id	sid	tid	token	lemma	pos
framr-1721	1	1	1	1	NUM
framr-1721	1	2	†	†	X
framr-1721	1	3	corresponding	corresponding	ADJ
framr-1721	1	4	author	author	NOUN
framr-1721	1	5	©	©	PROPN
framr-1721	1	6	2016	2016	NUM
framr-1721	1	7	conscientia	conscientia	PROPN
framr-1721	1	8	beam	beam	PROPN
framr-1721	1	9	.	.	PUNCT
framr-1721	2	1	all	all	DET
framr-1721	2	2	rights	right	NOUN
framr-1721	2	3	reserved	reserve	VERB
framr-1721	2	4	.	.	PUNCT
framr-1721	3	1	does	do	AUX
framr-1721	3	2	managerial	managerial	ADJ
framr-1721	3	3	emotional	emotional	ADJ
framr-1721	3	4	biases	bias	NOUN
framr-1721	3	5	affect	affect	VERB
framr-1721	3	6	debt	debt	NOUN
framr-1721	3	7	maturity	maturity	NOUN
framr-1721	3	8	preference	preference	NOUN
framr-1721	3	9	?	?	PUNCT
framr-1721	4	1	bayesian	bayesian	NOUN
framr-1721	4	2	network	network	NOUN
framr-1721	4	3	method	method	NOUN
framr-1721	4	4	:	:	PUNCT
framr-1721	4	5	evidence	evidence	NOUN
framr-1721	4	6	from	from	ADP
framr-1721	4	7	tunisia	tunisia	PROPN
framr-1721	4	8	azouzi	azouzi	PROPN
framr-1721	4	9	mohamed	mohamed	PROPN
framr-1721	4	10	ali1†	ali1†	PROPN
framr-1721	4	11	--jarboui	--jarboui	PROPN
framr-1721	4	12	anis2	anis2	PROPN
framr-1721	5	1	1assistant	1assistant	NUM
framr-1721	5	2	professor	professor	NOUN
framr-1721	5	3	in	in	ADP
framr-1721	5	4	finance	finance	NOUN
framr-1721	5	5	and	and	CCONJ
framr-1721	5	6	accounting	accounting	NOUN
framr-1721	5	7	methods	method	NOUN
framr-1721	5	8	higher	high	ADJ
framr-1721	5	9	institute	institute	PROPN
framr-1721	5	10	of	of	ADP
framr-1721	5	11	business	business	PROPN
framr-1721	5	12	administration	administration	PROPN
framr-1721	5	13	(	(	PUNCT
framr-1721	5	14	isaas	isaas	NOUN
framr-1721	5	15	)	)	PUNCT
framr-1721	5	16	university	university	NOUN
framr-1721	5	17	of	of	ADP
framr-1721	5	18	sfax	sfax	NOUN
framr-1721	5	19	,	,	PUNCT
framr-1721	5	20	tunisia	tunisia	PROPN
framr-1721	5	21	2doctor	2doctor	NUM
framr-1721	5	22	and	and	CCONJ
framr-1721	5	23	hdr	hdr	NOUN
framr-1721	5	24	financial	financial	ADJ
framr-1721	5	25	and	and	CCONJ
framr-1721	5	26	accounting	accounting	NOUN
framr-1721	5	27	associate	associate	NOUN
framr-1721	5	28	professor	professor	NOUN
framr-1721	5	29	of	of	ADP
framr-1721	5	30	universities	university	NOUN
framr-1721	5	31	higher	high	ADJ
framr-1721	5	32	institute	institute	PROPN
framr-1721	5	33	of	of	ADP
framr-1721	5	34	business	business	PROPN
framr-1721	5	35	administration	administration	PROPN
framr-1721	5	36	(	(	PUNCT
framr-1721	5	37	isaas	isaas	NOUN
framr-1721	5	38	)	)	PUNCT
framr-1721	5	39	university	university	NOUN
framr-1721	5	40	of	of	ADP
framr-1721	5	41	sfax	sfax	NOUN
framr-1721	5	42	,	,	PUNCT
framr-1721	5	43	tunisia	tunisia	PROPN
framr-1721	5	44	abstract	abstract	ADV
framr-1721	5	45	this	this	DET
framr-1721	5	46	study	study	NOUN
framr-1721	5	47	documents	document	NOUN
framr-1721	5	48	that	that	SCONJ
framr-1721	5	49	managerial	managerial	ADJ
framr-1721	5	50	characteristics	characteristic	NOUN
framr-1721	5	51	’	'	PUNCT
framr-1721	5	52	play	play	VERB
framr-1721	5	53	an	an	DET
framr-1721	5	54	important	important	ADJ
framr-1721	5	55	role	role	NOUN
framr-1721	5	56	in	in	ADP
framr-1721	5	57	determining	determine	VERB
framr-1721	5	58	corporate	corporate	ADJ
framr-1721	5	59	debt	debt	NOUN
framr-1721	5	60	maturity	maturity	NOUN
framr-1721	5	61	.	.	PUNCT
framr-1721	6	1	specifically	specifically	ADV
framr-1721	6	2	,	,	PUNCT
framr-1721	6	3	we	we	PRON
framr-1721	6	4	focus	focus	VERB
framr-1721	6	5	on	on	ADP
framr-1721	6	6	the	the	DET
framr-1721	6	7	relationship	relationship	NOUN
framr-1721	6	8	between	between	ADP
framr-1721	6	9	the	the	DET
framr-1721	6	10	managerial	managerial	ADJ
framr-1721	6	11	biases	bias	NOUN
framr-1721	6	12	and	and	CCONJ
framr-1721	6	13	firm	firm	ADJ
framr-1721	6	14	debt	debt	NOUN
framr-1721	6	15	maturity	maturity	NOUN
framr-1721	6	16	preference	preference	NOUN
framr-1721	6	17	.	.	PUNCT
framr-1721	7	1	empirical	empirical	ADJ
framr-1721	7	2	analysis	analysis	NOUN
framr-1721	7	3	of	of	ADP
framr-1721	7	4	the	the	DET
framr-1721	7	5	relationship	relationship	NOUN
framr-1721	7	6	between	between	ADP
framr-1721	7	7	emotional	emotional	ADJ
framr-1721	7	8	bias	bias	NOUN
framr-1721	7	9	and	and	CCONJ
framr-1721	7	10	debt	debt	NOUN
framr-1721	7	11	maturity	maturity	NOUN
framr-1721	7	12	using	use	VERB
framr-1721	7	13	bayesian	bayesian	NOUN
framr-1721	7	14	network	network	NOUN
framr-1721	7	15	method	method	NOUN
framr-1721	7	16	.	.	PUNCT
framr-1721	8	1	we	we	PRON
framr-1721	8	2	distributed	distribute	VERB
framr-1721	8	3	a	a	DET
framr-1721	8	4	questionnaire	questionnaire	NOUN
framr-1721	8	5	among	among	ADP
framr-1721	8	6	100	100	NUM
framr-1721	8	7	tunisian	tunisian	ADJ
framr-1721	8	8	managers	manager	NOUN
framr-1721	8	9	to	to	PART
framr-1721	8	10	measure	measure	VERB
framr-1721	8	11	their	their	PRON
framr-1721	8	12	emotional	emotional	ADJ
framr-1721	8	13	biases	bias	NOUN
framr-1721	8	14	.	.	PUNCT
framr-1721	9	1	our	our	PRON
framr-1721	9	2	results	result	NOUN
framr-1721	9	3	have	have	AUX
framr-1721	9	4	revealed	reveal	VERB
framr-1721	9	5	that	that	SCONJ
framr-1721	9	6	the	the	DET
framr-1721	9	7	behavioral	behavioral	ADJ
framr-1721	9	8	analysis	analysis	NOUN
framr-1721	9	9	of	of	ADP
framr-1721	9	10	debt	debt	NOUN
framr-1721	9	11	maturity	maturity	NOUN
framr-1721	9	12	preference	preference	NOUN
framr-1721	9	13	implies	imply	VERB
framr-1721	9	14	leader	leader	NOUN
framr-1721	9	15	affected	affect	VERB
framr-1721	9	16	by	by	ADP
framr-1721	9	17	behavioral	behavioral	ADJ
framr-1721	9	18	biases	bias	NOUN
framr-1721	9	19	(	(	PUNCT
framr-1721	9	20	optimism	optimism	NOUN
framr-1721	9	21	,	,	PUNCT
framr-1721	9	22	loss	loss	NOUN
framr-1721	9	23	aversion	aversion	NOUN
framr-1721	9	24	,	,	PUNCT
framr-1721	9	25	and	and	CCONJ
framr-1721	9	26	overconfidence	overconfidence	NOUN
framr-1721	9	27	)	)	PUNCT
framr-1721	9	28	presence	presence	NOUN
framr-1721	9	29	prefer	prefer	VERB
framr-1721	9	30	long	long	ADJ
framr-1721	9	31	term	term	NOUN
framr-1721	9	32	debt	debt	NOUN
framr-1721	9	33	maturity	maturity	NOUN
framr-1721	9	34	allowing	allow	VERB
framr-1721	9	35	this	this	DET
framr-1721	9	36	protect	protect	NOUN
framr-1721	9	37	against	against	ADP
framr-1721	9	38	the	the	DET
framr-1721	9	39	takeover	takeover	NOUN
framr-1721	9	40	operation	operation	NOUN
framr-1721	9	41	russianness	russianness	NOUN
framr-1721	9	42	.	.	PUNCT
framr-1721	10	1	keywords	keyword	NOUN
framr-1721	10	2	:	:	PUNCT
framr-1721	10	3	emotional	emotional	ADJ
framr-1721	10	4	biases	bias	NOUN
framr-1721	10	5	,	,	PUNCT
framr-1721	10	6	debt	debt	NOUN
framr-1721	10	7	maturity	maturity	NOUN
framr-1721	10	8	,	,	PUNCT
framr-1721	10	9	behavioral	behavioral	ADJ
framr-1721	10	10	corporate	corporate	ADJ
framr-1721	10	11	finance	finance	NOUN
framr-1721	10	12	,	,	PUNCT
framr-1721	10	13	bayesian	bayesian	NOUN
framr-1721	10	14	network	network	NOUN
framr-1721	10	15	,	,	PUNCT
framr-1721	10	16	managerial	managerial	ADJ
framr-1721	10	17	characteristics	characteristic	NOUN
framr-1721	10	18	.	.	PUNCT
framr-1721	11	1	jel	jel	PROPN
framr-1721	11	2	classification	classification	PROPN
framr-1721	11	3	:	:	PUNCT
framr-1721	11	4	g14	g14	PROPN
framr-1721	11	5	,	,	PUNCT
framr-1721	11	6	g31	g31	PROPN
framr-1721	11	7	,	,	PUNCT
framr-1721	11	8	g32	g32	NOUN
framr-1721	11	9	,	,	PUNCT
framr-1721	11	10	d80	d80	NOUN
framr-1721	11	11	.	.	PUNCT
framr-1721	12	1	contribution/	contribution/	NUM
framr-1721	12	2	originality	originality	NOUN
framr-1721	12	3	the	the	DET
framr-1721	12	4	paper	paper	NOUN
framr-1721	12	5	pushing	push	VERB
framr-1721	12	6	organizations	organization	NOUN
framr-1721	12	7	managers	manager	NOUN
framr-1721	12	8	to	to	PART
framr-1721	12	9	choose	choose	VERB
framr-1721	12	10	according	accord	VERB
framr-1721	12	11	to	to	ADP
framr-1721	12	12	their	their	PRON
framr-1721	12	13	emotional	emotional	ADJ
framr-1721	12	14	level	level	NOUN
framr-1721	12	15	(	(	PUNCT
framr-1721	12	16	applied	apply	VERB
framr-1721	12	17	emotional	emotional	ADJ
framr-1721	12	18	capacity	capacity	NOUN
framr-1721	12	19	test	test	NOUN
framr-1721	12	20	up	up	ADP
framr-1721	12	21	psychometric	psychometric	ADJ
framr-1721	12	22	testing	testing	NOUN
framr-1721	12	23	)	)	PUNCT
framr-1721	12	24	.	.	PUNCT
framr-1721	13	1	in	in	ADP
framr-1721	13	2	addition	addition	NOUN
framr-1721	13	3	,	,	PUNCT
framr-1721	13	4	it	it	PRON
framr-1721	13	5	increases	increase	VERB
framr-1721	13	6	the	the	DET
framr-1721	13	7	validity	validity	NOUN
framr-1721	13	8	of	of	ADP
framr-1721	13	9	inferences	inference	NOUN
framr-1721	13	10	from	from	ADP
framr-1721	13	11	the	the	DET
framr-1721	13	12	research	research	NOUN
framr-1721	13	13	.	.	PUNCT
framr-1721	14	1	this	this	DET
framr-1721	14	2	paper	paper	NOUN
framr-1721	14	3	incites	incite	VERB
framr-1721	14	4	governments	government	NOUN
framr-1721	14	5	to	to	PART
framr-1721	14	6	establish	establish	VERB
framr-1721	14	7	training	training	NOUN
framr-1721	14	8	programs	program	NOUN
framr-1721	14	9	aimed	aim	VERB
framr-1721	14	10	at	at	ADP
framr-1721	14	11	the	the	DET
framr-1721	14	12	development	development	NOUN
framr-1721	14	13	of	of	ADP
framr-1721	14	14	learning	learn	VERB
framr-1721	14	15	of	of	ADP
framr-1721	14	16	emotional	emotional	ADJ
framr-1721	14	17	capacity	capacity	NOUN
framr-1721	14	18	.	.	PUNCT
framr-1721	15	1	1	1	X
framr-1721	15	2	.	.	X
framr-1721	15	3	introduction	introduction	NOUN
framr-1721	15	4	in	in	ADP
framr-1721	15	5	most	most	ADJ
framr-1721	15	6	cases	case	NOUN
framr-1721	15	7	,	,	PUNCT
framr-1721	15	8	the	the	DET
framr-1721	15	9	decision	decision	NOUN
framr-1721	15	10	is	be	AUX
framr-1721	15	11	complex	complex	ADJ
framr-1721	15	12	because	because	SCONJ
framr-1721	15	13	,	,	PUNCT
framr-1721	15	14	in	in	ADP
framr-1721	15	15	addition	addition	NOUN
framr-1721	15	16	to	to	ADP
framr-1721	15	17	the	the	DET
framr-1721	15	18	difficulty	difficulty	NOUN
framr-1721	15	19	of	of	ADP
framr-1721	15	20	choosing	choose	VERB
framr-1721	15	21	an	an	DET
framr-1721	15	22	alternative	alternative	NOUN
framr-1721	15	23	from	from	ADP
framr-1721	15	24	a	a	DET
framr-1721	15	25	multitude	multitude	NOUN
framr-1721	15	26	of	of	ADP
framr-1721	15	27	alternatives	alternative	NOUN
framr-1721	15	28	,	,	PUNCT
framr-1721	15	29	the	the	DET
framr-1721	15	30	decision	decision	NOUN
framr-1721	15	31	maker	maker	NOUN
framr-1721	15	32	often	often	ADV
framr-1721	15	33	faces	face	VERB
framr-1721	15	34	the	the	DET
framr-1721	15	35	uncertainty	uncertainty	NOUN
framr-1721	15	36	of	of	ADP
framr-1721	15	37	actions	action	NOUN
framr-1721	15	38	whose	whose	DET
framr-1721	15	39	results	result	NOUN
framr-1721	15	40	are	be	AUX
framr-1721	15	41	very	very	ADV
framr-1721	15	42	imperfectly	imperfectly	ADV
framr-1721	15	43	known	know	VERB
framr-1721	15	44	at	at	ADP
framr-1721	15	45	the	the	DET
framr-1721	15	46	time	time	NOUN
framr-1721	15	47	of	of	ADP
framr-1721	15	48	choice	choice	NOUN
framr-1721	15	49	.	.	PUNCT
framr-1721	16	1	managers	manager	NOUN
framr-1721	16	2	must	must	AUX
framr-1721	16	3	make	make	VERB
framr-1721	16	4	daily	daily	ADJ
framr-1721	16	5	choices	choice	NOUN
framr-1721	16	6	related	relate	VERB
framr-1721	16	7	to	to	ADP
framr-1721	16	8	the	the	DET
framr-1721	16	9	definition	definition	NOUN
framr-1721	16	10	of	of	ADP
framr-1721	16	11	sectors	sector	NOUN
framr-1721	16	12	and	and	CCONJ
framr-1721	16	13	business	business	NOUN
framr-1721	16	14	strategy	strategy	NOUN
framr-1721	16	15	,	,	PUNCT
framr-1721	16	16	monitoring	monitor	VERB
framr-1721	16	17	market	market	NOUN
framr-1721	16	18	investments	investment	NOUN
framr-1721	16	19	or	or	CCONJ
framr-1721	16	20	equipment	equipment	NOUN
framr-1721	16	21	,	,	PUNCT
framr-1721	16	22	supply	supply	NOUN
framr-1721	16	23	management	management	NOUN
framr-1721	16	24	and	and	CCONJ
framr-1721	16	25	inventory	inventory	NOUN
framr-1721	16	26	management	management	NOUN
framr-1721	16	27	of	of	ADP
framr-1721	16	28	financial	financial	ADJ
framr-1721	16	29	risks	risk	NOUN
framr-1721	16	30	,	,	PUNCT
framr-1721	16	31	industrial	industrial	ADJ
framr-1721	16	32	or	or	CCONJ
framr-1721	16	33	environmental	environmental	ADJ
framr-1721	16	34	,	,	PUNCT
framr-1721	16	35	employment	employment	NOUN
framr-1721	16	36	,	,	PUNCT
framr-1721	16	37	and	and	CCONJ
framr-1721	16	38	the	the	DET
framr-1721	16	39	launch	launch	NOUN
framr-1721	16	40	of	of	ADP
framr-1721	16	41	new	new	ADJ
framr-1721	16	42	products	product	NOUN
framr-1721	16	43	.	.	PUNCT
framr-1721	17	1	financial	financial	ADJ
framr-1721	17	2	risk	risk	NOUN
framr-1721	17	3	and	and	CCONJ
framr-1721	17	4	management	management	NOUN
framr-1721	17	5	reviews	review	NOUN
framr-1721	17	6	2016	2016	NUM
framr-1721	17	7	vol	vol	NOUN
framr-1721	17	8	.	.	PROPN
framr-1721	18	1	2	2	NUM
framr-1721	18	2	,	,	PUNCT
framr-1721	18	3	no	no	INTJ
framr-1721	18	4	.	.	NOUN
framr-1721	18	5	1	1	NUM
framr-1721	18	6	,	,	PUNCT
framr-1721	18	7	pp	pp	ADJ
framr-1721	18	8	.	.	PUNCT
framr-1721	19	1	1	1	NUM
framr-1721	19	2	-	-	SYM
framr-1721	19	3	25	25	NUM
framr-1721	19	4	issn(e	issn(e	NOUN
framr-1721	19	5	):	):	PUNCT
framr-1721	19	6	2411	2411	NUM
framr-1721	19	7	-	-	SYM
framr-1721	19	8	6408	6408	NUM
framr-1721	19	9	issn(p	issn(p	NUM
framr-1721	19	10	):	):	PUNCT
framr-1721	19	11	2412	2412	NUM
framr-1721	19	12	-	-	SYM
framr-1721	19	13	3404	3404	NUM
framr-1721	19	14	doi	doi	NOUN
framr-1721	19	15	:	:	PUNCT
framr-1721	19	16	10.18488	10.18488	NUM
framr-1721	19	17	/	/	SYM
framr-1721	19	18	journal.89/2016.2.1/89.1.1.25	journal.89/2016.2.1/89.1.1.25	NOUN
framr-1721	19	19	©	©	PROPN
framr-1721	19	20	2016	2016	NUM
framr-1721	19	21	conscientia	conscientia	PROPN
framr-1721	19	22	beam	beam	PROPN
framr-1721	19	23	.	.	PUNCT
framr-1721	20	1	all	all	DET
framr-1721	20	2	rights	right	NOUN
framr-1721	20	3	reserved	reserve	VERB
framr-1721	20	4	.	.	PUNCT
framr-1721	21	1	http://crossmark.crossref.org/dialog/?doi=10.18488/journal.89/2016.2.1/89.1.1.25	http://crossmark.crossref.org/dialog/?doi=10.18488/journal.89/2016.2.1/89.1.1.25	PROPN
framr-1721	21	2	financial	financial	ADJ
framr-1721	21	3	risk	risk	NOUN
framr-1721	21	4	and	and	CCONJ
framr-1721	21	5	management	management	NOUN
framr-1721	21	6	reviews	review	NOUN
framr-1721	21	7	,	,	PUNCT
framr-1721	21	8	2016	2016	NUM
framr-1721	21	9	,	,	PUNCT
framr-1721	21	10	2(1	2(1	NUM
framr-1721	21	11	):	):	PUNCT
framr-1721	21	12	1	1	NUM
framr-1721	21	13	-	-	SYM
framr-1721	21	14	25	25	NUM
framr-1721	21	15	2	2	NUM
framr-1721	21	16	©	©	PROPN
framr-1721	21	17	2016	2016	NUM
framr-1721	21	18	conscientia	conscientia	PROPN
framr-1721	21	19	beam	beam	PROPN
framr-1721	21	20	.	.	PUNCT
framr-1721	22	1	all	all	DET
framr-1721	22	2	rights	right	NOUN
framr-1721	22	3	reserved	reserve	VERB
framr-1721	22	4	.	.	PUNCT
framr-1721	23	1	moreover	moreover	ADV
framr-1721	23	2	,	,	PUNCT
framr-1721	23	3	the	the	DET
framr-1721	23	4	nature	nature	NOUN
framr-1721	23	5	of	of	ADP
framr-1721	23	6	the	the	DET
framr-1721	23	7	objectives	objective	NOUN
framr-1721	23	8	pursued	pursue	VERB
framr-1721	23	9	by	by	ADP
framr-1721	23	10	the	the	DET
framr-1721	23	11	leaders	leader	NOUN
framr-1721	23	12	can	can	AUX
framr-1721	23	13	be	be	AUX
framr-1721	23	14	broken	break	VERB
framr-1721	23	15	between	between	ADP
framr-1721	23	16	search	search	NOUN
framr-1721	23	17	security	security	NOUN
framr-1721	23	18	or	or	CCONJ
framr-1721	23	19	durability	durability	NOUN
framr-1721	23	20	and	and	CCONJ
framr-1721	23	21	a	a	DET
framr-1721	23	22	desire	desire	NOUN
framr-1721	23	23	for	for	ADP
framr-1721	23	24	growth	growth	NOUN
framr-1721	23	25	and	and	CCONJ
framr-1721	23	26	acceptance	acceptance	NOUN
framr-1721	23	27	of	of	ADP
framr-1721	23	28	risk	risk	NOUN
framr-1721	23	29	which	which	PRON
framr-1721	23	30	can	can	AUX
framr-1721	23	31	not	not	PART
framr-1721	23	32	remain	remain	VERB
framr-1721	23	33	without	without	ADP
framr-1721	23	34	consequence	consequence	NOUN
framr-1721	23	35	also	also	ADV
framr-1721	23	36	their	their	PRON
framr-1721	23	37	behavior	behavior	NOUN
framr-1721	23	38	in	in	ADP
framr-1721	23	39	terms	term	NOUN
framr-1721	23	40	of	of	ADP
framr-1721	23	41	investment	investment	NOUN
framr-1721	23	42	and	and	CCONJ
framr-1721	23	43	funding	funding	NOUN
framr-1721	23	44	(	(	PUNCT
framr-1721	23	45	julien	julien	NOUN
framr-1721	23	46	and	and	CCONJ
framr-1721	23	47	marchesnay	marchesnay	PROPN
framr-1721	23	48	,	,	PUNCT
framr-1721	23	49	1987	1987	NUM
framr-1721	23	50	)	)	PUNCT
framr-1721	23	51	.	.	PUNCT
framr-1721	24	1	in	in	ADP
framr-1721	24	2	recent	recent	ADJ
framr-1721	24	3	decades	decade	NOUN
framr-1721	24	4	,	,	PUNCT
framr-1721	24	5	a	a	DET
framr-1721	24	6	significant	significant	ADJ
framr-1721	24	7	amount	amount	NOUN
framr-1721	24	8	of	of	ADP
framr-1721	24	9	research	research	NOUN
framr-1721	24	10	in	in	ADP
framr-1721	24	11	finance	finance	NOUN
framr-1721	24	12	,	,	PUNCT
framr-1721	24	13	both	both	CCONJ
framr-1721	24	14	theoretical	theoretical	ADJ
framr-1721	24	15	and	and	CCONJ
framr-1721	24	16	empirical	empirical	ADJ
framr-1721	24	17	focused	focus	VERB
framr-1721	24	18	on	on	ADP
framr-1721	24	19	the	the	DET
framr-1721	24	20	psychology	psychology	NOUN
framr-1721	24	21	of	of	ADP
framr-1721	24	22	leadership	leadership	NOUN
framr-1721	24	23	and	and	CCONJ
framr-1721	24	24	its	its	PRON
framr-1721	24	25	impact	impact	NOUN
framr-1721	24	26	on	on	ADP
framr-1721	24	27	the	the	DET
framr-1721	24	28	process	process	NOUN
framr-1721	24	29	of	of	ADP
framr-1721	24	30	decision	decision	NOUN
framr-1721	24	31	making	making	NOUN
framr-1721	24	32	.	.	PUNCT
framr-1721	25	1	these	these	DET
framr-1721	25	2	studies	study	NOUN
framr-1721	25	3	have	have	AUX
framr-1721	25	4	contributed	contribute	VERB
framr-1721	25	5	to	to	ADP
framr-1721	25	6	the	the	DET
framr-1721	25	7	understanding	understanding	NOUN
framr-1721	25	8	of	of	ADP
framr-1721	25	9	certain	certain	ADJ
framr-1721	25	10	behavioral	behavioral	ADJ
framr-1721	25	11	biases	bias	NOUN
framr-1721	25	12	that	that	PRON
framr-1721	25	13	affect	affect	VERB
framr-1721	25	14	the	the	DET
framr-1721	25	15	decisions	decision	NOUN
framr-1721	25	16	made	make	VERB
framr-1721	25	17	by	by	ADP
framr-1721	25	18	leaders	leader	NOUN
framr-1721	25	19	namely	namely	ADV
framr-1721	25	20	through	through	ADP
framr-1721	25	21	loss	loss	NOUN
framr-1721	25	22	aversion	aversion	NOUN
framr-1721	25	23	in	in	ADP
framr-1721	25	24	the	the	DET
framr-1721	25	25	case	case	NOUN
framr-1721	25	26	of	of	ADP
framr-1721	25	27	financing	financing	NOUN
framr-1721	25	28	choices	choice	NOUN
framr-1721	25	29	and	and	CCONJ
framr-1721	25	30	investment	investment	NOUN
framr-1721	25	31	(	(	PUNCT
framr-1721	25	32	kahneman	kahneman	NOUN
framr-1721	25	33	et	et	PROPN
framr-1721	25	34	al	al	PROPN
framr-1721	25	35	.	.	PROPN
framr-1721	25	36	,	,	PUNCT
framr-1721	25	37	1991	1991	NUM
framr-1721	25	38	;	;	PUNCT
framr-1721	25	39	stulz	stulz	ADJ
framr-1721	25	40	,	,	PUNCT
framr-1721	25	41	1996	1996	NUM
framr-1721	25	42	;	;	PUNCT
framr-1721	25	43	zhang	zhang	PROPN
framr-1721	25	44	,	,	PUNCT
framr-1721	25	45	1997	1997	NUM
framr-1721	25	46	;	;	PUNCT
framr-1721	25	47	helliar	helliar	PROPN
framr-1721	25	48	et	et	PROPN
framr-1721	25	49	al	al	PROPN
framr-1721	25	50	.	.	PROPN
framr-1721	25	51	,	,	PUNCT
framr-1721	25	52	2005	2005	NUM
framr-1721	25	53	)	)	PUNCT
framr-1721	25	54	.	.	PUNCT
framr-1721	26	1	many	many	ADJ
framr-1721	26	2	contemporary	contemporary	ADJ
framr-1721	26	3	researches	research	NOUN
framr-1721	26	4	in	in	ADP
framr-1721	26	5	behavioral	behavioral	ADJ
framr-1721	26	6	corporate	corporate	ADJ
framr-1721	26	7	finance	finance	NOUN
framr-1721	26	8	have	have	AUX
framr-1721	26	9	stressed	stress	VERB
framr-1721	26	10	the	the	DET
framr-1721	26	11	importance	importance	NOUN
framr-1721	26	12	of	of	ADP
framr-1721	26	13	the	the	DET
framr-1721	26	14	personal	personal	ADJ
framr-1721	26	15	equation	equation	NOUN
framr-1721	26	16	and	and	CCONJ
framr-1721	26	17	objectives	objective	NOUN
framr-1721	26	18	of	of	ADP
framr-1721	26	19	the	the	DET
framr-1721	26	20	leaders	leader	NOUN
framr-1721	26	21	in	in	ADP
framr-1721	26	22	explaining	explain	VERB
framr-1721	26	23	corporate	corporate	ADJ
framr-1721	26	24	finance	finance	NOUN
framr-1721	26	25	structure	structure	NOUN
framr-1721	26	26	.	.	PUNCT
framr-1721	27	1	this	this	DET
framr-1721	27	2	theories	theory	NOUN
framr-1721	27	3	have	have	AUX
framr-1721	27	4	illuminated	illuminate	VERB
framr-1721	27	5	how	how	SCONJ
framr-1721	27	6	biases	bias	NOUN
framr-1721	27	7	like	like	ADP
framr-1721	27	8	overconfidence	overconfidence	NOUN
framr-1721	27	9	and	and	CCONJ
framr-1721	27	10	optimism	optimism	NOUN
framr-1721	27	11	can	can	AUX
framr-1721	27	12	affect	affect	VERB
framr-1721	27	13	various	various	ADJ
framr-1721	27	14	corporate	corporate	ADJ
framr-1721	27	15	decisions	decision	NOUN
framr-1721	27	16	(	(	PUNCT
framr-1721	27	17	bernardo	bernardo	NOUN
framr-1721	27	18	and	and	CCONJ
framr-1721	27	19	welch	welch	PROPN
framr-1721	27	20	,	,	PUNCT
framr-1721	27	21	2001	2001	NUM
framr-1721	27	22	;	;	PUNCT
framr-1721	27	23	heaton	heaton	PROPN
framr-1721	27	24	,	,	PUNCT
framr-1721	27	25	2002	2002	NUM
framr-1721	27	26	;	;	PUNCT
framr-1721	27	27	goel	goel	PROPN
framr-1721	27	28	and	and	CCONJ
framr-1721	27	29	thakor	thakor	PROPN
framr-1721	27	30	,	,	PUNCT
framr-1721	27	31	2008	2008	NUM
framr-1721	27	32	)	)	PUNCT
framr-1721	27	33	.	.	PUNCT
framr-1721	28	1	recent	recent	ADJ
framr-1721	28	2	papers	paper	NOUN
framr-1721	28	3	there	there	PRON
framr-1721	28	4	are	be	VERB
framr-1721	28	5	findings	finding	NOUN
framr-1721	28	6	on	on	ADP
framr-1721	28	7	managerial	managerial	ADJ
framr-1721	28	8	fixed	fix	VERB
framr-1721	28	9	effects	effect	NOUN
framr-1721	28	10	(	(	PUNCT
framr-1721	28	11	bertrand	bertrand	PROPN
framr-1721	28	12	and	and	CCONJ
framr-1721	28	13	schoar	schoar	PROPN
framr-1721	28	14	,	,	PUNCT
framr-1721	28	15	2003	2003	NUM
framr-1721	28	16	)	)	PUNCT
framr-1721	28	17	on	on	ADP
framr-1721	28	18	managerial	managerial	ADJ
framr-1721	28	19	overconfidence	overconfidence	NOUN
framr-1721	28	20	proxies	proxy	NOUN
framr-1721	28	21	relating	relate	VERB
framr-1721	28	22	to	to	ADP
framr-1721	28	23	firm	firm	ADJ
framr-1721	28	24	behavior	behavior	NOUN
framr-1721	28	25	(	(	PUNCT
framr-1721	28	26	malmendier	malmendier	NOUN
framr-1721	28	27	and	and	CCONJ
framr-1721	28	28	tate	tate	NOUN
framr-1721	28	29	,	,	PUNCT
framr-1721	28	30	2005	2005	NUM
framr-1721	28	31	;	;	PUNCT
framr-1721	28	32	2008	2008	NUM
framr-1721	28	33	)	)	PUNCT
framr-1721	28	34	and	and	CCONJ
framr-1721	28	35	on	on	ADP
framr-1721	28	36	chief	chief	ADJ
framr-1721	28	37	executive	executive	ADJ
framr-1721	28	38	officer	officer	NOUN
framr-1721	28	39	(	(	PUNCT
framr-1721	28	40	ceo	ceo	NOUN
framr-1721	28	41	)	)	PUNCT
framr-1721	28	42	characteristics	characteristic	NOUN
framr-1721	28	43	in	in	ADP
framr-1721	28	44	private	private	ADJ
framr-1721	28	45	equity	equity	NOUN
framr-1721	28	46	firms	firm	NOUN
framr-1721	28	47	being	be	AUX
framr-1721	28	48	related	relate	VERB
framr-1721	28	49	to	to	PART
framr-1721	28	50	outcome	outcome	VERB
framr-1721	28	51	success	success	NOUN
framr-1721	28	52	(	(	PUNCT
framr-1721	28	53	kaplan	kaplan	PROPN
framr-1721	28	54	et	et	PROPN
framr-1721	28	55	al	al	PROPN
framr-1721	28	56	.	.	PROPN
framr-1721	28	57	,	,	PUNCT
framr-1721	28	58	2010	2010	NUM
framr-1721	28	59	)	)	PUNCT
framr-1721	28	60	.	.	PUNCT
framr-1721	29	1	in	in	ADP
framr-1721	29	2	this	this	DET
framr-1721	29	3	context	context	NOUN
framr-1721	29	4	,	,	PUNCT
framr-1721	29	5	research	research	NOUN
framr-1721	29	6	in	in	ADP
framr-1721	29	7	finance	finance	NOUN
framr-1721	29	8	,	,	PUNCT
framr-1721	29	9	both	both	CCONJ
framr-1721	29	10	theoretical	theoretical	ADJ
framr-1721	29	11	and	and	CCONJ
framr-1721	29	12	empirical	empirical	ADJ
framr-1721	29	13	have	have	AUX
framr-1721	29	14	focused	focus	VERB
framr-1721	29	15	on	on	ADP
framr-1721	29	16	the	the	DET
framr-1721	29	17	psychology	psychology	NOUN
framr-1721	29	18	of	of	ADP
framr-1721	29	19	leadership	leadership	NOUN
framr-1721	29	20	and	and	CCONJ
framr-1721	29	21	its	its	PRON
framr-1721	29	22	impact	impact	NOUN
framr-1721	29	23	on	on	ADP
framr-1721	29	24	the	the	DET
framr-1721	29	25	process	process	NOUN
framr-1721	29	26	of	of	ADP
framr-1721	29	27	decision	decision	NOUN
framr-1721	29	28	decisions	decision	NOUN
framr-1721	29	29	.	.	PUNCT
framr-1721	30	1	these	these	DET
framr-1721	30	2	studies	study	NOUN
framr-1721	30	3	have	have	AUX
framr-1721	30	4	contributed	contribute	VERB
framr-1721	30	5	to	to	ADP
framr-1721	30	6	the	the	DET
framr-1721	30	7	understanding	understanding	NOUN
framr-1721	30	8	or	or	CCONJ
framr-1721	30	9	even	even	ADV
framr-1721	30	10	explaining	explain	VERB
framr-1721	30	11	some	some	DET
framr-1721	30	12	decisions	decision	NOUN
framr-1721	30	13	by	by	ADP
framr-1721	30	14	behavioral	behavioral	ADJ
framr-1721	30	15	arguments	argument	NOUN
framr-1721	30	16	(	(	PUNCT
framr-1721	30	17	malmendier	malmendier	NOUN
framr-1721	30	18	and	and	CCONJ
framr-1721	30	19	tate	tate	NOUN
framr-1721	30	20	,	,	PUNCT
framr-1721	30	21	2005	2005	NUM
framr-1721	30	22	;	;	PUNCT
framr-1721	30	23	lin	lin	PROPN
framr-1721	30	24	et	et	PROPN
framr-1721	30	25	al	al	PROPN
framr-1721	30	26	.	.	PROPN
framr-1721	30	27	,	,	PUNCT
framr-1721	30	28	2007	2007	NUM
framr-1721	30	29	;	;	PUNCT
framr-1721	30	30	azouzi	azouzi	PROPN
framr-1721	30	31	and	and	CCONJ
framr-1721	30	32	jarboui	jarboui	PROPN
framr-1721	30	33	,	,	PUNCT
framr-1721	30	34	2012	2012	NUM
framr-1721	30	35	)	)	PUNCT
framr-1721	30	36	.	.	PUNCT
framr-1721	31	1	malmendier	malmendier	NOUN
framr-1721	31	2	and	and	CCONJ
framr-1721	31	3	tate	tate	NOUN
framr-1721	31	4	(	(	PUNCT
framr-1721	31	5	2005	2005	NUM
framr-1721	31	6	)	)	PUNCT
framr-1721	31	7	find	find	VERB
framr-1721	31	8	that	that	SCONJ
framr-1721	31	9	ceos	ceo	NOUN
framr-1721	31	10	who	who	PRON
framr-1721	31	11	are	be	AUX
framr-1721	31	12	optimistic	optimistic	ADJ
framr-1721	31	13	regarding	regard	VERB
framr-1721	31	14	their	their	PRON
framr-1721	31	15	firm	firm	NOUN
framr-1721	31	16	’s	’s	PART
framr-1721	31	17	future	future	ADJ
framr-1721	31	18	performance	performance	NOUN
framr-1721	31	19	have	have	VERB
framr-1721	31	20	greater	great	ADJ
framr-1721	31	21	sensitivity	sensitivity	NOUN
framr-1721	31	22	to	to	PART
framr-1721	31	23	investment	investment	NOUN
framr-1721	31	24	cash	cash	NOUN
framr-1721	31	25	flow	flow	NOUN
framr-1721	31	26	leading	lead	VERB
framr-1721	31	27	to	to	ADP
framr-1721	31	28	distortions	distortion	NOUN
framr-1721	31	29	in	in	ADP
framr-1721	31	30	investment	investment	NOUN
framr-1721	31	31	.	.	PUNCT
framr-1721	32	1	also	also	ADV
framr-1721	32	2	,	,	PUNCT
framr-1721	32	3	lin	lin	PROPN
framr-1721	32	4	et	et	PROPN
framr-1721	32	5	al	al	PROPN
framr-1721	32	6	.	.	PROPN
framr-1721	33	1	(	(	PUNCT
framr-1721	33	2	2007	2007	NUM
framr-1721	33	3	)	)	PUNCT
framr-1721	33	4	show	show	NOUN
framr-1721	33	5	in	in	ADP
framr-1721	33	6	more	more	ADJ
framr-1721	33	7	financing	financing	NOUN
framr-1721	33	8	constrained	constrained	ADJ
framr-1721	33	9	firms	firm	NOUN
framr-1721	33	10	,	,	PUNCT
framr-1721	33	11	optimistic	optimistic	ADJ
framr-1721	33	12	managers	manager	NOUN
framr-1721	33	13	exhibit	exhibit	VERB
framr-1721	33	14	higher	high	ADJ
framr-1721	33	15	investment	investment	NOUN
framr-1721	33	16	cash	cash	NOUN
framr-1721	33	17	flow	flow	NOUN
framr-1721	33	18	sensitivity	sensitivity	NOUN
framr-1721	33	19	than	than	SCONJ
framr-1721	33	20	do	do	VERB
framr-1721	33	21	non	non	ADJ
framr-1721	33	22	-	-	ADJ
framr-1721	33	23	optimistic	optimistic	ADJ
framr-1721	33	24	managers	manager	NOUN
framr-1721	33	25	.	.	PUNCT
framr-1721	34	1	bison	bison	NOUN
framr-1721	34	2	by	by	ADP
framr-1721	34	3	these	these	DET
framr-1721	34	4	studies	study	NOUN
framr-1721	34	5	,	,	PUNCT
framr-1721	34	6	on	on	ADP
framr-1721	34	7	our	our	PRON
framr-1721	34	8	article	article	NOUN
framr-1721	34	9	examines	examine	VERB
framr-1721	34	10	the	the	DET
framr-1721	34	11	possible	possible	ADJ
framr-1721	34	12	influence	influence	NOUN
framr-1721	34	13	of	of	ADP
framr-1721	34	14	three	three	NUM
framr-1721	34	15	closely	closely	ADV
framr-1721	34	16	related	relate	VERB
framr-1721	34	17	emotional	emotional	ADJ
framr-1721	34	18	biases	bias	NOUN
framr-1721	34	19	,	,	PUNCT
framr-1721	34	20	which	which	PRON
framr-1721	34	21	are	be	AUX
framr-1721	34	22	extensively	extensively	ADV
framr-1721	34	23	documented	document	VERB
framr-1721	34	24	in	in	ADP
framr-1721	34	25	behavioral	behavioral	ADJ
framr-1721	34	26	research	research	NOUN
framr-1721	34	27	,	,	PUNCT
framr-1721	34	28	loss	loss	NOUN
framr-1721	34	29	aversion	aversion	NOUN
framr-1721	34	30	,	,	PUNCT
framr-1721	34	31	optimism	optimism	NOUN
framr-1721	34	32	and	and	CCONJ
framr-1721	34	33	overconfidence	overconfidence	NOUN
framr-1721	34	34	,	,	PUNCT
framr-1721	34	35	on	on	ADP
framr-1721	34	36	a	a	DET
framr-1721	34	37	firm	firm	NOUN
framr-1721	34	38	’s	’s	PART
framr-1721	34	39	debt	debt	NOUN
framr-1721	34	40	characteristics	characteristic	NOUN
framr-1721	34	41	’	'	PUNCT
framr-1721	34	42	choice	choice	NOUN
framr-1721	34	43	.	.	PUNCT
framr-1721	35	1	more	more	ADV
framr-1721	35	2	specifically	specifically	ADV
framr-1721	35	3	,	,	PUNCT
framr-1721	35	4	it	it	PRON
framr-1721	35	5	examines	examine	VERB
framr-1721	35	6	the	the	DET
framr-1721	35	7	links	link	NOUN
framr-1721	35	8	between	between	ADP
framr-1721	35	9	emotional	emotional	ADJ
framr-1721	35	10	biases	bias	NOUN
framr-1721	35	11	and	and	CCONJ
framr-1721	35	12	firm	firm	ADJ
framr-1721	35	13	debt	debt	NOUN
framr-1721	35	14	maturity	maturity	NOUN
framr-1721	35	15	preference	preference	NOUN
framr-1721	35	16	.	.	PUNCT
framr-1721	36	1	2	2	X
framr-1721	36	2	.	.	X
framr-1721	36	3	hypothesis	hypothesis	NOUN
framr-1721	36	4	development	development	NOUN
framr-1721	36	5	research	research	NOUN
framr-1721	36	6	related	relate	VERB
framr-1721	36	7	to	to	ADP
framr-1721	36	8	ceo	ceo	NOUN
framr-1721	36	9	financing	financing	NOUN
framr-1721	36	10	choices	choice	NOUN
framr-1721	36	11	have	have	AUX
framr-1721	36	12	focused	focus	VERB
framr-1721	36	13	on	on	ADP
framr-1721	36	14	the	the	DET
framr-1721	36	15	debt	debt	NOUN
framr-1721	36	16	level	level	NOUN
framr-1721	36	17	of	of	ADP
framr-1721	36	18	analysis	analysis	NOUN
framr-1721	36	19	and	and	CCONJ
framr-1721	36	20	that	that	SCONJ
framr-1721	36	21	all	all	DET
framr-1721	36	22	debt	debt	NOUN
framr-1721	36	23	is	be	AUX
framr-1721	36	24	homogeneous	homogeneous	ADJ
framr-1721	36	25	(	(	PUNCT
framr-1721	36	26	harris	harris	PROPN
framr-1721	36	27	and	and	CCONJ
framr-1721	36	28	raviv	raviv	PROPN
framr-1721	36	29	(	(	PUNCT
framr-1721	36	30	1991	1991	NUM
framr-1721	36	31	)	)	PUNCT
framr-1721	36	32	)	)	PUNCT
framr-1721	36	33	.	.	PUNCT
framr-1721	37	1	however	however	ADV
framr-1721	37	2	,	,	PUNCT
framr-1721	37	3	as	as	ADP
framr-1721	37	4	part	part	NOUN
framr-1721	37	5	of	of	ADP
framr-1721	37	6	a	a	DET
framr-1721	37	7	credit	credit	NOUN
framr-1721	37	8	report	report	NOUN
framr-1721	37	9	,	,	PUNCT
framr-1721	37	10	companies	company	NOUN
framr-1721	37	11	are	be	AUX
framr-1721	37	12	able	able	ADJ
framr-1721	37	13	to	to	PART
framr-1721	37	14	set	set	VERB
framr-1721	37	15	their	their	PRON
framr-1721	37	16	preferences	preference	NOUN
framr-1721	37	17	regarding	regard	VERB
framr-1721	37	18	debt	debt	NOUN
framr-1721	37	19	maturity	maturity	NOUN
framr-1721	37	20	,	,	PUNCT
framr-1721	37	21	level	level	NOUN
framr-1721	37	22	and	and	CCONJ
framr-1721	37	23	nature	nature	NOUN
framr-1721	37	24	.	.	PUNCT
framr-1721	38	1	it	it	PRON
framr-1721	38	2	is	be	AUX
framr-1721	38	3	not	not	PART
framr-1721	38	4	yet	yet	ADV
framr-1721	38	5	well	well	ADV
framr-1721	38	6	understood	understand	VERB
framr-1721	38	7	to	to	ADP
framr-1721	38	8	what	what	DET
framr-1721	38	9	extent	extent	NOUN
framr-1721	38	10	firms	firm	NOUN
framr-1721	38	11	manage	manage	VERB
framr-1721	38	12	the	the	DET
framr-1721	38	13	rollover	rollover	NOUN
framr-1721	38	14	dates	date	NOUN
framr-1721	38	15	of	of	ADP
framr-1721	38	16	their	their	PRON
framr-1721	38	17	bonds	bond	NOUN
framr-1721	38	18	by	by	ADP
framr-1721	38	19	spreading	spread	VERB
framr-1721	38	20	out	out	ADP
framr-1721	38	21	maturities	maturity	NOUN
framr-1721	38	22	.	.	PUNCT
framr-1721	39	1	fixed	fix	VERB
framr-1721	39	2	cost	cost	NOUN
framr-1721	39	3	components	component	NOUN
framr-1721	39	4	of	of	ADP
framr-1721	39	5	bond	bond	NOUN
framr-1721	39	6	issues	issue	NOUN
framr-1721	39	7	and	and	CCONJ
framr-1721	39	8	secondary	secondary	ADJ
framr-1721	39	9	market	market	NOUN
framr-1721	39	10	liquidity	liquidity	NOUN
framr-1721	39	11	considerations	consideration	NOUN
framr-1721	39	12	should	should	AUX
framr-1721	39	13	motivate	motivate	VERB
framr-1721	39	14	firms	firm	NOUN
framr-1721	39	15	to	to	PART
framr-1721	39	16	concentrate	concentrate	VERB
framr-1721	39	17	their	their	PRON
framr-1721	39	18	debt	debt	NOUN
framr-1721	39	19	in	in	ADP
framr-1721	39	20	a	a	DET
framr-1721	39	21	single	single	ADJ
framr-1721	39	22	or	or	CCONJ
framr-1721	39	23	few	few	ADJ
framr-1721	39	24	issues	issue	NOUN
framr-1721	39	25	.	.	PUNCT
framr-1721	40	1	financial	financial	ADJ
framr-1721	40	2	risk	risk	NOUN
framr-1721	40	3	and	and	CCONJ
framr-1721	40	4	management	management	NOUN
framr-1721	40	5	reviews	review	NOUN
framr-1721	40	6	,	,	PUNCT
framr-1721	40	7	2016	2016	NUM
framr-1721	40	8	,	,	PUNCT
framr-1721	40	9	2(1	2(1	NUM
framr-1721	40	10	):	):	PUNCT
framr-1721	40	11	1	1	NUM
framr-1721	40	12	-	-	SYM
framr-1721	40	13	25	25	NUM
framr-1721	40	14	3	3	NUM
framr-1721	40	15	©	©	PROPN
framr-1721	40	16	2016	2016	NUM
framr-1721	40	17	conscientia	conscientia	PROPN
framr-1721	40	18	beam	beam	PROPN
framr-1721	40	19	.	.	PUNCT
framr-1721	41	1	all	all	DET
framr-1721	41	2	rights	right	NOUN
framr-1721	41	3	reserved	reserve	VERB
framr-1721	41	4	.	.	PUNCT
framr-1721	42	1	static	static	ADJ
framr-1721	42	2	trade	trade	NOUN
framr-1721	42	3	-	-	PUNCT
framr-1721	42	4	off	off	ADP
framr-1721	42	5	theory	theory	NOUN
framr-1721	42	6	(	(	PUNCT
framr-1721	42	7	stt	stt	PROPN
framr-1721	42	8	)	)	PUNCT
framr-1721	42	9	and	and	CCONJ
framr-1721	42	10	pecking	pecking	NOUN
framr-1721	42	11	order	order	NOUN
framr-1721	42	12	theory	theory	NOUN
framr-1721	42	13	(	(	PUNCT
framr-1721	42	14	pot	pot	NOUN
framr-1721	42	15	)	)	PUNCT
framr-1721	42	16	is	be	AUX
framr-1721	42	17	the	the	DET
framr-1721	42	18	body	body	NOUN
framr-1721	42	19	of	of	ADP
framr-1721	42	20	theory	theory	NOUN
framr-1721	42	21	of	of	ADP
framr-1721	42	22	reference	reference	NOUN
framr-1721	42	23	that	that	PRON
framr-1721	42	24	addressed	address	VERB
framr-1721	42	25	the	the	DET
framr-1721	42	26	issue	issue	NOUN
framr-1721	42	27	of	of	ADP
framr-1721	42	28	the	the	DET
framr-1721	42	29	firm	firm	ADJ
framr-1721	42	30	financial	financial	ADJ
framr-1721	42	31	structure	structure	NOUN
framr-1721	42	32	choice	choice	NOUN
framr-1721	42	33	(	(	PUNCT
framr-1721	42	34	ross	ross	PROPN
framr-1721	42	35	,	,	PUNCT
framr-1721	42	36	1977	1977	NUM
framr-1721	42	37	;	;	PUNCT
framr-1721	42	38	jalilvand	jalilvand	PROPN
framr-1721	42	39	and	and	CCONJ
framr-1721	42	40	harris	harris	PROPN
framr-1721	42	41	,	,	PUNCT
framr-1721	42	42	1984	1984	NUM
framr-1721	42	43	;	;	PUNCT
framr-1721	42	44	myers	myer	NOUN
framr-1721	42	45	,	,	PUNCT
framr-1721	42	46	1984	1984	NUM
framr-1721	42	47	;	;	PUNCT
framr-1721	42	48	stulz	stulz	ADJ
framr-1721	42	49	,	,	PUNCT
framr-1721	42	50	1990	1990	NUM
framr-1721	42	51	;	;	PUNCT
framr-1721	42	52	titman	titman	NOUN
framr-1721	42	53	and	and	CCONJ
framr-1721	42	54	wessels	wessels	PROPN
framr-1721	42	55	,	,	PUNCT
framr-1721	42	56	1998	1998	NUM
framr-1721	42	57	;	;	PUNCT
framr-1721	42	58	graham	graham	PROPN
framr-1721	42	59	,	,	PUNCT
framr-1721	42	60	2000	2000	NUM
framr-1721	42	61	;	;	PUNCT
framr-1721	42	62	booth	booth	NOUN
framr-1721	42	63	et	et	PROPN
framr-1721	42	64	al	al	PROPN
framr-1721	42	65	.	.	PROPN
framr-1721	42	66	,	,	PUNCT
framr-1721	42	67	2001	2001	NUM
framr-1721	42	68	;	;	PUNCT
framr-1721	42	69	azouzi	azouzi	PROPN
framr-1721	42	70	and	and	CCONJ
framr-1721	42	71	jarboui	jarboui	PROPN
framr-1721	42	72	,	,	PUNCT
framr-1721	42	73	2012	2012	NUM
framr-1721	42	74	)	)	PUNCT
framr-1721	42	75	.	.	PUNCT
framr-1721	43	1	these	these	DET
framr-1721	43	2	approaches	approach	NOUN
framr-1721	43	3	argue	argue	VERB
framr-1721	43	4	that	that	SCONJ
framr-1721	43	5	firms	firm	NOUN
framr-1721	43	6	tend	tend	VERB
framr-1721	43	7	to	to	PART
framr-1721	43	8	choose	choose	VERB
framr-1721	43	9	between	between	ADP
framr-1721	43	10	financial	financial	ADJ
framr-1721	43	11	methods	method	NOUN
framr-1721	43	12	based	base	VERB
framr-1721	43	13	on	on	ADP
framr-1721	43	14	agency	agency	NOUN
framr-1721	43	15	costs	cost	NOUN
framr-1721	43	16	(	(	PUNCT
framr-1721	43	17	stt	stt	PROPN
framr-1721	43	18	)	)	PUNCT
framr-1721	43	19	and	and	CCONJ
framr-1721	43	20	/	/	SYM
framr-1721	43	21	or	or	CCONJ
framr-1721	43	22	asymmetric	asymmetric	ADJ
framr-1721	43	23	information	information	NOUN
framr-1721	43	24	(	(	PUNCT
framr-1721	43	25	pot	pot	NOUN
framr-1721	43	26	)	)	PUNCT
framr-1721	43	27	between	between	ADP
framr-1721	43	28	leadershareholders	leadershareholder	NOUN
framr-1721	43	29	and	and	CCONJ
framr-1721	43	30	creditors	creditor	NOUN
framr-1721	43	31	(	(	PUNCT
framr-1721	43	32	myers	myer	NOUN
framr-1721	43	33	and	and	CCONJ
framr-1721	43	34	majluf	majluf	NOUN
framr-1721	43	35	,	,	PUNCT
framr-1721	43	36	1984	1984	NUM
framr-1721	43	37	;	;	PUNCT
framr-1721	43	38	myers	myer	NOUN
framr-1721	43	39	,	,	PUNCT
framr-1721	43	40	1984	1984	NUM
framr-1721	43	41	;	;	PUNCT
framr-1721	43	42	fama	fama	PROPN
framr-1721	43	43	and	and	CCONJ
framr-1721	43	44	french	french	NOUN
framr-1721	43	45	,	,	PUNCT
framr-1721	43	46	2002	2002	NUM
framr-1721	43	47	;	;	PUNCT
framr-1721	44	1	bushman	bushman	PROPN
framr-1721	44	2	et	et	PROPN
framr-1721	44	3	al	al	PROPN
framr-1721	44	4	.	.	PROPN
framr-1721	44	5	,	,	PUNCT
framr-1721	44	6	2004	2004	NUM
framr-1721	44	7	;	;	PUNCT
framr-1721	44	8	antoniou	antoniou	PROPN
framr-1721	44	9	et	et	PROPN
framr-1721	44	10	al	al	PROPN
framr-1721	44	11	.	.	PROPN
framr-1721	44	12	,	,	PUNCT
framr-1721	44	13	2007	2007	NUM
framr-1721	44	14	;	;	PUNCT
framr-1721	44	15	frank	frank	PROPN
framr-1721	44	16	and	and	CCONJ
framr-1721	44	17	goyal	goyal	PROPN
framr-1721	44	18	,	,	PUNCT
framr-1721	44	19	2007	2007	NUM
framr-1721	44	20	;	;	PUNCT
framr-1721	44	21	huang	huang	PROPN
framr-1721	44	22	and	and	CCONJ
framr-1721	44	23	ritter	ritter	PROPN
framr-1721	44	24	,	,	PUNCT
framr-1721	44	25	2009	2009	NUM
framr-1721	44	26	;	;	PUNCT
framr-1721	44	27	graham	graham	PROPN
framr-1721	44	28	et	et	PROPN
framr-1721	44	29	al	al	PROPN
framr-1721	44	30	.	.	PROPN
framr-1721	44	31	,	,	PUNCT
framr-1721	44	32	2013	2013	NUM
framr-1721	44	33	)	)	PUNCT
framr-1721	44	34	.	.	PUNCT
framr-1721	45	1	thus	thus	ADV
framr-1721	45	2	,	,	PUNCT
framr-1721	45	3	the	the	DET
framr-1721	45	4	choice	choice	NOUN
framr-1721	45	5	of	of	ADP
framr-1721	45	6	debt	debt	NOUN
framr-1721	45	7	maturity	maturity	NOUN
framr-1721	45	8	is	be	AUX
framr-1721	45	9	explained	explain	VERB
framr-1721	45	10	by	by	ADP
framr-1721	45	11	the	the	DET
framr-1721	45	12	costs	cost	NOUN
framr-1721	45	13	of	of	ADP
framr-1721	45	14	agency	agency	NOUN
framr-1721	45	15	debt	debt	NOUN
framr-1721	45	16	in	in	ADP
framr-1721	45	17	the	the	DET
framr-1721	45	18	long	long	ADJ
framr-1721	45	19	term	term	NOUN
framr-1721	45	20	,	,	PUNCT
framr-1721	45	21	by	by	ADP
framr-1721	45	22	choosing	choose	VERB
framr-1721	45	23	a	a	DET
framr-1721	45	24	reported	report	VERB
framr-1721	45	25	debt	debt	NOUN
framr-1721	45	26	in	in	ADP
framr-1721	45	27	the	the	DET
framr-1721	45	28	short	short	ADJ
framr-1721	45	29	term	term	NOUN
framr-1721	45	30	,	,	PUNCT
framr-1721	45	31	the	the	DET
framr-1721	45	32	share	share	NOUN
framr-1721	45	33	leader	leader	NOUN
framr-1721	45	34	in	in	ADP
framr-1721	45	35	the	the	DET
framr-1721	45	36	capital	capital	NOUN
framr-1721	45	37	and	and	CCONJ
framr-1721	45	38	the	the	DET
framr-1721	45	39	duration	duration	NOUN
framr-1721	45	40	its	its	PRON
framr-1721	45	41	place	place	NOUN
framr-1721	45	42	the	the	DET
framr-1721	45	43	head	head	NOUN
framr-1721	45	44	of	of	ADP
framr-1721	45	45	his	his	PRON
framr-1721	45	46	company	company	NOUN
framr-1721	45	47	.	.	PUNCT
framr-1721	46	1	however	however	ADV
framr-1721	46	2	,	,	PUNCT
framr-1721	46	3	even	even	ADV
framr-1721	46	4	non	non	ADJ
framr-1721	46	5	-	-	ADJ
framr-1721	46	6	financial	financial	ADJ
framr-1721	46	7	firms	firm	NOUN
framr-1721	46	8	frequently	frequently	ADV
framr-1721	46	9	have	have	VERB
framr-1721	46	10	several	several	ADJ
framr-1721	46	11	bonds	bond	NOUN
framr-1721	46	12	outstanding	outstanding	ADJ
framr-1721	46	13	,	,	PUNCT
framr-1721	46	14	with	with	ADP
framr-1721	46	15	different	different	ADJ
framr-1721	46	16	times	time	NOUN
framr-1721	46	17	to	to	ADP
framr-1721	46	18	maturity	maturity	NOUN
framr-1721	46	19	.	.	PUNCT
framr-1721	47	1	however	however	ADV
framr-1721	47	2	,	,	PUNCT
framr-1721	47	3	despite	despite	SCONJ
framr-1721	47	4	the	the	DET
framr-1721	47	5	contributions	contribution	NOUN
framr-1721	47	6	of	of	ADP
framr-1721	47	7	these	these	DET
framr-1721	47	8	approaches	approach	NOUN
framr-1721	47	9	in	in	ADP
framr-1721	47	10	the	the	DET
framr-1721	47	11	analysis	analysis	NOUN
framr-1721	47	12	of	of	ADP
framr-1721	47	13	financial	financial	ADJ
framr-1721	47	14	policy	policy	NOUN
framr-1721	47	15	corporate	corporate	ADJ
framr-1721	47	16	several	several	ADJ
framr-1721	47	17	decisions	decision	NOUN
framr-1721	47	18	remain	remain	VERB
framr-1721	47	19	misunderstood	misunderstood	ADJ
framr-1721	47	20	.	.	PUNCT
framr-1721	48	1	in	in	ADP
framr-1721	48	2	this	this	DET
framr-1721	48	3	sense	sense	NOUN
framr-1721	48	4	,	,	PUNCT
framr-1721	48	5	several	several	ADJ
framr-1721	48	6	authors	author	NOUN
framr-1721	48	7	have	have	AUX
framr-1721	48	8	updated	update	VERB
framr-1721	48	9	the	the	DET
framr-1721	48	10	old	old	ADJ
framr-1721	48	11	idea	idea	NOUN
framr-1721	48	12	that	that	SCONJ
framr-1721	48	13	emotions	emotion	NOUN
framr-1721	48	14	have	have	AUX
framr-1721	48	15	an	an	DET
framr-1721	48	16	adaptive	adaptive	ADJ
framr-1721	48	17	role	role	NOUN
framr-1721	48	18	.	.	PUNCT
framr-1721	49	1	emotions	emotion	NOUN
framr-1721	49	2	are	be	AUX
framr-1721	49	3	necessary	necessary	ADJ
framr-1721	49	4	for	for	ADP
framr-1721	49	5	the	the	DET
framr-1721	49	6	operation	operation	NOUN
framr-1721	49	7	of	of	ADP
framr-1721	49	8	many	many	ADJ
framr-1721	49	9	of	of	ADP
framr-1721	49	10	our	our	PRON
framr-1721	49	11	faculties	faculty	NOUN
framr-1721	49	12	,	,	PUNCT
framr-1721	49	13	such	such	ADJ
framr-1721	49	14	as	as	ADP
framr-1721	49	15	memory	memory	NOUN
framr-1721	49	16	,	,	PUNCT
framr-1721	49	17	reasoning	reasoning	NOUN
framr-1721	49	18	,	,	PUNCT
framr-1721	49	19	decision	decision	NOUN
framr-1721	49	20	making	making	NOUN
framr-1721	49	21	or	or	CCONJ
framr-1721	49	22	social	social	ADJ
framr-1721	49	23	adjustment	adjustment	NOUN
framr-1721	49	24	.	.	PUNCT
framr-1721	50	1	only	only	ADV
framr-1721	50	2	recently	recently	ADV
framr-1721	50	3	has	have	VERB
framr-1721	50	4	a	a	DET
framr-1721	50	5	smaller	small	ADJ
framr-1721	50	6	number	number	NOUN
framr-1721	50	7	of	of	ADP
framr-1721	50	8	analyses	analysis	NOUN
framr-1721	50	9	emerged	emerge	VERB
framr-1721	50	10	focusing	focus	VERB
framr-1721	50	11	the	the	DET
framr-1721	50	12	leader	leader	NOUN
framr-1721	50	13	cognitive	cognitive	ADJ
framr-1721	50	14	biases	bias	NOUN
framr-1721	50	15	themselves	themselves	PRON
framr-1721	50	16	and	and	CCONJ
framr-1721	50	17	trying	try	VERB
framr-1721	50	18	to	to	PART
framr-1721	50	19	understand	understand	VERB
framr-1721	50	20	how	how	SCONJ
framr-1721	50	21	they	they	PRON
framr-1721	50	22	can	can	AUX
framr-1721	50	23	affect	affect	VERB
framr-1721	50	24	their	their	PRON
framr-1721	50	25	investment	investment	NOUN
framr-1721	50	26	and	and	CCONJ
framr-1721	50	27	financing	financing	NOUN
framr-1721	50	28	decisions	decision	NOUN
framr-1721	50	29	(	(	PUNCT
framr-1721	50	30	hawkins	hawkin	NOUN
framr-1721	50	31	et	et	NOUN
framr-1721	50	32	al	al	PROPN
framr-1721	50	33	.	.	PROPN
framr-1721	50	34	,	,	PUNCT
framr-1721	50	35	2001	2001	NUM
framr-1721	50	36	;	;	PUNCT
framr-1721	50	37	baker	baker	PROPN
framr-1721	50	38	et	et	PROPN
framr-1721	50	39	al	al	PROPN
framr-1721	50	40	.	.	PROPN
framr-1721	50	41	,	,	PUNCT
framr-1721	50	42	2004	2004	NUM
framr-1721	50	43	;	;	PUNCT
framr-1721	50	44	hackbarth	hackbarth	NOUN
framr-1721	50	45	,	,	PUNCT
framr-1721	50	46	2009	2009	NUM
framr-1721	50	47	;	;	PUNCT
framr-1721	50	48	ho	ho	PROPN
framr-1721	50	49	and	and	CCONJ
framr-1721	50	50	chang	chang	PROPN
framr-1721	50	51	,	,	PUNCT
framr-1721	50	52	2009	2009	NUM
framr-1721	50	53	;	;	PUNCT
framr-1721	50	54	malmendier	malmendier	NOUN
framr-1721	50	55	et	et	PROPN
framr-1721	50	56	al	al	PROPN
framr-1721	50	57	.	.	PROPN
framr-1721	50	58	,	,	PUNCT
framr-1721	50	59	2010	2010	NUM
framr-1721	50	60	;	;	PUNCT
framr-1721	50	61	azouzi	azouzi	PROPN
framr-1721	50	62	and	and	CCONJ
framr-1721	50	63	jarboui	jarboui	PROPN
framr-1721	50	64	,	,	PUNCT
framr-1721	50	65	2012	2012	NUM
framr-1721	50	66	)	)	PUNCT
framr-1721	50	67	.	.	PUNCT
framr-1721	51	1	we	we	PRON
framr-1721	51	2	investigate	investigate	VERB
framr-1721	51	3	the	the	DET
framr-1721	51	4	influence	influence	NOUN
framr-1721	51	5	of	of	ADP
framr-1721	51	6	managerial	managerial	ADJ
framr-1721	51	7	bias	bias	NOUN
framr-1721	51	8	(	(	PUNCT
framr-1721	51	9	loss	loss	NOUN
framr-1721	51	10	aversion	aversion	NOUN
framr-1721	51	11	,	,	PUNCT
framr-1721	51	12	optimism	optimism	NOUN
framr-1721	51	13	and	and	CCONJ
framr-1721	51	14	overconfidence	overconfidence	NOUN
framr-1721	51	15	)	)	PUNCT
framr-1721	51	16	about	about	ADP
framr-1721	51	17	corporate	corporate	ADJ
framr-1721	51	18	debt	debt	NOUN
framr-1721	51	19	maturity	maturity	NOUN
framr-1721	51	20	choice	choice	NOUN
framr-1721	51	21	.	.	PUNCT
framr-1721	52	1	2.1	2.1	NUM
framr-1721	52	2	.	.	PUNCT
framr-1721	52	3	optimism	optimism	NOUN
framr-1721	52	4	and	and	CCONJ
framr-1721	52	5	debt	debt	NOUN
framr-1721	52	6	maturity	maturity	NOUN
framr-1721	52	7	ceo	ceo	NOUN
framr-1721	52	8	optimism	optimism	NOUN
framr-1721	52	9	and	and	CCONJ
framr-1721	52	10	overconfidence	overconfidence	NOUN
framr-1721	52	11	have	have	AUX
framr-1721	52	12	been	be	AUX
framr-1721	52	13	shown	show	VERB
framr-1721	52	14	theoretically	theoretically	ADV
framr-1721	52	15	and	and	CCONJ
framr-1721	52	16	empirically	empirically	ADV
framr-1721	52	17	to	to	PART
framr-1721	52	18	explain	explain	VERB
framr-1721	52	19	important	important	ADJ
framr-1721	52	20	corporate	corporate	ADJ
framr-1721	52	21	decisions	decision	NOUN
framr-1721	52	22	,	,	PUNCT
framr-1721	52	23	including	include	VERB
framr-1721	52	24	investment	investment	NOUN
framr-1721	52	25	,	,	PUNCT
framr-1721	52	26	financing	financing	NOUN
framr-1721	52	27	,	,	PUNCT
framr-1721	52	28	and	and	CCONJ
framr-1721	52	29	dividends	dividend	NOUN
framr-1721	52	30	(	(	PUNCT
framr-1721	52	31	bernardo	bernardo	NOUN
framr-1721	52	32	and	and	CCONJ
framr-1721	52	33	welch	welch	PROPN
framr-1721	52	34	,	,	PUNCT
framr-1721	52	35	2001	2001	NUM
framr-1721	52	36	;	;	PUNCT
framr-1721	52	37	heaton	heaton	PROPN
framr-1721	52	38	,	,	PUNCT
framr-1721	52	39	2002	2002	NUM
framr-1721	52	40	;	;	PUNCT
framr-1721	52	41	goel	goel	PROPN
framr-1721	52	42	and	and	CCONJ
framr-1721	52	43	thakor	thakor	PROPN
framr-1721	52	44	,	,	PUNCT
framr-1721	52	45	2008	2008	NUM
framr-1721	52	46	;	;	PUNCT
framr-1721	52	47	hackbarth	hackbarth	NOUN
framr-1721	52	48	,	,	PUNCT
framr-1721	52	49	2009	2009	NUM
framr-1721	52	50	;	;	PUNCT
framr-1721	52	51	ho	ho	PROPN
framr-1721	52	52	and	and	CCONJ
framr-1721	52	53	chang	chang	PROPN
framr-1721	52	54	,	,	PUNCT
framr-1721	52	55	2009	2009	NUM
framr-1721	52	56	;	;	PUNCT
framr-1721	52	57	malmendier	malmendier	NOUN
framr-1721	52	58	et	et	PROPN
framr-1721	52	59	al	al	PROPN
framr-1721	52	60	.	.	PROPN
framr-1721	52	61	,	,	PUNCT
framr-1721	52	62	2010	2010	NUM
framr-1721	52	63	;	;	PUNCT
framr-1721	52	64	azouzi	azouzi	PROPN
framr-1721	52	65	and	and	CCONJ
framr-1721	52	66	jarboui	jarboui	PROPN
framr-1721	52	67	,	,	PUNCT
framr-1721	52	68	2012	2012	NUM
framr-1721	52	69	)	)	PUNCT
framr-1721	52	70	.	.	PUNCT
framr-1721	53	1	hackbarth	hackbarth	NOUN
framr-1721	53	2	(	(	PUNCT
framr-1721	53	3	2009	2009	NUM
framr-1721	53	4	)	)	PUNCT
framr-1721	53	5	argue	argue	VERB
framr-1721	53	6	that	that	SCONJ
framr-1721	53	7	managers	manager	NOUN
framr-1721	53	8	are	be	AUX
framr-1721	53	9	optimistic	optimistic	ADJ
framr-1721	53	10	more	more	ADV
framr-1721	53	11	likely	likely	ADJ
framr-1721	53	12	to	to	PART
framr-1721	53	13	excel	excel	VERB
framr-1721	53	14	in	in	ADP
framr-1721	53	15	tournaments	tournament	NOUN
framr-1721	53	16	and	and	CCONJ
framr-1721	53	17	can	can	AUX
framr-1721	53	18	be	be	AUX
framr-1721	53	19	promoted	promote	VERB
framr-1721	53	20	to	to	ADP
framr-1721	53	21	senior	senior	ADJ
framr-1721	53	22	positions	position	NOUN
framr-1721	53	23	.	.	PUNCT
framr-1721	54	1	this	this	DET
framr-1721	54	2	leader	leader	NOUN
framr-1721	54	3	optimistic	optimistic	ADJ
framr-1721	54	4	with	with	ADP
framr-1721	54	5	its	its	PRON
framr-1721	54	6	firm	firm	ADJ
framr-1721	54	7	growth	growth	NOUN
framr-1721	54	8	opportunities	opportunity	NOUN
framr-1721	54	9	uses	use	VERB
framr-1721	54	10	its	its	PRON
framr-1721	54	11	decisional	decisional	ADJ
framr-1721	54	12	leverage	leverage	NOUN
framr-1721	54	13	to	to	PART
framr-1721	54	14	improve	improve	VERB
framr-1721	54	15	its	its	PRON
framr-1721	54	16	reputation	reputation	NOUN
framr-1721	54	17	on	on	ADP
framr-1721	54	18	the	the	DET
framr-1721	54	19	labor	labor	NOUN
framr-1721	54	20	market	market	NOUN
framr-1721	54	21	.	.	PUNCT
framr-1721	55	1	he	he	PRON
framr-1721	55	2	opts	opt	VERB
framr-1721	55	3	for	for	ADP
framr-1721	55	4	long	long	ADJ
framr-1721	55	5	-	-	PUNCT
framr-1721	55	6	term	term	NOUN
framr-1721	55	7	debt	debt	NOUN
framr-1721	55	8	indicating	indicate	VERB
framr-1721	55	9	the	the	DET
framr-1721	55	10	convergence	convergence	NOUN
framr-1721	55	11	of	of	ADP
framr-1721	55	12	its	its	PRON
framr-1721	55	13	interests	interest	NOUN
framr-1721	55	14	with	with	ADP
framr-1721	55	15	those	those	PRON
framr-1721	55	16	of	of	ADP
framr-1721	55	17	shareholders	shareholder	NOUN
framr-1721	55	18	.	.	PUNCT
framr-1721	56	1	this	this	PRON
framr-1721	56	2	implies	imply	VERB
framr-1721	56	3	a	a	DET
framr-1721	56	4	positive	positive	ADJ
framr-1721	56	5	correlation	correlation	NOUN
framr-1721	56	6	between	between	ADP
framr-1721	56	7	ceo	ceo	NOUN
framr-1721	56	8	optimism	optimism	NOUN
framr-1721	56	9	level	level	NOUN
framr-1721	56	10	and	and	CCONJ
framr-1721	56	11	firm	firm	ADJ
framr-1721	56	12	long	long	ADJ
framr-1721	56	13	-	-	PUNCT
framr-1721	56	14	term	term	NOUN
framr-1721	56	15	debt	debt	NOUN
framr-1721	56	16	choice	choice	NOUN
framr-1721	56	17	.	.	PUNCT
framr-1721	57	1	menkhoff	menkhoff	NOUN
framr-1721	57	2	and	and	CCONJ
framr-1721	57	3	nikiforow	nikiforow	NOUN
framr-1721	57	4	(	(	PUNCT
framr-1721	57	5	2009	2009	NUM
framr-1721	57	6	)	)	PUNCT
framr-1721	57	7	show	show	VERB
framr-1721	57	8	that	that	SCONJ
framr-1721	57	9	the	the	DET
framr-1721	57	10	knowledge	knowledge	NOUN
framr-1721	57	11	of	of	ADP
framr-1721	57	12	behavioral	behavioral	ADJ
framr-1721	57	13	biases	bias	NOUN
framr-1721	57	14	changes	change	VERB
framr-1721	57	15	the	the	DET
framr-1721	57	16	way	way	NOUN
framr-1721	57	17	the	the	DET
framr-1721	57	18	managers	manager	NOUN
framr-1721	57	19	perceive	perceive	VERB
framr-1721	57	20	the	the	DET
framr-1721	57	21	markets	market	NOUN
framr-1721	57	22	,	,	PUNCT
framr-1721	57	23	but	but	CCONJ
framr-1721	57	24	not	not	PART
framr-1721	57	25	the	the	DET
framr-1721	57	26	way	way	NOUN
framr-1721	57	27	they	they	PRON
framr-1721	57	28	see	see	VERB
framr-1721	57	29	themselves	themselves	PRON
framr-1721	57	30	.	.	PUNCT
framr-1721	58	1	optimistic	optimistic	ADJ
framr-1721	58	2	leader	leader	NOUN
framr-1721	58	3	is	be	AUX
framr-1721	58	4	aware	aware	ADJ
framr-1721	58	5	that	that	SCONJ
framr-1721	58	6	his	his	PRON
framr-1721	58	7	company	company	NOUN
framr-1721	58	8	is	be	AUX
framr-1721	58	9	undervalued	undervalue	VERB
framr-1721	58	10	by	by	ADP
framr-1721	58	11	the	the	DET
framr-1721	58	12	market	market	NOUN
framr-1721	58	13	.	.	PUNCT
framr-1721	59	1	it	it	PRON
framr-1721	59	2	therefore	therefore	ADV
framr-1721	59	3	seeks	seek	VERB
framr-1721	59	4	to	to	PART
framr-1721	59	5	limit	limit	VERB
framr-1721	59	6	its	its	PRON
framr-1721	59	7	reliance	reliance	NOUN
framr-1721	59	8	on	on	ADP
framr-1721	59	9	external	external	ADJ
framr-1721	59	10	financing	financing	NOUN
framr-1721	59	11	modes	mode	NOUN
framr-1721	59	12	whose	whose	DET
framr-1721	59	13	debt	debt	NOUN
framr-1721	59	14	.	.	PUNCT
framr-1721	60	1	however	however	ADV
framr-1721	60	2	,	,	PUNCT
framr-1721	60	3	if	if	SCONJ
framr-1721	60	4	insufisance	insufisance	NOUN
framr-1721	60	5	internal	internal	ADJ
framr-1721	60	6	financing	financing	NOUN
framr-1721	60	7	mode	mode	NOUN
framr-1721	60	8	it	it	PRON
framr-1721	60	9	chose	choose	VERB
framr-1721	60	10	not	not	PART
framr-1721	60	11	risky	risky	ADJ
framr-1721	60	12	debt	debt	NOUN
framr-1721	60	13	(	(	PUNCT
framr-1721	60	14	short	short	ADJ
framr-1721	60	15	-	-	PUNCT
framr-1721	60	16	term	term	NOUN
framr-1721	60	17	)	)	PUNCT
framr-1721	60	18	first	first	ADV
framr-1721	60	19	then	then	ADV
framr-1721	60	20	risky	risky	ADJ
framr-1721	60	21	debt	debt	NOUN
framr-1721	60	22	(	(	PUNCT
framr-1721	60	23	long	long	ADJ
framr-1721	60	24	-	-	PUNCT
framr-1721	60	25	term	term	NOUN
framr-1721	60	26	debt	debt	NOUN
framr-1721	60	27	)	)	PUNCT
framr-1721	60	28	,	,	PUNCT
framr-1721	60	29	and	and	CCONJ
framr-1721	60	30	finally	finally	ADV
framr-1721	60	31	the	the	DET
framr-1721	60	32	capital	capital	NOUN
framr-1721	60	33	increase	increase	VERB
framr-1721	60	34	financial	financial	ADJ
framr-1721	60	35	risk	risk	NOUN
framr-1721	60	36	and	and	CCONJ
framr-1721	60	37	management	management	NOUN
framr-1721	60	38	reviews	review	NOUN
framr-1721	60	39	,	,	PUNCT
framr-1721	60	40	2016	2016	NUM
framr-1721	60	41	,	,	PUNCT
framr-1721	60	42	2(1	2(1	NUM
framr-1721	60	43	):	):	PUNCT
framr-1721	60	44	1	1	NUM
framr-1721	60	45	-	-	SYM
framr-1721	60	46	25	25	NUM
framr-1721	60	47	4	4	NUM
framr-1721	60	48	©	©	PROPN
framr-1721	60	49	2016	2016	NUM
framr-1721	60	50	conscientia	conscientia	PROPN
framr-1721	60	51	beam	beam	PROPN
framr-1721	60	52	.	.	PUNCT
framr-1721	61	1	all	all	DET
framr-1721	61	2	rights	right	NOUN
framr-1721	61	3	reserved	reserve	VERB
framr-1721	61	4	.	.	PUNCT
framr-1721	62	1	(	(	PUNCT
framr-1721	62	2	heaton	heaton	PROPN
framr-1721	62	3	,	,	PUNCT
framr-1721	62	4	2002	2002	NUM
framr-1721	62	5	;	;	PUNCT
framr-1721	62	6	malmendier	malmendier	NOUN
framr-1721	62	7	and	and	CCONJ
framr-1721	62	8	tate	tate	NOUN
framr-1721	62	9	,	,	PUNCT
framr-1721	62	10	2005	2005	NUM
framr-1721	62	11	)	)	PUNCT
framr-1721	62	12	.	.	PUNCT
framr-1721	63	1	this	this	PRON
framr-1721	63	2	implies	imply	VERB
framr-1721	63	3	that	that	SCONJ
framr-1721	63	4	the	the	DET
framr-1721	63	5	optimistic	optimistic	ADJ
framr-1721	63	6	manager	manager	NOUN
framr-1721	63	7	seeks	seek	VERB
framr-1721	63	8	to	to	PART
framr-1721	63	9	reduce	reduce	VERB
framr-1721	63	10	the	the	DET
framr-1721	63	11	debt	debt	NOUN
framr-1721	63	12	maturity	maturity	NOUN
framr-1721	63	13	.	.	PUNCT
framr-1721	64	1	malmendier	malmendier	NOUN
framr-1721	64	2	et	et	PROPN
framr-1721	64	3	al	al	PROPN
framr-1721	64	4	.	.	PROPN
framr-1721	65	1	(	(	PUNCT
framr-1721	65	2	2010	2010	NUM
framr-1721	65	3	)	)	PUNCT
framr-1721	65	4	also	also	ADV
framr-1721	65	5	show	show	VERB
framr-1721	65	6	that	that	SCONJ
framr-1721	65	7	leaders	leader	NOUN
framr-1721	65	8	optimistic	optimistic	ADJ
framr-1721	65	9	are	be	AUX
framr-1721	65	10	able	able	ADJ
framr-1721	65	11	to	to	PART
framr-1721	65	12	take	take	VERB
framr-1721	65	13	risky	risky	ADJ
framr-1721	65	14	decision	decision	NOUN
framr-1721	65	15	,	,	PUNCT
framr-1721	65	16	and	and	CCONJ
framr-1721	65	17	find	find	VERB
framr-1721	65	18	that	that	SCONJ
framr-1721	65	19	overconfident	overconfident	ADJ
framr-1721	65	20	ceos	ceos	NOUN
framr-1721	65	21	take	take	VERB
framr-1721	65	22	on	on	ADP
framr-1721	65	23	more	more	ADJ
framr-1721	65	24	debt	debt	NOUN
framr-1721	65	25	.	.	PUNCT
framr-1721	66	1	this	this	DET
framr-1721	66	2	optimistic	optimistic	ADJ
framr-1721	66	3	leader	leader	NOUN
framr-1721	66	4	underestimates	underestimate	VERB
framr-1721	66	5	its	its	PRON
framr-1721	66	6	firm	firm	ADJ
framr-1721	66	7	total	total	ADJ
framr-1721	66	8	risk	risk	NOUN
framr-1721	66	9	.	.	PUNCT
framr-1721	67	1	it	it	PRON
framr-1721	67	2	tends	tend	VERB
framr-1721	67	3	to	to	PART
framr-1721	67	4	preferred	prefer	VERB
framr-1721	67	5	of	of	ADP
framr-1721	67	6	long	long	ADJ
framr-1721	67	7	-	-	PUNCT
framr-1721	67	8	term	term	NOUN
framr-1721	67	9	debt	debt	NOUN
framr-1721	67	10	positively	positively	ADV
framr-1721	67	11	correlated	correlate	VERB
framr-1721	67	12	with	with	ADP
framr-1721	67	13	firm	firm	ADJ
framr-1721	67	14	value	value	NOUN
framr-1721	67	15	increase	increase	NOUN
framr-1721	67	16	.	.	PUNCT
framr-1721	68	1	the	the	DET
framr-1721	68	2	choice	choice	NOUN
framr-1721	68	3	of	of	ADP
framr-1721	68	4	debt	debt	NOUN
framr-1721	68	5	maturity	maturity	NOUN
framr-1721	68	6	level	level	NOUN
framr-1721	68	7	improves	improve	VERB
framr-1721	68	8	mutual	mutual	ADJ
framr-1721	68	9	trust	trust	NOUN
framr-1721	68	10	between	between	ADP
framr-1721	68	11	manager	manager	NOUN
framr-1721	68	12	and	and	CCONJ
framr-1721	68	13	shareholders	shareholder	NOUN
framr-1721	68	14	.	.	PUNCT
framr-1721	69	1	the	the	DET
framr-1721	69	2	establishment	establishment	NOUN
framr-1721	69	3	of	of	ADP
framr-1721	69	4	a	a	DET
framr-1721	69	5	trust	trust	NOUN
framr-1721	69	6	environment	environment	NOUN
framr-1721	69	7	increase	increase	NOUN
framr-1721	69	8	ceo	ceo	NOUN
framr-1721	69	9	freedom	freedom	NOUN
framr-1721	69	10	rate	rate	NOUN
framr-1721	69	11	and	and	CCONJ
framr-1721	69	12	enhances	enhance	VERB
framr-1721	69	13	its	its	PRON
framr-1721	69	14	reputation	reputation	NOUN
framr-1721	69	15	on	on	ADP
framr-1721	69	16	the	the	DET
framr-1721	69	17	labor	labor	NOUN
framr-1721	69	18	market	market	NOUN
framr-1721	69	19	.	.	PUNCT
framr-1721	70	1	this	this	PRON
framr-1721	70	2	implies	imply	VERB
framr-1721	70	3	the	the	DET
framr-1721	70	4	presence	presence	NOUN
framr-1721	70	5	of	of	ADP
framr-1721	70	6	a	a	DET
framr-1721	70	7	positive	positive	ADJ
framr-1721	70	8	correlation	correlation	NOUN
framr-1721	70	9	between	between	ADP
framr-1721	70	10	firm	firm	ADJ
framr-1721	70	11	maturity	maturity	NOUN
framr-1721	70	12	debt	debt	NOUN
framr-1721	70	13	and	and	CCONJ
framr-1721	70	14	leader	leader	NOUN
framr-1721	70	15	optimism	optimism	NOUN
framr-1721	70	16	level	level	NOUN
framr-1721	70	17	.	.	PUNCT
framr-1721	71	1	hirshleifer	hirshleifer	NOUN
framr-1721	71	2	(	(	PUNCT
framr-1721	71	3	1993	1993	NUM
framr-1721	71	4	)	)	PUNCT
framr-1721	71	5	shows	show	VERB
framr-1721	71	6	that	that	SCONJ
framr-1721	71	7	managers	manager	NOUN
framr-1721	71	8	invest	invest	VERB
framr-1721	71	9	in	in	ADP
framr-1721	71	10	short	short	ADJ
framr-1721	71	11	-	-	PUNCT
framr-1721	71	12	term	term	NOUN
framr-1721	71	13	projects	project	NOUN
framr-1721	71	14	to	to	PART
framr-1721	71	15	generate	generate	VERB
framr-1721	71	16	a	a	DET
framr-1721	71	17	positive	positive	ADJ
framr-1721	71	18	cash	cash	NOUN
framr-1721	71	19	flow	flow	NOUN
framr-1721	71	20	,	,	PUNCT
framr-1721	71	21	increase	increase	VERB
framr-1721	71	22	their	their	PRON
framr-1721	71	23	income	income	NOUN
framr-1721	71	24	and	and	CCONJ
framr-1721	71	25	their	their	PRON
framr-1721	71	26	managerial	managerial	ADJ
framr-1721	71	27	reputation	reputation	NOUN
framr-1721	71	28	on	on	ADP
framr-1721	71	29	the	the	DET
framr-1721	71	30	labor	labor	NOUN
framr-1721	71	31	market	market	NOUN
framr-1721	71	32	.	.	PUNCT
framr-1721	72	1	this	this	DET
framr-1721	72	2	leader	leader	NOUN
framr-1721	72	3	opts	opt	VERB
framr-1721	72	4	for	for	ADP
framr-1721	72	5	choice	choice	NOUN
framr-1721	72	6	related	relate	VERB
framr-1721	72	7	to	to	ADP
framr-1721	72	8	the	the	DET
framr-1721	72	9	duration	duration	NOUN
framr-1721	72	10	of	of	ADP
framr-1721	72	11	his	his	PRON
framr-1721	72	12	monday	monday	PROPN
framr-1721	72	13	.	.	PUNCT
framr-1721	73	1	optimistic	optimistic	ADJ
framr-1721	73	2	leader	leader	NOUN
framr-1721	73	3	kept	keep	VERB
framr-1721	73	4	his	his	PRON
framr-1721	73	5	place	place	NOUN
framr-1721	73	6	at	at	ADP
framr-1721	73	7	the	the	DET
framr-1721	73	8	head	head	NOUN
framr-1721	73	9	of	of	ADP
framr-1721	73	10	his	his	PRON
framr-1721	73	11	company	company	NOUN
framr-1721	73	12	opts	opt	VERB
framr-1721	73	13	for	for	ADP
framr-1721	73	14	long	long	ADJ
framr-1721	73	15	-	-	PUNCT
framr-1721	73	16	term	term	NOUN
framr-1721	73	17	financial	financial	ADJ
framr-1721	73	18	policy	policy	NOUN
framr-1721	73	19	which	which	PRON
framr-1721	73	20	long	long	ADJ
framr-1721	73	21	term	term	NOUN
framr-1721	73	22	debts	debt	NOUN
framr-1721	73	23	choice	choice	NOUN
framr-1721	73	24	.	.	PUNCT
framr-1721	74	1	this	this	PRON
framr-1721	74	2	implies	imply	VERB
framr-1721	74	3	a	a	DET
framr-1721	74	4	positive	positive	ADJ
framr-1721	74	5	correlation	correlation	NOUN
framr-1721	74	6	between	between	ADP
framr-1721	74	7	optimism	optimism	NOUN
framr-1721	74	8	and	and	CCONJ
framr-1721	74	9	debt	debt	NOUN
framr-1721	74	10	maturity	maturity	NOUN
framr-1721	74	11	.	.	PUNCT
framr-1721	75	1	azouzi	azouzi	PROPN
framr-1721	75	2	and	and	CCONJ
framr-1721	75	3	jarboui	jarboui	PROPN
framr-1721	75	4	(	(	PUNCT
framr-1721	75	5	2012	2012	NUM
framr-1721	75	6	)	)	PUNCT
framr-1721	75	7	find	find	VERB
framr-1721	75	8	that	that	SCONJ
framr-1721	75	9	the	the	DET
framr-1721	75	10	find	find	NOUN
framr-1721	75	11	that	that	SCONJ
framr-1721	75	12	the	the	DET
framr-1721	75	13	analysis	analysis	NOUN
framr-1721	75	14	of	of	ADP
framr-1721	75	15	managerial	managerial	ADJ
framr-1721	75	16	decisions	decision	NOUN
framr-1721	75	17	(	(	PUNCT
framr-1721	75	18	financing	financing	NOUN
framr-1721	75	19	and	and	CCONJ
framr-1721	75	20	investment	investment	NOUN
framr-1721	75	21	)	)	PUNCT
framr-1721	75	22	within	within	ADP
framr-1721	75	23	the	the	DET
framr-1721	75	24	behavioral	behavioral	ADJ
framr-1721	75	25	approach	approach	NOUN
framr-1721	75	26	is	be	AUX
framr-1721	75	27	consistent	consistent	ADJ
framr-1721	75	28	with	with	ADP
framr-1721	75	29	the	the	DET
framr-1721	75	30	financial	financial	ADJ
framr-1721	75	31	organizational	organizational	ADJ
framr-1721	75	32	theory	theory	NOUN
framr-1721	75	33	.	.	PUNCT
framr-1721	76	1	in	in	ADP
framr-1721	76	2	other	other	ADJ
framr-1721	76	3	word	word	NOUN
framr-1721	76	4	,	,	PUNCT
framr-1721	76	5	the	the	DET
framr-1721	76	6	optimistic	optimistic	ADJ
framr-1721	76	7	leader	leader	NOUN
framr-1721	76	8	uses	use	VERB
framr-1721	76	9	his	his	PRON
framr-1721	76	10	decisional	decisional	ADJ
framr-1721	76	11	power	power	NOUN
framr-1721	76	12	to	to	PART
framr-1721	76	13	converge	converge	VERB
framr-1721	76	14	with	with	ADP
framr-1721	76	15	the	the	DET
framr-1721	76	16	interest	interest	NOUN
framr-1721	76	17	of	of	ADP
framr-1721	76	18	shareholders	shareholder	NOUN
framr-1721	76	19	and	and	CCONJ
framr-1721	76	20	ensure	ensure	VERB
framr-1721	76	21	its	its	PRON
framr-1721	76	22	place	place	NOUN
framr-1721	76	23	at	at	ADP
framr-1721	76	24	the	the	DET
framr-1721	76	25	head	head	NOUN
framr-1721	76	26	of	of	ADP
framr-1721	76	27	the	the	DET
framr-1721	76	28	management	management	NOUN
framr-1721	76	29	team	team	NOUN
framr-1721	76	30	.	.	PUNCT
framr-1721	77	1	this	this	DET
framr-1721	77	2	prediction	prediction	NOUN
framr-1721	77	3	in	in	ADP
framr-1721	77	4	tunisian	tunisian	ADJ
framr-1721	77	5	context	context	NOUN
framr-1721	77	6	implies	imply	VERB
framr-1721	77	7	that	that	SCONJ
framr-1721	77	8	optimistic	optimistic	ADJ
framr-1721	77	9	leader	leader	NOUN
framr-1721	77	10	adjusted	adjust	VERB
framr-1721	77	11	its	its	PRON
framr-1721	77	12	firm	firm	ADJ
framr-1721	77	13	maturity	maturity	NOUN
framr-1721	77	14	according	accord	VERB
framr-1721	77	15	to	to	ADP
framr-1721	77	16	their	their	PRON
framr-1721	77	17	confidence	confidence	NOUN
framr-1721	77	18	kept	keep	VERB
framr-1721	77	19	its	its	PRON
framr-1721	77	20	place	place	NOUN
framr-1721	77	21	at	at	ADP
framr-1721	77	22	the	the	DET
framr-1721	77	23	head	head	NOUN
framr-1721	77	24	of	of	ADP
framr-1721	77	25	his	his	PRON
framr-1721	77	26	company	company	NOUN
framr-1721	77	27	.	.	PUNCT
framr-1721	78	1	h1	h1	PROPN
framr-1721	78	2	:	:	PUNCT
framr-1721	78	3	optimistic	optimistic	ADJ
framr-1721	78	4	leader	leader	NOUN
framr-1721	78	5	accepts	accept	VERB
framr-1721	78	6	level	level	NOUN
framr-1721	78	7	of	of	ADP
framr-1721	78	8	maturity	maturity	NOUN
framr-1721	78	9	debt	debt	NOUN
framr-1721	78	10	greater	great	ADJ
framr-1721	78	11	than	than	ADP
framr-1721	78	12	rational	rational	ADJ
framr-1721	78	13	leader	leader	NOUN
framr-1721	78	14	2.2	2.2	NUM
framr-1721	78	15	.	.	PUNCT
framr-1721	79	1	loss	loss	NOUN
framr-1721	79	2	aversion	aversion	NOUN
framr-1721	79	3	and	and	CCONJ
framr-1721	79	4	debt	debt	NOUN
framr-1721	79	5	maturity	maturity	NOUN
framr-1721	79	6	psychological	psychological	ADJ
framr-1721	79	7	studies	study	NOUN
framr-1721	79	8	document	document	NOUN
framr-1721	79	9	that	that	PRON
framr-1721	79	10	loss	loss	NOUN
framr-1721	79	11	aversion	aversion	NOUN
framr-1721	79	12	causes	cause	VERB
framr-1721	79	13	people	people	NOUN
framr-1721	79	14	to	to	PART
framr-1721	79	15	overestimate	overestimate	VERB
framr-1721	79	16	risk	risk	NOUN
framr-1721	79	17	,	,	PUNCT
framr-1721	79	18	be	be	AUX
framr-1721	79	19	more	more	ADV
framr-1721	79	20	uncertain	uncertain	ADJ
framr-1721	79	21	about	about	ADP
framr-1721	79	22	forecasts	forecast	NOUN
framr-1721	79	23	and	and	CCONJ
framr-1721	79	24	opt	opt	VERB
framr-1721	79	25	for	for	ADP
framr-1721	79	26	making	make	VERB
framr-1721	79	27	it	it	PRON
framr-1721	79	28	safer	safe	ADJ
framr-1721	79	29	to	to	PART
framr-1721	79	30	limit	limit	VERB
framr-1721	79	31	the	the	DET
framr-1721	79	32	likelihood	likelihood	NOUN
framr-1721	79	33	of	of	ADP
framr-1721	79	34	his	his	PRON
framr-1721	79	35	removal	removal	NOUN
framr-1721	79	36	(	(	PUNCT
framr-1721	79	37	bertrand	bertrand	PROPN
framr-1721	79	38	and	and	CCONJ
framr-1721	79	39	mullainathan	mullainathan	PROPN
framr-1721	79	40	,	,	PUNCT
framr-1721	79	41	2003	2003	NUM
framr-1721	79	42	;	;	PUNCT
framr-1721	79	43	baker	baker	PROPN
framr-1721	79	44	et	et	PROPN
framr-1721	79	45	al	al	PROPN
framr-1721	79	46	.	.	PROPN
framr-1721	79	47	,	,	PUNCT
framr-1721	79	48	2007	2007	NUM
framr-1721	79	49	;	;	PUNCT
framr-1721	79	50	azouzi	azouzi	PROPN
framr-1721	79	51	and	and	CCONJ
framr-1721	79	52	jarboui	jarboui	PROPN
framr-1721	79	53	,	,	PUNCT
framr-1721	79	54	2012	2012	NUM
framr-1721	79	55	)	)	PUNCT
framr-1721	79	56	.	.	PUNCT
framr-1721	80	1	adams	adams	PROPN
framr-1721	80	2	et	et	PROPN
framr-1721	80	3	al	al	PROPN
framr-1721	80	4	.	.	PROPN
framr-1721	81	1	(	(	PUNCT
framr-1721	81	2	2005	2005	NUM
framr-1721	81	3	)	)	PUNCT
framr-1721	81	4	also	also	ADV
framr-1721	81	5	show	show	VERB
framr-1721	81	6	that	that	SCONJ
framr-1721	81	7	in	in	ADP
framr-1721	81	8	firms	firm	NOUN
framr-1721	81	9	where	where	SCONJ
framr-1721	81	10	ceos	ceo	NOUN
framr-1721	81	11	are	be	AUX
framr-1721	81	12	powerful	powerful	ADJ
framr-1721	81	13	and	and	CCONJ
framr-1721	81	14	dominate	dominate	VERB
framr-1721	81	15	most	most	ADJ
framr-1721	81	16	major	major	ADJ
framr-1721	81	17	decisions	decision	NOUN
framr-1721	81	18	,	,	PUNCT
framr-1721	81	19	the	the	DET
framr-1721	81	20	risk	risk	NOUN
framr-1721	81	21	arising	arise	VERB
framr-1721	81	22	from	from	ADP
framr-1721	81	23	judgment	judgment	NOUN
framr-1721	81	24	errors	error	NOUN
framr-1721	81	25	is	be	AUX
framr-1721	81	26	not	not	PART
framr-1721	81	27	well	well	ADV
framr-1721	81	28	-	-	PUNCT
framr-1721	81	29	diversified	diversify	VERB
framr-1721	81	30	,	,	PUNCT
framr-1721	81	31	resulting	result	VERB
framr-1721	81	32	in	in	ADP
framr-1721	81	33	more	more	ADV
framr-1721	81	34	extreme	extreme	ADJ
framr-1721	81	35	decisions	decision	NOUN
framr-1721	81	36	and	and	CCONJ
framr-1721	81	37	higher	high	ADJ
framr-1721	81	38	variance	variance	NOUN
framr-1721	81	39	of	of	ADP
framr-1721	81	40	firm	firm	ADJ
framr-1721	81	41	performance	performance	NOUN
framr-1721	81	42	.	.	PUNCT
framr-1721	82	1	this	this	DET
framr-1721	82	2	shower	shower	NOUN
framr-1721	82	3	head	head	NOUN
framr-1721	82	4	to	to	ADP
framr-1721	82	5	risk	risk	NOUN
framr-1721	82	6	of	of	ADP
framr-1721	82	7	loss	loss	NOUN
framr-1721	82	8	of	of	ADP
framr-1721	82	9	earnings	earning	NOUN
framr-1721	82	10	or	or	CCONJ
framr-1721	82	11	reputation	reputation	NOUN
framr-1721	82	12	seeks	seek	VERB
framr-1721	82	13	to	to	PART
framr-1721	82	14	limit	limit	VERB
framr-1721	82	15	the	the	DET
framr-1721	82	16	potential	potential	ADJ
framr-1721	82	17	loss	loss	NOUN
framr-1721	82	18	by	by	ADP
framr-1721	82	19	choosing	choose	VERB
framr-1721	82	20	low	low	ADJ
framr-1721	82	21	-	-	PUNCT
framr-1721	82	22	risk	risk	NOUN
framr-1721	82	23	decisions	decision	NOUN
framr-1721	82	24	including	include	VERB
framr-1721	82	25	short	short	ADJ
framr-1721	82	26	-	-	PUNCT
framr-1721	82	27	term	term	NOUN
framr-1721	82	28	debt	debt	NOUN
framr-1721	82	29	choice	choice	NOUN
framr-1721	82	30	.	.	PUNCT
framr-1721	83	1	this	this	PRON
framr-1721	83	2	implies	imply	VERB
framr-1721	83	3	negative	negative	ADJ
framr-1721	83	4	correlation	correlation	NOUN
framr-1721	83	5	between	between	ADP
framr-1721	83	6	ceo	ceo	NOUN
framr-1721	83	7	loss	loss	NOUN
framr-1721	83	8	aversion	aversion	NOUN
framr-1721	83	9	level	level	NOUN
framr-1721	83	10	and	and	CCONJ
framr-1721	83	11	firm	firm	ADJ
framr-1721	83	12	debt	debt	NOUN
framr-1721	83	13	maturity	maturity	NOUN
framr-1721	83	14	choice	choice	NOUN
framr-1721	83	15	.	.	PUNCT
framr-1721	84	1	baker	baker	PROPN
framr-1721	84	2	et	et	PROPN
framr-1721	84	3	al	al	PROPN
framr-1721	84	4	.	.	PROPN
framr-1721	85	1	(	(	PUNCT
framr-1721	85	2	2007	2007	NUM
framr-1721	85	3	)	)	PUNCT
framr-1721	85	4	shows	show	VERB
framr-1721	85	5	that	that	SCONJ
framr-1721	85	6	loss	loss	NOUN
framr-1721	85	7	aversion	aversion	NOUN
framr-1721	85	8	causes	cause	VERB
framr-1721	85	9	ceo	ceo	NOUN
framr-1721	85	10	to	to	PART
framr-1721	85	11	overestimate	overestimate	VERB
framr-1721	85	12	its	its	PRON
framr-1721	85	13	firm	firm	ADJ
framr-1721	85	14	total	total	ADJ
framr-1721	85	15	risk	risk	NOUN
framr-1721	85	16	.	.	PUNCT
framr-1721	86	1	this	this	DET
framr-1721	86	2	overestimation	overestimation	NOUN
framr-1721	86	3	of	of	ADP
framr-1721	86	4	the	the	DET
framr-1721	86	5	risk	risk	NOUN
framr-1721	86	6	of	of	ADP
framr-1721	86	7	the	the	DET
framr-1721	86	8	business	business	NOUN
framr-1721	86	9	leader	leader	NOUN
framr-1721	86	10	impulse	impulse	ADJ
framr-1721	86	11	decision	decision	NOUN
framr-1721	86	12	to	to	PART
framr-1721	86	13	choose	choose	VERB
framr-1721	86	14	less	less	ADV
framr-1721	86	15	risky	risky	ADJ
framr-1721	86	16	.	.	PUNCT
framr-1721	87	1	he	he	PRON
framr-1721	87	2	prefers	prefer	VERB
framr-1721	87	3	the	the	DET
framr-1721	87	4	short	short	ADJ
framr-1721	87	5	-	-	PUNCT
framr-1721	87	6	term	term	NOUN
framr-1721	87	7	debt	debt	NOUN
framr-1721	87	8	low	low	ADJ
framr-1721	87	9	risk	risk	NOUN
framr-1721	87	10	compared	compare	VERB
framr-1721	87	11	to	to	ADP
framr-1721	87	12	long	long	ADJ
framr-1721	87	13	term	term	NOUN
framr-1721	87	14	.	.	PUNCT
framr-1721	88	1	this	this	PRON
framr-1721	88	2	implies	imply	VERB
framr-1721	88	3	a	a	DET
framr-1721	88	4	positive	positive	ADJ
framr-1721	88	5	correlation	correlation	NOUN
framr-1721	88	6	between	between	ADP
framr-1721	88	7	ceo	ceo	NOUN
framr-1721	88	8	loss	loss	NOUN
framr-1721	88	9	aversion	aversion	NOUN
framr-1721	88	10	level	level	NOUN
framr-1721	88	11	and	and	CCONJ
framr-1721	88	12	firm	firm	ADJ
framr-1721	88	13	short	short	ADJ
framr-1721	88	14	-	-	PUNCT
framr-1721	88	15	term	term	NOUN
framr-1721	88	16	debt	debt	NOUN
framr-1721	88	17	level	level	NOUN
framr-1721	88	18	.	.	PUNCT
framr-1721	89	1	nosic	nosic	ADJ
framr-1721	89	2	and	and	CCONJ
framr-1721	89	3	weber	weber	PROPN
framr-1721	89	4	(	(	PUNCT
framr-1721	89	5	2008	2008	NUM
framr-1721	89	6	)	)	PUNCT
framr-1721	89	7	have	have	AUX
framr-1721	89	8	shown	show	VERB
framr-1721	89	9	the	the	DET
framr-1721	89	10	importance	importance	NOUN
framr-1721	89	11	of	of	ADP
framr-1721	89	12	perception	perception	NOUN
framr-1721	89	13	yields	yield	NOUN
framr-1721	89	14	and	and	CCONJ
framr-1721	89	15	risk	risk	NOUN
framr-1721	89	16	officer	officer	NOUN
framr-1721	89	17	in	in	ADP
framr-1721	89	18	explaining	explain	VERB
framr-1721	89	19	these	these	DET
framr-1721	89	20	choices	choice	NOUN
framr-1721	89	21	.	.	PUNCT
framr-1721	90	1	indeed	indeed	ADV
framr-1721	90	2	a	a	DET
framr-1721	90	3	leader	leader	NOUN
framr-1721	90	4	who	who	PRON
framr-1721	90	5	undervalued	undervalue	VERB
framr-1721	90	6	the	the	DET
framr-1721	90	7	capacity	capacity	NOUN
framr-1721	90	8	of	of	ADP
framr-1721	90	9	its	its	PRON
framr-1721	90	10	business	business	NOUN
framr-1721	90	11	to	to	PART
framr-1721	90	12	generate	generate	VERB
framr-1721	90	13	financial	financial	ADJ
framr-1721	90	14	risk	risk	NOUN
framr-1721	90	15	and	and	CCONJ
framr-1721	90	16	management	management	NOUN
framr-1721	90	17	reviews	review	NOUN
framr-1721	90	18	,	,	PUNCT
framr-1721	90	19	2016	2016	NUM
framr-1721	90	20	,	,	PUNCT
framr-1721	90	21	2(1	2(1	NUM
framr-1721	90	22	):	):	PUNCT
framr-1721	90	23	1	1	NUM
framr-1721	90	24	-	-	SYM
framr-1721	90	25	25	25	NUM
framr-1721	90	26	5	5	NUM
framr-1721	90	27	©	©	PROPN
framr-1721	90	28	2016	2016	NUM
framr-1721	90	29	conscientia	conscientia	PROPN
framr-1721	90	30	beam	beam	PROPN
framr-1721	90	31	.	.	PUNCT
framr-1721	91	1	all	all	DET
framr-1721	91	2	rights	right	NOUN
framr-1721	91	3	reserved	reserve	VERB
framr-1721	91	4	.	.	PUNCT
framr-1721	92	1	future	future	ADJ
framr-1721	92	2	revenues	revenue	NOUN
framr-1721	92	3	is	be	AUX
framr-1721	92	4	encouraged	encourage	VERB
framr-1721	92	5	to	to	PART
framr-1721	92	6	undertake	undertake	VERB
framr-1721	92	7	choices	choice	NOUN
framr-1721	92	8	consistent	consistent	ADJ
framr-1721	92	9	with	with	ADP
framr-1721	92	10	shareholder	shareholder	NOUN
framr-1721	92	11	interest	interest	NOUN
framr-1721	92	12	.	.	PUNCT
framr-1721	93	1	he	he	PRON
framr-1721	93	2	opted	opt	VERB
framr-1721	93	3	for	for	ADP
framr-1721	93	4	policies	policy	NOUN
framr-1721	93	5	and	and	CCONJ
framr-1721	93	6	strategies	strategy	NOUN
framr-1721	93	7	converge	converge	VERB
framr-1721	93	8	with	with	ADP
framr-1721	93	9	the	the	DET
framr-1721	93	10	interests	interest	NOUN
framr-1721	93	11	of	of	ADP
framr-1721	93	12	major	major	ADJ
framr-1721	93	13	shareholders	shareholder	NOUN
framr-1721	93	14	with	with	ADP
framr-1721	93	15	long	long	ADJ
framr-1721	93	16	term	term	NOUN
framr-1721	93	17	debt	debt	NOUN
framr-1721	93	18	.	.	PUNCT
framr-1721	94	1	this	this	PRON
framr-1721	94	2	implies	imply	VERB
framr-1721	94	3	a	a	DET
framr-1721	94	4	positive	positive	ADJ
framr-1721	94	5	correlation	correlation	NOUN
framr-1721	94	6	between	between	ADP
framr-1721	94	7	ceo	ceo	NOUN
framr-1721	94	8	loss	loss	NOUN
framr-1721	94	9	aversion	aversion	NOUN
framr-1721	94	10	level	level	NOUN
framr-1721	94	11	and	and	CCONJ
framr-1721	94	12	firm	firm	ADJ
framr-1721	94	13	short	short	ADJ
framr-1721	94	14	-	-	PUNCT
framr-1721	94	15	term	term	NOUN
framr-1721	94	16	debt	debt	NOUN
framr-1721	94	17	level	level	NOUN
framr-1721	94	18	.	.	PUNCT
framr-1721	95	1	chang	chang	PROPN
framr-1721	95	2	et	et	PROPN
framr-1721	95	3	al	al	PROPN
framr-1721	95	4	.	.	PROPN
framr-1721	95	5	(	(	PUNCT
framr-1721	95	6	2009	2009	NUM
framr-1721	95	7	)	)	PUNCT
framr-1721	95	8	argue	argue	VERB
framr-1721	95	9	that	that	SCONJ
framr-1721	95	10	the	the	DET
framr-1721	95	11	stock	stock	NOUN
framr-1721	95	12	price	price	NOUN
framr-1721	95	13	variation	variation	NOUN
framr-1721	95	14	affects	affect	VERB
framr-1721	95	15	the	the	DET
framr-1721	95	16	firm	firm	ADJ
framr-1721	95	17	capital	capital	NOUN
framr-1721	95	18	structure	structure	NOUN
framr-1721	95	19	composition	composition	NOUN
framr-1721	95	20	.	.	PUNCT
framr-1721	96	1	this	this	PRON
framr-1721	96	2	explains	explain	VERB
framr-1721	96	3	the	the	DET
framr-1721	96	4	limited	limited	ADJ
framr-1721	96	5	use	use	NOUN
framr-1721	96	6	of	of	ADP
framr-1721	96	7	the	the	DET
framr-1721	96	8	leaders	leader	NOUN
framr-1721	96	9	(	(	PUNCT
framr-1721	96	10	loss	loss	NOUN
framr-1721	96	11	aversion	aversion	NOUN
framr-1721	96	12	)	)	PUNCT
framr-1721	96	13	in	in	ADP
framr-1721	96	14	equity	equity	NOUN
framr-1721	96	15	financing	financing	NOUN
framr-1721	96	16	.	.	PUNCT
framr-1721	97	1	he	he	PRON
framr-1721	97	2	opts	opt	VERB
framr-1721	97	3	for	for	ADP
framr-1721	97	4	long	long	ADJ
framr-1721	97	5	term	term	NOUN
framr-1721	97	6	risky	risky	ADJ
framr-1721	97	7	debt	debt	NOUN
framr-1721	97	8	reporting	report	VERB
framr-1721	97	9	the	the	DET
framr-1721	97	10	performance	performance	NOUN
framr-1721	97	11	of	of	ADP
framr-1721	97	12	its	its	PRON
framr-1721	97	13	business	business	NOUN
framr-1721	97	14	(	(	PUNCT
framr-1721	97	15	able	able	ADJ
framr-1721	97	16	to	to	PART
framr-1721	97	17	comply	comply	VERB
framr-1721	97	18	with	with	ADP
framr-1721	97	19	the	the	DET
framr-1721	97	20	commitments	commitment	NOUN
framr-1721	97	21	of	of	ADP
framr-1721	97	22	long	long	ADJ
framr-1721	97	23	-	-	PUNCT
framr-1721	97	24	term	term	NOUN
framr-1721	97	25	debt	debt	NOUN
framr-1721	97	26	)	)	PUNCT
framr-1721	97	27	.	.	PUNCT
framr-1721	98	1	this	this	DET
framr-1721	98	2	choice	choice	NOUN
framr-1721	98	3	of	of	ADP
framr-1721	98	4	risky	risky	ADJ
framr-1721	98	5	financing	financing	NOUN
framr-1721	98	6	improves	improve	VERB
framr-1721	98	7	the	the	DET
framr-1721	98	8	evaluation	evaluation	NOUN
framr-1721	98	9	of	of	ADP
framr-1721	98	10	its	its	PRON
framr-1721	98	11	business	business	NOUN
framr-1721	98	12	in	in	ADP
framr-1721	98	13	the	the	DET
framr-1721	98	14	market	market	NOUN
framr-1721	98	15	and	and	CCONJ
framr-1721	98	16	increases	increase	VERB
framr-1721	98	17	its	its	PRON
framr-1721	98	18	reputation	reputation	NOUN
framr-1721	98	19	on	on	ADP
framr-1721	98	20	the	the	DET
framr-1721	98	21	labor	labor	NOUN
framr-1721	98	22	market	market	NOUN
framr-1721	98	23	.	.	PUNCT
framr-1721	99	1	h2	h2	NOUN
framr-1721	99	2	:	:	PUNCT
framr-1721	99	3	loss	loss	NOUN
framr-1721	99	4	aversion	aversion	NOUN
framr-1721	99	5	leader	leader	NOUN
framr-1721	99	6	accepts	accept	VERB
framr-1721	99	7	level	level	NOUN
framr-1721	99	8	of	of	ADP
framr-1721	99	9	maturity	maturity	NOUN
framr-1721	99	10	debt	debt	NOUN
framr-1721	99	11	greater	great	ADJ
framr-1721	99	12	than	than	ADP
framr-1721	99	13	rational	rational	ADJ
framr-1721	99	14	leader	leader	NOUN
framr-1721	99	15	2.3	2.3	NUM
framr-1721	99	16	.	.	PUNCT
framr-1721	100	1	overconfidence	overconfidence	NOUN
framr-1721	100	2	and	and	CCONJ
framr-1721	100	3	debt	debt	NOUN
framr-1721	100	4	maturity	maturity	NOUN
framr-1721	100	5	the	the	DET
framr-1721	100	6	human	human	ADJ
framr-1721	100	7	tendency	tendency	NOUN
framr-1721	100	8	to	to	PART
framr-1721	100	9	be	be	AUX
framr-1721	100	10	overconfident	overconfident	ADJ
framr-1721	100	11	has	have	AUX
framr-1721	100	12	been	be	AUX
framr-1721	100	13	widely	widely	ADV
framr-1721	100	14	documented	document	VERB
framr-1721	100	15	in	in	ADP
framr-1721	100	16	psychology	psychology	NOUN
framr-1721	100	17	and	and	CCONJ
framr-1721	100	18	has	have	AUX
framr-1721	100	19	become	become	VERB
framr-1721	100	20	a	a	DET
framr-1721	100	21	central	central	ADJ
framr-1721	100	22	feature	feature	NOUN
framr-1721	100	23	in	in	ADP
framr-1721	100	24	economics	economic	NOUN
framr-1721	100	25	and	and	CCONJ
framr-1721	100	26	behavioral	behavioral	ADJ
framr-1721	100	27	finance	finance	NOUN
framr-1721	100	28	(	(	PUNCT
framr-1721	100	29	heaton	heaton	PROPN
framr-1721	100	30	,	,	PUNCT
framr-1721	100	31	2002	2002	NUM
framr-1721	100	32	;	;	PUNCT
framr-1721	100	33	malmendier	malmendier	NOUN
framr-1721	100	34	and	and	CCONJ
framr-1721	100	35	tate	tate	NOUN
framr-1721	100	36	,	,	PUNCT
framr-1721	100	37	2005	2005	NUM
framr-1721	100	38	;	;	PUNCT
framr-1721	101	1	ben	ben	PROPN
framr-1721	101	2	-	-	PROPN
framr-1721	101	3	david	david	PROPN
framr-1721	101	4	et	et	PROPN
framr-1721	101	5	al	al	PROPN
framr-1721	101	6	.	.	PROPN
framr-1721	101	7	,	,	PUNCT
framr-1721	101	8	2007	2007	NUM
framr-1721	101	9	;	;	PUNCT
framr-1721	101	10	hackbarth	hackbarth	NOUN
framr-1721	101	11	,	,	PUNCT
framr-1721	101	12	2009	2009	NUM
framr-1721	101	13	;	;	PUNCT
framr-1721	101	14	landier	landier	NOUN
framr-1721	101	15	and	and	CCONJ
framr-1721	101	16	thesmar	thesmar	PROPN
framr-1721	101	17	,	,	PUNCT
framr-1721	101	18	2009	2009	NUM
framr-1721	101	19	;	;	PUNCT
framr-1721	101	20	malmendier	malmendier	NOUN
framr-1721	101	21	et	et	PROPN
framr-1721	101	22	al	al	PROPN
framr-1721	101	23	.	.	PROPN
framr-1721	101	24	,	,	PUNCT
framr-1721	101	25	2010	2010	NUM
framr-1721	101	26	;	;	PUNCT
framr-1721	101	27	azouzi	azouzi	PROPN
framr-1721	101	28	and	and	CCONJ
framr-1721	101	29	jarboui	jarboui	PROPN
framr-1721	101	30	,	,	PUNCT
framr-1721	101	31	2012	2012	NUM
framr-1721	101	32	)	)	PUNCT
framr-1721	101	33	.	.	PUNCT
framr-1721	102	1	many	many	ADJ
framr-1721	102	2	facets	facet	NOUN
framr-1721	102	3	of	of	ADP
framr-1721	102	4	overconfidence	overconfidence	NOUN
framr-1721	102	5	have	have	AUX
framr-1721	102	6	been	be	AUX
framr-1721	102	7	examined	examine	VERB
framr-1721	102	8	through	through	ADP
framr-1721	102	9	the	the	DET
framr-1721	102	10	tendency	tendency	NOUN
framr-1721	102	11	to	to	PART
framr-1721	102	12	overestimate	overestimate	VERB
framr-1721	102	13	our	our	PRON
framr-1721	102	14	own	own	ADJ
framr-1721	102	15	knowledge	knowledge	NOUN
framr-1721	102	16	(	(	PUNCT
framr-1721	102	17	in	in	ADP
framr-1721	102	18	particular	particular	ADJ
framr-1721	102	19	in	in	ADP
framr-1721	102	20	miscalibration	miscalibration	PROPN
framr-1721	102	21	studies	study	NOUN
framr-1721	102	22	)	)	PUNCT
framr-1721	102	23	,	,	PUNCT
framr-1721	102	24	our	our	PRON
framr-1721	102	25	abilities	ability	NOUN
framr-1721	102	26	compared	compare	VERB
framr-1721	102	27	to	to	ADP
framr-1721	102	28	others	other	NOUN
framr-1721	102	29	(	(	PUNCT
framr-1721	102	30	better	well	ADJ
framr-1721	102	31	-	-	PUNCT
framr-1721	102	32	than	than	ADP
framr-1721	102	33	-	-	PUNCT
framr-1721	102	34	average	average	ADJ
framr-1721	102	35	effect	effect	NOUN
framr-1721	102	36	)	)	PUNCT
framr-1721	102	37	,	,	PUNCT
framr-1721	102	38	or	or	CCONJ
framr-1721	102	39	the	the	DET
framr-1721	102	40	degree	degree	NOUN
framr-1721	102	41	to	to	PART
framr-1721	102	42	which	which	PRON
framr-1721	102	43	we	we	PRON
framr-1721	102	44	control	control	VERB
framr-1721	102	45	future	future	ADJ
framr-1721	102	46	events	event	NOUN
framr-1721	102	47	.	.	PUNCT
framr-1721	103	1	landier	landier	NOUN
framr-1721	103	2	and	and	CCONJ
framr-1721	103	3	thesmar	thesmar	PROPN
framr-1721	103	4	(	(	PUNCT
framr-1721	103	5	2009	2009	NUM
framr-1721	103	6	)	)	PUNCT
framr-1721	103	7	explored	explore	VERB
framr-1721	103	8	the	the	DET
framr-1721	103	9	impacts	impact	NOUN
framr-1721	103	10	of	of	ADP
framr-1721	103	11	overconfidence	overconfidence	NOUN
framr-1721	103	12	and/or	and/or	CCONJ
framr-1721	103	13	optimistic	optimistic	ADJ
framr-1721	103	14	entrepreneur	entrepreneur	NOUN
framr-1721	103	15	on	on	ADP
framr-1721	103	16	financial	financial	ADJ
framr-1721	103	17	contracting	contracting	NOUN
framr-1721	103	18	and	and	CCONJ
framr-1721	103	19	corporate	corporate	ADJ
framr-1721	103	20	performance	performance	NOUN
framr-1721	103	21	and	and	CCONJ
framr-1721	103	22	found	find	VERB
framr-1721	103	23	that	that	SCONJ
framr-1721	103	24	optimistic	optimistic	ADJ
framr-1721	103	25	entrepreneur	entrepreneur	NOUN
framr-1721	103	26	tend	tend	VERB
framr-1721	103	27	to	to	PART
framr-1721	103	28	make	make	VERB
framr-1721	103	29	decisions	decision	NOUN
framr-1721	103	30	under	under	ADP
framr-1721	103	31	-	-	PUNCT
framr-1721	103	32	reacting	react	VERB
framr-1721	103	33	the	the	DET
framr-1721	103	34	negative	negative	ADJ
framr-1721	103	35	information	information	NOUN
framr-1721	103	36	.	.	PUNCT
framr-1721	104	1	so	so	ADV
framr-1721	104	2	,	,	PUNCT
framr-1721	104	3	ceo	ceo	NOUN
framr-1721	104	4	overconfidence	overconfidence	NOUN
framr-1721	104	5	debt	debt	NOUN
framr-1721	104	6	maturity	maturity	NOUN
framr-1721	104	7	choice	choice	NOUN
framr-1721	104	8	is	be	AUX
framr-1721	104	9	a	a	DET
framr-1721	104	10	reaction	reaction	NOUN
framr-1721	104	11	to	to	PART
framr-1721	104	12	undervaluation	undervaluation	VERB
framr-1721	104	13	.	.	PUNCT
framr-1721	105	1	it	it	PRON
framr-1721	105	2	uses	use	VERB
framr-1721	105	3	long	long	ADJ
framr-1721	105	4	-	-	PUNCT
framr-1721	105	5	term	term	NOUN
framr-1721	105	6	debt	debt	NOUN
framr-1721	105	7	reported	report	VERB
framr-1721	105	8	to	to	ADP
framr-1721	105	9	the	the	DET
framr-1721	105	10	performance	performance	NOUN
framr-1721	105	11	of	of	ADP
framr-1721	105	12	its	its	PRON
framr-1721	105	13	business	business	NOUN
framr-1721	105	14	and	and	CCONJ
framr-1721	105	15	corrected	correct	VERB
framr-1721	105	16	firm	firm	ADJ
framr-1721	105	17	market	market	NOUN
framr-1721	105	18	valuation	valuation	NOUN
framr-1721	105	19	.	.	PUNCT
framr-1721	106	1	malmendier	malmendier	NOUN
framr-1721	106	2	et	et	PROPN
framr-1721	106	3	al	al	PROPN
framr-1721	106	4	.	.	PROPN
framr-1721	107	1	(	(	PUNCT
framr-1721	107	2	2010	2010	NUM
framr-1721	107	3	)	)	PUNCT
framr-1721	107	4	argue	argue	VERB
framr-1721	107	5	that	that	SCONJ
framr-1721	107	6	overconfident	overconfident	ADJ
framr-1721	107	7	managers	manager	NOUN
framr-1721	107	8	perceive	perceive	VERB
framr-1721	107	9	their	their	PRON
framr-1721	107	10	firms	firm	NOUN
framr-1721	107	11	to	to	PART
framr-1721	107	12	be	be	AUX
framr-1721	107	13	undervalued	undervalue	VERB
framr-1721	107	14	.	.	PUNCT
framr-1721	108	1	to	to	PART
framr-1721	108	2	correct	correct	VERB
framr-1721	108	3	this	this	DET
framr-1721	108	4	undervaluation	undervaluation	NOUN
framr-1721	108	5	leader	leader	NOUN
framr-1721	108	6	opts	opt	VERB
framr-1721	108	7	decisions	decision	NOUN
framr-1721	108	8	by	by	ADP
framr-1721	108	9	indicating	indicate	VERB
framr-1721	108	10	the	the	DET
framr-1721	108	11	performance	performance	NOUN
framr-1721	108	12	of	of	ADP
framr-1721	108	13	its	its	PRON
framr-1721	108	14	business	business	NOUN
framr-1721	108	15	,	,	PUNCT
framr-1721	108	16	the	the	DET
framr-1721	108	17	choice	choice	NOUN
framr-1721	108	18	of	of	ADP
framr-1721	108	19	long	long	ADJ
framr-1721	108	20	term	term	NOUN
framr-1721	108	21	debt	debt	NOUN
framr-1721	108	22	.	.	PUNCT
framr-1721	109	1	this	this	DET
framr-1721	109	2	choice	choice	NOUN
framr-1721	109	3	of	of	ADP
framr-1721	109	4	risky	risky	ADJ
framr-1721	109	5	financing	financing	NOUN
framr-1721	109	6	improves	improve	VERB
framr-1721	109	7	the	the	DET
framr-1721	109	8	evaluation	evaluation	NOUN
framr-1721	109	9	of	of	ADP
framr-1721	109	10	its	its	PRON
framr-1721	109	11	business	business	NOUN
framr-1721	109	12	in	in	ADP
framr-1721	109	13	the	the	DET
framr-1721	109	14	market	market	NOUN
framr-1721	109	15	and	and	CCONJ
framr-1721	109	16	increases	increase	VERB
framr-1721	109	17	its	its	PRON
framr-1721	109	18	reputation	reputation	NOUN
framr-1721	109	19	on	on	ADP
framr-1721	109	20	the	the	DET
framr-1721	109	21	labor	labor	NOUN
framr-1721	109	22	market	market	NOUN
framr-1721	109	23	.	.	PUNCT
framr-1721	110	1	this	this	PRON
framr-1721	110	2	implies	imply	VERB
framr-1721	110	3	positive	positive	ADJ
framr-1721	110	4	correlation	correlation	NOUN
framr-1721	110	5	between	between	ADP
framr-1721	110	6	ceo	ceo	NOUN
framr-1721	110	7	overconfidence	overconfidence	NOUN
framr-1721	110	8	level	level	NOUN
framr-1721	110	9	and	and	CCONJ
framr-1721	110	10	firm	firm	ADJ
framr-1721	110	11	debt	debt	NOUN
framr-1721	110	12	maturity	maturity	NOUN
framr-1721	110	13	choice	choice	NOUN
framr-1721	110	14	.	.	PUNCT
framr-1721	111	1	goel	goel	PROPN
framr-1721	111	2	and	and	CCONJ
framr-1721	111	3	thakor	thakor	PROPN
framr-1721	111	4	(	(	PUNCT
framr-1721	111	5	2008	2008	NUM
framr-1721	111	6	)	)	PUNCT
framr-1721	111	7	find	find	VERB
framr-1721	111	8	that	that	SCONJ
framr-1721	111	9	excessively	excessively	ADV
framr-1721	111	10	overconfident	overconfident	ADJ
framr-1721	111	11	ceos	ceo	NOUN
framr-1721	111	12	invest	invest	VERB
framr-1721	111	13	less	less	ADJ
framr-1721	111	14	in	in	ADP
framr-1721	111	15	information	information	NOUN
framr-1721	111	16	reception	reception	NOUN
framr-1721	111	17	and	and	CCONJ
framr-1721	111	18	jeopardize	jeopardize	VERB
framr-1721	111	19	the	the	DET
framr-1721	111	20	stakeholders	stakeholder	NOUN
framr-1721	111	21	.	.	PUNCT
framr-1721	112	1	this	this	PRON
framr-1721	112	2	implies	imply	VERB
framr-1721	112	3	that	that	SCONJ
framr-1721	112	4	the	the	DET
framr-1721	112	5	ceo	ceo	NOUN
framr-1721	112	6	overconfident	overconfident	NOUN
framr-1721	112	7	of	of	ADP
framr-1721	112	8	their	their	PRON
framr-1721	112	9	personal	personal	ADJ
framr-1721	112	10	abilities	ability	NOUN
framr-1721	112	11	opts	opt	VERB
framr-1721	112	12	for	for	ADP
framr-1721	112	13	diverging	diverge	VERB
framr-1721	112	14	choice	choice	NOUN
framr-1721	112	15	with	with	ADP
framr-1721	112	16	shareholders	shareholder	NOUN
framr-1721	112	17	’	'	PUNCT
framr-1721	112	18	interests	interest	NOUN
framr-1721	112	19	.	.	PUNCT
framr-1721	113	1	the	the	DET
framr-1721	113	2	diminution	diminution	NOUN
framr-1721	113	3	of	of	ADP
framr-1721	113	4	his	his	PRON
framr-1721	113	5	loss	loss	NOUN
framr-1721	113	6	aversion	aversion	NOUN
framr-1721	113	7	level	level	NOUN
framr-1721	113	8	he	he	PRON
framr-1721	113	9	impulse	impulse	VERB
framr-1721	113	10	to	to	PART
framr-1721	113	11	choose	choose	VERB
framr-1721	113	12	risky	risky	ADJ
framr-1721	113	13	decisions	decision	NOUN
framr-1721	113	14	and	and	CCONJ
framr-1721	113	15	negatively	negatively	ADV
framr-1721	113	16	correlated	correlate	VERB
framr-1721	113	17	with	with	ADP
framr-1721	113	18	creation	creation	NOUN
framr-1721	113	19	value	value	NOUN
framr-1721	113	20	objective	objective	NOUN
framr-1721	113	21	(	(	PUNCT
framr-1721	113	22	expensive	expensive	ADJ
framr-1721	113	23	)	)	PUNCT
framr-1721	113	24	,	,	PUNCT
framr-1721	113	25	the	the	DET
framr-1721	113	26	choice	choice	NOUN
framr-1721	113	27	of	of	ADP
framr-1721	113	28	risky	risky	ADJ
framr-1721	113	29	debt	debt	NOUN
framr-1721	113	30	in	in	ADP
framr-1721	113	31	the	the	DET
framr-1721	113	32	long	long	ADJ
framr-1721	113	33	term	term	NOUN
framr-1721	113	34	.	.	PUNCT
framr-1721	114	1	this	this	PRON
framr-1721	114	2	implies	imply	VERB
framr-1721	114	3	positive	positive	ADJ
framr-1721	114	4	correlation	correlation	NOUN
framr-1721	114	5	between	between	ADP
framr-1721	114	6	ceo	ceo	NOUN
framr-1721	114	7	overconfidence	overconfidence	NOUN
framr-1721	114	8	level	level	NOUN
framr-1721	114	9	and	and	CCONJ
framr-1721	114	10	firm	firm	ADJ
framr-1721	114	11	debt	debt	NOUN
framr-1721	114	12	maturity	maturity	NOUN
framr-1721	114	13	choice	choice	NOUN
framr-1721	114	14	.	.	PUNCT
framr-1721	115	1	ben	ben	PROPN
framr-1721	115	2	-	-	PUNCT
framr-1721	115	3	david	david	PROPN
framr-1721	115	4	et	et	PROPN
framr-1721	115	5	al	al	PROPN
framr-1721	115	6	.	.	PROPN
framr-1721	116	1	(	(	PUNCT
framr-1721	116	2	2010	2010	NUM
framr-1721	116	3	)	)	PUNCT
framr-1721	116	4	suggest	suggest	VERB
framr-1721	116	5	that	that	SCONJ
framr-1721	116	6	overconfident	overconfident	ADJ
framr-1721	116	7	managers	manager	NOUN
framr-1721	116	8	will	will	AUX
framr-1721	116	9	either	either	CCONJ
framr-1721	116	10	tend	tend	VERB
framr-1721	116	11	to	to	PART
framr-1721	116	12	underestimate	underestimate	VERB
framr-1721	116	13	the	the	DET
framr-1721	116	14	volatility	volatility	NOUN
framr-1721	116	15	of	of	ADP
framr-1721	116	16	their	their	PRON
framr-1721	116	17	firms	firm	NOUN
framr-1721	116	18	'	'	PART
framr-1721	116	19	future	future	ADJ
framr-1721	116	20	cash	cash	NOUN
framr-1721	116	21	flows	flow	NOUN
framr-1721	116	22	or	or	CCONJ
framr-1721	116	23	overweight	overweight	VERB
framr-1721	116	24	their	their	PRON
framr-1721	116	25	private	private	ADJ
framr-1721	116	26	signals	signal	NOUN
framr-1721	116	27	relative	relative	ADJ
framr-1721	116	28	to	to	ADP
framr-1721	116	29	public	public	ADJ
framr-1721	116	30	information	information	NOUN
framr-1721	116	31	.	.	PUNCT
framr-1721	117	1	this	this	DET
framr-1721	117	2	firm	firm	ADJ
framr-1721	117	3	risk	risk	NOUN
framr-1721	117	4	probability	probability	NOUN
framr-1721	117	5	underestimation	underestimation	NOUN
framr-1721	117	6	impulse	impulse	ADJ
framr-1721	117	7	ceo	ceo	NOUN
framr-1721	117	8	financial	financial	ADJ
framr-1721	117	9	risk	risk	NOUN
framr-1721	117	10	and	and	CCONJ
framr-1721	117	11	management	management	NOUN
framr-1721	117	12	reviews	review	NOUN
framr-1721	117	13	,	,	PUNCT
framr-1721	117	14	2016	2016	NUM
framr-1721	117	15	,	,	PUNCT
framr-1721	117	16	2(1	2(1	NUM
framr-1721	117	17	):	):	PUNCT
framr-1721	117	18	1	1	NUM
framr-1721	117	19	-	-	SYM
framr-1721	117	20	25	25	NUM
framr-1721	117	21	6	6	NUM
framr-1721	117	22	©	©	PROPN
framr-1721	117	23	2016	2016	NUM
framr-1721	117	24	conscientia	conscientia	PROPN
framr-1721	117	25	beam	beam	PROPN
framr-1721	117	26	.	.	PUNCT
framr-1721	118	1	all	all	DET
framr-1721	118	2	rights	right	NOUN
framr-1721	118	3	reserved	reserve	VERB
framr-1721	118	4	.	.	PUNCT
framr-1721	119	1	overconfident	overconfident	ADJ
framr-1721	119	2	to	to	PART
framr-1721	119	3	undertake	undertake	VERB
framr-1721	119	4	risky	risky	ADJ
framr-1721	119	5	policy	policy	NOUN
framr-1721	119	6	,	,	PUNCT
framr-1721	119	7	the	the	DET
framr-1721	119	8	choice	choice	NOUN
framr-1721	119	9	of	of	ADP
framr-1721	119	10	high	high	ADJ
framr-1721	119	11	debt	debt	NOUN
framr-1721	119	12	maturity	maturity	NOUN
framr-1721	119	13	.	.	PUNCT
framr-1721	120	1	this	this	PRON
framr-1721	120	2	implies	imply	VERB
framr-1721	120	3	positive	positive	ADJ
framr-1721	120	4	correlation	correlation	NOUN
framr-1721	120	5	between	between	ADP
framr-1721	120	6	ceo	ceo	NOUN
framr-1721	120	7	overconfidence	overconfidence	NOUN
framr-1721	120	8	level	level	NOUN
framr-1721	120	9	and	and	CCONJ
framr-1721	120	10	firm	firm	ADJ
framr-1721	120	11	debt	debt	NOUN
framr-1721	120	12	maturity	maturity	NOUN
framr-1721	120	13	choice	choice	NOUN
framr-1721	120	14	.	.	PUNCT
framr-1721	121	1	h3	h3	NOUN
framr-1721	121	2	:	:	PUNCT
framr-1721	121	3	overconfidence	overconfidence	NOUN
framr-1721	121	4	leader	leader	NOUN
framr-1721	121	5	accepts	accept	VERB
framr-1721	121	6	level	level	NOUN
framr-1721	121	7	of	of	ADP
framr-1721	121	8	maturity	maturity	NOUN
framr-1721	121	9	debt	debt	NOUN
framr-1721	121	10	greater	great	ADJ
framr-1721	121	11	than	than	ADP
framr-1721	121	12	rational	rational	ADJ
framr-1721	121	13	leader	leader	NOUN
framr-1721	121	14	.	.	PUNCT
framr-1721	122	1	3	3	X
framr-1721	122	2	.	.	X
framr-1721	122	3	research	research	NOUN
framr-1721	122	4	method	method	NOUN
framr-1721	122	5	3.1	3.1	NUM
framr-1721	122	6	.	.	PUNCT
framr-1721	123	1	data	datum	NOUN
framr-1721	123	2	to	to	PART
framr-1721	123	3	note	note	VERB
framr-1721	123	4	,	,	PUNCT
framr-1721	123	5	the	the	DET
framr-1721	123	6	empirical	empirical	ADJ
framr-1721	123	7	tests	test	NOUN
framr-1721	123	8	are	be	AUX
framr-1721	123	9	based	base	VERB
framr-1721	123	10	on	on	ADP
framr-1721	123	11	100	100	NUM
framr-1721	123	12	non	non	ADJ
framr-1721	123	13	-	-	ADJ
framr-1721	123	14	financial	financial	ADJ
framr-1721	123	15	tunisian	tunisian	ADJ
framr-1721	123	16	firms	firm	NOUN
framr-1721	123	17	during	during	ADP
framr-1721	123	18	the	the	DET
framr-1721	123	19	2010	2010	NUM
framr-1721	123	20	fiscal	fiscal	ADJ
framr-1721	123	21	year	year	NOUN
framr-1721	123	22	(	(	PUNCT
framr-1721	123	23	28	28	NUM
framr-1721	123	24	are	be	AUX
framr-1721	123	25	listed	list	VERB
framr-1721	123	26	companies	company	NOUN
framr-1721	123	27	and	and	CCONJ
framr-1721	123	28	82	82	NUM
framr-1721	123	29	are	be	AUX
framr-1721	123	30	non	non	ADJ
framr-1721	123	31	-	-	ADJ
framr-1721	123	32	listed	listed	ADJ
framr-1721	123	33	companies	company	NOUN
framr-1721	123	34	,	,	PUNCT
framr-1721	123	35	see	see	VERB
framr-1721	123	36	table	table	NOUN
framr-1721	123	37	1	1	NUM
framr-1721	123	38	)	)	PUNCT
framr-1721	123	39	.	.	PUNCT
framr-1721	124	1	all	all	DET
framr-1721	124	2	financial	financial	ADJ
framr-1721	124	3	firms	firm	NOUN
framr-1721	124	4	(	(	PUNCT
framr-1721	124	5	including	include	VERB
framr-1721	124	6	banks	bank	NOUN
framr-1721	124	7	)	)	PUNCT
framr-1721	124	8	outing	out	VERB
framr-1721	124	9	to	to	ADP
framr-1721	124	10	the	the	DET
framr-1721	124	11	fact	fact	NOUN
framr-1721	124	12	that	that	SCONJ
framr-1721	124	13	this	this	DET
framr-1721	124	14	business	business	NOUN
framr-1721	124	15	sector	sector	NOUN
framr-1721	124	16	is	be	AUX
framr-1721	124	17	regulated	regulate	VERB
framr-1721	124	18	and	and	CCONJ
framr-1721	124	19	likely	likely	ADJ
framr-1721	124	20	to	to	PART
framr-1721	124	21	have	have	VERB
framr-1721	124	22	fundamentally	fundamentally	ADV
framr-1721	124	23	different	different	ADJ
framr-1721	124	24	cash	cash	NOUN
framr-1721	124	25	flows	flow	NOUN
framr-1721	124	26	and	and	CCONJ
framr-1721	124	27	characteristics	characteristic	NOUN
framr-1721	124	28	.	.	PUNCT
framr-1721	125	1	firms	firm	NOUN
framr-1721	125	2	with	with	ADP
framr-1721	125	3	insufficient	insufficient	ADJ
framr-1721	125	4	data	datum	NOUN
framr-1721	125	5	regarding	regard	VERB
framr-1721	125	6	about	about	ADP
framr-1721	125	7	emotional	emotional	ADJ
framr-1721	125	8	characteristics	characteristic	NOUN
framr-1721	125	9	and	and	CCONJ
framr-1721	125	10	the	the	DET
framr-1721	125	11	board	board	NOUN
framr-1721	125	12	of	of	ADP
framr-1721	125	13	director	director	NOUN
framr-1721	125	14	’s	’s	PART
framr-1721	125	15	composition	composition	NOUN
framr-1721	125	16	are	be	AUX
framr-1721	125	17	also	also	ADV
framr-1721	125	18	excluded	exclude	VERB
framr-1721	125	19	.	.	PUNCT
framr-1721	126	1	the	the	DET
framr-1721	126	2	board	board	NOUN
framr-1721	126	3	’s	’s	PART
framr-1721	126	4	compositions	composition	NOUN
framr-1721	126	5	,	,	PUNCT
framr-1721	126	6	as	as	ADV
framr-1721	126	7	well	well	ADV
framr-1721	126	8	as	as	ADP
framr-1721	126	9	financial	financial	ADJ
framr-1721	126	10	characteristics	characteristic	NOUN
framr-1721	126	11	data	datum	NOUN
framr-1721	126	12	,	,	PUNCT
framr-1721	126	13	are	be	AUX
framr-1721	126	14	gathered	gather	VERB
framr-1721	126	15	from	from	ADP
framr-1721	126	16	the	the	DET
framr-1721	126	17	bvmt	bvmt	NOUN
framr-1721	126	18	annual	annual	ADJ
framr-1721	126	19	report	report	NOUN
framr-1721	126	20	.	.	PUNCT
framr-1721	127	1	emotional	emotional	ADJ
framr-1721	127	2	and	and	CCONJ
framr-1721	127	3	psychological	psychological	ADJ
framr-1721	127	4	characteristics	characteristic	NOUN
framr-1721	127	5	are	be	AUX
framr-1721	127	6	collected	collect	VERB
framr-1721	127	7	by	by	ADP
framr-1721	127	8	means	mean	NOUN
framr-1721	127	9	of	of	ADP
framr-1721	127	10	an	an	DET
framr-1721	127	11	administered	administer	VERB
framr-1721	127	12	questionnaire	questionnaire	NOUN
framr-1721	127	13	.	.	PUNCT
framr-1721	128	1	actually	actually	ADV
framr-1721	128	2	,	,	PUNCT
framr-1721	128	3	the	the	DET
framr-1721	128	4	selected	select	VERB
framr-1721	128	5	choice	choice	NOUN
framr-1721	128	6	deals	deal	NOUN
framr-1721	128	7	with	with	ADP
framr-1721	128	8	some	some	DET
framr-1721	128	9	homogeneous	homogeneous	ADJ
framr-1721	128	10	individuals	individual	NOUN
framr-1721	128	11	representing	represent	VERB
framr-1721	128	12	some	some	DET
framr-1721	128	13	tunisian	tunisian	ADJ
framr-1721	128	14	ceo	ceo	NOUN
framr-1721	128	15	representatives	representative	NOUN
framr-1721	128	16	of	of	ADP
framr-1721	128	17	100	100	NUM
framr-1721	128	18	firms	firm	NOUN
framr-1721	128	19	(	(	PUNCT
framr-1721	128	20	60	60	NUM
framr-1721	128	21	males	male	NOUN
framr-1721	128	22	,	,	PUNCT
framr-1721	128	23	35	35	NUM
framr-1721	128	24	females	female	NOUN
framr-1721	128	25	,	,	PUNCT
framr-1721	128	26	5	5	NUM
framr-1721	128	27	unreported	unreported	ADJ
framr-1721	128	28	)	)	PUNCT
framr-1721	128	29	,	,	PUNCT
framr-1721	128	30	ranging	range	VERB
framr-1721	128	31	in	in	ADP
framr-1721	128	32	age	age	NOUN
framr-1721	128	33	from	from	ADP
framr-1721	128	34	25	25	NUM
framr-1721	128	35	to	to	ADP
framr-1721	128	36	58	58	NUM
framr-1721	128	37	(	(	PUNCT
framr-1721	128	38	table	table	NOUN
framr-1721	128	39	2	2	NUM
framr-1721	128	40	)	)	PUNCT
framr-1721	128	41	.	.	PUNCT
framr-1721	129	1	table-1.visited	table-1.visite	VERB
framr-1721	129	2	companies	company	NOUN
framr-1721	129	3	initial	initial	ADJ
framr-1721	129	4	bvmt	bvmt	NOUN
framr-1721	129	5	sample	sample	NOUN
framr-1721	129	6	for	for	ADP
framr-1721	129	7	2010	2010	NUM
framr-1721	129	8	50	50	NUM
framr-1721	129	9	financial	financial	ADJ
framr-1721	129	10	firms	firm	NOUN
framr-1721	129	11	(	(	PUNCT
framr-1721	129	12	22	22	NUM
framr-1721	129	13	)	)	PUNCT
framr-1721	129	14	other	other	ADJ
framr-1721	129	15	non	non	ADJ
framr-1721	129	16	financial	financial	ADJ
framr-1721	129	17	firms	firm	NOUN
framr-1721	129	18	120	120	NUM
framr-1721	129	19	insufficient	insufficient	ADJ
framr-1721	129	20	data	datum	NOUN
framr-1721	129	21	to	to	ADP
framr-1721	129	22	emotional	emotional	ADJ
framr-1721	129	23	intelligence	intelligence	NOUN
framr-1721	129	24	(	(	PUNCT
framr-1721	129	25	40	40	NUM
framr-1721	129	26	)	)	PUNCT
framr-1721	129	27	insufficient	insufficient	ADJ
framr-1721	129	28	data	datum	NOUN
framr-1721	129	29	to	to	ADP
framr-1721	129	30	board	board	NOUN
framr-1721	129	31	of	of	ADP
framr-1721	129	32	directors	director	NOUN
framr-1721	129	33	compositions	composition	NOUN
framr-1721	129	34	(	(	PUNCT
framr-1721	129	35	8)	8)	NUM
framr-1721	129	36	final	final	ADJ
framr-1721	129	37	sample	sample	NOUN
framr-1721	129	38	100	100	NUM
framr-1721	129	39	source	source	NOUN
framr-1721	129	40	:	:	PUNCT
framr-1721	129	41	bvmt	bvmt	NOUN
framr-1721	129	42	most	most	ADJ
framr-1721	129	43	questionnaires	questionnaire	NOUN
framr-1721	129	44	have	have	AUX
framr-1721	129	45	been	be	AUX
framr-1721	129	46	distributed	distribute	VERB
framr-1721	129	47	by	by	ADP
framr-1721	129	48	the	the	DET
framr-1721	129	49	method	method	NOUN
framr-1721	129	50	of	of	ADP
framr-1721	129	51	door	door	NOUN
framr-1721	129	52	to	to	PART
framr-1721	129	53	door	door	VERB
framr-1721	129	54	to	to	PART
framr-1721	129	55	ensure	ensure	VERB
framr-1721	129	56	they	they	PRON
framr-1721	129	57	are	be	AUX
framr-1721	129	58	personally	personally	ADV
framr-1721	129	59	delivered	deliver	VERB
framr-1721	129	60	to	to	ADP
framr-1721	129	61	the	the	DET
framr-1721	129	62	person	person	NOUN
framr-1721	129	63	concerned	concern	VERB
framr-1721	129	64	;	;	PUNCT
framr-1721	129	65	few	few	ADJ
framr-1721	129	66	among	among	ADP
framr-1721	129	67	them	they	PRON
framr-1721	129	68	have	have	AUX
framr-1721	129	69	been	be	AUX
framr-1721	129	70	mailed	mail	VERB
framr-1721	129	71	,	,	PUNCT
framr-1721	129	72	for	for	ADP
framr-1721	129	73	businesses	business	NOUN
framr-1721	129	74	located	locate	VERB
framr-1721	129	75	outside	outside	ADP
framr-1721	129	76	the	the	DET
framr-1721	129	77	greater	great	ADJ
framr-1721	129	78	tunis	tunis	NOUN
framr-1721	129	79	area	area	NOUN
framr-1721	129	80	.	.	PUNCT
framr-1721	130	1	it	it	PRON
framr-1721	130	2	is	be	AUX
framr-1721	130	3	worth	worth	ADJ
framr-1721	130	4	noting	note	VERB
framr-1721	130	5	,	,	PUNCT
framr-1721	130	6	however	however	ADV
framr-1721	130	7	,	,	PUNCT
framr-1721	130	8	a	a	DET
framr-1721	130	9	broader	broad	ADJ
framr-1721	130	10	sample	sample	NOUN
framr-1721	130	11	that	that	SCONJ
framr-1721	130	12	even	even	ADV
framr-1721	130	13	if	if	SCONJ
framr-1721	130	14	it	it	PRON
framr-1721	130	15	had	have	AUX
framr-1721	130	16	been	be	AUX
framr-1721	130	17	envisaged	envisage	VERB
framr-1721	130	18	to	to	PART
framr-1721	130	19	be	be	AUX
framr-1721	130	20	studied	study	VERB
framr-1721	130	21	and	and	CCONJ
framr-1721	130	22	that	that	SCONJ
framr-1721	130	23	more	more	ADJ
framr-1721	130	24	than	than	ADP
framr-1721	130	25	100	100	NUM
framr-1721	130	26	questionnaires	questionnaire	NOUN
framr-1721	130	27	had	have	AUX
framr-1721	130	28	been	be	AUX
framr-1721	130	29	distributed	distribute	VERB
framr-1721	130	30	for	for	ADP
framr-1721	130	31	this	this	DET
framr-1721	130	32	purpose	purpose	NOUN
framr-1721	130	33	,	,	PUNCT
framr-1721	130	34	we	we	PRON
framr-1721	130	35	would	would	AUX
framr-1721	130	36	have	have	AUX
framr-1721	130	37	received	receive	VERB
framr-1721	130	38	far	far	ADV
framr-1721	130	39	fewer	few	ADJ
framr-1721	130	40	responses	response	NOUN
framr-1721	130	41	than	than	SCONJ
framr-1721	130	42	expected	expect	VERB
framr-1721	130	43	(	(	PUNCT
framr-1721	130	44	return	return	VERB
framr-1721	130	45	rate	rate	NOUN
framr-1721	130	46	44.84	44.84	NUM
framr-1721	130	47	per	per	ADP
framr-1721	130	48	cent	cent	NOUN
framr-1721	130	49	:	:	PUNCT
framr-1721	130	50	although	although	SCONJ
framr-1721	130	51	the	the	DET
framr-1721	130	52	number	number	NOUN
framr-1721	130	53	of	of	ADP
framr-1721	130	54	distributed	distribute	VERB
framr-1721	130	55	questionnaires	questionnaire	NOUN
framr-1721	130	56	reached	reach	VERB
framr-1721	130	57	223	223	NUM
framr-1721	130	58	,	,	PUNCT
framr-1721	130	59	the	the	DET
framr-1721	130	60	responses	response	NOUN
framr-1721	130	61	received	receive	VERB
framr-1721	130	62	did	do	AUX
framr-1721	130	63	not	not	PART
framr-1721	130	64	exceeded	exceed	VERB
framr-1721	130	65	100	100	NUM
framr-1721	130	66	ceo	ceo	NOUN
framr-1721	130	67	)	)	PUNCT
framr-1721	130	68	.	.	PUNCT
framr-1721	131	1	financial	financial	ADJ
framr-1721	131	2	risk	risk	NOUN
framr-1721	131	3	and	and	CCONJ
framr-1721	131	4	management	management	NOUN
framr-1721	131	5	reviews	review	NOUN
framr-1721	131	6	,	,	PUNCT
framr-1721	131	7	2016	2016	NUM
framr-1721	131	8	,	,	PUNCT
framr-1721	131	9	2(1	2(1	NUM
framr-1721	131	10	):	):	PUNCT
framr-1721	131	11	1	1	NUM
framr-1721	131	12	-	-	SYM
framr-1721	131	13	25	25	NUM
framr-1721	131	14	7	7	NUM
framr-1721	131	15	©	©	PROPN
framr-1721	131	16	2016	2016	NUM
framr-1721	131	17	conscientia	conscientia	PROPN
framr-1721	131	18	beam	beam	PROPN
framr-1721	131	19	.	.	PUNCT
framr-1721	132	1	all	all	DET
framr-1721	132	2	rights	right	NOUN
framr-1721	132	3	reserved	reserve	VERB
framr-1721	132	4	.	.	PUNCT
framr-1721	133	1	table-2.ceos	table-2.ceo	NOUN
framr-1721	133	2	’	'	PUNCT
framr-1721	133	3	characteristics	characteristic	NOUN
framr-1721	133	4	n	n	PRON
framr-1721	133	5	percentages	percentage	NOUN
framr-1721	133	6	age	age	VERB
framr-1721	133	7	25	25	NUM
framr-1721	133	8	-	-	SYM
framr-1721	133	9	30	30	NUM
framr-1721	133	10	years	year	NOUN
framr-1721	133	11	31	31	NUM
framr-1721	133	12	-	-	SYM
framr-1721	133	13	40	40	NUM
framr-1721	133	14	years	year	NOUN
framr-1721	133	15	40	40	NUM
framr-1721	133	16	-	-	SYM
framr-1721	133	17	49	49	NUM
framr-1721	133	18	years	year	NOUN
framr-1721	133	19	over	over	ADP
framr-1721	133	20	50	50	NUM
framr-1721	133	21	years	year	NOUN
framr-1721	133	22	5	5	NUM
framr-1721	133	23	20	20	NUM
framr-1721	133	24	35	35	NUM
framr-1721	133	25	40	40	NUM
framr-1721	133	26	5	5	NUM
framr-1721	133	27	%	%	NOUN
framr-1721	133	28	20	20	NUM
framr-1721	133	29	%	%	NOUN
framr-1721	133	30	35	35	NUM
framr-1721	133	31	%	%	NOUN
framr-1721	133	32	40	40	NUM
framr-1721	133	33	%	%	NOUN
framr-1721	133	34	gender	gender	NOUN
framr-1721	133	35	/	/	SYM
framr-1721	133	36	sex	sex	NOUN
framr-1721	133	37	males	male	NOUN
framr-1721	133	38	females	female	NOUN
framr-1721	133	39	unreported	unreporte	VERB
framr-1721	133	40	60	60	NUM
framr-1721	133	41	35	35	NUM
framr-1721	133	42	5	5	NUM
framr-1721	133	43	60	60	NUM
framr-1721	133	44	%	%	NOUN
framr-1721	133	45	35	35	NUM
framr-1721	133	46	%	%	NOUN
framr-1721	133	47	5	5	NUM
framr-1721	133	48	%	%	NOUN
framr-1721	133	49	degree	degree	NOUN
framr-1721	133	50	baccalaureate	baccalaureate	NOUN
framr-1721	133	51	bac	bac	NOUN
framr-1721	133	52	+	+	CCONJ
framr-1721	133	53	2	2	NUM
framr-1721	133	54	bac	bac	NOUN
framr-1721	133	55	+	+	CCONJ
framr-1721	133	56	4	4	NUM
framr-1721	133	57	das	das	PROPN
framr-1721	133	58	/	/	SYM
framr-1721	133	59	hdss	hdss	NOUN
framr-1721	133	60	15	15	NUM
framr-1721	133	61	20	20	NUM
framr-1721	133	62	30	30	NUM
framr-1721	133	63	35	35	NUM
framr-1721	133	64	15	15	NUM
framr-1721	133	65	%	%	NOUN
framr-1721	133	66	20	20	NUM
framr-1721	133	67	%	%	NOUN
framr-1721	133	68	30	30	NUM
framr-1721	133	69	%	%	NOUN
framr-1721	133	70	35	35	NUM
framr-1721	133	71	%	%	NOUN
framr-1721	133	72	indeed	indeed	ADV
framr-1721	133	73	,	,	PUNCT
framr-1721	133	74	many	many	ADJ
framr-1721	133	75	of	of	ADP
framr-1721	133	76	the	the	DET
framr-1721	133	77	adduced	adduce	VERB
framr-1721	133	78	have	have	AUX
framr-1721	133	79	refused	refuse	VERB
framr-1721	133	80	to	to	PART
framr-1721	133	81	respond	respond	VERB
framr-1721	133	82	to	to	ADP
framr-1721	133	83	our	our	PRON
framr-1721	133	84	questions	question	NOUN
framr-1721	133	85	on	on	ADP
framr-1721	133	86	the	the	DET
framr-1721	133	87	ground	ground	NOUN
framr-1721	133	88	of	of	ADP
framr-1721	133	89	several	several	ADJ
framr-1721	133	90	reasons	reason	NOUN
framr-1721	133	91	,	,	PUNCT
framr-1721	133	92	namely	namely	ADV
framr-1721	133	93	,	,	PUNCT
framr-1721	133	94	that	that	SCONJ
framr-1721	133	95	:	:	PUNCT
framr-1721	133	96			X
framr-1721	133	97	they	they	PRON
framr-1721	133	98	are	be	AUX
framr-1721	133	99	too	too	ADV
framr-1721	133	100	busy	busy	ADJ
framr-1721	133	101	and	and	CCONJ
framr-1721	133	102	have	have	VERB
framr-1721	133	103	no	no	DET
framr-1721	133	104	time	time	NOUN
framr-1721	133	105	to	to	PART
framr-1721	133	106	devote	devote	VERB
framr-1721	133	107	to	to	ADP
framr-1721	133	108	research	research	NOUN
framr-1721	133	109	;	;	PUNCT
framr-1721	133	110			VERB
framr-1721	133	111	they	they	PRON
framr-1721	133	112	generally	generally	ADV
framr-1721	133	113	do	do	AUX
framr-1721	133	114	not	not	PART
framr-1721	133	115	pay	pay	VERB
framr-1721	133	116	any	any	DET
framr-1721	133	117	interest	interest	NOUN
framr-1721	133	118	to	to	ADP
framr-1721	133	119	the	the	DET
framr-1721	133	120	questionnaires	questionnaire	NOUN
framr-1721	133	121	submitted	submit	VERB
framr-1721	133	122	by	by	ADP
framr-1721	133	123	students	student	NOUN
framr-1721	133	124	and	and	CCONJ
framr-1721	133	125	would	would	AUX
framr-1721	133	126	return	return	VERB
framr-1721	133	127	them	they	PRON
framr-1721	133	128	to	to	ADP
framr-1721	133	129	their	their	PRON
framr-1721	133	130	assistants	assistant	NOUN
framr-1721	133	131	or	or	CCONJ
framr-1721	133	132	other	other	ADJ
framr-1721	133	133	staff	staff	NOUN
framr-1721	133	134	for	for	ADP
framr-1721	133	135	a	a	DET
framr-1721	133	136	response	response	NOUN
framr-1721	133	137	(	(	PUNCT
framr-1721	133	138	this	this	PRON
framr-1721	133	139	has	have	AUX
framr-1721	133	140	been	be	AUX
framr-1721	133	141	the	the	DET
framr-1721	133	142	case	case	NOUN
framr-1721	133	143	of	of	ADP
framr-1721	133	144	our	our	PRON
framr-1721	133	145	officer	officer	NOUN
framr-1721	133	146	-	-	PUNCT
framr-1721	133	147	centered	center	VERB
framr-1721	133	148	research	research	NOUN
framr-1721	133	149	)	)	PUNCT
framr-1721	133	150	;	;	PUNCT
framr-1721	133	151	and	and	CCONJ
framr-1721	133	152			VERB
framr-1721	133	153	they	they	PRON
framr-1721	133	154	perceive	perceive	VERB
framr-1721	133	155	that	that	SCONJ
framr-1721	133	156	the	the	DET
framr-1721	133	157	questionnaire	questionnaire	NOUN
framr-1721	133	158	is	be	AUX
framr-1721	133	159	a	a	DET
framr-1721	133	160	sort	sort	NOUN
framr-1721	133	161	of	of	ADP
framr-1721	133	162	‘	'	PUNCT
framr-1721	133	163	‘	'	PUNCT
framr-1721	133	164	control	control	ADJ
framr-1721	133	165	’’	’'	PUNCT
framr-1721	133	166	damage	damage	NOUN
framr-1721	133	167	to	to	ADP
framr-1721	133	168	their	their	PRON
framr-1721	133	169	private	private	ADJ
framr-1721	133	170	lives	life	NOUN
framr-1721	133	171	and	and	CCONJ
framr-1721	133	172	that	that	SCONJ
framr-1721	133	173	it	it	PRON
framr-1721	133	174	is	be	AUX
framr-1721	133	175	out	out	ADP
framr-1721	133	176	of	of	ADP
framr-1721	133	177	the	the	DET
framr-1721	133	178	question	question	NOUN
framr-1721	133	179	to	to	PART
framr-1721	133	180	answer	answer	VERB
framr-1721	133	181	.	.	PUNCT
framr-1721	134	1	other	other	ADJ
framr-1721	134	2	encountered	encounter	VERB
framr-1721	134	3	difficulties	difficulty	NOUN
framr-1721	134	4	are	be	AUX
framr-1721	134	5	mainly	mainly	ADV
framr-1721	134	6	due	due	ADJ
framr-1721	134	7	to	to	ADP
framr-1721	134	8	the	the	DET
framr-1721	134	9	administrative	administrative	ADJ
framr-1721	134	10	procedures	procedure	NOUN
framr-1721	134	11	and	and	CCONJ
framr-1721	134	12	hierarchical	hierarchical	ADJ
framr-1721	134	13	procedures	procedure	NOUN
framr-1721	134	14	which	which	PRON
framr-1721	134	15	linger	linger	VERB
framr-1721	134	16	questionnaires	questionnaire	NOUN
framr-1721	134	17	to	to	ADP
framr-1721	134	18	the	the	DET
framr-1721	134	19	recoveries	recovery	NOUN
framr-1721	134	20	.	.	PUNCT
framr-1721	135	1	fortunately	fortunately	ADV
framr-1721	135	2	,	,	PUNCT
framr-1721	135	3	the	the	DET
framr-1721	135	4	leaders	leader	NOUN
framr-1721	135	5	who	who	PRON
framr-1721	135	6	had	have	AUX
framr-1721	135	7	been	be	AUX
framr-1721	135	8	so	so	ADV
framr-1721	135	9	kind	kind	ADJ
framr-1721	135	10	as	as	SCONJ
framr-1721	135	11	to	to	PART
framr-1721	135	12	cooperate	cooperate	VERB
framr-1721	135	13	and	and	CCONJ
framr-1721	135	14	help	help	VERB
framr-1721	135	15	us	we	PRON
framr-1721	135	16	formulate	formulate	VERB
framr-1721	135	17	and	and	CCONJ
framr-1721	135	18	set	set	VERB
framr-1721	135	19	up	up	ADP
framr-1721	135	20	our	our	PRON
framr-1721	135	21	sample	sample	NOUN
framr-1721	135	22	eventually	eventually	ADV
framr-1721	135	23	composed	compose	VERB
framr-1721	135	24	of	of	ADP
framr-1721	135	25	100	100	NUM
framr-1721	135	26	private	private	ADJ
framr-1721	135	27	company	company	NOUN
framr-1721	135	28	leaders	leader	NOUN
framr-1721	135	29	,	,	PUNCT
framr-1721	135	30	belonging	belong	VERB
framr-1721	135	31	mostly	mostly	ADV
framr-1721	135	32	to	to	ADP
framr-1721	135	33	the	the	DET
framr-1721	135	34	industrial	industrial	ADJ
framr-1721	135	35	sector	sector	NOUN
framr-1721	135	36	.	.	PUNCT
framr-1721	136	1	3.2	3.2	NUM
framr-1721	136	2	.	.	PUNCT
framr-1721	136	3	variables	variable	NOUN
framr-1721	136	4	’	'	PUNCT
framr-1721	136	5	measurement	measurement	NOUN
framr-1721	136	6	the	the	DET
framr-1721	136	7	objective	objective	NOUN
framr-1721	136	8	of	of	ADP
framr-1721	136	9	this	this	DET
framr-1721	136	10	section	section	NOUN
framr-1721	136	11	is	be	AUX
framr-1721	136	12	to	to	PART
framr-1721	136	13	determine	determine	VERB
framr-1721	136	14	the	the	DET
framr-1721	136	15	variables	variable	NOUN
framr-1721	136	16	’	'	PUNCT
framr-1721	136	17	measurement	measurement	NOUN
framr-1721	136	18	.	.	PUNCT
framr-1721	137	1	3.2.1	3.2.1	NUM
framr-1721	137	2	.	.	PUNCT
framr-1721	137	3	debt	debt	NOUN
framr-1721	137	4	maturity	maturity	NOUN
framr-1721	137	5	the	the	DET
framr-1721	137	6	deadline	deadline	NOUN
framr-1721	137	7	is	be	AUX
framr-1721	137	8	the	the	DET
framr-1721	137	9	measure	measure	NOUN
framr-1721	137	10	most	most	ADV
framr-1721	137	11	famous	famous	ADJ
framr-1721	137	12	of	of	ADP
framr-1721	137	13	the	the	DET
framr-1721	137	14	life	life	NOUN
framr-1721	137	15	of	of	ADP
framr-1721	137	16	the	the	DET
framr-1721	137	17	debt	debt	NOUN
framr-1721	137	18	that	that	PRON
framr-1721	137	19	is	be	AUX
framr-1721	137	20	the	the	DET
framr-1721	137	21	time	time	NOUN
framr-1721	137	22	between	between	ADP
framr-1721	137	23	the	the	DET
framr-1721	137	24	date	date	NOUN
framr-1721	137	25	of	of	ADP
framr-1721	137	26	possession	possession	NOUN
framr-1721	137	27	of	of	ADP
framr-1721	137	28	the	the	DET
framr-1721	137	29	borrowing	borrowing	NOUN
framr-1721	137	30	and	and	CCONJ
framr-1721	137	31	repayment	repayment	NOUN
framr-1721	137	32	.	.	PUNCT
framr-1721	138	1	debts	debt	NOUN
framr-1721	138	2	are	be	AUX
framr-1721	138	3	classified	classify	VERB
framr-1721	138	4	according	accord	VERB
framr-1721	138	5	to	to	ADP
framr-1721	138	6	the	the	DET
framr-1721	138	7	three	three	NUM
framr-1721	138	8	following	follow	VERB
framr-1721	138	9	periods	period	NOUN
framr-1721	138	10	:	:	PUNCT
framr-1721	138	11	one	one	NUM
framr-1721	138	12	year	year	NOUN
framr-1721	138	13	at	at	ADP
framr-1721	138	14	most	most	ADV
framr-1721	138	15	,	,	PUNCT
framr-1721	138	16	one	one	NUM
framr-1721	138	17	year	year	NOUN
framr-1721	138	18	and	and	CCONJ
framr-1721	138	19	five	five	NUM
framr-1721	138	20	years	year	NOUN
framr-1721	138	21	and	and	CCONJ
framr-1721	138	22	more	more	ADJ
framr-1721	138	23	than	than	ADP
framr-1721	138	24	five	five	NUM
framr-1721	138	25	years	year	NOUN
framr-1721	138	26	.	.	PUNCT
framr-1721	139	1	for	for	ADP
framr-1721	139	2	our	our	PRON
framr-1721	139	3	part	part	NOUN
framr-1721	139	4	,	,	PUNCT
framr-1721	139	5	we	we	PRON
framr-1721	139	6	consider	consider	VERB
framr-1721	139	7	bank	bank	NOUN
framr-1721	139	8	debt	debt	NOUN
framr-1721	139	9	long	long	ADJ
framr-1721	139	10	-	-	PUNCT
framr-1721	139	11	term	term	NOUN
framr-1721	139	12	(	(	PUNCT
framr-1721	139	13	or	or	CCONJ
framr-1721	139	14	more	more	ADV
framr-1721	139	15	logically	logically	ADV
framr-1721	139	16	medium	medium	ADJ
framr-1721	139	17	and	and	CCONJ
framr-1721	139	18	long	long	ADJ
framr-1721	139	19	term	term	NOUN
framr-1721	139	20	)	)	PUNCT
framr-1721	139	21	,	,	PUNCT
framr-1721	139	22	any	any	DET
framr-1721	139	23	debt	debt	NOUN
framr-1721	139	24	granted	grant	VERB
framr-1721	139	25	to	to	ADP
framr-1721	139	26	a	a	DET
framr-1721	139	27	credit	credit	NOUN
framr-1721	139	28	institution	institution	NOUN
framr-1721	139	29	having	have	VERB
framr-1721	139	30	a	a	DET
framr-1721	139	31	period	period	NOUN
framr-1721	139	32	of	of	ADP
framr-1721	139	33	payment	payment	NOUN
framr-1721	139	34	over	over	ADP
framr-1721	139	35	a	a	DET
framr-1721	139	36	year	year	NOUN
framr-1721	139	37	.	.	PUNCT
framr-1721	140	1	we	we	PRON
framr-1721	140	2	propose	propose	VERB
framr-1721	140	3	to	to	PART
framr-1721	140	4	use	use	VERB
framr-1721	140	5	in	in	ADP
framr-1721	140	6	our	our	PRON
framr-1721	140	7	study	study	NOUN
framr-1721	140	8	the	the	DET
framr-1721	140	9	ratio	ratio	NOUN
framr-1721	140	10	of	of	ADP
framr-1721	140	11	long	long	ADJ
framr-1721	140	12	-	-	PUNCT
framr-1721	140	13	term	term	NOUN
framr-1721	140	14	debt	debt	NOUN
framr-1721	140	15	term	term	NOUN
framr-1721	140	16	total	total	ADJ
framr-1721	140	17	debt	debt	NOUN
framr-1721	140	18	as	as	ADP
framr-1721	140	19	a	a	DET
framr-1721	140	20	measure	measure	NOUN
framr-1721	140	21	of	of	ADP
framr-1721	140	22	the	the	DET
framr-1721	140	23	dependent	dependent	ADJ
framr-1721	140	24	variable	variable	NOUN
framr-1721	140	25	.	.	PUNCT
framr-1721	141	1	the	the	DET
framr-1721	141	2	amount	amount	NOUN
framr-1721	141	3	of	of	ADP
framr-1721	141	4	debt	debt	NOUN
framr-1721	141	5	reported	report	VERB
framr-1721	141	6	long	long	ADJ
framr-1721	141	7	-	-	PUNCT
framr-1721	141	8	term	term	NOUN
framr-1721	141	9	to	to	PART
framr-1721	141	10	total	total	VERB
framr-1721	141	11	debt	debt	NOUN
framr-1721	141	12	and	and	CCONJ
framr-1721	141	13	total	total	ADJ
framr-1721	141	14	assets	asset	NOUN
framr-1721	141	15	not	not	PART
framr-1721	141	16	to	to	PART
framr-1721	141	17	separate	separate	VERB
framr-1721	141	18	the	the	DET
framr-1721	141	19	decision	decision	NOUN
framr-1721	141	20	of	of	ADP
framr-1721	141	21	the	the	DET
framr-1721	141	22	debt	debt	NOUN
framr-1721	141	23	maturity	maturity	NOUN
framr-1721	141	24	and	and	CCONJ
framr-1721	141	25	the	the	DET
framr-1721	141	26	decision	decision	NOUN
framr-1721	141	27	of	of	ADP
framr-1721	141	28	leverage	leverage	NOUN
framr-1721	141	29	.	.	PUNCT
framr-1721	142	1	financial	financial	ADJ
framr-1721	142	2	risk	risk	NOUN
framr-1721	142	3	and	and	CCONJ
framr-1721	142	4	management	management	NOUN
framr-1721	142	5	reviews	review	NOUN
framr-1721	142	6	,	,	PUNCT
framr-1721	142	7	2016	2016	NUM
framr-1721	142	8	,	,	PUNCT
framr-1721	142	9	2(1	2(1	NUM
framr-1721	142	10	):	):	PUNCT
framr-1721	142	11	1	1	NUM
framr-1721	142	12	-	-	SYM
framr-1721	142	13	25	25	NUM
framr-1721	142	14	8	8	NUM
framr-1721	142	15	©	©	PROPN
framr-1721	142	16	2016	2016	NUM
framr-1721	142	17	conscientia	conscientia	PROPN
framr-1721	142	18	beam	beam	PROPN
framr-1721	142	19	.	.	PUNCT
framr-1721	143	1	all	all	DET
framr-1721	143	2	rights	right	NOUN
framr-1721	143	3	reserved	reserve	VERB
framr-1721	143	4	.	.	PUNCT
framr-1721	144	1	dmat=	dmat=	NUM
framr-1721	144	2	long	long	ADJ
framr-1721	144	3	term	term	NOUN
framr-1721	144	4	debet	debet	PROPN
framr-1721	144	5	/	/	SYM
framr-1721	144	6	total	total	ADJ
framr-1721	144	7	debet	debet	NOUN
framr-1721	144	8	this	this	PRON
framr-1721	144	9	measured	measure	VERB
framr-1721	144	10	is	be	AUX
framr-1721	144	11	used	use	VERB
framr-1721	144	12	by	by	ADP
framr-1721	144	13	scherr	scherr	NOUN
framr-1721	144	14	and	and	CCONJ
framr-1721	144	15	hulbert	hulbert	PROPN
framr-1721	144	16	(	(	PUNCT
framr-1721	144	17	2001	2001	NUM
framr-1721	144	18	)	)	PUNCT
framr-1721	144	19	;	;	PUNCT
framr-1721	145	1	barclay	barclay	PROPN
framr-1721	145	2	and	and	CCONJ
framr-1721	145	3	smith	smith	PROPN
framr-1721	145	4	(	(	PUNCT
framr-1721	145	5	1995	1995	NUM
framr-1721	145	6	)	)	PUNCT
framr-1721	145	7	and	and	CCONJ
framr-1721	145	8	gueney	gueney	NOUN
framr-1721	145	9	and	and	CCONJ
framr-1721	145	10	paudyal	paudyal	PROPN
framr-1721	145	11	(	(	PUNCT
framr-1721	145	12	2003	2003	NUM
framr-1721	145	13	)	)	PUNCT
framr-1721	145	14	3.2.2	3.2.2	NUM
framr-1721	145	15	.	.	PUNCT
framr-1721	146	1	emotional	emotional	ADJ
framr-1721	146	2	bias	bias	NOUN
framr-1721	146	3	the	the	DET
framr-1721	146	4	questionnaire	questionnaire	NOUN
framr-1721	146	5	focuses	focus	VERB
framr-1721	146	6	on	on	ADP
framr-1721	146	7	evaluating	evaluate	VERB
framr-1721	146	8	and	and	CCONJ
framr-1721	146	9	scoring	scoring	NOUN
framr-1721	146	10	of	of	ADP
framr-1721	146	11	the	the	DET
framr-1721	146	12	three	three	NUM
framr-1721	146	13	emotional	emotional	ADJ
framr-1721	146	14	biases	bias	NOUN
framr-1721	146	15	(	(	PUNCT
framr-1721	146	16	risk	risk	NOUN
framr-1721	146	17	aversion	aversion	NOUN
framr-1721	146	18	,	,	PUNCT
framr-1721	146	19	optimism	optimism	NOUN
framr-1721	146	20	and	and	CCONJ
framr-1721	146	21	overconfidence	overconfidence	NOUN
framr-1721	146	22	)	)	PUNCT
framr-1721	146	23	.	.	PUNCT
framr-1721	147	1	the	the	DET
framr-1721	147	2	questions	question	NOUN
framr-1721	147	3	have	have	AUX
framr-1721	147	4	been	be	AUX
framr-1721	147	5	inspired	inspire	VERB
framr-1721	147	6	from	from	ADP
framr-1721	147	7	the	the	DET
framr-1721	147	8	questionnaires	questionnaire	NOUN
framr-1721	147	9	formulated	formulate	VERB
framr-1721	147	10	by	by	ADP
framr-1721	147	11	the	the	DET
framr-1721	147	12	fern	fern	PROPN
framr-1721	147	13	hill	hill	NOUN
framr-1721	147	14	and	and	CCONJ
framr-1721	147	15	industrial	industrial	ADJ
framr-1721	147	16	alliance	alliance	NOUN
framr-1721	147	17	companies	company	NOUN
framr-1721	147	18	(	(	PUNCT
framr-1721	147	19	table	table	NOUN
framr-1721	147	20	3	3	NUM
framr-1721	147	21	)	)	PUNCT
framr-1721	147	22	.	.	PUNCT
framr-1721	148	1	the	the	DET
framr-1721	148	2	emotional	emotional	ADJ
framr-1721	148	3	bias	bias	NOUN
framr-1721	148	4	takes	take	VERB
framr-1721	148	5	2	2	NUM
framr-1721	148	6	follows	follow	VERB
framr-1721	148	7	:	:	PUNCT
framr-1721	148	8	•	•	NUM
framr-1721	148	9	1	1	NUM
framr-1721	148	10	if	if	SCONJ
framr-1721	148	11	the	the	DET
framr-1721	148	12	individual	individual	NOUN
framr-1721	148	13	has	have	VERB
framr-1721	148	14	a	a	DET
framr-1721	148	15	high	high	ADJ
framr-1721	148	16	level	level	NOUN
framr-1721	148	17	for	for	ADP
framr-1721	148	18	each	each	DET
framr-1721	148	19	bias	bias	NOUN
framr-1721	148	20	.	.	PUNCT
framr-1721	149	1	•	•	NUM
framr-1721	149	2	0	0	NUM
framr-1721	149	3	if	if	SCONJ
framr-1721	149	4	not	not	PART
framr-1721	149	5	.	.	PUNCT
framr-1721	150	1	3.2.3	3.2.3	X
framr-1721	150	2	.	.	X
framr-1721	150	3	investment	investment	NOUN
framr-1721	150	4	decision	decision	NOUN
framr-1721	150	5	the	the	DET
framr-1721	150	6	purpose	purpose	NOUN
framr-1721	150	7	of	of	ADP
framr-1721	150	8	this	this	DET
framr-1721	150	9	article	article	NOUN
framr-1721	150	10	is	be	AUX
framr-1721	150	11	to	to	PART
framr-1721	150	12	show	show	VERB
framr-1721	150	13	the	the	DET
framr-1721	150	14	impact	impact	NOUN
framr-1721	150	15	of	of	ADP
framr-1721	150	16	emotions	emotion	NOUN
framr-1721	150	17	on	on	ADP
framr-1721	150	18	the	the	DET
framr-1721	150	19	firms	firm	NOUN
framr-1721	150	20	’	’	PART
framr-1721	150	21	investment	investment	NOUN
framr-1721	150	22	decision	decision	NOUN
framr-1721	150	23	(	(	PUNCT
framr-1721	150	24	investment	investment	NOUN
framr-1721	150	25	nature	nature	NOUN
framr-1721	150	26	,	,	PUNCT
framr-1721	150	27	level	level	NOUN
framr-1721	150	28	and	and	CCONJ
framr-1721	150	29	horizon	horizon	NOUN
framr-1721	150	30	)	)	PUNCT
framr-1721	150	31	.	.	PUNCT
framr-1721	151	1	the	the	DET
framr-1721	151	2	appropriate	appropriate	ADJ
framr-1721	151	3	measures	measure	NOUN
framr-1721	151	4	in	in	ADP
framr-1721	151	5	the	the	DET
framr-1721	151	6	literature	literature	NOUN
framr-1721	151	7	to	to	PART
framr-1721	151	8	evaluate	evaluate	VERB
framr-1721	151	9	investment	investment	NOUN
framr-1721	151	10	decision	decision	NOUN
framr-1721	151	11	are	be	AUX
framr-1721	151	12	:	:	PUNCT
framr-1721	151	13	3.2.3.1	3.2.3.1	X
framr-1721	151	14	.	.	NOUN
framr-1721	151	15	assets	asset	NOUN
framr-1721	151	16	specificity	specificity	NOUN
framr-1721	151	17	in	in	ADP
framr-1721	151	18	our	our	PRON
framr-1721	151	19	study	study	NOUN
framr-1721	151	20	,	,	PUNCT
framr-1721	151	21	we	we	PRON
framr-1721	151	22	will	will	AUX
framr-1721	151	23	use	use	VERB
framr-1721	151	24	the	the	DET
framr-1721	151	25	degree	degree	NOUN
framr-1721	151	26	of	of	ADP
framr-1721	151	27	assets	asset	NOUN
framr-1721	151	28	intangibility	intangibility	NOUN
framr-1721	151	29	as	as	ADP
framr-1721	151	30	a	a	DET
framr-1721	151	31	proxy	proxy	NOUN
framr-1721	151	32	of	of	ADP
framr-1721	151	33	the	the	DET
framr-1721	151	34	specific	specific	ADJ
framr-1721	151	35	investments	investment	NOUN
framr-1721	151	36	.	.	PUNCT
framr-1721	152	1	the	the	DET
framr-1721	152	2	degree	degree	NOUN
framr-1721	152	3	of	of	ADP
framr-1721	152	4	assets	asset	NOUN
framr-1721	152	5	intangibility	intangibility	NOUN
framr-1721	152	6	can	can	AUX
framr-1721	152	7	be	be	AUX
framr-1721	152	8	appreciated	appreciate	VERB
framr-1721	152	9	on	on	ADP
framr-1721	152	10	many	many	ADJ
framr-1721	152	11	levels	level	NOUN
framr-1721	152	12	.	.	PUNCT
framr-1721	153	1	the	the	DET
framr-1721	153	2	france	france	PROPN
framr-1721	153	3	bank	bank	PROPN
framr-1721	153	4	and	and	CCONJ
framr-1721	153	5	ministry	ministry	PROPN
framr-1721	153	6	of	of	ADP
framr-1721	153	7	industry	industry	NOUN
framr-1721	153	8	in	in	ADP
framr-1721	153	9	studies	study	NOUN
framr-1721	153	10	devoted	devote	VERB
framr-1721	153	11	to	to	ADP
framr-1721	153	12	the	the	DET
framr-1721	153	13	development	development	NOUN
framr-1721	153	14	of	of	ADP
framr-1721	153	15	intangible	intangible	ADJ
framr-1721	153	16	investments	investment	NOUN
framr-1721	153	17	in	in	ADP
framr-1721	153	18	france	france	PROPN
framr-1721	153	19	has	have	AUX
framr-1721	153	20	used	use	VERB
framr-1721	153	21	the	the	DET
framr-1721	153	22	ratio	ratio	NOUN
framr-1721	153	23	often	often	ADV
framr-1721	153	24	intangible	intangible	ADJ
framr-1721	153	25	/	/	SYM
framr-1721	153	26	tangible	tangible	ADJ
framr-1721	153	27	assets	asset	NOUN
framr-1721	153	28	.	.	PUNCT
framr-1721	154	1	in	in	ADP
framr-1721	154	2	tunisia	tunisia	PROPN
framr-1721	154	3	,	,	PUNCT
framr-1721	154	4	as	as	ADP
framr-1721	154	5	in	in	ADP
framr-1721	154	6	france	france	PROPN
framr-1721	154	7	,	,	PUNCT
framr-1721	154	8	the	the	DET
framr-1721	154	9	intangible	intangible	ADJ
framr-1721	154	10	asset	asset	NOUN
framr-1721	154	11	accounting	accounting	NOUN
framr-1721	154	12	record	record	NOUN
framr-1721	154	13	comes	come	VERB
framr-1721	154	14	from	from	ADP
framr-1721	154	15	the	the	DET
framr-1721	154	16	capitalization	capitalization	NOUN
framr-1721	154	17	of	of	ADP
framr-1721	154	18	such	such	ADJ
framr-1721	154	19	expenses	expense	NOUN
framr-1721	154	20	.	.	PUNCT
framr-1721	155	1	however	however	ADV
framr-1721	155	2	,	,	PUNCT
framr-1721	155	3	the	the	DET
framr-1721	155	4	unavailability	unavailability	NOUN
framr-1721	155	5	of	of	ADP
framr-1721	155	6	information	information	NOUN
framr-1721	155	7	legitimizes	legitimize	VERB
framr-1721	155	8	the	the	DET
framr-1721	155	9	use	use	NOUN
framr-1721	155	10	of	of	ADP
framr-1721	155	11	the	the	DET
framr-1721	155	12	amount	amount	NOUN
framr-1721	155	13	of	of	ADP
framr-1721	155	14	intangible	intangible	ADJ
framr-1721	155	15	assets	asset	NOUN
framr-1721	155	16	is	be	AUX
framr-1721	155	17	presented	present	VERB
framr-1721	155	18	in	in	ADP
framr-1721	155	19	the	the	DET
framr-1721	155	20	balance	balance	NOUN
framr-1721	155	21	sheet	sheet	NOUN
framr-1721	155	22	although	although	SCONJ
framr-1721	155	23	this	this	DET
framr-1721	155	24	amount	amount	NOUN
framr-1721	155	25	is	be	AUX
framr-1721	155	26	usually	usually	ADV
framr-1721	155	27	surrounded	surround	VERB
framr-1721	155	28	by	by	ADP
framr-1721	155	29	doubt	doubt	NOUN
framr-1721	155	30	as	as	ADP
framr-1721	155	31	the	the	DET
framr-1721	155	32	result	result	NOUN
framr-1721	155	33	of	of	ADP
framr-1721	155	34	discretionary	discretionary	ADJ
framr-1721	155	35	choices	choice	NOUN
framr-1721	155	36	performed	perform	VERB
framr-1721	155	37	by	by	ADP
framr-1721	155	38	the	the	DET
framr-1721	155	39	leaders	leader	NOUN
framr-1721	155	40	.	.	PUNCT
framr-1721	156	1	akin	akin	ADJ
framr-1721	156	2	to	to	ADP
framr-1721	156	3	the	the	DET
framr-1721	156	4	french	french	ADJ
framr-1721	156	5	context	context	NOUN
framr-1721	156	6	,	,	PUNCT
framr-1721	156	7	the	the	DET
framr-1721	156	8	measurement	measurement	NOUN
framr-1721	156	9	of	of	ADP
framr-1721	156	10	intangible	intangible	ADJ
framr-1721	156	11	capital	capital	NOUN
framr-1721	156	12	in	in	ADP
framr-1721	156	13	the	the	DET
framr-1721	156	14	tunisian	tunisian	ADJ
framr-1721	156	15	context	context	NOUN
framr-1721	156	16	has	have	VERB
framr-1721	156	17	the	the	DET
framr-1721	156	18	same	same	ADJ
framr-1721	156	19	problems	problem	NOUN
framr-1721	156	20	,	,	PUNCT
framr-1721	156	21	which	which	PRON
framr-1721	156	22	leads	lead	VERB
framr-1721	156	23	us	we	PRON
framr-1721	156	24	to	to	PART
framr-1721	156	25	adopt	adopt	VERB
framr-1721	156	26	accounting	account	VERB
framr-1721	156	27	.	.	PUNCT
framr-1721	157	1	based	base	VERB
framr-1721	157	2	on	on	ADP
framr-1721	157	3	that	that	DET
framr-1721	157	4	discussion	discussion	NOUN
framr-1721	157	5	and	and	CCONJ
framr-1721	157	6	the	the	DET
framr-1721	157	7	availability	availability	NOUN
framr-1721	157	8	of	of	ADP
framr-1721	157	9	data	datum	NOUN
framr-1721	157	10	of	of	ADP
framr-1721	157	11	tunisian	tunisian	ADJ
framr-1721	157	12	companies	company	NOUN
framr-1721	157	13	we	we	PRON
framr-1721	157	14	offer	offer	VERB
framr-1721	157	15	the	the	DET
framr-1721	157	16	following	following	ADJ
framr-1721	157	17	indicator	indicator	NOUN
framr-1721	157	18	of	of	ADP
framr-1721	157	19	the	the	DET
framr-1721	157	20	degree	degree	NOUN
framr-1721	157	21	of	of	ADP
framr-1721	157	22	activation	activation	NOUN
framr-1721	157	23	of	of	ADP
framr-1721	157	24	intangible	intangible	ADJ
framr-1721	157	25	expenses	expense	NOUN
framr-1721	157	26	:	:	PUNCT
framr-1721	157	27	asset	asset	NOUN
framr-1721	157	28	specificity	specificity	NOUN
framr-1721	157	29	rate	rate	NOUN
framr-1721	157	30	(	(	PUNCT
framr-1721	157	31	asr	asr	NOUN
framr-1721	157	32	)	)	PUNCT
framr-1721	157	33	=	=	SYM
framr-1721	157	34	intangible	intangible	ADJ
framr-1721	157	35	assets	asset	NOUN
framr-1721	157	36	/	/	SYM
framr-1721	157	37	asset	asset	NOUN
framr-1721	157	38	accounting	accounting	NOUN
framr-1721	157	39	.	.	PUNCT
framr-1721	158	1	this	this	DET
framr-1721	158	2	measured	measure	VERB
framr-1721	158	3	is	be	AUX
framr-1721	158	4	used	use	VERB
framr-1721	158	5	by	by	ADP
framr-1721	158	6	cazavan	cazavan	NOUN
framr-1721	158	7	-	-	PUNCT
framr-1721	158	8	jeny	jeny	PROPN
framr-1721	158	9	(	(	PUNCT
framr-1721	158	10	2004	2004	NUM
framr-1721	158	11	)	)	PUNCT
framr-1721	158	12	;	;	PUNCT
framr-1721	158	13	moussu	moussu	PROPN
framr-1721	158	14	and	and	CCONJ
framr-1721	158	15	thibierge	thibierge	NOUN
framr-1721	158	16	(	(	PUNCT
framr-1721	158	17	1997	1997	NUM
framr-1721	158	18	)	)	PUNCT
framr-1721	158	19	;	;	PUNCT
framr-1721	158	20	thibierge	thibierge	NOUN
framr-1721	158	21	(	(	PUNCT
framr-1721	158	22	2001	2001	NUM
framr-1721	158	23	)	)	PUNCT
framr-1721	158	24	etc	etc	X
framr-1721	158	25	.	.	X
framr-1721	158	26	financial	financial	ADJ
framr-1721	158	27	risk	risk	NOUN
framr-1721	158	28	and	and	CCONJ
framr-1721	158	29	management	management	NOUN
framr-1721	158	30	reviews	review	NOUN
framr-1721	158	31	,	,	PUNCT
framr-1721	158	32	2016	2016	NUM
framr-1721	158	33	,	,	PUNCT
framr-1721	158	34	2(1	2(1	NUM
framr-1721	158	35	):	):	PUNCT
framr-1721	158	36	1	1	NUM
framr-1721	158	37	-	-	SYM
framr-1721	158	38	25	25	NUM
framr-1721	158	39	9	9	NUM
framr-1721	158	40	©	©	PROPN
framr-1721	158	41	2016	2016	NUM
framr-1721	158	42	conscientia	conscientia	PROPN
framr-1721	158	43	beam	beam	PROPN
framr-1721	158	44	.	.	PUNCT
framr-1721	159	1	all	all	DET
framr-1721	159	2	rights	right	NOUN
framr-1721	159	3	reserved	reserve	VERB
framr-1721	159	4	.	.	PUNCT
framr-1721	160	1	table-3	table-3	X
framr-1721	160	2	.	.	PUNCT
framr-1721	161	1	items	item	NOUN
framr-1721	161	2	used	use	VERB
framr-1721	161	3	in	in	ADP
framr-1721	161	4	the	the	DET
framr-1721	161	5	emotional	emotional	ADJ
framr-1721	161	6	biases	bias	NOUN
framr-1721	161	7	scale	scale	VERB
framr-1721	161	8	(	(	PUNCT
framr-1721	161	9	14	14	NUM
framr-1721	161	10	items	item	NOUN
framr-1721	161	11	)	)	PUNCT
framr-1721	161	12	items	item	NOUN
framr-1721	161	13	factor	factor	NOUN
framr-1721	161	14	1	1	NUM
framr-1721	161	15	:	:	PUNCT
framr-1721	161	16	loss	loss	NOUN
framr-1721	161	17	aversion	aversion	NOUN
framr-1721	161	18	50.710	50.710	NUM
framr-1721	161	19	%	%	NOUN
framr-1721	161	20	of	of	ADP
framr-1721	161	21	total	total	ADJ
framr-1721	161	22	variance	variance	NOUN
framr-1721	161	23	factor	factor	NOUN
framr-1721	161	24	2	2	NUM
framr-1721	161	25	:	:	PUNCT
framr-1721	161	26	optimism	optimism	NOUN
framr-1721	161	27	29.450	29.450	NUM
framr-1721	161	28	%	%	NOUN
framr-1721	161	29	of	of	ADP
framr-1721	161	30	total	total	ADJ
framr-1721	161	31	variance	variance	NOUN
framr-1721	161	32	factor	factor	NOUN
framr-1721	161	33	3	3	NUM
framr-1721	161	34	:	:	PUNCT
framr-1721	161	35	overconfiden	overconfiden	PROPN
framr-1721	161	36	ce	ce	PROPN
framr-1721	161	37	10.275	10.275	NUM
framr-1721	161	38	%	%	NOUN
framr-1721	161	39	of	of	ADP
framr-1721	161	40	total	total	ADJ
framr-1721	161	41	variance	variance	NOUN
framr-1721	161	42	factor	factor	NOUN
framr-1721	161	43	4	4	NUM
framr-1721	161	44	:	:	PUNCT
framr-1721	161	45	cognitive	cognitive	ADJ
framr-1721	161	46	flexibility	flexibility	NOUN
framr-1721	161	47	5.385	5.385	NUM
framr-1721	161	48	%	%	NOUN
framr-1721	161	49	of	of	ADP
framr-1721	161	50	total	total	ADJ
framr-1721	161	51	variance	variance	NOUN
framr-1721	161	52	1	1	NUM
framr-1721	161	53	.	.	PUNCT
framr-1721	162	1	what	what	PRON
framr-1721	162	2	is	be	AUX
framr-1721	162	3	your	your	PRON
framr-1721	162	4	propensity	propensity	NOUN
framr-1721	162	5	to	to	PART
framr-1721	162	6	take	take	VERB
framr-1721	162	7	financial	financial	ADJ
framr-1721	162	8	risks	risk	NOUN
framr-1721	162	9	with	with	ADP
framr-1721	162	10	respect	respect	NOUN
framr-1721	162	11	to	to	ADP
framr-1721	162	12	others	other	NOUN
framr-1721	162	13	?	?	PUNCT
framr-1721	163	1	0.802	0.802	NUM
framr-1721	163	2	2	2	NUM
framr-1721	163	3	.	.	PUNCT
framr-1721	164	1	with	with	ADP
framr-1721	164	2	a	a	DET
framr-1721	164	3	great	great	ADJ
framr-1721	164	4	financial	financial	ADJ
framr-1721	164	5	decision	decision	NOUN
framr-1721	164	6	,	,	PUNCT
framr-1721	164	7	what	what	PRON
framr-1721	164	8	do	do	AUX
framr-1721	164	9	you	you	PRON
framr-1721	164	10	care	care	VERB
framr-1721	164	11	about	about	ADP
framr-1721	164	12	more	more	ADJ
framr-1721	164	13	:	:	PUNCT
framr-1721	164	14	possible	possible	ADJ
framr-1721	164	15	losses	loss	NOUN
framr-1721	164	16	or	or	CCONJ
framr-1721	164	17	possible	possible	ADJ
framr-1721	164	18	gains	gain	NOUN
framr-1721	164	19	?	?	PUNCT
framr-1721	165	1	0.742	0.742	NUM
framr-1721	165	2	3	3	NUM
framr-1721	165	3	.	.	PUNCT
framr-1721	165	4	insurance	insurance	NOUN
framr-1721	165	5	can	can	AUX
framr-1721	165	6	protect	protect	VERB
framr-1721	165	7	us	we	PRON
framr-1721	165	8	against	against	ADP
framr-1721	165	9	a	a	DET
framr-1721	165	10	wide	wide	ADJ
framr-1721	165	11	variety	variety	NOUN
framr-1721	165	12	of	of	ADP
framr-1721	165	13	risks	risk	NOUN
framr-1721	165	14	:	:	PUNCT
framr-1721	165	15	theft	theft	NOUN
framr-1721	165	16	,	,	PUNCT
framr-1721	165	17	fire	fire	NOUN
framr-1721	165	18	,	,	PUNCT
framr-1721	165	19	accidents	accident	NOUN
framr-1721	165	20	,	,	PUNCT
framr-1721	165	21	illness	illness	NOUN
framr-1721	165	22	and	and	CCONJ
framr-1721	165	23	death	death	NOUN
framr-1721	165	24	...	...	PUNCT
framr-1721	166	1	how	how	SCONJ
framr-1721	166	2	many	many	ADJ
framr-1721	166	3	insurance	insurance	NOUN
framr-1721	166	4	subscriptions	subscription	NOUN
framr-1721	166	5	have	have	AUX
framr-1721	166	6	you	you	PRON
framr-1721	166	7	subscribed	subscribe	VERB
framr-1721	166	8	to	to	ADP
framr-1721	166	9	?	?	PUNCT
framr-1721	167	1	0.713	0.713	NUM
framr-1721	167	2	4	4	NUM
framr-1721	167	3	.	.	PUNCT
framr-1721	168	1	when	when	SCONJ
framr-1721	168	2	you	you	PRON
framr-1721	168	3	think	think	VERB
framr-1721	168	4	of	of	ADP
framr-1721	168	5	the	the	DET
framr-1721	168	6	word	word	NOUN
framr-1721	168	7	‘	'	PUNCT
framr-1721	168	8	‘	'	PUNCT
framr-1721	168	9	risk	risk	NOUN
framr-1721	168	10	’’	’'	PUNCT
framr-1721	168	11	in	in	ADP
framr-1721	168	12	a	a	DET
framr-1721	168	13	financial	financial	ADJ
framr-1721	168	14	context	context	NOUN
framr-1721	168	15	,	,	PUNCT
framr-1721	168	16	what	what	DET
framr-1721	168	17	term	term	NOUN
framr-1721	168	18	in	in	ADP
framr-1721	168	19	the	the	DET
framr-1721	168	20	following	follow	VERB
framr-1721	168	21	list	list	NOUN
framr-1721	168	22	first	first	ADV
framr-1721	168	23	comes	come	VERB
framr-1721	168	24	to	to	ADP
framr-1721	168	25	mind	mind	NOUN
framr-1721	168	26	?	?	PUNCT
framr-1721	169	1	0.686	0.686	NUM
framr-1721	169	2	5	5	NUM
framr-1721	169	3	.	.	PUNCT
framr-1721	170	1	when	when	SCONJ
framr-1721	170	2	i	i	PRON
framr-1721	170	3	’m	’m	VERB
framr-1721	170	4	faced	face	VERB
framr-1721	170	5	with	with	ADP
framr-1721	170	6	a	a	DET
framr-1721	170	7	challenge	challenge	NOUN
framr-1721	170	8	,	,	PUNCT
framr-1721	170	9	i	i	PRON
framr-1721	170	10	give	give	VERB
framr-1721	170	11	up	up	ADP
framr-1721	170	12	because	because	SCONJ
framr-1721	170	13	i	i	PRON
framr-1721	170	14	’m	’m	VERB
framr-1721	170	15	afraid	afraid	ADJ
framr-1721	170	16	of	of	ADP
framr-1721	170	17	failure	failure	NOUN
framr-1721	170	18	.	.	PUNCT
framr-1721	171	1	0.600	0.600	NUM
framr-1721	171	2	6	6	NUM
framr-1721	171	3	.	.	PUNCT
framr-1721	172	1	what	what	PRON
framr-1721	172	2	emotional	emotional	ADJ
framr-1721	172	3	effect	effect	NOUN
framr-1721	172	4	do	do	VERB
framr-1721	172	5	important	important	ADJ
framr-1721	172	6	decisions	decision	NOUN
framr-1721	172	7	have	have	VERB
framr-1721	172	8	on	on	ADP
framr-1721	172	9	you	you	PRON
framr-1721	172	10	once	once	SCONJ
framr-1721	172	11	they	they	PRON
framr-1721	172	12	are	be	AUX
framr-1721	172	13	taken	take	VERB
framr-1721	172	14	?	?	PUNCT
framr-1721	173	1	0.857	0.857	NUM
framr-1721	173	2	7	7	NUM
framr-1721	173	3	.	.	PUNCT
framr-1721	174	1	i	i	PRON
framr-1721	174	2	am	be	AUX
framr-1721	174	3	motivated	motivate	VERB
framr-1721	174	4	by	by	ADP
framr-1721	174	5	imagining	imagine	VERB
framr-1721	174	6	the	the	DET
framr-1721	174	7	successful	successful	ADJ
framr-1721	174	8	decisions	decision	NOUN
framr-1721	174	9	positive	positive	ADJ
framr-1721	174	10	results	result	NOUN
framr-1721	174	11	of	of	ADP
framr-1721	174	12	entrepreneurial	entrepreneurial	ADJ
framr-1721	174	13	tasks	task	NOUN
framr-1721	174	14	0.851	0.851	NUM
framr-1721	174	15	8	8	NUM
framr-1721	174	16	.	.	PUNCT
framr-1721	175	1	do	do	AUX
framr-1721	175	2	you	you	PRON
framr-1721	175	3	consider	consider	VERB
framr-1721	175	4	that	that	DET
framr-1721	175	5	degree	degree	NOUN
framr-1721	175	6	of	of	ADP
framr-1721	175	7	uncertainty	uncertainty	NOUN
framr-1721	175	8	is	be	AUX
framr-1721	175	9	the	the	DET
framr-1721	175	10	business	business	NOUN
framr-1721	175	11	environment	environment	NOUN
framr-1721	175	12	is	be	AUX
framr-1721	175	13	0.842	0.842	NUM
framr-1721	175	14	9	9	NUM
framr-1721	175	15	.	.	PUNCT
framr-1721	176	1	i	i	PRON
framr-1721	176	2	know	know	VERB
framr-1721	176	3	how	how	SCONJ
framr-1721	176	4	to	to	PART
framr-1721	176	5	most	most	ADV
framr-1721	176	6	control	control	VERB
framr-1721	176	7	my	my	PRON
framr-1721	176	8	emotions	emotion	NOUN
framr-1721	176	9	.	.	PUNCT
framr-1721	177	1	0.774	0.774	NUM
framr-1721	177	2	10	10	NUM
framr-1721	177	3	.	.	PUNCT
framr-1721	178	1	for	for	ADP
framr-1721	178	2	how	how	SCONJ
framr-1721	178	3	long	long	ADJ
framr-1721	178	4	do	do	AUX
framr-1721	178	5	you	you	PRON
framr-1721	178	6	reckon	reckon	VERB
framr-1721	178	7	to	to	PART
framr-1721	178	8	keep	keep	VERB
framr-1721	178	9	your	your	PRON
framr-1721	178	10	position	position	NOUN
framr-1721	178	11	in	in	ADP
framr-1721	178	12	your	your	PRON
framr-1721	178	13	firm	firm	NOUN
framr-1721	178	14	?	?	PUNCT
framr-1721	179	1	0.715	0.715	NOUN
framr-1721	179	2	11	11	NUM
framr-1721	179	3	.	.	PUNCT
framr-1721	180	1	how	how	SCONJ
framr-1721	180	2	confident	confident	ADJ
framr-1721	180	3	are	be	AUX
framr-1721	180	4	you	you	PRON
framr-1721	180	5	in	in	ADP
framr-1721	180	6	your	your	PRON
framr-1721	180	7	ability	ability	NOUN
framr-1721	180	8	to	to	PART
framr-1721	180	9	take	take	VERB
framr-1721	180	10	good	good	ADJ
framr-1721	180	11	financial	financial	ADJ
framr-1721	180	12	decisions	decision	NOUN
framr-1721	180	13	?	?	PUNCT
framr-1721	181	1	0.641	0.641	NUM
framr-1721	181	2	12	12	NUM
framr-1721	181	3	.	.	PUNCT
framr-1721	182	1	how	how	SCONJ
framr-1721	182	2	easily	easily	ADV
framr-1721	182	3	do	do	AUX
framr-1721	182	4	you	you	PRON
framr-1721	182	5	adapt	adapt	VERB
framr-1721	182	6	yourself	yourself	PRON
framr-1721	182	7	to	to	ADP
framr-1721	182	8	deterioration	deterioration	NOUN
framr-1721	182	9	of	of	ADP
framr-1721	182	10	your	your	PRON
framr-1721	182	11	financial	financial	ADJ
framr-1721	182	12	situation	situation	NOUN
framr-1721	182	13	?	?	PUNCT
framr-1721	183	1	0.862	0.862	NUM
framr-1721	183	2	13	13	NUM
framr-1721	183	3	.	.	PUNCT
framr-1721	184	1	your	your	PRON
framr-1721	184	2	reaction	reaction	NOUN
framr-1721	184	3	regarding	regard	VERB
framr-1721	184	4	changes	change	NOUN
framr-1721	184	5	in	in	ADP
framr-1721	184	6	your	your	PRON
framr-1721	184	7	firm	firm	ADJ
framr-1721	184	8	environment	environment	NOUN
framr-1721	184	9	is	be	AUX
framr-1721	184	10	:	:	PUNCT
framr-1721	184	11	0.862	0.862	NUM
framr-1721	184	12	14	14	NUM
framr-1721	184	13	.	.	PUNCT
framr-1721	185	1	in	in	ADP
framr-1721	185	2	a	a	DET
framr-1721	185	3	job	job	NOUN
framr-1721	185	4	search	search	NOUN
framr-1721	185	5	would	would	AUX
framr-1721	185	6	you	you	PRON
framr-1721	185	7	rather	rather	ADV
framr-1721	185	8	seek	seek	VERB
framr-1721	185	9	:	:	PUNCT
framr-1721	185	10	0.789	0.789	NUM
framr-1721	185	11	financial	financial	ADJ
framr-1721	185	12	risk	risk	NOUN
framr-1721	185	13	and	and	CCONJ
framr-1721	185	14	management	management	NOUN
framr-1721	185	15	reviews	review	NOUN
framr-1721	185	16	,	,	PUNCT
framr-1721	185	17	2016	2016	NUM
framr-1721	185	18	,	,	PUNCT
framr-1721	185	19	2(1	2(1	NUM
framr-1721	185	20	):	):	PUNCT
framr-1721	185	21	1	1	NUM
framr-1721	185	22	-	-	SYM
framr-1721	185	23	25	25	NUM
framr-1721	185	24	10	10	NUM
framr-1721	185	25	©	©	PROPN
framr-1721	185	26	2016	2016	NUM
framr-1721	185	27	conscientia	conscientia	PROPN
framr-1721	185	28	beam	beam	PROPN
framr-1721	185	29	.	.	PUNCT
framr-1721	186	1	all	all	DET
framr-1721	186	2	rights	right	NOUN
framr-1721	186	3	reserved	reserve	VERB
framr-1721	186	4	.	.	PUNCT
framr-1721	187	1	3.2.3.2	3.2.3.2	X
framr-1721	187	2	.	.	PUNCT
framr-1721	187	3	investment	investment	NOUN
framr-1721	187	4	level	level	NOUN
framr-1721	187	5	in	in	ADP
framr-1721	187	6	this	this	DET
framr-1721	187	7	study	study	NOUN
framr-1721	187	8	,	,	PUNCT
framr-1721	187	9	we	we	PRON
framr-1721	187	10	will	will	AUX
framr-1721	187	11	use	use	VERB
framr-1721	187	12	the	the	DET
framr-1721	187	13	presence	presence	NOUN
framr-1721	187	14	of	of	ADP
framr-1721	187	15	free	free	ADJ
framr-1721	187	16	cash	cash	NOUN
framr-1721	187	17	flow	flow	NOUN
framr-1721	187	18	and	and	CCONJ
framr-1721	187	19	growth	growth	NOUN
framr-1721	187	20	opportunities	opportunity	NOUN
framr-1721	187	21	as	as	ADP
framr-1721	187	22	two	two	NUM
framr-1721	187	23	indicators	indicator	NOUN
framr-1721	187	24	of	of	ADP
framr-1721	187	25	over	over	ADP
framr-1721	187	26	-	-	PUNCT
framr-1721	187	27	investment	investment	NOUN
framr-1721	187	28	(	(	PUNCT
framr-1721	187	29	low	low	ADJ
framr-1721	187	30	future	future	ADJ
framr-1721	187	31	investment	investment	NOUN
framr-1721	187	32	opportunities	opportunity	NOUN
framr-1721	187	33	and	and	CCONJ
framr-1721	187	34	free	free	ADJ
framr-1721	187	35	cash	cash	NOUN
framr-1721	187	36	flow	flow	NOUN
framr-1721	187	37	)	)	PUNCT
framr-1721	187	38	or	or	CCONJ
framr-1721	187	39	underinvestment	underinvestment	ADJ
framr-1721	187	40	(	(	PUNCT
framr-1721	187	41	low	low	ADJ
framr-1721	187	42	free	free	ADJ
framr-1721	187	43	cash	cash	NOUN
framr-1721	187	44	flow	flow	NOUN
framr-1721	187	45	and	and	CCONJ
framr-1721	187	46	future	future	ADJ
framr-1721	187	47	investment	investment	NOUN
framr-1721	187	48	opportunities	opportunity	NOUN
framr-1721	187	49	)	)	PUNCT
framr-1721	187	50	.	.	PUNCT
framr-1721	188	1	the	the	DET
framr-1721	188	2	literature	literature	NOUN
framr-1721	188	3	differs	differ	VERB
framr-1721	188	4	on	on	ADP
framr-1721	188	5	how	how	SCONJ
framr-1721	188	6	to	to	PART
framr-1721	188	7	measure	measure	VERB
framr-1721	188	8	the	the	DET
framr-1721	188	9	free	free	ADJ
framr-1721	188	10	cash	cash	NOUN
framr-1721	188	11	flow	flow	NOUN
framr-1721	188	12	as	as	SCONJ
framr-1721	188	13	conceptualized	conceptualize	VERB
framr-1721	188	14	by	by	ADP
framr-1721	188	15	jensen	jensen	PROPN
framr-1721	188	16	(	(	PUNCT
framr-1721	188	17	1986	1986	NUM
framr-1721	188	18	)	)	PUNCT
framr-1721	188	19	.	.	PUNCT
framr-1721	189	1	in	in	ADP
framr-1721	189	2	general	general	ADJ
framr-1721	189	3	,	,	PUNCT
framr-1721	189	4	however	however	ADV
framr-1721	189	5	,	,	PUNCT
framr-1721	189	6	it	it	PRON
framr-1721	189	7	is	be	AUX
framr-1721	189	8	defined	define	VERB
framr-1721	189	9	as	as	ADP
framr-1721	189	10	operating	operate	VERB
framr-1721	189	11	income	income	NOUN
framr-1721	189	12	before	before	ADP
framr-1721	189	13	depreciation	depreciation	NOUN
framr-1721	189	14	interest	interest	NOUN
framr-1721	189	15	expense	expense	NOUN
framr-1721	189	16	and	and	CCONJ
framr-1721	189	17	taxes	taxis	NOUN
framr-1721	189	18	,	,	PUNCT
framr-1721	189	19	as	as	ADV
framr-1721	189	20	well	well	ADV
framr-1721	189	21	as	as	ADP
framr-1721	189	22	dividends	dividend	NOUN
framr-1721	189	23	paid	pay	VERB
framr-1721	189	24	(	(	PUNCT
framr-1721	189	25	lehn	lehn	NOUN
framr-1721	189	26	and	and	CCONJ
framr-1721	189	27	poulsen	poulsen	VERB
framr-1721	189	28	,	,	PUNCT
framr-1721	189	29	1989	1989	NUM
framr-1721	189	30	;	;	PUNCT
framr-1721	189	31	gul	gul	PROPN
framr-1721	189	32	and	and	CCONJ
framr-1721	189	33	tsui	tsui	PROPN
framr-1721	189	34	,	,	PUNCT
framr-1721	189	35	1998	1998	NUM
framr-1721	189	36	;	;	PUNCT
framr-1721	189	37	jaggi	jaggi	NOUN
framr-1721	189	38	and	and	CCONJ
framr-1721	189	39	gul	gul	PROPN
framr-1721	189	40	,	,	PUNCT
framr-1721	189	41	1999	1999	NUM
framr-1721	189	42	)	)	PUNCT
framr-1721	189	43	divided	divide	VERB
framr-1721	189	44	by	by	ADP
framr-1721	189	45	book	book	NOUN
framr-1721	189	46	value	value	NOUN
framr-1721	189	47	of	of	ADP
framr-1721	189	48	total	total	ADJ
framr-1721	189	49	assets	asset	NOUN
framr-1721	189	50	to	to	PART
framr-1721	189	51	account	account	VERB
framr-1721	189	52	for	for	ADP
framr-1721	189	53	effects	effect	NOUN
framr-1721	189	54	related	relate	VERB
framr-1721	189	55	to	to	ADP
framr-1721	189	56	size	size	NOUN
framr-1721	189	57	(	(	PUNCT
framr-1721	189	58	lang	lang	PROPN
framr-1721	189	59	et	et	PROPN
framr-1721	189	60	al	al	PROPN
framr-1721	189	61	.	.	PROPN
framr-1721	189	62	,	,	PUNCT
framr-1721	189	63	1991	1991	NUM
framr-1721	189	64	)	)	PUNCT
framr-1721	189	65	.	.	PUNCT
framr-1721	190	1	free	free	ADJ
framr-1721	190	2	cash	cash	NOUN
framr-1721	190	3	flow	flow	NOUN
framr-1721	190	4	rate	rate	NOUN
framr-1721	190	5	(	(	PUNCT
framr-1721	190	6	fcfr	fcfr	PROPN
framr-1721	190	7	)	)	PUNCT
framr-1721	190	8	=	=	PUNCT
framr-1721	190	9	operating	operate	VERB
framr-1721	190	10	profit	profit	NOUN
framr-1721	190	11	/	/	SYM
framr-1721	190	12	total	total	ADJ
framr-1721	190	13	assets	asset	NOUN
framr-1721	190	14	.	.	PUNCT
framr-1721	191	1	future	future	ADJ
framr-1721	191	2	investment	investment	NOUN
framr-1721	191	3	opportunities	opportunity	NOUN
framr-1721	191	4	are	be	AUX
framr-1721	191	5	measured	measure	VERB
framr-1721	191	6	by	by	ADP
framr-1721	191	7	tobin	tobin	PROPN
framr-1721	191	8	's	's	PART
framr-1721	191	9	q	q	PROPN
framr-1721	191	10	(	(	PUNCT
framr-1721	191	11	skinner	skinner	NOUN
framr-1721	191	12	,	,	PUNCT
framr-1721	191	13	1993	1993	NUM
framr-1721	191	14	)	)	PUNCT
framr-1721	191	15	.	.	PUNCT
framr-1721	192	1	tobin	tobin	PROPN
framr-1721	192	2	's	's	PART
framr-1721	192	3	q	q	NOUN
framr-1721	192	4	is	be	AUX
framr-1721	192	5	defined	define	VERB
framr-1721	192	6	as	as	ADP
framr-1721	192	7	the	the	DET
framr-1721	192	8	ratio	ratio	NOUN
framr-1721	192	9	of	of	ADP
framr-1721	192	10	market	market	NOUN
framr-1721	192	11	value	value	NOUN
framr-1721	192	12	of	of	ADP
framr-1721	192	13	a	a	DET
framr-1721	192	14	firm	firm	NOUN
framr-1721	192	15	to	to	ADP
framr-1721	192	16	the	the	DET
framr-1721	192	17	replacement	replacement	NOUN
framr-1721	192	18	value	value	NOUN
framr-1721	192	19	of	of	ADP
framr-1721	192	20	its	its	PRON
framr-1721	192	21	assets	asset	NOUN
framr-1721	192	22	(	(	PUNCT
framr-1721	192	23	griliches	griliche	NOUN
framr-1721	192	24	,	,	PUNCT
framr-1721	192	25	1981	1981	NUM
framr-1721	192	26	;	;	PUNCT
framr-1721	192	27	lindenberg	lindenberg	PROPN
framr-1721	192	28	and	and	CCONJ
framr-1721	192	29	ross	ross	PROPN
framr-1721	192	30	,	,	PUNCT
framr-1721	192	31	1981	1981	NUM
framr-1721	192	32	;	;	PUNCT
framr-1721	192	33	cockburn	cockburn	NOUN
framr-1721	192	34	and	and	CCONJ
framr-1721	192	35	griliches	griliche	NOUN
framr-1721	192	36	,	,	PUNCT
framr-1721	192	37	1988	1988	NUM
framr-1721	192	38	;	;	PUNCT
framr-1721	192	39	megna	megna	NOUN
framr-1721	192	40	and	and	CCONJ
framr-1721	192	41	klock	klock	PROPN
framr-1721	192	42	,	,	PUNCT
framr-1721	192	43	1993	1993	NUM
framr-1721	192	44	;	;	PUNCT
framr-1721	192	45	skinner	skinner	NOUN
framr-1721	192	46	,	,	PUNCT
framr-1721	192	47	1993	1993	NUM
framr-1721	192	48	)	)	PUNCT
framr-1721	192	49	.	.	PUNCT
framr-1721	193	1	a	a	DET
framr-1721	193	2	tobin	tobin	NOUN
framr-1721	193	3	's	's	PART
framr-1721	193	4	q	q	NOUN
framr-1721	193	5	greater	great	ADJ
framr-1721	193	6	than	than	ADP
framr-1721	193	7	one	one	NUM
framr-1721	193	8	then	then	ADV
framr-1721	193	9	the	the	DET
framr-1721	193	10	company	company	NOUN
framr-1721	193	11	has	have	AUX
framr-1721	193	12	signed	sign	VERB
framr-1721	193	13	a	a	DET
framr-1721	193	14	profitable	profitable	ADJ
framr-1721	193	15	investment	investment	NOUN
framr-1721	193	16	opportunities	opportunity	NOUN
framr-1721	193	17	and	and	CCONJ
framr-1721	193	18	vice	vice	ADV
framr-1721	193	19	versa	versa	ADV
framr-1721	193	20	.	.	PUNCT
framr-1721	194	1	in	in	ADP
framr-1721	194	2	our	our	PRON
framr-1721	194	3	study	study	NOUN
framr-1721	194	4	,	,	PUNCT
framr-1721	194	5	we	we	PRON
framr-1721	194	6	will	will	AUX
framr-1721	194	7	retain	retain	VERB
framr-1721	194	8	an	an	DET
framr-1721	194	9	approximation	approximation	NOUN
framr-1721	194	10	of	of	ADP
framr-1721	194	11	tobin	tobin	PROPN
framr-1721	194	12	's	's	PART
framr-1721	194	13	q	q	NOUN
framr-1721	194	14	,	,	PUNCT
framr-1721	194	15	calculated	calculate	VERB
framr-1721	194	16	as	as	ADP
framr-1721	194	17	follows	follow	VERB
framr-1721	194	18	(	(	PUNCT
framr-1721	194	19	chung	chung	NOUN
framr-1721	194	20	and	and	CCONJ
framr-1721	194	21	pruitt	pruitt	PROPN
framr-1721	194	22	,	,	PUNCT
framr-1721	194	23	1994	1994	NUM
framr-1721	194	24	):	):	PUNCT
framr-1721	194	25	it	it	PRON
framr-1721	194	26	it	it	PRON
framr-1721	194	27	it	it	PRON
framr-1721	195	1	it	it	PRON
framr-1721	195	2	mvs	mvs	PROPN
framr-1721	196	1	d	d	NOUN
framr-1721	196	2	q	q	PROPN
framr-1721	196	3	a	a	DET
framr-1721	196	4			ADJ
framr-1721	196	5			PROPN
framr-1721	196	6	mvs	mvs	PROPN
framr-1721	196	7	–	–	PUNCT
framr-1721	196	8	market	market	NOUN
framr-1721	196	9	value	value	NOUN
framr-1721	196	10	of	of	ADP
framr-1721	196	11	common	common	ADJ
framr-1721	196	12	and	and	CCONJ
framr-1721	196	13	preferred	preferred	ADJ
framr-1721	196	14	shares	share	NOUN
framr-1721	196	15	;	;	PUNCT
framr-1721	196	16	d	d	X
framr-1721	196	17	–	–	PUNCT
framr-1721	196	18	book	book	NOUN
framr-1721	196	19	value	value	NOUN
framr-1721	196	20	of	of	ADP
framr-1721	196	21	debt	debt	NOUN
framr-1721	196	22	,	,	PUNCT
framr-1721	196	23	defined	define	VERB
framr-1721	196	24	as	as	ADP
framr-1721	196	25	current	current	ADJ
framr-1721	196	26	liabilities	liability	NOUN
framr-1721	196	27	plus	plus	CCONJ
framr-1721	196	28	long	long	ADJ
framr-1721	196	29	-	-	PUNCT
framr-1721	196	30	term	term	NOUN
framr-1721	196	31	debt	debt	NOUN
framr-1721	196	32	plus	plus	CCONJ
framr-1721	196	33	inventories	inventory	NOUN
framr-1721	196	34	minus	minus	CCONJ
framr-1721	196	35	current	current	ADJ
framr-1721	196	36	assets	asset	NOUN
framr-1721	196	37	;	;	PUNCT
framr-1721	196	38	a	a	DET
framr-1721	196	39	–	–	PUNCT
framr-1721	196	40	total	total	ADJ
framr-1721	196	41	assets	asset	NOUN
framr-1721	196	42	.	.	PUNCT
framr-1721	197	1	3.2.3.3	3.2.3.3	X
framr-1721	197	2	.	.	PUNCT
framr-1721	197	3	investment	investment	NOUN
framr-1721	197	4	horizon	horizon	NOUN
framr-1721	197	5	referring	refer	VERB
framr-1721	197	6	to	to	ADP
framr-1721	197	7	the	the	DET
framr-1721	197	8	theory	theory	NOUN
framr-1721	197	9	of	of	ADP
framr-1721	197	10	agency	agency	NOUN
framr-1721	197	11	leaders	leader	NOUN
framr-1721	197	12	has	have	VERB
framr-1721	197	13	an	an	DET
framr-1721	197	14	obligation	obligation	NOUN
framr-1721	197	15	of	of	ADP
framr-1721	197	16	result	result	NOUN
framr-1721	197	17	on	on	ADP
framr-1721	197	18	short	short	ADJ
framr-1721	197	19	horizons	horizon	NOUN
framr-1721	197	20	.	.	PUNCT
framr-1721	198	1	their	their	PRON
framr-1721	198	2	wealth	wealth	NOUN
framr-1721	198	3	is	be	AUX
framr-1721	198	4	tied	tie	VERB
framr-1721	198	5	to	to	ADP
framr-1721	198	6	the	the	DET
framr-1721	198	7	performance	performance	NOUN
framr-1721	198	8	of	of	ADP
framr-1721	198	9	the	the	DET
framr-1721	198	10	firm	firm	NOUN
framr-1721	198	11	during	during	ADP
framr-1721	198	12	the	the	DET
framr-1721	198	13	duration	duration	NOUN
framr-1721	198	14	of	of	ADP
framr-1721	198	15	their	their	PRON
framr-1721	198	16	mission	mission	NOUN
framr-1721	198	17	is	be	AUX
framr-1721	198	18	the	the	DET
framr-1721	198	19	period	period	NOUN
framr-1721	198	20	during	during	ADP
framr-1721	198	21	which	which	PRON
framr-1721	198	22	they	they	PRON
framr-1721	198	23	run	run	VERB
framr-1721	198	24	the	the	DET
framr-1721	198	25	firm	firm	NOUN
framr-1721	198	26	.	.	PUNCT
framr-1721	199	1	these	these	DET
framr-1721	199	2	leaders	leader	NOUN
framr-1721	199	3	prefer	prefer	VERB
framr-1721	199	4	investment	investment	NOUN
framr-1721	199	5	projects	project	NOUN
framr-1721	199	6	in	in	ADP
framr-1721	199	7	the	the	DET
framr-1721	199	8	short	short	ADJ
framr-1721	199	9	term	term	NOUN
framr-1721	199	10	to	to	PART
framr-1721	199	11	quickly	quickly	ADV
framr-1721	199	12	reveal	reveal	VERB
framr-1721	199	13	the	the	DET
framr-1721	199	14	performance	performance	NOUN
framr-1721	199	15	of	of	ADP
framr-1721	199	16	these	these	DET
framr-1721	199	17	investments	investment	NOUN
framr-1721	199	18	and	and	CCONJ
framr-1721	199	19	reduce	reduce	VERB
framr-1721	199	20	uncertainty	uncertainty	NOUN
framr-1721	199	21	about	about	ADP
framr-1721	199	22	their	their	PRON
framr-1721	199	23	own	own	ADJ
framr-1721	199	24	value	value	NOUN
framr-1721	199	25	on	on	ADP
framr-1721	199	26	the	the	DET
framr-1721	199	27	labor	labor	NOUN
framr-1721	199	28	market	market	NOUN
framr-1721	199	29	.	.	PUNCT
framr-1721	200	1	in	in	ADP
framr-1721	200	2	our	our	PRON
framr-1721	200	3	study	study	NOUN
framr-1721	200	4	we	we	PRON
framr-1721	200	5	will	will	AUX
framr-1721	200	6	use	use	VERB
framr-1721	200	7	the	the	DET
framr-1721	200	8	rate	rate	NOUN
framr-1721	200	9	of	of	ADP
framr-1721	200	10	investment	investment	NOUN
framr-1721	200	11	operations	operation	NOUN
framr-1721	200	12	(	(	PUNCT
framr-1721	200	13	industrial	industrial	ADJ
framr-1721	200	14	and	and	CCONJ
framr-1721	200	15	commercial	commercial	ADJ
framr-1721	200	16	assets	asset	NOUN
framr-1721	200	17	)	)	PUNCT
framr-1721	200	18	as	as	ADP
framr-1721	200	19	an	an	DET
framr-1721	200	20	indicator	indicator	NOUN
framr-1721	200	21	of	of	ADP
framr-1721	200	22	the	the	DET
framr-1721	200	23	investment	investment	NOUN
framr-1721	200	24	horizon	horizon	NOUN
framr-1721	200	25	.	.	PUNCT
framr-1721	201	1	capital	capital	NOUN
framr-1721	201	2	expenditure	expenditure	NOUN
framr-1721	201	3	rate	rate	NOUN
framr-1721	201	4	(	(	PUNCT
framr-1721	201	5	cer	cer	NOUN
framr-1721	201	6	)	)	PUNCT
framr-1721	201	7	=	=	VERB
framr-1721	201	8	operating	operate	VERB
framr-1721	201	9	assets	asset	NOUN
framr-1721	201	10	/	/	SYM
framr-1721	201	11	total	total	ADJ
framr-1721	201	12	assets	asset	NOUN
framr-1721	201	13	this	this	PRON
framr-1721	201	14	measured	measure	VERB
framr-1721	201	15	is	be	AUX
framr-1721	201	16	used	use	VERB
framr-1721	201	17	by	by	ADP
framr-1721	201	18	cliche	cliche	NOUN
framr-1721	201	19	(	(	PUNCT
framr-1721	201	20	2000	2000	NUM
framr-1721	201	21	)	)	PUNCT
framr-1721	201	22	;	;	PUNCT
framr-1721	201	23	gervais	gervais	PROPN
framr-1721	201	24	et	et	PROPN
framr-1721	201	25	al	al	PROPN
framr-1721	201	26	.	.	PROPN
framr-1721	202	1	(	(	PUNCT
framr-1721	202	2	2002	2002	NUM
framr-1721	202	3	)	)	PUNCT
framr-1721	202	4	;	;	PUNCT
framr-1721	202	5	malmendier	malmendier	NOUN
framr-1721	202	6	and	and	CCONJ
framr-1721	202	7	tate	tate	NOUN
framr-1721	202	8	(	(	PUNCT
framr-1721	202	9	2005	2005	NUM
framr-1721	202	10	)	)	PUNCT
framr-1721	202	11	;	;	PUNCT
framr-1721	202	12	chang	chang	PROPN
framr-1721	202	13	et	et	PROPN
framr-1721	202	14	al	al	PROPN
framr-1721	202	15	.	.	PROPN
framr-1721	202	16	(	(	PUNCT
framr-1721	202	17	2009	2009	NUM
framr-1721	202	18	)	)	PUNCT
framr-1721	202	19	;	;	PUNCT
framr-1721	202	20	draief	draief	NOUN
framr-1721	202	21	(	(	PUNCT
framr-1721	202	22	2010	2010	NUM
framr-1721	202	23	)	)	PUNCT
framr-1721	202	24	etc	etc	X
framr-1721	202	25	.	.	X
framr-1721	203	1	the	the	DET
framr-1721	203	2	investment	investment	NOUN
framr-1721	203	3	decision	decision	NOUN
framr-1721	203	4	takes	take	VERB
framr-1721	203	5	9	9	NUM
framr-1721	203	6	follows	follow	VERB
framr-1721	203	7	:	:	PUNCT
framr-1721	203	8	•	•	NUM
framr-1721	203	9	1	1	NUM
framr-1721	203	10	if	if	SCONJ
framr-1721	203	11	the	the	DET
framr-1721	203	12	manager	manager	NOUN
framr-1721	203	13	chooses	choose	VERB
framr-1721	203	14	investment	investment	NOUN
framr-1721	203	15	specific	specific	ADJ
framr-1721	203	16	:	:	PUNCT
framr-1721	203	17	positive	positive	ADJ
framr-1721	203	18	variation	variation	NOUN
framr-1721	203	19	in	in	ADP
framr-1721	203	20	the	the	DET
framr-1721	203	21	rate	rate	NOUN
framr-1721	203	22	of	of	ADP
framr-1721	203	23	assets	asset	NOUN
framr-1721	203	24	specificity	specificity	NOUN
framr-1721	203	25	.	.	PUNCT
framr-1721	204	1	•	•	NUM
framr-1721	204	2	2	2	NUM
framr-1721	204	3	if	if	SCONJ
framr-1721	204	4	the	the	DET
framr-1721	204	5	manager	manager	NOUN
framr-1721	204	6	chooses	choose	VERB
framr-1721	204	7	overinvestment	overinvestment	ADJ
framr-1721	204	8	:	:	PUNCT
framr-1721	204	9	low	low	ADJ
framr-1721	204	10	future	future	ADJ
framr-1721	204	11	investment	investment	NOUN
framr-1721	204	12	opportunities	opportunity	NOUN
framr-1721	204	13	and	and	CCONJ
framr-1721	204	14	free	free	ADJ
framr-1721	204	15	cash	cash	NOUN
framr-1721	204	16	flow	flow	NOUN
framr-1721	204	17	•	•	ADV
framr-1721	204	18	3	3	NUM
framr-1721	204	19	if	if	SCONJ
framr-1721	204	20	the	the	DET
framr-1721	204	21	manager	manager	NOUN
framr-1721	204	22	chooses	choose	VERB
framr-1721	204	23	underinvestment	underinvestment	ADJ
framr-1721	204	24	:	:	PUNCT
framr-1721	204	25	low	low	ADJ
framr-1721	204	26	free	free	ADJ
framr-1721	204	27	cash	cash	NOUN
framr-1721	204	28	flow	flow	NOUN
framr-1721	204	29	and	and	CCONJ
framr-1721	204	30	future	future	ADJ
framr-1721	204	31	investment	investment	NOUN
framr-1721	204	32	opportunities	opportunity	NOUN
framr-1721	204	33	.	.	PUNCT
framr-1721	205	1	financial	financial	ADJ
framr-1721	205	2	risk	risk	NOUN
framr-1721	205	3	and	and	CCONJ
framr-1721	205	4	management	management	NOUN
framr-1721	205	5	reviews	review	NOUN
framr-1721	205	6	,	,	PUNCT
framr-1721	205	7	2016	2016	NUM
framr-1721	205	8	,	,	PUNCT
framr-1721	205	9	2(1	2(1	NUM
framr-1721	205	10	):	):	PUNCT
framr-1721	205	11	1	1	NUM
framr-1721	205	12	-	-	SYM
framr-1721	205	13	25	25	NUM
framr-1721	205	14	11	11	NUM
framr-1721	205	15	©	©	PROPN
framr-1721	205	16	2016	2016	NUM
framr-1721	205	17	conscientia	conscientia	PROPN
framr-1721	205	18	beam	beam	PROPN
framr-1721	205	19	.	.	PUNCT
framr-1721	206	1	all	all	DET
framr-1721	206	2	rights	right	NOUN
framr-1721	206	3	reserved	reserve	VERB
framr-1721	206	4	.	.	PUNCT
framr-1721	207	1	•	•	NUM
framr-1721	207	2	4	4	NUM
framr-1721	207	3	if	if	SCONJ
framr-1721	207	4	the	the	DET
framr-1721	207	5	manager	manager	NOUN
framr-1721	207	6	chooses	choose	VERB
framr-1721	207	7	long	long	ADJ
framr-1721	207	8	-	-	PUNCT
framr-1721	207	9	term	term	NOUN
framr-1721	207	10	investment	investment	NOUN
framr-1721	207	11	:	:	PUNCT
framr-1721	207	12	negative	negative	ADJ
framr-1721	207	13	variation	variation	NOUN
framr-1721	207	14	in	in	ADP
framr-1721	207	15	the	the	DET
framr-1721	207	16	rate	rate	NOUN
framr-1721	207	17	of	of	ADP
framr-1721	207	18	capital	capital	NOUN
framr-1721	207	19	expenditure	expenditure	NOUN
framr-1721	207	20	•	•	ADV
framr-1721	207	21	5	5	NUM
framr-1721	207	22	if	if	SCONJ
framr-1721	207	23	the	the	DET
framr-1721	207	24	manager	manager	NOUN
framr-1721	207	25	chooses	choose	VERB
framr-1721	207	26	short	short	ADJ
framr-1721	207	27	-	-	PUNCT
framr-1721	207	28	term	term	NOUN
framr-1721	207	29	investments	investment	NOUN
framr-1721	207	30	:	:	PUNCT
framr-1721	207	31	positive	positive	ADJ
framr-1721	207	32	variation	variation	NOUN
framr-1721	207	33	in	in	ADP
framr-1721	207	34	the	the	DET
framr-1721	207	35	rate	rate	NOUN
framr-1721	207	36	of	of	ADP
framr-1721	207	37	capital	capital	NOUN
framr-1721	207	38	expenditure	expenditure	NOUN
framr-1721	207	39	.	.	PUNCT
framr-1721	208	1	•	•	NUM
framr-1721	208	2	6	6	NUM
framr-1721	208	3	if	if	SCONJ
framr-1721	208	4	the	the	DET
framr-1721	208	5	manager	manager	NOUN
framr-1721	208	6	chooses	choose	VERB
framr-1721	208	7	(	(	PUNCT
framr-1721	208	8	overinvestment+	overinvestment+	X
framr-1721	208	9	long	long	ADJ
framr-1721	208	10	-	-	PUNCT
framr-1721	208	11	term	term	NOUN
framr-1721	208	12	investment	investment	NOUN
framr-1721	208	13	):	):	PUNCT
framr-1721	208	14	negative	negative	ADJ
framr-1721	208	15	variation	variation	NOUN
framr-1721	208	16	in	in	ADP
framr-1721	208	17	the	the	DET
framr-1721	208	18	rate	rate	NOUN
framr-1721	208	19	of	of	ADP
framr-1721	208	20	capital	capital	NOUN
framr-1721	208	21	expenditure	expenditure	NOUN
framr-1721	208	22	,	,	PUNCT
framr-1721	208	23	low	low	ADJ
framr-1721	208	24	future	future	ADJ
framr-1721	208	25	investment	investment	NOUN
framr-1721	208	26	opportunities	opportunity	NOUN
framr-1721	208	27	and	and	CCONJ
framr-1721	208	28	free	free	ADJ
framr-1721	208	29	cash	cash	NOUN
framr-1721	208	30	flow	flow	NOUN
framr-1721	208	31	.	.	PUNCT
framr-1721	209	1	•	•	NUM
framr-1721	209	2	7	7	NUM
framr-1721	209	3	if	if	SCONJ
framr-1721	209	4	the	the	DET
framr-1721	209	5	manager	manager	NOUN
framr-1721	209	6	chooses	choose	VERB
framr-1721	209	7	(	(	PUNCT
framr-1721	209	8	underinvestment+	underinvestment+	ADP
framr-1721	209	9	short	short	ADJ
framr-1721	209	10	-	-	PUNCT
framr-1721	209	11	term	term	NOUN
framr-1721	209	12	investments	investment	NOUN
framr-1721	209	13	):	):	PUNCT
framr-1721	209	14	positive	positive	ADJ
framr-1721	209	15	variation	variation	NOUN
framr-1721	209	16	in	in	ADP
framr-1721	209	17	the	the	DET
framr-1721	209	18	rate	rate	NOUN
framr-1721	209	19	of	of	ADP
framr-1721	209	20	capital	capital	NOUN
framr-1721	209	21	expenditure	expenditure	NOUN
framr-1721	209	22	,	,	PUNCT
framr-1721	209	23	low	low	ADJ
framr-1721	209	24	free	free	ADJ
framr-1721	209	25	cash	cash	NOUN
framr-1721	209	26	flow	flow	NOUN
framr-1721	209	27	and	and	CCONJ
framr-1721	209	28	future	future	ADJ
framr-1721	209	29	investment	investment	NOUN
framr-1721	209	30	opportunities	opportunity	NOUN
framr-1721	209	31	.	.	PUNCT
framr-1721	210	1	•	•	NUM
framr-1721	210	2	8	8	NUM
framr-1721	210	3	if	if	SCONJ
framr-1721	210	4	the	the	DET
framr-1721	210	5	manager	manager	NOUN
framr-1721	210	6	chooses	choose	VERB
framr-1721	210	7	(	(	PUNCT
framr-1721	210	8	specific	specific	ADJ
framr-1721	210	9	investment+	investment+	NOUN
framr-1721	210	10	overinvestment	overinvestment	ADJ
framr-1721	210	11	+	+	CCONJ
framr-1721	210	12	long	long	ADJ
framr-1721	210	13	-	-	PUNCT
framr-1721	210	14	term	term	NOUN
framr-1721	210	15	investment	investment	NOUN
framr-1721	210	16	):	):	PUNCT
framr-1721	210	17	positive	positive	ADJ
framr-1721	210	18	variation	variation	NOUN
framr-1721	210	19	in	in	ADP
framr-1721	210	20	the	the	DET
framr-1721	210	21	rate	rate	NOUN
framr-1721	210	22	of	of	ADP
framr-1721	210	23	assets	asset	NOUN
framr-1721	210	24	specificity	specificity	NOUN
framr-1721	210	25	,	,	PUNCT
framr-1721	210	26	negative	negative	ADJ
framr-1721	210	27	variation	variation	NOUN
framr-1721	210	28	in	in	ADP
framr-1721	210	29	the	the	DET
framr-1721	210	30	rate	rate	NOUN
framr-1721	210	31	of	of	ADP
framr-1721	210	32	capital	capital	NOUN
framr-1721	210	33	expenditure	expenditure	NOUN
framr-1721	210	34	,	,	PUNCT
framr-1721	210	35	low	low	ADJ
framr-1721	210	36	future	future	ADJ
framr-1721	210	37	investment	investment	NOUN
framr-1721	210	38	opportunities	opportunity	NOUN
framr-1721	210	39	and	and	CCONJ
framr-1721	210	40	free	free	ADJ
framr-1721	210	41	cash	cash	NOUN
framr-1721	210	42	flow	flow	NOUN
framr-1721	210	43	.	.	PUNCT
framr-1721	211	1	•	•	NUM
framr-1721	211	2	9	9	NUM
framr-1721	211	3	if	if	SCONJ
framr-1721	211	4	the	the	DET
framr-1721	211	5	manager	manager	NOUN
framr-1721	211	6	chooses	choose	VERB
framr-1721	211	7	specific	specific	ADJ
framr-1721	211	8	investment+	investment+	X
framr-1721	211	9	underinvestment	underinvestment	ADJ
framr-1721	211	10	+	+	CCONJ
framr-1721	211	11	long	long	ADJ
framr-1721	211	12	-	-	PUNCT
framr-1721	211	13	term	term	NOUN
framr-1721	211	14	investment	investment	NOUN
framr-1721	211	15	):	):	PUNCT
framr-1721	211	16	positive	positive	ADJ
framr-1721	211	17	variation	variation	NOUN
framr-1721	211	18	in	in	ADP
framr-1721	211	19	the	the	DET
framr-1721	211	20	rate	rate	NOUN
framr-1721	211	21	of	of	ADP
framr-1721	211	22	assets	asset	NOUN
framr-1721	211	23	specificity	specificity	NOUN
framr-1721	211	24	,	,	PUNCT
framr-1721	211	25	low	low	ADJ
framr-1721	211	26	free	free	ADJ
framr-1721	211	27	cash	cash	NOUN
framr-1721	211	28	flow	flow	NOUN
framr-1721	211	29	,	,	PUNCT
framr-1721	211	30	future	future	ADJ
framr-1721	211	31	investment	investment	NOUN
framr-1721	211	32	opportunities	opportunity	NOUN
framr-1721	211	33	and	and	CCONJ
framr-1721	211	34	negative	negative	ADJ
framr-1721	211	35	variation	variation	NOUN
framr-1721	211	36	in	in	ADP
framr-1721	211	37	the	the	DET
framr-1721	211	38	rate	rate	NOUN
framr-1721	211	39	of	of	ADP
framr-1721	211	40	capital	capital	NOUN
framr-1721	211	41	expenditure	expenditure	NOUN
framr-1721	211	42	.	.	PUNCT
framr-1721	212	1	3.2.4	3.2.4	X
framr-1721	212	2	.	.	PUNCT
framr-1721	212	3	dividend	dividend	NOUN
framr-1721	212	4	policy	policy	NOUN
framr-1721	212	5	the	the	DET
framr-1721	212	6	variable	variable	NOUN
framr-1721	212	7	used	use	VERB
framr-1721	212	8	to	to	PART
framr-1721	212	9	measure	measure	VERB
framr-1721	212	10	dividends	dividend	NOUN
framr-1721	212	11	level	level	NOUN
framr-1721	212	12	is	be	AUX
framr-1721	212	13	the	the	DET
framr-1721	212	14	distribution	distribution	NOUN
framr-1721	212	15	rate	rate	NOUN
framr-1721	212	16	(	(	PUNCT
framr-1721	212	17	rozeff	rozeff	NOUN
framr-1721	212	18	,	,	PUNCT
framr-1721	212	19	1982	1982	NUM
framr-1721	212	20	;	;	PUNCT
framr-1721	212	21	agrawal	agrawal	PROPN
framr-1721	212	22	and	and	CCONJ
framr-1721	212	23	jayaraman	jayaraman	NOUN
framr-1721	212	24	,	,	PUNCT
framr-1721	212	25	1994	1994	NUM
framr-1721	212	26	)	)	PUNCT
framr-1721	212	27	.	.	PUNCT
framr-1721	213	1	the	the	DET
framr-1721	213	2	advantage	advantage	NOUN
framr-1721	213	3	of	of	ADP
framr-1721	213	4	the	the	DET
framr-1721	213	5	distribution	distribution	NOUN
framr-1721	213	6	rate	rate	NOUN
framr-1721	213	7	is	be	AUX
framr-1721	213	8	the	the	DET
framr-1721	213	9	information	information	NOUN
framr-1721	213	10	that	that	PRON
framr-1721	213	11	is	be	AUX
framr-1721	213	12	in	in	ADP
framr-1721	213	13	terms	term	NOUN
framr-1721	213	14	of	of	ADP
framr-1721	213	15	retention	retention	NOUN
framr-1721	213	16	of	of	ADP
framr-1721	213	17	earnings	earning	NOUN
framr-1721	213	18	and	and	CCONJ
framr-1721	213	19	,	,	PUNCT
framr-1721	213	20	therefore	therefore	ADV
framr-1721	213	21	,	,	PUNCT
framr-1721	213	22	whether	whether	SCONJ
framr-1721	213	23	the	the	DET
framr-1721	213	24	flow	flow	NOUN
framr-1721	213	25	(	(	PUNCT
framr-1721	213	26	the	the	DET
framr-1721	213	27	retention	retention	NOUN
framr-1721	213	28	rate	rate	NOUN
framr-1721	213	29	is	be	AUX
framr-1721	213	30	equal	equal	ADJ
framr-1721	213	31	to	to	ADP
framr-1721	213	32	100	100	NUM
framr-1721	213	33	in	in	ADP
framr-1721	213	34	the	the	DET
framr-1721	213	35	payout	payout	NOUN
framr-1721	213	36	ratio	ratio	NOUN
framr-1721	213	37	)	)	PUNCT
framr-1721	213	38	.	.	PUNCT
framr-1721	214	1	payout	payout	NOUN
framr-1721	214	2	ratio	ratio	NOUN
framr-1721	214	3	=	=	PUNCT
framr-1721	214	4	dividend	dividend	NOUN
framr-1721	214	5	per	per	ADP
framr-1721	214	6	share	share	NOUN
framr-1721	214	7	/	/	SYM
framr-1721	214	8	earnings	earning	NOUN
framr-1721	214	9	per	per	ADP
framr-1721	214	10	share	share	NOUN
framr-1721	214	11	3.2.5	3.2.5	NUM
framr-1721	214	12	.	.	PUNCT
framr-1721	215	1	control	control	NOUN
framr-1721	215	2	variables	variable	VERB
framr-1721	215	3	static	static	ADJ
framr-1721	215	4	trade	trade	NOUN
framr-1721	215	5	-	-	PUNCT
framr-1721	215	6	off	off	ADP
framr-1721	215	7	theory	theory	NOUN
framr-1721	215	8	(	(	PUNCT
framr-1721	215	9	stt	stt	PROPN
framr-1721	215	10	)	)	PUNCT
framr-1721	215	11	and	and	CCONJ
framr-1721	215	12	pecking	pecking	NOUN
framr-1721	215	13	order	order	NOUN
framr-1721	215	14	theory	theory	NOUN
framr-1721	215	15	(	(	PUNCT
framr-1721	215	16	pot	pot	NOUN
framr-1721	215	17	)	)	PUNCT
framr-1721	215	18	is	be	AUX
framr-1721	215	19	the	the	DET
framr-1721	215	20	body	body	NOUN
framr-1721	215	21	of	of	ADP
framr-1721	215	22	theory	theory	NOUN
framr-1721	215	23	of	of	ADP
framr-1721	215	24	reference	reference	NOUN
framr-1721	215	25	that	that	PRON
framr-1721	215	26	addressed	address	VERB
framr-1721	215	27	the	the	DET
framr-1721	215	28	issue	issue	NOUN
framr-1721	215	29	of	of	ADP
framr-1721	215	30	the	the	DET
framr-1721	215	31	financial	financial	ADJ
framr-1721	215	32	structure	structure	NOUN
framr-1721	215	33	of	of	ADP
framr-1721	215	34	the	the	DET
framr-1721	215	35	firm	firm	NOUN
framr-1721	215	36	.	.	PUNCT
framr-1721	216	1	the	the	DET
framr-1721	216	2	factors	factor	NOUN
framr-1721	216	3	that	that	PRON
framr-1721	216	4	explain	explain	VERB
framr-1721	216	5	the	the	DET
framr-1721	216	6	financial	financial	ADJ
framr-1721	216	7	structure	structure	NOUN
framr-1721	216	8	are	be	AUX
framr-1721	216	9	mainly	mainly	ADV
framr-1721	216	10	at	at	ADP
framr-1721	216	11	the	the	DET
framr-1721	216	12	cost	cost	NOUN
framr-1721	216	13	,	,	PUNCT
framr-1721	216	14	size	size	NOUN
framr-1721	216	15	,	,	PUNCT
framr-1721	216	16	level	level	NOUN
framr-1721	216	17	of	of	ADP
framr-1721	216	18	risk	risk	NOUN
framr-1721	216	19	,	,	PUNCT
framr-1721	216	20	growth	growth	NOUN
framr-1721	216	21	opportunities	opportunity	NOUN
framr-1721	216	22	,	,	PUNCT
framr-1721	216	23	the	the	DET
framr-1721	216	24	structure	structure	NOUN
framr-1721	216	25	of	of	ADP
framr-1721	216	26	assets	asset	NOUN
framr-1721	216	27	and	and	CCONJ
framr-1721	216	28	business	business	NOUN
framr-1721	216	29	(	(	PUNCT
framr-1721	216	30	rajan	rajan	PROPN
framr-1721	216	31	and	and	CCONJ
framr-1721	216	32	zingales	zingale	NOUN
framr-1721	216	33	,	,	PUNCT
framr-1721	216	34	1995	1995	NUM
framr-1721	216	35	;	;	PUNCT
framr-1721	216	36	booth	booth	NOUN
framr-1721	216	37	et	et	PROPN
framr-1721	216	38	al	al	PROPN
framr-1721	216	39	.	.	PROPN
framr-1721	216	40	,	,	PUNCT
framr-1721	216	41	2001	2001	NUM
framr-1721	216	42	;	;	PUNCT
framr-1721	216	43	dufour	dufour	PROPN
framr-1721	216	44	and	and	CCONJ
framr-1721	216	45	molay	molay	NOUN
framr-1721	216	46	,	,	PUNCT
framr-1721	216	47	2010	2010	NUM
framr-1721	216	48	)	)	PUNCT
framr-1721	216	49	.	.	PUNCT
framr-1721	217	1	we	we	PRON
framr-1721	217	2	include	include	VERB
framr-1721	217	3	in	in	ADP
framr-1721	217	4	our	our	PRON
framr-1721	217	5	model	model	NOUN
framr-1721	217	6	three	three	NUM
framr-1721	217	7	control	control	NOUN
framr-1721	217	8	variables	variable	NOUN
framr-1721	217	9	that	that	PRON
framr-1721	217	10	explain	explain	VERB
framr-1721	217	11	the	the	DET
framr-1721	217	12	effectiveness	effectiveness	NOUN
framr-1721	217	13	of	of	ADP
framr-1721	217	14	choice	choice	NOUN
framr-1721	217	15	of	of	ADP
framr-1721	217	16	financial	financial	ADJ
framr-1721	217	17	structure	structure	NOUN
framr-1721	217	18	of	of	ADP
framr-1721	217	19	the	the	DET
framr-1721	217	20	company	company	NOUN
framr-1721	217	21	.	.	PUNCT
framr-1721	218	1	these	these	DET
framr-1721	218	2	variables	variable	NOUN
framr-1721	218	3	are	be	AUX
framr-1721	218	4	proxies	proxy	NOUN
framr-1721	218	5	for	for	ADP
framr-1721	218	6	profitability	profitability	NOUN
framr-1721	218	7	,	,	PUNCT
framr-1721	218	8	firm	firm	ADJ
framr-1721	218	9	size	size	NOUN
framr-1721	218	10	and	and	CCONJ
framr-1721	218	11	growth	growth	NOUN
framr-1721	218	12	opportunities	opportunity	NOUN
framr-1721	218	13	.	.	PUNCT
framr-1721	219	1	3.2.5.1	3.2.5.1	NUM
framr-1721	219	2	.	.	NOUN
framr-1721	219	3	profitability	profitability	NOUN
framr-1721	219	4	more	more	ADV
framr-1721	219	5	profitable	profitable	ADJ
framr-1721	219	6	firms	firm	NOUN
framr-1721	219	7	have	have	VERB
framr-1721	219	8	,	,	PUNCT
framr-1721	219	9	ceteris	ceteris	VERB
framr-1721	219	10	paribus	paribus	NOUN
framr-1721	219	11	,	,	PUNCT
framr-1721	219	12	more	more	ADV
framr-1721	219	13	internally	internally	ADV
framr-1721	219	14	generated	generate	VERB
framr-1721	219	15	resources	resource	NOUN
framr-1721	219	16	to	to	PART
framr-1721	219	17	fund	fund	VERB
framr-1721	219	18	new	new	ADJ
framr-1721	219	19	investments	investment	NOUN
framr-1721	219	20	.	.	PUNCT
framr-1721	220	1	if	if	SCONJ
framr-1721	220	2	their	their	PRON
framr-1721	220	3	managers	manager	NOUN
framr-1721	220	4	follow	follow	VERB
framr-1721	220	5	a	a	DET
framr-1721	220	6	pecking	pecking	NOUN
framr-1721	220	7	order	order	NOUN
framr-1721	220	8	,	,	PUNCT
framr-1721	220	9	they	they	PRON
framr-1721	220	10	will	will	AUX
framr-1721	220	11	be	be	AUX
framr-1721	220	12	less	less	ADV
framr-1721	220	13	likely	likely	ADJ
framr-1721	220	14	to	to	PART
framr-1721	220	15	seek	seek	VERB
framr-1721	220	16	external	external	ADJ
framr-1721	220	17	financing	financing	NOUN
framr-1721	220	18	(	(	PUNCT
framr-1721	220	19	fama	fama	NOUN
framr-1721	220	20	and	and	CCONJ
framr-1721	220	21	french	french	ADJ
framr-1721	220	22	,	,	PUNCT
framr-1721	220	23	2002	2002	NUM
framr-1721	220	24	)	)	PUNCT
framr-1721	220	25	.	.	PUNCT
framr-1721	221	1	thus	thus	ADV
framr-1721	221	2	,	,	PUNCT
framr-1721	221	3	on	on	ADP
framr-1721	221	4	average	average	ADJ
framr-1721	221	5	,	,	PUNCT
framr-1721	221	6	these	these	DET
framr-1721	221	7	firms	firm	NOUN
framr-1721	221	8	’	'	PUNCT
framr-1721	221	9	leverage	leverage	NOUN
framr-1721	221	10	ratios	ratio	NOUN
framr-1721	221	11	will	will	AUX
framr-1721	221	12	be	be	AUX
framr-1721	221	13	lower	low	ADJ
framr-1721	221	14	.	.	PUNCT
framr-1721	222	1	in	in	ADP
framr-1721	222	2	trade	trade	NOUN
framr-1721	222	3	-	-	PUNCT
framr-1721	222	4	off	off	ADP
framr-1721	222	5	models	model	NOUN
framr-1721	222	6	,	,	PUNCT
framr-1721	222	7	on	on	ADP
framr-1721	222	8	the	the	DET
framr-1721	222	9	other	other	ADJ
framr-1721	222	10	hand	hand	NOUN
framr-1721	222	11	,	,	PUNCT
framr-1721	222	12	this	this	DET
framr-1721	222	13	relationship	relationship	NOUN
framr-1721	222	14	is	be	AUX
framr-1721	222	15	inverted	invert	VERB
framr-1721	222	16	.	.	PUNCT
framr-1721	223	1	more	more	ADV
framr-1721	223	2	profitable	profitable	ADJ
framr-1721	223	3	firms	firm	NOUN
framr-1721	223	4	are	be	AUX
framr-1721	223	5	less	less	ADV
framr-1721	223	6	subject	subject	ADJ
framr-1721	223	7	to	to	ADP
framr-1721	223	8	bankruptcy	bankruptcy	NOUN
framr-1721	223	9	risks	risk	NOUN
framr-1721	223	10	,	,	PUNCT
framr-1721	223	11	ceteris	ceteris	NOUN
framr-1721	223	12	paribus	paribus	NOUN
framr-1721	223	13	.	.	PUNCT
framr-1721	224	1	hence	hence	ADV
framr-1721	224	2	,	,	PUNCT
framr-1721	224	3	their	their	PRON
framr-1721	224	4	expected	expect	VERB
framr-1721	224	5	bankruptcy	bankruptcy	NOUN
framr-1721	224	6	costs	cost	NOUN
framr-1721	224	7	are	be	AUX
framr-1721	224	8	reduced	reduce	VERB
framr-1721	224	9	financial	financial	ADJ
framr-1721	224	10	risk	risk	NOUN
framr-1721	224	11	and	and	CCONJ
framr-1721	224	12	management	management	NOUN
framr-1721	224	13	reviews	review	NOUN
framr-1721	224	14	,	,	PUNCT
framr-1721	224	15	2016	2016	NUM
framr-1721	224	16	,	,	PUNCT
framr-1721	224	17	2(1	2(1	NUM
framr-1721	224	18	):	):	PUNCT
framr-1721	224	19	1	1	NUM
framr-1721	224	20	-	-	SYM
framr-1721	224	21	25	25	NUM
framr-1721	224	22	12	12	NUM
framr-1721	224	23	©	©	PROPN
framr-1721	224	24	2016	2016	NUM
framr-1721	224	25	conscientia	conscientia	PROPN
framr-1721	224	26	beam	beam	PROPN
framr-1721	224	27	.	.	PUNCT
framr-1721	225	1	all	all	DET
framr-1721	225	2	rights	right	NOUN
framr-1721	225	3	reserved	reserve	VERB
framr-1721	225	4	.	.	PUNCT
framr-1721	226	1	and	and	CCONJ
framr-1721	226	2	they	they	PRON
framr-1721	226	3	can	can	AUX
framr-1721	226	4	make	make	VERB
framr-1721	226	5	more	more	ADJ
framr-1721	226	6	use	use	NOUN
framr-1721	226	7	of	of	ADP
framr-1721	226	8	the	the	DET
framr-1721	226	9	tax	tax	NOUN
framr-1721	226	10	shields	shield	NOUN
framr-1721	226	11	provided	provide	VERB
framr-1721	226	12	by	by	ADP
framr-1721	226	13	debt	debt	NOUN
framr-1721	226	14	,	,	PUNCT
framr-1721	226	15	thus	thus	ADV
framr-1721	226	16	choosing	choose	VERB
framr-1721	226	17	a	a	DET
framr-1721	226	18	position	position	NOUN
framr-1721	226	19	of	of	ADP
framr-1721	226	20	greater	great	ADJ
framr-1721	226	21	leverage	leverage	NOUN
framr-1721	226	22	.	.	PUNCT
framr-1721	227	1	we	we	PRON
framr-1721	227	2	will	will	AUX
framr-1721	227	3	keep	keep	VERB
framr-1721	227	4	the	the	DET
framr-1721	227	5	ratio	ratio	NOUN
framr-1721	227	6	of	of	ADP
framr-1721	227	7	return	return	NOUN
framr-1721	227	8	on	on	ADP
framr-1721	227	9	assets	asset	NOUN
framr-1721	227	10	roa	roa	NOUN
framr-1721	227	11	to	to	PART
framr-1721	227	12	measure	measure	VERB
framr-1721	227	13	this	this	DET
framr-1721	227	14	variable	variable	NOUN
framr-1721	227	15	:	:	PUNCT
framr-1721	227	16	roa=	roa=	NOUN
framr-1721	227	17	earnings	earning	NOUN
framr-1721	227	18	before	before	ADP
framr-1721	227	19	interest	interest	NOUN
framr-1721	227	20	,	,	PUNCT
framr-1721	227	21	tax	tax	NOUN
framr-1721	227	22	,	,	PUNCT
framr-1721	227	23	depreciation	depreciation	NOUN
framr-1721	227	24	divided	divide	VERB
framr-1721	227	25	by	by	ADP
framr-1721	227	26	total	total	ADJ
framr-1721	227	27	assets	asset	NOUN
framr-1721	227	28	,	,	PUNCT
framr-1721	227	29	lagged	lag	VERB
framr-1721	227	30	one	one	NUM
framr-1721	227	31	year	year	NOUN
framr-1721	227	32	period	period	NOUN
framr-1721	227	33	.	.	PUNCT
framr-1721	228	1	3.2.5.2	3.2.5.2	X
framr-1721	228	2	.	.	PUNCT
framr-1721	228	3	firm	firm	ADJ
framr-1721	228	4	size	size	NOUN
framr-1721	228	5	studies	study	NOUN
framr-1721	228	6	suggest	suggest	VERB
framr-1721	228	7	that	that	SCONJ
framr-1721	228	8	the	the	DET
framr-1721	228	9	probability	probability	NOUN
framr-1721	228	10	of	of	ADP
framr-1721	228	11	bankruptcy	bankruptcy	NOUN
framr-1721	228	12	is	be	AUX
framr-1721	228	13	lower	low	ADJ
framr-1721	228	14	in	in	ADP
framr-1721	228	15	larger	large	ADJ
framr-1721	228	16	firms	firm	NOUN
framr-1721	228	17	and	and	CCONJ
framr-1721	228	18	that	that	SCONJ
framr-1721	228	19	,	,	PUNCT
framr-1721	228	20	therefore	therefore	ADV
framr-1721	228	21	,	,	PUNCT
framr-1721	228	22	their	their	PRON
framr-1721	228	23	debt	debt	NOUN
framr-1721	228	24	capacity	capacity	NOUN
framr-1721	228	25	is	be	AUX
framr-1721	228	26	higher	high	ADJ
framr-1721	228	27	than	than	ADP
framr-1721	228	28	that	that	PRON
framr-1721	228	29	of	of	ADP
framr-1721	228	30	smaller	small	ADJ
framr-1721	228	31	ones	one	NOUN
framr-1721	228	32	,	,	PUNCT
framr-1721	228	33	all	all	PRON
framr-1721	228	34	else	else	ADV
framr-1721	228	35	equal	equal	ADJ
framr-1721	228	36	.	.	PUNCT
framr-1721	229	1	on	on	ADP
framr-1721	229	2	the	the	DET
framr-1721	229	3	other	other	ADJ
framr-1721	229	4	hand	hand	NOUN
framr-1721	229	5	,	,	PUNCT
framr-1721	229	6	fixed	fix	VERB
framr-1721	229	7	transaction	transaction	NOUN
framr-1721	229	8	costs	cost	NOUN
framr-1721	229	9	can	can	AUX
framr-1721	229	10	make	make	VERB
framr-1721	229	11	new	new	ADJ
framr-1721	229	12	stock	stock	NOUN
framr-1721	229	13	issues	issue	NOUN
framr-1721	229	14	unattractive	unattractive	ADJ
framr-1721	229	15	to	to	ADP
framr-1721	229	16	small	small	ADJ
framr-1721	229	17	corporations	corporation	NOUN
framr-1721	229	18	,	,	PUNCT
framr-1721	229	19	stimulating	stimulate	VERB
framr-1721	229	20	them	they	PRON
framr-1721	229	21	to	to	PART
framr-1721	229	22	issue	issue	VERB
framr-1721	229	23	debt	debt	NOUN
framr-1721	229	24	(	(	PUNCT
framr-1721	229	25	rajan	rajan	NOUN
framr-1721	229	26	and	and	CCONJ
framr-1721	229	27	zingales	zingale	NOUN
framr-1721	229	28	,	,	PUNCT
framr-1721	229	29	1995	1995	NUM
framr-1721	229	30	;	;	PUNCT
framr-1721	229	31	hovakimian	hovakimian	PROPN
framr-1721	229	32	et	et	PROPN
framr-1721	229	33	al	al	PROPN
framr-1721	229	34	.	.	PROPN
framr-1721	229	35	,	,	PUNCT
framr-1721	229	36	2004	2004	NUM
framr-1721	229	37	;	;	PUNCT
framr-1721	229	38	dufour	dufour	PROPN
framr-1721	229	39	and	and	CCONJ
framr-1721	229	40	molay	molay	NOUN
framr-1721	229	41	,	,	PUNCT
framr-1721	229	42	2010	2010	NUM
framr-1721	229	43	)	)	PUNCT
framr-1721	229	44	.	.	PUNCT
framr-1721	230	1	indeed	indeed	ADV
framr-1721	230	2	,	,	PUNCT
framr-1721	230	3	most	most	ADJ
framr-1721	230	4	studies	study	NOUN
framr-1721	230	5	have	have	AUX
framr-1721	230	6	applied	apply	VERB
framr-1721	230	7	total	total	ADJ
framr-1721	230	8	assets	asset	NOUN
framr-1721	230	9	or	or	CCONJ
framr-1721	230	10	turnover	turnover	NOUN
framr-1721	230	11	as	as	ADP
framr-1721	230	12	a	a	DET
framr-1721	230	13	measure	measure	NOUN
framr-1721	230	14	for	for	ADP
framr-1721	230	15	firm	firm	ADJ
framr-1721	230	16	size	size	NOUN
framr-1721	230	17	(	(	PUNCT
framr-1721	230	18	bujadi	bujadi	NOUN
framr-1721	230	19	and	and	CCONJ
framr-1721	230	20	richardson	richardson	PROPN
framr-1721	230	21	,	,	PUNCT
framr-1721	230	22	1997	1997	NUM
framr-1721	230	23	)	)	PUNCT
framr-1721	230	24	.	.	PUNCT
framr-1721	231	1	in	in	ADP
framr-1721	231	2	this	this	DET
framr-1721	231	3	paper	paper	NOUN
framr-1721	231	4	,	,	PUNCT
framr-1721	231	5	it	it	PRON
framr-1721	231	6	is	be	AUX
framr-1721	231	7	measured	measure	VERB
framr-1721	231	8	through	through	ADP
framr-1721	231	9	the	the	DET
framr-1721	231	10	log	log	NOUN
framr-1721	231	11	of	of	ADP
framr-1721	231	12	the	the	DET
framr-1721	231	13	firm	firm	NOUN
framr-1721	231	14	’s	’s	PART
framr-1721	231	15	total	total	ADJ
framr-1721	231	16	assets	asset	NOUN
framr-1721	231	17	(	(	PUNCT
framr-1721	231	18	lnsize	lnsize	NOUN
framr-1721	231	19	)	)	PUNCT
framr-1721	231	20	.	.	PUNCT
framr-1721	232	1	mvs	mvs	PROPN
framr-1721	232	2	–	–	PUNCT
framr-1721	232	3	market	market	NOUN
framr-1721	232	4	value	value	NOUN
framr-1721	232	5	of	of	ADP
framr-1721	232	6	common	common	ADJ
framr-1721	232	7	and	and	CCONJ
framr-1721	232	8	preferred	preferred	ADJ
framr-1721	232	9	shares	share	NOUN
framr-1721	232	10	;	;	PUNCT
framr-1721	232	11	d	d	X
framr-1721	232	12	–	–	PUNCT
framr-1721	232	13	book	book	NOUN
framr-1721	232	14	value	value	NOUN
framr-1721	232	15	of	of	ADP
framr-1721	232	16	debt	debt	NOUN
framr-1721	232	17	,	,	PUNCT
framr-1721	232	18	defined	define	VERB
framr-1721	232	19	as	as	ADP
framr-1721	232	20	current	current	ADJ
framr-1721	232	21	liabilities	liability	NOUN
framr-1721	232	22	plus	plus	CCONJ
framr-1721	232	23	long	long	ADJ
framr-1721	232	24	-	-	PUNCT
framr-1721	232	25	term	term	NOUN
framr-1721	232	26	debt	debt	NOUN
framr-1721	232	27	plus	plus	CCONJ
framr-1721	232	28	inventories	inventory	NOUN
framr-1721	232	29	minus	minus	CCONJ
framr-1721	232	30	current	current	ADJ
framr-1721	232	31	assets	asset	NOUN
framr-1721	232	32	;	;	PUNCT
framr-1721	232	33	a	a	DET
framr-1721	232	34	–	–	PUNCT
framr-1721	232	35	total	total	ADJ
framr-1721	232	36	assets	asset	NOUN
framr-1721	232	37	.	.	PUNCT
framr-1721	233	1	3.2.5.3	3.2.5.3	NUM
framr-1721	233	2	.	.	PROPN
framr-1721	233	3	board	board	NOUN
framr-1721	233	4	of	of	ADP
framr-1721	233	5	directors	director	NOUN
framr-1721	233	6	to	to	PART
framr-1721	233	7	note	note	VERB
framr-1721	233	8	,	,	PUNCT
framr-1721	233	9	theories	theory	NOUN
framr-1721	233	10	regarding	regard	VERB
framr-1721	233	11	the	the	DET
framr-1721	233	12	board	board	NOUN
framr-1721	233	13	of	of	ADP
framr-1721	233	14	directors	director	NOUN
framr-1721	233	15	,	,	PUNCT
framr-1721	233	16	along	along	ADP
framr-1721	233	17	with	with	ADP
framr-1721	233	18	prior	prior	ADJ
framr-1721	233	19	empirical	empirical	ADJ
framr-1721	233	20	researches	research	NOUN
framr-1721	233	21	and	and	CCONJ
framr-1721	233	22	various	various	ADJ
framr-1721	233	23	recommendations	recommendation	NOUN
framr-1721	233	24	have	have	AUX
framr-1721	233	25	suggested	suggest	VERB
framr-1721	233	26	that	that	SCONJ
framr-1721	233	27	some	some	DET
framr-1721	233	28	board	board	NOUN
framr-1721	233	29	characteristics	characteristic	NOUN
framr-1721	233	30	have	have	VERB
framr-1721	233	31	an	an	DET
framr-1721	233	32	influence	influence	NOUN
framr-1721	233	33	on	on	ADP
framr-1721	233	34	the	the	DET
framr-1721	233	35	quality	quality	NOUN
framr-1721	233	36	of	of	ADP
framr-1721	233	37	the	the	DET
framr-1721	233	38	financial	financial	ADJ
framr-1721	233	39	report	report	NOUN
framr-1721	233	40	and	and	CCONJ
framr-1721	233	41	on	on	ADP
framr-1721	233	42	firms	firm	NOUN
framr-1721	233	43	’	’	PART
framr-1721	233	44	performance	performance	NOUN
framr-1721	233	45	.	.	PUNCT
framr-1721	234	1	board	board	NOUN
framr-1721	234	2	characteristics	characteristic	NOUN
framr-1721	234	3	are	be	AUX
framr-1721	234	4	examined	examine	VERB
framr-1721	234	5	here	here	ADV
framr-1721	234	6	:	:	PUNCT
framr-1721	234	7	,	,	PUNCT
framr-1721	234	8	independence	independence	NOUN
framr-1721	234	9	(	(	PUNCT
framr-1721	234	10	fama	fama	PROPN
framr-1721	234	11	and	and	CCONJ
framr-1721	234	12	jensen	jensen	PROPN
framr-1721	234	13	,	,	PUNCT
framr-1721	234	14	1983	1983	NUM
framr-1721	234	15	)	)	PUNCT
framr-1721	234	16	.	.	PUNCT
framr-1721	235	1	the	the	DET
framr-1721	235	2	board	board	NOUN
framr-1721	235	3	’s	’s	PART
framr-1721	235	4	independence	independence	NOUN
framr-1721	235	5	the	the	DET
framr-1721	235	6	different	different	ADJ
framr-1721	235	7	characteristics	characteristic	NOUN
framr-1721	235	8	pertaining	pertain	VERB
framr-1721	235	9	to	to	ADP
framr-1721	235	10	the	the	DET
framr-1721	235	11	board	board	NOUN
framr-1721	235	12	’s	’s	PART
framr-1721	235	13	independence	independence	NOUN
framr-1721	235	14	are	be	AUX
framr-1721	235	15	measured	measure	VERB
framr-1721	235	16	by	by	ADP
framr-1721	235	17	the	the	DET
framr-1721	235	18	following	follow	VERB
framr-1721	235	19	variable	variable	NOUN
framr-1721	235	20	:	:	PUNCT
framr-1721	235	21	bind	bind	NOUN
framr-1721	235	22	is	be	AUX
framr-1721	235	23	defined	define	VERB
framr-1721	235	24	as	as	ADP
framr-1721	235	25	the	the	DET
framr-1721	235	26	percentage	percentage	NOUN
framr-1721	235	27	of	of	ADP
framr-1721	235	28	the	the	DET
framr-1721	235	29	board	board	NOUN
framr-1721	235	30	members	member	NOUN
framr-1721	235	31	who	who	PRON
framr-1721	235	32	are	be	AUX
framr-1721	235	33	simultaneously	simultaneously	ADV
framr-1721	235	34	independent	independent	ADJ
framr-1721	235	35	and	and	CCONJ
framr-1721	235	36	non	non	NOUN
framr-1721	235	37	-	-	NOUN
framr-1721	235	38	executives	executive	NOUN
framr-1721	235	39	which	which	PRON
framr-1721	235	40	is	be	AUX
framr-1721	235	41	equal	equal	ADJ
framr-1721	235	42	to	to	ADP
framr-1721	235	43	the	the	DET
framr-1721	235	44	number	number	NOUN
framr-1721	235	45	of	of	ADP
framr-1721	235	46	outside	outside	ADJ
framr-1721	235	47	directors	director	NOUN
framr-1721	235	48	divided	divide	VERB
framr-1721	235	49	by	by	ADP
framr-1721	235	50	the	the	DET
framr-1721	235	51	total	total	ADJ
framr-1721	235	52	board	board	NOUN
framr-1721	235	53	members	member	NOUN
framr-1721	235	54	(	(	PUNCT
framr-1721	235	55	forker	forker	PROPN
framr-1721	235	56	,	,	PUNCT
framr-1721	235	57	1992	1992	NUM
framr-1721	235	58	;	;	PUNCT
framr-1721	235	59	wright	wright	PROPN
framr-1721	235	60	,	,	PUNCT
framr-1721	235	61	1996	1996	NUM
framr-1721	235	62	;	;	PUNCT
framr-1721	235	63	haniffa	haniffa	NOUN
framr-1721	235	64	and	and	CCONJ
framr-1721	235	65	cooke	cooke	PROPN
framr-1721	235	66	,	,	PUNCT
framr-1721	235	67	2000	2000	NUM
framr-1721	235	68	;	;	PUNCT
framr-1721	235	69	chtourou	chtourou	PROPN
framr-1721	235	70	et	et	PROPN
framr-1721	235	71	al	al	PROPN
framr-1721	235	72	.	.	PROPN
framr-1721	235	73	,	,	PUNCT
framr-1721	235	74	2001	2001	NUM
framr-1721	235	75	)	)	PUNCT
framr-1721	235	76	.	.	PUNCT
framr-1721	236	1	bind	bind	VERB
framr-1721	236	2	=	=	NOUN
framr-1721	236	3	number	number	NOUN
framr-1721	236	4	of	of	ADP
framr-1721	236	5	outside	outside	ADJ
framr-1721	236	6	directors	director	NOUN
framr-1721	236	7	/total	/total	PROPN
framr-1721	236	8	board	board	PROPN
framr-1721	236	9	members	member	NOUN
framr-1721	236	10	.	.	PUNCT
framr-1721	237	1	table	table	NOUN
framr-1721	237	2	4	4	NUM
framr-1721	237	3	presents	present	VERB
framr-1721	237	4	the	the	DET
framr-1721	237	5	characteristics	characteristic	NOUN
framr-1721	237	6	of	of	ADP
framr-1721	237	7	boards	board	NOUN
framr-1721	237	8	of	of	ADP
framr-1721	237	9	directors	director	NOUN
framr-1721	237	10	of	of	ADP
framr-1721	237	11	the	the	DET
framr-1721	237	12	100	100	NUM
framr-1721	237	13	tunisian	tunisian	ADJ
framr-1721	237	14	companies	company	NOUN
framr-1721	237	15	included	include	VERB
framr-1721	237	16	in	in	ADP
framr-1721	237	17	our	our	PRON
framr-1721	237	18	study	study	NOUN
framr-1721	237	19	.	.	PUNCT
framr-1721	238	1	tunisian	tunisian	ADJ
framr-1721	238	2	companies	company	NOUN
framr-1721	238	3	are	be	AUX
framr-1721	238	4	run	run	VERB
framr-1721	238	5	by	by	ADP
framr-1721	238	6	independent	independent	ADJ
framr-1721	238	7	boards	board	NOUN
framr-1721	238	8	,	,	PUNCT
framr-1721	238	9	medium	medium	NOUN
framr-1721	238	10	(	(	PUNCT
framr-1721	238	11	seven	seven	NUM
framr-1721	238	12	directors	director	NOUN
framr-1721	238	13	)	)	PUNCT
framr-1721	238	14	and	and	CCONJ
framr-1721	238	15	not	not	PART
framr-1721	238	16	dominated	dominate	VERB
framr-1721	238	17	by	by	ADP
framr-1721	238	18	ceos	ceo	NOUN
framr-1721	238	19	.	.	PUNCT
framr-1721	239	1	table-4	table-4	PROPN
framr-1721	239	2	.	.	PUNCT
framr-1721	239	3	board	board	NOUN
framr-1721	239	4	of	of	ADP
framr-1721	239	5	directors	director	NOUN
framr-1721	239	6	’	'	PUNCT
framr-1721	239	7	characteristics	characteristic	NOUN
framr-1721	239	8	variables	variable	NOUN
framr-1721	239	9	mean	mean	VERB
framr-1721	239	10	std	std	X
framr-1721	239	11	min	min	PROPN
framr-1721	239	12	max	max	PROPN
framr-1721	239	13	n	n	PRON
framr-1721	239	14	entire	entire	ADJ
framr-1721	239	15	board	board	NOUN
framr-1721	239	16	7.60	7.60	NUM
framr-1721	239	17	2.56	2.56	NUM
framr-1721	239	18	4	4	NUM
framr-1721	239	19	12	12	NUM
framr-1721	239	20	100	100	NUM
framr-1721	239	21	outside	outside	ADP
framr-1721	239	22	directors	director	NOUN
framr-1721	239	23	2.62	2.62	NUM
framr-1721	239	24	1.11	1.11	NUM
framr-1721	239	25	1	1	NUM
framr-1721	239	26	4	4	NUM
framr-1721	239	27	100	100	NUM
framr-1721	239	28	affiliated	affiliate	VERB
framr-1721	239	29	directors	director	NOUN
framr-1721	239	30	1.98	1.98	NUM
framr-1721	239	31	0.80	0.80	NUM
framr-1721	239	32	1	1	NUM
framr-1721	239	33	3	3	NUM
framr-1721	239	34	100	100	NUM
framr-1721	239	35	inside	inside	ADP
framr-1721	239	36	directors	director	NOUN
framr-1721	239	37	3.360	3.360	NUM
framr-1721	239	38	1.34	1.34	NUM
framr-1721	239	39	1	1	NUM
framr-1721	239	40	5	5	NUM
framr-1721	239	41	100	100	NUM
framr-1721	239	42	ceo	ceo	NOUN
framr-1721	239	43	duality	duality	NOUN
framr-1721	239	44	0.26	0.26	NUM
framr-1721	239	45	0.44	0.44	NUM
framr-1721	239	46	0	0	NUM
framr-1721	239	47	1	1	NUM
framr-1721	239	48	100	100	NUM
framr-1721	239	49	financial	financial	ADJ
framr-1721	239	50	risk	risk	NOUN
framr-1721	239	51	and	and	CCONJ
framr-1721	239	52	management	management	NOUN
framr-1721	239	53	reviews	review	NOUN
framr-1721	239	54	,	,	PUNCT
framr-1721	239	55	2016	2016	NUM
framr-1721	239	56	,	,	PUNCT
framr-1721	239	57	2(1	2(1	NUM
framr-1721	239	58	):	):	PUNCT
framr-1721	239	59	1	1	NUM
framr-1721	239	60	-	-	SYM
framr-1721	239	61	25	25	NUM
framr-1721	239	62	13	13	NUM
framr-1721	239	63	©	©	PROPN
framr-1721	239	64	2016	2016	NUM
framr-1721	239	65	conscientia	conscientia	PROPN
framr-1721	239	66	beam	beam	PROPN
framr-1721	239	67	.	.	PUNCT
framr-1721	240	1	all	all	DET
framr-1721	240	2	rights	right	NOUN
framr-1721	240	3	reserved	reserve	VERB
framr-1721	240	4	.	.	PUNCT
framr-1721	241	1	for	for	ADP
framr-1721	241	2	simplification	simplification	NOUN
framr-1721	241	3	purposes	purpose	NOUN
framr-1721	241	4	,	,	PUNCT
framr-1721	241	5	the	the	DET
framr-1721	241	6	summary	summary	NOUN
framr-1721	241	7	of	of	ADP
framr-1721	241	8	each	each	DET
framr-1721	241	9	variable	variable	ADJ
framr-1721	241	10	extent	extent	NOUN
framr-1721	241	11	range	range	NOUN
framr-1721	241	12	in	in	ADP
framr-1721	241	13	the	the	DET
framr-1721	241	14	model	model	NOUN
framr-1721	241	15	,	,	PUNCT
framr-1721	241	16	its	its	PRON
framr-1721	241	17	name	name	NOUN
framr-1721	241	18	as	as	ADV
framr-1721	241	19	well	well	ADV
framr-1721	241	20	as	as	ADP
framr-1721	241	21	its	its	PRON
framr-1721	241	22	expected	expect	VERB
framr-1721	241	23	impact	impact	NOUN
framr-1721	241	24	on	on	ADP
framr-1721	241	25	the	the	DET
framr-1721	241	26	firm	firm	ADJ
framr-1721	241	27	assets	asset	NOUN
framr-1721	241	28	specificity	specificity	NOUN
framr-1721	241	29	choice	choice	NOUN
framr-1721	241	30	are	be	AUX
framr-1721	241	31	depicted	depict	VERB
framr-1721	241	32	in	in	ADP
framr-1721	241	33	table	table	NOUN
framr-1721	241	34	3	3	NUM
framr-1721	241	35	.	.	PUNCT
framr-1721	242	1	table-5	table-5	PROPN
framr-1721	242	2	.	.	PUNCT
framr-1721	243	1	operational	operational	ADJ
framr-1721	243	2	definitions	definition	NOUN
framr-1721	243	3	of	of	ADP
framr-1721	243	4	variables	variable	NOUN
framr-1721	243	5	class	class	NOUN
framr-1721	243	6	:	:	PUNCT
framr-1721	243	7	phenomena	phenomena	PROPN
framr-1721	243	8	:	:	PUNCT
framr-1721	243	9	mesure	mesure	NOUN
framr-1721	243	10	:	:	PUNCT
framr-1721	243	11	variables	variable	NOUN
framr-1721	243	12	:	:	PUNCT
framr-1721	243	13	predictions	prediction	NOUN
framr-1721	243	14	:	:	PUNCT
framr-1721	243	15	endogens	endogen	NOUN
framr-1721	243	16	variables	variable	NOUN
framr-1721	243	17	:	:	PUNCT
framr-1721	243	18	debet	debet	ADJ
framr-1721	243	19	maturity	maturity	NOUN
framr-1721	243	20	debt	debt	NOUN
framr-1721	243	21	deadline	deadline	NOUN
framr-1721	243	22	dmat=	dmat=	NUM
framr-1721	243	23	long	long	ADJ
framr-1721	243	24	term	term	NOUN
framr-1721	243	25	debet	debet	PROPN
framr-1721	243	26	/	/	SYM
framr-1721	243	27	total	total	ADJ
framr-1721	243	28	debet	debet	PROPN
framr-1721	243	29	dm	dm	PROPN
framr-1721	243	30	exogenous	exogenous	ADJ
framr-1721	243	31	variables	variable	NOUN
framr-1721	243	32	:	:	PUNCT
framr-1721	243	33	short	short	ADJ
framr-1721	243	34	ter	ter	NOUN
framr-1721	243	35	m	m	PROPN
framr-1721	243	36	medium	medium	NOUN
framr-1721	243	37	longterm	longterm	NOUN
framr-1721	243	38	optimism	optimism	NOUN
framr-1721	243	39	directors	director	NOUN
framr-1721	243	40	overestimate	overestimate	VERB
framr-1721	243	41	capacity	capacity	NOUN
framr-1721	243	42	of	of	ADP
framr-1721	243	43	their	their	PRON
framr-1721	243	44	firms	firm	NOUN
framr-1721	243	45	the	the	DET
framr-1721	243	46	questionnaire	questionnaire	NOUN
framr-1721	243	47	obtained	obtain	VERB
framr-1721	243	48	score	score	NOUN
framr-1721	243	49	op	op	NOUN
framr-1721	243	50	+	+	CCONJ
framr-1721	244	1	+	+	CCONJ
framr-1721	244	2	lost	lose	VERB
framr-1721	244	3	aversion	aversion	NOUN
framr-1721	244	4	loss	loss	NOUN
framr-1721	244	5	rumination	rumination	NOUN
framr-1721	244	6	and	and	CCONJ
framr-1721	244	7	reputation	reputation	NOUN
framr-1721	244	8	the	the	DET
framr-1721	244	9	questionnaire	questionnaire	NOUN
framr-1721	244	10	obtained	obtain	VERB
framr-1721	244	11	score	score	NOUN
framr-1721	244	12	la	la	ADP
framr-1721	244	13	+	+	CCONJ
framr-1721	244	14	+	+	NUM
framr-1721	244	15	overconfidence	overconfidence	NOUN
framr-1721	244	16	directors	director	NOUN
framr-1721	244	17	overestimate	overestimate	VERB
framr-1721	244	18	their	their	PRON
framr-1721	244	19	personal	personal	ADJ
framr-1721	244	20	competences	competence	NOUN
framr-1721	244	21	the	the	DET
framr-1721	244	22	questionnaire	questionnaire	NOUN
framr-1721	244	23	obtained	obtain	VERB
framr-1721	244	24	score	score	NOUN
framr-1721	244	25	over	over	ADP
framr-1721	244	26	+	+	PROPN
framr-1721	245	1	+	+	CCONJ
framr-1721	245	2	+	+	CCONJ
framr-1721	245	3	investment	investment	NOUN
framr-1721	245	4	decision	decision	NOUN
framr-1721	245	5	assets	asset	NOUN
framr-1721	245	6	specificity	specificity	NOUN
framr-1721	245	7	asset	asset	NOUN
framr-1721	245	8	specificity	specificity	NOUN
framr-1721	245	9	rate	rate	NOUN
framr-1721	245	10	(	(	PUNCT
framr-1721	245	11	asr	asr	NOUN
framr-1721	245	12	)	)	PUNCT
framr-1721	245	13	=	=	SYM
framr-1721	245	14	intangible	intangible	ADJ
framr-1721	245	15	assets	asset	NOUN
framr-1721	245	16	/	/	SYM
framr-1721	245	17	asset	asset	NOUN
framr-1721	245	18	accoun	accoun	PROPN
framr-1721	245	19	ting	ting	PROPN
framr-1721	245	20	.	.	PUNCT
framr-1721	246	1	as	as	ADP
framr-1721	246	2	+	+	CCONJ
framr-1721	246	3	+	+	CCONJ
framr-1721	246	4	investment	investment	NOUN
framr-1721	246	5	level	level	NOUN
framr-1721	246	6	free	free	ADJ
framr-1721	246	7	cash	cash	NOUN
framr-1721	246	8	flow	flow	NOUN
framr-1721	246	9	rate	rate	NOUN
framr-1721	246	10	(	(	PUNCT
framr-1721	246	11	fcfr	fcfr	PROPN
framr-1721	246	12	)	)	PUNCT
framr-1721	246	13	=	=	PUNCT
framr-1721	246	14	operating	operate	VERB
framr-1721	246	15	profit	profit	NOUN
framr-1721	246	16	/	/	SYM
framr-1721	246	17	total	total	ADJ
framr-1721	246	18	assets	asset	NOUN
framr-1721	246	19	.	.	PUNCT
framr-1721	247	1	and	and	CCONJ
framr-1721	247	2	it	it	PRON
framr-1721	247	3	it	it	PRON
framr-1721	247	4	it	it	PRON
framr-1721	247	5	it	it	PRON
framr-1721	247	6	mvs	mvs	PROPN
framr-1721	248	1	d	d	NOUN
framr-1721	248	2	q	q	PROPN
framr-1721	248	3	a	a	DET
framr-1721	248	4			ADJ
framr-1721	248	5			X
framr-1721	248	6	inl	inl	X
framr-1721	248	7	+	+	CCONJ
framr-1721	248	8	+	+	CCONJ
framr-1721	248	9	investment	investment	NOUN
framr-1721	248	10	horizon	horizon	NOUN
framr-1721	248	11	capital	capital	NOUN
framr-1721	248	12	expenditure	expenditure	NOUN
framr-1721	248	13	rate	rate	NOUN
framr-1721	248	14	(	(	PUNCT
framr-1721	248	15	cer	cer	NOUN
framr-1721	248	16	)	)	PUNCT
framr-1721	249	1	=	=	VERB
framr-1721	249	2	operating	operate	VERB
framr-1721	249	3	a	a	DET
framr-1721	249	4	ssets	sset	NOUN
framr-1721	249	5	/	/	SYM
framr-1721	249	6	total	total	ADJ
framr-1721	249	7	assets	asset	NOUN
framr-1721	249	8	inh	inh	NOUN
framr-1721	249	9	+	+	CCONJ
framr-1721	250	1	+	+	CCONJ
framr-1721	250	2	+	+	CCONJ
framr-1721	250	3	dividend	dividend	NOUN
framr-1721	250	4	policy	policy	NOUN
framr-1721	250	5	the	the	DET
framr-1721	250	6	presence	presence	NOUN
framr-1721	250	7	of	of	ADP
framr-1721	250	8	a	a	DET
framr-1721	250	9	dividend	dividend	NOUN
framr-1721	250	10	policy	policy	NOUN
framr-1721	250	11	payout	payout	NOUN
framr-1721	250	12	ratio	ratio	NOUN
framr-1721	250	13	=	=	PUNCT
framr-1721	250	14	dividend	dividend	NOUN
framr-1721	250	15	per	per	ADP
framr-1721	250	16	share	share	NOUN
framr-1721	250	17	/	/	SYM
framr-1721	250	18	earnings	earning	NOUN
framr-1721	250	19	per	per	ADP
framr-1721	250	20	share	share	NOUN
framr-1721	250	21	if	if	SCONJ
framr-1721	250	22	the	the	DET
framr-1721	250	23	payout	payout	NOUN
framr-1721	250	24	ratio	ratio	NOUN
framr-1721	250	25	<	<	X
framr-1721	250	26	0	0	NUM
framr-1721	250	27	or	or	CCONJ
framr-1721	250	28	>	>	X
framr-1721	250	29	0	0	NUM
framr-1721	250	30	:	:	PUNCT
framr-1721	250	31	yes	yes	INTJ
framr-1721	250	32	:	:	PUNCT
framr-1721	250	33	presence	presence	NOUN
framr-1721	250	34	of	of	ADP
framr-1721	250	35	a	a	DET
framr-1721	250	36	policy	policy	NOUN
framr-1721	250	37	of	of	ADP
framr-1721	250	38	dividend	dividend	NOUN
framr-1721	250	39	distribution	distribution	NOUN
framr-1721	250	40	.	.	PUNCT
framr-1721	251	1	if	if	SCONJ
framr-1721	251	2	the	the	DET
framr-1721	251	3	payout	payout	NOUN
framr-1721	251	4	ratio	ratio	NOUN
framr-1721	251	5	=	=	NOUN
framr-1721	251	6	0	0	NUM
framr-1721	251	7	:	:	PUNCT
framr-1721	251	8	no	no	INTJ
framr-1721	251	9	,	,	PUNCT
framr-1721	251	10	absenc	absenc	NOUN
framr-1721	251	11	e	e	PROPN
framr-1721	251	12	of	of	ADP
framr-1721	251	13	a	a	DET
framr-1721	251	14	policy	policy	NOUN
framr-1721	251	15	of	of	ADP
framr-1721	251	16	dividend	dividend	NOUN
framr-1721	251	17	distribution	distribution	NOUN
framr-1721	251	18	dv	dv	PROPN
framr-1721	251	19	+	+	NUM
framr-1721	251	20	controls	control	NOUN
framr-1721	251	21	variables	variable	NOUN
framr-1721	251	22	:	:	PUNCT
framr-1721	251	23	financial	financial	ADJ
framr-1721	251	24	risk	risk	NOUN
framr-1721	251	25	and	and	CCONJ
framr-1721	251	26	management	management	NOUN
framr-1721	251	27	reviews	review	NOUN
framr-1721	251	28	,	,	PUNCT
framr-1721	251	29	2016	2016	NUM
framr-1721	251	30	,	,	PUNCT
framr-1721	251	31	2(1	2(1	NUM
framr-1721	251	32	):	):	PUNCT
framr-1721	251	33	1	1	NUM
framr-1721	251	34	-	-	SYM
framr-1721	251	35	25	25	NUM
framr-1721	251	36	14	14	NUM
framr-1721	251	37	©	©	PROPN
framr-1721	251	38	2016	2016	NUM
framr-1721	251	39	conscientia	conscientia	PROPN
framr-1721	251	40	beam	beam	PROPN
framr-1721	251	41	.	.	PUNCT
framr-1721	252	1	all	all	DET
framr-1721	252	2	rights	right	NOUN
framr-1721	252	3	reserved	reserve	VERB
framr-1721	252	4	.	.	PUNCT
framr-1721	253	1	profitability	profitability	NOUN
framr-1721	253	2	reports	report	NOUN
framr-1721	253	3	on	on	ADP
framr-1721	253	4	the	the	DET
framr-1721	253	5	company	company	NOUN
framr-1721	253	6	's	's	PART
framr-1721	253	7	ability	ability	NOUN
framr-1721	253	8	to	to	PART
framr-1721	253	9	meet	meet	VERB
framr-1721	253	10	its	its	PRON
framr-1721	253	11	commitments	commitment	NOUN
framr-1721	253	12	roa=	roa=	NOUN
framr-1721	253	13	earnings	earning	NOUN
framr-1721	253	14	before	before	ADP
framr-1721	253	15	interest	interest	NOUN
framr-1721	253	16	,	,	PUNCT
framr-1721	253	17	tax	tax	NOUN
framr-1721	253	18	,	,	PUNCT
framr-1721	253	19	depreciation	depreciation	NOUN
framr-1721	253	20	divided	divide	VERB
framr-1721	253	21	by	by	ADP
framr-1721	253	22	total	total	ADJ
framr-1721	253	23	assets	asset	NOUN
framr-1721	253	24	,	,	PUNCT
framr-1721	253	25	lagged	lag	VERB
framr-1721	253	26	one	one	NUM
framr-1721	253	27	year	year	NOUN
framr-1721	253	28	period	period	NOUN
framr-1721	253	29	pf	pf	PROPN
framr-1721	253	30	+	+	CCONJ
framr-1721	254	1	+	+	CCONJ
framr-1721	254	2	firm	firm	ADJ
framr-1721	254	3	size	size	NOUN
framr-1721	254	4	firms	firm	NOUN
framr-1721	254	5	signaled	signal	VERB
framr-1721	254	6	performance	performance	NOUN
framr-1721	254	7	ln	ln	ADJ
framr-1721	254	8	(	(	PUNCT
framr-1721	254	9	total	total	ADJ
framr-1721	254	10	assets	asset	NOUN
framr-1721	254	11	)	)	PUNCT
framr-1721	254	12	lnsize	lnsize	NOUN
framr-1721	254	13	+	+	X
framr-1721	255	1	+	+	CCONJ
framr-1721	256	1	+	+	NUM
framr-1721	256	2	board	board	NOUN
framr-1721	256	3	of	of	ADP
framr-1721	256	4	directors	director	NOUN
framr-1721	256	5	the	the	DET
framr-1721	256	6	presence	presence	NOUN
framr-1721	256	7	of	of	ADP
framr-1721	256	8	independent	independent	ADJ
framr-1721	256	9	members	member	NOUN
framr-1721	256	10	in	in	ADP
framr-1721	256	11	the	the	DET
framr-1721	256	12	board	board	NOUN
framr-1721	256	13	number	number	NOUN
framr-1721	256	14	of	of	ADP
framr-1721	256	15	outside	outside	ADJ
framr-1721	256	16	directors	director	NOUN
framr-1721	256	17	/total	/total	PROPN
framr-1721	256	18	board	board	PROPN
framr-1721	256	19	members	member	NOUN
framr-1721	256	20	.	.	PUNCT
framr-1721	257	1	bind	bind	VERB
framr-1721	257	2	+	+	NOUN
framr-1721	257	3	3.3	3.3	NUM
framr-1721	257	4	.	.	PUNCT
framr-1721	258	1	bayesian	bayesian	NOUN
framr-1721	258	2	network	network	NOUN
framr-1721	258	3	method	method	VERB
framr-1721	258	4	the	the	DET
framr-1721	258	5	definition	definition	NOUN
framr-1721	258	6	of	of	ADP
framr-1721	258	7	a	a	DET
framr-1721	258	8	bayesian	bayesian	NOUN
framr-1721	258	9	network	network	NOUN
framr-1721	258	10	can	can	AUX
framr-1721	258	11	be	be	AUX
framr-1721	258	12	found	find	VERB
framr-1721	258	13	in	in	ADP
framr-1721	258	14	many	many	ADJ
framr-1721	258	15	versions	version	NOUN
framr-1721	258	16	,	,	PUNCT
framr-1721	258	17	but	but	CCONJ
framr-1721	258	18	the	the	DET
framr-1721	258	19	basic	basic	ADJ
framr-1721	258	20	form	form	NOUN
framr-1721	258	21	(	(	PUNCT
framr-1721	258	22	pearl	pearl	NOUN
framr-1721	258	23	,	,	PUNCT
framr-1721	258	24	1986	1986	NUM
framr-1721	258	25	)	)	PUNCT
framr-1721	258	26	is	be	AUX
framr-1721	258	27	stated	state	VERB
framr-1721	258	28	as	as	SCONJ
framr-1721	258	29	follows	follow	VERB
framr-1721	258	30	:	:	PUNCT
framr-1721	258	31	a	a	DET
framr-1721	258	32	bayesian	bayesian	NOUN
framr-1721	258	33	network	network	NOUN
framr-1721	258	34	is	be	AUX
framr-1721	258	35	a	a	DET
framr-1721	258	36	directed	direct	VERB
framr-1721	258	37	probability	probability	NOUN
framr-1721	258	38	graph	graph	NOUN
framr-1721	258	39	,	,	PUNCT
framr-1721	258	40	connecting	connect	VERB
framr-1721	258	41	the	the	DET
framr-1721	258	42	relative	relative	ADJ
framr-1721	258	43	variables	variable	NOUN
framr-1721	258	44	with	with	ADP
framr-1721	258	45	arcs	arc	NOUN
framr-1721	258	46	,	,	PUNCT
framr-1721	258	47	and	and	CCONJ
framr-1721	258	48	this	this	DET
framr-1721	258	49	kind	kind	NOUN
framr-1721	258	50	of	of	ADP
framr-1721	258	51	connection	connection	NOUN
framr-1721	258	52	expresses	express	VERB
framr-1721	258	53	the	the	DET
framr-1721	258	54	conditional	conditional	ADJ
framr-1721	258	55	dependence	dependence	NOUN
framr-1721	258	56	between	between	ADP
framr-1721	258	57	the	the	DET
framr-1721	258	58	variables	variable	NOUN
framr-1721	258	59	.	.	PUNCT
framr-1721	259	1	the	the	DET
framr-1721	259	2	formal	formal	ADJ
framr-1721	259	3	definition	definition	NOUN
framr-1721	259	4	follows	follow	VERB
framr-1721	259	5	.	.	PUNCT
framr-1721	260	1	a	a	DET
framr-1721	260	2	bayesian	bayesian	NOUN
framr-1721	260	3	network	network	NOUN
framr-1721	260	4	is	be	AUX
framr-1721	260	5	defined	define	VERB
framr-1721	260	6	as	as	ADP
framr-1721	260	7	the	the	DET
framr-1721	260	8	set	set	NOUN
framr-1721	260	9	of	of	ADP
framr-1721	260	10	(	(	PUNCT
framr-1721	260	11	d	d	PROPN
framr-1721	260	12	,	,	PUNCT
framr-1721	260	13	s	s	X
framr-1721	260	14	,	,	PUNCT
framr-1721	260	15	and	and	CCONJ
framr-1721	260	16	p	p	X
framr-1721	260	17	)	)	PUNCT
framr-1721	260	18	,	,	PUNCT
framr-1721	260	19	where	where	SCONJ
framr-1721	260	20	:	:	PUNCT
framr-1721	260	21	(	(	PUNCT
framr-1721	260	22	1	1	X
framr-1721	260	23	)	)	PUNCT
framr-1721	260	24	d	d	NOUN
framr-1721	260	25	is	be	AUX
framr-1721	260	26	a	a	DET
framr-1721	260	27	set	set	NOUN
framr-1721	260	28	of	of	ADP
framr-1721	260	29	variables	variable	NOUN
framr-1721	260	30	(	(	PUNCT
framr-1721	260	31	or	or	CCONJ
framr-1721	260	32	nodes	node	NOUN
framr-1721	260	33	):	):	PUNCT
framr-1721	260	34	in	in	ADP
framr-1721	260	35	our	our	PRON
framr-1721	260	36	case	case	NOUN
framr-1721	260	37	it	it	PRON
framr-1721	260	38	consists	consist	VERB
framr-1721	260	39	of	of	ADP
framr-1721	260	40	investment	investment	NOUN
framr-1721	260	41	cash	cash	NOUN
framr-1721	260	42	flow	flow	NOUN
framr-1721	260	43	sensitivity	sensitivity	NOUN
framr-1721	260	44	,	,	PUNCT
framr-1721	260	45	optimism	optimism	NOUN
framr-1721	260	46	,	,	PUNCT
framr-1721	260	47	loss	loss	NOUN
framr-1721	260	48	aversion	aversion	NOUN
framr-1721	260	49	,	,	PUNCT
framr-1721	260	50	overconfidence	overconfidence	NOUN
framr-1721	260	51	,	,	PUNCT
framr-1721	260	52	profitability	profitability	NOUN
framr-1721	260	53	,	,	PUNCT
framr-1721	260	54	firm	firm	ADJ
framr-1721	260	55	size	size	NOUN
framr-1721	260	56	and	and	CCONJ
framr-1721	260	57	future	future	ADJ
framr-1721	260	58	investment	investment	NOUN
framr-1721	260	59	opportunities	opportunity	NOUN
framr-1721	260	60	.	.	PUNCT
framr-1721	261	1	(	(	PUNCT
framr-1721	261	2	2	2	X
framr-1721	261	3	)	)	PUNCT
framr-1721	261	4	s	s	VERB
framr-1721	261	5	is	be	AUX
framr-1721	261	6	a	a	DET
framr-1721	261	7	set	set	NOUN
framr-1721	261	8	of	of	ADP
framr-1721	261	9	conditional	conditional	ADJ
framr-1721	261	10	probability	probability	NOUN
framr-1721	261	11	distributions	distribution	NOUN
framr-1721	261	12	(	(	PUNCT
framr-1721	261	13	cpd	cpd	NOUN
framr-1721	261	14	)	)	PUNCT
framr-1721	261	15	.	.	PUNCT
framr-1721	262	1	s	s	PART
framr-1721	263	1	=	=	PUNCT
framr-1721	263	2	{	{	PUNCT
framr-1721	263	3	p	p	X
framr-1721	263	4	(	(	PUNCT
framr-1721	263	5	d	d	NOUN
framr-1721	263	6	/parents	/parents	PUNCT
framr-1721	263	7	(	(	PUNCT
framr-1721	263	8	d	d	NOUN
framr-1721	263	9	)	)	PUNCT
framr-1721	263	10	/	/	PUNCT
framr-1721	263	11	d	d	NOUN
framr-1721	263	12	∈	∈	PROPN
framr-1721	263	13	d	d	PROPN
framr-1721	263	14	)	)	PUNCT
framr-1721	263	15	,	,	PUNCT
framr-1721	263	16	parents	parent	NOUN
framr-1721	263	17	(	(	PUNCT
framr-1721	263	18	d	d	X
framr-1721	263	19	)	)	PUNCT
framr-1721	263	20	⊂	⊂	PROPN
framr-1721	264	1	d	d	X
framr-1721	264	2	stands	stand	VERB
framr-1721	264	3	for	for	SCONJ
framr-1721	264	4	all	all	DET
framr-1721	264	5	the	the	DET
framr-1721	264	6	parent	parent	NOUN
framr-1721	264	7	nodes	nod	VERB
framr-1721	264	8	for	for	ADP
framr-1721	264	9	d	d	PROPN
framr-1721	264	10	,	,	PUNCT
framr-1721	264	11	p	p	X
framr-1721	264	12	(	(	PUNCT
framr-1721	264	13	d	d	NOUN
framr-1721	264	14	/	/	SYM
framr-1721	264	15	parents	parent	NOUN
framr-1721	264	16	(	(	PUNCT
framr-1721	264	17	d	d	X
framr-1721	264	18	)	)	PUNCT
framr-1721	264	19	is	be	AUX
framr-1721	264	20	the	the	DET
framr-1721	264	21	conditional	conditional	ADJ
framr-1721	264	22	distribution	distribution	NOUN
framr-1721	264	23	of	of	ADP
framr-1721	264	24	variable	variable	ADJ
framr-1721	264	25	d.	d.	NOUN
framr-1721	264	26	(	(	PUNCT
framr-1721	264	27	3	3	NUM
framr-1721	264	28	)	)	PUNCT
framr-1721	264	29	p	p	NOUN
framr-1721	264	30	is	be	AUX
framr-1721	264	31	a	a	DET
framr-1721	264	32	set	set	NOUN
framr-1721	264	33	of	of	ADP
framr-1721	264	34	marginal	marginal	ADJ
framr-1721	264	35	probability	probability	NOUN
framr-1721	264	36	distributions	distribution	NOUN
framr-1721	264	37	.	.	PUNCT
framr-1721	265	1	p	p	X
framr-1721	265	2	=	=	X
framr-1721	265	3	{	{	PUNCT
framr-1721	265	4	p	p	X
framr-1721	265	5	(	(	PUNCT
framr-1721	265	6	d	d	NOUN
framr-1721	265	7	)	)	PUNCT
framr-1721	265	8	/	/	PUNCT
framr-1721	266	1	d	d	NOUN
framr-1721	266	2	∈	∈	PROPN
framr-1721	266	3	d	d	X
framr-1721	266	4	}	}	PUNCT
framr-1721	266	5	stands	stand	VERB
framr-1721	266	6	for	for	ADP
framr-1721	266	7	the	the	DET
framr-1721	266	8	probability	probability	NOUN
framr-1721	266	9	distribution	distribution	NOUN
framr-1721	266	10	of	of	ADP
framr-1721	266	11	variable	variable	ADJ
framr-1721	266	12	d.	d.	NOUN
framr-1721	266	13	in	in	ADP
framr-1721	266	14	the	the	DET
framr-1721	266	15	bayesian	bayesian	NOUN
framr-1721	266	16	network	network	NOUN
framr-1721	266	17	,	,	PUNCT
framr-1721	266	18	variables	variable	NOUN
framr-1721	266	19	are	be	AUX
framr-1721	266	20	used	use	VERB
framr-1721	266	21	to	to	PART
framr-1721	266	22	express	express	VERB
framr-1721	266	23	the	the	DET
framr-1721	266	24	events	event	NOUN
framr-1721	266	25	or	or	CCONJ
framr-1721	266	26	objects	object	NOUN
framr-1721	266	27	.	.	PUNCT
framr-1721	267	1	the	the	DET
framr-1721	267	2	problem	problem	NOUN
framr-1721	267	3	could	could	AUX
framr-1721	267	4	be	be	AUX
framr-1721	267	5	modeled	model	VERB
framr-1721	267	6	with	with	ADP
framr-1721	267	7	the	the	DET
framr-1721	267	8	behavior	behavior	NOUN
framr-1721	267	9	of	of	ADP
framr-1721	267	10	these	these	DET
framr-1721	267	11	variables	variable	NOUN
framr-1721	267	12	.	.	PUNCT
framr-1721	268	1	in	in	ADP
framr-1721	268	2	general	general	ADJ
framr-1721	268	3	,	,	PUNCT
framr-1721	268	4	we	we	PRON
framr-1721	268	5	first	first	ADV
framr-1721	268	6	calculate	calculate	VERB
framr-1721	268	7	(	(	PUNCT
framr-1721	268	8	or	or	CCONJ
framr-1721	268	9	determine	determine	VERB
framr-1721	268	10	from	from	ADP
framr-1721	268	11	expert	expert	ADJ
framr-1721	268	12	experience	experience	NOUN
framr-1721	268	13	)	)	PUNCT
framr-1721	268	14	the	the	DET
framr-1721	268	15	probability	probability	NOUN
framr-1721	268	16	distribution	distribution	NOUN
framr-1721	268	17	of	of	ADP
framr-1721	268	18	each	each	DET
framr-1721	268	19	variable	variable	NOUN
framr-1721	268	20	and	and	CCONJ
framr-1721	268	21	the	the	DET
framr-1721	268	22	conditional	conditional	ADJ
framr-1721	268	23	probability	probability	NOUN
framr-1721	268	24	distribution	distribution	NOUN
framr-1721	268	25	between	between	ADP
framr-1721	268	26	them	they	PRON
framr-1721	268	27	.	.	PUNCT
framr-1721	269	1	then	then	ADV
framr-1721	269	2	from	from	ADP
framr-1721	269	3	these	these	DET
framr-1721	269	4	distributions	distribution	NOUN
framr-1721	269	5	we	we	PRON
framr-1721	269	6	can	can	AUX
framr-1721	269	7	obtain	obtain	VERB
framr-1721	269	8	the	the	DET
framr-1721	269	9	joint	joint	ADJ
framr-1721	269	10	distributions	distribution	NOUN
framr-1721	269	11	of	of	ADP
framr-1721	269	12	these	these	DET
framr-1721	269	13	variables	variable	NOUN
framr-1721	269	14	.	.	PUNCT
framr-1721	270	1	finally	finally	ADV
framr-1721	270	2	,	,	PUNCT
framr-1721	270	3	some	some	DET
framr-1721	270	4	deductions	deduction	NOUN
framr-1721	270	5	can	can	AUX
framr-1721	270	6	be	be	AUX
framr-1721	270	7	developed	develop	VERB
framr-1721	270	8	for	for	ADP
framr-1721	270	9	some	some	DET
framr-1721	270	10	variables	variable	NOUN
framr-1721	270	11	of	of	ADP
framr-1721	270	12	interest	interest	NOUN
framr-1721	270	13	using	use	VERB
framr-1721	270	14	some	some	DET
framr-1721	270	15	other	other	ADJ
framr-1721	270	16	known	know	VERB
framr-1721	270	17	variables	variable	NOUN
framr-1721	270	18	.	.	PUNCT
framr-1721	271	1	3.3.1	3.3.1	X
framr-1721	271	2	.	.	PUNCT
framr-1721	271	3	define	define	VERB
framr-1721	271	4	network	network	NOUN
framr-1721	271	5	variables	variable	NOUN
framr-1721	271	6	and	and	CCONJ
framr-1721	271	7	values	value	NOUN
framr-1721	271	8	the	the	DET
framr-1721	271	9	first	first	ADJ
framr-1721	271	10	step	step	NOUN
framr-1721	271	11	in	in	ADP
framr-1721	271	12	building	build	VERB
framr-1721	271	13	a	a	DET
framr-1721	271	14	bayesian	bayesian	NOUN
framr-1721	271	15	network	network	NOUN
framr-1721	271	16	expert	expert	NOUN
framr-1721	271	17	is	be	AUX
framr-1721	271	18	to	to	PART
framr-1721	271	19	list	list	VERB
framr-1721	271	20	the	the	DET
framr-1721	271	21	variables	variable	NOUN
framr-1721	271	22	recursively	recursively	ADV
framr-1721	271	23	,	,	PUNCT
framr-1721	271	24	starting	start	VERB
framr-1721	271	25	from	from	ADP
framr-1721	271	26	the	the	DET
framr-1721	271	27	target	target	NOUN
framr-1721	271	28	variable	variable	NOUN
framr-1721	271	29	to	to	ADP
framr-1721	271	30	the	the	DET
framr-1721	271	31	causes	cause	NOUN
framr-1721	271	32	.	.	PUNCT
framr-1721	272	1	in	in	ADP
framr-1721	272	2	this	this	DET
framr-1721	272	3	order	order	NOUN
framr-1721	272	4	we	we	PRON
framr-1721	272	5	present	present	VERB
framr-1721	272	6	the	the	DET
framr-1721	272	7	variables	variable	NOUN
framr-1721	272	8	in	in	ADP
framr-1721	272	9	the	the	DET
framr-1721	272	10	table	table	NOUN
framr-1721	272	11	below	below	ADV
framr-1721	272	12	:	:	PUNCT
framr-1721	272	13	financial	financial	ADJ
framr-1721	272	14	risk	risk	NOUN
framr-1721	272	15	and	and	CCONJ
framr-1721	272	16	management	management	NOUN
framr-1721	272	17	reviews	review	NOUN
framr-1721	272	18	,	,	PUNCT
framr-1721	272	19	2016	2016	NUM
framr-1721	272	20	,	,	PUNCT
framr-1721	272	21	2(1	2(1	NUM
framr-1721	272	22	):	):	PUNCT
framr-1721	272	23	1	1	NUM
framr-1721	272	24	-	-	SYM
framr-1721	272	25	25	25	NUM
framr-1721	272	26	15	15	NUM
framr-1721	272	27	©	©	PROPN
framr-1721	272	28	2016	2016	NUM
framr-1721	272	29	conscientia	conscientia	PROPN
framr-1721	272	30	beam	beam	PROPN
framr-1721	272	31	.	.	PUNCT
framr-1721	273	1	all	all	DET
framr-1721	273	2	rights	right	NOUN
framr-1721	273	3	reserved	reserve	VERB
framr-1721	273	4	.	.	PUNCT
framr-1721	274	1	table-6	table-6	X
framr-1721	274	2	.	.	PUNCT
framr-1721	275	1	the	the	DET
framr-1721	275	2	network	network	NOUN
framr-1721	275	3	variables	variable	NOUN
framr-1721	275	4	and	and	CCONJ
framr-1721	275	5	their	their	PRON
framr-1721	275	6	values	value	NOUN
framr-1721	275	7	variables	variable	NOUN
framr-1721	275	8	type	type	VERB
framr-1721	275	9	debt	debt	NOUN
framr-1721	275	10	maturity	maturity	NOUN
framr-1721	275	11	discret	discret	NOUN
framr-1721	276	1	[	[	X
framr-1721	276	2	1	1	NUM
framr-1721	276	3	;	;	PUNCT
framr-1721	276	4	2	2	NUM
framr-1721	276	5	;	;	PUNCT
framr-1721	276	6	3	3	NUM
framr-1721	276	7	]	]	PUNCT
framr-1721	276	8	investment	investment	NOUN
framr-1721	276	9	decision	decision	NOUN
framr-1721	276	10	discret	discret	NOUN
framr-1721	276	11	[	[	X
framr-1721	276	12	1	1	NUM
framr-1721	276	13	;	;	PUNCT
framr-1721	276	14	2	2	NUM
framr-1721	276	15	;	;	PUNCT
framr-1721	276	16	3	3	NUM
framr-1721	276	17	;	;	PUNCT
framr-1721	276	18	4	4	NUM
framr-1721	276	19	;	;	PUNCT
framr-1721	276	20	5	5	NUM
framr-1721	276	21	;	;	PUNCT
framr-1721	276	22	6	6	NUM
framr-1721	276	23	;	;	PUNCT
framr-1721	276	24	7	7	NUM
framr-1721	276	25	;	;	PUNCT
framr-1721	276	26	8	8	NUM
framr-1721	276	27	;	;	PUNCT
framr-1721	276	28	9	9	NUM
framr-1721	276	29	]	]	PUNCT
framr-1721	276	30	dividend	dividend	NOUN
framr-1721	276	31	policy	policy	NOUN
framr-1721	276	32	discret	discret	NOUN
framr-1721	276	33	:	:	PUNCT
framr-1721	276	34	yes	yes	INTJ
framr-1721	276	35	/	/	SYM
framr-1721	276	36	no	no	DET
framr-1721	276	37	optimism	optimism	NOUN
framr-1721	276	38	discret	discret	NOUN
framr-1721	276	39	:	:	PUNCT
framr-1721	277	1	yes	yes	INTJ
framr-1721	277	2	/	/	SYM
framr-1721	277	3	no	no	DET
framr-1721	277	4	loss	loss	NOUN
framr-1721	277	5	aversion	aversion	NOUN
framr-1721	277	6	discret	discret	ADJ
framr-1721	277	7	:	:	PUNCT
framr-1721	277	8	yes	yes	INTJ
framr-1721	277	9	/	/	SYM
framr-1721	277	10	no	no	DET
framr-1721	277	11	overconfidence	overconfidence	NOUN
framr-1721	277	12	discret	discret	ADJ
framr-1721	277	13	:	:	PUNCT
framr-1721	277	14	yes	yes	INTJ
framr-1721	277	15	/	/	SYM
framr-1721	277	16	no	no	DET
framr-1721	277	17	profitability	profitability	NOUN
framr-1721	277	18	discret	discret	NOUN
framr-1721	277	19	:	:	PUNCT
framr-1721	277	20	yes	yes	INTJ
framr-1721	277	21	/	/	SYM
framr-1721	277	22	no	no	DET
framr-1721	277	23	firm	firm	ADJ
framr-1721	277	24	size	size	NOUN
framr-1721	277	25	discret	discret	NOUN
framr-1721	278	1	[	[	X
framr-1721	278	2	1	1	NUM
framr-1721	278	3	;	;	PUNCT
framr-1721	278	4	2	2	NUM
framr-1721	278	5	;	;	PUNCT
framr-1721	278	6	3	3	X
framr-1721	278	7	]	]	PUNCT
framr-1721	278	8	future	future	ADJ
framr-1721	278	9	investment	investment	NOUN
framr-1721	278	10	opportunities	opportunity	NOUN
framr-1721	278	11	discret	discret	ADJ
framr-1721	278	12	:	:	PUNCT
framr-1721	278	13	yes	yes	INTJ
framr-1721	278	14	/	/	SYM
framr-1721	278	15	no	no	DET
framr-1721	278	16	board	board	NOUN
framr-1721	278	17	independence	independence	NOUN
framr-1721	278	18	discret	discret	ADJ
framr-1721	278	19	:	:	PUNCT
framr-1721	279	1	yes	yes	INTJ
framr-1721	279	2	/	/	SYM
framr-1721	279	3	no	no	DET
framr-1721	279	4	3.3.2	3.3.2	NOUN
framr-1721	279	5	.	.	PUNCT
framr-1721	279	6	graphical	graphical	ADJ
framr-1721	279	7	model	model	NOUN
framr-1721	279	8	the	the	DET
framr-1721	279	9	second	second	ADJ
framr-1721	279	10	step	step	NOUN
framr-1721	279	11	of	of	ADP
framr-1721	279	12	bayesian	bayesian	NOUN
framr-1721	279	13	network	network	NOUN
framr-1721	279	14	the	the	DET
framr-1721	279	15	construction	construction	NOUN
framr-1721	279	16	is	be	AUX
framr-1721	279	17	to	to	PART
framr-1721	279	18	express	express	VERB
framr-1721	279	19	the	the	DET
framr-1721	279	20	relationships	relationship	NOUN
framr-1721	279	21	between	between	ADP
framr-1721	279	22	variables	variable	NOUN
framr-1721	279	23	.	.	PUNCT
framr-1721	280	1	the	the	DET
framr-1721	280	2	bayesialab	bayesialab	ADJ
framr-1721	280	3	learning	learning	NOUN
framr-1721	280	4	of	of	ADP
framr-1721	280	5	bayesian	bayesian	NOUN
framr-1721	280	6	network	network	NOUN
framr-1721	280	7	by	by	ADP
framr-1721	280	8	taking	take	VERB
framr-1721	280	9	the	the	DET
framr-1721	280	10	database	database	NOUN
framr-1721	280	11	as	as	ADP
framr-1721	280	12	a	a	DET
framr-1721	280	13	discrete	discrete	ADJ
framr-1721	280	14	entry	entry	NOUN
framr-1721	280	15	process	process	NOUN
framr-1721	280	16	without	without	ADP
framr-1721	280	17	sampling	sample	VERB
framr-1721	280	18	data	datum	NOUN
framr-1721	280	19	.	.	PUNCT
framr-1721	281	1	the	the	DET
framr-1721	281	2	bayesian	bayesian	NOUN
framr-1721	281	3	network	network	NOUN
framr-1721	281	4	constructed	construct	VERB
framr-1721	281	5	is	be	AUX
framr-1721	281	6	the	the	DET
framr-1721	281	7	result	result	NOUN
framr-1721	281	8	for	for	ADP
framr-1721	281	9	the	the	DET
framr-1721	281	10	total	total	ADJ
framr-1721	281	11	database	database	NOUN
framr-1721	281	12	.	.	PUNCT
framr-1721	282	1	according	accord	VERB
framr-1721	282	2	to	to	ADP
framr-1721	282	3	the	the	DET
framr-1721	282	4	data	datum	NOUN
framr-1721	282	5	that	that	PRON
framr-1721	282	6	we	we	PRON
framr-1721	282	7	have	have	AUX
framr-1721	282	8	received	receive	VERB
framr-1721	282	9	through	through	ADP
framr-1721	282	10	the	the	DET
framr-1721	282	11	questionnaire	questionnaire	NOUN
framr-1721	282	12	,	,	PUNCT
framr-1721	282	13	we	we	PRON
framr-1721	282	14	have	have	AUX
framr-1721	282	15	established	establish	VERB
framr-1721	282	16	relationships	relationship	NOUN
framr-1721	282	17	following	follow	VERB
framr-1721	282	18	graph	graph	NOUN
framr-1721	282	19	(	(	PUNCT
framr-1721	282	20	fig	fig	NOUN
framr-1721	282	21	.	.	NOUN
framr-1721	282	22	1	1	NUM
framr-1721	282	23	)	)	PUNCT
framr-1721	282	24	.	.	PUNCT
framr-1721	283	1	fig-1	fig-1	X
framr-1721	283	2	.	.	PUNCT
framr-1721	284	1	firm	firm	ADJ
framr-1721	284	2	debt	debt	NOUN
framr-1721	284	3	maturity	maturity	NOUN
framr-1721	284	4	choice	choice	NOUN
framr-1721	284	5	:	:	PUNCT
framr-1721	284	6	bayesian	bayesian	NOUN
framr-1721	284	7	network	network	NOUN
framr-1721	284	8	the	the	DET
framr-1721	284	9	graphical	graphical	ADJ
framr-1721	284	10	model	model	NOUN
framr-1721	284	11	if	if	SCONJ
framr-1721	284	12	it	it	PRON
framr-1721	284	13	(	(	PUNCT
framr-1721	284	14	figure	figure	NOUN
framr-1721	284	15	1	1	NUM
framr-1721	284	16	)	)	PUNCT
framr-1721	284	17	explains	explain	VERB
framr-1721	284	18	the	the	DET
framr-1721	284	19	debt	debt	NOUN
framr-1721	284	20	maturity	maturity	NOUN
framr-1721	284	21	choice	choice	NOUN
framr-1721	284	22	of	of	ADP
framr-1721	284	23	tunisian	tunisian	ADJ
framr-1721	284	24	firms	firm	NOUN
framr-1721	284	25	.	.	PUNCT
framr-1721	285	1	this	this	DET
framr-1721	285	2	decision	decision	NOUN
framr-1721	285	3	is	be	AUX
framr-1721	285	4	affected	affect	VERB
framr-1721	285	5	by	by	ADP
framr-1721	285	6	the	the	DET
framr-1721	285	7	ceo	ceo	NOUN
framr-1721	285	8	emotional	emotional	ADJ
framr-1721	285	9	bias	bias	NOUN
framr-1721	285	10	(	(	PUNCT
framr-1721	285	11	optimism	optimism	NOUN
framr-1721	285	12	,	,	PUNCT
framr-1721	285	13	loss	loss	NOUN
framr-1721	285	14	aversion	aversion	NOUN
framr-1721	285	15	,	,	PUNCT
framr-1721	285	16	and	and	CCONJ
framr-1721	285	17	overconfidence	overconfidence	NOUN
framr-1721	285	18	)	)	PUNCT
framr-1721	285	19	.	.	PUNCT
framr-1721	286	1	these	these	DET
framr-1721	286	2	emotional	emotional	ADJ
framr-1721	286	3	biases	bias	NOUN
framr-1721	286	4	originate	originate	VERB
framr-1721	286	5	the	the	DET
framr-1721	286	6	firms	firm	NOUN
framr-1721	286	7	’	’	PART
framr-1721	286	8	financial	financial	ADJ
framr-1721	286	9	position	position	NOUN
framr-1721	286	10	(	(	PUNCT
framr-1721	286	11	capital	capital	NOUN
framr-1721	286	12	structure	structure	NOUN
framr-1721	286	13	choice	choice	NOUN
framr-1721	286	14	,	,	PUNCT
framr-1721	286	15	dividend	dividend	NOUN
framr-1721	286	16	policy	policy	NOUN
framr-1721	286	17	,	,	PUNCT
framr-1721	286	18	size	size	NOUN
framr-1721	286	19	,	,	PUNCT
framr-1721	286	20	profitability	profitability	NOUN
framr-1721	286	21	and	and	CCONJ
framr-1721	286	22	board	board	NOUN
framr-1721	286	23	independence	independence	NOUN
framr-1721	286	24	)	)	PUNCT
framr-1721	286	25	.	.	PUNCT
framr-1721	287	1	in	in	ADP
framr-1721	287	2	what	what	PRON
framr-1721	287	3	follows	follow	VERB
framr-1721	287	4	,	,	PUNCT
framr-1721	287	5	we	we	PRON
framr-1721	287	6	describe	describe	VERB
framr-1721	287	7	in	in	ADP
framr-1721	287	8	detail	detail	NOUN
framr-1721	287	9	the	the	DET
framr-1721	287	10	various	various	ADJ
framr-1721	287	11	correlations	correlation	NOUN
framr-1721	287	12	between	between	ADP
framr-1721	287	13	these	these	DET
framr-1721	287	14	variables	variable	NOUN
framr-1721	287	15	and	and	CCONJ
framr-1721	287	16	their	their	PRON
framr-1721	287	17	effect	effect	NOUN
framr-1721	287	18	on	on	ADP
framr-1721	287	19	the	the	DET
framr-1721	287	20	target	target	NOUN
framr-1721	287	21	variable	variable	NOUN
framr-1721	287	22	(	(	PUNCT
framr-1721	287	23	debt	debt	NOUN
framr-1721	287	24	maturity	maturity	NOUN
framr-1721	287	25	:	:	PUNCT
framr-1721	287	26	dm	dm	NOUN
framr-1721	287	27	)	)	PUNCT
framr-1721	287	28	.	.	PUNCT
framr-1721	288	1	financial	financial	ADJ
framr-1721	288	2	risk	risk	NOUN
framr-1721	288	3	and	and	CCONJ
framr-1721	288	4	management	management	NOUN
framr-1721	288	5	reviews	review	NOUN
framr-1721	288	6	,	,	PUNCT
framr-1721	288	7	2016	2016	NUM
framr-1721	288	8	,	,	PUNCT
framr-1721	288	9	2(1	2(1	NUM
framr-1721	288	10	):	):	PUNCT
framr-1721	288	11	1	1	NUM
framr-1721	288	12	-	-	SYM
framr-1721	288	13	25	25	NUM
framr-1721	288	14	16	16	NUM
framr-1721	288	15	©	©	PROPN
framr-1721	288	16	2016	2016	NUM
framr-1721	288	17	conscientia	conscientia	PROPN
framr-1721	288	18	beam	beam	PROPN
framr-1721	288	19	.	.	PUNCT
framr-1721	289	1	all	all	DET
framr-1721	289	2	rights	right	NOUN
framr-1721	289	3	reserved	reserve	VERB
framr-1721	289	4	.	.	PUNCT
framr-1721	290	1	4	4	X
framr-1721	290	2	.	.	X
framr-1721	290	3	empirical	empirical	ADJ
framr-1721	290	4	results	result	NOUN
framr-1721	290	5	4.1	4.1	NUM
framr-1721	290	6	.	.	PUNCT
framr-1721	291	1	the	the	DET
framr-1721	291	2	relationships	relationship	NOUN
framr-1721	291	3	discovered	discover	VERB
framr-1721	291	4	analysis	analysis	NOUN
framr-1721	291	5	the	the	DET
framr-1721	291	6	relationships	relationship	NOUN
framr-1721	291	7	between	between	ADP
framr-1721	291	8	the	the	DET
framr-1721	291	9	variables	variable	NOUN
framr-1721	291	10	in	in	ADP
framr-1721	291	11	the	the	DET
framr-1721	291	12	database	database	NOUN
framr-1721	291	13	are	be	AUX
framr-1721	291	14	directed	direct	VERB
framr-1721	291	15	at	at	ADP
framr-1721	291	16	the	the	DET
framr-1721	291	17	parent	parent	NOUN
framr-1721	291	18	node	node	ADJ
framr-1721	291	19	child	child	NOUN
framr-1721	291	20	node	node	PROPN
framr-1721	291	21	.	.	PUNCT
framr-1721	292	1	each	each	DET
framr-1721	292	2	relationship	relationship	NOUN
framr-1721	292	3	is	be	AUX
framr-1721	292	4	composed	compose	VERB
framr-1721	292	5	of	of	ADP
framr-1721	292	6	three	three	NUM
framr-1721	292	7	different	different	ADJ
framr-1721	292	8	measures	measure	NOUN
framr-1721	292	9	:	:	PUNCT
framr-1721	292	10	the	the	DET
framr-1721	292	11	kullback	kullback	NOUN
framr-1721	292	12	-	-	PUNCT
framr-1721	292	13	leibler	leibler	NOUN
framr-1721	292	14	,	,	PUNCT
framr-1721	292	15	the	the	DET
framr-1721	292	16	relative	relative	ADJ
framr-1721	292	17	weight	weight	NOUN
framr-1721	292	18	and	and	CCONJ
framr-1721	292	19	the	the	DET
framr-1721	292	20	pearson	pearson	NOUN
framr-1721	292	21	correlation	correlation	NOUN
framr-1721	292	22	(	(	PUNCT
framr-1721	292	23	direction	direction	NOUN
framr-1721	292	24	of	of	ADP
framr-1721	292	25	relation	relation	NOUN
framr-1721	292	26	)	)	PUNCT
framr-1721	292	27	.	.	PUNCT
framr-1721	293	1	indeed	indeed	ADV
framr-1721	293	2	,	,	PUNCT
framr-1721	293	3	the	the	DET
framr-1721	293	4	kullback	kullback	NOUN
framr-1721	293	5	-	-	PUNCT
framr-1721	293	6	leibler	leibler	NOUN
framr-1721	293	7	and	and	CCONJ
framr-1721	293	8	the	the	DET
framr-1721	293	9	relative	relative	ADJ
framr-1721	293	10	weight	weight	NOUN
framr-1721	293	11	are	be	AUX
framr-1721	293	12	two	two	NUM
framr-1721	293	13	measures	measure	NOUN
framr-1721	293	14	indicating	indicate	VERB
framr-1721	293	15	the	the	DET
framr-1721	293	16	strength	strength	NOUN
framr-1721	293	17	of	of	ADP
framr-1721	293	18	relationships	relationship	NOUN
framr-1721	293	19	and	and	CCONJ
framr-1721	293	20	the	the	DET
framr-1721	293	21	level	level	NOUN
framr-1721	293	22	correlation	correlation	NOUN
framr-1721	293	23	between	between	ADP
framr-1721	293	24	variables	variable	NOUN
framr-1721	293	25	,	,	PUNCT
framr-1721	293	26	in	in	ADP
framr-1721	293	27	that	that	PRON
framr-1721	293	28	while	while	SCONJ
framr-1721	293	29	the	the	DET
framr-1721	293	30	correlation	correlation	NOUN
framr-1721	293	31	measure	measure	NOUN
framr-1721	293	32	of	of	ADP
framr-1721	293	33	personal	personal	ADJ
framr-1721	293	34	meaning	meaning	NOUN
framr-1721	293	35	and	and	CCONJ
framr-1721	293	36	relationship	relationship	NOUN
framr-1721	293	37	significance	significance	NOUN
framr-1721	293	38	.	.	PUNCT
framr-1721	294	1	the	the	DET
framr-1721	294	2	relative	relative	ADJ
framr-1721	294	3	weight	weight	NOUN
framr-1721	294	4	scale	scale	NOUN
framr-1721	294	5	of	of	ADP
framr-1721	294	6	0	0	NUM
framr-1721	294	7	to	to	PART
framr-1721	294	8	1	1	NUM
framr-1721	294	9	.	.	PUNCT
framr-1721	295	1	thus	thus	ADV
framr-1721	295	2	,	,	PUNCT
framr-1721	295	3	the	the	DET
framr-1721	295	4	table	table	NOUN
framr-1721	295	5	(	(	PUNCT
framr-1721	295	6	table	table	NOUN
framr-1721	295	7	5	5	NUM
framr-1721	295	8	)	)	PUNCT
framr-1721	295	9	below	below	ADV
framr-1721	295	10	shows	show	VERB
framr-1721	295	11	the	the	DET
framr-1721	295	12	relationships	relationship	NOUN
framr-1721	295	13	analysis	analysis	NOUN
framr-1721	295	14	results	result	NOUN
framr-1721	295	15	between	between	ADP
framr-1721	295	16	variables	variable	NOUN
framr-1721	295	17	across	across	ADP
framr-1721	295	18	the	the	DET
framr-1721	295	19	network	network	NOUN
framr-1721	295	20	pearson	pearson	PROPN
framr-1721	295	21	correlation	correlation	NOUN
framr-1721	295	22	.	.	PUNCT
framr-1721	296	1	table	table	NOUN
framr-1721	296	2	7	7	NUM
framr-1721	296	3	examines	examine	VERB
framr-1721	296	4	the	the	DET
framr-1721	296	5	relationship	relationship	NOUN
framr-1721	296	6	(	(	PUNCT
framr-1721	296	7	independence	independence	NOUN
framr-1721	296	8	and	and	CCONJ
framr-1721	296	9	correlation	correlation	NOUN
framr-1721	296	10	)	)	PUNCT
framr-1721	296	11	between	between	ADP
framr-1721	296	12	networks	network	NOUN
framr-1721	296	13	variables	variable	NOUN
framr-1721	296	14	.	.	PUNCT
framr-1721	297	1	table-7	table-7	X
framr-1721	297	2	.	.	PUNCT
framr-1721	298	1	the	the	DET
framr-1721	298	2	relationships	relationship	NOUN
framr-1721	298	3	analysis	analysis	NOUN
framr-1721	298	4	note	note	NOUN
framr-1721	298	5	:	:	PUNCT
framr-1721	298	6	a.	a.	NOUN
framr-1721	298	7	kullback	kullback	NOUN
framr-1721	298	8	-	-	PUNCT
framr-1721	298	9	leibler	leibler	NOUN
framr-1721	298	10	close	close	ADV
framr-1721	298	11	to	to	ADP
framr-1721	298	12	1	1	NUM
framr-1721	298	13	:	:	PUNCT
framr-1721	298	14	important	important	ADJ
framr-1721	298	15	correlation	correlation	NOUN
framr-1721	298	16	between	between	ADP
framr-1721	298	17	the	the	DET
framr-1721	298	18	variables	variables	PROPN
framr-1721	298	19	b.	b.	PROPN
framr-1721	298	20	relative	relative	PROPN
framr-1721	298	21	weight	weight	PROPN
framr-1721	298	22	close	close	ADV
framr-1721	298	23	to	to	PART
framr-1721	298	24	1	1	NUM
framr-1721	298	25	:	:	PUNCT
framr-1721	298	26	important	important	ADJ
framr-1721	298	27	correlation	correlation	NOUN
framr-1721	298	28	between	between	ADP
framr-1721	298	29	the	the	DET
framr-1721	298	30	variables	variable	NOUN
framr-1721	298	31	.	.	PUNCT
framr-1721	299	1	c.	c.	PROPN
framr-1721	299	2	pearson	pearson	PROPN
framr-1721	299	3	correlation	correlation	PROPN
framr-1721	299	4	:*	:*	PROPN
framr-1721	299	5	,	,	PUNCT
framr-1721	299	6	*	*	PUNCT
framr-1721	299	7	*	*	PUNCT
framr-1721	299	8	,	,	PUNCT
framr-1721	299	9	*	*	PUNCT
framr-1721	299	10	*	*	PUNCT
framr-1721	299	11	*	*	PUNCT
framr-1721	299	12	,	,	PUNCT
framr-1721	299	13	respectively	respectively	ADV
framr-1721	299	14	at	at	ADP
framr-1721	299	15	10	10	NUM
framr-1721	299	16	%	%	NOUN
framr-1721	299	17	,	,	PUNCT
framr-1721	299	18	5	5	NUM
framr-1721	299	19	%	%	NOUN
framr-1721	299	20	,	,	PUNCT
framr-1721	299	21	1	1	NUM
framr-1721	299	22	%	%	NOUN
framr-1721	299	23	.	.	PUNCT
framr-1721	300	1	parents	parent	NOUN
framr-1721	300	2	nodes	node	NOUN
framr-1721	300	3	childs	child	VERB
framr-1721	300	4	nodes	nod	VERB
framr-1721	300	5	kullback	kullback	NOUN
framr-1721	300	6	-	-	PUNCT
framr-1721	300	7	leibler	leibler	NOUN
framr-1721	300	8	divergence	divergence	NOUN
framr-1721	300	9	relative	relative	ADJ
framr-1721	300	10	weight	weight	NOUN
framr-1721	300	11	pearson	pearson	PROPN
framr-1721	300	12	correlation	correlation	PROPN
framr-1721	300	13	csc	csc	PROPN
framr-1721	300	14	di	di	PROPN
framr-1721	300	15	0,9159	0,9159	PROPN
framr-1721	300	16	1,0000	1,0000	NUM
framr-1721	300	17	0,1911	0,1911	NOUN
framr-1721	300	18	*	*	VERB
framr-1721	300	19	bind	bind	VERB
framr-1721	300	20	op	op	NOUN
framr-1721	300	21	0,8846	0,8846	NOUN
framr-1721	300	22	0,9659	0,9659	VERB
framr-1721	300	23	0,9724	0,9724	NOUN
framr-1721	300	24	op	op	NOUN
framr-1721	300	25	csc	csc	PROPN
framr-1721	300	26	0,6031	0,6031	NOUN
framr-1721	300	27	0,6585	0,6585	PROPN
framr-1721	300	28	-0,0395	-0,0395	PROPN
framr-1721	300	29	*	*	PUNCT
framr-1721	300	30	*	*	NOUN
framr-1721	300	31	fsize	fsize	NOUN
framr-1721	301	1	dm	dm	X
framr-1721	301	2	0,5750	0,5750	NUM
framr-1721	301	3	0,6278	0,6278	NOUN
framr-1721	301	4	0,5422	0,5422	NOUN
framr-1721	301	5	over	over	ADP
framr-1721	301	6	di	di	NOUN
framr-1721	301	7	0,4591	0,4591	NOUN
framr-1721	301	8	0,5012	0,5012	NOUN
framr-1721	301	9	0,1448	0,1448	PROPN
framr-1721	301	10	*	*	VERB
framr-1721	301	11	la	la	X
framr-1721	301	12	di	di	PROPN
framr-1721	301	13	0,4122	0,4122	PROPN
framr-1721	301	14	0,4500	0,4500	PROPN
framr-1721	301	15	-0,0117	-0,0117	PROPN
framr-1721	301	16	*	*	PUNCT
framr-1721	301	17	*	*	PUNCT
framr-1721	301	18	*	*	PUNCT
framr-1721	301	19	di	di	X
framr-1721	301	20	dm	dm	NOUN
framr-1721	301	21	0,3374	0,3374	PUNCT
framr-1721	301	22	0,3684	0,3684	PROPN
framr-1721	301	23	-0,0694	-0,0694	PROPN
framr-1721	301	24	*	*	PUNCT
framr-1721	301	25	*	*	PUNCT
framr-1721	301	26	la	la	X
framr-1721	301	27	csc	csc	PROPN
framr-1721	301	28	0,3240	0,3240	NOUN
framr-1721	301	29	0,3538	0,3538	ADV
framr-1721	301	30	-0,0612	-0,0612	PROPN
framr-1721	301	31	*	*	PUNCT
framr-1721	301	32	*	*	PUNCT
framr-1721	301	33	csc	csc	PROPN
framr-1721	301	34	dm	dm	PROPN
framr-1721	301	35	0,2999	0,2999	NOUN
framr-1721	301	36	0,3274	0,3274	PROPN
framr-1721	301	37	-0,0636	-0,0636	PROPN
framr-1721	301	38	*	*	PROPN
framr-1721	301	39	*	*	PROPN
framr-1721	301	40	di	di	X
framr-1721	301	41	dv	dv	PROPN
framr-1721	301	42	0,2939	0,2939	PROPN
framr-1721	301	43	0,3209	0,3209	NOUN
framr-1721	302	1	-0,0857	-0,0857	PROPN
framr-1721	302	2	*	*	PUNCT
framr-1721	302	3	op	op	PROPN
framr-1721	302	4	dv	dv	PROPN
framr-1721	302	5	0,2703	0,2703	PROPN
framr-1721	302	6	0,2951	0,2951	PROPN
framr-1721	302	7	0,5527	0,5527	NOUN
framr-1721	302	8	op	op	NOUN
framr-1721	302	9	di	di	PROPN
framr-1721	302	10	0,2484	0,2484	PROPN
framr-1721	302	11	0,2713	0,2713	PROPN
framr-1721	302	12	-0,1453	-0,1453	PROPN
framr-1721	302	13	*	*	PROPN
framr-1721	302	14	over	over	ADP
framr-1721	302	15	csc	csc	PROPN
framr-1721	302	16	0,1946	0,1946	PROPN
framr-1721	302	17	0,2124	0,2124	PROPN
framr-1721	302	18	0,2642	0,2642	PROPN
framr-1721	303	1	la	la	PROPN
framr-1721	303	2	dv	dv	PROPN
framr-1721	303	3	0,1727	0,1727	PROPN
framr-1721	303	4	0,1886	0,1886	PROPN
framr-1721	303	5	-0,0555	-0,0555	PROPN
framr-1721	303	6	*	*	PROPN
framr-1721	303	7	*	*	NOUN
framr-1721	303	8	fsize	fsize	NOUN
framr-1721	303	9	la	la	NOUN
framr-1721	303	10	0,1416	0,1416	NOUN
framr-1721	303	11	0,1546	0,1546	PROPN
framr-1721	303	12	-0,3055	-0,3055	PROPN
framr-1721	303	13	over	over	ADP
framr-1721	303	14	dv	dv	PROPN
framr-1721	303	15	0,1006	0,1006	PROPN
framr-1721	303	16	0,1098	0,1098	PROPN
framr-1721	304	1	-0,1486	-0,1486	PROPN
framr-1721	304	2	dv	dv	PROPN
framr-1721	304	3	dm	dm	NUM
framr-1721	304	4	0,0936	0,0936	NUM
framr-1721	304	5	0,1022	0,1022	NOUN
framr-1721	304	6	0,0956	0,0956	PROPN
framr-1721	304	7	*	*	PUNCT
framr-1721	305	1	pf	pf	PROPN
framr-1721	305	2	la	la	PROPN
framr-1721	305	3	0,0745	0,0745	NOUN
framr-1721	305	4	0,0813	0,0813	PROPN
framr-1721	305	5	-0,1532	-0,1532	PROPN
framr-1721	305	6	*	*	PUNCT
framr-1721	305	7	bind	bind	VERB
framr-1721	305	8	la	la	DET
framr-1721	305	9	0,0708	0,0708	PROPN
framr-1721	305	10	0,0773	0,0773	PROPN
framr-1721	305	11	-0,0117	-0,0117	PROPN
framr-1721	306	1	*	*	PUNCT
framr-1721	306	2	*	*	PUNCT
framr-1721	306	3	*	*	PUNCT
framr-1721	306	4	fsize	fsize	NOUN
framr-1721	306	5	op	op	NOUN
framr-1721	306	6	0,0491	0,0491	PROPN
framr-1721	306	7	0,0536	0,0536	NOUN
framr-1721	306	8	-0,0694	-0,0694	PROPN
framr-1721	306	9	*	*	PUNCT
framr-1721	306	10	*	*	NOUN
framr-1721	306	11	pf	pf	NOUN
framr-1721	306	12	over	over	ADP
framr-1721	306	13	0,0352	0,0352	NUM
framr-1721	306	14	0,0384	0,0384	PROPN
framr-1721	306	15	-0,0612	-0,0612	PROPN
framr-1721	306	16	*	*	PUNCT
framr-1721	306	17	*	*	PUNCT
framr-1721	306	18	fsize	fsize	NOUN
framr-1721	306	19	over	over	ADP
framr-1721	306	20	0,0256	0,0256	NOUN
framr-1721	306	21	0,0280	0,0280	NUM
framr-1721	306	22	-0,0636	-0,0636	PROPN
framr-1721	306	23	*	*	PUNCT
framr-1721	306	24	*	*	NOUN
framr-1721	306	25	pf	pf	PROPN
framr-1721	306	26	op	op	NOUN
framr-1721	306	27	0,0149	0,0149	NOUN
framr-1721	306	28	0,0163	0,0163	PROPN
framr-1721	306	29	-0,0857	-0,0857	PROPN
framr-1721	306	30	*	*	PUNCT
framr-1721	306	31	bind	bind	VERB
framr-1721	306	32	over	over	ADP
framr-1721	306	33	0,0032	0,0032	PROPN
framr-1721	306	34	0,0034	0,0034	PROPN
framr-1721	306	35	0,5527	0,5527	NOUN
framr-1721	306	36	op	op	NOUN
framr-1721	306	37	over	over	ADP
framr-1721	306	38	0,0000	0,0000	NUM
framr-1721	306	39	0,0000	0,0000	NUM
framr-1721	307	1	-0,1453	-0,1453	PROPN
framr-1721	307	2	*	*	PUNCT
framr-1721	307	3	la	la	ADJ
framr-1721	307	4	op	op	NOUN
framr-1721	307	5	0,0000	0,0000	NUM
framr-1721	307	6	0,0000	0,0000	NUM
framr-1721	307	7	0,2642	0,2642	ADJ
framr-1721	307	8	financial	financial	ADJ
framr-1721	307	9	risk	risk	NOUN
framr-1721	307	10	and	and	CCONJ
framr-1721	307	11	management	management	NOUN
framr-1721	307	12	reviews	review	NOUN
framr-1721	307	13	,	,	PUNCT
framr-1721	307	14	2016	2016	NUM
framr-1721	307	15	,	,	PUNCT
framr-1721	307	16	2(1	2(1	NUM
framr-1721	307	17	):	):	PUNCT
framr-1721	307	18	1	1	NUM
framr-1721	307	19	-	-	SYM
framr-1721	307	20	25	25	NUM
framr-1721	307	21	17	17	NUM
framr-1721	307	22	©	©	PROPN
framr-1721	307	23	2016	2016	NUM
framr-1721	307	24	conscientia	conscientia	PROPN
framr-1721	307	25	beam	beam	PROPN
framr-1721	307	26	.	.	PUNCT
framr-1721	308	1	all	all	DET
framr-1721	308	2	rights	right	NOUN
framr-1721	308	3	reserved	reserve	VERB
framr-1721	308	4	.	.	PUNCT
framr-1721	309	1	table	table	NOUN
framr-1721	309	2	7	7	NUM
framr-1721	309	3	examines	examine	VERB
framr-1721	309	4	the	the	DET
framr-1721	309	5	relationship	relationship	NOUN
framr-1721	309	6	(	(	PUNCT
framr-1721	309	7	strength	strength	NOUN
framr-1721	309	8	and	and	CCONJ
framr-1721	309	9	correlation	correlation	NOUN
framr-1721	309	10	type	type	NOUN
framr-1721	309	11	)	)	PUNCT
framr-1721	309	12	between	between	ADP
framr-1721	309	13	networks	network	NOUN
framr-1721	309	14	variables	variable	NOUN
framr-1721	309	15	.	.	PUNCT
framr-1721	310	1	the	the	DET
framr-1721	310	2	analysis	analysis	NOUN
framr-1721	310	3	of	of	ADP
framr-1721	310	4	the	the	DET
framr-1721	310	5	relations	relation	NOUN
framr-1721	310	6	shows	show	VERB
framr-1721	310	7	the	the	DET
framr-1721	310	8	presence	presence	NOUN
framr-1721	310	9	of	of	ADP
framr-1721	310	10	a	a	DET
framr-1721	310	11	strong	strong	ADJ
framr-1721	310	12	relationship	relationship	NOUN
framr-1721	310	13	(	(	PUNCT
framr-1721	310	14	kullbackleibler=0	kullbackleibler=0	PROPN
framr-1721	310	15	,	,	PUNCT
framr-1721	310	16	9159/	9159/	NUM
framr-1721	310	17	relative	relative	ADJ
framr-1721	310	18	weight	weight	NOUN
framr-1721	310	19	=	=	NOUN
framr-1721	310	20	1	1	NUM
framr-1721	310	21	)	)	PUNCT
framr-1721	310	22	and	and	CCONJ
framr-1721	310	23	positive	positive	ADJ
framr-1721	310	24	(	(	PUNCT
framr-1721	310	25	β	β	X
framr-1721	310	26	=	=	SYM
framr-1721	310	27	0	0	NUM
framr-1721	310	28	,	,	PUNCT
framr-1721	310	29	1911	1911	NUM
framr-1721	310	30	)	)	PUNCT
framr-1721	310	31	between	between	ADP
framr-1721	310	32	capital	capital	NOUN
framr-1721	310	33	structure	structure	NOUN
framr-1721	310	34	choice	choice	NOUN
framr-1721	310	35	and	and	CCONJ
framr-1721	310	36	firm	firm	ADJ
framr-1721	310	37	investment	investment	NOUN
framr-1721	310	38	decision	decision	NOUN
framr-1721	310	39	.	.	PUNCT
framr-1721	311	1	this	this	PRON
framr-1721	311	2	confirms	confirm	VERB
framr-1721	311	3	the	the	DET
framr-1721	311	4	predictions	prediction	NOUN
framr-1721	311	5	of	of	ADP
framr-1721	311	6	organizational	organizational	ADJ
framr-1721	311	7	financial	financial	ADJ
framr-1721	311	8	theory	theory	NOUN
framr-1721	311	9	independence	independence	NOUN
framr-1721	311	10	between	between	ADP
framr-1721	311	11	the	the	DET
framr-1721	311	12	two	two	NUM
framr-1721	311	13	decisions	decision	NOUN
framr-1721	311	14	.	.	PUNCT
framr-1721	312	1	the	the	DET
framr-1721	312	2	results	result	NOUN
framr-1721	312	3	also	also	ADV
framr-1721	312	4	show	show	VERB
framr-1721	312	5	the	the	DET
framr-1721	312	6	presence	presence	NOUN
framr-1721	312	7	of	of	ADP
framr-1721	312	8	a	a	DET
framr-1721	312	9	strong	strong	ADJ
framr-1721	312	10	and	and	CCONJ
framr-1721	312	11	nonsignificant	nonsignificant	ADJ
framr-1721	312	12	relationship	relationship	NOUN
framr-1721	312	13	between	between	ADP
framr-1721	312	14	board	board	NOUN
framr-1721	312	15	of	of	ADP
framr-1721	312	16	director	director	NOUN
framr-1721	312	17	’s	’s	PART
framr-1721	312	18	independence	independence	NOUN
framr-1721	312	19	and	and	CCONJ
framr-1721	312	20	investment	investment	NOUN
framr-1721	312	21	decision	decision	NOUN
framr-1721	312	22	(	(	PUNCT
framr-1721	312	23	kullback	kullback	NOUN
framr-1721	312	24	-	-	PUNCT
framr-1721	312	25	leibler=0	leibler=0	PROPN
framr-1721	312	26	,	,	PUNCT
framr-1721	312	27	8846	8846	NUM
framr-1721	312	28	/	/	SYM
framr-1721	312	29	relative	relative	ADJ
framr-1721	312	30	weight	weight	NOUN
framr-1721	312	31	=	=	SYM
framr-1721	312	32	0	0	NUM
framr-1721	312	33	,	,	PUNCT
framr-1721	312	34	9659	9659	NUM
framr-1721	312	35	/	/	SYM
framr-1721	312	36	β=0	β=0	NUM
framr-1721	312	37	,	,	PUNCT
framr-1721	312	38	9724	9724	NUM
framr-1721	312	39	)	)	PUNCT
framr-1721	312	40	.	.	PUNCT
framr-1721	313	1	in	in	ADP
framr-1721	313	2	addition	addition	NOUN
framr-1721	313	3	,	,	PUNCT
framr-1721	313	4	the	the	DET
framr-1721	313	5	firm	firm	ADJ
framr-1721	313	6	capital	capital	NOUN
framr-1721	313	7	structure	structure	NOUN
framr-1721	313	8	choice	choice	NOUN
framr-1721	313	9	is	be	AUX
framr-1721	313	10	negatively	negatively	ADV
framr-1721	313	11	correlated	correlate	VERB
framr-1721	313	12	with	with	ADP
framr-1721	313	13	his	his	PRON
framr-1721	313	14	level	level	NOUN
framr-1721	313	15	of	of	ADP
framr-1721	313	16	optimism	optimism	NOUN
framr-1721	313	17	(	(	PUNCT
framr-1721	313	18	β=-0	β=-0	PROPN
framr-1721	313	19	,	,	PUNCT
framr-1721	313	20	0395	0395	NUM
framr-1721	313	21	)	)	PUNCT
framr-1721	313	22	and	and	CCONJ
framr-1721	313	23	loss	loss	NOUN
framr-1721	313	24	aversion	aversion	NOUN
framr-1721	313	25	(	(	PUNCT
framr-1721	313	26	β=-0	β=-0	PROPN
framr-1721	313	27	,	,	PUNCT
framr-1721	313	28	0612	0612	NUM
framr-1721	313	29	)	)	PUNCT
framr-1721	313	30	,	,	PUNCT
framr-1721	313	31	positively	positively	ADV
framr-1721	313	32	correlated	correlate	VERB
framr-1721	313	33	with	with	ADP
framr-1721	313	34	ceo	ceo	NOUN
framr-1721	313	35	overconfidence	overconfidence	NOUN
framr-1721	313	36	rate	rate	NOUN
framr-1721	313	37	(	(	PUNCT
framr-1721	313	38	β=	β=	NOUN
framr-1721	313	39	0	0	NUM
framr-1721	313	40	,	,	PUNCT
framr-1721	313	41	2642	2642	NUM
framr-1721	313	42	)	)	PUNCT
framr-1721	313	43	.	.	PUNCT
framr-1721	314	1	the	the	DET
framr-1721	314	2	investment	investment	NOUN
framr-1721	314	3	decision	decision	NOUN
framr-1721	314	4	is	be	AUX
framr-1721	314	5	positively	positively	ADV
framr-1721	314	6	correlated	correlate	VERB
framr-1721	314	7	with	with	ADP
framr-1721	314	8	the	the	DET
framr-1721	314	9	ceo	ceo	NOUN
framr-1721	314	10	overconfidence	overconfidence	NOUN
framr-1721	314	11	level	level	NOUN
framr-1721	314	12	(	(	PUNCT
framr-1721	314	13	β=0	β=0	NUM
framr-1721	314	14	,	,	PUNCT
framr-1721	314	15	1448	1448	NUM
framr-1721	314	16	)	)	PUNCT
framr-1721	314	17	and	and	CCONJ
framr-1721	314	18	negatively	negatively	ADV
framr-1721	314	19	correlated	correlate	VERB
framr-1721	314	20	with	with	ADP
framr-1721	314	21	the	the	DET
framr-1721	314	22	loss	loss	NOUN
framr-1721	314	23	aversion	aversion	NOUN
framr-1721	314	24	level	level	NOUN
framr-1721	314	25	β=	β=	NOUN
framr-1721	314	26	(	(	PUNCT
framr-1721	314	27	-0	-0	INTJ
framr-1721	314	28	,	,	PUNCT
framr-1721	314	29	0117	0117	NUM
framr-1721	314	30	)	)	PUNCT
framr-1721	314	31	and	and	CCONJ
framr-1721	314	32	optimism	optimism	NOUN
framr-1721	314	33	(	(	PUNCT
framr-1721	314	34	β=-0	β=-0	PROPN
framr-1721	314	35	,	,	PUNCT
framr-1721	314	36	1453	1453	NUM
framr-1721	314	37	)	)	PUNCT
framr-1721	314	38	.	.	PUNCT
framr-1721	315	1	behavioral	behavioral	ADJ
framr-1721	315	2	investment	investment	NOUN
framr-1721	315	3	level	level	NOUN
framr-1721	315	4	analysis	analysis	NOUN
framr-1721	315	5	has	have	AUX
framr-1721	315	6	enriched	enrich	VERB
framr-1721	315	7	the	the	DET
framr-1721	315	8	predictions	prediction	NOUN
framr-1721	315	9	of	of	ADP
framr-1721	315	10	theories	theory	NOUN
framr-1721	315	11	based	base	VERB
framr-1721	315	12	on	on	ADP
framr-1721	315	13	asymmetric	asymmetric	ADJ
framr-1721	315	14	information	information	NOUN
framr-1721	315	15	(	(	PUNCT
framr-1721	315	16	signals	signal	VERB
framr-1721	315	17	theory	theory	NOUN
framr-1721	315	18	and	and	CCONJ
framr-1721	315	19	rooting	root	VERB
framr-1721	315	20	theory	theory	NOUN
framr-1721	315	21	)	)	PUNCT
framr-1721	315	22	and	and	CCONJ
framr-1721	315	23	agency	agency	NOUN
framr-1721	315	24	theory	theory	NOUN
framr-1721	315	25	in	in	ADP
framr-1721	315	26	choice	choice	NOUN
framr-1721	315	27	of	of	ADP
framr-1721	315	28	underinvestment	underinvestment	ADJ
framr-1721	315	29	or	or	CCONJ
framr-1721	315	30	overinvestment	overinvestment	ADJ
framr-1721	315	31	.	.	PUNCT
framr-1721	316	1	finally	finally	ADV
framr-1721	316	2	,	,	PUNCT
framr-1721	316	3	firm	firm	ADJ
framr-1721	316	4	dividend	dividend	NOUN
framr-1721	316	5	policy	policy	NOUN
framr-1721	316	6	is	be	AUX
framr-1721	316	7	positively	positively	ADV
framr-1721	316	8	correlated	correlate	VERB
framr-1721	316	9	with	with	ADP
framr-1721	316	10	ceo	ceo	NOUN
framr-1721	316	11	optimism	optimism	NOUN
framr-1721	316	12	level	level	NOUN
framr-1721	316	13	(	(	PUNCT
framr-1721	316	14	β=0	β=0	X
framr-1721	316	15	,	,	PUNCT
framr-1721	316	16	5527	5527	NUM
framr-1721	316	17	)	)	PUNCT
framr-1721	316	18	and	and	CCONJ
framr-1721	316	19	negatively	negatively	ADV
framr-1721	316	20	correlated	correlate	VERB
framr-1721	316	21	with	with	ADP
framr-1721	316	22	the	the	DET
framr-1721	316	23	loss	loss	NOUN
framr-1721	316	24	aversion	aversion	NOUN
framr-1721	316	25	level	level	NOUN
framr-1721	316	26	(	(	PUNCT
framr-1721	316	27	β=	β=	NOUN
framr-1721	316	28	-0	-0	INTJ
framr-1721	316	29	,	,	PUNCT
framr-1721	316	30	0555	0555	NUM
framr-1721	316	31	)	)	PUNCT
framr-1721	316	32	and	and	CCONJ
framr-1721	316	33	overconfidence	overconfidence	NOUN
framr-1721	316	34	(	(	PUNCT
framr-1721	316	35	β=-0	β=-0	PROPN
framr-1721	316	36	,	,	PUNCT
framr-1721	316	37	1486	1486	NUM
framr-1721	316	38	)	)	PUNCT
framr-1721	316	39	.	.	PUNCT
framr-1721	317	1	ceo	ceo	NOUN
framr-1721	317	2	overconfidence	overconfidence	NOUN
framr-1721	317	3	/	/	SYM
framr-1721	317	4	optimistic	optimistic	ADJ
framr-1721	317	5	positively	positively	ADV
framr-1721	317	6	affects	affect	VERB
framr-1721	317	7	firm	firm	ADJ
framr-1721	317	8	dividend	dividend	NOUN
framr-1721	317	9	policy	policy	NOUN
framr-1721	317	10	.	.	PUNCT
framr-1721	318	1	a	a	DET
framr-1721	318	2	confident	confident	ADJ
framr-1721	318	3	leader	leader	NOUN
framr-1721	318	4	agrees	agree	VERB
framr-1721	318	5	on	on	ADP
framr-1721	318	6	the	the	DET
framr-1721	318	7	establishment	establishment	NOUN
framr-1721	318	8	of	of	ADP
framr-1721	318	9	a	a	DET
framr-1721	318	10	generous	generous	ADJ
framr-1721	318	11	dividend	dividend	NOUN
framr-1721	318	12	policy	policy	NOUN
framr-1721	318	13	.	.	PUNCT
framr-1721	319	1	it	it	PRON
framr-1721	319	2	overestimates	overestimate	VERB
framr-1721	319	3	the	the	DET
framr-1721	319	4	future	future	ADJ
framr-1721	319	5	results	result	NOUN
framr-1721	319	6	of	of	ADP
framr-1721	319	7	its	its	PRON
framr-1721	319	8	business	business	NOUN
framr-1721	319	9	and	and	CCONJ
framr-1721	319	10	its	its	PRON
framr-1721	319	11	ability	ability	NOUN
framr-1721	319	12	to	to	PART
framr-1721	319	13	meet	meet	VERB
framr-1721	319	14	its	its	PRON
framr-1721	319	15	commitments	commitment	NOUN
framr-1721	319	16	on	on	ADP
framr-1721	319	17	dividends	dividend	NOUN
framr-1721	319	18	distribution	distribution	NOUN
framr-1721	319	19	network	network	NOUN
framr-1721	319	20	debt	debt	NOUN
framr-1721	319	21	maturity	maturity	NOUN
framr-1721	319	22	analysis	analysis	NOUN
framr-1721	319	23	show	show	VERB
framr-1721	319	24	the	the	DET
framr-1721	319	25	presence	presence	NOUN
framr-1721	319	26	of	of	ADP
framr-1721	319	27	strong	strong	ADJ
framr-1721	319	28	relationship	relationship	NOUN
framr-1721	319	29	(	(	PUNCT
framr-1721	319	30	kullbackleibler	kullbackleibler	NOUN
framr-1721	319	31	0	0	NUM
framr-1721	319	32	,	,	PUNCT
framr-1721	319	33	3374=/relative	3374=/relative	PROPN
framr-1721	319	34	weight=	weight=	NUM
framr-1721	319	35	0	0	NUM
framr-1721	319	36	,	,	PUNCT
framr-1721	319	37	3684	3684	NUM
framr-1721	319	38	)	)	PUNCT
framr-1721	319	39	and	and	CCONJ
framr-1721	319	40	negative	negative	ADJ
framr-1721	319	41	(	(	PUNCT
framr-1721	319	42	β=-0	β=-0	PROPN
framr-1721	319	43	,	,	PUNCT
framr-1721	319	44	0694	0694	NUM
framr-1721	319	45	)	)	PUNCT
framr-1721	319	46	between	between	ADP
framr-1721	319	47	investment	investment	NOUN
framr-1721	319	48	decisions	decision	NOUN
framr-1721	319	49	and	and	CCONJ
framr-1721	319	50	firm	firm	ADJ
framr-1721	319	51	debt	debt	NOUN
framr-1721	319	52	maturity	maturity	NOUN
framr-1721	319	53	choice	choice	NOUN
framr-1721	319	54	.	.	PUNCT
framr-1721	320	1	also	also	ADV
framr-1721	320	2	,	,	PUNCT
framr-1721	320	3	there	there	PRON
framr-1721	320	4	is	be	VERB
framr-1721	320	5	a	a	DET
framr-1721	320	6	strong	strong	ADJ
framr-1721	320	7	relationship	relationship	NOUN
framr-1721	320	8	(	(	PUNCT
framr-1721	320	9	kullbackleibler=0	kullbackleibler=0	PROPN
framr-1721	320	10	,	,	PUNCT
framr-1721	320	11	0936/0	0936/0	NUM
framr-1721	320	12	,	,	PUNCT
framr-1721	320	13	1022	1022	NUM
framr-1721	320	14	=	=	ADJ
framr-1721	320	15	relative	relative	ADJ
framr-1721	320	16	weight	weight	NOUN
framr-1721	320	17	)	)	PUNCT
framr-1721	320	18	and	and	CCONJ
framr-1721	320	19	positive	positive	ADJ
framr-1721	320	20	(	(	PUNCT
framr-1721	320	21	β=0	β=0	NUM
framr-1721	320	22	,	,	PUNCT
framr-1721	320	23	0956	0956	NUM
framr-1721	320	24	)	)	PUNCT
framr-1721	320	25	between	between	ADP
framr-1721	320	26	firm	firm	ADJ
framr-1721	320	27	debt	debt	NOUN
framr-1721	320	28	maturity	maturity	NOUN
framr-1721	320	29	and	and	CCONJ
framr-1721	320	30	dividend	dividend	NOUN
framr-1721	320	31	payments	payment	NOUN
framr-1721	320	32	.	.	PUNCT
framr-1721	321	1	this	this	PRON
framr-1721	321	2	confirms	confirm	VERB
framr-1721	321	3	the	the	DET
framr-1721	321	4	predictions	prediction	NOUN
framr-1721	321	5	of	of	ADP
framr-1721	321	6	financial	financial	ADJ
framr-1721	321	7	theory	theory	NOUN
framr-1721	321	8	for	for	ADP
framr-1721	321	9	organizational	organizational	ADJ
framr-1721	321	10	independence	independence	NOUN
framr-1721	321	11	between	between	ADP
framr-1721	321	12	financing	financing	NOUN
framr-1721	321	13	decisions	decision	NOUN
framr-1721	321	14	(	(	PUNCT
framr-1721	321	15	dividend	dividend	NOUN
framr-1721	321	16	payment	payment	NOUN
framr-1721	321	17	and	and	CCONJ
framr-1721	321	18	choice	choice	NOUN
framr-1721	321	19	of	of	ADP
framr-1721	321	20	financing	financing	NOUN
framr-1721	321	21	method	method	NOUN
framr-1721	321	22	)	)	PUNCT
framr-1721	321	23	and	and	CCONJ
framr-1721	321	24	investment	investment	NOUN
framr-1721	321	25	.	.	PUNCT
framr-1721	322	1	thus	thus	ADV
framr-1721	322	2	,	,	PUNCT
framr-1721	322	3	overconfidence	overconfidence	NOUN
framr-1721	322	4	leads	lead	VERB
framr-1721	322	5	the	the	DET
framr-1721	322	6	manager	manager	NOUN
framr-1721	322	7	to	to	PART
framr-1721	322	8	underestimate	underestimate	VERB
framr-1721	322	9	the	the	DET
framr-1721	322	10	company	company	NOUN
framr-1721	322	11	bankruptcy	bankruptcy	NOUN
framr-1721	322	12	probability	probability	NOUN
framr-1721	322	13	and	and	CCONJ
framr-1721	322	14	,	,	PUNCT
framr-1721	322	15	therefore	therefore	ADV
framr-1721	322	16	,	,	PUNCT
framr-1721	322	17	a	a	DET
framr-1721	322	18	higher	high	ADJ
framr-1721	322	19	debt	debt	NOUN
framr-1721	322	20	.	.	PUNCT
framr-1721	323	1	this	this	DET
framr-1721	323	2	financial	financial	ADJ
framr-1721	323	3	decision	decision	NOUN
framr-1721	323	4	(	(	PUNCT
framr-1721	323	5	external	external	ADJ
framr-1721	323	6	preference	preference	NOUN
framr-1721	323	7	method	method	NOUN
framr-1721	323	8	)	)	PUNCT
framr-1721	323	9	impulses	impulse	NOUN
framr-1721	323	10	leader	leader	NOUN
framr-1721	323	11	to	to	PART
framr-1721	323	12	follow	follow	VERB
framr-1721	323	13	a	a	DET
framr-1721	323	14	generous	generous	ADJ
framr-1721	323	15	policy	policy	NOUN
framr-1721	323	16	dividends	dividend	NOUN
framr-1721	323	17	distributing	distribute	VERB
framr-1721	323	18	to	to	PART
framr-1721	323	19	offset	offset	VERB
framr-1721	323	20	the	the	DET
framr-1721	323	21	losses	loss	NOUN
framr-1721	323	22	associated	associate	VERB
framr-1721	323	23	with	with	ADP
framr-1721	323	24	its	its	PRON
framr-1721	323	25	choice	choice	NOUN
framr-1721	323	26	.	.	PUNCT
framr-1721	324	1	the	the	DET
framr-1721	324	2	relationship	relationship	NOUN
framr-1721	324	3	analysis	analysis	NOUN
framr-1721	324	4	find	find	VERB
framr-1721	324	5	absence	absence	NOUN
framr-1721	324	6	of	of	ADP
framr-1721	324	7	relation	relation	NOUN
framr-1721	324	8	between	between	ADP
framr-1721	324	9	debt	debt	NOUN
framr-1721	324	10	maturity	maturity	NOUN
framr-1721	324	11	choice	choice	NOUN
framr-1721	324	12	and	and	CCONJ
framr-1721	324	13	managerial	managerial	ADJ
framr-1721	324	14	biases	bias	NOUN
framr-1721	324	15	(	(	PUNCT
framr-1721	324	16	optimism	optimism	NOUN
framr-1721	324	17	,	,	PUNCT
framr-1721	324	18	overconfidence	overconfidence	NOUN
framr-1721	324	19	and	and	CCONJ
framr-1721	324	20	loss	loss	NOUN
framr-1721	324	21	aversion	aversion	NOUN
framr-1721	324	22	)	)	PUNCT
framr-1721	324	23	.	.	PUNCT
framr-1721	325	1	this	this	DET
framr-1721	325	2	result	result	NOUN
framr-1721	325	3	is	be	AUX
framr-1721	325	4	explained	explain	VERB
framr-1721	325	5	by	by	ADP
framr-1721	325	6	the	the	DET
framr-1721	325	7	effect	effect	NOUN
framr-1721	325	8	of	of	ADP
framr-1721	325	9	board	board	NOUN
framr-1721	325	10	independency	independency	NOUN
framr-1721	325	11	to	to	ADP
framr-1721	325	12	moderate	moderate	ADJ
framr-1721	325	13	ceo	ceo	NOUN
framr-1721	325	14	emotional	emotional	ADJ
framr-1721	325	15	bias	bias	NOUN
framr-1721	325	16	presence	presence	NOUN
framr-1721	325	17	:	:	PUNCT
framr-1721	325	18	result	result	NOUN
framr-1721	325	19	finds	find	VERB
framr-1721	325	20	presence	presence	NOUN
framr-1721	325	21	of	of	ADP
framr-1721	325	22	negative	negative	ADJ
framr-1721	325	23	correlation	correlation	NOUN
framr-1721	325	24	between	between	ADP
framr-1721	325	25	firm	firm	ADJ
framr-1721	325	26	board	board	PROPN
framr-1721	325	27	of	of	ADP
framr-1721	325	28	director	director	NOUN
framr-1721	325	29	’s	’s	PART
framr-1721	325	30	independence	independence	NOUN
framr-1721	325	31	and	and	CCONJ
framr-1721	325	32	ceo	ceo	NOUN
framr-1721	325	33	loss	loss	NOUN
framr-1721	325	34	aversion	aversion	NOUN
framr-1721	325	35	(	(	PUNCT
framr-1721	325	36	β=	β=	NOUN
framr-1721	325	37	-0	-0	INTJ
framr-1721	325	38	,	,	PUNCT
framr-1721	325	39	0117	0117	NUM
framr-1721	325	40	)	)	PUNCT
framr-1721	325	41	.	.	PUNCT
framr-1721	326	1	this	this	PRON
framr-1721	326	2	confirmed	confirm	VERB
framr-1721	326	3	contractual	contractual	ADJ
framr-1721	326	4	governance	governance	NOUN
framr-1721	326	5	theory	theory	NOUN
framr-1721	326	6	prediction	prediction	NOUN
framr-1721	326	7	:	:	PUNCT
framr-1721	326	8	the	the	DET
framr-1721	326	9	presence	presence	NOUN
framr-1721	326	10	of	of	ADP
framr-1721	326	11	external	external	ADJ
framr-1721	326	12	improves	improve	VERB
framr-1721	326	13	control	control	NOUN
framr-1721	326	14	exercised	exercise	VERB
framr-1721	326	15	by	by	ADP
framr-1721	326	16	the	the	DET
framr-1721	326	17	board	board	NOUN
framr-1721	326	18	and	and	CCONJ
framr-1721	326	19	the	the	DET
framr-1721	326	20	executive	executive	NOUN
framr-1721	326	21	disciplined	discipline	VERB
framr-1721	326	22	.	.	PUNCT
framr-1721	327	1	thus	thus	ADV
framr-1721	327	2	,	,	PUNCT
framr-1721	327	3	ceo	ceo	NOUN
framr-1721	327	4	overconfidence	overconfidence	NOUN
framr-1721	327	5	overestimates	overestimate	VERB
framr-1721	327	6	his	his	PRON
framr-1721	327	7	skills	skill	NOUN
framr-1721	327	8	to	to	PART
framr-1721	327	9	reduce	reduce	VERB
framr-1721	327	10	risk	risk	NOUN
framr-1721	327	11	.	.	PUNCT
framr-1721	328	1	this	this	PRON
framr-1721	328	2	led	lead	VERB
framr-1721	328	3	him	he	PRON
framr-1721	328	4	to	to	PART
framr-1721	328	5	choose	choose	VERB
framr-1721	328	6	high	high	ADJ
framr-1721	328	7	projects	project	NOUN
framr-1721	328	8	risk	risk	NOUN
framr-1721	328	9	which	which	PRON
framr-1721	328	10	is	be	AUX
framr-1721	328	11	in	in	ADP
framr-1721	328	12	the	the	DET
framr-1721	328	13	interest	interest	NOUN
framr-1721	328	14	of	of	ADP
framr-1721	328	15	shareholders	shareholder	NOUN
framr-1721	328	16	and	and	CCONJ
framr-1721	328	17	increases	increase	VERB
framr-1721	328	18	firm	firm	ADJ
framr-1721	328	19	’s	’s	PART
framr-1721	328	20	value	value	NOUN
framr-1721	328	21	.	.	PUNCT
framr-1721	329	1	to	to	PART
framr-1721	329	2	finance	finance	VERB
framr-1721	329	3	its	its	PRON
framr-1721	329	4	investment	investment	NOUN
framr-1721	329	5	choices	choice	NOUN
framr-1721	329	6	,	,	PUNCT
framr-1721	329	7	this	this	DET
framr-1721	329	8	financial	financial	ADJ
framr-1721	329	9	risk	risk	NOUN
framr-1721	329	10	and	and	CCONJ
framr-1721	329	11	management	management	NOUN
framr-1721	329	12	reviews	review	NOUN
framr-1721	329	13	,	,	PUNCT
framr-1721	329	14	2016	2016	NUM
framr-1721	329	15	,	,	PUNCT
framr-1721	329	16	2(1	2(1	NUM
framr-1721	329	17	):	):	PUNCT
framr-1721	329	18	1	1	NUM
framr-1721	329	19	-	-	SYM
framr-1721	329	20	25	25	NUM
framr-1721	329	21	18	18	NUM
framr-1721	329	22	©	©	PROPN
framr-1721	329	23	2016	2016	NUM
framr-1721	329	24	conscientia	conscientia	PROPN
framr-1721	329	25	beam	beam	PROPN
framr-1721	329	26	.	.	PUNCT
framr-1721	330	1	all	all	DET
framr-1721	330	2	rights	right	NOUN
framr-1721	330	3	reserved	reserve	VERB
framr-1721	330	4	.	.	PUNCT
framr-1721	331	1	overconfidence	overconfidence	NOUN
framr-1721	331	2	leader	leader	NOUN
framr-1721	331	3	considers	consider	VERB
framr-1721	331	4	his	his	PRON
framr-1721	331	5	company	company	NOUN
framr-1721	331	6	undervalued	undervalue	VERB
framr-1721	331	7	by	by	ADP
framr-1721	331	8	the	the	DET
framr-1721	331	9	market	market	NOUN
framr-1721	331	10	limit	limit	VERB
framr-1721	331	11	its	its	PRON
framr-1721	331	12	emissions	emission	NOUN
framr-1721	331	13	securities	security	NOUN
framr-1721	331	14	risky	risky	ADJ
framr-1721	331	15	.	.	PUNCT
framr-1721	332	1	firm	firm	ADJ
framr-1721	332	2	capital	capital	NOUN
framr-1721	332	3	structure	structure	NOUN
framr-1721	332	4	nature	nature	NOUN
framr-1721	332	5	affect	affect	VERB
framr-1721	332	6	negatively	negatively	ADV
framr-1721	332	7	debt	debt	NOUN
framr-1721	332	8	maturity	maturity	NOUN
framr-1721	332	9	choice	choice	NOUN
framr-1721	332	10	(	(	PUNCT
framr-1721	332	11	kullbackleibler	kullbackleibler	NOUN
framr-1721	332	12	0	0	NUM
framr-1721	332	13	,	,	PUNCT
framr-1721	332	14	3374=/relative	3374=/relative	PROPN
framr-1721	332	15	weight=	weight=	NUM
framr-1721	332	16	0	0	NUM
framr-1721	332	17	,	,	PUNCT
framr-1721	332	18	3684/	3684/	NUM
framr-1721	332	19	β=	β=	NOUN
framr-1721	332	20	-0	-0	ADP
framr-1721	332	21	,	,	PUNCT
framr-1721	332	22	0636	0636	NUM
framr-1721	332	23	)	)	PUNCT
framr-1721	332	24	.	.	PUNCT
framr-1721	333	1	this	this	DET
framr-1721	333	2	result	result	NOUN
framr-1721	333	3	confirmed	confirm	VERB
framr-1721	333	4	organizational	organizational	ADJ
framr-1721	333	5	financial	financial	ADJ
framr-1721	333	6	theory	theory	NOUN
framr-1721	333	7	and	and	CCONJ
framr-1721	333	8	shows	show	VERB
framr-1721	333	9	that	that	SCONJ
framr-1721	333	10	the	the	DET
framr-1721	333	11	ceo	ceo	NOUN
framr-1721	333	12	debt	debt	NOUN
framr-1721	333	13	nature	nature	NOUN
framr-1721	333	14	choice	choice	NOUN
framr-1721	333	15	is	be	AUX
framr-1721	333	16	related	relate	VERB
framr-1721	333	17	to	to	ADP
framr-1721	333	18	the	the	DET
framr-1721	333	19	company	company	NOUN
framr-1721	333	20	's	's	PART
framr-1721	333	21	ability	ability	NOUN
framr-1721	333	22	to	to	PART
framr-1721	333	23	generate	generate	VERB
framr-1721	333	24	internally	internally	ADV
framr-1721	333	25	cash	cash	NOUN
framr-1721	333	26	flows	flow	NOUN
framr-1721	333	27	.	.	PUNCT
framr-1721	334	1	ceo	ceo	NOUN
framr-1721	334	2	recognizes	recognize	VERB
framr-1721	334	3	firms	firm	NOUN
framr-1721	334	4	’	’	PART
framr-1721	334	5	operational	operational	ADJ
framr-1721	334	6	risk	risk	NOUN
framr-1721	334	7	level	level	NOUN
framr-1721	334	8	and	and	CCONJ
framr-1721	334	9	loss	loss	NOUN
framr-1721	334	10	aversion	aversion	NOUN
framr-1721	334	11	seeks	seek	VERB
framr-1721	334	12	to	to	PART
framr-1721	334	13	reduce	reduce	VERB
framr-1721	334	14	its	its	PRON
framr-1721	334	15	firm	firm	NOUN
framr-1721	334	16	’s	’s	PART
framr-1721	334	17	total	total	ADJ
framr-1721	334	18	risk	risk	NOUN
framr-1721	334	19	by	by	ADP
framr-1721	334	20	using	use	VERB
framr-1721	334	21	low	low	ADJ
framr-1721	334	22	of	of	ADP
framr-1721	334	23	external	external	ADJ
framr-1721	334	24	funding	funding	NOUN
framr-1721	334	25	including	include	VERB
framr-1721	334	26	debt	debt	NOUN
framr-1721	334	27	.	.	PUNCT
framr-1721	335	1	ceo	ceo	NOUN
framr-1721	335	2	of	of	ADP
framr-1721	335	3	high	high	ADJ
framr-1721	335	4	operational	operational	ADJ
framr-1721	335	5	firms	firm	NOUN
framr-1721	335	6	risk	risk	VERB
framr-1721	335	7	tries	try	VERB
framr-1721	335	8	to	to	PART
framr-1721	335	9	control	control	VERB
framr-1721	335	10	the	the	DET
framr-1721	335	11	total	total	ADJ
framr-1721	335	12	risk	risk	NOUN
framr-1721	335	13	by	by	ADP
framr-1721	335	14	limiting	limit	VERB
framr-1721	335	15	the	the	DET
framr-1721	335	16	financial	financial	ADJ
framr-1721	335	17	risk	risk	NOUN
framr-1721	335	18	introduced	introduce	VERB
framr-1721	335	19	by	by	ADP
framr-1721	335	20	debt	debt	NOUN
framr-1721	335	21	and	and	CCONJ
framr-1721	335	22	the	the	DET
framr-1721	335	23	issuance	issuance	NOUN
framr-1721	335	24	of	of	ADP
framr-1721	335	25	new	new	ADJ
framr-1721	335	26	shares	share	NOUN
framr-1721	335	27	.	.	PUNCT
framr-1721	336	1	he	he	PRON
framr-1721	336	2	prefers	prefer	VERB
framr-1721	336	3	to	to	PART
framr-1721	336	4	finance	finance	VERB
framr-1721	336	5	its	its	PRON
framr-1721	336	6	investment	investment	NOUN
framr-1721	336	7	projects	project	NOUN
framr-1721	336	8	through	through	ADP
framr-1721	336	9	internal	internal	ADJ
framr-1721	336	10	funds	fund	NOUN
framr-1721	336	11	.	.	PUNCT
framr-1721	337	1	the	the	DET
framr-1721	337	2	relation	relation	NOUN
framr-1721	337	3	analysis	analysis	NOUN
framr-1721	337	4	test	test	NOUN
framr-1721	337	5	shows	show	VERB
framr-1721	337	6	that	that	SCONJ
framr-1721	337	7	firm	firm	ADJ
framr-1721	337	8	size	size	NOUN
framr-1721	337	9	affects	affect	VERB
framr-1721	337	10	their	their	PRON
framr-1721	337	11	debt	debt	NOUN
framr-1721	337	12	maturity	maturity	NOUN
framr-1721	337	13	choice	choice	NOUN
framr-1721	337	14	(	(	PUNCT
framr-1721	337	15	kullback	kullback	NOUN
framr-1721	337	16	leibler	leibler	NOUN
framr-1721	337	17	0	0	PROPN
framr-1721	337	18	,	,	PUNCT
framr-1721	337	19	5750=/relative	5750=/relative	PROPN
framr-1721	337	20	weight=	weight=	NUM
framr-1721	337	21	0	0	NUM
framr-1721	337	22	,	,	PUNCT
framr-1721	337	23	6278/	6278/	NUM
framr-1721	337	24	β=	β=	NOUN
framr-1721	337	25	0	0	NUM
framr-1721	337	26	,	,	PUNCT
framr-1721	337	27	5422	5422	NUM
framr-1721	337	28	)	)	PUNCT
framr-1721	337	29	.	.	PUNCT
framr-1721	338	1	in	in	ADP
framr-1721	338	2	addition	addition	NOUN
framr-1721	338	3	,	,	PUNCT
framr-1721	338	4	firm	firm	ADJ
framr-1721	338	5	size	size	NOUN
framr-1721	338	6	is	be	AUX
framr-1721	338	7	negatively	negatively	ADV
framr-1721	338	8	correlated	correlate	VERB
framr-1721	338	9	with	with	ADP
framr-1721	338	10	ceo	ceo	NOUN
framr-1721	338	11	optimism	optimism	NOUN
framr-1721	338	12	level	level	NOUN
framr-1721	338	13	(	(	PUNCT
framr-1721	338	14	β=	β=	NOUN
framr-1721	338	15	-0	-0	INTJ
framr-1721	338	16	,	,	PUNCT
framr-1721	338	17	0694	0694	NUM
framr-1721	338	18	)	)	PUNCT
framr-1721	338	19	,	,	PUNCT
framr-1721	338	20	loss	loss	NOUN
framr-1721	338	21	aversion	aversion	NOUN
framr-1721	338	22	rate	rate	NOUN
framr-1721	338	23	(	(	PUNCT
framr-1721	338	24	β=	β=	NOUN
framr-1721	338	25	-0	-0	INTJ
framr-1721	338	26	,	,	PUNCT
framr-1721	338	27	0555	0555	NUM
framr-1721	338	28	)	)	PUNCT
framr-1721	338	29	and	and	CCONJ
framr-1721	338	30	overconfidence	overconfidence	NOUN
framr-1721	338	31	(	(	PUNCT
framr-1721	338	32	β=	β=	NOUN
framr-1721	338	33	-0	-0	INTJ
framr-1721	338	34	,	,	PUNCT
framr-1721	338	35	0636	0636	NUM
framr-1721	338	36	)	)	PUNCT
framr-1721	338	37	.	.	PUNCT
framr-1721	339	1	finally	finally	ADV
framr-1721	339	2	,	,	PUNCT
framr-1721	339	3	the	the	DET
framr-1721	339	4	results	result	NOUN
framr-1721	339	5	also	also	ADV
framr-1721	339	6	show	show	VERB
framr-1721	339	7	the	the	DET
framr-1721	339	8	presence	presence	NOUN
framr-1721	339	9	of	of	ADP
framr-1721	339	10	a	a	DET
framr-1721	339	11	negative	negative	ADJ
framr-1721	339	12	correlation	correlation	NOUN
framr-1721	339	13	between	between	ADP
framr-1721	339	14	managerial	managerial	ADJ
framr-1721	339	15	overconfidence	overconfidence	NOUN
framr-1721	339	16	and	and	CCONJ
framr-1721	339	17	his	his	PRON
framr-1721	339	18	optimism	optimism	NOUN
framr-1721	339	19	level	level	NOUN
framr-1721	339	20	(	(	PUNCT
framr-1721	339	21	β=-0	β=-0	PROPN
framr-1721	339	22	,	,	PUNCT
framr-1721	339	23	1453	1453	NUM
framr-1721	339	24	)	)	PUNCT
framr-1721	339	25	.	.	PUNCT
framr-1721	340	1	4.2	4.2	NUM
framr-1721	340	2	.	.	PUNCT
framr-1721	341	1	target	target	VERB
framr-1721	341	2	variable	variable	ADJ
framr-1721	341	3	analysis	analysis	NOUN
framr-1721	341	4	:	:	PUNCT
framr-1721	341	5	debt	debt	NOUN
framr-1721	341	6	maturity	maturity	NOUN
framr-1721	341	7	(	(	PUNCT
framr-1721	341	8	dm	dm	NOUN
framr-1721	341	9	)	)	PUNCT
framr-1721	341	10	to	to	PART
framr-1721	341	11	analyze	analyze	VERB
framr-1721	341	12	the	the	DET
framr-1721	341	13	ceo	ceo	NOUN
framr-1721	341	14	assets	asset	NOUN
framr-1721	341	15	specificity	specificity	NOUN
framr-1721	341	16	choice	choice	NOUN
framr-1721	341	17	,	,	PUNCT
framr-1721	341	18	we	we	PRON
framr-1721	341	19	must	must	AUX
framr-1721	341	20	choose	choose	VERB
framr-1721	341	21	the	the	DET
framr-1721	341	22	variable	variable	ADJ
framr-1721	341	23	debt	debt	NOUN
framr-1721	341	24	maturity	maturity	NOUN
framr-1721	341	25	as	as	ADP
framr-1721	341	26	a	a	DET
framr-1721	341	27	target	target	NOUN
framr-1721	341	28	variable	variable	NOUN
framr-1721	341	29	in	in	ADP
framr-1721	341	30	the	the	DET
framr-1721	341	31	bayesian	bayesian	NOUN
framr-1721	341	32	network	network	NOUN
framr-1721	341	33	.	.	PUNCT
framr-1721	342	1	then	then	ADV
framr-1721	342	2	we	we	PRON
framr-1721	342	3	can	can	AUX
framr-1721	342	4	use	use	VERB
framr-1721	342	5	the	the	DET
framr-1721	342	6	function	function	NOUN
framr-1721	342	7	that	that	PRON
framr-1721	342	8	generates	generate	VERB
framr-1721	342	9	the	the	DET
framr-1721	342	10	analysis	analysis	NOUN
framr-1721	342	11	report	report	NOUN
framr-1721	342	12	of	of	ADP
framr-1721	342	13	the	the	DET
framr-1721	342	14	target	target	NOUN
framr-1721	342	15	firm	firm	ADJ
framr-1721	342	16	debt	debt	NOUN
framr-1721	342	17	maturity	maturity	NOUN
framr-1721	342	18	level	level	NOUN
framr-1721	342	19	.	.	PUNCT
framr-1721	343	1	in	in	ADP
framr-1721	343	2	this	this	DET
framr-1721	343	3	report	report	NOUN
framr-1721	343	4	,	,	PUNCT
framr-1721	343	5	the	the	DET
framr-1721	343	6	relationship	relationship	NOUN
framr-1721	343	7	between	between	ADP
framr-1721	343	8	debt	debt	NOUN
framr-1721	343	9	maturity	maturity	NOUN
framr-1721	343	10	level	level	NOUN
framr-1721	343	11	and	and	CCONJ
framr-1721	343	12	the	the	DET
framr-1721	343	13	other	other	ADJ
framr-1721	343	14	variables	variable	NOUN
framr-1721	343	15	are	be	AUX
framr-1721	343	16	measured	measure	VERB
framr-1721	343	17	by	by	ADP
framr-1721	343	18	binary	binary	ADJ
framr-1721	343	19	mutual	mutual	ADJ
framr-1721	343	20	information	information	NOUN
framr-1721	343	21	and	and	CCONJ
framr-1721	343	22	the	the	DET
framr-1721	343	23	binary	binary	ADJ
framr-1721	343	24	relative	relative	ADJ
framr-1721	343	25	importance	importance	NOUN
framr-1721	343	26	.	.	PUNCT
framr-1721	344	1	the	the	DET
framr-1721	344	2	mutual	mutual	ADJ
framr-1721	344	3	information	information	NOUN
framr-1721	344	4	of	of	ADP
framr-1721	344	5	two	two	NUM
framr-1721	344	6	random	random	ADJ
framr-1721	344	7	variables	variable	NOUN
framr-1721	344	8	is	be	AUX
framr-1721	344	9	a	a	DET
framr-1721	344	10	score	score	NOUN
framr-1721	344	11	measuring	measure	VERB
framr-1721	344	12	the	the	DET
framr-1721	344	13	statistical	statistical	ADJ
framr-1721	344	14	dependence	dependence	NOUN
framr-1721	344	15	of	of	ADP
framr-1721	344	16	these	these	DET
framr-1721	344	17	variables	variable	NOUN
framr-1721	344	18	.	.	PUNCT
framr-1721	345	1	it	it	PRON
framr-1721	345	2	is	be	AUX
framr-1721	345	3	measured	measure	VERB
framr-1721	345	4	in	in	ADP
framr-1721	345	5	bits	bit	NOUN
framr-1721	345	6	.	.	PUNCT
framr-1721	346	1	the	the	DET
framr-1721	346	2	result	result	NOUN
framr-1721	346	3	find	find	VERB
framr-1721	346	4	that	that	SCONJ
framr-1721	346	5	ceo	ceo	NOUN
framr-1721	346	6	not	not	PART
framr-1721	346	7	loss	loss	NOUN
framr-1721	346	8	aversion	aversion	NOUN
framr-1721	346	9	at	at	ADP
framr-1721	346	10	50	50	NUM
framr-1721	346	11	,	,	PUNCT
framr-1721	346	12	8906	8906	NUM
framr-1721	346	13	%	%	NOUN
framr-1721	346	14	,	,	PUNCT
framr-1721	346	15	optimism	optimism	NOUN
framr-1721	346	16	at	at	ADP
framr-1721	346	17	58	58	NUM
framr-1721	346	18	,	,	PUNCT
framr-1721	346	19	3082	3082	NUM
framr-1721	346	20	%	%	NOUN
framr-1721	346	21	,	,	PUNCT
framr-1721	346	22	overconfident	overconfident	ADJ
framr-1721	346	23	at	at	ADP
framr-1721	346	24	60,785	60,785	NUM
framr-1721	346	25	%	%	NOUN
framr-1721	346	26	,	,	PUNCT
framr-1721	346	27	preferred	preferred	ADJ
framr-1721	346	28	equity	equity	NOUN
framr-1721	346	29	at	at	ADP
framr-1721	346	30	24	24	NUM
framr-1721	346	31	,	,	PUNCT
framr-1721	346	32	5584	5584	NUM
framr-1721	346	33	%	%	NOUN
framr-1721	346	34	,	,	PUNCT
framr-1721	346	35	choice	choice	NOUN
framr-1721	346	36	dividend	dividend	NOUN
framr-1721	346	37	distribution	distribution	NOUN
framr-1721	346	38	at	at	ADP
framr-1721	346	39	72,4981	72,4981	NUM
framr-1721	346	40	%	%	NOUN
framr-1721	346	41	,	,	PUNCT
framr-1721	346	42	opted	opt	VERB
framr-1721	346	43	for	for	ADP
framr-1721	346	44	overinvestment	overinvestment	ADJ
framr-1721	346	45	position	position	NOUN
framr-1721	346	46	at	at	ADP
framr-1721	346	47	14,4476	14,4476	NUM
framr-1721	346	48	%	%	NOUN
framr-1721	346	49	,	,	PUNCT
framr-1721	346	50	operated	operate	VERB
framr-1721	346	51	in	in	ADP
framr-1721	346	52	firm	firm	ADJ
framr-1721	346	53	big	big	ADJ
framr-1721	346	54	size	size	NOUN
framr-1721	346	55	at	at	ADP
framr-1721	346	56	86,7491	86,7491	NUM
framr-1721	346	57	%	%	NOUN
framr-1721	346	58	,	,	PUNCT
framr-1721	346	59	58,9050	58,9050	NUM
framr-1721	346	60	%	%	NOUN
framr-1721	346	61	of	of	ADP
framr-1721	346	62	independence	independence	NOUN
framr-1721	346	63	board	board	NOUN
framr-1721	346	64	presence	presence	NOUN
framr-1721	346	65	.	.	PUNCT
framr-1721	347	1	this	this	DET
framr-1721	347	2	result	result	NOUN
framr-1721	347	3	implies	imply	VERB
framr-1721	347	4	that	that	SCONJ
framr-1721	347	5	ceo	ceo	NOUN
framr-1721	347	6	behavioral	behavioral	ADJ
framr-1721	347	7	characteristics	characteristic	NOUN
framr-1721	347	8	’	'	PUNCT
framr-1721	347	9	affect	affect	VERB
framr-1721	347	10	his	his	PRON
framr-1721	347	11	decision	decision	NOUN
framr-1721	347	12	.	.	PUNCT
framr-1721	348	1	firm	firm	ADJ
framr-1721	348	2	long	long	ADJ
framr-1721	348	3	term	term	NOUN
framr-1721	348	4	debt	debt	NOUN
framr-1721	348	5	choice	choice	NOUN
framr-1721	348	6	is	be	AUX
framr-1721	348	7	justified	justify	VERB
framr-1721	348	8	by	by	ADP
framr-1721	348	9	leader	leader	NOUN
framr-1721	348	10	emotional	emotional	ADJ
framr-1721	348	11	profile	profile	NOUN
framr-1721	348	12	(	(	PUNCT
framr-1721	348	13	optimism	optimism	NOUN
framr-1721	348	14	,	,	PUNCT
framr-1721	348	15	loss	loss	NOUN
framr-1721	348	16	aversion	aversion	NOUN
framr-1721	348	17	and	and	CCONJ
framr-1721	348	18	overconfidence	overconfidence	NOUN
framr-1721	348	19	)	)	PUNCT
framr-1721	348	20	.	.	PUNCT
framr-1721	349	1	this	this	DET
framr-1721	349	2	leader	leader	NOUN
framr-1721	349	3	optimistic	optimistic	ADJ
framr-1721	349	4	with	with	ADP
framr-1721	349	5	its	its	PRON
framr-1721	349	6	firm	firm	ADJ
framr-1721	349	7	future	future	ADJ
framr-1721	349	8	investment	investment	NOUN
framr-1721	349	9	opportunities	opportunity	NOUN
framr-1721	349	10	increases	increase	VERB
framr-1721	349	11	debt	debt	NOUN
framr-1721	349	12	maturity	maturity	NOUN
framr-1721	349	13	level	level	NOUN
framr-1721	349	14	to	to	PART
framr-1721	349	15	limit	limit	VERB
framr-1721	349	16	the	the	DET
framr-1721	349	17	likelihood	likelihood	NOUN
framr-1721	349	18	of	of	ADP
framr-1721	349	19	its	its	PRON
framr-1721	349	20	replacement	replacement	NOUN
framr-1721	349	21	(	(	PUNCT
framr-1721	349	22	loss	loss	NOUN
framr-1721	349	23	aversion	aversion	NOUN
framr-1721	349	24	)	)	PUNCT
framr-1721	349	25	.	.	PUNCT
framr-1721	350	1	loss	loss	NOUN
framr-1721	350	2	aversion	aversion	NOUN
framr-1721	350	3	leaders	leader	NOUN
framr-1721	350	4	seek	seek	VERB
framr-1721	350	5	to	to	PART
framr-1721	350	6	avoid	avoid	VERB
framr-1721	350	7	the	the	DET
framr-1721	350	8	worst	bad	ADJ
framr-1721	350	9	-	-	PUNCT
framr-1721	350	10	case	case	NOUN
framr-1721	350	11	scenarios	scenario	NOUN
framr-1721	350	12	.	.	PUNCT
framr-1721	351	1	they	they	PRON
framr-1721	351	2	not	not	PART
framr-1721	351	3	only	only	ADV
framr-1721	351	4	use	use	VERB
framr-1721	351	5	the	the	DET
framr-1721	351	6	tools	tool	NOUN
framr-1721	351	7	of	of	ADP
framr-1721	351	8	risk	risk	NOUN
framr-1721	351	9	management	management	NOUN
framr-1721	351	10	to	to	PART
framr-1721	351	11	reduce	reduce	VERB
framr-1721	351	12	the	the	DET
framr-1721	351	13	variance	variance	NOUN
framr-1721	351	14	of	of	ADP
framr-1721	351	15	cash	cash	NOUN
framr-1721	351	16	flows	flow	NOUN
framr-1721	351	17	but	but	CCONJ
framr-1721	351	18	rather	rather	ADV
framr-1721	351	19	to	to	PART
framr-1721	351	20	avoid	avoid	VERB
framr-1721	351	21	the	the	DET
framr-1721	351	22	worst	bad	ADJ
framr-1721	351	23	scenarios	scenario	NOUN
framr-1721	351	24	that	that	PRON
framr-1721	351	25	influence	influence	VERB
framr-1721	351	26	the	the	DET
framr-1721	351	27	risk	risk	NOUN
framr-1721	351	28	of	of	ADP
framr-1721	351	29	bankruptcy	bankruptcy	NOUN
framr-1721	351	30	or	or	CCONJ
framr-1721	351	31	preventing	prevent	VERB
framr-1721	351	32	the	the	DET
framr-1721	351	33	company	company	NOUN
framr-1721	351	34	to	to	PART
framr-1721	351	35	take	take	VERB
framr-1721	351	36	advantage	advantage	NOUN
framr-1721	351	37	of	of	ADP
framr-1721	351	38	profitable	profitable	ADJ
framr-1721	351	39	investment	investment	NOUN
framr-1721	351	40	.	.	PUNCT
framr-1721	352	1	thus	thus	ADV
framr-1721	352	2	,	,	PUNCT
framr-1721	352	3	a	a	DET
framr-1721	352	4	downpour	downpour	NOUN
framr-1721	352	5	in	in	ADP
framr-1721	352	6	the	the	DET
framr-1721	352	7	loss	loss	NOUN
framr-1721	352	8	leader	leader	NOUN
framr-1721	352	9	seeks	seek	VERB
framr-1721	352	10	the	the	DET
framr-1721	352	11	minimization	minimization	NOUN
framr-1721	352	12	of	of	ADP
framr-1721	352	13	the	the	DET
framr-1721	352	14	probability	probability	NOUN
framr-1721	352	15	of	of	ADP
framr-1721	352	16	loss	loss	NOUN
framr-1721	352	17	for	for	ADP
framr-1721	352	18	him	he	PRON
framr-1721	352	19	and	and	CCONJ
framr-1721	352	20	a	a	DET
framr-1721	352	21	firm	firm	NOUN
framr-1721	352	22	.	.	PUNCT
framr-1721	353	1	he	he	PRON
framr-1721	353	2	refuses	refuse	VERB
framr-1721	353	3	to	to	ADP
framr-1721	353	4	debt	debt	NOUN
framr-1721	353	5	financing	financing	NOUN
framr-1721	353	6	(	(	PUNCT
framr-1721	353	7	to	to	PART
framr-1721	353	8	avoid	avoid	VERB
framr-1721	353	9	the	the	DET
framr-1721	353	10	risk	risk	NOUN
framr-1721	353	11	of	of	ADP
framr-1721	353	12	bankruptcy	bankruptcy	NOUN
framr-1721	353	13	)	)	PUNCT
framr-1721	353	14	and	and	CCONJ
framr-1721	353	15	prefer	prefer	VERB
framr-1721	353	16	self	self	NOUN
framr-1721	353	17	-	-	PUNCT
framr-1721	353	18	financing	finance	VERB
framr-1721	353	19	financial	financial	ADJ
framr-1721	353	20	risk	risk	NOUN
framr-1721	353	21	and	and	CCONJ
framr-1721	353	22	management	management	NOUN
framr-1721	353	23	reviews	review	NOUN
framr-1721	353	24	,	,	PUNCT
framr-1721	353	25	2016	2016	NUM
framr-1721	353	26	,	,	PUNCT
framr-1721	353	27	2(1	2(1	NUM
framr-1721	353	28	):	):	PUNCT
framr-1721	353	29	1	1	NUM
framr-1721	353	30	-	-	SYM
framr-1721	353	31	25	25	NUM
framr-1721	353	32	19	19	NUM
framr-1721	353	33	©	©	PROPN
framr-1721	353	34	2016	2016	NUM
framr-1721	353	35	conscientia	conscientia	PROPN
framr-1721	353	36	beam	beam	PROPN
framr-1721	353	37	.	.	PUNCT
framr-1721	354	1	all	all	DET
framr-1721	354	2	rights	right	NOUN
framr-1721	354	3	reserved	reserve	VERB
framr-1721	354	4	.	.	PUNCT
framr-1721	355	1	ceo	ceo	NOUN
framr-1721	355	2	debt	debt	NOUN
framr-1721	355	3	maturity	maturity	NOUN
framr-1721	355	4	average	average	ADJ
framr-1721	355	5	ratios	ratio	NOUN
framr-1721	355	6	of	of	ADP
framr-1721	355	7	the	the	DET
framr-1721	355	8	order	order	NOUN
framr-1721	355	9	of	of	ADP
framr-1721	355	10	26	26	NUM
framr-1721	355	11	,	,	PUNCT
framr-1721	355	12	4416	4416	NUM
framr-1721	355	13	%	%	NOUN
framr-1721	355	14	is	be	AUX
framr-1721	355	15	explained	explain	VERB
framr-1721	355	16	by	by	ADP
framr-1721	355	17	its	its	PRON
framr-1721	355	18	optimist	optimist	ADJ
framr-1721	355	19	level	level	NOUN
framr-1721	355	20	at	at	ADP
framr-1721	355	21	56	56	NUM
framr-1721	355	22	,	,	PUNCT
framr-1721	355	23	2120	2120	NUM
framr-1721	355	24	%	%	NOUN
framr-1721	355	25	,	,	PUNCT
framr-1721	355	26	its	its	PRON
framr-1721	355	27	loss	loss	NOUN
framr-1721	355	28	aversion	aversion	NOUN
framr-1721	355	29	at	at	ADP
framr-1721	355	30	78,7610	78,7610	NUM
framr-1721	355	31	%	%	NOUN
framr-1721	355	32	,	,	PUNCT
framr-1721	355	33	its	its	PRON
framr-1721	355	34	overconfidence	overconfidence	NOUN
framr-1721	355	35	at	at	ADP
framr-1721	355	36	64,4348	64,4348	NUM
framr-1721	355	37	%	%	NOUN
framr-1721	355	38	,	,	PUNCT
framr-1721	355	39	its	its	PRON
framr-1721	355	40	preference	preference	NOUN
framr-1721	355	41	for	for	ADP
framr-1721	355	42	as+lt+undin	as+lt+undin	VERB
framr-1721	355	43	at	at	ADP
framr-1721	355	44	16,0929	16,0929	NUM
framr-1721	355	45	%	%	NOUN
framr-1721	355	46	,	,	PUNCT
framr-1721	355	47	equity	equity	NOUN
framr-1721	355	48	preference	preference	NOUN
framr-1721	355	49	at	at	ADP
framr-1721	355	50	28,4494%,dividend	28,4494%,dividend	NUM
framr-1721	355	51	distribution	distribution	NOUN
framr-1721	355	52	at	at	ADP
framr-1721	355	53	64,5319	64,5319	NUM
framr-1721	355	54	%	%	NOUN
framr-1721	355	55	,	,	PUNCT
framr-1721	355	56	firm	firm	ADJ
framr-1721	355	57	directors	director	NOUN
framr-1721	355	58	board	board	VERB
framr-1721	355	59	independence	independence	NOUN
framr-1721	355	60	at	at	ADP
framr-1721	355	61	57,5172%,firm	57,5172%,firm	ADJ
framr-1721	355	62	low	low	ADJ
framr-1721	355	63	profitability	profitability	NOUN
framr-1721	355	64	at	at	ADP
framr-1721	355	65	55,5406	55,5406	NUM
framr-1721	355	66	%	%	NOUN
framr-1721	355	67	and	and	CCONJ
framr-1721	355	68	average	average	ADJ
framr-1721	355	69	size	size	NOUN
framr-1721	355	70	at	at	ADP
framr-1721	355	71	71,5105	71,5105	NUM
framr-1721	355	72	%	%	NOUN
framr-1721	355	73	.	.	PUNCT
framr-1721	356	1	optimistic	optimistic	ADJ
framr-1721	356	2	leader	leader	NOUN
framr-1721	356	3	is	be	AUX
framr-1721	356	4	aware	aware	ADJ
framr-1721	356	5	that	that	SCONJ
framr-1721	356	6	his	his	PRON
framr-1721	356	7	company	company	NOUN
framr-1721	356	8	is	be	AUX
framr-1721	356	9	undervalued	undervalue	VERB
framr-1721	356	10	by	by	ADP
framr-1721	356	11	the	the	DET
framr-1721	356	12	market	market	NOUN
framr-1721	356	13	.	.	PUNCT
framr-1721	357	1	it	it	PRON
framr-1721	357	2	therefore	therefore	ADV
framr-1721	357	3	seeks	seek	VERB
framr-1721	357	4	to	to	PART
framr-1721	357	5	limit	limit	VERB
framr-1721	357	6	its	its	PRON
framr-1721	357	7	reliance	reliance	NOUN
framr-1721	357	8	on	on	ADP
framr-1721	357	9	external	external	ADJ
framr-1721	357	10	financing	financing	NOUN
framr-1721	357	11	modes	mode	NOUN
framr-1721	357	12	whose	whose	DET
framr-1721	357	13	debt	debt	NOUN
framr-1721	357	14	.	.	PUNCT
framr-1721	358	1	however	however	ADV
framr-1721	358	2	,	,	PUNCT
framr-1721	358	3	if	if	SCONJ
framr-1721	358	4	insufficiency	insufficiency	NOUN
framr-1721	358	5	internal	internal	ADJ
framr-1721	358	6	financing	financing	NOUN
framr-1721	358	7	mode	mode	NOUN
framr-1721	358	8	it	it	PRON
framr-1721	358	9	chose	choose	VERB
framr-1721	358	10	not	not	PART
framr-1721	358	11	risky	risky	ADJ
framr-1721	358	12	debt	debt	NOUN
framr-1721	358	13	(	(	PUNCT
framr-1721	358	14	short	short	ADJ
framr-1721	358	15	-	-	PUNCT
framr-1721	358	16	term	term	NOUN
framr-1721	358	17	)	)	PUNCT
framr-1721	358	18	first	first	ADV
framr-1721	358	19	then	then	ADV
framr-1721	358	20	risky	risky	ADJ
framr-1721	358	21	debt	debt	NOUN
framr-1721	358	22	(	(	PUNCT
framr-1721	358	23	long	long	ADJ
framr-1721	358	24	-	-	PUNCT
framr-1721	358	25	term	term	NOUN
framr-1721	358	26	debt	debt	NOUN
framr-1721	358	27	)	)	PUNCT
framr-1721	358	28	,	,	PUNCT
framr-1721	358	29	and	and	CCONJ
framr-1721	358	30	finally	finally	ADV
framr-1721	358	31	the	the	DET
framr-1721	358	32	capital	capital	NOUN
framr-1721	358	33	increase	increase	NOUN
framr-1721	358	34	(	(	PUNCT
framr-1721	358	35	heaton	heaton	PROPN
framr-1721	358	36	,	,	PUNCT
framr-1721	358	37	2002	2002	NUM
framr-1721	358	38	;	;	PUNCT
framr-1721	358	39	malmendier	malmendier	NOUN
framr-1721	358	40	and	and	CCONJ
framr-1721	358	41	tate	tate	NOUN
framr-1721	358	42	,	,	PUNCT
framr-1721	358	43	2005	2005	NUM
framr-1721	358	44	)	)	PUNCT
framr-1721	358	45	.	.	PUNCT
framr-1721	359	1	this	this	PRON
framr-1721	359	2	implies	imply	VERB
framr-1721	359	3	that	that	SCONJ
framr-1721	359	4	the	the	DET
framr-1721	359	5	optimistic	optimistic	ADJ
framr-1721	359	6	manager	manager	NOUN
framr-1721	359	7	seeks	seek	VERB
framr-1721	359	8	to	to	PART
framr-1721	359	9	reduce	reduce	VERB
framr-1721	359	10	the	the	DET
framr-1721	359	11	debt	debt	NOUN
framr-1721	359	12	maturity	maturity	NOUN
framr-1721	359	13	.	.	PUNCT
framr-1721	360	1	table-8	table-8	NOUN
framr-1721	360	2	.	.	PUNCT
framr-1721	361	1	target	target	VERB
framr-1721	361	2	variable	variable	ADJ
framr-1721	361	3	analysis	analysis	NOUN
framr-1721	361	4	c.	c.	PROPN
framr-1721	361	5	modal	modal	NOUN
framr-1721	361	6	value	value	NOUN
framr-1721	361	7	:	:	PUNCT
framr-1721	361	8	the	the	DET
framr-1721	361	9	average	average	ADJ
framr-1721	361	10	values	value	NOUN
framr-1721	361	11	of	of	ADP
framr-1721	361	12	the	the	DET
framr-1721	361	13	explanatory	explanatory	ADJ
framr-1721	361	14	variable	variable	NOUN
framr-1721	361	15	for	for	ADP
framr-1721	361	16	each	each	DET
framr-1721	361	17	the	the	DET
framr-1721	361	18	target	target	NOUN
framr-1721	361	19	value	value	NOUN
framr-1721	361	20	.	.	PUNCT
framr-1721	362	1	the	the	DET
framr-1721	362	2	target	target	NOUN
framr-1721	362	3	variables	variable	VERB
framr-1721	362	4	analysis	analysis	NOUN
framr-1721	362	5	shows	show	VERB
framr-1721	362	6	that	that	SCONJ
framr-1721	362	7	57	57	NUM
framr-1721	362	8	,	,	PUNCT
framr-1721	362	9	8323	8323	NUM
framr-1721	362	10	%	%	NOUN
framr-1721	362	11	of	of	ADP
framr-1721	362	12	tunisian	tunisian	ADJ
framr-1721	362	13	is	be	AUX
framr-1721	362	14	opting	opt	VERB
framr-1721	362	15	to	to	ADP
framr-1721	362	16	long	long	ADJ
framr-1721	362	17	term	term	NOUN
framr-1721	362	18	debt	debt	NOUN
framr-1721	362	19	maturity	maturity	NOUN
framr-1721	362	20	,	,	PUNCT
framr-1721	362	21	26	26	NUM
framr-1721	362	22	,	,	PUNCT
framr-1721	362	23	4416	4416	NUM
framr-1721	362	24	%	%	NOUN
framr-1721	362	25	choice	choice	NOUN
framr-1721	362	26	average	average	ADJ
framr-1721	362	27	term	term	NOUN
framr-1721	362	28	debt	debt	NOUN
framr-1721	362	29	maturity	maturity	NOUN
framr-1721	362	30	rate	rate	NOUN
framr-1721	362	31	and	and	CCONJ
framr-1721	362	32	15.7261	15.7261	NUM
framr-1721	362	33	%	%	NOUN
framr-1721	362	34	prefer	prefer	VERB
framr-1721	362	35	short	short	ADJ
framr-1721	362	36	term	term	NOUN
framr-1721	362	37	debt	debt	NOUN
framr-1721	362	38	maturity	maturity	NOUN
framr-1721	362	39	.	.	PUNCT
framr-1721	363	1	dm	dm	NOUN
framr-1721	363	2	=	=	SYM
framr-1721	363	3	long	long	ADJ
framr-1721	363	4	term	term	NOUN
framr-1721	363	5	(	(	PUNCT
framr-1721	363	6	57,8323	57,8323	NUM
framr-1721	363	7	%	%	NOUN
framr-1721	363	8	)	)	PUNCT
framr-1721	363	9	nodes	nod	VERB
framr-1721	363	10	binary	binary	ADJ
framr-1721	363	11	mutual	mutual	ADJ
framr-1721	363	12	information	information	NOUN
framr-1721	363	13	binary	binary	PROPN
framr-1721	363	14	relative	relative	ADJ
framr-1721	363	15	importanc	importanc	PROPN
framr-1721	363	16	modal	modal	ADJ
framr-1721	363	17	value	value	NOUN
framr-1721	363	18	fsize	fsize	NOUN
framr-1721	363	19	0,3157	0,3157	NOUN
framr-1721	363	20	1,0000	1,0000	NUM
framr-1721	363	21	big	big	ADJ
framr-1721	363	22	86,7491	86,7491	NUM
framr-1721	363	23	%	%	NOUN
framr-1721	363	24	la	la	PRON
framr-1721	363	25	0,0601	0,0601	PROPN
framr-1721	363	26	0,1903	0,1903	PROPN
framr-1721	364	1	no	no	DET
framr-1721	364	2	50,8906	50,8906	NUM
framr-1721	364	3	%	%	NOUN
framr-1721	364	4	csc	csc	PROPN
framr-1721	364	5	0,0262	0,0262	NOUN
framr-1721	364	6	0,0831	0,0831	PROPN
framr-1721	364	7	eq	eq	ADP
framr-1721	364	8	24,5584	24,5584	NUM
framr-1721	364	9	%	%	NOUN
framr-1721	364	10	di	di	NOUN
framr-1721	364	11	0,0220	0,0220	NOUN
framr-1721	364	12	0,0695	0,0695	X
framr-1721	364	13	overinv	overinv	ADJ
framr-1721	364	14	14,4476	14,4476	NUM
framr-1721	364	15	%	%	NOUN
framr-1721	364	16	dv	dv	PROPN
framr-1721	364	17	0,0067	0,0067	NOUN
framr-1721	364	18	0,0211	0,0211	NUM
framr-1721	365	1	yes	yes	INTJ
framr-1721	365	2	72,4981	72,4981	NUM
framr-1721	365	3	%	%	NOUN
framr-1721	365	4	op	op	NOUN
framr-1721	365	5	0,0029	0,0029	PROPN
framr-1721	365	6	0,0092	0,0092	VERB
framr-1721	366	1	yes	yes	INTJ
framr-1721	366	2	58,3082	58,3082	NUM
framr-1721	366	3	%	%	NOUN
framr-1721	366	4	bind	bind	NOUN
framr-1721	366	5	0,0015	0,0015	NOUN
framr-1721	366	6	0,0046	0,0046	NUM
framr-1721	367	1	yes	yes	INTJ
framr-1721	367	2	58,9050	58,9050	NUM
framr-1721	367	3	%	%	NOUN
framr-1721	367	4	over	over	ADP
framr-1721	367	5	0,0007	0,0007	ADJ
framr-1721	367	6	0,0023	0,0023	NOUN
framr-1721	368	1	yes	yes	INTJ
framr-1721	369	1	60,7857	60,7857	NUM
framr-1721	369	2	%	%	NOUN
framr-1721	369	3	pf	pf	NOUN
framr-1721	369	4	0,0000	0,0000	NUM
framr-1721	369	5	0,0000	0,0000	NUM
framr-1721	370	1	no	no	DET
framr-1721	370	2	55,9322	55,9322	NUM
framr-1721	370	3	%	%	NOUN
framr-1721	370	4	dm	dm	NOUN
framr-1721	370	5	=	=	PUNCT
framr-1721	370	6	average	average	ADJ
framr-1721	370	7	term	term	NOUN
framr-1721	370	8	(	(	PUNCT
framr-1721	370	9	26,4416	26,4416	NUM
framr-1721	370	10	%	%	NOUN
framr-1721	370	11	)	)	PUNCT
framr-1721	370	12	nodes	nod	VERB
framr-1721	370	13	binary	binary	ADJ
framr-1721	370	14	mutual	mutual	ADJ
framr-1721	370	15	information	information	NOUN
framr-1721	370	16	binary	binary	ADJ
framr-1721	370	17	relative	relative	ADJ
framr-1721	370	18	importance	importance	NOUN
framr-1721	370	19	modal	modal	NOUN
framr-1721	370	20	value	value	NOUN
framr-1721	370	21	fsize	fsize	NOUN
framr-1721	370	22	0,2305	0,2305	PROPN
framr-1721	370	23	1,0000	1,0000	NUM
framr-1721	370	24	average	average	NOUN
framr-1721	370	25	71,5105	71,5105	NUM
framr-1721	370	26	%	%	NOUN
framr-1721	370	27	la	la	PROPN
framr-1721	370	28	0,0367	0,0367	X
framr-1721	370	29	0,1593	0,1593	NOUN
framr-1721	371	1	yes	yes	INTJ
framr-1721	372	1	78,7610	78,7610	NUM
framr-1721	372	2	%	%	NOUN
framr-1721	372	3	di	di	NOUN
framr-1721	372	4	0,0215	0,0215	NOUN
framr-1721	372	5	0,0934	0,0934	NOUN
framr-1721	372	6	as+lt+undin	as+lt+undin	VERB
framr-1721	372	7	16,0929	16,0929	NUM
framr-1721	372	8	%	%	NOUN
framr-1721	372	9	csc	csc	PROPN
framr-1721	372	10	0,0124	0,0124	PROPN
framr-1721	372	11	0,0537	0,0537	PROPN
framr-1721	372	12	eq	eq	ADJ
framr-1721	372	13	28,4494	28,4494	NUM
framr-1721	372	14	%	%	NOUN
framr-1721	372	15	dv	dv	PROPN
framr-1721	372	16	0,0021	0,0021	PROPN
framr-1721	372	17	0,0089	0,0089	NOUN
framr-1721	372	18	yes	yes	INTJ
framr-1721	373	1	64,5319	64,5319	NUM
framr-1721	373	2	%	%	NOUN
framr-1721	373	3	over	over	ADP
framr-1721	373	4	0,0006	0,0006	NOUN
framr-1721	373	5	0,0026	0,0026	VERB
framr-1721	373	6	yes	yes	INTJ
framr-1721	374	1	64,4348	64,4348	NUM
framr-1721	374	2	%	%	NOUN
framr-1721	374	3	op	op	NOUN
framr-1721	374	4	0,0000	0,0000	NUM
framr-1721	374	5	0,0002	0,0002	NOUN
framr-1721	375	1	yes	yes	NUM
framr-1721	375	2	56,2120	56,2120	NUM
framr-1721	375	3	%	%	NOUN
framr-1721	375	4	bind	bind	VERB
framr-1721	375	5	0,0000	0,0000	NUM
framr-1721	375	6	0,0001	0,0001	NUM
framr-1721	376	1	yes	yes	INTJ
framr-1721	376	2	57,5172	57,5172	NUM
framr-1721	376	3	%	%	NOUN
framr-1721	376	4	pf	pf	NOUN
framr-1721	376	5	0,0000	0,0000	NUM
framr-1721	376	6	0,0001	0,0001	NOUN
framr-1721	377	1	no	no	DET
framr-1721	377	2	55,5406	55,5406	NUM
framr-1721	377	3	%	%	NOUN
framr-1721	377	4	dm	dm	NOUN
framr-1721	377	5	=	=	PUNCT
framr-1721	377	6	short	short	ADJ
framr-1721	377	7	term	term	NOUN
framr-1721	377	8	(	(	PUNCT
framr-1721	377	9	15,7261	15,7261	NUM
framr-1721	377	10	%	%	NOUN
framr-1721	377	11	)	)	PUNCT
framr-1721	377	12	nodes	nod	VERB
framr-1721	377	13	binary	binary	PROPN
framr-1721	377	14	mutuel	mutuel	PROPN
framr-1721	377	15	information	information	NOUN
framr-1721	377	16	binary	binary	ADJ
framr-1721	377	17	relative	relative	ADJ
framr-1721	377	18	importance	importance	NOUN
framr-1721	377	19	modal	modal	NOUN
framr-1721	377	20	value	value	NOUN
framr-1721	377	21	fsize	fsize	NOUN
framr-1721	377	22	0,0792	0,0792	ADJ
framr-1721	377	23	1,0000	1,0000	NUM
framr-1721	377	24	small	small	ADJ
framr-1721	377	25	36,6580	36,6580	NUM
framr-1721	377	26	%	%	NOUN
framr-1721	377	27	csc	csc	PROPN
framr-1721	377	28	0,0110	0,0110	PROPN
framr-1721	377	29	0,1386	0,1386	ADJ
framr-1721	377	30	eq	eq	ADP
framr-1721	377	31	33,1499	33,1499	NUM
framr-1721	377	32	%	%	NOUN
framr-1721	377	33	la	la	NOUN
framr-1721	377	34	0,0108	0,0108	NOUN
framr-1721	377	35	0,1368	0,1368	PUNCT
framr-1721	378	1	yes	yes	INTJ
framr-1721	378	2	74,4477	74,4477	NUM
framr-1721	378	3	%	%	NOUN
framr-1721	378	4	op	op	NOUN
framr-1721	378	5	0,0064	0,0064	NOUN
framr-1721	378	6	0,0809	0,0809	NOUN
framr-1721	379	1	no	no	DET
framr-1721	379	2	55,2571	55,2571	NUM
framr-1721	379	3	%	%	NOUN
framr-1721	379	4	di	di	NOUN
framr-1721	379	5	0,0049	0,0049	ADJ
framr-1721	379	6	0,0618	0,0618	X
framr-1721	379	7	as+lt+undin	as+lt+undin	VERB
framr-1721	379	8	16,9809	16,9809	NUM
framr-1721	379	9	%	%	NOUN
framr-1721	379	10	bind	bind	NOUN
framr-1721	379	11	0,0034	0,0034	NOUN
framr-1721	380	1	0,0426	0,0426	NUM
framr-1721	381	1	no	no	DET
framr-1721	381	2	50,8751	50,8751	NUM
framr-1721	381	3	%	%	NOUN
framr-1721	381	4	dv	dv	PROPN
framr-1721	381	5	0,0030	0,0030	PROPN
framr-1721	381	6	0,0381	0,0381	VERB
framr-1721	382	1	yes	yes	INTJ
framr-1721	383	1	61,6434	61,6434	NUM
framr-1721	383	2	%	%	NOUN
framr-1721	383	3	pf	pf	PROPN
framr-1721	383	4	0,0001	0,0001	PROPN
framr-1721	383	5	0,0007	0,0007	PROPN
framr-1721	383	6	no	no	DET
framr-1721	383	7	57,0217	57,0217	NUM
framr-1721	383	8	%	%	NOUN
framr-1721	383	9	over	over	ADP
framr-1721	383	10	0,0000	0,0000	NUM
framr-1721	383	11	0,0006	0,0006	NOUN
framr-1721	384	1	yes	yes	INTJ
framr-1721	384	2	63,0190	63,0190	NUM
framr-1721	384	3	%	%	NOUN
framr-1721	384	4	financial	financial	ADJ
framr-1721	384	5	risk	risk	NOUN
framr-1721	384	6	and	and	CCONJ
framr-1721	384	7	management	management	NOUN
framr-1721	384	8	reviews	review	NOUN
framr-1721	384	9	,	,	PUNCT
framr-1721	384	10	2016	2016	NUM
framr-1721	384	11	,	,	PUNCT
framr-1721	384	12	2(1	2(1	NUM
framr-1721	384	13	):	):	PUNCT
framr-1721	384	14	1	1	NUM
framr-1721	384	15	-	-	SYM
framr-1721	384	16	25	25	NUM
framr-1721	384	17	20	20	NUM
framr-1721	384	18	©	©	PROPN
framr-1721	384	19	2016	2016	NUM
framr-1721	384	20	conscientia	conscientia	PROPN
framr-1721	384	21	beam	beam	PROPN
framr-1721	384	22	.	.	PUNCT
framr-1721	385	1	all	all	DET
framr-1721	385	2	rights	right	NOUN
framr-1721	385	3	reserved	reserve	VERB
framr-1721	385	4	.	.	PUNCT
framr-1721	386	1	finally	finally	ADV
framr-1721	386	2	,	,	PUNCT
framr-1721	386	3	target	target	VERB
framr-1721	386	4	variable	variable	ADJ
framr-1721	386	5	analysis	analysis	NOUN
framr-1721	386	6	show	show	VERB
framr-1721	386	7	that	that	SCONJ
framr-1721	386	8	ceo	ceo	NOUN
framr-1721	386	9	short	short	ADJ
framr-1721	386	10	term	term	NOUN
framr-1721	386	11	debt	debt	NOUN
framr-1721	386	12	choice	choice	NOUN
framr-1721	386	13	at	at	ADP
framr-1721	386	14	15	15	NUM
framr-1721	386	15	,	,	PUNCT
framr-1721	386	16	7261	7261	NUM
framr-1721	386	17	%	%	NOUN
framr-1721	386	18	is	be	AUX
framr-1721	386	19	positevelly	positevelly	ADV
framr-1721	386	20	correlated	correlate	VERB
framr-1721	386	21	with	with	ADP
framr-1721	386	22	its	its	PRON
framr-1721	386	23	loss	loss	NOUN
framr-1721	386	24	aversion	aversion	NOUN
framr-1721	386	25	at	at	ADP
framr-1721	386	26	74,4477	74,4477	NUM
framr-1721	386	27	%	%	NOUN
framr-1721	386	28	,	,	PUNCT
framr-1721	386	29	its	its	PRON
framr-1721	386	30	pessimism	pessimism	NOUN
framr-1721	386	31	level	level	NOUN
framr-1721	386	32	at	at	ADP
framr-1721	386	33	55,2571	55,2571	NUM
framr-1721	386	34	%	%	NOUN
framr-1721	386	35	,	,	PUNCT
framr-1721	386	36	its	its	PRON
framr-1721	386	37	overconfidence	overconfidence	NOUN
framr-1721	386	38	at	at	ADP
framr-1721	386	39	63,0190	63,0190	NUM
framr-1721	386	40	%	%	NOUN
framr-1721	386	41	,	,	PUNCT
framr-1721	386	42	its	its	PRON
framr-1721	386	43	preference	preference	NOUN
framr-1721	386	44	for	for	ADP
framr-1721	386	45	as+lt+undin	as+lt+undin	VERB
framr-1721	386	46	at	at	ADP
framr-1721	386	47	16,9809	16,9809	NUM
framr-1721	386	48	%	%	NOUN
framr-1721	386	49	,	,	PUNCT
framr-1721	386	50	firm	firm	ADJ
framr-1721	386	51	equity	equity	NOUN
framr-1721	386	52	choice	choice	NOUN
framr-1721	386	53	at	at	ADP
framr-1721	386	54	33,1499	33,1499	NUM
framr-1721	386	55	%	%	NOUN
framr-1721	386	56	,	,	PUNCT
framr-1721	386	57	firm	firm	ADJ
framr-1721	386	58	small	small	ADJ
framr-1721	386	59	size	size	NOUN
framr-1721	386	60	at	at	ADP
framr-1721	386	61	36,6580	36,6580	NUM
framr-1721	386	62	%	%	NOUN
framr-1721	386	63	,	,	PUNCT
framr-1721	386	64	dividend	dividend	NOUN
framr-1721	386	65	distribution	distribution	NOUN
framr-1721	386	66	choice	choice	NOUN
framr-1721	386	67	at	at	ADP
framr-1721	386	68	61,6434	61,6434	NUM
framr-1721	386	69	%	%	NOUN
framr-1721	386	70	,	,	PUNCT
framr-1721	386	71	firm	firm	ADJ
framr-1721	386	72	low	low	ADJ
framr-1721	386	73	profitability	profitability	NOUN
framr-1721	386	74	at	at	ADP
framr-1721	386	75	57,0217	57,0217	NUM
framr-1721	386	76	%	%	NOUN
framr-1721	386	77	and	and	CCONJ
framr-1721	386	78	firm	firm	ADJ
framr-1721	386	79	depended	depend	VERB
framr-1721	386	80	board	board	NOUN
framr-1721	386	81	at	at	ADP
framr-1721	386	82	50,8751	50,8751	NUM
framr-1721	386	83	%	%	NOUN
framr-1721	386	84	.	.	PUNCT
framr-1721	387	1	ceos	ceos	PROPN
framr-1721	387	2	are	be	AUX
framr-1721	387	3	powerful	powerful	ADJ
framr-1721	387	4	and	and	CCONJ
framr-1721	387	5	dominate	dominate	VERB
framr-1721	387	6	most	most	ADJ
framr-1721	387	7	major	major	ADJ
framr-1721	387	8	decisions	decision	NOUN
framr-1721	387	9	,	,	PUNCT
framr-1721	387	10	the	the	DET
framr-1721	387	11	risk	risk	NOUN
framr-1721	387	12	arising	arise	VERB
framr-1721	387	13	from	from	ADP
framr-1721	387	14	judgment	judgment	NOUN
framr-1721	387	15	errors	error	NOUN
framr-1721	387	16	is	be	AUX
framr-1721	387	17	not	not	PART
framr-1721	387	18	well	well	ADV
framr-1721	387	19	-	-	PUNCT
framr-1721	387	20	diversified	diversify	VERB
framr-1721	387	21	,	,	PUNCT
framr-1721	387	22	resulting	result	VERB
framr-1721	387	23	in	in	ADP
framr-1721	387	24	more	more	ADV
framr-1721	387	25	extreme	extreme	ADJ
framr-1721	387	26	decisions	decision	NOUN
framr-1721	387	27	and	and	CCONJ
framr-1721	387	28	higher	high	ADJ
framr-1721	387	29	variance	variance	NOUN
framr-1721	387	30	of	of	ADP
framr-1721	387	31	firm	firm	ADJ
framr-1721	387	32	performance	performance	NOUN
framr-1721	387	33	.	.	PUNCT
framr-1721	388	1	this	this	DET
framr-1721	388	2	shower	shower	NOUN
framr-1721	388	3	head	head	NOUN
framr-1721	388	4	to	to	ADP
framr-1721	388	5	risk	risk	NOUN
framr-1721	388	6	of	of	ADP
framr-1721	388	7	loss	loss	NOUN
framr-1721	388	8	of	of	ADP
framr-1721	388	9	earnings	earning	NOUN
framr-1721	388	10	or	or	CCONJ
framr-1721	388	11	reputation	reputation	NOUN
framr-1721	388	12	seeks	seek	VERB
framr-1721	388	13	to	to	PART
framr-1721	388	14	limit	limit	VERB
framr-1721	388	15	the	the	DET
framr-1721	388	16	potential	potential	ADJ
framr-1721	388	17	loss	loss	NOUN
framr-1721	388	18	by	by	ADP
framr-1721	388	19	choosing	choose	VERB
framr-1721	388	20	low	low	ADJ
framr-1721	388	21	-	-	PUNCT
framr-1721	388	22	risk	risk	NOUN
framr-1721	388	23	decisions	decision	NOUN
framr-1721	388	24	including	include	VERB
framr-1721	388	25	short	short	ADJ
framr-1721	388	26	-	-	PUNCT
framr-1721	388	27	term	term	NOUN
framr-1721	388	28	debt	debt	NOUN
framr-1721	388	29	choice	choice	NOUN
framr-1721	388	30	.	.	PUNCT
framr-1721	389	1	4.3	4.3	NUM
framr-1721	389	2	.	.	PUNCT
framr-1721	389	3	average	average	ADJ
framr-1721	389	4	target	target	NOUN
framr-1721	389	5	maximizing	maximize	VERB
framr-1721	389	6	analysis	analysis	NOUN
framr-1721	389	7	thus	thus	ADV
framr-1721	389	8	,	,	PUNCT
framr-1721	389	9	the	the	DET
framr-1721	389	10	target	target	NOUN
framr-1721	389	11	dynamic	dynamic	ADJ
framr-1721	389	12	profile	profile	NOUN
framr-1721	389	13	capability	capability	NOUN
framr-1721	389	14	software	software	NOUN
framr-1721	389	15	(	(	PUNCT
framr-1721	389	16	bayesialab	bayesialab	PROPN
framr-1721	389	17	)	)	PUNCT
framr-1721	389	18	to	to	PART
framr-1721	389	19	query	query	VERB
framr-1721	389	20	about	about	ADP
framr-1721	389	21	an	an	DET
framr-1721	389	22	a	a	DET
framr-1721	389	23	posteriori	posteriori	NOUN
framr-1721	389	24	maximization	maximization	NOUN
framr-1721	389	25	of	of	ADP
framr-1721	389	26	the	the	DET
framr-1721	389	27	target	target	NOUN
framr-1721	389	28	average	average	NOUN
framr-1721	389	29	.	.	PUNCT
framr-1721	390	1	this	this	DET
framr-1721	390	2	test	test	NOUN
framr-1721	390	3	shows	show	VERB
framr-1721	390	4	the	the	DET
framr-1721	390	5	case	case	NOUN
framr-1721	390	6	to	to	PART
framr-1721	390	7	maximize	maximize	VERB
framr-1721	390	8	the	the	DET
framr-1721	390	9	target	target	NOUN
framr-1721	390	10	variable	variable	ADJ
framr-1721	390	11	value	value	NOUN
framr-1721	390	12	.	.	PUNCT
framr-1721	391	1	table	table	NOUN
framr-1721	391	2	7	7	NUM
framr-1721	391	3	presents	present	VERB
framr-1721	391	4	the	the	DET
framr-1721	391	5	dynamic	dynamic	ADJ
framr-1721	391	6	profile	profile	NOUN
framr-1721	391	7	of	of	ADP
framr-1721	391	8	the	the	DET
framr-1721	391	9	debt	debt	NOUN
framr-1721	391	10	maturity	maturity	NOUN
framr-1721	391	11	(	(	PUNCT
framr-1721	391	12	dm	dm	NOUN
framr-1721	391	13	)	)	PUNCT
framr-1721	391	14	.	.	PUNCT
framr-1721	392	1	table-9	table-9	NOUN
framr-1721	392	2	.	.	PUNCT
framr-1721	393	1	target	target	NOUN
framr-1721	393	2	maximizing	maximize	VERB
framr-1721	393	3	analysis	analysis	NOUN
framr-1721	393	4	.	.	PUNCT
framr-1721	394	1	dm	dm	NOUN
framr-1721	394	2	=	=	SYM
framr-1721	394	3	short	short	ADJ
framr-1721	394	4	term	term	NOUN
framr-1721	394	5	nodes	nod	VERB
framr-1721	394	6	optimal	optimal	ADJ
framr-1721	394	7	modality	modality	NOUN
framr-1721	394	8	probability	probability	NOUN
framr-1721	394	9	joint	joint	ADJ
framr-1721	394	10	probability	probability	NOUN
framr-1721	394	11	priori	priori	ADJ
framr-1721	394	12	15,7261	15,7261	NUM
framr-1721	394	13	%	%	NOUN
framr-1721	394	14	100,0000	100,0000	NUM
framr-1721	394	15	%	%	NOUN
framr-1721	394	16	fsize	fsize	NOUN
framr-1721	394	17	small	small	ADJ
framr-1721	394	18	52,4081	52,4081	NUM
framr-1721	394	19	%	%	NOUN
framr-1721	394	20	11,0000	11,0000	NUM
framr-1721	394	21	%	%	NOUN
framr-1721	394	22	di	di	X
framr-1721	394	23	lt+overinv	lt+overinv	NOUN
framr-1721	394	24	78,3799	78,3799	NUM
framr-1721	394	25	%	%	NOUN
framr-1721	394	26	0,9174	0,9174	PROPN
framr-1721	394	27	%	%	NOUN
framr-1721	394	28	csc	csc	PROPN
framr-1721	394	29	eq	eq	NOUN
framr-1721	394	30	100,0000	100,0000	NUM
framr-1721	394	31	%	%	NOUN
framr-1721	394	32	0,4528	0,4528	NUM
framr-1721	394	33	%	%	NOUN
framr-1721	394	34	dm	dm	NOUN
framr-1721	394	35	=	=	PUNCT
framr-1721	394	36	average	average	ADJ
framr-1721	394	37	term	term	NOUN
framr-1721	394	38	nodes	nod	VERB
framr-1721	394	39	optimal	optimal	ADJ
framr-1721	394	40	modality	modality	NOUN
framr-1721	394	41	probability	probability	NOUN
framr-1721	394	42	joint	joint	ADJ
framr-1721	394	43	probability	probability	NOUN
framr-1721	394	44	a	a	DET
framr-1721	394	45	priori	priori	ADJ
framr-1721	394	46	26,4416	26,4416	NUM
framr-1721	394	47	%	%	NOUN
framr-1721	394	48	100,0000	100,0000	NUM
framr-1721	394	49	%	%	NOUN
framr-1721	394	50	fsize	fsize	NOUN
framr-1721	394	51	average	average	NOUN
framr-1721	394	52	65,2017	65,2017	NUM
framr-1721	394	53	%	%	NOUN
framr-1721	394	54	29,0000	29,0000	NUM
framr-1721	394	55	%	%	NOUN
framr-1721	394	56	di	di	NOUN
framr-1721	394	57	st+underinv	st+underinv	ADJ
framr-1721	394	58	93,4636	93,4636	NOUN
framr-1721	394	59	%	%	NOUN
framr-1721	394	60	3,0924	3,0924	NUM
framr-1721	394	61	%	%	NOUN
framr-1721	394	62	op	op	NOUN
framr-1721	395	1	yes	yes	INTJ
framr-1721	395	2	100,0000	100,0000	NUM
framr-1721	395	3	%	%	NOUN
framr-1721	395	4	2,1177	2,1177	NUM
framr-1721	395	5	%	%	NOUN
framr-1721	395	6	dm	dm	NOUN
framr-1721	395	7	=	=	PUNCT
framr-1721	395	8	long	long	ADJ
framr-1721	395	9	term	term	NOUN
framr-1721	395	10	nodes	nod	VERB
framr-1721	395	11	optimal	optimal	ADJ
framr-1721	395	12	modality	modality	NOUN
framr-1721	395	13	probability	probability	NOUN
framr-1721	395	14	joint	joint	ADJ
framr-1721	395	15	probability	probability	NOUN
framr-1721	395	16	a	a	DET
framr-1721	395	17	priori	priori	ADJ
framr-1721	395	18	57,8323	57,8323	NUM
framr-1721	395	19	%	%	NOUN
framr-1721	395	20	100,0000	100,0000	NUM
framr-1721	395	21	%	%	NOUN
framr-1721	395	22	fsize	fsize	NOUN
framr-1721	395	23	big	big	ADJ
framr-1721	395	24	83,6150	83,6150	NUM
framr-1721	395	25	%	%	NOUN
framr-1721	395	26	60,0000	60,0000	NUM
framr-1721	395	27	%	%	NOUN
framr-1721	395	28	di	di	X
framr-1721	395	29	overinv	overinv	ADJ
framr-1721	395	30	100,0000	100,0000	NUM
framr-1721	395	31	%	%	NOUN
framr-1721	395	32	7,5841	7,5841	NUM
framr-1721	395	33	%	%	NOUN
framr-1721	395	34	note	note	NOUN
framr-1721	395	35	:	:	PUNCT
framr-1721	395	36	a.	a.	NOUN
framr-1721	395	37	optimal	optimal	ADJ
framr-1721	395	38	modality	modality	NOUN
framr-1721	395	39	:	:	PUNCT
framr-1721	395	40	modality	modality	NOUN
framr-1721	395	41	is	be	AUX
framr-1721	395	42	maximizing	maximize	VERB
framr-1721	395	43	the	the	DET
framr-1721	395	44	traget	traget	NOUN
framr-1721	395	45	value	value	NOUN
framr-1721	395	46	.	.	PUNCT
framr-1721	396	1	b.	b.	PROPN
framr-1721	396	2	probability	probability	PROPN
framr-1721	396	3	:	:	PUNCT
framr-1721	396	4	the	the	DET
framr-1721	396	5	prior	prior	ADJ
framr-1721	396	6	probability	probability	NOUN
framr-1721	396	7	of	of	ADP
framr-1721	396	8	each	each	DET
framr-1721	396	9	variable	variable	NOUN
framr-1721	396	10	.	.	PUNCT
framr-1721	397	1	c.	c.	PROPN
framr-1721	397	2	joint	joint	PROPN
framr-1721	397	3	probability	probability	NOUN
framr-1721	397	4	:	:	PUNCT
framr-1721	397	5	the	the	DET
framr-1721	397	6	probability	probability	NOUN
framr-1721	397	7	that	that	SCONJ
framr-1721	397	8	the	the	DET
framr-1721	397	9	target	target	NOUN
framr-1721	397	10	variable	variable	NOUN
framr-1721	397	11	takes	take	VERB
framr-1721	397	12	the	the	DET
framr-1721	397	13	value	value	NOUN
framr-1721	397	14	n	n	INTJ
framr-1721	397	15	given	give	VERB
framr-1721	397	16	that	that	SCONJ
framr-1721	397	17	the	the	DET
framr-1721	397	18	explanatory	explanatory	ADJ
framr-1721	397	19	variable	variable	NOUN
framr-1721	397	20	takes	take	VERB
framr-1721	397	21	the	the	DET
framr-1721	397	22	value	value	NOUN
framr-1721	397	23	p.	p.	NOUN
framr-1721	397	24	for	for	ADP
framr-1721	397	25	example	example	NOUN
framr-1721	397	26	,	,	PUNCT
framr-1721	397	27	the	the	DET
framr-1721	397	28	probability	probability	NOUN
framr-1721	397	29	of	of	ADP
framr-1721	397	30	choosing	choose	VERB
framr-1721	397	31	big	big	ADJ
framr-1721	397	32	level	level	NOUN
framr-1721	397	33	of	of	ADP
framr-1721	397	34	long	long	ADJ
framr-1721	397	35	term	term	NOUN
framr-1721	397	36	debt	debt	NOUN
framr-1721	397	37	by	by	ADP
framr-1721	397	38	firm	firm	ADJ
framr-1721	397	39	big	big	ADJ
framr-1721	397	40	size	size	NOUN
framr-1721	397	41	is	be	AUX
framr-1721	397	42	60.000	60.000	NUM
framr-1721	397	43	%	%	NOUN
framr-1721	397	44	.	.	PUNCT
framr-1721	398	1	the	the	DET
framr-1721	398	2	target	target	NOUN
framr-1721	398	3	maximizing	maximize	VERB
framr-1721	398	4	analysis	analysis	NOUN
framr-1721	398	5	show	show	VERB
framr-1721	398	6	that	that	SCONJ
framr-1721	398	7	11.00	11.00	NUM
framr-1721	398	8	%	%	NOUN
framr-1721	398	9	firm	firm	ADJ
framr-1721	398	10	size	size	NOUN
framr-1721	398	11	decrease	decrease	NOUN
framr-1721	398	12	,	,	PUNCT
framr-1721	398	13	0	0	NUM
framr-1721	398	14	,	,	PUNCT
framr-1721	398	15	4258	4258	NUM
framr-1721	398	16	%	%	NOUN
framr-1721	398	17	equity	equity	NOUN
framr-1721	398	18	choice	choice	NOUN
framr-1721	398	19	and	and	CCONJ
framr-1721	398	20	0,9174	0,9174	NOUN
framr-1721	398	21	%	%	NOUN
framr-1721	398	22	overinvestment	overinvestment	ADJ
framr-1721	398	23	preference	preference	NOUN
framr-1721	398	24	in	in	ADP
framr-1721	398	25	long	long	ADJ
framr-1721	398	26	term	term	NOUN
framr-1721	398	27	project	project	NOUN
framr-1721	398	28	is	be	AUX
framr-1721	398	29	positively	positively	ADV
framr-1721	398	30	correlated	correlate	VERB
framr-1721	398	31	with	with	ADP
framr-1721	398	32	ceo	ceo	NOUN
framr-1721	398	33	preference	preference	NOUN
framr-1721	398	34	of	of	ADP
framr-1721	398	35	short	short	ADJ
framr-1721	398	36	term	term	NOUN
framr-1721	398	37	debt	debt	NOUN
framr-1721	398	38	at	at	ADP
framr-1721	398	39	15,2761	15,2761	NUM
framr-1721	398	40	%	%	NOUN
framr-1721	398	41	.	.	PUNCT
framr-1721	399	1	the	the	DET
framr-1721	399	2	29,000	29,000	NUM
framr-1721	399	3	%	%	NOUN
framr-1721	399	4	in	in	ADP
framr-1721	399	5	firm	firm	ADJ
framr-1721	399	6	size	size	NOUN
framr-1721	399	7	average	average	ADJ
framr-1721	399	8	rate	rate	NOUN
framr-1721	399	9	,	,	PUNCT
framr-1721	399	10	3	3	NUM
framr-1721	399	11	,	,	PUNCT
framr-1721	399	12	0924	0924	NUM
framr-1721	399	13	%	%	NOUN
framr-1721	399	14	increase	increase	NOUN
framr-1721	399	15	ceo	ceo	NOUN
framr-1721	399	16	preference	preference	NOUN
framr-1721	399	17	of	of	ADP
framr-1721	399	18	underinvestment	underinvestment	ADJ
framr-1721	399	19	position	position	NOUN
framr-1721	399	20	in	in	ADP
framr-1721	399	21	short	short	ADJ
framr-1721	399	22	term	term	NOUN
framr-1721	399	23	project	project	NOUN
framr-1721	399	24	and	and	CCONJ
framr-1721	399	25	2,117	2,117	NUM
framr-1721	399	26	%	%	NOUN
framr-1721	399	27	ceo	ceo	NOUN
framr-1721	399	28	financial	financial	ADJ
framr-1721	399	29	risk	risk	NOUN
framr-1721	399	30	and	and	CCONJ
framr-1721	399	31	management	management	NOUN
framr-1721	399	32	reviews	review	NOUN
framr-1721	399	33	,	,	PUNCT
framr-1721	399	34	2016	2016	NUM
framr-1721	399	35	,	,	PUNCT
framr-1721	399	36	2(1	2(1	NUM
framr-1721	399	37	):	):	PUNCT
framr-1721	399	38	1	1	NUM
framr-1721	399	39	-	-	SYM
framr-1721	399	40	25	25	NUM
framr-1721	399	41	21	21	NUM
framr-1721	399	42	©	©	PROPN
framr-1721	399	43	2016	2016	NUM
framr-1721	399	44	conscientia	conscientia	PROPN
framr-1721	399	45	beam	beam	PROPN
framr-1721	399	46	.	.	PUNCT
framr-1721	400	1	all	all	DET
framr-1721	400	2	rights	right	NOUN
framr-1721	400	3	reserved	reserve	VERB
framr-1721	400	4	.	.	PUNCT
framr-1721	401	1	optimism	optimism	NOUN
framr-1721	401	2	level	level	NOUN
framr-1721	401	3	increase	increase	NOUN
framr-1721	401	4	is	be	AUX
framr-1721	401	5	positively	positively	ADV
framr-1721	401	6	correlated	correlate	VERB
framr-1721	401	7	with	with	ADP
framr-1721	401	8	26,4416	26,4416	NUM
framr-1721	401	9	increase	increase	NOUN
framr-1721	401	10	in	in	ADP
framr-1721	401	11	its	its	PRON
framr-1721	401	12	preference	preference	NOUN
framr-1721	401	13	for	for	ADP
framr-1721	401	14	debt	debt	NOUN
framr-1721	401	15	average	average	ADJ
framr-1721	401	16	term	term	NOUN
framr-1721	401	17	maturity	maturity	NOUN
framr-1721	401	18	.	.	PUNCT
framr-1721	402	1	this	this	DET
framr-1721	402	2	result	result	NOUN
framr-1721	402	3	implies	imply	VERB
framr-1721	402	4	the	the	DET
framr-1721	402	5	impact	impact	NOUN
framr-1721	402	6	of	of	ADP
framr-1721	402	7	ceo	ceo	NOUN
framr-1721	402	8	optimism	optimism	NOUN
framr-1721	402	9	in	in	ADP
framr-1721	402	10	its	its	PRON
framr-1721	402	11	firm	firm	ADJ
framr-1721	402	12	policy	policy	NOUN
framr-1721	402	13	.	.	PUNCT
framr-1721	403	1	this	this	DET
framr-1721	403	2	optimistic	optimistic	ADJ
framr-1721	403	3	leader	leader	NOUN
framr-1721	403	4	kept	keep	VERB
framr-1721	403	5	his	his	PRON
framr-1721	403	6	place	place	NOUN
framr-1721	403	7	at	at	ADP
framr-1721	403	8	the	the	DET
framr-1721	403	9	head	head	NOUN
framr-1721	403	10	of	of	ADP
framr-1721	403	11	his	his	PRON
framr-1721	403	12	company	company	NOUN
framr-1721	403	13	opts	opt	VERB
framr-1721	403	14	for	for	ADP
framr-1721	403	15	long	long	ADJ
framr-1721	403	16	-	-	PUNCT
framr-1721	403	17	term	term	NOUN
framr-1721	403	18	financial	financial	ADJ
framr-1721	403	19	policy	policy	NOUN
framr-1721	403	20	which	which	PRON
framr-1721	403	21	long	long	ADJ
framr-1721	403	22	term	term	NOUN
framr-1721	403	23	debts	debt	NOUN
framr-1721	403	24	choice	choice	NOUN
framr-1721	403	25	.	.	PUNCT
framr-1721	404	1	a	a	DET
framr-1721	404	2	leader	leader	NOUN
framr-1721	404	3	optimistic	optimistic	ADJ
framr-1721	404	4	with	with	ADP
framr-1721	404	5	the	the	DET
framr-1721	404	6	growth	growth	NOUN
framr-1721	404	7	opportunities	opportunity	NOUN
framr-1721	404	8	of	of	ADP
framr-1721	404	9	his	his	PRON
framr-1721	404	10	business	business	NOUN
framr-1721	404	11	has	have	VERB
framr-1721	404	12	an	an	DET
framr-1721	404	13	interest	interest	NOUN
framr-1721	404	14	to	to	PART
framr-1721	404	15	limit	limit	VERB
framr-1721	404	16	the	the	DET
framr-1721	404	17	risk	risk	NOUN
framr-1721	404	18	of	of	ADP
framr-1721	404	19	hostile	hostile	ADJ
framr-1721	404	20	takeover	takeover	NOUN
framr-1721	404	21	.	.	PUNCT
framr-1721	405	1	it	it	PRON
framr-1721	405	2	seeks	seek	VERB
framr-1721	405	3	a	a	DET
framr-1721	405	4	debt	debt	NOUN
framr-1721	405	5	threshold	threshold	NOUN
framr-1721	405	6	limiting	limit	VERB
framr-1721	405	7	the	the	DET
framr-1721	405	8	risk	risk	NOUN
framr-1721	405	9	of	of	ADP
framr-1721	405	10	failure	failure	NOUN
framr-1721	405	11	,	,	PUNCT
framr-1721	405	12	the	the	DET
framr-1721	405	13	risk	risk	NOUN
framr-1721	405	14	of	of	ADP
framr-1721	405	15	hostile	hostile	ADJ
framr-1721	405	16	takeover	takeover	NOUN
framr-1721	405	17	and	and	CCONJ
framr-1721	405	18	indicating	indicate	VERB
framr-1721	405	19	the	the	DET
framr-1721	405	20	health	health	NOUN
framr-1721	405	21	of	of	ADP
framr-1721	405	22	the	the	DET
framr-1721	405	23	business	business	NOUN
framr-1721	405	24	.	.	PUNCT
framr-1721	406	1	finally	finally	ADV
framr-1721	406	2	,	,	PUNCT
framr-1721	406	3	target	target	VERB
framr-1721	406	4	dynamic	dynamic	ADJ
framr-1721	406	5	profile	profile	NOUN
framr-1721	406	6	analysis	analysis	NOUN
framr-1721	406	7	show	show	VERB
framr-1721	406	8	that	that	SCONJ
framr-1721	406	9	ceo	ceo	NOUN
framr-1721	406	10	increased	increase	VERB
framr-1721	406	11	preferences	preference	NOUN
framr-1721	406	12	for	for	ADP
framr-1721	406	13	long	long	ADJ
framr-1721	406	14	term	term	NOUN
framr-1721	406	15	debt	debt	NOUN
framr-1721	406	16	maturity	maturity	NOUN
framr-1721	406	17	of	of	ADP
framr-1721	406	18	the	the	DET
framr-1721	406	19	order	order	NOUN
framr-1721	406	20	of	of	ADP
framr-1721	406	21	57,832	57,832	NUM
framr-1721	406	22	%	%	NOUN
framr-1721	406	23	its	its	PRON
framr-1721	406	24	correlated	correlate	VERB
framr-1721	406	25	with	with	ADP
framr-1721	406	26	its	its	PRON
framr-1721	406	27	firm	firm	ADJ
framr-1721	406	28	size	size	NOUN
framr-1721	406	29	increased	increase	VERB
framr-1721	406	30	at	at	ADP
framr-1721	406	31	60,00	60,00	NUM
framr-1721	406	32	%	%	NOUN
framr-1721	406	33	and	and	CCONJ
framr-1721	406	34	its	its	PRON
framr-1721	406	35	preference	preference	NOUN
framr-1721	406	36	for	for	ADP
framr-1721	406	37	overinvestment	overinvestment	ADJ
framr-1721	406	38	position	position	NOUN
framr-1721	406	39	at	at	ADP
framr-1721	406	40	7,5841	7,5841	NUM
framr-1721	406	41	%	%	NOUN
framr-1721	406	42	.	.	PUNCT
framr-1721	407	1	5	5	X
framr-1721	407	2	.	.	X
framr-1721	407	3	conclusion	conclusion	NOUN
framr-1721	407	4	this	this	DET
framr-1721	407	5	research	research	NOUN
framr-1721	407	6	examines	examine	VERB
framr-1721	407	7	the	the	DET
framr-1721	407	8	determinants	determinant	NOUN
framr-1721	407	9	of	of	ADP
framr-1721	407	10	firms	firm	NOUN
framr-1721	407	11	’	’	PART
framr-1721	407	12	debt	debt	NOUN
framr-1721	407	13	maturity	maturity	NOUN
framr-1721	407	14	choice	choice	NOUN
framr-1721	407	15	introducing	introduce	VERB
framr-1721	407	16	a	a	DET
framr-1721	407	17	behavioral	behavioral	ADJ
framr-1721	407	18	perspective	perspective	NOUN
framr-1721	407	19	.	.	PUNCT
framr-1721	408	1	theoretical	theoretical	ADJ
framr-1721	408	2	analysis	analysis	NOUN
framr-1721	408	3	presented	present	VERB
framr-1721	408	4	implications	implication	NOUN
framr-1721	408	5	of	of	ADP
framr-1721	408	6	managerial	managerial	ADJ
framr-1721	408	7	characteristics	characteristic	NOUN
framr-1721	408	8	(	(	PUNCT
framr-1721	408	9	emotional	emotional	ADJ
framr-1721	408	10	biases	bias	NOUN
framr-1721	408	11	)	)	PUNCT
framr-1721	408	12	to	to	PART
framr-1721	408	13	explained	explain	VERB
framr-1721	408	14	his	his	PRON
framr-1721	408	15	preference	preference	NOUN
framr-1721	408	16	for	for	ADP
framr-1721	408	17	debt	debt	NOUN
framr-1721	408	18	maturity	maturity	NOUN
framr-1721	408	19	position	position	NOUN
framr-1721	408	20	.	.	PUNCT
framr-1721	409	1	thus	thus	ADV
framr-1721	409	2	,	,	PUNCT
framr-1721	409	3	the	the	DET
framr-1721	409	4	optimism	optimism	NOUN
framr-1721	409	5	of	of	ADP
framr-1721	409	6	the	the	DET
framr-1721	409	7	leader	leader	NOUN
framr-1721	409	8	over	over	ADP
framr-1721	409	9	the	the	DET
framr-1721	409	10	problem	problem	NOUN
framr-1721	409	11	of	of	ADP
framr-1721	409	12	managerial	managerial	ADJ
framr-1721	409	13	opportunism	opportunism	NOUN
framr-1721	409	14	described	describe	VERB
framr-1721	409	15	by	by	ADP
framr-1721	409	16	the	the	DET
framr-1721	409	17	agency	agency	NOUN
framr-1721	409	18	theory	theory	NOUN
framr-1721	409	19	in	in	ADP
framr-1721	409	20	debt	debt	NOUN
framr-1721	409	21	choice	choice	NOUN
framr-1721	409	22	.	.	PUNCT
framr-1721	410	1	leader	leader	NOUN
framr-1721	410	2	optimistic	optimistic	ADJ
framr-1721	410	3	interest	interest	NOUN
framr-1721	410	4	in	in	ADP
framr-1721	410	5	bringing	bring	VERB
framr-1721	410	6	to	to	ADP
framr-1721	410	7	the	the	DET
framr-1721	410	8	maximization	maximization	NOUN
framr-1721	410	9	of	of	ADP
framr-1721	410	10	shareholder	shareholder	NOUN
framr-1721	410	11	wealth	wealth	NOUN
framr-1721	410	12	and	and	CCONJ
framr-1721	410	13	to	to	PART
framr-1721	410	14	know	know	VERB
framr-1721	410	15	in	in	ADP
framr-1721	410	16	order	order	NOUN
framr-1721	410	17	to	to	PART
framr-1721	410	18	optimize	optimize	VERB
framr-1721	410	19	the	the	DET
framr-1721	410	20	flow	flow	NOUN
framr-1721	410	21	of	of	ADP
framr-1721	410	22	funds	fund	NOUN
framr-1721	410	23	.	.	PUNCT
framr-1721	411	1	debt	debt	NOUN
framr-1721	411	2	nature	nature	NOUN
framr-1721	411	3	analysis	analysis	NOUN
framr-1721	411	4	by	by	ADP
framr-1721	411	5	introducing	introduce	VERB
framr-1721	411	6	behavioral	behavioral	ADJ
framr-1721	411	7	dimension	dimension	NOUN
framr-1721	411	8	enriched	enrich	VERB
framr-1721	411	9	organizational	organizational	ADJ
framr-1721	411	10	financial	financial	ADJ
framr-1721	411	11	theory	theory	NOUN
framr-1721	411	12	:	:	PUNCT
framr-1721	411	13	leader	leader	NOUN
framr-1721	411	14	affected	affect	VERB
framr-1721	411	15	by	by	ADP
framr-1721	411	16	behavioral	behavioral	ADJ
framr-1721	411	17	biases	bias	NOUN
framr-1721	411	18	presence	presence	NOUN
framr-1721	411	19	prefer	prefer	VERB
framr-1721	411	20	long	long	ADJ
framr-1721	411	21	term	term	NOUN
framr-1721	411	22	debt	debt	NOUN
framr-1721	411	23	maturity	maturity	NOUN
framr-1721	411	24	allowing	allow	VERB
framr-1721	411	25	this	this	DET
framr-1721	411	26	protect	protect	NOUN
framr-1721	411	27	against	against	ADP
framr-1721	411	28	the	the	DET
framr-1721	411	29	takeover	takeover	NOUN
framr-1721	411	30	operation	operation	NOUN
framr-1721	411	31	russianness	russianness	PROPN
framr-1721	411	32	.	.	PUNCT
framr-1721	412	1	empirical	empirical	ADJ
framr-1721	412	2	analysis	analysis	NOUN
framr-1721	412	3	presenting	present	VERB
framr-1721	412	4	survey	survey	PROPN
framr-1721	412	5	ceo	ceo	PROPN
framr-1721	412	6	large	large	ADJ
framr-1721	412	7	private	private	ADJ
framr-1721	412	8	companies	company	NOUN
framr-1721	412	9	in	in	ADP
framr-1721	412	10	tunisia	tunisia	PROPN
framr-1721	412	11	.	.	PUNCT
framr-1721	413	1	data	datum	NOUN
framr-1721	413	2	analyses	analysis	NOUN
framr-1721	413	3	revealed	reveal	VERB
framr-1721	413	4	ceo	ceo	NOUN
framr-1721	413	5	emotional	emotional	ADJ
framr-1721	413	6	biases	bias	NOUN
framr-1721	413	7	importance	importance	NOUN
framr-1721	413	8	in	in	ADP
framr-1721	413	9	explaining	explain	VERB
framr-1721	413	10	his	his	PRON
framr-1721	413	11	debt	debt	NOUN
framr-1721	413	12	nature	nature	NOUN
framr-1721	413	13	choice	choice	NOUN
framr-1721	413	14	.	.	PUNCT
framr-1721	414	1	indeed	indeed	ADV
framr-1721	414	2	,	,	PUNCT
framr-1721	414	3	empirical	empirical	ADJ
framr-1721	414	4	relationship	relationship	NOUN
framr-1721	414	5	analysis	analysis	NOUN
framr-1721	414	6	between	between	ADP
framr-1721	414	7	optimism	optimism	NOUN
framr-1721	414	8	and	and	CCONJ
framr-1721	414	9	firm	firm	ADJ
framr-1721	414	10	debt	debt	NOUN
framr-1721	414	11	maturity	maturity	NOUN
framr-1721	414	12	shows	show	VERB
framr-1721	414	13	behavioral	behavioral	ADJ
framr-1721	414	14	dimension	dimension	NOUN
framr-1721	414	15	role	role	NOUN
framr-1721	414	16	in	in	ADP
framr-1721	414	17	the	the	DET
framr-1721	414	18	explanation	explanation	NOUN
framr-1721	414	19	.	.	PUNCT
framr-1721	415	1	ceo	ceo	NOUN
framr-1721	415	2	optimism	optimism	NOUN
framr-1721	415	3	level	level	NOUN
framr-1721	415	4	is	be	AUX
framr-1721	415	5	positively	positively	ADV
framr-1721	415	6	correlated	correlate	VERB
framr-1721	415	7	with	with	ADP
framr-1721	415	8	a	a	DET
framr-1721	415	9	preference	preference	NOUN
framr-1721	415	10	for	for	ADP
framr-1721	415	11	long	long	ADJ
framr-1721	415	12	term	term	NOUN
framr-1721	415	13	/	/	SYM
framr-1721	415	14	and	and	CCONJ
framr-1721	415	15	or	or	CCONJ
framr-1721	415	16	average	average	ADJ
framr-1721	415	17	term	term	NOUN
framr-1721	415	18	debt	debt	NOUN
framr-1721	415	19	.	.	PUNCT
framr-1721	416	1	optimistic	optimistic	ADJ
framr-1721	416	2	ceo	ceo	NOUN
framr-1721	416	3	with	with	ADP
framr-1721	416	4	its	its	PRON
framr-1721	416	5	firm	firm	ADJ
framr-1721	416	6	growth	growth	NOUN
framr-1721	416	7	opportunities	opportunity	NOUN
framr-1721	416	8	uses	use	VERB
framr-1721	416	9	its	its	PRON
framr-1721	416	10	decisional	decisional	ADJ
framr-1721	416	11	leverage	leverage	NOUN
framr-1721	416	12	to	to	PART
framr-1721	416	13	improve	improve	VERB
framr-1721	416	14	its	its	PRON
framr-1721	416	15	reputation	reputation	NOUN
framr-1721	416	16	on	on	ADP
framr-1721	416	17	the	the	DET
framr-1721	416	18	labor	labor	NOUN
framr-1721	416	19	market	market	NOUN
framr-1721	416	20	.	.	PUNCT
framr-1721	417	1	he	he	PRON
framr-1721	417	2	opts	opt	VERB
framr-1721	417	3	for	for	ADP
framr-1721	417	4	long	long	ADJ
framr-1721	417	5	-	-	PUNCT
framr-1721	417	6	term	term	NOUN
framr-1721	417	7	debt	debt	NOUN
framr-1721	417	8	indicating	indicate	VERB
framr-1721	417	9	the	the	DET
framr-1721	417	10	convergence	convergence	NOUN
framr-1721	417	11	of	of	ADP
framr-1721	417	12	its	its	PRON
framr-1721	417	13	interests	interest	NOUN
framr-1721	417	14	with	with	ADP
framr-1721	417	15	those	those	PRON
framr-1721	417	16	of	of	ADP
framr-1721	417	17	shareholders	shareholder	NOUN
framr-1721	417	18	.	.	PUNCT
framr-1721	418	1	we	we	PRON
framr-1721	418	2	also	also	ADV
framr-1721	418	3	note	note	VERB
framr-1721	418	4	that	that	SCONJ
framr-1721	418	5	ceo	ceo	NOUN
framr-1721	418	6	loss	loss	NOUN
framr-1721	418	7	aversion	aversion	NOUN
framr-1721	418	8	level	level	NOUN
framr-1721	418	9	is	be	AUX
framr-1721	418	10	positively	positively	ADV
framr-1721	418	11	correlated	correlate	VERB
framr-1721	418	12	with	with	ADP
framr-1721	418	13	firm	firm	ADJ
framr-1721	418	14	debt	debt	NOUN
framr-1721	418	15	maturity	maturity	NOUN
framr-1721	418	16	choice	choice	NOUN
framr-1721	418	17	.	.	PUNCT
framr-1721	419	1	loss	loss	NOUN
framr-1721	419	2	aversion	aversion	NOUN
framr-1721	419	3	causes	cause	VERB
framr-1721	419	4	ceo	ceo	NOUN
framr-1721	419	5	to	to	PART
framr-1721	419	6	overestimate	overestimate	VERB
framr-1721	419	7	its	its	PRON
framr-1721	419	8	firm	firm	ADJ
framr-1721	419	9	total	total	ADJ
framr-1721	419	10	risk	risk	NOUN
framr-1721	419	11	.	.	PUNCT
framr-1721	420	1	this	this	DET
framr-1721	420	2	overestimation	overestimation	NOUN
framr-1721	420	3	of	of	ADP
framr-1721	420	4	the	the	DET
framr-1721	420	5	risk	risk	NOUN
framr-1721	420	6	of	of	ADP
framr-1721	420	7	the	the	DET
framr-1721	420	8	business	business	NOUN
framr-1721	420	9	leader	leader	NOUN
framr-1721	420	10	impulse	impulse	ADJ
framr-1721	420	11	decision	decision	NOUN
framr-1721	420	12	to	to	PART
framr-1721	420	13	choose	choose	VERB
framr-1721	420	14	less	less	ADV
framr-1721	420	15	risky	risky	ADJ
framr-1721	420	16	.	.	PUNCT
framr-1721	421	1	he	he	PRON
framr-1721	421	2	prefers	prefer	VERB
framr-1721	421	3	the	the	DET
framr-1721	421	4	short	short	ADJ
framr-1721	421	5	-	-	PUNCT
framr-1721	421	6	term	term	NOUN
framr-1721	421	7	debt	debt	NOUN
framr-1721	421	8	low	low	ADJ
framr-1721	421	9	risk	risk	NOUN
framr-1721	421	10	compared	compare	VERB
framr-1721	421	11	to	to	ADP
framr-1721	421	12	long	long	ADJ
framr-1721	421	13	term	term	NOUN
framr-1721	421	14	.	.	PUNCT
framr-1721	422	1	finally	finally	ADV
framr-1721	422	2	,	,	PUNCT
framr-1721	422	3	the	the	DET
framr-1721	422	4	ceo	ceo	NOUN
framr-1721	422	5	debt	debt	NOUN
framr-1721	422	6	maturity	maturity	NOUN
framr-1721	422	7	behavioral	behavioral	ADJ
framr-1721	422	8	analysis	analysis	NOUN
framr-1721	422	9	is	be	AUX
framr-1721	422	10	consistent	consistent	ADJ
framr-1721	422	11	with	with	ADP
framr-1721	422	12	the	the	DET
framr-1721	422	13	corporate	corporate	ADJ
framr-1721	422	14	financial	financial	ADJ
framr-1721	422	15	theory	theory	NOUN
framr-1721	422	16	,	,	PUNCT
framr-1721	422	17	the	the	DET
framr-1721	422	18	leader	leader	NOUN
framr-1721	422	19	affected	affect	VERB
framr-1721	422	20	by	by	ADP
framr-1721	422	21	behavioral	behavioral	ADJ
framr-1721	422	22	biases	bias	NOUN
framr-1721	422	23	adjusts	adjust	VERB
framr-1721	422	24	its	its	PRON
framr-1721	422	25	debt	debt	NOUN
framr-1721	422	26	maturity	maturity	NOUN
framr-1721	422	27	based	base	VERB
framr-1721	422	28	on	on	ADP
framr-1721	422	29	their	their	PRON
framr-1721	422	30	ability	ability	NOUN
framr-1721	422	31	to	to	PART
framr-1721	422	32	assess	assess	VERB
framr-1721	422	33	alternatives	alternative	NOUN
framr-1721	422	34	(	(	PUNCT
framr-1721	422	35	optimism	optimism	NOUN
framr-1721	422	36	and	and	CCONJ
framr-1721	422	37	overconfidence	overconfidence	NOUN
framr-1721	422	38	)	)	PUNCT
framr-1721	422	39	and	and	CCONJ
framr-1721	422	40	risk	risk	NOUN
framr-1721	422	41	perception	perception	NOUN
framr-1721	422	42	(	(	PUNCT
framr-1721	422	43	loss	loss	NOUN
framr-1721	422	44	aversion	aversion	NOUN
framr-1721	422	45	)	)	PUNCT
framr-1721	422	46	to	to	PART
framr-1721	422	47	create	create	VERB
framr-1721	422	48	of	of	ADP
framr-1721	422	49	shareholder	shareholder	NOUN
framr-1721	422	50	value	value	NOUN
framr-1721	422	51	and	and	CCONJ
framr-1721	422	52	ensure	ensure	VERB
framr-1721	422	53	its	its	PRON
framr-1721	422	54	place	place	NOUN
framr-1721	422	55	at	at	ADP
framr-1721	422	56	the	the	DET
framr-1721	422	57	head	head	NOUN
framr-1721	422	58	of	of	ADP
framr-1721	422	59	the	the	DET
framr-1721	422	60	management	management	NOUN
framr-1721	422	61	team	team	NOUN
framr-1721	422	62	.	.	PUNCT
framr-1721	423	1	references	reference	NOUN
framr-1721	423	2	adams	adams	PROPN
framr-1721	423	3	,	,	PUNCT
framr-1721	423	4	k.h	k.h	PROPN
framr-1721	423	5	.	.	PROPN
framr-1721	423	6	,	,	PUNCT
framr-1721	423	7	e.	e.	PROPN
framr-1721	423	8	hansen	hansen	PROPN
framr-1721	423	9	,	,	PUNCT
framr-1721	423	10	l.h	l.h	PROPN
framr-1721	423	11	.	.	PROPN
framr-1721	423	12	pinborg	pinborg	PROPN
framr-1721	423	13	,	,	PUNCT
framr-1721	423	14	s.g	s.g	PROPN
framr-1721	423	15	.	.	PROPN
framr-1721	423	16	hasselbalch	hasselbalch	PROPN
framr-1721	423	17	,	,	PUNCT
framr-1721	423	18	c.	c.	PROPN
framr-1721	423	19	svarer	svarer	PROPN
framr-1721	423	20	,	,	PUNCT
framr-1721	423	21	s.	s.	PROPN
framr-1721	423	22	holm	holm	PROPN
framr-1721	423	23	,	,	PUNCT
framr-1721	423	24	t.g	t.g	PROPN
framr-1721	423	25	.	.	PROPN
framr-1721	423	26	bolvig	bolvig	NOUN
framr-1721	423	27	and	and	CCONJ
framr-1721	423	28	g.m	g.m	PROPN
framr-1721	423	29	.	.	PROPN
framr-1721	423	30	knudsen	knudsen	PROPN
framr-1721	423	31	,	,	PUNCT
framr-1721	423	32	2005	2005	NUM
framr-1721	423	33	.	.	PUNCT
framr-1721	424	1	patients	patient	NOUN
framr-1721	424	2	with	with	ADP
framr-1721	424	3	obsessive	obsessive	ADJ
framr-1721	424	4	-	-	PUNCT
framr-1721	424	5	compulsive	compulsive	ADJ
framr-1721	424	6	disorder	disorder	NOUN
framr-1721	424	7	have	have	AUX
framr-1721	424	8	increased	increase	VERB
framr-1721	424	9	5	5	NUM
framr-1721	424	10	-	-	PUNCT
framr-1721	424	11	ht2a	ht2a	NOUN
framr-1721	424	12	receptor	receptor	NOUN
framr-1721	424	13	binding	bind	VERB
framr-1721	424	14	in	in	ADP
framr-1721	424	15	the	the	DET
framr-1721	424	16	caudate	caudate	NOUN
framr-1721	424	17	nuclei	nucleus	NOUN
framr-1721	424	18	.	.	PUNCT
framr-1721	425	1	international	international	ADJ
framr-1721	425	2	journal	journal	PROPN
framr-1721	425	3	of	of	ADP
framr-1721	425	4	neuropsychopharmacology	neuropsychopharmacology	PROPN
framr-1721	425	5	,	,	PUNCT
framr-1721	425	6	8(3	8(3	NUM
framr-1721	425	7	):	):	PUNCT
framr-1721	425	8	391	391	NUM
framr-1721	425	9	-	-	SYM
framr-1721	425	10	401	401	NUM
framr-1721	425	11	.	.	PUNCT
framr-1721	426	1	financial	financial	ADJ
framr-1721	426	2	risk	risk	NOUN
framr-1721	426	3	and	and	CCONJ
framr-1721	426	4	management	management	NOUN
framr-1721	426	5	reviews	review	NOUN
framr-1721	426	6	,	,	PUNCT
framr-1721	426	7	2016	2016	NUM
framr-1721	426	8	,	,	PUNCT
framr-1721	426	9	2(1	2(1	NUM
framr-1721	426	10	):	):	PUNCT
framr-1721	426	11	1	1	NUM
framr-1721	426	12	-	-	SYM
framr-1721	426	13	25	25	NUM
framr-1721	426	14	22	22	NUM
framr-1721	426	15	©	©	PROPN
framr-1721	426	16	2016	2016	NUM
framr-1721	426	17	conscientia	conscientia	PROPN
framr-1721	426	18	beam	beam	PROPN
framr-1721	426	19	.	.	PUNCT
framr-1721	427	1	all	all	DET
framr-1721	427	2	rights	right	NOUN
framr-1721	427	3	reserved	reserve	VERB
framr-1721	427	4	.	.	PUNCT
framr-1721	428	1	agrawal	agrawal	PROPN
framr-1721	428	2	,	,	PUNCT
framr-1721	428	3	a.	a.	NOUN
framr-1721	428	4	and	and	CCONJ
framr-1721	428	5	n.	n.	PROPN
framr-1721	428	6	jayaraman	jayaraman	NOUN
framr-1721	428	7	,	,	PUNCT
framr-1721	428	8	1994	1994	NUM
framr-1721	428	9	.	.	PUNCT
framr-1721	429	1	the	the	DET
framr-1721	429	2	dividend	dividend	NOUN
framr-1721	429	3	policies	policy	NOUN
framr-1721	429	4	of	of	ADP
framr-1721	429	5	allequity	allequity	NOUN
framr-1721	429	6	firms	firm	NOUN
framr-1721	429	7	,	,	PUNCT
framr-1721	429	8	a	a	DET
framr-1721	429	9	direct	direct	ADJ
framr-1721	429	10	test	test	NOUN
framr-1721	429	11	of	of	ADP
framr-1721	429	12	the	the	DET
framr-1721	429	13	free	free	ADJ
framr-1721	429	14	cash	cash	NOUN
framr-1721	429	15	flow	flow	NOUN
framr-1721	429	16	theory	theory	NOUN
framr-1721	429	17	.	.	PUNCT
framr-1721	430	1	managerial	managerial	ADJ
framr-1721	430	2	and	and	CCONJ
framr-1721	430	3	decision	decision	NOUN
framr-1721	430	4	economics	economic	NOUN
framr-1721	430	5	,	,	PUNCT
framr-1721	430	6	15(2	15(2	NUM
framr-1721	430	7	):	):	PUNCT
framr-1721	430	8	139	139	NUM
framr-1721	430	9	-	-	SYM
framr-1721	430	10	148	148	NUM
framr-1721	430	11	.	.	PUNCT
framr-1721	431	1	antoniou	antoniou	PROPN
framr-1721	431	2	,	,	PUNCT
framr-1721	431	3	a.	a.	NOUN
framr-1721	431	4	,	,	PUNCT
framr-1721	431	5	y.	y.	PROPN
framr-1721	431	6	guney	guney	PROPN
framr-1721	431	7	and	and	CCONJ
framr-1721	431	8	k.	k.	PROPN
framr-1721	431	9	paudyal	paudyal	PROPN
framr-1721	431	10	,	,	PUNCT
framr-1721	431	11	2007	2007	NUM
framr-1721	431	12	.	.	PUNCT
framr-1721	432	1	the	the	DET
framr-1721	432	2	determinants	determinant	NOUN
framr-1721	432	3	of	of	ADP
framr-1721	432	4	capital	capital	NOUN
framr-1721	432	5	structure	structure	NOUN
framr-1721	432	6	:	:	PUNCT
framr-1721	432	7	capital	capital	NOUN
framr-1721	432	8	market	market	NOUN
framr-1721	432	9	oriented	orient	VERB
framr-1721	432	10	versus	versus	ADP
framr-1721	432	11	bank	bank	NOUN
framr-1721	432	12	oriented	orient	VERB
framr-1721	432	13	institutions	institution	NOUN
framr-1721	432	14	.	.	PUNCT
framr-1721	433	1	journal	journal	PROPN
framr-1721	433	2	of	of	ADP
framr-1721	433	3	financial	financial	ADJ
framr-1721	433	4	and	and	CCONJ
framr-1721	433	5	quantitative	quantitative	ADJ
framr-1721	433	6	analysis	analysis	NOUN
framr-1721	433	7	,	,	PUNCT
framr-1721	433	8	43(1	43(1	NUM
framr-1721	433	9	):	):	PUNCT
framr-1721	433	10	59	59	NUM
framr-1721	433	11	-	-	SYM
framr-1721	433	12	92	92	NUM
framr-1721	433	13	.	.	PUNCT
framr-1721	434	1	azouzi	azouzi	PROPN
framr-1721	434	2	,	,	PUNCT
framr-1721	434	3	m.a	m.a	PROPN
framr-1721	434	4	.	.	PROPN
framr-1721	434	5	and	and	CCONJ
framr-1721	434	6	a.	a.	PROPN
framr-1721	434	7	jarboui	jarboui	PROPN
framr-1721	434	8	,	,	PUNCT
framr-1721	434	9	2012	2012	NUM
framr-1721	434	10	.	.	PUNCT
framr-1721	435	1	ceo	ceo	NOUN
framr-1721	435	2	emotional	emotional	ADJ
framr-1721	435	3	bias	bias	NOUN
framr-1721	435	4	and	and	CCONJ
framr-1721	435	5	capital	capital	NOUN
framr-1721	435	6	structure	structure	NOUN
framr-1721	435	7	choice	choice	NOUN
framr-1721	435	8	,	,	PUNCT
framr-1721	435	9	bayesian	bayesian	NOUN
framr-1721	435	10	network	network	NOUN
framr-1721	435	11	method	method	NOUN
framr-1721	435	12	.	.	PUNCT
framr-1721	436	1	business	business	NOUN
framr-1721	436	2	excellence	excellence	PROPN
framr-1721	436	3	and	and	CCONJ
framr-1721	436	4	management	management	NOUN
framr-1721	436	5	,	,	PUNCT
framr-1721	436	6	2(2	2(2	NUM
framr-1721	436	7	):	):	PUNCT
framr-1721	436	8	47	47	NUM
framr-1721	436	9	-	-	SYM
framr-1721	436	10	70	70	NUM
framr-1721	436	11	.	.	PUNCT
framr-1721	437	1	baker	baker	PROPN
framr-1721	437	2	,	,	PUNCT
framr-1721	437	3	m.	m.	NOUN
framr-1721	437	4	,	,	PUNCT
framr-1721	437	5	s.r	s.r	PROPN
framr-1721	437	6	.	.	PROPN
framr-1721	437	7	richard	richard	PROPN
framr-1721	437	8	and	and	CCONJ
framr-1721	437	9	j.	j.	PROPN
framr-1721	437	10	wurgler	wurgler	PROPN
framr-1721	437	11	,	,	PUNCT
framr-1721	437	12	2007	2007	NUM
framr-1721	437	13	.	.	PUNCT
framr-1721	438	1	behavioral	behavioral	ADJ
framr-1721	438	2	corporate	corporate	ADJ
framr-1721	438	3	finance	finance	NOUN
framr-1721	438	4	.	.	PUNCT
framr-1721	439	1	handbook	handbook	NOUN
framr-1721	439	2	of	of	ADP
framr-1721	439	3	corporate	corporate	ADJ
framr-1721	439	4	finance	finance	NOUN
framr-1721	439	5	,	,	PUNCT
framr-1721	439	6	1	1	NUM
framr-1721	439	7	:	:	SYM
framr-1721	439	8	145	145	NUM
framr-1721	439	9	-	-	SYM
framr-1721	439	10	186	186	NUM
framr-1721	439	11	.	.	PUNCT
framr-1721	440	1	baker	baker	PROPN
framr-1721	440	2	,	,	PUNCT
framr-1721	440	3	m.	m.	NOUN
framr-1721	440	4	,	,	PUNCT
framr-1721	440	5	r.s	r.s	PROPN
framr-1721	440	6	.	.	PROPN
framr-1721	440	7	ruback	ruback	PROPN
framr-1721	440	8	and	and	CCONJ
framr-1721	440	9	j.	j.	PROPN
framr-1721	440	10	wurgler	wurgler	PROPN
framr-1721	440	11	,	,	PUNCT
framr-1721	440	12	2004	2004	NUM
framr-1721	440	13	.	.	PUNCT
framr-1721	441	1	behavioral	behavioral	ADJ
framr-1721	441	2	corporate	corporate	ADJ
framr-1721	441	3	finance	finance	NOUN
framr-1721	441	4	:	:	PUNCT
framr-1721	441	5	a	a	DET
framr-1721	441	6	survey	survey	NOUN
framr-1721	441	7	.	.	PUNCT
framr-1721	442	1	ssrn	ssrn	NOUN
framr-1721	442	2	,	,	PUNCT
framr-1721	442	3	à	à	X
framr-1721	442	4	paraître	paraître	X
framr-1721	442	5	(	(	PUNCT
framr-1721	442	6	2005	2005	NUM
framr-1721	442	7	)	)	PUNCT
framr-1721	442	8	.	.	PUNCT
framr-1721	443	1	in	in	ADP
framr-1721	443	2	b.	b.	PROPN
framr-1721	443	3	eckbo	eckbo	PROPN
framr-1721	443	4	(	(	PUNCT
framr-1721	443	5	eds	ed	NOUN
framr-1721	443	6	)	)	PUNCT
framr-1721	443	7	.	.	PUNCT
framr-1721	444	1	handbook	handbook	NOUN
framr-1721	444	2	of	of	ADP
framr-1721	444	3	corporate	corporate	ADJ
framr-1721	444	4	finance	finance	NOUN
framr-1721	444	5	:	:	PUNCT
framr-1721	444	6	empirical	empirical	ADJ
framr-1721	444	7	corporate	corporate	ADJ
framr-1721	444	8	finance	finance	NOUN
framr-1721	444	9	.	.	PUNCT
framr-1721	445	1	barclay	barclay	PROPN
framr-1721	445	2	,	,	PUNCT
framr-1721	445	3	m.	m.	NOUN
framr-1721	445	4	and	and	CCONJ
framr-1721	445	5	c.w	c.w	PROPN
framr-1721	445	6	.	.	PROPN
framr-1721	445	7	smith	smith	PROPN
framr-1721	445	8	,	,	PUNCT
framr-1721	445	9	1995	1995	NUM
framr-1721	445	10	.	.	PUNCT
framr-1721	446	1	the	the	DET
framr-1721	446	2	maturity	maturity	NOUN
framr-1721	446	3	structure	structure	NOUN
framr-1721	446	4	of	of	ADP
framr-1721	446	5	corporate	corporate	ADJ
framr-1721	446	6	debt	debt	NOUN
framr-1721	446	7	.	.	PUNCT
framr-1721	447	1	journal	journal	PROPN
framr-1721	447	2	of	of	ADP
framr-1721	447	3	finance	finance	NOUN
framr-1721	447	4	,	,	PUNCT
framr-1721	447	5	50(2	50(2	NUM
framr-1721	447	6	):	):	PUNCT
framr-1721	447	7	609631	609631	NUM
framr-1721	447	8	.	.	PUNCT
framr-1721	448	1	ben	ben	PROPN
framr-1721	448	2	-	-	PUNCT
framr-1721	448	3	david	david	PROPN
framr-1721	448	4	,	,	PUNCT
framr-1721	448	5	i.	i.	PROPN
framr-1721	448	6	,	,	PUNCT
framr-1721	448	7	j.	j.	PROPN
framr-1721	448	8	graham	graham	PROPN
framr-1721	448	9	and	and	CCONJ
framr-1721	448	10	c.	c.	PROPN
framr-1721	448	11	harvey	harvey	PROPN
framr-1721	448	12	,	,	PUNCT
framr-1721	448	13	2007	2007	NUM
framr-1721	448	14	.	.	PUNCT
framr-1721	449	1	managerial	managerial	ADJ
framr-1721	449	2	overconfidence	overconfidence	NOUN
framr-1721	449	3	and	and	CCONJ
framr-1721	449	4	corporate	corporate	ADJ
framr-1721	449	5	policies	policy	NOUN
framr-1721	449	6	,	,	PUNCT
framr-1721	449	7	afa	afa	PROPN
framr-1721	449	8	2007	2007	NUM
framr-1721	449	9	.	.	PUNCT
framr-1721	450	1	chicago	chicago	PROPN
framr-1721	450	2	meetings	meetings	PROPN
framr-1721	450	3	paper	paper	NOUN
framr-1721	450	4	.	.	PUNCT
framr-1721	451	1	ben	ben	PROPN
framr-1721	451	2	-	-	PUNCT
framr-1721	451	3	david	david	PROPN
framr-1721	451	4	,	,	PUNCT
framr-1721	451	5	s.	s.	PROPN
framr-1721	451	6	,	,	PUNCT
framr-1721	451	7	j.	j.	PROPN
framr-1721	451	8	blitzer	blitzer	PROPN
framr-1721	451	9	,	,	PUNCT
framr-1721	451	10	k.	k.	PROPN
framr-1721	451	11	crammer	crammer	PROPN
framr-1721	451	12	,	,	PUNCT
framr-1721	451	13	a.	a.	PROPN
framr-1721	451	14	kulesza	kulesza	PROPN
framr-1721	451	15	,	,	PUNCT
framr-1721	451	16	f.	f.	PROPN
framr-1721	451	17	pereira	pereira	PROPN
framr-1721	451	18	and	and	CCONJ
framr-1721	451	19	j.	j.	PROPN
framr-1721	451	20	vaughan	vaughan	PROPN
framr-1721	451	21	,	,	PUNCT
framr-1721	451	22	2010	2010	NUM
framr-1721	451	23	.	.	PUNCT
framr-1721	452	1	a	a	DET
framr-1721	452	2	theory	theory	NOUN
framr-1721	452	3	of	of	ADP
framr-1721	452	4	learning	learn	VERB
framr-1721	452	5	from	from	ADP
framr-1721	452	6	different	different	ADJ
framr-1721	452	7	domains	domain	NOUN
framr-1721	452	8	.	.	PUNCT
framr-1721	452	9	machine	machine	NOUN
framr-1721	452	10	learning	learning	PROPN
framr-1721	452	11	journal	journal	NOUN
framr-1721	452	12	,	,	PUNCT
framr-1721	452	13	79(1	79(1	NUM
framr-1721	452	14	,	,	PUNCT
framr-1721	452	15	2	2	NUM
framr-1721	452	16	):	):	PUNCT
framr-1721	452	17	151	151	NUM
framr-1721	452	18	-	-	SYM
framr-1721	452	19	175	175	NUM
framr-1721	452	20	.	.	PUNCT
framr-1721	452	21	bernardo	bernardo	PROPN
framr-1721	452	22	,	,	PUNCT
framr-1721	452	23	a.	a.	NOUN
framr-1721	452	24	and	and	CCONJ
framr-1721	452	25	i.	i.	PROPN
framr-1721	452	26	welch	welch	PROPN
framr-1721	452	27	,	,	PUNCT
framr-1721	452	28	2001	2001	NUM
framr-1721	452	29	.	.	PUNCT
framr-1721	453	1	on	on	ADP
framr-1721	453	2	the	the	DET
framr-1721	453	3	evolution	evolution	NOUN
framr-1721	453	4	of	of	ADP
framr-1721	453	5	overconfidence	overconfidence	NOUN
framr-1721	453	6	and	and	CCONJ
framr-1721	453	7	entrepreneurs	entrepreneur	NOUN
framr-1721	453	8	.	.	PUNCT
framr-1721	454	1	journal	journal	PROPN
framr-1721	454	2	of	of	ADP
framr-1721	454	3	economics	economics	PROPN
framr-1721	454	4	&	&	CCONJ
framr-1721	454	5	management	management	NOUN
framr-1721	454	6	strategy	strategy	NOUN
framr-1721	454	7	,	,	PUNCT
framr-1721	454	8	10(3	10(3	NUM
framr-1721	454	9	):	):	PUNCT
framr-1721	454	10	301	301	NUM
framr-1721	454	11	-	-	SYM
framr-1721	454	12	330	330	NUM
framr-1721	454	13	.	.	PUNCT
framr-1721	455	1	bertrand	bertrand	PROPN
framr-1721	455	2	,	,	PUNCT
framr-1721	455	3	m.	m.	NOUN
framr-1721	455	4	and	and	CCONJ
framr-1721	455	5	s.	s.	PROPN
framr-1721	455	6	mullainathan	mullainathan	PROPN
framr-1721	455	7	,	,	PUNCT
framr-1721	455	8	2003	2003	NUM
framr-1721	455	9	.	.	PUNCT
framr-1721	456	1	enjoying	enjoy	VERB
framr-1721	456	2	the	the	DET
framr-1721	456	3	quiet	quiet	ADJ
framr-1721	456	4	life	life	NOUN
framr-1721	456	5	?	?	PUNCT
framr-1721	457	1	corporate	corporate	ADJ
framr-1721	457	2	governance	governance	NOUN
framr-1721	457	3	and	and	CCONJ
framr-1721	457	4	managerial	managerial	ADJ
framr-1721	457	5	preferences	preference	NOUN
framr-1721	457	6	.	.	PUNCT
framr-1721	458	1	journal	journal	NOUN
framr-1721	458	2	of	of	ADP
framr-1721	458	3	political	political	ADJ
framr-1721	458	4	economy	economy	NOUN
framr-1721	458	5	,	,	PUNCT
framr-1721	458	6	111(5	111(5	NUM
framr-1721	458	7	):	):	PUNCT
framr-1721	458	8	1043	1043	NUM
framr-1721	458	9	-	-	SYM
framr-1721	458	10	1075	1075	NUM
framr-1721	458	11	.	.	PUNCT
framr-1721	459	1	bertrand	bertrand	PROPN
framr-1721	459	2	,	,	PUNCT
framr-1721	459	3	m.	m.	NOUN
framr-1721	459	4	and	and	CCONJ
framr-1721	459	5	a.	a.	NOUN
framr-1721	459	6	schoar	schoar	PROPN
framr-1721	459	7	,	,	PUNCT
framr-1721	459	8	2003	2003	NUM
framr-1721	459	9	.	.	PUNCT
framr-1721	460	1	managing	manage	VERB
framr-1721	460	2	with	with	ADP
framr-1721	460	3	style	style	NOUN
framr-1721	460	4	:	:	PUNCT
framr-1721	460	5	the	the	DET
framr-1721	460	6	effect	effect	NOUN
framr-1721	460	7	of	of	ADP
framr-1721	460	8	managers	manager	NOUN
framr-1721	460	9	on	on	ADP
framr-1721	460	10	corporate	corporate	ADJ
framr-1721	460	11	policy	policy	NOUN
framr-1721	460	12	,	,	PUNCT
framr-1721	460	13	joint	joint	ADJ
framr-1721	460	14	with	with	ADP
framr-1721	460	15	marianne	marianne	PROPN
framr-1721	460	16	bertrand	bertrand	PROPN
framr-1721	460	17	.	.	PUNCT
framr-1721	461	1	quarterly	quarterly	ADJ
framr-1721	461	2	journal	journal	NOUN
framr-1721	461	3	of	of	ADP
framr-1721	461	4	economics	economic	NOUN
framr-1721	461	5	,	,	PUNCT
framr-1721	461	6	118(4	118(4	NUM
framr-1721	461	7	):	):	PUNCT
framr-1721	461	8	1169	1169	NUM
framr-1721	461	9	-	-	SYM
framr-1721	461	10	1208	1208	NUM
framr-1721	461	11	.	.	PUNCT
framr-1721	462	1	booth	booth	PROPN
framr-1721	462	2	,	,	PUNCT
framr-1721	462	3	l.	l.	PROPN
framr-1721	462	4	,	,	PUNCT
framr-1721	462	5	v.	v.	PROPN
framr-1721	462	6	aivazian	aivazian	ADJ
framr-1721	462	7	,	,	PUNCT
framr-1721	462	8	a.	a.	PROPN
framr-1721	462	9	demirguc	demirguc	PROPN
framr-1721	462	10	-	-	PUNCT
framr-1721	462	11	kunt	kunt	PROPN
framr-1721	462	12	and	and	CCONJ
framr-1721	462	13	v.	v.	ADP
framr-1721	462	14	maksimovic	maksimovic	ADJ
framr-1721	462	15	,	,	PUNCT
framr-1721	462	16	2001	2001	NUM
framr-1721	462	17	.	.	PUNCT
framr-1721	463	1	capital	capital	NOUN
framr-1721	463	2	structure	structure	NOUN
framr-1721	463	3	in	in	ADP
framr-1721	463	4	developing	develop	VERB
framr-1721	463	5	countries	country	NOUN
framr-1721	463	6	.	.	PUNCT
framr-1721	464	1	journal	journal	PROPN
framr-1721	464	2	of	of	ADP
framr-1721	464	3	finance	finance	NOUN
framr-1721	464	4	,	,	PUNCT
framr-1721	464	5	56(1	56(1	NUM
framr-1721	464	6	):	):	PUNCT
framr-1721	464	7	87	87	NUM
framr-1721	464	8	-	-	SYM
framr-1721	464	9	130	130	NUM
framr-1721	464	10	.	.	PUNCT
framr-1721	465	1	bujadi	bujadi	NOUN
framr-1721	465	2	,	,	PUNCT
framr-1721	465	3	m.l	m.l	PROPN
framr-1721	465	4	.	.	PROPN
framr-1721	465	5	and	and	CCONJ
framr-1721	465	6	a.j	a.j	PROPN
framr-1721	465	7	.	.	PROPN
framr-1721	465	8	richardson	richardson	PROPN
framr-1721	465	9	,	,	PUNCT
framr-1721	465	10	1997	1997	NUM
framr-1721	465	11	.	.	PUNCT
framr-1721	466	1	a	a	DET
framr-1721	466	2	citation	citation	NOUN
framr-1721	466	3	trail	trail	NOUN
framr-1721	466	4	review	review	NOUN
framr-1721	466	5	of	of	ADP
framr-1721	466	6	the	the	DET
framr-1721	466	7	uses	use	NOUN
framr-1721	466	8	of	of	ADP
framr-1721	466	9	firme	firme	ADJ
framr-1721	466	10	size	size	NOUN
framr-1721	466	11	in	in	ADP
framr-1721	466	12	accounting	accounting	NOUN
framr-1721	466	13	research	research	NOUN
framr-1721	466	14	.	.	PUNCT
framr-1721	467	1	journal	journal	NOUN
framr-1721	467	2	of	of	ADP
framr-1721	467	3	accounting	accounting	NOUN
framr-1721	467	4	literature	literature	NOUN
framr-1721	467	5	,	,	PUNCT
framr-1721	467	6	16	16	NUM
framr-1721	467	7	:	:	SYM
framr-1721	467	8	1	1	NUM
framr-1721	467	9	-	-	SYM
framr-1721	467	10	27	27	NUM
framr-1721	467	11	.	.	PUNCT
framr-1721	468	1	bushman	bushman	PROPN
framr-1721	468	2	,	,	PUNCT
framr-1721	468	3	r.	r.	PROPN
framr-1721	468	4	,	,	PUNCT
framr-1721	468	5	j.	j.	PROPN
framr-1721	468	6	piotroski	piotroski	PROPN
framr-1721	468	7	and	and	CCONJ
framr-1721	468	8	a.	a.	PROPN
framr-1721	468	9	smith	smith	PROPN
framr-1721	468	10	,	,	PUNCT
framr-1721	468	11	2004	2004	NUM
framr-1721	468	12	.	.	PUNCT
framr-1721	469	1	what	what	PRON
framr-1721	469	2	determines	determine	VERB
framr-1721	469	3	corporate	corporate	ADJ
framr-1721	469	4	transparency	transparency	NOUN
framr-1721	469	5	?	?	PUNCT
framr-1721	470	1	journal	journal	NOUN
framr-1721	470	2	of	of	ADP
framr-1721	470	3	accounting	accounting	NOUN
framr-1721	470	4	research	research	NOUN
framr-1721	470	5	,	,	PUNCT
framr-1721	470	6	42(2	42(2	NUM
framr-1721	470	7	):	):	PUNCT
framr-1721	470	8	207–252	207–252	NUM
framr-1721	470	9	.	.	PUNCT
framr-1721	471	1	cazavan	cazavan	NOUN
framr-1721	471	2	-	-	PUNCT
framr-1721	471	3	jeny	jeny	PROPN
framr-1721	471	4	,	,	PUNCT
framr-1721	471	5	a.	a.	NOUN
framr-1721	471	6	,	,	PUNCT
framr-1721	471	7	2004	2004	NUM
framr-1721	471	8	.	.	PUNCT
framr-1721	472	1	le	le	PROPN
framr-1721	472	2	ratio	ratio	NOUN
framr-1721	472	3	market	market	NOUN
framr-1721	472	4	-	-	PUNCT
framr-1721	472	5	to	to	ADP
framr-1721	472	6	-	-	PUNCT
framr-1721	472	7	book	book	NOUN
framr-1721	472	8	et	et	NOUN
framr-1721	472	9	la	la	PROPN
framr-1721	472	10	reconnaissance	reconnaissance	PROPN
framr-1721	472	11	des	des	PROPN
framr-1721	472	12	immatérielsune	immatérielsune	PROPN
framr-1721	472	13	étude	étude	PROPN
framr-1721	472	14	du	du	PROPN
framr-1721	472	15	marché	marché	PROPN
framr-1721	472	16	français	français	PROPN
framr-1721	472	17	.	.	PUNCT
framr-1721	472	18	comptabilité	comptabilité	PROPN
framr-1721	472	19	contrôle	contrôle	PROPN
framr-1721	472	20	audit	audit	NOUN
framr-1721	472	21	,	,	PUNCT
framr-1721	472	22	10(2	10(2	NUM
framr-1721	472	23	):	):	PUNCT
framr-1721	472	24	99	99	NUM
framr-1721	472	25	-	-	SYM
framr-1721	472	26	124	124	NUM
framr-1721	472	27	.	.	PUNCT
framr-1721	473	1	chang	chang	PROPN
framr-1721	473	2	,	,	PUNCT
framr-1721	473	3	c.	c.	PROPN
framr-1721	473	4	,	,	PUNCT
framr-1721	473	5	a.c	a.c	PROPN
framr-1721	473	6	.	.	PROPN
framr-1721	473	7	lee	lee	PROPN
framr-1721	473	8	and	and	CCONJ
framr-1721	473	9	c.f	c.f	PROPN
framr-1721	473	10	.	.	PROPN
framr-1721	473	11	lee	lee	PROPN
framr-1721	473	12	,	,	PUNCT
framr-1721	473	13	2009	2009	NUM
framr-1721	473	14	.	.	PUNCT
framr-1721	474	1	determinants	determinant	NOUN
framr-1721	474	2	of	of	ADP
framr-1721	474	3	capital	capital	NOUN
framr-1721	474	4	structure	structure	NOUN
framr-1721	474	5	choice	choice	NOUN
framr-1721	474	6	:	:	PUNCT
framr-1721	474	7	a	a	DET
framr-1721	474	8	structural	structural	ADJ
framr-1721	474	9	equation	equation	NOUN
framr-1721	474	10	modelling	model	VERB
framr-1721	474	11	approach	approach	NOUN
framr-1721	474	12	.	.	PUNCT
framr-1721	475	1	quarterly	quarterly	ADJ
framr-1721	475	2	review	review	NOUN
framr-1721	475	3	of	of	ADP
framr-1721	475	4	economics	economic	NOUN
framr-1721	475	5	and	and	CCONJ
framr-1721	475	6	finance	finance	NOUN
framr-1721	475	7	,	,	PUNCT
framr-1721	475	8	49(2	49(2	NUM
framr-1721	475	9	):	):	PUNCT
framr-1721	475	10	197	197	NUM
framr-1721	475	11	-	-	SYM
framr-1721	475	12	213	213	NUM
framr-1721	475	13	.	.	PUNCT
framr-1721	476	1	chtourou	chtourou	PROPN
framr-1721	476	2	,	,	PUNCT
framr-1721	476	3	s.	s.	PROPN
framr-1721	476	4	,	,	PUNCT
framr-1721	476	5	j.	j.	PROPN
framr-1721	476	6	bédard	bédard	PROPN
framr-1721	476	7	and	and	CCONJ
framr-1721	476	8	l.	l.	PROPN
framr-1721	476	9	couteau	couteau	PROPN
framr-1721	476	10	,	,	PUNCT
framr-1721	476	11	2001	2001	NUM
framr-1721	476	12	.	.	PUNCT
framr-1721	477	1	corporate	corporate	ADJ
framr-1721	477	2	governance	governance	NOUN
framr-1721	477	3	and	and	CCONJ
framr-1721	477	4	earning	earn	VERB
framr-1721	477	5	management	management	NOUN
framr-1721	477	6	.	.	PUNCT
framr-1721	478	1	working	work	VERB
framr-1721	478	2	paper	paper	NOUN
framr-1721	478	3	,	,	PUNCT
framr-1721	478	4	laval	laval	PROPN
framr-1721	478	5	university	university	PROPN
framr-1721	478	6	.	.	PUNCT
framr-1721	479	1	chung	chung	PROPN
framr-1721	479	2	,	,	PUNCT
framr-1721	479	3	k.	k.	PROPN
framr-1721	479	4	and	and	CCONJ
framr-1721	479	5	s.a	s.a	PROPN
framr-1721	479	6	.	.	PROPN
framr-1721	479	7	pruitt	pruitt	PROPN
framr-1721	479	8	,	,	PUNCT
framr-1721	479	9	1994	1994	NUM
framr-1721	479	10	.	.	PUNCT
framr-1721	480	1	a	a	DET
framr-1721	480	2	simple	simple	ADJ
framr-1721	480	3	approximation	approximation	NOUN
framr-1721	480	4	of	of	ADP
framr-1721	480	5	tobin	tobin	PROPN
framr-1721	480	6	’s	’s	PART
framr-1721	480	7	q.	q.	PROPN
framr-1721	480	8	financial	financial	PROPN
framr-1721	480	9	management	management	NOUN
framr-1721	480	10	,	,	PUNCT
framr-1721	480	11	23(3	23(3	NUM
framr-1721	480	12	):	):	PUNCT
framr-1721	480	13	70	70	NUM
framr-1721	480	14	-	-	SYM
framr-1721	480	15	74	74	NUM
framr-1721	480	16	.	.	PUNCT
framr-1721	481	1	cliche	cliche	NOUN
framr-1721	481	2	,	,	PUNCT
framr-1721	481	3	a.	a.	NOUN
framr-1721	481	4	,	,	PUNCT
framr-1721	481	5	2000	2000	NUM
framr-1721	481	6	.	.	PUNCT
framr-1721	482	1	les	le	NOUN
framr-1721	482	2	déterminants	déterminant	NOUN
framr-1721	482	3	de	de	X
framr-1721	482	4	la	la	X
framr-1721	482	5	gestion	gestion	X
framr-1721	482	6	des	des	X
framr-1721	482	7	risques	risques	PROPN
framr-1721	482	8	par	par	PROPN
framr-1721	482	9	les	les	X
framr-1721	482	10	entreprises	entreprises	X
framr-1721	482	11	non	non	X
framr-1721	482	12	financières	financière	NOUN
framr-1721	482	13	:	:	PUNCT
framr-1721	482	14	une	une	PROPN
framr-1721	482	15	revue	revue	PROPN
framr-1721	482	16	de	de	X
framr-1721	482	17	la	la	X
framr-1721	482	18	littérature	littérature	NOUN
framr-1721	482	19	.	.	PUNCT
framr-1721	483	1	cahier	cahier	PROPN
framr-1721	483	2	de	de	X
framr-1721	483	3	recherche	recherche	PROPN
framr-1721	483	4	:	:	PUNCT
framr-1721	483	5	1206	1206	NUM
framr-1721	483	6	-	-	SYM
framr-1721	483	7	3290	3290	NUM
framr-1721	483	8	.	.	PUNCT
framr-1721	484	1	financial	financial	ADJ
framr-1721	484	2	risk	risk	NOUN
framr-1721	484	3	and	and	CCONJ
framr-1721	484	4	management	management	NOUN
framr-1721	484	5	reviews	review	NOUN
framr-1721	484	6	,	,	PUNCT
framr-1721	484	7	2016	2016	NUM
framr-1721	484	8	,	,	PUNCT
framr-1721	484	9	2(1	2(1	NUM
framr-1721	484	10	):	):	PUNCT
framr-1721	484	11	1	1	NUM
framr-1721	484	12	-	-	SYM
framr-1721	484	13	25	25	NUM
framr-1721	484	14	23	23	NUM
framr-1721	484	15	©	©	PROPN
framr-1721	484	16	2016	2016	NUM
framr-1721	484	17	conscientia	conscientia	PROPN
framr-1721	484	18	beam	beam	PROPN
framr-1721	484	19	.	.	PUNCT
framr-1721	485	1	all	all	DET
framr-1721	485	2	rights	right	NOUN
framr-1721	485	3	reserved	reserve	VERB
framr-1721	485	4	.	.	PUNCT
framr-1721	486	1	cockburn	cockburn	NOUN
framr-1721	486	2	,	,	PUNCT
framr-1721	486	3	i.	i.	PROPN
framr-1721	486	4	and	and	CCONJ
framr-1721	486	5	z.	z.	PROPN
framr-1721	486	6	griliches	griliche	NOUN
framr-1721	486	7	,	,	PUNCT
framr-1721	486	8	1988	1988	NUM
framr-1721	486	9	.	.	PUNCT
framr-1721	487	1	industry	industry	NOUN
framr-1721	487	2	effects	effect	NOUN
framr-1721	487	3	and	and	CCONJ
framr-1721	487	4	appropriability	appropriability	NOUN
framr-1721	487	5	measures	measure	NOUN
framr-1721	487	6	in	in	ADP
framr-1721	487	7	the	the	DET
framr-1721	487	8	stock	stock	NOUN
framr-1721	487	9	market	market	NOUN
framr-1721	487	10	.	.	PUNCT
framr-1721	488	1	american	american	PROPN
framr-1721	488	2	economic	economic	PROPN
framr-1721	488	3	review	review	PROPN
framr-1721	488	4	,	,	PUNCT
framr-1721	488	5	78(2	78(2	NUM
framr-1721	488	6	):	):	PUNCT
framr-1721	488	7	419	419	NUM
framr-1721	488	8	-	-	SYM
framr-1721	488	9	424	424	NUM
framr-1721	488	10	.	.	PUNCT
framr-1721	488	11	draief	draief	PROPN
framr-1721	488	12	,	,	PUNCT
framr-1721	488	13	s.	s.	PROPN
framr-1721	488	14	,	,	PUNCT
framr-1721	488	15	2010	2010	NUM
framr-1721	488	16	.	.	PUNCT
framr-1721	489	1	structure	structure	NOUN
framr-1721	489	2	financière	financière	PROPN
framr-1721	489	3	,	,	PUNCT
framr-1721	489	4	gestion	gestion	PROPN
framr-1721	489	5	des	des	X
framr-1721	489	6	résultats	résultat	NOUN
framr-1721	489	7	et	et	PROPN
framr-1721	489	8	caractéristiques	caractéristique	VERB
framr-1721	489	9	de	de	X
framr-1721	489	10	la	la	X
framr-1721	489	11	firme	firme	PROPN
framr-1721	489	12	.	.	PROPN
framr-1721	489	13	comptabilité	comptabilité	PROPN
framr-1721	489	14	,	,	PUNCT
framr-1721	489	15	contrôle	contrôle	NOUN
framr-1721	489	16	,	,	PUNCT
framr-1721	489	17	audit	audit	NOUN
framr-1721	489	18	et	et	NOUN
framr-1721	489	19	institutions	institution	NOUN
framr-1721	489	20	,	,	PUNCT
framr-1721	489	21	halshs-00578113	halshs-00578113	PROPN
framr-1721	489	22	.	.	PUNCT
framr-1721	490	1	dufour	dufour	PROPN
framr-1721	490	2	,	,	PUNCT
framr-1721	490	3	d.	d.	PROPN
framr-1721	490	4	and	and	CCONJ
framr-1721	490	5	e.	e.	PROPN
framr-1721	490	6	molay	molay	PROPN
framr-1721	490	7	,	,	PUNCT
framr-1721	490	8	2010	2010	NUM
framr-1721	490	9	.	.	PUNCT
framr-1721	491	1	la	la	PROPN
framr-1721	491	2	structure	structure	PROPN
framr-1721	491	3	financière	financière	PROPN
framr-1721	491	4	des	des	PROPN
framr-1721	491	5	pme	pme	PROPN
framr-1721	491	6	françaises	françaises	PROPN
framr-1721	491	7	:	:	PUNCT
framr-1721	491	8	une	une	PROPN
framr-1721	491	9	analyse	analyse	PROPN
framr-1721	491	10	sectorielle	sectorielle	VERB
framr-1721	491	11	sur	sur	PROPN
framr-1721	491	12	données	données	PROPN
framr-1721	491	13	de	de	PROPN
framr-1721	491	14	panel	panel	PROPN
framr-1721	491	15	,	,	PUNCT
framr-1721	491	16	manuscrit	manuscrit	PROPN
framr-1721	491	17	auteur	auteur	PROPN
framr-1721	491	18	,	,	PUNCT
framr-1721	491	19	publié	publié	PROPN
framr-1721	491	20	dans	dans	PROPN
framr-1721	491	21	crises	crise	VERB
framr-1721	491	22	et	et	PROPN
framr-1721	491	23	nouvelles	nouvelle	VERB
framr-1721	491	24	problématique	problématique	ADJ
framr-1721	491	25	de	de	X
framr-1721	491	26	la	la	PROPN
framr-1721	491	27	valeur	valeur	PROPN
framr-1721	491	28	,	,	PUNCT
framr-1721	491	29	nice	nice	ADJ
framr-1721	491	30	,	,	PUNCT
framr-1721	491	31	hal-00479529	hal-00479529	NOUN
framr-1721	491	32	.	.	PUNCT
framr-1721	492	1	fama	fama	PROPN
framr-1721	492	2	,	,	PUNCT
framr-1721	492	3	e.f	e.f	PROPN
framr-1721	492	4	.	.	PROPN
framr-1721	492	5	and	and	CCONJ
framr-1721	492	6	k.r	k.r	PROPN
framr-1721	492	7	.	.	PROPN
framr-1721	492	8	french	french	PROPN
framr-1721	492	9	,	,	PUNCT
framr-1721	492	10	2002	2002	NUM
framr-1721	492	11	.	.	PUNCT
framr-1721	493	1	testing	test	VERB
framr-1721	493	2	tradeoff	tradeoff	NOUN
framr-1721	493	3	and	and	CCONJ
framr-1721	493	4	pecking	pecking	NOUN
framr-1721	493	5	order	order	NOUN
framr-1721	493	6	predictions	prediction	NOUN
framr-1721	493	7	about	about	ADP
framr-1721	493	8	dividends	dividend	NOUN
framr-1721	493	9	and	and	CCONJ
framr-1721	493	10	debt	debt	NOUN
framr-1721	493	11	.	.	PUNCT
framr-1721	494	1	review	review	NOUN
framr-1721	494	2	of	of	ADP
framr-1721	494	3	financial	financial	ADJ
framr-1721	494	4	studies	study	NOUN
framr-1721	494	5	,	,	PUNCT
framr-1721	494	6	15(1	15(1	NUM
framr-1721	494	7	):	):	PUNCT
framr-1721	494	8	1	1	NUM
framr-1721	494	9	-	-	SYM
framr-1721	494	10	33	33	NUM
framr-1721	494	11	.	.	PUNCT
framr-1721	495	1	fama	fama	PROPN
framr-1721	495	2	,	,	PUNCT
framr-1721	495	3	e.f	e.f	PROPN
framr-1721	495	4	.	.	PROPN
framr-1721	495	5	and	and	CCONJ
framr-1721	495	6	m.c	m.c	PROPN
framr-1721	495	7	.	.	PROPN
framr-1721	495	8	jensen	jensen	PROPN
framr-1721	495	9	,	,	PUNCT
framr-1721	495	10	1983	1983	NUM
framr-1721	495	11	.	.	PUNCT
framr-1721	496	1	separation	separation	NOUN
framr-1721	496	2	of	of	ADP
framr-1721	496	3	ownership	ownership	NOUN
framr-1721	496	4	and	and	CCONJ
framr-1721	496	5	control	control	NOUN
framr-1721	496	6	.	.	PUNCT
framr-1721	497	1	journal	journal	PROPN
framr-1721	497	2	of	of	ADP
framr-1721	497	3	law	law	NOUN
framr-1721	497	4	and	and	CCONJ
framr-1721	497	5	economics	economic	NOUN
framr-1721	497	6	,	,	PUNCT
framr-1721	497	7	26(2	26(2	NUM
framr-1721	497	8	):	):	PUNCT
framr-1721	497	9	301	301	NUM
framr-1721	497	10	-	-	SYM
framr-1721	497	11	325	325	NUM
framr-1721	497	12	.	.	PUNCT
framr-1721	498	1	forker	forker	PROPN
framr-1721	498	2	,	,	PUNCT
framr-1721	498	3	j.j	j.j	PROPN
framr-1721	498	4	.	.	PROPN
framr-1721	498	5	,	,	PUNCT
framr-1721	498	6	1992	1992	NUM
framr-1721	498	7	.	.	PUNCT
framr-1721	499	1	corporate	corporate	ADJ
framr-1721	499	2	governance	governance	NOUN
framr-1721	499	3	and	and	CCONJ
framr-1721	499	4	disclosure	disclosure	NOUN
framr-1721	499	5	quality	quality	NOUN
framr-1721	499	6	.	.	PUNCT
framr-1721	500	1	accounting	accounting	NOUN
framr-1721	500	2	and	and	CCONJ
framr-1721	500	3	business	business	NOUN
framr-1721	500	4	research	research	NOUN
framr-1721	500	5	,	,	PUNCT
framr-1721	500	6	22(86	22(86	NUM
framr-1721	500	7	):	):	PUNCT
framr-1721	500	8	111	111	NUM
framr-1721	500	9	-	-	SYM
framr-1721	500	10	124	124	NUM
framr-1721	500	11	.	.	PUNCT
framr-1721	501	1	frank	frank	PROPN
framr-1721	501	2	,	,	PUNCT
framr-1721	501	3	m.	m.	NOUN
framr-1721	501	4	and	and	CCONJ
framr-1721	501	5	v.	v.	ADP
framr-1721	501	6	goyal	goyal	PROPN
framr-1721	501	7	,	,	PUNCT
framr-1721	501	8	2007	2007	NUM
framr-1721	501	9	.	.	PUNCT
framr-1721	502	1	trade	trade	NOUN
framr-1721	502	2	-	-	PUNCT
framr-1721	502	3	off	off	NOUN
framr-1721	502	4	and	and	CCONJ
framr-1721	502	5	pecking	pecking	NOUN
framr-1721	502	6	order	order	NOUN
framr-1721	502	7	theories	theory	NOUN
framr-1721	502	8	of	of	ADP
framr-1721	502	9	debt	debt	NOUN
framr-1721	502	10	.	.	PUNCT
framr-1721	503	1	working	work	VERB
framr-1721	503	2	paper	paper	NOUN
framr-1721	503	3	,	,	PUNCT
framr-1721	503	4	tuck	tuck	NOUN
framr-1721	503	5	school	school	NOUN
framr-1721	503	6	of	of	ADP
framr-1721	503	7	business	business	NOUN
framr-1721	503	8	at	at	ADP
framr-1721	503	9	dartmouth	dartmouth	PROPN
framr-1721	503	10	.	.	PUNCT
framr-1721	504	1	gervais	gervais	PROPN
framr-1721	504	2	,	,	PUNCT
framr-1721	504	3	s.	s.	PROPN
framr-1721	504	4	,	,	PUNCT
framr-1721	504	5	j.b	j.b	PROPN
framr-1721	504	6	.	.	PROPN
framr-1721	504	7	heaton	heaton	PROPN
framr-1721	504	8	and	and	CCONJ
framr-1721	504	9	t.	t.	PROPN
framr-1721	504	10	odean	odean	PROPN
framr-1721	504	11	,	,	PUNCT
framr-1721	504	12	2002	2002	NUM
framr-1721	504	13	.	.	PUNCT
framr-1721	505	1	the	the	DET
framr-1721	505	2	positive	positive	ADJ
framr-1721	505	3	role	role	NOUN
framr-1721	505	4	of	of	ADP
framr-1721	505	5	overconfidence	overconfidence	NOUN
framr-1721	505	6	and	and	CCONJ
framr-1721	505	7	optimism	optimism	NOUN
framr-1721	505	8	in	in	ADP
framr-1721	505	9	investment	investment	NOUN
framr-1721	505	10	policy	policy	NOUN
framr-1721	505	11	.	.	PUNCT
framr-1721	506	1	mimeo	mimeo	NOUN
framr-1721	506	2	:	:	PUNCT
framr-1721	506	3	university	university	NOUN
framr-1721	506	4	of	of	ADP
framr-1721	506	5	california	california	PROPN
framr-1721	506	6	,	,	PUNCT
framr-1721	506	7	berkeley	berkeley	PROPN
framr-1721	506	8	.	.	PUNCT
framr-1721	507	1	goel	goel	PROPN
framr-1721	507	2	,	,	PUNCT
framr-1721	507	3	a.m.	a.m.	PROPN
framr-1721	507	4	and	and	CCONJ
framr-1721	507	5	a.v	a.v	PROPN
framr-1721	507	6	.	.	PROPN
framr-1721	507	7	thakor	thakor	PROPN
framr-1721	507	8	,	,	PUNCT
framr-1721	507	9	2008	2008	NUM
framr-1721	507	10	.	.	PUNCT
framr-1721	508	1	overconfidence	overconfidence	NOUN
framr-1721	508	2	,	,	PUNCT
framr-1721	508	3	ceo	ceo	NOUN
framr-1721	508	4	selection	selection	NOUN
framr-1721	508	5	,	,	PUNCT
framr-1721	508	6	and	and	CCONJ
framr-1721	508	7	corporate	corporate	ADJ
framr-1721	508	8	governance	governance	NOUN
framr-1721	508	9	.	.	PUNCT
framr-1721	509	1	journal	journal	NOUN
framr-1721	509	2	of	of	ADP
framr-1721	509	3	finance	finance	PROPN
framr-1721	509	4	,	,	PUNCT
framr-1721	509	5	63(6	63(6	PROPN
framr-1721	509	6	):	):	PUNCT
framr-1721	509	7	2737–2784	2737–2784	NUM
framr-1721	509	8	.	.	PUNCT
framr-1721	510	1	graham	graham	PROPN
framr-1721	510	2	,	,	PUNCT
framr-1721	510	3	j.r	j.r	PROPN
framr-1721	510	4	.	.	PROPN
framr-1721	510	5	,	,	PUNCT
framr-1721	510	6	2000	2000	NUM
framr-1721	510	7	.	.	PUNCT
framr-1721	511	1	how	how	SCONJ
framr-1721	511	2	big	big	ADJ
framr-1721	511	3	are	be	AUX
framr-1721	511	4	the	the	DET
framr-1721	511	5	tax	tax	NOUN
framr-1721	511	6	benefits	benefit	NOUN
framr-1721	511	7	of	of	ADP
framr-1721	511	8	debt	debt	NOUN
framr-1721	511	9	.	.	PUNCT
framr-1721	512	1	journal	journal	PROPN
framr-1721	512	2	of	of	ADP
framr-1721	512	3	finance	finance	NOUN
framr-1721	512	4	,	,	PUNCT
framr-1721	512	5	55(5	55(5	NUM
framr-1721	512	6	):	):	PUNCT
framr-1721	512	7	1901	1901	NUM
framr-1721	512	8	-	-	SYM
framr-1721	512	9	1940	1940	NUM
framr-1721	512	10	.	.	PUNCT
framr-1721	513	1	graham	graham	PROPN
framr-1721	513	2	,	,	PUNCT
framr-1721	513	3	j.r	j.r	PROPN
framr-1721	513	4	.	.	PROPN
framr-1721	513	5	,	,	PUNCT
framr-1721	513	6	c.r	c.r	PROPN
framr-1721	513	7	.	.	PROPN
framr-1721	513	8	harvey	harvey	PROPN
framr-1721	513	9	and	and	CCONJ
framr-1721	513	10	m.	m.	PROPN
framr-1721	513	11	puri	puri	PROPN
framr-1721	513	12	,	,	PUNCT
framr-1721	513	13	2013	2013	NUM
framr-1721	513	14	.	.	PUNCT
framr-1721	514	1	managerial	managerial	ADJ
framr-1721	514	2	attitudes	attitude	NOUN
framr-1721	514	3	and	and	CCONJ
framr-1721	514	4	corporate	corporate	ADJ
framr-1721	514	5	actions	action	NOUN
framr-1721	514	6	.	.	PUNCT
framr-1721	515	1	journal	journal	NOUN
framr-1721	515	2	of	of	ADP
framr-1721	515	3	financial	financial	ADJ
framr-1721	515	4	economics	economic	NOUN
framr-1721	515	5	,	,	PUNCT
framr-1721	515	6	109(1	109(1	NUM
framr-1721	515	7	):	):	PUNCT
framr-1721	515	8	103	103	NUM
framr-1721	515	9	-	-	SYM
framr-1721	515	10	121	121	NUM
framr-1721	515	11	.	.	PUNCT
framr-1721	516	1	griliches	griliche	NOUN
framr-1721	516	2	,	,	PUNCT
framr-1721	516	3	z.	z.	PROPN
framr-1721	516	4	,	,	PUNCT
framr-1721	516	5	1981	1981	NUM
framr-1721	516	6	.	.	PUNCT
framr-1721	517	1	market	market	NOUN
framr-1721	517	2	value	value	NOUN
framr-1721	517	3	,	,	PUNCT
framr-1721	517	4	r&d	r&d	NOUN
framr-1721	517	5	and	and	CCONJ
framr-1721	517	6	patents	patent	NOUN
framr-1721	517	7	.	.	PUNCT
framr-1721	518	1	economic	economic	ADJ
framr-1721	518	2	letters	letter	NOUN
framr-1721	518	3	,	,	PUNCT
framr-1721	518	4	7(2	7(2	NUM
framr-1721	518	5	):	):	PUNCT
framr-1721	518	6	183	183	NUM
framr-1721	518	7	-	-	SYM
framr-1721	518	8	187	187	NUM
framr-1721	518	9	.	.	PUNCT
framr-1721	519	1	gueney	gueney	NOUN
framr-1721	519	2	,	,	PUNCT
framr-1721	519	3	y.	y.	PROPN
framr-1721	519	4	and	and	CCONJ
framr-1721	519	5	k.	k.	PROPN
framr-1721	519	6	paudyal	paudyal	PROPN
framr-1721	519	7	,	,	PUNCT
framr-1721	519	8	2003	2003	NUM
framr-1721	519	9	.	.	PUNCT
framr-1721	520	1	the	the	DET
framr-1721	520	2	determinants	determinant	NOUN
framr-1721	520	3	of	of	ADP
framr-1721	520	4	corporate	corporate	ADJ
framr-1721	520	5	debt	debt	NOUN
framr-1721	520	6	maturity	maturity	NOUN
framr-1721	520	7	structure	structure	NOUN
framr-1721	520	8	.	.	PUNCT
framr-1721	521	1	efa	efa	PROPN
framr-1721	521	2	annual	annual	ADJ
framr-1721	521	3	conference	conference	PROPN
framr-1721	521	4	paper	paper	PROPN
framr-1721	521	5	helsinki	helsinki	PROPN
framr-1721	521	6	meetings	meeting	NOUN
framr-1721	521	7	.	.	PUNCT
framr-1721	522	1	gul	gul	PROPN
framr-1721	522	2	,	,	PUNCT
framr-1721	522	3	f.a	f.a	PROPN
framr-1721	522	4	.	.	PROPN
framr-1721	522	5	and	and	CCONJ
framr-1721	522	6	j.s.l	j.s.l	PROPN
framr-1721	522	7	.	.	PUNCT
framr-1721	523	1	tsui	tsui	PROPN
framr-1721	523	2	,	,	PUNCT
framr-1721	523	3	1998	1998	NUM
framr-1721	523	4	.	.	PUNCT
framr-1721	524	1	a	a	DET
framr-1721	524	2	test	test	NOUN
framr-1721	524	3	of	of	ADP
framr-1721	524	4	the	the	DET
framr-1721	524	5	free	free	ADJ
framr-1721	524	6	cash	cash	NOUN
framr-1721	524	7	flow	flow	NOUN
framr-1721	524	8	and	and	CCONJ
framr-1721	524	9	debt	debt	NOUN
framr-1721	524	10	monitoring	monitoring	NOUN
framr-1721	524	11	hypotheses	hypothesis	NOUN
framr-1721	524	12	:	:	PUNCT
framr-1721	524	13	evidence	evidence	NOUN
framr-1721	524	14	from	from	ADP
framr-1721	524	15	audit	audit	NOUN
framr-1721	524	16	pricing	pricing	NOUN
framr-1721	524	17	.	.	PUNCT
framr-1721	525	1	journal	journal	NOUN
framr-1721	525	2	of	of	ADP
framr-1721	525	3	accounting	accounting	NOUN
framr-1721	525	4	and	and	CCONJ
framr-1721	525	5	economics	economic	NOUN
framr-1721	525	6	,	,	PUNCT
framr-1721	525	7	24	24	NUM
framr-1721	525	8	:	:	SYM
framr-1721	525	9	219	219	NUM
framr-1721	525	10	-	-	SYM
framr-1721	525	11	237	237	NUM
framr-1721	525	12	.	.	PUNCT
framr-1721	526	1	hackbarth	hackbarth	PROPN
framr-1721	526	2	,	,	PUNCT
framr-1721	526	3	d.	d.	PROPN
framr-1721	526	4	,	,	PUNCT
framr-1721	526	5	2009	2009	NUM
framr-1721	526	6	.	.	PUNCT
framr-1721	527	1	determinants	determinant	NOUN
framr-1721	527	2	of	of	ADP
framr-1721	527	3	corporate	corporate	ADJ
framr-1721	527	4	borrowing	borrowing	NOUN
framr-1721	527	5	:	:	PUNCT
framr-1721	527	6	a	a	DET
framr-1721	527	7	behavioral	behavioral	ADJ
framr-1721	527	8	perspective	perspective	NOUN
framr-1721	527	9	.	.	PUNCT
framr-1721	528	1	journal	journal	NOUN
framr-1721	528	2	of	of	ADP
framr-1721	528	3	corporate	corporate	ADJ
framr-1721	528	4	finance	finance	NOUN
framr-1721	528	5	,	,	PUNCT
framr-1721	528	6	15(4	15(4	NUM
framr-1721	528	7	):	):	PUNCT
framr-1721	528	8	389–411	389–411	NUM
framr-1721	528	9	.	.	PUNCT
framr-1721	529	1	haniffa	haniffa	PROPN
framr-1721	529	2	,	,	PUNCT
framr-1721	529	3	r.	r.	PROPN
framr-1721	529	4	and	and	CCONJ
framr-1721	529	5	t.	t.	PROPN
framr-1721	529	6	cooke	cooke	PROPN
framr-1721	529	7	,	,	PUNCT
framr-1721	529	8	2000	2000	NUM
framr-1721	529	9	.	.	PUNCT
framr-1721	530	1	culture	culture	NOUN
framr-1721	530	2	,	,	PUNCT
framr-1721	530	3	corporate	corporate	ADJ
framr-1721	530	4	governance	governance	NOUN
framr-1721	530	5	and	and	CCONJ
framr-1721	530	6	disclosure	disclosure	NOUN
framr-1721	530	7	in	in	ADP
framr-1721	530	8	malaysian	malaysian	ADJ
framr-1721	530	9	corporations	corporation	NOUN
framr-1721	530	10	.	.	PUNCT
framr-1721	531	1	asian	asian	ADJ
framr-1721	531	2	aaa	aaa	PROPN
framr-1721	531	3	world	world	PROPN
framr-1721	531	4	conference	conference	PROPN
framr-1721	531	5	,	,	PUNCT
framr-1721	531	6	singapore	singapore	PROPN
framr-1721	531	7	,	,	PUNCT
framr-1721	531	8	28	28	NUM
framr-1721	531	9	-	-	SYM
framr-1721	531	10	30	30	NUM
framr-1721	531	11	june	june	PROPN
framr-1721	531	12	.	.	PUNCT
framr-1721	532	1	harris	harris	PROPN
framr-1721	532	2	,	,	PUNCT
framr-1721	532	3	m.	m.	NOUN
framr-1721	532	4	and	and	CCONJ
framr-1721	532	5	a.	a.	NOUN
framr-1721	532	6	raviv	raviv	PROPN
framr-1721	532	7	,	,	PUNCT
framr-1721	532	8	1991	1991	NUM
framr-1721	532	9	.	.	PUNCT
framr-1721	533	1	the	the	DET
framr-1721	533	2	theory	theory	NOUN
framr-1721	533	3	of	of	ADP
framr-1721	533	4	capital	capital	NOUN
framr-1721	533	5	structure	structure	NOUN
framr-1721	533	6	.	.	PUNCT
framr-1721	534	1	journal	journal	PROPN
framr-1721	534	2	of	of	ADP
framr-1721	534	3	finance	finance	PROPN
framr-1721	534	4	,	,	PUNCT
framr-1721	534	5	46(1	46(1	NUM
framr-1721	534	6	):	):	PUNCT
framr-1721	534	7	297	297	NUM
framr-1721	534	8	-	-	SYM
framr-1721	534	9	355	355	NUM
framr-1721	534	10	.	.	PUNCT
framr-1721	535	1	hawkins	hawkins	PROPN
framr-1721	535	2	,	,	PUNCT
framr-1721	535	3	s.a	s.a	PROPN
framr-1721	535	4	.	.	PROPN
framr-1721	535	5	,	,	PUNCT
framr-1721	535	6	s.j	s.j	PROPN
framr-1721	535	7	.	.	PROPN
framr-1721	535	8	hoch	hoch	PROPN
framr-1721	535	9	and	and	CCONJ
framr-1721	535	10	j.	j.	PROPN
framr-1721	535	11	meyers	meyers	PROPN
framr-1721	535	12	-	-	PUNCT
framr-1721	535	13	levy	levy	NOUN
framr-1721	535	14	,	,	PUNCT
framr-1721	535	15	2001	2001	NUM
framr-1721	535	16	.	.	PUNCT
framr-1721	536	1	low	low	ADJ
framr-1721	536	2	-	-	PUNCT
framr-1721	536	3	involvement	involvement	NOUN
framr-1721	536	4	learning	learning	NOUN
framr-1721	536	5	:	:	PUNCT
framr-1721	536	6	repetition	repetition	NOUN
framr-1721	536	7	and	and	CCONJ
framr-1721	536	8	coherence	coherence	NOUN
framr-1721	536	9	in	in	ADP
framr-1721	536	10	familiarity	familiarity	NOUN
framr-1721	536	11	and	and	CCONJ
framr-1721	536	12	belief	belief	NOUN
framr-1721	536	13	.	.	PUNCT
framr-1721	537	1	journal	journal	PROPN
framr-1721	537	2	of	of	ADP
framr-1721	537	3	consumer	consumer	NOUN
framr-1721	537	4	psychology	psychology	NOUN
framr-1721	537	5	,	,	PUNCT
framr-1721	537	6	11(1	11(1	NUM
framr-1721	537	7	):	):	PUNCT
framr-1721	537	8	1	1	NUM
framr-1721	537	9	-	-	SYM
framr-1721	537	10	11	11	NUM
framr-1721	537	11	.	.	PUNCT
framr-1721	538	1	heaton	heaton	PROPN
framr-1721	538	2	,	,	PUNCT
framr-1721	538	3	j.	j.	PROPN
framr-1721	538	4	,	,	PUNCT
framr-1721	538	5	2002	2002	NUM
framr-1721	538	6	.	.	PUNCT
framr-1721	539	1	managerial	managerial	ADJ
framr-1721	539	2	optimism	optimism	NOUN
framr-1721	539	3	and	and	CCONJ
framr-1721	539	4	corporate	corporate	ADJ
framr-1721	539	5	finance	finance	NOUN
framr-1721	539	6	.	.	PUNCT
framr-1721	540	1	financial	financial	ADJ
framr-1721	540	2	management	management	NOUN
framr-1721	540	3	,	,	PUNCT
framr-1721	540	4	31(2	31(2	NUM
framr-1721	540	5	):	):	PUNCT
framr-1721	540	6	33	33	NUM
framr-1721	540	7	-	-	SYM
framr-1721	540	8	45	45	NUM
framr-1721	540	9	.	.	PUNCT
framr-1721	541	1	helliar	helliar	PROPN
framr-1721	541	2	,	,	PUNCT
framr-1721	541	3	c.	c.	PROPN
framr-1721	541	4	,	,	PUNCT
framr-1721	541	5	d.	d.	PROPN
framr-1721	541	6	power	power	PROPN
framr-1721	541	7	and	and	CCONJ
framr-1721	541	8	c.	c.	PROPN
framr-1721	541	9	sinclair	sinclair	PROPN
framr-1721	541	10	,	,	PUNCT
framr-1721	541	11	2005	2005	NUM
framr-1721	541	12	.	.	PUNCT
framr-1721	542	1	managerial	managerial	ADJ
framr-1721	542	2	irrationality	irrationality	NOUN
framr-1721	542	3	in	in	ADP
framr-1721	542	4	financial	financial	ADJ
framr-1721	542	5	decision	decision	NOUN
framr-1721	542	6	making	making	NOUN
framr-1721	542	7	.	.	PUNCT
framr-1721	543	1	managerial	managerial	ADJ
framr-1721	543	2	finance	finance	NOUN
framr-1721	543	3	,	,	PUNCT
framr-1721	543	4	31(4	31(4	NUM
framr-1721	543	5	):	):	PUNCT
framr-1721	543	6	1	1	NUM
framr-1721	543	7	-	-	SYM
framr-1721	543	8	11	11	NUM
framr-1721	543	9	.	.	PUNCT
framr-1721	544	1	financial	financial	ADJ
framr-1721	544	2	risk	risk	NOUN
framr-1721	544	3	and	and	CCONJ
framr-1721	544	4	management	management	NOUN
framr-1721	544	5	reviews	review	NOUN
framr-1721	544	6	,	,	PUNCT
framr-1721	544	7	2016	2016	NUM
framr-1721	544	8	,	,	PUNCT
framr-1721	544	9	2(1	2(1	NUM
framr-1721	544	10	):	):	PUNCT
framr-1721	544	11	1	1	NUM
framr-1721	544	12	-	-	SYM
framr-1721	544	13	25	25	NUM
framr-1721	544	14	24	24	NUM
framr-1721	544	15	©	©	PROPN
framr-1721	544	16	2016	2016	NUM
framr-1721	544	17	conscientia	conscientia	PROPN
framr-1721	544	18	beam	beam	PROPN
framr-1721	544	19	.	.	PUNCT
framr-1721	545	1	all	all	DET
framr-1721	545	2	rights	right	NOUN
framr-1721	545	3	reserved	reserve	VERB
framr-1721	545	4	.	.	PUNCT
framr-1721	546	1	hirshleifer	hirshleifer	NOUN
framr-1721	546	2	,	,	PUNCT
framr-1721	546	3	d.	d.	PROPN
framr-1721	546	4	,	,	PUNCT
framr-1721	546	5	1993	1993	NUM
framr-1721	546	6	.	.	PUNCT
framr-1721	547	1	managerial	managerial	ADJ
framr-1721	547	2	reputation	reputation	NOUN
framr-1721	547	3	and	and	CCONJ
framr-1721	547	4	corporate	corporate	ADJ
framr-1721	547	5	investment	investment	NOUN
framr-1721	547	6	decisions	decision	NOUN
framr-1721	547	7	.	.	PUNCT
framr-1721	548	1	financial	financial	ADJ
framr-1721	548	2	management	management	NOUN
framr-1721	548	3	,	,	PUNCT
framr-1721	548	4	22(2	22(2	NUM
framr-1721	548	5	):	):	PUNCT
framr-1721	548	6	145	145	NUM
framr-1721	548	7	-	-	SYM
framr-1721	548	8	160	160	NUM
framr-1721	548	9	.	.	PUNCT
framr-1721	549	1	ho	ho	PROPN
framr-1721	549	2	,	,	PUNCT
framr-1721	549	3	c.r	c.r	PROPN
framr-1721	549	4	.	.	PROPN
framr-1721	549	5	and	and	CCONJ
framr-1721	549	6	y.	y.	PROPN
framr-1721	549	7	chang	chang	PROPN
framr-1721	549	8	,	,	PUNCT
framr-1721	549	9	2009	2009	NUM
framr-1721	549	10	.	.	PUNCT
framr-1721	550	1	ceo	ceo	NOUN
framr-1721	550	2	overconfidence	overconfidence	NOUN
framr-1721	550	3	and	and	CCONJ
framr-1721	550	4	corporate	corporate	ADJ
framr-1721	550	5	financial	financial	ADJ
framr-1721	550	6	distress	distress	NOUN
framr-1721	550	7	.	.	PUNCT
framr-1721	551	1	available	available	ADJ
framr-1721	551	2	from	from	ADP
framr-1721	551	3	http://ssrn.com/abstract=1659440	http://ssrn.com/abstract=1659440	PROPN
framr-1721	551	4	[	[	X
framr-1721	551	5	accessed	access	VERB
framr-1721	551	6	august	august	PROPN
framr-1721	551	7	15	15	NUM
framr-1721	551	8	,	,	PUNCT
framr-1721	551	9	2009	2009	NUM
framr-1721	551	10	]	]	PUNCT
framr-1721	551	11	.	.	PUNCT
framr-1721	552	1	hovakimian	hovakimian	PROPN
framr-1721	552	2	,	,	PUNCT
framr-1721	552	3	a.	a.	PROPN
framr-1721	552	4	,	,	PUNCT
framr-1721	552	5	g.	g.	PROPN
framr-1721	552	6	hovakimian	hovakimian	PROPN
framr-1721	552	7	and	and	CCONJ
framr-1721	552	8	h.	h.	PROPN
framr-1721	552	9	tehranian	tehranian	PROPN
framr-1721	552	10	,	,	PUNCT
framr-1721	552	11	2004	2004	NUM
framr-1721	552	12	.	.	PUNCT
framr-1721	553	1	determinants	determinant	NOUN
framr-1721	553	2	of	of	ADP
framr-1721	553	3	target	target	NOUN
framr-1721	553	4	capital	capital	NOUN
framr-1721	553	5	structure	structure	NOUN
framr-1721	553	6	:	:	PUNCT
framr-1721	553	7	the	the	DET
framr-1721	553	8	case	case	NOUN
framr-1721	553	9	of	of	ADP
framr-1721	553	10	dual	dual	ADJ
framr-1721	553	11	debt	debt	NOUN
framr-1721	553	12	and	and	CCONJ
framr-1721	553	13	equity	equity	NOUN
framr-1721	553	14	issues	issue	NOUN
framr-1721	553	15	.	.	PUNCT
framr-1721	554	1	journal	journal	NOUN
framr-1721	554	2	of	of	ADP
framr-1721	554	3	financial	financial	ADJ
framr-1721	554	4	economics	economic	NOUN
framr-1721	554	5	,	,	PUNCT
framr-1721	554	6	71(3	71(3	NUM
framr-1721	554	7	):	):	PUNCT
framr-1721	554	8	517	517	NUM
framr-1721	554	9	-	-	SYM
framr-1721	554	10	540	540	NUM
framr-1721	554	11	.	.	PUNCT
framr-1721	555	1	huang	huang	PROPN
framr-1721	555	2	,	,	PUNCT
framr-1721	555	3	r.	r.	PROPN
framr-1721	555	4	and	and	CCONJ
framr-1721	555	5	j.r	j.r	PROPN
framr-1721	555	6	.	.	PROPN
framr-1721	555	7	ritter	ritter	PROPN
framr-1721	555	8	,	,	PUNCT
framr-1721	555	9	2009	2009	NUM
framr-1721	555	10	.	.	PUNCT
framr-1721	556	1	testing	testing	NOUN
framr-1721	556	2	theories	theory	NOUN
framr-1721	556	3	of	of	ADP
framr-1721	556	4	capital	capital	NOUN
framr-1721	556	5	structure	structure	NOUN
framr-1721	556	6	and	and	CCONJ
framr-1721	556	7	estimating	estimate	VERB
framr-1721	556	8	the	the	DET
framr-1721	556	9	speed	speed	NOUN
framr-1721	556	10	of	of	ADP
framr-1721	556	11	adjustment	adjustment	NOUN
framr-1721	556	12	.	.	PUNCT
framr-1721	557	1	journal	journal	NOUN
framr-1721	557	2	of	of	ADP
framr-1721	557	3	financial	financial	ADJ
framr-1721	557	4	and	and	CCONJ
framr-1721	557	5	quantitative	quantitative	ADJ
framr-1721	557	6	analysis	analysis	NOUN
framr-1721	557	7	,	,	PUNCT
framr-1721	557	8	44(02	44(02	NOUN
framr-1721	557	9	):	):	PUNCT
framr-1721	557	10	237	237	NUM
framr-1721	557	11	-	-	SYM
framr-1721	557	12	271	271	NUM
framr-1721	557	13	.	.	PUNCT
framr-1721	558	1	jaggi	jaggi	NOUN
framr-1721	558	2	,	,	PUNCT
framr-1721	558	3	b.	b.	PROPN
framr-1721	558	4	and	and	CCONJ
framr-1721	558	5	f.a	f.a	PROPN
framr-1721	558	6	.	.	PROPN
framr-1721	558	7	gul	gul	PROPN
framr-1721	558	8	,	,	PUNCT
framr-1721	558	9	1999	1999	NUM
framr-1721	558	10	.	.	PUNCT
framr-1721	559	1	an	an	DET
framr-1721	559	2	analysis	analysis	NOUN
framr-1721	559	3	of	of	ADP
framr-1721	559	4	joint	joint	ADJ
framr-1721	559	5	effects	effect	NOUN
framr-1721	559	6	of	of	ADP
framr-1721	559	7	investment	investment	NOUN
framr-1721	559	8	opportunity	opportunity	NOUN
framr-1721	559	9	set	set	NOUN
framr-1721	559	10	,	,	PUNCT
framr-1721	559	11	free	free	ADJ
framr-1721	559	12	cash	cash	NOUN
framr-1721	559	13	flows	flow	NOUN
framr-1721	559	14	and	and	CCONJ
framr-1721	559	15	size	size	NOUN
framr-1721	559	16	on	on	ADP
framr-1721	559	17	corporate	corporate	ADJ
framr-1721	559	18	debt	debt	NOUN
framr-1721	559	19	policy	policy	NOUN
framr-1721	559	20	.	.	PUNCT
framr-1721	560	1	review	review	NOUN
framr-1721	560	2	of	of	ADP
framr-1721	560	3	quantitative	quantitative	ADJ
framr-1721	560	4	finance	finance	NOUN
framr-1721	560	5	and	and	CCONJ
framr-1721	560	6	accounting	accounting	NOUN
framr-1721	560	7	,	,	PUNCT
framr-1721	560	8	12(4	12(4	NUM
framr-1721	560	9	):	):	PUNCT
framr-1721	560	10	371	371	NUM
framr-1721	560	11	-	-	SYM
framr-1721	560	12	381	381	NUM
framr-1721	560	13	.	.	PUNCT
framr-1721	561	1	jalilvand	jalilvand	NOUN
framr-1721	561	2	,	,	PUNCT
framr-1721	561	3	a.	a.	NOUN
framr-1721	561	4	and	and	CCONJ
framr-1721	561	5	r.s	r.s	PROPN
framr-1721	561	6	.	.	PROPN
framr-1721	561	7	harris	harris	PROPN
framr-1721	561	8	,	,	PUNCT
framr-1721	561	9	1984	1984	NUM
framr-1721	561	10	.	.	PUNCT
framr-1721	562	1	corporate	corporate	ADJ
framr-1721	562	2	behaviour	behaviour	NOUN
framr-1721	562	3	in	in	ADP
framr-1721	562	4	adjusting	adjust	VERB
framr-1721	562	5	to	to	ADP
framr-1721	562	6	capital	capital	NOUN
framr-1721	562	7	structure	structure	NOUN
framr-1721	562	8	and	and	CCONJ
framr-1721	562	9	dividend	dividend	NOUN
framr-1721	562	10	targets	target	NOUN
framr-1721	562	11	:	:	PUNCT
framr-1721	562	12	an	an	DET
framr-1721	562	13	econometric	econometric	ADJ
framr-1721	562	14	study	study	NOUN
framr-1721	562	15	.	.	PUNCT
framr-1721	563	1	journal	journal	PROPN
framr-1721	563	2	of	of	ADP
framr-1721	563	3	finance	finance	NOUN
framr-1721	563	4	,	,	PUNCT
framr-1721	563	5	39(1	39(1	NUM
framr-1721	563	6	):	):	PUNCT
framr-1721	563	7	127	127	NUM
framr-1721	563	8	-	-	SYM
framr-1721	563	9	145	145	NUM
framr-1721	563	10	.	.	PUNCT
framr-1721	564	1	jensen	jensen	PROPN
framr-1721	564	2	,	,	PUNCT
framr-1721	564	3	m.c	m.c	PROPN
framr-1721	564	4	.	.	PROPN
framr-1721	564	5	,	,	PUNCT
framr-1721	564	6	1986	1986	NUM
framr-1721	564	7	.	.	PUNCT
framr-1721	565	1	agency	agency	NOUN
framr-1721	565	2	costs	cost	NOUN
framr-1721	565	3	of	of	ADP
framr-1721	565	4	free	free	ADJ
framr-1721	565	5	cash	cash	NOUN
framr-1721	565	6	-	-	PUNCT
framr-1721	565	7	flow	flow	NOUN
framr-1721	565	8	,	,	PUNCT
framr-1721	565	9	corporate	corporate	ADJ
framr-1721	565	10	finance	finance	NOUN
framr-1721	565	11	and	and	CCONJ
framr-1721	565	12	takeovers	takeover	NOUN
framr-1721	565	13	.	.	PUNCT
framr-1721	566	1	american	american	PROPN
framr-1721	566	2	economic	economic	PROPN
framr-1721	566	3	review	review	PROPN
framr-1721	566	4	,	,	PUNCT
framr-1721	566	5	76(2	76(2	NUM
framr-1721	566	6	):	):	PUNCT
framr-1721	566	7	323–339	323–339	NUM
framr-1721	566	8	.	.	PUNCT
framr-1721	567	1	julien	julien	PROPN
framr-1721	567	2	and	and	CCONJ
framr-1721	567	3	marchesnay	marchesnay	PROPN
framr-1721	567	4	,	,	PUNCT
framr-1721	567	5	1987	1987	NUM
framr-1721	567	6	.	.	PUNCT
framr-1721	568	1	la	la	PROPN
framr-1721	568	2	petite	petite	ADJ
framr-1721	568	3	entreprise	entreprise	PROPN
framr-1721	568	4	.	.	PUNCT
framr-1721	569	1	paris	paris	PROPN
framr-1721	569	2	:	:	PUNCT
framr-1721	569	3	vuibert	vuibert	PROPN
framr-1721	569	4	.	.	PUNCT
framr-1721	570	1	kahneman	kahneman	PROPN
framr-1721	570	2	,	,	PUNCT
framr-1721	570	3	d.	d.	PROPN
framr-1721	570	4	,	,	PUNCT
framr-1721	570	5	s.	s.	PROPN
framr-1721	570	6	knetsch	knetsch	PROPN
framr-1721	570	7	and	and	CCONJ
framr-1721	570	8	r.h	r.h	PROPN
framr-1721	570	9	.	.	PROPN
framr-1721	570	10	thaler	thaler	PROPN
framr-1721	570	11	,	,	PUNCT
framr-1721	570	12	1991	1991	NUM
framr-1721	570	13	.	.	PUNCT
framr-1721	571	1	the	the	DET
framr-1721	571	2	endowment	endowment	ADJ
framr-1721	571	3	effect	effect	NOUN
framr-1721	571	4	,	,	PUNCT
framr-1721	571	5	loss	loss	NOUN
framr-1721	571	6	aversion	aversion	NOUN
framr-1721	571	7	,	,	PUNCT
framr-1721	571	8	and	and	CCONJ
framr-1721	571	9	status	status	NOUN
framr-1721	571	10	quo	quo	NOUN
framr-1721	571	11	bias	bias	NOUN
framr-1721	571	12	.	.	PUNCT
framr-1721	572	1	journal	journal	NOUN
framr-1721	572	2	of	of	ADP
framr-1721	572	3	economic	economic	ADJ
framr-1721	572	4	perspectives	perspective	NOUN
framr-1721	572	5	,	,	PUNCT
framr-1721	572	6	5(1	5(1	NUM
framr-1721	572	7	):	):	PUNCT
framr-1721	572	8	193	193	NUM
framr-1721	572	9	-	-	SYM
framr-1721	572	10	206	206	NUM
framr-1721	572	11	.	.	PUNCT
framr-1721	573	1	kaplan	kaplan	PROPN
framr-1721	573	2	,	,	PUNCT
framr-1721	573	3	s.n	s.n	PROPN
framr-1721	573	4	.	.	PROPN
framr-1721	573	5	,	,	PUNCT
framr-1721	573	6	m.m	m.m	PROPN
framr-1721	573	7	.	.	PROPN
framr-1721	573	8	klebanov	klebanov	PROPN
framr-1721	573	9	and	and	CCONJ
framr-1721	573	10	m.	m.	PROPN
framr-1721	573	11	sorensen	sorensen	PROPN
framr-1721	573	12	,	,	PUNCT
framr-1721	573	13	2010	2010	NUM
framr-1721	573	14	.	.	PUNCT
framr-1721	574	1	which	which	PRON
framr-1721	574	2	ceo	ceo	NOUN
framr-1721	574	3	characteristics	characteristic	NOUN
framr-1721	574	4	and	and	CCONJ
framr-1721	574	5	abilities	ability	NOUN
framr-1721	574	6	matter	matter	NOUN
framr-1721	574	7	?	?	PUNCT
framr-1721	575	1	journal	journal	NOUN
framr-1721	575	2	of	of	ADP
framr-1721	575	3	finance	finance	NOUN
framr-1721	575	4	,	,	PUNCT
framr-1721	575	5	62(6	62(6	NUM
framr-1721	575	6	):	):	PUNCT
framr-1721	575	7	2725	2725	NUM
framr-1721	575	8	-	-	SYM
framr-1721	575	9	2762	2762	NUM
framr-1721	575	10	.	.	PUNCT
framr-1721	576	1	landier	landier	NOUN
framr-1721	576	2	,	,	PUNCT
framr-1721	576	3	a.	a.	NOUN
framr-1721	576	4	and	and	CCONJ
framr-1721	576	5	d.	d.	PROPN
framr-1721	576	6	thesmar	thesmar	PROPN
framr-1721	576	7	,	,	PUNCT
framr-1721	576	8	2009	2009	NUM
framr-1721	576	9	.	.	PUNCT
framr-1721	577	1	financial	financial	ADJ
framr-1721	577	2	risk	risk	NOUN
framr-1721	577	3	management	management	NOUN
framr-1721	577	4	:	:	PUNCT
framr-1721	577	5	when	when	SCONJ
framr-1721	577	6	does	do	AUX
framr-1721	577	7	independence	independence	NOUN
framr-1721	577	8	fail	fail	VERB
framr-1721	577	9	?	?	PUNCT
framr-1721	578	1	american	american	PROPN
framr-1721	578	2	economic	economic	PROPN
framr-1721	578	3	review	review	PROPN
framr-1721	578	4	,	,	PUNCT
framr-1721	578	5	american	american	PROPN
framr-1721	578	6	economic	economic	PROPN
framr-1721	578	7	association	association	PROPN
framr-1721	578	8	,	,	PUNCT
framr-1721	578	9	99(2	99(2	PROPN
framr-1721	578	10	):	):	PUNCT
framr-1721	578	11	454	454	NUM
framr-1721	578	12	-	-	SYM
framr-1721	578	13	458	458	NUM
framr-1721	578	14	.	.	PUNCT
framr-1721	579	1	lang	lang	PROPN
framr-1721	579	2	,	,	PUNCT
framr-1721	579	3	l.	l.	PROPN
framr-1721	579	4	,	,	PUNCT
framr-1721	579	5	r.m	r.m	PROPN
framr-1721	579	6	.	.	PROPN
framr-1721	579	7	stulz	stulz	PROPN
framr-1721	579	8	and	and	CCONJ
framr-1721	579	9	r.a	r.a	PROPN
framr-1721	579	10	.	.	PROPN
framr-1721	579	11	walkling	walkling	NOUN
framr-1721	579	12	,	,	PUNCT
framr-1721	579	13	1991	1991	NUM
framr-1721	579	14	.	.	PUNCT
framr-1721	580	1	a	a	DET
framr-1721	580	2	test	test	NOUN
framr-1721	580	3	of	of	ADP
framr-1721	580	4	free	free	ADJ
framr-1721	580	5	cash	cash	NOUN
framr-1721	580	6	-	-	PUNCT
framr-1721	580	7	flow	flow	NOUN
framr-1721	580	8	hypothesis	hypothesis	NOUN
framr-1721	580	9	the	the	DET
framr-1721	580	10	cash	cash	NOUN
framr-1721	580	11	of	of	ADP
framr-1721	580	12	bidder	bidder	NOUN
framr-1721	580	13	return	return	NOUN
framr-1721	580	14	.	.	PUNCT
framr-1721	581	1	journal	journal	NOUN
framr-1721	581	2	of	of	ADP
framr-1721	581	3	financial	financial	ADJ
framr-1721	581	4	economics	economic	NOUN
framr-1721	581	5	,	,	PUNCT
framr-1721	581	6	29(2	29(2	NUM
framr-1721	581	7	):	):	PUNCT
framr-1721	581	8	315	315	NUM
framr-1721	581	9	-	-	SYM
framr-1721	581	10	335	335	NUM
framr-1721	581	11	.	.	PUNCT
framr-1721	582	1	lehn	lehn	PROPN
framr-1721	582	2	,	,	PUNCT
framr-1721	582	3	k.	k.	PROPN
framr-1721	582	4	and	and	CCONJ
framr-1721	582	5	a.b	a.b	PROPN
framr-1721	582	6	.	.	PROPN
framr-1721	582	7	poulsen	poulsen	PROPN
framr-1721	582	8	,	,	PUNCT
framr-1721	582	9	1989	1989	NUM
framr-1721	582	10	.	.	PUNCT
framr-1721	583	1	free	free	ADJ
framr-1721	583	2	cash	cash	NOUN
framr-1721	583	3	flow	flow	NOUN
framr-1721	583	4	and	and	CCONJ
framr-1721	583	5	stockholder	stockholder	NOUN
framr-1721	583	6	gains	gain	NOUN
framr-1721	583	7	in	in	ADP
framr-1721	583	8	going	go	VERB
framr-1721	583	9	private	private	ADJ
framr-1721	583	10	transactions	transaction	NOUN
framr-1721	583	11	.	.	PUNCT
framr-1721	584	1	journal	journal	NOUN
framr-1721	584	2	of	of	ADP
framr-1721	584	3	finance	finance	NOUN
framr-1721	584	4	,	,	PUNCT
framr-1721	584	5	44(3	44(3	NUM
framr-1721	584	6	):	):	PUNCT
framr-1721	584	7	771	771	NUM
framr-1721	584	8	-	-	SYM
framr-1721	584	9	787	787	NUM
framr-1721	584	10	.	.	PUNCT
framr-1721	585	1	lin	lin	PROPN
framr-1721	585	2	,	,	PUNCT
framr-1721	585	3	y.h	y.h	PROPN
framr-1721	585	4	.	.	PROPN
framr-1721	585	5	,	,	PUNCT
framr-1721	585	6	s.y	s.y	PROPN
framr-1721	585	7	.	.	PROPN
framr-1721	585	8	hu	hu	PROPN
framr-1721	585	9	and	and	CCONJ
framr-1721	585	10	m.s	m.s	PROPN
framr-1721	585	11	.	.	PROPN
framr-1721	585	12	chen	chen	PROPN
framr-1721	585	13	,	,	PUNCT
framr-1721	585	14	2007	2007	NUM
framr-1721	585	15	.	.	PUNCT
framr-1721	586	1	testing	test	VERB
framr-1721	586	2	peking	peking	NOUN
framr-1721	586	3	order	order	NOUN
framr-1721	586	4	prediction	prediction	NOUN
framr-1721	586	5	from	from	ADP
framr-1721	586	6	the	the	DET
framr-1721	586	7	viewpoint	viewpoint	NOUN
framr-1721	586	8	of	of	ADP
framr-1721	586	9	managerial	managerial	ADJ
framr-1721	586	10	optimism	optimism	NOUN
framr-1721	586	11	:	:	PUNCT
framr-1721	586	12	some	some	DET
framr-1721	586	13	empirical	empirical	ADJ
framr-1721	586	14	evidence	evidence	NOUN
framr-1721	586	15	from	from	ADP
framr-1721	586	16	taiwan	taiwan	PROPN
framr-1721	586	17	.	.	PUNCT
framr-1721	587	1	pacific	pacific	ADJ
framr-1721	587	2	-	-	PUNCT
framr-1721	587	3	basin	basin	NOUN
framr-1721	587	4	finance	finance	NOUN
framr-1721	587	5	journal	journal	NOUN
framr-1721	587	6	,	,	PUNCT
framr-1721	587	7	16	16	NUM
framr-1721	587	8	:	:	PUNCT
framr-1721	587	9	160	160	NUM
framr-1721	587	10	-	-	SYM
framr-1721	587	11	181	181	NUM
framr-1721	587	12	.	.	PUNCT
framr-1721	588	1	lindenberg	lindenberg	PROPN
framr-1721	588	2	,	,	PUNCT
framr-1721	588	3	e.	e.	PROPN
framr-1721	588	4	and	and	CCONJ
framr-1721	588	5	s.	s.	PROPN
framr-1721	588	6	ross	ross	PROPN
framr-1721	588	7	,	,	PUNCT
framr-1721	588	8	1981	1981	NUM
framr-1721	588	9	.	.	PUNCT
framr-1721	589	1	tobin	tobin	PROPN
framr-1721	589	2	's	's	PART
framr-1721	589	3	q	q	NOUN
framr-1721	589	4	ratio	ratio	NOUN
framr-1721	589	5	and	and	CCONJ
framr-1721	589	6	industrial	industrial	ADJ
framr-1721	589	7	organization	organization	NOUN
framr-1721	589	8	.	.	PUNCT
framr-1721	590	1	journal	journal	PROPN
framr-1721	590	2	of	of	ADP
framr-1721	590	3	business	business	NOUN
framr-1721	590	4	,	,	PUNCT
framr-1721	590	5	54(1	54(1	NUM
framr-1721	590	6	):	):	PUNCT
framr-1721	590	7	132	132	NUM
framr-1721	590	8	.	.	PUNCT
framr-1721	591	1	malmendier	malmendier	NOUN
framr-1721	591	2	,	,	PUNCT
framr-1721	591	3	u.	u.	PROPN
framr-1721	591	4	and	and	CCONJ
framr-1721	591	5	g.	g.	PROPN
framr-1721	591	6	tate	tate	PROPN
framr-1721	591	7	,	,	PUNCT
framr-1721	591	8	2005	2005	NUM
framr-1721	591	9	.	.	PUNCT
framr-1721	592	1	ceo	ceo	NOUN
framr-1721	592	2	overconfidence	overconfidence	NOUN
framr-1721	592	3	and	and	CCONJ
framr-1721	592	4	corporate	corporate	ADJ
framr-1721	592	5	investment	investment	NOUN
framr-1721	592	6	.	.	PUNCT
framr-1721	593	1	journal	journal	PROPN
framr-1721	593	2	of	of	ADP
framr-1721	593	3	finance	finance	NOUN
framr-1721	593	4	,	,	PUNCT
framr-1721	593	5	60(6	60(6	NOUN
framr-1721	593	6	):	):	PUNCT
framr-1721	593	7	2661	2661	NUM
framr-1721	593	8	-	-	SYM
framr-1721	593	9	2700	2700	NUM
framr-1721	593	10	.	.	PUNCT
framr-1721	594	1	malmendier	malmendier	NOUN
framr-1721	594	2	,	,	PUNCT
framr-1721	594	3	u.	u.	PROPN
framr-1721	594	4	and	and	CCONJ
framr-1721	594	5	g.	g.	PROPN
framr-1721	594	6	tate	tate	PROPN
framr-1721	594	7	,	,	PUNCT
framr-1721	594	8	2008	2008	NUM
framr-1721	594	9	.	.	PUNCT
framr-1721	595	1	who	who	PRON
framr-1721	595	2	makes	make	VERB
framr-1721	595	3	acquisitions	acquisition	NOUN
framr-1721	595	4	?	?	PUNCT
framr-1721	596	1	ceo	ceo	NOUN
framr-1721	596	2	overconfidence	overconfidence	NOUN
framr-1721	596	3	and	and	CCONJ
framr-1721	596	4	the	the	DET
framr-1721	596	5	market	market	NOUN
framr-1721	596	6	's	's	PART
framr-1721	596	7	reaction	reaction	NOUN
framr-1721	596	8	.	.	PUNCT
framr-1721	597	1	journal	journal	NOUN
framr-1721	597	2	of	of	ADP
framr-1721	597	3	financial	financial	ADJ
framr-1721	597	4	economics	economic	NOUN
framr-1721	597	5	,	,	PUNCT
framr-1721	597	6	89(1	89(1	NUM
framr-1721	597	7	):	):	PUNCT
framr-1721	597	8	20	20	NUM
framr-1721	597	9	-	-	SYM
framr-1721	597	10	43	43	NUM
framr-1721	597	11	.	.	PUNCT
framr-1721	598	1	malmendier	malmendier	NOUN
framr-1721	598	2	,	,	PUNCT
framr-1721	598	3	u.	u.	PROPN
framr-1721	598	4	,	,	PUNCT
framr-1721	598	5	g.	g.	PROPN
framr-1721	598	6	tate	tate	PROPN
framr-1721	598	7	and	and	CCONJ
framr-1721	598	8	j.	j.	PROPN
framr-1721	598	9	yan	yan	PROPN
framr-1721	598	10	,	,	PUNCT
framr-1721	598	11	2010	2010	NUM
framr-1721	598	12	.	.	PUNCT
framr-1721	599	1	managerial	managerial	ADJ
framr-1721	599	2	beliefs	belief	NOUN
framr-1721	599	3	and	and	CCONJ
framr-1721	599	4	corporate	corporate	ADJ
framr-1721	599	5	financial	financial	ADJ
framr-1721	599	6	policies	policy	NOUN
framr-1721	599	7	.	.	PUNCT
framr-1721	600	1	working	work	VERB
framr-1721	600	2	paper	paper	PROPN
framr-1721	600	3	n	n	CCONJ
framr-1721	600	4	°	°	NOUN
framr-1721	600	5	105	105	NUM
framr-1721	600	6	,	,	PUNCT
framr-1721	600	7	uc	uc	PROPN
framr-1721	600	8	berkeley	berkeley	PROPN
framr-1721	600	9	and	and	CCONJ
framr-1721	600	10	uc	uc	PROPN
framr-1721	600	11	los	los	PROPN
framr-1721	600	12	angeles	angeles	PROPN
framr-1721	600	13	,	,	PUNCT
framr-1721	600	14	faculty.fuqua.duke.edu	faculty.fuqua.duke.edu	PROPN
framr-1721	600	15	.	.	PROPN
framr-1721	600	16	megna	megna	PROPN
framr-1721	600	17	,	,	PUNCT
framr-1721	600	18	p.	p.	NOUN
framr-1721	600	19	and	and	CCONJ
framr-1721	600	20	l.	l.	PROPN
framr-1721	600	21	klock	klock	PROPN
framr-1721	600	22	,	,	PUNCT
framr-1721	600	23	1993	1993	NUM
framr-1721	600	24	.	.	PUNCT
framr-1721	601	1	the	the	DET
framr-1721	601	2	impact	impact	NOUN
framr-1721	601	3	of	of	ADP
framr-1721	601	4	intangible	intangible	ADJ
framr-1721	601	5	capital	capital	NOUN
framr-1721	601	6	on	on	ADP
framr-1721	601	7	tobin	tobin	PROPN
framr-1721	601	8	’s	’s	PART
framr-1721	601	9	q	q	NOUN
framr-1721	601	10	in	in	ADP
framr-1721	601	11	the	the	DET
framr-1721	601	12	semiconductor	semiconductor	NOUN
framr-1721	601	13	industry	industry	NOUN
framr-1721	601	14	.	.	PUNCT
framr-1721	602	1	american	american	PROPN
framr-1721	602	2	economic	economic	PROPN
framr-1721	602	3	review	review	PROPN
framr-1721	602	4	,	,	PUNCT
framr-1721	602	5	83(2	83(2	NUM
framr-1721	602	6	):	):	PUNCT
framr-1721	602	7	265	265	NUM
framr-1721	602	8	-	-	SYM
framr-1721	602	9	269	269	NUM
framr-1721	602	10	.	.	PUNCT
framr-1721	603	1	http://ssrn.com/abstract=1659440	http://ssrn.com/abstract=1659440	PROPN
framr-1721	603	2	financial	financial	ADJ
framr-1721	603	3	risk	risk	NOUN
framr-1721	603	4	and	and	CCONJ
framr-1721	603	5	management	management	NOUN
framr-1721	603	6	reviews	review	NOUN
framr-1721	603	7	,	,	PUNCT
framr-1721	603	8	2016	2016	NUM
framr-1721	603	9	,	,	PUNCT
framr-1721	603	10	2(1	2(1	NUM
framr-1721	603	11	):	):	PUNCT
framr-1721	603	12	1	1	NUM
framr-1721	603	13	-	-	SYM
framr-1721	603	14	25	25	NUM
framr-1721	603	15	25	25	NUM
framr-1721	603	16	©	©	PROPN
framr-1721	603	17	2016	2016	NUM
framr-1721	603	18	conscientia	conscientia	PROPN
framr-1721	603	19	beam	beam	PROPN
framr-1721	603	20	.	.	PUNCT
framr-1721	604	1	all	all	DET
framr-1721	604	2	rights	right	NOUN
framr-1721	604	3	reserved	reserve	VERB
framr-1721	604	4	.	.	PUNCT
framr-1721	605	1	menkhoff	menkhoff	PROPN
framr-1721	605	2	,	,	PUNCT
framr-1721	605	3	l.	l.	PROPN
framr-1721	605	4	and	and	CCONJ
framr-1721	605	5	m.	m.	NOUN
framr-1721	605	6	nikiforow	nikiforow	NOUN
framr-1721	605	7	,	,	PUNCT
framr-1721	605	8	2009	2009	NUM
framr-1721	605	9	.	.	PUNCT
framr-1721	606	1	professionals	professional	NOUN
framr-1721	606	2	endorsement	endorsement	NOUN
framr-1721	606	3	of	of	ADP
framr-1721	606	4	behavioral	behavioral	ADJ
framr-1721	606	5	finance	finance	NOUN
framr-1721	606	6	:	:	PUNCT
framr-1721	606	7	does	do	AUX
framr-1721	606	8	it	it	PRON
framr-1721	606	9	impact	impact	VERB
framr-1721	606	10	their	their	PRON
framr-1721	606	11	perception	perception	NOUN
framr-1721	606	12	of	of	ADP
framr-1721	606	13	markets	market	NOUN
framr-1721	606	14	and	and	CCONJ
framr-1721	606	15	themselves	themselves	PRON
framr-1721	606	16	?	?	PUNCT
framr-1721	607	1	journal	journal	NOUN
framr-1721	607	2	of	of	ADP
framr-1721	607	3	economic	economic	ADJ
framr-1721	607	4	behavior	behavior	NOUN
framr-1721	607	5	&	&	CCONJ
framr-1721	607	6	organization	organization	PROPN
framr-1721	607	7	,	,	PUNCT
framr-1721	607	8	71(2	71(2	NUM
framr-1721	607	9	):	):	PUNCT
framr-1721	607	10	318329	318329	NUM
framr-1721	607	11	.	.	PUNCT
framr-1721	608	1	moussu	moussu	PROPN
framr-1721	608	2	,	,	PUNCT
framr-1721	608	3	c.	c.	PROPN
framr-1721	608	4	and	and	CCONJ
framr-1721	608	5	c.	c.	PROPN
framr-1721	608	6	thibierge	thibierge	NOUN
framr-1721	608	7	,	,	PUNCT
framr-1721	608	8	1997	1997	NUM
framr-1721	608	9	.	.	PUNCT
framr-1721	609	1	politique	politique	PROPN
framr-1721	609	2	financière	financière	PROPN
framr-1721	609	3	,	,	PUNCT
framr-1721	609	4	opportunité	opportunité	VERB
framr-1721	609	5	d’investissement	d’investissement	PROPN
framr-1721	609	6	et	et	PROPN
framr-1721	609	7	actifs	actifs	PROPN
framr-1721	609	8	immatériels	immatériels	PROPN
framr-1721	609	9	en	en	PROPN
framr-1721	609	10	europe	europe	PROPN
framr-1721	609	11	:	:	PUNCT
framr-1721	609	12	théorie	théorie	PROPN
framr-1721	609	13	et	et	PROPN
framr-1721	609	14	étude	étude	PROPN
framr-1721	609	15	empirique	empirique	PROPN
framr-1721	609	16	.	.	PUNCT
framr-1721	610	1	banque	banque	PROPN
framr-1721	610	2	et	et	PROPN
framr-1721	610	3	marchés	marchés	PROPN
framr-1721	610	4	n	n	CCONJ
framr-1721	610	5	°	°	PROPN
framr-1721	610	6	30	30	NUM
framr-1721	610	7	,	,	PUNCT
framr-1721	610	8	septembreoctobre	septembreoctobre	NOUN
framr-1721	610	9	,	,	PUNCT
framr-1721	610	10	6	6	NUM
framr-1721	610	11	-	-	SYM
framr-1721	610	12	2	2	NUM
framr-1721	610	13	.	.	PUNCT
framr-1721	610	14	myers	myers	PROPN
framr-1721	610	15	,	,	PUNCT
framr-1721	610	16	s.	s.	PROPN
framr-1721	610	17	and	and	CCONJ
framr-1721	610	18	n.	n.	PROPN
framr-1721	610	19	majluf	majluf	PROPN
framr-1721	610	20	,	,	PUNCT
framr-1721	610	21	1984	1984	NUM
framr-1721	610	22	.	.	PUNCT
framr-1721	611	1	corporate	corporate	ADJ
framr-1721	611	2	financing	financing	NOUN
framr-1721	611	3	and	and	CCONJ
framr-1721	611	4	investment	investment	NOUN
framr-1721	611	5	decisions	decision	NOUN
framr-1721	611	6	when	when	SCONJ
framr-1721	611	7	firms	firm	NOUN
framr-1721	611	8	have	have	VERB
framr-1721	611	9	information	information	NOUN
framr-1721	611	10	those	those	DET
framr-1721	611	11	investors	investor	NOUN
framr-1721	611	12	do	do	AUX
framr-1721	611	13	not	not	PART
framr-1721	611	14	have	have	VERB
framr-1721	611	15	.	.	PUNCT
framr-1721	612	1	journal	journal	NOUN
framr-1721	612	2	of	of	ADP
framr-1721	612	3	financial	financial	ADJ
framr-1721	612	4	economics	economic	NOUN
framr-1721	612	5	,	,	PUNCT
framr-1721	612	6	13(2	13(2	NUM
framr-1721	612	7	):	):	PUNCT
framr-1721	612	8	187	187	NUM
framr-1721	612	9	-	-	SYM
framr-1721	612	10	221	221	NUM
framr-1721	612	11	.	.	PUNCT
framr-1721	613	1	myers	myers	PROPN
framr-1721	613	2	,	,	PUNCT
framr-1721	613	3	s.c	s.c	PROPN
framr-1721	613	4	.	.	PROPN
framr-1721	613	5	,	,	PUNCT
framr-1721	613	6	1984	1984	NUM
framr-1721	613	7	.	.	PUNCT
framr-1721	614	1	the	the	DET
framr-1721	614	2	capital	capital	NOUN
framr-1721	614	3	structure	structure	NOUN
framr-1721	614	4	puzzle	puzzle	NOUN
framr-1721	614	5	.	.	PUNCT
framr-1721	615	1	journal	journal	NOUN
framr-1721	615	2	of	of	ADP
framr-1721	615	3	finance	finance	NOUN
framr-1721	615	4	,	,	PUNCT
framr-1721	615	5	39(3	39(3	NUM
framr-1721	615	6	):	):	PUNCT
framr-1721	615	7	574	574	NUM
framr-1721	615	8	-	-	SYM
framr-1721	615	9	592	592	NUM
framr-1721	615	10	.	.	PUNCT
framr-1721	616	1	nosic	nosic	ADJ
framr-1721	616	2	,	,	PUNCT
framr-1721	616	3	a.	a.	NOUN
framr-1721	616	4	and	and	CCONJ
framr-1721	616	5	m.	m.	PROPN
framr-1721	616	6	weber	weber	PROPN
framr-1721	616	7	,	,	PUNCT
framr-1721	616	8	2008	2008	NUM
framr-1721	616	9	.	.	PUNCT
framr-1721	617	1	how	how	SCONJ
framr-1721	617	2	riskily	riskily	ADV
framr-1721	617	3	do	do	AUX
framr-1721	617	4	i	i	PRON
framr-1721	617	5	invest	invest	VERB
framr-1721	617	6	?	?	PUNCT
framr-1721	618	1	the	the	DET
framr-1721	618	2	role	role	NOUN
framr-1721	618	3	of	of	ADP
framr-1721	618	4	risk	risk	NOUN
framr-1721	618	5	attitudes	attitude	NOUN
framr-1721	618	6	,	,	PUNCT
framr-1721	618	7	risk	risk	NOUN
framr-1721	618	8	perceptions	perception	NOUN
framr-1721	618	9	,	,	PUNCT
framr-1721	618	10	and	and	CCONJ
framr-1721	618	11	overconfidence	overconfidence	NOUN
framr-1721	618	12	.	.	PUNCT
framr-1721	619	1	decision	decision	NOUN
framr-1721	619	2	analysis	analysis	NOUN
framr-1721	619	3	,	,	PUNCT
framr-1721	619	4	7(3	7(3	NUM
framr-1721	619	5	):	):	PUNCT
framr-1721	619	6	282	282	NUM
framr-1721	619	7	-	-	SYM
framr-1721	619	8	301	301	NUM
framr-1721	619	9	.	.	PUNCT
framr-1721	620	1	pearl	pearl	PROPN
framr-1721	620	2	,	,	PUNCT
framr-1721	620	3	j.	j.	PROPN
framr-1721	620	4	,	,	PUNCT
framr-1721	620	5	1986	1986	NUM
framr-1721	620	6	.	.	PUNCT
framr-1721	621	1	fusion	fusion	NOUN
framr-1721	621	2	,	,	PUNCT
framr-1721	621	3	propagation	propagation	NOUN
framr-1721	621	4	,	,	PUNCT
framr-1721	621	5	and	and	CCONJ
framr-1721	621	6	structuring	structure	VERB
framr-1721	621	7	in	in	ADP
framr-1721	621	8	belief	belief	NOUN
framr-1721	621	9	networks	network	NOUN
framr-1721	621	10	.	.	PUNCT
framr-1721	622	1	journal	journal	PROPN
framr-1721	622	2	of	of	ADP
framr-1721	622	3	artificiel	artificiel	PROPN
framr-1721	622	4	intelligence	intelligence	PROPN
framr-1721	622	5	,	,	PUNCT
framr-1721	622	6	29(3	29(3	NUM
framr-1721	622	7	):	):	PUNCT
framr-1721	622	8	241	241	NUM
framr-1721	622	9	-	-	SYM
framr-1721	622	10	288	288	NUM
framr-1721	622	11	.	.	PUNCT
framr-1721	623	1	rajan	rajan	PROPN
framr-1721	623	2	,	,	PUNCT
framr-1721	623	3	r.g	r.g	PROPN
framr-1721	623	4	.	.	PROPN
framr-1721	623	5	and	and	CCONJ
framr-1721	623	6	l.	l.	PROPN
framr-1721	623	7	zingales	zingales	PROPN
framr-1721	623	8	,	,	PUNCT
framr-1721	623	9	1995	1995	NUM
framr-1721	623	10	.	.	PUNCT
framr-1721	624	1	what	what	PRON
framr-1721	624	2	do	do	AUX
framr-1721	624	3	we	we	PRON
framr-1721	624	4	know	know	VERB
framr-1721	624	5	about	about	ADP
framr-1721	624	6	capital	capital	NOUN
framr-1721	624	7	structure	structure	NOUN
framr-1721	624	8	?	?	PUNCT
framr-1721	625	1	some	some	DET
framr-1721	625	2	evidence	evidence	NOUN
framr-1721	625	3	from	from	ADP
framr-1721	625	4	international	international	ADJ
framr-1721	625	5	data	datum	NOUN
framr-1721	625	6	.	.	PUNCT
framr-1721	626	1	journal	journal	PROPN
framr-1721	626	2	of	of	ADP
framr-1721	626	3	finance	finance	NOUN
framr-1721	626	4	,	,	PUNCT
framr-1721	626	5	50(5	50(5	NUM
framr-1721	626	6	):	):	PUNCT
framr-1721	626	7	1421	1421	NUM
framr-1721	626	8	-	-	SYM
framr-1721	626	9	1460	1460	NUM
framr-1721	626	10	.	.	PUNCT
framr-1721	627	1	ross	ross	PROPN
framr-1721	627	2	,	,	PUNCT
framr-1721	627	3	s.	s.	PROPN
framr-1721	627	4	,	,	PUNCT
framr-1721	627	5	1977	1977	NUM
framr-1721	627	6	.	.	PUNCT
framr-1721	628	1	the	the	DET
framr-1721	628	2	determination	determination	NOUN
framr-1721	628	3	of	of	ADP
framr-1721	628	4	financial	financial	ADJ
framr-1721	628	5	structure	structure	NOUN
framr-1721	628	6	:	:	PUNCT
framr-1721	628	7	the	the	DET
framr-1721	628	8	incentive	incentive	NOUN
framr-1721	628	9	signaling	signal	VERB
framr-1721	628	10	approach	approach	NOUN
framr-1721	628	11	.	.	PUNCT
framr-1721	629	1	bell	bell	PROPN
framr-1721	629	2	journal	journal	PROPN
framr-1721	629	3	of	of	ADP
framr-1721	629	4	economics	economic	NOUN
framr-1721	629	5	,	,	PUNCT
framr-1721	629	6	8(1	8(1	NOUN
framr-1721	629	7	):	):	PUNCT
framr-1721	629	8	23	23	NUM
framr-1721	629	9	-	-	SYM
framr-1721	629	10	40	40	NUM
framr-1721	629	11	.	.	PUNCT
framr-1721	630	1	rozeff	rozeff	PROPN
framr-1721	630	2	,	,	PUNCT
framr-1721	630	3	m.s	m.s	PROPN
framr-1721	630	4	.	.	PROPN
framr-1721	630	5	,	,	PUNCT
framr-1721	630	6	1982	1982	NUM
framr-1721	630	7	.	.	PUNCT
framr-1721	631	1	growth	growth	NOUN
framr-1721	631	2	,	,	PUNCT
framr-1721	631	3	beta	beta	NOUN
framr-1721	631	4	and	and	CCONJ
framr-1721	631	5	agency	agency	NOUN
framr-1721	631	6	costs	cost	NOUN
framr-1721	631	7	as	as	ADP
framr-1721	631	8	determinants	determinant	NOUN
framr-1721	631	9	of	of	ADP
framr-1721	631	10	dividend	dividend	NOUN
framr-1721	631	11	payout	payout	NOUN
framr-1721	631	12	ratio	ratio	NOUN
framr-1721	631	13	.	.	PUNCT
framr-1721	632	1	journal	journal	NOUN
framr-1721	632	2	of	of	ADP
framr-1721	632	3	financial	financial	ADJ
framr-1721	632	4	research	research	NOUN
framr-1721	632	5	,	,	PUNCT
framr-1721	632	6	5(3	5(3	NUM
framr-1721	632	7	):	):	PUNCT
framr-1721	632	8	249	249	NUM
framr-1721	632	9	-	-	SYM
framr-1721	632	10	259	259	NUM
framr-1721	632	11	.	.	PUNCT
framr-1721	633	1	scherr	scherr	PROPN
framr-1721	633	2	,	,	PUNCT
framr-1721	633	3	f.	f.	PROPN
framr-1721	633	4	and	and	CCONJ
framr-1721	633	5	h.m	h.m	PROPN
framr-1721	633	6	.	.	PROPN
framr-1721	633	7	hulbert	hulbert	PROPN
framr-1721	633	8	,	,	PUNCT
framr-1721	633	9	2001	2001	NUM
framr-1721	633	10	.	.	PUNCT
framr-1721	634	1	the	the	DET
framr-1721	634	2	debt	debt	NOUN
framr-1721	634	3	maturity	maturity	NOUN
framr-1721	634	4	structure	structure	NOUN
framr-1721	634	5	of	of	ADP
framr-1721	634	6	small	small	ADJ
framr-1721	634	7	firms	firm	NOUN
framr-1721	634	8	.	.	PUNCT
framr-1721	635	1	financial	financial	ADJ
framr-1721	635	2	management	management	NOUN
framr-1721	635	3	,	,	PUNCT
framr-1721	635	4	30(1	30(1	NUM
framr-1721	635	5	):	):	PUNCT
framr-1721	635	6	85–111	85–111	PROPN
framr-1721	635	7	.	.	PUNCT
framr-1721	635	8	skinner	skinner	PROPN
framr-1721	635	9	,	,	PUNCT
framr-1721	635	10	d.	d.	PROPN
framr-1721	635	11	,	,	PUNCT
framr-1721	635	12	1993	1993	NUM
framr-1721	635	13	.	.	PUNCT
framr-1721	636	1	the	the	DET
framr-1721	636	2	investment	investment	NOUN
framr-1721	636	3	opportunity	opportunity	NOUN
framr-1721	636	4	set	set	NOUN
framr-1721	636	5	and	and	CCONJ
framr-1721	636	6	accounting	accounting	NOUN
framr-1721	636	7	procedure	procedure	NOUN
framr-1721	636	8	choice	choice	NOUN
framr-1721	636	9	:	:	PUNCT
framr-1721	636	10	preliminary	preliminary	ADJ
framr-1721	636	11	evidence	evidence	NOUN
framr-1721	636	12	.	.	PUNCT
framr-1721	637	1	journal	journal	NOUN
framr-1721	637	2	of	of	ADP
framr-1721	637	3	accounting	accounting	NOUN
framr-1721	637	4	and	and	CCONJ
framr-1721	637	5	economics	economic	NOUN
framr-1721	637	6	,	,	PUNCT
framr-1721	637	7	16(4	16(4	NUM
framr-1721	637	8	):	):	PUNCT
framr-1721	637	9	407	407	NUM
framr-1721	637	10	–	–	PUNCT
framr-1721	637	11	445	445	NUM
framr-1721	637	12	.	.	PUNCT
framr-1721	638	1	stulz	stulz	ADJ
framr-1721	638	2	,	,	PUNCT
framr-1721	638	3	r.	r.	PROPN
framr-1721	638	4	,	,	PUNCT
framr-1721	638	5	1990	1990	NUM
framr-1721	638	6	.	.	PUNCT
framr-1721	639	1	managerial	managerial	ADJ
framr-1721	639	2	discretion	discretion	NOUN
framr-1721	639	3	and	and	CCONJ
framr-1721	639	4	optimal	optimal	ADJ
framr-1721	639	5	financing	financing	NOUN
framr-1721	639	6	policy	policy	NOUN
framr-1721	639	7	.	.	PUNCT
framr-1721	640	1	journal	journal	NOUN
framr-1721	640	2	of	of	ADP
framr-1721	640	3	financial	financial	ADJ
framr-1721	640	4	economics	economic	NOUN
framr-1721	640	5	,	,	PUNCT
framr-1721	640	6	26(1	26(1	NUM
framr-1721	640	7	):	):	PUNCT
framr-1721	640	8	327	327	NUM
framr-1721	640	9	.	.	PUNCT
framr-1721	641	1	stulz	stulz	ADJ
framr-1721	641	2	,	,	PUNCT
framr-1721	641	3	r.m	r.m	PROPN
framr-1721	641	4	.	.	PROPN
framr-1721	641	5	,	,	PUNCT
framr-1721	641	6	1996	1996	NUM
framr-1721	641	7	.	.	PUNCT
framr-1721	642	1	rethinking	rethink	VERB
framr-1721	642	2	risk	risk	NOUN
framr-1721	642	3	management	management	NOUN
framr-1721	642	4	.	.	PUNCT
framr-1721	643	1	journal	journal	PROPN
framr-1721	643	2	of	of	ADP
framr-1721	643	3	applied	apply	VERB
framr-1721	643	4	corporate	corporate	ADJ
framr-1721	643	5	finance	finance	NOUN
framr-1721	643	6	,	,	PUNCT
framr-1721	643	7	9(3	9(3	NUM
framr-1721	643	8	):	):	PUNCT
framr-1721	643	9	8	8	NUM
framr-1721	643	10	-	-	SYM
framr-1721	643	11	24	24	NUM
framr-1721	643	12	.	.	PUNCT
framr-1721	644	1	thibierge	thibierge	ADJ
framr-1721	644	2	,	,	PUNCT
framr-1721	644	3	c.	c.	NOUN
framr-1721	644	4	,	,	PUNCT
framr-1721	644	5	2001	2001	NUM
framr-1721	644	6	.	.	PUNCT
framr-1721	645	1	actifs	actifs	PROPN
framr-1721	645	2	immatériels	immatériels	PROPN
framr-1721	645	3	,	,	PUNCT
framr-1721	645	4	valorisation	valorisation	NOUN
framr-1721	645	5	boursière	boursière	PROPN
framr-1721	645	6	et	et	PROPN
framr-1721	645	7	contrainte	contrainte	PROPN
framr-1721	645	8	d'endettement	d'endettement	PROPN
framr-1721	645	9	:	:	PUNCT
framr-1721	645	10	etude	etude	PROPN
framr-1721	645	11	empirique	empirique	PROPN
framr-1721	645	12	sur	sur	PROPN
framr-1721	645	13	les	les	PROPN
framr-1721	645	14	marchés	marchés	PROPN
framr-1721	645	15	français	français	PROPN
framr-1721	645	16	et	et	PROPN
framr-1721	645	17	espagnol	espagnol	PROPN
framr-1721	645	18	.	.	PUNCT
framr-1721	646	1	congrès	congrès	PROPN
framr-1721	646	2	international	international	PROPN
framr-1721	646	3	de	de	X
framr-1721	646	4	l'association	l'association	PROPN
framr-1721	646	5	française	française	X
framr-1721	646	6	de	de	X
framr-1721	646	7	finance	finance	NOUN
framr-1721	646	8	,	,	PUNCT
framr-1721	646	9	namur	namur	NOUN
framr-1721	646	10	.	.	PUNCT
framr-1721	647	1	pp	pp	ADP
framr-1721	647	2	:	:	PUNCT
framr-1721	647	3	28	28	NUM
framr-1721	647	4	-	-	SYM
framr-1721	647	5	30	30	NUM
framr-1721	647	6	.	.	PUNCT
framr-1721	647	7	titman	titman	PROPN
framr-1721	647	8	,	,	PUNCT
framr-1721	647	9	s.	s.	PROPN
framr-1721	647	10	and	and	CCONJ
framr-1721	647	11	r.	r.	PROPN
framr-1721	647	12	wessels	wessels	PROPN
framr-1721	647	13	,	,	PUNCT
framr-1721	647	14	1998	1998	NUM
framr-1721	647	15	.	.	PUNCT
framr-1721	648	1	the	the	DET
framr-1721	648	2	determinants	determinant	NOUN
framr-1721	648	3	of	of	ADP
framr-1721	648	4	capital	capital	NOUN
framr-1721	648	5	structure	structure	NOUN
framr-1721	648	6	choice	choice	NOUN
framr-1721	648	7	.	.	PUNCT
framr-1721	649	1	journal	journal	PROPN
framr-1721	649	2	of	of	ADP
framr-1721	649	3	finance	finance	NOUN
framr-1721	649	4	,	,	PUNCT
framr-1721	649	5	43(1	43(1	NUM
framr-1721	649	6	):	):	PUNCT
framr-1721	649	7	119	119	NUM
framr-1721	649	8	.	.	PUNCT
framr-1721	650	1	wright	wright	PROPN
framr-1721	650	2	,	,	PUNCT
framr-1721	650	3	d.w	d.w	PROPN
framr-1721	650	4	.	.	PROPN
framr-1721	650	5	,	,	PUNCT
framr-1721	650	6	1996	1996	NUM
framr-1721	650	7	.	.	PUNCT
framr-1721	651	1	evidence	evidence	NOUN
framr-1721	651	2	on	on	ADP
framr-1721	651	3	the	the	DET
framr-1721	651	4	relation	relation	NOUN
framr-1721	651	5	between	between	ADP
framr-1721	651	6	corporate	corporate	ADJ
framr-1721	651	7	governance	governance	NOUN
framr-1721	651	8	characteristics	characteristic	NOUN
framr-1721	651	9	and	and	CCONJ
framr-1721	651	10	the	the	DET
framr-1721	651	11	quality	quality	NOUN
framr-1721	651	12	of	of	ADP
framr-1721	651	13	financial	financial	ADJ
framr-1721	651	14	reporting	reporting	NOUN
framr-1721	651	15	.	.	PUNCT
framr-1721	652	1	no	no	INTJ
framr-1721	652	2	.	.	NOUN
framr-1721	652	3	9601	9601	NUM
framr-1721	652	4	.	.	PUNCT
framr-1721	653	1	university	university	NOUN
framr-1721	653	2	of	of	ADP
framr-1721	653	3	michigan	michigan	PROPN
framr-1721	653	4	.	.	PUNCT
framr-1721	654	1	zhang	zhang	PROPN
framr-1721	654	2	,	,	PUNCT
framr-1721	654	3	g.	g.	PROPN
framr-1721	654	4	,	,	PUNCT
framr-1721	654	5	1997	1997	NUM
framr-1721	654	6	.	.	PUNCT
framr-1721	655	1	ownership	ownership	NOUN
framr-1721	655	2	concentration	concentration	NOUN
framr-1721	655	3	,	,	PUNCT
framr-1721	655	4	risk	risk	NOUN
framr-1721	655	5	aversion	aversion	NOUN
framr-1721	655	6	and	and	CCONJ
framr-1721	655	7	the	the	DET
framr-1721	655	8	effect	effect	NOUN
framr-1721	655	9	of	of	ADP
framr-1721	655	10	financial	financial	ADJ
framr-1721	655	11	structure	structure	NOUN
framr-1721	655	12	on	on	ADP
framr-1721	655	13	investment	investment	NOUN
framr-1721	655	14	decisions	decision	NOUN
framr-1721	655	15	.	.	PUNCT
framr-1721	656	1	european	european	ADJ
framr-1721	656	2	economic	economic	PROPN
framr-1721	656	3	review	review	PROPN
framr-1721	656	4	,	,	PUNCT
framr-1721	656	5	42(9	42(9	NUM
framr-1721	656	6	):	):	PUNCT
framr-1721	656	7	1751	1751	NUM
framr-1721	656	8	-	-	SYM
framr-1721	656	9	1777	1777	NUM
framr-1721	656	10	.	.	PUNCT
framr-1721	657	1	views	view	NOUN
framr-1721	657	2	and	and	CCONJ
framr-1721	657	3	opinions	opinion	NOUN
framr-1721	657	4	expressed	express	VERB
framr-1721	657	5	in	in	ADP
framr-1721	657	6	this	this	DET
framr-1721	657	7	article	article	NOUN
framr-1721	657	8	are	be	AUX
framr-1721	657	9	the	the	DET
framr-1721	657	10	views	view	NOUN
framr-1721	657	11	and	and	CCONJ
framr-1721	657	12	opinions	opinion	NOUN
framr-1721	657	13	of	of	ADP
framr-1721	657	14	the	the	DET
framr-1721	657	15	author(s	author(s	NOUN
framr-1721	657	16	)	)	PUNCT
framr-1721	657	17	,	,	PUNCT
framr-1721	657	18	financial	financial	ADJ
framr-1721	657	19	risk	risk	NOUN
framr-1721	657	20	and	and	CCONJ
framr-1721	657	21	management	management	NOUN
framr-1721	657	22	reviews	review	NOUN
framr-1721	657	23	shall	shall	AUX
framr-1721	657	24	not	not	PART
framr-1721	657	25	be	be	AUX
framr-1721	657	26	responsible	responsible	ADJ
framr-1721	657	27	or	or	CCONJ
framr-1721	657	28	answerable	answerable	ADJ
framr-1721	657	29	for	for	ADP
framr-1721	657	30	any	any	DET
framr-1721	657	31	loss	loss	NOUN
framr-1721	657	32	,	,	PUNCT
framr-1721	657	33	damage	damage	NOUN
framr-1721	657	34	or	or	CCONJ
framr-1721	657	35	liability	liability	NOUN
framr-1721	657	36	etc	etc	X
framr-1721	657	37	.	.	X
framr-1721	658	1	caused	cause	VERB
framr-1721	658	2	in	in	ADP
framr-1721	658	3	relation	relation	NOUN
framr-1721	658	4	to	to	PART
framr-1721	658	5	/	/	PUNCT
framr-1721	658	6	arising	arise	VERB
framr-1721	658	7	out	out	ADP
framr-1721	658	8	of	of	ADP
framr-1721	658	9	the	the	DET
framr-1721	658	10	use	use	NOUN
framr-1721	658	11	of	of	ADP
framr-1721	658	12	the	the	DET
framr-1721	658	13	content	content	NOUN
framr-1721	658	14	.	.	PUNCT