id	sid	tid	token	lemma	pos
fsr-3221	1	1	investment	investment	NOUN
fsr-3221	1	2	strategies	strategy	NOUN
fsr-3221	1	3	when	when	SCONJ
fsr-3221	1	4	selecting	select	VERB
fsr-3221	1	5	sustainable	sustainable	ADJ
fsr-3221	1	6	firms	firm	NOUN
fsr-3221	1	7	todd	todd	PROPN
fsr-3221	1	8	m.	m.	PROPN
fsr-3221	1	9	shank	shank	PROPN
fsr-3221	1	10	,	,	PUNCT
fsr-3221	1	11	ph.d.a	ph.d.a	PROPN
fsr-3221	1	12	,	,	PUNCT
fsr-3221	1	13	*	*	PUNCT
fsr-3221	1	14	,	,	PUNCT
fsr-3221	1	15	benjamin	benjamin	PROPN
fsr-3221	1	16	shockey	shockey	PROPN
fsr-3221	1	17	,	,	PUNCT
fsr-3221	1	18	mbab	mbab	NOUN
fsr-3221	1	19	adepartment	adepartment	NOUN
fsr-3221	1	20	of	of	ADP
fsr-3221	1	21	finance	finance	NOUN
fsr-3221	1	22	,	,	PUNCT
fsr-3221	1	23	kate	kate	PROPN
fsr-3221	1	24	tiedemann	tiedemann	PROPN
fsr-3221	1	25	college	college	PROPN
fsr-3221	1	26	of	of	ADP
fsr-3221	1	27	business	business	NOUN
fsr-3221	1	28	,	,	PUNCT
fsr-3221	1	29	university	university	PROPN
fsr-3221	1	30	of	of	ADP
fsr-3221	1	31	south	south	PROPN
fsr-3221	1	32	florida	florida	PROPN
fsr-3221	1	33	st	st	PROPN
fsr-3221	1	34	.	.	PROPN
fsr-3221	1	35	petersburg	petersburg	PROPN
fsr-3221	1	36	,	,	PUNCT
fsr-3221	1	37	140	140	NUM
fsr-3221	1	38	7th	7th	ADJ
fsr-3221	1	39	avenue	avenue	PROPN
fsr-3221	1	40	,	,	PUNCT
fsr-3221	1	41	south	south	PROPN
fsr-3221	1	42	,	,	PUNCT
fsr-3221	1	43	st	st	PROPN
fsr-3221	1	44	.	.	PROPN
fsr-3221	1	45	petersburg	petersburg	PROPN
fsr-3221	1	46	,	,	PUNCT
fsr-3221	1	47	fl	fl	PROPN
fsr-3221	1	48	33701	33701	NUM
fsr-3221	1	49	,	,	PUNCT
fsr-3221	1	50	usa	usa	PROPN
fsr-3221	1	51	braymond	braymond	PROPN
fsr-3221	1	52	james	james	PROPN
fsr-3221	1	53	financial	financial	PROPN
fsr-3221	1	54	,	,	PUNCT
fsr-3221	1	55	inc	inc	PROPN
fsr-3221	1	56	.	.	PROPN
fsr-3221	1	57	,	,	PUNCT
fsr-3221	1	58	880	880	NUM
fsr-3221	1	59	carillion	carillion	NOUN
fsr-3221	1	60	parkway	parkway	PROPN
fsr-3221	1	61	,	,	PUNCT
fsr-3221	1	62	st	st	PROPN
fsr-3221	1	63	.	.	PROPN
fsr-3221	1	64	petersburg	petersburg	PROPN
fsr-3221	1	65	,	,	PUNCT
fsr-3221	1	66	fl	fl	PROPN
fsr-3221	1	67	33716	33716	NUM
fsr-3221	1	68	,	,	PUNCT
fsr-3221	1	69	usa	usa	PROPN
fsr-3221	1	70	abstract	abstract	ADJ
fsr-3221	1	71	“	"	PUNCT
fsr-3221	1	72	sustainability	sustainability	NOUN
fsr-3221	1	73	”	"	PUNCT
fsr-3221	1	74	is	be	AUX
fsr-3221	1	75	the	the	DET
fsr-3221	1	76	most	most	ADV
fsr-3221	1	77	recent	recent	ADJ
fsr-3221	1	78	construct	construct	NOUN
fsr-3221	1	79	to	to	PART
fsr-3221	1	80	describe	describe	VERB
fsr-3221	1	81	efforts	effort	NOUN
fsr-3221	1	82	by	by	ADP
fsr-3221	1	83	modern	modern	ADJ
fsr-3221	1	84	corporations	corporation	NOUN
fsr-3221	1	85	to	to	PART
fsr-3221	1	86	include	include	VERB
fsr-3221	1	87	environmental	environmental	ADJ
fsr-3221	1	88	,	,	PUNCT
fsr-3221	1	89	social	social	ADJ
fsr-3221	1	90	,	,	PUNCT
fsr-3221	1	91	and	and	CCONJ
fsr-3221	1	92	economic	economic	ADJ
fsr-3221	1	93	governance	governance	NOUN
fsr-3221	1	94	considerations	consideration	NOUN
fsr-3221	1	95	in	in	ADP
fsr-3221	1	96	business	business	NOUN
fsr-3221	1	97	operations	operation	NOUN
fsr-3221	1	98	.	.	PUNCT
fsr-3221	2	1	such	such	ADJ
fsr-3221	2	2	nonfinancial	nonfinancial	ADJ
fsr-3221	2	3	areas	area	NOUN
fsr-3221	2	4	of	of	ADP
fsr-3221	2	5	firm	firm	ADJ
fsr-3221	2	6	performance	performance	NOUN
fsr-3221	2	7	have	have	AUX
fsr-3221	2	8	received	receive	VERB
fsr-3221	2	9	increased	increase	VERB
fsr-3221	2	10	focus	focus	NOUN
fsr-3221	2	11	,	,	PUNCT
fsr-3221	2	12	especially	especially	ADV
fsr-3221	2	13	in	in	ADP
fsr-3221	2	14	recent	recent	ADJ
fsr-3221	2	15	years	year	NOUN
fsr-3221	2	16	as	as	SCONJ
fsr-3221	2	17	firms	firm	NOUN
fsr-3221	2	18	seek	seek	VERB
fsr-3221	2	19	to	to	PART
fsr-3221	2	20	differentiate	differentiate	VERB
fsr-3221	2	21	themselves	themselves	PRON
fsr-3221	2	22	from	from	ADP
fsr-3221	2	23	competitors	competitor	NOUN
fsr-3221	2	24	.	.	PUNCT
fsr-3221	3	1	of	of	ADP
fsr-3221	3	2	central	central	ADJ
fsr-3221	3	3	concern	concern	NOUN
fsr-3221	3	4	to	to	ADP
fsr-3221	3	5	analysts	analyst	NOUN
fsr-3221	3	6	and	and	CCONJ
fsr-3221	3	7	investors	investor	NOUN
fsr-3221	3	8	is	be	AUX
fsr-3221	3	9	whether	whether	SCONJ
fsr-3221	3	10	the	the	DET
fsr-3221	3	11	emerging	emerge	VERB
fsr-3221	3	12	emphasis	emphasis	NOUN
fsr-3221	3	13	on	on	ADP
fsr-3221	3	14	sustainability	sustainability	NOUN
fsr-3221	3	15	is	be	AUX
fsr-3221	3	16	financially	financially	ADV
fsr-3221	3	17	rewarded	reward	VERB
fsr-3221	3	18	by	by	ADP
fsr-3221	3	19	market	market	NOUN
fsr-3221	3	20	participants	participant	NOUN
fsr-3221	3	21	.	.	PUNCT
fsr-3221	4	1	research	research	NOUN
fsr-3221	4	2	on	on	ADP
fsr-3221	4	3	this	this	DET
fsr-3221	4	4	question	question	NOUN
fsr-3221	4	5	has	have	AUX
fsr-3221	4	6	generally	generally	ADV
fsr-3221	4	7	supported	support	VERB
fsr-3221	4	8	the	the	DET
fsr-3221	4	9	idea	idea	NOUN
fsr-3221	4	10	that	that	SCONJ
fsr-3221	4	11	firms	firm	NOUN
fsr-3221	4	12	with	with	ADP
fsr-3221	4	13	greater	great	ADJ
fsr-3221	4	14	attention	attention	NOUN
fsr-3221	4	15	to	to	ADP
fsr-3221	4	16	sustainable	sustainable	ADJ
fsr-3221	4	17	business	business	NOUN
fsr-3221	4	18	practices	practice	NOUN
fsr-3221	4	19	outperform	outperform	VERB
fsr-3221	4	20	their	their	PRON
fsr-3221	4	21	peers	peer	NOUN
fsr-3221	4	22	financially	financially	ADV
fsr-3221	4	23	;	;	PUNCT
fsr-3221	4	24	presumably	presumably	ADV
fsr-3221	4	25	because	because	SCONJ
fsr-3221	4	26	of	of	ADP
fsr-3221	4	27	the	the	DET
fsr-3221	4	28	perception	perception	NOUN
fsr-3221	4	29	of	of	ADP
fsr-3221	4	30	lesser	less	ADJ
fsr-3221	4	31	future	future	ADJ
fsr-3221	4	32	risk	risk	NOUN
fsr-3221	4	33	.	.	PUNCT
fsr-3221	5	1	this	this	DET
fsr-3221	5	2	study	study	NOUN
fsr-3221	5	3	examines	examine	VERB
fsr-3221	5	4	the	the	DET
fsr-3221	5	5	efficacy	efficacy	NOUN
fsr-3221	5	6	of	of	ADP
fsr-3221	5	7	passive	passive	ADJ
fsr-3221	5	8	versus	versus	ADP
fsr-3221	5	9	active	active	ADJ
fsr-3221	5	10	investment	investment	NOUN
fsr-3221	5	11	strategies	strategy	NOUN
fsr-3221	5	12	when	when	SCONJ
fsr-3221	5	13	selecting	select	VERB
fsr-3221	5	14	sustainable	sustainable	ADJ
fsr-3221	5	15	firms	firm	NOUN
fsr-3221	5	16	for	for	ADP
fsr-3221	5	17	inclusion	inclusion	NOUN
fsr-3221	5	18	within	within	ADP
fsr-3221	5	19	an	an	DET
fsr-3221	5	20	equity	equity	NOUN
fsr-3221	5	21	portfolio	portfolio	NOUN
fsr-3221	5	22	.	.	PUNCT
fsr-3221	6	1	utilizing	utilize	VERB
fsr-3221	6	2	two	two	NUM
fsr-3221	6	3	groups	group	NOUN
fsr-3221	6	4	of	of	ADP
fsr-3221	6	5	“	"	PUNCT
fsr-3221	6	6	sustainability	sustainability	NOUN
fsr-3221	6	7	-	-	PUNCT
fsr-3221	6	8	focused	focused	ADJ
fsr-3221	6	9	”	"	PUNCT
fsr-3221	6	10	firms	firm	NOUN
fsr-3221	6	11	of	of	ADP
fsr-3221	6	12	varying	vary	VERB
fsr-3221	6	13	degrees	degree	NOUN
fsr-3221	6	14	,	,	PUNCT
fsr-3221	6	15	this	this	DET
fsr-3221	6	16	study	study	NOUN
fsr-3221	6	17	finds	find	VERB
fsr-3221	6	18	financial	financial	ADJ
fsr-3221	6	19	support	support	NOUN
fsr-3221	6	20	for	for	ADP
fsr-3221	6	21	an	an	DET
fsr-3221	6	22	active	active	ADJ
fsr-3221	6	23	selection	selection	NOUN
fsr-3221	6	24	of	of	ADP
fsr-3221	6	25	sustainable	sustainable	ADJ
fsr-3221	6	26	firms	firm	NOUN
fsr-3221	6	27	on	on	ADP
fsr-3221	6	28	a	a	DET
fsr-3221	6	29	risk	risk	NOUN
fsr-3221	6	30	-	-	PUNCT
fsr-3221	6	31	adjusted	adjust	VERB
fsr-3221	6	32	basis	basis	NOUN
fsr-3221	6	33	.	.	PUNCT
fsr-3221	7	1	specifically	specifically	ADV
fsr-3221	7	2	,	,	PUNCT
fsr-3221	7	3	the	the	DET
fsr-3221	7	4	financial	financial	ADJ
fsr-3221	7	5	performance	performance	NOUN
fsr-3221	7	6	of	of	ADP
fsr-3221	7	7	the	the	DET
fsr-3221	7	8	dow	dow	PROPN
fsr-3221	7	9	jones	jones	PROPN
fsr-3221	7	10	sustainability	sustainability	PROPN
fsr-3221	7	11	index	index	NOUN
fsr-3221	7	12	(	(	PUNCT
fsr-3221	7	13	djsi	djsi	NUM
fsr-3221	7	14	)	)	PUNCT
fsr-3221	7	15	and	and	CCONJ
fsr-3221	7	16	a	a	DET
fsr-3221	7	17	group	group	NOUN
fsr-3221	7	18	of	of	ADP
fsr-3221	7	19	sustainability	sustainability	NOUN
fsr-3221	7	20	leaders	leader	NOUN
fsr-3221	7	21	are	be	AUX
fsr-3221	7	22	compared	compare	VERB
fsr-3221	7	23	with	with	ADP
fsr-3221	7	24	the	the	DET
fsr-3221	7	25	broader	broad	ADJ
fsr-3221	7	26	market	market	NOUN
fsr-3221	7	27	over	over	ADP
fsr-3221	7	28	a	a	DET
fsr-3221	7	29	10	10	NUM
fsr-3221	7	30	-	-	PUNCT
fsr-3221	7	31	year	year	NOUN
fsr-3221	7	32	period	period	NOUN
fsr-3221	7	33	.	.	PUNCT
fsr-3221	8	1	thus	thus	ADV
fsr-3221	8	2	,	,	PUNCT
fsr-3221	8	3	it	it	PRON
fsr-3221	8	4	can	can	AUX
fsr-3221	8	5	be	be	AUX
fsr-3221	8	6	understood	understand	VERB
fsr-3221	8	7	whether	whether	SCONJ
fsr-3221	8	8	an	an	DET
fsr-3221	8	9	investor	investor	NOUN
fsr-3221	8	10	would	would	AUX
fsr-3221	8	11	have	have	AUX
fsr-3221	8	12	received	receive	VERB
fsr-3221	8	13	a	a	DET
fsr-3221	8	14	greater	great	ADJ
fsr-3221	8	15	risk	risk	NOUN
fsr-3221	8	16	-	-	PUNCT
fsr-3221	8	17	adjusted	adjust	VERB
fsr-3221	8	18	financial	financial	ADJ
fsr-3221	8	19	return	return	NOUN
fsr-3221	8	20	through	through	ADP
fsr-3221	8	21	either	either	CCONJ
fsr-3221	8	22	(	(	PUNCT
fsr-3221	8	23	1	1	X
fsr-3221	8	24	)	)	PUNCT
fsr-3221	8	25	an	an	DET
fsr-3221	8	26	active	active	ADJ
fsr-3221	8	27	“	"	PUNCT
fsr-3221	8	28	sustainability	sustainability	NOUN
fsr-3221	8	29	-	-	PUNCT
fsr-3221	8	30	focused	focused	ADJ
fsr-3221	8	31	”	"	PUNCT
fsr-3221	8	32	approach	approach	NOUN
fsr-3221	8	33	,	,	PUNCT
fsr-3221	8	34	(	(	PUNCT
fsr-3221	8	35	2	2	X
fsr-3221	8	36	)	)	PUNCT
fsr-3221	8	37	a	a	DET
fsr-3221	8	38	passive	passive	ADJ
fsr-3221	8	39	sustainability	sustainability	NOUN
fsr-3221	8	40	-	-	PUNCT
fsr-3221	8	41	focused	focus	VERB
fsr-3221	8	42	approach	approach	NOUN
fsr-3221	8	43	,	,	PUNCT
fsr-3221	8	44	or	or	CCONJ
fsr-3221	8	45	(	(	PUNCT
fsr-3221	8	46	3	3	X
fsr-3221	8	47	)	)	PUNCT
fsr-3221	8	48	a	a	DET
fsr-3221	8	49	passive	passive	ADJ
fsr-3221	8	50	broad	broad	ADJ
fsr-3221	8	51	-	-	PUNCT
fsr-3221	8	52	market	market	NOUN
fsr-3221	8	53	approach	approach	NOUN
fsr-3221	8	54	.	.	PUNCT
fsr-3221	9	1	the	the	DET
fsr-3221	9	2	evidence	evidence	NOUN
fsr-3221	9	3	presented	present	VERB
fsr-3221	9	4	here	here	ADV
fsr-3221	9	5	supports	support	VERB
fsr-3221	9	6	efforts	effort	NOUN
fsr-3221	9	7	to	to	PART
fsr-3221	9	8	identify	identify	VERB
fsr-3221	9	9	global	global	ADJ
fsr-3221	9	10	sustainability	sustainability	NOUN
fsr-3221	9	11	leaders	leader	NOUN
fsr-3221	9	12	by	by	ADP
fsr-3221	9	13	industry	industry	NOUN
fsr-3221	9	14	,	,	PUNCT
fsr-3221	9	15	as	as	SCONJ
fsr-3221	9	16	they	they	PRON
fsr-3221	9	17	collectively	collectively	ADV
fsr-3221	9	18	showed	show	VERB
fsr-3221	9	19	greater	great	ADJ
fsr-3221	9	20	financial	financial	ADJ
fsr-3221	9	21	performance	performance	NOUN
fsr-3221	9	22	over	over	ADP
fsr-3221	9	23	the	the	DET
fsr-3221	9	24	past	past	ADJ
fsr-3221	9	25	decade	decade	NOUN
fsr-3221	9	26	than	than	ADP
fsr-3221	9	27	both	both	CCONJ
fsr-3221	9	28	the	the	DET
fsr-3221	9	29	djsi	djsi	NOUN
fsr-3221	9	30	and	and	CCONJ
fsr-3221	9	31	the	the	DET
fsr-3221	9	32	broader	broad	ADJ
fsr-3221	9	33	market	market	NOUN
fsr-3221	9	34	.	.	PUNCT
fsr-3221	10	1	©	©	PROPN
fsr-3221	10	2	2016	2016	NUM
fsr-3221	10	3	academy	academy	NOUN
fsr-3221	10	4	of	of	ADP
fsr-3221	10	5	financial	financial	ADJ
fsr-3221	10	6	services	service	NOUN
fsr-3221	10	7	.	.	PUNCT
fsr-3221	11	1	all	all	DET
fsr-3221	11	2	rights	right	NOUN
fsr-3221	11	3	reserved	reserve	VERB
fsr-3221	11	4	.	.	PUNCT
fsr-3221	12	1	jel	jel	PROPN
fsr-3221	12	2	classification	classification	NOUN
fsr-3221	12	3	:	:	PUNCT
fsr-3221	12	4	g11	g11	PROPN
fsr-3221	12	5	(	(	PUNCT
fsr-3221	12	6	portfolio	portfolio	NOUN
fsr-3221	12	7	choice	choice	NOUN
fsr-3221	12	8	:	:	PUNCT
fsr-3221	12	9	investment	investment	NOUN
fsr-3221	12	10	decisions	decision	NOUN
fsr-3221	12	11	)	)	PUNCT
fsr-3221	12	12	keywords	keyword	NOUN
fsr-3221	12	13	:	:	PUNCT
fsr-3221	12	14	sustainability	sustainability	NOUN
fsr-3221	12	15	;	;	PUNCT
fsr-3221	12	16	dow	dow	PROPN
fsr-3221	12	17	jones	jones	PROPN
fsr-3221	12	18	sustainability	sustainability	PROPN
fsr-3221	12	19	index	index	NOUN
fsr-3221	12	20	(	(	PUNCT
fsr-3221	12	21	djsi	djsi	PROPN
fsr-3221	12	22	)	)	PUNCT
fsr-3221	12	23	;	;	PUNCT
fsr-3221	12	24	investment	investment	NOUN
fsr-3221	12	25	selection	selection	NOUN
fsr-3221	12	26	;	;	PUNCT
fsr-3221	12	27	financial	financial	ADJ
fsr-3221	12	28	performance	performance	NOUN
fsr-3221	12	29	;	;	PUNCT
fsr-3221	12	30	active	active	ADJ
fsr-3221	12	31	portfolio	portfolio	NOUN
fsr-3221	12	32	management	management	NOUN
fsr-3221	12	33	*	*	PUNCT
fsr-3221	12	34	corresponding	correspond	VERB
fsr-3221	12	35	author	author	NOUN
fsr-3221	12	36	.	.	PUNCT
fsr-3221	13	1	tel	tel	PROPN
fsr-3221	13	2	.	.	PUNCT
fsr-3221	13	3	:	:	PUNCT
fsr-3221	13	4	�	�	PROPN
fsr-3221	13	5	1	1	NUM
fsr-3221	13	6	-	-	SYM
fsr-3221	13	7	727	727	NUM
fsr-3221	13	8	-	-	PUNCT
fsr-3221	13	9	873	873	NUM
fsr-3221	13	10	-	-	NUM
fsr-3221	13	11	4894	4894	NUM
fsr-3221	13	12	;	;	PUNCT
fsr-3221	13	13	fax	fax	NOUN
fsr-3221	13	14	:	:	PUNCT
fsr-3221	13	15	�	�	PROPN
fsr-3221	13	16	1	1	NUM
fsr-3221	13	17	-	-	SYM
fsr-3221	13	18	727	727	NUM
fsr-3221	13	19	-	-	PUNCT
fsr-3221	13	20	873	873	NUM
fsr-3221	13	21	-	-	NUM
fsr-3221	13	22	4571	4571	NUM
fsr-3221	13	23	.	.	PUNCT
fsr-3221	14	1	e	e	X
fsr-3221	14	2	-	-	NOUN
fsr-3221	14	3	mail	mail	NOUN
fsr-3221	14	4	address	address	NOUN
fsr-3221	14	5	:	:	PUNCT
fsr-3221	14	6	tshank@mail.usf.edu	tshank@mail.usf.edu	NUM
fsr-3221	14	7	(	(	PUNCT
fsr-3221	14	8	t.m	t.m	PROPN
fsr-3221	14	9	.	.	PROPN
fsr-3221	14	10	shank	shank	ADJ
fsr-3221	14	11	)	)	PUNCT
fsr-3221	14	12	financial	financial	ADJ
fsr-3221	14	13	services	service	NOUN
fsr-3221	14	14	review	review	VERB
fsr-3221	14	15	25	25	NUM
fsr-3221	14	16	(	(	PUNCT
fsr-3221	14	17	2016	2016	NUM
fsr-3221	14	18	)	)	PUNCT
fsr-3221	14	19	199–214	199–214	NUM
fsr-3221	14	20	1057	1057	NUM
fsr-3221	14	21	-	-	SYM
fsr-3221	14	22	0810/16/$	0810/16/$	ADV
fsr-3221	14	23	–	–	PUNCT
fsr-3221	14	24	see	see	VERB
fsr-3221	14	25	front	front	ADJ
fsr-3221	14	26	matter	matter	NOUN
fsr-3221	14	27	©	©	PROPN
fsr-3221	14	28	2016	2016	NUM
fsr-3221	14	29	academy	academy	NOUN
fsr-3221	14	30	of	of	ADP
fsr-3221	14	31	financial	financial	ADJ
fsr-3221	14	32	services	service	NOUN
fsr-3221	14	33	.	.	PUNCT
fsr-3221	15	1	all	all	DET
fsr-3221	15	2	rights	right	NOUN
fsr-3221	15	3	reserved	reserve	VERB
fsr-3221	15	4	.	.	PUNCT
fsr-3221	16	1	1	1	X
fsr-3221	16	2	.	.	X
fsr-3221	16	3	introduction	introduction	NOUN
fsr-3221	16	4	over	over	ADP
fsr-3221	16	5	the	the	DET
fsr-3221	16	6	past	past	ADJ
fsr-3221	16	7	two	two	NUM
fsr-3221	16	8	decades	decade	NOUN
fsr-3221	16	9	,	,	PUNCT
fsr-3221	16	10	numerous	numerous	ADJ
fsr-3221	16	11	researchers	researcher	NOUN
fsr-3221	16	12	within	within	ADP
fsr-3221	16	13	the	the	DET
fsr-3221	16	14	financial	financial	ADJ
fsr-3221	16	15	industry	industry	NOUN
fsr-3221	16	16	have	have	AUX
fsr-3221	16	17	attempted	attempt	VERB
fsr-3221	16	18	to	to	PART
fsr-3221	16	19	establish	establish	VERB
fsr-3221	16	20	a	a	DET
fsr-3221	16	21	link	link	NOUN
fsr-3221	16	22	between	between	ADP
fsr-3221	16	23	a	a	DET
fsr-3221	16	24	firm	firm	NOUN
fsr-3221	16	25	’s	’s	PART
fsr-3221	16	26	financial	financial	ADJ
fsr-3221	16	27	performance	performance	NOUN
fsr-3221	16	28	and	and	CCONJ
fsr-3221	16	29	their	their	PRON
fsr-3221	16	30	proclivity	proclivity	NOUN
fsr-3221	16	31	to	to	PART
fsr-3221	16	32	embrace	embrace	VERB
fsr-3221	16	33	sustainable	sustainable	ADJ
fsr-3221	16	34	business	business	NOUN
fsr-3221	16	35	practices	practice	NOUN
fsr-3221	16	36	.	.	PUNCT
fsr-3221	17	1	in	in	ADP
fsr-3221	17	2	doing	do	VERB
fsr-3221	17	3	so	so	ADV
fsr-3221	17	4	,	,	PUNCT
fsr-3221	17	5	these	these	DET
fsr-3221	17	6	researchers	researcher	NOUN
fsr-3221	17	7	have	have	AUX
fsr-3221	17	8	attempted	attempt	VERB
fsr-3221	17	9	to	to	PART
fsr-3221	17	10	find	find	VERB
fsr-3221	17	11	significant	significant	ADJ
fsr-3221	17	12	variance	variance	NOUN
fsr-3221	17	13	between	between	ADP
fsr-3221	17	14	the	the	DET
fsr-3221	17	15	financial	financial	ADJ
fsr-3221	17	16	performance	performance	NOUN
fsr-3221	17	17	of	of	ADP
fsr-3221	17	18	companies	company	NOUN
fsr-3221	17	19	that	that	PRON
fsr-3221	17	20	embrace	embrace	VERB
fsr-3221	17	21	sustainable	sustainable	ADJ
fsr-3221	17	22	business	business	NOUN
fsr-3221	17	23	practices	practice	NOUN
fsr-3221	17	24	and	and	CCONJ
fsr-3221	17	25	those	those	PRON
fsr-3221	17	26	whose	whose	DET
fsr-3221	17	27	concern	concern	NOUN
fsr-3221	17	28	for	for	ADP
fsr-3221	17	29	environmental	environmental	ADJ
fsr-3221	17	30	,	,	PUNCT
fsr-3221	17	31	social	social	ADJ
fsr-3221	17	32	,	,	PUNCT
fsr-3221	17	33	and	and	CCONJ
fsr-3221	17	34	governance	governance	NOUN
fsr-3221	17	35	competencies	competency	NOUN
fsr-3221	17	36	(	(	PUNCT
fsr-3221	17	37	esg	esg	NOUN
fsr-3221	17	38	)	)	PUNCT
fsr-3221	17	39	is	be	AUX
fsr-3221	17	40	less	less	ADV
fsr-3221	17	41	evident	evident	ADJ
fsr-3221	17	42	.	.	PUNCT
fsr-3221	18	1	the	the	DET
fsr-3221	18	2	results	result	NOUN
fsr-3221	18	3	of	of	ADP
fsr-3221	18	4	these	these	DET
fsr-3221	18	5	studies	study	NOUN
fsr-3221	18	6	have	have	VERB
fsr-3221	18	7	relevance	relevance	NOUN
fsr-3221	18	8	not	not	PART
fsr-3221	18	9	only	only	ADV
fsr-3221	18	10	for	for	ADP
fsr-3221	18	11	managers	manager	NOUN
fsr-3221	18	12	,	,	PUNCT
fsr-3221	18	13	analysts	analyst	NOUN
fsr-3221	18	14	,	,	PUNCT
fsr-3221	18	15	and	and	CCONJ
fsr-3221	18	16	investors	investor	NOUN
fsr-3221	18	17	,	,	PUNCT
fsr-3221	18	18	but	but	CCONJ
fsr-3221	18	19	also	also	ADV
fsr-3221	18	20	policymakers	policymaker	NOUN
fsr-3221	18	21	and	and	CCONJ
fsr-3221	18	22	regulators	regulator	NOUN
fsr-3221	18	23	who	who	PRON
fsr-3221	18	24	are	be	AUX
fsr-3221	18	25	increasingly	increasingly	ADV
fsr-3221	18	26	turning	turn	VERB
fsr-3221	18	27	their	their	PRON
fsr-3221	18	28	attention	attention	NOUN
fsr-3221	18	29	to	to	ADP
fsr-3221	18	30	non	non	ADJ
fsr-3221	18	31	-	-	ADJ
fsr-3221	18	32	financial	financial	ADJ
fsr-3221	18	33	outcomes	outcome	NOUN
fsr-3221	18	34	of	of	ADP
fsr-3221	18	35	corporate	corporate	ADJ
fsr-3221	18	36	performance	performance	NOUN
fsr-3221	18	37	.	.	PUNCT
fsr-3221	19	1	given	give	VERB
fsr-3221	19	2	that	that	SCONJ
fsr-3221	19	3	non	non	ADJ
fsr-3221	19	4	-	-	ADJ
fsr-3221	19	5	financial	financial	ADJ
fsr-3221	19	6	aspects	aspect	NOUN
fsr-3221	19	7	of	of	ADP
fsr-3221	19	8	corporate	corporate	ADJ
fsr-3221	19	9	performance	performance	NOUN
fsr-3221	19	10	are	be	AUX
fsr-3221	19	11	less	less	ADV
fsr-3221	19	12	quantifiable	quantifiable	ADJ
fsr-3221	19	13	,	,	PUNCT
fsr-3221	19	14	and	and	CCONJ
fsr-3221	19	15	thus	thus	ADV
fsr-3221	19	16	less	less	ADV
fsr-3221	19	17	readily	readily	ADV
fsr-3221	19	18	identified	identify	VERB
fsr-3221	19	19	by	by	ADP
fsr-3221	19	20	investors	investor	NOUN
fsr-3221	19	21	(	(	PUNCT
fsr-3221	19	22	compared	compare	VERB
fsr-3221	19	23	with	with	ADP
fsr-3221	19	24	the	the	DET
fsr-3221	19	25	traditional	traditional	ADJ
fsr-3221	19	26	financial	financial	ADJ
fsr-3221	19	27	performance	performance	NOUN
fsr-3221	19	28	outcomes	outcome	NOUN
fsr-3221	19	29	)	)	PUNCT
fsr-3221	19	30	,	,	PUNCT
fsr-3221	19	31	informational	informational	ADJ
fsr-3221	19	32	inefficiencies	inefficiency	NOUN
fsr-3221	19	33	can	can	AUX
fsr-3221	19	34	be	be	AUX
fsr-3221	19	35	expected	expect	VERB
fsr-3221	19	36	in	in	ADP
fsr-3221	19	37	stock	stock	NOUN
fsr-3221	19	38	prices	price	NOUN
fsr-3221	19	39	of	of	ADP
fsr-3221	19	40	firms	firm	NOUN
fsr-3221	19	41	who	who	PRON
fsr-3221	19	42	assign	assign	VERB
fsr-3221	19	43	greater	great	ADJ
fsr-3221	19	44	emphasis	emphasis	NOUN
fsr-3221	19	45	to	to	ADP
fsr-3221	19	46	esg	esg	NOUN
fsr-3221	19	47	factors	factor	NOUN
fsr-3221	19	48	.	.	PUNCT
fsr-3221	20	1	presumably	presumably	ADV
fsr-3221	20	2	,	,	PUNCT
fsr-3221	20	3	finance	finance	NOUN
fsr-3221	20	4	theory	theory	NOUN
fsr-3221	20	5	supports	support	VERB
fsr-3221	20	6	the	the	DET
fsr-3221	20	7	argument	argument	NOUN
fsr-3221	20	8	that	that	SCONJ
fsr-3221	20	9	a	a	DET
fsr-3221	20	10	company	company	NOUN
fsr-3221	20	11	’s	’s	PART
fsr-3221	20	12	overall	overall	ADJ
fsr-3221	20	13	value	value	NOUN
fsr-3221	20	14	increases	increase	NOUN
fsr-3221	20	15	as	as	SCONJ
fsr-3221	20	16	it	it	PRON
fsr-3221	20	17	better	well	ADV
fsr-3221	20	18	incorporates	incorporate	VERB
fsr-3221	20	19	sustainable	sustainable	ADJ
fsr-3221	20	20	business	business	NOUN
fsr-3221	20	21	strategies	strategy	NOUN
fsr-3221	20	22	into	into	ADP
fsr-3221	20	23	its	its	PRON
fsr-3221	20	24	operations	operation	NOUN
fsr-3221	20	25	.	.	PUNCT
fsr-3221	21	1	this	this	PRON
fsr-3221	21	2	is	be	AUX
fsr-3221	21	3	based	base	VERB
fsr-3221	21	4	on	on	ADP
fsr-3221	21	5	the	the	DET
fsr-3221	21	6	logical	logical	ADJ
fsr-3221	21	7	connection	connection	NOUN
fsr-3221	21	8	between	between	ADP
fsr-3221	21	9	the	the	DET
fsr-3221	21	10	implementation	implementation	NOUN
fsr-3221	21	11	of	of	ADP
fsr-3221	21	12	such	such	ADJ
fsr-3221	21	13	strategies	strategy	NOUN
fsr-3221	21	14	and	and	CCONJ
fsr-3221	21	15	the	the	DET
fsr-3221	21	16	stabilization	stabilization	NOUN
fsr-3221	21	17	of	of	ADP
fsr-3221	21	18	future	future	ADJ
fsr-3221	21	19	cash	cash	NOUN
fsr-3221	21	20	flows	flow	NOUN
fsr-3221	21	21	and	and	CCONJ
fsr-3221	21	22	reduction	reduction	NOUN
fsr-3221	21	23	of	of	ADP
fsr-3221	21	24	corporate	corporate	ADJ
fsr-3221	21	25	risk	risk	NOUN
fsr-3221	21	26	exposure	exposure	NOUN
fsr-3221	21	27	.	.	PUNCT
fsr-3221	22	1	to	to	ADP
fsr-3221	22	2	date	date	NOUN
fsr-3221	22	3	,	,	PUNCT
fsr-3221	22	4	there	there	PRON
fsr-3221	22	5	has	have	AUX
fsr-3221	22	6	been	be	AUX
fsr-3221	22	7	a	a	DET
fsr-3221	22	8	disparity	disparity	NOUN
fsr-3221	22	9	in	in	ADP
fsr-3221	22	10	the	the	DET
fsr-3221	22	11	results	result	NOUN
fsr-3221	22	12	of	of	ADP
fsr-3221	22	13	existing	exist	VERB
fsr-3221	22	14	corporate	corporate	ADJ
fsr-3221	22	15	sustainability	sustainability	NOUN
fsr-3221	22	16	performance	performance	NOUN
fsr-3221	22	17	(	(	PUNCT
fsr-3221	22	18	csp	csp	PROPN
fsr-3221	22	19	)	)	PUNCT
fsr-3221	22	20	–	–	PUNCT
fsr-3221	22	21	corporate	corporate	ADJ
fsr-3221	22	22	financial	financial	ADJ
fsr-3221	22	23	performance	performance	NOUN
fsr-3221	22	24	(	(	PUNCT
fsr-3221	22	25	cfp	cfp	NOUN
fsr-3221	22	26	)	)	PUNCT
fsr-3221	22	27	studies	study	NOUN
fsr-3221	22	28	,	,	PUNCT
fsr-3221	22	29	much	much	ADJ
fsr-3221	22	30	of	of	ADP
fsr-3221	22	31	which	which	PRON
fsr-3221	22	32	can	can	AUX
fsr-3221	22	33	be	be	AUX
fsr-3221	22	34	attributed	attribute	VERB
fsr-3221	22	35	to	to	ADP
fsr-3221	22	36	the	the	DET
fsr-3221	22	37	ways	way	NOUN
fsr-3221	22	38	in	in	ADP
fsr-3221	22	39	which	which	PRON
fsr-3221	22	40	corporate	corporate	ADJ
fsr-3221	22	41	environmental	environmental	ADJ
fsr-3221	22	42	,	,	PUNCT
fsr-3221	22	43	social	social	ADJ
fsr-3221	22	44	,	,	PUNCT
fsr-3221	22	45	and	and	CCONJ
fsr-3221	22	46	governance	governance	NOUN
fsr-3221	22	47	performance	performance	NOUN
fsr-3221	22	48	are	be	AUX
fsr-3221	22	49	determined	determine	VERB
fsr-3221	22	50	and	and	CCONJ
fsr-3221	22	51	how	how	SCONJ
fsr-3221	22	52	financial	financial	ADJ
fsr-3221	22	53	performance	performance	NOUN
fsr-3221	22	54	is	be	AUX
fsr-3221	22	55	measured	measure	VERB
fsr-3221	22	56	.	.	PUNCT
fsr-3221	23	1	while	while	SCONJ
fsr-3221	23	2	there	there	PRON
fsr-3221	23	3	are	be	VERB
fsr-3221	23	4	many	many	ADJ
fsr-3221	23	5	established	establish	VERB
fsr-3221	23	6	metrics	metric	NOUN
fsr-3221	23	7	for	for	ADP
fsr-3221	23	8	financial	financial	ADJ
fsr-3221	23	9	performance	performance	NOUN
fsr-3221	23	10	,	,	PUNCT
fsr-3221	23	11	including	include	VERB
fsr-3221	23	12	the	the	DET
fsr-3221	23	13	market	market	NOUN
fsr-3221	23	14	price	price	NOUN
fsr-3221	23	15	of	of	ADP
fsr-3221	23	16	a	a	DET
fsr-3221	23	17	firm	firm	NOUN
fsr-3221	23	18	’s	’s	PART
fsr-3221	23	19	stock	stock	NOUN
fsr-3221	23	20	or	or	CCONJ
fsr-3221	23	21	financial	financial	ADJ
fsr-3221	23	22	ratio	ratio	NOUN
fsr-3221	23	23	analyses	analysis	NOUN
fsr-3221	23	24	of	of	ADP
fsr-3221	23	25	historical	historical	ADJ
fsr-3221	23	26	performance	performance	NOUN
fsr-3221	23	27	,	,	PUNCT
fsr-3221	23	28	the	the	DET
fsr-3221	23	29	metrics	metric	NOUN
fsr-3221	23	30	for	for	ADP
fsr-3221	23	31	non	non	ADJ
fsr-3221	23	32	-	-	ADJ
fsr-3221	23	33	financial	financial	ADJ
fsr-3221	23	34	corporate	corporate	ADJ
fsr-3221	23	35	financial	financial	ADJ
fsr-3221	23	36	performance	performance	NOUN
fsr-3221	23	37	are	be	AUX
fsr-3221	23	38	still	still	ADV
fsr-3221	23	39	in	in	ADP
fsr-3221	23	40	the	the	DET
fsr-3221	23	41	early	early	ADJ
fsr-3221	23	42	stages	stage	NOUN
fsr-3221	23	43	of	of	ADP
fsr-3221	23	44	development	development	NOUN
fsr-3221	23	45	.	.	PUNCT
fsr-3221	24	1	for	for	ADP
fsr-3221	24	2	those	those	DET
fsr-3221	24	3	investors	investor	NOUN
fsr-3221	24	4	that	that	PRON
fsr-3221	24	5	believe	believe	VERB
fsr-3221	24	6	csp	csp	PROPN
fsr-3221	24	7	is	be	AUX
fsr-3221	24	8	relevant	relevant	ADJ
fsr-3221	24	9	to	to	ADP
fsr-3221	24	10	the	the	DET
fsr-3221	24	11	firm	firm	ADJ
fsr-3221	24	12	selection	selection	NOUN
fsr-3221	24	13	aspect	aspect	NOUN
fsr-3221	24	14	of	of	ADP
fsr-3221	24	15	their	their	PRON
fsr-3221	24	16	investment	investment	NOUN
fsr-3221	24	17	strategy	strategy	NOUN
fsr-3221	24	18	,	,	PUNCT
fsr-3221	24	19	and	and	CCONJ
fsr-3221	24	20	that	that	SCONJ
fsr-3221	24	21	markets	market	NOUN
fsr-3221	24	22	for	for	ADP
fsr-3221	24	23	sustainable	sustainable	ADJ
fsr-3221	24	24	firm	firm	ADJ
fsr-3221	24	25	equities	equity	NOUN
fsr-3221	24	26	is	be	AUX
fsr-3221	24	27	semi	semi	ADJ
fsr-3221	24	28	-	-	ADJ
fsr-3221	24	29	strong	strong	ADJ
fsr-3221	24	30	–	–	PUNCT
fsr-3221	24	31	form	form	NOUN
fsr-3221	24	32	efficient	efficient	ADJ
fsr-3221	24	33	,	,	PUNCT
fsr-3221	24	34	they	they	PRON
fsr-3221	24	35	have	have	VERB
fsr-3221	24	36	the	the	DET
fsr-3221	24	37	option	option	NOUN
fsr-3221	24	38	of	of	ADP
fsr-3221	24	39	passively	passively	ADV
fsr-3221	24	40	investing	invest	VERB
fsr-3221	24	41	in	in	ADP
fsr-3221	24	42	one	one	NUM
fsr-3221	24	43	of	of	ADP
fsr-3221	24	44	the	the	DET
fsr-3221	24	45	hundreds	hundred	NOUN
fsr-3221	24	46	of	of	ADP
fsr-3221	24	47	“	"	PUNCT
fsr-3221	24	48	socially	socially	ADV
fsr-3221	24	49	responsible	responsible	ADJ
fsr-3221	24	50	”	"	PUNCT
fsr-3221	24	51	mutual	mutual	ADJ
fsr-3221	24	52	funds	fund	NOUN
fsr-3221	24	53	.	.	PUNCT
fsr-3221	25	1	such	such	ADJ
fsr-3221	25	2	mutual	mutual	ADJ
fsr-3221	25	3	funds	fund	NOUN
fsr-3221	25	4	invest	invest	VERB
fsr-3221	25	5	in	in	ADP
fsr-3221	25	6	a	a	DET
fsr-3221	25	7	basket	basket	NOUN
fsr-3221	25	8	of	of	ADP
fsr-3221	25	9	sustainable	sustainable	ADJ
fsr-3221	25	10	companies	company	NOUN
fsr-3221	25	11	,	,	PUNCT
fsr-3221	25	12	selected	select	VERB
fsr-3221	25	13	based	base	VERB
fsr-3221	25	14	on	on	ADP
fsr-3221	25	15	one	one	NUM
fsr-3221	25	16	of	of	ADP
fsr-3221	25	17	the	the	DET
fsr-3221	25	18	myriad	myriad	NOUN
fsr-3221	25	19	of	of	ADP
fsr-3221	25	20	established	establish	VERB
fsr-3221	25	21	rubrics	rubric	NOUN
fsr-3221	25	22	assessing	assess	VERB
fsr-3221	25	23	and	and	CCONJ
fsr-3221	25	24	identifying	identify	VERB
fsr-3221	25	25	these	these	DET
fsr-3221	25	26	companies	company	NOUN
fsr-3221	25	27	.	.	PUNCT
fsr-3221	26	1	alternatively	alternatively	ADV
fsr-3221	26	2	,	,	PUNCT
fsr-3221	26	3	an	an	DET
fsr-3221	26	4	investor	investor	NOUN
fsr-3221	26	5	can	can	AUX
fsr-3221	26	6	adopt	adopt	VERB
fsr-3221	26	7	a	a	DET
fsr-3221	26	8	more	more	ADV
fsr-3221	26	9	active	active	ADJ
fsr-3221	26	10	investing	investing	NOUN
fsr-3221	26	11	approach	approach	NOUN
fsr-3221	26	12	,	,	PUNCT
fsr-3221	26	13	based	base	VERB
fsr-3221	26	14	on	on	ADP
fsr-3221	26	15	their	their	PRON
fsr-3221	26	16	belief	belief	NOUN
fsr-3221	26	17	that	that	SCONJ
fsr-3221	26	18	there	there	PRON
fsr-3221	26	19	are	be	VERB
fsr-3221	26	20	semi	semi	ADJ
fsr-3221	26	21	-	-	ADJ
fsr-3221	26	22	strong	strong	ADJ
fsr-3221	26	23	–	–	PUNCT
fsr-3221	26	24	form	form	NOUN
fsr-3221	26	25	inefficiencies	inefficiency	NOUN
fsr-3221	26	26	for	for	ADP
fsr-3221	26	27	csp	csp	PROPN
fsr-3221	26	28	-	-	PUNCT
fsr-3221	26	29	focused	focused	ADJ
fsr-3221	26	30	firms	firm	NOUN
fsr-3221	26	31	.	.	PUNCT
fsr-3221	27	1	investors	investor	NOUN
fsr-3221	27	2	using	use	VERB
fsr-3221	27	3	this	this	DET
fsr-3221	27	4	approach	approach	NOUN
fsr-3221	27	5	attempt	attempt	NOUN
fsr-3221	27	6	to	to	PART
fsr-3221	27	7	exploit	exploit	VERB
fsr-3221	27	8	informational	informational	ADJ
fsr-3221	27	9	inefficiencies	inefficiency	NOUN
fsr-3221	27	10	in	in	ADP
fsr-3221	27	11	the	the	DET
fsr-3221	27	12	market	market	NOUN
fsr-3221	27	13	for	for	ADP
fsr-3221	27	14	sustainability	sustainability	NOUN
fsr-3221	27	15	-	-	PUNCT
fsr-3221	27	16	focused	focus	VERB
fsr-3221	27	17	firm	firm	ADJ
fsr-3221	27	18	equities	equity	NOUN
fsr-3221	27	19	by	by	ADP
fsr-3221	27	20	selecting	select	VERB
fsr-3221	27	21	“	"	PUNCT
fsr-3221	27	22	sustainable	sustainable	ADJ
fsr-3221	27	23	”	"	PUNCT
fsr-3221	27	24	stocks	stock	NOUN
fsr-3221	27	25	,	,	PUNCT
fsr-3221	27	26	based	base	VERB
fsr-3221	27	27	on	on	ADP
fsr-3221	27	28	a	a	DET
fsr-3221	27	29	more	more	ADJ
fsr-3221	27	30	in	in	ADP
fsr-3221	27	31	-	-	PUNCT
fsr-3221	27	32	depth	depth	NOUN
fsr-3221	27	33	assessment	assessment	NOUN
fsr-3221	27	34	of	of	ADP
fsr-3221	27	35	a	a	DET
fsr-3221	27	36	firm	firm	NOUN
fsr-3221	27	37	’s	’s	PART
fsr-3221	27	38	csp	csp	PROPN
fsr-3221	27	39	.	.	PUNCT
fsr-3221	28	1	this	this	DET
fsr-3221	28	2	study	study	NOUN
fsr-3221	28	3	will	will	AUX
fsr-3221	28	4	(	(	PUNCT
fsr-3221	28	5	1	1	X
fsr-3221	28	6	)	)	PUNCT
fsr-3221	28	7	review	review	VERB
fsr-3221	28	8	existing	exist	VERB
fsr-3221	28	9	literature	literature	NOUN
fsr-3221	28	10	for	for	ADP
fsr-3221	28	11	the	the	DET
fsr-3221	28	12	measurement	measurement	NOUN
fsr-3221	28	13	of	of	ADP
fsr-3221	28	14	csp	csp	PROPN
fsr-3221	28	15	and	and	CCONJ
fsr-3221	28	16	cfp	cfp	PROPN
fsr-3221	28	17	,	,	PUNCT
fsr-3221	28	18	(	(	PUNCT
fsr-3221	28	19	2	2	X
fsr-3221	28	20	)	)	PUNCT
fsr-3221	28	21	examine	examine	VERB
fsr-3221	28	22	how	how	SCONJ
fsr-3221	28	23	csp	csp	PROPN
fsr-3221	28	24	data	datum	NOUN
fsr-3221	28	25	are	be	AUX
fsr-3221	28	26	assimilated	assimilate	VERB
fsr-3221	28	27	into	into	ADP
fsr-3221	28	28	the	the	DET
fsr-3221	28	29	marketplace	marketplace	NOUN
fsr-3221	28	30	,	,	PUNCT
fsr-3221	28	31	and	and	CCONJ
fsr-3221	28	32	(	(	PUNCT
fsr-3221	28	33	3	3	X
fsr-3221	28	34	)	)	PUNCT
fsr-3221	28	35	attempt	attempt	NOUN
fsr-3221	28	36	to	to	PART
fsr-3221	28	37	determine	determine	VERB
fsr-3221	28	38	if	if	SCONJ
fsr-3221	28	39	one	one	NUM
fsr-3221	28	40	of	of	ADP
fsr-3221	28	41	these	these	DET
fsr-3221	28	42	two	two	NUM
fsr-3221	28	43	approaches	approach	NOUN
fsr-3221	28	44	to	to	ADP
fsr-3221	28	45	sustainable	sustainable	ADJ
fsr-3221	28	46	investing	investing	NOUN
fsr-3221	28	47	(	(	PUNCT
fsr-3221	28	48	active	active	ADJ
fsr-3221	28	49	vs.	vs.	CCONJ
fsr-3221	28	50	passive	passive	ADJ
fsr-3221	28	51	;	;	PUNCT
fsr-3221	28	52	not	not	PART
fsr-3221	28	53	taking	take	VERB
fsr-3221	28	54	into	into	ADP
fsr-3221	28	55	account	account	NOUN
fsr-3221	28	56	transaction	transaction	NOUN
fsr-3221	28	57	costs	cost	NOUN
fsr-3221	28	58	)	)	PUNCT
fsr-3221	28	59	would	would	AUX
fsr-3221	28	60	have	have	AUX
fsr-3221	28	61	yielded	yield	VERB
fsr-3221	28	62	better	well	ADJ
fsr-3221	28	63	results	result	NOUN
fsr-3221	28	64	on	on	ADP
fsr-3221	28	65	a	a	DET
fsr-3221	28	66	risk	risk	NOUN
fsr-3221	28	67	-	-	PUNCT
fsr-3221	28	68	adjusted	adjust	VERB
fsr-3221	28	69	basis	basis	NOUN
fsr-3221	28	70	over	over	ADP
fsr-3221	28	71	the	the	DET
fsr-3221	28	72	past	past	ADJ
fsr-3221	28	73	decade	decade	NOUN
fsr-3221	28	74	in	in	ADP
fsr-3221	28	75	global	global	ADJ
fsr-3221	28	76	equity	equity	NOUN
fsr-3221	28	77	markets	market	NOUN
fsr-3221	28	78	.	.	PUNCT
fsr-3221	29	1	our	our	PRON
fsr-3221	29	2	approach	approach	NOUN
fsr-3221	29	3	utilizes	utilize	VERB
fsr-3221	29	4	a	a	DET
fsr-3221	29	5	comparison	comparison	NOUN
fsr-3221	29	6	of	of	ADP
fsr-3221	29	7	market	market	NOUN
fsr-3221	29	8	returns	return	NOUN
fsr-3221	29	9	to	to	ADP
fsr-3221	29	10	those	those	PRON
fsr-3221	29	11	of	of	ADP
fsr-3221	29	12	two	two	NUM
fsr-3221	29	13	sustainable	sustainable	ADJ
fsr-3221	29	14	firm	firm	ADJ
fsr-3221	29	15	portfolios	portfolio	NOUN
fsr-3221	29	16	using	use	VERB
fsr-3221	29	17	four	four	NUM
fsr-3221	29	18	,	,	PUNCT
fsr-3221	29	19	common	common	ADJ
fsr-3221	29	20	risk	risk	NOUN
fsr-3221	29	21	-	-	PUNCT
fsr-3221	29	22	adjusted	adjust	VERB
fsr-3221	29	23	portfolio	portfolio	NOUN
fsr-3221	29	24	performance	performance	NOUN
fsr-3221	29	25	statistics	statistic	NOUN
fsr-3221	29	26	.	.	PUNCT
fsr-3221	30	1	here	here	ADV
fsr-3221	30	2	,	,	PUNCT
fsr-3221	30	3	sustainable	sustainable	ADJ
fsr-3221	30	4	firms	firm	NOUN
fsr-3221	30	5	are	be	AUX
fsr-3221	30	6	separated	separate	VERB
fsr-3221	30	7	into	into	ADP
fsr-3221	30	8	two	two	NUM
fsr-3221	30	9	groups	group	NOUN
fsr-3221	30	10	:	:	PUNCT
fsr-3221	30	11	(	(	PUNCT
fsr-3221	30	12	1	1	X
fsr-3221	30	13	)	)	PUNCT
fsr-3221	30	14	a	a	DET
fsr-3221	30	15	portfolio	portfolio	NOUN
fsr-3221	30	16	of	of	ADP
fsr-3221	30	17	all	all	DET
fsr-3221	30	18	firms	firm	NOUN
fsr-3221	30	19	selected	select	VERB
fsr-3221	30	20	for	for	ADP
fsr-3221	30	21	inclusion	inclusion	NOUN
fsr-3221	30	22	in	in	ADP
fsr-3221	30	23	the	the	DET
fsr-3221	30	24	dow	dow	PROPN
fsr-3221	30	25	jones	jones	PROPN
fsr-3221	30	26	sustainability	sustainability	PROPN
fsr-3221	30	27	index	index	NOUN
fsr-3221	30	28	(	(	PUNCT
fsr-3221	30	29	djsi	djsi	NUM
fsr-3221	30	30	)	)	PUNCT
fsr-3221	30	31	,	,	PUNCT
fsr-3221	30	32	and	and	CCONJ
fsr-3221	30	33	(	(	PUNCT
fsr-3221	30	34	2	2	X
fsr-3221	30	35	)	)	PUNCT
fsr-3221	30	36	a	a	DET
fsr-3221	30	37	separate	separate	ADJ
fsr-3221	30	38	portfolio	portfolio	NOUN
fsr-3221	30	39	of	of	ADP
fsr-3221	30	40	only	only	ADV
fsr-3221	30	41	those	those	DET
fsr-3221	30	42	djsi	djsi	NUM
fsr-3221	30	43	firms	firm	NOUN
fsr-3221	30	44	that	that	PRON
fsr-3221	30	45	were	be	AUX
fsr-3221	30	46	selected	select	VERB
fsr-3221	30	47	as	as	ADP
fsr-3221	30	48	“	"	PUNCT
fsr-3221	30	49	supersector	supersector	NOUN
fsr-3221	30	50	leaders	leader	NOUN
fsr-3221	30	51	.	.	PUNCT
fsr-3221	30	52	”	"	PUNCT
fsr-3221	31	1	200	200	NUM
fsr-3221	31	2	t.m	t.m	PROPN
fsr-3221	31	3	.	.	PROPN
fsr-3221	31	4	shank	shank	PROPN
fsr-3221	31	5	,	,	PUNCT
fsr-3221	31	6	b.	b.	PROPN
fsr-3221	31	7	shockey	shockey	PROPN
fsr-3221	31	8	/	/	SYM
fsr-3221	31	9	financial	financial	ADJ
fsr-3221	31	10	services	service	NOUN
fsr-3221	31	11	review	review	VERB
fsr-3221	31	12	25	25	NUM
fsr-3221	31	13	(	(	PUNCT
fsr-3221	31	14	2016	2016	NUM
fsr-3221	31	15	)	)	PUNCT
fsr-3221	31	16	199–214	199–214	NUM
fsr-3221	31	17	the	the	DET
fsr-3221	31	18	potentially	potentially	ADV
fsr-3221	31	19	unique	unique	ADJ
fsr-3221	31	20	role	role	NOUN
fsr-3221	31	21	of	of	ADP
fsr-3221	31	22	firms	firm	NOUN
fsr-3221	31	23	that	that	PRON
fsr-3221	31	24	the	the	DET
fsr-3221	31	25	djsi	djsi	NOUN
fsr-3221	31	26	identifies	identify	VERB
fsr-3221	31	27	as	as	ADP
fsr-3221	31	28	“	"	PUNCT
fsr-3221	31	29	leaders	leader	NOUN
fsr-3221	31	30	”	"	PUNCT
fsr-3221	31	31	among	among	ADP
fsr-3221	31	32	the	the	DET
fsr-3221	31	33	group	group	NOUN
fsr-3221	31	34	of	of	ADP
fsr-3221	31	35	sustainable	sustainable	ADJ
fsr-3221	31	36	firms	firm	NOUN
fsr-3221	31	37	has	have	VERB
fsr-3221	31	38	scarcely	scarcely	ADV
fsr-3221	31	39	to	to	PART
fsr-3221	31	40	be	be	AUX
fsr-3221	31	41	studied	study	VERB
fsr-3221	31	42	.	.	PUNCT
fsr-3221	32	1	while	while	SCONJ
fsr-3221	32	2	we	we	PRON
fsr-3221	32	3	do	do	AUX
fsr-3221	32	4	not	not	PART
fsr-3221	32	5	find	find	VERB
fsr-3221	32	6	evidence	evidence	NOUN
fsr-3221	32	7	of	of	ADP
fsr-3221	32	8	inefficiencies	inefficiency	NOUN
fsr-3221	32	9	in	in	ADP
fsr-3221	32	10	the	the	DET
fsr-3221	32	11	market	market	NOUN
fsr-3221	32	12	for	for	ADP
fsr-3221	32	13	all	all	DET
fsr-3221	32	14	djsi	djsi	NUM
fsr-3221	32	15	firms	firm	NOUN
fsr-3221	32	16	,	,	PUNCT
fsr-3221	32	17	we	we	PRON
fsr-3221	32	18	do	do	AUX
fsr-3221	32	19	find	find	VERB
fsr-3221	32	20	that	that	SCONJ
fsr-3221	32	21	there	there	PRON
fsr-3221	32	22	are	be	VERB
fsr-3221	32	23	likely	likely	ADJ
fsr-3221	32	24	semi	semi	ADJ
fsr-3221	32	25	-	-	ADJ
fsr-3221	32	26	strong	strong	ADJ
fsr-3221	32	27	inefficiencies	inefficiency	NOUN
fsr-3221	32	28	in	in	ADP
fsr-3221	32	29	the	the	DET
fsr-3221	32	30	market	market	NOUN
fsr-3221	32	31	for	for	ADP
fsr-3221	32	32	“	"	PUNCT
fsr-3221	32	33	leading	leading	ADJ
fsr-3221	32	34	”	"	PUNCT
fsr-3221	32	35	csp	csp	PROPN
fsr-3221	32	36	firms	firm	NOUN
fsr-3221	32	37	,	,	PUNCT
fsr-3221	32	38	as	as	SCONJ
fsr-3221	32	39	evidenced	evidence	VERB
fsr-3221	32	40	by	by	ADP
fsr-3221	32	41	their	their	PRON
fsr-3221	32	42	ability	ability	NOUN
fsr-3221	32	43	to	to	PART
fsr-3221	32	44	earn	earn	VERB
fsr-3221	32	45	abnormal	abnormal	ADJ
fsr-3221	32	46	returns	return	NOUN
fsr-3221	32	47	over	over	ADP
fsr-3221	32	48	the	the	DET
fsr-3221	32	49	period	period	NOUN
fsr-3221	32	50	studied	study	VERB
fsr-3221	32	51	.	.	PUNCT
fsr-3221	33	1	these	these	DET
fsr-3221	33	2	results	result	NOUN
fsr-3221	33	3	imply	imply	VERB
fsr-3221	33	4	that	that	SCONJ
fsr-3221	33	5	an	an	DET
fsr-3221	33	6	active	active	ADJ
fsr-3221	33	7	investing	investing	NOUN
fsr-3221	33	8	approach	approach	NOUN
fsr-3221	33	9	may	may	AUX
fsr-3221	33	10	be	be	AUX
fsr-3221	33	11	useful	useful	ADJ
fsr-3221	33	12	in	in	ADP
fsr-3221	33	13	this	this	DET
fsr-3221	33	14	segment	segment	NOUN
fsr-3221	33	15	of	of	ADP
fsr-3221	33	16	the	the	DET
fsr-3221	33	17	sustainable	sustainable	ADJ
fsr-3221	33	18	-	-	PUNCT
fsr-3221	33	19	firm	firm	NOUN
fsr-3221	33	20	equity	equity	NOUN
fsr-3221	33	21	market	market	NOUN
fsr-3221	33	22	.	.	PUNCT
fsr-3221	34	1	2	2	X
fsr-3221	34	2	.	.	X
fsr-3221	34	3	previous	previous	ADJ
fsr-3221	34	4	research	research	NOUN
fsr-3221	34	5	current	current	ADJ
fsr-3221	34	6	theoretical	theoretical	ADJ
fsr-3221	34	7	discussions	discussion	NOUN
fsr-3221	34	8	of	of	ADP
fsr-3221	34	9	the	the	DET
fsr-3221	34	10	relationship	relationship	NOUN
fsr-3221	34	11	between	between	ADP
fsr-3221	34	12	a	a	DET
fsr-3221	34	13	company	company	NOUN
fsr-3221	34	14	’s	’s	PART
fsr-3221	34	15	financial	financial	ADJ
fsr-3221	34	16	performance	performance	NOUN
fsr-3221	34	17	and	and	CCONJ
fsr-3221	34	18	broader	broader	ADV
fsr-3221	34	19	-	-	PUNCT
fsr-3221	34	20	based	base	VERB
fsr-3221	34	21	assessments	assessment	NOUN
fsr-3221	34	22	of	of	ADP
fsr-3221	34	23	firm	firm	ADJ
fsr-3221	34	24	performance	performance	NOUN
fsr-3221	34	25	attempt	attempt	NOUN
fsr-3221	34	26	to	to	PART
fsr-3221	34	27	yield	yield	VERB
fsr-3221	34	28	insights	insight	NOUN
fsr-3221	34	29	into	into	ADP
fsr-3221	34	30	whether	whether	SCONJ
fsr-3221	34	31	non	non	ADJ
fsr-3221	34	32	-	-	ADJ
fsr-3221	34	33	financial	financial	ADJ
fsr-3221	34	34	performance	performance	NOUN
fsr-3221	34	35	measures	measure	NOUN
fsr-3221	34	36	add	add	VERB
fsr-3221	34	37	any	any	DET
fsr-3221	34	38	new	new	ADJ
fsr-3221	34	39	information	information	NOUN
fsr-3221	34	40	for	for	ADP
fsr-3221	34	41	corporate	corporate	ADJ
fsr-3221	34	42	stakeholders	stakeholder	NOUN
fsr-3221	34	43	,	,	PUNCT
fsr-3221	34	44	especially	especially	ADV
fsr-3221	34	45	investors	investor	NOUN
fsr-3221	34	46	.	.	PUNCT
fsr-3221	35	1	existing	exist	VERB
fsr-3221	35	2	csp	csp	PROPN
fsr-3221	35	3	–	–	PUNCT
fsr-3221	35	4	cfp	cfp	PROPN
fsr-3221	35	5	studies	study	NOUN
fsr-3221	35	6	normally	normally	ADV
fsr-3221	35	7	seek	seek	VERB
fsr-3221	35	8	to	to	PART
fsr-3221	35	9	determine	determine	VERB
fsr-3221	35	10	if	if	SCONJ
fsr-3221	35	11	a	a	DET
fsr-3221	35	12	firm	firm	NOUN
fsr-3221	35	13	’s	’s	PART
fsr-3221	35	14	choice	choice	NOUN
fsr-3221	35	15	of	of	ADP
fsr-3221	35	16	sustainable	sustainable	ADJ
fsr-3221	35	17	business	business	NOUN
fsr-3221	35	18	practices	practice	NOUN
fsr-3221	35	19	enables	enable	VERB
fsr-3221	35	20	it	it	PRON
fsr-3221	35	21	to	to	PART
fsr-3221	35	22	achieve	achieve	VERB
fsr-3221	35	23	better	well	ADJ
fsr-3221	35	24	financial	financial	ADJ
fsr-3221	35	25	results	result	NOUN
fsr-3221	35	26	.	.	PUNCT
fsr-3221	36	1	because	because	SCONJ
fsr-3221	36	2	researchers	researcher	NOUN
fsr-3221	36	3	have	have	AUX
fsr-3221	36	4	used	use	VERB
fsr-3221	36	5	a	a	DET
fsr-3221	36	6	variety	variety	NOUN
fsr-3221	36	7	of	of	ADP
fsr-3221	36	8	traditional	traditional	ADJ
fsr-3221	36	9	metrics	metric	NOUN
fsr-3221	36	10	for	for	ADP
fsr-3221	36	11	financial	financial	ADJ
fsr-3221	36	12	,	,	PUNCT
fsr-3221	36	13	and	and	CCONJ
fsr-3221	36	14	non	non	ADJ
fsr-3221	36	15	-	-	ADJ
fsr-3221	36	16	financial	financial	ADJ
fsr-3221	36	17	performance	performance	NOUN
fsr-3221	36	18	,	,	PUNCT
fsr-3221	36	19	results	result	NOUN
fsr-3221	36	20	have	have	AUX
fsr-3221	36	21	been	be	AUX
fsr-3221	36	22	mixed	mix	VERB
fsr-3221	36	23	(	(	PUNCT
fsr-3221	36	24	see	see	VERB
fsr-3221	36	25	orlitzky	orlitzky	NOUN
fsr-3221	36	26	et	et	PROPN
fsr-3221	36	27	al	al	PROPN
fsr-3221	36	28	.	.	PROPN
fsr-3221	36	29	,	,	PUNCT
fsr-3221	36	30	2003	2003	NUM
fsr-3221	36	31	,	,	PUNCT
fsr-3221	36	32	for	for	ADP
fsr-3221	36	33	meta	meta	NOUN
fsr-3221	36	34	-	-	PUNCT
fsr-3221	36	35	analysis	analysis	NOUN
fsr-3221	36	36	of	of	ADP
fsr-3221	36	37	52	52	NUM
fsr-3221	36	38	studies	study	NOUN
fsr-3221	36	39	)	)	PUNCT
fsr-3221	36	40	.	.	PUNCT
fsr-3221	37	1	some	some	DET
fsr-3221	37	2	studies	study	NOUN
fsr-3221	37	3	have	have	AUX
fsr-3221	37	4	found	find	VERB
fsr-3221	37	5	that	that	SCONJ
fsr-3221	37	6	companies	company	NOUN
fsr-3221	37	7	that	that	PRON
fsr-3221	37	8	demonstrate	demonstrate	VERB
fsr-3221	37	9	stronger	strong	ADJ
fsr-3221	37	10	performance	performance	NOUN
fsr-3221	37	11	in	in	ADP
fsr-3221	37	12	non	non	ADJ
fsr-3221	37	13	-	-	ADJ
fsr-3221	37	14	financial	financial	ADJ
fsr-3221	37	15	areas	area	NOUN
fsr-3221	37	16	,	,	PUNCT
fsr-3221	37	17	such	such	ADJ
fsr-3221	37	18	as	as	ADP
fsr-3221	37	19	environmental	environmental	ADJ
fsr-3221	37	20	,	,	PUNCT
fsr-3221	37	21	social	social	ADJ
fsr-3221	37	22	,	,	PUNCT
fsr-3221	37	23	and	and	CCONJ
fsr-3221	37	24	governance	governance	NOUN
fsr-3221	37	25	(	(	PUNCT
fsr-3221	37	26	esg	esg	NOUN
fsr-3221	37	27	)	)	PUNCT
fsr-3221	37	28	also	also	ADV
fsr-3221	37	29	have	have	VERB
fsr-3221	37	30	comparatively	comparatively	ADV
fsr-3221	37	31	more	more	ADJ
fsr-3221	37	32	financial	financial	ADJ
fsr-3221	37	33	accomplishments	accomplishment	NOUN
fsr-3221	37	34	,	,	PUNCT
fsr-3221	37	35	whereas	whereas	SCONJ
fsr-3221	37	36	others	other	NOUN
fsr-3221	37	37	have	have	AUX
fsr-3221	37	38	failed	fail	VERB
fsr-3221	37	39	to	to	PART
fsr-3221	37	40	establish	establish	VERB
fsr-3221	37	41	that	that	DET
fsr-3221	37	42	link	link	NOUN
fsr-3221	37	43	.	.	PUNCT
fsr-3221	38	1	where	where	SCONJ
fsr-3221	38	2	the	the	DET
fsr-3221	38	3	data	datum	NOUN
fsr-3221	38	4	have	have	AUX
fsr-3221	38	5	supported	support	VERB
fsr-3221	38	6	this	this	DET
fsr-3221	38	7	link	link	NOUN
fsr-3221	38	8	,	,	PUNCT
fsr-3221	38	9	the	the	DET
fsr-3221	38	10	financial	financial	ADJ
fsr-3221	38	11	valuation	valuation	NOUN
fsr-3221	38	12	premise	premise	NOUN
fsr-3221	38	13	follows	follow	VERB
fsr-3221	38	14	that	that	SCONJ
fsr-3221	38	15	firm	firm	ADJ
fsr-3221	38	16	value	value	NOUN
fsr-3221	38	17	is	be	AUX
fsr-3221	38	18	increased	increase	VERB
fsr-3221	38	19	because	because	SCONJ
fsr-3221	38	20	sustainability	sustainability	NOUN
fsr-3221	38	21	practices	practice	NOUN
fsr-3221	38	22	stabilize	stabilize	VERB
fsr-3221	38	23	future	future	ADJ
fsr-3221	38	24	cash	cash	NOUN
fsr-3221	38	25	flows	flow	NOUN
fsr-3221	38	26	and	and	CCONJ
fsr-3221	38	27	lower	low	ADJ
fsr-3221	38	28	forward	forward	ADJ
fsr-3221	38	29	risk	risk	NOUN
fsr-3221	38	30	.	.	PUNCT
fsr-3221	39	1	the	the	DET
fsr-3221	39	2	question	question	NOUN
fsr-3221	39	3	that	that	SCONJ
fsr-3221	39	4	investors	investor	NOUN
fsr-3221	39	5	must	must	AUX
fsr-3221	39	6	consider	consider	VERB
fsr-3221	39	7	is	be	AUX
fsr-3221	39	8	whether	whether	SCONJ
fsr-3221	39	9	such	such	ADJ
fsr-3221	39	10	information	information	NOUN
fsr-3221	39	11	is	be	AUX
fsr-3221	39	12	already	already	ADV
fsr-3221	39	13	reflected	reflect	VERB
fsr-3221	39	14	in	in	ADP
fsr-3221	39	15	market	market	NOUN
fsr-3221	39	16	prices	price	NOUN
fsr-3221	39	17	.	.	PUNCT
fsr-3221	40	1	if	if	SCONJ
fsr-3221	40	2	not	not	PART
fsr-3221	40	3	,	,	PUNCT
fsr-3221	40	4	investors	investor	NOUN
fsr-3221	40	5	should	should	AUX
fsr-3221	40	6	endeavor	endeavor	VERB
fsr-3221	40	7	to	to	PART
fsr-3221	40	8	identify	identify	VERB
fsr-3221	40	9	those	those	DET
fsr-3221	40	10	firms	firm	NOUN
fsr-3221	40	11	whose	whose	DET
fsr-3221	40	12	equity	equity	NOUN
fsr-3221	40	13	values	value	NOUN
fsr-3221	40	14	do	do	AUX
fsr-3221	40	15	not	not	PART
fsr-3221	40	16	yet	yet	ADV
fsr-3221	40	17	fully	fully	ADV
fsr-3221	40	18	reflect	reflect	VERB
fsr-3221	40	19	their	their	PRON
fsr-3221	40	20	non	non	ADJ
fsr-3221	40	21	-	-	ADJ
fsr-3221	40	22	financial	financial	ADJ
fsr-3221	40	23	efforts	effort	NOUN
fsr-3221	40	24	.	.	PUNCT
fsr-3221	41	1	in	in	ADP
fsr-3221	41	2	investment	investment	NOUN
fsr-3221	41	3	analysis	analysis	NOUN
fsr-3221	41	4	,	,	PUNCT
fsr-3221	41	5	such	such	ADJ
fsr-3221	41	6	firms	firm	NOUN
fsr-3221	41	7	would	would	AUX
fsr-3221	41	8	be	be	AUX
fsr-3221	41	9	considered	consider	VERB
fsr-3221	41	10	“	"	PUNCT
fsr-3221	41	11	undervalued	undervalued	ADJ
fsr-3221	41	12	”	"	PUNCT
fsr-3221	41	13	and	and	CCONJ
fsr-3221	41	14	good	good	ADJ
fsr-3221	41	15	candidates	candidate	NOUN
fsr-3221	41	16	for	for	ADP
fsr-3221	41	17	addition	addition	NOUN
fsr-3221	41	18	to	to	ADP
fsr-3221	41	19	a	a	DET
fsr-3221	41	20	value	value	NOUN
fsr-3221	41	21	-	-	PUNCT
fsr-3221	41	22	focused	focus	VERB
fsr-3221	41	23	portfolio	portfolio	NOUN
fsr-3221	41	24	of	of	ADP
fsr-3221	41	25	corporate	corporate	ADJ
fsr-3221	41	26	stocks	stock	NOUN
fsr-3221	41	27	.	.	PUNCT
fsr-3221	42	1	2.1	2.1	NUM
fsr-3221	42	2	.	.	PUNCT
fsr-3221	42	3	measuring	measure	VERB
fsr-3221	42	4	corporate	corporate	ADJ
fsr-3221	42	5	sustainability	sustainability	NOUN
fsr-3221	42	6	performance	performance	NOUN
fsr-3221	42	7	:	:	PUNCT
fsr-3221	42	8	existing	exist	VERB
fsr-3221	42	9	studies	study	NOUN
fsr-3221	42	10	the	the	DET
fsr-3221	42	11	growing	grow	VERB
fsr-3221	42	12	market	market	NOUN
fsr-3221	42	13	for	for	ADP
fsr-3221	42	14	ratings	rating	NOUN
fsr-3221	42	15	of	of	ADP
fsr-3221	42	16	non	non	ADJ
fsr-3221	42	17	-	-	ADJ
fsr-3221	42	18	financial	financial	ADJ
fsr-3221	42	19	performance	performance	NOUN
fsr-3221	42	20	is	be	AUX
fsr-3221	42	21	partially	partially	ADV
fsr-3221	42	22	driven	drive	VERB
fsr-3221	42	23	by	by	ADP
fsr-3221	42	24	the	the	DET
fsr-3221	42	25	investor	investor	NOUN
fsr-3221	42	26	’s	’s	PART
fsr-3221	42	27	need	need	NOUN
fsr-3221	42	28	for	for	ADP
fsr-3221	42	29	more	more	ADJ
fsr-3221	42	30	(	(	PUNCT
fsr-3221	42	31	and	and	CCONJ
fsr-3221	42	32	better	well	ADJ
fsr-3221	42	33	)	)	PUNCT
fsr-3221	42	34	information	information	NOUN
fsr-3221	42	35	about	about	ADP
fsr-3221	42	36	public	public	ADJ
fsr-3221	42	37	companies	company	NOUN
fsr-3221	42	38	’	'	PUNCT
fsr-3221	42	39	environmental	environmental	ADJ
fsr-3221	42	40	,	,	PUNCT
fsr-3221	42	41	social	social	ADJ
fsr-3221	42	42	,	,	PUNCT
fsr-3221	42	43	and	and	CCONJ
fsr-3221	42	44	governance	governance	NOUN
fsr-3221	42	45	activities	activity	NOUN
fsr-3221	42	46	.	.	PUNCT
fsr-3221	43	1	as	as	SCONJ
fsr-3221	43	2	analysts	analyst	NOUN
fsr-3221	43	3	seek	seek	VERB
fsr-3221	43	4	insight	insight	NOUN
fsr-3221	43	5	into	into	ADP
fsr-3221	43	6	future	future	ADJ
fsr-3221	43	7	financial	financial	ADJ
fsr-3221	43	8	performance	performance	NOUN
fsr-3221	43	9	,	,	PUNCT
fsr-3221	43	10	they	they	PRON
fsr-3221	43	11	are	be	AUX
fsr-3221	43	12	increasingly	increasingly	ADV
fsr-3221	43	13	examining	examine	VERB
fsr-3221	43	14	other	other	ADJ
fsr-3221	43	15	aspects	aspect	NOUN
fsr-3221	43	16	of	of	ADP
fsr-3221	43	17	firm	firm	ADJ
fsr-3221	43	18	output	output	NOUN
fsr-3221	43	19	that	that	PRON
fsr-3221	43	20	are	be	AUX
fsr-3221	43	21	less	less	ADV
fsr-3221	43	22	-	-	PUNCT
fsr-3221	43	23	obvious	obvious	ADJ
fsr-3221	43	24	,	,	PUNCT
fsr-3221	43	25	and	and	CCONJ
fsr-3221	43	26	perhaps	perhaps	ADV
fsr-3221	43	27	,	,	PUNCT
fsr-3221	43	28	not	not	PART
fsr-3221	43	29	yet	yet	ADV
fsr-3221	43	30	priced	price	VERB
fsr-3221	43	31	by	by	ADP
fsr-3221	43	32	financial	financial	ADJ
fsr-3221	43	33	market	market	NOUN
fsr-3221	43	34	participants	participant	NOUN
fsr-3221	43	35	.	.	PUNCT
fsr-3221	44	1	such	such	ADJ
fsr-3221	44	2	non	non	ADJ
fsr-3221	44	3	-	-	ADJ
fsr-3221	44	4	financial	financial	ADJ
fsr-3221	44	5	measures	measure	NOUN
fsr-3221	44	6	face	face	VERB
fsr-3221	44	7	greater	great	ADJ
fsr-3221	44	8	scrutiny	scrutiny	NOUN
fsr-3221	44	9	as	as	SCONJ
fsr-3221	44	10	investors	investor	NOUN
fsr-3221	44	11	attempt	attempt	VERB
fsr-3221	44	12	to	to	PART
fsr-3221	44	13	(	(	PUNCT
fsr-3221	44	14	1	1	X
fsr-3221	44	15	)	)	PUNCT
fsr-3221	44	16	identify	identify	VERB
fsr-3221	44	17	which	which	DET
fsr-3221	44	18	aspects	aspect	NOUN
fsr-3221	44	19	of	of	ADP
fsr-3221	44	20	sustainability	sustainability	NOUN
fsr-3221	44	21	most	most	ADV
fsr-3221	44	22	highly	highly	ADV
fsr-3221	44	23	correlate	correlate	ADJ
fsr-3221	44	24	with	with	ADP
fsr-3221	44	25	inclusion	inclusion	NOUN
fsr-3221	44	26	in	in	ADP
fsr-3221	44	27	“	"	PUNCT
fsr-3221	44	28	sustainable	sustainable	ADJ
fsr-3221	44	29	funds	fund	NOUN
fsr-3221	44	30	”	"	PUNCT
fsr-3221	44	31	and	and	CCONJ
fsr-3221	44	32	(	(	PUNCT
fsr-3221	44	33	2	2	X
fsr-3221	44	34	)	)	PUNCT
fsr-3221	44	35	discover	discover	VERB
fsr-3221	44	36	which	which	PRON
fsr-3221	44	37	of	of	ADP
fsr-3221	44	38	these	these	DET
fsr-3221	44	39	aspects	aspect	NOUN
fsr-3221	44	40	most	most	ADV
fsr-3221	44	41	frequently	frequently	ADV
fsr-3221	44	42	contribute	contribute	VERB
fsr-3221	44	43	to	to	ADP
fsr-3221	44	44	future	future	ADJ
fsr-3221	44	45	financial	financial	ADJ
fsr-3221	44	46	success	success	NOUN
fsr-3221	44	47	.	.	PUNCT
fsr-3221	45	1	for	for	ADP
fsr-3221	45	2	example	example	NOUN
fsr-3221	45	3	,	,	PUNCT
fsr-3221	45	4	berry	berry	NOUN
fsr-3221	45	5	and	and	CCONJ
fsr-3221	45	6	junkus	junku	NOUN
fsr-3221	45	7	(	(	PUNCT
fsr-3221	45	8	2013	2013	NUM
fsr-3221	45	9	)	)	PUNCT
fsr-3221	45	10	found	find	VERB
fsr-3221	45	11	that	that	SCONJ
fsr-3221	45	12	(	(	PUNCT
fsr-3221	45	13	1	1	X
fsr-3221	45	14	)	)	PUNCT
fsr-3221	45	15	investors	investor	NOUN
fsr-3221	45	16	generally	generally	ADV
fsr-3221	45	17	consider	consider	VERB
fsr-3221	45	18	environmental	environmental	ADJ
fsr-3221	45	19	practices	practice	NOUN
fsr-3221	45	20	to	to	PART
fsr-3221	45	21	be	be	AUX
fsr-3221	45	22	the	the	DET
fsr-3221	45	23	most	most	ADV
fsr-3221	45	24	important	important	ADJ
fsr-3221	45	25	aspect	aspect	NOUN
fsr-3221	45	26	of	of	ADP
fsr-3221	45	27	a	a	DET
fsr-3221	45	28	firm	firm	NOUN
fsr-3221	45	29	’s	’s	PART
fsr-3221	45	30	sustainability	sustainability	NOUN
fsr-3221	45	31	performance	performance	NOUN
fsr-3221	45	32	,	,	PUNCT
fsr-3221	45	33	and	and	CCONJ
fsr-3221	45	34	(	(	PUNCT
fsr-3221	45	35	2	2	X
fsr-3221	45	36	)	)	PUNCT
fsr-3221	45	37	that	that	PRON
fsr-3221	45	38	investors	investor	NOUN
fsr-3221	45	39	prefer	prefer	VERB
fsr-3221	45	40	to	to	PART
fsr-3221	45	41	reward	reward	VERB
fsr-3221	45	42	firms	firm	NOUN
fsr-3221	45	43	that	that	PRON
fsr-3221	45	44	display	display	VERB
fsr-3221	45	45	positive	positive	ADJ
fsr-3221	45	46	social	social	ADJ
fsr-3221	45	47	behavior	behavior	NOUN
fsr-3221	45	48	(	(	PUNCT
fsr-3221	45	49	i.e.	i.e.	X
fsr-3221	45	50	,	,	PUNCT
fsr-3221	45	51	“	"	PUNCT
fsr-3221	45	52	positive	positive	ADJ
fsr-3221	45	53	screening	screening	NOUN
fsr-3221	45	54	”	"	PUNCT
fsr-3221	45	55	)	)	PUNCT
fsr-3221	45	56	rather	rather	ADV
fsr-3221	45	57	than	than	ADP
fsr-3221	45	58	excluding	exclude	VERB
fsr-3221	45	59	firms	firm	NOUN
fsr-3221	45	60	for	for	ADP
fsr-3221	45	61	particular	particular	ADJ
fsr-3221	45	62	products	product	NOUN
fsr-3221	45	63	or	or	CCONJ
fsr-3221	45	64	practices	practice	NOUN
fsr-3221	45	65	(	(	PUNCT
fsr-3221	45	66	“	"	PUNCT
fsr-3221	45	67	negative	negative	ADJ
fsr-3221	45	68	screening	screening	NOUN
fsr-3221	45	69	”	"	PUNCT
fsr-3221	45	70	)	)	PUNCT
fsr-3221	45	71	.	.	PUNCT
fsr-3221	46	1	flammer	flammer	NOUN
fsr-3221	46	2	(	(	PUNCT
fsr-3221	46	3	2013	2013	NUM
fsr-3221	46	4	)	)	PUNCT
fsr-3221	46	5	finds	find	VERB
fsr-3221	46	6	“	"	PUNCT
fsr-3221	46	7	that	that	SCONJ
fsr-3221	46	8	companies	company	NOUN
fsr-3221	46	9	reported	report	VERB
fsr-3221	46	10	to	to	PART
fsr-3221	46	11	have	have	AUX
fsr-3221	46	12	behaved	behave	VERB
fsr-3221	46	13	responsibly	responsibly	ADV
fsr-3221	46	14	toward	toward	ADP
fsr-3221	46	15	the	the	DET
fsr-3221	46	16	environment	environment	NOUN
fsr-3221	46	17	experience	experience	VERB
fsr-3221	46	18	a	a	DET
fsr-3221	46	19	significant	significant	ADJ
fsr-3221	46	20	stock	stock	NOUN
fsr-3221	46	21	increase	increase	NOUN
fsr-3221	46	22	.	.	PUNCT
fsr-3221	46	23	”	"	PUNCT
fsr-3221	47	1	201t.m	201t.m	X
fsr-3221	47	2	.	.	PUNCT
fsr-3221	47	3	shank	shank	PROPN
fsr-3221	47	4	,	,	PUNCT
fsr-3221	47	5	b.	b.	PROPN
fsr-3221	47	6	shockey	shockey	PROPN
fsr-3221	47	7	/	/	SYM
fsr-3221	47	8	financial	financial	ADJ
fsr-3221	47	9	services	service	NOUN
fsr-3221	47	10	review	review	VERB
fsr-3221	47	11	25	25	NUM
fsr-3221	47	12	(	(	PUNCT
fsr-3221	47	13	2016	2016	NUM
fsr-3221	47	14	)	)	PUNCT
fsr-3221	47	15	199–214	199–214	NUM
fsr-3221	47	16	one	one	NUM
fsr-3221	47	17	of	of	ADP
fsr-3221	47	18	the	the	DET
fsr-3221	47	19	shortcomings	shortcoming	NOUN
fsr-3221	47	20	of	of	ADP
fsr-3221	47	21	such	such	ADJ
fsr-3221	47	22	existing	exist	VERB
fsr-3221	47	23	studies	study	NOUN
fsr-3221	47	24	is	be	AUX
fsr-3221	47	25	that	that	SCONJ
fsr-3221	47	26	social	social	ADJ
fsr-3221	47	27	and	and	CCONJ
fsr-3221	47	28	environmental	environmental	ADJ
fsr-3221	47	29	performances	performance	NOUN
fsr-3221	47	30	are	be	AUX
fsr-3221	47	31	distinct	distinct	ADJ
fsr-3221	47	32	,	,	PUNCT
fsr-3221	47	33	non	non	ADJ
fsr-3221	47	34	-	-	ADJ
fsr-3221	47	35	financial	financial	ADJ
fsr-3221	47	36	outputs	output	NOUN
fsr-3221	47	37	.	.	PUNCT
fsr-3221	48	1	moreover	moreover	ADV
fsr-3221	48	2	,	,	PUNCT
fsr-3221	48	3	non	non	ADJ
fsr-3221	48	4	-	-	ADJ
fsr-3221	48	5	financial	financial	ADJ
fsr-3221	48	6	performance	performance	NOUN
fsr-3221	48	7	has	have	AUX
fsr-3221	48	8	not	not	PART
fsr-3221	48	9	,	,	PUNCT
fsr-3221	48	10	historically	historically	ADV
fsr-3221	48	11	,	,	PUNCT
fsr-3221	48	12	been	be	AUX
fsr-3221	48	13	measured	measure	VERB
fsr-3221	48	14	and	and	CCONJ
fsr-3221	48	15	reported	report	VERB
fsr-3221	48	16	on	on	ADP
fsr-3221	48	17	a	a	DET
fsr-3221	48	18	large	large	ADJ
fsr-3221	48	19	scale	scale	NOUN
fsr-3221	48	20	to	to	ADP
fsr-3221	48	21	the	the	DET
fsr-3221	48	22	investing	investing	NOUN
fsr-3221	48	23	public	public	NOUN
fsr-3221	48	24	.	.	PUNCT
fsr-3221	49	1	therefore	therefore	ADV
fsr-3221	49	2	,	,	PUNCT
fsr-3221	49	3	comprehensive	comprehensive	ADJ
fsr-3221	49	4	assessments	assessment	NOUN
fsr-3221	49	5	of	of	ADP
fsr-3221	49	6	csp	csp	PROPN
fsr-3221	49	7	have	have	AUX
fsr-3221	49	8	been	be	AUX
fsr-3221	49	9	difficult	difficult	ADJ
fsr-3221	49	10	.	.	PUNCT
fsr-3221	50	1	there	there	PRON
fsr-3221	50	2	have	have	AUX
fsr-3221	50	3	been	be	AUX
fsr-3221	50	4	a	a	DET
fsr-3221	50	5	number	number	NOUN
fsr-3221	50	6	of	of	ADP
fsr-3221	50	7	recent	recent	ADJ
fsr-3221	50	8	attempts	attempt	NOUN
fsr-3221	50	9	,	,	PUNCT
fsr-3221	50	10	however	however	ADV
fsr-3221	50	11	,	,	PUNCT
fsr-3221	50	12	to	to	PART
fsr-3221	50	13	develop	develop	VERB
fsr-3221	50	14	broad	broad	ADV
fsr-3221	50	15	-	-	PUNCT
fsr-3221	50	16	based	base	VERB
fsr-3221	50	17	measures	measure	NOUN
fsr-3221	50	18	of	of	ADP
fsr-3221	50	19	sustainability	sustainability	NOUN
fsr-3221	50	20	to	to	PART
fsr-3221	50	21	better	well	ADV
fsr-3221	50	22	inform	inform	VERB
fsr-3221	50	23	investors	investor	NOUN
fsr-3221	50	24	about	about	ADP
fsr-3221	50	25	a	a	DET
fsr-3221	50	26	firm	firm	NOUN
fsr-3221	50	27	’s	’s	PART
fsr-3221	50	28	non	non	ADJ
fsr-3221	50	29	-	-	ADJ
fsr-3221	50	30	financial	financial	ADJ
fsr-3221	50	31	performance	performance	NOUN
fsr-3221	50	32	.	.	PUNCT
fsr-3221	51	1	these	these	DET
fsr-3221	51	2	measures	measure	NOUN
fsr-3221	51	3	represent	represent	VERB
fsr-3221	51	4	an	an	DET
fsr-3221	51	5	improvement	improvement	NOUN
fsr-3221	51	6	on	on	ADP
fsr-3221	51	7	existing	exist	VERB
fsr-3221	51	8	measures	measure	NOUN
fsr-3221	51	9	that	that	PRON
fsr-3221	51	10	are	be	AUX
fsr-3221	51	11	based	base	VERB
fsr-3221	51	12	on	on	ADP
fsr-3221	51	13	a	a	DET
fsr-3221	51	14	single	single	ADJ
fsr-3221	51	15	sustainability	sustainability	NOUN
fsr-3221	51	16	component	component	NOUN
fsr-3221	51	17	—	—	PUNCT
fsr-3221	51	18	social	social	ADJ
fsr-3221	51	19	,	,	PUNCT
fsr-3221	51	20	environmental	environmental	ADJ
fsr-3221	51	21	,	,	PUNCT
fsr-3221	51	22	or	or	CCONJ
fsr-3221	51	23	governance	governance	NOUN
fsr-3221	51	24	.	.	PUNCT
fsr-3221	52	1	the	the	DET
fsr-3221	52	2	inclusion	inclusion	NOUN
fsr-3221	52	3	of	of	ADP
fsr-3221	52	4	all	all	DET
fsr-3221	52	5	three	three	NUM
fsr-3221	52	6	focus	focus	NOUN
fsr-3221	52	7	areas	area	NOUN
fsr-3221	52	8	seems	seem	VERB
fsr-3221	52	9	to	to	PART
fsr-3221	52	10	be	be	AUX
fsr-3221	52	11	,	,	PUNCT
fsr-3221	52	12	in	in	ADP
fsr-3221	52	13	part	part	NOUN
fsr-3221	52	14	,	,	PUNCT
fsr-3221	52	15	motivated	motivate	VERB
fsr-3221	52	16	by	by	ADP
fsr-3221	52	17	the	the	DET
fsr-3221	52	18	hierarchical	hierarchical	ADJ
fsr-3221	52	19	structure	structure	NOUN
fsr-3221	52	20	of	of	ADP
fsr-3221	52	21	the	the	DET
fsr-3221	52	22	1997	1997	NUM
fsr-3221	52	23	global	global	ADJ
fsr-3221	52	24	reporting	reporting	NOUN
fsr-3221	52	25	initiative	initiative	NOUN
fsr-3221	52	26	(	(	PUNCT
fsr-3221	52	27	see	see	VERB
fsr-3221	52	28	labuschagne	labuschagne	NOUN
fsr-3221	52	29	et	et	NOUN
fsr-3221	52	30	al	al	PROPN
fsr-3221	52	31	.	.	PROPN
fsr-3221	52	32	,	,	PUNCT
fsr-3221	52	33	2004	2004	NUM
fsr-3221	52	34	)	)	PUNCT
fsr-3221	52	35	as	as	SCONJ
fsr-3221	52	36	many	many	ADJ
fsr-3221	52	37	of	of	ADP
fsr-3221	52	38	the	the	DET
fsr-3221	52	39	most	most	ADV
fsr-3221	52	40	popular	popular	ADJ
fsr-3221	52	41	comprehensive	comprehensive	ADJ
fsr-3221	52	42	rating	rating	NOUN
fsr-3221	52	43	systems	system	NOUN
fsr-3221	52	44	were	be	AUX
fsr-3221	52	45	developed	develop	VERB
fsr-3221	52	46	in	in	ADP
fsr-3221	52	47	the	the	DET
fsr-3221	52	48	early	early	ADJ
fsr-3221	52	49	2000s	2000s	NUM
fsr-3221	52	50	.	.	PUNCT
fsr-3221	53	1	while	while	SCONJ
fsr-3221	53	2	previous	previous	ADJ
fsr-3221	53	3	studies	study	NOUN
fsr-3221	53	4	that	that	PRON
fsr-3221	53	5	focus	focus	VERB
fsr-3221	53	6	on	on	ADP
fsr-3221	53	7	a	a	DET
fsr-3221	53	8	single	single	ADJ
fsr-3221	53	9	facet	facet	NOUN
fsr-3221	53	10	of	of	ADP
fsr-3221	53	11	non	non	ADJ
fsr-3221	53	12	-	-	ADJ
fsr-3221	53	13	financial	financial	ADJ
fsr-3221	53	14	performance	performance	NOUN
fsr-3221	53	15	are	be	AUX
fsr-3221	53	16	important	important	ADJ
fsr-3221	53	17	to	to	ADP
fsr-3221	53	18	the	the	DET
fsr-3221	53	19	evolution	evolution	NOUN
fsr-3221	53	20	of	of	ADP
fsr-3221	53	21	thought	thought	NOUN
fsr-3221	53	22	on	on	ADP
fsr-3221	53	23	the	the	DET
fsr-3221	53	24	topic	topic	NOUN
fsr-3221	53	25	,	,	PUNCT
fsr-3221	53	26	more	more	ADJ
fsr-3221	53	27	recent	recent	ADJ
fsr-3221	53	28	studies	study	NOUN
fsr-3221	53	29	of	of	ADP
fsr-3221	53	30	the	the	DET
fsr-3221	53	31	csp	csp	PROPN
fsr-3221	53	32	–	–	PUNCT
fsr-3221	53	33	cfp	cfp	PROPN
fsr-3221	53	34	relationship	relationship	NOUN
fsr-3221	53	35	utilize	utilize	VERB
fsr-3221	53	36	a	a	DET
fsr-3221	53	37	more	more	ADV
fsr-3221	53	38	inclusive	inclusive	ADJ
fsr-3221	53	39	and	and	CCONJ
fsr-3221	53	40	multifaceted	multifaceted	ADJ
fsr-3221	53	41	approach	approach	NOUN
fsr-3221	53	42	to	to	ADP
fsr-3221	53	43	rating	rate	VERB
fsr-3221	53	44	a	a	DET
fsr-3221	53	45	firm	firm	NOUN
fsr-3221	53	46	’s	’s	PART
fsr-3221	53	47	social/	social/	NUM
fsr-3221	53	48	environmental	environmental	ADJ
fsr-3221	53	49	/	/	SYM
fsr-3221	53	50	governance	governance	NOUN
fsr-3221	53	51	performance	performance	NOUN
fsr-3221	53	52	.	.	PUNCT
fsr-3221	54	1	some	some	PRON
fsr-3221	54	2	of	of	ADP
fsr-3221	54	3	the	the	DET
fsr-3221	54	4	more	more	ADV
fsr-3221	54	5	notable	notable	ADJ
fsr-3221	54	6	rating	rating	NOUN
fsr-3221	54	7	systems	system	NOUN
fsr-3221	54	8	which	which	PRON
fsr-3221	54	9	attempt	attempt	VERB
fsr-3221	54	10	to	to	PART
fsr-3221	54	11	measure	measure	VERB
fsr-3221	54	12	sustainability	sustainability	NOUN
fsr-3221	54	13	performance	performance	NOUN
fsr-3221	54	14	by	by	ADP
fsr-3221	54	15	considering	consider	VERB
fsr-3221	54	16	all	all	DET
fsr-3221	54	17	three	three	NUM
fsr-3221	54	18	of	of	ADP
fsr-3221	54	19	these	these	DET
fsr-3221	54	20	corporate	corporate	ADJ
fsr-3221	54	21	outputs	output	NOUN
fsr-3221	54	22	include	include	VERB
fsr-3221	54	23	the	the	DET
fsr-3221	54	24	domini	domini	PROPN
fsr-3221	54	25	social	social	ADJ
fsr-3221	54	26	400	400	NUM
fsr-3221	54	27	stock	stock	NOUN
fsr-3221	54	28	index	index	NOUN
fsr-3221	54	29	(	(	PUNCT
fsr-3221	54	30	see	see	VERB
fsr-3221	54	31	baird	baird	PROPN
fsr-3221	54	32	et	et	PROPN
fsr-3221	54	33	al	al	PROPN
fsr-3221	54	34	.	.	PROPN
fsr-3221	54	35	,	,	PUNCT
fsr-3221	54	36	2012	2012	NUM
fsr-3221	54	37	)	)	PUNCT
fsr-3221	54	38	,	,	PUNCT
fsr-3221	54	39	the	the	DET
fsr-3221	54	40	djsi	djsi	NOUN
fsr-3221	54	41	,	,	PUNCT
fsr-3221	54	42	and	and	CCONJ
fsr-3221	54	43	the	the	DET
fsr-3221	54	44	financial	financial	ADJ
fsr-3221	54	45	times	times	PROPN
fsr-3221	54	46	sustainability	sustainability	NOUN
fsr-3221	54	47	index	index	NOUN
fsr-3221	54	48	(	(	PUNCT
fsr-3221	54	49	ftse4good	ftse4good	PROPN
fsr-3221	54	50	)	)	PUNCT
fsr-3221	54	51	,	,	PUNCT
fsr-3221	54	52	as	as	ADV
fsr-3221	54	53	well	well	ADV
fsr-3221	54	54	as	as	ADP
fsr-3221	54	55	a	a	DET
fsr-3221	54	56	large	large	ADJ
fsr-3221	54	57	number	number	NOUN
fsr-3221	54	58	of	of	ADP
fsr-3221	54	59	other	other	ADJ
fsr-3221	54	60	comprehensive	comprehensive	ADJ
fsr-3221	54	61	benchmarks	benchmark	NOUN
fsr-3221	54	62	dedicated	dedicate	VERB
fsr-3221	54	63	to	to	ADP
fsr-3221	54	64	corporate	corporate	ADJ
fsr-3221	54	65	stocks	stock	NOUN
fsr-3221	54	66	of	of	ADP
fsr-3221	54	67	a	a	DET
fsr-3221	54	68	particular	particular	ADJ
fsr-3221	54	69	country	country	NOUN
fsr-3221	54	70	or	or	CCONJ
fsr-3221	54	71	geographic	geographic	ADJ
fsr-3221	54	72	region	region	NOUN
fsr-3221	54	73	(	(	PUNCT
fsr-3221	54	74	www.world-exchanges.org/sustainability/m-7–0.php	www.world-exchanges.org/sustainability/m-7–0.php	VERB
fsr-3221	54	75	)	)	PUNCT
fsr-3221	54	76	.	.	PUNCT
fsr-3221	55	1	as	as	SCONJ
fsr-3221	55	2	indicated	indicate	VERB
fsr-3221	55	3	by	by	ADP
fsr-3221	55	4	the	the	DET
fsr-3221	55	5	types	type	NOUN
fsr-3221	55	6	of	of	ADP
fsr-3221	55	7	firms	firm	NOUN
fsr-3221	55	8	that	that	PRON
fsr-3221	55	9	have	have	AUX
fsr-3221	55	10	developed	develop	VERB
fsr-3221	55	11	these	these	DET
fsr-3221	55	12	comprehensive	comprehensive	ADJ
fsr-3221	55	13	assessments	assessment	NOUN
fsr-3221	55	14	,	,	PUNCT
fsr-3221	55	15	the	the	DET
fsr-3221	55	16	primary	primary	ADJ
fsr-3221	55	17	driving	driving	NOUN
fsr-3221	55	18	force	force	NOUN
fsr-3221	55	19	behind	behind	ADP
fsr-3221	55	20	these	these	DET
fsr-3221	55	21	new	new	ADJ
fsr-3221	55	22	measures	measure	NOUN
fsr-3221	55	23	was	be	AUX
fsr-3221	55	24	investor	investor	NOUN
fsr-3221	55	25	’s	’s	PART
fsr-3221	55	26	unmet	unmet	NOUN
fsr-3221	55	27	need	need	VERB
fsr-3221	55	28	for	for	ADP
fsr-3221	55	29	better	well	ADJ
fsr-3221	55	30	information	information	NOUN
fsr-3221	55	31	upon	upon	SCONJ
fsr-3221	55	32	which	which	PRON
fsr-3221	55	33	to	to	PART
fsr-3221	55	34	select	select	VERB
fsr-3221	55	35	sustainable	sustainable	ADJ
fsr-3221	55	36	companies	company	NOUN
fsr-3221	55	37	for	for	ADP
fsr-3221	55	38	inclusion	inclusion	NOUN
fsr-3221	55	39	in	in	ADP
fsr-3221	55	40	their	their	PRON
fsr-3221	55	41	portfolios	portfolio	NOUN
fsr-3221	55	42	.	.	PUNCT
fsr-3221	56	1	more	more	ADJ
fsr-3221	56	2	recent	recent	ADJ
fsr-3221	56	3	studies	study	NOUN
fsr-3221	56	4	of	of	ADP
fsr-3221	56	5	these	these	DET
fsr-3221	56	6	sustainability	sustainability	NOUN
fsr-3221	56	7	indices	index	NOUN
fsr-3221	56	8	attempt	attempt	VERB
fsr-3221	56	9	to	to	PART
fsr-3221	56	10	assess	assess	VERB
fsr-3221	56	11	the	the	DET
fsr-3221	56	12	financial	financial	ADJ
fsr-3221	56	13	impact	impact	NOUN
fsr-3221	56	14	of	of	ADP
fsr-3221	56	15	a	a	DET
fsr-3221	56	16	firm	firm	NOUN
fsr-3221	56	17	’s	’s	PART
fsr-3221	56	18	addition	addition	NOUN
fsr-3221	56	19	to	to	ADP
fsr-3221	56	20	or	or	CCONJ
fsr-3221	56	21	removal	removal	NOUN
fsr-3221	56	22	from	from	ADP
fsr-3221	56	23	a	a	DET
fsr-3221	56	24	particular	particular	ADJ
fsr-3221	56	25	index	index	NOUN
fsr-3221	56	26	.	.	PUNCT
fsr-3221	57	1	from	from	ADP
fsr-3221	57	2	an	an	DET
fsr-3221	57	3	investor	investor	NOUN
fsr-3221	57	4	’s	’s	PART
fsr-3221	57	5	point	point	NOUN
fsr-3221	57	6	of	of	ADP
fsr-3221	57	7	view	view	NOUN
fsr-3221	57	8	,	,	PUNCT
fsr-3221	57	9	we	we	PRON
fsr-3221	57	10	assume	assume	VERB
fsr-3221	57	11	the	the	DET
fsr-3221	57	12	addition	addition	NOUN
fsr-3221	57	13	of	of	ADP
fsr-3221	57	14	a	a	DET
fsr-3221	57	15	company	company	NOUN
fsr-3221	57	16	to	to	ADP
fsr-3221	57	17	a	a	DET
fsr-3221	57	18	list	list	NOUN
fsr-3221	57	19	would	would	AUX
fsr-3221	57	20	result	result	VERB
fsr-3221	57	21	in	in	ADP
fsr-3221	57	22	a	a	DET
fsr-3221	57	23	financial	financial	ADJ
fsr-3221	57	24	market	market	NOUN
fsr-3221	57	25	benefit	benefit	NOUN
fsr-3221	57	26	stemming	stem	VERB
fsr-3221	57	27	from	from	ADP
fsr-3221	57	28	the	the	DET
fsr-3221	57	29	recognition	recognition	NOUN
fsr-3221	57	30	of	of	ADP
fsr-3221	57	31	the	the	DET
fsr-3221	57	32	firm	firm	NOUN
fsr-3221	57	33	’s	’s	PART
fsr-3221	57	34	sustainability	sustainability	NOUN
fsr-3221	57	35	efforts	effort	NOUN
fsr-3221	57	36	,	,	PUNCT
fsr-3221	57	37	and	and	CCONJ
fsr-3221	57	38	enhanced	enhance	VERB
fsr-3221	57	39	future	future	ADJ
fsr-3221	57	40	value	value	NOUN
fsr-3221	57	41	.	.	PUNCT
fsr-3221	58	1	robinson	robinson	PROPN
fsr-3221	58	2	et	et	PROPN
fsr-3221	58	3	al	al	PROPN
fsr-3221	58	4	.	.	PROPN
fsr-3221	59	1	(	(	PUNCT
fsr-3221	59	2	2011	2011	NUM
fsr-3221	59	3	)	)	PUNCT
fsr-3221	59	4	find	find	VERB
fsr-3221	59	5	that	that	SCONJ
fsr-3221	59	6	although	although	SCONJ
fsr-3221	59	7	there	there	PRON
fsr-3221	59	8	is	be	VERB
fsr-3221	59	9	a	a	DET
fsr-3221	59	10	sustained	sustained	ADJ
fsr-3221	59	11	increase	increase	NOUN
fsr-3221	59	12	in	in	ADP
fsr-3221	59	13	the	the	DET
fsr-3221	59	14	financial	financial	ADJ
fsr-3221	59	15	value	value	NOUN
fsr-3221	59	16	of	of	ADP
fsr-3221	59	17	a	a	DET
fsr-3221	59	18	firm	firm	NOUN
fsr-3221	59	19	that	that	PRON
fsr-3221	59	20	is	be	AUX
fsr-3221	59	21	added	add	VERB
fsr-3221	59	22	to	to	ADP
fsr-3221	59	23	the	the	DET
fsr-3221	59	24	djsi	djsi	NOUN
fsr-3221	59	25	,	,	PUNCT
fsr-3221	59	26	there	there	PRON
fsr-3221	59	27	is	be	VERB
fsr-3221	59	28	an	an	DET
fsr-3221	59	29	insignificant	insignificant	ADJ
fsr-3221	59	30	effect	effect	NOUN
fsr-3221	59	31	when	when	SCONJ
fsr-3221	59	32	a	a	DET
fsr-3221	59	33	firm	firm	NOUN
fsr-3221	59	34	is	be	AUX
fsr-3221	59	35	removed	remove	VERB
fsr-3221	59	36	.	.	PUNCT
fsr-3221	60	1	conversely	conversely	ADV
fsr-3221	60	2	,	,	PUNCT
fsr-3221	60	3	doh	doh	PROPN
fsr-3221	60	4	et	et	PROPN
fsr-3221	60	5	al	al	PROPN
fsr-3221	60	6	.	.	PROPN
fsr-3221	61	1	(	(	PUNCT
fsr-3221	61	2	2010	2010	NUM
fsr-3221	61	3	)	)	PUNCT
fsr-3221	61	4	assert	assert	VERB
fsr-3221	61	5	that	that	SCONJ
fsr-3221	61	6	there	there	PRON
fsr-3221	61	7	is	be	VERB
fsr-3221	61	8	more	more	ADJ
fsr-3221	61	9	meaning	meaning	NOUN
fsr-3221	61	10	in	in	ADP
fsr-3221	61	11	being	be	AUX
fsr-3221	61	12	removed	remove	VERB
fsr-3221	61	13	from	from	ADP
fsr-3221	61	14	a	a	DET
fsr-3221	61	15	comprehensive	comprehensive	ADJ
fsr-3221	61	16	sustainability	sustainability	NOUN
fsr-3221	61	17	index	index	NOUN
fsr-3221	61	18	(	(	PUNCT
fsr-3221	61	19	i.e.	i.e.	X
fsr-3221	61	20	,	,	PUNCT
fsr-3221	61	21	the	the	DET
fsr-3221	61	22	domini	domini	PROPN
fsr-3221	61	23	social	social	ADJ
fsr-3221	61	24	400	400	NUM
fsr-3221	61	25	)	)	PUNCT
fsr-3221	61	26	,	,	PUNCT
fsr-3221	61	27	than	than	ADP
fsr-3221	61	28	being	be	AUX
fsr-3221	61	29	added	add	VERB
fsr-3221	61	30	;	;	PUNCT
fsr-3221	61	31	which	which	PRON
fsr-3221	61	32	results	result	VERB
fsr-3221	61	33	in	in	ADP
fsr-3221	61	34	no	no	DET
fsr-3221	61	35	significant	significant	ADJ
fsr-3221	61	36	impact	impact	NOUN
fsr-3221	61	37	.	.	PUNCT
fsr-3221	62	1	with	with	ADP
fsr-3221	62	2	such	such	ADJ
fsr-3221	62	3	mixed	mixed	ADJ
fsr-3221	62	4	results	result	NOUN
fsr-3221	62	5	,	,	PUNCT
fsr-3221	62	6	it	it	PRON
fsr-3221	62	7	seems	seem	VERB
fsr-3221	62	8	that	that	SCONJ
fsr-3221	62	9	little	little	ADJ
fsr-3221	62	10	informational	informational	ADJ
fsr-3221	62	11	value	value	NOUN
fsr-3221	62	12	is	be	AUX
fsr-3221	62	13	gleaned	glean	VERB
fsr-3221	62	14	by	by	ADP
fsr-3221	62	15	simply	simply	ADV
fsr-3221	62	16	examining	examine	VERB
fsr-3221	62	17	the	the	DET
fsr-3221	62	18	financial	financial	ADJ
fsr-3221	62	19	performance	performance	NOUN
fsr-3221	62	20	firms	firm	NOUN
fsr-3221	62	21	that	that	PRON
fsr-3221	62	22	are	be	AUX
fsr-3221	62	23	being	be	AUX
fsr-3221	62	24	added	add	VERB
fsr-3221	62	25	to	to	ADP
fsr-3221	62	26	or	or	CCONJ
fsr-3221	62	27	removed	remove	VERB
fsr-3221	62	28	from	from	ADP
fsr-3221	62	29	these	these	DET
fsr-3221	62	30	sustainable	sustainable	ADJ
fsr-3221	62	31	indices	index	NOUN
fsr-3221	62	32	.	.	PUNCT
fsr-3221	63	1	2.2	2.2	NUM
fsr-3221	63	2	.	.	PUNCT
fsr-3221	63	3	measuring	measure	VERB
fsr-3221	63	4	corporate	corporate	ADJ
fsr-3221	63	5	financial	financial	ADJ
fsr-3221	63	6	performance	performance	NOUN
fsr-3221	63	7	the	the	DET
fsr-3221	63	8	measurement	measurement	NOUN
fsr-3221	63	9	of	of	ADP
fsr-3221	63	10	firm	firm	ADJ
fsr-3221	63	11	financial	financial	ADJ
fsr-3221	63	12	performance	performance	NOUN
fsr-3221	63	13	is	be	AUX
fsr-3221	63	14	well	well	ADV
fsr-3221	63	15	-	-	PUNCT
fsr-3221	63	16	established	establish	VERB
fsr-3221	63	17	,	,	PUNCT
fsr-3221	63	18	although	although	SCONJ
fsr-3221	63	19	there	there	PRON
fsr-3221	63	20	are	be	VERB
fsr-3221	63	21	two	two	NUM
fsr-3221	63	22	distinct	distinct	ADJ
fsr-3221	63	23	approaches	approach	NOUN
fsr-3221	63	24	to	to	ADP
fsr-3221	63	25	financial	financial	ADJ
fsr-3221	63	26	metrics	metric	NOUN
fsr-3221	63	27	used	use	VERB
fsr-3221	63	28	in	in	ADP
fsr-3221	63	29	prior	prior	ADJ
fsr-3221	63	30	csp	csp	PROPN
fsr-3221	63	31	–	–	PUNCT
fsr-3221	63	32	cfp	cfp	PROPN
fsr-3221	63	33	studies	study	NOUN
fsr-3221	63	34	.	.	PUNCT
fsr-3221	64	1	existing	exist	VERB
fsr-3221	64	2	studies	study	NOUN
fsr-3221	64	3	focus	focus	VERB
fsr-3221	64	4	on	on	ADP
fsr-3221	64	5	accountingor	accountingor	ADJ
fsr-3221	64	6	market	market	NOUN
fsr-3221	64	7	-	-	PUNCT
fsr-3221	64	8	based	base	VERB
fsr-3221	64	9	measures	measure	NOUN
fsr-3221	64	10	.	.	PUNCT
fsr-3221	65	1	the	the	DET
fsr-3221	65	2	findings	finding	NOUN
fsr-3221	65	3	of	of	ADP
fsr-3221	65	4	such	such	ADJ
fsr-3221	65	5	studies	study	NOUN
fsr-3221	65	6	do	do	AUX
fsr-3221	65	7	often	often	ADV
fsr-3221	65	8	show	show	VERB
fsr-3221	65	9	that	that	SCONJ
fsr-3221	65	10	sustainability	sustainability	NOUN
fsr-3221	65	11	practices	practice	NOUN
fsr-3221	65	12	are	be	AUX
fsr-3221	65	13	more	more	ADV
fsr-3221	65	14	apparent	apparent	ADJ
fsr-3221	65	15	in	in	ADP
fsr-3221	65	16	one	one	NUM
fsr-3221	65	17	financial	financial	ADJ
fsr-3221	65	18	metric	metric	NOUN
fsr-3221	65	19	versus	versus	ADP
fsr-3221	65	20	the	the	DET
fsr-3221	65	21	other	other	ADJ
fsr-3221	65	22	type	type	NOUN
fsr-3221	65	23	.	.	PUNCT
fsr-3221	66	1	for	for	ADP
fsr-3221	66	2	example	example	NOUN
fsr-3221	66	3	,	,	PUNCT
fsr-3221	66	4	orlititzky	orlititzky	PROPN
fsr-3221	66	5	’s	’s	PART
fsr-3221	66	6	(	(	PUNCT
fsr-3221	66	7	2003	2003	NUM
fsr-3221	66	8	)	)	PUNCT
fsr-3221	66	9	meta	meta	VERB
fsr-3221	66	10	-	-	PUNCT
fsr-3221	66	11	analysis	analysis	NOUN
fsr-3221	66	12	that	that	PRON
fsr-3221	66	13	examined	examine	VERB
fsr-3221	66	14	52	52	NUM
fsr-3221	66	15	prior	prior	ADJ
fsr-3221	66	16	studies	study	NOUN
fsr-3221	66	17	dating	date	VERB
fsr-3221	66	18	back	back	ADV
fsr-3221	66	19	to	to	ADP
fsr-3221	66	20	1975	1975	NUM
fsr-3221	66	21	found	find	VERB
fsr-3221	66	22	that	that	SCONJ
fsr-3221	66	23	accounting	accounting	NOUN
fsr-3221	66	24	based	base	VERB
fsr-3221	66	25	measures	measure	NOUN
fsr-3221	66	26	of	of	ADP
fsr-3221	66	27	financial	financial	ADJ
fsr-3221	66	28	performance	performance	NOUN
fsr-3221	66	29	better	well	ADV
fsr-3221	66	30	reflected	reflect	VERB
fsr-3221	66	31	csr	csr	NOUN
fsr-3221	66	32	efforts	effort	NOUN
fsr-3221	66	33	compared	compare	VERB
fsr-3221	66	34	to	to	ADP
fsr-3221	66	35	market	market	NOUN
fsr-3221	66	36	-	-	PUNCT
fsr-3221	66	37	based	base	VERB
fsr-3221	66	38	measures	measure	NOUN
fsr-3221	66	39	.	.	PUNCT
fsr-3221	67	1	many	many	ADJ
fsr-3221	67	2	studies	study	NOUN
fsr-3221	67	3	,	,	PUNCT
fsr-3221	67	4	such	such	ADJ
fsr-3221	67	5	as	as	ADP
fsr-3221	67	6	rodgers	rodger	NOUN
fsr-3221	67	7	et	et	PROPN
fsr-3221	67	8	al	al	PROPN
fsr-3221	67	9	.	.	PROPN
fsr-3221	67	10	(	(	PUNCT
fsr-3221	67	11	2013	2013	NUM
fsr-3221	67	12	)	)	PUNCT
fsr-3221	67	13	find	find	VERB
fsr-3221	67	14	202	202	NUM
fsr-3221	67	15	t.m	t.m	PROPN
fsr-3221	67	16	.	.	PROPN
fsr-3221	67	17	shank	shank	PROPN
fsr-3221	67	18	,	,	PUNCT
fsr-3221	67	19	b.	b.	PROPN
fsr-3221	67	20	shockey	shockey	PROPN
fsr-3221	67	21	/	/	SYM
fsr-3221	67	22	financial	financial	ADJ
fsr-3221	67	23	services	service	NOUN
fsr-3221	67	24	review	review	VERB
fsr-3221	67	25	25	25	NUM
fsr-3221	67	26	(	(	PUNCT
fsr-3221	67	27	2016	2016	NUM
fsr-3221	67	28	)	)	PUNCT
fsr-3221	67	29	199–214	199–214	NUM
fsr-3221	67	30	that	that	SCONJ
fsr-3221	67	31	a	a	DET
fsr-3221	67	32	firm	firm	NOUN
fsr-3221	67	33	’s	’s	PART
fsr-3221	67	34	csr	csr	NOUN
fsr-3221	67	35	commitment	commitment	NOUN
fsr-3221	67	36	leads	lead	VERB
fsr-3221	67	37	to	to	ADP
fsr-3221	67	38	better	well	ADJ
fsr-3221	67	39	financial	financial	ADJ
fsr-3221	67	40	performance	performance	NOUN
fsr-3221	67	41	on	on	ADP
fsr-3221	67	42	both	both	CCONJ
fsr-3221	67	43	accountingbased	accountingbase	VERB
fsr-3221	67	44	and	and	CCONJ
fsr-3221	67	45	market	market	NOUN
fsr-3221	67	46	-	-	PUNCT
fsr-3221	67	47	based	base	VERB
fsr-3221	67	48	financial	financial	ADJ
fsr-3221	67	49	metrics	metric	NOUN
fsr-3221	67	50	.	.	PUNCT
fsr-3221	68	1	overall	overall	ADJ
fsr-3221	68	2	,	,	PUNCT
fsr-3221	68	3	most	most	ADJ
fsr-3221	68	4	recent	recent	ADJ
fsr-3221	68	5	studies	study	NOUN
fsr-3221	68	6	,	,	PUNCT
fsr-3221	68	7	whether	whether	SCONJ
fsr-3221	68	8	using	use	VERB
fsr-3221	68	9	accounting	accounting	NOUN
fsr-3221	68	10	-	-	PUNCT
fsr-3221	68	11	based	base	VERB
fsr-3221	68	12	measures	measure	NOUN
fsr-3221	68	13	(	(	PUNCT
fsr-3221	68	14	see	see	VERB
fsr-3221	68	15	ameer	ameer	PROPN
fsr-3221	68	16	et	et	PROPN
fsr-3221	68	17	al	al	PROPN
fsr-3221	68	18	.	.	PROPN
fsr-3221	68	19	,	,	PUNCT
fsr-3221	68	20	2012	2012	NUM
fsr-3221	68	21	;	;	PUNCT
fsr-3221	68	22	lopez	lopez	PROPN
fsr-3221	68	23	et	et	PROPN
fsr-3221	68	24	al	al	PROPN
fsr-3221	68	25	.	.	PROPN
fsr-3221	68	26	,	,	PUNCT
fsr-3221	68	27	2007	2007	NUM
fsr-3221	68	28	)	)	PUNCT
fsr-3221	68	29	or	or	CCONJ
fsr-3221	68	30	market	market	NOUN
fsr-3221	68	31	-	-	PUNCT
fsr-3221	68	32	based	base	VERB
fsr-3221	68	33	measures	measure	NOUN
fsr-3221	68	34	(	(	PUNCT
fsr-3221	68	35	see	see	VERB
fsr-3221	68	36	hill	hill	PROPN
fsr-3221	68	37	et	et	PROPN
fsr-3221	68	38	al	al	PROPN
fsr-3221	68	39	.	.	PROPN
fsr-3221	68	40	,	,	PUNCT
fsr-3221	68	41	2007	2007	NUM
fsr-3221	68	42	;	;	PUNCT
fsr-3221	68	43	shank	shank	VERB
fsr-3221	68	44	et	et	PROPN
fsr-3221	68	45	al	al	PROPN
fsr-3221	68	46	.	.	PROPN
fsr-3221	68	47	,	,	PUNCT
fsr-3221	68	48	2005	2005	NUM
fsr-3221	68	49	)	)	PUNCT
fsr-3221	68	50	have	have	AUX
fsr-3221	68	51	found	find	VERB
fsr-3221	68	52	that	that	SCONJ
fsr-3221	68	53	financial	financial	ADJ
fsr-3221	68	54	value	value	NOUN
fsr-3221	68	55	is	be	AUX
fsr-3221	68	56	created	create	VERB
fsr-3221	68	57	when	when	SCONJ
fsr-3221	68	58	firms	firm	NOUN
fsr-3221	68	59	are	be	AUX
fsr-3221	68	60	recognized	recognize	VERB
fsr-3221	68	61	as	as	ADP
fsr-3221	68	62	being	be	AUX
fsr-3221	68	63	relatively	relatively	ADV
fsr-3221	68	64	more	more	ADJ
fsr-3221	68	65	sustainability	sustainability	NOUN
fsr-3221	68	66	-	-	PUNCT
fsr-3221	68	67	focused	focused	ADJ
fsr-3221	68	68	than	than	ADP
fsr-3221	68	69	their	their	PRON
fsr-3221	68	70	peers	peer	NOUN
fsr-3221	68	71	.	.	PUNCT
fsr-3221	69	1	the	the	DET
fsr-3221	69	2	question	question	NOUN
fsr-3221	69	3	that	that	PRON
fsr-3221	69	4	arises	arise	VERB
fsr-3221	69	5	for	for	ADP
fsr-3221	69	6	sustainability	sustainability	NOUN
fsr-3221	69	7	-	-	PUNCT
fsr-3221	69	8	focused	focus	VERB
fsr-3221	69	9	investors	investor	NOUN
fsr-3221	69	10	is	be	AUX
fsr-3221	69	11	how	how	SCONJ
fsr-3221	69	12	to	to	PART
fsr-3221	69	13	best	well	ADV
fsr-3221	69	14	identify	identify	VERB
fsr-3221	69	15	firms	firm	NOUN
fsr-3221	69	16	that	that	PRON
fsr-3221	69	17	are	be	AUX
fsr-3221	69	18	making	make	VERB
fsr-3221	69	19	a	a	DET
fsr-3221	69	20	long	long	ADJ
fsr-3221	69	21	-	-	PUNCT
fsr-3221	69	22	term	term	NOUN
fsr-3221	69	23	strategic	strategic	ADJ
fsr-3221	69	24	commitment	commitment	NOUN
fsr-3221	69	25	to	to	ADP
fsr-3221	69	26	sustainability	sustainability	NOUN
fsr-3221	69	27	.	.	PUNCT
fsr-3221	70	1	investors	investor	NOUN
fsr-3221	70	2	that	that	PRON
fsr-3221	70	3	want	want	VERB
fsr-3221	70	4	to	to	PART
fsr-3221	70	5	reward	reward	VERB
fsr-3221	70	6	such	such	ADJ
fsr-3221	70	7	commitment	commitment	NOUN
fsr-3221	70	8	by	by	ADP
fsr-3221	70	9	a	a	DET
fsr-3221	70	10	firm	firm	NOUN
fsr-3221	70	11	,	,	PUNCT
fsr-3221	70	12	and	and	CCONJ
fsr-3221	70	13	seek	seek	VERB
fsr-3221	70	14	to	to	PART
fsr-3221	70	15	achieve	achieve	VERB
fsr-3221	70	16	above	above	ADP
fsr-3221	70	17	-	-	PUNCT
fsr-3221	70	18	market	market	NOUN
fsr-3221	70	19	performance	performance	NOUN
fsr-3221	70	20	by	by	ADP
fsr-3221	70	21	purchasing	purchase	VERB
fsr-3221	70	22	these	these	DET
fsr-3221	70	23	potentially	potentially	ADV
fsr-3221	70	24	undervalued	undervalue	VERB
fsr-3221	70	25	stocks	stock	NOUN
fsr-3221	70	26	would	would	AUX
fsr-3221	70	27	benefit	benefit	VERB
fsr-3221	70	28	significantly	significantly	ADV
fsr-3221	70	29	from	from	ADP
fsr-3221	70	30	greater	great	ADJ
fsr-3221	70	31	insight	insight	NOUN
fsr-3221	70	32	into	into	ADP
fsr-3221	70	33	the	the	DET
fsr-3221	70	34	risk	risk	NOUN
fsr-3221	70	35	-	-	PUNCT
fsr-3221	70	36	return	return	NOUN
fsr-3221	70	37	tradeoffs	tradeoff	NOUN
fsr-3221	70	38	of	of	ADP
fsr-3221	70	39	such	such	ADJ
fsr-3221	70	40	securities	security	NOUN
fsr-3221	70	41	.	.	PUNCT
fsr-3221	71	1	commitment	commitment	NOUN
fsr-3221	71	2	to	to	ADP
fsr-3221	71	3	sustainability	sustainability	NOUN
fsr-3221	71	4	would	would	AUX
fsr-3221	71	5	seem	seem	VERB
fsr-3221	71	6	a	a	DET
fsr-3221	71	7	continuum	continuum	ADJ
fsr-3221	71	8	,	,	PUNCT
fsr-3221	71	9	with	with	ADP
fsr-3221	71	10	some	some	DET
fsr-3221	71	11	firms	firm	NOUN
fsr-3221	71	12	embracing	embrace	VERB
fsr-3221	71	13	sustainable	sustainable	ADJ
fsr-3221	71	14	business	business	NOUN
fsr-3221	71	15	practices	practice	NOUN
fsr-3221	71	16	to	to	ADP
fsr-3221	71	17	a	a	DET
fsr-3221	71	18	greater	great	ADJ
fsr-3221	71	19	extent	extent	NOUN
fsr-3221	71	20	than	than	ADP
fsr-3221	71	21	others	other	NOUN
fsr-3221	71	22	.	.	PUNCT
fsr-3221	72	1	several	several	ADJ
fsr-3221	72	2	recent	recent	ADJ
fsr-3221	72	3	csp	csp	PROPN
fsr-3221	72	4	–	–	PUNCT
fsr-3221	72	5	cfp	cfp	PROPN
fsr-3221	72	6	studies	study	NOUN
fsr-3221	72	7	have	have	AUX
fsr-3221	72	8	found	find	VERB
fsr-3221	72	9	that	that	SCONJ
fsr-3221	72	10	a	a	DET
fsr-3221	72	11	firm	firm	NOUN
fsr-3221	72	12	’s	’s	PART
fsr-3221	72	13	level	level	NOUN
fsr-3221	72	14	of	of	ADP
fsr-3221	72	15	commitment	commitment	NOUN
fsr-3221	72	16	does	do	AUX
fsr-3221	72	17	matter	matter	VERB
fsr-3221	72	18	in	in	ADP
fsr-3221	72	19	whether	whether	SCONJ
fsr-3221	72	20	the	the	DET
fsr-3221	72	21	firm	firm	NOUN
fsr-3221	72	22	enjoys	enjoy	VERB
fsr-3221	72	23	the	the	DET
fsr-3221	72	24	financial	financial	ADJ
fsr-3221	72	25	rewards	reward	NOUN
fsr-3221	72	26	of	of	ADP
fsr-3221	72	27	a	a	DET
fsr-3221	72	28	sustainable	sustainable	ADJ
fsr-3221	72	29	strategy	strategy	NOUN
fsr-3221	72	30	.	.	PUNCT
fsr-3221	73	1	barnett	barnett	PROPN
fsr-3221	73	2	and	and	CCONJ
fsr-3221	73	3	salomon	salomon	PROPN
fsr-3221	73	4	(	(	PUNCT
fsr-3221	73	5	2012	2012	NUM
fsr-3221	73	6	)	)	PUNCT
fsr-3221	73	7	find	find	VERB
fsr-3221	73	8	,	,	PUNCT
fsr-3221	73	9	after	after	ADP
fsr-3221	73	10	categorizing	categorize	VERB
fsr-3221	73	11	companies	company	NOUN
fsr-3221	73	12	as	as	ADP
fsr-3221	73	13	“	"	PUNCT
fsr-3221	73	14	low	low	ADJ
fsr-3221	73	15	,	,	PUNCT
fsr-3221	73	16	”	"	PUNCT
fsr-3221	73	17	“	"	PUNCT
fsr-3221	73	18	moderate	moderate	ADJ
fsr-3221	73	19	,	,	PUNCT
fsr-3221	73	20	”	"	PUNCT
fsr-3221	73	21	or	or	CCONJ
fsr-3221	73	22	“	"	PUNCT
fsr-3221	73	23	high	high	ADJ
fsr-3221	73	24	”	"	PUNCT
fsr-3221	73	25	csp	csp	PROPN
fsr-3221	73	26	firms	firm	NOUN
fsr-3221	73	27	,	,	PUNCT
fsr-3221	73	28	that	that	SCONJ
fsr-3221	73	29	those	those	PRON
fsr-3221	73	30	with	with	ADP
fsr-3221	73	31	high	high	ADJ
fsr-3221	73	32	csp	csp	PROPN
fsr-3221	73	33	have	have	AUX
fsr-3221	73	34	the	the	DET
fsr-3221	73	35	highest	high	ADJ
fsr-3221	73	36	cfp	cfp	NOUN
fsr-3221	73	37	,	,	PUNCT
fsr-3221	73	38	arguing	argue	VERB
fsr-3221	73	39	that	that	SCONJ
fsr-3221	73	40	whether	whether	SCONJ
fsr-3221	73	41	it	it	PRON
fsr-3221	73	42	pays	pay	VERB
fsr-3221	73	43	to	to	PART
fsr-3221	73	44	be	be	AUX
fsr-3221	73	45	good	good	ADJ
fsr-3221	73	46	depends	depend	VERB
fsr-3221	73	47	on	on	ADP
fsr-3221	73	48	how	how	SCONJ
fsr-3221	73	49	well	well	ADV
fsr-3221	73	50	a	a	DET
fsr-3221	73	51	company	company	NOUN
fsr-3221	73	52	is	be	AUX
fsr-3221	73	53	able	able	ADJ
fsr-3221	73	54	to	to	PART
fsr-3221	73	55	capitalize	capitalize	VERB
fsr-3221	73	56	on	on	ADP
fsr-3221	73	57	its	its	PRON
fsr-3221	73	58	sustainability	sustainability	NOUN
fsr-3221	73	59	efforts	effort	NOUN
fsr-3221	73	60	.	.	PUNCT
fsr-3221	74	1	similarly	similarly	ADV
fsr-3221	74	2	,	,	PUNCT
fsr-3221	74	3	lourenco	lourenco	PROPN
fsr-3221	74	4	et	et	PROPN
fsr-3221	74	5	al	al	PROPN
fsr-3221	74	6	.	.	PROPN
fsr-3221	75	1	(	(	PUNCT
fsr-3221	75	2	2012	2012	NUM
fsr-3221	75	3	,	,	PUNCT
fsr-3221	75	4	2014	2014	NUM
fsr-3221	75	5	)	)	PUNCT
fsr-3221	75	6	find	find	VERB
fsr-3221	75	7	that	that	SCONJ
fsr-3221	75	8	financial	financial	ADJ
fsr-3221	75	9	success	success	NOUN
fsr-3221	75	10	is	be	AUX
fsr-3221	75	11	greater	great	ADJ
fsr-3221	75	12	for	for	ADP
fsr-3221	75	13	firms	firm	NOUN
fsr-3221	75	14	with	with	ADP
fsr-3221	75	15	a	a	DET
fsr-3221	75	16	reputation	reputation	NOUN
fsr-3221	75	17	for	for	ADP
fsr-3221	75	18	sustainability	sustainability	NOUN
fsr-3221	75	19	leadership	leadership	NOUN
fsr-3221	75	20	when	when	SCONJ
fsr-3221	75	21	compared	compare	VERB
fsr-3221	75	22	with	with	ADP
fsr-3221	75	23	firms	firm	NOUN
fsr-3221	75	24	not	not	PART
fsr-3221	75	25	considered	consider	VERB
fsr-3221	75	26	leaders	leader	NOUN
fsr-3221	75	27	in	in	ADP
fsr-3221	75	28	non	non	ADJ
fsr-3221	75	29	-	-	ADJ
fsr-3221	75	30	financial	financial	ADJ
fsr-3221	75	31	performance	performance	NOUN
fsr-3221	75	32	.	.	PUNCT
fsr-3221	76	1	2.3	2.3	NUM
fsr-3221	76	2	.	.	PUNCT
fsr-3221	77	1	the	the	DET
fsr-3221	77	2	valuation	valuation	NOUN
fsr-3221	77	3	issue	issue	NOUN
fsr-3221	77	4	and	and	CCONJ
fsr-3221	77	5	market	market	NOUN
fsr-3221	77	6	efficiency	efficiency	NOUN
fsr-3221	77	7	as	as	SCONJ
fsr-3221	77	8	previously	previously	ADV
fsr-3221	77	9	noted	note	VERB
fsr-3221	77	10	,	,	PUNCT
fsr-3221	77	11	many	many	ADJ
fsr-3221	77	12	existing	exist	VERB
fsr-3221	77	13	studies	study	NOUN
fsr-3221	77	14	have	have	AUX
fsr-3221	77	15	found	find	VERB
fsr-3221	77	16	evidence	evidence	NOUN
fsr-3221	77	17	for	for	ADP
fsr-3221	77	18	the	the	DET
fsr-3221	77	19	financial	financial	ADJ
fsr-3221	77	20	market	market	NOUN
fsr-3221	77	21	relevance	relevance	NOUN
fsr-3221	77	22	of	of	ADP
fsr-3221	77	23	non	non	ADJ
fsr-3221	77	24	-	-	ADJ
fsr-3221	77	25	financial	financial	ADJ
fsr-3221	77	26	performance	performance	NOUN
fsr-3221	77	27	information	information	NOUN
fsr-3221	77	28	.	.	PUNCT
fsr-3221	78	1	this	this	DET
fsr-3221	78	2	information	information	NOUN
fsr-3221	78	3	is	be	AUX
fsr-3221	78	4	utilized	utilize	VERB
fsr-3221	78	5	in	in	ADP
fsr-3221	78	6	the	the	DET
fsr-3221	78	7	formation	formation	NOUN
fsr-3221	78	8	of	of	ADP
fsr-3221	78	9	many	many	ADJ
fsr-3221	78	10	of	of	ADP
fsr-3221	78	11	the	the	DET
fsr-3221	78	12	existing	exist	VERB
fsr-3221	78	13	stock	stock	NOUN
fsr-3221	78	14	indices	index	NOUN
fsr-3221	78	15	that	that	PRON
fsr-3221	78	16	positively	positively	ADV
fsr-3221	78	17	screen	screen	NOUN
fsr-3221	78	18	companies	company	NOUN
fsr-3221	78	19	with	with	ADP
fsr-3221	78	20	dedicated	dedicated	ADJ
fsr-3221	78	21	sustainability	sustainability	NOUN
fsr-3221	78	22	efforts	effort	NOUN
fsr-3221	78	23	(	(	PUNCT
fsr-3221	78	24	i.e.	i.e.	X
fsr-3221	78	25	,	,	PUNCT
fsr-3221	78	26	the	the	DET
fsr-3221	78	27	djsi	djsi	NOUN
fsr-3221	78	28	,	,	PUNCT
fsr-3221	78	29	domini	domini	X
fsr-3221	78	30	social	social	ADJ
fsr-3221	78	31	400	400	NUM
fsr-3221	78	32	,	,	PUNCT
fsr-3221	78	33	and	and	CCONJ
fsr-3221	78	34	ftse4good	ftse4good	PROPN
fsr-3221	78	35	)	)	PUNCT
fsr-3221	78	36	.	.	PUNCT
fsr-3221	79	1	the	the	DET
fsr-3221	79	2	purpose	purpose	NOUN
fsr-3221	79	3	of	of	ADP
fsr-3221	79	4	the	the	DET
fsr-3221	79	5	development	development	NOUN
fsr-3221	79	6	of	of	ADP
fsr-3221	79	7	these	these	DET
fsr-3221	79	8	indices	index	NOUN
fsr-3221	79	9	was	be	AUX
fsr-3221	79	10	to	to	PART
fsr-3221	79	11	assist	assist	VERB
fsr-3221	79	12	investors	investor	NOUN
fsr-3221	79	13	in	in	ADP
fsr-3221	79	14	better	well	ADJ
fsr-3221	79	15	identifying	identify	VERB
fsr-3221	79	16	firms	firm	NOUN
fsr-3221	79	17	with	with	ADP
fsr-3221	79	18	exceptional	exceptional	ADJ
fsr-3221	79	19	sustainability	sustainability	NOUN
fsr-3221	79	20	records	record	NOUN
fsr-3221	79	21	and	and	CCONJ
fsr-3221	79	22	a	a	DET
fsr-3221	79	23	clear	clear	ADJ
fsr-3221	79	24	commitment	commitment	NOUN
fsr-3221	79	25	to	to	ADP
fsr-3221	79	26	the	the	DET
fsr-3221	79	27	continuation	continuation	NOUN
fsr-3221	79	28	of	of	ADP
fsr-3221	79	29	such	such	ADJ
fsr-3221	79	30	efforts	effort	NOUN
fsr-3221	79	31	.	.	PUNCT
fsr-3221	80	1	finance	finance	NOUN
fsr-3221	80	2	theory	theory	NOUN
fsr-3221	80	3	,	,	PUNCT
fsr-3221	80	4	which	which	PRON
fsr-3221	80	5	posits	posit	VERB
fsr-3221	80	6	that	that	SCONJ
fsr-3221	80	7	the	the	DET
fsr-3221	80	8	goal	goal	NOUN
fsr-3221	80	9	of	of	ADP
fsr-3221	80	10	a	a	DET
fsr-3221	80	11	manager	manager	NOUN
fsr-3221	80	12	is	be	AUX
fsr-3221	80	13	to	to	PART
fsr-3221	80	14	maximize	maximize	VERB
fsr-3221	80	15	shareholder	shareholder	NOUN
fsr-3221	80	16	wealth	wealth	NOUN
fsr-3221	80	17	,	,	PUNCT
fsr-3221	80	18	would	would	AUX
fsr-3221	80	19	support	support	VERB
fsr-3221	80	20	activities	activity	NOUN
fsr-3221	80	21	by	by	ADP
fsr-3221	80	22	the	the	DET
fsr-3221	80	23	firm	firm	NOUN
fsr-3221	80	24	to	to	PART
fsr-3221	80	25	increase	increase	VERB
fsr-3221	80	26	future	future	ADJ
fsr-3221	80	27	cash	cash	NOUN
fsr-3221	80	28	flows	flow	NOUN
fsr-3221	80	29	or	or	CCONJ
fsr-3221	80	30	to	to	PART
fsr-3221	80	31	reduce	reduce	VERB
fsr-3221	80	32	forward	forward	ADV
fsr-3221	80	33	risk	risk	NOUN
fsr-3221	80	34	.	.	PUNCT
fsr-3221	81	1	support	support	NOUN
fsr-3221	81	2	of	of	ADP
fsr-3221	81	3	the	the	DET
fsr-3221	81	4	link	link	NOUN
fsr-3221	81	5	between	between	ADP
fsr-3221	81	6	more	more	ADV
fsr-3221	81	7	sustainable	sustainable	ADJ
fsr-3221	81	8	firms	firm	NOUN
fsr-3221	81	9	and	and	CCONJ
fsr-3221	81	10	lower	low	ADJ
fsr-3221	81	11	corporate	corporate	ADJ
fsr-3221	81	12	risk	risk	NOUN
fsr-3221	81	13	can	can	AUX
fsr-3221	81	14	be	be	AUX
fsr-3221	81	15	found	find	VERB
fsr-3221	81	16	in	in	ADP
fsr-3221	81	17	lee	lee	PROPN
fsr-3221	81	18	(	(	PUNCT
fsr-3221	81	19	2009	2009	NUM
fsr-3221	81	20	)	)	PUNCT
fsr-3221	81	21	and	and	CCONJ
fsr-3221	81	22	ghoul	ghoul	NOUN
fsr-3221	81	23	et	et	PROPN
fsr-3221	81	24	al	al	PROPN
fsr-3221	81	25	.	.	PUNCT
fsr-3221	82	1	(	(	PUNCT
fsr-3221	82	2	2011	2011	NUM
fsr-3221	82	3	)	)	PUNCT
fsr-3221	82	4	.	.	PUNCT
fsr-3221	83	1	moreover	moreover	ADV
fsr-3221	83	2	,	,	PUNCT
fsr-3221	83	3	investors	investor	NOUN
fsr-3221	83	4	who	who	PRON
fsr-3221	83	5	believe	believe	VERB
fsr-3221	83	6	that	that	SCONJ
fsr-3221	83	7	a	a	DET
fsr-3221	83	8	firm	firm	NOUN
fsr-3221	83	9	’s	’s	PART
fsr-3221	83	10	long	long	ADJ
fsr-3221	83	11	-	-	PUNCT
fsr-3221	83	12	term	term	NOUN
fsr-3221	83	13	commitment	commitment	NOUN
fsr-3221	83	14	to	to	ADP
fsr-3221	83	15	sustainability	sustainability	NOUN
fsr-3221	83	16	impacts	impact	NOUN
fsr-3221	83	17	the	the	DET
fsr-3221	83	18	value	value	NOUN
fsr-3221	83	19	of	of	ADP
fsr-3221	83	20	a	a	DET
fsr-3221	83	21	stock	stock	NOUN
fsr-3221	83	22	,	,	PUNCT
fsr-3221	83	23	would	would	AUX
fsr-3221	83	24	value	value	VERB
fsr-3221	83	25	new	new	ADJ
fsr-3221	83	26	sources	source	NOUN
fsr-3221	83	27	of	of	ADP
fsr-3221	83	28	non	non	ADJ
fsr-3221	83	29	-	-	ADJ
fsr-3221	83	30	financial	financial	ADJ
fsr-3221	83	31	information	information	NOUN
fsr-3221	83	32	for	for	ADP
fsr-3221	83	33	assimilation	assimilation	NOUN
fsr-3221	83	34	into	into	ADP
fsr-3221	83	35	their	their	PRON
fsr-3221	83	36	stock	stock	NOUN
fsr-3221	83	37	screening	screen	VERB
fsr-3221	83	38	methodologies	methodology	NOUN
fsr-3221	83	39	.	.	PUNCT
fsr-3221	84	1	currently	currently	ADV
fsr-3221	84	2	,	,	PUNCT
fsr-3221	84	3	the	the	DET
fsr-3221	84	4	lack	lack	NOUN
fsr-3221	84	5	of	of	ADP
fsr-3221	84	6	consensus	consensus	NOUN
fsr-3221	84	7	on	on	ADP
fsr-3221	84	8	the	the	DET
fsr-3221	84	9	impact	impact	NOUN
fsr-3221	84	10	of	of	ADP
fsr-3221	84	11	csp	csp	PROPN
fsr-3221	84	12	and	and	CCONJ
fsr-3221	84	13	limited	limited	ADJ
fsr-3221	84	14	availability	availability	NOUN
fsr-3221	84	15	of	of	ADP
fsr-3221	84	16	non	non	ADJ
fsr-3221	84	17	-	-	ADJ
fsr-3221	84	18	financial	financial	ADJ
fsr-3221	84	19	market	market	NOUN
fsr-3221	84	20	factors	factor	NOUN
fsr-3221	84	21	represents	represent	VERB
fsr-3221	84	22	a	a	DET
fsr-3221	84	23	market	market	NOUN
fsr-3221	84	24	inefficiency	inefficiency	NOUN
fsr-3221	84	25	juxtaposed	juxtapose	VERB
fsr-3221	84	26	to	to	ADP
fsr-3221	84	27	the	the	DET
fsr-3221	84	28	established	establish	VERB
fsr-3221	84	29	and	and	CCONJ
fsr-3221	84	30	highly	highly	ADV
fsr-3221	84	31	efficient	efficient	ADJ
fsr-3221	84	32	nature	nature	NOUN
fsr-3221	84	33	of	of	ADP
fsr-3221	84	34	existing	exist	VERB
fsr-3221	84	35	financial	financial	ADJ
fsr-3221	84	36	market	market	NOUN
fsr-3221	84	37	factors	factor	NOUN
fsr-3221	84	38	.	.	PUNCT
fsr-3221	85	1	this	this	DET
fsr-3221	85	2	information	information	NOUN
fsr-3221	85	3	asymmetry	asymmetry	NOUN
fsr-3221	85	4	is	be	AUX
fsr-3221	85	5	narrowed	narrow	VERB
fsr-3221	85	6	as	as	ADP
fsr-3221	85	7	measures	measure	NOUN
fsr-3221	85	8	for	for	ADP
fsr-3221	85	9	non	non	ADJ
fsr-3221	85	10	-	-	ADJ
fsr-3221	85	11	financial	financial	ADJ
fsr-3221	85	12	factors	factor	NOUN
fsr-3221	85	13	become	become	VERB
fsr-3221	85	14	more	more	ADV
fsr-3221	85	15	comprehensive	comprehensive	ADJ
fsr-3221	85	16	and	and	CCONJ
fsr-3221	85	17	more	more	ADV
fsr-3221	85	18	widely	widely	ADV
fsr-3221	85	19	used	use	VERB
fsr-3221	85	20	in	in	ADP
fsr-3221	85	21	indices	index	NOUN
fsr-3221	85	22	such	such	ADJ
fsr-3221	85	23	as	as	ADP
fsr-3221	85	24	the	the	DET
fsr-3221	85	25	djsi	djsi	NOUN
fsr-3221	85	26	and	and	CCONJ
fsr-3221	85	27	djgi	djgi	NOUN
fsr-3221	85	28	.	.	PUNCT
fsr-3221	86	1	therefore	therefore	ADV
fsr-3221	86	2	,	,	PUNCT
fsr-3221	86	3	the	the	DET
fsr-3221	86	4	question	question	NOUN
fsr-3221	86	5	increasingly	increasingly	ADV
fsr-3221	86	6	becomes	become	VERB
fsr-3221	86	7	whether	whether	SCONJ
fsr-3221	86	8	sustainability	sustainability	NOUN
fsr-3221	86	9	-	-	PUNCT
fsr-3221	86	10	focused	focus	VERB
fsr-3221	86	11	investors	investor	NOUN
fsr-3221	86	12	can	can	AUX
fsr-3221	86	13	depend	depend	VERB
fsr-3221	86	14	on	on	ADP
fsr-3221	86	15	these	these	DET
fsr-3221	86	16	indices	index	NOUN
fsr-3221	86	17	to	to	PART
fsr-3221	86	18	identify	identify	VERB
fsr-3221	86	19	and	and	CCONJ
fsr-3221	86	20	fully	fully	ADV
fsr-3221	86	21	differentiate	differentiate	VERB
fsr-3221	86	22	the	the	DET
fsr-3221	86	23	most	most	ADV
fsr-3221	86	24	sustainable	sustainable	ADJ
fsr-3221	86	25	firms	firm	NOUN
fsr-3221	86	26	from	from	ADP
fsr-3221	86	27	less	less	ADV
fsr-3221	86	28	sustainable	sustainable	ADJ
fsr-3221	86	29	firms	firm	NOUN
fsr-3221	86	30	and	and	CCONJ
fsr-3221	86	31	the	the	DET
fsr-3221	86	32	broader	broad	ADJ
fsr-3221	86	33	equity	equity	NOUN
fsr-3221	86	34	market	market	NOUN
fsr-3221	86	35	.	.	PUNCT
fsr-3221	87	1	203t.m	203t.m	X
fsr-3221	87	2	.	.	PUNCT
fsr-3221	87	3	shank	shank	PROPN
fsr-3221	87	4	,	,	PUNCT
fsr-3221	87	5	b.	b.	PROPN
fsr-3221	87	6	shockey	shockey	PROPN
fsr-3221	87	7	/	/	SYM
fsr-3221	87	8	financial	financial	ADJ
fsr-3221	87	9	services	service	NOUN
fsr-3221	87	10	review	review	VERB
fsr-3221	87	11	25	25	NUM
fsr-3221	87	12	(	(	PUNCT
fsr-3221	87	13	2016	2016	NUM
fsr-3221	87	14	)	)	PUNCT
fsr-3221	88	1	199–214	199–214	NUM
fsr-3221	88	2	2.4	2.4	NUM
fsr-3221	88	3	.	.	PUNCT
fsr-3221	88	4	passive	passive	ADJ
fsr-3221	88	5	versus	versus	ADP
fsr-3221	88	6	active	active	ADJ
fsr-3221	88	7	investment	investment	NOUN
fsr-3221	88	8	strategies	strategy	NOUN
fsr-3221	88	9	according	accord	VERB
fsr-3221	88	10	to	to	ADP
fsr-3221	88	11	north	north	NOUN
fsr-3221	88	12	and	and	CCONJ
fsr-3221	88	13	stevens	stevens	X
fsr-3221	88	14	(	(	PUNCT
fsr-3221	88	15	2015	2015	NUM
fsr-3221	88	16	)	)	PUNCT
fsr-3221	88	17	,	,	PUNCT
fsr-3221	88	18	a	a	DET
fsr-3221	88	19	passive	passive	ADJ
fsr-3221	88	20	investment	investment	NOUN
fsr-3221	88	21	approach	approach	NOUN
fsr-3221	88	22	is	be	AUX
fsr-3221	88	23	supported	support	VERB
fsr-3221	88	24	by	by	ADP
fsr-3221	88	25	efficient	efficient	ADJ
fsr-3221	88	26	market	market	NOUN
fsr-3221	88	27	arguments	argument	NOUN
fsr-3221	88	28	that	that	SCONJ
fsr-3221	88	29	active	active	ADJ
fsr-3221	88	30	trading	trading	NOUN
fsr-3221	88	31	of	of	ADP
fsr-3221	88	32	stocks	stock	NOUN
fsr-3221	88	33	will	will	AUX
fsr-3221	88	34	not	not	PART
fsr-3221	88	35	consistently	consistently	ADV
fsr-3221	88	36	beat	beat	VERB
fsr-3221	88	37	the	the	DET
fsr-3221	88	38	market	market	NOUN
fsr-3221	88	39	on	on	ADP
fsr-3221	88	40	a	a	DET
fsr-3221	88	41	risk	risk	NOUN
fsr-3221	88	42	-	-	PUNCT
fsr-3221	88	43	adjusted	adjust	VERB
fsr-3221	88	44	basis	basis	NOUN
fsr-3221	88	45	.	.	PUNCT
fsr-3221	89	1	our	our	PRON
fsr-3221	89	2	study	study	NOUN
fsr-3221	89	3	looks	look	VERB
fsr-3221	89	4	for	for	ADP
fsr-3221	89	5	evidence	evidence	NOUN
fsr-3221	89	6	that	that	SCONJ
fsr-3221	89	7	there	there	PRON
fsr-3221	89	8	may	may	AUX
fsr-3221	89	9	be	be	AUX
fsr-3221	89	10	semi	semi	ADJ
fsr-3221	89	11	-	-	ADJ
fsr-3221	89	12	strong	strong	ADJ
fsr-3221	89	13	form	form	NOUN
fsr-3221	89	14	inefficiencies	inefficiency	NOUN
fsr-3221	89	15	in	in	ADP
fsr-3221	89	16	the	the	DET
fsr-3221	89	17	market	market	NOUN
fsr-3221	89	18	for	for	ADP
fsr-3221	89	19	sustainable	sustainable	ADJ
fsr-3221	89	20	firm	firm	ADJ
fsr-3221	89	21	equities	equity	NOUN
fsr-3221	89	22	.	.	PUNCT
fsr-3221	90	1	for	for	ADP
fsr-3221	90	2	individual	individual	ADJ
fsr-3221	90	3	investors	investor	NOUN
fsr-3221	90	4	,	,	PUNCT
fsr-3221	91	1	especially	especially	ADV
fsr-3221	91	2	those	those	PRON
fsr-3221	91	3	that	that	PRON
fsr-3221	91	4	value	value	NOUN
fsr-3221	91	5	firms	firm	NOUN
fsr-3221	91	6	adopting	adopt	VERB
fsr-3221	91	7	sustainable	sustainable	ADJ
fsr-3221	91	8	business	business	NOUN
fsr-3221	91	9	practices	practice	NOUN
fsr-3221	91	10	,	,	PUNCT
fsr-3221	91	11	the	the	DET
fsr-3221	91	12	opportunity	opportunity	NOUN
fsr-3221	91	13	to	to	PART
fsr-3221	91	14	outperform	outperform	VERB
fsr-3221	91	15	passive	passive	ADJ
fsr-3221	91	16	selections	selection	NOUN
fsr-3221	91	17	of	of	ADP
fsr-3221	91	18	sustainable	sustainable	ADJ
fsr-3221	91	19	firm	firm	ADJ
fsr-3221	91	20	portfolios	portfolio	NOUN
fsr-3221	91	21	may	may	AUX
fsr-3221	91	22	exist	exist	VERB
fsr-3221	91	23	.	.	PUNCT
fsr-3221	92	1	in	in	ADP
fsr-3221	92	2	our	our	PRON
fsr-3221	92	3	study	study	NOUN
fsr-3221	92	4	,	,	PUNCT
fsr-3221	92	5	we	we	PRON
fsr-3221	92	6	found	find	VERB
fsr-3221	92	7	that	that	SCONJ
fsr-3221	92	8	actively	actively	ADV
fsr-3221	92	9	selecting	select	VERB
fsr-3221	92	10	a	a	DET
fsr-3221	92	11	portfolio	portfolio	NOUN
fsr-3221	92	12	of	of	ADP
fsr-3221	92	13	only	only	ADJ
fsr-3221	92	14	firms	firm	NOUN
fsr-3221	92	15	determined	determine	VERB
fsr-3221	92	16	to	to	PART
fsr-3221	92	17	be	be	AUX
fsr-3221	92	18	industry	industry	NOUN
fsr-3221	92	19	leaders	leader	NOUN
fsr-3221	92	20	in	in	ADP
fsr-3221	92	21	sustainable	sustainable	ADJ
fsr-3221	92	22	business	business	NOUN
fsr-3221	92	23	practices	practice	NOUN
fsr-3221	92	24	over	over	ADP
fsr-3221	92	25	the	the	DET
fsr-3221	92	26	past	past	ADJ
fsr-3221	92	27	11	11	NUM
fsr-3221	92	28	years	year	NOUN
fsr-3221	92	29	earned	earn	VERB
fsr-3221	92	30	positive	positive	ADJ
fsr-3221	92	31	alphas	alpha	NOUN
fsr-3221	92	32	compared	compare	VERB
fsr-3221	92	33	to	to	ADP
fsr-3221	92	34	both	both	DET
fsr-3221	92	35	the	the	DET
fsr-3221	92	36	sustainability	sustainability	NOUN
fsr-3221	92	37	index	index	NOUN
fsr-3221	92	38	fund	fund	NOUN
fsr-3221	92	39	,	,	PUNCT
fsr-3221	92	40	and	and	CCONJ
fsr-3221	92	41	the	the	DET
fsr-3221	92	42	general	general	ADJ
fsr-3221	92	43	market	market	NOUN
fsr-3221	92	44	.	.	PUNCT
fsr-3221	93	1	according	accord	VERB
fsr-3221	93	2	to	to	ADP
fsr-3221	93	3	the	the	DET
fsr-3221	93	4	efficient	efficient	ADJ
fsr-3221	93	5	markets	market	NOUN
fsr-3221	93	6	hypothesis	hypothesis	NOUN
fsr-3221	93	7	(	(	PUNCT
fsr-3221	93	8	emh	emh	PROPN
fsr-3221	93	9	)	)	PUNCT
fsr-3221	93	10	,	,	PUNCT
fsr-3221	93	11	those	those	DET
fsr-3221	93	12	firms	firm	NOUN
fsr-3221	93	13	identified	identify	VERB
fsr-3221	93	14	as	as	ADP
fsr-3221	93	15	“	"	PUNCT
fsr-3221	93	16	supersector	supersector	NOUN
fsr-3221	93	17	leaders	leader	NOUN
fsr-3221	93	18	”	"	PUNCT
fsr-3221	93	19	by	by	ADP
fsr-3221	93	20	the	the	DET
fsr-3221	93	21	djsi	djsi	NOUN
fsr-3221	93	22	should	should	AUX
fsr-3221	93	23	not	not	PART
fsr-3221	93	24	outperform	outperform	VERB
fsr-3221	93	25	a	a	DET
fsr-3221	93	26	portfolio	portfolio	NOUN
fsr-3221	93	27	of	of	ADP
fsr-3221	93	28	sustainable	sustainable	ADJ
fsr-3221	93	29	firms	firm	NOUN
fsr-3221	93	30	as	as	ADP
fsr-3221	93	31	a	a	DET
fsr-3221	93	32	whole	whole	NOUN
fsr-3221	93	33	(	(	PUNCT
fsr-3221	93	34	all	all	DET
fsr-3221	93	35	firms	firm	NOUN
fsr-3221	93	36	comprising	comprise	VERB
fsr-3221	93	37	the	the	DET
fsr-3221	93	38	djsi	djsi	NOUN
fsr-3221	93	39	)	)	PUNCT
fsr-3221	93	40	if	if	SCONJ
fsr-3221	93	41	this	this	DET
fsr-3221	93	42	information	information	NOUN
fsr-3221	93	43	is	be	AUX
fsr-3221	93	44	quickly	quickly	ADV
fsr-3221	93	45	priced	price	VERB
fsr-3221	93	46	in	in	ADP
fsr-3221	93	47	the	the	DET
fsr-3221	93	48	market	market	NOUN
fsr-3221	93	49	for	for	ADP
fsr-3221	93	50	sustainable	sustainable	ADJ
fsr-3221	93	51	firm	firm	ADJ
fsr-3221	93	52	stocks	stock	NOUN
fsr-3221	93	53	.	.	PUNCT
fsr-3221	94	1	like	like	ADP
fsr-3221	94	2	north	north	NOUN
fsr-3221	94	3	and	and	CCONJ
fsr-3221	94	4	stevens	stevens	PROPN
fsr-3221	94	5	,	,	PUNCT
fsr-3221	94	6	we	we	PRON
fsr-3221	94	7	believe	believe	VERB
fsr-3221	94	8	our	our	PRON
fsr-3221	94	9	approach	approach	NOUN
fsr-3221	94	10	offers	offer	VERB
fsr-3221	94	11	a	a	DET
fsr-3221	94	12	rigorous	rigorous	ADJ
fsr-3221	94	13	test	test	NOUN
fsr-3221	94	14	of	of	ADP
fsr-3221	94	15	semi	semi	ADJ
fsr-3221	94	16	-	-	ADJ
fsr-3221	94	17	strong	strong	ADJ
fsr-3221	94	18	market	market	NOUN
fsr-3221	94	19	efficiency	efficiency	NOUN
fsr-3221	94	20	for	for	ADP
fsr-3221	94	21	a	a	DET
fsr-3221	94	22	particular	particular	ADJ
fsr-3221	94	23	subsector	subsector	NOUN
fsr-3221	94	24	of	of	ADP
fsr-3221	94	25	equities	equity	NOUN
fsr-3221	94	26	,	,	PUNCT
fsr-3221	94	27	and	and	CCONJ
fsr-3221	94	28	the	the	DET
fsr-3221	94	29	performance	performance	NOUN
fsr-3221	94	30	of	of	ADP
fsr-3221	94	31	two	two	NUM
fsr-3221	94	32	,	,	PUNCT
fsr-3221	94	33	specially	specially	ADV
fsr-3221	94	34	selected	select	VERB
fsr-3221	94	35	portfolios	portfolio	NOUN
fsr-3221	94	36	.	.	PUNCT
fsr-3221	95	1	passive	passive	ADJ
fsr-3221	95	2	investment	investment	NOUN
fsr-3221	95	3	strategies	strategy	NOUN
fsr-3221	95	4	are	be	AUX
fsr-3221	95	5	more	more	ADV
fsr-3221	95	6	appropriate	appropriate	ADJ
fsr-3221	95	7	for	for	ADP
fsr-3221	95	8	markets	market	NOUN
fsr-3221	95	9	where	where	SCONJ
fsr-3221	95	10	there	there	PRON
fsr-3221	95	11	is	be	VERB
fsr-3221	95	12	high	high	ADJ
fsr-3221	95	13	informational	informational	ADJ
fsr-3221	95	14	efficiency	efficiency	NOUN
fsr-3221	95	15	;	;	PUNCT
fsr-3221	95	16	meaning	mean	VERB
fsr-3221	95	17	that	that	SCONJ
fsr-3221	95	18	sustainability	sustainability	NOUN
fsr-3221	95	19	-	-	PUNCT
fsr-3221	95	20	focused	focus	VERB
fsr-3221	95	21	investors	investor	NOUN
fsr-3221	95	22	may	may	AUX
fsr-3221	95	23	be	be	AUX
fsr-3221	95	24	best	well	ADV
fsr-3221	95	25	served	serve	VERB
fsr-3221	95	26	by	by	ADP
fsr-3221	95	27	choosing	choose	VERB
fsr-3221	95	28	to	to	PART
fsr-3221	95	29	merely	merely	ADV
fsr-3221	95	30	buy	buy	VERB
fsr-3221	95	31	shares	share	NOUN
fsr-3221	95	32	in	in	ADP
fsr-3221	95	33	a	a	DET
fsr-3221	95	34	diversified	diversified	ADJ
fsr-3221	95	35	portfolio	portfolio	NOUN
fsr-3221	95	36	of	of	ADP
fsr-3221	95	37	stocks	stock	NOUN
fsr-3221	95	38	of	of	ADP
fsr-3221	95	39	sustainable	sustainable	ADJ
fsr-3221	95	40	firms	firm	NOUN
fsr-3221	95	41	.	.	PUNCT
fsr-3221	96	1	such	such	ADJ
fsr-3221	96	2	firms	firm	NOUN
fsr-3221	96	3	are	be	AUX
fsr-3221	96	4	normally	normally	ADV
fsr-3221	96	5	included	include	VERB
fsr-3221	96	6	in	in	ADP
fsr-3221	96	7	broad	broad	ADV
fsr-3221	96	8	-	-	PUNCT
fsr-3221	96	9	based	base	VERB
fsr-3221	96	10	portfolios	portfolio	NOUN
fsr-3221	96	11	that	that	PRON
fsr-3221	96	12	have	have	AUX
fsr-3221	96	13	been	be	AUX
fsr-3221	96	14	constructed	construct	VERB
fsr-3221	96	15	by	by	ADP
fsr-3221	96	16	selecting	select	VERB
fsr-3221	96	17	companies	company	NOUN
fsr-3221	96	18	implicitly	implicitly	ADV
fsr-3221	96	19	labeled	label	VERB
fsr-3221	96	20	as	as	SCONJ
fsr-3221	96	21	sustainability	sustainability	NOUN
fsr-3221	96	22	-	-	PUNCT
fsr-3221	96	23	focused	focus	VERB
fsr-3221	96	24	by	by	ADP
fsr-3221	96	25	being	be	AUX
fsr-3221	96	26	included	include	VERB
fsr-3221	96	27	in	in	ADP
fsr-3221	96	28	a	a	DET
fsr-3221	96	29	sustainability	sustainability	NOUN
fsr-3221	96	30	index	index	NOUN
fsr-3221	96	31	.	.	PUNCT
fsr-3221	97	1	theoretically	theoretically	ADV
fsr-3221	97	2	,	,	PUNCT
fsr-3221	97	3	the	the	DET
fsr-3221	97	4	newer	new	ADJ
fsr-3221	97	5	measures	measure	NOUN
fsr-3221	97	6	,	,	PUNCT
fsr-3221	97	7	such	such	ADJ
fsr-3221	97	8	as	as	ADP
fsr-3221	97	9	the	the	DET
fsr-3221	97	10	djsi	djsi	NUM
fsr-3221	97	11	,	,	PUNCT
fsr-3221	97	12	which	which	PRON
fsr-3221	97	13	utilizes	utilize	VERB
fsr-3221	97	14	a	a	DET
fsr-3221	97	15	number	number	NOUN
fsr-3221	97	16	of	of	ADP
fsr-3221	97	17	non	non	ADJ
fsr-3221	97	18	-	-	ADJ
fsr-3221	97	19	financial	financial	ADJ
fsr-3221	97	20	performance	performance	NOUN
fsr-3221	97	21	data	datum	NOUN
fsr-3221	97	22	simultaneously	simultaneously	ADV
fsr-3221	97	23	,	,	PUNCT
fsr-3221	97	24	would	would	AUX
fsr-3221	97	25	increase	increase	VERB
fsr-3221	97	26	the	the	DET
fsr-3221	97	27	informational	informational	ADJ
fsr-3221	97	28	efficiency	efficiency	NOUN
fsr-3221	97	29	in	in	ADP
fsr-3221	97	30	the	the	DET
fsr-3221	97	31	market	market	NOUN
fsr-3221	97	32	for	for	ADP
fsr-3221	97	33	sustainable	sustainable	ADJ
fsr-3221	97	34	firm	firm	ADJ
fsr-3221	97	35	equities	equity	NOUN
fsr-3221	97	36	.	.	PUNCT
fsr-3221	98	1	several	several	ADJ
fsr-3221	98	2	recent	recent	ADJ
fsr-3221	98	3	studies	study	NOUN
fsr-3221	98	4	have	have	AUX
fsr-3221	98	5	compared	compare	VERB
fsr-3221	98	6	the	the	DET
fsr-3221	98	7	financial	financial	ADJ
fsr-3221	98	8	performance	performance	NOUN
fsr-3221	98	9	of	of	ADP
fsr-3221	98	10	firms	firm	NOUN
fsr-3221	98	11	selected	select	VERB
fsr-3221	98	12	for	for	ADP
fsr-3221	98	13	inclusion	inclusion	NOUN
fsr-3221	98	14	in	in	ADP
fsr-3221	98	15	one	one	NUM
fsr-3221	98	16	of	of	ADP
fsr-3221	98	17	the	the	DET
fsr-3221	98	18	major	major	ADJ
fsr-3221	98	19	sustainability	sustainability	NOUN
fsr-3221	98	20	indices	index	NOUN
fsr-3221	98	21	to	to	ADP
fsr-3221	98	22	benchmarks	benchmark	NOUN
fsr-3221	98	23	of	of	ADP
fsr-3221	98	24	the	the	DET
fsr-3221	98	25	broader	broad	ADJ
fsr-3221	98	26	market	market	NOUN
fsr-3221	98	27	.	.	PUNCT
fsr-3221	99	1	of	of	ADP
fsr-3221	99	2	those	those	PRON
fsr-3221	99	3	,	,	PUNCT
fsr-3221	99	4	consolandi	consolandi	NOUN
fsr-3221	99	5	et	et	PROPN
fsr-3221	99	6	al	al	PROPN
fsr-3221	99	7	.	.	PROPN
fsr-3221	100	1	(	(	PUNCT
fsr-3221	100	2	2009	2009	NUM
fsr-3221	100	3	)	)	PUNCT
fsr-3221	100	4	found	find	VERB
fsr-3221	100	5	that	that	SCONJ
fsr-3221	100	6	the	the	DET
fsr-3221	100	7	djsi	djsi	NOUN
fsr-3221	100	8	(	(	PUNCT
fsr-3221	100	9	focused	focus	VERB
fsr-3221	100	10	on	on	ADP
fsr-3221	100	11	sustainable	sustainable	ADJ
fsr-3221	100	12	european	european	ADJ
fsr-3221	100	13	firms	firm	NOUN
fsr-3221	100	14	)	)	PUNCT
fsr-3221	100	15	slightly	slightly	ADV
fsr-3221	100	16	underperformed	underperformed	ADJ
fsr-3221	100	17	market	market	NOUN
fsr-3221	100	18	benchmarks	benchmark	NOUN
fsr-3221	100	19	from	from	ADP
fsr-3221	100	20	2001	2001	NUM
fsr-3221	100	21	to	to	ADP
fsr-3221	100	22	2006	2006	NUM
fsr-3221	100	23	.	.	PUNCT
fsr-3221	101	1	xiao	xiao	PROPN
fsr-3221	101	2	et	et	PROPN
fsr-3221	101	3	al	al	PROPN
fsr-3221	101	4	.	.	PROPN
fsr-3221	102	1	(	(	PUNCT
fsr-3221	102	2	2013	2013	NUM
fsr-3221	102	3	)	)	PUNCT
fsr-3221	102	4	investigated	investigate	VERB
fsr-3221	102	5	the	the	DET
fsr-3221	102	6	role	role	NOUN
fsr-3221	102	7	of	of	ADP
fsr-3221	102	8	corporate	corporate	ADJ
fsr-3221	102	9	sustainability	sustainability	NOUN
fsr-3221	102	10	(	(	PUNCT
fsr-3221	102	11	using	use	VERB
fsr-3221	102	12	the	the	DET
fsr-3221	102	13	djsi	djsi	NUM
fsr-3221	102	14	)	)	PUNCT
fsr-3221	102	15	investment	investment	NOUN
fsr-3221	102	16	in	in	ADP
fsr-3221	102	17	asset	asset	NOUN
fsr-3221	102	18	pricing	pricing	NOUN
fsr-3221	102	19	from	from	ADP
fsr-3221	102	20	2001	2001	NUM
fsr-3221	102	21	to	to	ADP
fsr-3221	102	22	2007	2007	NUM
fsr-3221	102	23	and	and	CCONJ
fsr-3221	102	24	found	find	VERB
fsr-3221	102	25	no	no	DET
fsr-3221	102	26	significant	significant	ADJ
fsr-3221	102	27	impact	impact	NOUN
fsr-3221	102	28	on	on	ADP
fsr-3221	102	29	equity	equity	NOUN
fsr-3221	102	30	returns	return	NOUN
fsr-3221	102	31	.	.	PUNCT
fsr-3221	103	1	such	such	ADJ
fsr-3221	103	2	results	result	NOUN
fsr-3221	103	3	would	would	AUX
fsr-3221	103	4	suggest	suggest	VERB
fsr-3221	103	5	there	there	PRON
fsr-3221	103	6	is	be	VERB
fsr-3221	103	7	no	no	DET
fsr-3221	103	8	additional	additional	ADJ
fsr-3221	103	9	informational	informational	ADJ
fsr-3221	103	10	value	value	NOUN
fsr-3221	103	11	to	to	ADP
fsr-3221	103	12	investors	investor	NOUN
fsr-3221	103	13	of	of	ADP
fsr-3221	103	14	a	a	DET
fsr-3221	103	15	firm	firm	NOUN
fsr-3221	103	16	being	be	AUX
fsr-3221	103	17	included	include	VERB
fsr-3221	103	18	in	in	ADP
fsr-3221	103	19	the	the	DET
fsr-3221	103	20	comprehensive	comprehensive	ADJ
fsr-3221	103	21	benchmarks	benchmark	NOUN
fsr-3221	103	22	of	of	ADP
fsr-3221	103	23	dow	dow	PROPN
fsr-3221	103	24	jones	jones	PROPN
fsr-3221	103	25	,	,	PUNCT
fsr-3221	103	26	inc	inc	PROPN
fsr-3221	103	27	.	.	PROPN
fsr-3221	103	28	that	that	PRON
fsr-3221	103	29	identify	identify	VERB
fsr-3221	103	30	sustainable	sustainable	ADJ
fsr-3221	103	31	company	company	NOUN
fsr-3221	103	32	stocks	stock	NOUN
fsr-3221	103	33	.	.	PUNCT
fsr-3221	104	1	however	however	ADV
fsr-3221	104	2	,	,	PUNCT
fsr-3221	104	3	the	the	DET
fsr-3221	104	4	potentially	potentially	ADV
fsr-3221	104	5	unique	unique	ADJ
fsr-3221	104	6	role	role	NOUN
fsr-3221	104	7	of	of	ADP
fsr-3221	104	8	firms	firm	NOUN
fsr-3221	104	9	that	that	PRON
fsr-3221	104	10	the	the	DET
fsr-3221	104	11	djsi	djsi	NOUN
fsr-3221	104	12	identifies	identify	VERB
fsr-3221	104	13	as	as	SCONJ
fsr-3221	104	14	the	the	DET
fsr-3221	104	15	leaders	leader	NOUN
fsr-3221	104	16	among	among	ADP
fsr-3221	104	17	the	the	DET
fsr-3221	104	18	group	group	NOUN
fsr-3221	104	19	of	of	ADP
fsr-3221	104	20	sustainable	sustainable	ADJ
fsr-3221	104	21	firms	firm	NOUN
fsr-3221	104	22	has	have	AUX
fsr-3221	104	23	scarcely	scarcely	ADV
fsr-3221	104	24	to	to	PART
fsr-3221	104	25	be	be	AUX
fsr-3221	104	26	studied	study	VERB
fsr-3221	104	27	.	.	PUNCT
fsr-3221	105	1	conventional	conventional	ADJ
fsr-3221	105	2	investing	investing	NOUN
fsr-3221	105	3	wisdom	wisdom	NOUN
fsr-3221	105	4	suggests	suggest	VERB
fsr-3221	105	5	stock	stock	NOUN
fsr-3221	105	6	investors	investor	NOUN
fsr-3221	105	7	adopt	adopt	VERB
fsr-3221	105	8	an	an	DET
fsr-3221	105	9	active	active	ADJ
fsr-3221	105	10	portfolio	portfolio	NOUN
fsr-3221	105	11	management	management	NOUN
fsr-3221	105	12	strategy	strategy	NOUN
fsr-3221	105	13	in	in	ADP
fsr-3221	105	14	markets	market	NOUN
fsr-3221	105	15	that	that	PRON
fsr-3221	105	16	are	be	AUX
fsr-3221	105	17	not	not	PART
fsr-3221	105	18	relatively	relatively	ADV
fsr-3221	105	19	efficient	efficient	ADJ
fsr-3221	105	20	,	,	PUNCT
fsr-3221	105	21	whereby	whereby	SCONJ
fsr-3221	105	22	market	market	NOUN
fsr-3221	105	23	participants	participant	NOUN
fsr-3221	105	24	do	do	AUX
fsr-3221	105	25	not	not	PART
fsr-3221	105	26	possess	possess	VERB
fsr-3221	105	27	all	all	DET
fsr-3221	105	28	relevant	relevant	ADJ
fsr-3221	105	29	information	information	NOUN
fsr-3221	105	30	when	when	SCONJ
fsr-3221	105	31	selecting	select	VERB
fsr-3221	105	32	securities	security	NOUN
fsr-3221	105	33	for	for	ADP
fsr-3221	105	34	inclusion	inclusion	NOUN
fsr-3221	105	35	in	in	ADP
fsr-3221	105	36	their	their	PRON
fsr-3221	105	37	portfolios	portfolio	NOUN
fsr-3221	105	38	.	.	PUNCT
fsr-3221	106	1	as	as	SCONJ
fsr-3221	106	2	investors	investor	NOUN
fsr-3221	106	3	seek	seek	VERB
fsr-3221	106	4	to	to	PART
fsr-3221	106	5	identify	identify	VERB
fsr-3221	106	6	sustainable	sustainable	ADJ
fsr-3221	106	7	companies	company	NOUN
fsr-3221	106	8	,	,	PUNCT
fsr-3221	106	9	the	the	DET
fsr-3221	106	10	question	question	NOUN
fsr-3221	106	11	is	be	AUX
fsr-3221	106	12	whether	whether	SCONJ
fsr-3221	106	13	the	the	DET
fsr-3221	106	14	information	information	NOUN
fsr-3221	106	15	currently	currently	ADV
fsr-3221	106	16	used	use	VERB
fsr-3221	106	17	by	by	ADP
fsr-3221	106	18	such	such	ADJ
fsr-3221	106	19	investors	investor	NOUN
fsr-3221	106	20	is	be	AUX
fsr-3221	106	21	adequate	adequate	ADJ
fsr-3221	106	22	.	.	PUNCT
fsr-3221	107	1	although	although	SCONJ
fsr-3221	107	2	studies	study	NOUN
fsr-3221	107	3	have	have	AUX
fsr-3221	107	4	suggested	suggest	VERB
fsr-3221	107	5	that	that	SCONJ
fsr-3221	107	6	little	little	ADJ
fsr-3221	107	7	relevant	relevant	ADJ
fsr-3221	107	8	information	information	NOUN
fsr-3221	107	9	is	be	AUX
fsr-3221	107	10	provided	provide	VERB
fsr-3221	107	11	when	when	SCONJ
fsr-3221	107	12	a	a	DET
fsr-3221	107	13	firm	firm	NOUN
fsr-3221	107	14	is	be	AUX
fsr-3221	107	15	selected	select	VERB
fsr-3221	107	16	as	as	ADP
fsr-3221	107	17	a	a	DET
fsr-3221	107	18	member	member	NOUN
fsr-3221	107	19	of	of	ADP
fsr-3221	107	20	the	the	DET
fsr-3221	107	21	djsi	djsi	NOUN
fsr-3221	107	22	,	,	PUNCT
fsr-3221	107	23	it	it	PRON
fsr-3221	107	24	is	be	AUX
fsr-3221	107	25	possible	possible	ADJ
fsr-3221	107	26	that	that	SCONJ
fsr-3221	107	27	a	a	DET
fsr-3221	107	28	firm	firm	NOUN
fsr-3221	107	29	’s	’s	PART
fsr-3221	107	30	identification	identification	NOUN
fsr-3221	107	31	as	as	ADP
fsr-3221	107	32	a	a	DET
fsr-3221	107	33	top	top	ADJ
fsr-3221	107	34	-	-	PUNCT
fsr-3221	107	35	performer	performer	NOUN
fsr-3221	107	36	in	in	ADP
fsr-3221	107	37	the	the	DET
fsr-3221	107	38	non	non	ADJ
fsr-3221	107	39	-	-	ADJ
fsr-3221	107	40	financial	financial	ADJ
fsr-3221	107	41	arena	arena	NOUN
fsr-3221	107	42	does	do	AUX
fsr-3221	107	43	have	have	VERB
fsr-3221	107	44	investment	investment	NOUN
fsr-3221	107	45	value	value	NOUN
fsr-3221	107	46	.	.	PUNCT
fsr-3221	108	1	similar	similar	ADJ
fsr-3221	108	2	to	to	ADP
fsr-3221	108	3	the	the	DET
fsr-3221	108	4	way	way	NOUN
fsr-3221	108	5	in	in	ADP
fsr-3221	108	6	which	which	PRON
fsr-3221	108	7	lin	lin	PROPN
fsr-3221	108	8	(	(	PUNCT
fsr-3221	108	9	2014	2014	NUM
fsr-3221	108	10	)	)	PUNCT
fsr-3221	108	11	sought	seek	VERB
fsr-3221	108	12	to	to	PART
fsr-3221	108	13	determine	determine	VERB
fsr-3221	108	14	if	if	SCONJ
fsr-3221	108	15	an	an	DET
fsr-3221	108	16	individual	individual	ADJ
fsr-3221	108	17	investor	investor	NOUN
fsr-3221	108	18	might	might	AUX
fsr-3221	108	19	benefit	benefit	VERB
fsr-3221	108	20	from	from	ADP
fsr-3221	108	21	active	active	ADJ
fsr-3221	108	22	management	management	NOUN
fsr-3221	108	23	in	in	ADP
fsr-3221	108	24	equity	equity	NOUN
fsr-3221	108	25	sector	sector	NOUN
fsr-3221	108	26	allocations	allocation	NOUN
fsr-3221	108	27	(	(	PUNCT
fsr-3221	108	28	compared	compare	VERB
fsr-3221	108	29	to	to	ADP
fsr-3221	108	30	passively	passively	ADV
fsr-3221	108	31	managed	manage	VERB
fsr-3221	108	32	204	204	NUM
fsr-3221	108	33	t.m	t.m	PROPN
fsr-3221	108	34	.	.	PROPN
fsr-3221	108	35	shank	shank	PROPN
fsr-3221	108	36	,	,	PUNCT
fsr-3221	108	37	b.	b.	PROPN
fsr-3221	108	38	shockey	shockey	PROPN
fsr-3221	108	39	/	/	SYM
fsr-3221	108	40	financial	financial	ADJ
fsr-3221	108	41	services	service	NOUN
fsr-3221	108	42	review	review	VERB
fsr-3221	108	43	25	25	NUM
fsr-3221	108	44	(	(	PUNCT
fsr-3221	108	45	2016	2016	NUM
fsr-3221	108	46	)	)	PUNCT
fsr-3221	108	47	199–214	199–214	NUM
fsr-3221	108	48	sector	sector	NOUN
fsr-3221	108	49	index	index	NOUN
fsr-3221	108	50	funds	fund	NOUN
fsr-3221	108	51	)	)	PUNCT
fsr-3221	108	52	,	,	PUNCT
fsr-3221	108	53	the	the	DET
fsr-3221	108	54	goal	goal	NOUN
fsr-3221	108	55	of	of	ADP
fsr-3221	108	56	our	our	PRON
fsr-3221	108	57	study	study	NOUN
fsr-3221	108	58	is	be	AUX
fsr-3221	108	59	to	to	PART
fsr-3221	108	60	determine	determine	VERB
fsr-3221	108	61	if	if	SCONJ
fsr-3221	108	62	(	(	PUNCT
fsr-3221	108	63	and	and	CCONJ
fsr-3221	108	64	how	how	SCONJ
fsr-3221	108	65	)	)	PUNCT
fsr-3221	108	66	individual	individual	ADJ
fsr-3221	108	67	investors	investor	NOUN
fsr-3221	108	68	might	might	AUX
fsr-3221	108	69	benefit	benefit	VERB
fsr-3221	108	70	from	from	ADP
fsr-3221	108	71	active	active	ADJ
fsr-3221	108	72	management	management	NOUN
fsr-3221	108	73	in	in	ADP
fsr-3221	108	74	the	the	DET
fsr-3221	108	75	market	market	NOUN
fsr-3221	108	76	for	for	ADP
fsr-3221	108	77	sustainable	sustainable	ADJ
fsr-3221	108	78	firm	firm	ADJ
fsr-3221	108	79	equities	equity	NOUN
fsr-3221	108	80	.	.	PUNCT
fsr-3221	109	1	like	like	ADP
fsr-3221	109	2	lin	lin	PROPN
fsr-3221	109	3	,	,	PUNCT
fsr-3221	109	4	we	we	PRON
fsr-3221	109	5	also	also	ADV
fsr-3221	109	6	find	find	VERB
fsr-3221	109	7	support	support	NOUN
fsr-3221	109	8	for	for	ADP
fsr-3221	109	9	active	active	ADJ
fsr-3221	109	10	management	management	NOUN
fsr-3221	109	11	based	base	VERB
fsr-3221	109	12	on	on	ADP
fsr-3221	109	13	superior	superior	ADJ
fsr-3221	109	14	risk	risk	NOUN
fsr-3221	109	15	adjusted	adjust	VERB
fsr-3221	109	16	returns	return	NOUN
fsr-3221	109	17	for	for	ADP
fsr-3221	109	18	one	one	NUM
fsr-3221	109	19	of	of	ADP
fsr-3221	109	20	our	our	PRON
fsr-3221	109	21	two	two	NUM
fsr-3221	109	22	portfolios	portfolio	NOUN
fsr-3221	109	23	(	(	PUNCT
fsr-3221	109	24	as	as	SCONJ
fsr-3221	109	25	measured	measure	VERB
fsr-3221	109	26	by	by	ADP
fsr-3221	109	27	the	the	DET
fsr-3221	109	28	sharpe	sharpe	PROPN
fsr-3221	109	29	ratio	ratio	PROPN
fsr-3221	109	30	)	)	PUNCT
fsr-3221	109	31	compared	compare	VERB
fsr-3221	109	32	to	to	ADP
fsr-3221	109	33	the	the	DET
fsr-3221	109	34	passive	passive	ADJ
fsr-3221	109	35	portfolios	portfolio	NOUN
fsr-3221	109	36	tested	test	VERB
fsr-3221	109	37	.	.	PUNCT
fsr-3221	110	1	in	in	ADP
fsr-3221	110	2	summary	summary	NOUN
fsr-3221	110	3	,	,	PUNCT
fsr-3221	110	4	our	our	PRON
fsr-3221	110	5	study	study	NOUN
fsr-3221	110	6	seeks	seek	VERB
fsr-3221	110	7	to	to	PART
fsr-3221	110	8	examine	examine	VERB
fsr-3221	110	9	the	the	DET
fsr-3221	110	10	csp	csp	PROPN
fsr-3221	110	11	–	–	PUNCT
fsr-3221	110	12	cfp	cfp	PROPN
fsr-3221	110	13	relationship	relationship	NOUN
fsr-3221	110	14	by	by	ADP
fsr-3221	110	15	comparing	compare	VERB
fsr-3221	110	16	the	the	DET
fsr-3221	110	17	risk	risk	NOUN
fsr-3221	110	18	adjusted	adjust	VERB
fsr-3221	110	19	stock	stock	NOUN
fsr-3221	110	20	market	market	NOUN
fsr-3221	110	21	returns	return	NOUN
fsr-3221	110	22	over	over	ADP
fsr-3221	110	23	the	the	DET
fsr-3221	110	24	past	past	ADJ
fsr-3221	110	25	decade	decade	NOUN
fsr-3221	110	26	of	of	ADP
fsr-3221	110	27	two	two	NUM
fsr-3221	110	28	distinct	distinct	ADJ
fsr-3221	110	29	,	,	PUNCT
fsr-3221	110	30	sustainability	sustainability	NOUN
fsr-3221	110	31	-	-	PUNCT
fsr-3221	110	32	focused	focus	VERB
fsr-3221	110	33	portfolios	portfolio	NOUN
fsr-3221	110	34	constructed	construct	VERB
fsr-3221	110	35	using	use	VERB
fsr-3221	110	36	djsi	djsi	NUM
fsr-3221	110	37	selected	select	VERB
fsr-3221	110	38	companies	company	NOUN
fsr-3221	110	39	.	.	PUNCT
fsr-3221	111	1	the	the	DET
fsr-3221	111	2	first	first	ADJ
fsr-3221	111	3	portfolio	portfolio	NOUN
fsr-3221	111	4	is	be	AUX
fsr-3221	111	5	comprised	comprise	VERB
fsr-3221	111	6	of	of	ADP
fsr-3221	111	7	all	all	DET
fsr-3221	111	8	firms	firm	NOUN
fsr-3221	111	9	that	that	PRON
fsr-3221	111	10	have	have	AUX
fsr-3221	111	11	been	be	AUX
fsr-3221	111	12	added	add	VERB
fsr-3221	111	13	to	to	ADP
fsr-3221	111	14	the	the	DET
fsr-3221	111	15	index	index	NOUN
fsr-3221	111	16	over	over	ADP
fsr-3221	111	17	the	the	DET
fsr-3221	111	18	past	past	ADJ
fsr-3221	111	19	10	10	NUM
fsr-3221	111	20	years	year	NOUN
fsr-3221	111	21	,	,	PUNCT
fsr-3221	111	22	and	and	CCONJ
fsr-3221	111	23	the	the	DET
fsr-3221	111	24	second	second	ADJ
fsr-3221	111	25	is	be	AUX
fsr-3221	111	26	comprised	comprise	VERB
fsr-3221	111	27	of	of	ADP
fsr-3221	111	28	those	those	DET
fsr-3221	111	29	firms	firm	NOUN
fsr-3221	111	30	identified	identify	VERB
fsr-3221	111	31	as	as	ADP
fsr-3221	111	32	supersector	supersector	NOUN
fsr-3221	111	33	leaders	leader	NOUN
fsr-3221	111	34	of	of	ADP
fsr-3221	111	35	the	the	DET
fsr-3221	111	36	djsi	djsi	NOUN
fsr-3221	111	37	.	.	PUNCT
fsr-3221	112	1	in	in	ADP
fsr-3221	112	2	this	this	DET
fsr-3221	112	3	way	way	NOUN
fsr-3221	112	4	,	,	PUNCT
fsr-3221	112	5	we	we	PRON
fsr-3221	112	6	will	will	AUX
fsr-3221	112	7	determine	determine	VERB
fsr-3221	112	8	whether	whether	SCONJ
fsr-3221	112	9	an	an	DET
fsr-3221	112	10	investor	investor	NOUN
fsr-3221	112	11	would	would	AUX
fsr-3221	112	12	have	have	AUX
fsr-3221	112	13	performed	perform	VERB
fsr-3221	112	14	better	well	ADV
fsr-3221	112	15	than	than	ADP
fsr-3221	112	16	the	the	DET
fsr-3221	112	17	overall	overall	ADJ
fsr-3221	112	18	equity	equity	NOUN
fsr-3221	112	19	market	market	NOUN
fsr-3221	112	20	by	by	ADP
fsr-3221	112	21	passively	passively	ADV
fsr-3221	112	22	“	"	PUNCT
fsr-3221	112	23	buying	buy	VERB
fsr-3221	112	24	the	the	DET
fsr-3221	112	25	index	index	NOUN
fsr-3221	112	26	”	"	PUNCT
fsr-3221	112	27	versus	versus	ADP
fsr-3221	112	28	actively	actively	ADV
fsr-3221	112	29	buying	buy	VERB
fsr-3221	112	30	stocks	stock	NOUN
fsr-3221	112	31	of	of	ADP
fsr-3221	112	32	only	only	ADV
fsr-3221	112	33	those	those	DET
fsr-3221	112	34	firms	firm	NOUN
fsr-3221	112	35	identified	identify	VERB
fsr-3221	112	36	by	by	ADP
fsr-3221	112	37	djsi	djsi	NOUN
fsr-3221	112	38	as	as	ADP
fsr-3221	112	39	sustainability	sustainability	NOUN
fsr-3221	112	40	leaders	leader	NOUN
fsr-3221	112	41	in	in	ADP
fsr-3221	112	42	their	their	PRON
fsr-3221	112	43	respective	respective	ADJ
fsr-3221	112	44	industries	industry	NOUN
fsr-3221	112	45	.	.	PUNCT
fsr-3221	113	1	since	since	SCONJ
fsr-3221	113	2	prior	prior	ADJ
fsr-3221	113	3	studies	study	NOUN
fsr-3221	113	4	have	have	AUX
fsr-3221	113	5	found	find	VERB
fsr-3221	113	6	that	that	SCONJ
fsr-3221	113	7	the	the	DET
fsr-3221	113	8	level	level	NOUN
fsr-3221	113	9	of	of	ADP
fsr-3221	113	10	a	a	DET
fsr-3221	113	11	firm	firm	NOUN
fsr-3221	113	12	’s	’s	PART
fsr-3221	113	13	sustainability	sustainability	NOUN
fsr-3221	113	14	commitment	commitment	NOUN
fsr-3221	113	15	is	be	AUX
fsr-3221	113	16	relevant	relevant	ADJ
fsr-3221	113	17	,	,	PUNCT
fsr-3221	113	18	our	our	PRON
fsr-3221	113	19	study	study	NOUN
fsr-3221	113	20	will	will	AUX
fsr-3221	113	21	determine	determine	VERB
fsr-3221	113	22	whether	whether	SCONJ
fsr-3221	113	23	those	those	DET
fsr-3221	113	24	companies	company	NOUN
fsr-3221	113	25	specifically	specifically	ADV
fsr-3221	113	26	identified	identify	VERB
fsr-3221	113	27	as	as	SCONJ
fsr-3221	113	28	sustainability	sustainability	NOUN
fsr-3221	113	29	leaders	leader	NOUN
fsr-3221	113	30	do	do	AUX
fsr-3221	113	31	perform	perform	VERB
fsr-3221	113	32	better	well	ADV
fsr-3221	113	33	,	,	PUNCT
fsr-3221	113	34	using	use	VERB
fsr-3221	113	35	a	a	DET
fsr-3221	113	36	market	market	NOUN
fsr-3221	113	37	-	-	PUNCT
fsr-3221	113	38	based	base	VERB
fsr-3221	113	39	,	,	PUNCT
fsr-3221	113	40	risk	risk	NOUN
fsr-3221	113	41	-	-	PUNCT
fsr-3221	113	42	adjusted	adjust	VERB
fsr-3221	113	43	approach	approach	NOUN
fsr-3221	113	44	.	.	PUNCT
fsr-3221	114	1	in	in	ADP
fsr-3221	114	2	addition	addition	NOUN
fsr-3221	114	3	,	,	PUNCT
fsr-3221	114	4	since	since	SCONJ
fsr-3221	114	5	barnett	barnett	PROPN
fsr-3221	114	6	(	(	PUNCT
fsr-3221	114	7	2007	2007	NUM
fsr-3221	114	8	)	)	PUNCT
fsr-3221	114	9	found	find	VERB
fsr-3221	114	10	that	that	SCONJ
fsr-3221	114	11	financial	financial	ADJ
fsr-3221	114	12	impacts	impact	NOUN
fsr-3221	114	13	of	of	ADP
fsr-3221	114	14	csr	csr	NOUN
fsr-3221	114	15	vary	vary	NOUN
fsr-3221	114	16	over	over	ADP
fsr-3221	114	17	time	time	NOUN
fsr-3221	114	18	,	,	PUNCT
fsr-3221	114	19	we	we	PRON
fsr-3221	114	20	will	will	AUX
fsr-3221	114	21	divide	divide	VERB
fsr-3221	114	22	the	the	DET
fsr-3221	114	23	2002–2012	2002–2012	NUM
fsr-3221	114	24	period	period	NOUN
fsr-3221	114	25	into	into	ADP
fsr-3221	114	26	three	three	NUM
fsr-3221	114	27	subperiods	subperiod	NOUN
fsr-3221	114	28	to	to	PART
fsr-3221	114	29	discover	discover	VERB
fsr-3221	114	30	any	any	DET
fsr-3221	114	31	temporal	temporal	ADJ
fsr-3221	114	32	differences	difference	NOUN
fsr-3221	114	33	.	.	PUNCT
fsr-3221	115	1	3	3	X
fsr-3221	115	2	.	.	X
fsr-3221	115	3	data	datum	NOUN
fsr-3221	115	4	and	and	CCONJ
fsr-3221	115	5	methodology	methodology	NOUN
fsr-3221	115	6	two	two	NUM
fsr-3221	115	7	methodologies	methodology	NOUN
fsr-3221	115	8	were	be	AUX
fsr-3221	115	9	adopted	adopt	VERB
fsr-3221	115	10	and	and	CCONJ
fsr-3221	115	11	utilized	utilize	VERB
fsr-3221	115	12	for	for	ADP
fsr-3221	115	13	assessing	assess	VERB
fsr-3221	115	14	returns	return	NOUN
fsr-3221	115	15	for	for	ADP
fsr-3221	115	16	supersector	supersector	NOUN
fsr-3221	115	17	leaders	leader	NOUN
fsr-3221	115	18	against	against	ADP
fsr-3221	115	19	the	the	DET
fsr-3221	115	20	broader	broad	ADJ
fsr-3221	115	21	market	market	NOUN
fsr-3221	115	22	(	(	PUNCT
fsr-3221	115	23	for	for	ADP
fsr-3221	115	24	this	this	DET
fsr-3221	115	25	study	study	NOUN
fsr-3221	115	26	,	,	PUNCT
fsr-3221	115	27	the	the	DET
fsr-3221	115	28	s&p	s&p	PROPN
fsr-3221	115	29	500	500	NUM
fsr-3221	115	30	is	be	AUX
fsr-3221	115	31	used	use	VERB
fsr-3221	115	32	as	as	ADP
fsr-3221	115	33	a	a	DET
fsr-3221	115	34	proxy	proxy	NOUN
fsr-3221	115	35	for	for	ADP
fsr-3221	115	36	the	the	DET
fsr-3221	115	37	performance	performance	NOUN
fsr-3221	115	38	of	of	ADP
fsr-3221	115	39	the	the	DET
fsr-3221	115	40	broader	broad	ADJ
fsr-3221	115	41	market	market	NOUN
fsr-3221	115	42	)	)	PUNCT
fsr-3221	115	43	.	.	PUNCT
fsr-3221	116	1	the	the	DET
fsr-3221	116	2	first	first	ADJ
fsr-3221	116	3	methodology	methodology	NOUN
fsr-3221	116	4	(	(	PUNCT
fsr-3221	116	5	“	"	PUNCT
fsr-3221	116	6	annual	annual	ADJ
fsr-3221	116	7	supersector	supersector	NOUN
fsr-3221	116	8	leader	leader	NOUN
fsr-3221	116	9	portfolio	portfolio	NOUN
fsr-3221	116	10	”	"	PUNCT
fsr-3221	116	11	)	)	PUNCT
fsr-3221	116	12	consisted	consist	VERB
fsr-3221	116	13	of	of	ADP
fsr-3221	116	14	creating	create	VERB
fsr-3221	116	15	a	a	DET
fsr-3221	116	16	balanced	balanced	ADJ
fsr-3221	116	17	(	(	PUNCT
fsr-3221	116	18	equally	equally	ADV
fsr-3221	116	19	weighted	weighted	ADJ
fsr-3221	116	20	)	)	PUNCT
fsr-3221	116	21	portfolio	portfolio	NOUN
fsr-3221	116	22	out	out	ADP
fsr-3221	116	23	of	of	ADP
fsr-3221	116	24	the	the	DET
fsr-3221	116	25	18	18	NUM
fsr-3221	116	26	to	to	PART
fsr-3221	116	27	19	19	NUM
fsr-3221	116	28	companies	company	NOUN
fsr-3221	116	29	named	name	VERB
fsr-3221	116	30	in	in	ADP
fsr-3221	116	31	each	each	DET
fsr-3221	116	32	“	"	PUNCT
fsr-3221	116	33	class	class	NOUN
fsr-3221	116	34	”	"	PUNCT
fsr-3221	116	35	from	from	ADP
fsr-3221	116	36	2002	2002	NUM
fsr-3221	116	37	through	through	ADP
fsr-3221	116	38	2012	2012	NUM
fsr-3221	116	39	and	and	CCONJ
fsr-3221	116	40	regressing	regress	VERB
fsr-3221	116	41	their	their	PRON
fsr-3221	116	42	mean	mean	ADJ
fsr-3221	116	43	(	(	PUNCT
fsr-3221	116	44	arithmetic	arithmetic	ADJ
fsr-3221	116	45	)	)	PUNCT
fsr-3221	116	46	monthly	monthly	ADJ
fsr-3221	116	47	returns	return	NOUN
fsr-3221	116	48	from	from	ADP
fsr-3221	116	49	the	the	DET
fsr-3221	116	50	time	time	NOUN
fsr-3221	116	51	of	of	ADP
fsr-3221	116	52	each	each	DET
fsr-3221	116	53	classes	class	NOUN
fsr-3221	116	54	’	'	PUNCT
fsr-3221	116	55	inception	inception	NOUN
fsr-3221	116	56	through	through	ADP
fsr-3221	116	57	march	march	PROPN
fsr-3221	116	58	2013	2013	NUM
fsr-3221	116	59	against	against	ADP
fsr-3221	116	60	the	the	DET
fsr-3221	116	61	monthly	monthly	ADJ
fsr-3221	116	62	returns	return	NOUN
fsr-3221	116	63	of	of	ADP
fsr-3221	116	64	two	two	NUM
fsr-3221	116	65	indexes	index	NOUN
fsr-3221	116	66	,	,	PUNCT
fsr-3221	116	67	the	the	DET
fsr-3221	116	68	s&p	s&p	PROPN
fsr-3221	116	69	500	500	NUM
fsr-3221	116	70	and	and	CCONJ
fsr-3221	116	71	the	the	DET
fsr-3221	116	72	dow	dow	PROPN
fsr-3221	116	73	jones	jones	PROPN
fsr-3221	116	74	sustainability	sustainability	PROPN
fsr-3221	116	75	index	index	NOUN
fsr-3221	116	76	world	world	NOUN
fsr-3221	116	77	diversified	diversify	VERB
fsr-3221	116	78	(	(	PUNCT
fsr-3221	116	79	w1sgi	w1sgi	NOUN
fsr-3221	116	80	)	)	PUNCT
fsr-3221	116	81	.	.	PUNCT
fsr-3221	117	1	the	the	DET
fsr-3221	117	2	second	second	ADJ
fsr-3221	117	3	methodology	methodology	NOUN
fsr-3221	117	4	(	(	PUNCT
fsr-3221	117	5	“	"	PUNCT
fsr-3221	117	6	cumulative	cumulative	ADJ
fsr-3221	117	7	portfolio	portfolio	NOUN
fsr-3221	117	8	”	"	PUNCT
fsr-3221	117	9	)	)	PUNCT
fsr-3221	117	10	consisted	consist	VERB
fsr-3221	117	11	of	of	ADP
fsr-3221	117	12	creating	create	VERB
fsr-3221	117	13	a	a	DET
fsr-3221	117	14	balanced	balanced	ADJ
fsr-3221	117	15	cumulative	cumulative	ADJ
fsr-3221	117	16	portfolio	portfolio	NOUN
fsr-3221	117	17	of	of	ADP
fsr-3221	117	18	supersector	supersector	NOUN
fsr-3221	117	19	leaders	leader	NOUN
fsr-3221	117	20	.	.	PUNCT
fsr-3221	118	1	beginning	begin	VERB
fsr-3221	118	2	in	in	ADP
fsr-3221	118	3	2002	2002	NUM
fsr-3221	118	4	,	,	PUNCT
fsr-3221	118	5	a	a	DET
fsr-3221	118	6	portfolio	portfolio	NOUN
fsr-3221	118	7	was	be	AUX
fsr-3221	118	8	created	create	VERB
fsr-3221	118	9	out	out	ADP
fsr-3221	118	10	of	of	ADP
fsr-3221	118	11	the	the	DET
fsr-3221	118	12	18	18	NUM
fsr-3221	118	13	original	original	ADJ
fsr-3221	118	14	supersector	supersector	NOUN
fsr-3221	118	15	leaders	leader	NOUN
fsr-3221	118	16	.	.	PUNCT
fsr-3221	119	1	each	each	DET
fsr-3221	119	2	time	time	NOUN
fsr-3221	119	3	a	a	DET
fsr-3221	119	4	new	new	ADJ
fsr-3221	119	5	company	company	NOUN
fsr-3221	119	6	was	be	AUX
fsr-3221	119	7	named	name	VERB
fsr-3221	119	8	as	as	ADP
fsr-3221	119	9	a	a	DET
fsr-3221	119	10	supersector	supersector	NOUN
fsr-3221	119	11	leader	leader	NOUN
fsr-3221	119	12	in	in	ADP
fsr-3221	119	13	a	a	DET
fsr-3221	119	14	subsequent	subsequent	ADJ
fsr-3221	119	15	annual	annual	ADJ
fsr-3221	119	16	robecosam	robecosam	NOUN
fsr-3221	119	17	corporate	corporate	ADJ
fsr-3221	119	18	sustainability	sustainability	NOUN
fsr-3221	119	19	assessment	assessment	NOUN
fsr-3221	119	20	,	,	PUNCT
fsr-3221	119	21	it	it	PRON
fsr-3221	119	22	would	would	AUX
fsr-3221	119	23	be	be	AUX
fsr-3221	119	24	added	add	VERB
fsr-3221	119	25	to	to	ADP
fsr-3221	119	26	the	the	DET
fsr-3221	119	27	portfolio	portfolio	NOUN
fsr-3221	119	28	from	from	ADP
fsr-3221	119	29	that	that	DET
fsr-3221	119	30	date	date	NOUN
fsr-3221	119	31	.	.	PUNCT
fsr-3221	120	1	meanwhile	meanwhile	ADV
fsr-3221	120	2	,	,	PUNCT
fsr-3221	120	3	any	any	DET
fsr-3221	120	4	company	company	NOUN
fsr-3221	120	5	previously	previously	ADV
fsr-3221	120	6	named	name	VERB
fsr-3221	120	7	a	a	DET
fsr-3221	120	8	supersector	supersector	NOUN
fsr-3221	120	9	leader	leader	NOUN
fsr-3221	120	10	would	would	AUX
fsr-3221	120	11	remain	remain	VERB
fsr-3221	120	12	within	within	ADP
fsr-3221	120	13	the	the	DET
fsr-3221	120	14	portfolio	portfolio	NOUN
fsr-3221	120	15	regardless	regardless	ADV
fsr-3221	120	16	of	of	ADP
fsr-3221	120	17	whether	whether	SCONJ
fsr-3221	120	18	or	or	CCONJ
fsr-3221	120	19	not	not	PART
fsr-3221	120	20	it	it	PRON
fsr-3221	120	21	was	be	AUX
fsr-3221	120	22	again	again	ADV
fsr-3221	120	23	named	name	VERB
fsr-3221	120	24	as	as	ADP
fsr-3221	120	25	a	a	DET
fsr-3221	120	26	supersector	supersector	NOUN
fsr-3221	120	27	leader	leader	NOUN
fsr-3221	120	28	in	in	ADP
fsr-3221	120	29	any	any	DET
fsr-3221	120	30	subsequent	subsequent	ADJ
fsr-3221	120	31	year	year	NOUN
fsr-3221	120	32	.	.	PUNCT
fsr-3221	121	1	hence	hence	ADV
fsr-3221	121	2	,	,	PUNCT
fsr-3221	121	3	the	the	DET
fsr-3221	121	4	cumulative	cumulative	ADJ
fsr-3221	121	5	portfolio	portfolio	NOUN
fsr-3221	121	6	annually	annually	ADV
fsr-3221	121	7	increased	increase	VERB
fsr-3221	121	8	in	in	ADP
fsr-3221	121	9	size	size	NOUN
fsr-3221	121	10	as	as	SCONJ
fsr-3221	121	11	demonstrated	demonstrate	VERB
fsr-3221	121	12	in	in	ADP
fsr-3221	121	13	figure	figure	NOUN
fsr-3221	121	14	1	1	NUM
fsr-3221	121	15	.	.	SYM
fsr-3221	121	16	3.1	3.1	NUM
fsr-3221	121	17	.	.	PUNCT
fsr-3221	121	18	annual	annual	ADJ
fsr-3221	121	19	supersector	supersector	NOUN
fsr-3221	121	20	leader	leader	NOUN
fsr-3221	121	21	portfolio	portfolio	NOUN
fsr-3221	121	22	the	the	DET
fsr-3221	121	23	first	first	ADJ
fsr-3221	121	24	step	step	NOUN
fsr-3221	121	25	in	in	ADP
fsr-3221	121	26	analyzing	analyze	VERB
fsr-3221	121	27	the	the	DET
fsr-3221	121	28	returns	return	NOUN
fsr-3221	121	29	of	of	ADP
fsr-3221	121	30	the	the	DET
fsr-3221	121	31	supersector	supersector	NOUN
fsr-3221	121	32	leaders	leader	NOUN
fsr-3221	121	33	,	,	PUNCT
fsr-3221	121	34	as	as	SCONJ
fsr-3221	121	35	ranked	rank	VERB
fsr-3221	121	36	by	by	ADP
fsr-3221	121	37	the	the	DET
fsr-3221	121	38	djsi	djsi	NOUN
fsr-3221	121	39	(	(	PUNCT
fsr-3221	121	40	based	base	VERB
fsr-3221	121	41	on	on	ADP
fsr-3221	121	42	the	the	DET
fsr-3221	121	43	robecosam	robecosam	PROPN
fsr-3221	121	44	corporate	corporate	ADJ
fsr-3221	121	45	sustainability	sustainability	NOUN
fsr-3221	121	46	index	index	NOUN
fsr-3221	121	47	)	)	PUNCT
fsr-3221	121	48	,	,	PUNCT
fsr-3221	121	49	was	be	AUX
fsr-3221	121	50	to	to	PART
fsr-3221	121	51	obtain	obtain	VERB
fsr-3221	121	52	the	the	DET
fsr-3221	121	53	monthly	monthly	ADJ
fsr-3221	121	54	returns	return	NOUN
fsr-3221	121	55	of	of	ADP
fsr-3221	121	56	each	each	DET
fsr-3221	121	57	individual	individual	ADJ
fsr-3221	121	58	company	company	NOUN
fsr-3221	121	59	named	name	VERB
fsr-3221	121	60	as	as	ADP
fsr-3221	121	61	a	a	DET
fsr-3221	121	62	supersector	supersector	NOUN
fsr-3221	121	63	leader	leader	NOUN
fsr-3221	121	64	,	,	PUNCT
fsr-3221	121	65	by	by	ADP
fsr-3221	121	66	year	year	NOUN
fsr-3221	121	67	(	(	PUNCT
fsr-3221	121	68	i.e.	i.e.	X
fsr-3221	121	69	,	,	PUNCT
fsr-3221	121	70	the	the	DET
fsr-3221	121	71	monthly	monthly	ADJ
fsr-3221	121	72	205t.m	205t.m	NUM
fsr-3221	121	73	.	.	PUNCT
fsr-3221	122	1	shank	shank	PROPN
fsr-3221	122	2	,	,	PUNCT
fsr-3221	122	3	b.	b.	PROPN
fsr-3221	122	4	shockey	shockey	PROPN
fsr-3221	122	5	/	/	SYM
fsr-3221	122	6	financial	financial	ADJ
fsr-3221	122	7	services	service	NOUN
fsr-3221	122	8	review	review	VERB
fsr-3221	122	9	25	25	NUM
fsr-3221	122	10	(	(	PUNCT
fsr-3221	122	11	2016	2016	NUM
fsr-3221	122	12	)	)	PUNCT
fsr-3221	122	13	199–214	199–214	NUM
fsr-3221	122	14	returns	return	NOUN
fsr-3221	122	15	of	of	ADP
fsr-3221	122	16	the	the	DET
fsr-3221	122	17	2002	2002	NUM
fsr-3221	122	18	supersector	supersector	NOUN
fsr-3221	122	19	leader	leader	NOUN
fsr-3221	122	20	class	class	NOUN
fsr-3221	122	21	were	be	AUX
fsr-3221	122	22	gathered	gather	VERB
fsr-3221	122	23	from	from	ADP
fsr-3221	122	24	september	september	PROPN
fsr-3221	122	25	4	4	NUM
fsr-3221	122	26	,	,	PUNCT
fsr-3221	122	27	2002	2002	NUM
fsr-3221	122	28	through	through	ADP
fsr-3221	122	29	march	march	PROPN
fsr-3221	122	30	1	1	NUM
fsr-3221	122	31	,	,	PUNCT
fsr-3221	122	32	2013	2013	NUM
fsr-3221	122	33	and	and	CCONJ
fsr-3221	122	34	averaged	average	VERB
fsr-3221	122	35	)	)	PUNCT
fsr-3221	122	36	.	.	PUNCT
fsr-3221	123	1	second	second	ADJ
fsr-3221	123	2	,	,	PUNCT
fsr-3221	123	3	the	the	DET
fsr-3221	123	4	mean	mean	ADJ
fsr-3221	123	5	(	(	PUNCT
fsr-3221	123	6	arithmetic	arithmetic	ADJ
fsr-3221	123	7	)	)	PUNCT
fsr-3221	123	8	monthly	monthly	ADJ
fsr-3221	123	9	returns	return	NOUN
fsr-3221	123	10	of	of	ADP
fsr-3221	123	11	each	each	DET
fsr-3221	123	12	supersector	supersector	NOUN
fsr-3221	123	13	leader	leader	NOUN
fsr-3221	123	14	class	class	NOUN
fsr-3221	123	15	,	,	PUNCT
fsr-3221	123	16	by	by	ADP
fsr-3221	123	17	year	year	NOUN
fsr-3221	123	18	,	,	PUNCT
fsr-3221	123	19	were	be	AUX
fsr-3221	123	20	compared	compare	VERB
fsr-3221	123	21	to	to	ADP
fsr-3221	123	22	the	the	DET
fsr-3221	123	23	monthly	monthly	ADJ
fsr-3221	123	24	returns	return	NOUN
fsr-3221	123	25	of	of	ADP
fsr-3221	123	26	the	the	DET
fsr-3221	123	27	s&p	s&p	PROPN
fsr-3221	123	28	500	500	NUM
fsr-3221	123	29	in	in	ADP
fsr-3221	123	30	terms	term	NOUN
fsr-3221	123	31	of	of	ADP
fsr-3221	123	32	jensen	jensen	PROPN
fsr-3221	123	33	’s	’s	PART
fsr-3221	123	34	alpha	alpha	PROPN
fsr-3221	123	35	,	,	PUNCT
fsr-3221	123	36	m	m	PROPN
fsr-3221	123	37	-	-	NOUN
fsr-3221	123	38	square	square	ADJ
fsr-3221	123	39	,	,	PUNCT
fsr-3221	123	40	the	the	DET
fsr-3221	123	41	treynor	treynor	NOUN
fsr-3221	123	42	measure	measure	NOUN
fsr-3221	123	43	,	,	PUNCT
fsr-3221	123	44	and	and	CCONJ
fsr-3221	123	45	the	the	DET
fsr-3221	123	46	sharpe	sharpe	PROPN
fsr-3221	123	47	ratio	ratio	NOUN
fsr-3221	123	48	.	.	PUNCT
fsr-3221	124	1	in	in	ADP
fsr-3221	124	2	essence	essence	NOUN
fsr-3221	124	3	,	,	PUNCT
fsr-3221	124	4	a	a	DET
fsr-3221	124	5	portfolio	portfolio	NOUN
fsr-3221	124	6	was	be	AUX
fsr-3221	124	7	created	create	VERB
fsr-3221	124	8	from	from	ADP
fsr-3221	124	9	each	each	DET
fsr-3221	124	10	annual	annual	ADJ
fsr-3221	124	11	class	class	NOUN
fsr-3221	124	12	of	of	ADP
fsr-3221	124	13	supersector	supersector	NOUN
fsr-3221	124	14	leaders	leader	NOUN
fsr-3221	124	15	from	from	ADP
fsr-3221	124	16	2002	2002	NUM
fsr-3221	124	17	through	through	ADP
fsr-3221	124	18	2012	2012	NUM
fsr-3221	124	19	and	and	CCONJ
fsr-3221	124	20	compared	compare	VERB
fsr-3221	124	21	with	with	ADP
fsr-3221	124	22	the	the	DET
fsr-3221	124	23	monthly	monthly	ADJ
fsr-3221	124	24	returns	return	NOUN
fsr-3221	124	25	of	of	ADP
fsr-3221	124	26	the	the	DET
fsr-3221	124	27	broad	broad	ADJ
fsr-3221	124	28	s&p	s&p	PROPN
fsr-3221	124	29	500	500	NUM
fsr-3221	124	30	.	.	PUNCT
fsr-3221	125	1	the	the	DET
fsr-3221	125	2	results	result	NOUN
fsr-3221	125	3	of	of	ADP
fsr-3221	125	4	this	this	DET
fsr-3221	125	5	comparison	comparison	NOUN
fsr-3221	125	6	were	be	AUX
fsr-3221	125	7	then	then	ADV
fsr-3221	125	8	regressed	regress	VERB
fsr-3221	125	9	against	against	ADP
fsr-3221	125	10	the	the	DET
fsr-3221	125	11	returns	return	NOUN
fsr-3221	125	12	of	of	ADP
fsr-3221	125	13	the	the	DET
fsr-3221	125	14	s&p	s&p	PROPN
fsr-3221	125	15	500	500	NUM
fsr-3221	125	16	to	to	PART
fsr-3221	125	17	test	test	VERB
fsr-3221	125	18	the	the	DET
fsr-3221	125	19	significance	significance	NOUN
fsr-3221	125	20	of	of	ADP
fsr-3221	125	21	the	the	DET
fsr-3221	125	22	results	result	NOUN
fsr-3221	125	23	at	at	ADP
fsr-3221	125	24	a	a	DET
fsr-3221	125	25	95	95	NUM
fsr-3221	125	26	%	%	NOUN
fsr-3221	125	27	confidence	confidence	NOUN
fsr-3221	125	28	level	level	NOUN
fsr-3221	125	29	.	.	PUNCT
fsr-3221	126	1	third	third	ADJ
fsr-3221	126	2	,	,	PUNCT
fsr-3221	126	3	as	as	ADP
fsr-3221	126	4	a	a	DET
fsr-3221	126	5	means	means	NOUN
fsr-3221	126	6	of	of	ADP
fsr-3221	126	7	comparison	comparison	NOUN
fsr-3221	126	8	,	,	PUNCT
fsr-3221	126	9	the	the	DET
fsr-3221	126	10	monthly	monthly	ADJ
fsr-3221	126	11	returns	return	NOUN
fsr-3221	126	12	of	of	ADP
fsr-3221	126	13	the	the	DET
fsr-3221	126	14	djsi	djsi	NUM
fsr-3221	126	15	world	world	NOUN
fsr-3221	126	16	were	be	AUX
fsr-3221	126	17	compared	compare	VERB
fsr-3221	126	18	to	to	ADP
fsr-3221	126	19	the	the	DET
fsr-3221	126	20	s&p	s&p	PROPN
fsr-3221	126	21	500	500	NUM
fsr-3221	126	22	by	by	ADP
fsr-3221	126	23	the	the	DET
fsr-3221	126	24	same	same	ADJ
fsr-3221	126	25	measures	measure	NOUN
fsr-3221	126	26	and	and	CCONJ
fsr-3221	126	27	time	time	NOUN
fsr-3221	126	28	periods	period	NOUN
fsr-3221	126	29	and	and	CCONJ
fsr-3221	126	30	regressed	regress	VERB
fsr-3221	126	31	to	to	AUX
fsr-3221	126	32	test	test	NOUN
fsr-3221	126	33	significance	significance	NOUN
fsr-3221	126	34	at	at	ADP
fsr-3221	126	35	a	a	DET
fsr-3221	126	36	95	95	NUM
fsr-3221	126	37	%	%	NOUN
fsr-3221	126	38	confidence	confidence	NOUN
fsr-3221	126	39	level	level	NOUN
fsr-3221	126	40	.	.	PUNCT
fsr-3221	127	1	finally	finally	ADV
fsr-3221	127	2	,	,	PUNCT
fsr-3221	127	3	the	the	DET
fsr-3221	127	4	jensen	jensen	PROPN
fsr-3221	127	5	’s	’s	PART
fsr-3221	127	6	alpha	alpha	PROPN
fsr-3221	127	7	,	,	PUNCT
fsr-3221	127	8	m	m	PROPN
fsr-3221	127	9	-	-	NOUN
fsr-3221	127	10	square	square	ADJ
fsr-3221	127	11	,	,	PUNCT
fsr-3221	127	12	the	the	DET
fsr-3221	127	13	treynor	treynor	NOUN
fsr-3221	127	14	measure	measure	NOUN
fsr-3221	127	15	,	,	PUNCT
fsr-3221	127	16	and	and	CCONJ
fsr-3221	127	17	the	the	DET
fsr-3221	127	18	sharpe	sharpe	PROPN
fsr-3221	127	19	ratio	ratio	NOUN
fsr-3221	127	20	of	of	ADP
fsr-3221	127	21	the	the	DET
fsr-3221	127	22	djsi	djsi	NUM
fsr-3221	127	23	world	world	NOUN
fsr-3221	127	24	(	(	PUNCT
fsr-3221	127	25	w1sgi	w1sgi	NUM
fsr-3221	127	26	)	)	PUNCT
fsr-3221	127	27	and	and	CCONJ
fsr-3221	127	28	each	each	DET
fsr-3221	127	29	annual	annual	ADJ
fsr-3221	127	30	supersector	supersector	NOUN
fsr-3221	127	31	leader	leader	NOUN
fsr-3221	127	32	class	class	NOUN
fsr-3221	127	33	were	be	AUX
fsr-3221	127	34	compared	compare	VERB
fsr-3221	127	35	relative	relative	ADJ
fsr-3221	127	36	to	to	ADP
fsr-3221	127	37	their	their	PRON
fsr-3221	127	38	respective	respective	ADJ
fsr-3221	127	39	returns	return	NOUN
fsr-3221	127	40	against	against	ADP
fsr-3221	127	41	the	the	DET
fsr-3221	127	42	s&p	s&p	PROPN
fsr-3221	127	43	500	500	NUM
fsr-3221	127	44	,	,	PUNCT
fsr-3221	127	45	thereby	thereby	ADV
fsr-3221	127	46	creating	create	VERB
fsr-3221	127	47	a	a	DET
fsr-3221	127	48	means	mean	NOUN
fsr-3221	127	49	to	to	PART
fsr-3221	127	50	determine	determine	VERB
fsr-3221	127	51	whether	whether	SCONJ
fsr-3221	127	52	an	an	DET
fsr-3221	127	53	individual	individual	ADJ
fsr-3221	127	54	investor	investor	NOUN
fsr-3221	127	55	would	would	AUX
fsr-3221	127	56	have	have	AUX
fsr-3221	127	57	achieved	achieve	VERB
fsr-3221	127	58	greater	great	ADJ
fsr-3221	127	59	returns	return	NOUN
fsr-3221	127	60	from	from	ADP
fsr-3221	127	61	the	the	DET
fsr-3221	127	62	djsi	djsi	ADJ
fsr-3221	127	63	world	world	NOUN
fsr-3221	127	64	,	,	PUNCT
fsr-3221	127	65	the	the	DET
fsr-3221	127	66	s&p	s&p	PROPN
fsr-3221	127	67	500	500	NUM
fsr-3221	127	68	,	,	PUNCT
fsr-3221	127	69	or	or	CCONJ
fsr-3221	127	70	each	each	DET
fsr-3221	127	71	annual	annual	ADJ
fsr-3221	127	72	supersector	supersector	NOUN
fsr-3221	127	73	leader	leader	NOUN
fsr-3221	127	74	class	class	NOUN
fsr-3221	127	75	,	,	PUNCT
fsr-3221	127	76	all	all	PRON
fsr-3221	127	77	else	else	ADV
fsr-3221	127	78	equal	equal	ADJ
fsr-3221	127	79	,	,	PUNCT
fsr-3221	127	80	from	from	ADP
fsr-3221	127	81	the	the	DET
fsr-3221	127	82	inception	inception	NOUN
fsr-3221	127	83	date	date	NOUN
fsr-3221	127	84	of	of	ADP
fsr-3221	127	85	each	each	DET
fsr-3221	127	86	annual	annual	ADJ
fsr-3221	127	87	class	class	NOUN
fsr-3221	127	88	through	through	ADP
fsr-3221	127	89	march	march	PROPN
fsr-3221	127	90	1	1	NUM
fsr-3221	127	91	,	,	PUNCT
fsr-3221	127	92	2013	2013	NUM
fsr-3221	127	93	.	.	PUNCT
fsr-3221	128	1	3.2	3.2	NUM
fsr-3221	128	2	.	.	PUNCT
fsr-3221	128	3	measures	measure	NOUN
fsr-3221	128	4	of	of	ADP
fsr-3221	128	5	performance1	performance1	PROPN
fsr-3221	128	6	jensen	jensen	PROPN
fsr-3221	128	7	’s	’s	PART
fsr-3221	128	8	alpha	alpha	NOUN
fsr-3221	128	9	:	:	PUNCT
fsr-3221	128	10	�	�	PROPN
fsr-3221	128	11	p	p	PROPN
fsr-3221	128	12	�	�	PROPN
fsr-3221	128	13	rp	rp	PROPN
fsr-3221	128	14	�	�	PROPN
fsr-3221	128	15	�	�	PROPN
fsr-3221	128	16	rf	rf	PROPN
fsr-3221	128	17	�	�	PROPN
fsr-3221	128	18	�	�	PROPN
fsr-3221	128	19	p	p	PROPN
fsr-3221	128	20	�	�	PROPN
fsr-3221	128	21	rm	rm	PROPN
fsr-3221	128	22	�	�	PROPN
fsr-3221	128	23	rf	rf	PROPN
fsr-3221	128	24	�	�	PROPN
fsr-3221	128	25	�	�	PROPN
fsr-3221	128	26	(	(	PUNCT
fsr-3221	128	27	1	1	NUM
fsr-3221	128	28	)	)	PUNCT
fsr-3221	128	29	m	m	NOUN
fsr-3221	128	30	-	-	PROPN
fsr-3221	128	31	square	square	ADJ
fsr-3221	128	32	:	:	PUNCT
fsr-3221	128	33	m2	m2	PROPN
fsr-3221	128	34	�	�	PROPN
fsr-3221	128	35	(	(	PUNCT
fsr-3221	128	36	sp	sp	ADP
fsr-3221	128	37	�	�	PROPN
fsr-3221	128	38	sm	sm	PROPN
fsr-3221	128	39	)	)	PUNCT
fsr-3221	128	40	�	�	PROPN
fsr-3221	128	41	�	�	PROPN
fsr-3221	128	42	m	m	PROPN
fsr-3221	128	43	(	(	PUNCT
fsr-3221	128	44	2	2	NUM
fsr-3221	128	45	)	)	PUNCT
fsr-3221	128	46	treynor	treynor	NOUN
fsr-3221	128	47	’s	’s	PART
fsr-3221	128	48	measure	measure	NOUN
fsr-3221	128	49	:	:	PUNCT
fsr-3221	128	50	tp	tp	PART
fsr-3221	128	51	�	�	PROPN
fsr-3221	128	52	rp	rp	PROPN
fsr-3221	128	53	�	�	PROPN
fsr-3221	128	54	rf	rf	PROPN
fsr-3221	128	55	�	�	PROPN
fsr-3221	128	56	p	p	NOUN
fsr-3221	128	57	(	(	PUNCT
fsr-3221	128	58	3	3	NUM
fsr-3221	128	59	)	)	PUNCT
fsr-3221	128	60	sharpe	sharpe	PROPN
fsr-3221	128	61	’s	’s	PART
fsr-3221	128	62	measure	measure	NOUN
fsr-3221	128	63	:	:	PUNCT
fsr-3221	128	64	sp	sp	ADP
fsr-3221	128	65	�	�	PROPN
fsr-3221	128	66	rp	rp	PROPN
fsr-3221	128	67	�	�	PROPN
fsr-3221	128	68	rf	rf	PROPN
fsr-3221	128	69	�	�	PROPN
fsr-3221	128	70	p	p	NOUN
fsr-3221	128	71	(	(	PUNCT
fsr-3221	128	72	4	4	NUM
fsr-3221	128	73	)	)	PUNCT
fsr-3221	128	74	fig	fig	NOUN
fsr-3221	128	75	.	.	PUNCT
fsr-3221	129	1	1	1	X
fsr-3221	129	2	.	.	X
fsr-3221	129	3	graphic	graphic	ADJ
fsr-3221	129	4	demonstration	demonstration	NOUN
fsr-3221	129	5	of	of	ADP
fsr-3221	129	6	cumulative	cumulative	ADJ
fsr-3221	129	7	supersector	supersector	NOUN
fsr-3221	129	8	leader	leader	NOUN
fsr-3221	129	9	portfolio	portfolio	NOUN
fsr-3221	129	10	size	size	NOUN
fsr-3221	129	11	(	(	PUNCT
fsr-3221	129	12	2002	2002	NUM
fsr-3221	129	13	to	to	ADP
fsr-3221	129	14	2012	2012	NUM
fsr-3221	129	15	)	)	PUNCT
fsr-3221	129	16	.	.	PUNCT
fsr-3221	130	1	206	206	NUM
fsr-3221	130	2	t.m	t.m	PROPN
fsr-3221	130	3	.	.	PROPN
fsr-3221	130	4	shank	shank	PROPN
fsr-3221	130	5	,	,	PUNCT
fsr-3221	130	6	b.	b.	PROPN
fsr-3221	130	7	shockey	shockey	PROPN
fsr-3221	130	8	/	/	SYM
fsr-3221	130	9	financial	financial	ADJ
fsr-3221	130	10	services	service	NOUN
fsr-3221	130	11	review	review	VERB
fsr-3221	130	12	25	25	NUM
fsr-3221	130	13	(	(	PUNCT
fsr-3221	130	14	2016	2016	NUM
fsr-3221	130	15	)	)	PUNCT
fsr-3221	130	16	199–214	199–214	NUM
fsr-3221	130	17	3.3	3.3	NUM
fsr-3221	130	18	.	.	PUNCT
fsr-3221	131	1	cumulative	cumulative	ADJ
fsr-3221	131	2	supersector	supersector	NOUN
fsr-3221	131	3	leader	leader	NOUN
fsr-3221	131	4	portfolio	portfolio	NOUN
fsr-3221	131	5	analysis	analysis	NOUN
fsr-3221	131	6	the	the	DET
fsr-3221	131	7	second	second	ADJ
fsr-3221	131	8	means	mean	NOUN
fsr-3221	131	9	by	by	ADP
fsr-3221	131	10	which	which	PRON
fsr-3221	131	11	the	the	DET
fsr-3221	131	12	returns	return	NOUN
fsr-3221	131	13	of	of	ADP
fsr-3221	131	14	the	the	DET
fsr-3221	131	15	djsi	djsi	ADJ
fsr-3221	131	16	supersector	supersector	NOUN
fsr-3221	131	17	leaders	leader	NOUN
fsr-3221	131	18	were	be	AUX
fsr-3221	131	19	analyzed	analyze	VERB
fsr-3221	131	20	was	be	AUX
fsr-3221	131	21	by	by	ADP
fsr-3221	131	22	creating	create	VERB
fsr-3221	131	23	a	a	DET
fsr-3221	131	24	cumulative	cumulative	ADJ
fsr-3221	131	25	list	list	NOUN
fsr-3221	131	26	of	of	ADP
fsr-3221	131	27	supersector	supersector	NOUN
fsr-3221	131	28	leaders	leader	NOUN
fsr-3221	131	29	and	and	CCONJ
fsr-3221	131	30	obtaining	obtain	VERB
fsr-3221	131	31	the	the	DET
fsr-3221	131	32	monthly	monthly	ADJ
fsr-3221	131	33	returns	return	NOUN
fsr-3221	131	34	of	of	ADP
fsr-3221	131	35	each	each	DET
fsr-3221	131	36	company	company	NOUN
fsr-3221	131	37	named	name	VERB
fsr-3221	131	38	since	since	SCONJ
fsr-3221	131	39	2002	2002	NUM
fsr-3221	131	40	from	from	ADP
fsr-3221	131	41	the	the	DET
fsr-3221	131	42	date	date	NOUN
fsr-3221	131	43	in	in	ADP
fsr-3221	131	44	which	which	PRON
fsr-3221	131	45	the	the	DET
fsr-3221	131	46	company	company	NOUN
fsr-3221	131	47	was	be	AUX
fsr-3221	131	48	first	first	ADV
fsr-3221	131	49	identified	identify	VERB
fsr-3221	131	50	as	as	ADP
fsr-3221	131	51	a	a	DET
fsr-3221	131	52	supersector	supersector	NOUN
fsr-3221	131	53	leader	leader	NOUN
fsr-3221	131	54	until	until	ADP
fsr-3221	131	55	march	march	PROPN
fsr-3221	131	56	1	1	NUM
fsr-3221	131	57	,	,	PUNCT
fsr-3221	131	58	2013	2013	NUM
fsr-3221	131	59	.	.	PUNCT
fsr-3221	132	1	in	in	ADP
fsr-3221	132	2	this	this	DET
fsr-3221	132	3	way	way	NOUN
fsr-3221	132	4	,	,	PUNCT
fsr-3221	132	5	a	a	DET
fsr-3221	132	6	cumulative	cumulative	ADJ
fsr-3221	132	7	portfolio	portfolio	NOUN
fsr-3221	132	8	of	of	ADP
fsr-3221	132	9	companies	company	NOUN
fsr-3221	132	10	was	be	AUX
fsr-3221	132	11	created	create	VERB
fsr-3221	132	12	in	in	ADP
fsr-3221	132	13	which	which	PRON
fsr-3221	132	14	all	all	DET
fsr-3221	132	15	supersector	supersector	NOUN
fsr-3221	132	16	leaders	leader	NOUN
fsr-3221	132	17	are	be	AUX
fsr-3221	132	18	held	hold	VERB
fsr-3221	132	19	in	in	ADP
fsr-3221	132	20	a	a	DET
fsr-3221	132	21	portfolio	portfolio	NOUN
fsr-3221	132	22	beginning	begin	VERB
fsr-3221	132	23	on	on	ADP
fsr-3221	132	24	each	each	DET
fsr-3221	132	25	company	company	NOUN
fsr-3221	132	26	’s	’s	PART
fsr-3221	132	27	respective	respective	ADJ
fsr-3221	132	28	date	date	NOUN
fsr-3221	132	29	of	of	ADP
fsr-3221	132	30	initial	initial	ADJ
fsr-3221	132	31	pronouncement	pronouncement	NOUN
fsr-3221	132	32	.	.	PUNCT
fsr-3221	133	1	the	the	DET
fsr-3221	133	2	average	average	ADJ
fsr-3221	133	3	monthly	monthly	ADJ
fsr-3221	133	4	returns	return	NOUN
fsr-3221	133	5	of	of	ADP
fsr-3221	133	6	all	all	DET
fsr-3221	133	7	companies	company	NOUN
fsr-3221	133	8	held	hold	VERB
fsr-3221	133	9	in	in	ADP
fsr-3221	133	10	this	this	DET
fsr-3221	133	11	cumulative	cumulative	ADJ
fsr-3221	133	12	portfolio	portfolio	NOUN
fsr-3221	133	13	during	during	ADP
fsr-3221	133	14	each	each	DET
fsr-3221	133	15	given	give	VERB
fsr-3221	133	16	month	month	NOUN
fsr-3221	133	17	were	be	AUX
fsr-3221	133	18	then	then	ADV
fsr-3221	133	19	compared	compare	VERB
fsr-3221	133	20	with	with	ADP
fsr-3221	133	21	the	the	DET
fsr-3221	133	22	monthly	monthly	ADJ
fsr-3221	133	23	returns	return	NOUN
fsr-3221	133	24	of	of	ADP
fsr-3221	133	25	the	the	DET
fsr-3221	133	26	s&p	s&p	PROPN
fsr-3221	133	27	500	500	NUM
fsr-3221	133	28	(	(	PUNCT
fsr-3221	133	29	broad	broad	ADJ
fsr-3221	133	30	market	market	NOUN
fsr-3221	133	31	proxy	proxy	NOUN
fsr-3221	133	32	)	)	PUNCT
fsr-3221	133	33	in	in	ADP
fsr-3221	133	34	terms	term	NOUN
fsr-3221	133	35	of	of	ADP
fsr-3221	133	36	jensen	jensen	PROPN
fsr-3221	133	37	’s	’s	PART
fsr-3221	133	38	alpha	alpha	PROPN
fsr-3221	133	39	,	,	PUNCT
fsr-3221	133	40	m	m	PROPN
fsr-3221	133	41	-	-	NOUN
fsr-3221	133	42	square	square	ADJ
fsr-3221	133	43	,	,	PUNCT
fsr-3221	133	44	the	the	DET
fsr-3221	133	45	treynor	treynor	NOUN
fsr-3221	133	46	measure	measure	NOUN
fsr-3221	133	47	,	,	PUNCT
fsr-3221	133	48	and	and	CCONJ
fsr-3221	133	49	the	the	DET
fsr-3221	133	50	sharpe	sharpe	PROPN
fsr-3221	133	51	ratio	ratio	NOUN
fsr-3221	133	52	for	for	ADP
fsr-3221	133	53	the	the	DET
fsr-3221	133	54	four	four	NUM
fsr-3221	133	55	time	time	NOUN
fsr-3221	133	56	periods	period	NOUN
fsr-3221	133	57	(	(	PUNCT
fsr-3221	133	58	1	1	NUM
fsr-3221	133	59	-	-	PUNCT
fsr-3221	133	60	year	year	NOUN
fsr-3221	133	61	,	,	PUNCT
fsr-3221	133	62	3	3	NUM
fsr-3221	133	63	-	-	PUNCT
fsr-3221	133	64	year	year	NOUN
fsr-3221	133	65	,	,	PUNCT
fsr-3221	133	66	5	5	NUM
fsr-3221	133	67	-	-	PUNCT
fsr-3221	133	68	year	year	NOUN
fsr-3221	133	69	,	,	PUNCT
fsr-3221	133	70	and	and	CCONJ
fsr-3221	133	71	the	the	DET
fsr-3221	133	72	total	total	ADJ
fsr-3221	133	73	time	time	NOUN
fsr-3221	133	74	period	period	NOUN
fsr-3221	133	75	from	from	ADP
fsr-3221	133	76	september	september	PROPN
fsr-3221	133	77	4	4	NUM
fsr-3221	133	78	,	,	PUNCT
fsr-3221	133	79	2002	2002	NUM
fsr-3221	133	80	through	through	ADP
fsr-3221	133	81	march	march	PROPN
fsr-3221	133	82	1	1	NUM
fsr-3221	133	83	,	,	PUNCT
fsr-3221	133	84	2013	2013	NUM
fsr-3221	133	85	)	)	PUNCT
fsr-3221	133	86	.	.	PUNCT
fsr-3221	134	1	the	the	DET
fsr-3221	134	2	results	result	NOUN
fsr-3221	134	3	of	of	ADP
fsr-3221	134	4	this	this	DET
fsr-3221	134	5	comparison	comparison	NOUN
fsr-3221	134	6	were	be	AUX
fsr-3221	134	7	then	then	ADV
fsr-3221	134	8	regressed	regress	VERB
fsr-3221	134	9	against	against	ADP
fsr-3221	134	10	the	the	DET
fsr-3221	134	11	returns	return	NOUN
fsr-3221	134	12	of	of	ADP
fsr-3221	134	13	the	the	DET
fsr-3221	134	14	s&p	s&p	PROPN
fsr-3221	134	15	500	500	NUM
fsr-3221	134	16	to	to	PART
fsr-3221	134	17	test	test	VERB
fsr-3221	134	18	the	the	DET
fsr-3221	134	19	significance	significance	NOUN
fsr-3221	134	20	of	of	ADP
fsr-3221	134	21	the	the	DET
fsr-3221	134	22	results	result	NOUN
fsr-3221	134	23	at	at	ADP
fsr-3221	134	24	a	a	DET
fsr-3221	134	25	95	95	NUM
fsr-3221	134	26	%	%	NOUN
fsr-3221	134	27	confidence	confidence	NOUN
fsr-3221	134	28	level	level	NOUN
fsr-3221	134	29	.	.	PUNCT
fsr-3221	135	1	the	the	DET
fsr-3221	135	2	cumulative	cumulative	ADJ
fsr-3221	135	3	holdings	holding	NOUN
fsr-3221	135	4	of	of	ADP
fsr-3221	135	5	supersector	supersector	NOUN
fsr-3221	135	6	leaders	leader	NOUN
fsr-3221	135	7	are	be	AUX
fsr-3221	135	8	demonstrated	demonstrate	VERB
fsr-3221	135	9	in	in	ADP
fsr-3221	135	10	table	table	NOUN
fsr-3221	135	11	1	1	NUM
fsr-3221	135	12	.	.	PUNCT
fsr-3221	136	1	second	second	ADJ
fsr-3221	136	2	,	,	PUNCT
fsr-3221	136	3	as	as	ADP
fsr-3221	136	4	a	a	DET
fsr-3221	136	5	means	means	NOUN
fsr-3221	136	6	of	of	ADP
fsr-3221	136	7	comparison	comparison	NOUN
fsr-3221	136	8	,	,	PUNCT
fsr-3221	136	9	the	the	DET
fsr-3221	136	10	monthly	monthly	ADJ
fsr-3221	136	11	returns	return	NOUN
fsr-3221	136	12	of	of	ADP
fsr-3221	136	13	the	the	DET
fsr-3221	136	14	djsi	djsi	NUM
fsr-3221	136	15	world	world	NOUN
fsr-3221	136	16	were	be	AUX
fsr-3221	136	17	compared	compare	VERB
fsr-3221	136	18	to	to	ADP
fsr-3221	136	19	the	the	DET
fsr-3221	136	20	s&p	s&p	PROPN
fsr-3221	136	21	500	500	NUM
fsr-3221	136	22	by	by	ADP
fsr-3221	136	23	the	the	DET
fsr-3221	136	24	same	same	ADJ
fsr-3221	136	25	measures	measure	NOUN
fsr-3221	136	26	and	and	CCONJ
fsr-3221	136	27	time	time	NOUN
fsr-3221	136	28	periods	period	NOUN
fsr-3221	136	29	and	and	CCONJ
fsr-3221	136	30	regressed	regress	VERB
fsr-3221	136	31	to	to	AUX
fsr-3221	136	32	test	test	NOUN
fsr-3221	136	33	significance	significance	NOUN
fsr-3221	136	34	at	at	ADP
fsr-3221	136	35	a	a	DET
fsr-3221	136	36	95	95	NUM
fsr-3221	136	37	%	%	NOUN
fsr-3221	136	38	confidence	confidence	NOUN
fsr-3221	136	39	level	level	NOUN
fsr-3221	136	40	.	.	PUNCT
fsr-3221	137	1	finally	finally	ADV
fsr-3221	137	2	,	,	PUNCT
fsr-3221	137	3	the	the	DET
fsr-3221	137	4	jensen	jensen	PROPN
fsr-3221	137	5	’s	’s	PART
fsr-3221	137	6	alpha	alpha	PROPN
fsr-3221	137	7	,	,	PUNCT
fsr-3221	137	8	m	m	PROPN
fsr-3221	137	9	-	-	NOUN
fsr-3221	137	10	square	square	ADJ
fsr-3221	137	11	,	,	PUNCT
fsr-3221	137	12	the	the	DET
fsr-3221	137	13	treynor	treynor	NOUN
fsr-3221	137	14	measure	measure	NOUN
fsr-3221	137	15	,	,	PUNCT
fsr-3221	137	16	and	and	CCONJ
fsr-3221	137	17	the	the	DET
fsr-3221	137	18	sharpe	sharpe	PROPN
fsr-3221	137	19	ratio	ratio	NOUN
fsr-3221	137	20	of	of	ADP
fsr-3221	137	21	the	the	DET
fsr-3221	137	22	djsi	djsi	NUM
fsr-3221	137	23	world	world	NOUN
fsr-3221	137	24	(	(	PUNCT
fsr-3221	137	25	w1sgi	w1sgi	PROPN
fsr-3221	137	26	)	)	PUNCT
fsr-3221	137	27	and	and	CCONJ
fsr-3221	137	28	the	the	DET
fsr-3221	137	29	cumulative	cumulative	ADJ
fsr-3221	137	30	supersector	supersector	NOUN
fsr-3221	137	31	leader	leader	NOUN
fsr-3221	137	32	portfolio	portfolio	NOUN
fsr-3221	137	33	were	be	AUX
fsr-3221	137	34	compared	compare	VERB
fsr-3221	137	35	relative	relative	ADJ
fsr-3221	137	36	to	to	ADP
fsr-3221	137	37	their	their	PRON
fsr-3221	137	38	respective	respective	ADJ
fsr-3221	137	39	returns	return	NOUN
fsr-3221	137	40	against	against	ADP
fsr-3221	137	41	the	the	DET
fsr-3221	137	42	s&p	s&p	PROPN
fsr-3221	137	43	500	500	NUM
fsr-3221	137	44	,	,	PUNCT
fsr-3221	137	45	thereby	thereby	ADV
fsr-3221	137	46	creating	create	VERB
fsr-3221	137	47	a	a	DET
fsr-3221	137	48	means	mean	NOUN
fsr-3221	137	49	to	to	PART
fsr-3221	137	50	determine	determine	VERB
fsr-3221	137	51	whether	whether	SCONJ
fsr-3221	137	52	an	an	DET
fsr-3221	137	53	individual	individual	ADJ
fsr-3221	137	54	investor	investor	NOUN
fsr-3221	137	55	would	would	AUX
fsr-3221	137	56	have	have	AUX
fsr-3221	137	57	achieved	achieve	VERB
fsr-3221	137	58	greater	great	ADJ
fsr-3221	137	59	returns	return	NOUN
fsr-3221	137	60	from	from	ADP
fsr-3221	137	61	the	the	DET
fsr-3221	137	62	djsi	djsi	ADJ
fsr-3221	137	63	world	world	NOUN
fsr-3221	137	64	,	,	PUNCT
fsr-3221	137	65	the	the	DET
fsr-3221	137	66	s&p	s&p	PROPN
fsr-3221	137	67	500	500	NUM
fsr-3221	137	68	,	,	PUNCT
fsr-3221	137	69	or	or	CCONJ
fsr-3221	137	70	the	the	DET
fsr-3221	137	71	cumulative	cumulative	ADJ
fsr-3221	137	72	supersector	supersector	NOUN
fsr-3221	137	73	leader	leader	NOUN
fsr-3221	137	74	portfolio	portfolio	NOUN
fsr-3221	137	75	from	from	ADP
fsr-3221	137	76	september	september	PROPN
fsr-3221	137	77	1	1	NUM
fsr-3221	137	78	,	,	PUNCT
fsr-3221	137	79	2002	2002	NUM
fsr-3221	137	80	through	through	ADP
fsr-3221	137	81	march	march	PROPN
fsr-3221	137	82	1	1	NUM
fsr-3221	137	83	,	,	PUNCT
fsr-3221	137	84	2013	2013	NUM
fsr-3221	137	85	,	,	PUNCT
fsr-3221	137	86	all	all	PRON
fsr-3221	137	87	else	else	ADV
fsr-3221	137	88	equal	equal	ADJ
fsr-3221	137	89	.	.	PUNCT
fsr-3221	138	1	for	for	ADP
fsr-3221	138	2	investors	investor	NOUN
fsr-3221	138	3	,	,	PUNCT
fsr-3221	138	4	this	this	DET
fsr-3221	138	5	methodology	methodology	NOUN
fsr-3221	138	6	would	would	AUX
fsr-3221	138	7	reflect	reflect	VERB
fsr-3221	138	8	a	a	DET
fsr-3221	138	9	belief	belief	NOUN
fsr-3221	138	10	that	that	SCONJ
fsr-3221	138	11	once	once	SCONJ
fsr-3221	138	12	a	a	DET
fsr-3221	138	13	company	company	NOUN
fsr-3221	138	14	is	be	AUX
fsr-3221	138	15	named	name	VERB
fsr-3221	138	16	as	as	ADP
fsr-3221	138	17	a	a	DET
fsr-3221	138	18	supersector	supersector	NOUN
fsr-3221	138	19	leader	leader	NOUN
fsr-3221	138	20	,	,	PUNCT
fsr-3221	138	21	it	it	PRON
fsr-3221	138	22	remains	remain	VERB
fsr-3221	138	23	a	a	DET
fsr-3221	138	24	leader	leader	NOUN
fsr-3221	138	25	of	of	ADP
fsr-3221	138	26	corporate	corporate	ADJ
fsr-3221	138	27	sustainability	sustainability	NOUN
fsr-3221	138	28	,	,	PUNCT
fsr-3221	138	29	which	which	PRON
fsr-3221	138	30	is	be	AUX
fsr-3221	138	31	supported	support	VERB
fsr-3221	138	32	by	by	ADP
fsr-3221	138	33	the	the	DET
fsr-3221	138	34	fact	fact	NOUN
fsr-3221	138	35	that	that	SCONJ
fsr-3221	138	36	44	44	NUM
fsr-3221	138	37	companies	company	NOUN
fsr-3221	138	38	were	be	AUX
fsr-3221	138	39	named	name	VERB
fsr-3221	138	40	as	as	ADP
fsr-3221	138	41	a	a	DET
fsr-3221	138	42	supersector	supersector	NOUN
fsr-3221	138	43	leader	leader	NOUN
fsr-3221	138	44	more	more	ADJ
fsr-3221	138	45	than	than	ADP
fsr-3221	138	46	once	once	ADV
fsr-3221	138	47	from	from	ADP
fsr-3221	138	48	2002	2002	NUM
fsr-3221	138	49	through	through	ADP
fsr-3221	138	50	2012	2012	NUM
fsr-3221	138	51	and	and	CCONJ
fsr-3221	138	52	that	that	SCONJ
fsr-3221	138	53	76	76	NUM
fsr-3221	138	54	companies	company	NOUN
fsr-3221	138	55	account	account	VERB
fsr-3221	138	56	for	for	ADP
fsr-3221	138	57	the	the	DET
fsr-3221	138	58	203	203	NUM
fsr-3221	138	59	supersector	supersector	NOUN
fsr-3221	138	60	leaders	leader	NOUN
fsr-3221	138	61	named	name	VERB
fsr-3221	138	62	from	from	ADP
fsr-3221	138	63	2002	2002	NUM
fsr-3221	138	64	through	through	ADP
fsr-3221	138	65	2012	2012	NUM
fsr-3221	138	66	.	.	PUNCT
fsr-3221	139	1	additionally	additionally	ADV
fsr-3221	139	2	,	,	PUNCT
fsr-3221	139	3	this	this	DET
fsr-3221	139	4	methodology	methodology	NOUN
fsr-3221	139	5	allows	allow	VERB
fsr-3221	139	6	for	for	ADP
fsr-3221	139	7	reduced	reduced	ADJ
fsr-3221	139	8	transaction	transaction	NOUN
fsr-3221	139	9	costs	cost	NOUN
fsr-3221	139	10	table	table	NOUN
fsr-3221	139	11	1	1	NUM
fsr-3221	139	12	tabular	tabular	NOUN
fsr-3221	139	13	demonstration	demonstration	NOUN
fsr-3221	139	14	of	of	ADP
fsr-3221	139	15	cumulative	cumulative	ADJ
fsr-3221	139	16	supersector	supersector	NOUN
fsr-3221	139	17	leader	leader	NOUN
fsr-3221	139	18	portfolio	portfolio	NOUN
fsr-3221	139	19	size	size	NOUN
fsr-3221	139	20	(	(	PUNCT
fsr-3221	139	21	2002	2002	NUM
fsr-3221	139	22	to	to	ADP
fsr-3221	139	23	2012	2012	NUM
fsr-3221	139	24	)	)	PUNCT
fsr-3221	139	25	year	year	NOUN
fsr-3221	139	26	number	number	NOUN
fsr-3221	139	27	of	of	ADP
fsr-3221	139	28	companies	company	NOUN
fsr-3221	139	29	added	add	VERB
fsr-3221	139	30	total	total	ADJ
fsr-3221	139	31	number	number	NOUN
fsr-3221	139	32	of	of	ADP
fsr-3221	139	33	companies	company	NOUN
fsr-3221	139	34	in	in	ADP
fsr-3221	139	35	portfolio	portfolio	NOUN
fsr-3221	139	36	2002	2002	NUM
fsr-3221	139	37	18	18	NUM
fsr-3221	139	38	18	18	NUM
fsr-3221	139	39	2003	2003	NUM
fsr-3221	139	40	5	5	NUM
fsr-3221	139	41	23	23	NUM
fsr-3221	139	42	2004	2004	NUM
fsr-3221	139	43	5	5	NUM
fsr-3221	139	44	28	28	NUM
fsr-3221	139	45	2005	2005	NUM
fsr-3221	139	46	6	6	NUM
fsr-3221	139	47	34	34	NUM
fsr-3221	139	48	2006	2006	NUM
fsr-3221	139	49	5	5	NUM
fsr-3221	139	50	39	39	NUM
fsr-3221	139	51	2007	2007	NUM
fsr-3221	139	52	5	5	NUM
fsr-3221	139	53	44	44	NUM
fsr-3221	139	54	2008	2008	NUM
fsr-3221	139	55	8	8	NUM
fsr-3221	139	56	52	52	NUM
fsr-3221	139	57	2009	2009	NUM
fsr-3221	139	58	7	7	NUM
fsr-3221	139	59	59	59	NUM
fsr-3221	139	60	2010	2010	NUM
fsr-3221	139	61	4	4	NUM
fsr-3221	139	62	63	63	NUM
fsr-3221	139	63	2011	2011	NUM
fsr-3221	139	64	8	8	NUM
fsr-3221	139	65	71	71	NUM
fsr-3221	139	66	2012	2012	NUM
fsr-3221	139	67	5	5	NUM
fsr-3221	139	68	76	76	NUM
fsr-3221	139	69	table	table	NOUN
fsr-3221	139	70	1	1	NUM
fsr-3221	139	71	demonstrates	demonstrate	VERB
fsr-3221	139	72	the	the	DET
fsr-3221	139	73	annual	annual	ADJ
fsr-3221	139	74	growth	growth	NOUN
fsr-3221	139	75	of	of	ADP
fsr-3221	139	76	the	the	DET
fsr-3221	139	77	cumulative	cumulative	ADJ
fsr-3221	139	78	supersector	supersector	NOUN
fsr-3221	139	79	leader	leader	NOUN
fsr-3221	139	80	portfolio	portfolio	NOUN
fsr-3221	139	81	from	from	ADP
fsr-3221	139	82	2002	2002	NUM
fsr-3221	139	83	to	to	ADP
fsr-3221	139	84	2012	2012	NUM
fsr-3221	139	85	and	and	CCONJ
fsr-3221	139	86	specifically	specifically	ADV
fsr-3221	139	87	shows	show	VERB
fsr-3221	139	88	the	the	DET
fsr-3221	139	89	number	number	NOUN
fsr-3221	139	90	of	of	ADP
fsr-3221	139	91	companies	company	NOUN
fsr-3221	139	92	added	add	VERB
fsr-3221	139	93	each	each	DET
fsr-3221	139	94	year	year	NOUN
fsr-3221	139	95	.	.	PUNCT
fsr-3221	140	1	207t.m	207t.m	X
fsr-3221	140	2	.	.	PUNCT
fsr-3221	140	3	shank	shank	PROPN
fsr-3221	140	4	,	,	PUNCT
fsr-3221	140	5	b.	b.	PROPN
fsr-3221	140	6	shockey	shockey	PROPN
fsr-3221	140	7	/	/	SYM
fsr-3221	140	8	financial	financial	ADJ
fsr-3221	140	9	services	service	NOUN
fsr-3221	140	10	review	review	VERB
fsr-3221	140	11	25	25	NUM
fsr-3221	140	12	(	(	PUNCT
fsr-3221	140	13	2016	2016	NUM
fsr-3221	140	14	)	)	PUNCT
fsr-3221	140	15	199–214	199–214	NUM
fsr-3221	140	16	compared	compare	VERB
fsr-3221	140	17	with	with	ADP
fsr-3221	140	18	the	the	DET
fsr-3221	140	19	annual	annual	ADJ
fsr-3221	140	20	supersector	supersector	NOUN
fsr-3221	140	21	leader	leader	NOUN
fsr-3221	140	22	portfolio	portfolio	NOUN
fsr-3221	140	23	methodology	methodology	NOUN
fsr-3221	140	24	as	as	ADP
fsr-3221	140	25	the	the	DET
fsr-3221	140	26	only	only	ADJ
fsr-3221	140	27	transactions	transaction	NOUN
fsr-3221	140	28	occurring	occur	VERB
fsr-3221	140	29	would	would	AUX
fsr-3221	140	30	be	be	AUX
fsr-3221	140	31	the	the	DET
fsr-3221	140	32	addition	addition	NOUN
fsr-3221	140	33	of	of	ADP
fsr-3221	140	34	the	the	DET
fsr-3221	140	35	approximately	approximately	ADV
fsr-3221	140	36	4	4	NUM
fsr-3221	140	37	to	to	PART
fsr-3221	140	38	8	8	NUM
fsr-3221	140	39	companies	company	NOUN
fsr-3221	140	40	named	name	VERB
fsr-3221	140	41	as	as	ADP
fsr-3221	140	42	supersector	supersector	NOUN
fsr-3221	140	43	leaders	leader	NOUN
fsr-3221	140	44	that	that	PRON
fsr-3221	140	45	are	be	AUX
fsr-3221	140	46	not	not	PART
fsr-3221	140	47	already	already	ADV
fsr-3221	140	48	included	include	VERB
fsr-3221	140	49	in	in	ADP
fsr-3221	140	50	the	the	DET
fsr-3221	140	51	cumulative	cumulative	ADJ
fsr-3221	140	52	portfolio	portfolio	NOUN
fsr-3221	140	53	(	(	PUNCT
fsr-3221	140	54	this	this	PRON
fsr-3221	140	55	does	do	AUX
fsr-3221	140	56	not	not	PART
fsr-3221	140	57	account	account	VERB
fsr-3221	140	58	for	for	ADP
fsr-3221	140	59	portfolio	portfolio	NOUN
fsr-3221	140	60	rebalancing	rebalancing	NOUN
fsr-3221	140	61	)	)	PUNCT
fsr-3221	140	62	.	.	PUNCT
fsr-3221	141	1	4	4	X
fsr-3221	141	2	.	.	X
fsr-3221	141	3	results	result	VERB
fsr-3221	141	4	the	the	DET
fsr-3221	141	5	results	result	NOUN
fsr-3221	141	6	of	of	ADP
fsr-3221	141	7	this	this	DET
fsr-3221	141	8	study	study	NOUN
fsr-3221	141	9	were	be	AUX
fsr-3221	141	10	statistically	statistically	ADV
fsr-3221	141	11	significant	significant	ADJ
fsr-3221	141	12	for	for	ADP
fsr-3221	141	13	the	the	DET
fsr-3221	141	14	annual	annual	ADJ
fsr-3221	141	15	supersector	supersector	NOUN
fsr-3221	141	16	classes	class	NOUN
fsr-3221	141	17	from	from	ADP
fsr-3221	141	18	2002	2002	NUM
fsr-3221	141	19	through	through	ADP
fsr-3221	141	20	2011	2011	NUM
fsr-3221	141	21	.	.	PUNCT
fsr-3221	142	1	during	during	ADP
fsr-3221	142	2	these	these	DET
fsr-3221	142	3	years	year	NOUN
fsr-3221	142	4	,	,	PUNCT
fsr-3221	142	5	average	average	ADJ
fsr-3221	142	6	annualized	annualize	VERB
fsr-3221	142	7	monthly	monthly	ADJ
fsr-3221	142	8	returns	return	NOUN
fsr-3221	142	9	ranged	range	VERB
fsr-3221	142	10	from	from	ADP
fsr-3221	142	11	1.73	1.73	NUM
fsr-3221	142	12	%	%	NOUN
fsr-3221	142	13	(	(	PUNCT
fsr-3221	142	14	2007	2007	NUM
fsr-3221	142	15	class	class	NOUN
fsr-3221	142	16	)	)	PUNCT
fsr-3221	142	17	to	to	ADP
fsr-3221	142	18	13.75	13.75	NUM
fsr-3221	142	19	%	%	NOUN
fsr-3221	142	20	(	(	PUNCT
fsr-3221	142	21	2011	2011	NUM
fsr-3221	142	22	class	class	NOUN
fsr-3221	142	23	)	)	PUNCT
fsr-3221	142	24	and	and	CCONJ
fsr-3221	142	25	outperformed	outperform	VERB
fsr-3221	142	26	the	the	DET
fsr-3221	142	27	s&p	s&p	PROPN
fsr-3221	142	28	500	500	NUM
fsr-3221	142	29	in	in	ADP
fsr-3221	142	30	gross	gross	ADJ
fsr-3221	142	31	return	return	NOUN
fsr-3221	142	32	from	from	ADP
fsr-3221	142	33	2002	2002	NUM
fsr-3221	142	34	through	through	ADP
fsr-3221	142	35	2009	2009	NUM
fsr-3221	142	36	and	and	CCONJ
fsr-3221	142	37	in	in	ADP
fsr-3221	142	38	2011	2011	NUM
fsr-3221	142	39	,	,	PUNCT
fsr-3221	142	40	with	with	ADP
fsr-3221	142	41	the	the	DET
fsr-3221	142	42	s&p	s&p	PROPN
fsr-3221	142	43	500	500	NUM
fsr-3221	142	44	outperforming	outperform	VERB
fsr-3221	142	45	the	the	DET
fsr-3221	142	46	supersector	supersector	NOUN
fsr-3221	142	47	class	class	NOUN
fsr-3221	142	48	in	in	ADP
fsr-3221	142	49	2010	2010	NUM
fsr-3221	142	50	.	.	PUNCT
fsr-3221	143	1	during	during	ADP
fsr-3221	143	2	this	this	DET
fsr-3221	143	3	time	time	NOUN
fsr-3221	143	4	span	span	NOUN
fsr-3221	143	5	,	,	PUNCT
fsr-3221	143	6	the	the	DET
fsr-3221	143	7	djsi	djsi	NUM
fsr-3221	143	8	world	world	NOUN
fsr-3221	143	9	index	index	NOUN
fsr-3221	143	10	was	be	AUX
fsr-3221	143	11	consistently	consistently	ADV
fsr-3221	143	12	more	more	ADV
fsr-3221	143	13	highly	highly	ADV
fsr-3221	143	14	correlated	correlate	VERB
fsr-3221	143	15	to	to	ADP
fsr-3221	143	16	the	the	DET
fsr-3221	143	17	returns	return	NOUN
fsr-3221	143	18	of	of	ADP
fsr-3221	143	19	the	the	DET
fsr-3221	143	20	s&p	s&p	PROPN
fsr-3221	143	21	500	500	NUM
fsr-3221	143	22	,	,	PUNCT
fsr-3221	143	23	while	while	SCONJ
fsr-3221	143	24	the	the	DET
fsr-3221	143	25	supersector	supersector	NOUN
fsr-3221	143	26	classes	class	NOUN
fsr-3221	143	27	had	have	VERB
fsr-3221	143	28	correlation	correlation	NOUN
fsr-3221	143	29	(	(	PUNCT
fsr-3221	143	30	r2	r2	PROPN
fsr-3221	143	31	)	)	PUNCT
fsr-3221	143	32	ranging	range	VERB
fsr-3221	143	33	from	from	ADP
fsr-3221	143	34	0.22	0.22	NUM
fsr-3221	143	35	for	for	ADP
fsr-3221	143	36	the	the	DET
fsr-3221	143	37	2002	2002	NUM
fsr-3221	143	38	class	class	NOUN
fsr-3221	143	39	to	to	ADP
fsr-3221	143	40	a	a	DET
fsr-3221	143	41	high	high	NOUN
fsr-3221	143	42	of	of	ADP
fsr-3221	143	43	0.86	0.86	NUM
fsr-3221	143	44	for	for	ADP
fsr-3221	143	45	the	the	DET
fsr-3221	143	46	2006	2006	NUM
fsr-3221	143	47	class	class	NOUN
fsr-3221	143	48	,	,	PUNCT
fsr-3221	143	49	with	with	ADP
fsr-3221	143	50	a	a	DET
fsr-3221	143	51	�	�	PROPN
fsr-3221	143	52	for	for	ADP
fsr-3221	143	53	each	each	DET
fsr-3221	143	54	class	class	NOUN
fsr-3221	143	55	ranging	range	VERB
fsr-3221	143	56	from	from	ADP
fsr-3221	143	57	0.87	0.87	NUM
fsr-3221	143	58	for	for	ADP
fsr-3221	143	59	the	the	DET
fsr-3221	143	60	2004	2004	NUM
fsr-3221	143	61	class	class	NOUN
fsr-3221	143	62	to	to	ADP
fsr-3221	143	63	1.16	1.16	NUM
fsr-3221	143	64	for	for	ADP
fsr-3221	143	65	the	the	DET
fsr-3221	143	66	2006	2006	NUM
fsr-3221	143	67	class	class	NOUN
fsr-3221	143	68	.	.	PUNCT
fsr-3221	144	1	for	for	ADP
fsr-3221	144	2	the	the	DET
fsr-3221	144	3	cumulative	cumulative	ADJ
fsr-3221	144	4	portfolio	portfolio	NOUN
fsr-3221	144	5	,	,	PUNCT
fsr-3221	144	6	from	from	ADP
fsr-3221	144	7	september	september	PROPN
fsr-3221	144	8	2002	2002	NUM
fsr-3221	144	9	through	through	ADP
fsr-3221	144	10	march	march	PROPN
fsr-3221	144	11	2013	2013	NUM
fsr-3221	144	12	,	,	PUNCT
fsr-3221	144	13	the	the	DET
fsr-3221	144	14	average	average	ADJ
fsr-3221	144	15	annual	annual	ADJ
fsr-3221	144	16	return	return	NOUN
fsr-3221	144	17	was	be	AUX
fsr-3221	144	18	3.68	3.68	NUM
fsr-3221	144	19	%	%	NOUN
fsr-3221	144	20	,	,	PUNCT
fsr-3221	144	21	comparing	compare	VERB
fsr-3221	144	22	favorably	favorably	ADV
fsr-3221	144	23	to	to	ADP
fsr-3221	144	24	the	the	DET
fsr-3221	144	25	average	average	ADJ
fsr-3221	144	26	annual	annual	ADJ
fsr-3221	144	27	return	return	NOUN
fsr-3221	144	28	of	of	ADP
fsr-3221	144	29	the	the	DET
fsr-3221	144	30	s&p	s&p	PROPN
fsr-3221	144	31	500	500	NUM
fsr-3221	144	32	of	of	ADP
fsr-3221	144	33	2.11	2.11	NUM
fsr-3221	144	34	%	%	NOUN
fsr-3221	144	35	during	during	ADP
fsr-3221	144	36	this	this	DET
fsr-3221	144	37	timeframe	timeframe	NOUN
fsr-3221	144	38	.	.	PUNCT
fsr-3221	145	1	this	this	PRON
fsr-3221	145	2	also	also	ADV
fsr-3221	145	3	compares	compare	VERB
fsr-3221	145	4	favorably	favorably	ADV
fsr-3221	145	5	to	to	ADP
fsr-3221	145	6	the	the	DET
fsr-3221	145	7	return	return	NOUN
fsr-3221	145	8	of	of	ADP
fsr-3221	145	9	the	the	DET
fsr-3221	145	10	djsi	djsi	NUM
fsr-3221	145	11	world	world	NOUN
fsr-3221	145	12	index	index	NOUN
fsr-3221	145	13	of	of	ADP
fsr-3221	145	14	2.07	2.07	NUM
fsr-3221	145	15	%	%	NOUN
fsr-3221	145	16	.	.	PUNCT
fsr-3221	146	1	once	once	ADV
fsr-3221	146	2	again	again	ADV
fsr-3221	146	3	,	,	PUNCT
fsr-3221	146	4	the	the	DET
fsr-3221	146	5	djsi	djsi	NUM
fsr-3221	146	6	world	world	NOUN
fsr-3221	146	7	index	index	NOUN
fsr-3221	146	8	was	be	AUX
fsr-3221	146	9	more	more	ADV
fsr-3221	146	10	highly	highly	ADV
fsr-3221	146	11	correlated	correlate	VERB
fsr-3221	146	12	with	with	ADP
fsr-3221	146	13	an	an	DET
fsr-3221	146	14	r2	r2	NOUN
fsr-3221	146	15	of	of	ADP
fsr-3221	146	16	0.89	0.89	NUM
fsr-3221	146	17	against	against	ADP
fsr-3221	146	18	the	the	DET
fsr-3221	146	19	s&p	s&p	PROPN
fsr-3221	146	20	500	500	NUM
fsr-3221	146	21	,	,	PUNCT
fsr-3221	146	22	compared	compare	VERB
fsr-3221	146	23	with	with	ADP
fsr-3221	146	24	an	an	DET
fsr-3221	146	25	r2	r2	NOUN
fsr-3221	146	26	of	of	ADP
fsr-3221	146	27	0.82	0.82	NUM
fsr-3221	146	28	for	for	ADP
fsr-3221	146	29	the	the	DET
fsr-3221	146	30	cumulative	cumulative	ADJ
fsr-3221	146	31	supersector	supersector	NOUN
fsr-3221	146	32	leader	leader	NOUN
fsr-3221	146	33	portfolio	portfolio	NOUN
fsr-3221	146	34	.	.	PUNCT
fsr-3221	147	1	the	the	DET
fsr-3221	147	2	�	�	PROPN
fsr-3221	147	3	measure	measure	NOUN
fsr-3221	147	4	for	for	ADP
fsr-3221	147	5	the	the	DET
fsr-3221	147	6	cumulative	cumulative	ADJ
fsr-3221	147	7	portfolio	portfolio	NOUN
fsr-3221	147	8	during	during	ADP
fsr-3221	147	9	this	this	DET
fsr-3221	147	10	timeframe	timeframe	NOUN
fsr-3221	147	11	was	be	AUX
fsr-3221	147	12	1.05	1.05	NUM
fsr-3221	147	13	against	against	ADP
fsr-3221	147	14	the	the	DET
fsr-3221	147	15	s&p	s&p	PROPN
fsr-3221	147	16	500	500	NUM
fsr-3221	147	17	,	,	PUNCT
fsr-3221	147	18	while	while	SCONJ
fsr-3221	147	19	the	the	DET
fsr-3221	147	20	djsi	djsi	NUM
fsr-3221	147	21	world	world	NOUN
fsr-3221	147	22	index	index	NOUN
fsr-3221	147	23	produced	produce	VERB
fsr-3221	147	24	a	a	DET
fsr-3221	147	25	�	�	PROPN
fsr-3221	147	26	measure	measure	NOUN
fsr-3221	147	27	of	of	ADP
fsr-3221	147	28	1.12	1.12	NUM
fsr-3221	147	29	.	.	PUNCT
fsr-3221	148	1	as	as	SCONJ
fsr-3221	148	2	discussed	discuss	VERB
fsr-3221	148	3	in	in	ADP
fsr-3221	148	4	the	the	DET
fsr-3221	148	5	methodology	methodology	NOUN
fsr-3221	148	6	,	,	PUNCT
fsr-3221	148	7	the	the	DET
fsr-3221	148	8	findings	finding	NOUN
fsr-3221	148	9	below	below	ADV
fsr-3221	148	10	will	will	AUX
fsr-3221	148	11	be	be	AUX
fsr-3221	148	12	presented	present	VERB
fsr-3221	148	13	using	use	VERB
fsr-3221	148	14	four	four	NUM
fsr-3221	148	15	risk	risk	NOUN
fsr-3221	148	16	-	-	PUNCT
fsr-3221	148	17	adjusted	adjust	VERB
fsr-3221	148	18	measures	measure	NOUN
fsr-3221	148	19	of	of	ADP
fsr-3221	148	20	return	return	NOUN
fsr-3221	148	21	.	.	PUNCT
fsr-3221	149	1	4.1	4.1	NUM
fsr-3221	149	2	.	.	PUNCT
fsr-3221	149	3	annual	annual	ADJ
fsr-3221	149	4	supersector	supersector	NOUN
fsr-3221	149	5	leader	leader	NOUN
fsr-3221	149	6	portfolio	portfolio	NOUN
fsr-3221	149	7	the	the	DET
fsr-3221	149	8	results	result	NOUN
fsr-3221	149	9	of	of	ADP
fsr-3221	149	10	the	the	DET
fsr-3221	149	11	annual	annual	ADJ
fsr-3221	149	12	supersector	supersector	NOUN
fsr-3221	149	13	leader	leader	NOUN
fsr-3221	149	14	portfolio	portfolio	NOUN
fsr-3221	149	15	analysis	analysis	NOUN
fsr-3221	149	16	are	be	AUX
fsr-3221	149	17	presented	present	VERB
fsr-3221	149	18	in	in	ADP
fsr-3221	149	19	tables	table	NOUN
fsr-3221	149	20	2	2	NUM
fsr-3221	149	21	,	,	PUNCT
fsr-3221	149	22	3	3	NUM
fsr-3221	149	23	,	,	PUNCT
fsr-3221	149	24	4	4	NUM
fsr-3221	149	25	,	,	PUNCT
fsr-3221	149	26	and	and	CCONJ
fsr-3221	149	27	5	5	NUM
fsr-3221	149	28	.	.	PUNCT
fsr-3221	150	1	the	the	DET
fsr-3221	150	2	jensen	jensen	PROPN
fsr-3221	150	3	’s	’s	PART
fsr-3221	150	4	alpha	alpha	NOUN
fsr-3221	150	5	and	and	CCONJ
fsr-3221	150	6	m	m	NOUN
fsr-3221	150	7	-	-	ADJ
fsr-3221	150	8	square	square	ADJ
fsr-3221	150	9	performance	performance	NOUN
fsr-3221	150	10	measures	measure	NOUN
fsr-3221	150	11	(	(	PUNCT
fsr-3221	150	12	represented	represent	VERB
fsr-3221	150	13	in	in	ADP
fsr-3221	150	14	table	table	NOUN
fsr-3221	150	15	2	2	NUM
fsr-3221	150	16	)	)	PUNCT
fsr-3221	150	17	provide	provide	VERB
fsr-3221	150	18	risk	risk	NOUN
fsr-3221	150	19	-	-	PUNCT
fsr-3221	150	20	adjusted	adjust	VERB
fsr-3221	150	21	comparative	comparative	ADJ
fsr-3221	150	22	statistics	statistic	NOUN
fsr-3221	150	23	whereby	whereby	SCONJ
fsr-3221	150	24	the	the	DET
fsr-3221	150	25	performance	performance	NOUN
fsr-3221	150	26	each	each	DET
fsr-3221	150	27	annual	annual	ADJ
fsr-3221	150	28	supersector	supersector	NOUN
fsr-3221	150	29	class	class	NOUN
fsr-3221	150	30	is	be	AUX
fsr-3221	150	31	compared	compare	VERB
fsr-3221	150	32	with	with	ADP
fsr-3221	150	33	the	the	DET
fsr-3221	150	34	baseline	baseline	NOUN
fsr-3221	150	35	market	market	NOUN
fsr-3221	150	36	proxy	proxy	NOUN
fsr-3221	150	37	(	(	PUNCT
fsr-3221	150	38	the	the	DET
fsr-3221	150	39	s&p	s&p	PROPN
fsr-3221	150	40	500	500	NUM
fsr-3221	150	41	)	)	PUNCT
fsr-3221	150	42	.	.	PUNCT
fsr-3221	151	1	it	it	PRON
fsr-3221	151	2	then	then	ADV
fsr-3221	151	3	follows	follow	VERB
fsr-3221	151	4	that	that	SCONJ
fsr-3221	151	5	a	a	DET
fsr-3221	151	6	positive	positive	ADJ
fsr-3221	151	7	jensen	jensen	PROPN
fsr-3221	151	8	’s	’s	PART
fsr-3221	151	9	alpha	alpha	NOUN
fsr-3221	151	10	or	or	CCONJ
fsr-3221	151	11	m	m	NOUN
fsr-3221	151	12	-	-	ADJ
fsr-3221	151	13	square	square	ADJ
fsr-3221	151	14	indicates	indicate	VERB
fsr-3221	151	15	that	that	SCONJ
fsr-3221	151	16	the	the	DET
fsr-3221	151	17	supersector	supersector	NOUN
fsr-3221	151	18	portfolio	portfolio	NOUN
fsr-3221	151	19	outperformed	outperform	VERB
fsr-3221	151	20	the	the	DET
fsr-3221	151	21	s&p500	s&p500	NOUN
fsr-3221	151	22	and	and	CCONJ
fsr-3221	151	23	vice	vice	ADV
fsr-3221	151	24	versa	versa	ADV
fsr-3221	151	25	.	.	PUNCT
fsr-3221	152	1	therefore	therefore	ADV
fsr-3221	152	2	,	,	PUNCT
fsr-3221	152	3	it	it	PRON
fsr-3221	152	4	can	can	AUX
fsr-3221	152	5	be	be	AUX
fsr-3221	152	6	interpreted	interpret	VERB
fsr-3221	152	7	that	that	SCONJ
fsr-3221	152	8	with	with	ADP
fsr-3221	152	9	95	95	NUM
fsr-3221	152	10	%	%	NOUN
fsr-3221	152	11	significance	significance	NOUN
fsr-3221	152	12	that	that	SCONJ
fsr-3221	152	13	the	the	DET
fsr-3221	152	14	annual	annual	ADJ
fsr-3221	152	15	supersector	supersector	NOUN
fsr-3221	152	16	leader	leader	NOUN
fsr-3221	152	17	portfolio	portfolio	NOUN
fsr-3221	152	18	outperformed	outperform	VERB
fsr-3221	152	19	the	the	DET
fsr-3221	152	20	s&p500	s&p500	NOUN
fsr-3221	152	21	each	each	DET
fsr-3221	152	22	year	year	NOUN
fsr-3221	152	23	from	from	ADP
fsr-3221	152	24	2002	2002	NUM
fsr-3221	152	25	through	through	ADP
fsr-3221	152	26	2008	2008	NUM
fsr-3221	152	27	and	and	CCONJ
fsr-3221	152	28	underperformed	underperform	VERB
fsr-3221	152	29	from	from	ADP
fsr-3221	152	30	2009	2009	NUM
fsr-3221	152	31	to	to	ADP
fsr-3221	152	32	2011	2011	NUM
fsr-3221	152	33	.	.	PUNCT
fsr-3221	153	1	the	the	DET
fsr-3221	153	2	2012	2012	NUM
fsr-3221	153	3	results	result	NOUN
fsr-3221	153	4	did	do	AUX
fsr-3221	153	5	not	not	PART
fsr-3221	153	6	provide	provide	VERB
fsr-3221	153	7	a	a	DET
fsr-3221	153	8	statistically	statistically	ADV
fsr-3221	153	9	significant	significant	ADJ
fsr-3221	153	10	indicator	indicator	NOUN
fsr-3221	153	11	of	of	ADP
fsr-3221	153	12	performance	performance	NOUN
fsr-3221	153	13	.	.	PUNCT
fsr-3221	154	1	second	second	ADJ
fsr-3221	154	2	,	,	PUNCT
fsr-3221	154	3	this	this	DET
fsr-3221	154	4	portfolio	portfolio	NOUN
fsr-3221	154	5	was	be	AUX
fsr-3221	154	6	tested	test	VERB
fsr-3221	154	7	against	against	ADP
fsr-3221	154	8	the	the	DET
fsr-3221	154	9	s&p500	s&p500	NOUN
fsr-3221	154	10	using	use	VERB
fsr-3221	154	11	treynor	treynor	NOUN
fsr-3221	154	12	’s	’s	PART
fsr-3221	154	13	measure	measure	NOUN
fsr-3221	154	14	and	and	CCONJ
fsr-3221	154	15	sharpe	sharpe	PROPN
fsr-3221	154	16	’s	’s	PART
fsr-3221	154	17	measure	measure	NOUN
fsr-3221	154	18	,	,	PUNCT
fsr-3221	154	19	the	the	DET
fsr-3221	154	20	results	result	NOUN
fsr-3221	154	21	of	of	ADP
fsr-3221	154	22	which	which	PRON
fsr-3221	154	23	are	be	AUX
fsr-3221	154	24	shown	show	VERB
fsr-3221	154	25	in	in	ADP
fsr-3221	154	26	table	table	NOUN
fsr-3221	154	27	3	3	NUM
fsr-3221	154	28	.	.	PUNCT
fsr-3221	155	1	these	these	DET
fsr-3221	155	2	risk	risk	NOUN
fsr-3221	155	3	-	-	PUNCT
fsr-3221	155	4	adjusted	adjust	VERB
fsr-3221	155	5	measures	measure	NOUN
fsr-3221	155	6	for	for	ADP
fsr-3221	155	7	the	the	DET
fsr-3221	155	8	supersector	supersector	NOUN
fsr-3221	155	9	portfolio	portfolio	NOUN
fsr-3221	155	10	can	can	AUX
fsr-3221	155	11	be	be	AUX
fsr-3221	155	12	directly	directly	ADV
fsr-3221	155	13	compared	compare	VERB
fsr-3221	155	14	to	to	ADP
fsr-3221	155	15	the	the	DET
fsr-3221	155	16	s&p500	s&p500	NOUN
fsr-3221	155	17	baseline	baseline	NOUN
fsr-3221	155	18	,	,	PUNCT
fsr-3221	155	19	as	as	SCONJ
fsr-3221	155	20	shown	show	VERB
fsr-3221	155	21	in	in	ADP
fsr-3221	155	22	table	table	NOUN
fsr-3221	155	23	3	3	NUM
fsr-3221	155	24	,	,	PUNCT
fsr-3221	155	25	with	with	ADP
fsr-3221	155	26	the	the	DET
fsr-3221	155	27	higher	high	ADJ
fsr-3221	155	28	return	return	NOUN
fsr-3221	155	29	representing	represent	VERB
fsr-3221	155	30	the	the	DET
fsr-3221	155	31	better	well	ADJ
fsr-3221	155	32	statistical	statistical	ADJ
fsr-3221	155	33	performance	performance	NOUN
fsr-3221	155	34	.	.	PUNCT
fsr-3221	156	1	therefore	therefore	ADV
fsr-3221	156	2	,	,	PUNCT
fsr-3221	156	3	it	it	PRON
fsr-3221	156	4	can	can	AUX
fsr-3221	156	5	again	again	ADV
fsr-3221	156	6	be	be	AUX
fsr-3221	156	7	interpreted	interpret	VERB
fsr-3221	156	8	that	that	SCONJ
fsr-3221	156	9	with	with	ADP
fsr-3221	156	10	95	95	NUM
fsr-3221	156	11	%	%	NOUN
fsr-3221	156	12	significance	significance	NOUN
fsr-3221	156	13	that	that	SCONJ
fsr-3221	156	14	the	the	DET
fsr-3221	156	15	annual	annual	ADJ
fsr-3221	156	16	supersector	supersector	NOUN
fsr-3221	156	17	leader	leader	NOUN
fsr-3221	156	18	208	208	NUM
fsr-3221	156	19	t.m	t.m	PROPN
fsr-3221	156	20	.	.	PROPN
fsr-3221	156	21	shank	shank	PROPN
fsr-3221	156	22	,	,	PUNCT
fsr-3221	156	23	b.	b.	PROPN
fsr-3221	156	24	shockey	shockey	PROPN
fsr-3221	156	25	/	/	SYM
fsr-3221	156	26	financial	financial	ADJ
fsr-3221	156	27	services	service	NOUN
fsr-3221	156	28	review	review	VERB
fsr-3221	156	29	25	25	NUM
fsr-3221	156	30	(	(	PUNCT
fsr-3221	156	31	2016	2016	NUM
fsr-3221	156	32	)	)	PUNCT
fsr-3221	156	33	199–214	199–214	NUM
fsr-3221	156	34	portfolio	portfolio	NOUN
fsr-3221	156	35	outperformed	outperform	VERB
fsr-3221	156	36	the	the	DET
fsr-3221	156	37	s&p500	s&p500	NOUN
fsr-3221	156	38	each	each	DET
fsr-3221	156	39	year	year	NOUN
fsr-3221	156	40	from	from	ADP
fsr-3221	156	41	2002	2002	NUM
fsr-3221	156	42	through	through	ADP
fsr-3221	156	43	2008	2008	NUM
fsr-3221	156	44	and	and	CCONJ
fsr-3221	156	45	underperformed	underperform	VERB
fsr-3221	156	46	from	from	ADP
fsr-3221	156	47	2009	2009	NUM
fsr-3221	156	48	to	to	ADP
fsr-3221	156	49	2011	2011	NUM
fsr-3221	156	50	.	.	PUNCT
fsr-3221	157	1	the	the	DET
fsr-3221	157	2	2012	2012	NUM
fsr-3221	157	3	results	result	NOUN
fsr-3221	157	4	once	once	ADV
fsr-3221	157	5	again	again	ADV
fsr-3221	157	6	did	do	AUX
fsr-3221	157	7	not	not	PART
fsr-3221	157	8	provide	provide	VERB
fsr-3221	157	9	a	a	DET
fsr-3221	157	10	statistically	statistically	ADV
fsr-3221	157	11	significant	significant	ADJ
fsr-3221	157	12	indicator	indicator	NOUN
fsr-3221	157	13	of	of	ADP
fsr-3221	157	14	performance	performance	NOUN
fsr-3221	157	15	.	.	PUNCT
fsr-3221	158	1	third	third	ADJ
fsr-3221	158	2	,	,	PUNCT
fsr-3221	158	3	tables	table	VERB
fsr-3221	158	4	4	4	NUM
fsr-3221	158	5	and	and	CCONJ
fsr-3221	158	6	5	5	NUM
fsr-3221	158	7	also	also	ADV
fsr-3221	158	8	compared	compare	VERB
fsr-3221	158	9	the	the	DET
fsr-3221	158	10	performance	performance	NOUN
fsr-3221	158	11	of	of	ADP
fsr-3221	158	12	the	the	DET
fsr-3221	158	13	annual	annual	ADJ
fsr-3221	158	14	supersector	supersector	NOUN
fsr-3221	158	15	leader	leader	NOUN
fsr-3221	158	16	portfolio	portfolio	NOUN
fsr-3221	158	17	to	to	ADP
fsr-3221	158	18	the	the	DET
fsr-3221	158	19	performance	performance	NOUN
fsr-3221	158	20	of	of	ADP
fsr-3221	158	21	the	the	DET
fsr-3221	158	22	w1sgi	w1sgi	NOUN
fsr-3221	158	23	,	,	PUNCT
fsr-3221	158	24	again	again	ADV
fsr-3221	158	25	using	use	VERB
fsr-3221	158	26	the	the	DET
fsr-3221	158	27	s&p500	s&p500	NOUN
fsr-3221	158	28	as	as	ADP
fsr-3221	158	29	the	the	DET
fsr-3221	158	30	baseline	baseline	NOUN
fsr-3221	158	31	market	market	NOUN
fsr-3221	158	32	proxy	proxy	NOUN
fsr-3221	158	33	.	.	PUNCT
fsr-3221	159	1	as	as	SCONJ
fsr-3221	159	2	demonstrated	demonstrate	VERB
fsr-3221	159	3	in	in	ADP
fsr-3221	159	4	tables	table	NOUN
fsr-3221	159	5	4	4	NUM
fsr-3221	159	6	and	and	CCONJ
fsr-3221	159	7	5	5	NUM
fsr-3221	159	8	,	,	PUNCT
fsr-3221	159	9	it	it	PRON
fsr-3221	159	10	can	can	AUX
fsr-3221	159	11	be	be	AUX
fsr-3221	159	12	concluded	conclude	VERB
fsr-3221	159	13	that	that	SCONJ
fsr-3221	159	14	the	the	DET
fsr-3221	159	15	annual	annual	ADJ
fsr-3221	159	16	supersector	supersector	NOUN
fsr-3221	159	17	portfolio	portfolio	NOUN
fsr-3221	159	18	outperformed	outperform	VERB
fsr-3221	159	19	the	the	DET
fsr-3221	159	20	djsi	djsi	NOUN
fsr-3221	159	21	in	in	ADP
fsr-3221	159	22	all	all	DET
fsr-3221	159	23	years	year	NOUN
fsr-3221	159	24	on	on	ADP
fsr-3221	159	25	a	a	DET
fsr-3221	159	26	risk	risk	NOUN
fsr-3221	159	27	-	-	PUNCT
fsr-3221	159	28	adjusted	adjust	VERB
fsr-3221	159	29	basis	basis	NOUN
fsr-3221	159	30	with	with	ADP
fsr-3221	159	31	95	95	NUM
fsr-3221	159	32	%	%	NOUN
fsr-3221	159	33	statistical	statistical	ADJ
fsr-3221	159	34	significance	significance	NOUN
fsr-3221	159	35	(	(	PUNCT
fsr-3221	159	36	with	with	ADP
fsr-3221	159	37	the	the	DET
fsr-3221	159	38	exception	exception	NOUN
fsr-3221	159	39	of	of	ADP
fsr-3221	159	40	the	the	DET
fsr-3221	159	41	2012	2012	NUM
fsr-3221	159	42	results	result	NOUN
fsr-3221	159	43	,	,	PUNCT
fsr-3221	159	44	which	which	PRON
fsr-3221	159	45	were	be	AUX
fsr-3221	159	46	not	not	PART
fsr-3221	159	47	statistically	statistically	ADV
fsr-3221	159	48	significant	significant	ADJ
fsr-3221	159	49	because	because	SCONJ
fsr-3221	159	50	of	of	ADP
fsr-3221	159	51	sample	sample	NOUN
fsr-3221	159	52	size	size	NOUN
fsr-3221	159	53	)	)	PUNCT
fsr-3221	159	54	.	.	PUNCT
fsr-3221	160	1	table	table	NOUN
fsr-3221	160	2	2	2	NUM
fsr-3221	160	3	annual	annual	ADJ
fsr-3221	160	4	supersector	supersector	NOUN
fsr-3221	160	5	leader	leader	NOUN
fsr-3221	160	6	portfolio	portfolio	NOUN
fsr-3221	160	7	performance	performance	NOUN
fsr-3221	160	8	vs.	vs.	ADP
fsr-3221	160	9	market	market	NOUN
fsr-3221	160	10	proxy	proxy	NOUN
fsr-3221	160	11	(	(	PUNCT
fsr-3221	160	12	2002	2002	NUM
fsr-3221	160	13	to	to	ADP
fsr-3221	160	14	2012	2012	NUM
fsr-3221	160	15	)	)	PUNCT
fsr-3221	160	16	year	year	NOUN
fsr-3221	160	17	jensen	jensen	PROPN
fsr-3221	160	18	’s	’s	PART
fsr-3221	160	19	m	m	PROPN
fsr-3221	160	20	-	-	ADJ
fsr-3221	160	21	square	square	ADJ
fsr-3221	160	22	significant	significant	ADJ
fsr-3221	160	23	at	at	ADP
fsr-3221	160	24	95	95	NUM
fsr-3221	160	25	%	%	NOUN
fsr-3221	160	26	?	?	PUNCT
fsr-3221	161	1	p	p	NOUN
fsr-3221	161	2	value	value	NOUN
fsr-3221	161	3	2012	2012	NUM
fsr-3221	161	4	0.1476	0.1476	NUM
fsr-3221	161	5	0.0559	0.0559	NUM
fsr-3221	161	6	no	no	DET
fsr-3221	161	7	0.87	0.87	NUM
fsr-3221	161	8	2011	2011	NUM
fsr-3221	161	9	�	�	PROPN
fsr-3221	161	10	0.0010	0.0010	NUM
fsr-3221	161	11	�	�	NOUN
fsr-3221	161	12	0.0275	0.0275	NUM
fsr-3221	161	13	yes	yes	NOUN
fsr-3221	161	14	2.3	2.3	NUM
fsr-3221	161	15	�	�	PROPN
fsr-3221	161	16	10	10	NUM
fsr-3221	161	17	�	�	PROPN
fsr-3221	161	18	4	4	NUM
fsr-3221	161	19	2010	2010	NUM
fsr-3221	161	20	�	�	PROPN
fsr-3221	161	21	0.0219	0.0219	NUM
fsr-3221	161	22	�	�	NOUN
fsr-3221	161	23	0.0194	0.0194	NUM
fsr-3221	161	24	yes	yes	NOUN
fsr-3221	161	25	5.5	5.5	NUM
fsr-3221	161	26	�	�	PROPN
fsr-3221	161	27	10	10	NUM
fsr-3221	161	28	�	�	PROPN
fsr-3221	161	29	9	9	NUM
fsr-3221	161	30	2009	2009	NUM
fsr-3221	161	31	�	�	PROPN
fsr-3221	161	32	0.0077	0.0077	NUM
fsr-3221	161	33	�	�	PROPN
fsr-3221	161	34	0.0088	0.0088	NUM
fsr-3221	161	35	yes	yes	NOUN
fsr-3221	161	36	1.3	1.3	NUM
fsr-3221	161	37	�	�	PROPN
fsr-3221	161	38	10	10	NUM
fsr-3221	161	39	�	�	PROPN
fsr-3221	161	40	14	14	NUM
fsr-3221	161	41	2008	2008	NUM
fsr-3221	161	42	0.0141	0.0141	NUM
fsr-3221	161	43	0.0111	0.0111	NUM
fsr-3221	161	44	yes	yes	NUM
fsr-3221	161	45	4.4	4.4	NUM
fsr-3221	161	46	�	�	PROPN
fsr-3221	161	47	10	10	NUM
fsr-3221	161	48	�	�	PROPN
fsr-3221	161	49	22	22	NUM
fsr-3221	161	50	2007	2007	NUM
fsr-3221	161	51	0.0130	0.0130	NUM
fsr-3221	162	1	0.0118	0.0118	NUM
fsr-3221	162	2	yes	yes	NUM
fsr-3221	162	3	5.1	5.1	NUM
fsr-3221	162	4	�	�	SYM
fsr-3221	162	5	10	10	NUM
fsr-3221	162	6	�	�	PROPN
fsr-3221	162	7	27	27	NUM
fsr-3221	162	8	2006	2006	NUM
fsr-3221	162	9	0.0167	0.0167	NUM
fsr-3221	162	10	0.0140	0.0140	NUM
fsr-3221	162	11	yes	yes	NUM
fsr-3221	162	12	1.1	1.1	NUM
fsr-3221	162	13	�	�	SYM
fsr-3221	162	14	10	10	NUM
fsr-3221	162	15	�	�	PROPN
fsr-3221	162	16	34	34	NUM
fsr-3221	162	17	2005	2005	NUM
fsr-3221	162	18	0.0185	0.0185	NUM
fsr-3221	162	19	0.0184	0.0184	NUM
fsr-3221	162	20	yes	yes	INTJ
fsr-3221	162	21	5.1	5.1	NUM
fsr-3221	162	22	�	�	SYM
fsr-3221	162	23	10	10	NUM
fsr-3221	162	24	�	�	PROPN
fsr-3221	162	25	37	37	NUM
fsr-3221	162	26	2004	2004	NUM
fsr-3221	162	27	0.0260	0.0260	NUM
fsr-3221	162	28	0.0245	0.0245	NUM
fsr-3221	162	29	yes	yes	NOUN
fsr-3221	162	30	2.7	2.7	NUM
fsr-3221	162	31	�	�	NOUN
fsr-3221	162	32	10	10	NUM
fsr-3221	162	33	�	�	PROPN
fsr-3221	162	34	22	22	NUM
fsr-3221	162	35	2003	2003	NUM
fsr-3221	162	36	0.0201	0.0201	NUM
fsr-3221	162	37	0.0174	0.0174	NUM
fsr-3221	163	1	yes	yes	NUM
fsr-3221	163	2	6.8	6.8	NUM
fsr-3221	163	3	�	�	PROPN
fsr-3221	163	4	10	10	NUM
fsr-3221	163	5	�	�	PROPN
fsr-3221	163	6	27	27	NUM
fsr-3221	163	7	2002	2002	NUM
fsr-3221	163	8	0.0258	0.0258	NUM
fsr-3221	164	1	0.0210	0.0210	NUM
fsr-3221	164	2	yes	yes	NOUN
fsr-3221	164	3	2.7	2.7	NUM
fsr-3221	164	4	�	�	PROPN
fsr-3221	164	5	10	10	NUM
fsr-3221	164	6	�	�	NOUN
fsr-3221	164	7	8	8	NUM
fsr-3221	164	8	table	table	NOUN
fsr-3221	164	9	2	2	NUM
fsr-3221	164	10	demonstrates	demonstrate	VERB
fsr-3221	164	11	the	the	DET
fsr-3221	164	12	annual	annual	ADJ
fsr-3221	164	13	performance	performance	NOUN
fsr-3221	164	14	of	of	ADP
fsr-3221	164	15	each	each	DET
fsr-3221	164	16	supersector	supersector	NOUN
fsr-3221	164	17	leader	leader	NOUN
fsr-3221	164	18	class	class	NOUN
fsr-3221	164	19	portfolio	portfolio	NOUN
fsr-3221	164	20	against	against	ADP
fsr-3221	164	21	the	the	DET
fsr-3221	164	22	baseline	baseline	NOUN
fsr-3221	164	23	market	market	NOUN
fsr-3221	164	24	proxy	proxy	NOUN
fsr-3221	164	25	(	(	PUNCT
fsr-3221	164	26	s&p	s&p	PROPN
fsr-3221	164	27	500	500	NUM
fsr-3221	164	28	)	)	PUNCT
fsr-3221	164	29	using	use	VERB
fsr-3221	164	30	jensen	jensen	PROPN
fsr-3221	164	31	’s	’s	PART
fsr-3221	164	32	alpha	alpha	NOUN
fsr-3221	164	33	and	and	CCONJ
fsr-3221	164	34	m	m	NOUN
fsr-3221	164	35	-	-	NOUN
fsr-3221	164	36	square	square	ADJ
fsr-3221	164	37	as	as	ADP
fsr-3221	164	38	performance	performance	NOUN
fsr-3221	164	39	measures	measure	NOUN
fsr-3221	164	40	.	.	PUNCT
fsr-3221	165	1	statistical	statistical	ADJ
fsr-3221	165	2	significance	significance	NOUN
fsr-3221	165	3	of	of	ADP
fsr-3221	165	4	the	the	DET
fsr-3221	165	5	results	result	NOUN
fsr-3221	165	6	is	be	AUX
fsr-3221	165	7	shown	show	VERB
fsr-3221	165	8	in	in	ADP
fsr-3221	165	9	the	the	DET
fsr-3221	165	10	columns	column	NOUN
fsr-3221	165	11	to	to	ADP
fsr-3221	165	12	the	the	DET
fsr-3221	165	13	far	far	ADV
fsr-3221	165	14	right	right	ADJ
fsr-3221	165	15	column	column	NOUN
fsr-3221	165	16	,	,	PUNCT
fsr-3221	165	17	including	include	VERB
fsr-3221	165	18	p	p	NOUN
fsr-3221	165	19	values	value	NOUN
fsr-3221	165	20	,	,	PUNCT
fsr-3221	165	21	which	which	PRON
fsr-3221	165	22	apply	apply	VERB
fsr-3221	165	23	to	to	ADP
fsr-3221	165	24	jensen	jensen	PROPN
fsr-3221	165	25	’s	’s	PART
fsr-3221	165	26	alpha	alpha	PROPN
fsr-3221	165	27	,	,	PUNCT
fsr-3221	165	28	m	m	NOUN
fsr-3221	165	29	-	-	ADJ
fsr-3221	165	30	square	square	ADJ
fsr-3221	165	31	,	,	PUNCT
fsr-3221	165	32	treynor	treynor	NOUN
fsr-3221	165	33	’s	’s	PART
fsr-3221	165	34	measure	measure	NOUN
fsr-3221	165	35	(	(	PUNCT
fsr-3221	165	36	table	table	NOUN
fsr-3221	165	37	3	3	NUM
fsr-3221	165	38	)	)	PUNCT
fsr-3221	165	39	,	,	PUNCT
fsr-3221	165	40	and	and	CCONJ
fsr-3221	165	41	sharpe	sharpe	PROPN
fsr-3221	165	42	’s	’s	PART
fsr-3221	165	43	measure	measure	NOUN
fsr-3221	165	44	(	(	PUNCT
fsr-3221	165	45	table	table	NOUN
fsr-3221	165	46	3	3	NUM
fsr-3221	165	47	)	)	PUNCT
fsr-3221	165	48	.	.	PUNCT
fsr-3221	166	1	table	table	NOUN
fsr-3221	166	2	3	3	NUM
fsr-3221	166	3	annual	annual	ADJ
fsr-3221	166	4	supersector	supersector	NOUN
fsr-3221	166	5	leader	leader	NOUN
fsr-3221	166	6	portfolio	portfolio	NOUN
fsr-3221	166	7	performance	performance	NOUN
fsr-3221	166	8	vs.	vs.	ADP
fsr-3221	166	9	market	market	NOUN
fsr-3221	166	10	proxy	proxy	NOUN
fsr-3221	166	11	(	(	PUNCT
fsr-3221	166	12	2002	2002	NUM
fsr-3221	166	13	to	to	ADP
fsr-3221	166	14	2012	2012	NUM
fsr-3221	166	15	)	)	PUNCT
fsr-3221	166	16	year	year	NOUN
fsr-3221	166	17	treynor	treynor	NOUN
fsr-3221	166	18	(	(	PUNCT
fsr-3221	166	19	leaders	leader	NOUN
fsr-3221	166	20	)	)	PUNCT
fsr-3221	166	21	treynor	treynor	NOUN
fsr-3221	166	22	(	(	PUNCT
fsr-3221	166	23	s&p	s&p	PROPN
fsr-3221	166	24	500	500	NUM
fsr-3221	166	25	)	)	PUNCT
fsr-3221	166	26	sharpe	sharpe	NOUN
fsr-3221	166	27	(	(	PUNCT
fsr-3221	166	28	leaders	leaders	PROPN
fsr-3221	166	29	)	)	PUNCT
fsr-3221	166	30	sharpe	sharpe	PROPN
fsr-3221	166	31	(	(	PUNCT
fsr-3221	166	32	s&p	s&p	PROPN
fsr-3221	166	33	500	500	NUM
fsr-3221	166	34	)	)	PUNCT
fsr-3221	166	35	2012	2012	NUM
fsr-3221	166	36	1.4763	1.4763	NUM
fsr-3221	166	37	0.0755	0.0755	NUM
fsr-3221	166	38	0.7737	0.7737	NUM
fsr-3221	166	39	0.4444	0.4444	NUM
fsr-3221	166	40	2011	2011	NUM
fsr-3221	166	41	0.1121	0.1121	NUM
fsr-3221	166	42	0.1131	0.1131	NUM
fsr-3221	166	43	0.3410	0.3410	NUM
fsr-3221	166	44	0.4503	0.4503	NUM
fsr-3221	166	45	2010	2010	NUM
fsr-3221	166	46	�	�	NOUN
fsr-3221	166	47	0.0012	0.0012	NUM
fsr-3221	166	48	0.0184	0.0184	NUM
fsr-3221	166	49	�	�	PROPN
fsr-3221	166	50	0.0077	0.0077	NUM
fsr-3221	166	51	0.1421	0.1421	NUM
fsr-3221	166	52	2009	2009	NUM
fsr-3221	166	53	0.0072	0.0072	NUM
fsr-3221	166	54	0.0151	0.0151	NUM
fsr-3221	166	55	0.0430	0.0430	NUM
fsr-3221	166	56	0.1028	0.1028	NUM
fsr-3221	166	57	2008	2008	NUM
fsr-3221	166	58	0.0163	0.0163	NUM
fsr-3221	166	59	0.0037	0.0037	NUM
fsr-3221	166	60	0.0790	0.0790	NUM
fsr-3221	166	61	0.0198	0.0198	NUM
fsr-3221	166	62	2007	2007	NUM
fsr-3221	166	63	�	�	PROPN
fsr-3221	166	64	0.0024	0.0024	NUM
fsr-3221	166	65	�	�	PROPN
fsr-3221	166	66	0.0140	0.0140	NUM
fsr-3221	166	67	�	�	PROPN
fsr-3221	166	68	0.0118	0.0118	NUM
fsr-3221	166	69	�	�	NUM
fsr-3221	166	70	0.0761	0.0761	NUM
fsr-3221	166	71	2006	2006	NUM
fsr-3221	166	72	0.0055	0.0055	NUM
fsr-3221	166	73	�	�	PROPN
fsr-3221	166	74	0.0088	0.0088	NUM
fsr-3221	166	75	0.0298	0.0298	NUM
fsr-3221	166	76	�	�	NOUN
fsr-3221	166	77	0.0512	0.0512	NUM
fsr-3221	166	78	2005	2005	NUM
fsr-3221	166	79	0.0124	0.0124	NUM
fsr-3221	166	80	�	�	PROPN
fsr-3221	166	81	0.0070	0.0070	NUM
fsr-3221	166	82	0.0701	0.0701	NUM
fsr-3221	166	83	�	�	NOUN
fsr-3221	166	84	0.0433	0.0433	NUM
fsr-3221	166	85	2004	2004	NUM
fsr-3221	166	86	0.0248	0.0248	NUM
fsr-3221	166	87	�	�	PROPN
fsr-3221	166	88	0.0051	0.0051	NUM
fsr-3221	166	89	0.1253	0.1253	NUM
fsr-3221	166	90	�	�	PROPN
fsr-3221	166	91	0.0331	0.0331	NUM
fsr-3221	166	92	2003	2003	NUM
fsr-3221	166	93	0.0177	0.0177	NUM
fsr-3221	166	94	�	�	PROPN
fsr-3221	166	95	0.0031	0.0031	NUM
fsr-3221	166	96	0.0955	0.0955	NUM
fsr-3221	166	97	�	�	NOUN
fsr-3221	166	98	0.0211	0.0211	NUM
fsr-3221	166	99	2002	2002	NUM
fsr-3221	166	100	0.0288	0.0288	NUM
fsr-3221	166	101	0.0011	0.0011	NUM
fsr-3221	166	102	0.1478	0.1478	NUM
fsr-3221	166	103	0.0073	0.0073	NUM
fsr-3221	166	104	table	table	NOUN
fsr-3221	166	105	3	3	NUM
fsr-3221	166	106	demonstrates	demonstrate	VERB
fsr-3221	166	107	the	the	DET
fsr-3221	166	108	annual	annual	ADJ
fsr-3221	166	109	performance	performance	NOUN
fsr-3221	166	110	of	of	ADP
fsr-3221	166	111	each	each	DET
fsr-3221	166	112	supersector	supersector	NOUN
fsr-3221	166	113	leader	leader	NOUN
fsr-3221	166	114	class	class	NOUN
fsr-3221	166	115	portfolio	portfolio	NOUN
fsr-3221	166	116	against	against	ADP
fsr-3221	166	117	the	the	DET
fsr-3221	166	118	baseline	baseline	NOUN
fsr-3221	166	119	market	market	NOUN
fsr-3221	166	120	proxy	proxy	NOUN
fsr-3221	166	121	(	(	PUNCT
fsr-3221	166	122	s&p	s&p	PROPN
fsr-3221	166	123	500	500	NUM
fsr-3221	166	124	)	)	PUNCT
fsr-3221	166	125	using	use	VERB
fsr-3221	166	126	treynor	treynor	NOUN
fsr-3221	166	127	’s	’s	PART
fsr-3221	166	128	measure	measure	NOUN
fsr-3221	166	129	and	and	CCONJ
fsr-3221	166	130	sharpe	sharpe	PROPN
fsr-3221	166	131	’s	’s	PART
fsr-3221	166	132	measure	measure	NOUN
fsr-3221	166	133	to	to	PART
fsr-3221	166	134	gauge	gauge	VERB
fsr-3221	166	135	performance	performance	NOUN
fsr-3221	166	136	.	.	PUNCT
fsr-3221	167	1	for	for	ADP
fsr-3221	167	2	the	the	DET
fsr-3221	167	3	benefit	benefit	NOUN
fsr-3221	167	4	of	of	ADP
fsr-3221	167	5	the	the	DET
fsr-3221	167	6	reader	reader	NOUN
fsr-3221	167	7	,	,	PUNCT
fsr-3221	167	8	the	the	DET
fsr-3221	167	9	greater	great	ADJ
fsr-3221	167	10	return	return	NOUN
fsr-3221	167	11	between	between	ADP
fsr-3221	167	12	the	the	DET
fsr-3221	167	13	supersector	supersector	NOUN
fsr-3221	167	14	portfolio	portfolio	NOUN
fsr-3221	167	15	and	and	CCONJ
fsr-3221	167	16	market	market	NOUN
fsr-3221	167	17	proxy	proxy	NOUN
fsr-3221	167	18	has	have	AUX
fsr-3221	167	19	been	be	AUX
fsr-3221	167	20	bolded	bolde	VERB
fsr-3221	167	21	.	.	PUNCT
fsr-3221	168	1	209t.m	209t.m	X
fsr-3221	168	2	.	.	PUNCT
fsr-3221	168	3	shank	shank	PROPN
fsr-3221	168	4	,	,	PUNCT
fsr-3221	168	5	b.	b.	PROPN
fsr-3221	168	6	shockey	shockey	PROPN
fsr-3221	168	7	/	/	SYM
fsr-3221	168	8	financial	financial	ADJ
fsr-3221	168	9	services	service	NOUN
fsr-3221	168	10	review	review	VERB
fsr-3221	168	11	25	25	NUM
fsr-3221	168	12	(	(	PUNCT
fsr-3221	168	13	2016	2016	NUM
fsr-3221	168	14	)	)	PUNCT
fsr-3221	168	15	199–214	199–214	NUM
fsr-3221	168	16	4.2	4.2	NUM
fsr-3221	168	17	.	.	PUNCT
fsr-3221	169	1	cumulative	cumulative	ADJ
fsr-3221	169	2	supersector	supersector	NOUN
fsr-3221	169	3	leader	leader	NOUN
fsr-3221	169	4	portfolio	portfolio	NOUN
fsr-3221	169	5	analysis	analysis	NOUN
fsr-3221	169	6	the	the	DET
fsr-3221	169	7	results	result	NOUN
fsr-3221	169	8	of	of	ADP
fsr-3221	169	9	the	the	DET
fsr-3221	169	10	cumulative	cumulative	ADJ
fsr-3221	169	11	supersector	supersector	NOUN
fsr-3221	169	12	leader	leader	NOUN
fsr-3221	169	13	portfolio	portfolio	NOUN
fsr-3221	169	14	analysis	analysis	NOUN
fsr-3221	169	15	are	be	AUX
fsr-3221	169	16	presented	present	VERB
fsr-3221	169	17	in	in	ADP
fsr-3221	169	18	tables	table	NOUN
fsr-3221	169	19	6	6	NUM
fsr-3221	169	20	,	,	PUNCT
fsr-3221	169	21	7	7	NUM
fsr-3221	169	22	,	,	PUNCT
fsr-3221	169	23	8	8	NUM
fsr-3221	169	24	,	,	PUNCT
fsr-3221	169	25	and	and	CCONJ
fsr-3221	169	26	9	9	NUM
fsr-3221	169	27	.	.	X
fsr-3221	170	1	for	for	ADP
fsr-3221	170	2	the	the	DET
fsr-3221	170	3	cumulative	cumulative	ADJ
fsr-3221	170	4	supersector	supersector	NOUN
fsr-3221	170	5	portfolio	portfolio	NOUN
fsr-3221	170	6	analysis	analysis	NOUN
fsr-3221	170	7	,	,	PUNCT
fsr-3221	170	8	the	the	DET
fsr-3221	170	9	jensen	jensen	PROPN
fsr-3221	170	10	’s	’s	PART
fsr-3221	170	11	alpha	alpha	NOUN
fsr-3221	170	12	and	and	CCONJ
fsr-3221	170	13	m	m	NOUN
fsr-3221	170	14	-	-	ADJ
fsr-3221	170	15	square	square	ADJ
fsr-3221	170	16	performance	performance	NOUN
fsr-3221	170	17	measures	measure	NOUN
fsr-3221	170	18	were	be	AUX
fsr-3221	170	19	once	once	ADV
fsr-3221	170	20	again	again	ADV
fsr-3221	170	21	utilized	utilize	VERB
fsr-3221	170	22	to	to	PART
fsr-3221	170	23	provide	provide	VERB
fsr-3221	170	24	risk	risk	NOUN
fsr-3221	170	25	-	-	PUNCT
fsr-3221	170	26	adjusted	adjust	VERB
fsr-3221	170	27	comparative	comparative	ADJ
fsr-3221	170	28	statistics	statistic	NOUN
fsr-3221	170	29	whereby	whereby	SCONJ
fsr-3221	170	30	the	the	DET
fsr-3221	170	31	performance	performance	NOUN
fsr-3221	170	32	of	of	ADP
fsr-3221	170	33	each	each	DET
fsr-3221	170	34	annual	annual	ADJ
fsr-3221	170	35	supersector	supersector	NOUN
fsr-3221	170	36	class	class	NOUN
fsr-3221	170	37	is	be	AUX
fsr-3221	170	38	compared	compare	VERB
fsr-3221	170	39	with	with	ADP
fsr-3221	170	40	the	the	DET
fsr-3221	170	41	baseline	baseline	NOUN
fsr-3221	170	42	market	market	NOUN
fsr-3221	170	43	proxy	proxy	NOUN
fsr-3221	170	44	(	(	PUNCT
fsr-3221	170	45	the	the	DET
fsr-3221	170	46	s&p	s&p	PROPN
fsr-3221	170	47	500	500	NUM
fsr-3221	170	48	)	)	PUNCT
fsr-3221	170	49	.	.	PUNCT
fsr-3221	171	1	it	it	PRON
fsr-3221	171	2	then	then	ADV
fsr-3221	171	3	follows	follow	VERB
fsr-3221	171	4	that	that	SCONJ
fsr-3221	171	5	a	a	DET
fsr-3221	171	6	positive	positive	ADJ
fsr-3221	171	7	jensen	jensen	PROPN
fsr-3221	171	8	’s	’s	PART
fsr-3221	171	9	alpha	alpha	NOUN
fsr-3221	171	10	or	or	CCONJ
fsr-3221	171	11	m	m	NOUN
fsr-3221	171	12	-	-	ADJ
fsr-3221	171	13	square	square	ADJ
fsr-3221	171	14	indicates	indicate	VERB
fsr-3221	171	15	that	that	SCONJ
fsr-3221	171	16	the	the	DET
fsr-3221	171	17	supersector	supersector	NOUN
fsr-3221	171	18	portfolio	portfolio	NOUN
fsr-3221	171	19	outperformed	outperform	VERB
fsr-3221	171	20	the	the	DET
fsr-3221	171	21	s&p500	s&p500	NOUN
fsr-3221	171	22	and	and	CCONJ
fsr-3221	171	23	vice	vice	ADV
fsr-3221	171	24	versa	versa	ADV
fsr-3221	171	25	.	.	PUNCT
fsr-3221	172	1	therefore	therefore	ADV
fsr-3221	172	2	,	,	PUNCT
fsr-3221	172	3	it	it	PRON
fsr-3221	172	4	can	can	AUX
fsr-3221	172	5	be	be	AUX
fsr-3221	172	6	intertable	intertable	ADJ
fsr-3221	172	7	4	4	NUM
fsr-3221	172	8	annual	annual	ADJ
fsr-3221	172	9	supersector	supersector	NOUN
fsr-3221	172	10	leader	leader	NOUN
fsr-3221	172	11	portfolio	portfolio	NOUN
fsr-3221	172	12	performance	performance	NOUN
fsr-3221	172	13	vs.	vs.	ADP
fsr-3221	172	14	w1sgi	w1sgi	PROPN
fsr-3221	172	15	(	(	PUNCT
fsr-3221	172	16	2002	2002	NUM
fsr-3221	172	17	to	to	ADP
fsr-3221	172	18	2012	2012	NUM
fsr-3221	172	19	)	)	PUNCT
fsr-3221	172	20	year	year	NOUN
fsr-3221	172	21	jensen	jensen	PROPN
fsr-3221	172	22	’s	’s	PART
fsr-3221	172	23	(	(	PUNCT
fsr-3221	172	24	leaders	leader	NOUN
fsr-3221	172	25	)	)	PUNCT
fsr-3221	172	26	jensen	jensen	PROPN
fsr-3221	172	27	’s	’s	PART
fsr-3221	172	28	(	(	PUNCT
fsr-3221	172	29	djsi	djsi	X
fsr-3221	172	30	)	)	PUNCT
fsr-3221	172	31	m	m	NOUN
fsr-3221	172	32	-	-	ADJ
fsr-3221	172	33	square	square	ADJ
fsr-3221	172	34	(	(	PUNCT
fsr-3221	172	35	leaders	leader	NOUN
fsr-3221	172	36	)	)	PUNCT
fsr-3221	172	37	m	m	PROPN
fsr-3221	172	38	-	-	ADJ
fsr-3221	172	39	square	square	ADJ
fsr-3221	172	40	(	(	PUNCT
fsr-3221	172	41	djsi	djsi	NUM
fsr-3221	172	42	)	)	PUNCT
fsr-3221	172	43	leaders	leader	NOUN
fsr-3221	172	44	p	p	NOUN
fsr-3221	172	45	value	value	NOUN
fsr-3221	172	46	djsi	djsi	NOUN
fsr-3221	172	47	p	p	NOUN
fsr-3221	172	48	value	value	NOUN
fsr-3221	172	49	2012	2012	NUM
fsr-3221	172	50	0.1476	0.1476	NUM
fsr-3221	172	51	0.0456	0.0456	NUM
fsr-3221	172	52	0.0559	0.0559	NUM
fsr-3221	172	53	0.0199	0.0199	NUM
fsr-3221	172	54	0.87	0.87	NUM
fsr-3221	172	55	0.21	0.21	NUM
fsr-3221	172	56	2011	2011	NUM
fsr-3221	172	57	�	�	PROPN
fsr-3221	172	58	0.0010	0.0010	NUM
fsr-3221	172	59	�	�	PROPN
fsr-3221	172	60	0.0637	0.0637	NUM
fsr-3221	172	61	�	�	NOUN
fsr-3221	172	62	0.0275	0.0275	NUM
fsr-3221	172	63	�	�	NOUN
fsr-3221	172	64	0.0567	0.0567	NUM
fsr-3221	172	65	2.3	2.3	NUM
fsr-3221	172	66	�	�	PROPN
fsr-3221	172	67	10	10	NUM
fsr-3221	172	68	�	�	PROPN
fsr-3221	172	69	4	4	NUM
fsr-3221	172	70	1.1	1.1	NUM
fsr-3221	172	71	�	�	PROPN
fsr-3221	172	72	10	10	NUM
fsr-3221	172	73	�	�	PROPN
fsr-3221	172	74	7	7	NUM
fsr-3221	172	75	2010	2010	NUM
fsr-3221	172	76	�	�	PROPN
fsr-3221	172	77	0.0219	0.0219	NUM
fsr-3221	172	78	�	�	SYM
fsr-3221	172	79	0.0260	0.0260	NUM
fsr-3221	172	80	�	�	SYM
fsr-3221	172	81	0.0194	0.0194	NUM
fsr-3221	172	82	�	�	NOUN
fsr-3221	172	83	0.0206	0.0206	NUM
fsr-3221	172	84	5.5	5.5	NUM
fsr-3221	172	85	�	�	PROPN
fsr-3221	172	86	10	10	NUM
fsr-3221	172	87	�	�	PROPN
fsr-3221	172	88	9	9	NUM
fsr-3221	172	89	2.8	2.8	NUM
fsr-3221	172	90	�	�	NOUN
fsr-3221	172	91	10	10	NUM
fsr-3221	172	92	�	�	PROPN
fsr-3221	172	93	14	14	NUM
fsr-3221	172	94	2009	2009	NUM
fsr-3221	172	95	�	�	PROPN
fsr-3221	172	96	0.0077	0.0077	NUM
fsr-3221	172	97	�	�	PROPN
fsr-3221	172	98	0.0222	0.0222	NUM
fsr-3221	172	99	�	�	PROPN
fsr-3221	172	100	0.0088	0.0088	NUM
fsr-3221	172	101	�	�	PROPN
fsr-3221	172	102	0.0190	0.0190	NUM
fsr-3221	172	103	1.3	1.3	NUM
fsr-3221	172	104	�	�	PROPN
fsr-3221	172	105	10	10	NUM
fsr-3221	172	106	�	�	PROPN
fsr-3221	172	107	14	14	NUM
fsr-3221	172	108	3.4	3.4	NUM
fsr-3221	172	109	�	�	PROPN
fsr-3221	172	110	10	10	NUM
fsr-3221	172	111	�	�	PROPN
fsr-3221	172	112	19	19	NUM
fsr-3221	172	113	2008	2008	NUM
fsr-3221	172	114	0.0141	0.0141	NUM
fsr-3221	172	115	�	�	PROPN
fsr-3221	172	116	0.0106	0.0106	NUM
fsr-3221	172	117	0.0111	0.0111	NUM
fsr-3221	172	118	�	�	PROPN
fsr-3221	172	119	0.0090	0.0090	NUM
fsr-3221	172	120	4.4	4.4	NUM
fsr-3221	172	121	�	�	PROPN
fsr-3221	172	122	10	10	NUM
fsr-3221	172	123	�	�	PROPN
fsr-3221	172	124	22	22	NUM
fsr-3221	172	125	4.9	4.9	NUM
fsr-3221	172	126	�	�	PROPN
fsr-3221	172	127	10	10	NUM
fsr-3221	172	128	�	�	PROPN
fsr-3221	172	129	29	29	NUM
fsr-3221	172	130	2007	2007	NUM
fsr-3221	172	131	0.0130	0.0130	NUM
fsr-3221	172	132	�	�	PROPN
fsr-3221	172	133	0.0101	0.0101	NUM
fsr-3221	172	134	0.0118	0.0118	NUM
fsr-3221	172	135	�	�	PROPN
fsr-3221	172	136	0.0078	0.0078	NUM
fsr-3221	172	137	5.1	5.1	NUM
fsr-3221	172	138	�	�	SYM
fsr-3221	172	139	10	10	NUM
fsr-3221	172	140	�	�	PROPN
fsr-3221	172	141	27	27	NUM
fsr-3221	172	142	7.7	7.7	NUM
fsr-3221	172	143	�	�	SYM
fsr-3221	172	144	10	10	NUM
fsr-3221	172	145	�	�	PROPN
fsr-3221	172	146	34	34	NUM
fsr-3221	172	147	2006	2006	NUM
fsr-3221	172	148	0.0167	0.0167	NUM
fsr-3221	172	149	�	�	PROPN
fsr-3221	172	150	0.0063	0.0063	NUM
fsr-3221	172	151	0.0140	0.0140	NUM
fsr-3221	172	152	�	�	PROPN
fsr-3221	172	153	0.0048	0.0048	NUM
fsr-3221	172	154	1.1	1.1	NUM
fsr-3221	172	155	�	�	PROPN
fsr-3221	172	156	10	10	NUM
fsr-3221	172	157	�	�	PROPN
fsr-3221	172	158	34	34	NUM
fsr-3221	172	159	6.2	6.2	NUM
fsr-3221	172	160	�	�	PROPN
fsr-3221	172	161	10	10	NUM
fsr-3221	172	162	�	�	PROPN
fsr-3221	172	163	39	39	NUM
fsr-3221	172	164	2005	2005	NUM
fsr-3221	172	165	0.0185	0.0185	NUM
fsr-3221	172	166	�	�	PROPN
fsr-3221	172	167	0.0035	0.0035	NUM
fsr-3221	172	168	0.0184	0.0184	NUM
fsr-3221	172	169	�	�	NOUN
fsr-3221	172	170	0.0025	0.0025	NUM
fsr-3221	172	171	5.1	5.1	NUM
fsr-3221	172	172	�	�	PROPN
fsr-3221	172	173	10	10	NUM
fsr-3221	172	174	�	�	PROPN
fsr-3221	172	175	37	37	NUM
fsr-3221	172	176	6.8	6.8	NUM
fsr-3221	172	177	�	�	PROPN
fsr-3221	172	178	10	10	NUM
fsr-3221	172	179	�	�	PROPN
fsr-3221	172	180	44	44	NUM
fsr-3221	172	181	2004	2004	NUM
fsr-3221	172	182	0.0260	0.0260	NUM
fsr-3221	172	183	�	�	PROPN
fsr-3221	172	184	0.0013	0.0013	NUM
fsr-3221	172	185	0.0245	0.0245	NUM
fsr-3221	172	186	�	�	PROPN
fsr-3221	172	187	0.0008	0.0008	NUM
fsr-3221	172	188	2.7	2.7	NUM
fsr-3221	172	189	�	�	NOUN
fsr-3221	172	190	10	10	NUM
fsr-3221	172	191	�	�	NOUN
fsr-3221	172	192	22	22	NUM
fsr-3221	172	193	4.1	4.1	NUM
fsr-3221	172	194	�	�	SYM
fsr-3221	172	195	10	10	NUM
fsr-3221	172	196	�	�	PROPN
fsr-3221	172	197	49	49	NUM
fsr-3221	172	198	2003	2003	NUM
fsr-3221	172	199	0.0201	0.0201	NUM
fsr-3221	172	200	�	�	PROPN
fsr-3221	172	201	0.0005	0.0005	NUM
fsr-3221	172	202	0.0174	0.0174	NUM
fsr-3221	172	203	�	�	PROPN
fsr-3221	172	204	0.0002	0.0002	NUM
fsr-3221	172	205	6.8	6.8	NUM
fsr-3221	172	206	�	�	PROPN
fsr-3221	172	207	10	10	NUM
fsr-3221	172	208	�	�	PROPN
fsr-3221	172	209	27	27	NUM
fsr-3221	172	210	2.5	2.5	NUM
fsr-3221	172	211	�	�	PROPN
fsr-3221	172	212	10	10	NUM
fsr-3221	172	213	�	�	PROPN
fsr-3221	172	214	55	55	NUM
fsr-3221	172	215	2002	2002	NUM
fsr-3221	172	216	0.0258	0.0258	NUM
fsr-3221	172	217	�	�	PROPN
fsr-3221	172	218	0.0005	0.0005	NUM
fsr-3221	172	219	0.0210	0.0210	NUM
fsr-3221	172	220	�	�	PROPN
fsr-3221	172	221	0.0005	0.0005	NUM
fsr-3221	172	222	2.7	2.7	NUM
fsr-3221	172	223	�	�	PROPN
fsr-3221	172	224	10	10	NUM
fsr-3221	172	225	�	�	PROPN
fsr-3221	172	226	8	8	NUM
fsr-3221	172	227	3.8	3.8	NUM
fsr-3221	172	228	�	�	NOUN
fsr-3221	172	229	10	10	NUM
fsr-3221	172	230	�	�	NOUN
fsr-3221	172	231	62	62	NUM
fsr-3221	172	232	table	table	NOUN
fsr-3221	172	233	4	4	NUM
fsr-3221	172	234	demonstrates	demonstrate	VERB
fsr-3221	172	235	the	the	DET
fsr-3221	172	236	annual	annual	ADJ
fsr-3221	172	237	performance	performance	NOUN
fsr-3221	172	238	of	of	ADP
fsr-3221	172	239	each	each	DET
fsr-3221	172	240	supersector	supersector	NOUN
fsr-3221	172	241	leader	leader	NOUN
fsr-3221	172	242	class	class	NOUN
fsr-3221	172	243	portfolio	portfolio	NOUN
fsr-3221	172	244	against	against	ADP
fsr-3221	172	245	the	the	DET
fsr-3221	172	246	dow	dow	PROPN
fsr-3221	172	247	jones	jones	PROPN
fsr-3221	172	248	sustainability	sustainability	PROPN
fsr-3221	172	249	index	index	NOUN
fsr-3221	172	250	(	(	PUNCT
fsr-3221	172	251	w1sgi	w1sgi	NOUN
fsr-3221	172	252	)	)	PUNCT
fsr-3221	172	253	,	,	PUNCT
fsr-3221	172	254	while	while	SCONJ
fsr-3221	172	255	utilizing	utilize	VERB
fsr-3221	172	256	the	the	DET
fsr-3221	172	257	s&p	s&p	PROPN
fsr-3221	172	258	500	500	NUM
fsr-3221	172	259	as	as	ADP
fsr-3221	172	260	the	the	DET
fsr-3221	172	261	baseline	baseline	NOUN
fsr-3221	172	262	market	market	NOUN
fsr-3221	172	263	proxy	proxy	NOUN
fsr-3221	172	264	.	.	PUNCT
fsr-3221	173	1	performance	performance	NOUN
fsr-3221	173	2	measures	measure	NOUN
fsr-3221	173	3	in	in	ADP
fsr-3221	173	4	table	table	NOUN
fsr-3221	173	5	5	5	NUM
fsr-3221	173	6	are	be	AUX
fsr-3221	173	7	jensen	jensen	PROPN
fsr-3221	173	8	’s	’s	PART
fsr-3221	173	9	alpha	alpha	NOUN
fsr-3221	173	10	and	and	CCONJ
fsr-3221	173	11	m	m	NOUN
fsr-3221	173	12	-	-	PROPN
fsr-3221	173	13	square	square	ADJ
fsr-3221	173	14	.	.	PUNCT
fsr-3221	174	1	statistical	statistical	ADJ
fsr-3221	174	2	significance	significance	NOUN
fsr-3221	174	3	of	of	ADP
fsr-3221	174	4	the	the	DET
fsr-3221	174	5	results	result	NOUN
fsr-3221	174	6	is	be	AUX
fsr-3221	174	7	shown	show	VERB
fsr-3221	174	8	in	in	ADP
fsr-3221	174	9	the	the	DET
fsr-3221	174	10	columns	column	NOUN
fsr-3221	174	11	to	to	ADP
fsr-3221	174	12	the	the	DET
fsr-3221	174	13	far	far	ADV
fsr-3221	174	14	right	right	ADJ
fsr-3221	174	15	column	column	NOUN
fsr-3221	174	16	,	,	PUNCT
fsr-3221	174	17	including	include	VERB
fsr-3221	174	18	p	p	NOUN
fsr-3221	174	19	values	value	NOUN
fsr-3221	174	20	that	that	PRON
fsr-3221	174	21	apply	apply	VERB
fsr-3221	174	22	to	to	ADP
fsr-3221	174	23	jensen	jensen	PROPN
fsr-3221	174	24	’s	’s	PART
fsr-3221	174	25	alpha	alpha	PROPN
fsr-3221	174	26	,	,	PUNCT
fsr-3221	174	27	m	m	NOUN
fsr-3221	174	28	-	-	ADJ
fsr-3221	174	29	square	square	ADJ
fsr-3221	174	30	,	,	PUNCT
fsr-3221	174	31	treynor	treynor	NOUN
fsr-3221	174	32	’s	’s	PART
fsr-3221	174	33	measure	measure	NOUN
fsr-3221	174	34	(	(	PUNCT
fsr-3221	174	35	table	table	NOUN
fsr-3221	174	36	5	5	NUM
fsr-3221	174	37	)	)	PUNCT
fsr-3221	174	38	,	,	PUNCT
fsr-3221	174	39	and	and	CCONJ
fsr-3221	174	40	sharpe	sharpe	PROPN
fsr-3221	174	41	’s	’s	PART
fsr-3221	174	42	measure	measure	NOUN
fsr-3221	174	43	(	(	PUNCT
fsr-3221	174	44	table	table	NOUN
fsr-3221	174	45	5	5	NUM
fsr-3221	174	46	)	)	PUNCT
fsr-3221	174	47	.	.	PUNCT
fsr-3221	175	1	for	for	ADP
fsr-3221	175	2	the	the	DET
fsr-3221	175	3	benefit	benefit	NOUN
fsr-3221	175	4	of	of	ADP
fsr-3221	175	5	the	the	DET
fsr-3221	175	6	reader	reader	NOUN
fsr-3221	175	7	,	,	PUNCT
fsr-3221	175	8	the	the	DET
fsr-3221	175	9	greater	great	ADJ
fsr-3221	175	10	return	return	NOUN
fsr-3221	175	11	between	between	ADP
fsr-3221	175	12	the	the	DET
fsr-3221	175	13	supersector	supersector	NOUN
fsr-3221	175	14	portfolio	portfolio	NOUN
fsr-3221	175	15	and	and	CCONJ
fsr-3221	175	16	w1sgi	w1sgi	PROPN
fsr-3221	175	17	has	have	AUX
fsr-3221	175	18	been	be	AUX
fsr-3221	175	19	bolded	bolde	VERB
fsr-3221	175	20	.	.	PUNCT
fsr-3221	176	1	table	table	NOUN
fsr-3221	176	2	5	5	NUM
fsr-3221	176	3	annual	annual	ADJ
fsr-3221	176	4	supersector	supersector	NOUN
fsr-3221	176	5	leader	leader	NOUN
fsr-3221	176	6	portfolio	portfolio	NOUN
fsr-3221	176	7	performance	performance	NOUN
fsr-3221	176	8	vs.	vs.	ADP
fsr-3221	176	9	w1sgi	w1sgi	PROPN
fsr-3221	176	10	(	(	PUNCT
fsr-3221	176	11	2002	2002	NUM
fsr-3221	176	12	to	to	ADP
fsr-3221	176	13	2012	2012	NUM
fsr-3221	176	14	)	)	PUNCT
fsr-3221	176	15	year	year	NOUN
fsr-3221	176	16	treynor	treynor	NOUN
fsr-3221	176	17	(	(	PUNCT
fsr-3221	176	18	leaders	leader	NOUN
fsr-3221	176	19	)	)	PUNCT
fsr-3221	176	20	treynor	treynor	NOUN
fsr-3221	176	21	(	(	PUNCT
fsr-3221	176	22	djsi	djsi	PROPN
fsr-3221	176	23	)	)	PUNCT
fsr-3221	176	24	sharpe	sharpe	PROPN
fsr-3221	176	25	(	(	PUNCT
fsr-3221	176	26	leaders	leaders	PROPN
fsr-3221	176	27	)	)	PUNCT
fsr-3221	176	28	sharpe	sharpe	PROPN
fsr-3221	176	29	(	(	PUNCT
fsr-3221	176	30	djsi	djsi	PROPN
fsr-3221	176	31	)	)	PUNCT
fsr-3221	176	32	2012	2012	NUM
fsr-3221	176	33	1.4763	1.4763	NUM
fsr-3221	176	34	0.1590	0.1590	NUM
fsr-3221	176	35	0.7737	0.7737	NUM
fsr-3221	177	1	0.5613	0.5613	NUM
fsr-3221	177	2	2011	2011	NUM
fsr-3221	177	3	0.1121	0.1121	NUM
fsr-3221	177	4	0.0616	0.0616	NUM
fsr-3221	177	5	0.3410	0.3410	NUM
fsr-3221	177	6	0.2245	0.2245	NUM
fsr-3221	177	7	2010	2010	NUM
fsr-3221	177	8	�	�	PROPN
fsr-3221	177	9	0.0012	0.0012	NUM
fsr-3221	177	10	�	�	PROPN
fsr-3221	177	11	0.0024	0.0024	NUM
fsr-3221	177	12	�	�	PROPN
fsr-3221	177	13	0.0077	0.0077	NUM
fsr-3221	177	14	�	�	PROPN
fsr-3221	177	15	0.0176	0.0176	NUM
fsr-3221	177	16	2009	2009	NUM
fsr-3221	177	17	0.0072	0.0072	NUM
fsr-3221	177	18	�	�	PROPN
fsr-3221	177	19	0.0042	0.0042	NUM
fsr-3221	177	20	0.0430	0.0430	NUM
fsr-3221	177	21	�	�	NOUN
fsr-3221	177	22	0.0265	0.0265	NUM
fsr-3221	177	23	2008	2008	NUM
fsr-3221	177	24	0.0163	0.0163	NUM
fsr-3221	177	25	�	�	PROPN
fsr-3221	177	26	0.0055	0.0055	NUM
fsr-3221	177	27	0.0790	0.0790	NUM
fsr-3221	177	28	�	�	PROPN
fsr-3221	177	29	0.0281	0.0281	NUM
fsr-3221	177	30	2007	2007	NUM
fsr-3221	177	31	�	�	PROPN
fsr-3221	177	32	0.0024	0.0024	NUM
fsr-3221	177	33	�	�	PROPN
fsr-3221	177	34	0.0230	0.0230	NUM
fsr-3221	177	35	�	�	PROPN
fsr-3221	177	36	0.0118	0.0118	NUM
fsr-3221	177	37	�	�	NOUN
fsr-3221	177	38	0.1183	0.1183	NUM
fsr-3221	177	39	2006	2006	NUM
fsr-3221	177	40	0.0055	0.0055	NUM
fsr-3221	177	41	�	�	PROPN
fsr-3221	177	42	0.0144	0.0144	NUM
fsr-3221	177	43	0.0298	0.0298	NUM
fsr-3221	177	44	�	�	NOUN
fsr-3221	177	45	0.0789	0.0789	NUM
fsr-3221	177	46	2005	2005	NUM
fsr-3221	177	47	0.0124	0.0124	NUM
fsr-3221	177	48	�	�	PROPN
fsr-3221	177	49	0.0101	0.0101	NUM
fsr-3221	177	50	0.0701	0.0701	NUM
fsr-3221	177	51	�	�	NOUN
fsr-3221	177	52	0.0587	0.0587	NUM
fsr-3221	177	53	2004	2004	NUM
fsr-3221	177	54	0.0248	0.0248	NUM
fsr-3221	177	55	�	�	PROPN
fsr-3221	177	56	0.0063	0.0063	NUM
fsr-3221	177	57	0.1253	0.1253	NUM
fsr-3221	177	58	�	�	PROPN
fsr-3221	177	59	0.0383	0.0383	NUM
fsr-3221	177	60	2003	2003	NUM
fsr-3221	177	61	0.0177	0.0177	NUM
fsr-3221	177	62	�	�	NOUN
fsr-3221	177	63	0.0036	0.0036	NUM
fsr-3221	177	64	0.0955	0.0955	NUM
fsr-3221	177	65	�	�	NOUN
fsr-3221	177	66	0.0228	0.0228	NUM
fsr-3221	177	67	2002	2002	NUM
fsr-3221	177	68	0.0288	0.0288	NUM
fsr-3221	177	69	0.0006	0.0006	NUM
fsr-3221	177	70	0.1478	0.1478	NUM
fsr-3221	177	71	0.0041	0.0041	NUM
fsr-3221	177	72	table	table	NOUN
fsr-3221	177	73	5	5	NUM
fsr-3221	177	74	demonstrates	demonstrate	VERB
fsr-3221	177	75	the	the	DET
fsr-3221	177	76	annual	annual	ADJ
fsr-3221	177	77	performance	performance	NOUN
fsr-3221	177	78	of	of	ADP
fsr-3221	177	79	each	each	DET
fsr-3221	177	80	supersector	supersector	NOUN
fsr-3221	177	81	leader	leader	NOUN
fsr-3221	177	82	class	class	NOUN
fsr-3221	177	83	portfolio	portfolio	NOUN
fsr-3221	177	84	against	against	ADP
fsr-3221	177	85	the	the	DET
fsr-3221	177	86	dow	dow	PROPN
fsr-3221	177	87	jones	jones	PROPN
fsr-3221	177	88	sustainability	sustainability	PROPN
fsr-3221	177	89	index	index	NOUN
fsr-3221	177	90	(	(	PUNCT
fsr-3221	177	91	w1sgi	w1sgi	NOUN
fsr-3221	177	92	)	)	PUNCT
fsr-3221	177	93	,	,	PUNCT
fsr-3221	177	94	while	while	SCONJ
fsr-3221	177	95	utilizing	utilize	VERB
fsr-3221	177	96	the	the	DET
fsr-3221	177	97	s&p	s&p	PROPN
fsr-3221	177	98	500	500	NUM
fsr-3221	177	99	as	as	ADP
fsr-3221	177	100	the	the	DET
fsr-3221	177	101	baseline	baseline	NOUN
fsr-3221	177	102	market	market	NOUN
fsr-3221	177	103	proxy	proxy	NOUN
fsr-3221	177	104	.	.	PUNCT
fsr-3221	178	1	performance	performance	NOUN
fsr-3221	178	2	measures	measure	NOUN
fsr-3221	178	3	in	in	ADP
fsr-3221	178	4	table	table	NOUN
fsr-3221	178	5	5	5	NUM
fsr-3221	178	6	are	be	AUX
fsr-3221	178	7	treynor	treynor	NOUN
fsr-3221	178	8	’s	’s	PART
fsr-3221	178	9	measure	measure	NOUN
fsr-3221	178	10	and	and	CCONJ
fsr-3221	178	11	sharpe	sharpe	PROPN
fsr-3221	178	12	’s	’s	PART
fsr-3221	178	13	measure	measure	NOUN
fsr-3221	178	14	.	.	PUNCT
fsr-3221	179	1	for	for	ADP
fsr-3221	179	2	the	the	DET
fsr-3221	179	3	benefit	benefit	NOUN
fsr-3221	179	4	of	of	ADP
fsr-3221	179	5	the	the	DET
fsr-3221	179	6	reader	reader	NOUN
fsr-3221	179	7	,	,	PUNCT
fsr-3221	179	8	the	the	DET
fsr-3221	179	9	greater	great	ADJ
fsr-3221	179	10	return	return	NOUN
fsr-3221	179	11	between	between	ADP
fsr-3221	179	12	the	the	DET
fsr-3221	179	13	supersector	supersector	NOUN
fsr-3221	179	14	portfolio	portfolio	NOUN
fsr-3221	179	15	and	and	CCONJ
fsr-3221	179	16	w1sgi	w1sgi	PROPN
fsr-3221	179	17	has	have	AUX
fsr-3221	179	18	been	be	AUX
fsr-3221	179	19	bolded	bolde	VERB
fsr-3221	179	20	.	.	PUNCT
fsr-3221	180	1	210	210	NUM
fsr-3221	180	2	t.m	t.m	PROPN
fsr-3221	180	3	.	.	PROPN
fsr-3221	180	4	shank	shank	PROPN
fsr-3221	180	5	,	,	PUNCT
fsr-3221	180	6	b.	b.	PROPN
fsr-3221	180	7	shockey	shockey	PROPN
fsr-3221	180	8	/	/	SYM
fsr-3221	180	9	financial	financial	ADJ
fsr-3221	180	10	services	service	NOUN
fsr-3221	180	11	review	review	VERB
fsr-3221	180	12	25	25	NUM
fsr-3221	180	13	(	(	PUNCT
fsr-3221	180	14	2016	2016	NUM
fsr-3221	180	15	)	)	PUNCT
fsr-3221	181	1	199–214	199–214	NUM
fsr-3221	181	2	preted	prete	VERB
fsr-3221	181	3	that	that	SCONJ
fsr-3221	181	4	with	with	ADP
fsr-3221	181	5	95	95	NUM
fsr-3221	181	6	%	%	NOUN
fsr-3221	181	7	significance	significance	NOUN
fsr-3221	181	8	the	the	DET
fsr-3221	181	9	cumulative	cumulative	ADJ
fsr-3221	181	10	supersector	supersector	NOUN
fsr-3221	181	11	leader	leader	NOUN
fsr-3221	181	12	portfolio	portfolio	NOUN
fsr-3221	181	13	outperformed	outperform	VERB
fsr-3221	181	14	the	the	DET
fsr-3221	181	15	s&p500	s&p500	NOUN
fsr-3221	181	16	in	in	ADP
fsr-3221	181	17	the	the	DET
fsr-3221	181	18	3	3	NUM
fsr-3221	181	19	-	-	PUNCT
fsr-3221	181	20	year	year	NOUN
fsr-3221	181	21	,	,	PUNCT
fsr-3221	181	22	5	5	NUM
fsr-3221	181	23	-	-	PUNCT
fsr-3221	181	24	year	year	NOUN
fsr-3221	181	25	,	,	PUNCT
fsr-3221	181	26	and	and	CCONJ
fsr-3221	181	27	11	11	NUM
fsr-3221	181	28	-	-	PUNCT
fsr-3221	181	29	year	year	NOUN
fsr-3221	181	30	maximum	maximum	ADJ
fsr-3221	181	31	investment	investment	NOUN
fsr-3221	181	32	periods	period	NOUN
fsr-3221	181	33	,	,	PUNCT
fsr-3221	181	34	and	and	CCONJ
fsr-3221	181	35	underperformed	underperform	VERB
fsr-3221	181	36	the	the	DET
fsr-3221	181	37	s&p-500	s&p-500	NUM
fsr-3221	181	38	in	in	ADP
fsr-3221	181	39	the	the	DET
fsr-3221	181	40	1	1	NUM
fsr-3221	181	41	-	-	PUNCT
fsr-3221	181	42	year	year	NOUN
fsr-3221	181	43	investment	investment	NOUN
fsr-3221	181	44	period	period	NOUN
fsr-3221	181	45	from	from	ADP
fsr-3221	181	46	2002	2002	NUM
fsr-3221	181	47	to	to	ADP
fsr-3221	181	48	2003	2003	NUM
fsr-3221	181	49	.	.	PUNCT
fsr-3221	182	1	second	second	ADJ
fsr-3221	182	2	,	,	PUNCT
fsr-3221	182	3	this	this	DET
fsr-3221	182	4	portfolio	portfolio	NOUN
fsr-3221	182	5	was	be	AUX
fsr-3221	182	6	also	also	ADV
fsr-3221	182	7	tested	test	VERB
fsr-3221	182	8	against	against	ADP
fsr-3221	182	9	the	the	DET
fsr-3221	182	10	s&p500	s&p500	NOUN
fsr-3221	182	11	using	use	VERB
fsr-3221	182	12	treynor	treynor	NOUN
fsr-3221	182	13	’s	’s	PART
fsr-3221	182	14	measure	measure	NOUN
fsr-3221	182	15	and	and	CCONJ
fsr-3221	182	16	sharpe	sharpe	PROPN
fsr-3221	182	17	’s	’s	PART
fsr-3221	182	18	measure	measure	NOUN
fsr-3221	182	19	,	,	PUNCT
fsr-3221	182	20	the	the	DET
fsr-3221	182	21	results	result	NOUN
fsr-3221	182	22	of	of	ADP
fsr-3221	182	23	which	which	PRON
fsr-3221	182	24	are	be	AUX
fsr-3221	182	25	shown	show	VERB
fsr-3221	182	26	in	in	ADP
fsr-3221	182	27	table	table	NOUN
fsr-3221	182	28	7	7	NUM
fsr-3221	182	29	.	.	PUNCT
fsr-3221	183	1	these	these	DET
fsr-3221	183	2	risk	risk	NOUN
fsr-3221	183	3	-	-	PUNCT
fsr-3221	183	4	adjusted	adjust	VERB
fsr-3221	183	5	measures	measure	NOUN
fsr-3221	183	6	for	for	ADP
fsr-3221	183	7	the	the	DET
fsr-3221	183	8	supersector	supersector	NOUN
fsr-3221	183	9	portfolio	portfolio	NOUN
fsr-3221	183	10	can	can	AUX
fsr-3221	183	11	be	be	AUX
fsr-3221	183	12	directly	directly	ADV
fsr-3221	183	13	compared	compare	VERB
fsr-3221	183	14	with	with	ADP
fsr-3221	183	15	the	the	DET
fsr-3221	183	16	s&p500	s&p500	NOUN
fsr-3221	183	17	baseline	baseline	NOUN
fsr-3221	183	18	,	,	PUNCT
fsr-3221	183	19	as	as	SCONJ
fsr-3221	183	20	shown	show	VERB
fsr-3221	183	21	table	table	NOUN
fsr-3221	183	22	6	6	NUM
fsr-3221	183	23	cumulative	cumulative	ADJ
fsr-3221	183	24	supersector	supersector	NOUN
fsr-3221	183	25	leader	leader	NOUN
fsr-3221	183	26	portfolio	portfolio	NOUN
fsr-3221	183	27	performance	performance	NOUN
fsr-3221	183	28	vs.	vs.	ADP
fsr-3221	183	29	market	market	NOUN
fsr-3221	183	30	proxy	proxy	NOUN
fsr-3221	183	31	(	(	PUNCT
fsr-3221	183	32	2002	2002	NUM
fsr-3221	183	33	to	to	ADP
fsr-3221	183	34	2012	2012	NUM
fsr-3221	183	35	)	)	PUNCT
fsr-3221	183	36	investment	investment	NOUN
fsr-3221	183	37	period	period	NOUN
fsr-3221	183	38	m	m	PROPN
fsr-3221	183	39	-	-	PROPN
fsr-3221	183	40	square	square	ADJ
fsr-3221	183	41	(	(	PUNCT
fsr-3221	183	42	leaders	leader	NOUN
fsr-3221	183	43	)	)	PUNCT
fsr-3221	183	44	jensens	jensens	PROPN
fsr-3221	183	45	(	(	PUNCT
fsr-3221	183	46	leaders	leader	NOUN
fsr-3221	183	47	)	)	PUNCT
fsr-3221	183	48	significant	significant	ADJ
fsr-3221	183	49	at	at	ADP
fsr-3221	183	50	95	95	NUM
fsr-3221	183	51	%	%	NOUN
fsr-3221	183	52	?	?	PUNCT
fsr-3221	184	1	p	p	NOUN
fsr-3221	184	2	value	value	NOUN
fsr-3221	184	3	september	september	PROPN
fsr-3221	184	4	2002	2002	NUM
fsr-3221	184	5	to	to	ADP
fsr-3221	184	6	march	march	PROPN
fsr-3221	184	7	2013	2013	NUM
fsr-3221	184	8	(	(	PUNCT
fsr-3221	184	9	total	total	NOUN
fsr-3221	184	10	)	)	PUNCT
fsr-3221	184	11	0.0135	0.0135	NUM
fsr-3221	184	12	0.0156	0.0156	NUM
fsr-3221	185	1	yes	yes	INTJ
fsr-3221	185	2	5.1	5.1	NUM
fsr-3221	185	3	�	�	SYM
fsr-3221	185	4	10	10	NUM
fsr-3221	185	5	�	�	PROPN
fsr-3221	185	6	48	48	NUM
fsr-3221	185	7	september	september	PROPN
fsr-3221	185	8	2002	2002	NUM
fsr-3221	185	9	to	to	ADP
fsr-3221	185	10	september	september	PROPN
fsr-3221	185	11	2003	2003	NUM
fsr-3221	185	12	(	(	PUNCT
fsr-3221	185	13	1	1	NUM
fsr-3221	185	14	-	-	PUNCT
fsr-3221	185	15	year	year	NOUN
fsr-3221	185	16	)	)	PUNCT
fsr-3221	185	17	�	�	PROPN
fsr-3221	185	18	0.0086	0.0086	NUM
fsr-3221	185	19	�	�	NOUN
fsr-3221	185	20	0.0078	0.0078	NUM
fsr-3221	185	21	yes	yes	NOUN
fsr-3221	185	22	8.2	8.2	NUM
fsr-3221	185	23	�	�	PROPN
fsr-3221	185	24	10	10	NUM
fsr-3221	185	25	�	�	PROPN
fsr-3221	185	26	8	8	NUM
fsr-3221	185	27	september	september	PROPN
fsr-3221	185	28	2002	2002	NUM
fsr-3221	185	29	to	to	ADP
fsr-3221	185	30	september	september	PROPN
fsr-3221	185	31	2005	2005	NUM
fsr-3221	185	32	(	(	PUNCT
fsr-3221	185	33	3	3	NUM
fsr-3221	185	34	-	-	PUNCT
fsr-3221	185	35	year	year	NOUN
fsr-3221	185	36	)	)	PUNCT
fsr-3221	186	1	0.0125	0.0125	NUM
fsr-3221	186	2	0.0149	0.0149	NUM
fsr-3221	187	1	yes	yes	NUM
fsr-3221	187	2	2.0	2.0	NUM
fsr-3221	187	3	�	�	PROPN
fsr-3221	187	4	10	10	NUM
fsr-3221	187	5	�	�	PROPN
fsr-3221	187	6	14	14	NUM
fsr-3221	187	7	september	september	PROPN
fsr-3221	187	8	2002	2002	NUM
fsr-3221	187	9	to	to	ADP
fsr-3221	187	10	september	september	PROPN
fsr-3221	187	11	2007	2007	NUM
fsr-3221	187	12	(	(	PUNCT
fsr-3221	187	13	5	5	NUM
fsr-3221	187	14	-	-	PUNCT
fsr-3221	187	15	year	year	NOUN
fsr-3221	187	16	)	)	PUNCT
fsr-3221	188	1	0.0184	0.0184	NUM
fsr-3221	188	2	0.0253	0.0253	NUM
fsr-3221	188	3	yes	yes	NUM
fsr-3221	188	4	1.2	1.2	NUM
fsr-3221	188	5	�	�	PROPN
fsr-3221	188	6	10	10	NUM
fsr-3221	188	7	�	�	PROPN
fsr-3221	188	8	14	14	NUM
fsr-3221	188	9	table	table	NOUN
fsr-3221	188	10	6	6	NUM
fsr-3221	188	11	demonstrates	demonstrate	VERB
fsr-3221	188	12	the	the	DET
fsr-3221	188	13	performance	performance	NOUN
fsr-3221	188	14	of	of	ADP
fsr-3221	188	15	the	the	DET
fsr-3221	188	16	cumulative	cumulative	ADJ
fsr-3221	188	17	supersector	supersector	NOUN
fsr-3221	188	18	leader	leader	NOUN
fsr-3221	188	19	class	class	NOUN
fsr-3221	188	20	portfolio	portfolio	NOUN
fsr-3221	188	21	against	against	ADP
fsr-3221	188	22	the	the	DET
fsr-3221	188	23	baseline	baseline	NOUN
fsr-3221	188	24	market	market	NOUN
fsr-3221	188	25	proxy	proxy	NOUN
fsr-3221	188	26	(	(	PUNCT
fsr-3221	188	27	s&p	s&p	PROPN
fsr-3221	188	28	500	500	NUM
fsr-3221	188	29	)	)	PUNCT
fsr-3221	188	30	using	use	VERB
fsr-3221	188	31	jensen	jensen	PROPN
fsr-3221	188	32	’s	’s	PART
fsr-3221	188	33	alpha	alpha	NOUN
fsr-3221	188	34	and	and	CCONJ
fsr-3221	188	35	m	m	NOUN
fsr-3221	188	36	-	-	NOUN
fsr-3221	188	37	square	square	ADJ
fsr-3221	188	38	as	as	ADP
fsr-3221	188	39	performance	performance	NOUN
fsr-3221	188	40	measures	measure	NOUN
fsr-3221	188	41	.	.	PUNCT
fsr-3221	189	1	the	the	DET
fsr-3221	189	2	investment	investment	NOUN
fsr-3221	189	3	periods	period	VERB
fsr-3221	189	4	for	for	ADP
fsr-3221	189	5	this	this	DET
fsr-3221	189	6	analysis	analysis	NOUN
fsr-3221	189	7	are	be	AUX
fsr-3221	189	8	detailed	detail	VERB
fsr-3221	189	9	in	in	ADP
fsr-3221	189	10	the	the	DET
fsr-3221	189	11	far	far	ADV
fsr-3221	189	12	left	leave	VERB
fsr-3221	189	13	column	column	NOUN
fsr-3221	189	14	.	.	PUNCT
fsr-3221	190	1	statistical	statistical	ADJ
fsr-3221	190	2	significance	significance	NOUN
fsr-3221	190	3	of	of	ADP
fsr-3221	190	4	the	the	DET
fsr-3221	190	5	results	result	NOUN
fsr-3221	190	6	is	be	AUX
fsr-3221	190	7	shown	show	VERB
fsr-3221	190	8	in	in	ADP
fsr-3221	190	9	the	the	DET
fsr-3221	190	10	columns	column	NOUN
fsr-3221	190	11	to	to	ADP
fsr-3221	190	12	the	the	DET
fsr-3221	190	13	far	far	ADV
fsr-3221	190	14	right	right	ADJ
fsr-3221	190	15	column	column	NOUN
fsr-3221	190	16	,	,	PUNCT
fsr-3221	190	17	including	include	VERB
fsr-3221	190	18	p	p	NOUN
fsr-3221	190	19	values	value	NOUN
fsr-3221	190	20	which	which	PRON
fsr-3221	190	21	apply	apply	VERB
fsr-3221	190	22	to	to	ADP
fsr-3221	190	23	jensen	jensen	PROPN
fsr-3221	190	24	’s	’s	PART
fsr-3221	190	25	alpha	alpha	PROPN
fsr-3221	190	26	,	,	PUNCT
fsr-3221	190	27	m	m	NOUN
fsr-3221	190	28	-	-	ADJ
fsr-3221	190	29	square	square	ADJ
fsr-3221	190	30	,	,	PUNCT
fsr-3221	190	31	treynor	treynor	NOUN
fsr-3221	190	32	’s	’s	PART
fsr-3221	190	33	measure	measure	NOUN
fsr-3221	190	34	(	(	PUNCT
fsr-3221	190	35	table	table	NOUN
fsr-3221	190	36	7	7	NUM
fsr-3221	190	37	)	)	PUNCT
fsr-3221	190	38	,	,	PUNCT
fsr-3221	190	39	and	and	CCONJ
fsr-3221	190	40	sharpe	sharpe	PROPN
fsr-3221	190	41	’s	’s	PART
fsr-3221	190	42	measure	measure	NOUN
fsr-3221	190	43	(	(	PUNCT
fsr-3221	190	44	table	table	NOUN
fsr-3221	190	45	7	7	NUM
fsr-3221	190	46	)	)	PUNCT
fsr-3221	190	47	.	.	PUNCT
fsr-3221	191	1	table	table	NOUN
fsr-3221	191	2	7	7	NUM
fsr-3221	191	3	cumulative	cumulative	ADJ
fsr-3221	191	4	supersector	supersector	NOUN
fsr-3221	191	5	leader	leader	NOUN
fsr-3221	191	6	portfolio	portfolio	NOUN
fsr-3221	191	7	performance	performance	NOUN
fsr-3221	191	8	vs.	vs.	ADP
fsr-3221	191	9	market	market	NOUN
fsr-3221	191	10	proxy	proxy	NOUN
fsr-3221	191	11	(	(	PUNCT
fsr-3221	191	12	2002	2002	NUM
fsr-3221	191	13	to	to	ADP
fsr-3221	191	14	2012	2012	NUM
fsr-3221	191	15	)	)	PUNCT
fsr-3221	191	16	investment	investment	NOUN
fsr-3221	191	17	period	period	NOUN
fsr-3221	191	18	treynor	treynor	NOUN
fsr-3221	191	19	(	(	PUNCT
fsr-3221	191	20	leaders	leader	NOUN
fsr-3221	191	21	)	)	PUNCT
fsr-3221	191	22	treynor	treynor	NOUN
fsr-3221	191	23	(	(	PUNCT
fsr-3221	191	24	s&p	s&p	PROPN
fsr-3221	191	25	500	500	NUM
fsr-3221	191	26	)	)	PUNCT
fsr-3221	191	27	sharpe	sharpe	NOUN
fsr-3221	191	28	(	(	PUNCT
fsr-3221	191	29	leaders	leaders	PROPN
fsr-3221	191	30	)	)	PUNCT
fsr-3221	191	31	sharpe	sharpe	PROPN
fsr-3221	191	32	(	(	PUNCT
fsr-3221	191	33	s&p	s&p	PROPN
fsr-3221	191	34	500	500	NUM
fsr-3221	191	35	)	)	PUNCT
fsr-3221	191	36	september	september	PROPN
fsr-3221	191	37	2002	2002	NUM
fsr-3221	191	38	to	to	ADP
fsr-3221	191	39	march	march	PROPN
fsr-3221	191	40	2013	2013	NUM
fsr-3221	191	41	(	(	PUNCT
fsr-3221	191	42	total	total	NOUN
fsr-3221	191	43	)	)	PUNCT
fsr-3221	191	44	0.0160	0.0160	NUM
fsr-3221	192	1	0.0011	0.0011	NUM
fsr-3221	192	2	0.1243	0.1243	NUM
fsr-3221	192	3	0.0073	0.0073	NUM
fsr-3221	192	4	september	september	PROPN
fsr-3221	192	5	2002	2002	NUM
fsr-3221	192	6	to	to	ADP
fsr-3221	192	7	september	september	PROPN
fsr-3221	192	8	2003	2003	NUM
fsr-3221	192	9	(	(	PUNCT
fsr-3221	192	10	1	1	NUM
fsr-3221	192	11	-	-	PUNCT
fsr-3221	192	12	year	year	NOUN
fsr-3221	192	13	)	)	PUNCT
fsr-3221	193	1	0.0336	0.0336	NUM
fsr-3221	193	2	0.0414	0.0414	NUM
fsr-3221	193	3	0.2128	0.2128	NUM
fsr-3221	193	4	0.2686	0.2686	NUM
fsr-3221	193	5	september	september	PROPN
fsr-3221	193	6	2002	2002	NUM
fsr-3221	193	7	to	to	ADP
fsr-3221	193	8	september	september	PROPN
fsr-3221	193	9	2005	2005	NUM
fsr-3221	193	10	(	(	PUNCT
fsr-3221	193	11	3	3	NUM
fsr-3221	193	12	-	-	PUNCT
fsr-3221	193	13	year	year	NOUN
fsr-3221	193	14	)	)	PUNCT
fsr-3221	193	15	0.0368	0.0368	NUM
fsr-3221	194	1	0.0214	0.0214	NUM
fsr-3221	194	2	0.3064	0.3064	NUM
fsr-3221	194	3	0.1936	0.1936	NUM
fsr-3221	194	4	september	september	PROPN
fsr-3221	194	5	2002	2002	NUM
fsr-3221	195	1	to	to	ADP
fsr-3221	195	2	september	september	PROPN
fsr-3221	195	3	2007	2007	NUM
fsr-3221	195	4	(	(	PUNCT
fsr-3221	195	5	5	5	NUM
fsr-3221	195	6	-	-	PUNCT
fsr-3221	195	7	year	year	NOUN
fsr-3221	195	8	)	)	PUNCT
fsr-3221	195	9	0.0445	0.0445	NOUN
fsr-3221	195	10	0.0177	0.0177	NUM
fsr-3221	195	11	0.3730	0.3730	NUM
fsr-3221	195	12	0.1831	0.1831	NUM
fsr-3221	195	13	table	table	NOUN
fsr-3221	195	14	7	7	NUM
fsr-3221	195	15	demonstrates	demonstrate	VERB
fsr-3221	195	16	the	the	DET
fsr-3221	195	17	performance	performance	NOUN
fsr-3221	195	18	of	of	ADP
fsr-3221	195	19	the	the	DET
fsr-3221	195	20	cumulative	cumulative	ADJ
fsr-3221	195	21	supersector	supersector	NOUN
fsr-3221	195	22	leader	leader	NOUN
fsr-3221	195	23	class	class	NOUN
fsr-3221	195	24	portfolio	portfolio	NOUN
fsr-3221	195	25	against	against	ADP
fsr-3221	195	26	the	the	DET
fsr-3221	195	27	baseline	baseline	NOUN
fsr-3221	195	28	market	market	NOUN
fsr-3221	195	29	proxy	proxy	NOUN
fsr-3221	195	30	(	(	PUNCT
fsr-3221	195	31	s&p	s&p	PROPN
fsr-3221	195	32	500	500	NUM
fsr-3221	195	33	)	)	PUNCT
fsr-3221	195	34	using	use	VERB
fsr-3221	195	35	treynor	treynor	NOUN
fsr-3221	195	36	’s	’s	PART
fsr-3221	195	37	measure	measure	NOUN
fsr-3221	195	38	and	and	CCONJ
fsr-3221	195	39	sharpe	sharpe	PROPN
fsr-3221	195	40	’s	’s	PART
fsr-3221	195	41	measure	measure	NOUN
fsr-3221	195	42	the	the	DET
fsr-3221	195	43	gauge	gauge	ADJ
fsr-3221	195	44	performance	performance	NOUN
fsr-3221	195	45	.	.	PUNCT
fsr-3221	196	1	the	the	DET
fsr-3221	196	2	investment	investment	NOUN
fsr-3221	196	3	periods	period	VERB
fsr-3221	196	4	for	for	ADP
fsr-3221	196	5	this	this	DET
fsr-3221	196	6	analysis	analysis	NOUN
fsr-3221	196	7	are	be	AUX
fsr-3221	196	8	detailed	detail	VERB
fsr-3221	196	9	in	in	ADP
fsr-3221	196	10	the	the	DET
fsr-3221	196	11	far	far	ADV
fsr-3221	196	12	left	leave	VERB
fsr-3221	196	13	column	column	NOUN
fsr-3221	196	14	.	.	PUNCT
fsr-3221	197	1	statistical	statistical	ADJ
fsr-3221	197	2	significance	significance	NOUN
fsr-3221	197	3	of	of	ADP
fsr-3221	197	4	the	the	DET
fsr-3221	197	5	results	result	NOUN
fsr-3221	197	6	is	be	AUX
fsr-3221	197	7	shown	show	VERB
fsr-3221	197	8	in	in	ADP
fsr-3221	197	9	the	the	DET
fsr-3221	197	10	far	far	ADV
fsr-3221	197	11	right	right	ADJ
fsr-3221	197	12	column	column	NOUN
fsr-3221	197	13	.	.	PUNCT
fsr-3221	198	1	for	for	ADP
fsr-3221	198	2	the	the	DET
fsr-3221	198	3	benefit	benefit	NOUN
fsr-3221	198	4	of	of	ADP
fsr-3221	198	5	the	the	DET
fsr-3221	198	6	reader	reader	NOUN
fsr-3221	198	7	,	,	PUNCT
fsr-3221	198	8	the	the	DET
fsr-3221	198	9	greater	great	ADJ
fsr-3221	198	10	return	return	NOUN
fsr-3221	198	11	between	between	ADP
fsr-3221	198	12	the	the	DET
fsr-3221	198	13	supersector	supersector	NOUN
fsr-3221	198	14	portfolio	portfolio	NOUN
fsr-3221	198	15	and	and	CCONJ
fsr-3221	198	16	market	market	NOUN
fsr-3221	198	17	proxy	proxy	NOUN
fsr-3221	198	18	has	have	AUX
fsr-3221	198	19	been	be	AUX
fsr-3221	198	20	bolded	bolde	VERB
fsr-3221	198	21	.	.	PUNCT
fsr-3221	199	1	table	table	NOUN
fsr-3221	199	2	8	8	NUM
fsr-3221	199	3	cumulative	cumulative	ADJ
fsr-3221	199	4	supersector	supersector	NOUN
fsr-3221	199	5	leader	leader	NOUN
fsr-3221	199	6	portfolio	portfolio	NOUN
fsr-3221	199	7	performance	performance	NOUN
fsr-3221	199	8	vs.	vs.	ADP
fsr-3221	199	9	w1sgi	w1sgi	PROPN
fsr-3221	199	10	(	(	PUNCT
fsr-3221	199	11	2002	2002	NUM
fsr-3221	199	12	to	to	ADP
fsr-3221	199	13	2012	2012	NUM
fsr-3221	199	14	)	)	PUNCT
fsr-3221	199	15	investment	investment	NOUN
fsr-3221	199	16	period	period	NOUN
fsr-3221	199	17	m	m	PROPN
fsr-3221	199	18	-	-	PROPN
fsr-3221	199	19	square	square	ADJ
fsr-3221	199	20	(	(	PUNCT
fsr-3221	199	21	leaders	leader	NOUN
fsr-3221	199	22	)	)	PUNCT
fsr-3221	199	23	m	m	PROPN
fsr-3221	199	24	-	-	ADJ
fsr-3221	199	25	square	square	ADJ
fsr-3221	199	26	(	(	PUNCT
fsr-3221	199	27	djsi	djsi	PROPN
fsr-3221	199	28	)	)	PUNCT
fsr-3221	199	29	jensens	jensen	NOUN
fsr-3221	199	30	(	(	PUNCT
fsr-3221	199	31	leaders	leader	NOUN
fsr-3221	199	32	)	)	PUNCT
fsr-3221	199	33	jensens	jensen	NOUN
fsr-3221	199	34	(	(	PUNCT
fsr-3221	199	35	djsi	djsi	PROPN
fsr-3221	199	36	)	)	PUNCT
fsr-3221	199	37	leaders	leader	NOUN
fsr-3221	199	38	p	p	NOUN
fsr-3221	199	39	value	value	NOUN
fsr-3221	199	40	djsi	djsi	NOUN
fsr-3221	199	41	p	p	NOUN
fsr-3221	199	42	value	value	NOUN
fsr-3221	199	43	september	september	PROPN
fsr-3221	199	44	2002	2002	NUM
fsr-3221	199	45	to	to	ADP
fsr-3221	199	46	march	march	PROPN
fsr-3221	199	47	2013	2013	NUM
fsr-3221	199	48	(	(	PUNCT
fsr-3221	199	49	total	total	NOUN
fsr-3221	199	50	)	)	PUNCT
fsr-3221	199	51	0.0135	0.0135	NUM
fsr-3221	199	52	�	�	PROPN
fsr-3221	199	53	0.0005	0.0005	NUM
fsr-3221	199	54	0.0156	0.0156	NUM
fsr-3221	199	55	�	�	PROPN
fsr-3221	199	56	0.0005	0.0005	NUM
fsr-3221	199	57	5.1	5.1	NUM
fsr-3221	199	58	�	�	SYM
fsr-3221	199	59	10	10	NUM
fsr-3221	199	60	�	�	PROPN
fsr-3221	199	61	48	48	NUM
fsr-3221	199	62	3.8	3.8	NUM
fsr-3221	199	63	�	�	PROPN
fsr-3221	199	64	10	10	NUM
fsr-3221	199	65	�	�	PROPN
fsr-3221	199	66	62	62	NUM
fsr-3221	199	67	september	september	PROPN
fsr-3221	199	68	2002	2002	NUM
fsr-3221	199	69	to	to	ADP
fsr-3221	199	70	september	september	PROPN
fsr-3221	199	71	2003	2003	NUM
fsr-3221	199	72	(	(	PUNCT
fsr-3221	199	73	1	1	NUM
fsr-3221	199	74	-	-	PUNCT
fsr-3221	199	75	year	year	NOUN
fsr-3221	199	76	)	)	PUNCT
fsr-3221	199	77	�	�	PROPN
fsr-3221	199	78	0.0086	0.0086	NUM
fsr-3221	199	79	0.0018	0.0018	NUM
fsr-3221	199	80	�	�	PROPN
fsr-3221	199	81	0.0078	0.0078	NUM
fsr-3221	199	82	0.0033	0.0033	NUM
fsr-3221	199	83	8.2	8.2	NUM
fsr-3221	199	84	�	�	PROPN
fsr-3221	199	85	10	10	NUM
fsr-3221	199	86	�	�	PROPN
fsr-3221	199	87	8	8	NUM
fsr-3221	199	88	1.6	1.6	NUM
fsr-3221	199	89	�	�	PROPN
fsr-3221	199	90	10	10	NUM
fsr-3221	199	91	�	�	PROPN
fsr-3221	199	92	7	7	NUM
fsr-3221	199	93	september	september	PROPN
fsr-3221	199	94	2002	2002	NUM
fsr-3221	199	95	to	to	ADP
fsr-3221	199	96	september	september	PROPN
fsr-3221	199	97	2005	2005	NUM
fsr-3221	199	98	(	(	PUNCT
fsr-3221	199	99	3	3	NUM
fsr-3221	199	100	-	-	PUNCT
fsr-3221	199	101	year	year	NOUN
fsr-3221	199	102	)	)	PUNCT
fsr-3221	199	103	0.0125	0.0125	NUM
fsr-3221	200	1	0.0064	0.0064	NUM
fsr-3221	200	2	0.0149	0.0149	NUM
fsr-3221	200	3	0.0081	0.0081	NUM
fsr-3221	200	4	2.0	2.0	NUM
fsr-3221	200	5	�	�	PROPN
fsr-3221	200	6	10	10	NUM
fsr-3221	200	7	�	�	PROPN
fsr-3221	200	8	14	14	NUM
fsr-3221	200	9	7.1	7.1	NUM
fsr-3221	200	10	�	�	PROPN
fsr-3221	200	11	10	10	NUM
fsr-3221	200	12	�	�	PROPN
fsr-3221	200	13	20	20	NUM
fsr-3221	200	14	september	september	PROPN
fsr-3221	200	15	2002	2002	NUM
fsr-3221	200	16	to	to	ADP
fsr-3221	200	17	september	september	PROPN
fsr-3221	200	18	2007	2007	NUM
fsr-3221	200	19	(	(	PUNCT
fsr-3221	200	20	5	5	NUM
fsr-3221	200	21	-	-	PUNCT
fsr-3221	200	22	year	year	NOUN
fsr-3221	200	23	)	)	PUNCT
fsr-3221	201	1	0.0184	0.0184	NUM
fsr-3221	201	2	0.0094	0.0094	NUM
fsr-3221	201	3	0.0253	0.0253	NUM
fsr-3221	201	4	0.0117	0.0117	NUM
fsr-3221	201	5	1.2	1.2	NUM
fsr-3221	201	6	�	�	PROPN
fsr-3221	201	7	10	10	NUM
fsr-3221	201	8	�	�	PROPN
fsr-3221	201	9	14	14	NUM
fsr-3221	201	10	2.7	2.7	NUM
fsr-3221	201	11	�	�	PROPN
fsr-3221	201	12	10	10	NUM
fsr-3221	201	13	�	�	NOUN
fsr-3221	201	14	27	27	NUM
fsr-3221	201	15	table	table	NOUN
fsr-3221	201	16	8	8	NUM
fsr-3221	201	17	demonstrates	demonstrate	VERB
fsr-3221	201	18	the	the	DET
fsr-3221	201	19	performance	performance	NOUN
fsr-3221	201	20	of	of	ADP
fsr-3221	201	21	the	the	DET
fsr-3221	201	22	cumulative	cumulative	ADJ
fsr-3221	201	23	supersector	supersector	NOUN
fsr-3221	201	24	leader	leader	NOUN
fsr-3221	201	25	class	class	NOUN
fsr-3221	201	26	portfolio	portfolio	NOUN
fsr-3221	201	27	against	against	ADP
fsr-3221	201	28	the	the	DET
fsr-3221	201	29	dow	dow	PROPN
fsr-3221	201	30	jones	jones	PROPN
fsr-3221	201	31	sustainability	sustainability	PROPN
fsr-3221	201	32	index	index	NOUN
fsr-3221	201	33	(	(	PUNCT
fsr-3221	201	34	w1sgi	w1sgi	NOUN
fsr-3221	201	35	)	)	PUNCT
fsr-3221	201	36	,	,	PUNCT
fsr-3221	201	37	while	while	SCONJ
fsr-3221	201	38	utilizing	utilize	VERB
fsr-3221	201	39	the	the	DET
fsr-3221	201	40	s&p	s&p	PROPN
fsr-3221	201	41	500	500	NUM
fsr-3221	201	42	as	as	ADP
fsr-3221	201	43	the	the	DET
fsr-3221	201	44	baseline	baseline	NOUN
fsr-3221	201	45	market	market	NOUN
fsr-3221	201	46	proxy	proxy	NOUN
fsr-3221	201	47	.	.	PUNCT
fsr-3221	202	1	performance	performance	NOUN
fsr-3221	202	2	measures	measure	NOUN
fsr-3221	202	3	in	in	ADP
fsr-3221	202	4	table	table	NOUN
fsr-3221	202	5	8	8	NUM
fsr-3221	202	6	are	be	AUX
fsr-3221	202	7	jensen	jensen	PROPN
fsr-3221	202	8	’s	’s	PART
fsr-3221	202	9	alpha	alpha	NOUN
fsr-3221	202	10	and	and	CCONJ
fsr-3221	202	11	m	m	NOUN
fsr-3221	202	12	-	-	PROPN
fsr-3221	202	13	square	square	ADJ
fsr-3221	202	14	.	.	PUNCT
fsr-3221	203	1	statistical	statistical	ADJ
fsr-3221	203	2	significance	significance	NOUN
fsr-3221	203	3	of	of	ADP
fsr-3221	203	4	the	the	DET
fsr-3221	203	5	results	result	NOUN
fsr-3221	203	6	is	be	AUX
fsr-3221	203	7	shown	show	VERB
fsr-3221	203	8	in	in	ADP
fsr-3221	203	9	the	the	DET
fsr-3221	203	10	columns	column	NOUN
fsr-3221	203	11	to	to	ADP
fsr-3221	203	12	the	the	DET
fsr-3221	203	13	far	far	ADV
fsr-3221	203	14	right	right	ADJ
fsr-3221	203	15	column	column	NOUN
fsr-3221	203	16	,	,	PUNCT
fsr-3221	203	17	including	include	VERB
fsr-3221	203	18	p	p	NOUN
fsr-3221	203	19	values	value	NOUN
fsr-3221	203	20	that	that	PRON
fsr-3221	203	21	apply	apply	VERB
fsr-3221	203	22	to	to	ADP
fsr-3221	203	23	jensen	jensen	PROPN
fsr-3221	203	24	’s	’s	PART
fsr-3221	203	25	alpha	alpha	PROPN
fsr-3221	203	26	,	,	PUNCT
fsr-3221	203	27	m	m	NOUN
fsr-3221	203	28	-	-	ADJ
fsr-3221	203	29	square	square	ADJ
fsr-3221	203	30	,	,	PUNCT
fsr-3221	203	31	treynor	treynor	NOUN
fsr-3221	203	32	’s	’s	PART
fsr-3221	203	33	measure	measure	NOUN
fsr-3221	203	34	(	(	PUNCT
fsr-3221	203	35	table	table	NOUN
fsr-3221	203	36	9	9	NUM
fsr-3221	203	37	)	)	PUNCT
fsr-3221	203	38	,	,	PUNCT
fsr-3221	203	39	and	and	CCONJ
fsr-3221	203	40	sharpe	sharpe	PROPN
fsr-3221	203	41	’s	’s	PART
fsr-3221	203	42	measure	measure	NOUN
fsr-3221	203	43	(	(	PUNCT
fsr-3221	203	44	table	table	NOUN
fsr-3221	203	45	9	9	NUM
fsr-3221	203	46	)	)	PUNCT
fsr-3221	203	47	.	.	PUNCT
fsr-3221	204	1	for	for	ADP
fsr-3221	204	2	the	the	DET
fsr-3221	204	3	benefit	benefit	NOUN
fsr-3221	204	4	of	of	ADP
fsr-3221	204	5	the	the	DET
fsr-3221	204	6	reader	reader	NOUN
fsr-3221	204	7	,	,	PUNCT
fsr-3221	204	8	the	the	DET
fsr-3221	204	9	greater	great	ADJ
fsr-3221	204	10	return	return	NOUN
fsr-3221	204	11	between	between	ADP
fsr-3221	204	12	the	the	DET
fsr-3221	204	13	supersector	supersector	NOUN
fsr-3221	204	14	portfolio	portfolio	NOUN
fsr-3221	204	15	and	and	CCONJ
fsr-3221	204	16	w1sgi	w1sgi	PROPN
fsr-3221	204	17	has	have	AUX
fsr-3221	204	18	been	be	AUX
fsr-3221	204	19	bolded	bolde	VERB
fsr-3221	204	20	.	.	PUNCT
fsr-3221	205	1	211t.m	211t.m	X
fsr-3221	205	2	.	.	PUNCT
fsr-3221	205	3	shank	shank	PROPN
fsr-3221	205	4	,	,	PUNCT
fsr-3221	205	5	b.	b.	PROPN
fsr-3221	205	6	shockey	shockey	PROPN
fsr-3221	205	7	/	/	SYM
fsr-3221	205	8	financial	financial	ADJ
fsr-3221	205	9	services	service	NOUN
fsr-3221	205	10	review	review	VERB
fsr-3221	205	11	25	25	NUM
fsr-3221	205	12	(	(	PUNCT
fsr-3221	205	13	2016	2016	NUM
fsr-3221	205	14	)	)	PUNCT
fsr-3221	205	15	199–214	199–214	NUM
fsr-3221	205	16	in	in	ADP
fsr-3221	205	17	table	table	NOUN
fsr-3221	205	18	7	7	NUM
fsr-3221	205	19	,	,	PUNCT
fsr-3221	205	20	with	with	ADP
fsr-3221	205	21	the	the	DET
fsr-3221	205	22	higher	high	ADJ
fsr-3221	205	23	return	return	NOUN
fsr-3221	205	24	representing	represent	VERB
fsr-3221	205	25	the	the	DET
fsr-3221	205	26	better	well	ADJ
fsr-3221	205	27	statistical	statistical	ADJ
fsr-3221	205	28	performance	performance	NOUN
fsr-3221	205	29	.	.	PUNCT
fsr-3221	206	1	therefore	therefore	ADV
fsr-3221	206	2	,	,	PUNCT
fsr-3221	206	3	these	these	DET
fsr-3221	206	4	measures	measure	NOUN
fsr-3221	206	5	confirm	confirm	VERB
fsr-3221	206	6	the	the	DET
fsr-3221	206	7	results	result	NOUN
fsr-3221	206	8	of	of	ADP
fsr-3221	206	9	the	the	DET
fsr-3221	206	10	jensen	jensen	PROPN
fsr-3221	206	11	’s	’s	PART
fsr-3221	206	12	alpha	alpha	NOUN
fsr-3221	206	13	and	and	CCONJ
fsr-3221	206	14	m	m	NOUN
fsr-3221	206	15	-	-	ADJ
fsr-3221	206	16	square	square	ADJ
fsr-3221	206	17	measures	measure	NOUN
fsr-3221	206	18	in	in	ADP
fsr-3221	206	19	finding	find	VERB
fsr-3221	206	20	that	that	SCONJ
fsr-3221	206	21	with	with	ADP
fsr-3221	206	22	95	95	NUM
fsr-3221	206	23	%	%	NOUN
fsr-3221	206	24	significance	significance	NOUN
fsr-3221	206	25	the	the	DET
fsr-3221	206	26	cumulative	cumulative	ADJ
fsr-3221	206	27	supersector	supersector	NOUN
fsr-3221	206	28	leader	leader	NOUN
fsr-3221	206	29	portfolio	portfolio	NOUN
fsr-3221	206	30	outperformed	outperform	VERB
fsr-3221	206	31	the	the	DET
fsr-3221	206	32	s&p500	s&p500	NOUN
fsr-3221	206	33	in	in	ADP
fsr-3221	206	34	the	the	DET
fsr-3221	206	35	3	3	NUM
fsr-3221	206	36	-	-	PUNCT
fsr-3221	206	37	year	year	NOUN
fsr-3221	206	38	,	,	PUNCT
fsr-3221	206	39	5	5	NUM
fsr-3221	206	40	-	-	PUNCT
fsr-3221	206	41	year	year	NOUN
fsr-3221	206	42	,	,	PUNCT
fsr-3221	206	43	and	and	CCONJ
fsr-3221	206	44	11	11	NUM
fsr-3221	206	45	-	-	PUNCT
fsr-3221	206	46	year	year	NOUN
fsr-3221	206	47	maximum	maximum	ADJ
fsr-3221	206	48	investment	investment	NOUN
fsr-3221	206	49	periods	period	NOUN
fsr-3221	206	50	,	,	PUNCT
fsr-3221	206	51	and	and	CCONJ
fsr-3221	206	52	underperformed	underperform	VERB
fsr-3221	206	53	the	the	DET
fsr-3221	206	54	s&p-500	s&p-500	NUM
fsr-3221	206	55	in	in	ADP
fsr-3221	206	56	the	the	DET
fsr-3221	206	57	1	1	NUM
fsr-3221	206	58	-	-	PUNCT
fsr-3221	206	59	year	year	NOUN
fsr-3221	206	60	investment	investment	NOUN
fsr-3221	206	61	period	period	NOUN
fsr-3221	206	62	from	from	ADP
fsr-3221	206	63	2002	2002	NUM
fsr-3221	206	64	to	to	ADP
fsr-3221	206	65	2003	2003	NUM
fsr-3221	206	66	.	.	PUNCT
fsr-3221	207	1	finally	finally	ADV
fsr-3221	207	2	,	,	PUNCT
fsr-3221	207	3	tables	table	VERB
fsr-3221	207	4	8	8	NUM
fsr-3221	207	5	and	and	CCONJ
fsr-3221	207	6	9	9	NUM
fsr-3221	207	7	also	also	ADV
fsr-3221	207	8	compared	compare	VERB
fsr-3221	207	9	the	the	DET
fsr-3221	207	10	performance	performance	NOUN
fsr-3221	207	11	of	of	ADP
fsr-3221	207	12	the	the	DET
fsr-3221	207	13	cumulative	cumulative	ADJ
fsr-3221	207	14	supersector	supersector	NOUN
fsr-3221	207	15	leader	leader	NOUN
fsr-3221	207	16	portfolio	portfolio	NOUN
fsr-3221	207	17	to	to	ADP
fsr-3221	207	18	the	the	DET
fsr-3221	207	19	performance	performance	NOUN
fsr-3221	207	20	of	of	ADP
fsr-3221	207	21	the	the	DET
fsr-3221	207	22	w1sgi	w1sgi	NOUN
fsr-3221	207	23	,	,	PUNCT
fsr-3221	207	24	again	again	ADV
fsr-3221	207	25	using	use	VERB
fsr-3221	207	26	the	the	DET
fsr-3221	207	27	s&p500	s&p500	NOUN
fsr-3221	207	28	as	as	ADP
fsr-3221	207	29	the	the	DET
fsr-3221	207	30	baseline	baseline	NOUN
fsr-3221	207	31	market	market	NOUN
fsr-3221	207	32	proxy	proxy	NOUN
fsr-3221	207	33	.	.	PUNCT
fsr-3221	208	1	as	as	SCONJ
fsr-3221	208	2	is	be	AUX
fsr-3221	208	3	demonstrated	demonstrate	VERB
fsr-3221	208	4	in	in	ADP
fsr-3221	208	5	tables	table	NOUN
fsr-3221	208	6	8	8	NUM
fsr-3221	208	7	and	and	CCONJ
fsr-3221	208	8	9	9	NUM
fsr-3221	208	9	,	,	PUNCT
fsr-3221	208	10	it	it	PRON
fsr-3221	208	11	can	can	AUX
fsr-3221	208	12	be	be	AUX
fsr-3221	208	13	concluded	conclude	VERB
fsr-3221	208	14	that	that	SCONJ
fsr-3221	208	15	the	the	DET
fsr-3221	208	16	cumulative	cumulative	ADJ
fsr-3221	208	17	supersector	supersector	NOUN
fsr-3221	208	18	portfolio	portfolio	NOUN
fsr-3221	208	19	outperformed	outperform	VERB
fsr-3221	208	20	the	the	DET
fsr-3221	208	21	dow	dow	PROPN
fsr-3221	208	22	jones	jones	PROPN
fsr-3221	208	23	sustainability	sustainability	PROPN
fsr-3221	208	24	index	index	NOUN
fsr-3221	208	25	in	in	ADP
fsr-3221	208	26	the	the	DET
fsr-3221	208	27	3	3	NUM
fsr-3221	208	28	-	-	PUNCT
fsr-3221	208	29	year	year	NOUN
fsr-3221	208	30	,	,	PUNCT
fsr-3221	208	31	5	5	NUM
fsr-3221	208	32	-	-	PUNCT
fsr-3221	208	33	year	year	NOUN
fsr-3221	208	34	,	,	PUNCT
fsr-3221	208	35	and	and	CCONJ
fsr-3221	208	36	11	11	NUM
fsr-3221	208	37	-	-	PUNCT
fsr-3221	208	38	year	year	NOUN
fsr-3221	208	39	maximum	maximum	ADJ
fsr-3221	208	40	investment	investment	NOUN
fsr-3221	208	41	periods	period	NOUN
fsr-3221	208	42	,	,	PUNCT
fsr-3221	208	43	and	and	CCONJ
fsr-3221	208	44	underperformed	underperform	VERB
fsr-3221	208	45	the	the	DET
fsr-3221	208	46	djsi	djsi	NOUN
fsr-3221	208	47	in	in	ADP
fsr-3221	208	48	the	the	DET
fsr-3221	208	49	1	1	NUM
fsr-3221	208	50	-	-	PUNCT
fsr-3221	208	51	year	year	NOUN
fsr-3221	208	52	investment	investment	NOUN
fsr-3221	208	53	period	period	NOUN
fsr-3221	208	54	from	from	ADP
fsr-3221	208	55	2002	2002	NUM
fsr-3221	208	56	to	to	ADP
fsr-3221	208	57	2003	2003	NUM
fsr-3221	208	58	.	.	PUNCT
fsr-3221	209	1	5	5	X
fsr-3221	209	2	.	.	X
fsr-3221	209	3	interpretation	interpretation	NOUN
fsr-3221	209	4	of	of	ADP
fsr-3221	209	5	results	result	NOUN
fsr-3221	209	6	these	these	DET
fsr-3221	209	7	results	result	NOUN
fsr-3221	209	8	,	,	PUNCT
fsr-3221	209	9	which	which	PRON
fsr-3221	209	10	show	show	VERB
fsr-3221	209	11	statistically	statistically	ADV
fsr-3221	209	12	significant	significant	ADJ
fsr-3221	209	13	superior	superior	ADJ
fsr-3221	209	14	returns	return	NOUN
fsr-3221	209	15	to	to	ADP
fsr-3221	209	16	the	the	DET
fsr-3221	209	17	market	market	NOUN
fsr-3221	209	18	(	(	PUNCT
fsr-3221	209	19	on	on	ADP
fsr-3221	209	20	a	a	DET
fsr-3221	209	21	risk	risk	NOUN
fsr-3221	209	22	adjusted	adjust	VERB
fsr-3221	209	23	basis	basis	NOUN
fsr-3221	209	24	)	)	PUNCT
fsr-3221	209	25	over	over	ADP
fsr-3221	209	26	longer	long	ADJ
fsr-3221	209	27	term	term	NOUN
fsr-3221	209	28	periods	period	NOUN
fsr-3221	209	29	,	,	PUNCT
fsr-3221	209	30	are	be	AUX
fsr-3221	209	31	consistent	consistent	ADJ
fsr-3221	209	32	with	with	ADP
fsr-3221	209	33	the	the	DET
fsr-3221	209	34	supposition	supposition	NOUN
fsr-3221	209	35	that	that	SCONJ
fsr-3221	209	36	stocks	stock	NOUN
fsr-3221	209	37	of	of	ADP
fsr-3221	209	38	sustainable	sustainable	ADJ
fsr-3221	209	39	firms	firm	NOUN
fsr-3221	209	40	would	would	AUX
fsr-3221	209	41	show	show	VERB
fsr-3221	209	42	most	most	ADJ
fsr-3221	209	43	benefits	benefit	NOUN
fsr-3221	209	44	over	over	ADP
fsr-3221	209	45	a	a	DET
fsr-3221	209	46	long	long	ADJ
fsr-3221	209	47	-	-	PUNCT
fsr-3221	209	48	term	term	NOUN
fsr-3221	209	49	time	time	NOUN
fsr-3221	209	50	horizon	horizon	NOUN
fsr-3221	209	51	.	.	PUNCT
fsr-3221	210	1	the	the	DET
fsr-3221	210	2	results	result	NOUN
fsr-3221	210	3	of	of	ADP
fsr-3221	210	4	this	this	DET
fsr-3221	210	5	study	study	NOUN
fsr-3221	210	6	point	point	NOUN
fsr-3221	210	7	to	to	ADP
fsr-3221	210	8	a	a	DET
fsr-3221	210	9	potential	potential	ADJ
fsr-3221	210	10	inefficiency	inefficiency	NOUN
fsr-3221	210	11	as	as	SCONJ
fsr-3221	210	12	the	the	DET
fsr-3221	210	13	market	market	NOUN
fsr-3221	210	14	may	may	AUX
fsr-3221	210	15	not	not	PART
fsr-3221	210	16	fully	fully	ADV
fsr-3221	210	17	understand	understand	VERB
fsr-3221	210	18	how	how	SCONJ
fsr-3221	210	19	to	to	PART
fsr-3221	210	20	incorporate	incorporate	VERB
fsr-3221	210	21	the	the	DET
fsr-3221	210	22	effects	effect	NOUN
fsr-3221	210	23	of	of	ADP
fsr-3221	210	24	sustainability	sustainability	NOUN
fsr-3221	210	25	practices	practice	NOUN
fsr-3221	210	26	into	into	ADP
fsr-3221	210	27	securities	security	NOUN
fsr-3221	210	28	pricing	pricing	NOUN
fsr-3221	210	29	.	.	PUNCT
fsr-3221	211	1	these	these	DET
fsr-3221	211	2	results	result	NOUN
fsr-3221	211	3	also	also	ADV
fsr-3221	211	4	indicate	indicate	VERB
fsr-3221	211	5	that	that	SCONJ
fsr-3221	211	6	an	an	DET
fsr-3221	211	7	investor	investor	NOUN
fsr-3221	211	8	could	could	AUX
fsr-3221	211	9	have	have	AUX
fsr-3221	211	10	achieved	achieve	VERB
fsr-3221	211	11	above	above	ADP
fsr-3221	211	12	-	-	PUNCT
fsr-3221	211	13	average	average	ADJ
fsr-3221	211	14	returns	return	NOUN
fsr-3221	211	15	by	by	ADP
fsr-3221	211	16	investing	invest	VERB
fsr-3221	211	17	in	in	ADP
fsr-3221	211	18	sustainability	sustainability	NOUN
fsr-3221	211	19	leaders	leader	NOUN
fsr-3221	211	20	over	over	ADP
fsr-3221	211	21	the	the	DET
fsr-3221	211	22	last	last	ADJ
fsr-3221	211	23	10	10	NUM
fsr-3221	211	24	years	year	NOUN
fsr-3221	211	25	based	base	VERB
fsr-3221	211	26	on	on	ADP
fsr-3221	211	27	this	this	DET
fsr-3221	211	28	inefficiency	inefficiency	NOUN
fsr-3221	211	29	.	.	PUNCT
fsr-3221	212	1	such	such	ADJ
fsr-3221	212	2	information	information	NOUN
fsr-3221	212	3	could	could	AUX
fsr-3221	212	4	provide	provide	VERB
fsr-3221	212	5	an	an	DET
fsr-3221	212	6	incentive	incentive	NOUN
fsr-3221	212	7	and	and	CCONJ
fsr-3221	212	8	positive	positive	ADJ
fsr-3221	212	9	market	market	NOUN
fsr-3221	212	10	pressure	pressure	NOUN
fsr-3221	212	11	to	to	PART
fsr-3221	212	12	be	be	AUX
fsr-3221	212	13	a	a	DET
fsr-3221	212	14	leader	leader	NOUN
fsr-3221	212	15	in	in	ADP
fsr-3221	212	16	sustainability	sustainability	NOUN
fsr-3221	212	17	,	,	PUNCT
fsr-3221	212	18	which	which	PRON
fsr-3221	212	19	would	would	AUX
fsr-3221	212	20	provide	provide	VERB
fsr-3221	212	21	newfound	newfound	NOUN
fsr-3221	212	22	energy	energy	NOUN
fsr-3221	212	23	and	and	CCONJ
fsr-3221	212	24	headwinds	headwind	NOUN
fsr-3221	212	25	in	in	ADP
fsr-3221	212	26	the	the	DET
fsr-3221	212	27	sustainability	sustainability	NOUN
fsr-3221	212	28	movement	movement	NOUN
fsr-3221	212	29	,	,	PUNCT
fsr-3221	212	30	which	which	PRON
fsr-3221	212	31	has	have	AUX
fsr-3221	212	32	previously	previously	ADV
fsr-3221	212	33	been	be	AUX
fsr-3221	212	34	driven	drive	VERB
fsr-3221	212	35	through	through	ADP
fsr-3221	212	36	disincentives	disincentive	NOUN
fsr-3221	212	37	and	and	CCONJ
fsr-3221	212	38	regulation	regulation	NOUN
fsr-3221	212	39	.	.	PUNCT
fsr-3221	213	1	such	such	ADJ
fsr-3221	213	2	positive	positive	ADJ
fsr-3221	213	3	market	market	NOUN
fsr-3221	213	4	pressure	pressure	NOUN
fsr-3221	213	5	is	be	AUX
fsr-3221	213	6	also	also	ADV
fsr-3221	213	7	a	a	DET
fsr-3221	213	8	more	more	ADV
fsr-3221	213	9	economically	economically	ADV
fsr-3221	213	10	efficient	efficient	ADJ
fsr-3221	213	11	means	mean	NOUN
fsr-3221	213	12	of	of	ADP
fsr-3221	213	13	effecting	effect	VERB
fsr-3221	213	14	change	change	NOUN
fsr-3221	213	15	in	in	ADP
fsr-3221	213	16	the	the	DET
fsr-3221	213	17	market	market	NOUN
fsr-3221	213	18	and	and	CCONJ
fsr-3221	213	19	in	in	ADP
fsr-3221	213	20	the	the	DET
fsr-3221	213	21	allocation	allocation	NOUN
fsr-3221	213	22	of	of	ADP
fsr-3221	213	23	supply	supply	NOUN
fsr-3221	213	24	and	and	CCONJ
fsr-3221	213	25	demand	demand	NOUN
fsr-3221	213	26	.	.	PUNCT
fsr-3221	214	1	for	for	ADP
fsr-3221	214	2	investors	investor	NOUN
fsr-3221	214	3	with	with	ADP
fsr-3221	214	4	an	an	DET
fsr-3221	214	5	inclination	inclination	NOUN
fsr-3221	214	6	to	to	PART
fsr-3221	214	7	invest	invest	VERB
fsr-3221	214	8	in	in	ADP
fsr-3221	214	9	or	or	CCONJ
fsr-3221	214	10	reward	reward	VERB
fsr-3221	214	11	sustainable	sustainable	ADJ
fsr-3221	214	12	businesses	business	NOUN
fsr-3221	214	13	,	,	PUNCT
fsr-3221	214	14	this	this	DET
fsr-3221	214	15	study	study	NOUN
fsr-3221	214	16	provides	provide	VERB
fsr-3221	214	17	a	a	DET
fsr-3221	214	18	comparison	comparison	NOUN
fsr-3221	214	19	of	of	ADP
fsr-3221	214	20	active	active	ADJ
fsr-3221	214	21	versus	versus	ADP
fsr-3221	214	22	passive	passive	ADJ
fsr-3221	214	23	strategies	strategy	NOUN
fsr-3221	214	24	as	as	ADV
fsr-3221	214	25	well	well	ADV
fsr-3221	214	26	as	as	ADP
fsr-3221	214	27	a	a	DET
fsr-3221	214	28	potential	potential	ADJ
fsr-3221	214	29	blueprint	blueprint	NOUN
fsr-3221	214	30	for	for	ADP
fsr-3221	214	31	achieving	achieve	VERB
fsr-3221	214	32	competitive	competitive	ADJ
fsr-3221	214	33	or	or	CCONJ
fsr-3221	214	34	even	even	ADV
fsr-3221	214	35	above	above	ADJ
fsr-3221	214	36	-	-	PUNCT
fsr-3221	214	37	average	average	ADJ
fsr-3221	214	38	returns	return	NOUN
fsr-3221	214	39	.	.	PUNCT
fsr-3221	215	1	the	the	DET
fsr-3221	215	2	data	datum	NOUN
fsr-3221	215	3	in	in	ADP
fsr-3221	215	4	this	this	DET
fsr-3221	215	5	study	study	NOUN
fsr-3221	215	6	demonstrate	demonstrate	VERB
fsr-3221	215	7	that	that	SCONJ
fsr-3221	215	8	investments	investment	NOUN
fsr-3221	215	9	in	in	ADP
fsr-3221	215	10	sustainability	sustainability	NOUN
fsr-3221	215	11	leaders	leader	NOUN
fsr-3221	215	12	over	over	ADP
fsr-3221	215	13	the	the	DET
fsr-3221	215	14	last	last	ADJ
fsr-3221	215	15	10	10	NUM
fsr-3221	215	16	years	year	NOUN
fsr-3221	215	17	has	have	AUX
fsr-3221	215	18	been	be	AUX
fsr-3221	215	19	profitable	profitable	ADJ
fsr-3221	215	20	compared	compare	VERB
fsr-3221	215	21	with	with	ADP
fsr-3221	215	22	the	the	DET
fsr-3221	215	23	broad	broad	ADJ
fsr-3221	215	24	market	market	NOUN
fsr-3221	215	25	,	,	PUNCT
fsr-3221	215	26	but	but	CCONJ
fsr-3221	215	27	has	have	AUX
fsr-3221	215	28	vastly	vastly	ADV
fsr-3221	215	29	outperformed	outperform	VERB
fsr-3221	215	30	sustainability	sustainability	NOUN
fsr-3221	215	31	indexes	index	NOUN
fsr-3221	215	32	over	over	ADP
fsr-3221	215	33	the	the	DET
fsr-3221	215	34	same	same	ADJ
fsr-3221	215	35	time	time	NOUN
fsr-3221	215	36	period	period	NOUN
fsr-3221	215	37	,	,	PUNCT
fsr-3221	215	38	which	which	PRON
fsr-3221	215	39	utilize	utilize	VERB
fsr-3221	215	40	a	a	DET
fsr-3221	215	41	lesser	less	ADJ
fsr-3221	215	42	degree	degree	NOUN
fsr-3221	215	43	of	of	ADP
fsr-3221	215	44	selectivity	selectivity	NOUN
fsr-3221	215	45	than	than	ADP
fsr-3221	215	46	the	the	DET
fsr-3221	215	47	sample	sample	NOUN
fsr-3221	215	48	portfolios	portfolio	NOUN
fsr-3221	215	49	of	of	ADP
fsr-3221	215	50	supersector	supersector	NOUN
fsr-3221	215	51	leaders	leader	NOUN
fsr-3221	215	52	.	.	PUNCT
fsr-3221	216	1	table	table	NOUN
fsr-3221	216	2	9	9	NUM
fsr-3221	216	3	cumulative	cumulative	ADJ
fsr-3221	216	4	supersector	supersector	NOUN
fsr-3221	216	5	leader	leader	NOUN
fsr-3221	216	6	portfolio	portfolio	NOUN
fsr-3221	216	7	performance	performance	NOUN
fsr-3221	216	8	vs.	vs.	ADP
fsr-3221	216	9	w1sgi	w1sgi	PROPN
fsr-3221	216	10	(	(	PUNCT
fsr-3221	216	11	2002	2002	NUM
fsr-3221	216	12	to	to	ADP
fsr-3221	216	13	2012	2012	NUM
fsr-3221	216	14	)	)	PUNCT
fsr-3221	216	15	investment	investment	NOUN
fsr-3221	216	16	period	period	NOUN
fsr-3221	216	17	treynor	treynor	NOUN
fsr-3221	216	18	(	(	PUNCT
fsr-3221	216	19	leaders	leader	NOUN
fsr-3221	216	20	)	)	PUNCT
fsr-3221	216	21	treynor	treynor	NOUN
fsr-3221	216	22	(	(	PUNCT
fsr-3221	216	23	djsi	djsi	PROPN
fsr-3221	216	24	)	)	PUNCT
fsr-3221	216	25	sharpe	sharpe	PROPN
fsr-3221	216	26	(	(	PUNCT
fsr-3221	216	27	leaders	leaders	PROPN
fsr-3221	216	28	)	)	PUNCT
fsr-3221	216	29	sharpe	sharpe	PROPN
fsr-3221	216	30	(	(	PUNCT
fsr-3221	216	31	djsi	djsi	PROPN
fsr-3221	216	32	)	)	PUNCT
fsr-3221	216	33	september	september	PROPN
fsr-3221	216	34	2002	2002	NUM
fsr-3221	216	35	to	to	ADP
fsr-3221	216	36	march	march	PROPN
fsr-3221	216	37	2013	2013	NUM
fsr-3221	216	38	(	(	PUNCT
fsr-3221	216	39	total	total	NOUN
fsr-3221	216	40	)	)	PUNCT
fsr-3221	216	41	0.0160	0.0160	NUM
fsr-3221	217	1	0.0006	0.0006	NUM
fsr-3221	217	2	0.1243	0.1243	NUM
fsr-3221	217	3	0.0073	0.0073	NUM
fsr-3221	217	4	september	september	PROPN
fsr-3221	217	5	2002	2002	NUM
fsr-3221	217	6	to	to	ADP
fsr-3221	217	7	september	september	PROPN
fsr-3221	217	8	2003	2003	NUM
fsr-3221	217	9	(	(	PUNCT
fsr-3221	217	10	1	1	NUM
fsr-3221	217	11	-	-	PUNCT
fsr-3221	217	12	year	year	NOUN
fsr-3221	217	13	)	)	PUNCT
fsr-3221	217	14	0.0336	0.0336	NUM
fsr-3221	217	15	0.0445	0.0445	NUM
fsr-3221	217	16	0.2128	0.2128	NUM
fsr-3221	217	17	0.2806	0.2806	NUM
fsr-3221	217	18	september	september	PROPN
fsr-3221	217	19	2002	2002	NUM
fsr-3221	218	1	to	to	ADP
fsr-3221	218	2	september	september	PROPN
fsr-3221	218	3	2005	2005	NUM
fsr-3221	218	4	(	(	PUNCT
fsr-3221	218	5	3	3	NUM
fsr-3221	218	6	-	-	PUNCT
fsr-3221	218	7	year	year	NOUN
fsr-3221	218	8	)	)	PUNCT
fsr-3221	218	9	0.0368	0.0368	NUM
fsr-3221	219	1	0.0290	0.0290	NUM
fsr-3221	219	2	0.3064	0.3064	NUM
fsr-3221	219	3	0.2513	0.2513	NUM
fsr-3221	219	4	september	september	PROPN
fsr-3221	219	5	2002	2002	NUM
fsr-3221	219	6	to	to	ADP
fsr-3221	219	7	september	september	PROPN
fsr-3221	219	8	2007	2007	NUM
fsr-3221	219	9	(	(	PUNCT
fsr-3221	219	10	5	5	NUM
fsr-3221	219	11	-	-	PUNCT
fsr-3221	219	12	year	year	NOUN
fsr-3221	219	13	)	)	PUNCT
fsr-3221	219	14	0.0445	0.0445	NOUN
fsr-3221	219	15	0.0177	0.0177	NUM
fsr-3221	219	16	0.3730	0.3730	NUM
fsr-3221	219	17	0.2798	0.2798	NUM
fsr-3221	219	18	table	table	NOUN
fsr-3221	219	19	9	9	NUM
fsr-3221	219	20	demonstrates	demonstrate	VERB
fsr-3221	219	21	the	the	DET
fsr-3221	219	22	performance	performance	NOUN
fsr-3221	219	23	of	of	ADP
fsr-3221	219	24	the	the	DET
fsr-3221	219	25	cumulative	cumulative	ADJ
fsr-3221	219	26	supersector	supersector	NOUN
fsr-3221	219	27	leader	leader	NOUN
fsr-3221	219	28	class	class	NOUN
fsr-3221	219	29	portfolio	portfolio	NOUN
fsr-3221	219	30	against	against	ADP
fsr-3221	219	31	the	the	DET
fsr-3221	219	32	dow	dow	PROPN
fsr-3221	219	33	jones	jones	PROPN
fsr-3221	219	34	sustainability	sustainability	PROPN
fsr-3221	219	35	index	index	NOUN
fsr-3221	219	36	(	(	PUNCT
fsr-3221	219	37	w1sgi	w1sgi	NOUN
fsr-3221	219	38	)	)	PUNCT
fsr-3221	219	39	,	,	PUNCT
fsr-3221	219	40	while	while	SCONJ
fsr-3221	219	41	utilizing	utilize	VERB
fsr-3221	219	42	the	the	DET
fsr-3221	219	43	s&p	s&p	PROPN
fsr-3221	219	44	500	500	NUM
fsr-3221	219	45	as	as	ADP
fsr-3221	219	46	the	the	DET
fsr-3221	219	47	baseline	baseline	NOUN
fsr-3221	219	48	market	market	NOUN
fsr-3221	219	49	proxy	proxy	NOUN
fsr-3221	219	50	.	.	PUNCT
fsr-3221	220	1	performance	performance	NOUN
fsr-3221	220	2	measures	measure	NOUN
fsr-3221	220	3	in	in	ADP
fsr-3221	220	4	table	table	NOUN
fsr-3221	220	5	9	9	NUM
fsr-3221	220	6	are	be	AUX
fsr-3221	220	7	treynor	treynor	NOUN
fsr-3221	220	8	’s	’s	PART
fsr-3221	220	9	measure	measure	NOUN
fsr-3221	220	10	and	and	CCONJ
fsr-3221	220	11	sharpe	sharpe	PROPN
fsr-3221	220	12	’s	’s	PART
fsr-3221	220	13	measure	measure	NOUN
fsr-3221	220	14	.	.	PUNCT
fsr-3221	221	1	for	for	ADP
fsr-3221	221	2	the	the	DET
fsr-3221	221	3	benefit	benefit	NOUN
fsr-3221	221	4	of	of	ADP
fsr-3221	221	5	the	the	DET
fsr-3221	221	6	reader	reader	NOUN
fsr-3221	221	7	,	,	PUNCT
fsr-3221	221	8	the	the	DET
fsr-3221	221	9	greater	great	ADJ
fsr-3221	221	10	return	return	NOUN
fsr-3221	221	11	between	between	ADP
fsr-3221	221	12	the	the	DET
fsr-3221	221	13	supersector	supersector	NOUN
fsr-3221	221	14	portfolio	portfolio	NOUN
fsr-3221	221	15	and	and	CCONJ
fsr-3221	221	16	w1sgi	w1sgi	PROPN
fsr-3221	221	17	has	have	AUX
fsr-3221	221	18	been	be	AUX
fsr-3221	221	19	bolded	bolde	VERB
fsr-3221	221	20	.	.	PUNCT
fsr-3221	222	1	212	212	NUM
fsr-3221	222	2	t.m	t.m	PROPN
fsr-3221	222	3	.	.	PROPN
fsr-3221	222	4	shank	shank	PROPN
fsr-3221	222	5	,	,	PUNCT
fsr-3221	222	6	b.	b.	PROPN
fsr-3221	222	7	shockey	shockey	PROPN
fsr-3221	222	8	/	/	SYM
fsr-3221	222	9	financial	financial	ADJ
fsr-3221	222	10	services	service	NOUN
fsr-3221	222	11	review	review	VERB
fsr-3221	222	12	25	25	NUM
fsr-3221	222	13	(	(	PUNCT
fsr-3221	222	14	2016	2016	NUM
fsr-3221	222	15	)	)	PUNCT
fsr-3221	223	1	199–214	199–214	NUM
fsr-3221	223	2	6	6	NUM
fsr-3221	223	3	.	.	PUNCT
fsr-3221	223	4	summary	summary	NOUN
fsr-3221	223	5	and	and	CCONJ
fsr-3221	223	6	conclusions	conclusion	NOUN
fsr-3221	223	7	our	our	PRON
fsr-3221	223	8	results	result	NOUN
fsr-3221	223	9	shed	shed	VERB
fsr-3221	223	10	additional	additional	ADJ
fsr-3221	223	11	light	light	NOUN
fsr-3221	223	12	on	on	ADP
fsr-3221	223	13	the	the	DET
fsr-3221	223	14	ongoing	ongoing	ADJ
fsr-3221	223	15	debate	debate	NOUN
fsr-3221	223	16	over	over	ADP
fsr-3221	223	17	whether	whether	SCONJ
fsr-3221	223	18	an	an	DET
fsr-3221	223	19	investor	investor	NOUN
fsr-3221	223	20	can	can	AUX
fsr-3221	223	21	“	"	PUNCT
fsr-3221	223	22	do	do	AUX
fsr-3221	223	23	well	well	ADV
fsr-3221	223	24	by	by	ADP
fsr-3221	223	25	doing	do	VERB
fsr-3221	223	26	good	good	NOUN
fsr-3221	223	27	.	.	PUNCT
fsr-3221	223	28	”	"	PUNCT
fsr-3221	224	1	moreover	moreover	ADV
fsr-3221	224	2	,	,	PUNCT
fsr-3221	224	3	the	the	DET
fsr-3221	224	4	results	result	NOUN
fsr-3221	224	5	provide	provide	VERB
fsr-3221	224	6	information	information	NOUN
fsr-3221	224	7	regarding	regard	VERB
fsr-3221	224	8	not	not	PART
fsr-3221	224	9	only	only	ADV
fsr-3221	224	10	“	"	PUNCT
fsr-3221	224	11	if	if	SCONJ
fsr-3221	224	12	”	"	PUNCT
fsr-3221	224	13	sustainable	sustainable	ADJ
fsr-3221	224	14	investing	investing	NOUN
fsr-3221	224	15	is	be	AUX
fsr-3221	224	16	rewarded	reward	VERB
fsr-3221	224	17	,	,	PUNCT
fsr-3221	224	18	but	but	CCONJ
fsr-3221	224	19	also	also	ADV
fsr-3221	224	20	“	"	PUNCT
fsr-3221	224	21	how	how	SCONJ
fsr-3221	224	22	”	"	PUNCT
fsr-3221	224	23	this	this	DET
fsr-3221	224	24	financial	financial	ADJ
fsr-3221	224	25	payoff	payoff	NOUN
fsr-3221	224	26	would	would	AUX
fsr-3221	224	27	have	have	AUX
fsr-3221	224	28	been	be	AUX
fsr-3221	224	29	earned	earn	VERB
fsr-3221	224	30	in	in	ADP
fsr-3221	224	31	the	the	DET
fsr-3221	224	32	past	past	ADJ
fsr-3221	224	33	decade	decade	NOUN
fsr-3221	224	34	when	when	SCONJ
fsr-3221	224	35	selecting	select	VERB
fsr-3221	224	36	sustainable	sustainable	ADJ
fsr-3221	224	37	firms	firm	NOUN
fsr-3221	224	38	stocks	stock	NOUN
fsr-3221	224	39	.	.	PUNCT
fsr-3221	225	1	we	we	PRON
fsr-3221	225	2	find	find	VERB
fsr-3221	225	3	that	that	SCONJ
fsr-3221	225	4	an	an	DET
fsr-3221	225	5	investor	investor	NOUN
fsr-3221	225	6	can	can	AUX
fsr-3221	225	7	achieve	achieve	VERB
fsr-3221	225	8	superior	superior	ADJ
fsr-3221	225	9	financial	financial	ADJ
fsr-3221	225	10	returns	return	NOUN
fsr-3221	225	11	by	by	ADP
fsr-3221	225	12	actively	actively	ADV
fsr-3221	225	13	selecting	select	VERB
fsr-3221	225	14	sustainable	sustainable	ADJ
fsr-3221	225	15	firm	firm	ADJ
fsr-3221	225	16	stocks	stock	NOUN
fsr-3221	225	17	,	,	PUNCT
fsr-3221	225	18	and	and	CCONJ
fsr-3221	225	19	that	that	SCONJ
fsr-3221	225	20	the	the	DET
fsr-3221	225	21	method	method	NOUN
fsr-3221	225	22	of	of	ADP
fsr-3221	225	23	firm	firm	ADJ
fsr-3221	225	24	selection	selection	NOUN
fsr-3221	225	25	does	do	AUX
fsr-3221	225	26	have	have	VERB
fsr-3221	225	27	impact	impact	NOUN
fsr-3221	225	28	,	,	PUNCT
fsr-3221	225	29	judging	judge	VERB
fsr-3221	225	30	by	by	ADP
fsr-3221	225	31	the	the	DET
fsr-3221	225	32	performance	performance	NOUN
fsr-3221	225	33	of	of	ADP
fsr-3221	225	34	sustainable	sustainable	ADJ
fsr-3221	225	35	firm	firm	ADJ
fsr-3221	225	36	equity	equity	NOUN
fsr-3221	225	37	investments	investment	NOUN
fsr-3221	225	38	over	over	ADP
fsr-3221	225	39	the	the	DET
fsr-3221	225	40	2002–2012	2002–2012	NUM
fsr-3221	225	41	period	period	NOUN
fsr-3221	225	42	.	.	PUNCT
fsr-3221	226	1	by	by	ADP
fsr-3221	226	2	measuring	measure	VERB
fsr-3221	226	3	financial	financial	ADJ
fsr-3221	226	4	performance	performance	NOUN
fsr-3221	226	5	based	base	VERB
fsr-3221	226	6	on	on	ADP
fsr-3221	226	7	the	the	DET
fsr-3221	226	8	risk	risk	NOUN
fsr-3221	226	9	-	-	PUNCT
fsr-3221	226	10	adjusted	adjust	VERB
fsr-3221	226	11	stock	stock	NOUN
fsr-3221	226	12	returns	return	NOUN
fsr-3221	226	13	of	of	ADP
fsr-3221	226	14	two	two	NUM
fsr-3221	226	15	distinct	distinct	ADJ
fsr-3221	226	16	groups	group	NOUN
fsr-3221	226	17	of	of	ADP
fsr-3221	226	18	sustainable	sustainable	ADJ
fsr-3221	226	19	firms	firm	NOUN
fsr-3221	226	20	,	,	PUNCT
fsr-3221	226	21	our	our	PRON
fsr-3221	226	22	analysis	analysis	NOUN
fsr-3221	226	23	reveals	reveal	VERB
fsr-3221	226	24	that	that	SCONJ
fsr-3221	226	25	djsis	djsis	NOUN
fsr-3221	226	26	supersector	supersector	NOUN
fsr-3221	226	27	leaders	leader	NOUN
fsr-3221	226	28	outperformed	outperform	VERB
fsr-3221	226	29	the	the	DET
fsr-3221	226	30	overall	overall	ADJ
fsr-3221	226	31	market	market	NOUN
fsr-3221	226	32	on	on	ADP
fsr-3221	226	33	this	this	DET
fsr-3221	226	34	basis	basis	NOUN
fsr-3221	226	35	.	.	PUNCT
fsr-3221	227	1	alternatively	alternatively	ADV
fsr-3221	227	2	,	,	PUNCT
fsr-3221	227	3	the	the	DET
fsr-3221	227	4	w1sgi	w1sgi	PUNCT
fsr-3221	227	5	underperformed	underperform	VERB
fsr-3221	227	6	the	the	DET
fsr-3221	227	7	broader	broad	ADJ
fsr-3221	227	8	market	market	NOUN
fsr-3221	227	9	over	over	ADP
fsr-3221	227	10	the	the	DET
fsr-3221	227	11	period	period	NOUN
fsr-3221	227	12	studied	study	VERB
fsr-3221	227	13	.	.	PUNCT
fsr-3221	228	1	the	the	DET
fsr-3221	228	2	nuances	nuance	NOUN
fsr-3221	228	3	of	of	ADP
fsr-3221	228	4	the	the	DET
fsr-3221	228	5	approach	approach	NOUN
fsr-3221	228	6	taken	take	VERB
fsr-3221	228	7	may	may	AUX
fsr-3221	228	8	explain	explain	VERB
fsr-3221	228	9	why	why	SCONJ
fsr-3221	228	10	these	these	DET
fsr-3221	228	11	results	result	NOUN
fsr-3221	228	12	yield	yield	VERB
fsr-3221	228	13	new	new	ADJ
fsr-3221	228	14	insights	insight	NOUN
fsr-3221	228	15	into	into	ADP
fsr-3221	228	16	how	how	SCONJ
fsr-3221	228	17	investors	investor	NOUN
fsr-3221	228	18	might	might	AUX
fsr-3221	228	19	increase	increase	VERB
fsr-3221	228	20	the	the	DET
fsr-3221	228	21	likelihood	likelihood	NOUN
fsr-3221	228	22	that	that	SCONJ
fsr-3221	228	23	a	a	DET
fsr-3221	228	24	sustainable	sustainable	ADJ
fsr-3221	228	25	investing	investing	NOUN
fsr-3221	228	26	strategy	strategy	NOUN
fsr-3221	228	27	would	would	AUX
fsr-3221	228	28	reap	reap	VERB
fsr-3221	228	29	financial	financial	ADJ
fsr-3221	228	30	rewards	reward	NOUN
fsr-3221	228	31	.	.	PUNCT
fsr-3221	229	1	first	first	ADV
fsr-3221	229	2	,	,	PUNCT
fsr-3221	229	3	we	we	PRON
fsr-3221	229	4	measure	measure	VERB
fsr-3221	229	5	financial	financial	ADJ
fsr-3221	229	6	payoff	payoff	NOUN
fsr-3221	229	7	using	use	VERB
fsr-3221	229	8	four	four	NUM
fsr-3221	229	9	,	,	PUNCT
fsr-3221	229	10	comprehensive	comprehensive	ADJ
fsr-3221	229	11	return	return	NOUN
fsr-3221	229	12	metrics	metric	NOUN
fsr-3221	229	13	that	that	PRON
fsr-3221	229	14	all	all	PRON
fsr-3221	229	15	measure	measure	VERB
fsr-3221	229	16	a	a	DET
fsr-3221	229	17	portfolio	portfolio	NOUN
fsr-3221	229	18	’s	’s	PART
fsr-3221	229	19	success	success	NOUN
fsr-3221	229	20	by	by	ADP
fsr-3221	229	21	simultaneously	simultaneously	ADV
fsr-3221	229	22	considering	consider	VERB
fsr-3221	229	23	stock	stock	NOUN
fsr-3221	229	24	returns	return	NOUN
fsr-3221	229	25	and	and	CCONJ
fsr-3221	229	26	the	the	DET
fsr-3221	229	27	level	level	NOUN
fsr-3221	229	28	of	of	ADP
fsr-3221	229	29	risk	risk	NOUN
fsr-3221	229	30	taken	take	VERB
fsr-3221	229	31	to	to	PART
fsr-3221	229	32	earn	earn	VERB
fsr-3221	229	33	those	those	DET
fsr-3221	229	34	returns	return	NOUN
fsr-3221	229	35	.	.	PUNCT
fsr-3221	230	1	prior	prior	ADJ
fsr-3221	230	2	work	work	NOUN
fsr-3221	230	3	has	have	AUX
fsr-3221	230	4	hypothesized	hypothesize	VERB
fsr-3221	230	5	that	that	SCONJ
fsr-3221	230	6	firms	firm	NOUN
fsr-3221	230	7	embracing	embrace	VERB
fsr-3221	230	8	sustainable	sustainable	ADJ
fsr-3221	230	9	business	business	NOUN
fsr-3221	230	10	practices	practice	NOUN
fsr-3221	230	11	are	be	AUX
fsr-3221	230	12	comparatively	comparatively	ADV
fsr-3221	230	13	more	more	ADV
fsr-3221	230	14	successful	successful	ADJ
fsr-3221	230	15	financially	financially	ADV
fsr-3221	230	16	,	,	PUNCT
fsr-3221	230	17	either	either	CCONJ
fsr-3221	230	18	because	because	SCONJ
fsr-3221	230	19	they	they	PRON
fsr-3221	230	20	earned	earn	VERB
fsr-3221	230	21	higher	high	ADJ
fsr-3221	230	22	returns	return	NOUN
fsr-3221	230	23	,	,	PUNCT
fsr-3221	230	24	or	or	CCONJ
fsr-3221	230	25	were	be	AUX
fsr-3221	230	26	seen	see	VERB
fsr-3221	230	27	by	by	ADP
fsr-3221	230	28	markets	market	NOUN
fsr-3221	230	29	as	as	ADP
fsr-3221	230	30	having	have	VERB
fsr-3221	230	31	lower	low	ADJ
fsr-3221	230	32	risk	risk	NOUN
fsr-3221	230	33	.	.	PUNCT
fsr-3221	231	1	therefore	therefore	ADV
fsr-3221	231	2	,	,	PUNCT
fsr-3221	231	3	by	by	ADP
fsr-3221	231	4	including	include	VERB
fsr-3221	231	5	all	all	PRON
fsr-3221	231	6	of	of	ADP
fsr-3221	231	7	these	these	DET
fsr-3221	231	8	measures	measure	NOUN
fsr-3221	231	9	,	,	PUNCT
fsr-3221	231	10	we	we	PRON
fsr-3221	231	11	were	be	AUX
fsr-3221	231	12	able	able	ADJ
fsr-3221	231	13	to	to	PART
fsr-3221	231	14	check	check	VERB
fsr-3221	231	15	the	the	DET
fsr-3221	231	16	results	result	NOUN
fsr-3221	231	17	for	for	ADP
fsr-3221	231	18	consistency	consistency	NOUN
fsr-3221	231	19	since	since	SCONJ
fsr-3221	231	20	each	each	DET
fsr-3221	231	21	metric	metric	NOUN
fsr-3221	231	22	considers	consider	VERB
fsr-3221	231	23	a	a	DET
fsr-3221	231	24	different	different	ADJ
fsr-3221	231	25	aspect	aspect	NOUN
fsr-3221	231	26	of	of	ADP
fsr-3221	231	27	overall	overall	ADJ
fsr-3221	231	28	corporate	corporate	ADJ
fsr-3221	231	29	risk	risk	NOUN
fsr-3221	231	30	.	.	PUNCT
fsr-3221	232	1	all	all	DET
fsr-3221	232	2	four	four	NUM
fsr-3221	232	3	yielded	yield	VERB
fsr-3221	232	4	consistent	consistent	ADJ
fsr-3221	232	5	results	result	NOUN
fsr-3221	232	6	:	:	PUNCT
fsr-3221	232	7	a	a	DET
fsr-3221	232	8	portfolio	portfolio	NOUN
fsr-3221	232	9	comprised	comprise	VERB
fsr-3221	232	10	of	of	ADP
fsr-3221	232	11	companies	company	NOUN
fsr-3221	232	12	identified	identify	VERB
fsr-3221	232	13	as	as	ADP
fsr-3221	232	14	sustainability	sustainability	NOUN
fsr-3221	232	15	leaders	leader	NOUN
fsr-3221	232	16	would	would	AUX
fsr-3221	232	17	have	have	AUX
fsr-3221	232	18	earned	earn	VERB
fsr-3221	232	19	an	an	DET
fsr-3221	232	20	investor	investor	NOUN
fsr-3221	232	21	superior	superior	ADJ
fsr-3221	232	22	returns	return	NOUN
fsr-3221	232	23	during	during	ADP
fsr-3221	232	24	the	the	DET
fsr-3221	232	25	period	period	NOUN
fsr-3221	232	26	studied	study	VERB
fsr-3221	232	27	.	.	PUNCT
fsr-3221	233	1	a	a	DET
fsr-3221	233	2	second	second	ADJ
fsr-3221	233	3	nuance	nuance	NOUN
fsr-3221	233	4	of	of	ADP
fsr-3221	233	5	our	our	PRON
fsr-3221	233	6	approach	approach	NOUN
fsr-3221	233	7	was	be	AUX
fsr-3221	233	8	the	the	DET
fsr-3221	233	9	separation	separation	NOUN
fsr-3221	233	10	of	of	ADP
fsr-3221	233	11	the	the	DET
fsr-3221	233	12	10	10	NUM
fsr-3221	233	13	-	-	PUNCT
fsr-3221	233	14	year	year	NOUN
fsr-3221	233	15	performance	performance	NOUN
fsr-3221	233	16	of	of	ADP
fsr-3221	233	17	the	the	DET
fsr-3221	233	18	sustainability	sustainability	NOUN
fsr-3221	233	19	portfolios	portfolio	NOUN
fsr-3221	233	20	into	into	ADP
fsr-3221	233	21	subperiods	subperiod	NOUN
fsr-3221	233	22	/	/	SYM
fsr-3221	233	23	time	time	NOUN
fsr-3221	233	24	“	"	PUNCT
fsr-3221	233	25	buckets	bucket	NOUN
fsr-3221	233	26	”	"	PUNCT
fsr-3221	233	27	to	to	PART
fsr-3221	233	28	help	help	VERB
fsr-3221	233	29	determine	determine	VERB
fsr-3221	233	30	any	any	DET
fsr-3221	233	31	relevance	relevance	NOUN
fsr-3221	233	32	of	of	ADP
fsr-3221	233	33	shorterversus	shorterversus	NOUN
fsr-3221	233	34	longer	long	ADJ
fsr-3221	233	35	-	-	PUNCT
fsr-3221	233	36	term	term	NOUN
fsr-3221	233	37	investment	investment	NOUN
fsr-3221	233	38	horizons	horizon	NOUN
fsr-3221	233	39	for	for	ADP
fsr-3221	233	40	sustainable	sustainable	ADJ
fsr-3221	233	41	investors	investor	NOUN
fsr-3221	233	42	.	.	PUNCT
fsr-3221	234	1	these	these	DET
fsr-3221	234	2	results	result	NOUN
fsr-3221	234	3	,	,	PUNCT
fsr-3221	234	4	which	which	PRON
fsr-3221	234	5	show	show	VERB
fsr-3221	234	6	statistically	statistically	ADV
fsr-3221	234	7	significant	significant	ADJ
fsr-3221	234	8	superior	superior	ADJ
fsr-3221	234	9	returns	return	NOUN
fsr-3221	234	10	to	to	ADP
fsr-3221	234	11	the	the	DET
fsr-3221	234	12	market	market	NOUN
fsr-3221	234	13	(	(	PUNCT
fsr-3221	234	14	on	on	ADP
fsr-3221	234	15	a	a	DET
fsr-3221	234	16	risk	risk	NOUN
fsr-3221	234	17	adjusted	adjust	VERB
fsr-3221	234	18	basis	basis	NOUN
fsr-3221	234	19	)	)	PUNCT
fsr-3221	234	20	over	over	ADP
fsr-3221	234	21	longer	long	ADJ
fsr-3221	234	22	term	term	NOUN
fsr-3221	234	23	periods	period	NOUN
fsr-3221	234	24	,	,	PUNCT
fsr-3221	234	25	are	be	AUX
fsr-3221	234	26	consistent	consistent	ADJ
fsr-3221	234	27	with	with	ADP
fsr-3221	234	28	the	the	DET
fsr-3221	234	29	supposition	supposition	NOUN
fsr-3221	234	30	that	that	SCONJ
fsr-3221	234	31	stocks	stock	NOUN
fsr-3221	234	32	of	of	ADP
fsr-3221	234	33	sustainable	sustainable	ADJ
fsr-3221	234	34	firms	firm	NOUN
fsr-3221	234	35	would	would	AUX
fsr-3221	234	36	show	show	VERB
fsr-3221	234	37	most	most	ADJ
fsr-3221	234	38	benefits	benefit	NOUN
fsr-3221	234	39	over	over	ADP
fsr-3221	234	40	a	a	DET
fsr-3221	234	41	long	long	ADJ
fsr-3221	234	42	-	-	PUNCT
fsr-3221	234	43	term	term	NOUN
fsr-3221	234	44	time	time	NOUN
fsr-3221	234	45	horizon	horizon	NOUN
fsr-3221	234	46	,	,	PUNCT
fsr-3221	234	47	and	and	CCONJ
fsr-3221	234	48	may	may	AUX
fsr-3221	234	49	not	not	PART
fsr-3221	234	50	earn	earn	VERB
fsr-3221	234	51	abnormally	abnormally	ADV
fsr-3221	234	52	high	high	ADJ
fsr-3221	234	53	returns	return	NOUN
fsr-3221	234	54	for	for	ADP
fsr-3221	234	55	short	short	ADJ
fsr-3221	234	56	-	-	PUNCT
fsr-3221	234	57	term	term	NOUN
fsr-3221	234	58	focused	focused	ADJ
fsr-3221	234	59	investors	investor	NOUN
fsr-3221	234	60	.	.	PUNCT
fsr-3221	235	1	in	in	ADP
fsr-3221	235	2	other	other	ADJ
fsr-3221	235	3	words	word	NOUN
fsr-3221	235	4	,	,	PUNCT
fsr-3221	235	5	embracing	embrace	VERB
fsr-3221	235	6	sustainable	sustainable	ADJ
fsr-3221	235	7	business	business	NOUN
fsr-3221	235	8	practices	practice	NOUN
fsr-3221	235	9	is	be	AUX
fsr-3221	235	10	a	a	DET
fsr-3221	235	11	long	long	ADJ
fsr-3221	235	12	-	-	PUNCT
fsr-3221	235	13	term	term	NOUN
fsr-3221	235	14	,	,	PUNCT
fsr-3221	235	15	value	value	NOUN
fsr-3221	235	16	-	-	PUNCT
fsr-3221	235	17	maximizing	maximize	VERB
fsr-3221	235	18	strategy	strategy	NOUN
fsr-3221	235	19	.	.	PUNCT
fsr-3221	236	1	notes	note	NOUN
fsr-3221	236	2	1	1	NUM
fsr-3221	236	3	see	see	VERB
fsr-3221	236	4	bodie	bodie	PROPN
fsr-3221	236	5	,	,	PUNCT
fsr-3221	236	6	kane	kane	PROPN
fsr-3221	236	7	,	,	PUNCT
fsr-3221	236	8	and	and	CCONJ
fsr-3221	236	9	marcus	marcus	PROPN
fsr-3221	236	10	(	(	PUNCT
fsr-3221	236	11	2014	2014	NUM
fsr-3221	236	12	)	)	PUNCT
fsr-3221	236	13	,	,	PUNCT
fsr-3221	236	14	pp	pp	ADP
fsr-3221	236	15	.	.	PUNCT
fsr-3221	237	1	837–847	837–847	NUM
fsr-3221	237	2	.	.	PUNCT
fsr-3221	238	1	references	reference	NOUN
fsr-3221	238	2	ameer	ameer	PROPN
fsr-3221	238	3	,	,	PUNCT
fsr-3221	238	4	r.	r.	PROPN
fsr-3221	238	5	,	,	PUNCT
fsr-3221	238	6	&	&	CCONJ
fsr-3221	238	7	othman	othman	PROPN
fsr-3221	238	8	,	,	PUNCT
fsr-3221	238	9	r.	r.	PROPN
fsr-3221	238	10	(	(	PUNCT
fsr-3221	238	11	2012	2012	NUM
fsr-3221	238	12	)	)	PUNCT
fsr-3221	238	13	.	.	PUNCT
fsr-3221	239	1	sustainability	sustainability	NOUN
fsr-3221	239	2	practices	practice	NOUN
fsr-3221	239	3	and	and	CCONJ
fsr-3221	239	4	corporate	corporate	ADJ
fsr-3221	239	5	financial	financial	ADJ
fsr-3221	239	6	performance	performance	NOUN
fsr-3221	239	7	:	:	PUNCT
fsr-3221	239	8	a	a	DET
fsr-3221	239	9	study	study	NOUN
fsr-3221	239	10	based	base	VERB
fsr-3221	239	11	on	on	ADP
fsr-3221	239	12	the	the	DET
fsr-3221	239	13	top	top	ADJ
fsr-3221	239	14	global	global	ADJ
fsr-3221	239	15	corporations	corporation	NOUN
fsr-3221	239	16	.	.	PUNCT
fsr-3221	240	1	journal	journal	PROPN
fsr-3221	240	2	of	of	ADP
fsr-3221	240	3	business	business	NOUN
fsr-3221	240	4	ethics	ethic	NOUN
fsr-3221	240	5	,	,	PUNCT
fsr-3221	240	6	108	108	NUM
fsr-3221	240	7	,	,	PUNCT
fsr-3221	240	8	61–79	61–79	ADV
fsr-3221	240	9	.	.	PUNCT
fsr-3221	241	1	baird	baird	PROPN
fsr-3221	241	2	,	,	PUNCT
fsr-3221	241	3	p.	p.	NOUN
fsr-3221	241	4	,	,	PUNCT
fsr-3221	241	5	geylani	geylani	ADJ
fsr-3221	241	6	,	,	PUNCT
fsr-3221	241	7	p.	p.	NOUN
fsr-3221	241	8	,	,	PUNCT
fsr-3221	241	9	&	&	CCONJ
fsr-3221	241	10	roberts	roberts	PROPN
fsr-3221	241	11	,	,	PUNCT
fsr-3221	241	12	j.	j.	PROPN
fsr-3221	241	13	(	(	PUNCT
fsr-3221	241	14	2012	2012	NUM
fsr-3221	241	15	)	)	PUNCT
fsr-3221	241	16	.	.	PUNCT
fsr-3221	242	1	corporate	corporate	ADJ
fsr-3221	242	2	social	social	ADJ
fsr-3221	242	3	and	and	CCONJ
fsr-3221	242	4	financial	financial	ADJ
fsr-3221	242	5	performance	performance	NOUN
fsr-3221	242	6	re	re	VERB
fsr-3221	242	7	-	-	VERB
fsr-3221	242	8	examined	examined	ADJ
fsr-3221	242	9	:	:	PUNCT
fsr-3221	242	10	industry	industry	NOUN
fsr-3221	242	11	effects	effect	NOUN
fsr-3221	242	12	in	in	ADP
fsr-3221	242	13	a	a	DET
fsr-3221	242	14	linear	linear	ADJ
fsr-3221	242	15	mixed	mixed	ADJ
fsr-3221	242	16	model	model	NOUN
fsr-3221	242	17	analysis	analysis	NOUN
fsr-3221	242	18	.	.	PUNCT
fsr-3221	243	1	journal	journal	PROPN
fsr-3221	243	2	of	of	ADP
fsr-3221	243	3	business	business	NOUN
fsr-3221	243	4	ethics	ethic	NOUN
fsr-3221	243	5	,	,	PUNCT
fsr-3221	243	6	109	109	NUM
fsr-3221	243	7	,	,	PUNCT
fsr-3221	243	8	367–388	367–388	NUM
fsr-3221	243	9	.	.	PUNCT
fsr-3221	244	1	213t.m	213t.m	X
fsr-3221	244	2	.	.	PUNCT
fsr-3221	244	3	shank	shank	PROPN
fsr-3221	244	4	,	,	PUNCT
fsr-3221	244	5	b.	b.	PROPN
fsr-3221	244	6	shockey	shockey	PROPN
fsr-3221	244	7	/	/	SYM
fsr-3221	244	8	financial	financial	ADJ
fsr-3221	244	9	services	service	NOUN
fsr-3221	244	10	review	review	VERB
fsr-3221	244	11	25	25	NUM
fsr-3221	244	12	(	(	PUNCT
fsr-3221	244	13	2016	2016	NUM
fsr-3221	244	14	)	)	PUNCT
fsr-3221	244	15	199–214	199–214	NUM
fsr-3221	244	16	barnett	barnett	PROPN
fsr-3221	244	17	,	,	PUNCT
fsr-3221	244	18	m.	m.	NOUN
fsr-3221	244	19	(	(	PUNCT
fsr-3221	244	20	2007	2007	NUM
fsr-3221	244	21	)	)	PUNCT
fsr-3221	244	22	.	.	PUNCT
fsr-3221	245	1	stakeholder	stakeholder	NOUN
fsr-3221	245	2	influence	influence	NOUN
fsr-3221	245	3	capacity	capacity	NOUN
fsr-3221	245	4	and	and	CCONJ
fsr-3221	245	5	the	the	DET
fsr-3221	245	6	variability	variability	NOUN
fsr-3221	245	7	of	of	ADP
fsr-3221	245	8	financial	financial	ADJ
fsr-3221	245	9	returns	return	NOUN
fsr-3221	245	10	to	to	ADP
fsr-3221	245	11	corporate	corporate	ADJ
fsr-3221	245	12	social	social	ADJ
fsr-3221	245	13	responsibility	responsibility	NOUN
fsr-3221	245	14	.	.	PUNCT
fsr-3221	246	1	academy	academy	PROPN
fsr-3221	246	2	of	of	ADP
fsr-3221	246	3	management	management	PROPN
fsr-3221	246	4	review	review	NOUN
fsr-3221	246	5	,	,	PUNCT
fsr-3221	246	6	32	32	NUM
fsr-3221	246	7	,	,	PUNCT
fsr-3221	246	8	794–816	794–816	NUM
fsr-3221	246	9	.	.	PUNCT
fsr-3221	247	1	barnett	barnett	PROPN
fsr-3221	247	2	,	,	PUNCT
fsr-3221	247	3	m.	m.	NOUN
fsr-3221	247	4	,	,	PUNCT
fsr-3221	247	5	&	&	CCONJ
fsr-3221	247	6	salomon	salomon	PROPN
fsr-3221	247	7	,	,	PUNCT
fsr-3221	247	8	r.	r.	PROPN
fsr-3221	247	9	(	(	PUNCT
fsr-3221	247	10	2013	2013	NUM
fsr-3221	247	11	)	)	PUNCT
fsr-3221	247	12	.	.	PUNCT
fsr-3221	248	1	does	do	AUX
fsr-3221	248	2	it	it	PRON
fsr-3221	248	3	pay	pay	VERB
fsr-3221	248	4	to	to	PART
fsr-3221	248	5	be	be	AUX
fsr-3221	248	6	really	really	ADV
fsr-3221	248	7	good	good	ADJ
fsr-3221	248	8	?	?	PUNCT
fsr-3221	249	1	addressing	address	VERB
fsr-3221	249	2	the	the	DET
fsr-3221	249	3	shape	shape	NOUN
fsr-3221	249	4	of	of	ADP
fsr-3221	249	5	the	the	DET
fsr-3221	249	6	relationship	relationship	NOUN
fsr-3221	249	7	between	between	ADP
fsr-3221	249	8	social	social	ADJ
fsr-3221	249	9	and	and	CCONJ
fsr-3221	249	10	environmental	environmental	ADJ
fsr-3221	249	11	performance	performance	NOUN
fsr-3221	249	12	.	.	PUNCT
fsr-3221	250	1	strategic	strategic	ADJ
fsr-3221	250	2	management	management	NOUN
fsr-3221	250	3	journal	journal	NOUN
fsr-3221	250	4	,	,	PUNCT
fsr-3221	250	5	33	33	NUM
fsr-3221	250	6	,	,	PUNCT
fsr-3221	250	7	1304–1320	1304–1320	NUM
fsr-3221	250	8	.	.	PUNCT
fsr-3221	251	1	berry	berry	NOUN
fsr-3221	251	2	,	,	PUNCT
fsr-3221	251	3	t.	t.	PROPN
fsr-3221	251	4	,	,	PUNCT
fsr-3221	251	5	&	&	CCONJ
fsr-3221	251	6	junkus	junkus	PROPN
fsr-3221	251	7	,	,	PUNCT
fsr-3221	251	8	j.	j.	PROPN
fsr-3221	251	9	(	(	PUNCT
fsr-3221	251	10	2013	2013	NUM
fsr-3221	251	11	)	)	PUNCT
fsr-3221	251	12	.	.	PUNCT
fsr-3221	252	1	socially	socially	ADV
fsr-3221	252	2	responsible	responsible	ADJ
fsr-3221	252	3	investing	investing	NOUN
fsr-3221	252	4	:	:	PUNCT
fsr-3221	252	5	an	an	DET
fsr-3221	252	6	investor	investor	NOUN
fsr-3221	252	7	perspective	perspective	NOUN
fsr-3221	252	8	.	.	PUNCT
fsr-3221	253	1	journal	journal	PROPN
fsr-3221	253	2	of	of	ADP
fsr-3221	253	3	business	business	NOUN
fsr-3221	253	4	ethics	ethic	NOUN
fsr-3221	253	5	,	,	PUNCT
fsr-3221	253	6	112	112	NUM
fsr-3221	253	7	,	,	PUNCT
fsr-3221	253	8	707–720	707–720	PROPN
fsr-3221	253	9	.	.	PUNCT
fsr-3221	254	1	bodie	bodie	PROPN
fsr-3221	254	2	,	,	PUNCT
fsr-3221	254	3	z.	z.	PROPN
fsr-3221	254	4	,	,	PUNCT
fsr-3221	254	5	kane	kane	PROPN
fsr-3221	254	6	,	,	PUNCT
fsr-3221	254	7	a.	a.	PROPN
fsr-3221	254	8	,	,	PUNCT
fsr-3221	254	9	&	&	CCONJ
fsr-3221	254	10	marcus	marcus	PROPN
fsr-3221	254	11	,	,	PUNCT
fsr-3221	254	12	a.	a.	PROPN
fsr-3221	254	13	(	(	PUNCT
fsr-3221	254	14	2014	2014	NUM
fsr-3221	254	15	)	)	PUNCT
fsr-3221	254	16	.	.	PUNCT
fsr-3221	255	1	investments	investment	NOUN
fsr-3221	255	2	(	(	PUNCT
fsr-3221	255	3	10th	10th	ADJ
fsr-3221	255	4	ed	ed	NOUN
fsr-3221	255	5	.	.	PUNCT
fsr-3221	255	6	)	)	PUNCT
fsr-3221	256	1	new	new	PROPN
fsr-3221	256	2	york	york	PROPN
fsr-3221	256	3	,	,	PUNCT
fsr-3221	256	4	ny	ny	PROPN
fsr-3221	256	5	:	:	PUNCT
fsr-3221	256	6	mcgraw	mcgraw	PROPN
fsr-3221	256	7	-	-	PUNCT
fsr-3221	256	8	hill	hill	NOUN
fsr-3221	256	9	education	education	NOUN
fsr-3221	256	10	.	.	PUNCT
fsr-3221	257	1	cloninger	cloninger	PROPN
fsr-3221	257	2	,	,	PUNCT
fsr-3221	257	3	d.	d.	PROPN
fsr-3221	257	4	,	,	PUNCT
fsr-3221	257	5	aggarwal	aggarwal	PROPN
fsr-3221	257	6	,	,	PUNCT
fsr-3221	257	7	r.	r.	PROPN
fsr-3221	257	8	,	,	PUNCT
fsr-3221	257	9	karpoff	karpoff	PROPN
fsr-3221	257	10	,	,	PUNCT
fsr-3221	257	11	j.	j.	PROPN
fsr-3221	257	12	,	,	PUNCT
fsr-3221	257	13	lacey	lacey	PROPN
fsr-3221	257	14	,	,	PUNCT
fsr-3221	257	15	n.	n.	NOUN
fsr-3221	257	16	,	,	PUNCT
fsr-3221	257	17	&	&	CCONJ
fsr-3221	257	18	smith	smith	PROPN
fsr-3221	257	19	,	,	PUNCT
fsr-3221	257	20	c.	c.	PROPN
fsr-3221	257	21	(	(	PUNCT
fsr-3221	257	22	2000	2000	NUM
fsr-3221	257	23	)	)	PUNCT
fsr-3221	257	24	.	.	PUNCT
fsr-3221	258	1	doing	do	VERB
fsr-3221	258	2	well	well	ADV
fsr-3221	258	3	by	by	ADP
fsr-3221	258	4	doing	do	VERB
fsr-3221	258	5	good	good	NOUN
fsr-3221	258	6	:	:	PUNCT
fsr-3221	258	7	do	do	VERB
fsr-3221	258	8	financial	financial	ADJ
fsr-3221	258	9	markets	market	NOUN
fsr-3221	258	10	‘	'	PUNCT
fsr-3221	258	11	price	price	NOUN
fsr-3221	258	12	’	'	PUNCT
fsr-3221	258	13	ethical	ethical	ADJ
fsr-3221	258	14	behavior	behavior	NOUN
fsr-3221	258	15	?	?	PUNCT
fsr-3221	259	1	financial	financial	ADJ
fsr-3221	259	2	practice	practice	NOUN
fsr-3221	259	3	and	and	CCONJ
fsr-3221	259	4	education	education	NOUN
fsr-3221	259	5	,	,	PUNCT
fsr-3221	259	6	fall	fall	NOUN
fsr-3221	259	7	/	/	SYM
fsr-3221	259	8	winter	winter	NOUN
fsr-3221	259	9	,	,	PUNCT
fsr-3221	259	10	24–33	24–33	NUM
fsr-3221	259	11	.	.	PUNCT
fsr-3221	260	1	consolandi	consolandi	PROPN
fsr-3221	260	2	,	,	PUNCT
fsr-3221	260	3	c.	c.	PROPN
fsr-3221	260	4	,	,	PUNCT
fsr-3221	260	5	jaiswal	jaiswal	PROPN
fsr-3221	260	6	-	-	PUNCT
fsr-3221	260	7	dale	dale	PROPN
fsr-3221	260	8	,	,	PUNCT
fsr-3221	260	9	a.	a.	NOUN
fsr-3221	260	10	,	,	PUNCT
fsr-3221	260	11	poggiani	poggiani	PROPN
fsr-3221	260	12	,	,	PUNCT
fsr-3221	260	13	e.	e.	PROPN
fsr-3221	260	14	,	,	PUNCT
fsr-3221	260	15	&	&	CCONJ
fsr-3221	260	16	vercelli	vercelli	PROPN
fsr-3221	260	17	,	,	PUNCT
fsr-3221	260	18	a.	a.	NOUN
fsr-3221	260	19	(	(	PUNCT
fsr-3221	260	20	2009	2009	NUM
fsr-3221	260	21	)	)	PUNCT
fsr-3221	260	22	.	.	PUNCT
fsr-3221	261	1	global	global	ADJ
fsr-3221	261	2	standards	standard	NOUN
fsr-3221	261	3	and	and	CCONJ
fsr-3221	261	4	ethical	ethical	ADJ
fsr-3221	261	5	stock	stock	NOUN
fsr-3221	261	6	indexes	index	NOUN
fsr-3221	261	7	:	:	PUNCT
fsr-3221	261	8	the	the	DET
fsr-3221	261	9	case	case	NOUN
fsr-3221	261	10	of	of	ADP
fsr-3221	261	11	the	the	DET
fsr-3221	261	12	dow	dow	PROPN
fsr-3221	261	13	jones	jones	PROPN
fsr-3221	261	14	sustainability	sustainability	PROPN
fsr-3221	261	15	index	index	PROPN
fsr-3221	261	16	.	.	PUNCT
fsr-3221	262	1	journal	journal	PROPN
fsr-3221	262	2	of	of	ADP
fsr-3221	262	3	business	business	NOUN
fsr-3221	262	4	ethics	ethic	NOUN
fsr-3221	262	5	,	,	PUNCT
fsr-3221	262	6	87	87	NUM
fsr-3221	262	7	,	,	PUNCT
fsr-3221	262	8	185–197	185–197	NUM
fsr-3221	262	9	.	.	PUNCT
fsr-3221	262	10	doh	doh	PROPN
fsr-3221	262	11	,	,	PUNCT
fsr-3221	262	12	j.	j.	PROPN
fsr-3221	262	13	(	(	PUNCT
fsr-3221	262	14	2010	2010	NUM
fsr-3221	262	15	)	)	PUNCT
fsr-3221	262	16	.	.	PUNCT
fsr-3221	263	1	does	do	AUX
fsr-3221	263	2	the	the	DET
fsr-3221	263	3	market	market	NOUN
fsr-3221	263	4	respond	respond	VERB
fsr-3221	263	5	to	to	ADP
fsr-3221	263	6	an	an	DET
fsr-3221	263	7	endorsement	endorsement	NOUN
fsr-3221	263	8	of	of	ADP
fsr-3221	263	9	social	social	ADJ
fsr-3221	263	10	responsibility	responsibility	NOUN
fsr-3221	263	11	?	?	PUNCT
fsr-3221	264	1	the	the	DET
fsr-3221	264	2	role	role	NOUN
fsr-3221	264	3	of	of	ADP
fsr-3221	264	4	institution	institution	NOUN
fsr-3221	264	5	,	,	PUNCT
fsr-3221	264	6	information	information	NOUN
fsr-3221	264	7	,	,	PUNCT
fsr-3221	264	8	and	and	CCONJ
fsr-3221	264	9	legitimacy	legitimacy	NOUN
fsr-3221	264	10	?	?	PUNCT
fsr-3221	265	1	journal	journal	NOUN
fsr-3221	265	2	of	of	ADP
fsr-3221	265	3	management	management	NOUN
fsr-3221	265	4	,	,	PUNCT
fsr-3221	265	5	36	36	NUM
fsr-3221	265	6	,	,	PUNCT
fsr-3221	265	7	1461–1485	1461–1485	NUM
fsr-3221	265	8	.	.	PUNCT
fsr-3221	266	1	flammer	flammer	PROPN
fsr-3221	266	2	,	,	PUNCT
fsr-3221	266	3	c.	c.	PROPN
fsr-3221	266	4	(	(	PUNCT
fsr-3221	266	5	2013	2013	NUM
fsr-3221	266	6	)	)	PUNCT
fsr-3221	266	7	.	.	PUNCT
fsr-3221	267	1	corporate	corporate	ADJ
fsr-3221	267	2	social	social	ADJ
fsr-3221	267	3	responsibility	responsibility	NOUN
fsr-3221	267	4	and	and	CCONJ
fsr-3221	267	5	shareholder	shareholder	NOUN
fsr-3221	267	6	reaction	reaction	NOUN
fsr-3221	267	7	:	:	PUNCT
fsr-3221	267	8	the	the	DET
fsr-3221	267	9	environmental	environmental	ADJ
fsr-3221	267	10	awareness	awareness	NOUN
fsr-3221	267	11	of	of	ADP
fsr-3221	267	12	investors	investor	NOUN
fsr-3221	267	13	.	.	PUNCT
fsr-3221	268	1	academy	academy	PROPN
fsr-3221	268	2	of	of	ADP
fsr-3221	268	3	management	management	PROPN
fsr-3221	268	4	journal	journal	NOUN
fsr-3221	268	5	,	,	PUNCT
fsr-3221	268	6	56	56	NUM
fsr-3221	268	7	,	,	PUNCT
fsr-3221	268	8	758–781	758–781	NUM
fsr-3221	268	9	.	.	PUNCT
fsr-3221	268	10	ghoula	ghoula	NOUN
fsr-3221	268	11	,	,	PUNCT
fsr-3221	268	12	s.	s.	PROPN
fsr-3221	268	13	(	(	PUNCT
fsr-3221	268	14	2011	2011	NUM
fsr-3221	268	15	)	)	PUNCT
fsr-3221	268	16	.	.	PUNCT
fsr-3221	269	1	does	do	AUX
fsr-3221	269	2	corporate	corporate	ADJ
fsr-3221	269	3	social	social	ADJ
fsr-3221	269	4	responsibility	responsibility	NOUN
fsr-3221	269	5	affect	affect	VERB
fsr-3221	269	6	the	the	DET
fsr-3221	269	7	cost	cost	NOUN
fsr-3221	269	8	of	of	ADP
fsr-3221	269	9	capital	capital	NOUN
fsr-3221	269	10	?	?	PUNCT
fsr-3221	270	1	journal	journal	NOUN
fsr-3221	270	2	of	of	ADP
fsr-3221	270	3	banking	banking	NOUN
fsr-3221	270	4	and	and	CCONJ
fsr-3221	270	5	finance	finance	NOUN
fsr-3221	270	6	,	,	PUNCT
fsr-3221	270	7	35	35	NUM
fsr-3221	270	8	,	,	PUNCT
fsr-3221	270	9	2388–2408	2388–2408	NUM
fsr-3221	270	10	.	.	PUNCT
fsr-3221	271	1	griffin	griffin	PROPN
fsr-3221	271	2	,	,	PUNCT
fsr-3221	271	3	j.	j.	PROPN
fsr-3221	271	4	,	,	PUNCT
fsr-3221	271	5	&	&	CCONJ
fsr-3221	271	6	mahon	mahon	PROPN
fsr-3221	271	7	,	,	PUNCT
fsr-3221	271	8	j.	j.	PROPN
fsr-3221	271	9	(	(	PUNCT
fsr-3221	271	10	1997	1997	NUM
fsr-3221	271	11	)	)	PUNCT
fsr-3221	271	12	.	.	PUNCT
fsr-3221	272	1	the	the	DET
fsr-3221	272	2	corporate	corporate	ADJ
fsr-3221	272	3	social	social	ADJ
fsr-3221	272	4	performance	performance	NOUN
fsr-3221	272	5	and	and	CCONJ
fsr-3221	272	6	corporate	corporate	ADJ
fsr-3221	272	7	financial	financial	ADJ
fsr-3221	272	8	performance	performance	NOUN
fsr-3221	272	9	debate	debate	NOUN
fsr-3221	272	10	:	:	PUNCT
fsr-3221	272	11	twenty	twenty	NUM
fsr-3221	272	12	-	-	PUNCT
fsr-3221	272	13	five	five	NUM
fsr-3221	272	14	years	year	NOUN
fsr-3221	272	15	of	of	ADP
fsr-3221	272	16	incomparable	incomparable	ADJ
fsr-3221	272	17	research	research	NOUN
fsr-3221	272	18	.	.	PUNCT
fsr-3221	273	1	business	business	NOUN
fsr-3221	273	2	and	and	CCONJ
fsr-3221	273	3	society	society	NOUN
fsr-3221	273	4	,	,	PUNCT
fsr-3221	273	5	36	36	NUM
fsr-3221	273	6	,	,	PUNCT
fsr-3221	273	7	5–31	5–31	PROPN
fsr-3221	273	8	.	.	PUNCT
fsr-3221	273	9	hamilton	hamilton	PROPN
fsr-3221	273	10	,	,	PUNCT
fsr-3221	273	11	s.	s.	PROPN
fsr-3221	273	12	,	,	PUNCT
fsr-3221	273	13	jo	jo	PROPN
fsr-3221	273	14	,	,	PUNCT
fsr-3221	273	15	h.	h.	PROPN
fsr-3221	273	16	,	,	PUNCT
fsr-3221	273	17	&	&	CCONJ
fsr-3221	273	18	statman	statman	PROPN
fsr-3221	273	19	,	,	PUNCT
fsr-3221	273	20	m.	m.	NOUN
fsr-3221	273	21	(	(	PUNCT
fsr-3221	273	22	1993	1993	NUM
fsr-3221	273	23	)	)	PUNCT
fsr-3221	273	24	.	.	PUNCT
fsr-3221	274	1	doing	do	VERB
fsr-3221	274	2	well	well	ADV
fsr-3221	274	3	while	while	SCONJ
fsr-3221	274	4	doing	do	VERB
fsr-3221	274	5	good	good	NOUN
fsr-3221	274	6	?	?	PUNCT
fsr-3221	275	1	the	the	DET
fsr-3221	275	2	investment	investment	NOUN
fsr-3221	275	3	performance	performance	NOUN
fsr-3221	275	4	of	of	ADP
fsr-3221	275	5	socially	socially	ADV
fsr-3221	275	6	responsible	responsible	ADJ
fsr-3221	275	7	mutual	mutual	ADJ
fsr-3221	275	8	funds	fund	NOUN
fsr-3221	275	9	.	.	PUNCT
fsr-3221	276	1	financial	financial	ADJ
fsr-3221	276	2	analysts	analyst	NOUN
fsr-3221	276	3	journal	journal	NOUN
fsr-3221	276	4	,	,	PUNCT
fsr-3221	276	5	49	49	NUM
fsr-3221	276	6	,	,	PUNCT
fsr-3221	276	7	62–66	62–66	PROPN
fsr-3221	276	8	.	.	PUNCT
fsr-3221	277	1	hill	hill	PROPN
fsr-3221	277	2	,	,	PUNCT
fsr-3221	277	3	r.	r.	PROPN
fsr-3221	277	4	,	,	PUNCT
fsr-3221	277	5	ainscough	ainscough	NOUN
fsr-3221	277	6	,	,	PUNCT
fsr-3221	277	7	t.	t.	PROPN
fsr-3221	277	8	,	,	PUNCT
fsr-3221	277	9	shank	shank	ADJ
fsr-3221	277	10	,	,	PUNCT
fsr-3221	277	11	t.	t.	PROPN
fsr-3221	277	12	,	,	PUNCT
fsr-3221	277	13	&	&	CCONJ
fsr-3221	277	14	manullang	manullang	PROPN
fsr-3221	277	15	,	,	PUNCT
fsr-3221	277	16	d.	d.	PROPN
fsr-3221	277	17	(	(	PUNCT
fsr-3221	277	18	2007	2007	NUM
fsr-3221	277	19	)	)	PUNCT
fsr-3221	277	20	.	.	PUNCT
fsr-3221	278	1	corporate	corporate	ADJ
fsr-3221	278	2	social	social	ADJ
fsr-3221	278	3	responsibility	responsibility	NOUN
fsr-3221	278	4	and	and	CCONJ
fsr-3221	278	5	socially	socially	ADV
fsr-3221	278	6	responsible	responsible	ADJ
fsr-3221	278	7	investing	investing	NOUN
fsr-3221	278	8	:	:	PUNCT
fsr-3221	278	9	a	a	DET
fsr-3221	278	10	global	global	ADJ
fsr-3221	278	11	perspective	perspective	NOUN
fsr-3221	278	12	.	.	PUNCT
fsr-3221	279	1	journal	journal	PROPN
fsr-3221	279	2	of	of	ADP
fsr-3221	279	3	business	business	NOUN
fsr-3221	279	4	ethics	ethic	NOUN
fsr-3221	279	5	,	,	PUNCT
fsr-3221	279	6	70	70	NUM
fsr-3221	279	7	,	,	PUNCT
fsr-3221	279	8	165–174	165–174	NUM
fsr-3221	279	9	.	.	PUNCT
fsr-3221	280	1	labuschagne	labuschagne	PROPN
fsr-3221	280	2	,	,	PUNCT
fsr-3221	280	3	c.	c.	PROPN
fsr-3221	280	4	,	,	PUNCT
fsr-3221	280	5	brent	brent	PROPN
fsr-3221	280	6	,	,	PUNCT
fsr-3221	280	7	a.	a.	PROPN
fsr-3221	280	8	,	,	PUNCT
fsr-3221	280	9	&	&	CCONJ
fsr-3221	280	10	van	van	PROPN
fsr-3221	280	11	erck	erck	PROPN
fsr-3221	280	12	,	,	PUNCT
fsr-3221	280	13	r.	r.	PROPN
fsr-3221	280	14	(	(	PUNCT
fsr-3221	280	15	2004	2004	NUM
fsr-3221	280	16	)	)	PUNCT
fsr-3221	280	17	.	.	PUNCT
fsr-3221	281	1	assessing	assess	VERB
fsr-3221	281	2	the	the	DET
fsr-3221	281	3	sustainability	sustainability	NOUN
fsr-3221	281	4	performance	performance	NOUN
fsr-3221	281	5	of	of	ADP
fsr-3221	281	6	industries	industry	NOUN
fsr-3221	281	7	.	.	PUNCT
fsr-3221	282	1	journal	journal	NOUN
fsr-3221	282	2	of	of	ADP
fsr-3221	282	3	cleaner	clean	ADJ
fsr-3221	282	4	production	production	NOUN
fsr-3221	282	5	,	,	PUNCT
fsr-3221	282	6	13	13	NUM
fsr-3221	282	7	,	,	PUNCT
fsr-3221	282	8	1–13	1–13	PROPN
fsr-3221	282	9	.	.	PUNCT
fsr-3221	283	1	lee	lee	PROPN
fsr-3221	283	2	,	,	PUNCT
fsr-3221	283	3	d.	d.	PROPN
fsr-3221	283	4	(	(	PUNCT
fsr-3221	283	5	2009	2009	NUM
fsr-3221	283	6	)	)	PUNCT
fsr-3221	283	7	.	.	PUNCT
fsr-3221	284	1	corporate	corporate	ADJ
fsr-3221	284	2	sustainability	sustainability	NOUN
fsr-3221	284	3	performance	performance	NOUN
fsr-3221	284	4	and	and	CCONJ
fsr-3221	284	5	idiosyncratic	idiosyncratic	ADJ
fsr-3221	284	6	risk	risk	NOUN
fsr-3221	284	7	:	:	PUNCT
fsr-3221	284	8	a	a	DET
fsr-3221	284	9	global	global	ADJ
fsr-3221	284	10	perspective	perspective	NOUN
fsr-3221	284	11	.	.	PUNCT
fsr-3221	285	1	financial	financial	ADJ
fsr-3221	285	2	review	review	PROPN
fsr-3221	285	3	,	,	PUNCT
fsr-3221	285	4	44	44	NUM
fsr-3221	285	5	,	,	PUNCT
fsr-3221	285	6	213–237	213–237	NUM
fsr-3221	285	7	.	.	PUNCT
fsr-3221	286	1	lin	lin	PROPN
fsr-3221	286	2	,	,	PUNCT
fsr-3221	286	3	c.	c.	PROPN
fsr-3221	286	4	(	(	PUNCT
fsr-3221	286	5	2014	2014	NUM
fsr-3221	286	6	)	)	PUNCT
fsr-3221	286	7	.	.	PUNCT
fsr-3221	287	1	does	do	VERB
fsr-3221	287	2	active	active	ADJ
fsr-3221	287	3	management	management	NOUN
fsr-3221	287	4	work	work	NOUN
fsr-3221	287	5	?	?	PUNCT
fsr-3221	288	1	evidence	evidence	NOUN
fsr-3221	288	2	from	from	ADP
fsr-3221	288	3	equity	equity	NOUN
fsr-3221	288	4	sector	sector	NOUN
fsr-3221	288	5	funds	fund	NOUN
fsr-3221	288	6	.	.	PUNCT
fsr-3221	289	1	financial	financial	ADJ
fsr-3221	289	2	services	service	NOUN
fsr-3221	289	3	review	review	PROPN
fsr-3221	289	4	,	,	PUNCT
fsr-3221	289	5	23	23	NUM
fsr-3221	289	6	,	,	PUNCT
fsr-3221	289	7	249–271	249–271	NUM
fsr-3221	289	8	.	.	PUNCT
fsr-3221	290	1	lopez	lopez	NOUN
fsr-3221	290	2	,	,	PUNCT
fsr-3221	290	3	m.	m.	NOUN
fsr-3221	290	4	,	,	PUNCT
fsr-3221	290	5	garcia	garcia	PROPN
fsr-3221	290	6	,	,	PUNCT
fsr-3221	290	7	a.	a.	PROPN
fsr-3221	290	8	,	,	PUNCT
fsr-3221	290	9	&	&	CCONJ
fsr-3221	290	10	rodriquez	rodriquez	PROPN
fsr-3221	290	11	,	,	PUNCT
fsr-3221	290	12	l.	l.	PROPN
fsr-3221	290	13	(	(	PUNCT
fsr-3221	290	14	2007	2007	NUM
fsr-3221	290	15	)	)	PUNCT
fsr-3221	290	16	.	.	PUNCT
fsr-3221	291	1	sustainable	sustainable	ADJ
fsr-3221	291	2	development	development	NOUN
fsr-3221	291	3	and	and	CCONJ
fsr-3221	291	4	corporate	corporate	ADJ
fsr-3221	291	5	performance	performance	NOUN
fsr-3221	291	6	:	:	PUNCT
fsr-3221	291	7	a	a	DET
fsr-3221	291	8	study	study	NOUN
fsr-3221	291	9	based	base	VERB
fsr-3221	291	10	on	on	ADP
fsr-3221	291	11	the	the	DET
fsr-3221	291	12	dow	dow	PROPN
fsr-3221	291	13	jones	jones	PROPN
fsr-3221	291	14	sustainability	sustainability	PROPN
fsr-3221	291	15	index	index	PROPN
fsr-3221	291	16	.	.	PUNCT
fsr-3221	292	1	journal	journal	PROPN
fsr-3221	292	2	of	of	ADP
fsr-3221	292	3	business	business	NOUN
fsr-3221	292	4	ethics	ethic	NOUN
fsr-3221	292	5	,	,	PUNCT
fsr-3221	292	6	75	75	NUM
fsr-3221	292	7	,	,	PUNCT
fsr-3221	292	8	285–300	285–300	NUM
fsr-3221	292	9	.	.	PUNCT
fsr-3221	293	1	lourenco	lourenco	PROPN
fsr-3221	293	2	,	,	PUNCT
fsr-3221	293	3	i.	i.	PROPN
fsr-3221	293	4	,	,	PUNCT
fsr-3221	293	5	branco	branco	PROPN
fsr-3221	293	6	,	,	PUNCT
fsr-3221	293	7	m.	m.	NOUN
fsr-3221	293	8	,	,	PUNCT
fsr-3221	293	9	curto	curto	PROPN
fsr-3221	293	10	,	,	PUNCT
fsr-3221	293	11	j.	j.	PROPN
fsr-3221	293	12	,	,	PUNCT
fsr-3221	293	13	&	&	CCONJ
fsr-3221	293	14	eugenio	eugenio	PROPN
fsr-3221	293	15	,	,	PUNCT
fsr-3221	293	16	t.	t.	PROPN
fsr-3221	293	17	(	(	PUNCT
fsr-3221	293	18	2012	2012	NUM
fsr-3221	293	19	)	)	PUNCT
fsr-3221	293	20	.	.	PUNCT
fsr-3221	294	1	how	how	SCONJ
fsr-3221	294	2	does	do	AUX
fsr-3221	294	3	the	the	DET
fsr-3221	294	4	market	market	NOUN
fsr-3221	294	5	value	value	NOUN
fsr-3221	294	6	corporate	corporate	ADJ
fsr-3221	294	7	sustainability	sustainability	NOUN
fsr-3221	294	8	performance	performance	NOUN
fsr-3221	294	9	?	?	PUNCT
fsr-3221	295	1	journal	journal	NOUN
fsr-3221	295	2	of	of	ADP
fsr-3221	295	3	business	business	NOUN
fsr-3221	295	4	ethics	ethic	NOUN
fsr-3221	295	5	,	,	PUNCT
fsr-3221	295	6	108	108	NUM
fsr-3221	295	7	,	,	PUNCT
fsr-3221	295	8	417–428	417–428	NUM
fsr-3221	295	9	.	.	PUNCT
fsr-3221	296	1	lourenco	lourenco	PROPN
fsr-3221	296	2	,	,	PUNCT
fsr-3221	296	3	i.	i.	PROPN
fsr-3221	296	4	,	,	PUNCT
fsr-3221	296	5	callen	callen	PROPN
fsr-3221	296	6	,	,	PUNCT
fsr-3221	296	7	j.	j.	PROPN
fsr-3221	296	8	,	,	PUNCT
fsr-3221	296	9	branco	branco	PROPN
fsr-3221	296	10	,	,	PUNCT
fsr-3221	296	11	m.	m.	NOUN
fsr-3221	296	12	,	,	PUNCT
fsr-3221	296	13	&	&	CCONJ
fsr-3221	296	14	curto	curto	PROPN
fsr-3221	296	15	,	,	PUNCT
fsr-3221	296	16	j.	j.	PROPN
fsr-3221	296	17	(	(	PUNCT
fsr-3221	296	18	2014	2014	NUM
fsr-3221	296	19	)	)	PUNCT
fsr-3221	296	20	.	.	PUNCT
fsr-3221	297	1	the	the	DET
fsr-3221	297	2	value	value	NOUN
fsr-3221	297	3	relevance	relevance	NOUN
fsr-3221	297	4	of	of	ADP
fsr-3221	297	5	reputation	reputation	NOUN
fsr-3221	297	6	for	for	ADP
fsr-3221	297	7	sustainability	sustainability	NOUN
fsr-3221	297	8	leadership	leadership	NOUN
fsr-3221	297	9	.	.	PUNCT
fsr-3221	298	1	journal	journal	PROPN
fsr-3221	298	2	of	of	ADP
fsr-3221	298	3	business	business	NOUN
fsr-3221	298	4	ethics	ethic	NOUN
fsr-3221	298	5	,	,	PUNCT
fsr-3221	298	6	119	119	NUM
fsr-3221	298	7	,	,	PUNCT
fsr-3221	298	8	17–28	17–28	NUM
fsr-3221	298	9	.	.	PUNCT
fsr-3221	299	1	north	north	PROPN
fsr-3221	299	2	,	,	PUNCT
fsr-3221	299	3	d.	d.	PROPN
fsr-3221	299	4	,	,	PUNCT
fsr-3221	299	5	&	&	CCONJ
fsr-3221	299	6	stevens	stevens	PROPN
fsr-3221	299	7	,	,	PUNCT
fsr-3221	299	8	j.	j.	PROPN
fsr-3221	299	9	(	(	PUNCT
fsr-3221	299	10	2015	2015	NUM
fsr-3221	299	11	)	)	PUNCT
fsr-3221	299	12	.	.	PUNCT
fsr-3221	300	1	investment	investment	NOUN
fsr-3221	300	2	performance	performance	NOUN
fsr-3221	300	3	of	of	ADP
fsr-3221	300	4	aaii	aaii	NOUN
fsr-3221	300	5	stock	stock	NOUN
fsr-3221	300	6	screens	screen	NOUN
fsr-3221	300	7	over	over	ADP
fsr-3221	300	8	diverse	diverse	ADJ
fsr-3221	300	9	markets	market	NOUN
fsr-3221	300	10	.	.	PUNCT
fsr-3221	301	1	financial	financial	ADJ
fsr-3221	301	2	services	service	NOUN
fsr-3221	301	3	review	review	PROPN
fsr-3221	301	4	,	,	PUNCT
fsr-3221	301	5	24	24	NUM
fsr-3221	301	6	,	,	PUNCT
fsr-3221	301	7	157–176	157–176	NUM
fsr-3221	301	8	.	.	PUNCT
fsr-3221	302	1	orlitzky	orlitzky	NOUN
fsr-3221	302	2	,	,	PUNCT
fsr-3221	302	3	m.	m.	NOUN
fsr-3221	302	4	(	(	PUNCT
fsr-3221	302	5	2003	2003	NUM
fsr-3221	302	6	)	)	PUNCT
fsr-3221	302	7	.	.	PUNCT
fsr-3221	303	1	corporate	corporate	ADJ
fsr-3221	303	2	social	social	ADJ
fsr-3221	303	3	and	and	CCONJ
fsr-3221	303	4	financial	financial	ADJ
fsr-3221	303	5	performance	performance	NOUN
fsr-3221	303	6	:	:	PUNCT
fsr-3221	303	7	a	a	DET
fsr-3221	303	8	meta	meta	ADJ
fsr-3221	303	9	-	-	PUNCT
fsr-3221	303	10	analysis	analysis	NOUN
fsr-3221	303	11	.	.	PUNCT
fsr-3221	304	1	organization	organization	NOUN
fsr-3221	304	2	studies	study	NOUN
fsr-3221	304	3	,	,	PUNCT
fsr-3221	304	4	24	24	NUM
fsr-3221	304	5	,	,	PUNCT
fsr-3221	304	6	403–441	403–441	NUM
fsr-3221	304	7	.	.	PUNCT
fsr-3221	305	1	robinson	robinson	PROPN
fsr-3221	305	2	,	,	PUNCT
fsr-3221	305	3	m.	m.	NOUN
fsr-3221	305	4	,	,	PUNCT
fsr-3221	305	5	kleffner	kleffner	PROPN
fsr-3221	305	6	,	,	PUNCT
fsr-3221	305	7	a.	a.	PROPN
fsr-3221	305	8	,	,	PUNCT
fsr-3221	305	9	&	&	CCONJ
fsr-3221	305	10	bertels	bertel	NOUN
fsr-3221	305	11	,	,	PUNCT
fsr-3221	305	12	s.	s.	PROPN
fsr-3221	305	13	(	(	PUNCT
fsr-3221	305	14	2011	2011	NUM
fsr-3221	305	15	)	)	PUNCT
fsr-3221	305	16	.	.	PUNCT
fsr-3221	306	1	signaling	signal	VERB
fsr-3221	306	2	sustainability	sustainability	NOUN
fsr-3221	306	3	leadership	leadership	NOUN
fsr-3221	306	4	:	:	PUNCT
fsr-3221	306	5	empirical	empirical	ADJ
fsr-3221	306	6	evidence	evidence	NOUN
fsr-3221	306	7	of	of	ADP
fsr-3221	306	8	the	the	DET
fsr-3221	306	9	value	value	NOUN
fsr-3221	306	10	of	of	ADP
fsr-3221	306	11	djsi	djsi	NUM
fsr-3221	306	12	membership	membership	NOUN
fsr-3221	306	13	.	.	PUNCT
fsr-3221	307	1	journal	journal	PROPN
fsr-3221	307	2	of	of	ADP
fsr-3221	307	3	business	business	NOUN
fsr-3221	307	4	ethics	ethic	NOUN
fsr-3221	307	5	,	,	PUNCT
fsr-3221	307	6	101	101	NUM
fsr-3221	307	7	,	,	PUNCT
fsr-3221	307	8	493–505	493–505	NUM
fsr-3221	307	9	.	.	PUNCT
fsr-3221	308	1	rodgers	rodgers	PROPN
fsr-3221	308	2	,	,	PUNCT
fsr-3221	308	3	w.	w.	PROPN
fsr-3221	308	4	,	,	PUNCT
fsr-3221	308	5	choy	choy	PROPN
fsr-3221	308	6	,	,	PUNCT
fsr-3221	308	7	h.	h.	PROPN
fsr-3221	308	8	,	,	PUNCT
fsr-3221	308	9	&	&	CCONJ
fsr-3221	308	10	guiral	guiral	ADJ
fsr-3221	308	11	,	,	PUNCT
fsr-3221	308	12	a.	a.	NOUN
fsr-3221	308	13	(	(	PUNCT
fsr-3221	308	14	2013	2013	NUM
fsr-3221	308	15	)	)	PUNCT
fsr-3221	308	16	.	.	PUNCT
fsr-3221	309	1	do	do	AUX
fsr-3221	309	2	investors	investor	NOUN
fsr-3221	309	3	value	value	VERB
fsr-3221	309	4	a	a	DET
fsr-3221	309	5	firm	firm	NOUN
fsr-3221	309	6	’s	’s	PART
fsr-3221	309	7	commitment	commitment	NOUN
fsr-3221	309	8	to	to	ADP
fsr-3221	309	9	social	social	ADJ
fsr-3221	309	10	activities	activity	NOUN
fsr-3221	309	11	?	?	PUNCT
fsr-3221	310	1	journal	journal	NOUN
fsr-3221	310	2	of	of	ADP
fsr-3221	310	3	business	business	NOUN
fsr-3221	310	4	ethics	ethic	NOUN
fsr-3221	310	5	,	,	PUNCT
fsr-3221	310	6	114	114	NUM
fsr-3221	310	7	,	,	PUNCT
fsr-3221	310	8	607–623	607–623	NUM
fsr-3221	310	9	.	.	PUNCT
fsr-3221	311	1	shank	shank	PROPN
fsr-3221	311	2	,	,	PUNCT
fsr-3221	311	3	t.	t.	PROPN
fsr-3221	311	4	,	,	PUNCT
fsr-3221	311	5	manullang	manullang	PROPN
fsr-3221	311	6	,	,	PUNCT
fsr-3221	311	7	d.	d.	PROPN
fsr-3221	311	8	,	,	PUNCT
fsr-3221	311	9	&	&	CCONJ
fsr-3221	311	10	hill	hill	PROPN
fsr-3221	311	11	,	,	PUNCT
fsr-3221	311	12	r.	r.	PROPN
fsr-3221	311	13	(	(	PUNCT
fsr-3221	311	14	2005	2005	NUM
fsr-3221	311	15	)	)	PUNCT
fsr-3221	311	16	.	.	PUNCT
fsr-3221	312	1	“	"	PUNCT
fsr-3221	312	2	doing	do	VERB
fsr-3221	312	3	well	well	ADV
fsr-3221	312	4	while	while	SCONJ
fsr-3221	312	5	doing	do	VERB
fsr-3221	312	6	good	good	NOUN
fsr-3221	312	7	”	"	PUNCT
fsr-3221	312	8	revisited	revisit	VERB
fsr-3221	312	9	:	:	PUNCT
fsr-3221	312	10	a	a	DET
fsr-3221	312	11	study	study	NOUN
fsr-3221	312	12	of	of	ADP
fsr-3221	312	13	socially	socially	ADV
fsr-3221	312	14	responsible	responsible	ADJ
fsr-3221	312	15	firms	firm	NOUN
fsr-3221	312	16	’	'	PUNCT
fsr-3221	312	17	short	short	ADJ
fsr-3221	312	18	-	-	PUNCT
fsr-3221	312	19	term	term	NOUN
fsr-3221	312	20	versus	versus	ADP
fsr-3221	312	21	long	long	ADJ
fsr-3221	312	22	-	-	PUNCT
fsr-3221	312	23	term	term	NOUN
fsr-3221	312	24	performance	performance	NOUN
fsr-3221	312	25	.	.	PUNCT
fsr-3221	313	1	managerial	managerial	ADJ
fsr-3221	313	2	finance	finance	NOUN
fsr-3221	313	3	,	,	PUNCT
fsr-3221	313	4	30	30	NUM
fsr-3221	313	5	,	,	PUNCT
fsr-3221	313	6	33–45	33–45	NUM
fsr-3221	313	7	.	.	PUNCT
fsr-3221	314	1	world	world	PROPN
fsr-3221	314	2	federation	federation	PROPN
fsr-3221	314	3	of	of	ADP
fsr-3221	314	4	exchanges	exchange	NOUN
fsr-3221	314	5	:	:	PUNCT
fsr-3221	314	6	exchanges	exchange	NOUN
fsr-3221	314	7	and	and	CCONJ
fsr-3221	314	8	sustainable	sustainable	ADJ
fsr-3221	314	9	investment	investment	NOUN
fsr-3221	314	10	.	.	PUNCT
fsr-3221	315	1	(	(	PUNCT
fsr-3221	315	2	available	available	ADJ
fsr-3221	315	3	at	at	ADP
fsr-3221	315	4	www.world-exchanges.org/	www.world-exchanges.org/	PROPN
fsr-3221	315	5	sustainability	sustainability	NOUN
fsr-3221	315	6	/	/	SYM
fsr-3221	315	7	m-7	m-7	NOUN
fsr-3221	315	8	-	-	PUNCT
fsr-3221	315	9	0.php	0.php	VERB
fsr-3221	315	10	)	)	PUNCT
fsr-3221	315	11	.	.	PUNCT
fsr-3221	316	1	xiao	xiao	PROPN
fsr-3221	316	2	,	,	PUNCT
fsr-3221	316	3	y.	y.	PROPN
fsr-3221	316	4	,	,	PUNCT
fsr-3221	316	5	faff	faff	PROPN
fsr-3221	316	6	,	,	PUNCT
fsr-3221	316	7	r.	r.	PROPN
fsr-3221	316	8	,	,	PUNCT
fsr-3221	316	9	gharghori	gharghori	NOUN
fsr-3221	316	10	,	,	PUNCT
fsr-3221	316	11	p.	p.	PROPN
fsr-3221	316	12	,	,	PUNCT
fsr-3221	316	13	&	&	CCONJ
fsr-3221	316	14	lee	lee	PROPN
fsr-3221	316	15	,	,	PUNCT
fsr-3221	316	16	d.	d.	PROPN
fsr-3221	316	17	(	(	PUNCT
fsr-3221	316	18	2013	2013	NUM
fsr-3221	316	19	)	)	PUNCT
fsr-3221	316	20	.	.	PUNCT
fsr-3221	317	1	an	an	DET
fsr-3221	317	2	empirical	empirical	ADJ
fsr-3221	317	3	study	study	NOUN
fsr-3221	317	4	of	of	ADP
fsr-3221	317	5	the	the	DET
fsr-3221	317	6	world	world	NOUN
fsr-3221	317	7	price	price	NOUN
fsr-3221	317	8	of	of	ADP
fsr-3221	317	9	sustainability	sustainability	NOUN
fsr-3221	317	10	.	.	PUNCT
fsr-3221	318	1	journal	journal	PROPN
fsr-3221	318	2	of	of	ADP
fsr-3221	318	3	business	business	NOUN
fsr-3221	318	4	ethics	ethic	NOUN
fsr-3221	318	5	,	,	PUNCT
fsr-3221	318	6	114	114	NUM
fsr-3221	318	7	,	,	PUNCT
fsr-3221	318	8	297–310	297–310	NUM
fsr-3221	318	9	.	.	PUNCT
fsr-3221	319	1	214	214	NUM
fsr-3221	319	2	t.m	t.m	X
fsr-3221	319	3	.	.	PROPN
fsr-3221	319	4	shank	shank	PROPN
fsr-3221	319	5	,	,	PUNCT
fsr-3221	319	6	b.	b.	PROPN
fsr-3221	319	7	shockey	shockey	PROPN
fsr-3221	319	8	/	/	SYM
fsr-3221	319	9	financial	financial	ADJ
fsr-3221	319	10	services	service	NOUN
fsr-3221	319	11	review	review	VERB
fsr-3221	319	12	25	25	NUM
fsr-3221	319	13	(	(	PUNCT
fsr-3221	319	14	2016	2016	NUM
fsr-3221	319	15	)	)	PUNCT
fsr-3221	319	16	199–214	199–214	NUM