id	sid	tid	token	lemma	pos
framr-1715	1	1	8	8	NUM
framr-1715	1	2	†	†	X
framr-1715	1	3	corresponding	corresponding	ADJ
framr-1715	1	4	author	author	NOUN
framr-1715	1	5	©	©	PROPN
framr-1715	1	6	2015	2015	NUM
framr-1715	1	7	conscientia	conscientia	PROPN
framr-1715	1	8	beam	beam	PROPN
framr-1715	1	9	.	.	PUNCT
framr-1715	2	1	all	all	DET
framr-1715	2	2	rights	right	NOUN
framr-1715	2	3	reserved	reserve	VERB
framr-1715	2	4	.	.	PUNCT
framr-1715	3	1	the	the	DET
framr-1715	3	2	impact	impact	NOUN
framr-1715	3	3	of	of	ADP
framr-1715	3	4	dividend	dividend	NOUN
framr-1715	3	5	policy	policy	NOUN
framr-1715	3	6	on	on	ADP
framr-1715	3	7	shareholders	shareholder	NOUN
framr-1715	3	8	’	’	PART
framr-1715	3	9	wealth	wealth	NOUN
framr-1715	3	10	before	before	ADP
framr-1715	3	11	and	and	CCONJ
framr-1715	3	12	after	after	ADP
framr-1715	3	13	financial	financial	ADJ
framr-1715	3	14	melt	melt	NOUN
framr-1715	3	15	down	down	ADP
framr-1715	3	16	:	:	PUNCT
framr-1715	3	17	evidence	evidence	NOUN
framr-1715	3	18	from	from	ADP
framr-1715	3	19	fmcg	fmcg	NOUN
framr-1715	3	20	sector	sector	NOUN
framr-1715	3	21	in	in	ADP
framr-1715	3	22	india	india	PROPN
framr-1715	3	23	sandanam	sandanam	PROPN
framr-1715	3	24	gejalakshmi1†	gejalakshmi1†	PROPN
framr-1715	3	25	--ramachandran	--ramachandran	PUNCT
framr-1715	3	26	azhagaiah2	azhagaiah2	PROPN
framr-1715	3	27	1ph.d	1ph.d	NUM
framr-1715	3	28	research	research	NOUN
framr-1715	3	29	scholar	scholar	NOUN
framr-1715	3	30	,	,	PUNCT
framr-1715	3	31	kanchi	kanchi	PROPN
framr-1715	3	32	mamunivar	mamunivar	PROPN
framr-1715	3	33	centre	centre	PROPN
framr-1715	3	34	for	for	ADP
framr-1715	3	35	pg	pg	PROPN
framr-1715	3	36	studies	study	NOUN
framr-1715	3	37	,	,	PUNCT
framr-1715	3	38	(	(	PUNCT
framr-1715	3	39	autonomous	autonomous	ADJ
framr-1715	3	40	“	"	PUNCT
framr-1715	3	41	a	a	DET
framr-1715	3	42	”	"	PUNCT
framr-1715	3	43	grade	grade	NOUN
framr-1715	3	44	centre	centre	NOUN
framr-1715	3	45	with	with	ADP
framr-1715	3	46	potential	potential	NOUN
framr-1715	3	47	for	for	ADP
framr-1715	3	48	excellence	excellence	NOUN
framr-1715	3	49	by	by	ADP
framr-1715	3	50	ugc	ugc	PROPN
framr-1715	3	51	)	)	PUNCT
framr-1715	3	52	,	,	PUNCT
framr-1715	3	53	(	(	PUNCT
framr-1715	3	54	government	government	NOUN
framr-1715	3	55	of	of	ADP
framr-1715	3	56	puducherry	puducherry	PROPN
framr-1715	3	57	)	)	PUNCT
framr-1715	3	58	pondicherry	pondicherry	PROPN
framr-1715	3	59	university	university	PROPN
framr-1715	3	60	,	,	PUNCT
framr-1715	3	61	puducherry	puducherry	PROPN
framr-1715	3	62	,	,	PUNCT
framr-1715	3	63	india	india	PROPN
framr-1715	3	64	2associate	2associate	PROPN
framr-1715	3	65	professor	professor	NOUN
framr-1715	3	66	of	of	ADP
framr-1715	3	67	commerce	commerce	PROPN
framr-1715	3	68	,	,	PUNCT
framr-1715	3	69	kanchi	kanchi	PROPN
framr-1715	3	70	mamunivar	mamunivar	PROPN
framr-1715	3	71	centre	centre	PROPN
framr-1715	3	72	for	for	ADP
framr-1715	3	73	pg	pg	PROPN
framr-1715	3	74	studies	study	NOUN
framr-1715	3	75	,	,	PUNCT
framr-1715	3	76	(	(	PUNCT
framr-1715	3	77	autonomous	autonomous	ADJ
framr-1715	3	78	“	"	PUNCT
framr-1715	3	79	a	a	DET
framr-1715	3	80	”	"	PUNCT
framr-1715	3	81	grade	grade	NOUN
framr-1715	3	82	centre	centre	NOUN
framr-1715	3	83	with	with	ADP
framr-1715	3	84	potential	potential	NOUN
framr-1715	3	85	for	for	ADP
framr-1715	3	86	excellence	excellence	NOUN
framr-1715	3	87	by	by	ADP
framr-1715	3	88	ugc	ugc	PROPN
framr-1715	3	89	)	)	PUNCT
framr-1715	3	90	,	,	PUNCT
framr-1715	3	91	(	(	PUNCT
framr-1715	3	92	government	government	NOUN
framr-1715	3	93	of	of	ADP
framr-1715	3	94	puducherry	puducherry	PROPN
framr-1715	3	95	)	)	PUNCT
framr-1715	3	96	pondicherry	pondicherry	PROPN
framr-1715	3	97	university	university	PROPN
framr-1715	3	98	,	,	PUNCT
framr-1715	3	99	puducherry	puducherry	PROPN
framr-1715	3	100	,	,	PUNCT
framr-1715	3	101	india	india	PROPN
framr-1715	3	102	abstract	abstract	ADJ
framr-1715	3	103	dividend	dividend	NOUN
framr-1715	3	104	policy	policy	NOUN
framr-1715	3	105	(	(	PUNCT
framr-1715	3	106	dp	dp	NOUN
framr-1715	3	107	)	)	PUNCT
framr-1715	3	108	of	of	ADP
framr-1715	3	109	corporate	corporate	ADJ
framr-1715	3	110	sector	sector	NOUN
framr-1715	3	111	is	be	AUX
framr-1715	3	112	widely	widely	ADV
framr-1715	3	113	researched	research	VERB
framr-1715	3	114	topic	topic	NOUN
framr-1715	3	115	in	in	ADP
framr-1715	3	116	finance	finance	NOUN
framr-1715	3	117	however	however	ADV
framr-1715	3	118	;	;	PUNCT
framr-1715	3	119	it	it	PRON
framr-1715	3	120	remains	remain	VERB
framr-1715	3	121	a	a	DET
framr-1715	3	122	debatable	debatable	ADJ
framr-1715	3	123	issue	issue	NOUN
framr-1715	3	124	to	to	PART
framr-1715	3	125	decide	decide	VERB
framr-1715	3	126	what	what	PRON
framr-1715	3	127	factors	factor	NOUN
framr-1715	3	128	determine	determine	VERB
framr-1715	3	129	the	the	DET
framr-1715	3	130	dp	dp	NOUN
framr-1715	3	131	.	.	PUNCT
framr-1715	4	1	the	the	DET
framr-1715	4	2	objective	objective	NOUN
framr-1715	4	3	of	of	ADP
framr-1715	4	4	this	this	DET
framr-1715	4	5	paper	paper	NOUN
framr-1715	4	6	is	be	AUX
framr-1715	4	7	to	to	PART
framr-1715	4	8	analyze	analyze	VERB
framr-1715	4	9	the	the	DET
framr-1715	4	10	impact	impact	NOUN
framr-1715	4	11	of	of	ADP
framr-1715	4	12	dividend	dividend	NOUN
framr-1715	4	13	policy	policy	NOUN
framr-1715	4	14	(	(	PUNCT
framr-1715	4	15	dp	dp	NOUN
framr-1715	4	16	)	)	PUNCT
framr-1715	4	17	on	on	ADP
framr-1715	4	18	shareholders	shareholder	NOUN
framr-1715	4	19	’	'	PUNCT
framr-1715	4	20	wealth	wealth	NOUN
framr-1715	4	21	(	(	PUNCT
framr-1715	4	22	sw	sw	PROPN
framr-1715	4	23	)	)	PUNCT
framr-1715	4	24	of	of	ADP
framr-1715	4	25	fast	fast	ADJ
framr-1715	4	26	moving	move	VERB
framr-1715	4	27	consumer	consumer	NOUN
framr-1715	4	28	goods	good	NOUN
framr-1715	4	29	(	(	PUNCT
framr-1715	4	30	fmcg	fmcg	NOUN
framr-1715	4	31	)	)	PUNCT
framr-1715	4	32	sector	sector	NOUN
framr-1715	4	33	in	in	ADP
framr-1715	4	34	india	india	PROPN
framr-1715	4	35	.	.	PUNCT
framr-1715	5	1	out	out	ADP
framr-1715	5	2	of	of	ADP
framr-1715	5	3	16	16	NUM
framr-1715	5	4	firms	firm	NOUN
framr-1715	5	5	listed	list	VERB
framr-1715	5	6	on	on	ADP
framr-1715	5	7	national	national	ADJ
framr-1715	5	8	stock	stock	PROPN
framr-1715	5	9	exchange	exchange	PROPN
framr-1715	5	10	(	(	PUNCT
framr-1715	5	11	nse	nse	NOUN
framr-1715	5	12	)	)	PUNCT
framr-1715	5	13	13	13	NUM
framr-1715	5	14	firms	firm	NOUN
framr-1715	5	15	that	that	PRON
framr-1715	5	16	have	have	AUX
framr-1715	5	17	been	be	AUX
framr-1715	5	18	paying	pay	VERB
framr-1715	5	19	dividend	dividend	NOUN
framr-1715	5	20	consecutively	consecutively	ADV
framr-1715	5	21	for	for	ADP
framr-1715	5	22	the	the	DET
framr-1715	5	23	past	past	ADJ
framr-1715	5	24	ten	ten	NUM
framr-1715	5	25	years	year	NOUN
framr-1715	5	26	are	be	AUX
framr-1715	5	27	considered	consider	VERB
framr-1715	5	28	for	for	ADP
framr-1715	5	29	analysis	analysis	NOUN
framr-1715	5	30	.	.	PUNCT
framr-1715	6	1	in	in	ADP
framr-1715	6	2	the	the	DET
framr-1715	6	3	light	light	NOUN
framr-1715	6	4	of	of	ADP
framr-1715	6	5	the	the	DET
framr-1715	6	6	prior	prior	ADJ
framr-1715	6	7	literature	literature	NOUN
framr-1715	6	8	,	,	PUNCT
framr-1715	6	9	key	key	ADJ
framr-1715	6	10	predictor	predictor	NOUN
framr-1715	6	11	variables	variable	NOUN
framr-1715	6	12	such	such	ADJ
framr-1715	6	13	as	as	ADP
framr-1715	6	14	earnings	earning	NOUN
framr-1715	6	15	per	per	ADP
framr-1715	6	16	share	share	NOUN
framr-1715	6	17	(	(	PUNCT
framr-1715	6	18	eps	eps	PROPN
framr-1715	6	19	)	)	PUNCT
framr-1715	6	20	,	,	PUNCT
framr-1715	6	21	dividends	dividend	NOUN
framr-1715	6	22	per	per	ADP
framr-1715	6	23	share	share	NOUN
framr-1715	6	24	(	(	PUNCT
framr-1715	6	25	dps	dps	NOUN
framr-1715	6	26	)	)	PUNCT
framr-1715	6	27	,	,	PUNCT
framr-1715	6	28	retained	retain	VERB
framr-1715	6	29	earnings	earning	NOUN
framr-1715	6	30	per	per	ADP
framr-1715	6	31	share	share	NOUN
framr-1715	6	32	(	(	PUNCT
framr-1715	6	33	rps	rps	PROPN
framr-1715	6	34	)	)	PUNCT
framr-1715	6	35	,	,	PUNCT
framr-1715	6	36	price	price	NOUN
framr-1715	6	37	earnings	earning	NOUN
framr-1715	6	38	ratio	ratio	NOUN
framr-1715	6	39	(	(	PUNCT
framr-1715	6	40	per	per	ADP
framr-1715	6	41	)	)	PUNCT
framr-1715	6	42	,	,	PUNCT
framr-1715	6	43	lagged	lag	VERB
framr-1715	6	44	price	price	NOUN
framr-1715	6	45	earning	earning	NOUN
framr-1715	6	46	(	(	PUNCT
framr-1715	6	47	lagper	lagper	NOUN
framr-1715	6	48	)	)	PUNCT
framr-1715	6	49	,	,	PUNCT
framr-1715	6	50	earnings	earning	NOUN
framr-1715	6	51	(	(	PUNCT
framr-1715	6	52	ear	ear	NOUN
framr-1715	6	53	)	)	PUNCT
framr-1715	6	54	,	,	PUNCT
framr-1715	6	55	and	and	CCONJ
framr-1715	6	56	lagged	lag	VERB
framr-1715	6	57	market	market	NOUN
framr-1715	6	58	value	value	NOUN
framr-1715	6	59	(	(	PUNCT
framr-1715	6	60	lagmps	lagmp	NOUN
framr-1715	6	61	)	)	PUNCT
framr-1715	6	62	are	be	AUX
framr-1715	6	63	considered	consider	VERB
framr-1715	6	64	for	for	ADP
framr-1715	6	65	analyzing	analyze	VERB
framr-1715	6	66	the	the	DET
framr-1715	6	67	impact	impact	NOUN
framr-1715	6	68	of	of	ADP
framr-1715	6	69	dp	dp	NOUN
framr-1715	6	70	on	on	ADP
framr-1715	6	71	sw	sw	PROPN
framr-1715	6	72	.	.	PUNCT
framr-1715	7	1	the	the	DET
framr-1715	7	2	descriptive	descriptive	ADJ
framr-1715	7	3	statistics	statistic	NOUN
framr-1715	7	4	reveals	reveal	VERB
framr-1715	7	5	that	that	SCONJ
framr-1715	7	6	the	the	DET
framr-1715	7	7	data	datum	NOUN
framr-1715	7	8	form	form	NOUN
framr-1715	7	9	in	in	ADP
framr-1715	7	10	to	to	ADP
framr-1715	7	11	normal	normal	ADJ
framr-1715	7	12	.	.	PUNCT
framr-1715	8	1	whereas	whereas	SCONJ
framr-1715	8	2	when	when	SCONJ
framr-1715	8	3	the	the	DET
framr-1715	8	4	assumptions	assumption	NOUN
framr-1715	8	5	needed	need	VERB
framr-1715	8	6	to	to	PART
framr-1715	8	7	be	be	AUX
framr-1715	8	8	fulfilled	fulfil	VERB
framr-1715	8	9	for	for	ADP
framr-1715	8	10	the	the	DET
framr-1715	8	11	ordinary	ordinary	ADJ
framr-1715	8	12	least	least	ADJ
framr-1715	8	13	square	square	ADJ
framr-1715	8	14	method	method	NOUN
framr-1715	8	15	(	(	PUNCT
framr-1715	8	16	ols	ols	PROPN
framr-1715	8	17	)	)	PUNCT
framr-1715	8	18	,	,	PUNCT
framr-1715	8	19	the	the	DET
framr-1715	8	20	data	datum	NOUN
framr-1715	8	21	are	be	AUX
framr-1715	8	22	found	find	VERB
framr-1715	8	23	to	to	PART
framr-1715	8	24	be	be	AUX
framr-1715	8	25	homoskedastic	homoskedastic	ADJ
framr-1715	8	26	and	and	CCONJ
framr-1715	8	27	are	be	AUX
framr-1715	8	28	free	free	ADJ
framr-1715	8	29	of	of	ADP
framr-1715	8	30	autocorrelation	autocorrelation	NOUN
framr-1715	8	31	.	.	PUNCT
framr-1715	9	1	augmented	augment	VERB
framr-1715	9	2	dickey	dickey	PROPN
framr-1715	9	3	fuller	full	ADJ
framr-1715	9	4	test	test	NOUN
framr-1715	9	5	(	(	PUNCT
framr-1715	9	6	adf	adf	PROPN
framr-1715	9	7	)	)	PUNCT
framr-1715	9	8	,	,	PUNCT
framr-1715	9	9	white	white	ADJ
framr-1715	9	10	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	9	11	test	test	NOUN
framr-1715	9	12	,	,	PUNCT
framr-1715	9	13	auto	auto	NOUN
framr-1715	9	14	correlation	correlation	NOUN
framr-1715	9	15	,	,	PUNCT
framr-1715	9	16	breuch	breuch	ADJ
framr-1715	9	17	-	-	PUNCT
framr-1715	9	18	godfrey	godfrey	NOUN
framr-1715	9	19	serial	serial	ADJ
framr-1715	9	20	correlation	correlation	NOUN
framr-1715	9	21	lm	lm	X
framr-1715	9	22	test	test	NOUN
framr-1715	9	23	,	,	PUNCT
framr-1715	9	24	durbin	durbin	NOUN
framr-1715	9	25	-	-	PUNCT
framr-1715	9	26	watson	watson	NOUN
framr-1715	9	27	,	,	PUNCT
framr-1715	9	28	lagrange	lagrange	NOUN
framr-1715	9	29	multiplier	multiplier	ADV
framr-1715	9	30	(	(	PUNCT
framr-1715	9	31	lm	lm	INTJ
framr-1715	9	32	)	)	PUNCT
framr-1715	9	33	for	for	ADP
framr-1715	9	34	autoregressive	autoregressive	ADJ
framr-1715	9	35	conditional	conditional	ADJ
framr-1715	9	36	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	9	37	(	(	PUNCT
framr-1715	9	38	arch	arch	NOUN
framr-1715	9	39	-	-	PUNCT
framr-1715	9	40	lm	lm	NOUN
framr-1715	9	41	)	)	PUNCT
framr-1715	9	42	,	,	PUNCT
framr-1715	9	43	correlation	correlation	NOUN
framr-1715	9	44	,	,	PUNCT
framr-1715	9	45	ordinary	ordinary	ADJ
framr-1715	9	46	least	least	ADJ
framr-1715	9	47	square	square	ADJ
framr-1715	9	48	regression	regression	NOUN
framr-1715	9	49	and	and	CCONJ
framr-1715	9	50	chow	chow	PROPN
framr-1715	9	51	test	test	NOUN
framr-1715	9	52	are	be	AUX
framr-1715	9	53	applied	apply	VERB
framr-1715	9	54	using	use	VERB
framr-1715	9	55	eviews	eviews	PROPN
framr-1715	9	56	7	7	NUM
framr-1715	9	57	econometrics	econometrics	NOUN
framr-1715	9	58	software	software	NOUN
framr-1715	9	59	package	package	NOUN
framr-1715	9	60	for	for	ADP
framr-1715	9	61	analysis	analysis	NOUN
framr-1715	9	62	.	.	PUNCT
framr-1715	10	1	regression	regression	NOUN
framr-1715	10	2	result	result	NOUN
framr-1715	10	3	proves	prove	VERB
framr-1715	10	4	that	that	SCONJ
framr-1715	10	5	dps	dps	NOUN
framr-1715	10	6	(	(	PUNCT
framr-1715	10	7	121.65	121.65	NUM
framr-1715	10	8	)	)	PUNCT
framr-1715	10	9	and	and	CCONJ
framr-1715	10	10	rps	rps	PROPN
framr-1715	10	11	(	(	PUNCT
framr-1715	10	12	9.68	9.68	NUM
framr-1715	10	13	)	)	PUNCT
framr-1715	10	14	have	have	VERB
framr-1715	10	15	significant	significant	ADJ
framr-1715	10	16	positive	positive	ADJ
framr-1715	10	17	co	co	NOUN
framr-1715	10	18	-	-	ADJ
framr-1715	10	19	efficient	efficient	ADJ
framr-1715	10	20	on	on	ADP
framr-1715	10	21	eps(sw	eps(sw	NOUN
framr-1715	10	22	)	)	PUNCT
framr-1715	10	23	of	of	ADP
framr-1715	10	24	fmcg	fmcg	NOUN
framr-1715	10	25	firms	firm	NOUN
framr-1715	10	26	in	in	ADP
framr-1715	10	27	india	india	PROPN
framr-1715	10	28	before	before	ADP
framr-1715	10	29	global	global	ADJ
framr-1715	10	30	financial	financial	ADJ
framr-1715	10	31	melt	melt	NOUN
framr-1715	10	32	down	down	ADP
framr-1715	10	33	,	,	PUNCT
framr-1715	10	34	while	while	SCONJ
framr-1715	10	35	dps	dps	NOUN
framr-1715	10	36	(	(	PUNCT
framr-1715	10	37	76.74	76.74	NUM
framr-1715	10	38	)	)	PUNCT
framr-1715	10	39	,	,	PUNCT
framr-1715	10	40	lagper	lagper	NOUN
framr-1715	10	41	(	(	PUNCT
framr-1715	10	42	1.52	1.52	NUM
framr-1715	10	43	)	)	PUNCT
framr-1715	10	44	and	and	CCONJ
framr-1715	10	45	lagmps	lagmp	NOUN
framr-1715	10	46	(	(	PUNCT
framr-1715	10	47	0.27	0.27	NUM
framr-1715	10	48	)	)	PUNCT
framr-1715	10	49	have	have	VERB
framr-1715	10	50	significant	significant	ADJ
framr-1715	10	51	positive	positive	ADJ
framr-1715	10	52	co	co	NOUN
framr-1715	10	53	-	-	ADJ
framr-1715	10	54	efficient	efficient	ADJ
framr-1715	10	55	(	(	PUNCT
framr-1715	10	56	76.74	76.74	NUM
framr-1715	10	57	)	)	PUNCT
framr-1715	10	58	on	on	ADP
framr-1715	10	59	eps(sw	eps(sw	NOUN
framr-1715	10	60	)	)	PUNCT
framr-1715	10	61	of	of	ADP
framr-1715	10	62	fmcg	fmcg	NOUN
framr-1715	10	63	firms	firm	NOUN
framr-1715	10	64	in	in	ADP
framr-1715	10	65	india	india	PROPN
framr-1715	10	66	after	after	ADP
framr-1715	10	67	global	global	ADJ
framr-1715	10	68	financial	financial	ADJ
framr-1715	10	69	melt	melt	NOUN
framr-1715	10	70	down	down	ADP
framr-1715	10	71	.	.	PUNCT
framr-1715	11	1	the	the	DET
framr-1715	11	2	results	result	NOUN
framr-1715	11	3	of	of	ADP
framr-1715	11	4	the	the	DET
framr-1715	11	5	chow	chow	PROPN
framr-1715	11	6	test	test	NOUN
framr-1715	11	7	proves	prove	VERB
framr-1715	11	8	that	that	SCONJ
framr-1715	11	9	the	the	DET
framr-1715	11	10	fmcg	fmcg	NOUN
framr-1715	11	11	firms	firm	NOUN
framr-1715	11	12	have	have	VERB
framr-1715	11	13	significant	significant	ADJ
framr-1715	11	14	shift	shift	NOUN
framr-1715	11	15	-	-	PUNCT
framr-1715	11	16	in	in	ADP
framr-1715	11	17	-	-	PUNCT
framr-1715	11	18	structure	structure	NOUN
framr-1715	11	19	(	(	PUNCT
framr-1715	11	20	positive	positive	ADJ
framr-1715	11	21	improvement	improvement	NOUN
framr-1715	11	22	)	)	PUNCT
framr-1715	11	23	in	in	ADP
framr-1715	11	24	respect	respect	NOUN
framr-1715	11	25	of	of	ADP
framr-1715	11	26	sw	sw	PROPN
framr-1715	11	27	after	after	ADP
framr-1715	11	28	global	global	ADJ
framr-1715	11	29	financial	financial	ADJ
framr-1715	11	30	melt	melt	NOUN
framr-1715	11	31	down	down	ADP
framr-1715	11	32	.	.	PUNCT
framr-1715	12	1	keywords	keyword	NOUN
framr-1715	12	2	:	:	PUNCT
framr-1715	12	3	dividend	dividend	VERB
framr-1715	12	4	per	per	ADP
framr-1715	12	5	share	share	NOUN
framr-1715	12	6	(	(	PUNCT
framr-1715	12	7	dps	dps	NOUN
framr-1715	12	8	)	)	PUNCT
framr-1715	12	9	,	,	PUNCT
framr-1715	12	10	dividend	dividend	NOUN
framr-1715	12	11	policy	policy	NOUN
framr-1715	12	12	(	(	PUNCT
framr-1715	12	13	dp	dp	NOUN
framr-1715	12	14	)	)	PUNCT
framr-1715	12	15	,	,	PUNCT
framr-1715	12	16	market	market	NOUN
framr-1715	12	17	price	price	NOUN
framr-1715	12	18	per	per	ADP
framr-1715	12	19	share	share	NOUN
framr-1715	12	20	(	(	PUNCT
framr-1715	12	21	mps	mps	PROPN
framr-1715	12	22	)	)	PUNCT
framr-1715	12	23	,	,	PUNCT
framr-1715	12	24	price	price	NOUN
framr-1715	12	25	earnings	earning	NOUN
framr-1715	12	26	ratio	ratio	NOUN
framr-1715	12	27	(	(	PUNCT
framr-1715	12	28	per	per	ADP
framr-1715	12	29	)	)	PUNCT
framr-1715	12	30	,	,	PUNCT
framr-1715	12	31	earnings	earning	NOUN
framr-1715	12	32	per	per	ADP
framr-1715	12	33	share	share	NOUN
framr-1715	12	34	(	(	PUNCT
framr-1715	12	35	eps	eps	PROPN
framr-1715	12	36	)	)	PUNCT
framr-1715	12	37	,	,	PUNCT
framr-1715	12	38	shareholders	shareholder	NOUN
framr-1715	12	39	’	'	PUNCT
framr-1715	12	40	wealth	wealth	NOUN
framr-1715	12	41	(	(	PUNCT
framr-1715	12	42	sw	sw	PROPN
framr-1715	12	43	)	)	PUNCT
framr-1715	12	44	.	.	PUNCT
framr-1715	13	1	jel	jel	PROPN
framr-1715	13	2	classification	classification	NOUN
framr-1715	13	3	:	:	PUNCT
framr-1715	13	4	g	g	PROPN
framr-1715	13	5	35	35	NUM
framr-1715	13	6	,	,	PUNCT
framr-1715	13	7	l	l	PROPN
framr-1715	13	8	25	25	NUM
framr-1715	13	9	.	.	PUNCT
framr-1715	14	1	financial	financial	ADJ
framr-1715	14	2	risk	risk	NOUN
framr-1715	14	3	and	and	CCONJ
framr-1715	14	4	management	management	NOUN
framr-1715	14	5	reviews	review	NOUN
framr-1715	14	6	2015	2015	NUM
framr-1715	14	7	vol	vol	NOUN
framr-1715	14	8	.	.	PROPN
framr-1715	15	1	1	1	NUM
framr-1715	15	2	,	,	PUNCT
framr-1715	15	3	no	no	INTJ
framr-1715	15	4	.	.	NOUN
framr-1715	15	5	1	1	NUM
framr-1715	15	6	pp	pp	NOUN
framr-1715	15	7	.	.	PUNCT
framr-1715	16	1	8	8	NUM
framr-1715	16	2	-	-	SYM
framr-1715	16	3	26	26	NUM
framr-1715	16	4	issn(e	issn(e	NOUN
framr-1715	16	5	):	):	PUNCT
framr-1715	16	6	2411	2411	NUM
framr-1715	16	7	-	-	SYM
framr-1715	16	8	6408	6408	NUM
framr-1715	16	9	issn(p	issn(p	NUM
framr-1715	16	10	):	):	PUNCT
framr-1715	16	11	2412	2412	NUM
framr-1715	16	12	-	-	SYM
framr-1715	16	13	3404	3404	NUM
framr-1715	16	14	doi	doi	NOUN
framr-1715	16	15	:	:	PUNCT
framr-1715	16	16	10.18488	10.18488	NUM
framr-1715	16	17	/	/	SYM
framr-1715	16	18	journal.89/2015.1.1/89.1.8.26	journal.89/2015.1.1/89.1.8.26	NOUN
framr-1715	16	19	©	©	PROPN
framr-1715	16	20	2015	2015	NUM
framr-1715	16	21	conscientia	conscientia	PROPN
framr-1715	16	22	beam	beam	PROPN
framr-1715	16	23	.	.	PUNCT
framr-1715	17	1	all	all	DET
framr-1715	17	2	rights	right	NOUN
framr-1715	17	3	reserved	reserve	VERB
framr-1715	17	4	.	.	PUNCT
framr-1715	18	1	http://crossmark.crossref.org/dialog/?doi=10.18488/journal.89/2015.1.1/89.1.8.26	http://crossmark.crossref.org/dialog/?doi=10.18488/journal.89/2015.1.1/89.1.8.26	X
framr-1715	18	2	financial	financial	ADJ
framr-1715	18	3	risk	risk	NOUN
framr-1715	18	4	and	and	CCONJ
framr-1715	18	5	management	management	NOUN
framr-1715	18	6	reviews	review	NOUN
framr-1715	18	7	,	,	PUNCT
framr-1715	18	8	2015	2015	NUM
framr-1715	18	9	,	,	PUNCT
framr-1715	18	10	1(1):8	1(1):8	PROPN
framr-1715	18	11	-	-	SYM
framr-1715	18	12	26	26	NUM
framr-1715	18	13	9	9	NUM
framr-1715	18	14	©	©	PROPN
framr-1715	18	15	2015	2015	NUM
framr-1715	18	16	conscientia	conscientia	PROPN
framr-1715	18	17	beam	beam	PROPN
framr-1715	18	18	.	.	PUNCT
framr-1715	19	1	all	all	DET
framr-1715	19	2	rights	right	NOUN
framr-1715	19	3	reserved	reserve	VERB
framr-1715	19	4	.	.	PUNCT
framr-1715	20	1	contribution/	contribution/	NUM
framr-1715	20	2	originality	originality	NOUN
framr-1715	20	3	the	the	DET
framr-1715	20	4	study	study	NOUN
framr-1715	20	5	used	use	VERB
framr-1715	20	6	new	new	ADJ
framr-1715	20	7	estimation	estimation	NOUN
framr-1715	20	8	methodology	methodology	NOUN
framr-1715	20	9	such	such	ADJ
framr-1715	20	10	as	as	ADP
framr-1715	20	11	augmented	augment	VERB
framr-1715	20	12	dickey	dickey	PROPN
framr-1715	20	13	fuller	full	ADJ
framr-1715	20	14	test	test	NOUN
framr-1715	20	15	,	,	PUNCT
framr-1715	20	16	white	white	ADJ
framr-1715	20	17	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	20	18	test	test	NOUN
framr-1715	20	19	,	,	PUNCT
framr-1715	20	20	auto	auto	NOUN
framr-1715	20	21	correlation	correlation	NOUN
framr-1715	20	22	,	,	PUNCT
framr-1715	20	23	breuch	breuch	ADJ
framr-1715	20	24	-	-	PUNCT
framr-1715	20	25	godfrey	godfrey	NOUN
framr-1715	20	26	serial	serial	ADJ
framr-1715	20	27	correlation	correlation	NOUN
framr-1715	20	28	lm	lm	X
framr-1715	20	29	test	test	NOUN
framr-1715	20	30	,	,	PUNCT
framr-1715	20	31	durbin	durbin	NOUN
framr-1715	20	32	-	-	PUNCT
framr-1715	20	33	watson	watson	NOUN
framr-1715	20	34	and	and	CCONJ
framr-1715	20	35	arch	arch	ADJ
framr-1715	20	36	-	-	PUNCT
framr-1715	20	37	lm	lm	NOUN
framr-1715	20	38	test	test	NOUN
framr-1715	20	39	and	and	CCONJ
framr-1715	20	40	chow	chow	PROPN
framr-1715	20	41	test	test	NOUN
framr-1715	20	42	for	for	ADP
framr-1715	20	43	analysis	analysis	NOUN
framr-1715	20	44	.	.	PUNCT
framr-1715	21	1	very	very	ADV
framr-1715	21	2	few	few	ADJ
framr-1715	21	3	studies	study	NOUN
framr-1715	21	4	,	,	PUNCT
framr-1715	21	5	which	which	PRON
framr-1715	21	6	have	have	AUX
framr-1715	21	7	investigated	investigate	VERB
framr-1715	21	8	the	the	DET
framr-1715	21	9	impact	impact	NOUN
framr-1715	21	10	of	of	ADP
framr-1715	21	11	dp	dp	NOUN
framr-1715	21	12	on	on	ADP
framr-1715	21	13	sw	sw	PROPN
framr-1715	21	14	before	before	ADP
framr-1715	21	15	and	and	CCONJ
framr-1715	21	16	after	after	ADP
framr-1715	21	17	financial	financial	ADJ
framr-1715	21	18	melt	melt	NOUN
framr-1715	21	19	down	down	ADP
framr-1715	21	20	studied	study	VERB
framr-1715	21	21	the	the	DET
framr-1715	21	22	structural	structural	ADJ
framr-1715	21	23	changes	change	NOUN
framr-1715	21	24	.	.	PUNCT
framr-1715	22	1	however	however	ADV
framr-1715	22	2	,	,	PUNCT
framr-1715	22	3	the	the	DET
framr-1715	22	4	present	present	ADJ
framr-1715	22	5	study	study	NOUN
framr-1715	22	6	proved	prove	VERB
framr-1715	22	7	that	that	SCONJ
framr-1715	22	8	the	the	DET
framr-1715	22	9	dp	dp	NOUN
framr-1715	22	10	is	be	AUX
framr-1715	22	11	significantly	significantly	ADV
framr-1715	22	12	and	and	CCONJ
framr-1715	22	13	positively	positively	ADV
framr-1715	22	14	related	relate	VERB
framr-1715	22	15	to	to	ADP
framr-1715	22	16	retained	retain	VERB
framr-1715	22	17	earnings	earning	NOUN
framr-1715	22	18	per	per	ADP
framr-1715	22	19	share	share	NOUN
framr-1715	22	20	and	and	CCONJ
framr-1715	22	21	earnings	earning	NOUN
framr-1715	22	22	per	per	ADP
framr-1715	22	23	share	share	NOUN
framr-1715	22	24	(	(	PUNCT
framr-1715	22	25	sw	sw	PROPN
framr-1715	22	26	)	)	PUNCT
framr-1715	22	27	.	.	PUNCT
framr-1715	23	1	the	the	DET
framr-1715	23	2	result	result	NOUN
framr-1715	23	3	of	of	ADP
framr-1715	23	4	the	the	DET
framr-1715	23	5	study	study	NOUN
framr-1715	23	6	is	be	AUX
framr-1715	23	7	consistent	consistent	ADJ
framr-1715	23	8	with	with	ADP
framr-1715	23	9	the	the	DET
framr-1715	23	10	findings	finding	NOUN
framr-1715	23	11	of	of	ADP
framr-1715	23	12	gul	gul	PROPN
framr-1715	23	13	et	et	PROPN
framr-1715	23	14	al	al	PROPN
framr-1715	23	15	.	.	PROPN
framr-1715	24	1	(	(	PUNCT
framr-1715	24	2	2012	2012	NUM
framr-1715	24	3	)	)	PUNCT
framr-1715	24	4	,	,	PUNCT
framr-1715	24	5	salman	salman	PROPN
framr-1715	24	6	(	(	PUNCT
framr-1715	24	7	2013	2013	NUM
framr-1715	24	8	)	)	PUNCT
framr-1715	24	9	,	,	PUNCT
framr-1715	24	10	bawa	bawa	PROPN
framr-1715	24	11	and	and	CCONJ
framr-1715	24	12	kaur	kaur	PROPN
framr-1715	24	13	(	(	PUNCT
framr-1715	24	14	2013	2013	NUM
framr-1715	24	15	)	)	PUNCT
framr-1715	24	16	,	,	PUNCT
framr-1715	24	17	azhagaiah	azhagaiah	NOUN
framr-1715	24	18	and	and	CCONJ
framr-1715	24	19	sabaripriya	sabaripriya	PROPN
framr-1715	24	20	(	(	PUNCT
framr-1715	24	21	2008	2008	NUM
framr-1715	24	22	)	)	PUNCT
framr-1715	24	23	,	,	PUNCT
framr-1715	24	24	etc	etc	X
framr-1715	24	25	.	.	X
framr-1715	24	26	1	1	X
framr-1715	24	27	.	.	X
framr-1715	24	28	introduction	introduction	NOUN
framr-1715	24	29	dividend	dividend	NOUN
framr-1715	24	30	policy	policy	NOUN
framr-1715	24	31	(	(	PUNCT
framr-1715	24	32	dp	dp	NOUN
framr-1715	24	33	)	)	PUNCT
framr-1715	24	34	is	be	AUX
framr-1715	24	35	one	one	NUM
framr-1715	24	36	of	of	ADP
framr-1715	24	37	the	the	DET
framr-1715	24	38	three	three	NUM
framr-1715	24	39	major	major	ADJ
framr-1715	24	40	decisions	decision	NOUN
framr-1715	24	41	of	of	ADP
framr-1715	24	42	financial	financial	ADJ
framr-1715	24	43	management	management	NOUN
framr-1715	24	44	.	.	PUNCT
framr-1715	25	1	the	the	DET
framr-1715	25	2	decision	decision	NOUN
framr-1715	25	3	of	of	ADP
framr-1715	25	4	the	the	DET
framr-1715	25	5	firm	firm	NOUN
framr-1715	25	6	regarding	regard	VERB
framr-1715	25	7	the	the	DET
framr-1715	25	8	extent	extent	NOUN
framr-1715	25	9	of	of	ADP
framr-1715	25	10	earnings	earning	NOUN
framr-1715	25	11	that	that	PRON
framr-1715	25	12	could	could	AUX
framr-1715	25	13	be	be	AUX
framr-1715	25	14	paid	pay	VERB
framr-1715	25	15	as	as	ADP
framr-1715	25	16	dividend	dividend	NOUN
framr-1715	25	17	and	and	CCONJ
framr-1715	25	18	the	the	DET
framr-1715	25	19	extent	extent	NOUN
framr-1715	25	20	that	that	PRON
framr-1715	25	21	of	of	ADP
framr-1715	25	22	could	could	AUX
framr-1715	25	23	be	be	AUX
framr-1715	25	24	retained	retain	VERB
framr-1715	25	25	by	by	ADP
framr-1715	25	26	the	the	DET
framr-1715	25	27	firm	firm	NOUN
framr-1715	25	28	is	be	AUX
framr-1715	25	29	the	the	DET
framr-1715	25	30	concern	concern	NOUN
framr-1715	25	31	of	of	ADP
framr-1715	25	32	dp	dp	PROPN
framr-1715	25	33	.	.	PUNCT
framr-1715	26	1	in	in	ADP
framr-1715	26	2	other	other	ADJ
framr-1715	26	3	words	word	NOUN
framr-1715	26	4	,	,	PUNCT
framr-1715	26	5	the	the	DET
framr-1715	26	6	dp	dp	NOUN
framr-1715	26	7	determines	determine	VERB
framr-1715	26	8	what	what	DET
framr-1715	26	9	proportion	proportion	NOUN
framr-1715	26	10	of	of	ADP
framr-1715	26	11	earnings	earning	NOUN
framr-1715	26	12	is	be	AUX
framr-1715	26	13	to	to	PART
framr-1715	26	14	be	be	AUX
framr-1715	26	15	paid	pay	VERB
framr-1715	26	16	to	to	ADP
framr-1715	26	17	shareholders	shareholder	NOUN
framr-1715	26	18	by	by	ADP
framr-1715	26	19	way	way	NOUN
framr-1715	26	20	of	of	ADP
framr-1715	26	21	dividends	dividend	NOUN
framr-1715	26	22	and	and	CCONJ
framr-1715	26	23	what	what	DET
framr-1715	26	24	proportion	proportion	NOUN
framr-1715	26	25	is	be	AUX
framr-1715	26	26	ploughed	plough	VERB
framr-1715	26	27	back	back	ADV
framr-1715	26	28	in	in	ADP
framr-1715	26	29	the	the	DET
framr-1715	26	30	firm	firm	NOUN
framr-1715	26	31	itself	itself	PRON
framr-1715	26	32	for	for	ADP
framr-1715	26	33	its	its	PRON
framr-1715	26	34	reinvestment	reinvestment	NOUN
framr-1715	26	35	purposes	purpose	NOUN
framr-1715	26	36	.	.	PUNCT
framr-1715	27	1	the	the	DET
framr-1715	27	2	development	development	NOUN
framr-1715	27	3	of	of	ADP
framr-1715	27	4	such	such	DET
framr-1715	27	5	a	a	DET
framr-1715	27	6	policy	policy	NOUN
framr-1715	27	7	will	will	AUX
framr-1715	27	8	be	be	AUX
framr-1715	27	9	greatly	greatly	ADV
framr-1715	27	10	influenced	influence	VERB
framr-1715	27	11	by	by	ADP
framr-1715	27	12	investment	investment	NOUN
framr-1715	27	13	opportunities	opportunity	NOUN
framr-1715	27	14	available	available	ADJ
framr-1715	27	15	to	to	ADP
framr-1715	27	16	the	the	DET
framr-1715	27	17	firm	firm	NOUN
framr-1715	27	18	and	and	CCONJ
framr-1715	27	19	the	the	DET
framr-1715	27	20	value	value	NOUN
framr-1715	27	21	of	of	ADP
framr-1715	27	22	dividends	dividend	NOUN
framr-1715	27	23	as	as	ADP
framr-1715	27	24	against	against	ADP
framr-1715	27	25	capital	capital	NOUN
framr-1715	27	26	gains	gain	NOUN
framr-1715	27	27	to	to	ADP
framr-1715	27	28	the	the	DET
framr-1715	27	29	shareholders	shareholder	NOUN
framr-1715	27	30	.	.	PUNCT
framr-1715	28	1	each	each	DET
framr-1715	28	2	firm	firm	NOUN
framr-1715	28	3	should	should	AUX
framr-1715	28	4	develop	develop	VERB
framr-1715	28	5	such	such	DET
framr-1715	28	6	a	a	DET
framr-1715	28	7	dp	dp	NOUN
framr-1715	28	8	,	,	PUNCT
framr-1715	28	9	which	which	PRON
framr-1715	28	10	divides	divide	VERB
framr-1715	28	11	the	the	DET
framr-1715	28	12	net	net	ADJ
framr-1715	28	13	earnings	earning	NOUN
framr-1715	28	14	in	in	ADP
framr-1715	28	15	to	to	ADP
framr-1715	28	16	dividends	dividend	NOUN
framr-1715	28	17	and	and	CCONJ
framr-1715	28	18	retained	retain	VERB
framr-1715	28	19	earnings	earning	NOUN
framr-1715	28	20	in	in	ADP
framr-1715	28	21	an	an	DET
framr-1715	28	22	optimum	optimum	ADJ
framr-1715	28	23	way	way	NOUN
framr-1715	28	24	to	to	PART
framr-1715	28	25	achieve	achieve	VERB
framr-1715	28	26	the	the	DET
framr-1715	28	27	objective	objective	NOUN
framr-1715	28	28	of	of	ADP
framr-1715	28	29	maximizing	maximize	VERB
framr-1715	28	30	the	the	DET
framr-1715	28	31	shareholders	shareholder	NOUN
framr-1715	28	32	’	’	PART
framr-1715	28	33	wealth	wealth	NOUN
framr-1715	28	34	(	(	PUNCT
framr-1715	28	35	sw	sw	PROPN
framr-1715	28	36	)	)	PUNCT
framr-1715	28	37	as	as	SCONJ
framr-1715	28	38	it	it	PRON
framr-1715	28	39	is	be	AUX
framr-1715	28	40	represented	represent	VERB
framr-1715	28	41	by	by	ADP
framr-1715	28	42	market	market	NOUN
framr-1715	28	43	price	price	NOUN
framr-1715	28	44	(	(	PUNCT
framr-1715	28	45	mp	mp	NOUN
framr-1715	28	46	)	)	PUNCT
framr-1715	28	47	of	of	ADP
framr-1715	28	48	the	the	DET
framr-1715	28	49	firm	firm	NOUN
framr-1715	28	50	’s	’s	PART
framr-1715	28	51	common	common	ADJ
framr-1715	28	52	stock	stock	NOUN
framr-1715	28	53	which	which	PRON
framr-1715	28	54	,	,	PUNCT
framr-1715	28	55	in	in	ADP
framr-1715	28	56	turn	turn	NOUN
framr-1715	28	57	,	,	PUNCT
framr-1715	28	58	is	be	AUX
framr-1715	28	59	the	the	DET
framr-1715	28	60	function	function	NOUN
framr-1715	28	61	of	of	ADP
framr-1715	28	62	the	the	DET
framr-1715	28	63	firm	firm	NOUN
framr-1715	28	64	’s	’s	PART
framr-1715	28	65	investment	investment	NOUN
framr-1715	28	66	,	,	PUNCT
framr-1715	28	67	financing	financing	NOUN
framr-1715	28	68	and	and	CCONJ
framr-1715	28	69	dividend	dividend	NOUN
framr-1715	28	70	decision	decision	NOUN
framr-1715	28	71	.	.	PUNCT
framr-1715	29	1	for	for	ADP
framr-1715	29	2	studying	study	VERB
framr-1715	29	3	the	the	DET
framr-1715	29	4	impact	impact	NOUN
framr-1715	29	5	of	of	ADP
framr-1715	29	6	dp	dp	NOUN
framr-1715	29	7	on	on	ADP
framr-1715	29	8	(	(	PUNCT
framr-1715	29	9	sw	sw	PROPN
framr-1715	29	10	)	)	PUNCT
framr-1715	29	11	,	,	PUNCT
framr-1715	29	12	we	we	PRON
framr-1715	29	13	have	have	AUX
framr-1715	29	14	selected	select	VERB
framr-1715	29	15	fast	fast	ADV
framr-1715	29	16	moving	move	VERB
framr-1715	29	17	consumer	consumer	NOUN
framr-1715	29	18	goods	good	NOUN
framr-1715	29	19	(	(	PUNCT
framr-1715	29	20	fmcg	fmcg	NOUN
framr-1715	29	21	)	)	PUNCT
framr-1715	29	22	sector	sector	NOUN
framr-1715	29	23	,	,	PUNCT
framr-1715	29	24	which	which	PRON
framr-1715	29	25	is	be	AUX
framr-1715	29	26	popularly	popularly	ADV
framr-1715	29	27	known	know	VERB
framr-1715	29	28	as	as	ADP
framr-1715	29	29	consumer	consumer	NOUN
framr-1715	29	30	packaged	package	VERB
framr-1715	29	31	goods	good	NOUN
framr-1715	29	32	sector	sector	NOUN
framr-1715	29	33	.	.	PUNCT
framr-1715	30	1	items	item	NOUN
framr-1715	30	2	in	in	ADP
framr-1715	30	3	this	this	DET
framr-1715	30	4	category	category	NOUN
framr-1715	30	5	include	include	VERB
framr-1715	30	6	all	all	DET
framr-1715	30	7	consumables	consumable	NOUN
framr-1715	30	8	(	(	PUNCT
framr-1715	30	9	other	other	ADJ
framr-1715	30	10	than	than	ADP
framr-1715	30	11	groceries	grocery	NOUN
framr-1715	30	12	/	/	SYM
framr-1715	30	13	pulses	pulse	NOUN
framr-1715	30	14	)	)	PUNCT
framr-1715	30	15	that	that	PRON
framr-1715	30	16	people	people	NOUN
framr-1715	30	17	buy	buy	VERB
framr-1715	30	18	at	at	ADP
framr-1715	30	19	regular	regular	ADJ
framr-1715	30	20	intervals	interval	NOUN
framr-1715	30	21	.	.	PUNCT
framr-1715	31	1	the	the	DET
framr-1715	31	2	most	most	ADV
framr-1715	31	3	common	common	ADJ
framr-1715	31	4	products	product	NOUN
framr-1715	31	5	in	in	ADP
framr-1715	31	6	the	the	DET
framr-1715	31	7	list	list	NOUN
framr-1715	31	8	are	be	AUX
framr-1715	31	9	toilet	toilet	NOUN
framr-1715	31	10	soaps	soap	NOUN
framr-1715	31	11	,	,	PUNCT
framr-1715	31	12	detergents	detergent	NOUN
framr-1715	31	13	,	,	PUNCT
framr-1715	31	14	shampoos	shampoo	NOUN
framr-1715	31	15	,	,	PUNCT
framr-1715	31	16	toothpaste	toothpaste	NOUN
framr-1715	31	17	,	,	PUNCT
framr-1715	31	18	shaving	shaving	NOUN
framr-1715	31	19	products	product	NOUN
framr-1715	31	20	,	,	PUNCT
framr-1715	31	21	shoe	shoe	NOUN
framr-1715	31	22	polish	polish	NOUN
framr-1715	31	23	,	,	PUNCT
framr-1715	31	24	packaged	package	VERB
framr-1715	31	25	foodstuff	foodstuff	NOUN
framr-1715	31	26	,	,	PUNCT
framr-1715	31	27	and	and	CCONJ
framr-1715	31	28	household	household	NOUN
framr-1715	31	29	accessories	accessory	NOUN
framr-1715	31	30	and	and	CCONJ
framr-1715	31	31	the	the	DET
framr-1715	31	32	list	list	NOUN
framr-1715	31	33	extends	extend	VERB
framr-1715	31	34	to	to	ADP
framr-1715	31	35	certain	certain	ADJ
framr-1715	31	36	electronic	electronic	ADJ
framr-1715	31	37	goods	good	NOUN
framr-1715	31	38	also	also	ADV
framr-1715	31	39	.	.	PUNCT
framr-1715	32	1	1.1	1.1	NUM
framr-1715	32	2	.	.	PUNCT
framr-1715	33	1	fmcg	fmcg	NOUN
framr-1715	33	2	sector	sector	NOUN
framr-1715	33	3	in	in	ADP
framr-1715	33	4	india	india	PROPN
framr-1715	33	5	the	the	DET
framr-1715	33	6	indian	indian	ADJ
framr-1715	33	7	fmcg	fmcg	NOUN
framr-1715	33	8	sector	sector	NOUN
framr-1715	33	9	is	be	AUX
framr-1715	33	10	the	the	DET
framr-1715	33	11	fourth	fourth	ADV
framr-1715	33	12	largest	large	ADJ
framr-1715	33	13	sector	sector	NOUN
framr-1715	33	14	in	in	ADP
framr-1715	33	15	the	the	DET
framr-1715	33	16	country	country	NOUN
framr-1715	33	17	with	with	ADP
framr-1715	33	18	a	a	DET
framr-1715	33	19	total	total	ADJ
framr-1715	33	20	market	market	NOUN
framr-1715	33	21	size	size	NOUN
framr-1715	33	22	in	in	ADP
framr-1715	33	23	excess	excess	NOUN
framr-1715	33	24	of	of	ADP
framr-1715	33	25	us$	us$	SYM
framr-1715	33	26	13.1	13.1	NUM
framr-1715	33	27	billion	billion	NUM
framr-1715	33	28	.	.	PUNCT
framr-1715	34	1	it	it	PRON
framr-1715	34	2	has	have	VERB
framr-1715	34	3	a	a	DET
framr-1715	34	4	strong	strong	ADJ
framr-1715	34	5	multinational	multinational	ADJ
framr-1715	34	6	companies	company	NOUN
framr-1715	34	7	(	(	PUNCT
framr-1715	34	8	mnc	mnc	PROPN
framr-1715	34	9	)	)	PUNCT
framr-1715	34	10	presence	presence	NOUN
framr-1715	34	11	and	and	CCONJ
framr-1715	34	12	is	be	AUX
framr-1715	34	13	characterized	characterize	VERB
framr-1715	34	14	by	by	ADP
framr-1715	34	15	a	a	DET
framr-1715	34	16	well	well	ADV
framr-1715	34	17	established	establish	VERB
framr-1715	34	18	distribution	distribution	NOUN
framr-1715	34	19	network	network	NOUN
framr-1715	34	20	,	,	PUNCT
framr-1715	34	21	intense	intense	ADJ
framr-1715	34	22	competition	competition	NOUN
framr-1715	34	23	between	between	ADP
framr-1715	34	24	the	the	DET
framr-1715	34	25	organized	organized	ADJ
framr-1715	34	26	and	and	CCONJ
framr-1715	34	27	unorganized	unorganized	ADJ
framr-1715	34	28	segments	segment	NOUN
framr-1715	34	29	and	and	CCONJ
framr-1715	34	30	low	low	ADJ
framr-1715	34	31	operational	operational	ADJ
framr-1715	34	32	cost	cost	NOUN
framr-1715	34	33	.	.	PUNCT
framr-1715	35	1	availability	availability	NOUN
framr-1715	35	2	of	of	ADP
framr-1715	35	3	key	key	ADJ
framr-1715	35	4	raw	raw	ADJ
framr-1715	35	5	materials	material	NOUN
framr-1715	35	6	,	,	PUNCT
framr-1715	35	7	cheaper	cheap	ADJ
framr-1715	35	8	labour	labour	NOUN
framr-1715	35	9	costs	cost	NOUN
framr-1715	35	10	and	and	CCONJ
framr-1715	35	11	presence	presence	NOUN
framr-1715	35	12	across	across	ADP
framr-1715	35	13	the	the	DET
framr-1715	35	14	entire	entire	ADJ
framr-1715	35	15	value	value	NOUN
framr-1715	35	16	chain	chain	NOUN
framr-1715	35	17	gives	give	VERB
framr-1715	35	18	india	india	PROPN
framr-1715	35	19	a	a	DET
framr-1715	35	20	competitive	competitive	ADJ
framr-1715	35	21	advantage	advantage	NOUN
framr-1715	35	22	.	.	PUNCT
framr-1715	36	1	the	the	DET
framr-1715	36	2	fmcg	fmcg	NOUN
framr-1715	36	3	sector	sector	NOUN
framr-1715	36	4	is	be	AUX
framr-1715	36	5	flooded	flood	VERB
framr-1715	36	6	by	by	ADP
framr-1715	36	7	firms	firm	NOUN
framr-1715	36	8	from	from	ADP
framr-1715	36	9	india	india	PROPN
framr-1715	36	10	and	and	CCONJ
framr-1715	36	11	abroad	abroad	ADV
framr-1715	36	12	and	and	CCONJ
framr-1715	36	13	in	in	ADP
framr-1715	36	14	future	future	NOUN
framr-1715	36	15	,	,	PUNCT
framr-1715	36	16	the	the	DET
framr-1715	36	17	level	level	NOUN
framr-1715	36	18	of	of	ADP
framr-1715	36	19	competition	competition	NOUN
framr-1715	36	20	would	would	AUX
framr-1715	36	21	increase	increase	VERB
framr-1715	36	22	further	far	ADV
framr-1715	36	23	.	.	PUNCT
framr-1715	37	1	moreover	moreover	ADV
framr-1715	37	2	the	the	DET
framr-1715	37	3	gdp	gdp	NOUN
framr-1715	37	4	in	in	ADP
framr-1715	37	5	indian	indian	ADJ
framr-1715	37	6	economy	economy	NOUN
framr-1715	37	7	is	be	AUX
framr-1715	37	8	increasing	increase	VERB
framr-1715	37	9	every	every	DET
framr-1715	37	10	year	year	NOUN
framr-1715	37	11	therefore	therefore	ADV
framr-1715	37	12	per	per	ADP
framr-1715	37	13	capita	capita	NOUN
framr-1715	37	14	income	income	NOUN
framr-1715	37	15	increases	increase	NOUN
framr-1715	37	16	and	and	CCONJ
framr-1715	37	17	hence	hence	ADV
framr-1715	37	18	there	there	PRON
framr-1715	37	19	is	be	VERB
framr-1715	37	20	a	a	DET
framr-1715	37	21	scope	scope	NOUN
framr-1715	37	22	for	for	ADP
framr-1715	37	23	further	further	ADJ
framr-1715	37	24	development	development	NOUN
framr-1715	37	25	.	.	PUNCT
framr-1715	38	1	at	at	ADP
framr-1715	38	2	financial	financial	ADJ
framr-1715	38	3	risk	risk	NOUN
framr-1715	38	4	and	and	CCONJ
framr-1715	38	5	management	management	NOUN
framr-1715	38	6	reviews	review	NOUN
framr-1715	38	7	,	,	PUNCT
framr-1715	38	8	2015	2015	NUM
framr-1715	38	9	,	,	PUNCT
framr-1715	38	10	1(1):8	1(1):8	PROPN
framr-1715	38	11	-	-	SYM
framr-1715	38	12	26	26	NUM
framr-1715	38	13	10	10	NUM
framr-1715	38	14	©	©	PROPN
framr-1715	38	15	2015	2015	NUM
framr-1715	38	16	conscientia	conscientia	PROPN
framr-1715	38	17	beam	beam	PROPN
framr-1715	38	18	.	.	PUNCT
framr-1715	39	1	all	all	DET
framr-1715	39	2	rights	right	NOUN
framr-1715	39	3	reserved	reserve	VERB
framr-1715	39	4	.	.	PUNCT
framr-1715	40	1	present	present	VERB
framr-1715	40	2	large	large	ADJ
framr-1715	40	3	and	and	CCONJ
framr-1715	40	4	small	small	ADJ
framr-1715	40	5	firms	firm	NOUN
framr-1715	40	6	are	be	AUX
framr-1715	40	7	operating	operate	VERB
framr-1715	40	8	in	in	ADP
framr-1715	40	9	indian	indian	ADJ
framr-1715	40	10	fmcg	fmcg	NOUN
framr-1715	40	11	sector	sector	NOUN
framr-1715	40	12	.	.	PUNCT
framr-1715	41	1	for	for	ADP
framr-1715	41	2	the	the	DET
framr-1715	41	3	study	study	NOUN
framr-1715	41	4	purpose	purpose	NOUN
framr-1715	41	5	13	13	NUM
framr-1715	41	6	firms	firm	NOUN
framr-1715	41	7	are	be	AUX
framr-1715	41	8	selected	select	VERB
framr-1715	41	9	which	which	PRON
framr-1715	41	10	,	,	PUNCT
framr-1715	41	11	are	be	AUX
framr-1715	41	12	listed	list	VERB
framr-1715	41	13	on	on	ADP
framr-1715	41	14	nse	nse	NOUN
framr-1715	41	15	.	.	PUNCT
framr-1715	42	1	the	the	DET
framr-1715	42	2	fmcg	fmcg	NOUN
framr-1715	42	3	market	market	NOUN
framr-1715	42	4	is	be	AUX
framr-1715	42	5	set	set	VERB
framr-1715	42	6	to	to	PART
framr-1715	42	7	treble	treble	VERB
framr-1715	42	8	from	from	ADP
framr-1715	42	9	us$	us$	SYM
framr-1715	42	10	11.6	11.6	NUM
framr-1715	42	11	billion	billion	NUM
framr-1715	42	12	in	in	ADP
framr-1715	42	13	2003	2003	NUM
framr-1715	42	14	to	to	ADP
framr-1715	42	15	us$	us$	SYM
framr-1715	42	16	33.4	33.4	NUM
framr-1715	42	17	billion	billion	NUM
framr-1715	42	18	in	in	ADP
framr-1715	42	19	2015	2015	NUM
framr-1715	42	20	.	.	PUNCT
framr-1715	43	1	(	(	PUNCT
framr-1715	43	2	source	source	NOUN
framr-1715	43	3	:	:	PUNCT
framr-1715	43	4	building	build	VERB
framr-1715	43	5	business	business	NOUN
framr-1715	43	6	leadership	leadership	NOUN
framr-1715	43	7	/	/	SYM
framr-1715	43	8	confederation	confederation	NOUN
framr-1715	43	9	of	of	ADP
framr-1715	43	10	indian	indian	ADJ
framr-1715	43	11	industry	industry	NOUN
framr-1715	43	12	)	)	PUNCT
framr-1715	43	13	.	.	PUNCT
framr-1715	44	1	figure	figure	NOUN
framr-1715	44	2	-	-	PUNCT
framr-1715	44	3	a.	a.	NOUN
framr-1715	44	4	india	india	PROPN
framr-1715	44	5	:	:	PUNCT
framr-1715	44	6	gross	gross	ADJ
framr-1715	44	7	domestic	domestic	ADJ
framr-1715	44	8	product	product	NOUN
framr-1715	44	9	(	(	PUNCT
framr-1715	44	10	gdp	gdp	NOUN
framr-1715	44	11	)	)	PUNCT
framr-1715	44	12	growth	growth	NOUN
framr-1715	44	13	rate	rate	NOUN
framr-1715	44	14	from	from	ADP
framr-1715	44	15	2004	2004	NUM
framr-1715	44	16	to	to	ADP
framr-1715	44	17	2014	2014	NUM
framr-1715	44	18	(	(	PUNCT
framr-1715	44	19	in	in	ADP
framr-1715	44	20	percentage	percentage	NOUN
framr-1715	44	21	)	)	PUNCT
framr-1715	44	22	source	source	NOUN
framr-1715	44	23	:	:	PUNCT
framr-1715	44	24	imf	imf	PROPN
framr-1715	44	25	statista	statista	PROPN
framr-1715	44	26	2014	2014	NUM
framr-1715	44	27	figure	figure	NOUN
framr-1715	44	28	–	–	PUNCT
framr-1715	44	29	a	a	DET
framr-1715	44	30	depicts	depict	NOUN
framr-1715	44	31	the	the	DET
framr-1715	44	32	real	real	ADJ
framr-1715	44	33	gross	gross	ADJ
framr-1715	44	34	domestic	domestic	ADJ
framr-1715	44	35	product	product	NOUN
framr-1715	44	36	’s	’s	PART
framr-1715	44	37	(	(	PUNCT
framr-1715	44	38	gdp	gdp	NOUN
framr-1715	44	39	)	)	PUNCT
framr-1715	44	40	growth	growth	NOUN
framr-1715	44	41	rate	rate	NOUN
framr-1715	44	42	from	from	ADP
framr-1715	44	43	2004	2004	NUM
framr-1715	44	44	to	to	ADP
framr-1715	44	45	2014	2014	NUM
framr-1715	44	46	.	.	PUNCT
framr-1715	45	1	the	the	DET
framr-1715	45	2	gdp	gdp	NOUN
framr-1715	45	3	rate	rate	NOUN
framr-1715	45	4	has	have	AUX
framr-1715	45	5	decined	decine	VERB
framr-1715	45	6	to	to	ADP
framr-1715	45	7	6.9	6.9	NUM
framr-1715	45	8	%	%	NOUN
framr-1715	45	9	during	during	ADP
framr-1715	45	10	the	the	DET
framr-1715	45	11	period	period	NOUN
framr-1715	45	12	of	of	ADP
framr-1715	45	13	global	global	ADJ
framr-1715	45	14	financial	financial	ADJ
framr-1715	45	15	melt	melt	NOUN
framr-1715	45	16	down	down	ADP
framr-1715	45	17	i.e.	i.e.	ADV
framr-1715	45	18	during	during	ADP
framr-1715	45	19	2008	2008	NUM
framr-1715	45	20	09	09	NUM
framr-1715	45	21	.	.	PUNCT
framr-1715	46	1	so	so	ADV
framr-1715	46	2	,	,	PUNCT
framr-1715	46	3	the	the	DET
framr-1715	46	4	study	study	NOUN
framr-1715	46	5	attempts	attempt	VERB
framr-1715	46	6	to	to	PART
framr-1715	46	7	find	find	VERB
framr-1715	46	8	out	out	ADP
framr-1715	46	9	the	the	DET
framr-1715	46	10	shift	shift	NOUN
framr-1715	46	11	-	-	PUNCT
framr-1715	46	12	in	in	ADP
framr-1715	46	13	-	-	PUNCT
framr-1715	46	14	structure	structure	NOUN
framr-1715	46	15	in	in	ADP
framr-1715	46	16	terms	term	NOUN
framr-1715	46	17	of	of	ADP
framr-1715	46	18	dp	dp	NOUN
framr-1715	46	19	on	on	ADP
framr-1715	46	20	sw	sw	PROPN
framr-1715	46	21	.	.	PUNCT
framr-1715	47	1	for	for	ADP
framr-1715	47	2	this	this	DET
framr-1715	47	3	purpose	purpose	NOUN
framr-1715	47	4	,	,	PUNCT
framr-1715	47	5	the	the	DET
framr-1715	47	6	period	period	NOUN
framr-1715	47	7	of	of	ADP
framr-1715	47	8	the	the	DET
framr-1715	47	9	study	study	NOUN
framr-1715	47	10	is	be	AUX
framr-1715	47	11	divided	divide	VERB
framr-1715	47	12	into	into	ADP
framr-1715	47	13	two	two	NUM
framr-1715	47	14	sub	sub	ADJ
framr-1715	47	15	-	-	ADJ
framr-1715	47	16	periods	period	NOUN
framr-1715	47	17	viz	viz	PROPN
framr-1715	47	18	.	.	PUNCT
framr-1715	47	19	,	,	PUNCT
framr-1715	47	20	before	before	ADP
framr-1715	47	21	financial	financial	ADJ
framr-1715	47	22	melt	melt	NOUN
framr-1715	47	23	down	down	ADP
framr-1715	47	24	i.e.	i.e.	ADV
framr-1715	47	25	,	,	PUNCT
framr-1715	47	26	from	from	ADP
framr-1715	47	27	2003	2003	NUM
framr-1715	47	28	–	–	PUNCT
framr-1715	47	29	2007	2007	NUM
framr-1715	47	30	and	and	CCONJ
framr-1715	47	31	after	after	ADP
framr-1715	47	32	global	global	ADJ
framr-1715	47	33	financial	financial	ADJ
framr-1715	47	34	melt	melt	NOUN
framr-1715	47	35	down	down	ADP
framr-1715	47	36	i.e.	i.e.	ADV
framr-1715	47	37	,	,	PUNCT
framr-1715	47	38	from	from	ADP
framr-1715	47	39	2009	2009	NUM
framr-1715	47	40	–	–	PUNCT
framr-1715	47	41	2013	2013	NUM
framr-1715	47	42	.	.	PUNCT
framr-1715	48	1	1.2	1.2	NUM
framr-1715	48	2	.	.	PUNCT
framr-1715	49	1	industry	industry	NOUN
framr-1715	49	2	wise	wise	ADJ
framr-1715	49	3	impact	impact	NOUN
framr-1715	49	4	figure	figure	NOUN
framr-1715	49	5	–	–	PUNCT
framr-1715	49	6	b	b	NOUN
framr-1715	49	7	depicts	depict	VERB
framr-1715	49	8	the	the	DET
framr-1715	49	9	industry	industry	NOUN
framr-1715	49	10	wise	wise	ADJ
framr-1715	49	11	impact	impact	NOUN
framr-1715	49	12	of	of	ADP
framr-1715	49	13	global	global	ADJ
framr-1715	49	14	financial	financial	ADJ
framr-1715	49	15	melt	melt	NOUN
framr-1715	49	16	down	down	ADP
framr-1715	49	17	.	.	PUNCT
framr-1715	50	1	it	it	PRON
framr-1715	50	2	is	be	AUX
framr-1715	50	3	inferred	infer	VERB
framr-1715	50	4	that	that	SCONJ
framr-1715	50	5	almost	almost	ADV
framr-1715	50	6	all	all	DET
framr-1715	50	7	key	key	ADJ
framr-1715	50	8	industries	industry	NOUN
framr-1715	50	9	in	in	ADP
framr-1715	50	10	india	india	PROPN
framr-1715	50	11	have	have	AUX
framr-1715	50	12	been	be	AUX
framr-1715	50	13	negatively	negatively	ADV
framr-1715	50	14	impacted	impact	VERB
framr-1715	50	15	by	by	ADP
framr-1715	50	16	global	global	ADJ
framr-1715	50	17	financial	financial	ADJ
framr-1715	50	18	melt	melt	NOUN
framr-1715	50	19	down	down	ADP
framr-1715	50	20	and	and	CCONJ
framr-1715	50	21	the	the	DET
framr-1715	50	22	fmcg	fmcg	NOUN
framr-1715	50	23	sector	sector	NOUN
framr-1715	50	24	is	be	AUX
framr-1715	50	25	of	of	ADP
framr-1715	50	26	no	no	DET
framr-1715	50	27	exception	exception	NOUN
framr-1715	50	28	.	.	PUNCT
framr-1715	51	1	in	in	ADP
framr-1715	51	2	that	that	PRON
framr-1715	51	3	,	,	PUNCT
framr-1715	51	4	fmcg	fmcg	NOUN
framr-1715	51	5	firms	firm	NOUN
framr-1715	51	6	have	have	AUX
framr-1715	51	7	registered	register	VERB
framr-1715	51	8	an	an	DET
framr-1715	51	9	average	average	ADJ
framr-1715	51	10	growth	growth	NOUN
framr-1715	51	11	score	score	NOUN
framr-1715	51	12	i.e.	i.e.	X
framr-1715	51	13	21	21	NUM
framr-1715	51	14	,	,	PUNCT
framr-1715	51	15	which	which	PRON
framr-1715	51	16	indicates	indicate	VERB
framr-1715	51	17	moderate	moderate	ADJ
framr-1715	51	18	impact	impact	NOUN
framr-1715	51	19	of	of	ADP
framr-1715	51	20	global	global	ADJ
framr-1715	51	21	financial	financial	ADJ
framr-1715	51	22	melt	melt	NOUN
framr-1715	51	23	down	down	ADP
framr-1715	51	24	.	.	PUNCT
framr-1715	52	1	financial	financial	ADJ
framr-1715	52	2	risk	risk	NOUN
framr-1715	52	3	and	and	CCONJ
framr-1715	52	4	management	management	NOUN
framr-1715	52	5	reviews	review	NOUN
framr-1715	52	6	,	,	PUNCT
framr-1715	52	7	2015	2015	NUM
framr-1715	52	8	,	,	PUNCT
framr-1715	52	9	1(1):8	1(1):8	PROPN
framr-1715	52	10	-	-	SYM
framr-1715	52	11	26	26	NUM
framr-1715	52	12	11	11	NUM
framr-1715	52	13	©	©	PROPN
framr-1715	52	14	2015	2015	NUM
framr-1715	52	15	conscientia	conscientia	PROPN
framr-1715	52	16	beam	beam	PROPN
framr-1715	52	17	.	.	PUNCT
framr-1715	53	1	all	all	DET
framr-1715	53	2	rights	right	NOUN
framr-1715	53	3	reserved	reserve	VERB
framr-1715	53	4	.	.	PUNCT
framr-1715	54	1	figure	figure	NOUN
framr-1715	54	2	-	-	PUNCT
framr-1715	54	3	b.	b.	NOUN
framr-1715	54	4	industry	industry	NOUN
framr-1715	54	5	wise	wise	ADJ
framr-1715	54	6	impact	impact	NOUN
framr-1715	54	7	on	on	ADP
framr-1715	54	8	global	global	ADJ
framr-1715	54	9	financial	financial	ADJ
framr-1715	54	10	melt	melt	NOUN
framr-1715	54	11	down	down	ADP
framr-1715	54	12	chart	chart	NOUN
framr-1715	54	13	during	during	ADP
framr-1715	54	14	the	the	DET
framr-1715	54	15	year	year	NOUN
framr-1715	54	16	2008	2008	NUM
framr-1715	54	17	(	(	PUNCT
framr-1715	54	18	in	in	ADP
framr-1715	54	19	crore	crore	NOUN
framr-1715	54	20	)	)	PUNCT
framr-1715	54	21	source	source	NOUN
framr-1715	54	22	:	:	PUNCT
framr-1715	54	23	cartesian	cartesian	ADJ
framr-1715	54	24	economic	economic	ADJ
framr-1715	54	25	meltdown	meltdown	NOUN
framr-1715	54	26	survey	survey	NOUN
framr-1715	54	27	,	,	PUNCT
framr-1715	54	28	december	december	PROPN
framr-1715	54	29	2008	2008	NUM
framr-1715	54	30	.	.	PUNCT
framr-1715	55	1	an	an	DET
framr-1715	55	2	impact	impact	NOUN
framr-1715	55	3	score	score	NOUN
framr-1715	55	4	of	of	ADP
framr-1715	55	5	0	0	NUM
framr-1715	55	6	–	–	PUNCT
framr-1715	55	7	15	15	NUM
framr-1715	55	8	indicates	indicate	VERB
framr-1715	55	9	low	low	ADJ
framr-1715	55	10	impact	impact	NOUN
framr-1715	55	11	an	an	DET
framr-1715	55	12	impact	impact	NOUN
framr-1715	55	13	score	score	NOUN
framr-1715	55	14	of	of	ADP
framr-1715	55	15	16	16	NUM
framr-1715	55	16	–	–	PUNCT
framr-1715	55	17	50	50	NUM
framr-1715	55	18	indicates	indicate	VERB
framr-1715	55	19	moderate	moderate	ADJ
framr-1715	55	20	impact	impact	NOUN
framr-1715	55	21	an	an	DET
framr-1715	55	22	impact	impact	NOUN
framr-1715	55	23	score	score	NOUN
framr-1715	55	24	of	of	ADP
framr-1715	55	25	more	more	ADJ
framr-1715	55	26	than	than	ADP
framr-1715	55	27	50	50	NUM
framr-1715	55	28	indicates	indicate	VERB
framr-1715	55	29	high	high	ADJ
framr-1715	55	30	impact	impact	NOUN
framr-1715	55	31	hence	hence	ADV
framr-1715	55	32	,	,	PUNCT
framr-1715	55	33	the	the	DET
framr-1715	55	34	present	present	ADJ
framr-1715	55	35	paper	paper	NOUN
framr-1715	55	36	is	be	AUX
framr-1715	55	37	to	to	PART
framr-1715	55	38	analyze	analyze	VERB
framr-1715	55	39	the	the	DET
framr-1715	55	40	financial	financial	ADJ
framr-1715	55	41	data	datum	NOUN
framr-1715	55	42	of	of	ADP
framr-1715	55	43	13	13	NUM
framr-1715	55	44	fmcg	fmcg	NOUN
framr-1715	55	45	firms	firm	NOUN
framr-1715	55	46	for	for	ADP
framr-1715	55	47	the	the	DET
framr-1715	55	48	financial	financial	ADJ
framr-1715	55	49	data	datum	NOUN
framr-1715	55	50	pertaining	pertain	VERB
framr-1715	55	51	to	to	ADP
framr-1715	55	52	the	the	DET
framr-1715	55	53	years	year	NOUN
framr-1715	55	54	ranging	range	VERB
framr-1715	55	55	from	from	ADP
framr-1715	55	56	2003	2003	NUM
framr-1715	55	57	2007	2007	NUM
framr-1715	55	58	for	for	ADP
framr-1715	55	59	before	before	ADP
framr-1715	55	60	global	global	ADJ
framr-1715	55	61	financial	financial	ADJ
framr-1715	55	62	melt	melt	NOUN
framr-1715	55	63	down	down	ADP
framr-1715	55	64	and	and	CCONJ
framr-1715	55	65	from	from	ADP
framr-1715	55	66	2009	2009	NUM
framr-1715	55	67	–	–	PUNCT
framr-1715	55	68	2013	2013	NUM
framr-1715	55	69	for	for	ADP
framr-1715	55	70	after	after	ADP
framr-1715	55	71	global	global	ADJ
framr-1715	55	72	financial	financial	ADJ
framr-1715	55	73	melt	melt	NOUN
framr-1715	55	74	down	down	ADP
framr-1715	55	75	,	,	PUNCT
framr-1715	55	76	which	which	PRON
framr-1715	55	77	are	be	AUX
framr-1715	55	78	selected	select	VERB
framr-1715	55	79	based	base	VERB
framr-1715	55	80	on	on	ADP
framr-1715	55	81	multi	multi	ADJ
framr-1715	55	82	stage	stage	NOUN
framr-1715	55	83	non	non	ADJ
framr-1715	55	84	-	-	ADJ
framr-1715	55	85	random	random	ADJ
framr-1715	55	86	sampling	sampling	NOUN
framr-1715	55	87	technique	technique	NOUN
framr-1715	55	88	,	,	PUNCT
framr-1715	55	89	focusing	focus	VERB
framr-1715	55	90	on	on	ADP
framr-1715	55	91	estimating	estimate	VERB
framr-1715	55	92	the	the	DET
framr-1715	55	93	impact	impact	NOUN
framr-1715	55	94	of	of	ADP
framr-1715	55	95	financial	financial	ADJ
framr-1715	55	96	variables	variable	NOUN
framr-1715	55	97	viz	viz	PROPN
framr-1715	55	98	.	.	PROPN
framr-1715	55	99	,	,	PUNCT
framr-1715	55	100	dps	dps	PROPN
framr-1715	55	101	,	,	PUNCT
framr-1715	55	102	rps	rps	PROPN
framr-1715	55	103	,	,	PUNCT
framr-1715	55	104	per	per	ADP
framr-1715	55	105	,	,	PUNCT
framr-1715	55	106	lagper	lagper	NOUN
framr-1715	55	107	,	,	PUNCT
framr-1715	55	108	ear	ear	NOUN
framr-1715	55	109	,	,	PUNCT
framr-1715	55	110	lagmps	lagmp	VERB
framr-1715	55	111	on	on	ADP
framr-1715	55	112	sw	sw	PROPN
framr-1715	55	113	(	(	PUNCT
framr-1715	55	114	eps	eps	PROPN
framr-1715	55	115	)	)	PUNCT
framr-1715	55	116	of	of	ADP
framr-1715	55	117	fmcg	fmcg	NOUN
framr-1715	55	118	sector	sector	NOUN
framr-1715	55	119	in	in	ADP
framr-1715	55	120	india	india	PROPN
framr-1715	55	121	.	.	PUNCT
framr-1715	56	1	2	2	X
framr-1715	56	2	.	.	X
framr-1715	56	3	review	review	NOUN
framr-1715	56	4	of	of	ADP
framr-1715	56	5	literature	literature	NOUN
framr-1715	56	6	several	several	ADJ
framr-1715	56	7	studies	study	NOUN
framr-1715	56	8	were	be	AUX
framr-1715	56	9	made	make	VERB
framr-1715	56	10	in	in	ADP
framr-1715	56	11	relation	relation	NOUN
framr-1715	56	12	to	to	PART
framr-1715	56	13	dividend	dividend	VERB
framr-1715	56	14	policy	policy	NOUN
framr-1715	56	15	(	(	PUNCT
framr-1715	56	16	dp	dp	NOUN
framr-1715	56	17	)	)	PUNCT
framr-1715	56	18	and	and	CCONJ
framr-1715	56	19	shareholders	shareholder	NOUN
framr-1715	56	20	’	'	PUNCT
framr-1715	56	21	wealth	wealth	NOUN
framr-1715	56	22	(	(	PUNCT
framr-1715	56	23	sw	sw	PROPN
framr-1715	56	24	)	)	PUNCT
framr-1715	56	25	in	in	ADP
framr-1715	56	26	the	the	DET
framr-1715	56	27	developed	develop	VERB
framr-1715	56	28	as	as	ADV
framr-1715	56	29	well	well	ADV
framr-1715	56	30	as	as	ADP
framr-1715	56	31	in	in	ADP
framr-1715	56	32	the	the	DET
framr-1715	56	33	developing	develop	VERB
framr-1715	56	34	countries	country	NOUN
framr-1715	56	35	.	.	PUNCT
framr-1715	57	1	olandipupo	olandipupo	PROPN
framr-1715	57	2	and	and	CCONJ
framr-1715	57	3	okafor	okafor	PROPN
framr-1715	57	4	(	(	PUNCT
framr-1715	57	5	2011	2011	NUM
framr-1715	57	6	)	)	PUNCT
framr-1715	57	7	,	,	PUNCT
framr-1715	57	8	devaki	devaki	NOUN
framr-1715	57	9	and	and	CCONJ
framr-1715	57	10	kamalaveni	kamalaveni	NOUN
framr-1715	57	11	(	(	PUNCT
framr-1715	57	12	2012	2012	NUM
framr-1715	57	13	)	)	PUNCT
framr-1715	57	14	,	,	PUNCT
framr-1715	57	15	gul	gul	PROPN
framr-1715	57	16	et	et	PROPN
framr-1715	57	17	al	al	PROPN
framr-1715	57	18	.	.	PROPN
framr-1715	58	1	(	(	PUNCT
framr-1715	58	2	2012	2012	NUM
framr-1715	58	3	)	)	PUNCT
framr-1715	58	4	,	,	PUNCT
framr-1715	58	5	onwumere	onwumere	ADV
framr-1715	58	6	et	et	PROPN
framr-1715	58	7	al	al	PROPN
framr-1715	58	8	.	.	PROPN
framr-1715	59	1	(	(	PUNCT
framr-1715	59	2	2012	2012	NUM
framr-1715	59	3	)	)	PUNCT
framr-1715	59	4	,	,	PUNCT
framr-1715	59	5	salman	salman	PROPN
framr-1715	59	6	(	(	PUNCT
framr-1715	59	7	2013	2013	NUM
framr-1715	59	8	)	)	PUNCT
framr-1715	59	9	,	,	PUNCT
framr-1715	59	10	bawa	bawa	PROPN
framr-1715	59	11	and	and	CCONJ
framr-1715	59	12	kaur	kaur	PROPN
framr-1715	59	13	(	(	PUNCT
framr-1715	59	14	2013	2013	NUM
framr-1715	59	15	)	)	PUNCT
framr-1715	59	16	,	,	PUNCT
framr-1715	59	17	azhagaiah	azhagaiah	NOUN
framr-1715	59	18	and	and	CCONJ
framr-1715	59	19	sabaripriya	sabaripriya	PROPN
framr-1715	59	20	(	(	PUNCT
framr-1715	59	21	2008	2008	NUM
framr-1715	59	22	)	)	PUNCT
framr-1715	59	23	,	,	PUNCT
framr-1715	59	24	tahir	tahir	PROPN
framr-1715	59	25	and	and	CCONJ
framr-1715	59	26	raja	raja	PROPN
framr-1715	59	27	(	(	PUNCT
framr-1715	59	28	2014	2014	NUM
framr-1715	59	29	)	)	PUNCT
framr-1715	59	30	,	,	PUNCT
framr-1715	59	31	atiyet	atiyet	ADV
framr-1715	59	32	(	(	PUNCT
framr-1715	59	33	2012	2012	NUM
framr-1715	59	34	)	)	PUNCT
framr-1715	59	35	,	,	PUNCT
framr-1715	59	36	chidinma	chidinma	PROPN
framr-1715	59	37	et	et	PROPN
framr-1715	59	38	al	al	PROPN
framr-1715	59	39	.	.	PROPN
framr-1715	60	1	(	(	PUNCT
framr-1715	60	2	2013	2013	NUM
framr-1715	60	3	)	)	PUNCT
framr-1715	60	4	,	,	PUNCT
framr-1715	60	5	kumaresan	kumaresan	X
framr-1715	60	6	(	(	PUNCT
framr-1715	60	7	2014	2014	NUM
framr-1715	60	8	)	)	PUNCT
framr-1715	60	9	,	,	PUNCT
framr-1715	60	10	uwuigbe	uwuigbe	NOUN
framr-1715	60	11	et	et	PROPN
framr-1715	60	12	al	al	PROPN
framr-1715	60	13	.	.	PROPN
framr-1715	61	1	(	(	PUNCT
framr-1715	61	2	2012	2012	NUM
framr-1715	61	3	)	)	PUNCT
framr-1715	61	4	and	and	CCONJ
framr-1715	61	5	parua	parua	NOUN
framr-1715	61	6	and	and	CCONJ
framr-1715	61	7	gupta	gupta	PROPN
framr-1715	61	8	(	(	PUNCT
framr-1715	61	9	2009	2009	NUM
framr-1715	61	10	)	)	PUNCT
framr-1715	61	11	investigated	investigate	VERB
framr-1715	61	12	the	the	DET
framr-1715	61	13	impact	impact	NOUN
framr-1715	61	14	of	of	ADP
framr-1715	61	15	dp	dp	NOUN
framr-1715	61	16	on	on	ADP
framr-1715	61	17	sw	sw	NOUN
framr-1715	61	18	applying	apply	VERB
framr-1715	61	19	ols	ol	NOUN
framr-1715	61	20	method	method	NOUN
framr-1715	61	21	of	of	ADP
framr-1715	61	22	regression	regression	NOUN
framr-1715	61	23	.	.	PUNCT
framr-1715	62	1	azhagaiah	azhagaiah	PROPN
framr-1715	62	2	and	and	CCONJ
framr-1715	62	3	veeramuthu	veeramuthu	PROPN
framr-1715	62	4	(	(	PUNCT
framr-1715	62	5	2010	2010	NUM
framr-1715	62	6	)	)	PUNCT
framr-1715	62	7	analysed	analyse	VERB
framr-1715	62	8	the	the	DET
framr-1715	62	9	impact	impact	NOUN
framr-1715	62	10	of	of	ADP
framr-1715	62	11	firm	firm	ADJ
framr-1715	62	12	size	size	NOUN
framr-1715	62	13	on	on	ADP
framr-1715	62	14	dividend	dividend	NOUN
framr-1715	62	15	behavior	behavior	NOUN
framr-1715	62	16	with	with	ADP
framr-1715	62	17	the	the	DET
framr-1715	62	18	help	help	NOUN
framr-1715	62	19	of	of	ADP
framr-1715	62	20	chow	chow	NOUN
framr-1715	62	21	-	-	PUNCT
framr-1715	62	22	test	test	NOUN
framr-1715	62	23	.	.	PUNCT
framr-1715	63	1	rafique	rafique	PROPN
framr-1715	63	2	(	(	PUNCT
framr-1715	63	3	2012	2012	NUM
framr-1715	63	4	)	)	PUNCT
framr-1715	63	5	examined	examine	VERB
framr-1715	63	6	the	the	DET
framr-1715	63	7	factors	factor	NOUN
framr-1715	63	8	affecting	affect	VERB
framr-1715	63	9	dp	dp	NOUN
framr-1715	63	10	using	use	VERB
framr-1715	63	11	multiple	multiple	ADJ
framr-1715	63	12	regression	regression	NOUN
framr-1715	63	13	and	and	CCONJ
framr-1715	63	14	the	the	DET
framr-1715	63	15	study	study	NOUN
framr-1715	63	16	found	find	VERB
framr-1715	63	17	that	that	SCONJ
framr-1715	63	18	dp	dp	NOUN
framr-1715	63	19	has	have	AUX
framr-1715	63	20	significantly	significantly	ADV
framr-1715	63	21	influenced	influence	VERB
framr-1715	63	22	sw	sw	PROPN
framr-1715	63	23	.	.	PUNCT
framr-1715	64	1	researchers	researcher	NOUN
framr-1715	64	2	have	have	AUX
framr-1715	64	3	used	use	VERB
framr-1715	64	4	regression	regression	NOUN
framr-1715	64	5	,	,	PUNCT
framr-1715	64	6	independent	independent	ADJ
framr-1715	64	7	sample	sample	NOUN
framr-1715	64	8	t	t	NOUN
framr-1715	64	9	-	-	PUNCT
framr-1715	64	10	test	test	NOUN
framr-1715	64	11	,	,	PUNCT
framr-1715	64	12	correlation	correlation	NOUN
framr-1715	64	13	,	,	PUNCT
framr-1715	64	14	granger	granger	PROPN
framr-1715	64	15	causality	causality	PROPN
framr-1715	64	16	test	test	NOUN
framr-1715	64	17	,	,	PUNCT
framr-1715	64	18	adf	adf	PROPN
framr-1715	64	19	,	,	PUNCT
framr-1715	64	20	and	and	CCONJ
framr-1715	64	21	white	white	ADJ
framr-1715	64	22	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	64	23	test	test	NOUN
framr-1715	64	24	to	to	PART
framr-1715	64	25	study	study	VERB
framr-1715	64	26	the	the	DET
framr-1715	64	27	impact	impact	NOUN
framr-1715	64	28	of	of	ADP
framr-1715	64	29	the	the	DET
framr-1715	64	30	dp	dp	NOUN
framr-1715	64	31	on	on	ADP
framr-1715	64	32	sw	sw	PROPN
framr-1715	64	33	.	.	PROPN
framr-1715	64	34	olandipupo	olandipupo	PROPN
framr-1715	64	35	and	and	CCONJ
framr-1715	64	36	okafor	okafor	PROPN
framr-1715	64	37	(	(	PUNCT
framr-1715	64	38	2011	2011	NUM
framr-1715	64	39	)	)	PUNCT
framr-1715	64	40	,	,	PUNCT
framr-1715	64	41	in	in	ADP
framr-1715	64	42	their	their	PRON
framr-1715	64	43	research	research	NOUN
framr-1715	64	44	work	work	NOUN
framr-1715	64	45	titled	title	VERB
framr-1715	64	46	“	"	PUNCT
framr-1715	64	47	control	control	NOUN
framr-1715	64	48	of	of	ADP
framr-1715	64	49	share	share	NOUN
framr-1715	64	50	wealth	wealth	NOUN
framr-1715	64	51	maximization	maximization	NOUN
framr-1715	64	52	in	in	ADP
framr-1715	64	53	nigeria	nigeria	PROPN
framr-1715	64	54	”	"	PUNCT
framr-1715	64	55	focused	focus	VERB
framr-1715	64	56	on	on	ADP
framr-1715	64	57	parties	party	NOUN
framr-1715	64	58	controlling	control	VERB
framr-1715	64	59	shareholders	shareholder	NOUN
framr-1715	64	60	’	’	PART
framr-1715	64	61	wealth	wealth	NOUN
framr-1715	64	62	maximization	maximization	NOUN
framr-1715	64	63	and	and	CCONJ
framr-1715	64	64	the	the	DET
framr-1715	64	65	ways	way	NOUN
framr-1715	64	66	it	it	PRON
framr-1715	64	67	affects	affect	VERB
framr-1715	64	68	the	the	DET
framr-1715	64	69	firm	firm	NOUN
framr-1715	64	70	’s	’s	PART
framr-1715	64	71	performance	performance	NOUN
framr-1715	64	72	.	.	PUNCT
framr-1715	65	1	the	the	DET
framr-1715	65	2	data	datum	NOUN
framr-1715	65	3	used	use	VERB
framr-1715	65	4	for	for	ADP
framr-1715	65	5	the	the	DET
framr-1715	65	6	study	study	NOUN
framr-1715	65	7	were	be	AUX
framr-1715	65	8	collected	collect	VERB
framr-1715	65	9	from	from	ADP
framr-1715	65	10	the	the	DET
framr-1715	65	11	nigerian	nigerian	ADJ
framr-1715	65	12	stock	stock	NOUN
framr-1715	65	13	exchange	exchange	PROPN
framr-1715	65	14	and	and	CCONJ
framr-1715	65	15	the	the	DET
framr-1715	65	16	annual	annual	ADJ
framr-1715	65	17	reports	report	NOUN
framr-1715	65	18	of	of	ADP
framr-1715	65	19	six	six	NUM
framr-1715	65	20	sample	sample	NOUN
framr-1715	65	21	firms	firm	NOUN
framr-1715	65	22	from	from	ADP
framr-1715	65	23	food	food	NOUN
framr-1715	65	24	/	/	SYM
framr-1715	65	25	tobacco	tobacco	NOUN
framr-1715	65	26	and	and	CCONJ
framr-1715	65	27	67	67	NUM
framr-1715	65	28	50	50	NUM
framr-1715	65	29	40	40	NUM
framr-1715	65	30	34	34	NUM
framr-1715	65	31	34	34	NUM
framr-1715	65	32	33	33	NUM
framr-1715	65	33	31	31	NUM
framr-1715	65	34	23	23	NUM
framr-1715	65	35	21	21	NUM
framr-1715	65	36	21	21	NUM
framr-1715	65	37	17	17	NUM
framr-1715	65	38	11	11	NUM
framr-1715	65	39	9	9	NUM
framr-1715	65	40	0	0	NUM
framr-1715	65	41	10	10	NUM
framr-1715	65	42	20	20	NUM
framr-1715	65	43	30	30	NUM
framr-1715	65	44	40	40	NUM
framr-1715	65	45	50	50	NUM
framr-1715	65	46	60	60	NUM
framr-1715	65	47	70	70	NUM
framr-1715	65	48	80	80	NUM
framr-1715	65	49	in	in	ADP
framr-1715	65	50	sector	sector	NOUN
framr-1715	65	51	financial	financial	ADJ
framr-1715	65	52	risk	risk	NOUN
framr-1715	65	53	and	and	CCONJ
framr-1715	65	54	management	management	NOUN
framr-1715	65	55	reviews	review	NOUN
framr-1715	65	56	,	,	PUNCT
framr-1715	65	57	2015	2015	NUM
framr-1715	65	58	,	,	PUNCT
framr-1715	65	59	1(1):8	1(1):8	PROPN
framr-1715	65	60	-	-	SYM
framr-1715	65	61	26	26	NUM
framr-1715	65	62	12	12	NUM
framr-1715	65	63	©	©	PROPN
framr-1715	65	64	2015	2015	NUM
framr-1715	65	65	conscientia	conscientia	PROPN
framr-1715	65	66	beam	beam	PROPN
framr-1715	65	67	.	.	PUNCT
framr-1715	66	1	all	all	DET
framr-1715	66	2	rights	right	NOUN
framr-1715	66	3	reserved	reserve	VERB
framr-1715	66	4	.	.	PUNCT
framr-1715	67	1	subsector	subsector	NOUN
framr-1715	67	2	for	for	ADP
framr-1715	67	3	20	20	NUM
framr-1715	67	4	years	year	NOUN
framr-1715	67	5	.	.	PUNCT
framr-1715	68	1	the	the	DET
framr-1715	68	2	data	datum	NOUN
framr-1715	68	3	collected	collect	VERB
framr-1715	68	4	were	be	AUX
framr-1715	68	5	analyzed	analyze	VERB
framr-1715	68	6	using	use	VERB
framr-1715	68	7	ordinary	ordinary	ADJ
framr-1715	68	8	least	least	ADJ
framr-1715	68	9	square	square	ADJ
framr-1715	68	10	(	(	PUNCT
framr-1715	68	11	ols	ol	NOUN
framr-1715	68	12	)	)	PUNCT
framr-1715	68	13	regression	regression	NOUN
framr-1715	68	14	,	,	PUNCT
framr-1715	68	15	autocorrelation	autocorrelation	NOUN
framr-1715	68	16	and	and	CCONJ
framr-1715	68	17	auto	auto	NOUN
framr-1715	68	18	regression	regression	NOUN
framr-1715	68	19	.	.	PUNCT
framr-1715	69	1	the	the	DET
framr-1715	69	2	study	study	NOUN
framr-1715	69	3	showed	show	VERB
framr-1715	69	4	that	that	SCONJ
framr-1715	69	5	all	all	DET
framr-1715	69	6	the	the	DET
framr-1715	69	7	predictor	predictor	NOUN
framr-1715	69	8	variables	variable	NOUN
framr-1715	69	9	provided	provide	VERB
framr-1715	69	10	good	good	ADJ
framr-1715	69	11	explanation	explanation	NOUN
framr-1715	69	12	.	.	PUNCT
framr-1715	70	1	the	the	DET
framr-1715	70	2	firm	firm	ADJ
framr-1715	70	3	size	size	NOUN
framr-1715	70	4	(	(	PUNCT
framr-1715	70	5	fs	fs	NOUN
framr-1715	70	6	)	)	PUNCT
framr-1715	70	7	and	and	CCONJ
framr-1715	70	8	retained	retain	VERB
framr-1715	70	9	earnings	earning	NOUN
framr-1715	70	10	(	(	PUNCT
framr-1715	70	11	re	re	NOUN
framr-1715	70	12	)	)	PUNCT
framr-1715	70	13	had	have	VERB
framr-1715	70	14	positive	positive	ADJ
framr-1715	70	15	relationship	relationship	NOUN
framr-1715	70	16	and	and	CCONJ
framr-1715	70	17	their	their	PRON
framr-1715	70	18	impact	impact	NOUN
framr-1715	70	19	was	be	AUX
framr-1715	70	20	proved	prove	VERB
framr-1715	70	21	statistically	statistically	ADV
framr-1715	70	22	significant	significant	ADJ
framr-1715	70	23	on	on	ADP
framr-1715	70	24	the	the	DET
framr-1715	70	25	shareholders	shareholder	NOUN
framr-1715	70	26	’	'	PUNCT
framr-1715	70	27	fund	fund	NOUN
framr-1715	70	28	,	,	PUNCT
framr-1715	70	29	while	while	SCONJ
framr-1715	70	30	dividend	dividend	NOUN
framr-1715	70	31	payment	payment	NOUN
framr-1715	70	32	had	have	VERB
framr-1715	70	33	negative	negative	ADJ
framr-1715	70	34	relationship	relationship	NOUN
framr-1715	70	35	with	with	ADP
framr-1715	70	36	the	the	DET
framr-1715	70	37	sw	sw	PROPN
framr-1715	70	38	.	.	PUNCT
framr-1715	71	1	however	however	ADV
framr-1715	71	2	,	,	PUNCT
framr-1715	71	3	turnover	turnover	NOUN
framr-1715	71	4	and	and	CCONJ
framr-1715	71	5	retained	retain	VERB
framr-1715	71	6	earnings	earning	NOUN
framr-1715	71	7	were	be	AUX
framr-1715	71	8	of	of	ADP
framr-1715	71	9	more	more	ADJ
framr-1715	71	10	significance	significance	NOUN
framr-1715	71	11	in	in	ADP
framr-1715	71	12	controlling	control	VERB
framr-1715	71	13	the	the	DET
framr-1715	71	14	shareholders	shareholder	NOUN
framr-1715	71	15	’	’	PART
framr-1715	71	16	wealth	wealth	NOUN
framr-1715	71	17	than	than	ADP
framr-1715	71	18	the	the	DET
framr-1715	71	19	dividend	dividend	NOUN
framr-1715	71	20	payout	payout	NOUN
framr-1715	71	21	.	.	PUNCT
framr-1715	72	1	devaki	devaki	NOUN
framr-1715	72	2	and	and	CCONJ
framr-1715	72	3	kamalaveni	kamalaveni	NOUN
framr-1715	72	4	(	(	PUNCT
framr-1715	72	5	2012	2012	NUM
framr-1715	72	6	)	)	PUNCT
framr-1715	72	7	,	,	PUNCT
framr-1715	72	8	in	in	ADP
framr-1715	72	9	their	their	PRON
framr-1715	72	10	paper	paper	NOUN
framr-1715	72	11	titled	title	VERB
framr-1715	72	12	“	"	PUNCT
framr-1715	72	13	shareholding	shareholding	NOUN
framr-1715	72	14	patterns	pattern	NOUN
framr-1715	72	15	and	and	CCONJ
framr-1715	72	16	dividend	dividend	NOUN
framr-1715	72	17	payout	payout	NOUN
framr-1715	72	18	:	:	PUNCT
framr-1715	72	19	an	an	DET
framr-1715	72	20	empirical	empirical	ADJ
framr-1715	72	21	analysis	analysis	NOUN
framr-1715	72	22	in	in	ADP
framr-1715	72	23	indian	indian	ADJ
framr-1715	72	24	corporate	corporate	ADJ
framr-1715	72	25	hotels	hotel	NOUN
framr-1715	72	26	”	"	PUNCT
framr-1715	72	27	examined	examine	VERB
framr-1715	72	28	the	the	DET
framr-1715	72	29	influence	influence	NOUN
framr-1715	72	30	of	of	ADP
framr-1715	72	31	shareholding	shareholding	NOUN
framr-1715	72	32	pattern	pattern	NOUN
framr-1715	72	33	of	of	ADP
framr-1715	72	34	the	the	DET
framr-1715	72	35	indian	indian	ADJ
framr-1715	72	36	corporate	corporate	ADJ
framr-1715	72	37	hotels	hotel	NOUN
framr-1715	72	38	.	.	PUNCT
framr-1715	73	1	data	datum	NOUN
framr-1715	73	2	were	be	AUX
framr-1715	73	3	collected	collect	VERB
framr-1715	73	4	from	from	ADP
framr-1715	73	5	152	152	NUM
framr-1715	73	6	indian	indian	ADJ
framr-1715	73	7	firms	firm	NOUN
framr-1715	73	8	(	(	PUNCT
framr-1715	73	9	both	both	PRON
framr-1715	73	10	listed	list	VERB
framr-1715	73	11	and	and	CCONJ
framr-1715	73	12	unlisted	unliste	VERB
framr-1715	73	13	)	)	PUNCT
framr-1715	73	14	in	in	ADP
framr-1715	73	15	hotel	hotel	NOUN
framr-1715	73	16	industry	industry	NOUN
framr-1715	73	17	from	from	ADP
framr-1715	73	18	the	the	DET
framr-1715	73	19	electronic	electronic	ADJ
framr-1715	73	20	corporate	corporate	ADJ
framr-1715	73	21	database	database	NOUN
framr-1715	73	22	called	call	VERB
framr-1715	73	23	cmie	cmie	PROPN
framr-1715	73	24	and	and	CCONJ
framr-1715	73	25	captaline	captaline	PROPN
framr-1715	73	26	database	database	NOUN
framr-1715	73	27	.	.	PUNCT
framr-1715	74	1	fixed	fix	VERB
framr-1715	74	2	effect	effect	NOUN
framr-1715	74	3	firm	firm	NOUN
framr-1715	74	4	model	model	NOUN
framr-1715	74	5	estimation	estimation	NOUN
framr-1715	74	6	revealed	reveal	VERB
framr-1715	74	7	that	that	SCONJ
framr-1715	74	8	there	there	PRON
framr-1715	74	9	was	be	VERB
framr-1715	74	10	a	a	DET
framr-1715	74	11	positive	positive	ADJ
framr-1715	74	12	association	association	NOUN
framr-1715	74	13	between	between	ADP
framr-1715	74	14	lagged	lag	VERB
framr-1715	74	15	dividend	dividend	NOUN
framr-1715	74	16	,	,	PUNCT
framr-1715	74	17	earnings	earning	NOUN
framr-1715	74	18	,	,	PUNCT
framr-1715	74	19	debt	debt	NOUN
framr-1715	74	20	-	-	PUNCT
framr-1715	74	21	equity	equity	NOUN
framr-1715	74	22	ratio	ratio	NOUN
framr-1715	74	23	,	,	PUNCT
framr-1715	74	24	sales	sale	NOUN
framr-1715	74	25	size	size	NOUN
framr-1715	74	26	,	,	PUNCT
framr-1715	74	27	age	age	NOUN
framr-1715	74	28	of	of	ADP
framr-1715	74	29	the	the	DET
framr-1715	74	30	firm	firm	ADJ
framr-1715	74	31	and	and	CCONJ
framr-1715	74	32	institutional	institutional	ADJ
framr-1715	74	33	shareholding	shareholding	NOUN
framr-1715	74	34	.	.	PUNCT
framr-1715	75	1	gul	gul	PROPN
framr-1715	75	2	et	et	PROPN
framr-1715	75	3	al	al	PROPN
framr-1715	75	4	.	.	PUNCT
framr-1715	76	1	(	(	PUNCT
framr-1715	76	2	2012),in	2012),in	NUM
framr-1715	76	3	their	their	PRON
framr-1715	76	4	study	study	NOUN
framr-1715	76	5	titled	title	VERB
framr-1715	76	6	“	"	PUNCT
framr-1715	76	7	the	the	DET
framr-1715	76	8	relationship	relationship	NOUN
framr-1715	76	9	between	between	ADP
framr-1715	76	10	dividend	dividend	NOUN
framr-1715	76	11	policy	policy	NOUN
framr-1715	76	12	and	and	CCONJ
framr-1715	76	13	shareholders	shareholder	NOUN
framr-1715	76	14	’	'	PUNCT
framr-1715	76	15	wealth	wealth	NOUN
framr-1715	76	16	”	"	PUNCT
framr-1715	76	17	examined	examine	VERB
framr-1715	76	18	the	the	DET
framr-1715	76	19	influence	influence	NOUN
framr-1715	76	20	of	of	ADP
framr-1715	76	21	dp	dp	NOUN
framr-1715	76	22	on	on	ADP
framr-1715	76	23	sw	sw	PROPN
framr-1715	76	24	of	of	ADP
framr-1715	76	25	75	75	NUM
framr-1715	76	26	listed	list	VERB
framr-1715	76	27	firms	firm	NOUN
framr-1715	76	28	in	in	ADP
framr-1715	76	29	karachi	karachi	PROPN
framr-1715	76	30	stock	stock	PROPN
framr-1715	76	31	exchange	exchange	PROPN
framr-1715	76	32	.	.	PUNCT
framr-1715	77	1	data	datum	NOUN
framr-1715	77	2	were	be	AUX
framr-1715	77	3	collected	collect	VERB
framr-1715	77	4	from	from	ADP
framr-1715	77	5	annual	annual	ADJ
framr-1715	77	6	reports	report	NOUN
framr-1715	77	7	of	of	ADP
framr-1715	77	8	the	the	DET
framr-1715	77	9	firms	firm	NOUN
framr-1715	77	10	,	,	PUNCT
framr-1715	77	11	karachi	karachi	PROPN
framr-1715	77	12	stock	stock	NOUN
framr-1715	77	13	market	market	PROPN
framr-1715	77	14	and	and	CCONJ
framr-1715	77	15	state	state	PROPN
framr-1715	77	16	bank	bank	PROPN
framr-1715	77	17	of	of	ADP
framr-1715	77	18	pakistan	pakistan	PROPN
framr-1715	77	19	.	.	PUNCT
framr-1715	78	1	descriptive	descriptive	ADJ
framr-1715	78	2	statistics	statistic	NOUN
framr-1715	78	3	,	,	PUNCT
framr-1715	78	4	multiple	multiple	ADJ
framr-1715	78	5	regression	regression	NOUN
framr-1715	78	6	and	and	CCONJ
framr-1715	78	7	stepwise	stepwise	NOUN
framr-1715	78	8	regression	regression	NOUN
framr-1715	78	9	methods	method	NOUN
framr-1715	78	10	were	be	AUX
framr-1715	78	11	used	use	VERB
framr-1715	78	12	to	to	PART
framr-1715	78	13	study	study	VERB
framr-1715	78	14	the	the	DET
framr-1715	78	15	impact	impact	NOUN
framr-1715	78	16	of	of	ADP
framr-1715	78	17	dp	dp	NOUN
framr-1715	78	18	on	on	ADP
framr-1715	78	19	sw	sw	PROPN
framr-1715	78	20	.	.	PUNCT
framr-1715	79	1	the	the	DET
framr-1715	79	2	study	study	NOUN
framr-1715	79	3	found	find	VERB
framr-1715	79	4	that	that	SCONJ
framr-1715	79	5	the	the	DET
framr-1715	79	6	difference	difference	NOUN
framr-1715	79	7	in	in	ADP
framr-1715	79	8	average	average	ADJ
framr-1715	79	9	market	market	NOUN
framr-1715	79	10	value	value	NOUN
framr-1715	79	11	relative	relative	ADJ
framr-1715	79	12	to	to	ADP
framr-1715	79	13	book	book	NOUN
framr-1715	79	14	value	value	NOUN
framr-1715	79	15	of	of	ADP
framr-1715	79	16	equity	equity	NOUN
framr-1715	79	17	was	be	AUX
framr-1715	79	18	highly	highly	ADV
framr-1715	79	19	significant	significant	ADJ
framr-1715	79	20	for	for	ADP
framr-1715	79	21	dividend	dividend	NOUN
framr-1715	79	22	paying	pay	VERB
framr-1715	79	23	firms	firm	NOUN
framr-1715	79	24	and	and	CCONJ
framr-1715	79	25	dividend	dividend	VERB
framr-1715	79	26	non	non	ADJ
framr-1715	79	27	-	-	ADJ
framr-1715	79	28	paying	paying	ADJ
framr-1715	79	29	firms	firm	NOUN
framr-1715	79	30	.	.	PUNCT
framr-1715	80	1	lagged	lag	VERB
framr-1715	80	2	market	market	NOUN
framr-1715	80	3	value	value	NOUN
framr-1715	80	4	of	of	ADP
framr-1715	80	5	equity	equity	NOUN
framr-1715	80	6	had	have	VERB
framr-1715	80	7	a	a	DET
framr-1715	80	8	significant	significant	ADJ
framr-1715	80	9	impact	impact	NOUN
framr-1715	80	10	on	on	ADP
framr-1715	80	11	the	the	DET
framr-1715	80	12	market	market	NOUN
framr-1715	80	13	price	price	NOUN
framr-1715	80	14	per	per	ADP
framr-1715	80	15	share	share	NOUN
framr-1715	80	16	;	;	PUNCT
framr-1715	80	17	however	however	ADV
framr-1715	80	18	,	,	PUNCT
framr-1715	80	19	retained	retain	VERB
framr-1715	80	20	earnings	earning	NOUN
framr-1715	80	21	had	have	VERB
framr-1715	80	22	insignificant	insignificant	ADJ
framr-1715	80	23	influence	influence	NOUN
framr-1715	80	24	on	on	ADP
framr-1715	80	25	the	the	DET
framr-1715	80	26	market	market	NOUN
framr-1715	80	27	price	price	NOUN
framr-1715	80	28	of	of	ADP
framr-1715	80	29	equityas	equityas	NOUN
framr-1715	80	30	far	far	ADV
framr-1715	80	31	as	as	SCONJ
framr-1715	80	32	the	the	DET
framr-1715	80	33	dividend	dividend	NOUN
framr-1715	80	34	paying	pay	VERB
framr-1715	80	35	firms	firm	NOUN
framr-1715	80	36	are	be	AUX
framr-1715	80	37	concerned	concern	VERB
framr-1715	80	38	and	and	CCONJ
framr-1715	80	39	there	there	PRON
framr-1715	80	40	was	be	VERB
framr-1715	80	41	a	a	DET
framr-1715	80	42	significant	significant	ADJ
framr-1715	80	43	influence	influence	NOUN
framr-1715	80	44	of	of	ADP
framr-1715	80	45	dp	dp	NOUN
framr-1715	80	46	on	on	ADP
framr-1715	80	47	sw	sw	PROPN
framr-1715	80	48	.	.	PROPN
framr-1715	80	49	onwumere	onwumere	PROPN
framr-1715	80	50	et	et	PROPN
framr-1715	80	51	al	al	PROPN
framr-1715	80	52	.	.	PROPN
framr-1715	81	1	(	(	PUNCT
framr-1715	81	2	2012	2012	NUM
framr-1715	81	3	)	)	PUNCT
framr-1715	81	4	,	,	PUNCT
framr-1715	81	5	in	in	ADP
framr-1715	81	6	a	a	DET
framr-1715	81	7	research	research	NOUN
framr-1715	81	8	paper	paper	NOUN
framr-1715	81	9	titled	title	VERB
framr-1715	81	10	“	"	PUNCT
framr-1715	81	11	does	do	AUX
framr-1715	81	12	the	the	DET
framr-1715	81	13	use	use	NOUN
framr-1715	81	14	of	of	ADP
framr-1715	81	15	outsiders	outsider	NOUN
framr-1715	81	16	fund	fund	VERB
framr-1715	81	17	enhance	enhance	VERB
framr-1715	81	18	shareholders	shareholder	NOUN
framr-1715	81	19	’	'	PUNCT
framr-1715	81	20	wealth	wealth	NOUN
framr-1715	81	21	:	:	PUNCT
framr-1715	81	22	evidence	evidence	NOUN
framr-1715	81	23	from	from	ADP
framr-1715	81	24	nigeria	nigeria	PROPN
framr-1715	81	25	”	"	PUNCT
framr-1715	81	26	attempted	attempt	VERB
framr-1715	81	27	to	to	PART
framr-1715	81	28	study	study	VERB
framr-1715	81	29	the	the	DET
framr-1715	81	30	links	link	NOUN
framr-1715	81	31	between	between	ADP
framr-1715	81	32	the	the	DET
framr-1715	81	33	firms	firm	NOUN
framr-1715	81	34	’	’	PART
framr-1715	81	35	financial	financial	ADJ
framr-1715	81	36	structure	structure	NOUN
framr-1715	81	37	and	and	CCONJ
framr-1715	81	38	the	the	DET
framr-1715	81	39	objective	objective	NOUN
framr-1715	81	40	of	of	ADP
framr-1715	81	41	the	the	DET
framr-1715	81	42	firms	firm	NOUN
framr-1715	81	43	in	in	ADP
framr-1715	81	44	maximizing	maximize	VERB
framr-1715	81	45	shareholders	shareholder	NOUN
framr-1715	81	46	’	'	PUNCT
framr-1715	81	47	wealth	wealth	NOUN
framr-1715	81	48	.	.	PUNCT
framr-1715	82	1	the	the	DET
framr-1715	82	2	study	study	NOUN
framr-1715	82	3	relied	rely	VERB
framr-1715	82	4	on	on	ADP
framr-1715	82	5	historic	historic	ADJ
framr-1715	82	6	accounting	accounting	NOUN
framr-1715	82	7	data	datum	NOUN
framr-1715	82	8	obtained	obtain	VERB
framr-1715	82	9	from	from	ADP
framr-1715	82	10	the	the	DET
framr-1715	82	11	financial	financial	ADJ
framr-1715	82	12	statements	statement	NOUN
framr-1715	82	13	and	and	CCONJ
framr-1715	82	14	accounts	account	NOUN
framr-1715	82	15	of	of	ADP
framr-1715	82	16	28	28	NUM
framr-1715	82	17	firms	firm	NOUN
framr-1715	82	18	in	in	ADP
framr-1715	82	19	the	the	DET
framr-1715	82	20	nigerian	nigerian	ADJ
framr-1715	82	21	stock	stock	NOUN
framr-1715	82	22	exchange	exchange	PROPN
framr-1715	82	23	.	.	PUNCT
framr-1715	83	1	the	the	DET
framr-1715	83	2	study	study	NOUN
framr-1715	83	3	examined	examine	VERB
framr-1715	83	4	the	the	DET
framr-1715	83	5	impact	impact	NOUN
framr-1715	83	6	of	of	ADP
framr-1715	83	7	outsiders	outsider	NOUN
framr-1715	83	8	’	’	PART
framr-1715	83	9	fund	fund	NOUN
framr-1715	83	10	on	on	ADP
framr-1715	83	11	the	the	DET
framr-1715	83	12	firms	firm	NOUN
framr-1715	83	13	’	'	PUNCT
framr-1715	83	14	sw	sw	PROPN
framr-1715	83	15	maximization	maximization	NOUN
framr-1715	83	16	using	use	VERB
framr-1715	83	17	three	three	NUM
framr-1715	83	18	value	value	NOUN
framr-1715	83	19	maximization	maximization	NOUN
framr-1715	83	20	indicators	indicator	NOUN
framr-1715	83	21	viz	viz	PROPN
framr-1715	83	22	.	.	PROPN
framr-1715	83	23	,	,	PUNCT
framr-1715	83	24	net	net	ADJ
framr-1715	83	25	profit	profit	NOUN
framr-1715	83	26	margin	margin	NOUN
framr-1715	83	27	,	,	PUNCT
framr-1715	83	28	dividend	dividend	NOUN
framr-1715	83	29	per	per	ADP
framr-1715	83	30	share	share	NOUN
framr-1715	83	31	and	and	CCONJ
framr-1715	83	32	current	current	ADJ
framr-1715	83	33	ratio	ratio	NOUN
framr-1715	83	34	.	.	PUNCT
framr-1715	84	1	the	the	DET
framr-1715	84	2	study	study	NOUN
framr-1715	84	3	revealed	reveal	VERB
framr-1715	84	4	that	that	SCONJ
framr-1715	84	5	outsiders	outsider	NOUN
framr-1715	84	6	’	’	PART
framr-1715	84	7	fund	fund	NOUN
framr-1715	84	8	was	be	AUX
framr-1715	84	9	positive	positive	ADJ
framr-1715	84	10	and	and	CCONJ
framr-1715	84	11	did	do	AUX
framr-1715	84	12	not	not	PART
framr-1715	84	13	have	have	VERB
framr-1715	84	14	significant	significant	ADJ
framr-1715	84	15	impact	impact	NOUN
framr-1715	84	16	on	on	ADP
framr-1715	84	17	the	the	DET
framr-1715	84	18	dividend	dividend	NOUN
framr-1715	84	19	per	per	ADP
framr-1715	84	20	share	share	NOUN
framr-1715	84	21	and	and	CCONJ
framr-1715	84	22	current	current	ADJ
framr-1715	84	23	ratio	ratio	NOUN
framr-1715	84	24	;	;	PUNCT
framr-1715	84	25	outsiders	outsider	NOUN
framr-1715	84	26	’	’	PART
framr-1715	84	27	fundhadnegative	fundhadnegative	ADJ
framr-1715	84	28	and	and	CCONJ
framr-1715	84	29	significant	significant	ADJ
framr-1715	84	30	impact	impact	NOUN
framr-1715	84	31	on	on	ADP
framr-1715	84	32	the	the	DET
framr-1715	84	33	net	net	ADJ
framr-1715	84	34	profit	profit	NOUN
framr-1715	84	35	margin	margin	NOUN
framr-1715	84	36	.	.	PUNCT
framr-1715	85	1	salman	salman	PROPN
framr-1715	85	2	(	(	PUNCT
framr-1715	85	3	2013	2013	NUM
framr-1715	85	4	)	)	PUNCT
framr-1715	85	5	examined	examine	VERB
framr-1715	85	6	the	the	DET
framr-1715	85	7	“	"	PUNCT
framr-1715	85	8	effect	effect	NOUN
framr-1715	85	9	of	of	ADP
framr-1715	85	10	dp	dp	NOUN
framr-1715	85	11	on	on	ADP
framr-1715	85	12	sw	sw	PROPN
framr-1715	85	13	of	of	ADP
framr-1715	85	14	sugar	sugar	NOUN
framr-1715	85	15	industry	industry	NOUN
framr-1715	85	16	in	in	ADP
framr-1715	85	17	pakistan	pakistan	PROPN
framr-1715	85	18	”	"	PUNCT
framr-1715	85	19	considering	consider	VERB
framr-1715	85	20	a	a	DET
framr-1715	85	21	sample	sample	NOUN
framr-1715	85	22	of	of	ADP
framr-1715	85	23	33	33	NUM
framr-1715	85	24	listed	list	VERB
framr-1715	85	25	firms	firm	NOUN
framr-1715	85	26	of	of	ADP
framr-1715	85	27	sugar	sugar	NOUN
framr-1715	85	28	industry	industry	NOUN
framr-1715	85	29	listed	list	VERB
framr-1715	85	30	on	on	ADP
framr-1715	85	31	karachi	karachi	PROPN
framr-1715	85	32	stock	stock	PROPN
framr-1715	85	33	exchange	exchange	PROPN
framr-1715	85	34	.	.	PUNCT
framr-1715	86	1	the	the	DET
framr-1715	86	2	data	datum	NOUN
framr-1715	86	3	were	be	AUX
framr-1715	86	4	collected	collect	VERB
framr-1715	86	5	for	for	ADP
framr-1715	86	6	a	a	DET
framr-1715	86	7	period	period	NOUN
framr-1715	86	8	of	of	ADP
framr-1715	86	9	six	six	NUM
framr-1715	86	10	years	year	NOUN
framr-1715	86	11	ranging	range	VERB
framr-1715	86	12	from	from	ADP
framr-1715	86	13	2006	2006	NUM
framr-1715	86	14	to	to	ADP
framr-1715	86	15	2011	2011	NUM
framr-1715	86	16	.	.	PUNCT
framr-1715	87	1	descriptive	descriptive	ADJ
framr-1715	87	2	statistics	statistic	NOUN
framr-1715	87	3	and	and	CCONJ
framr-1715	87	4	regression	regression	VERB
framr-1715	87	5	analysis	analysis	NOUN
framr-1715	87	6	were	be	AUX
framr-1715	87	7	applied	apply	VERB
framr-1715	87	8	for	for	ADP
framr-1715	87	9	analysis	analysis	NOUN
framr-1715	87	10	considering	consider	VERB
framr-1715	87	11	dividend	dividend	NOUN
framr-1715	87	12	per	per	ADP
framr-1715	87	13	share	share	NOUN
framr-1715	87	14	(	(	PUNCT
framr-1715	87	15	dps	dps	NOUN
framr-1715	87	16	)	)	PUNCT
framr-1715	87	17	,	,	PUNCT
framr-1715	87	18	earnings	earning	NOUN
framr-1715	87	19	per	per	ADP
framr-1715	87	20	share(eps	share(ep	NOUN
framr-1715	87	21	)	)	PUNCT
framr-1715	87	22	,	,	PUNCT
framr-1715	87	23	lagged	lag	VERB
framr-1715	87	24	market	market	NOUN
framr-1715	87	25	price	price	NOUN
framr-1715	87	26	per	per	ADP
framr-1715	87	27	share	share	NOUN
framr-1715	87	28	(	(	PUNCT
framr-1715	87	29	mps	mps	PROPN
framr-1715	87	30	)	)	PUNCT
framr-1715	87	31	,	,	PUNCT
framr-1715	87	32	price	price	NOUN
framr-1715	87	33	earnings	earning	NOUN
framr-1715	87	34	ratio	ratio	NOUN
framr-1715	87	35	(	(	PUNCT
framr-1715	87	36	per	per	ADP
framr-1715	87	37	)	)	PUNCT
framr-1715	87	38	,	,	PUNCT
framr-1715	87	39	and	and	CCONJ
framr-1715	87	40	retained	retain	VERB
framr-1715	87	41	earnings	earning	NOUN
framr-1715	87	42	(	(	PUNCT
framr-1715	87	43	re	re	NOUN
framr-1715	87	44	)	)	PUNCT
framr-1715	87	45	as	as	ADP
framr-1715	87	46	predictor	predictor	NOUN
framr-1715	87	47	variables	variable	NOUN
framr-1715	87	48	and	and	CCONJ
framr-1715	87	49	market	market	NOUN
framr-1715	87	50	price	price	NOUN
framr-1715	87	51	per	per	ADP
framr-1715	87	52	share	share	NOUN
framr-1715	87	53	(	(	PUNCT
framr-1715	87	54	mps	mps	PROPN
framr-1715	87	55	)	)	PUNCT
framr-1715	87	56	as	as	ADP
framr-1715	87	57	response	response	NOUN
framr-1715	87	58	variable	variable	NOUN
framr-1715	87	59	.	.	PUNCT
framr-1715	88	1	the	the	DET
framr-1715	88	2	study	study	NOUN
framr-1715	88	3	showed	show	VERB
framr-1715	88	4	that	that	SCONJ
framr-1715	88	5	dps	dps	NOUN
framr-1715	88	6	,	,	PUNCT
framr-1715	88	7	eps	eps	PROPN
framr-1715	88	8	,	,	PUNCT
framr-1715	88	9	lagged	lag	VERB
framr-1715	88	10	mps	mp	NOUN
framr-1715	88	11	,	,	PUNCT
framr-1715	88	12	and	and	CCONJ
framr-1715	88	13	lagged	lag	VERB
framr-1715	88	14	per	per	ADP
framr-1715	88	15	had	have	VERB
framr-1715	88	16	significant	significant	ADJ
framr-1715	88	17	positive	positive	ADJ
framr-1715	88	18	relationship	relationship	NOUN
framr-1715	88	19	with	with	ADP
framr-1715	88	20	sw	sw	PROPN
framr-1715	88	21	.	.	PUNCT
framr-1715	88	22	financial	financial	ADJ
framr-1715	88	23	risk	risk	NOUN
framr-1715	88	24	and	and	CCONJ
framr-1715	88	25	management	management	NOUN
framr-1715	88	26	reviews	review	NOUN
framr-1715	88	27	,	,	PUNCT
framr-1715	88	28	2015	2015	NUM
framr-1715	88	29	,	,	PUNCT
framr-1715	88	30	1(1):8	1(1):8	PROPN
framr-1715	88	31	-	-	SYM
framr-1715	88	32	26	26	NUM
framr-1715	88	33	13	13	NUM
framr-1715	88	34	©	©	PROPN
framr-1715	88	35	2015	2015	NUM
framr-1715	88	36	conscientia	conscientia	PROPN
framr-1715	88	37	beam	beam	PROPN
framr-1715	88	38	.	.	PUNCT
framr-1715	89	1	all	all	DET
framr-1715	89	2	rights	right	NOUN
framr-1715	89	3	reserved	reserve	VERB
framr-1715	89	4	.	.	PUNCT
framr-1715	90	1	bawa	bawa	PROPN
framr-1715	90	2	and	and	CCONJ
framr-1715	90	3	kaur	kaur	PROPN
framr-1715	90	4	(	(	PUNCT
framr-1715	90	5	2013	2013	NUM
framr-1715	90	6	)	)	PUNCT
framr-1715	90	7	,	,	PUNCT
framr-1715	90	8	in	in	ADP
framr-1715	90	9	a	a	DET
framr-1715	90	10	research	research	NOUN
framr-1715	90	11	work	work	NOUN
framr-1715	90	12	titled	title	VERB
framr-1715	90	13	“	"	PUNCT
framr-1715	90	14	impact	impact	NOUN
framr-1715	90	15	of	of	ADP
framr-1715	90	16	dividend	dividend	NOUN
framr-1715	90	17	policy	policy	NOUN
framr-1715	90	18	on	on	ADP
framr-1715	90	19	shareholders	shareholder	NOUN
framr-1715	90	20	’	'	PUNCT
framr-1715	90	21	wealth	wealth	NOUN
framr-1715	90	22	:	:	PUNCT
framr-1715	90	23	an	an	DET
framr-1715	90	24	empirical	empirical	ADJ
framr-1715	90	25	analysis	analysis	NOUN
framr-1715	90	26	of	of	ADP
framr-1715	90	27	indian	indian	ADJ
framr-1715	90	28	information	information	NOUN
framr-1715	90	29	technology	technology	NOUN
framr-1715	90	30	sector	sector	NOUN
framr-1715	90	31	”	"	PUNCT
framr-1715	90	32	selected	select	VERB
framr-1715	90	33	308	308	NUM
framr-1715	90	34	firms	firm	NOUN
framr-1715	90	35	,	,	PUNCT
framr-1715	90	36	which	which	PRON
framr-1715	90	37	have	have	AUX
framr-1715	90	38	listing	list	VERB
framr-1715	90	39	flag	flag	NOUN
framr-1715	90	40	in	in	ADP
framr-1715	90	41	national	national	ADJ
framr-1715	90	42	stock	stock	PROPN
framr-1715	90	43	exchange	exchange	PROPN
framr-1715	90	44	and	and	CCONJ
framr-1715	90	45	bombay	bombay	PROPN
framr-1715	90	46	stock	stock	PROPN
framr-1715	90	47	exchange	exchange	PROPN
framr-1715	90	48	with	with	ADP
framr-1715	90	49	the	the	DET
framr-1715	90	50	objective	objective	NOUN
framr-1715	90	51	to	to	PART
framr-1715	90	52	study	study	VERB
framr-1715	90	53	the	the	DET
framr-1715	90	54	impact	impact	NOUN
framr-1715	90	55	of	of	ADP
framr-1715	90	56	dp	dp	NOUN
framr-1715	90	57	on	on	ADP
framr-1715	90	58	sw	sw	PROPN
framr-1715	90	59	.	.	PUNCT
framr-1715	90	60	variables	variable	NOUN
framr-1715	90	61	,	,	PUNCT
framr-1715	90	62	viz	viz	PROPN
framr-1715	90	63	.	.	PROPN
framr-1715	90	64	,	,	PUNCT
framr-1715	90	65	dividend	dividend	VERB
framr-1715	90	66	per	per	ADP
framr-1715	90	67	share	share	NOUN
framr-1715	90	68	(	(	PUNCT
framr-1715	90	69	dps),retained	dps),retaine	VERB
framr-1715	90	70	earnings	earning	NOUN
framr-1715	90	71	per	per	ADP
framr-1715	90	72	share	share	NOUN
framr-1715	90	73	(	(	PUNCT
framr-1715	90	74	reps	rep	NOUN
framr-1715	90	75	)	)	PUNCT
framr-1715	90	76	,	,	PUNCT
framr-1715	90	77	lagged	lag	VERB
framr-1715	90	78	price	price	NOUN
framr-1715	90	79	earnings	earning	NOUN
framr-1715	90	80	ratio	ratio	NOUN
framr-1715	90	81	(	(	PUNCT
framr-1715	90	82	lagper	lagper	NOUN
framr-1715	90	83	)	)	PUNCT
framr-1715	90	84	and	and	CCONJ
framr-1715	90	85	lagged	lag	VERB
framr-1715	90	86	market	market	NOUN
framr-1715	90	87	price	price	NOUN
framr-1715	90	88	per	per	ADP
framr-1715	90	89	share	share	NOUN
framr-1715	90	90	(	(	PUNCT
framr-1715	90	91	lagmps	lagmp	NOUN
framr-1715	90	92	)	)	PUNCT
framr-1715	90	93	were	be	AUX
framr-1715	90	94	considered	consider	VERB
framr-1715	90	95	as	as	ADP
framr-1715	90	96	predictor	predictor	NOUN
framr-1715	90	97	variables	variable	NOUN
framr-1715	90	98	and	and	CCONJ
framr-1715	90	99	market	market	NOUN
framr-1715	90	100	price	price	NOUN
framr-1715	90	101	per	per	ADP
framr-1715	90	102	share	share	NOUN
framr-1715	90	103	(	(	PUNCT
framr-1715	90	104	mps	mps	PROPN
framr-1715	90	105	)	)	PUNCT
framr-1715	90	106	was	be	AUX
framr-1715	90	107	considered	consider	VERB
framr-1715	90	108	as	as	ADP
framr-1715	90	109	response	response	NOUN
framr-1715	90	110	variable	variable	ADJ
framr-1715	90	111	.	.	PUNCT
framr-1715	91	1	panel	panel	NOUN
framr-1715	91	2	data	datum	NOUN
framr-1715	91	3	methodology	methodology	NOUN
framr-1715	91	4	was	be	AUX
framr-1715	91	5	applied	apply	VERB
framr-1715	91	6	to	to	PART
framr-1715	91	7	study	study	VERB
framr-1715	91	8	the	the	DET
framr-1715	91	9	impact	impact	NOUN
framr-1715	91	10	of	of	ADP
framr-1715	91	11	dp	dp	NOUN
framr-1715	91	12	on	on	ADP
framr-1715	91	13	market	market	NOUN
framr-1715	91	14	value	value	NOUN
framr-1715	91	15	of	of	ADP
framr-1715	91	16	equity	equity	NOUN
framr-1715	91	17	.	.	PUNCT
framr-1715	92	1	the	the	DET
framr-1715	92	2	results	result	NOUN
framr-1715	92	3	showed	show	VERB
framr-1715	92	4	that	that	SCONJ
framr-1715	92	5	in	in	ADP
framr-1715	92	6	the	the	DET
framr-1715	92	7	long	long	ADJ
framr-1715	92	8	run	run	NOUN
framr-1715	92	9	,	,	PUNCT
framr-1715	92	10	shareholders	shareholder	NOUN
framr-1715	92	11	’	'	PUNCT
framr-1715	92	12	wealth	wealth	NOUN
framr-1715	92	13	of	of	ADP
framr-1715	92	14	dividend	dividend	NOUN
framr-1715	92	15	paying	pay	VERB
framr-1715	92	16	it	it	PRON
framr-1715	92	17	firms	firm	NOUN
framr-1715	92	18	had	have	AUX
framr-1715	92	19	increased	increase	VERB
framr-1715	92	20	significantly	significantly	ADV
framr-1715	92	21	when	when	SCONJ
framr-1715	92	22	compared	compare	VERB
framr-1715	92	23	to	to	ADP
framr-1715	92	24	the	the	DET
framr-1715	92	25	non	non	ADJ
framr-1715	92	26	-	-	ADJ
framr-1715	92	27	dividend	dividend	ADJ
framr-1715	92	28	paying	pay	VERB
framr-1715	92	29	it	it	PRON
framr-1715	92	30	firms	firm	NOUN
framr-1715	92	31	.	.	PUNCT
framr-1715	93	1	azhagaiah	azhagaiah	PROPN
framr-1715	93	2	and	and	CCONJ
framr-1715	93	3	sabaripriya	sabaripriya	PROPN
framr-1715	93	4	(	(	PUNCT
framr-1715	93	5	2008),in	2008),in	NOUN
framr-1715	93	6	their	their	PRON
framr-1715	93	7	study	study	NOUN
framr-1715	93	8	titled	title	VERB
framr-1715	93	9	“	"	PUNCT
framr-1715	93	10	the	the	DET
framr-1715	93	11	impact	impact	NOUN
framr-1715	93	12	of	of	ADP
framr-1715	93	13	dividend	dividend	NOUN
framr-1715	93	14	policy	policy	NOUN
framr-1715	93	15	on	on	ADP
framr-1715	93	16	shareholders	shareholder	NOUN
framr-1715	93	17	’	'	PUNCT
framr-1715	93	18	wealth	wealth	NOUN
framr-1715	93	19	”	"	PUNCT
framr-1715	93	20	analyzed	analyze	VERB
framr-1715	93	21	the	the	DET
framr-1715	93	22	impact	impact	NOUN
framr-1715	93	23	of	of	ADP
framr-1715	93	24	dp	dp	NOUN
framr-1715	93	25	on	on	ADP
framr-1715	93	26	shareholders	shareholder	NOUN
framr-1715	93	27	’	’	PART
framr-1715	93	28	wealth	wealth	NOUN
framr-1715	93	29	in	in	ADP
framr-1715	93	30	organic	organic	ADJ
framr-1715	93	31	and	and	CCONJ
framr-1715	93	32	in	in	ADP
framr-1715	93	33	-	-	PUNCT
framr-1715	93	34	organic	organic	ADJ
framr-1715	93	35	chemical	chemical	NOUN
framr-1715	93	36	firms	firm	NOUN
framr-1715	93	37	in	in	ADP
framr-1715	93	38	india	india	PROPN
framr-1715	93	39	with	with	ADP
framr-1715	93	40	a	a	DET
framr-1715	93	41	sample	sample	NOUN
framr-1715	93	42	of	of	ADP
framr-1715	93	43	28	28	NUM
framr-1715	93	44	firms	firm	NOUN
framr-1715	93	45	selected	select	VERB
framr-1715	93	46	from	from	ADP
framr-1715	93	47	114	114	NUM
framr-1715	93	48	listed	list	VERB
framr-1715	93	49	firms	firm	NOUN
framr-1715	93	50	on	on	ADP
framr-1715	93	51	bse	bse	NOUN
framr-1715	93	52	using	use	VERB
framr-1715	93	53	multi	multi	ADJ
framr-1715	93	54	stage	stage	NOUN
framr-1715	93	55	non	non	PRON
framr-1715	93	56	random	random	ADJ
framr-1715	93	57	sampling	sampling	NOUN
framr-1715	93	58	technique	technique	NOUN
framr-1715	93	59	.	.	PUNCT
framr-1715	94	1	they	they	PRON
framr-1715	94	2	used	use	VERB
framr-1715	94	3	mean	mean	NOUN
framr-1715	94	4	,	,	PUNCT
framr-1715	94	5	standard	standard	ADJ
framr-1715	94	6	deviation	deviation	NOUN
framr-1715	94	7	multiple	multiple	ADJ
framr-1715	94	8	regression	regression	NOUN
framr-1715	94	9	and	and	CCONJ
framr-1715	94	10	stepwise	stepwise	NOUN
framr-1715	94	11	regression	regression	NOUN
framr-1715	94	12	techniques	technique	NOUN
framr-1715	94	13	to	to	PART
framr-1715	94	14	ascertain	ascertain	VERB
framr-1715	94	15	the	the	DET
framr-1715	94	16	best	well	ADV
framr-1715	94	17	fitted	fit	VERB
framr-1715	94	18	model	model	NOUN
framr-1715	94	19	for	for	ADP
framr-1715	94	20	predicting	predict	VERB
framr-1715	94	21	the	the	DET
framr-1715	94	22	dp	dp	NOUN
framr-1715	94	23	and	and	CCONJ
framr-1715	94	24	studying	study	VERB
framr-1715	94	25	its	its	PRON
framr-1715	94	26	impact	impact	NOUN
framr-1715	94	27	on	on	ADP
framr-1715	94	28	sw	sw	PROPN
framr-1715	94	29	.	.	PUNCT
framr-1715	95	1	the	the	DET
framr-1715	95	2	study	study	NOUN
framr-1715	95	3	proved	prove	VERB
framr-1715	95	4	that	that	SCONJ
framr-1715	95	5	the	the	DET
framr-1715	95	6	wealth	wealth	NOUN
framr-1715	95	7	of	of	ADP
framr-1715	95	8	the	the	DET
framr-1715	95	9	shareholders	shareholder	NOUN
framr-1715	95	10	’	'	PUNCT
framr-1715	95	11	was	be	AUX
framr-1715	95	12	greatly	greatly	ADV
framr-1715	95	13	influenced	influence	VERB
framr-1715	95	14	mainly	mainly	ADV
framr-1715	95	15	by	by	ADP
framr-1715	95	16	five	five	NUM
framr-1715	95	17	variables	variable	NOUN
framr-1715	95	18	viz	viz	PROPN
framr-1715	95	19	.	.	PROPN
framr-1715	95	20	,	,	PUNCT
framr-1715	95	21	growth	growth	NOUN
framr-1715	95	22	in	in	ADP
framr-1715	95	23	sales	sale	NOUN
framr-1715	95	24	,	,	PUNCT
framr-1715	95	25	improvement	improvement	NOUN
framr-1715	95	26	of	of	ADP
framr-1715	95	27	profit	profit	NOUN
framr-1715	95	28	margin	margin	NOUN
framr-1715	95	29	,	,	PUNCT
framr-1715	95	30	capital	capital	NOUN
framr-1715	95	31	investment	investment	NOUN
framr-1715	95	32	decision	decision	NOUN
framr-1715	95	33	,	,	PUNCT
framr-1715	95	34	capital	capital	NOUN
framr-1715	95	35	structure	structure	NOUN
framr-1715	95	36	decision	decision	NOUN
framr-1715	95	37	and	and	CCONJ
framr-1715	95	38	cost	cost	NOUN
framr-1715	95	39	of	of	ADP
framr-1715	95	40	capital	capital	NOUN
framr-1715	95	41	.	.	PUNCT
framr-1715	96	1	there	there	PRON
framr-1715	96	2	was	be	VERB
framr-1715	96	3	a	a	DET
framr-1715	96	4	significant	significant	ADJ
framr-1715	96	5	impact	impact	NOUN
framr-1715	96	6	of	of	ADP
framr-1715	96	7	dp	dp	NOUN
framr-1715	96	8	on	on	ADP
framr-1715	96	9	sw	sw	PROPN
framr-1715	96	10	in	in	ADP
framr-1715	96	11	organic	organic	ADJ
framr-1715	96	12	chemical	chemical	NOUN
framr-1715	96	13	firms	firm	NOUN
framr-1715	96	14	,	,	PUNCT
framr-1715	96	15	while	while	SCONJ
framr-1715	96	16	the	the	DET
framr-1715	96	17	sw	sw	PROPN
framr-1715	96	18	was	be	AUX
framr-1715	96	19	not	not	PART
framr-1715	96	20	influenced	influence	VERB
framr-1715	96	21	by	by	ADP
framr-1715	96	22	dividend	dividend	NOUN
framr-1715	96	23	payout	payout	NOUN
framr-1715	96	24	as	as	ADV
framr-1715	96	25	far	far	ADV
framr-1715	96	26	as	as	SCONJ
framr-1715	96	27	the	the	DET
framr-1715	96	28	organic	organic	ADJ
framr-1715	96	29	chemical	chemical	NOUN
framr-1715	96	30	firms	firm	NOUN
framr-1715	96	31	are	be	AUX
framr-1715	96	32	concerned	concern	VERB
framr-1715	96	33	.	.	PUNCT
framr-1715	97	1	tahir	tahir	PROPN
framr-1715	97	2	and	and	CCONJ
framr-1715	97	3	raja	raja	PROPN
framr-1715	97	4	(	(	PUNCT
framr-1715	97	5	2014	2014	NUM
framr-1715	97	6	)	)	PUNCT
framr-1715	97	7	,	,	PUNCT
framr-1715	97	8	in	in	ADP
framr-1715	97	9	their	their	PRON
framr-1715	97	10	study	study	NOUN
framr-1715	97	11	titled	title	VERB
framr-1715	97	12	“	"	PUNCT
framr-1715	97	13	impact	impact	NOUN
framr-1715	97	14	of	of	ADP
framr-1715	97	15	dividend	dividend	NOUN
framr-1715	97	16	policy	policy	NOUN
framr-1715	97	17	on	on	ADP
framr-1715	97	18	shareholders	shareholder	NOUN
framr-1715	97	19	’	'	PUNCT
framr-1715	97	20	wealth	wealth	NOUN
framr-1715	97	21	”	"	PUNCT
framr-1715	97	22	of	of	ADP
framr-1715	97	23	oil	oil	NOUN
framr-1715	97	24	and	and	CCONJ
framr-1715	97	25	gas	gas	NOUN
framr-1715	97	26	exploration	exploration	NOUN
framr-1715	97	27	firms	firm	NOUN
framr-1715	97	28	of	of	ADP
framr-1715	97	29	pakistan	pakistan	PROPN
framr-1715	97	30	during	during	ADP
framr-1715	97	31	the	the	DET
framr-1715	97	32	years	year	NOUN
framr-1715	97	33	from	from	ADP
framr-1715	97	34	1999	1999	NUM
framr-1715	97	35	to	to	ADP
framr-1715	97	36	2006	2006	NUM
framr-1715	97	37	used	use	VERB
framr-1715	97	38	regression	regression	NOUN
framr-1715	97	39	and	and	CCONJ
framr-1715	97	40	correlation	correlation	NOUN
framr-1715	97	41	to	to	PART
framr-1715	97	42	ascertain	ascertain	VERB
framr-1715	97	43	the	the	DET
framr-1715	97	44	best	well	ADV
framr-1715	97	45	fitted	fit	VERB
framr-1715	97	46	model	model	NOUN
framr-1715	97	47	for	for	ADP
framr-1715	97	48	the	the	DET
framr-1715	97	49	dp	dp	NOUN
framr-1715	97	50	and	and	CCONJ
framr-1715	97	51	to	to	PART
framr-1715	97	52	study	study	VERB
framr-1715	97	53	its	its	PRON
framr-1715	97	54	impact	impact	NOUN
framr-1715	97	55	on	on	ADP
framr-1715	97	56	sw	sw	PROPN
framr-1715	97	57	.	.	PUNCT
framr-1715	98	1	the	the	DET
framr-1715	98	2	variables	variable	NOUN
framr-1715	98	3	viz	viz	PROPN
framr-1715	98	4	.	.	PROPN
framr-1715	98	5	,	,	PUNCT
framr-1715	98	6	dividend	dividend	VERB
framr-1715	98	7	payout	payout	NOUN
framr-1715	98	8	ratio	ratio	NOUN
framr-1715	98	9	(	(	PUNCT
framr-1715	98	10	dpr	dpr	PROPN
framr-1715	98	11	)	)	PUNCT
framr-1715	98	12	,	,	PUNCT
framr-1715	98	13	price	price	NOUN
framr-1715	98	14	earnings	earning	NOUN
framr-1715	98	15	ratio	ratio	NOUN
framr-1715	98	16	(	(	PUNCT
framr-1715	98	17	per	per	ADP
framr-1715	98	18	)	)	PUNCT
framr-1715	98	19	and	and	CCONJ
framr-1715	98	20	book	book	NOUN
framr-1715	98	21	value	value	NOUN
framr-1715	98	22	to	to	ADP
framr-1715	98	23	market	market	NOUN
framr-1715	98	24	value	value	NOUN
framr-1715	98	25	of	of	ADP
framr-1715	98	26	equity	equity	NOUN
framr-1715	98	27	(	(	PUNCT
framr-1715	98	28	bv	bv	PROPN
framr-1715	98	29	/	/	SYM
framr-1715	98	30	mv	mv	NOUN
framr-1715	98	31	)	)	PUNCT
framr-1715	98	32	ratio	ratio	NOUN
framr-1715	98	33	were	be	AUX
framr-1715	98	34	considered	consider	VERB
framr-1715	98	35	as	as	ADP
framr-1715	98	36	predictor	predictor	NOUN
framr-1715	98	37	variables	variable	NOUN
framr-1715	98	38	and	and	CCONJ
framr-1715	98	39	holding	hold	VERB
framr-1715	98	40	period	period	NOUN
framr-1715	98	41	yield	yield	NOUN
framr-1715	98	42	as	as	ADP
framr-1715	98	43	response	response	NOUN
framr-1715	98	44	variable	variable	NOUN
framr-1715	98	45	.	.	PUNCT
framr-1715	99	1	the	the	DET
framr-1715	99	2	result	result	NOUN
framr-1715	99	3	showed	show	VERB
framr-1715	99	4	a	a	DET
framr-1715	99	5	correlation	correlation	NOUN
framr-1715	99	6	between	between	ADP
framr-1715	99	7	predictor	predictor	NOUN
framr-1715	99	8	variables	variable	NOUN
framr-1715	99	9	and	and	CCONJ
framr-1715	99	10	response	response	NOUN
framr-1715	99	11	variable	variable	NOUN
framr-1715	99	12	for	for	ADP
framr-1715	99	13	all	all	DET
framr-1715	99	14	the	the	DET
framr-1715	99	15	firms	firm	NOUN
framr-1715	99	16	.	.	PUNCT
framr-1715	100	1	oil	oil	NOUN
framr-1715	100	2	and	and	CCONJ
framr-1715	100	3	gas	gas	NOUN
framr-1715	100	4	industry	industry	NOUN
framr-1715	100	5	of	of	ADP
framr-1715	100	6	pakistan	pakistan	PROPN
framr-1715	100	7	paid	pay	VERB
framr-1715	100	8	dividend	dividend	NOUN
framr-1715	100	9	on	on	ADP
framr-1715	100	10	regular	regular	ADJ
framr-1715	100	11	basis	basis	NOUN
framr-1715	100	12	but	but	CCONJ
framr-1715	100	13	there	there	PRON
framr-1715	100	14	was	be	VERB
framr-1715	100	15	uncertainty	uncertainty	NOUN
framr-1715	100	16	in	in	ADP
framr-1715	100	17	stock	stock	NOUN
framr-1715	100	18	market	market	NOUN
framr-1715	100	19	due	due	ADP
framr-1715	100	20	to	to	ADP
framr-1715	100	21	which	which	PRON
framr-1715	100	22	holding	hold	VERB
framr-1715	100	23	period	period	NOUN
framr-1715	100	24	returns	return	NOUN
framr-1715	100	25	were	be	AUX
framr-1715	100	26	not	not	PART
framr-1715	100	27	efficient	efficient	ADJ
framr-1715	100	28	because	because	SCONJ
framr-1715	100	29	share	share	NOUN
framr-1715	100	30	price	price	NOUN
framr-1715	100	31	of	of	ADP
framr-1715	100	32	firms	firm	NOUN
framr-1715	100	33	were	be	AUX
framr-1715	100	34	not	not	PART
framr-1715	100	35	stable	stable	ADJ
framr-1715	100	36	and	and	CCONJ
framr-1715	100	37	fluctuation	fluctuation	NOUN
framr-1715	100	38	took	take	VERB
framr-1715	100	39	place	place	NOUN
framr-1715	100	40	in	in	ADP
framr-1715	100	41	firms	firm	NOUN
framr-1715	100	42	and	and	CCONJ
framr-1715	100	43	the	the	DET
framr-1715	100	44	study	study	NOUN
framr-1715	100	45	proved	prove	VERB
framr-1715	100	46	that	that	SCONJ
framr-1715	100	47	dividend	dividend	NOUN
framr-1715	100	48	payout	payout	NOUN
framr-1715	100	49	ratio	ratio	NOUN
framr-1715	100	50	had	have	VERB
framr-1715	100	51	insignificant	insignificant	ADJ
framr-1715	100	52	relationship	relationship	NOUN
framr-1715	100	53	with	with	ADP
framr-1715	100	54	holding	hold	VERB
framr-1715	100	55	period	period	NOUN
framr-1715	100	56	yield	yield	NOUN
framr-1715	100	57	.	.	PUNCT
framr-1715	101	1	atiyet	atiyet	ADV
framr-1715	101	2	(	(	PUNCT
framr-1715	101	3	2012	2012	NUM
framr-1715	101	4	)	)	PUNCT
framr-1715	101	5	,	,	PUNCT
framr-1715	101	6	in	in	ADP
framr-1715	101	7	a	a	DET
framr-1715	101	8	study	study	NOUN
framr-1715	101	9	titled	title	VERB
framr-1715	101	10	“	"	PUNCT
framr-1715	101	11	the	the	DET
framr-1715	101	12	impact	impact	NOUN
framr-1715	101	13	of	of	ADP
framr-1715	101	14	financing	financing	NOUN
framr-1715	101	15	decision	decision	NOUN
framr-1715	101	16	on	on	ADP
framr-1715	101	17	the	the	DET
framr-1715	101	18	shareholder	shareholder	NOUN
framr-1715	101	19	value	value	NOUN
framr-1715	101	20	creation	creation	NOUN
framr-1715	101	21	”	"	PUNCT
framr-1715	101	22	covered	cover	VERB
framr-1715	101	23	88	88	NUM
framr-1715	101	24	firms	firm	NOUN
framr-1715	101	25	listed	list	VERB
framr-1715	101	26	on	on	ADP
framr-1715	101	27	french	french	ADJ
framr-1715	101	28	stock	stock	NOUN
framr-1715	101	29	exchange	exchange	NOUN
framr-1715	101	30	.	.	PUNCT
framr-1715	102	1	shareholders	shareholder	NOUN
framr-1715	102	2	’	'	PUNCT
framr-1715	102	3	wealth	wealth	NOUN
framr-1715	102	4	creation	creation	NOUN
framr-1715	102	5	was	be	AUX
framr-1715	102	6	a	a	DET
framr-1715	102	7	response	response	NOUN
framr-1715	102	8	variable	variable	NOUN
framr-1715	102	9	while	while	SCONJ
framr-1715	102	10	equity	equity	NOUN
framr-1715	102	11	issue	issue	NOUN
framr-1715	102	12	,	,	PUNCT
framr-1715	102	13	debt	debt	NOUN
framr-1715	102	14	,	,	PUNCT
framr-1715	102	15	growth	growth	NOUN
framr-1715	102	16	rate	rate	NOUN
framr-1715	102	17	,	,	PUNCT
framr-1715	102	18	profitability	profitability	NOUN
framr-1715	102	19	,	,	PUNCT
framr-1715	102	20	investment	investment	NOUN
framr-1715	102	21	opportunities	opportunity	NOUN
framr-1715	102	22	,	,	PUNCT
framr-1715	102	23	and	and	CCONJ
framr-1715	102	24	size	size	NOUN
framr-1715	102	25	were	be	AUX
framr-1715	102	26	considered	consider	VERB
framr-1715	102	27	as	as	ADP
framr-1715	102	28	predictor	predictor	NOUN
framr-1715	102	29	variables	variable	NOUN
framr-1715	102	30	.	.	PUNCT
framr-1715	103	1	statistical	statistical	ADJ
framr-1715	103	2	tools	tool	NOUN
framr-1715	103	3	like	like	ADP
framr-1715	103	4	regression	regression	NOUN
framr-1715	103	5	and	and	CCONJ
framr-1715	103	6	correlation	correlation	NOUN
framr-1715	103	7	were	be	AUX
framr-1715	103	8	used	use	VERB
framr-1715	103	9	to	to	PART
framr-1715	103	10	ascertain	ascertain	VERB
framr-1715	103	11	the	the	DET
framr-1715	103	12	best	well	ADV
framr-1715	103	13	fitted	fit	VERB
framr-1715	103	14	model	model	NOUN
framr-1715	103	15	for	for	ADP
framr-1715	103	16	the	the	DET
framr-1715	103	17	impact	impact	NOUN
framr-1715	103	18	of	of	ADP
framr-1715	103	19	financing	finance	VERB
framr-1715	103	20	decision	decision	NOUN
framr-1715	103	21	on	on	ADP
framr-1715	103	22	shareholders	shareholder	NOUN
framr-1715	103	23	’	'	PUNCT
framr-1715	103	24	value	value	NOUN
framr-1715	103	25	creation	creation	NOUN
framr-1715	103	26	.	.	PUNCT
framr-1715	104	1	the	the	DET
framr-1715	104	2	result	result	NOUN
framr-1715	104	3	showed	show	VERB
framr-1715	104	4	that	that	SCONJ
framr-1715	104	5	growth	growth	NOUN
framr-1715	104	6	,	,	PUNCT
framr-1715	104	7	profitability	profitability	NOUN
framr-1715	104	8	,	,	PUNCT
framr-1715	104	9	financial	financial	ADJ
framr-1715	104	10	debt	debt	NOUN
framr-1715	104	11	and	and	CCONJ
framr-1715	104	12	size	size	NOUN
framr-1715	104	13	of	of	ADP
framr-1715	104	14	the	the	DET
framr-1715	104	15	firm	firm	NOUN
framr-1715	104	16	had	have	VERB
framr-1715	104	17	significant	significant	ADJ
framr-1715	104	18	impact	impact	NOUN
framr-1715	104	19	on	on	ADP
framr-1715	104	20	shareholders	shareholder	NOUN
framr-1715	104	21	’	'	PUNCT
framr-1715	104	22	wealth	wealth	NOUN
framr-1715	104	23	.	.	PUNCT
framr-1715	105	1	financial	financial	ADJ
framr-1715	105	2	risk	risk	NOUN
framr-1715	105	3	and	and	CCONJ
framr-1715	105	4	management	management	NOUN
framr-1715	105	5	reviews	review	NOUN
framr-1715	105	6	,	,	PUNCT
framr-1715	105	7	2015	2015	NUM
framr-1715	105	8	,	,	PUNCT
framr-1715	105	9	1(1):8	1(1):8	PROPN
framr-1715	105	10	-	-	SYM
framr-1715	105	11	26	26	NUM
framr-1715	105	12	14	14	NUM
framr-1715	105	13	©	©	PROPN
framr-1715	105	14	2015	2015	NUM
framr-1715	105	15	conscientia	conscientia	PROPN
framr-1715	105	16	beam	beam	PROPN
framr-1715	105	17	.	.	PUNCT
framr-1715	106	1	all	all	DET
framr-1715	106	2	rights	right	NOUN
framr-1715	106	3	reserved	reserve	VERB
framr-1715	106	4	.	.	PUNCT
framr-1715	107	1	chidinma	chidinma	PROPN
framr-1715	107	2	et	et	PROPN
framr-1715	107	3	al	al	PROPN
framr-1715	107	4	.	.	PUNCT
framr-1715	108	1	(	(	PUNCT
framr-1715	108	2	2013),in	2013),in	NUM
framr-1715	108	3	their	their	PRON
framr-1715	108	4	study	study	NOUN
framr-1715	108	5	titled	title	VERB
framr-1715	108	6	“	"	PUNCT
framr-1715	108	7	shareholders	shareholder	NOUN
framr-1715	108	8	’	'	PUNCT
framr-1715	108	9	value	value	NOUN
framr-1715	108	10	and	and	CCONJ
framr-1715	108	11	firms	firm	NOUN
framr-1715	108	12	’	'	PUNCT
framr-1715	108	13	dividend	dividend	NOUN
framr-1715	108	14	policy	policy	NOUN
framr-1715	108	15	:	:	PUNCT
framr-1715	108	16	evidence	evidence	NOUN
framr-1715	108	17	from	from	ADP
framr-1715	108	18	public	public	ADJ
framr-1715	108	19	firms	firm	NOUN
framr-1715	108	20	on	on	ADP
framr-1715	108	21	nigeria	nigeria	PROPN
framr-1715	108	22	stock	stock	PROPN
framr-1715	108	23	exchange	exchange	PROPN
framr-1715	108	24	”	"	PUNCT
framr-1715	108	25	used	use	VERB
framr-1715	108	26	secondary	secondary	ADJ
framr-1715	108	27	data	datum	NOUN
framr-1715	108	28	of	of	ADP
framr-1715	108	29	216	216	NUM
framr-1715	108	30	public	public	ADJ
framr-1715	108	31	limited	limited	ADJ
framr-1715	108	32	firms	firm	NOUN
framr-1715	108	33	listed	list	VERB
framr-1715	108	34	on	on	ADP
framr-1715	108	35	nigerian	nigerian	ADJ
framr-1715	108	36	stock	stock	NOUN
framr-1715	108	37	exchange	exchange	NOUN
framr-1715	108	38	for	for	ADP
framr-1715	108	39	the	the	DET
framr-1715	108	40	period	period	NOUN
framr-1715	108	41	of	of	ADP
framr-1715	108	42	2000	2000	NUM
framr-1715	108	43	-	-	SYM
framr-1715	108	44	2011	2011	NUM
framr-1715	108	45	.	.	PUNCT
framr-1715	109	1	dividend	dividend	NOUN
framr-1715	109	2	per	per	ADP
framr-1715	109	3	share	share	NOUN
framr-1715	109	4	(	(	PUNCT
framr-1715	109	5	dps	dps	NOUN
framr-1715	109	6	)	)	PUNCT
framr-1715	109	7	was	be	AUX
framr-1715	109	8	considered	consider	VERB
framr-1715	109	9	as	as	ADP
framr-1715	109	10	response	response	NOUN
framr-1715	109	11	variable	variable	NOUN
framr-1715	109	12	,	,	PUNCT
framr-1715	109	13	while	while	SCONJ
framr-1715	109	14	earnings	earning	NOUN
framr-1715	109	15	per	per	ADP
framr-1715	109	16	share	share	NOUN
framr-1715	109	17	(	(	PUNCT
framr-1715	109	18	eps	eps	NOUN
framr-1715	109	19	)	)	PUNCT
framr-1715	109	20	and	and	CCONJ
framr-1715	109	21	market	market	NOUN
framr-1715	109	22	price	price	NOUN
framr-1715	109	23	per	per	ADP
framr-1715	109	24	share	share	NOUN
framr-1715	109	25	(	(	PUNCT
framr-1715	109	26	mps	mps	PROPN
framr-1715	109	27	)	)	PUNCT
framr-1715	109	28	were	be	AUX
framr-1715	109	29	considered	consider	VERB
framr-1715	109	30	as	as	ADP
framr-1715	109	31	predictor	predictor	NOUN
framr-1715	109	32	variables	variable	NOUN
framr-1715	109	33	.	.	PUNCT
framr-1715	110	1	the	the	DET
framr-1715	110	2	study	study	NOUN
framr-1715	110	3	found	find	VERB
framr-1715	110	4	that	that	SCONJ
framr-1715	110	5	earnings	earning	NOUN
framr-1715	110	6	per	per	ADP
framr-1715	110	7	share	share	NOUN
framr-1715	110	8	and	and	CCONJ
framr-1715	110	9	market	market	NOUN
framr-1715	110	10	price	price	NOUN
framr-1715	110	11	per	per	ADP
framr-1715	110	12	share	share	NOUN
framr-1715	110	13	had	have	VERB
framr-1715	110	14	significant	significant	ADJ
framr-1715	110	15	impact	impact	NOUN
framr-1715	110	16	on	on	ADP
framr-1715	110	17	sw	sw	PROPN
framr-1715	110	18	;	;	PUNCT
framr-1715	110	19	a	a	DET
framr-1715	110	20	high	high	ADJ
framr-1715	110	21	dividend	dividend	NOUN
framr-1715	110	22	payout	payout	NOUN
framr-1715	110	23	increases	increase	VERB
framr-1715	110	24	the	the	DET
framr-1715	110	25	market	market	NOUN
framr-1715	110	26	value	value	NOUN
framr-1715	110	27	of	of	ADP
framr-1715	110	28	shares	share	NOUN
framr-1715	110	29	and	and	CCONJ
framr-1715	110	30	thus	thus	ADV
framr-1715	110	31	,	,	PUNCT
framr-1715	110	32	the	the	DET
framr-1715	110	33	shareholders	shareholder	NOUN
framr-1715	110	34	’	'	PUNCT
framr-1715	110	35	value	value	NOUN
framr-1715	110	36	.	.	PUNCT
framr-1715	111	1	kumaresan	kumaresan	PROPN
framr-1715	111	2	(	(	PUNCT
framr-1715	111	3	2014	2014	NUM
framr-1715	111	4	)	)	PUNCT
framr-1715	111	5	,	,	PUNCT
framr-1715	111	6	in	in	ADP
framr-1715	111	7	a	a	DET
framr-1715	111	8	study	study	NOUN
framr-1715	111	9	titled	title	VERB
framr-1715	111	10	“	"	PUNCT
framr-1715	111	11	impact	impact	NOUN
framr-1715	111	12	of	of	ADP
framr-1715	111	13	dividend	dividend	NOUN
framr-1715	111	14	policy	policy	NOUN
framr-1715	111	15	on	on	ADP
framr-1715	111	16	shareholders	shareholder	NOUN
framr-1715	111	17	’	'	PUNCT
framr-1715	111	18	wealth	wealth	NOUN
framr-1715	111	19	:	:	PUNCT
framr-1715	111	20	a	a	DET
framr-1715	111	21	study	study	NOUN
framr-1715	111	22	of	of	ADP
framr-1715	111	23	listed	list	VERB
framr-1715	111	24	firms	firm	NOUN
framr-1715	111	25	in	in	ADP
framr-1715	111	26	hotels	hotel	NOUN
framr-1715	111	27	and	and	CCONJ
framr-1715	111	28	travels	travel	VERB
framr-1715	111	29	sector	sector	NOUN
framr-1715	111	30	of	of	ADP
framr-1715	111	31	sri	sri	PROPN
framr-1715	111	32	lanka	lanka	PROPN
framr-1715	111	33	”	"	PUNCT
framr-1715	111	34	focused	focus	VERB
framr-1715	111	35	on	on	ADP
framr-1715	111	36	top	top	ADJ
framr-1715	111	37	ten	ten	NUM
framr-1715	111	38	firms	firm	NOUN
framr-1715	111	39	under	under	ADP
framr-1715	111	40	hotel	hotel	NOUN
framr-1715	111	41	and	and	CCONJ
framr-1715	111	42	travel	travel	NOUN
framr-1715	111	43	sectors	sector	NOUN
framr-1715	111	44	in	in	ADP
framr-1715	111	45	sri	sri	PROPN
framr-1715	111	46	lanka	lanka	PROPN
framr-1715	111	47	during	during	ADP
framr-1715	111	48	the	the	DET
framr-1715	111	49	period	period	NOUN
framr-1715	111	50	from	from	ADP
framr-1715	111	51	2008	2008	NUM
framr-1715	111	52	to	to	ADP
framr-1715	111	53	2012	2012	NUM
framr-1715	111	54	.	.	PUNCT
framr-1715	112	1	shareholders	shareholder	NOUN
framr-1715	112	2	’	'	PUNCT
framr-1715	112	3	wealth	wealth	NOUN
framr-1715	112	4	(	(	PUNCT
framr-1715	112	5	eps	eps	PROPN
framr-1715	112	6	)	)	PUNCT
framr-1715	112	7	was	be	AUX
framr-1715	112	8	considered	consider	VERB
framr-1715	112	9	as	as	ADP
framr-1715	112	10	response	response	NOUN
framr-1715	112	11	variable	variable	ADJ
framr-1715	112	12	while	while	SCONJ
framr-1715	112	13	predictor	predictor	NOUN
framr-1715	112	14	variables	variable	NOUN
framr-1715	112	15	were	be	AUX
framr-1715	112	16	:	:	PUNCT
framr-1715	112	17	return	return	VERB
framr-1715	112	18	on	on	ADP
framr-1715	112	19	equity	equity	NOUN
framr-1715	112	20	(	(	PUNCT
framr-1715	112	21	roe	roe	PROPN
framr-1715	112	22	)	)	PUNCT
framr-1715	112	23	,	,	PUNCT
framr-1715	112	24	dividend	dividend	VERB
framr-1715	112	25	payout	payout	NOUN
framr-1715	112	26	ratio	ratio	NOUN
framr-1715	112	27	(	(	PUNCT
framr-1715	112	28	dpr	dpr	PROPN
framr-1715	112	29	)	)	PUNCT
framr-1715	112	30	,	,	PUNCT
framr-1715	112	31	dividend	dividend	NOUN
framr-1715	112	32	per	per	ADP
framr-1715	112	33	share	share	NOUN
framr-1715	112	34	(	(	PUNCT
framr-1715	112	35	dps	dps	NOUN
framr-1715	112	36	)	)	PUNCT
framr-1715	112	37	and	and	CCONJ
framr-1715	112	38	retention	retention	NOUN
framr-1715	112	39	ratio	ratio	NOUN
framr-1715	112	40	(	(	PUNCT
framr-1715	112	41	rr	rr	NOUN
framr-1715	112	42	)	)	PUNCT
framr-1715	112	43	.	.	PUNCT
framr-1715	113	1	the	the	DET
framr-1715	113	2	study	study	NOUN
framr-1715	113	3	used	use	VERB
framr-1715	113	4	correlation	correlation	NOUN
framr-1715	113	5	and	and	CCONJ
framr-1715	113	6	regression	regression	NOUN
framr-1715	113	7	to	to	PART
framr-1715	113	8	analyse	analyse	VERB
framr-1715	113	9	the	the	DET
framr-1715	113	10	data	datum	NOUN
framr-1715	113	11	collected	collect	VERB
framr-1715	113	12	from	from	ADP
framr-1715	113	13	top	top	ADJ
framr-1715	113	14	ten	ten	NUM
framr-1715	113	15	listed	list	VERB
framr-1715	113	16	firms	firm	NOUN
framr-1715	113	17	under	under	ADP
framr-1715	113	18	hotel	hotel	NOUN
framr-1715	113	19	and	and	CCONJ
framr-1715	113	20	travel	travel	NOUN
framr-1715	113	21	sectors	sector	NOUN
framr-1715	113	22	.	.	PUNCT
framr-1715	114	1	the	the	DET
framr-1715	114	2	study	study	NOUN
framr-1715	114	3	found	find	VERB
framr-1715	114	4	that	that	SCONJ
framr-1715	114	5	there	there	PRON
framr-1715	114	6	was	be	VERB
framr-1715	114	7	a	a	DET
framr-1715	114	8	positive	positive	ADJ
framr-1715	114	9	relationship	relationship	NOUN
framr-1715	114	10	between	between	ADP
framr-1715	114	11	return	return	NOUN
framr-1715	114	12	on	on	ADP
framr-1715	114	13	equity	equity	NOUN
framr-1715	114	14	(	(	PUNCT
framr-1715	114	15	roe	roe	PROPN
framr-1715	114	16	)	)	PUNCT
framr-1715	114	17	,	,	PUNCT
framr-1715	114	18	dividend	dividend	NOUN
framr-1715	114	19	per	per	ADP
framr-1715	114	20	share	share	NOUN
framr-1715	114	21	(	(	PUNCT
framr-1715	114	22	dps	dps	NOUN
framr-1715	114	23	)	)	PUNCT
framr-1715	114	24	and	and	CCONJ
framr-1715	114	25	dividend	dividend	VERB
framr-1715	114	26	payout	payout	NOUN
framr-1715	114	27	ratio	ratio	NOUN
framr-1715	114	28	(	(	PUNCT
framr-1715	114	29	dpo	dpo	NOUN
framr-1715	114	30	)	)	PUNCT
framr-1715	114	31	and	and	CCONJ
framr-1715	114	32	shareholders	shareholder	NOUN
framr-1715	114	33	’	'	PUNCT
framr-1715	114	34	wealth	wealth	NOUN
framr-1715	114	35	(	(	PUNCT
framr-1715	114	36	sw	sw	PROPN
framr-1715	114	37	)	)	PUNCT
framr-1715	114	38	of	of	ADP
framr-1715	114	39	the	the	DET
framr-1715	114	40	selected	select	VERB
framr-1715	114	41	firms	firm	NOUN
framr-1715	114	42	under	under	ADP
framr-1715	114	43	hotel	hotel	NOUN
framr-1715	114	44	and	and	CCONJ
framr-1715	114	45	travel	travel	NOUN
framr-1715	114	46	sectors	sector	NOUN
framr-1715	114	47	in	in	ADP
framr-1715	114	48	sri	sri	PROPN
framr-1715	114	49	lanka	lanka	PROPN
framr-1715	114	50	and	and	CCONJ
framr-1715	114	51	the	the	DET
framr-1715	114	52	study	study	NOUN
framr-1715	114	53	also	also	ADV
framr-1715	114	54	proved	prove	VERB
framr-1715	114	55	that	that	SCONJ
framr-1715	114	56	there	there	PRON
framr-1715	114	57	was	be	VERB
framr-1715	114	58	a	a	DET
framr-1715	114	59	negative	negative	ADJ
framr-1715	114	60	relationship	relationship	NOUN
framr-1715	114	61	between	between	ADP
framr-1715	114	62	retention	retention	NOUN
framr-1715	114	63	ratio	ratio	NOUN
framr-1715	114	64	and	and	CCONJ
framr-1715	114	65	shareholders	shareholder	NOUN
framr-1715	114	66	’	'	PUNCT
framr-1715	114	67	wealth	wealth	NOUN
framr-1715	114	68	.	.	PUNCT
framr-1715	115	1	uwuigbe	uwuigbe	NOUN
framr-1715	115	2	et	et	PROPN
framr-1715	115	3	al	al	PROPN
framr-1715	115	4	.	.	PROPN
framr-1715	116	1	(	(	PUNCT
framr-1715	116	2	2012	2012	NUM
framr-1715	116	3	)	)	PUNCT
framr-1715	116	4	studied	study	VERB
framr-1715	116	5	the	the	DET
framr-1715	116	6	relationship	relationship	NOUN
framr-1715	116	7	between	between	ADP
framr-1715	116	8	financial	financial	ADJ
framr-1715	116	9	performance	performance	NOUN
framr-1715	116	10	and	and	CCONJ
framr-1715	116	11	dividend	dividend	NOUN
framr-1715	116	12	payout	payout	NOUN
framr-1715	116	13	among	among	ADP
framr-1715	116	14	the	the	DET
framr-1715	116	15	listed	list	VERB
framr-1715	116	16	firms	firm	NOUN
framr-1715	116	17	in	in	ADP
framr-1715	116	18	nigeria	nigeria	PROPN
framr-1715	116	19	for	for	ADP
framr-1715	116	20	a	a	DET
framr-1715	116	21	period	period	NOUN
framr-1715	116	22	of	of	ADP
framr-1715	116	23	five	five	NUM
framr-1715	116	24	years	year	NOUN
framr-1715	116	25	i.e.	i.e.	X
framr-1715	116	26	2005	2005	NUM
framr-1715	116	27	-	-	SYM
framr-1715	116	28	2010	2010	NUM
framr-1715	116	29	and	and	CCONJ
framr-1715	116	30	found	find	VERB
framr-1715	116	31	that	that	SCONJ
framr-1715	116	32	there	there	PRON
framr-1715	116	33	was	be	VERB
framr-1715	116	34	a	a	DET
framr-1715	116	35	significant	significant	ADJ
framr-1715	116	36	positive	positive	ADJ
framr-1715	116	37	association	association	NOUN
framr-1715	116	38	between	between	ADP
framr-1715	116	39	the	the	DET
framr-1715	116	40	performance	performance	NOUN
framr-1715	116	41	offirms	offirm	NOUN
framr-1715	116	42	and	and	CCONJ
framr-1715	116	43	the	the	DET
framr-1715	116	44	dividend	dividend	NOUN
framr-1715	116	45	payout;ownership	payout;ownership	NOUN
framr-1715	116	46	structure	structure	NOUN
framr-1715	116	47	and	and	CCONJ
framr-1715	116	48	firm	firm	NOUN
framr-1715	116	49	’s	’s	PART
framr-1715	116	50	size	size	NOUN
framr-1715	116	51	on	on	ADP
framr-1715	116	52	dividend	dividend	NOUN
framr-1715	116	53	payout	payout	NOUN
framr-1715	116	54	of	of	ADP
framr-1715	116	55	the	the	DET
framr-1715	116	56	firms	firm	NOUN
framr-1715	116	57	.	.	PUNCT
framr-1715	117	1	rafique	rafique	PROPN
framr-1715	117	2	(	(	PUNCT
framr-1715	117	3	2012	2012	NUM
framr-1715	117	4	)	)	PUNCT
framr-1715	117	5	examined	examine	VERB
framr-1715	117	6	the	the	DET
framr-1715	117	7	“	"	PUNCT
framr-1715	117	8	factors	factor	NOUN
framr-1715	117	9	affecting	affect	VERB
framr-1715	117	10	the	the	DET
framr-1715	117	11	dividend	dividend	NOUN
framr-1715	117	12	payout	payout	NOUN
framr-1715	117	13	of	of	ADP
framr-1715	117	14	listed	list	VERB
framr-1715	117	15	non	non	ADJ
framr-1715	117	16	-	-	ADJ
framr-1715	117	17	financial	financial	ADJ
framr-1715	117	18	firms	firm	NOUN
framr-1715	117	19	of	of	ADP
framr-1715	117	20	karachi	karachi	PROPN
framr-1715	117	21	stock	stock	PROPN
framr-1715	117	22	exchange	exchange	PROPN
framr-1715	117	23	”	"	PUNCT
framr-1715	117	24	with	with	ADP
framr-1715	117	25	a	a	DET
framr-1715	117	26	sample	sample	NOUN
framr-1715	117	27	of	of	ADP
framr-1715	117	28	53	53	NUM
framr-1715	117	29	firms	firm	NOUN
framr-1715	117	30	listed	list	VERB
framr-1715	117	31	as	as	ADP
framr-1715	117	32	non	non	ADJ
framr-1715	117	33	–	–	PUNCT
framr-1715	117	34	financial	financial	ADJ
framr-1715	117	35	firms	firm	NOUN
framr-1715	117	36	on	on	ADP
framr-1715	117	37	the	the	DET
framr-1715	117	38	karachi	karachi	PROPN
framr-1715	117	39	stock	stock	PROPN
framr-1715	117	40	exchange	exchange	PROPN
framr-1715	117	41	for	for	ADP
framr-1715	117	42	the	the	DET
framr-1715	117	43	period	period	NOUN
framr-1715	117	44	2005	2005	NUM
framr-1715	117	45	-	-	SYM
framr-1715	117	46	2010	2010	NUM
framr-1715	117	47	.	.	PUNCT
framr-1715	118	1	the	the	DET
framr-1715	118	2	data	datum	NOUN
framr-1715	118	3	were	be	AUX
framr-1715	118	4	found	find	VERB
framr-1715	118	5	to	to	PART
framr-1715	118	6	be	be	AUX
framr-1715	118	7	homoskedastic	homoskedastic	ADJ
framr-1715	118	8	and	and	CCONJ
framr-1715	118	9	free	free	ADJ
framr-1715	118	10	of	of	ADP
framr-1715	118	11	auto	auto	NOUN
framr-1715	118	12	correlation	correlation	NOUN
framr-1715	118	13	and	and	CCONJ
framr-1715	118	14	the	the	DET
framr-1715	118	15	regression	regression	NOUN
framr-1715	118	16	results	result	NOUN
framr-1715	118	17	revealed	reveal	VERB
framr-1715	118	18	that	that	SCONJ
framr-1715	118	19	corporate	corporate	ADJ
framr-1715	118	20	tax	tax	NOUN
framr-1715	118	21	(	(	PUNCT
framr-1715	118	22	ct	ct	NOUN
framr-1715	118	23	)	)	PUNCT
framr-1715	118	24	and	and	CCONJ
framr-1715	118	25	firms	firm	NOUN
framr-1715	118	26	’	’	PART
framr-1715	118	27	size	size	NOUN
framr-1715	118	28	(	(	PUNCT
framr-1715	118	29	fs	fs	PROPN
framr-1715	118	30	)	)	PUNCT
framr-1715	118	31	had	have	VERB
framr-1715	118	32	significant	significant	ADJ
framr-1715	118	33	relationship	relationship	NOUN
framr-1715	118	34	with	with	ADP
framr-1715	118	35	dp	dp	NOUN
framr-1715	118	36	of	of	ADP
framr-1715	118	37	firms	firm	NOUN
framr-1715	118	38	.	.	PUNCT
framr-1715	119	1	azhagaiah	azhagaiah	PROPN
framr-1715	119	2	and	and	CCONJ
framr-1715	119	3	veeramuthu	veeramuthu	PROPN
framr-1715	119	4	(	(	PUNCT
framr-1715	119	5	2010	2010	NUM
framr-1715	119	6	)	)	PUNCT
framr-1715	119	7	examined	examine	VERB
framr-1715	119	8	the	the	DET
framr-1715	119	9	association	association	NOUN
framr-1715	119	10	between	between	ADP
framr-1715	119	11	corporate	corporate	ADJ
framr-1715	119	12	leverage	leverage	NOUN
framr-1715	119	13	and	and	CCONJ
framr-1715	119	14	dp	dp	NOUN
framr-1715	119	15	of	of	ADP
framr-1715	119	16	the	the	DET
framr-1715	119	17	firms	firm	NOUN
framr-1715	119	18	across	across	ADP
framr-1715	119	19	sectors	sector	NOUN
framr-1715	119	20	in	in	ADP
framr-1715	119	21	india	india	PROPN
framr-1715	119	22	on	on	ADP
framr-1715	119	23	panel	panel	NOUN
framr-1715	119	24	data	datum	NOUN
framr-1715	119	25	of	of	ADP
framr-1715	119	26	73	73	NUM
framr-1715	119	27	firms	firm	NOUN
framr-1715	119	28	for	for	ADP
framr-1715	119	29	a	a	DET
framr-1715	119	30	period	period	NOUN
framr-1715	119	31	1996	1996	NUM
framr-1715	119	32	-	-	SYM
framr-1715	119	33	2007	2007	NUM
framr-1715	119	34	.	.	PUNCT
framr-1715	120	1	the	the	DET
framr-1715	120	2	study	study	NOUN
framr-1715	120	3	proved	prove	VERB
framr-1715	120	4	that	that	SCONJ
framr-1715	120	5	there	there	PRON
framr-1715	120	6	was	be	VERB
framr-1715	120	7	a	a	DET
framr-1715	120	8	significant	significant	ADJ
framr-1715	120	9	impact	impact	NOUN
framr-1715	120	10	of	of	ADP
framr-1715	120	11	selected	select	VERB
framr-1715	120	12	predictor	predictor	NOUN
framr-1715	120	13	variables	variable	NOUN
framr-1715	120	14	on	on	ADP
framr-1715	120	15	dividend	dividend	NOUN
framr-1715	120	16	behavior	behavior	NOUN
framr-1715	120	17	;	;	PUNCT
framr-1715	120	18	the	the	DET
framr-1715	120	19	dp	dp	NOUN
framr-1715	120	20	of	of	ADP
framr-1715	120	21	small	small	ADJ
framr-1715	120	22	size	size	NOUN
framr-1715	120	23	,	,	PUNCT
framr-1715	120	24	medium	medium	NOUN
framr-1715	120	25	size	size	NOUN
framr-1715	120	26	and	and	CCONJ
framr-1715	120	27	large	large	ADJ
framr-1715	120	28	size	size	NOUN
framr-1715	120	29	firms	firm	NOUN
framr-1715	120	30	and	and	CCONJ
framr-1715	120	31	overall	overall	ADJ
framr-1715	120	32	corporate	corporate	ADJ
framr-1715	120	33	firms	firm	NOUN
framr-1715	120	34	across	across	ADP
framr-1715	120	35	sectors	sector	NOUN
framr-1715	120	36	in	in	ADP
framr-1715	120	37	india	india	PROPN
framr-1715	120	38	was	be	AUX
framr-1715	120	39	dependent	dependent	ADJ
framr-1715	120	40	on	on	ADP
framr-1715	120	41	the	the	DET
framr-1715	120	42	debt	debt	NOUN
framr-1715	120	43	–	–	PUNCT
framr-1715	120	44	equity	equity	NOUN
framr-1715	120	45	ratio	ratio	NOUN
framr-1715	120	46	.	.	PUNCT
framr-1715	121	1	2.1	2.1	NUM
framr-1715	121	2	.	.	PUNCT
framr-1715	121	3	objectives	objective	NOUN
framr-1715	121	4	and	and	CCONJ
framr-1715	121	5	hypotheses	hypothese	VERB
framr-1715	121	6	development	development	NOUN
framr-1715	121	7	for	for	ADP
framr-1715	121	8	the	the	DET
framr-1715	121	9	study	study	NOUN
framr-1715	121	10	the	the	DET
framr-1715	121	11	main	main	ADJ
framr-1715	121	12	objective	objective	NOUN
framr-1715	121	13	of	of	ADP
framr-1715	121	14	the	the	DET
framr-1715	121	15	study	study	NOUN
framr-1715	121	16	is	be	AUX
framr-1715	121	17	to	to	PART
framr-1715	121	18	empirically	empirically	ADV
framr-1715	121	19	analyze	analyze	VERB
framr-1715	121	20	the	the	DET
framr-1715	121	21	impact	impact	NOUN
framr-1715	121	22	of	of	ADP
framr-1715	121	23	dividend	dividend	NOUN
framr-1715	121	24	policy	policy	NOUN
framr-1715	121	25	on	on	ADP
framr-1715	121	26	shareholders	shareholder	NOUN
framr-1715	121	27	’	'	PUNCT
framr-1715	121	28	wealth	wealth	NOUN
framr-1715	121	29	.	.	PUNCT
framr-1715	122	1	the	the	DET
framr-1715	122	2	following	follow	VERB
framr-1715	122	3	are	be	AUX
framr-1715	122	4	the	the	DET
framr-1715	122	5	specific	specific	ADJ
framr-1715	122	6	objectives	objective	NOUN
framr-1715	122	7	of	of	ADP
framr-1715	122	8	the	the	DET
framr-1715	122	9	study	study	NOUN
framr-1715	122	10	:	:	PUNCT
framr-1715	122	11			VERB
framr-1715	122	12	to	to	PART
framr-1715	122	13	study	study	VERB
framr-1715	122	14	the	the	DET
framr-1715	122	15	relationship	relationship	NOUN
framr-1715	122	16	between	between	ADP
framr-1715	122	17	dividend	dividend	NOUN
framr-1715	122	18	policy	policy	NOUN
framr-1715	122	19	and	and	CCONJ
framr-1715	122	20	shareholders	shareholder	NOUN
framr-1715	122	21	’	'	PUNCT
framr-1715	122	22	wealth	wealth	NOUN
framr-1715	122	23	of	of	ADP
framr-1715	122	24	fmcg	fmcg	PROPN
framr-1715	122	25	sector	sector	NOUN
framr-1715	122	26	in	in	ADP
framr-1715	122	27	india	india	PROPN
framr-1715	122	28	before	before	ADP
framr-1715	122	29	financial	financial	ADJ
framr-1715	122	30	melt	melt	VERB
framr-1715	122	31	down	down	ADP
framr-1715	122	32	and	and	CCONJ
framr-1715	122	33	after	after	ADP
framr-1715	122	34	financial	financial	ADJ
framr-1715	122	35	melt	melt	NOUN
framr-1715	122	36	down	down	ADP
framr-1715	122	37	.	.	PUNCT
framr-1715	123	1	financial	financial	ADJ
framr-1715	123	2	risk	risk	NOUN
framr-1715	123	3	and	and	CCONJ
framr-1715	123	4	management	management	NOUN
framr-1715	123	5	reviews	review	NOUN
framr-1715	123	6	,	,	PUNCT
framr-1715	123	7	2015	2015	NUM
framr-1715	123	8	,	,	PUNCT
framr-1715	123	9	1(1):8	1(1):8	PROPN
framr-1715	123	10	-	-	SYM
framr-1715	123	11	26	26	NUM
framr-1715	123	12	15	15	NUM
framr-1715	123	13	©	©	PROPN
framr-1715	123	14	2015	2015	NUM
framr-1715	123	15	conscientia	conscientia	PROPN
framr-1715	123	16	beam	beam	PROPN
framr-1715	123	17	.	.	PUNCT
framr-1715	124	1	all	all	DET
framr-1715	124	2	rights	right	NOUN
framr-1715	124	3	reserved	reserve	VERB
framr-1715	124	4	.	.	PUNCT
framr-1715	125	1			VERB
framr-1715	125	2	to	to	PART
framr-1715	125	3	analyze	analyze	VERB
framr-1715	125	4	the	the	DET
framr-1715	125	5	variation	variation	NOUN
framr-1715	125	6	in	in	ADP
framr-1715	125	7	studying	study	VERB
framr-1715	125	8	the	the	DET
framr-1715	125	9	impact	impact	NOUN
framr-1715	125	10	of	of	ADP
framr-1715	125	11	selected	select	VERB
framr-1715	125	12	variables	variable	NOUN
framr-1715	125	13	(	(	PUNCT
framr-1715	125	14	dps	dps	NOUN
framr-1715	125	15	,	,	PUNCT
framr-1715	125	16	rps	rps	PROPN
framr-1715	125	17	,	,	PUNCT
framr-1715	125	18	ear	ear	NOUN
framr-1715	125	19	,	,	PUNCT
framr-1715	125	20	per	per	ADP
framr-1715	125	21	,	,	PUNCT
framr-1715	125	22	lagper	lagper	PROPN
framr-1715	125	23	,	,	PUNCT
framr-1715	125	24	lagmps	lagmps	INTJ
framr-1715	125	25	)	)	PUNCT
framr-1715	125	26	on	on	ADP
framr-1715	125	27	the	the	DET
framr-1715	125	28	sw	sw	PROPN
framr-1715	125	29	(	(	PUNCT
framr-1715	125	30	eps	eps	PROPN
framr-1715	125	31	)	)	PUNCT
framr-1715	125	32	of	of	ADP
framr-1715	125	33	fmcg	fmcg	NOUN
framr-1715	125	34	sector	sector	NOUN
framr-1715	125	35	in	in	ADP
framr-1715	125	36	india	india	PROPN
framr-1715	125	37	.	.	PUNCT
framr-1715	126	1	2.2	2.2	NUM
framr-1715	126	2	.	.	PUNCT
framr-1715	127	1	the	the	DET
framr-1715	127	2	following	follow	VERB
framr-1715	127	3	are	be	AUX
framr-1715	127	4	the	the	DET
framr-1715	127	5	hypotheses	hypothesis	NOUN
framr-1715	127	6	developed	develop	VERB
framr-1715	127	7	for	for	ADP
framr-1715	127	8	the	the	DET
framr-1715	127	9	study	study	NOUN
framr-1715	127	10	h0	h0	NOUN
framr-1715	127	11	1	1	NUM
framr-1715	127	12	:	:	PUNCT
framr-1715	127	13	“	"	PUNCT
framr-1715	127	14	there	there	PRON
framr-1715	127	15	is	be	VERB
framr-1715	127	16	no	no	DET
framr-1715	127	17	significant	significant	ADJ
framr-1715	127	18	impact	impact	NOUN
framr-1715	127	19	of	of	ADP
framr-1715	127	20	dividend	dividend	NOUN
framr-1715	127	21	per	per	ADP
framr-1715	127	22	share	share	NOUN
framr-1715	127	23	(	(	PUNCT
framr-1715	127	24	dps	dps	NOUN
framr-1715	127	25	)	)	PUNCT
framr-1715	127	26	on	on	ADP
framr-1715	127	27	earnings	earning	NOUN
framr-1715	127	28	per	per	ADP
framr-1715	127	29	share	share	NOUN
framr-1715	127	30	(	(	PUNCT
framr-1715	127	31	eps	eps	PROPN
framr-1715	127	32	)	)	PUNCT
framr-1715	127	33	(	(	PUNCT
framr-1715	127	34	sw	sw	PROPN
framr-1715	127	35	)	)	PUNCT
framr-1715	127	36	before	before	ADP
framr-1715	127	37	global	global	ADJ
framr-1715	127	38	financial	financial	ADJ
framr-1715	127	39	melt	melt	NOUN
framr-1715	127	40	down	down	ADP
framr-1715	127	41	”	"	PUNCT
framr-1715	127	42	.	.	PUNCT
framr-1715	128	1	h0	h0	PROPN
framr-1715	128	2	2	2	NUM
framr-1715	128	3	:	:	PUNCT
framr-1715	128	4	“	"	PUNCT
framr-1715	128	5	there	there	PRON
framr-1715	128	6	is	be	VERB
framr-1715	128	7	no	no	DET
framr-1715	128	8	significant	significant	ADJ
framr-1715	128	9	impact	impact	NOUN
framr-1715	128	10	of	of	ADP
framr-1715	128	11	retained	retain	VERB
framr-1715	128	12	earnings	earning	NOUN
framr-1715	128	13	per	per	ADP
framr-1715	128	14	share	share	NOUN
framr-1715	128	15	(	(	PUNCT
framr-1715	128	16	rps	rps	PROPN
framr-1715	128	17	)	)	PUNCT
framr-1715	128	18	on	on	ADP
framr-1715	128	19	earnings	earning	NOUN
framr-1715	128	20	per	per	ADP
framr-1715	128	21	share	share	NOUN
framr-1715	128	22	(	(	PUNCT
framr-1715	128	23	eps	eps	PROPN
framr-1715	128	24	)	)	PUNCT
framr-1715	128	25	(	(	PUNCT
framr-1715	128	26	sw	sw	PROPN
framr-1715	128	27	)	)	PUNCT
framr-1715	128	28	before	before	ADP
framr-1715	128	29	global	global	ADJ
framr-1715	128	30	financial	financial	ADJ
framr-1715	128	31	melt	melt	NOUN
framr-1715	128	32	down	down	ADP
framr-1715	128	33	”	"	PUNCT
framr-1715	128	34	.	.	PUNCT
framr-1715	129	1	h0	h0	PROPN
framr-1715	129	2	3	3	NUM
framr-1715	129	3	:	:	PUNCT
framr-1715	129	4	“	"	PUNCT
framr-1715	129	5	there	there	PRON
framr-1715	129	6	is	be	VERB
framr-1715	129	7	no	no	DET
framr-1715	129	8	significant	significant	ADJ
framr-1715	129	9	impact	impact	NOUN
framr-1715	129	10	of	of	ADP
framr-1715	129	11	dividend	dividend	NOUN
framr-1715	129	12	per	per	ADP
framr-1715	129	13	share	share	NOUN
framr-1715	129	14	(	(	PUNCT
framr-1715	129	15	dps)on	dps)on	ADJ
framr-1715	129	16	earnings	earning	NOUN
framr-1715	129	17	per	per	ADP
framr-1715	129	18	share	share	NOUN
framr-1715	129	19	(	(	PUNCT
framr-1715	129	20	eps	eps	PROPN
framr-1715	129	21	)	)	PUNCT
framr-1715	129	22	(	(	PUNCT
framr-1715	129	23	sw	sw	PROPN
framr-1715	129	24	)	)	PUNCT
framr-1715	129	25	after	after	ADP
framr-1715	129	26	global	global	ADJ
framr-1715	129	27	financial	financial	ADJ
framr-1715	129	28	melt	melt	NOUN
framr-1715	129	29	down	down	ADP
framr-1715	129	30	”	"	PUNCT
framr-1715	129	31	.	.	PUNCT
framr-1715	130	1	h0	h0	PROPN
framr-1715	130	2	4	4	NUM
framr-1715	130	3	:	:	PUNCT
framr-1715	130	4	“	"	PUNCT
framr-1715	130	5	there	there	PRON
framr-1715	130	6	is	be	VERB
framr-1715	130	7	no	no	DET
framr-1715	130	8	significant	significant	ADJ
framr-1715	130	9	impact	impact	NOUN
framr-1715	130	10	of	of	ADP
framr-1715	130	11	lagged	lag	VERB
framr-1715	130	12	price	price	NOUN
framr-1715	130	13	earning	earning	NOUN
framr-1715	130	14	ratio	ratio	NOUN
framr-1715	130	15	(	(	PUNCT
framr-1715	130	16	lagper	lagper	NOUN
framr-1715	130	17	)	)	PUNCT
framr-1715	130	18	on	on	ADP
framr-1715	130	19	earnings	earning	NOUN
framr-1715	130	20	per	per	ADP
framr-1715	130	21	share	share	NOUN
framr-1715	130	22	(	(	PUNCT
framr-1715	130	23	eps	eps	PROPN
framr-1715	130	24	)	)	PUNCT
framr-1715	130	25	(	(	PUNCT
framr-1715	130	26	sw	sw	PROPN
framr-1715	130	27	)	)	PUNCT
framr-1715	130	28	after	after	ADP
framr-1715	130	29	global	global	ADJ
framr-1715	130	30	financial	financial	ADJ
framr-1715	130	31	melt	melt	NOUN
framr-1715	130	32	down	down	ADP
framr-1715	130	33	”	"	PUNCT
framr-1715	130	34	.	.	PUNCT
framr-1715	131	1	h0	h0	PROPN
framr-1715	131	2	5	5	NUM
framr-1715	131	3	:	:	PUNCT
framr-1715	131	4	“	"	PUNCT
framr-1715	131	5	there	there	PRON
framr-1715	131	6	is	be	VERB
framr-1715	131	7	no	no	DET
framr-1715	131	8	significant	significant	ADJ
framr-1715	131	9	impact	impact	NOUN
framr-1715	131	10	of	of	ADP
framr-1715	131	11	lagged	lag	VERB
framr-1715	131	12	market	market	NOUN
framr-1715	131	13	price	price	NOUN
framr-1715	131	14	per	per	ADP
framr-1715	131	15	share	share	NOUN
framr-1715	131	16	(	(	PUNCT
framr-1715	131	17	lagmps	lagmp	NOUN
framr-1715	131	18	)	)	PUNCT
framr-1715	131	19	on	on	ADP
framr-1715	131	20	earnings	earning	NOUN
framr-1715	131	21	per	per	ADP
framr-1715	131	22	share	share	NOUN
framr-1715	131	23	(	(	PUNCT
framr-1715	131	24	eps	eps	PROPN
framr-1715	131	25	)	)	PUNCT
framr-1715	131	26	(	(	PUNCT
framr-1715	131	27	sw	sw	PROPN
framr-1715	131	28	)	)	PUNCT
framr-1715	131	29	after	after	ADP
framr-1715	131	30	global	global	ADJ
framr-1715	131	31	financial	financial	ADJ
framr-1715	131	32	melt	melt	NOUN
framr-1715	131	33	down	down	ADP
framr-1715	131	34	”	"	PUNCT
framr-1715	131	35	.	.	PUNCT
framr-1715	132	1	h0	h0	PROPN
framr-1715	132	2	6	6	NUM
framr-1715	132	3	:	:	PUNCT
framr-1715	132	4	“	"	PUNCT
framr-1715	132	5	there	there	PRON
framr-1715	132	6	is	be	VERB
framr-1715	132	7	no	no	DET
framr-1715	132	8	significant	significant	ADJ
framr-1715	132	9	shift	shift	NOUN
framr-1715	132	10	in	in	ADP
framr-1715	132	11	structure	structure	NOUN
framr-1715	132	12	in	in	ADP
framr-1715	132	13	the	the	DET
framr-1715	132	14	shareholders	shareholder	NOUN
framr-1715	132	15	’	’	PART
framr-1715	132	16	wealth	wealth	NOUN
framr-1715	132	17	(	(	PUNCT
framr-1715	132	18	sw	sw	PROPN
framr-1715	132	19	)	)	PUNCT
framr-1715	132	20	of	of	ADP
framr-1715	132	21	fmcg	fmcg	NOUN
framr-1715	132	22	sector	sector	NOUN
framr-1715	132	23	in	in	ADP
framr-1715	132	24	india	india	PROPN
framr-1715	132	25	after	after	ADP
framr-1715	132	26	global	global	ADJ
framr-1715	132	27	financial	financial	ADJ
framr-1715	132	28	melt	melt	NOUN
framr-1715	132	29	down	down	ADP
framr-1715	132	30	”	"	PUNCT
framr-1715	132	31	.	.	PUNCT
framr-1715	133	1	3	3	X
framr-1715	133	2	.	.	X
framr-1715	133	3	research	research	NOUN
framr-1715	133	4	methodology	methodology	NOUN
framr-1715	133	5	3.1	3.1	NUM
framr-1715	133	6	.	.	PUNCT
framr-1715	134	1	data	datum	NOUN
framr-1715	134	2	source	source	NOUN
framr-1715	134	3	the	the	DET
framr-1715	134	4	study	study	NOUN
framr-1715	134	5	is	be	AUX
framr-1715	134	6	analytical	analytical	ADJ
framr-1715	134	7	and	and	CCONJ
framr-1715	134	8	empirical	empirical	ADJ
framr-1715	134	9	in	in	ADP
framr-1715	134	10	nature	nature	NOUN
framr-1715	134	11	and	and	CCONJ
framr-1715	134	12	is	be	AUX
framr-1715	134	13	based	base	VERB
framr-1715	134	14	on	on	ADP
framr-1715	134	15	secondary	secondary	ADJ
framr-1715	134	16	data	datum	NOUN
framr-1715	134	17	.	.	PUNCT
framr-1715	135	1	for	for	ADP
framr-1715	135	2	the	the	DET
framr-1715	135	3	study	study	NOUN
framr-1715	135	4	,	,	PUNCT
framr-1715	135	5	a	a	DET
framr-1715	135	6	sample	sample	NOUN
framr-1715	135	7	of	of	ADP
framr-1715	135	8	13	13	NUM
framr-1715	135	9	fmcg	fmcg	NOUN
framr-1715	135	10	firms	firm	NOUN
framr-1715	135	11	listed	list	VERB
framr-1715	135	12	on	on	ADP
framr-1715	135	13	nse	nse	NOUN
framr-1715	135	14	has	have	AUX
framr-1715	135	15	been	be	AUX
framr-1715	135	16	selected	select	VERB
framr-1715	135	17	using	use	VERB
framr-1715	135	18	multi	multi	ADJ
framr-1715	135	19	stage	stage	NOUN
framr-1715	135	20	non	non	ADJ
framr-1715	135	21	-	-	ADJ
framr-1715	135	22	random	random	ADJ
framr-1715	135	23	sampling	sampling	NOUN
framr-1715	135	24	technique	technique	NOUN
framr-1715	135	25	.	.	PUNCT
framr-1715	136	1	the	the	DET
framr-1715	136	2	period	period	NOUN
framr-1715	136	3	of	of	ADP
framr-1715	136	4	the	the	DET
framr-1715	136	5	study	study	NOUN
framr-1715	136	6	has	have	AUX
framr-1715	136	7	been	be	AUX
framr-1715	136	8	divided	divide	VERB
framr-1715	136	9	into	into	ADP
framr-1715	136	10	two	two	NUM
framr-1715	136	11	sub	sub	ADJ
framr-1715	136	12	-	-	ADJ
framr-1715	136	13	periods	period	NOUN
framr-1715	136	14	viz	viz	PROPN
framr-1715	136	15	.	.	PUNCT
framr-1715	136	16	,	,	PUNCT
framr-1715	136	17	before	before	ADP
framr-1715	136	18	global	global	ADJ
framr-1715	136	19	financial	financial	ADJ
framr-1715	136	20	melt	melt	NOUN
framr-1715	136	21	down	down	ADP
framr-1715	136	22	i.e.	i.e.	ADV
framr-1715	136	23	,	,	PUNCT
framr-1715	136	24	from	from	ADP
framr-1715	136	25	2003	2003	NUM
framr-1715	136	26	-	-	SYM
framr-1715	136	27	2007	2007	NUM
framr-1715	136	28	and	and	CCONJ
framr-1715	136	29	after	after	ADP
framr-1715	136	30	global	global	ADJ
framr-1715	136	31	financial	financial	ADJ
framr-1715	136	32	melt	melt	NOUN
framr-1715	136	33	down	down	ADP
framr-1715	136	34	i.e.	i.e.	ADV
framr-1715	136	35	,	,	PUNCT
framr-1715	136	36	from	from	ADP
framr-1715	136	37	2009	2009	NUM
framr-1715	136	38	-	-	SYM
framr-1715	136	39	2013	2013	NUM
framr-1715	136	40	.	.	PUNCT
framr-1715	137	1	the	the	DET
framr-1715	137	2	global	global	ADJ
framr-1715	137	3	financial	financial	ADJ
framr-1715	137	4	melt	melt	NOUN
framr-1715	137	5	down	down	ADP
framr-1715	137	6	occurred	occur	VERB
framr-1715	137	7	during	during	ADP
framr-1715	137	8	the	the	DET
framr-1715	137	9	year	year	NOUN
framr-1715	137	10	2008	2008	NUM
framr-1715	137	11	is	be	AUX
framr-1715	137	12	considered	consider	VERB
framr-1715	137	13	as	as	ADP
framr-1715	137	14	the	the	DET
framr-1715	137	15	base	base	NOUN
framr-1715	137	16	for	for	ADP
framr-1715	137	17	the	the	DET
framr-1715	137	18	study	study	NOUN
framr-1715	137	19	to	to	PART
framr-1715	137	20	analyze	analyze	VERB
framr-1715	137	21	the	the	DET
framr-1715	137	22	impact	impact	NOUN
framr-1715	137	23	of	of	ADP
framr-1715	137	24	dp	dp	NOUN
framr-1715	137	25	on	on	ADP
framr-1715	137	26	sw	sw	PROPN
framr-1715	137	27	.	.	PUNCT
framr-1715	138	1	the	the	DET
framr-1715	138	2	required	require	VERB
framr-1715	138	3	data	datum	NOUN
framr-1715	138	4	were	be	AUX
framr-1715	138	5	collected	collect	VERB
framr-1715	138	6	from	from	ADP
framr-1715	138	7	the	the	DET
framr-1715	138	8	website	website	NOUN
framr-1715	138	9	called	call	VERB
framr-1715	138	10	moneycontrol.com	moneycontrol.com	X
framr-1715	138	11	and	and	CCONJ
framr-1715	138	12	the	the	DET
framr-1715	138	13	annual	annual	ADJ
framr-1715	138	14	reports	report	NOUN
framr-1715	138	15	of	of	ADP
framr-1715	138	16	the	the	DET
framr-1715	138	17	fmcg	fmcg	NOUN
framr-1715	138	18	firms	firm	NOUN
framr-1715	138	19	concerned	concern	VERB
framr-1715	138	20	too	too	ADV
framr-1715	138	21	.	.	PUNCT
framr-1715	139	1	the	the	DET
framr-1715	139	2	annual	annual	ADJ
framr-1715	139	3	data	datum	NOUN
framr-1715	139	4	for	for	ADP
framr-1715	139	5	the	the	DET
framr-1715	139	6	selected	select	VERB
framr-1715	139	7	fmcg	fmcg	NOUN
framr-1715	139	8	firms	firm	NOUN
framr-1715	139	9	are	be	AUX
framr-1715	139	10	used	use	VERB
framr-1715	139	11	for	for	ADP
framr-1715	139	12	calculating	calculate	VERB
framr-1715	139	13	key	key	ADJ
framr-1715	139	14	financial	financial	ADJ
framr-1715	139	15	ratios	ratio	NOUN
framr-1715	139	16	(	(	PUNCT
framr-1715	139	17	measures	measure	NOUN
framr-1715	139	18	)	)	PUNCT
framr-1715	139	19	to	to	PART
framr-1715	139	20	analyze	analyze	VERB
framr-1715	139	21	the	the	DET
framr-1715	139	22	impact	impact	NOUN
framr-1715	139	23	of	of	ADP
framr-1715	139	24	dp	dp	NOUN
framr-1715	139	25	on	on	ADP
framr-1715	139	26	sw	sw	PROPN
framr-1715	139	27	.	.	PROPN
framr-1715	139	28	3.2	3.2	NUM
framr-1715	139	29	.	.	PUNCT
framr-1715	140	1	research	research	NOUN
framr-1715	140	2	methods	method	NOUN
framr-1715	140	3	various	various	ADJ
framr-1715	140	4	statistical	statistical	ADJ
framr-1715	140	5	methods	method	NOUN
framr-1715	140	6	like	like	ADP
framr-1715	140	7	augmented	augment	VERB
framr-1715	140	8	dickey	dickey	PROPN
framr-1715	140	9	fuller	full	ADJ
framr-1715	140	10	test	test	NOUN
framr-1715	140	11	,	,	PUNCT
framr-1715	140	12	white	white	ADJ
framr-1715	140	13	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	140	14	test	test	NOUN
framr-1715	140	15	,	,	PUNCT
framr-1715	140	16	auto	auto	NOUN
framr-1715	140	17	correlation	correlation	NOUN
framr-1715	140	18	,	,	PUNCT
framr-1715	140	19	breuch	breuch	ADJ
framr-1715	140	20	-	-	PUNCT
framr-1715	140	21	godfrey	godfrey	NOUN
framr-1715	140	22	serial	serial	ADJ
framr-1715	140	23	correlation	correlation	NOUN
framr-1715	140	24	lm	lm	X
framr-1715	140	25	test	test	NOUN
framr-1715	140	26	,	,	PUNCT
framr-1715	140	27	lagrange	lagrange	NOUN
framr-1715	140	28	multiplier	multiplier	ADV
framr-1715	140	29	(	(	PUNCT
framr-1715	140	30	lm	lm	INTJ
framr-1715	140	31	)	)	PUNCT
framr-1715	140	32	for	for	ADP
framr-1715	140	33	autoregressive	autoregressive	ADJ
framr-1715	140	34	conditional	conditional	ADJ
framr-1715	140	35	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	140	36	,	,	PUNCT
framr-1715	140	37	correlation	correlation	NOUN
framr-1715	140	38	,	,	PUNCT
framr-1715	140	39	ordinary	ordinary	ADJ
framr-1715	140	40	least	least	ADJ
framr-1715	140	41	square	square	ADJ
framr-1715	140	42	method	method	NOUN
framr-1715	140	43	of	of	ADP
framr-1715	140	44	regression	regression	NOUN
framr-1715	140	45	and	and	CCONJ
framr-1715	140	46	chow	chow	PROPN
framr-1715	140	47	test	test	NOUN
framr-1715	140	48	are	be	AUX
framr-1715	140	49	applied	apply	VERB
framr-1715	140	50	for	for	ADP
framr-1715	140	51	analysis	analysis	NOUN
framr-1715	140	52	of	of	ADP
framr-1715	140	53	data	datum	NOUN
framr-1715	140	54	using	use	VERB
framr-1715	140	55	eviews	eviews	PROPN
framr-1715	140	56	7	7	NUM
framr-1715	140	57	econometrics	econometrics	NOUN
framr-1715	140	58	software	software	NOUN
framr-1715	140	59	package	package	NOUN
framr-1715	140	60	.	.	PUNCT
framr-1715	141	1	for	for	ADP
framr-1715	141	2	the	the	DET
framr-1715	141	3	analysis	analysis	NOUN
framr-1715	141	4	of	of	ADP
framr-1715	141	5	pooled	pool	VERB
framr-1715	141	6	data	datum	NOUN
framr-1715	141	7	for	for	ADP
framr-1715	141	8	ten	ten	NUM
framr-1715	141	9	years	year	NOUN
framr-1715	141	10	i.e.	i.e.	X
framr-1715	141	11	from	from	ADP
framr-1715	141	12	2003	2003	NUM
framr-1715	141	13	–	–	PUNCT
framr-1715	141	14	2007	2007	NUM
framr-1715	141	15	and	and	CCONJ
framr-1715	141	16	2009	2009	NUM
framr-1715	141	17	-	-	SYM
framr-1715	141	18	2013	2013	NUM
framr-1715	141	19	,	,	PUNCT
framr-1715	141	20	the	the	DET
framr-1715	141	21	following	follow	VERB
framr-1715	141	22	research	research	NOUN
framr-1715	141	23	methods	method	NOUN
framr-1715	141	24	are	be	AUX
framr-1715	141	25	used	use	VERB
framr-1715	141	26	.	.	PUNCT
framr-1715	142	1	financial	financial	ADJ
framr-1715	142	2	risk	risk	NOUN
framr-1715	142	3	and	and	CCONJ
framr-1715	142	4	management	management	NOUN
framr-1715	142	5	reviews	review	NOUN
framr-1715	142	6	,	,	PUNCT
framr-1715	142	7	2015	2015	NUM
framr-1715	142	8	,	,	PUNCT
framr-1715	142	9	1(1):8	1(1):8	PROPN
framr-1715	142	10	-	-	SYM
framr-1715	142	11	26	26	NUM
framr-1715	142	12	16	16	NUM
framr-1715	142	13	©	©	PROPN
framr-1715	142	14	2015	2015	NUM
framr-1715	142	15	conscientia	conscientia	PROPN
framr-1715	142	16	beam	beam	PROPN
framr-1715	142	17	.	.	PUNCT
framr-1715	143	1	all	all	DET
framr-1715	143	2	rights	right	NOUN
framr-1715	143	3	reserved	reserve	VERB
framr-1715	143	4	.	.	PUNCT
framr-1715	144	1			ADJ
framr-1715	144	2	descriptive	descriptive	ADJ
framr-1715	144	3	statistics	statistic	NOUN
framr-1715	144	4	(	(	PUNCT
framr-1715	144	5	jarque	jarque	NOUN
framr-1715	144	6	-	-	PUNCT
framr-1715	144	7	bera	bera	NOUN
framr-1715	144	8	test	test	NOUN
framr-1715	144	9	)	)	PUNCT
framr-1715	144	10			VERB
framr-1715	144	11	correlation	correlation	NOUN
framr-1715	144	12			VERB
framr-1715	144	13	ordinary	ordinary	ADJ
framr-1715	144	14	least	least	ADJ
framr-1715	144	15	square	square	ADJ
framr-1715	144	16	regression	regression	NOUN
framr-1715	144	17	method	method	NOUN
framr-1715	144	18			VERB
framr-1715	144	19	augmented	augment	VERB
framr-1715	144	20	dickey	dickey	PROPN
framr-1715	144	21	fuller	full	ADJ
framr-1715	144	22	test	test	NOUN
framr-1715	144	23	,	,	PUNCT
framr-1715	144	24	white	white	ADJ
framr-1715	144	25	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	144	26	test	test	NOUN
framr-1715	144	27	,	,	PUNCT
framr-1715	144	28	auto	auto	NOUN
framr-1715	144	29	correlation	correlation	NOUN
framr-1715	144	30	,	,	PUNCT
framr-1715	144	31	breuchgodfrey	breuchgodfrey	VERB
framr-1715	144	32	serial	serial	ADJ
framr-1715	144	33	correlation	correlation	NOUN
framr-1715	144	34	lm	lm	X
framr-1715	144	35	test	test	NOUN
framr-1715	144	36	,	,	PUNCT
framr-1715	144	37	durbin	durbin	NOUN
framr-1715	144	38	-	-	PUNCT
framr-1715	144	39	watson	watson	NOUN
framr-1715	144	40	and	and	CCONJ
framr-1715	144	41	arch	arch	ADJ
framr-1715	144	42	-	-	PUNCT
framr-1715	144	43	lm	lm	NOUN
framr-1715	144	44	test	test	NOUN
framr-1715	144	45	and	and	CCONJ
framr-1715	144	46			PROPN
framr-1715	144	47	chow	chow	PROPN
framr-1715	144	48	test	test	NOUN
framr-1715	144	49	general	general	ADJ
framr-1715	144	50	form	form	NOUN
framr-1715	144	51	of	of	ADP
framr-1715	144	52	the	the	DET
framr-1715	144	53	regression	regression	NOUN
framr-1715	144	54	model	model	NOUN
framr-1715	144	55	eps	eps	PROPN
framr-1715	144	56	=	=	SYM
framr-1715	144	57	β1	β1	PROPN
framr-1715	144	58	(	(	PUNCT
framr-1715	144	59	dps	dps	NOUN
framr-1715	144	60	)	)	PUNCT
framr-1715	145	1	+	+	CCONJ
framr-1715	145	2	β2	β2	NOUN
framr-1715	145	3	(	(	PUNCT
framr-1715	145	4	rps	rps	PROPN
framr-1715	145	5	)	)	PUNCT
framr-1715	145	6	+	+	CCONJ
framr-1715	145	7	β3	β3	ADJ
framr-1715	145	8	(	(	PUNCT
framr-1715	145	9	per	per	ADP
framr-1715	145	10	)	)	PUNCT
framr-1715	145	11	+	+	CCONJ
framr-1715	145	12	β4	β4	PROPN
framr-1715	145	13	(	(	PUNCT
framr-1715	145	14	lagper	lagper	NOUN
framr-1715	145	15	)	)	PUNCT
framr-1715	145	16	+	+	CCONJ
framr-1715	145	17	β5	β5	NOUN
framr-1715	145	18	(	(	PUNCT
framr-1715	145	19	ear	ear	NOUN
framr-1715	145	20	)	)	PUNCT
framr-1715	146	1	+	+	CCONJ
framr-1715	146	2	β6	β6	PROPN
framr-1715	146	3	(	(	PUNCT
framr-1715	146	4	lagmps	lagmps	PROPN
framr-1715	146	5	)	)	PUNCT
framr-1715	146	6	+	+	NUM
framr-1715	146	7	e	e	NOUN
framr-1715	146	8	…	…	PUNCT
framr-1715	146	9	…	…	PUNCT
framr-1715	146	10	..	..	PUNCT
framr-1715	146	11	(	(	PUNCT
framr-1715	146	12	i	i	NOUN
framr-1715	146	13	)	)	PUNCT
framr-1715	146	14	earnings	earning	NOUN
framr-1715	146	15	per	per	ADP
framr-1715	146	16	share	share	NOUN
framr-1715	146	17	(	(	PUNCT
framr-1715	146	18	eps	eps	PROPN
framr-1715	146	19	)	)	PUNCT
framr-1715	146	20	,	,	PUNCT
framr-1715	146	21	dividend	dividend	NOUN
framr-1715	146	22	per	per	ADP
framr-1715	146	23	share	share	NOUN
framr-1715	146	24	(	(	PUNCT
framr-1715	146	25	dps	dps	NOUN
framr-1715	146	26	)	)	PUNCT
framr-1715	146	27	,	,	PUNCT
framr-1715	146	28	retained	retain	VERB
framr-1715	146	29	earnings	earning	NOUN
framr-1715	146	30	per	per	ADP
framr-1715	146	31	share	share	NOUN
framr-1715	146	32	(	(	PUNCT
framr-1715	146	33	rps	rps	PROPN
framr-1715	146	34	)	)	PUNCT
framr-1715	146	35	,	,	PUNCT
framr-1715	146	36	price	price	NOUN
framr-1715	146	37	earnings	earning	NOUN
framr-1715	146	38	ratio	ratio	NOUN
framr-1715	146	39	(	(	PUNCT
framr-1715	146	40	per	per	ADP
framr-1715	146	41	)	)	PUNCT
framr-1715	146	42	,	,	PUNCT
framr-1715	146	43	lagged	lag	VERB
framr-1715	146	44	price	price	NOUN
framr-1715	146	45	earnings	earning	NOUN
framr-1715	146	46	ratio	ratio	NOUN
framr-1715	146	47	(	(	PUNCT
framr-1715	146	48	lagper	lagper	NOUN
framr-1715	146	49	)	)	PUNCT
framr-1715	146	50	,	,	PUNCT
framr-1715	146	51	earnings	earning	NOUN
framr-1715	146	52	(	(	PUNCT
framr-1715	146	53	ear	ear	NOUN
framr-1715	146	54	)	)	PUNCT
framr-1715	146	55	,	,	PUNCT
framr-1715	146	56	lagged	lag	VERB
framr-1715	146	57	market	market	NOUN
framr-1715	146	58	price	price	NOUN
framr-1715	146	59	per	per	ADP
framr-1715	146	60	share	share	NOUN
framr-1715	146	61	(	(	PUNCT
framr-1715	146	62	lagmps	lagmps	PROPN
framr-1715	146	63	)	)	PUNCT
framr-1715	146	64	.	.	PUNCT
framr-1715	147	1	3.3	3.3	NUM
framr-1715	147	2	.	.	PUNCT
framr-1715	148	1	chow	chow	PROPN
framr-1715	148	2	test	test	VERB
framr-1715	148	3	the	the	DET
framr-1715	148	4	shift	shift	NOUN
framr-1715	148	5	-	-	PUNCT
framr-1715	148	6	in	in	ADP
framr-1715	148	7	structure	structure	NOUN
framr-1715	148	8	in	in	ADP
framr-1715	148	9	terms	term	NOUN
framr-1715	148	10	of	of	ADP
framr-1715	148	11	dp	dp	NOUN
framr-1715	148	12	on	on	ADP
framr-1715	148	13	sw	sw	PROPN
framr-1715	148	14	is	be	AUX
framr-1715	148	15	studied	study	VERB
framr-1715	148	16	with	with	ADP
framr-1715	148	17	the	the	DET
framr-1715	148	18	help	help	NOUN
framr-1715	148	19	of	of	ADP
framr-1715	148	20	chow	chow	PROPN
framr-1715	148	21	test	test	NOUN
framr-1715	148	22	,	,	PUNCT
framr-1715	148	23	which	which	PRON
framr-1715	148	24	(	(	PUNCT
framr-1715	148	25	chow	chow	PROPN
framr-1715	148	26	,	,	PUNCT
framr-1715	148	27	1960	1960	NUM
framr-1715	148	28	)	)	PUNCT
framr-1715	148	29	was	be	AUX
framr-1715	148	30	originally	originally	ADV
framr-1715	148	31	designed	design	VERB
framr-1715	148	32	to	to	PART
framr-1715	148	33	analyse	analyse	VERB
framr-1715	148	34	the	the	DET
framr-1715	148	35	same	same	ADJ
framr-1715	148	36	variables	variable	NOUN
framr-1715	148	37	obtained	obtain	VERB
framr-1715	148	38	in	in	ADP
framr-1715	148	39	two	two	NUM
framr-1715	148	40	different	different	ADJ
framr-1715	148	41	data	datum	NOUN
framr-1715	148	42	sets	set	NOUN
framr-1715	148	43	to	to	PART
framr-1715	148	44	determine	determine	VERB
framr-1715	148	45	if	if	SCONJ
framr-1715	148	46	they	they	PRON
framr-1715	148	47	were	be	AUX
framr-1715	148	48	similar	similar	ADJ
framr-1715	148	49	enough	enough	ADV
framr-1715	148	50	to	to	PART
framr-1715	148	51	be	be	AUX
framr-1715	148	52	pooled	pool	VERB
framr-1715	148	53	together	together	ADV
framr-1715	148	54	.	.	PUNCT
framr-1715	149	1	the	the	DET
framr-1715	149	2	method	method	NOUN
framr-1715	149	3	,	,	PUNCT
framr-1715	149	4	however	however	ADV
framr-1715	149	5	,	,	PUNCT
framr-1715	149	6	could	could	AUX
framr-1715	149	7	be	be	AUX
framr-1715	149	8	used	use	VERB
framr-1715	149	9	to	to	PART
framr-1715	149	10	determine	determine	VERB
framr-1715	149	11	if	if	SCONJ
framr-1715	149	12	two	two	NUM
framr-1715	149	13	regression	regression	NOUN
framr-1715	149	14	lines	line	NOUN
framr-1715	149	15	are	be	AUX
framr-1715	149	16	different	different	ADJ
framr-1715	149	17	from	from	ADP
framr-1715	149	18	one	one	NUM
framr-1715	149	19	another	another	DET
framr-1715	149	20	(	(	PUNCT
framr-1715	149	21	lee	lee	PROPN
framr-1715	149	22	,	,	PUNCT
framr-1715	149	23	2008	2008	NUM
framr-1715	149	24	)	)	PUNCT
framr-1715	149	25	.	.	PUNCT
framr-1715	150	1	the	the	DET
framr-1715	150	2	chow	chow	PROPN
framr-1715	150	3	test	test	NOUN
framr-1715	150	4	for	for	ADP
framr-1715	150	5	parameter	parameter	NOUN
framr-1715	150	6	stability	stability	NOUN
framr-1715	150	7	confirms	confirm	VERB
framr-1715	150	8	that	that	SCONJ
framr-1715	150	9	there	there	PRON
framr-1715	150	10	was	be	VERB
framr-1715	150	11	a	a	DET
framr-1715	150	12	structural	structural	ADJ
framr-1715	150	13	change	change	NOUN
framr-1715	150	14	in	in	ADP
framr-1715	150	15	the	the	DET
framr-1715	150	16	equation	equation	NOUN
framr-1715	150	17	.	.	PUNCT
framr-1715	151	1	the	the	DET
framr-1715	151	2	chow	chow	PROPN
framr-1715	151	3	test	test	NOUN
framr-1715	151	4	models	model	NOUN
framr-1715	151	5	indicate	indicate	VERB
framr-1715	151	6	that	that	SCONJ
framr-1715	151	7	for	for	ADP
framr-1715	151	8	all	all	DET
framr-1715	151	9	the	the	DET
framr-1715	151	10	series	series	NOUN
framr-1715	151	11	under	under	ADP
framr-1715	151	12	examination	examination	NOUN
framr-1715	151	13	,	,	PUNCT
framr-1715	151	14	the	the	DET
framr-1715	151	15	null	null	ADJ
framr-1715	151	16	hypothesis	hypothesis	NOUN
framr-1715	151	17	of	of	ADP
framr-1715	151	18	more	more	ADJ
framr-1715	151	19	than	than	ADP
framr-1715	151	20	one	one	NUM
framr-1715	151	21	structural	structural	ADJ
framr-1715	151	22	break	break	NOUN
framr-1715	151	23	time	time	NOUN
framr-1715	151	24	can	can	AUX
framr-1715	151	25	be	be	AUX
framr-1715	151	26	rejected	reject	VERB
framr-1715	151	27	(	(	PUNCT
framr-1715	151	28	allaro	allaro	NOUN
framr-1715	151	29	et	et	PROPN
framr-1715	151	30	al	al	PROPN
framr-1715	151	31	.	.	PROPN
framr-1715	151	32	,	,	PUNCT
framr-1715	151	33	2011	2011	NUM
framr-1715	151	34	)	)	PUNCT
framr-1715	151	35	.	.	PUNCT
framr-1715	152	1	the	the	DET
framr-1715	152	2	impact	impact	NOUN
framr-1715	152	3	of	of	ADP
framr-1715	152	4	dp	dp	NOUN
framr-1715	152	5	on	on	ADP
framr-1715	152	6	sw	sw	PROPN
framr-1715	152	7	is	be	AUX
framr-1715	152	8	studied	study	VERB
framr-1715	152	9	through	through	ADP
framr-1715	152	10	its	its	PRON
framr-1715	152	11	structural	structural	ADJ
framr-1715	152	12	changes	change	NOUN
framr-1715	152	13	.	.	PUNCT
framr-1715	153	1	for	for	ADP
framr-1715	153	2	this	this	DET
framr-1715	153	3	purpose	purpose	NOUN
framr-1715	153	4	,	,	PUNCT
framr-1715	153	5	the	the	DET
framr-1715	153	6	period	period	NOUN
framr-1715	153	7	of	of	ADP
framr-1715	153	8	study	study	NOUN
framr-1715	153	9	has	have	AUX
framr-1715	153	10	been	be	AUX
framr-1715	153	11	divided	divide	VERB
framr-1715	153	12	in	in	ADP
framr-1715	153	13	to	to	ADP
framr-1715	153	14	two	two	NUM
framr-1715	153	15	sub	sub	ADJ
framr-1715	153	16	-	-	ADJ
framr-1715	153	17	periods	period	NOUN
framr-1715	153	18	viz	viz	PROPN
framr-1715	153	19	.	.	PUNCT
framr-1715	153	20	,	,	PUNCT
framr-1715	153	21	before	before	ADP
framr-1715	153	22	global	global	ADJ
framr-1715	153	23	financial	financial	ADJ
framr-1715	153	24	melt	melt	NOUN
framr-1715	153	25	down	down	ADP
framr-1715	153	26	i.e.	i.e.	ADV
framr-1715	153	27	,	,	PUNCT
framr-1715	153	28	from	from	ADP
framr-1715	153	29	2003	2003	NUM
framr-1715	153	30	–	–	PUNCT
framr-1715	153	31	2007	2007	NUM
framr-1715	153	32	and	and	CCONJ
framr-1715	153	33	after	after	ADP
framr-1715	153	34	global	global	ADJ
framr-1715	153	35	financial	financial	ADJ
framr-1715	153	36	melt	melt	NOUN
framr-1715	153	37	down	down	ADP
framr-1715	153	38	i.e.	i.e.	ADV
framr-1715	153	39	,	,	PUNCT
framr-1715	153	40	from	from	ADP
framr-1715	153	41	2009	2009	NUM
framr-1715	153	42	–	–	PUNCT
framr-1715	153	43	2013	2013	NUM
framr-1715	153	44	.	.	PUNCT
framr-1715	154	1	the	the	DET
framr-1715	154	2	test	test	NOUN
framr-1715	154	3	statistic	statistic	NOUN
framr-1715	154	4	is	be	AUX
framr-1715	154	5	as	as	SCONJ
framr-1715	154	6	follows	follow	VERB
framr-1715	154	7	:	:	PUNCT
framr-1715	154	8	this	this	PRON
framr-1715	154	9	is	be	AUX
framr-1715	154	10	distributed	distribute	VERB
framr-1715	154	11	as	as	ADP
framr-1715	154	12	f	f	PROPN
framr-1715	154	13	with	with	ADP
framr-1715	154	14	k	k	PROPN
framr-1715	154	15	and	and	CCONJ
framr-1715	154	16	n1	n1	PROPN
framr-1715	154	17	+	+	CCONJ
framr-1715	154	18	n2	n2	ADJ
framr-1715	154	19	–	–	PUNCT
framr-1715	154	20	2k	2k	NUM
framr-1715	154	21	degrees	degree	NOUN
framr-1715	154	22	of	of	ADP
framr-1715	154	23	freedom	freedom	NOUN
framr-1715	154	24	where	where	SCONJ
framr-1715	154	25	,	,	PUNCT
framr-1715	154	26	f	f	PROPN
framr-1715	154	27	is	be	AUX
framr-1715	154	28	the	the	DET
framr-1715	154	29	test	test	NOUN
framr-1715	154	30	statistic	statistic	NOUN
framr-1715	154	31	rss	rss	NOUN
framr-1715	154	32	p	p	NOUN
framr-1715	154	33	=	=	PUNCT
framr-1715	154	34	residual	residual	ADJ
framr-1715	154	35	sum	sum	NOUN
framr-1715	154	36	of	of	ADP
framr-1715	154	37	squares	square	NOUN
framr-1715	154	38	for	for	ADP
framr-1715	154	39	the	the	DET
framr-1715	154	40	whole	whole	ADJ
framr-1715	154	41	sample	sample	NOUN
framr-1715	154	42	rss1	rss1	NOUN
framr-1715	154	43	=	=	PUNCT
framr-1715	154	44	residual	residual	ADJ
framr-1715	154	45	sum	sum	NOUN
framr-1715	154	46	of	of	ADP
framr-1715	154	47	squares	square	NOUN
framr-1715	154	48	for	for	ADP
framr-1715	154	49	the	the	DET
framr-1715	154	50	first	first	ADJ
framr-1715	154	51	group	group	NOUN
framr-1715	154	52	(	(	PUNCT
framr-1715	154	53	before	before	ADP
framr-1715	154	54	dividend	dividend	NOUN
framr-1715	154	55	announcement	announcement	NOUN
framr-1715	154	56	)	)	PUNCT
framr-1715	154	57	rss2	rss2	NOUN
framr-1715	154	58	=	=	PUNCT
framr-1715	154	59	residual	residual	ADJ
framr-1715	154	60	sum	sum	NOUN
framr-1715	154	61	of	of	ADP
framr-1715	154	62	squares	square	NOUN
framr-1715	154	63	for	for	ADP
framr-1715	154	64	the	the	DET
framr-1715	154	65	second	second	ADJ
framr-1715	154	66	group	group	NOUN
framr-1715	154	67	(	(	PUNCT
framr-1715	154	68	after	after	ADP
framr-1715	154	69	dividend	dividend	NOUN
framr-1715	154	70	announcement	announcement	NOUN
framr-1715	154	71	)	)	PUNCT
framr-1715	154	72	n	n	NOUN
framr-1715	154	73	=	=	NOUN
framr-1715	154	74	number	number	NOUN
framr-1715	154	75	of	of	ADP
framr-1715	154	76	observations	observation	NOUN
framr-1715	154	77	k	k	NOUN
framr-1715	155	1	=	=	PUNCT
framr-1715	155	2	number	number	NOUN
framr-1715	155	3	of	of	ADP
framr-1715	155	4	regressors	regressor	NOUN
framr-1715	155	5	(	(	PUNCT
framr-1715	155	6	including	include	VERB
framr-1715	155	7	the	the	DET
framr-1715	155	8	intercept	intercept	NOUN
framr-1715	155	9	term	term	NOUN
framr-1715	155	10	)	)	PUNCT
framr-1715	155	11	in	in	ADP
framr-1715	155	12	each	each	DET
framr-1715	155	13	unrestricted	unrestricted	ADJ
framr-1715	155	14	sub	sub	NOUN
framr-1715	155	15	-	-	NOUN
framr-1715	155	16	sample	sample	ADJ
framr-1715	155	17	2k	2k	NOUN
framr-1715	155	18	=	=	NOUN
framr-1715	155	19	number	number	NOUN
framr-1715	155	20	of	of	ADP
framr-1715	155	21	regressors	regressor	NOUN
framr-1715	155	22	in	in	ADP
framr-1715	155	23	both	both	CCONJ
framr-1715	155	24	unrestricted	unrestricted	ADJ
framr-1715	155	25	sub	sub	ADJ
framr-1715	155	26	-	-	ADJ
framr-1715	155	27	sample	sample	ADJ
framr-1715	155	28	regressions	regression	NOUN
framr-1715	155	29	(	(	PUNCT
framr-1715	155	30	whole	whole	ADJ
framr-1715	155	31	sample	sample	NOUN
framr-1715	155	32	)	)	PUNCT
framr-1715	155	33	financial	financial	ADJ
framr-1715	155	34	risk	risk	NOUN
framr-1715	155	35	and	and	CCONJ
framr-1715	155	36	management	management	NOUN
framr-1715	155	37	reviews	review	NOUN
framr-1715	155	38	,	,	PUNCT
framr-1715	155	39	2015	2015	NUM
framr-1715	155	40	,	,	PUNCT
framr-1715	155	41	1(1):8	1(1):8	PROPN
framr-1715	155	42	-	-	SYM
framr-1715	155	43	26	26	NUM
framr-1715	155	44	17	17	NUM
framr-1715	155	45	©	©	PROPN
framr-1715	155	46	2015	2015	NUM
framr-1715	155	47	conscientia	conscientia	PROPN
framr-1715	155	48	beam	beam	PROPN
framr-1715	155	49	.	.	PUNCT
framr-1715	156	1	all	all	DET
framr-1715	156	2	rights	right	NOUN
framr-1715	156	3	reserved	reserve	VERB
framr-1715	156	4	.	.	PUNCT
framr-1715	157	1	3.4	3.4	NUM
framr-1715	157	2	.	.	NOUN
framr-1715	157	3	sampling	sample	VERB
framr-1715	157	4	technique	technique	NOUN
framr-1715	157	5	the	the	DET
framr-1715	157	6	study	study	NOUN
framr-1715	157	7	used	use	VERB
framr-1715	157	8	multistage	multistage	NOUN
framr-1715	157	9	non	non	ADJ
framr-1715	157	10	-	-	ADJ
framr-1715	157	11	random	random	ADJ
framr-1715	157	12	sampling	sampling	NOUN
framr-1715	157	13	technique	technique	NOUN
framr-1715	157	14	to	to	PART
framr-1715	157	15	select	select	VERB
framr-1715	157	16	the	the	DET
framr-1715	157	17	ultimate	ultimate	ADJ
framr-1715	157	18	sample	sample	NOUN
framr-1715	157	19	units	unit	NOUN
framr-1715	157	20	.	.	PUNCT
framr-1715	158	1	out	out	ADP
framr-1715	158	2	of	of	ADP
framr-1715	158	3	16	16	NUM
framr-1715	158	4	firms	firm	NOUN
framr-1715	158	5	having	have	VERB
framr-1715	158	6	listing	list	VERB
framr-1715	158	7	flag	flag	NOUN
framr-1715	158	8	on	on	ADP
framr-1715	158	9	nse	nse	NOUN
framr-1715	158	10	,	,	PUNCT
framr-1715	158	11	13	13	NUM
framr-1715	158	12	firms	firm	NOUN
framr-1715	158	13	are	be	AUX
framr-1715	158	14	selected	select	VERB
framr-1715	158	15	based	base	VERB
framr-1715	158	16	on	on	ADP
framr-1715	158	17	adequate	adequate	ADJ
framr-1715	158	18	availability	availability	NOUN
framr-1715	158	19	of	of	ADP
framr-1715	158	20	data	datum	NOUN
framr-1715	158	21	for	for	ADP
framr-1715	158	22	the	the	DET
framr-1715	158	23	study	study	NOUN
framr-1715	158	24	period	period	NOUN
framr-1715	158	25	.	.	PUNCT
framr-1715	159	1	table-1	table-1	NUM
framr-1715	159	2	.	.	PUNCT
framr-1715	159	3	list	list	NOUN
framr-1715	159	4	of	of	ADP
framr-1715	159	5	measures	measure	NOUN
framr-1715	159	6	(	(	PUNCT
framr-1715	159	7	ratios	ratio	NOUN
framr-1715	159	8	)	)	PUNCT
framr-1715	159	9	used	use	VERB
framr-1715	159	10	in	in	ADP
framr-1715	159	11	the	the	DET
framr-1715	159	12	study	study	NOUN
framr-1715	159	13	for	for	ADP
framr-1715	159	14	analysis	analysis	NOUN
framr-1715	159	15	sl	sl	NOUN
framr-1715	159	16	.	.	PUNCT
framr-1715	159	17	no	no	INTJ
framr-1715	159	18	.	.	PUNCT
framr-1715	160	1	variable	variable	ADJ
framr-1715	160	2	/	/	SYM
framr-1715	160	3	measure	measure	NOUN
framr-1715	160	4	formula	formula	NOUN
framr-1715	160	5	inference	inference	NOUN
framr-1715	160	6	1	1	NUM
framr-1715	160	7	earnings	earning	NOUN
framr-1715	160	8	per	per	ADP
framr-1715	160	9	share	share	NOUN
framr-1715	160	10	(	(	PUNCT
framr-1715	160	11	eps	eps	NOUN
framr-1715	160	12	)	)	PUNCT
framr-1715	160	13	net	net	ADJ
framr-1715	160	14	income	income	NOUN
framr-1715	160	15	/	/	SYM
framr-1715	160	16	number	number	NOUN
framr-1715	160	17	of	of	ADP
framr-1715	160	18	equity	equity	NOUN
framr-1715	160	19	shares	share	NOUN
framr-1715	160	20	it	it	PRON
framr-1715	160	21	represents	represent	VERB
framr-1715	160	22	the	the	DET
framr-1715	160	23	capacity	capacity	NOUN
framr-1715	160	24	of	of	ADP
framr-1715	160	25	firm	firm	NOUN
framr-1715	160	26	to	to	PART
framr-1715	160	27	pay	pay	VERB
framr-1715	160	28	dividends	dividend	NOUN
framr-1715	160	29	.	.	PUNCT
framr-1715	161	1	firm	firm	NOUN
framr-1715	161	2	is	be	AUX
framr-1715	161	3	willing	willing	ADJ
framr-1715	161	4	to	to	PART
framr-1715	161	5	pay	pay	VERB
framr-1715	161	6	high	high	ADJ
framr-1715	161	7	dividend	dividend	NOUN
framr-1715	161	8	if	if	SCONJ
framr-1715	161	9	it	it	PRON
framr-1715	161	10	increases	increase	VERB
framr-1715	161	11	profitability	profitability	NOUN
framr-1715	161	12	.	.	PUNCT
framr-1715	162	1	2	2	NUM
framr-1715	162	2	dividend	dividend	NOUN
framr-1715	162	3	per	per	ADP
framr-1715	162	4	share	share	NOUN
framr-1715	162	5	(	(	PUNCT
framr-1715	162	6	dps	dps	NOUN
framr-1715	162	7	)	)	PUNCT
framr-1715	162	8	total	total	ADJ
framr-1715	162	9	dividend	dividend	NOUN
framr-1715	162	10	/	/	SYM
framr-1715	162	11	no	no	INTJ
framr-1715	162	12	.	.	PUNCT
framr-1715	162	13	of	of	ADP
framr-1715	162	14	equity	equity	NOUN
framr-1715	162	15	shares	share	NOUN
framr-1715	162	16	outstanding	outstanding	ADJ
framr-1715	162	17	the	the	DET
framr-1715	162	18	dividend	dividend	NOUN
framr-1715	162	19	per	per	ADP
framr-1715	162	20	share	share	NOUN
framr-1715	162	21	reveals	reveal	VERB
framr-1715	162	22	how	how	SCONJ
framr-1715	162	23	well	well	ADV
framr-1715	162	24	earnings	earning	NOUN
framr-1715	162	25	support	support	VERB
framr-1715	162	26	the	the	DET
framr-1715	162	27	dividend	dividend	NOUN
framr-1715	162	28	payout	payout	NOUN
framr-1715	162	29	.	.	PUNCT
framr-1715	163	1	3	3	NUM
framr-1715	163	2	retained	retain	VERB
framr-1715	163	3	earnings	earning	NOUN
framr-1715	163	4	per	per	ADP
framr-1715	163	5	share	share	NOUN
framr-1715	163	6	(	(	PUNCT
framr-1715	163	7	reps	rep	NOUN
framr-1715	163	8	)	)	PUNCT
framr-1715	163	9	retained	retain	VERB
framr-1715	163	10	earnings	earning	NOUN
framr-1715	163	11	/	/	SYM
framr-1715	163	12	no	no	INTJ
framr-1715	163	13	.	.	PUNCT
framr-1715	163	14	of	of	ADP
framr-1715	163	15	equity	equity	NOUN
framr-1715	163	16	shares	share	NOUN
framr-1715	163	17	outstanding	outstanding	ADJ
framr-1715	163	18	a	a	DET
framr-1715	163	19	firm	firm	NOUN
framr-1715	163	20	with	with	ADP
framr-1715	163	21	growth	growth	NOUN
framr-1715	163	22	in	in	ADP
framr-1715	163	23	its	its	PRON
framr-1715	163	24	retained	retain	VERB
framr-1715	163	25	earnings	earning	NOUN
framr-1715	163	26	can	can	AUX
framr-1715	163	27	use	use	VERB
framr-1715	163	28	the	the	DET
framr-1715	163	29	additional	additional	ADJ
framr-1715	163	30	earnings	earning	NOUN
framr-1715	163	31	to	to	PART
framr-1715	163	32	expand	expand	VERB
framr-1715	163	33	its	its	PRON
framr-1715	163	34	business	business	NOUN
framr-1715	163	35	,	,	PUNCT
framr-1715	163	36	which	which	PRON
framr-1715	163	37	can	can	AUX
framr-1715	163	38	potentially	potentially	ADV
framr-1715	163	39	lead	lead	VERB
framr-1715	163	40	to	to	ADP
framr-1715	163	41	high	high	ADJ
framr-1715	163	42	profits	profit	NOUN
framr-1715	163	43	and	and	CCONJ
framr-1715	163	44	increase	increase	VERB
framr-1715	163	45	the	the	DET
framr-1715	163	46	firm	firm	NOUN
framr-1715	163	47	’s	’s	PART
framr-1715	163	48	value	value	NOUN
framr-1715	163	49	.	.	PUNCT
framr-1715	164	1	4	4	NUM
framr-1715	164	2	price	price	NOUN
framr-1715	164	3	earnings	earning	NOUN
framr-1715	164	4	ratio	ratio	NOUN
framr-1715	164	5	(	(	PUNCT
framr-1715	164	6	per	per	ADP
framr-1715	164	7	)	)	PUNCT
framr-1715	164	8	market	market	NOUN
framr-1715	164	9	value	value	NOUN
framr-1715	164	10	per	per	ADP
framr-1715	164	11	share	share	NOUN
framr-1715	164	12	/	/	SYM
framr-1715	164	13	earnings	earning	NOUN
framr-1715	164	14	per	per	ADP
framr-1715	164	15	share	share	NOUN
framr-1715	164	16	high	high	ADJ
framr-1715	164	17	price	price	NOUN
framr-1715	164	18	earnings	earning	NOUN
framr-1715	164	19	ratio	ratio	NOUN
framr-1715	164	20	indicates	indicate	VERB
framr-1715	164	21	that	that	SCONJ
framr-1715	164	22	investors	investor	NOUN
framr-1715	164	23	anticipate	anticipate	VERB
framr-1715	164	24	high	high	ADJ
framr-1715	164	25	growth	growth	NOUN
framr-1715	164	26	in	in	ADP
framr-1715	164	27	future	future	NOUN
framr-1715	164	28	.	.	PUNCT
framr-1715	165	1	5	5	NUM
framr-1715	165	2	earnings	earning	NOUN
framr-1715	165	3	(	(	PUNCT
framr-1715	165	4	ear	ear	NOUN
framr-1715	165	5	)	)	PUNCT
framr-1715	165	6	total	total	ADJ
framr-1715	165	7	revenue	revenue	NOUN
framr-1715	165	8	–	–	PUNCT
framr-1715	165	9	total	total	ADJ
framr-1715	165	10	expenses	expense	NOUN
framr-1715	165	11	higher	high	ADJ
framr-1715	165	12	the	the	DET
framr-1715	165	13	earnings	earning	NOUN
framr-1715	165	14	,	,	PUNCT
framr-1715	165	15	larger	large	ADJ
framr-1715	165	16	the	the	DET
framr-1715	165	17	cash	cash	NOUN
framr-1715	165	18	flow	flow	NOUN
framr-1715	165	19	and	and	CCONJ
framr-1715	165	20	therefore	therefore	ADV
framr-1715	165	21	,	,	PUNCT
framr-1715	165	22	firms	firm	NOUN
framr-1715	165	23	will	will	AUX
framr-1715	165	24	pay	pay	VERB
framr-1715	165	25	high	high	ADJ
framr-1715	165	26	dividend	dividend	NOUN
framr-1715	165	27	.	.	PUNCT
framr-1715	166	1	6	6	NUM
framr-1715	166	2	market	market	NOUN
framr-1715	166	3	price	price	NOUN
framr-1715	166	4	per	per	ADP
framr-1715	166	5	share	share	NOUN
framr-1715	166	6	(	(	PUNCT
framr-1715	166	7	mps	mps	PROPN
framr-1715	166	8	)	)	PUNCT
framr-1715	166	9	market	market	NOUN
framr-1715	166	10	capitalization	capitalization	NOUN
framr-1715	166	11	/	/	PUNCT
framr-1715	166	12	no	no	INTJ
framr-1715	166	13	.	.	PUNCT
framr-1715	166	14	of	of	ADP
framr-1715	166	15	equity	equity	NOUN
framr-1715	166	16	shares	share	NOUN
framr-1715	166	17	outstanding	outstanding	ADJ
framr-1715	166	18	high	high	ADJ
framr-1715	166	19	market	market	NOUN
framr-1715	166	20	value	value	NOUN
framr-1715	166	21	reflects	reflect	VERB
framr-1715	166	22	that	that	SCONJ
framr-1715	166	23	the	the	DET
framr-1715	166	24	firms	firm	NOUN
framr-1715	166	25	are	be	AUX
framr-1715	166	26	in	in	ADP
framr-1715	166	27	very	very	ADV
framr-1715	166	28	good	good	ADJ
framr-1715	166	29	position	position	NOUN
framr-1715	166	30	and	and	CCONJ
framr-1715	166	31	lower	low	ADJ
framr-1715	166	32	value	value	NOUN
framr-1715	166	33	reflects	reflect	VERB
framr-1715	166	34	otherwise	otherwise	ADV
framr-1715	166	35	.	.	PUNCT
framr-1715	167	1	source	source	NOUN
framr-1715	167	2	:	:	PUNCT
framr-1715	167	3	www.scibd.com/essays/finance.php	www.scibd.com/essays/finance.php	PROPN
framr-1715	167	4	source	source	NOUN
framr-1715	167	5	:	:	PUNCT
framr-1715	167	6	www.ukessays.com	www.ukessays.com	NOUN
framr-1715	167	7	/	/	SYM
framr-1715	167	8	essays	essays	ADJ
framr-1715	167	9	/	/	SYM
framr-1715	167	10	finance	finance	NOUN
framr-1715	167	11	/	/	SYM
framr-1715	167	12	current	current	ADJ
framr-1715	167	13	-	-	PUNCT
framr-1715	167	14	assets	asset	NOUN
framr-1715	167	15	-	-	PUNCT
framr-1715	167	16	current	current	ADJ
framr-1715	167	17	-	-	PUNCT
framr-1715	167	18	liability.php	liability.php	NOUN
framr-1715	167	19	table	table	NOUN
framr-1715	167	20	1	1	NUM
framr-1715	167	21	depicts	depict	VERB
framr-1715	167	22	the	the	DET
framr-1715	167	23	variables	variable	NOUN
framr-1715	167	24	which	which	PRON
framr-1715	167	25	were	be	AUX
framr-1715	167	26	used	use	VERB
framr-1715	167	27	to	to	PART
framr-1715	167	28	study	study	VERB
framr-1715	167	29	the	the	DET
framr-1715	167	30	impact	impact	NOUN
framr-1715	167	31	of	of	ADP
framr-1715	167	32	dividend	dividend	NOUN
framr-1715	167	33	policy	policy	NOUN
framr-1715	167	34	on	on	ADP
framr-1715	167	35	shareholders	shareholder	NOUN
framr-1715	167	36	’	’	PART
framr-1715	167	37	wealth	wealth	NOUN
framr-1715	167	38	before	before	ADP
framr-1715	167	39	and	and	CCONJ
framr-1715	167	40	after	after	ADP
framr-1715	167	41	financial	financial	ADJ
framr-1715	167	42	melt	melt	NOUN
framr-1715	167	43	down	down	ADP
framr-1715	167	44	of	of	ADP
framr-1715	167	45	the	the	DET
framr-1715	167	46	fmcg	fmcg	NOUN
framr-1715	167	47	firms	firm	NOUN
framr-1715	167	48	listed	list	VERB
framr-1715	167	49	on	on	ADP
framr-1715	167	50	bse	bse	PROPN
framr-1715	167	51	.	.	PUNCT
framr-1715	168	1	earnings	earning	NOUN
framr-1715	168	2	per	per	ADP
framr-1715	168	3	share	share	NOUN
framr-1715	168	4	(	(	PUNCT
framr-1715	168	5	eps	eps	PROPN
framr-1715	168	6	)	)	PUNCT
framr-1715	168	7	was	be	AUX
framr-1715	168	8	considered	consider	VERB
framr-1715	168	9	as	as	ADP
framr-1715	168	10	response	response	NOUN
framr-1715	168	11	variable	variable	NOUN
framr-1715	168	12	,	,	PUNCT
framr-1715	168	13	while	while	SCONJ
framr-1715	168	14	dividend	dividend	NOUN
framr-1715	168	15	per	per	ADP
framr-1715	168	16	share	share	NOUN
framr-1715	168	17	(	(	PUNCT
framr-1715	168	18	dps	dps	NOUN
framr-1715	168	19	)	)	PUNCT
framr-1715	168	20	,	,	PUNCT
framr-1715	168	21	retained	retain	VERB
framr-1715	168	22	earnings	earning	NOUN
framr-1715	168	23	per	per	ADP
framr-1715	168	24	share	share	NOUN
framr-1715	168	25	(	(	PUNCT
framr-1715	168	26	reps	rep	NOUN
framr-1715	168	27	)	)	PUNCT
framr-1715	168	28	,	,	PUNCT
framr-1715	168	29	price	price	NOUN
framr-1715	168	30	earnings	earning	NOUN
framr-1715	168	31	ratio	ratio	NOUN
framr-1715	168	32	(	(	PUNCT
framr-1715	168	33	per	per	ADP
framr-1715	168	34	)	)	PUNCT
framr-1715	168	35	,	,	PUNCT
framr-1715	168	36	earnings	earning	NOUN
framr-1715	168	37	(	(	PUNCT
framr-1715	168	38	ear	ear	NOUN
framr-1715	168	39	)	)	PUNCT
framr-1715	168	40	and	and	CCONJ
framr-1715	168	41	lagged	lag	VERB
framr-1715	168	42	market	market	NOUN
framr-1715	168	43	price	price	NOUN
framr-1715	168	44	per	per	ADP
framr-1715	168	45	share	share	NOUN
framr-1715	168	46	(	(	PUNCT
framr-1715	168	47	lagmps	lagmp	NOUN
framr-1715	168	48	)	)	PUNCT
framr-1715	168	49	were	be	AUX
framr-1715	168	50	considered	consider	VERB
framr-1715	168	51	as	as	ADP
framr-1715	168	52	predictor	predictor	NOUN
framr-1715	168	53	variables	variable	NOUN
framr-1715	168	54	.	.	PUNCT
framr-1715	169	1	4	4	X
framr-1715	169	2	.	.	X
framr-1715	169	3	descriptive	descriptive	ADJ
framr-1715	169	4	statistics	statistic	NOUN
framr-1715	169	5	table	table	NOUN
framr-1715	169	6	2	2	NUM
framr-1715	169	7	shows	show	VERB
framr-1715	169	8	the	the	DET
framr-1715	169	9	descriptive	descriptive	ADJ
framr-1715	169	10	statistics	statistic	NOUN
framr-1715	169	11	of	of	ADP
framr-1715	169	12	seven	seven	NUM
framr-1715	169	13	selected	select	VERB
framr-1715	169	14	financial	financial	ADJ
framr-1715	169	15	variables	variable	NOUN
framr-1715	169	16	on	on	ADP
framr-1715	169	17	dividend	dividend	NOUN
framr-1715	169	18	policy	policy	NOUN
framr-1715	169	19	,	,	PUNCT
framr-1715	169	20	which	which	PRON
framr-1715	169	21	reveals	reveal	VERB
framr-1715	169	22	that	that	SCONJ
framr-1715	169	23	the	the	DET
framr-1715	169	24	data	datum	NOUN
framr-1715	169	25	are	be	AUX
framr-1715	169	26	normally	normally	ADV
framr-1715	169	27	distributed	distribute	VERB
framr-1715	169	28	.	.	PUNCT
framr-1715	170	1	the	the	DET
framr-1715	170	2	data	datum	NOUN
framr-1715	170	3	set	set	NOUN
framr-1715	170	4	contained	contain	VERB
framr-1715	170	5	a	a	DET
framr-1715	170	6	total	total	NOUN
framr-1715	170	7	of	of	ADP
framr-1715	170	8	130	130	NUM
framr-1715	170	9	observations	observation	NOUN
framr-1715	170	10	of	of	ADP
framr-1715	170	11	13	13	NUM
framr-1715	170	12	firms	firm	NOUN
framr-1715	170	13	over	over	ADP
framr-1715	170	14	a	a	DET
framr-1715	170	15	period	period	NOUN
framr-1715	170	16	of	of	ADP
framr-1715	170	17	ten	ten	NUM
framr-1715	170	18	years	year	NOUN
framr-1715	170	19	.	.	PUNCT
framr-1715	171	1	the	the	DET
framr-1715	171	2	mean	mean	NOUN
framr-1715	171	3	of	of	ADP
framr-1715	171	4	all	all	DET
framr-1715	171	5	the	the	DET
framr-1715	171	6	selected	select	VERB
framr-1715	171	7	seven	seven	NUM
framr-1715	171	8	variables	variable	NOUN
framr-1715	171	9	is	be	AUX
framr-1715	171	10	very	very	ADV
framr-1715	171	11	much	much	ADV
framr-1715	171	12	close	close	ADJ
framr-1715	171	13	to	to	ADP
framr-1715	171	14	the	the	DET
framr-1715	171	15	median	median	ADJ
framr-1715	171	16	,	,	PUNCT
framr-1715	171	17	implying	imply	VERB
framr-1715	171	18	normality	normality	NOUN
framr-1715	171	19	.	.	PUNCT
framr-1715	172	1	the	the	DET
framr-1715	172	2	average	average	ADJ
framr-1715	172	3	dps	dps	NOUN
framr-1715	172	4	is0.09	is0.09	NOUN
framr-1715	172	5	i.e.	i.e.	ADV
framr-1715	172	6	,	,	PUNCT
framr-1715	172	7	9	9	NUM
framr-1715	172	8	%	%	NOUN
framr-1715	172	9	which	which	PRON
framr-1715	172	10	means	mean	VERB
framr-1715	172	11	,	,	PUNCT
framr-1715	172	12	on	on	ADP
framr-1715	172	13	an	an	DET
framr-1715	172	14	average	average	NOUN
framr-1715	172	15	,	,	PUNCT
framr-1715	172	16	the	the	DET
framr-1715	172	17	firms	firm	NOUN
framr-1715	172	18	pay	pay	VERB
framr-1715	172	19	about	about	ADV
framr-1715	172	20	9	9	NUM
framr-1715	172	21	%	%	NOUN
framr-1715	172	22	of	of	ADP
framr-1715	172	23	their	their	PRON
framr-1715	172	24	profit	profit	NOUN
framr-1715	172	25	as	as	ADP
framr-1715	172	26	dividend	dividend	NOUN
framr-1715	172	27	.	.	PUNCT
framr-1715	173	1	rps	rps	PROPN
framr-1715	173	2	shows	show	VERB
framr-1715	173	3	an	an	DET
framr-1715	173	4	average	average	ADJ
framr-1715	173	5	financial	financial	ADJ
framr-1715	173	6	risk	risk	NOUN
framr-1715	173	7	and	and	CCONJ
framr-1715	173	8	management	management	NOUN
framr-1715	173	9	reviews	review	NOUN
framr-1715	173	10	,	,	PUNCT
framr-1715	173	11	2015	2015	NUM
framr-1715	173	12	,	,	PUNCT
framr-1715	173	13	1(1):8	1(1):8	PROPN
framr-1715	173	14	-	-	SYM
framr-1715	173	15	26	26	NUM
framr-1715	173	16	18	18	NUM
framr-1715	173	17	©	©	PROPN
framr-1715	173	18	2015	2015	NUM
framr-1715	173	19	conscientia	conscientia	PROPN
framr-1715	173	20	beam	beam	PROPN
framr-1715	173	21	.	.	PUNCT
framr-1715	174	1	all	all	DET
framr-1715	174	2	rights	right	NOUN
framr-1715	174	3	reserved	reserve	VERB
framr-1715	174	4	.	.	PUNCT
framr-1715	175	1	of	of	ADP
framr-1715	175	2	2.02	2.02	NUM
framr-1715	175	3	,	,	PUNCT
framr-1715	175	4	which	which	PRON
framr-1715	175	5	reflects	reflect	VERB
framr-1715	175	6	a	a	DET
framr-1715	175	7	firm	firm	NOUN
framr-1715	175	8	with	with	ADP
framr-1715	175	9	growth	growth	NOUN
framr-1715	175	10	in	in	ADP
framr-1715	175	11	its	its	PRON
framr-1715	175	12	rps	rps	NOUN
framr-1715	175	13	,	,	PUNCT
framr-1715	175	14	which	which	PRON
framr-1715	175	15	can	can	AUX
framr-1715	175	16	lead	lead	VERB
framr-1715	175	17	to	to	ADP
framr-1715	175	18	high	high	ADJ
framr-1715	175	19	profits	profit	NOUN
framr-1715	175	20	and	and	CCONJ
framr-1715	175	21	increase	increase	VERB
framr-1715	175	22	the	the	DET
framr-1715	175	23	shareholders	shareholder	NOUN
framr-1715	175	24	’	'	PUNCT
framr-1715	175	25	wealth	wealth	NOUN
framr-1715	175	26	.	.	PUNCT
framr-1715	176	1	ear	ear	PROPN
framr-1715	176	2	shows	show	VERB
framr-1715	176	3	an	an	DET
framr-1715	176	4	average	average	NOUN
framr-1715	176	5	of	of	ADP
framr-1715	176	6	606.66	606.66	NUM
framr-1715	176	7	.	.	PUNCT
framr-1715	177	1	higher	high	ADJ
framr-1715	177	2	earnings	earning	NOUN
framr-1715	177	3	reflect	reflect	VERB
framr-1715	177	4	that	that	SCONJ
framr-1715	177	5	the	the	DET
framr-1715	177	6	firms	firm	NOUN
framr-1715	177	7	have	have	VERB
framr-1715	177	8	capacity	capacity	NOUN
framr-1715	177	9	to	to	PART
framr-1715	177	10	pay	pay	VERB
framr-1715	177	11	dividend	dividend	NOUN
framr-1715	177	12	.	.	PUNCT
framr-1715	178	1	the	the	DET
framr-1715	178	2	average	average	NOUN
framr-1715	178	3	of	of	ADP
framr-1715	178	4	per	per	X
framr-1715	178	5	and	and	CCONJ
framr-1715	178	6	lagper	lagper	NOUN
framr-1715	178	7	is	be	AUX
framr-1715	178	8	21.61	21.61	NUM
framr-1715	178	9	and	and	CCONJ
framr-1715	178	10	20.14	20.14	NUM
framr-1715	178	11	respectively	respectively	ADV
framr-1715	178	12	,	,	PUNCT
framr-1715	178	13	which	which	PRON
framr-1715	178	14	means	mean	VERB
framr-1715	178	15	that	that	SCONJ
framr-1715	178	16	the	the	DET
framr-1715	178	17	investors	investor	NOUN
framr-1715	178	18	anticipate	anticipate	VERB
framr-1715	178	19	high	high	ADJ
framr-1715	178	20	growth	growth	NOUN
framr-1715	178	21	in	in	ADP
framr-1715	178	22	future	future	NOUN
framr-1715	178	23	.	.	PUNCT
framr-1715	179	1	the	the	DET
framr-1715	179	2	average	average	NOUN
framr-1715	179	3	of	of	ADP
framr-1715	179	4	eps	eps	PROPN
framr-1715	179	5	is	be	AUX
framr-1715	179	6	22.35	22.35	NUM
framr-1715	179	7	,	,	PUNCT
framr-1715	179	8	which	which	PRON
framr-1715	179	9	reflects	reflect	VERB
framr-1715	179	10	that	that	SCONJ
framr-1715	179	11	the	the	DET
framr-1715	179	12	firms	firm	NOUN
framr-1715	179	13	of	of	ADP
framr-1715	179	14	fmcg	fmcg	NOUN
framr-1715	179	15	sector	sector	NOUN
framr-1715	179	16	have	have	VERB
framr-1715	179	17	good	good	ADJ
framr-1715	179	18	earnings	earning	NOUN
framr-1715	179	19	and	and	CCONJ
framr-1715	179	20	capacity	capacity	NOUN
framr-1715	179	21	to	to	PART
framr-1715	179	22	pay	pay	VERB
framr-1715	179	23	dividend	dividend	NOUN
framr-1715	179	24	if	if	SCONJ
framr-1715	179	25	it	it	PRON
framr-1715	179	26	increases	increase	VERB
framr-1715	179	27	profitability	profitability	NOUN
framr-1715	179	28	.	.	PUNCT
framr-1715	180	1	the	the	DET
framr-1715	180	2	average	average	NOUN
framr-1715	180	3	of	of	ADP
framr-1715	180	4	lagmv	lagmv	ADJ
framr-1715	180	5	(	(	PUNCT
framr-1715	180	6	388.50	388.50	NUM
framr-1715	180	7	)	)	PUNCT
framr-1715	180	8	reflects	reflect	VERB
framr-1715	180	9	that	that	SCONJ
framr-1715	180	10	the	the	DET
framr-1715	180	11	firms	firm	NOUN
framr-1715	180	12	of	of	ADP
framr-1715	180	13	fmcg	fmcg	NOUN
framr-1715	180	14	sector	sector	NOUN
framr-1715	180	15	are	be	AUX
framr-1715	180	16	in	in	ADP
framr-1715	180	17	very	very	ADV
framr-1715	180	18	good	good	ADJ
framr-1715	180	19	position	position	NOUN
framr-1715	180	20	during	during	ADP
framr-1715	180	21	the	the	DET
framr-1715	180	22	study	study	NOUN
framr-1715	180	23	period	period	NOUN
framr-1715	180	24	,	,	PUNCT
framr-1715	180	25	which	which	PRON
framr-1715	180	26	infers	infer	VERB
framr-1715	180	27	that	that	SCONJ
framr-1715	180	28	the	the	DET
framr-1715	180	29	firms	firm	NOUN
framr-1715	180	30	are	be	AUX
framr-1715	180	31	potential	potential	ADJ
framr-1715	180	32	and	and	CCONJ
framr-1715	180	33	successful	successful	ADJ
framr-1715	180	34	in	in	ADP
framr-1715	180	35	dp	dp	NOUN
framr-1715	180	36	in	in	ADP
framr-1715	180	37	the	the	DET
framr-1715	180	38	long	long	ADJ
framr-1715	180	39	–	–	PUNCT
framr-1715	180	40	run	run	NOUN
framr-1715	180	41	.	.	PUNCT
framr-1715	181	1	the	the	DET
framr-1715	181	2	maximum	maximum	ADJ
framr-1715	181	3	and	and	CCONJ
framr-1715	181	4	minimum	minimum	ADJ
framr-1715	181	5	values	value	NOUN
framr-1715	181	6	of	of	ADP
framr-1715	181	7	the	the	DET
framr-1715	181	8	selected	select	VERB
framr-1715	181	9	variables	variable	NOUN
framr-1715	181	10	have	have	VERB
framr-1715	181	11	more	more	ADJ
framr-1715	181	12	volatility	volatility	NOUN
framr-1715	181	13	for	for	ADP
framr-1715	181	14	all	all	PRON
framr-1715	181	15	except	except	SCONJ
framr-1715	181	16	for	for	ADP
framr-1715	181	17	ear	ear	NOUN
framr-1715	181	18	.	.	PUNCT
framr-1715	182	1	the	the	DET
framr-1715	182	2	standard	standard	ADJ
framr-1715	182	3	deviation	deviation	NOUN
framr-1715	182	4	of	of	ADP
framr-1715	182	5	ear	ear	NOUN
framr-1715	182	6	is	be	AUX
framr-1715	182	7	the	the	DET
framr-1715	182	8	highest	high	ADJ
framr-1715	182	9	(	(	PUNCT
framr-1715	182	10	1051.61	1051.61	NUM
framr-1715	182	11	)	)	PUNCT
framr-1715	182	12	,	,	PUNCT
framr-1715	182	13	whereas	whereas	SCONJ
framr-1715	182	14	the	the	DET
framr-1715	182	15	lowest	low	ADJ
framr-1715	182	16	that	that	PRON
framr-1715	182	17	of	of	ADP
framr-1715	182	18	dps	dps	NOUN
framr-1715	182	19	is	be	AUX
framr-1715	182	20	0.08	0.08	NUM
framr-1715	182	21	.	.	PUNCT
framr-1715	183	1	all	all	DET
framr-1715	183	2	the	the	DET
framr-1715	183	3	selected	select	VERB
framr-1715	183	4	variables	variable	NOUN
framr-1715	183	5	are	be	AUX
framr-1715	183	6	positively	positively	ADV
framr-1715	183	7	skewed	skew	VERB
framr-1715	183	8	except	except	SCONJ
framr-1715	183	9	for	for	ADP
framr-1715	183	10	per	per	ADP
framr-1715	183	11	.	.	PUNCT
framr-1715	184	1	probability	probability	NOUN
framr-1715	184	2	of	of	ADP
framr-1715	184	3	ear	ear	NOUN
framr-1715	184	4	is	be	AUX
framr-1715	184	5	less	less	ADJ
framr-1715	184	6	than	than	ADP
framr-1715	184	7	1	1	NUM
framr-1715	184	8	%	%	NOUN
framr-1715	184	9	level	level	NOUN
framr-1715	184	10	,	,	PUNCT
framr-1715	184	11	implying	imply	VERB
framr-1715	184	12	that	that	SCONJ
framr-1715	184	13	the	the	DET
framr-1715	184	14	selected	select	VERB
framr-1715	184	15	variables	variable	NOUN
framr-1715	184	16	are	be	AUX
framr-1715	184	17	significant	significant	ADJ
framr-1715	184	18	at	at	ADP
framr-1715	184	19	99	99	NUM
framr-1715	184	20	%	%	NOUN
framr-1715	184	21	confidence	confidence	NOUN
framr-1715	184	22	interval	interval	NOUN
framr-1715	184	23	.	.	PUNCT
framr-1715	185	1	dps	dps	NOUN
framr-1715	185	2	and	and	CCONJ
framr-1715	185	3	rps	rps	PROPN
framr-1715	185	4	is	be	AUX
framr-1715	185	5	less	less	ADJ
framr-1715	185	6	than	than	ADP
framr-1715	185	7	5	5	NUM
framr-1715	185	8	%	%	NOUN
framr-1715	185	9	level	level	NOUN
framr-1715	185	10	,	,	PUNCT
framr-1715	185	11	implying	imply	VERB
framr-1715	185	12	that	that	SCONJ
framr-1715	185	13	the	the	DET
framr-1715	185	14	selected	select	VERB
framr-1715	185	15	variables	variable	NOUN
framr-1715	185	16	are	be	AUX
framr-1715	185	17	significant	significant	ADJ
framr-1715	185	18	at	at	ADP
framr-1715	185	19	95	95	NUM
framr-1715	185	20	%	%	NOUN
framr-1715	185	21	confidence	confidence	NOUN
framr-1715	185	22	interval	interval	NOUN
framr-1715	185	23	.	.	PUNCT
framr-1715	186	1	table-2	table-2	NUM
framr-1715	186	2	.	.	PUNCT
framr-1715	186	3	descriptive	descriptive	ADJ
framr-1715	186	4	statistics	statistic	NOUN
framr-1715	186	5	of	of	ADP
framr-1715	186	6	selected	select	VERB
framr-1715	186	7	variables	variable	NOUN
framr-1715	186	8	of	of	ADP
framr-1715	186	9	fmcg	fmcg	NOUN
framr-1715	186	10	firms	firm	NOUN
framr-1715	186	11	in	in	ADP
framr-1715	186	12	india	india	PROPN
framr-1715	186	13	from	from	ADP
framr-1715	186	14	2008	2008	NUM
framr-1715	186	15	to	to	ADP
framr-1715	186	16	2012	2012	NUM
framr-1715	186	17	variables	variable	NOUN
framr-1715	186	18	dps	dps	PROPN
framr-1715	186	19	rps	rps	PROPN
framr-1715	186	20	per	per	ADP
framr-1715	186	21	lagper	lagper	NOUN
framr-1715	186	22	ear	ear	X
framr-1715	186	23	lagmv	lagmv	PROPN
framr-1715	186	24	eps	eps	PROPN
framr-1715	186	25	mean	mean	PROPN
framr-1715	186	26	0.09	0.09	NUM
framr-1715	186	27	2.02	2.02	NUM
framr-1715	186	28	21.61	21.61	NUM
framr-1715	186	29	21.60	21.60	NUM
framr-1715	186	30	606.66	606.66	NUM
framr-1715	186	31	388.50	388.50	NUM
framr-1715	186	32	22.35	22.35	NUM
framr-1715	186	33	median	median	NOUN
framr-1715	186	34	0.08	0.08	NUM
framr-1715	186	35	1.47	1.47	NUM
framr-1715	186	36	21.41	21.41	NUM
framr-1715	186	37	20.14	20.14	NUM
framr-1715	186	38	230.76	230.76	NUM
framr-1715	186	39	223.09	223.09	NUM
framr-1715	186	40	21.06	21.06	NUM
framr-1715	186	41	maximum	maximum	NOUN
framr-1715	186	42	0.24	0.24	NUM
framr-1715	186	43	7.32	7.32	NUM
framr-1715	186	44	35.14	35.14	NUM
framr-1715	186	45	46.53	46.53	NUM
framr-1715	186	46	3598.38	3598.38	NUM
framr-1715	186	47	898.79	898.79	NUM
framr-1715	186	48	54.61	54.61	NUM
framr-1715	186	49	minimum	minimum	NOUN
framr-1715	186	50	0.01	0.01	NUM
framr-1715	186	51	0.28	0.28	NUM
framr-1715	186	52	3.12	3.12	NUM
framr-1715	186	53	5.86	5.86	NUM
framr-1715	186	54	70.82	70.82	NUM
framr-1715	186	55	21.05	21.05	NUM
framr-1715	186	56	3.60	3.60	NUM
framr-1715	186	57	std	std	NOUN
framr-1715	186	58	.	.	PUNCT
framr-1715	187	1	dev	dev	PROPN
framr-1715	187	2	.	.	PROPN
framr-1715	188	1	0.08	0.08	NUM
framr-1715	188	2	1.98	1.98	NUM
framr-1715	188	3	9.95	9.95	NUM
framr-1715	188	4	10.71	10.71	NUM
framr-1715	188	5	1051.61	1051.61	NUM
framr-1715	188	6	342.60	342.60	NUM
framr-1715	188	7	16.14	16.14	NUM
framr-1715	188	8	skewness	skewness	NOUN
framr-1715	188	9	0.66	0.66	NUM
framr-1715	188	10	1.58	1.58	NUM
framr-1715	188	11	-0.31	-0.31	NUM
framr-1715	188	12	0.73	0.73	NUM
framr-1715	188	13	2.207	2.207	NUM
framr-1715	188	14	0.30	0.30	NUM
framr-1715	188	15	0.70	0.70	NUM
framr-1715	188	16	kurtosis	kurtosis	NOUN
framr-1715	188	17	2.19	2.19	NUM
framr-1715	188	18	4.63	4.63	NUM
framr-1715	188	19	2.07	2.07	NUM
framr-1715	188	20	3.35	3.35	NUM
framr-1715	188	21	6.36	6.36	NUM
framr-1715	188	22	1.36	1.36	NUM
framr-1715	188	23	2.37	2.37	NUM
framr-1715	188	24	jarque	jarque	NOUN
framr-1715	188	25	-	-	PUNCT
framr-1715	188	26	bera	bera	NOUN
framr-1715	188	27	1.36	1.36	NUM
framr-1715	188	28	*	*	NOUN
framr-1715	188	29	*	*	PUNCT
framr-1715	188	30	6.91	6.91	NUM
framr-1715	188	31	*	*	PUNCT
framr-1715	188	32	*	*	PUNCT
framr-1715	188	33	0.68	0.68	NUM
framr-1715	188	34	1.23	1.23	NUM
framr-1715	188	35	16.67	16.67	NUM
framr-1715	188	36	*	*	PUNCT
framr-1715	188	37	*	*	PUNCT
framr-1715	188	38	*	*	PUNCT
framr-1715	188	39	1.65	1.65	NUM
framr-1715	188	40	1.28	1.28	NUM
framr-1715	188	41	probability	probability	NOUN
framr-1715	188	42	0.04	0.04	NUM
framr-1715	188	43	0.03	0.03	NUM
framr-1715	188	44	0.70	0.70	NUM
framr-1715	188	45	0.53	0.53	NUM
framr-1715	188	46	0.00	0.00	NUM
framr-1715	188	47	0.43	0.43	NUM
framr-1715	188	48	0.52	0.52	NUM
framr-1715	188	49	n	n	NUM
framr-1715	188	50	13	13	NUM
framr-1715	188	51	13	13	NUM
framr-1715	188	52	13	13	NUM
framr-1715	188	53	13	13	NUM
framr-1715	188	54	13	13	NUM
framr-1715	188	55	13	13	NUM
framr-1715	188	56	13	13	NUM
framr-1715	188	57	dividend	dividend	NOUN
framr-1715	188	58	per	per	ADP
framr-1715	188	59	share	share	NOUN
framr-1715	188	60	(	(	PUNCT
framr-1715	188	61	dps	dps	NOUN
framr-1715	188	62	)	)	PUNCT
framr-1715	188	63	,	,	PUNCT
framr-1715	188	64	retained	retain	VERB
framr-1715	188	65	earnings	earning	NOUN
framr-1715	188	66	per	per	ADP
framr-1715	188	67	share	share	NOUN
framr-1715	188	68	(	(	PUNCT
framr-1715	188	69	rps	rps	PROPN
framr-1715	188	70	)	)	PUNCT
framr-1715	188	71	,	,	PUNCT
framr-1715	188	72	price	price	NOUN
framr-1715	188	73	earnings	earning	NOUN
framr-1715	188	74	ratio	ratio	NOUN
framr-1715	188	75	(	(	PUNCT
framr-1715	188	76	per	per	ADP
framr-1715	188	77	)	)	PUNCT
framr-1715	188	78	,	,	PUNCT
framr-1715	188	79	lagged	lag	VERB
framr-1715	188	80	price	price	NOUN
framr-1715	188	81	earning	earning	NOUN
framr-1715	188	82	ratio	ratio	NOUN
framr-1715	188	83	(	(	PUNCT
framr-1715	188	84	lagper	lagper	NOUN
framr-1715	188	85	)	)	PUNCT
framr-1715	188	86	,	,	PUNCT
framr-1715	188	87	earnings	earning	NOUN
framr-1715	188	88	(	(	PUNCT
framr-1715	188	89	ear	ear	NOUN
framr-1715	188	90	)	)	PUNCT
framr-1715	188	91	,	,	PUNCT
framr-1715	188	92	lagged	lag	VERB
framr-1715	188	93	market	market	NOUN
framr-1715	188	94	value	value	NOUN
framr-1715	188	95	(	(	PUNCT
framr-1715	188	96	lagmv	lagmv	ADJ
framr-1715	188	97	)	)	PUNCT
framr-1715	188	98	,	,	PUNCT
framr-1715	188	99	earnings	earning	NOUN
framr-1715	188	100	per	per	ADP
framr-1715	188	101	share	share	NOUN
framr-1715	188	102	(	(	PUNCT
framr-1715	188	103	eps	eps	PROPN
framr-1715	188	104	)	)	PUNCT
framr-1715	188	105	.	.	PUNCT
framr-1715	189	1	source	source	NOUN
framr-1715	189	2	:	:	PUNCT
framr-1715	189	3	computed	compute	VERB
framr-1715	189	4	results	result	NOUN
framr-1715	189	5	based	base	VERB
framr-1715	189	6	on	on	ADP
framr-1715	189	7	compiled	compile	VERB
framr-1715	189	8	data	datum	NOUN
framr-1715	189	9	from	from	ADP
framr-1715	189	10	the	the	DET
framr-1715	189	11	annual	annual	ADJ
framr-1715	189	12	financial	financial	ADJ
framr-1715	189	13	reports	report	NOUN
framr-1715	189	14	of	of	ADP
framr-1715	189	15	selected	select	VERB
framr-1715	189	16	corporate	corporate	ADJ
framr-1715	189	17	firms	firm	NOUN
framr-1715	189	18	from	from	ADP
framr-1715	189	19	moneycontrol.com	moneycontrol.com	X
framr-1715	189	20	*	*	PUNCT
framr-1715	189	21	*	*	PUNCT
framr-1715	189	22	*	*	PUNCT
framr-1715	189	23	significant	significant	ADJ
framr-1715	189	24	at	at	ADP
framr-1715	189	25	1	1	NUM
framr-1715	189	26	%	%	NOUN
framr-1715	189	27	level	level	NOUN
framr-1715	189	28	;	;	PUNCT
framr-1715	189	29	*	*	PUNCT
framr-1715	189	30	*	*	PUNCT
framr-1715	189	31	significant	significant	ADJ
framr-1715	189	32	at	at	ADP
framr-1715	189	33	5	5	NUM
framr-1715	189	34	%	%	NOUN
framr-1715	189	35	level	level	NOUN
framr-1715	189	36	figure	figure	NOUN
framr-1715	189	37	-	-	PUNCT
framr-1715	189	38	c.	c.	NOUN
framr-1715	189	39	jarque	jarque	NOUN
framr-1715	189	40	-	-	PUNCT
framr-1715	189	41	bera	bera	NOUN
framr-1715	189	42	test	test	NOUN
framr-1715	189	43	of	of	ADP
framr-1715	189	44	selected	select	VERB
framr-1715	189	45	variables	variable	NOUN
framr-1715	189	46	of	of	ADP
framr-1715	189	47	fmcg	fmcg	NOUN
framr-1715	189	48	firms	firm	NOUN
framr-1715	189	49	in	in	ADP
framr-1715	189	50	india	india	PROPN
framr-1715	189	51	from	from	ADP
framr-1715	189	52	2008	2008	NUM
framr-1715	189	53	to	to	ADP
framr-1715	189	54	2012	2012	NUM
framr-1715	189	55	(	(	PUNCT
framr-1715	189	56	in	in	ADP
framr-1715	189	57	crore	crore	NUM
framr-1715	189	58	)	)	PUNCT
framr-1715	189	59	normality	normality	NOUN
framr-1715	189	60	test	test	NOUN
framr-1715	189	61	source	source	NOUN
framr-1715	189	62	:	:	PUNCT
framr-1715	189	63	computed	compute	VERB
framr-1715	189	64	results	result	NOUN
framr-1715	189	65	based	base	VERB
framr-1715	189	66	on	on	ADP
framr-1715	189	67	compiled	compile	VERB
framr-1715	189	68	data	datum	NOUN
framr-1715	189	69	from	from	ADP
framr-1715	189	70	the	the	DET
framr-1715	189	71	annual	annual	ADJ
framr-1715	189	72	financial	financial	ADJ
framr-1715	189	73	reports	report	NOUN
framr-1715	189	74	of	of	ADP
framr-1715	189	75	the	the	DET
framr-1715	189	76	selected	select	VERB
framr-1715	189	77	corporate	corporate	ADJ
framr-1715	189	78	firms	firm	NOUN
framr-1715	189	79	moneycontrol.com	moneycontrol.com	X
framr-1715	189	80	0	0	SYM
framr-1715	189	81	1	1	NUM
framr-1715	189	82	2	2	NUM
framr-1715	189	83	3	3	NUM
framr-1715	189	84	4	4	NUM
framr-1715	189	85	5	5	NUM
framr-1715	189	86	-10.0	-10.0	NUM
framr-1715	189	87	-7.5	-7.5	NOUN
framr-1715	189	88	-5.0	-5.0	PUNCT
framr-1715	189	89	-2.5	-2.5	ADP
framr-1715	189	90	0.0	0.0	NUM
framr-1715	189	91	2.5	2.5	NUM
framr-1715	189	92	5.0	5.0	NUM
framr-1715	189	93	7.5	7.5	NUM
framr-1715	189	94	series	serie	NOUN
framr-1715	189	95	:	:	PUNCT
framr-1715	189	96	residuals	residual	NOUN
framr-1715	189	97	sample	sample	NOUN
framr-1715	189	98	1	1	NUM
framr-1715	189	99	13	13	NUM
framr-1715	189	100	observations	observation	NOUN
framr-1715	189	101	13	13	NUM
framr-1715	189	102	mean	mean	NOUN
framr-1715	189	103	-5.77e-15	-5.77e-15	ADP
framr-1715	189	104	median	median	PROPN
framr-1715	189	105	-0.722129	-0.722129	PROPN
framr-1715	189	106	maximum	maximum	NOUN
framr-1715	189	107	5.547479	5.547479	NUM
framr-1715	189	108	minimum	minimum	NOUN
framr-1715	189	109	-7.891606	-7.891606	NOUN
framr-1715	189	110	std	std	NOUN
framr-1715	189	111	.	.	PUNCT
framr-1715	190	1	dev	dev	PROPN
framr-1715	190	2	.	.	PUNCT
framr-1715	191	1	4.071651	4.071651	NUM
framr-1715	191	2	skewness	skewness	NOUN
framr-1715	191	3	-0.288542	-0.288542	NOUN
framr-1715	191	4	kurtosis	kurtosis	VERB
framr-1715	191	5	2.166745	2.166745	NUM
framr-1715	191	6	jarque	jarque	NOUN
framr-1715	191	7	-	-	PUNCT
framr-1715	191	8	bera	bera	NOUN
framr-1715	191	9	0.556476	0.556476	NUM
framr-1715	191	10	probability	probability	NOUN
framr-1715	191	11	0.757117	0.757117	NUM
framr-1715	191	12	financial	financial	ADJ
framr-1715	191	13	risk	risk	NOUN
framr-1715	191	14	and	and	CCONJ
framr-1715	191	15	management	management	NOUN
framr-1715	191	16	reviews	review	NOUN
framr-1715	191	17	,	,	PUNCT
framr-1715	191	18	2015	2015	NUM
framr-1715	191	19	,	,	PUNCT
framr-1715	191	20	1(1):8	1(1):8	PROPN
framr-1715	191	21	-	-	SYM
framr-1715	191	22	26	26	NUM
framr-1715	191	23	19	19	NUM
framr-1715	191	24	©	©	PROPN
framr-1715	191	25	2015	2015	NUM
framr-1715	191	26	conscientia	conscientia	PROPN
framr-1715	191	27	beam	beam	PROPN
framr-1715	191	28	.	.	PUNCT
framr-1715	192	1	all	all	DET
framr-1715	192	2	rights	right	NOUN
framr-1715	192	3	reserved	reserve	VERB
framr-1715	192	4	.	.	PUNCT
framr-1715	193	1	figure	figure	NOUN
framr-1715	193	2	–	–	PUNCT
framr-1715	193	3	c	c	NOUN
framr-1715	193	4	depicts	depict	VERB
framr-1715	193	5	normality	normality	NOUN
framr-1715	193	6	test	test	NOUN
framr-1715	193	7	,	,	PUNCT
framr-1715	193	8	which	which	PRON
framr-1715	193	9	reveals	reveal	VERB
framr-1715	193	10	that	that	SCONJ
framr-1715	193	11	the	the	DET
framr-1715	193	12	data	datum	NOUN
framr-1715	193	13	form	form	VERB
framr-1715	193	14	normal	normal	ADJ
framr-1715	193	15	distribution	distribution	NOUN
framr-1715	193	16	.	.	PUNCT
framr-1715	194	1	jarque	jarque	NOUN
framr-1715	194	2	-	-	PUNCT
framr-1715	194	3	bera	bera	NOUN
framr-1715	194	4	test	test	NOUN
framr-1715	194	5	(	(	PUNCT
framr-1715	194	6	0.56	0.56	NUM
framr-1715	194	7	)	)	PUNCT
framr-1715	194	8	is	be	AUX
framr-1715	194	9	a	a	DET
framr-1715	194	10	goodness	goodness	NOUN
framr-1715	194	11	of	of	ADP
framr-1715	194	12	fit	fit	NOUN
framr-1715	194	13	,	,	PUNCT
framr-1715	194	14	which	which	PRON
framr-1715	194	15	is	be	AUX
framr-1715	194	16	a	a	DET
framr-1715	194	17	measure	measure	NOUN
framr-1715	194	18	of	of	ADP
framr-1715	194	19	departure	departure	NOUN
framr-1715	194	20	from	from	ADP
framr-1715	194	21	normality	normality	NOUN
framr-1715	194	22	,	,	PUNCT
framr-1715	194	23	based	base	VERB
framr-1715	194	24	on	on	ADP
framr-1715	194	25	the	the	DET
framr-1715	194	26	sample	sample	NOUN
framr-1715	194	27	of	of	ADP
framr-1715	194	28	kurtosis	kurtosis	NOUN
framr-1715	194	29	and	and	CCONJ
framr-1715	194	30	skewness	skewness	NOUN
framr-1715	194	31	.	.	PUNCT
framr-1715	195	1	so	so	ADV
framr-1715	195	2	,	,	PUNCT
framr-1715	195	3	the	the	DET
framr-1715	195	4	samples	sample	NOUN
framr-1715	195	5	from	from	ADP
framr-1715	195	6	a	a	DET
framr-1715	195	7	normal	normal	ADJ
framr-1715	195	8	distribution	distribution	NOUN
framr-1715	195	9	have	have	VERB
framr-1715	195	10	an	an	DET
framr-1715	195	11	expected	expect	VERB
framr-1715	195	12	skewness	skewness	NOUN
framr-1715	195	13	of	of	ADP
framr-1715	195	14	-0.29	-0.29	NUM
framr-1715	195	15	and	and	CCONJ
framr-1715	195	16	an	an	DET
framr-1715	195	17	expected	expect	VERB
framr-1715	195	18	kurtosis	kurtosis	NOUN
framr-1715	195	19	of	of	ADP
framr-1715	195	20	2.17	2.17	NUM
framr-1715	195	21	.	.	PUNCT
framr-1715	196	1	table-3	table-3	NUM
framr-1715	196	2	.	.	PUNCT
framr-1715	197	1	results	result	NOUN
framr-1715	197	2	of	of	ADP
framr-1715	197	3	unit	unit	NOUN
framr-1715	197	4	root	root	NOUN
framr-1715	197	5	test	test	NOUN
framr-1715	197	6	(	(	PUNCT
framr-1715	197	7	augmented	augment	VERB
framr-1715	197	8	dickey	dickey	PROPN
framr-1715	197	9	-	-	PUNCT
framr-1715	197	10	fuller	full	ADJ
framr-1715	197	11	test	test	NOUN
framr-1715	197	12	)	)	PUNCT
framr-1715	197	13	variables	variable	VERB
framr-1715	197	14	adf(t	adf(t	PROPN
framr-1715	197	15	-	-	PUNCT
framr-1715	197	16	statistic	statistic	NOUN
framr-1715	197	17	)	)	PUNCT
framr-1715	197	18	probability	probability	NOUN
framr-1715	197	19	earnings	earning	NOUN
framr-1715	197	20	per	per	ADP
framr-1715	197	21	share	share	NOUN
framr-1715	197	22	(	(	PUNCT
framr-1715	197	23	eps	eps	NOUN
framr-1715	197	24	)	)	PUNCT
framr-1715	197	25	-4.863297	-4.863297	NOUN
framr-1715	197	26	*	*	PUNCT
framr-1715	197	27	*	*	PUNCT
framr-1715	198	1	*	*	X
framr-1715	199	1	0.0045	0.0045	NUM
framr-1715	199	2	dividend	dividend	NOUN
framr-1715	199	3	per	per	ADP
framr-1715	199	4	share	share	NOUN
framr-1715	199	5	(	(	PUNCT
framr-1715	199	6	dps	dps	NOUN
framr-1715	199	7	)	)	PUNCT
framr-1715	199	8	-4.484696	-4.484696	NOUN
framr-1715	199	9	*	*	PUNCT
framr-1715	199	10	*	*	PUNCT
framr-1715	199	11	*	*	PUNCT
framr-1715	199	12	0.0077	0.0077	NUM
framr-1715	199	13	retained	retain	VERB
framr-1715	199	14	earnings	earning	NOUN
framr-1715	199	15	per	per	ADP
framr-1715	199	16	share	share	NOUN
framr-1715	199	17	(	(	PUNCT
framr-1715	199	18	reps	rep	NOUN
framr-1715	199	19	)	)	PUNCT
framr-1715	199	20	-4.185369	-4.185369	NOUN
framr-1715	199	21	*	*	PUNCT
framr-1715	199	22	*	*	PUNCT
framr-1715	199	23	0.0137	0.0137	NUM
framr-1715	199	24	price	price	NOUN
framr-1715	199	25	earning	earning	NOUN
framr-1715	199	26	ratio	ratio	NOUN
framr-1715	199	27	(	(	PUNCT
framr-1715	199	28	per	per	ADP
framr-1715	199	29	)	)	PUNCT
framr-1715	199	30	-10.31925	-10.31925	PUNCT
framr-1715	199	31	*	*	PUNCT
framr-1715	199	32	*	*	PROPN
framr-1715	199	33	*	*	PUNCT
framr-1715	199	34	0.0000	0.0000	NUM
framr-1715	199	35	lagged	lag	VERB
framr-1715	199	36	price	price	NOUN
framr-1715	199	37	earning	earning	NOUN
framr-1715	199	38	ratio	ratio	NOUN
framr-1715	199	39	(	(	PUNCT
framr-1715	199	40	lag	lag	VERB
framr-1715	199	41	per	per	ADP
framr-1715	199	42	)	)	PUNCT
framr-1715	199	43	-6.475426	-6.475426	NOUN
framr-1715	200	1	*	*	PUNCT
framr-1715	200	2	*	*	PUNCT
framr-1715	200	3	*	*	PUNCT
framr-1715	200	4	0.0001	0.0001	NUM
framr-1715	200	5	earnings	earning	NOUN
framr-1715	200	6	(	(	PUNCT
framr-1715	200	7	pat	pat	NOUN
framr-1715	200	8	)	)	PUNCT
framr-1715	200	9	-3.435427	-3.435427	PROPN
framr-1715	200	10	*	*	PUNCT
framr-1715	200	11	*	*	PUNCT
framr-1715	200	12	*	*	PUNCT
framr-1715	201	1	0.0075	0.0075	NUM
framr-1715	201	2	lagged	lag	VERB
framr-1715	201	3	market	market	NOUN
framr-1715	201	4	value	value	NOUN
framr-1715	201	5	(	(	PUNCT
framr-1715	201	6	lagmv	lagmv	ADJ
framr-1715	201	7	)	)	PUNCT
framr-1715	201	8	-4.703563	-4.703563	PROPN
framr-1715	201	9	*	*	PUNCT
framr-1715	201	10	*	*	PUNCT
framr-1715	201	11	*	*	PUNCT
framr-1715	201	12	0.0056	0.0056	NUM
framr-1715	201	13	source	source	NOUN
framr-1715	201	14	:	:	PUNCT
framr-1715	201	15	computed	compute	VERB
framr-1715	201	16	results	result	NOUN
framr-1715	201	17	based	base	VERB
framr-1715	201	18	on	on	ADP
framr-1715	201	19	compiled	compile	VERB
framr-1715	201	20	data	datum	NOUN
framr-1715	201	21	from	from	ADP
framr-1715	201	22	the	the	DET
framr-1715	201	23	annual	annual	ADJ
framr-1715	201	24	financial	financial	ADJ
framr-1715	201	25	reports	report	NOUN
framr-1715	201	26	of	of	ADP
framr-1715	201	27	the	the	DET
framr-1715	201	28	selected	select	VERB
framr-1715	201	29	corporate	corporate	ADJ
framr-1715	201	30	firms	firm	NOUN
framr-1715	201	31	from	from	ADP
framr-1715	201	32	moneycontrol.com	moneycontrol.com	X
framr-1715	201	33	*	*	PUNCT
framr-1715	201	34	*	*	PUNCT
framr-1715	201	35	*	*	PUNCT
framr-1715	201	36	significant	significant	ADJ
framr-1715	201	37	at	at	ADP
framr-1715	201	38	1	1	NUM
framr-1715	201	39	%	%	NOUN
framr-1715	201	40	level	level	NOUN
framr-1715	201	41	;	;	PUNCT
framr-1715	201	42	*	*	PUNCT
framr-1715	201	43	*	*	PUNCT
framr-1715	201	44	significant	significant	ADJ
framr-1715	201	45	at	at	ADP
framr-1715	201	46	5	5	NUM
framr-1715	201	47	%	%	NOUN
framr-1715	201	48	level	level	NOUN
framr-1715	201	49	.	.	PUNCT
framr-1715	201	50	table	table	NOUN
framr-1715	201	51	3	3	NUM
framr-1715	201	52	shows	show	VERB
framr-1715	201	53	the	the	DET
framr-1715	201	54	presence	presence	NOUN
framr-1715	201	55	of	of	ADP
framr-1715	201	56	unit	unit	NOUN
framr-1715	201	57	root	root	NOUN
framr-1715	201	58	in	in	ADP
framr-1715	201	59	the	the	DET
framr-1715	201	60	series	series	NOUN
framr-1715	201	61	using	use	VERB
framr-1715	201	62	augmented	augment	VERB
framr-1715	201	63	dickey	dickey	PROPN
framr-1715	201	64	-	-	PUNCT
framr-1715	201	65	fuller	full	ADJ
framr-1715	201	66	test	test	NOUN
framr-1715	201	67	(	(	PUNCT
framr-1715	201	68	adf	adf	PROPN
framr-1715	201	69	)	)	PUNCT
framr-1715	201	70	.	.	PUNCT
framr-1715	202	1	the	the	DET
framr-1715	202	2	results	result	NOUN
framr-1715	202	3	show	show	VERB
framr-1715	202	4	that	that	SCONJ
framr-1715	202	5	there	there	PRON
framr-1715	202	6	is	be	VERB
framr-1715	202	7	a	a	DET
framr-1715	202	8	need	need	NOUN
framr-1715	202	9	for	for	ADP
framr-1715	202	10	verifying	verify	VERB
framr-1715	202	11	whether	whether	SCONJ
framr-1715	202	12	the	the	DET
framr-1715	202	13	data	datum	NOUN
framr-1715	202	14	are	be	AUX
framr-1715	202	15	stationary	stationary	ADJ
framr-1715	202	16	by	by	ADP
framr-1715	202	17	unit	unit	NOUN
framr-1715	202	18	root	root	PROPN
framr-1715	202	19	test	test	NOUN
framr-1715	202	20	,	,	PUNCT
framr-1715	202	21	hence	hence	ADV
framr-1715	202	22	it	it	PRON
framr-1715	202	23	is	be	AUX
framr-1715	202	24	conducted	conduct	VERB
framr-1715	202	25	by	by	ADP
framr-1715	202	26	augmented	augment	VERB
framr-1715	202	27	dickey	dickey	PROPN
framr-1715	202	28	-	-	PUNCT
framr-1715	202	29	fuller	full	ADJ
framr-1715	202	30	(	(	PUNCT
framr-1715	202	31	adf	adf	NOUN
framr-1715	202	32	)	)	PUNCT
framr-1715	202	33	.	.	PUNCT
framr-1715	203	1	the	the	DET
framr-1715	203	2	p	p	PROPN
framr-1715	203	3	values	value	NOUN
framr-1715	203	4	of	of	ADP
framr-1715	203	5	adf	adf	NOUN
framr-1715	203	6	are	be	AUX
framr-1715	203	7	less	less	ADJ
framr-1715	203	8	than	than	ADP
framr-1715	203	9	0.05	0.05	NUM
framr-1715	203	10	,	,	PUNCT
framr-1715	203	11	which	which	PRON
framr-1715	203	12	infer	infer	VERB
framr-1715	203	13	that	that	SCONJ
framr-1715	203	14	the	the	DET
framr-1715	203	15	data	datum	NOUN
framr-1715	203	16	of	of	ADP
framr-1715	203	17	the	the	DET
framr-1715	203	18	time	time	NOUN
framr-1715	203	19	series	series	NOUN
framr-1715	203	20	for	for	ADP
framr-1715	203	21	the	the	DET
framr-1715	203	22	whole	whole	ADJ
framr-1715	203	23	study	study	NOUN
framr-1715	203	24	period	period	NOUN
framr-1715	203	25	are	be	AUX
framr-1715	203	26	stationary	stationary	ADJ
framr-1715	203	27	.	.	PUNCT
framr-1715	204	1	the	the	DET
framr-1715	204	2	adf	adf	PROPN
framr-1715	204	3	test	test	NOUN
framr-1715	204	4	statistics	statistic	NOUN
framr-1715	204	5	report	report	VERB
framr-1715	204	6	that	that	SCONJ
framr-1715	204	7	hypothesis	hypothesis	NOUN
framr-1715	204	8	of	of	ADP
framr-1715	204	9	a	a	DET
framr-1715	204	10	unit	unit	NOUN
framr-1715	204	11	root	root	NOUN
framr-1715	204	12	in	in	ADP
framr-1715	204	13	the	the	DET
framr-1715	204	14	series	series	NOUN
framr-1715	204	15	is	be	AUX
framr-1715	204	16	rejected	reject	VERB
framr-1715	204	17	at	at	ADP
framr-1715	204	18	1	1	NUM
framr-1715	204	19	%	%	NOUN
framr-1715	204	20	level	level	NOUN
framr-1715	204	21	for	for	ADP
framr-1715	204	22	eps	eps	PROPN
framr-1715	204	23	,	,	PUNCT
framr-1715	204	24	dps	dps	NOUN
framr-1715	204	25	,	,	PUNCT
framr-1715	204	26	per	per	ADP
framr-1715	204	27	,	,	PUNCT
framr-1715	204	28	lagper	lagper	NOUN
framr-1715	204	29	,	,	PUNCT
framr-1715	204	30	ear	ear	NOUN
framr-1715	204	31	and	and	CCONJ
framr-1715	204	32	lagmv	lagmv	PROPN
framr-1715	204	33	(	(	PUNCT
framr-1715	204	34	critical	critical	ADJ
framr-1715	204	35	values	value	NOUN
framr-1715	204	36	-4.86	-4.86	NOUN
framr-1715	204	37	,	,	PUNCT
framr-1715	204	38	-4.48	-4.48	NUM
framr-1715	204	39	,	,	PUNCT
framr-1715	204	40	-10.31	-10.31	PROPN
framr-1715	204	41	,	,	PUNCT
framr-1715	204	42	-6.48	-6.48	NUM
framr-1715	204	43	,	,	PUNCT
framr-1715	204	44	-4.70	-4.70	NUM
framr-1715	204	45	respectively	respectively	ADV
framr-1715	204	46	)	)	PUNCT
framr-1715	204	47	and	and	CCONJ
framr-1715	204	48	at	at	ADP
framr-1715	204	49	5	5	NUM
framr-1715	204	50	%	%	NOUN
framr-1715	204	51	for	for	ADP
framr-1715	204	52	rps	rps	PROPN
framr-1715	204	53	(	(	PUNCT
framr-1715	204	54	critical	critical	ADJ
framr-1715	204	55	value	value	NOUN
framr-1715	204	56	of	of	ADP
framr-1715	204	57	-4.19	-4.19	NUM
framr-1715	204	58	)	)	PUNCT
framr-1715	204	59	for	for	ADP
framr-1715	204	60	the	the	DET
framr-1715	204	61	adf	adf	PROPN
framr-1715	204	62	test	test	NOUN
framr-1715	204	63	.	.	PUNCT
framr-1715	205	1	therefore	therefore	ADV
framr-1715	205	2	,	,	PUNCT
framr-1715	205	3	the	the	DET
framr-1715	205	4	result	result	NOUN
framr-1715	205	5	of	of	ADP
framr-1715	205	6	the	the	DET
framr-1715	205	7	test	test	NOUN
framr-1715	205	8	confirms	confirm	VERB
framr-1715	205	9	that	that	SCONJ
framr-1715	205	10	the	the	DET
framr-1715	205	11	data	datum	NOUN
framr-1715	205	12	of	of	ADP
framr-1715	205	13	the	the	DET
framr-1715	205	14	series	series	NOUN
framr-1715	205	15	are	be	AUX
framr-1715	205	16	stationary	stationary	ADJ
framr-1715	205	17	.	.	PUNCT
framr-1715	206	1	table-4	table-4	NOUN
framr-1715	206	2	.	.	PUNCT
framr-1715	206	3	results	result	NOUN
framr-1715	206	4	of	of	ADP
framr-1715	206	5	white	white	ADJ
framr-1715	206	6	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	206	7	test	test	NOUN
framr-1715	206	8	f	f	NOUN
framr-1715	206	9	-	-	PUNCT
framr-1715	206	10	statistic	statistic	NOUN
framr-1715	206	11	0.326	0.326	NUM
framr-1715	206	12	probability	probability	NOUN
framr-1715	206	13	0.900	0.900	NUM
framr-1715	206	14	obs	obs	PROPN
framr-1715	206	15	*	*	PUNCT
framr-1715	206	16	r	r	NOUN
framr-1715	206	17	-	-	PUNCT
framr-1715	206	18	squared	square	VERB
framr-1715	206	19	3.196	3.196	NUM
framr-1715	206	20	probability	probability	NOUN
framr-1715	206	21	0.783	0.783	NUM
framr-1715	206	22	source	source	NOUN
framr-1715	206	23	:	:	PUNCT
framr-1715	206	24	computed	compute	VERB
framr-1715	206	25	results	result	NOUN
framr-1715	206	26	based	base	VERB
framr-1715	206	27	on	on	ADP
framr-1715	206	28	compiled	compile	VERB
framr-1715	206	29	data	datum	NOUN
framr-1715	206	30	from	from	ADP
framr-1715	206	31	the	the	DET
framr-1715	206	32	annual	annual	ADJ
framr-1715	206	33	financial	financial	ADJ
framr-1715	206	34	reports	report	NOUN
framr-1715	206	35	from	from	ADP
framr-1715	206	36	moneycontrol.com	moneycontrol.com	X
framr-1715	206	37	financial	financial	ADJ
framr-1715	206	38	risk	risk	NOUN
framr-1715	206	39	and	and	CCONJ
framr-1715	206	40	management	management	NOUN
framr-1715	206	41	reviews	review	NOUN
framr-1715	206	42	,	,	PUNCT
framr-1715	206	43	2015	2015	NUM
framr-1715	206	44	,	,	PUNCT
framr-1715	206	45	1(1):8	1(1):8	PROPN
framr-1715	206	46	-	-	SYM
framr-1715	206	47	26	26	NUM
framr-1715	206	48	20	20	NUM
framr-1715	206	49	©	©	PROPN
framr-1715	206	50	2015	2015	NUM
framr-1715	206	51	conscientia	conscientia	PROPN
framr-1715	206	52	beam	beam	PROPN
framr-1715	206	53	.	.	PUNCT
framr-1715	207	1	all	all	DET
framr-1715	207	2	rights	right	NOUN
framr-1715	207	3	reserved	reserve	VERB
framr-1715	207	4	.	.	PUNCT
framr-1715	208	1	the	the	DET
framr-1715	208	2	condition	condition	NOUN
framr-1715	208	3	of	of	ADP
framr-1715	208	4	classic	classic	ADJ
framr-1715	208	5	linear	linear	ADJ
framr-1715	208	6	regression	regression	NOUN
framr-1715	208	7	model	model	NOUN
framr-1715	208	8	(	(	PUNCT
framr-1715	208	9	vide	vide	NOUN
framr-1715	208	10	table	table	NOUN
framr-1715	208	11	4	4	NUM
framr-1715	208	12	)	)	PUNCT
framr-1715	208	13	implies	imply	VERB
framr-1715	208	14	that	that	SCONJ
framr-1715	208	15	there	there	PRON
framr-1715	208	16	should	should	AUX
framr-1715	208	17	be	be	AUX
framr-1715	208	18	homoskedasticity	homoskedasticity	NOUN
framr-1715	208	19	between	between	ADP
framr-1715	208	20	variables	variable	NOUN
framr-1715	208	21	,	,	PUNCT
framr-1715	208	22	which	which	PRON
framr-1715	208	23	means	mean	VERB
framr-1715	208	24	that	that	SCONJ
framr-1715	208	25	the	the	DET
framr-1715	208	26	spread	spread	NOUN
framr-1715	208	27	should	should	AUX
framr-1715	208	28	be	be	AUX
framr-1715	208	29	constant	constant	ADJ
framr-1715	208	30	and	and	CCONJ
framr-1715	208	31	same	same	ADJ
framr-1715	208	32	.	.	PUNCT
framr-1715	209	1	variance	variance	NOUN
framr-1715	209	2	of	of	ADP
framr-1715	209	3	residuals	residual	NOUN
framr-1715	209	4	should	should	AUX
framr-1715	209	5	be	be	AUX
framr-1715	209	6	constant	constant	ADJ
framr-1715	209	7	otherwise	otherwise	ADV
framr-1715	209	8	,	,	PUNCT
framr-1715	209	9	the	the	DET
framr-1715	209	10	condition	condition	NOUN
framr-1715	209	11	for	for	ADP
framr-1715	209	12	existence	existence	NOUN
framr-1715	209	13	of	of	ADP
framr-1715	209	14	regression	regression	NOUN
framr-1715	209	15	,	,	PUNCT
framr-1715	209	16	homoskedasticity	homoskedasticity	NOUN
framr-1715	209	17	would	would	AUX
framr-1715	209	18	be	be	AUX
framr-1715	209	19	violated	violate	VERB
framr-1715	209	20	and	and	CCONJ
framr-1715	209	21	the	the	DET
framr-1715	209	22	data	datum	NOUN
framr-1715	209	23	would	would	AUX
framr-1715	209	24	be	be	AUX
framr-1715	209	25	heteroskedastic	heteroskedastic	ADJ
framr-1715	209	26	.	.	PUNCT
framr-1715	210	1	to	to	PART
framr-1715	210	2	check	check	VERB
framr-1715	210	3	,	,	PUNCT
framr-1715	210	4	white	white	ADJ
framr-1715	210	5	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	210	6	test	test	NOUN
framr-1715	210	7	is	be	AUX
framr-1715	210	8	applied	apply	VERB
framr-1715	210	9	for	for	ADP
framr-1715	210	10	the	the	DET
framr-1715	210	11	residuals	residual	NOUN
framr-1715	210	12	,	,	PUNCT
framr-1715	210	13	which	which	PRON
framr-1715	210	14	reveals	reveal	VERB
framr-1715	210	15	that	that	SCONJ
framr-1715	210	16	the	the	DET
framr-1715	210	17	probability	probability	NOUN
framr-1715	210	18	is	be	AUX
framr-1715	210	19	more	more	ADJ
framr-1715	210	20	than	than	ADP
framr-1715	210	21	5	5	NUM
framr-1715	210	22	%	%	NOUN
framr-1715	210	23	.	.	PUNCT
framr-1715	211	1	hence	hence	ADV
framr-1715	211	2	,	,	PUNCT
framr-1715	211	3	it	it	PRON
framr-1715	211	4	proves	prove	VERB
framr-1715	211	5	that	that	SCONJ
framr-1715	211	6	there	there	PRON
framr-1715	211	7	is	be	VERB
framr-1715	211	8	absence	absence	NOUN
framr-1715	211	9	of	of	ADP
framr-1715	211	10	heteroskedasticity	heteroskedasticity	NOUN
framr-1715	211	11	and	and	CCONJ
framr-1715	211	12	the	the	DET
framr-1715	211	13	data	datum	NOUN
framr-1715	211	14	have	have	VERB
framr-1715	211	15	uniform	uniform	NOUN
framr-1715	211	16	spread	spread	VERB
framr-1715	211	17	.	.	PUNCT
framr-1715	212	1	table-5.results	table-5.result	NOUN
framr-1715	212	2	of	of	ADP
framr-1715	212	3	breuch	breuch	ADJ
framr-1715	212	4	-	-	PUNCT
framr-1715	212	5	godfrey	godfrey	NOUN
framr-1715	212	6	serial	serial	ADJ
framr-1715	212	7	correlation	correlation	NOUN
framr-1715	212	8	lm	lm	INTJ
framr-1715	212	9	test	test	NOUN
framr-1715	212	10	f	f	NOUN
framr-1715	212	11	-	-	PUNCT
framr-1715	212	12	statistic	statistic	NOUN
framr-1715	212	13	0.779	0.779	NUM
framr-1715	212	14	probability	probability	NOUN
framr-1715	212	15	0.614	0.614	NUM
framr-1715	212	16	obs	obs	PROPN
framr-1715	212	17	*	*	PUNCT
framr-1715	212	18	r	r	NOUN
framr-1715	212	19	-	-	PUNCT
framr-1715	212	20	squared	square	VERB
framr-1715	212	21	5.696	5.696	NUM
framr-1715	212	22	probability	probability	NOUN
framr-1715	212	23	0.458	0.458	NUM
framr-1715	212	24	source	source	NOUN
framr-1715	212	25	:	:	PUNCT
framr-1715	212	26	computed	compute	VERB
framr-1715	212	27	results	result	NOUN
framr-1715	212	28	based	base	VERB
framr-1715	212	29	on	on	ADP
framr-1715	212	30	compiled	compile	VERB
framr-1715	212	31	data	datum	NOUN
framr-1715	212	32	from	from	ADP
framr-1715	212	33	the	the	DET
framr-1715	212	34	annual	annual	ADJ
framr-1715	212	35	financial	financial	ADJ
framr-1715	212	36	reports	report	NOUN
framr-1715	212	37	from	from	ADP
framr-1715	212	38	the	the	DET
framr-1715	212	39	moneycontrol.com	moneycontrol.com	X
framr-1715	212	40	it	it	PRON
framr-1715	212	41	is	be	AUX
framr-1715	212	42	evident	evident	ADJ
framr-1715	212	43	that	that	SCONJ
framr-1715	212	44	there	there	PRON
framr-1715	212	45	is	be	VERB
framr-1715	212	46	no	no	DET
framr-1715	212	47	serial	serial	ADJ
framr-1715	212	48	correlation	correlation	NOUN
framr-1715	212	49	(	(	PUNCT
framr-1715	212	50	vide	vide	NOUN
framr-1715	212	51	table	table	NOUN
framr-1715	212	52	5	5	NUM
framr-1715	212	53	)	)	PUNCT
framr-1715	212	54	.	.	PUNCT
framr-1715	213	1	hence	hence	ADV
framr-1715	213	2	,	,	PUNCT
framr-1715	213	3	the	the	DET
framr-1715	213	4	null	null	ADJ
framr-1715	213	5	hypothesis	hypothesis	NOUN
framr-1715	213	6	is	be	AUX
framr-1715	213	7	accepted	accept	VERB
framr-1715	213	8	,	,	PUNCT
framr-1715	213	9	which	which	PRON
framr-1715	213	10	infers	infer	VERB
framr-1715	213	11	that	that	SCONJ
framr-1715	213	12	if	if	SCONJ
framr-1715	213	13	an	an	DET
framr-1715	213	14	estimated	estimate	VERB
framr-1715	213	15	regression	regression	NOUN
framr-1715	213	16	line	line	NOUN
framr-1715	213	17	fulfills	fulfill	VERB
framr-1715	213	18	all	all	DET
framr-1715	213	19	the	the	DET
framr-1715	213	20	requirements	requirement	NOUN
framr-1715	213	21	of	of	ADP
framr-1715	213	22	a	a	DET
framr-1715	213	23	good	good	ADJ
framr-1715	213	24	regression	regression	NOUN
framr-1715	213	25	model	model	NOUN
framr-1715	213	26	it	it	PRON
framr-1715	213	27	invites	invite	VERB
framr-1715	213	28	to	to	PART
framr-1715	213	29	move	move	VERB
framr-1715	213	30	for	for	ADP
framr-1715	213	31	further	further	ADJ
framr-1715	213	32	hypothesis	hypothesis	NOUN
framr-1715	213	33	testing	testing	NOUN
framr-1715	213	34	or	or	CCONJ
framr-1715	213	35	forecasting	forecasting	NOUN
framr-1715	213	36	.	.	PUNCT
framr-1715	214	1	the	the	DET
framr-1715	214	2	estimated	estimate	VERB
framr-1715	214	3	regression	regression	NOUN
framr-1715	214	4	has	have	VERB
framr-1715	214	5	either	either	CCONJ
framr-1715	214	6	no	no	DET
framr-1715	214	7	heteroskedascity	heteroskedascity	NOUN
framr-1715	214	8	or	or	CCONJ
framr-1715	214	9	no	no	DET
framr-1715	214	10	serial	serial	ADJ
framr-1715	214	11	correlation	correlation	NOUN
framr-1715	214	12	hence	hence	ADV
framr-1715	214	13	it	it	PRON
framr-1715	214	14	leads	lead	VERB
framr-1715	214	15	to	to	PART
framr-1715	214	16	go	go	VERB
framr-1715	214	17	for	for	ADP
framr-1715	214	18	testing	testing	NOUN
framr-1715	214	19	hypothesis	hypothesis	NOUN
framr-1715	214	20	by	by	ADP
framr-1715	214	21	use	use	NOUN
framr-1715	214	22	of	of	ADP
framr-1715	214	23	arch	arch	ADJ
framr-1715	214	24	-	-	PUNCT
framr-1715	214	25	lm	lm	NUM
framr-1715	214	26	model	model	NOUN
framr-1715	214	27	.	.	PUNCT
framr-1715	215	1	table-6	table-6	PRON
framr-1715	215	2	.	.	NOUN
framr-1715	215	3	results	result	NOUN
framr-1715	215	4	of	of	ADP
framr-1715	215	5	arch	arch	ADJ
framr-1715	215	6	-	-	PUNCT
framr-1715	215	7	lm	lm	NOUN
framr-1715	215	8	test	test	NOUN
framr-1715	215	9	f	f	NOUN
framr-1715	215	10	-	-	PUNCT
framr-1715	215	11	statistic	statistic	VERB
framr-1715	215	12	3.537	3.537	NUM
framr-1715	215	13	probability	probability	NOUN
framr-1715	215	14	0.059	0.059	NUM
framr-1715	215	15	obs	obs	PROPN
framr-1715	215	16	*	*	PUNCT
framr-1715	215	17	r	r	X
framr-1715	215	18	-	-	PUNCT
framr-1715	215	19	squared	square	VERB
framr-1715	215	20	3.135	3.135	NUM
framr-1715	215	21	probability	probability	NOUN
framr-1715	215	22	0.056	0.056	NUM
framr-1715	215	23	source	source	NOUN
framr-1715	215	24	:	:	PUNCT
framr-1715	215	25	computed	compute	VERB
framr-1715	215	26	results	result	NOUN
framr-1715	215	27	based	base	VERB
framr-1715	215	28	on	on	ADP
framr-1715	215	29	compiled	compile	VERB
framr-1715	215	30	data	datum	NOUN
framr-1715	215	31	from	from	ADP
framr-1715	215	32	the	the	DET
framr-1715	215	33	annual	annual	ADJ
framr-1715	215	34	financial	financial	ADJ
framr-1715	215	35	reports	report	NOUN
framr-1715	215	36	from	from	ADP
framr-1715	215	37	moneycontrol.com	moneycontrol.com	X
framr-1715	215	38	6	6	NUM
framr-1715	215	39	shows	show	VERB
framr-1715	215	40	the	the	DET
framr-1715	215	41	arch	arch	ADJ
framr-1715	215	42	-	-	PUNCT
framr-1715	215	43	lm	lm	NOUN
framr-1715	215	44	test	test	NOUN
framr-1715	215	45	,	,	PUNCT
framr-1715	215	46	(	(	PUNCT
framr-1715	215	47	p	p	X
framr-1715	215	48	<	<	X
framr-1715	215	49	0.05	0.05	NUM
framr-1715	215	50	)	)	PUNCT
framr-1715	215	51	and	and	CCONJ
framr-1715	215	52	the	the	DET
framr-1715	215	53	null	null	ADJ
framr-1715	215	54	hypothesis	hypothesis	NOUN
framr-1715	215	55	is	be	AUX
framr-1715	215	56	rejected	reject	VERB
framr-1715	215	57	at	at	ADP
framr-1715	215	58	5	5	NUM
framr-1715	215	59	%	%	NOUN
framr-1715	215	60	level	level	NOUN
framr-1715	215	61	,	,	PUNCT
framr-1715	215	62	which	which	PRON
framr-1715	215	63	reveals	reveal	VERB
framr-1715	215	64	that	that	SCONJ
framr-1715	215	65	there	there	PRON
framr-1715	215	66	is	be	VERB
framr-1715	215	67	presence	presence	NOUN
framr-1715	215	68	of	of	ADP
framr-1715	215	69	arch	arch	ADJ
framr-1715	215	70	effect	effect	NOUN
framr-1715	215	71	in	in	ADP
framr-1715	215	72	the	the	DET
framr-1715	215	73	residuals	residual	NOUN
framr-1715	215	74	of	of	ADP
framr-1715	215	75	simple	simple	ADJ
framr-1715	215	76	time	time	NOUN
framr-1715	215	77	series	series	NOUN
framr-1715	215	78	models	model	NOUN
framr-1715	215	79	.	.	PUNCT
framr-1715	216	1	5	5	X
framr-1715	216	2	.	.	X
framr-1715	216	3	correlation	correlation	NOUN
framr-1715	216	4	analysis	analysis	NOUN
framr-1715	216	5	table	table	NOUN
framr-1715	216	6	7(a	7(a	NUM
framr-1715	216	7	)	)	PUNCT
framr-1715	216	8	shows	show	VERB
framr-1715	216	9	the	the	DET
framr-1715	216	10	correlation	correlation	NOUN
framr-1715	216	11	matrix	matrix	NOUN
framr-1715	216	12	of	of	ADP
framr-1715	216	13	selected	select	VERB
framr-1715	216	14	variables	variable	NOUN
framr-1715	216	15	;	;	PUNCT
framr-1715	216	16	the	the	DET
framr-1715	216	17	relationship	relationship	NOUN
framr-1715	216	18	between	between	ADP
framr-1715	216	19	eps	eps	PROPN
framr-1715	216	20	and	and	CCONJ
framr-1715	216	21	rps	rps	PROPN
framr-1715	216	22	(	(	PUNCT
framr-1715	216	23	0.837	0.837	NUM
framr-1715	216	24	)	)	PUNCT
framr-1715	216	25	;	;	PUNCT
framr-1715	216	26	that	that	PRON
framr-1715	216	27	of	of	ADP
framr-1715	216	28	between	between	ADP
framr-1715	216	29	lag	lag	NOUN
framr-1715	216	30	mps	mp	NOUN
framr-1715	216	31	and	and	CCONJ
framr-1715	216	32	eps	eps	PROPN
framr-1715	216	33	(	(	PUNCT
framr-1715	216	34	0.751	0.751	NUM
framr-1715	216	35	)	)	PUNCT
framr-1715	216	36	,	,	PUNCT
framr-1715	216	37	which	which	PRON
framr-1715	216	38	are	be	AUX
framr-1715	216	39	highly	highly	ADV
framr-1715	216	40	significant	significant	ADJ
framr-1715	216	41	positively	positively	ADV
framr-1715	216	42	at	at	ADP
framr-1715	216	43	1	1	NUM
framr-1715	216	44	%	%	NOUN
framr-1715	216	45	level	level	NOUN
framr-1715	216	46	;	;	PUNCT
framr-1715	216	47	whereas	whereas	SCONJ
framr-1715	216	48	the	the	DET
framr-1715	216	49	relationship	relationship	NOUN
framr-1715	216	50	between	between	ADP
framr-1715	216	51	eps	eps	PROPN
framr-1715	216	52	and	and	CCONJ
framr-1715	216	53	dps	dps	PROPN
framr-1715	216	54	(	(	PUNCT
framr-1715	216	55	0.617	0.617	NUM
framr-1715	216	56	)	)	PUNCT
framr-1715	216	57	;	;	PUNCT
framr-1715	216	58	and	and	CCONJ
framr-1715	216	59	that	that	PRON
framr-1715	216	60	of	of	ADP
framr-1715	216	61	between	between	ADP
framr-1715	216	62	ear	ear	NOUN
framr-1715	216	63	and	and	CCONJ
framr-1715	216	64	per	per	X
framr-1715	216	65	(	(	PUNCT
framr-1715	216	66	0.659	0.659	NUM
framr-1715	216	67	)	)	PUNCT
framr-1715	216	68	;	;	PUNCT
framr-1715	216	69	and	and	CCONJ
framr-1715	216	70	that	that	PRON
framr-1715	216	71	of	of	ADP
framr-1715	216	72	between	between	ADP
framr-1715	216	73	lagmps	lagmp	NOUN
framr-1715	216	74	and	and	CCONJ
framr-1715	216	75	lagper	lagper	NOUN
framr-1715	216	76	(	(	PUNCT
framr-1715	216	77	0.585	0.585	NUM
framr-1715	216	78	)	)	PUNCT
framr-1715	216	79	are	be	AUX
framr-1715	216	80	significant	significant	ADJ
framr-1715	216	81	positively	positively	ADV
framr-1715	216	82	at	at	ADP
framr-1715	216	83	5	5	NUM
framr-1715	216	84	%	%	NOUN
framr-1715	216	85	level	level	NOUN
framr-1715	216	86	.	.	PUNCT
framr-1715	217	1	table	table	NOUN
framr-1715	217	2	7(b	7(b	NOUN
framr-1715	217	3	)	)	PUNCT
framr-1715	217	4	shows	show	VERB
framr-1715	217	5	the	the	DET
framr-1715	217	6	correlation	correlation	NOUN
framr-1715	217	7	matrix	matrix	NOUN
framr-1715	217	8	of	of	ADP
framr-1715	217	9	selected	select	VERB
framr-1715	217	10	variables	variable	NOUN
framr-1715	217	11	,	,	PUNCT
framr-1715	217	12	the	the	DET
framr-1715	217	13	relationship	relationship	NOUN
framr-1715	217	14	between	between	ADP
framr-1715	217	15	eps	eps	PROPN
framr-1715	217	16	and	and	CCONJ
framr-1715	217	17	dps	dps	PROPN
framr-1715	217	18	(	(	PUNCT
framr-1715	217	19	0.924	0.924	NUM
framr-1715	217	20	)	)	PUNCT
framr-1715	217	21	;	;	PUNCT
framr-1715	218	1	that	that	PRON
framr-1715	218	2	of	of	ADP
framr-1715	218	3	between	between	ADP
framr-1715	218	4	eps	eps	PROPN
framr-1715	218	5	and	and	CCONJ
framr-1715	218	6	rps	rps	PROPN
framr-1715	218	7	(	(	PUNCT
framr-1715	218	8	0.720	0.720	NUM
framr-1715	218	9	)	)	PUNCT
framr-1715	218	10	;	;	PUNCT
framr-1715	218	11	that	that	PRON
framr-1715	218	12	of	of	ADP
framr-1715	218	13	between	between	ADP
framr-1715	218	14	lagper	lagper	NOUN
framr-1715	218	15	and	and	CCONJ
framr-1715	218	16	per	per	X
framr-1715	218	17	(	(	PUNCT
framr-1715	218	18	0.946	0.946	NUM
framr-1715	218	19	)	)	PUNCT
framr-1715	218	20	;	;	PUNCT
framr-1715	218	21	that	that	PRON
framr-1715	218	22	of	of	ADP
framr-1715	218	23	between	between	ADP
framr-1715	218	24	lagmps	lagmp	NOUN
framr-1715	218	25	and	and	CCONJ
framr-1715	218	26	dps	dps	PROPN
framr-1715	218	27	(	(	PUNCT
framr-1715	218	28	0.706	0.706	NUM
framr-1715	218	29	)	)	PUNCT
framr-1715	218	30	;	;	PUNCT
framr-1715	218	31	that	that	PRON
framr-1715	218	32	of	of	ADP
framr-1715	218	33	between	between	ADP
framr-1715	218	34	lagmps	lagmp	NOUN
framr-1715	218	35	and	and	CCONJ
framr-1715	218	36	rps	rps	PROPN
framr-1715	218	37	(	(	PUNCT
framr-1715	218	38	0.876	0.876	NUM
framr-1715	218	39	)	)	PUNCT
framr-1715	218	40	;	;	PUNCT
framr-1715	218	41	financial	financial	ADJ
framr-1715	218	42	risk	risk	NOUN
framr-1715	218	43	and	and	CCONJ
framr-1715	218	44	management	management	NOUN
framr-1715	218	45	reviews	review	NOUN
framr-1715	218	46	,	,	PUNCT
framr-1715	218	47	2015	2015	NUM
framr-1715	218	48	,	,	PUNCT
framr-1715	218	49	1(1):8	1(1):8	PROPN
framr-1715	218	50	-	-	SYM
framr-1715	218	51	26	26	NUM
framr-1715	218	52	21	21	NUM
framr-1715	218	53	©	©	PROPN
framr-1715	218	54	2015	2015	NUM
framr-1715	218	55	conscientia	conscientia	PROPN
framr-1715	218	56	beam	beam	PROPN
framr-1715	218	57	.	.	PUNCT
framr-1715	219	1	all	all	DET
framr-1715	219	2	rights	right	NOUN
framr-1715	219	3	reserved	reserve	VERB
framr-1715	219	4	.	.	PUNCT
framr-1715	220	1	and	and	CCONJ
framr-1715	220	2	that	that	PRON
framr-1715	220	3	of	of	ADP
framr-1715	220	4	between	between	ADP
framr-1715	220	5	lagmps	lagmp	NOUN
framr-1715	220	6	and	and	CCONJ
framr-1715	220	7	eps	eps	PROPN
framr-1715	220	8	(	(	PUNCT
framr-1715	220	9	0.827	0.827	NUM
framr-1715	220	10	)	)	PUNCT
framr-1715	220	11	are	be	AUX
framr-1715	220	12	highly	highly	ADV
framr-1715	220	13	significant	significant	ADJ
framr-1715	220	14	positively	positively	ADV
framr-1715	220	15	at	at	ADP
framr-1715	220	16	1	1	NUM
framr-1715	220	17	%	%	NOUN
framr-1715	220	18	level	level	NOUN
framr-1715	220	19	;	;	PUNCT
framr-1715	220	20	whereas	whereas	SCONJ
framr-1715	220	21	the	the	DET
framr-1715	220	22	relationship	relationship	NOUN
framr-1715	220	23	between	between	ADP
framr-1715	220	24	dps	dps	NOUN
framr-1715	220	25	and	and	CCONJ
framr-1715	220	26	rps	rps	PROPN
framr-1715	220	27	(	(	PUNCT
framr-1715	220	28	0.594	0.594	NUM
framr-1715	220	29	)	)	PUNCT
framr-1715	220	30	is	be	AUX
framr-1715	220	31	significant	significant	ADJ
framr-1715	220	32	positively	positively	ADV
framr-1715	220	33	at	at	ADP
framr-1715	220	34	5	5	NUM
framr-1715	220	35	%	%	NOUN
framr-1715	220	36	level	level	NOUN
framr-1715	220	37	.	.	PUNCT
framr-1715	221	1	table-7(a	table-7(a	VERB
framr-1715	221	2	)	)	PUNCT
framr-1715	221	3	.	.	PUNCT
framr-1715	222	1	results	result	NOUN
framr-1715	222	2	of	of	ADP
framr-1715	222	3	correlation	correlation	NOUN
framr-1715	222	4	analysis	analysis	NOUN
framr-1715	222	5	among	among	ADP
framr-1715	222	6	the	the	DET
framr-1715	222	7	predictor	predictor	NOUN
framr-1715	222	8	variables	variable	NOUN
framr-1715	222	9	of	of	ADP
framr-1715	222	10	fmcg	fmcg	NOUN
framr-1715	222	11	firms	firm	NOUN
framr-1715	222	12	in	in	ADP
framr-1715	222	13	india	india	PROPN
framr-1715	222	14	from	from	ADP
framr-1715	222	15	2003	2003	NUM
framr-1715	222	16	to	to	ADP
framr-1715	222	17	2007	2007	NUM
framr-1715	222	18	(	(	PUNCT
framr-1715	222	19	in	in	ADP
framr-1715	222	20	crore	crore	NUM
framr-1715	222	21	)	)	PUNCT
framr-1715	222	22	variables	variable	NOUN
framr-1715	222	23	dps	dps	PROPN
framr-1715	222	24	rps	rps	PROPN
framr-1715	222	25	per	per	ADP
framr-1715	222	26	eps	eps	PROPN
framr-1715	222	27	lagper	lagper	PROPN
framr-1715	222	28	eps	eps	PROPN
framr-1715	222	29	pearson	pearson	PROPN
framr-1715	222	30	correlation	correlation	PROPN
framr-1715	222	31	0.617	0.617	NUM
framr-1715	222	32	*	*	PUNCT
framr-1715	222	33	*	*	NOUN
framr-1715	222	34	0.837	0.837	NUM
framr-1715	222	35	*	*	PUNCT
framr-1715	222	36	*	*	PUNCT
framr-1715	222	37	*	*	PUNCT
framr-1715	222	38	sig	sig	X
framr-1715	222	39	.	.	PUNCT
framr-1715	223	1	(	(	PUNCT
framr-1715	223	2	2	2	NUM
framr-1715	223	3	-	-	PUNCT
framr-1715	223	4	tailed	tailed	ADJ
framr-1715	223	5	)	)	PUNCT
framr-1715	223	6	0.02	0.02	NUM
framr-1715	223	7	0.000	0.000	NUM
framr-1715	223	8	n	n	DET
framr-1715	223	9	13	13	NUM
framr-1715	223	10	13	13	NUM
framr-1715	223	11	ear	ear	NOUN
framr-1715	223	12	pearson	pearson	NOUN
framr-1715	223	13	correlation	correlation	NOUN
framr-1715	223	14	0.659	0.659	NUM
framr-1715	223	15	*	*	SYM
framr-1715	223	16	*	*	X
framr-1715	223	17	sig	sig	X
framr-1715	223	18	.	.	PUNCT
framr-1715	224	1	(	(	PUNCT
framr-1715	224	2	2	2	NUM
framr-1715	224	3	-	-	PUNCT
framr-1715	224	4	tailed	tailed	ADJ
framr-1715	224	5	)	)	PUNCT
framr-1715	224	6	0.014	0.014	NUM
framr-1715	224	7	n	n	NUM
framr-1715	224	8	13	13	NUM
framr-1715	224	9	lagmps	lagmp	NOUN
framr-1715	224	10	pearson	pearson	NOUN
framr-1715	224	11	correlation	correlation	NOUN
framr-1715	224	12	0.751	0.751	PRON
framr-1715	224	13	*	*	PUNCT
framr-1715	224	14	*	*	PUNCT
framr-1715	224	15	*	*	PUNCT
framr-1715	224	16	0.585	0.585	NUM
framr-1715	224	17	*	*	PUNCT
framr-1715	224	18	*	*	NOUN
framr-1715	224	19	sig	sig	X
framr-1715	224	20	.	.	PUNCT
framr-1715	225	1	(	(	PUNCT
framr-1715	225	2	2	2	NUM
framr-1715	225	3	-	-	PUNCT
framr-1715	225	4	tailed	tailed	ADJ
framr-1715	225	5	)	)	PUNCT
framr-1715	225	6	0.003	0.003	NUM
framr-1715	225	7	0.036	0.036	NUM
framr-1715	225	8	n	n	NUM
framr-1715	225	9	13	13	NUM
framr-1715	225	10	13	13	NUM
framr-1715	225	11	earnings	earning	NOUN
framr-1715	225	12	per	per	ADP
framr-1715	225	13	share	share	NOUN
framr-1715	225	14	(	(	PUNCT
framr-1715	225	15	eps	eps	PROPN
framr-1715	225	16	)	)	PUNCT
framr-1715	225	17	,	,	PUNCT
framr-1715	225	18	earnings	earning	NOUN
framr-1715	225	19	(	(	PUNCT
framr-1715	225	20	ear	ear	NOUN
framr-1715	225	21	)	)	PUNCT
framr-1715	225	22	,	,	PUNCT
framr-1715	225	23	lagged	lag	VERB
framr-1715	225	24	market	market	NOUN
framr-1715	225	25	price	price	NOUN
framr-1715	225	26	per	per	ADP
framr-1715	225	27	share	share	NOUN
framr-1715	225	28	(	(	PUNCT
framr-1715	225	29	lagmps	lagmps	PROPN
framr-1715	225	30	)	)	PUNCT
framr-1715	225	31	,	,	PUNCT
framr-1715	225	32	dividend	dividend	NOUN
framr-1715	225	33	per	per	ADP
framr-1715	225	34	share	share	NOUN
framr-1715	225	35	(	(	PUNCT
framr-1715	225	36	dps	dps	NOUN
framr-1715	225	37	)	)	PUNCT
framr-1715	225	38	,	,	PUNCT
framr-1715	225	39	retained	retain	VERB
framr-1715	225	40	earnings	earning	NOUN
framr-1715	225	41	per	per	ADP
framr-1715	225	42	share	share	NOUN
framr-1715	225	43	(	(	PUNCT
framr-1715	225	44	rps	rps	PROPN
framr-1715	225	45	)	)	PUNCT
framr-1715	225	46	,	,	PUNCT
framr-1715	225	47	price	price	NOUN
framr-1715	225	48	earning	earning	NOUN
framr-1715	225	49	ratio	ratio	NOUN
framr-1715	225	50	(	(	PUNCT
framr-1715	225	51	per	per	ADP
framr-1715	225	52	)	)	PUNCT
framr-1715	225	53	,	,	PUNCT
framr-1715	225	54	lagged	lag	VERB
framr-1715	225	55	price	price	NOUN
framr-1715	225	56	earning	earning	NOUN
framr-1715	225	57	ratio	ratio	NOUN
framr-1715	225	58	(	(	PUNCT
framr-1715	225	59	lagper	lagper	NOUN
framr-1715	225	60	)	)	PUNCT
framr-1715	225	61	.	.	PUNCT
framr-1715	226	1	source	source	NOUN
framr-1715	226	2	:	:	PUNCT
framr-1715	226	3	computed	compute	VERB
framr-1715	226	4	results	result	NOUN
framr-1715	226	5	based	base	VERB
framr-1715	226	6	on	on	ADP
framr-1715	226	7	compiled	compile	VERB
framr-1715	226	8	data	datum	NOUN
framr-1715	226	9	from	from	ADP
framr-1715	226	10	the	the	DET
framr-1715	226	11	annual	annual	ADJ
framr-1715	226	12	financial	financial	ADJ
framr-1715	226	13	reports	report	NOUN
framr-1715	226	14	from	from	ADP
framr-1715	226	15	moneycontrol.com	moneycontrol.com	X
framr-1715	226	16	*	*	PUNCT
framr-1715	226	17	*	*	PUNCT
framr-1715	226	18	*	*	PUNCT
framr-1715	226	19	significant	significant	ADJ
framr-1715	226	20	at	at	ADP
framr-1715	226	21	1	1	NUM
framr-1715	226	22	%	%	NOUN
framr-1715	226	23	level	level	NOUN
framr-1715	226	24	;	;	PUNCT
framr-1715	226	25	*	*	PUNCT
framr-1715	226	26	*	*	PUNCT
framr-1715	226	27	significant	significant	ADJ
framr-1715	226	28	at	at	ADP
framr-1715	226	29	5	5	NUM
framr-1715	226	30	%	%	NOUN
framr-1715	226	31	level	level	NOUN
framr-1715	226	32	.	.	PUNCT
framr-1715	227	1	table-7(b	table-7(b	NOUN
framr-1715	227	2	)	)	PUNCT
framr-1715	227	3	.	.	PUNCT
framr-1715	228	1	results	result	NOUN
framr-1715	228	2	of	of	ADP
framr-1715	228	3	correlation	correlation	NOUN
framr-1715	228	4	analysis	analysis	NOUN
framr-1715	228	5	among	among	ADP
framr-1715	228	6	the	the	DET
framr-1715	228	7	predictor	predictor	NOUN
framr-1715	228	8	variables	variable	NOUN
framr-1715	228	9	of	of	ADP
framr-1715	228	10	fmcg	fmcg	NOUN
framr-1715	228	11	firms	firm	NOUN
framr-1715	228	12	in	in	ADP
framr-1715	228	13	india	india	PROPN
framr-1715	228	14	from	from	ADP
framr-1715	228	15	2009	2009	NUM
framr-1715	228	16	to	to	ADP
framr-1715	228	17	2013	2013	NUM
framr-1715	228	18	(	(	PUNCT
framr-1715	228	19	in	in	ADP
framr-1715	228	20	crore	crore	NUM
framr-1715	228	21	)	)	PUNCT
framr-1715	228	22	variables	variable	NOUN
framr-1715	228	23	dps	dps	PROPN
framr-1715	228	24	rps	rps	PROPN
framr-1715	228	25	per	per	ADP
framr-1715	228	26	eps	eps	PROPN
framr-1715	228	27	eps	eps	PROPN
framr-1715	228	28	pearson	pearson	PROPN
framr-1715	228	29	correlation	correlation	NOUN
framr-1715	228	30	0.924	0.924	NUM
framr-1715	228	31	*	*	PUNCT
framr-1715	228	32	*	*	PUNCT
framr-1715	228	33	*	*	PUNCT
framr-1715	228	34	0.720	0.720	NUM
framr-1715	228	35	*	*	PUNCT
framr-1715	228	36	*	*	PUNCT
framr-1715	228	37	*	*	X
framr-1715	228	38	sig	sig	X
framr-1715	228	39	.	.	PUNCT
framr-1715	229	1	(	(	PUNCT
framr-1715	229	2	2	2	NUM
framr-1715	229	3	-	-	PUNCT
framr-1715	229	4	tailed	tailed	ADJ
framr-1715	229	5	)	)	PUNCT
framr-1715	229	6	0.00	0.00	NUM
framr-1715	229	7	0.00	0.00	NUM
framr-1715	229	8	n	n	NUM
framr-1715	229	9	13	13	NUM
framr-1715	229	10	13	13	NUM
framr-1715	229	11	dps	dps	NOUN
framr-1715	229	12	pearson	pearson	NOUN
framr-1715	229	13	correlation	correlation	NOUN
framr-1715	229	14	0.594	0.594	NUM
framr-1715	229	15	*	*	SYM
framr-1715	229	16	*	*	X
framr-1715	229	17	sig	sig	X
framr-1715	229	18	.	.	PUNCT
framr-1715	230	1	(	(	PUNCT
framr-1715	230	2	2	2	NUM
framr-1715	230	3	-	-	PUNCT
framr-1715	230	4	tailed	tailed	ADJ
framr-1715	230	5	)	)	PUNCT
framr-1715	230	6	0.032	0.032	NUM
framr-1715	230	7	n	n	NUM
framr-1715	230	8	13	13	NUM
framr-1715	230	9	lagper	lagper	NOUN
framr-1715	230	10	pearson	pearson	NOUN
framr-1715	230	11	correlation	correlation	NOUN
framr-1715	230	12	0.946	0.946	NUM
framr-1715	230	13	*	*	PUNCT
framr-1715	230	14	*	*	PUNCT
framr-1715	230	15	*	*	PUNCT
framr-1715	230	16	sig	sig	X
framr-1715	230	17	.	.	PUNCT
framr-1715	231	1	(	(	PUNCT
framr-1715	231	2	2	2	NUM
framr-1715	231	3	-	-	PUNCT
framr-1715	231	4	tailed	tailed	ADJ
framr-1715	231	5	)	)	PUNCT
framr-1715	232	1	0.00	0.00	NUM
framr-1715	232	2	n	n	NUM
framr-1715	232	3	13	13	NUM
framr-1715	232	4	lagmps	lagmp	NOUN
framr-1715	232	5	pearson	pearson	NOUN
framr-1715	232	6	correlation	correlation	PROPN
framr-1715	232	7	0.706	0.706	NUM
framr-1715	232	8	*	*	PUNCT
framr-1715	232	9	*	*	PUNCT
framr-1715	232	10	*	*	PUNCT
framr-1715	232	11	0.876	0.876	NUM
framr-1715	232	12	*	*	PUNCT
framr-1715	232	13	*	*	PUNCT
framr-1715	232	14	*	*	PUNCT
framr-1715	232	15	0.827	0.827	NUM
framr-1715	232	16	*	*	PUNCT
framr-1715	232	17	*	*	PUNCT
framr-1715	232	18	*	*	PUNCT
framr-1715	232	19	sig	sig	X
framr-1715	232	20	.	.	PUNCT
framr-1715	233	1	(	(	PUNCT
framr-1715	233	2	2	2	NUM
framr-1715	233	3	-	-	PUNCT
framr-1715	233	4	tailed	tailed	ADJ
framr-1715	233	5	)	)	PUNCT
framr-1715	233	6	0.007	0.007	NUM
framr-1715	233	7	0.000	0.000	NUM
framr-1715	233	8	0.00	0.00	NUM
framr-1715	233	9	n	n	NUM
framr-1715	233	10	13	13	NUM
framr-1715	233	11	13	13	NUM
framr-1715	233	12	13	13	NUM
framr-1715	233	13	earnings	earning	NOUN
framr-1715	233	14	per	per	ADP
framr-1715	233	15	share	share	NOUN
framr-1715	233	16	(	(	PUNCT
framr-1715	233	17	eps	eps	PROPN
framr-1715	233	18	)	)	PUNCT
framr-1715	233	19	,	,	PUNCT
framr-1715	233	20	dividend	dividend	NOUN
framr-1715	233	21	per	per	ADP
framr-1715	233	22	share	share	NOUN
framr-1715	233	23	(	(	PUNCT
framr-1715	233	24	dps	dps	NOUN
framr-1715	233	25	)	)	PUNCT
framr-1715	233	26	,	,	PUNCT
framr-1715	233	27	lagged	lag	VERB
framr-1715	233	28	price	price	NOUN
framr-1715	233	29	earnings	earning	NOUN
framr-1715	233	30	ratio	ratio	NOUN
framr-1715	233	31	(	(	PUNCT
framr-1715	233	32	lagper	lagper	NOUN
framr-1715	233	33	)	)	PUNCT
framr-1715	233	34	,	,	PUNCT
framr-1715	233	35	lagged	lag	VERB
framr-1715	233	36	market	market	NOUN
framr-1715	233	37	price	price	NOUN
framr-1715	233	38	per	per	ADP
framr-1715	233	39	share	share	NOUN
framr-1715	233	40	(	(	PUNCT
framr-1715	233	41	lagmps	lagmps	PROPN
framr-1715	233	42	)	)	PUNCT
framr-1715	233	43	,	,	PUNCT
framr-1715	233	44	retained	retain	VERB
framr-1715	233	45	earnings	earning	NOUN
framr-1715	233	46	per	per	ADP
framr-1715	233	47	share	share	NOUN
framr-1715	233	48	(	(	PUNCT
framr-1715	233	49	rps	rps	PROPN
framr-1715	233	50	)	)	PUNCT
framr-1715	233	51	,	,	PUNCT
framr-1715	233	52	price	price	NOUN
framr-1715	233	53	earnings	earning	NOUN
framr-1715	233	54	ratio	ratio	NOUN
framr-1715	233	55	(	(	PUNCT
framr-1715	233	56	per	per	ADP
framr-1715	233	57	)	)	PUNCT
framr-1715	233	58	.	.	PUNCT
framr-1715	234	1	source	source	NOUN
framr-1715	234	2	:	:	PUNCT
framr-1715	234	3	computed	compute	VERB
framr-1715	234	4	results	result	NOUN
framr-1715	234	5	based	base	VERB
framr-1715	234	6	on	on	ADP
framr-1715	234	7	compiled	compile	VERB
framr-1715	234	8	data	datum	NOUN
framr-1715	234	9	from	from	ADP
framr-1715	234	10	the	the	DET
framr-1715	234	11	annual	annual	ADJ
framr-1715	234	12	financial	financial	ADJ
framr-1715	234	13	reports	report	NOUN
framr-1715	234	14	from	from	ADP
framr-1715	234	15	moneycontrol.com	moneycontrol.com	X
framr-1715	234	16	*	*	PUNCT
framr-1715	234	17	*	*	PUNCT
framr-1715	234	18	*	*	PUNCT
framr-1715	234	19	significant	significant	ADJ
framr-1715	234	20	at	at	ADP
framr-1715	234	21	1	1	NUM
framr-1715	234	22	%	%	NOUN
framr-1715	234	23	level	level	NOUN
framr-1715	234	24	;	;	PUNCT
framr-1715	234	25	*	*	PUNCT
framr-1715	234	26	*	*	PUNCT
framr-1715	234	27	significant	significant	ADJ
framr-1715	234	28	at	at	ADP
framr-1715	234	29	5	5	NUM
framr-1715	234	30	%	%	NOUN
framr-1715	234	31	level	level	NOUN
framr-1715	234	32	.	.	PUNCT
framr-1715	235	1	financial	financial	ADJ
framr-1715	235	2	risk	risk	NOUN
framr-1715	235	3	and	and	CCONJ
framr-1715	235	4	management	management	NOUN
framr-1715	235	5	reviews	review	NOUN
framr-1715	235	6	,	,	PUNCT
framr-1715	235	7	2015	2015	NUM
framr-1715	235	8	,	,	PUNCT
framr-1715	235	9	1(1):8	1(1):8	PROPN
framr-1715	235	10	-	-	SYM
framr-1715	235	11	26	26	NUM
framr-1715	235	12	22	22	NUM
framr-1715	235	13	©	©	PROPN
framr-1715	235	14	2015	2015	NUM
framr-1715	235	15	conscientia	conscientia	PROPN
framr-1715	235	16	beam	beam	PROPN
framr-1715	235	17	.	.	PUNCT
framr-1715	236	1	all	all	DET
framr-1715	236	2	rights	right	NOUN
framr-1715	236	3	reserved	reserve	VERB
framr-1715	236	4	.	.	PUNCT
framr-1715	237	1	5.1	5.1	NUM
framr-1715	237	2	.	.	PUNCT
framr-1715	237	3	impact	impact	NOUN
framr-1715	237	4	of	of	ADP
framr-1715	237	5	dividend	dividend	NOUN
framr-1715	237	6	policy	policy	NOUN
framr-1715	237	7	on	on	ADP
framr-1715	237	8	shareholders	shareholder	NOUN
framr-1715	237	9	’	'	PUNCT
framr-1715	237	10	wealth	wealth	NOUN
framr-1715	237	11	regression	regression	VERB
framr-1715	237	12	analysis	analysis	NOUN
framr-1715	237	13	table-8	table-8	NOUN
framr-1715	237	14	.	.	PUNCT
framr-1715	238	1	results	result	NOUN
framr-1715	238	2	of	of	ADP
framr-1715	238	3	multiple	multiple	ADJ
framr-1715	238	4	regression	regression	NOUN
framr-1715	238	5	of	of	ADP
framr-1715	238	6	selected	select	VERB
framr-1715	238	7	variables	variable	NOUN
framr-1715	238	8	of	of	ADP
framr-1715	238	9	dividend	dividend	NOUN
framr-1715	238	10	policy	policy	NOUN
framr-1715	238	11	on	on	ADP
framr-1715	238	12	shareholders	shareholder	NOUN
framr-1715	238	13	’	'	PUNCT
framr-1715	238	14	wealth	wealth	NOUN
framr-1715	238	15	of	of	ADP
framr-1715	238	16	fmcg	fmcg	NOUN
framr-1715	238	17	firms	firm	NOUN
framr-1715	238	18	in	in	ADP
framr-1715	238	19	india	india	PROPN
framr-1715	238	20	for	for	ADP
framr-1715	238	21	the	the	DET
framr-1715	238	22	period	period	NOUN
framr-1715	238	23	before	before	ADP
framr-1715	238	24	global	global	ADJ
framr-1715	238	25	financial	financial	ADJ
framr-1715	238	26	melt	melt	NOUN
framr-1715	238	27	down	down	ADP
framr-1715	238	28	(	(	PUNCT
framr-1715	238	29	2003	2003	NUM
framr-1715	238	30	-2007	-2007	NOUN
framr-1715	238	31	)	)	PUNCT
framr-1715	238	32	and	and	CCONJ
framr-1715	238	33	after	after	SCONJ
framr-1715	238	34	global	global	ADJ
framr-1715	238	35	financial	financial	ADJ
framr-1715	238	36	melt	melt	NOUN
framr-1715	238	37	down	down	ADP
framr-1715	238	38	(	(	PUNCT
framr-1715	238	39	2009	2009	NUM
framr-1715	238	40	–	–	PUNCT
framr-1715	238	41	2013	2013	NUM
framr-1715	238	42	)	)	PUNCT
framr-1715	238	43	periods	period	VERB
framr-1715	238	44	variables	variable	NOUN
framr-1715	238	45	unstandardized	unstandardized	ADJ
framr-1715	238	46	coefficients	coefficient	NOUN
framr-1715	238	47	beta	beta	NOUN
framr-1715	238	48	value	value	NOUN
framr-1715	238	49	before	before	ADP
framr-1715	238	50	global	global	ADJ
framr-1715	238	51	financial	financial	ADJ
framr-1715	238	52	melt	melt	NOUN
framr-1715	238	53	down	down	ADP
framr-1715	238	54	after	after	ADP
framr-1715	238	55	global	global	ADJ
framr-1715	238	56	financial	financial	ADJ
framr-1715	238	57	melt	melt	NOUN
framr-1715	238	58	down	down	ADP
framr-1715	238	59	β	β	PROPN
framr-1715	238	60	t	t	PROPN
framr-1715	238	61	-	-	PUNCT
framr-1715	238	62	value	value	NOUN
framr-1715	238	63	pvalue	pvalue	NOUN
framr-1715	238	64	β	β	PROPN
framr-1715	238	65	t	t	PROPN
framr-1715	238	66	-	-	PUNCT
framr-1715	238	67	value	value	NOUN
framr-1715	238	68	pvalue	pvalue	NOUN
framr-1715	238	69	constant	constant	ADJ
framr-1715	238	70	(	(	PUNCT
framr-1715	238	71	eps	eps	PROPN
framr-1715	238	72	)	)	PUNCT
framr-1715	238	73	-10.91	-10.91	PROPN
framr-1715	238	74	-1.39	-1.39	VERB
framr-1715	238	75	0.212	0.212	NUM
framr-1715	238	76	18.41	18.41	NUM
framr-1715	238	77	2.59	2.59	NUM
framr-1715	238	78	*	*	NOUN
framr-1715	238	79	*	*	SYM
framr-1715	238	80	0.04	0.04	NUM
framr-1715	238	81	dps	dps	NOUN
framr-1715	238	82	121.65	121.65	NUM
framr-1715	238	83	2.55	2.55	NUM
framr-1715	238	84	*	*	PUNCT
framr-1715	238	85	*	*	PUNCT
framr-1715	238	86	0.03	0.03	NUM
framr-1715	238	87	76.74	76.74	NUM
framr-1715	238	88	2.25	2.25	NUM
framr-1715	238	89	*	*	PUNCT
framr-1715	238	90	*	*	PUNCT
framr-1715	238	91	0.04	0.04	NUM
framr-1715	238	92	rps	rps	NOUN
framr-1715	238	93	9.68	9.68	NUM
framr-1715	238	94	4.13	4.13	NUM
framr-1715	238	95	*	*	PUNCT
framr-1715	238	96	*	*	PUNCT
framr-1715	238	97	*	*	PUNCT
framr-1715	238	98	0.006	0.006	NUM
framr-1715	238	99	0.42	0.42	NUM
framr-1715	238	100	0.27	0.27	NUM
framr-1715	238	101	0.79	0.79	NUM
framr-1715	238	102	per	per	ADP
framr-1715	238	103	0.024	0.024	NUM
framr-1715	238	104	0.098	0.098	NUM
framr-1715	238	105	0.925	0.925	NUM
framr-1715	238	106	0.79	0.79	NUM
framr-1715	238	107	1.56	1.56	NUM
framr-1715	238	108	0.16	0.16	NUM
framr-1715	238	109	lagper	lagper	NOUN
framr-1715	238	110	0.16	0.16	NUM
framr-1715	238	111	0.447	0.447	NUM
framr-1715	238	112	0.671	0.671	NUM
framr-1715	238	113	1.52	1.52	NUM
framr-1715	238	114	2.05	2.05	NUM
framr-1715	238	115	*	*	PUNCT
framr-1715	238	116	*	*	NOUN
framr-1715	238	117	0.05	0.05	NUM
framr-1715	238	118	ear	ear	NOUN
framr-1715	238	119	0.005	0.005	NUM
framr-1715	238	120	0.955	0.955	NUM
framr-1715	238	121	0.377	0.377	NUM
framr-1715	238	122	0.001	0.001	NUM
framr-1715	238	123	0.39	0.39	NUM
framr-1715	238	124	0.707	0.707	NUM
framr-1715	238	125	lagmps	lagmp	NOUN
framr-1715	238	126	0.006	0.006	NUM
framr-1715	238	127	0.208	0.208	NUM
framr-1715	238	128	0.842	0.842	NUM
framr-1715	238	129	0.27	0.27	NUM
framr-1715	238	130	*	*	PUNCT
framr-1715	238	131	*	*	PUNCT
framr-1715	238	132	2.73	2.73	NUM
framr-1715	238	133	0.03	0.03	NUM
framr-1715	238	134	adjusted	adjust	VERB
framr-1715	238	135	r2	r2	NOUN
framr-1715	238	136	0.889	0.889	NUM
framr-1715	238	137	0.96	0.96	NUM
framr-1715	238	138	r2	r2	NOUN
framr-1715	238	139	0.94	0.94	NUM
framr-1715	238	140	0.98	0.98	NUM
framr-1715	238	141	f	f	PROPN
framr-1715	238	142	statistics	statistic	NOUN
framr-1715	238	143	16.680	16.680	NUM
framr-1715	238	144	*	*	PUNCT
framr-1715	238	145	*	*	PUNCT
framr-1715	238	146	*	*	PUNCT
framr-1715	238	147	(	(	PUNCT
framr-1715	238	148	0.002	0.002	NUM
framr-1715	238	149	)	)	PUNCT
framr-1715	238	150	25.19***(0.001	25.19***(0.001	NOUN
framr-1715	238	151	)	)	PUNCT
framr-1715	238	152	degrees	degree	NOUN
framr-1715	238	153	of	of	ADP
framr-1715	238	154	freedom	freedom	NOUN
framr-1715	238	155	6,58	6,58	NUM
framr-1715	238	156	6,58	6,58	NUM
framr-1715	238	157	number	number	NOUN
framr-1715	238	158	of	of	ADP
framr-1715	238	159	observations	observation	NOUN
framr-1715	238	160	65	65	NUM
framr-1715	238	161	65	65	NUM
framr-1715	238	162	earnings	earning	NOUN
framr-1715	238	163	per	per	ADP
framr-1715	238	164	share	share	NOUN
framr-1715	238	165	(	(	PUNCT
framr-1715	238	166	eps	eps	PROPN
framr-1715	238	167	)	)	PUNCT
framr-1715	238	168	,	,	PUNCT
framr-1715	238	169	dividend	dividend	NOUN
framr-1715	238	170	per	per	ADP
framr-1715	238	171	share	share	NOUN
framr-1715	238	172	(	(	PUNCT
framr-1715	238	173	dps	dps	NOUN
framr-1715	238	174	)	)	PUNCT
framr-1715	238	175	,	,	PUNCT
framr-1715	238	176	retained	retain	VERB
framr-1715	238	177	earnings	earning	NOUN
framr-1715	238	178	per	per	ADP
framr-1715	238	179	share	share	NOUN
framr-1715	238	180	(	(	PUNCT
framr-1715	238	181	rps	rps	PROPN
framr-1715	238	182	)	)	PUNCT
framr-1715	238	183	,	,	PUNCT
framr-1715	238	184	price	price	NOUN
framr-1715	238	185	earning	earning	NOUN
framr-1715	238	186	ratio	ratio	NOUN
framr-1715	238	187	(	(	PUNCT
framr-1715	238	188	per	per	ADP
framr-1715	238	189	)	)	PUNCT
framr-1715	238	190	,	,	PUNCT
framr-1715	238	191	lagged	lag	VERB
framr-1715	238	192	price	price	NOUN
framr-1715	238	193	earning	earning	NOUN
framr-1715	238	194	ratio	ratio	NOUN
framr-1715	238	195	(	(	PUNCT
framr-1715	238	196	lagper	lagper	NOUN
framr-1715	238	197	)	)	PUNCT
framr-1715	238	198	,	,	PUNCT
framr-1715	238	199	earnings	earning	NOUN
framr-1715	238	200	(	(	PUNCT
framr-1715	238	201	ear),lagged	ear),lagge	VERB
framr-1715	238	202	market	market	NOUN
framr-1715	238	203	price	price	NOUN
framr-1715	238	204	per	per	ADP
framr-1715	238	205	share	share	NOUN
framr-1715	238	206	(	(	PUNCT
framr-1715	238	207	lagmps	lagmps	PROPN
framr-1715	238	208	)	)	PUNCT
framr-1715	238	209	.	.	PUNCT
framr-1715	239	1	source	source	NOUN
framr-1715	239	2	:	:	PUNCT
framr-1715	239	3	computed	compute	VERB
framr-1715	239	4	results	result	NOUN
framr-1715	239	5	based	base	VERB
framr-1715	239	6	on	on	ADP
framr-1715	239	7	compiled	compile	VERB
framr-1715	239	8	data	datum	NOUN
framr-1715	239	9	from	from	ADP
framr-1715	239	10	the	the	DET
framr-1715	239	11	annual	annual	ADJ
framr-1715	239	12	financial	financial	ADJ
framr-1715	239	13	reports	report	NOUN
framr-1715	239	14	from	from	ADP
framr-1715	239	15	moneycontrol.com	moneycontrol.com	X
framr-1715	239	16	*	*	PUNCT
framr-1715	239	17	*	*	PUNCT
framr-1715	239	18	*	*	PUNCT
framr-1715	239	19	significant	significant	ADJ
framr-1715	239	20	at	at	ADP
framr-1715	239	21	1	1	NUM
framr-1715	239	22	%	%	NOUN
framr-1715	239	23	level	level	NOUN
framr-1715	239	24	;	;	PUNCT
framr-1715	240	1	*	*	PUNCT
framr-1715	240	2	*	*	PUNCT
framr-1715	240	3	significant	significant	ADJ
framr-1715	240	4	at	at	ADP
framr-1715	240	5	5	5	NUM
framr-1715	240	6	%	%	NOUN
framr-1715	240	7	level	level	NOUN
framr-1715	240	8	.	.	PUNCT
framr-1715	241	1	the	the	DET
framr-1715	241	2	impact	impact	NOUN
framr-1715	241	3	of	of	ADP
framr-1715	241	4	dp	dp	NOUN
framr-1715	241	5	on	on	ADP
framr-1715	241	6	sw	sw	PROPN
framr-1715	241	7	of	of	ADP
framr-1715	241	8	it	it	PRON
framr-1715	241	9	sector	sector	NOUN
framr-1715	241	10	has	have	AUX
framr-1715	241	11	been	be	AUX
framr-1715	241	12	analyzed	analyze	VERB
framr-1715	241	13	using	use	VERB
framr-1715	241	14	multiple	multiple	ADJ
framr-1715	241	15	regression	regression	NOUN
framr-1715	241	16	analysis	analysis	NOUN
framr-1715	241	17	.	.	PUNCT
framr-1715	242	1	the	the	DET
framr-1715	242	2	dividend	dividend	NOUN
framr-1715	242	3	per	per	ADP
framr-1715	242	4	share	share	NOUN
framr-1715	242	5	(	(	PUNCT
framr-1715	242	6	dps	dps	NOUN
framr-1715	242	7	)	)	PUNCT
framr-1715	242	8	has	have	AUX
framr-1715	242	9	been	be	AUX
framr-1715	242	10	used	use	VERB
framr-1715	242	11	as	as	ADP
framr-1715	242	12	proxy	proxy	NOUN
framr-1715	242	13	for	for	ADP
framr-1715	242	14	measuring	measure	VERB
framr-1715	242	15	the	the	DET
framr-1715	242	16	dp	dp	NOUN
framr-1715	242	17	of	of	ADP
framr-1715	242	18	the	the	DET
framr-1715	242	19	firms	firm	NOUN
framr-1715	242	20	and	and	CCONJ
framr-1715	242	21	earnings	earning	NOUN
framr-1715	242	22	per	per	ADP
framr-1715	242	23	share	share	NOUN
framr-1715	242	24	(	(	PUNCT
framr-1715	242	25	eps	eps	PROPN
framr-1715	242	26	)	)	PUNCT
framr-1715	242	27	of	of	ADP
framr-1715	242	28	the	the	DET
framr-1715	242	29	firms	firm	NOUN
framr-1715	242	30	is	be	AUX
framr-1715	242	31	considered	consider	VERB
framr-1715	242	32	as	as	ADP
framr-1715	242	33	proxy	proxy	NOUN
framr-1715	242	34	for	for	ADP
framr-1715	242	35	measuring	measure	VERB
framr-1715	242	36	the	the	DET
framr-1715	242	37	sw	sw	NOUN
framr-1715	242	38	and	and	CCONJ
framr-1715	242	39	is	be	AUX
framr-1715	242	40	used	use	VERB
framr-1715	242	41	as	as	ADP
framr-1715	242	42	response	response	NOUN
framr-1715	242	43	variable	variable	NOUN
framr-1715	242	44	.	.	PUNCT
framr-1715	243	1	apart	apart	ADV
framr-1715	243	2	from	from	ADP
framr-1715	243	3	dps	dps	NOUN
framr-1715	243	4	,	,	PUNCT
framr-1715	243	5	retained	retain	VERB
framr-1715	243	6	earnings	earning	NOUN
framr-1715	243	7	per	per	ADP
framr-1715	243	8	share	share	NOUN
framr-1715	243	9	(	(	PUNCT
framr-1715	243	10	rps	rps	PROPN
framr-1715	243	11	)	)	PUNCT
framr-1715	243	12	,	,	PUNCT
framr-1715	243	13	earnings	earning	NOUN
framr-1715	243	14	(	(	PUNCT
framr-1715	243	15	ear	ear	NOUN
framr-1715	243	16	)	)	PUNCT
framr-1715	243	17	,	,	PUNCT
framr-1715	243	18	price	price	NOUN
framr-1715	243	19	earnings	earning	NOUN
framr-1715	243	20	ratio	ratio	NOUN
framr-1715	243	21	(	(	PUNCT
framr-1715	243	22	per	per	ADP
framr-1715	243	23	)	)	PUNCT
framr-1715	243	24	,	,	PUNCT
framr-1715	243	25	lagged	lag	VERB
framr-1715	243	26	price	price	NOUN
framr-1715	243	27	-	-	PUNCT
framr-1715	243	28	earnings	earning	NOUN
framr-1715	243	29	ratio	ratio	NOUN
framr-1715	243	30	(	(	PUNCT
framr-1715	243	31	lagper	lagper	NOUN
framr-1715	243	32	)	)	PUNCT
framr-1715	243	33	and	and	CCONJ
framr-1715	243	34	lagged	lag	VERB
framr-1715	243	35	market	market	NOUN
framr-1715	243	36	price	price	NOUN
framr-1715	243	37	per	per	ADP
framr-1715	243	38	share	share	NOUN
framr-1715	243	39	(	(	PUNCT
framr-1715	243	40	lagmps	lagmp	NOUN
framr-1715	243	41	)	)	PUNCT
framr-1715	243	42	are	be	AUX
framr-1715	243	43	also	also	ADV
framr-1715	243	44	used	use	VERB
framr-1715	243	45	as	as	ADP
framr-1715	243	46	predictor	predictor	NOUN
framr-1715	243	47	variables	variable	NOUN
framr-1715	243	48	to	to	PART
framr-1715	243	49	study	study	VERB
framr-1715	243	50	whether	whether	SCONJ
framr-1715	243	51	dp	dp	NOUN
framr-1715	243	52	of	of	ADP
framr-1715	243	53	fmcg	fmcg	NOUN
framr-1715	243	54	firms	firm	NOUN
framr-1715	243	55	has	have	AUX
framr-1715	243	56	impacted	impact	VERB
framr-1715	243	57	the	the	DET
framr-1715	243	58	sw	sw	PROPN
framr-1715	243	59	.	.	PUNCT
framr-1715	244	1	the	the	DET
framr-1715	244	2	results	result	NOUN
framr-1715	244	3	of	of	ADP
framr-1715	244	4	the	the	DET
framr-1715	244	5	regression	regression	NOUN
framr-1715	244	6	analysis	analysis	NOUN
framr-1715	244	7	are	be	AUX
framr-1715	244	8	presented	present	VERB
framr-1715	244	9	in	in	ADP
framr-1715	244	10	table	table	NOUN
framr-1715	244	11	8	8	NUM
framr-1715	244	12	.	.	PUNCT
framr-1715	245	1	the	the	DET
framr-1715	245	2	dps	dps	NOUN
framr-1715	245	3	has	have	VERB
framr-1715	245	4	significant	significant	ADJ
framr-1715	245	5	positive	positive	ADJ
framr-1715	245	6	co	co	NOUN
framr-1715	245	7	-	-	ADJ
framr-1715	245	8	efficient	efficient	ADJ
framr-1715	245	9	(	(	PUNCT
framr-1715	245	10	121.65	121.65	NUM
framr-1715	245	11	)	)	PUNCT
framr-1715	245	12	on	on	ADP
framr-1715	245	13	eps	eps	PROPN
framr-1715	245	14	(	(	PUNCT
framr-1715	245	15	sw	sw	PROPN
framr-1715	245	16	)	)	PUNCT
framr-1715	245	17	for	for	ADP
framr-1715	245	18	the	the	DET
framr-1715	245	19	period	period	NOUN
framr-1715	245	20	before	before	ADP
framr-1715	245	21	global	global	ADJ
framr-1715	245	22	financial	financial	ADJ
framr-1715	245	23	melt	melt	NOUN
framr-1715	245	24	down	down	ADP
framr-1715	245	25	in	in	ADP
framr-1715	245	26	india	india	PROPN
framr-1715	245	27	.	.	PUNCT
framr-1715	246	1	hence	hence	ADV
framr-1715	246	2	,	,	PUNCT
framr-1715	246	3	h0	h0	PROPN
framr-1715	246	4	1	1	NUM
framr-1715	246	5	:	:	PUNCT
framr-1715	246	6	“	"	PUNCT
framr-1715	246	7	there	there	PRON
framr-1715	246	8	is	be	VERB
framr-1715	246	9	no	no	DET
framr-1715	246	10	significant	significant	ADJ
framr-1715	246	11	impact	impact	NOUN
framr-1715	246	12	of	of	ADP
framr-1715	246	13	dps	dps	NOUN
framr-1715	246	14	on	on	ADP
framr-1715	246	15	eps	eps	PROPN
framr-1715	246	16	(	(	PUNCT
framr-1715	246	17	sw	sw	PROPN
framr-1715	246	18	)	)	PUNCT
framr-1715	246	19	before	before	SCONJ
framr-1715	246	20	global	global	ADJ
framr-1715	246	21	financial	financial	ADJ
framr-1715	246	22	melt	melt	NOUN
framr-1715	246	23	down	down	ADP
framr-1715	246	24	”	"	PUNCT
framr-1715	246	25	is	be	AUX
framr-1715	246	26	rejected	reject	VERB
framr-1715	246	27	at	at	ADP
framr-1715	246	28	5	5	NUM
framr-1715	246	29	%	%	NOUN
framr-1715	246	30	level	level	NOUN
framr-1715	246	31	.	.	PUNCT
framr-1715	247	1	rps	rps	NOUN
framr-1715	247	2	has	have	VERB
framr-1715	247	3	significant	significant	ADJ
framr-1715	247	4	positive	positive	ADJ
framr-1715	247	5	coefficient	coefficient	NOUN
framr-1715	247	6	(	(	PUNCT
framr-1715	247	7	9.68	9.68	NUM
framr-1715	247	8	)	)	PUNCT
framr-1715	247	9	on	on	ADP
framr-1715	247	10	eps	eps	PROPN
framr-1715	247	11	(	(	PUNCT
framr-1715	247	12	sw	sw	PROPN
framr-1715	247	13	)	)	PUNCT
framr-1715	247	14	before	before	ADP
framr-1715	247	15	global	global	ADJ
framr-1715	247	16	financial	financial	ADJ
framr-1715	247	17	melt	melt	NOUN
framr-1715	247	18	down	down	ADP
framr-1715	247	19	in	in	ADP
framr-1715	247	20	india	india	PROPN
framr-1715	247	21	.	.	PUNCT
framr-1715	248	1	hence	hence	ADV
framr-1715	248	2	,	,	PUNCT
framr-1715	248	3	h0	h0	PROPN
framr-1715	248	4	2	2	NUM
framr-1715	248	5	:	:	PUNCT
framr-1715	248	6	“	"	PUNCT
framr-1715	248	7	there	there	PRON
framr-1715	248	8	is	be	VERB
framr-1715	248	9	no	no	DET
framr-1715	248	10	significant	significant	ADJ
framr-1715	248	11	impact	impact	NOUN
framr-1715	248	12	of	of	ADP
framr-1715	248	13	rps	rps	PROPN
framr-1715	248	14	on	on	ADP
framr-1715	248	15	eps	eps	PROPN
framr-1715	248	16	(	(	PUNCT
framr-1715	248	17	sw	sw	PROPN
framr-1715	248	18	)	)	PUNCT
framr-1715	248	19	before	before	SCONJ
framr-1715	248	20	financial	financial	ADJ
framr-1715	248	21	melt	melt	NOUN
framr-1715	248	22	down	down	ADP
framr-1715	248	23	”	"	PUNCT
framr-1715	248	24	is	be	AUX
framr-1715	248	25	rejected	reject	VERB
framr-1715	248	26	at	at	ADP
framr-1715	248	27	5	5	NUM
framr-1715	248	28	%	%	NOUN
framr-1715	248	29	level	level	NOUN
framr-1715	248	30	.	.	PUNCT
framr-1715	249	1	[	[	X
framr-1715	249	2	the	the	DET
framr-1715	249	3	fstatistics	fstatistic	NOUN
framr-1715	249	4	(	(	PUNCT
framr-1715	249	5	16.680	16.680	NUM
framr-1715	249	6	)	)	PUNCT
framr-1715	249	7	is	be	AUX
framr-1715	249	8	significant	significant	ADJ
framr-1715	249	9	at	at	ADP
framr-1715	249	10	1	1	NUM
framr-1715	249	11	%	%	NOUN
framr-1715	249	12	level	level	NOUN
framr-1715	249	13	with	with	ADP
framr-1715	249	14	r²	r²	NOUN
framr-1715	249	15	(	(	PUNCT
framr-1715	249	16	0.94	0.94	NUM
framr-1715	249	17	)	)	PUNCT
framr-1715	249	18	;	;	PUNCT
framr-1715	249	19	adj	adj	X
framr-1715	249	20	r²	r²	NOUN
framr-1715	249	21	(	(	PUNCT
framr-1715	249	22	0.88	0.88	NUM
framr-1715	249	23	)	)	PUNCT
framr-1715	249	24	]	]	PUNCT
framr-1715	249	25	.	.	PUNCT
framr-1715	250	1	the	the	DET
framr-1715	250	2	regression	regression	NOUN
framr-1715	250	3	results	result	NOUN
framr-1715	250	4	are	be	AUX
framr-1715	250	5	as	as	SCONJ
framr-1715	250	6	follows	follow	VERB
framr-1715	250	7	(	(	PUNCT
framr-1715	250	8	before	before	ADP
framr-1715	250	9	global	global	ADJ
framr-1715	250	10	financial	financial	ADJ
framr-1715	250	11	melt	melt	NOUN
framr-1715	250	12	down	down	ADP
framr-1715	250	13	)	)	PUNCT
framr-1715	250	14	eps	eps	PROPN
framr-1715	250	15	=	=	SYM
framr-1715	250	16	β1	β1	PROPN
framr-1715	250	17	(	(	PUNCT
framr-1715	250	18	dps	dps	NOUN
framr-1715	250	19	)	)	PUNCT
framr-1715	251	1	+	+	CCONJ
framr-1715	251	2	β2	β2	NOUN
framr-1715	251	3	(	(	PUNCT
framr-1715	251	4	rps	rps	PROPN
framr-1715	251	5	)	)	PUNCT
framr-1715	251	6	+	+	CCONJ
framr-1715	251	7	β3	β3	ADJ
framr-1715	251	8	(	(	PUNCT
framr-1715	251	9	per	per	ADP
framr-1715	251	10	)	)	PUNCT
framr-1715	251	11	+	+	CCONJ
framr-1715	251	12	β4	β4	PROPN
framr-1715	251	13	(	(	PUNCT
framr-1715	251	14	lagper	lagper	NOUN
framr-1715	251	15	)	)	PUNCT
framr-1715	251	16	+	+	CCONJ
framr-1715	251	17	β5	β5	NOUN
framr-1715	251	18	(	(	PUNCT
framr-1715	251	19	ear	ear	NOUN
framr-1715	251	20	)	)	PUNCT
framr-1715	252	1	+	+	CCONJ
framr-1715	252	2	β6	β6	PROPN
framr-1715	252	3	(	(	PUNCT
framr-1715	252	4	lagmps	lagmps	PROPN
framr-1715	252	5	)	)	PUNCT
framr-1715	252	6	+	+	SYM
framr-1715	252	7	e	e	X
framr-1715	252	8	(	(	PUNCT
framr-1715	252	9	-1.39)(2.55	-1.39)(2.55	NOUN
framr-1715	252	10	)	)	PUNCT
framr-1715	252	11	*	*	PUNCT
framr-1715	253	1	*	*	PUNCT
framr-1715	253	2	(	(	PUNCT
framr-1715	253	3	4.13	4.13	NUM
framr-1715	253	4	)	)	PUNCT
framr-1715	253	5	*	*	PUNCT
framr-1715	254	1	*	*	PUNCT
framr-1715	254	2	*	*	PUNCT
framr-1715	254	3	(	(	PUNCT
framr-1715	254	4	0.098	0.098	NUM
framr-1715	254	5	)	)	PUNCT
framr-1715	254	6	(	(	PUNCT
framr-1715	254	7	0.447	0.447	NUM
framr-1715	254	8	)	)	PUNCT
framr-1715	254	9	(	(	PUNCT
framr-1715	254	10	0.955	0.955	NUM
framr-1715	254	11	)	)	PUNCT
framr-1715	254	12	(	(	PUNCT
framr-1715	254	13	0.208	0.208	NUM
framr-1715	254	14	)	)	PUNCT
framr-1715	254	15	figures	figure	NOUN
framr-1715	254	16	in	in	ADP
framr-1715	254	17	parentheses	parenthesis	NOUN
framr-1715	254	18	denote	denote	VERB
framr-1715	254	19	tvalue	tvalue	NOUN
framr-1715	254	20	*	*	PUNCT
framr-1715	254	21	*	*	PUNCT
framr-1715	254	22	*	*	PUNCT
framr-1715	254	23	significant	significant	ADJ
framr-1715	254	24	at	at	ADP
framr-1715	254	25	1	1	NUM
framr-1715	254	26	%	%	NOUN
framr-1715	254	27	level	level	NOUN
framr-1715	254	28	;	;	PUNCT
framr-1715	254	29	*	*	PUNCT
framr-1715	254	30	*	*	PUNCT
framr-1715	254	31	significant	significant	ADJ
framr-1715	254	32	at	at	ADP
framr-1715	254	33	5	5	NUM
framr-1715	254	34	%	%	NOUN
framr-1715	254	35	level	level	NOUN
framr-1715	254	36	.	.	PUNCT
framr-1715	255	1	the	the	DET
framr-1715	255	2	regression	regression	NOUN
framr-1715	255	3	equation	equation	NOUN
framr-1715	255	4	infers	infer	NOUN
framr-1715	255	5	that	that	SCONJ
framr-1715	255	6	there	there	PRON
framr-1715	255	7	is	be	VERB
framr-1715	255	8	a	a	DET
framr-1715	255	9	significant	significant	ADJ
framr-1715	255	10	positive	positive	ADJ
framr-1715	255	11	impact	impact	NOUN
framr-1715	255	12	of	of	ADP
framr-1715	255	13	dps	dps	NOUN
framr-1715	255	14	and	and	CCONJ
framr-1715	255	15	rps	rps	PROPN
framr-1715	255	16	on	on	ADP
framr-1715	255	17	eps	eps	PROPN
framr-1715	255	18	(	(	PUNCT
framr-1715	255	19	sw	sw	PROPN
framr-1715	255	20	)	)	PUNCT
framr-1715	255	21	before	before	ADP
framr-1715	255	22	financial	financial	ADJ
framr-1715	255	23	melt	melt	NOUN
framr-1715	255	24	down	down	ADP
framr-1715	255	25	.	.	PUNCT
framr-1715	256	1	financial	financial	ADJ
framr-1715	256	2	risk	risk	NOUN
framr-1715	256	3	and	and	CCONJ
framr-1715	256	4	management	management	NOUN
framr-1715	256	5	reviews	review	NOUN
framr-1715	256	6	,	,	PUNCT
framr-1715	256	7	2015	2015	NUM
framr-1715	256	8	,	,	PUNCT
framr-1715	256	9	1(1):8	1(1):8	PROPN
framr-1715	256	10	-	-	SYM
framr-1715	256	11	26	26	NUM
framr-1715	256	12	23	23	NUM
framr-1715	256	13	©	©	PROPN
framr-1715	256	14	2015	2015	NUM
framr-1715	256	15	conscientia	conscientia	PROPN
framr-1715	256	16	beam	beam	PROPN
framr-1715	256	17	.	.	PUNCT
framr-1715	257	1	all	all	DET
framr-1715	257	2	rights	right	NOUN
framr-1715	257	3	reserved	reserve	VERB
framr-1715	257	4	.	.	PUNCT
framr-1715	258	1	the	the	DET
framr-1715	258	2	dps	dps	NOUN
framr-1715	258	3	has	have	VERB
framr-1715	258	4	significant	significant	ADJ
framr-1715	258	5	positive	positive	ADJ
framr-1715	258	6	co	co	NOUN
framr-1715	258	7	-	-	ADJ
framr-1715	258	8	efficient	efficient	ADJ
framr-1715	258	9	(	(	PUNCT
framr-1715	258	10	76.74	76.74	NUM
framr-1715	258	11	)	)	PUNCT
framr-1715	258	12	on	on	ADP
framr-1715	258	13	eps	eps	PROPN
framr-1715	258	14	(	(	PUNCT
framr-1715	258	15	sw	sw	PROPN
framr-1715	258	16	)	)	PUNCT
framr-1715	258	17	of	of	ADP
framr-1715	258	18	fmcg	fmcg	NOUN
framr-1715	258	19	firms	firm	NOUN
framr-1715	258	20	after	after	ADP
framr-1715	258	21	global	global	ADJ
framr-1715	258	22	financial	financial	ADJ
framr-1715	258	23	melt	melt	NOUN
framr-1715	258	24	down	down	ADP
framr-1715	258	25	in	in	ADP
framr-1715	258	26	india	india	PROPN
framr-1715	258	27	(	(	PUNCT
framr-1715	258	28	vide	vide	NOUN
framr-1715	258	29	table	table	NOUN
framr-1715	258	30	8)	8)	NUM
framr-1715	258	31	.	.	PUNCT
framr-1715	259	1	hence	hence	ADV
framr-1715	259	2	,	,	PUNCT
framr-1715	259	3	h0	h0	PROPN
framr-1715	259	4	3:“there	3:“there	NOUN
framr-1715	259	5	is	be	AUX
framr-1715	259	6	no	no	DET
framr-1715	259	7	significant	significant	ADJ
framr-1715	259	8	impact	impact	NOUN
framr-1715	259	9	of	of	ADP
framr-1715	259	10	dps	dps	NOUN
framr-1715	259	11	on	on	ADP
framr-1715	259	12	eps	eps	PROPN
framr-1715	259	13	(	(	PUNCT
framr-1715	259	14	sw	sw	PROPN
framr-1715	259	15	)	)	PUNCT
framr-1715	259	16	of	of	ADP
framr-1715	259	17	fmcg	fmcg	NOUN
framr-1715	259	18	firms	firm	NOUN
framr-1715	259	19	after	after	SCONJ
framr-1715	259	20	financial	financial	ADJ
framr-1715	259	21	melt	melt	NOUN
framr-1715	259	22	down	down	ADP
framr-1715	259	23	”	"	PUNCT
framr-1715	259	24	is	be	AUX
framr-1715	259	25	rejected	reject	VERB
framr-1715	259	26	at	at	ADP
framr-1715	259	27	5	5	NUM
framr-1715	259	28	%	%	NOUN
framr-1715	259	29	level	level	NOUN
framr-1715	259	30	.	.	PUNCT
framr-1715	260	1	lagper	lagper	NOUN
framr-1715	260	2	has	have	VERB
framr-1715	260	3	significant	significant	ADJ
framr-1715	260	4	positive	positive	ADJ
framr-1715	260	5	co	co	NOUN
framr-1715	260	6	-	-	ADJ
framr-1715	260	7	efficient	efficient	ADJ
framr-1715	260	8	(	(	PUNCT
framr-1715	260	9	1.52	1.52	NUM
framr-1715	260	10	)	)	PUNCT
framr-1715	260	11	on	on	ADP
framr-1715	260	12	eps	eps	PROPN
framr-1715	260	13	(	(	PUNCT
framr-1715	260	14	sw	sw	PROPN
framr-1715	260	15	)	)	PUNCT
framr-1715	260	16	of	of	ADP
framr-1715	260	17	fmcg	fmcg	NOUN
framr-1715	260	18	firms	firm	NOUN
framr-1715	260	19	after	after	ADP
framr-1715	260	20	global	global	ADJ
framr-1715	260	21	financial	financial	ADJ
framr-1715	260	22	melt	melt	NOUN
framr-1715	260	23	down	down	ADP
framr-1715	260	24	in	in	ADP
framr-1715	260	25	india	india	PROPN
framr-1715	260	26	.	.	PUNCT
framr-1715	261	1	hence	hence	ADV
framr-1715	261	2	,	,	PUNCT
framr-1715	261	3	h0	h0	PROPN
framr-1715	261	4	4	4	NUM
framr-1715	261	5	:	:	PUNCT
framr-1715	261	6	“	"	PUNCT
framr-1715	261	7	there	there	PRON
framr-1715	261	8	is	be	VERB
framr-1715	261	9	no	no	DET
framr-1715	261	10	significant	significant	ADJ
framr-1715	261	11	impact	impact	NOUN
framr-1715	261	12	of	of	ADP
framr-1715	261	13	lagper	lagper	NOUN
framr-1715	261	14	on	on	ADP
framr-1715	261	15	eps	eps	PROPN
framr-1715	261	16	(	(	PUNCT
framr-1715	261	17	sw	sw	PROPN
framr-1715	261	18	)	)	PUNCT
framr-1715	261	19	of	of	ADP
framr-1715	261	20	fmcg	fmcg	NOUN
framr-1715	261	21	firms	firm	NOUN
framr-1715	261	22	after	after	SCONJ
framr-1715	261	23	global	global	ADJ
framr-1715	261	24	financial	financial	ADJ
framr-1715	261	25	melt	melt	NOUN
framr-1715	261	26	down	down	ADP
framr-1715	261	27	”	"	PUNCT
framr-1715	261	28	is	be	AUX
framr-1715	261	29	rejected	reject	VERB
framr-1715	261	30	at	at	ADP
framr-1715	261	31	5	5	NUM
framr-1715	261	32	%	%	NOUN
framr-1715	261	33	level	level	NOUN
framr-1715	261	34	.	.	PUNCT
framr-1715	262	1	lagmps	lagmp	NOUN
framr-1715	262	2	has	have	VERB
framr-1715	262	3	significant	significant	ADJ
framr-1715	262	4	positive	positive	ADJ
framr-1715	262	5	co	co	NOUN
framr-1715	262	6	-	-	ADJ
framr-1715	262	7	efficient	efficient	ADJ
framr-1715	262	8	(	(	PUNCT
framr-1715	262	9	0.27	0.27	NUM
framr-1715	262	10	)	)	PUNCT
framr-1715	262	11	on	on	ADP
framr-1715	262	12	eps	eps	PROPN
framr-1715	262	13	(	(	PUNCT
framr-1715	262	14	sw	sw	PROPN
framr-1715	262	15	)	)	PUNCT
framr-1715	262	16	of	of	ADP
framr-1715	262	17	fmcg	fmcg	NOUN
framr-1715	262	18	firms	firm	NOUN
framr-1715	262	19	after	after	ADP
framr-1715	262	20	global	global	ADJ
framr-1715	262	21	financial	financial	ADJ
framr-1715	262	22	melt	melt	NOUN
framr-1715	262	23	down	down	ADP
framr-1715	262	24	in	in	ADP
framr-1715	262	25	india	india	PROPN
framr-1715	262	26	.	.	PUNCT
framr-1715	263	1	hence	hence	ADV
framr-1715	263	2	,	,	PUNCT
framr-1715	263	3	h0	h0	PROPN
framr-1715	263	4	5	5	NUM
framr-1715	263	5	:	:	PUNCT
framr-1715	263	6	“	"	PUNCT
framr-1715	263	7	there	there	PRON
framr-1715	263	8	is	be	VERB
framr-1715	263	9	no	no	DET
framr-1715	263	10	significant	significant	ADJ
framr-1715	263	11	impact	impact	NOUN
framr-1715	263	12	of	of	ADP
framr-1715	263	13	lagmps	lagmp	NOUN
framr-1715	263	14	on	on	ADP
framr-1715	263	15	eps	eps	PROPN
framr-1715	263	16	(	(	PUNCT
framr-1715	263	17	sw	sw	PROPN
framr-1715	263	18	)	)	PUNCT
framr-1715	263	19	of	of	ADP
framr-1715	263	20	fmcg	fmcg	NOUN
framr-1715	263	21	firms	firm	NOUN
framr-1715	263	22	after	after	SCONJ
framr-1715	263	23	global	global	ADJ
framr-1715	263	24	financial	financial	ADJ
framr-1715	263	25	melt	melt	NOUN
framr-1715	263	26	down	down	ADP
framr-1715	263	27	”	"	PUNCT
framr-1715	263	28	is	be	AUX
framr-1715	263	29	rejected	reject	VERB
framr-1715	263	30	at	at	ADP
framr-1715	263	31	5	5	NUM
framr-1715	263	32	%	%	NOUN
framr-1715	263	33	level	level	NOUN
framr-1715	263	34	.	.	PUNCT
framr-1715	264	1	[	[	X
framr-1715	264	2	the	the	DET
framr-1715	264	3	fstatistics	fstatistic	NOUN
framr-1715	264	4	is	be	AUX
framr-1715	264	5	(	(	PUNCT
framr-1715	264	6	25.19	25.19	NUM
framr-1715	264	7	)	)	PUNCT
framr-1715	264	8	at	at	ADP
framr-1715	264	9	1	1	NUM
framr-1715	264	10	%	%	NOUN
framr-1715	264	11	level	level	NOUN
framr-1715	264	12	with	with	ADP
framr-1715	264	13	r²	r²	NOUN
framr-1715	264	14	(	(	PUNCT
framr-1715	264	15	0.98	0.98	NUM
framr-1715	264	16	)	)	PUNCT
framr-1715	264	17	;	;	PUNCT
framr-1715	264	18	adj	adj	X
framr-1715	264	19	r²	r²	NOUN
framr-1715	264	20	(	(	PUNCT
framr-1715	264	21	0.96	0.96	NUM
framr-1715	264	22	)	)	PUNCT
framr-1715	264	23	]	]	PUNCT
framr-1715	264	24	.	.	PUNCT
framr-1715	265	1	the	the	DET
framr-1715	265	2	regression	regression	NOUN
framr-1715	265	3	results	result	NOUN
framr-1715	265	4	are	be	AUX
framr-1715	265	5	as	as	SCONJ
framr-1715	265	6	follows	follow	VERB
framr-1715	265	7	(	(	PUNCT
framr-1715	265	8	after	after	ADP
framr-1715	265	9	global	global	ADJ
framr-1715	265	10	financial	financial	ADJ
framr-1715	265	11	melt	melt	NOUN
framr-1715	265	12	down	down	ADP
framr-1715	265	13	)	)	PUNCT
framr-1715	265	14	eps	eps	PROPN
framr-1715	265	15	=	=	SYM
framr-1715	265	16	β1	β1	PROPN
framr-1715	265	17	(	(	PUNCT
framr-1715	265	18	dps	dps	NOUN
framr-1715	265	19	)	)	PUNCT
framr-1715	266	1	+	+	CCONJ
framr-1715	266	2	β2	β2	NOUN
framr-1715	266	3	(	(	PUNCT
framr-1715	266	4	rps	rps	PROPN
framr-1715	266	5	)	)	PUNCT
framr-1715	266	6	+	+	CCONJ
framr-1715	266	7	β3	β3	ADJ
framr-1715	266	8	(	(	PUNCT
framr-1715	266	9	per	per	ADP
framr-1715	266	10	)	)	PUNCT
framr-1715	266	11	+	+	CCONJ
framr-1715	266	12	β4	β4	PROPN
framr-1715	266	13	(	(	PUNCT
framr-1715	266	14	lagper	lagper	NOUN
framr-1715	266	15	)	)	PUNCT
framr-1715	266	16	+	+	PUNCT
framr-1715	266	17	β5(ear	β5(ear	ADJ
framr-1715	266	18	)	)	PUNCT
framr-1715	266	19	+	+	NUM
framr-1715	266	20	β6(lagmps	β6(lagmp	NOUN
framr-1715	266	21	)	)	PUNCT
framr-1715	267	1	+	+	CCONJ
framr-1715	267	2	e	e	X
framr-1715	267	3	(	(	PUNCT
framr-1715	267	4	2.59)**(2.25	2.59)**(2.25	NUM
framr-1715	267	5	)	)	PUNCT
framr-1715	267	6	*	*	PUNCT
framr-1715	268	1	*	*	PUNCT
framr-1715	268	2	(	(	PUNCT
framr-1715	268	3	0.27	0.27	NUM
framr-1715	268	4	)	)	PUNCT
framr-1715	268	5	(	(	PUNCT
framr-1715	268	6	1.56	1.56	NUM
framr-1715	268	7	)	)	PUNCT
framr-1715	268	8	(	(	PUNCT
framr-1715	268	9	2.05	2.05	NUM
framr-1715	268	10	)	)	PUNCT
framr-1715	268	11	*	*	PUNCT
framr-1715	268	12	*	*	PUNCT
framr-1715	268	13	(	(	PUNCT
framr-1715	268	14	0.39	0.39	NUM
framr-1715	268	15	)	)	PUNCT
framr-1715	268	16	(	(	PUNCT
framr-1715	268	17	2.73	2.73	NUM
framr-1715	268	18	)	)	PUNCT
framr-1715	268	19	figures	figure	NOUN
framr-1715	268	20	in	in	ADP
framr-1715	268	21	parentheses	parenthesis	NOUN
framr-1715	268	22	denote	denote	VERB
framr-1715	268	23	tvalue	tvalue	NOUN
framr-1715	268	24	*	*	PUNCT
framr-1715	268	25	*	*	PUNCT
framr-1715	268	26	significant	significant	ADJ
framr-1715	268	27	at	at	ADP
framr-1715	268	28	5	5	NUM
framr-1715	268	29	%	%	NOUN
framr-1715	268	30	level	level	NOUN
framr-1715	268	31	the	the	DET
framr-1715	268	32	regression	regression	NOUN
framr-1715	268	33	equation	equation	NOUN
framr-1715	268	34	infers	infer	NOUN
framr-1715	268	35	that	that	SCONJ
framr-1715	268	36	there	there	PRON
framr-1715	268	37	is	be	VERB
framr-1715	268	38	a	a	DET
framr-1715	268	39	significant	significant	ADJ
framr-1715	268	40	positive	positive	ADJ
framr-1715	268	41	impact	impact	NOUN
framr-1715	268	42	of	of	ADP
framr-1715	268	43	dps	dps	NOUN
framr-1715	268	44	,	,	PUNCT
framr-1715	268	45	lagper	lagper	NOUN
framr-1715	268	46	and	and	CCONJ
framr-1715	268	47	lagmps	lagmp	VERB
framr-1715	268	48	on	on	ADP
framr-1715	268	49	eps	eps	PROPN
framr-1715	268	50	(	(	PUNCT
framr-1715	268	51	sw	sw	PROPN
framr-1715	268	52	)	)	PUNCT
framr-1715	268	53	after	after	ADP
framr-1715	268	54	global	global	ADJ
framr-1715	268	55	financial	financial	ADJ
framr-1715	268	56	melt	melt	NOUN
framr-1715	268	57	down	down	ADP
framr-1715	268	58	.	.	PUNCT
framr-1715	269	1	5.2	5.2	NUM
framr-1715	269	2	.	.	PUNCT
framr-1715	270	1	testing	testing	NOUN
framr-1715	270	2	of	of	ADP
framr-1715	270	3	structural	structural	ADJ
framr-1715	270	4	shift	shift	NOUN
framr-1715	270	5	–	–	PUNCT
framr-1715	270	6	application	application	NOUN
framr-1715	270	7	of	of	ADP
framr-1715	270	8	chow	chow	PROPN
framr-1715	270	9	test	test	NOUN
framr-1715	270	10	table-9.results	table-9.result	NOUN
framr-1715	270	11	of	of	ADP
framr-1715	270	12	chow	chow	PROPN
framr-1715	270	13	test	test	NOUN
framr-1715	270	14	for	for	ADP
framr-1715	270	15	structural	structural	ADJ
framr-1715	270	16	shift	shift	NOUN
framr-1715	270	17	in	in	ADP
framr-1715	270	18	dividend	dividend	NOUN
framr-1715	270	19	policy	policy	NOUN
framr-1715	270	20	on	on	ADP
framr-1715	270	21	shareholders	shareholder	NOUN
framr-1715	270	22	’	’	PART
framr-1715	270	23	wealth	wealth	NOUN
framr-1715	270	24	between	between	ADP
framr-1715	270	25	before	before	ADP
framr-1715	270	26	global	global	ADJ
framr-1715	270	27	financial	financial	ADJ
framr-1715	270	28	melt	melt	NOUN
framr-1715	270	29	down	down	ADP
framr-1715	270	30	(	(	PUNCT
framr-1715	270	31	2003	2003	NUM
framr-1715	270	32	–	–	PUNCT
framr-1715	270	33	2007	2007	NUM
framr-1715	270	34	)	)	PUNCT
framr-1715	270	35	and	and	CCONJ
framr-1715	270	36	after	after	ADP
framr-1715	270	37	global	global	ADJ
framr-1715	270	38	financial	financial	ADJ
framr-1715	270	39	melt	melt	NOUN
framr-1715	270	40	down	down	ADP
framr-1715	270	41	(	(	PUNCT
framr-1715	270	42	2009	2009	NUM
framr-1715	270	43	–	–	PUNCT
framr-1715	270	44	2013	2013	NUM
framr-1715	270	45	)	)	PUNCT
framr-1715	270	46	of	of	ADP
framr-1715	270	47	fmcg	fmcg	NOUN
framr-1715	270	48	firms	firm	NOUN
framr-1715	270	49	in	in	ADP
framr-1715	270	50	india	india	PROPN
framr-1715	270	51	whole	whole	ADJ
framr-1715	270	52	sample	sample	NOUN
framr-1715	270	53	sum	sum	NOUN
framr-1715	270	54	of	of	ADP
framr-1715	270	55	square	square	ADJ
framr-1715	270	56	residuals	residual	NOUN
framr-1715	270	57	number	number	NOUN
framr-1715	270	58	of	of	ADP
framr-1715	270	59	parameter	parameter	NOUN
framr-1715	270	60	s	s	PART
framr-1715	270	61	estimated	estimate	VERB
framr-1715	270	62	number	number	NOUN
framr-1715	270	63	of	of	ADP
framr-1715	270	64	observati	observati	PROPN
framr-1715	270	65	ons	ons	NOUN
framr-1715	270	66	f	f	NOUN
framr-1715	270	67	-	-	PUNCT
framr-1715	270	68	value	value	NOUN
framr-1715	270	69	df	df	PROPN
framr-1715	270	70	f	f	PROPN
framr-1715	270	71	limit	limit	NOUN
framr-1715	270	72	before	before	ADP
framr-1715	270	73	global	global	ADJ
framr-1715	270	74	financial	financial	ADJ
framr-1715	270	75	melt	melt	NOUN
framr-1715	270	76	down	down	ADP
framr-1715	270	77	after	after	ADP
framr-1715	270	78	global	global	ADJ
framr-1715	270	79	financial	financial	ADJ
framr-1715	270	80	melt	melt	NOUN
framr-1715	270	81	down	down	ADP
framr-1715	270	82	662.976	662.976	NUM
framr-1715	270	83	326.928	326.928	NUM
framr-1715	270	84	232.406	232.406	NUM
framr-1715	270	85	7	7	NUM
framr-1715	270	86	130	130	NUM
framr-1715	270	87	3.07	3.07	NUM
framr-1715	270	88	*	*	PUNCT
framr-1715	270	89	*	*	PUNCT
framr-1715	270	90	*	*	PROPN
framr-1715	270	91	7	7	NUM
framr-1715	270	92	,	,	PUNCT
framr-1715	270	93	116	116	NUM
framr-1715	270	94	f0.01	f0.01	PROPN
framr-1715	270	95	2.79	2.79	NUM
framr-1715	270	96	(	(	PUNCT
framr-1715	270	97	for	for	ADP
framr-1715	270	98	v1	v1	NOUN
framr-1715	270	99	=	=	SYM
framr-1715	270	100	7	7	NUM
framr-1715	270	101	;	;	PUNCT
framr-1715	270	102	v2	v2	PROPN
framr-1715	270	103	=	=	SYM
framr-1715	270	104	116	116	NUM
framr-1715	270	105	)	)	PUNCT
framr-1715	270	106	source	source	NOUN
framr-1715	270	107	:	:	PUNCT
framr-1715	270	108	computed	compute	VERB
framr-1715	270	109	results	result	NOUN
framr-1715	270	110	based	base	VERB
framr-1715	270	111	on	on	ADP
framr-1715	270	112	compiled	compile	VERB
framr-1715	270	113	data	datum	NOUN
framr-1715	270	114	from	from	ADP
framr-1715	270	115	the	the	DET
framr-1715	270	116	annual	annual	ADJ
framr-1715	270	117	financial	financial	ADJ
framr-1715	270	118	reports	report	NOUN
framr-1715	270	119	from	from	ADP
framr-1715	270	120	moneycontrol.com	moneycontrol.com	X
framr-1715	270	121	*	*	PUNCT
framr-1715	270	122	*	*	PUNCT
framr-1715	270	123	*	*	PUNCT
framr-1715	270	124	significant	significant	ADJ
framr-1715	270	125	at	at	ADP
framr-1715	270	126	1	1	NUM
framr-1715	270	127	%	%	NOUN
framr-1715	270	128	level	level	NOUN
framr-1715	270	129	.	.	PUNCT
framr-1715	271	1	f	f	X
framr-1715	271	2	–	–	PUNCT
framr-1715	271	3	limit	limit	VERB
framr-1715	271	4	for	for	ADP
framr-1715	271	5	7,116	7,116	NUM
framr-1715	271	6	degrees	degree	NOUN
framr-1715	271	7	of	of	ADP
framr-1715	271	8	freedom	freedom	NOUN
framr-1715	271	9	at	at	ADP
framr-1715	271	10	1	1	NUM
framr-1715	271	11	%	%	NOUN
framr-1715	271	12	level	level	NOUN
framr-1715	271	13	is	be	AUX
framr-1715	271	14	2.79	2.79	NUM
framr-1715	271	15	.	.	PUNCT
framr-1715	272	1	the	the	DET
framr-1715	272	2	result	result	NOUN
framr-1715	272	3	of	of	ADP
framr-1715	272	4	chow	chow	PROPN
framr-1715	272	5	test	test	NOUN
framr-1715	272	6	(	(	PUNCT
framr-1715	272	7	vide	vide	NOUN
framr-1715	272	8	table	table	NOUN
framr-1715	272	9	9	9	NUM
framr-1715	272	10	)	)	PUNCT
framr-1715	272	11	reveals	reveal	VERB
framr-1715	272	12	that	that	SCONJ
framr-1715	272	13	the	the	DET
framr-1715	272	14	f	f	NOUN
framr-1715	272	15	-	-	PUNCT
framr-1715	272	16	value	value	NOUN
framr-1715	272	17	(	(	PUNCT
framr-1715	272	18	3.07	3.07	NUM
framr-1715	272	19	0.01	0.01	NUM
framr-1715	272	20	)	)	PUNCT
framr-1715	272	21	is	be	AUX
framr-1715	272	22	greater	great	ADJ
framr-1715	272	23	than	than	ADP
framr-1715	272	24	the	the	DET
framr-1715	272	25	f	f	PROPN
framr-1715	272	26	limit	limit	NOUN
framr-1715	272	27	(	(	PUNCT
framr-1715	272	28	2.79	2.79	NUM
framr-1715	272	29	)	)	PUNCT
framr-1715	272	30	at	at	ADP
framr-1715	272	31	1	1	NUM
framr-1715	272	32	%	%	NOUN
framr-1715	272	33	level	level	NOUN
framr-1715	272	34	for	for	ADP
framr-1715	272	35	df	df	PROPN
framr-1715	272	36	.	.	PROPN
framr-1715	272	37	7	7	NUM
framr-1715	272	38	,	,	PUNCT
framr-1715	272	39	and	and	CCONJ
framr-1715	272	40	116	116	NUM
framr-1715	272	41	,	,	PUNCT
framr-1715	272	42	hence	hence	ADV
framr-1715	272	43	,	,	PUNCT
framr-1715	272	44	h0	h0	PROPN
framr-1715	272	45	6	6	NUM
framr-1715	272	46	:	:	PUNCT
framr-1715	272	47	“	"	PUNCT
framr-1715	272	48	there	there	PRON
framr-1715	272	49	is	be	VERB
framr-1715	272	50	no	no	DET
framr-1715	272	51	significant	significant	ADJ
framr-1715	272	52	shift	shift	NOUN
framr-1715	272	53	in	in	ADP
framr-1715	272	54	structure	structure	NOUN
framr-1715	272	55	in	in	ADP
framr-1715	272	56	the	the	DET
framr-1715	272	57	shareholders	shareholder	NOUN
framr-1715	272	58	’	’	PART
framr-1715	272	59	wealth	wealth	NOUN
framr-1715	272	60	of	of	ADP
framr-1715	272	61	fmcg	fmcg	PROPN
framr-1715	272	62	sector	sector	NOUN
framr-1715	272	63	in	in	ADP
framr-1715	272	64	india	india	PROPN
framr-1715	272	65	after	after	SCONJ
framr-1715	272	66	global	global	ADJ
framr-1715	272	67	financial	financial	ADJ
framr-1715	272	68	melt	melt	NOUN
framr-1715	272	69	down	down	ADP
framr-1715	272	70	”	"	PUNCT
framr-1715	272	71	is	be	AUX
framr-1715	272	72	rejected	reject	VERB
framr-1715	272	73	1	1	NUM
framr-1715	272	74	%	%	NOUN
framr-1715	272	75	level	level	NOUN
framr-1715	272	76	,	,	PUNCT
framr-1715	272	77	which	which	PRON
framr-1715	272	78	implies	imply	VERB
framr-1715	272	79	that	that	SCONJ
framr-1715	272	80	the	the	DET
framr-1715	272	81	fmcg	fmcg	NOUN
framr-1715	272	82	firms	firm	NOUN
framr-1715	272	83	have	have	VERB
framr-1715	272	84	a	a	DET
framr-1715	272	85	significant	significant	ADJ
framr-1715	272	86	shift	shift	NOUN
framr-1715	272	87	-in	-in	NOUN
framr-1715	272	88	-	-	PUNCT
framr-1715	272	89	structure	structure	NOUN
framr-1715	272	90	(	(	PUNCT
framr-1715	272	91	improvement	improvement	NOUN
framr-1715	272	92	positively	positively	ADV
framr-1715	272	93	)	)	PUNCT
framr-1715	272	94	in	in	ADP
framr-1715	272	95	respect	respect	NOUN
framr-1715	272	96	of	of	ADP
framr-1715	272	97	dp	dp	NOUN
framr-1715	272	98	on	on	ADP
framr-1715	272	99	sw	sw	PROPN
framr-1715	272	100	after	after	ADP
framr-1715	272	101	global	global	ADJ
framr-1715	272	102	financial	financial	ADJ
framr-1715	272	103	melt	melt	NOUN
framr-1715	272	104	down	down	ADP
framr-1715	272	105	at	at	ADP
framr-1715	272	106	1	1	NUM
framr-1715	272	107	%	%	NOUN
framr-1715	272	108	level	level	NOUN
framr-1715	272	109	.	.	PUNCT
framr-1715	273	1	financial	financial	ADJ
framr-1715	273	2	risk	risk	NOUN
framr-1715	273	3	and	and	CCONJ
framr-1715	273	4	management	management	NOUN
framr-1715	273	5	reviews	review	NOUN
framr-1715	273	6	,	,	PUNCT
framr-1715	273	7	2015	2015	NUM
framr-1715	273	8	,	,	PUNCT
framr-1715	273	9	1(1):8	1(1):8	PROPN
framr-1715	273	10	-	-	SYM
framr-1715	273	11	26	26	NUM
framr-1715	273	12	24	24	NUM
framr-1715	273	13	©	©	PROPN
framr-1715	273	14	2015	2015	NUM
framr-1715	273	15	conscientia	conscientia	PROPN
framr-1715	273	16	beam	beam	PROPN
framr-1715	273	17	.	.	PUNCT
framr-1715	274	1	all	all	DET
framr-1715	274	2	rights	right	NOUN
framr-1715	274	3	reserved	reserve	VERB
framr-1715	274	4	.	.	PUNCT
framr-1715	275	1	6	6	X
framr-1715	275	2	.	.	X
framr-1715	275	3	concluding	conclude	VERB
framr-1715	275	4	remarks	remark	NOUN
framr-1715	275	5	this	this	DET
framr-1715	275	6	paper	paper	NOUN
framr-1715	275	7	is	be	AUX
framr-1715	275	8	an	an	DET
framr-1715	275	9	effort	effort	NOUN
framr-1715	275	10	to	to	PART
framr-1715	275	11	reveal	reveal	VERB
framr-1715	275	12	the	the	DET
framr-1715	275	13	insight	insight	NOUN
framr-1715	275	14	dynamics	dynamic	NOUN
framr-1715	275	15	for	for	ADP
framr-1715	275	16	the	the	DET
framr-1715	275	17	impact	impact	NOUN
framr-1715	275	18	of	of	ADP
framr-1715	275	19	dividend	dividend	NOUN
framr-1715	275	20	policy	policy	NOUN
framr-1715	275	21	on	on	ADP
framr-1715	275	22	shareholders	shareholder	NOUN
framr-1715	275	23	’	'	PUNCT
framr-1715	275	24	wealth	wealth	NOUN
framr-1715	275	25	:	:	PUNCT
framr-1715	275	26	evidence	evidence	NOUN
framr-1715	275	27	from	from	ADP
framr-1715	275	28	fmcg	fmcg	NOUN
framr-1715	275	29	sector	sector	NOUN
framr-1715	275	30	in	in	ADP
framr-1715	275	31	india	india	PROPN
framr-1715	275	32	considering	consider	VERB
framr-1715	275	33	global	global	ADJ
framr-1715	275	34	financial	financial	ADJ
framr-1715	275	35	melt	melt	NOUN
framr-1715	275	36	down	down	ADP
framr-1715	275	37	as	as	ADP
framr-1715	275	38	an	an	DET
framr-1715	275	39	event	event	NOUN
framr-1715	275	40	.	.	PUNCT
framr-1715	276	1	in	in	ADP
framr-1715	276	2	the	the	DET
framr-1715	276	3	light	light	NOUN
framr-1715	276	4	of	of	ADP
framr-1715	276	5	the	the	DET
framr-1715	276	6	previous	previous	ADJ
framr-1715	276	7	literature	literature	NOUN
framr-1715	276	8	,	,	PUNCT
framr-1715	276	9	key	key	ADJ
framr-1715	276	10	explanatory	explanatory	ADJ
framr-1715	276	11	variables	variable	NOUN
framr-1715	276	12	were	be	AUX
framr-1715	276	13	found	find	VERB
framr-1715	276	14	to	to	PART
framr-1715	276	15	disclose	disclose	VERB
framr-1715	276	16	the	the	DET
framr-1715	276	17	relationship	relationship	NOUN
framr-1715	276	18	and	and	CCONJ
framr-1715	276	19	the	the	DET
framr-1715	276	20	impact	impact	NOUN
framr-1715	276	21	of	of	ADP
framr-1715	276	22	dp	dp	NOUN
framr-1715	276	23	on	on	ADP
framr-1715	276	24	sw	sw	PROPN
framr-1715	276	25	.	.	PUNCT
framr-1715	277	1	the	the	DET
framr-1715	277	2	response	response	NOUN
framr-1715	277	3	variable	variable	PROPN
framr-1715	277	4	i.	i.	PROPN
framr-1715	277	5	e.	e.	PROPN
framr-1715	277	6	earnings	earning	NOUN
framr-1715	277	7	per	per	ADP
framr-1715	277	8	share	share	NOUN
framr-1715	277	9	(	(	PUNCT
framr-1715	277	10	eps	eps	PROPN
framr-1715	277	11	)	)	PUNCT
framr-1715	277	12	is	be	AUX
framr-1715	277	13	considered	consider	VERB
framr-1715	277	14	as	as	ADP
framr-1715	277	15	proxy	proxy	NOUN
framr-1715	277	16	for	for	ADP
framr-1715	277	17	measuring	measure	VERB
framr-1715	277	18	the	the	DET
framr-1715	277	19	shareholders	shareholder	NOUN
framr-1715	277	20	’	'	PUNCT
framr-1715	277	21	wealth	wealth	NOUN
framr-1715	277	22	.	.	PUNCT
framr-1715	278	1	dividend	dividend	NOUN
framr-1715	278	2	per	per	ADP
framr-1715	278	3	share	share	NOUN
framr-1715	278	4	(	(	PUNCT
framr-1715	278	5	dps	dps	NOUN
framr-1715	278	6	)	)	PUNCT
framr-1715	278	7	,	,	PUNCT
framr-1715	278	8	retained	retain	VERB
framr-1715	278	9	earnings	earning	NOUN
framr-1715	278	10	per	per	ADP
framr-1715	278	11	share	share	NOUN
framr-1715	278	12	(	(	PUNCT
framr-1715	278	13	rps	rps	PROPN
framr-1715	278	14	)	)	PUNCT
framr-1715	278	15	,	,	PUNCT
framr-1715	278	16	price	price	NOUN
framr-1715	278	17	earnings	earning	NOUN
framr-1715	278	18	ratio	ratio	NOUN
framr-1715	278	19	(	(	PUNCT
framr-1715	278	20	per	per	ADP
framr-1715	278	21	)	)	PUNCT
framr-1715	278	22	,	,	PUNCT
framr-1715	278	23	lagged	lag	VERB
framr-1715	278	24	price	price	NOUN
framr-1715	278	25	earning	earning	NOUN
framr-1715	278	26	(	(	PUNCT
framr-1715	278	27	lagper	lagper	NOUN
framr-1715	278	28	)	)	PUNCT
framr-1715	278	29	,	,	PUNCT
framr-1715	278	30	earnings	earning	NOUN
framr-1715	278	31	(	(	PUNCT
framr-1715	278	32	ear	ear	NOUN
framr-1715	278	33	)	)	PUNCT
framr-1715	278	34	,	,	PUNCT
framr-1715	278	35	and	and	CCONJ
framr-1715	278	36	lagged	lag	VERB
framr-1715	278	37	market	market	NOUN
framr-1715	278	38	value	value	NOUN
framr-1715	278	39	(	(	PUNCT
framr-1715	278	40	lagmps	lagmp	NOUN
framr-1715	278	41	)	)	PUNCT
framr-1715	278	42	are	be	AUX
framr-1715	278	43	considered	consider	VERB
framr-1715	278	44	as	as	ADP
framr-1715	278	45	predictor	predictor	NOUN
framr-1715	278	46	variables	variable	NOUN
framr-1715	278	47	.	.	PUNCT
framr-1715	279	1	out	out	ADP
framr-1715	279	2	of	of	ADP
framr-1715	279	3	16	16	NUM
framr-1715	279	4	listed	list	VERB
framr-1715	279	5	firms	firm	NOUN
framr-1715	279	6	on	on	ADP
framr-1715	279	7	nse,13	nse,13	NOUN
framr-1715	279	8	firms	firm	NOUN
framr-1715	279	9	are	be	AUX
framr-1715	279	10	selected	select	VERB
framr-1715	279	11	using	use	VERB
framr-1715	279	12	multi	multi	ADJ
framr-1715	279	13	stage	stage	NOUN
framr-1715	279	14	non	non	ADJ
framr-1715	279	15	-	-	ADJ
framr-1715	279	16	random	random	ADJ
framr-1715	279	17	sampling	sampling	NOUN
framr-1715	279	18	technique	technique	NOUN
framr-1715	279	19	based	base	VERB
framr-1715	279	20	on	on	ADP
framr-1715	279	21	the	the	DET
framr-1715	279	22	availability	availability	NOUN
framr-1715	279	23	of	of	ADP
framr-1715	279	24	data	datum	NOUN
framr-1715	279	25	.	.	PUNCT
framr-1715	280	1	regression	regression	NOUN
framr-1715	280	2	analysis	analysis	NOUN
framr-1715	280	3	is	be	AUX
framr-1715	280	4	used	use	VERB
framr-1715	280	5	as	as	ADP
framr-1715	280	6	the	the	DET
framr-1715	280	7	most	most	ADV
framr-1715	280	8	appropriate	appropriate	ADJ
framr-1715	280	9	tool	tool	NOUN
framr-1715	280	10	for	for	ADP
framr-1715	280	11	analysis	analysis	NOUN
framr-1715	280	12	of	of	ADP
framr-1715	280	13	data	datum	NOUN
framr-1715	280	14	.	.	PUNCT
framr-1715	281	1	the	the	DET
framr-1715	281	2	shift	shift	NOUN
framr-1715	281	3	-	-	PUNCT
framr-1715	281	4	instructure	instructure	NOUN
framr-1715	281	5	in	in	ADP
framr-1715	281	6	terms	term	NOUN
framr-1715	281	7	of	of	ADP
framr-1715	281	8	dp	dp	NOUN
framr-1715	281	9	on	on	ADP
framr-1715	281	10	sw	sw	NOUN
framr-1715	281	11	considering	consider	VERB
framr-1715	281	12	the	the	DET
framr-1715	281	13	event	event	NOUN
framr-1715	281	14	i.e.	i.e.	X
framr-1715	281	15	global	global	ADJ
framr-1715	281	16	financial	financial	ADJ
framr-1715	281	17	melt	melt	NOUN
framr-1715	281	18	down	down	ADP
framr-1715	281	19	is	be	AUX
framr-1715	281	20	studied	study	VERB
framr-1715	281	21	with	with	ADP
framr-1715	281	22	the	the	DET
framr-1715	281	23	help	help	NOUN
framr-1715	281	24	of	of	ADP
framr-1715	281	25	chow	chow	PROPN
framr-1715	281	26	test	test	NOUN
framr-1715	281	27	.	.	PUNCT
framr-1715	282	1	descriptive	descriptive	ADJ
framr-1715	282	2	statistics	statistic	NOUN
framr-1715	282	3	revealed	reveal	VERB
framr-1715	282	4	that	that	SCONJ
framr-1715	282	5	the	the	DET
framr-1715	282	6	data	datum	NOUN
framr-1715	282	7	are	be	AUX
framr-1715	282	8	normal	normal	ADJ
framr-1715	282	9	whereas	whereas	SCONJ
framr-1715	282	10	when	when	SCONJ
framr-1715	282	11	the	the	DET
framr-1715	282	12	assumptions	assumption	NOUN
framr-1715	282	13	needed	need	VERB
framr-1715	282	14	to	to	PART
framr-1715	282	15	be	be	AUX
framr-1715	282	16	fulfilled	fulfil	VERB
framr-1715	282	17	for	for	ADP
framr-1715	282	18	ordinary	ordinary	ADJ
framr-1715	282	19	least	least	ADJ
framr-1715	282	20	square	square	ADJ
framr-1715	282	21	(	(	PUNCT
framr-1715	282	22	ols	ol	NOUN
framr-1715	282	23	)	)	PUNCT
framr-1715	282	24	are	be	AUX
framr-1715	282	25	tested	test	VERB
framr-1715	282	26	,	,	PUNCT
framr-1715	282	27	the	the	DET
framr-1715	282	28	data	datum	NOUN
framr-1715	282	29	were	be	AUX
framr-1715	282	30	found	find	VERB
framr-1715	282	31	to	to	PART
framr-1715	282	32	be	be	AUX
framr-1715	282	33	homoskedastic	homoskedastic	ADJ
framr-1715	282	34	and	and	CCONJ
framr-1715	282	35	free	free	ADJ
framr-1715	282	36	of	of	ADP
framr-1715	282	37	auto	auto	NOUN
framr-1715	282	38	correlation	correlation	NOUN
framr-1715	282	39	.	.	PUNCT
framr-1715	283	1	correlation	correlation	NOUN
framr-1715	283	2	results	result	NOUN
framr-1715	283	3	revealed	reveal	VERB
framr-1715	283	4	the	the	DET
framr-1715	283	5	relationship	relationship	NOUN
framr-1715	283	6	between	between	ADP
framr-1715	283	7	eps	eps	PROPN
framr-1715	283	8	and	and	CCONJ
framr-1715	283	9	rps	rps	PROPN
framr-1715	283	10	(	(	PUNCT
framr-1715	283	11	0.837	0.837	NUM
framr-1715	283	12	)	)	PUNCT
framr-1715	283	13	;	;	PUNCT
framr-1715	283	14	that	that	PRON
framr-1715	283	15	of	of	ADP
framr-1715	283	16	between	between	ADP
framr-1715	283	17	lagmpsand	lagmpsand	NOUN
framr-1715	283	18	eps(0.751	eps(0.751	PROPN
framr-1715	283	19	)	)	PUNCT
framr-1715	283	20	which	which	PRON
framr-1715	283	21	are	be	AUX
framr-1715	283	22	highly	highly	ADV
framr-1715	283	23	significant	significant	ADJ
framr-1715	283	24	positively	positively	ADV
framr-1715	283	25	at	at	ADP
framr-1715	283	26	1	1	NUM
framr-1715	283	27	%	%	NOUN
framr-1715	283	28	level	level	NOUN
framr-1715	283	29	;	;	PUNCT
framr-1715	283	30	whereas	whereas	SCONJ
framr-1715	283	31	the	the	DET
framr-1715	283	32	relationship	relationship	NOUN
framr-1715	283	33	between	between	ADP
framr-1715	283	34	eps	eps	PROPN
framr-1715	283	35	and	and	CCONJ
framr-1715	283	36	dps	dps	PROPN
framr-1715	283	37	(	(	PUNCT
framr-1715	283	38	0.617	0.617	NUM
framr-1715	283	39	)	)	PUNCT
framr-1715	283	40	;	;	PUNCT
framr-1715	283	41	and	and	CCONJ
framr-1715	283	42	that	that	PRON
framr-1715	283	43	of	of	ADP
framr-1715	283	44	between	between	ADP
framr-1715	283	45	ear	ear	NOUN
framr-1715	283	46	and	and	CCONJ
framr-1715	283	47	per	per	X
framr-1715	283	48	(	(	PUNCT
framr-1715	283	49	0.659	0.659	NUM
framr-1715	283	50	)	)	PUNCT
framr-1715	283	51	;	;	PUNCT
framr-1715	283	52	and	and	CCONJ
framr-1715	283	53	that	that	PRON
framr-1715	283	54	of	of	ADP
framr-1715	283	55	between	between	ADP
framr-1715	283	56	lagmps	lagmp	NOUN
framr-1715	283	57	and	and	CCONJ
framr-1715	283	58	lagper	lagper	NOUN
framr-1715	283	59	(	(	PUNCT
framr-1715	283	60	0.585	0.585	NUM
framr-1715	283	61	)	)	PUNCT
framr-1715	283	62	are	be	AUX
framr-1715	283	63	significant	significant	ADJ
framr-1715	283	64	positively	positively	ADV
framr-1715	283	65	at	at	ADP
framr-1715	283	66	5	5	NUM
framr-1715	283	67	%	%	NOUN
framr-1715	283	68	level	level	NOUN
framr-1715	283	69	before	before	ADP
framr-1715	283	70	global	global	ADJ
framr-1715	283	71	financial	financial	ADJ
framr-1715	283	72	melt	melt	NOUN
framr-1715	283	73	down	down	ADP
framr-1715	283	74	.	.	PUNCT
framr-1715	284	1	the	the	DET
framr-1715	284	2	relationship	relationship	NOUN
framr-1715	284	3	between	between	ADP
framr-1715	284	4	eps	eps	PROPN
framr-1715	284	5	and	and	CCONJ
framr-1715	284	6	dps	dps	PROPN
framr-1715	284	7	(	(	PUNCT
framr-1715	284	8	0.924	0.924	NUM
framr-1715	284	9	)	)	PUNCT
framr-1715	284	10	;	;	PUNCT
framr-1715	284	11	that	that	PRON
framr-1715	284	12	of	of	ADP
framr-1715	284	13	between	between	ADP
framr-1715	284	14	epsand	epsand	NOUN
framr-1715	284	15	rps	rps	PROPN
framr-1715	284	16	(	(	PUNCT
framr-1715	284	17	0.720	0.720	NUM
framr-1715	284	18	)	)	PUNCT
framr-1715	284	19	;	;	PUNCT
framr-1715	284	20	that	that	PRON
framr-1715	284	21	of	of	ADP
framr-1715	284	22	between	between	ADP
framr-1715	284	23	lagper	lagper	NOUN
framr-1715	284	24	and	and	CCONJ
framr-1715	284	25	per	per	X
framr-1715	284	26	(	(	PUNCT
framr-1715	284	27	0.946	0.946	NUM
framr-1715	284	28	)	)	PUNCT
framr-1715	284	29	;	;	PUNCT
framr-1715	284	30	that	that	PRON
framr-1715	284	31	of	of	ADP
framr-1715	284	32	between	between	ADP
framr-1715	284	33	lagmps	lagmp	NOUN
framr-1715	284	34	and	and	CCONJ
framr-1715	284	35	dps(0.706	dps(0.706	PROPN
framr-1715	284	36	)	)	PUNCT
framr-1715	284	37	;	;	PUNCT
framr-1715	284	38	that	that	PRON
framr-1715	284	39	of	of	ADP
framr-1715	284	40	between	between	ADP
framr-1715	284	41	lagmps	lagmp	NOUN
framr-1715	284	42	and	and	CCONJ
framr-1715	284	43	rps	rps	PROPN
framr-1715	284	44	(	(	PUNCT
framr-1715	284	45	0.876	0.876	NUM
framr-1715	284	46	)	)	PUNCT
framr-1715	284	47	;	;	PUNCT
framr-1715	284	48	that	that	PRON
framr-1715	284	49	of	of	ADP
framr-1715	284	50	between	between	ADP
framr-1715	284	51	lagmps	lagmp	NOUN
framr-1715	284	52	and	and	CCONJ
framr-1715	284	53	eps	eps	PROPN
framr-1715	284	54	(	(	PUNCT
framr-1715	284	55	0.827	0.827	NUM
framr-1715	284	56	)	)	PUNCT
framr-1715	284	57	are	be	AUX
framr-1715	284	58	highly	highly	ADV
framr-1715	284	59	significant	significant	ADJ
framr-1715	284	60	positively	positively	ADV
framr-1715	284	61	at	at	ADP
framr-1715	284	62	1	1	NUM
framr-1715	284	63	%	%	NOUN
framr-1715	284	64	level	level	NOUN
framr-1715	284	65	after	after	ADP
framr-1715	284	66	global	global	ADJ
framr-1715	284	67	financial	financial	ADJ
framr-1715	284	68	melt	melt	NOUN
framr-1715	284	69	down	down	ADP
framr-1715	284	70	,	,	PUNCT
framr-1715	284	71	whereas	whereas	SCONJ
framr-1715	284	72	the	the	DET
framr-1715	284	73	relationship	relationship	NOUN
framr-1715	284	74	between	between	ADP
framr-1715	284	75	dps	dps	NOUN
framr-1715	284	76	and	and	CCONJ
framr-1715	284	77	rps	rps	PROPN
framr-1715	284	78	(	(	PUNCT
framr-1715	284	79	0.594	0.594	NUM
framr-1715	284	80	)	)	PUNCT
framr-1715	284	81	is	be	AUX
framr-1715	284	82	significant	significant	ADJ
framr-1715	284	83	positively	positively	ADV
framr-1715	284	84	at	at	ADP
framr-1715	284	85	5	5	NUM
framr-1715	284	86	%	%	NOUN
framr-1715	284	87	level	level	NOUN
framr-1715	284	88	.	.	PUNCT
framr-1715	285	1	regression	regression	NOUN
framr-1715	285	2	result	result	NOUN
framr-1715	285	3	proves	prove	VERB
framr-1715	285	4	that	that	SCONJ
framr-1715	285	5	dps	dps	NOUN
framr-1715	285	6	(	(	PUNCT
framr-1715	285	7	121.65	121.65	NUM
framr-1715	285	8	)	)	PUNCT
framr-1715	285	9	and	and	CCONJ
framr-1715	285	10	rps	rps	PROPN
framr-1715	285	11	(	(	PUNCT
framr-1715	285	12	9.68	9.68	NUM
framr-1715	285	13	)	)	PUNCT
framr-1715	285	14	have	have	VERB
framr-1715	285	15	significant	significant	ADJ
framr-1715	285	16	positive	positive	ADJ
framr-1715	285	17	co	co	NOUN
framr-1715	285	18	-	-	ADJ
framr-1715	285	19	efficient	efficient	ADJ
framr-1715	285	20	on	on	ADP
framr-1715	285	21	eps(sw	eps(sw	NOUN
framr-1715	285	22	)	)	PUNCT
framr-1715	285	23	before	before	ADP
framr-1715	285	24	global	global	ADJ
framr-1715	285	25	financial	financial	ADJ
framr-1715	285	26	melt	melt	NOUN
framr-1715	285	27	down	down	ADP
framr-1715	285	28	of	of	ADP
framr-1715	285	29	fmcg	fmcg	NOUN
framr-1715	285	30	firms	firm	NOUN
framr-1715	285	31	in	in	ADP
framr-1715	285	32	india	india	PROPN
framr-1715	285	33	.	.	PUNCT
framr-1715	286	1	dps	dps	PROPN
framr-1715	286	2	(	(	PUNCT
framr-1715	286	3	76.74	76.74	NUM
framr-1715	286	4	)	)	PUNCT
framr-1715	286	5	,	,	PUNCT
framr-1715	286	6	lagper	lagper	NOUN
framr-1715	286	7	(	(	PUNCT
framr-1715	286	8	1.52	1.52	NUM
framr-1715	286	9	)	)	PUNCT
framr-1715	286	10	and	and	CCONJ
framr-1715	286	11	lagmps	lagmp	NOUN
framr-1715	286	12	(	(	PUNCT
framr-1715	286	13	0.27	0.27	NUM
framr-1715	286	14	)	)	PUNCT
framr-1715	286	15	have	have	VERB
framr-1715	286	16	significant	significant	ADJ
framr-1715	286	17	positive	positive	ADJ
framr-1715	286	18	co	co	NOUN
framr-1715	286	19	-	-	ADJ
framr-1715	286	20	efficient	efficient	ADJ
framr-1715	286	21	(	(	PUNCT
framr-1715	286	22	76.74	76.74	NUM
framr-1715	286	23	)	)	PUNCT
framr-1715	286	24	on	on	ADP
framr-1715	286	25	eps(sw	eps(sw	NOUN
framr-1715	286	26	)	)	PUNCT
framr-1715	286	27	after	after	ADP
framr-1715	286	28	global	global	ADJ
framr-1715	286	29	financial	financial	ADJ
framr-1715	286	30	melt	melt	NOUN
framr-1715	286	31	down	down	ADP
framr-1715	286	32	of	of	ADP
framr-1715	286	33	fmcg	fmcg	NOUN
framr-1715	286	34	firms	firm	NOUN
framr-1715	286	35	in	in	ADP
framr-1715	286	36	india	india	PROPN
framr-1715	286	37	.	.	PUNCT
framr-1715	287	1	hence	hence	ADV
framr-1715	287	2	,	,	PUNCT
framr-1715	287	3	it	it	PRON
framr-1715	287	4	is	be	AUX
framr-1715	287	5	inferred	infer	VERB
framr-1715	287	6	from	from	ADP
framr-1715	287	7	the	the	DET
framr-1715	287	8	results	result	NOUN
framr-1715	287	9	that	that	PRON
framr-1715	287	10	the	the	DET
framr-1715	287	11	shareholders	shareholder	NOUN
framr-1715	287	12	’	’	PART
framr-1715	287	13	wealth	wealth	NOUN
framr-1715	287	14	is	be	AUX
framr-1715	287	15	dependent	dependent	ADJ
framr-1715	287	16	on	on	ADP
framr-1715	287	17	the	the	DET
framr-1715	287	18	dps	dps	NOUN
framr-1715	287	19	,	,	PUNCT
framr-1715	287	20	rps	rps	PROPN
framr-1715	287	21	,	,	PUNCT
framr-1715	287	22	lagper	lagper	NOUN
framr-1715	287	23	,	,	PUNCT
framr-1715	287	24	and	and	CCONJ
framr-1715	287	25	lagmps	lagmp	VERB
framr-1715	287	26	.	.	PUNCT
framr-1715	288	1	on	on	ADP
framr-1715	288	2	the	the	DET
framr-1715	288	3	whole	whole	NOUN
framr-1715	288	4	,	,	PUNCT
framr-1715	288	5	the	the	DET
framr-1715	288	6	results	result	NOUN
framr-1715	288	7	reveal	reveal	VERB
framr-1715	288	8	that	that	SCONJ
framr-1715	288	9	the	the	DET
framr-1715	288	10	selected	select	VERB
framr-1715	288	11	variables	variable	NOUN
framr-1715	288	12	viz	viz	PROPN
framr-1715	288	13	dps	dps	PROPN
framr-1715	288	14	,	,	PUNCT
framr-1715	288	15	rps	rps	PROPN
framr-1715	288	16	,	,	PUNCT
framr-1715	288	17	lagper	lagper	NOUN
framr-1715	288	18	and	and	CCONJ
framr-1715	288	19	lagmps	lagmp	NOUN
framr-1715	288	20	have	have	VERB
framr-1715	288	21	significant	significant	ADJ
framr-1715	288	22	impact	impact	NOUN
framr-1715	288	23	on	on	ADP
framr-1715	288	24	earnings	earning	NOUN
framr-1715	288	25	per	per	ADP
framr-1715	288	26	share	share	NOUN
framr-1715	288	27	(	(	PUNCT
framr-1715	288	28	sw	sw	PROPN
framr-1715	288	29	)	)	PUNCT
framr-1715	288	30	.	.	PUNCT
framr-1715	289	1	the	the	DET
framr-1715	289	2	results	result	NOUN
framr-1715	289	3	of	of	ADP
framr-1715	289	4	the	the	DET
framr-1715	289	5	chow	chow	PROPN
framr-1715	289	6	test	test	NOUN
framr-1715	289	7	implies	imply	VERB
framr-1715	289	8	that	that	SCONJ
framr-1715	289	9	the	the	DET
framr-1715	289	10	fmcg	fmcg	NOUN
framr-1715	289	11	firms	firm	NOUN
framr-1715	289	12	in	in	ADP
framr-1715	289	13	india	india	PROPN
framr-1715	289	14	have	have	VERB
framr-1715	289	15	a	a	DET
framr-1715	289	16	significant	significant	ADJ
framr-1715	289	17	shift	shift	NOUN
framr-1715	289	18	-	-	PUNCT
framr-1715	289	19	instructure	instructure	NOUN
framr-1715	289	20	(	(	PUNCT
framr-1715	289	21	improvement	improvement	NOUN
framr-1715	289	22	positively	positively	ADV
framr-1715	289	23	)	)	PUNCT
framr-1715	289	24	in	in	ADP
framr-1715	289	25	respect	respect	NOUN
framr-1715	289	26	of	of	ADP
framr-1715	289	27	dp	dp	NOUN
framr-1715	289	28	on	on	ADP
framr-1715	289	29	sw	sw	PROPN
framr-1715	289	30	after	after	ADP
framr-1715	289	31	global	global	ADJ
framr-1715	289	32	financial	financial	ADJ
framr-1715	289	33	melt	melt	NOUN
framr-1715	289	34	down	down	ADP
framr-1715	289	35	(	(	PUNCT
framr-1715	289	36	2009	2009	NUM
framr-1715	289	37	–	–	PUNCT
framr-1715	289	38	2013	2013	NUM
framr-1715	289	39	)	)	PUNCT
framr-1715	289	40	.	.	PUNCT
framr-1715	290	1	when	when	SCONJ
framr-1715	290	2	the	the	DET
framr-1715	290	3	firms	firm	NOUN
framr-1715	290	4	pay	pay	VERB
framr-1715	290	5	dividend	dividend	NOUN
framr-1715	290	6	regularly	regularly	ADV
framr-1715	290	7	with	with	ADP
framr-1715	290	8	periodic	periodic	ADJ
framr-1715	290	9	growth	growth	NOUN
framr-1715	290	10	,	,	PUNCT
framr-1715	290	11	the	the	DET
framr-1715	290	12	sw	sw	PROPN
framr-1715	290	13	would	would	AUX
framr-1715	290	14	be	be	AUX
framr-1715	290	15	maximized	maximize	VERB
framr-1715	290	16	.	.	PUNCT
framr-1715	291	1	this	this	PRON
framr-1715	291	2	is	be	AUX
framr-1715	291	3	quite	quite	ADV
framr-1715	291	4	possible	possible	ADJ
framr-1715	291	5	for	for	ADP
framr-1715	291	6	all	all	DET
framr-1715	291	7	dividend	dividend	NOUN
framr-1715	291	8	paying	pay	VERB
framr-1715	291	9	firms	firm	NOUN
framr-1715	291	10	in	in	ADP
framr-1715	291	11	fmcg	fmcg	NOUN
framr-1715	291	12	sector	sector	NOUN
framr-1715	291	13	in	in	ADP
framr-1715	291	14	india	india	PROPN
framr-1715	291	15	.	.	PUNCT
framr-1715	292	1	the	the	DET
framr-1715	292	2	dp	dp	NOUN
framr-1715	292	3	has	have	VERB
framr-1715	292	4	significant	significant	ADJ
framr-1715	292	5	effect	effect	NOUN
framr-1715	292	6	on	on	ADP
framr-1715	292	7	sw	sw	PROPN
framr-1715	292	8	of	of	ADP
framr-1715	292	9	fmcg	fmcg	NOUN
framr-1715	292	10	firms	firm	NOUN
framr-1715	292	11	.	.	PUNCT
framr-1715	293	1	from	from	ADP
framr-1715	293	2	the	the	DET
framr-1715	293	3	analysis	analysis	NOUN
framr-1715	293	4	it	it	PRON
framr-1715	293	5	is	be	AUX
framr-1715	293	6	inferred	infer	VERB
framr-1715	293	7	that	that	SCONJ
framr-1715	293	8	dividend	dividend	NOUN
framr-1715	293	9	per	per	ADP
framr-1715	293	10	share	share	NOUN
framr-1715	293	11	,	,	PUNCT
framr-1715	293	12	financial	financial	ADJ
framr-1715	293	13	risk	risk	NOUN
framr-1715	293	14	and	and	CCONJ
framr-1715	293	15	management	management	NOUN
framr-1715	293	16	reviews	review	NOUN
framr-1715	293	17	,	,	PUNCT
framr-1715	293	18	2015	2015	NUM
framr-1715	293	19	,	,	PUNCT
framr-1715	293	20	1(1):8	1(1):8	PROPN
framr-1715	293	21	-	-	SYM
framr-1715	293	22	26	26	NUM
framr-1715	293	23	25	25	NUM
framr-1715	293	24	©	©	PROPN
framr-1715	293	25	2015	2015	NUM
framr-1715	293	26	conscientia	conscientia	PROPN
framr-1715	293	27	beam	beam	PROPN
framr-1715	293	28	.	.	PUNCT
framr-1715	294	1	all	all	DET
framr-1715	294	2	rights	right	NOUN
framr-1715	294	3	reserved	reserve	VERB
framr-1715	294	4	.	.	PUNCT
framr-1715	294	5	retained	retain	VERB
framr-1715	294	6	earnings	earning	NOUN
framr-1715	294	7	per	per	ADP
framr-1715	294	8	share	share	NOUN
framr-1715	294	9	,	,	PUNCT
framr-1715	294	10	lagged	lag	VERB
framr-1715	294	11	price	price	NOUN
framr-1715	294	12	earning	earning	NOUN
framr-1715	294	13	ratio	ratio	NOUN
framr-1715	294	14	and	and	CCONJ
framr-1715	294	15	lagged	lag	VERB
framr-1715	294	16	market	market	NOUN
framr-1715	294	17	price	price	NOUN
framr-1715	294	18	per	per	ADP
framr-1715	294	19	share	share	NOUN
framr-1715	294	20	act	act	NOUN
framr-1715	294	21	as	as	ADP
framr-1715	294	22	important	important	ADJ
framr-1715	294	23	variables	variable	NOUN
framr-1715	294	24	in	in	ADP
framr-1715	294	25	determining	determine	VERB
framr-1715	294	26	the	the	DET
framr-1715	294	27	sw	sw	PROPN
framr-1715	294	28	.	.	PUNCT
framr-1715	295	1	generally	generally	ADV
framr-1715	295	2	,	,	PUNCT
framr-1715	295	3	higher	high	ADJ
framr-1715	295	4	dp	dp	NOUN
framr-1715	295	5	enables	enable	VERB
framr-1715	295	6	increase	increase	VERB
framr-1715	295	7	in	in	ADP
framr-1715	295	8	the	the	DET
framr-1715	295	9	market	market	NOUN
framr-1715	295	10	value	value	NOUN
framr-1715	295	11	of	of	ADP
framr-1715	295	12	equity	equity	NOUN
framr-1715	295	13	per	per	ADP
framr-1715	295	14	share	share	NOUN
framr-1715	295	15	and	and	CCONJ
framr-1715	295	16	vice	vice	ADV
framr-1715	295	17	versa	versa	ADV
framr-1715	295	18	.	.	PUNCT
framr-1715	296	1	shareholders	shareholder	NOUN
framr-1715	296	2	preferred	prefer	VERB
framr-1715	296	3	current	current	ADJ
framr-1715	296	4	dividend	dividend	NOUN
framr-1715	296	5	to	to	ADP
framr-1715	296	6	future	future	ADJ
framr-1715	296	7	income	income	NOUN
framr-1715	296	8	so	so	ADV
framr-1715	296	9	,	,	PUNCT
framr-1715	296	10	dividend	dividend	NOUN
framr-1715	296	11	is	be	AUX
framr-1715	296	12	considered	consider	VERB
framr-1715	296	13	to	to	PART
framr-1715	296	14	be	be	AUX
framr-1715	296	15	an	an	DET
framr-1715	296	16	important	important	ADJ
framr-1715	296	17	variables	variable	NOUN
framr-1715	296	18	,	,	PUNCT
framr-1715	296	19	which	which	PRON
framr-1715	296	20	determines	determine	VERB
framr-1715	296	21	the	the	DET
framr-1715	296	22	sw	sw	PROPN
framr-1715	296	23	.	.	PUNCT
framr-1715	297	1	since	since	SCONJ
framr-1715	297	2	dividend	dividend	NOUN
framr-1715	297	3	is	be	AUX
framr-1715	297	4	an	an	DET
framr-1715	297	5	unsolved	unsolved	ADJ
framr-1715	297	6	puzzle	puzzle	NOUN
framr-1715	297	7	there	there	PRON
framr-1715	297	8	is	be	VERB
framr-1715	297	9	a	a	DET
framr-1715	297	10	need	need	NOUN
framr-1715	297	11	for	for	ADP
framr-1715	297	12	constant	constant	ADJ
framr-1715	297	13	and	and	CCONJ
framr-1715	297	14	continuous	continuous	ADJ
framr-1715	297	15	efforts	effort	NOUN
framr-1715	297	16	and	and	CCONJ
framr-1715	297	17	attempts	attempt	NOUN
framr-1715	297	18	in	in	ADP
framr-1715	297	19	the	the	DET
framr-1715	297	20	field	field	NOUN
framr-1715	297	21	of	of	ADP
framr-1715	297	22	dp	dp	NOUN
framr-1715	297	23	research	research	NOUN
framr-1715	297	24	.	.	PUNCT
framr-1715	298	1	the	the	DET
framr-1715	298	2	explanatory	explanatory	ADJ
framr-1715	298	3	power	power	NOUN
framr-1715	298	4	of	of	ADP
framr-1715	298	5	the	the	DET
framr-1715	298	6	model	model	NOUN
framr-1715	298	7	used	use	VERB
framr-1715	298	8	was	be	AUX
framr-1715	298	9	found	find	VERB
framr-1715	298	10	low	low	ADJ
framr-1715	298	11	through	through	ADP
framr-1715	298	12	the	the	DET
framr-1715	298	13	econometric	econometric	ADJ
framr-1715	298	14	results	result	NOUN
framr-1715	298	15	implying	implying	ADJ
framr-1715	298	16	room	room	NOUN
framr-1715	298	17	for	for	ADP
framr-1715	298	18	future	future	ADJ
framr-1715	298	19	research	research	NOUN
framr-1715	298	20	works	work	VERB
framr-1715	298	21	on	on	ADP
framr-1715	298	22	the	the	DET
framr-1715	298	23	subject	subject	NOUN
framr-1715	298	24	of	of	ADP
framr-1715	298	25	research	research	NOUN
framr-1715	298	26	.	.	PUNCT
framr-1715	299	1	the	the	DET
framr-1715	299	2	study	study	NOUN
framr-1715	299	3	is	be	AUX
framr-1715	299	4	based	base	VERB
framr-1715	299	5	on	on	ADP
framr-1715	299	6	secondary	secondary	ADJ
framr-1715	299	7	data	datum	NOUN
framr-1715	299	8	collected	collect	VERB
framr-1715	299	9	from	from	ADP
framr-1715	299	10	the	the	DET
framr-1715	299	11	money	money	NOUN
framr-1715	299	12	control	control	PROPN
framr-1715	299	13	data	data	PROPN
framr-1715	299	14	source	source	NOUN
framr-1715	299	15	,	,	PUNCT
framr-1715	299	16	and	and	CCONJ
framr-1715	299	17	websites	website	NOUN
framr-1715	299	18	of	of	ADP
framr-1715	299	19	various	various	ADJ
framr-1715	299	20	fmcg	fmcg	NOUN
framr-1715	299	21	firms	firm	NOUN
framr-1715	299	22	concerned	concern	VERB
framr-1715	299	23	in	in	ADP
framr-1715	299	24	india	india	PROPN
framr-1715	299	25	.	.	PUNCT
framr-1715	300	1	therefore	therefore	ADV
framr-1715	300	2	,	,	PUNCT
framr-1715	300	3	the	the	DET
framr-1715	300	4	quality	quality	NOUN
framr-1715	300	5	of	of	ADP
framr-1715	300	6	the	the	DET
framr-1715	300	7	study	study	NOUN
framr-1715	300	8	depends	depend	VERB
framr-1715	300	9	upon	upon	SCONJ
framr-1715	300	10	the	the	DET
framr-1715	300	11	accuracy	accuracy	NOUN
framr-1715	300	12	,	,	PUNCT
framr-1715	300	13	reliability	reliability	NOUN
framr-1715	300	14	,	,	PUNCT
framr-1715	300	15	and	and	CCONJ
framr-1715	300	16	quality	quality	NOUN
framr-1715	300	17	of	of	ADP
framr-1715	300	18	secondary	secondary	ADJ
framr-1715	300	19	data	datum	NOUN
framr-1715	300	20	source	source	NOUN
framr-1715	300	21	.	.	PUNCT
framr-1715	301	1	in	in	ADP
framr-1715	301	2	the	the	DET
framr-1715	301	3	study	study	NOUN
framr-1715	301	4	,	,	PUNCT
framr-1715	301	5	a	a	DET
framr-1715	301	6	sample	sample	NOUN
framr-1715	301	7	of	of	ADP
framr-1715	301	8	13	13	NUM
framr-1715	301	9	fmcg	fmcg	NOUN
framr-1715	301	10	firms	firm	NOUN
framr-1715	301	11	is	be	AUX
framr-1715	301	12	considered	consider	VERB
framr-1715	301	13	for	for	ADP
framr-1715	301	14	analyzing	analyze	VERB
framr-1715	301	15	the	the	DET
framr-1715	301	16	impact	impact	NOUN
framr-1715	301	17	of	of	ADP
framr-1715	301	18	dividend	dividend	NOUN
framr-1715	301	19	policy	policy	NOUN
framr-1715	301	20	on	on	ADP
framr-1715	301	21	shareholders	shareholder	NOUN
framr-1715	301	22	’	'	PUNCT
framr-1715	301	23	wealth	wealth	NOUN
framr-1715	301	24	.	.	PUNCT
framr-1715	302	1	in	in	ADP
framr-1715	302	2	the	the	DET
framr-1715	302	3	study	study	NOUN
framr-1715	302	4	,	,	PUNCT
framr-1715	302	5	ols	ol	NOUN
framr-1715	302	6	model	model	NOUN
framr-1715	302	7	of	of	ADP
framr-1715	302	8	regression	regression	NOUN
framr-1715	302	9	and	and	CCONJ
framr-1715	302	10	chow	chow	PROPN
framr-1715	302	11	test	test	NOUN
framr-1715	302	12	are	be	AUX
framr-1715	302	13	used	use	VERB
framr-1715	302	14	for	for	ADP
framr-1715	302	15	analysis	analysis	NOUN
framr-1715	302	16	,	,	PUNCT
framr-1715	302	17	therefore	therefore	ADV
framr-1715	302	18	inclusion	inclusion	NOUN
framr-1715	302	19	of	of	ADP
framr-1715	302	20	some	some	DET
framr-1715	302	21	more	more	ADV
framr-1715	302	22	appropriate	appropriate	ADJ
framr-1715	302	23	methods	method	NOUN
framr-1715	302	24	of	of	ADP
framr-1715	302	25	analysis	analysis	NOUN
framr-1715	302	26	,	,	PUNCT
framr-1715	302	27	if	if	SCONJ
framr-1715	302	28	used	use	VERB
framr-1715	302	29	for	for	ADP
framr-1715	302	30	analysis	analysis	NOUN
framr-1715	302	31	,	,	PUNCT
framr-1715	302	32	will	will	AUX
framr-1715	302	33	enable	enable	VERB
framr-1715	302	34	a	a	DET
framr-1715	302	35	further	further	ADJ
framr-1715	302	36	step	step	NOUN
framr-1715	302	37	in	in	ADP
framr-1715	302	38	exploring	explore	VERB
framr-1715	302	39	new	new	ADJ
framr-1715	302	40	and	and	CCONJ
framr-1715	302	41	further	further	ADJ
framr-1715	302	42	inference	inference	NOUN
framr-1715	302	43	in	in	ADP
framr-1715	302	44	the	the	DET
framr-1715	302	45	area	area	NOUN
framr-1715	302	46	of	of	ADP
framr-1715	302	47	research	research	NOUN
framr-1715	302	48	.	.	PUNCT
framr-1715	303	1	references	reference	NOUN
framr-1715	303	2	allaro	allaro	VERB
framr-1715	303	3	,	,	PUNCT
framr-1715	303	4	b.h	b.h	PROPN
framr-1715	303	5	.	.	PROPN
framr-1715	303	6	,	,	PUNCT
framr-1715	303	7	b.	b.	PROPN
framr-1715	303	8	kassa	kassa	PROPN
framr-1715	303	9	and	and	CCONJ
framr-1715	303	10	b.	b.	PROPN
framr-1715	303	11	hundie	hundie	PROPN
framr-1715	303	12	,	,	PUNCT
framr-1715	303	13	2011	2011	NUM
framr-1715	303	14	.	.	PUNCT
framr-1715	304	1	a	a	DET
framr-1715	304	2	time	time	NOUN
framr-1715	304	3	series	series	NOUN
framr-1715	304	4	analysis	analysis	NOUN
framr-1715	304	5	of	of	ADP
framr-1715	304	6	structural	structural	ADJ
framr-1715	304	7	break	break	NOUN
framr-1715	304	8	time	time	NOUN
framr-1715	304	9	in	in	ADP
framr-1715	304	10	the	the	DET
framr-1715	304	11	macro	macro	ADJ
framr-1715	304	12	economic	economic	ADJ
framr-1715	304	13	variables	variable	NOUN
framr-1715	304	14	in	in	ADP
framr-1715	304	15	ethiopia	ethiopia	PROPN
framr-1715	304	16	.	.	PUNCT
framr-1715	305	1	african	african	ADJ
framr-1715	305	2	journal	journal	PROPN
framr-1715	305	3	of	of	ADP
framr-1715	305	4	agricultural	agricultural	ADJ
framr-1715	305	5	research	research	NOUN
framr-1715	305	6	,	,	PUNCT
framr-1715	305	7	6(2	6(2	NUM
framr-1715	305	8	):	):	PUNCT
framr-1715	305	9	392	392	NUM
framr-1715	305	10	400	400	NUM
framr-1715	305	11	.	.	PUNCT
framr-1715	306	1	atiyet	atiyet	PROPN
framr-1715	306	2	,	,	PUNCT
framr-1715	306	3	b.	b.	PROPN
framr-1715	306	4	,	,	PUNCT
framr-1715	306	5	2012	2012	NUM
framr-1715	306	6	.	.	PUNCT
framr-1715	307	1	the	the	DET
framr-1715	307	2	impact	impact	NOUN
framr-1715	307	3	of	of	ADP
framr-1715	307	4	financing	financing	NOUN
framr-1715	307	5	decision	decision	NOUN
framr-1715	307	6	on	on	ADP
framr-1715	307	7	the	the	DET
framr-1715	307	8	shareholders	shareholder	NOUN
framr-1715	307	9	’	'	PUNCT
framr-1715	307	10	value	value	NOUN
framr-1715	307	11	creation	creation	NOUN
framr-1715	307	12	.	.	PUNCT
framr-1715	308	1	journal	journal	NOUN
framr-1715	308	2	of	of	ADP
framr-1715	308	3	business	business	NOUN
framr-1715	308	4	studies	study	NOUN
framr-1715	308	5	,	,	PUNCT
framr-1715	308	6	4(1	4(1	NOUN
framr-1715	308	7	):	):	PUNCT
framr-1715	308	8	44	44	NUM
framr-1715	308	9	-	-	SYM
framr-1715	308	10	63	63	NUM
framr-1715	308	11	.	.	PUNCT
framr-1715	309	1	azhagaiah	azhagaiah	PROPN
framr-1715	309	2	,	,	PUNCT
framr-1715	309	3	r.	r.	PROPN
framr-1715	309	4	and	and	CCONJ
framr-1715	309	5	n.	n.	PROPN
framr-1715	309	6	sabaripriya	sabaripriya	PROPN
framr-1715	309	7	,	,	PUNCT
framr-1715	309	8	2008	2008	NUM
framr-1715	309	9	.	.	PUNCT
framr-1715	310	1	the	the	DET
framr-1715	310	2	impact	impact	NOUN
framr-1715	310	3	of	of	ADP
framr-1715	310	4	dividend	dividend	NOUN
framr-1715	310	5	policy	policy	NOUN
framr-1715	310	6	on	on	ADP
framr-1715	310	7	shareholders	shareholder	NOUN
framr-1715	310	8	’	'	PUNCT
framr-1715	310	9	wealth	wealth	NOUN
framr-1715	310	10	.	.	PUNCT
framr-1715	311	1	international	international	ADJ
framr-1715	311	2	research	research	PROPN
framr-1715	311	3	journal	journal	NOUN
framr-1715	311	4	of	of	ADP
framr-1715	311	5	finance	finance	NOUN
framr-1715	311	6	and	and	CCONJ
framr-1715	311	7	economics	economic	NOUN
framr-1715	311	8	,	,	PUNCT
framr-1715	311	9	20	20	NUM
framr-1715	311	10	:	:	SYM
framr-1715	311	11	180	180	NUM
framr-1715	311	12	-	-	SYM
framr-1715	311	13	187	187	NUM
framr-1715	311	14	.	.	PUNCT
framr-1715	312	1	azhagaiah	azhagaiah	PROPN
framr-1715	312	2	,	,	PUNCT
framr-1715	312	3	r.	r.	PROPN
framr-1715	312	4	and	and	CCONJ
framr-1715	312	5	p.	p.	PROPN
framr-1715	312	6	veeramuthu	veeramuthu	PROPN
framr-1715	312	7	,	,	PUNCT
framr-1715	312	8	2010	2010	NUM
framr-1715	312	9	.	.	PUNCT
framr-1715	313	1	the	the	DET
framr-1715	313	2	impact	impact	NOUN
framr-1715	313	3	of	of	ADP
framr-1715	313	4	firm	firm	ADJ
framr-1715	313	5	size	size	NOUN
framr-1715	313	6	on	on	ADP
framr-1715	313	7	dividend	dividend	NOUN
framr-1715	313	8	behavior	behavior	NOUN
framr-1715	313	9	:	:	PUNCT
framr-1715	313	10	a	a	DET
framr-1715	313	11	study	study	NOUN
framr-1715	313	12	with	with	ADP
framr-1715	313	13	reference	reference	NOUN
framr-1715	313	14	to	to	ADP
framr-1715	313	15	corporate	corporate	ADJ
framr-1715	313	16	firms	firm	NOUN
framr-1715	313	17	across	across	ADP
framr-1715	313	18	industries	industry	NOUN
framr-1715	313	19	in	in	ADP
framr-1715	313	20	india	india	PROPN
framr-1715	313	21	.	.	PUNCT
framr-1715	314	1	managing	manage	VERB
framr-1715	314	2	global	global	ADJ
framr-1715	314	3	transitions	transition	NOUN
framr-1715	314	4	:	:	PUNCT
framr-1715	314	5	international	international	ADJ
framr-1715	314	6	research	research	NOUN
framr-1715	314	7	journal	journal	NOUN
framr-1715	314	8	,	,	PUNCT
framr-1715	314	9	8(1	8(1	NOUN
framr-1715	314	10	):	):	PUNCT
framr-1715	314	11	49	49	NUM
framr-1715	314	12	-	-	SYM
framr-1715	314	13	78	78	NUM
framr-1715	314	14	.	.	PUNCT
framr-1715	315	1	bawa	bawa	PROPN
framr-1715	315	2	,	,	PUNCT
framr-1715	315	3	s.k	s.k	PROPN
framr-1715	315	4	.	.	PROPN
framr-1715	315	5	and	and	CCONJ
framr-1715	315	6	p.	p.	PROPN
framr-1715	315	7	kaur	kaur	PROPN
framr-1715	315	8	,	,	PUNCT
framr-1715	315	9	2013	2013	NUM
framr-1715	315	10	.	.	PUNCT
framr-1715	316	1	impact	impact	NOUN
framr-1715	316	2	of	of	ADP
framr-1715	316	3	dividend	dividend	NOUN
framr-1715	316	4	policy	policy	NOUN
framr-1715	316	5	on	on	ADP
framr-1715	316	6	shareholders	shareholder	NOUN
framr-1715	316	7	’	'	PUNCT
framr-1715	316	8	wealth	wealth	NOUN
framr-1715	316	9	:	:	PUNCT
framr-1715	316	10	an	an	DET
framr-1715	316	11	empirical	empirical	ADJ
framr-1715	316	12	analysis	analysis	NOUN
framr-1715	316	13	of	of	ADP
framr-1715	316	14	indian	indian	ADJ
framr-1715	316	15	information	information	NOUN
framr-1715	316	16	technology	technology	NOUN
framr-1715	316	17	sector	sector	NOUN
framr-1715	316	18	.	.	PUNCT
framr-1715	317	1	asia	asia	PROPN
framr-1715	317	2	pacific	pacific	PROPN
framr-1715	317	3	finance	finance	PROPN
framr-1715	317	4	and	and	CCONJ
framr-1715	317	5	accounting	accounting	NOUN
framr-1715	317	6	review	review	PROPN
framr-1715	317	7	,	,	PUNCT
framr-1715	317	8	1(3	1(3	NUM
framr-1715	317	9	):	):	PUNCT
framr-1715	317	10	17	17	NUM
framr-1715	317	11	–	–	SYM
framr-1715	317	12	24	24	NUM
framr-1715	317	13	.	.	PUNCT
framr-1715	318	1	chidinma	chidinma	PROPN
framr-1715	318	2	,	,	PUNCT
framr-1715	318	3	o.	o.	PROPN
framr-1715	318	4	,	,	PUNCT
framr-1715	318	5	s.c	s.c	PROPN
framr-1715	318	6	.	.	PROPN
framr-1715	318	7	okaro	okaro	PROPN
framr-1715	318	8	and	and	CCONJ
framr-1715	318	9	v.c	v.c	PROPN
framr-1715	318	10	.	.	PROPN
framr-1715	318	11	pius	pius	PROPN
framr-1715	318	12	,	,	PUNCT
framr-1715	318	13	2013	2013	NUM
framr-1715	318	14	.	.	PUNCT
framr-1715	319	1	shareholders	shareholder	NOUN
framr-1715	319	2	value	value	NOUN
framr-1715	319	3	and	and	CCONJ
framr-1715	319	4	firms	firm	NOUN
framr-1715	319	5	dividend	dividend	VERB
framr-1715	319	6	policy	policy	NOUN
framr-1715	319	7	:	:	PUNCT
framr-1715	319	8	evidence	evidence	NOUN
framr-1715	319	9	from	from	ADP
framr-1715	319	10	public	public	ADJ
framr-1715	319	11	firms	firm	NOUN
framr-1715	319	12	in	in	ADP
framr-1715	319	13	nigeria	nigeria	PROPN
framr-1715	319	14	.	.	PUNCT
framr-1715	320	1	research	research	NOUN
framr-1715	320	2	journal	journal	PROPN
framr-1715	320	3	of	of	ADP
framr-1715	320	4	management	management	NOUN
framr-1715	320	5	science	science	NOUN
framr-1715	320	6	,	,	PUNCT
framr-1715	320	7	2(12	2(12	NUM
framr-1715	320	8	):	):	PUNCT
framr-1715	320	9	26	26	NUM
framr-1715	320	10	-	-	SYM
framr-1715	320	11	28	28	NUM
framr-1715	320	12	.	.	PUNCT
framr-1715	321	1	chow	chow	PROPN
framr-1715	321	2	,	,	PUNCT
framr-1715	321	3	g.c	g.c	PROPN
framr-1715	321	4	.	.	PROPN
framr-1715	321	5	,	,	PUNCT
framr-1715	321	6	1960	1960	NUM
framr-1715	321	7	.	.	PUNCT
framr-1715	322	1	tests	test	NOUN
framr-1715	322	2	of	of	ADP
framr-1715	322	3	equality	equality	NOUN
framr-1715	322	4	between	between	ADP
framr-1715	322	5	sets	set	NOUN
framr-1715	322	6	of	of	ADP
framr-1715	322	7	coefficients	coefficient	NOUN
framr-1715	322	8	in	in	ADP
framr-1715	322	9	two	two	NUM
framr-1715	322	10	linear	linear	ADJ
framr-1715	322	11	regressions	regression	NOUN
framr-1715	322	12	.	.	PUNCT
framr-1715	323	1	econometrica	econometrica	PROPN
framr-1715	323	2	,	,	PUNCT
framr-1715	323	3	28	28	NUM
framr-1715	323	4	:	:	PUNCT
framr-1715	323	5	591	591	NUM
framr-1715	323	6	-	-	SYM
framr-1715	323	7	605	605	NUM
framr-1715	323	8	.	.	PUNCT
framr-1715	324	1	devaki	devaki	PROPN
framr-1715	324	2	,	,	PUNCT
framr-1715	324	3	s.	s.	PROPN
framr-1715	324	4	and	and	CCONJ
framr-1715	324	5	d.	d.	PROPN
framr-1715	324	6	kamalaveni	kamalaveni	PROPN
framr-1715	324	7	,	,	PUNCT
framr-1715	324	8	2012	2012	NUM
framr-1715	324	9	.	.	PUNCT
framr-1715	325	1	shareholding	shareholding	NOUN
framr-1715	325	2	patterns	pattern	NOUN
framr-1715	325	3	and	and	CCONJ
framr-1715	325	4	dividend	dividend	NOUN
framr-1715	325	5	payout	payout	NOUN
framr-1715	325	6	:	:	PUNCT
framr-1715	325	7	an	an	DET
framr-1715	325	8	empirical	empirical	ADJ
framr-1715	325	9	analysis	analysis	NOUN
framr-1715	325	10	in	in	ADP
framr-1715	325	11	indian	indian	ADJ
framr-1715	325	12	corporate	corporate	ADJ
framr-1715	325	13	hotels	hotel	NOUN
framr-1715	325	14	.	.	PUNCT
framr-1715	326	1	international	international	ADJ
framr-1715	326	2	journal	journal	NOUN
framr-1715	326	3	of	of	ADP
framr-1715	326	4	multidisciplinary	multidisciplinary	ADJ
framr-1715	326	5	research	research	NOUN
framr-1715	326	6	,	,	PUNCT
framr-1715	326	7	2(1	2(1	NUM
framr-1715	326	8	):	):	PUNCT
framr-1715	326	9	49	49	NUM
framr-1715	326	10	-	-	SYM
framr-1715	326	11	63	63	NUM
framr-1715	326	12	.	.	PUNCT
framr-1715	327	1	gul	gul	PROPN
framr-1715	327	2	,	,	PUNCT
framr-1715	327	3	s.	s.	PROPN
framr-1715	327	4	,	,	PUNCT
framr-1715	327	5	m.	m.	PROPN
framr-1715	327	6	sajid	sajid	PROPN
framr-1715	327	7	,	,	PUNCT
framr-1715	327	8	n.	n.	PROPN
framr-1715	327	9	razzaq	razzaq	PROPN
framr-1715	327	10	,	,	PUNCT
framr-1715	327	11	m.	m.	NOUN
framr-1715	327	12	iqbal	iqbal	PROPN
framr-1715	327	13	and	and	CCONJ
framr-1715	327	14	m.	m.	PROPN
framr-1715	327	15	bila	bila	PROPN
framr-1715	327	16	khan	khan	PROPN
framr-1715	327	17	,	,	PUNCT
framr-1715	327	18	2012	2012	NUM
framr-1715	327	19	.	.	PUNCT
framr-1715	328	1	the	the	DET
framr-1715	328	2	relationship	relationship	NOUN
framr-1715	328	3	between	between	ADP
framr-1715	328	4	dividend	dividend	NOUN
framr-1715	328	5	policy	policy	NOUN
framr-1715	328	6	and	and	CCONJ
framr-1715	328	7	shareholders	shareholder	NOUN
framr-1715	328	8	’	'	PUNCT
framr-1715	328	9	wealth	wealth	NOUN
framr-1715	328	10	.	.	PUNCT
framr-1715	329	1	economic	economic	ADJ
framr-1715	329	2	and	and	CCONJ
framr-1715	329	3	finance	finance	NOUN
framr-1715	329	4	review	review	NOUN
framr-1715	329	5	,	,	PUNCT
framr-1715	329	6	2(2	2(2	NUM
framr-1715	329	7	):	):	PUNCT
framr-1715	329	8	55	55	NUM
framr-1715	329	9	-	-	SYM
framr-1715	329	10	59	59	NUM
framr-1715	329	11	.	.	PUNCT
framr-1715	330	1	kumaresan	kumaresan	PROPN
framr-1715	330	2	,	,	PUNCT
framr-1715	330	3	s.	s.	PROPN
framr-1715	330	4	,	,	PUNCT
framr-1715	330	5	2014	2014	NUM
framr-1715	330	6	.	.	PUNCT
framr-1715	331	1	impact	impact	NOUN
framr-1715	331	2	of	of	ADP
framr-1715	331	3	dividend	dividend	NOUN
framr-1715	331	4	policy	policy	NOUN
framr-1715	331	5	on	on	ADP
framr-1715	331	6	shareholders	shareholder	NOUN
framr-1715	331	7	’	'	PUNCT
framr-1715	331	8	wealth	wealth	NOUN
framr-1715	331	9	:	:	PUNCT
framr-1715	331	10	a	a	DET
framr-1715	331	11	study	study	NOUN
framr-1715	331	12	of	of	ADP
framr-1715	331	13	listed	list	VERB
framr-1715	331	14	firms	firm	NOUN
framr-1715	331	15	in	in	ADP
framr-1715	331	16	hotels	hotel	NOUN
framr-1715	331	17	and	and	CCONJ
framr-1715	331	18	travels	travel	VERB
framr-1715	331	19	sector	sector	NOUN
framr-1715	331	20	of	of	ADP
framr-1715	331	21	sri	sri	PROPN
framr-1715	331	22	lanka	lanka	PROPN
framr-1715	331	23	.	.	PUNCT
framr-1715	332	1	international	international	ADJ
framr-1715	332	2	journal	journal	PROPN
framr-1715	332	3	of	of	ADP
framr-1715	332	4	technological	technological	ADJ
framr-1715	332	5	exploration	exploration	NOUN
framr-1715	332	6	and	and	CCONJ
framr-1715	332	7	learning	learning	NOUN
framr-1715	332	8	,	,	PUNCT
framr-1715	332	9	3(1	3(1	NUM
framr-1715	332	10	):	):	PUNCT
framr-1715	332	11	349	349	NUM
framr-1715	332	12	-	-	SYM
framr-1715	332	13	352	352	NUM
framr-1715	332	14	.	.	PUNCT
framr-1715	332	15	financial	financial	ADJ
framr-1715	332	16	risk	risk	NOUN
framr-1715	332	17	and	and	CCONJ
framr-1715	332	18	management	management	NOUN
framr-1715	332	19	reviews	review	NOUN
framr-1715	332	20	,	,	PUNCT
framr-1715	332	21	2015	2015	NUM
framr-1715	332	22	,	,	PUNCT
framr-1715	332	23	1(1):8	1(1):8	PROPN
framr-1715	332	24	-	-	SYM
framr-1715	332	25	26	26	NUM
framr-1715	332	26	26	26	NUM
framr-1715	332	27	©	©	PROPN
framr-1715	332	28	2015	2015	NUM
framr-1715	332	29	conscientia	conscientia	PROPN
framr-1715	332	30	beam	beam	PROPN
framr-1715	332	31	.	.	PUNCT
framr-1715	333	1	all	all	DET
framr-1715	333	2	rights	right	NOUN
framr-1715	333	3	reserved	reserve	VERB
framr-1715	333	4	.	.	PUNCT
framr-1715	334	1	lee	lee	PROPN
framr-1715	334	2	,	,	PUNCT
framr-1715	334	3	h.b	h.b	PROPN
framr-1715	334	4	.	.	PROPN
framr-1715	334	5	,	,	PUNCT
framr-1715	334	6	2008	2008	NUM
framr-1715	334	7	.	.	PUNCT
framr-1715	335	1	using	use	VERB
framr-1715	335	2	the	the	DET
framr-1715	335	3	chow	chow	PROPN
framr-1715	335	4	test	test	NOUN
framr-1715	335	5	to	to	PART
framr-1715	335	6	analyze	analyze	VERB
framr-1715	335	7	regression	regression	NOUN
framr-1715	335	8	discontinuities	discontinuity	NOUN
framr-1715	335	9	.	.	PUNCT
framr-1715	336	1	tutorials	tutorial	NOUN
framr-1715	336	2	in	in	ADP
framr-1715	336	3	quantitative	quantitative	ADJ
framr-1715	336	4	methods	method	NOUN
framr-1715	336	5	for	for	ADP
framr-1715	336	6	psychology	psychology	NOUN
framr-1715	336	7	,	,	PUNCT
framr-1715	336	8	4(2	4(2	NUM
framr-1715	336	9	):	):	PUNCT
framr-1715	336	10	46	46	NUM
framr-1715	336	11	–	–	SYM
framr-1715	336	12	50	50	NUM
framr-1715	336	13	.	.	X
framr-1715	336	14	olandipupo	olandipupo	PROPN
framr-1715	336	15	,	,	PUNCT
framr-1715	336	16	a.o	a.o	PROPN
framr-1715	336	17	.	.	PROPN
framr-1715	336	18	and	and	CCONJ
framr-1715	336	19	c.o	c.o	PROPN
framr-1715	336	20	.	.	PROPN
framr-1715	336	21	okafor	okafor	PROPN
framr-1715	336	22	,	,	PUNCT
framr-1715	336	23	2011	2011	NUM
framr-1715	336	24	.	.	PUNCT
framr-1715	337	1	control	control	NOUN
framr-1715	337	2	of	of	ADP
framr-1715	337	3	share	share	NOUN
framr-1715	337	4	wealth	wealth	NOUN
framr-1715	337	5	maximization	maximization	NOUN
framr-1715	337	6	in	in	ADP
framr-1715	337	7	nigeria	nigeria	PROPN
framr-1715	337	8	.	.	PUNCT
framr-1715	338	1	journal	journal	PROPN
framr-1715	338	2	of	of	ADP
framr-1715	338	3	business	business	NOUN
framr-1715	338	4	system	system	NOUN
framr-1715	338	5	governance	governance	NOUN
framr-1715	338	6	and	and	CCONJ
framr-1715	338	7	ethics	ethic	NOUN
framr-1715	338	8	,	,	PUNCT
framr-1715	338	9	6(1	6(1	NUM
framr-1715	338	10	):	):	PUNCT
framr-1715	338	11	19	19	NUM
framr-1715	338	12	-	-	SYM
framr-1715	338	13	24	24	NUM
framr-1715	338	14	.	.	PUNCT
framr-1715	339	1	onwumere	onwumere	PROPN
framr-1715	339	2	,	,	PUNCT
framr-1715	339	3	j.	j.	PROPN
framr-1715	339	4	,	,	PUNCT
framr-1715	339	5	g.	g.	PROPN
framr-1715	339	6	ibe	ibe	PROPN
framr-1715	339	7	and	and	CCONJ
framr-1715	339	8	o.	o.	PROPN
framr-1715	339	9	frank	frank	PROPN
framr-1715	339	10	,	,	PUNCT
framr-1715	339	11	2012	2012	NUM
framr-1715	339	12	.	.	PUNCT
framr-1715	340	1	does	do	AUX
framr-1715	340	2	the	the	DET
framr-1715	340	3	use	use	NOUN
framr-1715	340	4	of	of	ADP
framr-1715	340	5	outsiders	outsider	NOUN
framr-1715	340	6	’	’	PART
framr-1715	340	7	fund	fund	NOUN
framr-1715	340	8	enhance	enhance	NOUN
framr-1715	340	9	shareholders	shareholder	NOUN
framr-1715	340	10	’	'	PUNCT
framr-1715	340	11	wealth	wealth	NOUN
framr-1715	340	12	:	:	PUNCT
framr-1715	340	13	evidence	evidence	NOUN
framr-1715	340	14	from	from	ADP
framr-1715	340	15	nigeria	nigeria	PROPN
framr-1715	340	16	.	.	PUNCT
framr-1715	341	1	journal	journal	PROPN
framr-1715	341	2	of	of	ADP
framr-1715	341	3	finance	finance	NOUN
framr-1715	341	4	and	and	CCONJ
framr-1715	341	5	investment	investment	NOUN
framr-1715	341	6	analysis	analysis	NOUN
framr-1715	341	7	,	,	PUNCT
framr-1715	341	8	1(1	1(1	NUM
framr-1715	341	9	):	):	PUNCT
framr-1715	341	10	173	173	NUM
framr-1715	341	11	-	-	SYM
framr-1715	341	12	197	197	NUM
framr-1715	341	13	.	.	PUNCT
framr-1715	342	1	parua	parua	NOUN
framr-1715	342	2	,	,	PUNCT
framr-1715	342	3	a.	a.	NOUN
framr-1715	342	4	and	and	CCONJ
framr-1715	342	5	a.	a.	PROPN
framr-1715	342	6	gupta	gupta	PROPN
framr-1715	342	7	,	,	PUNCT
framr-1715	342	8	2009	2009	NUM
framr-1715	342	9	.	.	PUNCT
framr-1715	343	1	dividend	dividend	NOUN
framr-1715	343	2	history	history	NOUN
framr-1715	343	3	and	and	CCONJ
framr-1715	343	4	determinants	determinant	NOUN
framr-1715	343	5	in	in	ADP
framr-1715	343	6	selected	select	VERB
framr-1715	343	7	indian	indian	ADJ
framr-1715	343	8	firms	firm	NOUN
framr-1715	343	9	.	.	PUNCT
framr-1715	344	1	australian	australian	ADJ
framr-1715	344	2	accounting	accounting	NOUN
framr-1715	344	3	business	business	NOUN
framr-1715	344	4	and	and	CCONJ
framr-1715	344	5	finance	finance	NOUN
framr-1715	344	6	journal	journal	NOUN
framr-1715	344	7	,	,	PUNCT
framr-1715	344	8	3(4	3(4	NUM
framr-1715	344	9	):	):	PUNCT
framr-1715	344	10	46	46	NUM
framr-1715	344	11	-	-	SYM
framr-1715	344	12	83	83	NUM
framr-1715	344	13	.	.	PUNCT
framr-1715	345	1	rafique	rafique	PROPN
framr-1715	345	2	,	,	PUNCT
framr-1715	345	3	m.	m.	NOUN
framr-1715	345	4	,	,	PUNCT
framr-1715	345	5	2012	2012	NUM
framr-1715	345	6	.	.	PUNCT
framr-1715	346	1	factors	factor	NOUN
framr-1715	346	2	affecting	affect	VERB
framr-1715	346	3	dividend	dividend	NOUN
framr-1715	346	4	payout	payout	NOUN
framr-1715	346	5	:	:	PUNCT
framr-1715	346	6	evidence	evidence	NOUN
framr-1715	346	7	from	from	ADP
framr-1715	346	8	listed	list	VERB
framr-1715	346	9	non	non	ADJ
framr-1715	346	10	-	-	ADJ
framr-1715	346	11	financial	financial	ADJ
framr-1715	346	12	firms	firm	NOUN
framr-1715	346	13	of	of	ADP
framr-1715	346	14	karachi	karachi	PROPN
framr-1715	346	15	stock	stock	PROPN
framr-1715	346	16	exchange	exchange	PROPN
framr-1715	346	17	.	.	PUNCT
framr-1715	347	1	business	business	NOUN
framr-1715	347	2	management	management	NOUN
framr-1715	347	3	dynamics	dynamic	NOUN
framr-1715	347	4	,	,	PUNCT
framr-1715	347	5	1(11	1(11	NUM
framr-1715	347	6	):	):	PUNCT
framr-1715	347	7	76	76	NUM
framr-1715	347	8	-	-	SYM
framr-1715	347	9	92	92	NUM
framr-1715	347	10	.	.	PUNCT
framr-1715	348	1	salman	salman	PROPN
framr-1715	348	2	,	,	PUNCT
framr-1715	348	3	m.	m.	NOUN
framr-1715	348	4	,	,	PUNCT
framr-1715	348	5	2013	2013	NUM
framr-1715	348	6	.	.	PUNCT
framr-1715	349	1	effect	effect	NOUN
framr-1715	349	2	of	of	ADP
framr-1715	349	3	dividend	dividend	NOUN
framr-1715	349	4	policy	policy	NOUN
framr-1715	349	5	on	on	ADP
framr-1715	349	6	shareholders	shareholder	NOUN
framr-1715	349	7	’	'	PUNCT
framr-1715	349	8	wealth	wealth	NOUN
framr-1715	349	9	:	:	PUNCT
framr-1715	349	10	a	a	DET
framr-1715	349	11	study	study	NOUN
framr-1715	349	12	of	of	ADP
framr-1715	349	13	sugar	sugar	NOUN
framr-1715	349	14	industry	industry	NOUN
framr-1715	349	15	in	in	ADP
framr-1715	349	16	pakistan	pakistan	PROPN
framr-1715	349	17	.	.	PUNCT
framr-1715	350	1	global	global	ADJ
framr-1715	350	2	journal	journal	PROPN
framr-1715	350	3	of	of	ADP
framr-1715	350	4	management	management	NOUN
framr-1715	350	5	and	and	CCONJ
framr-1715	350	6	business	business	NOUN
framr-1715	350	7	research	research	NOUN
framr-1715	350	8	finance	finance	NOUN
framr-1715	350	9	,	,	PUNCT
framr-1715	350	10	13(7	13(7	NUM
framr-1715	350	11	):	):	PUNCT
framr-1715	350	12	47	47	NUM
framr-1715	350	13	-	-	SYM
framr-1715	350	14	54	54	NUM
framr-1715	350	15	.	.	PUNCT
framr-1715	351	1	tahir	tahir	PROPN
framr-1715	351	2	,	,	PUNCT
framr-1715	351	3	a.	a.	NOUN
framr-1715	351	4	and	and	CCONJ
framr-1715	351	5	n.	n.	PROPN
framr-1715	351	6	raja	raja	PROPN
framr-1715	351	7	,	,	PUNCT
framr-1715	351	8	2014	2014	NUM
framr-1715	351	9	.	.	PUNCT
framr-1715	352	1	the	the	DET
framr-1715	352	2	impact	impact	NOUN
framr-1715	352	3	of	of	ADP
framr-1715	352	4	dividend	dividend	NOUN
framr-1715	352	5	policy	policy	NOUN
framr-1715	352	6	on	on	ADP
framr-1715	352	7	shareholders	shareholder	NOUN
framr-1715	352	8	’	'	PUNCT
framr-1715	352	9	wealth	wealth	NOUN
framr-1715	352	10	.	.	PUNCT
framr-1715	353	1	international	international	ADJ
framr-1715	353	2	journal	journal	PROPN
framr-1715	353	3	of	of	ADP
framr-1715	353	4	business	business	NOUN
framr-1715	353	5	and	and	CCONJ
framr-1715	353	6	management	management	NOUN
framr-1715	353	7	,	,	PUNCT
framr-1715	353	8	16(1	16(1	NUM
framr-1715	353	9	):	):	PUNCT
framr-1715	353	10	24	24	NUM
framr-1715	353	11	-	-	SYM
framr-1715	353	12	33	33	NUM
framr-1715	353	13	.	.	PUNCT
framr-1715	354	1	uwuigbe	uwuigbe	NOUN
framr-1715	354	2	,	,	PUNCT
framr-1715	354	3	u.	u.	PROPN
framr-1715	354	4	,	,	PUNCT
framr-1715	354	5	j.	j.	PROPN
framr-1715	354	6	jafaru	jafaru	PROPN
framr-1715	354	7	and	and	CCONJ
framr-1715	354	8	a.	a.	PROPN
framr-1715	354	9	ajayi	ajayi	PROPN
framr-1715	354	10	,	,	PUNCT
framr-1715	354	11	2012	2012	NUM
framr-1715	354	12	.	.	PUNCT
framr-1715	355	1	dividend	dividend	NOUN
framr-1715	355	2	policy	policy	NOUN
framr-1715	355	3	and	and	CCONJ
framr-1715	355	4	firm	firm	ADJ
framr-1715	355	5	performance	performance	NOUN
framr-1715	355	6	:	:	PUNCT
framr-1715	355	7	a	a	DET
framr-1715	355	8	study	study	NOUN
framr-1715	355	9	of	of	ADP
framr-1715	355	10	listed	list	VERB
framr-1715	355	11	firms	firm	NOUN
framr-1715	355	12	in	in	ADP
framr-1715	355	13	nigeria	nigeria	PROPN
framr-1715	355	14	.	.	PUNCT
framr-1715	356	1	accounting	accounting	NOUN
framr-1715	356	2	and	and	CCONJ
framr-1715	356	3	management	management	NOUN
framr-1715	356	4	information	information	NOUN
framr-1715	356	5	systems	system	NOUN
framr-1715	356	6	,	,	PUNCT
framr-1715	356	7	11(3	11(3	NUM
framr-1715	356	8	):	):	PUNCT
framr-1715	356	9	442	442	NUM
framr-1715	356	10	-	-	SYM
framr-1715	356	11	454	454	NUM
framr-1715	356	12	.	.	PUNCT
framr-1715	357	1	views	view	NOUN
framr-1715	357	2	and	and	CCONJ
framr-1715	357	3	opinions	opinion	NOUN
framr-1715	357	4	expressed	express	VERB
framr-1715	357	5	in	in	ADP
framr-1715	357	6	this	this	DET
framr-1715	357	7	article	article	NOUN
framr-1715	357	8	are	be	AUX
framr-1715	357	9	the	the	DET
framr-1715	357	10	views	view	NOUN
framr-1715	357	11	and	and	CCONJ
framr-1715	357	12	opinions	opinion	NOUN
framr-1715	357	13	of	of	ADP
framr-1715	357	14	the	the	DET
framr-1715	357	15	author(s	author(s	NOUN
framr-1715	357	16	)	)	PUNCT
framr-1715	357	17	,	,	PUNCT
framr-1715	357	18	financial	financial	ADJ
framr-1715	357	19	risk	risk	NOUN
framr-1715	357	20	and	and	CCONJ
framr-1715	357	21	management	management	NOUN
framr-1715	357	22	reviews	review	NOUN
framr-1715	357	23	shall	shall	AUX
framr-1715	357	24	not	not	PART
framr-1715	357	25	be	be	AUX
framr-1715	357	26	responsible	responsible	ADJ
framr-1715	357	27	or	or	CCONJ
framr-1715	357	28	answerable	answerable	ADJ
framr-1715	357	29	for	for	ADP
framr-1715	357	30	any	any	DET
framr-1715	357	31	loss	loss	NOUN
framr-1715	357	32	,	,	PUNCT
framr-1715	357	33	damage	damage	NOUN
framr-1715	357	34	or	or	CCONJ
framr-1715	357	35	liability	liability	NOUN
framr-1715	357	36	etc	etc	X
framr-1715	357	37	.	.	X
framr-1715	358	1	caused	cause	VERB
framr-1715	358	2	in	in	ADP
framr-1715	358	3	relation	relation	NOUN
framr-1715	358	4	to	to	PART
framr-1715	358	5	/	/	PUNCT
framr-1715	358	6	arising	arise	VERB
framr-1715	358	7	out	out	ADP
framr-1715	358	8	of	of	ADP
framr-1715	358	9	the	the	DET
framr-1715	358	10	use	use	NOUN
framr-1715	358	11	of	of	ADP
framr-1715	358	12	the	the	DET
framr-1715	358	13	content	content	NOUN
framr-1715	358	14	.	.	PUNCT