id	sid	tid	token	lemma	pos
fsr-3933	1	1	pii	pii	PROPN
fsr-3933	1	2	:	:	PUNCT
fsr-3933	1	3	s1057	s1057	NOUN
fsr-3933	1	4	-	-	PUNCT
fsr-3933	1	5	0810(01)00075	0810(01)00075	NUM
fsr-3933	1	6	-	-	PUNCT
fsr-3933	1	7	0	0	NUM
fsr-3933	1	8	the	the	DET
fsr-3933	1	9	reliability	reliability	NOUN
fsr-3933	1	10	of	of	ADP
fsr-3933	1	11	the	the	DET
fsr-3933	1	12	book	book	NOUN
fsr-3933	1	13	-	-	PUNCT
fsr-3933	1	14	to	to	ADP
fsr-3933	1	15	-	-	PUNCT
fsr-3933	1	16	market	market	NOUN
fsr-3933	1	17	ratio	ratio	NOUN
fsr-3933	1	18	as	as	ADP
fsr-3933	1	19	a	a	DET
fsr-3933	1	20	risk	risk	NOUN
fsr-3933	1	21	proxy	proxy	NOUN
fsr-3933	1	22	ralph	ralph	PROPN
fsr-3933	1	23	r.	r.	PROPN
fsr-3933	1	24	trecartin	trecartin	PROPN
fsr-3933	1	25	jr	jr	PROPN
fsr-3933	1	26	.	.	PROPN
fsr-3933	1	27	*	*	PROPN
fsr-3933	1	28	department	department	PROPN
fsr-3933	1	29	of	of	ADP
fsr-3933	1	30	business	business	PROPN
fsr-3933	1	31	&	&	CCONJ
fsr-3933	1	32	economics	economics	PROPN
fsr-3933	1	33	,	,	PUNCT
fsr-3933	1	34	suny	suny	PROPN
fsr-3933	1	35	–	–	PUNCT
fsr-3933	1	36	brockport	brockport	NOUN
fsr-3933	1	37	,	,	PUNCT
fsr-3933	1	38	350	350	NUM
fsr-3933	1	39	new	new	ADJ
fsr-3933	1	40	campus	campus	NOUN
fsr-3933	1	41	drive	drive	NOUN
fsr-3933	1	42	,	,	PUNCT
fsr-3933	1	43	brockport	brockport	PROPN
fsr-3933	1	44	,	,	PUNCT
fsr-3933	1	45	ny	ny	PROPN
fsr-3933	1	46	14420	14420	NUM
fsr-3933	1	47	,	,	PUNCT
fsr-3933	1	48	usa	usa	PROPN
fsr-3933	1	49	received	receive	VERB
fsr-3933	1	50	13	13	NUM
fsr-3933	1	51	march	march	NOUN
fsr-3933	1	52	2000	2000	NUM
fsr-3933	1	53	;	;	PUNCT
fsr-3933	1	54	received	receive	VERB
fsr-3933	1	55	in	in	ADP
fsr-3933	1	56	revised	revise	VERB
fsr-3933	1	57	form	form	NOUN
fsr-3933	1	58	9	9	NUM
fsr-3933	1	59	march	march	NOUN
fsr-3933	1	60	2001	2001	NUM
fsr-3933	1	61	;	;	PUNCT
fsr-3933	1	62	accepted	accept	VERB
fsr-3933	1	63	25	25	NUM
fsr-3933	1	64	june	june	PROPN
fsr-3933	1	65	2001	2001	NUM
fsr-3933	1	66	abstract	abstract	NOUN
fsr-3933	1	67	this	this	DET
fsr-3933	1	68	study	study	NOUN
fsr-3933	1	69	examines	examine	VERB
fsr-3933	1	70	whether	whether	SCONJ
fsr-3933	1	71	the	the	DET
fsr-3933	1	72	book	book	NOUN
fsr-3933	1	73	-	-	PUNCT
fsr-3933	1	74	to	to	ADP
fsr-3933	1	75	-	-	PUNCT
fsr-3933	1	76	market	market	NOUN
fsr-3933	1	77	ratio	ratio	NOUN
fsr-3933	1	78	consistently	consistently	ADV
fsr-3933	1	79	explains	explain	VERB
fsr-3933	1	80	the	the	DET
fsr-3933	1	81	cross	cross	NOUN
fsr-3933	1	82	-	-	NOUN
fsr-3933	1	83	section	section	NOUN
fsr-3933	1	84	of	of	ADP
fsr-3933	1	85	stock	stock	NOUN
fsr-3933	1	86	returns	return	NOUN
fsr-3933	1	87	through	through	ADP
fsr-3933	1	88	time	time	NOUN
fsr-3933	1	89	.	.	PUNCT
fsr-3933	2	1	the	the	DET
fsr-3933	2	2	results	result	NOUN
fsr-3933	2	3	reveal	reveal	VERB
fsr-3933	2	4	that	that	SCONJ
fsr-3933	2	5	the	the	DET
fsr-3933	2	6	book	book	NOUN
fsr-3933	2	7	-	-	PUNCT
fsr-3933	2	8	to	to	ADP
fsr-3933	2	9	-	-	PUNCT
fsr-3933	2	10	market	market	NOUN
fsr-3933	2	11	ratio	ratio	NOUN
fsr-3933	2	12	is	be	AUX
fsr-3933	2	13	positively	positively	ADV
fsr-3933	2	14	and	and	CCONJ
fsr-3933	2	15	significantly	significantly	ADV
fsr-3933	2	16	related	relate	VERB
fsr-3933	2	17	to	to	PART
fsr-3933	2	18	return	return	VERB
fsr-3933	2	19	in	in	ADP
fsr-3933	2	20	only	only	ADV
fsr-3933	2	21	43	43	NUM
fsr-3933	2	22	%	%	NOUN
fsr-3933	2	23	of	of	ADP
fsr-3933	2	24	the	the	DET
fsr-3933	2	25	monthly	monthly	ADJ
fsr-3933	2	26	regressions	regression	NOUN
fsr-3933	2	27	.	.	PUNCT
fsr-3933	3	1	other	other	ADJ
fsr-3933	3	2	value	value	NOUN
fsr-3933	3	3	/	/	SYM
fsr-3933	3	4	growth	growth	NOUN
fsr-3933	3	5	variables	variable	NOUN
fsr-3933	3	6	such	such	ADJ
fsr-3933	3	7	as	as	ADP
fsr-3933	3	8	cash	cash	NOUN
fsr-3933	3	9	flow	flow	NOUN
fsr-3933	3	10	,	,	PUNCT
fsr-3933	3	11	”	"	PUNCT
fsr-3933	3	12	“	"	PUNCT
fsr-3933	3	13	sales	sale	NOUN
fsr-3933	3	14	growth	growth	NOUN
fsr-3933	3	15	,	,	PUNCT
fsr-3933	3	16	”	"	PUNCT
fsr-3933	3	17	and	and	CCONJ
fsr-3933	3	18	“	"	PUNCT
fsr-3933	3	19	size	size	NOUN
fsr-3933	3	20	”	"	PUNCT
fsr-3933	3	21	;	;	PUNCT
fsr-3933	3	22	perform	perform	VERB
fsr-3933	3	23	even	even	ADV
fsr-3933	3	24	more	more	ADV
fsr-3933	3	25	erratically	erratically	ADV
fsr-3933	3	26	than	than	ADP
fsr-3933	3	27	the	the	DET
fsr-3933	3	28	book	book	NOUN
fsr-3933	3	29	-	-	PUNCT
fsr-3933	3	30	to	to	ADP
fsr-3933	3	31	-	-	PUNCT
fsr-3933	3	32	market	market	NOUN
fsr-3933	3	33	ratio	ratio	NOUN
fsr-3933	3	34	,	,	PUNCT
fsr-3933	3	35	and	and	CCONJ
fsr-3933	3	36	are	be	AUX
fsr-3933	3	37	thus	thus	ADV
fsr-3933	3	38	less	less	ADV
fsr-3933	3	39	likely	likely	ADJ
fsr-3933	3	40	to	to	PART
fsr-3933	3	41	be	be	AUX
fsr-3933	3	42	viewed	view	VERB
fsr-3933	3	43	as	as	ADP
fsr-3933	3	44	legitimate	legitimate	ADJ
fsr-3933	3	45	risk	risk	NOUN
fsr-3933	3	46	proxies	proxy	NOUN
fsr-3933	3	47	.	.	PUNCT
fsr-3933	4	1	©	©	PROPN
fsr-3933	4	2	2001	2001	NUM
fsr-3933	4	3	elsevier	elsevier	PROPN
fsr-3933	4	4	science	science	PROPN
fsr-3933	4	5	inc	inc	PROPN
fsr-3933	4	6	.	.	PUNCT
fsr-3933	5	1	all	all	DET
fsr-3933	5	2	rights	right	NOUN
fsr-3933	5	3	reserved	reserve	VERB
fsr-3933	5	4	.	.	PUNCT
fsr-3933	6	1	jel	jel	PROPN
fsr-3933	6	2	classification	classification	PROPN
fsr-3933	6	3	:	:	PUNCT
fsr-3933	6	4	g11	g11	PROPN
fsr-3933	6	5	;	;	PUNCT
fsr-3933	6	6	g12	g12	PROPN
fsr-3933	6	7	keywords	keyword	NOUN
fsr-3933	6	8	:	:	PUNCT
fsr-3933	6	9	risk	risk	NOUN
fsr-3933	6	10	factors	factor	NOUN
fsr-3933	6	11	;	;	PUNCT
fsr-3933	6	12	market	market	NOUN
fsr-3933	6	13	efficiency	efficiency	NOUN
fsr-3933	6	14	;	;	PUNCT
fsr-3933	6	15	contrarian	contrarian	ADJ
fsr-3933	6	16	strategy	strategy	NOUN
fsr-3933	6	17	;	;	PUNCT
fsr-3933	7	1	portfolio	portfolio	NOUN
fsr-3933	7	2	performance	performance	NOUN
fsr-3933	7	3	1	1	NUM
fsr-3933	7	4	.	.	PUNCT
fsr-3933	7	5	introduction	introduction	NOUN
fsr-3933	7	6	a	a	DET
fsr-3933	7	7	particular	particular	ADJ
fsr-3933	7	8	investment	investment	NOUN
fsr-3933	7	9	strategy	strategy	NOUN
fsr-3933	7	10	or	or	CCONJ
fsr-3933	7	11	style	style	NOUN
fsr-3933	7	12	is	be	AUX
fsr-3933	7	13	often	often	ADV
fsr-3933	7	14	followed	follow	VERB
fsr-3933	7	15	by	by	ADP
fsr-3933	7	16	investors	investor	NOUN
fsr-3933	7	17	forming	form	VERB
fsr-3933	7	18	actively	actively	ADV
fsr-3933	7	19	managed	manage	VERB
fsr-3933	7	20	portfolios	portfolio	NOUN
fsr-3933	7	21	.	.	PUNCT
fsr-3933	8	1	in	in	ADP
fsr-3933	8	2	recent	recent	ADJ
fsr-3933	8	3	years	year	NOUN
fsr-3933	8	4	,	,	PUNCT
fsr-3933	8	5	the	the	DET
fsr-3933	8	6	“	"	PUNCT
fsr-3933	8	7	value	value	NOUN
fsr-3933	8	8	style	style	NOUN
fsr-3933	8	9	”	"	PUNCT
fsr-3933	8	10	investment	investment	NOUN
fsr-3933	8	11	strategy	strategy	NOUN
fsr-3933	8	12	has	have	AUX
fsr-3933	8	13	generated	generate	VERB
fsr-3933	8	14	considerable	considerable	ADJ
fsr-3933	8	15	interest	interest	NOUN
fsr-3933	8	16	and	and	CCONJ
fsr-3933	8	17	debate	debate	NOUN
fsr-3933	8	18	.	.	PUNCT
fsr-3933	9	1	many	many	ADJ
fsr-3933	9	2	investment	investment	NOUN
fsr-3933	9	3	advisors	advisor	NOUN
fsr-3933	9	4	and	and	CCONJ
fsr-3933	9	5	a	a	DET
fsr-3933	9	6	number	number	NOUN
fsr-3933	9	7	of	of	ADP
fsr-3933	9	8	academics	academic	NOUN
fsr-3933	9	9	advocate	advocate	VERB
fsr-3933	9	10	investing	invest	VERB
fsr-3933	9	11	in	in	ADP
fsr-3933	9	12	“	"	PUNCT
fsr-3933	9	13	value	value	NOUN
fsr-3933	9	14	firms	firm	NOUN
fsr-3933	9	15	”	"	PUNCT
fsr-3933	9	16	that	that	PRON
fsr-3933	9	17	are	be	AUX
fsr-3933	9	18	considered	consider	VERB
fsr-3933	9	19	to	to	PART
fsr-3933	9	20	be	be	AUX
fsr-3933	9	21	relatively	relatively	ADV
fsr-3933	9	22	un	un	ADJ
fsr-3933	9	23	-	-	ADJ
fsr-3933	9	24	popular	popular	ADJ
fsr-3933	9	25	.	.	PUNCT
fsr-3933	10	1	these	these	DET
fsr-3933	10	2	firms	firm	NOUN
fsr-3933	10	3	have	have	VERB
fsr-3933	10	4	high	high	ADJ
fsr-3933	10	5	book	book	NOUN
fsr-3933	10	6	equity	equity	NOUN
fsr-3933	10	7	-	-	PUNCT
fsr-3933	10	8	to	to	ADP
fsr-3933	10	9	-	-	PUNCT
fsr-3933	10	10	market	market	NOUN
fsr-3933	10	11	equity	equity	NOUN
fsr-3933	10	12	ratios	ratio	NOUN
fsr-3933	10	13	(	(	PUNCT
fsr-3933	10	14	be	be	AUX
fsr-3933	10	15	/	/	SYM
fsr-3933	10	16	me	i	PRON
fsr-3933	10	17	)	)	PUNCT
fsr-3933	10	18	,	,	PUNCT
fsr-3933	10	19	high	high	ADJ
fsr-3933	10	20	cash	cash	NOUN
fsr-3933	10	21	flows	flow	NOUN
fsr-3933	10	22	,	,	PUNCT
fsr-3933	10	23	and	and	CCONJ
fsr-3933	10	24	low	low	ADJ
fsr-3933	10	25	sales	sale	NOUN
fsr-3933	10	26	growth	growth	NOUN
fsr-3933	10	27	rates	rate	NOUN
fsr-3933	10	28	.	.	PUNCT
fsr-3933	11	1	value	value	NOUN
fsr-3933	11	2	firms	firm	NOUN
fsr-3933	11	3	appear	appear	VERB
fsr-3933	11	4	to	to	PART
fsr-3933	11	5	earn	earn	VERB
fsr-3933	11	6	much	much	ADV
fsr-3933	11	7	higher	high	ADJ
fsr-3933	11	8	long	long	ADJ
fsr-3933	11	9	-	-	PUNCT
fsr-3933	11	10	term	term	NOUN
fsr-3933	11	11	returns	return	NOUN
fsr-3933	11	12	than	than	ADP
fsr-3933	11	13	those	those	PRON
fsr-3933	11	14	with	with	ADP
fsr-3933	11	15	low	low	ADJ
fsr-3933	11	16	be	be	AUX
fsr-3933	11	17	/	/	SYM
fsr-3933	11	18	me	i	PRON
fsr-3933	11	19	,	,	PUNCT
fsr-3933	11	20	low	low	ADJ
fsr-3933	11	21	cash	cash	NOUN
fsr-3933	11	22	flows	flow	NOUN
fsr-3933	11	23	,	,	PUNCT
fsr-3933	11	24	and	and	CCONJ
fsr-3933	11	25	high	high	ADJ
fsr-3933	11	26	sales	sale	NOUN
fsr-3933	11	27	growth	growth	NOUN
fsr-3933	11	28	rates	rate	NOUN
fsr-3933	11	29	.	.	PUNCT
fsr-3933	12	1	of	of	ADP
fsr-3933	12	2	potential	potential	ADJ
fsr-3933	12	3	interest	interest	NOUN
fsr-3933	12	4	to	to	ADP
fsr-3933	12	5	investors	investor	NOUN
fsr-3933	12	6	is	be	AUX
fsr-3933	12	7	whether	whether	SCONJ
fsr-3933	12	8	they	they	PRON
fsr-3933	12	9	can	can	AUX
fsr-3933	12	10	use	use	VERB
fsr-3933	12	11	a	a	DET
fsr-3933	12	12	value	value	NOUN
fsr-3933	12	13	strategy	strategy	NOUN
fsr-3933	12	14	over	over	ADP
fsr-3933	12	15	a	a	DET
fsr-3933	12	16	short	short	ADJ
fsr-3933	12	17	-	-	PUNCT
fsr-3933	12	18	term	term	NOUN
fsr-3933	12	19	horizon	horizon	NOUN
fsr-3933	12	20	and	and	CCONJ
fsr-3933	12	21	still	still	ADV
fsr-3933	12	22	expect	expect	VERB
fsr-3933	12	23	to	to	PART
fsr-3933	12	24	earn	earn	VERB
fsr-3933	12	25	superior	superior	ADJ
fsr-3933	12	26	returns	return	NOUN
fsr-3933	12	27	on	on	ADP
fsr-3933	12	28	a	a	DET
fsr-3933	12	29	consistent	consistent	ADJ
fsr-3933	12	30	basis	basis	NOUN
fsr-3933	12	31	,	,	PUNCT
fsr-3933	12	32	as	as	SCONJ
fsr-3933	12	33	the	the	DET
fsr-3933	12	34	literature	literature	NOUN
fsr-3933	12	35	seems	seem	VERB
fsr-3933	12	36	to	to	PART
fsr-3933	12	37	indicate	indicate	VERB
fsr-3933	12	38	.	.	PUNCT
fsr-3933	13	1	*	*	PUNCT
fsr-3933	13	2	tel	tel	PROPN
fsr-3933	13	3	.	.	PUNCT
fsr-3933	13	4	:	:	PUNCT
fsr-3933	14	1	�	�	PROPN
fsr-3933	14	2	1	1	NUM
fsr-3933	14	3	-	-	PUNCT
fsr-3933	14	4	716	716	NUM
fsr-3933	14	5	-	-	NUM
fsr-3933	14	6	395	395	NUM
fsr-3933	14	7	-	-	PUNCT
fsr-3933	14	8	5678	5678	NUM
fsr-3933	14	9	.	.	PUNCT
fsr-3933	15	1	e	e	X
fsr-3933	15	2	-	-	NOUN
fsr-3933	15	3	mail	mail	NOUN
fsr-3933	15	4	address:rtrecart@brockport.edu	address:rtrecart@brockport.edu	PROPN
fsr-3933	15	5	(	(	PUNCT
fsr-3933	15	6	r.r	r.r	PROPN
fsr-3933	15	7	.	.	PROPN
fsr-3933	15	8	trecartin	trecartin	PROPN
fsr-3933	15	9	)	)	PUNCT
fsr-3933	15	10	.	.	PUNCT
fsr-3933	16	1	financial	financial	ADJ
fsr-3933	16	2	services	service	NOUN
fsr-3933	16	3	review	review	VERB
fsr-3933	16	4	9	9	NUM
fsr-3933	16	5	(	(	PUNCT
fsr-3933	16	6	2000	2000	NUM
fsr-3933	16	7	)	)	PUNCT
fsr-3933	16	8	361–373	361–373	NUM
fsr-3933	16	9	1057	1057	NUM
fsr-3933	16	10	-	-	SYM
fsr-3933	16	11	0810/00/$	0810/00/$	NUM
fsr-3933	16	12	–	–	PUNCT
fsr-3933	16	13	see	see	VERB
fsr-3933	16	14	front	front	ADJ
fsr-3933	16	15	matter	matter	NOUN
fsr-3933	16	16	©	©	PROPN
fsr-3933	16	17	2001	2001	NUM
fsr-3933	16	18	elsevier	elsevier	PROPN
fsr-3933	16	19	science	science	PROPN
fsr-3933	16	20	inc	inc	PROPN
fsr-3933	16	21	.	.	PUNCT
fsr-3933	17	1	all	all	DET
fsr-3933	17	2	rights	right	NOUN
fsr-3933	17	3	reserved	reserve	VERB
fsr-3933	17	4	.	.	PUNCT
fsr-3933	18	1	pii	pii	NOUN
fsr-3933	18	2	:	:	PUNCT
fsr-3933	18	3	s1057	s1057	NOUN
fsr-3933	18	4	-	-	PUNCT
fsr-3933	18	5	0810(01)00075	0810(01)00075	NUM
fsr-3933	18	6	-	-	PUNCT
fsr-3933	18	7	0	0	NUM
fsr-3933	18	8	the	the	DET
fsr-3933	18	9	value	value	NOUN
fsr-3933	18	10	effect	effect	NOUN
fsr-3933	18	11	may	may	AUX
fsr-3933	18	12	not	not	PART
fsr-3933	18	13	be	be	AUX
fsr-3933	18	14	consistently	consistently	ADV
fsr-3933	18	15	dependable	dependable	ADJ
fsr-3933	18	16	thus	thus	ADV
fsr-3933	18	17	causing	cause	VERB
fsr-3933	18	18	professional	professional	ADJ
fsr-3933	18	19	portfolio	portfolio	NOUN
fsr-3933	18	20	managers	manager	NOUN
fsr-3933	18	21	to	to	PART
fsr-3933	18	22	avoid	avoid	VERB
fsr-3933	18	23	investing	invest	VERB
fsr-3933	18	24	in	in	ADP
fsr-3933	18	25	these	these	DET
fsr-3933	18	26	securities	security	NOUN
fsr-3933	18	27	.	.	PUNCT
fsr-3933	19	1	under	under	ADP
fsr-3933	19	2	this	this	DET
fsr-3933	19	3	scenario	scenario	NOUN
fsr-3933	19	4	these	these	DET
fsr-3933	19	5	managers	manager	NOUN
fsr-3933	19	6	will	will	AUX
fsr-3933	19	7	avoid	avoid	VERB
fsr-3933	19	8	buying	buy	VERB
fsr-3933	19	9	extreme	extreme	ADJ
fsr-3933	19	10	value	value	NOUN
fsr-3933	19	11	firms	firm	NOUN
fsr-3933	19	12	due	due	ADJ
fsr-3933	19	13	to	to	ADP
fsr-3933	19	14	the	the	DET
fsr-3933	19	15	risk	risk	NOUN
fsr-3933	19	16	of	of	ADP
fsr-3933	19	17	short	short	ADJ
fsr-3933	19	18	-	-	PUNCT
fsr-3933	19	19	term	term	NOUN
fsr-3933	19	20	underperformance	underperformance	NOUN
fsr-3933	19	21	.	.	PUNCT
fsr-3933	20	1	even	even	ADV
fsr-3933	20	2	for	for	ADP
fsr-3933	20	3	individual	individual	ADJ
fsr-3933	20	4	investors	investor	NOUN
fsr-3933	20	5	who	who	PRON
fsr-3933	20	6	do	do	AUX
fsr-3933	20	7	not	not	PART
fsr-3933	20	8	have	have	VERB
fsr-3933	20	9	to	to	PART
fsr-3933	20	10	worry	worry	VERB
fsr-3933	20	11	about	about	ADP
fsr-3933	20	12	capital	capital	NOUN
fsr-3933	20	13	flight	flight	NOUN
fsr-3933	20	14	from	from	ADP
fsr-3933	20	15	their	their	PRON
fsr-3933	20	16	portfolios	portfolio	NOUN
fsr-3933	20	17	,	,	PUNCT
fsr-3933	20	18	a	a	DET
fsr-3933	20	19	series	series	NOUN
fsr-3933	20	20	of	of	ADP
fsr-3933	20	21	monthly	monthly	ADJ
fsr-3933	20	22	returns	return	NOUN
fsr-3933	20	23	with	with	ADP
fsr-3933	20	24	low	low	ADJ
fsr-3933	20	25	performance	performance	NOUN
fsr-3933	20	26	may	may	AUX
fsr-3933	20	27	be	be	AUX
fsr-3933	20	28	enough	enough	ADJ
fsr-3933	20	29	to	to	PART
fsr-3933	20	30	cause	cause	VERB
fsr-3933	20	31	them	they	PRON
fsr-3933	20	32	to	to	PART
fsr-3933	20	33	jettison	jettison	VERB
fsr-3933	20	34	this	this	DET
fsr-3933	20	35	strategy	strategy	NOUN
fsr-3933	20	36	.	.	PUNCT
fsr-3933	21	1	if	if	SCONJ
fsr-3933	21	2	short	short	ADJ
fsr-3933	21	3	-	-	PUNCT
fsr-3933	21	4	term	term	NOUN
fsr-3933	21	5	returns	return	NOUN
fsr-3933	21	6	are	be	AUX
fsr-3933	21	7	not	not	PART
fsr-3933	21	8	reliable	reliable	ADJ
fsr-3933	21	9	,	,	PUNCT
fsr-3933	21	10	only	only	ADV
fsr-3933	21	11	individual	individual	ADJ
fsr-3933	21	12	investors	investor	NOUN
fsr-3933	21	13	with	with	ADP
fsr-3933	21	14	a	a	DET
fsr-3933	21	15	long	long	ADJ
fsr-3933	21	16	-	-	PUNCT
fsr-3933	21	17	term	term	NOUN
fsr-3933	21	18	focus	focus	NOUN
fsr-3933	21	19	may	may	AUX
fsr-3933	21	20	be	be	AUX
fsr-3933	21	21	able	able	ADJ
fsr-3933	21	22	to	to	PART
fsr-3933	21	23	withstand	withstand	VERB
fsr-3933	21	24	short	short	ADJ
fsr-3933	21	25	-	-	PUNCT
fsr-3933	21	26	term	term	NOUN
fsr-3933	21	27	performance	performance	NOUN
fsr-3933	21	28	setbacks	setback	NOUN
fsr-3933	21	29	or	or	CCONJ
fsr-3933	21	30	reverses	reverse	VERB
fsr-3933	21	31	and	and	CCONJ
fsr-3933	21	32	invest	invest	VERB
fsr-3933	21	33	consistently	consistently	ADV
fsr-3933	21	34	in	in	ADP
fsr-3933	21	35	the	the	DET
fsr-3933	21	36	most	most	ADV
fsr-3933	21	37	unpopular	unpopular	ADJ
fsr-3933	21	38	securities	security	NOUN
fsr-3933	21	39	.	.	PUNCT
fsr-3933	22	1	this	this	DET
fsr-3933	22	2	study	study	NOUN
fsr-3933	22	3	examines	examine	VERB
fsr-3933	22	4	whether	whether	SCONJ
fsr-3933	22	5	the	the	DET
fsr-3933	22	6	book	book	NOUN
fsr-3933	22	7	equity	equity	NOUN
fsr-3933	22	8	-	-	PUNCT
fsr-3933	22	9	to	to	ADP
fsr-3933	22	10	-	-	PUNCT
fsr-3933	22	11	market	market	NOUN
fsr-3933	22	12	equity	equity	NOUN
fsr-3933	22	13	ratio	ratio	NOUN
fsr-3933	22	14	and	and	CCONJ
fsr-3933	22	15	other	other	ADJ
fsr-3933	22	16	value/	value/	NOUN
fsr-3933	22	17	growth	growth	NOUN
fsr-3933	22	18	variables	variable	NOUN
fsr-3933	22	19	predict	predict	VERB
fsr-3933	22	20	returns	return	NOUN
fsr-3933	22	21	consistently	consistently	ADV
fsr-3933	22	22	from	from	ADP
fsr-3933	22	23	1963	1963	NUM
fsr-3933	22	24	to	to	ADP
fsr-3933	22	25	1997	1997	NUM
fsr-3933	22	26	using	use	VERB
fsr-3933	22	27	monthly	monthly	ADJ
fsr-3933	22	28	intervals	interval	NOUN
fsr-3933	22	29	.	.	PUNCT
fsr-3933	23	1	can	can	AUX
fsr-3933	23	2	the	the	DET
fsr-3933	23	3	individual	individual	ADJ
fsr-3933	23	4	investor	investor	NOUN
fsr-3933	23	5	using	use	VERB
fsr-3933	23	6	a	a	DET
fsr-3933	23	7	value	value	NOUN
fsr-3933	23	8	investment	investment	NOUN
fsr-3933	23	9	strategy	strategy	NOUN
fsr-3933	23	10	expect	expect	VERB
fsr-3933	23	11	at	at	ADP
fsr-3933	23	12	any	any	DET
fsr-3933	23	13	point	point	NOUN
fsr-3933	23	14	in	in	ADP
fsr-3933	23	15	time	time	NOUN
fsr-3933	23	16	to	to	PART
fsr-3933	23	17	outperform	outperform	VERB
fsr-3933	23	18	a	a	DET
fsr-3933	23	19	growth	growth	NOUN
fsr-3933	23	20	strategy	strategy	NOUN
fsr-3933	23	21	over	over	ADP
fsr-3933	23	22	subsequent	subsequent	ADJ
fsr-3933	23	23	months	month	NOUN
fsr-3933	23	24	?	?	PUNCT
fsr-3933	24	1	average	average	ADJ
fsr-3933	24	2	returns	return	NOUN
fsr-3933	24	3	are	be	AUX
fsr-3933	24	4	reported	report	VERB
fsr-3933	24	5	over	over	ADP
fsr-3933	24	6	long	long	ADJ
fsr-3933	24	7	intervals	interval	NOUN
fsr-3933	24	8	as	as	ADP
fsr-3933	24	9	in	in	ADP
fsr-3933	24	10	other	other	ADJ
fsr-3933	24	11	studies	study	NOUN
fsr-3933	24	12	.	.	PUNCT
fsr-3933	25	1	subperiods	subperiod	NOUN
fsr-3933	25	2	are	be	AUX
fsr-3933	25	3	then	then	ADV
fsr-3933	25	4	examined	examine	VERB
fsr-3933	25	5	over	over	ADP
fsr-3933	25	6	ten	ten	NUM
fsr-3933	25	7	-	-	PUNCT
fsr-3933	25	8	year	year	NOUN
fsr-3933	25	9	,	,	PUNCT
fsr-3933	25	10	five	five	NUM
fsr-3933	25	11	-	-	PUNCT
fsr-3933	25	12	year	year	NOUN
fsr-3933	25	13	,	,	PUNCT
fsr-3933	25	14	and	and	CCONJ
fsr-3933	25	15	one	one	NUM
fsr-3933	25	16	-	-	PUNCT
fsr-3933	25	17	year	year	NOUN
fsr-3933	25	18	periods	period	NOUN
fsr-3933	25	19	.	.	PUNCT
fsr-3933	26	1	the	the	DET
fsr-3933	26	2	study	study	NOUN
fsr-3933	26	3	documents	document	VERB
fsr-3933	26	4	the	the	DET
fsr-3933	26	5	dependability	dependability	NOUN
fsr-3933	26	6	of	of	ADP
fsr-3933	26	7	returns	return	NOUN
fsr-3933	26	8	,	,	PUNCT
fsr-3933	26	9	or	or	CCONJ
fsr-3933	26	10	the	the	DET
fsr-3933	26	11	lack	lack	NOUN
fsr-3933	26	12	thereof	thereof	ADV
fsr-3933	26	13	,	,	PUNCT
fsr-3933	26	14	for	for	ADP
fsr-3933	26	15	value	value	NOUN
fsr-3933	26	16	firms	firm	NOUN
fsr-3933	26	17	,	,	PUNCT
fsr-3933	26	18	and	and	CCONJ
fsr-3933	26	19	also	also	ADV
fsr-3933	26	20	indicates	indicate	VERB
fsr-3933	26	21	whether	whether	SCONJ
fsr-3933	26	22	be	be	AUX
fsr-3933	26	23	/	/	SYM
fsr-3933	26	24	me	i	PRON
fsr-3933	26	25	or	or	CCONJ
fsr-3933	26	26	some	some	DET
fsr-3933	26	27	competing	compete	VERB
fsr-3933	26	28	variable	variable	NOUN
fsr-3933	26	29	captures	capture	VERB
fsr-3933	26	30	the	the	DET
fsr-3933	26	31	most	most	ADJ
fsr-3933	26	32	variation	variation	NOUN
fsr-3933	26	33	in	in	ADP
fsr-3933	26	34	return	return	NOUN
fsr-3933	26	35	.	.	PUNCT
fsr-3933	27	1	the	the	DET
fsr-3933	27	2	paper	paper	NOUN
fsr-3933	27	3	is	be	AUX
fsr-3933	27	4	organized	organize	VERB
fsr-3933	27	5	as	as	SCONJ
fsr-3933	27	6	follows	follow	VERB
fsr-3933	27	7	:	:	PUNCT
fsr-3933	27	8	in	in	ADP
fsr-3933	27	9	section	section	NOUN
fsr-3933	27	10	2	2	NUM
fsr-3933	27	11	a	a	DET
fsr-3933	27	12	review	review	NOUN
fsr-3933	27	13	of	of	ADP
fsr-3933	27	14	the	the	DET
fsr-3933	27	15	background	background	NOUN
fsr-3933	27	16	literature	literature	NOUN
fsr-3933	27	17	is	be	AUX
fsr-3933	27	18	undertaken	undertake	VERB
fsr-3933	27	19	.	.	PUNCT
fsr-3933	28	1	data	datum	NOUN
fsr-3933	28	2	specifications	specification	NOUN
fsr-3933	28	3	and	and	CCONJ
fsr-3933	28	4	issues	issue	NOUN
fsr-3933	28	5	are	be	AUX
fsr-3933	28	6	presented	present	VERB
fsr-3933	28	7	in	in	ADP
fsr-3933	28	8	section	section	NOUN
fsr-3933	28	9	3	3	NUM
fsr-3933	28	10	.	.	PUNCT
fsr-3933	28	11	empirical	empirical	ADJ
fsr-3933	28	12	test	test	NOUN
fsr-3933	28	13	results	result	NOUN
fsr-3933	28	14	for	for	ADP
fsr-3933	28	15	competing	compete	VERB
fsr-3933	28	16	univariate	univariate	ADJ
fsr-3933	28	17	variables	variable	NOUN
fsr-3933	28	18	are	be	AUX
fsr-3933	28	19	displayed	display	VERB
fsr-3933	28	20	in	in	ADP
fsr-3933	28	21	section	section	NOUN
fsr-3933	28	22	4	4	NUM
fsr-3933	28	23	.	.	PUNCT
fsr-3933	28	24	subperiod	subperiod	NOUN
fsr-3933	28	25	results	result	NOUN
fsr-3933	28	26	for	for	ADP
fsr-3933	28	27	five	five	NUM
fsr-3933	28	28	and	and	CCONJ
fsr-3933	28	29	ten	ten	NUM
fsr-3933	28	30	-	-	PUNCT
fsr-3933	28	31	year	year	NOUN
fsr-3933	28	32	periods	period	NOUN
fsr-3933	28	33	are	be	AUX
fsr-3933	28	34	analyzed	analyze	VERB
fsr-3933	28	35	in	in	ADP
fsr-3933	28	36	section	section	NOUN
fsr-3933	28	37	5	5	NUM
fsr-3933	28	38	.	.	PUNCT
fsr-3933	28	39	monthly	monthly	ADJ
fsr-3933	28	40	regression	regression	NOUN
fsr-3933	28	41	coefficients	coefficient	NOUN
fsr-3933	28	42	averaged	average	VERB
fsr-3933	28	43	on	on	ADP
fsr-3933	28	44	a	a	DET
fsr-3933	28	45	yearly	yearly	ADJ
fsr-3933	28	46	basis	basis	NOUN
fsr-3933	28	47	are	be	AUX
fsr-3933	28	48	displayed	display	VERB
fsr-3933	28	49	in	in	ADP
fsr-3933	28	50	section	section	NOUN
fsr-3933	28	51	6	6	NUM
fsr-3933	28	52	.	.	PUNCT
fsr-3933	29	1	a	a	DET
fsr-3933	29	2	summary	summary	NOUN
fsr-3933	29	3	of	of	ADP
fsr-3933	29	4	the	the	DET
fsr-3933	29	5	findings	finding	NOUN
fsr-3933	29	6	may	may	AUX
fsr-3933	29	7	be	be	AUX
fsr-3933	29	8	found	find	VERB
fsr-3933	29	9	in	in	ADP
fsr-3933	29	10	section	section	NOUN
fsr-3933	29	11	7	7	NUM
fsr-3933	29	12	.	.	NOUN
fsr-3933	29	13	2	2	NUM
fsr-3933	29	14	.	.	X
fsr-3933	29	15	literature	literature	NOUN
fsr-3933	29	16	foundations	foundation	NOUN
fsr-3933	29	17	fama	fama	PROPN
fsr-3933	29	18	and	and	CCONJ
fsr-3933	29	19	french	french	ADJ
fsr-3933	29	20	(	(	PUNCT
fsr-3933	29	21	1992	1992	NUM
fsr-3933	29	22	,	,	PUNCT
fsr-3933	29	23	1993	1993	NUM
fsr-3933	29	24	,	,	PUNCT
fsr-3933	29	25	1995	1995	NUM
fsr-3933	29	26	)	)	PUNCT
fsr-3933	29	27	have	have	AUX
fsr-3933	29	28	contributed	contribute	VERB
fsr-3933	29	29	to	to	ADP
fsr-3933	29	30	the	the	DET
fsr-3933	29	31	popularity	popularity	NOUN
fsr-3933	29	32	of	of	ADP
fsr-3933	29	33	the	the	DET
fsr-3933	29	34	be	be	NOUN
fsr-3933	29	35	/	/	SYM
fsr-3933	29	36	me	i	PRON
fsr-3933	29	37	variable	variable	ADJ
fsr-3933	29	38	for	for	ADP
fsr-3933	29	39	predicting	predict	VERB
fsr-3933	29	40	stock	stock	NOUN
fsr-3933	29	41	returns	return	NOUN
fsr-3933	29	42	.	.	PUNCT
fsr-3933	30	1	the	the	DET
fsr-3933	30	2	strength	strength	NOUN
fsr-3933	30	3	of	of	ADP
fsr-3933	30	4	this	this	DET
fsr-3933	30	5	variable	variable	NOUN
fsr-3933	30	6	allows	allow	VERB
fsr-3933	30	7	it	it	PRON
fsr-3933	30	8	to	to	PART
fsr-3933	30	9	act	act	VERB
fsr-3933	30	10	as	as	ADP
fsr-3933	30	11	the	the	DET
fsr-3933	30	12	central	central	ADJ
fsr-3933	30	13	factor	factor	NOUN
fsr-3933	30	14	in	in	ADP
fsr-3933	30	15	their	their	PRON
fsr-3933	30	16	asset	asset	NOUN
fsr-3933	30	17	-	-	PUNCT
fsr-3933	30	18	pricing	pricing	NOUN
fsr-3933	30	19	model	model	NOUN
fsr-3933	30	20	.	.	PUNCT
fsr-3933	31	1	other	other	ADJ
fsr-3933	31	2	authors	author	NOUN
fsr-3933	31	3	have	have	AUX
fsr-3933	31	4	also	also	ADV
fsr-3933	31	5	found	find	VERB
fsr-3933	31	6	a	a	DET
fsr-3933	31	7	significant	significant	ADJ
fsr-3933	31	8	positive	positive	ADJ
fsr-3933	31	9	correlation	correlation	NOUN
fsr-3933	31	10	between	between	ADP
fsr-3933	31	11	be	be	AUX
fsr-3933	31	12	/	/	SYM
fsr-3933	31	13	me	i	PRON
fsr-3933	31	14	ratios	ratio	NOUN
fsr-3933	31	15	and	and	CCONJ
fsr-3933	31	16	the	the	DET
fsr-3933	31	17	cross	cross	NOUN
fsr-3933	31	18	-	-	NOUN
fsr-3933	31	19	section	section	NOUN
fsr-3933	31	20	of	of	ADP
fsr-3933	31	21	stock	stock	NOUN
fsr-3933	31	22	returns	return	NOUN
fsr-3933	31	23	including	include	VERB
fsr-3933	31	24	stattman	stattman	NOUN
fsr-3933	31	25	(	(	PUNCT
fsr-3933	31	26	1980	1980	NUM
fsr-3933	31	27	)	)	PUNCT
fsr-3933	31	28	,	,	PUNCT
fsr-3933	31	29	rosenberg	rosenberg	PROPN
fsr-3933	31	30	,	,	PUNCT
fsr-3933	31	31	reid	reid	PROPN
fsr-3933	31	32	,	,	PUNCT
fsr-3933	31	33	and	and	CCONJ
fsr-3933	31	34	lanstein	lanstein	ADJ
fsr-3933	31	35	(	(	PUNCT
fsr-3933	31	36	1985	1985	NUM
fsr-3933	31	37	)	)	PUNCT
fsr-3933	31	38	,	,	PUNCT
fsr-3933	31	39	chan	chan	PROPN
fsr-3933	31	40	,	,	PUNCT
fsr-3933	31	41	hamao	hamao	PROPN
fsr-3933	31	42	,	,	PUNCT
fsr-3933	31	43	and	and	CCONJ
fsr-3933	31	44	lakonishok	lakonishok	NOUN
fsr-3933	31	45	(	(	PUNCT
fsr-3933	31	46	1991	1991	NUM
fsr-3933	31	47	,	,	PUNCT
fsr-3933	31	48	1993	1993	NUM
fsr-3933	31	49	)	)	PUNCT
fsr-3933	31	50	,	,	PUNCT
fsr-3933	31	51	capaul	capaul	PROPN
fsr-3933	31	52	,	,	PUNCT
fsr-3933	31	53	rowley	rowley	NOUN
fsr-3933	31	54	,	,	PUNCT
fsr-3933	31	55	and	and	CCONJ
fsr-3933	31	56	sharpe	sharpe	PROPN
fsr-3933	31	57	(	(	PUNCT
fsr-3933	31	58	1993	1993	NUM
fsr-3933	31	59	)	)	PUNCT
fsr-3933	31	60	,	,	PUNCT
fsr-3933	31	61	lakonishok	lakonishok	NOUN
fsr-3933	31	62	,	,	PUNCT
fsr-3933	31	63	shleifer	shleifer	NOUN
fsr-3933	31	64	,	,	PUNCT
fsr-3933	31	65	and	and	CCONJ
fsr-3933	31	66	vishny	vishny	PROPN
fsr-3933	31	67	(	(	PUNCT
fsr-3933	31	68	1994	1994	NUM
fsr-3933	31	69	)	)	PUNCT
fsr-3933	31	70	,	,	PUNCT
fsr-3933	31	71	davis	davis	PROPN
fsr-3933	31	72	(	(	PUNCT
fsr-3933	31	73	1994	1994	NUM
fsr-3933	31	74	)	)	PUNCT
fsr-3933	31	75	,	,	PUNCT
fsr-3933	31	76	and	and	CCONJ
fsr-3933	31	77	chan	chan	PROPN
fsr-3933	31	78	,	,	PUNCT
fsr-3933	31	79	karceski	karceski	PROPN
fsr-3933	31	80	,	,	PUNCT
fsr-3933	31	81	and	and	CCONJ
fsr-3933	31	82	lakonishok	lakonishok	NOUN
fsr-3933	31	83	(	(	PUNCT
fsr-3933	31	84	1998	1998	NUM
fsr-3933	31	85	)	)	PUNCT
fsr-3933	31	86	.	.	PUNCT
fsr-3933	32	1	fama	fama	PROPN
fsr-3933	32	2	and	and	CCONJ
fsr-3933	32	3	french	french	ADJ
fsr-3933	32	4	(	(	PUNCT
fsr-3933	32	5	1992	1992	NUM
fsr-3933	32	6	)	)	PUNCT
fsr-3933	32	7	interpret	interpret	NOUN
fsr-3933	32	8	be	be	AUX
fsr-3933	32	9	/	/	SYM
fsr-3933	32	10	me	i	PRON
fsr-3933	32	11	as	as	ADP
fsr-3933	32	12	a	a	DET
fsr-3933	32	13	proxy	proxy	NOUN
fsr-3933	32	14	for	for	ADP
fsr-3933	32	15	risk	risk	NOUN
fsr-3933	32	16	.	.	PUNCT
fsr-3933	33	1	fama	fama	PROPN
fsr-3933	33	2	and	and	CCONJ
fsr-3933	33	3	french	french	ADJ
fsr-3933	33	4	(	(	PUNCT
fsr-3933	33	5	1995	1995	NUM
fsr-3933	33	6	)	)	PUNCT
fsr-3933	33	7	provide	provide	VERB
fsr-3933	33	8	evidence	evidence	NOUN
fsr-3933	33	9	,	,	PUNCT
fsr-3933	33	10	which	which	PRON
fsr-3933	33	11	indicates	indicate	VERB
fsr-3933	33	12	that	that	SCONJ
fsr-3933	33	13	high	high	ADJ
fsr-3933	33	14	be	be	AUX
fsr-3933	33	15	/	/	SYM
fsr-3933	33	16	me	i	PRON
fsr-3933	33	17	firms	firm	NOUN
fsr-3933	33	18	have	have	VERB
fsr-3933	33	19	a	a	DET
fsr-3933	33	20	degree	degree	NOUN
fsr-3933	33	21	of	of	ADP
fsr-3933	33	22	financial	financial	ADJ
fsr-3933	33	23	distress	distress	NOUN
fsr-3933	33	24	via	via	ADP
fsr-3933	33	25	depressed	depressed	ADJ
fsr-3933	33	26	earnings	earning	NOUN
fsr-3933	33	27	.	.	PUNCT
fsr-3933	34	1	their	their	PRON
fsr-3933	34	2	perspective	perspective	NOUN
fsr-3933	34	3	is	be	AUX
fsr-3933	34	4	that	that	SCONJ
fsr-3933	34	5	high	high	ADJ
fsr-3933	34	6	be	be	AUX
fsr-3933	34	7	/	/	SYM
fsr-3933	34	8	me	i	PRON
fsr-3933	34	9	firms	firm	NOUN
fsr-3933	34	10	have	have	VERB
fsr-3933	34	11	both	both	CCONJ
fsr-3933	34	12	high	high	ADJ
fsr-3933	34	13	risk	risk	NOUN
fsr-3933	34	14	and	and	CCONJ
fsr-3933	34	15	high	high	ADJ
fsr-3933	34	16	return	return	NOUN
fsr-3933	34	17	levels	level	NOUN
fsr-3933	34	18	.	.	PUNCT
fsr-3933	35	1	thus	thus	ADV
fsr-3933	35	2	,	,	PUNCT
fsr-3933	35	3	the	the	DET
fsr-3933	35	4	market	market	NOUN
fsr-3933	35	5	appears	appear	VERB
fsr-3933	35	6	to	to	PART
fsr-3933	35	7	behave	behave	VERB
fsr-3933	35	8	efficiently	efficiently	ADV
fsr-3933	35	9	.	.	PUNCT
fsr-3933	36	1	lakonishok	lakonishok	VERB
fsr-3933	36	2	et	et	PROPN
fsr-3933	36	3	al	al	PROPN
fsr-3933	36	4	.	.	PROPN
fsr-3933	37	1	(	(	PUNCT
fsr-3933	37	2	1994	1994	NUM
fsr-3933	37	3	)	)	PUNCT
fsr-3933	37	4	,	,	PUNCT
fsr-3933	37	5	and	and	CCONJ
fsr-3933	37	6	haugen	haugen	PROPN
fsr-3933	37	7	and	and	CCONJ
fsr-3933	37	8	baker	baker	PROPN
fsr-3933	37	9	(	(	PUNCT
fsr-3933	37	10	1996	1996	NUM
fsr-3933	37	11	)	)	PUNCT
fsr-3933	37	12	,	,	PUNCT
fsr-3933	37	13	provide	provide	VERB
fsr-3933	37	14	a	a	DET
fsr-3933	37	15	competing	compete	VERB
fsr-3933	37	16	explanation	explanation	NOUN
fsr-3933	37	17	and	and	CCONJ
fsr-3933	37	18	suggest	suggest	VERB
fsr-3933	37	19	that	that	SCONJ
fsr-3933	37	20	the	the	DET
fsr-3933	37	21	relationship	relationship	NOUN
fsr-3933	37	22	is	be	AUX
fsr-3933	37	23	caused	cause	VERB
fsr-3933	37	24	by	by	ADP
fsr-3933	37	25	inefficient	inefficient	ADJ
fsr-3933	37	26	markets	market	NOUN
fsr-3933	37	27	and	and	CCONJ
fsr-3933	37	28	investor	investor	NOUN
fsr-3933	37	29	overreaction	overreaction	NOUN
fsr-3933	37	30	.	.	PUNCT
fsr-3933	38	1	their	their	PRON
fsr-3933	38	2	position	position	NOUN
fsr-3933	38	3	is	be	AUX
fsr-3933	38	4	that	that	SCONJ
fsr-3933	38	5	investors	investor	NOUN
fsr-3933	38	6	bid	bid	VERB
fsr-3933	38	7	“	"	PUNCT
fsr-3933	38	8	growth	growth	NOUN
fsr-3933	38	9	”	"	PUNCT
fsr-3933	38	10	fi	fi	NOUN
fsr-3933	38	11	rm	rm	NOUN
fsr-3933	38	12	prices	price	NOUN
fsr-3933	38	13	up	up	ADV
fsr-3933	38	14	too	too	ADV
fsr-3933	38	15	far	far	ADV
fsr-3933	38	16	,	,	PUNCT
fsr-3933	38	17	causing	cause	VERB
fsr-3933	38	18	high	high	ADJ
fsr-3933	38	19	market	market	NOUN
fsr-3933	38	20	values	value	NOUN
fsr-3933	38	21	and	and	CCONJ
fsr-3933	38	22	extremely	extremely	ADV
fsr-3933	38	23	low	low	ADJ
fsr-3933	38	24	be	be	AUX
fsr-3933	38	25	/	/	SYM
fsr-3933	38	26	me	i	PRON
fsr-3933	38	27	ratios	ratio	NOUN
fsr-3933	39	1	but	but	CCONJ
fsr-3933	39	2	they	they	PRON
fsr-3933	39	3	bid	bid	VERB
fsr-3933	39	4	the	the	DET
fsr-3933	39	5	price	price	NOUN
fsr-3933	39	6	of	of	ADP
fsr-3933	39	7	“	"	PUNCT
fsr-3933	39	8	value	value	NOUN
fsr-3933	39	9	”	"	PUNCT
fsr-3933	39	10	fi	fi	NOUN
fsr-3933	39	11	rms	rm	NOUN
fsr-3933	39	12	down	down	ADP
fsr-3933	39	13	too	too	ADV
fsr-3933	39	14	low	low	ADV
fsr-3933	39	15	causing	cause	VERB
fsr-3933	39	16	high	high	ADJ
fsr-3933	39	17	be	be	AUX
fsr-3933	39	18	/	/	SYM
fsr-3933	39	19	me	me	PROPN
fsr-3933	39	20	ratios	ratio	NOUN
fsr-3933	39	21	.	.	PUNCT
fsr-3933	40	1	be	be	AUX
fsr-3933	40	2	/	/	SYM
fsr-3933	40	3	me	i	PRON
fsr-3933	40	4	,	,	PUNCT
fsr-3933	40	5	cash	cash	NOUN
fsr-3933	40	6	flow	flow	NOUN
fsr-3933	40	7	,	,	PUNCT
fsr-3933	40	8	and	and	CCONJ
fsr-3933	40	9	sales	sale	NOUN
fsr-3933	40	10	growth	growth	NOUN
fsr-3933	40	11	variables	variable	NOUN
fsr-3933	40	12	are	be	AUX
fsr-3933	40	13	considered	consider	VERB
fsr-3933	40	14	alternative	alternative	ADJ
fsr-3933	40	15	variables	variable	NOUN
fsr-3933	40	16	for	for	ADP
fsr-3933	40	17	categorizing	categorize	VERB
fsr-3933	40	18	value	value	NOUN
fsr-3933	40	19	/	/	SYM
fsr-3933	40	20	growth	growth	NOUN
fsr-3933	40	21	firms	firm	NOUN
fsr-3933	40	22	by	by	ADP
fsr-3933	40	23	lakonishok	lakonishok	PROPN
fsr-3933	40	24	et	et	PROPN
fsr-3933	40	25	al	al	PROPN
fsr-3933	40	26	.	.	PROPN
fsr-3933	41	1	(	(	PUNCT
fsr-3933	41	2	1994	1994	NUM
fsr-3933	41	3	)	)	PUNCT
fsr-3933	41	4	.	.	PUNCT
fsr-3933	42	1	high	high	ADJ
fsr-3933	42	2	be	be	AUX
fsr-3933	42	3	/	/	SYM
fsr-3933	42	4	me	i	PRON
fsr-3933	42	5	,	,	PUNCT
fsr-3933	42	6	high	high	ADJ
fsr-3933	42	7	cash	cash	NOUN
fsr-3933	42	8	flow	flow	NOUN
fsr-3933	42	9	,	,	PUNCT
fsr-3933	42	10	and	and	CCONJ
fsr-3933	42	11	low	low	ADJ
fsr-3933	42	12	sales	sale	NOUN
fsr-3933	42	13	growth	growth	NOUN
fsr-3933	42	14	firms	firm	NOUN
fsr-3933	42	15	are	be	AUX
fsr-3933	42	16	labeled	label	VERB
fsr-3933	42	17	as	as	ADP
fsr-3933	42	18	“	"	PUNCT
fsr-3933	42	19	value	value	NOUN
fsr-3933	42	20	”	"	PUNCT
fsr-3933	42	21	fi	fi	NOUN
fsr-3933	42	22	rms	rm	NOUN
fsr-3933	42	23	.	.	PUNCT
fsr-3933	43	1	they	they	PRON
fsr-3933	43	2	find	find	VERB
fsr-3933	43	3	that	that	SCONJ
fsr-3933	43	4	cash	cash	NOUN
fsr-3933	43	5	flow	flow	NOUN
fsr-3933	43	6	yield	yield	NOUN
fsr-3933	43	7	and	and	CCONJ
fsr-3933	43	8	sales	sale	NOUN
fsr-3933	43	9	growth	growth	NOUN
fsr-3933	43	10	362	362	NUM
fsr-3933	43	11	r.r	r.r	PROPN
fsr-3933	43	12	.	.	PROPN
fsr-3933	43	13	trecartin	trecartin	PROPN
fsr-3933	43	14	/	/	SYM
fsr-3933	43	15	financial	financial	ADJ
fsr-3933	43	16	services	service	NOUN
fsr-3933	43	17	review	review	VERB
fsr-3933	43	18	9	9	NUM
fsr-3933	43	19	(	(	PUNCT
fsr-3933	43	20	2000	2000	NUM
fsr-3933	43	21	)	)	PUNCT
fsr-3933	43	22	361–373	361–373	NUM
fsr-3933	43	23	variables	variable	NOUN
fsr-3933	43	24	capture	capture	VERB
fsr-3933	43	25	larger	large	ADJ
fsr-3933	43	26	average	average	ADJ
fsr-3933	43	27	premiums	premium	NOUN
fsr-3933	43	28	than	than	SCONJ
fsr-3933	43	29	be	be	AUX
fsr-3933	43	30	/	/	SYM
fsr-3933	43	31	me	i	PRON
fsr-3933	43	32	and	and	CCONJ
fsr-3933	43	33	size	size	VERB
fsr-3933	43	34	in	in	ADP
fsr-3933	43	35	one	one	NUM
fsr-3933	43	36	-	-	PUNCT
fsr-3933	43	37	to	to	ADP
fsr-3933	43	38	-	-	PUNCT
fsr-3933	43	39	five	five	NUM
fsr-3933	43	40	year	year	NOUN
fsr-3933	43	41	holding	hold	VERB
fsr-3933	43	42	periods	period	NOUN
fsr-3933	43	43	.	.	PUNCT
fsr-3933	44	1	davis	davis	PROPN
fsr-3933	44	2	(	(	PUNCT
fsr-3933	44	3	1994	1994	NUM
fsr-3933	44	4	)	)	PUNCT
fsr-3933	44	5	on	on	ADP
fsr-3933	44	6	the	the	DET
fsr-3933	44	7	other	other	ADJ
fsr-3933	44	8	hand	hand	NOUN
fsr-3933	44	9	does	do	AUX
fsr-3933	44	10	not	not	PART
fsr-3933	44	11	find	find	VERB
fsr-3933	44	12	a	a	DET
fsr-3933	44	13	significant	significant	ADJ
fsr-3933	44	14	sales	sale	NOUN
fsr-3933	44	15	growth	growth	NOUN
fsr-3933	44	16	variable	variable	NOUN
fsr-3933	44	17	.	.	PUNCT
fsr-3933	45	1	some	some	DET
fsr-3933	45	2	recent	recent	ADJ
fsr-3933	45	3	research	research	NOUN
fsr-3933	45	4	tends	tend	VERB
fsr-3933	45	5	not	not	PART
fsr-3933	45	6	to	to	PART
fsr-3933	45	7	support	support	VERB
fsr-3933	45	8	the	the	DET
fsr-3933	45	9	risk	risk	NOUN
fsr-3933	45	10	proxy	proxy	NOUN
fsr-3933	45	11	theory	theory	NOUN
fsr-3933	45	12	,	,	PUNCT
fsr-3933	45	13	although	although	SCONJ
fsr-3933	45	14	it	it	PRON
fsr-3933	45	15	is	be	AUX
fsr-3933	45	16	unresolved	unresolved	ADJ
fsr-3933	45	17	as	as	ADP
fsr-3933	45	18	to	to	ADP
fsr-3933	45	19	whether	whether	SCONJ
fsr-3933	45	20	the	the	DET
fsr-3933	45	21	premium	premium	NOUN
fsr-3933	45	22	captured	capture	VERB
fsr-3933	45	23	by	by	ADP
fsr-3933	45	24	be	be	AUX
fsr-3933	45	25	/	/	SYM
fsr-3933	45	26	me	i	PRON
fsr-3933	45	27	is	be	AUX
fsr-3933	45	28	due	due	ADJ
fsr-3933	45	29	to	to	ADP
fsr-3933	45	30	an	an	DET
fsr-3933	45	31	unknown	unknown	ADJ
fsr-3933	45	32	source	source	NOUN
fsr-3933	45	33	of	of	ADP
fsr-3933	45	34	risk	risk	NOUN
fsr-3933	45	35	or	or	CCONJ
fsr-3933	45	36	due	due	ADP
fsr-3933	45	37	to	to	ADP
fsr-3933	45	38	market	market	NOUN
fsr-3933	45	39	inefficiencies	inefficiency	NOUN
fsr-3933	45	40	.	.	PUNCT
fsr-3933	46	1	daniel	daniel	PROPN
fsr-3933	46	2	and	and	CCONJ
fsr-3933	46	3	titman	titman	PROPN
fsr-3933	46	4	(	(	PUNCT
fsr-3933	46	5	1997	1997	NUM
fsr-3933	46	6	)	)	PUNCT
fsr-3933	46	7	find	find	VERB
fsr-3933	46	8	no	no	DET
fsr-3933	46	9	evidence	evidence	NOUN
fsr-3933	46	10	for	for	ADP
fsr-3933	46	11	a	a	DET
fsr-3933	46	12	distress	distress	NOUN
fsr-3933	46	13	factor	factor	NOUN
fsr-3933	46	14	.	.	PUNCT
fsr-3933	47	1	la	la	PROPN
fsr-3933	47	2	porta	porta	PROPN
fsr-3933	47	3	,	,	PUNCT
fsr-3933	47	4	lakonishok	lakonishok	NOUN
fsr-3933	47	5	,	,	PUNCT
fsr-3933	47	6	shleifer	shleifer	NOUN
fsr-3933	47	7	,	,	PUNCT
fsr-3933	47	8	and	and	CCONJ
fsr-3933	47	9	vishny	vishny	PROPN
fsr-3933	47	10	(	(	PUNCT
fsr-3933	47	11	1997	1997	NUM
fsr-3933	47	12	)	)	PUNCT
fsr-3933	47	13	find	find	VERB
fsr-3933	47	14	that	that	SCONJ
fsr-3933	47	15	much	much	ADJ
fsr-3933	47	16	of	of	ADP
fsr-3933	47	17	the	the	DET
fsr-3933	47	18	difference	difference	NOUN
fsr-3933	47	19	in	in	ADP
fsr-3933	47	20	returns	return	NOUN
fsr-3933	47	21	between	between	ADP
fsr-3933	47	22	value	value	NOUN
fsr-3933	47	23	and	and	CCONJ
fsr-3933	47	24	growth	growth	NOUN
fsr-3933	47	25	firms	firm	NOUN
fsr-3933	47	26	can	can	AUX
fsr-3933	47	27	be	be	AUX
fsr-3933	47	28	attributed	attribute	VERB
fsr-3933	47	29	to	to	ADP
fsr-3933	47	30	relatively	relatively	ADV
fsr-3933	47	31	larger	large	ADJ
fsr-3933	47	32	positive	positive	ADJ
fsr-3933	47	33	earning	earning	NOUN
fsr-3933	47	34	surprises	surprise	NOUN
fsr-3933	47	35	for	for	ADP
fsr-3933	47	36	value	value	NOUN
fsr-3933	47	37	stocks	stock	NOUN
fsr-3933	47	38	.	.	PUNCT
fsr-3933	48	1	this	this	DET
fsr-3933	48	2	finding	finding	NOUN
fsr-3933	48	3	tends	tend	VERB
fsr-3933	48	4	to	to	PART
fsr-3933	48	5	support	support	VERB
fsr-3933	48	6	the	the	DET
fsr-3933	48	7	investor	investor	NOUN
fsr-3933	48	8	overreaction	overreaction	NOUN
fsr-3933	48	9	theory	theory	NOUN
fsr-3933	48	10	rather	rather	ADV
fsr-3933	48	11	than	than	ADP
fsr-3933	48	12	a	a	DET
fsr-3933	48	13	risk	risk	NOUN
fsr-3933	48	14	based	base	VERB
fsr-3933	48	15	explanation	explanation	NOUN
fsr-3933	48	16	.	.	PUNCT
fsr-3933	49	1	dechow	dechow	ADJ
fsr-3933	49	2	and	and	CCONJ
fsr-3933	49	3	sloan	sloan	PROPN
fsr-3933	49	4	(	(	PUNCT
fsr-3933	49	5	1997	1997	NUM
fsr-3933	49	6	)	)	PUNCT
fsr-3933	49	7	counter	counter	VERB
fsr-3933	49	8	the	the	DET
fsr-3933	49	9	overreaction	overreaction	NOUN
fsr-3933	49	10	literature	literature	NOUN
fsr-3933	49	11	by	by	ADP
fsr-3933	49	12	showing	show	VERB
fsr-3933	49	13	that	that	SCONJ
fsr-3933	49	14	prices	price	NOUN
fsr-3933	49	15	are	be	AUX
fsr-3933	49	16	affected	affect	VERB
fsr-3933	49	17	by	by	ADP
fsr-3933	49	18	misplaced	misplaced	ADJ
fsr-3933	49	19	investor	investor	NOUN
fsr-3933	49	20	belief	belief	NOUN
fsr-3933	49	21	in	in	ADP
fsr-3933	49	22	biased	biased	ADJ
fsr-3933	49	23	analyst	analyst	NOUN
fsr-3933	49	24	forecasts	forecast	NOUN
fsr-3933	49	25	.	.	PUNCT
fsr-3933	50	1	whether	whether	SCONJ
fsr-3933	50	2	these	these	DET
fsr-3933	50	3	biased	biased	ADJ
fsr-3933	50	4	forecasts	forecast	NOUN
fsr-3933	50	5	contribute	contribute	VERB
fsr-3933	50	6	to	to	ADP
fsr-3933	50	7	a	a	DET
fsr-3933	50	8	risk	risk	NOUN
fsr-3933	50	9	based	base	VERB
fsr-3933	50	10	explanation	explanation	NOUN
fsr-3933	50	11	is	be	AUX
fsr-3933	50	12	yet	yet	ADV
fsr-3933	50	13	to	to	PART
fsr-3933	50	14	be	be	AUX
fsr-3933	50	15	determined	determine	VERB
fsr-3933	50	16	.	.	PUNCT
fsr-3933	51	1	loughran	loughran	NOUN
fsr-3933	51	2	(	(	PUNCT
fsr-3933	51	3	1997	1997	NUM
fsr-3933	51	4	)	)	PUNCT
fsr-3933	51	5	and	and	CCONJ
fsr-3933	51	6	loughran	loughran	NOUN
fsr-3933	51	7	and	and	CCONJ
fsr-3933	51	8	ritter	ritter	PROPN
fsr-3933	51	9	(	(	PUNCT
fsr-3933	51	10	2000	2000	NUM
fsr-3933	51	11	)	)	PUNCT
fsr-3933	51	12	call	call	VERB
fsr-3933	51	13	into	into	ADP
fsr-3933	51	14	question	question	NOUN
fsr-3933	51	15	the	the	DET
fsr-3933	51	16	usefulness	usefulness	NOUN
fsr-3933	51	17	of	of	ADP
fsr-3933	51	18	the	the	DET
fsr-3933	51	19	be	be	NOUN
fsr-3933	51	20	/	/	SYM
fsr-3933	51	21	me	i	PRON
fsr-3933	51	22	effect	effect	NOUN
fsr-3933	51	23	altogether	altogether	ADV
fsr-3933	51	24	.	.	PUNCT
fsr-3933	52	1	loughran	loughran	NOUN
fsr-3933	52	2	(	(	PUNCT
fsr-3933	52	3	1997	1997	NUM
fsr-3933	52	4	)	)	PUNCT
fsr-3933	52	5	examines	examine	VERB
fsr-3933	52	6	the	the	DET
fsr-3933	52	7	book	book	NOUN
fsr-3933	52	8	-	-	PUNCT
fsr-3933	52	9	to	to	ADP
fsr-3933	52	10	-	-	PUNCT
fsr-3933	52	11	market	market	NOUN
fsr-3933	52	12	effect	effect	NOUN
fsr-3933	52	13	in	in	ADP
fsr-3933	52	14	detail	detail	NOUN
fsr-3933	52	15	by	by	ADP
fsr-3933	52	16	firm	firm	ADJ
fsr-3933	52	17	size	size	NOUN
fsr-3933	52	18	,	,	PUNCT
fsr-3933	52	19	exchange	exchange	NOUN
fsr-3933	52	20	listing	listing	NOUN
fsr-3933	52	21	,	,	PUNCT
fsr-3933	52	22	and	and	CCONJ
fsr-3933	52	23	calendar	calendar	NOUN
fsr-3933	52	24	seasonality	seasonality	NOUN
fsr-3933	52	25	and	and	CCONJ
fsr-3933	52	26	concludes	conclude	VERB
fsr-3933	52	27	that	that	SCONJ
fsr-3933	52	28	the	the	DET
fsr-3933	52	29	fama	fama	NOUN
fsr-3933	52	30	and	and	CCONJ
fsr-3933	52	31	french	french	ADJ
fsr-3933	52	32	findings	finding	NOUN
fsr-3933	52	33	are	be	AUX
fsr-3933	52	34	driven	drive	VERB
fsr-3933	52	35	by	by	ADP
fsr-3933	52	36	the	the	DET
fsr-3933	52	37	january	january	PROPN
fsr-3933	52	38	effect	effect	NOUN
fsr-3933	52	39	and	and	CCONJ
fsr-3933	52	40	low	low	ADJ
fsr-3933	52	41	returns	return	NOUN
fsr-3933	52	42	on	on	ADP
fsr-3933	52	43	small	small	ADJ
fsr-3933	52	44	,	,	PUNCT
fsr-3933	52	45	young	young	ADJ
fsr-3933	52	46	,	,	PUNCT
fsr-3933	52	47	growth	growth	NOUN
fsr-3933	52	48	stocks	stock	NOUN
fsr-3933	52	49	.	.	PUNCT
fsr-3933	53	1	he	he	PRON
fsr-3933	53	2	finds	find	VERB
fsr-3933	53	3	that	that	PRON
fsr-3933	53	4	book	book	NOUN
fsr-3933	53	5	-	-	PUNCT
fsr-3933	53	6	to	to	ADP
fsr-3933	53	7	-	-	PUNCT
fsr-3933	53	8	market	market	NOUN
fsr-3933	53	9	has	have	VERB
fsr-3933	53	10	no	no	DET
fsr-3933	53	11	explanatory	explanatory	ADJ
fsr-3933	53	12	effect	effect	NOUN
fsr-3933	53	13	in	in	ADP
fsr-3933	53	14	the	the	DET
fsr-3933	53	15	largest	large	ADJ
fsr-3933	53	16	size	size	NOUN
fsr-3933	53	17	quintile	quintile	NOUN
fsr-3933	53	18	,	,	PUNCT
fsr-3933	53	19	which	which	PRON
fsr-3933	53	20	has	have	VERB
fsr-3933	53	21	73	73	NUM
fsr-3933	53	22	%	%	NOUN
fsr-3933	53	23	of	of	ADP
fsr-3933	53	24	the	the	DET
fsr-3933	53	25	market	market	NOUN
fsr-3933	53	26	capitalization	capitalization	NOUN
fsr-3933	53	27	.	.	PUNCT
fsr-3933	54	1	he	he	PRON
fsr-3933	54	2	assumes	assume	VERB
fsr-3933	54	3	that	that	SCONJ
fsr-3933	54	4	the	the	DET
fsr-3933	54	5	effect	effect	NOUN
fsr-3933	54	6	is	be	AUX
fsr-3933	54	7	not	not	PART
fsr-3933	54	8	useful	useful	ADJ
fsr-3933	54	9	for	for	ADP
fsr-3933	54	10	professional	professional	ADJ
fsr-3933	54	11	investors	investor	NOUN
fsr-3933	54	12	who	who	PRON
fsr-3933	54	13	must	must	AUX
fsr-3933	54	14	take	take	VERB
fsr-3933	54	15	into	into	ADP
fsr-3933	54	16	consideration	consideration	NOUN
fsr-3933	54	17	other	other	ADJ
fsr-3933	54	18	factors	factor	NOUN
fsr-3933	54	19	such	such	ADJ
fsr-3933	54	20	as	as	ADP
fsr-3933	54	21	liquidity	liquidity	NOUN
fsr-3933	54	22	when	when	SCONJ
fsr-3933	54	23	forming	form	VERB
fsr-3933	54	24	portfolios	portfolio	NOUN
fsr-3933	54	25	and	and	CCONJ
fsr-3933	54	26	investment	investment	NOUN
fsr-3933	54	27	strategies	strategy	NOUN
fsr-3933	54	28	.	.	PUNCT
fsr-3933	55	1	he	he	PRON
fsr-3933	55	2	uses	use	VERB
fsr-3933	55	3	this	this	DET
fsr-3933	55	4	argument	argument	NOUN
fsr-3933	55	5	to	to	PART
fsr-3933	55	6	explain	explain	VERB
fsr-3933	55	7	why	why	SCONJ
fsr-3933	55	8	value	value	NOUN
fsr-3933	55	9	fund	fund	NOUN
fsr-3933	55	10	and	and	CCONJ
fsr-3933	55	11	growth	growth	NOUN
fsr-3933	55	12	fund	fund	NOUN
fsr-3933	55	13	manager	manager	NOUN
fsr-3933	55	14	performance	performance	NOUN
fsr-3933	55	15	is	be	AUX
fsr-3933	55	16	so	so	ADV
fsr-3933	55	17	comparable	comparable	ADJ
fsr-3933	55	18	as	as	ADP
fsr-3933	55	19	in	in	ADP
fsr-3933	55	20	malkiel	malkiel	PROPN
fsr-3933	55	21	(	(	PUNCT
fsr-3933	55	22	1995	1995	NUM
fsr-3933	55	23	)	)	PUNCT
fsr-3933	55	24	.	.	PUNCT
fsr-3933	56	1	lakonishok	lakonishok	NOUN
fsr-3933	56	2	,	,	PUNCT
fsr-3933	56	3	shleifer	shleifer	VERB
fsr-3933	56	4	,	,	PUNCT
fsr-3933	56	5	and	and	CCONJ
fsr-3933	56	6	vishney	vishney	NOUN
fsr-3933	56	7	(	(	PUNCT
fsr-3933	56	8	1994	1994	NUM
fsr-3933	56	9	)	)	PUNCT
fsr-3933	56	10	,	,	PUNCT
fsr-3933	56	11	and	and	CCONJ
fsr-3933	56	12	haugen	haugen	PROPN
fsr-3933	56	13	(	(	PUNCT
fsr-3933	56	14	1995	1995	NUM
fsr-3933	56	15	)	)	PUNCT
fsr-3933	56	16	give	give	VERB
fsr-3933	56	17	a	a	DET
fsr-3933	56	18	different	different	ADJ
fsr-3933	56	19	rationale	rationale	NOUN
fsr-3933	56	20	as	as	ADP
fsr-3933	56	21	to	to	ADP
fsr-3933	56	22	why	why	SCONJ
fsr-3933	56	23	fund	fund	NOUN
fsr-3933	56	24	managers	manager	NOUN
fsr-3933	56	25	may	may	AUX
fsr-3933	56	26	avoid	avoid	VERB
fsr-3933	56	27	investing	invest	VERB
fsr-3933	56	28	in	in	ADP
fsr-3933	56	29	value	value	NOUN
fsr-3933	56	30	firms	firm	NOUN
fsr-3933	56	31	on	on	ADP
fsr-3933	56	32	the	the	DET
fsr-3933	56	33	extreme	extreme	ADJ
fsr-3933	56	34	end	end	NOUN
fsr-3933	56	35	of	of	ADP
fsr-3933	56	36	the	the	DET
fsr-3933	56	37	continuum	continuum	PROPN
fsr-3933	56	38	.	.	PUNCT
fsr-3933	57	1	they	they	PRON
fsr-3933	57	2	reason	reason	VERB
fsr-3933	57	3	that	that	SCONJ
fsr-3933	57	4	professional	professional	ADJ
fsr-3933	57	5	money	money	NOUN
fsr-3933	57	6	managers	manager	NOUN
fsr-3933	57	7	can	can	AUX
fsr-3933	57	8	not	not	PART
fsr-3933	57	9	risk	risk	VERB
fsr-3933	57	10	having	have	VERB
fsr-3933	57	11	a	a	DET
fsr-3933	57	12	portfolio	portfolio	NOUN
fsr-3933	57	13	that	that	PRON
fsr-3933	57	14	substantially	substantially	ADV
fsr-3933	57	15	underperforms	underperform	VERB
fsr-3933	57	16	the	the	DET
fsr-3933	57	17	market	market	NOUN
fsr-3933	57	18	even	even	ADV
fsr-3933	57	19	on	on	ADP
fsr-3933	57	20	a	a	DET
fsr-3933	57	21	short	short	ADJ
fsr-3933	57	22	-	-	PUNCT
fsr-3933	57	23	term	term	NOUN
fsr-3933	57	24	basis	basis	NOUN
fsr-3933	57	25	because	because	SCONJ
fsr-3933	57	26	performance	performance	NOUN
fsr-3933	57	27	is	be	AUX
fsr-3933	57	28	measured	measure	VERB
fsr-3933	57	29	and	and	CCONJ
fsr-3933	57	30	rewarded	reward	VERB
fsr-3933	57	31	monthly	monthly	ADJ
fsr-3933	57	32	or	or	CCONJ
fsr-3933	57	33	quarterly	quarterly	NOUN
fsr-3933	57	34	.	.	PUNCT
fsr-3933	58	1	haugen	haugen	PROPN
fsr-3933	58	2	(	(	PUNCT
fsr-3933	58	3	1995	1995	NUM
fsr-3933	58	4	)	)	PUNCT
fsr-3933	58	5	claims	claim	VERB
fsr-3933	58	6	that	that	SCONJ
fsr-3933	58	7	the	the	DET
fsr-3933	58	8	value	value	NOUN
fsr-3933	58	9	effect	effect	NOUN
fsr-3933	58	10	is	be	AUX
fsr-3933	58	11	a	a	DET
fsr-3933	58	12	“	"	PUNCT
fsr-3933	58	13	golden	golden	ADJ
fsr-3933	58	14	opportunity	opportunity	NOUN
fsr-3933	58	15	”	"	PUNCT
fsr-3933	58	16	for	for	ADP
fsr-3933	58	17	individual	individual	ADJ
fsr-3933	58	18	investors	investor	NOUN
fsr-3933	58	19	who	who	PRON
fsr-3933	58	20	can	can	AUX
fsr-3933	58	21	continue	continue	VERB
fsr-3933	58	22	to	to	PART
fsr-3933	58	23	earn	earn	VERB
fsr-3933	58	24	above	above	ADP
fsr-3933	58	25	normal	normal	ADJ
fsr-3933	58	26	long	long	ADJ
fsr-3933	58	27	-	-	PUNCT
fsr-3933	58	28	term	term	NOUN
fsr-3933	58	29	returns	return	NOUN
fsr-3933	58	30	.	.	PUNCT
fsr-3933	59	1	he	he	PRON
fsr-3933	59	2	suggests	suggest	VERB
fsr-3933	59	3	that	that	SCONJ
fsr-3933	59	4	the	the	DET
fsr-3933	59	5	effect	effect	NOUN
fsr-3933	59	6	should	should	AUX
fsr-3933	59	7	continue	continue	VERB
fsr-3933	59	8	to	to	PART
fsr-3933	59	9	persist	persist	VERB
fsr-3933	59	10	because	because	SCONJ
fsr-3933	59	11	of	of	ADP
fsr-3933	59	12	the	the	DET
fsr-3933	59	13	potential	potential	ADJ
fsr-3933	59	14	short	short	ADJ
fsr-3933	59	15	-	-	PUNCT
fsr-3933	59	16	term	term	NOUN
fsr-3933	59	17	uncertainty	uncertainty	NOUN
fsr-3933	59	18	in	in	ADP
fsr-3933	59	19	returns	return	NOUN
fsr-3933	59	20	which	which	PRON
fsr-3933	59	21	drives	drive	VERB
fsr-3933	59	22	away	away	ADV
fsr-3933	59	23	the	the	DET
fsr-3933	59	24	professional	professional	ADJ
fsr-3933	59	25	managers	manager	NOUN
fsr-3933	59	26	.	.	PUNCT
fsr-3933	60	1	dhatt	dhatt	ADJ
fsr-3933	60	2	,	,	PUNCT
fsr-3933	60	3	kim	kim	PROPN
fsr-3933	60	4	,	,	PUNCT
fsr-3933	60	5	and	and	CCONJ
fsr-3933	60	6	mukherji	mukherji	PROPN
fsr-3933	60	7	(	(	PUNCT
fsr-3933	60	8	1999	1999	NUM
fsr-3933	60	9	)	)	PUNCT
fsr-3933	60	10	present	present	ADJ
fsr-3933	60	11	findings	finding	NOUN
fsr-3933	60	12	that	that	PRON
fsr-3933	60	13	partly	partly	ADV
fsr-3933	60	14	disagree	disagree	VERB
fsr-3933	60	15	with	with	ADP
fsr-3933	60	16	loughran	loughran	NOUN
fsr-3933	60	17	’s	’s	PART
fsr-3933	60	18	(	(	PUNCT
fsr-3933	60	19	1997	1997	NUM
fsr-3933	60	20	)	)	PUNCT
fsr-3933	60	21	premise	premise	NOUN
fsr-3933	60	22	.	.	PUNCT
fsr-3933	61	1	they	they	PRON
fsr-3933	61	2	show	show	VERB
fsr-3933	61	3	that	that	SCONJ
fsr-3933	61	4	an	an	DET
fsr-3933	61	5	exploitable	exploitable	ADJ
fsr-3933	61	6	value	value	NOUN
fsr-3933	61	7	premium	premium	NOUN
fsr-3933	61	8	exists	exist	VERB
fsr-3933	61	9	for	for	ADP
fsr-3933	61	10	stocks	stock	NOUN
fsr-3933	61	11	in	in	ADP
fsr-3933	61	12	the	the	DET
fsr-3933	61	13	russell	russell	PROPN
fsr-3933	61	14	2000	2000	NUM
fsr-3933	61	15	index	index	NOUN
fsr-3933	61	16	in	in	ADP
fsr-3933	61	17	general	general	ADJ
fsr-3933	61	18	,	,	PUNCT
fsr-3933	61	19	and	and	CCONJ
fsr-3933	61	20	for	for	ADP
fsr-3933	61	21	liquid	liquid	ADJ
fsr-3933	61	22	stocks	stock	NOUN
fsr-3933	61	23	other	other	ADJ
fsr-3933	61	24	than	than	ADP
fsr-3933	61	25	the	the	DET
fsr-3933	61	26	smallest	small	ADJ
fsr-3933	61	27	size	size	NOUN
fsr-3933	61	28	quintile	quintile	NOUN
fsr-3933	61	29	in	in	ADP
fsr-3933	61	30	particular	particular	ADJ
fsr-3933	61	31	.	.	PUNCT
fsr-3933	62	1	furthermore	furthermore	ADV
fsr-3933	62	2	they	they	PRON
fsr-3933	62	3	document	document	VERB
fsr-3933	62	4	a	a	DET
fsr-3933	62	5	value	value	NOUN
fsr-3933	62	6	premium	premium	NOUN
fsr-3933	62	7	outside	outside	ADP
fsr-3933	62	8	of	of	ADP
fsr-3933	62	9	january	january	PROPN
fsr-3933	62	10	.	.	PUNCT
fsr-3933	63	1	this	this	DET
fsr-3933	63	2	finding	finding	NOUN
fsr-3933	63	3	is	be	AUX
fsr-3933	63	4	consistent	consistent	ADJ
fsr-3933	63	5	with	with	ADP
fsr-3933	63	6	the	the	DET
fsr-3933	63	7	findings	finding	NOUN
fsr-3933	63	8	of	of	ADP
fsr-3933	63	9	loughran	loughran	NOUN
fsr-3933	63	10	(	(	PUNCT
fsr-3933	63	11	1997	1997	NUM
fsr-3933	63	12	)	)	PUNCT
fsr-3933	63	13	for	for	ADP
fsr-3933	63	14	nasdaq	nasdaq	PROPN
fsr-3933	63	15	and	and	CCONJ
fsr-3933	63	16	amex	amex	PROPN
fsr-3933	63	17	stocks	stock	NOUN
fsr-3933	63	18	but	but	CCONJ
fsr-3933	63	19	not	not	PART
fsr-3933	63	20	for	for	ADP
fsr-3933	63	21	nyse	nyse	PROPN
fsr-3933	63	22	firms	firm	NOUN
fsr-3933	63	23	.	.	PUNCT
fsr-3933	64	1	chan	chan	PROPN
fsr-3933	64	2	et	et	PROPN
fsr-3933	64	3	al	al	PROPN
fsr-3933	64	4	.	.	PROPN
fsr-3933	65	1	(	(	PUNCT
fsr-3933	65	2	1998	1998	NUM
fsr-3933	65	3	)	)	PUNCT
fsr-3933	65	4	document	document	NOUN
fsr-3933	65	5	strong	strong	ADJ
fsr-3933	65	6	size	size	NOUN
fsr-3933	65	7	,	,	PUNCT
fsr-3933	65	8	be	be	AUX
fsr-3933	65	9	/	/	SYM
fsr-3933	65	10	me	i	PRON
fsr-3933	65	11	,	,	PUNCT
fsr-3933	65	12	and	and	CCONJ
fsr-3933	65	13	dividend	dividend	NOUN
fsr-3933	65	14	yield	yield	NOUN
fsr-3933	65	15	comovements	comovement	NOUN
fsr-3933	65	16	in	in	ADP
fsr-3933	65	17	stock	stock	NOUN
fsr-3933	65	18	returns	return	NOUN
fsr-3933	65	19	.	.	PUNCT
fsr-3933	66	1	in	in	ADP
fsr-3933	66	2	addition	addition	NOUN
fsr-3933	66	3	to	to	ADP
fsr-3933	66	4	the	the	DET
fsr-3933	66	5	most	most	ADV
fsr-3933	66	6	widely	widely	ADV
fsr-3933	66	7	used	use	VERB
fsr-3933	66	8	fundamental	fundamental	ADJ
fsr-3933	66	9	factors	factor	NOUN
fsr-3933	66	10	,	,	PUNCT
fsr-3933	66	11	they	they	PRON
fsr-3933	66	12	also	also	ADV
fsr-3933	66	13	examine	examine	VERB
fsr-3933	66	14	a	a	DET
fsr-3933	66	15	number	number	NOUN
fsr-3933	66	16	of	of	ADP
fsr-3933	66	17	competing	compete	VERB
fsr-3933	66	18	macroeconomic	macroeconomic	ADJ
fsr-3933	66	19	,	,	PUNCT
fsr-3933	66	20	statistical	statistical	ADJ
fsr-3933	66	21	,	,	PUNCT
fsr-3933	66	22	and	and	CCONJ
fsr-3933	66	23	technical	technical	ADJ
fsr-3933	66	24	factors	factor	NOUN
fsr-3933	66	25	as	as	ADV
fsr-3933	66	26	well	well	ADV
fsr-3933	66	27	as	as	ADP
fsr-3933	66	28	an	an	DET
fsr-3933	66	29	overall	overall	ADJ
fsr-3933	66	30	market	market	NOUN
fsr-3933	66	31	factor	factor	NOUN
fsr-3933	66	32	.	.	PUNCT
fsr-3933	67	1	they	they	PRON
fsr-3933	67	2	do	do	AUX
fsr-3933	67	3	not	not	PART
fsr-3933	67	4	examine	examine	VERB
fsr-3933	67	5	the	the	DET
fsr-3933	67	6	sales	sale	NOUN
fsr-3933	67	7	growth	growth	NOUN
fsr-3933	67	8	variable	variable	NOUN
fsr-3933	67	9	among	among	ADP
fsr-3933	67	10	their	their	PRON
fsr-3933	67	11	other	other	ADJ
fsr-3933	67	12	factors	factor	NOUN
fsr-3933	67	13	.	.	PUNCT
fsr-3933	68	1	chan	chan	PROPN
fsr-3933	68	2	et	et	PROPN
fsr-3933	68	3	al	al	PROPN
fsr-3933	68	4	.	.	PROPN
fsr-3933	69	1	(	(	PUNCT
fsr-3933	69	2	1998	1998	NUM
fsr-3933	69	3	)	)	PUNCT
fsr-3933	69	4	also	also	ADV
fsr-3933	69	5	point	point	VERB
fsr-3933	69	6	out	out	ADP
fsr-3933	69	7	that	that	DET
fsr-3933	69	8	comovement	comovement	NOUN
fsr-3933	69	9	in	in	ADP
fsr-3933	69	10	returns	return	NOUN
fsr-3933	69	11	is	be	AUX
fsr-3933	69	12	not	not	PART
fsr-3933	69	13	the	the	DET
fsr-3933	69	14	same	same	ADJ
fsr-3933	69	15	as	as	ADP
fsr-3933	69	16	a	a	DET
fsr-3933	69	17	priced	price	VERB
fsr-3933	69	18	factor	factor	NOUN
fsr-3933	69	19	in	in	ADP
fsr-3933	69	20	returns	return	NOUN
fsr-3933	69	21	.	.	PUNCT
fsr-3933	70	1	for	for	ADP
fsr-3933	70	2	example	example	NOUN
fsr-3933	70	3	,	,	PUNCT
fsr-3933	70	4	their	their	PRON
fsr-3933	70	5	strongest	strong	ADJ
fsr-3933	70	6	fundamental	fundamental	ADJ
fsr-3933	70	7	factor	factor	NOUN
fsr-3933	70	8	,	,	PUNCT
fsr-3933	70	9	the	the	DET
fsr-3933	70	10	size	size	NOUN
fsr-3933	70	11	variable	variable	NOUN
fsr-3933	70	12	,	,	PUNCT
fsr-3933	70	13	tends	tend	VERB
fsr-3933	70	14	to	to	PART
fsr-3933	70	15	load	load	VERB
fsr-3933	70	16	on	on	ADP
fsr-3933	70	17	large	large	ADJ
fsr-3933	70	18	firms	firm	NOUN
fsr-3933	70	19	part	part	NOUN
fsr-3933	70	20	of	of	ADP
fsr-3933	70	21	the	the	DET
fsr-3933	70	22	time	time	NOUN
fsr-3933	70	23	and	and	CCONJ
fsr-3933	70	24	then	then	ADV
fsr-3933	70	25	switches	switch	VERB
fsr-3933	70	26	over	over	ADP
fsr-3933	70	27	to	to	ADP
fsr-3933	70	28	small	small	ADJ
fsr-3933	70	29	firms	firm	NOUN
fsr-3933	70	30	.	.	PUNCT
fsr-3933	71	1	this	this	PRON
fsr-3933	71	2	causes	cause	VERB
fsr-3933	71	3	the	the	DET
fsr-3933	71	4	size	size	NOUN
fsr-3933	71	5	factor	factor	NOUN
fsr-3933	71	6	to	to	PART
fsr-3933	71	7	provide	provide	VERB
fsr-3933	71	8	the	the	DET
fsr-3933	71	9	highest	high	ADJ
fsr-3933	71	10	variation	variation	NOUN
fsr-3933	71	11	among	among	ADP
fsr-3933	71	12	fundamental	fundamental	ADJ
fsr-3933	71	13	factors	factor	NOUN
fsr-3933	71	14	over	over	ADP
fsr-3933	71	15	time	time	NOUN
fsr-3933	71	16	.	.	PUNCT
fsr-3933	72	1	their	their	PRON
fsr-3933	72	2	findings	finding	NOUN
fsr-3933	72	3	do	do	AUX
fsr-3933	72	4	not	not	PART
fsr-3933	72	5	directly	directly	ADV
fsr-3933	72	6	contribute	contribute	VERB
fsr-3933	72	7	to	to	ADP
fsr-3933	72	8	a	a	DET
fsr-3933	72	9	further	further	ADJ
fsr-3933	72	10	understanding	understanding	NOUN
fsr-3933	72	11	of	of	ADP
fsr-3933	72	12	whether	whether	SCONJ
fsr-3933	72	13	these	these	DET
fsr-3933	72	14	factors	factor	NOUN
fsr-3933	72	15	are	be	AUX
fsr-3933	72	16	risk	risk	NOUN
fsr-3933	72	17	based	base	VERB
fsr-3933	72	18	or	or	CCONJ
fsr-3933	72	19	363r.r	363r.r	NOUN
fsr-3933	72	20	.	.	PUNCT
fsr-3933	73	1	trecartin	trecartin	PROPN
fsr-3933	73	2	/	/	SYM
fsr-3933	73	3	financial	financial	ADJ
fsr-3933	73	4	services	service	NOUN
fsr-3933	73	5	review	review	VERB
fsr-3933	73	6	9	9	NUM
fsr-3933	73	7	(	(	PUNCT
fsr-3933	73	8	2000	2000	NUM
fsr-3933	73	9	)	)	PUNCT
fsr-3933	74	1	361–373	361–373	NUM
fsr-3933	74	2	caused	cause	VERB
fsr-3933	74	3	by	by	ADP
fsr-3933	74	4	behavioral	behavioral	ADJ
fsr-3933	74	5	aberrations	aberration	NOUN
fsr-3933	74	6	,	,	PUNCT
fsr-3933	74	7	but	but	CCONJ
fsr-3933	74	8	they	they	PRON
fsr-3933	74	9	do	do	AUX
fsr-3933	74	10	provide	provide	VERB
fsr-3933	74	11	information	information	NOUN
fsr-3933	74	12	on	on	ADP
fsr-3933	74	13	which	which	PRON
fsr-3933	74	14	variables	variable	NOUN
fsr-3933	74	15	generate	generate	VERB
fsr-3933	74	16	the	the	DET
fsr-3933	74	17	largest	large	ADJ
fsr-3933	74	18	variation	variation	NOUN
fsr-3933	74	19	in	in	ADP
fsr-3933	74	20	returns	return	NOUN
fsr-3933	74	21	.	.	PUNCT
fsr-3933	75	1	in	in	ADP
fsr-3933	75	2	the	the	DET
fsr-3933	75	3	following	follow	VERB
fsr-3933	75	4	report	report	NOUN
fsr-3933	75	5	,	,	PUNCT
fsr-3933	75	6	an	an	DET
fsr-3933	75	7	examination	examination	NOUN
fsr-3933	75	8	of	of	ADP
fsr-3933	75	9	the	the	DET
fsr-3933	75	10	short	short	ADJ
fsr-3933	75	11	-	-	PUNCT
fsr-3933	75	12	term	term	NOUN
fsr-3933	75	13	nature	nature	NOUN
fsr-3933	75	14	of	of	ADP
fsr-3933	75	15	the	the	DET
fsr-3933	75	16	value	value	NOUN
fsr-3933	75	17	effect	effect	NOUN
fsr-3933	75	18	provides	provide	VERB
fsr-3933	75	19	evidence	evidence	NOUN
fsr-3933	75	20	concerning	concern	VERB
fsr-3933	75	21	the	the	DET
fsr-3933	75	22	usefulness	usefulness	NOUN
fsr-3933	75	23	of	of	ADP
fsr-3933	75	24	the	the	DET
fsr-3933	75	25	strategy	strategy	NOUN
fsr-3933	75	26	,	,	PUNCT
fsr-3933	75	27	and	and	CCONJ
fsr-3933	75	28	also	also	ADV
fsr-3933	75	29	contributes	contribute	VERB
fsr-3933	75	30	new	new	ADJ
fsr-3933	75	31	information	information	NOUN
fsr-3933	75	32	to	to	ADP
fsr-3933	75	33	the	the	DET
fsr-3933	75	34	risk	risk	NOUN
fsr-3933	75	35	-	-	PUNCT
fsr-3933	75	36	proxy	proxy	NOUN
fsr-3933	75	37	versus	versus	ADP
fsr-3933	75	38	overreaction	overreaction	NOUN
fsr-3933	75	39	debate	debate	NOUN
fsr-3933	75	40	.	.	PUNCT
fsr-3933	76	1	in	in	ADP
fsr-3933	76	2	constructing	construct	VERB
fsr-3933	76	3	the	the	DET
fsr-3933	76	4	study	study	NOUN
fsr-3933	76	5	three	three	NUM
fsr-3933	76	6	issues	issue	NOUN
fsr-3933	76	7	are	be	AUX
fsr-3933	76	8	taken	take	VERB
fsr-3933	76	9	into	into	ADP
fsr-3933	76	10	account	account	NOUN
fsr-3933	76	11	.	.	PUNCT
fsr-3933	77	1	first	first	ADV
fsr-3933	77	2	,	,	PUNCT
fsr-3933	77	3	can	can	AUX
fsr-3933	77	4	the	the	DET
fsr-3933	77	5	long	long	ADJ
fsr-3933	77	6	term	term	NOUN
fsr-3933	77	7	returns	return	NOUN
fsr-3933	77	8	documented	document	VERB
fsr-3933	77	9	in	in	ADP
fsr-3933	77	10	the	the	DET
fsr-3933	77	11	above	above	ADJ
fsr-3933	77	12	studies	study	NOUN
fsr-3933	77	13	,	,	PUNCT
fsr-3933	77	14	be	be	AUX
fsr-3933	77	15	consistently	consistently	ADV
fsr-3933	77	16	captured	capture	VERB
fsr-3933	77	17	on	on	ADP
fsr-3933	77	18	a	a	DET
fsr-3933	77	19	short	short	ADJ
fsr-3933	77	20	-	-	PUNCT
fsr-3933	77	21	term	term	NOUN
fsr-3933	77	22	basis	basis	NOUN
fsr-3933	77	23	?	?	PUNCT
fsr-3933	78	1	if	if	SCONJ
fsr-3933	78	2	so	so	ADV
fsr-3933	78	3	,	,	PUNCT
fsr-3933	78	4	then	then	ADV
fsr-3933	78	5	money	money	NOUN
fsr-3933	78	6	managers	manager	NOUN
fsr-3933	78	7	would	would	AUX
fsr-3933	78	8	be	be	AUX
fsr-3933	78	9	expected	expect	VERB
fsr-3933	78	10	to	to	PART
fsr-3933	78	11	participate	participate	VERB
fsr-3933	78	12	if	if	SCONJ
fsr-3933	78	13	loughran	loughran	VERB
fsr-3933	78	14	’s	’s	ADV
fsr-3933	78	15	(	(	PUNCT
fsr-3933	78	16	1997	1997	NUM
fsr-3933	78	17	)	)	PUNCT
fsr-3933	78	18	liquidity	liquidity	NOUN
fsr-3933	78	19	theory	theory	NOUN
fsr-3933	78	20	is	be	AUX
fsr-3933	78	21	not	not	PART
fsr-3933	78	22	applicable	applicable	ADJ
fsr-3933	78	23	.	.	PUNCT
fsr-3933	79	1	if	if	SCONJ
fsr-3933	79	2	not	not	PART
fsr-3933	79	3	,	,	PUNCT
fsr-3933	79	4	then	then	ADV
fsr-3933	79	5	this	this	PRON
fsr-3933	79	6	may	may	AUX
fsr-3933	79	7	explain	explain	VERB
fsr-3933	79	8	why	why	SCONJ
fsr-3933	79	9	managers	manager	NOUN
fsr-3933	79	10	avoid	avoid	VERB
fsr-3933	79	11	these	these	DET
fsr-3933	79	12	securities	security	NOUN
fsr-3933	79	13	.	.	PUNCT
fsr-3933	80	1	second	second	ADJ
fsr-3933	80	2	,	,	PUNCT
fsr-3933	80	3	does	do	AUX
fsr-3933	80	4	the	the	DET
fsr-3933	80	5	be	be	AUX
fsr-3933	80	6	/	/	SYM
fsr-3933	80	7	me	i	PRON
fsr-3933	80	8	variable	variable	ADJ
fsr-3933	80	9	do	do	VERB
fsr-3933	80	10	the	the	DET
fsr-3933	80	11	best	good	ADJ
fsr-3933	80	12	job	job	NOUN
fsr-3933	80	13	of	of	ADP
fsr-3933	80	14	predicting	predict	VERB
fsr-3933	80	15	return	return	NOUN
fsr-3933	80	16	,	,	PUNCT
fsr-3933	80	17	or	or	CCONJ
fsr-3933	80	18	are	be	AUX
fsr-3933	80	19	there	there	PRON
fsr-3933	80	20	better	well	ADJ
fsr-3933	80	21	alternative	alternative	ADJ
fsr-3933	80	22	value	value	NOUN
fsr-3933	80	23	/	/	SYM
fsr-3933	80	24	growth	growth	NOUN
fsr-3933	80	25	variables	variable	NOUN
fsr-3933	80	26	?	?	PUNCT
fsr-3933	81	1	and	and	CCONJ
fsr-3933	81	2	third	third	ADV
fsr-3933	81	3	,	,	PUNCT
fsr-3933	81	4	when	when	SCONJ
fsr-3933	81	5	the	the	DET
fsr-3933	81	6	results	result	NOUN
fsr-3933	81	7	are	be	AUX
fsr-3933	81	8	known	know	VERB
fsr-3933	81	9	do	do	AUX
fsr-3933	81	10	they	they	PRON
fsr-3933	81	11	support	support	VERB
fsr-3933	81	12	the	the	DET
fsr-3933	81	13	risk	risk	NOUN
fsr-3933	81	14	proxy	proxy	NOUN
fsr-3933	81	15	theory	theory	NOUN
fsr-3933	81	16	or	or	CCONJ
fsr-3933	81	17	the	the	DET
fsr-3933	81	18	investor	investor	NOUN
fsr-3933	81	19	overreaction	overreaction	NOUN
fsr-3933	81	20	explanation	explanation	NOUN
fsr-3933	81	21	?	?	PUNCT
fsr-3933	82	1	in	in	ADP
fsr-3933	82	2	an	an	DET
fsr-3933	82	3	efficient	efficient	ADJ
fsr-3933	82	4	market	market	NOUN
fsr-3933	82	5	one	one	PRON
fsr-3933	82	6	would	would	AUX
fsr-3933	82	7	expect	expect	VERB
fsr-3933	82	8	that	that	DET
fsr-3933	82	9	risk	risk	NOUN
fsr-3933	82	10	and	and	CCONJ
fsr-3933	82	11	return	return	NOUN
fsr-3933	82	12	would	would	AUX
fsr-3933	82	13	be	be	AUX
fsr-3933	82	14	highly	highly	ADV
fsr-3933	82	15	related	related	ADJ
fsr-3933	82	16	on	on	ADP
fsr-3933	82	17	a	a	DET
fsr-3933	82	18	reliable	reliable	ADJ
fsr-3933	82	19	basis	basis	NOUN
fsr-3933	82	20	through	through	ADP
fsr-3933	82	21	time	time	NOUN
fsr-3933	82	22	.	.	PUNCT
fsr-3933	83	1	any	any	DET
fsr-3933	83	2	useful	useful	ADJ
fsr-3933	83	3	risk	risk	NOUN
fsr-3933	83	4	proxy	proxy	NOUN
fsr-3933	83	5	will	will	AUX
fsr-3933	83	6	be	be	AUX
fsr-3933	83	7	expected	expect	VERB
fsr-3933	83	8	to	to	PART
fsr-3933	83	9	explain	explain	VERB
fsr-3933	83	10	variation	variation	NOUN
fsr-3933	83	11	in	in	ADP
fsr-3933	83	12	return	return	NOUN
fsr-3933	83	13	on	on	ADP
fsr-3933	83	14	a	a	DET
fsr-3933	83	15	consistent	consistent	ADJ
fsr-3933	83	16	basis	basis	NOUN
fsr-3933	83	17	.	.	PUNCT
fsr-3933	84	1	if	if	SCONJ
fsr-3933	84	2	instead	instead	ADV
fsr-3933	84	3	the	the	DET
fsr-3933	84	4	relationship	relationship	NOUN
fsr-3933	84	5	between	between	ADP
fsr-3933	84	6	the	the	DET
fsr-3933	84	7	risk	risk	NOUN
fsr-3933	84	8	proxy	proxy	NOUN
fsr-3933	84	9	and	and	CCONJ
fsr-3933	84	10	return	return	NOUN
fsr-3933	84	11	is	be	AUX
fsr-3933	84	12	not	not	PART
fsr-3933	84	13	reliable	reliable	ADJ
fsr-3933	84	14	through	through	ADP
fsr-3933	84	15	time	time	NOUN
fsr-3933	84	16	,	,	PUNCT
fsr-3933	84	17	it	it	PRON
fsr-3933	84	18	can	can	AUX
fsr-3933	84	19	be	be	AUX
fsr-3933	84	20	argued	argue	VERB
fsr-3933	84	21	that	that	SCONJ
fsr-3933	84	22	the	the	DET
fsr-3933	84	23	superior	superior	ADJ
fsr-3933	84	24	returns	return	NOUN
fsr-3933	84	25	are	be	AUX
fsr-3933	84	26	generated	generate	VERB
fsr-3933	84	27	during	during	ADP
fsr-3933	84	28	some	some	DET
fsr-3933	84	29	time	time	NOUN
fsr-3933	84	30	periods	period	NOUN
fsr-3933	84	31	because	because	SCONJ
fsr-3933	84	32	of	of	ADP
fsr-3933	84	33	investor	investor	NOUN
fsr-3933	84	34	overreaction	overreaction	NOUN
fsr-3933	84	35	or	or	CCONJ
fsr-3933	84	36	by	by	ADP
fsr-3933	84	37	chance	chance	NOUN
fsr-3933	84	38	rather	rather	ADV
fsr-3933	84	39	than	than	ADP
fsr-3933	84	40	because	because	SCONJ
fsr-3933	84	41	of	of	ADP
fsr-3933	84	42	risk	risk	NOUN
fsr-3933	84	43	.	.	PUNCT
fsr-3933	85	1	or	or	CCONJ
fsr-3933	85	2	,	,	PUNCT
fsr-3933	85	3	one	one	PRON
fsr-3933	85	4	may	may	AUX
fsr-3933	85	5	argue	argue	VERB
fsr-3933	85	6	that	that	SCONJ
fsr-3933	85	7	markets	market	NOUN
fsr-3933	85	8	are	be	AUX
fsr-3933	85	9	efficient	efficient	ADJ
fsr-3933	85	10	only	only	ADV
fsr-3933	85	11	part	part	NOUN
fsr-3933	85	12	of	of	ADP
fsr-3933	85	13	the	the	DET
fsr-3933	85	14	time	time	NOUN
fsr-3933	85	15	.	.	PUNCT
fsr-3933	86	1	3	3	X
fsr-3933	86	2	.	.	X
fsr-3933	86	3	data	datum	NOUN
fsr-3933	86	4	and	and	CCONJ
fsr-3933	86	5	empirical	empirical	ADJ
fsr-3933	86	6	design	design	NOUN
fsr-3933	86	7	all	all	DET
fsr-3933	86	8	firms	firm	NOUN
fsr-3933	86	9	on	on	ADP
fsr-3933	86	10	nyse	nyse	PROPN
fsr-3933	86	11	,	,	PUNCT
fsr-3933	86	12	amex	amex	PROPN
fsr-3933	86	13	,	,	PUNCT
fsr-3933	86	14	and	and	CCONJ
fsr-3933	86	15	nasdaq	nasdaq	PROPN
fsr-3933	86	16	are	be	AUX
fsr-3933	86	17	included	include	VERB
fsr-3933	86	18	in	in	ADP
fsr-3933	86	19	the	the	DET
fsr-3933	86	20	study	study	NOUN
fsr-3933	86	21	if	if	SCONJ
fsr-3933	86	22	they	they	PRON
fsr-3933	86	23	meet	meet	VERB
fsr-3933	86	24	other	other	ADJ
fsr-3933	86	25	data	datum	NOUN
fsr-3933	86	26	requirements	requirement	NOUN
fsr-3933	86	27	described	describe	VERB
fsr-3933	86	28	below	below	ADV
fsr-3933	86	29	.	.	PUNCT
fsr-3933	87	1	in	in	ADP
fsr-3933	87	2	this	this	DET
fsr-3933	87	3	study	study	NOUN
fsr-3933	87	4	the	the	DET
fsr-3933	87	5	emphasis	emphasis	NOUN
fsr-3933	87	6	is	be	AUX
fsr-3933	87	7	on	on	ADP
fsr-3933	87	8	short	short	ADJ
fsr-3933	87	9	-	-	PUNCT
fsr-3933	87	10	term	term	NOUN
fsr-3933	87	11	performance	performance	NOUN
fsr-3933	87	12	of	of	ADP
fsr-3933	87	13	the	the	DET
fsr-3933	87	14	value	value	NOUN
fsr-3933	87	15	effect	effect	NOUN
fsr-3933	87	16	,	,	PUNCT
fsr-3933	87	17	and	and	CCONJ
fsr-3933	87	18	its	its	PRON
fsr-3933	87	19	reliability	reliability	NOUN
fsr-3933	87	20	through	through	ADP
fsr-3933	87	21	time	time	NOUN
fsr-3933	87	22	.	.	PUNCT
fsr-3933	88	1	stock	stock	NOUN
fsr-3933	88	2	return	return	NOUN
fsr-3933	88	3	is	be	AUX
fsr-3933	88	4	used	use	VERB
fsr-3933	88	5	as	as	ADP
fsr-3933	88	6	the	the	DET
fsr-3933	88	7	dependent	dependent	ADJ
fsr-3933	88	8	variable	variable	NOUN
fsr-3933	88	9	in	in	ADP
fsr-3933	88	10	monthly	monthly	ADJ
fsr-3933	88	11	regressions	regression	NOUN
fsr-3933	88	12	as	as	ADP
fsr-3933	88	13	in	in	ADP
fsr-3933	88	14	fama	fama	NOUN
fsr-3933	88	15	and	and	CCONJ
fsr-3933	88	16	french	french	ADJ
fsr-3933	88	17	(	(	PUNCT
fsr-3933	88	18	1992	1992	NUM
fsr-3933	88	19	)	)	PUNCT
fsr-3933	88	20	.	.	PUNCT
fsr-3933	89	1	the	the	DET
fsr-3933	89	2	independent	independent	ADJ
fsr-3933	89	3	variables	variable	NOUN
fsr-3933	89	4	are	be	AUX
fsr-3933	89	5	drawn	draw	VERB
fsr-3933	89	6	from	from	ADP
fsr-3933	89	7	the	the	DET
fsr-3933	89	8	pool	pool	NOUN
fsr-3933	89	9	of	of	ADP
fsr-3933	89	10	value	value	NOUN
fsr-3933	89	11	/	/	SYM
fsr-3933	89	12	growth	growth	NOUN
fsr-3933	89	13	variables	variable	NOUN
fsr-3933	89	14	discussed	discuss	VERB
fsr-3933	89	15	in	in	ADP
fsr-3933	89	16	the	the	DET
fsr-3933	89	17	literature	literature	NOUN
fsr-3933	89	18	.	.	PUNCT
fsr-3933	90	1	the	the	DET
fsr-3933	90	2	composition	composition	NOUN
fsr-3933	90	3	of	of	ADP
fsr-3933	90	4	these	these	DET
fsr-3933	90	5	variables	variable	NOUN
fsr-3933	90	6	is	be	AUX
fsr-3933	90	7	discussed	discuss	VERB
fsr-3933	90	8	below	below	ADV
fsr-3933	90	9	.	.	PUNCT
fsr-3933	91	1	seven	seven	NUM
fsr-3933	91	2	additional	additional	ADJ
fsr-3933	91	3	years	year	NOUN
fsr-3933	91	4	of	of	ADP
fsr-3933	91	5	data	datum	NOUN
fsr-3933	91	6	are	be	AUX
fsr-3933	91	7	included	include	VERB
fsr-3933	91	8	beyond	beyond	ADP
fsr-3933	91	9	the	the	DET
fsr-3933	91	10	years	year	NOUN
fsr-3933	91	11	examined	examine	VERB
fsr-3933	91	12	by	by	ADP
fsr-3933	91	13	fama	fama	NOUN
fsr-3933	91	14	and	and	CCONJ
fsr-3933	91	15	french	french	ADJ
fsr-3933	91	16	(	(	PUNCT
fsr-3933	91	17	1992	1992	NUM
fsr-3933	91	18	)	)	PUNCT
fsr-3933	91	19	providing	provide	VERB
fsr-3933	91	20	return	return	NOUN
fsr-3933	91	21	data	datum	NOUN
fsr-3933	91	22	from	from	ADP
fsr-3933	91	23	july	july	PROPN
fsr-3933	91	24	1963	1963	NUM
fsr-3933	91	25	to	to	ADP
fsr-3933	91	26	december	december	PROPN
fsr-3933	91	27	1997	1997	NUM
fsr-3933	91	28	.	.	PUNCT
fsr-3933	92	1	accounting	accounting	NOUN
fsr-3933	92	2	variables	variable	NOUN
fsr-3933	92	3	for	for	ADP
fsr-3933	92	4	use	use	NOUN
fsr-3933	92	5	in	in	ADP
fsr-3933	92	6	this	this	DET
fsr-3933	92	7	study	study	NOUN
fsr-3933	92	8	are	be	AUX
fsr-3933	92	9	taken	take	VERB
fsr-3933	92	10	from	from	ADP
fsr-3933	92	11	fiscal	fiscal	ADJ
fsr-3933	92	12	year	year	NOUN
fsr-3933	92	13	-	-	PUNCT
fsr-3933	92	14	end	end	NOUN
fsr-3933	92	15	in	in	ADP
fsr-3933	92	16	calendar	calendar	NOUN
fsr-3933	92	17	year	year	NOUN
fsr-3933	92	18	t-1	t-1	PROPN
fsr-3933	92	19	.	.	PUNCT
fsr-3933	93	1	for	for	ADP
fsr-3933	93	2	example	example	NOUN
fsr-3933	93	3	,	,	PUNCT
fsr-3933	93	4	the	the	DET
fsr-3933	93	5	accounting	accounting	NOUN
fsr-3933	93	6	data	datum	NOUN
fsr-3933	93	7	for	for	ADP
fsr-3933	93	8	book	book	NOUN
fsr-3933	93	9	equity	equity	NOUN
fsr-3933	93	10	is	be	AUX
fsr-3933	93	11	gathered	gather	VERB
fsr-3933	93	12	from	from	ADP
fsr-3933	93	13	the	the	DET
fsr-3933	93	14	compustat	compustat	NOUN
fsr-3933	93	15	active	active	ADJ
fsr-3933	93	16	and	and	CCONJ
fsr-3933	93	17	research	research	NOUN
fsr-3933	93	18	files	file	NOUN
fsr-3933	93	19	starting	start	VERB
fsr-3933	93	20	with	with	ADP
fsr-3933	93	21	december	december	PROPN
fsr-3933	93	22	1962	1962	NUM
fsr-3933	93	23	and	and	CCONJ
fsr-3933	93	24	ending	end	VERB
fsr-3933	93	25	with	with	ADP
fsr-3933	93	26	december	december	PROPN
fsr-3933	93	27	1996	1996	NUM
fsr-3933	93	28	.	.	PUNCT
fsr-3933	94	1	market	market	NOUN
fsr-3933	94	2	value	value	NOUN
fsr-3933	94	3	of	of	ADP
fsr-3933	94	4	equity	equity	NOUN
fsr-3933	94	5	is	be	AUX
fsr-3933	94	6	taken	take	VERB
fsr-3933	94	7	at	at	ADP
fsr-3933	94	8	the	the	DET
fsr-3933	94	9	end	end	NOUN
fsr-3933	94	10	of	of	ADP
fsr-3933	94	11	june	june	PROPN
fsr-3933	94	12	in	in	ADP
fsr-3933	94	13	year	year	NOUN
fsr-3933	94	14	t	t	PROPN
fsr-3933	94	15	and	and	CCONJ
fsr-3933	94	16	comes	come	VERB
fsr-3933	94	17	from	from	ADP
fsr-3933	94	18	the	the	DET
fsr-3933	94	19	crsp	crsp	ADJ
fsr-3933	94	20	files	file	NOUN
fsr-3933	94	21	.	.	PUNCT
fsr-3933	95	1	the	the	DET
fsr-3933	95	2	accounting	accounting	NOUN
fsr-3933	95	3	data	datum	NOUN
fsr-3933	95	4	are	be	AUX
fsr-3933	95	5	taken	take	VERB
fsr-3933	95	6	in	in	ADP
fsr-3933	95	7	year	year	NOUN
fsr-3933	95	8	t-1	t-1	PROPN
fsr-3933	95	9	to	to	PART
fsr-3933	95	10	explain	explain	VERB
fsr-3933	95	11	returns	return	NOUN
fsr-3933	95	12	for	for	ADP
fsr-3933	95	13	each	each	DET
fsr-3933	95	14	month	month	NOUN
fsr-3933	95	15	starting	start	VERB
fsr-3933	95	16	in	in	ADP
fsr-3933	95	17	july	july	PROPN
fsr-3933	95	18	of	of	ADP
fsr-3933	95	19	year	year	NOUN
fsr-3933	95	20	t	t	PROPN
fsr-3933	95	21	to	to	ADP
fsr-3933	95	22	june	june	PROPN
fsr-3933	95	23	of	of	ADP
fsr-3933	95	24	year	year	PROPN
fsr-3933	95	25	t	t	PROPN
fsr-3933	95	26	�	�	PROPN
fsr-3933	95	27	1	1	NUM
fsr-3933	95	28	.	.	PUNCT
fsr-3933	96	1	daily	daily	ADJ
fsr-3933	96	2	return	return	NOUN
fsr-3933	96	3	data	datum	NOUN
fsr-3933	96	4	are	be	AUX
fsr-3933	96	5	compounded	compound	VERB
fsr-3933	96	6	to	to	PART
fsr-3933	96	7	form	form	VERB
fsr-3933	96	8	monthly	monthly	ADJ
fsr-3933	96	9	returns	return	NOUN
fsr-3933	96	10	as	as	ADP
fsr-3933	96	11	in	in	ADP
fsr-3933	96	12	loughran	loughran	NOUN
fsr-3933	96	13	(	(	PUNCT
fsr-3933	96	14	1997	1997	NUM
fsr-3933	96	15	)	)	PUNCT
fsr-3933	96	16	.	.	PUNCT
fsr-3933	97	1	a	a	DET
fsr-3933	97	2	company	company	NOUN
fsr-3933	97	3	must	must	AUX
fsr-3933	97	4	have	have	VERB
fsr-3933	97	5	a	a	DET
fsr-3933	97	6	crsp	crsp	ADJ
fsr-3933	97	7	stock	stock	NOUN
fsr-3933	97	8	price	price	NOUN
fsr-3933	97	9	for	for	ADP
fsr-3933	97	10	december	december	PROPN
fsr-3933	97	11	of	of	ADP
fsr-3933	97	12	year	year	NOUN
fsr-3933	97	13	t-1	t-1	PROPN
fsr-3933	97	14	and	and	CCONJ
fsr-3933	97	15	june	june	PROPN
fsr-3933	97	16	of	of	ADP
fsr-3933	97	17	year	year	PROPN
fsr-3933	97	18	t	t	PROPN
fsr-3933	97	19	to	to	PART
fsr-3933	97	20	be	be	AUX
fsr-3933	97	21	included	include	VERB
fsr-3933	97	22	in	in	ADP
fsr-3933	97	23	the	the	DET
fsr-3933	97	24	study	study	NOUN
fsr-3933	97	25	.	.	PUNCT
fsr-3933	98	1	the	the	DET
fsr-3933	98	2	company	company	NOUN
fsr-3933	98	3	must	must	AUX
fsr-3933	98	4	have	have	VERB
fsr-3933	98	5	monthly	monthly	ADJ
fsr-3933	98	6	returns	return	NOUN
fsr-3933	98	7	for	for	ADP
fsr-3933	98	8	at	at	ADV
fsr-3933	98	9	least	least	ADJ
fsr-3933	98	10	24	24	NUM
fsr-3933	98	11	of	of	ADP
fsr-3933	98	12	the	the	DET
fsr-3933	98	13	60	60	NUM
fsr-3933	98	14	months	month	NOUN
fsr-3933	98	15	prior	prior	ADV
fsr-3933	98	16	to	to	ADP
fsr-3933	98	17	july	july	PROPN
fsr-3933	98	18	of	of	ADP
fsr-3933	98	19	year	year	NOUN
fsr-3933	98	20	t.	t.	PROPN
fsr-3933	98	21	each	each	DET
fsr-3933	98	22	company	company	NOUN
fsr-3933	98	23	must	must	AUX
fsr-3933	98	24	have	have	VERB
fsr-3933	98	25	book	book	NOUN
fsr-3933	98	26	equity	equity	NOUN
fsr-3933	98	27	for	for	ADP
fsr-3933	98	28	its	its	PRON
fsr-3933	98	29	fiscal	fiscal	ADJ
fsr-3933	98	30	year	year	NOUN
fsr-3933	98	31	(	(	PUNCT
fsr-3933	98	32	ending	end	VERB
fsr-3933	98	33	in	in	ADP
fsr-3933	98	34	any	any	DET
fsr-3933	98	35	month	month	NOUN
fsr-3933	98	36	)	)	PUNCT
fsr-3933	98	37	of	of	ADP
fsr-3933	98	38	calendar	calendar	NOUN
fsr-3933	98	39	year	year	NOUN
fsr-3933	98	40	t-1	t-1	PROPN
fsr-3933	98	41	.	.	PUNCT
fsr-3933	99	1	these	these	DET
fsr-3933	99	2	restrictions	restriction	NOUN
fsr-3933	99	3	,	,	PUNCT
fsr-3933	99	4	imposed	impose	VERB
fsr-3933	99	5	by	by	ADP
fsr-3933	99	6	fama	fama	PROPN
fsr-3933	99	7	and	and	CCONJ
fsr-3933	99	8	french	french	NOUN
fsr-3933	99	9	,	,	PUNCT
fsr-3933	99	10	are	be	AUX
fsr-3933	99	11	followed	follow	VERB
fsr-3933	99	12	in	in	ADP
fsr-3933	99	13	this	this	DET
fsr-3933	99	14	study	study	NOUN
fsr-3933	99	15	.	.	PUNCT
fsr-3933	100	1	an	an	DET
fsr-3933	100	2	additional	additional	ADJ
fsr-3933	100	3	restriction	restriction	NOUN
fsr-3933	100	4	is	be	AUX
fsr-3933	100	5	added	add	VERB
fsr-3933	100	6	for	for	ADP
fsr-3933	100	7	convenience	convenience	NOUN
fsr-3933	100	8	in	in	ADP
fsr-3933	100	9	comparing	compare	VERB
fsr-3933	100	10	studies	study	NOUN
fsr-3933	100	11	.	.	PUNCT
fsr-3933	101	1	a	a	DET
fsr-3933	101	2	firm	firm	NOUN
fsr-3933	101	3	must	must	AUX
fsr-3933	101	4	have	have	VERB
fsr-3933	101	5	sales	sale	NOUN
fsr-3933	101	6	in	in	ADP
fsr-3933	101	7	at	at	ADV
fsr-3933	101	8	least	least	ADV
fsr-3933	101	9	two	two	NUM
fsr-3933	101	10	adjacent	adjacent	ADJ
fsr-3933	101	11	years	year	NOUN
fsr-3933	101	12	during	during	ADP
fsr-3933	101	13	the	the	DET
fsr-3933	101	14	five	five	NUM
fsr-3933	101	15	years	year	NOUN
fsr-3933	101	16	preceding	precede	VERB
fsr-3933	101	17	year	year	NOUN
fsr-3933	101	18	t	t	NOUN
fsr-3933	101	19	in	in	ADP
fsr-3933	101	20	order	order	NOUN
fsr-3933	101	21	to	to	PART
fsr-3933	101	22	calculate	calculate	VERB
fsr-3933	101	23	sales	sale	NOUN
fsr-3933	101	24	growth	growth	NOUN
fsr-3933	101	25	rates	rate	NOUN
fsr-3933	101	26	.	.	PUNCT
fsr-3933	102	1	the	the	DET
fsr-3933	102	2	firm	firm	NOUN
fsr-3933	102	3	must	must	AUX
fsr-3933	102	4	also	also	ADV
fsr-3933	102	5	record	record	VERB
fsr-3933	102	6	earnings	earning	NOUN
fsr-3933	102	7	.	.	PUNCT
fsr-3933	103	1	364	364	NUM
fsr-3933	103	2	r.r	r.r	PROPN
fsr-3933	103	3	.	.	PROPN
fsr-3933	103	4	trecartin	trecartin	PROPN
fsr-3933	103	5	/	/	SYM
fsr-3933	103	6	financial	financial	ADJ
fsr-3933	103	7	services	service	NOUN
fsr-3933	103	8	review	review	VERB
fsr-3933	103	9	9	9	NUM
fsr-3933	103	10	(	(	PUNCT
fsr-3933	103	11	2000	2000	NUM
fsr-3933	103	12	)	)	PUNCT
fsr-3933	104	1	361–373	361–373	NUM
fsr-3933	104	2	listed	list	VERB
fsr-3933	104	3	below	below	ADV
fsr-3933	104	4	in	in	ADP
fsr-3933	104	5	table	table	NOUN
fsr-3933	104	6	1	1	NUM
fsr-3933	104	7	are	be	AUX
fsr-3933	104	8	variable	variable	ADJ
fsr-3933	104	9	descriptions	description	NOUN
fsr-3933	104	10	and	and	CCONJ
fsr-3933	104	11	brief	brief	ADJ
fsr-3933	104	12	explanations	explanation	NOUN
fsr-3933	104	13	as	as	SCONJ
fsr-3933	104	14	needed	need	VERB
fsr-3933	104	15	.	.	PUNCT
fsr-3933	105	1	one	one	NUM
fsr-3933	105	2	major	major	ADJ
fsr-3933	105	3	dilemma	dilemma	NOUN
fsr-3933	105	4	deals	deal	NOUN
fsr-3933	105	5	with	with	ADP
fsr-3933	105	6	firms	firm	NOUN
fsr-3933	105	7	that	that	PRON
fsr-3933	105	8	exhibit	exhibit	VERB
fsr-3933	105	9	negative	negative	ADJ
fsr-3933	105	10	cash	cash	NOUN
fsr-3933	105	11	flows	flow	NOUN
fsr-3933	105	12	.	.	PUNCT
fsr-3933	106	1	for	for	ADP
fsr-3933	106	2	most	most	ADJ
fsr-3933	106	3	of	of	ADP
fsr-3933	106	4	this	this	DET
fsr-3933	106	5	study	study	NOUN
fsr-3933	106	6	,	,	PUNCT
fsr-3933	106	7	negative	negative	ADJ
fsr-3933	106	8	cash	cash	NOUN
fsr-3933	106	9	flow	flow	NOUN
fsr-3933	106	10	firms	firm	NOUN
fsr-3933	106	11	are	be	AUX
fsr-3933	106	12	assumed	assume	VERB
fsr-3933	106	13	to	to	PART
fsr-3933	106	14	be	be	AUX
fsr-3933	106	15	most	most	ADV
fsr-3933	106	16	similar	similar	ADJ
fsr-3933	106	17	to	to	ADP
fsr-3933	106	18	growth	growth	NOUN
fsr-3933	106	19	firms	firm	NOUN
fsr-3933	106	20	and	and	CCONJ
fsr-3933	106	21	assigned	assign	VERB
fsr-3933	106	22	a	a	DET
fsr-3933	106	23	rank	rank	NOUN
fsr-3933	106	24	of	of	ADP
fsr-3933	106	25	1	1	NUM
fsr-3933	106	26	in	in	ADP
fsr-3933	106	27	the	the	DET
fsr-3933	106	28	cash	cash	NOUN
fsr-3933	106	29	flow	flow	NOUN
fsr-3933	106	30	decile	decile	NOUN
fsr-3933	106	31	variable	variable	NOUN
fsr-3933	106	32	described	describe	VERB
fsr-3933	106	33	in	in	ADP
fsr-3933	106	34	table	table	NOUN
fsr-3933	106	35	1	1	NUM
fsr-3933	106	36	.	.	PUNCT
fsr-3933	106	37	negative	negative	ADJ
fsr-3933	106	38	cash	cash	NOUN
fsr-3933	106	39	flow	flow	NOUN
fsr-3933	106	40	firms	firm	NOUN
fsr-3933	106	41	are	be	AUX
fsr-3933	106	42	included	include	VERB
fsr-3933	106	43	so	so	SCONJ
fsr-3933	106	44	as	as	SCONJ
fsr-3933	106	45	to	to	PART
fsr-3933	106	46	maintain	maintain	VERB
fsr-3933	106	47	as	as	ADP
fsr-3933	106	48	large	large	ADJ
fsr-3933	106	49	a	a	DET
fsr-3933	106	50	data	datum	NOUN
fsr-3933	106	51	set	set	VERB
fsr-3933	106	52	as	as	ADP
fsr-3933	106	53	possible	possible	ADJ
fsr-3933	106	54	.	.	PUNCT
fsr-3933	107	1	including	include	VERB
fsr-3933	107	2	negative	negative	ADJ
fsr-3933	107	3	cash	cash	NOUN
fsr-3933	107	4	flow	flow	NOUN
fsr-3933	107	5	firms	firm	NOUN
fsr-3933	107	6	in	in	ADP
fsr-3933	107	7	the	the	DET
fsr-3933	107	8	data	data	NOUN
fsr-3933	107	9	set	set	NOUN
fsr-3933	107	10	creates	create	VERB
fsr-3933	107	11	the	the	DET
fsr-3933	107	12	strongest	strong	ADJ
fsr-3933	107	13	and	and	CCONJ
fsr-3933	107	14	most	most	ADV
fsr-3933	107	15	significant	significant	ADJ
fsr-3933	107	16	results	result	NOUN
fsr-3933	107	17	for	for	ADP
fsr-3933	107	18	the	the	DET
fsr-3933	107	19	be	be	NOUN
fsr-3933	107	20	/	/	SYM
fsr-3933	107	21	me	i	PRON
fsr-3933	107	22	variable	variable	ADJ
fsr-3933	107	23	.	.	PUNCT
fsr-3933	108	1	alternate	alternate	ADJ
fsr-3933	108	2	regressions	regression	NOUN
fsr-3933	108	3	were	be	AUX
fsr-3933	108	4	also	also	ADV
fsr-3933	108	5	run	run	VERB
fsr-3933	108	6	using	use	VERB
fsr-3933	108	7	only	only	ADJ
fsr-3933	108	8	positive	positive	ADJ
fsr-3933	108	9	cash	cash	NOUN
fsr-3933	108	10	flow	flow	NOUN
fsr-3933	108	11	firms	firm	NOUN
fsr-3933	108	12	and	and	CCONJ
fsr-3933	108	13	a	a	DET
fsr-3933	108	14	negative	negative	ADJ
fsr-3933	108	15	cash	cash	NOUN
fsr-3933	108	16	flow	flow	NOUN
fsr-3933	108	17	dummy	dummy	NOUN
fsr-3933	108	18	.	.	PUNCT
fsr-3933	109	1	another	another	DET
fsr-3933	109	2	test	test	NOUN
fsr-3933	109	3	was	be	AUX
fsr-3933	109	4	conducted	conduct	VERB
fsr-3933	109	5	assuming	assume	VERB
fsr-3933	109	6	negative	negative	ADJ
fsr-3933	109	7	cash	cash	NOUN
fsr-3933	109	8	flow	flow	NOUN
fsr-3933	109	9	firms	firm	NOUN
fsr-3933	109	10	to	to	PART
fsr-3933	109	11	be	be	AUX
fsr-3933	109	12	most	most	ADV
fsr-3933	109	13	like	like	ADP
fsr-3933	109	14	“	"	PUNCT
fsr-3933	109	15	value	value	NOUN
fsr-3933	109	16	firms	firm	NOUN
fsr-3933	109	17	.	.	PUNCT
fsr-3933	109	18	”	"	PUNCT
fsr-3933	110	1	negative	negative	ADJ
fsr-3933	110	2	book	book	NOUN
fsr-3933	110	3	equity	equity	NOUN
fsr-3933	110	4	firms	firm	NOUN
fsr-3933	110	5	are	be	AUX
fsr-3933	110	6	not	not	PART
fsr-3933	110	7	included	include	VERB
fsr-3933	110	8	in	in	ADP
fsr-3933	110	9	the	the	DET
fsr-3933	110	10	regressions	regression	NOUN
fsr-3933	110	11	.	.	PUNCT
fsr-3933	111	1	so	so	ADV
fsr-3933	111	2	,	,	PUNCT
fsr-3933	111	3	negative	negative	ADJ
fsr-3933	111	4	cash	cash	NOUN
fsr-3933	111	5	flow	flow	NOUN
fsr-3933	111	6	firms	firm	NOUN
fsr-3933	111	7	included	include	VERB
fsr-3933	111	8	in	in	ADP
fsr-3933	111	9	the	the	DET
fsr-3933	111	10	data	datum	NOUN
fsr-3933	111	11	set	set	VERB
fsr-3933	111	12	are	be	AUX
fsr-3933	111	13	more	more	ADV
fsr-3933	111	14	apt	apt	ADJ
fsr-3933	111	15	to	to	PART
fsr-3933	111	16	be	be	AUX
fsr-3933	111	17	temporarily	temporarily	ADV
fsr-3933	111	18	depressed	depressed	ADJ
fsr-3933	111	19	,	,	PUNCT
fsr-3933	111	20	or	or	CCONJ
fsr-3933	111	21	very	very	ADV
fsr-3933	111	22	rapid	rapid	ADJ
fsr-3933	111	23	growth	growth	NOUN
fsr-3933	111	24	firms	firm	NOUN
fsr-3933	111	25	using	use	VERB
fsr-3933	111	26	more	more	ADJ
fsr-3933	111	27	resources	resource	NOUN
fsr-3933	111	28	than	than	SCONJ
fsr-3933	111	29	are	be	AUX
fsr-3933	111	30	generated	generate	VERB
fsr-3933	111	31	internally	internally	ADV
fsr-3933	111	32	.	.	PUNCT
fsr-3933	112	1	another	another	DET
fsr-3933	112	2	data	datum	NOUN
fsr-3933	112	3	issue	issue	NOUN
fsr-3933	112	4	involves	involve	VERB
fsr-3933	112	5	the	the	DET
fsr-3933	112	6	form	form	NOUN
fsr-3933	112	7	of	of	ADP
fsr-3933	112	8	the	the	DET
fsr-3933	112	9	sales	sale	NOUN
fsr-3933	112	10	growth	growth	NOUN
fsr-3933	112	11	variable	variable	NOUN
fsr-3933	112	12	that	that	PRON
fsr-3933	112	13	is	be	AUX
fsr-3933	112	14	most	most	ADV
fsr-3933	112	15	effective	effective	ADJ
fsr-3933	112	16	.	.	PUNCT
fsr-3933	113	1	anthony	anthony	PROPN
fsr-3933	113	2	and	and	CCONJ
fsr-3933	113	3	ramesh	ramesh	PROPN
fsr-3933	113	4	(	(	PUNCT
fsr-3933	113	5	1992	1992	NUM
fsr-3933	113	6	)	)	PUNCT
fsr-3933	113	7	use	use	VERB
fsr-3933	113	8	a	a	DET
fsr-3933	113	9	median	median	ADJ
fsr-3933	113	10	sales	sale	NOUN
fsr-3933	113	11	growth	growth	NOUN
fsr-3933	113	12	(	(	PUNCT
fsr-3933	113	13	mgs	mgs	NOUN
fsr-3933	113	14	)	)	PUNCT
fsr-3933	113	15	variable	variable	NOUN
fsr-3933	113	16	while	while	SCONJ
fsr-3933	113	17	lakonishok	lakonishok	VERB
fsr-3933	113	18	et	et	PROPN
fsr-3933	113	19	al	al	PROPN
fsr-3933	113	20	.	.	PROPN
fsr-3933	114	1	(	(	PUNCT
fsr-3933	114	2	1994	1994	NUM
fsr-3933	114	3	)	)	PUNCT
fsr-3933	114	4	use	use	VERB
fsr-3933	114	5	both	both	CCONJ
fsr-3933	114	6	equal	equal	ADJ
fsr-3933	114	7	weighting	weight	VERB
fsr-3933	114	8	sales	sale	NOUN
fsr-3933	114	9	growth	growth	NOUN
fsr-3933	114	10	and	and	CCONJ
fsr-3933	114	11	weighted	weight	VERB
fsr-3933	114	12	sales	sale	NOUN
fsr-3933	114	13	growth	growth	NOUN
fsr-3933	114	14	procedures	procedure	NOUN
fsr-3933	114	15	.	.	PUNCT
fsr-3933	115	1	a	a	DET
fsr-3933	115	2	weighted	weight	VERB
fsr-3933	115	3	sales	sale	NOUN
fsr-3933	115	4	growth	growth	NOUN
fsr-3933	115	5	variable	variable	NOUN
fsr-3933	115	6	is	be	AUX
fsr-3933	115	7	primarily	primarily	ADV
fsr-3933	115	8	used	use	VERB
fsr-3933	115	9	in	in	ADP
fsr-3933	115	10	this	this	DET
fsr-3933	115	11	study	study	NOUN
fsr-3933	115	12	(	(	PUNCT
fsr-3933	115	13	see	see	VERB
fsr-3933	115	14	table	table	NOUN
fsr-3933	115	15	1	1	NUM
fsr-3933	115	16	)	)	PUNCT
fsr-3933	115	17	but	but	CCONJ
fsr-3933	115	18	other	other	ADJ
fsr-3933	115	19	forms	form	NOUN
fsr-3933	115	20	of	of	ADP
fsr-3933	115	21	the	the	DET
fsr-3933	115	22	variable	variable	NOUN
fsr-3933	115	23	are	be	AUX
fsr-3933	115	24	also	also	ADV
fsr-3933	115	25	tested	test	VERB
fsr-3933	115	26	.	.	PUNCT
fsr-3933	116	1	4	4	X
fsr-3933	116	2	.	.	X
fsr-3933	116	3	empirical	empirical	ADJ
fsr-3933	116	4	results	result	NOUN
fsr-3933	116	5	for	for	ADP
fsr-3933	116	6	competing	compete	VERB
fsr-3933	116	7	univariate	univariate	ADJ
fsr-3933	116	8	variables	variable	NOUN
fsr-3933	116	9	the	the	DET
fsr-3933	116	10	focus	focus	NOUN
fsr-3933	116	11	of	of	ADP
fsr-3933	116	12	this	this	DET
fsr-3933	116	13	section	section	NOUN
fsr-3933	116	14	is	be	AUX
fsr-3933	116	15	on	on	ADP
fsr-3933	116	16	statistically	statistically	ADV
fsr-3933	116	17	significant	significant	ADJ
fsr-3933	116	18	“	"	PUNCT
fsr-3933	116	19	value	value	NOUN
fsr-3933	116	20	/	/	SYM
fsr-3933	116	21	growth	growth	NOUN
fsr-3933	116	22	”	"	PUNCT
fsr-3933	116	23	variables	variable	NOUN
fsr-3933	116	24	in	in	ADP
fsr-3933	116	25	monthly	monthly	ADJ
fsr-3933	116	26	regressions	regression	NOUN
fsr-3933	116	27	,	,	PUNCT
fsr-3933	116	28	and	and	CCONJ
fsr-3933	116	29	whether	whether	SCONJ
fsr-3933	116	30	these	these	DET
fsr-3933	116	31	variables	variable	NOUN
fsr-3933	116	32	are	be	AUX
fsr-3933	116	33	reliable	reliable	ADJ
fsr-3933	116	34	or	or	CCONJ
fsr-3933	116	35	dependable	dependable	ADJ
fsr-3933	116	36	through	through	ADP
fsr-3933	116	37	time	time	NOUN
fsr-3933	116	38	.	.	PUNCT
fsr-3933	117	1	table	table	NOUN
fsr-3933	117	2	2	2	NUM
fsr-3933	117	3	summarizes	summarize	NOUN
fsr-3933	117	4	monthly	monthly	ADJ
fsr-3933	117	5	regression	regression	NOUN
fsr-3933	117	6	results	result	NOUN
fsr-3933	117	7	for	for	ADP
fsr-3933	117	8	single	single	ADJ
fsr-3933	117	9	variable	variable	ADJ
fsr-3933	117	10	models	model	NOUN
fsr-3933	117	11	including	include	VERB
fsr-3933	117	12	book	book	NOUN
fsr-3933	117	13	-	-	PUNCT
fsr-3933	117	14	to	to	ADP
fsr-3933	117	15	-	-	PUNCT
fsr-3933	117	16	market	market	NOUN
fsr-3933	117	17	,	,	PUNCT
fsr-3933	117	18	table	table	NOUN
fsr-3933	117	19	1	1	NUM
fsr-3933	117	20	variable	variable	ADJ
fsr-3933	117	21	descriptions	description	NOUN
fsr-3933	117	22	variable	variable	ADJ
fsr-3933	117	23	name	name	NOUN
fsr-3933	117	24	variable	variable	ADJ
fsr-3933	117	25	description	description	NOUN
fsr-3933	117	26	ln(be	ln(be	PROPN
fsr-3933	117	27	/	/	SYM
fsr-3933	117	28	me	me	PROPN
fsr-3933	117	29	)	)	PUNCT
fsr-3933	117	30	book	book	NOUN
fsr-3933	117	31	equity	equity	NOUN
fsr-3933	117	32	(	(	PUNCT
fsr-3933	117	33	be	be	AUX
fsr-3933	117	34	)	)	PUNCT
fsr-3933	117	35	is	be	AUX
fsr-3933	117	36	compustat	compustat	NOUN
fsr-3933	117	37	data	datum	NOUN
fsr-3933	117	38	item	item	NOUN
fsr-3933	117	39	#	#	NOUN
fsr-3933	117	40	60	60	NUM
fsr-3933	117	41	.	.	PUNCT
fsr-3933	118	1	this	this	PRON
fsr-3933	118	2	includes	include	VERB
fsr-3933	118	3	common	common	ADJ
fsr-3933	118	4	stock	stock	NOUN
fsr-3933	118	5	outstanding	outstanding	ADJ
fsr-3933	118	6	,	,	PUNCT
fsr-3933	118	7	capital	capital	NOUN
fsr-3933	118	8	surplus	surplus	NOUN
fsr-3933	118	9	,	,	PUNCT
fsr-3933	118	10	and	and	CCONJ
fsr-3933	118	11	retained	retain	VERB
fsr-3933	118	12	earnings	earning	NOUN
fsr-3933	118	13	.	.	PUNCT
fsr-3933	119	1	market	market	NOUN
fsr-3933	119	2	equity	equity	NOUN
fsr-3933	119	3	(	(	PUNCT
fsr-3933	119	4	me	i	PRON
fsr-3933	119	5	)	)	PUNCT
fsr-3933	119	6	is	be	AUX
fsr-3933	119	7	reported	report	VERB
fsr-3933	119	8	on	on	ADP
fsr-3933	119	9	the	the	DET
fsr-3933	119	10	last	last	ADJ
fsr-3933	119	11	trade	trade	NOUN
fsr-3933	119	12	date	date	NOUN
fsr-3933	119	13	in	in	ADP
fsr-3933	119	14	december	december	PROPN
fsr-3933	119	15	and	and	CCONJ
fsr-3933	119	16	consists	consist	VERB
fsr-3933	119	17	of	of	ADP
fsr-3933	119	18	compustat	compustat	NOUN
fsr-3933	119	19	item	item	NOUN
fsr-3933	119	20	#	#	SYM
fsr-3933	119	21	24	24	NUM
fsr-3933	119	22	*	*	NOUN
fsr-3933	119	23	#	#	SYM
fsr-3933	119	24	25	25	NUM
fsr-3933	119	25	(	(	PUNCT
fsr-3933	119	26	shares	share	NOUN
fsr-3933	119	27	outstanding	outstanding	ADJ
fsr-3933	119	28	*	*	PUNCT
fsr-3933	119	29	price	price	NOUN
fsr-3933	119	30	)	)	PUNCT
fsr-3933	119	31	cash	cash	NOUN
fsr-3933	119	32	flow	flow	NOUN
fsr-3933	119	33	earnings	earning	NOUN
fsr-3933	119	34	before	before	ADP
fsr-3933	119	35	extraordinary	extraordinary	ADJ
fsr-3933	119	36	items	item	NOUN
fsr-3933	119	37	(	(	PUNCT
fsr-3933	119	38	data	datum	NOUN
fsr-3933	119	39	item	item	NOUN
fsr-3933	119	40	#	#	NOUN
fsr-3933	119	41	18	18	NUM
fsr-3933	119	42	)	)	PUNCT
fsr-3933	119	43	plus	plus	CCONJ
fsr-3933	119	44	depreciation	depreciation	NOUN
fsr-3933	119	45	(	(	PUNCT
fsr-3933	119	46	item	item	NOUN
fsr-3933	119	47	#	#	NOUN
fsr-3933	119	48	14	14	NUM
fsr-3933	119	49	)	)	PUNCT
fsr-3933	119	50	all	all	PRON
fsr-3933	119	51	divided	divide	VERB
fsr-3933	119	52	by	by	ADP
fsr-3933	119	53	market	market	NOUN
fsr-3933	119	54	value	value	NOUN
fsr-3933	119	55	.	.	PUNCT
fsr-3933	120	1	cash	cash	NOUN
fsr-3933	120	2	flow	flow	NOUN
fsr-3933	120	3	deciles	decile	NOUN
fsr-3933	120	4	or	or	CCONJ
fsr-3933	120	5	the	the	DET
fsr-3933	120	6	raw	raw	ADJ
fsr-3933	120	7	cash	cash	NOUN
fsr-3933	120	8	flows	flow	NOUN
fsr-3933	120	9	above	above	ADV
fsr-3933	120	10	are	be	AUX
fsr-3933	120	11	sorted	sort	VERB
fsr-3933	120	12	into	into	ADP
fsr-3933	120	13	deciles	decile	NOUN
fsr-3933	120	14	and	and	CCONJ
fsr-3933	120	15	assigned	assign	VERB
fsr-3933	120	16	a	a	DET
fsr-3933	120	17	1.0	1.0	NUM
fsr-3933	120	18	for	for	ADP
fsr-3933	120	19	(	(	PUNCT
fsr-3933	120	20	cfdecile	cfdecile	PROPN
fsr-3933	120	21	)	)	PUNCT
fsr-3933	120	22	the	the	DET
fsr-3933	120	23	lowest	low	ADJ
fsr-3933	120	24	cash	cash	NOUN
fsr-3933	120	25	flow	flow	NOUN
fsr-3933	120	26	firms	firm	NOUN
fsr-3933	120	27	,	,	PUNCT
fsr-3933	120	28	a	a	DET
fsr-3933	120	29	2.0	2.0	NUM
fsr-3933	120	30	for	for	ADP
fsr-3933	120	31	the	the	DET
fsr-3933	120	32	next	next	ADJ
fsr-3933	120	33	lowest	low	ADJ
fsr-3933	120	34	decile	decile	NOUN
fsr-3933	120	35	,	,	PUNCT
fsr-3933	120	36	and	and	CCONJ
fsr-3933	120	37	so	so	ADV
fsr-3933	120	38	on	on	ADP
fsr-3933	120	39	up	up	ADP
fsr-3933	120	40	to	to	ADP
fsr-3933	120	41	a	a	DET
fsr-3933	120	42	10	10	NUM
fsr-3933	120	43	for	for	ADP
fsr-3933	120	44	the	the	DET
fsr-3933	120	45	highest	high	ADJ
fsr-3933	120	46	cash	cash	NOUN
fsr-3933	120	47	flow	flow	NOUN
fsr-3933	120	48	firms	firm	NOUN
fsr-3933	120	49	.	.	PUNCT
fsr-3933	121	1	wgs	wgs	PROPN
fsr-3933	121	2	weighted	weight	VERB
fsr-3933	121	3	growth	growth	NOUN
fsr-3933	121	4	in	in	ADP
fsr-3933	121	5	sales	sale	NOUN
fsr-3933	121	6	over	over	ADP
fsr-3933	121	7	the	the	DET
fsr-3933	121	8	last	last	ADJ
fsr-3933	121	9	five	five	NUM
fsr-3933	121	10	years	year	NOUN
fsr-3933	121	11	if	if	SCONJ
fsr-3933	121	12	available	available	ADJ
fsr-3933	121	13	.	.	PUNCT
fsr-3933	122	1	(	(	PUNCT
fsr-3933	122	2	30	30	NUM
fsr-3933	122	3	%	%	NOUN
fsr-3933	122	4	weighting	weighting	NOUN
fsr-3933	122	5	to	to	ADP
fsr-3933	122	6	the	the	DET
fsr-3933	122	7	most	most	ADV
fsr-3933	122	8	recent	recent	ADJ
fsr-3933	122	9	year	year	NOUN
fsr-3933	122	10	,	,	PUNCT
fsr-3933	122	11	25	25	NUM
fsr-3933	122	12	%	%	NOUN
fsr-3933	122	13	for	for	ADP
fsr-3933	122	14	the	the	DET
fsr-3933	122	15	next	next	ADJ
fsr-3933	122	16	most	most	ADV
fsr-3933	122	17	recent	recent	ADJ
fsr-3933	122	18	year	year	NOUN
fsr-3933	122	19	down	down	ADP
fsr-3933	122	20	to	to	ADP
fsr-3933	122	21	10	10	NUM
fsr-3933	122	22	%	%	NOUN
fsr-3933	122	23	for	for	ADP
fsr-3933	122	24	the	the	DET
fsr-3933	122	25	fifth	fifth	ADJ
fsr-3933	122	26	year	year	NOUN
fsr-3933	122	27	)	)	PUNCT
fsr-3933	122	28	.	.	PUNCT
fsr-3933	123	1	if	if	SCONJ
fsr-3933	123	2	there	there	PRON
fsr-3933	123	3	are	be	VERB
fsr-3933	123	4	less	less	ADJ
fsr-3933	123	5	than	than	ADP
fsr-3933	123	6	five	five	NUM
fsr-3933	123	7	years	year	NOUN
fsr-3933	123	8	the	the	DET
fsr-3933	123	9	weights	weight	NOUN
fsr-3933	123	10	are	be	AUX
fsr-3933	123	11	adjusted	adjust	VERB
fsr-3933	123	12	to	to	PART
fsr-3933	123	13	add	add	VERB
fsr-3933	123	14	up	up	ADP
fsr-3933	123	15	to	to	PART
fsr-3933	123	16	100	100	NUM
fsr-3933	123	17	%	%	NOUN
fsr-3933	123	18	.	.	PUNCT
fsr-3933	124	1	wgs	wgs	PROPN
fsr-3933	124	2	deciles	deciles	PROPN
fsr-3933	124	3	wgs	wgs	PROPN
fsr-3933	124	4	sorted	sort	VERB
fsr-3933	124	5	into	into	ADP
fsr-3933	124	6	decile	decile	NOUN
fsr-3933	124	7	portfolios	portfolio	NOUN
fsr-3933	124	8	and	and	CCONJ
fsr-3933	124	9	assigned	assign	VERB
fsr-3933	124	10	a	a	DET
fsr-3933	124	11	rank	rank	NOUN
fsr-3933	124	12	from	from	ADP
fsr-3933	124	13	1	1	NUM
fsr-3933	124	14	to	to	PART
fsr-3933	124	15	10	10	NUM
fsr-3933	124	16	from	from	ADP
fsr-3933	124	17	lowest	low	ADJ
fsr-3933	124	18	to	to	ADP
fsr-3933	124	19	highest	high	ADJ
fsr-3933	124	20	growth	growth	NOUN
fsr-3933	124	21	.	.	PUNCT
fsr-3933	125	1	ln(wgs	ln(wgs	VERB
fsr-3933	125	2	)	)	PUNCT
fsr-3933	125	3	the	the	DET
fsr-3933	125	4	natural	natural	ADJ
fsr-3933	125	5	log	log	NOUN
fsr-3933	125	6	of	of	ADP
fsr-3933	125	7	wgs	wgs	NOUN
fsr-3933	125	8	deciles	decile	NOUN
fsr-3933	125	9	.	.	PUNCT
fsr-3933	126	1	ln(me	ln(me	PROPN
fsr-3933	126	2	)	)	PUNCT
fsr-3933	126	3	the	the	DET
fsr-3933	126	4	natural	natural	ADJ
fsr-3933	126	5	log	log	NOUN
fsr-3933	126	6	of	of	ADP
fsr-3933	126	7	june	june	PROPN
fsr-3933	126	8	ending	end	VERB
fsr-3933	126	9	market	market	NOUN
fsr-3933	126	10	value	value	NOUN
fsr-3933	126	11	denominated	denominate	VERB
fsr-3933	126	12	in	in	ADP
fsr-3933	126	13	millions	million	NOUN
fsr-3933	126	14	of	of	ADP
fsr-3933	126	15	dollars	dollar	NOUN
fsr-3933	126	16	.	.	PUNCT
fsr-3933	127	1	market	market	NOUN
fsr-3933	127	2	equity	equity	NOUN
fsr-3933	127	3	(	(	PUNCT
fsr-3933	127	4	me	i	PRON
fsr-3933	127	5	)	)	PUNCT
fsr-3933	127	6	for	for	ADP
fsr-3933	127	7	the	the	DET
fsr-3933	127	8	“	"	PUNCT
fsr-3933	127	9	size	size	NOUN
fsr-3933	127	10	”	"	PUNCT
fsr-3933	127	11	variable	variable	NOUN
fsr-3933	127	12	is	be	AUX
fsr-3933	127	13	taken	take	VERB
fsr-3933	127	14	from	from	ADP
fsr-3933	127	15	crsp	crsp	PROPN
fsr-3933	127	16	.	.	PUNCT
fsr-3933	128	1	the	the	DET
fsr-3933	128	2	most	most	ADV
fsr-3933	128	3	recent	recent	ADJ
fsr-3933	128	4	reported	report	VERB
fsr-3933	128	5	shares	share	NOUN
fsr-3933	128	6	outstanding	outstanding	ADJ
fsr-3933	128	7	are	be	AUX
fsr-3933	128	8	multiplied	multiply	VERB
fsr-3933	128	9	with	with	ADP
fsr-3933	128	10	the	the	DET
fsr-3933	128	11	price	price	NOUN
fsr-3933	128	12	reported	report	VERB
fsr-3933	128	13	on	on	ADP
fsr-3933	128	14	the	the	DET
fsr-3933	128	15	last	last	ADJ
fsr-3933	128	16	trade	trade	NOUN
fsr-3933	128	17	date	date	NOUN
fsr-3933	128	18	of	of	ADP
fsr-3933	128	19	june	june	PROPN
fsr-3933	128	20	in	in	ADP
fsr-3933	128	21	year	year	NOUN
fsr-3933	128	22	t.	t.	PROPN
fsr-3933	128	23	365r.r	365r.r	PROPN
fsr-3933	128	24	.	.	PUNCT
fsr-3933	129	1	trecartin	trecartin	PROPN
fsr-3933	129	2	/	/	SYM
fsr-3933	129	3	financial	financial	ADJ
fsr-3933	129	4	services	service	NOUN
fsr-3933	129	5	review	review	VERB
fsr-3933	129	6	9	9	NUM
fsr-3933	129	7	(	(	PUNCT
fsr-3933	129	8	2000	2000	NUM
fsr-3933	129	9	)	)	PUNCT
fsr-3933	129	10	361–373	361–373	NUM
fsr-3933	129	11	size	size	NOUN
fsr-3933	129	12	,	,	PUNCT
fsr-3933	129	13	sales	sale	NOUN
fsr-3933	129	14	growth	growth	NOUN
fsr-3933	129	15	,	,	PUNCT
fsr-3933	129	16	and	and	CCONJ
fsr-3933	129	17	cash	cash	NOUN
fsr-3933	129	18	flow	flow	NOUN
fsr-3933	129	19	.	.	PUNCT
fsr-3933	130	1	the	the	DET
fsr-3933	130	2	coefficient	coefficient	NOUN
fsr-3933	130	3	mean	mean	VERB
fsr-3933	130	4	(	(	PUNCT
fsr-3933	130	5	or	or	CCONJ
fsr-3933	130	6	average	average	ADJ
fsr-3933	130	7	slope	slope	NOUN
fsr-3933	130	8	)	)	PUNCT
fsr-3933	130	9	for	for	ADP
fsr-3933	130	10	each	each	DET
fsr-3933	130	11	variable	variable	NOUN
fsr-3933	130	12	is	be	AUX
fsr-3933	130	13	the	the	DET
fsr-3933	130	14	time	time	NOUN
fsr-3933	130	15	series	series	PROPN
fsr-3933	130	16	average	average	NOUN
fsr-3933	130	17	of	of	ADP
fsr-3933	130	18	the	the	DET
fsr-3933	130	19	regression	regression	NOUN
fsr-3933	130	20	coefficients	coefficient	NOUN
fsr-3933	130	21	taken	take	VERB
fsr-3933	130	22	from	from	ADP
fsr-3933	130	23	414	414	NUM
fsr-3933	130	24	monthly	monthly	ADJ
fsr-3933	130	25	regressions	regression	NOUN
fsr-3933	130	26	that	that	PRON
fsr-3933	130	27	start	start	VERB
fsr-3933	130	28	in	in	ADP
fsr-3933	130	29	july	july	PROPN
fsr-3933	130	30	1963	1963	NUM
fsr-3933	130	31	and	and	CCONJ
fsr-3933	130	32	proceed	proceed	VERB
fsr-3933	130	33	to	to	ADP
fsr-3933	130	34	december	december	PROPN
fsr-3933	130	35	1997	1997	NUM
fsr-3933	130	36	.	.	PUNCT
fsr-3933	131	1	these	these	DET
fsr-3933	131	2	coefficients	coefficient	NOUN
fsr-3933	131	3	vary	vary	VERB
fsr-3933	131	4	over	over	ADP
fsr-3933	131	5	the	the	DET
fsr-3933	131	6	34.5	34.5	NUM
fsr-3933	131	7	-	-	PUNCT
fsr-3933	131	8	year	year	NOUN
fsr-3933	131	9	period	period	NOUN
fsr-3933	131	10	but	but	CCONJ
fsr-3933	131	11	on	on	ADP
fsr-3933	131	12	an	an	DET
fsr-3933	131	13	average	average	NOUN
fsr-3933	131	14	explain	explain	VERB
fsr-3933	131	15	a	a	DET
fsr-3933	131	16	statistically	statistically	ADV
fsr-3933	131	17	significant	significant	ADJ
fsr-3933	131	18	portion	portion	NOUN
fsr-3933	131	19	of	of	ADP
fsr-3933	131	20	the	the	DET
fsr-3933	131	21	variation	variation	NOUN
fsr-3933	131	22	in	in	ADP
fsr-3933	131	23	return	return	NOUN
fsr-3933	131	24	.	.	PUNCT
fsr-3933	132	1	all	all	DET
fsr-3933	132	2	the	the	DET
fsr-3933	132	3	variables	variable	NOUN
fsr-3933	132	4	are	be	AUX
fsr-3933	132	5	significant	significant	ADJ
fsr-3933	132	6	and	and	CCONJ
fsr-3933	132	7	have	have	VERB
fsr-3933	132	8	signs	sign	NOUN
fsr-3933	132	9	that	that	PRON
fsr-3933	132	10	correspond	correspond	VERB
fsr-3933	132	11	with	with	ADP
fsr-3933	132	12	the	the	DET
fsr-3933	132	13	results	result	NOUN
fsr-3933	132	14	from	from	ADP
fsr-3933	132	15	earlier	early	ADJ
fsr-3933	132	16	studies	study	NOUN
fsr-3933	132	17	.	.	PUNCT
fsr-3933	133	1	ln(be	ln(be	NOUN
fsr-3933	133	2	/	/	SYM
fsr-3933	133	3	me	me	PROPN
fsr-3933	133	4	)	)	PUNCT
fsr-3933	133	5	and	and	CCONJ
fsr-3933	133	6	cash	cash	NOUN
fsr-3933	133	7	flow	flow	NOUN
fsr-3933	133	8	variables	variable	NOUN
fsr-3933	133	9	are	be	AUX
fsr-3933	133	10	positively	positively	ADV
fsr-3933	133	11	related	relate	VERB
fsr-3933	133	12	to	to	PART
fsr-3933	133	13	return	return	VERB
fsr-3933	133	14	while	while	SCONJ
fsr-3933	133	15	size	size	NOUN
fsr-3933	133	16	and	and	CCONJ
fsr-3933	133	17	sales	sale	NOUN
fsr-3933	133	18	growth	growth	NOUN
fsr-3933	133	19	variables	variable	NOUN
fsr-3933	133	20	are	be	AUX
fsr-3933	133	21	negatively	negatively	ADV
fsr-3933	133	22	correlated	correlate	VERB
fsr-3933	133	23	with	with	ADP
fsr-3933	133	24	return	return	NOUN
fsr-3933	133	25	.	.	PUNCT
fsr-3933	134	1	the	the	DET
fsr-3933	134	2	strongest	strong	ADJ
fsr-3933	134	3	variables	variable	NOUN
fsr-3933	134	4	are	be	AUX
fsr-3933	134	5	ln(be	ln(be	PROPN
fsr-3933	134	6	/	/	SYM
fsr-3933	134	7	me	me	PROPN
fsr-3933	134	8	)	)	PUNCT
fsr-3933	134	9	and	and	CCONJ
fsr-3933	134	10	cash	cash	NOUN
fsr-3933	134	11	flow	flow	NOUN
fsr-3933	134	12	deciles	decile	NOUN
fsr-3933	134	13	.	.	PUNCT
fsr-3933	135	1	the	the	DET
fsr-3933	135	2	next	next	ADJ
fsr-3933	135	3	strongest	strong	ADJ
fsr-3933	135	4	variables	variable	NOUN
fsr-3933	135	5	are	be	AUX
fsr-3933	135	6	the	the	DET
fsr-3933	135	7	natural	natural	ADJ
fsr-3933	135	8	log	log	NOUN
fsr-3933	135	9	of	of	ADP
fsr-3933	135	10	weighted	weight	VERB
fsr-3933	135	11	sales	sale	NOUN
fsr-3933	135	12	growth	growth	NOUN
fsr-3933	135	13	,	,	PUNCT
fsr-3933	135	14	and	and	CCONJ
fsr-3933	135	15	size	size	NOUN
fsr-3933	135	16	.	.	PUNCT
fsr-3933	136	1	of	of	ADP
fsr-3933	136	2	all	all	DET
fsr-3933	136	3	the	the	DET
fsr-3933	136	4	variables	variable	NOUN
fsr-3933	136	5	analyzed	analyze	VERB
fsr-3933	136	6	in	in	ADP
fsr-3933	136	7	a	a	DET
fsr-3933	136	8	univariate	univariate	ADJ
fsr-3933	136	9	fashion	fashion	NOUN
fsr-3933	136	10	,	,	PUNCT
fsr-3933	136	11	ln(be	ln(be	PROPN
fsr-3933	136	12	/	/	SYM
fsr-3933	136	13	me	me	PROPN
fsr-3933	136	14	)	)	PUNCT
fsr-3933	136	15	has	have	VERB
fsr-3933	136	16	the	the	DET
fsr-3933	136	17	highest	high	ADJ
fsr-3933	136	18	significance	significance	NOUN
fsr-3933	136	19	level	level	NOUN
fsr-3933	136	20	,	,	PUNCT
fsr-3933	136	21	but	but	CCONJ
fsr-3933	136	22	only	only	ADV
fsr-3933	136	23	fractionally	fractionally	ADV
fsr-3933	136	24	higher	high	ADJ
fsr-3933	136	25	than	than	ADP
fsr-3933	136	26	cash	cash	NOUN
fsr-3933	136	27	flow	flow	NOUN
fsr-3933	136	28	deciles	decile	NOUN
fsr-3933	136	29	.	.	PUNCT
fsr-3933	137	1	examination	examination	NOUN
fsr-3933	137	2	of	of	ADP
fsr-3933	137	3	each	each	DET
fsr-3933	137	4	individual	individual	ADJ
fsr-3933	137	5	monthly	monthly	ADJ
fsr-3933	137	6	regression	regression	NOUN
fsr-3933	137	7	,	,	PUNCT
fsr-3933	137	8	reveals	reveal	VERB
fsr-3933	137	9	that	that	SCONJ
fsr-3933	137	10	ln(be	ln(be	PROPN
fsr-3933	137	11	/	/	SYM
fsr-3933	137	12	me	i	PRON
fsr-3933	137	13	)	)	PUNCT
fsr-3933	137	14	has	have	VERB
fsr-3933	137	15	more	more	ADV
fsr-3933	137	16	significant	significant	ADJ
fsr-3933	137	17	monthly	monthly	ADJ
fsr-3933	137	18	regressions	regression	NOUN
fsr-3933	137	19	of	of	ADP
fsr-3933	137	20	the	the	DET
fsr-3933	137	21	appropriate	appropriate	ADJ
fsr-3933	137	22	sign	sign	NOUN
fsr-3933	137	23	than	than	ADP
fsr-3933	137	24	any	any	DET
fsr-3933	137	25	other	other	ADJ
fsr-3933	137	26	variable	variable	NOUN
fsr-3933	137	27	in	in	ADP
fsr-3933	137	28	the	the	DET
fsr-3933	137	29	study	study	NOUN
fsr-3933	137	30	.	.	PUNCT
fsr-3933	138	1	out	out	ADP
fsr-3933	138	2	of	of	ADP
fsr-3933	138	3	a	a	DET
fsr-3933	138	4	universe	universe	NOUN
fsr-3933	138	5	of	of	ADP
fsr-3933	138	6	414	414	NUM
fsr-3933	138	7	monthly	monthly	ADJ
fsr-3933	138	8	regressions	regression	NOUN
fsr-3933	138	9	,	,	PUNCT
fsr-3933	138	10	43.0	43.0	NUM
fsr-3933	138	11	%	%	NOUN
fsr-3933	138	12	are	be	AUX
fsr-3933	138	13	significantly	significantly	ADV
fsr-3933	138	14	positive	positive	ADJ
fsr-3933	138	15	while	while	SCONJ
fsr-3933	138	16	only	only	ADV
fsr-3933	138	17	18.4	18.4	NUM
fsr-3933	138	18	%	%	NOUN
fsr-3933	138	19	work	work	NOUN
fsr-3933	138	20	in	in	ADP
fsr-3933	138	21	the	the	DET
fsr-3933	138	22	opposite	opposite	ADJ
fsr-3933	138	23	direction	direction	NOUN
fsr-3933	138	24	.	.	PUNCT
fsr-3933	139	1	thirty	thirty	NUM
fsr-3933	139	2	-	-	PUNCT
fsr-3933	139	3	nine	nine	NUM
fsr-3933	139	4	percentage	percentage	NOUN
fsr-3933	139	5	(	(	PUNCT
fsr-3933	139	6	38.6	38.6	NUM
fsr-3933	139	7	%	%	NOUN
fsr-3933	139	8	)	)	PUNCT
fsr-3933	139	9	of	of	ADP
fsr-3933	139	10	the	the	DET
fsr-3933	139	11	monthly	monthly	ADJ
fsr-3933	139	12	regression	regression	NOUN
fsr-3933	139	13	coefficients	coefficient	NOUN
fsr-3933	139	14	can	can	AUX
fsr-3933	139	15	not	not	PART
fsr-3933	139	16	be	be	AUX
fsr-3933	139	17	established	establish	VERB
fsr-3933	139	18	as	as	ADV
fsr-3933	139	19	different	different	ADJ
fsr-3933	139	20	from	from	ADP
fsr-3933	139	21	zero	zero	NUM
fsr-3933	139	22	.	.	PUNCT
fsr-3933	140	1	the	the	DET
fsr-3933	140	2	cash	cash	NOUN
fsr-3933	140	3	flow	flow	NOUN
fsr-3933	140	4	decile	decile	NOUN
fsr-3933	140	5	variable	variable	NOUN
fsr-3933	140	6	has	have	VERB
fsr-3933	140	7	fewer	few	ADJ
fsr-3933	140	8	statistically	statistically	ADV
fsr-3933	140	9	positive	positive	ADJ
fsr-3933	140	10	monthly	monthly	ADJ
fsr-3933	140	11	regression	regression	NOUN
fsr-3933	140	12	coefficients	coefficient	NOUN
fsr-3933	140	13	than	than	ADP
fsr-3933	140	14	ln(be	ln(be	PROPN
fsr-3933	140	15	/	/	SYM
fsr-3933	140	16	me	i	PRON
fsr-3933	140	17	)	)	PUNCT
fsr-3933	140	18	,	,	PUNCT
fsr-3933	140	19	and	and	CCONJ
fsr-3933	140	20	about	about	ADP
fsr-3933	140	21	the	the	DET
fsr-3933	140	22	same	same	ADJ
fsr-3933	140	23	number	number	NOUN
fsr-3933	140	24	of	of	ADP
fsr-3933	140	25	months	month	NOUN
fsr-3933	140	26	where	where	SCONJ
fsr-3933	140	27	the	the	DET
fsr-3933	140	28	results	result	NOUN
fsr-3933	140	29	move	move	VERB
fsr-3933	140	30	in	in	ADP
fsr-3933	140	31	the	the	DET
fsr-3933	140	32	wrong	wrong	ADJ
fsr-3933	140	33	direction	direction	NOUN
fsr-3933	140	34	(	(	PUNCT
fsr-3933	140	35	40.6	40.6	NUM
fsr-3933	140	36	%	%	NOUN
fsr-3933	140	37	positive	positive	ADJ
fsr-3933	140	38	,	,	PUNCT
fsr-3933	140	39	18.6	18.6	NUM
fsr-3933	140	40	%	%	NOUN
fsr-3933	140	41	negative	negative	ADJ
fsr-3933	140	42	,	,	PUNCT
fsr-3933	140	43	and	and	CCONJ
fsr-3933	140	44	40.8	40.8	NUM
fsr-3933	140	45	%	%	NOUN
fsr-3933	140	46	inconclusive	inconclusive	ADJ
fsr-3933	140	47	)	)	PUNCT
fsr-3933	140	48	.	.	PUNCT
fsr-3933	141	1	for	for	ADP
fsr-3933	141	2	ln(wgs	ln(wgs	PROPN
fsr-3933	141	3	)	)	PUNCT
fsr-3933	141	4	30.4	30.4	NUM
fsr-3933	141	5	%	%	NOUN
fsr-3933	141	6	have	have	VERB
fsr-3933	141	7	significant	significant	ADJ
fsr-3933	141	8	negative	negative	ADJ
fsr-3933	141	9	monthly	monthly	ADJ
fsr-3933	141	10	coefficients	coefficient	NOUN
fsr-3933	141	11	,	,	PUNCT
fsr-3933	141	12	while	while	SCONJ
fsr-3933	141	13	15.5	15.5	NUM
fsr-3933	141	14	%	%	NOUN
fsr-3933	141	15	of	of	ADP
fsr-3933	141	16	the	the	DET
fsr-3933	141	17	months	month	NOUN
fsr-3933	141	18	perform	perform	VERB
fsr-3933	141	19	contrary	contrary	ADV
fsr-3933	141	20	to	to	ADP
fsr-3933	141	21	expectations	expectation	NOUN
fsr-3933	141	22	.	.	PUNCT
fsr-3933	142	1	over	over	ADP
fsr-3933	142	2	half	half	DET
fsr-3933	142	3	the	the	DET
fsr-3933	142	4	monthly	monthly	ADJ
fsr-3933	142	5	regressions	regression	NOUN
fsr-3933	142	6	coefficients	coefficient	NOUN
fsr-3933	142	7	(	(	PUNCT
fsr-3933	142	8	54.1	54.1	NUM
fsr-3933	142	9	%	%	NOUN
fsr-3933	142	10	)	)	PUNCT
fsr-3933	142	11	are	be	AUX
fsr-3933	142	12	insignificant	insignificant	ADJ
fsr-3933	142	13	.	.	PUNCT
fsr-3933	143	1	for	for	ADP
fsr-3933	143	2	ln(me	ln(me	NOUN
fsr-3933	143	3	)	)	PUNCT
fsr-3933	143	4	similar	similar	ADJ
fsr-3933	143	5	percentages	percentage	NOUN
fsr-3933	143	6	are	be	AUX
fsr-3933	143	7	40.3	40.3	NUM
fsr-3933	143	8	%	%	NOUN
fsr-3933	143	9	significantly	significantly	ADV
fsr-3933	143	10	negative	negative	ADJ
fsr-3933	143	11	,	,	PUNCT
fsr-3933	143	12	31.6	31.6	NUM
fsr-3933	143	13	%	%	NOUN
fsr-3933	143	14	significantly	significantly	ADV
fsr-3933	143	15	positive	positive	ADJ
fsr-3933	143	16	,	,	PUNCT
fsr-3933	143	17	and	and	CCONJ
fsr-3933	143	18	28	28	NUM
fsr-3933	143	19	%	%	NOUN
fsr-3933	143	20	inconclusive	inconclusive	ADJ
fsr-3933	143	21	.	.	PUNCT
fsr-3933	144	1	on	on	ADP
fsr-3933	144	2	the	the	DET
fsr-3933	144	3	univariate	univariate	ADJ
fsr-3933	144	4	level	level	NOUN
fsr-3933	144	5	the	the	DET
fsr-3933	144	6	results	result	NOUN
fsr-3933	144	7	indicate	indicate	VERB
fsr-3933	144	8	that	that	SCONJ
fsr-3933	144	9	ln(be	ln(be	PROPN
fsr-3933	144	10	/	/	SYM
fsr-3933	144	11	me	i	PRON
fsr-3933	144	12	)	)	PUNCT
fsr-3933	144	13	would	would	AUX
fsr-3933	144	14	probably	probably	ADV
fsr-3933	144	15	be	be	AUX
fsr-3933	144	16	the	the	DET
fsr-3933	144	17	most	most	ADV
fsr-3933	144	18	effective	effective	ADJ
fsr-3933	144	19	predictor	predictor	NOUN
fsr-3933	144	20	of	of	ADP
fsr-3933	144	21	return	return	NOUN
fsr-3933	144	22	over	over	ADP
fsr-3933	144	23	time	time	NOUN
fsr-3933	144	24	due	due	ADP
fsr-3933	144	25	to	to	ADP
fsr-3933	144	26	its	its	PRON
fsr-3933	144	27	more	more	ADV
fsr-3933	144	28	consistent	consistent	ADJ
fsr-3933	144	29	relationship	relationship	NOUN
fsr-3933	144	30	with	with	ADP
fsr-3933	144	31	return	return	NOUN
fsr-3933	144	32	.	.	PUNCT
fsr-3933	145	1	in	in	ADP
fsr-3933	145	2	this	this	DET
fsr-3933	145	3	context	context	NOUN
fsr-3933	145	4	there	there	PRON
fsr-3933	145	5	is	be	VERB
fsr-3933	145	6	no	no	DET
fsr-3933	145	7	one	one	NUM
fsr-3933	145	8	unique	unique	ADJ
fsr-3933	145	9	definition	definition	NOUN
fsr-3933	145	10	of	of	ADP
fsr-3933	145	11	reliability	reliability	NOUN
fsr-3933	145	12	.	.	PUNCT
fsr-3933	146	1	what	what	PRON
fsr-3933	146	2	is	be	AUX
fsr-3933	146	3	meant	mean	VERB
fsr-3933	146	4	by	by	ADP
fsr-3933	146	5	reliability	reliability	NOUN
fsr-3933	146	6	for	for	ADP
fsr-3933	146	7	a	a	DET
fsr-3933	146	8	variable	variable	NOUN
fsr-3933	146	9	,	,	PUNCT
fsr-3933	146	10	is	be	AUX
fsr-3933	146	11	that	that	SCONJ
fsr-3933	146	12	it	it	PRON
fsr-3933	146	13	is	be	AUX
fsr-3933	146	14	statistically	statistically	ADV
fsr-3933	146	15	significant	significant	ADJ
fsr-3933	146	16	with	with	ADP
fsr-3933	146	17	the	the	DET
fsr-3933	146	18	proper	proper	ADJ
fsr-3933	146	19	sign	sign	NOUN
fsr-3933	146	20	for	for	ADP
fsr-3933	146	21	the	the	DET
fsr-3933	146	22	period	period	NOUN
fsr-3933	146	23	of	of	ADP
fsr-3933	146	24	table	table	NOUN
fsr-3933	146	25	2	2	NUM
fsr-3933	146	26	average	average	ADJ
fsr-3933	146	27	slopes	slope	NOUN
fsr-3933	146	28	from	from	ADP
fsr-3933	146	29	month	month	NOUN
fsr-3933	146	30	-	-	PUNCT
fsr-3933	146	31	by	by	ADP
fsr-3933	146	32	-	-	PUNCT
fsr-3933	146	33	month	month	NOUN
fsr-3933	146	34	regressions	regression	NOUN
fsr-3933	146	35	of	of	ADP
fsr-3933	146	36	stock	stock	NOUN
fsr-3933	146	37	return	return	NOUN
fsr-3933	146	38	on	on	ADP
fsr-3933	146	39	variables	variable	NOUN
fsr-3933	146	40	of	of	ADP
fsr-3933	146	41	interest	interest	NOUN
fsr-3933	146	42	july	july	PROPN
fsr-3933	146	43	1963	1963	NUM
fsr-3933	146	44	to	to	ADP
fsr-3933	146	45	december	december	PROPN
fsr-3933	146	46	1997	1997	NUM
fsr-3933	146	47	variable	variable	ADJ
fsr-3933	146	48	coefficient	coefficient	NOUN
fsr-3933	146	49	mean	mean	PROPN
fsr-3933	146	50	t	t	PROPN
fsr-3933	146	51	statistic	statistic	NOUN
fsr-3933	146	52	p	p	NOUN
fsr-3933	146	53	value	value	NOUN
fsr-3933	146	54	number	number	NOUN
fsr-3933	146	55	sign	sign	NOUN
fsr-3933	146	56	pos	pos	NOUN
fsr-3933	146	57	months	month	NOUN
fsr-3933	146	58	numbers	number	NOUN
fsr-3933	146	59	sign	sign	VERB
fsr-3933	146	60	neg	neg	NOUN
fsr-3933	146	61	months	month	NOUN
fsr-3933	146	62	ln(be	ln(be	PROPN
fsr-3933	146	63	/	/	SYM
fsr-3933	146	64	me	me	PROPN
fsr-3933	146	65	)	)	PUNCT
fsr-3933	146	66	0.48	0.48	NUM
fsr-3933	146	67	%	%	NOUN
fsr-3933	147	1	6.07	6.07	NUM
fsr-3933	147	2	0.000	0.000	NUM
fsr-3933	147	3	*	*	SYM
fsr-3933	147	4	178	178	NUM
fsr-3933	147	5	76	76	NUM
fsr-3933	147	6	cashflow	cashflow	ADJ
fsr-3933	147	7	0.11	0.11	NUM
fsr-3933	147	8	%	%	NOUN
fsr-3933	147	9	5.59	5.59	NUM
fsr-3933	147	10	0.000	0.000	NUM
fsr-3933	147	11	*	*	SYM
fsr-3933	147	12	168	168	NUM
fsr-3933	147	13	77	77	NUM
fsr-3933	147	14	deciles	decile	NOUN
fsr-3933	147	15	ln(wgs	ln(wgs	NOUN
fsr-3933	147	16	)	)	PUNCT
fsr-3933	147	17	�	�	PROPN
fsr-3933	147	18	0.21	0.21	NUM
fsr-3933	147	19	%	%	NOUN
fsr-3933	147	20	�	�	PROPN
fsr-3933	147	21	3.80	3.80	NUM
fsr-3933	147	22	0.000	0.000	NUM
fsr-3933	147	23	*	*	SYM
fsr-3933	147	24	64	64	NUM
fsr-3933	147	25	126	126	NUM
fsr-3933	147	26	ln(me	ln(me	NOUN
fsr-3933	147	27	)	)	PUNCT
fsr-3933	147	28	�	�	PROPN
fsr-3933	147	29	0.14	0.14	NUM
fsr-3933	147	30	%	%	NOUN
fsr-3933	147	31	�	�	PROPN
fsr-3933	147	32	3.11	3.11	NUM
fsr-3933	147	33	0.002	0.002	NUM
fsr-3933	147	34	*	*	SYM
fsr-3933	147	35	131	131	NUM
fsr-3933	147	36	167	167	NUM
fsr-3933	147	37	each	each	DET
fsr-3933	147	38	variable	variable	NOUN
fsr-3933	147	39	is	be	AUX
fsr-3933	147	40	formed	form	VERB
fsr-3933	147	41	as	as	SCONJ
fsr-3933	147	42	described	describe	VERB
fsr-3933	147	43	in	in	ADP
fsr-3933	147	44	table	table	NOUN
fsr-3933	147	45	1	1	NUM
fsr-3933	147	46	.	.	PUNCT
fsr-3933	148	1	the	the	DET
fsr-3933	148	2	coefficient	coefficient	NOUN
fsr-3933	148	3	mean	mean	VERB
fsr-3933	148	4	(	(	PUNCT
fsr-3933	148	5	or	or	CCONJ
fsr-3933	148	6	average	average	ADJ
fsr-3933	148	7	slope	slope	NOUN
fsr-3933	148	8	)	)	PUNCT
fsr-3933	148	9	is	be	AUX
fsr-3933	148	10	the	the	DET
fsr-3933	148	11	average	average	ADJ
fsr-3933	148	12	regression	regression	NOUN
fsr-3933	148	13	coefficient	coefficient	NOUN
fsr-3933	148	14	taken	take	VERB
fsr-3933	148	15	from	from	ADP
fsr-3933	148	16	414	414	NUM
fsr-3933	148	17	monthly	monthly	ADJ
fsr-3933	148	18	regressions	regression	NOUN
fsr-3933	148	19	that	that	PRON
fsr-3933	148	20	start	start	VERB
fsr-3933	148	21	in	in	ADP
fsr-3933	148	22	july	july	PROPN
fsr-3933	148	23	1963	1963	NUM
fsr-3933	148	24	and	and	CCONJ
fsr-3933	148	25	proceed	proceed	VERB
fsr-3933	148	26	to	to	ADP
fsr-3933	148	27	december	december	PROPN
fsr-3933	148	28	1997	1997	NUM
fsr-3933	148	29	.	.	PUNCT
fsr-3933	149	1	the	the	DET
fsr-3933	149	2	t	t	PROPN
fsr-3933	149	3	-	-	PUNCT
fsr-3933	149	4	statistics	statistic	NOUN
fsr-3933	149	5	and	and	CCONJ
fsr-3933	149	6	p	p	NOUN
fsr-3933	149	7	values	value	NOUN
fsr-3933	149	8	are	be	AUX
fsr-3933	149	9	taken	take	VERB
fsr-3933	149	10	from	from	ADP
fsr-3933	149	11	single	single	ADJ
fsr-3933	149	12	sample	sample	NOUN
fsr-3933	149	13	t	t	NOUN
fsr-3933	149	14	-	-	PUNCT
fsr-3933	149	15	tests	test	NOUN
fsr-3933	149	16	in	in	ADP
fsr-3933	149	17	which	which	PRON
fsr-3933	149	18	the	the	DET
fsr-3933	149	19	time	time	NOUN
fsr-3933	149	20	series	series	NOUN
fsr-3933	149	21	of	of	ADP
fsr-3933	149	22	the	the	DET
fsr-3933	149	23	regression	regression	NOUN
fsr-3933	149	24	coefficient	coefficient	NOUN
fsr-3933	149	25	is	be	AUX
fsr-3933	149	26	tested	test	VERB
fsr-3933	149	27	for	for	ADP
fsr-3933	149	28	the	the	DET
fsr-3933	149	29	hypothesis	hypothesis	NOUN
fsr-3933	149	30	that	that	PRON
fsr-3933	149	31	the	the	DET
fsr-3933	149	32	mean	mean	NOUN
fsr-3933	149	33	is	be	AUX
fsr-3933	149	34	not	not	PART
fsr-3933	149	35	different	different	ADJ
fsr-3933	149	36	than	than	ADP
fsr-3933	149	37	zero	zero	NUM
fsr-3933	149	38	.	.	PUNCT
fsr-3933	150	1	asterisks	asterisk	NOUN
fsr-3933	150	2	found	find	VERB
fsr-3933	150	3	next	next	ADV
fsr-3933	150	4	to	to	ADP
fsr-3933	150	5	individual	individual	ADJ
fsr-3933	150	6	p	p	NOUN
fsr-3933	150	7	values	value	NOUN
fsr-3933	150	8	highlight	highlight	VERB
fsr-3933	150	9	significance	significance	NOUN
fsr-3933	150	10	levels	level	NOUN
fsr-3933	150	11	at	at	ADP
fsr-3933	150	12	5	5	NUM
fsr-3933	150	13	%	%	NOUN
fsr-3933	150	14	or	or	CCONJ
fsr-3933	150	15	lower	low	ADJ
fsr-3933	150	16	.	.	PUNCT
fsr-3933	151	1	in	in	ADP
fsr-3933	151	2	addition	addition	NOUN
fsr-3933	151	3	,	,	PUNCT
fsr-3933	151	4	the	the	DET
fsr-3933	151	5	number	number	NOUN
fsr-3933	151	6	of	of	ADP
fsr-3933	151	7	significant	significant	ADJ
fsr-3933	151	8	positive	positive	ADJ
fsr-3933	151	9	and	and	CCONJ
fsr-3933	151	10	negative	negative	ADJ
fsr-3933	151	11	(	(	PUNCT
fsr-3933	151	12	5	5	NUM
fsr-3933	151	13	%	%	NOUN
fsr-3933	151	14	level	level	NOUN
fsr-3933	151	15	)	)	PUNCT
fsr-3933	151	16	monthly	monthly	ADJ
fsr-3933	151	17	regression	regression	NOUN
fsr-3933	151	18	coefficients	coefficient	NOUN
fsr-3933	151	19	are	be	AUX
fsr-3933	151	20	recorded	record	VERB
fsr-3933	151	21	.	.	PUNCT
fsr-3933	152	1	366	366	NUM
fsr-3933	152	2	r.r	r.r	PROPN
fsr-3933	152	3	.	.	PROPN
fsr-3933	152	4	trecartin	trecartin	PROPN
fsr-3933	152	5	/	/	SYM
fsr-3933	152	6	financial	financial	ADJ
fsr-3933	152	7	services	service	NOUN
fsr-3933	152	8	review	review	VERB
fsr-3933	152	9	9	9	NUM
fsr-3933	152	10	(	(	PUNCT
fsr-3933	152	11	2000	2000	NUM
fsr-3933	152	12	)	)	PUNCT
fsr-3933	152	13	361–373	361–373	NUM
fsr-3933	152	14	examination	examination	NOUN
fsr-3933	152	15	,	,	PUNCT
fsr-3933	152	16	and	and	CCONJ
fsr-3933	152	17	that	that	SCONJ
fsr-3933	152	18	it	it	PRON
fsr-3933	152	19	correctly	correctly	ADV
fsr-3933	152	20	predicts	predict	VERB
fsr-3933	152	21	returns	return	NOUN
fsr-3933	152	22	in	in	ADP
fsr-3933	152	23	more	more	ADJ
fsr-3933	152	24	than	than	ADP
fsr-3933	152	25	50	50	NUM
fsr-3933	152	26	%	%	NOUN
fsr-3933	152	27	of	of	ADP
fsr-3933	152	28	the	the	DET
fsr-3933	152	29	time	time	NOUN
fsr-3933	152	30	periods	period	NOUN
fsr-3933	152	31	.	.	PUNCT
fsr-3933	153	1	the	the	DET
fsr-3933	153	2	position	position	NOUN
fsr-3933	153	3	taken	take	VERB
fsr-3933	153	4	in	in	ADP
fsr-3933	153	5	this	this	DET
fsr-3933	153	6	paper	paper	NOUN
fsr-3933	153	7	holds	hold	VERB
fsr-3933	153	8	that	that	SCONJ
fsr-3933	153	9	a	a	DET
fsr-3933	153	10	strategy	strategy	NOUN
fsr-3933	153	11	is	be	AUX
fsr-3933	153	12	not	not	PART
fsr-3933	153	13	considered	consider	VERB
fsr-3933	153	14	reliable	reliable	ADJ
fsr-3933	153	15	if	if	SCONJ
fsr-3933	153	16	it	it	PRON
fsr-3933	153	17	captures	capture	VERB
fsr-3933	153	18	variation	variation	NOUN
fsr-3933	153	19	in	in	ADP
fsr-3933	153	20	return	return	NOUN
fsr-3933	153	21	less	less	ADJ
fsr-3933	153	22	than	than	ADP
fsr-3933	153	23	50	50	NUM
fsr-3933	153	24	%	%	NOUN
fsr-3933	153	25	of	of	ADP
fsr-3933	153	26	the	the	DET
fsr-3933	153	27	time	time	NOUN
fsr-3933	153	28	.	.	PUNCT
fsr-3933	154	1	clearly	clearly	ADV
fsr-3933	154	2	,	,	PUNCT
fsr-3933	154	3	if	if	SCONJ
fsr-3933	154	4	one	one	PRON
fsr-3933	154	5	accepts	accept	VERB
fsr-3933	154	6	this	this	DET
fsr-3933	154	7	definition	definition	NOUN
fsr-3933	154	8	of	of	ADP
fsr-3933	154	9	reliability	reliability	NOUN
fsr-3933	154	10	,	,	PUNCT
fsr-3933	154	11	the	the	DET
fsr-3933	154	12	value	value	NOUN
fsr-3933	154	13	effect	effect	NOUN
fsr-3933	154	14	as	as	SCONJ
fsr-3933	154	15	captured	capture	VERB
fsr-3933	154	16	by	by	ADP
fsr-3933	154	17	be	be	AUX
fsr-3933	154	18	/	/	SYM
fsr-3933	154	19	me	i	PRON
fsr-3933	154	20	is	be	AUX
fsr-3933	154	21	unreliable	unreliable	ADJ
fsr-3933	154	22	.	.	PUNCT
fsr-3933	155	1	when	when	SCONJ
fsr-3933	155	2	examining	examine	VERB
fsr-3933	155	3	the	the	DET
fsr-3933	155	4	value	value	NOUN
fsr-3933	155	5	effect	effect	NOUN
fsr-3933	155	6	using	use	VERB
fsr-3933	155	7	alternative	alternative	ADJ
fsr-3933	155	8	risk	risk	NOUN
fsr-3933	155	9	proxies	proxy	NOUN
fsr-3933	155	10	the	the	DET
fsr-3933	155	11	level	level	NOUN
fsr-3933	155	12	of	of	ADP
fsr-3933	155	13	reliability	reliability	NOUN
fsr-3933	155	14	will	will	AUX
fsr-3933	155	15	have	have	VERB
fsr-3933	155	16	some	some	DET
fsr-3933	155	17	impact	impact	NOUN
fsr-3933	155	18	on	on	ADP
fsr-3933	155	19	the	the	DET
fsr-3933	155	20	explanation	explanation	NOUN
fsr-3933	155	21	as	as	ADP
fsr-3933	155	22	to	to	ADP
fsr-3933	155	23	whether	whether	SCONJ
fsr-3933	155	24	the	the	DET
fsr-3933	155	25	effect	effect	NOUN
fsr-3933	155	26	is	be	AUX
fsr-3933	155	27	caused	cause	VERB
fsr-3933	155	28	by	by	ADP
fsr-3933	155	29	investor	investor	NOUN
fsr-3933	155	30	overreaction	overreaction	NOUN
fsr-3933	155	31	or	or	CCONJ
fsr-3933	155	32	is	be	AUX
fsr-3933	155	33	based	base	VERB
fsr-3933	155	34	on	on	ADP
fsr-3933	155	35	risk	risk	NOUN
fsr-3933	155	36	.	.	PUNCT
fsr-3933	156	1	risk	risk	NOUN
fsr-3933	156	2	can	can	AUX
fsr-3933	156	3	change	change	VERB
fsr-3933	156	4	through	through	ADP
fsr-3933	156	5	time	time	NOUN
fsr-3933	156	6	,	,	PUNCT
fsr-3933	156	7	but	but	CCONJ
fsr-3933	156	8	in	in	ADP
fsr-3933	156	9	the	the	DET
fsr-3933	156	10	long	long	ADJ
fsr-3933	156	11	tradition	tradition	NOUN
fsr-3933	156	12	of	of	ADP
fsr-3933	156	13	the	the	DET
fsr-3933	156	14	capital	capital	NOUN
fsr-3933	156	15	asset	asset	NOUN
fsr-3933	156	16	pricing	pricing	NOUN
fsr-3933	156	17	model	model	NOUN
fsr-3933	156	18	,	,	PUNCT
fsr-3933	156	19	it	it	PRON
fsr-3933	156	20	may	may	AUX
fsr-3933	156	21	be	be	AUX
fsr-3933	156	22	assumed	assume	VERB
fsr-3933	156	23	that	that	SCONJ
fsr-3933	156	24	a	a	DET
fsr-3933	156	25	risk	risk	NOUN
fsr-3933	156	26	proxy	proxy	NOUN
fsr-3933	156	27	should	should	AUX
fsr-3933	156	28	consistently	consistently	ADV
fsr-3933	156	29	differentiate	differentiate	VERB
fsr-3933	156	30	differences	difference	NOUN
fsr-3933	156	31	in	in	ADP
fsr-3933	156	32	risk	risk	NOUN
fsr-3933	156	33	to	to	ADP
fsr-3933	156	34	the	the	DET
fsr-3933	156	35	exclusion	exclusion	NOUN
fsr-3933	156	36	of	of	ADP
fsr-3933	156	37	other	other	ADJ
fsr-3933	156	38	nonrisk	nonrisk	ADJ
fsr-3933	156	39	based	base	VERB
fsr-3933	156	40	factors	factor	NOUN
fsr-3933	156	41	.	.	PUNCT
fsr-3933	157	1	if	if	SCONJ
fsr-3933	157	2	on	on	ADP
fsr-3933	157	3	the	the	DET
fsr-3933	157	4	other	other	ADJ
fsr-3933	157	5	hand	hand	NOUN
fsr-3933	157	6	,	,	PUNCT
fsr-3933	157	7	investor	investor	NOUN
fsr-3933	157	8	overreaction	overreaction	NOUN
fsr-3933	157	9	or	or	CCONJ
fsr-3933	157	10	fad	fad	NOUN
fsr-3933	157	11	investing	investing	NOUN
fsr-3933	157	12	is	be	AUX
fsr-3933	157	13	driving	drive	VERB
fsr-3933	157	14	returns	return	NOUN
fsr-3933	157	15	,	,	PUNCT
fsr-3933	157	16	it	it	PRON
fsr-3933	157	17	may	may	AUX
fsr-3933	157	18	well	well	ADV
fsr-3933	157	19	be	be	AUX
fsr-3933	157	20	that	that	SCONJ
fsr-3933	157	21	a	a	DET
fsr-3933	157	22	particular	particular	ADJ
fsr-3933	157	23	strategy	strategy	NOUN
fsr-3933	157	24	’s	’s	PART
fsr-3933	157	25	performance	performance	NOUN
fsr-3933	157	26	is	be	AUX
fsr-3933	157	27	cyclical	cyclical	ADJ
fsr-3933	157	28	through	through	ADP
fsr-3933	157	29	time	time	NOUN
fsr-3933	157	30	.	.	PUNCT
fsr-3933	158	1	since	since	SCONJ
fsr-3933	158	2	a	a	DET
fsr-3933	158	3	risk	risk	NOUN
fsr-3933	158	4	proxy	proxy	NOUN
fsr-3933	158	5	benchmark	benchmark	NOUN
fsr-3933	158	6	for	for	ADP
fsr-3933	158	7	reliability	reliability	NOUN
fsr-3933	158	8	has	have	AUX
fsr-3933	158	9	not	not	PART
fsr-3933	158	10	been	be	AUX
fsr-3933	158	11	established	establish	VERB
fsr-3933	158	12	in	in	ADP
fsr-3933	158	13	the	the	DET
fsr-3933	158	14	literature	literature	NOUN
fsr-3933	158	15	,	,	PUNCT
fsr-3933	158	16	the	the	DET
fsr-3933	158	17	best	good	ADJ
fsr-3933	158	18	that	that	PRON
fsr-3933	158	19	can	can	AUX
fsr-3933	158	20	be	be	AUX
fsr-3933	158	21	done	do	VERB
fsr-3933	158	22	is	be	AUX
fsr-3933	158	23	to	to	PART
fsr-3933	158	24	present	present	VERB
fsr-3933	158	25	statistics	statistic	NOUN
fsr-3933	158	26	that	that	PRON
fsr-3933	158	27	are	be	AUX
fsr-3933	158	28	useful	useful	ADJ
fsr-3933	158	29	for	for	ADP
fsr-3933	158	30	comparison	comparison	NOUN
fsr-3933	158	31	.	.	PUNCT
fsr-3933	159	1	each	each	DET
fsr-3933	159	2	individual	individual	ADJ
fsr-3933	159	3	investor	investor	NOUN
fsr-3933	159	4	,	,	PUNCT
fsr-3933	159	5	depending	depend	VERB
fsr-3933	159	6	upon	upon	SCONJ
fsr-3933	159	7	his	his	PRON
fsr-3933	159	8	or	or	CCONJ
fsr-3933	159	9	her	her	PRON
fsr-3933	159	10	level	level	NOUN
fsr-3933	159	11	of	of	ADP
fsr-3933	159	12	risk	risk	NOUN
fsr-3933	159	13	aversion	aversion	NOUN
fsr-3933	159	14	,	,	PUNCT
fsr-3933	159	15	can	can	AUX
fsr-3933	159	16	determine	determine	VERB
fsr-3933	159	17	whether	whether	SCONJ
fsr-3933	159	18	the	the	DET
fsr-3933	159	19	strategy	strategy	NOUN
fsr-3933	159	20	warrants	warrant	NOUN
fsr-3933	159	21	usage	usage	NOUN
fsr-3933	159	22	.	.	PUNCT
fsr-3933	160	1	each	each	DET
fsr-3933	160	2	individual	individual	NOUN
fsr-3933	160	3	will	will	AUX
fsr-3933	160	4	determine	determine	VERB
fsr-3933	160	5	a	a	DET
fsr-3933	160	6	minimum	minimum	ADJ
fsr-3933	160	7	level	level	NOUN
fsr-3933	160	8	of	of	ADP
fsr-3933	160	9	reliability	reliability	NOUN
fsr-3933	160	10	and	and	CCONJ
fsr-3933	160	11	choose	choose	VERB
fsr-3933	160	12	strategies	strategy	NOUN
fsr-3933	160	13	accordingly	accordingly	ADV
fsr-3933	160	14	.	.	PUNCT
fsr-3933	161	1	5	5	X
fsr-3933	161	2	.	.	X
fsr-3933	161	3	subperiod	subperiod	NOUN
fsr-3933	161	4	results	result	NOUN
fsr-3933	161	5	time	time	NOUN
fsr-3933	161	6	consistency	consistency	NOUN
fsr-3933	161	7	an	an	DET
fsr-3933	161	8	analysis	analysis	NOUN
fsr-3933	161	9	of	of	ADP
fsr-3933	161	10	subperiod	subperiod	ADJ
fsr-3933	161	11	results	result	NOUN
fsr-3933	161	12	for	for	ADP
fsr-3933	161	13	each	each	DET
fsr-3933	161	14	model	model	NOUN
fsr-3933	161	15	is	be	AUX
fsr-3933	161	16	useful	useful	ADJ
fsr-3933	161	17	in	in	ADP
fsr-3933	161	18	answering	answer	VERB
fsr-3933	161	19	the	the	DET
fsr-3933	161	20	following	follow	VERB
fsr-3933	161	21	questions	question	NOUN
fsr-3933	161	22	.	.	PUNCT
fsr-3933	162	1	do	do	AUX
fsr-3933	162	2	the	the	DET
fsr-3933	162	3	large	large	ADJ
fsr-3933	162	4	average	average	ADJ
fsr-3933	162	5	returns	return	NOUN
fsr-3933	162	6	garnered	garner	VERB
fsr-3933	162	7	from	from	ADP
fsr-3933	162	8	contrarian	contrarian	ADJ
fsr-3933	162	9	or	or	CCONJ
fsr-3933	162	10	risk	risk	NOUN
fsr-3933	162	11	proxy	proxy	NOUN
fsr-3933	162	12	strategies	strategy	NOUN
fsr-3933	162	13	derive	derive	ADJ
fsr-3933	162	14	from	from	ADP
fsr-3933	162	15	consistent	consistent	ADJ
fsr-3933	162	16	common	common	ADJ
fsr-3933	162	17	stock	stock	NOUN
fsr-3933	162	18	return	return	NOUN
fsr-3933	162	19	behavior	behavior	NOUN
fsr-3933	162	20	?	?	PUNCT
fsr-3933	163	1	or	or	CCONJ
fsr-3933	163	2	,	,	PUNCT
fsr-3933	163	3	are	be	AUX
fsr-3933	163	4	the	the	DET
fsr-3933	163	5	results	result	NOUN
fsr-3933	163	6	due	due	ADP
fsr-3933	163	7	to	to	ADP
fsr-3933	163	8	a	a	DET
fsr-3933	163	9	few	few	ADJ
fsr-3933	163	10	exceptional	exceptional	ADJ
fsr-3933	163	11	months	month	NOUN
fsr-3933	163	12	or	or	CCONJ
fsr-3933	163	13	years	year	NOUN
fsr-3933	163	14	?	?	PUNCT
fsr-3933	164	1	table	table	NOUN
fsr-3933	164	2	3	3	NUM
fsr-3933	164	3	casts	cast	VERB
fsr-3933	164	4	light	light	NOUN
fsr-3933	164	5	on	on	ADP
fsr-3933	164	6	the	the	DET
fsr-3933	164	7	issue	issue	NOUN
fsr-3933	164	8	by	by	ADP
fsr-3933	164	9	dividing	divide	VERB
fsr-3933	164	10	the	the	DET
fsr-3933	164	11	data	datum	NOUN
fsr-3933	164	12	into	into	ADP
fsr-3933	164	13	ten	ten	NUM
fsr-3933	164	14	-	-	PUNCT
fsr-3933	164	15	year	year	NOUN
fsr-3933	164	16	subperiods	subperiod	NOUN
fsr-3933	164	17	.	.	PUNCT
fsr-3933	165	1	in	in	ADP
fsr-3933	165	2	table	table	NOUN
fsr-3933	165	3	3	3	NUM
fsr-3933	165	4	the	the	DET
fsr-3933	165	5	first	first	ADJ
fsr-3933	165	6	360	360	NUM
fsr-3933	165	7	months	month	NOUN
fsr-3933	165	8	of	of	ADP
fsr-3933	165	9	the	the	DET
fsr-3933	165	10	study	study	NOUN
fsr-3933	165	11	period	period	NOUN
fsr-3933	165	12	is	be	AUX
fsr-3933	165	13	divided	divide	VERB
fsr-3933	165	14	into	into	ADP
fsr-3933	165	15	three	three	NUM
fsr-3933	165	16	120	120	NUM
fsr-3933	165	17	-	-	PUNCT
fsr-3933	165	18	month	month	NOUN
fsr-3933	165	19	intervals	interval	NOUN
fsr-3933	165	20	.	.	PUNCT
fsr-3933	166	1	the	the	DET
fsr-3933	166	2	last	last	ADJ
fsr-3933	166	3	two	two	NUM
fsr-3933	166	4	columns	column	NOUN
fsr-3933	166	5	present	present	VERB
fsr-3933	166	6	the	the	DET
fsr-3933	166	7	most	most	ADV
fsr-3933	166	8	recent	recent	ADJ
fsr-3933	166	9	20–1/2	20–1/2	NOUN
fsr-3933	166	10	years	year	NOUN
fsr-3933	166	11	providing	provide	VERB
fsr-3933	166	12	a	a	DET
fsr-3933	166	13	different	different	ADJ
fsr-3933	166	14	time	time	NOUN
fsr-3933	166	15	period	period	NOUN
fsr-3933	166	16	view	view	NOUN
fsr-3933	166	17	.	.	PUNCT
fsr-3933	167	1	this	this	DET
fsr-3933	167	2	view	view	NOUN
fsr-3933	167	3	avoids	avoid	VERB
fsr-3933	167	4	the	the	DET
fsr-3933	167	5	possibility	possibility	NOUN
fsr-3933	167	6	that	that	SCONJ
fsr-3933	167	7	inclusion	inclusion	NOUN
fsr-3933	167	8	of	of	ADP
fsr-3933	167	9	nasdaq	nasdaq	PROPN
fsr-3933	167	10	firms	firm	NOUN
fsr-3933	167	11	from	from	ADP
fsr-3933	167	12	the	the	DET
fsr-3933	167	13	early	early	ADJ
fsr-3933	167	14	70	70	NUM
fsr-3933	167	15	’s	’s	PART
fsr-3933	167	16	is	be	AUX
fsr-3933	167	17	somehow	somehow	ADV
fsr-3933	167	18	altering	alter	VERB
fsr-3933	167	19	the	the	DET
fsr-3933	167	20	results	result	NOUN
fsr-3933	167	21	.	.	PUNCT
fsr-3933	168	1	some	some	DET
fsr-3933	168	2	overlap	overlap	NOUN
fsr-3933	168	3	in	in	ADP
fsr-3933	168	4	time	time	NOUN
fsr-3933	168	5	periods	period	NOUN
fsr-3933	168	6	occurs	occur	VERB
fsr-3933	168	7	due	due	ADJ
fsr-3933	168	8	to	to	ADP
fsr-3933	168	9	this	this	DET
fsr-3933	168	10	added	add	VERB
fsr-3933	168	11	view	view	NOUN
fsr-3933	168	12	.	.	PUNCT
fsr-3933	169	1	with	with	ADP
fsr-3933	169	2	a	a	DET
fsr-3933	169	3	ten	ten	NUM
fsr-3933	169	4	-	-	PUNCT
fsr-3933	169	5	year	year	NOUN
fsr-3933	169	6	horizon	horizon	NOUN
fsr-3933	169	7	each	each	PRON
fsr-3933	169	8	of	of	ADP
fsr-3933	169	9	the	the	DET
fsr-3933	169	10	models	model	NOUN
fsr-3933	169	11	presented	present	VERB
fsr-3933	169	12	exhibit	exhibit	VERB
fsr-3933	169	13	statistically	statistically	ADV
fsr-3933	169	14	significant	significant	ADJ
fsr-3933	169	15	results	result	NOUN
fsr-3933	169	16	as	as	SCONJ
fsr-3933	169	17	expected	expect	VERB
fsr-3933	169	18	for	for	ADP
fsr-3933	169	19	the	the	DET
fsr-3933	169	20	majority	majority	NOUN
fsr-3933	169	21	of	of	ADP
fsr-3933	169	22	the	the	DET
fsr-3933	169	23	study	study	NOUN
fsr-3933	169	24	period	period	NOUN
fsr-3933	169	25	except	except	SCONJ
fsr-3933	169	26	for	for	ADP
fsr-3933	169	27	the	the	DET
fsr-3933	169	28	size	size	NOUN
fsr-3933	169	29	variable	variable	NOUN
fsr-3933	169	30	.	.	PUNCT
fsr-3933	170	1	ln(me	ln(me	PROPN
fsr-3933	170	2	)	)	PUNCT
fsr-3933	170	3	is	be	AUX
fsr-3933	170	4	significant	significant	ADJ
fsr-3933	170	5	in	in	ADP
fsr-3933	170	6	only	only	ADV
fsr-3933	170	7	two	two	NUM
fsr-3933	170	8	time	time	NOUN
fsr-3933	170	9	periods	period	NOUN
fsr-3933	170	10	examined	examine	VERB
fsr-3933	170	11	,	,	PUNCT
fsr-3933	170	12	and	and	CCONJ
fsr-3933	170	13	these	these	DET
fsr-3933	170	14	two	two	NUM
fsr-3933	170	15	periods	period	NOUN
fsr-3933	170	16	have	have	VERB
fsr-3933	170	17	some	some	DET
fsr-3933	170	18	overlap	overlap	NOUN
fsr-3933	170	19	between	between	ADP
fsr-3933	170	20	1977	1977	NUM
fsr-3933	170	21	and	and	CCONJ
fsr-3933	170	22	1983	1983	NUM
fsr-3933	170	23	.	.	PUNCT
fsr-3933	171	1	the	the	DET
fsr-3933	171	2	sales	sale	NOUN
fsr-3933	171	3	growth	growth	NOUN
fsr-3933	171	4	variable	variable	NOUN
fsr-3933	171	5	is	be	AUX
fsr-3933	171	6	not	not	PART
fsr-3933	171	7	significant	significant	ADJ
fsr-3933	171	8	in	in	ADP
fsr-3933	171	9	the	the	DET
fsr-3933	171	10	earliest	early	ADJ
fsr-3933	171	11	time	time	NOUN
fsr-3933	171	12	period	period	NOUN
fsr-3933	171	13	between	between	ADP
fsr-3933	171	14	july	july	PROPN
fsr-3933	171	15	1963	1963	NUM
fsr-3933	171	16	and	and	CCONJ
fsr-3933	171	17	june	june	PROPN
fsr-3933	171	18	1973	1973	NUM
fsr-3933	171	19	.	.	PUNCT
fsr-3933	172	1	during	during	ADP
fsr-3933	172	2	one	one	NUM
fsr-3933	172	3	of	of	ADP
fsr-3933	172	4	the	the	DET
fsr-3933	172	5	ten	ten	NUM
fsr-3933	172	6	-	-	PUNCT
fsr-3933	172	7	year	year	NOUN
fsr-3933	172	8	periods	period	NOUN
fsr-3933	172	9	,	,	PUNCT
fsr-3933	172	10	the	the	DET
fsr-3933	172	11	be	be	NOUN
fsr-3933	172	12	/	/	SYM
fsr-3933	172	13	me	i	PRON
fsr-3933	172	14	variable	variable	ADJ
fsr-3933	172	15	exceeds	exceed	VERB
fsr-3933	172	16	the	the	DET
fsr-3933	172	17	50	50	NUM
fsr-3933	172	18	%	%	NOUN
fsr-3933	172	19	reliability	reliability	NOUN
fsr-3933	172	20	rule	rule	NOUN
fsr-3933	172	21	that	that	PRON
fsr-3933	172	22	is	be	AUX
fsr-3933	172	23	introduced	introduce	VERB
fsr-3933	172	24	in	in	ADP
fsr-3933	172	25	the	the	DET
fsr-3933	172	26	last	last	ADJ
fsr-3933	172	27	section	section	NOUN
fsr-3933	172	28	.	.	PUNCT
fsr-3933	173	1	between	between	ADP
fsr-3933	173	2	july	july	PROPN
fsr-3933	173	3	1977	1977	NUM
fsr-3933	173	4	and	and	CCONJ
fsr-3933	173	5	june	june	PROPN
fsr-3933	173	6	1987	1987	NUM
fsr-3933	173	7	be	be	AUX
fsr-3933	173	8	/	/	SYM
fsr-3933	173	9	me	i	PRON
fsr-3933	173	10	is	be	AUX
fsr-3933	173	11	significantly	significantly	ADV
fsr-3933	173	12	related	relate	VERB
fsr-3933	173	13	to	to	PART
fsr-3933	173	14	return	return	VERB
fsr-3933	173	15	in	in	ADP
fsr-3933	173	16	53	53	NUM
fsr-3933	173	17	%	%	NOUN
fsr-3933	173	18	of	of	ADP
fsr-3933	173	19	the	the	DET
fsr-3933	173	20	monthly	monthly	ADJ
fsr-3933	173	21	regressions	regression	NOUN
fsr-3933	173	22	.	.	PUNCT
fsr-3933	174	1	other	other	ADJ
fsr-3933	174	2	time	time	NOUN
fsr-3933	174	3	periods	period	NOUN
fsr-3933	174	4	and	and	CCONJ
fsr-3933	174	5	other	other	ADJ
fsr-3933	174	6	variables	variable	NOUN
fsr-3933	174	7	do	do	AUX
fsr-3933	174	8	not	not	PART
fsr-3933	174	9	accomplish	accomplish	VERB
fsr-3933	174	10	this	this	DET
fsr-3933	174	11	distinction	distinction	NOUN
fsr-3933	174	12	except	except	SCONJ
fsr-3933	174	13	for	for	ADP
fsr-3933	174	14	the	the	DET
fsr-3933	174	15	size	size	NOUN
fsr-3933	174	16	variable	variable	NOUN
fsr-3933	174	17	in	in	ADP
fsr-3933	174	18	the	the	DET
fsr-3933	174	19	period	period	NOUN
fsr-3933	174	20	of	of	ADP
fsr-3933	174	21	july	july	PROPN
fsr-3933	174	22	1973	1973	NUM
fsr-3933	174	23	to	to	ADP
fsr-3933	174	24	june	june	PROPN
fsr-3933	174	25	1983	1983	NUM
fsr-3933	174	26	.	.	PUNCT
fsr-3933	175	1	it	it	PRON
fsr-3933	175	2	appears	appear	VERB
fsr-3933	175	3	that	that	SCONJ
fsr-3933	175	4	the	the	DET
fsr-3933	175	5	value	value	NOUN
fsr-3933	175	6	effect	effect	NOUN
fsr-3933	175	7	is	be	AUX
fsr-3933	175	8	an	an	DET
fsr-3933	175	9	unreliable	unreliable	ADJ
fsr-3933	175	10	predictor	predictor	NOUN
fsr-3933	175	11	of	of	ADP
fsr-3933	175	12	return	return	NOUN
fsr-3933	175	13	even	even	ADV
fsr-3933	175	14	though	though	SCONJ
fsr-3933	175	15	it	it	PRON
fsr-3933	175	16	is	be	AUX
fsr-3933	175	17	significantly	significantly	ADV
fsr-3933	175	18	related	relate	VERB
fsr-3933	175	19	to	to	PART
fsr-3933	175	20	return	return	VERB
fsr-3933	175	21	on	on	ADP
fsr-3933	175	22	average	average	ADJ
fsr-3933	175	23	over	over	ADP
fsr-3933	175	24	10	10	NUM
fsr-3933	175	25	year	year	NOUN
fsr-3933	175	26	periods	period	NOUN
fsr-3933	175	27	.	.	PUNCT
fsr-3933	176	1	ln(be	ln(be	NOUN
fsr-3933	176	2	/	/	SYM
fsr-3933	176	3	me	me	PROPN
fsr-3933	176	4	)	)	PUNCT
fsr-3933	176	5	is	be	AUX
fsr-3933	176	6	a	a	DET
fsr-3933	176	7	significant	significant	ADJ
fsr-3933	176	8	variable	variable	NOUN
fsr-3933	176	9	in	in	ADP
fsr-3933	176	10	each	each	PRON
fsr-3933	176	11	of	of	ADP
fsr-3933	176	12	the	the	DET
fsr-3933	176	13	ten	ten	NUM
fsr-3933	176	14	-	-	PUNCT
fsr-3933	176	15	year	year	NOUN
fsr-3933	176	16	periods	period	NOUN
fsr-3933	176	17	,	,	PUNCT
fsr-3933	176	18	though	though	SCONJ
fsr-3933	176	19	over	over	ADP
fsr-3933	176	20	half	half	DET
fsr-3933	176	21	the	the	DET
fsr-3933	176	22	monthly	monthly	ADJ
fsr-3933	176	23	regression	regression	NOUN
fsr-3933	176	24	coefficients	coefficient	NOUN
fsr-3933	176	25	are	be	AUX
fsr-3933	176	26	not	not	PART
fsr-3933	176	27	positive	positive	ADJ
fsr-3933	176	28	for	for	ADP
fsr-3933	176	29	three	three	NUM
fsr-3933	176	30	of	of	ADP
fsr-3933	176	31	the	the	DET
fsr-3933	176	32	time	time	NOUN
fsr-3933	176	33	periods	period	NOUN
fsr-3933	176	34	examined	examine	VERB
fsr-3933	176	35	.	.	PUNCT
fsr-3933	177	1	367r.r	367r.r	X
fsr-3933	177	2	.	.	PUNCT
fsr-3933	177	3	trecartin	trecartin	PROPN
fsr-3933	177	4	/	/	SYM
fsr-3933	177	5	financial	financial	ADJ
fsr-3933	177	6	services	service	NOUN
fsr-3933	177	7	review	review	VERB
fsr-3933	177	8	9	9	NUM
fsr-3933	177	9	(	(	PUNCT
fsr-3933	177	10	2000	2000	NUM
fsr-3933	177	11	)	)	PUNCT
fsr-3933	178	1	361–373	361–373	NUM
fsr-3933	178	2	likewise	likewise	ADV
fsr-3933	178	3	the	the	DET
fsr-3933	178	4	cash	cash	NOUN
fsr-3933	178	5	flow	flow	NOUN
fsr-3933	178	6	decile	decile	NOUN
fsr-3933	178	7	variable	variable	NOUN
fsr-3933	178	8	is	be	AUX
fsr-3933	178	9	significant	significant	ADJ
fsr-3933	178	10	in	in	ADP
fsr-3933	178	11	most	most	ADJ
fsr-3933	178	12	of	of	ADP
fsr-3933	178	13	the	the	DET
fsr-3933	178	14	ten	ten	NUM
fsr-3933	178	15	-	-	PUNCT
fsr-3933	178	16	year	year	NOUN
fsr-3933	178	17	periods	period	NOUN
fsr-3933	178	18	,	,	PUNCT
fsr-3933	178	19	though	though	SCONJ
fsr-3933	178	20	the	the	DET
fsr-3933	178	21	percentage	percentage	NOUN
fsr-3933	178	22	of	of	ADP
fsr-3933	178	23	positive	positive	ADJ
fsr-3933	178	24	coefficients	coefficient	NOUN
fsr-3933	178	25	never	never	ADV
fsr-3933	178	26	exceeds	exceed	VERB
fsr-3933	178	27	48	48	NUM
fsr-3933	178	28	%	%	NOUN
fsr-3933	178	29	.	.	PUNCT
fsr-3933	179	1	the	the	DET
fsr-3933	179	2	results	result	NOUN
fsr-3933	179	3	found	find	VERB
fsr-3933	179	4	in	in	ADP
fsr-3933	179	5	subperiod	subperiod	ADJ
fsr-3933	179	6	analysis	analysis	NOUN
fsr-3933	179	7	reveals	reveal	VERB
fsr-3933	179	8	that	that	SCONJ
fsr-3933	179	9	patience	patience	NOUN
fsr-3933	179	10	is	be	AUX
fsr-3933	179	11	a	a	DET
fsr-3933	179	12	key	key	ADJ
fsr-3933	179	13	attribute	attribute	NOUN
fsr-3933	179	14	when	when	SCONJ
fsr-3933	179	15	any	any	PRON
fsr-3933	179	16	of	of	ADP
fsr-3933	179	17	these	these	DET
fsr-3933	179	18	strategies	strategy	NOUN
fsr-3933	179	19	are	be	AUX
fsr-3933	179	20	used	use	VERB
fsr-3933	179	21	as	as	ADP
fsr-3933	179	22	an	an	DET
fsr-3933	179	23	investment	investment	NOUN
fsr-3933	179	24	rule	rule	NOUN
fsr-3933	179	25	.	.	PUNCT
fsr-3933	180	1	over	over	ADP
fsr-3933	180	2	longer	long	ADJ
fsr-3933	180	3	-	-	PUNCT
fsr-3933	180	4	time	time	NOUN
fsr-3933	180	5	horizons	horizon	NOUN
fsr-3933	180	6	such	such	ADJ
fsr-3933	180	7	as	as	ADP
fsr-3933	180	8	the	the	DET
fsr-3933	180	9	tenyear	tenyear	ADJ
fsr-3933	180	10	periods	period	NOUN
fsr-3933	180	11	shown	show	VERB
fsr-3933	180	12	in	in	ADP
fsr-3933	180	13	table	table	NOUN
fsr-3933	180	14	3	3	NUM
fsr-3933	180	15	,	,	PUNCT
fsr-3933	180	16	average	average	ADJ
fsr-3933	180	17	premiums	premium	NOUN
fsr-3933	180	18	on	on	ADP
fsr-3933	180	19	ln(be	ln(be	PROPN
fsr-3933	180	20	/	/	SYM
fsr-3933	180	21	me	i	PRON
fsr-3933	180	22	)	)	PUNCT
fsr-3933	180	23	are	be	AUX
fsr-3933	180	24	statistically	statistically	ADV
fsr-3933	180	25	significant	significant	ADJ
fsr-3933	180	26	and	and	CCONJ
fsr-3933	180	27	positive	positive	ADJ
fsr-3933	180	28	.	.	PUNCT
fsr-3933	181	1	this	this	PRON
fsr-3933	181	2	is	be	AUX
fsr-3933	181	3	not	not	PART
fsr-3933	181	4	the	the	DET
fsr-3933	181	5	case	case	NOUN
fsr-3933	181	6	for	for	ADP
fsr-3933	181	7	certain	certain	ADJ
fsr-3933	181	8	shorter	short	ADJ
fsr-3933	181	9	horizons	horizon	NOUN
fsr-3933	181	10	as	as	ADP
fsr-3933	181	11	in	in	ADP
fsr-3933	181	12	the	the	DET
fsr-3933	181	13	five	five	NUM
fsr-3933	181	14	-	-	PUNCT
fsr-3933	181	15	year	year	NOUN
fsr-3933	181	16	subperiods	subperiod	NOUN
fsr-3933	181	17	shown	show	VERB
fsr-3933	181	18	in	in	ADP
fsr-3933	181	19	table	table	NOUN
fsr-3933	181	20	4	4	NUM
fsr-3933	181	21	.	.	PUNCT
fsr-3933	181	22	wide	wide	ADJ
fsr-3933	181	23	variation	variation	NOUN
fsr-3933	181	24	in	in	ADP
fsr-3933	181	25	the	the	DET
fsr-3933	181	26	strength	strength	NOUN
fsr-3933	181	27	of	of	ADP
fsr-3933	181	28	each	each	DET
fsr-3933	181	29	model	model	NOUN
fsr-3933	181	30	is	be	AUX
fsr-3933	181	31	evident	evident	ADJ
fsr-3933	181	32	.	.	PUNCT
fsr-3933	182	1	the	the	DET
fsr-3933	182	2	coefficient	coefficient	NOUN
fsr-3933	182	3	mean	mean	VERB
fsr-3933	182	4	in	in	ADP
fsr-3933	182	5	the	the	DET
fsr-3933	182	6	first	first	ADJ
fsr-3933	182	7	five	five	NUM
fsr-3933	182	8	years	year	NOUN
fsr-3933	182	9	is	be	AUX
fsr-3933	182	10	ten	ten	NUM
fsr-3933	182	11	times	time	NOUN
fsr-3933	182	12	larger	large	ADJ
fsr-3933	182	13	than	than	ADP
fsr-3933	182	14	the	the	DET
fsr-3933	182	15	following	follow	VERB
fsr-3933	182	16	five	five	NUM
fsr-3933	182	17	years	year	NOUN
fsr-3933	182	18	.	.	PUNCT
fsr-3933	183	1	the	the	DET
fsr-3933	183	2	coefficient	coefficient	NOUN
fsr-3933	183	3	mean	mean	VERB
fsr-3933	183	4	in	in	ADP
fsr-3933	183	5	the	the	DET
fsr-3933	183	6	third	third	ADJ
fsr-3933	183	7	five	five	NUM
fsr-3933	183	8	-	-	PUNCT
fsr-3933	183	9	year	year	NOUN
fsr-3933	183	10	period	period	NOUN
fsr-3933	183	11	is	be	AUX
fsr-3933	183	12	over	over	ADP
fsr-3933	183	13	13	13	NUM
fsr-3933	183	14	times	time	NOUN
fsr-3933	183	15	as	as	ADV
fsr-3933	183	16	large	large	ADJ
fsr-3933	183	17	as	as	ADP
fsr-3933	183	18	the	the	DET
fsr-3933	183	19	second	second	ADJ
fsr-3933	183	20	period	period	NOUN
fsr-3933	183	21	and	and	CCONJ
fsr-3933	184	1	over	over	ADP
fsr-3933	184	2	three	three	NUM
fsr-3933	184	3	times	time	NOUN
fsr-3933	184	4	as	as	ADV
fsr-3933	184	5	large	large	ADJ
fsr-3933	184	6	as	as	ADP
fsr-3933	184	7	the	the	DET
fsr-3933	184	8	fourth	fourth	ADJ
fsr-3933	184	9	.	.	PUNCT
fsr-3933	185	1	it	it	PRON
fsr-3933	185	2	is	be	AUX
fsr-3933	185	3	evident	evident	ADJ
fsr-3933	185	4	that	that	SCONJ
fsr-3933	185	5	an	an	DET
fsr-3933	185	6	investor	investor	NOUN
fsr-3933	185	7	following	follow	VERB
fsr-3933	185	8	a	a	DET
fsr-3933	185	9	value	value	NOUN
fsr-3933	185	10	strategy	strategy	NOUN
fsr-3933	185	11	,	,	PUNCT
fsr-3933	185	12	will	will	AUX
fsr-3933	185	13	have	have	VERB
fsr-3933	185	14	to	to	PART
fsr-3933	185	15	weather	weather	VERB
fsr-3933	185	16	many	many	ADJ
fsr-3933	185	17	months	month	NOUN
fsr-3933	185	18	of	of	ADP
fsr-3933	185	19	negative	negative	ADJ
fsr-3933	185	20	or	or	CCONJ
fsr-3933	185	21	insignificant	insignificant	ADJ
fsr-3933	185	22	return	return	NOUN
fsr-3933	185	23	performance	performance	NOUN
fsr-3933	185	24	to	to	PART
fsr-3933	185	25	capture	capture	VERB
fsr-3933	185	26	a	a	DET
fsr-3933	185	27	large	large	ADJ
fsr-3933	185	28	positive	positive	ADJ
fsr-3933	185	29	average	average	ADJ
fsr-3933	185	30	value	value	NOUN
fsr-3933	185	31	premium	premium	NOUN
fsr-3933	185	32	.	.	PUNCT
fsr-3933	186	1	table	table	NOUN
fsr-3933	186	2	3	3	NUM
fsr-3933	186	3	average	average	ADJ
fsr-3933	186	4	slopes	slope	NOUN
fsr-3933	186	5	from	from	ADP
fsr-3933	186	6	month	month	NOUN
fsr-3933	186	7	-	-	PUNCT
fsr-3933	186	8	by	by	ADP
fsr-3933	186	9	-	-	PUNCT
fsr-3933	186	10	month	month	NOUN
fsr-3933	186	11	regressions	regression	NOUN
fsr-3933	186	12	of	of	ADP
fsr-3933	186	13	stock	stock	NOUN
fsr-3933	186	14	return	return	NOUN
fsr-3933	186	15	on	on	ADP
fsr-3933	186	16	variables	variable	NOUN
fsr-3933	186	17	of	of	ADP
fsr-3933	186	18	interest	interest	NOUN
fsr-3933	186	19	:	:	PUNCT
fsr-3933	186	20	ten	ten	NUM
fsr-3933	186	21	year	year	NOUN
fsr-3933	186	22	sub	sub	ADJ
fsr-3933	186	23	-	-	ADJ
fsr-3933	186	24	period	period	NOUN
fsr-3933	186	25	results	result	NOUN
fsr-3933	186	26	july	july	PROPN
fsr-3933	186	27	1963	1963	NUM
fsr-3933	186	28	to	to	ADP
fsr-3933	186	29	june	june	PROPN
fsr-3933	186	30	1973	1973	NUM
fsr-3933	186	31	july	july	PROPN
fsr-3933	186	32	1973	1973	NUM
fsr-3933	186	33	to	to	ADP
fsr-3933	186	34	june	june	PROPN
fsr-3933	186	35	1983	1983	NUM
fsr-3933	186	36	july	july	PROPN
fsr-3933	186	37	1983	1983	NUM
fsr-3933	186	38	to	to	ADP
fsr-3933	186	39	june	june	PROPN
fsr-3933	186	40	1993	1993	NUM
fsr-3933	186	41	july	july	PROPN
fsr-3933	186	42	1977	1977	NUM
fsr-3933	186	43	to	to	ADP
fsr-3933	186	44	june	june	PROPN
fsr-3933	186	45	1987	1987	NUM
fsr-3933	186	46	july	july	PROPN
fsr-3933	186	47	1987	1987	NUM
fsr-3933	186	48	to	to	ADP
fsr-3933	186	49	dec	dec	PROPN
fsr-3933	186	50	1997	1997	NUM
fsr-3933	186	51	ln(be	ln(be	PROPN
fsr-3933	186	52	/	/	SYM
fsr-3933	186	53	me	me	PROPN
fsr-3933	186	54	)	)	PUNCT
fsr-3933	186	55	coef	coef	PROPN
fsr-3933	186	56	.	.	PUNCT
fsr-3933	187	1	mean	mean	VERB
fsr-3933	187	2	0.34	0.34	NUM
fsr-3933	187	3	%	%	NOUN
fsr-3933	187	4	0.52	0.52	NUM
fsr-3933	187	5	%	%	NOUN
fsr-3933	187	6	0.54	0.54	NUM
fsr-3933	187	7	%	%	NOUN
fsr-3933	187	8	0.49	0.49	NUM
fsr-3933	187	9	%	%	NOUN
fsr-3933	187	10	0.48	0.48	NUM
fsr-3933	187	11	%	%	NOUN
fsr-3933	187	12	t	t	NOUN
fsr-3933	187	13	statistic	statistic	NOUN
fsr-3933	187	14	2.29	2.29	NUM
fsr-3933	187	15	2.69	2.69	NUM
fsr-3933	187	16	5.44	5.44	NUM
fsr-3933	187	17	3.86	3.86	NUM
fsr-3933	187	18	5.28	5.28	NUM
fsr-3933	187	19	p	p	NOUN
fsr-3933	187	20	value	value	NOUN
fsr-3933	187	21	0.024	0.024	NUM
fsr-3933	187	22	*	*	NOUN
fsr-3933	187	23	0.008	0.008	NUM
fsr-3933	187	24	*	*	NOUN
fsr-3933	187	25	0.000	0.000	NUM
fsr-3933	188	1	*	*	PUNCT
fsr-3933	188	2	0.000	0.000	NUM
fsr-3933	189	1	*	*	PUNCT
fsr-3933	189	2	0.000	0.000	NUM
fsr-3933	189	3	*	*	PUNCT
fsr-3933	189	4	%	%	NOUN
fsr-3933	189	5	sign	sign	NOUN
fsr-3933	189	6	pos	pos	NOUN
fsr-3933	189	7	31	31	NUM
fsr-3933	189	8	%	%	NOUN
fsr-3933	189	9	46	46	NUM
fsr-3933	189	10	%	%	NOUN
fsr-3933	189	11	50	50	NUM
fsr-3933	189	12	%	%	NOUN
fsr-3933	189	13	53	53	NUM
fsr-3933	189	14	%	%	NOUN
fsr-3933	189	15	45	45	NUM
fsr-3933	189	16	%	%	NOUN
fsr-3933	189	17	%	%	NOUN
fsr-3933	189	18	sign	sign	NOUN
fsr-3933	189	19	neg	neg	VERB
fsr-3933	189	20	19	19	NUM
fsr-3933	189	21	%	%	NOUN
fsr-3933	189	22	25	25	NUM
fsr-3933	189	23	%	%	NOUN
fsr-3933	189	24	13	13	NUM
fsr-3933	189	25	%	%	NOUN
fsr-3933	189	26	22	22	NUM
fsr-3933	189	27	%	%	NOUN
fsr-3933	189	28	13	13	NUM
fsr-3933	189	29	%	%	NOUN
fsr-3933	189	30	cfdecile	cfdecile	PROPN
fsr-3933	189	31	coef	coef	PROPN
fsr-3933	189	32	.	.	PUNCT
fsr-3933	190	1	mean	mean	VERB
fsr-3933	190	2	0.10	0.10	NUM
fsr-3933	190	3	%	%	NOUN
fsr-3933	190	4	0.09	0.09	NUM
fsr-3933	190	5	%	%	NOUN
fsr-3933	190	6	0.12	0.12	NUM
fsr-3933	190	7	%	%	NOUN
fsr-3933	190	8	0.13	0.13	NUM
fsr-3933	190	9	%	%	NOUN
fsr-3933	190	10	0.07	0.07	NUM
fsr-3933	190	11	%	%	NOUN
fsr-3933	190	12	t	t	NOUN
fsr-3933	190	13	statistic	statistic	NOUN
fsr-3933	190	14	3.26	3.26	NUM
fsr-3933	190	15	2.48	2.48	NUM
fsr-3933	190	16	3.59	3.59	NUM
fsr-3933	190	17	4.34	4.34	NUM
fsr-3933	190	18	1.97	1.97	NUM
fsr-3933	190	19	p	p	NOUN
fsr-3933	190	20	value	value	NOUN
fsr-3933	190	21	0.001	0.001	NUM
fsr-3933	190	22	*	*	NOUN
fsr-3933	190	23	0.015	0.015	NUM
fsr-3933	190	24	*	*	PUNCT
fsr-3933	191	1	0.000	0.000	NUM
fsr-3933	192	1	*	*	PUNCT
fsr-3933	192	2	0.000	0.000	NUM
fsr-3933	192	3	*	*	SYM
fsr-3933	192	4	0.052	0.052	NUM
fsr-3933	192	5	%	%	NOUN
fsr-3933	192	6	sign	sign	NOUN
fsr-3933	192	7	pos	pos	NOUN
fsr-3933	192	8	31	31	NUM
fsr-3933	192	9	%	%	NOUN
fsr-3933	192	10	41	41	NUM
fsr-3933	192	11	%	%	NOUN
fsr-3933	192	12	48	48	NUM
fsr-3933	192	13	%	%	NOUN
fsr-3933	192	14	48	48	NUM
fsr-3933	192	15	%	%	NOUN
fsr-3933	192	16	43	43	NUM
fsr-3933	192	17	%	%	NOUN
fsr-3933	192	18	%	%	NOUN
fsr-3933	192	19	sign	sign	NOUN
fsr-3933	192	20	neg	neg	VERB
fsr-3933	192	21	15	15	NUM
fsr-3933	192	22	%	%	NOUN
fsr-3933	192	23	17	17	NUM
fsr-3933	192	24	%	%	NOUN
fsr-3933	192	25	18	18	NUM
fsr-3933	192	26	%	%	NOUN
fsr-3933	192	27	18	18	NUM
fsr-3933	192	28	%	%	NOUN
fsr-3933	192	29	26	26	NUM
fsr-3933	192	30	%	%	NOUN
fsr-3933	192	31	ln(wgs	ln(wgs	NOUN
fsr-3933	192	32	)	)	PUNCT
fsr-3933	192	33	coef	coef	PROPN
fsr-3933	192	34	.	.	PUNCT
fsr-3933	193	1	mean	mean	PROPN
fsr-3933	193	2	�	�	PROPN
fsr-3933	193	3	0.01	0.01	NUM
fsr-3933	193	4	%	%	NOUN
fsr-3933	193	5	�	�	NOUN
fsr-3933	193	6	0.36	0.36	NUM
fsr-3933	193	7	%	%	NOUN
fsr-3933	193	8	�	�	NOUN
fsr-3933	193	9	0.24	0.24	NUM
fsr-3933	193	10	%	%	NOUN
fsr-3933	193	11	�	�	NOUN
fsr-3933	193	12	0.28	0.28	NUM
fsr-3933	193	13	%	%	NOUN
fsr-3933	193	14	�	�	NOUN
fsr-3933	193	15	0.21	0.21	NUM
fsr-3933	193	16	%	%	NOUN
fsr-3933	193	17	t	t	PROPN
fsr-3933	193	18	statistic	statistic	PROPN
fsr-3933	193	19	�	�	PROPN
fsr-3933	193	20	0.10	0.10	NUM
fsr-3933	193	21	�	�	PROPN
fsr-3933	193	22	3.28	3.28	NUM
fsr-3933	193	23	�	�	PROPN
fsr-3933	193	24	2.36	2.36	NUM
fsr-3933	193	25	�	�	PROPN
fsr-3933	193	26	2.98	2.98	NUM
fsr-3933	193	27	�	�	NOUN
fsr-3933	193	28	2.19	2.19	NUM
fsr-3933	193	29	p	p	NOUN
fsr-3933	193	30	value	value	NOUN
fsr-3933	193	31	0.918	0.918	NUM
fsr-3933	193	32	0.001	0.001	NUM
fsr-3933	193	33	*	*	NUM
fsr-3933	193	34	0.020	0.020	NUM
fsr-3933	193	35	*	*	PUNCT
fsr-3933	193	36	0.003	0.003	NUM
fsr-3933	193	37	*	*	SYM
fsr-3933	193	38	0.030	0.030	NUM
fsr-3933	193	39	*	*	PUNCT
fsr-3933	193	40	%	%	NOUN
fsr-3933	193	41	sign	sign	NOUN
fsr-3933	193	42	pos	pos	NOUN
fsr-3933	193	43	12	12	NUM
fsr-3933	193	44	%	%	NOUN
fsr-3933	193	45	20	20	NUM
fsr-3933	193	46	%	%	NOUN
fsr-3933	193	47	18	18	NUM
fsr-3933	193	48	%	%	NOUN
fsr-3933	193	49	19	19	NUM
fsr-3933	193	50	%	%	NOUN
fsr-3933	193	51	17	17	NUM
fsr-3933	193	52	%	%	NOUN
fsr-3933	193	53	%	%	NOUN
fsr-3933	193	54	sign	sign	NOUN
fsr-3933	193	55	neg	neg	VERB
fsr-3933	193	56	18	18	NUM
fsr-3933	193	57	%	%	NOUN
fsr-3933	193	58	38	38	NUM
fsr-3933	193	59	%	%	NOUN
fsr-3933	193	60	35	35	NUM
fsr-3933	193	61	%	%	NOUN
fsr-3933	193	62	38	38	NUM
fsr-3933	193	63	%	%	NOUN
fsr-3933	193	64	32	32	NUM
fsr-3933	193	65	%	%	NOUN
fsr-3933	193	66	ln(me	ln(me	NOUN
fsr-3933	193	67	)	)	PUNCT
fsr-3933	193	68	coef	coef	PROPN
fsr-3933	193	69	.	.	PUNCT
fsr-3933	194	1	mean	mean	PROPN
fsr-3933	194	2	�	�	PROPN
fsr-3933	194	3	0.12	0.12	NUM
fsr-3933	194	4	%	%	NOUN
fsr-3933	194	5	�	�	NOUN
fsr-3933	194	6	0.32	0.32	NUM
fsr-3933	194	7	%	%	NOUN
fsr-3933	194	8	�	�	NOUN
fsr-3933	194	9	0.01	0.01	NUM
fsr-3933	194	10	%	%	NOUN
fsr-3933	194	11	�	�	NOUN
fsr-3933	194	12	0.14	0.14	NUM
fsr-3933	194	13	%	%	NOUN
fsr-3933	194	14	�	�	NOUN
fsr-3933	194	15	0.10	0.10	NUM
fsr-3933	194	16	%	%	NOUN
fsr-3933	194	17	t	t	PROPN
fsr-3933	194	18	statistic	statistic	PROPN
fsr-3933	194	19	�	�	PROPN
fsr-3933	194	20	1.43	1.43	NUM
fsr-3933	194	21	�	�	PROPN
fsr-3933	194	22	3.39	3.39	NUM
fsr-3933	194	23	�	�	PROPN
fsr-3933	194	24	0.10	0.10	NUM
fsr-3933	194	25	�	�	PROPN
fsr-3933	194	26	2.04	2.04	NUM
fsr-3933	194	27	�	�	PROPN
fsr-3933	194	28	1.31	1.31	NUM
fsr-3933	194	29	p	p	NOUN
fsr-3933	194	30	value	value	NOUN
fsr-3933	194	31	0.157	0.157	NUM
fsr-3933	194	32	0.001	0.001	NUM
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fsr-3933	194	34	0.923	0.923	NUM
fsr-3933	194	35	0.043	0.043	NUM
fsr-3933	194	36	*	*	NUM
fsr-3933	194	37	0.192	0.192	NUM
fsr-3933	194	38	%	%	NOUN
fsr-3933	194	39	sign	sign	NOUN
fsr-3933	194	40	pos	pos	NOUN
fsr-3933	194	41	27	27	NUM
fsr-3933	194	42	%	%	NOUN
fsr-3933	194	43	28	28	NUM
fsr-3933	194	44	%	%	NOUN
fsr-3933	194	45	37	37	NUM
fsr-3933	194	46	%	%	NOUN
fsr-3933	194	47	33	33	NUM
fsr-3933	194	48	%	%	NOUN
fsr-3933	194	49	35	35	NUM
fsr-3933	194	50	%	%	NOUN
fsr-3933	194	51	%	%	NOUN
fsr-3933	194	52	sign	sign	NOUN
fsr-3933	194	53	neg	neg	VERB
fsr-3933	194	54	29	29	NUM
fsr-3933	194	55	%	%	NOUN
fsr-3933	194	56	53	53	NUM
fsr-3933	194	57	%	%	NOUN
fsr-3933	194	58	38	38	NUM
fsr-3933	194	59	%	%	NOUN
fsr-3933	194	60	46	46	NUM
fsr-3933	194	61	%	%	NOUN
fsr-3933	194	62	45	45	NUM
fsr-3933	194	63	%	%	NOUN
fsr-3933	194	64	each	each	DET
fsr-3933	194	65	variable	variable	NOUN
fsr-3933	194	66	is	be	AUX
fsr-3933	194	67	formed	form	VERB
fsr-3933	194	68	as	as	SCONJ
fsr-3933	194	69	described	describe	VERB
fsr-3933	194	70	in	in	ADP
fsr-3933	194	71	table	table	NOUN
fsr-3933	194	72	1	1	NUM
fsr-3933	194	73	.	.	PUNCT
fsr-3933	195	1	the	the	DET
fsr-3933	195	2	coefficient	coefficient	NOUN
fsr-3933	195	3	mean	mean	VERB
fsr-3933	195	4	(	(	PUNCT
fsr-3933	195	5	or	or	CCONJ
fsr-3933	195	6	average	average	ADJ
fsr-3933	195	7	slope	slope	NOUN
fsr-3933	195	8	)	)	PUNCT
fsr-3933	195	9	is	be	AUX
fsr-3933	195	10	the	the	DET
fsr-3933	195	11	average	average	ADJ
fsr-3933	195	12	regression	regression	NOUN
fsr-3933	195	13	coefficient	coefficient	NOUN
fsr-3933	195	14	taken	take	VERB
fsr-3933	195	15	from	from	ADP
fsr-3933	195	16	the	the	DET
fsr-3933	195	17	120	120	NUM
fsr-3933	195	18	monthly	monthly	ADJ
fsr-3933	195	19	regressions	regression	NOUN
fsr-3933	195	20	for	for	ADP
fsr-3933	195	21	each	each	DET
fsr-3933	195	22	ten	ten	NUM
fsr-3933	195	23	-	-	PUNCT
fsr-3933	195	24	year	year	NOUN
fsr-3933	195	25	period	period	NOUN
fsr-3933	195	26	.	.	PUNCT
fsr-3933	196	1	the	the	DET
fsr-3933	196	2	t	t	PROPN
fsr-3933	196	3	-	-	PUNCT
fsr-3933	196	4	statistics	statistic	NOUN
fsr-3933	196	5	and	and	CCONJ
fsr-3933	196	6	p	p	NOUN
fsr-3933	196	7	values	value	NOUN
fsr-3933	196	8	are	be	AUX
fsr-3933	196	9	taken	take	VERB
fsr-3933	196	10	from	from	ADP
fsr-3933	196	11	single	single	ADJ
fsr-3933	196	12	sample	sample	NOUN
fsr-3933	196	13	t	t	NOUN
fsr-3933	196	14	-	-	PUNCT
fsr-3933	196	15	tests	test	NOUN
fsr-3933	196	16	in	in	ADP
fsr-3933	196	17	which	which	PRON
fsr-3933	196	18	the	the	DET
fsr-3933	196	19	time	time	NOUN
fsr-3933	196	20	series	series	NOUN
fsr-3933	196	21	of	of	ADP
fsr-3933	196	22	the	the	DET
fsr-3933	196	23	regression	regression	NOUN
fsr-3933	196	24	coefficient	coefficient	NOUN
fsr-3933	196	25	is	be	AUX
fsr-3933	196	26	tested	test	VERB
fsr-3933	196	27	for	for	ADP
fsr-3933	196	28	the	the	DET
fsr-3933	196	29	hypothesis	hypothesis	NOUN
fsr-3933	196	30	that	that	PRON
fsr-3933	196	31	the	the	DET
fsr-3933	196	32	mean	mean	NOUN
fsr-3933	196	33	is	be	AUX
fsr-3933	196	34	not	not	PART
fsr-3933	196	35	different	different	ADJ
fsr-3933	196	36	than	than	ADP
fsr-3933	196	37	zero	zero	NUM
fsr-3933	196	38	.	.	PUNCT
fsr-3933	197	1	in	in	ADP
fsr-3933	197	2	addition	addition	NOUN
fsr-3933	197	3	,	,	PUNCT
fsr-3933	197	4	the	the	DET
fsr-3933	197	5	percentage	percentage	NOUN
fsr-3933	197	6	of	of	ADP
fsr-3933	197	7	significant	significant	ADJ
fsr-3933	197	8	positive	positive	ADJ
fsr-3933	197	9	and	and	CCONJ
fsr-3933	197	10	negative	negative	ADJ
fsr-3933	197	11	(	(	PUNCT
fsr-3933	197	12	5	5	NUM
fsr-3933	197	13	%	%	NOUN
fsr-3933	197	14	level	level	NOUN
fsr-3933	197	15	)	)	PUNCT
fsr-3933	197	16	monthly	monthly	ADJ
fsr-3933	197	17	regression	regression	NOUN
fsr-3933	197	18	coefficients	coefficient	NOUN
fsr-3933	197	19	are	be	AUX
fsr-3933	197	20	recorded	record	VERB
fsr-3933	197	21	.	.	PUNCT
fsr-3933	198	1	368	368	NUM
fsr-3933	198	2	r.r	r.r	PROPN
fsr-3933	198	3	.	.	PROPN
fsr-3933	198	4	trecartin	trecartin	PROPN
fsr-3933	198	5	/	/	SYM
fsr-3933	198	6	financial	financial	ADJ
fsr-3933	198	7	services	service	NOUN
fsr-3933	198	8	review	review	VERB
fsr-3933	198	9	9	9	NUM
fsr-3933	198	10	(	(	PUNCT
fsr-3933	198	11	2000	2000	NUM
fsr-3933	198	12	)	)	PUNCT
fsr-3933	199	1	361–373	361–373	NUM
fsr-3933	199	2	in	in	ADP
fsr-3933	199	3	five	five	NUM
fsr-3933	199	4	-	-	PUNCT
fsr-3933	199	5	year	year	NOUN
fsr-3933	199	6	periods	period	NOUN
fsr-3933	199	7	the	the	DET
fsr-3933	199	8	findings	finding	NOUN
fsr-3933	199	9	are	be	AUX
fsr-3933	199	10	ambivalent	ambivalent	ADJ
fsr-3933	199	11	.	.	PUNCT
fsr-3933	200	1	results	result	NOUN
fsr-3933	200	2	indicate	indicate	VERB
fsr-3933	200	3	that	that	SCONJ
fsr-3933	200	4	even	even	ADV
fsr-3933	200	5	the	the	DET
fsr-3933	200	6	powerful	powerful	ADJ
fsr-3933	200	7	be	be	AUX
fsr-3933	200	8	/	/	SYM
fsr-3933	200	9	me	i	PRON
fsr-3933	200	10	variable	variable	NOUN
fsr-3933	200	11	is	be	AUX
fsr-3933	200	12	reliably	reliably	ADV
fsr-3933	200	13	related	relate	VERB
fsr-3933	200	14	to	to	PART
fsr-3933	200	15	return	return	VERB
fsr-3933	200	16	for	for	ADP
fsr-3933	200	17	more	more	ADJ
fsr-3933	200	18	than	than	ADP
fsr-3933	200	19	50	50	NUM
fsr-3933	200	20	%	%	NOUN
fsr-3933	200	21	of	of	ADP
fsr-3933	200	22	the	the	DET
fsr-3933	200	23	months	month	NOUN
fsr-3933	200	24	,	,	PUNCT
fsr-3933	200	25	during	during	ADP
fsr-3933	200	26	only	only	ADV
fsr-3933	200	27	one	one	NUM
fsr-3933	200	28	five	five	NUM
fsr-3933	200	29	-	-	PUNCT
fsr-3933	200	30	year	year	NOUN
fsr-3933	200	31	period	period	NOUN
fsr-3933	200	32	.	.	PUNCT
fsr-3933	201	1	other	other	ADJ
fsr-3933	201	2	value	value	NOUN
fsr-3933	201	3	/	/	SYM
fsr-3933	201	4	growth	growth	NOUN
fsr-3933	201	5	variables	variable	NOUN
fsr-3933	201	6	are	be	AUX
fsr-3933	201	7	also	also	ADV
fsr-3933	201	8	not	not	PART
fsr-3933	201	9	reliably	reliably	ADV
fsr-3933	201	10	related	relate	VERB
fsr-3933	201	11	to	to	PART
fsr-3933	201	12	return	return	VERB
fsr-3933	201	13	.	.	PUNCT
fsr-3933	202	1	firm	firm	ADJ
fsr-3933	202	2	market	market	NOUN
fsr-3933	202	3	value	value	NOUN
fsr-3933	202	4	for	for	ADP
fsr-3933	202	5	example	example	NOUN
fsr-3933	202	6	,	,	PUNCT
fsr-3933	202	7	is	be	AUX
fsr-3933	202	8	not	not	PART
fsr-3933	202	9	a	a	DET
fsr-3933	202	10	good	good	ADJ
fsr-3933	202	11	univariate	univariate	ADJ
fsr-3933	202	12	predictor	predictor	NOUN
fsr-3933	202	13	of	of	ADP
fsr-3933	202	14	return	return	NOUN
fsr-3933	202	15	for	for	ADP
fsr-3933	202	16	many	many	ADJ
fsr-3933	202	17	time	time	NOUN
fsr-3933	202	18	periods	period	NOUN
fsr-3933	202	19	.	.	PUNCT
fsr-3933	203	1	it	it	PRON
fsr-3933	203	2	may	may	AUX
fsr-3933	203	3	be	be	AUX
fsr-3933	203	4	that	that	DET
fsr-3933	203	5	size	size	NOUN
fsr-3933	203	6	is	be	AUX
fsr-3933	203	7	randomly	randomly	ADV
fsr-3933	203	8	unrelated	unrelated	ADJ
fsr-3933	203	9	to	to	ADP
fsr-3933	203	10	the	the	DET
fsr-3933	203	11	other	other	ADJ
fsr-3933	203	12	investment	investment	NOUN
fsr-3933	203	13	strategies	strategy	NOUN
fsr-3933	203	14	and	and	CCONJ
fsr-3933	203	15	thus	thus	ADV
fsr-3933	203	16	provides	provide	VERB
fsr-3933	203	17	a	a	DET
fsr-3933	203	18	degree	degree	NOUN
fsr-3933	203	19	of	of	ADP
fsr-3933	203	20	diversification	diversification	NOUN
fsr-3933	203	21	benefit	benefit	NOUN
fsr-3933	203	22	when	when	SCONJ
fsr-3933	203	23	included	include	VERB
fsr-3933	203	24	in	in	ADP
fsr-3933	203	25	multivariate	multivariate	NOUN
fsr-3933	203	26	models	model	NOUN
fsr-3933	203	27	.	.	PUNCT
fsr-3933	204	1	or	or	CCONJ
fsr-3933	204	2	it	it	PRON
fsr-3933	204	3	may	may	AUX
fsr-3933	204	4	be	be	AUX
fsr-3933	204	5	that	that	SCONJ
fsr-3933	204	6	the	the	DET
fsr-3933	204	7	results	result	NOUN
fsr-3933	204	8	are	be	AUX
fsr-3933	204	9	simply	simply	ADV
fsr-3933	204	10	time	time	NOUN
fsr-3933	204	11	period	period	NOUN
fsr-3933	204	12	specific	specific	ADJ
fsr-3933	204	13	.	.	PUNCT
fsr-3933	205	1	if	if	SCONJ
fsr-3933	205	2	this	this	PRON
fsr-3933	205	3	is	be	AUX
fsr-3933	205	4	the	the	DET
fsr-3933	205	5	case	case	NOUN
fsr-3933	205	6	,	,	PUNCT
fsr-3933	205	7	then	then	ADV
fsr-3933	205	8	there	there	PRON
fsr-3933	205	9	is	be	VERB
fsr-3933	205	10	no	no	DET
fsr-3933	205	11	assurance	assurance	NOUN
fsr-3933	205	12	that	that	DET
fsr-3933	205	13	size	size	NOUN
fsr-3933	205	14	will	will	AUX
fsr-3933	205	15	continue	continue	VERB
fsr-3933	205	16	to	to	PART
fsr-3933	205	17	perform	perform	VERB
fsr-3933	205	18	well	well	ADV
fsr-3933	205	19	in	in	ADP
fsr-3933	205	20	the	the	DET
fsr-3933	205	21	future	future	NOUN
fsr-3933	205	22	.	.	PUNCT
fsr-3933	206	1	the	the	DET
fsr-3933	206	2	ideal	ideal	ADJ
fsr-3933	206	3	risk	risk	NOUN
fsr-3933	206	4	proxy	proxy	NOUN
fsr-3933	206	5	would	would	AUX
fsr-3933	206	6	consistently	consistently	ADV
fsr-3933	206	7	be	be	AUX
fsr-3933	206	8	related	relate	VERB
fsr-3933	206	9	to	to	PART
fsr-3933	206	10	return	return	VERB
fsr-3933	206	11	in	in	ADP
fsr-3933	206	12	each	each	DET
fsr-3933	206	13	five	five	NUM
fsr-3933	206	14	-	-	PUNCT
fsr-3933	206	15	year	year	NOUN
fsr-3933	206	16	(	(	PUNCT
fsr-3933	206	17	or	or	CCONJ
fsr-3933	206	18	more	more	ADV
fsr-3933	206	19	frequent	frequent	ADJ
fsr-3933	206	20	)	)	PUNCT
fsr-3933	206	21	period	period	NOUN
fsr-3933	206	22	.	.	PUNCT
fsr-3933	207	1	cash	cash	NOUN
fsr-3933	207	2	flow	flow	NOUN
fsr-3933	207	3	deciles	decile	NOUN
fsr-3933	207	4	and	and	CCONJ
fsr-3933	207	5	be	be	AUX
fsr-3933	207	6	/	/	SYM
fsr-3933	207	7	me	i	PRON
fsr-3933	207	8	appear	appear	VERB
fsr-3933	207	9	to	to	PART
fsr-3933	207	10	follow	follow	VERB
fsr-3933	207	11	the	the	DET
fsr-3933	207	12	same	same	ADJ
fsr-3933	207	13	pattern	pattern	NOUN
fsr-3933	207	14	in	in	ADP
fsr-3933	207	15	returns	return	NOUN
fsr-3933	207	16	to	to	ADP
fsr-3933	207	17	some	some	DET
fsr-3933	207	18	extant	extant	ADJ
fsr-3933	207	19	.	.	PUNCT
fsr-3933	208	1	both	both	DET
fsr-3933	208	2	variables	variable	NOUN
fsr-3933	208	3	are	be	AUX
fsr-3933	208	4	significant	significant	ADJ
fsr-3933	208	5	during	during	ADP
fsr-3933	208	6	the	the	DET
fsr-3933	208	7	same	same	ADJ
fsr-3933	208	8	five	five	NUM
fsr-3933	208	9	-	-	PUNCT
fsr-3933	208	10	year	year	NOUN
fsr-3933	208	11	time	time	NOUN
fsr-3933	208	12	spans	span	NOUN
fsr-3933	208	13	,	,	PUNCT
fsr-3933	208	14	except	except	SCONJ
fsr-3933	208	15	table	table	NOUN
fsr-3933	208	16	4	4	NUM
fsr-3933	208	17	average	average	ADJ
fsr-3933	208	18	slopes	slope	NOUN
fsr-3933	208	19	from	from	ADP
fsr-3933	208	20	month	month	NOUN
fsr-3933	208	21	-	-	PUNCT
fsr-3933	208	22	by	by	ADP
fsr-3933	208	23	-	-	PUNCT
fsr-3933	208	24	month	month	NOUN
fsr-3933	208	25	regressions	regression	NOUN
fsr-3933	208	26	of	of	ADP
fsr-3933	208	27	stock	stock	NOUN
fsr-3933	208	28	returns	return	NOUN
fsr-3933	208	29	on	on	ADP
fsr-3933	208	30	variables	variable	NOUN
fsr-3933	208	31	of	of	ADP
fsr-3933	208	32	interest	interest	NOUN
fsr-3933	208	33	—	—	PUNCT
fsr-3933	208	34	five	five	NUM
fsr-3933	208	35	year	year	NOUN
fsr-3933	208	36	subperiods	subperiod	NOUN
fsr-3933	208	37	7/63	7/63	NUM
fsr-3933	208	38	to	to	ADP
fsr-3933	208	39	6/68	6/68	NUM
fsr-3933	208	40	7/68	7/68	NUM
fsr-3933	208	41	to	to	PART
fsr-3933	208	42	6/73	6/73	NUM
fsr-3933	208	43	7/73	7/73	NUM
fsr-3933	208	44	to	to	ADP
fsr-3933	208	45	6/78	6/78	NUM
fsr-3933	208	46	7/78	7/78	NUM
fsr-3933	208	47	to	to	ADP
fsr-3933	208	48	6/83	6/83	NUM
fsr-3933	208	49	7/83	7/83	NUM
fsr-3933	208	50	to	to	ADP
fsr-3933	208	51	6/88	6/88	NUM
fsr-3933	208	52	7/88	7/88	NUM
fsr-3933	208	53	to	to	ADP
fsr-3933	208	54	6/93	6/93	NUM
fsr-3933	208	55	7/93	7/93	NUM
fsr-3933	208	56	to	to	ADP
fsr-3933	208	57	12/97	12/97	NUM
fsr-3933	208	58	ln(be	ln(be	PROPN
fsr-3933	208	59	/	/	SYM
fsr-3933	208	60	me	me	PROPN
fsr-3933	208	61	)	)	PUNCT
fsr-3933	208	62	coef	coef	PROPN
fsr-3933	208	63	.	.	PUNCT
fsr-3933	209	1	mean	mean	VERB
fsr-3933	209	2	0.62	0.62	NUM
fsr-3933	209	3	%	%	NOUN
fsr-3933	209	4	0.06	0.06	NUM
fsr-3933	209	5	%	%	NOUN
fsr-3933	209	6	0.79	0.79	NUM
fsr-3933	209	7	%	%	NOUN
fsr-3933	209	8	0.26	0.26	NUM
fsr-3933	209	9	%	%	NOUN
fsr-3933	209	10	0.67	0.67	NUM
fsr-3933	209	11	%	%	NOUN
fsr-3933	209	12	0.40	0.40	NUM
fsr-3933	209	13	%	%	NOUN
fsr-3933	209	14	0.54	0.54	NUM
fsr-3933	209	15	%	%	NOUN
fsr-3933	209	16	t	t	NOUN
fsr-3933	209	17	statistic	statistic	NOUN
fsr-3933	209	18	2.71	2.71	NUM
fsr-3933	209	19	0.32	0.32	NUM
fsr-3933	209	20	2.42	2.42	NUM
fsr-3933	209	21	1.23	1.23	NUM
fsr-3933	209	22	4.71	4.71	NUM
fsr-3933	209	23	2.97	2.97	NUM
fsr-3933	209	24	4.02	4.02	NUM
fsr-3933	209	25	p	p	NOUN
fsr-3933	209	26	value	value	NOUN
fsr-3933	209	27	0.009	0.009	NUM
fsr-3933	209	28	*	*	NUM
fsr-3933	209	29	0.749	0.749	NUM
fsr-3933	209	30	0.019	0.019	NUM
fsr-3933	209	31	*	*	PUNCT
fsr-3933	209	32	0.225	0.225	NUM
fsr-3933	209	33	0.000	0.000	NUM
fsr-3933	209	34	*	*	PUNCT
fsr-3933	210	1	0.004	0.004	NUM
fsr-3933	210	2	*	*	PUNCT
fsr-3933	210	3	0.000	0.000	NUM
fsr-3933	210	4	*	*	PUNCT
fsr-3933	210	5	%	%	NOUN
fsr-3933	210	6	sign	sign	NOUN
fsr-3933	210	7	pos	pos	NOUN
fsr-3933	210	8	33	33	NUM
fsr-3933	210	9	%	%	NOUN
fsr-3933	210	10	28	28	NUM
fsr-3933	210	11	%	%	NOUN
fsr-3933	210	12	47	47	NUM
fsr-3933	210	13	%	%	NOUN
fsr-3933	210	14	45	45	NUM
fsr-3933	210	15	%	%	NOUN
fsr-3933	210	16	60	60	NUM
fsr-3933	210	17	%	%	NOUN
fsr-3933	210	18	40	40	NUM
fsr-3933	210	19	%	%	NOUN
fsr-3933	210	20	48	48	NUM
fsr-3933	210	21	%	%	NOUN
fsr-3933	210	22	%	%	NOUN
fsr-3933	210	23	sign	sign	NOUN
fsr-3933	210	24	neg	neg	VERB
fsr-3933	210	25	12	12	NUM
fsr-3933	210	26	%	%	NOUN
fsr-3933	210	27	27	27	NUM
fsr-3933	210	28	%	%	NOUN
fsr-3933	210	29	18	18	NUM
fsr-3933	210	30	%	%	NOUN
fsr-3933	210	31	32	32	NUM
fsr-3933	210	32	%	%	NOUN
fsr-3933	210	33	12	12	NUM
fsr-3933	210	34	%	%	NOUN
fsr-3933	210	35	15	15	NUM
fsr-3933	210	36	%	%	NOUN
fsr-3933	210	37	13	13	NUM
fsr-3933	210	38	%	%	NOUN
fsr-3933	210	39	cfdecile	cfdecile	PROPN
fsr-3933	210	40	coef	coef	PROPN
fsr-3933	210	41	.	.	PUNCT
fsr-3933	211	1	mean	mean	VERB
fsr-3933	211	2	0.15	0.15	NUM
fsr-3933	211	3	%	%	NOUN
fsr-3933	211	4	0.06	0.06	NUM
fsr-3933	211	5	%	%	NOUN
fsr-3933	211	6	0.13	0.13	NUM
fsr-3933	211	7	%	%	NOUN
fsr-3933	211	8	0.06	0.06	NUM
fsr-3933	211	9	%	%	NOUN
fsr-3933	211	10	0.23	0.23	NUM
fsr-3933	211	11	%	%	NOUN
fsr-3933	211	12	0.02	0.02	NUM
fsr-3933	211	13	%	%	NOUN
fsr-3933	211	14	0.10	0.10	NUM
fsr-3933	211	15	%	%	NOUN
fsr-3933	211	16	t	t	NOUN
fsr-3933	211	17	statistic	statistic	NOUN
fsr-3933	211	18	3.39	3.39	NUM
fsr-3933	211	19	1.28	1.28	NUM
fsr-3933	211	20	2.14	2.14	NUM
fsr-3933	211	21	1.28	1.28	NUM
fsr-3933	211	22	5.42	5.42	NUM
fsr-3933	211	23	0.37	0.37	NUM
fsr-3933	211	24	1.68	1.68	NUM
fsr-3933	211	25	p	p	NOUN
fsr-3933	211	26	value	value	NOUN
fsr-3933	211	27	0.001	0.001	NUM
fsr-3933	211	28	*	*	NOUN
fsr-3933	211	29	0.206	0.206	NUM
fsr-3933	211	30	0.036	0.036	NUM
fsr-3933	211	31	*	*	NUM
fsr-3933	211	32	0.207	0.207	NUM
fsr-3933	211	33	0.000	0.000	NUM
fsr-3933	211	34	*	*	PUNCT
fsr-3933	211	35	0.713	0.713	NUM
fsr-3933	211	36	0.099	0.099	NUM
fsr-3933	211	37	%	%	NOUN
fsr-3933	211	38	sign	sign	NOUN
fsr-3933	211	39	pos	pos	NOUN
fsr-3933	211	40	35	35	NUM
fsr-3933	211	41	%	%	NOUN
fsr-3933	211	42	27	27	NUM
fsr-3933	211	43	%	%	NOUN
fsr-3933	211	44	42	42	NUM
fsr-3933	211	45	%	%	NOUN
fsr-3933	211	46	40	40	NUM
fsr-3933	211	47	%	%	NOUN
fsr-3933	212	1	58	58	NUM
fsr-3933	212	2	%	%	NOUN
fsr-3933	212	3	38	38	NUM
fsr-3933	212	4	%	%	NOUN
fsr-3933	212	5	44	44	NUM
fsr-3933	212	6	%	%	NOUN
fsr-3933	212	7	%	%	NOUN
fsr-3933	212	8	sign	sign	NOUN
fsr-3933	212	9	neg	neg	VERB
fsr-3933	212	10	7	7	NUM
fsr-3933	212	11	%	%	NOUN
fsr-3933	212	12	23	23	NUM
fsr-3933	212	13	%	%	NOUN
fsr-3933	212	14	10	10	NUM
fsr-3933	212	15	%	%	NOUN
fsr-3933	212	16	23	23	NUM
fsr-3933	212	17	%	%	NOUN
fsr-3933	212	18	12	12	NUM
fsr-3933	212	19	%	%	NOUN
fsr-3933	212	20	25	25	NUM
fsr-3933	212	21	%	%	NOUN
fsr-3933	212	22	31	31	NUM
fsr-3933	212	23	%	%	NOUN
fsr-3933	212	24	ln(wgs	ln(wgs	NOUN
fsr-3933	212	25	)	)	PUNCT
fsr-3933	212	26	coef	coef	PROPN
fsr-3933	212	27	.	.	PUNCT
fsr-3933	213	1	mean	mean	VERB
fsr-3933	213	2	0.11	0.11	NUM
fsr-3933	213	3	%	%	NOUN
fsr-3933	213	4	�	�	NOUN
fsr-3933	213	5	0.13	0.13	NUM
fsr-3933	213	6	%	%	NOUN
fsr-3933	213	7	�	�	NOUN
fsr-3933	213	8	0.53	0.53	NUM
fsr-3933	213	9	%	%	NOUN
fsr-3933	213	10	�	�	NOUN
fsr-3933	213	11	0.19	0.19	NUM
fsr-3933	213	12	%	%	NOUN
fsr-3933	213	13	�	�	NOUN
fsr-3933	213	14	0.33	0.33	NUM
fsr-3933	213	15	%	%	NOUN
fsr-3933	213	16	�	�	NOUN
fsr-3933	213	17	0.14	0.14	NUM
fsr-3933	213	18	%	%	NOUN
fsr-3933	213	19	�	�	NOUN
fsr-3933	213	20	0.27	0.27	NUM
fsr-3933	213	21	%	%	NOUN
fsr-3933	213	22	t	t	PROPN
fsr-3933	213	23	statistic	statistic	NOUN
fsr-3933	214	1	0.68	0.68	NUM
fsr-3933	214	2	�	�	PROPN
fsr-3933	214	3	0.91	0.91	NUM
fsr-3933	214	4	�	�	PROPN
fsr-3933	214	5	3.49	3.49	NUM
fsr-3933	214	6	�	�	PROPN
fsr-3933	214	7	1.21	1.21	NUM
fsr-3933	214	8	�	�	PROPN
fsr-3933	214	9	2.59	2.59	NUM
fsr-3933	214	10	�	�	PROPN
fsr-3933	214	11	0.92	0.92	NUM
fsr-3933	214	12	�	�	PROPN
fsr-3933	214	13	2.46	2.46	NUM
fsr-3933	214	14	p	p	NOUN
fsr-3933	214	15	value	value	NOUN
fsr-3933	214	16	0.499	0.499	NUM
fsr-3933	214	17	0.367	0.367	NUM
fsr-3933	214	18	0.001	0.001	NUM
fsr-3933	214	19	*	*	NOUN
fsr-3933	214	20	0.232	0.232	NUM
fsr-3933	214	21	0.012	0.012	NUM
fsr-3933	214	22	*	*	NUM
fsr-3933	214	23	0.364	0.364	NUM
fsr-3933	214	24	0.017	0.017	NUM
fsr-3933	214	25	*	*	PUNCT
fsr-3933	214	26	%	%	NOUN
fsr-3933	214	27	sign	sign	NOUN
fsr-3933	214	28	pos	pos	NOUN
fsr-3933	214	29	8	8	NUM
fsr-3933	214	30	%	%	NOUN
fsr-3933	214	31	12	12	NUM
fsr-3933	214	32	%	%	NOUN
fsr-3933	214	33	13	13	NUM
fsr-3933	214	34	%	%	NOUN
fsr-3933	214	35	27	27	NUM
fsr-3933	214	36	%	%	NOUN
fsr-3933	214	37	15	15	NUM
fsr-3933	214	38	%	%	NOUN
fsr-3933	214	39	22	22	NUM
fsr-3933	214	40	%	%	NOUN
fsr-3933	214	41	11	11	NUM
fsr-3933	214	42	%	%	NOUN
fsr-3933	214	43	%	%	NOUN
fsr-3933	214	44	sign	sign	NOUN
fsr-3933	214	45	neg	neg	VERB
fsr-3933	214	46	12	12	NUM
fsr-3933	214	47	%	%	NOUN
fsr-3933	214	48	23	23	NUM
fsr-3933	214	49	%	%	NOUN
fsr-3933	214	50	40	40	NUM
fsr-3933	214	51	%	%	NOUN
fsr-3933	214	52	37	37	NUM
fsr-3933	214	53	%	%	NOUN
fsr-3933	214	54	40	40	NUM
fsr-3933	214	55	%	%	NOUN
fsr-3933	214	56	30	30	NUM
fsr-3933	214	57	%	%	NOUN
fsr-3933	214	58	31	31	NUM
fsr-3933	214	59	%	%	NOUN
fsr-3933	214	60	ln(me	ln(me	NOUN
fsr-3933	214	61	)	)	PUNCT
fsr-3933	214	62	coef	coef	PROPN
fsr-3933	214	63	.	.	PUNCT
fsr-3933	215	1	mean	mean	PROPN
fsr-3933	215	2	�	�	PROPN
fsr-3933	215	3	0.39	0.39	NUM
fsr-3933	215	4	%	%	NOUN
fsr-3933	215	5	0.14	0.14	NUM
fsr-3933	215	6	%	%	NOUN
fsr-3933	215	7	�	�	NOUN
fsr-3933	215	8	0.38	0.38	NUM
fsr-3933	215	9	%	%	NOUN
fsr-3933	215	10	�	�	NOUN
fsr-3933	215	11	0.26	0.26	NUM
fsr-3933	215	12	%	%	NOUN
fsr-3933	215	13	0.13	0.13	NUM
fsr-3933	215	14	%	%	NOUN
fsr-3933	215	15	�	�	NOUN
fsr-3933	215	16	0.15	0.15	NUM
fsr-3933	215	17	%	%	NOUN
fsr-3933	215	18	�	�	NOUN
fsr-3933	215	19	0.07	0.07	NUM
fsr-3933	215	20	%	%	NOUN
fsr-3933	215	21	t	t	PROPN
fsr-3933	215	22	statistic	statistic	PROPN
fsr-3933	215	23	�	�	PROPN
fsr-3933	215	24	3.29	3.29	NUM
fsr-3933	215	25	1.25	1.25	NUM
fsr-3933	215	26	�	�	PROPN
fsr-3933	215	27	2.38	2.38	NUM
fsr-3933	215	28	�	�	PROPN
fsr-3933	215	29	2.57	2.57	NUM
fsr-3933	215	30	1.60	1.60	NUM
fsr-3933	215	31	�	�	PROPN
fsr-3933	215	32	1.27	1.27	NUM
fsr-3933	215	33	�	�	NOUN
fsr-3933	215	34	0.71	0.71	NUM
fsr-3933	215	35	p	p	NOUN
fsr-3933	215	36	value	value	NOUN
fsr-3933	215	37	0.002	0.002	NUM
fsr-3933	215	38	*	*	NUM
fsr-3933	215	39	0.216	0.216	NUM
fsr-3933	215	40	0.021	0.021	NUM
fsr-3933	215	41	*	*	PUNCT
fsr-3933	215	42	0.013	0.013	NUM
fsr-3933	215	43	*	*	NOUN
fsr-3933	215	44	0.115	0.115	NUM
fsr-3933	215	45	0.210	0.210	NUM
fsr-3933	215	46	0.480	0.480	NUM
fsr-3933	215	47	%	%	NOUN
fsr-3933	215	48	sign	sign	NOUN
fsr-3933	215	49	pos	pos	NOUN
fsr-3933	215	50	12	12	NUM
fsr-3933	215	51	%	%	NOUN
fsr-3933	215	52	42	42	NUM
fsr-3933	215	53	%	%	NOUN
fsr-3933	215	54	25	25	NUM
fsr-3933	215	55	%	%	NOUN
fsr-3933	215	56	30	30	NUM
fsr-3933	215	57	%	%	NOUN
fsr-3933	215	58	45	45	NUM
fsr-3933	215	59	%	%	NOUN
fsr-3933	215	60	28	28	NUM
fsr-3933	215	61	%	%	NOUN
fsr-3933	215	62	41	41	NUM
fsr-3933	215	63	%	%	NOUN
fsr-3933	215	64	%	%	NOUN
fsr-3933	215	65	sign	sign	NOUN
fsr-3933	215	66	neg	neg	VERB
fsr-3933	215	67	40	40	NUM
fsr-3933	215	68	%	%	NOUN
fsr-3933	215	69	18	18	NUM
fsr-3933	215	70	%	%	NOUN
fsr-3933	215	71	53	53	NUM
fsr-3933	215	72	%	%	NOUN
fsr-3933	215	73	52	52	NUM
fsr-3933	215	74	%	%	NOUN
fsr-3933	215	75	28	28	NUM
fsr-3933	215	76	%	%	NOUN
fsr-3933	215	77	48	48	NUM
fsr-3933	215	78	%	%	NOUN
fsr-3933	215	79	43	43	NUM
fsr-3933	215	80	%	%	NOUN
fsr-3933	215	81	each	each	DET
fsr-3933	215	82	variable	variable	NOUN
fsr-3933	215	83	is	be	AUX
fsr-3933	215	84	formed	form	VERB
fsr-3933	215	85	as	as	SCONJ
fsr-3933	215	86	described	describe	VERB
fsr-3933	215	87	in	in	ADP
fsr-3933	215	88	table	table	NOUN
fsr-3933	215	89	1	1	NUM
fsr-3933	215	90	.	.	PUNCT
fsr-3933	216	1	the	the	DET
fsr-3933	216	2	coefficient	coefficient	NOUN
fsr-3933	216	3	mean	mean	VERB
fsr-3933	216	4	(	(	PUNCT
fsr-3933	216	5	or	or	CCONJ
fsr-3933	216	6	average	average	ADJ
fsr-3933	216	7	slope	slope	NOUN
fsr-3933	216	8	)	)	PUNCT
fsr-3933	216	9	is	be	AUX
fsr-3933	216	10	the	the	DET
fsr-3933	216	11	average	average	ADJ
fsr-3933	216	12	regression	regression	NOUN
fsr-3933	216	13	coefficient	coefficient	NOUN
fsr-3933	216	14	taken	take	VERB
fsr-3933	216	15	from	from	ADP
fsr-3933	216	16	the	the	DET
fsr-3933	216	17	60	60	NUM
fsr-3933	216	18	monthly	monthly	ADJ
fsr-3933	216	19	regressions	regression	NOUN
fsr-3933	216	20	for	for	ADP
fsr-3933	216	21	each	each	DET
fsr-3933	216	22	five	five	NUM
fsr-3933	216	23	-	-	PUNCT
fsr-3933	216	24	year	year	NOUN
fsr-3933	216	25	period	period	NOUN
fsr-3933	216	26	.	.	PUNCT
fsr-3933	217	1	the	the	DET
fsr-3933	217	2	t	t	PROPN
fsr-3933	217	3	-	-	PUNCT
fsr-3933	217	4	statistics	statistic	NOUN
fsr-3933	217	5	and	and	CCONJ
fsr-3933	217	6	p	p	NOUN
fsr-3933	217	7	values	value	NOUN
fsr-3933	217	8	are	be	AUX
fsr-3933	217	9	taken	take	VERB
fsr-3933	217	10	from	from	ADP
fsr-3933	217	11	single	single	ADJ
fsr-3933	217	12	sample	sample	NOUN
fsr-3933	217	13	t	t	NOUN
fsr-3933	217	14	-	-	PUNCT
fsr-3933	217	15	tests	test	NOUN
fsr-3933	217	16	in	in	ADP
fsr-3933	217	17	which	which	PRON
fsr-3933	217	18	the	the	DET
fsr-3933	217	19	time	time	NOUN
fsr-3933	217	20	series	series	NOUN
fsr-3933	217	21	of	of	ADP
fsr-3933	217	22	the	the	DET
fsr-3933	217	23	regression	regression	NOUN
fsr-3933	217	24	coefficient	coefficient	NOUN
fsr-3933	217	25	is	be	AUX
fsr-3933	217	26	tested	test	VERB
fsr-3933	217	27	for	for	ADP
fsr-3933	217	28	the	the	DET
fsr-3933	217	29	hypothesis	hypothesis	NOUN
fsr-3933	217	30	that	that	PRON
fsr-3933	217	31	the	the	DET
fsr-3933	217	32	mean	mean	NOUN
fsr-3933	217	33	is	be	AUX
fsr-3933	217	34	not	not	PART
fsr-3933	217	35	different	different	ADJ
fsr-3933	217	36	than	than	ADP
fsr-3933	217	37	zero	zero	NUM
fsr-3933	217	38	.	.	PUNCT
fsr-3933	218	1	in	in	ADP
fsr-3933	218	2	addition	addition	NOUN
fsr-3933	218	3	,	,	PUNCT
fsr-3933	218	4	the	the	DET
fsr-3933	218	5	percentage	percentage	NOUN
fsr-3933	218	6	of	of	ADP
fsr-3933	218	7	significant	significant	ADJ
fsr-3933	218	8	positive	positive	ADJ
fsr-3933	218	9	and	and	CCONJ
fsr-3933	218	10	negative	negative	ADJ
fsr-3933	218	11	(	(	PUNCT
fsr-3933	218	12	5	5	NUM
fsr-3933	218	13	%	%	NOUN
fsr-3933	218	14	level	level	NOUN
fsr-3933	218	15	)	)	PUNCT
fsr-3933	218	16	monthly	monthly	ADJ
fsr-3933	218	17	regression	regression	NOUN
fsr-3933	218	18	coefficients	coefficient	NOUN
fsr-3933	218	19	are	be	AUX
fsr-3933	218	20	recorded	record	VERB
fsr-3933	218	21	.	.	PUNCT
fsr-3933	219	1	369r.r	369r.r	X
fsr-3933	219	2	.	.	PUNCT
fsr-3933	219	3	trecartin	trecartin	PROPN
fsr-3933	219	4	/	/	SYM
fsr-3933	219	5	financial	financial	ADJ
fsr-3933	219	6	services	service	NOUN
fsr-3933	219	7	review	review	VERB
fsr-3933	219	8	9	9	NUM
fsr-3933	219	9	(	(	PUNCT
fsr-3933	219	10	2000	2000	NUM
fsr-3933	219	11	)	)	PUNCT
fsr-3933	219	12	361–373	361–373	NUM
fsr-3933	219	13	for	for	ADP
fsr-3933	219	14	the	the	DET
fsr-3933	219	15	last	last	ADJ
fsr-3933	219	16	two	two	NUM
fsr-3933	219	17	time	time	NOUN
fsr-3933	219	18	periods	period	NOUN
fsr-3933	219	19	from	from	ADP
fsr-3933	219	20	july	july	PROPN
fsr-3933	219	21	1988	1988	NUM
fsr-3933	219	22	to	to	ADP
fsr-3933	219	23	december	december	PROPN
fsr-3933	219	24	1997	1997	NUM
fsr-3933	219	25	.	.	PUNCT
fsr-3933	220	1	during	during	ADP
fsr-3933	220	2	these	these	DET
fsr-3933	220	3	periods	period	NOUN
fsr-3933	220	4	cash	cash	NOUN
fsr-3933	220	5	flow	flow	NOUN
fsr-3933	220	6	deciles	decile	NOUN
fsr-3933	220	7	are	be	AUX
fsr-3933	220	8	not	not	PART
fsr-3933	220	9	significantly	significantly	ADV
fsr-3933	220	10	related	relate	VERB
fsr-3933	220	11	to	to	PART
fsr-3933	220	12	return	return	VERB
fsr-3933	220	13	,	,	PUNCT
fsr-3933	220	14	while	while	SCONJ
fsr-3933	220	15	the	the	DET
fsr-3933	220	16	be	be	NOUN
fsr-3933	220	17	/	/	SYM
fsr-3933	220	18	me	i	PRON
fsr-3933	220	19	variable	variable	NOUN
fsr-3933	220	20	continues	continue	VERB
fsr-3933	220	21	to	to	PART
fsr-3933	220	22	differentiate	differentiate	VERB
fsr-3933	220	23	between	between	ADP
fsr-3933	220	24	high	high	ADJ
fsr-3933	220	25	and	and	CCONJ
fsr-3933	220	26	low	low	ADJ
fsr-3933	220	27	return	return	NOUN
fsr-3933	220	28	investments	investment	NOUN
fsr-3933	220	29	.	.	PUNCT
fsr-3933	221	1	the	the	DET
fsr-3933	221	2	sales	sale	NOUN
fsr-3933	221	3	growth	growth	NOUN
fsr-3933	221	4	variable	variable	NOUN
fsr-3933	221	5	is	be	AUX
fsr-3933	221	6	quite	quite	ADV
fsr-3933	221	7	unreliable	unreliable	ADJ
fsr-3933	221	8	in	in	ADP
fsr-3933	221	9	short	short	ADJ
fsr-3933	221	10	time	time	NOUN
fsr-3933	221	11	spans	span	NOUN
fsr-3933	221	12	but	but	CCONJ
fsr-3933	221	13	,	,	PUNCT
fsr-3933	221	14	like	like	INTJ
fsr-3933	221	15	size	size	NOUN
fsr-3933	221	16	,	,	PUNCT
fsr-3933	221	17	this	this	DET
fsr-3933	221	18	variable	variable	NOUN
fsr-3933	221	19	may	may	AUX
fsr-3933	221	20	add	add	VERB
fsr-3933	221	21	diversification	diversification	NOUN
fsr-3933	221	22	benefits	benefit	NOUN
fsr-3933	221	23	in	in	ADP
fsr-3933	221	24	multivariate	multivariate	NOUN
fsr-3933	221	25	strategies	strategy	NOUN
fsr-3933	221	26	.	.	PUNCT
fsr-3933	222	1	6	6	NUM
fsr-3933	222	2	.	.	X
fsr-3933	222	3	monthly	monthly	ADJ
fsr-3933	222	4	regression	regression	NOUN
fsr-3933	222	5	coefficients	coefficient	NOUN
fsr-3933	222	6	averaged	average	VERB
fsr-3933	222	7	on	on	ADP
fsr-3933	222	8	a	a	DET
fsr-3933	222	9	yearly	yearly	ADJ
fsr-3933	222	10	basis	basis	NOUN
fsr-3933	222	11	individual	individual	ADJ
fsr-3933	222	12	investors	investor	NOUN
fsr-3933	222	13	and	and	CCONJ
fsr-3933	222	14	portfolio	portfolio	NOUN
fsr-3933	222	15	managers	manager	NOUN
fsr-3933	222	16	can	can	AUX
fsr-3933	222	17	never	never	ADV
fsr-3933	222	18	be	be	AUX
fsr-3933	222	19	sure	sure	ADJ
fsr-3933	222	20	that	that	SCONJ
fsr-3933	222	21	past	past	ADJ
fsr-3933	222	22	patterns	pattern	NOUN
fsr-3933	222	23	in	in	ADP
fsr-3933	222	24	returns	return	NOUN
fsr-3933	222	25	will	will	AUX
fsr-3933	222	26	continue	continue	VERB
fsr-3933	222	27	in	in	ADP
fsr-3933	222	28	the	the	DET
fsr-3933	222	29	future	future	NOUN
fsr-3933	222	30	.	.	PUNCT
fsr-3933	223	1	if	if	SCONJ
fsr-3933	223	2	the	the	DET
fsr-3933	223	3	value	value	NOUN
fsr-3933	223	4	firm	firm	ADJ
fsr-3933	223	5	effect	effect	NOUN
fsr-3933	223	6	is	be	AUX
fsr-3933	223	7	based	base	VERB
fsr-3933	223	8	on	on	ADP
fsr-3933	223	9	underlying	underlie	VERB
fsr-3933	223	10	risk	risk	NOUN
fsr-3933	223	11	factors	factor	NOUN
fsr-3933	223	12	,	,	PUNCT
fsr-3933	223	13	one	one	PRON
fsr-3933	223	14	should	should	AUX
fsr-3933	223	15	expect	expect	VERB
fsr-3933	223	16	it	it	PRON
fsr-3933	223	17	to	to	PART
fsr-3933	223	18	continue	continue	VERB
fsr-3933	223	19	.	.	PUNCT
fsr-3933	224	1	on	on	ADP
fsr-3933	224	2	the	the	DET
fsr-3933	224	3	other	other	ADJ
fsr-3933	224	4	hand	hand	NOUN
fsr-3933	224	5	if	if	SCONJ
fsr-3933	224	6	the	the	DET
fsr-3933	224	7	effect	effect	NOUN
fsr-3933	224	8	is	be	AUX
fsr-3933	224	9	based	base	VERB
fsr-3933	224	10	upon	upon	SCONJ
fsr-3933	224	11	investor	investor	NOUN
fsr-3933	224	12	overreaction	overreaction	NOUN
fsr-3933	224	13	,	,	PUNCT
fsr-3933	224	14	than	than	SCONJ
fsr-3933	224	15	one	one	PRON
fsr-3933	224	16	may	may	AUX
fsr-3933	224	17	expect	expect	VERB
fsr-3933	224	18	the	the	DET
fsr-3933	224	19	effect	effect	NOUN
fsr-3933	224	20	to	to	PART
fsr-3933	224	21	phase	phase	VERB
fsr-3933	224	22	in	in	ADV
fsr-3933	224	23	and	and	CCONJ
fsr-3933	224	24	out	out	ADV
fsr-3933	224	25	with	with	ADP
fsr-3933	224	26	investing	investing	NOUN
fsr-3933	224	27	fads	fad	NOUN
fsr-3933	224	28	or	or	CCONJ
fsr-3933	224	29	disappear	disappear	VERB
fsr-3933	224	30	altogether	altogether	ADV
fsr-3933	224	31	.	.	PUNCT
fsr-3933	225	1	from	from	ADP
fsr-3933	225	2	the	the	DET
fsr-3933	225	3	information	information	NOUN
fsr-3933	225	4	presented	present	VERB
fsr-3933	225	5	in	in	ADP
fsr-3933	225	6	table	table	NOUN
fsr-3933	225	7	5	5	NUM
fsr-3933	225	8	it	it	PRON
fsr-3933	225	9	is	be	AUX
fsr-3933	225	10	easy	easy	ADJ
fsr-3933	225	11	to	to	PART
fsr-3933	225	12	identify	identify	VERB
fsr-3933	225	13	when	when	SCONJ
fsr-3933	225	14	the	the	DET
fsr-3933	225	15	variable	variable	NOUN
fsr-3933	225	16	in	in	ADP
fsr-3933	225	17	question	question	NOUN
fsr-3933	225	18	has	have	AUX
fsr-3933	225	19	had	have	VERB
fsr-3933	225	20	periods	period	NOUN
fsr-3933	225	21	of	of	ADP
fsr-3933	225	22	failure	failure	NOUN
fsr-3933	225	23	.	.	PUNCT
fsr-3933	226	1	failure	failure	NOUN
fsr-3933	226	2	entails	entail	VERB
fsr-3933	226	3	the	the	DET
fsr-3933	226	4	average	average	ADJ
fsr-3933	226	5	coefficient	coefficient	NOUN
fsr-3933	226	6	falling	fall	VERB
fsr-3933	226	7	into	into	ADP
fsr-3933	226	8	negative	negative	ADJ
fsr-3933	226	9	territory	territory	NOUN
fsr-3933	226	10	for	for	ADP
fsr-3933	226	11	ln(be	ln(be	PROPN
fsr-3933	226	12	/	/	SYM
fsr-3933	226	13	me	me	PROPN
fsr-3933	226	14	)	)	PUNCT
fsr-3933	226	15	and	and	CCONJ
fsr-3933	226	16	cash	cash	NOUN
fsr-3933	226	17	flow	flow	NOUN
fsr-3933	226	18	deciles	decile	NOUN
fsr-3933	226	19	.	.	PUNCT
fsr-3933	227	1	this	this	PRON
fsr-3933	227	2	indicates	indicate	VERB
fsr-3933	227	3	that	that	SCONJ
fsr-3933	227	4	growth	growth	NOUN
fsr-3933	227	5	firms	firm	NOUN
fsr-3933	227	6	outperformed	outperform	VERB
fsr-3933	227	7	value	value	NOUN
fsr-3933	227	8	firms	firm	NOUN
fsr-3933	227	9	during	during	ADP
fsr-3933	227	10	this	this	DET
fsr-3933	227	11	period	period	NOUN
fsr-3933	227	12	,	,	PUNCT
fsr-3933	227	13	contrary	contrary	ADJ
fsr-3933	227	14	to	to	ADP
fsr-3933	227	15	what	what	PRON
fsr-3933	227	16	is	be	AUX
fsr-3933	227	17	expected	expect	VERB
fsr-3933	227	18	.	.	PUNCT
fsr-3933	228	1	violation	violation	NOUN
fsr-3933	228	2	of	of	ADP
fsr-3933	228	3	the	the	DET
fsr-3933	228	4	value	value	NOUN
fsr-3933	228	5	firm	firm	ADJ
fsr-3933	228	6	effect	effect	NOUN
fsr-3933	228	7	is	be	AUX
fsr-3933	228	8	evident	evident	ADJ
fsr-3933	228	9	for	for	ADP
fsr-3933	228	10	ln(wgs	ln(wgs	NOUN
fsr-3933	228	11	)	)	PUNCT
fsr-3933	228	12	and	and	CCONJ
fsr-3933	228	13	ln(me	ln(me	NOUN
fsr-3933	228	14	)	)	PUNCT
fsr-3933	228	15	when	when	SCONJ
fsr-3933	228	16	the	the	DET
fsr-3933	228	17	average	average	ADJ
fsr-3933	228	18	coefficients	coefficient	NOUN
fsr-3933	228	19	rise	rise	VERB
fsr-3933	228	20	into	into	ADP
fsr-3933	228	21	positive	positive	ADJ
fsr-3933	228	22	territory	territory	NOUN
fsr-3933	228	23	.	.	PUNCT
fsr-3933	229	1	ln(be	ln(be	NOUN
fsr-3933	229	2	/	/	SYM
fsr-3933	229	3	me	me	PROPN
fsr-3933	229	4	)	)	PUNCT
fsr-3933	229	5	and	and	CCONJ
fsr-3933	229	6	cash	cash	NOUN
fsr-3933	229	7	flow	flow	NOUN
fsr-3933	229	8	deciles	decile	NOUN
fsr-3933	229	9	appear	appear	VERB
fsr-3933	229	10	to	to	PART
fsr-3933	229	11	be	be	AUX
fsr-3933	229	12	fairly	fairly	ADV
fsr-3933	229	13	strong	strong	ADJ
fsr-3933	229	14	variables	variable	NOUN
fsr-3933	229	15	over	over	ADP
fsr-3933	229	16	some	some	DET
fsr-3933	229	17	periods	period	NOUN
fsr-3933	229	18	of	of	ADP
fsr-3933	229	19	time	time	NOUN
fsr-3933	229	20	on	on	ADP
fsr-3933	229	21	an	an	DET
fsr-3933	229	22	average	average	ADJ
fsr-3933	229	23	basis	basis	NOUN
fsr-3933	229	24	.	.	PUNCT
fsr-3933	230	1	ln(be	ln(be	NOUN
fsr-3933	230	2	/	/	SYM
fsr-3933	230	3	me	i	PRON
fsr-3933	230	4	)	)	PUNCT
fsr-3933	230	5	is	be	AUX
fsr-3933	230	6	more	more	ADV
fsr-3933	230	7	reliable	reliable	ADJ
fsr-3933	230	8	than	than	ADP
fsr-3933	230	9	any	any	PRON
fsr-3933	230	10	of	of	ADP
fsr-3933	230	11	the	the	DET
fsr-3933	230	12	other	other	ADJ
fsr-3933	230	13	variables	variable	NOUN
fsr-3933	230	14	with	with	ADP
fsr-3933	230	15	only	only	ADV
fsr-3933	230	16	four	four	NUM
fsr-3933	230	17	years	year	NOUN
fsr-3933	230	18	in	in	ADP
fsr-3933	230	19	which	which	PRON
fsr-3933	230	20	the	the	DET
fsr-3933	230	21	coefficient	coefficient	NOUN
fsr-3933	230	22	drops	drop	VERB
fsr-3933	230	23	into	into	ADP
fsr-3933	230	24	negative	negative	ADJ
fsr-3933	230	25	territory	territory	NOUN
fsr-3933	230	26	.	.	PUNCT
fsr-3933	231	1	cash	cash	NOUN
fsr-3933	231	2	flow	flow	NOUN
fsr-3933	231	3	deciles	decile	NOUN
fsr-3933	231	4	become	become	VERB
fsr-3933	231	5	negative	negative	ADJ
fsr-3933	231	6	in	in	ADP
fsr-3933	231	7	eight	eight	NUM
fsr-3933	231	8	years	year	NOUN
fsr-3933	231	9	.	.	PUNCT
fsr-3933	232	1	ln(wgs	ln(wg	VERB
fsr-3933	232	2	)	)	PUNCT
fsr-3933	232	3	is	be	AUX
fsr-3933	232	4	positive	positive	ADJ
fsr-3933	232	5	in	in	ADP
fsr-3933	232	6	eight	eight	NUM
fsr-3933	232	7	out	out	ADP
fsr-3933	232	8	of	of	ADP
fsr-3933	232	9	thirty	thirty	NUM
fsr-3933	232	10	-	-	PUNCT
fsr-3933	232	11	five	five	NUM
fsr-3933	232	12	years	year	NOUN
fsr-3933	232	13	,	,	PUNCT
fsr-3933	232	14	with	with	ADP
fsr-3933	232	15	several	several	ADJ
fsr-3933	232	16	more	more	ADJ
fsr-3933	232	17	years	year	NOUN
fsr-3933	232	18	very	very	ADV
fsr-3933	232	19	close	close	ADV
fsr-3933	232	20	to	to	ADP
fsr-3933	232	21	zero	zero	NUM
fsr-3933	232	22	.	.	PUNCT
fsr-3933	233	1	clearly	clearly	ADV
fsr-3933	233	2	ln(wgs	ln(wgs	ADJ
fsr-3933	233	3	)	)	PUNCT
fsr-3933	233	4	performs	perform	VERB
fsr-3933	233	5	opposite	opposite	ADJ
fsr-3933	233	6	to	to	ADP
fsr-3933	233	7	contrarian	contrarian	ADJ
fsr-3933	233	8	strategy	strategy	NOUN
fsr-3933	233	9	predictions	prediction	NOUN
fsr-3933	233	10	during	during	ADP
fsr-3933	233	11	the	the	DET
fsr-3933	233	12	period	period	NOUN
fsr-3933	233	13	before	before	ADP
fsr-3933	233	14	that	that	PRON
fsr-3933	233	15	in	in	ADP
fsr-3933	233	16	which	which	PRON
fsr-3933	233	17	lakonishok	lakonishok	NOUN
fsr-3933	233	18	et	et	PROPN
fsr-3933	233	19	al	al	PROPN
fsr-3933	233	20	.	.	PROPN
fsr-3933	234	1	(	(	PUNCT
fsr-3933	234	2	1994	1994	NUM
fsr-3933	234	3	)	)	PUNCT
fsr-3933	234	4	analyze	analyze	VERB
fsr-3933	234	5	their	their	PRON
fsr-3933	234	6	results	result	NOUN
fsr-3933	234	7	.	.	PUNCT
fsr-3933	235	1	the	the	DET
fsr-3933	235	2	variable	variable	NOUN
fsr-3933	235	3	has	have	AUX
fsr-3933	235	4	performed	perform	VERB
fsr-3933	235	5	as	as	SCONJ
fsr-3933	235	6	expected	expect	VERB
fsr-3933	235	7	most	most	ADJ
fsr-3933	235	8	of	of	ADP
fsr-3933	235	9	the	the	DET
fsr-3933	235	10	time	time	NOUN
fsr-3933	235	11	in	in	ADP
fsr-3933	235	12	recent	recent	ADJ
fsr-3933	235	13	years	year	NOUN
fsr-3933	235	14	.	.	PUNCT
fsr-3933	236	1	ln(me	ln(me	PROPN
fsr-3933	236	2	)	)	PUNCT
fsr-3933	236	3	has	have	VERB
fsr-3933	236	4	positive	positive	ADJ
fsr-3933	236	5	coefficients	coefficient	NOUN
fsr-3933	236	6	in	in	ADP
fsr-3933	236	7	over	over	ADP
fsr-3933	236	8	one	one	NUM
fsr-3933	236	9	-	-	PUNCT
fsr-3933	236	10	third	third	NOUN
fsr-3933	236	11	of	of	ADP
fsr-3933	236	12	the	the	DET
fsr-3933	236	13	years	year	NOUN
fsr-3933	236	14	.	.	PUNCT
fsr-3933	237	1	ln(me	ln(me	PROPN
fsr-3933	237	2	)	)	PUNCT
fsr-3933	237	3	does	do	AUX
fsr-3933	237	4	not	not	PART
fsr-3933	237	5	perform	perform	VERB
fsr-3933	237	6	well	well	ADV
fsr-3933	237	7	during	during	ADP
fsr-3933	237	8	the	the	DET
fsr-3933	237	9	mid	mid	NOUN
fsr-3933	237	10	-	-	NOUN
fsr-3933	237	11	eighties	eighty	NOUN
fsr-3933	237	12	in	in	ADP
fsr-3933	237	13	particular	particular	ADJ
fsr-3933	237	14	.	.	PUNCT
fsr-3933	238	1	table	table	NOUN
fsr-3933	238	2	5	5	NUM
fsr-3933	238	3	indicates	indicate	VERB
fsr-3933	238	4	that	that	SCONJ
fsr-3933	238	5	there	there	PRON
fsr-3933	238	6	are	be	VERB
fsr-3933	238	7	not	not	PART
fsr-3933	238	8	many	many	ADJ
fsr-3933	238	9	years	year	NOUN
fsr-3933	238	10	in	in	ADP
fsr-3933	238	11	which	which	PRON
fsr-3933	238	12	the	the	DET
fsr-3933	238	13	contrarian	contrarian	NOUN
fsr-3933	238	14	be	be	AUX
fsr-3933	238	15	/	/	SYM
fsr-3933	238	16	me	me	PROPN
fsr-3933	238	17	strategy	strategy	NOUN
fsr-3933	238	18	dramatically	dramatically	ADV
fsr-3933	238	19	fails	fail	VERB
fsr-3933	238	20	(	(	PUNCT
fsr-3933	238	21	growth	growth	NOUN
fsr-3933	238	22	firms	firm	NOUN
fsr-3933	238	23	earn	earn	VERB
fsr-3933	238	24	more	more	ADJ
fsr-3933	238	25	on	on	ADP
fsr-3933	238	26	average	average	ADJ
fsr-3933	238	27	than	than	ADP
fsr-3933	238	28	value	value	NOUN
fsr-3933	238	29	firms	firm	NOUN
fsr-3933	238	30	)	)	PUNCT
fsr-3933	238	31	.	.	PUNCT
fsr-3933	239	1	for	for	ADP
fsr-3933	239	2	ln(be	ln(be	PROPN
fsr-3933	239	3	/	/	SYM
fsr-3933	239	4	me	me	PROPN
fsr-3933	239	5	)	)	PUNCT
fsr-3933	239	6	this	this	PRON
fsr-3933	239	7	occurs	occur	VERB
fsr-3933	239	8	between	between	ADP
fsr-3933	239	9	july	july	PROPN
fsr-3933	239	10	1970	1970	NUM
fsr-3933	239	11	and	and	CCONJ
fsr-3933	239	12	june	june	PROPN
fsr-3933	239	13	1972	1972	NUM
fsr-3933	239	14	,	,	PUNCT
fsr-3933	239	15	july	july	PROPN
fsr-3933	239	16	1979	1979	NUM
fsr-3933	239	17	to	to	ADP
fsr-3933	239	18	june	june	PROPN
fsr-3933	239	19	1980	1980	NUM
fsr-3933	239	20	,	,	PUNCT
fsr-3933	239	21	and	and	CCONJ
fsr-3933	239	22	july	july	PROPN
fsr-3933	239	23	1989	1989	NUM
fsr-3933	239	24	to	to	ADP
fsr-3933	239	25	june	june	PROPN
fsr-3933	239	26	1990	1990	NUM
fsr-3933	239	27	.	.	PUNCT
fsr-3933	240	1	there	there	PRON
fsr-3933	240	2	are	be	VERB
fsr-3933	240	3	many	many	ADJ
fsr-3933	240	4	years	year	NOUN
fsr-3933	240	5	where	where	SCONJ
fsr-3933	240	6	the	the	DET
fsr-3933	240	7	strategy	strategy	NOUN
fsr-3933	240	8	does	do	AUX
fsr-3933	240	9	not	not	PART
fsr-3933	240	10	appear	appear	VERB
fsr-3933	240	11	to	to	PART
fsr-3933	240	12	differentiate	differentiate	VERB
fsr-3933	240	13	well	well	ADV
fsr-3933	240	14	between	between	ADP
fsr-3933	240	15	the	the	DET
fsr-3933	240	16	two	two	NUM
fsr-3933	240	17	styles	style	NOUN
fsr-3933	240	18	of	of	ADP
fsr-3933	240	19	investing	investing	NOUN
fsr-3933	240	20	.	.	PUNCT
fsr-3933	241	1	during	during	ADP
fsr-3933	241	2	the	the	DET
fsr-3933	241	3	entire	entire	ADJ
fsr-3933	241	4	34.5	34.5	NUM
fsr-3933	241	5	-	-	PUNCT
fsr-3933	241	6	year	year	NOUN
fsr-3933	241	7	period	period	NOUN
fsr-3933	241	8	there	there	PRON
fsr-3933	241	9	are	be	VERB
fsr-3933	241	10	only	only	ADV
fsr-3933	241	11	16	16	NUM
fsr-3933	241	12	years	year	NOUN
fsr-3933	241	13	(	(	PUNCT
fsr-3933	241	14	46	46	NUM
fsr-3933	241	15	%	%	NOUN
fsr-3933	241	16	)	)	PUNCT
fsr-3933	241	17	in	in	ADP
fsr-3933	241	18	which	which	PRON
fsr-3933	241	19	50	50	NUM
fsr-3933	241	20	%	%	NOUN
fsr-3933	241	21	or	or	CCONJ
fsr-3933	241	22	more	more	ADJ
fsr-3933	241	23	of	of	ADP
fsr-3933	241	24	the	the	DET
fsr-3933	241	25	monthly	monthly	ADJ
fsr-3933	241	26	be	be	NOUN
fsr-3933	241	27	/	/	SYM
fsr-3933	241	28	me	i	PRON
fsr-3933	241	29	coefficients	coefficient	NOUN
fsr-3933	241	30	are	be	AUX
fsr-3933	241	31	positive	positive	ADJ
fsr-3933	241	32	and	and	CCONJ
fsr-3933	241	33	significant	significant	ADJ
fsr-3933	241	34	.	.	PUNCT
fsr-3933	242	1	7	7	X
fsr-3933	242	2	.	.	X
fsr-3933	242	3	summary	summary	NOUN
fsr-3933	242	4	and	and	CCONJ
fsr-3933	242	5	interpretation	interpretation	NOUN
fsr-3933	242	6	of	of	ADP
fsr-3933	242	7	findings	finding	NOUN
fsr-3933	242	8	evaluation	evaluation	NOUN
fsr-3933	242	9	of	of	ADP
fsr-3933	242	10	a	a	DET
fsr-3933	242	11	value	value	NOUN
fsr-3933	242	12	investment	investment	NOUN
fsr-3933	242	13	strategy	strategy	NOUN
fsr-3933	242	14	reveals	reveal	VERB
fsr-3933	242	15	that	that	SCONJ
fsr-3933	242	16	the	the	DET
fsr-3933	242	17	high	high	ADJ
fsr-3933	242	18	returns	return	NOUN
fsr-3933	242	19	found	find	VERB
fsr-3933	242	20	over	over	ADP
fsr-3933	242	21	long	long	ADJ
fsr-3933	242	22	time	time	NOUN
fsr-3933	242	23	horizons	horizon	NOUN
fsr-3933	242	24	are	be	AUX
fsr-3933	242	25	not	not	PART
fsr-3933	242	26	uniform	uniform	ADJ
fsr-3933	242	27	or	or	CCONJ
fsr-3933	242	28	dependable	dependable	ADJ
fsr-3933	242	29	over	over	ADP
fsr-3933	242	30	short	short	ADJ
fsr-3933	242	31	time	time	NOUN
fsr-3933	242	32	intervals	interval	NOUN
fsr-3933	242	33	.	.	PUNCT
fsr-3933	243	1	in	in	ADP
fsr-3933	243	2	this	this	DET
fsr-3933	243	3	study	study	NOUN
fsr-3933	243	4	the	the	DET
fsr-3933	243	5	book	book	NOUN
fsr-3933	243	6	equity	equity	NOUN
fsr-3933	243	7	-	-	PUNCT
fsr-3933	243	8	to	to	ADP
fsr-3933	243	9	-	-	PUNCT
fsr-3933	243	10	market	market	NOUN
fsr-3933	243	11	equity	equity	NOUN
fsr-3933	243	12	ratio	ratio	NOUN
fsr-3933	243	13	(	(	PUNCT
fsr-3933	243	14	be	be	AUX
fsr-3933	243	15	/	/	SYM
fsr-3933	243	16	me	i	PRON
fsr-3933	243	17	)	)	PUNCT
fsr-3933	243	18	is	be	AUX
fsr-3933	243	19	regressed	regress	VERB
fsr-3933	243	20	monthly	monthly	ADV
fsr-3933	243	21	against	against	ADP
fsr-3933	243	22	returns	return	NOUN
fsr-3933	243	23	for	for	ADP
fsr-3933	243	24	the	the	DET
fsr-3933	243	25	years	year	NOUN
fsr-3933	243	26	of	of	ADP
fsr-3933	243	27	1963–1997	1963–1997	NUM
fsr-3933	243	28	.	.	PUNCT
fsr-3933	244	1	the	the	DET
fsr-3933	244	2	book	book	NOUN
fsr-3933	244	3	-	-	PUNCT
fsr-3933	244	4	to	to	ADP
fsr-3933	244	5	-	-	PUNCT
fsr-3933	244	6	market	market	NOUN
fsr-3933	244	7	effect	effect	NOUN
fsr-3933	244	8	(	(	PUNCT
fsr-3933	244	9	be	be	AUX
fsr-3933	244	10	/	/	SYM
fsr-3933	244	11	me	i	PRON
fsr-3933	244	12	)	)	PUNCT
fsr-3933	244	13	is	be	AUX
fsr-3933	244	14	statistically	statistically	ADV
fsr-3933	244	15	related	relate	VERB
fsr-3933	244	16	to	to	PART
fsr-3933	244	17	return	return	VERB
fsr-3933	244	18	as	as	SCONJ
fsr-3933	244	19	predicted	predict	VERB
fsr-3933	244	20	in	in	ADP
fsr-3933	244	21	less	less	ADJ
fsr-3933	244	22	than	than	ADP
fsr-3933	244	23	50	50	NUM
fsr-3933	244	24	%	%	NOUN
fsr-3933	244	25	of	of	ADP
fsr-3933	244	26	the	the	DET
fsr-3933	244	27	monthly	monthly	ADJ
fsr-3933	244	28	time	time	NOUN
fsr-3933	244	29	periods	period	NOUN
fsr-3933	244	30	examined	examine	VERB
fsr-3933	244	31	.	.	PUNCT
fsr-3933	245	1	also	also	ADV
fsr-3933	245	2	,	,	PUNCT
fsr-3933	245	3	the	the	DET
fsr-3933	245	4	variable	variable	NOUN
fsr-3933	245	5	is	be	AUX
fsr-3933	245	6	not	not	PART
fsr-3933	245	7	always	always	ADV
fsr-3933	245	8	significant	significant	ADJ
fsr-3933	245	9	370	370	NUM
fsr-3933	245	10	r.r	r.r	PROPN
fsr-3933	245	11	.	.	PROPN
fsr-3933	245	12	trecartin	trecartin	PROPN
fsr-3933	245	13	/	/	SYM
fsr-3933	245	14	financial	financial	ADJ
fsr-3933	245	15	services	service	NOUN
fsr-3933	245	16	review	review	VERB
fsr-3933	245	17	9	9	NUM
fsr-3933	245	18	(	(	PUNCT
fsr-3933	245	19	2000	2000	NUM
fsr-3933	245	20	)	)	PUNCT
fsr-3933	245	21	361–373	361–373	NUM
fsr-3933	245	22	in	in	ADP
fsr-3933	245	23	five	five	NUM
fsr-3933	245	24	-	-	PUNCT
fsr-3933	245	25	year	year	NOUN
fsr-3933	245	26	subperiods	subperiod	NOUN
fsr-3933	245	27	.	.	PUNCT
fsr-3933	246	1	however	however	ADV
fsr-3933	246	2	in	in	ADP
fsr-3933	246	3	ten	ten	NUM
fsr-3933	246	4	-	-	PUNCT
fsr-3933	246	5	year	year	NOUN
fsr-3933	246	6	periods	period	NOUN
fsr-3933	246	7	be	be	VERB
fsr-3933	246	8	/	/	PRON
fsr-3933	246	9	me	i	PRON
fsr-3933	246	10	is	be	AUX
fsr-3933	246	11	significantly	significantly	ADV
fsr-3933	246	12	related	relate	VERB
fsr-3933	246	13	to	to	PART
fsr-3933	246	14	return	return	VERB
fsr-3933	246	15	.	.	PUNCT
fsr-3933	247	1	thus	thus	ADV
fsr-3933	247	2	the	the	DET
fsr-3933	247	3	data	data	NOUN
fsr-3933	247	4	supports	support	VERB
fsr-3933	247	5	the	the	DET
fsr-3933	247	6	view	view	NOUN
fsr-3933	247	7	that	that	SCONJ
fsr-3933	247	8	the	the	DET
fsr-3933	247	9	be	be	NOUN
fsr-3933	247	10	/	/	SYM
fsr-3933	247	11	me	i	PRON
fsr-3933	247	12	variable	variable	NOUN
fsr-3933	247	13	is	be	AUX
fsr-3933	247	14	not	not	PART
fsr-3933	247	15	a	a	DET
fsr-3933	247	16	reliable	reliable	ADJ
fsr-3933	247	17	predictor	predictor	NOUN
fsr-3933	247	18	of	of	ADP
fsr-3933	247	19	return	return	NOUN
fsr-3933	247	20	over	over	ADP
fsr-3933	247	21	short	short	ADJ
fsr-3933	247	22	time	time	NOUN
fsr-3933	247	23	horizons	horizon	NOUN
fsr-3933	247	24	.	.	PUNCT
fsr-3933	248	1	an	an	DET
fsr-3933	248	2	investor	investor	NOUN
fsr-3933	248	3	can	can	AUX
fsr-3933	248	4	capture	capture	VERB
fsr-3933	248	5	superior	superior	ADJ
fsr-3933	248	6	returns	return	NOUN
fsr-3933	248	7	only	only	ADV
fsr-3933	248	8	if	if	SCONJ
fsr-3933	248	9	the	the	DET
fsr-3933	248	10	holding	hold	VERB
fsr-3933	248	11	period	period	NOUN
fsr-3933	248	12	is	be	AUX
fsr-3933	248	13	extended	extend	VERB
fsr-3933	248	14	to	to	PART
fsr-3933	248	15	cover	cover	VERB
fsr-3933	248	16	fairly	fairly	ADV
fsr-3933	248	17	long	long	ADJ
fsr-3933	248	18	intervals	interval	NOUN
fsr-3933	248	19	.	.	PUNCT
fsr-3933	249	1	it	it	PRON
fsr-3933	249	2	is	be	AUX
fsr-3933	249	3	the	the	DET
fsr-3933	249	4	author	author	NOUN
fsr-3933	249	5	’s	’s	PART
fsr-3933	249	6	opinion	opinion	NOUN
fsr-3933	249	7	that	that	SCONJ
fsr-3933	249	8	short	short	ADJ
fsr-3933	249	9	term	term	NOUN
fsr-3933	249	10	be	be	AUX
fsr-3933	249	11	/	/	PRON
fsr-3933	249	12	me	i	PRON
fsr-3933	249	13	unreliability	unreliability	NOUN
fsr-3933	249	14	does	do	AUX
fsr-3933	249	15	not	not	PART
fsr-3933	249	16	negate	negate	VERB
fsr-3933	249	17	the	the	DET
fsr-3933	249	18	usefulness	usefulness	NOUN
fsr-3933	249	19	of	of	ADP
fsr-3933	249	20	the	the	DET
fsr-3933	249	21	value	value	NOUN
fsr-3933	249	22	effect	effect	NOUN
fsr-3933	249	23	for	for	ADP
fsr-3933	249	24	a	a	DET
fsr-3933	249	25	patient	patient	ADJ
fsr-3933	249	26	investor	investor	NOUN
fsr-3933	249	27	as	as	SCONJ
fsr-3933	249	28	evidenced	evidence	VERB
fsr-3933	249	29	by	by	ADP
fsr-3933	249	30	the	the	DET
fsr-3933	249	31	long	long	ADJ
fsr-3933	249	32	term	term	NOUN
fsr-3933	249	33	positive	positive	ADJ
fsr-3933	249	34	and	and	CCONJ
fsr-3933	249	35	statistically	statistically	ADV
fsr-3933	249	36	significant	significant	ADJ
fsr-3933	249	37	coefficients	coefficient	NOUN
fsr-3933	249	38	presented	present	VERB
fsr-3933	249	39	in	in	ADP
fsr-3933	249	40	this	this	PRON
fsr-3933	249	41	and	and	CCONJ
fsr-3933	249	42	other	other	ADJ
fsr-3933	249	43	studies	study	NOUN
fsr-3933	249	44	.	.	PUNCT
fsr-3933	250	1	but	but	CCONJ
fsr-3933	250	2	,	,	PUNCT
fsr-3933	250	3	there	there	PRON
fsr-3933	250	4	is	be	VERB
fsr-3933	250	5	no	no	DET
fsr-3933	250	6	table	table	NOUN
fsr-3933	250	7	5	5	NUM
fsr-3933	250	8	monthly	monthly	ADJ
fsr-3933	250	9	regression	regression	NOUN
fsr-3933	250	10	coefficients	coefficient	NOUN
fsr-3933	250	11	averaged	average	VERB
fsr-3933	250	12	on	on	ADP
fsr-3933	250	13	a	a	DET
fsr-3933	250	14	yearly	yearly	ADJ
fsr-3933	250	15	basis	basis	NOUN
fsr-3933	250	16	year	year	NOUN
fsr-3933	250	17	ln(be	ln(be	PROPN
fsr-3933	250	18	/	/	SYM
fsr-3933	250	19	me	me	PROPN
fsr-3933	250	20	)	)	PUNCT
fsr-3933	250	21	pos	pos	NOUN
fsr-3933	250	22	/	/	SYM
fsr-3933	250	23	neg	neg	PROPN
fsr-3933	250	24	cfdecile	cfdecile	NOUN
fsr-3933	250	25	pos	pos	PROPN
fsr-3933	250	26	/	/	SYM
fsr-3933	250	27	neg	neg	PROPN
fsr-3933	250	28	ln(wgs	ln(wgs	NOUN
fsr-3933	250	29	)	)	PUNCT
fsr-3933	250	30	pos	pos	PROPN
fsr-3933	250	31	/	/	SYM
fsr-3933	250	32	neg	neg	NOUN
fsr-3933	250	33	ln(me	ln(me	NOUN
fsr-3933	250	34	)	)	PUNCT
fsr-3933	250	35	pos	pos	NOUN
fsr-3933	250	36	/	/	SYM
fsr-3933	250	37	neg	neg	PROPN
fsr-3933	250	38	1962	1962	NUM
fsr-3933	250	39	0.52	0.52	NUM
fsr-3933	250	40	%	%	NOUN
fsr-3933	250	41	4,0	4,0	NUM
fsr-3933	250	42	0.08	0.08	NUM
fsr-3933	250	43	%	%	NOUN
fsr-3933	250	44	2,1	2,1	NUM
fsr-3933	250	45	�	�	NOUN
fsr-3933	250	46	0.42	0.42	NUM
fsr-3933	250	47	%	%	NOUN
fsr-3933	250	48	0,5	0,5	NUM
fsr-3933	250	49	0.11	0.11	NUM
fsr-3933	250	50	%	%	NOUN
fsr-3933	250	51	3,2	3,2	NUM
fsr-3933	250	52	1963	1963	NUM
fsr-3933	250	53	0.17	0.17	NUM
fsr-3933	250	54	3,2	3,2	NUM
fsr-3933	250	55	0.06	0.06	NUM
fsr-3933	250	56	5,1	5,1	NUM
fsr-3933	250	57	�	�	PROPN
fsr-3933	250	58	0.30	0.30	NUM
fsr-3933	250	59	0,1	0,1	NUM
fsr-3933	250	60	�	�	PROPN
fsr-3933	250	61	0.25	0.25	NUM
fsr-3933	250	62	1,5	1,5	NUM
fsr-3933	250	63	1964	1964	NUM
fsr-3933	250	64	0.58	0.58	NUM
fsr-3933	250	65	6,3	6,3	NUM
fsr-3933	250	66	0.27	0.27	NUM
fsr-3933	250	67	8,1	8,1	NUM
fsr-3933	250	68	0.06	0.06	NUM
fsr-3933	250	69	0,0	0,0	NUM
fsr-3933	250	70	�	�	NOUN
fsr-3933	250	71	0.46	0.46	NUM
fsr-3933	250	72	1,7	1,7	NUM
fsr-3933	250	73	1965	1965	NUM
fsr-3933	250	74	0.97	0.97	NUM
fsr-3933	250	75	4,1	4,1	NUM
fsr-3933	250	76	0.17	0.17	NUM
fsr-3933	250	77	2,0	2,0	NUM
fsr-3933	250	78	0.34	0.34	NUM
fsr-3933	250	79	1,0	1,0	NUM
fsr-3933	250	80	�	�	NOUN
fsr-3933	250	81	0.57	0.57	NUM
fsr-3933	250	82	2,4	2,4	NUM
fsr-3933	250	83	1966	1966	NUM
fsr-3933	250	84	0.87	0.87	NUM
fsr-3933	250	85	3,1	3,1	NUM
fsr-3933	250	86	0.17	0.17	NUM
fsr-3933	250	87	4,1	4,1	NUM
fsr-3933	250	88	0.88	0.88	NUM
fsr-3933	250	89	4,1	4,1	NUM
fsr-3933	250	90	�	�	NOUN
fsr-3933	250	91	0.78	0.78	NUM
fsr-3933	250	92	0,6	0,6	NUM
fsr-3933	250	93	1967	1967	NUM
fsr-3933	250	94	0.40	0.40	NUM
fsr-3933	250	95	5,1	5,1	NUM
fsr-3933	250	96	0.12	0.12	NUM
fsr-3933	250	97	4,0	4,0	NUM
fsr-3933	250	98	�	�	NOUN
fsr-3933	250	99	0.34	0.34	NUM
fsr-3933	250	100	0,1	0,1	NUM
fsr-3933	250	101	0.02	0.02	NUM
fsr-3933	250	102	2,2	2,2	NUM
fsr-3933	250	103	1968	1968	NUM
fsr-3933	250	104	0.08	0.08	NUM
fsr-3933	250	105	4,4	4,4	NUM
fsr-3933	250	106	0.09	0.09	NUM
fsr-3933	250	107	3,4	3,4	NUM
fsr-3933	250	108	�	�	NOUN
fsr-3933	250	109	0.41	0.41	NUM
fsr-3933	250	110	2,5	2,5	NUM
fsr-3933	250	111	0.32	0.32	NUM
fsr-3933	250	112	6,2	6,2	NUM
fsr-3933	250	113	1969	1969	NUM
fsr-3933	250	114	�	�	NOUN
fsr-3933	250	115	0.49	0.49	NUM
fsr-3933	250	116	2,4	2,4	NUM
fsr-3933	250	117	�	�	PROPN
fsr-3933	250	118	0.12	0.12	NUM
fsr-3933	250	119	1,5	1,5	NUM
fsr-3933	250	120	0.75	0.75	NUM
fsr-3933	250	121	4,0	4,0	NUM
fsr-3933	250	122	�	�	NOUN
fsr-3933	250	123	0.20	0.20	NUM
fsr-3933	250	124	4,5	4,5	NUM
fsr-3933	250	125	1970	1970	NUM
fsr-3933	250	126	�	�	PROPN
fsr-3933	250	127	0.38	0.38	NUM
fsr-3933	250	128	1,6	1,6	NUM
fsr-3933	250	129	�	�	PROPN
fsr-3933	250	130	0.11	0.11	NUM
fsr-3933	250	131	0,4	0,4	NUM
fsr-3933	250	132	�	�	NOUN
fsr-3933	250	133	0.01	0.01	NUM
fsr-3933	250	134	1,1	1,1	NUM
fsr-3933	250	135	�	�	NOUN
fsr-3933	250	136	0.04	0.04	NUM
fsr-3933	250	137	5,2	5,2	NUM
fsr-3933	250	138	1971	1971	NUM
fsr-3933	250	139	0.68	0.68	NUM
fsr-3933	250	140	5,1	5,1	NUM
fsr-3933	250	141	0.32	0.32	NUM
fsr-3933	250	142	8,1	8,1	NUM
fsr-3933	250	143	�	�	NOUN
fsr-3933	250	144	0.66	0.66	NUM
fsr-3933	250	145	0,7	0,7	NUM
fsr-3933	250	146	0.63	0.63	NUM
fsr-3933	250	147	8,0	8,0	NUM
fsr-3933	250	148	1972	1972	NUM
fsr-3933	250	149	0.46	0.46	NUM
fsr-3933	250	150	4,3	4,3	NUM
fsr-3933	250	151	0.03	0.03	NUM
fsr-3933	250	152	4,1	4,1	NUM
fsr-3933	250	153	�	�	NOUN
fsr-3933	250	154	0.77	0.77	NUM
fsr-3933	250	155	2,6	2,6	NUM
fsr-3933	250	156	�	�	PROPN
fsr-3933	250	157	0.15	0.15	NUM
fsr-3933	250	158	4,4	4,4	NUM
fsr-3933	250	159	1973	1973	NUM
fsr-3933	250	160	0.65	0.65	NUM
fsr-3933	250	161	6,4	6,4	NUM
fsr-3933	250	162	0.03	0.03	NUM
fsr-3933	250	163	3,4	3,4	NUM
fsr-3933	250	164	�	�	PROPN
fsr-3933	250	165	0.55	0.55	NUM
fsr-3933	250	166	1,5	1,5	NUM
fsr-3933	250	167	�	�	PROPN
fsr-3933	250	168	0.35	0.35	NUM
fsr-3933	250	169	4,6	4,6	NUM
fsr-3933	250	170	1974	1974	NUM
fsr-3933	250	171	1.13	1.13	NUM
fsr-3933	250	172	3,3	3,3	NUM
fsr-3933	250	173	0.26	0.26	NUM
fsr-3933	250	174	6,0	6,0	NUM
fsr-3933	250	175	�	�	PROPN
fsr-3933	250	176	0.60	0.60	NUM
fsr-3933	250	177	1,5	1,5	NUM
fsr-3933	250	178	�	�	PROPN
fsr-3933	250	179	0.34	0.34	NUM
fsr-3933	250	180	5,3	5,3	NUM
fsr-3933	250	181	1975	1975	NUM
fsr-3933	250	182	0.84	0.84	NUM
fsr-3933	250	183	8,0	8,0	NUM
fsr-3933	250	184	0.20	0.20	NUM
fsr-3933	250	185	6,0	6,0	NUM
fsr-3933	250	186	�	�	NOUN
fsr-3933	250	187	0.25	0.25	NUM
fsr-3933	250	188	3,4	3,4	NUM
fsr-3933	250	189	�	�	NOUN
fsr-3933	250	190	0.35	0.35	NUM
fsr-3933	250	191	2,7	2,7	NUM
fsr-3933	250	192	1976	1976	NUM
fsr-3933	250	193	0.85	0.85	NUM
fsr-3933	250	194	7,1	7,1	NUM
fsr-3933	250	195	0.11	0.11	NUM
fsr-3933	250	196	6,1	6,1	NUM
fsr-3933	250	197	�	�	PROPN
fsr-3933	250	198	0.49	0.49	NUM
fsr-3933	250	199	1,5	1,5	NUM
fsr-3933	250	200	�	�	PROPN
fsr-3933	250	201	0.70	0.70	NUM
fsr-3933	250	202	0,12	0,12	NUM
fsr-3933	250	203	1977	1977	NUM
fsr-3933	250	204	0.13	0.13	NUM
fsr-3933	250	205	6,4	6,4	NUM
fsr-3933	250	206	0.04	0.04	NUM
fsr-3933	250	207	3,1	3,1	NUM
fsr-3933	250	208	�	�	PROPN
fsr-3933	250	209	0.15	0.15	NUM
fsr-3933	250	210	4,4	4,4	NUM
fsr-3933	250	211	�	�	PROPN
fsr-3933	250	212	0.24	0.24	NUM
fsr-3933	250	213	4,6	4,6	NUM
fsr-3933	250	214	1978	1978	NUM
fsr-3933	250	215	�	�	PROPN
fsr-3933	250	216	0.45	0.45	NUM
fsr-3933	250	217	1,4	1,4	NUM
fsr-3933	250	218	�	�	PROPN
fsr-3933	250	219	0.06	0.06	NUM
fsr-3933	250	220	2,4	2,4	NUM
fsr-3933	250	221	0.30	0.30	NUM
fsr-3933	250	222	4,1	4,1	NUM
fsr-3933	250	223	�	�	NOUN
fsr-3933	250	224	0.05	0.05	NUM
fsr-3933	250	225	5,3	5,3	NUM
fsr-3933	250	226	1979	1979	NUM
fsr-3933	250	227	0.22	0.22	NUM
fsr-3933	250	228	6,5	6,5	NUM
fsr-3933	250	229	0.04	0.04	NUM
fsr-3933	250	230	6,3	6,3	NUM
fsr-3933	250	231	0.11	0.11	NUM
fsr-3933	250	232	4,3	4,3	NUM
fsr-3933	250	233	�	�	NOUN
fsr-3933	250	234	0.39	0.39	NUM
fsr-3933	250	235	3,8	3,8	NUM
fsr-3933	250	236	1980	1980	NUM
fsr-3933	250	237	1.07	1.07	NUM
fsr-3933	250	238	9,2	9,2	NUM
fsr-3933	250	239	0.34	0.34	NUM
fsr-3933	250	240	10,2	10,2	NUM
fsr-3933	250	241	�	�	PROPN
fsr-3933	250	242	0.55	0.55	NUM
fsr-3933	250	243	2,7	2,7	NUM
fsr-3933	250	244	�	�	NOUN
fsr-3933	250	245	0.05	0.05	NUM
fsr-3933	250	246	4,4	4,4	NUM
fsr-3933	250	247	1981	1981	NUM
fsr-3933	250	248	0.31	0.31	NUM
fsr-3933	250	249	5,4	5,4	NUM
fsr-3933	250	250	�	�	NOUN
fsr-3933	250	251	0.07	0.07	NUM
fsr-3933	250	252	3,4	3,4	NUM
fsr-3933	250	253	�	�	NOUN
fsr-3933	250	254	0.66	0.66	NUM
fsr-3933	250	255	2,7	2,7	NUM
fsr-3933	250	256	�	�	NOUN
fsr-3933	250	257	0.57	0.57	NUM
fsr-3933	250	258	2,10	2,10	NUM
fsr-3933	250	259	1982	1982	NUM
fsr-3933	250	260	1.31	1.31	NUM
fsr-3933	250	261	10,1	10,1	NUM
fsr-3933	250	262	0.36	0.36	NUM
fsr-3933	250	263	9,0	9,0	NUM
fsr-3933	250	264	�	�	PROPN
fsr-3933	250	265	0.71	0.71	NUM
fsr-3933	250	266	1,7	1,7	NUM
fsr-3933	250	267	0.12	0.12	NUM
fsr-3933	250	268	6,3	6,3	NUM
fsr-3933	250	269	1983	1983	NUM
fsr-3933	250	270	0.59	0.59	NUM
fsr-3933	250	271	8,2	8,2	NUM
fsr-3933	250	272	0.36	0.36	NUM
fsr-3933	250	273	9,2	9,2	NUM
fsr-3933	250	274	�	�	NOUN
fsr-3933	250	275	0.01	0.01	NUM
fsr-3933	250	276	2,3	2,3	NUM
fsr-3933	250	277	0.34	0.34	NUM
fsr-3933	250	278	7,2	7,2	NUM
fsr-3933	250	279	1984	1984	NUM
fsr-3933	250	280	0.27	0.27	NUM
fsr-3933	250	281	2,0	2,0	NUM
fsr-3933	250	282	0.10	0.10	NUM
fsr-3933	250	283	4,1	4,1	NUM
fsr-3933	250	284	�	�	NOUN
fsr-3933	250	285	0.12	0.12	NUM
fsr-3933	250	286	1,2	1,2	NUM
fsr-3933	250	287	0.15	0.15	NUM
fsr-3933	250	288	5,2	5,2	NUM
fsr-3933	250	289	1985	1985	NUM
fsr-3933	250	290	0.62	0.62	NUM
fsr-3933	250	291	9,3	9,3	NUM
fsr-3933	250	292	0.12	0.12	NUM
fsr-3933	250	293	6,3	6,3	NUM
fsr-3933	250	294	�	�	NOUN
fsr-3933	250	295	0.56	0.56	NUM
fsr-3933	250	296	2,7	2,7	NUM
fsr-3933	250	297	0.00	0.00	NUM
fsr-3933	250	298	4,5	4,5	NUM
fsr-3933	250	299	1986	1986	NUM
fsr-3933	250	300	0.56	0.56	NUM
fsr-3933	250	301	7,1	7,1	NUM
fsr-3933	250	302	0.22	0.22	NUM
fsr-3933	250	303	7,1	7,1	NUM
fsr-3933	250	304	�	�	NOUN
fsr-3933	250	305	0.25	0.25	NUM
fsr-3933	250	306	3,5	3,5	NUM
fsr-3933	250	307	0.05	0.05	NUM
fsr-3933	250	308	5,0	5,0	NUM
fsr-3933	250	309	1987	1987	NUM
fsr-3933	250	310	0.55	0.55	NUM
fsr-3933	250	311	6,1	6,1	NUM
fsr-3933	250	312	0.19	0.19	NUM
fsr-3933	250	313	7,1	7,1	NUM
fsr-3933	250	314	�	�	NOUN
fsr-3933	250	315	0.20	0.20	NUM
fsr-3933	250	316	1,4	1,4	NUM
fsr-3933	250	317	0.08	0.08	NUM
fsr-3933	250	318	5,3	5,3	NUM
fsr-3933	250	319	1988	1988	NUM
fsr-3933	250	320	�	�	PROPN
fsr-3933	250	321	0.21	0.21	NUM
fsr-3933	250	322	1,2	1,2	NUM
fsr-3933	250	323	0.03	0.03	NUM
fsr-3933	250	324	4,4	4,4	NUM
fsr-3933	250	325	0.02	0.02	NUM
fsr-3933	250	326	2,2	2,2	NUM
fsr-3933	250	327	0.11	0.11	NUM
fsr-3933	250	328	5,4	5,4	NUM
fsr-3933	250	329	1989	1989	NUM
fsr-3933	250	330	0.27	0.27	NUM
fsr-3933	250	331	5,3	5,3	NUM
fsr-3933	250	332	�	�	NOUN
fsr-3933	250	333	0.06	0.06	NUM
fsr-3933	250	334	5,4	5,4	NUM
fsr-3933	250	335	0.05	0.05	NUM
fsr-3933	250	336	5,4	5,4	NUM
fsr-3933	250	337	�	�	NOUN
fsr-3933	250	338	0.12	0.12	NUM
fsr-3933	250	339	3,8	3,8	NUM
fsr-3933	250	340	1990	1990	NUM
fsr-3933	250	341	0.64	0.64	NUM
fsr-3933	250	342	6,3	6,3	NUM
fsr-3933	250	343	�	�	PROPN
fsr-3933	250	344	0.14	0.14	NUM
fsr-3933	250	345	3,3	3,3	NUM
fsr-3933	250	346	�	�	NOUN
fsr-3933	250	347	0.32	0.32	NUM
fsr-3933	250	348	2,5	2,5	NUM
fsr-3933	250	349	�	�	NOUN
fsr-3933	250	350	0.47	0.47	NUM
fsr-3933	250	351	3,7	3,7	NUM
fsr-3933	250	352	1991	1991	NUM
fsr-3933	250	353	0.75	0.75	NUM
fsr-3933	250	354	6,0	6,0	NUM
fsr-3933	250	355	0.07	0.07	NUM
fsr-3933	250	356	4,3	4,3	NUM
fsr-3933	250	357	�	�	PROPN
fsr-3933	250	358	0.26	0.26	NUM
fsr-3933	250	359	3,3	3,3	NUM
fsr-3933	250	360	�	�	NOUN
fsr-3933	250	361	0.34	0.34	NUM
fsr-3933	250	362	1,7	1,7	NUM
fsr-3933	250	363	1992	1992	NUM
fsr-3933	250	364	0.86	0.86	NUM
fsr-3933	250	365	8,0	8,0	NUM
fsr-3933	250	366	0.13	0.13	NUM
fsr-3933	250	367	7,2	7,2	NUM
fsr-3933	250	368	�	�	NOUN
fsr-3933	250	369	0.40	0.40	NUM
fsr-3933	250	370	1,3	1,3	NUM
fsr-3933	250	371	�	�	PROPN
fsr-3933	250	372	0.24	0.24	NUM
fsr-3933	250	373	3,7	3,7	NUM
fsr-3933	250	374	1993	1993	NUM
fsr-3933	250	375	0.13	0.13	NUM
fsr-3933	250	376	5,2	5,2	NUM
fsr-3933	250	377	�	�	NOUN
fsr-3933	250	378	0.02	0.02	NUM
fsr-3933	250	379	3,4	3,4	NUM
fsr-3933	250	380	�	�	NOUN
fsr-3933	250	381	0.10	0.10	NUM
fsr-3933	250	382	1,1	1,1	NUM
fsr-3933	250	383	0.00	0.00	NUM
fsr-3933	250	384	5,3	5,3	NUM
fsr-3933	250	385	1994	1994	NUM
fsr-3933	250	386	0.11	0.11	NUM
fsr-3933	250	387	2,2	2,2	NUM
fsr-3933	250	388	�	�	PROPN
fsr-3933	250	389	0.14	0.14	NUM
fsr-3933	250	390	3,7	3,7	NUM
fsr-3933	250	391	�	�	PROPN
fsr-3933	250	392	0.18	0.18	NUM
fsr-3933	250	393	1,5	1,5	NUM
fsr-3933	250	394	�	�	PROPN
fsr-3933	250	395	0.37	0.37	NUM
fsr-3933	250	396	3,8	3,8	NUM
fsr-3933	250	397	1995	1995	NUM
fsr-3933	250	398	0.89	0.89	NUM
fsr-3933	250	399	8,3	8,3	NUM
fsr-3933	250	400	0.35	0.35	NUM
fsr-3933	250	401	8,2	8,2	NUM
fsr-3933	250	402	�	�	NOUN
fsr-3933	250	403	0.24	0.24	NUM
fsr-3933	250	404	3,5	3,5	NUM
fsr-3933	250	405	0.27	0.27	NUM
fsr-3933	250	406	8,2	8,2	NUM
fsr-3933	250	407	1996	1996	NUM
fsr-3933	250	408	0.87	0.87	NUM
fsr-3933	250	409	*	*	NUM
fsr-3933	250	410	3,0	3,0	NUM
fsr-3933	250	411	*	*	NOUN
fsr-3933	250	412	0.24	0.24	NUM
fsr-3933	250	413	*	*	SYM
fsr-3933	250	414	3,2	3,2	NUM
fsr-3933	250	415	*	*	PUNCT
fsr-3933	250	416	�	�	PROPN
fsr-3933	250	417	0.62	0.62	NUM
fsr-3933	250	418	*	*	NUM
fsr-3933	250	419	0,3	0,3	NUM
fsr-3933	250	420	*	*	NOUN
fsr-3933	250	421	0.05	0.05	NUM
fsr-3933	250	422	*	*	SYM
fsr-3933	250	423	3,3	3,3	NUM
fsr-3933	250	424	*	*	NOUN
fsr-3933	250	425	the	the	DET
fsr-3933	250	426	years	year	NOUN
fsr-3933	250	427	represent	represent	VERB
fsr-3933	250	428	the	the	DET
fsr-3933	250	429	“	"	PUNCT
fsr-3933	250	430	variable	variable	ADJ
fsr-3933	250	431	”	"	PUNCT
fsr-3933	250	432	formation	formation	NOUN
fsr-3933	250	433	period	period	NOUN
fsr-3933	250	434	from	from	ADP
fsr-3933	250	435	which	which	PRON
fsr-3933	250	436	accounting	accounting	NOUN
fsr-3933	250	437	data	datum	NOUN
fsr-3933	250	438	is	be	AUX
fsr-3933	250	439	drawn	draw	VERB
fsr-3933	250	440	.	.	PUNCT
fsr-3933	251	1	the	the	DET
fsr-3933	251	2	coefficient	coefficient	NOUN
fsr-3933	251	3	means	mean	VERB
fsr-3933	251	4	represent	represent	VERB
fsr-3933	251	5	the	the	DET
fsr-3933	251	6	average	average	ADJ
fsr-3933	251	7	monthly	monthly	ADJ
fsr-3933	251	8	regression	regression	NOUN
fsr-3933	251	9	coefficient	coefficient	NOUN
fsr-3933	251	10	of	of	ADP
fsr-3933	251	11	the	the	DET
fsr-3933	251	12	variable	variable	NOUN
fsr-3933	251	13	regressed	regress	VERB
fsr-3933	251	14	against	against	ADP
fsr-3933	251	15	stock	stock	NOUN
fsr-3933	251	16	return	return	NOUN
fsr-3933	251	17	,	,	PUNCT
fsr-3933	251	18	during	during	ADP
fsr-3933	251	19	the	the	DET
fsr-3933	251	20	period	period	NOUN
fsr-3933	251	21	july	july	PROPN
fsr-3933	251	22	of	of	ADP
fsr-3933	251	23	year	year	NOUN
fsr-3933	251	24	t	t	PROPN
fsr-3933	251	25	�	�	PROPN
fsr-3933	251	26	1	1	NUM
fsr-3933	251	27	to	to	ADP
fsr-3933	251	28	june	june	PROPN
fsr-3933	251	29	of	of	ADP
fsr-3933	251	30	year	year	NOUN
fsr-3933	251	31	t	t	PROPN
fsr-3933	251	32	�	�	PROPN
fsr-3933	251	33	2	2	NUM
fsr-3933	251	34	.	.	X
fsr-3933	252	1	for	for	ADP
fsr-3933	252	2	example	example	NOUN
fsr-3933	252	3	,	,	PUNCT
fsr-3933	252	4	the	the	DET
fsr-3933	252	5	average	average	ADJ
fsr-3933	252	6	negative	negative	ADJ
fsr-3933	252	7	regression	regression	NOUN
fsr-3933	252	8	coefficient	coefficient	NOUN
fsr-3933	252	9	on	on	ADP
fsr-3933	252	10	ln(be	ln(be	PROPN
fsr-3933	252	11	/	/	SYM
fsr-3933	252	12	me	me	PROPN
fsr-3933	252	13	)	)	PUNCT
fsr-3933	252	14	for	for	ADP
fsr-3933	252	15	1978	1978	NUM
fsr-3933	252	16	is	be	AUX
fsr-3933	252	17	for	for	ADP
fsr-3933	252	18	the	the	DET
fsr-3933	252	19	12	12	NUM
fsr-3933	252	20	-	-	PUNCT
fsr-3933	252	21	month	month	NOUN
fsr-3933	252	22	return	return	NOUN
fsr-3933	252	23	period	period	NOUN
fsr-3933	252	24	july	july	PROPN
fsr-3933	252	25	1979	1979	NUM
fsr-3933	252	26	to	to	ADP
fsr-3933	252	27	june	june	PROPN
fsr-3933	252	28	1980	1980	NUM
fsr-3933	252	29	.	.	PUNCT
fsr-3933	253	1	*	*	PUNCT
fsr-3933	253	2	1996	1996	NUM
fsr-3933	253	3	results	result	NOUN
fsr-3933	253	4	are	be	AUX
fsr-3933	253	5	based	base	VERB
fsr-3933	253	6	on	on	ADP
fsr-3933	253	7	returns	return	NOUN
fsr-3933	253	8	from	from	ADP
fsr-3933	253	9	july	july	PROPN
fsr-3933	253	10	1997	1997	NUM
fsr-3933	253	11	to	to	ADP
fsr-3933	253	12	december	december	PROPN
fsr-3933	253	13	1997	1997	NUM
fsr-3933	253	14	only	only	ADV
fsr-3933	253	15	.	.	PUNCT
fsr-3933	254	1	pos	pos	NOUN
fsr-3933	254	2	/	/	SYM
fsr-3933	254	3	neg	neg	PROPN
fsr-3933	254	4	records	record	VERB
fsr-3933	254	5	the	the	DET
fsr-3933	254	6	number	number	NOUN
fsr-3933	254	7	of	of	ADP
fsr-3933	254	8	statistically	statistically	ADV
fsr-3933	254	9	significant	significant	ADJ
fsr-3933	254	10	positive	positive	ADJ
fsr-3933	254	11	and	and	CCONJ
fsr-3933	254	12	negative	negative	ADJ
fsr-3933	254	13	coefficients	coefficient	NOUN
fsr-3933	254	14	respectively	respectively	ADV
fsr-3933	254	15	.	.	PUNCT
fsr-3933	255	1	371r.r	371r.r	NUM
fsr-3933	255	2	.	.	PUNCT
fsr-3933	256	1	trecartin	trecartin	PROPN
fsr-3933	256	2	/	/	SYM
fsr-3933	256	3	financial	financial	ADJ
fsr-3933	256	4	services	service	NOUN
fsr-3933	256	5	review	review	VERB
fsr-3933	256	6	9	9	NUM
fsr-3933	256	7	(	(	PUNCT
fsr-3933	256	8	2000	2000	NUM
fsr-3933	256	9	)	)	PUNCT
fsr-3933	257	1	361–373	361–373	NUM
fsr-3933	257	2	certainty	certainty	VERB
fsr-3933	257	3	that	that	SCONJ
fsr-3933	257	4	the	the	DET
fsr-3933	257	5	historical	historical	ADJ
fsr-3933	257	6	data	datum	NOUN
fsr-3933	257	7	will	will	AUX
fsr-3933	257	8	predict	predict	VERB
fsr-3933	257	9	trends	trend	NOUN
fsr-3933	257	10	that	that	PRON
fsr-3933	257	11	will	will	AUX
fsr-3933	257	12	persist	persist	VERB
fsr-3933	257	13	into	into	ADP
fsr-3933	257	14	the	the	DET
fsr-3933	257	15	future	future	NOUN
fsr-3933	257	16	.	.	PUNCT
fsr-3933	258	1	the	the	DET
fsr-3933	258	2	professional	professional	ADJ
fsr-3933	258	3	investment	investment	NOUN
fsr-3933	258	4	community	community	NOUN
fsr-3933	258	5	may	may	AUX
fsr-3933	258	6	be	be	AUX
fsr-3933	258	7	aware	aware	ADJ
fsr-3933	258	8	of	of	ADP
fsr-3933	258	9	the	the	DET
fsr-3933	258	10	“	"	PUNCT
fsr-3933	258	11	value	value	NOUN
fsr-3933	258	12	”	"	PUNCT
fsr-3933	258	13	effect	effect	NOUN
fsr-3933	258	14	,	,	PUNCT
fsr-3933	258	15	but	but	CCONJ
fsr-3933	258	16	be	be	AUX
fsr-3933	258	17	unwilling	unwilling	ADJ
fsr-3933	258	18	to	to	PART
fsr-3933	258	19	risk	risk	VERB
fsr-3933	258	20	the	the	DET
fsr-3933	258	21	possible	possible	ADJ
fsr-3933	258	22	short	short	ADJ
fsr-3933	258	23	-	-	PUNCT
fsr-3933	258	24	term	term	NOUN
fsr-3933	258	25	underperformance	underperformance	NOUN
fsr-3933	258	26	resident	resident	NOUN
fsr-3933	258	27	in	in	ADP
fsr-3933	258	28	such	such	DET
fsr-3933	258	29	a	a	DET
fsr-3933	258	30	strategy	strategy	NOUN
fsr-3933	258	31	.	.	PUNCT
fsr-3933	259	1	they	they	PRON
fsr-3933	259	2	are	be	AUX
fsr-3933	259	3	more	more	ADV
fsr-3933	259	4	likely	likely	ADJ
fsr-3933	259	5	to	to	PART
fsr-3933	259	6	invest	invest	VERB
fsr-3933	259	7	in	in	ADP
fsr-3933	259	8	securities	security	NOUN
fsr-3933	259	9	more	more	ADV
fsr-3933	259	10	closely	closely	ADV
fsr-3933	259	11	aligned	align	VERB
fsr-3933	259	12	with	with	ADP
fsr-3933	259	13	common	common	ADJ
fsr-3933	259	14	performance	performance	NOUN
fsr-3933	259	15	measurements	measurement	NOUN
fsr-3933	259	16	such	such	ADJ
fsr-3933	259	17	as	as	ADP
fsr-3933	259	18	the	the	DET
fsr-3933	259	19	s&p	s&p	PROPN
fsr-3933	259	20	500	500	NUM
fsr-3933	259	21	index	index	NOUN
fsr-3933	259	22	.	.	PUNCT
fsr-3933	260	1	in	in	ADP
fsr-3933	260	2	this	this	DET
fsr-3933	260	3	study	study	NOUN
fsr-3933	260	4	three	three	NUM
fsr-3933	260	5	questions	question	NOUN
fsr-3933	260	6	were	be	AUX
fsr-3933	260	7	examined	examine	VERB
fsr-3933	260	8	.	.	PUNCT
fsr-3933	261	1	first	first	ADV
fsr-3933	261	2	,	,	PUNCT
fsr-3933	261	3	can	can	AUX
fsr-3933	261	4	the	the	DET
fsr-3933	261	5	long	long	ADJ
fsr-3933	261	6	term	term	NOUN
fsr-3933	261	7	returns	return	NOUN
fsr-3933	261	8	documented	document	VERB
fsr-3933	261	9	in	in	ADP
fsr-3933	261	10	the	the	DET
fsr-3933	261	11	literature	literature	NOUN
fsr-3933	261	12	,	,	PUNCT
fsr-3933	261	13	be	be	AUX
fsr-3933	261	14	consistently	consistently	ADV
fsr-3933	261	15	captured	capture	VERB
fsr-3933	261	16	on	on	ADP
fsr-3933	261	17	a	a	DET
fsr-3933	261	18	short	short	ADJ
fsr-3933	261	19	-	-	PUNCT
fsr-3933	261	20	term	term	NOUN
fsr-3933	261	21	basis	basis	NOUN
fsr-3933	261	22	?	?	PUNCT
fsr-3933	262	1	the	the	DET
fsr-3933	262	2	answer	answer	NOUN
fsr-3933	262	3	is	be	AUX
fsr-3933	262	4	no	no	INTJ
fsr-3933	262	5	,	,	PUNCT
fsr-3933	262	6	not	not	PART
fsr-3933	262	7	on	on	ADP
fsr-3933	262	8	a	a	DET
fsr-3933	262	9	reliable	reliable	ADJ
fsr-3933	262	10	basis	basis	NOUN
fsr-3933	262	11	through	through	ADP
fsr-3933	262	12	time	time	NOUN
fsr-3933	262	13	.	.	PUNCT
fsr-3933	263	1	second	second	ADJ
fsr-3933	263	2	,	,	PUNCT
fsr-3933	263	3	does	do	AUX
fsr-3933	263	4	the	the	DET
fsr-3933	263	5	be	be	AUX
fsr-3933	263	6	/	/	SYM
fsr-3933	263	7	me	i	PRON
fsr-3933	263	8	variable	variable	ADJ
fsr-3933	263	9	do	do	VERB
fsr-3933	263	10	the	the	DET
fsr-3933	263	11	best	good	ADJ
fsr-3933	263	12	job	job	NOUN
fsr-3933	263	13	of	of	ADP
fsr-3933	263	14	predicting	predict	VERB
fsr-3933	263	15	return	return	NOUN
fsr-3933	263	16	,	,	PUNCT
fsr-3933	263	17	or	or	CCONJ
fsr-3933	263	18	are	be	AUX
fsr-3933	263	19	there	there	PRON
fsr-3933	263	20	better	well	ADJ
fsr-3933	263	21	alternative	alternative	ADJ
fsr-3933	263	22	value	value	NOUN
fsr-3933	263	23	/	/	SYM
fsr-3933	263	24	growth	growth	NOUN
fsr-3933	263	25	variables	variable	NOUN
fsr-3933	263	26	?	?	PUNCT
fsr-3933	264	1	although	although	SCONJ
fsr-3933	264	2	be	be	AUX
fsr-3933	264	3	/	/	SYM
fsr-3933	264	4	me	i	PRON
fsr-3933	264	5	is	be	AUX
fsr-3933	264	6	weak	weak	ADJ
fsr-3933	264	7	at	at	ADP
fsr-3933	264	8	times	time	NOUN
fsr-3933	264	9	,	,	PUNCT
fsr-3933	264	10	and	and	CCONJ
fsr-3933	264	11	is	be	AUX
fsr-3933	264	12	positive	positive	ADJ
fsr-3933	264	13	and	and	CCONJ
fsr-3933	264	14	statistically	statistically	ADV
fsr-3933	264	15	significant	significant	ADJ
fsr-3933	264	16	in	in	ADP
fsr-3933	264	17	only	only	ADV
fsr-3933	264	18	43	43	NUM
fsr-3933	264	19	%	%	NOUN
fsr-3933	264	20	of	of	ADP
fsr-3933	264	21	the	the	DET
fsr-3933	264	22	monthly	monthly	ADJ
fsr-3933	264	23	regressions	regression	NOUN
fsr-3933	264	24	,	,	PUNCT
fsr-3933	264	25	the	the	DET
fsr-3933	264	26	be	be	NOUN
fsr-3933	264	27	/	/	SYM
fsr-3933	264	28	me	i	PRON
fsr-3933	264	29	ratio	ratio	NOUN
fsr-3933	264	30	is	be	AUX
fsr-3933	264	31	a	a	DET
fsr-3933	264	32	more	more	ADV
fsr-3933	264	33	consistent	consistent	ADJ
fsr-3933	264	34	predictor	predictor	NOUN
fsr-3933	264	35	of	of	ADP
fsr-3933	264	36	return	return	NOUN
fsr-3933	264	37	than	than	ADP
fsr-3933	264	38	other	other	ADJ
fsr-3933	264	39	competing	compete	VERB
fsr-3933	264	40	value	value	NOUN
fsr-3933	264	41	/	/	SYM
fsr-3933	264	42	growth	growth	NOUN
fsr-3933	264	43	variables	variable	NOUN
fsr-3933	264	44	such	such	ADJ
fsr-3933	264	45	as	as	ADP
fsr-3933	264	46	cash	cash	NOUN
fsr-3933	264	47	flow	flow	NOUN
fsr-3933	264	48	,	,	PUNCT
fsr-3933	264	49	size	size	NOUN
fsr-3933	264	50	,	,	PUNCT
fsr-3933	264	51	and	and	CCONJ
fsr-3933	264	52	sales	sale	NOUN
fsr-3933	264	53	growth	growth	NOUN
fsr-3933	264	54	.	.	PUNCT
fsr-3933	265	1	and	and	CCONJ
fsr-3933	265	2	third	third	ADV
fsr-3933	265	3	,	,	PUNCT
fsr-3933	265	4	when	when	SCONJ
fsr-3933	265	5	the	the	DET
fsr-3933	265	6	results	result	NOUN
fsr-3933	265	7	are	be	AUX
fsr-3933	265	8	known	know	VERB
fsr-3933	265	9	do	do	AUX
fsr-3933	265	10	they	they	PRON
fsr-3933	265	11	support	support	VERB
fsr-3933	265	12	the	the	DET
fsr-3933	265	13	risk	risk	NOUN
fsr-3933	265	14	proxy	proxy	NOUN
fsr-3933	265	15	theory	theory	NOUN
fsr-3933	265	16	or	or	CCONJ
fsr-3933	265	17	the	the	DET
fsr-3933	265	18	investor	investor	NOUN
fsr-3933	265	19	overreaction	overreaction	NOUN
fsr-3933	265	20	explanation	explanation	NOUN
fsr-3933	265	21	?	?	PUNCT
fsr-3933	266	1	because	because	SCONJ
fsr-3933	266	2	the	the	DET
fsr-3933	266	3	be	be	NOUN
fsr-3933	266	4	/	/	SYM
fsr-3933	266	5	me	i	PRON
fsr-3933	266	6	effect	effect	NOUN
fsr-3933	266	7	is	be	AUX
fsr-3933	266	8	not	not	PART
fsr-3933	266	9	reliable	reliable	ADJ
fsr-3933	266	10	over	over	ADP
fsr-3933	266	11	short	short	ADJ
fsr-3933	266	12	horizons	horizon	NOUN
fsr-3933	266	13	an	an	DET
fsr-3933	266	14	argument	argument	NOUN
fsr-3933	266	15	can	can	AUX
fsr-3933	266	16	be	be	AUX
fsr-3933	266	17	made	make	VERB
fsr-3933	266	18	that	that	SCONJ
fsr-3933	266	19	either	either	CCONJ
fsr-3933	266	20	the	the	DET
fsr-3933	266	21	market	market	NOUN
fsr-3933	266	22	is	be	AUX
fsr-3933	266	23	not	not	PART
fsr-3933	266	24	efficient	efficient	ADJ
fsr-3933	266	25	,	,	PUNCT
fsr-3933	266	26	or	or	CCONJ
fsr-3933	266	27	that	that	SCONJ
fsr-3933	266	28	the	the	DET
fsr-3933	266	29	be	be	NOUN
fsr-3933	266	30	/	/	SYM
fsr-3933	266	31	me	i	PRON
fsr-3933	266	32	variable	variable	NOUN
fsr-3933	266	33	is	be	AUX
fsr-3933	266	34	not	not	PART
fsr-3933	266	35	an	an	DET
fsr-3933	266	36	adequate	adequate	ADJ
fsr-3933	266	37	proxy	proxy	NOUN
fsr-3933	266	38	for	for	ADP
fsr-3933	266	39	risk	risk	NOUN
fsr-3933	266	40	.	.	PUNCT
fsr-3933	267	1	one	one	PRON
fsr-3933	267	2	would	would	AUX
fsr-3933	267	3	expect	expect	VERB
fsr-3933	267	4	a	a	DET
fsr-3933	267	5	useful	useful	ADJ
fsr-3933	267	6	risk	risk	NOUN
fsr-3933	267	7	proxy	proxy	NOUN
fsr-3933	267	8	to	to	PART
fsr-3933	267	9	be	be	AUX
fsr-3933	267	10	related	relate	VERB
fsr-3933	267	11	to	to	PART
fsr-3933	267	12	return	return	VERB
fsr-3933	267	13	on	on	ADP
fsr-3933	267	14	a	a	DET
fsr-3933	267	15	reliable	reliable	ADJ
fsr-3933	267	16	basis	basis	NOUN
fsr-3933	267	17	if	if	SCONJ
fsr-3933	267	18	markets	market	NOUN
fsr-3933	267	19	are	be	AUX
fsr-3933	267	20	efficient	efficient	ADJ
fsr-3933	267	21	.	.	PUNCT
fsr-3933	268	1	perhaps	perhaps	ADV
fsr-3933	268	2	there	there	PRON
fsr-3933	268	3	is	be	VERB
fsr-3933	268	4	a	a	DET
fsr-3933	268	5	consistent	consistent	ADJ
fsr-3933	268	6	relationship	relationship	NOUN
fsr-3933	268	7	between	between	ADP
fsr-3933	268	8	true	true	ADJ
fsr-3933	268	9	underlying	underlying	ADJ
fsr-3933	268	10	risk	risk	NOUN
fsr-3933	268	11	and	and	CCONJ
fsr-3933	268	12	return	return	VERB
fsr-3933	268	13	through	through	ADP
fsr-3933	268	14	time	time	NOUN
fsr-3933	268	15	.	.	PUNCT
fsr-3933	269	1	as	as	ADP
fsr-3933	269	2	a	a	DET
fsr-3933	269	3	proxy	proxy	NOUN
fsr-3933	269	4	for	for	ADP
fsr-3933	269	5	risk	risk	NOUN
fsr-3933	269	6	the	the	DET
fsr-3933	269	7	be	be	NOUN
fsr-3933	269	8	/	/	SYM
fsr-3933	269	9	me	i	PRON
fsr-3933	269	10	variable	variable	NOUN
fsr-3933	269	11	does	do	AUX
fsr-3933	269	12	not	not	PART
fsr-3933	269	13	adequately	adequately	ADV
fsr-3933	269	14	predict	predict	VERB
fsr-3933	269	15	return	return	NOUN
fsr-3933	269	16	on	on	ADP
fsr-3933	269	17	a	a	DET
fsr-3933	269	18	consistent	consistent	ADJ
fsr-3933	269	19	basis	basis	NOUN
fsr-3933	269	20	,	,	PUNCT
fsr-3933	269	21	and	and	CCONJ
fsr-3933	269	22	so	so	ADV
fsr-3933	269	23	the	the	DET
fsr-3933	269	24	results	result	NOUN
fsr-3933	269	25	of	of	ADP
fsr-3933	269	26	this	this	DET
fsr-3933	269	27	study	study	NOUN
fsr-3933	269	28	do	do	AUX
fsr-3933	269	29	not	not	PART
fsr-3933	269	30	provide	provide	VERB
fsr-3933	269	31	support	support	NOUN
fsr-3933	269	32	for	for	ADP
fsr-3933	269	33	the	the	DET
fsr-3933	269	34	risk	risk	NOUN
fsr-3933	269	35	proxy	proxy	NOUN
fsr-3933	269	36	theory	theory	NOUN
fsr-3933	269	37	.	.	PUNCT
fsr-3933	270	1	rather	rather	ADV
fsr-3933	270	2	,	,	PUNCT
fsr-3933	270	3	it	it	PRON
fsr-3933	270	4	is	be	AUX
fsr-3933	270	5	plausible	plausible	ADJ
fsr-3933	270	6	that	that	SCONJ
fsr-3933	270	7	some	some	DET
fsr-3933	270	8	investor	investor	NOUN
fsr-3933	270	9	overreaction	overreaction	NOUN
fsr-3933	270	10	is	be	AUX
fsr-3933	270	11	behind	behind	ADP
fsr-3933	270	12	the	the	DET
fsr-3933	270	13	positive	positive	ADJ
fsr-3933	270	14	but	but	CCONJ
fsr-3933	270	15	variable	variable	ADJ
fsr-3933	270	16	returns	return	NOUN
fsr-3933	270	17	derived	derive	VERB
fsr-3933	270	18	from	from	ADP
fsr-3933	270	19	the	the	DET
fsr-3933	270	20	value	value	NOUN
fsr-3933	270	21	effect	effect	NOUN
fsr-3933	270	22	.	.	PUNCT
fsr-3933	271	1	investing	investing	NOUN
fsr-3933	271	2	fads	fad	NOUN
fsr-3933	271	3	(	(	PUNCT
fsr-3933	271	4	value	value	NOUN
fsr-3933	271	5	style	style	NOUN
fsr-3933	271	6	or	or	CCONJ
fsr-3933	271	7	growth	growth	NOUN
fsr-3933	271	8	style	style	NOUN
fsr-3933	271	9	)	)	PUNCT
fsr-3933	271	10	can	can	AUX
fsr-3933	271	11	be	be	AUX
fsr-3933	271	12	expected	expect	VERB
fsr-3933	271	13	to	to	PART
fsr-3933	271	14	come	come	VERB
fsr-3933	271	15	in	in	ADV
fsr-3933	271	16	and	and	CCONJ
fsr-3933	271	17	out	out	ADP
fsr-3933	271	18	of	of	ADP
fsr-3933	271	19	favor	favor	NOUN
fsr-3933	271	20	with	with	ADP
fsr-3933	271	21	investors	investor	NOUN
fsr-3933	271	22	.	.	PUNCT
fsr-3933	272	1	an	an	DET
fsr-3933	272	2	investor	investor	NOUN
fsr-3933	272	3	overreaction	overreaction	NOUN
fsr-3933	272	4	story	story	NOUN
fsr-3933	272	5	would	would	AUX
fsr-3933	272	6	help	help	VERB
fsr-3933	272	7	explain	explain	VERB
fsr-3933	272	8	why	why	SCONJ
fsr-3933	272	9	the	the	DET
fsr-3933	272	10	effect	effect	NOUN
fsr-3933	272	11	is	be	AUX
fsr-3933	272	12	stronger	strong	ADJ
fsr-3933	272	13	during	during	ADP
fsr-3933	272	14	some	some	DET
fsr-3933	272	15	time	time	NOUN
fsr-3933	272	16	periods	period	NOUN
fsr-3933	272	17	than	than	ADP
fsr-3933	272	18	others	other	NOUN
fsr-3933	272	19	.	.	PUNCT
fsr-3933	273	1	references	reference	NOUN
fsr-3933	273	2	anthony	anthony	PROPN
fsr-3933	273	3	,	,	PUNCT
fsr-3933	273	4	j.	j.	PROPN
fsr-3933	273	5	h.	h.	PROPN
fsr-3933	273	6	,	,	PUNCT
fsr-3933	273	7	&	&	CCONJ
fsr-3933	273	8	ramesh	ramesh	PROPN
fsr-3933	273	9	,	,	PUNCT
fsr-3933	273	10	k.	k.	PROPN
fsr-3933	273	11	(	(	PUNCT
fsr-3933	273	12	1992	1992	NUM
fsr-3933	273	13	)	)	PUNCT
fsr-3933	273	14	.	.	PUNCT
fsr-3933	274	1	association	association	NOUN
fsr-3933	274	2	between	between	ADP
fsr-3933	274	3	accounting	accounting	NOUN
fsr-3933	274	4	performance	performance	NOUN
fsr-3933	274	5	measures	measure	NOUN
fsr-3933	274	6	and	and	CCONJ
fsr-3933	274	7	stock	stock	NOUN
fsr-3933	274	8	prices	price	NOUN
fsr-3933	274	9	.	.	PUNCT
fsr-3933	275	1	journal	journal	NOUN
fsr-3933	275	2	of	of	ADP
fsr-3933	275	3	accounting	accounting	NOUN
fsr-3933	275	4	and	and	CCONJ
fsr-3933	275	5	economics	economic	NOUN
fsr-3933	275	6	,	,	PUNCT
fsr-3933	275	7	15	15	NUM
fsr-3933	275	8	,	,	PUNCT
fsr-3933	275	9	203–227	203–227	NUM
fsr-3933	275	10	.	.	PUNCT
fsr-3933	276	1	capaul	capaul	PROPN
fsr-3933	276	2	,	,	PUNCT
fsr-3933	276	3	c.	c.	PROPN
fsr-3933	276	4	,	,	PUNCT
fsr-3933	276	5	rowley	rowley	NOUN
fsr-3933	276	6	,	,	PUNCT
fsr-3933	276	7	i.	i.	PROPN
fsr-3933	276	8	,	,	PUNCT
fsr-3933	276	9	&	&	CCONJ
fsr-3933	276	10	sharpe	sharpe	PROPN
fsr-3933	276	11	,	,	PUNCT
fsr-3933	276	12	w.	w.	PROPN
fsr-3933	276	13	f.	f.	PROPN
fsr-3933	276	14	(	(	PUNCT
fsr-3933	276	15	1993	1993	NUM
fsr-3933	276	16	)	)	PUNCT
fsr-3933	276	17	.	.	PUNCT
fsr-3933	277	1	international	international	ADJ
fsr-3933	277	2	value	value	NOUN
fsr-3933	277	3	and	and	CCONJ
fsr-3933	277	4	growth	growth	NOUN
fsr-3933	277	5	stock	stock	NOUN
fsr-3933	277	6	returns	return	NOUN
fsr-3933	277	7	.	.	PUNCT
fsr-3933	278	1	financial	financial	ADJ
fsr-3933	278	2	analysts	analyst	NOUN
fsr-3933	278	3	journal	journal	NOUN
fsr-3933	278	4	,	,	PUNCT
fsr-3933	278	5	(	(	PUNCT
fsr-3933	278	6	january	january	PROPN
fsr-3933	278	7	/	/	SYM
fsr-3933	278	8	february	february	PROPN
fsr-3933	278	9	)	)	PUNCT
fsr-3933	278	10	,	,	PUNCT
fsr-3933	278	11	27–36	27–36	NUM
fsr-3933	278	12	.	.	PUNCT
fsr-3933	279	1	chan	chan	PROPN
fsr-3933	279	2	,	,	PUNCT
fsr-3933	279	3	l.	l.	PROPN
fsr-3933	279	4	k.	k.	PROPN
fsr-3933	279	5	,	,	PUNCT
fsr-3933	279	6	hamao	hamao	PROPN
fsr-3933	279	7	,	,	PUNCT
fsr-3933	279	8	y.	y.	PROPN
fsr-3933	279	9	,	,	PUNCT
fsr-3933	279	10	&	&	CCONJ
fsr-3933	279	11	lakonishok	lakonishok	PROPN
fsr-3933	279	12	,	,	PUNCT
fsr-3933	279	13	j.	j.	PROPN
fsr-3933	279	14	(	(	PUNCT
fsr-3933	279	15	1991	1991	NUM
fsr-3933	279	16	)	)	PUNCT
fsr-3933	279	17	.	.	PUNCT
fsr-3933	280	1	fundamentals	fundamental	NOUN
fsr-3933	280	2	and	and	CCONJ
fsr-3933	280	3	stock	stock	NOUN
fsr-3933	280	4	returns	return	NOUN
fsr-3933	280	5	in	in	ADP
fsr-3933	280	6	japan	japan	PROPN
fsr-3933	280	7	.	.	PUNCT
fsr-3933	281	1	the	the	DET
fsr-3933	281	2	journal	journal	PROPN
fsr-3933	281	3	of	of	ADP
fsr-3933	281	4	finance	finance	NOUN
fsr-3933	281	5	,	,	PUNCT
fsr-3933	281	6	46	46	NUM
fsr-3933	281	7	,	,	PUNCT
fsr-3933	281	8	1739–1789	1739–1789	NUM
fsr-3933	281	9	.	.	PUNCT
fsr-3933	282	1	chan	chan	PROPN
fsr-3933	282	2	,	,	PUNCT
fsr-3933	282	3	l.	l.	PROPN
fsr-3933	282	4	k.	k.	PROPN
fsr-3933	282	5	,	,	PUNCT
fsr-3933	282	6	hamao	hamao	PROPN
fsr-3933	282	7	,	,	PUNCT
fsr-3933	282	8	y.	y.	PROPN
fsr-3933	282	9	,	,	PUNCT
fsr-3933	282	10	&	&	CCONJ
fsr-3933	282	11	lakonishok	lakonishok	PROPN
fsr-3933	282	12	,	,	PUNCT
fsr-3933	282	13	j.	j.	PROPN
fsr-3933	282	14	(	(	PUNCT
fsr-3933	282	15	1993	1993	NUM
fsr-3933	282	16	)	)	PUNCT
fsr-3933	282	17	.	.	PUNCT
fsr-3933	283	1	can	can	AUX
fsr-3933	283	2	fundamentals	fundamental	NOUN
fsr-3933	283	3	predict	predict	VERB
fsr-3933	283	4	japanese	japanese	ADJ
fsr-3933	283	5	stock	stock	NOUN
fsr-3933	283	6	returns	return	NOUN
fsr-3933	283	7	?	?	PUNCT
fsr-3933	284	1	financial	financial	ADJ
fsr-3933	284	2	analysts	analyst	NOUN
fsr-3933	284	3	journal	journal	NOUN
fsr-3933	284	4	,	,	PUNCT
fsr-3933	284	5	(	(	PUNCT
fsr-3933	284	6	july	july	PROPN
fsr-3933	284	7	-	-	PUNCT
fsr-3933	284	8	august	august	PROPN
fsr-3933	284	9	)	)	PUNCT
fsr-3933	284	10	,	,	PUNCT
fsr-3933	284	11	63–69	63–69	NUM
fsr-3933	284	12	.	.	PUNCT
fsr-3933	285	1	chan	chan	PROPN
fsr-3933	285	2	,	,	PUNCT
fsr-3933	285	3	l.	l.	PROPN
fsr-3933	285	4	k.	k.	PROPN
fsr-3933	285	5	,	,	PUNCT
fsr-3933	285	6	karceski	karceski	PROPN
fsr-3933	285	7	,	,	PUNCT
fsr-3933	285	8	j.	j.	PROPN
fsr-3933	285	9	,	,	PUNCT
fsr-3933	285	10	&	&	CCONJ
fsr-3933	285	11	lakonishok	lakonishok	PROPN
fsr-3933	285	12	,	,	PUNCT
fsr-3933	285	13	j.	j.	PROPN
fsr-3933	285	14	(	(	PUNCT
fsr-3933	285	15	1998	1998	NUM
fsr-3933	285	16	)	)	PUNCT
fsr-3933	285	17	.	.	PUNCT
fsr-3933	286	1	the	the	DET
fsr-3933	286	2	risk	risk	NOUN
fsr-3933	286	3	and	and	CCONJ
fsr-3933	286	4	return	return	VERB
fsr-3933	286	5	from	from	ADP
fsr-3933	286	6	factors	factor	NOUN
fsr-3933	286	7	.	.	PUNCT
fsr-3933	287	1	journal	journal	NOUN
fsr-3933	287	2	of	of	ADP
fsr-3933	287	3	financial	financial	ADJ
fsr-3933	287	4	and	and	CCONJ
fsr-3933	287	5	quantitative	quantitative	ADJ
fsr-3933	287	6	analysis	analysis	NOUN
fsr-3933	287	7	,	,	PUNCT
fsr-3933	287	8	33(2	33(2	NUM
fsr-3933	287	9	)	)	PUNCT
fsr-3933	287	10	,	,	PUNCT
fsr-3933	287	11	159–188	159–188	NUM
fsr-3933	287	12	.	.	PUNCT
fsr-3933	288	1	daniel	daniel	PROPN
fsr-3933	288	2	,	,	PUNCT
fsr-3933	288	3	k.	k.	PROPN
fsr-3933	288	4	,	,	PUNCT
fsr-3933	288	5	&	&	CCONJ
fsr-3933	288	6	titman	titman	PROPN
fsr-3933	288	7	,	,	PUNCT
fsr-3933	288	8	s.	s.	PROPN
fsr-3933	288	9	(	(	PUNCT
fsr-3933	288	10	1997	1997	NUM
fsr-3933	288	11	)	)	PUNCT
fsr-3933	288	12	.	.	PUNCT
fsr-3933	289	1	evidence	evidence	NOUN
fsr-3933	289	2	on	on	ADP
fsr-3933	289	3	the	the	DET
fsr-3933	289	4	characteristics	characteristic	NOUN
fsr-3933	289	5	of	of	ADP
fsr-3933	289	6	cross	cross	ADJ
fsr-3933	289	7	sectional	sectional	ADJ
fsr-3933	289	8	variation	variation	NOUN
fsr-3933	289	9	in	in	ADP
fsr-3933	289	10	stock	stock	NOUN
fsr-3933	289	11	returns	return	NOUN
fsr-3933	289	12	.	.	PUNCT
fsr-3933	290	1	the	the	DET
fsr-3933	290	2	journal	journal	NOUN
fsr-3933	290	3	of	of	ADP
fsr-3933	290	4	finance	finance	NOUN
fsr-3933	290	5	,	,	PUNCT
fsr-3933	290	6	52(1	52(1	NOUN
fsr-3933	290	7	)	)	PUNCT
fsr-3933	290	8	,	,	PUNCT
fsr-3933	290	9	1–33	1–33	PROPN
fsr-3933	290	10	.	.	PUNCT
fsr-3933	291	1	davis	davis	PROPN
fsr-3933	291	2	,	,	PUNCT
fsr-3933	291	3	j.	j.	PROPN
fsr-3933	291	4	l.	l.	PROPN
fsr-3933	291	5	(	(	PUNCT
fsr-3933	291	6	1994	1994	NUM
fsr-3933	291	7	)	)	PUNCT
fsr-3933	291	8	.	.	PUNCT
fsr-3933	292	1	the	the	DET
fsr-3933	292	2	cross	cross	NOUN
fsr-3933	292	3	-	-	NOUN
fsr-3933	292	4	section	section	NOUN
fsr-3933	292	5	of	of	ADP
fsr-3933	292	6	realized	realize	VERB
fsr-3933	292	7	stock	stock	NOUN
fsr-3933	292	8	returns	return	NOUN
fsr-3933	292	9	:	:	PUNCT
fsr-3933	292	10	the	the	DET
fsr-3933	292	11	pre	pre	ADJ
fsr-3933	292	12	-	-	ADJ
fsr-3933	292	13	compustat	compustat	ADJ
fsr-3933	292	14	evidence	evidence	NOUN
fsr-3933	292	15	.	.	PUNCT
fsr-3933	293	1	the	the	DET
fsr-3933	293	2	journal	journal	PROPN
fsr-3933	293	3	of	of	ADP
fsr-3933	293	4	finance	finance	NOUN
fsr-3933	293	5	,	,	PUNCT
fsr-3933	293	6	49	49	NUM
fsr-3933	293	7	,	,	PUNCT
fsr-3933	293	8	1579–1593	1579–1593	NUM
fsr-3933	293	9	.	.	PUNCT
fsr-3933	294	1	dechow	dechow	ADJ
fsr-3933	294	2	,	,	PUNCT
fsr-3933	294	3	p.	p.	NOUN
fsr-3933	294	4	m.	m.	NOUN
fsr-3933	294	5	,	,	PUNCT
fsr-3933	294	6	&	&	CCONJ
fsr-3933	294	7	sloan	sloan	PROPN
fsr-3933	294	8	,	,	PUNCT
fsr-3933	294	9	r.	r.	PROPN
fsr-3933	294	10	g.	g.	PROPN
fsr-3933	294	11	(	(	PUNCT
fsr-3933	294	12	1997	1997	NUM
fsr-3933	294	13	)	)	PUNCT
fsr-3933	294	14	.	.	PUNCT
fsr-3933	295	1	returns	return	NOUN
fsr-3933	295	2	to	to	ADP
fsr-3933	295	3	contrarian	contrarian	ADJ
fsr-3933	295	4	investment	investment	NOUN
fsr-3933	295	5	strategies	strategy	NOUN
fsr-3933	295	6	:	:	PUNCT
fsr-3933	295	7	tests	test	NOUN
fsr-3933	295	8	of	of	ADP
fsr-3933	295	9	naı̈ve	naı̈ve	ADJ
fsr-3933	295	10	expectations	expectation	NOUN
fsr-3933	295	11	hypotheses	hypothesis	NOUN
fsr-3933	295	12	.	.	PUNCT
fsr-3933	296	1	journal	journal	NOUN
fsr-3933	296	2	of	of	ADP
fsr-3933	296	3	financial	financial	ADJ
fsr-3933	296	4	economics	economic	NOUN
fsr-3933	296	5	,	,	PUNCT
fsr-3933	296	6	43	43	NUM
fsr-3933	296	7	,	,	PUNCT
fsr-3933	296	8	3–27	3–27	NOUN
fsr-3933	296	9	.	.	PUNCT
fsr-3933	297	1	dhatt	dhatt	ADJ
fsr-3933	297	2	,	,	PUNCT
fsr-3933	297	3	m.	m.	NOUN
fsr-3933	297	4	s.	s.	PROPN
fsr-3933	297	5	,	,	PUNCT
fsr-3933	297	6	kim	kim	PROPN
fsr-3933	297	7	,	,	PUNCT
fsr-3933	297	8	y.	y.	PROPN
fsr-3933	297	9	h.	h.	PROPN
fsr-3933	297	10	,	,	PUNCT
fsr-3933	297	11	&	&	CCONJ
fsr-3933	297	12	mukherji	mukherji	PROPN
fsr-3933	297	13	,	,	PUNCT
fsr-3933	297	14	s.	s.	PROPN
fsr-3933	297	15	(	(	PUNCT
fsr-3933	297	16	1999	1999	NUM
fsr-3933	297	17	)	)	PUNCT
fsr-3933	297	18	.	.	PUNCT
fsr-3933	298	1	the	the	DET
fsr-3933	298	2	value	value	NOUN
fsr-3933	298	3	premium	premium	NOUN
fsr-3933	298	4	for	for	ADP
fsr-3933	298	5	small	small	ADJ
fsr-3933	298	6	-	-	PUNCT
fsr-3933	298	7	capitalization	capitalization	NOUN
fsr-3933	298	8	stocks	stock	NOUN
fsr-3933	298	9	.	.	PUNCT
fsr-3933	299	1	financial	financial	ADJ
fsr-3933	299	2	analysts	analyst	NOUN
fsr-3933	299	3	journal	journal	NOUN
fsr-3933	299	4	,	,	PUNCT
fsr-3933	299	5	55(5	55(5	PROPN
fsr-3933	299	6	)	)	PUNCT
fsr-3933	299	7	,	,	PUNCT
fsr-3933	299	8	60–68	60–68	PROPN
fsr-3933	299	9	.	.	PUNCT
fsr-3933	299	10	fama	fama	PROPN
fsr-3933	299	11	,	,	PUNCT
fsr-3933	299	12	e.	e.	PROPN
fsr-3933	299	13	f.	f.	PROPN
fsr-3933	299	14	,	,	PUNCT
fsr-3933	299	15	&	&	CCONJ
fsr-3933	299	16	french	french	PROPN
fsr-3933	299	17	,	,	PUNCT
fsr-3933	299	18	k.	k.	PROPN
fsr-3933	299	19	r.	r.	PROPN
fsr-3933	299	20	(	(	PUNCT
fsr-3933	299	21	1992	1992	NUM
fsr-3933	299	22	)	)	PUNCT
fsr-3933	299	23	.	.	PUNCT
fsr-3933	300	1	the	the	DET
fsr-3933	300	2	cross	cross	NOUN
fsr-3933	300	3	-	-	NOUN
fsr-3933	300	4	section	section	NOUN
fsr-3933	300	5	of	of	ADP
fsr-3933	300	6	expected	expect	VERB
fsr-3933	300	7	stock	stock	NOUN
fsr-3933	300	8	returns	return	NOUN
fsr-3933	300	9	.	.	PUNCT
fsr-3933	301	1	the	the	DET
fsr-3933	301	2	journal	journal	PROPN
fsr-3933	301	3	of	of	ADP
fsr-3933	301	4	finance	finance	NOUN
fsr-3933	301	5	,	,	PUNCT
fsr-3933	301	6	47	47	NUM
fsr-3933	301	7	,	,	PUNCT
fsr-3933	301	8	427–465	427–465	NUM
fsr-3933	301	9	.	.	PUNCT
fsr-3933	302	1	372	372	NUM
fsr-3933	302	2	r.r	r.r	PROPN
fsr-3933	302	3	.	.	PROPN
fsr-3933	302	4	trecartin	trecartin	PROPN
fsr-3933	302	5	/	/	SYM
fsr-3933	302	6	financial	financial	ADJ
fsr-3933	302	7	services	service	NOUN
fsr-3933	302	8	review	review	VERB
fsr-3933	302	9	9	9	NUM
fsr-3933	302	10	(	(	PUNCT
fsr-3933	302	11	2000	2000	NUM
fsr-3933	302	12	)	)	PUNCT
fsr-3933	303	1	361–373	361–373	NUM
fsr-3933	303	2	fama	fama	NOUN
fsr-3933	303	3	,	,	PUNCT
fsr-3933	303	4	e.	e.	PROPN
fsr-3933	303	5	f.	f.	PROPN
fsr-3933	303	6	,	,	PUNCT
fsr-3933	303	7	&	&	CCONJ
fsr-3933	303	8	french	french	PROPN
fsr-3933	303	9	,	,	PUNCT
fsr-3933	303	10	k.	k.	PROPN
fsr-3933	303	11	r.	r.	PROPN
fsr-3933	303	12	(	(	PUNCT
fsr-3933	303	13	1993	1993	NUM
fsr-3933	303	14	)	)	PUNCT
fsr-3933	303	15	.	.	PUNCT
fsr-3933	304	1	common	common	ADJ
fsr-3933	304	2	risk	risk	NOUN
fsr-3933	304	3	factors	factor	NOUN
fsr-3933	304	4	in	in	ADP
fsr-3933	304	5	the	the	DET
fsr-3933	304	6	returns	return	NOUN
fsr-3933	304	7	on	on	ADP
fsr-3933	304	8	stocks	stock	NOUN
fsr-3933	304	9	and	and	CCONJ
fsr-3933	304	10	bonds	bond	NOUN
fsr-3933	304	11	.	.	PUNCT
fsr-3933	305	1	journal	journal	NOUN
fsr-3933	305	2	of	of	ADP
fsr-3933	305	3	financial	financial	ADJ
fsr-3933	305	4	economics	economic	NOUN
fsr-3933	305	5	,	,	PUNCT
fsr-3933	305	6	33	33	NUM
fsr-3933	305	7	,	,	PUNCT
fsr-3933	305	8	3–56	3–56	NUM
fsr-3933	305	9	.	.	PUNCT
fsr-3933	306	1	fama	fama	PROPN
fsr-3933	306	2	,	,	PUNCT
fsr-3933	306	3	e.	e.	PROPN
fsr-3933	306	4	f.	f.	PROPN
fsr-3933	306	5	,	,	PUNCT
fsr-3933	306	6	&	&	CCONJ
fsr-3933	306	7	french	french	PROPN
fsr-3933	306	8	,	,	PUNCT
fsr-3933	306	9	k.	k.	PROPN
fsr-3933	306	10	r.	r.	PROPN
fsr-3933	306	11	(	(	PUNCT
fsr-3933	306	12	1995	1995	NUM
fsr-3933	306	13	)	)	PUNCT
fsr-3933	306	14	.	.	PUNCT
fsr-3933	307	1	size	size	NOUN
fsr-3933	307	2	and	and	CCONJ
fsr-3933	307	3	book	book	NOUN
fsr-3933	307	4	-	-	PUNCT
fsr-3933	307	5	to	to	ADP
fsr-3933	307	6	-	-	PUNCT
fsr-3933	307	7	market	market	NOUN
fsr-3933	307	8	factors	factor	NOUN
fsr-3933	307	9	in	in	ADP
fsr-3933	307	10	earnings	earning	NOUN
fsr-3933	307	11	and	and	CCONJ
fsr-3933	307	12	returns	return	NOUN
fsr-3933	307	13	.	.	PUNCT
fsr-3933	308	1	the	the	DET
fsr-3933	308	2	journal	journal	PROPN
fsr-3933	308	3	of	of	ADP
fsr-3933	308	4	finance	finance	NOUN
fsr-3933	308	5	,	,	PUNCT
fsr-3933	308	6	50	50	NUM
fsr-3933	308	7	,	,	PUNCT
fsr-3933	308	8	131–155	131–155	NUM
fsr-3933	308	9	.	.	PUNCT
fsr-3933	309	1	haugen	haugen	PROPN
fsr-3933	309	2	,	,	PUNCT
fsr-3933	309	3	r.	r.	PROPN
fsr-3933	309	4	a.	a.	PROPN
fsr-3933	309	5	,	,	PUNCT
fsr-3933	309	6	&	&	CCONJ
fsr-3933	309	7	baker	baker	PROPN
fsr-3933	309	8	,	,	PUNCT
fsr-3933	309	9	n.	n.	PROPN
fsr-3933	309	10	l.	l.	PROPN
fsr-3933	309	11	(	(	PUNCT
fsr-3933	309	12	1996	1996	NUM
fsr-3933	309	13	)	)	PUNCT
fsr-3933	309	14	.	.	PUNCT
fsr-3933	310	1	commonality	commonality	NOUN
fsr-3933	310	2	in	in	ADP
fsr-3933	310	3	the	the	DET
fsr-3933	310	4	determinants	determinant	NOUN
fsr-3933	310	5	of	of	ADP
fsr-3933	310	6	expected	expect	VERB
fsr-3933	310	7	stock	stock	NOUN
fsr-3933	310	8	returns	return	NOUN
fsr-3933	310	9	.	.	PUNCT
fsr-3933	311	1	journal	journal	NOUN
fsr-3933	311	2	of	of	ADP
fsr-3933	311	3	financial	financial	ADJ
fsr-3933	311	4	economics	economic	NOUN
fsr-3933	311	5	,	,	PUNCT
fsr-3933	311	6	41	41	NUM
fsr-3933	311	7	,	,	PUNCT
fsr-3933	311	8	401–439	401–439	NUM
fsr-3933	311	9	.	.	PUNCT
fsr-3933	312	1	haugen	haugen	PROPN
fsr-3933	312	2	,	,	PUNCT
fsr-3933	312	3	r.	r.	PROPN
fsr-3933	312	4	a.	a.	PROPN
fsr-3933	312	5	(	(	PUNCT
fsr-3933	312	6	1995	1995	NUM
fsr-3933	312	7	)	)	PUNCT
fsr-3933	312	8	.	.	PUNCT
fsr-3933	313	1	the	the	DET
fsr-3933	313	2	new	new	ADJ
fsr-3933	313	3	finance	finance	NOUN
fsr-3933	313	4	:	:	PUNCT
fsr-3933	313	5	the	the	DET
fsr-3933	313	6	case	case	NOUN
fsr-3933	313	7	against	against	ADP
fsr-3933	313	8	efficient	efficient	ADJ
fsr-3933	313	9	markets	market	NOUN
fsr-3933	313	10	.	.	PUNCT
fsr-3933	314	1	englewood	englewood	PROPN
fsr-3933	314	2	cliffs	cliffs	PROPN
fsr-3933	314	3	,	,	PUNCT
fsr-3933	314	4	new	new	PROPN
fsr-3933	314	5	jersey	jersey	PROPN
fsr-3933	314	6	:	:	PUNCT
fsr-3933	314	7	prentice	prentice	NOUN
fsr-3933	314	8	-	-	PUNCT
fsr-3933	314	9	hall	hall	NOUN
fsr-3933	314	10	.	.	PUNCT
fsr-3933	315	1	lakonishok	lakonishok	PROPN
fsr-3933	315	2	,	,	PUNCT
fsr-3933	315	3	j.	j.	PROPN
fsr-3933	315	4	,	,	PUNCT
fsr-3933	315	5	shleifer	shleifer	PROPN
fsr-3933	315	6	,	,	PUNCT
fsr-3933	315	7	a.	a.	PROPN
fsr-3933	315	8	,	,	PUNCT
fsr-3933	315	9	&	&	CCONJ
fsr-3933	315	10	vishny	vishny	PROPN
fsr-3933	315	11	,	,	PUNCT
fsr-3933	315	12	r.	r.	PROPN
fsr-3933	315	13	w.	w.	PROPN
fsr-3933	315	14	(	(	PUNCT
fsr-3933	315	15	1994	1994	NUM
fsr-3933	315	16	)	)	PUNCT
fsr-3933	315	17	.	.	PUNCT
fsr-3933	316	1	contrarian	contrarian	ADJ
fsr-3933	316	2	investment	investment	NOUN
fsr-3933	316	3	extrapolation	extrapolation	NOUN
fsr-3933	316	4	,	,	PUNCT
fsr-3933	316	5	and	and	CCONJ
fsr-3933	316	6	risk	risk	NOUN
fsr-3933	316	7	.	.	PUNCT
fsr-3933	317	1	the	the	DET
fsr-3933	317	2	journal	journal	PROPN
fsr-3933	317	3	of	of	ADP
fsr-3933	317	4	finance	finance	NOUN
fsr-3933	317	5	,	,	PUNCT
fsr-3933	317	6	49	49	NUM
fsr-3933	317	7	,	,	PUNCT
fsr-3933	317	8	1541–1578	1541–1578	NUM
fsr-3933	317	9	.	.	PUNCT
fsr-3933	318	1	la	la	PROPN
fsr-3933	318	2	porta	porta	PROPN
fsr-3933	318	3	,	,	PUNCT
fsr-3933	318	4	r.	r.	PROPN
fsr-3933	318	5	,	,	PUNCT
fsr-3933	318	6	lakonishok	lakonishok	PROPN
fsr-3933	318	7	,	,	PUNCT
fsr-3933	318	8	j.	j.	PROPN
fsr-3933	318	9	,	,	PUNCT
fsr-3933	318	10	shleifer	shleifer	PROPN
fsr-3933	318	11	,	,	PUNCT
fsr-3933	318	12	a.	a.	PROPN
fsr-3933	318	13	,	,	PUNCT
fsr-3933	318	14	&	&	CCONJ
fsr-3933	318	15	vishny	vishny	PROPN
fsr-3933	318	16	,	,	PUNCT
fsr-3933	318	17	r.	r.	PROPN
fsr-3933	318	18	(	(	PUNCT
fsr-3933	318	19	1997	1997	NUM
fsr-3933	318	20	)	)	PUNCT
fsr-3933	318	21	.	.	PUNCT
fsr-3933	319	1	good	good	ADJ
fsr-3933	319	2	news	news	PROPN
fsr-3933	319	3	for	for	ADP
fsr-3933	319	4	value	value	NOUN
fsr-3933	319	5	stocks	stock	NOUN
fsr-3933	319	6	:	:	PUNCT
fsr-3933	319	7	further	further	ADJ
fsr-3933	319	8	evidence	evidence	NOUN
fsr-3933	319	9	on	on	ADP
fsr-3933	319	10	market	market	NOUN
fsr-3933	319	11	efficiency	efficiency	NOUN
fsr-3933	319	12	.	.	PUNCT
fsr-3933	320	1	the	the	DET
fsr-3933	320	2	journal	journal	PROPN
fsr-3933	320	3	of	of	ADP
fsr-3933	320	4	finance	finance	NOUN
fsr-3933	320	5	,	,	PUNCT
fsr-3933	320	6	52(2	52(2	NUM
fsr-3933	320	7	)	)	PUNCT
fsr-3933	320	8	,	,	PUNCT
fsr-3933	320	9	859–874	859–874	NUM
fsr-3933	320	10	.	.	PUNCT
fsr-3933	321	1	loughran	loughran	NOUN
fsr-3933	321	2	,	,	PUNCT
fsr-3933	321	3	t.	t.	PROPN
fsr-3933	321	4	(	(	PUNCT
fsr-3933	321	5	1997	1997	NUM
fsr-3933	321	6	)	)	PUNCT
fsr-3933	321	7	.	.	PUNCT
fsr-3933	322	1	book	book	NOUN
fsr-3933	322	2	-	-	PUNCT
fsr-3933	322	3	to	to	ADP
fsr-3933	322	4	-	-	PUNCT
fsr-3933	322	5	market	market	NOUN
fsr-3933	322	6	across	across	ADP
fsr-3933	322	7	firm	firm	ADJ
fsr-3933	322	8	size	size	NOUN
fsr-3933	322	9	,	,	PUNCT
fsr-3933	322	10	exchange	exchange	NOUN
fsr-3933	322	11	,	,	PUNCT
fsr-3933	322	12	and	and	CCONJ
fsr-3933	322	13	seasonality	seasonality	NOUN
fsr-3933	322	14	:	:	PUNCT
fsr-3933	322	15	is	be	AUX
fsr-3933	322	16	there	there	ADV
fsr-3933	322	17	and	and	CCONJ
fsr-3933	322	18	effect	effect	VERB
fsr-3933	322	19	?	?	PUNCT
fsr-3933	323	1	journal	journal	NOUN
fsr-3933	323	2	of	of	ADP
fsr-3933	323	3	financial	financial	ADJ
fsr-3933	323	4	and	and	CCONJ
fsr-3933	323	5	quantitative	quantitative	ADJ
fsr-3933	323	6	analysis	analysis	NOUN
fsr-3933	323	7	,	,	PUNCT
fsr-3933	323	8	32(3	32(3	NUM
fsr-3933	323	9	)	)	PUNCT
fsr-3933	323	10	,	,	PUNCT
fsr-3933	323	11	249–268	249–268	NUM
fsr-3933	323	12	.	.	PUNCT
fsr-3933	324	1	loughran	loughran	NOUN
fsr-3933	324	2	,	,	PUNCT
fsr-3933	324	3	t.	t.	PROPN
fsr-3933	324	4	,	,	PUNCT
fsr-3933	324	5	&	&	CCONJ
fsr-3933	324	6	ritter	ritter	PROPN
fsr-3933	324	7	,	,	PUNCT
fsr-3933	324	8	j.	j.	PROPN
fsr-3933	324	9	(	(	PUNCT
fsr-3933	324	10	2000	2000	NUM
fsr-3933	324	11	)	)	PUNCT
fsr-3933	324	12	.	.	PUNCT
fsr-3933	325	1	uniformly	uniformly	ADV
fsr-3933	325	2	least	least	ADJ
fsr-3933	325	3	powerful	powerful	ADJ
fsr-3933	325	4	tests	test	NOUN
fsr-3933	325	5	of	of	ADP
fsr-3933	325	6	market	market	NOUN
fsr-3933	325	7	efficiency	efficiency	NOUN
fsr-3933	325	8	.	.	PUNCT
fsr-3933	326	1	journal	journal	NOUN
fsr-3933	326	2	of	of	ADP
fsr-3933	326	3	financial	financial	ADJ
fsr-3933	326	4	economics	economic	NOUN
fsr-3933	326	5	,	,	PUNCT
fsr-3933	326	6	55	55	NUM
fsr-3933	326	7	,	,	PUNCT
fsr-3933	326	8	361–389	361–389	NUM
fsr-3933	326	9	.	.	PUNCT
fsr-3933	327	1	malkiel	malkiel	PROPN
fsr-3933	327	2	,	,	PUNCT
fsr-3933	327	3	b.	b.	PROPN
fsr-3933	327	4	g.	g.	PROPN
fsr-3933	327	5	(	(	PUNCT
fsr-3933	327	6	1995	1995	NUM
fsr-3933	327	7	)	)	PUNCT
fsr-3933	327	8	.	.	PUNCT
fsr-3933	328	1	returns	return	NOUN
fsr-3933	328	2	from	from	ADP
fsr-3933	328	3	investing	invest	VERB
fsr-3933	328	4	in	in	ADP
fsr-3933	328	5	equity	equity	NOUN
fsr-3933	328	6	mutual	mutual	ADJ
fsr-3933	328	7	funds	fund	NOUN
fsr-3933	328	8	1971	1971	NUM
fsr-3933	328	9	to	to	ADP
fsr-3933	328	10	1991	1991	NUM
fsr-3933	328	11	.	.	PUNCT
fsr-3933	329	1	journal	journal	NOUN
fsr-3933	329	2	of	of	ADP
fsr-3933	329	3	finance	finance	NOUN
fsr-3933	329	4	,	,	PUNCT
fsr-3933	329	5	50	50	NUM
fsr-3933	329	6	,	,	PUNCT
fsr-3933	329	7	549–572	549–572	NUM
fsr-3933	329	8	.	.	PUNCT
fsr-3933	330	1	rosenberg	rosenberg	PROPN
fsr-3933	330	2	,	,	PUNCT
fsr-3933	330	3	b.	b.	PROPN
fsr-3933	330	4	,	,	PUNCT
fsr-3933	330	5	reid	reid	PROPN
fsr-3933	330	6	,	,	PUNCT
fsr-3933	330	7	k.	k.	PROPN
fsr-3933	330	8	,	,	PUNCT
fsr-3933	330	9	&	&	CCONJ
fsr-3933	330	10	lanstein	lanstein	PROPN
fsr-3933	330	11	,	,	PUNCT
fsr-3933	330	12	r.	r.	PROPN
fsr-3933	330	13	(	(	PUNCT
fsr-3933	330	14	1985	1985	NUM
fsr-3933	330	15	)	)	PUNCT
fsr-3933	330	16	.	.	PUNCT
fsr-3933	331	1	persuasive	persuasive	ADJ
fsr-3933	331	2	evidence	evidence	NOUN
fsr-3933	331	3	of	of	ADP
fsr-3933	331	4	market	market	NOUN
fsr-3933	331	5	inefficiency	inefficiency	NOUN
fsr-3933	331	6	.	.	PUNCT
fsr-3933	332	1	journal	journal	NOUN
fsr-3933	332	2	of	of	ADP
fsr-3933	332	3	portfolio	portfolio	NOUN
fsr-3933	332	4	management	management	NOUN
fsr-3933	332	5	,	,	PUNCT
fsr-3933	332	6	11	11	NUM
fsr-3933	332	7	,	,	PUNCT
fsr-3933	332	8	9–17	9–17	PROPN
fsr-3933	332	9	.	.	PUNCT
fsr-3933	333	1	stattman	stattman	PROPN
fsr-3933	333	2	,	,	PUNCT
fsr-3933	333	3	d.	d.	PROPN
fsr-3933	333	4	(	(	PUNCT
fsr-3933	333	5	1980	1980	NUM
fsr-3933	333	6	)	)	PUNCT
fsr-3933	333	7	.	.	PUNCT
fsr-3933	334	1	book	book	NOUN
fsr-3933	334	2	values	value	NOUN
fsr-3933	334	3	and	and	CCONJ
fsr-3933	334	4	stock	stock	NOUN
fsr-3933	334	5	returns	return	NOUN
fsr-3933	334	6	.	.	PUNCT
fsr-3933	335	1	the	the	DET
fsr-3933	335	2	chicago	chicago	PROPN
fsr-3933	335	3	mba	mba	PROPN
fsr-3933	335	4	:	:	PUNCT
fsr-3933	335	5	a	a	DET
fsr-3933	335	6	journal	journal	NOUN
fsr-3933	335	7	of	of	ADP
fsr-3933	335	8	selected	select	VERB
fsr-3933	335	9	papers	paper	NOUN
fsr-3933	335	10	,	,	PUNCT
fsr-3933	335	11	4	4	NUM
fsr-3933	335	12	,	,	PUNCT
fsr-3933	335	13	25–45	25–45	NUM
fsr-3933	335	14	.	.	PUNCT
fsr-3933	336	1	373r.r	373r.r	NUM
fsr-3933	336	2	.	.	PUNCT
fsr-3933	337	1	trecartin	trecartin	PROPN
fsr-3933	337	2	/	/	SYM
fsr-3933	337	3	financial	financial	ADJ
fsr-3933	337	4	services	service	NOUN
fsr-3933	337	5	review	review	VERB
fsr-3933	337	6	9	9	NUM
fsr-3933	337	7	(	(	PUNCT
fsr-3933	337	8	2000	2000	NUM
fsr-3933	337	9	)	)	PUNCT
fsr-3933	337	10	361–373	361–373	NUM