	46	33	adversity	adversity	NOUN
faba-278	46	34	(	(	PUNCT
faba-278	46	35	lagat	lagat	NOUN
faba-278	46	36	2020	2020	NUM
faba-278	46	37	)	)	PUNCT
faba-278	46	38	.	.	PUNCT
faba-278	47	1	this	this	PRON
faba-278	47	2	is	be	AUX
faba-278	47	3	the	the	DET
faba-278	47	4	area	area	NOUN
faba-278	47	5	that	that	PRON
faba-278	47	6	the	the	DET
faba-278	47	7	study	study	NOUN
faba-278	47	8	is	be	AUX
faba-278	47	9	going	go	VERB
faba-278	47	10	to	to	PART
faba-278	47	11	focus	focus	VERB
faba-278	47	12	on	on	ADP
faba-278	47	13	.	.	PUNCT
faba-278	48	1	within	within	ADP
faba-278	48	2	kenya	kenya	PROPN
faba-278	48	3	's	's	PART
faba-278	48	4	economic	economic	ADJ
faba-278	48	5	landscape	landscape	NOUN
faba-278	48	6	,	,	PUNCT
faba-278	48	7	the	the	DET
faba-278	48	8	manufacturing	manufacturing	NOUN
faba-278	48	9	industry	industry	NOUN
faba-278	48	10	holds	hold	VERB
faba-278	48	11	a	a	DET
faba-278	48	12	significant	significant	ADJ
faba-278	48	13	position	position	NOUN
faba-278	48	14	,	,	PUNCT
faba-278	48	15	ranking	rank	VERB
faba-278	48	16	as	as	ADP
faba-278	48	17	the	the	DET
faba-278	48	18	fourth	fourth	ADV
faba-278	48	19	largest	large	ADJ
faba-278	48	20	in	in	ADP
faba-278	48	21	terms	term	NOUN
faba-278	48	22	of	of	ADP
faba-278	48	23	the	the	DET
faba-278	48	24	volumes	volume	NOUN
faba-278	48	25	of	of	ADP
faba-278	48	26	contribution	contribution	NOUN
faba-278	48	27	towards	towards	ADP
faba-278	48	28	the	the	DET
faba-278	48	29	country	country	NOUN
faba-278	48	30	’s	’s	PART
faba-278	48	31	(	(	PUNCT
faba-278	48	32	gdp	gdp	NOUN
faba-278	48	33	)	)	PUNCT
faba-278	48	34	.	.	PUNCT
faba-278	49	1	following	follow	VERB
faba-278	49	2	agricultural	agricultural	ADJ
faba-278	49	3	sector	sector	NOUN
faba-278	49	4	,	,	PUNCT
faba-278	49	5	transportation	transportation	NOUN
faba-278	49	6	and	and	CCONJ
faba-278	49	7	communications	communication	NOUN
faba-278	49	8	,	,	PUNCT
faba-278	49	9	retail	retail	ADJ
faba-278	49	10	trade	trade	NOUN
faba-278	49	11	and	and	CCONJ
faba-278	49	12	wholesale	wholesale	ADJ
faba-278	49	13	trade	trade	NOUN
faba-278	49	14	,	,	PUNCT
faba-278	49	15	the	the	DET
faba-278	49	16	manufacturing	manufacturing	NOUN
faba-278	49	17	makes	make	VERB
faba-278	49	18	a	a	DET
faba-278	49	19	contribution	contribution	NOUN
faba-278	49	20	of	of	ADP
faba-278	49	21	18	18	NUM
faba-278	49	22	per	per	NOUN
faba-278	49	23	cent	cent	NOUN
faba-278	49	24	to	to	ADP
faba-278	49	25	the	the	DET
faba-278	49	26	country	country	NOUN
faba-278	49	27	’s	’s	PART
faba-278	49	28	gdp	gdp	NOUN
faba-278	49	29	,	,	PUNCT
faba-278	49	30	playing	play	VERB
faba-278	49	31	pivotal	pivotal	ADJ
faba-278	49	32	role	role	NOUN
faba-278	49	33	in	in	ADP
faba-278	49	34	both	both	CCONJ
faba-278	49	35	domestic	domestic	ADJ
faba-278	49	36	and	and	CCONJ
faba-278	49	37	regional	regional	ADJ
faba-278	49	38	trade	trade	NOUN
faba-278	49	39	dynamics	dynamic	NOUN
faba-278	49	40	.	.	PUNCT
faba-278	50	1	notably	notably	ADV
faba-278	50	2	,	,	PUNCT
faba-278	50	3	it	it	PRON
faba-278	50	4	actively	actively	ADV
faba-278	50	5	engages	engage	VERB
faba-278	50	6	in	in	ADP
faba-278	50	7	exports	export	NOUN
faba-278	50	8	to	to	ADP
faba-278	50	9	the	the	DET
faba-278	50	10	larger	large	ADJ
faba-278	50	11	central	central	ADJ
faba-278	50	12	and	and	CCONJ
faba-278	50	13	east	east	PROPN
faba-278	50	14	africa	africa	PROPN
faba-278	50	15	region	region	PROPN
faba-278	50	16	,	,	PUNCT
faba-278	50	17	further	far	ADV
faba-278	50	18	solidifying	solidify	VERB
faba-278	50	19	its	its	PRON
faba-278	50	20	importance	importance	NOUN
faba-278	50	21	in	in	ADP
faba-278	50	22	the	the	DET
faba-278	50	23	broader	broad	ADJ
faba-278	50	24	economic	economic	ADJ
faba-278	50	25	framework	framework	NOUN
faba-278	50	26	(	(	PUNCT
faba-278	50	27	mule	mule	NOUN
faba-278	50	28	and	and	CCONJ
faba-278	50	29	mukras	mukras	PROPN
faba-278	50	30	2018	2018	NUM
faba-278	50	31	)	)	PUNCT
faba-278	50	32	.	.	PUNCT
faba-278	51	1	employment	employment	NOUN
faba-278	51	2	-	-	PUNCT
faba-278	51	3	wise	wise	ADV
faba-278	51	4	,	,	PUNCT
faba-278	51	5	the	the	DET
faba-278	51	6	sector	sector	NOUN
faba-278	51	7	serves	serve	VERB
faba-278	51	8	as	as	ADP
faba-278	51	9	a	a	DET
faba-278	51	10	major	major	ADJ
faba-278	51	11	source	source	NOUN
faba-278	51	12	of	of	ADP
faba-278	51	13	livelihood	livelihood	NOUN
faba-278	51	14	,	,	PUNCT
faba-278	51	15	directly	directly	ADV
faba-278	51	16	and	and	CCONJ
faba-278	51	17	indirectly	indirectly	ADV
faba-278	51	18	supporting	support	VERB
faba-278	51	19	approximately	approximately	ADV
faba-278	51	20	2.3	2.3	NUM
faba-278	51	21	m	m	NOUN
faba-278	51	22	individuals	individual	NOUN
faba-278	51	23	across	across	ADP
faba-278	51	24	the	the	DET
faba-278	51	25	non	non	ADJ
faba-278	51	26	-	-	ADJ
faba-278	51	27	formal	formal	ADJ
faba-278	51	28	and	and	CCONJ
faba-278	51	29	formal	formal	ADJ
faba-278	51	30	sectors	sector	NOUN
faba-278	51	31	.	.	PUNCT
faba-278	52	1	while	while	SCONJ
faba-278	52	2	at	at	ADP
faba-278	52	3	conception	conception	NOUN
faba-278	52	4	was	be	AUX
faba-278	52	5	grouped	group	VERB
faba-278	52	6	in	in	ADP
faba-278	52	7	import	import	NOUN
faba-278	52	8	substitution	substitution	NOUN
faba-278	52	9	policy	policy	NOUN
faba-278	52	10	,	,	PUNCT
faba-278	52	11	the	the	DET
faba-278	52	12	sector	sector	NOUN
faba-278	52	13	has	have	AUX
faba-278	52	14	evolved	evolve	VERB
faba-278	52	15	into	into	ADP
faba-278	52	16	a	a	DET
faba-278	52	17	fully	fully	ADV
faba-278	52	18	-	-	PUNCT
faba-278	52	19	fledged	fledge	VERB
faba-278	52	20	export	export	NOUN
faba-278	52	21	-	-	PUNCT
faba-278	52	22	oriented	orient	VERB
faba-278	52	23	entity	entity	NOUN
faba-278	52	24	.	.	PUNCT
faba-278	53	1	it	it	PRON
faba-278	53	2	encompasses	encompass	VERB
faba-278	53	3	twelve	twelve	NUM
faba-278	53	4	distinct	distinct	ADJ
faba-278	53	5	sub	sub	NOUN
faba-278	53	6	-	-	NOUN
faba-278	53	7	categories	category	NOUN
faba-278	53	8	,	,	PUNCT
faba-278	53	9	depicted	depict	VERB
faba-278	53	10	by	by	ADP
faba-278	53	11	the	the	DET
faba-278	53	12	nature	nature	NOUN
faba-278	53	13	of	of	ADP
faba-278	53	14	products	product	NOUN
faba-278	53	15	manufactured	manufacture	VERB
faba-278	53	16	and	and	CCONJ
faba-278	53	17	the	the	DET
faba-278	53	18	a.	a.	NOUN
faba-278	53	19	j.	j.	PROPN
faba-278	53	20	lumbasio	lumbasio	PROPN
faba-278	53	21	,	,	PUNCT
faba-278	53	22	m.	m.	NOUN
faba-278	53	23	onsiro	onsiro	NOUN
faba-278	53	24	and	and	CCONJ
faba-278	53	25	i.	i.	PROPN
faba-278	53	26	abuga	abuga	PROPN
faba-278	53	27	/	/	SYM
faba-278	53	28	finance	finance	NOUN
faba-278	53	29	,	,	PUNCT
faba-278	53	30	accounting	accounting	NOUN
faba-278	53	31	and	and	CCONJ
faba-278	53	32	business	business	NOUN
faba-278	53	33	analysis	analysis	NOUN
faba-278	53	34	,	,	PUNCT
faba-278	53	35	volume	volume	NOUN
faba-278	53	36	7	7	NUM
faba-278	53	37	,	,	PUNCT
faba-278	53	38	issue	issue	NOUN
faba-278	53	39	2	2	NUM
faba-278	53	40	,	,	PUNCT
faba-278	53	41	2025	2025	NUM
faba-278	53	42	285	285	NUM
faba-278	53	43	types	type	NOUN
faba-278	53	44	of	of	ADP
faba-278	53	45	raw	raw	ADJ
faba-278	53	46	materials	material	NOUN
faba-278	53	47	imported	import	VERB
faba-278	53	48	by	by	ADP
faba-278	53	49	firms	firm	NOUN
faba-278	53	50	(	(	PUNCT
faba-278	53	51	maina	maina	PROPN
faba-278	53	52	and	and	CCONJ
faba-278	53	53	omwenga	omwenga	VERB
faba-278	53	54	2019	2019	NUM
faba-278	53	55	)	)	PUNCT
faba-278	53	56	.	.	PUNCT
faba-278	54	1	initially	initially	ADV
faba-278	54	2	identified	identify	VERB
faba-278	54	3	as	as	ADP
faba-278	54	4	nairobi	nairobi	PROPN
faba-278	54	5	stock	stock	PROPN
faba-278	54	6	exchange	exchange	PROPN
faba-278	54	7	,	,	PUNCT
faba-278	54	8	the	the	DET
faba-278	54	9	nairobi	nairobi	PROPN
faba-278	54	10	securities	securities	PROPN
faba-278	54	11	exchange	exchange	PROPN
faba-278	54	12	(	(	PUNCT
faba-278	54	13	nse	nse	NOUN
faba-278	54	14	)	)	PUNCT
faba-278	54	15	stands	stand	VERB
faba-278	54	16	as	as	ADP
faba-278	54	17	kenya	kenya	PROPN
faba-278	54	18	's	's	PART
faba-278	54	19	primary	primary	ADJ
faba-278	54	20	securities	security	NOUN
faba-278	54	21	exchange	exchange	NOUN
faba-278	54	22	market	market	NOUN
faba-278	54	23	.	.	PUNCT
faba-278	55	1	established	establish	VERB
faba-278	55	2	in	in	ADP
faba-278	55	3	1954	1954	NUM
faba-278	55	4	during	during	ADP
faba-278	55	5	kenya	kenya	PROPN
faba-278	55	6	's	's	PART
faba-278	55	7	colonial	colonial	ADJ
faba-278	55	8	period	period	NOUN
faba-278	55	9	,	,	PUNCT
faba-278	55	10	it	it	PRON
faba-278	55	11	operated	operate	VERB
faba-278	55	12	as	as	ADP
faba-278	55	13	an	an	DET
faba-278	55	14	overseas	overseas	ADJ
faba-278	55	15	stock	stock	NOUN
faba-278	55	16	exchange	exchange	NOUN
faba-278	55	17	under	under	ADP
faba-278	55	18	the	the	DET
faba-278	55	19	auspices	auspex	NOUN
faba-278	55	20	of	of	ADP
faba-278	55	21	the	the	DET
faba-278	55	22	london	london	PROPN
faba-278	55	23	stock	stock	NOUN
faba-278	55	24	exchange	exchange	PROPN
faba-278	55	25	(	(	PUNCT
faba-278	55	26	nairobi	nairobi	PROPN
faba-278	55	27	securities	securities	PROPN
faba-278	55	28	exchange	exchange	PROPN
faba-278	55	29	2020	2020	NUM
faba-278	55	30	)	)	PUNCT
faba-278	55	31	.	.	PUNCT
faba-278	56	1	today	today	NOUN
faba-278	56	2	,	,	PUNCT
faba-278	56	3	the	the	DET
faba-278	56	4	nse	nse	NOUN
faba-278	56	5	operates	operate	VERB
faba-278	56	6	within	within	ADP
faba-278	56	7	the	the	DET
faba-278	56	8	framework	framework	NOUN
faba-278	56	9	of	of	ADP
faba-278	56	10	the	the	DET
faba-278	56	11	african	african	ADJ
faba-278	56	12	securities	securities	PROPN
faba-278	56	13	exchanges	exchange	NOUN
faba-278	56	14	association	association	PROPN
faba-278	56	15	,	,	PUNCT
faba-278	56	16	reflecting	reflect	VERB
faba-278	56	17	its	its	PRON
faba-278	56	18	integration	integration	NOUN
faba-278	56	19	into	into	ADP
faba-278	56	20	broader	broad	ADJ
faba-278	56	21	regional	regional	ADJ
faba-278	56	22	financial	financial	ADJ
faba-278	56	23	systems	system	NOUN
faba-278	56	24	.	.	PUNCT
faba-278	57	1	the	the	DET
faba-278	57	2	securities	security	NOUN
faba-278	57	3	exchange	exchange	NOUN
faba-278	57	4	market	market	NOUN
faba-278	57	5	is	be	AUX
faba-278	57	6	key	key	ADJ
faba-278	57	7	to	to	ADP
faba-278	57	8	this	this	DET
faba-278	57	9	study	study	NOUN
faba-278	57	10	as	as	ADP
faba-278	57	11	apart	apart	ADV
faba-278	57	12	from	from	ADP
faba-278	57	13	being	be	AUX
faba-278	57	14	the	the	DET
faba-278	57	15	source	source	NOUN
faba-278	57	16	of	of	ADP
faba-278	57	17	the	the	DET
faba-278	57	18	secondary	secondary	ADJ
faba-278	57	19	data	datum	NOUN
faba-278	57	20	the	the	DET
faba-278	57	21	study	study	NOUN
faba-278	57	22	will	will	AUX
faba-278	57	23	consume	consume	VERB
faba-278	57	24	,	,	PUNCT
faba-278	57	25	it	it	PRON
faba-278	57	26	is	be	AUX
faba-278	57	27	a	a	DET
faba-278	57	28	pertinent	pertinent	ADJ
faba-278	57	29	element	element	NOUN
faba-278	57	30	from	from	ADP
faba-278	57	31	the	the	DET
faba-278	57	32	regulatory	regulatory	ADJ
faba-278	57	33	perspective	perspective	NOUN
faba-278	57	34	of	of	ADP
faba-278	57	35	firms	firm	NOUN
faba-278	57	36	to	to	ADP
faba-278	57	37	the	the	DET
faba-278	57	38	platform	platform	NOUN
faba-278	57	39	it	it	PRON
faba-278	57	40	offers	offer	VERB
faba-278	57	41	for	for	SCONJ
faba-278	57	42	firms	firm	NOUN
faba-278	57	43	to	to	PART
faba-278	57	44	trade	trade	VERB
faba-278	57	45	in	in	ADP
faba-278	57	46	equities	equity	NOUN
faba-278	57	47	and	and	CCONJ
faba-278	57	48	debt	debt	NOUN
faba-278	57	49	,	,	PUNCT
faba-278	57	50	the	the	DET
faba-278	57	51	variables	variable	NOUN
faba-278	57	52	used	use	VERB
faba-278	57	53	in	in	ADP
faba-278	57	54	the	the	DET
faba-278	57	55	study	study	NOUN
faba-278	57	56	.	.	PUNCT
faba-278	58	1	the	the	DET
faba-278	58	2	nse	nse	NOUN
faba-278	58	3	's	's	PART
faba-278	58	4	significance	significance	NOUN
faba-278	58	5	transcends	transcend	VERB
faba-278	58	6	national	national	ADJ
faba-278	58	7	borders	border	NOUN
faba-278	58	8	,	,	PUNCT
faba-278	58	9	contributing	contribute	VERB
faba-278	58	10	to	to	ADP
faba-278	58	11	the	the	DET
faba-278	58	12	vibrancy	vibrancy	NOUN
faba-278	58	13	of	of	ADP
faba-278	58	14	africa	africa	PROPN
faba-278	58	15	's	's	PART
faba-278	58	16	financial	financial	ADJ
faba-278	58	17	landscape	landscape	NOUN
faba-278	58	18	.	.	PUNCT
faba-278	59	1	in	in	ADP
faba-278	59	2	terms	term	NOUN
faba-278	59	3	of	of	ADP
faba-278	59	4	stock	stock	NOUN
faba-278	59	5	trading	trading	NOUN
faba-278	59	6	volumes	volume	NOUN
faba-278	59	7	,	,	PUNCT
faba-278	59	8	it	it	PRON
faba-278	59	9	ranks	rank	VERB
faba-278	59	10	as	as	ADP
faba-278	59	11	the	the	DET
faba-278	59	12	fourth	fourth	ADV
faba-278	59	13	largest	large	ADJ
faba-278	59	14	stock	stock	NOUN
faba-278	59	15	exchange	exchange	NOUN
faba-278	59	16	,	,	PUNCT
faba-278	59	17	proving	prove	VERB
faba-278	59	18	its	its	PRON
faba-278	59	19	pivotal	pivotal	ADJ
faba-278	59	20	role	role	NOUN
faba-278	59	21	in	in	ADP
faba-278	59	22	facilitating	facilitate	VERB
faba-278	59	23	investment	investment	NOUN
faba-278	59	24	and	and	CCONJ
faba-278	59	25	capital	capital	NOUN
faba-278	59	26	flows	flow	NOUN
faba-278	59	27	within	within	ADP
faba-278	59	28	the	the	DET
faba-278	59	29	region	region	NOUN
faba-278	59	30	(	(	PUNCT
faba-278	59	31	changaya	changaya	NOUN
faba-278	59	32	and	and	CCONJ
faba-278	59	33	fatoki	fatoki	NOUN
faba-278	59	34	2020	2020	NUM
faba-278	59	35	)	)	PUNCT
faba-278	59	36	.	.	PUNCT
faba-278	60	1	this	this	DET
faba-278	60	2	rich	rich	ADJ
faba-278	60	3	history	history	NOUN
faba-278	60	4	and	and	CCONJ
faba-278	60	5	strategic	strategic	ADJ
faba-278	60	6	positioning	positioning	NOUN
faba-278	60	7	highlight	highlight	VERB
faba-278	60	8	the	the	DET
faba-278	60	9	nse	nse	NOUN
faba-278	60	10	's	's	PART
faba-278	60	11	stature	stature	NOUN
faba-278	60	12	as	as	ADP
faba-278	60	13	a	a	DET
faba-278	60	14	key	key	ADJ
faba-278	60	15	player	player	NOUN
faba-278	60	16	in	in	ADP
faba-278	60	17	kenya	kenya	PROPN
faba-278	60	18	's	's	PART
faba-278	60	19	financial	financial	ADJ
faba-278	60	20	sector	sector	NOUN
faba-278	60	21	,	,	PUNCT
faba-278	60	22	serving	serve	VERB
faba-278	60	23	as	as	ADP
faba-278	60	24	a	a	DET
faba-278	60	25	conduit	conduit	NOUN
faba-278	60	26	for	for	ADP
faba-278	60	27	capital	capital	NOUN
faba-278	60	28	mobilization	mobilization	NOUN
faba-278	60	29	and	and	CCONJ
faba-278	60	30	investment	investment	NOUN
faba-278	60	31	opportunities	opportunity	NOUN
faba-278	60	32	.	.	PUNCT
faba-278	61	1	according	accord	VERB
faba-278	61	2	to	to	ADP
faba-278	61	3	(	(	PUNCT
faba-278	61	4	kariuki	kariuki	PROPN
faba-278	61	5	2018	2018	NUM
faba-278	61	6	)	)	PUNCT
faba-278	61	7	,	,	PUNCT
faba-278	61	8	the	the	DET
faba-278	61	9	manufacturing	manufacturing	NOUN
faba-278	61	10	and	and	CCONJ
faba-278	61	11	allied	ally	VERB
faba-278	61	12	sectors	sector	NOUN
faba-278	61	13	of	of	ADP
faba-278	61	14	the	the	DET
faba-278	61	15	kenyan	kenyan	ADJ
faba-278	61	16	economy	economy	NOUN
faba-278	61	17	have	have	AUX
faba-278	61	18	exhibited	exhibit	VERB
faba-278	61	19	a	a	DET
faba-278	61	20	pattern	pattern	NOUN
faba-278	61	21	of	of	ADP
faba-278	61	22	recovery	recovery	NOUN
faba-278	61	23	in	in	ADP
faba-278	61	24	recent	recent	ADJ
faba-278	61	25	years	year	NOUN
faba-278	61	26	,	,	PUNCT
faba-278	61	27	demonstrating	demonstrate	VERB
faba-278	61	28	growth	growth	NOUN
faba-278	61	29	rates	rate	NOUN
faba-278	61	30	of	of	ADP
faba-278	61	31	4.9	4.9	NUM
faba-278	61	32	%	%	NOUN
faba-278	61	33	in	in	ADP
faba-278	61	34	2004	2004	NUM
faba-278	61	35	,	,	PUNCT
faba-278	61	36	5.8	5.8	NUM
faba-278	61	37	%	%	NOUN
faba-278	61	38	in	in	ADP
faba-278	61	39	2005	2005	NUM
faba-278	61	40	,	,	PUNCT
faba-278	61	41	and	and	CCONJ
faba-278	61	42	6.9	6.9	NUM
faba-278	61	43	%	%	NOUN
faba-278	61	44	in	in	ADP
faba-278	61	45	2006	2006	NUM
faba-278	61	46	.	.	PUNCT
faba-278	62	1	this	this	DET
faba-278	62	2	upward	upward	ADJ
faba-278	62	3	trajectory	trajectory	NOUN
faba-278	62	4	reflects	reflect	VERB
faba-278	62	5	positively	positively	ADV
faba-278	62	6	on	on	ADP
faba-278	62	7	the	the	DET
faba-278	62	8	sector	sector	NOUN
faba-278	62	9	's	's	PART
faba-278	62	10	overall	overall	ADJ
faba-278	62	11	financial	financial	ADJ
faba-278	62	12	performance	performance	NOUN
faba-278	62	13	during	during	ADP
faba-278	62	14	the	the	DET
faba-278	62	15	same	same	ADJ
faba-278	62	16	period	period	NOUN
faba-278	62	17	,	,	PUNCT
faba-278	62	18	an	an	DET
faba-278	62	19	indication	indication	NOUN
faba-278	62	20	of	of	ADP
faba-278	62	21	the	the	DET
faba-278	62	22	interconnectedness	interconnectedness	NOUN
faba-278	62	23	between	between	ADP
faba-278	62	24	manufacturing	manufacturing	NOUN
faba-278	62	25	activity	activity	NOUN
faba-278	62	26	and	and	CCONJ
faba-278	62	27	individual	individual	ADJ
faba-278	62	28	company	company	NOUN
faba-278	62	29	financial	financial	ADJ
faba-278	62	30	outcomes	outcome	NOUN
faba-278	62	31	.	.	PUNCT
faba-278	63	1	however	however	ADV
faba-278	63	2	,	,	PUNCT
faba-278	63	3	despite	despite	SCONJ
faba-278	63	4	these	these	DET
faba-278	63	5	initial	initial	ADJ
faba-278	63	6	gains	gain	NOUN
faba-278	63	7	,	,	PUNCT
faba-278	63	8	the	the	DET
faba-278	63	9	sector	sector	NOUN
faba-278	63	10	still	still	ADV
faba-278	63	11	experienced	experience	VERB
faba-278	63	12	fluctuations	fluctuation	NOUN
faba-278	63	13	.	.	PUNCT
faba-278	64	1	from	from	ADP
faba-278	64	2	6.85	6.85	NUM
faba-278	64	3	%	%	NOUN
faba-278	64	4	in	in	ADP
faba-278	64	5	2015	2015	NUM
faba-278	64	6	,	,	PUNCT
faba-278	64	7	it	it	PRON
faba-278	64	8	declined	decline	VERB
faba-278	64	9	to	to	ADP
faba-278	64	10	5.83	5.83	NUM
faba-278	64	11	%	%	NOUN
faba-278	64	12	in	in	ADP
faba-278	64	13	2016	2016	NUM
faba-278	64	14	and	and	CCONJ
faba-278	64	15	further	far	ADV
faba-278	64	16	to	to	ADP
faba-278	64	17	2.42	2.42	NUM
faba-278	64	18	%	%	NOUN
faba-278	64	19	in	in	ADP
faba-278	64	20	2017	2017	NUM
faba-278	64	21	.	.	PUNCT
faba-278	65	1	subsequently	subsequently	ADV
faba-278	65	2	,	,	PUNCT
faba-278	65	3	there	there	PRON
faba-278	65	4	was	be	VERB
faba-278	65	5	a	a	DET
faba-278	65	6	notable	notable	ADJ
faba-278	65	7	rebound	rebound	NOUN
faba-278	65	8	to	to	ADP
faba-278	65	9	9.65	9.65	NUM
faba-278	65	10	%	%	NOUN
faba-278	65	11	in	in	ADP
faba-278	65	12	2018	2018	NUM
faba-278	65	13	,	,	PUNCT
faba-278	65	14	followed	follow	VERB
faba-278	65	15	by	by	ADP
faba-278	65	16	a	a	DET
faba-278	65	17	setback	setback	NOUN
faba-278	65	18	to	to	ADP
faba-278	65	19	4.6	4.6	NUM
faba-278	65	20	%	%	NOUN
faba-278	65	21	in	in	ADP
faba-278	65	22	the	the	DET
faba-278	65	23	last	last	ADJ
faba-278	65	24	quarter	quarter	NOUN
faba-278	65	25	of	of	ADP
faba-278	65	26	2019	2019	NUM
faba-278	65	27	.	.	PUNCT
faba-278	66	1	the	the	DET
faba-278	66	2	year	year	NOUN
faba-278	66	3	2020	2020	NUM
faba-278	66	4	brought	bring	VERB
faba-278	66	5	unprecedented	unprecedented	ADJ
faba-278	66	6	challenges	challenge	NOUN
faba-278	66	7	,	,	PUNCT
faba-278	66	8	with	with	ADP
faba-278	66	9	kenya	kenya	PROPN
faba-278	66	10	recording	record	VERB
faba-278	66	11	a	a	DET
faba-278	66	12	negative	negative	ADJ
faba-278	66	13	growth	growth	NOUN
faba-278	66	14	of	of	ADP
faba-278	66	15	0.42	0.42	NUM
faba-278	66	16	%	%	NOUN
faba-278	66	17	attributed	attribute	VERB
faba-278	66	18	to	to	ADP
faba-278	66	19	adverse	adverse	ADJ
faba-278	66	20	impacts	impact	NOUN
faba-278	66	21	of	of	ADP
faba-278	66	22	the	the	DET
faba-278	66	23	covid-19	covid-19	PROPN
faba-278	66	24	scourge	scourge	NOUN
faba-278	66	25	.	.	PUNCT
faba-278	67	1	moreover	moreover	ADV
faba-278	67	2	,	,	PUNCT
faba-278	67	3	manufacturing	manufacture	VERB
faba-278	67	4	gdp	gdp	NOUN
faba-278	67	5	for	for	ADP
faba-278	67	6	kenya	kenya	PROPN
faba-278	67	7	has	have	AUX
faba-278	67	8	displayed	display	VERB
faba-278	67	9	a	a	DET
faba-278	67	10	concerning	concern	VERB
faba-278	67	11	trend	trend	NOUN
faba-278	67	12	of	of	ADP
faba-278	67	13	persistent	persistent	ADJ
faba-278	67	14	decline	decline	NOUN
faba-278	67	15	from	from	ADP
faba-278	67	16	2011	2011	NUM
faba-278	67	17	to	to	ADP
faba-278	67	18	2021	2021	NUM
faba-278	67	19	.	.	PUNCT
faba-278	68	1	starting	start	VERB
faba-278	68	2	at	at	ADP
faba-278	68	3	11.16	11.16	NUM
faba-278	68	4	%	%	NOUN
faba-278	68	5	in	in	ADP
faba-278	68	6	2011	2011	NUM
faba-278	68	7	,	,	PUNCT
faba-278	68	8	it	it	PRON
faba-278	68	9	gradually	gradually	ADV
faba-278	68	10	decreased	decrease	VERB
faba-278	68	11	to	to	ADP
faba-278	68	12	7.24	7.24	NUM
faba-278	68	13	%	%	NOUN
faba-278	68	14	in	in	ADP
faba-278	68	15	2021	2021	NUM
faba-278	68	16	,	,	PUNCT
faba-278	68	17	reaching	reach	VERB
faba-278	68	18	an	an	DET
faba-278	68	19	alarming	alarming	ADJ
faba-278	68	20	low	low	NOUN
faba-278	68	21	of	of	ADP
faba-278	68	22	3.7	3.7	NUM
faba-278	68	23	%	%	NOUN
faba-278	68	24	in	in	ADP
faba-278	68	25	the	the	DET
faba-278	68	26	fourth	fourth	ADJ
faba-278	68	27	quarter	quarter	NOUN
faba-278	68	28	of	of	ADP
faba-278	68	29	2022	2022	NUM
faba-278	68	30	(	(	PUNCT
faba-278	68	31	cbk	cbk	PROPN
faba-278	68	32	2023	2023	NUM
faba-278	68	33	)	)	PUNCT
faba-278	68	34	.	.	PUNCT
faba-278	69	1	these	these	DET
faba-278	69	2	statistics	statistic	NOUN
faba-278	69	3	underscore	underscore	VERB
faba-278	69	4	the	the	DET
faba-278	69	5	need	need	NOUN
faba-278	69	6	for	for	ADP
faba-278	69	7	strategic	strategic	ADJ
faba-278	69	8	interventions	intervention	NOUN
faba-278	69	9	to	to	PART
faba-278	69	10	revitalize	revitalize	VERB
faba-278	69	11	the	the	DET
faba-278	69	12	manufacturing	manufacturing	NOUN
faba-278	69	13	sector	sector	NOUN
faba-278	69	14	and	and	CCONJ
faba-278	69	15	mitigate	mitigate	VERB
faba-278	69	16	the	the	DET
faba-278	69	17	challenges	challenge	NOUN
faba-278	69	18	that	that	PRON
faba-278	69	19	have	have	AUX
faba-278	69	20	hampered	hamper	VERB
faba-278	69	21	its	its	PRON
faba-278	69	22	growth	growth	NOUN
faba-278	69	23	trajectory	trajectory	NOUN
faba-278	69	24	in	in	ADP
faba-278	69	25	recent	recent	ADJ
faba-278	69	26	years	year	NOUN
faba-278	69	27	.	.	PUNCT
faba-278	70	1	the	the	DET
faba-278	70	2	country	country	NOUN
faba-278	70	3	’s	’s	PART
faba-278	70	4	gdp	gdp	NOUN
faba-278	70	5	surged	surge	VERB
faba-278	70	6	by	by	ADP
faba-278	70	7	5	5	NUM
faba-278	70	8	percentages	percentage	NOUN
faba-278	70	9	in	in	ADP
faba-278	70	10	the	the	DET
faba-278	70	11	first	first	ADJ
faba-278	70	12	quarter	quarter	NOUN
faba-278	70	13	of	of	ADP
faba-278	70	14	2023	2023	NUM
faba-278	70	15	,	,	PUNCT
faba-278	70	16	marking	mark	VERB
faba-278	70	17	a	a	DET
faba-278	70	18	notable	notable	ADJ
faba-278	70	19	increase	increase	NOUN
faba-278	70	20	from	from	ADP
faba-278	70	21	the	the	DET
faba-278	70	22	4.2	4.2	NUM
faba-278	70	23	percent	percent	NOUN
faba-278	70	24	growth	growth	NOUN
faba-278	70	25	observed	observe	VERB
faba-278	70	26	during	during	ADP
faba-278	70	27	the	the	DET
faba-278	70	28	same	same	ADJ
faba-278	70	29	period	period	NOUN
faba-278	70	30	in	in	ADP
faba-278	70	31	2022	2022	NUM
faba-278	70	32	.	.	PUNCT
faba-278	71	1	this	this	DET
faba-278	71	2	upturn	upturn	NOUN
faba-278	71	3	signals	signal	VERB
faba-278	71	4	a	a	DET
faba-278	71	5	promising	promising	ADJ
faba-278	71	6	trajectory	trajectory	NOUN
faba-278	71	7	of	of	ADP
faba-278	71	8	economic	economic	ADJ
faba-278	71	9	recovery	recovery	NOUN
faba-278	71	10	,	,	PUNCT
faba-278	71	11	attributed	attribute	VERB
faba-278	71	12	to	to	ADP
faba-278	71	13	the	the	DET
faba-278	71	14	gradual	gradual	ADJ
faba-278	71	15	relaxation	relaxation	NOUN
faba-278	71	16	of	of	ADP
faba-278	71	17	containment	containment	NOUN
faba-278	71	18	measures	measure	NOUN
faba-278	71	19	aimed	aim	VERB
faba-278	71	20	at	at	ADP
faba-278	71	21	combating	combat	VERB
faba-278	71	22	the	the	DET
faba-278	71	23	spread	spread	NOUN
faba-278	71	24	of	of	ADP
faba-278	71	25	covid-19	covid-19	PROPN
faba-278	71	26	.	.	PUNCT
faba-278	72	1	notably	notably	ADV
faba-278	72	2	,	,	PUNCT
faba-278	72	3	key	key	ADJ
faba-278	72	4	sectors	sector	NOUN
faba-278	72	5	such	such	ADJ
faba-278	72	6	as	as	ADP
faba-278	72	7	food	food	NOUN
faba-278	72	8	service	service	NOUN
faba-278	72	9	,	,	PUNCT
faba-278	72	10	accommodation	accommodation	NOUN
faba-278	72	11	,	,	PUNCT
faba-278	72	12	and	and	CCONJ
faba-278	72	13	manufacturing	manufacturing	NOUN
faba-278	72	14	have	have	AUX
faba-278	72	15	exhibited	exhibit	VERB
faba-278	72	16	improved	improved	ADJ
faba-278	72	17	performance	performance	NOUN
faba-278	72	18	,	,	PUNCT
faba-278	72	19	contributing	contribute	VERB
faba-278	72	20	significantly	significantly	ADV
faba-278	72	21	to	to	ADP
faba-278	72	22	gdp	gdp	NOUN
faba-278	72	23	growth	growth	NOUN
faba-278	72	24	(	(	PUNCT
faba-278	72	25	natalie	natalie	PROPN
faba-278	72	26	2023	2023	NUM
faba-278	72	27	)	)	PUNCT
faba-278	72	28	.	.	PUNCT
faba-278	73	1	she	she	PRON
faba-278	73	2	continues	continue	VERB
faba-278	73	3	to	to	PART
faba-278	73	4	explain	explain	VERB
faba-278	73	5	that	that	SCONJ
faba-278	73	6	a	a	DET
faba-278	73	7	part	part	NOUN
faba-278	73	8	from	from	ADP
faba-278	73	9	the	the	DET
faba-278	73	10	direct	direct	ADJ
faba-278	73	11	contribution	contribution	NOUN
faba-278	73	12	to	to	ADP
faba-278	73	13	the	the	DET
faba-278	73	14	gdp	gdp	NOUN
faba-278	73	15	,	,	PUNCT
faba-278	73	16	the	the	DET
faba-278	73	17	sector	sector	NOUN
faba-278	73	18	offers	offer	VERB
faba-278	73	19	the	the	DET
faba-278	73	20	greatest	great	ADJ
faba-278	73	21	employment	employment	NOUN
faba-278	73	22	opportunities	opportunity	NOUN
faba-278	73	23	to	to	ADP
faba-278	73	24	the	the	DET
faba-278	73	25	citizenry	citizenry	NOUN
faba-278	73	26	hence	hence	ADV
faba-278	73	27	improvement	improvement	NOUN
faba-278	73	28	on	on	ADP
faba-278	73	29	social	social	ADJ
faba-278	73	30	living	living	NOUN
faba-278	73	31	due	due	ADP
faba-278	73	32	to	to	ADP
faba-278	73	33	the	the	DET
faba-278	73	34	generated	generate	VERB
faba-278	73	35	income	income	NOUN
faba-278	73	36	to	to	ADP
faba-278	73	37	households	household	NOUN
faba-278	73	38	.	.	PUNCT
faba-278	74	1	the	the	DET
faba-278	74	2	collapse	collapse	NOUN
faba-278	74	3	of	of	ADP
faba-278	74	4	the	the	DET
faba-278	74	5	sector	sector	NOUN
faba-278	74	6	means	mean	VERB
faba-278	74	7	loss	loss	NOUN
faba-278	74	8	of	of	ADP
faba-278	74	9	income	income	NOUN
faba-278	74	10	thus	thus	ADV
faba-278	74	11	impacting	impact	VERB
faba-278	74	12	heavily	heavily	ADV
faba-278	74	13	to	to	ADP
faba-278	74	14	income	income	NOUN
faba-278	74	15	earners	earner	NOUN
faba-278	74	16	.	.	PUNCT
faba-278	75	1	such	such	ADJ
faba-278	75	2	may	may	AUX
faba-278	75	3	lead	lead	VERB
faba-278	75	4	to	to	ADP
faba-278	75	5	social	social	ADJ
faba-278	75	6	vices	vice	NOUN
faba-278	75	7	like	like	ADP
faba-278	75	8	stealing	stealing	NOUN
faba-278	75	9	,	,	PUNCT
faba-278	75	10	prostitution	prostitution	NOUN
faba-278	75	11	,	,	PUNCT
faba-278	75	12	corruption	corruption	NOUN
faba-278	75	13	negative	negative	ADJ
faba-278	75	14	impact	impact	NOUN
faba-278	75	15	on	on	ADP
faba-278	75	16	mental	mental	ADJ
faba-278	75	17	health	health	NOUN
faba-278	75	18	,	,	PUNCT
faba-278	75	19	satisfaction	satisfaction	NOUN
faba-278	75	20	over	over	ADP
faba-278	75	21	life	life	NOUN
faba-278	75	22	,	,	PUNCT
faba-278	75	23	economic	economic	ADJ
faba-278	75	24	resources	resource	NOUN
faba-278	75	25	access	access	NOUN
faba-278	75	26	and	and	CCONJ
faba-278	75	27	social	social	ADJ
faba-278	75	28	integration	integration	NOUN
faba-278	75	29	(	(	PUNCT
faba-278	75	30	kariuki	kariuki	PROPN
faba-278	75	31	2018	2018	NUM
faba-278	75	32	)	)	PUNCT
faba-278	75	33	.	.	PUNCT
faba-278	76	1	he	he	PRON
faba-278	76	2	continues	continue	VERB
faba-278	76	3	to	to	PART
faba-278	76	4	opine	opine	VERB
faba-278	76	5	that	that	SCONJ
faba-278	76	6	,	,	PUNCT
faba-278	76	7	the	the	DET
faba-278	76	8	said	say	VERB
faba-278	76	9	condition	condition	NOUN
faba-278	76	10	as	as	ADV
faba-278	76	11	far	far	ADV
faba-278	76	12	as	as	SCONJ
faba-278	76	13	declining	decline	VERB
faba-278	76	14	industries	industry	NOUN
faba-278	76	15	is	be	AUX
faba-278	76	16	concerned	concern	VERB
faba-278	76	17	often	often	ADV
faba-278	76	18	affect	affect	VERB
faba-278	76	19	the	the	DET
faba-278	76	20	economy	economy	NOUN
faba-278	76	21	significantly	significantly	ADV
faba-278	76	22	in	in	ADP
faba-278	76	23	forms	form	NOUN
faba-278	76	24	including	include	VERB
faba-278	76	25	job	job	NOUN
faba-278	76	26	losses	loss	NOUN
faba-278	76	27	,	,	PUNCT
faba-278	76	28	decreased	decrease	VERB
faba-278	76	29	government	government	NOUN
faba-278	76	30	revenues	revenue	NOUN
faba-278	76	31	,	,	PUNCT
faba-278	76	32	and	and	CCONJ
faba-278	76	33	impacts	impact	NOUN
faba-278	76	34	negatively	negatively	ADV
faba-278	76	35	on	on	ADP
faba-278	76	36	related	related	ADJ
faba-278	76	37	industries	industry	NOUN
faba-278	76	38	.	.	PUNCT
faba-278	77	1	as	as	ADP
faba-278	77	2	per	per	ADP
faba-278	77	3	the	the	DET
faba-278	77	4	economic	economic	ADJ
faba-278	77	5	survey	survey	NOUN
faba-278	77	6	of	of	ADP
faba-278	77	7	2019	2019	NUM
faba-278	77	8	,	,	PUNCT
faba-278	77	9	a	a	DET
faba-278	77	10	6.3	6.3	NUM
faba-278	77	11	economy	economy	NOUN
faba-278	77	12	expansion	expansion	NOUN
faba-278	77	13	for	for	ADP
faba-278	77	14	the	the	DET
faba-278	77	15	country	country	NOUN
faba-278	77	16	was	be	AUX
faba-278	77	17	registered	register	VERB
faba-278	77	18	in	in	ADP
faba-278	77	19	2018	2018	NUM
faba-278	77	20	,	,	PUNCT
faba-278	77	21	largely	largely	ADV
faba-278	77	22	propelled	propel	VERB
faba-278	77	23	by	by	ADP
faba-278	77	24	notable	notable	ADJ
faba-278	77	25	growth	growth	NOUN
faba-278	77	26	in	in	ADP
faba-278	77	27	the	the	DET
faba-278	77	28	agriculture	agriculture	NOUN
faba-278	77	29	,	,	PUNCT
faba-278	77	30	manufacturing	manufacturing	NOUN
faba-278	77	31	,	,	PUNCT
faba-278	77	32	and	and	CCONJ
faba-278	77	33	transport	transport	NOUN
faba-278	77	34	sectors	sector	NOUN
faba-278	77	35	.	.	PUNCT
faba-278	78	1	this	this	PRON
faba-278	78	2	marked	mark	VERB
faba-278	78	3	a	a	DET
faba-278	78	4	significant	significant	ADJ
faba-278	78	5	improvement	improvement	NOUN
faba-278	78	6	from	from	ADP
faba-278	78	7	the	the	DET
faba-278	78	8	4.7	4.7	NUM
faba-278	78	9	percent	percent	NOUN
faba-278	78	10	growth	growth	NOUN
faba-278	78	11	registered	register	VERB
faba-278	78	12	in	in	ADP
faba-278	78	13	2017	2017	NUM
faba-278	78	14	,	,	PUNCT
faba-278	78	15	the	the	DET
faba-278	78	16	lowest	low	ADJ
faba-278	78	17	in	in	ADP
faba-278	78	18	five	five	NUM
faba-278	78	19	years	year	NOUN
faba-278	78	20	.	.	PUNCT
faba-278	79	1	particularly	particularly	ADV
faba-278	79	2	impressive	impressive	ADJ
faba-278	79	3	was	be	AUX
faba-278	79	4	the	the	DET
faba-278	79	5	manufacturing	manufacturing	NOUN
faba-278	79	6	sector	sector	NOUN
faba-278	79	7	's	's	PART
faba-278	79	8	growth	growth	NOUN
faba-278	79	9	,	,	PUNCT
faba-278	79	10	which	which	PRON
faba-278	79	11	surged	surge	VERB
faba-278	79	12	from	from	ADP
faba-278	79	13	0.5	0.5	NUM
faba-278	79	14	percent	percent	NOUN
faba-278	79	15	in	in	ADP
faba-278	79	16	2017	2017	NUM
faba-278	79	17	to	to	PART
faba-278	79	18	4.2	4.2	NUM
faba-278	79	19	percent	percent	NOUN
faba-278	79	20	in	in	ADP
faba-278	79	21	2018	2018	NUM
faba-278	79	22	,	,	PUNCT
faba-278	79	23	signaling	signal	VERB
faba-278	79	24	a	a	DET
faba-278	79	25	robust	robust	ADJ
faba-278	79	26	rebound	rebound	NOUN
faba-278	79	27	.	.	PUNCT
faba-278	80	1	the	the	DET
faba-278	80	2	diverse	diverse	ADJ
faba-278	80	3	financial	financial	ADJ
faba-278	80	4	performance	performance	NOUN
faba-278	80	5	observed	observe	VERB
faba-278	80	6	among	among	ADP
faba-278	80	7	manufacturing	manufacturing	NOUN
faba-278	80	8	and	and	CCONJ
faba-278	80	9	allied	allied	ADJ
faba-278	80	10	firms	firm	NOUN
faba-278	80	11	in	in	ADP
faba-278	80	12	kenya	kenya	PROPN
faba-278	80	13	during	during	ADP
faba-278	80	14	this	this	DET
faba-278	80	15	period	period	NOUN
faba-278	80	16	can	can	AUX
faba-278	80	17	not	not	PART
faba-278	80	18	solely	solely	ADV
faba-278	80	19	be	be	AUX
faba-278	80	20	attributed	attribute	VERB
faba-278	80	21	to	to	ADP
faba-278	80	22	capital	capital	NOUN
faba-278	80	23	structure	structure	NOUN
faba-278	80	24	decisions	decision	NOUN
faba-278	80	25	for	for	ADP
faba-278	80	26	financing	financing	NOUN
faba-278	80	27	operations	operation	NOUN
faba-278	80	28	.	.	PUNCT
faba-278	81	1	instead	instead	ADV
faba-278	81	2	,	,	PUNCT
faba-278	81	3	it	it	PRON
faba-278	81	4	was	be	AUX
faba-278	81	5	largely	largely	ADV
faba-278	81	6	influenced	influence	VERB
faba-278	81	7	by	by	ADP
faba-278	81	8	government	government	NOUN
faba-278	81	9	tax	tax	NOUN
faba-278	81	10	waivers	waiver	NOUN
faba-278	81	11	and	and	CCONJ
faba-278	81	12	subsequent	subsequent	ADJ
faba-278	81	13	reductions	reduction	NOUN
faba-278	81	14	in	in	ADP
faba-278	81	15	production	production	NOUN
faba-278	81	16	costs	cost	NOUN
faba-278	81	17	(	(	PUNCT
faba-278	81	18	deloitte	deloitte	PROPN
faba-278	81	19	touche	touche	PROPN
faba-278	81	20	2019	2019	NUM
faba-278	81	21	)	)	PUNCT
faba-278	81	22	.	.	PUNCT
faba-278	82	1	moving	move	VERB
faba-278	82	2	forward	forward	ADV
faba-278	82	3	to	to	ADP
faba-278	82	4	2021	2021	NUM
faba-278	82	5	,	,	PUNCT
faba-278	82	6	the	the	DET
faba-278	82	7	manufacturing	manufacturing	NOUN
faba-278	82	8	sector	sector	NOUN
faba-278	82	9	demonstrated	demonstrate	VERB
faba-278	82	10	resilience	resilience	NOUN
faba-278	82	11	with	with	ADP
faba-278	82	12	a	a	DET
faba-278	82	13	real	real	ADJ
faba-278	82	14	value	value	NOUN
faba-278	82	15	-	-	PUNCT
faba-278	82	16	added	add	VERB
faba-278	82	17	growth	growth	NOUN
faba-278	82	18	of	of	ADP
faba-278	82	19	6.9	6.9	NUM
faba-278	82	20	percent	percent	NOUN
faba-278	82	21	,	,	PUNCT
faba-278	82	22	a	a	DET
faba-278	82	23	notable	notable	ADJ
faba-278	82	24	recovery	recovery	NOUN
faba-278	82	25	from	from	ADP
faba-278	82	26	the	the	DET
faba-278	82	27	negative	negative	ADJ
faba-278	82	28	0.4	0.4	NUM
faba-278	82	29	percent	percent	NOUN
faba-278	82	30	recorded	record	VERB
faba-278	82	31	in	in	ADP
faba-278	82	32	2020	2020	NUM
faba-278	82	33	.	.	PUNCT
faba-278	83	1	during	during	ADP
faba-278	83	2	this	this	DET
faba-278	83	3	period	period	NOUN
faba-278	83	4	,	,	PUNCT
faba-278	83	5	the	the	DET
faba-278	83	6	manufacturing	manufacturing	NOUN
faba-278	83	7	sector	sector	NOUN
faba-278	83	8	contributed	contribute	VERB
faba-278	83	9	7.2	7.2	NUM
faba-278	83	10	percent	percent	NOUN
faba-278	83	11	to	to	ADP
faba-278	83	12	gdp	gdp	NOUN
faba-278	83	13	,	,	PUNCT
faba-278	83	14	accompanied	accompany	VERB
faba-278	83	15	by	by	ADP
faba-278	83	16	a	a	DET
faba-278	83	17	commendable	commendable	ADJ
faba-278	83	18	6.0	6.0	NUM
faba-278	83	19	percent	percent	NOUN
faba-278	83	20	expansion	expansion	NOUN
faba-278	83	21	in	in	ADP
faba-278	83	22	output	output	NOUN
faba-278	83	23	volume	volume	NOUN
faba-278	83	24	(	(	PUNCT
faba-278	83	25	economic	economic	ADJ
faba-278	83	26	outlook	outlook	NOUN
faba-278	83	27	2023	2023	NUM
faba-278	83	28	)	)	PUNCT
faba-278	83	29	.	.	PUNCT
faba-278	84	1	such	such	ADJ
faba-278	84	2	trends	trend	NOUN
faba-278	84	3	affected	affect	VERB
faba-278	84	4	grossly	grossly	ADV
faba-278	84	5	the	the	DET
faba-278	84	6	pivotal	pivotal	ADJ
faba-278	84	7	role	role	NOUN
faba-278	84	8	of	of	ADP
faba-278	84	9	the	the	DET
faba-278	84	10	sector	sector	NOUN
faba-278	84	11	and	and	CCONJ
faba-278	84	12	the	the	DET
faba-278	84	13	entire	entire	ADJ
faba-278	84	14	industry	industry	NOUN
faba-278	84	15	in	in	ADP
faba-278	84	16	an	an	DET
faba-278	84	17	economic	economic	ADJ
faba-278	84	18	growth	growth	NOUN
faba-278	84	19	drive	drive	NOUN
faba-278	84	20	.	.	PUNCT
faba-278	85	1	in	in	ADP
faba-278	85	2	his	his	PRON
faba-278	85	3	seminal	seminal	ADJ
faba-278	85	4	work	work	NOUN
faba-278	85	5	on	on	ADP
faba-278	85	6	firms	firm	NOUN
faba-278	85	7	'	'	PART
faba-278	85	8	financial	financial	ADJ
faba-278	85	9	performance	performance	NOUN
faba-278	85	10	determinants	determinant	NOUN
faba-278	85	11	,	,	PUNCT
faba-278	85	12	ebaid	ebaid	PROPN
faba-278	85	13	(	(	PUNCT
faba-278	85	14	2018	2018	NUM
faba-278	85	15	)	)	PUNCT
faba-278	85	16	performed	perform	VERB
faba-278	85	17	an	an	DET
faba-278	85	18	assessment	assessment	NOUN
faba-278	85	19	analyzing	analyze	VERB
faba-278	85	20	the	the	DET
faba-278	85	21	outcome	outcome	NOUN
faba-278	85	22	of	of	ADP
faba-278	85	23	capital	capital	NOUN
faba-278	85	24	structure	structure	NOUN
faba-278	85	25	decisions	decision	NOUN
faba-278	85	26	over	over	ADP
faba-278	85	27	egyptian	egyptian	ADJ
faba-278	85	28	companies	company	NOUN
faba-278	85	29	,	,	PUNCT
faba-278	85	30	prominent	prominent	ADJ
faba-278	85	31	economic	economic	ADJ
faba-278	85	32	force	force	NOUN
faba-278	85	33	in	in	ADP
faba-278	85	34	northern	northern	ADJ
faba-278	85	35	region	region	NOUN
faba-278	85	36	of	of	ADP
faba-278	85	37	africa	africa	PROPN
faba-278	85	38	.	.	PUNCT
faba-278	86	1	the	the	DET
faba-278	86	2	research	research	NOUN
faba-278	86	3	spanned	span	VERB
faba-278	86	4	from	from	ADP
faba-278	86	5	1997	1997	NUM
faba-278	86	6	to	to	ADP
faba-278	86	7	2005	2005	NUM
faba-278	86	8	and	and	CCONJ
faba-278	86	9	focused	focus	VERB
faba-278	86	10	on	on	ADP
faba-278	86	11	non	non	ADJ
faba-278	86	12	-	-	ADJ
faba-278	86	13	financial	financial	ADJ
faba-278	86	14	quoted	quote	VERB
faba-278	86	15	companies	company	NOUN
faba-278	86	16	across	across	ADP
faba-278	86	17	ten	ten	NUM
faba-278	86	18	distinct	distinct	ADJ
faba-278	86	19	industries	industry	NOUN
faba-278	86	20	,	,	PUNCT
faba-278	86	21	comprising	comprise	VERB
faba-278	86	22	a	a	DET
faba-278	86	23	sample	sample	NOUN
faba-278	86	24	of	of	ADP
faba-278	86	25	sixty	sixty	NUM
faba-278	86	26	-	-	PUNCT
faba-278	86	27	four	four	NUM
faba-278	86	28	firms	firm	NOUN
faba-278	86	29	.	.	PUNCT
faba-278	87	1	ebaid	ebaid	PROPN
faba-278	87	2	's	's	PART
faba-278	87	3	study	study	NOUN
faba-278	87	4	utilized	utilize	VERB
faba-278	87	5	(	(	PUNCT
faba-278	87	6	roe	roe	NOUN
faba-278	87	7	)	)	PUNCT
faba-278	87	8	and	and	CCONJ
faba-278	87	9	gross	gross	ADJ
faba-278	87	10	profit	profit	NOUN
faba-278	87	11	margin	margin	NOUN
faba-278	87	12	as	as	SCONJ
faba-278	87	13	metrics	metric	NOUN
faba-278	87	14	to	to	PART
faba-278	87	15	gauge	gauge	VERB
faba-278	87	16	companies	company	NOUN
faba-278	87	17	'	'	PART
faba-278	87	18	profitability	profitability	NOUN
faba-278	87	19	,	,	PUNCT
faba-278	87	20	employing	employ	VERB
faba-278	87	21	multiple	multiple	ADJ
faba-278	87	22	regression	regression	NOUN
faba-278	87	23	analysis	analysis	NOUN
faba-278	87	24	as	as	ADP
faba-278	87	25	the	the	DET
faba-278	87	26	primary	primary	ADJ
faba-278	87	27	methodology	methodology	NOUN
faba-278	87	28	.	.	PUNCT
faba-278	88	1	however	however	ADV
faba-278	88	2	,	,	PUNCT
faba-278	88	3	it	it	PRON
faba-278	88	4	overlooked	overlook	VERB
faba-278	88	5	the	the	DET
faba-278	88	6	inclusion	inclusion	NOUN
faba-278	88	7	of	of	ADP
faba-278	88	8	roa	roa	PROPN
faba-278	88	9	,	,	PUNCT
faba-278	88	10	a	a	DET
faba-278	88	11	critical	critical	ADJ
faba-278	88	12	indicator	indicator	NOUN
faba-278	88	13	in	in	ADP
faba-278	88	14	assessing	assess	VERB
faba-278	88	15	a.	a.	NOUN
faba-278	88	16	j.	j.	PROPN
faba-278	88	17	lumbasio	lumbasio	PROPN
faba-278	88	18	,	,	PUNCT
faba-278	88	19	m.	m.	NOUN
faba-278	88	20	onsiro	onsiro	NOUN
faba-278	88	21	and	and	CCONJ
faba-278	88	22	i.	i.	PROPN
faba-278	88	23	abuga	abuga	PROPN
faba-278	88	24	/	/	SYM
faba-278	88	25	finance	finance	NOUN
faba-278	88	26	,	,	PUNCT
faba-278	88	27	accounting	accounting	NOUN
faba-278	88	28	and	and	CCONJ
faba-278	88	29	business	business	NOUN
faba-278	88	30	analysis	analysis	NOUN
faba-278	88	31	,	,	PUNCT
faba-278	88	32	volume	volume	NOUN
faba-278	88	33	7	7	NUM
faba-278	88	34	,	,	PUNCT
faba-278	88	35	issue	issue	NOUN
faba-278	88	36	2	2	NUM
faba-278	88	37	,	,	PUNCT
faba-278	88	38	2025	2025	NUM
faba-278	88	39	286	286	NUM
faba-278	88	40	companies	company	NOUN
faba-278	88	41	'	'	PART
faba-278	88	42	financial	financial	ADJ
faba-278	88	43	performance	performance	NOUN
faba-278	88	44	.	.	PUNCT
faba-278	89	1	most	most	ADJ
faba-278	89	2	research	research	NOUN
faba-278	89	3	works	work	NOUN
faba-278	89	4	have	have	AUX
faba-278	89	5	been	be	AUX
faba-278	89	6	conducted	conduct	VERB
faba-278	89	7	but	but	CCONJ
faba-278	89	8	all	all	PRON
faba-278	89	9	have	have	AUX
faba-278	89	10	come	come	VERB
faba-278	89	11	up	up	ADP
faba-278	89	12	with	with	ADP
faba-278	89	13	mixed	mixed	ADJ
faba-278	89	14	reasons	reason	NOUN
faba-278	89	15	as	as	ADP
faba-278	89	16	to	to	ADP
faba-278	89	17	why	why	SCONJ
faba-278	89	18	firms	firm	NOUN
faba-278	89	19	may	may	AUX
faba-278	89	20	not	not	PART
faba-278	89	21	reach	reach	VERB
faba-278	89	22	their	their	PRON
faba-278	89	23	optimal	optimal	ADJ
faba-278	89	24	performance	performance	NOUN
faba-278	89	25	.	.	PUNCT
faba-278	90	1	many	many	ADJ
faba-278	90	2	of	of	ADP
faba-278	90	3	the	the	DET
faba-278	90	4	researches	research	NOUN
faba-278	90	5	have	have	AUX
faba-278	90	6	not	not	PART
faba-278	90	7	expounded	expound	VERB
faba-278	90	8	on	on	ADP
faba-278	90	9	capital	capital	NOUN
faba-278	90	10	structure	structure	NOUN
faba-278	90	11	as	as	ADP
faba-278	90	12	one	one	NUM
faba-278	90	13	of	of	ADP
faba-278	90	14	the	the	DET
faba-278	90	15	reasons	reason	NOUN
faba-278	90	16	,	,	PUNCT
faba-278	90	17	but	but	CCONJ
faba-278	90	18	instead	instead	ADV
faba-278	90	19	delved	delve	VERB
faba-278	90	20	in	in	ADP
faba-278	90	21	other	other	ADJ
faba-278	90	22	parameters	parameter	NOUN
faba-278	90	23	such	such	ADJ
faba-278	90	24	as	as	ADP
faba-278	90	25	multiple	multiple	ADJ
faba-278	90	26	taxation	taxation	NOUN
faba-278	90	27	and	and	CCONJ
faba-278	90	28	cost	cost	NOUN
faba-278	90	29	of	of	ADP
faba-278	90	30	production	production	NOUN
faba-278	90	31	among	among	ADP
faba-278	90	32	many	many	ADJ
faba-278	90	33	others	other	NOUN
faba-278	90	34	.	.	PUNCT
faba-278	91	1	building	build	VERB
faba-278	91	2	upon	upon	SCONJ
faba-278	91	3	such	such	ADJ
faba-278	91	4	gap	gap	NOUN
faba-278	91	5	,	,	PUNCT
faba-278	91	6	present	present	ADJ
faba-278	91	7	study	study	NOUN
faba-278	91	8	is	be	AUX
faba-278	91	9	to	to	PART
faba-278	91	10	investigate	investigate	VERB
faba-278	91	11	preference	preference	NOUN
faba-278	91	12	share	share	NOUN
faba-278	91	13	capital	capital	NOUN
faba-278	91	14	in	in	ADP
faba-278	91	15	relation	relation	NOUN
faba-278	91	16	to	to	ADP
faba-278	91	17	a	a	DET
faba-278	91	18	firm	firm	NOUN
faba-278	91	19	’s	’s	PART
faba-278	91	20	financial	financial	ADJ
faba-278	91	21	performance	performance	NOUN
faba-278	91	22	specifically	specifically	ADV
faba-278	91	23	within	within	ADP
faba-278	91	24	manufacturing	manufacturing	NOUN
faba-278	91	25	and	and	CCONJ
faba-278	91	26	allied	ally	VERB
faba-278	91	27	sectors	sector	NOUN
faba-278	91	28	listed	list	VERB
faba-278	91	29	on	on	ADP
faba-278	91	30	the	the	DET
faba-278	91	31	kenya	kenya	PROPN
faba-278	91	32	’s	’s	PART
faba-278	91	33	securities	security	NOUN
faba-278	91	34	market	market	NOUN
faba-278	91	35	.	.	PUNCT
faba-278	92	1	by	by	ADP
faba-278	92	2	addressing	address	VERB
faba-278	92	3	such	such	DET
faba-278	92	4	a	a	DET
faba-278	92	5	gap	gap	NOUN
faba-278	92	6	in	in	ADP
faba-278	92	7	literature	literature	NOUN
faba-278	92	8	,	,	PUNCT
faba-278	92	9	the	the	DET
faba-278	92	10	exercise	exercise	NOUN
faba-278	92	11	endeavored	endeavor	VERB
faba-278	92	12	in	in	ADP
faba-278	92	13	offering	offer	VERB
faba-278	92	14	comprehensive	comprehensive	ADJ
faba-278	92	15	insights	insight	NOUN
faba-278	92	16	on	on	ADP
faba-278	92	17	the	the	DET
faba-278	92	18	intricate	intricate	ADJ
faba-278	92	19	dynamics	dynamic	NOUN
faba-278	92	20	shaping	shape	VERB
faba-278	92	21	firms	firm	NOUN
faba-278	92	22	'	'	PART
faba-278	92	23	financial	financial	ADJ
faba-278	92	24	performance	performance	NOUN
faba-278	92	25	within	within	ADP
faba-278	92	26	the	the	DET
faba-278	92	27	kenyan	kenyan	ADJ
faba-278	92	28	context	context	NOUN
faba-278	92	29	.	.	PUNCT
faba-278	93	1	literature	literature	NOUN
faba-278	93	2	review	review	NOUN
faba-278	93	3	in	in	ADP
faba-278	93	4	understanding	understand	VERB
faba-278	93	5	the	the	DET
faba-278	93	6	influence	influence	NOUN
faba-278	93	7	of	of	ADP
faba-278	93	8	preference	preference	NOUN
faba-278	93	9	share	share	NOUN
faba-278	93	10	capital	capital	NOUN
faba-278	93	11	on	on	ADP
faba-278	93	12	the	the	DET
faba-278	93	13	financial	financial	ADJ
faba-278	93	14	performance	performance	NOUN
faba-278	93	15	of	of	ADP
faba-278	93	16	listed	list	VERB
faba-278	93	17	manufacturing	manufacturing	NOUN
faba-278	93	18	and	and	CCONJ
faba-278	93	19	allied	allied	ADJ
faba-278	93	20	firms	firm	NOUN
faba-278	93	21	in	in	ADP
faba-278	93	22	kenya	kenya	PROPN
faba-278	93	23	,	,	PUNCT
faba-278	93	24	it	it	PRON
faba-278	93	25	is	be	AUX
faba-278	93	26	essential	essential	ADJ
faba-278	93	27	to	to	PART
faba-278	93	28	ground	ground	VERB
faba-278	93	29	the	the	DET
faba-278	93	30	analysis	analysis	NOUN
faba-278	93	31	in	in	ADP
faba-278	93	32	key	key	ADJ
faba-278	93	33	theories	theory	NOUN
faba-278	93	34	of	of	ADP
faba-278	93	35	capital	capital	NOUN
faba-278	93	36	structure	structure	NOUN
faba-278	93	37	and	and	CCONJ
faba-278	93	38	corporate	corporate	ADJ
faba-278	93	39	governance	governance	NOUN
faba-278	93	40	.	.	PUNCT
faba-278	94	1	this	this	DET
faba-278	94	2	section	section	NOUN
faba-278	94	3	reviews	review	VERB
faba-278	94	4	the	the	DET
faba-278	94	5	modigliani	modigliani	PROPN
faba-278	94	6	-	-	PUNCT
faba-278	94	7	miller	miller	PROPN
faba-278	94	8	theory	theory	NOUN
faba-278	94	9	and	and	CCONJ
faba-278	94	10	stakeholder	stakeholder	NOUN
faba-278	94	11	theory	theory	NOUN
faba-278	94	12	,	,	PUNCT
faba-278	94	13	with	with	ADP
faba-278	94	14	an	an	DET
faba-278	94	15	emphasis	emphasis	NOUN
faba-278	94	16	on	on	ADP
faba-278	94	17	how	how	SCONJ
faba-278	94	18	these	these	DET
faba-278	94	19	frameworks	framework	NOUN
faba-278	94	20	explain	explain	VERB
faba-278	94	21	the	the	DET
faba-278	94	22	use	use	NOUN
faba-278	94	23	and	and	CCONJ
faba-278	94	24	implications	implication	NOUN
faba-278	94	25	of	of	ADP
faba-278	94	26	preference	preference	NOUN
faba-278	94	27	share	share	NOUN
faba-278	94	28	capital	capital	NOUN
faba-278	94	29	.	.	PUNCT
faba-278	95	1	the	the	DET
faba-278	95	2	modiglianimiller	modiglianimiller	NOUN
faba-278	95	3	(	(	PUNCT
faba-278	95	4	mm	mm	NOUN
faba-278	95	5	)	)	PUNCT
faba-278	95	6	theory	theory	NOUN
faba-278	95	7	,	,	PUNCT
faba-278	95	8	introduced	introduce	VERB
faba-278	95	9	by	by	ADP
faba-278	95	10	modigliani	modigliani	PROPN
faba-278	95	11	and	and	CCONJ
faba-278	95	12	miller	miller	PROPN
faba-278	95	13	(	(	PUNCT
faba-278	95	14	1958	1958	NUM
faba-278	95	15	)	)	PUNCT
faba-278	95	16	,	,	PUNCT
faba-278	95	17	remains	remain	VERB
faba-278	95	18	foundational	foundational	ADJ
faba-278	95	19	in	in	ADP
faba-278	95	20	the	the	DET
faba-278	95	21	study	study	NOUN
faba-278	95	22	of	of	ADP
faba-278	95	23	capital	capital	NOUN
faba-278	95	24	structure	structure	NOUN
faba-278	95	25	.	.	PUNCT
faba-278	96	1	their	their	PRON
faba-278	96	2	first	first	ADJ
faba-278	96	3	proposition	proposition	NOUN
faba-278	96	4	asserts	assert	VERB
faba-278	96	5	that	that	SCONJ
faba-278	96	6	under	under	ADP
faba-278	96	7	conditions	condition	NOUN
faba-278	96	8	of	of	ADP
faba-278	96	9	perfect	perfect	ADJ
faba-278	96	10	capital	capital	NOUN
faba-278	96	11	markets	market	NOUN
faba-278	96	12	—	—	PUNCT
faba-278	96	13	with	with	ADP
faba-278	96	14	no	no	DET
faba-278	96	15	taxes	taxis	NOUN
faba-278	96	16	,	,	PUNCT
faba-278	96	17	transaction	transaction	NOUN
faba-278	96	18	costs	cost	NOUN
faba-278	96	19	,	,	PUNCT
faba-278	96	20	or	or	CCONJ
faba-278	96	21	bankruptcy	bankruptcy	NOUN
faba-278	96	22	costs	cost	NOUN
faba-278	96	23	,	,	PUNCT
faba-278	96	24	the	the	DET
faba-278	96	25	value	value	NOUN
faba-278	96	26	of	of	ADP
faba-278	96	27	a	a	DET
faba-278	96	28	firm	firm	NOUN
faba-278	96	29	is	be	AUX
faba-278	96	30	independent	independent	ADJ
faba-278	96	31	of	of	ADP
faba-278	96	32	its	its	PRON
faba-278	96	33	capital	capital	NOUN
faba-278	96	34	structure	structure	NOUN
faba-278	96	35	.	.	PUNCT
faba-278	97	1	in	in	ADP
faba-278	97	2	essence	essence	NOUN
faba-278	97	3	,	,	PUNCT
faba-278	97	4	how	how	SCONJ
faba-278	97	5	a	a	DET
faba-278	97	6	firm	firm	NOUN
faba-278	97	7	finances	finance	VERB
faba-278	97	8	its	its	PRON
faba-278	97	9	operations	operation	NOUN
faba-278	97	10	(	(	PUNCT
faba-278	97	11	through	through	ADP
faba-278	97	12	debt	debt	NOUN
faba-278	97	13	,	,	PUNCT
faba-278	97	14	equity	equity	NOUN
faba-278	97	15	,	,	PUNCT
faba-278	97	16	or	or	CCONJ
faba-278	97	17	preference	preference	NOUN
faba-278	97	18	shares	share	NOUN
faba-278	97	19	)	)	PUNCT
faba-278	97	20	does	do	AUX
faba-278	97	21	not	not	PART
faba-278	97	22	affect	affect	VERB
faba-278	97	23	its	its	PRON
faba-278	97	24	market	market	NOUN
faba-278	97	25	value	value	NOUN
faba-278	97	26	.	.	PUNCT
faba-278	98	1	this	this	DET
faba-278	98	2	proposition	proposition	NOUN
faba-278	98	3	is	be	AUX
faba-278	98	4	particularly	particularly	ADV
faba-278	98	5	useful	useful	ADJ
faba-278	98	6	in	in	ADP
faba-278	98	7	analyzing	analyze	VERB
faba-278	98	8	preference	preference	NOUN
faba-278	98	9	share	share	NOUN
faba-278	98	10	capital	capital	NOUN
faba-278	98	11	,	,	PUNCT
faba-278	98	12	as	as	SCONJ
faba-278	98	13	it	it	PRON
faba-278	98	14	raises	raise	VERB
faba-278	98	15	the	the	DET
faba-278	98	16	question	question	NOUN
faba-278	98	17	of	of	ADP
faba-278	98	18	whether	whether	SCONJ
faba-278	98	19	financing	finance	VERB
faba-278	98	20	through	through	ADP
faba-278	98	21	such	such	ADJ
faba-278	98	22	instruments	instrument	NOUN
faba-278	98	23	actually	actually	ADV
faba-278	98	24	enhances	enhance	VERB
faba-278	98	25	firm	firm	ADJ
faba-278	98	26	performance	performance	NOUN
faba-278	98	27	.	.	PUNCT
faba-278	99	1	however	however	ADV
faba-278	99	2	,	,	PUNCT
faba-278	99	3	mm	mm	PROPN
faba-278	99	4	’s	’s	PART
faba-278	99	5	second	second	ADJ
faba-278	99	6	proposition	proposition	NOUN
faba-278	99	7	introduces	introduce	VERB
faba-278	99	8	the	the	DET
faba-278	99	9	role	role	NOUN
faba-278	99	10	of	of	ADP
faba-278	99	11	cost	cost	NOUN
faba-278	99	12	of	of	ADP
faba-278	99	13	capital	capital	NOUN
faba-278	99	14	and	and	CCONJ
faba-278	99	15	shows	show	VERB
faba-278	99	16	that	that	SCONJ
faba-278	99	17	in	in	ADP
faba-278	99	18	a	a	DET
faba-278	99	19	world	world	NOUN
faba-278	99	20	with	with	ADP
faba-278	99	21	corporate	corporate	ADJ
faba-278	99	22	taxes	taxis	NOUN
faba-278	99	23	,	,	PUNCT
faba-278	99	24	debt	debt	NOUN
faba-278	99	25	(	(	PUNCT
faba-278	99	26	and	and	CCONJ
faba-278	99	27	by	by	ADP
faba-278	99	28	extension	extension	NOUN
faba-278	99	29	,	,	PUNCT
faba-278	99	30	hybrid	hybrid	ADJ
faba-278	99	31	instruments	instrument	NOUN
faba-278	99	32	like	like	ADP
faba-278	99	33	preference	preference	NOUN
faba-278	99	34	shares	share	NOUN
faba-278	99	35	)	)	PUNCT
faba-278	99	36	provides	provide	VERB
faba-278	99	37	tax	tax	NOUN
faba-278	99	38	shields	shield	NOUN
faba-278	99	39	that	that	PRON
faba-278	99	40	may	may	AUX
faba-278	99	41	improve	improve	VERB
faba-278	99	42	firm	firm	ADJ
faba-278	99	43	value	value	NOUN
faba-278	99	44	.	.	PUNCT
faba-278	100	1	preference	preference	NOUN
faba-278	100	2	shares	share	NOUN
faba-278	100	3	occupy	occupy	VERB
faba-278	100	4	a	a	DET
faba-278	100	5	unique	unique	ADJ
faba-278	100	6	space	space	NOUN
faba-278	100	7	between	between	ADP
faba-278	100	8	equity	equity	NOUN
faba-278	100	9	and	and	CCONJ
faba-278	100	10	debt	debt	NOUN
faba-278	100	11	,	,	PUNCT
faba-278	100	12	they	they	PRON
faba-278	100	13	usually	usually	ADV
faba-278	100	14	provide	provide	VERB
faba-278	100	15	fixed	fix	VERB
faba-278	100	16	dividends	dividend	NOUN
faba-278	100	17	but	but	CCONJ
faba-278	100	18	lack	lack	VERB
faba-278	100	19	voting	voting	NOUN
faba-278	100	20	rights	right	NOUN
faba-278	100	21	and	and	CCONJ
faba-278	100	22	offer	offer	VERB
faba-278	100	23	priority	priority	NOUN
faba-278	100	24	in	in	ADP
faba-278	100	25	dividend	dividend	NOUN
faba-278	100	26	payouts	payout	NOUN
faba-278	100	27	over	over	ADP
faba-278	100	28	common	common	ADJ
faba-278	100	29	shares	share	NOUN
faba-278	100	30	.	.	PUNCT
faba-278	101	1	thus	thus	ADV
faba-278	101	2	,	,	PUNCT
faba-278	101	3	from	from	ADP
faba-278	101	4	an	an	DET
faba-278	101	5	mm	mm	PROPN
faba-278	101	6	perspective	perspective	NOUN
faba-278	101	7	with	with	ADP
faba-278	101	8	taxes	taxis	NOUN
faba-278	101	9	considered	consider	VERB
faba-278	101	10	,	,	PUNCT
faba-278	101	11	preference	preference	NOUN
faba-278	101	12	shares	share	NOUN
faba-278	101	13	may	may	AUX
faba-278	101	14	be	be	AUX
faba-278	101	15	used	use	VERB
faba-278	101	16	as	as	ADP
faba-278	101	17	a	a	DET
faba-278	101	18	strategic	strategic	ADJ
faba-278	101	19	instrument	instrument	NOUN
faba-278	101	20	to	to	PART
faba-278	101	21	optimize	optimize	VERB
faba-278	101	22	the	the	DET
faba-278	101	23	firm	firm	NOUN
faba-278	101	24	’s	’s	PART
faba-278	101	25	weighted	weighted	ADJ
faba-278	101	26	average	average	ADJ
faba-278	101	27	cost	cost	NOUN
faba-278	101	28	of	of	ADP
faba-278	101	29	capital	capital	NOUN
faba-278	101	30	(	(	PUNCT
faba-278	101	31	wacc	wacc	PROPN
faba-278	101	32	)	)	PUNCT
faba-278	101	33	and	and	CCONJ
faba-278	101	34	boost	boost	VERB
faba-278	101	35	financial	financial	ADJ
faba-278	101	36	performance	performance	NOUN
faba-278	101	37	through	through	ADP
faba-278	101	38	partial	partial	ADJ
faba-278	101	39	debt	debt	NOUN
faba-278	101	40	-	-	PUNCT
faba-278	101	41	like	like	ADJ
faba-278	101	42	benefits	benefit	NOUN
faba-278	101	43	.	.	PUNCT
faba-278	102	1	empirical	empirical	ADJ
faba-278	102	2	applications	application	NOUN
faba-278	102	3	of	of	ADP
faba-278	102	4	the	the	DET
faba-278	102	5	mm	mm	PROPN
faba-278	102	6	framework	framework	NOUN
faba-278	102	7	suggest	suggest	VERB
faba-278	102	8	that	that	SCONJ
faba-278	102	9	firms	firm	NOUN
faba-278	102	10	with	with	ADP
faba-278	102	11	well	well	ADV
faba-278	102	12	-	-	PUNCT
faba-278	102	13	structured	structure	VERB
faba-278	102	14	preference	preference	NOUN
faba-278	102	15	share	share	NOUN
faba-278	102	16	capital	capital	NOUN
faba-278	102	17	may	may	AUX
faba-278	102	18	enjoy	enjoy	VERB
faba-278	102	19	improved	improve	VERB
faba-278	102	20	access	access	NOUN
faba-278	102	21	to	to	ADP
faba-278	102	22	funds	fund	NOUN
faba-278	102	23	without	without	ADP
faba-278	102	24	diluting	dilute	VERB
faba-278	102	25	control	control	NOUN
faba-278	102	26	,	,	PUNCT
faba-278	102	27	thereby	thereby	ADV
faba-278	102	28	supporting	support	VERB
faba-278	102	29	capital	capital	NOUN
faba-278	102	30	investment	investment	NOUN
faba-278	102	31	and	and	CCONJ
faba-278	102	32	performance	performance	NOUN
faba-278	102	33	(	(	PUNCT
faba-278	102	34	brigham	brigham	PROPN
faba-278	102	35	and	and	CCONJ
faba-278	102	36	ehrhardt	ehrhardt	NOUN
faba-278	102	37	2013	2013	NUM
faba-278	102	38	)	)	PUNCT
faba-278	102	39	.	.	PUNCT
faba-278	103	1	nonetheless	nonetheless	ADV
faba-278	103	2	,	,	PUNCT
faba-278	103	3	mm	mm	PROPN
faba-278	103	4	theory	theory	NOUN
faba-278	103	5	remains	remain	VERB
faba-278	103	6	limited	limited	ADJ
faba-278	103	7	in	in	ADP
faba-278	103	8	explaining	explain	VERB
faba-278	103	9	real	real	ADJ
faba-278	103	10	-	-	PUNCT
faba-278	103	11	world	world	NOUN
faba-278	103	12	financing	financing	NOUN
faba-278	103	13	behavior	behavior	NOUN
faba-278	103	14	because	because	SCONJ
faba-278	103	15	it	it	PRON
faba-278	103	16	assumes	assume	VERB
faba-278	103	17	away	away	ADP
faba-278	103	18	market	market	NOUN
faba-278	103	19	imperfections	imperfection	NOUN
faba-278	103	20	,	,	PUNCT
faba-278	103	21	which	which	PRON
faba-278	103	22	are	be	AUX
faba-278	103	23	significant	significant	ADJ
faba-278	103	24	in	in	ADP
faba-278	103	25	emerging	emerge	VERB
faba-278	103	26	economies	economy	NOUN
faba-278	103	27	like	like	ADP
faba-278	103	28	kenya	kenya	PROPN
faba-278	103	29	.	.	PUNCT
faba-278	104	1	stakeholder	stakeholder	PROPN
faba-278	104	2	theory	theory	NOUN
faba-278	104	3	,	,	PUNCT
faba-278	104	4	as	as	SCONJ
faba-278	104	5	articulated	articulate	VERB
faba-278	104	6	by	by	ADP
faba-278	104	7	freeman	freeman	PROPN
faba-278	104	8	(	(	PUNCT
faba-278	104	9	1984	1984	NUM
faba-278	104	10	)	)	PUNCT
faba-278	104	11	,	,	PUNCT
faba-278	104	12	challenges	challenge	VERB
faba-278	104	13	the	the	DET
faba-278	104	14	shareholder	shareholder	NOUN
faba-278	104	15	-	-	PUNCT
faba-278	104	16	centric	centric	ADJ
faba-278	104	17	model	model	NOUN
faba-278	104	18	by	by	ADP
faba-278	104	19	emphasizing	emphasize	VERB
faba-278	104	20	that	that	SCONJ
faba-278	104	21	firms	firm	NOUN
faba-278	104	22	must	must	AUX
faba-278	104	23	consider	consider	VERB
faba-278	104	24	the	the	DET
faba-278	104	25	interests	interest	NOUN
faba-278	104	26	of	of	ADP
faba-278	104	27	a	a	DET
faba-278	104	28	broad	broad	ADJ
faba-278	104	29	set	set	NOUN
faba-278	104	30	of	of	ADP
faba-278	104	31	stakeholders	stakeholder	NOUN
faba-278	104	32	,	,	PUNCT
faba-278	104	33	including	include	VERB
faba-278	104	34	employees	employee	NOUN
faba-278	104	35	,	,	PUNCT
faba-278	104	36	customers	customer	NOUN
faba-278	104	37	,	,	PUNCT
faba-278	104	38	suppliers	supplier	NOUN
faba-278	104	39	,	,	PUNCT
faba-278	104	40	creditors	creditor	NOUN
faba-278	104	41	,	,	PUNCT
faba-278	104	42	and	and	CCONJ
faba-278	104	43	the	the	DET
faba-278	104	44	community	community	NOUN
faba-278	104	45	.	.	PUNCT
faba-278	105	1	the	the	DET
faba-278	105	2	theory	theory	NOUN
faba-278	105	3	posits	posit	NOUN
faba-278	105	4	that	that	PRON
faba-278	105	5	long	long	ADJ
faba-278	105	6	-	-	PUNCT
faba-278	105	7	term	term	NOUN
faba-278	105	8	financial	financial	ADJ
faba-278	105	9	performance	performance	NOUN
faba-278	105	10	is	be	AUX
faba-278	105	11	linked	link	VERB
faba-278	105	12	to	to	ADP
faba-278	105	13	a	a	DET
faba-278	105	14	firm	firm	NOUN
faba-278	105	15	’s	’s	PART
faba-278	105	16	ability	ability	NOUN
faba-278	105	17	to	to	PART
faba-278	105	18	align	align	VERB
faba-278	105	19	its	its	PRON
faba-278	105	20	actions	action	NOUN
faba-278	105	21	with	with	ADP
faba-278	105	22	the	the	DET
faba-278	105	23	expectations	expectation	NOUN
faba-278	105	24	of	of	ADP
faba-278	105	25	its	its	PRON
faba-278	105	26	stakeholders	stakeholder	NOUN
faba-278	105	27	.	.	PUNCT
faba-278	106	1	preference	preference	NOUN
faba-278	106	2	share	share	NOUN
faba-278	106	3	capital	capital	NOUN
faba-278	106	4	can	can	AUX
faba-278	106	5	be	be	AUX
faba-278	106	6	interpreted	interpret	VERB
faba-278	106	7	through	through	ADP
faba-278	106	8	this	this	DET
faba-278	106	9	lens	lens	NOUN
faba-278	106	10	as	as	ADP
faba-278	106	11	a	a	DET
faba-278	106	12	financial	financial	ADJ
faba-278	106	13	instrument	instrument	NOUN
faba-278	106	14	that	that	PRON
faba-278	106	15	accommodates	accommodate	VERB
faba-278	106	16	both	both	PRON
faba-278	106	17	investor	investor	NOUN
faba-278	106	18	and	and	CCONJ
faba-278	106	19	managerial	managerial	ADJ
faba-278	106	20	preferences	preference	NOUN
faba-278	106	21	.	.	PUNCT
faba-278	107	1	investors	investor	NOUN
faba-278	107	2	who	who	PRON
faba-278	107	3	value	value	VERB
faba-278	107	4	stable	stable	ADJ
faba-278	107	5	,	,	PUNCT
faba-278	107	6	predictable	predictable	ADJ
faba-278	107	7	returns	return	NOUN
faba-278	107	8	with	with	ADP
faba-278	107	9	lower	low	ADJ
faba-278	107	10	risk	risk	NOUN
faba-278	107	11	,	,	PUNCT
faba-278	107	12	such	such	ADJ
faba-278	107	13	as	as	ADP
faba-278	107	14	pension	pension	NOUN
faba-278	107	15	funds	fund	NOUN
faba-278	107	16	or	or	CCONJ
faba-278	107	17	risk	risk	NOUN
faba-278	107	18	-	-	PUNCT
faba-278	107	19	averse	averse	ADJ
faba-278	107	20	institutional	institutional	ADJ
faba-278	107	21	investors	investor	NOUN
faba-278	107	22	,	,	PUNCT
faba-278	107	23	may	may	AUX
faba-278	107	24	find	find	VERB
faba-278	107	25	preference	preference	NOUN
faba-278	107	26	shares	share	NOUN
faba-278	107	27	attractive	attractive	ADJ
faba-278	107	28	.	.	PUNCT
faba-278	108	1	at	at	ADP
faba-278	108	2	the	the	DET
faba-278	108	3	same	same	ADJ
faba-278	108	4	time	time	NOUN
faba-278	108	5	,	,	PUNCT
faba-278	108	6	managers	manager	NOUN
faba-278	108	7	may	may	AUX
faba-278	108	8	prefer	prefer	VERB
faba-278	108	9	this	this	DET
faba-278	108	10	mode	mode	NOUN
faba-278	108	11	of	of	ADP
faba-278	108	12	financing	financing	NOUN
faba-278	108	13	since	since	SCONJ
faba-278	108	14	it	it	PRON
faba-278	108	15	avoids	avoid	VERB
faba-278	108	16	ceding	cede	VERB
faba-278	108	17	control	control	NOUN
faba-278	108	18	(	(	PUNCT
faba-278	108	19	as	as	SCONJ
faba-278	108	20	preference	preference	NOUN
faba-278	108	21	shares	share	NOUN
faba-278	108	22	usually	usually	ADV
faba-278	108	23	lack	lack	VERB
faba-278	108	24	voting	voting	NOUN
faba-278	108	25	rights	right	NOUN
faba-278	108	26	)	)	PUNCT
faba-278	108	27	and	and	CCONJ
faba-278	108	28	minimizes	minimize	VERB
faba-278	108	29	financial	financial	ADJ
faba-278	108	30	distress	distress	NOUN
faba-278	108	31	compared	compare	VERB
faba-278	108	32	to	to	ADP
faba-278	108	33	high	high	ADJ
faba-278	108	34	-	-	PUNCT
faba-278	108	35	leverage	leverage	NOUN
faba-278	108	36	debt	debt	NOUN
faba-278	108	37	(	(	PUNCT
faba-278	108	38	wicks	wick	NOUN
faba-278	108	39	and	and	CCONJ
faba-278	108	40	harrison	harrison	NOUN
faba-278	108	41	2017	2017	NUM
faba-278	108	42	)	)	PUNCT
faba-278	108	43	.	.	PUNCT
faba-278	109	1	moreover	moreover	ADV
faba-278	109	2	,	,	PUNCT
faba-278	109	3	issuing	issue	VERB
faba-278	109	4	preference	preference	NOUN
faba-278	109	5	shares	share	NOUN
faba-278	109	6	may	may	AUX
faba-278	109	7	signal	signal	VERB
faba-278	109	8	managerial	managerial	ADJ
faba-278	109	9	commitment	commitment	NOUN
faba-278	109	10	to	to	ADP
faba-278	109	11	meeting	meet	VERB
faba-278	109	12	fixed	fix	VERB
faba-278	109	13	obligations	obligation	NOUN
faba-278	109	14	without	without	ADP
faba-278	109	15	burdening	burden	VERB
faba-278	109	16	the	the	DET
faba-278	109	17	firm	firm	NOUN
faba-278	109	18	with	with	ADP
faba-278	109	19	the	the	DET
faba-278	109	20	restrictive	restrictive	ADJ
faba-278	109	21	covenants	covenant	NOUN
faba-278	109	22	that	that	PRON
faba-278	109	23	come	come	VERB
faba-278	109	24	with	with	ADP
faba-278	109	25	debt	debt	NOUN
faba-278	109	26	(	(	PUNCT
faba-278	109	27	zakhem	zakhem	NOUN
faba-278	109	28	and	and	CCONJ
faba-278	109	29	palmer	palmer	PROPN
faba-278	109	30	2017	2017	NUM
faba-278	109	31	)	)	PUNCT
faba-278	109	32	.	.	PUNCT
faba-278	110	1	this	this	PRON
faba-278	110	2	may	may	AUX
faba-278	110	3	foster	foster	VERB
faba-278	110	4	trust	trust	NOUN
faba-278	110	5	and	and	CCONJ
faba-278	110	6	goodwill	goodwill	NOUN
faba-278	110	7	among	among	ADP
faba-278	110	8	stakeholders	stakeholder	NOUN
faba-278	110	9	,	,	PUNCT
faba-278	110	10	which	which	PRON
faba-278	110	11	in	in	ADP
faba-278	110	12	turn	turn	NOUN
faba-278	110	13	supports	support	VERB
faba-278	110	14	operational	operational	ADJ
faba-278	110	15	efficiency	efficiency	NOUN
faba-278	110	16	and	and	CCONJ
faba-278	110	17	financial	financial	ADJ
faba-278	110	18	performance	performance	NOUN
faba-278	110	19	.	.	PUNCT
faba-278	111	1	therefore	therefore	ADV
faba-278	111	2	,	,	PUNCT
faba-278	111	3	preference	preference	NOUN
faba-278	111	4	shares	share	NOUN
faba-278	111	5	can	can	AUX
faba-278	111	6	be	be	AUX
faba-278	111	7	understood	understand	VERB
faba-278	111	8	as	as	ADP
faba-278	111	9	a	a	DET
faba-278	111	10	stakeholder	stakeholder	NOUN
faba-278	111	11	-	-	PUNCT
faba-278	111	12	aligned	align	VERB
faba-278	111	13	financing	financing	NOUN
faba-278	111	14	tool	tool	NOUN
faba-278	111	15	that	that	PRON
faba-278	111	16	helps	help	VERB
faba-278	111	17	balance	balance	VERB
faba-278	111	18	capital	capital	NOUN
faba-278	111	19	needs	need	NOUN
faba-278	111	20	,	,	PUNCT
faba-278	111	21	risk	risk	NOUN
faba-278	111	22	exposure	exposure	NOUN
faba-278	111	23	,	,	PUNCT
faba-278	111	24	and	and	CCONJ
faba-278	111	25	stakeholder	stakeholder	NOUN
faba-278	111	26	relationships	relationship	NOUN
faba-278	111	27	.	.	PUNCT
faba-278	112	1	a	a	DET
faba-278	112	2	thorough	thorough	ADJ
faba-278	112	3	investigation	investigation	NOUN
faba-278	112	4	into	into	ADP
faba-278	112	5	interplay	interplay	NOUN
faba-278	112	6	among	among	ADP
faba-278	112	7	credit	credit	NOUN
faba-278	112	8	risk	risk	NOUN
faba-278	112	9	management	management	NOUN
faba-278	112	10	,	,	PUNCT
faba-278	112	11	capital	capital	NOUN
faba-278	112	12	structure	structure	NOUN
faba-278	112	13	and	and	CCONJ
faba-278	112	14	the	the	DET
faba-278	112	15	financial	financial	ADJ
faba-278	112	16	performance	performance	NOUN
faba-278	112	17	of	of	ADP
faba-278	112	18	microfinance	microfinance	NOUN
faba-278	112	19	institutions	institution	NOUN
faba-278	112	20	(	(	PUNCT
faba-278	112	21	mfis	mfis	PROPN
faba-278	112	22	)	)	PUNCT
faba-278	112	23	in	in	ADP
faba-278	112	24	uganda	uganda	PROPN
faba-278	112	25	,	,	PUNCT
faba-278	112	26	utilizing	utilize	VERB
faba-278	112	27	the	the	DET
faba-278	112	28	lens	lens	NOUN
faba-278	112	29	of	of	ADP
faba-278	112	30	agency	agency	NOUN
faba-278	112	31	theory	theory	NOUN
faba-278	112	32	was	be	AUX
faba-278	112	33	conducted	conduct	VERB
faba-278	112	34	by	by	ADP
faba-278	112	35	orichom	orichom	NOUN
faba-278	112	36	and	and	CCONJ
faba-278	112	37	omeke	omeke	ADJ
faba-278	112	38	(	(	PUNCT
faba-278	112	39	2021	2021	NUM
faba-278	112	40	)	)	PUNCT
faba-278	112	41	.	.	PUNCT
faba-278	113	1	by	by	ADP
faba-278	113	2	employing	employ	VERB
faba-278	113	3	a	a	DET
faba-278	113	4	cross	cross	ADJ
faba-278	113	5	-	-	ADJ
faba-278	113	6	sectional	sectional	ADJ
faba-278	113	7	research	research	NOUN
faba-278	113	8	design	design	NOUN
faba-278	113	9	,	,	PUNCT
faba-278	113	10	the	the	DET
faba-278	113	11	study	study	NOUN
faba-278	113	12	meticulously	meticulously	ADV
faba-278	113	13	scrutinized	scrutinize	VERB
faba-278	113	14	64	64	NUM
faba-278	113	15	mfis	mfis	NOUN
faba-278	113	16	operating	operate	VERB
faba-278	113	17	within	within	ADP
faba-278	113	18	uganda	uganda	PROPN
faba-278	113	19	.	.	PUNCT
faba-278	114	1	through	through	ADP
faba-278	114	2	correlation	correlation	NOUN
faba-278	114	3	and	and	CCONJ
faba-278	114	4	multiple	multiple	ADJ
faba-278	114	5	regression	regression	NOUN
faba-278	114	6	analyses	analysis	NOUN
faba-278	114	7	,	,	PUNCT
faba-278	114	8	the	the	DET
faba-278	114	9	gathered	gather	VERB
faba-278	114	10	data	datum	NOUN
faba-278	114	11	underwent	undergo	VERB
faba-278	114	12	rigorous	rigorous	ADJ
faba-278	114	13	examination	examination	NOUN
faba-278	114	14	.	.	PUNCT
faba-278	115	1	the	the	DET
faba-278	115	2	findings	finding	NOUN
faba-278	115	3	show	show	VERB
faba-278	115	4	the	the	DET
faba-278	115	5	pivotal	pivotal	ADJ
faba-278	115	6	role	role	NOUN
faba-278	115	7	of	of	ADP
faba-278	115	8	credit	credit	NOUN
faba-278	115	9	risk	risk	NOUN
faba-278	115	10	management	management	NOUN
faba-278	115	11	in	in	ADP
faba-278	115	12	bolstering	bolster	VERB
faba-278	115	13	overall	overall	ADJ
faba-278	115	14	financial	financial	ADJ
faba-278	115	15	performance	performance	NOUN
faba-278	115	16	.	.	PUNCT
faba-278	116	1	conversely	conversely	ADV
faba-278	116	2	,	,	PUNCT
faba-278	116	3	the	the	DET
faba-278	116	4	research	research	NOUN
faba-278	116	5	opined	opine	VERB
faba-278	116	6	that	that	SCONJ
faba-278	116	7	configuration	configuration	NOUN
faba-278	116	8	of	of	ADP
faba-278	116	9	capital	capital	NOUN
faba-278	116	10	structure	structure	NOUN
faba-278	116	11	bears	bear	VERB
faba-278	116	12	no	no	DET
faba-278	116	13	significant	significant	ADJ
faba-278	116	14	correlation	correlation	NOUN
faba-278	116	15	with	with	ADP
faba-278	116	16	financial	financial	ADJ
faba-278	116	17	performance	performance	NOUN
faba-278	116	18	.	.	PUNCT
faba-278	117	1	consequently	consequently	ADV
faba-278	117	2	,	,	PUNCT
faba-278	117	3	the	the	DET
faba-278	117	4	study	study	NOUN
faba-278	117	5	advocates	advocate	VERB
faba-278	117	6	for	for	ADP
faba-278	117	7	a	a	DET
faba-278	117	8	heightened	heighten	VERB
faba-278	117	9	emphasis	emphasis	NOUN
faba-278	117	10	on	on	ADP
faba-278	117	11	credit	credit	NOUN
faba-278	117	12	risk	risk	NOUN
faba-278	117	13	appraisal	appraisal	NOUN
faba-278	117	14	,	,	PUNCT
faba-278	117	15	monitoring	monitoring	NOUN
faba-278	117	16	,	,	PUNCT
faba-278	117	17	and	and	CCONJ
faba-278	117	18	mitigation	mitigation	NOUN
faba-278	117	19	strategies	strategy	NOUN
faba-278	117	20	to	to	PART
faba-278	117	21	fortify	fortify	VERB
faba-278	117	22	the	the	DET
faba-278	117	23	financial	financial	ADJ
faba-278	117	24	robustness	robustness	NOUN
faba-278	117	25	of	of	ADP
faba-278	117	26	mfis	mfis	PROPN
faba-278	117	27	.	.	PUNCT
faba-278	118	1	while	while	SCONJ
faba-278	118	2	the	the	DET
faba-278	118	3	choice	choice	NOUN
faba-278	118	4	between	between	ADP
faba-278	118	5	debt	debt	NOUN
faba-278	118	6	and	and	CCONJ
faba-278	118	7	equity	equity	NOUN
faba-278	118	8	structures	structure	NOUN
faba-278	118	9	remains	remain	VERB
faba-278	118	10	inconsequential	inconsequential	ADJ
faba-278	118	11	to	to	ADP
faba-278	118	12	financial	financial	ADJ
faba-278	118	13	performance	performance	NOUN
faba-278	118	14	,	,	PUNCT
faba-278	118	15	prudent	prudent	ADJ
faba-278	118	16	risk	risk	NOUN
faba-278	118	17	management	management	NOUN
faba-278	118	18	practices	practice	NOUN
faba-278	118	19	emerge	emerge	VERB
faba-278	118	20	as	as	ADP
faba-278	118	21	indispensable	indispensable	ADJ
faba-278	118	22	for	for	ADP
faba-278	118	23	sustaining	sustain	VERB
faba-278	118	24	positive	positive	ADJ
faba-278	118	25	outcomes	outcome	NOUN
faba-278	118	26	in	in	ADP
faba-278	118	27	the	the	DET
faba-278	118	28	realm	realm	NOUN
faba-278	118	29	of	of	ADP
faba-278	118	30	microfinance	microfinance	NOUN
faba-278	118	31	.	.	PUNCT
faba-278	119	1	a.	a.	PROPN
faba-278	119	2	j.	j.	PROPN
faba-278	119	3	lumbasio	lumbasio	PROPN
faba-278	119	4	,	,	PUNCT
faba-278	119	5	m.	m.	NOUN
faba-278	119	6	onsiro	onsiro	NOUN
faba-278	119	7	and	and	CCONJ
faba-278	119	8	i.	i.	PROPN
faba-278	119	9	abuga	abuga	PROPN
faba-278	119	10	/	/	SYM
faba-278	119	11	finance	finance	NOUN
faba-278	119	12	,	,	PUNCT
faba-278	119	13	accounting	accounting	NOUN
faba-278	119	14	and	and	CCONJ
faba-278	119	15	business	business	NOUN
faba-278	119	16	analysis	analysis	NOUN
faba-278	119	17	,	,	PUNCT
faba-278	119	18	volume	volume	NOUN
faba-278	119	19	7	7	NUM
faba-278	119	20	,	,	PUNCT
faba-278	119	21	issue	issue	NOUN
faba-278	119	22	2	2	NUM
faba-278	119	23	,	,	PUNCT
faba-278	119	24	2025	2025	NUM
faba-278	119	25	287	287	NUM
faba-278	119	26	in	in	ADP
faba-278	119	27	his	his	PRON
faba-278	119	28	study	study	NOUN
faba-278	119	29	,	,	PUNCT
faba-278	119	30	ngoc	ngoc	PROPN
faba-278	119	31	(	(	PUNCT
faba-278	119	32	2018	2018	NUM
faba-278	119	33	)	)	PUNCT
faba-278	119	34	thoroughly	thoroughly	ADV
faba-278	119	35	examined	examine	VERB
faba-278	119	36	the	the	DET
faba-278	119	37	efficacy	efficacy	NOUN
faba-278	119	38	of	of	ADP
faba-278	119	39	preference	preference	NOUN
faba-278	119	40	share	share	NOUN
faba-278	119	41	capital	capital	NOUN
faba-278	119	42	on	on	ADP
faba-278	119	43	the	the	DET
faba-278	119	44	financial	financial	ADJ
faba-278	119	45	advancement	advancement	NOUN
faba-278	119	46	and	and	CCONJ
faba-278	119	47	profitability	profitability	NOUN
faba-278	119	48	of	of	ADP
faba-278	119	49	thirty	thirty	NUM
faba-278	119	50	logistical	logistical	ADJ
faba-278	119	51	companies	company	NOUN
faba-278	119	52	listed	list	VERB
faba-278	119	53	on	on	ADP
faba-278	119	54	ho	ho	PROPN
faba-278	119	55	chi	chi	PROPN
faba-278	119	56	minh	minh	PROPN
faba-278	119	57	city	city	PROPN
faba-278	119	58	stock	stock	PROPN
faba-278	119	59	exchange	exchange	PROPN
faba-278	119	60	(	(	PUNCT
faba-278	119	61	hose	hose	NOUN
faba-278	119	62	)	)	PUNCT
faba-278	119	63	trading	trading	NOUN
faba-278	119	64	as	as	ADP
faba-278	119	65	from	from	ADP
faba-278	119	66	2012	2012	NUM
faba-278	119	67	to	to	ADP
faba-278	119	68	2019	2019	NUM
faba-278	119	69	.	.	PUNCT
faba-278	120	1	making	make	VERB
faba-278	120	2	use	use	NOUN
faba-278	120	3	of	of	ADP
faba-278	120	4	a	a	DET
faba-278	120	5	rigorous	rigorous	ADJ
faba-278	120	6	regression	regression	NOUN
faba-278	120	7	analysis	analysis	NOUN
faba-278	120	8	methodology	methodology	NOUN
faba-278	120	9	,	,	PUNCT
faba-278	120	10	the	the	DET
faba-278	120	11	research	research	NOUN
faba-278	120	12	meticulously	meticulously	ADV
faba-278	120	13	parsed	parse	VERB
faba-278	120	14	the	the	DET
faba-278	120	15	data	datum	NOUN
faba-278	120	16	.	.	PUNCT
faba-278	121	1	the	the	DET
faba-278	121	2	outcome	outcome	NOUN
faba-278	121	3	suggested	suggest	VERB
faba-278	121	4	distinct	distinct	ADJ
faba-278	121	5	results	result	NOUN
faba-278	121	6	:	:	PUNCT
faba-278	121	7	a	a	DET
faba-278	121	8	confirmed	confirm	VERB
faba-278	121	9	negative	negative	ADJ
faba-278	121	10	correlation	correlation	NOUN
faba-278	121	11	between	between	ADP
faba-278	121	12	financial	financial	ADJ
faba-278	121	13	progress	progress	NOUN
faba-278	121	14	and	and	CCONJ
faba-278	121	15	long	long	ADJ
faba-278	121	16	-	-	PUNCT
faba-278	121	17	term	term	NOUN
faba-278	121	18	borrowed	borrow	VERB
faba-278	121	19	funds	fund	NOUN
faba-278	121	20	,	,	PUNCT
faba-278	121	21	alongside	alongside	ADP
faba-278	121	22	positive	positive	ADJ
faba-278	121	23	correlations	correlation	NOUN
faba-278	121	24	between	between	ADP
faba-278	121	25	size	size	NOUN
faba-278	121	26	and	and	CCONJ
faba-278	121	27	debt	debt	NOUN
faba-278	121	28	,	,	PUNCT
faba-278	121	29	consistent	consistent	ADJ
faba-278	121	30	and	and	CCONJ
faba-278	121	31	at	at	ADP
faba-278	121	32	par	par	NOUN
faba-278	121	33	with	with	ADP
faba-278	121	34	both	both	CCONJ
faba-278	121	35	trade	trade	NOUN
faba-278	121	36	-	-	PUNCT
faba-278	121	37	off	off	NOUN
faba-278	121	38	and	and	CCONJ
faba-278	121	39	signaling	signal	VERB
faba-278	121	40	theories	theory	NOUN
faba-278	121	41	.	.	PUNCT
faba-278	122	1	in	in	ADP
faba-278	122	2	summary	summary	NOUN
faba-278	122	3	,	,	PUNCT
faba-278	122	4	the	the	DET
faba-278	122	5	study	study	NOUN
faba-278	122	6	provided	provide	VERB
faba-278	122	7	substantial	substantial	ADJ
faba-278	122	8	support	support	NOUN
faba-278	122	9	for	for	ADP
faba-278	122	10	prevailing	prevail	VERB
faba-278	122	11	capital	capital	NOUN
faba-278	122	12	structure	structure	NOUN
faba-278	122	13	theories	theory	NOUN
faba-278	122	14	,	,	PUNCT
faba-278	122	15	elucidating	elucidate	VERB
faba-278	122	16	the	the	DET
faba-278	122	17	factors	factor	NOUN
faba-278	122	18	influencing	influence	VERB
faba-278	122	19	corporate	corporate	ADJ
faba-278	122	20	debt	debt	NOUN
faba-278	122	21	decisions	decision	NOUN
faba-278	122	22	.	.	PUNCT
faba-278	123	1	ngoc	ngoc	PROPN
faba-278	123	2	further	far	ADV
faba-278	123	3	advocated	advocate	VERB
faba-278	123	4	for	for	ADP
faba-278	123	5	additional	additional	ADJ
faba-278	123	6	research	research	NOUN
faba-278	123	7	endeavors	endeavor	NOUN
faba-278	123	8	to	to	PART
faba-278	123	9	deepen	deepen	VERB
faba-278	123	10	comprehension	comprehension	NOUN
faba-278	123	11	of	of	ADP
faba-278	123	12	the	the	DET
faba-278	123	13	applicability	applicability	NOUN
faba-278	123	14	of	of	ADP
faba-278	123	15	preference	preference	NOUN
faba-278	123	16	share	share	NOUN
faba-278	123	17	capital	capital	NOUN
faba-278	123	18	,	,	PUNCT
faba-278	123	19	particularly	particularly	ADV
faba-278	123	20	within	within	ADP
faba-278	123	21	industries	industry	NOUN
faba-278	123	22	characterized	characterize	VERB
faba-278	123	23	by	by	ADP
faba-278	123	24	modest	modest	ADJ
faba-278	123	25	scale	scale	NOUN
faba-278	123	26	,	,	PUNCT
faba-278	123	27	notably	notably	ADV
faba-278	123	28	in	in	ADP
faba-278	123	29	developing	develop	VERB
faba-278	123	30	economies	economy	NOUN
faba-278	123	31	.	.	PUNCT
faba-278	124	1	this	this	DET
faba-278	124	2	insight	insight	NOUN
faba-278	124	3	carries	carry	VERB
faba-278	124	4	significant	significant	ADJ
faba-278	124	5	implications	implication	NOUN
faba-278	124	6	for	for	ADP
faba-278	124	7	strategic	strategic	ADJ
faba-278	124	8	decision	decision	NOUN
faba-278	124	9	-	-	PUNCT
faba-278	124	10	making	making	NOUN
faba-278	124	11	in	in	ADP
faba-278	124	12	financial	financial	ADJ
faba-278	124	13	management	management	NOUN
faba-278	124	14	,	,	PUNCT
faba-278	124	15	prompting	prompt	VERB
faba-278	124	16	a	a	DET
faba-278	124	17	reevaluation	reevaluation	NOUN
faba-278	124	18	of	of	ADP
faba-278	124	19	capital	capital	NOUN
faba-278	124	20	structure	structure	NOUN
faba-278	124	21	strategies	strategy	NOUN
faba-278	124	22	on	on	ADP
faba-278	124	23	and	and	CCONJ
faba-278	124	24	above	above	ADP
faba-278	124	25	the	the	DET
faba-278	124	26	broader	broad	ADJ
faba-278	124	27	context	context	NOUN
faba-278	124	28	of	of	ADP
faba-278	124	29	corporate	corporate	ADJ
faba-278	124	30	finance	finance	NOUN
faba-278	124	31	.	.	PUNCT
faba-278	125	1	orichom	orichom	PROPN
faba-278	125	2	and	and	CCONJ
faba-278	125	3	omeke	omeke	ADJ
faba-278	125	4	(	(	PUNCT
faba-278	125	5	2021	2021	NUM
faba-278	125	6	)	)	PUNCT
faba-278	125	7	carried	carry	VERB
faba-278	125	8	out	out	ADP
faba-278	125	9	an	an	DET
faba-278	125	10	in	in	ADP
faba-278	125	11	-	-	PUNCT
faba-278	125	12	depth	depth	NOUN
faba-278	125	13	exploration	exploration	NOUN
faba-278	125	14	into	into	ADP
faba-278	125	15	the	the	DET
faba-278	125	16	connection	connection	NOUN
faba-278	125	17	over	over	ADP
faba-278	125	18	credit	credit	NOUN
faba-278	125	19	risk	risk	NOUN
faba-278	125	20	management	management	NOUN
faba-278	125	21	,	,	PUNCT
faba-278	125	22	capital	capital	NOUN
faba-278	125	23	structure	structure	NOUN
faba-278	125	24	,	,	PUNCT
faba-278	125	25	and	and	CCONJ
faba-278	125	26	the	the	DET
faba-278	125	27	financial	financial	ADJ
faba-278	125	28	performance	performance	NOUN
faba-278	125	29	of	of	ADP
faba-278	125	30	microfinance	microfinance	NOUN
faba-278	125	31	entities	entity	NOUN
faba-278	125	32	(	(	PUNCT
faba-278	125	33	mfis	mfis	PROPN
faba-278	125	34	)	)	PUNCT
faba-278	125	35	in	in	ADP
faba-278	125	36	uganda	uganda	PROPN
faba-278	125	37	,	,	PUNCT
faba-278	125	38	under	under	ADP
faba-278	125	39	the	the	DET
faba-278	125	40	framework	framework	NOUN
faba-278	125	41	of	of	ADP
faba-278	125	42	agency	agency	NOUN
faba-278	125	43	theory	theory	NOUN
faba-278	125	44	.	.	PUNCT
faba-278	126	1	by	by	ADP
faba-278	126	2	employing	employ	VERB
faba-278	126	3	a	a	DET
faba-278	126	4	cross	cross	ADJ
faba-278	126	5	-	-	ADJ
faba-278	126	6	sectional	sectional	ADJ
faba-278	126	7	research	research	NOUN
faba-278	126	8	approach	approach	NOUN
faba-278	126	9	,	,	PUNCT
faba-278	126	10	the	the	DET
faba-278	126	11	study	study	NOUN
faba-278	126	12	meticulously	meticulously	ADV
faba-278	126	13	scrutinized	scrutinize	VERB
faba-278	126	14	64	64	NUM
faba-278	126	15	mfis	mfi	VERB
faba-278	126	16	across	across	ADP
faba-278	126	17	uganda	uganda	PROPN
faba-278	126	18	.	.	PUNCT
faba-278	127	1	through	through	ADP
faba-278	127	2	robust	robust	ADJ
faba-278	127	3	correlation	correlation	NOUN
faba-278	127	4	and	and	CCONJ
faba-278	127	5	multiple	multiple	ADJ
faba-278	127	6	regression	regression	NOUN
faba-278	127	7	analyses	analysis	NOUN
faba-278	127	8	,	,	PUNCT
faba-278	127	9	the	the	DET
faba-278	127	10	dataset	dataset	NOUN
faba-278	127	11	underwent	underwent	NOUN
faba-278	127	12	thorough	thorough	ADJ
faba-278	127	13	examination	examination	NOUN
faba-278	127	14	.	.	PUNCT
faba-278	128	1	the	the	DET
faba-278	128	2	findings	finding	NOUN
faba-278	128	3	unequivocally	unequivocally	ADV
faba-278	128	4	underscored	underscore	VERB
faba-278	128	5	the	the	DET
faba-278	128	6	significant	significant	ADJ
faba-278	128	7	contribution	contribution	NOUN
faba-278	128	8	of	of	ADP
faba-278	128	9	credit	credit	NOUN
faba-278	128	10	risk	risk	NOUN
faba-278	128	11	management	management	NOUN
faba-278	128	12	to	to	ADP
faba-278	128	13	fostering	foster	VERB
faba-278	128	14	sound	sound	ADJ
faba-278	128	15	financial	financial	ADJ
faba-278	128	16	performance	performance	NOUN
faba-278	128	17	.	.	PUNCT
faba-278	129	1	conversely	conversely	ADV
faba-278	129	2	,	,	PUNCT
faba-278	129	3	the	the	DET
faba-278	129	4	exercise	exercise	NOUN
faba-278	129	5	suggested	suggest	VERB
faba-278	129	6	,	,	PUNCT
faba-278	129	7	capital	capital	NOUN
faba-278	129	8	structure	structure	NOUN
faba-278	129	9	exhibited	exhibit	VERB
faba-278	129	10	no	no	DET
faba-278	129	11	significant	significant	ADJ
faba-278	129	12	connection	connection	NOUN
faba-278	129	13	with	with	ADP
faba-278	129	14	financial	financial	ADJ
faba-278	129	15	performance	performance	NOUN
faba-278	129	16	.	.	PUNCT
faba-278	130	1	consequently	consequently	ADV
faba-278	130	2	,	,	PUNCT
faba-278	130	3	the	the	DET
faba-278	130	4	study	study	NOUN
faba-278	130	5	emphasizes	emphasize	VERB
faba-278	130	6	the	the	DET
faba-278	130	7	paramount	paramount	ADJ
faba-278	130	8	importance	importance	NOUN
faba-278	130	9	of	of	ADP
faba-278	130	10	credit	credit	NOUN
faba-278	130	11	risk	risk	NOUN
faba-278	130	12	appraisal	appraisal	NOUN
faba-278	130	13	,	,	PUNCT
faba-278	130	14	monitoring	monitoring	NOUN
faba-278	130	15	,	,	PUNCT
faba-278	130	16	and	and	CCONJ
faba-278	130	17	mitigation	mitigation	NOUN
faba-278	130	18	strategies	strategy	NOUN
faba-278	130	19	in	in	ADP
faba-278	130	20	bolstering	bolster	VERB
faba-278	130	21	the	the	DET
faba-278	130	22	financial	financial	ADJ
faba-278	130	23	stability	stability	NOUN
faba-278	130	24	of	of	ADP
faba-278	130	25	mfis	mfis	PROPN
faba-278	130	26	.	.	PUNCT
faba-278	131	1	while	while	SCONJ
faba-278	131	2	the	the	DET
faba-278	131	3	specific	specific	ADJ
faba-278	131	4	configuration	configuration	NOUN
faba-278	131	5	of	of	ADP
faba-278	131	6	debt	debt	NOUN
faba-278	131	7	or	or	CCONJ
faba-278	131	8	equity	equity	NOUN
faba-278	131	9	may	may	AUX
faba-278	131	10	not	not	PART
faba-278	131	11	directly	directly	ADV
faba-278	131	12	impact	impact	VERB
faba-278	131	13	financial	financial	ADJ
faba-278	131	14	performance	performance	NOUN
faba-278	131	15	,	,	PUNCT
faba-278	131	16	prudent	prudent	ADJ
faba-278	131	17	risk	risk	NOUN
faba-278	131	18	management	management	NOUN
faba-278	131	19	practices	practice	NOUN
faba-278	131	20	are	be	AUX
faba-278	131	21	deemed	deem	VERB
faba-278	131	22	essential	essential	ADJ
faba-278	131	23	for	for	ADP
faba-278	131	24	mitigating	mitigate	VERB
faba-278	131	25	credit	credit	NOUN
faba-278	131	26	risks	risk	NOUN
faba-278	131	27	and	and	CCONJ
faba-278	131	28	steering	steer	VERB
faba-278	131	29	mfis	mfis	NOUN
faba-278	131	30	towards	towards	ADP
faba-278	131	31	positive	positive	ADJ
faba-278	131	32	financial	financial	ADJ
faba-278	131	33	outcomes	outcome	NOUN
faba-278	131	34	.	.	PUNCT
faba-278	132	1	a	a	DET
faba-278	132	2	comprehensive	comprehensive	ADJ
faba-278	132	3	analysis	analysis	NOUN
faba-278	132	4	on	on	ADP
faba-278	132	5	influence	influence	NOUN
faba-278	132	6	of	of	ADP
faba-278	132	7	capital	capital	NOUN
faba-278	132	8	structure	structure	NOUN
faba-278	132	9	over	over	ADP
faba-278	132	10	financial	financial	ADJ
faba-278	132	11	performance	performance	NOUN
faba-278	132	12	within	within	ADP
faba-278	132	13	nigeria	nigeria	PROPN
faba-278	132	14	's	's	PART
faba-278	132	15	retail	retail	ADJ
faba-278	132	16	sector	sector	NOUN
faba-278	132	17	was	be	AUX
faba-278	132	18	conducted	conduct	VERB
faba-278	132	19	by	by	ADP
faba-278	132	20	muhammad	muhammad	PROPN
faba-278	132	21	(	(	PUNCT
faba-278	132	22	2019	2019	NUM
faba-278	132	23	)	)	PUNCT
faba-278	132	24	.	.	PUNCT
faba-278	133	1	the	the	DET
faba-278	133	2	exercise	exercise	NOUN
faba-278	133	3	focused	focus	VERB
faba-278	133	4	on	on	ADP
faba-278	133	5	firms	firm	NOUN
faba-278	133	6	quoted	quote	VERB
faba-278	133	7	on	on	ADP
faba-278	133	8	the	the	DET
faba-278	133	9	nigeria	nigeria	PROPN
faba-278	133	10	’s	’s	PART
faba-278	133	11	securities	security	NOUN
faba-278	133	12	market	market	NOUN
faba-278	133	13	,	,	PUNCT
faba-278	133	14	a	a	DET
faba-278	133	15	sample	sample	NOUN
faba-278	133	16	size	size	NOUN
faba-278	133	17	consisting	consist	VERB
faba-278	133	18	of	of	ADP
faba-278	133	19	6	6	NUM
faba-278	133	20	selected	select	VERB
faba-278	133	21	firms	firm	NOUN
faba-278	133	22	was	be	AUX
faba-278	133	23	made	make	VERB
faba-278	133	24	use	use	NOUN
faba-278	133	25	of	of	ADP
faba-278	133	26	.	.	PUNCT
faba-278	134	1	by	by	ADP
faba-278	134	2	utilizing	utilize	VERB
faba-278	134	3	a	a	DET
faba-278	134	4	filtering	filter	VERB
faba-278	134	5	sampling	sample	VERB
faba-278	134	6	technique	technique	NOUN
faba-278	134	7	,	,	PUNCT
faba-278	134	8	data	datum	NOUN
faba-278	134	9	spreading	spread	VERB
faba-278	134	10	in	in	ADP
faba-278	134	11	a	a	DET
faba-278	134	12	five	five	NUM
faba-278	134	13	-	-	PUNCT
faba-278	134	14	year	year	NOUN
faba-278	134	15	period	period	NOUN
faba-278	134	16	of	of	ADP
faba-278	134	17	time	time	NOUN
faba-278	134	18	as	as	ADP
faba-278	134	19	from	from	ADP
faba-278	134	20	2012	2012	NUM
faba-278	134	21	to	to	ADP
faba-278	134	22	2016	2016	NUM
faba-278	134	23	was	be	AUX
faba-278	134	24	analyzed	analyze	VERB
faba-278	134	25	.	.	PUNCT
faba-278	135	1	dependent	dependent	ADJ
faba-278	135	2	variable	variable	NOUN
faba-278	135	3	used	use	VERB
faba-278	135	4	was	be	AUX
faba-278	135	5	financial	financial	ADJ
faba-278	135	6	performance	performance	NOUN
faba-278	135	7	,	,	PUNCT
faba-278	135	8	proxified	proxifie	VERB
faba-278	135	9	by	by	ADP
faba-278	135	10	return	return	NOUN
faba-278	135	11	on	on	ADP
faba-278	135	12	assets	asset	NOUN
faba-278	135	13	(	(	PUNCT
faba-278	135	14	roa	roa	NOUN
faba-278	135	15	)	)	PUNCT
faba-278	135	16	,	,	PUNCT
faba-278	135	17	and	and	CCONJ
faba-278	135	18	the	the	DET
faba-278	135	19	independing	independe	VERB
faba-278	135	20	dimensions	dimension	NOUN
faba-278	135	21	included	include	VERB
faba-278	135	22	short	short	ADJ
faba-278	135	23	-	-	PUNCT
faba-278	135	24	term	term	NOUN
faba-278	135	25	debt	debt	NOUN
faba-278	135	26	,	,	PUNCT
faba-278	135	27	long	long	ADJ
faba-278	135	28	-	-	PUNCT
faba-278	135	29	term	term	NOUN
faba-278	135	30	debt	debt	NOUN
faba-278	135	31	(	(	PUNCT
faba-278	135	32	ltd	ltd	NOUN
faba-278	135	33	)	)	PUNCT
faba-278	135	34	,	,	PUNCT
faba-278	135	35	and	and	CCONJ
faba-278	135	36	shareholders	shareholder	NOUN
faba-278	135	37	'	'	PART
faba-278	135	38	funds	fund	NOUN
faba-278	135	39	(	(	PUNCT
faba-278	135	40	roe	roe	NOUN
faba-278	135	41	)	)	PUNCT
faba-278	135	42	.	.	PUNCT
faba-278	136	1	the	the	DET
faba-278	136	2	data	data	NOUN
faba-278	136	3	analysis	analysis	NOUN
faba-278	136	4	was	be	AUX
faba-278	136	5	conducted	conduct	VERB
faba-278	136	6	using	use	VERB
faba-278	136	7	description	description	NOUN
faba-278	136	8	statistics	statistic	NOUN
faba-278	136	9	,	,	PUNCT
faba-278	136	10	regression	regression	VERB
faba-278	136	11	analysis	analysis	NOUN
faba-278	136	12	and	and	CCONJ
faba-278	136	13	correlation	correlation	NOUN
faba-278	136	14	through	through	ADP
faba-278	136	15	e	e	NOUN
faba-278	136	16	-	-	NOUN
faba-278	136	17	views	view	NOUN
faba-278	136	18	8.0	8.0	NUM
faba-278	136	19	,	,	PUNCT
faba-278	136	20	with	with	ADP
faba-278	136	21	significance	significance	NOUN
faba-278	136	22	level	level	NOUN
faba-278	136	23	set	set	VERB
faba-278	136	24	at	at	ADP
faba-278	136	25	0.05	0.05	NUM
faba-278	136	26	(	(	PUNCT
faba-278	136	27	5	5	NUM
faba-278	136	28	%	%	NOUN
faba-278	136	29	)	)	PUNCT
faba-278	136	30	.	.	PUNCT
faba-278	137	1	outcomes	outcome	NOUN
faba-278	137	2	revealed	reveal	VERB
faba-278	137	3	,	,	PUNCT
faba-278	137	4	short	short	ADJ
faba-278	137	5	-	-	PUNCT
faba-278	137	6	term	term	NOUN
faba-278	137	7	debts	debt	NOUN
faba-278	137	8	had	have	VERB
faba-278	137	9	no	no	DET
faba-278	137	10	significance	significance	NOUN
faba-278	137	11	with	with	ADP
faba-278	137	12	no	no	DET
faba-278	137	13	impact	impact	NOUN
faba-278	137	14	on	on	ADP
faba-278	137	15	financial	financial	ADJ
faba-278	137	16	performance	performance	NOUN
faba-278	137	17	of	of	ADP
faba-278	137	18	the	the	DET
faba-278	137	19	listed	list	VERB
faba-278	137	20	firms	firm	NOUN
faba-278	137	21	within	within	ADP
faba-278	137	22	nigeria	nigeria	PROPN
faba-278	137	23	's	's	PART
faba-278	137	24	retail	retail	ADJ
faba-278	137	25	sector	sector	NOUN
faba-278	137	26	.	.	PUNCT
faba-278	138	1	conversely	conversely	ADV
faba-278	138	2	,	,	PUNCT
faba-278	138	3	equity	equity	NOUN
faba-278	138	4	(	(	PUNCT
faba-278	138	5	preference	preference	NOUN
faba-278	138	6	share	share	NOUN
faba-278	138	7	capital	capital	NOUN
faba-278	138	8	)	)	PUNCT
faba-278	138	9	demonstrated	demonstrate	VERB
faba-278	138	10	a	a	DET
faba-278	138	11	real	real	ADV
faba-278	138	12	significant	significant	ADJ
faba-278	138	13	effect	effect	NOUN
faba-278	138	14	on	on	ADP
faba-278	138	15	the	the	DET
faba-278	138	16	financial	financial	ADJ
faba-278	138	17	performance	performance	NOUN
faba-278	138	18	of	of	ADP
faba-278	138	19	these	these	DET
faba-278	138	20	listed	list	VERB
faba-278	138	21	firms	firm	NOUN
faba-278	138	22	.	.	PUNCT
faba-278	139	1	regarding	regard	VERB
faba-278	139	2	these	these	DET
faba-278	139	3	outcomes	outcome	NOUN
faba-278	139	4	,	,	PUNCT
faba-278	139	5	the	the	DET
faba-278	139	6	research	research	NOUN
faba-278	139	7	offered	offer	VERB
faba-278	139	8	valuable	valuable	ADJ
faba-278	139	9	recommendations	recommendation	NOUN
faba-278	139	10	for	for	ADP
faba-278	139	11	corporate	corporate	ADJ
faba-278	139	12	decision	decision	NOUN
faba-278	139	13	-	-	PUNCT
faba-278	139	14	making	making	NOUN
faba-278	139	15	.	.	PUNCT
faba-278	140	1	it	it	PRON
faba-278	140	2	emphasized	emphasize	VERB
faba-278	140	3	the	the	DET
faba-278	140	4	importance	importance	NOUN
faba-278	140	5	of	of	ADP
faba-278	140	6	companies	company	NOUN
faba-278	140	7	critically	critically	ADV
faba-278	140	8	evaluating	evaluate	VERB
faba-278	140	9	and	and	CCONJ
faba-278	140	10	comparing	compare	VERB
faba-278	140	11	the	the	DET
faba-278	140	12	costs	cost	NOUN
faba-278	140	13	associated	associate	VERB
faba-278	140	14	with	with	ADP
faba-278	140	15	obtaining	obtain	VERB
faba-278	140	16	various	various	ADJ
faba-278	140	17	sources	source	NOUN
faba-278	140	18	of	of	ADP
faba-278	140	19	capital	capital	NOUN
faba-278	140	20	against	against	ADP
faba-278	140	21	the	the	DET
faba-278	140	22	anticipated	anticipate	VERB
faba-278	140	23	benefits	benefit	NOUN
faba-278	140	24	.	.	PUNCT
faba-278	141	1	rather	rather	ADV
faba-278	141	2	than	than	ADP
faba-278	141	3	making	make	VERB
faba-278	141	4	capital	capital	NOUN
faba-278	141	5	structure	structure	NOUN
faba-278	141	6	decisions	decision	NOUN
faba-278	141	7	based	base	VERB
faba-278	141	8	on	on	ADP
faba-278	141	9	unfounded	unfounded	ADJ
faba-278	141	10	generalizations	generalization	NOUN
faba-278	141	11	,	,	PUNCT
faba-278	141	12	managers	manager	NOUN
faba-278	141	13	are	be	AUX
faba-278	141	14	encouraged	encourage	VERB
faba-278	141	15	to	to	PART
faba-278	141	16	conduct	conduct	VERB
faba-278	141	17	thorough	thorough	ADJ
faba-278	141	18	assessments	assessment	NOUN
faba-278	141	19	to	to	PART
faba-278	141	20	ensure	ensure	VERB
faba-278	141	21	a	a	DET
faba-278	141	22	favorable	favorable	ADJ
faba-278	141	23	outcome	outcome	NOUN
faba-278	141	24	.	.	PUNCT
faba-278	142	1	this	this	DET
faba-278	142	2	strategic	strategic	ADJ
faba-278	142	3	approach	approach	NOUN
faba-278	142	4	enables	enable	VERB
faba-278	142	5	managers	manager	NOUN
faba-278	142	6	to	to	PART
faba-278	142	7	optimize	optimize	VERB
faba-278	142	8	capital	capital	NOUN
faba-278	142	9	structure	structure	NOUN
faba-278	142	10	,	,	PUNCT
faba-278	142	11	thereby	thereby	ADV
faba-278	142	12	maximizing	maximize	VERB
faba-278	142	13	gains	gain	NOUN
faba-278	142	14	and	and	CCONJ
faba-278	142	15	enhancing	enhance	VERB
faba-278	142	16	overall	overall	ADJ
faba-278	142	17	financial	financial	ADJ
faba-278	142	18	performance	performance	NOUN
faba-278	142	19	.	.	PUNCT
faba-278	143	1	such	such	ADJ
faba-278	143	2	insights	insight	NOUN
faba-278	143	3	are	be	AUX
faba-278	143	4	instrumental	instrumental	ADJ
faba-278	143	5	in	in	ADP
faba-278	143	6	guiding	guide	VERB
faba-278	143	7	prudent	prudent	ADJ
faba-278	143	8	financial	financial	ADJ
faba-278	143	9	management	management	NOUN
faba-278	143	10	practices	practice	NOUN
faba-278	143	11	within	within	ADP
faba-278	143	12	the	the	DET
faba-278	143	13	consumer	consumer	NOUN
faba-278	143	14	goods	good	NOUN
faba-278	143	15	industry	industry	NOUN
faba-278	143	16	and	and	CCONJ
faba-278	143	17	beyond	beyond	ADP
faba-278	143	18	.	.	PUNCT
faba-278	144	1	in	in	ADP
faba-278	144	2	a	a	DET
faba-278	144	3	study	study	NOUN
faba-278	144	4	examining	examine	VERB
faba-278	144	5	85	85	NUM
faba-278	144	6	listed	list	VERB
faba-278	144	7	firms	firm	NOUN
faba-278	144	8	in	in	ADP
faba-278	144	9	tehran	tehran	PROPN
faba-278	144	10	,	,	PUNCT
faba-278	144	11	safari	safari	PROPN
faba-278	144	12	et	et	PROPN
faba-278	144	13	al	al	PROPN
faba-278	144	14	.	.	PUNCT
faba-278	145	1	(	(	PUNCT
faba-278	145	2	2016	2016	NUM
faba-278	145	3	)	)	PUNCT
faba-278	145	4	,	,	PUNCT
faba-278	145	5	researched	research	VERB
faba-278	145	6	on	on	ADP
faba-278	145	7	capital	capital	NOUN
faba-278	145	8	structure	structure	NOUN
faba-278	145	9	effects	effect	NOUN
faba-278	145	10	over	over	ADP
faba-278	145	11	performance	performance	NOUN
faba-278	145	12	.	.	PUNCT
faba-278	146	1	they	they	PRON
faba-278	146	2	realized	realize	VERB
faba-278	146	3	that	that	SCONJ
faba-278	146	4	variables	variable	NOUN
faba-278	146	5	for	for	ADP
faba-278	146	6	measuring	measure	VERB
faba-278	146	7	firm	firm	ADJ
faba-278	146	8	performance	performance	NOUN
faba-278	146	9	,	,	PUNCT
faba-278	146	10	that	that	PRON
faba-278	146	11	include	include	VERB
faba-278	146	12	return	return	NOUN
faba-278	146	13	on	on	ADP
faba-278	146	14	assets	asset	NOUN
faba-278	146	15	and	and	CCONJ
faba-278	146	16	return	return	VERB
faba-278	146	17	on	on	ADP
faba-278	146	18	equity	equity	NOUN
faba-278	146	19	,	,	PUNCT
faba-278	146	20	market	market	NOUN
faba-278	146	21	value	value	NOUN
faba-278	146	22	of	of	ADP
faba-278	146	23	equity	equity	NOUN
faba-278	146	24	to	to	ADP
faba-278	146	25	book	book	NOUN
faba-278	146	26	value	value	NOUN
faba-278	146	27	of	of	ADP
faba-278	146	28	equity	equity	NOUN
faba-278	146	29	and	and	CCONJ
faba-278	146	30	tobin	tobin	NOUN
faba-278	146	31	's	's	PART
faba-278	146	32	q	q	NOUN
faba-278	146	33	,	,	PUNCT
faba-278	146	34	exhibited	exhibit	VERB
faba-278	146	35	positivity	positivity	NOUN
faba-278	146	36	worth	worth	ADJ
faba-278	146	37	of	of	ADP
faba-278	146	38	significance	significance	NOUN
faba-278	146	39	in	in	ADP
faba-278	146	40	relation	relation	NOUN
faba-278	146	41	to	to	ADP
faba-278	146	42	capital	capital	NOUN
faba-278	146	43	structure	structure	NOUN
faba-278	146	44	.	.	PUNCT
faba-278	147	1	similarly	similarly	ADV
faba-278	147	2	,	,	PUNCT
faba-278	147	3	in	in	ADP
faba-278	147	4	the	the	DET
faba-278	147	5	other	other	ADJ
faba-278	147	6	examination	examination	NOUN
faba-278	147	7	involving	involve	VERB
faba-278	147	8	63	63	NUM
faba-278	147	9	listed	list	VERB
faba-278	147	10	pakistan	pakistan	ADJ
faba-278	147	11	firms	firm	NOUN
faba-278	147	12	,	,	PUNCT
faba-278	147	13	researchers	researcher	NOUN
faba-278	147	14	discovered	discover	VERB
faba-278	147	15	a	a	DET
faba-278	147	16	positive	positive	ADJ
faba-278	147	17	effect	effect	NOUN
faba-278	147	18	on	on	ADP
faba-278	147	19	capital	capital	NOUN
faba-278	147	20	structure	structure	NOUN
faba-278	147	21	components	component	NOUN
faba-278	147	22	on	on	ADP
faba-278	147	23	roa	roa	PROPN
faba-278	147	24	.	.	PUNCT
faba-278	148	1	specifically	specifically	ADV
faba-278	148	2	,	,	PUNCT
faba-278	148	3	the	the	DET
faba-278	148	4	debt	debt	NOUN
faba-278	148	5	to	to	ADP
faba-278	148	6	total	total	ADJ
faba-278	148	7	assets	asset	NOUN
faba-278	148	8	ratio	ratio	NOUN
faba-278	148	9	was	be	AUX
faba-278	148	10	found	find	VERB
faba-278	148	11	to	to	PART
faba-278	148	12	positively	positively	ADV
faba-278	148	13	influence	influence	VERB
faba-278	148	14	return	return	NOUN
faba-278	148	15	on	on	ADP
faba-278	148	16	equity	equity	NOUN
faba-278	148	17	,	,	PUNCT
faba-278	148	18	while	while	SCONJ
faba-278	148	19	equity	equity	NOUN
faba-278	148	20	over	over	ADP
faba-278	148	21	assets	asset	NOUN
faba-278	148	22	and	and	CCONJ
faba-278	148	23	long	long	ADJ
faba-278	148	24	-	-	PUNCT
faba-278	148	25	term	term	NOUN
faba-278	148	26	debts	debt	NOUN
faba-278	148	27	over	over	ADP
faba-278	148	28	assets	asset	NOUN
faba-278	148	29	demonstrated	demonstrate	VERB
faba-278	148	30	a	a	DET
faba-278	148	31	negativity	negativity	NOUN
faba-278	148	32	on	on	ADP
faba-278	148	33	return	return	NOUN
faba-278	148	34	on	on	ADP
faba-278	148	35	equity	equity	NOUN
faba-278	148	36	.	.	PUNCT
faba-278	149	1	these	these	DET
faba-278	149	2	findings	finding	NOUN
faba-278	149	3	highlight	highlight	VERB
faba-278	149	4	the	the	DET
faba-278	149	5	intricate	intricate	ADJ
faba-278	149	6	correlation	correlation	NOUN
faba-278	149	7	between	between	ADP
faba-278	149	8	firm	firm	NOUN
faba-278	149	9	’s	’s	PART
faba-278	149	10	profitability	profitability	NOUN
faba-278	149	11	and	and	CCONJ
faba-278	149	12	capital	capital	NOUN
faba-278	149	13	structure	structure	NOUN
faba-278	149	14	,	,	PUNCT
faba-278	149	15	exhibiting	exhibit	VERB
faba-278	149	16	important	important	ADJ
faba-278	149	17	insights	insight	NOUN
faba-278	149	18	for	for	ADP
faba-278	149	19	strategic	strategic	ADJ
faba-278	149	20	decision	decision	NOUN
faba-278	149	21	processes	process	NOUN
faba-278	149	22	in	in	ADP
faba-278	149	23	corporate	corporate	ADJ
faba-278	149	24	finance	finance	NOUN
faba-278	149	25	.	.	PUNCT
faba-278	150	1	methods	method	NOUN
faba-278	150	2	the	the	DET
faba-278	150	3	methodology	methodology	NOUN
faba-278	150	4	of	of	ADP
faba-278	150	5	this	this	DET
faba-278	150	6	study	study	NOUN
faba-278	150	7	adopted	adopt	VERB
faba-278	150	8	a	a	DET
faba-278	150	9	mixed	mixed	ADJ
faba-278	150	10	methods	method	NOUN
faba-278	150	11	approach	approach	NOUN
faba-278	150	12	,	,	PUNCT
faba-278	150	13	drawing	draw	VERB
faba-278	150	14	from	from	ADP
faba-278	150	15	a	a	DET
faba-278	150	16	fusion	fusion	NOUN
faba-278	150	17	of	of	ADP
faba-278	150	18	positivistic	positivistic	NOUN
faba-278	150	19	and	and	CCONJ
faba-278	150	20	naturalistic	naturalistic	ADJ
faba-278	150	21	perspectives	perspective	NOUN
faba-278	150	22	within	within	ADP
faba-278	150	23	research	research	NOUN
faba-278	150	24	philosophy	philosophy	NOUN
faba-278	150	25	.	.	PUNCT
faba-278	151	1	as	as	SCONJ
faba-278	151	2	articulated	articulate	VERB
faba-278	151	3	by	by	ADP
faba-278	151	4	trochim	trochim	NOUN
faba-278	151	5	(	(	PUNCT
faba-278	151	6	2016	2016	NUM
faba-278	151	7	)	)	PUNCT
faba-278	151	8	,	,	PUNCT
faba-278	151	9	research	research	NOUN
faba-278	151	10	design	design	NOUN
faba-278	151	11	opines	opine	VERB
faba-278	151	12	as	as	ADP
faba-278	151	13	the	the	DET
faba-278	151	14	cohesive	cohesive	ADJ
faba-278	151	15	framework	framework	NOUN
faba-278	151	16	that	that	PRON
faba-278	151	17	bonds	bond	VERB
faba-278	151	18	together	together	ADV
faba-278	151	19	the	the	DET
faba-278	151	20	various	various	ADJ
faba-278	151	21	elements	element	NOUN
faba-278	151	22	of	of	ADP
faba-278	151	23	a	a	DET
faba-278	151	24	research	research	NOUN
faba-278	151	25	endeavor	endeavor	NOUN
faba-278	151	26	.	.	PUNCT
faba-278	152	1	in	in	ADP
faba-278	152	2	alignment	alignment	NOUN
faba-278	152	3	with	with	ADP
faba-278	152	4	these	these	DET
faba-278	152	5	principles	principle	NOUN
faba-278	152	6	,	,	PUNCT
faba-278	152	7	the	the	DET
faba-278	152	8	study	study	NOUN
faba-278	152	9	embraced	embrace	VERB
faba-278	152	10	a	a	DET
faba-278	152	11	causal	causal	ADJ
faba-278	152	12	research	research	NOUN
faba-278	152	13	design	design	NOUN
faba-278	152	14	,	,	PUNCT
faba-278	152	15	selected	select	VERB
faba-278	152	16	for	for	ADP
faba-278	152	17	its	its	PRON
faba-278	152	18	quantitative	quantitative	ADJ
faba-278	152	19	orientation	orientation	NOUN
faba-278	152	20	and	and	CCONJ
faba-278	152	21	inherent	inherent	ADJ
faba-278	152	22	pre	pre	ADJ
faba-278	152	23	-	-	VERB
faba-278	152	24	planned	planned	ADJ
faba-278	152	25	,	,	PUNCT
faba-278	152	26	structured	structured	ADJ
faba-278	152	27	methodology	methodology	NOUN
faba-278	152	28	.	.	PUNCT
faba-278	153	1	in	in	ADP
faba-278	153	2	line	line	NOUN
faba-278	153	3	with	with	ADP
faba-278	153	4	the	the	DET
faba-278	153	5	outlined	outline	VERB
faba-278	153	6	parameters	parameter	NOUN
faba-278	153	7	,	,	PUNCT
faba-278	153	8	the	the	DET
faba-278	153	9	unit	unit	NOUN
faba-278	153	10	of	of	ADP
faba-278	153	11	inquiry	inquiry	NOUN
faba-278	153	12	for	for	ADP
faba-278	153	13	this	this	DET
faba-278	153	14	a.	a.	NOUN
faba-278	153	15	j.	j.	PROPN
faba-278	153	16	lumbasio	lumbasio	PROPN
faba-278	153	17	,	,	PUNCT
faba-278	153	18	m.	m.	NOUN
faba-278	153	19	onsiro	onsiro	NOUN
faba-278	153	20	and	and	CCONJ
faba-278	153	21	i.	i.	PROPN
faba-278	153	22	abuga	abuga	PROPN
faba-278	153	23	/	/	SYM
faba-278	153	24	finance	finance	NOUN
faba-278	153	25	,	,	PUNCT
faba-278	153	26	accounting	accounting	NOUN
faba-278	153	27	and	and	CCONJ
faba-278	153	28	business	business	NOUN
faba-278	153	29	analysis	analysis	NOUN
faba-278	153	30	,	,	PUNCT
faba-278	153	31	volume	volume	NOUN
faba-278	153	32	7	7	NUM
faba-278	153	33	,	,	PUNCT
faba-278	153	34	issue	issue	NOUN
faba-278	153	35	2	2	NUM
faba-278	153	36	,	,	PUNCT
faba-278	153	37	2025	2025	NUM
faba-278	153	38	288	288	NUM
faba-278	153	39	study	study	NOUN
faba-278	153	40	consisted	consist	VERB
faba-278	153	41	of	of	ADP
faba-278	153	42	248	248	NUM
faba-278	153	43	line	line	NOUN
faba-278	153	44	managers	manager	NOUN
faba-278	153	45	drawn	draw	VERB
faba-278	153	46	from	from	ADP
faba-278	153	47	the	the	DET
faba-278	153	48	manufacturing	manufacturing	NOUN
faba-278	153	49	and	and	CCONJ
faba-278	153	50	allied	ally	VERB
faba-278	153	51	companies	company	NOUN
faba-278	153	52	listed	list	VERB
faba-278	153	53	on	on	ADP
faba-278	153	54	the	the	DET
faba-278	153	55	nairobi	nairobi	PROPN
faba-278	153	56	securities	securities	PROPN
faba-278	153	57	exchange	exchange	PROPN
faba-278	153	58	.	.	PUNCT
faba-278	154	1	this	this	DET
faba-278	154	2	distribution	distribution	NOUN
faba-278	154	3	is	be	AUX
faba-278	154	4	clearly	clearly	ADV
faba-278	154	5	delineated	delineate	VERB
faba-278	154	6	in	in	ADP
faba-278	154	7	the	the	DET
faba-278	154	8	accompanying	accompanying	ADJ
faba-278	154	9	form	form	NOUN
faba-278	154	10	,	,	PUNCT
faba-278	154	11	ensuring	ensure	VERB
faba-278	154	12	transparency	transparency	NOUN
faba-278	154	13	and	and	CCONJ
faba-278	154	14	precision	precision	NOUN
faba-278	154	15	in	in	ADP
faba-278	154	16	the	the	DET
faba-278	154	17	research	research	NOUN
faba-278	154	18	methodology	methodology	NOUN
faba-278	154	19	.	.	PUNCT
faba-278	155	1	this	this	DET
faba-278	155	2	study	study	NOUN
faba-278	155	3	employed	employ	VERB
faba-278	155	4	the	the	DET
faba-278	155	5	census	census	NOUN
faba-278	155	6	method	method	NOUN
faba-278	155	7	,	,	PUNCT
faba-278	155	8	an	an	DET
faba-278	155	9	approach	approach	NOUN
faba-278	155	10	that	that	PRON
faba-278	155	11	involves	involve	VERB
faba-278	155	12	examining	examine	VERB
faba-278	155	13	every	every	DET
faba-278	155	14	unit	unit	NOUN
faba-278	155	15	,	,	PUNCT
faba-278	155	16	individual	individual	NOUN
faba-278	155	17	,	,	PUNCT
faba-278	155	18	or	or	CCONJ
faba-278	155	19	element	element	NOUN
faba-278	155	20	within	within	ADP
faba-278	155	21	an	an	DET
faba-278	155	22	entire	entire	ADJ
faba-278	155	23	population	population	NOUN
faba-278	155	24	.	.	PUNCT
faba-278	156	1	essentially	essentially	ADV
faba-278	156	2	,	,	PUNCT
faba-278	156	3	a	a	DET
faba-278	156	4	census	census	NOUN
faba-278	156	5	method	method	NOUN
faba-278	156	6	constitutes	constitute	VERB
faba-278	156	7	a	a	DET
faba-278	156	8	comprehensive	comprehensive	ADJ
faba-278	156	9	enumeration	enumeration	NOUN
faba-278	156	10	,	,	PUNCT
faba-278	156	11	ensuring	ensure	VERB
faba-278	156	12	a	a	DET
faba-278	156	13	thorough	thorough	ADJ
faba-278	156	14	and	and	CCONJ
faba-278	156	15	exhaustive	exhaustive	ADJ
faba-278	156	16	count	count	NOUN
faba-278	156	17	.	.	PUNCT
faba-278	157	1	within	within	ADP
faba-278	157	2	these	these	DET
faba-278	157	3	firms	firm	NOUN
faba-278	157	4	,	,	PUNCT
faba-278	157	5	the	the	DET
faba-278	157	6	respondents	respondent	NOUN
faba-278	157	7	comprised	comprise	VERB
faba-278	157	8	all	all	DET
faba-278	157	9	248	248	NUM
faba-278	157	10	line	line	NOUN
faba-278	157	11	managers	manager	NOUN
faba-278	157	12	working	work	VERB
faba-278	157	13	in	in	ADP
faba-278	157	14	finance	finance	NOUN
faba-278	157	15	,	,	PUNCT
faba-278	157	16	financial	financial	ADJ
faba-278	157	17	management	management	NOUN
faba-278	157	18	,	,	PUNCT
faba-278	157	19	and	and	CCONJ
faba-278	157	20	related	related	ADJ
faba-278	157	21	departments	department	NOUN
faba-278	157	22	.	.	PUNCT
faba-278	158	1	this	this	DET
faba-278	158	2	approach	approach	NOUN
faba-278	158	3	ensures	ensure	VERB
faba-278	158	4	a	a	DET
faba-278	158	5	representative	representative	ADJ
faba-278	158	6	and	and	CCONJ
faba-278	158	7	thorough	thorough	ADJ
faba-278	158	8	examination	examination	NOUN
faba-278	158	9	of	of	ADP
faba-278	158	10	the	the	DET
faba-278	158	11	targeted	target	VERB
faba-278	158	12	population	population	NOUN
faba-278	158	13	,	,	PUNCT
faba-278	158	14	thus	thus	ADV
faba-278	158	15	factoring	factor	VERB
faba-278	158	16	the	the	DET
faba-278	158	17	robustness	robustness	NOUN
faba-278	158	18	and	and	CCONJ
faba-278	158	19	reliability	reliability	NOUN
faba-278	158	20	of	of	ADP
faba-278	158	21	the	the	DET
faba-278	158	22	study	study	NOUN
faba-278	158	23	’s	’s	PART
faba-278	158	24	outcomes	outcome	NOUN
faba-278	158	25	.	.	PUNCT
faba-278	159	1	in	in	ADP
faba-278	159	2	this	this	DET
faba-278	159	3	assessment	assessment	NOUN
faba-278	159	4	,	,	PUNCT
faba-278	159	5	a	a	DET
faba-278	159	6	comprehensive	comprehensive	ADJ
faba-278	159	7	approach	approach	NOUN
faba-278	159	8	was	be	AUX
faba-278	159	9	adopted	adopt	VERB
faba-278	159	10	to	to	PART
faba-278	159	11	gather	gather	VERB
faba-278	159	12	data	datum	NOUN
faba-278	159	13	from	from	ADP
faba-278	159	14	finance	finance	NOUN
faba-278	159	15	line	line	NOUN
faba-278	159	16	managers	manager	NOUN
faba-278	159	17	of	of	ADP
faba-278	159	18	manufacturing	manufacturing	NOUN
faba-278	159	19	and	and	CCONJ
faba-278	159	20	allied	ally	VERB
faba-278	159	21	firms	firm	NOUN
faba-278	159	22	registered	register	VERB
faba-278	159	23	at	at	ADP
faba-278	159	24	the	the	DET
faba-278	159	25	securities	security	NOUN
faba-278	159	26	exchange	exchange	NOUN
faba-278	159	27	market	market	NOUN
faba-278	159	28	(	(	PUNCT
faba-278	159	29	nse	nse	NOUN
faba-278	159	30	)	)	PUNCT
faba-278	159	31	.	.	PUNCT
faba-278	160	1	both	both	PRON
faba-278	160	2	open	open	ADJ
faba-278	160	3	and	and	CCONJ
faba-278	160	4	closed	closed	ADJ
faba-278	160	5	-	-	PUNCT
faba-278	160	6	ended	end	VERB
faba-278	160	7	questionnaires	questionnaire	NOUN
faba-278	160	8	were	be	AUX
faba-278	160	9	utilized	utilize	VERB
faba-278	160	10	for	for	ADP
faba-278	160	11	purposes	purpose	NOUN
faba-278	160	12	of	of	ADP
faba-278	160	13	ensuring	ensure	VERB
faba-278	160	14	a	a	DET
faba-278	160	15	thorough	thorough	ADJ
faba-278	160	16	examination	examination	NOUN
faba-278	160	17	of	of	ADP
faba-278	160	18	the	the	DET
faba-278	160	19	pertinent	pertinent	ADJ
faba-278	160	20	factors	factor	NOUN
faba-278	160	21	.	.	PUNCT
faba-278	161	1	these	these	DET
faba-278	161	2	questionnaires	questionnaire	NOUN
faba-278	161	3	encompassed	encompass	VERB
faba-278	161	4	inquiries	inquiry	NOUN
faba-278	161	5	into	into	ADP
faba-278	161	6	various	various	ADJ
faba-278	161	7	aspects	aspect	NOUN
faba-278	161	8	of	of	ADP
faba-278	161	9	firm	firm	ADJ
faba-278	161	10	performance	performance	NOUN
faba-278	161	11	,	,	PUNCT
faba-278	161	12	particularly	particularly	ADV
faba-278	161	13	focusing	focus	VERB
faba-278	161	14	on	on	ADP
faba-278	161	15	the	the	DET
faba-278	161	16	utilization	utilization	NOUN
faba-278	161	17	of	of	ADP
faba-278	161	18	equity	equity	NOUN
faba-278	161	19	,	,	PUNCT
faba-278	161	20	debt	debt	NOUN
faba-278	161	21	,	,	PUNCT
faba-278	161	22	preference	preference	NOUN
faba-278	161	23	,	,	PUNCT
faba-278	161	24	retained	retain	VERB
faba-278	161	25	earnings	earning	NOUN
faba-278	161	26	,	,	PUNCT
faba-278	161	27	and	and	CCONJ
faba-278	161	28	the	the	DET
faba-278	161	29	influence	influence	NOUN
faba-278	161	30	of	of	ADP
faba-278	161	31	foreign	foreign	ADJ
faba-278	161	32	investment	investment	NOUN
faba-278	161	33	.	.	PUNCT
faba-278	162	1	the	the	DET
faba-278	162	2	closed	close	VERB
faba-278	162	3	-	-	PUNCT
faba-278	162	4	ended	end	VERB
faba-278	162	5	questionnaires	questionnaire	NOUN
faba-278	162	6	were	be	AUX
faba-278	162	7	structured	structure	VERB
faba-278	162	8	using	use	VERB
faba-278	162	9	a	a	DET
faba-278	162	10	likert	likert	ADJ
faba-278	162	11	scale	scale	NOUN
faba-278	162	12	format	format	NOUN
faba-278	162	13	,	,	PUNCT
faba-278	162	14	providing	provide	VERB
faba-278	162	15	respondents	respondent	NOUN
faba-278	162	16	with	with	ADP
faba-278	162	17	a	a	DET
faba-278	162	18	spectrum	spectrum	NOUN
faba-278	162	19	of	of	ADP
faba-278	162	20	options	option	NOUN
faba-278	162	21	ranging	range	VERB
faba-278	162	22	from	from	ADP
faba-278	162	23	“	"	PUNCT
faba-278	162	24	strongly	strongly	ADV
faba-278	162	25	disagree	disagree	VERB
faba-278	162	26	”	"	PUNCT
faba-278	162	27	to	to	PART
faba-278	162	28	“	"	PUNCT
faba-278	162	29	strongly	strongly	ADV
faba-278	162	30	agree	agree	VERB
faba-278	162	31	.	.	PUNCT
faba-278	162	32	”	"	PUNCT
faba-278	163	1	this	this	DET
faba-278	163	2	systematic	systematic	ADJ
faba-278	163	3	approach	approach	NOUN
faba-278	163	4	enabled	enable	VERB
faba-278	163	5	precise	precise	ADJ
faba-278	163	6	measurement	measurement	NOUN
faba-278	163	7	and	and	CCONJ
faba-278	163	8	analysis	analysis	NOUN
faba-278	163	9	,	,	PUNCT
faba-278	163	10	ensuring	ensure	VERB
faba-278	163	11	robust	robust	ADJ
faba-278	163	12	and	and	CCONJ
faba-278	163	13	reliable	reliable	ADJ
faba-278	163	14	deep	deep	ADJ
faba-278	163	15	understanding	understanding	NOUN
faba-278	163	16	into	into	ADP
faba-278	163	17	the	the	DET
faba-278	163	18	relationships	relationship	NOUN
faba-278	163	19	between	between	ADP
faba-278	163	20	capital	capital	NOUN
faba-278	163	21	structure	structure	NOUN
faba-278	163	22	decisions	decision	NOUN
faba-278	163	23	and	and	CCONJ
faba-278	163	24	organizational	organizational	ADJ
faba-278	163	25	performance	performance	NOUN
faba-278	163	26	within	within	ADP
faba-278	163	27	the	the	DET
faba-278	163	28	manufacturing	manufacturing	NOUN
faba-278	163	29	and	and	CCONJ
faba-278	163	30	allied	allied	ADJ
faba-278	163	31	sectors	sector	NOUN
faba-278	163	32	.	.	PUNCT
faba-278	164	1	in	in	ADP
faba-278	164	2	relation	relation	NOUN
faba-278	164	3	to	to	ADP
faba-278	164	4	the	the	DET
faba-278	164	5	findings	finding	NOUN
faba-278	164	6	of	of	ADP
faba-278	164	7	this	this	DET
faba-278	164	8	research	research	NOUN
faba-278	164	9	exercise	exercise	NOUN
faba-278	164	10	,	,	PUNCT
faba-278	164	11	the	the	DET
faba-278	164	12	methodology	methodology	NOUN
faba-278	164	13	of	of	ADP
faba-278	164	14	data	datum	NOUN
faba-278	164	15	collection	collection	NOUN
faba-278	164	16	involved	involve	VERB
faba-278	164	17	a	a	DET
faba-278	164	18	combination	combination	NOUN
faba-278	164	19	of	of	ADP
faba-278	164	20	primary	primary	ADJ
faba-278	164	21	and	and	CCONJ
faba-278	164	22	secondary	secondary	ADJ
faba-278	164	23	approaches	approach	NOUN
faba-278	164	24	.	.	PUNCT
faba-278	165	1	this	this	DET
faba-278	165	2	strategic	strategic	ADJ
faba-278	165	3	blend	blend	NOUN
faba-278	165	4	is	be	AUX
faba-278	165	5	chosen	choose	VERB
faba-278	165	6	because	because	SCONJ
faba-278	165	7	it	it	PRON
faba-278	165	8	leverages	leverage	VERB
faba-278	165	9	both	both	PRON
faba-278	165	10	firsthand	firsthand	ADV
faba-278	165	11	and	and	CCONJ
faba-278	165	12	existing	exist	VERB
faba-278	165	13	information	information	NOUN
faba-278	165	14	,	,	PUNCT
faba-278	165	15	ensuring	ensure	VERB
faba-278	165	16	a	a	DET
faba-278	165	17	comprehensive	comprehensive	ADJ
faba-278	165	18	analysis	analysis	NOUN
faba-278	165	19	.	.	PUNCT
faba-278	166	1	primary	primary	ADJ
faba-278	166	2	data	datum	NOUN
faba-278	166	3	to	to	PART
faba-278	166	4	be	be	AUX
faba-278	166	5	used	use	VERB
faba-278	166	6	will	will	AUX
faba-278	166	7	be	be	AUX
faba-278	166	8	gathered	gather	VERB
faba-278	166	9	through	through	ADP
faba-278	166	10	structured	structured	ADJ
faba-278	166	11	interviews	interview	NOUN
faba-278	166	12	and	and	CCONJ
faba-278	166	13	the	the	DET
faba-278	166	14	completion	completion	NOUN
faba-278	166	15	of	of	ADP
faba-278	166	16	predefined	predefine	VERB
faba-278	166	17	questionnaires	questionnaire	NOUN
faba-278	166	18	by	by	ADP
faba-278	166	19	selected	select	VERB
faba-278	166	20	respondents	respondent	NOUN
faba-278	166	21	.	.	PUNCT
faba-278	167	1	meanwhile	meanwhile	ADV
faba-278	167	2	,	,	PUNCT
faba-278	167	3	secondary	secondary	ADJ
faba-278	167	4	data	datum	NOUN
faba-278	167	5	was	be	AUX
faba-278	167	6	acquired	acquire	VERB
faba-278	167	7	using	use	VERB
faba-278	167	8	a	a	DET
faba-278	167	9	designed	design	VERB
faba-278	167	10	data	datum	NOUN
faba-278	167	11	collection	collection	NOUN
faba-278	167	12	schedule	schedule	NOUN
faba-278	167	13	tool	tool	NOUN
faba-278	167	14	,	,	PUNCT
faba-278	167	15	facilitating	facilitate	VERB
faba-278	167	16	the	the	DET
faba-278	167	17	extraction	extraction	NOUN
faba-278	167	18	of	of	ADP
faba-278	167	19	insights	insight	NOUN
faba-278	167	20	from	from	ADP
faba-278	167	21	various	various	ADJ
faba-278	167	22	sources	source	NOUN
faba-278	167	23	such	such	ADJ
faba-278	167	24	as	as	ADP
faba-278	167	25	company	company	NOUN
faba-278	167	26	profiles	profile	NOUN
faba-278	167	27	,	,	PUNCT
faba-278	167	28	financial	financial	ADJ
faba-278	167	29	statements	statement	NOUN
faba-278	167	30	,	,	PUNCT
faba-278	167	31	and	and	CCONJ
faba-278	167	32	other	other	ADJ
faba-278	167	33	pertinent	pertinent	NOUN
faba-278	167	34	published	publish	VERB
faba-278	167	35	reports	report	NOUN
faba-278	167	36	between	between	ADP
faba-278	167	37	a	a	DET
faba-278	167	38	7	7	NUM
faba-278	167	39	-	-	PUNCT
faba-278	167	40	year	year	NOUN
faba-278	167	41	period	period	NOUN
faba-278	167	42	from	from	ADP
faba-278	167	43	2016	2016	NUM
faba-278	167	44	to	to	ADP
faba-278	167	45	2023	2023	NUM
faba-278	167	46	.	.	PUNCT
faba-278	168	1	financial	financial	ADJ
faba-278	168	2	performance	performance	NOUN
faba-278	168	3	was	be	AUX
faba-278	168	4	measured	measure	VERB
faba-278	168	5	by	by	ADP
faba-278	168	6	return	return	NOUN
faba-278	168	7	on	on	ADP
faba-278	168	8	assets	asset	NOUN
faba-278	168	9	ratio	ratio	NOUN
faba-278	168	10	.	.	PUNCT
faba-278	169	1	by	by	ADP
faba-278	169	2	employing	employ	VERB
faba-278	169	3	a	a	DET
faba-278	169	4	comprehensive	comprehensive	ADJ
faba-278	169	5	approach	approach	NOUN
faba-278	169	6	,	,	PUNCT
faba-278	169	7	the	the	DET
faba-278	169	8	analysis	analysis	NOUN
faba-278	169	9	encompassed	encompass	VERB
faba-278	169	10	statistical	statistical	ADJ
faba-278	169	11	methods	method	NOUN
faba-278	169	12	such	such	ADJ
faba-278	169	13	as	as	ADP
faba-278	169	14	mean	mean	ADJ
faba-278	169	15	calculation	calculation	NOUN
faba-278	169	16	,	,	PUNCT
faba-278	169	17	correlation	correlation	NOUN
faba-278	169	18	assessment	assessment	NOUN
faba-278	169	19	,	,	PUNCT
faba-278	169	20	simple	simple	ADJ
faba-278	169	21	regression	regression	NOUN
faba-278	169	22	modeling	modeling	NOUN
faba-278	169	23	,	,	PUNCT
faba-278	169	24	and	and	CCONJ
faba-278	169	25	anova	anova	PROPN
faba-278	169	26	f	f	X
faba-278	169	27	-	-	PUNCT
faba-278	169	28	test	test	NOUN
faba-278	169	29	application	application	NOUN
faba-278	169	30	.	.	PUNCT
faba-278	170	1	the	the	DET
faba-278	170	2	outcomes	outcome	NOUN
faba-278	170	3	of	of	ADP
faba-278	170	4	this	this	DET
faba-278	170	5	rigorous	rigorous	ADJ
faba-278	170	6	analysis	analysis	NOUN
faba-278	170	7	were	be	AUX
faba-278	170	8	elucidated	elucidate	VERB
faba-278	170	9	and	and	CCONJ
faba-278	170	10	exhibited	exhibit	VERB
faba-278	170	11	by	by	ADP
faba-278	170	12	use	use	NOUN
faba-278	170	13	of	of	ADP
faba-278	170	14	clear	clear	ADJ
faba-278	170	15	and	and	CCONJ
faba-278	170	16	concise	concise	ADJ
faba-278	170	17	figures	figure	NOUN
faba-278	170	18	and	and	CCONJ
faba-278	170	19	tables	table	NOUN
faba-278	170	20	.	.	PUNCT
faba-278	171	1	notably	notably	ADV
faba-278	171	2	,	,	PUNCT
faba-278	171	3	correlation	correlation	NOUN
faba-278	171	4	emerges	emerge	VERB
faba-278	171	5	as	as	ADP
faba-278	171	6	a	a	DET
faba-278	171	7	vital	vital	ADJ
faba-278	171	8	statistic	statistic	NOUN
faba-278	171	9	,	,	PUNCT
faba-278	171	10	delineating	delineate	VERB
faba-278	171	11	the	the	DET
faba-278	171	12	interrelationship	interrelationship	NOUN
faba-278	171	13	among	among	ADP
faba-278	171	14	the	the	DET
faba-278	171	15	variables	variable	NOUN
faba-278	171	16	employed	employ	VERB
faba-278	171	17	.	.	PUNCT
faba-278	172	1	additionally	additionally	ADV
faba-278	172	2	,	,	PUNCT
faba-278	172	3	measures	measure	NOUN
faba-278	172	4	of	of	ADP
faba-278	172	5	central	central	ADJ
faba-278	172	6	tendency	tendency	NOUN
faba-278	172	7	were	be	AUX
faba-278	172	8	employed	employ	VERB
faba-278	172	9	to	to	PART
faba-278	172	10	provide	provide	VERB
faba-278	172	11	further	further	ADJ
faba-278	172	12	insight	insight	NOUN
faba-278	172	13	into	into	ADP
faba-278	172	14	the	the	DET
faba-278	172	15	data	datum	NOUN
faba-278	172	16	.	.	PUNCT
faba-278	173	1	regression	regression	NOUN
faba-278	173	2	analysis	analysis	NOUN
faba-278	173	3	,	,	PUNCT
faba-278	173	4	a	a	DET
faba-278	173	5	potent	potent	ADJ
faba-278	173	6	tool	tool	NOUN
faba-278	173	7	for	for	ADP
faba-278	173	8	probing	probe	VERB
faba-278	173	9	causal	causal	ADJ
faba-278	173	10	relationships	relationship	NOUN
faba-278	173	11	,	,	PUNCT
faba-278	173	12	was	be	AUX
faba-278	173	13	employed	employ	VERB
faba-278	173	14	in	in	ADP
faba-278	173	15	the	the	DET
faba-278	173	16	study	study	NOUN
faba-278	173	17	.	.	PUNCT
faba-278	174	1	in	in	ADP
faba-278	174	2	order	order	NOUN
faba-278	174	3	to	to	PART
faba-278	174	4	ensure	ensure	VERB
faba-278	174	5	the	the	DET
faba-278	174	6	conclusiveness	conclusiveness	NOUN
faba-278	174	7	of	of	ADP
faba-278	174	8	the	the	DET
faba-278	174	9	analysis	analysis	NOUN
faba-278	174	10	,	,	PUNCT
faba-278	174	11	collected	collect	VERB
faba-278	174	12	data	datum	NOUN
faba-278	174	13	underwent	underwent	ADJ
faba-278	174	14	scrutiny	scrutiny	NOUN
faba-278	174	15	through	through	ADP
faba-278	174	16	the	the	DET
faba-278	174	17	shapiro	shapiro	PROPN
faba-278	174	18	-	-	PUNCT
faba-278	174	19	wilk	wilk	NOUN
faba-278	174	20	test	test	NOUN
faba-278	174	21	in	in	ADP
faba-278	174	22	order	order	NOUN
faba-278	174	23	to	to	PART
faba-278	174	24	ascertain	ascertain	VERB
faba-278	174	25	its	its	PRON
faba-278	174	26	normality	normality	NOUN
faba-278	174	27	.	.	PUNCT
faba-278	175	1	the	the	DET
faba-278	175	2	researcher	researcher	NOUN
faba-278	175	3	adhered	adhere	VERB
faba-278	175	4	to	to	ADP
faba-278	175	5	a	a	DET
faba-278	175	6	significance	significance	NOUN
faba-278	175	7	level	level	NOUN
faba-278	175	8	of	of	ADP
faba-278	175	9	0.05	0.05	NUM
faba-278	175	10	,	,	PUNCT
faba-278	175	11	ensuring	ensure	VERB
faba-278	175	12	a	a	DET
faba-278	175	13	rigorous	rigorous	ADJ
faba-278	175	14	and	and	CCONJ
faba-278	175	15	methodical	methodical	ADJ
faba-278	175	16	approach	approach	NOUN
faba-278	175	17	throughout	throughout	ADP
faba-278	175	18	the	the	DET
faba-278	175	19	analytical	analytical	ADJ
faba-278	175	20	process	process	NOUN
faba-278	175	21	.	.	PUNCT
faba-278	176	1	results	result	NOUN
faba-278	176	2	and	and	CCONJ
faba-278	176	3	discussions	discussion	NOUN
faba-278	176	4	this	this	DET
faba-278	176	5	section	section	NOUN
faba-278	176	6	presents	present	VERB
faba-278	176	7	the	the	DET
faba-278	176	8	descriptive	descriptive	ADJ
faba-278	176	9	statistics	statistic	NOUN
faba-278	176	10	,	,	PUNCT
faba-278	176	11	regression	regression	VERB
faba-278	176	12	analysis	analysis	NOUN
faba-278	176	13	and	and	CCONJ
faba-278	176	14	the	the	DET
faba-278	176	15	discussion	discussion	NOUN
faba-278	176	16	of	of	ADP
faba-278	176	17	the	the	DET
faba-278	176	18	study	study	NOUN
faba-278	176	19	findings	finding	NOUN
faba-278	176	20	.	.	PUNCT
faba-278	177	1	descriptive	descriptive	ADJ
faba-278	177	2	statistics	statistic	NOUN
faba-278	177	3	table	table	NOUN
faba-278	177	4	1	1	NUM
faba-278	177	5	.	.	PUNCT
faba-278	178	1	preference	preference	NOUN
faba-278	178	2	shares	share	NOUN
faba-278	178	3	preference	preference	PROPN
faba-278	178	4	shares	share	NOUN
faba-278	178	5	component	component	NOUN
faba-278	178	6	mean	mean	ADJ
faba-278	178	7	std	std	PROPN
faba-278	178	8	.	.	PUNCT
faba-278	179	1	dev	dev	VERB
faba-278	179	2	the	the	DET
faba-278	179	3	firm	firm	ADJ
faba-278	179	4	capital	capital	NOUN
faba-278	179	5	structure	structure	NOUN
faba-278	179	6	contains	contain	VERB
faba-278	179	7	preference	preference	NOUN
faba-278	179	8	shares	share	NOUN
faba-278	179	9	.	.	PUNCT
faba-278	180	1	4.28	4.28	NUM
faba-278	180	2	0.781	0.781	NUM
faba-278	180	3	the	the	DET
faba-278	180	4	firm	firm	NOUN
faba-278	180	5	has	have	AUX
faba-278	180	6	issued	issue	VERB
faba-278	180	7	paid	pay	VERB
faba-278	180	8	up	up	ADP
faba-278	180	9	preference	preference	NOUN
faba-278	180	10	shares	share	NOUN
faba-278	180	11	.	.	PUNCT
faba-278	181	1	3.83	3.83	NUM
faba-278	181	2	0.973	0.973	NUM
faba-278	181	3	preference	preference	NOUN
faba-278	181	4	shares	share	NOUN
faba-278	181	5	issued	issue	VERB
faba-278	181	6	by	by	ADP
faba-278	181	7	the	the	DET
faba-278	181	8	firms	firm	NOUN
faba-278	181	9	have	have	VERB
faba-278	181	10	no	no	DET
faba-278	181	11	voting	voting	NOUN
faba-278	181	12	rights	right	NOUN
faba-278	181	13	.	.	PUNCT
faba-278	182	1	3.96	3.96	NUM
faba-278	182	2	1.172	1.172	NUM
faba-278	182	3	preference	preference	NOUN
faba-278	182	4	shares	share	NOUN
faba-278	182	5	are	be	AUX
faba-278	182	6	long	long	ADJ
faba-278	182	7	term	term	NOUN
faba-278	182	8	and	and	CCONJ
faba-278	182	9	not	not	PART
faba-278	182	10	easily	easily	ADV
faba-278	182	11	redeemable	redeemable	ADJ
faba-278	182	12	.	.	PUNCT
faba-278	183	1	4.00	4.00	NUM
faba-278	183	2	1.005	1.005	NUM
faba-278	183	3	preference	preference	NOUN
faba-278	183	4	shares	share	NOUN
faba-278	183	5	issued	issue	VERB
faba-278	183	6	by	by	ADP
faba-278	183	7	the	the	DET
faba-278	183	8	company	company	NOUN
faba-278	183	9	are	be	AUX
faba-278	183	10	not	not	PART
faba-278	183	11	convertible	convertible	ADJ
faba-278	183	12	to	to	ADP
faba-278	183	13	equity	equity	NOUN
faba-278	183	14	.	.	PUNCT
faba-278	184	1	3.71	3.71	NUM
faba-278	184	2	0.891	0.891	NUM
faba-278	184	3	preference	preference	NOUN
faba-278	184	4	shares	share	NOUN
faba-278	184	5	issued	issue	VERB
faba-278	184	6	do	do	AUX
faba-278	184	7	not	not	PART
faba-278	184	8	have	have	VERB
faba-278	184	9	ownership	ownership	NOUN
faba-278	184	10	rights	right	NOUN
faba-278	184	11	.	.	PUNCT
faba-278	185	1	4.32	4.32	NUM
faba-278	185	2	0.767	0.767	NUM
faba-278	185	3	average	average	ADJ
faba-278	185	4	mean	mean	NOUN
faba-278	185	5	score	score	NOUN
faba-278	185	6	4.02	4.02	NUM
faba-278	185	7	0.931	0.931	NUM
faba-278	185	8	source	source	NOUN
faba-278	185	9	:	:	PUNCT
faba-278	185	10	research	research	NOUN
faba-278	185	11	findings	finding	NOUN
faba-278	185	12	(	(	PUNCT
faba-278	185	13	2025	2025	NUM
faba-278	185	14	)	)	PUNCT
faba-278	185	15	the	the	DET
faba-278	185	16	first	first	ADJ
faba-278	185	17	item	item	NOUN
faba-278	185	18	assessed	assess	VERB
faba-278	185	19	was	be	AUX
faba-278	185	20	whether	whether	SCONJ
faba-278	185	21	the	the	DET
faba-278	185	22	firm	firm	NOUN
faba-278	185	23	's	's	PART
faba-278	185	24	capital	capital	NOUN
faba-278	185	25	structure	structure	NOUN
faba-278	185	26	contains	contain	VERB
faba-278	185	27	preference	preference	NOUN
faba-278	185	28	shares	share	NOUN
faba-278	185	29	,	,	PUNCT
faba-278	185	30	which	which	PRON
faba-278	185	31	received	receive	VERB
faba-278	185	32	a	a	DET
faba-278	185	33	mean	mean	ADJ
faba-278	185	34	score	score	NOUN
faba-278	185	35	of	of	ADP
faba-278	185	36	4.28	4.28	NUM
faba-278	185	37	(	(	PUNCT
faba-278	185	38	std	std	PROPN
faba-278	185	39	.	.	PROPN
faba-278	185	40	dev	dev	PROPN
faba-278	185	41	.	.	PUNCT
faba-278	186	1	=	=	SYM
faba-278	186	2	0.781	0.781	NUM
faba-278	186	3	)	)	PUNCT
faba-278	186	4	.	.	PUNCT
faba-278	187	1	this	this	PRON
faba-278	187	2	indicates	indicate	VERB
faba-278	187	3	a	a	DET
faba-278	187	4	strong	strong	ADJ
faba-278	187	5	consensus	consensus	NOUN
faba-278	187	6	among	among	ADP
faba-278	187	7	respondents	respondent	NOUN
faba-278	187	8	that	that	PRON
faba-278	187	9	preference	preference	NOUN
faba-278	187	10	shares	share	NOUN
faba-278	187	11	are	be	AUX
faba-278	187	12	indeed	indeed	ADV
faba-278	187	13	a	a	DET
faba-278	187	14	component	component	NOUN
faba-278	187	15	of	of	ADP
faba-278	187	16	their	their	PRON
faba-278	187	17	capital	capital	NOUN
faba-278	187	18	structure	structure	NOUN
faba-278	187	19	,	,	PUNCT
faba-278	187	20	suggesting	suggest	VERB
faba-278	187	21	that	that	SCONJ
faba-278	187	22	these	these	DET
faba-278	187	23	financial	financial	ADJ
faba-278	187	24	instruments	instrument	NOUN
faba-278	187	25	are	be	AUX
faba-278	187	26	integral	integral	ADJ
faba-278	187	27	a.	a.	NOUN
faba-278	187	28	j.	j.	PROPN
faba-278	187	29	lumbasio	lumbasio	PROPN
faba-278	187	30	,	,	PUNCT
faba-278	187	31	m.	m.	NOUN
faba-278	187	32	onsiro	onsiro	NOUN
faba-278	187	33	and	and	CCONJ
faba-278	187	34	i.	i.	PROPN
faba-278	187	35	abuga	abuga	PROPN
faba-278	187	36	/	/	SYM
faba-278	187	37	finance	finance	NOUN
faba-278	187	38	,	,	PUNCT
faba-278	187	39	accounting	accounting	NOUN
faba-278	187	40	and	and	CCONJ
faba-278	187	41	business	business	NOUN
faba-278	187	42	analysis	analysis	NOUN
faba-278	187	43	,	,	PUNCT
faba-278	187	44	volume	volume	NOUN
faba-278	187	45	7	7	NUM
faba-278	187	46	,	,	PUNCT
faba-278	187	47	issue	issue	NOUN
faba-278	187	48	2	2	NUM
faba-278	187	49	,	,	PUNCT
faba-278	187	50	2025	2025	NUM
faba-278	187	51	289	289	NUM
faba-278	187	52	to	to	ADP
faba-278	187	53	how	how	SCONJ
faba-278	187	54	firms	firm	NOUN
faba-278	187	55	finance	finance	VERB
faba-278	187	56	their	their	PRON
faba-278	187	57	operations	operation	NOUN
faba-278	187	58	.	.	PUNCT
faba-278	188	1	the	the	DET
faba-278	188	2	second	second	ADJ
faba-278	188	3	statement	statement	NOUN
faba-278	188	4	addressed	address	VERB
faba-278	188	5	the	the	DET
faba-278	188	6	issuance	issuance	NOUN
faba-278	188	7	of	of	ADP
faba-278	188	8	paid	pay	VERB
faba-278	188	9	-	-	PUNCT
faba-278	188	10	up	up	ADP
faba-278	188	11	preference	preference	NOUN
faba-278	188	12	shares	share	NOUN
faba-278	188	13	,	,	PUNCT
faba-278	188	14	yielding	yield	VERB
faba-278	188	15	a	a	DET
faba-278	188	16	mean	mean	ADJ
faba-278	188	17	score	score	NOUN
faba-278	188	18	of	of	ADP
faba-278	188	19	3.83	3.83	NUM
faba-278	188	20	and	and	CCONJ
faba-278	188	21	a	a	DET
faba-278	188	22	standard	standard	ADJ
faba-278	188	23	deviation	deviation	NOUN
faba-278	188	24	of	of	ADP
faba-278	188	25	0.973	0.973	NUM
faba-278	188	26	.	.	PUNCT
faba-278	189	1	this	this	PRON
faba-278	189	2	indicates	indicate	VERB
faba-278	189	3	that	that	SCONJ
faba-278	189	4	while	while	SCONJ
faba-278	189	5	a	a	DET
faba-278	189	6	majority	majority	NOUN
faba-278	189	7	of	of	ADP
faba-278	189	8	respondents	respondent	NOUN
faba-278	189	9	agreed	agree	VERB
faba-278	189	10	on	on	ADP
faba-278	189	11	the	the	DET
faba-278	189	12	existence	existence	NOUN
faba-278	189	13	of	of	ADP
faba-278	189	14	issued	issue	VERB
faba-278	189	15	paid	pay	VERB
faba-278	189	16	-	-	PUNCT
faba-278	189	17	up	up	ADP
faba-278	189	18	preference	preference	NOUN
faba-278	189	19	shares	share	NOUN
faba-278	189	20	,	,	PUNCT
faba-278	189	21	there	there	PRON
faba-278	189	22	is	be	VERB
faba-278	189	23	slightly	slightly	ADV
faba-278	189	24	less	less	ADJ
faba-278	189	25	uniformity	uniformity	NOUN
faba-278	189	26	compared	compare	VERB
faba-278	189	27	to	to	ADP
faba-278	189	28	the	the	DET
faba-278	189	29	first	first	ADJ
faba-278	189	30	item	item	NOUN
faba-278	189	31	.	.	PUNCT
faba-278	190	1	this	this	DET
faba-278	190	2	variance	variance	NOUN
faba-278	190	3	might	might	AUX
faba-278	190	4	suggest	suggest	VERB
faba-278	190	5	that	that	SCONJ
faba-278	190	6	not	not	PART
faba-278	190	7	all	all	DET
faba-278	190	8	firms	firm	NOUN
faba-278	190	9	are	be	AUX
faba-278	190	10	utilizing	utilize	VERB
faba-278	190	11	paid	pay	VERB
faba-278	190	12	-	-	PUNCT
faba-278	190	13	up	up	ADP
faba-278	190	14	preference	preference	NOUN
faba-278	190	15	shares	share	NOUN
faba-278	190	16	to	to	ADP
faba-278	190	17	the	the	DET
faba-278	190	18	same	same	ADJ
faba-278	190	19	extent	extent	NOUN
faba-278	190	20	,	,	PUNCT
faba-278	190	21	reflecting	reflect	VERB
faba-278	190	22	different	different	ADJ
faba-278	190	23	strategic	strategic	ADJ
faba-278	190	24	approaches	approach	NOUN
faba-278	190	25	to	to	ADP
faba-278	190	26	capital	capital	NOUN
faba-278	190	27	financing	financing	NOUN
faba-278	190	28	.	.	PUNCT
faba-278	191	1	the	the	DET
faba-278	191	2	perception	perception	NOUN
faba-278	191	3	that	that	SCONJ
faba-278	191	4	preference	preference	NOUN
faba-278	191	5	shares	share	NOUN
faba-278	191	6	issued	issue	VERB
faba-278	191	7	by	by	ADP
faba-278	191	8	the	the	DET
faba-278	191	9	firms	firm	NOUN
faba-278	191	10	have	have	AUX
faba-278	191	11	no	no	DET
faba-278	191	12	voting	voting	NOUN
faba-278	191	13	rights	right	NOUN
faba-278	191	14	garnered	garner	VERB
faba-278	191	15	a	a	DET
faba-278	191	16	mean	mean	ADJ
faba-278	191	17	score	score	NOUN
faba-278	191	18	of	of	ADP
faba-278	191	19	3.96	3.96	NUM
faba-278	191	20	,	,	PUNCT
faba-278	191	21	(	(	PUNCT
faba-278	191	22	std	std	PROPN
faba-278	191	23	.	.	PROPN
faba-278	191	24	dev	dev	PROPN
faba-278	191	25	.	.	PUNCT
faba-278	192	1	=	=	PUNCT
faba-278	192	2	1.172	1.172	NUM
faba-278	192	3	)	)	PUNCT
faba-278	192	4	.	.	PUNCT
faba-278	193	1	this	this	DET
faba-278	193	2	result	result	NOUN
faba-278	193	3	reflects	reflect	VERB
faba-278	193	4	a	a	DET
faba-278	193	5	solid	solid	ADJ
faba-278	193	6	agreement	agreement	NOUN
faba-278	193	7	among	among	ADP
faba-278	193	8	respondents	respondent	NOUN
faba-278	193	9	regarding	regard	VERB
faba-278	193	10	the	the	DET
faba-278	193	11	non	non	ADJ
faba-278	193	12	-	-	ADJ
faba-278	193	13	voting	voting	ADJ
faba-278	193	14	nature	nature	NOUN
faba-278	193	15	of	of	ADP
faba-278	193	16	preference	preference	NOUN
faba-278	193	17	shares	share	NOUN
faba-278	193	18	,	,	PUNCT
faba-278	193	19	which	which	PRON
faba-278	193	20	is	be	AUX
faba-278	193	21	a	a	DET
faba-278	193	22	defining	define	VERB
faba-278	193	23	characteristic	characteristic	NOUN
faba-278	193	24	of	of	ADP
faba-278	193	25	these	these	DET
faba-278	193	26	instruments	instrument	NOUN
faba-278	193	27	.	.	PUNCT
faba-278	194	1	similarly	similarly	ADV
faba-278	194	2	,	,	PUNCT
faba-278	194	3	the	the	DET
faba-278	194	4	assertion	assertion	NOUN
faba-278	194	5	that	that	SCONJ
faba-278	194	6	preference	preference	NOUN
faba-278	194	7	shares	share	NOUN
faba-278	194	8	are	be	AUX
faba-278	194	9	long	long	ADJ
faba-278	194	10	-	-	PUNCT
faba-278	194	11	term	term	NOUN
faba-278	194	12	and	and	CCONJ
faba-278	194	13	not	not	PART
faba-278	194	14	easily	easily	ADV
faba-278	194	15	redeemable	redeemable	VERB
faba-278	194	16	scored	score	VERB
faba-278	194	17	an	an	DET
faba-278	194	18	average	average	NOUN
faba-278	194	19	of	of	ADP
faba-278	194	20	4.00	4.00	NUM
faba-278	194	21	with	with	ADP
faba-278	194	22	a	a	DET
faba-278	194	23	standard	standard	ADJ
faba-278	194	24	deviation	deviation	NOUN
faba-278	194	25	of	of	ADP
faba-278	194	26	1.005	1.005	NUM
faba-278	194	27	,	,	PUNCT
faba-278	194	28	reinforcing	reinforce	VERB
faba-278	194	29	the	the	DET
faba-278	194	30	understanding	understanding	NOUN
faba-278	194	31	that	that	SCONJ
faba-278	194	32	preference	preference	NOUN
faba-278	194	33	shares	share	NOUN
faba-278	194	34	serve	serve	VERB
faba-278	194	35	as	as	ADP
faba-278	194	36	a	a	DET
faba-278	194	37	stable	stable	ADJ
faba-278	194	38	,	,	PUNCT
faba-278	194	39	long	long	ADJ
faba-278	194	40	-	-	PUNCT
faba-278	194	41	term	term	NOUN
faba-278	194	42	source	source	NOUN
faba-278	194	43	of	of	ADP
faba-278	194	44	financing	financing	NOUN
faba-278	194	45	for	for	ADP
faba-278	194	46	the	the	DET
faba-278	194	47	firms	firm	NOUN
faba-278	194	48	.	.	PUNCT
faba-278	195	1	this	this	DET
faba-278	195	2	perspective	perspective	NOUN
faba-278	195	3	is	be	AUX
faba-278	195	4	crucial	crucial	ADJ
faba-278	195	5	,	,	PUNCT
faba-278	195	6	as	as	SCONJ
faba-278	195	7	it	it	PRON
faba-278	195	8	highlights	highlight	VERB
faba-278	195	9	the	the	DET
faba-278	195	10	strategic	strategic	ADJ
faba-278	195	11	role	role	NOUN
faba-278	195	12	of	of	ADP
faba-278	195	13	preference	preference	NOUN
faba-278	195	14	shares	share	NOUN
faba-278	195	15	in	in	ADP
faba-278	195	16	providing	provide	VERB
faba-278	195	17	financial	financial	ADJ
faba-278	195	18	stability	stability	NOUN
faba-278	195	19	and	and	CCONJ
faba-278	195	20	predictability	predictability	NOUN
faba-278	195	21	in	in	ADP
faba-278	195	22	capital	capital	NOUN
faba-278	195	23	management	management	NOUN
faba-278	195	24	.	.	PUNCT
faba-278	196	1	the	the	DET
faba-278	196	2	item	item	NOUN
faba-278	196	3	regarding	regard	VERB
faba-278	196	4	the	the	DET
faba-278	196	5	non	non	NOUN
faba-278	196	6	-	-	NOUN
faba-278	196	7	convertibility	convertibility	NOUN
faba-278	196	8	of	of	ADP
faba-278	196	9	preference	preference	NOUN
faba-278	196	10	shares	share	NOUN
faba-278	196	11	to	to	ADP
faba-278	196	12	equity	equity	NOUN
faba-278	196	13	had	have	VERB
faba-278	196	14	a	a	DET
faba-278	196	15	mean	mean	ADJ
faba-278	196	16	score	score	NOUN
faba-278	196	17	of	of	ADP
faba-278	196	18	3.71	3.71	NUM
faba-278	196	19	(	(	PUNCT
faba-278	196	20	std	std	PROPN
faba-278	196	21	.	.	PROPN
faba-278	196	22	dev	dev	PROPN
faba-278	196	23	.	.	PUNCT
faba-278	197	1	=	=	PRON
faba-278	197	2	0.891	0.891	NUM
faba-278	197	3	)	)	PUNCT
faba-278	197	4	.	.	PUNCT
faba-278	198	1	this	this	DET
faba-278	198	2	lower	low	ADJ
faba-278	198	3	score	score	NOUN
faba-278	198	4	compared	compare	VERB
faba-278	198	5	to	to	ADP
faba-278	198	6	previous	previous	ADJ
faba-278	198	7	items	item	NOUN
faba-278	198	8	suggests	suggest	VERB
faba-278	198	9	that	that	SCONJ
faba-278	198	10	there	there	PRON
faba-278	198	11	may	may	AUX
faba-278	198	12	be	be	AUX
faba-278	198	13	some	some	DET
faba-278	198	14	uncertainty	uncertainty	NOUN
faba-278	198	15	or	or	CCONJ
faba-278	198	16	variability	variability	NOUN
faba-278	198	17	in	in	ADP
faba-278	198	18	how	how	SCONJ
faba-278	198	19	firms	firm	NOUN
faba-278	198	20	view	view	VERB
faba-278	198	21	the	the	DET
faba-278	198	22	convertibility	convertibility	NOUN
faba-278	198	23	of	of	ADP
faba-278	198	24	preference	preference	NOUN
faba-278	198	25	shares	share	NOUN
faba-278	198	26	,	,	PUNCT
faba-278	198	27	which	which	PRON
faba-278	198	28	could	could	AUX
faba-278	198	29	be	be	AUX
faba-278	198	30	indicative	indicative	ADJ
faba-278	198	31	of	of	ADP
faba-278	198	32	differing	differ	VERB
faba-278	198	33	practices	practice	NOUN
faba-278	198	34	among	among	ADP
faba-278	198	35	the	the	DET
faba-278	198	36	firms	firm	NOUN
faba-278	198	37	or	or	CCONJ
faba-278	198	38	a	a	DET
faba-278	198	39	lack	lack	NOUN
faba-278	198	40	of	of	ADP
faba-278	198	41	clarity	clarity	NOUN
faba-278	198	42	on	on	ADP
faba-278	198	43	this	this	DET
faba-278	198	44	aspect	aspect	NOUN
faba-278	198	45	.	.	PUNCT
faba-278	199	1	lastly	lastly	ADV
faba-278	199	2	,	,	PUNCT
faba-278	199	3	the	the	DET
faba-278	199	4	statement	statement	NOUN
faba-278	199	5	regarding	regard	VERB
faba-278	199	6	the	the	DET
faba-278	199	7	lack	lack	NOUN
faba-278	199	8	of	of	ADP
faba-278	199	9	ownership	ownership	NOUN
faba-278	199	10	rights	right	NOUN
faba-278	199	11	associated	associate	VERB
faba-278	199	12	with	with	ADP
faba-278	199	13	preference	preference	NOUN
faba-278	199	14	shares	share	NOUN
faba-278	199	15	scored	score	VERB
faba-278	199	16	an	an	DET
faba-278	199	17	impressive	impressive	ADJ
faba-278	199	18	4.32	4.32	NUM
faba-278	199	19	,	,	PUNCT
faba-278	199	20	with	with	ADP
faba-278	199	21	a	a	DET
faba-278	199	22	standard	standard	ADJ
faba-278	199	23	deviation	deviation	NOUN
faba-278	199	24	of	of	ADP
faba-278	199	25	0.767	0.767	NUM
faba-278	199	26	.	.	PUNCT
faba-278	200	1	this	this	DET
faba-278	200	2	high	high	ADJ
faba-278	200	3	mean	mean	NOUN
faba-278	200	4	reinforces	reinforce	VERB
faba-278	200	5	the	the	DET
faba-278	200	6	understanding	understanding	NOUN
faba-278	200	7	that	that	PRON
faba-278	200	8	preference	preference	NOUN
faba-278	200	9	shareholders	shareholder	NOUN
faba-278	200	10	do	do	AUX
faba-278	200	11	not	not	PART
faba-278	200	12	have	have	VERB
faba-278	200	13	ownership	ownership	NOUN
faba-278	200	14	rights	right	NOUN
faba-278	200	15	,	,	PUNCT
faba-278	200	16	which	which	PRON
faba-278	200	17	is	be	AUX
faba-278	200	18	a	a	DET
faba-278	200	19	significant	significant	ADJ
faba-278	200	20	distinction	distinction	NOUN
faba-278	200	21	from	from	ADP
faba-278	200	22	ordinary	ordinary	ADJ
faba-278	200	23	shareholders	shareholder	NOUN
faba-278	200	24	and	and	CCONJ
faba-278	200	25	impacts	impact	VERB
faba-278	200	26	governance	governance	NOUN
faba-278	200	27	structures	structure	NOUN
faba-278	200	28	within	within	ADP
faba-278	200	29	firms	firm	NOUN
faba-278	200	30	.	.	PUNCT
faba-278	201	1	the	the	DET
faba-278	201	2	average	average	ADJ
faba-278	201	3	mean	mean	NOUN
faba-278	201	4	score	score	NOUN
faba-278	201	5	across	across	ADP
faba-278	201	6	all	all	DET
faba-278	201	7	items	item	NOUN
faba-278	201	8	was	be	AUX
faba-278	201	9	4.02	4.02	NUM
faba-278	201	10	,	,	PUNCT
faba-278	201	11	(	(	PUNCT
faba-278	201	12	std	std	PROPN
faba-278	201	13	.	.	PROPN
faba-278	201	14	dev	dev	PROPN
faba-278	201	15	.	.	PUNCT
faba-278	202	1	=	=	SYM
faba-278	202	2	0.931	0.931	NUM
faba-278	202	3	)	)	PUNCT
faba-278	202	4	,	,	PUNCT
faba-278	202	5	reflecting	reflect	VERB
faba-278	202	6	a	a	DET
faba-278	202	7	generally	generally	ADV
faba-278	202	8	positive	positive	ADJ
faba-278	202	9	perception	perception	NOUN
faba-278	202	10	of	of	ADP
faba-278	202	11	preference	preference	NOUN
faba-278	202	12	shares	share	NOUN
faba-278	202	13	among	among	ADP
faba-278	202	14	the	the	DET
faba-278	202	15	firms	firm	NOUN
faba-278	202	16	surveyed	survey	VERB
faba-278	202	17	.	.	PUNCT
faba-278	203	1	this	this	DET
faba-278	203	2	score	score	NOUN
faba-278	203	3	suggests	suggest	VERB
faba-278	203	4	that	that	SCONJ
faba-278	203	5	preference	preference	NOUN
faba-278	203	6	shares	share	NOUN
faba-278	203	7	are	be	AUX
faba-278	203	8	widely	widely	ADV
faba-278	203	9	recognized	recognize	VERB
faba-278	203	10	as	as	ADP
faba-278	203	11	a	a	DET
faba-278	203	12	valuable	valuable	ADJ
faba-278	203	13	component	component	NOUN
faba-278	203	14	of	of	ADP
faba-278	203	15	capital	capital	NOUN
faba-278	203	16	structure	structure	NOUN
faba-278	203	17	,	,	PUNCT
faba-278	203	18	providing	provide	VERB
faba-278	203	19	firms	firm	NOUN
faba-278	203	20	with	with	ADP
faba-278	203	21	a	a	DET
faba-278	203	22	flexible	flexible	ADJ
faba-278	203	23	financing	financing	NOUN
faba-278	203	24	option	option	NOUN
faba-278	203	25	that	that	PRON
faba-278	203	26	does	do	AUX
faba-278	203	27	not	not	PART
faba-278	203	28	dilute	dilute	VERB
faba-278	203	29	ownership	ownership	NOUN
faba-278	203	30	control	control	NOUN
faba-278	203	31	.	.	PUNCT
faba-278	204	1	overall	overall	ADV
faba-278	204	2	,	,	PUNCT
faba-278	204	3	the	the	DET
faba-278	204	4	findings	finding	NOUN
faba-278	204	5	indicate	indicate	VERB
faba-278	204	6	that	that	SCONJ
faba-278	204	7	preference	preference	NOUN
faba-278	204	8	shares	share	NOUN
faba-278	204	9	play	play	VERB
faba-278	204	10	a	a	DET
faba-278	204	11	significant	significant	ADJ
faba-278	204	12	role	role	NOUN
faba-278	204	13	in	in	ADP
faba-278	204	14	the	the	DET
faba-278	204	15	financial	financial	ADJ
faba-278	204	16	strategy	strategy	NOUN
faba-278	204	17	of	of	ADP
faba-278	204	18	these	these	DET
faba-278	204	19	firms	firm	NOUN
faba-278	204	20	,	,	PUNCT
faba-278	204	21	contributing	contribute	VERB
faba-278	204	22	to	to	ADP
faba-278	204	23	their	their	PRON
faba-278	204	24	capital	capital	NOUN
faba-278	204	25	stability	stability	NOUN
faba-278	204	26	and	and	CCONJ
faba-278	204	27	financial	financial	ADJ
faba-278	204	28	performance	performance	NOUN
faba-278	204	29	.	.	PUNCT
faba-278	205	1	the	the	DET
faba-278	205	2	positive	positive	ADJ
faba-278	205	3	attitudes	attitude	NOUN
faba-278	205	4	towards	towards	ADP
faba-278	205	5	preference	preference	NOUN
faba-278	205	6	shares	share	NOUN
faba-278	205	7	highlight	highlight	VERB
faba-278	205	8	their	their	PRON
faba-278	205	9	importance	importance	NOUN
faba-278	205	10	as	as	ADP
faba-278	205	11	a	a	DET
faba-278	205	12	tool	tool	NOUN
faba-278	205	13	for	for	ADP
faba-278	205	14	managing	manage	VERB
faba-278	205	15	capital	capital	NOUN
faba-278	205	16	structure	structure	NOUN
faba-278	205	17	while	while	SCONJ
faba-278	205	18	maintaining	maintain	VERB
faba-278	205	19	operational	operational	ADJ
faba-278	205	20	control	control	NOUN
faba-278	205	21	,	,	PUNCT
faba-278	205	22	which	which	PRON
faba-278	205	23	is	be	AUX
faba-278	205	24	crucial	crucial	ADJ
faba-278	205	25	for	for	ADP
faba-278	205	26	firms	firm	NOUN
faba-278	205	27	seeking	seek	VERB
faba-278	205	28	to	to	PART
faba-278	205	29	optimize	optimize	VERB
faba-278	205	30	their	their	PRON
faba-278	205	31	financial	financial	ADJ
faba-278	205	32	resources	resource	NOUN
faba-278	205	33	in	in	ADP
faba-278	205	34	a	a	DET
faba-278	205	35	competitive	competitive	ADJ
faba-278	205	36	environment	environment	NOUN
faba-278	205	37	.	.	PUNCT
faba-278	206	1	these	these	DET
faba-278	206	2	findings	finding	NOUN
faba-278	206	3	align	align	VERB
faba-278	206	4	closely	closely	ADV
faba-278	206	5	with	with	ADP
faba-278	206	6	studies	study	NOUN
faba-278	206	7	,	,	PUNCT
faba-278	206	8	such	such	ADJ
faba-278	206	9	as	as	ADP
faba-278	206	10	kimani	kimani	PROPN
faba-278	206	11	et	et	PROPN
faba-278	206	12	al	al	PROPN
faba-278	206	13	.	.	PROPN
faba-278	206	14	(	(	PUNCT
faba-278	206	15	2023	2023	NUM
faba-278	206	16	)	)	PUNCT
faba-278	206	17	,	,	PUNCT
faba-278	206	18	which	which	PRON
faba-278	206	19	explored	explore	VERB
faba-278	206	20	the	the	DET
faba-278	206	21	role	role	NOUN
faba-278	206	22	of	of	ADP
faba-278	206	23	preference	preference	NOUN
faba-278	206	24	share	share	NOUN
faba-278	206	25	capital	capital	NOUN
faba-278	206	26	in	in	ADP
faba-278	206	27	the	the	DET
faba-278	206	28	financial	financial	ADJ
faba-278	206	29	strategies	strategy	NOUN
faba-278	206	30	of	of	ADP
faba-278	206	31	manufacturing	manufacturing	NOUN
faba-278	206	32	firms	firm	NOUN
faba-278	206	33	in	in	ADP
faba-278	206	34	emerging	emerge	VERB
faba-278	206	35	markets	market	NOUN
faba-278	206	36	.	.	PUNCT
faba-278	207	1	kimani	kimani	PROPN
faba-278	207	2	et	et	PROPN
faba-278	207	3	al	al	PROPN
faba-278	207	4	.	.	PROPN
faba-278	208	1	(	(	PUNCT
faba-278	208	2	2023	2023	NUM
faba-278	208	3	)	)	PUNCT
faba-278	208	4	reported	report	VERB
faba-278	208	5	an	an	DET
faba-278	208	6	average	average	ADJ
faba-278	208	7	score	score	NOUN
faba-278	208	8	of	of	ADP
faba-278	208	9	4.10	4.10	NUM
faba-278	208	10	across	across	ADP
faba-278	208	11	similar	similar	ADJ
faba-278	208	12	metrics	metric	NOUN
faba-278	208	13	,	,	PUNCT
faba-278	208	14	emphasizing	emphasize	VERB
faba-278	208	15	that	that	SCONJ
faba-278	208	16	preference	preference	NOUN
faba-278	208	17	shares	share	NOUN
faba-278	208	18	are	be	AUX
faba-278	208	19	a	a	DET
faba-278	208	20	favored	favor	VERB
faba-278	208	21	instrument	instrument	NOUN
faba-278	208	22	for	for	ADP
faba-278	208	23	firms	firm	NOUN
faba-278	208	24	seeking	seek	VERB
faba-278	208	25	stable	stable	ADJ
faba-278	208	26	,	,	PUNCT
faba-278	208	27	long	long	ADJ
faba-278	208	28	-	-	PUNCT
faba-278	208	29	term	term	NOUN
faba-278	208	30	financing	financing	NOUN
faba-278	208	31	without	without	ADP
faba-278	208	32	ownership	ownership	NOUN
faba-278	208	33	dilution	dilution	NOUN
faba-278	208	34	.	.	PUNCT
faba-278	209	1	the	the	DET
faba-278	209	2	study	study	NOUN
faba-278	209	3	highlighted	highlight	VERB
faba-278	209	4	that	that	SCONJ
faba-278	209	5	over	over	ADP
faba-278	209	6	80	80	NUM
faba-278	209	7	%	%	NOUN
faba-278	209	8	of	of	ADP
faba-278	209	9	surveyed	survey	VERB
faba-278	209	10	firms	firm	NOUN
faba-278	209	11	incorporated	incorporate	VERB
faba-278	209	12	preference	preference	NOUN
faba-278	209	13	shares	share	NOUN
faba-278	209	14	in	in	ADP
faba-278	209	15	their	their	PRON
faba-278	209	16	capital	capital	NOUN
faba-278	209	17	structure	structure	NOUN
faba-278	209	18	,	,	PUNCT
faba-278	209	19	consistent	consistent	ADJ
faba-278	209	20	with	with	ADP
faba-278	209	21	the	the	DET
faba-278	209	22	strong	strong	ADJ
faba-278	209	23	consensus	consensus	NOUN
faba-278	209	24	(	(	PUNCT
faba-278	209	25	mean	mean	NOUN
faba-278	209	26	=	=	SYM
faba-278	209	27	4.28	4.28	NUM
faba-278	209	28	)	)	PUNCT
faba-278	209	29	observed	observe	VERB
faba-278	209	30	in	in	ADP
faba-278	209	31	the	the	DET
faba-278	209	32	current	current	ADJ
faba-278	209	33	findings	finding	NOUN
faba-278	209	34	regarding	regard	VERB
faba-278	209	35	the	the	DET
faba-278	209	36	inclusion	inclusion	NOUN
faba-278	209	37	of	of	ADP
faba-278	209	38	preference	preference	NOUN
faba-278	209	39	shares	share	NOUN
faba-278	209	40	in	in	ADP
faba-278	209	41	capital	capital	NOUN
faba-278	209	42	structures	structure	NOUN
faba-278	209	43	.	.	PUNCT
faba-278	210	1	both	both	DET
faba-278	210	2	studies	study	NOUN
faba-278	210	3	underscore	underscore	VERB
faba-278	210	4	the	the	DET
faba-278	210	5	strategic	strategic	ADJ
faba-278	210	6	benefits	benefit	NOUN
faba-278	210	7	of	of	ADP
faba-278	210	8	preference	preference	NOUN
faba-278	210	9	shares	share	NOUN
faba-278	210	10	,	,	PUNCT
faba-278	210	11	particularly	particularly	ADV
faba-278	210	12	their	their	PRON
faba-278	210	13	role	role	NOUN
faba-278	210	14	as	as	ADP
faba-278	210	15	non	non	ADJ
faba-278	210	16	-	-	ADJ
faba-278	210	17	voting	voting	ADJ
faba-278	210	18	instruments	instrument	NOUN
faba-278	210	19	(	(	PUNCT
faba-278	210	20	mean	mean	NOUN
faba-278	210	21	=	=	SYM
faba-278	210	22	3.96	3.96	NUM
faba-278	210	23	in	in	ADP
faba-278	210	24	the	the	DET
faba-278	210	25	current	current	ADJ
faba-278	210	26	study	study	NOUN
faba-278	210	27	,	,	PUNCT
faba-278	210	28	compared	compare	VERB
faba-278	210	29	to	to	ADP
faba-278	210	30	4.02	4.02	NUM
faba-278	210	31	in	in	ADP
faba-278	210	32	kimani	kimani	PROPN
faba-278	210	33	et	et	PROPN
faba-278	210	34	al	al	PROPN
faba-278	210	35	.	.	PROPN
faba-278	211	1	(	(	PUNCT
faba-278	211	2	2023	2023	NUM
faba-278	211	3	)	)	PUNCT
faba-278	211	4	,	,	PUNCT
faba-278	211	5	which	which	PRON
faba-278	211	6	allow	allow	VERB
faba-278	211	7	firms	firm	NOUN
faba-278	211	8	to	to	PART
faba-278	211	9	secure	secure	VERB
faba-278	211	10	funding	funding	NOUN
faba-278	211	11	while	while	SCONJ
faba-278	211	12	maintaining	maintain	VERB
faba-278	211	13	governance	governance	NOUN
faba-278	211	14	control	control	NOUN
faba-278	211	15	.	.	PUNCT
faba-278	212	1	similarly	similarly	ADV
faba-278	212	2	,	,	PUNCT
faba-278	212	3	the	the	DET
faba-278	212	4	perception	perception	NOUN
faba-278	212	5	of	of	ADP
faba-278	212	6	preference	preference	NOUN
faba-278	212	7	shares	share	NOUN
faba-278	212	8	as	as	ADP
faba-278	212	9	longterm	longterm	ADJ
faba-278	212	10	and	and	CCONJ
faba-278	212	11	not	not	PART
faba-278	212	12	easily	easily	ADV
faba-278	212	13	redeemable	redeemable	VERB
faba-278	212	14	(	(	PUNCT
faba-278	212	15	mean	mean	NOUN
faba-278	212	16	=	=	SYM
faba-278	212	17	4.00	4.00	NUM
faba-278	212	18	)	)	PUNCT
faba-278	212	19	resonates	resonate	VERB
faba-278	212	20	with	with	ADP
faba-278	212	21	kimani	kimani	PROPN
faba-278	212	22	et	et	PROPN
faba-278	212	23	al	al	PROPN
faba-278	212	24	.	.	PROPN
faba-278	212	25	’s	’s	PART
faba-278	212	26	findings	finding	NOUN
faba-278	212	27	,	,	PUNCT
faba-278	212	28	which	which	PRON
faba-278	212	29	attributed	attribute	VERB
faba-278	212	30	stability	stability	NOUN
faba-278	212	31	in	in	ADP
faba-278	212	32	financial	financial	ADJ
faba-278	212	33	planning	planning	NOUN
faba-278	212	34	to	to	ADP
faba-278	212	35	this	this	DET
faba-278	212	36	characteristic	characteristic	NOUN
faba-278	212	37	.	.	PUNCT
faba-278	213	1	the	the	DET
faba-278	213	2	slightly	slightly	ADV
faba-278	213	3	lower	low	ADJ
faba-278	213	4	agreement	agreement	NOUN
faba-278	213	5	regarding	regard	VERB
faba-278	213	6	the	the	DET
faba-278	213	7	non	non	NOUN
faba-278	213	8	-	-	NOUN
faba-278	213	9	convertibility	convertibility	NOUN
faba-278	213	10	of	of	ADP
faba-278	213	11	preference	preference	NOUN
faba-278	213	12	shares	share	NOUN
faba-278	213	13	to	to	ADP
faba-278	213	14	equity	equity	NOUN
faba-278	213	15	(	(	PUNCT
faba-278	213	16	mean	mean	NOUN
faba-278	213	17	=	=	SYM
faba-278	213	18	3.71	3.71	NUM
faba-278	213	19	)	)	PUNCT
faba-278	213	20	mirrors	mirror	NOUN
faba-278	213	21	kimani	kimani	PROPN
faba-278	213	22	et	et	PROPN
faba-278	213	23	al	al	PROPN
faba-278	213	24	.	.	PROPN
faba-278	213	25	’s	’s	PART
faba-278	213	26	observation	observation	NOUN
faba-278	213	27	that	that	SCONJ
faba-278	213	28	some	some	DET
faba-278	213	29	firms	firm	NOUN
faba-278	213	30	prefer	prefer	VERB
faba-278	213	31	convertible	convertible	ADJ
faba-278	213	32	features	feature	NOUN
faba-278	213	33	to	to	PART
faba-278	213	34	attract	attract	VERB
faba-278	213	35	diverse	diverse	ADJ
faba-278	213	36	investor	investor	NOUN
faba-278	213	37	profiles	profile	NOUN
faba-278	213	38	,	,	PUNCT
faba-278	213	39	reflecting	reflect	VERB
faba-278	213	40	variability	variability	NOUN
faba-278	213	41	in	in	ADP
faba-278	213	42	financial	financial	ADJ
faba-278	213	43	strategies	strategy	NOUN
faba-278	213	44	.	.	PUNCT
faba-278	214	1	the	the	DET
faba-278	214	2	higher	high	ADJ
faba-278	214	3	mean	mean	ADJ
faba-278	214	4	score	score	NOUN
faba-278	214	5	for	for	ADP
faba-278	214	6	the	the	DET
faba-278	214	7	lack	lack	NOUN
faba-278	214	8	of	of	ADP
faba-278	214	9	ownership	ownership	NOUN
faba-278	214	10	rights	right	NOUN
faba-278	214	11	(	(	PUNCT
faba-278	214	12	4.32	4.32	NUM
faba-278	214	13	)	)	PUNCT
faba-278	214	14	reaffirms	reaffirm	VERB
faba-278	214	15	kimani	kimani	PROPN
faba-278	214	16	et	et	PROPN
faba-278	214	17	al	al	PROPN
faba-278	214	18	.	.	PROPN
faba-278	214	19	’s	’s	PART
faba-278	214	20	conclusion	conclusion	NOUN
faba-278	214	21	that	that	SCONJ
faba-278	214	22	firms	firm	NOUN
faba-278	214	23	value	value	VERB
faba-278	214	24	preference	preference	NOUN
faba-278	214	25	shares	share	NOUN
faba-278	214	26	for	for	ADP
faba-278	214	27	their	their	PRON
faba-278	214	28	ability	ability	NOUN
faba-278	214	29	to	to	PART
faba-278	214	30	raise	raise	VERB
faba-278	214	31	capital	capital	NOUN
faba-278	214	32	without	without	ADP
faba-278	214	33	compromising	compromise	VERB
faba-278	214	34	shareholder	shareholder	NOUN
faba-278	214	35	control	control	NOUN
faba-278	214	36	.	.	PUNCT
faba-278	215	1	these	these	DET
faba-278	215	2	findings	finding	NOUN
faba-278	215	3	collectively	collectively	ADV
faba-278	215	4	highlight	highlight	VERB
faba-278	215	5	a	a	DET
faba-278	215	6	consistent	consistent	ADJ
faba-278	215	7	narrative	narrative	NOUN
faba-278	215	8	across	across	ADP
faba-278	215	9	studies	study	NOUN
faba-278	215	10	:	:	PUNCT
faba-278	215	11	preference	preference	NOUN
faba-278	215	12	shares	share	NOUN
faba-278	215	13	serve	serve	VERB
faba-278	215	14	as	as	ADP
faba-278	215	15	a	a	DET
faba-278	215	16	vital	vital	ADJ
faba-278	215	17	component	component	NOUN
faba-278	215	18	of	of	ADP
faba-278	215	19	financial	financial	ADJ
faba-278	215	20	strategy	strategy	NOUN
faba-278	215	21	,	,	PUNCT
faba-278	215	22	enabling	enable	VERB
faba-278	215	23	firms	firm	NOUN
faba-278	215	24	to	to	PART
faba-278	215	25	balance	balance	VERB
faba-278	215	26	operational	operational	ADJ
faba-278	215	27	control	control	NOUN
faba-278	215	28	,	,	PUNCT
faba-278	215	29	capital	capital	NOUN
faba-278	215	30	stability	stability	NOUN
faba-278	215	31	,	,	PUNCT
faba-278	215	32	and	and	CCONJ
faba-278	215	33	financial	financial	ADJ
faba-278	215	34	performance	performance	NOUN
faba-278	215	35	.	.	PUNCT
faba-278	216	1	this	this	DET
faba-278	216	2	alignment	alignment	NOUN
faba-278	216	3	underscores	underscore	VERB
faba-278	216	4	the	the	DET
faba-278	216	5	broader	broad	ADJ
faba-278	216	6	applicability	applicability	NOUN
faba-278	216	7	of	of	ADP
faba-278	216	8	these	these	DET
faba-278	216	9	instruments	instrument	NOUN
faba-278	216	10	across	across	ADP
faba-278	216	11	diverse	diverse	ADJ
faba-278	216	12	organizational	organizational	ADJ
faba-278	216	13	contexts	contexts	NOUN
faba-278	216	14	,	,	PUNCT
faba-278	216	15	particularly	particularly	ADV
faba-278	216	16	in	in	ADP
faba-278	216	17	industries	industry	NOUN
faba-278	216	18	that	that	PRON
faba-278	216	19	require	require	VERB
faba-278	216	20	a	a	DET
faba-278	216	21	stable	stable	ADJ
faba-278	216	22	financial	financial	ADJ
faba-278	216	23	base	base	NOUN
faba-278	216	24	to	to	PART
faba-278	216	25	navigate	navigate	VERB
faba-278	216	26	competitive	competitive	ADJ
faba-278	216	27	environments	environment	NOUN
faba-278	216	28	.	.	PUNCT
faba-278	217	1	a.	a.	PROPN
faba-278	217	2	j.	j.	PROPN
faba-278	217	3	lumbasio	lumbasio	PROPN
faba-278	217	4	,	,	PUNCT
faba-278	217	5	m.	m.	NOUN
faba-278	217	6	onsiro	onsiro	NOUN
faba-278	217	7	and	and	CCONJ
faba-278	217	8	i.	i.	PROPN
faba-278	217	9	abuga	abuga	PROPN
faba-278	217	10	/	/	SYM
faba-278	217	11	finance	finance	NOUN
faba-278	217	12	,	,	PUNCT
faba-278	217	13	accounting	accounting	NOUN
faba-278	217	14	and	and	CCONJ
faba-278	217	15	business	business	NOUN
faba-278	217	16	analysis	analysis	NOUN
faba-278	217	17	,	,	PUNCT
faba-278	217	18	volume	volume	NOUN
faba-278	217	19	7	7	NUM
faba-278	217	20	,	,	PUNCT
faba-278	217	21	issue	issue	NOUN
faba-278	217	22	2	2	NUM
faba-278	217	23	,	,	PUNCT
faba-278	217	24	2025	2025	NUM
faba-278	217	25	290	290	NUM
faba-278	217	26	regression	regression	NOUN
faba-278	217	27	analysis	analysis	NOUN
faba-278	217	28	table	table	NOUN
faba-278	217	29	2	2	NUM
faba-278	217	30	.	.	PUNCT
faba-278	217	31	model	model	NOUN
faba-278	217	32	summary	summary	NOUN
faba-278	217	33	on	on	ADP
faba-278	217	34	the	the	DET
faba-278	217	35	relationship	relationship	NOUN
faba-278	217	36	between	between	ADP
faba-278	217	37	preference	preference	NOUN
faba-278	217	38	share	share	NOUN
faba-278	217	39	capital	capital	NOUN
faba-278	217	40	and	and	CCONJ
faba-278	217	41	financial	financial	ADJ
faba-278	217	42	performance	performance	NOUN
faba-278	217	43	model	model	NOUN
faba-278	217	44	r	r	NOUN
faba-278	217	45	r	r	NOUN
faba-278	217	46	square	square	ADJ
faba-278	217	47	adjusted	adjust	VERB
faba-278	217	48	r	r	NOUN
faba-278	217	49	square	square	ADJ
faba-278	217	50	std	std	NOUN
faba-278	217	51	.	.	PUNCT
faba-278	218	1	error	error	NOUN
faba-278	218	2	of	of	ADP
faba-278	218	3	the	the	DET
faba-278	218	4	estimate	estimate	NOUN
faba-278	218	5	1	1	NUM
faba-278	218	6	0.506a	0.506a	NOUN
faba-278	218	7	0.256	0.256	NUM
faba-278	218	8	0.253	0.253	NUM
faba-278	218	9	0.705	0.705	NUM
faba-278	218	10	a.	a.	NOUN
faba-278	218	11	predictors	predictor	NOUN
faba-278	218	12	:	:	PUNCT
faba-278	218	13	(	(	PUNCT
faba-278	218	14	constant	constant	ADJ
faba-278	218	15	)	)	PUNCT
faba-278	218	16	,	,	PUNCT
faba-278	218	17	preference	preference	NOUN
faba-278	218	18	share	share	PROPN
faba-278	218	19	capital	capital	PROPN
faba-278	218	20	b.	b.	PROPN
faba-278	219	1	dependent	dependent	ADJ
faba-278	219	2	variable	variable	NOUN
faba-278	219	3	:	:	PUNCT
faba-278	219	4	financial	financial	ADJ
faba-278	219	5	performance	performance	NOUN
faba-278	219	6	(	(	PUNCT
faba-278	219	7	measured	measure	VERB
faba-278	219	8	by	by	ADP
faba-278	219	9	return	return	NOUN
faba-278	219	10	on	on	ADP
faba-278	219	11	assets	asset	NOUN
faba-278	219	12	)	)	PUNCT
faba-278	219	13	from	from	ADP
faba-278	219	14	table	table	NOUN
faba-278	219	15	2	2	NUM
faba-278	219	16	,	,	PUNCT
faba-278	219	17	the	the	DET
faba-278	219	18	coefficient	coefficient	NOUN
faba-278	219	19	of	of	ADP
faba-278	219	20	determination	determination	NOUN
faba-278	219	21	(	(	PUNCT
faba-278	219	22	adjusted	adjusted	ADJ
faba-278	219	23	r2	r2	NOUN
faba-278	219	24	)	)	PUNCT
faba-278	219	25	implied	imply	VERB
faba-278	219	26	that	that	SCONJ
faba-278	219	27	the	the	DET
faba-278	219	28	preference	preference	NOUN
faba-278	219	29	share	share	NOUN
faba-278	219	30	capital	capital	NOUN
faba-278	219	31	could	could	AUX
faba-278	219	32	explain	explain	VERB
faba-278	219	33	up	up	ADP
faba-278	219	34	to	to	PART
faba-278	219	35	25	25	NUM
faba-278	219	36	percent	percent	NOUN
faba-278	219	37	of	of	ADP
faba-278	219	38	the	the	DET
faba-278	219	39	variation	variation	NOUN
faba-278	219	40	in	in	ADP
faba-278	219	41	the	the	DET
faba-278	219	42	financial	financial	ADJ
faba-278	219	43	performance	performance	NOUN
faba-278	219	44	.	.	PUNCT
faba-278	220	1	the	the	DET
faba-278	220	2	remaining	remain	VERB
faba-278	220	3	percent	percent	NOUN
faba-278	220	4	of	of	ADP
faba-278	220	5	the	the	DET
faba-278	220	6	variation	variation	NOUN
faba-278	220	7	could	could	AUX
faba-278	220	8	be	be	AUX
faba-278	220	9	due	due	ADJ
faba-278	220	10	to	to	ADP
faba-278	220	11	other	other	ADJ
faba-278	220	12	predictors	predictor	NOUN
faba-278	220	13	not	not	PART
faba-278	220	14	in	in	ADP
faba-278	220	15	the	the	DET
faba-278	220	16	model	model	NOUN
faba-278	220	17	.	.	PUNCT
faba-278	221	1	the	the	DET
faba-278	221	2	model	model	NOUN
faba-278	221	3	test	test	NOUN
faba-278	221	4	of	of	ADP
faba-278	221	5	fitness	fitness	NOUN
faba-278	221	6	results	result	NOUN
faba-278	221	7	is	be	AUX
faba-278	221	8	presented	present	VERB
faba-278	221	9	in	in	ADP
faba-278	221	10	table	table	NOUN
faba-278	221	11	3	3	NUM
faba-278	221	12	indicating	indicate	VERB
faba-278	221	13	the	the	DET
faba-278	221	14	reliability	reliability	NOUN
faba-278	221	15	of	of	ADP
faba-278	221	16	the	the	DET
faba-278	221	17	model	model	NOUN
faba-278	221	18	in	in	ADP
faba-278	221	19	predicting	predict	VERB
faba-278	221	20	financial	financial	ADJ
faba-278	221	21	performance	performance	NOUN
faba-278	221	22	.	.	PUNCT
faba-278	222	1	table	table	NOUN
faba-278	222	2	3	3	NUM
faba-278	222	3	.	.	PUNCT
faba-278	222	4	anova	anova	PROPN
faba-278	222	5	for	for	ADP
faba-278	222	6	the	the	DET
faba-278	222	7	relationship	relationship	NOUN
faba-278	222	8	between	between	ADP
faba-278	222	9	preference	preference	NOUN
faba-278	222	10	share	share	NOUN
faba-278	222	11	capital	capital	NOUN
faba-278	222	12	and	and	CCONJ
faba-278	222	13	financial	financial	ADJ
faba-278	222	14	performance	performance	NOUN
faba-278	222	15	model	model	NOUN
faba-278	222	16	sum	sum	NOUN
faba-278	222	17	of	of	ADP
faba-278	222	18	squares	square	NOUN
faba-278	222	19	df	df	PROPN
faba-278	222	20	mean	mean	PROPN
faba-278	222	21	square	square	PROPN
faba-278	222	22	f	f	PROPN
faba-278	223	1	sig	sig	PROPN
faba-278	223	2	.	.	PROPN
faba-278	223	3	1	1	NUM
faba-278	223	4	regression	regression	VERB
faba-278	223	5	35.927	35.927	NUM
faba-278	223	6	1	1	NUM
faba-278	223	7	35.927	35.927	NUM
faba-278	223	8	72.300	72.300	NUM
faba-278	223	9	.000b	.000b	PROPN
faba-278	223	10	residual	residual	ADJ
faba-278	223	11	104.352	104.352	NUM
faba-278	223	12	210	210	NUM
faba-278	223	13	.497	.497	NUM
faba-278	223	14	total	total	ADJ
faba-278	223	15	140.278	140.278	NUM
faba-278	223	16	211	211	NUM
faba-278	223	17	the	the	DET
faba-278	223	18	model	model	NOUN
faba-278	223	19	result	result	NOUN
faba-278	223	20	of	of	ADP
faba-278	223	21	fitness	fitness	NOUN
faba-278	223	22	indicates	indicate	VERB
faba-278	223	23	an	an	DET
faba-278	223	24	f	f	NOUN
faba-278	223	25	-	-	PUNCT
faba-278	223	26	statistic	statistic	NOUN
faba-278	223	27	of	of	ADP
faba-278	223	28	72.300	72.300	NUM
faba-278	223	29	and	and	CCONJ
faba-278	223	30	a	a	DET
faba-278	223	31	p	p	NOUN
faba-278	223	32	-	-	PUNCT
faba-278	223	33	value	value	NOUN
faba-278	223	34	of	of	ADP
faba-278	223	35	0.000<0.05	0.000<0.05	PROPN
faba-278	223	36	.	.	PUNCT
faba-278	224	1	this	this	PRON
faba-278	224	2	indicates	indicate	VERB
faba-278	224	3	that	that	SCONJ
faba-278	224	4	the	the	DET
faba-278	224	5	model	model	NOUN
faba-278	224	6	is	be	AUX
faba-278	224	7	fit	fit	ADJ
faba-278	224	8	for	for	ADP
faba-278	224	9	prediction	prediction	NOUN
faba-278	224	10	at	at	ADP
faba-278	224	11	95	95	NUM
faba-278	224	12	percent	percent	NOUN
faba-278	224	13	confidence	confidence	NOUN
faba-278	224	14	level	level	NOUN
faba-278	224	15	.	.	PUNCT
faba-278	225	1	preference	preference	NOUN
faba-278	225	2	share	share	PROPN
faba-278	225	3	capital	capital	PROPN
faba-278	225	4	had	have	VERB
faba-278	225	5	a	a	DET
faba-278	225	6	significant	significant	ADJ
faba-278	225	7	effect	effect	NOUN
faba-278	225	8	on	on	ADP
faba-278	225	9	the	the	DET
faba-278	225	10	financial	financial	ADJ
faba-278	225	11	performance	performance	NOUN
faba-278	225	12	.	.	PUNCT
faba-278	226	1	the	the	DET
faba-278	226	2	study	study	NOUN
faba-278	226	3	of	of	ADP
faba-278	226	4	multiple	multiple	ADJ
faba-278	226	5	regression	regression	NOUN
faba-278	226	6	model	model	NOUN
faba-278	226	7	coefficients	coefficient	NOUN
faba-278	226	8	obtained	obtain	VERB
faba-278	226	9	which	which	PRON
faba-278	226	10	could	could	AUX
faba-278	226	11	be	be	AUX
faba-278	226	12	used	use	VERB
faba-278	226	13	for	for	ADP
faba-278	226	14	prediction	prediction	NOUN
faba-278	226	15	are	be	AUX
faba-278	226	16	presented	present	VERB
faba-278	226	17	in	in	ADP
faba-278	226	18	table	table	NOUN
faba-278	226	19	4	4	NUM
faba-278	226	20	.	.	PUNCT
faba-278	226	21	table	table	NOUN
faba-278	226	22	4	4	NUM
faba-278	226	23	.	.	PUNCT
faba-278	226	24	model	model	NOUN
faba-278	226	25	coefficients	coefficient	NOUN
faba-278	226	26	for	for	ADP
faba-278	226	27	the	the	DET
faba-278	226	28	relationship	relationship	NOUN
faba-278	226	29	between	between	ADP
faba-278	226	30	preference	preference	NOUN
faba-278	226	31	share	share	NOUN
faba-278	226	32	capital	capital	NOUN
faba-278	226	33	and	and	CCONJ
faba-278	226	34	financial	financial	ADJ
faba-278	226	35	performance	performance	NOUN
faba-278	226	36	model	model	NOUN
faba-278	226	37	unstandardized	unstandardized	ADJ
faba-278	226	38	coefficients	coefficient	NOUN
faba-278	226	39	standardized	standardize	VERB
faba-278	226	40	coefficients	coefficient	NOUN
faba-278	226	41	t	t	PROPN
faba-278	226	42	sig	sig	PROPN
faba-278	226	43	.	.	PUNCT
faba-278	227	1	b	b	X
faba-278	227	2	std	std	PROPN
faba-278	227	3	.	.	NOUN
faba-278	227	4	error	error	NOUN
faba-278	227	5	beta	beta	NOUN
faba-278	227	6	1	1	NUM
faba-278	227	7	(	(	PUNCT
faba-278	227	8	constant	constant	ADJ
faba-278	227	9	)	)	PUNCT
faba-278	227	10	1.665	1.665	NUM
faba-278	227	11	0.302	0.302	NUM
faba-278	227	12	5.508	5.508	NUM
faba-278	227	13	0.000	0.000	NUM
faba-278	227	14	preference	preference	NOUN
faba-278	227	15	shares	share	NOUN
faba-278	227	16	0.594	0.594	NUM
faba-278	227	17	0.070	0.070	NUM
faba-278	227	18	0.506	0.506	NUM
faba-278	227	19	8.503	8.503	NUM
faba-278	227	20	0.000	0.000	NUM
faba-278	227	21	as	as	SCONJ
faba-278	227	22	shown	show	VERB
faba-278	227	23	above	above	ADP
faba-278	227	24	,	,	PUNCT
faba-278	227	25	preference	preference	NOUN
faba-278	227	26	share	share	NOUN
faba-278	227	27	capital	capital	NOUN
faba-278	227	28	was	be	AUX
faba-278	227	29	found	find	VERB
faba-278	227	30	to	to	PART
faba-278	227	31	positively	positively	ADV
faba-278	227	32	influence	influence	VERB
faba-278	227	33	financial	financial	ADJ
faba-278	227	34	performance	performance	NOUN
faba-278	227	35	in	in	ADP
faba-278	227	36	the	the	DET
faba-278	227	37	listed	list	VERB
faba-278	227	38	manufacturing	manufacturing	NOUN
faba-278	227	39	and	and	CCONJ
faba-278	227	40	allied	allied	ADJ
faba-278	227	41	firms	firm	NOUN
faba-278	227	42	.	.	PUNCT
faba-278	228	1	this	this	PRON
faba-278	228	2	implies	imply	VERB
faba-278	228	3	that	that	SCONJ
faba-278	228	4	an	an	DET
faba-278	228	5	increase	increase	NOUN
faba-278	228	6	in	in	ADP
faba-278	228	7	this	this	DET
faba-278	228	8	practice	practice	NOUN
faba-278	228	9	will	will	AUX
faba-278	228	10	result	result	VERB
faba-278	228	11	in	in	ADP
faba-278	228	12	improvement	improvement	NOUN
faba-278	228	13	of	of	ADP
faba-278	228	14	the	the	DET
faba-278	228	15	financial	financial	ADJ
faba-278	228	16	performance	performance	NOUN
faba-278	228	17	.	.	PUNCT
faba-278	229	1	in	in	ADP
faba-278	229	2	addition	addition	NOUN
faba-278	229	3	,	,	PUNCT
faba-278	229	4	the	the	DET
faba-278	229	5	variable	variable	NOUN
faba-278	229	6	has	have	VERB
faba-278	229	7	a	a	DET
faba-278	229	8	p	p	NOUN
faba-278	229	9	-	-	PUNCT
faba-278	229	10	value	value	NOUN
faba-278	229	11	of	of	ADP
faba-278	229	12	0.000	0.000	NUM
faba-278	229	13	,	,	PUNCT
faba-278	229	14	which	which	DET
faba-278	229	15	less	less	ADJ
faba-278	229	16	than	than	ADP
faba-278	229	17	5	5	NUM
faba-278	229	18	%	%	NOUN
faba-278	229	19	(	(	PUNCT
faba-278	229	20	p	p	X
faba-278	229	21	<	<	X
faba-278	229	22	0.05	0.05	NUM
faba-278	229	23	)	)	PUNCT
faba-278	229	24	meaning	mean	VERB
faba-278	229	25	that	that	SCONJ
faba-278	229	26	the	the	DET
faba-278	229	27	variable	variable	NOUN
faba-278	229	28	is	be	AUX
faba-278	229	29	significant	significant	ADJ
faba-278	229	30	in	in	ADP
faba-278	229	31	explaining	explain	VERB
faba-278	229	32	the	the	DET
faba-278	229	33	variations	variation	NOUN
faba-278	229	34	in	in	ADP
faba-278	229	35	financial	financial	ADJ
faba-278	229	36	performance	performance	NOUN
faba-278	229	37	in	in	ADP
faba-278	229	38	the	the	DET
faba-278	229	39	listed	list	VERB
faba-278	229	40	manufacturing	manufacturing	NOUN
faba-278	229	41	and	and	CCONJ
faba-278	229	42	allied	allied	ADJ
faba-278	229	43	firms	firm	NOUN
faba-278	229	44	.	.	PUNCT
faba-278	230	1	discussion	discussion	NOUN
faba-278	230	2	of	of	ADP
faba-278	230	3	findings	finding	NOUN
faba-278	230	4	the	the	DET
faba-278	230	5	findings	finding	NOUN
faba-278	230	6	indicate	indicate	VERB
faba-278	230	7	that	that	SCONJ
faba-278	230	8	preference	preference	NOUN
faba-278	230	9	share	share	NOUN
faba-278	230	10	capital	capital	NOUN
faba-278	230	11	positively	positively	ADV
faba-278	230	12	influences	influence	VERB
faba-278	230	13	financial	financial	ADJ
faba-278	230	14	performance	performance	NOUN
faba-278	230	15	,	,	PUNCT
faba-278	230	16	explaining	explain	VERB
faba-278	230	17	up	up	ADP
faba-278	230	18	to	to	PART
faba-278	230	19	25	25	NUM
faba-278	230	20	%	%	NOUN
faba-278	230	21	of	of	ADP
faba-278	230	22	its	its	PRON
faba-278	230	23	variation	variation	NOUN
faba-278	230	24	.	.	PUNCT
faba-278	231	1	the	the	DET
faba-278	231	2	significant	significant	ADJ
faba-278	231	3	p	p	NOUN
faba-278	231	4	-	-	PUNCT
faba-278	231	5	value	value	NOUN
faba-278	231	6	(	(	PUNCT
faba-278	231	7	<	<	NOUN
faba-278	231	8	0.05	0.05	NUM
faba-278	231	9	)	)	PUNCT
faba-278	231	10	reinforces	reinforce	VERB
faba-278	231	11	this	this	DET
faba-278	231	12	positive	positive	ADJ
faba-278	231	13	impact	impact	NOUN
faba-278	231	14	,	,	PUNCT
faba-278	231	15	suggesting	suggest	VERB
faba-278	231	16	that	that	SCONJ
faba-278	231	17	increasing	increase	VERB
faba-278	231	18	preference	preference	NOUN
faba-278	231	19	share	share	NOUN
faba-278	231	20	capital	capital	NOUN
faba-278	231	21	enhances	enhance	VERB
faba-278	231	22	financial	financial	ADJ
faba-278	231	23	performance	performance	NOUN
faba-278	231	24	in	in	ADP
faba-278	231	25	listed	list	VERB
faba-278	231	26	manufacturing	manufacturing	NOUN
faba-278	231	27	and	and	CCONJ
faba-278	231	28	allied	allied	ADJ
faba-278	231	29	firms	firm	NOUN
faba-278	231	30	in	in	ADP
faba-278	231	31	kenya	kenya	PROPN
faba-278	231	32	.	.	PUNCT
faba-278	232	1	this	this	PRON
faba-278	232	2	could	could	AUX
faba-278	232	3	be	be	AUX
faba-278	232	4	attributed	attribute	VERB
faba-278	232	5	to	to	ADP
faba-278	232	6	the	the	DET
faba-278	232	7	stability	stability	NOUN
faba-278	232	8	and	and	CCONJ
faba-278	232	9	fixed	fix	VERB
faba-278	232	10	nature	nature	NOUN
faba-278	232	11	of	of	ADP
faba-278	232	12	returns	return	NOUN
faba-278	232	13	associated	associate	VERB
faba-278	232	14	with	with	ADP
faba-278	232	15	preference	preference	NOUN
faba-278	232	16	shares	share	NOUN
faba-278	232	17	,	,	PUNCT
faba-278	232	18	which	which	PRON
faba-278	232	19	likely	likely	ADV
faba-278	232	20	contribute	contribute	VERB
faba-278	232	21	to	to	ADP
faba-278	232	22	predictable	predictable	ADJ
faba-278	232	23	earnings	earning	NOUN
faba-278	232	24	.	.	PUNCT
faba-278	233	1	however	however	ADV
faba-278	233	2	,	,	PUNCT
faba-278	233	3	the	the	DET
faba-278	233	4	relatively	relatively	ADV
faba-278	233	5	moderate	moderate	ADJ
faba-278	233	6	coefficient	coefficient	NOUN
faba-278	233	7	of	of	ADP
faba-278	233	8	determination	determination	NOUN
faba-278	233	9	implies	imply	VERB
faba-278	233	10	other	other	ADJ
faba-278	233	11	factors	factor	NOUN
faba-278	233	12	also	also	ADV
faba-278	233	13	play	play	VERB
faba-278	233	14	significant	significant	ADJ
faba-278	233	15	roles	role	NOUN
faba-278	233	16	in	in	ADP
faba-278	233	17	influencing	influence	VERB
faba-278	233	18	financial	financial	ADJ
faba-278	233	19	performance	performance	NOUN
faba-278	233	20	,	,	PUNCT
faba-278	233	21	highlighting	highlight	VERB
faba-278	233	22	the	the	DET
faba-278	233	23	need	need	NOUN
faba-278	233	24	for	for	ADP
faba-278	233	25	a	a	DET
faba-278	233	26	balanced	balanced	ADJ
faba-278	233	27	capital	capital	NOUN
faba-278	233	28	structure	structure	NOUN
faba-278	233	29	.	.	PUNCT
faba-278	234	1	preference	preference	NOUN
faba-278	234	2	share	share	PROPN
faba-278	234	3	capital	capital	NOUN
faba-278	234	4	showed	show	VERB
faba-278	234	5	no	no	DET
faba-278	234	6	issues	issue	NOUN
faba-278	234	7	of	of	ADP
faba-278	234	8	multi	multi	NOUN
faba-278	234	9	-	-	NOUN
faba-278	234	10	collinearity	collinearity	NOUN
faba-278	234	11	,	,	PUNCT
faba-278	234	12	as	as	SCONJ
faba-278	234	13	reflected	reflect	VERB
faba-278	234	14	by	by	ADP
faba-278	234	15	a	a	DET
faba-278	234	16	tolerance	tolerance	NOUN
faba-278	234	17	value	value	NOUN
faba-278	234	18	of	of	ADP
faba-278	234	19	0.576	0.576	NUM
faba-278	234	20	and	and	CCONJ
faba-278	234	21	a	a	DET
faba-278	234	22	vif	vif	NOUN
faba-278	234	23	of	of	ADP
faba-278	234	24	1.553	1.553	NUM
faba-278	234	25	.	.	PUNCT
faba-278	235	1	the	the	DET
faba-278	235	2	normality	normality	NOUN
faba-278	235	3	test	test	NOUN
faba-278	235	4	further	far	ADV
faba-278	235	5	supported	support	VERB
faba-278	235	6	the	the	DET
faba-278	235	7	data	datum	NOUN
faba-278	235	8	’s	’s	PART
faba-278	235	9	appropriateness	appropriateness	NOUN
faba-278	235	10	,	,	PUNCT
faba-278	235	11	with	with	ADP
faba-278	235	12	skewness	skewness	NOUN
faba-278	235	13	and	and	CCONJ
faba-278	235	14	kurtosis	kurtosis	VERB
faba-278	235	15	values	value	NOUN
faba-278	235	16	of	of	ADP
faba-278	235	17	-0.311	-0.311	NUM
faba-278	235	18	and	and	CCONJ
faba-278	235	19	-1.976	-1.976	NOUN
faba-278	235	20	,	,	PUNCT
faba-278	235	21	respectively	respectively	ADV
faba-278	235	22	.	.	PUNCT
faba-278	236	1	factor	factor	NOUN
faba-278	236	2	analysis	analysis	NOUN
faba-278	236	3	results	result	NOUN
faba-278	236	4	demonstrated	demonstrate	VERB
faba-278	236	5	that	that	SCONJ
faba-278	236	6	preference	preference	NOUN
faba-278	236	7	shares	share	NOUN
faba-278	236	8	are	be	AUX
faba-278	236	9	integral	integral	ADJ
faba-278	236	10	to	to	ADP
faba-278	236	11	capital	capital	NOUN
faba-278	236	12	structure	structure	NOUN
faba-278	236	13	,	,	PUNCT
faba-278	236	14	as	as	SCONJ
faba-278	236	15	two	two	NUM
faba-278	236	16	principal	principal	ADJ
faba-278	236	17	components	component	NOUN
faba-278	236	18	explained	explain	VERB
faba-278	236	19	53.59	53.59	NUM
faba-278	236	20	%	%	NOUN
faba-278	236	21	of	of	ADP
faba-278	236	22	the	the	DET
faba-278	236	23	variance	variance	NOUN
faba-278	236	24	.	.	PUNCT
faba-278	237	1	variables	variable	NOUN
faba-278	237	2	like	like	ADP
faba-278	237	3	the	the	DET
faba-278	237	4	nonconvertibility	nonconvertibility	NOUN
faba-278	237	5	of	of	ADP
faba-278	237	6	preference	preference	NOUN
faba-278	237	7	shares	share	NOUN
faba-278	237	8	to	to	ADP
faba-278	237	9	equity	equity	NOUN
faba-278	237	10	and	and	CCONJ
faba-278	237	11	their	their	PRON
faba-278	237	12	lack	lack	NOUN
faba-278	237	13	of	of	ADP
faba-278	237	14	voting	voting	NOUN
faba-278	237	15	rights	right	NOUN
faba-278	237	16	emerged	emerge	VERB
faba-278	237	17	as	as	ADP
faba-278	237	18	significant	significant	ADJ
faba-278	237	19	.	.	PUNCT
faba-278	238	1	this	this	PRON
faba-278	238	2	underscores	underscore	VERB
faba-278	238	3	that	that	SCONJ
faba-278	238	4	firms	firm	NOUN
faba-278	238	5	in	in	ADP
faba-278	238	6	the	the	DET
faba-278	238	7	manufacturing	manufacturing	NOUN
faba-278	238	8	and	and	CCONJ
faba-278	238	9	allied	ally	VERB
faba-278	238	10	sectors	sector	NOUN
faba-278	238	11	of	of	ADP
faba-278	238	12	kenya	kenya	PROPN
faba-278	238	13	rely	rely	VERB
faba-278	238	14	on	on	ADP
faba-278	238	15	preference	preference	NOUN
faba-278	238	16	shares	share	NOUN
faba-278	238	17	as	as	ADP
faba-278	238	18	a	a	DET
faba-278	238	19	stable	stable	ADJ
faba-278	238	20	source	source	NOUN
faba-278	238	21	of	of	ADP
faba-278	238	22	financing	financing	NOUN
faba-278	238	23	,	,	PUNCT
faba-278	238	24	potentially	potentially	ADV
faba-278	238	25	mitigating	mitigate	VERB
faba-278	238	26	risks	risk	NOUN
faba-278	238	27	associated	associate	VERB
faba-278	238	28	with	with	ADP
faba-278	238	29	other	other	ADJ
faba-278	238	30	capital	capital	NOUN
faba-278	238	31	forms	form	NOUN
faba-278	238	32	.	.	PUNCT
faba-278	239	1	a.	a.	PROPN
faba-278	239	2	j.	j.	PROPN
faba-278	239	3	lumbasio	lumbasio	PROPN
faba-278	239	4	,	,	PUNCT
faba-278	239	5	m.	m.	NOUN
faba-278	239	6	onsiro	onsiro	NOUN
faba-278	239	7	and	and	CCONJ
faba-278	239	8	i.	i.	PROPN
faba-278	239	9	abuga	abuga	PROPN
faba-278	239	10	/	/	SYM
faba-278	239	11	finance	finance	NOUN
faba-278	239	12	,	,	PUNCT
faba-278	239	13	accounting	accounting	NOUN
faba-278	239	14	and	and	CCONJ
faba-278	239	15	business	business	NOUN
faba-278	239	16	analysis	analysis	NOUN
faba-278	239	17	,	,	PUNCT
faba-278	239	18	volume	volume	NOUN
faba-278	239	19	7	7	NUM
faba-278	239	20	,	,	PUNCT
faba-278	239	21	issue	issue	NOUN
faba-278	239	22	2	2	NUM
faba-278	239	23	,	,	PUNCT
faba-278	239	24	2025	2025	NUM
faba-278	239	25	291	291	NUM
faba-278	239	26	the	the	DET
faba-278	239	27	finding	finding	NOUN
faba-278	239	28	that	that	SCONJ
faba-278	239	29	preference	preference	NOUN
faba-278	239	30	share	share	NOUN
faba-278	239	31	capital	capital	NOUN
faba-278	239	32	positively	positively	ADV
faba-278	239	33	influences	influence	VERB
faba-278	239	34	financial	financial	ADJ
faba-278	239	35	performance	performance	NOUN
faba-278	239	36	aligns	align	VERB
faba-278	239	37	with	with	ADP
faba-278	239	38	the	the	DET
faba-278	239	39	studies	study	NOUN
faba-278	239	40	by	by	ADP
faba-278	239	41	mwiya	mwiya	PROPN
faba-278	239	42	et	et	PROPN
faba-278	239	43	al	al	PROPN
faba-278	239	44	.	.	PROPN
faba-278	240	1	(	(	PUNCT
faba-278	240	2	2021	2021	NUM
faba-278	240	3	)	)	PUNCT
faba-278	240	4	on	on	ADP
faba-278	240	5	zambian	zambian	ADJ
faba-278	240	6	listed	list	VERB
faba-278	240	7	firms	firm	NOUN
faba-278	240	8	and	and	CCONJ
faba-278	240	9	fathi	fathi	PROPN
faba-278	240	10	et	et	PROPN
faba-278	240	11	al	al	PROPN
faba-278	240	12	.	.	PROPN
faba-278	241	1	(	(	PUNCT
faba-278	241	2	2022	2022	NUM
faba-278	241	3	)	)	PUNCT
faba-278	241	4	on	on	ADP
faba-278	241	5	middle	middle	ADJ
faba-278	241	6	eastern	eastern	ADJ
faba-278	241	7	firms	firm	NOUN
faba-278	241	8	,	,	PUNCT
faba-278	241	9	both	both	PRON
faba-278	241	10	showing	show	VERB
faba-278	241	11	that	that	SCONJ
faba-278	241	12	preference	preference	NOUN
faba-278	241	13	shares	share	NOUN
faba-278	241	14	offer	offer	VERB
faba-278	241	15	a	a	DET
faba-278	241	16	stable	stable	ADJ
faba-278	241	17	dividend	dividend	NOUN
faba-278	241	18	policy	policy	NOUN
faba-278	241	19	and	and	CCONJ
faba-278	241	20	reduce	reduce	VERB
faba-278	241	21	volatility	volatility	NOUN
faba-278	241	22	in	in	ADP
faba-278	241	23	financial	financial	ADJ
faba-278	241	24	returns	return	NOUN
faba-278	241	25	.	.	PUNCT
faba-278	242	1	however	however	ADV
faba-278	242	2	,	,	PUNCT
faba-278	242	3	kojo	kojo	PROPN
faba-278	242	4	and	and	CCONJ
faba-278	242	5	amoako	amoako	PROPN
faba-278	242	6	(	(	PUNCT
faba-278	242	7	2020	2020	NUM
faba-278	242	8	)	)	PUNCT
faba-278	242	9	from	from	ADP
faba-278	242	10	ghana	ghana	PROPN
faba-278	242	11	contradict	contradict	VERB
faba-278	242	12	this	this	PRON
faba-278	242	13	,	,	PUNCT
faba-278	242	14	arguing	argue	VERB
faba-278	242	15	that	that	SCONJ
faba-278	242	16	preference	preference	NOUN
faba-278	242	17	shares	share	NOUN
faba-278	242	18	can	can	AUX
faba-278	242	19	limit	limit	VERB
faba-278	242	20	growth	growth	NOUN
faba-278	242	21	because	because	SCONJ
faba-278	242	22	the	the	DET
faba-278	242	23	fixed	fix	VERB
faba-278	242	24	dividend	dividend	NOUN
faba-278	242	25	payouts	payout	NOUN
faba-278	242	26	reduce	reduce	VERB
faba-278	242	27	retained	retain	VERB
faba-278	242	28	earnings	earning	NOUN
faba-278	242	29	for	for	ADP
faba-278	242	30	reinvestment	reinvestment	NOUN
faba-278	242	31	.	.	PUNCT
faba-278	243	1	hussain	hussain	PROPN
faba-278	243	2	and	and	CCONJ
faba-278	243	3	alam	alam	PROPN
faba-278	243	4	(	(	PUNCT
faba-278	243	5	2023	2023	NUM
faba-278	243	6	)	)	PUNCT
faba-278	243	7	,	,	PUNCT
faba-278	243	8	studying	study	VERB
faba-278	243	9	firms	firm	NOUN
faba-278	243	10	in	in	ADP
faba-278	243	11	south	south	PROPN
faba-278	243	12	asia	asia	PROPN
faba-278	243	13	,	,	PUNCT
faba-278	243	14	assert	assert	VERB
faba-278	243	15	that	that	SCONJ
faba-278	243	16	preference	preference	NOUN
faba-278	243	17	shares	share	NOUN
faba-278	243	18	can	can	AUX
faba-278	243	19	cause	cause	VERB
faba-278	243	20	liquidity	liquidity	NOUN
faba-278	243	21	strain	strain	NOUN
faba-278	243	22	when	when	SCONJ
faba-278	243	23	firms	firm	NOUN
faba-278	243	24	are	be	AUX
faba-278	243	25	struggling	struggle	VERB
faba-278	243	26	,	,	PUNCT
faba-278	243	27	which	which	PRON
faba-278	243	28	may	may	AUX
faba-278	243	29	negatively	negatively	ADV
faba-278	243	30	affect	affect	VERB
faba-278	243	31	performance	performance	NOUN
faba-278	243	32	.	.	PUNCT
faba-278	244	1	furthermore	furthermore	ADV
faba-278	244	2	,	,	PUNCT
faba-278	244	3	yoon	yoon	PROPN
faba-278	244	4	et	et	PROPN
faba-278	244	5	al	al	PROPN
faba-278	244	6	.	.	PROPN
faba-278	244	7	(	(	PUNCT
faba-278	244	8	2023	2023	NUM
faba-278	244	9	)	)	PUNCT
faba-278	244	10	highlight	highlight	VERB
faba-278	244	11	the	the	DET
faba-278	244	12	sector	sector	NOUN
faba-278	244	13	-	-	PUNCT
faba-278	244	14	specific	specific	ADJ
faba-278	244	15	nature	nature	NOUN
faba-278	244	16	of	of	ADP
faba-278	244	17	this	this	DET
faba-278	244	18	relationship	relationship	NOUN
faba-278	244	19	,	,	PUNCT
faba-278	244	20	finding	find	VERB
faba-278	244	21	that	that	SCONJ
faba-278	244	22	in	in	ADP
faba-278	244	23	capital	capital	NOUN
faba-278	244	24	-	-	PUNCT
faba-278	244	25	intensive	intensive	ADJ
faba-278	244	26	industries	industry	NOUN
faba-278	244	27	such	such	ADJ
faba-278	244	28	as	as	ADP
faba-278	244	29	infrastructure	infrastructure	NOUN
faba-278	244	30	,	,	PUNCT
faba-278	244	31	preference	preference	NOUN
faba-278	244	32	shares	share	NOUN
faba-278	244	33	enhance	enhance	VERB
faba-278	244	34	stability	stability	NOUN
faba-278	244	35	but	but	CCONJ
faba-278	244	36	in	in	ADP
faba-278	244	37	tech	tech	NOUN
faba-278	244	38	sectors	sector	NOUN
faba-278	244	39	,	,	PUNCT
faba-278	244	40	they	they	PRON
faba-278	244	41	may	may	AUX
faba-278	244	42	hinder	hinder	VERB
faba-278	244	43	innovation	innovation	NOUN
faba-278	244	44	by	by	ADP
faba-278	244	45	restricting	restrict	VERB
faba-278	244	46	cash	cash	NOUN
faba-278	244	47	flow	flow	NOUN
faba-278	244	48	.	.	PUNCT
faba-278	245	1	in	in	ADP
faba-278	245	2	contrast	contrast	NOUN
faba-278	245	3	,	,	PUNCT
faba-278	245	4	chong	chong	PROPN
faba-278	245	5	and	and	CCONJ
faba-278	245	6	wang	wang	PROPN
faba-278	245	7	(	(	PUNCT
faba-278	245	8	2021	2021	NUM
faba-278	245	9	)	)	PUNCT
faba-278	245	10	examined	examine	VERB
faba-278	245	11	southeast	southeast	ADJ
faba-278	245	12	asian	asian	ADJ
faba-278	245	13	manufacturing	manufacturing	NOUN
faba-278	245	14	firms	firm	NOUN
faba-278	245	15	and	and	CCONJ
faba-278	245	16	found	find	VERB
faba-278	245	17	no	no	DET
faba-278	245	18	significant	significant	ADJ
faba-278	245	19	relationship	relationship	NOUN
faba-278	245	20	between	between	ADP
faba-278	245	21	preference	preference	NOUN
faba-278	245	22	share	share	NOUN
faba-278	245	23	capital	capital	NOUN
faba-278	245	24	and	and	CCONJ
faba-278	245	25	financial	financial	ADJ
faba-278	245	26	performance	performance	NOUN
faba-278	245	27	,	,	PUNCT
faba-278	245	28	arguing	argue	VERB
faba-278	245	29	that	that	SCONJ
faba-278	245	30	firms	firm	NOUN
faba-278	245	31	relying	rely	VERB
faba-278	245	32	on	on	ADP
faba-278	245	33	equity	equity	NOUN
faba-278	245	34	capital	capital	NOUN
faba-278	245	35	may	may	AUX
faba-278	245	36	suffer	suffer	VERB
faba-278	245	37	from	from	ADP
faba-278	245	38	shareholder	shareholder	NOUN
faba-278	245	39	constraints	constraint	NOUN
faba-278	245	40	,	,	PUNCT
faba-278	245	41	weakening	weaken	VERB
faba-278	245	42	profitability	profitability	NOUN
faba-278	245	43	.	.	PUNCT
faba-278	246	1	conclusion	conclusion	NOUN
faba-278	246	2	the	the	DET
faba-278	246	3	study	study	NOUN
faba-278	246	4	concludes	conclude	VERB
faba-278	246	5	that	that	SCONJ
faba-278	246	6	preference	preference	NOUN
faba-278	246	7	share	share	NOUN
faba-278	246	8	capital	capital	NOUN
faba-278	246	9	has	have	VERB
faba-278	246	10	a	a	DET
faba-278	246	11	positive	positive	ADJ
faba-278	246	12	and	and	CCONJ
faba-278	246	13	statistically	statistically	ADV
faba-278	246	14	significant	significant	ADJ
faba-278	246	15	influence	influence	NOUN
faba-278	246	16	on	on	ADP
faba-278	246	17	the	the	DET
faba-278	246	18	financial	financial	ADJ
faba-278	246	19	performance	performance	NOUN
faba-278	246	20	of	of	ADP
faba-278	246	21	listed	list	VERB
faba-278	246	22	manufacturing	manufacturing	NOUN
faba-278	246	23	and	and	CCONJ
faba-278	246	24	allied	allied	ADJ
faba-278	246	25	firms	firm	NOUN
faba-278	246	26	in	in	ADP
faba-278	246	27	kenya	kenya	PROPN
faba-278	246	28	.	.	PUNCT
faba-278	247	1	the	the	DET
faba-278	247	2	regression	regression	NOUN
faba-278	247	3	results	result	NOUN
faba-278	247	4	indicated	indicate	VERB
faba-278	247	5	that	that	SCONJ
faba-278	247	6	preference	preference	NOUN
faba-278	247	7	share	share	NOUN
faba-278	247	8	capital	capital	NOUN
faba-278	247	9	accounts	account	VERB
faba-278	247	10	for	for	ADP
faba-278	247	11	approximately	approximately	ADV
faba-278	247	12	25	25	NUM
faba-278	247	13	percent	percent	NOUN
faba-278	247	14	of	of	ADP
faba-278	247	15	the	the	DET
faba-278	247	16	variation	variation	NOUN
faba-278	247	17	in	in	ADP
faba-278	247	18	financial	financial	ADJ
faba-278	247	19	performance	performance	NOUN
faba-278	247	20	,	,	PUNCT
faba-278	247	21	confirming	confirm	VERB
faba-278	247	22	its	its	PRON
faba-278	247	23	relevance	relevance	NOUN
faba-278	247	24	as	as	ADP
faba-278	247	25	part	part	NOUN
faba-278	247	26	of	of	ADP
faba-278	247	27	capital	capital	NOUN
faba-278	247	28	structure	structure	NOUN
faba-278	247	29	.	.	PUNCT
faba-278	248	1	the	the	DET
faba-278	248	2	positive	positive	ADJ
faba-278	248	3	coefficient	coefficient	NOUN
faba-278	248	4	further	far	ADV
faba-278	248	5	suggests	suggest	VERB
faba-278	248	6	that	that	SCONJ
faba-278	248	7	greater	great	ADJ
faba-278	248	8	use	use	NOUN
faba-278	248	9	of	of	ADP
faba-278	248	10	preference	preference	NOUN
faba-278	248	11	share	share	NOUN
faba-278	248	12	capital	capital	NOUN
faba-278	248	13	is	be	AUX
faba-278	248	14	associated	associate	VERB
faba-278	248	15	with	with	ADP
faba-278	248	16	improved	improved	ADJ
faba-278	248	17	performance	performance	NOUN
faba-278	248	18	outcomes	outcome	NOUN
faba-278	248	19	within	within	ADP
faba-278	248	20	these	these	DET
faba-278	248	21	firms	firm	NOUN
faba-278	248	22	.	.	PUNCT
faba-278	249	1	descriptive	descriptive	ADJ
faba-278	249	2	findings	finding	NOUN
faba-278	249	3	revealed	reveal	VERB
faba-278	249	4	that	that	SCONJ
faba-278	249	5	preference	preference	NOUN
faba-278	249	6	shares	share	NOUN
faba-278	249	7	are	be	AUX
faba-278	249	8	widely	widely	ADV
faba-278	249	9	acknowledged	acknowledge	VERB
faba-278	249	10	as	as	ADP
faba-278	249	11	integral	integral	ADJ
faba-278	249	12	to	to	ADP
faba-278	249	13	financing	financing	NOUN
faba-278	249	14	strategies	strategy	NOUN
faba-278	249	15	,	,	PUNCT
faba-278	249	16	particularly	particularly	ADV
faba-278	249	17	due	due	ADJ
faba-278	249	18	to	to	ADP
faba-278	249	19	their	their	PRON
faba-278	249	20	non	non	ADJ
faba-278	249	21	-	-	ADJ
faba-278	249	22	voting	voting	ADJ
faba-278	249	23	rights	right	NOUN
faba-278	249	24	,	,	PUNCT
faba-278	249	25	long	long	ADJ
faba-278	249	26	-	-	PUNCT
faba-278	249	27	term	term	NOUN
faba-278	249	28	stability	stability	NOUN
faba-278	249	29	,	,	PUNCT
faba-278	249	30	and	and	CCONJ
faba-278	249	31	non	non	ADJ
faba-278	249	32	-	-	ADJ
faba-278	249	33	convertible	convertible	ADJ
faba-278	249	34	nature	nature	NOUN
faba-278	249	35	.	.	PUNCT
faba-278	250	1	these	these	DET
faba-278	250	2	attributes	attribute	NOUN
faba-278	250	3	make	make	VERB
faba-278	250	4	preference	preference	NOUN
faba-278	250	5	shares	share	NOUN
faba-278	250	6	attractive	attractive	ADJ
faba-278	250	7	to	to	ADP
faba-278	250	8	firms	firm	NOUN
faba-278	250	9	seeking	seek	VERB
faba-278	250	10	to	to	PART
faba-278	250	11	raise	raise	VERB
faba-278	250	12	capital	capital	NOUN
faba-278	250	13	without	without	ADP
faba-278	250	14	diluting	dilute	VERB
faba-278	250	15	ownership	ownership	NOUN
faba-278	250	16	control	control	NOUN
faba-278	250	17	,	,	PUNCT
faba-278	250	18	while	while	SCONJ
faba-278	250	19	also	also	ADV
faba-278	250	20	ensuring	ensure	VERB
faba-278	250	21	predictable	predictable	ADJ
faba-278	250	22	financing	financing	NOUN
faba-278	250	23	commitments	commitment	NOUN
faba-278	250	24	.	.	PUNCT
faba-278	251	1	however	however	ADV
faba-278	251	2	,	,	PUNCT
faba-278	251	3	the	the	DET
faba-278	251	4	explanatory	explanatory	ADJ
faba-278	251	5	power	power	NOUN
faba-278	251	6	of	of	ADP
faba-278	251	7	preference	preference	NOUN
faba-278	251	8	share	share	NOUN
faba-278	251	9	capital	capital	NOUN
faba-278	251	10	remains	remain	VERB
faba-278	251	11	moderate	moderate	ADJ
faba-278	251	12	,	,	PUNCT
faba-278	251	13	implying	imply	VERB
faba-278	251	14	that	that	SCONJ
faba-278	251	15	other	other	ADJ
faba-278	251	16	financial	financial	ADJ
faba-278	251	17	and	and	CCONJ
faba-278	251	18	operational	operational	ADJ
faba-278	251	19	factors	factor	NOUN
faba-278	251	20	beyond	beyond	ADP
faba-278	251	21	the	the	DET
faba-278	251	22	current	current	ADJ
faba-278	251	23	model	model	NOUN
faba-278	251	24	also	also	ADV
faba-278	251	25	play	play	VERB
faba-278	251	26	a	a	DET
faba-278	251	27	substantial	substantial	ADJ
faba-278	251	28	role	role	NOUN
faba-278	251	29	in	in	ADP
faba-278	251	30	determining	determine	VERB
faba-278	251	31	firm	firm	ADJ
faba-278	251	32	performance	performance	NOUN
faba-278	251	33	.	.	PUNCT
faba-278	252	1	the	the	DET
faba-278	252	2	study	study	NOUN
faba-278	252	3	therefore	therefore	ADV
faba-278	252	4	recognizes	recognize	VERB
faba-278	252	5	preference	preference	NOUN
faba-278	252	6	share	share	NOUN
faba-278	252	7	capital	capital	NOUN
faba-278	252	8	as	as	ADP
faba-278	252	9	an	an	DET
faba-278	252	10	important	important	ADJ
faba-278	252	11	,	,	PUNCT
faba-278	252	12	but	but	CCONJ
faba-278	252	13	not	not	PART
faba-278	252	14	exclusive	exclusive	ADJ
faba-278	252	15	,	,	PUNCT
faba-278	252	16	contributor	contributor	NOUN
faba-278	252	17	to	to	ADP
faba-278	252	18	financial	financial	ADJ
faba-278	252	19	outcomes	outcome	NOUN
faba-278	252	20	in	in	ADP
faba-278	252	21	the	the	DET
faba-278	252	22	manufacturing	manufacturing	NOUN
faba-278	252	23	and	and	CCONJ
faba-278	252	24	allied	allied	ADJ
faba-278	252	25	sectors	sector	NOUN
faba-278	252	26	.	.	PUNCT
faba-278	253	1	the	the	DET
faba-278	253	2	findings	finding	NOUN
faba-278	253	3	do	do	AUX
faba-278	253	4	not	not	PART
faba-278	253	5	provide	provide	VERB
faba-278	253	6	evidence	evidence	NOUN
faba-278	253	7	to	to	PART
faba-278	253	8	generalize	generalize	VERB
faba-278	253	9	about	about	ADP
faba-278	253	10	other	other	ADJ
faba-278	253	11	financial	financial	ADJ
faba-278	253	12	aspects	aspect	NOUN
faba-278	253	13	such	such	ADJ
faba-278	253	14	as	as	ADP
faba-278	253	15	liquidity	liquidity	NOUN
faba-278	253	16	management	management	NOUN
faba-278	253	17	,	,	PUNCT
faba-278	253	18	cost	cost	NOUN
faba-278	253	19	of	of	ADP
faba-278	253	20	equity	equity	NOUN
faba-278	253	21	,	,	PUNCT
faba-278	253	22	or	or	CCONJ
faba-278	253	23	long	long	ADJ
faba-278	253	24	-	-	PUNCT
faba-278	253	25	term	term	NOUN
faba-278	253	26	profitability	profitability	NOUN
faba-278	253	27	beyond	beyond	ADP
faba-278	253	28	the	the	DET
faba-278	253	29	measured	measure	VERB
faba-278	253	30	relationship	relationship	NOUN
faba-278	253	31	.	.	PUNCT
faba-278	254	1	future	future	ADJ
faba-278	254	2	research	research	NOUN
faba-278	254	3	could	could	AUX
faba-278	254	4	expand	expand	VERB
faba-278	254	5	the	the	DET
faba-278	254	6	scope	scope	NOUN
faba-278	254	7	by	by	ADP
faba-278	254	8	incorporating	incorporate	VERB
faba-278	254	9	other	other	ADJ
faba-278	254	10	capital	capital	NOUN
faba-278	254	11	structure	structure	NOUN
faba-278	254	12	variables	variable	NOUN
faba-278	254	13	and	and	CCONJ
faba-278	254	14	industry	industry	NOUN
faba-278	254	15	contexts	context	NOUN
faba-278	254	16	to	to	PART
faba-278	254	17	provide	provide	VERB
faba-278	254	18	a	a	DET
faba-278	254	19	more	more	ADV
faba-278	254	20	comprehensive	comprehensive	ADJ
faba-278	254	21	understanding	understanding	NOUN
faba-278	254	22	of	of	ADP
faba-278	254	23	how	how	SCONJ
faba-278	254	24	preference	preference	NOUN
faba-278	254	25	share	share	NOUN
faba-278	254	26	capital	capital	NOUN
faba-278	254	27	interacts	interact	VERB
faba-278	254	28	with	with	ADP
faba-278	254	29	overall	overall	ADJ
faba-278	254	30	financial	financial	ADJ
faba-278	254	31	strategy	strategy	NOUN
faba-278	254	32	.	.	PUNCT
faba-278	255	1	the	the	DET
faba-278	255	2	study	study	NOUN
faba-278	255	3	recommends	recommend	VERB
faba-278	255	4	that	that	SCONJ
faba-278	255	5	listed	list	VERB
faba-278	255	6	manufacturing	manufacturing	NOUN
faba-278	255	7	and	and	CCONJ
faba-278	255	8	allied	allied	ADJ
faba-278	255	9	firms	firm	NOUN
faba-278	255	10	should	should	AUX
faba-278	255	11	prioritize	prioritize	VERB
faba-278	255	12	the	the	DET
faba-278	255	13	inclusion	inclusion	NOUN
faba-278	255	14	of	of	ADP
faba-278	255	15	preference	preference	NOUN
faba-278	255	16	share	share	NOUN
faba-278	255	17	capital	capital	NOUN
faba-278	255	18	in	in	ADP
faba-278	255	19	their	their	PRON
faba-278	255	20	capital	capital	NOUN
faba-278	255	21	structure	structure	NOUN
faba-278	255	22	strategies	strategy	NOUN
faba-278	255	23	.	.	PUNCT
faba-278	256	1	preference	preference	NOUN
faba-278	256	2	shares	share	NOUN
faba-278	256	3	offer	offer	VERB
faba-278	256	4	firms	firm	NOUN
faba-278	256	5	the	the	DET
faba-278	256	6	advantage	advantage	NOUN
faba-278	256	7	of	of	ADP
faba-278	256	8	securing	secure	VERB
faba-278	256	9	capital	capital	NOUN
faba-278	256	10	without	without	ADP
faba-278	256	11	the	the	DET
faba-278	256	12	pressure	pressure	NOUN
faba-278	256	13	of	of	ADP
faba-278	256	14	immediate	immediate	ADJ
faba-278	256	15	repayment	repayment	NOUN
faba-278	256	16	,	,	PUNCT
faba-278	256	17	providing	provide	VERB
faba-278	256	18	financial	financial	ADJ
faba-278	256	19	stability	stability	NOUN
faba-278	256	20	.	.	PUNCT
faba-278	257	1	firms	firm	NOUN
faba-278	257	2	should	should	AUX
faba-278	257	3	develop	develop	VERB
faba-278	257	4	policies	policy	NOUN
faba-278	257	5	to	to	PART
faba-278	257	6	ensure	ensure	VERB
faba-278	257	7	the	the	DET
faba-278	257	8	effective	effective	ADJ
faba-278	257	9	management	management	NOUN
faba-278	257	10	of	of	ADP
faba-278	257	11	preference	preference	NOUN
faba-278	257	12	shares	share	NOUN
faba-278	257	13	to	to	PART
faba-278	257	14	maximize	maximize	VERB
faba-278	257	15	liquidity	liquidity	NOUN
faba-278	257	16	.	.	PUNCT
faba-278	258	1	it	it	PRON
faba-278	258	2	is	be	AUX
faba-278	258	3	also	also	ADV
faba-278	258	4	advisable	advisable	ADJ
faba-278	258	5	for	for	SCONJ
faba-278	258	6	firms	firm	NOUN
faba-278	258	7	to	to	PART
faba-278	258	8	leverage	leverage	VERB
faba-278	258	9	the	the	DET
faba-278	258	10	benefits	benefit	NOUN
faba-278	258	11	of	of	ADP
faba-278	258	12	preference	preference	NOUN
faba-278	258	13	shares	share	NOUN
faba-278	258	14	in	in	ADP
faba-278	258	15	reducing	reduce	VERB
faba-278	258	16	their	their	PRON
faba-278	258	17	overall	overall	ADJ
faba-278	258	18	cost	cost	NOUN
faba-278	258	19	of	of	ADP
faba-278	258	20	equity	equity	NOUN
faba-278	258	21	.	.	PUNCT
faba-278	259	1	in	in	ADP
faba-278	259	2	doing	do	VERB
faba-278	259	3	so	so	ADV
faba-278	259	4	,	,	PUNCT
faba-278	259	5	companies	company	NOUN
faba-278	259	6	can	can	AUX
faba-278	259	7	enhance	enhance	VERB
faba-278	259	8	profitability	profitability	NOUN
faba-278	259	9	while	while	SCONJ
faba-278	259	10	maintaining	maintain	VERB
faba-278	259	11	financial	financial	ADJ
faba-278	259	12	flexibility	flexibility	NOUN
faba-278	259	13	.	.	PUNCT
faba-278	260	1	proper	proper	ADJ
faba-278	260	2	assessment	assessment	NOUN
faba-278	260	3	of	of	ADP
faba-278	260	4	market	market	NOUN
faba-278	260	5	conditions	condition	NOUN
faba-278	260	6	and	and	CCONJ
faba-278	260	7	investor	investor	NOUN
faba-278	260	8	expectations	expectation	NOUN
faba-278	260	9	should	should	AUX
faba-278	260	10	guide	guide	VERB
faba-278	260	11	the	the	DET
faba-278	260	12	issuance	issuance	NOUN
faba-278	260	13	of	of	ADP
faba-278	260	14	preference	preference	NOUN
faba-278	260	15	shares	share	NOUN
faba-278	260	16	.	.	PUNCT
faba-278	261	1	the	the	DET
faba-278	261	2	study	study	NOUN
faba-278	261	3	recommends	recommend	VERB
faba-278	261	4	that	that	SCONJ
faba-278	261	5	policymakers	policymaker	NOUN
faba-278	261	6	encourage	encourage	VERB
faba-278	261	7	listed	list	VERB
faba-278	261	8	manufacturing	manufacturing	NOUN
faba-278	261	9	and	and	CCONJ
faba-278	261	10	allied	allied	ADJ
faba-278	261	11	firms	firm	NOUN
faba-278	261	12	to	to	PART
faba-278	261	13	adopt	adopt	VERB
faba-278	261	14	preference	preference	NOUN
faba-278	261	15	share	share	NOUN
faba-278	261	16	capital	capital	NOUN
faba-278	261	17	as	as	ADP
faba-278	261	18	a	a	DET
faba-278	261	19	viable	viable	ADJ
faba-278	261	20	source	source	NOUN
faba-278	261	21	of	of	ADP
faba-278	261	22	funding	funding	NOUN
faba-278	261	23	.	.	PUNCT
faba-278	262	1	by	by	ADP
faba-278	262	2	providing	provide	VERB
faba-278	262	3	regulatory	regulatory	ADJ
faba-278	262	4	incentives	incentive	NOUN
faba-278	262	5	for	for	ADP
faba-278	262	6	the	the	DET
faba-278	262	7	use	use	NOUN
faba-278	262	8	of	of	ADP
faba-278	262	9	preference	preference	NOUN
faba-278	262	10	shares	share	NOUN
faba-278	262	11	,	,	PUNCT
faba-278	262	12	the	the	DET
faba-278	262	13	government	government	NOUN
faba-278	262	14	can	can	AUX
faba-278	262	15	help	help	VERB
faba-278	262	16	firms	firm	NOUN
faba-278	262	17	reduce	reduce	VERB
faba-278	262	18	their	their	PRON
faba-278	262	19	reliance	reliance	NOUN
faba-278	262	20	on	on	ADP
faba-278	262	21	high	high	ADJ
faba-278	262	22	-	-	PUNCT
faba-278	262	23	cost	cost	NOUN
faba-278	262	24	debt	debt	NOUN
faba-278	262	25	.	.	PUNCT
faba-278	263	1	preference	preference	NOUN
faba-278	263	2	shares	share	NOUN
faba-278	263	3	offer	offer	VERB
faba-278	263	4	a	a	DET
faba-278	263	5	fixed	fix	VERB
faba-278	263	6	return	return	NOUN
faba-278	263	7	to	to	ADP
faba-278	263	8	investors	investor	NOUN
faba-278	263	9	,	,	PUNCT
faba-278	263	10	which	which	PRON
faba-278	263	11	provides	provide	VERB
faba-278	263	12	firms	firm	NOUN
faba-278	263	13	with	with	ADP
faba-278	263	14	stability	stability	NOUN
faba-278	263	15	in	in	ADP
faba-278	263	16	their	their	PRON
faba-278	263	17	capital	capital	NOUN
faba-278	263	18	structure	structure	NOUN
faba-278	263	19	.	.	PUNCT
faba-278	264	1	policymakers	policymaker	NOUN
faba-278	264	2	could	could	AUX
faba-278	264	3	also	also	ADV
faba-278	264	4	consider	consider	VERB
faba-278	264	5	tax	tax	NOUN
faba-278	264	6	benefits	benefit	NOUN
faba-278	264	7	for	for	ADP
faba-278	264	8	firms	firm	NOUN
faba-278	264	9	that	that	PRON
faba-278	264	10	issue	issue	VERB
faba-278	264	11	preference	preference	NOUN
faba-278	264	12	shares	share	NOUN
faba-278	264	13	,	,	PUNCT
faba-278	264	14	further	far	ADV
faba-278	264	15	encouraging	encourage	VERB
faba-278	264	16	their	their	PRON
faba-278	264	17	adoption	adoption	NOUN
faba-278	264	18	.	.	PUNCT
faba-278	265	1	such	such	ADJ
faba-278	265	2	measures	measure	NOUN
faba-278	265	3	would	would	AUX
faba-278	265	4	help	help	VERB
faba-278	265	5	firms	firm	NOUN
faba-278	265	6	improve	improve	VERB
faba-278	265	7	their	their	PRON
faba-278	265	8	liquidity	liquidity	NOUN
faba-278	265	9	and	and	CCONJ
faba-278	265	10	long	long	ADJ
faba-278	265	11	-	-	PUNCT
faba-278	265	12	term	term	NOUN
faba-278	265	13	financial	financial	ADJ
faba-278	265	14	sustainability	sustainability	NOUN
faba-278	265	15	.	.	PUNCT
faba-278	266	1	additionally	additionally	ADV
faba-278	266	2	,	,	PUNCT
faba-278	266	3	policies	policy	NOUN
faba-278	266	4	should	should	AUX
faba-278	266	5	ensure	ensure	VERB
faba-278	266	6	transparent	transparent	ADJ
faba-278	266	7	disclosure	disclosure	NOUN
faba-278	266	8	of	of	ADP
faba-278	266	9	preference	preference	NOUN
faba-278	266	10	share	share	NOUN
faba-278	266	11	terms	term	NOUN
faba-278	266	12	to	to	PART
faba-278	266	13	protect	protect	VERB
faba-278	266	14	investors	investor	NOUN
faba-278	266	15	and	and	CCONJ
faba-278	266	16	maintain	maintain	VERB
faba-278	266	17	market	market	NOUN
faba-278	266	18	confidence	confidence	NOUN
faba-278	266	19	.	.	PUNCT
faba-278	267	1	references	reference	NOUN
faba-278	267	2	adeyemi	adeyemi	ADV
faba-278	267	3	,	,	PUNCT
faba-278	267	4	a.	a.	NOUN
faba-278	267	5	,	,	PUNCT
faba-278	267	6	and	and	CCONJ
faba-278	267	7	c.	c.	PROPN
faba-278	267	8	oboh	oboh	PROPN
faba-278	267	9	.	.	PUNCT
faba-278	268	1	2020	2020	NUM
faba-278	268	2	.	.	PUNCT
faba-278	269	1	capital	capital	NOUN
faba-278	269	2	structure	structure	NOUN
faba-278	269	3	and	and	CCONJ
faba-278	269	4	firm	firm	ADJ
faba-278	269	5	performance	performance	NOUN
faba-278	269	6	in	in	ADP
faba-278	269	7	emerging	emerge	VERB
faba-278	269	8	markets	market	NOUN
faba-278	269	9	:	:	PUNCT
faba-278	269	10	evidence	evidence	NOUN
faba-278	269	11	from	from	ADP
faba-278	269	12	nigeria	nigeria	PROPN
faba-278	269	13	.	.	PUNCT
faba-278	270	1	international	international	ADJ
faba-278	270	2	journal	journal	PROPN
faba-278	270	3	of	of	ADP
faba-278	270	4	economics	economic	NOUN
faba-278	270	5	and	and	CCONJ
faba-278	270	6	financial	financial	ADJ
faba-278	270	7	issues	issue	NOUN
faba-278	270	8	,	,	PUNCT
faba-278	270	9	10(3	10(3	NUM
faba-278	270	10	):	):	PUNCT
faba-278	270	11	45–54	45–54	NUM
faba-278	270	12	.	.	PROPN
faba-278	270	13	https://doi.org/10.32479/ijefi.9532	https://doi.org/10.32479/ijefi.9532	PROPN
faba-278	270	14	antoniou	antoniou	PROPN
faba-278	270	15	,	,	PUNCT
faba-278	270	16	a.	a.	NOUN
faba-278	270	17	,	,	PUNCT
faba-278	270	18	and	and	CCONJ
faba-278	270	19	c.	c.	PROPN
faba-278	270	20	stewart	stewart	PROPN
faba-278	270	21	.	.	PUNCT
faba-278	271	1	2018	2018	NUM
faba-278	271	2	.	.	PUNCT
faba-278	272	1	determinants	determinant	NOUN
faba-278	272	2	of	of	ADP
faba-278	272	3	capital	capital	NOUN
faba-278	272	4	structure	structure	NOUN
faba-278	272	5	:	:	PUNCT
faba-278	272	6	evidence	evidence	NOUN
faba-278	272	7	from	from	ADP
faba-278	272	8	uk	uk	PROPN
faba-278	272	9	,	,	PUNCT
faba-278	272	10	german	german	ADJ
faba-278	272	11	,	,	PUNCT
faba-278	272	12	and	and	CCONJ
faba-278	272	13	french	french	ADJ
faba-278	272	14	firms	firm	NOUN
faba-278	272	15	.	.	PUNCT
faba-278	273	1	journal	journal	NOUN
faba-278	273	2	of	of	ADP
faba-278	273	3	corporate	corporate	ADJ
faba-278	273	4	finance	finance	NOUN
faba-278	273	5	,	,	PUNCT
faba-278	273	6	50	50	NUM
faba-278	273	7	:	:	PUNCT
faba-278	273	8	1–19	1–19	NOUN
faba-278	273	9	.	.	PUNCT
faba-278	274	1	https://doi.org/10.1016/j.jcorpfin.2018.01.005	https://doi.org/10.1016/j.jcorpfin.2018.01.005	PROPN
faba-278	274	2	brigham	brigham	PROPN
faba-278	274	3	,	,	PUNCT
faba-278	274	4	e.	e.	PROPN
faba-278	274	5	f.	f.	PROPN
faba-278	274	6	,	,	PUNCT
faba-278	274	7	and	and	CCONJ
faba-278	274	8	m.	m.	PROPN
faba-278	274	9	c.	c.	PROPN
faba-278	274	10	ehrhardt	ehrhardt	PROPN
faba-278	274	11	.	.	PUNCT
faba-278	275	1	2013	2013	NUM
faba-278	275	2	.	.	PUNCT
faba-278	276	1	financial	financial	ADJ
faba-278	276	2	management	management	NOUN
faba-278	276	3	:	:	PUNCT
faba-278	276	4	theory	theory	NOUN
faba-278	276	5	and	and	CCONJ
faba-278	276	6	practice	practice	NOUN
faba-278	276	7	(	(	PUNCT
faba-278	276	8	14th	14th	NUM
faba-278	276	9	ed	ed	NOUN
faba-278	276	10	.	.	PUNCT
faba-278	276	11	)	)	PUNCT
faba-278	276	12	.	.	PUNCT
faba-278	277	1	cengage	cengage	PROPN
faba-278	277	2	learning	learning	PROPN
faba-278	277	3	.	.	PUNCT
faba-278	278	1	https://doi.org/10.32479/ijefi.9532	https://doi.org/10.32479/ijefi.9532	PROPN
faba-278	278	2	https://doi.org/10.1016/j.jcorpfin.2018.01.005	https://doi.org/10.1016/j.jcorpfin.2018.01.005	PROPN
faba-278	278	3	a.	a.	NOUN
faba-278	278	4	j.	j.	PROPN
faba-278	278	5	lumbasio	lumbasio	PROPN
faba-278	278	6	,	,	PUNCT
faba-278	278	7	m.	m.	NOUN
faba-278	278	8	onsiro	onsiro	NOUN
faba-278	278	9	and	and	CCONJ
faba-278	278	10	i.	i.	PROPN
faba-278	278	11	abuga	abuga	PROPN
faba-278	278	12	/	/	SYM
faba-278	278	13	finance	finance	NOUN
faba-278	278	14	,	,	PUNCT
faba-278	278	15	accounting	accounting	NOUN
faba-278	278	16	and	and	CCONJ
faba-278	278	17	business	business	NOUN
faba-278	278	18	analysis	analysis	NOUN
faba-278	278	19	,	,	PUNCT
faba-278	278	20	volume	volume	NOUN
faba-278	278	21	7	7	NUM
faba-278	278	22	,	,	PUNCT
faba-278	278	23	issue	issue	NOUN
faba-278	278	24	2	2	NUM
faba-278	278	25	,	,	PUNCT
faba-278	278	26	2025	2025	NUM
faba-278	278	27	292	292	NUM
faba-278	278	28	cbk	cbk	PROPN
faba-278	278	29	.	.	PUNCT
faba-278	279	1	2023	2023	NUM
faba-278	279	2	.	.	PUNCT
faba-278	280	1	central	central	ADJ
faba-278	280	2	bank	bank	PROPN
faba-278	280	3	of	of	ADP
faba-278	280	4	kenya	kenya	PROPN
faba-278	280	5	economic	economic	PROPN
faba-278	280	6	outlook	outlook	NOUN
faba-278	280	7	2023	2023	NUM
faba-278	280	8	.	.	PUNCT
faba-278	281	1	https://www.centralbank.go.ke	https://www.centralbank.go.ke	PROPN
faba-278	281	2	changaya	changaya	PROPN
faba-278	281	3	,	,	PUNCT
faba-278	281	4	l.	l.	PROPN
faba-278	281	5	,	,	PUNCT
faba-278	281	6	and	and	CCONJ
faba-278	281	7	o.	o.	PROPN
faba-278	281	8	fatoki	fatoki	PROPN
faba-278	281	9	.	.	PUNCT
faba-278	282	1	2020	2020	NUM
faba-278	282	2	.	.	PUNCT
faba-278	283	1	the	the	DET
faba-278	283	2	role	role	NOUN
faba-278	283	3	of	of	ADP
faba-278	283	4	securities	security	NOUN
faba-278	283	5	exchanges	exchange	NOUN
faba-278	283	6	in	in	ADP
faba-278	283	7	promoting	promote	VERB
faba-278	283	8	corporate	corporate	ADJ
faba-278	283	9	financing	financing	NOUN
faba-278	283	10	in	in	ADP
faba-278	283	11	subsaharan	subsaharan	PROPN
faba-278	283	12	africa	africa	PROPN
faba-278	283	13	.	.	PUNCT
faba-278	284	1	african	african	PROPN
faba-278	284	2	journal	journal	PROPN
faba-278	284	3	of	of	ADP
faba-278	284	4	finance	finance	NOUN
faba-278	284	5	,	,	PUNCT
faba-278	284	6	7(2	7(2	NUM
faba-278	284	7	):	):	PUNCT
faba-278	284	8	99–110	99–110	PROPN
faba-278	284	9	.	.	PUNCT
faba-278	284	10	chong	chong	PROPN
faba-278	284	11	,	,	PUNCT
faba-278	284	12	k.	k.	PROPN
faba-278	284	13	,	,	PUNCT
faba-278	284	14	and	and	CCONJ
faba-278	284	15	y.	y.	PROPN
faba-278	284	16	wang	wang	PROPN
faba-278	284	17	.	.	PUNCT
faba-278	284	18	2021	2021	NUM
faba-278	284	19	.	.	PUNCT
faba-278	285	1	preference	preference	NOUN
faba-278	285	2	share	share	NOUN
faba-278	285	3	capital	capital	NOUN
faba-278	285	4	and	and	CCONJ
faba-278	285	5	firm	firm	ADJ
faba-278	285	6	performance	performance	NOUN
faba-278	285	7	:	:	PUNCT
faba-278	285	8	evidence	evidence	NOUN
faba-278	285	9	from	from	ADP
faba-278	285	10	southeast	southeast	ADJ
faba-278	285	11	asian	asian	ADJ
faba-278	285	12	manufacturing	manufacturing	NOUN
faba-278	285	13	firms	firm	NOUN
faba-278	285	14	.	.	PUNCT
faba-278	286	1	asian	asian	ADJ
faba-278	286	2	economic	economic	ADJ
faba-278	286	3	and	and	CCONJ
faba-278	286	4	financial	financial	ADJ
faba-278	286	5	review	review	NOUN
faba-278	286	6	,	,	PUNCT
faba-278	286	7	11(4	11(4	NUM
faba-278	286	8	):	):	PUNCT
faba-278	286	9	280–295	280–295	NUM
faba-278	286	10	.	.	PUNCT
faba-278	287	1	https://doi.org/10.18488/journal.aefr.2021.114.280.295	https://doi.org/10.18488/journal.aefr.2021.114.280.295	PROPN
faba-278	287	2	deloitte	deloitte	PROPN
faba-278	287	3	touche	touche	PROPN
faba-278	287	4	.	.	PUNCT
faba-278	288	1	2019	2019	NUM
faba-278	288	2	.	.	PUNCT
faba-278	289	1	kenya	kenya	PROPN
faba-278	289	2	economic	economic	ADJ
faba-278	289	3	outlook	outlook	NOUN
faba-278	289	4	:	:	PUNCT
faba-278	289	5	navigating	navigate	VERB
faba-278	289	6	through	through	ADP
faba-278	289	7	turbulent	turbulent	ADJ
faba-278	289	8	times	time	NOUN
faba-278	289	9	.	.	PUNCT
faba-278	290	1	deloitte	deloitte	PROPN
faba-278	290	2	east	east	PROPN
faba-278	290	3	africa	africa	PROPN
faba-278	290	4	.	.	PUNCT
faba-278	291	1	https://www2.deloitte.com/ke/en/pages/economy/articles/kenya-economic-outlook.html	https://www2.deloitte.com/ke/en/pages/economy/articles/kenya-economic-outlook.html	PROPN
faba-278	291	2	ebaid	ebaid	PROPN
faba-278	291	3	,	,	PUNCT
faba-278	291	4	a.	a.	PROPN
faba-278	291	5	s.	s.	PROPN
faba-278	291	6	2018	2018	NUM
faba-278	291	7	.	.	PUNCT
faba-278	292	1	effects	effect	NOUN
faba-278	292	2	of	of	ADP
faba-278	292	3	capital	capital	NOUN
faba-278	292	4	-	-	PUNCT
faba-278	292	5	structure	structure	NOUN
faba-278	292	6	choice	choice	NOUN
faba-278	292	7	on	on	ADP
faba-278	292	8	performance	performance	NOUN
faba-278	292	9	of	of	ADP
faba-278	292	10	firms	firm	NOUN
faba-278	292	11	:	:	PUNCT
faba-278	292	12	practical	practical	ADJ
faba-278	292	13	evidence	evidence	NOUN
faba-278	292	14	from	from	ADP
faba-278	292	15	egyptian	egyptian	ADJ
faba-278	292	16	firms	firm	NOUN
faba-278	292	17	.	.	PUNCT
faba-278	293	1	the	the	DET
faba-278	293	2	journal	journal	NOUN
faba-278	293	3	of	of	ADP
faba-278	293	4	risk	risk	NOUN
faba-278	293	5	finance	finance	NOUN
faba-278	293	6	,	,	PUNCT
faba-278	293	7	11(6	11(6	NUM
faba-278	293	8	):	):	PUNCT
faba-278	293	9	266367	266367	NUM
faba-278	293	10	.	.	PUNCT
faba-278	294	1	economic	economic	ADJ
faba-278	294	2	outlook	outlook	NOUN
faba-278	294	3	.	.	PUNCT
faba-278	295	1	2023	2023	NUM
faba-278	295	2	.	.	PUNCT
faba-278	296	1	kenya	kenya	PROPN
faba-278	296	2	economic	economic	PROPN
faba-278	296	3	outlook	outlook	NOUN
faba-278	296	4	2023	2023	NUM
faba-278	296	5	.	.	PUNCT
faba-278	297	1	kenya	kenya	PROPN
faba-278	297	2	national	national	PROPN
faba-278	297	3	bureau	bureau	PROPN
faba-278	297	4	of	of	ADP
faba-278	297	5	statistics	statistic	NOUN
faba-278	297	6	.	.	PUNCT
faba-278	298	1	https://www.knbs.or.ke	https://www.knbs.or.ke	PROPN
faba-278	298	2	fathi	fathi	PROPN
faba-278	298	3	,	,	PUNCT
faba-278	298	4	a.	a.	PROPN
faba-278	298	5	,	,	PUNCT
faba-278	298	6	m.	m.	NOUN
faba-278	298	7	alkhazaleh	alkhazaleh	PROPN
faba-278	298	8	,	,	PUNCT
faba-278	298	9	and	and	CCONJ
faba-278	298	10	a.	a.	PROPN
faba-278	298	11	hamdan	hamdan	PROPN
faba-278	298	12	.	.	PROPN
faba-278	298	13	2022	2022	NUM
faba-278	298	14	.	.	PUNCT
faba-278	299	1	preference	preference	NOUN
faba-278	299	2	share	share	NOUN
faba-278	299	3	financing	financing	NOUN
faba-278	299	4	and	and	CCONJ
faba-278	299	5	firm	firm	ADJ
faba-278	299	6	performance	performance	NOUN
faba-278	299	7	in	in	ADP
faba-278	299	8	emerging	emerge	VERB
faba-278	299	9	markets	market	NOUN
faba-278	299	10	.	.	PUNCT
faba-278	300	1	journal	journal	NOUN
faba-278	300	2	of	of	ADP
faba-278	300	3	economic	economic	ADJ
faba-278	300	4	and	and	CCONJ
faba-278	300	5	administrative	administrative	ADJ
faba-278	300	6	sciences	science	NOUN
faba-278	300	7	,	,	PUNCT
faba-278	300	8	38(4	38(4	NUM
faba-278	300	9	):	):	PUNCT
faba-278	300	10	897–912	897–912	NUM
faba-278	300	11	.	.	PUNCT
faba-278	301	1	https://doi.org/10.1108/jeas09-2021-0184	https://doi.org/10.1108/jeas09-2021-0184	PROPN
faba-278	301	2	freeman	freeman	PROPN
faba-278	301	3	,	,	PUNCT
faba-278	301	4	r.	r.	PROPN
faba-278	301	5	e.	e.	PROPN
faba-278	301	6	1984	1984	NUM
faba-278	301	7	.	.	PUNCT
faba-278	302	1	strategic	strategic	ADJ
faba-278	302	2	management	management	NOUN
faba-278	302	3	:	:	PUNCT
faba-278	302	4	a	a	DET
faba-278	302	5	stakeholder	stakeholder	NOUN
faba-278	302	6	approach	approach	NOUN
faba-278	302	7	.	.	PUNCT
faba-278	303	1	pitman	pitman	NOUN
faba-278	303	2	publishing	publishing	NOUN
faba-278	303	3	.	.	PUNCT
faba-278	304	1	french	french	PROPN
faba-278	304	2	,	,	PUNCT
faba-278	304	3	e.	e.	PROPN
faba-278	304	4	i.	i.	PROPN
faba-278	304	5	2019	2019	NUM
faba-278	304	6	.	.	PUNCT
faba-278	305	1	effects	effect	NOUN
faba-278	305	2	and	and	CCONJ
faba-278	305	3	impact	impact	NOUN
faba-278	305	4	of	of	ADP
faba-278	305	5	capital	capital	NOUN
faba-278	305	6	structure	structure	NOUN
faba-278	305	7	choice	choice	NOUN
faba-278	305	8	on	on	ADP
faba-278	305	9	firm	firm	ADJ
faba-278	305	10	performance	performance	NOUN
faba-278	305	11	:	:	PUNCT
faba-278	305	12	evidence	evidence	NOUN
faba-278	305	13	from	from	ADP
faba-278	305	14	egypt	egypt	PROPN
faba-278	305	15	.	.	PUNCT
faba-278	306	1	the	the	DET
faba-278	306	2	journal	journal	NOUN
faba-278	306	3	of	of	ADP
faba-278	306	4	risk	risk	NOUN
faba-278	306	5	finance	finance	NOUN
faba-278	306	6	,	,	PUNCT
faba-278	306	7	11(6	11(6	NUM
faba-278	306	8	):	):	PUNCT
faba-278	306	9	366	366	NUM
faba-278	306	10	-	-	SYM
faba-278	306	11	234	234	NUM
faba-278	306	12	.	.	PUNCT
faba-278	307	1	hussain	hussain	PROPN
faba-278	307	2	,	,	PUNCT
faba-278	307	3	r.	r.	PROPN
faba-278	307	4	,	,	PUNCT
faba-278	307	5	and	and	CCONJ
faba-278	307	6	s.	s.	PROPN
faba-278	307	7	alam	alam	PROPN
faba-278	307	8	.	.	PUNCT
faba-278	308	1	2023	2023	NUM
faba-278	308	2	.	.	PUNCT
faba-278	309	1	analyzing	analyze	VERB
faba-278	309	2	the	the	DET
faba-278	309	3	relationship	relationship	NOUN
faba-278	309	4	between	between	ADP
faba-278	309	5	preference	preference	NOUN
faba-278	309	6	shares	share	NOUN
faba-278	309	7	and	and	CCONJ
faba-278	309	8	financial	financial	ADJ
faba-278	309	9	stability	stability	NOUN
faba-278	309	10	in	in	ADP
faba-278	309	11	south	south	ADJ
faba-278	309	12	asian	asian	ADJ
faba-278	309	13	markets	market	NOUN
faba-278	309	14	.	.	PUNCT
faba-278	310	1	global	global	ADJ
faba-278	310	2	journal	journal	NOUN
faba-278	310	3	of	of	ADP
faba-278	310	4	emerging	emerge	VERB
faba-278	310	5	markets	market	NOUN
faba-278	310	6	,	,	PUNCT
faba-278	310	7	14(2	14(2	NUM
faba-278	310	8	):	):	PUNCT
faba-278	310	9	34	34	NUM
faba-278	310	10	-	-	SYM
faba-278	310	11	50	50	NUM
faba-278	310	12	.	.	PUNCT
faba-278	311	1	kariuki	kariuki	PROPN
faba-278	311	2	,	,	PUNCT
faba-278	311	3	j.	j.	PROPN
faba-278	311	4	2018	2018	NUM
faba-278	311	5	.	.	PUNCT
faba-278	312	1	performance	performance	NOUN
faba-278	312	2	of	of	ADP
faba-278	312	3	kenya	kenya	PROPN
faba-278	312	4	’s	’s	PART
faba-278	312	5	manufacturing	manufacturing	NOUN
faba-278	312	6	sector	sector	NOUN
faba-278	312	7	:	:	PUNCT
faba-278	312	8	trends	trend	NOUN
faba-278	312	9	and	and	CCONJ
faba-278	312	10	implications	implication	NOUN
faba-278	312	11	.	.	PUNCT
faba-278	313	1	journal	journal	NOUN
faba-278	313	2	of	of	ADP
faba-278	313	3	african	african	ADJ
faba-278	313	4	economic	economic	ADJ
faba-278	313	5	studies	study	NOUN
faba-278	313	6	,	,	PUNCT
faba-278	313	7	9(3	9(3	NUM
faba-278	313	8	):	):	PUNCT
faba-278	313	9	201–217	201–217	NUM
faba-278	313	10	.	.	PUNCT
faba-278	314	1	kenton	kenton	PROPN
faba-278	314	2	,	,	PUNCT
faba-278	314	3	w.	w.	PROPN
faba-278	314	4	2024	2024	NUM
faba-278	314	5	.	.	PUNCT
faba-278	315	1	economic	economic	ADJ
faba-278	315	2	growth	growth	NOUN
faba-278	315	3	and	and	CCONJ
faba-278	315	4	manufacturing	manufacturing	NOUN
faba-278	315	5	performance	performance	NOUN
faba-278	315	6	.	.	PUNCT
faba-278	316	1	investopedia	investopedia	PROPN
faba-278	316	2	.	.	PUNCT
faba-278	316	3	https://www.investopedia.com	https://www.investopedia.com	X
faba-278	317	1	kimani	kimani	PROPN
faba-278	317	2	,	,	PUNCT
faba-278	317	3	j.	j.	PROPN
faba-278	317	4	,	,	PUNCT
faba-278	317	5	p.	p.	NOUN
faba-278	317	6	njoroge	njoroge	NOUN
faba-278	317	7	,	,	PUNCT
faba-278	317	8	and	and	CCONJ
faba-278	317	9	m.	m.	PROPN
faba-278	317	10	waweru	waweru	PROPN
faba-278	317	11	.	.	PROPN
faba-278	318	1	2023	2023	NUM
faba-278	318	2	.	.	PUNCT
faba-278	319	1	preference	preference	NOUN
faba-278	319	2	share	share	NOUN
faba-278	319	3	capital	capital	NOUN
faba-278	319	4	and	and	CCONJ
faba-278	319	5	financial	financial	ADJ
faba-278	319	6	strategy	strategy	NOUN
faba-278	319	7	among	among	ADP
faba-278	319	8	manufacturing	manufacturing	NOUN
faba-278	319	9	firms	firm	NOUN
faba-278	319	10	in	in	ADP
faba-278	319	11	emerging	emerge	VERB
faba-278	319	12	economies	economy	NOUN
faba-278	319	13	.	.	PUNCT
faba-278	320	1	international	international	ADJ
faba-278	320	2	journal	journal	NOUN
faba-278	320	3	of	of	ADP
faba-278	320	4	finance	finance	NOUN
faba-278	320	5	and	and	CCONJ
faba-278	320	6	accounting	accounting	NOUN
faba-278	320	7	,	,	PUNCT
faba-278	320	8	8(1	8(1	NOUN
faba-278	320	9	):	):	PUNCT
faba-278	320	10	44–56	44–56	NUM
faba-278	320	11	.	.	PUNCT
faba-278	321	1	https://doi.org/10.5923/j.ijfa.20230801.05	https://doi.org/10.5923/j.ijfa.20230801.05	PROPN
faba-278	321	2	kiogora	kiogora	PROPN
faba-278	321	3	,	,	PUNCT
faba-278	321	4	j.	j.	PROPN
faba-278	321	5	m.	m.	PROPN
faba-278	321	6	2019	2019	NUM
faba-278	321	7	.	.	PUNCT
faba-278	322	1	effect	effect	NOUN
faba-278	322	2	of	of	ADP
faba-278	322	3	financial	financial	ADJ
faba-278	322	4	leverage	leverage	NOUN
faba-278	322	5	on	on	ADP
faba-278	322	6	financial	financial	ADJ
faba-278	322	7	performance	performance	NOUN
faba-278	322	8	of	of	ADP
faba-278	322	9	firms	firm	NOUN
faba-278	322	10	listed	list	VERB
faba-278	322	11	at	at	ADP
faba-278	322	12	the	the	DET
faba-278	322	13	nairobi	nairobi	PROPN
faba-278	322	14	securities	securities	PROPN
faba-278	322	15	exchange	exchange	PROPN
faba-278	322	16	,	,	PUNCT
faba-278	322	17	kenya	kenya	PROPN
faba-278	322	18	.	.	PUNCT
faba-278	323	1	international	international	ADJ
faba-278	323	2	journal	journal	PROPN
faba-278	323	3	of	of	ADP
faba-278	323	4	finance	finance	NOUN
faba-278	323	5	and	and	CCONJ
faba-278	323	6	accounting	accounting	NOUN
faba-278	323	7	,	,	PUNCT
faba-278	323	8	4(2	4(2	NUM
faba-278	323	9	):	):	PUNCT
faba-278	324	1	87–101	87–101	PROPN
faba-278	324	2	.	.	PUNCT
faba-278	324	3	kojo	kojo	PROPN
faba-278	324	4	,	,	PUNCT
faba-278	324	5	d.	d.	PROPN
faba-278	324	6	,	,	PUNCT
faba-278	324	7	and	and	CCONJ
faba-278	324	8	g.	g.	PROPN
faba-278	324	9	amoako	amoako	PROPN
faba-278	324	10	.	.	PUNCT
faba-278	324	11	2020	2020	NUM
faba-278	324	12	.	.	PUNCT
faba-278	325	1	capital	capital	NOUN
faba-278	325	2	structure	structure	NOUN
faba-278	325	3	decisions	decision	NOUN
faba-278	325	4	and	and	CCONJ
faba-278	325	5	financial	financial	ADJ
faba-278	325	6	performance	performance	NOUN
faba-278	325	7	of	of	ADP
faba-278	325	8	listed	list	VERB
faba-278	325	9	firms	firm	NOUN
faba-278	325	10	in	in	ADP
faba-278	325	11	ghana	ghana	PROPN
faba-278	325	12	.	.	PUNCT
faba-278	326	1	journal	journal	PROPN
faba-278	326	2	of	of	ADP
faba-278	326	3	accounting	accounting	NOUN
faba-278	326	4	and	and	CCONJ
faba-278	326	5	finance	finance	NOUN
faba-278	326	6	in	in	ADP
faba-278	326	7	emerging	emerge	VERB
faba-278	326	8	economies	economy	NOUN
faba-278	326	9	,	,	PUNCT
faba-278	326	10	6(1	6(1	NUM
faba-278	326	11	):	):	PUNCT
faba-278	326	12	35–49	35–49	NUM
faba-278	326	13	.	.	PUNCT
faba-278	327	1	https://doi.org/10.26710/jafee.v6i1.1060	https://doi.org/10.26710/jafee.v6i1.1060	NOUN
faba-278	327	2	lagat	lagat	NOUN
faba-278	327	3	,	,	PUNCT
faba-278	327	4	f.	f.	PROPN
faba-278	327	5	2020	2020	NUM
faba-278	327	6	.	.	PUNCT
faba-278	328	1	financial	financial	ADJ
faba-278	328	2	crises	crisis	NOUN
faba-278	328	3	and	and	CCONJ
faba-278	328	4	industrial	industrial	ADJ
faba-278	328	5	performance	performance	NOUN
faba-278	328	6	:	:	PUNCT
faba-278	328	7	the	the	DET
faba-278	328	8	kenyan	kenyan	ADJ
faba-278	328	9	manufacturing	manufacturing	NOUN
faba-278	328	10	sector	sector	NOUN
faba-278	328	11	.	.	PUNCT
faba-278	329	1	journal	journal	NOUN
faba-278	329	2	of	of	ADP
faba-278	329	3	economic	economic	ADJ
faba-278	329	4	development	development	NOUN
faba-278	329	5	in	in	ADP
faba-278	329	6	africa	africa	PROPN
faba-278	329	7	,	,	PUNCT
faba-278	329	8	12(2	12(2	NUM
faba-278	329	9	):	):	PUNCT
faba-278	329	10	145–158	145–158	NUM
faba-278	329	11	.	.	PUNCT
faba-278	330	1	maina	maina	PROPN
faba-278	330	2	,	,	PUNCT
faba-278	330	3	e.	e.	PROPN
faba-278	330	4	,	,	PUNCT
faba-278	330	5	and	and	CCONJ
faba-278	330	6	m.	m.	NOUN
faba-278	330	7	omwenga	omwenga	NOUN
faba-278	330	8	.	.	PUNCT
faba-278	331	1	2019	2019	NUM
faba-278	331	2	.	.	PUNCT
faba-278	332	1	manufacturing	manufacturing	NOUN
faba-278	332	2	and	and	CCONJ
faba-278	332	3	allied	ally	VERB
faba-278	332	4	sectors	sector	NOUN
faba-278	332	5	in	in	ADP
faba-278	332	6	kenya	kenya	PROPN
faba-278	332	7	:	:	PUNCT
faba-278	332	8	an	an	DET
faba-278	332	9	empirical	empirical	ADJ
faba-278	332	10	review	review	NOUN
faba-278	332	11	.	.	PUNCT
faba-278	333	1	african	african	ADJ
faba-278	333	2	journal	journal	PROPN
faba-278	333	3	of	of	ADP
faba-278	333	4	business	business	NOUN
faba-278	333	5	and	and	CCONJ
faba-278	333	6	management	management	NOUN
faba-278	333	7	,	,	PUNCT
faba-278	333	8	13(4	13(4	NUM
faba-278	333	9	):	):	PUNCT
faba-278	333	10	125–138	125–138	PROPN
faba-278	333	11	.	.	PUNCT
faba-278	334	1	modigliani	modigliani	PROPN
faba-278	334	2	,	,	PUNCT
faba-278	334	3	f.	f.	PROPN
faba-278	334	4	,	,	PUNCT
faba-278	334	5	and	and	CCONJ
faba-278	334	6	m.	m.	PROPN
faba-278	334	7	h.	h.	PROPN
faba-278	334	8	miller	miller	PROPN
faba-278	334	9	.	.	PUNCT
faba-278	335	1	1958	1958	NUM
faba-278	335	2	.	.	PUNCT
faba-278	336	1	the	the	DET
faba-278	336	2	cost	cost	NOUN
faba-278	336	3	of	of	ADP
faba-278	336	4	capital	capital	NOUN
faba-278	336	5	,	,	PUNCT
faba-278	336	6	corporation	corporation	NOUN
faba-278	336	7	finance	finance	NOUN
faba-278	336	8	and	and	CCONJ
faba-278	336	9	the	the	DET
faba-278	336	10	theory	theory	NOUN
faba-278	336	11	of	of	ADP
faba-278	336	12	investment	investment	NOUN
faba-278	336	13	.	.	PUNCT
faba-278	337	1	american	american	PROPN
faba-278	337	2	economic	economic	PROPN
faba-278	337	3	review	review	PROPN
faba-278	337	4	,	,	PUNCT
faba-278	337	5	48(3	48(3	PROPN
faba-278	337	6	):	):	PUNCT
faba-278	337	7	261–297	261–297	NUM
faba-278	337	8	.	.	PUNCT
faba-278	338	1	https://www.jstor.org/stable/1809766	https://www.jstor.org/stable/1809766	PROPN
faba-278	338	2	muhammad	muhammad	PROPN
faba-278	338	3	,	,	PUNCT
faba-278	338	4	a.	a.	NOUN
faba-278	338	5	2019	2019	NUM
faba-278	338	6	.	.	PUNCT
faba-278	339	1	capital	capital	NOUN
faba-278	339	2	structure	structure	NOUN
faba-278	339	3	and	and	CCONJ
faba-278	339	4	financial	financial	ADJ
faba-278	339	5	performance	performance	NOUN
faba-278	339	6	of	of	ADP
faba-278	339	7	retail	retail	ADJ
faba-278	339	8	firms	firm	NOUN
faba-278	339	9	listed	list	VERB
faba-278	339	10	in	in	ADP
faba-278	339	11	nigeria	nigeria	PROPN
faba-278	339	12	.	.	PUNCT
faba-278	340	1	international	international	ADJ
faba-278	340	2	journal	journal	PROPN
faba-278	340	3	of	of	ADP
faba-278	340	4	finance	finance	NOUN
faba-278	340	5	and	and	CCONJ
faba-278	340	6	accounting	accounting	NOUN
faba-278	340	7	,	,	PUNCT
faba-278	340	8	8(2	8(2	NUM
faba-278	340	9	):	):	PUNCT
faba-278	340	10	77–89	77–89	NUM
faba-278	340	11	.	.	PUNCT
faba-278	341	1	mule	mule	PROPN
faba-278	341	2	a.	a.	PROPN
faba-278	341	3	o	o	PROPN
faba-278	341	4	,	,	PUNCT
faba-278	341	5	and	and	CCONJ
faba-278	341	6	w.	w.	PROPN
faba-278	341	7	a.mukras	a.mukra	NOUN
faba-278	341	8	.	.	PUNCT
faba-278	342	1	2018	2018	NUM
faba-278	342	2	.	.	PUNCT
faba-278	343	1	capital	capital	NOUN
faba-278	343	2	structure	structure	NOUN
faba-278	343	3	and	and	CCONJ
faba-278	343	4	financial	financial	ADJ
faba-278	343	5	performance	performance	NOUN
faba-278	343	6	of	of	ADP
faba-278	343	7	commercial	commercial	ADJ
faba-278	343	8	and	and	CCONJ
faba-278	343	9	services	service	NOUN
faba-278	343	10	firms	firm	NOUN
faba-278	343	11	listed	list	VERB
faba-278	343	12	at	at	ADP
faba-278	343	13	nairobi	nairobi	PROPN
faba-278	343	14	securities	securities	PROPN
faba-278	343	15	exchange	exchange	PROPN
faba-278	343	16	,	,	PUNCT
faba-278	343	17	kenya	kenya	PROPN
faba-278	343	18	.	.	PUNCT
faba-278	344	1	mba	mba	PROPN
faba-278	344	2	finance	finance	PROPN
faba-278	344	3	research	research	NOUN
faba-278	344	4	project	project	NOUN
faba-278	344	5	,	,	PUNCT
faba-278	344	6	kenyatta	kenyatta	PROPN
faba-278	344	7	university	university	PROPN
faba-278	344	8	,	,	PUNCT
faba-278	344	9	kenya	kenya	PROPN
faba-278	344	10	.	.	PUNCT
faba-278	345	1	mwiya	mwiya	PROPN
faba-278	345	2	,	,	PUNCT
faba-278	345	3	k.	k.	PROPN
faba-278	345	4	,	,	PUNCT
faba-278	345	5	j.	j.	PROPN
faba-278	345	6	phiri	phiri	PROPN
faba-278	345	7	,	,	PUNCT
faba-278	345	8	and	and	CCONJ
faba-278	345	9	e.	e.	PROPN
faba-278	345	10	ngwenya	ngwenya	PROPN
faba-278	345	11	.	.	PROPN
faba-278	346	1	2021	2021	NUM
faba-278	346	2	.	.	PUNCT
faba-278	347	1	the	the	DET
faba-278	347	2	impact	impact	NOUN
faba-278	347	3	of	of	ADP
faba-278	347	4	preference	preference	NOUN
faba-278	347	5	shares	share	NOUN
faba-278	347	6	on	on	ADP
faba-278	347	7	financial	financial	ADJ
faba-278	347	8	performance	performance	NOUN
faba-278	347	9	in	in	ADP
faba-278	347	10	zambian	zambian	ADJ
faba-278	347	11	firms	firm	NOUN
faba-278	347	12	.	.	PUNCT
faba-278	348	1	zambia	zambia	PROPN
faba-278	348	2	journal	journal	PROPN
faba-278	348	3	of	of	ADP
faba-278	348	4	business	business	NOUN
faba-278	348	5	and	and	CCONJ
faba-278	348	6	management	management	NOUN
faba-278	348	7	,	,	PUNCT
faba-278	348	8	10(1	10(1	NUM
faba-278	348	9	):	):	PUNCT
faba-278	348	10	90	90	NUM
faba-278	348	11	-	-	PUNCT
faba-278	348	12	105	105	NUM
faba-278	348	13	.	.	PUNCT
faba-278	349	1	nairobi	nairobi	PROPN
faba-278	349	2	securities	securities	PROPN
faba-278	349	3	exchange	exchange	PROPN
faba-278	349	4	.	.	PUNCT
faba-278	350	1	2020	2020	NUM
faba-278	350	2	.	.	PUNCT
faba-278	351	1	nse	nse	NOUN
faba-278	351	2	annual	annual	ADJ
faba-278	351	3	report	report	NOUN
faba-278	351	4	2020	2020	NUM
faba-278	351	5	.	.	PUNCT
faba-278	352	1	https://www.nse.co.ke	https://www.nse.co.ke	PROPN
faba-278	352	2	natalie	natalie	PROPN
faba-278	352	3	,	,	PUNCT
faba-278	352	4	m.	m.	NOUN
faba-278	352	5	2023	2023	NUM
faba-278	352	6	.	.	PUNCT
faba-278	353	1	kenya	kenya	PROPN
faba-278	353	2	’s	’s	PART
faba-278	353	3	gdp	gdp	NOUN
faba-278	353	4	rebounds	rebound	VERB
faba-278	353	5	amid	amid	ADP
faba-278	353	6	post	post	ADJ
faba-278	353	7	-	-	ADJ
faba-278	353	8	covid	covid	ADJ
faba-278	353	9	recovery	recovery	NOUN
faba-278	353	10	.	.	PUNCT
faba-278	354	1	kenya	kenya	PROPN
faba-278	354	2	business	business	PROPN
faba-278	354	3	daily	daily	PROPN
faba-278	354	4	.	.	PUNCT
faba-278	354	5	https://www.businessdailyafrica.com	https://www.businessdailyafrica.com	X
faba-278	355	1	ngoc	ngoc	PROPN
faba-278	355	2	,	,	PUNCT
faba-278	355	3	t.	t.	PROPN
faba-278	355	4	2018	2018	NUM
faba-278	355	5	.	.	PUNCT
faba-278	356	1	the	the	DET
faba-278	356	2	impact	impact	NOUN
faba-278	356	3	of	of	ADP
faba-278	356	4	preference	preference	NOUN
faba-278	356	5	share	share	NOUN
faba-278	356	6	capital	capital	NOUN
faba-278	356	7	on	on	ADP
faba-278	356	8	profitability	profitability	NOUN
faba-278	356	9	:	:	PUNCT
faba-278	356	10	evidence	evidence	NOUN
faba-278	356	11	from	from	ADP
faba-278	356	12	listed	list	VERB
faba-278	356	13	logistic	logistic	ADJ
faba-278	356	14	companies	company	NOUN
faba-278	356	15	in	in	ADP
faba-278	356	16	vietnam	vietnam	PROPN
faba-278	356	17	.	.	PUNCT
faba-278	356	18	journal	journal	PROPN
faba-278	356	19	of	of	ADP
faba-278	356	20	economics	economic	NOUN
faba-278	356	21	and	and	CCONJ
faba-278	356	22	development	development	NOUN
faba-278	356	23	studies	study	NOUN
faba-278	356	24	,	,	PUNCT
faba-278	356	25	6(2	6(2	NUM
faba-278	356	26	):	):	PUNCT
faba-278	356	27	23–36	23–36	NUM
faba-278	356	28	.	.	PUNCT
faba-278	357	1	https://doi.org/10.15640/jeds.v6n2a3	https://doi.org/10.15640/jeds.v6n2a3	PROPN
faba-278	357	2	omorokunwa	omorokunwa	PROPN
faba-278	357	3	,	,	PUNCT
faba-278	357	4	o.	o.	NOUN
faba-278	357	5	2018	2018	NUM
faba-278	357	6	.	.	PUNCT
faba-278	358	1	foreign	foreign	ADJ
faba-278	358	2	portfolio	portfolio	NOUN
faba-278	358	3	diversification	diversification	NOUN
faba-278	358	4	and	and	CCONJ
faba-278	358	5	financial	financial	ADJ
faba-278	358	6	performance	performance	NOUN
faba-278	358	7	.	.	PUNCT
faba-278	359	1	international	international	ADJ
faba-278	359	2	journal	journal	PROPN
faba-278	359	3	of	of	ADP
faba-278	359	4	finance	finance	NOUN
faba-278	359	5	and	and	CCONJ
faba-278	359	6	banking	banking	NOUN
faba-278	359	7	research	research	NOUN
faba-278	359	8	,	,	PUNCT
faba-278	359	9	4(3	4(3	NUM
faba-278	359	10	):	):	PUNCT
faba-278	359	11	51–61	51–61	NUM
faba-278	359	12	.	.	PUNCT
faba-278	360	1	https://www.centralbank.go.ke/	https://www.centralbank.go.ke/	PROPN
faba-278	360	2	https://doi.org/10.18488/journal.aefr.2021.114.280.295	https://doi.org/10.18488/journal.aefr.2021.114.280.295	PROPN
faba-278	360	3	https://www2.deloitte.com/ke/en/pages/economy/articles/kenya-economic-outlook.html	https://www2.deloitte.com/ke/en/pages/economy/articles/kenya-economic-outlook.html	PROPN
faba-278	360	4	https://www.knbs.or.ke/	https://www.knbs.or.ke/	PRON
faba-278	360	5	https://doi.org/10.1108/jeas-09-2021-0184	https://doi.org/10.1108/jeas-09-2021-0184	VERB
faba-278	360	6	https://doi.org/10.1108/jeas-09-2021-0184	https://doi.org/10.1108/jeas-09-2021-0184	NOUN
faba-278	360	7	https://www.investopedia.com/	https://www.investopedia.com/	NOUN
faba-278	360	8	https://doi.org/10.5923/j.ijfa.20230801.05	https://doi.org/10.5923/j.ijfa.20230801.05	PROPN
faba-278	360	9	https://doi.org/10.26710/jafee.v6i1.1060	https://doi.org/10.26710/jafee.v6i1.1060	NOUN
faba-278	360	10	https://www.jstor.org/stable/1809766	https://www.jstor.org/stable/1809766	NOUN
faba-278	360	11	https://www.nse.co.ke/	https://www.nse.co.ke/	PROPN
faba-278	360	12	https://www.businessdailyafrica.com/	https://www.businessdailyafrica.com/	VERB
faba-278	360	13	https://doi.org/10.15640/jeds.v6n2a3	https://doi.org/10.15640/jeds.v6n2a3	PROPN
faba-278	360	14	a.	a.	NOUN
faba-278	360	15	j.	j.	PROPN
faba-278	360	16	lumbasio	lumbasio	PROPN
faba-278	360	17	,	,	PUNCT
faba-278	360	18	m.	m.	NOUN
faba-278	360	19	onsiro	onsiro	NOUN
faba-278	360	20	and	and	CCONJ
faba-278	360	21	i.	i.	PROPN
faba-278	360	22	abuga	abuga	PROPN
faba-278	360	23	/	/	SYM
faba-278	360	24	finance	finance	NOUN
faba-278	360	25	,	,	PUNCT
faba-278	360	26	accounting	accounting	NOUN
faba-278	360	27	and	and	CCONJ
faba-278	360	28	business	business	NOUN
faba-278	360	29	analysis	analysis	NOUN
faba-278	360	30	,	,	PUNCT
faba-278	360	31	volume	volume	NOUN
faba-278	360	32	7	7	NUM
faba-278	360	33	,	,	PUNCT
faba-278	360	34	issue	issue	NOUN
faba-278	360	35	2	2	NUM
faba-278	360	36	,	,	PUNCT
faba-278	360	37	2025	2025	NUM
faba-278	360	38	293	293	NUM
faba-278	360	39	orichom	orichom	NOUN
faba-278	360	40	,	,	PUNCT
faba-278	360	41	d.	d.	PROPN
faba-278	360	42	,	,	PUNCT
faba-278	360	43	and	and	CCONJ
faba-278	360	44	m.	m.	NOUN
faba-278	360	45	omeke	omeke	ADJ
faba-278	360	46	.	.	PUNCT
faba-278	361	1	2021	2021	NUM
faba-278	361	2	.	.	PUNCT
faba-278	362	1	credit	credit	NOUN
faba-278	362	2	risk	risk	NOUN
faba-278	362	3	management	management	NOUN
faba-278	362	4	,	,	PUNCT
faba-278	362	5	capital	capital	NOUN
faba-278	362	6	structure	structure	NOUN
faba-278	362	7	,	,	PUNCT
faba-278	362	8	and	and	CCONJ
faba-278	362	9	financial	financial	ADJ
faba-278	362	10	performance	performance	NOUN
faba-278	362	11	of	of	ADP
faba-278	362	12	mfis	mfis	NOUN
faba-278	362	13	in	in	ADP
faba-278	362	14	uganda	uganda	PROPN
faba-278	362	15	.	.	PUNCT
faba-278	363	1	journal	journal	PROPN
faba-278	363	2	of	of	ADP
faba-278	363	3	economics	economic	NOUN
faba-278	363	4	and	and	CCONJ
faba-278	363	5	financial	financial	ADJ
faba-278	363	6	analysis	analysis	NOUN
faba-278	363	7	,	,	PUNCT
faba-278	363	8	7(1	7(1	NUM
faba-278	363	9	):	):	PUNCT
faba-278	363	10	88–103	88–103	NUM
faba-278	363	11	.	.	PUNCT
faba-278	364	1	https://doi.org/10.3906/eco2104-01	https://doi.org/10.3906/eco2104-01	NUM
faba-278	364	2	safari	safari	NOUN
faba-278	364	3	,	,	PUNCT
faba-278	364	4	a.	a.	NOUN
faba-278	364	5	,	,	PUNCT
faba-278	364	6	m.	m.	NOUN
faba-278	364	7	emadi	emadi	NOUN
faba-278	364	8	,	,	PUNCT
faba-278	364	9	m.	m.	NOUN
faba-278	364	10	ebrati	ebrati	PROPN
faba-278	364	11	,	,	PUNCT
faba-278	364	12	and	and	CCONJ
faba-278	364	13	s.	s.	PROPN
faba-278	364	14	balasang	balasang	PROPN
faba-278	364	15	.	.	PROPN
faba-278	364	16	2016	2016	NUM
faba-278	364	17	.	.	PUNCT
faba-278	365	1	the	the	DET
faba-278	365	2	effect	effect	NOUN
faba-278	365	3	of	of	ADP
faba-278	365	4	capital	capital	NOUN
faba-278	365	5	structure	structure	NOUN
faba-278	365	6	on	on	ADP
faba-278	365	7	firm	firm	ADJ
faba-278	365	8	performance	performance	NOUN
faba-278	365	9	:	:	PUNCT
faba-278	365	10	evidence	evidence	NOUN
faba-278	365	11	from	from	ADP
faba-278	365	12	tehran	tehran	PROPN
faba-278	365	13	stock	stock	PROPN
faba-278	365	14	exchange	exchange	PROPN
faba-278	365	15	.	.	PUNCT
faba-278	366	1	international	international	ADJ
faba-278	366	2	journal	journal	PROPN
faba-278	366	3	of	of	ADP
faba-278	366	4	business	business	NOUN
faba-278	366	5	management	management	NOUN
faba-278	366	6	,	,	PUNCT
faba-278	366	7	11(5	11(5	NUM
faba-278	366	8	):	):	PUNCT
faba-278	366	9	147–155	147–155	NUM
faba-278	366	10	.	.	PUNCT
faba-278	367	1	https://doi.org/10.5539/ijbm.v11n5p147	https://doi.org/10.5539/ijbm.v11n5p147	PROPN
faba-278	367	2	trochim	trochim	PROPN
faba-278	367	3	,	,	PUNCT
faba-278	367	4	w.	w.	PROPN
faba-278	367	5	m.	m.	PROPN
faba-278	367	6	2016	2016	NUM
faba-278	367	7	.	.	PUNCT
faba-278	368	1	research	research	NOUN
faba-278	368	2	methods	method	NOUN
faba-278	368	3	:	:	PUNCT
faba-278	368	4	the	the	DET
faba-278	368	5	essential	essential	ADJ
faba-278	368	6	knowledge	knowledge	NOUN
faba-278	368	7	base	base	NOUN
faba-278	368	8	.	.	PUNCT
faba-278	369	1	cengage	cengage	PROPN
faba-278	369	2	learning	learning	PROPN
faba-278	369	3	.	.	PUNCT
faba-278	370	1	wicks	wick	NOUN
faba-278	370	2	,	,	PUNCT
faba-278	370	3	a.	a.	NOUN
faba-278	370	4	c.	c.	PROPN
faba-278	370	5	,	,	PUNCT
faba-278	370	6	and	and	CCONJ
faba-278	370	7	j.	j.	PROPN
faba-278	370	8	s.	s.	PROPN
faba-278	370	9	harrison	harrison	PROPN
faba-278	370	10	.	.	PROPN
faba-278	371	1	2017	2017	NUM
faba-278	371	2	.	.	PUNCT
faba-278	372	1	stakeholder	stakeholder	NOUN
faba-278	372	2	theory	theory	NOUN
faba-278	372	3	,	,	PUNCT
faba-278	372	4	value	value	NOUN
faba-278	372	5	,	,	PUNCT
faba-278	372	6	and	and	CCONJ
faba-278	372	7	firm	firm	ADJ
faba-278	372	8	performance	performance	NOUN
faba-278	372	9	:	:	PUNCT
faba-278	372	10	reassessing	reassess	VERB
faba-278	372	11	the	the	DET
faba-278	372	12	link	link	NOUN
faba-278	372	13	.	.	PUNCT
faba-278	373	1	business	business	NOUN
faba-278	373	2	ethics	ethic	NOUN
faba-278	373	3	quarterly	quarterly	ADV
faba-278	373	4	,	,	PUNCT
faba-278	373	5	27(3	27(3	NUM
faba-278	373	6	):	):	PUNCT
faba-278	373	7	373–399	373–399	NUM
faba-278	373	8	.	.	PUNCT
faba-278	374	1	https://doi.org/10.1017/beq.2017.10	https://doi.org/10.1017/beq.2017.10	PROPN
faba-278	374	2	yoon	yoon	PROPN
faba-278	374	3	,	,	PUNCT
faba-278	374	4	s.	s.	PROPN
faba-278	374	5	m.	m.	PROPN
faba-278	374	6	,	,	PUNCT
faba-278	374	7	j.	j.	PROPN
faba-278	374	8	lee	lee	PROPN
faba-278	374	9	,	,	PUNCT
faba-278	374	10	and	and	CCONJ
faba-278	374	11	t.	t.	PROPN
faba-278	374	12	kim	kim	PROPN
faba-278	374	13	.	.	PUNCT
faba-278	375	1	2023	2023	NUM
faba-278	375	2	.	.	PUNCT
faba-278	376	1	the	the	DET
faba-278	376	2	relationship	relationship	NOUN
faba-278	376	3	between	between	ADP
faba-278	376	4	preference	preference	NOUN
faba-278	376	5	share	share	NOUN
faba-278	376	6	capital	capital	NOUN
faba-278	376	7	and	and	CCONJ
faba-278	376	8	firm	firm	ADJ
faba-278	376	9	performance	performance	NOUN
faba-278	376	10	in	in	ADP
faba-278	376	11	the	the	DET
faba-278	376	12	technology	technology	NOUN
faba-278	376	13	sector	sector	NOUN
faba-278	376	14	.	.	PUNCT
faba-278	377	1	journal	journal	NOUN
faba-278	377	2	of	of	ADP
faba-278	377	3	business	business	NOUN
faba-278	377	4	research	research	NOUN
faba-278	377	5	,	,	PUNCT
faba-278	377	6	142	142	NUM
faba-278	377	7	:	:	PUNCT
faba-278	377	8	792	792	NUM
faba-278	377	9	-	-	SYM
faba-278	377	10	805	805	NUM
faba-278	377	11	.	.	PUNCT
faba-278	378	1	zakhem	zakhem	PROPN
faba-278	378	2	,	,	PUNCT
faba-278	378	3	a.	a.	PROPN
faba-278	378	4	j.	j.	PROPN
faba-278	378	5	,	,	PUNCT
faba-278	378	6	and	and	CCONJ
faba-278	378	7	d.	d.	PROPN
faba-278	378	8	palmer	palmer	PROPN
faba-278	378	9	.	.	PROPN
faba-278	379	1	2017	2017	NUM
faba-278	379	2	.	.	PUNCT
faba-278	380	1	stakeholder	stakeholder	NOUN
faba-278	380	2	theory	theory	NOUN
faba-278	380	3	and	and	CCONJ
faba-278	380	4	corporate	corporate	ADJ
faba-278	380	5	governance	governance	NOUN
faba-278	380	6	reform	reform	NOUN
faba-278	380	7	:	:	PUNCT
faba-278	380	8	an	an	DET
faba-278	380	9	integrative	integrative	ADJ
faba-278	380	10	perspective	perspective	NOUN
faba-278	380	11	.	.	PUNCT
faba-278	381	1	journal	journal	PROPN
faba-278	381	2	of	of	ADP
faba-278	381	3	business	business	NOUN
faba-278	381	4	ethics	ethic	NOUN
faba-278	381	5	,	,	PUNCT
faba-278	381	6	146(3	146(3	NUM
faba-278	381	7	):	):	PUNCT
faba-278	381	8	473–485	473–485	NUM
faba-278	381	9	.	.	PUNCT
faba-278	382	1	https://doi.org/10.1007/s10551-015-2932-8	https://doi.org/10.1007/s10551-015-2932-8	NUM
faba-278	382	2	https://doi.org/10.3906/eco-2104-01	https://doi.org/10.3906/eco-2104-01	NOUN
faba-278	382	3	https://doi.org/10.3906/eco-2104-01	https://doi.org/10.3906/eco-2104-01	PROPN
faba-278	382	4	https://doi.org/10.5539/ijbm.v11n5p147	https://doi.org/10.5539/ijbm.v11n5p147	PROPN
faba-278	382	5	https://doi.org/10.1017/beq.2017.10	https://doi.org/10.1017/beq.2017.10	PROPN
faba-278	382	6	https://doi.org/10.1007/s10551-015-2932-8	https://doi.org/10.1007/s10551-015-2932-8	NUM