id	sid	tid	token	lemma	pos
fsr-3856	1	1	pii	pii	PROPN
fsr-3856	1	2	:	:	PUNCT
fsr-3856	1	3	s1057	s1057	NOUN
fsr-3856	1	4	-	-	PUNCT
fsr-3856	1	5	0810(99)00007	0810(99)00007	NUM
fsr-3856	1	6	-	-	PUNCT
fsr-3856	1	7	4	4	NUM
fsr-3856	1	8	the	the	DET
fsr-3856	1	9	rise	rise	NOUN
fsr-3856	1	10	and	and	CCONJ
fsr-3856	1	11	fall	fall	NOUN
fsr-3856	1	12	of	of	ADP
fsr-3856	1	13	the	the	DET
fsr-3856	1	14	“	"	PUNCT
fsr-3856	1	15	dogs	dog	NOUN
fsr-3856	1	16	of	of	ADP
fsr-3856	1	17	the	the	DET
fsr-3856	1	18	dow	dow	NOUN
fsr-3856	1	19	”	"	PUNCT
fsr-3856	1	20	dale	dale	PROPN
fsr-3856	1	21	l.	l.	PROPN
fsr-3856	1	22	domiana	domiana	PROPN
fsr-3856	1	23	,	,	PUNCT
fsr-3856	1	24	david	david	PROPN
fsr-3856	1	25	a.	a.	PROPN
fsr-3856	1	26	loutonb	loutonb	PROPN
fsr-3856	1	27	,	,	PUNCT
fsr-3856	1	28	*	*	PROPN
fsr-3856	1	29	,	,	PUNCT
fsr-3856	1	30	charles	charles	PROPN
fsr-3856	1	31	e.	e.	PROPN
fsr-3856	1	32	mossmanc	mossmanc	PROPN
fsr-3856	1	33	acollege	acollege	PROPN
fsr-3856	1	34	of	of	ADP
fsr-3856	1	35	commerce	commerce	PROPN
fsr-3856	1	36	,	,	PUNCT
fsr-3856	1	37	university	university	PROPN
fsr-3856	1	38	of	of	ADP
fsr-3856	1	39	saskatchewan	saskatchewan	PROPN
fsr-3856	1	40	,	,	PUNCT
fsr-3856	1	41	saskatoon	saskatoon	PROPN
fsr-3856	1	42	,	,	PUNCT
fsr-3856	1	43	saskatchewan	saskatchewan	PROPN
fsr-3856	1	44	,	,	PUNCT
fsr-3856	1	45	s7n	s7n	ADP
fsr-3856	1	46	0w0	0w0	PROPN
fsr-3856	1	47	,	,	PUNCT
fsr-3856	1	48	canada	canada	PROPN
fsr-3856	1	49	bdepartment	bdepartment	NOUN
fsr-3856	1	50	of	of	ADP
fsr-3856	1	51	finance	finance	PROPN
fsr-3856	1	52	,	,	PUNCT
fsr-3856	1	53	bryant	bryant	PROPN
fsr-3856	1	54	college	college	PROPN
fsr-3856	1	55	,	,	PUNCT
fsr-3856	1	56	1150	1150	NUM
fsr-3856	1	57	douglas	douglas	PROPN
fsr-3856	1	58	pike	pike	PROPN
fsr-3856	1	59	,	,	PUNCT
fsr-3856	1	60	smithfield	smithfield	PROPN
fsr-3856	1	61	,	,	PUNCT
fsr-3856	1	62	ri	ri	PROPN
fsr-3856	1	63	02917	02917	NUM
fsr-3856	1	64	-	-	SYM
fsr-3856	1	65	1284	1284	NUM
fsr-3856	1	66	,	,	PUNCT
fsr-3856	1	67	usa	usa	PROPN
fsr-3856	1	68	cfaculty	cfaculty	PROPN
fsr-3856	1	69	of	of	ADP
fsr-3856	1	70	management	management	NOUN
fsr-3856	1	71	,	,	PUNCT
fsr-3856	1	72	university	university	NOUN
fsr-3856	1	73	of	of	ADP
fsr-3856	1	74	manitoba	manitoba	PROPN
fsr-3856	1	75	,	,	PUNCT
fsr-3856	1	76	winnipeg	winnipeg	PROPN
fsr-3856	1	77	,	,	PUNCT
fsr-3856	1	78	manitoba	manitoba	PROPN
fsr-3856	1	79	,	,	PUNCT
fsr-3856	1	80	r3	r3	PROPN
fsr-3856	1	81	t	t	PROPN
fsr-3856	1	82	2n2	2n2	NUM
fsr-3856	1	83	,	,	PUNCT
fsr-3856	1	84	canada	canada	PROPN
fsr-3856	1	85	abstract	abstract	VERB
fsr-3856	1	86	the	the	DET
fsr-3856	1	87	dow	dow	PROPN
fsr-3856	1	88	dividend	dividend	NOUN
fsr-3856	1	89	strategy	strategy	NOUN
fsr-3856	1	90	recommends	recommend	VERB
fsr-3856	1	91	the	the	DET
fsr-3856	1	92	highest	highest	ADV
fsr-3856	1	93	-	-	PUNCT
fsr-3856	1	94	yielding	yield	VERB
fsr-3856	1	95	stocks	stock	NOUN
fsr-3856	1	96	from	from	ADP
fsr-3856	1	97	the	the	DET
fsr-3856	1	98	30	30	NUM
fsr-3856	1	99	dow	dow	NOUN
fsr-3856	1	100	industrials	industrial	NOUN
fsr-3856	1	101	.	.	PUNCT
fsr-3856	2	1	these	these	DET
fsr-3856	2	2	stocks	stock	NOUN
fsr-3856	2	3	have	have	AUX
fsr-3856	2	4	come	come	VERB
fsr-3856	2	5	to	to	PART
fsr-3856	2	6	be	be	AUX
fsr-3856	2	7	known	know	VERB
fsr-3856	2	8	as	as	ADP
fsr-3856	2	9	the	the	DET
fsr-3856	2	10	“	"	PUNCT
fsr-3856	2	11	dogs	dog	NOUN
fsr-3856	2	12	of	of	ADP
fsr-3856	2	13	the	the	DET
fsr-3856	2	14	dow	dow	NOUN
fsr-3856	2	15	”	"	PUNCT
fsr-3856	2	16	since	since	SCONJ
fsr-3856	2	17	they	they	PRON
fsr-3856	2	18	often	often	ADV
fsr-3856	2	19	include	include	VERB
fsr-3856	2	20	some	some	PRON
fsr-3856	2	21	of	of	ADP
fsr-3856	2	22	the	the	DET
fsr-3856	2	23	previous	previous	ADJ
fsr-3856	2	24	year	year	NOUN
fsr-3856	2	25	’s	’s	PART
fsr-3856	2	26	worst	bad	ADJ
fsr-3856	2	27	performers	performer	NOUN
fsr-3856	2	28	.	.	PUNCT
fsr-3856	3	1	while	while	SCONJ
fsr-3856	3	2	the	the	DET
fsr-3856	3	3	strategy	strategy	NOUN
fsr-3856	3	4	’s	’s	PART
fsr-3856	3	5	successes	success	NOUN
fsr-3856	3	6	—	—	PUNCT
fsr-3856	3	7	and	and	CCONJ
fsr-3856	3	8	more	more	ADV
fsr-3856	3	9	recently	recently	ADV
fsr-3856	3	10	,	,	PUNCT
fsr-3856	3	11	its	its	PRON
fsr-3856	3	12	failures	failure	NOUN
fsr-3856	3	13	—	—	PUNCT
fsr-3856	3	14	have	have	AUX
fsr-3856	3	15	been	be	AUX
fsr-3856	3	16	well	well	ADV
fsr-3856	3	17	documented	document	VERB
fsr-3856	3	18	in	in	ADP
fsr-3856	3	19	the	the	DET
fsr-3856	3	20	popular	popular	ADJ
fsr-3856	3	21	press	press	NOUN
fsr-3856	3	22	,	,	PUNCT
fsr-3856	3	23	there	there	PRON
fsr-3856	3	24	have	have	AUX
fsr-3856	3	25	not	not	PART
fsr-3856	3	26	been	be	AUX
fsr-3856	3	27	any	any	DET
fsr-3856	3	28	convincing	convincing	ADJ
fsr-3856	3	29	explanations	explanation	NOUN
fsr-3856	3	30	of	of	ADP
fsr-3856	3	31	why	why	SCONJ
fsr-3856	3	32	the	the	DET
fsr-3856	3	33	strategy	strategy	NOUN
fsr-3856	3	34	worked	work	VERB
fsr-3856	3	35	.	.	PUNCT
fsr-3856	4	1	this	this	DET
fsr-3856	4	2	paper	paper	NOUN
fsr-3856	4	3	demonstrates	demonstrate	VERB
fsr-3856	4	4	that	that	SCONJ
fsr-3856	4	5	the	the	DET
fsr-3856	4	6	behavior	behavior	NOUN
fsr-3856	4	7	of	of	ADP
fsr-3856	4	8	these	these	DET
fsr-3856	4	9	stocks	stock	NOUN
fsr-3856	4	10	is	be	AUX
fsr-3856	4	11	consistent	consistent	ADJ
fsr-3856	4	12	with	with	ADP
fsr-3856	4	13	the	the	DET
fsr-3856	4	14	market	market	NOUN
fsr-3856	4	15	overreaction	overreaction	NOUN
fsr-3856	4	16	hypothesis	hypothesis	NOUN
fsr-3856	4	17	.	.	PUNCT
fsr-3856	5	1	in	in	ADP
fsr-3856	5	2	years	year	NOUN
fsr-3856	5	3	before	before	ADP
fsr-3856	5	4	the	the	DET
fsr-3856	5	5	stock	stock	NOUN
fsr-3856	5	6	market	market	NOUN
fsr-3856	5	7	crash	crash	NOUN
fsr-3856	5	8	of	of	ADP
fsr-3856	5	9	1987	1987	NUM
fsr-3856	5	10	,	,	PUNCT
fsr-3856	5	11	the	the	DET
fsr-3856	5	12	dogs	dog	NOUN
fsr-3856	5	13	were	be	AUX
fsr-3856	5	14	indeed	indeed	ADV
fsr-3856	5	15	“	"	PUNCT
fsr-3856	5	16	losers	loser	NOUN
fsr-3856	5	17	”	"	PUNCT
fsr-3856	5	18	which	which	PRON
fsr-3856	5	19	went	go	VERB
fsr-3856	5	20	on	on	ADP
fsr-3856	5	21	to	to	PART
fsr-3856	5	22	become	become	VERB
fsr-3856	5	23	“	"	PUNCT
fsr-3856	5	24	winners	winner	NOUN
fsr-3856	5	25	.	.	PUNCT
fsr-3856	5	26	”	"	PUNCT
fsr-3856	6	1	but	but	CCONJ
fsr-3856	6	2	in	in	ADP
fsr-3856	6	3	the	the	DET
fsr-3856	6	4	post	post	ADJ
fsr-3856	6	5	-	-	ADJ
fsr-3856	6	6	crash	crash	ADJ
fsr-3856	6	7	period	period	NOUN
fsr-3856	6	8	,	,	PUNCT
fsr-3856	6	9	the	the	DET
fsr-3856	6	10	high	high	ADJ
fsr-3856	6	11	-	-	PUNCT
fsr-3856	6	12	yield	yield	NOUN
fsr-3856	6	13	stocks	stock	NOUN
fsr-3856	6	14	actually	actually	ADV
fsr-3856	6	15	outperformed	outperform	VERB
fsr-3856	6	16	the	the	DET
fsr-3856	6	17	market	market	NOUN
fsr-3856	6	18	during	during	ADP
fsr-3856	6	19	the	the	DET
fsr-3856	6	20	previous	previous	ADJ
fsr-3856	6	21	year	year	NOUN
fsr-3856	6	22	.	.	PUNCT
fsr-3856	7	1	the	the	DET
fsr-3856	7	2	dow	dow	PROPN
fsr-3856	7	3	dividend	dividend	NOUN
fsr-3856	7	4	strategy	strategy	NOUN
fsr-3856	7	5	is	be	AUX
fsr-3856	7	6	no	no	ADV
fsr-3856	7	7	longer	long	ADV
fsr-3856	7	8	selecting	select	VERB
fsr-3856	7	9	the	the	DET
fsr-3856	7	10	true	true	ADJ
fsr-3856	7	11	dogs	dog	NOUN
fsr-3856	7	12	.	.	PUNCT
fsr-3856	8	1	©	©	PROPN
fsr-3856	8	2	1998	1998	NUM
fsr-3856	8	3	elsevier	elsevier	PROPN
fsr-3856	8	4	science	science	PROPN
fsr-3856	8	5	inc	inc	PROPN
fsr-3856	8	6	.	.	PUNCT
fsr-3856	9	1	all	all	DET
fsr-3856	9	2	rights	right	NOUN
fsr-3856	9	3	reserved	reserve	VERB
fsr-3856	9	4	.	.	PUNCT
fsr-3856	10	1	1	1	X
fsr-3856	10	2	.	.	X
fsr-3856	10	3	introduction	introduction	NOUN
fsr-3856	10	4	investors	investor	NOUN
fsr-3856	10	5	have	have	AUX
fsr-3856	10	6	always	always	ADV
fsr-3856	10	7	yearned	yearn	VERB
fsr-3856	10	8	for	for	ADP
fsr-3856	10	9	ways	way	NOUN
fsr-3856	10	10	to	to	PART
fsr-3856	10	11	beat	beat	VERB
fsr-3856	10	12	the	the	DET
fsr-3856	10	13	market	market	NOUN
fsr-3856	10	14	.	.	PUNCT
fsr-3856	11	1	in	in	ADP
fsr-3856	11	2	recent	recent	ADJ
fsr-3856	11	3	years	year	NOUN
fsr-3856	11	4	,	,	PUNCT
fsr-3856	11	5	one	one	NUM
fsr-3856	11	6	popular	popular	ADJ
fsr-3856	11	7	strategy	strategy	NOUN
fsr-3856	11	8	involves	involve	VERB
fsr-3856	11	9	the	the	DET
fsr-3856	11	10	30	30	NUM
fsr-3856	11	11	stocks	stock	NOUN
fsr-3856	11	12	in	in	ADP
fsr-3856	11	13	the	the	DET
fsr-3856	11	14	dow	dow	PROPN
fsr-3856	11	15	jones	jones	PROPN
fsr-3856	11	16	industrial	industrial	PROPN
fsr-3856	11	17	average	average	PROPN
fsr-3856	11	18	(	(	PUNCT
fsr-3856	11	19	djia	djia	PROPN
fsr-3856	11	20	)	)	PUNCT
fsr-3856	11	21	.	.	PUNCT
fsr-3856	12	1	according	accord	VERB
fsr-3856	12	2	to	to	ADP
fsr-3856	12	3	the	the	DET
fsr-3856	12	4	dow	dow	PROPN
fsr-3856	12	5	dividend	dividend	NOUN
fsr-3856	12	6	strategy	strategy	NOUN
fsr-3856	12	7	(	(	PUNCT
fsr-3856	12	8	dds	dds	PROPN
fsr-3856	12	9	)	)	PUNCT
fsr-3856	12	10	,	,	PUNCT
fsr-3856	12	11	a	a	DET
fsr-3856	12	12	portfolio	portfolio	NOUN
fsr-3856	12	13	comprised	comprise	VERB
fsr-3856	12	14	of	of	ADP
fsr-3856	12	15	the	the	DET
fsr-3856	12	16	ten	ten	NUM
fsr-3856	12	17	highest	highest	ADV
fsr-3856	12	18	-	-	PUNCT
fsr-3856	12	19	yielding	yield	VERB
fsr-3856	12	20	djia	djia	PROPN
fsr-3856	12	21	stocks	stock	NOUN
fsr-3856	12	22	usually	usually	ADV
fsr-3856	12	23	outperforms	outperform	VERB
fsr-3856	12	24	the	the	DET
fsr-3856	12	25	dow	dow	NOUN
fsr-3856	12	26	.	.	PUNCT
fsr-3856	13	1	initial	initial	ADJ
fsr-3856	13	2	explanations	explanation	NOUN
fsr-3856	13	3	of	of	ADP
fsr-3856	13	4	the	the	DET
fsr-3856	13	5	strategy	strategy	NOUN
fsr-3856	13	6	’s	’s	PART
fsr-3856	13	7	success	success	NOUN
fsr-3856	13	8	concentrated	concentrate	VERB
fsr-3856	13	9	on	on	ADP
fsr-3856	13	10	the	the	DET
fsr-3856	13	11	dividends	dividend	NOUN
fsr-3856	13	12	themselves	themselves	PRON
fsr-3856	13	13	.	.	PUNCT
fsr-3856	14	1	some	some	DET
fsr-3856	14	2	explanations	explanation	NOUN
fsr-3856	14	3	involved	involve	VERB
fsr-3856	14	4	nothing	nothing	PRON
fsr-3856	14	5	more	more	ADJ
fsr-3856	14	6	than	than	ADP
fsr-3856	14	7	the	the	DET
fsr-3856	14	8	observation	observation	NOUN
fsr-3856	14	9	that	that	SCONJ
fsr-3856	14	10	for	for	ADP
fsr-3856	14	11	a	a	DET
fsr-3856	14	12	given	give	VERB
fsr-3856	14	13	percentage	percentage	NOUN
fsr-3856	14	14	change	change	NOUN
fsr-3856	14	15	in	in	ADP
fsr-3856	14	16	a	a	DET
fsr-3856	14	17	stock	stock	NOUN
fsr-3856	14	18	’s	’s	PART
fsr-3856	14	19	price	price	NOUN
fsr-3856	14	20	,	,	PUNCT
fsr-3856	14	21	a	a	DET
fsr-3856	14	22	higher	high	ADJ
fsr-3856	14	23	dividend	dividend	NOUN
fsr-3856	14	24	produces	produce	VERB
fsr-3856	14	25	a	a	DET
fsr-3856	14	26	higher	high	ADJ
fsr-3856	14	27	total	total	ADJ
fsr-3856	14	28	return	return	NOUN
fsr-3856	14	29	.	.	PUNCT
fsr-3856	15	1	but	but	CCONJ
fsr-3856	15	2	by	by	ADP
fsr-3856	15	3	the	the	DET
fsr-3856	15	4	*	*	PUNCT
fsr-3856	15	5	corresponding	correspond	VERB
fsr-3856	15	6	author	author	NOUN
fsr-3856	15	7	.	.	PUNCT
fsr-3856	16	1	tel.:11	tel.:11	VERB
fsr-3856	16	2	-	-	PUNCT
fsr-3856	16	3	401	401	NUM
fsr-3856	16	4	-	-	PUNCT
fsr-3856	16	5	232	232	NUM
fsr-3856	16	6	-	-	PUNCT
fsr-3856	16	7	6343	6343	NUM
fsr-3856	16	8	;	;	PUNCT
fsr-3856	16	9	fax:11	fax:11	PROPN
fsr-3856	16	10	-	-	PUNCT
fsr-3856	16	11	401	401	NUM
fsr-3856	16	12	-	-	PUNCT
fsr-3856	16	13	232	232	NUM
fsr-3856	16	14	-	-	PUNCT
fsr-3856	16	15	6319	6319	NUM
fsr-3856	16	16	.	.	PUNCT
fsr-3856	17	1	e	e	X
fsr-3856	17	2	-	-	NOUN
fsr-3856	17	3	mail	mail	NOUN
fsr-3856	17	4	address:dlouton@bryant.edu	address:dlouton@bryant.edu	PROPN
fsr-3856	17	5	(	(	PUNCT
fsr-3856	17	6	d.a	d.a	PROPN
fsr-3856	17	7	.	.	PROPN
fsr-3856	17	8	louton	louton	PROPN
fsr-3856	17	9	)	)	PUNCT
fsr-3856	17	10	financial	financial	ADJ
fsr-3856	17	11	services	service	NOUN
fsr-3856	17	12	review	review	VERB
fsr-3856	17	13	7	7	NUM
fsr-3856	17	14	(	(	PUNCT
fsr-3856	17	15	1998	1998	NUM
fsr-3856	17	16	)	)	PUNCT
fsr-3856	18	1	145–159	145–159	NUM
fsr-3856	18	2	1057	1057	NUM
fsr-3856	18	3	-	-	SYM
fsr-3856	18	4	0810/98/$	0810/98/$	NUM
fsr-3856	18	5	–	–	PUNCT
fsr-3856	18	6	see	see	VERB
fsr-3856	18	7	front	front	ADJ
fsr-3856	18	8	matter	matter	NOUN
fsr-3856	18	9	©	©	PROPN
fsr-3856	18	10	1998	1998	NUM
fsr-3856	18	11	elsevier	elsevier	PROPN
fsr-3856	18	12	science	science	PROPN
fsr-3856	18	13	inc	inc	PROPN
fsr-3856	18	14	.	.	PUNCT
fsr-3856	19	1	all	all	DET
fsr-3856	19	2	rights	right	NOUN
fsr-3856	19	3	reserved	reserve	VERB
fsr-3856	19	4	.	.	PUNCT
fsr-3856	20	1	pii	pii	NOUN
fsr-3856	20	2	:	:	PUNCT
fsr-3856	20	3	s1057	s1057	NOUN
fsr-3856	20	4	-	-	PUNCT
fsr-3856	20	5	0810(99)00007	0810(99)00007	NOUN
fsr-3856	20	6	-	-	PUNCT
fsr-3856	20	7	4	4	NUM
fsr-3856	20	8	mid-1990s	mid-1990	NOUN
fsr-3856	20	9	,	,	PUNCT
fsr-3856	20	10	market	market	NOUN
fsr-3856	20	11	observers	observer	NOUN
fsr-3856	20	12	realized	realize	VERB
fsr-3856	20	13	that	that	SCONJ
fsr-3856	20	14	the	the	DET
fsr-3856	20	15	dds	dds	PROPN
fsr-3856	20	16	had	have	AUX
fsr-3856	20	17	often	often	ADV
fsr-3856	20	18	selected	select	VERB
fsr-3856	20	19	the	the	DET
fsr-3856	20	20	previous	previous	ADJ
fsr-3856	20	21	year	year	NOUN
fsr-3856	20	22	’s	’s	PART
fsr-3856	20	23	worst	worst	ADV
fsr-3856	20	24	performing	perform	VERB
fsr-3856	20	25	djia	djia	PROPN
fsr-3856	20	26	stocks	stock	NOUN
fsr-3856	20	27	.	.	PUNCT
fsr-3856	21	1	dds	dds	PROPN
fsr-3856	21	2	portfolios	portfolio	NOUN
fsr-3856	21	3	came	come	VERB
fsr-3856	21	4	to	to	PART
fsr-3856	21	5	be	be	AUX
fsr-3856	21	6	known	know	VERB
fsr-3856	21	7	as	as	ADP
fsr-3856	21	8	the	the	DET
fsr-3856	21	9	“	"	PUNCT
fsr-3856	21	10	dogs	dog	NOUN
fsr-3856	21	11	of	of	ADP
fsr-3856	21	12	the	the	DET
fsr-3856	21	13	dow	dow	NOUN
fsr-3856	21	14	”	"	PUNCT
fsr-3856	21	15	if	if	SCONJ
fsr-3856	21	16	a	a	DET
fsr-3856	21	17	company	company	NOUN
fsr-3856	21	18	maintains	maintain	VERB
fsr-3856	21	19	a	a	DET
fsr-3856	21	20	constant	constant	ADJ
fsr-3856	21	21	quarterly	quarterly	ADJ
fsr-3856	21	22	cash	cash	NOUN
fsr-3856	21	23	dividend	dividend	NOUN
fsr-3856	21	24	even	even	ADV
fsr-3856	21	25	though	though	SCONJ
fsr-3856	21	26	its	its	PRON
fsr-3856	21	27	stock	stock	NOUN
fsr-3856	21	28	price	price	NOUN
fsr-3856	21	29	is	be	AUX
fsr-3856	21	30	falling	fall	VERB
fsr-3856	21	31	,	,	PUNCT
fsr-3856	21	32	the	the	DET
fsr-3856	21	33	dividend	dividend	NOUN
fsr-3856	21	34	yield	yield	NOUN
fsr-3856	21	35	must	must	AUX
fsr-3856	21	36	necessarily	necessarily	ADV
fsr-3856	21	37	rise	rise	VERB
fsr-3856	21	38	.	.	PUNCT
fsr-3856	22	1	thus	thus	ADV
fsr-3856	22	2	,	,	PUNCT
fsr-3856	22	3	a	a	DET
fsr-3856	22	4	high	high	ADJ
fsr-3856	22	5	dividend	dividend	NOUN
fsr-3856	22	6	yield	yield	NOUN
fsr-3856	22	7	may	may	AUX
fsr-3856	22	8	be	be	AUX
fsr-3856	22	9	a	a	DET
fsr-3856	22	10	proxy	proxy	NOUN
fsr-3856	22	11	for	for	ADP
fsr-3856	22	12	a	a	DET
fsr-3856	22	13	low	low	ADJ
fsr-3856	22	14	past	past	NOUN
fsr-3856	22	15	return	return	NOUN
fsr-3856	22	16	,	,	PUNCT
fsr-3856	22	17	and	and	CCONJ
fsr-3856	22	18	the	the	DET
fsr-3856	22	19	dow	dow	PROPN
fsr-3856	22	20	strategy	strategy	NOUN
fsr-3856	22	21	’s	’s	PART
fsr-3856	22	22	success	success	NOUN
fsr-3856	22	23	may	may	AUX
fsr-3856	22	24	be	be	AUX
fsr-3856	22	25	a	a	DET
fsr-3856	22	26	winner	winner	NOUN
fsr-3856	22	27	-	-	PUNCT
fsr-3856	22	28	loser	loser	NOUN
fsr-3856	22	29	phenomenon	phenomenon	NOUN
fsr-3856	22	30	rather	rather	ADV
fsr-3856	22	31	than	than	ADP
fsr-3856	22	32	a	a	DET
fsr-3856	22	33	yield	yield	NOUN
fsr-3856	22	34	effect	effect	NOUN
fsr-3856	22	35	.	.	PUNCT
fsr-3856	23	1	academic	academic	ADJ
fsr-3856	23	2	research	research	NOUN
fsr-3856	23	3	in	in	ADP
fsr-3856	23	4	market	market	NOUN
fsr-3856	23	5	overreaction	overreaction	NOUN
fsr-3856	23	6	can	can	AUX
fsr-3856	23	7	therefore	therefore	ADV
fsr-3856	23	8	provide	provide	VERB
fsr-3856	23	9	a	a	DET
fsr-3856	23	10	methodological	methodological	ADJ
fsr-3856	23	11	framework	framework	NOUN
fsr-3856	23	12	for	for	ADP
fsr-3856	23	13	examining	examine	VERB
fsr-3856	23	14	the	the	DET
fsr-3856	23	15	dds	dds	PROPN
fsr-3856	23	16	.	.	PUNCT
fsr-3856	24	1	this	this	DET
fsr-3856	24	2	paper	paper	NOUN
fsr-3856	24	3	examines	examine	VERB
fsr-3856	24	4	connections	connection	NOUN
fsr-3856	24	5	among	among	ADP
fsr-3856	24	6	past	past	ADJ
fsr-3856	24	7	returns	return	NOUN
fsr-3856	24	8	,	,	PUNCT
fsr-3856	24	9	dividend	dividend	NOUN
fsr-3856	24	10	yields	yield	NOUN
fsr-3856	24	11	,	,	PUNCT
fsr-3856	24	12	and	and	CCONJ
fsr-3856	24	13	future	future	ADJ
fsr-3856	24	14	returns	return	NOUN
fsr-3856	24	15	during	during	ADP
fsr-3856	24	16	1964	1964	NUM
fsr-3856	24	17	through	through	ADP
fsr-3856	24	18	1997	1997	NUM
fsr-3856	24	19	.	.	PUNCT
fsr-3856	25	1	our	our	PRON
fsr-3856	25	2	dds	dds	PROPN
fsr-3856	25	3	portfolios	portfolio	NOUN
fsr-3856	25	4	consist	consist	VERB
fsr-3856	25	5	of	of	ADP
fsr-3856	25	6	the	the	DET
fsr-3856	25	7	ten	ten	NUM
fsr-3856	25	8	highest	highest	ADV
fsr-3856	25	9	-	-	PUNCT
fsr-3856	25	10	yielding	yield	VERB
fsr-3856	25	11	djia	djia	PROPN
fsr-3856	25	12	stocks	stock	NOUN
fsr-3856	25	13	at	at	ADP
fsr-3856	25	14	the	the	DET
fsr-3856	25	15	start	start	NOUN
fsr-3856	25	16	of	of	ADP
fsr-3856	25	17	each	each	DET
fsr-3856	25	18	year	year	NOUN
fsr-3856	25	19	,	,	PUNCT
fsr-3856	25	20	and	and	CCONJ
fsr-3856	25	21	we	we	PRON
fsr-3856	25	22	also	also	ADV
fsr-3856	25	23	analyze	analyze	VERB
fsr-3856	25	24	portfolios	portfolio	NOUN
fsr-3856	25	25	of	of	ADP
fsr-3856	25	26	the	the	DET
fsr-3856	25	27	ten	ten	NUM
fsr-3856	25	28	lowest	lowest	ADV
fsr-3856	25	29	-	-	PUNCT
fsr-3856	25	30	yielding	yield	VERB
fsr-3856	25	31	stocks	stock	NOUN
fsr-3856	25	32	.	.	PUNCT
fsr-3856	26	1	to	to	PART
fsr-3856	26	2	exclude	exclude	VERB
fsr-3856	26	3	the	the	DET
fsr-3856	26	4	effects	effect	NOUN
fsr-3856	26	5	of	of	ADP
fsr-3856	26	6	the	the	DET
fsr-3856	26	7	1987	1987	NUM
fsr-3856	26	8	stock	stock	NOUN
fsr-3856	26	9	market	market	NOUN
fsr-3856	26	10	crash	crash	NOUN
fsr-3856	26	11	,	,	PUNCT
fsr-3856	26	12	we	we	PRON
fsr-3856	26	13	examine	examine	VERB
fsr-3856	26	14	results	result	NOUN
fsr-3856	26	15	over	over	ADP
fsr-3856	26	16	1964–1986	1964–1986	NUM
fsr-3856	26	17	and	and	CCONJ
fsr-3856	26	18	1989–1997	1989–1997	NUM
fsr-3856	26	19	in	in	ADP
fsr-3856	26	20	addition	addition	NOUN
fsr-3856	26	21	to	to	ADP
fsr-3856	26	22	the	the	DET
fsr-3856	26	23	full	full	ADJ
fsr-3856	26	24	sample	sample	NOUN
fsr-3856	26	25	.	.	PUNCT
fsr-3856	27	1	the	the	DET
fsr-3856	27	2	post	post	ADJ
fsr-3856	27	3	-	-	ADJ
fsr-3856	27	4	crash	crash	ADJ
fsr-3856	27	5	subsample	subsample	NOUN
fsr-3856	27	6	also	also	ADV
fsr-3856	27	7	represents	represent	VERB
fsr-3856	27	8	a	a	DET
fsr-3856	27	9	period	period	NOUN
fsr-3856	27	10	when	when	SCONJ
fsr-3856	27	11	the	the	DET
fsr-3856	27	12	dds	dds	PROPN
fsr-3856	27	13	became	became	AUX
fsr-3856	27	14	widely	widely	ADV
fsr-3856	27	15	known	know	VERB
fsr-3856	27	16	in	in	ADP
fsr-3856	27	17	the	the	DET
fsr-3856	27	18	popular	popular	ADJ
fsr-3856	27	19	press	press	NOUN
fsr-3856	27	20	.	.	PUNCT
fsr-3856	28	1	the	the	DET
fsr-3856	28	2	paper	paper	NOUN
fsr-3856	28	3	is	be	AUX
fsr-3856	28	4	organized	organize	VERB
fsr-3856	28	5	as	as	SCONJ
fsr-3856	28	6	follows	follow	VERB
fsr-3856	28	7	.	.	PUNCT
fsr-3856	29	1	section	section	NOUN
fsr-3856	29	2	1	1	NUM
fsr-3856	29	3	presents	present	NOUN
fsr-3856	29	4	claims	claim	NOUN
fsr-3856	29	5	which	which	PRON
fsr-3856	29	6	have	have	AUX
fsr-3856	29	7	been	be	AUX
fsr-3856	29	8	made	make	VERB
fsr-3856	29	9	about	about	ADP
fsr-3856	29	10	the	the	DET
fsr-3856	29	11	dow	dow	PROPN
fsr-3856	29	12	dividend	dividend	NOUN
fsr-3856	29	13	strategy	strategy	NOUN
fsr-3856	29	14	.	.	PUNCT
fsr-3856	30	1	section	section	NOUN
fsr-3856	30	2	2	2	NUM
fsr-3856	30	3	reviews	review	VERB
fsr-3856	30	4	the	the	DET
fsr-3856	30	5	market	market	NOUN
fsr-3856	30	6	overreaction	overreaction	NOUN
fsr-3856	30	7	literature	literature	NOUN
fsr-3856	30	8	.	.	PUNCT
fsr-3856	31	1	the	the	DET
fsr-3856	31	2	methodology	methodology	NOUN
fsr-3856	31	3	employed	employ	VERB
fsr-3856	31	4	is	be	AUX
fsr-3856	31	5	discussed	discuss	VERB
fsr-3856	31	6	in	in	ADP
fsr-3856	31	7	section	section	NOUN
fsr-3856	31	8	3	3	NUM
fsr-3856	31	9	.	.	PUNCT
fsr-3856	32	1	our	our	PRON
fsr-3856	32	2	tests	test	NOUN
fsr-3856	32	3	for	for	ADP
fsr-3856	32	4	overreaction	overreaction	NOUN
fsr-3856	32	5	among	among	ADP
fsr-3856	32	6	the	the	DET
fsr-3856	32	7	djia	djia	PROPN
fsr-3856	32	8	stocks	stock	NOUN
fsr-3856	32	9	are	be	AUX
fsr-3856	32	10	presented	present	VERB
fsr-3856	32	11	in	in	ADP
fsr-3856	32	12	section	section	NOUN
fsr-3856	32	13	4	4	NUM
fsr-3856	32	14	.	.	PUNCT
fsr-3856	32	15	concluding	conclude	VERB
fsr-3856	32	16	remarks	remark	NOUN
fsr-3856	32	17	are	be	AUX
fsr-3856	32	18	made	make	VERB
fsr-3856	32	19	in	in	ADP
fsr-3856	32	20	section	section	NOUN
fsr-3856	32	21	5	5	NUM
fsr-3856	32	22	.	.	NOUN
fsr-3856	33	1	2	2	NUM
fsr-3856	33	2	.	.	X
fsr-3856	34	1	the	the	DET
fsr-3856	34	2	dow	dow	PROPN
fsr-3856	34	3	dividend	dividend	NOUN
fsr-3856	34	4	strategy	strategy	NOUN
fsr-3856	34	5	one	one	NUM
fsr-3856	34	6	of	of	ADP
fsr-3856	34	7	the	the	DET
fsr-3856	34	8	first	first	ADJ
fsr-3856	34	9	reports	report	NOUN
fsr-3856	34	10	of	of	ADP
fsr-3856	34	11	the	the	DET
fsr-3856	34	12	superior	superior	ADJ
fsr-3856	34	13	performance	performance	NOUN
fsr-3856	34	14	of	of	ADP
fsr-3856	34	15	high	high	ADV
fsr-3856	34	16	-	-	PUNCT
fsr-3856	34	17	yielding	yield	VERB
fsr-3856	34	18	djia	djia	PROPN
fsr-3856	34	19	stocks	stock	NOUN
fsr-3856	34	20	appeared	appear	VERB
fsr-3856	34	21	in	in	ADP
fsr-3856	34	22	the	the	DET
fsr-3856	34	23	wall	wall	PROPN
fsr-3856	34	24	street	street	PROPN
fsr-3856	34	25	journalon	journalon	PROPN
fsr-3856	34	26	august	august	PROPN
fsr-3856	34	27	11	11	NUM
fsr-3856	34	28	,	,	PUNCT
fsr-3856	34	29	1988	1988	NUM
fsr-3856	34	30	.	.	PUNCT
fsr-3856	35	1	john	john	PROPN
fsr-3856	35	2	slatter	slatter	PROPN
fsr-3856	35	3	,	,	PUNCT
fsr-3856	35	4	an	an	DET
fsr-3856	35	5	analyst	analyst	NOUN
fsr-3856	35	6	with	with	ADP
fsr-3856	35	7	prescott	prescott	PROPN
fsr-3856	35	8	,	,	PUNCT
fsr-3856	35	9	ball	ball	PROPN
fsr-3856	35	10	&	&	CCONJ
fsr-3856	35	11	turben	turben	PROPN
fsr-3856	35	12	,	,	PUNCT
fsr-3856	35	13	inc	inc	PROPN
fsr-3856	35	14	.	.	PROPN
fsr-3856	35	15	,	,	PUNCT
fsr-3856	35	16	examined	examine	VERB
fsr-3856	35	17	the	the	DET
fsr-3856	35	18	total	total	ADJ
fsr-3856	35	19	returns	return	NOUN
fsr-3856	35	20	of	of	ADP
fsr-3856	35	21	the	the	DET
fsr-3856	35	22	ten	ten	NUM
fsr-3856	35	23	highest	high	ADJ
fsr-3856	35	24	dividend	dividend	NOUN
fsr-3856	35	25	yielding	yield	VERB
fsr-3856	35	26	dow	dow	NOUN
fsr-3856	35	27	stocks	stock	NOUN
fsr-3856	35	28	for	for	ADP
fsr-3856	35	29	the	the	DET
fsr-3856	35	30	years	year	NOUN
fsr-3856	35	31	1973	1973	NUM
fsr-3856	35	32	through	through	ADP
fsr-3856	35	33	1988	1988	NUM
fsr-3856	35	34	and	and	CCONJ
fsr-3856	35	35	found	find	VERB
fsr-3856	35	36	that	that	SCONJ
fsr-3856	35	37	they	they	PRON
fsr-3856	35	38	outperformed	outperform	VERB
fsr-3856	35	39	the	the	DET
fsr-3856	35	40	djia	djia	PROPN
fsr-3856	35	41	overall	overall	ADJ
fsr-3856	35	42	.	.	PUNCT
fsr-3856	36	1	expanded	expand	VERB
fsr-3856	36	2	studies	study	NOUN
fsr-3856	36	3	subsequently	subsequently	ADV
fsr-3856	36	4	appeared	appear	VERB
fsr-3856	36	5	in	in	ADP
fsr-3856	36	6	books	book	NOUN
fsr-3856	36	7	by	by	ADP
fsr-3856	36	8	o’higgins	o’higgin	NOUN
fsr-3856	36	9	and	and	CCONJ
fsr-3856	36	10	downes	downe	NOUN
fsr-3856	36	11	(	(	PUNCT
fsr-3856	36	12	1991	1991	NUM
fsr-3856	36	13	)	)	PUNCT
fsr-3856	36	14	and	and	CCONJ
fsr-3856	36	15	knowles	knowle	NOUN
fsr-3856	36	16	and	and	CCONJ
fsr-3856	36	17	petty	petty	ADJ
fsr-3856	36	18	(	(	PUNCT
fsr-3856	36	19	1992	1992	NUM
fsr-3856	36	20	)	)	PUNCT
fsr-3856	36	21	.	.	PUNCT
fsr-3856	37	1	these	these	DET
fsr-3856	37	2	studies	study	NOUN
fsr-3856	37	3	continued	continue	VERB
fsr-3856	37	4	to	to	PART
fsr-3856	37	5	show	show	VERB
fsr-3856	37	6	superior	superior	ADJ
fsr-3856	37	7	returns	return	NOUN
fsr-3856	37	8	from	from	ADP
fsr-3856	37	9	the	the	DET
fsr-3856	37	10	dds	dds	PROPN
fsr-3856	37	11	since	since	SCONJ
fsr-3856	37	12	1973	1973	NUM
fsr-3856	37	13	.	.	PUNCT
fsr-3856	38	1	knowles	knowle	NOUN
fsr-3856	38	2	and	and	CCONJ
fsr-3856	38	3	petty	petty	NOUN
fsr-3856	38	4	also	also	ADV
fsr-3856	38	5	showed	show	VERB
fsr-3856	38	6	that	that	SCONJ
fsr-3856	38	7	the	the	DET
fsr-3856	38	8	ten	ten	NUM
fsr-3856	38	9	highest	highest	ADV
fsr-3856	38	10	-	-	PUNCT
fsr-3856	38	11	yielding	yield	VERB
fsr-3856	38	12	stocks	stock	NOUN
fsr-3856	38	13	outperformed	outperform	VERB
fsr-3856	38	14	the	the	DET
fsr-3856	38	15	dow	dow	NOUN
fsr-3856	38	16	over	over	ADP
fsr-3856	38	17	a	a	DET
fsr-3856	38	18	longer	long	ADJ
fsr-3856	38	19	period	period	NOUN
fsr-3856	38	20	of	of	ADP
fsr-3856	38	21	time	time	NOUN
fsr-3856	38	22	from	from	ADP
fsr-3856	38	23	1957	1957	NUM
fsr-3856	38	24	through	through	ADP
fsr-3856	38	25	1991	1991	NUM
fsr-3856	38	26	.	.	PUNCT
fsr-3856	39	1	several	several	ADJ
fsr-3856	39	2	major	major	ADJ
fsr-3856	39	3	brokerage	brokerage	NOUN
fsr-3856	39	4	firms	firm	NOUN
fsr-3856	39	5	,	,	PUNCT
fsr-3856	39	6	including	include	VERB
fsr-3856	39	7	merrill	merrill	PROPN
fsr-3856	39	8	lynch	lynch	PROPN
fsr-3856	39	9	,	,	PUNCT
fsr-3856	39	10	prudential	prudential	PROPN
fsr-3856	39	11	securities	securities	PROPN
fsr-3856	39	12	,	,	PUNCT
fsr-3856	39	13	and	and	CCONJ
fsr-3856	39	14	dean	dean	PROPN
fsr-3856	39	15	witter	witter	PROPN
fsr-3856	39	16	,	,	PUNCT
fsr-3856	39	17	followed	follow	VERB
fsr-3856	39	18	up	up	ADP
fsr-3856	39	19	with	with	ADP
fsr-3856	39	20	their	their	PRON
fsr-3856	39	21	own	own	ADJ
fsr-3856	39	22	studies	study	NOUN
fsr-3856	39	23	which	which	PRON
fsr-3856	39	24	provided	provide	VERB
fsr-3856	39	25	further	further	ADJ
fsr-3856	39	26	empirical	empirical	ADJ
fsr-3856	39	27	evidence	evidence	NOUN
fsr-3856	39	28	to	to	PART
fsr-3856	39	29	support	support	VERB
fsr-3856	39	30	the	the	DET
fsr-3856	39	31	earlier	early	ADJ
fsr-3856	39	32	results	result	NOUN
fsr-3856	39	33	.	.	PUNCT
fsr-3856	40	1	table	table	NOUN
fsr-3856	40	2	1	1	NUM
fsr-3856	40	3	summarizes	summarize	NOUN
fsr-3856	40	4	the	the	DET
fsr-3856	40	5	average	average	ADJ
fsr-3856	40	6	annual	annual	ADJ
fsr-3856	40	7	returns	return	NOUN
fsr-3856	40	8	of	of	ADP
fsr-3856	40	9	the	the	DET
fsr-3856	40	10	ten	ten	NUM
fsr-3856	40	11	highest	highest	ADV
fsr-3856	40	12	-	-	PUNCT
fsr-3856	40	13	yielding	yield	VERB
fsr-3856	40	14	stocks	stock	NOUN
fsr-3856	40	15	compared	compare	VERB
fsr-3856	40	16	to	to	ADP
fsr-3856	40	17	the	the	DET
fsr-3856	40	18	dow	dow	PROPN
fsr-3856	40	19	average	average	NOUN
fsr-3856	40	20	,	,	PUNCT
fsr-3856	40	21	as	as	SCONJ
fsr-3856	40	22	reported	report	VERB
fsr-3856	40	23	by	by	ADP
fsr-3856	40	24	various	various	ADJ
fsr-3856	40	25	studies	study	NOUN
fsr-3856	40	26	.	.	PUNCT
fsr-3856	41	1	table	table	NOUN
fsr-3856	41	2	1	1	NUM
fsr-3856	41	3	reported	report	VERB
fsr-3856	41	4	returns	return	NOUN
fsr-3856	41	5	from	from	ADP
fsr-3856	41	6	the	the	DET
fsr-3856	41	7	dow	dow	PROPN
fsr-3856	41	8	dividend	dividend	NOUN
fsr-3856	41	9	strategy	strategy	NOUN
fsr-3856	41	10	study	study	NOUN
fsr-3856	41	11	period	period	NOUN
fsr-3856	41	12	return	return	NOUN
fsr-3856	41	13	on	on	ADP
fsr-3856	41	14	10	10	NUM
fsr-3856	41	15	highest	high	ADJ
fsr-3856	41	16	yielding	yield	VERB
fsr-3856	41	17	stocks	stock	NOUN
fsr-3856	41	18	return	return	VERB
fsr-3856	41	19	on	on	ADP
fsr-3856	41	20	dow	dow	PROPN
fsr-3856	41	21	jones	jones	PROPN
fsr-3856	41	22	industrial	industrial	PROPN
fsr-3856	41	23	average	average	PROPN
fsr-3856	41	24	slatter	slatter	NOUN
fsr-3856	41	25	1973–1988	1973–1988	NUM
fsr-3856	41	26	18.39	18.39	NUM
fsr-3856	41	27	%	%	NOUN
fsr-3856	41	28	10.86	10.86	NUM
fsr-3856	41	29	%	%	NOUN
fsr-3856	41	30	knowles	knowle	NOUN
fsr-3856	41	31	and	and	CCONJ
fsr-3856	41	32	petty	petty	ADJ
fsr-3856	42	1	1973–1990	1973–1990	NUM
fsr-3856	42	2	17.81	17.81	NUM
fsr-3856	42	3	%	%	NOUN
fsr-3856	42	4	11.41	11.41	NUM
fsr-3856	42	5	%	%	NOUN
fsr-3856	42	6	o’higgins	o’higgin	NOUN
fsr-3856	42	7	and	and	CCONJ
fsr-3856	42	8	downes	downe	NOUN
fsr-3856	42	9	1973–1991	1973–1991	NUM
fsr-3856	42	10	16.61	16.61	NUM
fsr-3856	42	11	%	%	NOUN
fsr-3856	42	12	10.43	10.43	NUM
fsr-3856	42	13	%	%	NOUN
fsr-3856	42	14	prudential	prudential	ADJ
fsr-3856	42	15	securities	security	NOUN
fsr-3856	42	16	1973–1992	1973–1992	NUM
fsr-3856	42	17	16.06	16.06	NUM
fsr-3856	42	18	%	%	NOUN
fsr-3856	42	19	10.91	10.91	NUM
fsr-3856	42	20	%	%	NOUN
fsr-3856	42	21	average	average	ADJ
fsr-3856	42	22	annual	annual	ADJ
fsr-3856	42	23	returns	return	NOUN
fsr-3856	42	24	from	from	ADP
fsr-3856	42	25	the	the	DET
fsr-3856	42	26	ten	ten	NUM
fsr-3856	42	27	highest	high	ADJ
fsr-3856	42	28	yielding	yield	VERB
fsr-3856	42	29	dow	dow	PROPN
fsr-3856	42	30	stocks	stock	NOUN
fsr-3856	42	31	are	be	AUX
fsr-3856	42	32	compared	compare	VERB
fsr-3856	42	33	to	to	ADP
fsr-3856	42	34	annual	annual	ADJ
fsr-3856	42	35	returns	return	NOUN
fsr-3856	42	36	on	on	ADP
fsr-3856	42	37	the	the	DET
fsr-3856	42	38	entire	entire	ADJ
fsr-3856	42	39	dow	dow	PROPN
fsr-3856	42	40	jones	jones	PROPN
fsr-3856	42	41	industrial	industrial	PROPN
fsr-3856	42	42	average	average	PROPN
fsr-3856	42	43	.	.	PUNCT
fsr-3856	43	1	the	the	DET
fsr-3856	43	2	returns	return	NOUN
fsr-3856	43	3	include	include	VERB
fsr-3856	43	4	the	the	DET
fsr-3856	43	5	reinvestment	reinvestment	NOUN
fsr-3856	43	6	of	of	ADP
fsr-3856	43	7	dividends	dividend	NOUN
fsr-3856	43	8	.	.	PUNCT
fsr-3856	44	1	146	146	NUM
fsr-3856	44	2	d.l	d.l	PROPN
fsr-3856	44	3	.	.	PROPN
fsr-3856	45	1	domian	domian	PROPN
fsr-3856	45	2	et	et	PROPN
fsr-3856	45	3	al	al	PROPN
fsr-3856	45	4	.	.	PUNCT
fsr-3856	45	5	/	/	SYM
fsr-3856	45	6	financial	financial	ADJ
fsr-3856	45	7	services	service	NOUN
fsr-3856	45	8	review	review	VERB
fsr-3856	45	9	7	7	NUM
fsr-3856	45	10	(	(	PUNCT
fsr-3856	45	11	1998	1998	NUM
fsr-3856	45	12	)	)	PUNCT
fsr-3856	46	1	145–159	145–159	NUM
fsr-3856	46	2	prompted	prompt	VERB
fsr-3856	46	3	by	by	ADP
fsr-3856	46	4	this	this	DET
fsr-3856	46	5	evidence	evidence	NOUN
fsr-3856	46	6	,	,	PUNCT
fsr-3856	46	7	merrill	merrill	PROPN
fsr-3856	46	8	lynch	lynch	PROPN
fsr-3856	46	9	,	,	PUNCT
fsr-3856	46	10	prudential	prudential	PROPN
fsr-3856	46	11	securities	securities	PROPN
fsr-3856	46	12	,	,	PUNCT
fsr-3856	46	13	and	and	CCONJ
fsr-3856	46	14	painewebber	painewebber	PROPN
fsr-3856	46	15	cosponsored	cosponsor	VERB
fsr-3856	46	16	a	a	DET
fsr-3856	46	17	unit	unit	NOUN
fsr-3856	46	18	investment	investment	NOUN
fsr-3856	46	19	trust	trust	NOUN
fsr-3856	46	20	(	(	PUNCT
fsr-3856	46	21	uit	uit	PROPN
fsr-3856	46	22	)	)	PUNCT
fsr-3856	46	23	called	call	VERB
fsr-3856	46	24	the	the	DET
fsr-3856	46	25	defined	define	VERB
fsr-3856	46	26	assets	asset	NOUN
fsr-3856	46	27	fund	fund	NOUN
fsr-3856	46	28	select	select	ADJ
fsr-3856	46	29	ten	ten	NUM
fsr-3856	46	30	portfolio	portfolio	NOUN
fsr-3856	46	31	,	,	PUNCT
fsr-3856	46	32	based	base	VERB
fsr-3856	46	33	on	on	ADP
fsr-3856	46	34	the	the	DET
fsr-3856	46	35	dow	dow	PROPN
fsr-3856	46	36	dividend	dividend	NOUN
fsr-3856	46	37	strategy	strategy	NOUN
fsr-3856	46	38	.	.	PUNCT
fsr-3856	47	1	this	this	DET
fsr-3856	47	2	type	type	NOUN
fsr-3856	47	3	of	of	ADP
fsr-3856	47	4	fund	fund	NOUN
fsr-3856	47	5	is	be	AUX
fsr-3856	47	6	attractive	attractive	ADJ
fsr-3856	47	7	to	to	ADP
fsr-3856	47	8	the	the	DET
fsr-3856	47	9	sponsors	sponsor	NOUN
fsr-3856	47	10	because	because	SCONJ
fsr-3856	47	11	of	of	ADP
fsr-3856	47	12	the	the	DET
fsr-3856	47	13	low	low	ADJ
fsr-3856	47	14	cost	cost	NOUN
fsr-3856	47	15	of	of	ADP
fsr-3856	47	16	implementing	implement	VERB
fsr-3856	47	17	and	and	CCONJ
fsr-3856	47	18	administering	administer	VERB
fsr-3856	47	19	such	such	DET
fsr-3856	47	20	a	a	DET
fsr-3856	47	21	simple	simple	ADJ
fsr-3856	47	22	investment	investment	NOUN
fsr-3856	47	23	strategy	strategy	NOUN
fsr-3856	47	24	.	.	PUNCT
fsr-3856	48	1	no	no	DET
fsr-3856	48	2	large	large	ADJ
fsr-3856	48	3	staff	staff	NOUN
fsr-3856	48	4	of	of	ADP
fsr-3856	48	5	highly	highly	ADV
fsr-3856	48	6	paid	pay	VERB
fsr-3856	48	7	research	research	NOUN
fsr-3856	48	8	analysts	analyst	NOUN
fsr-3856	48	9	is	be	AUX
fsr-3856	48	10	required	require	VERB
fsr-3856	48	11	and	and	CCONJ
fsr-3856	48	12	because	because	SCONJ
fsr-3856	48	13	these	these	DET
fsr-3856	48	14	funds	fund	NOUN
fsr-3856	48	15	are	be	AUX
fsr-3856	48	16	set	set	VERB
fsr-3856	48	17	up	up	ADP
fsr-3856	48	18	as	as	ADP
fsr-3856	48	19	unit	unit	NOUN
fsr-3856	48	20	investment	investment	NOUN
fsr-3856	48	21	trusts	trust	NOUN
fsr-3856	48	22	,	,	PUNCT
fsr-3856	48	23	they	they	PRON
fsr-3856	48	24	are	be	AUX
fsr-3856	48	25	,	,	PUNCT
fsr-3856	48	26	by	by	ADP
fsr-3856	48	27	definition	definition	NOUN
fsr-3856	48	28	,	,	PUNCT
fsr-3856	48	29	unmanaged	unmanaged	ADJ
fsr-3856	48	30	.	.	PUNCT
fsr-3856	49	1	once	once	ADV
fsr-3856	49	2	the	the	DET
fsr-3856	49	3	portfolio	portfolio	NOUN
fsr-3856	49	4	of	of	ADP
fsr-3856	49	5	the	the	DET
fsr-3856	49	6	ten	ten	NUM
fsr-3856	49	7	highest	high	ADJ
fsr-3856	49	8	yielding	yield	VERB
fsr-3856	49	9	djia	djia	PROPN
fsr-3856	49	10	stocks	stock	NOUN
fsr-3856	49	11	is	be	AUX
fsr-3856	49	12	constructed	construct	VERB
fsr-3856	49	13	,	,	PUNCT
fsr-3856	49	14	it	it	PRON
fsr-3856	49	15	is	be	AUX
fsr-3856	49	16	not	not	PART
fsr-3856	49	17	changed	change	VERB
fsr-3856	49	18	during	during	ADP
fsr-3856	49	19	the	the	DET
fsr-3856	49	20	one	one	NUM
fsr-3856	49	21	-	-	PUNCT
fsr-3856	49	22	year	year	NOUN
fsr-3856	49	23	life	life	NOUN
fsr-3856	49	24	of	of	ADP
fsr-3856	49	25	the	the	DET
fsr-3856	49	26	fund	fund	NOUN
fsr-3856	49	27	.	.	PUNCT
fsr-3856	50	1	at	at	ADP
fsr-3856	50	2	the	the	DET
fsr-3856	50	3	end	end	NOUN
fsr-3856	50	4	of	of	ADP
fsr-3856	50	5	one	one	NUM
fsr-3856	50	6	year	year	NOUN
fsr-3856	50	7	,	,	PUNCT
fsr-3856	50	8	the	the	DET
fsr-3856	50	9	fund	fund	NOUN
fsr-3856	50	10	is	be	AUX
fsr-3856	50	11	liquidated	liquidate	VERB
fsr-3856	50	12	at	at	ADP
fsr-3856	50	13	a	a	DET
fsr-3856	50	14	price	price	NOUN
fsr-3856	50	15	determined	determine	VERB
fsr-3856	50	16	by	by	ADP
fsr-3856	50	17	the	the	DET
fsr-3856	50	18	market	market	NOUN
fsr-3856	50	19	values	value	NOUN
fsr-3856	50	20	of	of	ADP
fsr-3856	50	21	the	the	DET
fsr-3856	50	22	stocks	stock	NOUN
fsr-3856	50	23	as	as	ADP
fsr-3856	50	24	of	of	ADP
fsr-3856	50	25	the	the	DET
fsr-3856	50	26	termination	termination	NOUN
fsr-3856	50	27	date	date	NOUN
fsr-3856	50	28	.	.	PUNCT
fsr-3856	51	1	investors	investor	NOUN
fsr-3856	51	2	can	can	AUX
fsr-3856	51	3	choose	choose	VERB
fsr-3856	51	4	to	to	PART
fsr-3856	51	5	receive	receive	VERB
fsr-3856	51	6	the	the	DET
fsr-3856	51	7	proceeds	proceed	NOUN
fsr-3856	51	8	or	or	CCONJ
fsr-3856	51	9	roll	roll	VERB
fsr-3856	51	10	them	they	PRON
fsr-3856	51	11	over	over	ADP
fsr-3856	51	12	into	into	ADP
fsr-3856	51	13	a	a	DET
fsr-3856	51	14	new	new	ADJ
fsr-3856	51	15	uit	uit	NOUN
fsr-3856	51	16	at	at	ADP
fsr-3856	51	17	a	a	DET
fsr-3856	51	18	reduced	reduce	VERB
fsr-3856	51	19	commission	commission	NOUN
fsr-3856	51	20	charge	charge	NOUN
fsr-3856	51	21	.	.	PUNCT
fsr-3856	52	1	the	the	DET
fsr-3856	52	2	basic	basic	ADJ
fsr-3856	52	3	dow	dow	PROPN
fsr-3856	52	4	dividend	dividend	NOUN
fsr-3856	52	5	strategy	strategy	NOUN
fsr-3856	52	6	is	be	AUX
fsr-3856	52	7	straightforward	straightforward	ADJ
fsr-3856	52	8	and	and	CCONJ
fsr-3856	52	9	is	be	AUX
fsr-3856	52	10	executed	execute	VERB
fsr-3856	52	11	as	as	ADP
fsr-3856	52	12	follows	follow	VERB
fsr-3856	52	13	:	:	PUNCT
fsr-3856	52	14	step	step	NOUN
fsr-3856	52	15	1	1	NUM
fsr-3856	52	16	:	:	PUNCT
fsr-3856	52	17	select	select	VERB
fsr-3856	52	18	any	any	DET
fsr-3856	52	19	starting	starting	NOUN
fsr-3856	52	20	day	day	NOUN
fsr-3856	52	21	(	(	PUNCT
fsr-3856	52	22	the	the	DET
fsr-3856	52	23	first	first	ADJ
fsr-3856	52	24	trading	trading	NOUN
fsr-3856	52	25	day	day	NOUN
fsr-3856	52	26	of	of	ADP
fsr-3856	52	27	the	the	DET
fsr-3856	52	28	year	year	NOUN
fsr-3856	52	29	is	be	AUX
fsr-3856	52	30	most	most	ADV
fsr-3856	52	31	common	common	ADJ
fsr-3856	52	32	)	)	PUNCT
fsr-3856	52	33	and	and	CCONJ
fsr-3856	52	34	construct	construct	VERB
fsr-3856	52	35	an	an	DET
fsr-3856	52	36	equally	equally	ADV
fsr-3856	52	37	weighted	weight	VERB
fsr-3856	52	38	portfolio	portfolio	NOUN
fsr-3856	52	39	consisting	consist	VERB
fsr-3856	52	40	of	of	ADP
fsr-3856	52	41	the	the	DET
fsr-3856	52	42	ten	ten	NUM
fsr-3856	52	43	stocks	stock	NOUN
fsr-3856	52	44	in	in	ADP
fsr-3856	52	45	the	the	DET
fsr-3856	52	46	djia	djia	PROPN
fsr-3856	52	47	30	30	NUM
fsr-3856	52	48	with	with	ADP
fsr-3856	52	49	the	the	DET
fsr-3856	52	50	highest	high	ADJ
fsr-3856	52	51	current	current	ADJ
fsr-3856	52	52	dividend	dividend	NOUN
fsr-3856	52	53	yield	yield	NOUN
fsr-3856	52	54	.	.	PUNCT
fsr-3856	53	1	step	step	NOUN
fsr-3856	53	2	2	2	NUM
fsr-3856	53	3	:	:	PUNCT
fsr-3856	53	4	hold	hold	VERB
fsr-3856	53	5	the	the	DET
fsr-3856	53	6	portfolio	portfolio	NOUN
fsr-3856	53	7	for	for	ADP
fsr-3856	53	8	one	one	NUM
fsr-3856	53	9	year	year	NOUN
fsr-3856	53	10	.	.	PUNCT
fsr-3856	54	1	on	on	ADP
fsr-3856	54	2	the	the	DET
fsr-3856	54	3	anniversary	anniversary	NOUN
fsr-3856	54	4	date	date	NOUN
fsr-3856	54	5	,	,	PUNCT
fsr-3856	54	6	determine	determine	VERB
fsr-3856	54	7	the	the	DET
fsr-3856	54	8	total	total	ADJ
fsr-3856	54	9	value	value	NOUN
fsr-3856	54	10	of	of	ADP
fsr-3856	54	11	the	the	DET
fsr-3856	54	12	portfolio	portfolio	NOUN
fsr-3856	54	13	including	include	VERB
fsr-3856	54	14	all	all	DET
fsr-3856	54	15	dividends	dividend	NOUN
fsr-3856	54	16	and	and	CCONJ
fsr-3856	54	17	other	other	ADJ
fsr-3856	54	18	cash	cash	NOUN
fsr-3856	54	19	distributions	distribution	NOUN
fsr-3856	54	20	along	along	ADP
fsr-3856	54	21	with	with	ADP
fsr-3856	54	22	the	the	DET
fsr-3856	54	23	closing	close	VERB
fsr-3856	54	24	values	value	NOUN
fsr-3856	54	25	of	of	ADP
fsr-3856	54	26	the	the	DET
fsr-3856	54	27	stocks	stock	NOUN
fsr-3856	54	28	.	.	PUNCT
fsr-3856	55	1	rebalance	rebalance	VERB
fsr-3856	55	2	the	the	DET
fsr-3856	55	3	portfolio	portfolio	NOUN
fsr-3856	55	4	by	by	ADP
fsr-3856	55	5	investing	invest	VERB
fsr-3856	55	6	10	10	NUM
fsr-3856	55	7	%	%	NOUN
fsr-3856	55	8	of	of	ADP
fsr-3856	55	9	the	the	DET
fsr-3856	55	10	total	total	ADJ
fsr-3856	55	11	value	value	NOUN
fsr-3856	55	12	in	in	ADP
fsr-3856	55	13	each	each	PRON
fsr-3856	55	14	of	of	ADP
fsr-3856	55	15	the	the	DET
fsr-3856	55	16	ten	ten	NUM
fsr-3856	55	17	highest	high	ADJ
fsr-3856	55	18	yielding	yield	VERB
fsr-3856	55	19	djia	djia	PROPN
fsr-3856	55	20	stocks	stock	NOUN
fsr-3856	55	21	.	.	PUNCT
fsr-3856	56	1	stocks	stock	NOUN
fsr-3856	56	2	which	which	PRON
fsr-3856	56	3	have	have	AUX
fsr-3856	56	4	dropped	drop	VERB
fsr-3856	56	5	off	off	ADP
fsr-3856	56	6	the	the	DET
fsr-3856	56	7	top	top	ADJ
fsr-3856	56	8	-	-	PUNCT
fsr-3856	56	9	ten	ten	NUM
fsr-3856	56	10	yield	yield	NOUN
fsr-3856	56	11	list	list	NOUN
fsr-3856	56	12	should	should	AUX
fsr-3856	56	13	be	be	AUX
fsr-3856	56	14	sold	sell	VERB
fsr-3856	56	15	and	and	CCONJ
fsr-3856	56	16	replaced	replace	VERB
fsr-3856	56	17	with	with	ADP
fsr-3856	56	18	the	the	DET
fsr-3856	56	19	new	new	ADJ
fsr-3856	56	20	additions	addition	NOUN
fsr-3856	56	21	to	to	ADP
fsr-3856	56	22	the	the	DET
fsr-3856	56	23	list	list	NOUN
fsr-3856	56	24	.	.	PUNCT
fsr-3856	57	1	step	step	NOUN
fsr-3856	57	2	3	3	NUM
fsr-3856	57	3	:	:	PUNCT
fsr-3856	57	4	repeat	repeat	VERB
fsr-3856	57	5	the	the	DET
fsr-3856	57	6	process	process	NOUN
fsr-3856	57	7	on	on	ADP
fsr-3856	57	8	each	each	DET
fsr-3856	57	9	anniversary	anniversary	NOUN
fsr-3856	57	10	date	date	NOUN
fsr-3856	57	11	.	.	PUNCT
fsr-3856	58	1	while	while	SCONJ
fsr-3856	58	2	actual	actual	ADJ
fsr-3856	58	3	results	result	NOUN
fsr-3856	58	4	from	from	ADP
fsr-3856	58	5	various	various	ADJ
fsr-3856	58	6	studies	study	NOUN
fsr-3856	58	7	differ	differ	VERB
fsr-3856	58	8	depending	depend	VERB
fsr-3856	58	9	on	on	ADP
fsr-3856	58	10	starting	start	VERB
fsr-3856	58	11	dates	date	NOUN
fsr-3856	58	12	used	use	VERB
fsr-3856	58	13	and	and	CCONJ
fsr-3856	58	14	how	how	SCONJ
fsr-3856	58	15	dividend	dividend	NOUN
fsr-3856	58	16	yields	yield	NOUN
fsr-3856	58	17	are	be	AUX
fsr-3856	58	18	defined	define	VERB
fsr-3856	58	19	,	,	PUNCT
fsr-3856	58	20	all	all	PRON
fsr-3856	58	21	have	have	AUX
fsr-3856	58	22	arrived	arrive	VERB
fsr-3856	58	23	at	at	ADP
fsr-3856	58	24	similar	similar	ADJ
fsr-3856	58	25	conclusions	conclusion	NOUN
fsr-3856	58	26	about	about	ADP
fsr-3856	58	27	the	the	DET
fsr-3856	58	28	success	success	NOUN
fsr-3856	58	29	of	of	ADP
fsr-3856	58	30	the	the	DET
fsr-3856	58	31	dow	dow	PROPN
fsr-3856	58	32	dividend	dividend	NOUN
fsr-3856	58	33	strategy	strategy	NOUN
fsr-3856	58	34	.	.	PUNCT
fsr-3856	59	1	table	table	NOUN
fsr-3856	59	2	2	2	NUM
fsr-3856	59	3	shows	show	VERB
fsr-3856	59	4	an	an	DET
fsr-3856	59	5	annual	annual	ADJ
fsr-3856	59	6	comparison	comparison	NOUN
fsr-3856	59	7	of	of	ADP
fsr-3856	59	8	the	the	DET
fsr-3856	59	9	actual	actual	ADJ
fsr-3856	59	10	performance	performance	NOUN
fsr-3856	59	11	of	of	ADP
fsr-3856	59	12	the	the	DET
fsr-3856	59	13	djia	djia	PROPN
fsr-3856	59	14	and	and	CCONJ
fsr-3856	59	15	an	an	DET
fsr-3856	59	16	equally	equally	ADV
fsr-3856	59	17	weighted	weight	VERB
fsr-3856	59	18	portfolio	portfolio	NOUN
fsr-3856	59	19	of	of	ADP
fsr-3856	59	20	the	the	DET
fsr-3856	59	21	ten	ten	NUM
fsr-3856	59	22	highest	high	ADJ
fsr-3856	59	23	dividend	dividend	NOUN
fsr-3856	59	24	yielding	yield	VERB
fsr-3856	59	25	stocks	stock	NOUN
fsr-3856	59	26	as	as	SCONJ
fsr-3856	59	27	reported	report	VERB
fsr-3856	59	28	in	in	ADP
fsr-3856	59	29	a	a	DET
fsr-3856	59	30	uit	uit	NOUN
fsr-3856	59	31	prospectus	prospectus	NOUN
fsr-3856	59	32	(	(	PUNCT
fsr-3856	59	33	prudential	prudential	PROPN
fsr-3856	59	34	securities	security	NOUN
fsr-3856	59	35	,	,	PUNCT
fsr-3856	59	36	1993	1993	NUM
fsr-3856	59	37	)	)	PUNCT
fsr-3856	59	38	.	.	PUNCT
fsr-3856	60	1	results	result	NOUN
fsr-3856	60	2	are	be	AUX
fsr-3856	60	3	for	for	ADP
fsr-3856	60	4	the	the	DET
fsr-3856	60	5	20	20	NUM
fsr-3856	60	6	years	year	NOUN
fsr-3856	60	7	from	from	ADP
fsr-3856	60	8	january	january	PROPN
fsr-3856	60	9	1973	1973	NUM
fsr-3856	60	10	through	through	ADP
fsr-3856	60	11	december	december	PROPN
fsr-3856	60	12	1992	1992	NUM
fsr-3856	60	13	,	,	PUNCT
fsr-3856	60	14	assuming	assume	VERB
fsr-3856	60	15	that	that	SCONJ
fsr-3856	60	16	total	total	ADJ
fsr-3856	60	17	return	return	NOUN
fsr-3856	60	18	proceeds	proceed	NOUN
fsr-3856	60	19	are	be	AUX
fsr-3856	60	20	reinvested	reinveste	VERB
fsr-3856	60	21	at	at	ADP
fsr-3856	60	22	the	the	DET
fsr-3856	60	23	beginning	beginning	NOUN
fsr-3856	60	24	of	of	ADP
fsr-3856	60	25	each	each	DET
fsr-3856	60	26	calendar	calendar	NOUN
fsr-3856	60	27	year	year	NOUN
fsr-3856	60	28	in	in	ADP
fsr-3856	60	29	the	the	DET
fsr-3856	60	30	ten	ten	NUM
fsr-3856	60	31	highest	high	ADJ
fsr-3856	60	32	yielding	yield	VERB
fsr-3856	60	33	djia	djia	PROPN
fsr-3856	60	34	stocks	stock	NOUN
fsr-3856	60	35	in	in	ADP
fsr-3856	60	36	equal	equal	ADJ
fsr-3856	60	37	dollar	dollar	NOUN
fsr-3856	60	38	amounts	amount	NOUN
fsr-3856	60	39	(	(	PUNCT
fsr-3856	60	40	calculated	calculate	VERB
fsr-3856	60	41	on	on	ADP
fsr-3856	60	42	the	the	DET
fsr-3856	60	43	previous	previous	ADJ
fsr-3856	60	44	year	year	NOUN
fsr-3856	60	45	’s	’s	PART
fsr-3856	60	46	closing	close	VERB
fsr-3856	60	47	stock	stock	NOUN
fsr-3856	60	48	prices	price	NOUN
fsr-3856	60	49	)	)	PUNCT
fsr-3856	60	50	.	.	PUNCT
fsr-3856	61	1	results	result	NOUN
fsr-3856	61	2	do	do	AUX
fsr-3856	61	3	not	not	PART
fsr-3856	61	4	include	include	VERB
fsr-3856	61	5	transaction	transaction	NOUN
fsr-3856	61	6	costs	cost	NOUN
fsr-3856	61	7	or	or	CCONJ
fsr-3856	61	8	taxes	taxis	NOUN
fsr-3856	61	9	.	.	PUNCT
fsr-3856	62	1	the	the	DET
fsr-3856	62	2	dds	dds	PROPN
fsr-3856	62	3	portfolios	portfolio	NOUN
fsr-3856	62	4	had	have	VERB
fsr-3856	62	5	an	an	DET
fsr-3856	62	6	average	average	ADJ
fsr-3856	62	7	annual	annual	ADJ
fsr-3856	62	8	total	total	ADJ
fsr-3856	62	9	return	return	NOUN
fsr-3856	62	10	of	of	ADP
fsr-3856	62	11	16.06	16.06	NUM
fsr-3856	62	12	%	%	NOUN
fsr-3856	62	13	versus	versus	ADP
fsr-3856	62	14	10.91	10.91	NUM
fsr-3856	62	15	%	%	NOUN
fsr-3856	62	16	for	for	ADP
fsr-3856	62	17	the	the	DET
fsr-3856	62	18	djia	djia	PROPN
fsr-3856	62	19	.	.	PROPN
fsr-3856	63	1	3	3	X
fsr-3856	63	2	.	.	X
fsr-3856	63	3	market	market	NOUN
fsr-3856	63	4	overreaction	overreaction	NOUN
fsr-3856	63	5	the	the	DET
fsr-3856	63	6	literature	literature	NOUN
fsr-3856	63	7	relating	relate	VERB
fsr-3856	63	8	dividend	dividend	NOUN
fsr-3856	63	9	yields	yield	NOUN
fsr-3856	63	10	and	and	CCONJ
fsr-3856	63	11	stock	stock	NOUN
fsr-3856	63	12	returns	return	NOUN
fsr-3856	63	13	is	be	AUX
fsr-3856	63	14	extensive	extensive	ADJ
fsr-3856	63	15	and	and	CCONJ
fsr-3856	63	16	well	well	ADV
fsr-3856	63	17	established	establish	VERB
fsr-3856	63	18	;	;	PUNCT
fsr-3856	63	19	see	see	VERB
fsr-3856	63	20	,	,	PUNCT
fsr-3856	63	21	i.e.	i.e.	X
fsr-3856	63	22	,	,	PUNCT
fsr-3856	63	23	elton	elton	PROPN
fsr-3856	63	24	and	and	CCONJ
fsr-3856	63	25	gruber	gruber	PROPN
fsr-3856	63	26	(	(	PUNCT
fsr-3856	63	27	1970	1970	NUM
fsr-3856	63	28	)	)	PUNCT
fsr-3856	63	29	;	;	PUNCT
fsr-3856	63	30	black	black	ADJ
fsr-3856	63	31	and	and	CCONJ
fsr-3856	63	32	scholes	schole	NOUN
fsr-3856	63	33	(	(	PUNCT
fsr-3856	63	34	1974	1974	NUM
fsr-3856	63	35	)	)	PUNCT
fsr-3856	63	36	;	;	PUNCT
fsr-3856	63	37	black	black	ADJ
fsr-3856	63	38	(	(	PUNCT
fsr-3856	63	39	1976	1976	NUM
fsr-3856	63	40	)	)	PUNCT
fsr-3856	63	41	;	;	PUNCT
fsr-3856	63	42	miller	miller	PROPN
fsr-3856	63	43	and	and	CCONJ
fsr-3856	63	44	scholes	schole	NOUN
fsr-3856	63	45	(	(	PUNCT
fsr-3856	63	46	1978	1978	NUM
fsr-3856	63	47	)	)	PUNCT
fsr-3856	63	48	;	;	PUNCT
fsr-3856	63	49	litzenberger	litzenberger	NOUN
fsr-3856	63	50	and	and	CCONJ
fsr-3856	63	51	ramaswamy	ramaswamy	ADJ
fsr-3856	63	52	(	(	PUNCT
fsr-3856	63	53	1979	1979	NUM
fsr-3856	63	54	)	)	PUNCT
fsr-3856	63	55	;	;	PUNCT
fsr-3856	63	56	blume	blume	PROPN
fsr-3856	63	57	(	(	PUNCT
fsr-3856	63	58	1980	1980	NUM
fsr-3856	63	59	)	)	PUNCT
fsr-3856	63	60	;	;	PUNCT
fsr-3856	63	61	christie	christie	NOUN
fsr-3856	63	62	(	(	PUNCT
fsr-3856	63	63	1990	1990	NUM
fsr-3856	63	64	)	)	PUNCT
fsr-3856	63	65	.	.	PUNCT
fsr-3856	64	1	in	in	ADP
fsr-3856	64	2	contrast	contrast	NOUN
fsr-3856	64	3	,	,	PUNCT
fsr-3856	64	4	studies	study	NOUN
fsr-3856	64	5	of	of	ADP
fsr-3856	64	6	market	market	NOUN
fsr-3856	64	7	overreaction	overreaction	NOUN
fsr-3856	64	8	are	be	AUX
fsr-3856	64	9	more	more	ADV
fsr-3856	64	10	recent	recent	ADJ
fsr-3856	64	11	.	.	PUNCT
fsr-3856	65	1	de	de	X
fsr-3856	65	2	bondt	bondt	NOUN
fsr-3856	65	3	and	and	CCONJ
fsr-3856	65	4	thaler	thaler	PROPN
fsr-3856	65	5	(	(	PUNCT
fsr-3856	65	6	1985	1985	NUM
fsr-3856	65	7	)	)	PUNCT
fsr-3856	65	8	examine	examine	VERB
fsr-3856	65	9	the	the	DET
fsr-3856	65	10	question	question	NOUN
fsr-3856	65	11	of	of	ADP
fsr-3856	65	12	stock	stock	NOUN
fsr-3856	65	13	price	price	NOUN
fsr-3856	65	14	predictability	predictability	NOUN
fsr-3856	65	15	in	in	ADP
fsr-3856	65	16	terms	term	NOUN
fsr-3856	65	17	of	of	ADP
fsr-3856	65	18	earlier	early	ADJ
fsr-3856	65	19	work	work	NOUN
fsr-3856	65	20	in	in	ADP
fsr-3856	65	21	experimental	experimental	ADJ
fsr-3856	65	22	psychology	psychology	NOUN
fsr-3856	65	23	.	.	PUNCT
fsr-3856	66	1	the	the	DET
fsr-3856	66	2	overreaction	overreaction	NOUN
fsr-3856	66	3	hypothesis	hypothesis	NOUN
fsr-3856	66	4	states	state	VERB
fsr-3856	66	5	that	that	SCONJ
fsr-3856	66	6	the	the	DET
fsr-3856	66	7	behavioral	behavioral	ADJ
fsr-3856	66	8	tendency	tendency	NOUN
fsr-3856	66	9	of	of	ADP
fsr-3856	66	10	people	people	NOUN
fsr-3856	66	11	to	to	PART
fsr-3856	66	12	“	"	PUNCT
fsr-3856	66	13	overreact	overreact	VERB
fsr-3856	66	14	”	"	PUNCT
fsr-3856	66	15	to	to	ADP
fsr-3856	66	16	surprises	surprise	NOUN
fsr-3856	66	17	extends	extend	VERB
fsr-3856	66	18	to	to	ADP
fsr-3856	66	19	the	the	DET
fsr-3856	66	20	way	way	NOUN
fsr-3856	66	21	stock	stock	NOUN
fsr-3856	66	22	prices	price	NOUN
fsr-3856	66	23	are	be	AUX
fsr-3856	66	24	determined	determine	VERB
fsr-3856	66	25	.	.	PUNCT
fsr-3856	67	1	in	in	ADP
fsr-3856	67	2	particular	particular	ADJ
fsr-3856	67	3	,	,	PUNCT
fsr-3856	67	4	it	it	PRON
fsr-3856	67	5	suggests	suggest	VERB
fsr-3856	67	6	that	that	SCONJ
fsr-3856	67	7	stock	stock	NOUN
fsr-3856	67	8	prices	price	NOUN
fsr-3856	67	9	systematically	systematically	ADV
fsr-3856	67	10	overshoot	overshoot	NOUN
fsr-3856	67	11	because	because	SCONJ
fsr-3856	67	12	individuals	individual	NOUN
fsr-3856	67	13	focus	focus	VERB
fsr-3856	67	14	excessively	excessively	ADV
fsr-3856	67	15	on	on	ADP
fsr-3856	67	16	147d.l	147d.l	NUM
fsr-3856	67	17	.	.	PUNCT
fsr-3856	68	1	domian	domian	PROPN
fsr-3856	68	2	et	et	PROPN
fsr-3856	68	3	al	al	PROPN
fsr-3856	68	4	.	.	PUNCT
fsr-3856	68	5	/	/	SYM
fsr-3856	68	6	financial	financial	ADJ
fsr-3856	68	7	services	service	NOUN
fsr-3856	68	8	review	review	VERB
fsr-3856	68	9	7	7	NUM
fsr-3856	68	10	(	(	PUNCT
fsr-3856	68	11	1998	1998	NUM
fsr-3856	68	12	)	)	PUNCT
fsr-3856	69	1	145–159	145–159	NUM
fsr-3856	69	2	short	short	ADJ
fsr-3856	69	3	-	-	PUNCT
fsr-3856	69	4	term	term	NOUN
fsr-3856	69	5	events	event	NOUN
fsr-3856	69	6	such	such	ADJ
fsr-3856	69	7	as	as	ADP
fsr-3856	69	8	changes	change	NOUN
fsr-3856	69	9	in	in	ADP
fsr-3856	69	10	earnings	earning	NOUN
fsr-3856	69	11	patterns	pattern	NOUN
fsr-3856	69	12	.	.	PUNCT
fsr-3856	70	1	evidence	evidence	NOUN
fsr-3856	70	2	of	of	ADP
fsr-3856	70	3	such	such	ADJ
fsr-3856	70	4	behavior	behavior	NOUN
fsr-3856	70	5	would	would	AUX
fsr-3856	70	6	be	be	AUX
fsr-3856	70	7	a	a	DET
fsr-3856	70	8	violation	violation	NOUN
fsr-3856	70	9	of	of	ADP
fsr-3856	70	10	weak	weak	ADJ
fsr-3856	70	11	-	-	PUNCT
fsr-3856	70	12	form	form	NOUN
fsr-3856	70	13	market	market	NOUN
fsr-3856	70	14	efficiency	efficiency	NOUN
fsr-3856	70	15	.	.	PUNCT
fsr-3856	71	1	two	two	NUM
fsr-3856	71	2	hypotheses	hypothesis	NOUN
fsr-3856	71	3	are	be	AUX
fsr-3856	71	4	tested	test	VERB
fsr-3856	71	5	:	:	PUNCT
fsr-3856	71	6	(	(	PUNCT
fsr-3856	71	7	1	1	X
fsr-3856	71	8	)	)	PUNCT
fsr-3856	71	9	extreme	extreme	ADJ
fsr-3856	71	10	movements	movement	NOUN
fsr-3856	71	11	in	in	ADP
fsr-3856	71	12	stock	stock	NOUN
fsr-3856	71	13	prices	price	NOUN
fsr-3856	71	14	will	will	AUX
fsr-3856	71	15	be	be	AUX
fsr-3856	71	16	followed	follow	VERB
fsr-3856	71	17	by	by	ADP
fsr-3856	71	18	subsequent	subsequent	ADJ
fsr-3856	71	19	price	price	NOUN
fsr-3856	71	20	movements	movement	NOUN
fsr-3856	71	21	in	in	ADP
fsr-3856	71	22	the	the	DET
fsr-3856	71	23	opposite	opposite	ADJ
fsr-3856	71	24	direction	direction	NOUN
fsr-3856	71	25	;	;	PUNCT
fsr-3856	71	26	and	and	CCONJ
fsr-3856	71	27	(	(	PUNCT
fsr-3856	71	28	2	2	X
fsr-3856	71	29	)	)	PUNCT
fsr-3856	71	30	the	the	PRON
fsr-3856	71	31	more	more	ADV
fsr-3856	71	32	extreme	extreme	ADJ
fsr-3856	71	33	the	the	DET
fsr-3856	71	34	initial	initial	ADJ
fsr-3856	71	35	price	price	NOUN
fsr-3856	71	36	movement	movement	NOUN
fsr-3856	71	37	,	,	PUNCT
fsr-3856	71	38	the	the	DET
fsr-3856	71	39	greater	great	ADJ
fsr-3856	71	40	will	will	AUX
fsr-3856	71	41	be	be	AUX
fsr-3856	71	42	the	the	DET
fsr-3856	71	43	subsequent	subsequent	ADJ
fsr-3856	71	44	adjustment	adjustment	NOUN
fsr-3856	71	45	.	.	PUNCT
fsr-3856	72	1	in	in	ADP
fsr-3856	72	2	their	their	PRON
fsr-3856	72	3	1985	1985	NUM
fsr-3856	72	4	study	study	NOUN
fsr-3856	72	5	,	,	PUNCT
fsr-3856	72	6	de	de	X
fsr-3856	72	7	bondt	bondt	NOUN
fsr-3856	72	8	and	and	CCONJ
fsr-3856	72	9	thaler	thaler	PROPN
fsr-3856	72	10	(	(	PUNCT
fsr-3856	72	11	1985	1985	NUM
fsr-3856	72	12	)	)	PUNCT
fsr-3856	72	13	examine	examine	VERB
fsr-3856	72	14	the	the	DET
fsr-3856	72	15	cumulative	cumulative	ADJ
fsr-3856	72	16	average	average	ADJ
fsr-3856	72	17	residuals	residual	NOUN
fsr-3856	72	18	of	of	ADP
fsr-3856	72	19	winner	winner	NOUN
fsr-3856	72	20	and	and	CCONJ
fsr-3856	72	21	loser	loser	ADJ
fsr-3856	72	22	portfolios	portfolio	NOUN
fsr-3856	72	23	formed	form	VERB
fsr-3856	72	24	in	in	ADP
fsr-3856	72	25	each	each	PRON
fsr-3856	72	26	of	of	ADP
fsr-3856	72	27	16	16	NUM
fsr-3856	72	28	non	non	ADJ
fsr-3856	72	29	-	-	ADJ
fsr-3856	72	30	overlapping	overlap	VERB
fsr-3856	72	31	three	three	NUM
fsr-3856	72	32	-	-	PUNCT
fsr-3856	72	33	year	year	NOUN
fsr-3856	72	34	periods	period	NOUN
fsr-3856	72	35	from	from	ADP
fsr-3856	72	36	january	january	PROPN
fsr-3856	72	37	1933	1933	NUM
fsr-3856	72	38	to	to	ADP
fsr-3856	72	39	december	december	PROPN
fsr-3856	72	40	1980	1980	NUM
fsr-3856	72	41	.	.	PUNCT
fsr-3856	73	1	they	they	PRON
fsr-3856	73	2	find	find	VERB
fsr-3856	73	3	that	that	SCONJ
fsr-3856	73	4	loser	loser	ADJ
fsr-3856	73	5	portfolios	portfolio	NOUN
fsr-3856	73	6	outperform	outperform	VERB
fsr-3856	73	7	the	the	DET
fsr-3856	73	8	market	market	NOUN
fsr-3856	73	9	,	,	PUNCT
fsr-3856	73	10	on	on	ADP
fsr-3856	73	11	average	average	ADJ
fsr-3856	73	12	,	,	PUNCT
fsr-3856	73	13	by	by	ADP
fsr-3856	73	14	19.6	19.6	NUM
fsr-3856	73	15	%	%	NOUN
fsr-3856	73	16	for	for	ADP
fsr-3856	73	17	the	the	DET
fsr-3856	73	18	three	three	NUM
fsr-3856	73	19	-	-	PUNCT
fsr-3856	73	20	year	year	NOUN
fsr-3856	73	21	postformation	postformation	NOUN
fsr-3856	73	22	period	period	NOUN
fsr-3856	73	23	.	.	PUNCT
fsr-3856	74	1	winner	winner	NOUN
fsr-3856	74	2	portfolios	portfolio	NOUN
fsr-3856	74	3	underperform	underperform	VERB
fsr-3856	74	4	the	the	DET
fsr-3856	74	5	market	market	NOUN
fsr-3856	74	6	by	by	ADP
fsr-3856	74	7	about	about	ADV
fsr-3856	74	8	5.0	5.0	NUM
fsr-3856	74	9	%	%	NOUN
fsr-3856	74	10	.	.	PUNCT
fsr-3856	75	1	these	these	DET
fsr-3856	75	2	results	result	NOUN
fsr-3856	75	3	are	be	AUX
fsr-3856	75	4	consistent	consistent	ADJ
fsr-3856	75	5	with	with	ADP
fsr-3856	75	6	the	the	DET
fsr-3856	75	7	overreaction	overreaction	NOUN
fsr-3856	75	8	hypothesis	hypothesis	NOUN
fsr-3856	75	9	.	.	PUNCT
fsr-3856	76	1	de	de	X
fsr-3856	76	2	bondt	bondt	NOUN
fsr-3856	76	3	and	and	CCONJ
fsr-3856	76	4	thaler	thaler	PROPN
fsr-3856	76	5	(	(	PUNCT
fsr-3856	76	6	1987	1987	NUM
fsr-3856	76	7	)	)	PUNCT
fsr-3856	76	8	followed	follow	VERB
fsr-3856	76	9	up	up	ADP
fsr-3856	76	10	their	their	PRON
fsr-3856	76	11	original	original	ADJ
fsr-3856	76	12	study	study	NOUN
fsr-3856	76	13	in	in	ADP
fsr-3856	76	14	response	response	NOUN
fsr-3856	76	15	to	to	ADP
fsr-3856	76	16	suggestions	suggestion	NOUN
fsr-3856	76	17	by	by	ADP
fsr-3856	76	18	some	some	DET
fsr-3856	76	19	critics	critic	NOUN
fsr-3856	76	20	that	that	SCONJ
fsr-3856	76	21	the	the	DET
fsr-3856	76	22	overreaction	overreaction	NOUN
fsr-3856	76	23	effect	effect	NOUN
fsr-3856	76	24	was	be	AUX
fsr-3856	76	25	,	,	PUNCT
fsr-3856	76	26	in	in	ADP
fsr-3856	76	27	fact	fact	NOUN
fsr-3856	76	28	,	,	PUNCT
fsr-3856	76	29	a	a	DET
fsr-3856	76	30	rational	rational	ADJ
fsr-3856	76	31	response	response	NOUN
fsr-3856	76	32	to	to	ADP
fsr-3856	76	33	changes	change	NOUN
fsr-3856	76	34	in	in	ADP
fsr-3856	76	35	risk	risk	NOUN
fsr-3856	76	36	(	(	PUNCT
fsr-3856	76	37	see	see	VERB
fsr-3856	76	38	brown	brown	PROPN
fsr-3856	76	39	et	et	PROPN
fsr-3856	76	40	al	al	PROPN
fsr-3856	76	41	.	.	PROPN
fsr-3856	76	42	,	,	PUNCT
fsr-3856	76	43	1988	1988	NUM
fsr-3856	76	44	)	)	PUNCT
fsr-3856	76	45	,	,	PUNCT
fsr-3856	76	46	or	or	CCONJ
fsr-3856	76	47	that	that	SCONJ
fsr-3856	76	48	it	it	PRON
fsr-3856	76	49	was	be	AUX
fsr-3856	76	50	primarily	primarily	ADV
fsr-3856	76	51	caused	cause	VERB
fsr-3856	76	52	by	by	ADP
fsr-3856	76	53	mean	mean	ADJ
fsr-3856	76	54	-	-	PUNCT
fsr-3856	76	55	reverting	revert	VERB
fsr-3856	76	56	factor	factor	NOUN
fsr-3856	76	57	risk	risk	NOUN
fsr-3856	76	58	premia	premia	NOUN
fsr-3856	76	59	.	.	PUNCT
fsr-3856	77	1	the	the	DET
fsr-3856	77	2	extended	extended	ADJ
fsr-3856	77	3	study	study	NOUN
fsr-3856	77	4	also	also	ADV
fsr-3856	77	5	addresses	address	VERB
fsr-3856	77	6	unresolved	unresolved	ADJ
fsr-3856	77	7	issues	issue	NOUN
fsr-3856	77	8	relating	relate	VERB
fsr-3856	77	9	the	the	DET
fsr-3856	77	10	overreaction	overreaction	NOUN
fsr-3856	77	11	effect	effect	NOUN
fsr-3856	77	12	to	to	ADP
fsr-3856	77	13	size	size	NOUN
fsr-3856	77	14	effects	effect	NOUN
fsr-3856	77	15	(	(	PUNCT
fsr-3856	77	16	see	see	VERB
fsr-3856	77	17	zarowin	zarowin	PROPN
fsr-3856	77	18	,	,	PUNCT
fsr-3856	77	19	1990	1990	NUM
fsr-3856	77	20	)	)	PUNCT
fsr-3856	77	21	and	and	CCONJ
fsr-3856	77	22	seasonality	seasonality	NOUN
fsr-3856	77	23	,	,	PUNCT
fsr-3856	77	24	as	as	ADV
fsr-3856	77	25	well	well	ADV
fsr-3856	77	26	as	as	ADP
fsr-3856	77	27	the	the	DET
fsr-3856	77	28	asymmetric	asymmetric	ADJ
fsr-3856	77	29	nature	nature	NOUN
fsr-3856	77	30	of	of	ADP
fsr-3856	77	31	the	the	DET
fsr-3856	77	32	corrections	correction	NOUN
fsr-3856	77	33	of	of	ADP
fsr-3856	77	34	the	the	DET
fsr-3856	77	35	winners	winner	NOUN
fsr-3856	77	36	as	as	SCONJ
fsr-3856	77	37	compared	compare	VERB
fsr-3856	77	38	to	to	ADP
fsr-3856	77	39	those	those	PRON
fsr-3856	77	40	of	of	ADP
fsr-3856	77	41	the	the	DET
fsr-3856	77	42	losers	loser	NOUN
fsr-3856	77	43	.	.	PUNCT
fsr-3856	78	1	to	to	PART
fsr-3856	78	2	retest	retest	VERB
fsr-3856	78	3	the	the	DET
fsr-3856	78	4	overreaction	overreaction	NOUN
fsr-3856	78	5	hypothesis	hypothesis	NOUN
fsr-3856	78	6	,	,	PUNCT
fsr-3856	78	7	de	de	X
fsr-3856	78	8	bondt	bondt	NOUN
fsr-3856	78	9	and	and	CCONJ
fsr-3856	78	10	thaler	thaler	PROPN
fsr-3856	78	11	construct	construct	VERB
fsr-3856	78	12	rank	rank	NOUN
fsr-3856	78	13	portfolios	portfolio	NOUN
fsr-3856	78	14	of	of	ADP
fsr-3856	78	15	stocks	stock	NOUN
fsr-3856	78	16	with	with	ADP
fsr-3856	78	17	extreme	extreme	ADJ
fsr-3856	78	18	capital	capital	NOUN
fsr-3856	78	19	gains	gain	NOUN
fsr-3856	78	20	(	(	PUNCT
fsr-3856	78	21	winners	winner	NOUN
fsr-3856	78	22	)	)	PUNCT
fsr-3856	78	23	and	and	CCONJ
fsr-3856	78	24	extreme	extreme	ADJ
fsr-3856	78	25	capital	capital	NOUN
fsr-3856	78	26	losses	loss	NOUN
fsr-3856	78	27	(	(	PUNCT
fsr-3856	78	28	losers	loser	NOUN
fsr-3856	78	29	)	)	PUNCT
fsr-3856	78	30	based	base	VERB
fsr-3856	78	31	on	on	ADP
fsr-3856	78	32	past	past	ADJ
fsr-3856	78	33	market	market	NOUN
fsr-3856	78	34	-	-	PUNCT
fsr-3856	78	35	adjusted	adjust	VERB
fsr-3856	78	36	excess	excess	ADJ
fsr-3856	78	37	returns	return	NOUN
fsr-3856	78	38	taken	take	VERB
fsr-3856	78	39	over	over	ADP
fsr-3856	78	40	formation	formation	NOUN
fsr-3856	78	41	periods	period	NOUN
fsr-3856	78	42	of	of	ADP
fsr-3856	78	43	up	up	ADP
fsr-3856	78	44	to	to	PART
fsr-3856	78	45	five	five	NUM
fsr-3856	78	46	years	year	NOUN
fsr-3856	78	47	.	.	PUNCT
fsr-3856	79	1	using	use	VERB
fsr-3856	79	2	table	table	NOUN
fsr-3856	79	3	2	2	NUM
fsr-3856	79	4	capital	capital	NOUN
fsr-3856	79	5	gains	gain	NOUN
fsr-3856	79	6	,	,	PUNCT
fsr-3856	79	7	dividends	dividend	NOUN
fsr-3856	79	8	,	,	PUNCT
fsr-3856	79	9	and	and	CCONJ
fsr-3856	79	10	total	total	ADJ
fsr-3856	79	11	returns	return	NOUN
fsr-3856	79	12	year	year	NOUN
fsr-3856	79	13	10	10	NUM
fsr-3856	79	14	highest	high	ADJ
fsr-3856	79	15	yielding	yield	VERB
fsr-3856	79	16	stocks	stock	NOUN
fsr-3856	79	17	dow	dow	PROPN
fsr-3856	79	18	jones	jones	PROPN
fsr-3856	79	19	industrial	industrial	PROPN
fsr-3856	79	20	average	average	ADJ
fsr-3856	79	21	capital	capital	NOUN
fsr-3856	79	22	gain	gain	VERB
fsr-3856	79	23	dividend	dividend	NOUN
fsr-3856	79	24	yield	yield	NOUN
fsr-3856	79	25	total	total	ADJ
fsr-3856	79	26	return	return	NOUN
fsr-3856	79	27	capital	capital	NOUN
fsr-3856	79	28	gain	gain	NOUN
fsr-3856	79	29	dividend	dividend	NOUN
fsr-3856	79	30	yield	yield	NOUN
fsr-3856	79	31	total	total	ADJ
fsr-3856	79	32	return	return	NOUN
fsr-3856	79	33	1973	1973	NUM
fsr-3856	79	34	26.22	26.22	NUM
fsr-3856	79	35	%	%	NOUN
fsr-3856	79	36	5.20	5.20	NUM
fsr-3856	79	37	%	%	NOUN
fsr-3856	79	38	21.02	21.02	NUM
fsr-3856	79	39	%	%	NOUN
fsr-3856	79	40	216.58	216.58	NUM
fsr-3856	79	41	%	%	NOUN
fsr-3856	79	42	3.46	3.46	NUM
fsr-3856	79	43	%	%	NOUN
fsr-3856	79	44	213.12	213.12	NUM
fsr-3856	79	45	%	%	NOUN
fsr-3856	79	46	1974	1974	NUM
fsr-3856	79	47	216.32	216.32	NUM
fsr-3856	79	48	7.37	7.37	NUM
fsr-3856	79	49	28.95	28.95	NUM
fsr-3856	79	50	227.57	227.57	NUM
fsr-3856	79	51	4.43	4.43	NUM
fsr-3856	79	52	223.14	223.14	NUM
fsr-3856	79	53	1975	1975	NUM
fsr-3856	79	54	48.78	48.78	NUM
fsr-3856	79	55	7.95	7.95	NUM
fsr-3856	79	56	56.73	56.73	NUM
fsr-3856	79	57	38.32	38.32	NUM
fsr-3856	79	58	6.08	6.08	NUM
fsr-3856	79	59	44.40	44.40	NUM
fsr-3856	79	60	1976	1976	NUM
fsr-3856	79	61	27.70	27.70	NUM
fsr-3856	79	62	7.10	7.10	NUM
fsr-3856	79	63	34.80	34.80	NUM
fsr-3856	79	64	17.86	17.86	NUM
fsr-3856	79	65	4.86	4.86	NUM
fsr-3856	79	66	22.72	22.72	NUM
fsr-3856	79	67	1977	1977	NUM
fsr-3856	79	68	26.75	26.75	NUM
fsr-3856	79	69	5.92	5.92	NUM
fsr-3856	79	70	20.83	20.83	NUM
fsr-3856	79	71	217.27	217.27	NUM
fsr-3856	79	72	4.56	4.56	NUM
fsr-3856	79	73	212.71	212.71	NUM
fsr-3856	79	74	1978	1978	NUM
fsr-3856	79	75	26.92	26.92	NUM
fsr-3856	79	76	7.11	7.11	NUM
fsr-3856	79	77	0.19	0.19	NUM
fsr-3856	79	78	23.15	23.15	NUM
fsr-3856	79	79	5.84	5.84	NUM
fsr-3856	79	80	2.69	2.69	NUM
fsr-3856	79	81	1979	1979	NUM
fsr-3856	79	82	3.97	3.97	NUM
fsr-3856	79	83	8.41	8.41	NUM
fsr-3856	79	84	12.38	12.38	NUM
fsr-3856	79	85	4.19	4.19	NUM
fsr-3856	79	86	6.33	6.33	NUM
fsr-3856	79	87	10.52	10.52	NUM
fsr-3856	79	88	1980	1980	NUM
fsr-3856	79	89	17.83	17.83	NUM
fsr-3856	79	90	8.54	8.54	NUM
fsr-3856	79	91	26.37	26.37	NUM
fsr-3856	79	92	14.93	14.93	NUM
fsr-3856	79	93	6.48	6.48	NUM
fsr-3856	79	94	21.41	21.41	NUM
fsr-3856	79	95	1981	1981	NUM
fsr-3856	79	96	20.94	20.94	NUM
fsr-3856	79	97	8.29	8.29	NUM
fsr-3856	79	98	7.35	7.35	NUM
fsr-3856	79	99	29.23	29.23	NUM
fsr-3856	79	100	5.83	5.83	NUM
fsr-3856	79	101	23.40	23.40	NUM
fsr-3856	79	102	1982	1982	NUM
fsr-3856	79	103	17.24	17.24	NUM
fsr-3856	79	104	8.22	8.22	NUM
fsr-3856	79	105	25.46	25.46	NUM
fsr-3856	79	106	19.60	19.60	NUM
fsr-3856	79	107	6.19	6.19	NUM
fsr-3856	79	108	25.79	25.79	NUM
fsr-3856	79	109	1983	1983	NUM
fsr-3856	79	110	30.20	30.20	NUM
fsr-3856	79	111	8.25	8.25	NUM
fsr-3856	79	112	38.45	38.45	NUM
fsr-3856	79	113	20.30	20.30	NUM
fsr-3856	79	114	5.38	5.38	NUM
fsr-3856	79	115	25.68	25.68	NUM
fsr-3856	79	116	1984	1984	NUM
fsr-3856	79	117	0.24	0.24	NUM
fsr-3856	79	118	6.65	6.65	NUM
fsr-3856	79	119	6.89	6.89	NUM
fsr-3856	79	120	23.76	23.76	NUM
fsr-3856	79	121	4.82	4.82	NUM
fsr-3856	79	122	1.06	1.06	NUM
fsr-3856	79	123	1985	1985	NUM
fsr-3856	79	124	21.45	21.45	NUM
fsr-3856	79	125	6.97	6.97	NUM
fsr-3856	79	126	28.42	28.42	NUM
fsr-3856	79	127	27.66	27.66	NUM
fsr-3856	79	128	5.12	5.12	NUM
fsr-3856	79	129	32.78	32.78	NUM
fsr-3856	79	130	1986	1986	NUM
fsr-3856	79	131	23.74	23.74	NUM
fsr-3856	79	132	6.13	6.13	NUM
fsr-3856	79	133	29.87	29.87	NUM
fsr-3856	79	134	22.58	22.58	NUM
fsr-3856	79	135	4.33	4.33	NUM
fsr-3856	79	136	26.91	26.91	NUM
fsr-3856	79	137	1987	1987	NUM
fsr-3856	79	138	1.87	1.87	NUM
fsr-3856	79	139	5.10	5.10	NUM
fsr-3856	79	140	6.97	6.97	NUM
fsr-3856	79	141	2.26	2.26	NUM
fsr-3856	79	142	3.76	3.76	NUM
fsr-3856	79	143	6.02	6.02	NUM
fsr-3856	79	144	1988	1988	NUM
fsr-3856	79	145	15.80	15.80	NUM
fsr-3856	79	146	5.80	5.80	NUM
fsr-3856	79	147	21.60	21.60	NUM
fsr-3856	79	148	11.85	11.85	NUM
fsr-3856	79	149	4.10	4.10	NUM
fsr-3856	79	150	15.95	15.95	NUM
fsr-3856	79	151	1989	1989	NUM
fsr-3856	79	152	20.28	20.28	NUM
fsr-3856	79	153	6.94	6.94	NUM
fsr-3856	79	154	27.22	27.22	NUM
fsr-3856	79	155	26.96	26.96	NUM
fsr-3856	79	156	4.75	4.75	NUM
fsr-3856	79	157	31.71	31.71	NUM
fsr-3856	79	158	1990	1990	NUM
fsr-3856	79	159	213.00	213.00	NUM
fsr-3856	79	160	5.06	5.06	NUM
fsr-3856	79	161	27.94	27.94	NUM
fsr-3856	79	162	24.34	24.34	NUM
fsr-3856	79	163	3.77	3.77	NUM
fsr-3856	79	164	20.57	20.57	NUM
fsr-3856	79	165	1991	1991	NUM
fsr-3856	79	166	28.32	28.32	NUM
fsr-3856	79	167	5.22	5.22	NUM
fsr-3856	79	168	33.54	33.54	NUM
fsr-3856	79	169	20.32	20.32	NUM
fsr-3856	79	170	3.61	3.61	NUM
fsr-3856	79	171	23.93	23.93	NUM
fsr-3856	79	172	1992	1992	NUM
fsr-3856	79	173	3.44	3.44	NUM
fsr-3856	79	174	4.82	4.82	NUM
fsr-3856	79	175	8.26	8.26	NUM
fsr-3856	79	176	4.17	4.17	NUM
fsr-3856	79	177	3.17	3.17	NUM
fsr-3856	79	178	7.34	7.34	NUM
fsr-3856	79	179	the	the	DET
fsr-3856	79	180	data	datum	NOUN
fsr-3856	79	181	reported	report	VERB
fsr-3856	79	182	in	in	ADP
fsr-3856	79	183	this	this	DET
fsr-3856	79	184	table	table	NOUN
fsr-3856	79	185	are	be	AUX
fsr-3856	79	186	obtained	obtain	VERB
fsr-3856	79	187	from	from	ADP
fsr-3856	79	188	prudential	prudential	PROPN
fsr-3856	79	189	securities	security	NOUN
fsr-3856	79	190	(	(	PUNCT
fsr-3856	79	191	1993	1993	NUM
fsr-3856	79	192	)	)	PUNCT
fsr-3856	79	193	.	.	PUNCT
fsr-3856	80	1	148	148	NUM
fsr-3856	80	2	d.l	d.l	NOUN
fsr-3856	80	3	.	.	PROPN
fsr-3856	80	4	domian	domian	PROPN
fsr-3856	80	5	et	et	PROPN
fsr-3856	80	6	al	al	PROPN
fsr-3856	80	7	.	.	PUNCT
fsr-3856	80	8	/	/	SYM
fsr-3856	80	9	financial	financial	ADJ
fsr-3856	80	10	services	service	NOUN
fsr-3856	80	11	review	review	VERB
fsr-3856	80	12	7	7	NUM
fsr-3856	80	13	(	(	PUNCT
fsr-3856	80	14	1998	1998	NUM
fsr-3856	80	15	)	)	PUNCT
fsr-3856	81	1	145–159	145–159	NUM
fsr-3856	81	2	varying	vary	VERB
fsr-3856	81	3	post	post	ADJ
fsr-3856	81	4	-	-	ADJ
fsr-3856	81	5	formation	formation	ADJ
fsr-3856	81	6	test	test	NOUN
fsr-3856	81	7	periods	period	NOUN
fsr-3856	81	8	,	,	PUNCT
fsr-3856	81	9	they	they	PRON
fsr-3856	81	10	show	show	VERB
fsr-3856	81	11	that	that	SCONJ
fsr-3856	81	12	sharp	sharp	ADJ
fsr-3856	81	13	price	price	NOUN
fsr-3856	81	14	reversals	reversal	NOUN
fsr-3856	81	15	occur	occur	VERB
fsr-3856	81	16	for	for	ADP
fsr-3856	81	17	both	both	CCONJ
fsr-3856	81	18	the	the	DET
fsr-3856	81	19	winner	winner	NOUN
fsr-3856	81	20	and	and	CCONJ
fsr-3856	81	21	loser	loser	ADJ
fsr-3856	81	22	stock	stock	NOUN
fsr-3856	81	23	portfolios	portfolio	NOUN
fsr-3856	81	24	.	.	PUNCT
fsr-3856	82	1	in	in	ADP
fsr-3856	82	2	other	other	ADJ
fsr-3856	82	3	words	word	NOUN
fsr-3856	82	4	,	,	PUNCT
fsr-3856	82	5	the	the	DET
fsr-3856	82	6	losers	loser	NOUN
fsr-3856	82	7	become	become	VERB
fsr-3856	82	8	winners	winner	NOUN
fsr-3856	82	9	and	and	CCONJ
fsr-3856	82	10	vice	vice	ADV
fsr-3856	82	11	versa	versa	ADV
fsr-3856	82	12	.	.	PUNCT
fsr-3856	83	1	overall	overall	ADV
fsr-3856	83	2	,	,	PUNCT
fsr-3856	83	3	the	the	DET
fsr-3856	83	4	losers	loser	NOUN
fsr-3856	83	5	outperform	outperform	VERB
fsr-3856	83	6	the	the	DET
fsr-3856	83	7	winners	winner	NOUN
fsr-3856	83	8	by	by	ADP
fsr-3856	83	9	an	an	DET
fsr-3856	83	10	average	average	NOUN
fsr-3856	83	11	of	of	ADP
fsr-3856	83	12	31.9	31.9	NUM
fsr-3856	83	13	%	%	NOUN
fsr-3856	83	14	,	,	PUNCT
fsr-3856	83	15	and	and	CCONJ
fsr-3856	83	16	as	as	ADP
fsr-3856	83	17	in	in	ADP
fsr-3856	83	18	their	their	PRON
fsr-3856	83	19	previous	previous	ADJ
fsr-3856	83	20	study	study	NOUN
fsr-3856	83	21	,	,	PUNCT
fsr-3856	83	22	the	the	DET
fsr-3856	83	23	overreaction	overreaction	NOUN
fsr-3856	83	24	effect	effect	NOUN
fsr-3856	83	25	is	be	AUX
fsr-3856	83	26	asymmetric	asymmetric	ADJ
fsr-3856	83	27	.	.	PUNCT
fsr-3856	84	1	test	test	NOUN
fsr-3856	84	2	period	period	NOUN
fsr-3856	84	3	returns	return	NOUN
fsr-3856	84	4	also	also	ADV
fsr-3856	84	5	show	show	VERB
fsr-3856	84	6	a	a	DET
fsr-3856	84	7	strong	strong	ADJ
fsr-3856	84	8	seasonality	seasonality	NOUN
fsr-3856	84	9	effect	effect	NOUN
fsr-3856	84	10	,	,	PUNCT
fsr-3856	84	11	with	with	ADP
fsr-3856	84	12	a	a	DET
fsr-3856	84	13	large	large	ADJ
fsr-3856	84	14	part	part	NOUN
fsr-3856	84	15	of	of	ADP
fsr-3856	84	16	the	the	DET
fsr-3856	84	17	losers	loser	NOUN
fsr-3856	84	18	’	’	PART
fsr-3856	84	19	excess	excess	ADJ
fsr-3856	84	20	returns	return	NOUN
fsr-3856	84	21	occurring	occur	VERB
fsr-3856	84	22	in	in	ADP
fsr-3856	84	23	the	the	DET
fsr-3856	84	24	month	month	NOUN
fsr-3856	84	25	of	of	ADP
fsr-3856	84	26	january	january	PROPN
fsr-3856	84	27	for	for	ADP
fsr-3856	84	28	up	up	ADP
fsr-3856	84	29	to	to	PART
fsr-3856	84	30	five	five	NUM
fsr-3856	84	31	years	year	NOUN
fsr-3856	84	32	following	follow	VERB
fsr-3856	84	33	portfolio	portfolio	NOUN
fsr-3856	84	34	formation	formation	NOUN
fsr-3856	84	35	.	.	PUNCT
fsr-3856	85	1	they	they	PRON
fsr-3856	85	2	show	show	VERB
fsr-3856	85	3	that	that	SCONJ
fsr-3856	85	4	the	the	DET
fsr-3856	85	5	winner	winner	NOUN
fsr-3856	85	6	-	-	PUNCT
fsr-3856	85	7	loser	loser	NOUN
fsr-3856	85	8	effect	effect	NOUN
fsr-3856	85	9	can	can	AUX
fsr-3856	85	10	not	not	PART
fsr-3856	85	11	be	be	AUX
fsr-3856	85	12	attributed	attribute	VERB
fsr-3856	85	13	to	to	ADP
fsr-3856	85	14	changes	change	NOUN
fsr-3856	85	15	in	in	ADP
fsr-3856	85	16	capm	capm	PROPN
fsr-3856	85	17	betas	beta	NOUN
fsr-3856	85	18	and	and	CCONJ
fsr-3856	85	19	that	that	SCONJ
fsr-3856	85	20	it	it	PRON
fsr-3856	85	21	is	be	AUX
fsr-3856	85	22	not	not	PART
fsr-3856	85	23	primarily	primarily	ADV
fsr-3856	85	24	a	a	DET
fsr-3856	85	25	size	size	NOUN
fsr-3856	85	26	effect	effect	NOUN
fsr-3856	85	27	.	.	PUNCT
fsr-3856	86	1	chopra	chopra	PROPN
fsr-3856	86	2	et	et	PROPN
fsr-3856	86	3	al	al	PROPN
fsr-3856	86	4	.	.	PROPN
fsr-3856	86	5	(	(	PUNCT
fsr-3856	86	6	1992	1992	NUM
fsr-3856	86	7	)	)	PUNCT
fsr-3856	86	8	also	also	ADV
fsr-3856	86	9	find	find	VERB
fsr-3856	86	10	an	an	DET
fsr-3856	86	11	economically	economically	ADV
fsr-3856	86	12	important	important	ADJ
fsr-3856	86	13	overreaction	overreaction	NOUN
fsr-3856	86	14	effect	effect	NOUN
fsr-3856	86	15	even	even	ADV
fsr-3856	86	16	after	after	ADP
fsr-3856	86	17	adjusting	adjust	VERB
fsr-3856	86	18	for	for	ADP
fsr-3856	86	19	size	size	NOUN
fsr-3856	86	20	and	and	CCONJ
fsr-3856	86	21	beta	beta	NOUN
fsr-3856	86	22	.	.	PUNCT
fsr-3856	87	1	their	their	PRON
fsr-3856	87	2	evidence	evidence	NOUN
fsr-3856	87	3	suggests	suggest	VERB
fsr-3856	87	4	that	that	SCONJ
fsr-3856	87	5	the	the	DET
fsr-3856	87	6	overreaction	overreaction	NOUN
fsr-3856	87	7	effect	effect	NOUN
fsr-3856	87	8	is	be	AUX
fsr-3856	87	9	distinct	distinct	ADJ
fsr-3856	87	10	from	from	ADP
fsr-3856	87	11	tax	tax	NOUN
fsr-3856	87	12	-	-	PUNCT
fsr-3856	87	13	loss	loss	NOUN
fsr-3856	87	14	selling	selling	NOUN
fsr-3856	87	15	effects	effect	NOUN
fsr-3856	87	16	.	.	PUNCT
fsr-3856	88	1	furthermore	furthermore	ADV
fsr-3856	88	2	,	,	PUNCT
fsr-3856	88	3	they	they	PRON
fsr-3856	88	4	find	find	VERB
fsr-3856	88	5	that	that	SCONJ
fsr-3856	88	6	the	the	DET
fsr-3856	88	7	effect	effect	NOUN
fsr-3856	88	8	is	be	AUX
fsr-3856	88	9	stronger	strong	ADJ
fsr-3856	88	10	for	for	ADP
fsr-3856	88	11	smaller	small	ADJ
fsr-3856	88	12	firms	firm	NOUN
fsr-3856	88	13	.	.	PUNCT
fsr-3856	89	1	jegadeesh	jegadeesh	NOUN
fsr-3856	89	2	and	and	CCONJ
fsr-3856	89	3	titman	titman	NOUN
fsr-3856	89	4	(	(	PUNCT
fsr-3856	89	5	1995	1995	NUM
fsr-3856	89	6	)	)	PUNCT
fsr-3856	89	7	find	find	VERB
fsr-3856	89	8	that	that	SCONJ
fsr-3856	89	9	contrarian	contrarian	ADJ
fsr-3856	89	10	investment	investment	NOUN
fsr-3856	89	11	strategies	strategy	NOUN
fsr-3856	89	12	are	be	AUX
fsr-3856	89	13	profitable	profitable	ADJ
fsr-3856	89	14	,	,	PUNCT
fsr-3856	89	15	primarily	primarily	ADV
fsr-3856	89	16	due	due	ADP
fsr-3856	89	17	to	to	ADP
fsr-3856	89	18	the	the	DET
fsr-3856	89	19	overreaction	overreaction	NOUN
fsr-3856	89	20	of	of	ADP
fsr-3856	89	21	stock	stock	NOUN
fsr-3856	89	22	prices	price	NOUN
fsr-3856	89	23	to	to	ADP
fsr-3856	89	24	firm	firm	ADJ
fsr-3856	89	25	-	-	PUNCT
fsr-3856	89	26	specific	specific	ADJ
fsr-3856	89	27	information	information	NOUN
fsr-3856	89	28	.	.	PUNCT
fsr-3856	90	1	renewed	renew	VERB
fsr-3856	90	2	doubts	doubt	NOUN
fsr-3856	90	3	about	about	ADP
fsr-3856	90	4	the	the	DET
fsr-3856	90	5	existence	existence	NOUN
fsr-3856	90	6	of	of	ADP
fsr-3856	90	7	market	market	NOUN
fsr-3856	90	8	overreaction	overreaction	NOUN
fsr-3856	90	9	are	be	AUX
fsr-3856	90	10	raised	raise	VERB
fsr-3856	90	11	by	by	ADP
fsr-3856	90	12	conrad	conrad	PROPN
fsr-3856	90	13	and	and	CCONJ
fsr-3856	90	14	kaul	kaul	PROPN
fsr-3856	90	15	(	(	PUNCT
fsr-3856	90	16	1993	1993	NUM
fsr-3856	90	17	)	)	PUNCT
fsr-3856	90	18	and	and	CCONJ
fsr-3856	90	19	ball	ball	NOUN
fsr-3856	90	20	et	et	PROPN
fsr-3856	90	21	al	al	PROPN
fsr-3856	90	22	.	.	PROPN
fsr-3856	91	1	(	(	PUNCT
fsr-3856	91	2	1995	1995	NUM
fsr-3856	91	3	)	)	PUNCT
fsr-3856	91	4	.	.	PUNCT
fsr-3856	92	1	conrad	conrad	PROPN
fsr-3856	92	2	and	and	CCONJ
fsr-3856	92	3	kaul	kaul	PROPN
fsr-3856	92	4	(	(	PUNCT
fsr-3856	92	5	1993	1993	NUM
fsr-3856	92	6	)	)	PUNCT
fsr-3856	92	7	focus	focus	VERB
fsr-3856	92	8	on	on	ADP
fsr-3856	92	9	biases	bias	NOUN
fsr-3856	92	10	in	in	ADP
fsr-3856	92	11	computed	computed	ADJ
fsr-3856	92	12	returns	return	NOUN
fsr-3856	92	13	due	due	ADP
fsr-3856	92	14	to	to	ADP
fsr-3856	92	15	the	the	DET
fsr-3856	92	16	cumulation	cumulation	NOUN
fsr-3856	92	17	of	of	ADP
fsr-3856	92	18	monthly	monthly	ADJ
fsr-3856	92	19	returns	return	NOUN
fsr-3856	92	20	containing	contain	VERB
fsr-3856	92	21	measurement	measurement	NOUN
fsr-3856	92	22	errors	error	NOUN
fsr-3856	92	23	.	.	PUNCT
fsr-3856	93	1	they	they	PRON
fsr-3856	93	2	show	show	VERB
fsr-3856	93	3	a	a	DET
fsr-3856	93	4	large	large	ADJ
fsr-3856	93	5	upward	upward	ADJ
fsr-3856	93	6	bias	bias	NOUN
fsr-3856	93	7	in	in	ADP
fsr-3856	93	8	the	the	DET
fsr-3856	93	9	cumulative	cumulative	ADJ
fsr-3856	93	10	returns	return	NOUN
fsr-3856	93	11	of	of	ADP
fsr-3856	93	12	the	the	DET
fsr-3856	93	13	lowest	low	ADJ
fsr-3856	93	14	priced	price	VERB
fsr-3856	93	15	stocks	stock	NOUN
fsr-3856	93	16	.	.	PUNCT
fsr-3856	94	1	ball	ball	NOUN
fsr-3856	94	2	et	et	NOUN
fsr-3856	94	3	al	al	PROPN
fsr-3856	94	4	.	.	PROPN
fsr-3856	94	5	(	(	PUNCT
fsr-3856	94	6	1995	1995	NUM
fsr-3856	94	7	)	)	PUNCT
fsr-3856	94	8	also	also	ADV
fsr-3856	94	9	document	document	VERB
fsr-3856	94	10	problems	problem	NOUN
fsr-3856	94	11	in	in	ADP
fsr-3856	94	12	measuring	measure	VERB
fsr-3856	94	13	returns	return	NOUN
fsr-3856	94	14	.	.	PUNCT
fsr-3856	95	1	however	however	ADV
fsr-3856	95	2	,	,	PUNCT
fsr-3856	95	3	loughran	loughran	NOUN
fsr-3856	95	4	and	and	CCONJ
fsr-3856	95	5	ritter	ritter	PROPN
fsr-3856	95	6	(	(	PUNCT
fsr-3856	95	7	1996	1996	NUM
fsr-3856	95	8	)	)	PUNCT
fsr-3856	95	9	dispute	dispute	NOUN
fsr-3856	95	10	conrad	conrad	PROPN
fsr-3856	95	11	and	and	CCONJ
fsr-3856	95	12	kaul	kaul	PROPN
fsr-3856	95	13	’s	’s	PART
fsr-3856	95	14	methodology	methodology	NOUN
fsr-3856	95	15	,	,	PUNCT
fsr-3856	95	16	and	and	CCONJ
fsr-3856	95	17	rozeff	rozeff	NOUN
fsr-3856	95	18	and	and	CCONJ
fsr-3856	95	19	zaman	zaman	NOUN
fsr-3856	95	20	(	(	PUNCT
fsr-3856	95	21	1998	1998	NUM
fsr-3856	95	22	)	)	PUNCT
fsr-3856	95	23	find	find	VERB
fsr-3856	95	24	overreaction	overreaction	NOUN
fsr-3856	95	25	in	in	ADP
fsr-3856	95	26	portfolios	portfolio	NOUN
fsr-3856	95	27	which	which	PRON
fsr-3856	95	28	are	be	AUX
fsr-3856	95	29	not	not	PART
fsr-3856	95	30	affected	affect	VERB
fsr-3856	95	31	by	by	ADP
fsr-3856	95	32	the	the	DET
fsr-3856	95	33	problems	problem	NOUN
fsr-3856	95	34	raised	raise	VERB
fsr-3856	95	35	by	by	ADP
fsr-3856	95	36	ball	ball	NOUN
fsr-3856	95	37	et	et	PROPN
fsr-3856	95	38	al	al	PROPN
fsr-3856	95	39	.	.	PROPN
fsr-3856	96	1	(	(	PUNCT
fsr-3856	96	2	1995	1995	NUM
fsr-3856	96	3	)	)	PUNCT
fsr-3856	96	4	.	.	PUNCT
fsr-3856	97	1	4	4	X
fsr-3856	97	2	.	.	X
fsr-3856	97	3	methodology	methodology	NOUN
fsr-3856	97	4	we	we	PRON
fsr-3856	97	5	follow	follow	VERB
fsr-3856	97	6	the	the	DET
fsr-3856	97	7	empirical	empirical	ADJ
fsr-3856	97	8	testing	testing	NOUN
fsr-3856	97	9	procedures	procedure	NOUN
fsr-3856	97	10	employed	employ	VERB
fsr-3856	97	11	by	by	ADP
fsr-3856	97	12	de	de	X
fsr-3856	97	13	bondt	bondt	NOUN
fsr-3856	97	14	and	and	CCONJ
fsr-3856	97	15	thaler	thaler	NOUN
fsr-3856	97	16	(	(	PUNCT
fsr-3856	97	17	1985	1985	NUM
fsr-3856	97	18	)	)	PUNCT
fsr-3856	97	19	in	in	ADP
fsr-3856	97	20	their	their	PRON
fsr-3856	97	21	original	original	ADJ
fsr-3856	97	22	study	study	NOUN
fsr-3856	97	23	.	.	PUNCT
fsr-3856	98	1	whereas	whereas	SCONJ
fsr-3856	98	2	de	de	PROPN
fsr-3856	98	3	bondt	bondt	NOUN
fsr-3856	98	4	and	and	CCONJ
fsr-3856	98	5	thaler	thaler	PROPN
fsr-3856	98	6	formed	form	VERB
fsr-3856	98	7	winner	winner	NOUN
fsr-3856	98	8	and	and	CCONJ
fsr-3856	98	9	loser	loser	ADJ
fsr-3856	98	10	portfolios	portfolio	NOUN
fsr-3856	98	11	conditional	conditional	ADJ
fsr-3856	98	12	on	on	ADP
fsr-3856	98	13	past	past	ADJ
fsr-3856	98	14	excess	excess	ADJ
fsr-3856	98	15	returns	return	NOUN
fsr-3856	98	16	,	,	PUNCT
fsr-3856	98	17	we	we	PRON
fsr-3856	98	18	form	form	VERB
fsr-3856	98	19	portfolios	portfolio	NOUN
fsr-3856	98	20	of	of	ADP
fsr-3856	98	21	high	high	ADJ
fsr-3856	98	22	-	-	PUNCT
fsr-3856	98	23	yield	yield	NOUN
fsr-3856	98	24	and	and	CCONJ
fsr-3856	98	25	low	low	ADJ
fsr-3856	98	26	-	-	PUNCT
fsr-3856	98	27	yield	yield	NOUN
fsr-3856	98	28	stocks	stock	NOUN
fsr-3856	98	29	based	base	VERB
fsr-3856	98	30	on	on	ADP
fsr-3856	98	31	the	the	DET
fsr-3856	98	32	dividend	dividend	NOUN
fsr-3856	98	33	yields	yield	NOUN
fsr-3856	98	34	at	at	ADP
fsr-3856	98	35	the	the	DET
fsr-3856	98	36	beginning	beginning	NOUN
fsr-3856	98	37	of	of	ADP
fsr-3856	98	38	each	each	DET
fsr-3856	98	39	year	year	NOUN
fsr-3856	98	40	.	.	PUNCT
fsr-3856	99	1	as	as	ADP
fsr-3856	99	2	in	in	ADP
fsr-3856	99	3	the	the	DET
fsr-3856	99	4	de	de	X
fsr-3856	99	5	bondt	bondt	NOUN
fsr-3856	99	6	and	and	CCONJ
fsr-3856	99	7	thaler	thaler	PROPN
fsr-3856	99	8	study	study	PROPN
fsr-3856	99	9	,	,	PUNCT
fsr-3856	99	10	the	the	DET
fsr-3856	99	11	tests	test	NOUN
fsr-3856	99	12	in	in	ADP
fsr-3856	99	13	this	this	DET
fsr-3856	99	14	study	study	NOUN
fsr-3856	99	15	assess	assess	VERB
fsr-3856	99	16	the	the	DET
fsr-3856	99	17	extent	extent	NOUN
fsr-3856	99	18	to	to	PART
fsr-3856	99	19	which	which	PRON
fsr-3856	99	20	systematic	systematic	ADJ
fsr-3856	99	21	nonzero	nonzero	ADJ
fsr-3856	99	22	residual	residual	ADJ
fsr-3856	99	23	return	return	NOUN
fsr-3856	99	24	behavior	behavior	NOUN
fsr-3856	99	25	in	in	ADP
fsr-3856	99	26	the	the	DET
fsr-3856	99	27	twelve	twelve	NUM
fsr-3856	99	28	-	-	PUNCT
fsr-3856	99	29	month	month	NOUN
fsr-3856	99	30	period	period	NOUN
fsr-3856	99	31	after	after	SCONJ
fsr-3856	99	32	portfolio	portfolio	NOUN
fsr-3856	99	33	formation	formation	NOUN
fsr-3856	99	34	is	be	AUX
fsr-3856	99	35	associated	associate	VERB
fsr-3856	99	36	with	with	ADP
fsr-3856	99	37	systematic	systematic	ADJ
fsr-3856	99	38	residual	residual	ADJ
fsr-3856	99	39	returns	return	NOUN
fsr-3856	99	40	in	in	ADP
fsr-3856	99	41	the	the	DET
fsr-3856	99	42	twelve	twelve	NUM
fsr-3856	99	43	-	-	PUNCT
fsr-3856	99	44	month	month	NOUN
fsr-3856	99	45	preformation	preformation	ADJ
fsr-3856	99	46	period	period	NOUN
fsr-3856	99	47	.	.	PUNCT
fsr-3856	100	1	stock	stock	NOUN
fsr-3856	100	2	return	return	NOUN
fsr-3856	100	3	data	datum	NOUN
fsr-3856	100	4	from	from	ADP
fsr-3856	100	5	the	the	DET
fsr-3856	100	6	center	center	NOUN
fsr-3856	100	7	for	for	ADP
fsr-3856	100	8	research	research	NOUN
fsr-3856	100	9	in	in	ADP
fsr-3856	100	10	security	security	NOUN
fsr-3856	100	11	prices	price	NOUN
fsr-3856	100	12	(	(	PUNCT
fsr-3856	100	13	crsp	crsp	NOUN
fsr-3856	100	14	)	)	PUNCT
fsr-3856	100	15	are	be	AUX
fsr-3856	100	16	used	use	VERB
fsr-3856	100	17	for	for	ADP
fsr-3856	100	18	the	the	DET
fsr-3856	100	19	period	period	NOUN
fsr-3856	100	20	between	between	ADP
fsr-3856	100	21	january	january	PROPN
fsr-3856	100	22	1963	1963	NUM
fsr-3856	100	23	and	and	CCONJ
fsr-3856	100	24	december	december	PROPN
fsr-3856	100	25	1997	1997	NUM
fsr-3856	100	26	.	.	PUNCT
fsr-3856	101	1	we	we	PRON
fsr-3856	101	2	use	use	VERB
fsr-3856	101	3	crsp	crsp	ADJ
fsr-3856	101	4	daily	daily	ADJ
fsr-3856	101	5	data	datum	NOUN
fsr-3856	101	6	for	for	ADP
fsr-3856	101	7	computing	compute	VERB
fsr-3856	101	8	dividend	dividend	NOUN
fsr-3856	101	9	yields	yield	NOUN
fsr-3856	101	10	;	;	PUNCT
fsr-3856	101	11	the	the	DET
fsr-3856	101	12	first	first	ADJ
fsr-3856	101	13	full	full	ADJ
fsr-3856	101	14	calendar	calendar	NOUN
fsr-3856	101	15	year	year	NOUN
fsr-3856	101	16	on	on	ADP
fsr-3856	101	17	these	these	DET
fsr-3856	101	18	tapes	tape	NOUN
fsr-3856	101	19	is	be	AUX
fsr-3856	101	20	1963	1963	NUM
fsr-3856	101	21	.	.	PUNCT
fsr-3856	102	1	the	the	DET
fsr-3856	102	2	s&p	s&p	PROPN
fsr-3856	102	3	500	500	NUM
fsr-3856	102	4	is	be	AUX
fsr-3856	102	5	the	the	DET
fsr-3856	102	6	benchmark	benchmark	ADJ
fsr-3856	102	7	portfolio	portfolio	NOUN
fsr-3856	102	8	for	for	ADP
fsr-3856	102	9	market	market	NOUN
fsr-3856	102	10	returns	return	NOUN
fsr-3856	102	11	.	.	PUNCT
fsr-3856	103	1	consistent	consistent	ADJ
fsr-3856	103	2	with	with	ADP
fsr-3856	103	3	the	the	DET
fsr-3856	103	4	de	de	X
fsr-3856	103	5	bondt	bondt	NOUN
fsr-3856	103	6	and	and	CCONJ
fsr-3856	103	7	thaler	thaler	PROPN
fsr-3856	103	8	study	study	PROPN
fsr-3856	103	9	,	,	PUNCT
fsr-3856	103	10	we	we	PRON
fsr-3856	103	11	use	use	VERB
fsr-3856	103	12	market	market	NOUN
fsr-3856	103	13	-	-	PUNCT
fsr-3856	103	14	adjusted	adjust	VERB
fsr-3856	103	15	excess	excess	ADJ
fsr-3856	103	16	return	return	NOUN
fsr-3856	103	17	residuals	residual	NOUN
fsr-3856	103	18	estimated	estimate	VERB
fsr-3856	103	19	asûjt	asûjt	PROPN
fsr-3856	103	20	5	5	NUM
fsr-3856	103	21	rjt	rjt	NOUN
fsr-3856	103	22	2	2	NUM
fsr-3856	103	23	rmt	rmt	NOUN
fsr-3856	103	24	.	.	PUNCT
fsr-3856	104	1	de	de	X
fsr-3856	104	2	bondt	bondt	NOUN
fsr-3856	104	3	and	and	CCONJ
fsr-3856	104	4	thaler	thaler	PROPN
fsr-3856	104	5	show	show	VERB
fsr-3856	104	6	that	that	SCONJ
fsr-3856	104	7	the	the	DET
fsr-3856	104	8	results	result	NOUN
fsr-3856	104	9	of	of	ADP
fsr-3856	104	10	their	their	PRON
fsr-3856	104	11	empirical	empirical	ADJ
fsr-3856	104	12	analysis	analysis	NOUN
fsr-3856	104	13	are	be	AUX
fsr-3856	104	14	not	not	PART
fsr-3856	104	15	affected	affect	VERB
fsr-3856	104	16	by	by	ADP
fsr-3856	104	17	the	the	DET
fsr-3856	104	18	method	method	NOUN
fsr-3856	104	19	for	for	ADP
fsr-3856	104	20	determining	determine	VERB
fsr-3856	104	21	return	return	NOUN
fsr-3856	104	22	residuals	residual	NOUN
fsr-3856	104	23	.	.	PUNCT
fsr-3856	105	1	we	we	PRON
fsr-3856	105	2	follow	follow	VERB
fsr-3856	105	3	a	a	DET
fsr-3856	105	4	five	five	NUM
fsr-3856	105	5	-	-	PUNCT
fsr-3856	105	6	step	step	NOUN
fsr-3856	105	7	testing	testing	NOUN
fsr-3856	105	8	procedure	procedure	NOUN
fsr-3856	105	9	similar	similar	ADJ
fsr-3856	105	10	to	to	ADP
fsr-3856	105	11	de	de	X
fsr-3856	105	12	bondt	bondt	NOUN
fsr-3856	105	13	and	and	CCONJ
fsr-3856	105	14	thaler	thaler	PROPN
fsr-3856	105	15	(	(	PUNCT
fsr-3856	105	16	1985	1985	NUM
fsr-3856	105	17	,	,	PUNCT
fsr-3856	105	18	pp	pp	ADJ
fsr-3856	105	19	.	.	PUNCT
fsr-3856	106	1	797–798	797–798	NUM
fsr-3856	106	2	):	):	PUNCT
fsr-3856	106	3	1	1	NUM
fsr-3856	106	4	.	.	X
fsr-3856	107	1	for	for	ADP
fsr-3856	107	2	each	each	DET
fsr-3856	107	3	stockj	stockj	NOUN
fsr-3856	107	4	and	and	CCONJ
fsr-3856	107	5	each	each	DET
fsr-3856	107	6	montht	montht	NOUN
fsr-3856	107	7	,	,	PUNCT
fsr-3856	107	8	return	return	VERB
fsr-3856	107	9	residuals	residual	NOUN
fsr-3856	107	10	are	be	AUX
fsr-3856	107	11	determined	determine	VERB
fsr-3856	107	12	as	as	ADP
fsr-3856	107	13	described	describe	VERB
fsr-3856	107	14	above	above	ADV
fsr-3856	107	15	.	.	PUNCT
fsr-3856	108	1	at	at	ADP
fsr-3856	108	2	the	the	DET
fsr-3856	108	3	beginning	beginning	NOUN
fsr-3856	108	4	of	of	ADP
fsr-3856	108	5	each	each	DET
fsr-3856	108	6	year	year	NOUN
fsr-3856	108	7	,	,	PUNCT
fsr-3856	108	8	the	the	DET
fsr-3856	108	9	dividend	dividend	NOUN
fsr-3856	108	10	yield	yield	NOUN
fsr-3856	108	11	for	for	ADP
fsr-3856	108	12	each	each	DET
fsr-3856	108	13	stock	stock	NOUN
fsr-3856	108	14	in	in	ADP
fsr-3856	108	15	the	the	DET
fsr-3856	108	16	djia	djia	PROPN
fsr-3856	108	17	is	be	AUX
fsr-3856	108	18	determined	determine	VERB
fsr-3856	108	19	.	.	PUNCT
fsr-3856	109	1	the	the	DET
fsr-3856	109	2	stocks	stock	NOUN
fsr-3856	109	3	are	be	AUX
fsr-3856	109	4	then	then	ADV
fsr-3856	109	5	ranked	rank	VERB
fsr-3856	109	6	according	accord	VERB
fsr-3856	109	7	to	to	ADP
fsr-3856	109	8	dividend	dividend	NOUN
fsr-3856	109	9	yield	yield	NOUN
fsr-3856	109	10	.	.	PUNCT
fsr-3856	110	1	the	the	DET
fsr-3856	110	2	ten	ten	NUM
fsr-3856	110	3	stocks	stock	NOUN
fsr-3856	110	4	with	with	ADP
fsr-3856	110	5	the	the	DET
fsr-3856	110	6	highest	high	ADJ
fsr-3856	110	7	dividend	dividend	NOUN
fsr-3856	110	8	yields	yield	NOUN
fsr-3856	110	9	comprise	comprise	VERB
fsr-3856	110	10	the	the	DET
fsr-3856	110	11	high	high	ADJ
fsr-3856	110	12	-	-	PUNCT
fsr-3856	110	13	yield	yield	NOUN
fsr-3856	110	14	portfolio	portfolio	NOUN
fsr-3856	110	15	,	,	PUNCT
fsr-3856	110	16	while	while	SCONJ
fsr-3856	110	17	the	the	DET
fsr-3856	110	18	ten	ten	NUM
fsr-3856	110	19	lowest	low	ADJ
fsr-3856	110	20	149d.l	149d.l	NUM
fsr-3856	110	21	.	.	PUNCT
fsr-3856	111	1	domian	domian	PROPN
fsr-3856	111	2	et	et	PROPN
fsr-3856	111	3	al	al	PROPN
fsr-3856	111	4	.	.	PUNCT
fsr-3856	111	5	/	/	SYM
fsr-3856	111	6	financial	financial	ADJ
fsr-3856	111	7	services	service	NOUN
fsr-3856	111	8	review	review	VERB
fsr-3856	111	9	7	7	NUM
fsr-3856	111	10	(	(	PUNCT
fsr-3856	111	11	1998	1998	NUM
fsr-3856	111	12	)	)	PUNCT
fsr-3856	111	13	145–159	145–159	NUM
fsr-3856	111	14	form	form	VERB
fsr-3856	111	15	the	the	DET
fsr-3856	111	16	low	low	ADJ
fsr-3856	111	17	-	-	PUNCT
fsr-3856	111	18	yield	yield	NOUN
fsr-3856	111	19	portfolio	portfolio	NOUN
fsr-3856	111	20	.	.	PUNCT
fsr-3856	112	1	all	all	DET
fsr-3856	112	2	portfolios	portfolio	NOUN
fsr-3856	112	3	are	be	AUX
fsr-3856	112	4	equally	equally	ADV
fsr-3856	112	5	weighted	weight	VERB
fsr-3856	112	6	.	.	PUNCT
fsr-3856	113	1	this	this	DET
fsr-3856	113	2	procedure	procedure	NOUN
fsr-3856	113	3	is	be	AUX
fsr-3856	113	4	repeated	repeat	VERB
fsr-3856	113	5	each	each	DET
fsr-3856	113	6	year	year	NOUN
fsr-3856	113	7	from	from	ADP
fsr-3856	113	8	1964	1964	NUM
fsr-3856	113	9	to	to	ADP
fsr-3856	113	10	1997	1997	NUM
fsr-3856	113	11	.	.	PUNCT
fsr-3856	114	1	although	although	SCONJ
fsr-3856	114	2	the	the	DET
fsr-3856	114	3	djia	djia	PROPN
fsr-3856	114	4	consists	consist	VERB
fsr-3856	114	5	of	of	ADP
fsr-3856	114	6	exactly	exactly	ADV
fsr-3856	114	7	30	30	NUM
fsr-3856	114	8	firms	firm	NOUN
fsr-3856	114	9	at	at	ADP
fsr-3856	114	10	any	any	DET
fsr-3856	114	11	point	point	NOUN
fsr-3856	114	12	in	in	ADP
fsr-3856	114	13	time	time	NOUN
fsr-3856	114	14	,	,	PUNCT
fsr-3856	114	15	43	43	NUM
fsr-3856	114	16	different	different	ADJ
fsr-3856	114	17	firms	firm	NOUN
fsr-3856	114	18	appeared	appear	VERB
fsr-3856	114	19	in	in	ADP
fsr-3856	114	20	the	the	DET
fsr-3856	114	21	dow	dow	NOUN
fsr-3856	114	22	for	for	ADP
fsr-3856	114	23	at	at	ADV
fsr-3856	114	24	least	least	ADJ
fsr-3856	114	25	a	a	PRON
fsr-3856	114	26	portion	portion	NOUN
fsr-3856	114	27	of	of	ADP
fsr-3856	114	28	our	our	PRON
fsr-3856	114	29	sample	sample	NOUN
fsr-3856	114	30	period	period	NOUN
fsr-3856	114	31	.	.	PUNCT
fsr-3856	115	1	2	2	X
fsr-3856	115	2	.	.	X
fsr-3856	115	3	for	for	ADP
fsr-3856	115	4	each	each	DET
fsr-3856	115	5	high	high	ADJ
fsr-3856	115	6	-	-	PUNCT
fsr-3856	115	7	yield	yield	NOUN
fsr-3856	115	8	portfolio	portfolio	NOUN
fsr-3856	115	9	,	,	PUNCT
fsr-3856	115	10	24	24	NUM
fsr-3856	115	11	average	average	ADJ
fsr-3856	115	12	portfolio	portfolio	NOUN
fsr-3856	115	13	residualsarh	residualsarh	VERB
fsr-3856	115	14	,	,	PUNCT
fsr-3856	115	15	n	n	CCONJ
fsr-3856	115	16	,	,	PUNCT
fsr-3856	115	17	t	t	PROPN
fsr-3856	115	18	are	be	AUX
fsr-3856	115	19	calculated	calculate	VERB
fsr-3856	115	20	for	for	ADP
fsr-3856	115	21	each	each	PRON
fsr-3856	115	22	of	of	ADP
fsr-3856	115	23	the	the	DET
fsr-3856	115	24	twelve	twelve	NUM
fsr-3856	115	25	months	month	NOUN
fsr-3856	115	26	before	before	ADP
fsr-3856	115	27	and	and	CCONJ
fsr-3856	115	28	twelve	twelve	NUM
fsr-3856	115	29	months	month	NOUN
fsr-3856	115	30	after	after	ADP
fsr-3856	115	31	the	the	DET
fsr-3856	115	32	formation	formation	NOUN
fsr-3856	115	33	date	date	NOUN
fsr-3856	115	34	(	(	PUNCT
fsr-3856	115	35	i.e.	i.e.	X
fsr-3856	115	36	,	,	PUNCT
fsr-3856	115	37	the	the	DET
fsr-3856	115	38	first	first	ADJ
fsr-3856	115	39	trading	trading	NOUN
fsr-3856	115	40	day	day	NOUN
fsr-3856	115	41	of	of	ADP
fsr-3856	115	42	the	the	DET
fsr-3856	115	43	year	year	NOUN
fsr-3856	115	44	)	)	PUNCT
fsr-3856	115	45	.	.	PUNCT
fsr-3856	116	1	the	the	DET
fsr-3856	116	2	twelve	twelve	NUM
fsr-3856	116	3	preformation	preformation	ADJ
fsr-3856	116	4	months	month	NOUN
fsr-3856	116	5	are	be	AUX
fsr-3856	116	6	denoted	denote	VERB
fsr-3856	116	7	byt	byt	ADJ
fsr-3856	116	8	5	5	NUM
fsr-3856	116	9	211	211	NUM
fsr-3856	116	10	to	to	ADP
fsr-3856	116	11	t	t	PROPN
fsr-3856	116	12	5	5	NUM
fsr-3856	116	13	0	0	NUM
fsr-3856	116	14	,	,	PUNCT
fsr-3856	116	15	with	with	ADP
fsr-3856	116	16	t	t	PROPN
fsr-3856	116	17	5	5	NUM
fsr-3856	116	18	0	0	NUM
fsr-3856	116	19	representing	represent	VERB
fsr-3856	116	20	the	the	DET
fsr-3856	116	21	prior	prior	ADJ
fsr-3856	116	22	month	month	NOUN
fsr-3856	116	23	of	of	ADP
fsr-3856	116	24	december	december	PROPN
fsr-3856	116	25	.	.	PUNCT
fsr-3856	117	1	similarly	similarly	ADV
fsr-3856	117	2	,	,	PUNCT
fsr-3856	117	3	t	t	PROPN
fsr-3856	117	4	5	5	NUM
fsr-3856	117	5	11	11	NUM
fsr-3856	117	6	to	to	ADP
fsr-3856	117	7	t	t	PROPN
fsr-3856	117	8	5	5	NUM
fsr-3856	117	9	112	112	NUM
fsr-3856	117	10	denote	denote	VERB
fsr-3856	117	11	the	the	DET
fsr-3856	117	12	twelve	twelve	NUM
fsr-3856	117	13	postformation	postformation	NOUN
fsr-3856	117	14	months	month	NOUN
fsr-3856	117	15	witht	witht	NOUN
fsr-3856	117	16	5	5	NUM
fsr-3856	117	17	11	11	NUM
fsr-3856	117	18	representing	represent	VERB
fsr-3856	117	19	the	the	DET
fsr-3856	117	20	month	month	NOUN
fsr-3856	117	21	of	of	ADP
fsr-3856	117	22	january	january	PROPN
fsr-3856	117	23	.	.	PUNCT
fsr-3856	118	1	twenty	twenty	NUM
fsr-3856	118	2	-	-	PUNCT
fsr-3856	118	3	four	four	NUM
fsr-3856	118	4	average	average	ADJ
fsr-3856	118	5	portfolio	portfolio	NOUN
fsr-3856	118	6	residualsarl	residualsarl	NOUN
fsr-3856	118	7	,	,	PUNCT
fsr-3856	118	8	n	n	CCONJ
fsr-3856	118	9	,	,	PUNCT
fsr-3856	118	10	t	t	PROPN
fsr-3856	118	11	are	be	AUX
fsr-3856	118	12	also	also	ADV
fsr-3856	118	13	determined	determined	ADJ
fsr-3856	118	14	for	for	ADP
fsr-3856	118	15	each	each	PRON
fsr-3856	118	16	of	of	ADP
fsr-3856	118	17	the	the	DET
fsr-3856	118	18	low	low	ADJ
fsr-3856	118	19	-	-	PUNCT
fsr-3856	118	20	yield	yield	NOUN
fsr-3856	118	21	portfolios	portfolio	NOUN
fsr-3856	118	22	.	.	PUNCT
fsr-3856	119	1	3	3	X
fsr-3856	119	2	.	.	X
fsr-3856	119	3	for	for	ADP
fsr-3856	119	4	each	each	DET
fsr-3856	119	5	month	month	NOUN
fsr-3856	119	6	fromt	fromt	ADJ
fsr-3856	119	7	5	5	NUM
fsr-3856	119	8	211	211	NUM
fsr-3856	119	9	to	to	ADP
fsr-3856	119	10	t	t	PROPN
fsr-3856	119	11	5	5	NUM
fsr-3856	119	12	112	112	NUM
fsr-3856	119	13	,	,	PUNCT
fsr-3856	119	14	we	we	PRON
fsr-3856	119	15	compute	compute	VERB
fsr-3856	119	16	an	an	DET
fsr-3856	119	17	average	average	NOUN
fsr-3856	119	18	of	of	ADP
fsr-3856	119	19	the	the	DET
fsr-3856	119	20	average	average	ADJ
fsr-3856	119	21	portfolio	portfolio	NOUN
fsr-3856	119	22	residuals	residual	NOUN
fsr-3856	119	23	over	over	ADP
fsr-3856	119	24	the	the	DET
fsr-3856	119	25	sample	sample	NOUN
fsr-3856	119	26	period	period	NOUN
fsr-3856	119	27	for	for	ADP
fsr-3856	119	28	both	both	CCONJ
fsr-3856	119	29	high	high	ADJ
fsr-3856	119	30	-	-	PUNCT
fsr-3856	119	31	yield	yield	NOUN
fsr-3856	119	32	(	(	PUNCT
fsr-3856	119	33	aarh	aarh	PROPN
fsr-3856	119	34	,	,	PUNCT
fsr-3856	119	35	t	t	PROPN
fsr-3856	119	36	)	)	PUNCT
fsr-3856	119	37	and	and	CCONJ
fsr-3856	119	38	low	low	ADJ
fsr-3856	119	39	-	-	PUNCT
fsr-3856	119	40	yield	yield	NOUN
fsr-3856	119	41	(	(	PUNCT
fsr-3856	119	42	aarl	aarl	PROPN
fsr-3856	119	43	,	,	PUNCT
fsr-3856	119	44	t	t	PROPN
fsr-3856	119	45	)	)	PUNCT
fsr-3856	119	46	portfolios	portfolio	NOUN
fsr-3856	119	47	.	.	PUNCT
fsr-3856	120	1	cumulative	cumulative	ADJ
fsr-3856	120	2	average	average	ADJ
fsr-3856	120	3	average	average	ADJ
fsr-3856	120	4	residuals	residual	NOUN
fsr-3856	120	5	are	be	AUX
fsr-3856	120	6	computed	compute	VERB
fsr-3856	120	7	for	for	ADP
fsr-3856	120	8	the	the	DET
fsr-3856	120	9	highyield	highyield	NOUN
fsr-3856	120	10	portfolios	portfolio	NOUN
fsr-3856	120	11	over	over	ADP
fsr-3856	120	12	the	the	DET
fsr-3856	120	13	twelve	twelve	NUM
fsr-3856	120	14	preformation	preformation	ADJ
fsr-3856	120	15	months	month	NOUN
fsr-3856	120	16	according	accord	VERB
fsr-3856	120	17	to	to	ADP
fsr-3856	120	18	the	the	DET
fsr-3856	120	19	formula	formula	NOUN
fsr-3856	120	20	:	:	PUNCT
fsr-3856	120	21	caarh	caarh	ADJ
fsr-3856	120	22	,	,	PUNCT
fsr-3856	120	23	t	t	PROPN
fsr-3856	120	24	5	5	NUM
fsr-3856	120	25	o	o	NOUN
fsr-3856	120	26	s5211	s5211	PROPN
fsr-3856	120	27	t	t	PROPN
fsr-3856	120	28	aarh	aarh	PROPN
fsr-3856	120	29	,	,	PUNCT
fsr-3856	120	30	s	s	PART
fsr-3856	120	31	(	(	PUNCT
fsr-3856	120	32	1	1	NUM
fsr-3856	120	33	)	)	PUNCT
fsr-3856	120	34	for	for	ADP
fsr-3856	120	35	t	t	PROPN
fsr-3856	120	36	5	5	NUM
fsr-3856	120	37	211	211	NUM
fsr-3856	120	38	to	to	ADP
fsr-3856	120	39	0	0	NUM
fsr-3856	120	40	.	.	PUNCT
fsr-3856	121	1	the	the	DET
fsr-3856	121	2	low	low	ADJ
fsr-3856	121	3	-	-	PUNCT
fsr-3856	121	4	yield	yield	NOUN
fsr-3856	121	5	cumulative	cumulative	ADJ
fsr-3856	121	6	residualscaarl	residualscaarl	NOUN
fsr-3856	121	7	,	,	PUNCT
fsr-3856	121	8	t	t	PROPN
fsr-3856	121	9	are	be	AUX
fsr-3856	121	10	calculated	calculate	VERB
fsr-3856	121	11	similarly	similarly	ADV
fsr-3856	121	12	.	.	PUNCT
fsr-3856	122	1	postformation	postformation	NOUN
fsr-3856	122	2	cumulative	cumulative	ADJ
fsr-3856	122	3	residuals	residual	NOUN
fsr-3856	122	4	are	be	AUX
fsr-3856	122	5	computed	compute	VERB
fsr-3856	122	6	separately	separately	ADV
fsr-3856	122	7	,	,	PUNCT
fsr-3856	122	8	restarting	restart	VERB
fsr-3856	122	9	the	the	DET
fsr-3856	122	10	cumulation	cumulation	NOUN
fsr-3856	122	11	at	at	ADP
fsr-3856	122	12	the	the	DET
fsr-3856	122	13	formation	formation	NOUN
fsr-3856	122	14	point	point	NOUN
fsr-3856	122	15	.	.	PUNCT
fsr-3856	123	1	the	the	DET
fsr-3856	123	2	high	high	ADJ
fsr-3856	123	3	-	-	PUNCT
fsr-3856	123	4	yield	yield	NOUN
fsr-3856	123	5	residuals	residual	NOUN
fsr-3856	123	6	are	be	AUX
fsr-3856	123	7	:	:	PUNCT
fsr-3856	123	8	caarh	caarh	ADJ
fsr-3856	123	9	,	,	PUNCT
fsr-3856	123	10	t	t	PROPN
fsr-3856	123	11	5	5	NUM
fsr-3856	123	12	o	o	NOUN
fsr-3856	123	13	s51	s51	PROPN
fsr-3856	123	14	t	t	PROPN
fsr-3856	123	15	aarh	aarh	PROPN
fsr-3856	123	16	,	,	PUNCT
fsr-3856	123	17	s	s	PART
fsr-3856	123	18	(	(	PUNCT
fsr-3856	123	19	2	2	NUM
fsr-3856	123	20	)	)	PUNCT
fsr-3856	123	21	for	for	ADP
fsr-3856	123	22	t	t	PROPN
fsr-3856	123	23	5	5	NUM
fsr-3856	123	24	1	1	NUM
fsr-3856	123	25	to	to	ADP
fsr-3856	123	26	12	12	NUM
fsr-3856	123	27	.	.	PUNCT
fsr-3856	124	1	postformation	postformation	NOUN
fsr-3856	124	2	low	low	ADJ
fsr-3856	124	3	-	-	PUNCT
fsr-3856	124	4	yield	yield	NOUN
fsr-3856	124	5	cumulative	cumulative	ADJ
fsr-3856	124	6	residuals	residual	NOUN
fsr-3856	124	7	are	be	AUX
fsr-3856	124	8	similar	similar	ADJ
fsr-3856	124	9	.	.	PUNCT
fsr-3856	125	1	4	4	X
fsr-3856	125	2	.	.	X
fsr-3856	125	3	if	if	SCONJ
fsr-3856	125	4	dividend	dividend	NOUN
fsr-3856	125	5	yields	yield	NOUN
fsr-3856	125	6	are	be	AUX
fsr-3856	125	7	related	relate	VERB
fsr-3856	125	8	to	to	ADP
fsr-3856	125	9	stock	stock	NOUN
fsr-3856	125	10	price	price	NOUN
fsr-3856	125	11	changes	change	NOUN
fsr-3856	125	12	during	during	ADP
fsr-3856	125	13	the	the	DET
fsr-3856	125	14	preformation	preformation	ADJ
fsr-3856	125	15	months	month	NOUN
fsr-3856	125	16	,	,	PUNCT
fsr-3856	125	17	then	then	ADV
fsr-3856	125	18	we	we	PRON
fsr-3856	125	19	would	would	AUX
fsr-3856	125	20	expect	expect	VERB
fsr-3856	125	21	thatcaarh	thatcaarh	NOUN
fsr-3856	125	22	,	,	PUNCT
fsr-3856	125	23	t	t	PROPN
fsr-3856	125	24	,	,	PUNCT
fsr-3856	125	25	0	0	NUM
fsr-3856	125	26	andcaarl	andcaarl	NOUN
fsr-3856	125	27	,	,	PUNCT
fsr-3856	125	28	t	t	NOUN
fsr-3856	125	29	.	.	PUNCT
fsr-3856	125	30	0	0	PUNCT
fsr-3856	126	1	for	for	ADP
fsr-3856	126	2	t	t	NOUN
fsr-3856	126	3	#	#	NOUN
fsr-3856	126	4	0	0	NUM
fsr-3856	126	5	.	.	PUNCT
fsr-3856	127	1	the	the	DET
fsr-3856	127	2	overreaction	overreaction	NOUN
fsr-3856	127	3	hypothesis	hypothesis	NOUN
fsr-3856	127	4	then	then	ADV
fsr-3856	127	5	predicts	predict	VERB
fsr-3856	127	6	that	that	DET
fsr-3856	127	7	fort	fort	NOUN
fsr-3856	127	8	.	.	PUNCT
fsr-3856	128	1	0	0	NUM
fsr-3856	128	2	,	,	PUNCT
fsr-3856	128	3	caarh	caarh	ADJ
fsr-3856	128	4	,	,	PUNCT
fsr-3856	128	5	t	t	NOUN
fsr-3856	128	6	.	.	PUNCT
fsr-3856	128	7	0	0	PUNCT
fsr-3856	129	1	andcaarl	andcaarl	NOUN
fsr-3856	129	2	,	,	PUNCT
fsr-3856	129	3	t	t	NOUN
fsr-3856	129	4	,	,	PUNCT
fsr-3856	129	5	0	0	X
fsr-3856	129	6	.	.	PUNCT
fsr-3856	130	1	this	this	PRON
fsr-3856	130	2	implies	imply	VERB
fsr-3856	130	3	that	that	SCONJ
fsr-3856	130	4	,	,	PUNCT
fsr-3856	130	5	for	for	ADP
fsr-3856	130	6	time	time	NOUN
fsr-3856	130	7	periodst	periodst	NOUN
fsr-3856	130	8	#	#	NOUN
fsr-3856	130	9	0	0	NUM
fsr-3856	130	10	,	,	PUNCT
fsr-3856	130	11	[	[	X
fsr-3856	130	12	caarh	caarh	ADJ
fsr-3856	130	13	,	,	PUNCT
fsr-3856	130	14	t	t	PROPN
fsr-3856	130	15	2	2	NUM
fsr-3856	130	16	caarl	caarl	NOUN
fsr-3856	130	17	,	,	PUNCT
fsr-3856	130	18	t	t	PROPN
fsr-3856	130	19	]	]	PUNCT
fsr-3856	130	20	,	,	PUNCT
fsr-3856	130	21	0	0	NUM
fsr-3856	130	22	and	and	CCONJ
fsr-3856	130	23	,	,	PUNCT
fsr-3856	130	24	fort	fort	NOUN
fsr-3856	130	25	.	.	PUNCT
fsr-3856	131	1	0	0	NUM
fsr-3856	131	2	,	,	PUNCT
fsr-3856	131	3	[	[	X
fsr-3856	131	4	caarh	caarh	ADJ
fsr-3856	131	5	,	,	PUNCT
fsr-3856	131	6	t	t	PROPN
fsr-3856	131	7	2	2	NUM
fsr-3856	131	8	caarl	caarl	NOUN
fsr-3856	131	9	,	,	PUNCT
fsr-3856	131	10	t	t	PROPN
fsr-3856	131	11	]	]	PUNCT
fsr-3856	131	12	.	.	PUNCT
fsr-3856	132	1	0	0	X
fsr-3856	132	2	.	.	PUNCT
fsr-3856	132	3	to	to	PART
fsr-3856	132	4	determine	determine	VERB
fsr-3856	132	5	whether	whether	SCONJ
fsr-3856	132	6	,	,	PUNCT
fsr-3856	132	7	at	at	ADP
fsr-3856	132	8	any	any	DET
fsr-3856	132	9	timet	timet	NOUN
fsr-3856	132	10	,	,	PUNCT
fsr-3856	132	11	the	the	DET
fsr-3856	132	12	difference	difference	NOUN
fsr-3856	132	13	in	in	ADP
fsr-3856	132	14	returns	return	NOUN
fsr-3856	132	15	between	between	ADP
fsr-3856	132	16	the	the	DET
fsr-3856	132	17	high	high	ADJ
fsr-3856	132	18	-	-	PUNCT
fsr-3856	132	19	yield	yield	NOUN
fsr-3856	132	20	and	and	CCONJ
fsr-3856	132	21	low	low	ADJ
fsr-3856	132	22	-	-	PUNCT
fsr-3856	132	23	yield	yield	NOUN
fsr-3856	132	24	portfolios	portfolio	NOUN
fsr-3856	132	25	is	be	AUX
fsr-3856	132	26	statistically	statistically	ADV
fsr-3856	132	27	significant	significant	ADJ
fsr-3856	132	28	,	,	PUNCT
fsr-3856	132	29	we	we	PRON
fsr-3856	132	30	find	find	VERB
fsr-3856	132	31	a	a	DET
fsr-3856	132	32	pooled	pooled	ADJ
fsr-3856	132	33	estimate	estimate	NOUN
fsr-3856	132	34	of	of	ADP
fsr-3856	132	35	the	the	DET
fsr-3856	132	36	population	population	NOUN
fsr-3856	132	37	variance	variance	NOUN
fsr-3856	132	38	:	:	PUNCT
fsr-3856	132	39	st	st	PROPN
fsr-3856	132	40	2	2	NUM
fsr-3856	132	41	5	5	NUM
fsr-3856	132	42	o	o	NOUN
fsr-3856	132	43	n51	n51	NOUN
fsr-3856	132	44	n	n	NOUN
fsr-3856	132	45	~carh	~carh	NUM
fsr-3856	132	46	,	,	PUNCT
fsr-3856	132	47	n	n	CCONJ
fsr-3856	132	48	,	,	PUNCT
fsr-3856	132	49	t	t	PROPN
fsr-3856	132	50	2	2	NUM
fsr-3856	132	51	caarh	caarh	NOUN
fsr-3856	132	52	,	,	PUNCT
fsr-3856	132	53	t	t	PROPN
fsr-3856	132	54	!	!	NOUN
fsr-3856	132	55	2	2	NUM
fsr-3856	132	56	1	1	NUM
fsr-3856	132	57	o	o	NOUN
fsr-3856	132	58	n51	n51	NOUN
fsr-3856	132	59	n	n	NOUN
fsr-3856	132	60	~carl	~carl	NOUN
fsr-3856	132	61	,	,	PUNCT
fsr-3856	132	62	n	n	CCONJ
fsr-3856	132	63	,	,	PUNCT
fsr-3856	132	64	t	t	PROPN
fsr-3856	132	65	2	2	NUM
fsr-3856	132	66	caarl	caarl	NOUN
fsr-3856	132	67	,	,	PUNCT
fsr-3856	132	68	t	t	PROPN
fsr-3856	132	69	!	!	NOUN
fsr-3856	132	70	2	2	NUM
fsr-3856	132	71	2	2	NUM
fsr-3856	132	72	~	~	SYM
fsr-3856	132	73	n	n	CCONJ
fsr-3856	132	74	2	2	NUM
fsr-3856	132	75	1	1	NUM
fsr-3856	132	76	!	!	PUNCT
fsr-3856	133	1	(	(	PUNCT
fsr-3856	133	2	3	3	X
fsr-3856	133	3	)	)	PUNCT
fsr-3856	133	4	with	with	ADP
fsr-3856	133	5	two	two	NUM
fsr-3856	133	6	samples	sample	NOUN
fsr-3856	133	7	of	of	ADP
fsr-3856	133	8	equal	equal	ADJ
fsr-3856	133	9	sizen	sizen	NOUN
fsr-3856	133	10	(	(	PUNCT
fsr-3856	133	11	the	the	DET
fsr-3856	133	12	number	number	NOUN
fsr-3856	133	13	of	of	ADP
fsr-3856	133	14	portfolio	portfolio	NOUN
fsr-3856	133	15	formation	formation	NOUN
fsr-3856	133	16	years	year	NOUN
fsr-3856	133	17	in	in	ADP
fsr-3856	133	18	the	the	DET
fsr-3856	133	19	sample	sample	NOUN
fsr-3856	133	20	period	period	NOUN
fsr-3856	133	21	)	)	PUNCT
fsr-3856	133	22	,	,	PUNCT
fsr-3856	133	23	the	the	DET
fsr-3856	133	24	variance	variance	NOUN
fsr-3856	133	25	of	of	ADP
fsr-3856	133	26	the	the	DET
fsr-3856	133	27	difference	difference	NOUN
fsr-3856	133	28	of	of	ADP
fsr-3856	133	29	sample	sample	NOUN
fsr-3856	133	30	means	mean	VERB
fsr-3856	133	31	equals2st	equals2st	PROPN
fsr-3856	133	32	2	2	NUM
fsr-3856	133	33	/	/	SYM
fsr-3856	133	34	n	n	NOUN
fsr-3856	133	35	and	and	CCONJ
fsr-3856	133	36	the	the	DET
fsr-3856	133	37	t	t	NOUN
fsr-3856	133	38	-	-	PUNCT
fsr-3856	133	39	statistic	statistic	NOUN
fsr-3856	133	40	is	be	AUX
fsr-3856	133	41	:	:	PUNCT
fsr-3856	133	42	150	150	NUM
fsr-3856	133	43	d.l	d.l	NOUN
fsr-3856	133	44	.	.	PROPN
fsr-3856	134	1	domian	domian	PROPN
fsr-3856	134	2	et	et	PROPN
fsr-3856	134	3	al	al	PROPN
fsr-3856	134	4	.	.	PUNCT
fsr-3856	134	5	/	/	SYM
fsr-3856	134	6	financial	financial	ADJ
fsr-3856	134	7	services	service	NOUN
fsr-3856	134	8	review	review	VERB
fsr-3856	134	9	7	7	NUM
fsr-3856	134	10	(	(	PUNCT
fsr-3856	134	11	1998	1998	NUM
fsr-3856	134	12	)	)	PUNCT
fsr-3856	135	1	145–159	145–159	NUM
fsr-3856	135	2	tt	tt	PROPN
fsr-3856	135	3	5	5	NUM
fsr-3856	135	4	~caarh	~caarh	PROPN
fsr-3856	135	5	,	,	PUNCT
fsr-3856	135	6	t	t	PROPN
fsr-3856	135	7	2	2	NUM
fsr-3856	135	8	caarl	caarl	NOUN
fsr-3856	135	9	,	,	PUNCT
fsr-3856	135	10	t	t	PROPN
fsr-3856	135	11	!	!	PUNCT
fsr-3856	135	12	î2st	î2st	X
fsr-3856	136	1	2	2	NUM
fsr-3856	136	2	/	/	SYM
fsr-3856	136	3	n	n	CCONJ
fsr-3856	136	4	(	(	PUNCT
fsr-3856	136	5	4	4	NUM
fsr-3856	136	6	)	)	PUNCT
fsr-3856	136	7	for	for	ADP
fsr-3856	136	8	each	each	PRON
fsr-3856	136	9	of	of	ADP
fsr-3856	136	10	the	the	DET
fsr-3856	136	11	twelve	twelve	NUM
fsr-3856	136	12	preformation	preformation	NOUN
fsr-3856	136	13	and	and	CCONJ
fsr-3856	136	14	twelve	twelve	NUM
fsr-3856	136	15	postformation	postformation	NOUN
fsr-3856	136	16	months	month	NOUN
fsr-3856	136	17	,	,	PUNCT
fsr-3856	136	18	relevant	relevant	ADJ
fsr-3856	136	19	t	t	PROPN
fsr-3856	136	20	-	-	PUNCT
fsr-3856	136	21	statistics	statistic	NOUN
fsr-3856	136	22	can	can	AUX
fsr-3856	136	23	be	be	AUX
fsr-3856	136	24	found	find	VERB
fsr-3856	136	25	but	but	CCONJ
fsr-3856	136	26	,	,	PUNCT
fsr-3856	136	27	as	as	SCONJ
fsr-3856	136	28	noted	note	VERB
fsr-3856	136	29	by	by	ADP
fsr-3856	136	30	de	de	X
fsr-3856	136	31	bondt	bondt	NOUN
fsr-3856	136	32	and	and	CCONJ
fsr-3856	136	33	thaler	thaler	NOUN
fsr-3856	136	34	,	,	PUNCT
fsr-3856	136	35	they	they	PRON
fsr-3856	136	36	do	do	AUX
fsr-3856	136	37	not	not	PART
fsr-3856	136	38	represent	represent	VERB
fsr-3856	136	39	independent	independent	ADJ
fsr-3856	136	40	evidence	evidence	NOUN
fsr-3856	136	41	.	.	PUNCT
fsr-3856	137	1	5	5	X
fsr-3856	137	2	.	.	PUNCT
fsr-3856	137	3	to	to	PART
fsr-3856	137	4	determine	determine	VERB
fsr-3856	137	5	whether	whether	SCONJ
fsr-3856	137	6	a	a	DET
fsr-3856	137	7	high	high	ADJ
fsr-3856	137	8	-	-	PUNCT
fsr-3856	137	9	yield	yield	NOUN
fsr-3856	137	10	average	average	ADJ
fsr-3856	137	11	residual	residual	NOUN
fsr-3856	137	12	for	for	ADP
fsr-3856	137	13	some	some	DET
fsr-3856	137	14	montht	montht	NOUN
fsr-3856	137	15	is	be	AUX
fsr-3856	137	16	significantly	significantly	ADV
fsr-3856	137	17	different	different	ADJ
fsr-3856	137	18	from	from	ADP
fsr-3856	137	19	zero	zero	NUM
fsr-3856	137	20	,	,	PUNCT
fsr-3856	137	21	we	we	PRON
fsr-3856	137	22	first	first	ADV
fsr-3856	137	23	compute	compute	VERB
fsr-3856	137	24	the	the	DET
fsr-3856	137	25	sample	sample	NOUN
fsr-3856	137	26	standard	standard	ADJ
fsr-3856	137	27	deviation	deviation	NOUN
fsr-3856	137	28	:	:	PUNCT
fsr-3856	137	29	st	st	PROPN
fsr-3856	137	30	5	5	NUM
fsr-3856	137	31	îo	îo	PROPN
fsr-3856	137	32	n51	n51	ADJ
fsr-3856	137	33	n	n	X
fsr-3856	137	34	~	~	PUNCT
fsr-3856	137	35	arh	arh	X
fsr-3856	137	36	,	,	PUNCT
fsr-3856	137	37	n	n	CCONJ
fsr-3856	137	38	,	,	PUNCT
fsr-3856	137	39	t	t	PROPN
fsr-3856	137	40	2	2	NUM
fsr-3856	137	41	aarh	aarh	NOUN
fsr-3856	137	42	,	,	PUNCT
fsr-3856	137	43	t	t	PROPN
fsr-3856	137	44	!	!	PROPN
fsr-3856	137	45	2	2	NUM
fsr-3856	137	46	~n	~n	NUM
fsr-3856	137	47	2	2	NUM
fsr-3856	137	48	1	1	NUM
fsr-3856	137	49	!	!	PUNCT
fsr-3856	138	1	(	(	PUNCT
fsr-3856	138	2	5	5	X
fsr-3856	138	3	)	)	PUNCT
fsr-3856	138	4	the	the	DET
fsr-3856	138	5	t	t	PROPN
fsr-3856	138	6	-	-	PUNCT
fsr-3856	138	7	statistic	statistic	NOUN
fsr-3856	138	8	is	be	AUX
fsr-3856	138	9	tt	tt	PROPN
fsr-3856	138	10	5	5	NUM
fsr-3856	138	11	aarh	aarh	PROPN
fsr-3856	138	12	,	,	PUNCT
fsr-3856	138	13	t	t	PROPN
fsr-3856	138	14	st	st	PROPN
fsr-3856	138	15	/în	/în	INTJ
fsr-3856	138	16	(	(	PUNCT
fsr-3856	138	17	6	6	NUM
fsr-3856	138	18	)	)	PUNCT
fsr-3856	138	19	similar	similar	ADJ
fsr-3856	138	20	procedures	procedure	NOUN
fsr-3856	138	21	apply	apply	VERB
fsr-3856	138	22	for	for	ADP
fsr-3856	138	23	the	the	DET
fsr-3856	138	24	low	low	ADJ
fsr-3856	138	25	-	-	PUNCT
fsr-3856	138	26	yield	yield	NOUN
fsr-3856	138	27	portfolio	portfolio	NOUN
fsr-3856	138	28	.	.	PUNCT
fsr-3856	139	1	5	5	X
fsr-3856	139	2	.	.	X
fsr-3856	139	3	testing	test	VERB
fsr-3856	139	4	the	the	DET
fsr-3856	139	5	dow	dow	PROPN
fsr-3856	139	6	dividend	dividend	NOUN
fsr-3856	139	7	strategy	strategy	NOUN
fsr-3856	139	8	we	we	PRON
fsr-3856	139	9	test	test	VERB
fsr-3856	139	10	the	the	DET
fsr-3856	139	11	dds	dds	PROPN
fsr-3856	139	12	to	to	PART
fsr-3856	139	13	consider	consider	VERB
fsr-3856	139	14	whether	whether	SCONJ
fsr-3856	139	15	the	the	DET
fsr-3856	139	16	superior	superior	ADJ
fsr-3856	139	17	performance	performance	NOUN
fsr-3856	139	18	of	of	ADP
fsr-3856	139	19	high	high	ADJ
fsr-3856	139	20	yielding	yield	VERB
fsr-3856	139	21	stocks	stock	NOUN
fsr-3856	139	22	is	be	AUX
fsr-3856	139	23	actually	actually	ADV
fsr-3856	139	24	an	an	DET
fsr-3856	139	25	overreaction	overreaction	NOUN
fsr-3856	139	26	effect	effect	NOUN
fsr-3856	139	27	.	.	PUNCT
fsr-3856	140	1	some	some	DET
fsr-3856	140	2	high	high	ADJ
fsr-3856	140	3	yields	yield	NOUN
fsr-3856	140	4	may	may	AUX
fsr-3856	140	5	result	result	VERB
fsr-3856	140	6	from	from	ADP
fsr-3856	140	7	recent	recent	ADJ
fsr-3856	140	8	stock	stock	NOUN
fsr-3856	140	9	price	price	NOUN
fsr-3856	140	10	declines	decline	NOUN
fsr-3856	140	11	rather	rather	ADV
fsr-3856	140	12	than	than	ADP
fsr-3856	140	13	explicit	explicit	ADJ
fsr-3856	140	14	dividend	dividend	NOUN
fsr-3856	140	15	policy	policy	NOUN
fsr-3856	140	16	decisions	decision	NOUN
fsr-3856	140	17	.	.	PUNCT
fsr-3856	141	1	our	our	PRON
fsr-3856	141	2	goal	goal	NOUN
fsr-3856	141	3	is	be	AUX
fsr-3856	141	4	to	to	PART
fsr-3856	141	5	determine	determine	VERB
fsr-3856	141	6	whether	whether	SCONJ
fsr-3856	141	7	high	high	ADJ
fsr-3856	141	8	-	-	PUNCT
fsr-3856	141	9	yield	yield	NOUN
fsr-3856	141	10	stocks	stock	NOUN
fsr-3856	141	11	are	be	AUX
fsr-3856	141	12	losers	loser	NOUN
fsr-3856	141	13	in	in	ADP
fsr-3856	141	14	the	the	DET
fsr-3856	141	15	preformation	preformation	ADJ
fsr-3856	141	16	months	month	NOUN
fsr-3856	141	17	,	,	PUNCT
fsr-3856	141	18	and	and	CCONJ
fsr-3856	141	19	whether	whether	SCONJ
fsr-3856	141	20	the	the	DET
fsr-3856	141	21	subsequent	subsequent	ADJ
fsr-3856	141	22	outperformance	outperformance	NOUN
fsr-3856	141	23	is	be	AUX
fsr-3856	141	24	in	in	ADP
fsr-3856	141	25	fact	fact	NOUN
fsr-3856	141	26	de	de	ADP
fsr-3856	141	27	bondt	bondt	NOUN
fsr-3856	141	28	and	and	CCONJ
fsr-3856	141	29	thaler	thaler	PROPN
fsr-3856	141	30	’s	’s	PART
fsr-3856	141	31	“	"	PUNCT
fsr-3856	141	32	winner	winner	NOUN
fsr-3856	141	33	-	-	PUNCT
fsr-3856	141	34	loser	loser	NOUN
fsr-3856	141	35	”	"	PUNCT
fsr-3856	141	36	overreaction	overreaction	NOUN
fsr-3856	141	37	effect	effect	NOUN
fsr-3856	141	38	.	.	PUNCT
fsr-3856	142	1	a	a	DET
fsr-3856	142	2	second	second	ADJ
fsr-3856	142	3	objective	objective	NOUN
fsr-3856	142	4	is	be	AUX
fsr-3856	142	5	to	to	PART
fsr-3856	142	6	compare	compare	VERB
fsr-3856	142	7	the	the	DET
fsr-3856	142	8	performance	performance	NOUN
fsr-3856	142	9	of	of	ADP
fsr-3856	142	10	the	the	DET
fsr-3856	142	11	dds	dds	PROPN
fsr-3856	142	12	over	over	ADP
fsr-3856	142	13	different	different	ADJ
fsr-3856	142	14	subperiods	subperiod	NOUN
fsr-3856	142	15	.	.	PUNCT
fsr-3856	143	1	we	we	PRON
fsr-3856	143	2	want	want	VERB
fsr-3856	143	3	to	to	PART
fsr-3856	143	4	determine	determine	VERB
fsr-3856	143	5	whether	whether	SCONJ
fsr-3856	143	6	the	the	DET
fsr-3856	143	7	underlying	underlie	VERB
fsr-3856	143	8	dynamics	dynamic	NOUN
fsr-3856	143	9	of	of	ADP
fsr-3856	143	10	the	the	DET
fsr-3856	143	11	dow	dow	PROPN
fsr-3856	143	12	dividend	dividend	NOUN
fsr-3856	143	13	effect	effect	NOUN
fsr-3856	143	14	remained	remain	VERB
fsr-3856	143	15	stable	stable	ADJ
fsr-3856	143	16	during	during	ADP
fsr-3856	143	17	the	the	DET
fsr-3856	143	18	entire	entire	ADJ
fsr-3856	143	19	1964–1997	1964–1997	NUM
fsr-3856	143	20	sample	sample	NOUN
fsr-3856	143	21	period	period	NOUN
fsr-3856	143	22	.	.	PUNCT
fsr-3856	144	1	as	as	SCONJ
fsr-3856	144	2	documented	document	VERB
fsr-3856	144	3	in	in	ADP
fsr-3856	144	4	table	table	NOUN
fsr-3856	144	5	1	1	NUM
fsr-3856	144	6	,	,	PUNCT
fsr-3856	144	7	the	the	DET
fsr-3856	144	8	dds	dds	PROPN
fsr-3856	144	9	has	have	AUX
fsr-3856	144	10	been	be	AUX
fsr-3856	144	11	extensively	extensively	ADV
fsr-3856	144	12	publicized	publicize	VERB
fsr-3856	144	13	since	since	SCONJ
fsr-3856	144	14	1988	1988	NUM
fsr-3856	144	15	.	.	PUNCT
fsr-3856	145	1	also	also	ADV
fsr-3856	145	2	,	,	PUNCT
fsr-3856	145	3	inclusion	inclusion	NOUN
fsr-3856	145	4	of	of	ADP
fsr-3856	145	5	1987	1987	NUM
fsr-3856	145	6	and	and	CCONJ
fsr-3856	145	7	1988	1988	NUM
fsr-3856	145	8	may	may	AUX
fsr-3856	145	9	bring	bring	VERB
fsr-3856	145	10	about	about	ADP
fsr-3856	145	11	potential	potential	ADJ
fsr-3856	145	12	confounding	confound	VERB
fsr-3856	145	13	effects	effect	NOUN
fsr-3856	145	14	due	due	ADJ
fsr-3856	145	15	to	to	ADP
fsr-3856	145	16	the	the	DET
fsr-3856	145	17	stock	stock	NOUN
fsr-3856	145	18	market	market	NOUN
fsr-3856	145	19	crash	crash	NOUN
fsr-3856	145	20	of	of	ADP
fsr-3856	145	21	1987	1987	NUM
fsr-3856	145	22	.	.	PUNCT
fsr-3856	146	1	we	we	PRON
fsr-3856	146	2	therefore	therefore	ADV
fsr-3856	146	3	choose	choose	VERB
fsr-3856	146	4	1964–1986	1964–1986	NUM
fsr-3856	146	5	and	and	CCONJ
fsr-3856	146	6	1989–1997	1989–1997	NUM
fsr-3856	146	7	as	as	ADP
fsr-3856	146	8	the	the	DET
fsr-3856	146	9	two	two	NUM
fsr-3856	146	10	subsamples	subsample	NOUN
fsr-3856	146	11	.	.	PUNCT
fsr-3856	147	1	we	we	PRON
fsr-3856	147	2	apply	apply	VERB
fsr-3856	147	3	the	the	DET
fsr-3856	147	4	tests	test	NOUN
fsr-3856	147	5	described	describe	VERB
fsr-3856	147	6	in	in	ADP
fsr-3856	147	7	section	section	NOUN
fsr-3856	147	8	3	3	NUM
fsr-3856	147	9	to	to	ADP
fsr-3856	147	10	the	the	DET
fsr-3856	147	11	djia	djia	PROPN
fsr-3856	147	12	stocks	stock	NOUN
fsr-3856	147	13	.	.	PUNCT
fsr-3856	148	1	the	the	DET
fsr-3856	148	2	results	result	NOUN
fsr-3856	148	3	for	for	ADP
fsr-3856	148	4	the	the	DET
fsr-3856	148	5	full	full	ADJ
fsr-3856	148	6	1964–1997	1964–1997	NUM
fsr-3856	148	7	sample	sample	NOUN
fsr-3856	148	8	period	period	NOUN
fsr-3856	148	9	are	be	AUX
fsr-3856	148	10	presented	present	VERB
fsr-3856	148	11	in	in	ADP
fsr-3856	148	12	table	table	NOUN
fsr-3856	148	13	3	3	NUM
fsr-3856	148	14	.	.	PUNCT
fsr-3856	149	1	for	for	ADP
fsr-3856	149	2	these	these	DET
fsr-3856	149	3	34	34	NUM
fsr-3856	149	4	years	year	NOUN
fsr-3856	149	5	,	,	PUNCT
fsr-3856	149	6	the	the	DET
fsr-3856	149	7	portfolios	portfolio	NOUN
fsr-3856	149	8	of	of	ADP
fsr-3856	149	9	ten	ten	NUM
fsr-3856	149	10	high	high	ADJ
fsr-3856	149	11	-	-	PUNCT
fsr-3856	149	12	yield	yield	NOUN
fsr-3856	149	13	stocks	stock	NOUN
fsr-3856	149	14	outperform	outperform	VERB
fsr-3856	149	15	the	the	DET
fsr-3856	149	16	s&p	s&p	PROPN
fsr-3856	149	17	500	500	NUM
fsr-3856	149	18	during	during	ADP
fsr-3856	149	19	the	the	DET
fsr-3856	149	20	twelve	twelve	NUM
fsr-3856	149	21	months	month	NOUN
fsr-3856	149	22	after	after	ADP
fsr-3856	149	23	portfolio	portfolio	NOUN
fsr-3856	149	24	formation	formation	NOUN
fsr-3856	149	25	by	by	ADP
fsr-3856	149	26	4.76	4.76	NUM
fsr-3856	149	27	%	%	NOUN
fsr-3856	149	28	(	(	PUNCT
fsr-3856	149	29	see	see	VERB
fsr-3856	149	30	panel	panel	NOUN
fsr-3856	149	31	a	a	X
fsr-3856	149	32	)	)	PUNCT
fsr-3856	149	33	.	.	PUNCT
fsr-3856	150	1	our	our	PRON
fsr-3856	150	2	findings	finding	NOUN
fsr-3856	150	3	are	be	AUX
fsr-3856	150	4	consistent	consistent	ADJ
fsr-3856	150	5	with	with	ADP
fsr-3856	150	6	the	the	DET
fsr-3856	150	7	claims	claim	NOUN
fsr-3856	150	8	made	make	VERB
fsr-3856	150	9	by	by	ADP
fsr-3856	150	10	proponents	proponent	NOUN
fsr-3856	150	11	of	of	ADP
fsr-3856	150	12	the	the	DET
fsr-3856	150	13	dds	dds	PROPN
fsr-3856	150	14	who	who	PRON
fsr-3856	150	15	use	use	VERB
fsr-3856	150	16	the	the	DET
fsr-3856	150	17	djia	djia	PROPN
fsr-3856	150	18	rather	rather	ADV
fsr-3856	150	19	than	than	ADP
fsr-3856	150	20	the	the	DET
fsr-3856	150	21	s&p	s&p	PROPN
fsr-3856	150	22	500	500	NUM
fsr-3856	150	23	as	as	ADP
fsr-3856	150	24	a	a	DET
fsr-3856	150	25	benchmark	benchmark	NOUN
fsr-3856	150	26	.	.	PUNCT
fsr-3856	151	1	in	in	ADP
fsr-3856	151	2	contrast	contrast	NOUN
fsr-3856	151	3	,	,	PUNCT
fsr-3856	151	4	the	the	DET
fsr-3856	151	5	portfolios	portfolio	NOUN
fsr-3856	151	6	of	of	ADP
fsr-3856	151	7	ten	ten	NUM
fsr-3856	151	8	low	low	ADJ
fsr-3856	151	9	-	-	PUNCT
fsr-3856	151	10	yield	yield	NOUN
fsr-3856	151	11	stocks	stock	NOUN
fsr-3856	151	12	approximately	approximately	ADV
fsr-3856	151	13	match	match	VERB
fsr-3856	151	14	the	the	DET
fsr-3856	151	15	market	market	NOUN
fsr-3856	151	16	,	,	PUNCT
fsr-3856	151	17	underperforming	underperform	VERB
fsr-3856	151	18	by	by	ADP
fsr-3856	151	19	just	just	ADV
fsr-3856	151	20	0.52	0.52	NUM
fsr-3856	151	21	%	%	NOUN
fsr-3856	151	22	during	during	ADP
fsr-3856	151	23	the	the	DET
fsr-3856	151	24	twelve	twelve	NUM
fsr-3856	151	25	months	month	NOUN
fsr-3856	151	26	after	after	ADP
fsr-3856	151	27	portfolio	portfolio	NOUN
fsr-3856	151	28	formation	formation	NOUN
fsr-3856	151	29	.	.	PUNCT
fsr-3856	152	1	the	the	DET
fsr-3856	152	2	difference	difference	NOUN
fsr-3856	152	3	between	between	ADP
fsr-3856	152	4	the	the	DET
fsr-3856	152	5	cumulative	cumulative	ADJ
fsr-3856	152	6	average	average	ADJ
fsr-3856	152	7	average	average	ADJ
fsr-3856	152	8	residuals	residual	NOUN
fsr-3856	152	9	of	of	ADP
fsr-3856	152	10	the	the	DET
fsr-3856	152	11	two	two	NUM
fsr-3856	152	12	portfolios	portfolio	NOUN
fsr-3856	152	13	[	[	X
fsr-3856	152	14	caarh,12	caarh,12	VERB
fsr-3856	152	15	2	2	NUM
fsr-3856	152	16	caarl,12	caarl,12	NOUN
fsr-3856	152	17	]	]	PUNCT
fsr-3856	152	18	is	be	AUX
fsr-3856	152	19	5.28	5.28	NUM
fsr-3856	152	20	%	%	NOUN
fsr-3856	152	21	.	.	PUNCT
fsr-3856	153	1	151d.l	151d.l	X
fsr-3856	153	2	.	.	PUNCT
fsr-3856	154	1	domian	domian	PROPN
fsr-3856	154	2	et	et	PROPN
fsr-3856	154	3	al	al	PROPN
fsr-3856	154	4	.	.	PUNCT
fsr-3856	154	5	/	/	SYM
fsr-3856	154	6	financial	financial	ADJ
fsr-3856	154	7	services	service	NOUN
fsr-3856	154	8	review	review	VERB
fsr-3856	154	9	7	7	NUM
fsr-3856	154	10	(	(	PUNCT
fsr-3856	154	11	1998	1998	NUM
fsr-3856	154	12	)	)	PUNCT
fsr-3856	154	13	145–159	145–159	NUM
fsr-3856	154	14	table	table	NOUN
fsr-3856	154	15	3	3	NUM
fsr-3856	154	16	residuals	residual	NOUN
fsr-3856	154	17	from	from	ADP
fsr-3856	154	18	dividend	dividend	NOUN
fsr-3856	154	19	yield	yield	NOUN
fsr-3856	154	20	portfolios	portfolio	NOUN
fsr-3856	154	21	,	,	PUNCT
fsr-3856	154	22	1964–1997	1964–1997	NUM
fsr-3856	154	23	month	month	NOUN
fsr-3856	154	24	high	high	ADJ
fsr-3856	154	25	-	-	PUNCT
fsr-3856	154	26	yield	yield	NOUN
fsr-3856	154	27	low	low	ADJ
fsr-3856	154	28	-	-	PUNCT
fsr-3856	154	29	yield	yield	NOUN
fsr-3856	154	30	differences	difference	NOUN
fsr-3856	154	31	aarh	aarh	VERB
fsr-3856	154	32	,	,	PUNCT
fsr-3856	154	33	t	t	PROPN
fsr-3856	154	34	caarh	caarh	PROPN
fsr-3856	154	35	,	,	PUNCT
fsr-3856	154	36	t	t	PROPN
fsr-3856	154	37	aarl	aarl	PROPN
fsr-3856	154	38	,	,	PUNCT
fsr-3856	154	39	t	t	PROPN
fsr-3856	154	40	caarl	caarl	PROPN
fsr-3856	154	41	,	,	PUNCT
fsr-3856	154	42	t	t	PROPN
fsr-3856	154	43	caarh	caarh	PROPN
fsr-3856	154	44	,	,	PUNCT
fsr-3856	154	45	t	t	PROPN
fsr-3856	154	46	2	2	NUM
fsr-3856	154	47	caarl	caarl	PROPN
fsr-3856	154	48	,	,	PUNCT
fsr-3856	154	49	t	t	PROPN
fsr-3856	154	50	panel	panel	NOUN
fsr-3856	154	51	a	a	DET
fsr-3856	154	52	11	11	NUM
fsr-3856	154	53	0.0225	0.0225	NUM
fsr-3856	154	54	0.0225	0.0225	NUM
fsr-3856	154	55	0.0025	0.0025	NUM
fsr-3856	154	56	0.0025	0.0025	NUM
fsr-3856	154	57	0.0200	0.0200	NUM
fsr-3856	154	58	(	(	PUNCT
fsr-3856	154	59	4.08	4.08	NUM
fsr-3856	154	60	)	)	PUNCT
fsr-3856	154	61	*	*	PUNCT
fsr-3856	154	62	*	*	PUNCT
fsr-3856	154	63	(	(	PUNCT
fsr-3856	154	64	4.08	4.08	NUM
fsr-3856	154	65	)	)	PUNCT
fsr-3856	154	66	*	*	PUNCT
fsr-3856	155	1	*	*	PUNCT
fsr-3856	155	2	(	(	PUNCT
fsr-3856	155	3	0.49	0.49	NUM
fsr-3856	155	4	)	)	PUNCT
fsr-3856	155	5	(	(	PUNCT
fsr-3856	155	6	0.49	0.49	NUM
fsr-3856	155	7	)	)	PUNCT
fsr-3856	155	8	(	(	PUNCT
fsr-3856	155	9	2.68	2.68	NUM
fsr-3856	155	10	)	)	PUNCT
fsr-3856	155	11	*	*	PUNCT
fsr-3856	156	1	*	*	PUNCT
fsr-3856	156	2	12	12	NUM
fsr-3856	156	3	0.0027	0.0027	NUM
fsr-3856	156	4	0.0253	0.0253	NUM
fsr-3856	156	5	0.0076	0.0076	NUM
fsr-3856	156	6	0.0100	0.0100	NUM
fsr-3856	156	7	0.0152	0.0152	NUM
fsr-3856	156	8	(	(	PUNCT
fsr-3856	156	9	0.70	0.70	NUM
fsr-3856	156	10	)	)	PUNCT
fsr-3856	156	11	(	(	PUNCT
fsr-3856	156	12	3.73	3.73	NUM
fsr-3856	156	13	)	)	PUNCT
fsr-3856	156	14	*	*	PUNCT
fsr-3856	156	15	*	*	PUNCT
fsr-3856	156	16	(	(	PUNCT
fsr-3856	156	17	2.42	2.42	NUM
fsr-3856	156	18	)	)	PUNCT
fsr-3856	156	19	*	*	PUNCT
fsr-3856	156	20	(	(	PUNCT
fsr-3856	156	21	1.58	1.58	NUM
fsr-3856	156	22	)	)	PUNCT
fsr-3856	156	23	(	(	PUNCT
fsr-3856	156	24	1.64	1.64	NUM
fsr-3856	156	25	)	)	PUNCT
fsr-3856	156	26	13	13	NUM
fsr-3856	156	27	0.0077	0.0077	NUM
fsr-3856	156	28	0.0330	0.0330	NUM
fsr-3856	156	29	20.0000	20.0000	NUM
fsr-3856	156	30	0.0100	0.0100	NUM
fsr-3856	156	31	0.0230	0.0230	NUM
fsr-3856	156	32	(	(	PUNCT
fsr-3856	156	33	1.94	1.94	NUM
fsr-3856	156	34	)	)	PUNCT
fsr-3856	156	35	(	(	PUNCT
fsr-3856	156	36	4.12	4.12	NUM
fsr-3856	156	37	)	)	PUNCT
fsr-3856	156	38	*	*	PUNCT
fsr-3856	156	39	*	*	PUNCT
fsr-3856	156	40	(	(	PUNCT
fsr-3856	156	41	20.01	20.01	NUM
fsr-3856	156	42	)	)	PUNCT
fsr-3856	156	43	(	(	PUNCT
fsr-3856	156	44	1.33	1.33	NUM
fsr-3856	156	45	)	)	PUNCT
fsr-3856	156	46	(	(	PUNCT
fsr-3856	156	47	2.10	2.10	NUM
fsr-3856	156	48	)	)	PUNCT
fsr-3856	156	49	*	*	PUNCT
fsr-3856	156	50	14	14	NUM
fsr-3856	156	51	0.0053	0.0053	NUM
fsr-3856	156	52	0.0382	0.0382	NUM
fsr-3856	156	53	0.0016	0.0016	NUM
fsr-3856	156	54	0.0116	0.0116	NUM
fsr-3856	156	55	0.0267	0.0267	NUM
fsr-3856	156	56	(	(	PUNCT
fsr-3856	156	57	1.11	1.11	NUM
fsr-3856	156	58	)	)	PUNCT
fsr-3856	156	59	(	(	PUNCT
fsr-3856	156	60	4.50	4.50	NUM
fsr-3856	156	61	)	)	PUNCT
fsr-3856	156	62	*	*	PUNCT
fsr-3856	156	63	*	*	PUNCT
fsr-3856	156	64	(	(	PUNCT
fsr-3856	156	65	0.50	0.50	NUM
fsr-3856	156	66	)	)	PUNCT
fsr-3856	156	67	(	(	PUNCT
fsr-3856	156	68	1.39	1.39	NUM
fsr-3856	156	69	)	)	PUNCT
fsr-3856	156	70	(	(	PUNCT
fsr-3856	156	71	2.24	2.24	NUM
fsr-3856	156	72	)	)	PUNCT
fsr-3856	156	73	*	*	PUNCT
fsr-3856	156	74	15	15	NUM
fsr-3856	156	75	0.0051	0.0051	NUM
fsr-3856	156	76	0.0434	0.0434	NUM
fsr-3856	156	77	20.0050	20.0050	NUM
fsr-3856	156	78	0.0065	0.0065	NUM
fsr-3856	156	79	0.0368	0.0368	NUM
fsr-3856	156	80	(	(	PUNCT
fsr-3856	156	81	1.47	1.47	NUM
fsr-3856	156	82	)	)	PUNCT
fsr-3856	156	83	(	(	PUNCT
fsr-3856	156	84	4.66	4.66	NUM
fsr-3856	156	85	)	)	PUNCT
fsr-3856	156	86	*	*	PUNCT
fsr-3856	157	1	*	*	PUNCT
fsr-3856	157	2	(	(	PUNCT
fsr-3856	157	3	21.62	21.62	NUM
fsr-3856	157	4	)	)	PUNCT
fsr-3856	157	5	(	(	PUNCT
fsr-3856	157	6	0.70	0.70	NUM
fsr-3856	157	7	)	)	PUNCT
fsr-3856	157	8	(	(	PUNCT
fsr-3856	157	9	2.78	2.78	NUM
fsr-3856	157	10	)	)	PUNCT
fsr-3856	157	11	*	*	PUNCT
fsr-3856	158	1	*	*	PUNCT
fsr-3856	158	2	16	16	NUM
fsr-3856	158	3	0.0012	0.0012	NUM
fsr-3856	158	4	0.0446	0.0446	NUM
fsr-3856	158	5	20.0030	20.0030	NUM
fsr-3856	158	6	0.0035	0.0035	NUM
fsr-3856	158	7	0.0410	0.0410	NUM
fsr-3856	158	8	(	(	PUNCT
fsr-3856	158	9	0.31	0.31	NUM
fsr-3856	158	10	)	)	PUNCT
fsr-3856	158	11	(	(	PUNCT
fsr-3856	158	12	4.28	4.28	NUM
fsr-3856	158	13	)	)	PUNCT
fsr-3856	158	14	*	*	PUNCT
fsr-3856	158	15	*	*	PUNCT
fsr-3856	158	16	(	(	PUNCT
fsr-3856	158	17	20.68	20.68	NUM
fsr-3856	158	18	)	)	PUNCT
fsr-3856	158	19	(	(	PUNCT
fsr-3856	158	20	0.34	0.34	NUM
fsr-3856	158	21	)	)	PUNCT
fsr-3856	158	22	(	(	PUNCT
fsr-3856	158	23	2.77	2.77	NUM
fsr-3856	158	24	)	)	PUNCT
fsr-3856	158	25	*	*	PUNCT
fsr-3856	158	26	*	*	PUNCT
fsr-3856	158	27	17	17	NUM
fsr-3856	158	28	0.0010	0.0010	NUM
fsr-3856	158	29	0.0456	0.0456	NUM
fsr-3856	158	30	0.0011	0.0011	NUM
fsr-3856	158	31	0.0047	0.0047	NUM
fsr-3856	158	32	0.0409	0.0409	NUM
fsr-3856	158	33	(	(	PUNCT
fsr-3856	158	34	0.35	0.35	NUM
fsr-3856	158	35	)	)	PUNCT
fsr-3856	158	36	(	(	PUNCT
fsr-3856	158	37	3.89	3.89	NUM
fsr-3856	158	38	)	)	PUNCT
fsr-3856	158	39	*	*	PUNCT
fsr-3856	158	40	*	*	PUNCT
fsr-3856	158	41	(	(	PUNCT
fsr-3856	158	42	0.28	0.28	NUM
fsr-3856	158	43	)	)	PUNCT
fsr-3856	158	44	(	(	PUNCT
fsr-3856	158	45	0.43	0.43	NUM
fsr-3856	158	46	)	)	PUNCT
fsr-3856	158	47	(	(	PUNCT
fsr-3856	158	48	2.56	2.56	NUM
fsr-3856	158	49	)	)	PUNCT
fsr-3856	158	50	*	*	PROPN
fsr-3856	158	51	18	18	NUM
fsr-3856	158	52	0.0038	0.0038	NUM
fsr-3856	158	53	0.0494	0.0494	NUM
fsr-3856	158	54	0.0015	0.0015	NUM
fsr-3856	158	55	0.0062	0.0062	NUM
fsr-3856	158	56	0.0432	0.0432	NUM
fsr-3856	158	57	(	(	PUNCT
fsr-3856	158	58	1.06	1.06	NUM
fsr-3856	158	59	)	)	PUNCT
fsr-3856	158	60	(	(	PUNCT
fsr-3856	158	61	4.02	4.02	NUM
fsr-3856	158	62	)	)	PUNCT
fsr-3856	158	63	*	*	PUNCT
fsr-3856	159	1	*	*	PUNCT
fsr-3856	159	2	(	(	PUNCT
fsr-3856	159	3	0.39	0.39	NUM
fsr-3856	159	4	)	)	PUNCT
fsr-3856	159	5	(	(	PUNCT
fsr-3856	159	6	0.53	0.53	NUM
fsr-3856	159	7	)	)	PUNCT
fsr-3856	159	8	(	(	PUNCT
fsr-3856	159	9	2.53	2.53	NUM
fsr-3856	159	10	)	)	PUNCT
fsr-3856	159	11	*	*	PUNCT
fsr-3856	159	12	19	19	NUM
fsr-3856	159	13	0.0057	0.0057	NUM
fsr-3856	159	14	0.0551	0.0551	NUM
fsr-3856	159	15	20.0068	20.0068	NUM
fsr-3856	159	16	20.0006	20.0006	NUM
fsr-3856	159	17	0.0558	0.0558	NUM
fsr-3856	159	18	(	(	PUNCT
fsr-3856	159	19	1.15	1.15	NUM
fsr-3856	159	20	)	)	PUNCT
fsr-3856	159	21	(	(	PUNCT
fsr-3856	159	22	4.24	4.24	NUM
fsr-3856	159	23	)	)	PUNCT
fsr-3856	159	24	*	*	PUNCT
fsr-3856	159	25	*	*	PUNCT
fsr-3856	159	26	(	(	PUNCT
fsr-3856	159	27	22.24	22.24	NUM
fsr-3856	159	28	)	)	PUNCT
fsr-3856	159	29	*	*	PUNCT
fsr-3856	159	30	(	(	PUNCT
fsr-3856	159	31	20.05	20.05	NUM
fsr-3856	159	32	)	)	PUNCT
fsr-3856	159	33	(	(	PUNCT
fsr-3856	159	34	3.21	3.21	NUM
fsr-3856	159	35	)	)	PUNCT
fsr-3856	159	36	*	*	PUNCT
fsr-3856	160	1	*	*	PUNCT
fsr-3856	160	2	110	110	NUM
fsr-3856	160	3	20.0053	20.0053	NUM
fsr-3856	160	4	0.0498	0.0498	NUM
fsr-3856	160	5	20.0110	20.0110	NUM
fsr-3856	160	6	20.0116	20.0116	NUM
fsr-3856	160	7	0.0614	0.0614	NUM
fsr-3856	160	8	(	(	PUNCT
fsr-3856	160	9	21.10	21.10	NUM
fsr-3856	160	10	)	)	PUNCT
fsr-3856	160	11	(	(	PUNCT
fsr-3856	160	12	4.00	4.00	NUM
fsr-3856	160	13	)	)	PUNCT
fsr-3856	160	14	*	*	PUNCT
fsr-3856	160	15	*	*	PUNCT
fsr-3856	160	16	(	(	PUNCT
fsr-3856	160	17	22.46	22.46	NUM
fsr-3856	160	18	)	)	PUNCT
fsr-3856	160	19	*	*	PUNCT
fsr-3856	160	20	(	(	PUNCT
fsr-3856	160	21	21.02	21.02	NUM
fsr-3856	160	22	)	)	PUNCT
fsr-3856	160	23	(	(	PUNCT
fsr-3856	160	24	3.64	3.64	NUM
fsr-3856	160	25	)	)	PUNCT
fsr-3856	160	26	*	*	PUNCT
fsr-3856	160	27	*	*	PUNCT
fsr-3856	160	28	111	111	NUM
fsr-3856	160	29	20.0009	20.0009	NUM
fsr-3856	160	30	0.0489	0.0489	NUM
fsr-3856	160	31	0.0048	0.0048	NUM
fsr-3856	160	32	20.0068	20.0068	NUM
fsr-3856	160	33	0.0557	0.0557	NUM
fsr-3856	160	34	(	(	PUNCT
fsr-3856	160	35	20.19	20.19	NUM
fsr-3856	160	36	)	)	PUNCT
fsr-3856	160	37	(	(	PUNCT
fsr-3856	160	38	3.40	3.40	NUM
fsr-3856	160	39	)	)	PUNCT
fsr-3856	160	40	*	*	PUNCT
fsr-3856	160	41	*	*	PUNCT
fsr-3856	160	42	(	(	PUNCT
fsr-3856	160	43	1.01	1.01	NUM
fsr-3856	160	44	)	)	PUNCT
fsr-3856	160	45	(	(	PUNCT
fsr-3856	160	46	20.54	20.54	NUM
fsr-3856	160	47	)	)	PUNCT
fsr-3856	160	48	(	(	PUNCT
fsr-3856	160	49	2.92	2.92	NUM
fsr-3856	160	50	)	)	PUNCT
fsr-3856	160	51	*	*	PUNCT
fsr-3856	161	1	*	*	PUNCT
fsr-3856	161	2	112	112	NUM
fsr-3856	161	3	20.0013	20.0013	NUM
fsr-3856	161	4	0.0476	0.0476	NUM
fsr-3856	161	5	0.0016	0.0016	NUM
fsr-3856	161	6	20.0052	20.0052	NUM
fsr-3856	161	7	0.0528	0.0528	NUM
fsr-3856	161	8	(	(	PUNCT
fsr-3856	161	9	20.30	20.30	NUM
fsr-3856	161	10	)	)	PUNCT
fsr-3856	161	11	(	(	PUNCT
fsr-3856	161	12	3.16	3.16	NUM
fsr-3856	161	13	)	)	PUNCT
fsr-3856	161	14	*	*	PUNCT
fsr-3856	161	15	*	*	PUNCT
fsr-3856	161	16	(	(	PUNCT
fsr-3856	161	17	0.37	0.37	NUM
fsr-3856	161	18	)	)	PUNCT
fsr-3856	161	19	(	(	PUNCT
fsr-3856	161	20	20.36	20.36	NUM
fsr-3856	161	21	)	)	PUNCT
fsr-3856	161	22	(	(	PUNCT
fsr-3856	161	23	2.54	2.54	NUM
fsr-3856	161	24	)	)	PUNCT
fsr-3856	161	25	*	*	PUNCT
fsr-3856	161	26	average	average	ADJ
fsr-3856	161	27	average	average	ADJ
fsr-3856	161	28	residuals	residual	NOUN
fsr-3856	161	29	(	(	PUNCT
fsr-3856	161	30	aars	aar	NOUN
fsr-3856	161	31	)	)	PUNCT
fsr-3856	161	32	and	and	CCONJ
fsr-3856	161	33	cumulative	cumulative	ADJ
fsr-3856	161	34	average	average	ADJ
fsr-3856	161	35	average	average	ADJ
fsr-3856	161	36	residuals	residual	NOUN
fsr-3856	161	37	(	(	PUNCT
fsr-3856	161	38	caars	caar	NOUN
fsr-3856	161	39	)	)	PUNCT
fsr-3856	161	40	are	be	AUX
fsr-3856	161	41	presented	present	VERB
fsr-3856	161	42	for	for	ADP
fsr-3856	161	43	the	the	DET
fsr-3856	161	44	full	full	ADJ
fsr-3856	161	45	sample	sample	NOUN
fsr-3856	161	46	period	period	NOUN
fsr-3856	161	47	,	,	PUNCT
fsr-3856	161	48	1964	1964	NUM
fsr-3856	161	49	to	to	ADP
fsr-3856	161	50	1997	1997	NUM
fsr-3856	161	51	.	.	PUNCT
fsr-3856	162	1	the	the	DET
fsr-3856	162	2	high	high	ADJ
fsr-3856	162	3	-	-	PUNCT
fsr-3856	162	4	yield	yield	NOUN
fsr-3856	162	5	portfolios	portfolio	NOUN
fsr-3856	162	6	include	include	VERB
fsr-3856	162	7	the	the	DET
fsr-3856	162	8	ten	ten	NUM
fsr-3856	162	9	highest	highest	ADV
fsr-3856	162	10	-	-	PUNCT
fsr-3856	162	11	yielding	yield	VERB
fsr-3856	162	12	stocks	stock	NOUN
fsr-3856	162	13	from	from	ADP
fsr-3856	162	14	the	the	DET
fsr-3856	162	15	dow	dow	PROPN
fsr-3856	162	16	jones	jones	PROPN
fsr-3856	162	17	industrial	industrial	PROPN
fsr-3856	162	18	average	average	PROPN
fsr-3856	162	19	.	.	PUNCT
fsr-3856	163	1	the	the	DET
fsr-3856	163	2	low	low	ADJ
fsr-3856	163	3	-	-	PUNCT
fsr-3856	163	4	yield	yield	NOUN
fsr-3856	163	5	portfolios	portfolio	NOUN
fsr-3856	163	6	include	include	VERB
fsr-3856	163	7	the	the	DET
fsr-3856	163	8	dow	dow	NOUN
fsr-3856	163	9	’s	’s	PART
fsr-3856	163	10	ten	ten	NUM
fsr-3856	163	11	lowest	low	ADJ
fsr-3856	163	12	yielding	yield	VERB
fsr-3856	163	13	stocks	stock	NOUN
fsr-3856	163	14	.	.	PUNCT
fsr-3856	164	1	this	this	DET
fsr-3856	164	2	panel	panel	NOUN
fsr-3856	164	3	shows	show	VERB
fsr-3856	164	4	post	post	ADJ
fsr-3856	164	5	-	-	ADJ
fsr-3856	164	6	formation	formation	NOUN
fsr-3856	164	7	monthst	monthst	ADJ
fsr-3856	164	8	5	5	NUM
fsr-3856	164	9	11	11	NUM
fsr-3856	164	10	to	to	ADP
fsr-3856	164	11	t	t	PROPN
fsr-3856	164	12	5	5	NUM
fsr-3856	164	13	112	112	NUM
fsr-3856	164	14	.	.	PUNCT
fsr-3856	165	1	numbers	number	NOUN
fsr-3856	165	2	in	in	ADP
fsr-3856	165	3	parentheses	parenthesis	NOUN
fsr-3856	165	4	aret	aret	PROPN
fsr-3856	165	5	-	-	PUNCT
fsr-3856	165	6	statistics	statistic	NOUN
fsr-3856	165	7	.	.	PUNCT
fsr-3856	166	1	panel	panel	NOUN
fsr-3856	166	2	b	b	NOUN
fsr-3856	166	3	211	211	NUM
fsr-3856	166	4	0.0074	0.0074	NUM
fsr-3856	166	5	0.0074	0.0074	NUM
fsr-3856	166	6	0.0117	0.0117	NUM
fsr-3856	166	7	0.0117	0.0117	NUM
fsr-3856	166	8	20.0043	20.0043	NUM
fsr-3856	166	9	(	(	PUNCT
fsr-3856	166	10	1.55	1.55	NUM
fsr-3856	166	11	)	)	PUNCT
fsr-3856	166	12	(	(	PUNCT
fsr-3856	166	13	1.55	1.55	NUM
fsr-3856	166	14	)	)	PUNCT
fsr-3856	166	15	(	(	PUNCT
fsr-3856	166	16	2.63	2.63	NUM
fsr-3856	166	17	)	)	PUNCT
fsr-3856	166	18	*	*	PUNCT
fsr-3856	166	19	(	(	PUNCT
fsr-3856	166	20	2.63	2.63	NUM
fsr-3856	166	21	)	)	PUNCT
fsr-3856	166	22	*	*	PUNCT
fsr-3856	166	23	(	(	PUNCT
fsr-3856	166	24	20.66	20.66	NUM
fsr-3856	166	25	)	)	PUNCT
fsr-3856	166	26	210	210	NUM
fsr-3856	166	27	0.0001	0.0001	NUM
fsr-3856	166	28	0.0075	0.0075	NUM
fsr-3856	166	29	0.0105	0.0105	NUM
fsr-3856	166	30	0.0222	0.0222	NUM
fsr-3856	166	31	20.0147	20.0147	NUM
fsr-3856	166	32	(	(	PUNCT
fsr-3856	166	33	0.02	0.02	NUM
fsr-3856	166	34	)	)	PUNCT
fsr-3856	166	35	(	(	PUNCT
fsr-3856	166	36	1.18	1.18	NUM
fsr-3856	166	37	)	)	PUNCT
fsr-3856	166	38	(	(	PUNCT
fsr-3856	166	39	3.23	3.23	NUM
fsr-3856	166	40	)	)	PUNCT
fsr-3856	166	41	*	*	PUNCT
fsr-3856	166	42	*	*	PUNCT
fsr-3856	166	43	(	(	PUNCT
fsr-3856	166	44	3.70	3.70	NUM
fsr-3856	166	45	)	)	PUNCT
fsr-3856	166	46	*	*	PUNCT
fsr-3856	166	47	*	*	PUNCT
fsr-3856	166	48	(	(	PUNCT
fsr-3856	166	49	21.69	21.69	NUM
fsr-3856	166	50	)	)	PUNCT
fsr-3856	166	51	29	29	NUM
fsr-3856	166	52	0.0020	0.0020	NUM
fsr-3856	166	53	0.0094	0.0094	NUM
fsr-3856	166	54	0.0059	0.0059	NUM
fsr-3856	166	55	0.0281	0.0281	NUM
fsr-3856	166	56	20.0187	20.0187	NUM
fsr-3856	166	57	(	(	PUNCT
fsr-3856	166	58	0.55	0.55	NUM
fsr-3856	166	59	)	)	PUNCT
fsr-3856	166	60	(	(	PUNCT
fsr-3856	166	61	1.47	1.47	NUM
fsr-3856	166	62	)	)	PUNCT
fsr-3856	166	63	(	(	PUNCT
fsr-3856	166	64	1.79	1.79	NUM
fsr-3856	166	65	)	)	PUNCT
fsr-3856	166	66	(	(	PUNCT
fsr-3856	166	67	4.00	4.00	NUM
fsr-3856	166	68	)	)	PUNCT
fsr-3856	166	69	*	*	PUNCT
fsr-3856	166	70	*	*	PUNCT
fsr-3856	166	71	(	(	PUNCT
fsr-3856	166	72	21.96	21.96	NUM
fsr-3856	166	73	)	)	PUNCT
fsr-3856	166	74	28	28	NUM
fsr-3856	166	75	0.0000	0.0000	NUM
fsr-3856	166	76	0.0094	0.0094	NUM
fsr-3856	166	77	0.0066	0.0066	NUM
fsr-3856	166	78	0.0347	0.0347	NUM
fsr-3856	166	79	20.0253	20.0253	NUM
fsr-3856	166	80	(	(	PUNCT
fsr-3856	166	81	0.00	0.00	NUM
fsr-3856	166	82	)	)	PUNCT
fsr-3856	166	83	(	(	PUNCT
fsr-3856	166	84	1.32	1.32	NUM
fsr-3856	166	85	)	)	PUNCT
fsr-3856	166	86	(	(	PUNCT
fsr-3856	166	87	1.75	1.75	NUM
fsr-3856	166	88	)	)	PUNCT
fsr-3856	166	89	*	*	PUNCT
fsr-3856	166	90	(	(	PUNCT
fsr-3856	166	91	4.29	4.29	NUM
fsr-3856	166	92	)	)	PUNCT
fsr-3856	166	93	*	*	PUNCT
fsr-3856	166	94	*	*	PUNCT
fsr-3856	166	95	(	(	PUNCT
fsr-3856	166	96	22.34	22.34	NUM
fsr-3856	166	97	)	)	PUNCT
fsr-3856	166	98	*	*	PROPN
fsr-3856	166	99	27	27	NUM
fsr-3856	166	100	20.0026	20.0026	NUM
fsr-3856	166	101	0.0069	0.0069	NUM
fsr-3856	166	102	0.0040	0.0040	NUM
fsr-3856	166	103	0.0388	0.0388	NUM
fsr-3856	166	104	20.0319	20.0319	NUM
fsr-3856	166	105	(	(	PUNCT
fsr-3856	166	106	20.78	20.78	NUM
fsr-3856	166	107	)	)	PUNCT
fsr-3856	166	108	(	(	PUNCT
fsr-3856	166	109	0.87	0.87	NUM
fsr-3856	166	110	)	)	PUNCT
fsr-3856	166	111	(	(	PUNCT
fsr-3856	166	112	1.22	1.22	NUM
fsr-3856	166	113	)	)	PUNCT
fsr-3856	166	114	(	(	PUNCT
fsr-3856	166	115	4.76	4.76	NUM
fsr-3856	166	116	)	)	PUNCT
fsr-3856	166	117	*	*	PUNCT
fsr-3856	167	1	*	*	PUNCT
fsr-3856	167	2	(	(	PUNCT
fsr-3856	167	3	22.81	22.81	NUM
fsr-3856	167	4	)	)	PUNCT
fsr-3856	167	5	*	*	SYM
fsr-3856	167	6	26	26	NUM
fsr-3856	167	7	20.0090	20.0090	NUM
fsr-3856	167	8	20.0021	20.0021	NUM
fsr-3856	167	9	0.0022	0.0022	NUM
fsr-3856	167	10	0.0410	0.0410	NUM
fsr-3856	167	11	20.0430	20.0430	NUM
fsr-3856	167	12	(	(	PUNCT
fsr-3856	167	13	22.58	22.58	NUM
fsr-3856	167	14	)	)	PUNCT
fsr-3856	167	15	*	*	PUNCT
fsr-3856	167	16	(	(	PUNCT
fsr-3856	167	17	20.23	20.23	NUM
fsr-3856	167	18	)	)	PUNCT
fsr-3856	167	19	(	(	PUNCT
fsr-3856	167	20	0.53	0.53	NUM
fsr-3856	167	21	)	)	PUNCT
fsr-3856	167	22	(	(	PUNCT
fsr-3856	167	23	4.50	4.50	NUM
fsr-3856	167	24	)	)	PUNCT
fsr-3856	167	25	*	*	PUNCT
fsr-3856	167	26	*	*	PUNCT
fsr-3856	167	27	(	(	PUNCT
fsr-3856	167	28	23.31	23.31	NUM
fsr-3856	167	29	)	)	PUNCT
fsr-3856	167	30	*	*	PUNCT
fsr-3856	168	1	*	*	PUNCT
fsr-3856	168	2	25	25	NUM
fsr-3856	168	3	20.0036	20.0036	NUM
fsr-3856	168	4	20.0057	20.0057	NUM
fsr-3856	168	5	0.0068	0.0068	NUM
fsr-3856	168	6	0.0478	0.0478	NUM
fsr-3856	168	7	20.0534	20.0534	NUM
fsr-3856	168	8	(	(	PUNCT
fsr-3856	168	9	21.13	21.13	NUM
fsr-3856	168	10	)	)	PUNCT
fsr-3856	168	11	(	(	PUNCT
fsr-3856	168	12	20.55	20.55	NUM
fsr-3856	168	13	)	)	PUNCT
fsr-3856	168	14	(	(	PUNCT
fsr-3856	168	15	1.92	1.92	NUM
fsr-3856	168	16	)	)	PUNCT
fsr-3856	168	17	(	(	PUNCT
fsr-3856	168	18	4.73	4.73	NUM
fsr-3856	168	19	)	)	PUNCT
fsr-3856	168	20	*	*	PUNCT
fsr-3856	168	21	*	*	PUNCT
fsr-3856	168	22	(	(	PUNCT
fsr-3856	168	23	23.69	23.69	NUM
fsr-3856	168	24	)	)	PUNCT
fsr-3856	168	25	*	*	PUNCT
fsr-3856	169	1	*	*	PUNCT
fsr-3856	169	2	24	24	NUM
fsr-3856	169	3	0.0018	0.0018	NUM
fsr-3856	169	4	20.0039	20.0039	NUM
fsr-3856	169	5	0.0051	0.0051	NUM
fsr-3856	169	6	0.0529	0.0529	NUM
fsr-3856	169	7	20.0568	20.0568	NUM
fsr-3856	169	8	(	(	PUNCT
fsr-3856	169	9	0.61	0.61	NUM
fsr-3856	169	10	)	)	PUNCT
fsr-3856	169	11	(	(	PUNCT
fsr-3856	169	12	20.33	20.33	NUM
fsr-3856	169	13	)	)	PUNCT
fsr-3856	169	14	(	(	PUNCT
fsr-3856	169	15	1.28	1.28	NUM
fsr-3856	169	16	)	)	PUNCT
fsr-3856	169	17	(	(	PUNCT
fsr-3856	169	18	4.86	4.86	NUM
fsr-3856	169	19	)	)	PUNCT
fsr-3856	169	20	*	*	PUNCT
fsr-3856	170	1	*	*	PUNCT
fsr-3856	170	2	(	(	PUNCT
fsr-3856	170	3	23.58	23.58	NUM
fsr-3856	170	4	)	)	PUNCT
fsr-3856	170	5	*	*	PUNCT
fsr-3856	171	1	*	*	PUNCT
fsr-3856	171	2	23	23	NUM
fsr-3856	171	3	20.0017	20.0017	NUM
fsr-3856	171	4	20.0056	20.0056	NUM
fsr-3856	171	5	0.0026	0.0026	NUM
fsr-3856	171	6	0.0555	0.0555	NUM
fsr-3856	171	7	20.0611	20.0611	NUM
fsr-3856	171	8	(	(	PUNCT
fsr-3856	171	9	20.34	20.34	NUM
fsr-3856	171	10	)	)	PUNCT
fsr-3856	171	11	(	(	PUNCT
fsr-3856	171	12	20.47	20.47	NUM
fsr-3856	171	13	)	)	PUNCT
fsr-3856	171	14	(	(	PUNCT
fsr-3856	171	15	0.90	0.90	NUM
fsr-3856	171	16	)	)	PUNCT
fsr-3856	171	17	(	(	PUNCT
fsr-3856	171	18	4.80	4.80	NUM
fsr-3856	171	19	)	)	PUNCT
fsr-3856	171	20	*	*	PUNCT
fsr-3856	171	21	*	*	PUNCT
fsr-3856	171	22	(	(	PUNCT
fsr-3856	171	23	23.69	23.69	NUM
fsr-3856	171	24	)	)	PUNCT
fsr-3856	171	25	*	*	PUNCT
fsr-3856	172	1	*	*	PUNCT
fsr-3856	172	2	22	22	NUM
fsr-3856	172	3	20.0170	20.0170	NUM
fsr-3856	172	4	20.0226	20.0226	NUM
fsr-3856	172	5	0.0027	0.0027	NUM
fsr-3856	172	6	0.0582	0.0582	NUM
fsr-3856	172	7	20.0809	20.0809	NUM
fsr-3856	172	8	(	(	PUNCT
fsr-3856	172	9	23.08	23.08	NUM
fsr-3856	172	10	)	)	PUNCT
fsr-3856	172	11	*	*	PUNCT
fsr-3856	172	12	*	*	PUNCT
fsr-3856	172	13	(	(	PUNCT
fsr-3856	172	14	21.97	21.97	NUM
fsr-3856	172	15	)	)	PUNCT
fsr-3856	172	16	(	(	PUNCT
fsr-3856	172	17	0.64	0.64	NUM
fsr-3856	172	18	)	)	PUNCT
fsr-3856	172	19	(	(	PUNCT
fsr-3856	172	20	4.61	4.61	NUM
fsr-3856	172	21	)	)	PUNCT
fsr-3856	172	22	*	*	PUNCT
fsr-3856	172	23	*	*	PUNCT
fsr-3856	172	24	(	(	PUNCT
fsr-3856	172	25	24.74	24.74	NUM
fsr-3856	172	26	)	)	PUNCT
fsr-3856	172	27	*	*	PUNCT
fsr-3856	173	1	*	*	PUNCT
fsr-3856	173	2	21	21	NUM
fsr-3856	173	3	20.0090	20.0090	NUM
fsr-3856	173	4	20.0316	20.0316	NUM
fsr-3856	173	5	0.0103	0.0103	NUM
fsr-3856	173	6	0.0685	0.0685	NUM
fsr-3856	173	7	20.1001	20.1001	NUM
fsr-3856	173	8	(	(	PUNCT
fsr-3856	173	9	21.61	21.61	NUM
fsr-3856	173	10	)	)	PUNCT
fsr-3856	173	11	(	(	PUNCT
fsr-3856	173	12	22.13	22.13	NUM
fsr-3856	173	13	)	)	PUNCT
fsr-3856	173	14	*	*	PUNCT
fsr-3856	173	15	(	(	PUNCT
fsr-3856	173	16	2.40	2.40	NUM
fsr-3856	173	17	)	)	PUNCT
fsr-3856	173	18	*	*	PUNCT
fsr-3856	173	19	(	(	PUNCT
fsr-3856	173	20	5.28	5.28	NUM
fsr-3856	173	21	)	)	PUNCT
fsr-3856	173	22	*	*	PUNCT
fsr-3856	173	23	*	*	PUNCT
fsr-3856	173	24	(	(	PUNCT
fsr-3856	173	25	25.09	25.09	NUM
fsr-3856	173	26	)	)	PUNCT
fsr-3856	173	27	*	*	PUNCT
fsr-3856	174	1	*	*	PUNCT
fsr-3856	174	2	0	0	NUM
fsr-3856	174	3	20.0051	20.0051	NUM
fsr-3856	174	4	20.0367	20.0367	NUM
fsr-3856	174	5	0.0096	0.0096	NUM
fsr-3856	174	6	0.0781	0.0781	NUM
fsr-3856	174	7	20.1148	20.1148	NUM
fsr-3856	174	8	(	(	PUNCT
fsr-3856	174	9	21.05	21.05	NUM
fsr-3856	174	10	)	)	PUNCT
fsr-3856	174	11	(	(	PUNCT
fsr-3856	174	12	22.26	22.26	NUM
fsr-3856	174	13	)	)	PUNCT
fsr-3856	174	14	*	*	PUNCT
fsr-3856	174	15	(	(	PUNCT
fsr-3856	174	16	2.52	2.52	NUM
fsr-3856	174	17	)	)	PUNCT
fsr-3856	174	18	*	*	PUNCT
fsr-3856	174	19	(	(	PUNCT
fsr-3856	174	20	5.38	5.38	NUM
fsr-3856	174	21	)	)	PUNCT
fsr-3856	174	22	*	*	PUNCT
fsr-3856	174	23	*	*	PUNCT
fsr-3856	174	24	(	(	PUNCT
fsr-3856	174	25	25.26	25.26	NUM
fsr-3856	174	26	)	)	PUNCT
fsr-3856	174	27	*	*	PUNCT
fsr-3856	174	28	*	*	PUNCT
fsr-3856	174	29	average	average	ADJ
fsr-3856	174	30	average	average	ADJ
fsr-3856	174	31	residuals	residual	NOUN
fsr-3856	174	32	(	(	PUNCT
fsr-3856	174	33	aars	aar	NOUN
fsr-3856	174	34	)	)	PUNCT
fsr-3856	174	35	and	and	CCONJ
fsr-3856	174	36	cumulative	cumulative	ADJ
fsr-3856	174	37	average	average	ADJ
fsr-3856	174	38	average	average	ADJ
fsr-3856	174	39	residuals	residual	NOUN
fsr-3856	174	40	(	(	PUNCT
fsr-3856	174	41	caars	caar	NOUN
fsr-3856	174	42	)	)	PUNCT
fsr-3856	174	43	are	be	AUX
fsr-3856	174	44	presented	present	VERB
fsr-3856	174	45	for	for	ADP
fsr-3856	174	46	the	the	DET
fsr-3856	174	47	full	full	ADJ
fsr-3856	174	48	sample	sample	NOUN
fsr-3856	174	49	period	period	NOUN
fsr-3856	174	50	,	,	PUNCT
fsr-3856	174	51	1964	1964	NUM
fsr-3856	174	52	to	to	ADP
fsr-3856	174	53	1997	1997	NUM
fsr-3856	174	54	.	.	PUNCT
fsr-3856	175	1	the	the	DET
fsr-3856	175	2	high	high	ADJ
fsr-3856	175	3	-	-	PUNCT
fsr-3856	175	4	yield	yield	NOUN
fsr-3856	175	5	portfolios	portfolio	NOUN
fsr-3856	175	6	include	include	VERB
fsr-3856	175	7	the	the	DET
fsr-3856	175	8	ten	ten	NUM
fsr-3856	175	9	highest	highest	ADV
fsr-3856	175	10	-	-	PUNCT
fsr-3856	175	11	yielding	yield	VERB
fsr-3856	175	12	stocks	stock	NOUN
fsr-3856	175	13	from	from	ADP
fsr-3856	175	14	the	the	DET
fsr-3856	175	15	dow	dow	PROPN
fsr-3856	175	16	jones	jones	PROPN
fsr-3856	175	17	industrial	industrial	PROPN
fsr-3856	175	18	average	average	PROPN
fsr-3856	175	19	.	.	PUNCT
fsr-3856	176	1	the	the	DET
fsr-3856	176	2	low	low	ADJ
fsr-3856	176	3	-	-	PUNCT
fsr-3856	176	4	yield	yield	NOUN
fsr-3856	176	5	portfolios	portfolio	NOUN
fsr-3856	176	6	include	include	VERB
fsr-3856	176	7	the	the	DET
fsr-3856	176	8	dow	dow	NOUN
fsr-3856	176	9	’s	’s	PART
fsr-3856	176	10	ten	ten	NUM
fsr-3856	176	11	lowest	low	ADJ
fsr-3856	176	12	yielding	yield	VERB
fsr-3856	176	13	stocks	stock	NOUN
fsr-3856	176	14	.	.	PUNCT
fsr-3856	177	1	this	this	DET
fsr-3856	177	2	panel	panel	NOUN
fsr-3856	177	3	shows	show	VERB
fsr-3856	177	4	preformation	preformation	NOUN
fsr-3856	177	5	monthst	monthst	VERB
fsr-3856	177	6	5	5	NUM
fsr-3856	177	7	211	211	NUM
fsr-3856	177	8	to	to	ADP
fsr-3856	177	9	t	t	PROPN
fsr-3856	177	10	5	5	NUM
fsr-3856	177	11	0	0	NUM
fsr-3856	177	12	.	.	PUNCT
fsr-3856	178	1	numbers	number	NOUN
fsr-3856	178	2	in	in	ADP
fsr-3856	178	3	parentheses	parenthesis	NOUN
fsr-3856	178	4	aret	aret	PROPN
fsr-3856	178	5	-	-	PUNCT
fsr-3856	178	6	statistics	statistic	NOUN
fsr-3856	178	7	.	.	PUNCT
fsr-3856	179	1	*	*	PUNCT
fsr-3856	179	2	*	*	PUNCT
fsr-3856	179	3	significant	significant	ADJ
fsr-3856	179	4	at	at	ADP
fsr-3856	179	5	the	the	DET
fsr-3856	179	6	1	1	NUM
fsr-3856	179	7	percent	percent	NOUN
fsr-3856	179	8	level	level	NOUN
fsr-3856	179	9	.	.	PUNCT
fsr-3856	180	1	*	*	PUNCT
fsr-3856	180	2	significant	significant	ADJ
fsr-3856	180	3	at	at	ADP
fsr-3856	180	4	the	the	DET
fsr-3856	180	5	5	5	NUM
fsr-3856	180	6	percent	percent	NOUN
fsr-3856	180	7	level	level	NOUN
fsr-3856	180	8	.	.	PUNCT
fsr-3856	181	1	152	152	NUM
fsr-3856	181	2	d.l	d.l	NOUN
fsr-3856	181	3	.	.	PROPN
fsr-3856	182	1	domian	domian	PROPN
fsr-3856	182	2	et	et	PROPN
fsr-3856	182	3	al	al	PROPN
fsr-3856	182	4	.	.	PUNCT
fsr-3856	182	5	/	/	SYM
fsr-3856	182	6	financial	financial	ADJ
fsr-3856	182	7	services	service	NOUN
fsr-3856	182	8	review	review	VERB
fsr-3856	182	9	7	7	NUM
fsr-3856	182	10	(	(	PUNCT
fsr-3856	182	11	1998	1998	NUM
fsr-3856	182	12	)	)	PUNCT
fsr-3856	183	1	145–159	145–159	NUM
fsr-3856	183	2	our	our	PRON
fsr-3856	183	3	results	result	NOUN
fsr-3856	183	4	also	also	ADV
fsr-3856	183	5	reveal	reveal	VERB
fsr-3856	183	6	that	that	SCONJ
fsr-3856	183	7	the	the	DET
fsr-3856	183	8	high	high	ADJ
fsr-3856	183	9	-	-	PUNCT
fsr-3856	183	10	yield	yield	NOUN
fsr-3856	183	11	stocks	stock	NOUN
fsr-3856	183	12	underperform	underperform	VERB
fsr-3856	183	13	the	the	DET
fsr-3856	183	14	market	market	NOUN
fsr-3856	183	15	by	by	ADP
fsr-3856	183	16	3.67	3.67	NUM
fsr-3856	183	17	%	%	NOUN
fsr-3856	183	18	in	in	ADP
fsr-3856	183	19	the	the	DET
fsr-3856	183	20	twelve	twelve	NUM
fsr-3856	183	21	months	month	NOUN
fsr-3856	183	22	before	before	SCONJ
fsr-3856	183	23	portfolio	portfolio	NOUN
fsr-3856	183	24	formation	formation	NOUN
fsr-3856	183	25	(	(	PUNCT
fsr-3856	183	26	see	see	VERB
fsr-3856	183	27	panel	panel	NOUN
fsr-3856	183	28	b	b	NOUN
fsr-3856	183	29	)	)	PUNCT
fsr-3856	183	30	.	.	PUNCT
fsr-3856	184	1	these	these	DET
fsr-3856	184	2	high	high	ADJ
fsr-3856	184	3	-	-	PUNCT
fsr-3856	184	4	yield	yield	NOUN
fsr-3856	184	5	stocks	stock	NOUN
fsr-3856	184	6	are	be	AUX
fsr-3856	184	7	indeed	indeed	ADV
fsr-3856	184	8	,	,	PUNCT
fsr-3856	184	9	in	in	ADP
fsr-3856	184	10	de	de	X
fsr-3856	184	11	bondt	bondt	NOUN
fsr-3856	184	12	and	and	CCONJ
fsr-3856	184	13	thaler	thaler	PROPN
fsr-3856	184	14	parlance	parlance	NOUN
fsr-3856	184	15	,	,	PUNCT
fsr-3856	184	16	losers	loser	NOUN
fsr-3856	184	17	.	.	PUNCT
fsr-3856	185	1	the	the	DET
fsr-3856	185	2	low	low	ADJ
fsr-3856	185	3	-	-	PUNCT
fsr-3856	185	4	yield	yield	NOUN
fsr-3856	185	5	stocks	stock	NOUN
fsr-3856	185	6	outperform	outperform	VERB
fsr-3856	185	7	the	the	DET
fsr-3856	185	8	market	market	NOUN
fsr-3856	185	9	in	in	ADP
fsr-3856	185	10	the	the	DET
fsr-3856	185	11	twelve	twelve	NUM
fsr-3856	185	12	preformation	preformation	ADJ
fsr-3856	185	13	months	month	NOUN
fsr-3856	185	14	by	by	ADP
fsr-3856	185	15	7.81	7.81	NUM
fsr-3856	185	16	%	%	NOUN
fsr-3856	185	17	,	,	PUNCT
fsr-3856	185	18	establishing	establish	VERB
fsr-3856	185	19	them	they	PRON
fsr-3856	185	20	as	as	ADP
fsr-3856	185	21	winners	winner	NOUN
fsr-3856	185	22	.	.	PUNCT
fsr-3856	186	1	the	the	DET
fsr-3856	186	2	difference	difference	NOUN
fsr-3856	186	3	between	between	ADP
fsr-3856	186	4	the	the	DET
fsr-3856	186	5	two	two	NUM
fsr-3856	186	6	cumulative	cumulative	ADJ
fsr-3856	186	7	returns	return	NOUN
fsr-3856	186	8	is	be	AUX
fsr-3856	186	9	11.48	11.48	NUM
fsr-3856	186	10	%	%	NOUN
fsr-3856	186	11	.	.	PUNCT
fsr-3856	187	1	furthermore	furthermore	ADV
fsr-3856	187	2	,	,	PUNCT
fsr-3856	187	3	our	our	PRON
fsr-3856	187	4	findings	finding	NOUN
fsr-3856	187	5	are	be	AUX
fsr-3856	187	6	consistent	consistent	ADJ
fsr-3856	187	7	with	with	ADP
fsr-3856	187	8	de	de	X
fsr-3856	187	9	bondt	bondt	NOUN
fsr-3856	187	10	and	and	CCONJ
fsr-3856	187	11	thaler	thaler	VERB
fsr-3856	187	12	in	in	ADP
fsr-3856	187	13	that	that	SCONJ
fsr-3856	187	14	the	the	DET
fsr-3856	187	15	overreaction	overreaction	NOUN
fsr-3856	187	16	effect	effect	NOUN
fsr-3856	187	17	is	be	AUX
fsr-3856	187	18	asymmetric	asymmetric	ADJ
fsr-3856	187	19	;	;	PUNCT
fsr-3856	187	20	i.e.	i.e.	X
fsr-3856	187	21	,	,	PUNCT
fsr-3856	187	22	it	it	PRON
fsr-3856	187	23	is	be	AUX
fsr-3856	187	24	larger	large	ADJ
fsr-3856	187	25	for	for	ADP
fsr-3856	187	26	the	the	DET
fsr-3856	187	27	high	high	ADJ
fsr-3856	187	28	-	-	PUNCT
fsr-3856	187	29	yield	yield	NOUN
fsr-3856	187	30	stocks	stock	NOUN
fsr-3856	187	31	than	than	ADP
fsr-3856	187	32	the	the	DET
fsr-3856	187	33	low	low	ADJ
fsr-3856	187	34	-	-	PUNCT
fsr-3856	187	35	yield	yield	NOUN
fsr-3856	187	36	stocks	stock	NOUN
fsr-3856	187	37	.	.	PUNCT
fsr-3856	188	1	also	also	ADV
fsr-3856	188	2	consistent	consistent	ADJ
fsr-3856	188	3	with	with	ADP
fsr-3856	188	4	de	de	X
fsr-3856	188	5	bondt	bondt	NOUN
fsr-3856	188	6	and	and	CCONJ
fsr-3856	188	7	thaler	thaler	NOUN
fsr-3856	188	8	,	,	PUNCT
fsr-3856	188	9	we	we	PRON
fsr-3856	188	10	find	find	VERB
fsr-3856	188	11	evidence	evidence	NOUN
fsr-3856	188	12	of	of	ADP
fsr-3856	188	13	a	a	DET
fsr-3856	188	14	seasonality	seasonality	NOUN
fsr-3856	188	15	effect	effect	NOUN
fsr-3856	188	16	,	,	PUNCT
fsr-3856	188	17	particularly	particularly	ADV
fsr-3856	188	18	among	among	ADP
fsr-3856	188	19	the	the	DET
fsr-3856	188	20	high	high	ADJ
fsr-3856	188	21	-	-	PUNCT
fsr-3856	188	22	yield	yield	NOUN
fsr-3856	188	23	stocks	stock	NOUN
fsr-3856	188	24	.	.	PUNCT
fsr-3856	189	1	the	the	DET
fsr-3856	189	2	overreaction	overreaction	NOUN
fsr-3856	189	3	effect	effect	NOUN
fsr-3856	189	4	is	be	AUX
fsr-3856	189	5	much	much	ADV
fsr-3856	189	6	more	more	ADV
fsr-3856	189	7	pronounced	pronounce	VERB
fsr-3856	189	8	in	in	ADP
fsr-3856	189	9	january	january	PROPN
fsr-3856	189	10	than	than	ADP
fsr-3856	189	11	in	in	ADP
fsr-3856	189	12	subsequent	subsequent	ADJ
fsr-3856	189	13	months	month	NOUN
fsr-3856	189	14	.	.	PUNCT
fsr-3856	190	1	in	in	ADP
fsr-3856	190	2	montht	montht	NOUN
fsr-3856	190	3	5	5	NUM
fsr-3856	190	4	11	11	NUM
fsr-3856	190	5	,	,	PUNCT
fsr-3856	190	6	the	the	DET
fsr-3856	190	7	high	high	ADJ
fsr-3856	190	8	-	-	PUNCT
fsr-3856	190	9	yield	yield	NOUN
fsr-3856	190	10	portfolio	portfolio	NOUN
fsr-3856	190	11	earns	earn	VERB
fsr-3856	190	12	an	an	DET
fsr-3856	190	13	excess	excess	ADJ
fsr-3856	190	14	return	return	NOUN
fsr-3856	190	15	of	of	ADP
fsr-3856	190	16	2.25	2.25	NUM
fsr-3856	190	17	%	%	NOUN
fsr-3856	190	18	.	.	PUNCT
fsr-3856	191	1	figure	figure	NOUN
fsr-3856	191	2	1	1	NUM
fsr-3856	191	3	combines	combine	VERB
fsr-3856	191	4	the	the	DET
fsr-3856	191	5	preformation	preformation	NOUN
fsr-3856	191	6	and	and	CCONJ
fsr-3856	191	7	postformation	postformation	NOUN
fsr-3856	191	8	periods	period	NOUN
fsr-3856	191	9	to	to	PART
fsr-3856	191	10	show	show	VERB
fsr-3856	191	11	the	the	DET
fsr-3856	191	12	excess	excess	ADJ
fsr-3856	191	13	returns	return	NOUN
fsr-3856	191	14	over	over	ADP
fsr-3856	191	15	24	24	NUM
fsr-3856	191	16	months	month	NOUN
fsr-3856	191	17	,	,	PUNCT
fsr-3856	191	18	cumulating	cumulate	VERB
fsr-3856	191	19	average	average	ADJ
fsr-3856	191	20	average	average	ADJ
fsr-3856	191	21	residuals	residual	NOUN
fsr-3856	191	22	fromt	fromt	ADJ
fsr-3856	191	23	5	5	NUM
fsr-3856	191	24	211	211	NUM
fsr-3856	191	25	to	to	ADP
fsr-3856	191	26	t	t	PROPN
fsr-3856	191	27	5	5	NUM
fsr-3856	191	28	12	12	NUM
fsr-3856	191	29	.	.	PUNCT
fsr-3856	192	1	for	for	ADP
fsr-3856	192	2	the	the	DET
fsr-3856	192	3	full	full	ADJ
fsr-3856	192	4	two	two	NUM
fsr-3856	192	5	years	year	NOUN
fsr-3856	192	6	,	,	PUNCT
fsr-3856	192	7	the	the	DET
fsr-3856	192	8	high	high	ADJ
fsr-3856	192	9	-	-	PUNCT
fsr-3856	192	10	yield	yield	NOUN
fsr-3856	192	11	stocks	stock	NOUN
fsr-3856	192	12	outperform	outperform	VERB
fsr-3856	192	13	the	the	DET
fsr-3856	192	14	s&p	s&p	PROPN
fsr-3856	192	15	500	500	NUM
fsr-3856	192	16	by	by	ADP
fsr-3856	192	17	a	a	DET
fsr-3856	192	18	relatively	relatively	ADV
fsr-3856	192	19	modest	modest	ADJ
fsr-3856	192	20	1.09	1.09	NUM
fsr-3856	192	21	%	%	NOUN
fsr-3856	192	22	.	.	PUNCT
fsr-3856	193	1	the	the	DET
fsr-3856	193	2	choice	choice	NOUN
fsr-3856	193	3	of	of	ADP
fsr-3856	193	4	january	january	PROPN
fsr-3856	193	5	as	as	ADP
fsr-3856	193	6	the	the	DET
fsr-3856	193	7	starting	start	VERB
fsr-3856	193	8	month	month	NOUN
fsr-3856	193	9	is	be	AUX
fsr-3856	193	10	arbitrary	arbitrary	ADJ
fsr-3856	193	11	.	.	PUNCT
fsr-3856	194	1	while	while	SCONJ
fsr-3856	194	2	previous	previous	ADJ
fsr-3856	194	3	dds	dds	PROPN
fsr-3856	194	4	studies	study	NOUN
fsr-3856	194	5	typically	typically	ADV
fsr-3856	194	6	follow	follow	VERB
fsr-3856	194	7	this	this	DET
fsr-3856	194	8	convention	convention	NOUN
fsr-3856	194	9	,	,	PUNCT
fsr-3856	194	10	it	it	PRON
fsr-3856	194	11	should	should	AUX
fsr-3856	194	12	be	be	AUX
fsr-3856	194	13	noted	note	VERB
fsr-3856	194	14	that	that	SCONJ
fsr-3856	194	15	the	the	DET
fsr-3856	194	16	uits	uit	NOUN
fsr-3856	194	17	co	co	VERB
fsr-3856	194	18	-	-	VERB
fsr-3856	194	19	sponsored	sponsor	VERB
fsr-3856	194	20	by	by	ADP
fsr-3856	194	21	merrill	merrill	PROPN
fsr-3856	194	22	fig	fig	PROPN
fsr-3856	194	23	.	.	PUNCT
fsr-3856	195	1	1	1	X
fsr-3856	195	2	.	.	X
fsr-3856	195	3	cumulative	cumulative	ADJ
fsr-3856	195	4	residuals	residual	NOUN
fsr-3856	195	5	for	for	ADP
fsr-3856	195	6	1964–1997	1964–1997	NUM
fsr-3856	195	7	.	.	PUNCT
fsr-3856	196	1	153d.l	153d.l	X
fsr-3856	196	2	.	.	PUNCT
fsr-3856	197	1	domian	domian	PROPN
fsr-3856	197	2	et	et	PROPN
fsr-3856	197	3	al	al	PROPN
fsr-3856	197	4	.	.	PUNCT
fsr-3856	197	5	/	/	SYM
fsr-3856	197	6	financial	financial	ADJ
fsr-3856	197	7	services	service	NOUN
fsr-3856	197	8	review	review	VERB
fsr-3856	197	9	7	7	NUM
fsr-3856	197	10	(	(	PUNCT
fsr-3856	197	11	1998	1998	NUM
fsr-3856	197	12	)	)	PUNCT
fsr-3856	197	13	145–159	145–159	NUM
fsr-3856	197	14	lynch	lynch	PROPN
fsr-3856	197	15	et	et	PROPN
fsr-3856	197	16	al	al	PROPN
fsr-3856	197	17	.	.	PUNCT
fsr-3856	198	1	use	use	VERB
fsr-3856	198	2	different	different	ADJ
fsr-3856	198	3	starting	starting	NOUN
fsr-3856	198	4	months	month	NOUN
fsr-3856	198	5	throughout	throughout	ADP
fsr-3856	198	6	the	the	DET
fsr-3856	198	7	year	year	NOUN
fsr-3856	198	8	.	.	PUNCT
fsr-3856	199	1	however	however	ADV
fsr-3856	199	2	,	,	PUNCT
fsr-3856	199	3	the	the	DET
fsr-3856	199	4	studies	study	NOUN
fsr-3856	199	5	and	and	CCONJ
fsr-3856	199	6	the	the	DET
fsr-3856	199	7	uits	uit	NOUN
fsr-3856	199	8	all	all	PRON
fsr-3856	199	9	use	use	VERB
fsr-3856	199	10	annual	annual	ADJ
fsr-3856	199	11	rebalancing	rebalancing	NOUN
fsr-3856	199	12	of	of	ADP
fsr-3856	199	13	the	the	DET
fsr-3856	199	14	portfolios	portfolio	NOUN
fsr-3856	199	15	,	,	PUNCT
fsr-3856	199	16	so	so	SCONJ
fsr-3856	199	17	we	we	PRON
fsr-3856	199	18	use	use	VERB
fsr-3856	199	19	twelve	twelve	NUM
fsr-3856	199	20	month	month	NOUN
fsr-3856	199	21	postformation	postformation	NOUN
fsr-3856	199	22	periods	period	NOUN
fsr-3856	199	23	throughout	throughout	ADP
fsr-3856	199	24	this	this	DET
fsr-3856	199	25	paper	paper	NOUN
fsr-3856	199	26	.	.	PUNCT
fsr-3856	200	1	interestingly	interestingly	ADV
fsr-3856	200	2	,	,	PUNCT
fsr-3856	200	3	de	de	X
fsr-3856	200	4	bondt	bondt	NOUN
fsr-3856	200	5	and	and	CCONJ
fsr-3856	200	6	thaler	thaler	NOUN
fsr-3856	200	7	(	(	PUNCT
fsr-3856	200	8	1985	1985	NUM
fsr-3856	200	9	)	)	PUNCT
fsr-3856	200	10	and	and	CCONJ
fsr-3856	200	11	chopra	chopra	PROPN
fsr-3856	200	12	et	et	PROPN
fsr-3856	200	13	al	al	PROPN
fsr-3856	200	14	.	.	PROPN
fsr-3856	201	1	(	(	PUNCT
fsr-3856	201	2	1992	1992	NUM
fsr-3856	201	3	)	)	PUNCT
fsr-3856	201	4	find	find	VERB
fsr-3856	201	5	that	that	SCONJ
fsr-3856	201	6	portfolios	portfolio	NOUN
fsr-3856	201	7	formed	form	VERB
fsr-3856	201	8	on	on	ADP
fsr-3856	201	9	the	the	DET
fsr-3856	201	10	basis	basis	NOUN
fsr-3856	201	11	of	of	ADP
fsr-3856	201	12	one	one	NUM
fsr-3856	201	13	-	-	PUNCT
fsr-3856	201	14	year	year	NOUN
fsr-3856	201	15	returns	return	NOUN
fsr-3856	201	16	display	display	VERB
fsr-3856	201	17	return	return	NOUN
fsr-3856	201	18	momentum	momentum	NOUN
fsr-3856	201	19	instead	instead	ADV
fsr-3856	201	20	of	of	ADP
fsr-3856	201	21	overreaction	overreaction	NOUN
fsr-3856	201	22	.	.	PUNCT
fsr-3856	202	1	that	that	PRON
fsr-3856	202	2	is	be	AUX
fsr-3856	202	3	,	,	PUNCT
fsr-3856	202	4	the	the	DET
fsr-3856	202	5	previous	previous	ADJ
fsr-3856	202	6	year	year	NOUN
fsr-3856	202	7	’s	’s	PART
fsr-3856	202	8	losers	loser	NOUN
fsr-3856	202	9	continue	continue	VERB
fsr-3856	202	10	to	to	PART
fsr-3856	202	11	underperform	underperform	VERB
fsr-3856	202	12	in	in	ADP
fsr-3856	202	13	the	the	DET
fsr-3856	202	14	next	next	ADJ
fsr-3856	202	15	year	year	NOUN
fsr-3856	202	16	,	,	PUNCT
fsr-3856	202	17	while	while	SCONJ
fsr-3856	202	18	the	the	DET
fsr-3856	202	19	winners	winner	NOUN
fsr-3856	202	20	continue	continue	VERB
fsr-3856	202	21	to	to	PART
fsr-3856	202	22	outperform	outperform	VERB
fsr-3856	202	23	.	.	PUNCT
fsr-3856	203	1	in	in	ADP
fsr-3856	203	2	an	an	DET
fsr-3856	203	3	effort	effort	NOUN
fsr-3856	203	4	to	to	PART
fsr-3856	203	5	examine	examine	VERB
fsr-3856	203	6	robustness	robustness	NOUN
fsr-3856	203	7	of	of	ADP
fsr-3856	203	8	the	the	DET
fsr-3856	203	9	dds	dds	PROPN
fsr-3856	203	10	throughout	throughout	ADP
fsr-3856	203	11	the	the	DET
fsr-3856	203	12	full	full	ADJ
fsr-3856	203	13	sample	sample	NOUN
fsr-3856	203	14	period	period	NOUN
fsr-3856	203	15	,	,	PUNCT
fsr-3856	203	16	we	we	PRON
fsr-3856	203	17	test	test	VERB
fsr-3856	203	18	the	the	DET
fsr-3856	203	19	1964–1986	1964–1986	NUM
fsr-3856	203	20	and	and	CCONJ
fsr-3856	203	21	1989–1997	1989–1997	NUM
fsr-3856	203	22	subperiods	subperiod	NOUN
fsr-3856	203	23	separately	separately	ADV
fsr-3856	203	24	.	.	PUNCT
fsr-3856	204	1	results	result	NOUN
fsr-3856	204	2	for	for	ADP
fsr-3856	204	3	the	the	DET
fsr-3856	204	4	1964–1986	1964–1986	NUM
fsr-3856	204	5	pre	pre	ADJ
fsr-3856	204	6	-	-	ADJ
fsr-3856	204	7	crash	crash	ADJ
fsr-3856	204	8	subperiod	subperiod	NOUN
fsr-3856	204	9	are	be	AUX
fsr-3856	204	10	presented	present	VERB
fsr-3856	204	11	in	in	ADP
fsr-3856	204	12	table	table	NOUN
fsr-3856	204	13	4	4	NUM
fsr-3856	204	14	.	.	PUNCT
fsr-3856	205	1	during	during	ADP
fsr-3856	205	2	the	the	DET
fsr-3856	205	3	twelve	twelve	NUM
fsr-3856	205	4	month	month	NOUN
fsr-3856	205	5	period	period	NOUN
fsr-3856	205	6	following	follow	VERB
fsr-3856	205	7	portfolio	portfolio	NOUN
fsr-3856	205	8	formation	formation	NOUN
fsr-3856	205	9	(	(	PUNCT
fsr-3856	205	10	see	see	VERB
fsr-3856	205	11	panel	panel	NOUN
fsr-3856	205	12	a	a	X
fsr-3856	205	13	)	)	PUNCT
fsr-3856	205	14	the	the	DET
fsr-3856	205	15	high	high	ADJ
fsr-3856	205	16	-	-	PUNCT
fsr-3856	205	17	yield	yield	NOUN
fsr-3856	205	18	portfolio	portfolio	NOUN
fsr-3856	205	19	outperforms	outperform	VERB
fsr-3856	205	20	the	the	DET
fsr-3856	205	21	s&p	s&p	PROPN
fsr-3856	205	22	500	500	NUM
fsr-3856	205	23	by	by	ADP
fsr-3856	205	24	5.11	5.11	NUM
fsr-3856	205	25	%	%	NOUN
fsr-3856	205	26	.	.	PUNCT
fsr-3856	206	1	the	the	DET
fsr-3856	206	2	low	low	ADJ
fsr-3856	206	3	-	-	PUNCT
fsr-3856	206	4	yield	yield	NOUN
fsr-3856	206	5	portfolio	portfolio	NOUN
fsr-3856	206	6	underperforms	underperform	VERB
fsr-3856	206	7	the	the	DET
fsr-3856	206	8	benchmark	benchmark	NOUN
fsr-3856	206	9	by	by	ADP
fsr-3856	206	10	3.21	3.21	NUM
fsr-3856	206	11	%	%	NOUN
fsr-3856	206	12	during	during	ADP
fsr-3856	206	13	the	the	DET
fsr-3856	206	14	same	same	ADJ
fsr-3856	206	15	period	period	NOUN
fsr-3856	206	16	.	.	PUNCT
fsr-3856	207	1	the	the	DET
fsr-3856	207	2	difference	difference	NOUN
fsr-3856	207	3	between	between	ADP
fsr-3856	207	4	the	the	DET
fsr-3856	207	5	cumulative	cumulative	ADJ
fsr-3856	207	6	residuals	residual	NOUN
fsr-3856	207	7	of	of	ADP
fsr-3856	207	8	the	the	DET
fsr-3856	207	9	two	two	NUM
fsr-3856	207	10	portfolios	portfolio	NOUN
fsr-3856	207	11	[	[	X
fsr-3856	207	12	caarh,12	caarh,12	VERB
fsr-3856	207	13	2	2	NUM
fsr-3856	207	14	caarl,12	caarl,12	NOUN
fsr-3856	207	15	]	]	PUNCT
fsr-3856	207	16	is	be	AUX
fsr-3856	207	17	8.32	8.32	NUM
fsr-3856	207	18	%	%	NOUN
fsr-3856	207	19	.	.	PUNCT
fsr-3856	208	1	thus	thus	ADV
fsr-3856	208	2	,	,	PUNCT
fsr-3856	208	3	the	the	DET
fsr-3856	208	4	dow	dow	PROPN
fsr-3856	208	5	dividend	dividend	NOUN
fsr-3856	208	6	effect	effect	NOUN
fsr-3856	208	7	is	be	AUX
fsr-3856	208	8	somewhat	somewhat	ADV
fsr-3856	208	9	stronger	strong	ADJ
fsr-3856	208	10	during	during	ADP
fsr-3856	208	11	this	this	DET
fsr-3856	208	12	subperiod	subperiod	NOUN
fsr-3856	208	13	than	than	ADP
fsr-3856	208	14	during	during	ADP
fsr-3856	208	15	the	the	DET
fsr-3856	208	16	full	full	ADJ
fsr-3856	208	17	sample	sample	NOUN
fsr-3856	208	18	period	period	NOUN
fsr-3856	208	19	.	.	PUNCT
fsr-3856	209	1	we	we	PRON
fsr-3856	209	2	find	find	VERB
fsr-3856	209	3	that	that	SCONJ
fsr-3856	209	4	the	the	DET
fsr-3856	209	5	high	high	ADJ
fsr-3856	209	6	-	-	PUNCT
fsr-3856	209	7	yield	yield	NOUN
fsr-3856	209	8	stocks	stock	NOUN
fsr-3856	209	9	underperform	underperform	VERB
fsr-3856	209	10	the	the	DET
fsr-3856	209	11	market	market	NOUN
fsr-3856	209	12	by	by	ADP
fsr-3856	209	13	4.67	4.67	NUM
fsr-3856	209	14	%	%	NOUN
fsr-3856	209	15	in	in	ADP
fsr-3856	209	16	the	the	DET
fsr-3856	209	17	twelve	twelve	NUM
fsr-3856	209	18	months	month	NOUN
fsr-3856	209	19	before	before	SCONJ
fsr-3856	209	20	portfolio	portfolio	NOUN
fsr-3856	209	21	formation	formation	NOUN
fsr-3856	209	22	(	(	PUNCT
fsr-3856	209	23	see	see	VERB
fsr-3856	209	24	panel	panel	NOUN
fsr-3856	209	25	b	b	NOUN
fsr-3856	209	26	)	)	PUNCT
fsr-3856	209	27	.	.	PUNCT
fsr-3856	210	1	the	the	DET
fsr-3856	210	2	low	low	ADJ
fsr-3856	210	3	-	-	PUNCT
fsr-3856	210	4	yield	yield	NOUN
fsr-3856	210	5	stocks	stock	NOUN
fsr-3856	210	6	outperform	outperform	VERB
fsr-3856	210	7	the	the	DET
fsr-3856	210	8	market	market	NOUN
fsr-3856	210	9	by	by	ADP
fsr-3856	210	10	6.16	6.16	NUM
fsr-3856	210	11	%	%	NOUN
fsr-3856	210	12	during	during	ADP
fsr-3856	210	13	this	this	DET
fsr-3856	210	14	period	period	NOUN
fsr-3856	210	15	.	.	PUNCT
fsr-3856	211	1	figure	figure	NOUN
fsr-3856	211	2	2	2	NUM
fsr-3856	211	3	follows	follow	VERB
fsr-3856	211	4	the	the	DET
fsr-3856	211	5	format	format	NOUN
fsr-3856	211	6	used	use	VERB
fsr-3856	211	7	in	in	ADP
fsr-3856	211	8	fig	fig	NOUN
fsr-3856	211	9	.	.	PUNCT
fsr-3856	212	1	1	1	NUM
fsr-3856	212	2	,	,	PUNCT
fsr-3856	212	3	cumulating	cumulate	VERB
fsr-3856	212	4	residuals	residual	NOUN
fsr-3856	212	5	over	over	ADP
fsr-3856	212	6	24	24	NUM
fsr-3856	212	7	months	month	NOUN
fsr-3856	212	8	.	.	PUNCT
fsr-3856	213	1	for	for	ADP
fsr-3856	213	2	1964	1964	NUM
fsr-3856	213	3	-	-	SYM
fsr-3856	213	4	1986	1986	NUM
fsr-3856	213	5	,	,	PUNCT
fsr-3856	213	6	the	the	DET
fsr-3856	213	7	preformation	preformation	NOUN
fsr-3856	213	8	and	and	CCONJ
fsr-3856	213	9	postformation	postformation	NOUN
fsr-3856	213	10	plots	plot	NOUN
fsr-3856	213	11	of	of	ADP
fsr-3856	213	12	the	the	DET
fsr-3856	213	13	high	high	ADJ
fsr-3856	213	14	-	-	PUNCT
fsr-3856	213	15	yield	yield	NOUN
fsr-3856	213	16	stocks	stock	NOUN
fsr-3856	213	17	are	be	AUX
fsr-3856	213	18	almost	almost	ADV
fsr-3856	213	19	mirror	mirror	NOUN
fsr-3856	213	20	images	image	NOUN
fsr-3856	213	21	aboutt	aboutt	VERB
fsr-3856	213	22	5	5	NUM
fsr-3856	213	23	0	0	NUM
fsr-3856	213	24	,	,	PUNCT
fsr-3856	213	25	and	and	CCONJ
fsr-3856	213	26	after	after	ADP
fsr-3856	213	27	two	two	NUM
fsr-3856	213	28	years	year	NOUN
fsr-3856	213	29	these	these	DET
fsr-3856	213	30	stocks	stock	NOUN
fsr-3856	213	31	gain	gain	VERB
fsr-3856	213	32	only	only	ADV
fsr-3856	213	33	0.44	0.44	NUM
fsr-3856	213	34	%	%	NOUN
fsr-3856	213	35	on	on	ADP
fsr-3856	213	36	the	the	DET
fsr-3856	213	37	market	market	NOUN
fsr-3856	213	38	benchmark	benchmark	NOUN
fsr-3856	213	39	.	.	PUNCT
fsr-3856	214	1	results	result	NOUN
fsr-3856	214	2	for	for	ADP
fsr-3856	214	3	the	the	DET
fsr-3856	214	4	1989–1997	1989–1997	NUM
fsr-3856	214	5	post	post	ADJ
fsr-3856	214	6	-	-	ADJ
fsr-3856	214	7	crash	crash	ADJ
fsr-3856	214	8	subperiod	subperiod	NOUN
fsr-3856	214	9	are	be	AUX
fsr-3856	214	10	presented	present	VERB
fsr-3856	214	11	in	in	ADP
fsr-3856	214	12	table	table	NOUN
fsr-3856	214	13	5	5	NUM
fsr-3856	214	14	and	and	CCONJ
fsr-3856	214	15	fig	fig	NOUN
fsr-3856	214	16	.	.	PUNCT
fsr-3856	215	1	3	3	X
fsr-3856	215	2	.	.	X
fsr-3856	215	3	during	during	ADP
fsr-3856	215	4	the	the	DET
fsr-3856	215	5	postformation	postformation	NOUN
fsr-3856	215	6	period	period	NOUN
fsr-3856	215	7	(	(	PUNCT
fsr-3856	215	8	see	see	VERB
fsr-3856	215	9	panel	panel	NOUN
fsr-3856	215	10	a	a	X
fsr-3856	215	11	)	)	PUNCT
fsr-3856	215	12	the	the	DET
fsr-3856	215	13	high	high	ADJ
fsr-3856	215	14	-	-	PUNCT
fsr-3856	215	15	yield	yield	NOUN
fsr-3856	215	16	portfoliosunderperformthe	portfoliosunderperformthe	ADJ
fsr-3856	215	17	market	market	NOUN
fsr-3856	215	18	portfolio	portfolio	NOUN
fsr-3856	215	19	by	by	ADP
fsr-3856	215	20	1.13	1.13	NUM
fsr-3856	215	21	%	%	NOUN
fsr-3856	215	22	while	while	SCONJ
fsr-3856	215	23	the	the	DET
fsr-3856	215	24	low	low	ADJ
fsr-3856	215	25	-	-	PUNCT
fsr-3856	215	26	yield	yield	NOUN
fsr-3856	215	27	portfolios	portfolio	NOUN
fsr-3856	215	28	underperform	underperform	NOUN
fsr-3856	215	29	by	by	ADP
fsr-3856	215	30	a	a	DET
fsr-3856	215	31	slightly	slightly	ADV
fsr-3856	215	32	larger	large	ADJ
fsr-3856	215	33	amount	amount	NOUN
fsr-3856	215	34	,	,	PUNCT
fsr-3856	215	35	2.78	2.78	NUM
fsr-3856	215	36	%	%	NOUN
fsr-3856	215	37	.	.	PUNCT
fsr-3856	216	1	the	the	DET
fsr-3856	216	2	difference	difference	NOUN
fsr-3856	216	3	between	between	ADP
fsr-3856	216	4	the	the	DET
fsr-3856	216	5	cumulative	cumulative	ADJ
fsr-3856	216	6	average	average	ADJ
fsr-3856	216	7	residuals	residual	NOUN
fsr-3856	216	8	of	of	ADP
fsr-3856	216	9	the	the	DET
fsr-3856	216	10	two	two	NUM
fsr-3856	216	11	portfolios	portfolio	NOUN
fsr-3856	216	12	[	[	X
fsr-3856	216	13	caarh,12	caarh,12	VERB
fsr-3856	216	14	2	2	NUM
fsr-3856	216	15	caarl,12	caarl,12	NOUN
fsr-3856	216	16	]	]	PUNCT
fsr-3856	216	17	is	be	AUX
fsr-3856	216	18	1.65	1.65	NUM
fsr-3856	216	19	%	%	NOUN
fsr-3856	216	20	with	with	ADP
fsr-3856	216	21	at	at	ADP
fsr-3856	216	22	-	-	PUNCT
fsr-3856	216	23	statistic	statistic	NOUN
fsr-3856	216	24	of	of	ADP
fsr-3856	216	25	only	only	ADV
fsr-3856	216	26	0.37	0.37	NUM
fsr-3856	216	27	.	.	PUNCT
fsr-3856	217	1	thus	thus	ADV
fsr-3856	217	2	,	,	PUNCT
fsr-3856	217	3	a	a	DET
fsr-3856	217	4	dow	dow	NOUN
fsr-3856	217	5	dividend	dividend	NOUN
fsr-3856	217	6	effect	effect	NOUN
fsr-3856	217	7	does	do	AUX
fsr-3856	217	8	not	not	PART
fsr-3856	217	9	seem	seem	VERB
fsr-3856	217	10	to	to	PART
fsr-3856	217	11	exist	exist	VERB
fsr-3856	217	12	during	during	ADP
fsr-3856	217	13	this	this	DET
fsr-3856	217	14	subperiod	subperiod	NOUN
fsr-3856	217	15	,	,	PUNCT
fsr-3856	217	16	although	although	SCONJ
fsr-3856	217	17	it	it	PRON
fsr-3856	217	18	should	should	AUX
fsr-3856	217	19	be	be	AUX
fsr-3856	217	20	noted	note	VERB
fsr-3856	217	21	that	that	SCONJ
fsr-3856	217	22	the	the	DET
fsr-3856	217	23	lack	lack	NOUN
fsr-3856	217	24	of	of	ADP
fsr-3856	217	25	statistical	statistical	ADJ
fsr-3856	217	26	significance	significance	NOUN
fsr-3856	217	27	is	be	AUX
fsr-3856	217	28	partly	partly	ADV
fsr-3856	217	29	due	due	ADJ
fsr-3856	217	30	to	to	ADP
fsr-3856	217	31	the	the	DET
fsr-3856	217	32	small	small	ADJ
fsr-3856	217	33	sample	sample	NOUN
fsr-3856	217	34	size	size	NOUN
fsr-3856	217	35	.	.	PUNCT
fsr-3856	218	1	during	during	ADP
fsr-3856	218	2	the	the	DET
fsr-3856	218	3	preformation	preformation	ADJ
fsr-3856	218	4	subperiod	subperiod	NOUN
fsr-3856	218	5	(	(	PUNCT
fsr-3856	218	6	see	see	VERB
fsr-3856	218	7	panel	panel	NOUN
fsr-3856	218	8	b	b	NOUN
fsr-3856	218	9	)	)	PUNCT
fsr-3856	218	10	,	,	PUNCT
fsr-3856	218	11	both	both	DET
fsr-3856	218	12	portfolios	portfolio	NOUN
fsr-3856	218	13	outperform	outperform	VERB
fsr-3856	218	14	the	the	DET
fsr-3856	218	15	s&p	s&p	PROPN
fsr-3856	218	16	500	500	NUM
fsr-3856	218	17	,	,	PUNCT
fsr-3856	218	18	the	the	DET
fsr-3856	218	19	high	high	ADJ
fsr-3856	218	20	-	-	PUNCT
fsr-3856	218	21	yield	yield	NOUN
fsr-3856	218	22	by	by	ADP
fsr-3856	218	23	2.75	2.75	NUM
fsr-3856	218	24	%	%	NOUN
fsr-3856	218	25	and	and	CCONJ
fsr-3856	218	26	the	the	DET
fsr-3856	218	27	low	low	ADJ
fsr-3856	218	28	-	-	PUNCT
fsr-3856	218	29	yield	yield	NOUN
fsr-3856	218	30	by	by	ADP
fsr-3856	218	31	1.06	1.06	NUM
fsr-3856	218	32	%	%	NOUN
fsr-3856	218	33	.	.	PUNCT
fsr-3856	219	1	these	these	DET
fsr-3856	219	2	results	result	NOUN
fsr-3856	219	3	contrast	contrast	VERB
fsr-3856	219	4	sharply	sharply	ADV
fsr-3856	219	5	with	with	ADP
fsr-3856	219	6	the	the	DET
fsr-3856	219	7	performance	performance	NOUN
fsr-3856	219	8	of	of	ADP
fsr-3856	219	9	these	these	DET
fsr-3856	219	10	portfolios	portfolio	NOUN
fsr-3856	219	11	in	in	ADP
fsr-3856	219	12	the	the	DET
fsr-3856	219	13	pre	pre	ADJ
fsr-3856	219	14	-	-	ADJ
fsr-3856	219	15	crash	crash	ADJ
fsr-3856	219	16	period	period	NOUN
fsr-3856	219	17	,	,	PUNCT
fsr-3856	219	18	when	when	SCONJ
fsr-3856	219	19	the	the	DET
fsr-3856	219	20	high	high	ADJ
fsr-3856	219	21	-	-	PUNCT
fsr-3856	219	22	yield	yield	NOUN
fsr-3856	219	23	stocks	stock	NOUN
fsr-3856	219	24	were	be	AUX
fsr-3856	219	25	“	"	PUNCT
fsr-3856	219	26	losers	loser	NOUN
fsr-3856	219	27	.	.	PUNCT
fsr-3856	219	28	”	"	PUNCT
fsr-3856	220	1	the	the	DET
fsr-3856	220	2	underlying	underlie	VERB
fsr-3856	220	3	dynamics	dynamic	NOUN
fsr-3856	220	4	of	of	ADP
fsr-3856	220	5	the	the	DET
fsr-3856	220	6	dow	dow	PROPN
fsr-3856	220	7	dividend	dividend	NOUN
fsr-3856	220	8	effect	effect	NOUN
fsr-3856	220	9	have	have	AUX
fsr-3856	220	10	not	not	PART
fsr-3856	220	11	remained	remain	VERB
fsr-3856	220	12	stable	stable	ADJ
fsr-3856	220	13	during	during	ADP
fsr-3856	220	14	the	the	DET
fsr-3856	220	15	entire	entire	ADJ
fsr-3856	220	16	1964–1997	1964–1997	NUM
fsr-3856	220	17	sample	sample	NOUN
fsr-3856	220	18	period	period	NOUN
fsr-3856	220	19	.	.	PUNCT
fsr-3856	221	1	two	two	NUM
fsr-3856	221	2	observations	observation	NOUN
fsr-3856	221	3	can	can	AUX
fsr-3856	221	4	be	be	AUX
fsr-3856	221	5	made	make	VERB
fsr-3856	221	6	to	to	PART
fsr-3856	221	7	conclude	conclude	VERB
fsr-3856	221	8	this	this	DET
fsr-3856	221	9	section	section	NOUN
fsr-3856	221	10	.	.	PUNCT
fsr-3856	222	1	first	first	ADV
fsr-3856	222	2	,	,	PUNCT
fsr-3856	222	3	any	any	DET
fsr-3856	222	4	capital	capital	NOUN
fsr-3856	222	5	market	market	NOUN
fsr-3856	222	6	anomaly	anomaly	NOUN
fsr-3856	222	7	may	may	AUX
fsr-3856	222	8	disappear	disappear	VERB
fsr-3856	222	9	after	after	SCONJ
fsr-3856	222	10	it	it	PRON
fsr-3856	222	11	becomes	becomes	AUX
fsr-3856	222	12	widely	widely	ADV
fsr-3856	222	13	known	know	VERB
fsr-3856	222	14	by	by	ADP
fsr-3856	222	15	investors	investor	NOUN
fsr-3856	222	16	.	.	PUNCT
fsr-3856	223	1	mcqueen	mcqueen	PROPN
fsr-3856	223	2	et	et	PROPN
fsr-3856	223	3	al	al	PROPN
fsr-3856	223	4	.	.	PROPN
fsr-3856	224	1	(	(	PUNCT
fsr-3856	224	2	1997	1997	NUM
fsr-3856	224	3	)	)	PUNCT
fsr-3856	224	4	suggest	suggest	VERB
fsr-3856	224	5	that	that	SCONJ
fsr-3856	224	6	this	this	PRON
fsr-3856	224	7	may	may	AUX
fsr-3856	224	8	have	have	AUX
fsr-3856	224	9	happened	happen	VERB
fsr-3856	224	10	to	to	ADP
fsr-3856	224	11	the	the	DET
fsr-3856	224	12	dow	dow	PROPN
fsr-3856	224	13	dividend	dividend	NOUN
fsr-3856	224	14	strategy	strategy	NOUN
fsr-3856	224	15	,	,	PUNCT
fsr-3856	224	16	and	and	CCONJ
fsr-3856	224	17	furthermore	furthermore	ADV
fsr-3856	224	18	that	that	SCONJ
fsr-3856	224	19	the	the	DET
fsr-3856	224	20	dds	dds	PROPN
fsr-3856	224	21	did	do	AUX
fsr-3856	224	22	not	not	PART
fsr-3856	224	23	beat	beat	VERB
fsr-3856	224	24	the	the	DET
fsr-3856	224	25	djia	djia	PROPN
fsr-3856	224	26	economically	economically	ADV
fsr-3856	224	27	after	after	ADP
fsr-3856	224	28	adjusting	adjust	VERB
fsr-3856	224	29	for	for	ADP
fsr-3856	224	30	taxes	taxis	NOUN
fsr-3856	224	31	,	,	PUNCT
fsr-3856	224	32	transactions	transaction	NOUN
fsr-3856	224	33	costs	cost	NOUN
fsr-3856	224	34	,	,	PUNCT
fsr-3856	224	35	and	and	CCONJ
fsr-3856	224	36	the	the	DET
fsr-3856	224	37	higher	high	ADJ
fsr-3856	224	38	risk	risk	NOUN
fsr-3856	224	39	from	from	ADP
fsr-3856	224	40	holding	hold	VERB
fsr-3856	224	41	an	an	DET
fsr-3856	224	42	undiversified	undiversified	ADJ
fsr-3856	224	43	portfolio	portfolio	NOUN
fsr-3856	224	44	of	of	ADP
fsr-3856	224	45	only	only	ADV
fsr-3856	224	46	10	10	NUM
fsr-3856	224	47	stocks	stock	NOUN
fsr-3856	224	48	.	.	PUNCT
fsr-3856	225	1	other	other	ADJ
fsr-3856	225	2	examples	example	NOUN
fsr-3856	225	3	of	of	ADP
fsr-3856	225	4	“	"	PUNCT
fsr-3856	225	5	investor	investor	NOUN
fsr-3856	225	6	learning	learning	NOUN
fsr-3856	225	7	”	"	PUNCT
fsr-3856	225	8	are	be	AUX
fsr-3856	225	9	documented	document	VERB
fsr-3856	225	10	by	by	ADP
fsr-3856	225	11	mittoo	mittoo	NOUN
fsr-3856	225	12	and	and	CCONJ
fsr-3856	225	13	thompson	thompson	PROPN
fsr-3856	225	14	(	(	PUNCT
fsr-3856	225	15	1990	1990	NUM
fsr-3856	225	16	)	)	PUNCT
fsr-3856	225	17	for	for	ADP
fsr-3856	225	18	the	the	DET
fsr-3856	225	19	firm	firm	ADJ
fsr-3856	225	20	size	size	NOUN
fsr-3856	225	21	anomaly	anomaly	NOUN
fsr-3856	225	22	,	,	PUNCT
fsr-3856	225	23	and	and	CCONJ
fsr-3856	225	24	mcqueen	mcqueen	PROPN
fsr-3856	225	25	and	and	CCONJ
fsr-3856	225	26	thorley	thorley	PROPN
fsr-3856	225	27	(	(	PUNCT
fsr-3856	225	28	1997	1997	NUM
fsr-3856	225	29	)	)	PUNCT
fsr-3856	225	30	for	for	ADP
fsr-3856	225	31	gold	gold	NOUN
fsr-3856	225	32	stocks	stock	NOUN
fsr-3856	225	33	and	and	CCONJ
fsr-3856	225	34	gold	gold	NOUN
fsr-3856	225	35	prices	price	NOUN
fsr-3856	225	36	.	.	PUNCT
fsr-3856	226	1	a	a	DET
fsr-3856	226	2	second	second	ADJ
fsr-3856	226	3	possible	possible	ADJ
fsr-3856	226	4	explanation	explanation	NOUN
fsr-3856	226	5	for	for	ADP
fsr-3856	226	6	the	the	DET
fsr-3856	226	7	strategy	strategy	NOUN
fsr-3856	226	8	’s	’s	PART
fsr-3856	226	9	recent	recent	ADJ
fsr-3856	226	10	failures	failure	NOUN
fsr-3856	226	11	is	be	AUX
fsr-3856	226	12	that	that	SCONJ
fsr-3856	226	13	it	it	PRON
fsr-3856	226	14	is	be	AUX
fsr-3856	226	15	no	no	ADV
fsr-3856	226	16	longer	long	ADV
fsr-3856	226	17	selecting	select	VERB
fsr-3856	226	18	the	the	DET
fsr-3856	226	19	true	true	ADJ
fsr-3856	226	20	dogs	dog	NOUN
fsr-3856	226	21	.	.	PUNCT
fsr-3856	227	1	during	during	ADP
fsr-3856	227	2	the	the	DET
fsr-3856	227	3	post	post	ADJ
fsr-3856	227	4	-	-	ADJ
fsr-3856	227	5	crash	crash	ADJ
fsr-3856	227	6	period	period	NOUN
fsr-3856	227	7	,	,	PUNCT
fsr-3856	227	8	dividend	dividend	NOUN
fsr-3856	227	9	yield	yield	NOUN
fsr-3856	227	10	has	have	AUX
fsr-3856	227	11	not	not	PART
fsr-3856	227	12	been	be	AUX
fsr-3856	227	13	an	an	DET
fsr-3856	227	14	inverse	inverse	NOUN
fsr-3856	227	15	proxy	proxy	NOUN
fsr-3856	227	16	for	for	ADP
fsr-3856	227	17	past	past	ADJ
fsr-3856	227	18	performance	performance	NOUN
fsr-3856	227	19	of	of	ADP
fsr-3856	227	20	the	the	DET
fsr-3856	227	21	dow	dow	NOUN
fsr-3856	227	22	stocks	stock	NOUN
fsr-3856	227	23	.	.	PUNCT
fsr-3856	228	1	as	as	SCONJ
fsr-3856	228	2	noted	note	VERB
fsr-3856	228	3	above	above	ADV
fsr-3856	228	4	,	,	PUNCT
fsr-3856	228	5	the	the	DET
fsr-3856	228	6	highest	high	ADJ
fsr-3856	228	7	yielding	yield	VERB
fsr-3856	228	8	stocks	stock	NOUN
fsr-3856	228	9	outperformed	outperform	VERB
fsr-3856	228	10	both	both	CCONJ
fsr-3856	228	11	the	the	DET
fsr-3856	228	12	s&p	s&p	PROPN
fsr-3856	228	13	500	500	NUM
fsr-3856	228	14	and	and	CCONJ
fsr-3856	228	15	the	the	DET
fsr-3856	228	16	low	low	ADJ
fsr-3856	228	17	-	-	PUNCT
fsr-3856	228	18	yield	yield	NOUN
fsr-3856	228	19	portfolio	portfolio	NOUN
fsr-3856	228	20	during	during	ADP
fsr-3856	228	21	the	the	DET
fsr-3856	228	22	preformation	preformation	ADJ
fsr-3856	228	23	period	period	NOUN
fsr-3856	228	24	.	.	PUNCT
fsr-3856	229	1	154	154	NUM
fsr-3856	229	2	d.l	d.l	NOUN
fsr-3856	229	3	.	.	PROPN
fsr-3856	229	4	domian	domian	PROPN
fsr-3856	229	5	et	et	PROPN
fsr-3856	229	6	al	al	PROPN
fsr-3856	229	7	.	.	PUNCT
fsr-3856	229	8	/	/	SYM
fsr-3856	229	9	financial	financial	ADJ
fsr-3856	229	10	services	service	NOUN
fsr-3856	229	11	review	review	VERB
fsr-3856	229	12	7	7	NUM
fsr-3856	229	13	(	(	PUNCT
fsr-3856	229	14	1998	1998	NUM
fsr-3856	229	15	)	)	PUNCT
fsr-3856	229	16	145–159	145–159	NUM
fsr-3856	229	17	table	table	NOUN
fsr-3856	229	18	4	4	NUM
fsr-3856	229	19	residuals	residual	NOUN
fsr-3856	229	20	from	from	ADP
fsr-3856	229	21	dividend	dividend	NOUN
fsr-3856	229	22	yield	yield	NOUN
fsr-3856	229	23	portfolios	portfolio	NOUN
fsr-3856	229	24	,	,	PUNCT
fsr-3856	229	25	1964–1986	1964–1986	NUM
fsr-3856	229	26	(	(	PUNCT
fsr-3856	229	27	pre	pre	ADJ
fsr-3856	229	28	-	-	ADJ
fsr-3856	229	29	crash	crash	ADJ
fsr-3856	229	30	period	period	NOUN
fsr-3856	229	31	)	)	PUNCT
fsr-3856	229	32	month	month	NOUN
fsr-3856	229	33	high	high	ADJ
fsr-3856	229	34	-	-	PUNCT
fsr-3856	229	35	yield	yield	NOUN
fsr-3856	229	36	low	low	ADJ
fsr-3856	229	37	-	-	PUNCT
fsr-3856	229	38	yield	yield	NOUN
fsr-3856	229	39	differences	difference	NOUN
fsr-3856	229	40	aarh	aarh	VERB
fsr-3856	229	41	,	,	PUNCT
fsr-3856	229	42	t	t	PROPN
fsr-3856	229	43	caarh	caarh	PROPN
fsr-3856	229	44	,	,	PUNCT
fsr-3856	229	45	t	t	PROPN
fsr-3856	229	46	aarl	aarl	PROPN
fsr-3856	229	47	,	,	PUNCT
fsr-3856	229	48	t	t	PROPN
fsr-3856	229	49	caarl	caarl	PROPN
fsr-3856	229	50	,	,	PUNCT
fsr-3856	229	51	t	t	PROPN
fsr-3856	229	52	caarh	caarh	PROPN
fsr-3856	229	53	,	,	PUNCT
fsr-3856	229	54	t	t	PROPN
fsr-3856	229	55	2	2	NUM
fsr-3856	229	56	caarl	caarl	PROPN
fsr-3856	229	57	,	,	PUNCT
fsr-3856	229	58	t	t	PROPN
fsr-3856	229	59	panel	panel	NOUN
fsr-3856	229	60	a	a	DET
fsr-3856	229	61	11	11	NUM
fsr-3856	229	62	0.0236	0.0236	NUM
fsr-3856	229	63	0.0236	0.0236	NUM
fsr-3856	229	64	0.0001	0.0001	NUM
fsr-3856	229	65	0.0001	0.0001	NUM
fsr-3856	229	66	0.0234	0.0234	NUM
fsr-3856	229	67	(	(	PUNCT
fsr-3856	229	68	3.64	3.64	NUM
fsr-3856	229	69	)	)	PUNCT
fsr-3856	229	70	*	*	PUNCT
fsr-3856	229	71	*	*	PUNCT
fsr-3856	229	72	(	(	PUNCT
fsr-3856	229	73	3.64	3.64	NUM
fsr-3856	229	74	)	)	PUNCT
fsr-3856	229	75	*	*	PUNCT
fsr-3856	229	76	*	*	PUNCT
fsr-3856	229	77	(	(	PUNCT
fsr-3856	229	78	0.02	0.02	NUM
fsr-3856	229	79	)	)	PUNCT
fsr-3856	229	80	(	(	PUNCT
fsr-3856	229	81	0.02	0.02	NUM
fsr-3856	229	82	)	)	PUNCT
fsr-3856	229	83	(	(	PUNCT
fsr-3856	229	84	2.69	2.69	NUM
fsr-3856	229	85	)	)	PUNCT
fsr-3856	229	86	*	*	PUNCT
fsr-3856	229	87	12	12	NUM
fsr-3856	229	88	0.0018	0.0018	NUM
fsr-3856	229	89	0.0254	0.0254	NUM
fsr-3856	229	90	0.0066	0.0066	NUM
fsr-3856	229	91	0.0067	0.0067	NUM
fsr-3856	229	92	0.0187	0.0187	NUM
fsr-3856	229	93	(	(	PUNCT
fsr-3856	229	94	0.39	0.39	NUM
fsr-3856	229	95	)	)	PUNCT
fsr-3856	229	96	(	(	PUNCT
fsr-3856	229	97	3.15	3.15	NUM
fsr-3856	229	98	)	)	PUNCT
fsr-3856	229	99	*	*	PUNCT
fsr-3856	230	1	*	*	PUNCT
fsr-3856	230	2	(	(	PUNCT
fsr-3856	230	3	1.47	1.47	NUM
fsr-3856	230	4	)	)	PUNCT
fsr-3856	230	5	(	(	PUNCT
fsr-3856	230	6	0.81	0.81	NUM
fsr-3856	230	7	)	)	PUNCT
fsr-3856	230	8	(	(	PUNCT
fsr-3856	230	9	1.62	1.62	NUM
fsr-3856	230	10	)	)	PUNCT
fsr-3856	230	11	13	13	NUM
fsr-3856	230	12	0.0066	0.0066	NUM
fsr-3856	230	13	0.0319	0.0319	NUM
fsr-3856	230	14	20.0044	20.0044	NUM
fsr-3856	230	15	0.0023	0.0023	NUM
fsr-3856	230	16	0.0296	0.0296	NUM
fsr-3856	230	17	(	(	PUNCT
fsr-3856	230	18	1.26	1.26	NUM
fsr-3856	230	19	)	)	PUNCT
fsr-3856	230	20	(	(	PUNCT
fsr-3856	230	21	3.14	3.14	NUM
fsr-3856	230	22	)	)	PUNCT
fsr-3856	230	23	*	*	PUNCT
fsr-3856	230	24	*	*	PUNCT
fsr-3856	230	25	(	(	PUNCT
fsr-3856	230	26	21.03	21.03	NUM
fsr-3856	230	27	)	)	PUNCT
fsr-3856	230	28	(	(	PUNCT
fsr-3856	230	29	0.24	0.24	NUM
fsr-3856	230	30	)	)	PUNCT
fsr-3856	230	31	(	(	PUNCT
fsr-3856	230	32	2.09	2.09	NUM
fsr-3856	230	33	)	)	PUNCT
fsr-3856	230	34	*	*	PUNCT
fsr-3856	230	35	14	14	NUM
fsr-3856	230	36	0.0069	0.0069	NUM
fsr-3856	230	37	0.0388	0.0388	NUM
fsr-3856	230	38	0.0028	0.0028	NUM
fsr-3856	230	39	0.0052	0.0052	NUM
fsr-3856	230	40	0.0337	0.0337	NUM
fsr-3856	230	41	(	(	PUNCT
fsr-3856	230	42	1.26	1.26	NUM
fsr-3856	230	43	)	)	PUNCT
fsr-3856	230	44	(	(	PUNCT
fsr-3856	230	45	3.74	3.74	NUM
fsr-3856	230	46	)	)	PUNCT
fsr-3856	230	47	*	*	PUNCT
fsr-3856	230	48	*	*	PUNCT
fsr-3856	230	49	(	(	PUNCT
fsr-3856	230	50	0.65	0.65	NUM
fsr-3856	230	51	)	)	PUNCT
fsr-3856	230	52	(	(	PUNCT
fsr-3856	230	53	0.48	0.48	NUM
fsr-3856	230	54	)	)	PUNCT
fsr-3856	230	55	(	(	PUNCT
fsr-3856	230	56	2.25	2.25	NUM
fsr-3856	230	57	)	)	PUNCT
fsr-3856	230	58	*	*	PUNCT
fsr-3856	230	59	15	15	NUM
fsr-3856	230	60	0.0051	0.0051	NUM
fsr-3856	230	61	0.0439	0.0439	NUM
fsr-3856	230	62	20.0120	20.0120	NUM
fsr-3856	230	63	20.0068	20.0068	NUM
fsr-3856	230	64	0.0507	0.0507	NUM
fsr-3856	230	65	(	(	PUNCT
fsr-3856	230	66	1.20	1.20	NUM
fsr-3856	230	67	)	)	PUNCT
fsr-3856	230	68	(	(	PUNCT
fsr-3856	230	69	3.54	3.54	NUM
fsr-3856	230	70	)	)	PUNCT
fsr-3856	230	71	*	*	PUNCT
fsr-3856	230	72	*	*	PUNCT
fsr-3856	230	73	(	(	PUNCT
fsr-3856	230	74	23.92	23.92	NUM
fsr-3856	230	75	)	)	PUNCT
fsr-3856	230	76	*	*	PUNCT
fsr-3856	230	77	*	*	PUNCT
fsr-3856	230	78	(	(	PUNCT
fsr-3856	230	79	20.57	20.57	NUM
fsr-3856	230	80	)	)	PUNCT
fsr-3856	230	81	(	(	PUNCT
fsr-3856	230	82	2.94	2.94	NUM
fsr-3856	230	83	)	)	PUNCT
fsr-3856	230	84	*	*	PUNCT
fsr-3856	230	85	*	*	PUNCT
fsr-3856	230	86	16	16	NUM
fsr-3856	230	87	20.0017	20.0017	NUM
fsr-3856	230	88	0.0422	0.0422	NUM
fsr-3856	230	89	20.0055	20.0055	NUM
fsr-3856	230	90	20.0123	20.0123	NUM
fsr-3856	230	91	0.0545	0.0545	NUM
fsr-3856	230	92	(	(	PUNCT
fsr-3856	230	93	20.40	20.40	NUM
fsr-3856	230	94	)	)	PUNCT
fsr-3856	230	95	(	(	PUNCT
fsr-3856	230	96	3.18	3.18	NUM
fsr-3856	230	97	)	)	PUNCT
fsr-3856	230	98	*	*	PUNCT
fsr-3856	230	99	*	*	PUNCT
fsr-3856	230	100	(	(	PUNCT
fsr-3856	230	101	20.90	20.90	NUM
fsr-3856	230	102	)	)	PUNCT
fsr-3856	230	103	(	(	PUNCT
fsr-3856	230	104	20.85	20.85	NUM
fsr-3856	230	105	)	)	PUNCT
fsr-3856	230	106	(	(	PUNCT
fsr-3856	230	107	2.77	2.77	NUM
fsr-3856	230	108	)	)	PUNCT
fsr-3856	230	109	*	*	PUNCT
fsr-3856	230	110	17	17	NUM
fsr-3856	230	111	0.0026	0.0026	NUM
fsr-3856	230	112	0.0449	0.0449	NUM
fsr-3856	230	113	0.0012	0.0012	NUM
fsr-3856	230	114	20.0111	20.0111	NUM
fsr-3856	230	115	0.0559	0.0559	NUM
fsr-3856	230	116	(	(	PUNCT
fsr-3856	230	117	0.73	0.73	NUM
fsr-3856	230	118	)	)	PUNCT
fsr-3856	230	119	(	(	PUNCT
fsr-3856	230	120	3.09	3.09	NUM
fsr-3856	230	121	)	)	PUNCT
fsr-3856	230	122	*	*	PUNCT
fsr-3856	230	123	*	*	PUNCT
fsr-3856	230	124	(	(	PUNCT
fsr-3856	230	125	0.22	0.22	NUM
fsr-3856	230	126	)	)	PUNCT
fsr-3856	230	127	(	(	PUNCT
fsr-3856	230	128	20.73	20.73	NUM
fsr-3856	230	129	)	)	PUNCT
fsr-3856	230	130	(	(	PUNCT
fsr-3856	230	131	2.66	2.66	NUM
fsr-3856	230	132	)	)	PUNCT
fsr-3856	230	133	*	*	PUNCT
fsr-3856	230	134	18	18	NUM
fsr-3856	230	135	0.0034	0.0034	NUM
fsr-3856	230	136	0.0483	0.0483	NUM
fsr-3856	230	137	0.0023	0.0023	NUM
fsr-3856	230	138	20.0088	20.0088	NUM
fsr-3856	230	139	0.0571	0.0571	NUM
fsr-3856	230	140	(	(	PUNCT
fsr-3856	230	141	0.77	0.77	NUM
fsr-3856	230	142	)	)	PUNCT
fsr-3856	230	143	(	(	PUNCT
fsr-3856	230	144	3.03	3.03	NUM
fsr-3856	230	145	)	)	PUNCT
fsr-3856	230	146	*	*	PUNCT
fsr-3856	230	147	*	*	PUNCT
fsr-3856	230	148	(	(	PUNCT
fsr-3856	230	149	0.57	0.57	NUM
fsr-3856	230	150	)	)	PUNCT
fsr-3856	230	151	(	(	PUNCT
fsr-3856	230	152	20.56	20.56	NUM
fsr-3856	230	153	)	)	PUNCT
fsr-3856	230	154	(	(	PUNCT
fsr-3856	230	155	2.56	2.56	NUM
fsr-3856	230	156	)	)	PUNCT
fsr-3856	230	157	*	*	NUM
fsr-3856	230	158	19	19	NUM
fsr-3856	230	159	0.0092	0.0092	NUM
fsr-3856	230	160	0.0575	0.0575	NUM
fsr-3856	230	161	20.0046	20.0046	NUM
fsr-3856	230	162	20.0134	20.0134	NUM
fsr-3856	230	163	0.0709	0.0709	NUM
fsr-3856	230	164	(	(	PUNCT
fsr-3856	230	165	1.49	1.49	NUM
fsr-3856	230	166	)	)	PUNCT
fsr-3856	230	167	(	(	PUNCT
fsr-3856	230	168	3.31	3.31	NUM
fsr-3856	230	169	)	)	PUNCT
fsr-3856	230	170	*	*	PUNCT
fsr-3856	230	171	*	*	PUNCT
fsr-3856	230	172	(	(	PUNCT
fsr-3856	230	173	21.30	21.30	NUM
fsr-3856	230	174	)	)	PUNCT
fsr-3856	230	175	(	(	PUNCT
fsr-3856	230	176	20.87	20.87	NUM
fsr-3856	230	177	)	)	PUNCT
fsr-3856	230	178	(	(	PUNCT
fsr-3856	230	179	3.05	3.05	NUM
fsr-3856	230	180	)	)	PUNCT
fsr-3856	230	181	*	*	PUNCT
fsr-3856	230	182	*	*	PUNCT
fsr-3856	230	183	110	110	NUM
fsr-3856	230	184	20.0056	20.0056	NUM
fsr-3856	230	185	0.0519	0.0519	NUM
fsr-3856	230	186	20.0140	20.0140	NUM
fsr-3856	230	187	20.0274	20.0274	NUM
fsr-3856	230	188	0.0793	0.0793	NUM
fsr-3856	230	189	(	(	PUNCT
fsr-3856	230	190	20.89	20.89	NUM
fsr-3856	230	191	)	)	PUNCT
fsr-3856	230	192	(	(	PUNCT
fsr-3856	230	193	3.25	3.25	NUM
fsr-3856	230	194	)	)	PUNCT
fsr-3856	230	195	*	*	PUNCT
fsr-3856	230	196	*	*	PUNCT
fsr-3856	230	197	(	(	PUNCT
fsr-3856	230	198	22.49	22.49	NUM
fsr-3856	230	199	)	)	PUNCT
fsr-3856	230	200	*	*	PUNCT
fsr-3856	230	201	(	(	PUNCT
fsr-3856	230	202	21.92	21.92	NUM
fsr-3856	230	203	)	)	PUNCT
fsr-3856	230	204	(	(	PUNCT
fsr-3856	230	205	3.70	3.70	NUM
fsr-3856	230	206	)	)	PUNCT
fsr-3856	230	207	*	*	PUNCT
fsr-3856	230	208	*	*	PUNCT
fsr-3856	230	209	111	111	NUM
fsr-3856	230	210	20.0056	20.0056	NUM
fsr-3856	230	211	0.0463	0.0463	NUM
fsr-3856	230	212	20.0019	20.0019	NUM
fsr-3856	230	213	20.0293	20.0293	NUM
fsr-3856	230	214	0.0756	0.0756	NUM
fsr-3856	230	215	(	(	PUNCT
fsr-3856	230	216	20.89	20.89	NUM
fsr-3856	230	217	)	)	PUNCT
fsr-3856	230	218	(	(	PUNCT
fsr-3856	230	219	2.37	2.37	NUM
fsr-3856	230	220	)	)	PUNCT
fsr-3856	230	221	*	*	PUNCT
fsr-3856	230	222	(	(	PUNCT
fsr-3856	230	223	20.32	20.32	NUM
fsr-3856	230	224	)	)	PUNCT
fsr-3856	230	225	(	(	PUNCT
fsr-3856	230	226	21.85	21.85	NUM
fsr-3856	230	227	)	)	PUNCT
fsr-3856	230	228	(	(	PUNCT
fsr-3856	230	229	3.01	3.01	NUM
fsr-3856	230	230	)	)	PUNCT
fsr-3856	230	231	*	*	PUNCT
fsr-3856	230	232	*	*	PUNCT
fsr-3856	230	233	112	112	NUM
fsr-3856	230	234	0.0049	0.0049	NUM
fsr-3856	230	235	0.0511	0.0511	NUM
fsr-3856	230	236	20.0028	20.0028	NUM
fsr-3856	230	237	20.0321	20.0321	NUM
fsr-3856	230	238	0.0832	0.0832	NUM
fsr-3856	230	239	(	(	PUNCT
fsr-3856	230	240	0.89	0.89	NUM
fsr-3856	230	241	)	)	PUNCT
fsr-3856	230	242	(	(	PUNCT
fsr-3856	230	243	2.55	2.55	NUM
fsr-3856	230	244	)	)	PUNCT
fsr-3856	230	245	*	*	PUNCT
fsr-3856	230	246	(	(	PUNCT
fsr-3856	230	247	20.64	20.64	NUM
fsr-3856	230	248	)	)	PUNCT
fsr-3856	230	249	(	(	PUNCT
fsr-3856	230	250	21.83	21.83	NUM
fsr-3856	230	251	)	)	PUNCT
fsr-3856	230	252	(	(	PUNCT
fsr-3856	230	253	3.12	3.12	NUM
fsr-3856	230	254	)	)	PUNCT
fsr-3856	230	255	*	*	PUNCT
fsr-3856	230	256	*	*	PUNCT
fsr-3856	230	257	average	average	ADJ
fsr-3856	230	258	average	average	ADJ
fsr-3856	230	259	residuals	residual	NOUN
fsr-3856	230	260	(	(	PUNCT
fsr-3856	230	261	aars	aar	NOUN
fsr-3856	230	262	)	)	PUNCT
fsr-3856	230	263	and	and	CCONJ
fsr-3856	230	264	cumulative	cumulative	ADJ
fsr-3856	230	265	average	average	ADJ
fsr-3856	230	266	average	average	ADJ
fsr-3856	230	267	residuals	residual	NOUN
fsr-3856	230	268	(	(	PUNCT
fsr-3856	230	269	caars	caar	NOUN
fsr-3856	230	270	)	)	PUNCT
fsr-3856	230	271	are	be	AUX
fsr-3856	230	272	presented	present	VERB
fsr-3856	230	273	for	for	ADP
fsr-3856	230	274	1964–1986	1964–1986	NUM
fsr-3856	230	275	,	,	PUNCT
fsr-3856	230	276	the	the	DET
fsr-3856	230	277	period	period	NOUN
fsr-3856	230	278	preceding	precede	VERB
fsr-3856	230	279	the	the	DET
fsr-3856	230	280	1987	1987	NUM
fsr-3856	230	281	stock	stock	NOUN
fsr-3856	230	282	market	market	NOUN
fsr-3856	230	283	crash	crash	NOUN
fsr-3856	230	284	.	.	PUNCT
fsr-3856	231	1	the	the	DET
fsr-3856	231	2	high	high	ADJ
fsr-3856	231	3	-	-	PUNCT
fsr-3856	231	4	yield	yield	NOUN
fsr-3856	231	5	portfolios	portfolio	NOUN
fsr-3856	231	6	include	include	VERB
fsr-3856	231	7	the	the	DET
fsr-3856	231	8	ten	ten	NUM
fsr-3856	231	9	highest	highest	ADV
fsr-3856	231	10	-	-	PUNCT
fsr-3856	231	11	yielding	yield	VERB
fsr-3856	231	12	stocks	stock	NOUN
fsr-3856	231	13	from	from	ADP
fsr-3856	231	14	the	the	DET
fsr-3856	231	15	dow	dow	PROPN
fsr-3856	231	16	jones	jones	PROPN
fsr-3856	231	17	industrial	industrial	PROPN
fsr-3856	231	18	average	average	PROPN
fsr-3856	231	19	.	.	PUNCT
fsr-3856	232	1	the	the	DET
fsr-3856	232	2	low	low	ADJ
fsr-3856	232	3	-	-	PUNCT
fsr-3856	232	4	yield	yield	NOUN
fsr-3856	232	5	portfolios	portfolio	NOUN
fsr-3856	232	6	include	include	VERB
fsr-3856	232	7	the	the	DET
fsr-3856	232	8	dow	dow	NOUN
fsr-3856	232	9	’s	’s	PART
fsr-3856	232	10	ten	ten	NUM
fsr-3856	232	11	lowest	low	ADJ
fsr-3856	232	12	yielding	yield	VERB
fsr-3856	232	13	stocks	stock	NOUN
fsr-3856	232	14	.	.	PUNCT
fsr-3856	233	1	this	this	DET
fsr-3856	233	2	panel	panel	NOUN
fsr-3856	233	3	shows	show	VERB
fsr-3856	233	4	post	post	ADJ
fsr-3856	233	5	-	-	ADJ
fsr-3856	233	6	formation	formation	NOUN
fsr-3856	233	7	monthst	monthst	ADJ
fsr-3856	233	8	5	5	NUM
fsr-3856	233	9	11	11	NUM
fsr-3856	233	10	to	to	ADP
fsr-3856	233	11	t	t	PROPN
fsr-3856	233	12	5	5	NUM
fsr-3856	233	13	112	112	NUM
fsr-3856	233	14	.	.	PUNCT
fsr-3856	234	1	numbers	number	NOUN
fsr-3856	234	2	in	in	ADP
fsr-3856	234	3	parentheses	parenthesis	NOUN
fsr-3856	234	4	are	be	AUX
fsr-3856	234	5	t	t	NOUN
fsr-3856	234	6	-	-	PUNCT
fsr-3856	234	7	statistics	statistic	NOUN
fsr-3856	234	8	.	.	PUNCT
fsr-3856	235	1	panel	panel	NOUN
fsr-3856	235	2	b	b	NOUN
fsr-3856	235	3	211	211	NUM
fsr-3856	235	4	0.0057	0.0057	NUM
fsr-3856	235	5	0.0057	0.0057	NUM
fsr-3856	235	6	0.0065	0.0065	NUM
fsr-3856	235	7	0.0065	0.0065	NUM
fsr-3856	235	8	20.0008	20.0008	NUM
fsr-3856	235	9	(	(	PUNCT
fsr-3856	235	10	0.96	0.96	NUM
fsr-3856	235	11	)	)	PUNCT
fsr-3856	235	12	(	(	PUNCT
fsr-3856	235	13	0.96	0.96	NUM
fsr-3856	235	14	)	)	PUNCT
fsr-3856	235	15	(	(	PUNCT
fsr-3856	235	16	1.25	1.25	NUM
fsr-3856	235	17	)	)	PUNCT
fsr-3856	235	18	(	(	PUNCT
fsr-3856	235	19	0.25	0.25	NUM
fsr-3856	235	20	)	)	PUNCT
fsr-3856	235	21	(	(	PUNCT
fsr-3856	235	22	20.10	20.10	NUM
fsr-3856	235	23	)	)	PUNCT
fsr-3856	235	24	210	210	NUM
fsr-3856	235	25	20.0029	20.0029	NUM
fsr-3856	235	26	0.0028	0.0028	NUM
fsr-3856	235	27	0.0095	0.0095	NUM
fsr-3856	235	28	0.0161	0.0161	NUM
fsr-3856	235	29	20.0132	20.0132	NUM
fsr-3856	235	30	(	(	PUNCT
fsr-3856	235	31	20.74	20.74	NUM
fsr-3856	235	32	)	)	PUNCT
fsr-3856	235	33	(	(	PUNCT
fsr-3856	235	34	0.35	0.35	NUM
fsr-3856	235	35	)	)	PUNCT
fsr-3856	235	36	(	(	PUNCT
fsr-3856	235	37	2.42	2.42	NUM
fsr-3856	235	38	)	)	PUNCT
fsr-3856	235	39	*	*	PUNCT
fsr-3856	235	40	(	(	PUNCT
fsr-3856	235	41	2.16	2.16	NUM
fsr-3856	235	42	)	)	PUNCT
fsr-3856	235	43	(	(	PUNCT
fsr-3856	235	44	21.21	21.21	NUM
fsr-3856	235	45	)	)	PUNCT
fsr-3856	235	46	29	29	NUM
fsr-3856	235	47	0.0017	0.0017	NUM
fsr-3856	235	48	0.0045	0.0045	NUM
fsr-3856	235	49	0.0028	0.0028	NUM
fsr-3856	235	50	0.0189	0.0189	NUM
fsr-3856	235	51	20.0144	20.0144	NUM
fsr-3856	235	52	(	(	PUNCT
fsr-3856	235	53	0.36	0.36	NUM
fsr-3856	235	54	)	)	PUNCT
fsr-3856	235	55	(	(	PUNCT
fsr-3856	235	56	0.61	0.61	NUM
fsr-3856	235	57	)	)	PUNCT
fsr-3856	235	58	(	(	PUNCT
fsr-3856	235	59	0.67	0.67	NUM
fsr-3856	235	60	)	)	PUNCT
fsr-3856	235	61	(	(	PUNCT
fsr-3856	235	62	2.18	2.18	NUM
fsr-3856	235	63	)	)	PUNCT
fsr-3856	235	64	(	(	PUNCT
fsr-3856	235	65	21.27	21.27	NUM
fsr-3856	235	66	)	)	PUNCT
fsr-3856	235	67	28	28	NUM
fsr-3856	235	68	0.0013	0.0013	NUM
fsr-3856	235	69	0.0058	0.0058	NUM
fsr-3856	235	70	0.0090	0.0090	NUM
fsr-3856	235	71	0.0279	0.0279	NUM
fsr-3856	235	72	20.0222	20.0222	NUM
fsr-3856	235	73	(	(	PUNCT
fsr-3856	235	74	0.25	0.25	NUM
fsr-3856	235	75	)	)	PUNCT
fsr-3856	235	76	(	(	PUNCT
fsr-3856	235	77	0.67	0.67	NUM
fsr-3856	235	78	)	)	PUNCT
fsr-3856	235	79	(	(	PUNCT
fsr-3856	235	80	1.94	1.94	NUM
fsr-3856	235	81	)	)	PUNCT
fsr-3856	235	82	(	(	PUNCT
fsr-3856	235	83	2.70	2.70	NUM
fsr-3856	235	84	)	)	PUNCT
fsr-3856	235	85	*	*	PUNCT
fsr-3856	235	86	(	(	PUNCT
fsr-3856	235	87	21.64	21.64	NUM
fsr-3856	235	88	)	)	PUNCT
fsr-3856	235	89	27	27	NUM
fsr-3856	235	90	20.0014	20.0014	NUM
fsr-3856	235	91	0.0044	0.0044	NUM
fsr-3856	235	92	0.0034	0.0034	NUM
fsr-3856	235	93	0.0313	0.0313	NUM
fsr-3856	235	94	20.0269	20.0269	NUM
fsr-3856	235	95	(	(	PUNCT
fsr-3856	235	96	20.35	20.35	NUM
fsr-3856	235	97	)	)	PUNCT
fsr-3856	235	98	(	(	PUNCT
fsr-3856	235	99	0.44	0.44	NUM
fsr-3856	235	100	)	)	PUNCT
fsr-3856	235	101	(	(	PUNCT
fsr-3856	235	102	0.89	0.89	NUM
fsr-3856	235	103	)	)	PUNCT
fsr-3856	235	104	(	(	PUNCT
fsr-3856	235	105	2.96	2.96	NUM
fsr-3856	235	106	)	)	PUNCT
fsr-3856	235	107	*	*	PUNCT
fsr-3856	235	108	(	(	PUNCT
fsr-3856	235	109	21.85	21.85	NUM
fsr-3856	235	110	)	)	PUNCT
fsr-3856	235	111	26	26	NUM
fsr-3856	235	112	20.0124	20.0124	NUM
fsr-3856	235	113	20.0080	20.0080	NUM
fsr-3856	235	114	0.0002	0.0002	NUM
fsr-3856	235	115	0.0315	0.0315	NUM
fsr-3856	235	116	20.0395	20.0395	NUM
fsr-3856	235	117	(	(	PUNCT
fsr-3856	235	118	22.92	22.92	NUM
fsr-3856	235	119	)	)	PUNCT
fsr-3856	235	120	*	*	PUNCT
fsr-3856	236	1	*	*	PUNCT
fsr-3856	236	2	(	(	PUNCT
fsr-3856	236	3	20.71	20.71	NUM
fsr-3856	236	4	)	)	PUNCT
fsr-3856	236	5	(	(	PUNCT
fsr-3856	236	6	0.05	0.05	NUM
fsr-3856	236	7	)	)	PUNCT
fsr-3856	236	8	(	(	PUNCT
fsr-3856	236	9	2.44	2.44	NUM
fsr-3856	236	10	)	)	PUNCT
fsr-3856	236	11	*	*	PUNCT
fsr-3856	236	12	(	(	PUNCT
fsr-3856	236	13	22.32	22.32	NUM
fsr-3856	236	14	)	)	PUNCT
fsr-3856	236	15	*	*	PUNCT
fsr-3856	236	16	25	25	NUM
fsr-3856	236	17	20.0025	20.0025	NUM
fsr-3856	236	18	20.0105	20.0105	NUM
fsr-3856	236	19	0.0065	0.0065	NUM
fsr-3856	236	20	0.0380	0.0380	NUM
fsr-3856	236	21	20.0485	20.0485	NUM
fsr-3856	236	22	(	(	PUNCT
fsr-3856	236	23	20.67	20.67	NUM
fsr-3856	236	24	)	)	PUNCT
fsr-3856	236	25	(	(	PUNCT
fsr-3856	236	26	20.85	20.85	NUM
fsr-3856	236	27	)	)	PUNCT
fsr-3856	236	28	(	(	PUNCT
fsr-3856	236	29	1.47	1.47	NUM
fsr-3856	236	30	)	)	PUNCT
fsr-3856	236	31	(	(	PUNCT
fsr-3856	236	32	2.51	2.51	NUM
fsr-3856	236	33	)	)	PUNCT
fsr-3856	236	34	*	*	PUNCT
fsr-3856	236	35	(	(	PUNCT
fsr-3856	236	36	22.48	22.48	NUM
fsr-3856	236	37	)	)	PUNCT
fsr-3856	236	38	*	*	PROPN
fsr-3856	236	39	24	24	NUM
fsr-3856	236	40	0.0011	0.0011	NUM
fsr-3856	236	41	20.0095	20.0095	NUM
fsr-3856	236	42	0.0093	0.0093	NUM
fsr-3856	236	43	0.0473	0.0473	NUM
fsr-3856	236	44	20.0567	20.0567	NUM
fsr-3856	236	45	(	(	PUNCT
fsr-3856	236	46	0.27	0.27	NUM
fsr-3856	236	47	)	)	PUNCT
fsr-3856	236	48	(	(	PUNCT
fsr-3856	236	49	20.63	20.63	NUM
fsr-3856	236	50	)	)	PUNCT
fsr-3856	236	51	(	(	PUNCT
fsr-3856	236	52	2.27	2.27	NUM
fsr-3856	236	53	)	)	PUNCT
fsr-3856	236	54	*	*	PUNCT
fsr-3856	236	55	(	(	PUNCT
fsr-3856	236	56	2.96	2.96	NUM
fsr-3856	236	57	)	)	PUNCT
fsr-3856	236	58	*	*	PUNCT
fsr-3856	236	59	(	(	PUNCT
fsr-3856	236	60	22.58	22.58	NUM
fsr-3856	236	61	)	)	PUNCT
fsr-3856	236	62	*	*	PUNCT
fsr-3856	236	63	23	23	NUM
fsr-3856	236	64	20.0002	20.0002	NUM
fsr-3856	236	65	20.0096	20.0096	NUM
fsr-3856	236	66	0.0018	0.0018	NUM
fsr-3856	236	67	0.0490	0.0490	NUM
fsr-3856	236	68	20.0586	20.0586	NUM
fsr-3856	236	69	(	(	PUNCT
fsr-3856	236	70	20.02	20.02	NUM
fsr-3856	236	71	)	)	PUNCT
fsr-3856	236	72	(	(	PUNCT
fsr-3856	236	73	20.62	20.62	NUM
fsr-3856	236	74	)	)	PUNCT
fsr-3856	236	75	(	(	PUNCT
fsr-3856	236	76	0.49	0.49	NUM
fsr-3856	236	77	)	)	PUNCT
fsr-3856	236	78	(	(	PUNCT
fsr-3856	236	79	2.96	2.96	NUM
fsr-3856	236	80	)	)	PUNCT
fsr-3856	236	81	*	*	PUNCT
fsr-3856	236	82	(	(	PUNCT
fsr-3856	236	83	22.59	22.59	NUM
fsr-3856	236	84	)	)	PUNCT
fsr-3856	236	85	*	*	PUNCT
fsr-3856	236	86	22	22	NUM
fsr-3856	236	87	20.0191	20.0191	NUM
fsr-3856	236	88	20.0287	20.0287	NUM
fsr-3856	236	89	0.0005	0.0005	NUM
fsr-3856	236	90	0.0495	0.0495	NUM
fsr-3856	236	91	20.0782	20.0782	NUM
fsr-3856	236	92	(	(	PUNCT
fsr-3856	236	93	22.81	22.81	NUM
fsr-3856	236	94	)	)	PUNCT
fsr-3856	236	95	*	*	PUNCT
fsr-3856	236	96	*	*	PUNCT
fsr-3856	236	97	(	(	PUNCT
fsr-3856	236	98	22.13	22.13	NUM
fsr-3856	236	99	)	)	PUNCT
fsr-3856	236	100	*	*	PUNCT
fsr-3856	236	101	(	(	PUNCT
fsr-3856	236	102	0.09	0.09	NUM
fsr-3856	236	103	)	)	PUNCT
fsr-3856	236	104	(	(	PUNCT
fsr-3856	236	105	2.72	2.72	NUM
fsr-3856	236	106	)	)	PUNCT
fsr-3856	236	107	*	*	PUNCT
fsr-3856	236	108	(	(	PUNCT
fsr-3856	236	109	23.46	23.46	NUM
fsr-3856	236	110	)	)	PUNCT
fsr-3856	236	111	*	*	PUNCT
fsr-3856	237	1	*	*	PUNCT
fsr-3856	237	2	21	21	NUM
fsr-3856	237	3	20.0161	20.0161	NUM
fsr-3856	237	4	20.0448	20.0448	NUM
fsr-3856	237	5	0.0047	0.0047	NUM
fsr-3856	237	6	0.0542	0.0542	NUM
fsr-3856	237	7	20.0991	20.0991	NUM
fsr-3856	237	8	(	(	PUNCT
fsr-3856	237	9	22.08	22.08	NUM
fsr-3856	237	10	)	)	PUNCT
fsr-3856	237	11	*	*	PUNCT
fsr-3856	237	12	(	(	PUNCT
fsr-3856	237	13	22.46	22.46	NUM
fsr-3856	237	14	)	)	PUNCT
fsr-3856	237	15	*	*	PUNCT
fsr-3856	237	16	(	(	PUNCT
fsr-3856	237	17	0.91	0.91	NUM
fsr-3856	237	18	)	)	PUNCT
fsr-3856	237	19	(	(	PUNCT
fsr-3856	237	20	2.82	2.82	NUM
fsr-3856	237	21	)	)	PUNCT
fsr-3856	237	22	*	*	PUNCT
fsr-3856	237	23	(	(	PUNCT
fsr-3856	237	24	23.74	23.74	NUM
fsr-3856	237	25	)	)	PUNCT
fsr-3856	237	26	*	*	PUNCT
fsr-3856	237	27	*	*	PUNCT
fsr-3856	237	28	0	0	NUM
fsr-3856	237	29	20.0018	20.0018	NUM
fsr-3856	237	30	20.0467	20.0467	NUM
fsr-3856	237	31	0.0074	0.0074	NUM
fsr-3856	237	32	0.0616	0.0616	NUM
fsr-3856	237	33	20.1083	20.1083	NUM
fsr-3856	237	34	(	(	PUNCT
fsr-3856	237	35	20.36	20.36	NUM
fsr-3856	237	36	)	)	PUNCT
fsr-3856	237	37	(	(	PUNCT
fsr-3856	237	38	22.40	22.40	NUM
fsr-3856	237	39	)	)	PUNCT
fsr-3856	237	40	*	*	PUNCT
fsr-3856	237	41	(	(	PUNCT
fsr-3856	237	42	1.92	1.92	NUM
fsr-3856	237	43	)	)	PUNCT
fsr-3856	237	44	(	(	PUNCT
fsr-3856	237	45	2.87	2.87	NUM
fsr-3856	237	46	)	)	PUNCT
fsr-3856	237	47	*	*	PUNCT
fsr-3856	237	48	(	(	PUNCT
fsr-3856	237	49	23.74	23.74	NUM
fsr-3856	237	50	)	)	PUNCT
fsr-3856	237	51	*	*	PUNCT
fsr-3856	237	52	*	*	PUNCT
fsr-3856	237	53	average	average	ADJ
fsr-3856	237	54	average	average	ADJ
fsr-3856	237	55	residuals	residual	NOUN
fsr-3856	237	56	(	(	PUNCT
fsr-3856	237	57	aars	aar	NOUN
fsr-3856	237	58	)	)	PUNCT
fsr-3856	237	59	and	and	CCONJ
fsr-3856	237	60	cumulative	cumulative	ADJ
fsr-3856	237	61	average	average	ADJ
fsr-3856	237	62	average	average	ADJ
fsr-3856	237	63	residuals	residual	NOUN
fsr-3856	237	64	(	(	PUNCT
fsr-3856	237	65	caars	caar	NOUN
fsr-3856	237	66	)	)	PUNCT
fsr-3856	237	67	are	be	AUX
fsr-3856	237	68	presented	present	VERB
fsr-3856	237	69	for	for	ADP
fsr-3856	237	70	1964–1986	1964–1986	NUM
fsr-3856	237	71	,	,	PUNCT
fsr-3856	237	72	the	the	DET
fsr-3856	237	73	period	period	NOUN
fsr-3856	237	74	preceding	precede	VERB
fsr-3856	237	75	the	the	DET
fsr-3856	237	76	1987	1987	NUM
fsr-3856	237	77	stock	stock	NOUN
fsr-3856	237	78	market	market	NOUN
fsr-3856	237	79	crash	crash	NOUN
fsr-3856	237	80	.	.	PUNCT
fsr-3856	238	1	the	the	DET
fsr-3856	238	2	high	high	ADJ
fsr-3856	238	3	-	-	PUNCT
fsr-3856	238	4	yield	yield	NOUN
fsr-3856	238	5	portfolios	portfolio	NOUN
fsr-3856	238	6	include	include	VERB
fsr-3856	238	7	the	the	DET
fsr-3856	238	8	ten	ten	NUM
fsr-3856	238	9	highest	highest	ADV
fsr-3856	238	10	-	-	PUNCT
fsr-3856	238	11	yielding	yield	VERB
fsr-3856	238	12	stocks	stock	NOUN
fsr-3856	238	13	from	from	ADP
fsr-3856	238	14	the	the	DET
fsr-3856	238	15	dow	dow	PROPN
fsr-3856	238	16	jones	jones	PROPN
fsr-3856	238	17	industrial	industrial	PROPN
fsr-3856	238	18	average	average	PROPN
fsr-3856	238	19	.	.	PUNCT
fsr-3856	239	1	the	the	DET
fsr-3856	239	2	low	low	ADJ
fsr-3856	239	3	-	-	PUNCT
fsr-3856	239	4	yield	yield	NOUN
fsr-3856	239	5	portfolios	portfolio	NOUN
fsr-3856	239	6	include	include	VERB
fsr-3856	239	7	the	the	DET
fsr-3856	239	8	dow	dow	NOUN
fsr-3856	239	9	’s	’s	PART
fsr-3856	239	10	ten	ten	NUM
fsr-3856	239	11	lowest	low	ADJ
fsr-3856	239	12	yielding	yield	VERB
fsr-3856	239	13	stocks	stock	NOUN
fsr-3856	239	14	.	.	PUNCT
fsr-3856	240	1	this	this	DET
fsr-3856	240	2	panel	panel	NOUN
fsr-3856	240	3	shows	show	VERB
fsr-3856	240	4	preformation	preformation	NOUN
fsr-3856	240	5	monthst	monthst	ADJ
fsr-3856	240	6	5	5	NUM
fsr-3856	240	7	21	21	NUM
fsr-3856	240	8	to	to	ADP
fsr-3856	240	9	t	t	PROPN
fsr-3856	240	10	5	5	NUM
fsr-3856	240	11	212	212	NUM
fsr-3856	240	12	.	.	PUNCT
fsr-3856	241	1	numbers	number	NOUN
fsr-3856	241	2	in	in	ADP
fsr-3856	241	3	parentheses	parenthesis	NOUN
fsr-3856	241	4	are	be	AUX
fsr-3856	241	5	t	t	NOUN
fsr-3856	241	6	-	-	PUNCT
fsr-3856	241	7	statistics	statistic	NOUN
fsr-3856	241	8	.	.	PUNCT
fsr-3856	242	1	*	*	PUNCT
fsr-3856	242	2	*	*	PUNCT
fsr-3856	242	3	significant	significant	ADJ
fsr-3856	242	4	at	at	ADP
fsr-3856	242	5	the	the	DET
fsr-3856	242	6	1	1	NUM
fsr-3856	242	7	percent	percent	NOUN
fsr-3856	242	8	level	level	NOUN
fsr-3856	242	9	.	.	PUNCT
fsr-3856	243	1	*	*	PUNCT
fsr-3856	243	2	significant	significant	ADJ
fsr-3856	243	3	at	at	ADP
fsr-3856	243	4	the	the	DET
fsr-3856	243	5	5	5	NUM
fsr-3856	243	6	percent	percent	NOUN
fsr-3856	243	7	level	level	NOUN
fsr-3856	243	8	.	.	PUNCT
fsr-3856	244	1	155d.l	155d.l	X
fsr-3856	244	2	.	.	PUNCT
fsr-3856	245	1	domian	domian	PROPN
fsr-3856	245	2	et	et	PROPN
fsr-3856	245	3	al	al	PROPN
fsr-3856	245	4	.	.	PUNCT
fsr-3856	245	5	/	/	SYM
fsr-3856	245	6	financial	financial	ADJ
fsr-3856	245	7	services	service	NOUN
fsr-3856	245	8	review	review	VERB
fsr-3856	245	9	7	7	NUM
fsr-3856	245	10	(	(	PUNCT
fsr-3856	245	11	1998	1998	NUM
fsr-3856	245	12	)	)	PUNCT
fsr-3856	246	1	145–159	145–159	NUM
fsr-3856	246	2	even	even	ADV
fsr-3856	246	3	if	if	SCONJ
fsr-3856	246	4	the	the	DET
fsr-3856	246	5	market	market	NOUN
fsr-3856	246	6	overreaction	overreaction	NOUN
fsr-3856	246	7	phenomenon	phenomenon	NOUN
fsr-3856	246	8	still	still	ADV
fsr-3856	246	9	exists	exist	VERB
fsr-3856	246	10	,	,	PUNCT
fsr-3856	246	11	investors	investor	NOUN
fsr-3856	246	12	have	have	AUX
fsr-3856	246	13	not	not	PART
fsr-3856	246	14	been	be	AUX
fsr-3856	246	15	given	give	VERB
fsr-3856	246	16	the	the	DET
fsr-3856	246	17	opportunity	opportunity	NOUN
fsr-3856	246	18	to	to	PART
fsr-3856	246	19	exploit	exploit	VERB
fsr-3856	246	20	it	it	PRON
fsr-3856	246	21	using	use	VERB
fsr-3856	246	22	dow	dow	NOUN
fsr-3856	246	23	stocks	stock	NOUN
fsr-3856	246	24	.	.	PUNCT
fsr-3856	247	1	5	5	X
fsr-3856	247	2	.	.	X
fsr-3856	247	3	conclusion	conclusion	VERB
fsr-3856	247	4	our	our	PRON
fsr-3856	247	5	analysis	analysis	NOUN
fsr-3856	247	6	of	of	ADP
fsr-3856	247	7	the	the	DET
fsr-3856	247	8	dow	dow	PROPN
fsr-3856	247	9	dividend	dividend	NOUN
fsr-3856	247	10	strategy	strategy	NOUN
fsr-3856	247	11	is	be	AUX
fsr-3856	247	12	generally	generally	ADV
fsr-3856	247	13	consistent	consistent	ADJ
fsr-3856	247	14	with	with	ADP
fsr-3856	247	15	the	the	DET
fsr-3856	247	16	overreaction	overreaction	NOUN
fsr-3856	247	17	hypothesis	hypothesis	NOUN
fsr-3856	247	18	.	.	PUNCT
fsr-3856	248	1	during	during	ADP
fsr-3856	248	2	1964–1997	1964–1997	NUM
fsr-3856	248	3	,	,	PUNCT
fsr-3856	248	4	portfolios	portfolio	NOUN
fsr-3856	248	5	of	of	ADP
fsr-3856	248	6	the	the	DET
fsr-3856	248	7	ten	ten	NUM
fsr-3856	248	8	highest	high	ADJ
fsr-3856	248	9	yielding	yield	VERB
fsr-3856	248	10	dow	dow	PROPN
fsr-3856	248	11	stocks	stock	NOUN
fsr-3856	248	12	underperform	underperform	VERB
fsr-3856	248	13	the	the	DET
fsr-3856	248	14	market	market	NOUN
fsr-3856	248	15	in	in	ADP
fsr-3856	248	16	the	the	DET
fsr-3856	248	17	twelve	twelve	NUM
fsr-3856	248	18	preformation	preformation	ADJ
fsr-3856	248	19	months	month	NOUN
fsr-3856	248	20	,	,	PUNCT
fsr-3856	248	21	and	and	CCONJ
fsr-3856	248	22	outperform	outperform	VERB
fsr-3856	248	23	the	the	DET
fsr-3856	248	24	market	market	NOUN
fsr-3856	248	25	in	in	ADP
fsr-3856	248	26	the	the	DET
fsr-3856	248	27	twelve	twelve	NUM
fsr-3856	248	28	months	month	NOUN
fsr-3856	248	29	following	follow	VERB
fsr-3856	248	30	formation	formation	NOUN
fsr-3856	248	31	.	.	PUNCT
fsr-3856	249	1	portfolios	portfolio	NOUN
fsr-3856	249	2	of	of	ADP
fsr-3856	249	3	low	low	ADJ
fsr-3856	249	4	-	-	PUNCT
fsr-3856	249	5	yield	yield	NOUN
fsr-3856	249	6	stocks	stock	NOUN
fsr-3856	249	7	outperform	outperform	VERB
fsr-3856	249	8	the	the	DET
fsr-3856	249	9	market	market	NOUN
fsr-3856	249	10	in	in	ADP
fsr-3856	249	11	the	the	DET
fsr-3856	249	12	preformation	preformation	ADJ
fsr-3856	249	13	period	period	NOUN
fsr-3856	249	14	,	,	PUNCT
fsr-3856	249	15	and	and	CCONJ
fsr-3856	249	16	slightly	slightly	ADV
fsr-3856	249	17	underperform	underperform	NOUN
fsr-3856	249	18	in	in	ADP
fsr-3856	249	19	the	the	DET
fsr-3856	249	20	following	follow	VERB
fsr-3856	249	21	twelve	twelve	NUM
fsr-3856	249	22	months	month	NOUN
fsr-3856	249	23	.	.	PUNCT
fsr-3856	250	1	furthermore	furthermore	ADV
fsr-3856	250	2	,	,	PUNCT
fsr-3856	250	3	the	the	DET
fsr-3856	250	4	overreaction	overreaction	NOUN
fsr-3856	250	5	effect	effect	NOUN
fsr-3856	250	6	is	be	AUX
fsr-3856	250	7	asymmetric	asymmetric	ADJ
fsr-3856	250	8	and	and	CCONJ
fsr-3856	250	9	more	more	ADV
fsr-3856	250	10	pronounced	pronounced	ADJ
fsr-3856	250	11	in	in	ADP
fsr-3856	250	12	january	january	PROPN
fsr-3856	250	13	,	,	PUNCT
fsr-3856	250	14	as	as	SCONJ
fsr-3856	250	15	previously	previously	ADV
fsr-3856	250	16	found	find	VERB
fsr-3856	250	17	by	by	ADP
fsr-3856	250	18	de	de	X
fsr-3856	250	19	bondt	bondt	NOUN
fsr-3856	250	20	and	and	CCONJ
fsr-3856	250	21	thaler	thaler	NOUN
fsr-3856	250	22	.	.	PUNCT
fsr-3856	251	1	results	result	NOUN
fsr-3856	251	2	from	from	ADP
fsr-3856	251	3	the	the	DET
fsr-3856	251	4	pre	pre	ADJ
fsr-3856	251	5	-	-	ADJ
fsr-3856	251	6	crash	crash	ADJ
fsr-3856	251	7	1964–1986	1964–1986	NUM
fsr-3856	251	8	period	period	NOUN
fsr-3856	251	9	are	be	AUX
fsr-3856	251	10	similar	similar	ADJ
fsr-3856	251	11	to	to	ADP
fsr-3856	251	12	the	the	DET
fsr-3856	251	13	1964–1997	1964–1997	NUM
fsr-3856	251	14	findings	finding	NOUN
fsr-3856	251	15	.	.	PUNCT
fsr-3856	252	1	the	the	DET
fsr-3856	252	2	most	most	ADV
fsr-3856	252	3	notable	notable	ADJ
fsr-3856	252	4	difference	difference	NOUN
fsr-3856	252	5	is	be	AUX
fsr-3856	252	6	the	the	DET
fsr-3856	252	7	more	more	ADV
fsr-3856	252	8	pronounced	pronounced	ADJ
fsr-3856	252	9	underperformance	underperformance	NOUN
fsr-3856	252	10	of	of	ADP
fsr-3856	252	11	low	low	ADJ
fsr-3856	252	12	-	-	PUNCT
fsr-3856	252	13	yield	yield	NOUN
fsr-3856	252	14	stocks	stock	NOUN
fsr-3856	252	15	in	in	ADP
fsr-3856	252	16	the	the	DET
fsr-3856	252	17	fig	fig	NOUN
fsr-3856	252	18	.	.	PUNCT
fsr-3856	253	1	2	2	X
fsr-3856	253	2	.	.	X
fsr-3856	253	3	cumulative	cumulative	ADJ
fsr-3856	253	4	residuals	residual	NOUN
fsr-3856	253	5	for	for	ADP
fsr-3856	253	6	1964–1986	1964–1986	NUM
fsr-3856	253	7	,	,	PUNCT
fsr-3856	253	8	pre	pre	ADJ
fsr-3856	253	9	-	-	ADJ
fsr-3856	253	10	crash	crash	ADJ
fsr-3856	253	11	period	period	NOUN
fsr-3856	253	12	.	.	PUNCT
fsr-3856	254	1	156	156	NUM
fsr-3856	254	2	d.l	d.l	PROPN
fsr-3856	254	3	.	.	PROPN
fsr-3856	255	1	domian	domian	PROPN
fsr-3856	255	2	et	et	PROPN
fsr-3856	255	3	al	al	PROPN
fsr-3856	255	4	.	.	PUNCT
fsr-3856	255	5	/	/	SYM
fsr-3856	255	6	financial	financial	ADJ
fsr-3856	255	7	services	service	NOUN
fsr-3856	255	8	review	review	VERB
fsr-3856	255	9	7	7	NUM
fsr-3856	255	10	(	(	PUNCT
fsr-3856	255	11	1998	1998	NUM
fsr-3856	255	12	)	)	PUNCT
fsr-3856	255	13	145–159	145–159	NUM
fsr-3856	255	14	table	table	NOUN
fsr-3856	255	15	5	5	NUM
fsr-3856	255	16	residuals	residual	NOUN
fsr-3856	255	17	from	from	ADP
fsr-3856	255	18	dividend	dividend	NOUN
fsr-3856	255	19	yield	yield	NOUN
fsr-3856	255	20	portfolios	portfolio	NOUN
fsr-3856	255	21	,	,	PUNCT
fsr-3856	255	22	1989–1997	1989–1997	NUM
fsr-3856	255	23	(	(	PUNCT
fsr-3856	255	24	post	post	ADJ
fsr-3856	255	25	-	-	ADJ
fsr-3856	255	26	crash	crash	ADJ
fsr-3856	255	27	period	period	NOUN
fsr-3856	255	28	)	)	PUNCT
fsr-3856	255	29	month	month	NOUN
fsr-3856	255	30	high	high	ADJ
fsr-3856	255	31	-	-	PUNCT
fsr-3856	255	32	yield	yield	NOUN
fsr-3856	255	33	low	low	ADJ
fsr-3856	255	34	-	-	PUNCT
fsr-3856	255	35	yield	yield	NOUN
fsr-3856	255	36	differences	difference	NOUN
fsr-3856	255	37	aarh	aarh	VERB
fsr-3856	255	38	,	,	PUNCT
fsr-3856	255	39	t	t	PROPN
fsr-3856	255	40	caarh	caarh	PROPN
fsr-3856	255	41	,	,	PUNCT
fsr-3856	255	42	t	t	PROPN
fsr-3856	255	43	aarl	aarl	PROPN
fsr-3856	255	44	,	,	PUNCT
fsr-3856	255	45	t	t	PROPN
fsr-3856	255	46	caarl	caarl	PROPN
fsr-3856	255	47	,	,	PUNCT
fsr-3856	255	48	t	t	PROPN
fsr-3856	255	49	caarh	caarh	PROPN
fsr-3856	255	50	,	,	PUNCT
fsr-3856	255	51	t	t	PROPN
fsr-3856	255	52	2	2	NUM
fsr-3856	255	53	caarl	caarl	PROPN
fsr-3856	255	54	,	,	PUNCT
fsr-3856	255	55	t	t	PROPN
fsr-3856	255	56	panel	panel	NOUN
fsr-3856	255	57	a	a	DET
fsr-3856	255	58	11	11	NUM
fsr-3856	255	59	0.0165	0.0165	NUM
fsr-3856	255	60	0.0165	0.0165	NUM
fsr-3856	255	61	0.0176	0.0176	NUM
fsr-3856	255	62	0.0176	0.0176	NUM
fsr-3856	255	63	20.0011	20.0011	NUM
fsr-3856	255	64	(	(	PUNCT
fsr-3856	255	65	1.18	1.18	NUM
fsr-3856	255	66	)	)	PUNCT
fsr-3856	255	67	(	(	PUNCT
fsr-3856	255	68	1.18	1.18	NUM
fsr-3856	255	69	)	)	PUNCT
fsr-3856	255	70	(	(	PUNCT
fsr-3856	255	71	1.45	1.45	NUM
fsr-3856	255	72	)	)	PUNCT
fsr-3856	255	73	(	(	PUNCT
fsr-3856	255	74	1.45	1.45	NUM
fsr-3856	255	75	)	)	PUNCT
fsr-3856	255	76	(	(	PUNCT
fsr-3856	255	77	20.06	20.06	NUM
fsr-3856	255	78	)	)	PUNCT
fsr-3856	255	79	12	12	NUM
fsr-3856	255	80	0.0048	0.0048	NUM
fsr-3856	255	81	0.0213	0.0213	NUM
fsr-3856	255	82	20.0014	20.0014	NUM
fsr-3856	255	83	0.0162	0.0162	NUM
fsr-3856	255	84	0.0051	0.0051	NUM
fsr-3856	255	85	(	(	PUNCT
fsr-3856	255	86	0.76	0.76	NUM
fsr-3856	255	87	)	)	PUNCT
fsr-3856	255	88	(	(	PUNCT
fsr-3856	255	89	1.41	1.41	NUM
fsr-3856	255	90	)	)	PUNCT
fsr-3856	255	91	(	(	PUNCT
fsr-3856	255	92	20.21	20.21	NUM
fsr-3856	255	93	)	)	PUNCT
fsr-3856	255	94	(	(	PUNCT
fsr-3856	255	95	1.00	1.00	NUM
fsr-3856	255	96	)	)	PUNCT
fsr-3856	255	97	(	(	PUNCT
fsr-3856	255	98	0.23	0.23	NUM
fsr-3856	255	99	)	)	PUNCT
fsr-3856	255	100	13	13	NUM
fsr-3856	255	101	0.0065	0.0065	NUM
fsr-3856	255	102	0.0278	0.0278	NUM
fsr-3856	255	103	0.0015	0.0015	NUM
fsr-3856	255	104	0.0177	0.0177	NUM
fsr-3856	255	105	0.0101	0.0101	NUM
fsr-3856	255	106	(	(	PUNCT
fsr-3856	255	107	0.72	0.72	NUM
fsr-3856	255	108	)	)	PUNCT
fsr-3856	255	109	(	(	PUNCT
fsr-3856	255	110	1.69	1.69	NUM
fsr-3856	255	111	)	)	PUNCT
fsr-3856	255	112	(	(	PUNCT
fsr-3856	255	113	0.29	0.29	NUM
fsr-3856	255	114	)	)	PUNCT
fsr-3856	255	115	(	(	PUNCT
fsr-3856	255	116	1.02	1.02	NUM
fsr-3856	255	117	)	)	PUNCT
fsr-3856	255	118	(	(	PUNCT
fsr-3856	255	119	0.43	0.43	NUM
fsr-3856	255	120	)	)	PUNCT
fsr-3856	255	121	14	14	NUM
fsr-3856	255	122	20.0027	20.0027	NUM
fsr-3856	255	123	0.0251	0.0251	NUM
fsr-3856	255	124	20.0036	20.0036	NUM
fsr-3856	255	125	0.0141	0.0141	NUM
fsr-3856	255	126	0.0110	0.0110	NUM
fsr-3856	255	127	(	(	PUNCT
fsr-3856	255	128	20.24	20.24	NUM
fsr-3856	255	129	)	)	PUNCT
fsr-3856	255	130	(	(	PUNCT
fsr-3856	255	131	1.48	1.48	NUM
fsr-3856	255	132	)	)	PUNCT
fsr-3856	255	133	(	(	PUNCT
fsr-3856	255	134	20.46	20.46	NUM
fsr-3856	255	135	)	)	PUNCT
fsr-3856	255	136	(	(	PUNCT
fsr-3856	255	137	0.67	0.67	NUM
fsr-3856	255	138	)	)	PUNCT
fsr-3856	255	139	(	(	PUNCT
fsr-3856	255	140	0.40	0.40	NUM
fsr-3856	255	141	)	)	PUNCT
fsr-3856	255	142	15	15	NUM
fsr-3856	255	143	20.0058	20.0058	NUM
fsr-3856	255	144	0.0193	0.0193	NUM
fsr-3856	255	145	0.0119	0.0119	NUM
fsr-3856	255	146	0.0261	0.0261	NUM
fsr-3856	255	147	20.0067	20.0067	NUM
fsr-3856	255	148	(	(	PUNCT
fsr-3856	255	149	21.09	21.09	NUM
fsr-3856	255	150	)	)	PUNCT
fsr-3856	255	151	(	(	PUNCT
fsr-3856	255	152	0.98	0.98	NUM
fsr-3856	255	153	)	)	PUNCT
fsr-3856	255	154	(	(	PUNCT
fsr-3856	255	155	0.90	0.90	NUM
fsr-3856	255	156	)	)	PUNCT
fsr-3856	255	157	(	(	PUNCT
fsr-3856	255	158	1.39	1.39	NUM
fsr-3856	255	159	)	)	PUNCT
fsr-3856	255	160	(	(	PUNCT
fsr-3856	255	161	20.25	20.25	NUM
fsr-3856	255	162	)	)	PUNCT
fsr-3856	255	163	16	16	NUM
fsr-3856	255	164	20.0057	20.0057	NUM
fsr-3856	255	165	0.0137	0.0137	NUM
fsr-3856	255	166	20.0038	20.0038	NUM
fsr-3856	255	167	0.0223	0.0223	NUM
fsr-3856	255	168	20.0086	20.0086	NUM
fsr-3856	255	169	(	(	PUNCT
fsr-3856	255	170	20.83	20.83	NUM
fsr-3856	255	171	)	)	PUNCT
fsr-3856	255	172	(	(	PUNCT
fsr-3856	255	173	0.70	0.70	NUM
fsr-3856	255	174	)	)	PUNCT
fsr-3856	255	175	(	(	PUNCT
fsr-3856	255	176	20.58	20.58	NUM
fsr-3856	255	177	)	)	PUNCT
fsr-3856	255	178	(	(	PUNCT
fsr-3856	255	179	1.21	1.21	NUM
fsr-3856	255	180	)	)	PUNCT
fsr-3856	255	181	(	(	PUNCT
fsr-3856	255	182	20.32	20.32	NUM
fsr-3856	255	183	)	)	PUNCT
fsr-3856	255	184	17	17	NUM
fsr-3856	255	185	0.0017	0.0017	NUM
fsr-3856	255	186	0.0153	0.0153	NUM
fsr-3856	255	187	20.0080	20.0080	NUM
fsr-3856	255	188	0.0142	0.0142	NUM
fsr-3856	255	189	0.0011	0.0011	NUM
fsr-3856	255	190	(	(	PUNCT
fsr-3856	255	191	0.26	0.26	NUM
fsr-3856	255	192	)	)	PUNCT
fsr-3856	255	193	(	(	PUNCT
fsr-3856	255	194	0.81	0.81	NUM
fsr-3856	255	195	)	)	PUNCT
fsr-3856	255	196	(	(	PUNCT
fsr-3856	255	197	21.32	21.32	NUM
fsr-3856	255	198	)	)	PUNCT
fsr-3856	255	199	(	(	PUNCT
fsr-3856	255	200	0.65	0.65	NUM
fsr-3856	255	201	)	)	PUNCT
fsr-3856	255	202	(	(	PUNCT
fsr-3856	255	203	0.04	0.04	NUM
fsr-3856	255	204	)	)	PUNCT
fsr-3856	255	205	18	18	NUM
fsr-3856	255	206	20.0021	20.0021	NUM
fsr-3856	255	207	0.0132	0.0132	NUM
fsr-3856	255	208	0.0000	0.0000	NUM
fsr-3856	255	209	0.0142	0.0142	NUM
fsr-3856	255	210	20.0010	20.0010	NUM
fsr-3856	255	211	(	(	PUNCT
fsr-3856	255	212	20.25	20.25	NUM
fsr-3856	255	213	)	)	PUNCT
fsr-3856	255	214	(	(	PUNCT
fsr-3856	255	215	0.86	0.86	NUM
fsr-3856	255	216	)	)	PUNCT
fsr-3856	255	217	(	(	PUNCT
fsr-3856	255	218	0.00	0.00	NUM
fsr-3856	255	219	)	)	PUNCT
fsr-3856	255	220	(	(	PUNCT
fsr-3856	255	221	0.85	0.85	NUM
fsr-3856	255	222	)	)	PUNCT
fsr-3856	255	223	(	(	PUNCT
fsr-3856	255	224	20.04	20.04	NUM
fsr-3856	255	225	)	)	PUNCT
fsr-3856	255	226	19	19	NUM
fsr-3856	255	227	20.0099	20.0099	NUM
fsr-3856	255	228	0.0033	0.0033	NUM
fsr-3856	255	229	20.0253	20.0253	NUM
fsr-3856	255	230	20.0111	20.0111	NUM
fsr-3856	255	231	0.0144	0.0144	NUM
fsr-3856	255	232	(	(	PUNCT
fsr-3856	255	233	21.16	21.16	NUM
fsr-3856	255	234	)	)	PUNCT
fsr-3856	255	235	(	(	PUNCT
fsr-3856	255	236	0.17	0.17	NUM
fsr-3856	255	237	)	)	PUNCT
fsr-3856	255	238	(	(	PUNCT
fsr-3856	255	239	24.70	24.70	NUM
fsr-3856	255	240	)	)	PUNCT
fsr-3856	255	241	*	*	PUNCT
fsr-3856	255	242	*	*	PUNCT
fsr-3856	255	243	(	(	PUNCT
fsr-3856	255	244	20.55	20.55	NUM
fsr-3856	255	245	)	)	PUNCT
fsr-3856	255	246	(	(	PUNCT
fsr-3856	255	247	0.52	0.52	NUM
fsr-3856	255	248	)	)	PUNCT
fsr-3856	255	249	110	110	NUM
fsr-3856	255	250	20.0038	20.0038	NUM
fsr-3856	255	251	20.0004	20.0004	NUM
fsr-3856	255	252	20.0178	20.0178	NUM
fsr-3856	255	253	20.0290	20.0290	NUM
fsr-3856	255	254	0.0285	0.0285	NUM
fsr-3856	255	255	(	(	PUNCT
fsr-3856	255	256	20.41	20.41	NUM
fsr-3856	255	257	)	)	PUNCT
fsr-3856	255	258	(	(	PUNCT
fsr-3856	255	259	20.02	20.02	NUM
fsr-3856	255	260	)	)	PUNCT
fsr-3856	255	261	(	(	PUNCT
fsr-3856	255	262	21.30	21.30	NUM
fsr-3856	255	263	)	)	PUNCT
fsr-3856	255	264	(	(	PUNCT
fsr-3856	255	265	21.11	21.11	NUM
fsr-3856	255	266	)	)	PUNCT
fsr-3856	255	267	(	(	PUNCT
fsr-3856	255	268	0.80	0.80	NUM
fsr-3856	255	269	)	)	PUNCT
fsr-3856	255	270	111	111	NUM
fsr-3856	255	271	20.0162	20.0162	NUM
fsr-3856	255	272	20.0166	20.0166	NUM
fsr-3856	255	273	0.0020	0.0020	NUM
fsr-3856	255	274	20.0270	20.0270	NUM
fsr-3856	255	275	0.0104	0.0104	NUM
fsr-3856	255	276	(	(	PUNCT
fsr-3856	255	277	21.43	21.43	NUM
fsr-3856	255	278	)	)	PUNCT
fsr-3856	255	279	(	(	PUNCT
fsr-3856	255	280	20.57	20.57	NUM
fsr-3856	255	281	)	)	PUNCT
fsr-3856	255	282	(	(	PUNCT
fsr-3856	255	283	0.27	0.27	NUM
fsr-3856	255	284	)	)	PUNCT
fsr-3856	255	285	(	(	PUNCT
fsr-3856	255	286	21.02	21.02	NUM
fsr-3856	255	287	)	)	PUNCT
fsr-3856	255	288	(	(	PUNCT
fsr-3856	255	289	0.26	0.26	NUM
fsr-3856	255	290	)	)	PUNCT
fsr-3856	255	291	112	112	NUM
fsr-3856	255	292	0.0053	0.0053	NUM
fsr-3856	255	293	20.0113	20.0113	NUM
fsr-3856	255	294	20.0008	20.0008	NUM
fsr-3856	255	295	20.0278	20.0278	NUM
fsr-3856	255	296	0.0165	0.0165	NUM
fsr-3856	255	297	(	(	PUNCT
fsr-3856	255	298	0.55	0.55	NUM
fsr-3856	255	299	)	)	PUNCT
fsr-3856	255	300	(	(	PUNCT
fsr-3856	255	301	20.37	20.37	NUM
fsr-3856	255	302	)	)	PUNCT
fsr-3856	255	303	(	(	PUNCT
fsr-3856	255	304	20.08	20.08	NUM
fsr-3856	255	305	)	)	PUNCT
fsr-3856	255	306	(	(	PUNCT
fsr-3856	255	307	20.88	20.88	NUM
fsr-3856	255	308	)	)	PUNCT
fsr-3856	255	309	(	(	PUNCT
fsr-3856	255	310	0.37	0.37	NUM
fsr-3856	255	311	)	)	PUNCT
fsr-3856	255	312	average	average	ADJ
fsr-3856	255	313	average	average	ADJ
fsr-3856	255	314	residuals	residual	NOUN
fsr-3856	255	315	(	(	PUNCT
fsr-3856	255	316	aars	aar	NOUN
fsr-3856	255	317	)	)	PUNCT
fsr-3856	255	318	and	and	CCONJ
fsr-3856	255	319	cumulative	cumulative	ADJ
fsr-3856	255	320	average	average	ADJ
fsr-3856	255	321	average	average	ADJ
fsr-3856	255	322	residuals	residual	NOUN
fsr-3856	255	323	(	(	PUNCT
fsr-3856	255	324	caars	caar	NOUN
fsr-3856	255	325	)	)	PUNCT
fsr-3856	255	326	are	be	AUX
fsr-3856	255	327	presented	present	VERB
fsr-3856	255	328	for	for	ADP
fsr-3856	255	329	1989–1997	1989–1997	NUM
fsr-3856	255	330	,	,	PUNCT
fsr-3856	255	331	the	the	DET
fsr-3856	255	332	period	period	NOUN
fsr-3856	255	333	following	follow	VERB
fsr-3856	255	334	the	the	DET
fsr-3856	255	335	1987	1987	NUM
fsr-3856	255	336	stock	stock	NOUN
fsr-3856	255	337	market	market	NOUN
fsr-3856	255	338	crash	crash	NOUN
fsr-3856	255	339	.	.	PUNCT
fsr-3856	256	1	the	the	DET
fsr-3856	256	2	high	high	ADJ
fsr-3856	256	3	-	-	PUNCT
fsr-3856	256	4	yield	yield	NOUN
fsr-3856	256	5	portfolios	portfolio	NOUN
fsr-3856	256	6	include	include	VERB
fsr-3856	256	7	the	the	DET
fsr-3856	256	8	ten	ten	NUM
fsr-3856	256	9	highest	highest	ADV
fsr-3856	256	10	-	-	PUNCT
fsr-3856	256	11	yielding	yield	VERB
fsr-3856	256	12	stocks	stock	NOUN
fsr-3856	256	13	from	from	ADP
fsr-3856	256	14	the	the	DET
fsr-3856	256	15	dow	dow	PROPN
fsr-3856	256	16	jones	jones	PROPN
fsr-3856	256	17	industrial	industrial	PROPN
fsr-3856	256	18	average	average	PROPN
fsr-3856	256	19	.	.	PUNCT
fsr-3856	257	1	the	the	DET
fsr-3856	257	2	low	low	ADJ
fsr-3856	257	3	-	-	PUNCT
fsr-3856	257	4	yield	yield	NOUN
fsr-3856	257	5	portfolios	portfolio	NOUN
fsr-3856	257	6	include	include	VERB
fsr-3856	257	7	the	the	DET
fsr-3856	257	8	dow	dow	NOUN
fsr-3856	257	9	’s	’s	PART
fsr-3856	257	10	ten	ten	NUM
fsr-3856	257	11	lowest	low	ADJ
fsr-3856	257	12	yielding	yield	VERB
fsr-3856	257	13	stocks	stock	NOUN
fsr-3856	257	14	.	.	PUNCT
fsr-3856	258	1	this	this	DET
fsr-3856	258	2	panel	panel	NOUN
fsr-3856	258	3	shows	show	VERB
fsr-3856	258	4	post	post	ADJ
fsr-3856	258	5	-	-	ADJ
fsr-3856	258	6	formation	formation	NOUN
fsr-3856	258	7	monthst	monthst	ADJ
fsr-3856	258	8	5	5	NUM
fsr-3856	258	9	11	11	NUM
fsr-3856	258	10	to	to	ADP
fsr-3856	258	11	t	t	PROPN
fsr-3856	258	12	5	5	NUM
fsr-3856	258	13	112	112	NUM
fsr-3856	258	14	.	.	PUNCT
fsr-3856	259	1	numbers	number	NOUN
fsr-3856	259	2	in	in	ADP
fsr-3856	259	3	parentheses	parenthesis	NOUN
fsr-3856	259	4	are	be	AUX
fsr-3856	259	5	t	t	NOUN
fsr-3856	259	6	-	-	PUNCT
fsr-3856	259	7	statistics	statistic	NOUN
fsr-3856	259	8	.	.	PUNCT
fsr-3856	260	1	panel	panel	NOUN
fsr-3856	260	2	b	b	NOUN
fsr-3856	260	3	211	211	NUM
fsr-3856	260	4	0.0345	0.0345	NUM
fsr-3856	260	5	0.0345	0.0345	NUM
fsr-3856	260	6	0.0207	0.0207	NUM
fsr-3856	260	7	0.0207	0.0207	NUM
fsr-3856	260	8	0.0137	0.0137	NUM
fsr-3856	260	9	(	(	PUNCT
fsr-3856	260	10	2.37	2.37	NUM
fsr-3856	260	11	)	)	PUNCT
fsr-3856	260	12	*	*	PUNCT
fsr-3856	260	13	(	(	PUNCT
fsr-3856	260	14	2.37	2.37	NUM
fsr-3856	260	15	)	)	PUNCT
fsr-3856	260	16	*	*	PUNCT
fsr-3856	260	17	(	(	PUNCT
fsr-3856	260	18	1.26	1.26	NUM
fsr-3856	260	19	)	)	PUNCT
fsr-3856	260	20	(	(	PUNCT
fsr-3856	260	21	1.26	1.26	NUM
fsr-3856	260	22	)	)	PUNCT
fsr-3856	260	23	(	(	PUNCT
fsr-3856	260	24	0.62	0.62	NUM
fsr-3856	260	25	)	)	PUNCT
fsr-3856	260	26	210	210	NUM
fsr-3856	260	27	0.0148	0.0148	NUM
fsr-3856	260	28	0.0493	0.0493	NUM
fsr-3856	260	29	20.0006	20.0006	NUM
fsr-3856	260	30	0.0202	0.0202	NUM
fsr-3856	260	31	0.0291	0.0291	NUM
fsr-3856	260	32	(	(	PUNCT
fsr-3856	260	33	1.78	1.78	NUM
fsr-3856	260	34	)	)	PUNCT
fsr-3856	260	35	(	(	PUNCT
fsr-3856	260	36	3.19	3.19	NUM
fsr-3856	260	37	)	)	PUNCT
fsr-3856	260	38	*	*	PUNCT
fsr-3856	260	39	(	(	PUNCT
fsr-3856	260	40	20.10	20.10	NUM
fsr-3856	260	41	)	)	PUNCT
fsr-3856	260	42	(	(	PUNCT
fsr-3856	260	43	1.09	1.09	NUM
fsr-3856	260	44	)	)	PUNCT
fsr-3856	260	45	(	(	PUNCT
fsr-3856	260	46	1.21	1.21	NUM
fsr-3856	260	47	)	)	PUNCT
fsr-3856	260	48	29	29	NUM
fsr-3856	260	49	0.0169	0.0169	NUM
fsr-3856	260	50	0.0661	0.0661	NUM
fsr-3856	260	51	0.0006	0.0006	NUM
fsr-3856	260	52	0.0207	0.0207	NUM
fsr-3856	260	53	0.0454	0.0454	NUM
fsr-3856	260	54	(	(	PUNCT
fsr-3856	260	55	1.98	1.98	NUM
fsr-3856	260	56	)	)	PUNCT
fsr-3856	260	57	(	(	PUNCT
fsr-3856	260	58	3.15	3.15	NUM
fsr-3856	260	59	)	)	PUNCT
fsr-3856	260	60	*	*	PUNCT
fsr-3856	260	61	(	(	PUNCT
fsr-3856	260	62	0.06	0.06	NUM
fsr-3856	260	63	)	)	PUNCT
fsr-3856	260	64	(	(	PUNCT
fsr-3856	260	65	1.00	1.00	NUM
fsr-3856	260	66	)	)	PUNCT
fsr-3856	260	67	(	(	PUNCT
fsr-3856	260	68	1.54	1.54	NUM
fsr-3856	260	69	)	)	PUNCT
fsr-3856	260	70	28	28	NUM
fsr-3856	260	71	20.0002	20.0002	NUM
fsr-3856	260	72	0.0660	0.0660	NUM
fsr-3856	260	73	0.0021	0.0021	NUM
fsr-3856	260	74	0.0228	0.0228	NUM
fsr-3856	260	75	0.0432	0.0432	NUM
fsr-3856	260	76	(	(	PUNCT
fsr-3856	260	77	20.01	20.01	NUM
fsr-3856	260	78	)	)	PUNCT
fsr-3856	260	79	(	(	PUNCT
fsr-3856	260	80	2.54	2.54	NUM
fsr-3856	260	81	)	)	PUNCT
fsr-3856	260	82	*	*	PUNCT
fsr-3856	260	83	(	(	PUNCT
fsr-3856	260	84	0.26	0.26	NUM
fsr-3856	260	85	)	)	PUNCT
fsr-3856	260	86	(	(	PUNCT
fsr-3856	260	87	0.91	0.91	NUM
fsr-3856	260	88	)	)	PUNCT
fsr-3856	260	89	(	(	PUNCT
fsr-3856	260	90	1.20	1.20	NUM
fsr-3856	260	91	)	)	PUNCT
fsr-3856	260	92	27	27	NUM
fsr-3856	260	93	20.0131	20.0131	NUM
fsr-3856	260	94	0.0529	0.0529	NUM
fsr-3856	260	95	0.0016	0.0016	NUM
fsr-3856	260	96	0.0244	0.0244	NUM
fsr-3856	260	97	0.0284	0.0284	NUM
fsr-3856	260	98	(	(	PUNCT
fsr-3856	260	99	22.28	22.28	NUM
fsr-3856	260	100	)	)	PUNCT
fsr-3856	260	101	(	(	PUNCT
fsr-3856	260	102	1.80	1.80	NUM
fsr-3856	260	103	)	)	PUNCT
fsr-3856	260	104	(	(	PUNCT
fsr-3856	260	105	0.22	0.22	NUM
fsr-3856	260	106	)	)	PUNCT
fsr-3856	260	107	(	(	PUNCT
fsr-3856	260	108	1.00	1.00	NUM
fsr-3856	260	109	)	)	PUNCT
fsr-3856	260	110	(	(	PUNCT
fsr-3856	260	111	0.74	0.74	NUM
fsr-3856	260	112	)	)	PUNCT
fsr-3856	260	113	26	26	NUM
fsr-3856	260	114	20.0087	20.0087	NUM
fsr-3856	260	115	0.0442	0.0442	NUM
fsr-3856	260	116	0.0111	0.0111	NUM
fsr-3856	260	117	0.0356	0.0356	NUM
fsr-3856	260	118	0.0086	0.0086	NUM
fsr-3856	260	119	(	(	PUNCT
fsr-3856	260	120	20.88	20.88	NUM
fsr-3856	260	121	)	)	PUNCT
fsr-3856	260	122	(	(	PUNCT
fsr-3856	260	123	1.20	1.20	NUM
fsr-3856	260	124	)	)	PUNCT
fsr-3856	260	125	(	(	PUNCT
fsr-3856	260	126	1.28	1.28	NUM
fsr-3856	260	127	)	)	PUNCT
fsr-3856	260	128	(	(	PUNCT
fsr-3856	260	129	1.42	1.42	NUM
fsr-3856	260	130	)	)	PUNCT
fsr-3856	260	131	(	(	PUNCT
fsr-3856	260	132	0.19	0.19	NUM
fsr-3856	260	133	)	)	PUNCT
fsr-3856	260	134	25	25	NUM
fsr-3856	260	135	20.0045	20.0045	NUM
fsr-3856	260	136	0.0397	0.0397	NUM
fsr-3856	260	137	20.0046	20.0046	NUM
fsr-3856	260	138	0.0310	0.0310	NUM
fsr-3856	260	139	0.0087	0.0087	NUM
fsr-3856	260	140	(	(	PUNCT
fsr-3856	260	141	20.63	20.63	NUM
fsr-3856	260	142	)	)	PUNCT
fsr-3856	260	143	(	(	PUNCT
fsr-3856	260	144	1.13	1.13	NUM
fsr-3856	260	145	)	)	PUNCT
fsr-3856	260	146	(	(	PUNCT
fsr-3856	260	147	20.44	20.44	NUM
fsr-3856	260	148	)	)	PUNCT
fsr-3856	260	149	(	(	PUNCT
fsr-3856	260	150	1.18	1.18	NUM
fsr-3856	260	151	)	)	PUNCT
fsr-3856	260	152	(	(	PUNCT
fsr-3856	260	153	0.20	0.20	NUM
fsr-3856	260	154	)	)	PUNCT
fsr-3856	260	155	24	24	NUM
fsr-3856	260	156	0.0033	0.0033	NUM
fsr-3856	260	157	0.0430	0.0430	NUM
fsr-3856	260	158	0.0014	0.0014	NUM
fsr-3856	260	159	0.0324	0.0324	NUM
fsr-3856	260	160	0.0106	0.0106	NUM
fsr-3856	260	161	(	(	PUNCT
fsr-3856	260	162	0.48	0.48	NUM
fsr-3856	260	163	)	)	PUNCT
fsr-3856	260	164	(	(	PUNCT
fsr-3856	260	165	1.31	1.31	NUM
fsr-3856	260	166	)	)	PUNCT
fsr-3856	260	167	(	(	PUNCT
fsr-3856	260	168	0.14	0.14	NUM
fsr-3856	260	169	)	)	PUNCT
fsr-3856	260	170	(	(	PUNCT
fsr-3856	260	171	1.36	1.36	NUM
fsr-3856	260	172	)	)	PUNCT
fsr-3856	260	173	(	(	PUNCT
fsr-3856	260	174	0.26	0.26	NUM
fsr-3856	260	175	)	)	PUNCT
fsr-3856	260	176	23	23	NUM
fsr-3856	260	177	20.0035	20.0035	NUM
fsr-3856	260	178	0.0395	0.0395	NUM
fsr-3856	260	179	20.0195	20.0195	NUM
fsr-3856	260	180	0.0129	0.0129	NUM
fsr-3856	260	181	0.0266	0.0266	NUM
fsr-3856	260	182	(	(	PUNCT
fsr-3856	260	183	20.64	20.64	NUM
fsr-3856	260	184	)	)	PUNCT
fsr-3856	260	185	(	(	PUNCT
fsr-3856	260	186	1.15	1.15	NUM
fsr-3856	260	187	)	)	PUNCT
fsr-3856	260	188	(	(	PUNCT
fsr-3856	260	189	23.48	23.48	NUM
fsr-3856	260	190	)	)	PUNCT
fsr-3856	260	191	*	*	PUNCT
fsr-3856	260	192	*	*	PUNCT
fsr-3856	260	193	(	(	PUNCT
fsr-3856	260	194	0.50	0.50	NUM
fsr-3856	260	195	)	)	PUNCT
fsr-3856	260	196	(	(	PUNCT
fsr-3856	260	197	0.62	0.62	NUM
fsr-3856	260	198	)	)	PUNCT
fsr-3856	260	199	22	22	NUM
fsr-3856	260	200	20.0025	20.0025	NUM
fsr-3856	260	201	0.0370	0.0370	NUM
fsr-3856	260	202	20.0029	20.0029	NUM
fsr-3856	260	203	0.0100	0.0100	NUM
fsr-3856	260	204	0.0270	0.0270	NUM
fsr-3856	260	205	(	(	PUNCT
fsr-3856	260	206	20.31	20.31	NUM
fsr-3856	260	207	)	)	PUNCT
fsr-3856	260	208	(	(	PUNCT
fsr-3856	260	209	0.92	0.92	NUM
fsr-3856	260	210	)	)	PUNCT
fsr-3856	260	211	(	(	PUNCT
fsr-3856	260	212	20.27	20.27	NUM
fsr-3856	260	213	)	)	PUNCT
fsr-3856	260	214	(	(	PUNCT
fsr-3856	260	215	0.30	0.30	NUM
fsr-3856	260	216	)	)	PUNCT
fsr-3856	260	217	(	(	PUNCT
fsr-3856	260	218	0.52	0.52	NUM
fsr-3856	260	219	)	)	PUNCT
fsr-3856	260	220	21	21	NUM
fsr-3856	260	221	20.0094	20.0094	NUM
fsr-3856	260	222	0.0276	0.0276	NUM
fsr-3856	260	223	0.0054	0.0054	NUM
fsr-3856	260	224	0.0154	0.0154	NUM
fsr-3856	260	225	0.0122	0.0122	NUM
fsr-3856	260	226	(	(	PUNCT
fsr-3856	260	227	20.97	20.97	NUM
fsr-3856	260	228	)	)	PUNCT
fsr-3856	260	229	(	(	PUNCT
fsr-3856	260	230	0.69	0.69	NUM
fsr-3856	260	231	)	)	PUNCT
fsr-3856	260	232	(	(	PUNCT
fsr-3856	260	233	1.05	1.05	NUM
fsr-3856	260	234	)	)	PUNCT
fsr-3856	260	235	(	(	PUNCT
fsr-3856	260	236	0.53	0.53	NUM
fsr-3856	260	237	)	)	PUNCT
fsr-3856	260	238	(	(	PUNCT
fsr-3856	260	239	0.25	0.25	NUM
fsr-3856	260	240	)	)	PUNCT
fsr-3856	260	241	0	0	NUM
fsr-3856	260	242	20.0001	20.0001	NUM
fsr-3856	260	243	0.0275	0.0275	NUM
fsr-3856	260	244	20.0048	20.0048	NUM
fsr-3856	260	245	0.0106	0.0106	NUM
fsr-3856	260	246	0.0169	0.0169	NUM
fsr-3856	260	247	(	(	PUNCT
fsr-3856	260	248	20.15	20.15	NUM
fsr-3856	260	249	)	)	PUNCT
fsr-3856	260	250	(	(	PUNCT
fsr-3856	260	251	0.65	0.65	NUM
fsr-3856	260	252	)	)	PUNCT
fsr-3856	260	253	(	(	PUNCT
fsr-3856	260	254	20.36	20.36	NUM
fsr-3856	260	255	)	)	PUNCT
fsr-3856	260	256	(	(	PUNCT
fsr-3856	260	257	0.35	0.35	NUM
fsr-3856	260	258	)	)	PUNCT
fsr-3856	260	259	(	(	PUNCT
fsr-3856	260	260	0.33	0.33	NUM
fsr-3856	260	261	)	)	PUNCT
fsr-3856	260	262	average	average	ADJ
fsr-3856	260	263	average	average	ADJ
fsr-3856	260	264	residuals	residual	NOUN
fsr-3856	260	265	(	(	PUNCT
fsr-3856	260	266	aars	aar	NOUN
fsr-3856	260	267	)	)	PUNCT
fsr-3856	260	268	and	and	CCONJ
fsr-3856	260	269	cumulative	cumulative	ADJ
fsr-3856	260	270	average	average	ADJ
fsr-3856	260	271	average	average	ADJ
fsr-3856	260	272	residuals	residual	NOUN
fsr-3856	260	273	(	(	PUNCT
fsr-3856	260	274	caars	caar	NOUN
fsr-3856	260	275	)	)	PUNCT
fsr-3856	260	276	are	be	AUX
fsr-3856	260	277	presented	present	VERB
fsr-3856	260	278	for	for	ADP
fsr-3856	260	279	1989–1997	1989–1997	NUM
fsr-3856	260	280	,	,	PUNCT
fsr-3856	260	281	the	the	DET
fsr-3856	260	282	period	period	NOUN
fsr-3856	260	283	following	follow	VERB
fsr-3856	260	284	the	the	DET
fsr-3856	260	285	1987	1987	NUM
fsr-3856	260	286	stock	stock	NOUN
fsr-3856	260	287	market	market	NOUN
fsr-3856	260	288	crash	crash	NOUN
fsr-3856	260	289	.	.	PUNCT
fsr-3856	261	1	the	the	DET
fsr-3856	261	2	high	high	ADJ
fsr-3856	261	3	-	-	PUNCT
fsr-3856	261	4	yield	yield	NOUN
fsr-3856	261	5	portfolios	portfolio	NOUN
fsr-3856	261	6	include	include	VERB
fsr-3856	261	7	the	the	DET
fsr-3856	261	8	ten	ten	NUM
fsr-3856	261	9	highest	highest	ADV
fsr-3856	261	10	-	-	PUNCT
fsr-3856	261	11	yielding	yield	VERB
fsr-3856	261	12	stocks	stock	NOUN
fsr-3856	261	13	from	from	ADP
fsr-3856	261	14	the	the	DET
fsr-3856	261	15	dow	dow	PROPN
fsr-3856	261	16	jones	jones	PROPN
fsr-3856	261	17	industrial	industrial	PROPN
fsr-3856	261	18	average	average	PROPN
fsr-3856	261	19	.	.	PUNCT
fsr-3856	262	1	the	the	DET
fsr-3856	262	2	low	low	ADJ
fsr-3856	262	3	-	-	PUNCT
fsr-3856	262	4	yield	yield	NOUN
fsr-3856	262	5	portfolios	portfolio	NOUN
fsr-3856	262	6	include	include	VERB
fsr-3856	262	7	the	the	DET
fsr-3856	262	8	dow	dow	NOUN
fsr-3856	262	9	’s	’s	PART
fsr-3856	262	10	ten	ten	NUM
fsr-3856	262	11	lowest	low	ADJ
fsr-3856	262	12	yielding	yield	VERB
fsr-3856	262	13	stocks	stock	NOUN
fsr-3856	262	14	.	.	PUNCT
fsr-3856	263	1	this	this	DET
fsr-3856	263	2	panel	panel	NOUN
fsr-3856	263	3	shows	show	VERB
fsr-3856	263	4	preformation	preformation	NOUN
fsr-3856	263	5	monthst	monthst	ADJ
fsr-3856	263	6	5	5	NUM
fsr-3856	263	7	21	21	NUM
fsr-3856	263	8	to	to	ADP
fsr-3856	263	9	t	t	PROPN
fsr-3856	263	10	5	5	NUM
fsr-3856	263	11	212	212	NUM
fsr-3856	263	12	.	.	PUNCT
fsr-3856	264	1	numbers	number	NOUN
fsr-3856	264	2	in	in	ADP
fsr-3856	264	3	parentheses	parenthesis	NOUN
fsr-3856	264	4	are	be	AUX
fsr-3856	264	5	t	t	NOUN
fsr-3856	264	6	-	-	PUNCT
fsr-3856	264	7	statistics	statistic	NOUN
fsr-3856	264	8	.	.	PUNCT
fsr-3856	265	1	*	*	PUNCT
fsr-3856	265	2	*	*	PUNCT
fsr-3856	265	3	significant	significant	ADJ
fsr-3856	265	4	at	at	ADP
fsr-3856	265	5	the	the	DET
fsr-3856	265	6	1	1	NUM
fsr-3856	265	7	percent	percent	NOUN
fsr-3856	265	8	level	level	NOUN
fsr-3856	265	9	.	.	PUNCT
fsr-3856	266	1	*	*	PUNCT
fsr-3856	266	2	significant	significant	ADJ
fsr-3856	266	3	at	at	ADP
fsr-3856	266	4	the	the	DET
fsr-3856	266	5	5	5	NUM
fsr-3856	266	6	percent	percent	NOUN
fsr-3856	266	7	level	level	NOUN
fsr-3856	266	8	.	.	PUNCT
fsr-3856	267	1	157d.l	157d.l	X
fsr-3856	267	2	.	.	PUNCT
fsr-3856	268	1	domian	domian	PROPN
fsr-3856	268	2	et	et	PROPN
fsr-3856	268	3	al	al	PROPN
fsr-3856	268	4	.	.	PUNCT
fsr-3856	268	5	/	/	SYM
fsr-3856	268	6	financial	financial	ADJ
fsr-3856	268	7	services	service	NOUN
fsr-3856	268	8	review	review	VERB
fsr-3856	268	9	7	7	NUM
fsr-3856	268	10	(	(	PUNCT
fsr-3856	268	11	1998	1998	NUM
fsr-3856	268	12	)	)	PUNCT
fsr-3856	268	13	145–159	145–159	NUM
fsr-3856	268	14	postformation	postformation	NOUN
fsr-3856	268	15	period	period	NOUN
fsr-3856	268	16	.	.	PUNCT
fsr-3856	269	1	in	in	ADP
fsr-3856	269	2	contrast	contrast	NOUN
fsr-3856	269	3	,	,	PUNCT
fsr-3856	269	4	the	the	DET
fsr-3856	269	5	post	post	ADJ
fsr-3856	269	6	-	-	ADJ
fsr-3856	269	7	crash	crash	ADJ
fsr-3856	269	8	results	result	NOUN
fsr-3856	269	9	exhibit	exhibit	VERB
fsr-3856	269	10	greater	great	ADJ
fsr-3856	269	11	variability	variability	NOUN
fsr-3856	269	12	,	,	PUNCT
fsr-3856	269	13	perhaps	perhaps	ADV
fsr-3856	269	14	due	due	ADJ
fsr-3856	269	15	in	in	ADP
fsr-3856	269	16	part	part	NOUN
fsr-3856	269	17	to	to	ADP
fsr-3856	269	18	the	the	DET
fsr-3856	269	19	shorter	short	ADJ
fsr-3856	269	20	sample	sample	NOUN
fsr-3856	269	21	period	period	NOUN
fsr-3856	269	22	.	.	PUNCT
fsr-3856	270	1	over	over	ADP
fsr-3856	270	2	1989–1997	1989–1997	NUM
fsr-3856	270	3	,	,	PUNCT
fsr-3856	270	4	high	high	ADJ
fsr-3856	270	5	-	-	PUNCT
fsr-3856	270	6	yield	yield	NOUN
fsr-3856	270	7	stocks	stock	NOUN
fsr-3856	270	8	have	have	VERB
fsr-3856	270	9	small	small	ADJ
fsr-3856	270	10	excess	excess	ADJ
fsr-3856	270	11	returns	return	NOUN
fsr-3856	270	12	during	during	ADP
fsr-3856	270	13	the	the	DET
fsr-3856	270	14	first	first	ADJ
fsr-3856	270	15	three	three	NUM
fsr-3856	270	16	months	month	NOUN
fsr-3856	270	17	,	,	PUNCT
fsr-3856	270	18	but	but	CCONJ
fsr-3856	270	19	then	then	ADV
fsr-3856	270	20	drop	drop	VERB
fsr-3856	270	21	back	back	ADV
fsr-3856	270	22	.	.	PUNCT
fsr-3856	271	1	thus	thus	ADV
fsr-3856	271	2	,	,	PUNCT
fsr-3856	271	3	during	during	ADP
fsr-3856	271	4	the	the	DET
fsr-3856	271	5	years	year	NOUN
fsr-3856	271	6	in	in	ADP
fsr-3856	271	7	which	which	PRON
fsr-3856	271	8	the	the	DET
fsr-3856	271	9	dds	dds	PROPN
fsr-3856	271	10	was	be	AUX
fsr-3856	271	11	becoming	become	VERB
fsr-3856	271	12	popular	popular	ADJ
fsr-3856	271	13	,	,	PUNCT
fsr-3856	271	14	the	the	DET
fsr-3856	271	15	strategy	strategy	NOUN
fsr-3856	271	16	itself	itself	PRON
fsr-3856	271	17	was	be	AUX
fsr-3856	271	18	no	no	ADV
fsr-3856	271	19	longer	long	ADV
fsr-3856	271	20	successful	successful	ADJ
fsr-3856	271	21	.	.	PUNCT
fsr-3856	272	1	this	this	DET
fsr-3856	272	2	study	study	NOUN
fsr-3856	272	3	did	do	AUX
fsr-3856	272	4	not	not	PART
fsr-3856	272	5	consider	consider	VERB
fsr-3856	272	6	the	the	DET
fsr-3856	272	7	risk	risk	NOUN
fsr-3856	272	8	characteristics	characteristic	NOUN
fsr-3856	272	9	of	of	ADP
fsr-3856	272	10	the	the	DET
fsr-3856	272	11	high	high	ADJ
fsr-3856	272	12	and	and	CCONJ
fsr-3856	272	13	low	low	ADJ
fsr-3856	272	14	yield	yield	NOUN
fsr-3856	272	15	portfolios	portfolio	NOUN
fsr-3856	272	16	.	.	PUNCT
fsr-3856	273	1	however	however	ADV
fsr-3856	273	2	,	,	PUNCT
fsr-3856	273	3	as	as	SCONJ
fsr-3856	273	4	noted	note	VERB
fsr-3856	273	5	in	in	ADP
fsr-3856	273	6	section	section	NOUN
fsr-3856	273	7	2	2	NUM
fsr-3856	273	8	above	above	ADV
fsr-3856	273	9	,	,	PUNCT
fsr-3856	273	10	de	de	X
fsr-3856	273	11	bondt	bondt	NOUN
fsr-3856	273	12	and	and	CCONJ
fsr-3856	273	13	thaler	thaler	PROPN
fsr-3856	273	14	(	(	PUNCT
fsr-3856	273	15	1987	1987	NUM
fsr-3856	273	16	)	)	PUNCT
fsr-3856	273	17	find	find	VERB
fsr-3856	273	18	that	that	SCONJ
fsr-3856	273	19	the	the	DET
fsr-3856	273	20	winner	winner	NOUN
fsr-3856	273	21	-	-	PUNCT
fsr-3856	273	22	loser	loser	NOUN
fsr-3856	273	23	effect	effect	NOUN
fsr-3856	273	24	can	can	AUX
fsr-3856	273	25	not	not	PART
fsr-3856	273	26	be	be	AUX
fsr-3856	273	27	attributed	attribute	VERB
fsr-3856	273	28	to	to	ADP
fsr-3856	273	29	changes	change	NOUN
fsr-3856	273	30	in	in	ADP
fsr-3856	273	31	risk	risk	NOUN
fsr-3856	273	32	as	as	SCONJ
fsr-3856	273	33	measured	measure	VERB
fsr-3856	273	34	by	by	ADP
fsr-3856	273	35	capm	capm	PROPN
fsr-3856	273	36	betas	beta	NOUN
fsr-3856	273	37	.	.	PUNCT
fsr-3856	274	1	they	they	PRON
fsr-3856	274	2	also	also	ADV
fsr-3856	274	3	find	find	VERB
fsr-3856	274	4	that	that	SCONJ
fsr-3856	274	5	the	the	DET
fsr-3856	274	6	winner	winner	NOUN
fsr-3856	274	7	-	-	PUNCT
fsr-3856	274	8	loser	loser	NOUN
fsr-3856	274	9	effect	effect	NOUN
fsr-3856	274	10	is	be	AUX
fsr-3856	274	11	not	not	PART
fsr-3856	274	12	primarily	primarily	ADV
fsr-3856	274	13	a	a	DET
fsr-3856	274	14	size	size	NOUN
fsr-3856	274	15	effect	effect	NOUN
fsr-3856	274	16	;	;	PUNCT
fsr-3856	274	17	there	there	PRON
fsr-3856	274	18	is	be	VERB
fsr-3856	274	19	no	no	DET
fsr-3856	274	20	small	small	ADJ
fsr-3856	274	21	firm	firm	ADJ
fsr-3856	274	22	effect	effect	NOUN
fsr-3856	274	23	in	in	ADP
fsr-3856	274	24	our	our	PRON
fsr-3856	274	25	study	study	NOUN
fsr-3856	274	26	since	since	SCONJ
fsr-3856	274	27	dow	dow	PROPN
fsr-3856	274	28	stocks	stock	NOUN
fsr-3856	274	29	are	be	AUX
fsr-3856	274	30	typically	typically	ADV
fsr-3856	274	31	among	among	ADP
fsr-3856	274	32	the	the	DET
fsr-3856	274	33	largest	large	ADJ
fsr-3856	274	34	firms	firm	NOUN
fsr-3856	274	35	.	.	PUNCT
fsr-3856	275	1	there	there	PRON
fsr-3856	275	2	remains	remain	VERB
fsr-3856	275	3	the	the	DET
fsr-3856	275	4	possibility	possibility	NOUN
fsr-3856	275	5	that	that	SCONJ
fsr-3856	275	6	the	the	DET
fsr-3856	275	7	dow	dow	PROPN
fsr-3856	275	8	dividend	dividend	NOUN
fsr-3856	275	9	strategy	strategy	NOUN
fsr-3856	275	10	,	,	PUNCT
fsr-3856	275	11	and	and	CCONJ
fsr-3856	275	12	even	even	ADV
fsr-3856	275	13	the	the	DET
fsr-3856	275	14	entire	entire	ADJ
fsr-3856	275	15	market	market	NOUN
fsr-3856	275	16	overreaction	overreaction	NOUN
fsr-3856	275	17	literature	literature	NOUN
fsr-3856	275	18	,	,	PUNCT
fsr-3856	275	19	reflects	reflect	VERB
fsr-3856	275	20	nothing	nothing	PRON
fsr-3856	275	21	more	more	ADJ
fsr-3856	275	22	than	than	ADP
fsr-3856	275	23	data	datum	NOUN
fsr-3856	275	24	mining	mining	NOUN
fsr-3856	275	25	.	.	PUNCT
fsr-3856	276	1	according	accord	VERB
fsr-3856	276	2	to	to	ADP
fsr-3856	276	3	fischer	fischer	PROPN
fsr-3856	276	4	black	black	PROPN
fsr-3856	276	5	,	,	PUNCT
fsr-3856	276	6	“	"	PUNCT
fsr-3856	276	7	most	most	ADJ
fsr-3856	276	8	of	of	ADP
fsr-3856	276	9	the	the	DET
fsr-3856	276	10	so	so	ADV
fsr-3856	276	11	-	-	PUNCT
fsr-3856	276	12	called	call	VERB
fsr-3856	276	13	anomalies	anomaly	NOUN
fsr-3856	276	14	that	that	PRON
fsr-3856	276	15	have	have	AUX
fsr-3856	276	16	plagued	plague	VERB
fsr-3856	276	17	the	the	DET
fsr-3856	276	18	literature	literature	NOUN
fsr-3856	276	19	on	on	ADP
fsr-3856	276	20	investments	investment	NOUN
fsr-3856	276	21	seem	seem	VERB
fsr-3856	276	22	likely	likely	ADJ
fsr-3856	276	23	to	to	PART
fsr-3856	276	24	be	be	AUX
fsr-3856	276	25	the	the	DET
fsr-3856	276	26	result	result	NOUN
fsr-3856	276	27	of	of	ADP
fsr-3856	276	28	data	data	NOUN
fsr-3856	276	29	mining	mining	NOUN
fsr-3856	276	30	”	"	PUNCT
fsr-3856	276	31	(	(	PUNCT
fsr-3856	276	32	black	black	ADJ
fsr-3856	276	33	,	,	PUNCT
fsr-3856	276	34	1993	1993	NUM
fsr-3856	276	35	,	,	PUNCT
fsr-3856	276	36	p.	p.	NOUN
fsr-3856	276	37	9	9	NUM
fsr-3856	276	38	)	)	PUNCT
fsr-3856	276	39	.	.	PUNCT
fsr-3856	277	1	fama	fama	PROPN
fsr-3856	277	2	(	(	PUNCT
fsr-3856	277	3	1998	1998	NUM
fsr-3856	277	4	)	)	PUNCT
fsr-3856	277	5	observes	observe	VERB
fsr-3856	277	6	that	that	SCONJ
fsr-3856	277	7	some	some	DET
fsr-3856	277	8	anomalies	anomaly	NOUN
fsr-3856	277	9	are	be	AUX
fsr-3856	277	10	overreactions	overreaction	NOUN
fsr-3856	277	11	while	while	SCONJ
fsr-3856	277	12	others	other	NOUN
fsr-3856	277	13	are	be	AUX
fsr-3856	277	14	underreactions	underreaction	NOUN
fsr-3856	277	15	,	,	PUNCT
fsr-3856	277	16	and	and	CCONJ
fsr-3856	277	17	the	the	DET
fsr-3856	277	18	approximately	approximately	ADV
fsr-3856	277	19	equal	equal	ADJ
fsr-3856	277	20	split	split	NOUN
fsr-3856	277	21	between	between	ADP
fsr-3856	277	22	the	the	DET
fsr-3856	277	23	two	two	NUM
fsr-3856	277	24	is	be	AUX
fsr-3856	277	25	consistent	consistent	ADJ
fsr-3856	277	26	with	with	ADP
fsr-3856	277	27	market	market	NOUN
fsr-3856	277	28	efficiency	efficiency	NOUN
fsr-3856	277	29	.	.	PUNCT
fsr-3856	278	1	furthermore	furthermore	ADV
fsr-3856	278	2	,	,	PUNCT
fsr-3856	278	3	fama	fama	PROPN
fsr-3856	278	4	claims	claim	VERB
fsr-3856	278	5	that	that	SCONJ
fsr-3856	278	6	both	both	DET
fsr-3856	278	7	types	type	NOUN
fsr-3856	278	8	of	of	ADP
fsr-3856	278	9	anomalies	anomaly	NOUN
fsr-3856	278	10	usually	usually	ADV
fsr-3856	278	11	vanish	vanish	VERB
fsr-3856	278	12	when	when	SCONJ
fsr-3856	278	13	different	different	ADJ
fsr-3856	278	14	methodologies	methodology	NOUN
fsr-3856	278	15	are	be	AUX
fsr-3856	278	16	adopted	adopt	VERB
fsr-3856	278	17	.	.	PUNCT
fsr-3856	279	1	in	in	ADP
fsr-3856	279	2	light	light	NOUN
fsr-3856	279	3	of	of	ADP
fsr-3856	279	4	fig	fig	NOUN
fsr-3856	279	5	.	.	PUNCT
fsr-3856	280	1	3	3	X
fsr-3856	280	2	.	.	NOUN
fsr-3856	280	3	cumulative	cumulative	ADJ
fsr-3856	280	4	residuals	residual	NOUN
fsr-3856	280	5	for	for	ADP
fsr-3856	280	6	1989–1997	1989–1997	NUM
fsr-3856	280	7	,	,	PUNCT
fsr-3856	280	8	post	post	ADJ
fsr-3856	280	9	-	-	ADJ
fsr-3856	280	10	crash	crash	ADJ
fsr-3856	280	11	period	period	NOUN
fsr-3856	280	12	.	.	PUNCT
fsr-3856	281	1	158	158	NUM
fsr-3856	281	2	d.l	d.l	PROPN
fsr-3856	281	3	.	.	PROPN
fsr-3856	281	4	domian	domian	PROPN
fsr-3856	281	5	et	et	PROPN
fsr-3856	281	6	al	al	PROPN
fsr-3856	281	7	.	.	PUNCT
fsr-3856	281	8	/	/	SYM
fsr-3856	281	9	financial	financial	ADJ
fsr-3856	281	10	services	service	NOUN
fsr-3856	281	11	review	review	VERB
fsr-3856	281	12	7	7	NUM
fsr-3856	281	13	(	(	PUNCT
fsr-3856	281	14	1998	1998	NUM
fsr-3856	281	15	)	)	PUNCT
fsr-3856	282	1	145–159	145–159	NUM
fsr-3856	282	2	these	these	DET
fsr-3856	282	3	concerns	concern	NOUN
fsr-3856	282	4	,	,	PUNCT
fsr-3856	282	5	the	the	DET
fsr-3856	282	6	best	good	ADJ
fsr-3856	282	7	investment	investment	NOUN
fsr-3856	282	8	strategy	strategy	NOUN
fsr-3856	282	9	may	may	AUX
fsr-3856	282	10	be	be	AUX
fsr-3856	282	11	the	the	DET
fsr-3856	282	12	simplest	simple	ADJ
fsr-3856	282	13	—	—	PUNCT
fsr-3856	282	14	buy	buy	VERB
fsr-3856	282	15	and	and	CCONJ
fsr-3856	282	16	hold	hold	VERB
fsr-3856	282	17	a	a	DET
fsr-3856	282	18	welldiversified	welldiversified	ADJ
fsr-3856	282	19	portfolio	portfolio	NOUN
fsr-3856	282	20	.	.	PUNCT
fsr-3856	283	1	references	reference	NOUN
fsr-3856	283	2	ball	ball	PROPN
fsr-3856	283	3	,	,	PUNCT
fsr-3856	283	4	r.	r.	PROPN
fsr-3856	283	5	,	,	PUNCT
fsr-3856	283	6	kothari	kothari	PROPN
fsr-3856	283	7	,	,	PUNCT
fsr-3856	283	8	s.	s.	PROPN
fsr-3856	283	9	,	,	PUNCT
fsr-3856	283	10	&	&	CCONJ
fsr-3856	283	11	shanken	shanken	PROPN
fsr-3856	283	12	,	,	PUNCT
fsr-3856	283	13	j.	j.	PROPN
fsr-3856	283	14	(	(	PUNCT
fsr-3856	283	15	1995	1995	NUM
fsr-3856	283	16	)	)	PUNCT
fsr-3856	283	17	.	.	PUNCT
fsr-3856	284	1	problems	problem	NOUN
fsr-3856	284	2	in	in	ADP
fsr-3856	284	3	measuring	measure	VERB
fsr-3856	284	4	portfolio	portfolio	NOUN
fsr-3856	284	5	performance	performance	NOUN
fsr-3856	284	6	:	:	PUNCT
fsr-3856	284	7	an	an	DET
fsr-3856	284	8	application	application	NOUN
fsr-3856	284	9	to	to	ADP
fsr-3856	284	10	contrarian	contrarian	ADJ
fsr-3856	284	11	investment	investment	NOUN
fsr-3856	284	12	strategies.journal	strategies.journal	ADJ
fsr-3856	284	13	of	of	ADP
fsr-3856	284	14	financial	financial	ADJ
fsr-3856	284	15	economics	economic	NOUN
fsr-3856	284	16	38	38	NUM
fsr-3856	284	17	,	,	PUNCT
fsr-3856	284	18	79–107	79–107	PROPN
fsr-3856	284	19	.	.	PUNCT
fsr-3856	285	1	black	black	PROPN
fsr-3856	285	2	,	,	PUNCT
fsr-3856	285	3	f.	f.	PROPN
fsr-3856	285	4	(	(	PUNCT
fsr-3856	285	5	1976	1976	NUM
fsr-3856	285	6	)	)	PUNCT
fsr-3856	285	7	.	.	PUNCT
fsr-3856	286	1	the	the	DET
fsr-3856	286	2	dividend	dividend	NOUN
fsr-3856	286	3	puzzle.journal	puzzle.journal	PROPN
fsr-3856	286	4	of	of	ADP
fsr-3856	286	5	portfolio	portfolio	NOUN
fsr-3856	286	6	management	management	NOUN
fsr-3856	286	7	2	2	NUM
fsr-3856	286	8	,	,	PUNCT
fsr-3856	286	9	5–8	5–8	PROPN
fsr-3856	286	10	.	.	NOUN
fsr-3856	286	11	black	black	PROPN
fsr-3856	286	12	,	,	PUNCT
fsr-3856	286	13	f.	f.	PROPN
fsr-3856	286	14	(	(	PUNCT
fsr-3856	286	15	1993	1993	NUM
fsr-3856	286	16	)	)	PUNCT
fsr-3856	286	17	.	.	PUNCT
fsr-3856	287	1	beta	beta	NOUN
fsr-3856	287	2	and	and	CCONJ
fsr-3856	287	3	return.journal	return.journal	ADJ
fsr-3856	287	4	of	of	ADP
fsr-3856	287	5	portfolio	portfolio	NOUN
fsr-3856	287	6	management	management	NOUN
fsr-3856	287	7	20	20	NUM
fsr-3856	287	8	,	,	PUNCT
fsr-3856	287	9	8–18	8–18	NUM
fsr-3856	287	10	.	.	PUNCT
fsr-3856	288	1	black	black	PROPN
fsr-3856	288	2	,	,	PUNCT
fsr-3856	288	3	f.	f.	PROPN
fsr-3856	288	4	,	,	PUNCT
fsr-3856	288	5	&	&	CCONJ
fsr-3856	288	6	scholes	scholes	PROPN
fsr-3856	288	7	,	,	PUNCT
fsr-3856	288	8	m.	m.	NOUN
fsr-3856	288	9	(	(	PUNCT
fsr-3856	288	10	1974	1974	NUM
fsr-3856	288	11	)	)	PUNCT
fsr-3856	288	12	.	.	PUNCT
fsr-3856	289	1	the	the	DET
fsr-3856	289	2	effects	effect	NOUN
fsr-3856	289	3	of	of	ADP
fsr-3856	289	4	dividend	dividend	NOUN
fsr-3856	289	5	yield	yield	NOUN
fsr-3856	289	6	and	and	CCONJ
fsr-3856	289	7	dividend	dividend	NOUN
fsr-3856	289	8	policy	policy	NOUN
fsr-3856	289	9	on	on	ADP
fsr-3856	289	10	common	common	ADJ
fsr-3856	289	11	stocks	stock	NOUN
fsr-3856	289	12	and	and	CCONJ
fsr-3856	289	13	returns	return	NOUN
fsr-3856	289	14	.	.	PUNCT
fsr-3856	290	1	journal	journal	NOUN
fsr-3856	290	2	of	of	ADP
fsr-3856	290	3	financial	financial	ADJ
fsr-3856	290	4	economics	economic	NOUN
fsr-3856	290	5	1	1	NUM
fsr-3856	290	6	,	,	PUNCT
fsr-3856	290	7	1–22	1–22	NOUN
fsr-3856	290	8	.	.	PUNCT
fsr-3856	291	1	blume	blume	PROPN
fsr-3856	291	2	,	,	PUNCT
fsr-3856	291	3	m.	m.	NOUN
fsr-3856	291	4	(	(	PUNCT
fsr-3856	291	5	1980	1980	NUM
fsr-3856	291	6	)	)	PUNCT
fsr-3856	291	7	.	.	PUNCT
fsr-3856	292	1	stock	stock	NOUN
fsr-3856	292	2	returns	return	NOUN
fsr-3856	292	3	and	and	CCONJ
fsr-3856	292	4	dividend	dividend	NOUN
fsr-3856	292	5	yields	yield	NOUN
fsr-3856	292	6	:	:	PUNCT
fsr-3856	292	7	some	some	PRON
fsr-3856	292	8	more	more	ADJ
fsr-3856	292	9	evidence.review	evidence.review	NOUN
fsr-3856	292	10	of	of	ADP
fsr-3856	292	11	economics	economic	NOUN
fsr-3856	292	12	and	and	CCONJ
fsr-3856	292	13	statistics	statistic	NOUN
fsr-3856	292	14	62	62	NUM
fsr-3856	292	15	,	,	PUNCT
fsr-3856	292	16	567–577	567–577	NUM
fsr-3856	292	17	.	.	PUNCT
fsr-3856	293	1	brown	brown	PROPN
fsr-3856	293	2	,	,	PUNCT
fsr-3856	293	3	k.	k.	PROPN
fsr-3856	293	4	,	,	PUNCT
fsr-3856	293	5	harlow	harlow	PROPN
fsr-3856	293	6	,	,	PUNCT
fsr-3856	293	7	w.	w.	PROPN
fsr-3856	293	8	v.	v.	PROPN
fsr-3856	293	9	,	,	PUNCT
fsr-3856	293	10	&	&	CCONJ
fsr-3856	293	11	tinic	tinic	PROPN
fsr-3856	293	12	,	,	PUNCT
fsr-3856	293	13	s.	s.	PROPN
fsr-3856	293	14	(	(	PUNCT
fsr-3856	293	15	1988	1988	NUM
fsr-3856	293	16	)	)	PUNCT
fsr-3856	293	17	.	.	PUNCT
fsr-3856	294	1	risk	risk	NOUN
fsr-3856	294	2	aversion	aversion	NOUN
fsr-3856	294	3	,	,	PUNCT
fsr-3856	294	4	uncertain	uncertain	ADJ
fsr-3856	294	5	information	information	NOUN
fsr-3856	294	6	,	,	PUNCT
fsr-3856	294	7	and	and	CCONJ
fsr-3856	294	8	market	market	NOUN
fsr-3856	294	9	efficiency	efficiency	NOUN
fsr-3856	294	10	.	.	PUNCT
fsr-3856	295	1	journal	journal	NOUN
fsr-3856	295	2	of	of	ADP
fsr-3856	295	3	financial	financial	ADJ
fsr-3856	295	4	economics	economic	NOUN
fsr-3856	295	5	22	22	NUM
fsr-3856	295	6	,	,	PUNCT
fsr-3856	295	7	355–386	355–386	NUM
fsr-3856	295	8	.	.	PUNCT
fsr-3856	296	1	chopra	chopra	PROPN
fsr-3856	296	2	,	,	PUNCT
fsr-3856	296	3	n.	n.	PROPN
fsr-3856	296	4	,	,	PUNCT
fsr-3856	296	5	lakonishok	lakonishok	PROPN
fsr-3856	296	6	,	,	PUNCT
fsr-3856	296	7	j.	j.	PROPN
fsr-3856	296	8	,	,	PUNCT
fsr-3856	296	9	&	&	CCONJ
fsr-3856	296	10	ritter	ritter	PROPN
fsr-3856	296	11	,	,	PUNCT
fsr-3856	296	12	j.	j.	PROPN
fsr-3856	296	13	(	(	PUNCT
fsr-3856	296	14	1992	1992	NUM
fsr-3856	296	15	)	)	PUNCT
fsr-3856	296	16	.	.	PUNCT
fsr-3856	297	1	measuring	measure	VERB
fsr-3856	297	2	abnormal	abnormal	ADJ
fsr-3856	297	3	performance	performance	NOUN
fsr-3856	297	4	:	:	PUNCT
fsr-3856	297	5	do	do	VERB
fsr-3856	297	6	stocks	stock	NOUN
fsr-3856	297	7	overreact?journal	overreact?journal	ADJ
fsr-3856	297	8	of	of	ADP
fsr-3856	297	9	financial	financial	ADJ
fsr-3856	297	10	economics	economic	NOUN
fsr-3856	297	11	31	31	NUM
fsr-3856	297	12	,	,	PUNCT
fsr-3856	297	13	235–268	235–268	NUM
fsr-3856	297	14	.	.	PUNCT
fsr-3856	298	1	christie	christie	PROPN
fsr-3856	298	2	,	,	PUNCT
fsr-3856	298	3	w.	w.	PROPN
fsr-3856	298	4	(	(	PUNCT
fsr-3856	298	5	1990	1990	NUM
fsr-3856	298	6	)	)	PUNCT
fsr-3856	298	7	.	.	PUNCT
fsr-3856	299	1	dividend	dividend	NOUN
fsr-3856	299	2	yield	yield	NOUN
fsr-3856	299	3	and	and	CCONJ
fsr-3856	299	4	expected	expect	VERB
fsr-3856	299	5	returns	return	NOUN
fsr-3856	299	6	:	:	PUNCT
fsr-3856	299	7	the	the	DET
fsr-3856	299	8	zero	zero	NUM
fsr-3856	299	9	-	-	PUNCT
fsr-3856	299	10	dividend	dividend	NOUN
fsr-3856	299	11	puzzle.journal	puzzle.journal	NOUN
fsr-3856	299	12	of	of	ADP
fsr-3856	299	13	financial	financial	ADJ
fsr-3856	299	14	economics	economic	NOUN
fsr-3856	299	15	28	28	NUM
fsr-3856	299	16	,	,	PUNCT
fsr-3856	299	17	95–126	95–126	PROPN
fsr-3856	299	18	.	.	PUNCT
fsr-3856	299	19	conrad	conrad	PROPN
fsr-3856	299	20	,	,	PUNCT
fsr-3856	299	21	j.	j.	PROPN
fsr-3856	299	22	,	,	PUNCT
fsr-3856	299	23	&	&	CCONJ
fsr-3856	299	24	kaul	kaul	PROPN
fsr-3856	299	25	,	,	PUNCT
fsr-3856	299	26	g.	g.	PROPN
fsr-3856	299	27	(	(	PUNCT
fsr-3856	299	28	1993	1993	NUM
fsr-3856	299	29	)	)	PUNCT
fsr-3856	299	30	.	.	PUNCT
fsr-3856	300	1	long	long	ADJ
fsr-3856	300	2	-	-	PUNCT
fsr-3856	300	3	term	term	NOUN
fsr-3856	300	4	market	market	NOUN
fsr-3856	300	5	overreaction	overreaction	NOUN
fsr-3856	300	6	or	or	CCONJ
fsr-3856	300	7	biases	bias	NOUN
fsr-3856	300	8	in	in	ADP
fsr-3856	300	9	computed	computed	ADJ
fsr-3856	300	10	returns?journal	returns?journal	PROPN
fsr-3856	300	11	of	of	ADP
fsr-3856	300	12	finance	finance	NOUN
fsr-3856	300	13	48	48	NUM
fsr-3856	300	14	,	,	PUNCT
fsr-3856	300	15	39–63	39–63	NUM
fsr-3856	300	16	.	.	PUNCT
fsr-3856	300	17	de	de	PROPN
fsr-3856	300	18	bondt	bondt	PROPN
fsr-3856	300	19	,	,	PUNCT
fsr-3856	300	20	w.	w.	PROPN
fsr-3856	300	21	,	,	PUNCT
fsr-3856	300	22	&	&	CCONJ
fsr-3856	300	23	thaler	thaler	PROPN
fsr-3856	300	24	,	,	PUNCT
fsr-3856	300	25	r.	r.	PROPN
fsr-3856	300	26	(	(	PUNCT
fsr-3856	300	27	1985	1985	NUM
fsr-3856	300	28	)	)	PUNCT
fsr-3856	300	29	.	.	PUNCT
fsr-3856	301	1	does	do	AUX
fsr-3856	301	2	the	the	DET
fsr-3856	301	3	stock	stock	NOUN
fsr-3856	301	4	market	market	NOUN
fsr-3856	301	5	overreact?journal	overreact?journal	ADJ
fsr-3856	301	6	of	of	ADP
fsr-3856	301	7	finance	finance	NOUN
fsr-3856	301	8	40	40	NUM
fsr-3856	301	9	,	,	PUNCT
fsr-3856	301	10	793–808	793–808	NUM
fsr-3856	301	11	.	.	PUNCT
fsr-3856	302	1	de	de	PROPN
fsr-3856	302	2	bondt	bondt	PROPN
fsr-3856	302	3	,	,	PUNCT
fsr-3856	302	4	w.	w.	PROPN
fsr-3856	302	5	,	,	PUNCT
fsr-3856	302	6	&	&	CCONJ
fsr-3856	302	7	thaler	thaler	PROPN
fsr-3856	302	8	,	,	PUNCT
fsr-3856	302	9	r.	r.	PROPN
fsr-3856	302	10	(	(	PUNCT
fsr-3856	302	11	1987	1987	NUM
fsr-3856	302	12	)	)	PUNCT
fsr-3856	302	13	.	.	PUNCT
fsr-3856	303	1	further	further	ADJ
fsr-3856	303	2	evidence	evidence	NOUN
fsr-3856	303	3	on	on	ADP
fsr-3856	303	4	investor	investor	NOUN
fsr-3856	303	5	overreaction	overreaction	NOUN
fsr-3856	303	6	and	and	CCONJ
fsr-3856	303	7	stock	stock	NOUN
fsr-3856	303	8	market	market	NOUN
fsr-3856	303	9	seasonality	seasonality	NOUN
fsr-3856	303	10	.	.	PUNCT
fsr-3856	304	1	journal	journal	PROPN
fsr-3856	304	2	of	of	ADP
fsr-3856	304	3	finance	finance	PROPN
fsr-3856	304	4	42	42	NUM
fsr-3856	304	5	,	,	PUNCT
fsr-3856	304	6	557–581	557–581	NUM
fsr-3856	304	7	.	.	PUNCT
fsr-3856	305	1	elton	elton	PROPN
fsr-3856	305	2	,	,	PUNCT
fsr-3856	305	3	e.	e.	PROPN
fsr-3856	305	4	,	,	PUNCT
fsr-3856	305	5	&	&	CCONJ
fsr-3856	305	6	gruber	gruber	PROPN
fsr-3856	305	7	,	,	PUNCT
fsr-3856	305	8	m.	m.	NOUN
fsr-3856	305	9	(	(	PUNCT
fsr-3856	305	10	1970	1970	NUM
fsr-3856	305	11	)	)	PUNCT
fsr-3856	305	12	.	.	PUNCT
fsr-3856	306	1	marginal	marginal	ADJ
fsr-3856	306	2	stockholder	stockholder	NOUN
fsr-3856	306	3	tax	tax	NOUN
fsr-3856	306	4	rates	rate	NOUN
fsr-3856	306	5	and	and	CCONJ
fsr-3856	306	6	the	the	DET
fsr-3856	306	7	clientele	clientele	PROPN
fsr-3856	306	8	effect.review	effect.review	PROPN
fsr-3856	306	9	of	of	ADP
fsr-3856	306	10	economics	economic	NOUN
fsr-3856	306	11	and	and	CCONJ
fsr-3856	306	12	statistics	statistic	NOUN
fsr-3856	306	13	52	52	NUM
fsr-3856	306	14	,	,	PUNCT
fsr-3856	306	15	68–74	68–74	NUM
fsr-3856	306	16	.	.	PUNCT
fsr-3856	306	17	fama	fama	PROPN
fsr-3856	306	18	,	,	PUNCT
fsr-3856	306	19	e.	e.	PROPN
fsr-3856	306	20	(	(	PUNCT
fsr-3856	306	21	1998	1998	NUM
fsr-3856	306	22	)	)	PUNCT
fsr-3856	306	23	.	.	PUNCT
fsr-3856	307	1	market	market	NOUN
fsr-3856	307	2	efficiency	efficiency	NOUN
fsr-3856	307	3	,	,	PUNCT
fsr-3856	307	4	long	long	ADJ
fsr-3856	307	5	term	term	NOUN
fsr-3856	307	6	returns	return	NOUN
fsr-3856	307	7	,	,	PUNCT
fsr-3856	307	8	and	and	CCONJ
fsr-3856	307	9	behavioral	behavioral	ADJ
fsr-3856	307	10	finance.journal	finance.journal	ADJ
fsr-3856	307	11	of	of	ADP
fsr-3856	307	12	financial	financial	ADJ
fsr-3856	307	13	economics	economic	NOUN
fsr-3856	307	14	49	49	NUM
fsr-3856	307	15	,	,	PUNCT
fsr-3856	307	16	283–306	283–306	NUM
fsr-3856	307	17	.	.	PUNCT
fsr-3856	308	1	jegadeesh	jegadeesh	NOUN
fsr-3856	308	2	,	,	PUNCT
fsr-3856	308	3	n.	n.	NOUN
fsr-3856	308	4	,	,	PUNCT
fsr-3856	308	5	&	&	CCONJ
fsr-3856	308	6	titman	titman	PROPN
fsr-3856	308	7	,	,	PUNCT
fsr-3856	308	8	s.	s.	PROPN
fsr-3856	308	9	(	(	PUNCT
fsr-3856	308	10	1995	1995	NUM
fsr-3856	308	11	)	)	PUNCT
fsr-3856	308	12	.	.	PUNCT
fsr-3856	309	1	overreaction	overreaction	NOUN
fsr-3856	309	2	,	,	PUNCT
fsr-3856	309	3	delayed	delay	VERB
fsr-3856	309	4	reaction	reaction	NOUN
fsr-3856	309	5	,	,	PUNCT
fsr-3856	309	6	and	and	CCONJ
fsr-3856	309	7	contrarian	contrarian	ADJ
fsr-3856	309	8	profits.review	profits.review	NOUN
fsr-3856	309	9	of	of	ADP
fsr-3856	309	10	financial	financial	ADJ
fsr-3856	309	11	studies	study	NOUN
fsr-3856	309	12	8	8	NUM
fsr-3856	309	13	,	,	PUNCT
fsr-3856	309	14	973–993	973–993	NUM
fsr-3856	309	15	.	.	PUNCT
fsr-3856	310	1	knowles	knowles	PROPN
fsr-3856	310	2	,	,	PUNCT
fsr-3856	310	3	h.	h.	PROPN
fsr-3856	310	4	,	,	PUNCT
fsr-3856	310	5	&	&	CCONJ
fsr-3856	310	6	petty	petty	PROPN
fsr-3856	310	7	,	,	PUNCT
fsr-3856	310	8	d.	d.	PROPN
fsr-3856	310	9	(	(	PUNCT
fsr-3856	310	10	1992).the	1992).the	DET
fsr-3856	310	11	dividend	dividend	NOUN
fsr-3856	310	12	investor	investor	NOUN
fsr-3856	310	13	.	.	PUNCT
fsr-3856	311	1	chicago	chicago	PROPN
fsr-3856	311	2	:	:	PUNCT
fsr-3856	312	1	probus	probus	PROPN
fsr-3856	312	2	publishing	publishing	PROPN
fsr-3856	312	3	co.	co.	PROPN
fsr-3856	312	4	litzenberger	litzenberger	NOUN
fsr-3856	312	5	,	,	PUNCT
fsr-3856	312	6	r.	r.	PROPN
fsr-3856	312	7	,	,	PUNCT
fsr-3856	312	8	&	&	CCONJ
fsr-3856	312	9	ramaswamy	ramaswamy	PROPN
fsr-3856	312	10	,	,	PUNCT
fsr-3856	312	11	k.	k.	PROPN
fsr-3856	312	12	(	(	PUNCT
fsr-3856	312	13	1979	1979	NUM
fsr-3856	312	14	)	)	PUNCT
fsr-3856	312	15	.	.	PUNCT
fsr-3856	313	1	the	the	DET
fsr-3856	313	2	effects	effect	NOUN
fsr-3856	313	3	of	of	ADP
fsr-3856	313	4	personal	personal	ADJ
fsr-3856	313	5	taxes	taxis	NOUN
fsr-3856	313	6	and	and	CCONJ
fsr-3856	313	7	dividends	dividend	NOUN
fsr-3856	313	8	on	on	ADP
fsr-3856	313	9	capital	capital	NOUN
fsr-3856	313	10	prices	price	NOUN
fsr-3856	313	11	.	.	PUNCT
fsr-3856	314	1	journal	journal	NOUN
fsr-3856	314	2	of	of	ADP
fsr-3856	314	3	financial	financial	ADJ
fsr-3856	314	4	economics	economic	NOUN
fsr-3856	314	5	7	7	NUM
fsr-3856	314	6	,	,	PUNCT
fsr-3856	314	7	163–195	163–195	NUM
fsr-3856	314	8	.	.	PUNCT
fsr-3856	315	1	loughran	loughran	NOUN
fsr-3856	315	2	,	,	PUNCT
fsr-3856	315	3	t.	t.	PROPN
fsr-3856	315	4	,	,	PUNCT
fsr-3856	315	5	&	&	CCONJ
fsr-3856	315	6	ritter	ritter	PROPN
fsr-3856	315	7	,	,	PUNCT
fsr-3856	315	8	j.	j.	PROPN
fsr-3856	315	9	(	(	PUNCT
fsr-3856	315	10	1996	1996	NUM
fsr-3856	315	11	)	)	PUNCT
fsr-3856	315	12	.	.	PUNCT
fsr-3856	316	1	long	long	ADJ
fsr-3856	316	2	-	-	PUNCT
fsr-3856	316	3	term	term	NOUN
fsr-3856	316	4	market	market	NOUN
fsr-3856	316	5	overreaction	overreaction	NOUN
fsr-3856	316	6	:	:	PUNCT
fsr-3856	316	7	the	the	DET
fsr-3856	316	8	effect	effect	NOUN
fsr-3856	316	9	of	of	ADP
fsr-3856	316	10	low	low	ADV
fsr-3856	316	11	-	-	PUNCT
fsr-3856	316	12	priced	price	VERB
fsr-3856	316	13	stocks.journal	stocks.journal	PROPN
fsr-3856	316	14	of	of	ADP
fsr-3856	316	15	finance	finance	NOUN
fsr-3856	316	16	,	,	PUNCT
fsr-3856	316	17	51	51	NUM
fsr-3856	316	18	,	,	PUNCT
fsr-3856	316	19	1959–1970	1959–1970	NUM
fsr-3856	316	20	.	.	PUNCT
fsr-3856	317	1	mcqueen	mcqueen	PROPN
fsr-3856	317	2	,	,	PUNCT
fsr-3856	317	3	g.	g.	PROPN
fsr-3856	317	4	,	,	PUNCT
fsr-3856	317	5	shields	shield	NOUN
fsr-3856	317	6	,	,	PUNCT
fsr-3856	317	7	k.	k.	PROPN
fsr-3856	317	8	,	,	PUNCT
fsr-3856	317	9	&	&	CCONJ
fsr-3856	317	10	thorley	thorley	PROPN
fsr-3856	317	11	,	,	PUNCT
fsr-3856	317	12	s.	s.	PROPN
fsr-3856	317	13	(	(	PUNCT
fsr-3856	317	14	1997	1997	NUM
fsr-3856	317	15	)	)	PUNCT
fsr-3856	317	16	.	.	PUNCT
fsr-3856	318	1	does	do	AUX
fsr-3856	318	2	the	the	DET
fsr-3856	318	3	“	"	PUNCT
fsr-3856	318	4	dow-10	dow-10	NUM
fsr-3856	318	5	investment	investment	NOUN
fsr-3856	318	6	strategy	strategy	NOUN
fsr-3856	318	7	”	"	PUNCT
fsr-3856	318	8	beat	beat	VERB
fsr-3856	318	9	the	the	DET
fsr-3856	318	10	dow	dow	NOUN
fsr-3856	318	11	statistically	statistically	ADV
fsr-3856	318	12	and	and	CCONJ
fsr-3856	318	13	economically?financial	economically?financial	PROPN
fsr-3856	318	14	analysts	analyst	NOUN
fsr-3856	318	15	journal	journal	NOUN
fsr-3856	318	16	53	53	NUM
fsr-3856	318	17	,	,	PUNCT
fsr-3856	318	18	66–72	66–72	NUM
fsr-3856	318	19	.	.	PUNCT
fsr-3856	319	1	mcqueen	mcqueen	PROPN
fsr-3856	319	2	,	,	PUNCT
fsr-3856	319	3	g.	g.	PROPN
fsr-3856	319	4	,	,	PUNCT
fsr-3856	319	5	&	&	CCONJ
fsr-3856	319	6	thorley	thorley	PROPN
fsr-3856	319	7	,	,	PUNCT
fsr-3856	319	8	s.	s.	PROPN
fsr-3856	319	9	(	(	PUNCT
fsr-3856	319	10	1997	1997	NUM
fsr-3856	319	11	)	)	PUNCT
fsr-3856	319	12	.	.	PUNCT
fsr-3856	320	1	do	do	AUX
fsr-3856	320	2	investors	investor	NOUN
fsr-3856	320	3	learn	learn	VERB
fsr-3856	320	4	?	?	PUNCT
fsr-3856	321	1	evidence	evidence	NOUN
fsr-3856	321	2	from	from	ADP
fsr-3856	321	3	a	a	DET
fsr-3856	321	4	gold	gold	NOUN
fsr-3856	321	5	market	market	NOUN
fsr-3856	321	6	anomaly.financial	anomaly.financial	PROPN
fsr-3856	321	7	review	review	NOUN
fsr-3856	321	8	32	32	NUM
fsr-3856	321	9	,	,	PUNCT
fsr-3856	321	10	501–525	501–525	NUM
fsr-3856	321	11	.	.	PUNCT
fsr-3856	321	12	miller	miller	PROPN
fsr-3856	321	13	,	,	PUNCT
fsr-3856	321	14	m.	m.	NOUN
fsr-3856	321	15	,	,	PUNCT
fsr-3856	321	16	&	&	CCONJ
fsr-3856	321	17	scholes	scholes	PROPN
fsr-3856	321	18	,	,	PUNCT
fsr-3856	321	19	m.	m.	NOUN
fsr-3856	321	20	(	(	PUNCT
fsr-3856	321	21	1978	1978	NUM
fsr-3856	321	22	)	)	PUNCT
fsr-3856	321	23	.	.	PUNCT
fsr-3856	322	1	dividends	dividend	NOUN
fsr-3856	322	2	and	and	CCONJ
fsr-3856	322	3	taxes.journal	taxes.journal	ADJ
fsr-3856	322	4	of	of	ADP
fsr-3856	322	5	financial	financial	ADJ
fsr-3856	322	6	economics	economic	NOUN
fsr-3856	322	7	6	6	NUM
fsr-3856	322	8	,	,	PUNCT
fsr-3856	322	9	333–364	333–364	NUM
fsr-3856	322	10	.	.	PUNCT
fsr-3856	323	1	mittoo	mittoo	PROPN
fsr-3856	323	2	,	,	PUNCT
fsr-3856	323	3	u.	u.	PROPN
fsr-3856	323	4	,	,	PUNCT
fsr-3856	323	5	&	&	CCONJ
fsr-3856	323	6	thompson	thompson	PROPN
fsr-3856	323	7	,	,	PUNCT
fsr-3856	323	8	r.	r.	PROPN
fsr-3856	323	9	(	(	PUNCT
fsr-3856	323	10	1990	1990	NUM
fsr-3856	323	11	)	)	PUNCT
fsr-3856	323	12	.	.	PUNCT
fsr-3856	324	1	do	do	AUX
fsr-3856	324	2	the	the	DET
fsr-3856	324	3	capital	capital	NOUN
fsr-3856	324	4	markets	market	NOUN
fsr-3856	324	5	learn	learn	VERB
fsr-3856	324	6	from	from	ADP
fsr-3856	324	7	financial	financial	ADJ
fsr-3856	324	8	economists	economist	NOUN
fsr-3856	324	9	?	?	PUNCT
fsr-3856	325	1	university	university	NOUN
fsr-3856	325	2	of	of	ADP
fsr-3856	325	3	manitoba	manitoba	PROPN
fsr-3856	325	4	working	working	PROPN
fsr-3856	325	5	paper	paper	NOUN
fsr-3856	325	6	.	.	PUNCT
fsr-3856	326	1	o’higgins	o’higgin	NOUN
fsr-3856	326	2	,	,	PUNCT
fsr-3856	326	3	m.	m.	NOUN
fsr-3856	326	4	,	,	PUNCT
fsr-3856	326	5	&	&	CCONJ
fsr-3856	326	6	downes	downes	PROPN
fsr-3856	326	7	,	,	PUNCT
fsr-3856	326	8	j.	j.	PROPN
fsr-3856	326	9	(	(	PUNCT
fsr-3856	326	10	1991).beating	1991).beate	VERB
fsr-3856	326	11	the	the	DET
fsr-3856	326	12	dow.new	dow.new	PROPN
fsr-3856	326	13	york	york	PROPN
fsr-3856	326	14	:	:	PUNCT
fsr-3856	326	15	harpercollins	harpercollins	PROPN
fsr-3856	326	16	.	.	PUNCT
fsr-3856	327	1	prudential	prudential	PROPN
fsr-3856	327	2	securities	securities	PROPN
fsr-3856	327	3	(	(	PUNCT
fsr-3856	327	4	1993	1993	NUM
fsr-3856	327	5	)	)	PUNCT
fsr-3856	327	6	.	.	PUNCT
fsr-3856	328	1	prospectus	prospectus	NOUN
fsr-3856	328	2	,	,	PUNCT
fsr-3856	328	3	defined	define	VERB
fsr-3856	328	4	assets	asset	NOUN
fsr-3856	328	5	fund	fund	NOUN
fsr-3856	328	6	,	,	PUNCT
fsr-3856	328	7	select	select	ADJ
fsr-3856	328	8	ten	ten	NUM
fsr-3856	328	9	portfolio	portfolio	NOUN
fsr-3856	328	10	,	,	PUNCT
fsr-3856	328	11	1993	1993	NUM
fsr-3856	328	12	winter	winter	NOUN
fsr-3856	328	13	series	series	NOUN
fsr-3856	328	14	.	.	PUNCT
fsr-3856	329	1	new	new	PROPN
fsr-3856	329	2	york	york	PROPN
fsr-3856	329	3	:	:	PUNCT
fsr-3856	329	4	prudential	prudential	PROPN
fsr-3856	329	5	securities	securities	PROPN
fsr-3856	329	6	.	.	PUNCT
fsr-3856	330	1	rozeff	rozeff	NOUN
fsr-3856	330	2	,	,	PUNCT
fsr-3856	330	3	m.	m.	NOUN
fsr-3856	330	4	,	,	PUNCT
fsr-3856	330	5	&	&	CCONJ
fsr-3856	330	6	zaman	zaman	PROPN
fsr-3856	330	7	,	,	PUNCT
fsr-3856	330	8	m.	m.	NOUN
fsr-3856	330	9	(	(	PUNCT
fsr-3856	330	10	1998	1998	NUM
fsr-3856	330	11	)	)	PUNCT
fsr-3856	330	12	.	.	PUNCT
fsr-3856	331	1	overreaction	overreaction	NOUN
fsr-3856	331	2	and	and	CCONJ
fsr-3856	331	3	insider	insider	NOUN
fsr-3856	331	4	trading	trading	NOUN
fsr-3856	331	5	:	:	PUNCT
fsr-3856	331	6	evidence	evidence	NOUN
fsr-3856	331	7	from	from	ADP
fsr-3856	331	8	growth	growth	NOUN
fsr-3856	331	9	and	and	CCONJ
fsr-3856	331	10	value	value	NOUN
fsr-3856	331	11	portfolios	portfolio	NOUN
fsr-3856	331	12	.	.	PUNCT
fsr-3856	332	1	journal	journal	NOUN
fsr-3856	332	2	of	of	ADP
fsr-3856	332	3	finance	finance	NOUN
fsr-3856	332	4	53	53	NUM
fsr-3856	332	5	,	,	PUNCT
fsr-3856	332	6	701–716	701–716	PROPN
fsr-3856	332	7	.	.	PUNCT
fsr-3856	333	1	zarowin	zarowin	PROPN
fsr-3856	333	2	,	,	PUNCT
fsr-3856	333	3	p.	p.	NOUN
fsr-3856	333	4	(	(	PUNCT
fsr-3856	333	5	1990	1990	NUM
fsr-3856	333	6	)	)	PUNCT
fsr-3856	333	7	.	.	PUNCT
fsr-3856	334	1	size	size	NOUN
fsr-3856	334	2	,	,	PUNCT
fsr-3856	334	3	seasonality	seasonality	NOUN
fsr-3856	334	4	,	,	PUNCT
fsr-3856	334	5	and	and	CCONJ
fsr-3856	334	6	stock	stock	NOUN
fsr-3856	334	7	market	market	NOUN
fsr-3856	334	8	overreaction.journal	overreaction.journal	ADJ
fsr-3856	334	9	of	of	ADP
fsr-3856	334	10	financial	financial	ADJ
fsr-3856	334	11	and	and	CCONJ
fsr-3856	334	12	quantitative	quantitative	ADJ
fsr-3856	334	13	analysis	analysis	NOUN
fsr-3856	334	14	25	25	NUM
fsr-3856	334	15	,	,	PUNCT
fsr-3856	334	16	113–125	113–125	NUM
fsr-3856	334	17	.	.	PUNCT
fsr-3856	335	1	159d.l	159d.l	X
fsr-3856	335	2	.	.	PUNCT
fsr-3856	336	1	domian	domian	PROPN
fsr-3856	336	2	et	et	PROPN
fsr-3856	336	3	al	al	PROPN
fsr-3856	336	4	.	.	PUNCT
fsr-3856	336	5	/	/	SYM
fsr-3856	336	6	financial	financial	ADJ
fsr-3856	336	7	services	service	NOUN
fsr-3856	336	8	review	review	VERB
fsr-3856	336	9	7	7	NUM
fsr-3856	336	10	(	(	PUNCT
fsr-3856	336	11	1998	1998	NUM
fsr-3856	336	12	)	)	PUNCT
fsr-3856	336	13	145–159	145–159	NUM