id	sid	tid	token	lemma	pos
fbem-10179	1	1	frontiers	frontier	NOUN
fbem-10179	1	2	in	in	ADP
fbem-10179	1	3	business	business	NOUN
fbem-10179	1	4	,	,	PUNCT
fbem-10179	1	5	economics	economic	NOUN
fbem-10179	1	6	and	and	CCONJ
fbem-10179	1	7	management	management	NOUN
fbem-10179	1	8	issn	issn	PROPN
fbem-10179	1	9	:	:	PUNCT
fbem-10179	1	10	2766	2766	NUM
fbem-10179	1	11	-	-	PUNCT
fbem-10179	1	12	824x	824x	NUM
fbem-10179	1	13	|	|	ADJ
fbem-10179	1	14	vol	vol	NOUN
fbem-10179	1	15	.	.	PROPN
fbem-10179	2	1	10	10	NUM
fbem-10179	2	2	,	,	PUNCT
fbem-10179	2	3	no	no	INTJ
fbem-10179	2	4	.	.	NOUN
fbem-10179	2	5	1	1	NUM
fbem-10179	2	6	,	,	PUNCT
fbem-10179	2	7	2023	2023	NUM
fbem-10179	2	8	102	102	NUM
fbem-10179	2	9	watchful	watchful	ADJ
fbem-10179	2	10	eye	eye	NOUN
fbem-10179	2	11	or	or	CCONJ
fbem-10179	2	12	just	just	ADV
fbem-10179	2	13	a	a	DET
fbem-10179	2	14	veil	veil	NOUN
fbem-10179	2	15	?	?	PUNCT
fbem-10179	3	1	common	common	ADJ
fbem-10179	3	2	institutional	institutional	ADJ
fbem-10179	3	3	ownership	ownership	NOUN
fbem-10179	3	4	and	and	CCONJ
fbem-10179	3	5	environmental	environmental	ADJ
fbem-10179	3	6	information	information	NOUN
fbem-10179	3	7	disclosure	disclosure	PROPN
fbem-10179	3	8	quality	quality	PROPN
fbem-10179	3	9	hao	hao	PROPN
fbem-10179	3	10	ding1	ding1	PROPN
fbem-10179	3	11	,	,	PUNCT
fbem-10179	3	12	*	*	SYM
fbem-10179	3	13	1	1	NUM
fbem-10179	3	14	school	school	NOUN
fbem-10179	3	15	of	of	ADP
fbem-10179	3	16	business	business	NOUN
fbem-10179	3	17	,	,	PUNCT
fbem-10179	3	18	nanjing	nanjing	PROPN
fbem-10179	3	19	normal	normal	ADJ
fbem-10179	3	20	university	university	PROPN
fbem-10179	3	21	,	,	PUNCT
fbem-10179	3	22	nanjing	nanjing	PROPN
fbem-10179	3	23	,	,	PUNCT
fbem-10179	3	24	210023	210023	NUM
fbem-10179	3	25	,	,	PUNCT
fbem-10179	3	26	p.r.china	p.r.china	NOUN
fbem-10179	3	27	*	*	PUNCT
fbem-10179	3	28	corresponding	correspond	VERB
fbem-10179	3	29	author	author	NOUN
fbem-10179	3	30	:	:	PUNCT
fbem-10179	3	31	hao	hao	PROPN
fbem-10179	3	32	ding	ding	PROPN
fbem-10179	3	33	(	(	PUNCT
fbem-10179	3	34	email	email	NOUN
fbem-10179	3	35	:	:	PUNCT
fbem-10179	3	36	hao.ding@nnu.edu.cn	hao.ding@nnu.edu.cn	NOUN
fbem-10179	3	37	)	)	PUNCT
fbem-10179	3	38	abstract	abstract	NOUN
fbem-10179	3	39	:	:	PUNCT
fbem-10179	3	40	as	as	ADP
fbem-10179	3	41	an	an	DET
fbem-10179	3	42	important	important	ADJ
fbem-10179	3	43	channel	channel	NOUN
fbem-10179	3	44	for	for	ADP
fbem-10179	3	45	the	the	DET
fbem-10179	3	46	external	external	ADJ
fbem-10179	3	47	stakeholder	stakeholder	NOUN
fbem-10179	3	48	to	to	PART
fbem-10179	3	49	understand	understand	VERB
fbem-10179	3	50	the	the	DET
fbem-10179	3	51	environmental	environmental	ADJ
fbem-10179	3	52	performance	performance	NOUN
fbem-10179	3	53	of	of	ADP
fbem-10179	3	54	enterprises	enterprise	NOUN
fbem-10179	3	55	,	,	PUNCT
fbem-10179	3	56	corporate	corporate	ADJ
fbem-10179	3	57	environmental	environmental	ADJ
fbem-10179	3	58	information	information	NOUN
fbem-10179	3	59	disclosure	disclosure	NOUN
fbem-10179	3	60	is	be	AUX
fbem-10179	3	61	not	not	PART
fbem-10179	3	62	only	only	ADV
fbem-10179	3	63	an	an	DET
fbem-10179	3	64	effective	effective	ADJ
fbem-10179	3	65	way	way	NOUN
fbem-10179	3	66	to	to	PART
fbem-10179	3	67	exercise	exercise	VERB
fbem-10179	3	68	social	social	ADJ
fbem-10179	3	69	supervision	supervision	NOUN
fbem-10179	3	70	but	but	CCONJ
fbem-10179	3	71	also	also	ADV
fbem-10179	3	72	an	an	DET
fbem-10179	3	73	important	important	ADJ
fbem-10179	3	74	mechanism	mechanism	NOUN
fbem-10179	3	75	to	to	PART
fbem-10179	3	76	promote	promote	VERB
fbem-10179	3	77	corporate	corporate	ADJ
fbem-10179	3	78	environmental	environmental	ADJ
fbem-10179	3	79	governance	governance	NOUN
fbem-10179	3	80	.	.	PUNCT
fbem-10179	4	1	however	however	ADV
fbem-10179	4	2	,	,	PUNCT
fbem-10179	4	3	under	under	ADP
fbem-10179	4	4	china	china	PROPN
fbem-10179	4	5	’s	’s	PART
fbem-10179	4	6	current	current	ADJ
fbem-10179	4	7	environmental	environmental	ADJ
fbem-10179	4	8	information	information	NOUN
fbem-10179	4	9	disclosure	disclosure	NOUN
fbem-10179	4	10	model	model	NOUN
fbem-10179	4	11	,	,	PUNCT
fbem-10179	4	12	irregular	irregular	ADJ
fbem-10179	4	13	disclosures	disclosure	NOUN
fbem-10179	4	14	,	,	PUNCT
fbem-10179	4	15	ambiguity	ambiguity	NOUN
fbem-10179	4	16	,	,	PUNCT
fbem-10179	4	17	and	and	CCONJ
fbem-10179	4	18	selective	selective	ADJ
fbem-10179	4	19	disclosure	disclosure	NOUN
fbem-10179	4	20	practices	practice	NOUN
fbem-10179	4	21	remain	remain	VERB
fbem-10179	4	22	prevalent	prevalent	ADJ
fbem-10179	4	23	.	.	PUNCT
fbem-10179	5	1	hence	hence	ADV
fbem-10179	5	2	,	,	PUNCT
fbem-10179	5	3	it	it	PRON
fbem-10179	5	4	is	be	AUX
fbem-10179	5	5	crucial	crucial	ADJ
fbem-10179	5	6	to	to	PART
fbem-10179	5	7	seek	seek	VERB
fbem-10179	5	8	solutions	solution	NOUN
fbem-10179	5	9	to	to	PART
fbem-10179	5	10	improve	improve	VERB
fbem-10179	5	11	the	the	DET
fbem-10179	5	12	quality	quality	NOUN
fbem-10179	5	13	of	of	ADP
fbem-10179	5	14	environmental	environmental	ADJ
fbem-10179	5	15	information	information	NOUN
fbem-10179	5	16	disclosure	disclosure	NOUN
fbem-10179	5	17	.	.	PUNCT
fbem-10179	6	1	in	in	ADP
fbem-10179	6	2	recent	recent	ADJ
fbem-10179	6	3	years	year	NOUN
fbem-10179	6	4	,	,	PUNCT
fbem-10179	6	5	the	the	DET
fbem-10179	6	6	phenomenon	phenomenon	NOUN
fbem-10179	6	7	of	of	ADP
fbem-10179	6	8	common	common	ADJ
fbem-10179	6	9	institutional	institutional	ADJ
fbem-10179	6	10	ownership	ownership	NOUN
fbem-10179	6	11	has	have	AUX
fbem-10179	6	12	become	become	VERB
fbem-10179	6	13	increasingly	increasingly	ADV
fbem-10179	6	14	widespread	widespread	ADJ
fbem-10179	6	15	in	in	ADP
fbem-10179	6	16	the	the	DET
fbem-10179	6	17	capital	capital	NOUN
fbem-10179	6	18	markets	market	NOUN
fbem-10179	6	19	and	and	CCONJ
fbem-10179	6	20	has	have	VERB
fbem-10179	6	21	a	a	DET
fbem-10179	6	22	significant	significant	ADJ
fbem-10179	6	23	impact	impact	NOUN
fbem-10179	6	24	on	on	ADP
fbem-10179	6	25	the	the	DET
fbem-10179	6	26	strategic	strategic	ADJ
fbem-10179	6	27	decisions	decision	NOUN
fbem-10179	6	28	of	of	ADP
fbem-10179	6	29	companies	company	NOUN
fbem-10179	6	30	.	.	PUNCT
fbem-10179	7	1	this	this	DET
fbem-10179	7	2	paper	paper	NOUN
fbem-10179	7	3	selects	select	VERB
fbem-10179	7	4	chinese	chinese	ADJ
fbem-10179	7	5	a	a	DET
fbem-10179	7	6	-	-	PUNCT
fbem-10179	7	7	share	share	NOUN
fbem-10179	7	8	listed	list	VERB
fbem-10179	7	9	firms	firm	NOUN
fbem-10179	7	10	from	from	ADP
fbem-10179	7	11	2010	2010	NUM
fbem-10179	7	12	-	-	SYM
fbem-10179	7	13	2021	2021	NUM
fbem-10179	7	14	as	as	ADP
fbem-10179	7	15	a	a	DET
fbem-10179	7	16	research	research	NOUN
fbem-10179	7	17	sample	sample	NOUN
fbem-10179	7	18	to	to	PART
fbem-10179	7	19	examine	examine	VERB
fbem-10179	7	20	the	the	DET
fbem-10179	7	21	impact	impact	NOUN
fbem-10179	7	22	of	of	ADP
fbem-10179	7	23	common	common	ADJ
fbem-10179	7	24	institutional	institutional	ADJ
fbem-10179	7	25	ownership	ownership	NOUN
fbem-10179	7	26	on	on	ADP
fbem-10179	7	27	the	the	DET
fbem-10179	7	28	quality	quality	NOUN
fbem-10179	7	29	of	of	ADP
fbem-10179	7	30	environmental	environmental	ADJ
fbem-10179	7	31	information	information	NOUN
fbem-10179	7	32	disclosure	disclosure	NOUN
fbem-10179	7	33	.	.	PUNCT
fbem-10179	8	1	the	the	DET
fbem-10179	8	2	study	study	NOUN
fbem-10179	8	3	found	find	VERB
fbem-10179	8	4	that	that	SCONJ
fbem-10179	8	5	common	common	ADJ
fbem-10179	8	6	institutional	institutional	ADJ
fbem-10179	8	7	ownership	ownership	NOUN
fbem-10179	8	8	can	can	AUX
fbem-10179	8	9	improve	improve	VERB
fbem-10179	8	10	the	the	DET
fbem-10179	8	11	quality	quality	NOUN
fbem-10179	8	12	of	of	ADP
fbem-10179	8	13	environmental	environmental	ADJ
fbem-10179	8	14	information	information	NOUN
fbem-10179	8	15	disclosure	disclosure	NOUN
fbem-10179	8	16	.	.	PUNCT
fbem-10179	9	1	the	the	PRON
fbem-10179	9	2	higher	high	ADJ
fbem-10179	9	3	the	the	DET
fbem-10179	9	4	degree	degree	NOUN
fbem-10179	9	5	of	of	ADP
fbem-10179	9	6	their	their	PRON
fbem-10179	9	7	linkage	linkage	NOUN
fbem-10179	9	8	and	and	CCONJ
fbem-10179	9	9	the	the	PRON
fbem-10179	9	10	greater	great	ADJ
fbem-10179	9	11	the	the	DET
fbem-10179	9	12	shareholding	shareholding	NOUN
fbem-10179	9	13	,	,	PUNCT
fbem-10179	9	14	the	the	DET
fbem-10179	9	15	more	more	ADV
fbem-10179	9	16	pronounced	pronounce	VERB
fbem-10179	9	17	the	the	DET
fbem-10179	9	18	synergistic	synergistic	ADJ
fbem-10179	9	19	effect	effect	NOUN
fbem-10179	9	20	.	.	PUNCT
fbem-10179	10	1	the	the	DET
fbem-10179	10	2	findings	finding	NOUN
fbem-10179	10	3	remained	remain	VERB
fbem-10179	10	4	valid	valid	ADJ
fbem-10179	10	5	after	after	ADP
fbem-10179	10	6	testing	testing	NOUN
fbem-10179	10	7	using	use	VERB
fbem-10179	10	8	propensity	propensity	NOUN
fbem-10179	10	9	score	score	NOUN
fbem-10179	10	10	matching	matching	NOUN
fbem-10179	10	11	(	(	PUNCT
fbem-10179	10	12	psm	psm	NOUN
fbem-10179	10	13	)	)	PUNCT
fbem-10179	10	14	and	and	CCONJ
fbem-10179	10	15	changing	change	VERB
fbem-10179	10	16	the	the	DET
fbem-10179	10	17	sample	sample	NOUN
fbem-10179	10	18	period	period	NOUN
fbem-10179	10	19	.	.	PUNCT
fbem-10179	11	1	heterogeneity	heterogeneity	NOUN
fbem-10179	11	2	analysis	analysis	NOUN
fbem-10179	11	3	shows	show	VERB
fbem-10179	11	4	that	that	SCONJ
fbem-10179	11	5	the	the	DET
fbem-10179	11	6	facilitating	facilitate	VERB
fbem-10179	11	7	effect	effect	NOUN
fbem-10179	11	8	of	of	ADP
fbem-10179	11	9	common	common	ADJ
fbem-10179	11	10	institutional	institutional	ADJ
fbem-10179	11	11	ownership	ownership	NOUN
fbem-10179	11	12	on	on	ADP
fbem-10179	11	13	the	the	DET
fbem-10179	11	14	quality	quality	NOUN
fbem-10179	11	15	of	of	ADP
fbem-10179	11	16	environmental	environmental	ADJ
fbem-10179	11	17	information	information	NOUN
fbem-10179	11	18	disclosure	disclosure	NOUN
fbem-10179	11	19	is	be	AUX
fbem-10179	11	20	more	more	ADV
fbem-10179	11	21	pronounced	pronounced	ADJ
fbem-10179	11	22	in	in	ADP
fbem-10179	11	23	high	high	ADJ
fbem-10179	11	24	-	-	PUNCT
fbem-10179	11	25	polluting	pollute	VERB
fbem-10179	11	26	firms	firm	NOUN
fbem-10179	11	27	and	and	CCONJ
fbem-10179	11	28	firms	firm	NOUN
fbem-10179	11	29	which	which	PRON
fbem-10179	11	30	stay	stay	VERB
fbem-10179	11	31	in	in	ADP
fbem-10179	11	32	the	the	DET
fbem-10179	11	33	growth	growth	NOUN
fbem-10179	11	34	and	and	CCONJ
fbem-10179	11	35	maturity	maturity	NOUN
fbem-10179	11	36	stage	stage	NOUN
fbem-10179	11	37	.	.	PUNCT
fbem-10179	12	1	this	this	DET
fbem-10179	12	2	paper	paper	NOUN
fbem-10179	12	3	enriches	enrich	VERB
fbem-10179	12	4	the	the	DET
fbem-10179	12	5	research	research	NOUN
fbem-10179	12	6	on	on	ADP
fbem-10179	12	7	the	the	DET
fbem-10179	12	8	economic	economic	ADJ
fbem-10179	12	9	consequences	consequence	NOUN
fbem-10179	12	10	of	of	ADP
fbem-10179	12	11	common	common	ADJ
fbem-10179	12	12	institutional	institutional	ADJ
fbem-10179	12	13	ownership	ownership	NOUN
fbem-10179	12	14	in	in	ADP
fbem-10179	12	15	china	china	PROPN
fbem-10179	12	16	and	and	CCONJ
fbem-10179	12	17	provides	provide	VERB
fbem-10179	12	18	management	management	NOUN
fbem-10179	12	19	implications	implication	NOUN
fbem-10179	12	20	for	for	ADP
fbem-10179	12	21	improving	improve	VERB
fbem-10179	12	22	the	the	DET
fbem-10179	12	23	environmental	environmental	ADJ
fbem-10179	12	24	information	information	NOUN
fbem-10179	12	25	disclosure	disclosure	NOUN
fbem-10179	12	26	system	system	NOUN
fbem-10179	12	27	and	and	CCONJ
fbem-10179	12	28	promoting	promote	VERB
fbem-10179	12	29	“	"	PUNCT
fbem-10179	12	30	genuine	genuine	ADJ
fbem-10179	12	31	green	green	ADJ
fbem-10179	12	32	”	"	PUNCT
fbem-10179	12	33	corporate	corporate	ADJ
fbem-10179	12	34	social	social	ADJ
fbem-10179	12	35	responsibility	responsibility	NOUN
fbem-10179	12	36	.	.	PUNCT
fbem-10179	13	1	keywords	keyword	NOUN
fbem-10179	13	2	:	:	PUNCT
fbem-10179	13	3	common	common	ADJ
fbem-10179	13	4	institutional	institutional	ADJ
fbem-10179	13	5	ownership	ownership	NOUN
fbem-10179	13	6	,	,	PUNCT
fbem-10179	13	7	environmental	environmental	ADJ
fbem-10179	13	8	information	information	NOUN
fbem-10179	13	9	disclosure	disclosure	NOUN
fbem-10179	13	10	,	,	PUNCT
fbem-10179	13	11	greenwashing	greenwashing	NOUN
fbem-10179	13	12	,	,	PUNCT
fbem-10179	13	13	synergistic	synergistic	ADJ
fbem-10179	13	14	governance	governance	NOUN
fbem-10179	13	15	effect	effect	NOUN
fbem-10179	13	16	,	,	PUNCT
fbem-10179	13	17	collusive	collusive	ADJ
fbem-10179	13	18	fraud	fraud	NOUN
fbem-10179	13	19	effect	effect	NOUN
fbem-10179	13	20	.	.	PUNCT
fbem-10179	14	1	1	1	X
fbem-10179	14	2	.	.	X
fbem-10179	14	3	introduction	introduction	NOUN
fbem-10179	14	4	in	in	ADP
fbem-10179	14	5	recent	recent	ADJ
fbem-10179	14	6	decades	decade	NOUN
fbem-10179	14	7	,	,	PUNCT
fbem-10179	14	8	environmental	environmental	ADJ
fbem-10179	14	9	pollution	pollution	NOUN
fbem-10179	14	10	is	be	AUX
fbem-10179	14	11	becoming	become	VERB
fbem-10179	14	12	a	a	DET
fbem-10179	14	13	constraint	constraint	NOUN
fbem-10179	14	14	on	on	ADP
fbem-10179	14	15	sustainable	sustainable	ADJ
fbem-10179	14	16	economic	economic	ADJ
fbem-10179	14	17	development	development	NOUN
fbem-10179	14	18	,	,	PUNCT
fbem-10179	14	19	and	and	CCONJ
fbem-10179	14	20	stakeholders	stakeholder	NOUN
fbem-10179	14	21	are	be	AUX
fbem-10179	14	22	increasingly	increasingly	ADV
fbem-10179	14	23	concerned	concerned	ADJ
fbem-10179	14	24	about	about	ADP
fbem-10179	14	25	environmental	environmental	ADJ
fbem-10179	14	26	issues	issue	NOUN
fbem-10179	14	27	(	(	PUNCT
fbem-10179	14	28	ahmad	ahmad	PROPN
fbem-10179	14	29	et	et	PROPN
fbem-10179	14	30	al	al	PROPN
fbem-10179	14	31	.	.	PROPN
fbem-10179	14	32	,	,	PUNCT
fbem-10179	14	33	2019	2019	NUM
fbem-10179	14	34	)	)	PUNCT
fbem-10179	14	35	.	.	PUNCT
fbem-10179	15	1	as	as	ADP
fbem-10179	15	2	an	an	DET
fbem-10179	15	3	essential	essential	ADJ
fbem-10179	15	4	part	part	NOUN
fbem-10179	15	5	of	of	ADP
fbem-10179	15	6	nonfinancial	nonfinancial	ADJ
fbem-10179	15	7	information	information	NOUN
fbem-10179	15	8	,	,	PUNCT
fbem-10179	15	9	environmental	environmental	ADJ
fbem-10179	15	10	information	information	NOUN
fbem-10179	15	11	can	can	AUX
fbem-10179	15	12	reflect	reflect	VERB
fbem-10179	15	13	the	the	DET
fbem-10179	15	14	environmental	environmental	ADJ
fbem-10179	15	15	management	management	NOUN
fbem-10179	15	16	status	status	NOUN
fbem-10179	15	17	of	of	ADP
fbem-10179	15	18	enterprises	enterprise	NOUN
fbem-10179	15	19	(	(	PUNCT
fbem-10179	15	20	cormier	cormier	NOUN
fbem-10179	15	21	&	&	CCONJ
fbem-10179	15	22	magnan	magnan	PROPN
fbem-10179	15	23	,	,	PUNCT
fbem-10179	15	24	2015	2015	NUM
fbem-10179	15	25	;	;	PUNCT
fbem-10179	15	26	berrone	berrone	NOUN
fbem-10179	15	27	et	et	PROPN
fbem-10179	15	28	al	al	PROPN
fbem-10179	15	29	.	.	PROPN
fbem-10179	15	30	,	,	PUNCT
fbem-10179	15	31	2017	2017	NUM
fbem-10179	15	32	)	)	PUNCT
fbem-10179	15	33	.	.	PUNCT
fbem-10179	16	1	environmental	environmental	ADJ
fbem-10179	16	2	information	information	NOUN
fbem-10179	16	3	disclosure	disclosure	NOUN
fbem-10179	16	4	is	be	AUX
fbem-10179	16	5	an	an	DET
fbem-10179	16	6	important	important	ADJ
fbem-10179	16	7	way	way	NOUN
fbem-10179	16	8	for	for	SCONJ
fbem-10179	16	9	companies	company	NOUN
fbem-10179	16	10	to	to	PART
fbem-10179	16	11	signal	signal	VERB
fbem-10179	16	12	their	their	PRON
fbem-10179	16	13	environmental	environmental	ADJ
fbem-10179	16	14	responsibility	responsibility	NOUN
fbem-10179	16	15	and	and	CCONJ
fbem-10179	16	16	is	be	AUX
fbem-10179	16	17	an	an	DET
fbem-10179	16	18	essential	essential	ADJ
fbem-10179	16	19	basis	basis	NOUN
fbem-10179	16	20	for	for	SCONJ
fbem-10179	16	21	stakeholders	stakeholder	NOUN
fbem-10179	16	22	to	to	PART
fbem-10179	16	23	measure	measure	VERB
fbem-10179	16	24	environmental	environmental	ADJ
fbem-10179	16	25	performance	performance	NOUN
fbem-10179	16	26	and	and	CCONJ
fbem-10179	16	27	optimize	optimize	VERB
fbem-10179	16	28	management	management	NOUN
fbem-10179	16	29	decisions	decision	NOUN
fbem-10179	16	30	(	(	PUNCT
fbem-10179	16	31	huang	huang	PROPN
fbem-10179	16	32	&	&	CCONJ
fbem-10179	16	33	chen	chen	PROPN
fbem-10179	16	34	,	,	PUNCT
fbem-10179	16	35	2015	2015	NUM
fbem-10179	16	36	)	)	PUNCT
fbem-10179	16	37	.	.	PUNCT
fbem-10179	17	1	on	on	ADP
fbem-10179	17	2	the	the	DET
fbem-10179	17	3	one	one	NUM
fbem-10179	17	4	hand	hand	NOUN
fbem-10179	17	5	,	,	PUNCT
fbem-10179	17	6	the	the	DET
fbem-10179	17	7	value	value	NOUN
fbem-10179	17	8	of	of	ADP
fbem-10179	17	9	environmental	environmental	ADJ
fbem-10179	17	10	information	information	NOUN
fbem-10179	17	11	lies	lie	VERB
fbem-10179	17	12	in	in	ADP
fbem-10179	17	13	its	its	PRON
fbem-10179	17	14	direct	direct	ADJ
fbem-10179	17	15	reflection	reflection	NOUN
fbem-10179	17	16	of	of	ADP
fbem-10179	17	17	the	the	DET
fbem-10179	17	18	environmental	environmental	ADJ
fbem-10179	17	19	risks	risk	NOUN
fbem-10179	17	20	to	to	PART
fbem-10179	17	21	which	which	PRON
fbem-10179	17	22	a	a	DET
fbem-10179	17	23	company	company	NOUN
fbem-10179	17	24	may	may	AUX
fbem-10179	17	25	be	be	AUX
fbem-10179	17	26	exposed	expose	VERB
fbem-10179	17	27	,	,	PUNCT
fbem-10179	17	28	including	include	VERB
fbem-10179	17	29	physical	physical	ADJ
fbem-10179	17	30	environmental	environmental	ADJ
fbem-10179	17	31	risks	risk	NOUN
fbem-10179	17	32	and	and	CCONJ
fbem-10179	17	33	the	the	DET
fbem-10179	17	34	impairment	impairment	NOUN
fbem-10179	17	35	of	of	ADP
fbem-10179	17	36	asset	asset	NOUN
fbem-10179	17	37	values	value	NOUN
fbem-10179	17	38	arising	arise	VERB
fbem-10179	17	39	from	from	ADP
fbem-10179	17	40	them	they	PRON
fbem-10179	17	41	.	.	PUNCT
fbem-10179	18	1	on	on	ADP
fbem-10179	18	2	the	the	DET
fbem-10179	18	3	other	other	ADJ
fbem-10179	18	4	hand	hand	NOUN
fbem-10179	18	5	,	,	PUNCT
fbem-10179	18	6	environmental	environmental	ADJ
fbem-10179	18	7	information	information	NOUN
fbem-10179	18	8	reflects	reflect	VERB
fbem-10179	18	9	the	the	DET
fbem-10179	18	10	level	level	NOUN
fbem-10179	18	11	of	of	ADP
fbem-10179	18	12	a	a	DET
fbem-10179	18	13	company	company	NOUN
fbem-10179	18	14	’s	’s	PART
fbem-10179	18	15	management	management	NOUN
fbem-10179	18	16	and	and	CCONJ
fbem-10179	18	17	the	the	DET
fbem-10179	18	18	importance	importance	NOUN
fbem-10179	18	19	that	that	SCONJ
fbem-10179	18	20	management	management	NOUN
fbem-10179	18	21	attaches	attach	VERB
fbem-10179	18	22	to	to	ADP
fbem-10179	18	23	its	its	PRON
fbem-10179	18	24	stakeholders	stakeholder	NOUN
fbem-10179	18	25	(	(	PUNCT
fbem-10179	18	26	ahmad	ahmad	PROPN
fbem-10179	18	27	et	et	PROPN
fbem-10179	18	28	al	al	PROPN
fbem-10179	18	29	.	.	PROPN
fbem-10179	18	30	,	,	PUNCT
fbem-10179	18	31	2019	2019	NUM
fbem-10179	18	32	)	)	PUNCT
fbem-10179	18	33	.	.	PUNCT
fbem-10179	19	1	in	in	ADP
fbem-10179	19	2	2008	2008	NUM
fbem-10179	19	3	,	,	PUNCT
fbem-10179	19	4	the	the	DET
fbem-10179	19	5	shanghai	shanghai	PROPN
fbem-10179	19	6	stock	stock	PROPN
fbem-10179	19	7	exchange	exchange	PROPN
fbem-10179	19	8	issued	issue	VERB
fbem-10179	19	9	the	the	DET
fbem-10179	19	10	guidelines	guideline	NOUN
fbem-10179	19	11	on	on	ADP
fbem-10179	19	12	disclosure	disclosure	NOUN
fbem-10179	19	13	of	of	ADP
fbem-10179	19	14	environmental	environmental	ADJ
fbem-10179	19	15	information	information	NOUN
fbem-10179	19	16	of	of	ADP
fbem-10179	19	17	listed	list	VERB
fbem-10179	19	18	companies	company	NOUN
fbem-10179	19	19	,	,	PUNCT
fbem-10179	19	20	marking	mark	VERB
fbem-10179	19	21	the	the	DET
fbem-10179	19	22	beginning	beginning	NOUN
fbem-10179	19	23	of	of	ADP
fbem-10179	19	24	the	the	DET
fbem-10179	19	25	use	use	NOUN
fbem-10179	19	26	of	of	ADP
fbem-10179	19	27	information	information	NOUN
fbem-10179	19	28	disclosure	disclosure	NOUN
fbem-10179	19	29	policies	policy	NOUN
fbem-10179	19	30	by	by	ADP
fbem-10179	19	31	regulators	regulator	NOUN
fbem-10179	19	32	to	to	PART
fbem-10179	19	33	combat	combat	VERB
fbem-10179	19	34	environmental	environmental	ADJ
fbem-10179	19	35	pollution	pollution	NOUN
fbem-10179	19	36	.	.	PUNCT
fbem-10179	20	1	although	although	SCONJ
fbem-10179	20	2	the	the	DET
fbem-10179	20	3	regulatory	regulatory	ADJ
fbem-10179	20	4	authorities	authority	NOUN
fbem-10179	20	5	have	have	AUX
fbem-10179	20	6	repeatedly	repeatedly	ADV
fbem-10179	20	7	emphasized	emphasize	VERB
fbem-10179	20	8	and	and	CCONJ
fbem-10179	20	9	encouraged	encourage	VERB
fbem-10179	20	10	enterprises	enterprise	NOUN
fbem-10179	20	11	(	(	PUNCT
fbem-10179	20	12	especially	especially	ADV
fbem-10179	20	13	highly	highly	ADV
fbem-10179	20	14	polluting	polluting	ADJ
fbem-10179	20	15	enterprises	enterprise	NOUN
fbem-10179	20	16	)	)	PUNCT
fbem-10179	20	17	to	to	PART
fbem-10179	20	18	disclose	disclose	VERB
fbem-10179	20	19	environmental	environmental	ADJ
fbem-10179	20	20	information	information	NOUN
fbem-10179	20	21	,	,	PUNCT
fbem-10179	20	22	the	the	DET
fbem-10179	20	23	overall	overall	ADJ
fbem-10179	20	24	disclosure	disclosure	NOUN
fbem-10179	20	25	of	of	ADP
fbem-10179	20	26	environmental	environmental	ADJ
fbem-10179	20	27	information	information	NOUN
fbem-10179	20	28	by	by	ADP
fbem-10179	20	29	enterprises	enterprise	NOUN
fbem-10179	20	30	in	in	ADP
fbem-10179	20	31	china	china	PROPN
fbem-10179	20	32	still	still	ADV
fbem-10179	20	33	remains	remain	VERB
fbem-10179	20	34	at	at	ADP
fbem-10179	20	35	the	the	DET
fbem-10179	20	36	level	level	NOUN
fbem-10179	20	37	of	of	ADP
fbem-10179	20	38	“	"	PUNCT
fbem-10179	20	39	compliance	compliance	NOUN
fbem-10179	20	40	”	"	PUNCT
fbem-10179	20	41	and	and	CCONJ
fbem-10179	20	42	the	the	DET
fbem-10179	20	43	initiative	initiative	NOUN
fbem-10179	20	44	of	of	ADP
fbem-10179	20	45	disclosure	disclosure	NOUN
fbem-10179	20	46	is	be	AUX
fbem-10179	20	47	relatively	relatively	ADV
fbem-10179	20	48	low	low	ADJ
fbem-10179	20	49	.	.	PUNCT
fbem-10179	21	1	still	still	ADV
fbem-10179	21	2	,	,	PUNCT
fbem-10179	21	3	as	as	SCONJ
fbem-10179	21	4	standards	standard	NOUN
fbem-10179	21	5	are	be	AUX
fbem-10179	21	6	not	not	PART
fbem-10179	21	7	yet	yet	ADV
fbem-10179	21	8	uniform	uniform	ADJ
fbem-10179	21	9	,	,	PUNCT
fbem-10179	21	10	it	it	PRON
fbem-10179	21	11	is	be	AUX
fbem-10179	21	12	difficult	difficult	ADJ
fbem-10179	21	13	for	for	SCONJ
fbem-10179	21	14	conventional	conventional	ADJ
fbem-10179	21	15	administrative	administrative	ADJ
fbem-10179	21	16	supervision	supervision	NOUN
fbem-10179	21	17	to	to	PART
fbem-10179	21	18	make	make	VERB
fbem-10179	21	19	a	a	DET
fbem-10179	21	20	significant	significant	ADJ
fbem-10179	21	21	impact	impact	NOUN
fbem-10179	21	22	(	(	PUNCT
fbem-10179	21	23	huang	huang	PROPN
fbem-10179	21	24	&	&	CCONJ
fbem-10179	21	25	chen	chen	PROPN
fbem-10179	21	26	,	,	PUNCT
fbem-10179	21	27	2015	2015	NUM
fbem-10179	21	28	)	)	PUNCT
fbem-10179	21	29	.	.	PUNCT
fbem-10179	22	1	due	due	ADP
fbem-10179	22	2	to	to	ADP
fbem-10179	22	3	the	the	DET
fbem-10179	22	4	low	low	ADJ
fbem-10179	22	5	cost	cost	NOUN
fbem-10179	22	6	of	of	ADP
fbem-10179	22	7	noncompliance	noncompliance	NOUN
fbem-10179	22	8	,	,	PUNCT
fbem-10179	22	9	environmental	environmental	ADJ
fbem-10179	22	10	information	information	NOUN
fbem-10179	22	11	disclosure	disclosure	NOUN
fbem-10179	22	12	policies	policy	NOUN
fbem-10179	22	13	are	be	AUX
fbem-10179	22	14	not	not	PART
fbem-10179	22	15	as	as	ADV
fbem-10179	22	16	effective	effective	ADJ
fbem-10179	22	17	as	as	SCONJ
fbem-10179	22	18	they	they	PRON
fbem-10179	22	19	could	could	AUX
fbem-10179	22	20	be	be	AUX
fbem-10179	22	21	,	,	PUNCT
fbem-10179	22	22	and	and	CCONJ
fbem-10179	22	23	disclosure	disclosure	NOUN
fbem-10179	22	24	of	of	ADP
fbem-10179	22	25	unreasonable	unreasonable	ADJ
fbem-10179	22	26	content	content	NOUN
fbem-10179	22	27	and	and	CCONJ
fbem-10179	22	28	irregularities	irregularity	NOUN
fbem-10179	22	29	are	be	AUX
fbem-10179	22	30	common	common	ADJ
fbem-10179	22	31	(	(	PUNCT
fbem-10179	22	32	zou	zou	PROPN
fbem-10179	22	33	&	&	CCONJ
fbem-10179	22	34	zhong	zhong	PROPN
fbem-10179	22	35	,	,	PUNCT
fbem-10179	22	36	2022	2022	NUM
fbem-10179	22	37	)	)	PUNCT
fbem-10179	22	38	.	.	PUNCT
fbem-10179	23	1	at	at	ADP
fbem-10179	23	2	present	present	ADJ
fbem-10179	23	3	,	,	PUNCT
fbem-10179	23	4	there	there	PRON
fbem-10179	23	5	is	be	VERB
fbem-10179	23	6	still	still	ADV
fbem-10179	23	7	much	much	ADJ
fbem-10179	23	8	room	room	NOUN
fbem-10179	23	9	for	for	ADP
fbem-10179	23	10	improvement	improvement	NOUN
fbem-10179	23	11	in	in	ADP
fbem-10179	23	12	the	the	DET
fbem-10179	23	13	quality	quality	NOUN
fbem-10179	23	14	of	of	ADP
fbem-10179	23	15	environmental	environmental	ADJ
fbem-10179	23	16	information	information	NOUN
fbem-10179	23	17	disclosure	disclosure	NOUN
fbem-10179	23	18	,	,	PUNCT
fbem-10179	23	19	and	and	CCONJ
fbem-10179	23	20	the	the	DET
fbem-10179	23	21	content	content	NOUN
fbem-10179	23	22	of	of	ADP
fbem-10179	23	23	disclosure	disclosure	NOUN
fbem-10179	23	24	tends	tend	VERB
fbem-10179	23	25	to	to	PART
fbem-10179	23	26	be	be	AUX
fbem-10179	23	27	selective	selective	ADJ
fbem-10179	23	28	,	,	PUNCT
fbem-10179	23	29	especially	especially	ADV
fbem-10179	23	30	the	the	DET
fbem-10179	23	31	negative	negative	ADJ
fbem-10179	23	32	impact	impact	NOUN
fbem-10179	23	33	of	of	ADP
fbem-10179	23	34	pollutant	pollutant	ADJ
fbem-10179	23	35	emissions	emission	NOUN
fbem-10179	23	36	,	,	PUNCT
fbem-10179	23	37	related	relate	VERB
fbem-10179	23	38	legal	legal	ADJ
fbem-10179	23	39	proceedings	proceeding	NOUN
fbem-10179	23	40	and	and	CCONJ
fbem-10179	23	41	possible	possible	ADJ
fbem-10179	23	42	contingent	contingent	ADJ
fbem-10179	23	43	liabilities	liability	NOUN
fbem-10179	23	44	,	,	PUNCT
fbem-10179	23	45	etc	etc	X
fbem-10179	23	46	(	(	PUNCT
fbem-10179	23	47	zheng	zheng	X
fbem-10179	23	48	et	et	PROPN
fbem-10179	23	49	al	al	PROPN
fbem-10179	23	50	.	.	PROPN
fbem-10179	23	51	,	,	PUNCT
fbem-10179	23	52	2020	2020	NUM
fbem-10179	23	53	)	)	PUNCT
fbem-10179	23	54	.	.	PUNCT
fbem-10179	24	1	on	on	ADP
fbem-10179	24	2	the	the	DET
fbem-10179	24	3	whole	whole	NOUN
fbem-10179	24	4	,	,	PUNCT
fbem-10179	24	5	the	the	DET
fbem-10179	24	6	situation	situation	NOUN
fbem-10179	24	7	of	of	ADP
fbem-10179	24	8	environmental	environmental	ADJ
fbem-10179	24	9	information	information	NOUN
fbem-10179	24	10	disclosure	disclosure	NOUN
fbem-10179	24	11	of	of	ADP
fbem-10179	24	12	listed	list	VERB
fbem-10179	24	13	companies	company	NOUN
fbem-10179	24	14	in	in	ADP
fbem-10179	24	15	china	china	PROPN
fbem-10179	24	16	is	be	AUX
fbem-10179	24	17	not	not	PART
fbem-10179	24	18	optimistic	optimistic	ADJ
fbem-10179	24	19	:	:	PUNCT
fbem-10179	24	20	the	the	DET
fbem-10179	24	21	disclosure	disclosure	NOUN
fbem-10179	24	22	of	of	ADP
fbem-10179	24	23	the	the	DET
fbem-10179	24	24	information	information	NOUN
fbem-10179	24	25	is	be	AUX
fbem-10179	24	26	formal	formal	ADJ
fbem-10179	24	27	,	,	PUNCT
fbem-10179	24	28	and	and	CCONJ
fbem-10179	24	29	the	the	DET
fbem-10179	24	30	phenomenon	phenomenon	NOUN
fbem-10179	24	31	of	of	ADP
fbem-10179	24	32	reporting	report	VERB
fbem-10179	24	33	good	good	ADJ
fbem-10179	24	34	news	news	NOUN
fbem-10179	24	35	but	but	CCONJ
fbem-10179	24	36	not	not	PART
fbem-10179	24	37	bad	bad	ADJ
fbem-10179	24	38	is	be	AUX
fbem-10179	24	39	very	very	ADV
fbem-10179	24	40	prominent	prominent	ADJ
fbem-10179	24	41	;	;	PUNCT
fbem-10179	24	42	some	some	DET
fbem-10179	24	43	enterprises	enterprise	NOUN
fbem-10179	24	44	have	have	AUX
fbem-10179	24	45	disclosed	disclose	VERB
fbem-10179	24	46	environmental	environmental	ADJ
fbem-10179	24	47	information	information	NOUN
fbem-10179	24	48	,	,	PUNCT
fbem-10179	24	49	but	but	CCONJ
fbem-10179	24	50	the	the	DET
fbem-10179	24	51	disclosure	disclosure	NOUN
fbem-10179	24	52	of	of	ADP
fbem-10179	24	53	key	key	ADJ
fbem-10179	24	54	indicators	indicator	NOUN
fbem-10179	24	55	is	be	AUX
fbem-10179	24	56	not	not	PART
fbem-10179	24	57	in	in	ADP
fbem-10179	24	58	place	place	NOUN
fbem-10179	24	59	,	,	PUNCT
fbem-10179	24	60	and	and	CCONJ
fbem-10179	24	61	a	a	DET
fbem-10179	24	62	number	number	NOUN
fbem-10179	24	63	of	of	ADP
fbem-10179	24	64	high	high	ADJ
fbem-10179	24	65	-	-	PUNCT
fbem-10179	24	66	profile	profile	NOUN
fbem-10179	24	67	commitment	commitment	NOUN
fbem-10179	24	68	of	of	ADP
fbem-10179	24	69	enterprises	enterprise	NOUN
fbem-10179	24	70	lack	lack	NOUN
fbem-10179	24	71	of	of	ADP
fbem-10179	24	72	practical	practical	ADJ
fbem-10179	24	73	action	action	NOUN
fbem-10179	24	74	.	.	PUNCT
fbem-10179	25	1	therefore	therefore	ADV
fbem-10179	25	2	,	,	PUNCT
fbem-10179	25	3	how	how	SCONJ
fbem-10179	25	4	to	to	PART
fbem-10179	25	5	enhance	enhance	VERB
fbem-10179	25	6	the	the	DET
fbem-10179	25	7	awareness	awareness	NOUN
fbem-10179	25	8	of	of	ADP
fbem-10179	25	9	environmental	environmental	ADJ
fbem-10179	25	10	information	information	NOUN
fbem-10179	25	11	disclosure	disclosure	NOUN
fbem-10179	25	12	and	and	CCONJ
fbem-10179	25	13	improve	improve	VERB
fbem-10179	25	14	the	the	DET
fbem-10179	25	15	quality	quality	NOUN
fbem-10179	25	16	of	of	ADP
fbem-10179	25	17	environmental	environmental	ADJ
fbem-10179	25	18	information	information	NOUN
fbem-10179	25	19	disclosure	disclosure	NOUN
fbem-10179	25	20	has	have	AUX
fbem-10179	25	21	become	become	VERB
fbem-10179	25	22	a	a	DET
fbem-10179	25	23	hot	hot	ADJ
fbem-10179	25	24	topic	topic	NOUN
fbem-10179	25	25	of	of	ADP
fbem-10179	25	26	research	research	NOUN
fbem-10179	25	27	.	.	PUNCT
fbem-10179	26	1	since	since	SCONJ
fbem-10179	26	2	2000	2000	NUM
fbem-10179	26	3	,	,	PUNCT
fbem-10179	26	4	when	when	SCONJ
fbem-10179	26	5	the	the	DET
fbem-10179	26	6	china	china	PROPN
fbem-10179	26	7	securities	securities	PROPN
fbem-10179	26	8	regulatory	regulatory	PROPN
fbem-10179	26	9	commission	commission	PROPN
fbem-10179	26	10	(	(	PUNCT
fbem-10179	26	11	csrc	csrc	PROPN
fbem-10179	26	12	)	)	PUNCT
fbem-10179	26	13	first	first	ADV
fbem-10179	26	14	proposed	propose	VERB
fbem-10179	26	15	the	the	DET
fbem-10179	26	16	“	"	PUNCT
fbem-10179	26	17	extraordinary	extraordinary	ADJ
fbem-10179	26	18	development	development	NOUN
fbem-10179	26	19	of	of	ADP
fbem-10179	26	20	institutional	institutional	ADJ
fbem-10179	26	21	investors	investor	NOUN
fbem-10179	26	22	”	"	PUNCT
fbem-10179	26	23	,	,	PUNCT
fbem-10179	26	24	the	the	DET
fbem-10179	26	25	scale	scale	NOUN
fbem-10179	26	26	of	of	ADP
fbem-10179	26	27	institutional	institutional	ADJ
fbem-10179	26	28	investors	investor	NOUN
fbem-10179	26	29	in	in	ADP
fbem-10179	26	30	china	china	PROPN
fbem-10179	26	31	has	have	AUX
fbem-10179	26	32	expanded	expand	VERB
fbem-10179	26	33	rapidly	rapidly	ADV
fbem-10179	26	34	.	.	PUNCT
fbem-10179	27	1	in	in	ADP
fbem-10179	27	2	recent	recent	ADJ
fbem-10179	27	3	years	year	NOUN
fbem-10179	27	4	,	,	PUNCT
fbem-10179	27	5	the	the	DET
fbem-10179	27	6	phenomenon	phenomenon	NOUN
fbem-10179	27	7	of	of	ADP
fbem-10179	27	8	institutional	institutional	ADJ
fbem-10179	27	9	investors	investor	NOUN
fbem-10179	27	10	holding	hold	VERB
fbem-10179	27	11	stakes	stake	NOUN
fbem-10179	27	12	in	in	ADP
fbem-10179	27	13	multiple	multiple	ADJ
fbem-10179	27	14	firms	firm	NOUN
fbem-10179	27	15	in	in	ADP
fbem-10179	27	16	the	the	DET
fbem-10179	27	17	same	same	ADJ
fbem-10179	27	18	industry	industry	NOUN
fbem-10179	27	19	has	have	AUX
fbem-10179	27	20	gradually	gradually	ADV
fbem-10179	27	21	increased	increase	VERB
fbem-10179	27	22	,	,	PUNCT
fbem-10179	27	23	which	which	PRON
fbem-10179	27	24	is	be	AUX
fbem-10179	27	25	referred	refer	VERB
fbem-10179	27	26	to	to	ADP
fbem-10179	27	27	as	as	ADP
fbem-10179	27	28	“	"	PUNCT
fbem-10179	27	29	common	common	ADJ
fbem-10179	27	30	institutional	institutional	ADJ
fbem-10179	27	31	ownership	ownership	NOUN
fbem-10179	27	32	”	"	PUNCT
fbem-10179	27	33	(	(	PUNCT
fbem-10179	27	34	he	he	PRON
fbem-10179	27	35	&	&	CCONJ
fbem-10179	27	36	huang	huang	PROPN
fbem-10179	27	37	,	,	PUNCT
fbem-10179	27	38	2017	2017	NUM
fbem-10179	27	39	;	;	PUNCT
fbem-10179	27	40	azar	azar	PROPN
fbem-10179	27	41	et	et	PROPN
fbem-10179	27	42	al	al	PROPN
fbem-10179	27	43	.	.	PROPN
fbem-10179	27	44	,	,	PUNCT
fbem-10179	27	45	103	103	NUM
fbem-10179	27	46	2018	2018	NUM
fbem-10179	27	47	)	)	PUNCT
fbem-10179	27	48	.	.	PUNCT
fbem-10179	28	1	common	common	ADJ
fbem-10179	28	2	institutional	institutional	ADJ
fbem-10179	28	3	ownership	ownership	NOUN
fbem-10179	28	4	has	have	AUX
fbem-10179	28	5	led	lead	VERB
fbem-10179	28	6	to	to	ADP
fbem-10179	28	7	increasing	increase	VERB
fbem-10179	28	8	linkages	linkage	NOUN
fbem-10179	28	9	between	between	ADP
fbem-10179	28	10	firms	firm	NOUN
fbem-10179	28	11	in	in	ADP
fbem-10179	28	12	the	the	DET
fbem-10179	28	13	same	same	ADJ
fbem-10179	28	14	industry	industry	NOUN
fbem-10179	28	15	and	and	CCONJ
fbem-10179	28	16	has	have	AUX
fbem-10179	28	17	significantly	significantly	ADV
fbem-10179	28	18	impacted	impact	VERB
fbem-10179	28	19	micro	micro	ADJ
fbem-10179	28	20	-	-	ADJ
fbem-10179	28	21	firm	firm	ADJ
fbem-10179	28	22	behaviour	behaviour	NOUN
fbem-10179	28	23	(	(	PUNCT
fbem-10179	28	24	brooks	brooks	PROPN
fbem-10179	28	25	et	et	PROPN
fbem-10179	28	26	al	al	PROPN
fbem-10179	28	27	.	.	PROPN
fbem-10179	28	28	,	,	PUNCT
fbem-10179	28	29	2018	2018	NUM
fbem-10179	28	30	)	)	PUNCT
fbem-10179	28	31	.	.	PUNCT
fbem-10179	29	1	compared	compare	VERB
fbem-10179	29	2	to	to	ADP
fbem-10179	29	3	other	other	ADJ
fbem-10179	29	4	shareholders	shareholder	NOUN
fbem-10179	29	5	and	and	CCONJ
fbem-10179	29	6	institutional	institutional	ADJ
fbem-10179	29	7	investors	investor	NOUN
fbem-10179	29	8	,	,	PUNCT
fbem-10179	29	9	co	co	ADJ
fbem-10179	29	10	-	-	ADJ
fbem-10179	29	11	institutional	institutional	ADJ
fbem-10179	29	12	investors	investor	NOUN
fbem-10179	29	13	act	act	VERB
fbem-10179	29	14	as	as	ADP
fbem-10179	29	15	“	"	PUNCT
fbem-10179	29	16	industry	industry	NOUN
fbem-10179	29	17	pivots	pivot	NOUN
fbem-10179	29	18	”	"	PUNCT
fbem-10179	29	19	in	in	ADP
fbem-10179	29	20	the	the	DET
fbem-10179	29	21	capital	capital	NOUN
fbem-10179	29	22	market	market	NOUN
fbem-10179	29	23	and	and	CCONJ
fbem-10179	29	24	have	have	VERB
fbem-10179	29	25	an	an	DET
fbem-10179	29	26	advantage	advantage	NOUN
fbem-10179	29	27	regarding	regard	VERB
fbem-10179	29	28	private	private	ADJ
fbem-10179	29	29	information	information	NOUN
fbem-10179	29	30	,	,	PUNCT
fbem-10179	29	31	management	management	NOUN
fbem-10179	29	32	knowledge	knowledge	NOUN
fbem-10179	29	33	and	and	CCONJ
fbem-10179	29	34	industry	industry	NOUN
fbem-10179	29	35	experience	experience	NOUN
fbem-10179	29	36	(	(	PUNCT
fbem-10179	29	37	chen	chen	PROPN
fbem-10179	29	38	et	et	PROPN
fbem-10179	29	39	al	al	PROPN
fbem-10179	29	40	.	.	PROPN
fbem-10179	29	41	,	,	PUNCT
fbem-10179	29	42	2021	2021	NUM
fbem-10179	29	43	)	)	PUNCT
fbem-10179	29	44	.	.	PUNCT
fbem-10179	30	1	moreover	moreover	ADV
fbem-10179	30	2	,	,	PUNCT
fbem-10179	30	3	co	co	ADJ
fbem-10179	30	4	-	-	ADJ
fbem-10179	30	5	institutional	institutional	ADJ
fbem-10179	30	6	investors	investor	NOUN
fbem-10179	30	7	act	act	VERB
fbem-10179	30	8	as	as	ADP
fbem-10179	30	9	specialized	specialized	ADJ
fbem-10179	30	10	majority	majority	NOUN
fbem-10179	30	11	shareholders	shareholder	NOUN
fbem-10179	30	12	,	,	PUNCT
fbem-10179	30	13	often	often	ADV
fbem-10179	30	14	with	with	ADP
fbem-10179	30	15	the	the	DET
fbem-10179	30	16	aim	aim	NOUN
fbem-10179	30	17	of	of	ADP
fbem-10179	30	18	holding	hold	VERB
fbem-10179	30	19	stakes	stake	NOUN
fbem-10179	30	20	in	in	ADP
fbem-10179	30	21	multiple	multiple	ADJ
fbem-10179	30	22	companies	company	NOUN
fbem-10179	30	23	(	(	PUNCT
fbem-10179	30	24	gao	gao	PROPN
fbem-10179	30	25	et	et	PROPN
fbem-10179	30	26	al	al	PROPN
fbem-10179	30	27	.	.	PROPN
fbem-10179	30	28	,	,	PUNCT
fbem-10179	30	29	2019	2019	NUM
fbem-10179	30	30	)	)	PUNCT
fbem-10179	30	31	.	.	PUNCT
fbem-10179	31	1	with	with	ADP
fbem-10179	31	2	the	the	DET
fbem-10179	31	3	goal	goal	NOUN
fbem-10179	31	4	of	of	ADP
fbem-10179	31	5	enhancing	enhance	VERB
fbem-10179	31	6	portfolio	portfolio	NOUN
fbem-10179	31	7	value	value	NOUN
fbem-10179	31	8	,	,	PUNCT
fbem-10179	31	9	coinstitutional	coinstitutional	ADJ
fbem-10179	31	10	investors	investor	NOUN
fbem-10179	31	11	are	be	AUX
fbem-10179	31	12	more	more	ADV
fbem-10179	31	13	concerned	concerned	ADJ
fbem-10179	31	14	about	about	ADP
fbem-10179	31	15	the	the	DET
fbem-10179	31	16	economic	economic	ADJ
fbem-10179	31	17	consequences	consequence	NOUN
fbem-10179	31	18	of	of	ADP
fbem-10179	31	19	major	major	ADJ
fbem-10179	31	20	corporate	corporate	ADJ
fbem-10179	31	21	decisions	decision	NOUN
fbem-10179	31	22	(	(	PUNCT
fbem-10179	31	23	gao	gao	PROPN
fbem-10179	31	24	et	et	PROPN
fbem-10179	31	25	al	al	PROPN
fbem-10179	31	26	.	.	PROPN
fbem-10179	31	27	,	,	PUNCT
fbem-10179	31	28	2019	2019	NUM
fbem-10179	31	29	)	)	PUNCT
fbem-10179	31	30	and	and	CCONJ
fbem-10179	31	31	can	can	AUX
fbem-10179	31	32	exert	exert	VERB
fbem-10179	31	33	substantial	substantial	ADJ
fbem-10179	31	34	influence	influence	NOUN
fbem-10179	31	35	on	on	ADP
fbem-10179	31	36	corporate	corporate	ADJ
fbem-10179	31	37	management	management	NOUN
fbem-10179	31	38	and	and	CCONJ
fbem-10179	31	39	investment	investment	NOUN
fbem-10179	31	40	decisions	decision	NOUN
fbem-10179	31	41	by	by	ADP
fbem-10179	31	42	influencing	influence	VERB
fbem-10179	31	43	the	the	DET
fbem-10179	31	44	board	board	NOUN
fbem-10179	31	45	of	of	ADP
fbem-10179	31	46	directors	director	NOUN
fbem-10179	31	47	and	and	CCONJ
fbem-10179	31	48	management	management	NOUN
fbem-10179	31	49	(	(	PUNCT
fbem-10179	31	50	gilje	gilje	PROPN
fbem-10179	31	51	et	et	PROPN
fbem-10179	31	52	al	al	PROPN
fbem-10179	31	53	.	.	PROPN
fbem-10179	31	54	,	,	PUNCT
fbem-10179	31	55	2020	2020	NUM
fbem-10179	31	56	;	;	PUNCT
fbem-10179	31	57	koch	koch	PROPN
fbem-10179	31	58	et	et	PROPN
fbem-10179	31	59	al	al	PROPN
fbem-10179	31	60	.	.	PROPN
fbem-10179	31	61	,	,	PUNCT
fbem-10179	31	62	2021	2021	NUM
fbem-10179	31	63	)	)	PUNCT
fbem-10179	31	64	.	.	PUNCT
fbem-10179	32	1	so	so	ADV
fbem-10179	32	2	,	,	PUNCT
fbem-10179	32	3	does	do	AUX
fbem-10179	32	4	the	the	DET
fbem-10179	32	5	introduction	introduction	NOUN
fbem-10179	32	6	of	of	ADP
fbem-10179	32	7	common	common	ADJ
fbem-10179	32	8	institutional	institutional	ADJ
fbem-10179	32	9	ownership	ownership	NOUN
fbem-10179	32	10	have	have	VERB
fbem-10179	32	11	an	an	DET
fbem-10179	32	12	impact	impact	NOUN
fbem-10179	32	13	on	on	ADP
fbem-10179	32	14	the	the	DET
fbem-10179	32	15	quality	quality	NOUN
fbem-10179	32	16	of	of	ADP
fbem-10179	32	17	environmental	environmental	ADJ
fbem-10179	32	18	information	information	NOUN
fbem-10179	32	19	disclosure	disclosure	NOUN
fbem-10179	32	20	?	?	PUNCT
fbem-10179	33	1	does	do	AUX
fbem-10179	33	2	it	it	PRON
fbem-10179	33	3	function	function	VERB
fbem-10179	33	4	as	as	ADP
fbem-10179	33	5	synergistic	synergistic	ADJ
fbem-10179	33	6	governance	governance	NOUN
fbem-10179	33	7	or	or	CCONJ
fbem-10179	33	8	collusive	collusive	ADJ
fbem-10179	33	9	fraud	fraud	NOUN
fbem-10179	33	10	?	?	PUNCT
fbem-10179	34	1	based	base	VERB
fbem-10179	34	2	on	on	ADP
fbem-10179	34	3	the	the	DET
fbem-10179	34	4	review	review	NOUN
fbem-10179	34	5	and	and	CCONJ
fbem-10179	34	6	discussion	discussion	NOUN
fbem-10179	34	7	of	of	ADP
fbem-10179	34	8	the	the	DET
fbem-10179	34	9	abovementioned	abovementione	VERB
fbem-10179	34	10	important	important	ADJ
fbem-10179	34	11	literature	literature	NOUN
fbem-10179	34	12	,	,	PUNCT
fbem-10179	34	13	this	this	DET
fbem-10179	34	14	paper	paper	NOUN
fbem-10179	34	15	selects	select	VERB
fbem-10179	34	16	chinese	chinese	ADJ
fbem-10179	34	17	a	a	DET
fbem-10179	34	18	-	-	PUNCT
fbem-10179	34	19	share	share	NOUN
fbem-10179	34	20	listed	list	VERB
fbem-10179	34	21	firms	firm	NOUN
fbem-10179	34	22	from	from	ADP
fbem-10179	34	23	2010	2010	NUM
fbem-10179	34	24	-	-	SYM
fbem-10179	34	25	2021	2021	NUM
fbem-10179	34	26	as	as	ADP
fbem-10179	34	27	a	a	DET
fbem-10179	34	28	research	research	NOUN
fbem-10179	34	29	sample	sample	NOUN
fbem-10179	34	30	to	to	PART
fbem-10179	34	31	study	study	VERB
fbem-10179	34	32	the	the	DET
fbem-10179	34	33	impact	impact	NOUN
fbem-10179	34	34	of	of	ADP
fbem-10179	34	35	common	common	ADJ
fbem-10179	34	36	institutional	institutional	ADJ
fbem-10179	34	37	ownership	ownership	NOUN
fbem-10179	34	38	on	on	ADP
fbem-10179	34	39	the	the	DET
fbem-10179	34	40	quality	quality	NOUN
fbem-10179	34	41	of	of	ADP
fbem-10179	34	42	environmental	environmental	ADJ
fbem-10179	34	43	information	information	NOUN
fbem-10179	34	44	disclosure	disclosure	NOUN
fbem-10179	34	45	.	.	PUNCT
fbem-10179	35	1	the	the	DET
fbem-10179	35	2	main	main	ADJ
fbem-10179	35	3	contributions	contribution	NOUN
fbem-10179	35	4	of	of	ADP
fbem-10179	35	5	this	this	DET
fbem-10179	35	6	paper	paper	NOUN
fbem-10179	35	7	are	be	AUX
fbem-10179	35	8	as	as	SCONJ
fbem-10179	35	9	follows	follow	VERB
fbem-10179	35	10	.	.	PUNCT
fbem-10179	36	1	first	first	ADV
fbem-10179	36	2	,	,	PUNCT
fbem-10179	36	3	this	this	DET
fbem-10179	36	4	paper	paper	NOUN
fbem-10179	36	5	contributes	contribute	VERB
fbem-10179	36	6	to	to	ADP
fbem-10179	36	7	the	the	DET
fbem-10179	36	8	study	study	NOUN
fbem-10179	36	9	of	of	ADP
fbem-10179	36	10	how	how	SCONJ
fbem-10179	36	11	to	to	PART
fbem-10179	36	12	effectively	effectively	ADV
fbem-10179	36	13	improve	improve	VERB
fbem-10179	36	14	firms	firm	NOUN
fbem-10179	36	15	’	'	PUNCT
fbem-10179	36	16	environmental	environmental	ADJ
fbem-10179	36	17	information	information	NOUN
fbem-10179	36	18	disclosure	disclosure	NOUN
fbem-10179	36	19	quality	quality	NOUN
fbem-10179	36	20	by	by	ADP
fbem-10179	36	21	identifying	identify	VERB
fbem-10179	36	22	the	the	DET
fbem-10179	36	23	common	common	ADJ
fbem-10179	36	24	institutional	institutional	ADJ
fbem-10179	36	25	ownership	ownership	NOUN
fbem-10179	36	26	from	from	ADP
fbem-10179	36	27	the	the	DET
fbem-10179	36	28	perspective	perspective	NOUN
fbem-10179	36	29	of	of	ADP
fbem-10179	36	30	external	external	ADJ
fbem-10179	36	31	governance	governance	NOUN
fbem-10179	36	32	mechanisms	mechanism	NOUN
fbem-10179	36	33	.	.	PUNCT
fbem-10179	37	1	in	in	ADP
fbem-10179	37	2	addition	addition	NOUN
fbem-10179	37	3	,	,	PUNCT
fbem-10179	37	4	this	this	DET
fbem-10179	37	5	paper	paper	NOUN
fbem-10179	37	6	enriches	enrich	VERB
fbem-10179	37	7	the	the	DET
fbem-10179	37	8	research	research	NOUN
fbem-10179	37	9	on	on	ADP
fbem-10179	37	10	the	the	DET
fbem-10179	37	11	economic	economic	ADJ
fbem-10179	37	12	consequences	consequence	NOUN
fbem-10179	37	13	of	of	ADP
fbem-10179	37	14	common	common	ADJ
fbem-10179	37	15	institutional	institutional	ADJ
fbem-10179	37	16	ownership	ownership	NOUN
fbem-10179	37	17	.	.	PUNCT
fbem-10179	38	1	finally	finally	ADV
fbem-10179	38	2	,	,	PUNCT
fbem-10179	38	3	this	this	DET
fbem-10179	38	4	study	study	NOUN
fbem-10179	38	5	may	may	AUX
fbem-10179	38	6	provide	provide	VERB
fbem-10179	38	7	practical	practical	ADJ
fbem-10179	38	8	implications	implication	NOUN
fbem-10179	38	9	for	for	SCONJ
fbem-10179	38	10	policymakers	policymaker	NOUN
fbem-10179	38	11	to	to	PART
fbem-10179	38	12	improve	improve	VERB
fbem-10179	38	13	the	the	DET
fbem-10179	38	14	environmental	environmental	ADJ
fbem-10179	38	15	information	information	NOUN
fbem-10179	38	16	disclosure	disclosure	NOUN
fbem-10179	38	17	system	system	NOUN
fbem-10179	38	18	and	and	CCONJ
fbem-10179	38	19	promote	promote	VERB
fbem-10179	38	20	the	the	DET
fbem-10179	38	21	practice	practice	NOUN
fbem-10179	38	22	of	of	ADP
fbem-10179	38	23	“	"	PUNCT
fbem-10179	38	24	genuine	genuine	ADJ
fbem-10179	38	25	green	green	ADJ
fbem-10179	38	26	”	"	PUNCT
fbem-10179	38	27	environmental	environmental	ADJ
fbem-10179	38	28	responsibility	responsibility	NOUN
fbem-10179	38	29	.	.	PUNCT
fbem-10179	39	1	2	2	X
fbem-10179	39	2	.	.	X
fbem-10179	39	3	hypothesis	hypothesis	NOUN
fbem-10179	39	4	development	development	NOUN
fbem-10179	39	5	as	as	ADP
fbem-10179	39	6	environmental	environmental	ADJ
fbem-10179	39	7	performance	performance	NOUN
fbem-10179	39	8	has	have	AUX
fbem-10179	39	9	become	become	VERB
fbem-10179	39	10	an	an	DET
fbem-10179	39	11	essential	essential	ADJ
fbem-10179	39	12	aspect	aspect	NOUN
fbem-10179	39	13	of	of	ADP
fbem-10179	39	14	modern	modern	ADJ
fbem-10179	39	15	corporate	corporate	ADJ
fbem-10179	39	16	legitimacy	legitimacy	NOUN
fbem-10179	39	17	,	,	PUNCT
fbem-10179	39	18	companies	company	NOUN
fbem-10179	39	19	use	use	VERB
fbem-10179	39	20	environmental	environmental	ADJ
fbem-10179	39	21	disclosure	disclosure	NOUN
fbem-10179	39	22	for	for	ADP
fbem-10179	39	23	legitimacy	legitimacy	NOUN
fbem-10179	39	24	management	management	NOUN
fbem-10179	39	25	to	to	PART
fbem-10179	39	26	build	build	VERB
fbem-10179	39	27	a	a	DET
fbem-10179	39	28	green	green	ADJ
fbem-10179	39	29	image	image	NOUN
fbem-10179	39	30	,	,	PUNCT
fbem-10179	39	31	influence	influence	VERB
fbem-10179	39	32	public	public	ADJ
fbem-10179	39	33	perception	perception	NOUN
fbem-10179	39	34	of	of	ADP
fbem-10179	39	35	their	their	PRON
fbem-10179	39	36	environmental	environmental	ADJ
fbem-10179	39	37	performance	performance	NOUN
fbem-10179	39	38	and	and	CCONJ
fbem-10179	39	39	improve	improve	VERB
fbem-10179	39	40	their	their	PRON
fbem-10179	39	41	environmental	environmental	ADJ
fbem-10179	39	42	legitimacy	legitimacy	NOUN
fbem-10179	39	43	(	(	PUNCT
fbem-10179	39	44	berrone	berrone	NOUN
fbem-10179	39	45	et	et	NOUN
fbem-10179	39	46	al	al	PROPN
fbem-10179	39	47	.	.	PROPN
fbem-10179	39	48	,	,	PUNCT
fbem-10179	39	49	2017	2017	NUM
fbem-10179	39	50	;	;	PUNCT
fbem-10179	39	51	taeuscher	taeuscher	NOUN
fbem-10179	39	52	&	&	CCONJ
fbem-10179	39	53	rothe	rothe	PROPN
fbem-10179	39	54	,	,	PUNCT
fbem-10179	39	55	2021	2021	NUM
fbem-10179	39	56	)	)	PUNCT
fbem-10179	39	57	.	.	PUNCT
fbem-10179	40	1	environmental	environmental	ADJ
fbem-10179	40	2	disclosure	disclosure	NOUN
fbem-10179	40	3	gives	give	VERB
fbem-10179	40	4	organizations	organization	NOUN
fbem-10179	40	5	a	a	DET
fbem-10179	40	6	way	way	NOUN
fbem-10179	40	7	to	to	PART
fbem-10179	40	8	maintain	maintain	VERB
fbem-10179	40	9	their	their	PRON
fbem-10179	40	10	legitimacy	legitimacy	NOUN
fbem-10179	40	11	without	without	ADP
fbem-10179	40	12	having	have	VERB
fbem-10179	40	13	to	to	PART
fbem-10179	40	14	change	change	VERB
fbem-10179	40	15	their	their	PRON
fbem-10179	40	16	economic	economic	ADJ
fbem-10179	40	17	model	model	NOUN
fbem-10179	40	18	(	(	PUNCT
fbem-10179	40	19	ahmad	ahmad	PROPN
fbem-10179	40	20	et	et	PROPN
fbem-10179	40	21	al	al	PROPN
fbem-10179	40	22	.	.	PROPN
fbem-10179	40	23	,	,	PUNCT
fbem-10179	40	24	2019	2019	NUM
fbem-10179	40	25	)	)	PUNCT
fbem-10179	40	26	.	.	PUNCT
fbem-10179	41	1	unlike	unlike	ADP
fbem-10179	41	2	other	other	ADJ
fbem-10179	41	3	information	information	NOUN
fbem-10179	41	4	,	,	PUNCT
fbem-10179	41	5	the	the	DET
fbem-10179	41	6	diversity	diversity	NOUN
fbem-10179	41	7	and	and	CCONJ
fbem-10179	41	8	complexity	complexity	NOUN
fbem-10179	41	9	of	of	ADP
fbem-10179	41	10	environmental	environmental	ADJ
fbem-10179	41	11	information	information	NOUN
fbem-10179	41	12	provide	provide	VERB
fbem-10179	41	13	management	management	NOUN
fbem-10179	41	14	with	with	ADP
fbem-10179	41	15	greater	great	ADJ
fbem-10179	41	16	disclosure	disclosure	NOUN
fbem-10179	41	17	discretion	discretion	NOUN
fbem-10179	41	18	and	and	CCONJ
fbem-10179	41	19	room	room	NOUN
fbem-10179	41	20	for	for	ADP
fbem-10179	41	21	manipulation	manipulation	NOUN
fbem-10179	41	22	(	(	PUNCT
fbem-10179	41	23	huang	huang	PROPN
fbem-10179	41	24	&	&	CCONJ
fbem-10179	41	25	chen	chen	PROPN
fbem-10179	41	26	,	,	PUNCT
fbem-10179	41	27	2015	2015	NUM
fbem-10179	41	28	)	)	PUNCT
fbem-10179	41	29	.	.	PUNCT
fbem-10179	42	1	meanwhile	meanwhile	ADV
fbem-10179	42	2	,	,	PUNCT
fbem-10179	42	3	the	the	DET
fbem-10179	42	4	corporate	corporate	ADJ
fbem-10179	42	5	governance	governance	NOUN
fbem-10179	42	6	role	role	NOUN
fbem-10179	42	7	of	of	ADP
fbem-10179	42	8	common	common	ADJ
fbem-10179	42	9	institutional	institutional	ADJ
fbem-10179	42	10	ownership	ownership	NOUN
fbem-10179	42	11	has	have	AUX
fbem-10179	42	12	attracted	attract	VERB
fbem-10179	42	13	much	much	ADJ
fbem-10179	42	14	attention	attention	NOUN
fbem-10179	42	15	from	from	ADP
fbem-10179	42	16	academics	academic	NOUN
fbem-10179	42	17	and	and	CCONJ
fbem-10179	42	18	industry	industry	NOUN
fbem-10179	42	19	in	in	ADP
fbem-10179	42	20	recent	recent	ADJ
fbem-10179	42	21	years	year	NOUN
fbem-10179	42	22	.	.	PUNCT
fbem-10179	43	1	however	however	ADV
fbem-10179	43	2	,	,	PUNCT
fbem-10179	43	3	there	there	PRON
fbem-10179	43	4	is	be	VERB
fbem-10179	43	5	no	no	DET
fbem-10179	43	6	unanimous	unanimous	ADJ
fbem-10179	43	7	conclusion	conclusion	NOUN
fbem-10179	43	8	on	on	ADP
fbem-10179	43	9	the	the	DET
fbem-10179	43	10	corporate	corporate	ADJ
fbem-10179	43	11	governance	governance	NOUN
fbem-10179	43	12	role	role	NOUN
fbem-10179	43	13	of	of	ADP
fbem-10179	43	14	common	common	ADJ
fbem-10179	43	15	institutional	institutional	ADJ
fbem-10179	43	16	ownership	ownership	NOUN
fbem-10179	43	17	,	,	PUNCT
fbem-10179	43	18	and	and	CCONJ
fbem-10179	43	19	there	there	PRON
fbem-10179	43	20	are	be	VERB
fbem-10179	43	21	mainly	mainly	ADV
fbem-10179	43	22	two	two	NUM
fbem-10179	43	23	types	type	NOUN
fbem-10179	43	24	of	of	ADP
fbem-10179	43	25	views	view	NOUN
fbem-10179	43	26	:	:	PUNCT
fbem-10179	43	27	“	"	PUNCT
fbem-10179	43	28	synergistic	synergistic	ADJ
fbem-10179	43	29	governance	governance	NOUN
fbem-10179	43	30	”	"	PUNCT
fbem-10179	43	31	and	and	CCONJ
fbem-10179	43	32	“	"	PUNCT
fbem-10179	43	33	collusive	collusive	ADJ
fbem-10179	43	34	fraud	fraud	NOUN
fbem-10179	43	35	”	"	PUNCT
fbem-10179	43	36	.	.	PUNCT
fbem-10179	44	1	based	base	VERB
fbem-10179	44	2	on	on	ADP
fbem-10179	44	3	this	this	PRON
fbem-10179	44	4	,	,	PUNCT
fbem-10179	44	5	the	the	DET
fbem-10179	44	6	paper	paper	NOUN
fbem-10179	44	7	argues	argue	VERB
fbem-10179	44	8	that	that	SCONJ
fbem-10179	44	9	common	common	ADJ
fbem-10179	44	10	institutional	institutional	ADJ
fbem-10179	44	11	ownership	ownership	NOUN
fbem-10179	44	12	may	may	AUX
fbem-10179	44	13	have	have	VERB
fbem-10179	44	14	a	a	DET
fbem-10179	44	15	dual	dual	ADJ
fbem-10179	44	16	impact	impact	NOUN
fbem-10179	44	17	on	on	ADP
fbem-10179	44	18	the	the	DET
fbem-10179	44	19	quality	quality	NOUN
fbem-10179	44	20	of	of	ADP
fbem-10179	44	21	environmental	environmental	ADJ
fbem-10179	44	22	information	information	NOUN
fbem-10179	44	23	disclosure	disclosure	NOUN
fbem-10179	44	24	and	and	CCONJ
fbem-10179	44	25	formulates	formulate	VERB
fbem-10179	44	26	the	the	DET
fbem-10179	44	27	following	follow	VERB
fbem-10179	44	28	competing	compete	VERB
fbem-10179	44	29	hypotheses	hypothesis	NOUN
fbem-10179	44	30	.	.	PUNCT
fbem-10179	45	1	2.1	2.1	NUM
fbem-10179	45	2	.	.	PUNCT
fbem-10179	46	1	the	the	DET
fbem-10179	46	2	synergistic	synergistic	ADJ
fbem-10179	46	3	governance	governance	NOUN
fbem-10179	46	4	effect	effect	NOUN
fbem-10179	46	5	of	of	ADP
fbem-10179	46	6	common	common	ADJ
fbem-10179	46	7	institutional	institutional	ADJ
fbem-10179	46	8	ownership	ownership	NOUN
fbem-10179	46	9	as	as	ADP
fbem-10179	46	10	an	an	DET
fbem-10179	46	11	essential	essential	ADJ
fbem-10179	46	12	way	way	NOUN
fbem-10179	46	13	of	of	ADP
fbem-10179	46	14	communicating	communicate	VERB
fbem-10179	46	15	information	information	NOUN
fbem-10179	46	16	to	to	ADP
fbem-10179	46	17	the	the	DET
fbem-10179	46	18	public	public	ADJ
fbem-10179	46	19	,	,	PUNCT
fbem-10179	46	20	environmental	environmental	ADJ
fbem-10179	46	21	information	information	NOUN
fbem-10179	46	22	disclosure	disclosure	NOUN
fbem-10179	46	23	has	have	AUX
fbem-10179	46	24	become	become	VERB
fbem-10179	46	25	an	an	DET
fbem-10179	46	26	effective	effective	ADJ
fbem-10179	46	27	means	mean	NOUN
fbem-10179	46	28	for	for	SCONJ
fbem-10179	46	29	enterprises	enterprise	NOUN
fbem-10179	46	30	to	to	PART
fbem-10179	46	31	maintain	maintain	VERB
fbem-10179	46	32	the	the	DET
fbem-10179	46	33	legitimacy	legitimacy	NOUN
fbem-10179	46	34	of	of	ADP
fbem-10179	46	35	their	their	PRON
fbem-10179	46	36	organizations	organization	NOUN
fbem-10179	46	37	(	(	PUNCT
fbem-10179	46	38	bansal	bansal	NOUN
fbem-10179	46	39	&	&	CCONJ
fbem-10179	46	40	clelland	clelland	PROPN
fbem-10179	46	41	,	,	PUNCT
fbem-10179	46	42	2004	2004	NUM
fbem-10179	46	43	)	)	PUNCT
fbem-10179	46	44	.	.	PUNCT
fbem-10179	47	1	from	from	ADP
fbem-10179	47	2	the	the	DET
fbem-10179	47	3	perspective	perspective	NOUN
fbem-10179	47	4	of	of	ADP
fbem-10179	47	5	signalling	signal	VERB
fbem-10179	47	6	theory	theory	NOUN
fbem-10179	47	7	,	,	PUNCT
fbem-10179	47	8	well	well	ADV
fbem-10179	47	9	-	-	PUNCT
fbem-10179	47	10	governed	govern	VERB
fbem-10179	47	11	companies	company	NOUN
fbem-10179	47	12	place	place	VERB
fbem-10179	47	13	greater	great	ADJ
fbem-10179	47	14	emphasis	emphasis	NOUN
fbem-10179	47	15	on	on	ADP
fbem-10179	47	16	the	the	DET
fbem-10179	47	17	impact	impact	NOUN
fbem-10179	47	18	of	of	ADP
fbem-10179	47	19	environmental	environmental	ADJ
fbem-10179	47	20	disclosure	disclosure	NOUN
fbem-10179	47	21	on	on	ADP
fbem-10179	47	22	value	value	NOUN
fbem-10179	47	23	enhancement	enhancement	NOUN
fbem-10179	47	24	and	and	CCONJ
fbem-10179	47	25	the	the	DET
fbem-10179	47	26	timely	timely	ADJ
fbem-10179	47	27	meeting	meeting	NOUN
fbem-10179	47	28	stakeholders	stakeholder	NOUN
fbem-10179	47	29	’	'	PUNCT
fbem-10179	47	30	environmental	environmental	ADJ
fbem-10179	47	31	demands	demand	NOUN
fbem-10179	47	32	(	(	PUNCT
fbem-10179	47	33	boiral	boiral	ADJ
fbem-10179	47	34	et	et	PROPN
fbem-10179	47	35	al	al	PROPN
fbem-10179	47	36	.	.	PROPN
fbem-10179	47	37	,	,	PUNCT
fbem-10179	47	38	2018	2018	NUM
fbem-10179	47	39	)	)	PUNCT
fbem-10179	47	40	.	.	PUNCT
fbem-10179	48	1	co	co	VERB
fbem-10179	48	2	-	-	ADJ
fbem-10179	48	3	institutional	institutional	ADJ
fbem-10179	48	4	investors	investor	NOUN
fbem-10179	48	5	hold	hold	VERB
fbem-10179	48	6	equity	equity	NOUN
fbem-10179	48	7	for	for	ADP
fbem-10179	48	8	the	the	DET
fbem-10179	48	9	long	long	ADJ
fbem-10179	48	10	term	term	NOUN
fbem-10179	48	11	and	and	CCONJ
fbem-10179	48	12	are	be	AUX
fbem-10179	48	13	more	more	ADV
fbem-10179	48	14	concerned	concerned	ADJ
fbem-10179	48	15	about	about	ADP
fbem-10179	48	16	the	the	DET
fbem-10179	48	17	strategic	strategic	ADJ
fbem-10179	48	18	decisions	decision	NOUN
fbem-10179	48	19	and	and	CCONJ
fbem-10179	48	20	economic	economic	ADJ
fbem-10179	48	21	consequences	consequence	NOUN
fbem-10179	48	22	of	of	ADP
fbem-10179	48	23	the	the	DET
fbem-10179	48	24	companies	company	NOUN
fbem-10179	48	25	they	they	PRON
fbem-10179	48	26	are	be	AUX
fbem-10179	48	27	linked	link	VERB
fbem-10179	48	28	to	to	ADP
fbem-10179	48	29	(	(	PUNCT
fbem-10179	48	30	koch	koch	PROPN
fbem-10179	48	31	et	et	PROPN
fbem-10179	48	32	al	al	PROPN
fbem-10179	48	33	.	.	PROPN
fbem-10179	48	34	,	,	PUNCT
fbem-10179	48	35	2021	2021	NUM
fbem-10179	48	36	)	)	PUNCT
fbem-10179	48	37	.	.	PUNCT
fbem-10179	49	1	as	as	ADP
fbem-10179	49	2	a	a	DET
fbem-10179	49	3	result	result	NOUN
fbem-10179	49	4	,	,	PUNCT
fbem-10179	49	5	co	co	ADJ
fbem-10179	49	6	-	-	ADJ
fbem-10179	49	7	institutional	institutional	ADJ
fbem-10179	49	8	investors	investor	NOUN
fbem-10179	49	9	tend	tend	VERB
fbem-10179	49	10	to	to	PART
fbem-10179	49	11	be	be	AUX
fbem-10179	49	12	more	more	ADV
fbem-10179	49	13	forward	forward	ADV
fbem-10179	49	14	-	-	PUNCT
fbem-10179	49	15	thinking	thinking	NOUN
fbem-10179	49	16	in	in	ADP
fbem-10179	49	17	strategy	strategy	NOUN
fbem-10179	49	18	,	,	PUNCT
fbem-10179	49	19	have	have	VERB
fbem-10179	49	20	a	a	DET
fbem-10179	49	21	higher	high	ADJ
fbem-10179	49	22	risktaking	risktaking	ADJ
fbem-10179	49	23	capacity	capacity	NOUN
fbem-10179	49	24	,	,	PUNCT
fbem-10179	49	25	and	and	CCONJ
fbem-10179	49	26	have	have	VERB
fbem-10179	49	27	longer	long	ADJ
fbem-10179	49	28	-	-	PUNCT
fbem-10179	49	29	term	term	NOUN
fbem-10179	49	30	investment	investment	NOUN
fbem-10179	49	31	horizons	horizon	NOUN
fbem-10179	49	32	(	(	PUNCT
fbem-10179	49	33	schmalz	schmalz	PROPN
fbem-10179	49	34	,	,	PUNCT
fbem-10179	49	35	2018	2018	NUM
fbem-10179	49	36	;	;	PUNCT
fbem-10179	49	37	ramalingegowda	ramalingegowda	VERB
fbem-10179	49	38	et	et	PROPN
fbem-10179	49	39	al	al	PROPN
fbem-10179	49	40	.	.	PROPN
fbem-10179	49	41	,	,	PUNCT
fbem-10179	49	42	2020	2020	NUM
fbem-10179	49	43	)	)	PUNCT
fbem-10179	49	44	.	.	PUNCT
fbem-10179	50	1	hence	hence	ADV
fbem-10179	50	2	,	,	PUNCT
fbem-10179	50	3	the	the	DET
fbem-10179	50	4	introduction	introduction	NOUN
fbem-10179	50	5	of	of	ADP
fbem-10179	50	6	common	common	ADJ
fbem-10179	50	7	institutional	institutional	ADJ
fbem-10179	50	8	ownership	ownership	NOUN
fbem-10179	50	9	and	and	CCONJ
fbem-10179	50	10	a	a	DET
fbem-10179	50	11	diversified	diversified	ADJ
fbem-10179	50	12	shareholding	shareholding	NOUN
fbem-10179	50	13	structure	structure	NOUN
fbem-10179	50	14	will	will	AUX
fbem-10179	50	15	not	not	PART
fbem-10179	50	16	only	only	ADV
fbem-10179	50	17	increase	increase	VERB
fbem-10179	50	18	the	the	DET
fbem-10179	50	19	incentive	incentive	NOUN
fbem-10179	50	20	for	for	SCONJ
fbem-10179	50	21	shareholders	shareholder	NOUN
fbem-10179	50	22	to	to	PART
fbem-10179	50	23	participate	participate	VERB
fbem-10179	50	24	in	in	ADP
fbem-10179	50	25	monitoring	monitoring	NOUN
fbem-10179	50	26	but	but	CCONJ
fbem-10179	50	27	will	will	AUX
fbem-10179	50	28	also	also	ADV
fbem-10179	50	29	provide	provide	VERB
fbem-10179	50	30	a	a	DET
fbem-10179	50	31	suitable	suitable	ADJ
fbem-10179	50	32	mechanism	mechanism	NOUN
fbem-10179	50	33	for	for	ADP
fbem-10179	50	34	monitoring	monitor	VERB
fbem-10179	50	35	and	and	CCONJ
fbem-10179	50	36	checking	check	VERB
fbem-10179	50	37	the	the	DET
fbem-10179	50	38	manipulation	manipulation	NOUN
fbem-10179	50	39	of	of	ADP
fbem-10179	50	40	environmental	environmental	ADJ
fbem-10179	50	41	information	information	NOUN
fbem-10179	50	42	disclosure	disclosure	NOUN
fbem-10179	50	43	by	by	ADP
fbem-10179	50	44	major	major	ADJ
fbem-10179	50	45	shareholders	shareholder	NOUN
fbem-10179	50	46	,	,	PUNCT
fbem-10179	50	47	thus	thus	ADV
fbem-10179	50	48	promoting	promote	VERB
fbem-10179	50	49	the	the	DET
fbem-10179	50	50	practice	practice	NOUN
fbem-10179	50	51	of	of	ADP
fbem-10179	50	52	“	"	PUNCT
fbem-10179	50	53	genuine	genuine	ADJ
fbem-10179	50	54	green	green	ADJ
fbem-10179	50	55	”	"	PUNCT
fbem-10179	50	56	corporate	corporate	ADJ
fbem-10179	50	57	social	social	ADJ
fbem-10179	50	58	responsibility	responsibility	NOUN
fbem-10179	50	59	.	.	PUNCT
fbem-10179	51	1	moreover	moreover	ADV
fbem-10179	51	2	,	,	PUNCT
fbem-10179	51	3	companies	company	NOUN
fbem-10179	51	4	engaging	engage	VERB
fbem-10179	51	5	in	in	ADP
fbem-10179	51	6	manipulating	manipulate	VERB
fbem-10179	51	7	environmental	environmental	ADJ
fbem-10179	51	8	information	information	NOUN
fbem-10179	51	9	disclosure	disclosure	NOUN
fbem-10179	51	10	can	can	AUX
fbem-10179	51	11	leave	leave	VERB
fbem-10179	51	12	green	green	ADJ
fbem-10179	51	13	social	social	ADJ
fbem-10179	51	14	responsibility	responsibility	NOUN
fbem-10179	51	15	in	in	ADP
fbem-10179	51	16	an	an	DET
fbem-10179	51	17	ineffective	ineffective	ADJ
fbem-10179	51	18	lockstep	lockstep	NOUN
fbem-10179	51	19	for	for	ADP
fbem-10179	51	20	a	a	DET
fbem-10179	51	21	long	long	ADJ
fbem-10179	51	22	time	time	NOUN
fbem-10179	51	23	(	(	PUNCT
fbem-10179	51	24	santamaria	santamaria	PROPN
fbem-10179	51	25	et	et	PROPN
fbem-10179	51	26	al	al	PROPN
fbem-10179	51	27	,	,	PUNCT
fbem-10179	51	28	2021	2021	NUM
fbem-10179	51	29	)	)	PUNCT
fbem-10179	51	30	.	.	PUNCT
fbem-10179	52	1	in	in	ADP
fbem-10179	52	2	the	the	DET
fbem-10179	52	3	long	long	ADJ
fbem-10179	52	4	run	run	NOUN
fbem-10179	52	5	,	,	PUNCT
fbem-10179	52	6	this	this	PRON
fbem-10179	52	7	is	be	AUX
fbem-10179	52	8	detrimental	detrimental	ADJ
fbem-10179	52	9	to	to	ADP
fbem-10179	52	10	the	the	DET
fbem-10179	52	11	company	company	NOUN
fbem-10179	52	12	’s	’s	PART
fbem-10179	52	13	ability	ability	NOUN
fbem-10179	52	14	to	to	PART
fbem-10179	52	15	increase	increase	VERB
fbem-10179	52	16	its	its	PRON
fbem-10179	52	17	core	core	NOUN
fbem-10179	52	18	competencies	competency	NOUN
fbem-10179	52	19	and	and	CCONJ
fbem-10179	52	20	corporate	corporate	ADJ
fbem-10179	52	21	value	value	NOUN
fbem-10179	52	22	and	and	CCONJ
fbem-10179	52	23	indirectly	indirectly	ADV
fbem-10179	52	24	harms	harm	VERB
fbem-10179	52	25	the	the	DET
fbem-10179	52	26	interests	interest	NOUN
fbem-10179	52	27	of	of	ADP
fbem-10179	52	28	co	co	ADJ
fbem-10179	52	29	-	-	ADJ
fbem-10179	52	30	institutional	institutional	ADJ
fbem-10179	52	31	investors	investor	NOUN
fbem-10179	52	32	.	.	PUNCT
fbem-10179	53	1	in	in	ADP
fbem-10179	53	2	this	this	DET
fbem-10179	53	3	case	case	NOUN
fbem-10179	53	4	,	,	PUNCT
fbem-10179	53	5	the	the	DET
fbem-10179	53	6	co	co	ADJ
fbem-10179	53	7	-	-	ADJ
fbem-10179	53	8	institutional	institutional	ADJ
fbem-10179	53	9	investor	investor	NOUN
fbem-10179	53	10	plays	play	VERB
fbem-10179	53	11	a	a	DET
fbem-10179	53	12	supervisory	supervisory	ADJ
fbem-10179	53	13	role	role	NOUN
fbem-10179	53	14	in	in	ADP
fbem-10179	53	15	the	the	DET
fbem-10179	53	16	long	long	ADJ
fbem-10179	53	17	-	-	PUNCT
fbem-10179	53	18	term	term	NOUN
fbem-10179	53	19	health	health	NOUN
fbem-10179	53	20	of	of	ADP
fbem-10179	53	21	the	the	DET
fbem-10179	53	22	company	company	NOUN
fbem-10179	53	23	to	to	PART
fbem-10179	53	24	ask	ask	VERB
fbem-10179	53	25	enterprises	enterprise	NOUN
fbem-10179	53	26	to	to	PART
fbem-10179	53	27	disclose	disclose	VERB
fbem-10179	53	28	environmental	environmental	ADJ
fbem-10179	53	29	information	information	NOUN
fbem-10179	53	30	timely	timely	ADV
fbem-10179	53	31	and	and	CCONJ
fbem-10179	53	32	accurately	accurately	ADV
fbem-10179	53	33	.	.	PUNCT
fbem-10179	54	1	besides	besides	SCONJ
fbem-10179	54	2	,	,	PUNCT
fbem-10179	54	3	compared	compare	VERB
fbem-10179	54	4	to	to	ADP
fbem-10179	54	5	individual	individual	ADJ
fbem-10179	54	6	institutional	institutional	ADJ
fbem-10179	54	7	investors	investor	NOUN
fbem-10179	54	8	,	,	PUNCT
fbem-10179	54	9	coinstitutional	coinstitutional	ADJ
fbem-10179	54	10	investors	investor	NOUN
fbem-10179	54	11	have	have	VERB
fbem-10179	54	12	a	a	DET
fbem-10179	54	13	greater	great	ADJ
fbem-10179	54	14	incentive	incentive	NOUN
fbem-10179	54	15	and	and	CCONJ
fbem-10179	54	16	ability	ability	NOUN
fbem-10179	54	17	to	to	PART
fbem-10179	54	18	monitor	monitor	VERB
fbem-10179	54	19	and	and	CCONJ
fbem-10179	54	20	govern	govern	VERB
fbem-10179	54	21	the	the	DET
fbem-10179	54	22	companies	company	NOUN
fbem-10179	54	23	within	within	ADP
fbem-10179	54	24	their	their	PRON
fbem-10179	54	25	portfolio	portfolio	NOUN
fbem-10179	54	26	and	and	CCONJ
fbem-10179	54	27	to	to	PART
fbem-10179	54	28	professionalize	professionalize	VERB
fbem-10179	54	29	the	the	DET
fbem-10179	54	30	corporate	corporate	ADJ
fbem-10179	54	31	governance	governance	NOUN
fbem-10179	54	32	structure	structure	NOUN
fbem-10179	54	33	(	(	PUNCT
fbem-10179	54	34	gao	gao	PROPN
fbem-10179	54	35	et	et	PROPN
fbem-10179	54	36	al	al	PROPN
fbem-10179	54	37	.	.	PROPN
fbem-10179	54	38	,	,	PUNCT
fbem-10179	54	39	2019	2019	NUM
fbem-10179	54	40	)	)	PUNCT
fbem-10179	54	41	.	.	PUNCT
fbem-10179	55	1	in	in	ADP
fbem-10179	55	2	particular	particular	ADJ
fbem-10179	55	3	,	,	PUNCT
fbem-10179	55	4	co	co	ADJ
fbem-10179	55	5	-	-	ADJ
fbem-10179	55	6	institutional	institutional	ADJ
fbem-10179	55	7	investors	investor	NOUN
fbem-10179	55	8	can	can	AUX
fbem-10179	55	9	effectively	effectively	ADV
fbem-10179	55	10	curb	curb	VERB
fbem-10179	55	11	executives	executive	NOUN
fbem-10179	55	12	’	'	PUNCT
fbem-10179	55	13	short	short	ADV
fbem-10179	55	14	-	-	PUNCT
fbem-10179	55	15	sighted	sighted	ADJ
fbem-10179	55	16	and	and	CCONJ
fbem-10179	55	17	self	self	NOUN
fbem-10179	55	18	-	-	PUNCT
fbem-10179	55	19	interested	interested	ADJ
fbem-10179	55	20	tendencies	tendency	NOUN
fbem-10179	55	21	and	and	CCONJ
fbem-10179	55	22	reduce	reduce	VERB
fbem-10179	55	23	agency	agency	NOUN
fbem-10179	55	24	costs	cost	NOUN
fbem-10179	55	25	between	between	ADP
fbem-10179	55	26	shareholders	shareholder	NOUN
fbem-10179	55	27	and	and	CCONJ
fbem-10179	55	28	executives	executive	NOUN
fbem-10179	55	29	(	(	PUNCT
fbem-10179	55	30	koch	koch	PROPN
fbem-10179	55	31	et	et	PROPN
fbem-10179	55	32	al	al	PROPN
fbem-10179	55	33	.	.	PROPN
fbem-10179	55	34	,	,	PUNCT
fbem-10179	55	35	2021	2021	NUM
fbem-10179	55	36	)	)	PUNCT
fbem-10179	55	37	,	,	PUNCT
fbem-10179	55	38	enhancing	enhance	VERB
fbem-10179	55	39	the	the	DET
fbem-10179	55	40	active	active	ADJ
fbem-10179	55	41	and	and	CCONJ
fbem-10179	55	42	truthful	truthful	ADJ
fbem-10179	55	43	disclosure	disclosure	NOUN
fbem-10179	55	44	of	of	ADP
fbem-10179	55	45	environmental	environmental	ADJ
fbem-10179	55	46	information	information	NOUN
fbem-10179	55	47	and	and	CCONJ
fbem-10179	55	48	the	the	DET
fbem-10179	55	49	fulfilment	fulfilment	NOUN
fbem-10179	55	50	of	of	ADP
fbem-10179	55	51	environmental	environmental	ADJ
fbem-10179	55	52	social	social	ADJ
fbem-10179	55	53	responsibility	responsibility	NOUN
fbem-10179	55	54	by	by	ADP
fbem-10179	55	55	executives	executive	NOUN
fbem-10179	55	56	.	.	PUNCT
fbem-10179	56	1	furthermore	furthermore	ADV
fbem-10179	56	2	,	,	PUNCT
fbem-10179	56	3	co	co	ADJ
fbem-10179	56	4	-	-	ADJ
fbem-10179	56	5	institutional	institutional	ADJ
fbem-10179	56	6	investors	investor	NOUN
fbem-10179	56	7	have	have	VERB
fbem-10179	56	8	an	an	DET
fbem-10179	56	9	advantage	advantage	NOUN
fbem-10179	56	10	over	over	ADP
fbem-10179	56	11	ordinary	ordinary	ADJ
fbem-10179	56	12	institutional	institutional	ADJ
fbem-10179	56	13	investors	investor	NOUN
fbem-10179	56	14	in	in	ADP
fbem-10179	56	15	terms	term	NOUN
fbem-10179	56	16	of	of	ADP
fbem-10179	56	17	private	private	ADJ
fbem-10179	56	18	information	information	NOUN
fbem-10179	56	19	,	,	PUNCT
fbem-10179	56	20	management	management	NOUN
fbem-10179	56	21	knowledge	knowledge	NOUN
fbem-10179	56	22	and	and	CCONJ
fbem-10179	56	23	industry	industry	NOUN
fbem-10179	56	24	experience	experience	NOUN
fbem-10179	56	25	.	.	PUNCT
fbem-10179	57	1	they	they	PRON
fbem-10179	57	2	can	can	AUX
fbem-10179	57	3	play	play	VERB
fbem-10179	57	4	a	a	DET
fbem-10179	57	5	more	more	ADV
fbem-10179	57	6	vital	vital	ADJ
fbem-10179	57	7	external	external	ADJ
fbem-10179	57	8	oversight	oversight	NOUN
fbem-10179	57	9	role	role	NOUN
fbem-10179	57	10	,	,	PUNCT
fbem-10179	57	11	exerting	exert	VERB
fbem-10179	57	12	substantial	substantial	ADJ
fbem-10179	57	13	influence	influence	NOUN
fbem-10179	57	14	on	on	ADP
fbem-10179	57	15	corporate	corporate	ADJ
fbem-10179	57	16	environmental	environmental	ADJ
fbem-10179	57	17	management	management	NOUN
fbem-10179	57	18	and	and	CCONJ
fbem-10179	57	19	investment	investment	NOUN
fbem-10179	57	20	decisions	decision	NOUN
fbem-10179	57	21	through	through	ADP
fbem-10179	57	22	the	the	DET
fbem-10179	57	23	board	board	NOUN
fbem-10179	57	24	of	of	ADP
fbem-10179	57	25	directors	director	NOUN
fbem-10179	57	26	(	(	PUNCT
fbem-10179	57	27	ramalingegowda	ramalingegowda	VERB
fbem-10179	57	28	et	et	PROPN
fbem-10179	57	29	al	al	PROPN
fbem-10179	57	30	.	.	PROPN
fbem-10179	57	31	,	,	PUNCT
fbem-10179	57	32	2020	2020	NUM
fbem-10179	57	33	)	)	PUNCT
fbem-10179	57	34	.	.	PUNCT
fbem-10179	58	1	voting	vote	VERB
fbem-10179	58	2	against	against	ADP
fbem-10179	58	3	and	and	CCONJ
fbem-10179	58	4	the	the	DET
fbem-10179	58	5	threat	threat	NOUN
fbem-10179	58	6	of	of	ADP
fbem-10179	58	7	exit	exit	NOUN
fbem-10179	58	8	are	be	AUX
fbem-10179	58	9	effective	effective	ADJ
fbem-10179	58	10	means	mean	NOUN
fbem-10179	58	11	of	of	ADP
fbem-10179	58	12	monitoring	monitor	VERB
fbem-10179	58	13	governance	governance	NOUN
fbem-10179	58	14	by	by	ADP
fbem-10179	58	15	co	co	ADJ
fbem-10179	58	16	-	-	ADJ
fbem-10179	58	17	institutional	institutional	ADJ
fbem-10179	58	18	investors	investor	NOUN
fbem-10179	58	19	,	,	PUNCT
fbem-10179	58	20	which	which	PRON
fbem-10179	58	21	means	mean	VERB
fbem-10179	58	22	that	that	SCONJ
fbem-10179	58	23	co	co	ADJ
fbem-10179	58	24	-	-	ADJ
fbem-10179	58	25	institutional	institutional	ADJ
fbem-10179	58	26	investors	investor	NOUN
fbem-10179	58	27	can	can	AUX
fbem-10179	58	28	consider	consider	VERB
fbem-10179	58	29	the	the	DET
fbem-10179	58	30	negative	negative	ADJ
fbem-10179	58	31	externalities	externality	NOUN
fbem-10179	58	32	of	of	ADP
fbem-10179	58	33	poor	poor	ADJ
fbem-10179	58	34	governance	governance	NOUN
fbem-10179	58	35	on	on	ADP
fbem-10179	58	36	other	other	ADJ
fbem-10179	58	37	companies	company	NOUN
fbem-10179	58	38	in	in	ADP
fbem-10179	58	39	the	the	DET
fbem-10179	58	40	portfolio	portfolio	NOUN
fbem-10179	58	41	(	(	PUNCT
fbem-10179	58	42	schmalz	schmalz	PROPN
fbem-10179	58	43	,	,	PUNCT
fbem-10179	58	44	2018	2018	NUM
fbem-10179	58	45	)	)	PUNCT
fbem-10179	58	46	,	,	PUNCT
fbem-10179	58	47	as	as	SCONJ
fbem-10179	58	48	is	be	AUX
fbem-10179	58	49	the	the	DET
fbem-10179	58	50	case	case	NOUN
fbem-10179	58	51	of	of	ADP
fbem-10179	58	52	“	"	PUNCT
fbem-10179	58	53	environmental	environmental	ADJ
fbem-10179	58	54	information	information	NOUN
fbem-10179	58	55	greenwashing	greenwashing	NOUN
fbem-10179	58	56	”	"	PUNCT
fbem-10179	58	57	.	.	PUNCT
fbem-10179	59	1	in	in	ADP
fbem-10179	59	2	summary	summary	NOUN
fbem-10179	59	3	,	,	PUNCT
fbem-10179	59	4	common	common	ADJ
fbem-10179	59	5	institutional	institutional	ADJ
fbem-10179	59	6	ownership	ownership	NOUN
fbem-10179	59	7	could	could	AUX
fbem-10179	59	8	strengthen	strengthen	VERB
fbem-10179	59	9	corporate	corporate	ADJ
fbem-10179	59	10	oversight	oversight	NOUN
fbem-10179	59	11	and	and	CCONJ
fbem-10179	59	12	governance	governance	NOUN
fbem-10179	59	13	,	,	PUNCT
fbem-10179	59	14	effectively	effectively	ADV
fbem-10179	59	15	mitigating	mitigate	VERB
fbem-10179	59	16	agency	agency	NOUN
fbem-10179	59	17	conflicts	conflict	NOUN
fbem-10179	59	18	between	between	ADP
fbem-10179	59	19	shareholders	shareholder	NOUN
fbem-10179	59	20	and	and	CCONJ
fbem-10179	59	21	executives	executive	NOUN
fbem-10179	59	22	and	and	CCONJ
fbem-10179	59	23	reducing	reduce	VERB
fbem-10179	59	24	the	the	DET
fbem-10179	59	25	probability	probability	NOUN
fbem-10179	59	26	of	of	ADP
fbem-10179	59	27	manipulating	manipulate	VERB
fbem-10179	59	28	environmental	environmental	ADJ
fbem-10179	59	29	information	information	NOUN
fbem-10179	59	30	disclosure	disclosure	NOUN
fbem-10179	59	31	.	.	PUNCT
fbem-10179	60	1	accordingly	accordingly	ADV
fbem-10179	60	2	,	,	PUNCT
fbem-10179	60	3	this	this	DET
fbem-10179	60	4	paper	paper	NOUN
fbem-10179	60	5	proposes	propose	VERB
fbem-10179	60	6	the	the	DET
fbem-10179	60	7	following	follow	VERB
fbem-10179	60	8	hypothesis	hypothesis	NOUN
fbem-10179	60	9	:	:	PUNCT
fbem-10179	60	10	hypothesis	hypothesis	NOUN
fbem-10179	60	11	1a	1a	NOUN
fbem-10179	60	12	:	:	PUNCT
fbem-10179	60	13	common	common	ADJ
fbem-10179	60	14	institutional	institutional	ADJ
fbem-10179	60	15	ownership	ownership	NOUN
fbem-10179	60	16	can	can	AUX
fbem-10179	60	17	104	104	NUM
fbem-10179	60	18	improve	improve	VERB
fbem-10179	60	19	the	the	DET
fbem-10179	60	20	quality	quality	NOUN
fbem-10179	60	21	of	of	ADP
fbem-10179	60	22	environmental	environmental	ADJ
fbem-10179	60	23	information	information	NOUN
fbem-10179	60	24	disclosure	disclosure	NOUN
fbem-10179	60	25	.	.	PUNCT
fbem-10179	61	1	2.2	2.2	NUM
fbem-10179	61	2	.	.	PUNCT
fbem-10179	62	1	the	the	DET
fbem-10179	62	2	collusive	collusive	ADJ
fbem-10179	62	3	fraud	fraud	NOUN
fbem-10179	62	4	effect	effect	NOUN
fbem-10179	62	5	of	of	ADP
fbem-10179	62	6	common	common	ADJ
fbem-10179	62	7	institutional	institutional	ADJ
fbem-10179	62	8	ownership	ownership	NOUN
fbem-10179	62	9	environmental	environmental	ADJ
fbem-10179	62	10	protection	protection	NOUN
fbem-10179	62	11	and	and	CCONJ
fbem-10179	62	12	information	information	NOUN
fbem-10179	62	13	disclosure	disclosure	NOUN
fbem-10179	62	14	can	can	AUX
fbem-10179	62	15	place	place	VERB
fbem-10179	62	16	severe	severe	ADJ
fbem-10179	62	17	constraints	constraint	NOUN
fbem-10179	62	18	and	and	CCONJ
fbem-10179	62	19	costs	cost	NOUN
fbem-10179	62	20	on	on	ADP
fbem-10179	62	21	firms	firm	NOUN
fbem-10179	62	22	(	(	PUNCT
fbem-10179	62	23	delgadomarquez	delgadomarquez	X
fbem-10179	62	24	et	et	PROPN
fbem-10179	62	25	al	al	PROPN
fbem-10179	62	26	.	.	PROPN
fbem-10179	62	27	,	,	PUNCT
fbem-10179	62	28	2017	2017	NUM
fbem-10179	62	29	;	;	PUNCT
fbem-10179	62	30	luo	luo	PROPN
fbem-10179	62	31	&	&	CCONJ
fbem-10179	62	32	wang	wang	PROPN
fbem-10179	62	33	,	,	PUNCT
fbem-10179	62	34	2021	2021	NUM
fbem-10179	62	35	)	)	PUNCT
fbem-10179	62	36	.	.	PUNCT
fbem-10179	63	1	environmental	environmental	ADJ
fbem-10179	63	2	disclosure	disclosure	NOUN
fbem-10179	63	3	imposes	impose	VERB
fbem-10179	63	4	additional	additional	ADJ
fbem-10179	63	5	monitoring	monitoring	NOUN
fbem-10179	63	6	and	and	CCONJ
fbem-10179	63	7	reputational	reputational	ADJ
fbem-10179	63	8	costs	cost	NOUN
fbem-10179	63	9	on	on	ADP
fbem-10179	63	10	companies	company	NOUN
fbem-10179	63	11	,	,	PUNCT
fbem-10179	63	12	and	and	CCONJ
fbem-10179	63	13	the	the	DET
fbem-10179	63	14	commitment	commitment	NOUN
fbem-10179	63	15	made	make	VERB
fbem-10179	63	16	by	by	ADP
fbem-10179	63	17	highquality	highquality	NOUN
fbem-10179	63	18	disclosure	disclosure	NOUN
fbem-10179	63	19	forces	force	NOUN
fbem-10179	63	20	companies	company	NOUN
fbem-10179	63	21	to	to	PART
fbem-10179	63	22	consider	consider	VERB
fbem-10179	63	23	the	the	DET
fbem-10179	63	24	consistency	consistency	NOUN
fbem-10179	63	25	of	of	ADP
fbem-10179	63	26	future	future	ADJ
fbem-10179	63	27	strategies	strategy	NOUN
fbem-10179	63	28	with	with	ADP
fbem-10179	63	29	existing	exist	VERB
fbem-10179	63	30	commitments	commitment	NOUN
fbem-10179	63	31	,	,	PUNCT
fbem-10179	63	32	thus	thus	ADV
fbem-10179	63	33	increasing	increase	VERB
fbem-10179	63	34	the	the	DET
fbem-10179	63	35	opportunity	opportunity	NOUN
fbem-10179	63	36	cost	cost	NOUN
fbem-10179	63	37	of	of	ADP
fbem-10179	63	38	future	future	ADJ
fbem-10179	63	39	strategic	strategic	ADJ
fbem-10179	63	40	adjustments	adjustment	NOUN
fbem-10179	63	41	.	.	PUNCT
fbem-10179	64	1	however	however	ADV
fbem-10179	64	2	,	,	PUNCT
fbem-10179	64	3	in	in	ADP
fbem-10179	64	4	the	the	DET
fbem-10179	64	5	case	case	NOUN
fbem-10179	64	6	of	of	ADP
fbem-10179	64	7	environmental	environmental	ADJ
fbem-10179	64	8	information	information	NOUN
fbem-10179	64	9	greenwashing	greenwashing	NOUN
fbem-10179	64	10	,	,	PUNCT
fbem-10179	64	11	firms	firm	NOUN
fbem-10179	64	12	could	could	AUX
fbem-10179	64	13	ostensibly	ostensibly	ADV
fbem-10179	64	14	shoulder	shoulder	VERB
fbem-10179	64	15	environmental	environmental	ADJ
fbem-10179	64	16	responsibility	responsibility	NOUN
fbem-10179	64	17	and	and	CCONJ
fbem-10179	64	18	meet	meet	VERB
fbem-10179	64	19	the	the	DET
fbem-10179	64	20	public	public	NOUN
fbem-10179	64	21	’s	’s	PART
fbem-10179	64	22	demand	demand	NOUN
fbem-10179	64	23	for	for	ADP
fbem-10179	64	24	environmental	environmental	ADJ
fbem-10179	64	25	protection	protection	NOUN
fbem-10179	64	26	without	without	ADP
fbem-10179	64	27	real	real	ADJ
fbem-10179	64	28	money	money	NOUN
fbem-10179	64	29	investment	investment	NOUN
fbem-10179	64	30	(	(	PUNCT
fbem-10179	64	31	gray	gray	PROPN
fbem-10179	64	32	et	et	PROPN
fbem-10179	64	33	al	al	PROPN
fbem-10179	64	34	.	.	PROPN
fbem-10179	64	35	,	,	PUNCT
fbem-10179	64	36	2020	2020	NUM
fbem-10179	64	37	)	)	PUNCT
fbem-10179	64	38	.	.	PUNCT
fbem-10179	65	1	besides	besides	ADV
fbem-10179	65	2	,	,	PUNCT
fbem-10179	65	3	it	it	PRON
fbem-10179	65	4	is	be	AUX
fbem-10179	65	5	typical	typical	ADJ
fbem-10179	65	6	for	for	SCONJ
fbem-10179	65	7	firms	firm	NOUN
fbem-10179	65	8	to	to	PART
fbem-10179	65	9	manipulate	manipulate	VERB
fbem-10179	65	10	environmental	environmental	ADJ
fbem-10179	65	11	information	information	NOUN
fbem-10179	65	12	by	by	ADP
fbem-10179	65	13	adopting	adopt	VERB
fbem-10179	65	14	the	the	DET
fbem-10179	65	15	vague	vague	ADJ
fbem-10179	65	16	language	language	NOUN
fbem-10179	65	17	and	and	CCONJ
fbem-10179	65	18	non	non	ADJ
fbem-10179	65	19	-	-	ADJ
fbem-10179	65	20	quantitative	quantitative	ADJ
fbem-10179	65	21	descriptions	description	NOUN
fbem-10179	65	22	to	to	PART
fbem-10179	65	23	gloss	gloss	VERB
fbem-10179	65	24	over	over	ADP
fbem-10179	65	25	their	their	PRON
fbem-10179	65	26	nonfeasance	nonfeasance	NOUN
fbem-10179	65	27	in	in	ADP
fbem-10179	65	28	assuming	assume	VERB
fbem-10179	65	29	environmental	environmental	ADJ
fbem-10179	65	30	responsibility	responsibility	NOUN
fbem-10179	65	31	and	and	CCONJ
fbem-10179	65	32	poor	poor	ADJ
fbem-10179	65	33	environmental	environmental	ADJ
fbem-10179	65	34	performance	performance	NOUN
fbem-10179	65	35	(	(	PUNCT
fbem-10179	65	36	mbanyele	mbanyele	PROPN
fbem-10179	65	37	&	&	CCONJ
fbem-10179	65	38	wang	wang	PROPN
fbem-10179	65	39	,	,	PUNCT
fbem-10179	65	40	2022	2022	NUM
fbem-10179	65	41	)	)	PUNCT
fbem-10179	65	42	.	.	PUNCT
fbem-10179	66	1	even	even	ADV
fbem-10179	66	2	though	though	SCONJ
fbem-10179	66	3	the	the	DET
fbem-10179	66	4	quantity	quantity	NOUN
fbem-10179	66	5	of	of	ADP
fbem-10179	66	6	environmental	environmental	ADJ
fbem-10179	66	7	information	information	NOUN
fbem-10179	66	8	disclosed	disclose	VERB
fbem-10179	66	9	may	may	AUX
fbem-10179	66	10	be	be	AUX
fbem-10179	66	11	high	high	ADJ
fbem-10179	66	12	,	,	PUNCT
fbem-10179	66	13	the	the	DET
fbem-10179	66	14	quality	quality	NOUN
fbem-10179	66	15	is	be	AUX
fbem-10179	66	16	significantly	significantly	ADV
fbem-10179	66	17	compromised	compromise	VERB
fbem-10179	66	18	(	(	PUNCT
fbem-10179	66	19	yang	yang	PROPN
fbem-10179	66	20	et	et	PROPN
fbem-10179	66	21	al	al	PROPN
fbem-10179	66	22	.	.	PROPN
fbem-10179	66	23	,	,	PUNCT
fbem-10179	66	24	2022	2022	NUM
fbem-10179	66	25	)	)	PUNCT
fbem-10179	66	26	.	.	PUNCT
fbem-10179	67	1	the	the	DET
fbem-10179	67	2	preceding	precede	VERB
fbem-10179	67	3	discussion	discussion	NOUN
fbem-10179	67	4	is	be	AUX
fbem-10179	67	5	based	base	VERB
fbem-10179	67	6	on	on	ADP
fbem-10179	67	7	shareholder	shareholder	NOUN
fbem-10179	67	8	activism	activism	NOUN
fbem-10179	67	9	,	,	PUNCT
fbem-10179	67	10	i.e.	i.e.	X
fbem-10179	67	11	,	,	PUNCT
fbem-10179	67	12	co	co	ADJ
fbem-10179	67	13	-	-	ADJ
fbem-10179	67	14	institutional	institutional	ADJ
fbem-10179	67	15	investors	investor	NOUN
fbem-10179	67	16	use	use	VERB
fbem-10179	67	17	their	their	PRON
fbem-10179	67	18	industry	industry	NOUN
fbem-10179	67	19	-	-	PUNCT
fbem-10179	67	20	specific	specific	ADJ
fbem-10179	67	21	strengths	strength	NOUN
fbem-10179	67	22	to	to	PART
fbem-10179	67	23	improve	improve	VERB
fbem-10179	67	24	corporate	corporate	ADJ
fbem-10179	67	25	governance	governance	NOUN
fbem-10179	67	26	actively	actively	ADV
fbem-10179	67	27	.	.	PUNCT
fbem-10179	68	1	however	however	ADV
fbem-10179	68	2	,	,	PUNCT
fbem-10179	68	3	because	because	SCONJ
fbem-10179	68	4	of	of	ADP
fbem-10179	68	5	the	the	DET
fbem-10179	68	6	profit	profit	NOUN
fbem-10179	68	7	-	-	PUNCT
fbem-10179	68	8	seeking	seek	VERB
fbem-10179	68	9	nature	nature	NOUN
fbem-10179	68	10	of	of	ADP
fbem-10179	68	11	capital	capital	NOUN
fbem-10179	68	12	,	,	PUNCT
fbem-10179	68	13	co	co	ADJ
fbem-10179	68	14	-	-	ADJ
fbem-10179	68	15	institutional	institutional	ADJ
fbem-10179	68	16	investors	investor	NOUN
fbem-10179	68	17	naturally	naturally	ADV
fbem-10179	68	18	act	act	VERB
fbem-10179	68	19	with	with	ADP
fbem-10179	68	20	an	an	DET
fbem-10179	68	21	eye	eye	NOUN
fbem-10179	68	22	to	to	ADP
fbem-10179	68	23	those	those	PRON
fbem-10179	68	24	who	who	PRON
fbem-10179	68	25	affect	affect	VERB
fbem-10179	68	26	their	their	PRON
fbem-10179	68	27	interests	interest	NOUN
fbem-10179	68	28	.	.	PUNCT
fbem-10179	69	1	this	this	PRON
fbem-10179	69	2	means	mean	VERB
fbem-10179	69	3	that	that	SCONJ
fbem-10179	69	4	the	the	DET
fbem-10179	69	5	governance	governance	NOUN
fbem-10179	69	6	effects	effect	NOUN
fbem-10179	69	7	of	of	ADP
fbem-10179	69	8	co	co	ADJ
fbem-10179	69	9	-	-	ADJ
fbem-10179	69	10	institutional	institutional	ADJ
fbem-10179	69	11	investors	investor	NOUN
fbem-10179	69	12	may	may	AUX
fbem-10179	69	13	not	not	PART
fbem-10179	69	14	always	always	ADV
fbem-10179	69	15	effective	effective	ADJ
fbem-10179	69	16	and	and	CCONJ
fbem-10179	69	17	positive	positive	ADJ
fbem-10179	69	18	.	.	PUNCT
fbem-10179	70	1	for	for	ADP
fbem-10179	70	2	example	example	NOUN
fbem-10179	70	3	,	,	PUNCT
fbem-10179	70	4	institutional	institutional	ADJ
fbem-10179	70	5	investors	investor	NOUN
fbem-10179	70	6	may	may	AUX
fbem-10179	70	7	hold	hold	VERB
fbem-10179	70	8	multiple	multiple	ADJ
fbem-10179	70	9	companies	company	NOUN
fbem-10179	70	10	in	in	ADP
fbem-10179	70	11	the	the	DET
fbem-10179	70	12	same	same	ADJ
fbem-10179	70	13	industry	industry	NOUN
fbem-10179	70	14	for	for	ADP
fbem-10179	70	15	risk	risk	NOUN
fbem-10179	70	16	diversification	diversification	NOUN
fbem-10179	70	17	or	or	CCONJ
fbem-10179	70	18	frequent	frequent	ADJ
fbem-10179	70	19	trading	trading	NOUN
fbem-10179	70	20	and	and	CCONJ
fbem-10179	70	21	have	have	VERB
fbem-10179	70	22	no	no	DET
fbem-10179	70	23	incentive	incentive	NOUN
fbem-10179	70	24	to	to	PART
fbem-10179	70	25	participate	participate	VERB
fbem-10179	70	26	actively	actively	ADV
fbem-10179	70	27	in	in	ADP
fbem-10179	70	28	governance	governance	NOUN
fbem-10179	70	29	.	.	PUNCT
fbem-10179	71	1	in	in	ADP
fbem-10179	71	2	this	this	DET
fbem-10179	71	3	case	case	NOUN
fbem-10179	71	4	,	,	PUNCT
fbem-10179	71	5	co	co	ADJ
fbem-10179	71	6	-	-	ADJ
fbem-10179	71	7	institutional	institutional	ADJ
fbem-10179	71	8	investors	investor	NOUN
fbem-10179	71	9	are	be	AUX
fbem-10179	71	10	“	"	PUNCT
fbem-10179	71	11	profit	profit	NOUN
fbem-10179	71	12	-	-	PUNCT
fbem-10179	71	13	seeking	seeking	NOUN
fbem-10179	71	14	”	"	PUNCT
fbem-10179	71	15	and	and	CCONJ
fbem-10179	71	16	aim	aim	VERB
fbem-10179	71	17	to	to	PART
fbem-10179	71	18	maximize	maximize	VERB
fbem-10179	71	19	the	the	DET
fbem-10179	71	20	value	value	NOUN
fbem-10179	71	21	of	of	ADP
fbem-10179	71	22	their	their	PRON
fbem-10179	71	23	shortterm	shortterm	NOUN
fbem-10179	71	24	gains	gain	NOUN
fbem-10179	71	25	(	(	PUNCT
fbem-10179	71	26	azar	azar	PROPN
fbem-10179	71	27	et	et	PROPN
fbem-10179	71	28	al	al	PROPN
fbem-10179	71	29	.	.	PROPN
fbem-10179	71	30	,	,	PUNCT
fbem-10179	71	31	2018	2018	NUM
fbem-10179	71	32	)	)	PUNCT
fbem-10179	71	33	.	.	PUNCT
fbem-10179	72	1	in	in	ADP
fbem-10179	72	2	addition	addition	NOUN
fbem-10179	72	3	,	,	PUNCT
fbem-10179	72	4	co	co	ADJ
fbem-10179	72	5	-	-	ADJ
fbem-10179	72	6	institutional	institutional	ADJ
fbem-10179	72	7	investors	investor	NOUN
fbem-10179	72	8	may	may	AUX
fbem-10179	72	9	find	find	VERB
fbem-10179	72	10	it	it	PRON
fbem-10179	72	11	difficult	difficult	ADJ
fbem-10179	72	12	to	to	PART
fbem-10179	72	13	effectively	effectively	ADV
fbem-10179	72	14	monitor	monitor	VERB
fbem-10179	72	15	the	the	DET
fbem-10179	72	16	board	board	NOUN
fbem-10179	72	17	of	of	ADP
fbem-10179	72	18	directors	director	NOUN
fbem-10179	72	19	and	and	CCONJ
fbem-10179	72	20	management	management	NOUN
fbem-10179	72	21	’s	’s	PART
fbem-10179	72	22	collusion	collusion	NOUN
fbem-10179	72	23	of	of	ADP
fbem-10179	72	24	interests	interest	NOUN
fbem-10179	72	25	due	due	ADP
fbem-10179	72	26	to	to	ADP
fbem-10179	72	27	their	their	PRON
fbem-10179	72	28	low	low	ADJ
fbem-10179	72	29	shareholding	shareholding	NOUN
fbem-10179	72	30	.	.	PUNCT
fbem-10179	73	1	still	still	ADV
fbem-10179	73	2	,	,	PUNCT
fbem-10179	73	3	they	they	PRON
fbem-10179	73	4	may	may	AUX
fbem-10179	73	5	instead	instead	ADV
fbem-10179	73	6	coincide	coincide	VERB
fbem-10179	73	7	with	with	ADP
fbem-10179	73	8	the	the	DET
fbem-10179	73	9	preference	preference	NOUN
fbem-10179	73	10	of	of	ADP
fbem-10179	73	11	professional	professional	ADJ
fbem-10179	73	12	managers	manager	NOUN
fbem-10179	73	13	to	to	PART
fbem-10179	73	14	pursue	pursue	VERB
fbem-10179	73	15	the	the	DET
fbem-10179	73	16	benefits	benefit	NOUN
fbem-10179	73	17	of	of	ADP
fbem-10179	73	18	manipulating	manipulate	VERB
fbem-10179	73	19	environmental	environmental	ADJ
fbem-10179	73	20	information	information	NOUN
fbem-10179	73	21	,	,	PUNCT
fbem-10179	73	22	resulting	result	VERB
fbem-10179	73	23	in	in	ADP
fbem-10179	73	24	only	only	ADJ
fbem-10179	73	25	theoretical	theoretical	ADJ
fbem-10179	73	26	supervision	supervision	NOUN
fbem-10179	73	27	of	of	ADP
fbem-10179	73	28	corporate	corporate	ADJ
fbem-10179	73	29	environmental	environmental	ADJ
fbem-10179	73	30	information	information	NOUN
fbem-10179	73	31	disclosure	disclosure	NOUN
fbem-10179	73	32	.	.	PUNCT
fbem-10179	74	1	companies	company	NOUN
fbem-10179	74	2	are	be	AUX
fbem-10179	74	3	naturally	naturally	ADV
fbem-10179	74	4	inert	inert	ADJ
fbem-10179	74	5	in	in	ADP
fbem-10179	74	6	environmental	environmental	ADJ
fbem-10179	74	7	governance	governance	NOUN
fbem-10179	74	8	and	and	CCONJ
fbem-10179	74	9	need	need	VERB
fbem-10179	74	10	external	external	ADJ
fbem-10179	74	11	pressure	pressure	NOUN
fbem-10179	74	12	to	to	PART
fbem-10179	74	13	take	take	VERB
fbem-10179	74	14	practical	practical	ADJ
fbem-10179	74	15	action	action	NOUN
fbem-10179	74	16	(	(	PUNCT
fbem-10179	74	17	kim	kim	PROPN
fbem-10179	74	18	et	et	PROPN
fbem-10179	74	19	al	al	PROPN
fbem-10179	74	20	.	.	PROPN
fbem-10179	74	21	,	,	PUNCT
fbem-10179	74	22	2021	2021	NUM
fbem-10179	74	23	;	;	PUNCT
fbem-10179	74	24	nardi	nardi	PROPN
fbem-10179	74	25	,	,	PUNCT
fbem-10179	74	26	2022	2022	NUM
fbem-10179	74	27	)	)	PUNCT
fbem-10179	74	28	.	.	PUNCT
fbem-10179	75	1	however	however	ADV
fbem-10179	75	2	,	,	PUNCT
fbem-10179	75	3	suppose	suppose	VERB
fbem-10179	75	4	the	the	DET
fbem-10179	75	5	regulatory	regulatory	ADJ
fbem-10179	75	6	environment	environment	NOUN
fbem-10179	75	7	is	be	AUX
fbem-10179	75	8	lax	lax	ADJ
fbem-10179	75	9	or	or	CCONJ
fbem-10179	75	10	external	external	ADJ
fbem-10179	75	11	force	force	NOUN
fbem-10179	75	12	is	be	AUX
fbem-10179	75	13	insufficient	insufficient	ADJ
fbem-10179	75	14	.	.	PUNCT
fbem-10179	76	1	in	in	ADP
fbem-10179	76	2	that	that	DET
fbem-10179	76	3	case	case	NOUN
fbem-10179	76	4	,	,	PUNCT
fbem-10179	76	5	it	it	PRON
fbem-10179	76	6	is	be	AUX
fbem-10179	76	7	challenging	challenge	VERB
fbem-10179	76	8	to	to	PART
fbem-10179	76	9	meet	meet	VERB
fbem-10179	76	10	the	the	DET
fbem-10179	76	11	institutional	institutional	ADJ
fbem-10179	76	12	requirements	requirement	NOUN
fbem-10179	76	13	for	for	ADP
fbem-10179	76	14	ethical	ethical	ADJ
fbem-10179	76	15	restraint	restraint	NOUN
fbem-10179	76	16	and	and	CCONJ
fbem-10179	76	17	the	the	DET
fbem-10179	76	18	fulfilment	fulfilment	NOUN
fbem-10179	76	19	of	of	ADP
fbem-10179	76	20	environmental	environmental	ADJ
fbem-10179	76	21	responsibility	responsibility	NOUN
fbem-10179	76	22	.	.	PUNCT
fbem-10179	77	1	this	this	PRON
fbem-10179	77	2	provides	provide	VERB
fbem-10179	77	3	sufficient	sufficient	ADJ
fbem-10179	77	4	conditions	condition	NOUN
fbem-10179	77	5	for	for	SCONJ
fbem-10179	77	6	companies	company	NOUN
fbem-10179	77	7	to	to	PART
fbem-10179	77	8	develop	develop	VERB
fbem-10179	77	9	the	the	DET
fbem-10179	77	10	incentive	incentive	NOUN
fbem-10179	77	11	to	to	PART
fbem-10179	77	12	greenwash	greenwash	VERB
fbem-10179	77	13	environmental	environmental	ADJ
fbem-10179	77	14	information	information	NOUN
fbem-10179	77	15	,	,	PUNCT
fbem-10179	77	16	thus	thus	ADV
fbem-10179	77	17	reducing	reduce	VERB
fbem-10179	77	18	the	the	DET
fbem-10179	77	19	quality	quality	NOUN
fbem-10179	77	20	of	of	ADP
fbem-10179	77	21	environmental	environmental	ADJ
fbem-10179	77	22	information	information	NOUN
fbem-10179	77	23	disclosure	disclosure	NOUN
fbem-10179	77	24	.	.	PUNCT
fbem-10179	78	1	furthermore	furthermore	ADV
fbem-10179	78	2	,	,	PUNCT
fbem-10179	78	3	co	co	ADJ
fbem-10179	78	4	-	-	ADJ
fbem-10179	78	5	institutional	institutional	ADJ
fbem-10179	78	6	investors	investor	NOUN
fbem-10179	78	7	have	have	VERB
fbem-10179	78	8	the	the	DET
fbem-10179	78	9	incentive	incentive	NOUN
fbem-10179	78	10	and	and	CCONJ
fbem-10179	78	11	ability	ability	NOUN
fbem-10179	78	12	to	to	PART
fbem-10179	78	13	lead	lead	VERB
fbem-10179	78	14	the	the	DET
fbem-10179	78	15	creation	creation	NOUN
fbem-10179	78	16	of	of	ADP
fbem-10179	78	17	“	"	PUNCT
fbem-10179	78	18	collusive	collusive	ADJ
fbem-10179	78	19	alliances	alliance	NOUN
fbem-10179	78	20	”	"	PUNCT
fbem-10179	78	21	(	(	PUNCT
fbem-10179	78	22	azar	azar	PROPN
fbem-10179	78	23	et	et	PROPN
fbem-10179	78	24	al	al	PROPN
fbem-10179	78	25	.	.	PROPN
fbem-10179	78	26	,	,	PUNCT
fbem-10179	78	27	2018	2018	NUM
fbem-10179	78	28	)	)	PUNCT
fbem-10179	78	29	,	,	PUNCT
fbem-10179	78	30	where	where	SCONJ
fbem-10179	78	31	the	the	DET
fbem-10179	78	32	need	need	NOUN
fbem-10179	78	33	to	to	PART
fbem-10179	78	34	profit	profit	VERB
fbem-10179	78	35	from	from	ADP
fbem-10179	78	36	information	information	NOUN
fbem-10179	78	37	advantages	advantage	NOUN
fbem-10179	78	38	may	may	AUX
fbem-10179	78	39	replace	replace	VERB
fbem-10179	78	40	the	the	DET
fbem-10179	78	41	need	need	NOUN
fbem-10179	78	42	for	for	ADP
fbem-10179	78	43	high	high	ADJ
fbem-10179	78	44	-	-	PUNCT
fbem-10179	78	45	quality	quality	NOUN
fbem-10179	78	46	environmental	environmental	ADJ
fbem-10179	78	47	information	information	NOUN
fbem-10179	78	48	,	,	PUNCT
fbem-10179	78	49	which	which	PRON
fbem-10179	78	50	in	in	ADP
fbem-10179	78	51	turn	turn	NOUN
fbem-10179	78	52	may	may	AUX
fbem-10179	78	53	create	create	VERB
fbem-10179	78	54	information	information	NOUN
fbem-10179	78	55	barriers	barrier	NOUN
fbem-10179	78	56	between	between	ADP
fbem-10179	78	57	companies	company	NOUN
fbem-10179	78	58	held	hold	VERB
fbem-10179	78	59	in	in	ADP
fbem-10179	78	60	the	the	DET
fbem-10179	78	61	same	same	ADJ
fbem-10179	78	62	industry	industry	NOUN
fbem-10179	78	63	(	(	PUNCT
fbem-10179	78	64	ramalingegowda	ramalingegowda	VERB
fbem-10179	78	65	et	et	PROPN
fbem-10179	78	66	al	al	PROPN
fbem-10179	78	67	.	.	PROPN
fbem-10179	78	68	,	,	PUNCT
fbem-10179	78	69	2020	2020	NUM
fbem-10179	78	70	)	)	PUNCT
fbem-10179	78	71	.	.	PUNCT
fbem-10179	79	1	due	due	ADP
fbem-10179	79	2	to	to	ADP
fbem-10179	79	3	the	the	DET
fbem-10179	79	4	difficulty	difficulty	NOUN
fbem-10179	79	5	of	of	ADP
fbem-10179	79	6	verifiable	verifiable	ADJ
fbem-10179	79	7	environmental	environmental	ADJ
fbem-10179	79	8	information	information	NOUN
fbem-10179	79	9	,	,	PUNCT
fbem-10179	79	10	management	management	NOUN
fbem-10179	79	11	has	have	VERB
fbem-10179	79	12	greater	great	ADJ
fbem-10179	79	13	room	room	NOUN
fbem-10179	79	14	for	for	ADP
fbem-10179	79	15	selective	selective	ADJ
fbem-10179	79	16	disclosure	disclosure	NOUN
fbem-10179	79	17	.	.	PUNCT
fbem-10179	80	1	in	in	ADP
fbem-10179	80	2	this	this	DET
fbem-10179	80	3	case	case	NOUN
fbem-10179	80	4	,	,	PUNCT
fbem-10179	80	5	common	common	ADJ
fbem-10179	80	6	institutional	institutional	ADJ
fbem-10179	80	7	ownership	ownership	NOUN
fbem-10179	80	8	can	can	AUX
fbem-10179	80	9	drive	drive	VERB
fbem-10179	80	10	companies	company	NOUN
fbem-10179	80	11	to	to	PART
fbem-10179	80	12	hide	hide	VERB
fbem-10179	80	13	accurate	accurate	ADJ
fbem-10179	80	14	environmental	environmental	ADJ
fbem-10179	80	15	information	information	NOUN
fbem-10179	80	16	,	,	PUNCT
fbem-10179	80	17	resulting	result	VERB
fbem-10179	80	18	in	in	ADP
fbem-10179	80	19	information	information	NOUN
fbem-10179	80	20	asymmetry	asymmetry	NOUN
fbem-10179	80	21	in	in	ADP
fbem-10179	80	22	the	the	DET
fbem-10179	80	23	industry	industry	NOUN
fbem-10179	80	24	.	.	PUNCT
fbem-10179	81	1	as	as	ADP
fbem-10179	81	2	a	a	DET
fbem-10179	81	3	result	result	NOUN
fbem-10179	81	4	,	,	PUNCT
fbem-10179	81	5	co	co	ADJ
fbem-10179	81	6	-	-	ADJ
fbem-10179	81	7	institutional	institutional	ADJ
fbem-10179	81	8	investors	investor	NOUN
fbem-10179	81	9	may	may	AUX
fbem-10179	81	10	ignore	ignore	VERB
fbem-10179	81	11	the	the	DET
fbem-10179	81	12	interests	interest	NOUN
fbem-10179	81	13	of	of	ADP
fbem-10179	81	14	the	the	DET
fbem-10179	81	15	enterprise	enterprise	NOUN
fbem-10179	81	16	out	out	ADP
fbem-10179	81	17	of	of	ADP
fbem-10179	81	18	the	the	DET
fbem-10179	81	19	cost	cost	NOUN
fbem-10179	81	20	-	-	PUNCT
fbem-10179	81	21	benefit	benefit	NOUN
fbem-10179	81	22	principle	principle	NOUN
fbem-10179	81	23	.	.	PUNCT
fbem-10179	82	1	when	when	SCONJ
fbem-10179	82	2	the	the	DET
fbem-10179	82	3	benefits	benefit	NOUN
fbem-10179	82	4	of	of	ADP
fbem-10179	82	5	collusion	collusion	NOUN
fbem-10179	82	6	with	with	ADP
fbem-10179	82	7	controlling	control	VERB
fbem-10179	82	8	shareholders	shareholder	NOUN
fbem-10179	82	9	and	and	CCONJ
fbem-10179	82	10	management	management	NOUN
fbem-10179	82	11	outweigh	outweigh	VERB
fbem-10179	82	12	the	the	DET
fbem-10179	82	13	monitoring	monitoring	NOUN
fbem-10179	82	14	costs	cost	NOUN
fbem-10179	82	15	,	,	PUNCT
fbem-10179	82	16	co	co	ADJ
fbem-10179	82	17	-	-	ADJ
fbem-10179	82	18	institutional	institutional	ADJ
fbem-10179	82	19	investors	investor	NOUN
fbem-10179	82	20	may	may	AUX
fbem-10179	82	21	set	set	VERB
fbem-10179	82	22	up	up	ADP
fbem-10179	82	23	information	information	NOUN
fbem-10179	82	24	barriers	barrier	NOUN
fbem-10179	82	25	to	to	ADP
fbem-10179	82	26	controlling	control	VERB
fbem-10179	82	27	shareholders	shareholder	NOUN
fbem-10179	82	28	and	and	CCONJ
fbem-10179	82	29	management	management	NOUN
fbem-10179	82	30	to	to	PART
fbem-10179	82	31	expand	expand	VERB
fbem-10179	82	32	their	their	PRON
fbem-10179	82	33	business	business	NOUN
fbem-10179	82	34	empires	empire	NOUN
fbem-10179	82	35	out	out	ADP
fbem-10179	82	36	of	of	ADP
fbem-10179	82	37	their	their	PRON
fbem-10179	82	38	interest	interest	NOUN
fbem-10179	82	39	maximization	maximization	NOUN
fbem-10179	82	40	(	(	PUNCT
fbem-10179	82	41	kang	kang	PROPN
fbem-10179	82	42	et	et	PROPN
fbem-10179	82	43	al	al	PROPN
fbem-10179	82	44	.	.	PROPN
fbem-10179	82	45	,	,	PUNCT
fbem-10179	82	46	2018	2018	NUM
fbem-10179	82	47	)	)	PUNCT
fbem-10179	82	48	,	,	PUNCT
fbem-10179	82	49	thus	thus	ADV
fbem-10179	82	50	exacerbating	exacerbate	VERB
fbem-10179	82	51	firms	firm	NOUN
fbem-10179	82	52	’	'	PUNCT
fbem-10179	82	53	“	"	PUNCT
fbem-10179	82	54	environmental	environmental	ADJ
fbem-10179	82	55	information	information	NOUN
fbem-10179	82	56	greenwashing	greenwashing	NOUN
fbem-10179	82	57	”	"	PUNCT
fbem-10179	82	58	.	.	PUNCT
fbem-10179	83	1	accordingly	accordingly	ADV
fbem-10179	83	2	,	,	PUNCT
fbem-10179	83	3	this	this	DET
fbem-10179	83	4	paper	paper	NOUN
fbem-10179	83	5	proposes	propose	VERB
fbem-10179	83	6	the	the	DET
fbem-10179	83	7	following	follow	VERB
fbem-10179	83	8	hypothesis	hypothesis	NOUN
fbem-10179	83	9	:	:	PUNCT
fbem-10179	83	10	hypothesis	hypothesis	NOUN
fbem-10179	83	11	1b	1b	NUM
fbem-10179	83	12	:	:	PUNCT
fbem-10179	83	13	common	common	ADJ
fbem-10179	83	14	institutional	institutional	ADJ
fbem-10179	83	15	ownership	ownership	NOUN
fbem-10179	83	16	can	can	AUX
fbem-10179	83	17	reduce	reduce	VERB
fbem-10179	83	18	the	the	DET
fbem-10179	83	19	quality	quality	NOUN
fbem-10179	83	20	of	of	ADP
fbem-10179	83	21	environmental	environmental	ADJ
fbem-10179	83	22	information	information	NOUN
fbem-10179	83	23	disclosure	disclosure	NOUN
fbem-10179	83	24	.	.	PUNCT
fbem-10179	84	1	figure	figure	NOUN
fbem-10179	84	2	1	1	NUM
fbem-10179	84	3	.	.	PUNCT
fbem-10179	84	4	conceptual	conceptual	ADJ
fbem-10179	84	5	framework	framework	NOUN
fbem-10179	84	6	3	3	NUM
fbem-10179	84	7	.	.	PUNCT
fbem-10179	84	8	methodology	methodology	PROPN
fbem-10179	84	9	3.1	3.1	NUM
fbem-10179	84	10	.	.	PUNCT
fbem-10179	85	1	sample	sample	NOUN
fbem-10179	85	2	and	and	CCONJ
fbem-10179	85	3	data	datum	NOUN
fbem-10179	85	4	collection	collection	NOUN
fbem-10179	85	5	to	to	PART
fbem-10179	85	6	examine	examine	VERB
fbem-10179	85	7	the	the	DET
fbem-10179	85	8	hypotheses	hypothesis	NOUN
fbem-10179	85	9	above	above	ADV
fbem-10179	85	10	,	,	PUNCT
fbem-10179	85	11	we	we	PRON
fbem-10179	85	12	selected	select	VERB
fbem-10179	85	13	chineselisted	chineselisted	ADJ
fbem-10179	85	14	firms	firm	NOUN
fbem-10179	85	15	on	on	ADP
fbem-10179	85	16	the	the	DET
fbem-10179	85	17	shanghai	shanghai	PROPN
fbem-10179	85	18	and	and	CCONJ
fbem-10179	85	19	shenzhen	shenzhen	PROPN
fbem-10179	85	20	stock	stock	PROPN
fbem-10179	85	21	exchanges	exchange	NOUN
fbem-10179	85	22	from	from	ADP
fbem-10179	85	23	2010	2010	NUM
fbem-10179	85	24	to	to	ADP
fbem-10179	85	25	2021	2021	NUM
fbem-10179	85	26	as	as	ADP
fbem-10179	85	27	the	the	DET
fbem-10179	85	28	research	research	NOUN
fbem-10179	85	29	sample	sample	NOUN
fbem-10179	85	30	.	.	PUNCT
fbem-10179	86	1	the	the	DET
fbem-10179	86	2	reason	reason	NOUN
fbem-10179	86	3	for	for	ADP
fbem-10179	86	4	choosing	choose	VERB
fbem-10179	86	5	2010	2010	NUM
fbem-10179	86	6	as	as	ADP
fbem-10179	86	7	the	the	DET
fbem-10179	86	8	initial	initial	ADJ
fbem-10179	86	9	year	year	NOUN
fbem-10179	86	10	is	be	AUX
fbem-10179	86	11	that	that	SCONJ
fbem-10179	86	12	,	,	PUNCT
fbem-10179	86	13	in	in	ADP
fbem-10179	86	14	2010	2010	NUM
fbem-10179	86	15	,	,	PUNCT
fbem-10179	86	16	the	the	DET
fbem-10179	86	17	ministry	ministry	PROPN
fbem-10179	86	18	of	of	ADP
fbem-10179	86	19	environmental	environmental	PROPN
fbem-10179	86	20	protection	protection	NOUN
fbem-10179	86	21	of	of	ADP
fbem-10179	86	22	china	china	PROPN
fbem-10179	86	23	issued	issue	VERB
fbem-10179	86	24	the	the	DET
fbem-10179	86	25	guidelines	guideline	NOUN
fbem-10179	86	26	for	for	ADP
fbem-10179	86	27	disclosure	disclosure	NOUN
fbem-10179	86	28	of	of	ADP
fbem-10179	86	29	environmental	environmental	ADJ
fbem-10179	86	30	information	information	NOUN
fbem-10179	86	31	of	of	ADP
fbem-10179	86	32	listed	list	VERB
fbem-10179	86	33	companies	company	NOUN
fbem-10179	86	34	,	,	PUNCT
fbem-10179	86	35	which	which	PRON
fbem-10179	86	36	stipulates	stipulate	VERB
fbem-10179	86	37	that	that	SCONJ
fbem-10179	86	38	listed	list	VERB
fbem-10179	86	39	firms	firm	NOUN
fbem-10179	86	40	should	should	AUX
fbem-10179	86	41	disclose	disclose	VERB
fbem-10179	86	42	environmental	environmental	ADJ
fbem-10179	86	43	information	information	NOUN
fbem-10179	86	44	to	to	ADP
fbem-10179	86	45	the	the	DET
fbem-10179	86	46	public	public	NOUN
fbem-10179	86	47	in	in	ADP
fbem-10179	86	48	an	an	DET
fbem-10179	86	49	accurate	accurate	ADJ
fbem-10179	86	50	,	,	PUNCT
fbem-10179	86	51	timely	timely	ADJ
fbem-10179	86	52	and	and	CCONJ
fbem-10179	86	53	complete	complete	ADJ
fbem-10179	86	54	manner	manner	NOUN
fbem-10179	86	55	.	.	PUNCT
fbem-10179	87	1	we	we	PRON
fbem-10179	87	2	ended	end	VERB
fbem-10179	87	3	our	our	PRON
fbem-10179	87	4	research	research	NOUN
fbem-10179	87	5	period	period	NOUN
fbem-10179	87	6	in	in	ADP
fbem-10179	87	7	2021	2021	NUM
fbem-10179	87	8	because	because	SCONJ
fbem-10179	87	9	it	it	PRON
fbem-10179	87	10	was	be	AUX
fbem-10179	87	11	the	the	DET
fbem-10179	87	12	most	most	ADV
fbem-10179	87	13	recent	recent	ADJ
fbem-10179	87	14	data	datum	NOUN
fbem-10179	87	15	we	we	PRON
fbem-10179	87	16	could	could	AUX
fbem-10179	87	17	obtain	obtain	VERB
fbem-10179	87	18	when	when	SCONJ
fbem-10179	87	19	we	we	PRON
fbem-10179	87	20	started	start	VERB
fbem-10179	87	21	this	this	DET
fbem-10179	87	22	study	study	NOUN
fbem-10179	87	23	.	.	PUNCT
fbem-10179	88	1	we	we	PRON
fbem-10179	88	2	collected	collect	VERB
fbem-10179	88	3	the	the	DET
fbem-10179	88	4	data	datum	NOUN
fbem-10179	88	5	mainly	mainly	ADV
fbem-10179	88	6	from	from	ADP
fbem-10179	88	7	the	the	DET
fbem-10179	88	8	chinese	chinese	ADJ
fbem-10179	88	9	securities	security	NOUN
fbem-10179	88	10	market	market	NOUN
fbem-10179	88	11	and	and	CCONJ
fbem-10179	88	12	accounting	accounting	NOUN
fbem-10179	88	13	research	research	NOUN
fbem-10179	88	14	(	(	PUNCT
fbem-10179	88	15	csmar	csmar	PROPN
fbem-10179	88	16	)	)	PUNCT
fbem-10179	88	17	database	database	NOUN
fbem-10179	88	18	,	,	PUNCT
fbem-10179	88	19	which	which	PRON
fbem-10179	88	20	provides	provide	VERB
fbem-10179	88	21	detailed	detailed	ADJ
fbem-10179	88	22	financial	financial	ADJ
fbem-10179	88	23	data	datum	NOUN
fbem-10179	88	24	and	and	CCONJ
fbem-10179	88	25	has	have	AUX
fbem-10179	88	26	been	be	AUX
fbem-10179	88	27	widely	widely	ADV
fbem-10179	88	28	used	use	VERB
fbem-10179	88	29	in	in	ADP
fbem-10179	88	30	other	other	ADJ
fbem-10179	88	31	relevant	relevant	ADJ
fbem-10179	88	32	studies	study	NOUN
fbem-10179	88	33	(	(	PUNCT
fbem-10179	88	34	zheng	zheng	X
fbem-10179	88	35	et	et	PROPN
fbem-10179	88	36	al	al	PROPN
fbem-10179	88	37	.	.	PROPN
fbem-10179	88	38	,	,	PUNCT
fbem-10179	88	39	2020	2020	NUM
fbem-10179	88	40	;	;	PUNCT
fbem-10179	88	41	zhao	zhao	PROPN
fbem-10179	88	42	&	&	CCONJ
fbem-10179	88	43	chen	chen	PROPN
fbem-10179	88	44	,	,	PUNCT
fbem-10179	88	45	2022	2022	NUM
fbem-10179	88	46	)	)	PUNCT
fbem-10179	88	47	.	.	PUNCT
fbem-10179	89	1	the	the	DET
fbem-10179	89	2	data	datum	NOUN
fbem-10179	89	3	used	use	VERB
fbem-10179	89	4	to	to	PART
fbem-10179	89	5	calculate	calculate	VERB
fbem-10179	89	6	the	the	DET
fbem-10179	89	7	quality	quality	NOUN
fbem-10179	89	8	of	of	ADP
fbem-10179	89	9	environmental	environmental	ADJ
fbem-10179	89	10	information	information	NOUN
fbem-10179	89	11	disclosure	disclosure	NOUN
fbem-10179	89	12	was	be	AUX
fbem-10179	89	13	derived	derive	VERB
fbem-10179	89	14	105	105	NUM
fbem-10179	89	15	from	from	ADP
fbem-10179	89	16	the	the	DET
fbem-10179	89	17	china	china	PROPN
fbem-10179	89	18	listed	list	VERB
fbem-10179	89	19	firm	firm	NOUN
fbem-10179	89	20	’s	’s	PART
fbem-10179	89	21	environmental	environmental	PROPN
fbem-10179	89	22	research	research	NOUN
fbem-10179	89	23	database	database	NOUN
fbem-10179	89	24	of	of	ADP
fbem-10179	89	25	cmsar	cmsar	PROPN
fbem-10179	89	26	.	.	PUNCT
fbem-10179	90	1	common	common	ADJ
fbem-10179	90	2	institutional	institutional	ADJ
fbem-10179	90	3	ownership	ownership	NOUN
fbem-10179	90	4	data	datum	NOUN
fbem-10179	90	5	was	be	AUX
fbem-10179	90	6	obtained	obtain	VERB
fbem-10179	90	7	manually	manually	ADV
fbem-10179	90	8	from	from	ADP
fbem-10179	90	9	the	the	DET
fbem-10179	90	10	csmar	csmar	PROPN
fbem-10179	90	11	database	database	NOUN
fbem-10179	90	12	at	at	ADP
fbem-10179	90	13	the	the	DET
fbem-10179	90	14	corporate	corporate	ADJ
fbem-10179	90	15	governance	governance	NOUN
fbem-10179	90	16	quarterly	quarterly	ADJ
fbem-10179	90	17	level	level	NOUN
fbem-10179	90	18	;	;	PUNCT
fbem-10179	90	19	all	all	DET
fbem-10179	90	20	other	other	ADJ
fbem-10179	90	21	data	datum	NOUN
fbem-10179	90	22	were	be	AUX
fbem-10179	90	23	obtained	obtain	VERB
fbem-10179	90	24	from	from	ADP
fbem-10179	90	25	the	the	DET
fbem-10179	90	26	csmar	csmar	PROPN
fbem-10179	90	27	database	database	NOUN
fbem-10179	90	28	.	.	PUNCT
fbem-10179	91	1	considering	consider	VERB
fbem-10179	91	2	the	the	DET
fbem-10179	91	3	financial	financial	ADJ
fbem-10179	91	4	industry	industry	NOUN
fbem-10179	91	5	’s	’s	PART
fbem-10179	91	6	unique	unique	ADJ
fbem-10179	91	7	characteristics	characteristic	NOUN
fbem-10179	91	8	and	and	CCONJ
fbem-10179	91	9	data	datum	NOUN
fbem-10179	91	10	reliability	reliability	NOUN
fbem-10179	91	11	,	,	PUNCT
fbem-10179	91	12	we	we	PRON
fbem-10179	91	13	excluded	exclude	VERB
fbem-10179	91	14	firms	firm	NOUN
fbem-10179	91	15	from	from	ADP
fbem-10179	91	16	the	the	DET
fbem-10179	91	17	financial	financial	ADJ
fbem-10179	91	18	industry	industry	NOUN
fbem-10179	91	19	sector	sector	NOUN
fbem-10179	91	20	.	.	PUNCT
fbem-10179	92	1	all	all	DET
fbem-10179	92	2	continuous	continuous	ADJ
fbem-10179	92	3	variables	variable	NOUN
fbem-10179	92	4	were	be	AUX
fbem-10179	92	5	winsorized	winsorize	VERB
fbem-10179	92	6	at	at	ADP
fbem-10179	92	7	the	the	DET
fbem-10179	92	8	1st	1st	ADJ
fbem-10179	92	9	and	and	CCONJ
fbem-10179	92	10	99th	99th	ADJ
fbem-10179	92	11	percentiles	percentile	NOUN
fbem-10179	92	12	to	to	PART
fbem-10179	92	13	alleviate	alleviate	VERB
fbem-10179	92	14	the	the	DET
fbem-10179	92	15	effect	effect	NOUN
fbem-10179	92	16	of	of	ADP
fbem-10179	92	17	extreme	extreme	ADJ
fbem-10179	92	18	values	value	NOUN
fbem-10179	92	19	on	on	ADP
fbem-10179	92	20	the	the	DET
fbem-10179	92	21	empirical	empirical	ADJ
fbem-10179	92	22	results	result	NOUN
fbem-10179	92	23	.	.	PUNCT
fbem-10179	93	1	besides	besides	SCONJ
fbem-10179	93	2	,	,	PUNCT
fbem-10179	93	3	we	we	PRON
fbem-10179	93	4	excluded	exclude	VERB
fbem-10179	93	5	the	the	DET
fbem-10179	93	6	firms	firm	NOUN
fbem-10179	93	7	with	with	ADP
fbem-10179	93	8	the	the	DET
fbem-10179	93	9	“	"	PUNCT
fbem-10179	93	10	special	special	ADJ
fbem-10179	93	11	treatment	treatment	NOUN
fbem-10179	93	12	”	"	PUNCT
fbem-10179	93	13	label	label	NOUN
fbem-10179	93	14	and	and	CCONJ
fbem-10179	93	15	newly	newly	ADV
fbem-10179	93	16	listed	list	VERB
fbem-10179	93	17	firms	firm	NOUN
fbem-10179	93	18	to	to	PART
fbem-10179	93	19	make	make	VERB
fbem-10179	93	20	the	the	DET
fbem-10179	93	21	data	datum	NOUN
fbem-10179	93	22	more	more	ADV
fbem-10179	93	23	reliable	reliable	ADJ
fbem-10179	93	24	.	.	PUNCT
fbem-10179	94	1	after	after	ADP
fbem-10179	94	2	eliminating	eliminate	VERB
fbem-10179	94	3	the	the	DET
fbem-10179	94	4	samples	sample	NOUN
fbem-10179	94	5	with	with	ADP
fbem-10179	94	6	missing	miss	VERB
fbem-10179	94	7	values	value	NOUN
fbem-10179	94	8	,	,	PUNCT
fbem-10179	94	9	we	we	PRON
fbem-10179	94	10	finally	finally	ADV
fbem-10179	94	11	obtained	obtain	VERB
fbem-10179	94	12	unbalanced	unbalanced	ADJ
fbem-10179	94	13	panel	panel	NOUN
fbem-10179	94	14	data	datum	NOUN
fbem-10179	94	15	with	with	ADP
fbem-10179	94	16	12634	12634	NUM
fbem-10179	94	17	firm	firm	ADJ
fbem-10179	94	18	-	-	PUNCT
fbem-10179	94	19	year	year	NOUN
fbem-10179	94	20	observations	observation	NOUN
fbem-10179	94	21	.	.	PUNCT
fbem-10179	95	1	3.2	3.2	NUM
fbem-10179	95	2	.	.	PUNCT
fbem-10179	95	3	measures	measure	NOUN
fbem-10179	95	4	3.2.1	3.2.1	NUM
fbem-10179	95	5	.	.	PUNCT
fbem-10179	96	1	dependent	dependent	ADJ
fbem-10179	96	2	variable	variable	NOUN
fbem-10179	96	3	the	the	DET
fbem-10179	96	4	dependent	dependent	ADJ
fbem-10179	96	5	variable	variable	NOUN
fbem-10179	96	6	in	in	ADP
fbem-10179	96	7	this	this	DET
fbem-10179	96	8	paper	paper	NOUN
fbem-10179	96	9	is	be	AUX
fbem-10179	96	10	the	the	DET
fbem-10179	96	11	quality	quality	NOUN
fbem-10179	96	12	of	of	ADP
fbem-10179	96	13	environmental	environmental	ADJ
fbem-10179	96	14	information	information	NOUN
fbem-10179	96	15	disclosure	disclosure	NOUN
fbem-10179	96	16	(	(	PUNCT
fbem-10179	96	17	eid	eid	NOUN
fbem-10179	96	18	)	)	PUNCT
fbem-10179	96	19	.	.	PUNCT
fbem-10179	97	1	as	as	ADP
fbem-10179	97	2	an	an	DET
fbem-10179	97	3	essential	essential	ADJ
fbem-10179	97	4	aspect	aspect	NOUN
fbem-10179	97	5	of	of	ADP
fbem-10179	97	6	social	social	ADJ
fbem-10179	97	7	responsibility	responsibility	NOUN
fbem-10179	97	8	information	information	NOUN
fbem-10179	97	9	disclosure	disclosure	NOUN
fbem-10179	97	10	,	,	PUNCT
fbem-10179	97	11	environmental	environmental	ADJ
fbem-10179	97	12	information	information	NOUN
fbem-10179	97	13	disclosure	disclosure	NOUN
fbem-10179	97	14	is	be	AUX
fbem-10179	97	15	receiving	receive	VERB
fbem-10179	97	16	increasing	increase	VERB
fbem-10179	97	17	attention	attention	NOUN
fbem-10179	97	18	from	from	ADP
fbem-10179	97	19	enterprises	enterprise	NOUN
fbem-10179	97	20	and	and	CCONJ
fbem-10179	97	21	society	society	NOUN
fbem-10179	97	22	(	(	PUNCT
fbem-10179	97	23	wellalage	wellalage	NOUN
fbem-10179	97	24	&	&	CCONJ
fbem-10179	97	25	kumar,2021	kumar,2021	PROPN
fbem-10179	97	26	;	;	PUNCT
fbem-10179	97	27	zou	zou	PROPN
fbem-10179	97	28	&	&	CCONJ
fbem-10179	97	29	zhong	zhong	PROPN
fbem-10179	97	30	,	,	PUNCT
fbem-10179	97	31	2022	2022	NUM
fbem-10179	97	32	)	)	PUNCT
fbem-10179	97	33	.	.	PUNCT
fbem-10179	98	1	environmental	environmental	ADJ
fbem-10179	98	2	information	information	NOUN
fbem-10179	98	3	disclosure	disclosure	NOUN
fbem-10179	98	4	refers	refer	VERB
fbem-10179	98	5	to	to	ADP
fbem-10179	98	6	the	the	DET
fbem-10179	98	7	provision	provision	NOUN
fbem-10179	98	8	of	of	ADP
fbem-10179	98	9	environmental	environmental	ADJ
fbem-10179	98	10	information	information	NOUN
fbem-10179	98	11	and	and	CCONJ
fbem-10179	98	12	financial	financial	ADJ
fbem-10179	98	13	information	information	NOUN
fbem-10179	98	14	related	relate	VERB
fbem-10179	98	15	to	to	ADP
fbem-10179	98	16	the	the	DET
fbem-10179	98	17	environment	environment	NOUN
fbem-10179	98	18	by	by	ADP
fbem-10179	98	19	enterprises	enterprise	NOUN
fbem-10179	98	20	,	,	PUNCT
fbem-10179	98	21	thereby	thereby	ADV
fbem-10179	98	22	satisfying	satisfy	VERB
fbem-10179	98	23	the	the	DET
fbem-10179	98	24	relevant	relevant	ADJ
fbem-10179	98	25	needs	need	NOUN
fbem-10179	98	26	of	of	ADP
fbem-10179	98	27	investors	investor	NOUN
fbem-10179	98	28	and	and	CCONJ
fbem-10179	98	29	regulators	regulator	NOUN
fbem-10179	98	30	.	.	PUNCT
fbem-10179	99	1	environmental	environmental	ADJ
fbem-10179	99	2	information	information	NOUN
fbem-10179	99	3	usually	usually	ADV
fbem-10179	99	4	includes	include	VERB
fbem-10179	99	5	an	an	DET
fbem-10179	99	6	enterprise	enterprise	NOUN
fbem-10179	99	7	’s	’s	PART
fbem-10179	99	8	environmental	environmental	ADJ
fbem-10179	99	9	policy	policy	NOUN
fbem-10179	99	10	,	,	PUNCT
fbem-10179	99	11	management	management	NOUN
fbem-10179	99	12	,	,	PUNCT
fbem-10179	99	13	performance	performance	NOUN
fbem-10179	99	14	,	,	PUNCT
fbem-10179	99	15	investment	investment	NOUN
fbem-10179	99	16	,	,	PUNCT
fbem-10179	99	17	expenditure	expenditure	NOUN
fbem-10179	99	18	and	and	CCONJ
fbem-10179	99	19	revenue	revenue	NOUN
fbem-10179	99	20	,	,	PUNCT
fbem-10179	99	21	etc	etc	X
fbem-10179	99	22	.	.	X
fbem-10179	99	23	according	accord	VERB
fbem-10179	99	24	to	to	ADP
fbem-10179	99	25	the	the	DET
fbem-10179	99	26	china	china	PROPN
fbem-10179	99	27	listed	list	VERB
fbem-10179	99	28	firm	firm	NOUN
fbem-10179	99	29	’s	’s	PART
fbem-10179	99	30	environmental	environmental	PROPN
fbem-10179	99	31	research	research	NOUN
fbem-10179	99	32	database	database	NOUN
fbem-10179	99	33	of	of	ADP
fbem-10179	99	34	cmsar	cmsar	PROPN
fbem-10179	99	35	,	,	PUNCT
fbem-10179	99	36	we	we	PRON
fbem-10179	99	37	constructed	construct	VERB
fbem-10179	99	38	an	an	DET
fbem-10179	99	39	indicator	indicator	NOUN
fbem-10179	99	40	system	system	NOUN
fbem-10179	99	41	of	of	ADP
fbem-10179	99	42	environmental	environmental	ADJ
fbem-10179	99	43	information	information	NOUN
fbem-10179	99	44	disclosure	disclosure	NOUN
fbem-10179	99	45	based	base	VERB
fbem-10179	99	46	on	on	ADP
fbem-10179	99	47	25	25	NUM
fbem-10179	99	48	items	item	NOUN
fbem-10179	99	49	in	in	ADP
fbem-10179	99	50	five	five	NUM
fbem-10179	99	51	dimensions	dimension	NOUN
fbem-10179	99	52	:	:	PUNCT
fbem-10179	99	53	environmental	environmental	ADJ
fbem-10179	99	54	management	management	NOUN
fbem-10179	99	55	,	,	PUNCT
fbem-10179	99	56	environmental	environmental	ADJ
fbem-10179	99	57	liabilities	liability	NOUN
fbem-10179	99	58	,	,	PUNCT
fbem-10179	99	59	environmental	environmental	ADJ
fbem-10179	99	60	performance	performance	NOUN
fbem-10179	99	61	&	&	CCONJ
fbem-10179	99	62	governance	governance	NOUN
fbem-10179	99	63	,	,	PUNCT
fbem-10179	99	64	environmental	environmental	ADJ
fbem-10179	99	65	information	information	NOUN
fbem-10179	99	66	disclosure	disclosure	NOUN
fbem-10179	99	67	carriers	carrier	NOUN
fbem-10179	99	68	and	and	CCONJ
fbem-10179	99	69	accreditation	accreditation	NOUN
fbem-10179	99	70	by	by	ADP
fbem-10179	99	71	independent	independent	ADJ
fbem-10179	99	72	agencies	agency	NOUN
fbem-10179	99	73	or	or	CCONJ
fbem-10179	99	74	external	external	ADJ
fbem-10179	99	75	awards	award	NOUN
fbem-10179	99	76	.	.	PUNCT
fbem-10179	100	1	appendix	appendix	NOUN
fbem-10179	100	2	1	1	NUM
fbem-10179	100	3	shows	show	VERB
fbem-10179	100	4	the	the	DET
fbem-10179	100	5	indicator	indicator	NOUN
fbem-10179	100	6	system	system	NOUN
fbem-10179	100	7	of	of	ADP
fbem-10179	100	8	environmental	environmental	ADJ
fbem-10179	100	9	information	information	NOUN
fbem-10179	100	10	disclosure	disclosure	NOUN
fbem-10179	100	11	in	in	ADP
fbem-10179	100	12	all	all	DET
fbem-10179	100	13	dimensions	dimension	NOUN
fbem-10179	100	14	.	.	PUNCT
fbem-10179	101	1	quantitative	quantitative	ADJ
fbem-10179	101	2	monetary	monetary	ADJ
fbem-10179	101	3	data	datum	NOUN
fbem-10179	101	4	is	be	AUX
fbem-10179	101	5	relatively	relatively	ADV
fbem-10179	101	6	objective	objective	ADJ
fbem-10179	101	7	and	and	CCONJ
fbem-10179	101	8	measurable	measurable	ADJ
fbem-10179	101	9	and	and	CCONJ
fbem-10179	101	10	better	well	ADJ
fbem-10179	101	11	reflects	reflect	VERB
fbem-10179	101	12	firms	firm	NOUN
fbem-10179	101	13	’	’	PART
fbem-10179	101	14	input	input	NOUN
fbem-10179	101	15	and	and	CCONJ
fbem-10179	101	16	cost	cost	NOUN
fbem-10179	101	17	of	of	ADP
fbem-10179	101	18	environmental	environmental	ADJ
fbem-10179	101	19	management	management	NOUN
fbem-10179	101	20	(	(	PUNCT
fbem-10179	101	21	huang	huang	PROPN
fbem-10179	101	22	&	&	CCONJ
fbem-10179	101	23	chen	chen	PROPN
fbem-10179	101	24	,	,	PUNCT
fbem-10179	101	25	2015	2015	NUM
fbem-10179	101	26	)	)	PUNCT
fbem-10179	101	27	.	.	PUNCT
fbem-10179	102	1	according	accord	VERB
fbem-10179	102	2	to	to	ADP
fbem-10179	102	3	wang	wang	PROPN
fbem-10179	102	4	et	et	PROPN
fbem-10179	102	5	al	al	PROPN
fbem-10179	102	6	.	.	PROPN
fbem-10179	103	1	(	(	PUNCT
fbem-10179	103	2	2021	2021	NUM
fbem-10179	103	3	)	)	PUNCT
fbem-10179	103	4	,	,	PUNCT
fbem-10179	103	5	if	if	SCONJ
fbem-10179	103	6	firms	firm	NOUN
fbem-10179	103	7	disclose	disclose	VERB
fbem-10179	103	8	more	more	ADV
fbem-10179	103	9	verifiable	verifiable	ADJ
fbem-10179	103	10	and	and	CCONJ
fbem-10179	103	11	less	less	ADV
fbem-10179	103	12	imitable	imitable	ADJ
fbem-10179	103	13	information	information	NOUN
fbem-10179	103	14	through	through	ADP
fbem-10179	103	15	quantitative	quantitative	ADJ
fbem-10179	103	16	descriptions	description	NOUN
fbem-10179	103	17	and	and	CCONJ
fbem-10179	103	18	factual	factual	ADJ
fbem-10179	103	19	statements	statement	NOUN
fbem-10179	103	20	,	,	PUNCT
fbem-10179	103	21	their	their	PRON
fbem-10179	103	22	environmental	environmental	ADJ
fbem-10179	103	23	information	information	NOUN
fbem-10179	103	24	disclosures	disclosure	NOUN
fbem-10179	103	25	are	be	AUX
fbem-10179	103	26	more	more	ADV
fbem-10179	103	27	reliable	reliable	ADJ
fbem-10179	103	28	and	and	CCONJ
fbem-10179	103	29	could	could	AUX
fbem-10179	103	30	be	be	AUX
fbem-10179	103	31	classified	classify	VERB
fbem-10179	103	32	as	as	ADP
fbem-10179	103	33	substantive	substantive	ADJ
fbem-10179	103	34	actions	action	NOUN
fbem-10179	103	35	.	.	PUNCT
fbem-10179	104	1	in	in	ADP
fbem-10179	104	2	this	this	DET
fbem-10179	104	3	paper	paper	NOUN
fbem-10179	104	4	,	,	PUNCT
fbem-10179	104	5	we	we	PRON
fbem-10179	104	6	adopt	adopt	VERB
fbem-10179	104	7	the	the	DET
fbem-10179	104	8	content	content	NOUN
fbem-10179	104	9	scoring	scoring	NOUN
fbem-10179	104	10	method	method	NOUN
fbem-10179	104	11	to	to	PART
fbem-10179	104	12	measure	measure	VERB
fbem-10179	104	13	the	the	DET
fbem-10179	104	14	quality	quality	NOUN
fbem-10179	104	15	of	of	ADP
fbem-10179	104	16	environmental	environmental	ADJ
fbem-10179	104	17	information	information	NOUN
fbem-10179	104	18	disclosure	disclosure	NOUN
fbem-10179	104	19	of	of	ADP
fbem-10179	104	20	firms	firm	NOUN
fbem-10179	104	21	(	(	PUNCT
fbem-10179	104	22	eid	eid	NOUN
fbem-10179	104	23	)	)	PUNCT
fbem-10179	104	24	.	.	PUNCT
fbem-10179	105	1	indicators	indicator	NOUN
fbem-10179	105	2	with	with	ADP
fbem-10179	105	3	no	no	DET
fbem-10179	105	4	disclosure	disclosure	NOUN
fbem-10179	105	5	are	be	AUX
fbem-10179	105	6	assigned	assign	VERB
fbem-10179	105	7	a	a	DET
fbem-10179	105	8	value	value	NOUN
fbem-10179	105	9	of	of	ADP
fbem-10179	105	10	0	0	NUM
fbem-10179	105	11	,	,	PUNCT
fbem-10179	105	12	those	those	PRON
fbem-10179	105	13	with	with	ADP
fbem-10179	105	14	qualitative	qualitative	ADJ
fbem-10179	105	15	disclosure	disclosure	NOUN
fbem-10179	105	16	are	be	AUX
fbem-10179	105	17	assigned	assign	VERB
fbem-10179	105	18	a	a	DET
fbem-10179	105	19	value	value	NOUN
fbem-10179	105	20	of	of	ADP
fbem-10179	105	21	1	1	NUM
fbem-10179	105	22	,	,	PUNCT
fbem-10179	105	23	and	and	CCONJ
fbem-10179	105	24	those	those	PRON
fbem-10179	105	25	with	with	ADP
fbem-10179	105	26	quantitative	quantitative	ADJ
fbem-10179	105	27	disclosure	disclosure	NOUN
fbem-10179	105	28	are	be	AUX
fbem-10179	105	29	assigned	assign	VERB
fbem-10179	105	30	a	a	DET
fbem-10179	105	31	value	value	NOUN
fbem-10179	105	32	of	of	ADP
fbem-10179	105	33	2	2	NUM
fbem-10179	105	34	.	.	PUNCT
fbem-10179	106	1	the	the	DET
fbem-10179	106	2	maximum	maximum	ADJ
fbem-10179	106	3	score	score	NOUN
fbem-10179	106	4	for	for	ADP
fbem-10179	106	5	all	all	DET
fbem-10179	106	6	dimensions	dimension	NOUN
fbem-10179	106	7	of	of	ADP
fbem-10179	106	8	environmental	environmental	ADJ
fbem-10179	106	9	information	information	NOUN
fbem-10179	106	10	disclosure	disclosure	NOUN
fbem-10179	106	11	shown	show	VERB
fbem-10179	106	12	in	in	ADP
fbem-10179	106	13	appendix	appendix	NOUN
fbem-10179	106	14	1	1	NUM
fbem-10179	106	15	is	be	AUX
fbem-10179	106	16	37	37	NUM
fbem-10179	106	17	,	,	PUNCT
fbem-10179	106	18	with	with	ADP
fbem-10179	106	19	12	12	NUM
fbem-10179	106	20	quantitative	quantitative	ADJ
fbem-10179	106	21	items	item	NOUN
fbem-10179	106	22	on	on	ADP
fbem-10179	106	23	environmental	environmental	ADJ
fbem-10179	106	24	liabilities	liability	NOUN
fbem-10179	106	25	and	and	CCONJ
fbem-10179	106	26	environmental	environmental	ADJ
fbem-10179	106	27	performance	performance	NOUN
fbem-10179	106	28	&	&	CCONJ
fbem-10179	106	29	governance	governance	NOUN
fbem-10179	106	30	and	and	CCONJ
fbem-10179	106	31	13	13	NUM
fbem-10179	106	32	qualitative	qualitative	ADJ
fbem-10179	106	33	items	item	NOUN
fbem-10179	106	34	on	on	ADP
fbem-10179	106	35	the	the	DET
fbem-10179	106	36	other	other	ADJ
fbem-10179	106	37	three	three	NUM
fbem-10179	106	38	dimensions	dimension	NOUN
fbem-10179	106	39	.	.	PUNCT
fbem-10179	107	1	3.2.2	3.2.2	NUM
fbem-10179	107	2	.	.	PUNCT
fbem-10179	108	1	independent	independent	ADJ
fbem-10179	108	2	variable	variable	NOUN
fbem-10179	108	3	the	the	DET
fbem-10179	108	4	independent	independent	ADJ
fbem-10179	108	5	variable	variable	NOUN
fbem-10179	108	6	in	in	ADP
fbem-10179	108	7	this	this	DET
fbem-10179	108	8	paper	paper	NOUN
fbem-10179	108	9	is	be	AUX
fbem-10179	108	10	common	common	ADJ
fbem-10179	108	11	institutional	institutional	ADJ
fbem-10179	108	12	ownership	ownership	NOUN
fbem-10179	108	13	(	(	PUNCT
fbem-10179	108	14	coz	coz	NOUN
fbem-10179	108	15	)	)	PUNCT
fbem-10179	108	16	.	.	PUNCT
fbem-10179	109	1	referring	refer	VERB
fbem-10179	109	2	to	to	ADP
fbem-10179	109	3	the	the	DET
fbem-10179	109	4	existing	exist	VERB
fbem-10179	109	5	literature	literature	NOUN
fbem-10179	109	6	(	(	PUNCT
fbem-10179	109	7	he	he	PRON
fbem-10179	109	8	and	and	CCONJ
fbem-10179	109	9	huang	huang	PROPN
fbem-10179	109	10	,	,	PUNCT
fbem-10179	109	11	2017	2017	NUM
fbem-10179	109	12	;	;	PUNCT
fbem-10179	109	13	chen	chen	PROPN
fbem-10179	109	14	et	et	PROPN
fbem-10179	109	15	al	al	PROPN
fbem-10179	109	16	.	.	PROPN
fbem-10179	109	17	,	,	PUNCT
fbem-10179	109	18	2021	2021	NUM
fbem-10179	109	19	)	)	PUNCT
fbem-10179	109	20	,	,	PUNCT
fbem-10179	109	21	this	this	DET
fbem-10179	109	22	paper	paper	NOUN
fbem-10179	109	23	constructs	construct	VERB
fbem-10179	109	24	indicators	indicator	NOUN
fbem-10179	109	25	from	from	ADP
fbem-10179	109	26	three	three	NUM
fbem-10179	109	27	dimensions	dimension	NOUN
fbem-10179	109	28	:	:	PUNCT
fbem-10179	109	29	(	(	PUNCT
fbem-10179	109	30	1	1	X
fbem-10179	109	31	)	)	PUNCT
fbem-10179	109	32	a	a	DET
fbem-10179	109	33	common	common	ADJ
fbem-10179	109	34	institutional	institutional	ADJ
fbem-10179	109	35	ownership	ownership	NOUN
fbem-10179	109	36	dummy	dummy	ADJ
fbem-10179	109	37	variable	variable	NOUN
fbem-10179	109	38	(	(	PUNCT
fbem-10179	109	39	coz	coz	NOUN
fbem-10179	109	40	)	)	PUNCT
fbem-10179	109	41	,	,	PUNCT
fbem-10179	109	42	if	if	SCONJ
fbem-10179	109	43	there	there	PRON
fbem-10179	109	44	is	be	VERB
fbem-10179	109	45	a	a	DET
fbem-10179	109	46	co	co	ADJ
fbem-10179	109	47	-	-	ADJ
fbem-10179	109	48	institutional	institutional	ADJ
fbem-10179	109	49	investor	investor	NOUN
fbem-10179	109	50	in	in	ADP
fbem-10179	109	51	the	the	DET
fbem-10179	109	52	year	year	NOUN
fbem-10179	109	53	holdings	holding	NOUN
fbem-10179	109	54	in	in	ADP
fbem-10179	109	55	the	the	DET
fbem-10179	109	56	listed	list	VERB
fbem-10179	109	57	company	company	NOUN
fbem-10179	109	58	,	,	PUNCT
fbem-10179	109	59	coz1	coz1	PROPN
fbem-10179	109	60	is	be	AUX
fbem-10179	109	61	1	1	NUM
fbem-10179	109	62	;	;	PUNCT
fbem-10179	109	63	otherwise	otherwise	ADV
fbem-10179	109	64	,	,	PUNCT
fbem-10179	109	65	it	it	PRON
fbem-10179	109	66	is	be	AUX
fbem-10179	109	67	0	0	NUM
fbem-10179	109	68	,	,	PUNCT
fbem-10179	109	69	where	where	SCONJ
fbem-10179	109	70	co	co	VERB
fbem-10179	109	71	-	-	ADJ
fbem-10179	109	72	institutional	institutional	ADJ
fbem-10179	109	73	investors	investor	NOUN
fbem-10179	109	74	are	be	AUX
fbem-10179	109	75	those	those	PRON
fbem-10179	109	76	who	who	PRON
fbem-10179	109	77	hold	hold	VERB
fbem-10179	109	78	shares	share	NOUN
fbem-10179	109	79	in	in	ADP
fbem-10179	109	80	two	two	NUM
fbem-10179	109	81	or	or	CCONJ
fbem-10179	109	82	more	more	ADJ
fbem-10179	109	83	companies	company	NOUN
fbem-10179	109	84	in	in	ADP
fbem-10179	109	85	the	the	DET
fbem-10179	109	86	same	same	ADJ
fbem-10179	109	87	industry	industry	NOUN
fbem-10179	109	88	both	both	CCONJ
fbem-10179	109	89	institutional	institutional	ADJ
fbem-10179	109	90	investors	investor	NOUN
fbem-10179	109	91	holding	hold	VERB
fbem-10179	109	92	not	not	PART
fbem-10179	109	93	less	less	ADJ
fbem-10179	109	94	than	than	ADP
fbem-10179	109	95	5	5	NUM
fbem-10179	109	96	%	%	NOUN
fbem-10179	109	97	of	of	ADP
fbem-10179	109	98	shares	share	NOUN
fbem-10179	109	99	in	in	ADP
fbem-10179	109	100	two	two	NUM
fbem-10179	109	101	or	or	CCONJ
fbem-10179	109	102	more	more	ADJ
fbem-10179	109	103	companies	company	NOUN
fbem-10179	109	104	in	in	ADP
fbem-10179	109	105	the	the	DET
fbem-10179	109	106	same	same	ADJ
fbem-10179	109	107	industry	industry	NOUN
fbem-10179	109	108	.	.	PUNCT
fbem-10179	110	1	(	(	PUNCT
fbem-10179	110	2	2	2	X
fbem-10179	110	3	)	)	PUNCT
fbem-10179	110	4	the	the	DET
fbem-10179	110	5	degree	degree	NOUN
fbem-10179	110	6	of	of	ADP
fbem-10179	110	7	common	common	ADJ
fbem-10179	110	8	institutional	institutional	ADJ
fbem-10179	110	9	ownership	ownership	NOUN
fbem-10179	110	10	linkage	linkage	NOUN
fbem-10179	110	11	(	(	PUNCT
fbem-10179	110	12	coz2	coz2	PROPN
fbem-10179	110	13	)	)	PUNCT
fbem-10179	110	14	indicates	indicate	VERB
fbem-10179	110	15	the	the	DET
fbem-10179	110	16	number	number	NOUN
fbem-10179	110	17	of	of	ADP
fbem-10179	110	18	common	common	ADJ
fbem-10179	110	19	institutional	institutional	ADJ
fbem-10179	110	20	investors	investor	NOUN
fbem-10179	110	21	that	that	PRON
fbem-10179	110	22	collectively	collectively	ADV
fbem-10179	110	23	own	own	VERB
fbem-10179	110	24	the	the	DET
fbem-10179	110	25	listed	list	VERB
fbem-10179	110	26	company	company	NOUN
fbem-10179	110	27	,	,	PUNCT
fbem-10179	110	28	plus	plus	CCONJ
fbem-10179	110	29	one	one	NUM
fbem-10179	110	30	to	to	PART
fbem-10179	110	31	take	take	VERB
fbem-10179	110	32	the	the	DET
fbem-10179	110	33	natural	natural	ADJ
fbem-10179	110	34	logarithm	logarithm	NOUN
fbem-10179	110	35	.	.	PUNCT
fbem-10179	111	1	(	(	PUNCT
fbem-10179	111	2	3	3	X
fbem-10179	111	3	)	)	PUNCT
fbem-10179	111	4	common	common	ADJ
fbem-10179	111	5	institutional	institutional	ADJ
fbem-10179	111	6	ownership	ownership	NOUN
fbem-10179	111	7	shareholding	shareholding	NOUN
fbem-10179	111	8	(	(	PUNCT
fbem-10179	111	9	coz3	coz3	PROPN
fbem-10179	111	10	)	)	PUNCT
fbem-10179	111	11	equals	equal	VERB
fbem-10179	111	12	the	the	DET
fbem-10179	111	13	sum	sum	NOUN
fbem-10179	111	14	of	of	ADP
fbem-10179	111	15	the	the	DET
fbem-10179	111	16	shareholdings	shareholding	NOUN
fbem-10179	111	17	of	of	ADP
fbem-10179	111	18	all	all	DET
fbem-10179	111	19	co	co	ADJ
fbem-10179	111	20	-	-	ADJ
fbem-10179	111	21	institutional	institutional	ADJ
fbem-10179	111	22	investors	investor	NOUN
fbem-10179	111	23	owned	own	VERB
fbem-10179	111	24	by	by	ADP
fbem-10179	111	25	a	a	DET
fbem-10179	111	26	listed	list	VERB
fbem-10179	111	27	company	company	NOUN
fbem-10179	111	28	during	during	ADP
fbem-10179	111	29	the	the	DET
fbem-10179	111	30	year	year	NOUN
fbem-10179	111	31	.	.	PUNCT
fbem-10179	112	1	during	during	ADP
fbem-10179	112	2	the	the	DET
fbem-10179	112	3	calculations	calculation	NOUN
fbem-10179	112	4	,	,	PUNCT
fbem-10179	112	5	the	the	DET
fbem-10179	112	6	independent	independent	ADJ
fbem-10179	112	7	variables	variable	NOUN
fbem-10179	112	8	are	be	AUX
fbem-10179	112	9	constructed	construct	VERB
fbem-10179	112	10	based	base	VERB
fbem-10179	112	11	on	on	ADP
fbem-10179	112	12	quarterly	quarterly	ADJ
fbem-10179	112	13	data	datum	NOUN
fbem-10179	112	14	.	.	PUNCT
fbem-10179	113	1	suppose	suppose	VERB
fbem-10179	113	2	a	a	DET
fbem-10179	113	3	coinstitutional	coinstitutional	ADJ
fbem-10179	113	4	investor	investor	NOUN
fbem-10179	113	5	holds	hold	VERB
fbem-10179	113	6	a	a	DET
fbem-10179	113	7	firm	firm	NOUN
fbem-10179	113	8	in	in	ADP
fbem-10179	113	9	any	any	DET
fbem-10179	113	10	quarter	quarter	NOUN
fbem-10179	113	11	of	of	ADP
fbem-10179	113	12	a	a	DET
fbem-10179	113	13	year	year	NOUN
fbem-10179	113	14	.	.	PUNCT
fbem-10179	114	1	in	in	ADP
fbem-10179	114	2	that	that	DET
fbem-10179	114	3	case	case	NOUN
fbem-10179	114	4	,	,	PUNCT
fbem-10179	114	5	the	the	DET
fbem-10179	114	6	firm	firm	NOUN
fbem-10179	114	7	is	be	AUX
fbem-10179	114	8	judged	judge	VERB
fbem-10179	114	9	to	to	PART
fbem-10179	114	10	have	have	VERB
fbem-10179	114	11	common	common	ADJ
fbem-10179	114	12	institutional	institutional	ADJ
fbem-10179	114	13	ownership	ownership	NOUN
fbem-10179	114	14	during	during	ADP
fbem-10179	114	15	the	the	DET
fbem-10179	114	16	year	year	NOUN
fbem-10179	114	17	.	.	PUNCT
fbem-10179	115	1	the	the	DET
fbem-10179	115	2	average	average	ADJ
fbem-10179	115	3	value	value	NOUN
fbem-10179	115	4	of	of	ADP
fbem-10179	115	5	the	the	DET
fbem-10179	115	6	quarterly	quarterly	ADJ
fbem-10179	115	7	indicators	indicator	NOUN
fbem-10179	115	8	is	be	AUX
fbem-10179	115	9	taken	take	VERB
fbem-10179	115	10	as	as	ADP
fbem-10179	115	11	the	the	DET
fbem-10179	115	12	corresponding	corresponding	ADJ
fbem-10179	115	13	annual	annual	ADJ
fbem-10179	115	14	indicator	indicator	NOUN
fbem-10179	115	15	data	datum	NOUN
fbem-10179	115	16	.	.	PUNCT
fbem-10179	116	1	3.2.3	3.2.3	X
fbem-10179	116	2	.	.	X
fbem-10179	116	3	control	control	NOUN
fbem-10179	116	4	variables	variable	NOUN
fbem-10179	116	5	referring	refer	VERB
fbem-10179	116	6	to	to	ADP
fbem-10179	116	7	existing	exist	VERB
fbem-10179	116	8	research	research	NOUN
fbem-10179	116	9	on	on	ADP
fbem-10179	116	10	common	common	ADJ
fbem-10179	116	11	institutional	institutional	ADJ
fbem-10179	116	12	ownership	ownership	NOUN
fbem-10179	116	13	and	and	CCONJ
fbem-10179	116	14	environmental	environmental	ADJ
fbem-10179	116	15	information	information	NOUN
fbem-10179	116	16	disclosure	disclosure	NOUN
fbem-10179	116	17	(	(	PUNCT
fbem-10179	116	18	huang	huang	PROPN
fbem-10179	116	19	&	&	CCONJ
fbem-10179	116	20	chen	chen	PROPN
fbem-10179	116	21	,	,	PUNCT
fbem-10179	116	22	2015	2015	NUM
fbem-10179	116	23	;	;	PUNCT
fbem-10179	116	24	he	he	PRON
fbem-10179	116	25	&	&	CCONJ
fbem-10179	116	26	huang	huang	PROPN
fbem-10179	116	27	,	,	PUNCT
fbem-10179	116	28	2017	2017	NUM
fbem-10179	116	29	;	;	PUNCT
fbem-10179	116	30	wang	wang	PROPN
fbem-10179	116	31	et	et	PROPN
fbem-10179	116	32	al	al	PROPN
fbem-10179	116	33	.	.	PROPN
fbem-10179	116	34	,	,	PUNCT
fbem-10179	116	35	2021	2021	NUM
fbem-10179	116	36	)	)	PUNCT
fbem-10179	116	37	,	,	PUNCT
fbem-10179	116	38	several	several	ADJ
fbem-10179	116	39	following	follow	VERB
fbem-10179	116	40	control	control	NOUN
fbem-10179	116	41	variables	variable	NOUN
fbem-10179	116	42	were	be	AUX
fbem-10179	116	43	considered	consider	VERB
fbem-10179	116	44	in	in	ADP
fbem-10179	116	45	this	this	DET
fbem-10179	116	46	paper	paper	NOUN
fbem-10179	116	47	.	.	PUNCT
fbem-10179	117	1	first	first	ADV
fbem-10179	117	2	,	,	PUNCT
fbem-10179	117	3	the	the	DET
fbem-10179	117	4	size	size	NOUN
fbem-10179	117	5	of	of	ADP
fbem-10179	117	6	a	a	DET
fbem-10179	117	7	firm	firm	NOUN
fbem-10179	117	8	is	be	AUX
fbem-10179	117	9	a	a	DET
fbem-10179	117	10	fundamental	fundamental	ADJ
fbem-10179	117	11	factor	factor	NOUN
fbem-10179	117	12	influencing	influence	VERB
fbem-10179	117	13	strategic	strategic	ADJ
fbem-10179	117	14	decisions	decision	NOUN
fbem-10179	117	15	and	and	CCONJ
fbem-10179	117	16	a	a	DET
fbem-10179	117	17	significant	significant	ADJ
fbem-10179	117	18	source	source	NOUN
fbem-10179	117	19	of	of	ADP
fbem-10179	117	20	firm	firm	ADJ
fbem-10179	117	21	heterogeneity	heterogeneity	NOUN
fbem-10179	117	22	.	.	PUNCT
fbem-10179	118	1	we	we	PRON
fbem-10179	118	2	controlled	control	VERB
fbem-10179	118	3	the	the	DET
fbem-10179	118	4	firm	firm	ADJ
fbem-10179	118	5	size	size	NOUN
fbem-10179	118	6	(	(	PUNCT
fbem-10179	118	7	size	size	NOUN
fbem-10179	118	8	)	)	PUNCT
fbem-10179	118	9	and	and	CCONJ
fbem-10179	118	10	measured	measure	VERB
fbem-10179	118	11	it	it	PRON
fbem-10179	118	12	as	as	ADP
fbem-10179	118	13	the	the	DET
fbem-10179	118	14	natural	natural	ADJ
fbem-10179	118	15	logarithm	logarithm	NOUN
fbem-10179	118	16	of	of	ADP
fbem-10179	118	17	its	its	PRON
fbem-10179	118	18	total	total	ADJ
fbem-10179	118	19	assets	asset	NOUN
fbem-10179	118	20	.	.	PUNCT
fbem-10179	119	1	besides	besides	SCONJ
fbem-10179	119	2	,	,	PUNCT
fbem-10179	119	3	we	we	PRON
fbem-10179	119	4	controlled	control	VERB
fbem-10179	119	5	the	the	DET
fbem-10179	119	6	firm	firm	ADJ
fbem-10179	119	7	age	age	NOUN
fbem-10179	119	8	(	(	PUNCT
fbem-10179	119	9	age	age	NOUN
fbem-10179	119	10	)	)	PUNCT
fbem-10179	119	11	and	and	CCONJ
fbem-10179	119	12	measured	measure	VERB
fbem-10179	119	13	it	it	PRON
fbem-10179	119	14	as	as	ADP
fbem-10179	119	15	the	the	DET
fbem-10179	119	16	natural	natural	ADJ
fbem-10179	119	17	logarithm	logarithm	NOUN
fbem-10179	119	18	of	of	ADP
fbem-10179	119	19	the	the	DET
fbem-10179	119	20	years	year	NOUN
fbem-10179	119	21	a	a	DET
fbem-10179	119	22	firm	firm	NOUN
fbem-10179	119	23	has	have	AUX
fbem-10179	119	24	existed	exist	VERB
fbem-10179	119	25	since	since	SCONJ
fbem-10179	119	26	its	its	PRON
fbem-10179	119	27	foundation	foundation	NOUN
fbem-10179	119	28	.	.	PUNCT
fbem-10179	120	1	then	then	ADV
fbem-10179	120	2	,	,	PUNCT
fbem-10179	120	3	as	as	SCONJ
fbem-10179	120	4	mentioned	mention	VERB
fbem-10179	120	5	above	above	ADV
fbem-10179	120	6	,	,	PUNCT
fbem-10179	120	7	financial	financial	ADJ
fbem-10179	120	8	factors	factor	NOUN
fbem-10179	120	9	are	be	AUX
fbem-10179	120	10	essential	essential	ADJ
fbem-10179	120	11	antecedents	antecedent	NOUN
fbem-10179	120	12	that	that	PRON
fbem-10179	120	13	impact	impact	NOUN
fbem-10179	120	14	firms	firm	NOUN
fbem-10179	120	15	’	'	PUNCT
fbem-10179	120	16	environmental	environmental	ADJ
fbem-10179	120	17	information	information	NOUN
fbem-10179	120	18	disclosure	disclosure	NOUN
fbem-10179	120	19	.	.	PUNCT
fbem-10179	121	1	we	we	PRON
fbem-10179	121	2	controlled	control	VERB
fbem-10179	121	3	three	three	NUM
fbem-10179	121	4	main	main	ADJ
fbem-10179	121	5	financial	financial	ADJ
fbem-10179	121	6	indicators	indicator	NOUN
fbem-10179	121	7	of	of	ADP
fbem-10179	121	8	the	the	DET
fbem-10179	121	9	firm	firm	NOUN
fbem-10179	121	10	.	.	PUNCT
fbem-10179	122	1	asset	asset	NOUN
fbem-10179	122	2	-	-	PUNCT
fbem-10179	122	3	liability	liability	NOUN
fbem-10179	122	4	ratio	ratio	NOUN
fbem-10179	122	5	(	(	PUNCT
fbem-10179	122	6	lev	lev	NOUN
fbem-10179	122	7	)	)	PUNCT
fbem-10179	122	8	was	be	AUX
fbem-10179	122	9	measured	measure	VERB
fbem-10179	122	10	as	as	ADP
fbem-10179	122	11	the	the	DET
fbem-10179	122	12	total	total	ADJ
fbem-10179	122	13	liabilities	liability	NOUN
fbem-10179	122	14	at	at	ADP
fbem-10179	122	15	the	the	DET
fbem-10179	122	16	end	end	NOUN
fbem-10179	122	17	of	of	ADP
fbem-10179	122	18	the	the	DET
fbem-10179	122	19	year	year	NOUN
fbem-10179	122	20	divided	divide	VERB
fbem-10179	122	21	by	by	ADP
fbem-10179	122	22	total	total	ADJ
fbem-10179	122	23	assets	asset	NOUN
fbem-10179	122	24	at	at	ADP
fbem-10179	122	25	the	the	DET
fbem-10179	122	26	end	end	NOUN
fbem-10179	122	27	of	of	ADP
fbem-10179	122	28	the	the	DET
fbem-10179	122	29	year	year	NOUN
fbem-10179	122	30	.	.	PUNCT
fbem-10179	123	1	we	we	PRON
fbem-10179	123	2	controlled	control	VERB
fbem-10179	123	3	return	return	NOUN
fbem-10179	123	4	on	on	ADP
fbem-10179	123	5	assets	asset	NOUN
fbem-10179	123	6	(	(	PUNCT
fbem-10179	123	7	roa	roa	NOUN
fbem-10179	123	8	)	)	PUNCT
fbem-10179	123	9	and	and	CCONJ
fbem-10179	123	10	measured	measure	VERB
fbem-10179	123	11	it	it	PRON
fbem-10179	123	12	as	as	ADP
fbem-10179	123	13	net	net	ADJ
fbem-10179	123	14	profit	profit	NOUN
fbem-10179	123	15	divided	divide	VERB
fbem-10179	123	16	by	by	ADP
fbem-10179	123	17	the	the	DET
fbem-10179	123	18	average	average	ADJ
fbem-10179	123	19	balance	balance	NOUN
fbem-10179	123	20	of	of	ADP
fbem-10179	123	21	total	total	ADJ
fbem-10179	123	22	assets	asset	NOUN
fbem-10179	123	23	.	.	PUNCT
fbem-10179	124	1	the	the	DET
fbem-10179	124	2	cash	cash	NOUN
fbem-10179	124	3	return	return	NOUN
fbem-10179	124	4	on	on	ADP
fbem-10179	124	5	assets	asset	NOUN
fbem-10179	124	6	ratio	ratio	NOUN
fbem-10179	124	7	(	(	PUNCT
fbem-10179	124	8	cashflow	cashflow	NOUN
fbem-10179	124	9	)	)	PUNCT
fbem-10179	124	10	was	be	AUX
fbem-10179	124	11	calculated	calculate	VERB
fbem-10179	124	12	as	as	ADP
fbem-10179	124	13	the	the	DET
fbem-10179	124	14	operating	operate	VERB
fbem-10179	124	15	cash	cash	NOUN
fbem-10179	124	16	flow	flow	NOUN
fbem-10179	124	17	divided	divide	VERB
fbem-10179	124	18	by	by	ADP
fbem-10179	124	19	total	total	ADJ
fbem-10179	124	20	assets	asset	NOUN
fbem-10179	124	21	.	.	PUNCT
fbem-10179	125	1	besides	besides	SCONJ
fbem-10179	125	2	,	,	PUNCT
fbem-10179	125	3	stakeholders	stakeholder	NOUN
fbem-10179	125	4	inside	inside	ADP
fbem-10179	125	5	and	and	CCONJ
fbem-10179	125	6	outside	outside	ADP
fbem-10179	125	7	the	the	DET
fbem-10179	125	8	firm	firm	NOUN
fbem-10179	125	9	play	play	VERB
fbem-10179	125	10	essential	essential	ADJ
fbem-10179	125	11	roles	role	NOUN
fbem-10179	125	12	in	in	ADP
fbem-10179	125	13	corporate	corporate	ADJ
fbem-10179	125	14	governance	governance	NOUN
fbem-10179	125	15	and	and	CCONJ
fbem-10179	125	16	are	be	AUX
fbem-10179	125	17	likely	likely	ADJ
fbem-10179	125	18	to	to	PART
fbem-10179	125	19	influence	influence	VERB
fbem-10179	125	20	firms	firm	NOUN
fbem-10179	125	21	’	'	PUNCT
fbem-10179	125	22	environmental	environmental	ADJ
fbem-10179	125	23	information	information	NOUN
fbem-10179	125	24	disclosure	disclosure	NOUN
fbem-10179	125	25	.	.	PUNCT
fbem-10179	126	1	hence	hence	ADV
fbem-10179	126	2	,	,	PUNCT
fbem-10179	126	3	we	we	PRON
fbem-10179	126	4	took	take	VERB
fbem-10179	126	5	the	the	DET
fbem-10179	126	6	following	follow	VERB
fbem-10179	126	7	control	control	NOUN
fbem-10179	126	8	variables	variable	NOUN
fbem-10179	126	9	into	into	ADP
fbem-10179	126	10	account	account	NOUN
fbem-10179	126	11	.	.	PUNCT
fbem-10179	127	1	we	we	PRON
fbem-10179	127	2	controlled	control	VERB
fbem-10179	127	3	the	the	DET
fbem-10179	127	4	proportion	proportion	NOUN
fbem-10179	127	5	of	of	ADP
fbem-10179	127	6	independent	independent	ADJ
fbem-10179	127	7	directors	director	NOUN
fbem-10179	127	8	(	(	PUNCT
fbem-10179	127	9	indep	indep	NOUN
fbem-10179	127	10	)	)	PUNCT
fbem-10179	127	11	and	and	CCONJ
fbem-10179	127	12	measured	measure	VERB
fbem-10179	127	13	it	it	PRON
fbem-10179	127	14	as	as	ADP
fbem-10179	127	15	the	the	DET
fbem-10179	127	16	number	number	NOUN
fbem-10179	127	17	of	of	ADP
fbem-10179	127	18	independent	independent	ADJ
fbem-10179	127	19	directors	director	NOUN
fbem-10179	127	20	divided	divide	VERB
fbem-10179	127	21	by	by	ADP
fbem-10179	127	22	the	the	DET
fbem-10179	127	23	number	number	NOUN
fbem-10179	127	24	of	of	ADP
fbem-10179	127	25	directors	director	NOUN
fbem-10179	127	26	.	.	PUNCT
fbem-10179	128	1	ceo	ceo	NOUN
fbem-10179	128	2	duality	duality	NOUN
fbem-10179	128	3	(	(	PUNCT
fbem-10179	128	4	dual	dual	ADJ
fbem-10179	128	5	)	)	PUNCT
fbem-10179	128	6	,	,	PUNCT
fbem-10179	128	7	which	which	PRON
fbem-10179	128	8	was	be	AUX
fbem-10179	128	9	a	a	DET
fbem-10179	128	10	dummy	dummy	ADJ
fbem-10179	128	11	variable	variable	NOUN
fbem-10179	128	12	and	and	CCONJ
fbem-10179	128	13	“	"	PUNCT
fbem-10179	128	14	1	1	NUM
fbem-10179	128	15	”	"	PUNCT
fbem-10179	128	16	indicated	indicate	VERB
fbem-10179	128	17	the	the	DET
fbem-10179	128	18	chairman	chairman	NOUN
fbem-10179	128	19	and	and	CCONJ
fbem-10179	128	20	managing	managing	NOUN
fbem-10179	128	21	director	director	NOUN
fbem-10179	128	22	are	be	AUX
fbem-10179	128	23	the	the	DET
fbem-10179	128	24	same	same	ADJ
fbem-10179	128	25	person	person	NOUN
fbem-10179	128	26	,	,	PUNCT
fbem-10179	128	27	“	"	PUNCT
fbem-10179	128	28	0	0	NUM
fbem-10179	128	29	”	"	PUNCT
fbem-10179	128	30	otherwise	otherwise	ADV
fbem-10179	128	31	.	.	PUNCT
fbem-10179	129	1	big	big	ADJ
fbem-10179	129	2	four	four	NUM
fbem-10179	129	3	accounting	accounting	NOUN
fbem-10179	129	4	firms	firm	NOUN
fbem-10179	129	5	(	(	PUNCT
fbem-10179	129	6	big4	big4	PROPN
fbem-10179	129	7	)	)	PUNCT
fbem-10179	129	8	,	,	PUNCT
fbem-10179	129	9	which	which	PRON
fbem-10179	129	10	was	be	AUX
fbem-10179	129	11	also	also	ADV
fbem-10179	129	12	a	a	DET
fbem-10179	129	13	dummy	dummy	ADJ
fbem-10179	129	14	variable	variable	NOUN
fbem-10179	129	15	and	and	CCONJ
fbem-10179	129	16	“	"	PUNCT
fbem-10179	129	17	1	1	NUM
fbem-10179	129	18	”	"	PUNCT
fbem-10179	129	19	indicated	indicate	VERB
fbem-10179	129	20	the	the	DET
fbem-10179	129	21	firm	firm	NOUN
fbem-10179	129	22	was	be	AUX
fbem-10179	129	23	audited	audit	VERB
fbem-10179	129	24	by	by	ADP
fbem-10179	129	25	one	one	NUM
fbem-10179	129	26	of	of	ADP
fbem-10179	129	27	the	the	DET
fbem-10179	129	28	big	big	ADJ
fbem-10179	129	29	four	four	NUM
fbem-10179	129	30	accounting	accounting	NOUN
fbem-10179	129	31	firms	firm	NOUN
fbem-10179	129	32	(	(	PUNCT
fbem-10179	129	33	pwc	pwc	PROPN
fbem-10179	129	34	,	,	PUNCT
fbem-10179	129	35	deloitte	deloitte	PROPN
fbem-10179	129	36	,	,	PUNCT
fbem-10179	129	37	kpmg	kpmg	PROPN
fbem-10179	129	38	,	,	PUNCT
fbem-10179	129	39	ernst	ernst	PROPN
fbem-10179	129	40	&	&	CCONJ
fbem-10179	129	41	young	young	PROPN
fbem-10179	129	42	)	)	PUNCT
fbem-10179	129	43	,	,	PUNCT
fbem-10179	129	44	“	"	PUNCT
fbem-10179	129	45	0	0	NUM
fbem-10179	129	46	”	"	PUNCT
fbem-10179	129	47	otherwise	otherwise	ADV
fbem-10179	129	48	.	.	PUNCT
fbem-10179	130	1	management	management	NOUN
fbem-10179	130	2	shareholding	shareholding	NOUN
fbem-10179	130	3	(	(	PUNCT
fbem-10179	130	4	mshare	mshare	PROPN
fbem-10179	130	5	)	)	PUNCT
fbem-10179	130	6	was	be	AUX
fbem-10179	130	7	calculated	calculate	VERB
fbem-10179	130	8	as	as	ADP
fbem-10179	130	9	the	the	DET
fbem-10179	130	10	shareholdings	shareholding	NOUN
fbem-10179	130	11	of	of	ADP
fbem-10179	130	12	management	management	NOUN
fbem-10179	130	13	divided	divide	VERB
fbem-10179	130	14	by	by	ADP
fbem-10179	130	15	total	total	ADJ
fbem-10179	130	16	share	share	NOUN
fbem-10179	130	17	capital	capital	NOUN
fbem-10179	130	18	.	.	PUNCT
fbem-10179	131	1	ownership	ownership	NOUN
fbem-10179	131	2	concentration	concentration	NOUN
fbem-10179	131	3	(	(	PUNCT
fbem-10179	131	4	top1	top1	PROPN
fbem-10179	131	5	)	)	PUNCT
fbem-10179	131	6	was	be	AUX
fbem-10179	131	7	measured	measure	VERB
fbem-10179	131	8	as	as	ADP
fbem-10179	131	9	shares	share	NOUN
fbem-10179	131	10	held	hold	VERB
fbem-10179	131	11	by	by	ADP
fbem-10179	131	12	the	the	DET
fbem-10179	131	13	top	top	ADJ
fbem-10179	131	14	shareholder	shareholder	NOUN
fbem-10179	131	15	divided	divide	VERB
fbem-10179	131	16	by	by	ADP
fbem-10179	131	17	the	the	DET
fbem-10179	131	18	total	total	ADJ
fbem-10179	131	19	shares	share	NOUN
fbem-10179	131	20	.	.	PUNCT
fbem-10179	132	1	finally	finally	ADV
fbem-10179	132	2	,	,	PUNCT
fbem-10179	132	3	we	we	PRON
fbem-10179	132	4	controlled	control	VERB
fbem-10179	132	5	the	the	DET
fbem-10179	132	6	year	year	NOUN
fbem-10179	132	7	and	and	CCONJ
fbem-10179	132	8	industry	industry	NOUN
fbem-10179	132	9	dummy	dummy	NOUN
fbem-10179	132	10	to	to	PART
fbem-10179	132	11	account	account	VERB
fbem-10179	132	12	for	for	ADP
fbem-10179	132	13	unobserved	unobserved	ADJ
fbem-10179	132	14	factors	factor	NOUN
fbem-10179	132	15	influencing	influence	VERB
fbem-10179	132	16	firms	firm	NOUN
fbem-10179	132	17	’	'	PUNCT
fbem-10179	132	18	environmental	environmental	ADJ
fbem-10179	132	19	information	information	NOUN
fbem-10179	132	20	disclosure	disclosure	NOUN
fbem-10179	132	21	.	.	PUNCT
fbem-10179	133	1	3.3	3.3	NUM
fbem-10179	133	2	.	.	PUNCT
fbem-10179	133	3	model	model	NOUN
fbem-10179	133	4	specification	specification	NOUN
fbem-10179	133	5	in	in	ADP
fbem-10179	133	6	this	this	DET
fbem-10179	133	7	paper	paper	NOUN
fbem-10179	133	8	,	,	PUNCT
fbem-10179	133	9	we	we	PRON
fbem-10179	133	10	adopted	adopt	VERB
fbem-10179	133	11	fixed	fix	VERB
fbem-10179	133	12	-	-	PUNCT
fbem-10179	133	13	effects	effect	NOUN
fbem-10179	133	14	ordinary	ordinary	ADJ
fbem-10179	133	15	least	least	ADJ
fbem-10179	133	16	squares	square	NOUN
fbem-10179	133	17	(	(	PUNCT
fbem-10179	133	18	ols	ol	NOUN
fbem-10179	133	19	)	)	PUNCT
fbem-10179	133	20	estimation	estimation	NOUN
fbem-10179	133	21	to	to	PART
fbem-10179	133	22	control	control	VERB
fbem-10179	133	23	any	any	DET
fbem-10179	133	24	potential	potential	ADJ
fbem-10179	133	25	timeinvariant	timeinvariant	NOUN
fbem-10179	133	26	unobserved	unobserved	ADJ
fbem-10179	133	27	heterogeneity	heterogeneity	NOUN
fbem-10179	133	28	.	.	PUNCT
fbem-10179	134	1	we	we	PRON
fbem-10179	134	2	also	also	ADV
fbem-10179	134	3	controlled	control	VERB
fbem-10179	134	4	year	year	NOUN
fbem-10179	134	5	and	and	CCONJ
fbem-10179	134	6	industry	industry	NOUN
fbem-10179	134	7	effects	effect	NOUN
fbem-10179	134	8	in	in	ADP
fbem-10179	134	9	our	our	PRON
fbem-10179	134	10	study	study	NOUN
fbem-10179	134	11	to	to	PART
fbem-10179	134	12	exclude	exclude	VERB
fbem-10179	134	13	the	the	DET
fbem-10179	134	14	possible	possible	ADJ
fbem-10179	134	15	106	106	NUM
fbem-10179	134	16	effects	effect	NOUN
fbem-10179	134	17	of	of	ADP
fbem-10179	134	18	time	time	NOUN
fbem-10179	134	19	factors	factor	NOUN
fbem-10179	134	20	and	and	CCONJ
fbem-10179	134	21	industry	industry	NOUN
fbem-10179	134	22	characteristics	characteristic	NOUN
fbem-10179	134	23	.	.	PUNCT
fbem-10179	135	1	finally	finally	ADV
fbem-10179	135	2	,	,	PUNCT
fbem-10179	135	3	we	we	PRON
fbem-10179	135	4	constructed	construct	VERB
fbem-10179	135	5	the	the	DET
fbem-10179	135	6	following	follow	VERB
fbem-10179	135	7	regression	regression	NOUN
fbem-10179	135	8	model	model	NOUN
fbem-10179	135	9	to	to	PART
fbem-10179	135	10	examine	examine	VERB
fbem-10179	135	11	the	the	DET
fbem-10179	135	12	relationship	relationship	NOUN
fbem-10179	135	13	between	between	ADP
fbem-10179	135	14	common	common	ADJ
fbem-10179	135	15	institutional	institutional	ADJ
fbem-10179	135	16	ownership	ownership	NOUN
fbem-10179	135	17	and	and	CCONJ
fbem-10179	135	18	the	the	DET
fbem-10179	135	19	quality	quality	NOUN
fbem-10179	135	20	of	of	ADP
fbem-10179	135	21	environmental	environmental	ADJ
fbem-10179	135	22	information	information	NOUN
fbem-10179	135	23	disclosure	disclosure	NOUN
fbem-10179	135	24	(	(	PUNCT
fbem-10179	135	25	h1	h1	PROPN
fbem-10179	135	26	)	)	PUNCT
fbem-10179	135	27	,	,	PUNCT
fbem-10179	135	28	where	where	SCONJ
fbem-10179	135	29	the	the	DET
fbem-10179	135	30	subscript	subscript	NOUN
fbem-10179	135	31	i	i	PRON
fbem-10179	135	32	represented	represent	VERB
fbem-10179	135	33	the	the	DET
fbem-10179	135	34	firm	firm	NOUN
fbem-10179	135	35	,	,	PUNCT
fbem-10179	135	36	t	t	PROPN
fbem-10179	135	37	represented	represent	VERB
fbem-10179	135	38	the	the	DET
fbem-10179	135	39	year	year	NOUN
fbem-10179	135	40	,	,	PUNCT
fbem-10179	135	41	and	and	CCONJ
fbem-10179	135	42	ɛ	ɛ	PROPN
fbem-10179	135	43	represented	represent	VERB
fbem-10179	135	44	the	the	DET
fbem-10179	135	45	residual	residual	ADJ
fbem-10179	135	46	:	:	PUNCT
fbem-10179	135	47	𝐸𝐼𝐷	𝐸𝐼𝐷	PROPN
fbem-10179	135	48	,	,	PUNCT
fbem-10179	135	49	𝛽	𝛽	NOUN
fbem-10179	135	50	𝛽	𝛽	PROPN
fbem-10179	135	51	𝐶𝑜𝑧	𝐶𝑜𝑧	PROPN
fbem-10179	135	52	,	,	PUNCT
fbem-10179	135	53	𝛽	𝛽	PROPN
fbem-10179	135	54	ʃ𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	ʃ𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	PROPN
fbem-10179	135	55	,	,	PUNCT
fbem-10179	135	56	ʃyear	ʃyear	PROPN
fbem-10179	135	57	ʃindustry	ʃindustry	PROPN
fbem-10179	135	58	𝜀	𝜀	PROPN
fbem-10179	135	59	,	,	PUNCT
fbem-10179	135	60	(	(	PUNCT
fbem-10179	135	61	1	1	X
fbem-10179	135	62	)	)	PUNCT
fbem-10179	135	63	4	4	NUM
fbem-10179	135	64	.	.	PUNCT
fbem-10179	135	65	results	result	VERB
fbem-10179	135	66	4.1	4.1	NUM
fbem-10179	135	67	.	.	PUNCT
fbem-10179	136	1	descriptive	descriptive	ADJ
fbem-10179	136	2	statistics	statistic	NOUN
fbem-10179	136	3	and	and	CCONJ
fbem-10179	136	4	correlation	correlation	NOUN
fbem-10179	136	5	analysis	analysis	NOUN
fbem-10179	136	6	table	table	NOUN
fbem-10179	136	7	1	1	NUM
fbem-10179	136	8	presents	present	VERB
fbem-10179	136	9	the	the	DET
fbem-10179	136	10	descriptive	descriptive	ADJ
fbem-10179	136	11	statistics	statistic	NOUN
fbem-10179	136	12	of	of	ADP
fbem-10179	136	13	all	all	DET
fbem-10179	136	14	variables	variable	NOUN
fbem-10179	136	15	.	.	PUNCT
fbem-10179	137	1	for	for	ADP
fbem-10179	137	2	each	each	DET
fbem-10179	137	3	variable	variable	NOUN
fbem-10179	137	4	,	,	PUNCT
fbem-10179	137	5	we	we	PRON
fbem-10179	137	6	report	report	VERB
fbem-10179	137	7	the	the	DET
fbem-10179	137	8	number	number	NOUN
fbem-10179	137	9	of	of	ADP
fbem-10179	137	10	firm	firm	ADJ
fbem-10179	137	11	-	-	PUNCT
fbem-10179	137	12	year	year	NOUN
fbem-10179	137	13	observations	observation	NOUN
fbem-10179	137	14	,	,	PUNCT
fbem-10179	137	15	mean	mean	VERB
fbem-10179	137	16	,	,	PUNCT
fbem-10179	137	17	standard	standard	ADJ
fbem-10179	137	18	deviation	deviation	NOUN
fbem-10179	137	19	,	,	PUNCT
fbem-10179	137	20	minimum	minimum	NOUN
fbem-10179	137	21	value	value	NOUN
fbem-10179	137	22	and	and	CCONJ
fbem-10179	137	23	maximum	maximum	ADJ
fbem-10179	137	24	value	value	NOUN
fbem-10179	137	25	.	.	PUNCT
fbem-10179	138	1	as	as	SCONJ
fbem-10179	138	2	shown	show	VERB
fbem-10179	138	3	in	in	ADP
fbem-10179	138	4	table	table	NOUN
fbem-10179	138	5	1	1	NUM
fbem-10179	138	6	,	,	PUNCT
fbem-10179	138	7	the	the	DET
fbem-10179	138	8	mean	mean	ADJ
fbem-10179	138	9	value	value	NOUN
fbem-10179	138	10	of	of	ADP
fbem-10179	138	11	eid	eid	PROPN
fbem-10179	138	12	is	be	AUX
fbem-10179	138	13	5.626	5.626	NUM
fbem-10179	138	14	,	,	PUNCT
fbem-10179	138	15	and	and	CCONJ
fbem-10179	138	16	the	the	DET
fbem-10179	138	17	standard	standard	ADJ
fbem-10179	138	18	deviation	deviation	NOUN
fbem-10179	138	19	is	be	AUX
fbem-10179	138	20	5.717	5.717	NUM
fbem-10179	138	21	,	,	PUNCT
fbem-10179	138	22	indicating	indicate	VERB
fbem-10179	138	23	that	that	SCONJ
fbem-10179	138	24	at	at	ADP
fbem-10179	138	25	present	present	NOUN
fbem-10179	138	26	,	,	PUNCT
fbem-10179	138	27	the	the	DET
fbem-10179	138	28	quality	quality	NOUN
fbem-10179	138	29	of	of	ADP
fbem-10179	138	30	environmental	environmental	ADJ
fbem-10179	138	31	information	information	NOUN
fbem-10179	138	32	disclosure	disclosure	NOUN
fbem-10179	138	33	by	by	ADP
fbem-10179	138	34	listed	list	VERB
fbem-10179	138	35	enterprises	enterprise	NOUN
fbem-10179	138	36	in	in	ADP
fbem-10179	138	37	china	china	PROPN
fbem-10179	138	38	is	be	AUX
fbem-10179	138	39	still	still	ADV
fbem-10179	138	40	relatively	relatively	ADV
fbem-10179	138	41	low	low	ADJ
fbem-10179	138	42	in	in	ADP
fbem-10179	138	43	general	general	ADJ
fbem-10179	138	44	,	,	PUNCT
fbem-10179	138	45	and	and	CCONJ
fbem-10179	138	46	the	the	DET
fbem-10179	138	47	disclosure	disclosure	NOUN
fbem-10179	138	48	status	status	NOUN
fbem-10179	138	49	varies	vary	VERB
fbem-10179	138	50	greatly	greatly	ADV
fbem-10179	138	51	between	between	ADP
fbem-10179	138	52	different	different	ADJ
fbem-10179	138	53	enterprises	enterprise	NOUN
fbem-10179	138	54	,	,	PUNCT
fbem-10179	138	55	and	and	CCONJ
fbem-10179	138	56	the	the	DET
fbem-10179	138	57	practice	practice	NOUN
fbem-10179	138	58	of	of	ADP
fbem-10179	138	59	environmental	environmental	ADJ
fbem-10179	138	60	information	information	NOUN
fbem-10179	138	61	disclosure	disclosure	NOUN
fbem-10179	138	62	is	be	AUX
fbem-10179	138	63	still	still	ADV
fbem-10179	138	64	at	at	ADP
fbem-10179	138	65	a	a	DET
fbem-10179	138	66	relatively	relatively	ADV
fbem-10179	138	67	early	early	ADJ
fbem-10179	138	68	stage	stage	NOUN
fbem-10179	138	69	of	of	ADP
fbem-10179	138	70	development	development	NOUN
fbem-10179	138	71	in	in	ADP
fbem-10179	138	72	general	general	ADJ
fbem-10179	138	73	.	.	PUNCT
fbem-10179	139	1	the	the	DET
fbem-10179	139	2	mean	mean	NOUN
fbem-10179	139	3	of	of	ADP
fbem-10179	139	4	coz	coz	NOUN
fbem-10179	139	5	is	be	AUX
fbem-10179	139	6	0.039	0.039	NUM
fbem-10179	139	7	,	,	PUNCT
fbem-10179	139	8	indicating	indicate	VERB
fbem-10179	139	9	that	that	SCONJ
fbem-10179	139	10	the	the	DET
fbem-10179	139	11	proportion	proportion	NOUN
fbem-10179	139	12	of	of	ADP
fbem-10179	139	13	sample	sample	NOUN
fbem-10179	139	14	firms	firm	NOUN
fbem-10179	139	15	with	with	ADP
fbem-10179	139	16	common	common	ADJ
fbem-10179	139	17	institutional	institutional	ADJ
fbem-10179	139	18	ownership	ownership	NOUN
fbem-10179	139	19	is	be	AUX
fbem-10179	139	20	less	less	ADJ
fbem-10179	139	21	than	than	ADP
fbem-10179	139	22	4	4	NUM
fbem-10179	139	23	%	%	NOUN
fbem-10179	139	24	.	.	PUNCT
fbem-10179	140	1	besides	besides	SCONJ
fbem-10179	140	2	,	,	PUNCT
fbem-10179	140	3	the	the	DET
fbem-10179	140	4	descriptive	descriptive	ADJ
fbem-10179	140	5	statistics	statistic	NOUN
fbem-10179	140	6	of	of	ADP
fbem-10179	140	7	control	control	NOUN
fbem-10179	140	8	variables	variable	NOUN
fbem-10179	140	9	are	be	AUX
fbem-10179	140	10	within	within	ADP
fbem-10179	140	11	a	a	DET
fbem-10179	140	12	reasonable	reasonable	ADJ
fbem-10179	140	13	range	range	NOUN
fbem-10179	140	14	,	,	PUNCT
fbem-10179	140	15	implying	imply	VERB
fbem-10179	140	16	that	that	SCONJ
fbem-10179	140	17	outliers	outlier	NOUN
fbem-10179	140	18	are	be	AUX
fbem-10179	140	19	unlikely	unlikely	ADJ
fbem-10179	140	20	to	to	PART
fbem-10179	140	21	be	be	AUX
fbem-10179	140	22	a	a	DET
fbem-10179	140	23	severe	severe	ADJ
fbem-10179	140	24	problem	problem	NOUN
fbem-10179	140	25	in	in	ADP
fbem-10179	140	26	this	this	DET
fbem-10179	140	27	paper	paper	NOUN
fbem-10179	140	28	.	.	PUNCT
fbem-10179	141	1	table	table	NOUN
fbem-10179	141	2	1	1	NUM
fbem-10179	141	3	.	.	PUNCT
fbem-10179	141	4	descriptive	descriptive	ADJ
fbem-10179	141	5	statistics	statistic	NOUN
fbem-10179	141	6	observations	observation	NOUN
fbem-10179	141	7	mean	mean	VERB
fbem-10179	141	8	sd	sd	ADP
fbem-10179	141	9	min	min	PROPN
fbem-10179	141	10	max	max	PROPN
fbem-10179	141	11	1.eid	1.eid	PROPN
fbem-10179	141	12	12634	12634	NUM
fbem-10179	141	13	5.626	5.626	NUM
fbem-10179	141	14	5.717	5.717	NUM
fbem-10179	141	15	1.000	1.000	NUM
fbem-10179	141	16	36.000	36.000	NUM
fbem-10179	141	17	2.coz	2.coz	NUM
fbem-10179	141	18	12634	12634	NUM
fbem-10179	141	19	0.039	0.039	NUM
fbem-10179	141	20	0.193	0.193	NUM
fbem-10179	141	21	0.000	0.000	NUM
fbem-10179	141	22	1.000	1.000	NUM
fbem-10179	141	23	3.size	3.size	NUM
fbem-10179	141	24	12634	12634	NUM
fbem-10179	141	25	21.820	21.820	NUM
fbem-10179	141	26	1.078	1.078	NUM
fbem-10179	141	27	19.525	19.525	NUM
fbem-10179	141	28	26.398	26.398	NUM
fbem-10179	141	29	4.age	4.age	NOUN
fbem-10179	141	30	12634	12634	NUM
fbem-10179	141	31	2.802	2.802	NUM
fbem-10179	141	32	0.354	0.354	NUM
fbem-10179	141	33	1.099	1.099	NUM
fbem-10179	141	34	3.555	3.555	NUM
fbem-10179	141	35	5.lev	5.lev	ADP
fbem-10179	141	36	12634	12634	NUM
fbem-10179	141	37	0.370	0.370	NUM
fbem-10179	141	38	0.191	0.191	NUM
fbem-10179	141	39	0.027	0.027	NUM
fbem-10179	141	40	0.925	0.925	NUM
fbem-10179	141	41	6.roa	6.roa	NUM
fbem-10179	141	42	12634	12634	NUM
fbem-10179	141	43	0.051	0.051	NUM
fbem-10179	141	44	0.067	0.067	NUM
fbem-10179	141	45	-0.398	-0.398	NUM
fbem-10179	141	46	0.244	0.244	NUM
fbem-10179	141	47	7.cashflow	7.cashflow	NUM
fbem-10179	141	48	12634	12634	NUM
fbem-10179	141	49	0.047	0.047	NUM
fbem-10179	141	50	0.069	0.069	NUM
fbem-10179	141	51	-0.224	-0.224	PUNCT
fbem-10179	141	52	0.257	0.257	NUM
fbem-10179	141	53	8.indep	8.indep	NUM
fbem-10179	141	54	12634	12634	NUM
fbem-10179	141	55	0.377	0.377	NUM
fbem-10179	141	56	0.052	0.052	NUM
fbem-10179	141	57	0.273	0.273	NUM
fbem-10179	141	58	0.600	0.600	NUM
fbem-10179	141	59	9.dual	9.dual	NUM
fbem-10179	141	60	12634	12634	NUM
fbem-10179	141	61	0.380	0.380	NUM
fbem-10179	141	62	0.485	0.485	NUM
fbem-10179	141	63	0.000	0.000	NUM
fbem-10179	141	64	1.000	1.000	NUM
fbem-10179	141	65	10.big4	10.big4	NUM
fbem-10179	141	66	12634	12634	NUM
fbem-10179	141	67	0.026	0.026	NUM
fbem-10179	141	68	0.160	0.160	NUM
fbem-10179	141	69	0.000	0.000	NUM
fbem-10179	141	70	1.000	1.000	NUM
fbem-10179	141	71	11.mshare	11.mshare	NUM
fbem-10179	141	72	12634	12634	NUM
fbem-10179	141	73	0.224	0.224	NUM
fbem-10179	141	74	0.218	0.218	NUM
fbem-10179	141	75	0.000	0.000	NUM
fbem-10179	141	76	0.706	0.706	NUM
fbem-10179	141	77	12.top1	12.top1	NUM
fbem-10179	141	78	12634	12634	NUM
fbem-10179	141	79	0.325	0.325	NUM
fbem-10179	141	80	0.136	0.136	NUM
fbem-10179	141	81	0.083	0.083	NUM
fbem-10179	141	82	0.758	0.758	NUM
fbem-10179	141	83	table	table	NOUN
fbem-10179	141	84	2	2	NUM
fbem-10179	141	85	shows	show	VERB
fbem-10179	141	86	the	the	DET
fbem-10179	141	87	pearson	pearson	PROPN
fbem-10179	141	88	correlation	correlation	NOUN
fbem-10179	141	89	coefficient	coefficient	NOUN
fbem-10179	141	90	matrix	matrix	NOUN
fbem-10179	141	91	for	for	ADP
fbem-10179	141	92	the	the	DET
fbem-10179	141	93	main	main	ADJ
fbem-10179	141	94	variables	variable	NOUN
fbem-10179	141	95	examined	examine	VERB
fbem-10179	141	96	in	in	ADP
fbem-10179	141	97	this	this	DET
fbem-10179	141	98	paper	paper	NOUN
fbem-10179	141	99	.	.	PUNCT
fbem-10179	142	1	the	the	DET
fbem-10179	142	2	maximum	maximum	ADJ
fbem-10179	142	3	correlation	correlation	NOUN
fbem-10179	142	4	coefficient	coefficient	NOUN
fbem-10179	142	5	is	be	AUX
fbem-10179	142	6	0.51	0.51	NUM
fbem-10179	142	7	,	,	PUNCT
fbem-10179	142	8	indicating	indicate	VERB
fbem-10179	142	9	the	the	DET
fbem-10179	142	10	multicollinearity	multicollinearity	NOUN
fbem-10179	142	11	problem	problem	NOUN
fbem-10179	142	12	between	between	ADP
fbem-10179	142	13	the	the	DET
fbem-10179	142	14	variables	variable	NOUN
fbem-10179	142	15	is	be	AUX
fbem-10179	142	16	not	not	PART
fbem-10179	142	17	severe	severe	ADJ
fbem-10179	142	18	,	,	PUNCT
fbem-10179	142	19	and	and	CCONJ
fbem-10179	142	20	the	the	DET
fbem-10179	142	21	regression	regression	NOUN
fbem-10179	142	22	analysis	analysis	NOUN
fbem-10179	142	23	can	can	AUX
fbem-10179	142	24	be	be	AUX
fbem-10179	142	25	further	far	ADV
fbem-10179	142	26	conducted	conduct	VERB
fbem-10179	142	27	.	.	PUNCT
fbem-10179	143	1	table	table	NOUN
fbem-10179	143	2	2	2	NUM
fbem-10179	143	3	.	.	PUNCT
fbem-10179	143	4	correlation	correlation	NOUN
fbem-10179	143	5	analysis	analysis	NOUN
fbem-10179	143	6	note	note	NOUN
fbem-10179	143	7	:	:	PUNCT
fbem-10179	143	8	this	this	DET
fbem-10179	143	9	table	table	NOUN
fbem-10179	143	10	reports	report	VERB
fbem-10179	143	11	the	the	DET
fbem-10179	143	12	pearson	pearson	NOUN
fbem-10179	143	13	correlation	correlation	NOUN
fbem-10179	143	14	metrics	metric	NOUN
fbem-10179	143	15	;	;	PUNCT
fbem-10179	143	16	*	*	PUNCT
fbem-10179	143	17	*	*	PUNCT
fbem-10179	143	18	*	*	PUNCT
fbem-10179	143	19	p	p	X
fbem-10179	143	20	<	<	X
fbem-10179	143	21	0.01	0.01	NUM
fbem-10179	143	22	,	,	PUNCT
fbem-10179	143	23	*	*	PUNCT
fbem-10179	143	24	*	*	PUNCT
fbem-10179	143	25	p	p	X
fbem-10179	143	26	<	<	X
fbem-10179	143	27	0.05	0.05	NUM
fbem-10179	143	28	,	,	PUNCT
fbem-10179	143	29	*	*	PUNCT
fbem-10179	143	30	p	p	X
fbem-10179	143	31	<	<	X
fbem-10179	143	32	0.1	0.1	NUM
fbem-10179	143	33	4.2	4.2	NUM
fbem-10179	143	34	.	.	PUNCT
fbem-10179	144	1	regression	regression	NOUN
fbem-10179	144	2	results	result	NOUN
fbem-10179	144	3	in	in	ADP
fbem-10179	144	4	this	this	DET
fbem-10179	144	5	paper	paper	NOUN
fbem-10179	144	6	,	,	PUNCT
fbem-10179	144	7	we	we	PRON
fbem-10179	144	8	adopted	adopt	VERB
fbem-10179	144	9	fixed	fix	VERB
fbem-10179	144	10	-	-	PUNCT
fbem-10179	144	11	effects	effect	NOUN
fbem-10179	144	12	ordinary	ordinary	ADJ
fbem-10179	144	13	least	least	ADJ
fbem-10179	144	14	squares	square	NOUN
fbem-10179	144	15	(	(	PUNCT
fbem-10179	144	16	ols	ol	NOUN
fbem-10179	144	17	)	)	PUNCT
fbem-10179	144	18	estimation	estimation	NOUN
fbem-10179	144	19	to	to	PART
fbem-10179	144	20	control	control	VERB
fbem-10179	144	21	any	any	DET
fbem-10179	144	22	potential	potential	ADJ
fbem-10179	144	23	timeinvariant	timeinvariant	NOUN
fbem-10179	144	24	unobserved	unobserved	ADJ
fbem-10179	144	25	heterogeneity	heterogeneity	NOUN
fbem-10179	144	26	.	.	PUNCT
fbem-10179	145	1	we	we	PRON
fbem-10179	145	2	also	also	ADV
fbem-10179	145	3	controlled	control	VERB
fbem-10179	145	4	year	year	NOUN
fbem-10179	145	5	and	and	CCONJ
fbem-10179	145	6	industry	industry	NOUN
fbem-10179	145	7	effects	effect	NOUN
fbem-10179	145	8	in	in	ADP
fbem-10179	145	9	our	our	PRON
fbem-10179	145	10	study	study	NOUN
fbem-10179	145	11	to	to	PART
fbem-10179	145	12	exclude	exclude	VERB
fbem-10179	145	13	the	the	DET
fbem-10179	145	14	possible	possible	ADJ
fbem-10179	145	15	effects	effect	NOUN
fbem-10179	145	16	of	of	ADP
fbem-10179	145	17	time	time	NOUN
fbem-10179	145	18	factors	factor	NOUN
fbem-10179	145	19	and	and	CCONJ
fbem-10179	145	20	industry	industry	NOUN
fbem-10179	145	21	characteristics	characteristic	NOUN
fbem-10179	145	22	.	.	PUNCT
fbem-10179	146	1	table	table	NOUN
fbem-10179	146	2	3	3	NUM
fbem-10179	146	3	displays	display	VERB
fbem-10179	146	4	the	the	DET
fbem-10179	146	5	fixed	fix	VERB
fbem-10179	146	6	-	-	PUNCT
fbem-10179	146	7	effects	effect	NOUN
fbem-10179	146	8	ols	ol	NOUN
fbem-10179	146	9	regression	regression	NOUN
fbem-10179	146	10	results	result	NOUN
fbem-10179	146	11	.	.	PUNCT
fbem-10179	147	1	model	model	NOUN
fbem-10179	147	2	1	1	NUM
fbem-10179	147	3	is	be	AUX
fbem-10179	147	4	the	the	DET
fbem-10179	147	5	baseline	baseline	NOUN
fbem-10179	147	6	model	model	NOUN
fbem-10179	147	7	that	that	PRON
fbem-10179	147	8	includes	include	VERB
fbem-10179	147	9	all	all	DET
fbem-10179	147	10	the	the	DET
fbem-10179	147	11	control	control	NOUN
fbem-10179	147	12	variables	variable	NOUN
fbem-10179	147	13	.	.	PUNCT
fbem-10179	148	1	model	model	NOUN
fbem-10179	148	2	2	2	NUM
fbem-10179	148	3	examines	examine	VERB
fbem-10179	148	4	the	the	DET
fbem-10179	148	5	relationship	relationship	NOUN
fbem-10179	148	6	between	between	ADP
fbem-10179	148	7	common	common	ADJ
fbem-10179	148	8	institutional	institutional	ADJ
fbem-10179	148	9	ownership	ownership	NOUN
fbem-10179	148	10	and	and	CCONJ
fbem-10179	148	11	the	the	DET
fbem-10179	148	12	quality	quality	NOUN
fbem-10179	148	13	of	of	ADP
fbem-10179	148	14	environmental	environmental	ADJ
fbem-10179	148	15	information	information	NOUN
fbem-10179	148	16	disclosure	disclosure	NOUN
fbem-10179	148	17	.	.	PUNCT
fbem-10179	149	1	the	the	DET
fbem-10179	149	2	coefficient	coefficient	NOUN
fbem-10179	149	3	of	of	ADP
fbem-10179	149	4	coz	coz	NOUN
fbem-10179	149	5	is	be	AUX
fbem-10179	149	6	significantly	significantly	ADV
fbem-10179	149	7	positive	positive	ADJ
fbem-10179	149	8	(	(	PUNCT
fbem-10179	149	9	β	β	X
fbem-10179	149	10	=	=	SYM
fbem-10179	149	11	1.308	1.308	NUM
fbem-10179	149	12	,	,	PUNCT
fbem-10179	149	13	p	p	X
fbem-10179	149	14	<	<	X
fbem-10179	149	15	.01	.01	NUM
fbem-10179	149	16	)	)	PUNCT
fbem-10179	149	17	,	,	PUNCT
fbem-10179	149	18	indicating	indicate	VERB
fbem-10179	149	19	a	a	DET
fbem-10179	149	20	positive	positive	ADJ
fbem-10179	149	21	relationship	relationship	NOUN
fbem-10179	149	22	between	between	ADP
fbem-10179	149	23	the	the	DET
fbem-10179	149	24	common	common	ADJ
fbem-10179	149	25	institutional	institutional	ADJ
fbem-10179	149	26	ownership	ownership	NOUN
fbem-10179	149	27	and	and	CCONJ
fbem-10179	149	28	the	the	DET
fbem-10179	149	29	quality	quality	NOUN
fbem-10179	149	30	of	of	ADP
fbem-10179	149	31	environmental	environmental	ADJ
fbem-10179	149	32	information	information	NOUN
fbem-10179	149	33	disclosure	disclosure	NOUN
fbem-10179	149	34	.	.	PUNCT
fbem-10179	150	1	in	in	ADP
fbem-10179	150	2	other	other	ADJ
fbem-10179	150	3	words	word	NOUN
fbem-10179	150	4	,	,	PUNCT
fbem-10179	150	5	common	common	ADJ
fbem-10179	150	6	institutional	institutional	ADJ
fbem-10179	150	7	ownership	ownership	NOUN
fbem-10179	150	8	can	can	AUX
fbem-10179	150	9	improve	improve	VERB
fbem-10179	150	10	the	the	DET
fbem-10179	150	11	quality	quality	NOUN
fbem-10179	150	12	of	of	ADP
fbem-10179	150	13	environmental	environmental	ADJ
fbem-10179	150	14	information	information	NOUN
fbem-10179	150	15	disclosure	disclosure	NOUN
fbem-10179	150	16	,	,	PUNCT
fbem-10179	150	17	supporting	support	VERB
fbem-10179	150	18	hypothesis	hypothesis	NOUN
fbem-10179	150	19	1a	1a	NOUN
fbem-10179	150	20	.	.	PUNCT
fbem-10179	151	1	107	107	NUM
fbem-10179	151	2	table	table	NOUN
fbem-10179	151	3	3	3	NUM
fbem-10179	151	4	.	.	PUNCT
fbem-10179	151	5	regression	regression	NOUN
fbem-10179	151	6	analysis	analysis	NOUN
fbem-10179	151	7	model	model	NOUN
fbem-10179	151	8	1	1	NUM
fbem-10179	151	9	model	model	NOUN
fbem-10179	151	10	2	2	NUM
fbem-10179	151	11	variables	variable	NOUN
fbem-10179	151	12	eid	eid	PROPN
fbem-10179	151	13	eid	eid	PROPN
fbem-10179	151	14	size	size	NOUN
fbem-10179	151	15	1.472	1.472	NUM
fbem-10179	151	16	*	*	PUNCT
fbem-10179	151	17	*	*	PUNCT
fbem-10179	151	18	*	*	PUNCT
fbem-10179	151	19	(	(	PUNCT
fbem-10179	151	20	17.09	17.09	NUM
fbem-10179	151	21	)	)	PUNCT
fbem-10179	151	22	1.452	1.452	NUM
fbem-10179	151	23	*	*	PUNCT
fbem-10179	151	24	*	*	PUNCT
fbem-10179	151	25	*	*	PUNCT
fbem-10179	151	26	(	(	PUNCT
fbem-10179	151	27	19.16	19.16	NUM
fbem-10179	151	28	)	)	PUNCT
fbem-10179	151	29	age	age	NOUN
fbem-10179	151	30	0.347	0.347	NUM
fbem-10179	151	31	(	(	PUNCT
fbem-10179	151	32	1.63	1.63	NUM
fbem-10179	151	33	)	)	PUNCT
fbem-10179	151	34	0.339	0.339	NUM
fbem-10179	151	35	*	*	SYM
fbem-10179	151	36	(	(	PUNCT
fbem-10179	151	37	1.64	1.64	NUM
fbem-10179	151	38	)	)	PUNCT
fbem-10179	151	39	lev	lev	NOUN
fbem-10179	151	40	-0.060	-0.060	NOUN
fbem-10179	151	41	(	(	PUNCT
fbem-10179	151	42	-0.21	-0.21	ADJ
fbem-10179	151	43	)	)	PUNCT
fbem-10179	151	44	-0.037	-0.037	PUNCT
fbem-10179	151	45	(	(	PUNCT
fbem-10179	151	46	-0.14	-0.14	NOUN
fbem-10179	151	47	)	)	PUNCT
fbem-10179	151	48	roa	roa	NOUN
fbem-10179	151	49	2.762	2.762	NUM
fbem-10179	151	50	*	*	PUNCT
fbem-10179	151	51	*	*	PUNCT
fbem-10179	151	52	*	*	PUNCT
fbem-10179	151	53	(	(	PUNCT
fbem-10179	151	54	4.42	4.42	NUM
fbem-10179	151	55	)	)	PUNCT
fbem-10179	151	56	2.630	2.630	NUM
fbem-10179	151	57	*	*	PUNCT
fbem-10179	151	58	*	*	PUNCT
fbem-10179	151	59	*	*	PUNCT
fbem-10179	151	60	(	(	PUNCT
fbem-10179	151	61	4.44	4.44	NUM
fbem-10179	151	62	)	)	PUNCT
fbem-10179	151	63	cashflow	cashflow	ADJ
fbem-10179	151	64	5.630	5.630	NUM
fbem-10179	151	65	*	*	PUNCT
fbem-10179	151	66	*	*	PUNCT
fbem-10179	152	1	*	*	PUNCT
fbem-10179	152	2	(	(	PUNCT
fbem-10179	152	3	11.16	11.16	NUM
fbem-10179	152	4	)	)	PUNCT
fbem-10179	152	5	5.568	5.568	NUM
fbem-10179	152	6	*	*	PUNCT
fbem-10179	152	7	*	*	PUNCT
fbem-10179	152	8	*	*	PUNCT
fbem-10179	152	9	(	(	PUNCT
fbem-10179	152	10	10.62	10.62	NUM
fbem-10179	152	11	)	)	PUNCT
fbem-10179	152	12	indep	indep	NOUN
fbem-10179	152	13	-2.940	-2.940	NOUN
fbem-10179	152	14	*	*	PUNCT
fbem-10179	152	15	*	*	PUNCT
fbem-10179	152	16	*	*	PUNCT
fbem-10179	152	17	(	(	PUNCT
fbem-10179	152	18	-3.55	-3.55	NOUN
fbem-10179	152	19	)	)	PUNCT
fbem-10179	152	20	-3.015	-3.015	NOUN
fbem-10179	153	1	*	*	PUNCT
fbem-10179	153	2	*	*	PUNCT
fbem-10179	153	3	*	*	PUNCT
fbem-10179	153	4	(	(	PUNCT
fbem-10179	153	5	-3.45	-3.45	NOUN
fbem-10179	153	6	)	)	PUNCT
fbem-10179	153	7	dual	dual	ADJ
fbem-10179	153	8	-0.470	-0.470	PUNCT
fbem-10179	153	9	*	*	PUNCT
fbem-10179	153	10	*	*	PUNCT
fbem-10179	153	11	*	*	PUNCT
fbem-10179	153	12	(	(	PUNCT
fbem-10179	153	13	-10.13	-10.13	NOUN
fbem-10179	153	14	)	)	PUNCT
fbem-10179	153	15	-0.483	-0.483	NOUN
fbem-10179	154	1	*	*	PUNCT
fbem-10179	154	2	*	*	PUNCT
fbem-10179	154	3	*	*	PUNCT
fbem-10179	154	4	(	(	PUNCT
fbem-10179	154	5	-10.26	-10.26	ADJ
fbem-10179	154	6	)	)	PUNCT
fbem-10179	154	7	big4	big4	NOUN
fbem-10179	154	8	1.418	1.418	NUM
fbem-10179	154	9	*	*	PUNCT
fbem-10179	154	10	*	*	PUNCT
fbem-10179	154	11	*	*	PUNCT
fbem-10179	154	12	(	(	PUNCT
fbem-10179	154	13	6.19	6.19	NUM
fbem-10179	154	14	)	)	PUNCT
fbem-10179	154	15	1.310	1.310	NUM
fbem-10179	154	16	*	*	PUNCT
fbem-10179	154	17	*	*	PUNCT
fbem-10179	154	18	*	*	PUNCT
fbem-10179	154	19	(	(	PUNCT
fbem-10179	154	20	4.91	4.91	NUM
fbem-10179	154	21	)	)	PUNCT
fbem-10179	154	22	mshare	mshare	NOUN
fbem-10179	154	23	-0.629	-0.629	PUNCT
fbem-10179	154	24	*	*	PUNCT
fbem-10179	154	25	(	(	PUNCT
fbem-10179	154	26	-1.72	-1.72	NOUN
fbem-10179	154	27	)	)	PUNCT
fbem-10179	154	28	-0.555	-0.555	PUNCT
fbem-10179	154	29	(	(	PUNCT
fbem-10179	154	30	-1.59	-1.59	NUM
fbem-10179	154	31	)	)	PUNCT
fbem-10179	154	32	top1	top1	PROPN
fbem-10179	154	33	-1.122	-1.122	X
fbem-10179	154	34	(	(	PUNCT
fbem-10179	154	35	-1.27	-1.27	NOUN
fbem-10179	154	36	)	)	PUNCT
fbem-10179	154	37	-1.029	-1.029	PROPN
fbem-10179	154	38	(	(	PUNCT
fbem-10179	154	39	-1.14	-1.14	NOUN
fbem-10179	154	40	)	)	PUNCT
fbem-10179	154	41	coz	coz	NOUN
fbem-10179	154	42	1.308	1.308	NUM
fbem-10179	154	43	*	*	PUNCT
fbem-10179	154	44	*	*	PUNCT
fbem-10179	154	45	*	*	PUNCT
fbem-10179	154	46	(	(	PUNCT
fbem-10179	154	47	4.45	4.45	NUM
fbem-10179	154	48	)	)	PUNCT
fbem-10179	154	49	constant	constant	ADJ
fbem-10179	154	50	-28.138	-28.138	NOUN
fbem-10179	154	51	*	*	PUNCT
fbem-10179	154	52	*	*	PUNCT
fbem-10179	154	53	*	*	PUNCT
fbem-10179	154	54	(	(	PUNCT
fbem-10179	154	55	-15.24	-15.24	NOUN
fbem-10179	154	56	)	)	PUNCT
fbem-10179	154	57	-27.695	-27.695	PROPN
fbem-10179	154	58	*	*	PUNCT
fbem-10179	154	59	*	*	PUNCT
fbem-10179	154	60	*	*	PUNCT
fbem-10179	154	61	(	(	PUNCT
fbem-10179	154	62	-17.30	-17.30	PROPN
fbem-10179	154	63	)	)	PUNCT
fbem-10179	154	64	year	year	NOUN
fbem-10179	155	1	fe	fe	INTJ
fbem-10179	156	1	yes	yes	INTJ
fbem-10179	156	2	yes	yes	INTJ
fbem-10179	156	3	industry	industry	NOUN
fbem-10179	156	4	fe	fe	INTJ
fbem-10179	157	1	yes	yes	INTJ
fbem-10179	157	2	yes	yes	INTJ
fbem-10179	157	3	adjusted	adjust	VERB
fbem-10179	157	4	-	-	PUNCT
fbem-10179	157	5	r2	r2	NOUN
fbem-10179	157	6	0.233	0.233	NUM
fbem-10179	157	7	0.235	0.235	NUM
fbem-10179	157	8	observations	observation	NOUN
fbem-10179	157	9	12634	12634	NUM
fbem-10179	157	10	12634	12634	NUM
fbem-10179	157	11	note	note	NOUN
fbem-10179	157	12	:	:	PUNCT
fbem-10179	157	13	t	t	PROPN
fbem-10179	157	14	-	-	PUNCT
fbem-10179	157	15	statistics	statistic	NOUN
fbem-10179	157	16	in	in	ADP
fbem-10179	157	17	parentheses	parenthesis	NOUN
fbem-10179	157	18	.	.	PUNCT
fbem-10179	158	1	*	*	PUNCT
fbem-10179	159	1	*	*	PUNCT
fbem-10179	159	2	*	*	PUNCT
fbem-10179	159	3	p	p	X
fbem-10179	159	4	<	<	X
fbem-10179	159	5	0.01	0.01	NUM
fbem-10179	159	6	,	,	PUNCT
fbem-10179	159	7	*	*	PUNCT
fbem-10179	159	8	*	*	PUNCT
fbem-10179	159	9	p	p	X
fbem-10179	159	10	<	<	X
fbem-10179	159	11	0.05	0.05	NUM
fbem-10179	159	12	,	,	PUNCT
fbem-10179	159	13	*	*	PUNCT
fbem-10179	159	14	p	p	X
fbem-10179	159	15	<	<	X
fbem-10179	159	16	0.1	0.1	NUM
fbem-10179	159	17	table	table	NOUN
fbem-10179	159	18	4	4	NUM
fbem-10179	159	19	.	.	PUNCT
fbem-10179	159	20	robustness	robustness	NOUN
fbem-10179	159	21	test	test	NOUN
fbem-10179	159	22	:	:	PUNCT
fbem-10179	159	23	propensity	propensity	NOUN
fbem-10179	159	24	score	score	NOUN
fbem-10179	159	25	matching	matching	NOUN
fbem-10179	159	26	model	model	NOUN
fbem-10179	159	27	1	1	NUM
fbem-10179	159	28	variables	variable	NOUN
fbem-10179	159	29	eid	eid	NOUN
fbem-10179	159	30	size	size	NOUN
fbem-10179	159	31	1.756	1.756	NUM
fbem-10179	159	32	*	*	PUNCT
fbem-10179	159	33	*	*	PUNCT
fbem-10179	160	1	*	*	PUNCT
fbem-10179	160	2	(	(	PUNCT
fbem-10179	160	3	10.19	10.19	NUM
fbem-10179	160	4	)	)	PUNCT
fbem-10179	160	5	age	age	NOUN
fbem-10179	160	6	0.109	0.109	NUM
fbem-10179	160	7	(	(	PUNCT
fbem-10179	160	8	0.43	0.43	NUM
fbem-10179	160	9	)	)	PUNCT
fbem-10179	160	10	lev	lev	NOUN
fbem-10179	160	11	-0.610	-0.610	PUNCT
fbem-10179	160	12	(	(	PUNCT
fbem-10179	160	13	-0.84	-0.84	NOUN
fbem-10179	160	14	)	)	PUNCT
fbem-10179	160	15	roa	roa	NOUN
fbem-10179	160	16	-0.856	-0.856	NOUN
fbem-10179	160	17	(	(	PUNCT
fbem-10179	160	18	-0.70	-0.70	NOUN
fbem-10179	160	19	)	)	PUNCT
fbem-10179	160	20	cashflow	cashflow	VERB
fbem-10179	160	21	7.571	7.571	NUM
fbem-10179	160	22	*	*	PUNCT
fbem-10179	160	23	*	*	PUNCT
fbem-10179	160	24	*	*	PUNCT
fbem-10179	160	25	(	(	PUNCT
fbem-10179	160	26	7.87	7.87	NUM
fbem-10179	160	27	)	)	PUNCT
fbem-10179	160	28	indep	indep	NOUN
fbem-10179	160	29	-6.868	-6.868	PUNCT
fbem-10179	160	30	*	*	PUNCT
fbem-10179	160	31	*	*	PUNCT
fbem-10179	160	32	*	*	PUNCT
fbem-10179	160	33	(	(	PUNCT
fbem-10179	160	34	-4.50	-4.50	X
fbem-10179	160	35	)	)	PUNCT
fbem-10179	160	36	dual	dual	ADJ
fbem-10179	160	37	-0.588	-0.588	X
fbem-10179	160	38	*	*	PUNCT
fbem-10179	160	39	*	*	PUNCT
fbem-10179	160	40	(	(	PUNCT
fbem-10179	160	41	-2.42	-2.42	X
fbem-10179	160	42	)	)	PUNCT
fbem-10179	160	43	big4	big4	NOUN
fbem-10179	160	44	1.353	1.353	NUM
fbem-10179	160	45	*	*	PUNCT
fbem-10179	160	46	*	*	PUNCT
fbem-10179	160	47	*	*	PUNCT
fbem-10179	160	48	(	(	PUNCT
fbem-10179	160	49	3.96	3.96	NUM
fbem-10179	160	50	)	)	PUNCT
fbem-10179	160	51	mshare	mshare	NOUN
fbem-10179	160	52	-0.384	-0.384	PUNCT
fbem-10179	160	53	(	(	PUNCT
fbem-10179	160	54	-0.98	-0.98	NUM
fbem-10179	160	55	)	)	PUNCT
fbem-10179	160	56	top1	top1	NOUN
fbem-10179	160	57	-2.162	-2.162	PUNCT
fbem-10179	161	1	*	*	PUNCT
fbem-10179	161	2	*	*	PUNCT
fbem-10179	161	3	*	*	PUNCT
fbem-10179	161	4	(	(	PUNCT
fbem-10179	161	5	4.53	4.53	NUM
fbem-10179	161	6	)	)	PUNCT
fbem-10179	161	7	coz	coz	VERB
fbem-10179	161	8	1.314	1.314	NUM
fbem-10179	161	9	*	*	PUNCT
fbem-10179	162	1	*	*	PUNCT
fbem-10179	162	2	*	*	PUNCT
fbem-10179	162	3	(	(	PUNCT
fbem-10179	162	4	4.31	4.31	NUM
fbem-10179	162	5	)	)	PUNCT
fbem-10179	162	6	constant	constant	ADJ
fbem-10179	162	7	-31.255	-31.255	NOUN
fbem-10179	162	8	*	*	PUNCT
fbem-10179	162	9	*	*	PUNCT
fbem-10179	162	10	*	*	PUNCT
fbem-10179	162	11	(	(	PUNCT
fbem-10179	162	12	-8.39	-8.39	NOUN
fbem-10179	162	13	)	)	PUNCT
fbem-10179	162	14	year	year	NOUN
fbem-10179	162	15	fe	fe	NOUN
fbem-10179	162	16	yes	yes	INTJ
fbem-10179	162	17	industry	industry	NOUN
fbem-10179	162	18	fe	fe	X
fbem-10179	162	19	yes	yes	INTJ
fbem-10179	162	20	adjusted	adjust	VERB
fbem-10179	162	21	-	-	PUNCT
fbem-10179	162	22	r2	r2	NOUN
fbem-10179	162	23	0.276	0.276	NUM
fbem-10179	162	24	observations	observation	NOUN
fbem-10179	162	25	2504	2504	NUM
fbem-10179	162	26	note	note	NOUN
fbem-10179	162	27	:	:	PUNCT
fbem-10179	162	28	t	t	PROPN
fbem-10179	162	29	-	-	PUNCT
fbem-10179	162	30	statistics	statistic	NOUN
fbem-10179	162	31	in	in	ADP
fbem-10179	162	32	parentheses	parenthesis	NOUN
fbem-10179	162	33	.	.	PUNCT
fbem-10179	163	1	*	*	PUNCT
fbem-10179	164	1	*	*	PUNCT
fbem-10179	164	2	*	*	PUNCT
fbem-10179	164	3	p	p	X
fbem-10179	164	4	<	<	X
fbem-10179	164	5	0.01	0.01	NUM
fbem-10179	164	6	,	,	PUNCT
fbem-10179	164	7	*	*	PUNCT
fbem-10179	164	8	*	*	PUNCT
fbem-10179	164	9	p	p	X
fbem-10179	164	10	<	<	X
fbem-10179	164	11	0.05	0.05	NUM
fbem-10179	164	12	,	,	PUNCT
fbem-10179	164	13	*	*	PUNCT
fbem-10179	164	14	p	p	X
fbem-10179	164	15	<	<	X
fbem-10179	164	16	0.1	0.1	NUM
fbem-10179	164	17	108	108	NUM
fbem-10179	164	18	4.3	4.3	NUM
fbem-10179	164	19	.	.	PUNCT
fbem-10179	165	1	robustness	robustness	NOUN
fbem-10179	165	2	tests	test	NOUN
fbem-10179	165	3	4.3.1	4.3.1	NUM
fbem-10179	165	4	.	.	PUNCT
fbem-10179	166	1	propensity	propensity	NOUN
fbem-10179	166	2	score	score	NOUN
fbem-10179	166	3	matching	matching	NOUN
fbem-10179	166	4	considering	consider	VERB
fbem-10179	166	5	that	that	SCONJ
fbem-10179	166	6	sample	sample	NOUN
fbem-10179	166	7	selection	selection	NOUN
fbem-10179	166	8	bias	bias	NOUN
fbem-10179	166	9	may	may	AUX
fbem-10179	166	10	bring	bring	VERB
fbem-10179	166	11	about	about	ADP
fbem-10179	166	12	endogeneity	endogeneity	NOUN
fbem-10179	166	13	problems	problem	NOUN
fbem-10179	166	14	,	,	PUNCT
fbem-10179	166	15	this	this	DET
fbem-10179	166	16	paper	paper	NOUN
fbem-10179	166	17	adopts	adopt	VERB
fbem-10179	166	18	the	the	DET
fbem-10179	166	19	propensity	propensity	NOUN
fbem-10179	166	20	score	score	NOUN
fbem-10179	166	21	matching	matching	NOUN
fbem-10179	166	22	method	method	NOUN
fbem-10179	166	23	for	for	ADP
fbem-10179	166	24	correction	correction	NOUN
fbem-10179	166	25	.	.	PUNCT
fbem-10179	167	1	propensity	propensity	NOUN
fbem-10179	167	2	score	score	NOUN
fbem-10179	167	3	matching	matching	NOUN
fbem-10179	167	4	(	(	PUNCT
fbem-10179	167	5	psm	psm	PROPN
fbem-10179	167	6	)	)	PUNCT
fbem-10179	167	7	is	be	AUX
fbem-10179	167	8	a	a	DET
fbem-10179	167	9	common	common	ADJ
fbem-10179	167	10	method	method	NOUN
fbem-10179	167	11	to	to	PART
fbem-10179	167	12	mitigate	mitigate	VERB
fbem-10179	167	13	the	the	DET
fbem-10179	167	14	endogeneity	endogeneity	NOUN
fbem-10179	167	15	problem	problem	NOUN
fbem-10179	167	16	caused	cause	VERB
fbem-10179	167	17	by	by	ADP
fbem-10179	167	18	omitted	omit	VERB
fbem-10179	167	19	variables	variable	NOUN
fbem-10179	167	20	and	and	CCONJ
fbem-10179	167	21	sample	sample	NOUN
fbem-10179	167	22	selection	selection	NOUN
fbem-10179	167	23	bias	bias	NOUN
fbem-10179	167	24	.	.	PUNCT
fbem-10179	168	1	drawing	draw	VERB
fbem-10179	168	2	on	on	ADP
fbem-10179	168	3	existing	exist	VERB
fbem-10179	168	4	research	research	NOUN
fbem-10179	168	5	,	,	PUNCT
fbem-10179	168	6	we	we	PRON
fbem-10179	168	7	adopt	adopt	VERB
fbem-10179	168	8	the	the	DET
fbem-10179	168	9	one	one	NUM
fbem-10179	168	10	-	-	PUNCT
fbem-10179	168	11	to	to	ADP
fbem-10179	168	12	-	-	PUNCT
fbem-10179	168	13	one	one	NUM
fbem-10179	168	14	nearest	near	ADJ
fbem-10179	168	15	neighbour	neighbour	NOUN
fbem-10179	168	16	matching	matching	NOUN
fbem-10179	168	17	method	method	NOUN
fbem-10179	168	18	and	and	CCONJ
fbem-10179	168	19	select	select	VERB
fbem-10179	168	20	a	a	DET
fbem-10179	168	21	series	series	NOUN
fbem-10179	168	22	of	of	ADP
fbem-10179	168	23	control	control	NOUN
fbem-10179	168	24	variables	variable	NOUN
fbem-10179	168	25	mentioned	mention	VERB
fbem-10179	168	26	above	above	ADV
fbem-10179	168	27	as	as	ADP
fbem-10179	168	28	matching	match	VERB
fbem-10179	168	29	variables	variable	NOUN
fbem-10179	168	30	to	to	PART
fbem-10179	168	31	find	find	VERB
fbem-10179	168	32	the	the	DET
fbem-10179	168	33	control	control	NOUN
fbem-10179	168	34	group	group	NOUN
fbem-10179	168	35	with	with	ADP
fbem-10179	168	36	similar	similar	ADJ
fbem-10179	168	37	characteristics	characteristic	NOUN
fbem-10179	168	38	to	to	ADP
fbem-10179	168	39	the	the	DET
fbem-10179	168	40	treatment	treatment	NOUN
fbem-10179	168	41	group	group	NOUN
fbem-10179	168	42	.	.	PUNCT
fbem-10179	169	1	in	in	ADP
fbem-10179	169	2	this	this	DET
fbem-10179	169	3	paper	paper	NOUN
fbem-10179	169	4	,	,	PUNCT
fbem-10179	169	5	firms	firm	NOUN
fbem-10179	169	6	with	with	ADP
fbem-10179	169	7	common	common	ADJ
fbem-10179	169	8	institutional	institutional	ADJ
fbem-10179	169	9	ownership	ownership	NOUN
fbem-10179	169	10	are	be	AUX
fbem-10179	169	11	used	use	VERB
fbem-10179	169	12	as	as	ADP
fbem-10179	169	13	the	the	DET
fbem-10179	169	14	treatment	treatment	NOUN
fbem-10179	169	15	group	group	NOUN
fbem-10179	169	16	,	,	PUNCT
fbem-10179	169	17	and	and	CCONJ
fbem-10179	169	18	firms	firm	NOUN
fbem-10179	169	19	without	without	ADP
fbem-10179	169	20	common	common	ADJ
fbem-10179	169	21	institutional	institutional	ADJ
fbem-10179	169	22	ownership	ownership	NOUN
fbem-10179	169	23	are	be	AUX
fbem-10179	169	24	used	use	VERB
fbem-10179	169	25	as	as	ADP
fbem-10179	169	26	the	the	DET
fbem-10179	169	27	control	control	NOUN
fbem-10179	169	28	group	group	NOUN
fbem-10179	169	29	.	.	PUNCT
fbem-10179	170	1	first	first	ADV
fbem-10179	170	2	,	,	PUNCT
fbem-10179	170	3	we	we	PRON
fbem-10179	170	4	draw	draw	VERB
fbem-10179	170	5	propensity	propensity	NOUN
fbem-10179	170	6	score	score	NOUN
fbem-10179	170	7	density	density	NOUN
fbem-10179	170	8	plots	plot	NOUN
fbem-10179	170	9	before	before	ADV
fbem-10179	170	10	and	and	CCONJ
fbem-10179	170	11	after	after	ADP
fbem-10179	170	12	matching	match	VERB
fbem-10179	170	13	to	to	PART
fbem-10179	170	14	test	test	VERB
fbem-10179	170	15	whether	whether	SCONJ
fbem-10179	170	16	the	the	DET
fbem-10179	170	17	treatment	treatment	NOUN
fbem-10179	170	18	and	and	CCONJ
fbem-10179	170	19	control	control	NOUN
fbem-10179	170	20	group	group	NOUN
fbem-10179	170	21	satisfy	satisfy	VERB
fbem-10179	170	22	the	the	DET
fbem-10179	170	23	common	common	ADJ
fbem-10179	170	24	support	support	NOUN
fbem-10179	170	25	assumption	assumption	NOUN
fbem-10179	170	26	.	.	PUNCT
fbem-10179	171	1	as	as	SCONJ
fbem-10179	171	2	shown	show	VERB
fbem-10179	171	3	in	in	ADP
fbem-10179	171	4	figures	figure	NOUN
fbem-10179	171	5	1	1	NUM
fbem-10179	171	6	and	and	CCONJ
fbem-10179	171	7	2	2	NUM
fbem-10179	171	8	,	,	PUNCT
fbem-10179	171	9	propensity	propensity	NOUN
fbem-10179	171	10	score	score	NOUN
fbem-10179	171	11	matching	match	VERB
fbem-10179	171	12	well	well	ADV
fbem-10179	171	13	eliminates	eliminate	VERB
fbem-10179	171	14	the	the	DET
fbem-10179	171	15	bias	bias	NOUN
fbem-10179	171	16	in	in	ADP
fbem-10179	171	17	the	the	DET
fbem-10179	171	18	propensity	propensity	NOUN
fbem-10179	171	19	score	score	NOUN
fbem-10179	171	20	distribution	distribution	NOUN
fbem-10179	171	21	between	between	ADP
fbem-10179	171	22	the	the	DET
fbem-10179	171	23	two	two	NUM
fbem-10179	171	24	groups	group	NOUN
fbem-10179	171	25	,	,	PUNCT
fbem-10179	171	26	allowing	allow	VERB
fbem-10179	171	27	them	they	PRON
fbem-10179	171	28	to	to	PART
fbem-10179	171	29	meet	meet	VERB
fbem-10179	171	30	the	the	DET
fbem-10179	171	31	common	common	ADJ
fbem-10179	171	32	support	support	NOUN
fbem-10179	171	33	assumption	assumption	NOUN
fbem-10179	171	34	.	.	PUNCT
fbem-10179	172	1	second	second	ADJ
fbem-10179	172	2	,	,	PUNCT
fbem-10179	172	3	the	the	DET
fbem-10179	172	4	regression	regression	NOUN
fbem-10179	172	5	results	result	VERB
fbem-10179	172	6	after	after	SCONJ
fbem-10179	172	7	propensity	propensity	NOUN
fbem-10179	172	8	score	score	NOUN
fbem-10179	172	9	matching	matching	NOUN
fbem-10179	172	10	are	be	AUX
fbem-10179	172	11	presented	present	VERB
fbem-10179	172	12	in	in	ADP
fbem-10179	172	13	table	table	NOUN
fbem-10179	172	14	4	4	NUM
fbem-10179	172	15	.	.	PUNCT
fbem-10179	173	1	in	in	ADP
fbem-10179	173	2	model	model	NOUN
fbem-10179	173	3	1	1	NUM
fbem-10179	173	4	,	,	PUNCT
fbem-10179	173	5	the	the	DET
fbem-10179	173	6	coefficient	coefficient	NOUN
fbem-10179	173	7	of	of	ADP
fbem-10179	173	8	coz	coz	NOUN
fbem-10179	173	9	is	be	AUX
fbem-10179	173	10	significantly	significantly	ADV
fbem-10179	173	11	positive	positive	ADJ
fbem-10179	173	12	(	(	PUNCT
fbem-10179	173	13	β	β	X
fbem-10179	173	14	=	=	SYM
fbem-10179	173	15	1.314	1.314	NUM
fbem-10179	173	16	,	,	PUNCT
fbem-10179	173	17	p	p	X
fbem-10179	173	18	<	<	X
fbem-10179	173	19	.01	.01	NUM
fbem-10179	173	20	)	)	PUNCT
fbem-10179	173	21	,	,	PUNCT
fbem-10179	173	22	indicating	indicate	VERB
fbem-10179	173	23	a	a	DET
fbem-10179	173	24	positive	positive	ADJ
fbem-10179	173	25	relationship	relationship	NOUN
fbem-10179	173	26	between	between	ADP
fbem-10179	173	27	the	the	DET
fbem-10179	173	28	common	common	ADJ
fbem-10179	173	29	institutional	institutional	ADJ
fbem-10179	173	30	ownership	ownership	NOUN
fbem-10179	173	31	and	and	CCONJ
fbem-10179	173	32	the	the	DET
fbem-10179	173	33	quality	quality	NOUN
fbem-10179	173	34	of	of	ADP
fbem-10179	173	35	environmental	environmental	ADJ
fbem-10179	173	36	information	information	NOUN
fbem-10179	173	37	disclosure	disclosure	NOUN
fbem-10179	173	38	.	.	PUNCT
fbem-10179	174	1	the	the	DET
fbem-10179	174	2	result	result	NOUN
fbem-10179	174	3	remains	remain	VERB
fbem-10179	174	4	highly	highly	ADV
fbem-10179	174	5	consistent	consistent	ADJ
fbem-10179	174	6	with	with	ADP
fbem-10179	174	7	the	the	DET
fbem-10179	174	8	empirical	empirical	ADJ
fbem-10179	174	9	results	result	NOUN
fbem-10179	174	10	above	above	ADP
fbem-10179	174	11	and	and	CCONJ
fbem-10179	174	12	supports	support	VERB
fbem-10179	174	13	hypothesis	hypothesis	NOUN
fbem-10179	174	14	1a	1a	NOUN
fbem-10179	174	15	of	of	ADP
fbem-10179	174	16	this	this	DET
fbem-10179	174	17	paper	paper	NOUN
fbem-10179	174	18	.	.	PUNCT
fbem-10179	175	1	figure	figure	NOUN
fbem-10179	175	2	2	2	NUM
fbem-10179	175	3	.	.	PUNCT
fbem-10179	175	4	density	density	NOUN
fbem-10179	175	5	plot	plot	NOUN
fbem-10179	175	6	before	before	ADP
fbem-10179	175	7	matching	match	VERB
fbem-10179	175	8	figure	figure	NOUN
fbem-10179	175	9	3	3	NUM
fbem-10179	175	10	.	.	PUNCT
fbem-10179	175	11	density	density	NOUN
fbem-10179	175	12	plot	plot	NOUN
fbem-10179	175	13	after	after	ADP
fbem-10179	175	14	matching	match	VERB
fbem-10179	175	15	4.3.2	4.3.2	NUM
fbem-10179	175	16	.	.	PUNCT
fbem-10179	176	1	adjust	adjust	VERB
fbem-10179	176	2	the	the	DET
fbem-10179	176	3	sample	sample	NOUN
fbem-10179	176	4	for	for	ADP
fbem-10179	176	5	continuous	continuous	ADJ
fbem-10179	176	6	panel	panel	NOUN
fbem-10179	176	7	data	datum	NOUN
fbem-10179	176	8	while	while	SCONJ
fbem-10179	176	9	only	only	ADV
fbem-10179	176	10	retaining	retain	VERB
fbem-10179	176	11	samples	sample	NOUN
fbem-10179	176	12	with	with	ADP
fbem-10179	176	13	more	more	ADJ
fbem-10179	176	14	than	than	ADP
fbem-10179	176	15	three	three	NUM
fbem-10179	176	16	consecutive	consecutive	ADJ
fbem-10179	176	17	years	year	NOUN
fbem-10179	176	18	of	of	ADP
fbem-10179	176	19	observations	observation	NOUN
fbem-10179	176	20	could	could	AUX
fbem-10179	176	21	reduce	reduce	VERB
fbem-10179	176	22	761	761	NUM
fbem-10179	176	23	firm	firm	ADJ
fbem-10179	176	24	-	-	PUNCT
fbem-10179	176	25	year	year	NOUN
fbem-10179	176	26	observations	observation	NOUN
fbem-10179	176	27	,	,	PUNCT
fbem-10179	176	28	multiple	multiple	ADJ
fbem-10179	176	29	years	year	NOUN
fbem-10179	176	30	of	of	ADP
fbem-10179	176	31	consecutive	consecutive	ADJ
fbem-10179	176	32	observations	observation	NOUN
fbem-10179	176	33	would	would	AUX
fbem-10179	176	34	better	well	ADV
fbem-10179	176	35	reflect	reflect	VERB
fbem-10179	176	36	trends	trend	NOUN
fbem-10179	176	37	in	in	ADP
fbem-10179	176	38	the	the	DET
fbem-10179	176	39	quality	quality	NOUN
fbem-10179	176	40	of	of	ADP
fbem-10179	176	41	environmental	environmental	ADJ
fbem-10179	176	42	information	information	NOUN
fbem-10179	176	43	disclosure	disclosure	NOUN
fbem-10179	176	44	and	and	CCONJ
fbem-10179	176	45	make	make	VERB
fbem-10179	176	46	the	the	DET
fbem-10179	176	47	sample	sample	NOUN
fbem-10179	176	48	more	more	ADV
fbem-10179	176	49	representative	representative	NOUN
fbem-10179	176	50	over	over	ADP
fbem-10179	176	51	the	the	DET
fbem-10179	176	52	time	time	NOUN
fbem-10179	176	53	series	series	NOUN
fbem-10179	176	54	.	.	PUNCT
fbem-10179	177	1	as	as	SCONJ
fbem-10179	177	2	shown	show	VERB
fbem-10179	177	3	in	in	ADP
fbem-10179	177	4	table	table	NOUN
fbem-10179	177	5	5	5	NUM
fbem-10179	177	6	,	,	PUNCT
fbem-10179	177	7	the	the	DET
fbem-10179	177	8	coefficient	coefficient	NOUN
fbem-10179	177	9	of	of	ADP
fbem-10179	177	10	coz	coz	NOUN
fbem-10179	177	11	in	in	ADP
fbem-10179	177	12	model	model	NOUN
fbem-10179	177	13	2	2	NUM
fbem-10179	177	14	is	be	AUX
fbem-10179	177	15	significantly	significantly	ADV
fbem-10179	177	16	positive	positive	ADJ
fbem-10179	177	17	(	(	PUNCT
fbem-10179	177	18	β	β	X
fbem-10179	177	19	=	=	NOUN
fbem-10179	177	20	1.253	1.253	NUM
fbem-10179	177	21	,	,	PUNCT
fbem-10179	177	22	p	p	X
fbem-10179	177	23	<	<	X
fbem-10179	177	24	.01	.01	NUM
fbem-10179	177	25	)	)	PUNCT
fbem-10179	177	26	,	,	PUNCT
fbem-10179	177	27	indicating	indicate	VERB
fbem-10179	177	28	a	a	DET
fbem-10179	177	29	positive	positive	ADJ
fbem-10179	177	30	relationship	relationship	NOUN
fbem-10179	177	31	between	between	ADP
fbem-10179	177	32	the	the	DET
fbem-10179	177	33	common	common	ADJ
fbem-10179	177	34	institutional	institutional	ADJ
fbem-10179	177	35	ownership	ownership	NOUN
fbem-10179	177	36	and	and	CCONJ
fbem-10179	177	37	the	the	DET
fbem-10179	177	38	quality	quality	NOUN
fbem-10179	177	39	of	of	ADP
fbem-10179	177	40	environmental	environmental	ADJ
fbem-10179	177	41	information	information	NOUN
fbem-10179	177	42	disclosure	disclosure	NOUN
fbem-10179	177	43	.	.	PUNCT
fbem-10179	178	1	to	to	PART
fbem-10179	178	2	sum	sum	VERB
fbem-10179	178	3	up	up	ADP
fbem-10179	178	4	,	,	PUNCT
fbem-10179	178	5	the	the	DET
fbem-10179	178	6	findings	finding	NOUN
fbem-10179	178	7	of	of	ADP
fbem-10179	178	8	this	this	DET
fbem-10179	178	9	paper	paper	NOUN
fbem-10179	178	10	are	be	AUX
fbem-10179	178	11	not	not	PART
fbem-10179	178	12	affected	affect	VERB
fbem-10179	178	13	by	by	ADP
fbem-10179	178	14	changes	change	NOUN
fbem-10179	178	15	in	in	ADP
fbem-10179	178	16	the	the	DET
fbem-10179	178	17	research	research	NOUN
fbem-10179	178	18	period	period	NOUN
fbem-10179	178	19	and	and	CCONJ
fbem-10179	178	20	sample	sample	NOUN
fbem-10179	178	21	size	size	NOUN
fbem-10179	178	22	and	and	CCONJ
fbem-10179	178	23	have	have	VERB
fbem-10179	178	24	a	a	DET
fbem-10179	178	25	certain	certain	ADJ
fbem-10179	178	26	degree	degree	NOUN
fbem-10179	178	27	of	of	ADP
fbem-10179	178	28	robustness	robustness	NOUN
fbem-10179	178	29	.	.	PUNCT
fbem-10179	179	1	109	109	NUM
fbem-10179	179	2	table	table	NOUN
fbem-10179	179	3	5	5	NUM
fbem-10179	179	4	.	.	PUNCT
fbem-10179	180	1	robustness	robustness	NOUN
fbem-10179	180	2	test	test	NOUN
fbem-10179	180	3	:	:	PUNCT
fbem-10179	180	4	adjust	adjust	VERB
fbem-10179	180	5	the	the	DET
fbem-10179	180	6	sample	sample	NOUN
fbem-10179	180	7	for	for	ADP
fbem-10179	180	8	continuous	continuous	ADJ
fbem-10179	180	9	panel	panel	NOUN
fbem-10179	180	10	data	datum	NOUN
fbem-10179	180	11	model	model	NOUN
fbem-10179	180	12	1	1	NUM
fbem-10179	180	13	model	model	NOUN
fbem-10179	180	14	2	2	NUM
fbem-10179	180	15	variables	variable	NOUN
fbem-10179	180	16	eid	eid	PROPN
fbem-10179	180	17	eid	eid	PROPN
fbem-10179	180	18	size	size	NOUN
fbem-10179	180	19	1.459	1.459	NUM
fbem-10179	180	20	*	*	PUNCT
fbem-10179	180	21	*	*	PUNCT
fbem-10179	180	22	*	*	PUNCT
fbem-10179	180	23	(	(	PUNCT
fbem-10179	180	24	20.07	20.07	NUM
fbem-10179	180	25	)	)	PUNCT
fbem-10179	180	26	1.441	1.441	NUM
fbem-10179	180	27	*	*	PUNCT
fbem-10179	180	28	*	*	PUNCT
fbem-10179	180	29	*	*	PUNCT
fbem-10179	180	30	(	(	PUNCT
fbem-10179	180	31	22.61	22.61	NUM
fbem-10179	180	32	)	)	PUNCT
fbem-10179	180	33	age	age	NOUN
fbem-10179	180	34	0.388	0.388	NUM
fbem-10179	180	35	(	(	PUNCT
fbem-10179	180	36	1.52	1.52	NUM
fbem-10179	180	37	)	)	PUNCT
fbem-10179	180	38	0.383	0.383	NUM
fbem-10179	180	39	(	(	PUNCT
fbem-10179	180	40	1.54	1.54	NUM
fbem-10179	180	41	)	)	PUNCT
fbem-10179	180	42	lev	lev	NOUN
fbem-10179	180	43	0.167	0.167	NUM
fbem-10179	180	44	(	(	PUNCT
fbem-10179	180	45	0.58	0.58	NUM
fbem-10179	180	46	)	)	PUNCT
fbem-10179	180	47	0.187	0.187	NUM
fbem-10179	180	48	(	(	PUNCT
fbem-10179	180	49	0.69	0.69	NUM
fbem-10179	180	50	)	)	PUNCT
fbem-10179	180	51	roa	roa	NOUN
fbem-10179	180	52	3.149	3.149	NUM
fbem-10179	180	53	*	*	PUNCT
fbem-10179	180	54	*	*	PUNCT
fbem-10179	180	55	*	*	PUNCT
fbem-10179	180	56	(	(	PUNCT
fbem-10179	180	57	4.38	4.38	NUM
fbem-10179	180	58	)	)	PUNCT
fbem-10179	180	59	2.992	2.992	NUM
fbem-10179	180	60	*	*	PUNCT
fbem-10179	180	61	*	*	PUNCT
fbem-10179	180	62	*	*	PUNCT
fbem-10179	180	63	(	(	PUNCT
fbem-10179	180	64	4.39	4.39	NUM
fbem-10179	180	65	)	)	PUNCT
fbem-10179	180	66	cashflow	cashflow	ADJ
fbem-10179	180	67	5.782	5.782	NUM
fbem-10179	180	68	*	*	PUNCT
fbem-10179	180	69	*	*	PUNCT
fbem-10179	180	70	*	*	PUNCT
fbem-10179	180	71	(	(	PUNCT
fbem-10179	180	72	11.77	11.77	NUM
fbem-10179	180	73	)	)	PUNCT
fbem-10179	180	74	5.733	5.733	NUM
fbem-10179	180	75	*	*	PUNCT
fbem-10179	180	76	*	*	PUNCT
fbem-10179	180	77	*	*	PUNCT
fbem-10179	180	78	(	(	PUNCT
fbem-10179	180	79	11.26	11.26	NUM
fbem-10179	180	80	)	)	PUNCT
fbem-10179	180	81	indep	indep	NOUN
fbem-10179	180	82	-2.819	-2.819	NOUN
fbem-10179	180	83	*	*	PUNCT
fbem-10179	180	84	*	*	PUNCT
fbem-10179	180	85	*	*	PUNCT
fbem-10179	180	86	(	(	PUNCT
fbem-10179	180	87	-3.22	-3.22	NOUN
fbem-10179	180	88	)	)	PUNCT
fbem-10179	180	89	-2.899	-2.899	NOUN
fbem-10179	180	90	*	*	PUNCT
fbem-10179	180	91	*	*	PUNCT
fbem-10179	180	92	*	*	PUNCT
fbem-10179	180	93	(	(	PUNCT
fbem-10179	180	94	-3.13	-3.13	NOUN
fbem-10179	180	95	)	)	PUNCT
fbem-10179	180	96	dual	dual	ADJ
fbem-10179	180	97	-0.462	-0.462	NOUN
fbem-10179	180	98	*	*	PUNCT
fbem-10179	180	99	*	*	PUNCT
fbem-10179	180	100	*	*	PUNCT
fbem-10179	180	101	(	(	PUNCT
fbem-10179	180	102	-9.20	-9.20	NOUN
fbem-10179	180	103	)	)	PUNCT
fbem-10179	180	104	-0.474	-0.474	PUNCT
fbem-10179	180	105	*	*	PUNCT
fbem-10179	180	106	*	*	PUNCT
fbem-10179	180	107	*	*	PUNCT
fbem-10179	180	108	(	(	PUNCT
fbem-10179	180	109	-9.52	-9.52	ADJ
fbem-10179	180	110	)	)	PUNCT
fbem-10179	180	111	big4	big4	NOUN
fbem-10179	180	112	1.339	1.339	NUM
fbem-10179	180	113	*	*	PUNCT
fbem-10179	180	114	*	*	PUNCT
fbem-10179	180	115	*	*	PUNCT
fbem-10179	180	116	(	(	PUNCT
fbem-10179	180	117	3.47	3.47	NUM
fbem-10179	180	118	)	)	PUNCT
fbem-10179	180	119	1.239	1.239	NUM
fbem-10179	180	120	*	*	PUNCT
fbem-10179	180	121	*	*	PUNCT
fbem-10179	180	122	*	*	PUNCT
fbem-10179	180	123	(	(	PUNCT
fbem-10179	180	124	2.96	2.96	NUM
fbem-10179	180	125	)	)	PUNCT
fbem-10179	180	126	mshare	mshare	NOUN
fbem-10179	180	127	-0.538	-0.538	NUM
fbem-10179	180	128	(	(	PUNCT
fbem-10179	180	129	-1.62	-1.62	ADJ
fbem-10179	180	130	)	)	PUNCT
fbem-10179	180	131	-0.467	-0.467	PUNCT
fbem-10179	180	132	(	(	PUNCT
fbem-10179	180	133	-1.48	-1.48	NOUN
fbem-10179	180	134	)	)	PUNCT
fbem-10179	180	135	top1	top1	PROPN
fbem-10179	180	136	-1.304	-1.304	PUNCT
fbem-10179	180	137	(	(	PUNCT
fbem-10179	180	138	-1.54	-1.54	NOUN
fbem-10179	180	139	)	)	PUNCT
fbem-10179	180	140	-1.221	-1.221	NOUN
fbem-10179	180	141	(	(	PUNCT
fbem-10179	180	142	-1.42	-1.42	NUM
fbem-10179	180	143	)	)	PUNCT
fbem-10179	180	144	coz	coz	VERB
fbem-10179	180	145	1.253	1.253	NUM
fbem-10179	180	146	*	*	PUNCT
fbem-10179	180	147	*	*	PUNCT
fbem-10179	180	148	*	*	PUNCT
fbem-10179	180	149	(	(	PUNCT
fbem-10179	180	150	3.89	3.89	NUM
fbem-10179	180	151	)	)	PUNCT
fbem-10179	180	152	constant	constant	ADJ
fbem-10179	180	153	-28.043	-28.043	NOUN
fbem-10179	180	154	*	*	PUNCT
fbem-10179	180	155	*	*	PUNCT
fbem-10179	180	156	*	*	PUNCT
fbem-10179	180	157	(	(	PUNCT
fbem-10179	180	158	-18.22	-18.22	NOUN
fbem-10179	180	159	)	)	PUNCT
fbem-10179	180	160	1.694	1.694	NUM
fbem-10179	180	161	*	*	PUNCT
fbem-10179	180	162	*	*	PUNCT
fbem-10179	180	163	*	*	PUNCT
fbem-10179	180	164	(	(	PUNCT
fbem-10179	180	165	35.14	35.14	NUM
fbem-10179	180	166	)	)	PUNCT
fbem-10179	180	167	year	year	NOUN
fbem-10179	180	168	fe	fe	INTJ
fbem-10179	181	1	yes	yes	INTJ
fbem-10179	181	2	yes	yes	INTJ
fbem-10179	181	3	industry	industry	NOUN
fbem-10179	181	4	fe	fe	INTJ
fbem-10179	182	1	yes	yes	INTJ
fbem-10179	182	2	yes	yes	INTJ
fbem-10179	182	3	adjusted	adjust	VERB
fbem-10179	182	4	-	-	PUNCT
fbem-10179	182	5	r2	r2	NOUN
fbem-10179	182	6	0.229	0.229	NUM
fbem-10179	182	7	0.231	0.231	NUM
fbem-10179	182	8	observations	observation	NOUN
fbem-10179	182	9	11873	11873	NUM
fbem-10179	182	10	11873	11873	NUM
fbem-10179	182	11	note	note	NOUN
fbem-10179	182	12	:	:	PUNCT
fbem-10179	182	13	t	t	PROPN
fbem-10179	182	14	-	-	PUNCT
fbem-10179	182	15	statistics	statistic	NOUN
fbem-10179	182	16	in	in	ADP
fbem-10179	182	17	parentheses	parenthesis	NOUN
fbem-10179	182	18	.	.	PUNCT
fbem-10179	183	1	*	*	PUNCT
fbem-10179	184	1	*	*	PUNCT
fbem-10179	184	2	*	*	PUNCT
fbem-10179	184	3	p	p	X
fbem-10179	184	4	<	<	X
fbem-10179	184	5	0.01	0.01	NUM
fbem-10179	184	6	,	,	PUNCT
fbem-10179	184	7	*	*	PUNCT
fbem-10179	184	8	*	*	PUNCT
fbem-10179	184	9	p	p	X
fbem-10179	184	10	<	<	X
fbem-10179	184	11	0.05	0.05	NUM
fbem-10179	184	12	,	,	PUNCT
fbem-10179	184	13	*	*	PUNCT
fbem-10179	184	14	p	p	X
fbem-10179	184	15	<	<	X
fbem-10179	184	16	0.1	0.1	NUM
fbem-10179	184	17	table	table	NOUN
fbem-10179	184	18	6	6	NUM
fbem-10179	184	19	.	.	PUNCT
fbem-10179	184	20	further	further	ADJ
fbem-10179	184	21	analysis	analysis	NOUN
fbem-10179	184	22	model	model	NOUN
fbem-10179	184	23	1	1	NUM
fbem-10179	184	24	model	model	NOUN
fbem-10179	184	25	1	1	NUM
fbem-10179	184	26	variables	variable	NOUN
fbem-10179	184	27	eid	eid	PROPN
fbem-10179	184	28	eid	eid	PROPN
fbem-10179	184	29	size	size	NOUN
fbem-10179	184	30	1.453	1.453	NUM
fbem-10179	184	31	*	*	PUNCT
fbem-10179	184	32	*	*	PUNCT
fbem-10179	184	33	*	*	PUNCT
fbem-10179	184	34	(	(	PUNCT
fbem-10179	184	35	19.11	19.11	NUM
fbem-10179	184	36	)	)	PUNCT
fbem-10179	184	37	1.455	1.455	NUM
fbem-10179	184	38	*	*	PUNCT
fbem-10179	184	39	*	*	PUNCT
fbem-10179	184	40	*	*	PUNCT
fbem-10179	184	41	(	(	PUNCT
fbem-10179	184	42	17.89	17.89	NUM
fbem-10179	184	43	)	)	PUNCT
fbem-10179	184	44	age	age	NOUN
fbem-10179	184	45	0.338	0.338	NUM
fbem-10179	184	46	*	*	PUNCT
fbem-10179	184	47	(	(	PUNCT
fbem-10179	184	48	1.64	1.64	NUM
fbem-10179	184	49	)	)	PUNCT
fbem-10179	184	50	0.326	0.326	NUM
fbem-10179	184	51	(	(	PUNCT
fbem-10179	184	52	1.60	1.60	NUM
fbem-10179	184	53	)	)	PUNCT
fbem-10179	184	54	lev	lev	NOUN
fbem-10179	184	55	-0.037	-0.037	PUNCT
fbem-10179	184	56	(	(	PUNCT
fbem-10179	184	57	-0.14	-0.14	NOUN
fbem-10179	184	58	)	)	PUNCT
fbem-10179	184	59	-0.030	-0.030	X
fbem-10179	184	60	(	(	PUNCT
fbem-10179	184	61	-0.11	-0.11	NUM
fbem-10179	184	62	)	)	PUNCT
fbem-10179	184	63	roa	roa	NOUN
fbem-10179	184	64	2.634	2.634	NUM
fbem-10179	184	65	*	*	PUNCT
fbem-10179	184	66	*	*	PUNCT
fbem-10179	184	67	*	*	PUNCT
fbem-10179	184	68	(	(	PUNCT
fbem-10179	184	69	4.43	4.43	NUM
fbem-10179	184	70	)	)	PUNCT
fbem-10179	184	71	2.696	2.696	NUM
fbem-10179	184	72	*	*	PUNCT
fbem-10179	184	73	*	*	PUNCT
fbem-10179	184	74	*	*	PUNCT
fbem-10179	184	75	(	(	PUNCT
fbem-10179	184	76	4.46	4.46	NUM
fbem-10179	184	77	)	)	PUNCT
fbem-10179	184	78	cashflow	cashflow	VERB
fbem-10179	184	79	5.568	5.568	NUM
fbem-10179	184	80	*	*	PUNCT
fbem-10179	184	81	*	*	PUNCT
fbem-10179	184	82	*	*	PUNCT
fbem-10179	184	83	(	(	PUNCT
fbem-10179	184	84	10.63	10.63	NUM
fbem-10179	184	85	)	)	PUNCT
fbem-10179	184	86	5.594	5.594	NUM
fbem-10179	184	87	*	*	PUNCT
fbem-10179	184	88	*	*	PUNCT
fbem-10179	184	89	*	*	PUNCT
fbem-10179	184	90	(	(	PUNCT
fbem-10179	184	91	10.83	10.83	NUM
fbem-10179	184	92	)	)	PUNCT
fbem-10179	184	93	indep	indep	NOUN
fbem-10179	184	94	-3.018	-3.018	NOUN
fbem-10179	184	95	*	*	PUNCT
fbem-10179	185	1	*	*	PUNCT
fbem-10179	185	2	*	*	PUNCT
fbem-10179	185	3	(	(	PUNCT
fbem-10179	185	4	-3.46	-3.46	NUM
fbem-10179	185	5	)	)	PUNCT
fbem-10179	185	6	-3.025	-3.025	NOUN
fbem-10179	185	7	*	*	PUNCT
fbem-10179	185	8	*	*	PUNCT
fbem-10179	185	9	*	*	PUNCT
fbem-10179	185	10	(	(	PUNCT
fbem-10179	185	11	-3.44	-3.44	NOUN
fbem-10179	185	12	)	)	PUNCT
fbem-10179	185	13	dual	dual	ADJ
fbem-10179	185	14	-0.482	-0.482	PUNCT
fbem-10179	185	15	*	*	PUNCT
fbem-10179	185	16	*	*	PUNCT
fbem-10179	185	17	*	*	PUNCT
fbem-10179	185	18	(	(	PUNCT
fbem-10179	185	19	-10.27	-10.27	ADJ
fbem-10179	185	20	)	)	PUNCT
fbem-10179	185	21	-0.475	-0.475	NOUN
fbem-10179	185	22	*	*	PUNCT
fbem-10179	185	23	*	*	PUNCT
fbem-10179	185	24	*	*	PUNCT
fbem-10179	185	25	(	(	PUNCT
fbem-10179	185	26	-10.12	-10.12	NOUN
fbem-10179	185	27	)	)	PUNCT
fbem-10179	185	28	big4	big4	NOUN
fbem-10179	185	29	1.312	1.312	NUM
fbem-10179	185	30	*	*	PUNCT
fbem-10179	185	31	*	*	PUNCT
fbem-10179	185	32	*	*	PUNCT
fbem-10179	185	33	(	(	PUNCT
fbem-10179	185	34	4.87	4.87	NUM
fbem-10179	185	35	)	)	PUNCT
fbem-10179	185	36	1.314	1.314	NUM
fbem-10179	185	37	*	*	PUNCT
fbem-10179	186	1	*	*	PUNCT
fbem-10179	186	2	*	*	PUNCT
fbem-10179	186	3	(	(	PUNCT
fbem-10179	186	4	4.97	4.97	NUM
fbem-10179	186	5	)	)	PUNCT
fbem-10179	186	6	mshare	mshare	NOUN
fbem-10179	186	7	-0.556	-0.556	SYM
fbem-10179	186	8	(	(	PUNCT
fbem-10179	186	9	-1.59	-1.59	NUM
fbem-10179	186	10	)	)	PUNCT
fbem-10179	186	11	-0.556	-0.556	NOUN
fbem-10179	186	12	*	*	PUNCT
fbem-10179	186	13	(	(	PUNCT
fbem-10179	186	14	-1.65	-1.65	NOUN
fbem-10179	186	15	)	)	PUNCT
fbem-10179	186	16	top1	top1	PROPN
fbem-10179	186	17	-1.031	-1.031	PUNCT
fbem-10179	186	18	(	(	PUNCT
fbem-10179	186	19	-1.14	-1.14	NOUN
fbem-10179	186	20	)	)	PUNCT
fbem-10179	186	21	-1.103	-1.103	PUNCT
fbem-10179	186	22	(	(	PUNCT
fbem-10179	186	23	-1.27	-1.27	NOUN
fbem-10179	186	24	)	)	PUNCT
fbem-10179	186	25	coz2	coz2	NOUN
fbem-10179	186	26	1.802	1.802	NUM
fbem-10179	186	27	*	*	NOUN
fbem-10179	186	28	*	*	PUNCT
fbem-10179	186	29	*	*	PUNCT
fbem-10179	186	30	(	(	PUNCT
fbem-10179	186	31	4.02	4.02	NUM
fbem-10179	186	32	)	)	PUNCT
fbem-10179	186	33	coz3	coz3	NOUN
fbem-10179	186	34	5.979	5.979	NUM
fbem-10179	186	35	*	*	NOUN
fbem-10179	186	36	*	*	PUNCT
fbem-10179	186	37	*	*	PUNCT
fbem-10179	186	38	(	(	PUNCT
fbem-10179	186	39	2.91	2.91	NUM
fbem-10179	186	40	)	)	PUNCT
fbem-10179	186	41	constant	constant	ADJ
fbem-10179	186	42	-27.708	-27.708	NOUN
fbem-10179	186	43	*	*	PUNCT
fbem-10179	186	44	*	*	PUNCT
fbem-10179	186	45	*	*	PUNCT
fbem-10179	186	46	(	(	PUNCT
fbem-10179	186	47	-17.29	-17.29	NOUN
fbem-10179	186	48	)	)	PUNCT
fbem-10179	186	49	-27.710	-27.710	NOUN
fbem-10179	186	50	*	*	PUNCT
fbem-10179	186	51	*	*	PUNCT
fbem-10179	186	52	*	*	PUNCT
fbem-10179	186	53	(	(	PUNCT
fbem-10179	186	54	-16.26	-16.26	NOUN
fbem-10179	186	55	)	)	PUNCT
fbem-10179	186	56	year	year	NOUN
fbem-10179	186	57	fe	fe	INTJ
fbem-10179	187	1	yes	yes	INTJ
fbem-10179	187	2	yes	yes	INTJ
fbem-10179	187	3	industry	industry	NOUN
fbem-10179	187	4	fe	fe	INTJ
fbem-10179	188	1	yes	yes	INTJ
fbem-10179	188	2	yes	yes	INTJ
fbem-10179	188	3	adjusted	adjust	VERB
fbem-10179	188	4	-	-	PUNCT
fbem-10179	188	5	r2	r2	NOUN
fbem-10179	188	6	0.235	0.235	NUM
fbem-10179	188	7	0.235	0.235	NUM
fbem-10179	188	8	observations	observation	NOUN
fbem-10179	188	9	12634	12634	NUM
fbem-10179	188	10	12634	12634	NUM
fbem-10179	188	11	note	note	NOUN
fbem-10179	188	12	:	:	PUNCT
fbem-10179	188	13	t	t	PROPN
fbem-10179	188	14	-	-	PUNCT
fbem-10179	188	15	statistics	statistic	NOUN
fbem-10179	188	16	in	in	ADP
fbem-10179	188	17	parentheses	parenthesis	NOUN
fbem-10179	188	18	.	.	PUNCT
fbem-10179	189	1	*	*	PUNCT
fbem-10179	190	1	*	*	PUNCT
fbem-10179	190	2	*	*	PUNCT
fbem-10179	190	3	p	p	X
fbem-10179	190	4	<	<	X
fbem-10179	190	5	0.01	0.01	NUM
fbem-10179	190	6	,	,	PUNCT
fbem-10179	190	7	*	*	PUNCT
fbem-10179	190	8	*	*	PUNCT
fbem-10179	190	9	p	p	X
fbem-10179	190	10	<	<	X
fbem-10179	190	11	0.05	0.05	NUM
fbem-10179	190	12	,	,	PUNCT
fbem-10179	190	13	*	*	PUNCT
fbem-10179	190	14	p	p	X
fbem-10179	190	15	<	<	X
fbem-10179	190	16	0.1	0.1	NUM
fbem-10179	190	17	110	110	NUM
fbem-10179	190	18	4.4	4.4	NUM
fbem-10179	190	19	.	.	PUNCT
fbem-10179	191	1	further	further	ADJ
fbem-10179	191	2	analysis	analysis	NOUN
fbem-10179	191	3	according	accord	VERB
fbem-10179	191	4	to	to	ADP
fbem-10179	191	5	the	the	DET
fbem-10179	191	6	theoretical	theoretical	ADJ
fbem-10179	191	7	analysis	analysis	NOUN
fbem-10179	191	8	above	above	ADP
fbem-10179	191	9	,	,	PUNCT
fbem-10179	191	10	when	when	SCONJ
fbem-10179	191	11	coinstitutional	coinstitutional	ADJ
fbem-10179	191	12	investors	investor	NOUN
fbem-10179	191	13	hold	hold	VERB
fbem-10179	191	14	shares	share	NOUN
fbem-10179	191	15	in	in	ADP
fbem-10179	191	16	multiple	multiple	ADJ
fbem-10179	191	17	firms	firm	NOUN
fbem-10179	191	18	,	,	PUNCT
fbem-10179	191	19	they	they	PRON
fbem-10179	191	20	can	can	AUX
fbem-10179	191	21	improve	improve	VERB
fbem-10179	191	22	communication	communication	NOUN
fbem-10179	191	23	among	among	ADP
fbem-10179	191	24	firms	firm	NOUN
fbem-10179	191	25	in	in	ADP
fbem-10179	191	26	the	the	DET
fbem-10179	191	27	linked	link	VERB
fbem-10179	191	28	network	network	NOUN
fbem-10179	191	29	and	and	CCONJ
fbem-10179	191	30	facilitate	facilitate	VERB
fbem-10179	191	31	the	the	DET
fbem-10179	191	32	exchange	exchange	NOUN
fbem-10179	191	33	and	and	CCONJ
fbem-10179	191	34	sharing	sharing	NOUN
fbem-10179	191	35	of	of	ADP
fbem-10179	191	36	information	information	NOUN
fbem-10179	191	37	(	(	PUNCT
fbem-10179	191	38	gao	gao	PROPN
fbem-10179	191	39	et	et	PROPN
fbem-10179	191	40	al	al	PROPN
fbem-10179	191	41	.	.	PROPN
fbem-10179	191	42	,	,	PUNCT
fbem-10179	191	43	2019	2019	NUM
fbem-10179	191	44	)	)	PUNCT
fbem-10179	191	45	.	.	PUNCT
fbem-10179	192	1	as	as	ADP
fbem-10179	192	2	the	the	DET
fbem-10179	192	3	shareholding	shareholding	NOUN
fbem-10179	192	4	ratio	ratio	NOUN
fbem-10179	192	5	of	of	ADP
fbem-10179	192	6	common	common	ADJ
fbem-10179	192	7	institutional	institutional	ADJ
fbem-10179	192	8	ownership	ownership	NOUN
fbem-10179	192	9	increases	increase	NOUN
fbem-10179	192	10	,	,	PUNCT
fbem-10179	192	11	its	its	PRON
fbem-10179	192	12	influence	influence	NOUN
fbem-10179	192	13	and	and	CCONJ
fbem-10179	192	14	voice	voice	NOUN
fbem-10179	192	15	in	in	ADP
fbem-10179	192	16	corporate	corporate	ADJ
fbem-10179	192	17	governance	governance	NOUN
fbem-10179	192	18	will	will	AUX
fbem-10179	192	19	also	also	ADV
fbem-10179	192	20	be	be	AUX
fbem-10179	192	21	enhanced	enhance	VERB
fbem-10179	192	22	.	.	PUNCT
fbem-10179	193	1	this	this	DET
fbem-10179	193	2	paper	paper	NOUN
fbem-10179	193	3	further	far	ADV
fbem-10179	193	4	examines	examine	VERB
fbem-10179	193	5	the	the	DET
fbem-10179	193	6	impact	impact	NOUN
fbem-10179	193	7	of	of	ADP
fbem-10179	193	8	the	the	DET
fbem-10179	193	9	degree	degree	NOUN
fbem-10179	193	10	of	of	ADP
fbem-10179	193	11	linkage	linkage	NOUN
fbem-10179	193	12	(	(	PUNCT
fbem-10179	193	13	coz2	coz2	PROPN
fbem-10179	193	14	)	)	PUNCT
fbem-10179	193	15	and	and	CCONJ
fbem-10179	193	16	shareholding	shareholding	NOUN
fbem-10179	193	17	(	(	PUNCT
fbem-10179	193	18	coz3	coz3	PROPN
fbem-10179	193	19	)	)	PUNCT
fbem-10179	193	20	of	of	ADP
fbem-10179	193	21	common	common	ADJ
fbem-10179	193	22	institutional	institutional	ADJ
fbem-10179	193	23	ownership	ownership	NOUN
fbem-10179	193	24	on	on	ADP
fbem-10179	193	25	the	the	DET
fbem-10179	193	26	quality	quality	NOUN
fbem-10179	193	27	of	of	ADP
fbem-10179	193	28	environmental	environmental	ADJ
fbem-10179	193	29	information	information	NOUN
fbem-10179	193	30	disclosure	disclosure	NOUN
fbem-10179	193	31	.	.	PUNCT
fbem-10179	194	1	as	as	SCONJ
fbem-10179	194	2	shown	show	VERB
fbem-10179	194	3	in	in	ADP
fbem-10179	194	4	table	table	NOUN
fbem-10179	194	5	6	6	NUM
fbem-10179	194	6	,	,	PUNCT
fbem-10179	194	7	the	the	DET
fbem-10179	194	8	coefficient	coefficient	NOUN
fbem-10179	194	9	of	of	ADP
fbem-10179	194	10	coz2	coz2	PROPN
fbem-10179	194	11	in	in	ADP
fbem-10179	194	12	model	model	NOUN
fbem-10179	194	13	1	1	NUM
fbem-10179	194	14	is	be	AUX
fbem-10179	194	15	significantly	significantly	ADV
fbem-10179	194	16	positive	positive	ADJ
fbem-10179	194	17	(	(	PUNCT
fbem-10179	194	18	β	β	X
fbem-10179	194	19	=	=	NUM
fbem-10179	194	20	1.802	1.802	NUM
fbem-10179	194	21	,	,	PUNCT
fbem-10179	194	22	p	p	X
fbem-10179	194	23	<	<	X
fbem-10179	194	24	.01	.01	NUM
fbem-10179	194	25	)	)	PUNCT
fbem-10179	194	26	.	.	PUNCT
fbem-10179	195	1	in	in	ADP
fbem-10179	195	2	model	model	NOUN
fbem-10179	195	3	2	2	NUM
fbem-10179	195	4	,	,	PUNCT
fbem-10179	195	5	the	the	DET
fbem-10179	195	6	coefficient	coefficient	NOUN
fbem-10179	195	7	of	of	ADP
fbem-10179	195	8	coz3	coz3	PROPN
fbem-10179	195	9	is	be	AUX
fbem-10179	195	10	also	also	ADV
fbem-10179	195	11	significantly	significantly	ADV
fbem-10179	195	12	positive	positive	ADJ
fbem-10179	195	13	(	(	PUNCT
fbem-10179	195	14	β	β	X
fbem-10179	195	15	=	=	NOUN
fbem-10179	195	16	5.979	5.979	NUM
fbem-10179	195	17	,	,	PUNCT
fbem-10179	195	18	p	p	X
fbem-10179	195	19	<	<	X
fbem-10179	195	20	.01	.01	NUM
fbem-10179	195	21	)	)	PUNCT
fbem-10179	195	22	.	.	PUNCT
fbem-10179	196	1	by	by	ADP
fbem-10179	196	2	further	far	ADV
fbem-10179	196	3	segmenting	segment	VERB
fbem-10179	196	4	common	common	ADJ
fbem-10179	196	5	institutional	institutional	ADJ
fbem-10179	196	6	ownership	ownership	NOUN
fbem-10179	196	7	,	,	PUNCT
fbem-10179	196	8	the	the	DET
fbem-10179	196	9	paper	paper	NOUN
fbem-10179	196	10	finds	find	VERB
fbem-10179	196	11	that	that	SCONJ
fbem-10179	196	12	the	the	PRON
fbem-10179	196	13	higher	high	ADJ
fbem-10179	196	14	the	the	DET
fbem-10179	196	15	degree	degree	NOUN
fbem-10179	196	16	of	of	ADP
fbem-10179	196	17	common	common	ADJ
fbem-10179	196	18	institutional	institutional	ADJ
fbem-10179	196	19	ownership	ownership	NOUN
fbem-10179	196	20	and	and	CCONJ
fbem-10179	196	21	the	the	PRON
fbem-10179	196	22	larger	large	ADJ
fbem-10179	196	23	the	the	DET
fbem-10179	196	24	shareholding	shareholding	NOUN
fbem-10179	196	25	,	,	PUNCT
fbem-10179	196	26	the	the	PRON
fbem-10179	196	27	more	more	ADJ
fbem-10179	196	28	it	it	PRON
fbem-10179	196	29	helps	help	VERB
fbem-10179	196	30	to	to	PART
fbem-10179	196	31	promote	promote	VERB
fbem-10179	196	32	the	the	DET
fbem-10179	196	33	quality	quality	NOUN
fbem-10179	196	34	of	of	ADP
fbem-10179	196	35	environmental	environmental	ADJ
fbem-10179	196	36	information	information	NOUN
fbem-10179	196	37	disclosure	disclosure	NOUN
fbem-10179	196	38	.	.	PUNCT
fbem-10179	197	1	4.5	4.5	NUM
fbem-10179	197	2	.	.	PUNCT
fbem-10179	198	1	heterogeneity	heterogeneity	NOUN
fbem-10179	198	2	analysis	analysis	NOUN
fbem-10179	198	3	as	as	ADP
fbem-10179	198	4	an	an	DET
fbem-10179	198	5	informal	informal	ADJ
fbem-10179	198	6	system	system	NOUN
fbem-10179	198	7	,	,	PUNCT
fbem-10179	198	8	the	the	DET
fbem-10179	198	9	synergistic	synergistic	ADJ
fbem-10179	198	10	governance	governance	NOUN
fbem-10179	198	11	of	of	ADP
fbem-10179	198	12	common	common	ADJ
fbem-10179	198	13	institutional	institutional	ADJ
fbem-10179	198	14	ownership	ownership	NOUN
fbem-10179	198	15	depends	depend	VERB
fbem-10179	198	16	not	not	PART
fbem-10179	198	17	only	only	ADV
fbem-10179	198	18	on	on	ADP
fbem-10179	198	19	the	the	DET
fbem-10179	198	20	common	common	ADJ
fbem-10179	198	21	institutional	institutional	ADJ
fbem-10179	198	22	investors	investor	NOUN
fbem-10179	198	23	themselves	themselves	PRON
fbem-10179	198	24	but	but	CCONJ
fbem-10179	198	25	also	also	ADV
fbem-10179	198	26	influenced	influence	VERB
fbem-10179	198	27	by	by	ADP
fbem-10179	198	28	the	the	DET
fbem-10179	198	29	firms	firm	NOUN
fbem-10179	198	30	.	.	PUNCT
fbem-10179	199	1	based	base	VERB
fbem-10179	199	2	on	on	ADP
fbem-10179	199	3	this	this	PRON
fbem-10179	199	4	,	,	PUNCT
fbem-10179	199	5	this	this	DET
fbem-10179	199	6	paper	paper	NOUN
fbem-10179	199	7	further	far	ADV
fbem-10179	199	8	examines	examine	VERB
fbem-10179	199	9	the	the	DET
fbem-10179	199	10	nature	nature	NOUN
fbem-10179	199	11	of	of	ADP
fbem-10179	199	12	highly	highly	ADV
fbem-10179	199	13	-	-	PUNCT
fbem-10179	199	14	polluting	pollute	VERB
fbem-10179	199	15	firms	firm	NOUN
fbem-10179	199	16	and	and	CCONJ
fbem-10179	199	17	business	business	NOUN
fbem-10179	199	18	lifecycle	lifecycle	NOUN
fbem-10179	199	19	on	on	ADP
fbem-10179	199	20	the	the	DET
fbem-10179	199	21	effect	effect	NOUN
fbem-10179	199	22	of	of	ADP
fbem-10179	199	23	common	common	ADJ
fbem-10179	199	24	institutional	institutional	ADJ
fbem-10179	199	25	ownership	ownership	NOUN
fbem-10179	199	26	on	on	ADP
fbem-10179	199	27	the	the	DET
fbem-10179	199	28	quality	quality	NOUN
fbem-10179	199	29	of	of	ADP
fbem-10179	199	30	environmental	environmental	ADJ
fbem-10179	199	31	information	information	NOUN
fbem-10179	199	32	disclosure	disclosure	NOUN
fbem-10179	199	33	.	.	PUNCT
fbem-10179	200	1	4.5.1	4.5.1	X
fbem-10179	200	2	.	.	PUNCT
fbem-10179	201	1	the	the	DET
fbem-10179	201	2	nature	nature	NOUN
fbem-10179	201	3	of	of	ADP
fbem-10179	201	4	highly	highly	ADV
fbem-10179	201	5	polluting	polluting	ADJ
fbem-10179	201	6	firms	firm	NOUN
fbem-10179	201	7	polluting	pollute	VERB
fbem-10179	201	8	firms	firm	NOUN
fbem-10179	201	9	are	be	AUX
fbem-10179	201	10	those	those	PRON
fbem-10179	201	11	whose	whose	DET
fbem-10179	201	12	production	production	NOUN
fbem-10179	201	13	activities	activity	NOUN
fbem-10179	201	14	have	have	VERB
fbem-10179	201	15	a	a	DET
fbem-10179	201	16	significant	significant	ADJ
fbem-10179	201	17	negative	negative	ADJ
fbem-10179	201	18	impact	impact	NOUN
fbem-10179	201	19	on	on	ADP
fbem-10179	201	20	the	the	DET
fbem-10179	201	21	environment	environment	NOUN
fbem-10179	201	22	.	.	PUNCT
fbem-10179	202	1	for	for	ADP
fbem-10179	202	2	example	example	NOUN
fbem-10179	202	3	,	,	PUNCT
fbem-10179	202	4	exposure	exposure	NOUN
fbem-10179	202	5	to	to	ADP
fbem-10179	202	6	the	the	DET
fbem-10179	202	7	air	air	NOUN
fbem-10179	202	8	,	,	PUNCT
fbem-10179	202	9	agricultural	agricultural	ADJ
fbem-10179	202	10	activities	activity	NOUN
fbem-10179	202	11	and	and	CCONJ
fbem-10179	202	12	burning	burn	VERB
fbem-10179	202	13	fossil	fossil	NOUN
fbem-10179	202	14	fuels	fuel	NOUN
fbem-10179	202	15	will	will	AUX
fbem-10179	202	16	cause	cause	VERB
fbem-10179	202	17	air	air	NOUN
fbem-10179	202	18	pollution	pollution	NOUN
fbem-10179	202	19	.	.	PUNCT
fbem-10179	203	1	the	the	DET
fbem-10179	203	2	government	government	NOUN
fbem-10179	203	3	and	and	CCONJ
fbem-10179	203	4	market	market	NOUN
fbem-10179	203	5	stakeholders	stakeholder	NOUN
fbem-10179	203	6	are	be	AUX
fbem-10179	203	7	more	more	ADV
fbem-10179	203	8	likely	likely	ADJ
fbem-10179	203	9	to	to	PART
fbem-10179	203	10	take	take	VERB
fbem-10179	203	11	notice	notice	NOUN
fbem-10179	203	12	of	of	ADP
fbem-10179	203	13	their	their	PRON
fbem-10179	203	14	strategic	strategic	ADJ
fbem-10179	203	15	environmental	environmental	ADJ
fbem-10179	203	16	practices	practice	NOUN
fbem-10179	203	17	(	(	PUNCT
fbem-10179	203	18	zheng	zheng	X
fbem-10179	203	19	et	et	PROPN
fbem-10179	203	20	al	al	PROPN
fbem-10179	203	21	.	.	PROPN
fbem-10179	203	22	,	,	PUNCT
fbem-10179	203	23	2020	2020	NUM
fbem-10179	203	24	)	)	PUNCT
fbem-10179	203	25	.	.	PUNCT
fbem-10179	204	1	firstly	firstly	ADV
fbem-10179	204	2	,	,	PUNCT
fbem-10179	204	3	the	the	DET
fbem-10179	204	4	definition	definition	NOUN
fbem-10179	204	5	of	of	ADP
fbem-10179	204	6	highly	highly	ADV
fbem-10179	204	7	polluting	polluting	ADJ
fbem-10179	204	8	firms	firm	NOUN
fbem-10179	204	9	is	be	AUX
fbem-10179	204	10	based	base	VERB
fbem-10179	204	11	on	on	ADP
fbem-10179	204	12	the	the	DET
fbem-10179	204	13	list	list	NOUN
fbem-10179	204	14	of	of	ADP
fbem-10179	204	15	listed	list	VERB
fbem-10179	204	16	companies	company	NOUN
fbem-10179	204	17	in	in	ADP
fbem-10179	204	18	the	the	DET
fbem-10179	204	19	environmental	environmental	PROPN
fbem-10179	204	20	protection	protection	PROPN
fbem-10179	204	21	verification	verification	NOUN
fbem-10179	204	22	industry	industry	NOUN
fbem-10179	204	23	classification	classification	NOUN
fbem-10179	204	24	and	and	CCONJ
fbem-10179	204	25	management	management	NOUN
fbem-10179	204	26	by	by	ADP
fbem-10179	204	27	the	the	DET
fbem-10179	204	28	ministry	ministry	PROPN
fbem-10179	204	29	of	of	ADP
fbem-10179	204	30	environmental	environmental	ADJ
fbem-10179	204	31	protection	protection	NOUN
fbem-10179	204	32	in	in	ADP
fbem-10179	204	33	2008	2008	NUM
fbem-10179	204	34	.	.	PUNCT
fbem-10179	205	1	accordingly	accordingly	ADV
fbem-10179	205	2	,	,	PUNCT
fbem-10179	205	3	this	this	DET
fbem-10179	205	4	paper	paper	NOUN
fbem-10179	205	5	selected	select	VERB
fbem-10179	205	6	listed	list	VERB
fbem-10179	205	7	firms	firm	NOUN
fbem-10179	205	8	in	in	ADP
fbem-10179	205	9	highly	highly	ADV
fbem-10179	205	10	polluting	polluting	ADJ
fbem-10179	205	11	industries	industry	NOUN
fbem-10179	205	12	as	as	ADP
fbem-10179	205	13	the	the	DET
fbem-10179	205	14	study	study	NOUN
fbem-10179	205	15	sample	sample	NOUN
fbem-10179	205	16	.	.	PUNCT
fbem-10179	206	1	as	as	SCONJ
fbem-10179	206	2	shown	show	VERB
fbem-10179	206	3	in	in	ADP
fbem-10179	206	4	table	table	NOUN
fbem-10179	206	5	7	7	NUM
fbem-10179	206	6	,	,	PUNCT
fbem-10179	206	7	the	the	DET
fbem-10179	206	8	coefficient	coefficient	NOUN
fbem-10179	206	9	of	of	ADP
fbem-10179	206	10	coz	coz	NOUN
fbem-10179	206	11	in	in	ADP
fbem-10179	206	12	model	model	NOUN
fbem-10179	206	13	1	1	NUM
fbem-10179	206	14	is	be	AUX
fbem-10179	206	15	significantly	significantly	ADV
fbem-10179	206	16	positive	positive	ADJ
fbem-10179	206	17	(	(	PUNCT
fbem-10179	206	18	β	β	X
fbem-10179	206	19	=	=	NUM
fbem-10179	206	20	2.149	2.149	NUM
fbem-10179	206	21	,	,	PUNCT
fbem-10179	206	22	p	p	X
fbem-10179	206	23	<	<	X
fbem-10179	206	24	.01	.01	NUM
fbem-10179	206	25	)	)	PUNCT
fbem-10179	206	26	.	.	PUNCT
fbem-10179	207	1	in	in	ADP
fbem-10179	207	2	model	model	NOUN
fbem-10179	207	3	2	2	NUM
fbem-10179	207	4	,	,	PUNCT
fbem-10179	207	5	the	the	DET
fbem-10179	207	6	coefficient	coefficient	NOUN
fbem-10179	207	7	of	of	ADP
fbem-10179	207	8	coz	coz	NOUN
fbem-10179	207	9	is	be	AUX
fbem-10179	207	10	significantly	significantly	ADV
fbem-10179	207	11	positive	positive	ADJ
fbem-10179	207	12	(	(	PUNCT
fbem-10179	207	13	β	β	X
fbem-10179	207	14	=	=	NOUN
fbem-10179	207	15	1.133	1.133	NUM
fbem-10179	207	16	,	,	PUNCT
fbem-10179	207	17	p	p	X
fbem-10179	207	18	<	<	X
fbem-10179	207	19	.1	.1	NUM
fbem-10179	207	20	)	)	PUNCT
fbem-10179	207	21	.	.	PUNCT
fbem-10179	208	1	compared	compare	VERB
fbem-10179	208	2	to	to	ADP
fbem-10179	208	3	the	the	DET
fbem-10179	208	4	non	non	ADJ
fbem-10179	208	5	-	-	ADJ
fbem-10179	208	6	highly	highly	ADV
fbem-10179	208	7	polluting	polluting	ADJ
fbem-10179	208	8	firms	firm	NOUN
fbem-10179	208	9	,	,	PUNCT
fbem-10179	208	10	the	the	DET
fbem-10179	208	11	synergistic	synergistic	ADJ
fbem-10179	208	12	governance	governance	NOUN
fbem-10179	208	13	effect	effect	NOUN
fbem-10179	208	14	of	of	ADP
fbem-10179	208	15	common	common	ADJ
fbem-10179	208	16	institutional	institutional	ADJ
fbem-10179	208	17	ownership	ownership	NOUN
fbem-10179	208	18	is	be	AUX
fbem-10179	208	19	more	more	ADV
fbem-10179	208	20	pronounced	pronounced	ADJ
fbem-10179	208	21	in	in	ADP
fbem-10179	208	22	highly	highly	ADV
fbem-10179	208	23	-	-	PUNCT
fbem-10179	208	24	polluting	pollute	VERB
fbem-10179	208	25	firms	firm	NOUN
fbem-10179	208	26	.	.	PUNCT
fbem-10179	209	1	perhaps	perhaps	ADV
fbem-10179	209	2	this	this	PRON
fbem-10179	209	3	is	be	AUX
fbem-10179	209	4	because	because	SCONJ
fbem-10179	209	5	the	the	DET
fbem-10179	209	6	more	more	ADV
fbem-10179	209	7	stringent	stringent	ADJ
fbem-10179	209	8	scrutiny	scrutiny	NOUN
fbem-10179	209	9	standards	standard	NOUN
fbem-10179	209	10	and	and	CCONJ
fbem-10179	209	11	stricter	strict	ADJ
fbem-10179	209	12	environmental	environmental	ADJ
fbem-10179	209	13	rules	rule	NOUN
fbem-10179	209	14	for	for	ADP
fbem-10179	209	15	highly	highly	ADV
fbem-10179	209	16	polluting	polluting	ADJ
fbem-10179	209	17	firms	firm	NOUN
fbem-10179	209	18	leave	leave	VERB
fbem-10179	209	19	less	less	ADJ
fbem-10179	209	20	potential	potential	NOUN
fbem-10179	209	21	for	for	SCONJ
fbem-10179	209	22	firms	firm	NOUN
fbem-10179	209	23	to	to	PART
fbem-10179	209	24	manipulate	manipulate	VERB
fbem-10179	209	25	environmental	environmental	ADJ
fbem-10179	209	26	disclosures	disclosure	NOUN
fbem-10179	209	27	(	(	PUNCT
fbem-10179	209	28	mbanyele	mbanyele	PROPN
fbem-10179	209	29	&	&	CCONJ
fbem-10179	209	30	wang	wang	PROPN
fbem-10179	209	31	,	,	PUNCT
fbem-10179	209	32	2022	2022	NUM
fbem-10179	209	33	)	)	PUNCT
fbem-10179	209	34	.	.	PUNCT
fbem-10179	210	1	in	in	ADP
fbem-10179	210	2	the	the	DET
fbem-10179	210	3	context	context	NOUN
fbem-10179	210	4	of	of	ADP
fbem-10179	210	5	strict	strict	ADJ
fbem-10179	210	6	environmental	environmental	ADJ
fbem-10179	210	7	regulation	regulation	NOUN
fbem-10179	210	8	,	,	PUNCT
fbem-10179	210	9	there	there	PRON
fbem-10179	210	10	is	be	VERB
fbem-10179	210	11	a	a	DET
fbem-10179	210	12	higher	high	ADJ
fbem-10179	210	13	probability	probability	NOUN
fbem-10179	210	14	of	of	ADP
fbem-10179	210	15	being	be	AUX
fbem-10179	210	16	spotted	spot	VERB
fbem-10179	210	17	for	for	ADP
fbem-10179	210	18	engaging	engage	VERB
fbem-10179	210	19	in	in	ADP
fbem-10179	210	20	“	"	PUNCT
fbem-10179	210	21	environmental	environmental	ADJ
fbem-10179	210	22	information	information	NOUN
fbem-10179	210	23	greenwashing	greenwashing	NOUN
fbem-10179	210	24	”	"	PUNCT
fbem-10179	210	25	.	.	PUNCT
fbem-10179	211	1	based	base	VERB
fbem-10179	211	2	on	on	ADP
fbem-10179	211	3	the	the	DET
fbem-10179	211	4	cost	cost	NOUN
fbem-10179	211	5	-	-	PUNCT
fbem-10179	211	6	benefit	benefit	NOUN
fbem-10179	211	7	principle	principle	NOUN
fbem-10179	211	8	,	,	PUNCT
fbem-10179	211	9	the	the	DET
fbem-10179	211	10	increased	increase	VERB
fbem-10179	211	11	intensity	intensity	NOUN
fbem-10179	211	12	of	of	ADP
fbem-10179	211	13	environmental	environmental	ADJ
fbem-10179	211	14	regulation	regulation	NOUN
fbem-10179	211	15	could	could	AUX
fbem-10179	211	16	make	make	VERB
fbem-10179	211	17	highly	highly	ADV
fbem-10179	211	18	polluting	pollute	VERB
fbem-10179	211	19	firms	firm	NOUN
fbem-10179	211	20	more	more	ADV
fbem-10179	211	21	pragmatic	pragmatic	ADJ
fbem-10179	211	22	and	and	CCONJ
fbem-10179	211	23	cautious	cautious	ADJ
fbem-10179	211	24	in	in	ADP
fbem-10179	211	25	disclosing	disclose	VERB
fbem-10179	211	26	environmental	environmental	ADJ
fbem-10179	211	27	information	information	NOUN
fbem-10179	211	28	so	so	SCONJ
fbem-10179	211	29	as	as	SCONJ
fbem-10179	211	30	not	not	PART
fbem-10179	211	31	to	to	PART
fbem-10179	211	32	draw	draw	VERB
fbem-10179	211	33	wider	wide	ADJ
fbem-10179	211	34	attention	attention	NOUN
fbem-10179	211	35	or	or	CCONJ
fbem-10179	211	36	even	even	ADV
fbem-10179	211	37	regulatory	regulatory	ADJ
fbem-10179	211	38	intervention	intervention	NOUN
fbem-10179	211	39	(	(	PUNCT
fbem-10179	211	40	delgado	delgado	NOUN
fbem-10179	211	41	-	-	PUNCT
fbem-10179	211	42	marquez	marquez	PROPN
fbem-10179	211	43	et	et	PROPN
fbem-10179	211	44	al	al	PROPN
fbem-10179	211	45	.	.	PROPN
fbem-10179	211	46	,	,	PUNCT
fbem-10179	211	47	2017	2017	NUM
fbem-10179	211	48	;	;	PUNCT
fbem-10179	211	49	zheng	zheng	PROPN
fbem-10179	211	50	et	et	PROPN
fbem-10179	211	51	al	al	PROPN
fbem-10179	211	52	.	.	PROPN
fbem-10179	211	53	,	,	PUNCT
fbem-10179	211	54	2020	2020	NUM
fbem-10179	211	55	)	)	PUNCT
fbem-10179	211	56	.	.	PUNCT
fbem-10179	212	1	as	as	SCONJ
fbem-10179	212	2	such	such	ADJ
fbem-10179	212	3	,	,	PUNCT
fbem-10179	212	4	common	common	ADJ
fbem-10179	212	5	institutional	institutional	ADJ
fbem-10179	212	6	ownership	ownership	NOUN
fbem-10179	212	7	could	could	AUX
fbem-10179	212	8	better	well	ADV
fbem-10179	212	9	play	play	VERB
fbem-10179	212	10	the	the	DET
fbem-10179	212	11	synergetic	synergetic	ADJ
fbem-10179	212	12	role	role	NOUN
fbem-10179	212	13	and	and	CCONJ
fbem-10179	212	14	facilitate	facilitate	VERB
fbem-10179	212	15	the	the	DET
fbem-10179	212	16	quality	quality	NOUN
fbem-10179	212	17	of	of	ADP
fbem-10179	212	18	environmental	environmental	ADJ
fbem-10179	212	19	information	information	NOUN
fbem-10179	212	20	disclosure	disclosure	NOUN
fbem-10179	212	21	.	.	PUNCT
fbem-10179	213	1	table	table	NOUN
fbem-10179	213	2	7	7	NUM
fbem-10179	213	3	.	.	PUNCT
fbem-10179	214	1	heterogeneity	heterogeneity	NOUN
fbem-10179	214	2	analysis	analysis	NOUN
fbem-10179	214	3	model	model	NOUN
fbem-10179	214	4	1	1	NUM
fbem-10179	214	5	model	model	NOUN
fbem-10179	214	6	2	2	NUM
fbem-10179	214	7	model	model	NOUN
fbem-10179	214	8	3	3	NUM
fbem-10179	214	9	model	model	NOUN
fbem-10179	214	10	4	4	NUM
fbem-10179	214	11	model	model	NOUN
fbem-10179	214	12	5	5	NUM
fbem-10179	214	13	the	the	DET
fbem-10179	214	14	nature	nature	NOUN
fbem-10179	214	15	of	of	ADP
fbem-10179	214	16	highly	highly	ADV
fbem-10179	214	17	polluting	polluting	ADJ
fbem-10179	214	18	firms	firm	NOUN
fbem-10179	214	19	business	business	NOUN
fbem-10179	214	20	lifecycle	lifecycle	NOUN
fbem-10179	214	21	highly	highly	ADV
fbem-10179	214	22	polluting	pollute	VERB
fbem-10179	214	23	non	non	ADJ
fbem-10179	214	24	-	-	ADJ
fbem-10179	214	25	highly	highly	ADV
fbem-10179	214	26	polluting	polluting	ADJ
fbem-10179	214	27	growth	growth	NOUN
fbem-10179	214	28	mature	mature	ADJ
fbem-10179	214	29	decline	decline	NOUN
fbem-10179	214	30	variables	variable	NOUN
fbem-10179	214	31	eid	eid	PROPN
fbem-10179	214	32	eid	eid	PROPN
fbem-10179	214	33	eid	eid	PROPN
fbem-10179	214	34	eid	eid	PROPN
fbem-10179	214	35	eid	eid	PROPN
fbem-10179	214	36	size	size	NOUN
fbem-10179	214	37	1.651	1.651	NUM
fbem-10179	214	38	*	*	PUNCT
fbem-10179	214	39	*	*	PUNCT
fbem-10179	214	40	*	*	PUNCT
fbem-10179	214	41	(	(	PUNCT
fbem-10179	214	42	13.35	13.35	NUM
fbem-10179	214	43	)	)	PUNCT
fbem-10179	214	44	1.292	1.292	NUM
fbem-10179	214	45	*	*	PUNCT
fbem-10179	214	46	*	*	PUNCT
fbem-10179	214	47	*	*	PUNCT
fbem-10179	214	48	(	(	PUNCT
fbem-10179	214	49	23.90	23.90	NUM
fbem-10179	214	50	)	)	PUNCT
fbem-10179	214	51	1.436	1.436	NUM
fbem-10179	214	52	*	*	PUNCT
fbem-10179	214	53	*	*	PUNCT
fbem-10179	214	54	*	*	PUNCT
fbem-10179	214	55	(	(	PUNCT
fbem-10179	214	56	11.76	11.76	NUM
fbem-10179	214	57	)	)	PUNCT
fbem-10179	214	58	1.594	1.594	NUM
fbem-10179	214	59	*	*	PUNCT
fbem-10179	214	60	*	*	PUNCT
fbem-10179	214	61	*	*	PUNCT
fbem-10179	214	62	(	(	PUNCT
fbem-10179	214	63	26.44	26.44	NUM
fbem-10179	214	64	)	)	PUNCT
fbem-10179	214	65	1.247	1.247	NUM
fbem-10179	214	66	*	*	PUNCT
fbem-10179	214	67	*	*	PUNCT
fbem-10179	214	68	*	*	PUNCT
fbem-10179	214	69	(	(	PUNCT
fbem-10179	214	70	10.41	10.41	NUM
fbem-10179	214	71	)	)	PUNCT
fbem-10179	214	72	age	age	NOUN
fbem-10179	214	73	-0.424	-0.424	PUNCT
fbem-10179	214	74	(	(	PUNCT
fbem-10179	214	75	-1.27	-1.27	NOUN
fbem-10179	214	76	)	)	PUNCT
fbem-10179	214	77	0.502	0.502	NUM
fbem-10179	214	78	*	*	PUNCT
fbem-10179	214	79	*	*	PUNCT
fbem-10179	214	80	*	*	PUNCT
fbem-10179	214	81	(	(	PUNCT
fbem-10179	214	82	3.45	3.45	NUM
fbem-10179	214	83	)	)	PUNCT
fbem-10179	214	84	0.291	0.291	NUM
fbem-10179	214	85	(	(	PUNCT
fbem-10179	214	86	1.46	1.46	NUM
fbem-10179	214	87	)	)	PUNCT
fbem-10179	214	88	0.689	0.689	NUM
fbem-10179	214	89	*	*	PUNCT
fbem-10179	214	90	(	(	PUNCT
fbem-10179	214	91	1.89	1.89	NUM
fbem-10179	214	92	)	)	PUNCT
fbem-10179	214	93	-0.114	-0.114	PUNCT
fbem-10179	214	94	(	(	PUNCT
fbem-10179	214	95	-0.32	-0.32	VERB
fbem-10179	214	96	)	)	PUNCT
fbem-10179	214	97	lev	lev	NOUN
fbem-10179	214	98	0.929	0.929	NUM
fbem-10179	214	99	(	(	PUNCT
fbem-10179	214	100	1.32	1.32	NUM
fbem-10179	214	101	)	)	PUNCT
fbem-10179	214	102	-0.260	-0.260	PUNCT
fbem-10179	214	103	(	(	PUNCT
fbem-10179	214	104	-0.84	-0.84	NOUN
fbem-10179	214	105	)	)	PUNCT
fbem-10179	214	106	-0.309	-0.309	NOUN
fbem-10179	214	107	(	(	PUNCT
fbem-10179	214	108	-0.97	-0.97	NOUN
fbem-10179	214	109	)	)	PUNCT
fbem-10179	214	110	0.931	0.931	NUM
fbem-10179	214	111	(	(	PUNCT
fbem-10179	214	112	1.63	1.63	NUM
fbem-10179	214	113	)	)	PUNCT
fbem-10179	214	114	-0.681	-0.681	CCONJ
fbem-10179	214	115	(	(	PUNCT
fbem-10179	214	116	-1.06	-1.06	NOUN
fbem-10179	214	117	)	)	PUNCT
fbem-10179	214	118	roa	roa	NOUN
fbem-10179	214	119	2.071	2.071	NUM
fbem-10179	214	120	(	(	PUNCT
fbem-10179	214	121	1.00	1.00	NUM
fbem-10179	214	122	)	)	PUNCT
fbem-10179	214	123	2.243	2.243	NUM
fbem-10179	214	124	*	*	PUNCT
fbem-10179	214	125	*	*	PUNCT
fbem-10179	215	1	*	*	PUNCT
fbem-10179	215	2	(	(	PUNCT
fbem-10179	215	3	2.98	2.98	NUM
fbem-10179	215	4	)	)	PUNCT
fbem-10179	215	5	1.182	1.182	NUM
fbem-10179	215	6	(	(	PUNCT
fbem-10179	215	7	1.60	1.60	NUM
fbem-10179	215	8	)	)	PUNCT
fbem-10179	215	9	4.014	4.014	NUM
fbem-10179	215	10	*	*	PUNCT
fbem-10179	215	11	*	*	PUNCT
fbem-10179	215	12	*	*	PUNCT
fbem-10179	215	13	(	(	PUNCT
fbem-10179	215	14	4.28	4.28	NUM
fbem-10179	215	15	)	)	PUNCT
fbem-10179	215	16	2.567	2.567	NUM
fbem-10179	215	17	*	*	SYM
fbem-10179	215	18	(	(	PUNCT
fbem-10179	215	19	1.81	1.81	NUM
fbem-10179	215	20	)	)	PUNCT
fbem-10179	215	21	cashflow	cashflow	ADJ
fbem-10179	215	22	8.285	8.285	NUM
fbem-10179	215	23	*	*	PUNCT
fbem-10179	215	24	*	*	PUNCT
fbem-10179	215	25	*	*	PUNCT
fbem-10179	215	26	(	(	PUNCT
fbem-10179	215	27	4.79	4.79	NUM
fbem-10179	215	28	)	)	PUNCT
fbem-10179	215	29	4.404	4.404	NUM
fbem-10179	215	30	*	*	PUNCT
fbem-10179	215	31	*	*	PUNCT
fbem-10179	215	32	*	*	PUNCT
fbem-10179	215	33	(	(	PUNCT
fbem-10179	215	34	6.22	6.22	NUM
fbem-10179	215	35	)	)	PUNCT
fbem-10179	215	36	4.558	4.558	NUM
fbem-10179	215	37	*	*	PUNCT
fbem-10179	215	38	*	*	PUNCT
fbem-10179	215	39	*	*	PUNCT
fbem-10179	215	40	(	(	PUNCT
fbem-10179	215	41	7.56	7.56	NUM
fbem-10179	215	42	)	)	PUNCT
fbem-10179	215	43	3.946	3.946	NUM
fbem-10179	215	44	*	*	SYM
fbem-10179	215	45	*	*	PUNCT
fbem-10179	215	46	(	(	PUNCT
fbem-10179	215	47	2.36	2.36	NUM
fbem-10179	215	48	)	)	PUNCT
fbem-10179	215	49	6.090	6.090	NUM
fbem-10179	215	50	*	*	PUNCT
fbem-10179	215	51	*	*	PUNCT
fbem-10179	215	52	*	*	PUNCT
fbem-10179	215	53	(	(	PUNCT
fbem-10179	215	54	3.95	3.95	NUM
fbem-10179	215	55	)	)	PUNCT
fbem-10179	215	56	indep	indep	NOUN
fbem-10179	215	57	-8.162	-8.162	PROPN
fbem-10179	215	58	*	*	PUNCT
fbem-10179	215	59	*	*	PUNCT
fbem-10179	215	60	*	*	PUNCT
fbem-10179	215	61	(	(	PUNCT
fbem-10179	215	62	-4.14	-4.14	NOUN
fbem-10179	215	63	)	)	PUNCT
fbem-10179	215	64	0.220	0.220	NUM
fbem-10179	215	65	(	(	PUNCT
fbem-10179	215	66	0.25	0.25	NUM
fbem-10179	215	67	)	)	PUNCT
fbem-10179	215	68	-0.716	-0.716	NOUN
fbem-10179	215	69	(	(	PUNCT
fbem-10179	215	70	-0.78	-0.78	NUM
fbem-10179	215	71	)	)	PUNCT
fbem-10179	215	72	-5.330	-5.330	PROPN
fbem-10179	215	73	*	*	PUNCT
fbem-10179	215	74	*	*	PUNCT
fbem-10179	215	75	*	*	PUNCT
fbem-10179	215	76	(	(	PUNCT
fbem-10179	215	77	-4.25	-4.25	NUM
fbem-10179	215	78	)	)	PUNCT
fbem-10179	215	79	-4.503	-4.503	PROPN
fbem-10179	215	80	*	*	PUNCT
fbem-10179	215	81	*	*	PUNCT
fbem-10179	215	82	(	(	PUNCT
fbem-10179	215	83	-2.36	-2.36	NOUN
fbem-10179	215	84	)	)	PUNCT
fbem-10179	215	85	dual	dual	ADJ
fbem-10179	215	86	-0.931	-0.931	NOUN
fbem-10179	215	87	*	*	PUNCT
fbem-10179	215	88	*	*	PUNCT
fbem-10179	215	89	*	*	PUNCT
fbem-10179	215	90	(	(	PUNCT
fbem-10179	215	91	-4.31	-4.31	NUM
fbem-10179	215	92	)	)	PUNCT
fbem-10179	215	93	-0.192	-0.192	NOUN
fbem-10179	215	94	*	*	PUNCT
fbem-10179	215	95	*	*	PUNCT
fbem-10179	215	96	(	(	PUNCT
fbem-10179	215	97	-2.06	-2.06	NOUN
fbem-10179	215	98	)	)	PUNCT
fbem-10179	215	99	-0.363	-0.363	NOUN
fbem-10179	215	100	*	*	PUNCT
fbem-10179	215	101	*	*	PUNCT
fbem-10179	215	102	*	*	PUNCT
fbem-10179	215	103	(	(	PUNCT
fbem-10179	215	104	-3.60	-3.60	NUM
fbem-10179	215	105	)	)	PUNCT
fbem-10179	215	106	-0.653	-0.653	NOUN
fbem-10179	215	107	*	*	PUNCT
fbem-10179	215	108	*	*	PUNCT
fbem-10179	215	109	*	*	PUNCT
fbem-10179	215	110	(	(	PUNCT
fbem-10179	215	111	-4.85	-4.85	NOUN
fbem-10179	215	112	)	)	PUNCT
fbem-10179	215	113	-0.592	-0.592	PUNCT
fbem-10179	216	1	*	*	PUNCT
fbem-10179	216	2	*	*	PUNCT
fbem-10179	216	3	*	*	PUNCT
fbem-10179	216	4	(	(	PUNCT
fbem-10179	216	5	-2.75	-2.75	NOUN
fbem-10179	216	6	)	)	PUNCT
fbem-10179	216	7	big4	big4	NOUN
fbem-10179	216	8	2.655	2.655	NUM
fbem-10179	216	9	*	*	PUNCT
fbem-10179	216	10	*	*	PUNCT
fbem-10179	216	11	*	*	PUNCT
fbem-10179	216	12	(	(	PUNCT
fbem-10179	216	13	4.21	4.21	NUM
fbem-10179	216	14	)	)	PUNCT
fbem-10179	216	15	0.590	0.590	NUM
fbem-10179	216	16	*	*	PUNCT
fbem-10179	216	17	*	*	PUNCT
fbem-10179	216	18	(	(	PUNCT
fbem-10179	216	19	2.00	2.00	NUM
fbem-10179	216	20	)	)	PUNCT
fbem-10179	216	21	2.527	2.527	NUM
fbem-10179	216	22	*	*	PUNCT
fbem-10179	217	1	*	*	PUNCT
fbem-10179	217	2	*	*	PUNCT
fbem-10179	217	3	(	(	PUNCT
fbem-10179	217	4	6.77	6.77	NUM
fbem-10179	217	5	)	)	PUNCT
fbem-10179	217	6	0.038	0.038	NUM
fbem-10179	217	7	(	(	PUNCT
fbem-10179	217	8	0.09	0.09	NUM
fbem-10179	217	9	)	)	PUNCT
fbem-10179	217	10	-0.718	-0.718	X
fbem-10179	217	11	(	(	PUNCT
fbem-10179	217	12	-0.95	-0.95	NOUN
fbem-10179	217	13	)	)	PUNCT
fbem-10179	217	14	mshare	mshare	NOUN
fbem-10179	217	15	-0.865	-0.865	PUNCT
fbem-10179	217	16	*	*	X
fbem-10179	217	17	(	(	PUNCT
fbem-10179	217	18	-1.71	-1.71	NOUN
fbem-10179	217	19	)	)	PUNCT
fbem-10179	217	20	-0.363	-0.363	NOUN
fbem-10179	217	21	(	(	PUNCT
fbem-10179	217	22	-1.57	-1.57	X
fbem-10179	217	23	)	)	PUNCT
fbem-10179	217	24	-0.216	-0.216	NOUN
fbem-10179	217	25	(	(	PUNCT
fbem-10179	217	26	-0.65	-0.65	NUM
fbem-10179	217	27	)	)	PUNCT
fbem-10179	218	1	-0.801	-0.801	NOUN
fbem-10179	218	2	*	*	PUNCT
fbem-10179	218	3	(	(	PUNCT
fbem-10179	218	4	-1.66	-1.66	NOUN
fbem-10179	218	5	)	)	PUNCT
fbem-10179	218	6	-0.680	-0.680	PUNCT
fbem-10179	218	7	(	(	PUNCT
fbem-10179	218	8	-1.27	-1.27	NOUN
fbem-10179	218	9	)	)	PUNCT
fbem-10179	218	10	top1	top1	PROPN
fbem-10179	218	11	-0.883	-0.883	PUNCT
fbem-10179	218	12	(	(	PUNCT
fbem-10179	218	13	-1.15	-1.15	NOUN
fbem-10179	218	14	)	)	PUNCT
fbem-10179	218	15	-1.145	-1.145	NOUN
fbem-10179	218	16	*	*	PUNCT
fbem-10179	218	17	*	*	PUNCT
fbem-10179	218	18	*	*	PUNCT
fbem-10179	218	19	(	(	PUNCT
fbem-10179	218	20	-3.35	-3.35	NOUN
fbem-10179	218	21	)	)	PUNCT
fbem-10179	218	22	-1.055	-1.055	X
fbem-10179	218	23	(	(	PUNCT
fbem-10179	218	24	-1.26	-1.26	NUM
fbem-10179	218	25	)	)	PUNCT
fbem-10179	218	26	-0.822	-0.822	NOUN
fbem-10179	218	27	(	(	PUNCT
fbem-10179	218	28	-0.83	-0.83	X
fbem-10179	218	29	)	)	PUNCT
fbem-10179	218	30	-1.205	-1.205	PUNCT
fbem-10179	218	31	(	(	PUNCT
fbem-10179	218	32	-1.51	-1.51	X
fbem-10179	218	33	)	)	PUNCT
fbem-10179	218	34	coz	coz	VERB
fbem-10179	218	35	2.149	2.149	NUM
fbem-10179	218	36	*	*	NOUN
fbem-10179	218	37	*	*	PUNCT
fbem-10179	218	38	*	*	PUNCT
fbem-10179	218	39	(	(	PUNCT
fbem-10179	218	40	4.23	4.23	NUM
fbem-10179	218	41	)	)	PUNCT
fbem-10179	218	42	1.133	1.133	NUM
fbem-10179	218	43	*	*	SYM
fbem-10179	218	44	(	(	PUNCT
fbem-10179	218	45	1.68	1.68	NUM
fbem-10179	218	46	)	)	PUNCT
fbem-10179	218	47	0.909	0.909	NUM
fbem-10179	218	48	*	*	PUNCT
fbem-10179	218	49	*	*	PUNCT
fbem-10179	218	50	*	*	PUNCT
fbem-10179	218	51	(	(	PUNCT
fbem-10179	218	52	4.19	4.19	NUM
fbem-10179	218	53	)	)	PUNCT
fbem-10179	218	54	1.901	1.901	NUM
fbem-10179	218	55	*	*	PUNCT
fbem-10179	218	56	*	*	PUNCT
fbem-10179	218	57	*	*	PUNCT
fbem-10179	218	58	(	(	PUNCT
fbem-10179	218	59	4.93	4.93	NUM
fbem-10179	218	60	)	)	PUNCT
fbem-10179	218	61	0.660	0.660	NUM
fbem-10179	218	62	(	(	PUNCT
fbem-10179	218	63	1.20	1.20	NUM
fbem-10179	218	64	)	)	PUNCT
fbem-10179	218	65	constant	constant	ADJ
fbem-10179	218	66	-29.151	-29.151	NOUN
fbem-10179	218	67	*	*	PUNCT
fbem-10179	218	68	*	*	PUNCT
fbem-10179	218	69	*	*	PUNCT
fbem-10179	218	70	(	(	PUNCT
fbem-10179	218	71	-9.67	-9.67	NOUN
fbem-10179	218	72	)	)	PUNCT
fbem-10179	218	73	-25.074	-25.074	PROPN
fbem-10179	218	74	*	*	PUNCT
fbem-10179	219	1	*	*	PUNCT
fbem-10179	219	2	*	*	PUNCT
fbem-10179	219	3	(	(	PUNCT
fbem-10179	219	4	-19.38	-19.38	NOUN
fbem-10179	219	5	)	)	PUNCT
fbem-10179	219	6	-27.558	-27.558	PUNCT
fbem-10179	219	7	*	*	PUNCT
fbem-10179	219	8	*	*	PUNCT
fbem-10179	219	9	*	*	PUNCT
fbem-10179	219	10	(	(	PUNCT
fbem-10179	219	11	-10.85	-10.85	PROPN
fbem-10179	219	12	)	)	PUNCT
fbem-10179	219	13	-31.744	-31.744	PROPN
fbem-10179	219	14	*	*	PUNCT
fbem-10179	219	15	*	*	PUNCT
fbem-10179	219	16	*	*	PUNCT
fbem-10179	219	17	(	(	PUNCT
fbem-10179	219	18	-20.87	-20.87	PROPN
fbem-10179	219	19	)	)	PUNCT
fbem-10179	219	20	-22.529	-22.529	PUNCT
fbem-10179	220	1	*	*	PUNCT
fbem-10179	220	2	*	*	PUNCT
fbem-10179	220	3	*	*	PUNCT
fbem-10179	220	4	(	(	PUNCT
fbem-10179	220	5	-7.46	-7.46	NOUN
fbem-10179	220	6	)	)	PUNCT
fbem-10179	220	7	year	year	NOUN
fbem-10179	220	8	fe	fe	INTJ
fbem-10179	221	1	yes	yes	INTJ
fbem-10179	221	2	yes	yes	INTJ
fbem-10179	222	1	yes	yes	INTJ
fbem-10179	223	1	yes	yes	INTJ
fbem-10179	224	1	yes	yes	INTJ
fbem-10179	224	2	industry	industry	NOUN
fbem-10179	224	3	fe	fe	INTJ
fbem-10179	225	1	yes	yes	INTJ
fbem-10179	225	2	yes	yes	INTJ
fbem-10179	226	1	yes	yes	INTJ
fbem-10179	227	1	yes	yes	INTJ
fbem-10179	228	1	yes	yes	INTJ
fbem-10179	228	2	adjusted	adjust	VERB
fbem-10179	228	3	-	-	PUNCT
fbem-10179	228	4	r2	r2	NOUN
fbem-10179	228	5	0.203	0.203	NUM
fbem-10179	228	6	0.207	0.207	NUM
fbem-10179	228	7	0.214	0.214	NUM
fbem-10179	228	8	0.215	0.215	NUM
fbem-10179	228	9	0.211	0.211	NUM
fbem-10179	228	10	observations	observation	NOUN
fbem-10179	228	11	3948	3948	NUM
fbem-10179	228	12	8803	8803	NUM
fbem-10179	228	13	6351	6351	NUM
fbem-10179	228	14	4126	4126	NUM
fbem-10179	228	15	2274	2274	NUM
fbem-10179	228	16	note	note	NOUN
fbem-10179	228	17	:	:	PUNCT
fbem-10179	228	18	t	t	PROPN
fbem-10179	228	19	-	-	PUNCT
fbem-10179	228	20	statistics	statistic	NOUN
fbem-10179	228	21	in	in	ADP
fbem-10179	228	22	parentheses	parenthesis	NOUN
fbem-10179	228	23	.	.	PUNCT
fbem-10179	229	1	*	*	PUNCT
fbem-10179	230	1	*	*	PUNCT
fbem-10179	230	2	*	*	PUNCT
fbem-10179	230	3	p	p	X
fbem-10179	230	4	<	<	X
fbem-10179	230	5	0.01	0.01	NUM
fbem-10179	230	6	,	,	PUNCT
fbem-10179	230	7	*	*	PUNCT
fbem-10179	230	8	*	*	PUNCT
fbem-10179	230	9	p	p	X
fbem-10179	230	10	<	<	X
fbem-10179	230	11	0.05	0.05	NUM
fbem-10179	230	12	,	,	PUNCT
fbem-10179	230	13	*	*	PUNCT
fbem-10179	230	14	p	p	X
fbem-10179	230	15	<	<	X
fbem-10179	230	16	0.1	0.1	NUM
fbem-10179	230	17	111	111	NUM
fbem-10179	230	18	4.5.2	4.5.2	NUM
fbem-10179	230	19	.	.	PUNCT
fbem-10179	231	1	business	business	NOUN
fbem-10179	231	2	lifecycle	lifecycle	NOUN
fbem-10179	231	3	firms	firm	NOUN
fbem-10179	231	4	are	be	AUX
fbem-10179	231	5	living	live	VERB
fbem-10179	231	6	organizations	organization	NOUN
fbem-10179	231	7	with	with	ADP
fbem-10179	231	8	a	a	DET
fbem-10179	231	9	life	life	NOUN
fbem-10179	231	10	cycle	cycle	NOUN
fbem-10179	231	11	similar	similar	ADJ
fbem-10179	231	12	to	to	ADP
fbem-10179	231	13	that	that	PRON
fbem-10179	231	14	of	of	ADP
fbem-10179	231	15	an	an	DET
fbem-10179	231	16	organism	organism	NOUN
fbem-10179	231	17	from	from	ADP
fbem-10179	231	18	birth	birth	NOUN
fbem-10179	231	19	to	to	ADP
fbem-10179	231	20	death	death	NOUN
fbem-10179	231	21	(	(	PUNCT
fbem-10179	231	22	koh	koh	PROPN
fbem-10179	231	23	et	et	PROPN
fbem-10179	231	24	al	al	PROPN
fbem-10179	231	25	.	.	PROPN
fbem-10179	231	26	,	,	PUNCT
fbem-10179	231	27	2015	2015	NUM
fbem-10179	231	28	;	;	PUNCT
fbem-10179	231	29	zhao	zhao	PROPN
fbem-10179	231	30	et	et	PROPN
fbem-10179	231	31	al	al	PROPN
fbem-10179	231	32	.	.	PROPN
fbem-10179	231	33	,	,	PUNCT
fbem-10179	231	34	2023	2023	NUM
fbem-10179	231	35	)	)	PUNCT
fbem-10179	231	36	.	.	PUNCT
fbem-10179	232	1	early	early	ADJ
fbem-10179	232	2	research	research	NOUN
fbem-10179	232	3	has	have	AUX
fbem-10179	232	4	found	find	VERB
fbem-10179	232	5	that	that	SCONJ
fbem-10179	232	6	,	,	PUNCT
fbem-10179	232	7	in	in	ADP
fbem-10179	232	8	addition	addition	NOUN
fbem-10179	232	9	to	to	ADP
fbem-10179	232	10	age	age	NOUN
fbem-10179	232	11	,	,	PUNCT
fbem-10179	232	12	there	there	PRON
fbem-10179	232	13	are	be	VERB
fbem-10179	232	14	significant	significant	ADJ
fbem-10179	232	15	differences	difference	NOUN
fbem-10179	232	16	in	in	ADP
fbem-10179	232	17	size	size	NOUN
fbem-10179	232	18	,	,	PUNCT
fbem-10179	232	19	profitability	profitability	NOUN
fbem-10179	232	20	,	,	PUNCT
fbem-10179	232	21	investment	investment	NOUN
fbem-10179	232	22	strategy	strategy	NOUN
fbem-10179	232	23	,	,	PUNCT
fbem-10179	232	24	willingness	willingness	NOUN
fbem-10179	232	25	to	to	PART
fbem-10179	232	26	innovate	innovate	VERB
fbem-10179	232	27	and	and	CCONJ
fbem-10179	232	28	research	research	NOUN
fbem-10179	232	29	and	and	CCONJ
fbem-10179	232	30	development	development	NOUN
fbem-10179	232	31	capabilities	capability	NOUN
fbem-10179	232	32	at	at	ADP
fbem-10179	232	33	different	different	ADJ
fbem-10179	232	34	life	life	NOUN
fbem-10179	232	35	cycle	cycle	NOUN
fbem-10179	232	36	stages	stage	NOUN
fbem-10179	232	37	,	,	PUNCT
fbem-10179	232	38	as	as	ADV
fbem-10179	232	39	well	well	ADV
fbem-10179	232	40	as	as	ADP
fbem-10179	232	41	in	in	ADP
fbem-10179	232	42	the	the	DET
fbem-10179	232	43	critical	critical	ADJ
fbem-10179	232	44	constraints	constraint	NOUN
fbem-10179	232	45	on	on	ADP
fbem-10179	232	46	firm	firm	ADJ
fbem-10179	232	47	development	development	NOUN
fbem-10179	232	48	.	.	PUNCT
fbem-10179	233	1	referring	refer	VERB
fbem-10179	233	2	to	to	ADP
fbem-10179	233	3	koh	koh	PROPN
fbem-10179	233	4	et	et	PROPN
fbem-10179	233	5	al	al	PROPN
fbem-10179	233	6	.	.	PROPN
fbem-10179	234	1	(	(	PUNCT
fbem-10179	234	2	2015	2015	NUM
fbem-10179	234	3	)	)	PUNCT
fbem-10179	234	4	and	and	CCONJ
fbem-10179	234	5	other	other	ADJ
fbem-10179	234	6	scholars	scholar	NOUN
fbem-10179	234	7	,	,	PUNCT
fbem-10179	234	8	this	this	DET
fbem-10179	234	9	paper	paper	NOUN
fbem-10179	234	10	uses	use	VERB
fbem-10179	234	11	four	four	NUM
fbem-10179	234	12	variables	variable	NOUN
fbem-10179	234	13	,	,	PUNCT
fbem-10179	234	14	namely	namely	ADV
fbem-10179	234	15	sales	sale	NOUN
fbem-10179	234	16	revenue	revenue	NOUN
fbem-10179	234	17	growth	growth	NOUN
fbem-10179	234	18	rate	rate	NOUN
fbem-10179	234	19	,	,	PUNCT
fbem-10179	234	20	retained	retain	VERB
fbem-10179	234	21	earnings	earning	NOUN
fbem-10179	234	22	rate	rate	NOUN
fbem-10179	234	23	,	,	PUNCT
fbem-10179	234	24	capital	capital	NOUN
fbem-10179	234	25	expenditure	expenditure	NOUN
fbem-10179	234	26	rate	rate	NOUN
fbem-10179	234	27	,	,	PUNCT
fbem-10179	234	28	and	and	CCONJ
fbem-10179	234	29	firm	firm	ADJ
fbem-10179	234	30	age	age	NOUN
fbem-10179	234	31	,	,	PUNCT
fbem-10179	234	32	to	to	PART
fbem-10179	234	33	calculate	calculate	VERB
fbem-10179	234	34	a	a	DET
fbem-10179	234	35	composite	composite	ADJ
fbem-10179	234	36	score	score	NOUN
fbem-10179	234	37	to	to	PART
fbem-10179	234	38	measure	measure	VERB
fbem-10179	234	39	the	the	DET
fbem-10179	234	40	life	life	NOUN
fbem-10179	234	41	cycle	cycle	NOUN
fbem-10179	234	42	of	of	ADP
fbem-10179	234	43	a	a	DET
fbem-10179	234	44	firm	firm	NOUN
fbem-10179	234	45	,	,	PUNCT
fbem-10179	234	46	and	and	CCONJ
fbem-10179	234	47	classifies	classify	VERB
fbem-10179	234	48	the	the	DET
fbem-10179	234	49	different	different	ADJ
fbem-10179	234	50	life	life	NOUN
fbem-10179	234	51	cycles	cycle	NOUN
fbem-10179	234	52	of	of	ADP
fbem-10179	234	53	a	a	DET
fbem-10179	234	54	firm	firm	NOUN
fbem-10179	234	55	according	accord	VERB
fbem-10179	234	56	to	to	ADP
fbem-10179	234	57	the	the	DET
fbem-10179	234	58	criteria	criterion	NOUN
fbem-10179	234	59	that	that	SCONJ
fbem-10179	234	60	about	about	ADV
fbem-10179	234	61	1/4	1/4	NUM
fbem-10179	234	62	of	of	ADP
fbem-10179	234	63	the	the	DET
fbem-10179	234	64	highest	high	ADJ
fbem-10179	234	65	scoring	scoring	NOUN
fbem-10179	234	66	firms	firm	NOUN
fbem-10179	234	67	are	be	AUX
fbem-10179	234	68	growth	growth	NOUN
fbem-10179	234	69	stage	stage	NOUN
fbem-10179	234	70	firms	firm	NOUN
fbem-10179	234	71	,	,	PUNCT
fbem-10179	234	72	about	about	ADV
fbem-10179	234	73	1/4	1/4	NUM
fbem-10179	234	74	of	of	ADP
fbem-10179	234	75	the	the	DET
fbem-10179	234	76	lowest	low	ADJ
fbem-10179	234	77	scoring	scoring	NOUN
fbem-10179	234	78	firms	firm	NOUN
fbem-10179	234	79	are	be	AUX
fbem-10179	234	80	decline	decline	NOUN
fbem-10179	234	81	stage	stage	NOUN
fbem-10179	234	82	firms	firm	NOUN
fbem-10179	234	83	,	,	PUNCT
fbem-10179	234	84	and	and	CCONJ
fbem-10179	234	85	the	the	DET
fbem-10179	234	86	middle	middle	ADJ
fbem-10179	234	87	1/2	1/2	NUM
fbem-10179	234	88	are	be	AUX
fbem-10179	234	89	mature	mature	ADJ
fbem-10179	234	90	stage	stage	NOUN
fbem-10179	234	91	firms	firm	NOUN
fbem-10179	234	92	.	.	PUNCT
fbem-10179	235	1	in	in	ADP
fbem-10179	235	2	models	model	NOUN
fbem-10179	235	3	3	3	NUM
fbem-10179	235	4	and	and	CCONJ
fbem-10179	235	5	4	4	NUM
fbem-10179	235	6	,	,	PUNCT
fbem-10179	235	7	the	the	DET
fbem-10179	235	8	coefficient	coefficient	NOUN
fbem-10179	235	9	of	of	ADP
fbem-10179	235	10	coz	coz	NOUN
fbem-10179	235	11	is	be	AUX
fbem-10179	235	12	significantly	significantly	ADV
fbem-10179	235	13	positive	positive	ADJ
fbem-10179	235	14	(	(	PUNCT
fbem-10179	235	15	β	β	X
fbem-10179	235	16	=	=	SYM
fbem-10179	235	17	0.909	0.909	NUM
fbem-10179	235	18	,	,	PUNCT
fbem-10179	235	19	p	p	X
fbem-10179	235	20	<	<	X
fbem-10179	235	21	.01	.01	NUM
fbem-10179	235	22	;	;	PUNCT
fbem-10179	235	23	β	β	X
fbem-10179	235	24	=	=	SYM
fbem-10179	235	25	1.901	1.901	NUM
fbem-10179	235	26	,	,	PUNCT
fbem-10179	235	27	p	p	X
fbem-10179	235	28	<	<	X
fbem-10179	235	29	.01	.01	NUM
fbem-10179	235	30	)	)	PUNCT
fbem-10179	235	31	,	,	PUNCT
fbem-10179	235	32	which	which	PRON
fbem-10179	235	33	means	mean	VERB
fbem-10179	235	34	that	that	SCONJ
fbem-10179	235	35	compared	compare	VERB
fbem-10179	235	36	to	to	ADP
fbem-10179	235	37	the	the	DET
fbem-10179	235	38	decline	decline	NOUN
fbem-10179	235	39	stage	stage	NOUN
fbem-10179	235	40	firms	firm	NOUN
fbem-10179	235	41	,	,	PUNCT
fbem-10179	235	42	the	the	DET
fbem-10179	235	43	synergistic	synergistic	ADJ
fbem-10179	235	44	governance	governance	NOUN
fbem-10179	235	45	effect	effect	NOUN
fbem-10179	235	46	of	of	ADP
fbem-10179	235	47	common	common	ADJ
fbem-10179	235	48	institutional	institutional	ADJ
fbem-10179	235	49	ownership	ownership	NOUN
fbem-10179	235	50	is	be	AUX
fbem-10179	235	51	more	more	ADV
fbem-10179	235	52	pronounced	pronounce	VERB
fbem-10179	235	53	in	in	ADP
fbem-10179	235	54	the	the	DET
fbem-10179	235	55	growth	growth	NOUN
fbem-10179	235	56	stage	stage	NOUN
fbem-10179	235	57	and	and	CCONJ
fbem-10179	235	58	maturity	maturity	NOUN
fbem-10179	235	59	stage	stage	NOUN
fbem-10179	235	60	firms	firm	NOUN
fbem-10179	235	61	.	.	PUNCT
fbem-10179	236	1	perhaps	perhaps	ADV
fbem-10179	236	2	the	the	DET
fbem-10179	236	3	reason	reason	NOUN
fbem-10179	236	4	for	for	ADP
fbem-10179	236	5	this	this	PRON
fbem-10179	236	6	is	be	AUX
fbem-10179	236	7	that	that	SCONJ
fbem-10179	236	8	during	during	ADP
fbem-10179	236	9	a	a	DET
fbem-10179	236	10	period	period	NOUN
fbem-10179	236	11	of	of	ADP
fbem-10179	236	12	decline	decline	NOUN
fbem-10179	236	13	,	,	PUNCT
fbem-10179	236	14	when	when	SCONJ
fbem-10179	236	15	the	the	DET
fbem-10179	236	16	company	company	NOUN
fbem-10179	236	17	’s	’s	PART
fbem-10179	236	18	market	market	NOUN
fbem-10179	236	19	share	share	NOUN
fbem-10179	236	20	is	be	AUX
fbem-10179	236	21	shrinking	shrink	VERB
fbem-10179	236	22	,	,	PUNCT
fbem-10179	236	23	the	the	DET
fbem-10179	236	24	resources	resource	NOUN
fbem-10179	236	25	available	available	ADJ
fbem-10179	236	26	to	to	ADP
fbem-10179	236	27	it	it	PRON
fbem-10179	236	28	are	be	AUX
fbem-10179	236	29	diminishing	diminish	VERB
fbem-10179	236	30	,	,	PUNCT
fbem-10179	236	31	the	the	DET
fbem-10179	236	32	organization	organization	NOUN
fbem-10179	236	33	is	be	AUX
fbem-10179	236	34	rigid	rigid	ADJ
fbem-10179	236	35	,	,	PUNCT
fbem-10179	236	36	and	and	CCONJ
fbem-10179	236	37	the	the	DET
fbem-10179	236	38	people	people	NOUN
fbem-10179	236	39	within	within	ADP
fbem-10179	236	40	the	the	DET
fbem-10179	236	41	company	company	NOUN
fbem-10179	236	42	have	have	VERB
fbem-10179	236	43	meager	meager	ADJ
fbem-10179	236	44	expectations	expectation	NOUN
fbem-10179	236	45	for	for	ADP
fbem-10179	236	46	the	the	DET
fbem-10179	236	47	future	future	NOUN
fbem-10179	236	48	and	and	CCONJ
fbem-10179	236	49	therefore	therefore	ADV
fbem-10179	236	50	have	have	VERB
fbem-10179	236	51	little	little	ADJ
fbem-10179	236	52	interest	interest	NOUN
fbem-10179	236	53	in	in	ADP
fbem-10179	236	54	manipulating	manipulate	VERB
fbem-10179	236	55	environmental	environmental	ADJ
fbem-10179	236	56	information	information	NOUN
fbem-10179	236	57	(	(	PUNCT
fbem-10179	236	58	santamaria	santamaria	PROPN
fbem-10179	236	59	et	et	PROPN
fbem-10179	236	60	al	al	PROPN
fbem-10179	236	61	.	.	PROPN
fbem-10179	236	62	,	,	PUNCT
fbem-10179	236	63	2021	2021	NUM
fbem-10179	236	64	)	)	PUNCT
fbem-10179	236	65	.	.	PUNCT
fbem-10179	237	1	however	however	ADV
fbem-10179	237	2	,	,	PUNCT
fbem-10179	237	3	during	during	ADP
fbem-10179	237	4	the	the	DET
fbem-10179	237	5	growth	growth	NOUN
fbem-10179	237	6	and	and	CCONJ
fbem-10179	237	7	maturity	maturity	NOUN
fbem-10179	237	8	stage	stage	NOUN
fbem-10179	237	9	of	of	ADP
fbem-10179	237	10	a	a	DET
fbem-10179	237	11	company	company	NOUN
fbem-10179	237	12	,	,	PUNCT
fbem-10179	237	13	the	the	DET
fbem-10179	237	14	company	company	NOUN
fbem-10179	237	15	is	be	AUX
fbem-10179	237	16	in	in	ADP
fbem-10179	237	17	the	the	DET
fbem-10179	237	18	development	development	NOUN
fbem-10179	237	19	stage	stage	NOUN
fbem-10179	237	20	and	and	CCONJ
fbem-10179	237	21	is	be	AUX
fbem-10179	237	22	still	still	ADV
fbem-10179	237	23	exposed	expose	VERB
fbem-10179	237	24	to	to	ADP
fbem-10179	237	25	many	many	ADJ
fbem-10179	237	26	external	external	ADJ
fbem-10179	237	27	threats	threat	NOUN
fbem-10179	237	28	and	and	CCONJ
fbem-10179	237	29	uncertainties	uncertainty	NOUN
fbem-10179	237	30	.	.	PUNCT
fbem-10179	238	1	the	the	DET
fbem-10179	238	2	manipulation	manipulation	NOUN
fbem-10179	238	3	of	of	ADP
fbem-10179	238	4	environmental	environmental	ADJ
fbem-10179	238	5	information	information	NOUN
fbem-10179	238	6	disclosure	disclosure	NOUN
fbem-10179	238	7	by	by	ADP
fbem-10179	238	8	firms	firm	NOUN
fbem-10179	238	9	can	can	AUX
fbem-10179	238	10	give	give	VERB
fbem-10179	238	11	them	they	PRON
fbem-10179	238	12	environmental	environmental	ADJ
fbem-10179	238	13	legitimacy	legitimacy	NOUN
fbem-10179	238	14	and	and	CCONJ
fbem-10179	238	15	therefore	therefore	ADV
fbem-10179	238	16	increase	increase	VERB
fbem-10179	238	17	environmental	environmental	ADJ
fbem-10179	238	18	information	information	NOUN
fbem-10179	238	19	greenwashing	greenwashing	NOUN
fbem-10179	238	20	(	(	PUNCT
fbem-10179	238	21	torelli	torelli	NOUN
fbem-10179	238	22	et	et	PROPN
fbem-10179	238	23	al	al	PROPN
fbem-10179	238	24	.	.	PROPN
fbem-10179	238	25	,	,	PUNCT
fbem-10179	238	26	2019	2019	NUM
fbem-10179	238	27	;	;	PUNCT
fbem-10179	238	28	shea	shea	PROPN
fbem-10179	238	29	&	&	CCONJ
fbem-10179	238	30	hawn	hawn	PROPN
fbem-10179	238	31	,	,	PUNCT
fbem-10179	238	32	2019	2019	NUM
fbem-10179	238	33	)	)	PUNCT
fbem-10179	238	34	.	.	PUNCT
fbem-10179	239	1	5	5	X
fbem-10179	239	2	.	.	X
fbem-10179	239	3	conclusion	conclusion	NOUN
fbem-10179	239	4	and	and	CCONJ
fbem-10179	239	5	discussion	discussion	NOUN
fbem-10179	239	6	5.1	5.1	NUM
fbem-10179	239	7	.	.	PUNCT
fbem-10179	240	1	research	research	NOUN
fbem-10179	240	2	conclusions	conclusion	NOUN
fbem-10179	240	3	in	in	ADP
fbem-10179	240	4	recent	recent	ADJ
fbem-10179	240	5	years	year	NOUN
fbem-10179	240	6	,	,	PUNCT
fbem-10179	240	7	environmental	environmental	ADJ
fbem-10179	240	8	information	information	NOUN
fbem-10179	240	9	has	have	AUX
fbem-10179	240	10	become	become	VERB
fbem-10179	240	11	an	an	DET
fbem-10179	240	12	essential	essential	ADJ
fbem-10179	240	13	part	part	NOUN
fbem-10179	240	14	of	of	ADP
fbem-10179	240	15	corporate	corporate	ADJ
fbem-10179	240	16	information	information	NOUN
fbem-10179	240	17	disclosure	disclosure	NOUN
fbem-10179	240	18	as	as	SCONJ
fbem-10179	240	19	the	the	DET
fbem-10179	240	20	community	community	NOUN
fbem-10179	240	21	has	have	AUX
fbem-10179	240	22	become	become	VERB
fbem-10179	240	23	increasingly	increasingly	ADV
fbem-10179	240	24	concerned	concerned	ADJ
fbem-10179	240	25	about	about	ADP
fbem-10179	240	26	environmental	environmental	ADJ
fbem-10179	240	27	issues	issue	NOUN
fbem-10179	240	28	(	(	PUNCT
fbem-10179	240	29	marquis	marquis	PROPN
fbem-10179	240	30	et	et	PROPN
fbem-10179	240	31	al	al	PROPN
fbem-10179	240	32	.	.	PROPN
fbem-10179	240	33	,	,	PUNCT
fbem-10179	240	34	2016	2016	NUM
fbem-10179	240	35	;	;	PUNCT
fbem-10179	240	36	long	long	ADV
fbem-10179	240	37	et	et	PROPN
fbem-10179	240	38	al	al	PROPN
fbem-10179	240	39	.	.	PROPN
fbem-10179	240	40	,	,	PUNCT
fbem-10179	240	41	2022	2022	NUM
fbem-10179	240	42	;	;	PUNCT
fbem-10179	240	43	lee	lee	PROPN
fbem-10179	240	44	&	&	CCONJ
fbem-10179	240	45	raschke	raschke	PROPN
fbem-10179	240	46	,	,	PUNCT
fbem-10179	240	47	2022	2022	NUM
fbem-10179	240	48	)	)	PUNCT
fbem-10179	240	49	.	.	PUNCT
fbem-10179	241	1	however	however	ADV
fbem-10179	241	2	,	,	PUNCT
fbem-10179	241	3	studies	study	NOUN
fbem-10179	241	4	of	of	ADP
fbem-10179	241	5	chinese	chinese	ADJ
fbem-10179	241	6	companies	company	NOUN
fbem-10179	241	7	have	have	AUX
fbem-10179	241	8	found	find	VERB
fbem-10179	241	9	that	that	SCONJ
fbem-10179	241	10	companies	company	NOUN
fbem-10179	241	11	disclose	disclose	VERB
fbem-10179	241	12	environmental	environmental	ADJ
fbem-10179	241	13	information	information	NOUN
fbem-10179	241	14	selectively	selectively	ADV
fbem-10179	241	15	,	,	PUNCT
fbem-10179	241	16	specifically	specifically	ADV
fbem-10179	241	17	by	by	ADP
fbem-10179	241	18	reporting	report	VERB
fbem-10179	241	19	good	good	ADJ
fbem-10179	241	20	news	news	NOUN
fbem-10179	241	21	but	but	CCONJ
fbem-10179	241	22	not	not	PART
fbem-10179	241	23	bad	bad	ADJ
fbem-10179	241	24	,	,	PUNCT
fbem-10179	241	25	focusing	focus	VERB
fbem-10179	241	26	on	on	ADP
fbem-10179	241	27	qualitative	qualitative	ADJ
fbem-10179	241	28	information	information	NOUN
fbem-10179	241	29	disclosure	disclosure	NOUN
fbem-10179	241	30	and	and	CCONJ
fbem-10179	241	31	neglecting	neglect	VERB
fbem-10179	241	32	quantitative	quantitative	ADJ
fbem-10179	241	33	information	information	NOUN
fbem-10179	241	34	disclosure	disclosure	NOUN
fbem-10179	241	35	,	,	PUNCT
fbem-10179	241	36	and	and	CCONJ
fbem-10179	241	37	the	the	DET
fbem-10179	241	38	overall	overall	ADJ
fbem-10179	241	39	quality	quality	NOUN
fbem-10179	241	40	is	be	AUX
fbem-10179	241	41	low	low	ADJ
fbem-10179	241	42	(	(	PUNCT
fbem-10179	241	43	huang	huang	PROPN
fbem-10179	241	44	&	&	CCONJ
fbem-10179	241	45	chen	chen	PROPN
fbem-10179	241	46	,	,	PUNCT
fbem-10179	241	47	2015	2015	NUM
fbem-10179	241	48	;	;	PUNCT
fbem-10179	241	49	zou	zou	PROPN
fbem-10179	241	50	&	&	CCONJ
fbem-10179	241	51	zhong	zhong	PROPN
fbem-10179	241	52	,	,	PUNCT
fbem-10179	241	53	2022	2022	NUM
fbem-10179	241	54	)	)	PUNCT
fbem-10179	241	55	.	.	PUNCT
fbem-10179	242	1	at	at	ADP
fbem-10179	242	2	present	present	ADJ
fbem-10179	242	3	,	,	PUNCT
fbem-10179	242	4	the	the	DET
fbem-10179	242	5	disclosure	disclosure	NOUN
fbem-10179	242	6	of	of	ADP
fbem-10179	242	7	environmental	environmental	ADJ
fbem-10179	242	8	information	information	NOUN
fbem-10179	242	9	by	by	ADP
fbem-10179	242	10	chinese	chinese	ADJ
fbem-10179	242	11	companies	company	NOUN
fbem-10179	242	12	relies	rely	VERB
fbem-10179	242	13	heavily	heavily	ADV
fbem-10179	242	14	on	on	ADP
fbem-10179	242	15	the	the	DET
fbem-10179	242	16	voluntary	voluntary	ADJ
fbem-10179	242	17	initiative	initiative	NOUN
fbem-10179	242	18	of	of	ADP
fbem-10179	242	19	companies	company	NOUN
fbem-10179	242	20	,	,	PUNCT
fbem-10179	242	21	and	and	CCONJ
fbem-10179	242	22	executives	executive	NOUN
fbem-10179	242	23	have	have	VERB
fbem-10179	242	24	discretionary	discretionary	ADJ
fbem-10179	242	25	power	power	NOUN
fbem-10179	242	26	,	,	PUNCT
fbem-10179	242	27	which	which	PRON
fbem-10179	242	28	has	have	AUX
fbem-10179	242	29	led	lead	VERB
fbem-10179	242	30	to	to	ADP
fbem-10179	242	31	environmental	environmental	ADJ
fbem-10179	242	32	information	information	NOUN
fbem-10179	242	33	disclosure	disclosure	NOUN
fbem-10179	242	34	becoming	become	VERB
fbem-10179	242	35	a	a	DET
fbem-10179	242	36	strategic	strategic	ADJ
fbem-10179	242	37	choice	choice	NOUN
fbem-10179	242	38	for	for	ADP
fbem-10179	242	39	executives	executive	NOUN
fbem-10179	242	40	(	(	PUNCT
fbem-10179	242	41	zou	zou	PROPN
fbem-10179	242	42	&	&	CCONJ
fbem-10179	242	43	zhong	zhong	PROPN
fbem-10179	242	44	,	,	PUNCT
fbem-10179	242	45	2022	2022	NUM
fbem-10179	242	46	)	)	PUNCT
fbem-10179	242	47	.	.	PUNCT
fbem-10179	243	1	hence	hence	ADV
fbem-10179	243	2	,	,	PUNCT
fbem-10179	243	3	it	it	PRON
fbem-10179	243	4	is	be	AUX
fbem-10179	243	5	crucial	crucial	ADJ
fbem-10179	243	6	to	to	PART
fbem-10179	243	7	seek	seek	VERB
fbem-10179	243	8	solutions	solution	NOUN
fbem-10179	243	9	to	to	PART
fbem-10179	243	10	improve	improve	VERB
fbem-10179	243	11	the	the	DET
fbem-10179	243	12	quality	quality	NOUN
fbem-10179	243	13	of	of	ADP
fbem-10179	243	14	environmental	environmental	ADJ
fbem-10179	243	15	information	information	NOUN
fbem-10179	243	16	disclosure	disclosure	NOUN
fbem-10179	243	17	.	.	PUNCT
fbem-10179	244	1	in	in	ADP
fbem-10179	244	2	recent	recent	ADJ
fbem-10179	244	3	years	year	NOUN
fbem-10179	244	4	,	,	PUNCT
fbem-10179	244	5	the	the	DET
fbem-10179	244	6	phenomenon	phenomenon	NOUN
fbem-10179	244	7	of	of	ADP
fbem-10179	244	8	common	common	ADJ
fbem-10179	244	9	institutional	institutional	ADJ
fbem-10179	244	10	ownership	ownership	NOUN
fbem-10179	244	11	has	have	AUX
fbem-10179	244	12	become	become	VERB
fbem-10179	244	13	increasingly	increasingly	ADV
fbem-10179	244	14	widespread	widespread	ADJ
fbem-10179	244	15	in	in	ADP
fbem-10179	244	16	the	the	DET
fbem-10179	244	17	capital	capital	NOUN
fbem-10179	244	18	markets	market	NOUN
fbem-10179	244	19	and	and	CCONJ
fbem-10179	244	20	has	have	AUX
fbem-10179	244	21	had	have	VERB
fbem-10179	244	22	a	a	DET
fbem-10179	244	23	significant	significant	ADJ
fbem-10179	244	24	impact	impact	NOUN
fbem-10179	244	25	on	on	ADP
fbem-10179	244	26	the	the	DET
fbem-10179	244	27	strategic	strategic	ADJ
fbem-10179	244	28	decisions	decision	NOUN
fbem-10179	244	29	of	of	ADP
fbem-10179	244	30	companies	company	NOUN
fbem-10179	244	31	.	.	PUNCT
fbem-10179	245	1	using	use	VERB
fbem-10179	245	2	data	datum	NOUN
fbem-10179	245	3	from	from	ADP
fbem-10179	245	4	chinese	chinese	ADJ
fbem-10179	245	5	listed	list	VERB
fbem-10179	245	6	firms	firm	NOUN
fbem-10179	245	7	from	from	ADP
fbem-10179	245	8	2010	2010	NUM
fbem-10179	245	9	to	to	ADP
fbem-10179	245	10	2021	2021	NUM
fbem-10179	245	11	,	,	PUNCT
fbem-10179	245	12	we	we	PRON
fbem-10179	245	13	empirically	empirically	ADV
fbem-10179	245	14	examine	examine	VERB
fbem-10179	245	15	the	the	DET
fbem-10179	245	16	positive	positive	ADJ
fbem-10179	245	17	relationship	relationship	NOUN
fbem-10179	245	18	between	between	ADP
fbem-10179	245	19	common	common	ADJ
fbem-10179	245	20	institutional	institutional	ADJ
fbem-10179	245	21	ownership	ownership	NOUN
fbem-10179	245	22	and	and	CCONJ
fbem-10179	245	23	the	the	DET
fbem-10179	245	24	quality	quality	NOUN
fbem-10179	245	25	of	of	ADP
fbem-10179	245	26	environmental	environmental	ADJ
fbem-10179	245	27	information	information	NOUN
fbem-10179	245	28	disclosure	disclosure	NOUN
fbem-10179	245	29	.	.	PUNCT
fbem-10179	246	1	the	the	DET
fbem-10179	246	2	study	study	NOUN
fbem-10179	246	3	found	find	VERB
fbem-10179	246	4	that	that	SCONJ
fbem-10179	246	5	common	common	ADJ
fbem-10179	246	6	institutional	institutional	ADJ
fbem-10179	246	7	ownership	ownership	NOUN
fbem-10179	246	8	can	can	AUX
fbem-10179	246	9	improve	improve	VERB
fbem-10179	246	10	the	the	DET
fbem-10179	246	11	quality	quality	NOUN
fbem-10179	246	12	of	of	ADP
fbem-10179	246	13	environmental	environmental	ADJ
fbem-10179	246	14	information	information	NOUN
fbem-10179	246	15	disclosure	disclosure	NOUN
fbem-10179	246	16	.	.	PUNCT
fbem-10179	247	1	the	the	PRON
fbem-10179	247	2	higher	high	ADJ
fbem-10179	247	3	the	the	DET
fbem-10179	247	4	degree	degree	NOUN
fbem-10179	247	5	of	of	ADP
fbem-10179	247	6	their	their	PRON
fbem-10179	247	7	linkage	linkage	NOUN
fbem-10179	247	8	and	and	CCONJ
fbem-10179	247	9	the	the	PRON
fbem-10179	247	10	greater	great	ADJ
fbem-10179	247	11	the	the	DET
fbem-10179	247	12	shareholding	shareholding	NOUN
fbem-10179	247	13	,	,	PUNCT
fbem-10179	247	14	the	the	DET
fbem-10179	247	15	more	more	ADV
fbem-10179	247	16	pronounced	pronounce	VERB
fbem-10179	247	17	the	the	DET
fbem-10179	247	18	synergistic	synergistic	ADJ
fbem-10179	247	19	effect	effect	NOUN
fbem-10179	247	20	.	.	PUNCT
fbem-10179	248	1	the	the	DET
fbem-10179	248	2	findings	finding	NOUN
fbem-10179	248	3	remained	remain	VERB
fbem-10179	248	4	valid	valid	ADJ
fbem-10179	248	5	after	after	ADP
fbem-10179	248	6	testing	testing	NOUN
fbem-10179	248	7	using	use	VERB
fbem-10179	248	8	propensity	propensity	NOUN
fbem-10179	248	9	score	score	NOUN
fbem-10179	248	10	matching	matching	NOUN
fbem-10179	248	11	(	(	PUNCT
fbem-10179	248	12	psm	psm	NOUN
fbem-10179	248	13	)	)	PUNCT
fbem-10179	248	14	and	and	CCONJ
fbem-10179	248	15	changing	change	VERB
fbem-10179	248	16	the	the	DET
fbem-10179	248	17	sample	sample	NOUN
fbem-10179	248	18	period	period	NOUN
fbem-10179	248	19	.	.	PUNCT
fbem-10179	249	1	heterogeneity	heterogeneity	NOUN
fbem-10179	249	2	analysis	analysis	NOUN
fbem-10179	249	3	shows	show	VERB
fbem-10179	249	4	that	that	SCONJ
fbem-10179	249	5	the	the	DET
fbem-10179	249	6	facilitating	facilitate	VERB
fbem-10179	249	7	effect	effect	NOUN
fbem-10179	249	8	of	of	ADP
fbem-10179	249	9	common	common	ADJ
fbem-10179	249	10	institutional	institutional	ADJ
fbem-10179	249	11	ownership	ownership	NOUN
fbem-10179	249	12	on	on	ADP
fbem-10179	249	13	the	the	DET
fbem-10179	249	14	quality	quality	NOUN
fbem-10179	249	15	of	of	ADP
fbem-10179	249	16	environmental	environmental	ADJ
fbem-10179	249	17	information	information	NOUN
fbem-10179	249	18	disclosure	disclosure	NOUN
fbem-10179	249	19	is	be	AUX
fbem-10179	249	20	more	more	ADV
fbem-10179	249	21	pronounced	pronounced	ADJ
fbem-10179	249	22	in	in	ADP
fbem-10179	249	23	high	high	ADJ
fbem-10179	249	24	-	-	PUNCT
fbem-10179	249	25	polluting	pollute	VERB
fbem-10179	249	26	firms	firm	NOUN
fbem-10179	249	27	and	and	CCONJ
fbem-10179	249	28	firms	firm	NOUN
fbem-10179	249	29	which	which	PRON
fbem-10179	249	30	stay	stay	VERB
fbem-10179	249	31	in	in	ADP
fbem-10179	249	32	the	the	DET
fbem-10179	249	33	growth	growth	NOUN
fbem-10179	249	34	and	and	CCONJ
fbem-10179	249	35	maturity	maturity	NOUN
fbem-10179	249	36	stage	stage	NOUN
fbem-10179	249	37	.	.	PUNCT
fbem-10179	250	1	5.2	5.2	NUM
fbem-10179	250	2	.	.	PUNCT
fbem-10179	251	1	theoretical	theoretical	ADJ
fbem-10179	251	2	contributions	contribution	NOUN
fbem-10179	251	3	our	our	PRON
fbem-10179	251	4	study	study	NOUN
fbem-10179	251	5	contributes	contribute	VERB
fbem-10179	251	6	to	to	ADP
fbem-10179	251	7	the	the	DET
fbem-10179	251	8	existing	exist	VERB
fbem-10179	251	9	research	research	NOUN
fbem-10179	251	10	from	from	ADP
fbem-10179	251	11	the	the	DET
fbem-10179	251	12	following	follow	VERB
fbem-10179	251	13	aspects	aspect	NOUN
fbem-10179	251	14	.	.	PUNCT
fbem-10179	252	1	first	first	ADV
fbem-10179	252	2	,	,	PUNCT
fbem-10179	252	3	this	this	DET
fbem-10179	252	4	paper	paper	NOUN
fbem-10179	252	5	contributes	contribute	VERB
fbem-10179	252	6	to	to	ADP
fbem-10179	252	7	research	research	NOUN
fbem-10179	252	8	on	on	ADP
fbem-10179	252	9	the	the	DET
fbem-10179	252	10	quality	quality	NOUN
fbem-10179	252	11	of	of	ADP
fbem-10179	252	12	environmental	environmental	ADJ
fbem-10179	252	13	information	information	NOUN
fbem-10179	252	14	disclosure	disclosure	NOUN
fbem-10179	252	15	.	.	PUNCT
fbem-10179	253	1	research	research	NOUN
fbem-10179	253	2	on	on	ADP
fbem-10179	253	3	the	the	DET
fbem-10179	253	4	factors	factor	NOUN
fbem-10179	253	5	influencing	influence	VERB
fbem-10179	253	6	corporate	corporate	ADJ
fbem-10179	253	7	environmental	environmental	ADJ
fbem-10179	253	8	information	information	NOUN
fbem-10179	253	9	disclosure	disclosure	NOUN
fbem-10179	253	10	has	have	AUX
fbem-10179	253	11	focused	focus	VERB
fbem-10179	253	12	on	on	ADP
fbem-10179	253	13	formal	formal	ADJ
fbem-10179	253	14	institutional	institutional	ADJ
fbem-10179	253	15	pressures	pressure	NOUN
fbem-10179	253	16	,	,	PUNCT
fbem-10179	253	17	informal	informal	ADJ
fbem-10179	253	18	institutional	institutional	ADJ
fbem-10179	253	19	constraints	constraint	NOUN
fbem-10179	253	20	and	and	CCONJ
fbem-10179	253	21	stakeholder	stakeholder	NOUN
fbem-10179	253	22	monitoring	monitoring	NOUN
fbem-10179	253	23	(	(	PUNCT
fbem-10179	253	24	kim	kim	PROPN
fbem-10179	253	25	&	&	CCONJ
fbem-10179	253	26	lyon	lyon	PROPN
fbem-10179	253	27	,	,	PUNCT
fbem-10179	253	28	2011	2011	NUM
fbem-10179	253	29	;	;	PUNCT
fbem-10179	253	30	huang	huang	PROPN
fbem-10179	253	31	et	et	PROPN
fbem-10179	253	32	al	al	PROPN
fbem-10179	253	33	.	.	PROPN
fbem-10179	253	34	,	,	PUNCT
fbem-10179	253	35	2022	2022	NUM
fbem-10179	253	36	)	)	PUNCT
fbem-10179	253	37	.	.	PUNCT
fbem-10179	254	1	scholars	scholar	NOUN
fbem-10179	254	2	have	have	AUX
fbem-10179	254	3	generally	generally	ADV
fbem-10179	254	4	argued	argue	VERB
fbem-10179	254	5	that	that	SCONJ
fbem-10179	254	6	it	it	PRON
fbem-10179	254	7	is	be	AUX
fbem-10179	254	8	difficult	difficult	ADJ
fbem-10179	254	9	for	for	SCONJ
fbem-10179	254	10	companies	company	NOUN
fbem-10179	254	11	to	to	PART
fbem-10179	254	12	avoid	avoid	VERB
fbem-10179	254	13	the	the	DET
fbem-10179	254	14	influence	influence	NOUN
fbem-10179	254	15	of	of	ADP
fbem-10179	254	16	governmental	governmental	ADJ
fbem-10179	254	17	pressure	pressure	NOUN
fbem-10179	254	18	to	to	PART
fbem-10179	254	19	disclose	disclose	VERB
fbem-10179	254	20	environmental	environmental	ADJ
fbem-10179	254	21	information	information	NOUN
fbem-10179	254	22	and	and	CCONJ
fbem-10179	254	23	that	that	SCONJ
fbem-10179	254	24	companies	company	NOUN
fbem-10179	254	25	will	will	AUX
fbem-10179	254	26	choose	choose	VERB
fbem-10179	254	27	to	to	PART
fbem-10179	254	28	meet	meet	VERB
fbem-10179	254	29	the	the	DET
fbem-10179	254	30	regulatory	regulatory	ADJ
fbem-10179	254	31	requirements	requirement	NOUN
fbem-10179	254	32	of	of	ADP
fbem-10179	254	33	governmental	governmental	ADJ
fbem-10179	254	34	authorities	authority	NOUN
fbem-10179	254	35	and	and	CCONJ
fbem-10179	254	36	strive	strive	VERB
fbem-10179	254	37	to	to	PART
fbem-10179	254	38	improve	improve	VERB
fbem-10179	254	39	the	the	DET
fbem-10179	254	40	quality	quality	NOUN
fbem-10179	254	41	of	of	ADP
fbem-10179	254	42	environmental	environmental	ADJ
fbem-10179	254	43	information	information	NOUN
fbem-10179	254	44	disclosure	disclosure	NOUN
fbem-10179	254	45	to	to	PART
fbem-10179	254	46	establish	establish	VERB
fbem-10179	254	47	and	and	CCONJ
fbem-10179	254	48	maintain	maintain	VERB
fbem-10179	254	49	a	a	DET
fbem-10179	254	50	level	level	NOUN
fbem-10179	254	51	of	of	ADP
fbem-10179	254	52	legitimacy	legitimacy	NOUN
fbem-10179	254	53	and	and	CCONJ
fbem-10179	254	54	avoid	avoid	VERB
fbem-10179	254	55	possible	possible	ADJ
fbem-10179	254	56	“	"	PUNCT
fbem-10179	254	57	political	political	ADJ
fbem-10179	254	58	costs	cost	NOUN
fbem-10179	254	59	”	"	PUNCT
fbem-10179	254	60	.	.	PUNCT
fbem-10179	255	1	particularly	particularly	ADV
fbem-10179	255	2	in	in	ADP
fbem-10179	255	3	china	china	PROPN
fbem-10179	255	4	,	,	PUNCT
fbem-10179	255	5	formal	formal	ADJ
fbem-10179	255	6	institutional	institutional	ADJ
fbem-10179	255	7	pressures	pressure	NOUN
fbem-10179	255	8	have	have	AUX
fbem-10179	255	9	not	not	PART
fbem-10179	255	10	been	be	AUX
fbem-10179	255	11	strong	strong	ADJ
fbem-10179	255	12	in	in	ADP
fbem-10179	255	13	explaining	explain	VERB
fbem-10179	255	14	the	the	DET
fbem-10179	255	15	need	need	NOUN
fbem-10179	255	16	for	for	SCONJ
fbem-10179	255	17	companies	company	NOUN
fbem-10179	255	18	to	to	PART
fbem-10179	255	19	improve	improve	VERB
fbem-10179	255	20	the	the	DET
fbem-10179	255	21	quality	quality	NOUN
fbem-10179	255	22	of	of	ADP
fbem-10179	255	23	their	their	PRON
fbem-10179	255	24	environmental	environmental	ADJ
fbem-10179	255	25	disclosures	disclosure	NOUN
fbem-10179	255	26	(	(	PUNCT
fbem-10179	255	27	zou	zou	PROPN
fbem-10179	255	28	&	&	CCONJ
fbem-10179	255	29	zhong	zhong	PROPN
fbem-10179	255	30	,	,	PUNCT
fbem-10179	255	31	2022	2022	NUM
fbem-10179	255	32	)	)	PUNCT
fbem-10179	255	33	.	.	PUNCT
fbem-10179	256	1	although	although	SCONJ
fbem-10179	256	2	environmental	environmental	ADJ
fbem-10179	256	3	information	information	NOUN
fbem-10179	256	4	disclosure	disclosure	NOUN
fbem-10179	256	5	has	have	AUX
fbem-10179	256	6	become	become	VERB
fbem-10179	256	7	an	an	DET
fbem-10179	256	8	important	important	ADJ
fbem-10179	256	9	aspect	aspect	NOUN
fbem-10179	256	10	of	of	ADP
fbem-10179	256	11	a	a	DET
fbem-10179	256	12	company	company	NOUN
fbem-10179	256	13	’s	’s	PART
fbem-10179	256	14	source	source	NOUN
fbem-10179	256	15	of	of	ADP
fbem-10179	256	16	legitimacy	legitimacy	NOUN
fbem-10179	256	17	,	,	PUNCT
fbem-10179	256	18	more	more	ADJ
fbem-10179	256	19	and	and	CCONJ
fbem-10179	256	20	more	more	ADJ
fbem-10179	256	21	companies	company	NOUN
fbem-10179	256	22	are	be	AUX
fbem-10179	256	23	moving	move	VERB
fbem-10179	256	24	from	from	ADP
fbem-10179	256	25	a	a	DET
fbem-10179	256	26	“	"	PUNCT
fbem-10179	256	27	resistant	resistant	ADJ
fbem-10179	256	28	”	"	PUNCT
fbem-10179	256	29	to	to	ADP
fbem-10179	256	30	an	an	DET
fbem-10179	256	31	“	"	PUNCT
fbem-10179	256	32	adaptive	adaptive	ADJ
fbem-10179	256	33	”	"	PUNCT
fbem-10179	256	34	attitude	attitude	NOUN
fbem-10179	256	35	towards	towards	ADP
fbem-10179	256	36	disclosing	disclose	VERB
fbem-10179	256	37	environmental	environmental	ADJ
fbem-10179	256	38	information	information	NOUN
fbem-10179	256	39	(	(	PUNCT
fbem-10179	256	40	berrone	berrone	NOUN
fbem-10179	256	41	et	et	PROPN
fbem-10179	256	42	al	al	PROPN
fbem-10179	256	43	.	.	PROPN
fbem-10179	256	44	,	,	PUNCT
fbem-10179	256	45	2017	2017	NUM
fbem-10179	256	46	)	)	PUNCT
fbem-10179	256	47	.	.	PUNCT
fbem-10179	257	1	however	however	ADV
fbem-10179	257	2	,	,	PUNCT
fbem-10179	257	3	this	this	PRON
fbem-10179	257	4	is	be	AUX
fbem-10179	257	5	often	often	ADV
fbem-10179	257	6	seen	see	VERB
fbem-10179	257	7	as	as	ADP
fbem-10179	257	8	a	a	DET
fbem-10179	257	9	typical	typical	ADJ
fbem-10179	257	10	“	"	PUNCT
fbem-10179	257	11	talkative	talkative	ADJ
fbem-10179	257	12	”	"	PUNCT
fbem-10179	257	13	language	language	NOUN
fbem-10179	257	14	strategy	strategy	NOUN
fbem-10179	257	15	and	and	CCONJ
fbem-10179	257	16	“	"	PUNCT
fbem-10179	257	17	greenwash	greenwash	NOUN
fbem-10179	257	18	”	"	PUNCT
fbem-10179	257	19	impression	impression	NOUN
fbem-10179	257	20	management	management	NOUN
fbem-10179	257	21	,	,	PUNCT
fbem-10179	257	22	seeking	seek	VERB
fbem-10179	257	23	to	to	PART
fbem-10179	257	24	achieve	achieve	VERB
fbem-10179	257	25	the	the	DET
fbem-10179	257	26	lowest	low	ADJ
fbem-10179	257	27	cost	cost	NOUN
fbem-10179	257	28	of	of	ADP
fbem-10179	257	29	environmental	environmental	ADJ
fbem-10179	257	30	regulatory	regulatory	ADJ
fbem-10179	257	31	avoidance	avoidance	NOUN
fbem-10179	257	32	and	and	CCONJ
fbem-10179	257	33	green	green	ADJ
fbem-10179	257	34	reputation	reputation	NOUN
fbem-10179	257	35	building	building	NOUN
fbem-10179	257	36	,	,	PUNCT
fbem-10179	257	37	which	which	PRON
fbem-10179	257	38	often	often	ADV
fbem-10179	257	39	results	result	VERB
fbem-10179	257	40	in	in	ADP
fbem-10179	257	41	lower	low	ADJ
fbem-10179	257	42	quality	quality	NOUN
fbem-10179	257	43	environmental	environmental	ADJ
fbem-10179	257	44	information	information	NOUN
fbem-10179	257	45	disclosure	disclosure	NOUN
fbem-10179	257	46	(	(	PUNCT
fbem-10179	257	47	amores	amore	NOUN
fbem-10179	257	48	-	-	PUNCT
fbem-10179	257	49	salvado	salvado	NOUN
fbem-10179	257	50	et	et	PROPN
fbem-10179	257	51	al	al	PROPN
fbem-10179	257	52	.	.	PROPN
fbem-10179	257	53	,	,	PUNCT
fbem-10179	257	54	2022	2022	NUM
fbem-10179	257	55	;	;	PUNCT
fbem-10179	257	56	coen	coen	PROPN
fbem-10179	257	57	et	et	PROPN
fbem-10179	257	58	al	al	PROPN
fbem-10179	257	59	.	.	PROPN
fbem-10179	257	60	,	,	PUNCT
fbem-10179	257	61	2022	2022	NUM
fbem-10179	257	62	)	)	PUNCT
fbem-10179	257	63	.	.	PUNCT
fbem-10179	258	1	compared	compare	VERB
fbem-10179	258	2	to	to	ADP
fbem-10179	258	3	developed	develop	VERB
fbem-10179	258	4	countries	country	NOUN
fbem-10179	258	5	,	,	PUNCT
fbem-10179	258	6	in	in	ADP
fbem-10179	258	7	china	china	PROPN
fbem-10179	258	8	,	,	PUNCT
fbem-10179	258	9	the	the	DET
fbem-10179	258	10	attention	attention	NOUN
fbem-10179	258	11	and	and	CCONJ
fbem-10179	258	12	research	research	NOUN
fbem-10179	258	13	on	on	ADP
fbem-10179	258	14	corporate	corporate	ADJ
fbem-10179	258	15	environmental	environmental	ADJ
fbem-10179	258	16	information	information	NOUN
fbem-10179	258	17	disclosure	disclosure	NOUN
fbem-10179	258	18	started	start	VERB
fbem-10179	258	19	later	later	ADV
fbem-10179	258	20	,	,	PUNCT
fbem-10179	258	21	and	and	CCONJ
fbem-10179	258	22	the	the	DET
fbem-10179	258	23	relevant	relevant	ADJ
fbem-10179	258	24	laws	law	NOUN
fbem-10179	258	25	,	,	PUNCT
fbem-10179	258	26	regulations	regulation	NOUN
fbem-10179	258	27	and	and	CCONJ
fbem-10179	258	28	policies	policy	NOUN
fbem-10179	258	29	and	and	CCONJ
fbem-10179	258	30	regulatory	regulatory	ADJ
fbem-10179	258	31	systems	system	NOUN
fbem-10179	258	32	are	be	AUX
fbem-10179	258	33	less	less	ADV
fbem-10179	258	34	well	well	ADV
fbem-10179	258	35	developed	develop	VERB
fbem-10179	258	36	(	(	PUNCT
fbem-10179	258	37	huang	huang	PROPN
fbem-10179	258	38	&	&	CCONJ
fbem-10179	258	39	chen	chen	PROPN
fbem-10179	258	40	,	,	PUNCT
fbem-10179	258	41	2015	2015	NUM
fbem-10179	258	42	)	)	PUNCT
fbem-10179	258	43	.	.	PUNCT
fbem-10179	259	1	this	this	DET
fbem-10179	259	2	paper	paper	NOUN
fbem-10179	259	3	seeks	seek	VERB
fbem-10179	259	4	to	to	PART
fbem-10179	259	5	contribute	contribute	VERB
fbem-10179	259	6	to	to	ADP
fbem-10179	259	7	the	the	DET
fbem-10179	259	8	study	study	NOUN
fbem-10179	259	9	of	of	ADP
fbem-10179	259	10	how	how	SCONJ
fbem-10179	259	11	to	to	PART
fbem-10179	259	12	effectively	effectively	ADV
fbem-10179	259	13	improve	improve	VERB
fbem-10179	259	14	the	the	DET
fbem-10179	259	15	quality	quality	NOUN
fbem-10179	259	16	of	of	ADP
fbem-10179	259	17	environmental	environmental	ADJ
fbem-10179	259	18	information	information	NOUN
fbem-10179	259	19	disclosure	disclosure	NOUN
fbem-10179	259	20	by	by	ADP
fbem-10179	259	21	identifying	identify	VERB
fbem-10179	259	22	the	the	DET
fbem-10179	259	23	common	common	ADJ
fbem-10179	259	24	institutional	institutional	ADJ
fbem-10179	259	25	ownership	ownership	NOUN
fbem-10179	259	26	from	from	ADP
fbem-10179	259	27	the	the	DET
fbem-10179	259	28	perspective	perspective	NOUN
fbem-10179	259	29	of	of	ADP
fbem-10179	259	30	external	external	ADJ
fbem-10179	259	31	governance	governance	NOUN
fbem-10179	259	32	mechanisms	mechanism	NOUN
fbem-10179	259	33	.	.	PUNCT
fbem-10179	260	1	second	second	ADJ
fbem-10179	260	2	,	,	PUNCT
fbem-10179	260	3	this	this	DET
fbem-10179	260	4	paper	paper	NOUN
fbem-10179	260	5	enriches	enrich	VERB
fbem-10179	260	6	the	the	DET
fbem-10179	260	7	research	research	NOUN
fbem-10179	260	8	on	on	ADP
fbem-10179	260	9	the	the	DET
fbem-10179	260	10	economic	economic	ADJ
fbem-10179	260	11	consequences	consequence	NOUN
fbem-10179	260	12	of	of	ADP
fbem-10179	260	13	common	common	ADJ
fbem-10179	260	14	institutional	institutional	ADJ
fbem-10179	260	15	ownership	ownership	NOUN
fbem-10179	260	16	.	.	PUNCT
fbem-10179	261	1	the	the	DET
fbem-10179	261	2	corporate	corporate	ADJ
fbem-10179	261	3	governance	governance	NOUN
fbem-10179	261	4	role	role	NOUN
fbem-10179	261	5	of	of	ADP
fbem-10179	261	6	common	common	ADJ
fbem-10179	261	7	institutional	institutional	ADJ
fbem-10179	261	8	ownership	ownership	NOUN
fbem-10179	261	9	has	have	AUX
fbem-10179	261	10	attracted	attract	VERB
fbem-10179	261	11	much	much	ADJ
fbem-10179	261	12	attention	attention	NOUN
fbem-10179	261	13	from	from	ADP
fbem-10179	261	14	academics	academic	NOUN
fbem-10179	261	15	and	and	CCONJ
fbem-10179	261	16	industry	industry	NOUN
fbem-10179	261	17	in	in	ADP
fbem-10179	261	18	recent	recent	ADJ
fbem-10179	261	19	years	year	NOUN
fbem-10179	261	20	(	(	PUNCT
fbem-10179	261	21	schmalz	schmalz	PROPN
fbem-10179	261	22	,	,	PUNCT
fbem-10179	261	23	2018	2018	NUM
fbem-10179	261	24	;	;	PUNCT
fbem-10179	261	25	gao	gao	PROPN
fbem-10179	261	26	et	et	PROPN
fbem-10179	261	27	al	al	PROPN
fbem-10179	261	28	.	.	PROPN
fbem-10179	261	29	,	,	PUNCT
fbem-10179	261	30	2019	2019	NUM
fbem-10179	261	31	;	;	PUNCT
fbem-10179	261	32	koch	koch	PROPN
fbem-10179	261	33	et	et	PROPN
fbem-10179	261	34	al	al	PROPN
fbem-10179	261	35	.	.	PROPN
fbem-10179	261	36	,	,	PUNCT
fbem-10179	261	37	2021	2021	NUM
fbem-10179	261	38	)	)	PUNCT
fbem-10179	261	39	.	.	PUNCT
fbem-10179	262	1	however	however	ADV
fbem-10179	262	2	,	,	PUNCT
fbem-10179	262	3	there	there	PRON
fbem-10179	262	4	is	be	VERB
fbem-10179	262	5	no	no	DET
fbem-10179	262	6	unanimous	unanimous	ADJ
fbem-10179	262	7	conclusion	conclusion	NOUN
fbem-10179	262	8	on	on	ADP
fbem-10179	262	9	the	the	DET
fbem-10179	262	10	corporate	corporate	ADJ
fbem-10179	262	11	governance	governance	NOUN
fbem-10179	262	12	role	role	NOUN
fbem-10179	262	13	of	of	ADP
fbem-10179	262	14	common	common	ADJ
fbem-10179	262	15	institutional	institutional	ADJ
fbem-10179	262	16	ownership	ownership	NOUN
fbem-10179	262	17	.	.	PUNCT
fbem-10179	263	1	there	there	PRON
fbem-10179	263	2	are	be	VERB
fbem-10179	263	3	two	two	NUM
fbem-10179	263	4	main	main	ADJ
fbem-10179	263	5	types	type	NOUN
fbem-10179	263	6	of	of	ADP
fbem-10179	263	7	views	view	NOUN
fbem-10179	263	8	:	:	PUNCT
fbem-10179	263	9	“	"	PUNCT
fbem-10179	263	10	synergistic	synergistic	ADJ
fbem-10179	263	11	governance	governance	NOUN
fbem-10179	263	12	”	"	PUNCT
fbem-10179	263	13	and	and	CCONJ
fbem-10179	263	14	“	"	PUNCT
fbem-10179	263	15	collusive	collusive	ADJ
fbem-10179	263	16	fraud	fraud	NOUN
fbem-10179	263	17	”	"	PUNCT
fbem-10179	263	18	:	:	PUNCT
fbem-10179	263	19	some	some	DET
fbem-10179	263	20	studies	study	NOUN
fbem-10179	263	21	suggest	suggest	VERB
fbem-10179	263	22	that	that	SCONJ
fbem-10179	263	23	common	common	ADJ
fbem-10179	263	24	institutional	institutional	ADJ
fbem-10179	263	25	ownership	ownership	NOUN
fbem-10179	263	26	has	have	VERB
fbem-10179	263	27	synergistic	synergistic	ADJ
fbem-10179	263	28	governance	governance	NOUN
fbem-10179	263	29	effects	effect	NOUN
fbem-10179	263	30	and	and	CCONJ
fbem-10179	263	31	can	can	AUX
fbem-10179	263	32	improve	improve	VERB
fbem-10179	263	33	m&a	m&a	PROPN
fbem-10179	263	34	performance	performance	NOUN
fbem-10179	263	35	(	(	PUNCT
fbem-10179	263	36	brooks	brooks	PROPN
fbem-10179	263	37	et	et	PROPN
fbem-10179	263	38	al	al	PROPN
fbem-10179	263	39	.	.	PROPN
fbem-10179	263	40	,	,	PUNCT
fbem-10179	263	41	2018	2018	NUM
fbem-10179	263	42	)	)	PUNCT
fbem-10179	263	43	,	,	PUNCT
fbem-10179	263	44	as	as	ADV
fbem-10179	263	45	well	well	ADV
fbem-10179	263	46	as	as	ADP
fbem-10179	263	47	curbing	curb	VERB
fbem-10179	263	48	corporate	corporate	ADJ
fbem-10179	263	49	surplus	surplus	NOUN
fbem-10179	263	50	management	management	NOUN
fbem-10179	263	51	(	(	PUNCT
fbem-10179	263	52	ramalingegowda	ramalingegowda	VERB
fbem-10179	263	53	et	et	PROPN
fbem-10179	263	54	al	al	PROPN
fbem-10179	263	55	.	.	PROPN
fbem-10179	263	56	,	,	PUNCT
fbem-10179	263	57	2020	2020	NUM
fbem-10179	263	58	)	)	PUNCT
fbem-10179	263	59	.	.	PUNCT
fbem-10179	264	1	some	some	DET
fbem-10179	264	2	studies	study	NOUN
fbem-10179	264	3	have	have	AUX
fbem-10179	264	4	also	also	ADV
fbem-10179	264	5	taken	take	VERB
fbem-10179	264	6	the	the	DET
fbem-10179	264	7	opposite	opposite	ADJ
fbem-10179	264	8	view	view	NOUN
fbem-10179	264	9	,	,	PUNCT
fbem-10179	264	10	arguing	argue	VERB
fbem-10179	264	11	that	that	SCONJ
fbem-10179	264	12	common	common	ADJ
fbem-10179	264	13	institutional	institutional	ADJ
fbem-10179	264	14	ownership	ownership	NOUN
fbem-10179	264	15	engages	engage	VERB
fbem-10179	264	16	in	in	ADP
fbem-10179	264	17	collusive	collusive	ADJ
fbem-10179	264	18	fraud	fraud	NOUN
fbem-10179	264	19	with	with	ADP
fbem-10179	264	20	the	the	DET
fbem-10179	264	21	firms	firm	NOUN
fbem-10179	264	22	it	it	PRON
fbem-10179	264	23	is	be	AUX
fbem-10179	264	24	linked	link	VERB
fbem-10179	264	25	to	to	ADP
fbem-10179	264	26	,	,	PUNCT
fbem-10179	264	27	distorting	distort	VERB
fbem-10179	264	28	the	the	DET
fbem-10179	264	29	112	112	NUM
fbem-10179	264	30	market	market	NOUN
fbem-10179	264	31	price	price	NOUN
fbem-10179	264	32	mechanism	mechanism	NOUN
fbem-10179	264	33	and	and	CCONJ
fbem-10179	264	34	making	make	VERB
fbem-10179	264	35	the	the	DET
fbem-10179	264	36	market	market	NOUN
fbem-10179	264	37	less	less	ADV
fbem-10179	264	38	competitive	competitive	ADJ
fbem-10179	264	39	(	(	PUNCT
fbem-10179	264	40	azar	azar	PROPN
fbem-10179	264	41	et	et	PROPN
fbem-10179	264	42	al	al	PROPN
fbem-10179	264	43	.	.	PROPN
fbem-10179	264	44	,	,	PUNCT
fbem-10179	264	45	2018	2018	NUM
fbem-10179	264	46	)	)	PUNCT
fbem-10179	264	47	.	.	PUNCT
fbem-10179	265	1	we	we	PRON
fbem-10179	265	2	argue	argue	VERB
fbem-10179	265	3	that	that	SCONJ
fbem-10179	265	4	the	the	DET
fbem-10179	265	5	“	"	PUNCT
fbem-10179	265	6	collaborative	collaborative	ADJ
fbem-10179	265	7	governance	governance	NOUN
fbem-10179	265	8	”	"	PUNCT
fbem-10179	265	9	or	or	CCONJ
fbem-10179	265	10	“	"	PUNCT
fbem-10179	265	11	collusive	collusive	ADJ
fbem-10179	265	12	fraud	fraud	NOUN
fbem-10179	265	13	”	"	PUNCT
fbem-10179	265	14	effect	effect	NOUN
fbem-10179	265	15	of	of	ADP
fbem-10179	265	16	common	common	ADJ
fbem-10179	265	17	institutional	institutional	ADJ
fbem-10179	265	18	ownership	ownership	NOUN
fbem-10179	265	19	may	may	AUX
fbem-10179	265	20	be	be	AUX
fbem-10179	265	21	related	relate	VERB
fbem-10179	265	22	to	to	ADP
fbem-10179	265	23	the	the	DET
fbem-10179	265	24	firm	firm	NOUN
fbem-10179	265	25	’s	’s	PART
fbem-10179	265	26	business	business	NOUN
fbem-10179	265	27	activities	activity	NOUN
fbem-10179	265	28	,	,	PUNCT
fbem-10179	265	29	level	level	NOUN
fbem-10179	265	30	of	of	ADP
fbem-10179	265	31	governance	governance	NOUN
fbem-10179	265	32	,	,	PUNCT
fbem-10179	265	33	and	and	CCONJ
fbem-10179	265	34	resource	resource	NOUN
fbem-10179	265	35	allocation	allocation	NOUN
fbem-10179	265	36	.	.	PUNCT
fbem-10179	266	1	this	this	DET
fbem-10179	266	2	paper	paper	NOUN
fbem-10179	266	3	finds	find	VERB
fbem-10179	266	4	that	that	SCONJ
fbem-10179	266	5	common	common	ADJ
fbem-10179	266	6	institutional	institutional	ADJ
fbem-10179	266	7	ownership	ownership	NOUN
fbem-10179	266	8	can	can	AUX
fbem-10179	266	9	improve	improve	VERB
fbem-10179	266	10	the	the	DET
fbem-10179	266	11	quality	quality	NOUN
fbem-10179	266	12	of	of	ADP
fbem-10179	266	13	environmental	environmental	ADJ
fbem-10179	266	14	information	information	NOUN
fbem-10179	266	15	disclosure	disclosure	NOUN
fbem-10179	266	16	.	.	PUNCT
fbem-10179	267	1	besides	besides	SCONJ
fbem-10179	267	2	,	,	PUNCT
fbem-10179	267	3	the	the	DET
fbem-10179	267	4	promoting	promote	VERB
fbem-10179	267	5	effect	effect	NOUN
fbem-10179	267	6	of	of	ADP
fbem-10179	267	7	common	common	ADJ
fbem-10179	267	8	institutional	institutional	ADJ
fbem-10179	267	9	ownership	ownership	NOUN
fbem-10179	267	10	on	on	ADP
fbem-10179	267	11	the	the	DET
fbem-10179	267	12	quality	quality	NOUN
fbem-10179	267	13	of	of	ADP
fbem-10179	267	14	environmental	environmental	ADJ
fbem-10179	267	15	information	information	NOUN
fbem-10179	267	16	disclosure	disclosure	NOUN
fbem-10179	267	17	is	be	AUX
fbem-10179	267	18	more	more	ADV
fbem-10179	267	19	pronounced	pronounced	ADJ
fbem-10179	267	20	in	in	ADP
fbem-10179	267	21	high	high	ADJ
fbem-10179	267	22	-	-	PUNCT
fbem-10179	267	23	polluting	pollute	VERB
fbem-10179	267	24	firms	firm	NOUN
fbem-10179	267	25	and	and	CCONJ
fbem-10179	267	26	firms	firm	NOUN
fbem-10179	267	27	that	that	PRON
fbem-10179	267	28	stay	stay	VERB
fbem-10179	267	29	in	in	ADP
fbem-10179	267	30	the	the	DET
fbem-10179	267	31	growth	growth	NOUN
fbem-10179	267	32	and	and	CCONJ
fbem-10179	267	33	maturity	maturity	NOUN
fbem-10179	267	34	stage	stage	NOUN
fbem-10179	267	35	.	.	PUNCT
fbem-10179	268	1	5.3	5.3	NUM
fbem-10179	268	2	.	.	PUNCT
fbem-10179	268	3	practical	practical	ADJ
fbem-10179	268	4	implications	implication	NOUN
fbem-10179	268	5	firstly	firstly	ADV
fbem-10179	268	6	,	,	PUNCT
fbem-10179	268	7	the	the	DET
fbem-10179	268	8	environmental	environmental	ADJ
fbem-10179	268	9	information	information	NOUN
fbem-10179	268	10	disclosure	disclosure	NOUN
fbem-10179	268	11	system	system	NOUN
fbem-10179	268	12	should	should	AUX
fbem-10179	268	13	be	be	AUX
fbem-10179	268	14	improved	improve	VERB
fbem-10179	268	15	.	.	PUNCT
fbem-10179	269	1	the	the	DET
fbem-10179	269	2	realization	realization	NOUN
fbem-10179	269	3	of	of	ADP
fbem-10179	269	4	the	the	DET
fbem-10179	269	5	green	green	ADJ
fbem-10179	269	6	transformation	transformation	NOUN
fbem-10179	269	7	requires	require	VERB
fbem-10179	269	8	firms	firm	NOUN
fbem-10179	269	9	to	to	PART
fbem-10179	269	10	reduce	reduce	VERB
fbem-10179	269	11	or	or	CCONJ
fbem-10179	269	12	even	even	ADV
fbem-10179	269	13	eliminate	eliminate	VERB
fbem-10179	269	14	greenwashing	greenwashing	NOUN
fbem-10179	269	15	behaviour	behaviour	NOUN
fbem-10179	269	16	,	,	PUNCT
fbem-10179	269	17	improve	improve	VERB
fbem-10179	269	18	the	the	DET
fbem-10179	269	19	quality	quality	NOUN
fbem-10179	269	20	of	of	ADP
fbem-10179	269	21	environmental	environmental	ADJ
fbem-10179	269	22	information	information	NOUN
fbem-10179	269	23	disclosure	disclosure	NOUN
fbem-10179	269	24	and	and	CCONJ
fbem-10179	269	25	faithfully	faithfully	ADV
fbem-10179	269	26	assume	assume	VERB
fbem-10179	269	27	their	their	PRON
fbem-10179	269	28	environmental	environmental	ADJ
fbem-10179	269	29	responsibility	responsibility	NOUN
fbem-10179	269	30	.	.	PUNCT
fbem-10179	270	1	in	in	ADP
fbem-10179	270	2	china	china	PROPN
fbem-10179	270	3	,	,	PUNCT
fbem-10179	270	4	environmental	environmental	ADJ
fbem-10179	270	5	information	information	NOUN
fbem-10179	270	6	disclosure	disclosure	NOUN
fbem-10179	270	7	by	by	ADP
fbem-10179	270	8	firms	firm	NOUN
fbem-10179	270	9	is	be	AUX
fbem-10179	270	10	often	often	ADV
fbem-10179	270	11	a	a	DET
fbem-10179	270	12	mere	mere	ADJ
fbem-10179	270	13	formality	formality	NOUN
fbem-10179	270	14	,	,	PUNCT
fbem-10179	270	15	and	and	CCONJ
fbem-10179	270	16	the	the	DET
fbem-10179	270	17	phenomenon	phenomenon	NOUN
fbem-10179	270	18	of	of	ADP
fbem-10179	270	19	reporting	report	VERB
fbem-10179	270	20	good	good	ADJ
fbem-10179	270	21	news	news	NOUN
fbem-10179	270	22	rather	rather	ADV
fbem-10179	270	23	than	than	ADP
fbem-10179	270	24	bad	bad	ADJ
fbem-10179	270	25	is	be	AUX
fbem-10179	270	26	very	very	ADV
fbem-10179	270	27	prominent	prominent	ADJ
fbem-10179	270	28	.	.	PUNCT
fbem-10179	271	1	regarding	regard	VERB
fbem-10179	271	2	environmental	environmental	ADJ
fbem-10179	271	3	information	information	NOUN
fbem-10179	271	4	disclosure	disclosure	NOUN
fbem-10179	271	5	,	,	PUNCT
fbem-10179	271	6	the	the	DET
fbem-10179	271	7	most	most	ADV
fbem-10179	271	8	critical	critical	ADJ
fbem-10179	271	9	question	question	NOUN
fbem-10179	271	10	is	be	AUX
fbem-10179	271	11	not	not	PART
fbem-10179	271	12	what	what	PRON
fbem-10179	271	13	has	have	AUX
fbem-10179	271	14	been	be	AUX
fbem-10179	271	15	disclosed	disclose	VERB
fbem-10179	271	16	but	but	CCONJ
fbem-10179	271	17	what	what	PRON
fbem-10179	271	18	has	have	AUX
fbem-10179	271	19	not	not	PART
fbem-10179	271	20	been	be	AUX
fbem-10179	271	21	disclosed	disclose	VERB
fbem-10179	271	22	and	and	CCONJ
fbem-10179	271	23	how	how	SCONJ
fbem-10179	271	24	truthful	truthful	ADJ
fbem-10179	271	25	the	the	DET
fbem-10179	271	26	disclosure	disclosure	NOUN
fbem-10179	271	27	is	be	AUX
fbem-10179	271	28	(	(	PUNCT
fbem-10179	271	29	donia	donia	PROPN
fbem-10179	271	30	&	&	CCONJ
fbem-10179	271	31	sirsly	sirsly	ADV
fbem-10179	271	32	,	,	PUNCT
fbem-10179	271	33	2016	2016	NUM
fbem-10179	271	34	;	;	PUNCT
fbem-10179	271	35	dahlmann	dahlmann	PROPN
fbem-10179	271	36	et	et	PROPN
fbem-10179	271	37	al	al	PROPN
fbem-10179	271	38	.	.	PROPN
fbem-10179	271	39	,	,	PUNCT
fbem-10179	271	40	2019	2019	NUM
fbem-10179	271	41	)	)	PUNCT
fbem-10179	271	42	.	.	PUNCT
fbem-10179	272	1	although	although	SCONJ
fbem-10179	272	2	the	the	DET
fbem-10179	272	3	current	current	ADJ
fbem-10179	272	4	government	government	NOUN
fbem-10179	272	5	regulators	regulator	NOUN
fbem-10179	272	6	have	have	AUX
fbem-10179	272	7	formulated	formulate	VERB
fbem-10179	272	8	and	and	CCONJ
fbem-10179	272	9	released	release	VERB
fbem-10179	272	10	a	a	DET
fbem-10179	272	11	version	version	NOUN
fbem-10179	272	12	of	of	ADP
fbem-10179	272	13	the	the	DET
fbem-10179	272	14	environmental	environmental	ADJ
fbem-10179	272	15	information	information	NOUN
fbem-10179	272	16	disclosure	disclosure	NOUN
fbem-10179	272	17	rules	rule	NOUN
fbem-10179	272	18	,	,	PUNCT
fbem-10179	272	19	the	the	DET
fbem-10179	272	20	disclosure	disclosure	NOUN
fbem-10179	272	21	of	of	ADP
fbem-10179	272	22	environmental	environmental	ADJ
fbem-10179	272	23	information	information	NOUN
fbem-10179	272	24	by	by	ADP
fbem-10179	272	25	listed	list	VERB
fbem-10179	272	26	companies	company	NOUN
fbem-10179	272	27	has	have	VERB
fbem-10179	272	28	its	its	PRON
fbem-10179	272	29	own	own	ADJ
fbem-10179	272	30	autonomy	autonomy	NOUN
fbem-10179	272	31	and	and	CCONJ
fbem-10179	272	32	discretion	discretion	NOUN
fbem-10179	272	33	and	and	CCONJ
fbem-10179	272	34	is	be	AUX
fbem-10179	272	35	not	not	PART
fbem-10179	272	36	mandatory	mandatory	ADJ
fbem-10179	272	37	(	(	PUNCT
fbem-10179	272	38	huang	huang	PROPN
fbem-10179	272	39	&	&	CCONJ
fbem-10179	272	40	chen	chen	PROPN
fbem-10179	272	41	,	,	PUNCT
fbem-10179	272	42	2015	2015	NUM
fbem-10179	272	43	)	)	PUNCT
fbem-10179	272	44	.	.	PUNCT
fbem-10179	273	1	at	at	ADP
fbem-10179	273	2	present	present	ADJ
fbem-10179	273	3	,	,	PUNCT
fbem-10179	273	4	china	china	PROPN
fbem-10179	273	5	is	be	AUX
fbem-10179	273	6	facing	face	VERB
fbem-10179	273	7	increasingly	increasingly	ADV
fbem-10179	273	8	serious	serious	ADJ
fbem-10179	273	9	environmental	environmental	ADJ
fbem-10179	273	10	protection	protection	NOUN
fbem-10179	273	11	problems	problem	NOUN
fbem-10179	273	12	,	,	PUNCT
fbem-10179	273	13	and	and	CCONJ
fbem-10179	273	14	enterprises	enterprise	NOUN
fbem-10179	273	15	,	,	PUNCT
fbem-10179	273	16	as	as	ADP
fbem-10179	273	17	essential	essential	ADJ
fbem-10179	273	18	pollution	pollution	NOUN
fbem-10179	273	19	subjects	subject	NOUN
fbem-10179	273	20	,	,	PUNCT
fbem-10179	273	21	deserve	deserve	VERB
fbem-10179	273	22	more	more	ADJ
fbem-10179	273	23	attention	attention	NOUN
fbem-10179	273	24	from	from	ADP
fbem-10179	273	25	the	the	DET
fbem-10179	273	26	regulatory	regulatory	ADJ
fbem-10179	273	27	authorities	authority	NOUN
fbem-10179	273	28	(	(	PUNCT
fbem-10179	273	29	zou	zou	PROPN
fbem-10179	273	30	&	&	CCONJ
fbem-10179	273	31	zhong	zhong	PROPN
fbem-10179	273	32	,	,	PUNCT
fbem-10179	273	33	2022	2022	NUM
fbem-10179	273	34	)	)	PUNCT
fbem-10179	273	35	.	.	PUNCT
fbem-10179	274	1	therefore	therefore	ADV
fbem-10179	274	2	,	,	PUNCT
fbem-10179	274	3	the	the	DET
fbem-10179	274	4	authorities	authority	NOUN
fbem-10179	274	5	concerned	concern	VERB
fbem-10179	274	6	should	should	AUX
fbem-10179	274	7	focus	focus	VERB
fbem-10179	274	8	supervision	supervision	NOUN
fbem-10179	274	9	on	on	ADP
fbem-10179	274	10	companies	company	NOUN
fbem-10179	274	11	with	with	ADP
fbem-10179	274	12	false	false	ADJ
fbem-10179	274	13	statements	statement	NOUN
fbem-10179	274	14	and	and	CCONJ
fbem-10179	274	15	inconsistencies	inconsistency	NOUN
fbem-10179	274	16	in	in	ADP
fbem-10179	274	17	their	their	PRON
fbem-10179	274	18	environmental	environmental	ADJ
fbem-10179	274	19	reports	report	NOUN
fbem-10179	274	20	to	to	PART
fbem-10179	274	21	prompt	prompt	VERB
fbem-10179	274	22	them	they	PRON
fbem-10179	274	23	to	to	PART
fbem-10179	274	24	improve	improve	VERB
fbem-10179	274	25	the	the	DET
fbem-10179	274	26	quality	quality	NOUN
fbem-10179	274	27	of	of	ADP
fbem-10179	274	28	their	their	PRON
fbem-10179	274	29	environmental	environmental	ADJ
fbem-10179	274	30	information	information	NOUN
fbem-10179	274	31	disclosure	disclosure	NOUN
fbem-10179	274	32	.	.	PUNCT
fbem-10179	275	1	at	at	ADP
fbem-10179	275	2	the	the	DET
fbem-10179	275	3	same	same	ADJ
fbem-10179	275	4	time	time	NOUN
fbem-10179	275	5	,	,	PUNCT
fbem-10179	275	6	the	the	DET
fbem-10179	275	7	management	management	NOUN
fbem-10179	275	8	of	of	ADP
fbem-10179	275	9	environmental	environmental	ADJ
fbem-10179	275	10	information	information	NOUN
fbem-10179	275	11	disclosure	disclosure	NOUN
fbem-10179	275	12	rules	rule	NOUN
fbem-10179	275	13	should	should	AUX
fbem-10179	275	14	be	be	AUX
fbem-10179	275	15	strengthened	strengthen	VERB
fbem-10179	275	16	and	and	CCONJ
fbem-10179	275	17	deepened	deepen	VERB
fbem-10179	275	18	,	,	PUNCT
fbem-10179	275	19	requiring	require	VERB
fbem-10179	275	20	companies	company	NOUN
fbem-10179	275	21	to	to	PART
fbem-10179	275	22	enhance	enhance	VERB
fbem-10179	275	23	“	"	PUNCT
fbem-10179	275	24	hard	hard	ADJ
fbem-10179	275	25	”	"	PUNCT
fbem-10179	275	26	disclosure	disclosure	NOUN
fbem-10179	275	27	and	and	CCONJ
fbem-10179	275	28	reduce	reduce	VERB
fbem-10179	275	29	“	"	PUNCT
fbem-10179	275	30	soft	soft	ADJ
fbem-10179	275	31	”	"	PUNCT
fbem-10179	275	32	disclosure	disclosure	NOUN
fbem-10179	275	33	(	(	PUNCT
fbem-10179	275	34	huang	huang	PROPN
fbem-10179	275	35	&	&	CCONJ
fbem-10179	275	36	chen	chen	PROPN
fbem-10179	275	37	,	,	PUNCT
fbem-10179	275	38	2015	2015	NUM
fbem-10179	275	39	)	)	PUNCT
fbem-10179	275	40	,	,	PUNCT
fbem-10179	275	41	especially	especially	ADV
fbem-10179	275	42	to	to	PART
fbem-10179	275	43	avoid	avoid	VERB
fbem-10179	275	44	vague	vague	ADJ
fbem-10179	275	45	and	and	CCONJ
fbem-10179	275	46	ambiguous	ambiguous	ADJ
fbem-10179	275	47	environmental	environmental	ADJ
fbem-10179	275	48	information	information	NOUN
fbem-10179	275	49	language	language	NOUN
fbem-10179	275	50	.	.	PUNCT
fbem-10179	276	1	in	in	ADP
fbem-10179	276	2	addition	addition	NOUN
fbem-10179	276	3	,	,	PUNCT
fbem-10179	276	4	environmental	environmental	ADJ
fbem-10179	276	5	audits	audits	NOUN
fbem-10179	276	6	should	should	AUX
fbem-10179	276	7	be	be	AUX
fbem-10179	276	8	actively	actively	ADV
fbem-10179	276	9	promoted	promote	VERB
fbem-10179	276	10	to	to	PART
fbem-10179	276	11	strengthen	strengthen	VERB
fbem-10179	276	12	the	the	DET
fbem-10179	276	13	supervision	supervision	NOUN
fbem-10179	276	14	and	and	CCONJ
fbem-10179	276	15	audit	audit	NOUN
fbem-10179	276	16	of	of	ADP
fbem-10179	276	17	environmental	environmental	ADJ
fbem-10179	276	18	information	information	NOUN
fbem-10179	276	19	disclosed	disclose	VERB
fbem-10179	276	20	by	by	ADP
fbem-10179	276	21	enterprises	enterprise	NOUN
fbem-10179	276	22	and	and	CCONJ
fbem-10179	276	23	to	to	PART
fbem-10179	276	24	prevent	prevent	VERB
fbem-10179	276	25	problems	problem	NOUN
fbem-10179	276	26	such	such	ADJ
fbem-10179	276	27	as	as	ADP
fbem-10179	276	28	the	the	DET
fbem-10179	276	29	falsification	falsification	NOUN
fbem-10179	276	30	of	of	ADP
fbem-10179	276	31	environmental	environmental	ADJ
fbem-10179	276	32	data	datum	NOUN
fbem-10179	276	33	.	.	PUNCT
fbem-10179	277	1	hence	hence	ADV
fbem-10179	277	2	,	,	PUNCT
fbem-10179	277	3	the	the	DET
fbem-10179	277	4	research	research	NOUN
fbem-10179	277	5	findings	finding	NOUN
fbem-10179	277	6	could	could	AUX
fbem-10179	277	7	help	help	VERB
fbem-10179	277	8	policymakers	policymaker	NOUN
fbem-10179	277	9	find	find	VERB
fbem-10179	277	10	a	a	DET
fbem-10179	277	11	solution	solution	NOUN
fbem-10179	277	12	to	to	PART
fbem-10179	277	13	improve	improve	VERB
fbem-10179	277	14	the	the	DET
fbem-10179	277	15	quality	quality	NOUN
fbem-10179	277	16	of	of	ADP
fbem-10179	277	17	environmental	environmental	ADJ
fbem-10179	277	18	information	information	NOUN
fbem-10179	277	19	disclosure	disclosure	NOUN
fbem-10179	277	20	and	and	CCONJ
fbem-10179	277	21	drive	drive	VERB
fbem-10179	277	22	the	the	DET
fbem-10179	277	23	implementation	implementation	NOUN
fbem-10179	277	24	of	of	ADP
fbem-10179	277	25	environmental	environmental	ADJ
fbem-10179	277	26	responsibility	responsibility	NOUN
fbem-10179	277	27	towards	towards	ADP
fbem-10179	277	28	a	a	DET
fbem-10179	277	29	virtuous	virtuous	ADJ
fbem-10179	277	30	cycle	cycle	NOUN
fbem-10179	277	31	.	.	PUNCT
fbem-10179	278	1	asymmetry	asymmetry	NOUN
fbem-10179	278	2	in	in	ADP
fbem-10179	278	3	environmental	environmental	ADJ
fbem-10179	278	4	information	information	NOUN
fbem-10179	278	5	disclosure	disclosure	NOUN
fbem-10179	278	6	creates	create	VERB
fbem-10179	278	7	a	a	DET
fbem-10179	278	8	fertile	fertile	ADJ
fbem-10179	278	9	ground	ground	NOUN
fbem-10179	278	10	for	for	ADP
fbem-10179	278	11	environmental	environmental	ADJ
fbem-10179	278	12	information	information	NOUN
fbem-10179	278	13	greenwashing	greenwashing	NOUN
fbem-10179	278	14	(	(	PUNCT
fbem-10179	278	15	kirchhoff	kirchhoff	NOUN
fbem-10179	278	16	,	,	PUNCT
fbem-10179	278	17	2000	2000	NUM
fbem-10179	278	18	;	;	PUNCT
fbem-10179	278	19	lee	lee	PROPN
fbem-10179	278	20	&	&	CCONJ
fbem-10179	278	21	raschke	raschke	PROPN
fbem-10179	278	22	,	,	PUNCT
fbem-10179	278	23	2022	2022	NUM
fbem-10179	278	24	)	)	PUNCT
fbem-10179	278	25	.	.	PUNCT
fbem-10179	279	1	therefore	therefore	ADV
fbem-10179	279	2	,	,	PUNCT
fbem-10179	279	3	to	to	PART
fbem-10179	279	4	squeeze	squeeze	VERB
fbem-10179	279	5	the	the	DET
fbem-10179	279	6	space	space	NOUN
fbem-10179	279	7	for	for	ADP
fbem-10179	279	8	firms	firm	NOUN
fbem-10179	279	9	’	'	PUNCT
fbem-10179	279	10	greenwashing	greenwashe	VERB
fbem-10179	279	11	behaviour	behaviour	NOUN
fbem-10179	279	12	and	and	CCONJ
fbem-10179	279	13	improve	improve	VERB
fbem-10179	279	14	the	the	DET
fbem-10179	279	15	quality	quality	NOUN
fbem-10179	279	16	of	of	ADP
fbem-10179	279	17	environmental	environmental	ADJ
fbem-10179	279	18	information	information	NOUN
fbem-10179	279	19	disclosure	disclosure	NOUN
fbem-10179	279	20	,	,	PUNCT
fbem-10179	279	21	the	the	DET
fbem-10179	279	22	authorities	authority	NOUN
fbem-10179	279	23	concerned	concern	VERB
fbem-10179	279	24	could	could	AUX
fbem-10179	279	25	reduce	reduce	VERB
fbem-10179	279	26	the	the	DET
fbem-10179	279	27	degree	degree	NOUN
fbem-10179	279	28	of	of	ADP
fbem-10179	279	29	asymmetry	asymmetry	NOUN
fbem-10179	279	30	by	by	ADP
fbem-10179	279	31	developing	develop	VERB
fbem-10179	279	32	more	more	ADJ
fbem-10179	279	33	scientific	scientific	ADJ
fbem-10179	279	34	environmental	environmental	ADJ
fbem-10179	279	35	information	information	NOUN
fbem-10179	279	36	disclosure	disclosure	NOUN
fbem-10179	279	37	guidelines	guideline	NOUN
fbem-10179	279	38	,	,	PUNCT
fbem-10179	279	39	raising	raise	VERB
fbem-10179	279	40	the	the	DET
fbem-10179	279	41	cost	cost	NOUN
fbem-10179	279	42	of	of	ADP
fbem-10179	279	43	non	non	ADJ
fbem-10179	279	44	-	-	NOUN
fbem-10179	279	45	compliance	compliance	NOUN
fbem-10179	279	46	,	,	PUNCT
fbem-10179	279	47	and	and	CCONJ
fbem-10179	279	48	actively	actively	ADV
fbem-10179	279	49	introducing	introduce	VERB
fbem-10179	279	50	third	third	ADJ
fbem-10179	279	51	-	-	PUNCT
fbem-10179	279	52	party	party	NOUN
fbem-10179	279	53	assurance	assurance	NOUN
fbem-10179	279	54	mechanisms	mechanism	NOUN
fbem-10179	279	55	.	.	PUNCT
fbem-10179	280	1	in	in	ADP
fbem-10179	280	2	this	this	DET
fbem-10179	280	3	case	case	NOUN
fbem-10179	280	4	,	,	PUNCT
fbem-10179	280	5	the	the	DET
fbem-10179	280	6	corporate	corporate	ADJ
fbem-10179	280	7	governance	governance	NOUN
fbem-10179	280	8	role	role	NOUN
fbem-10179	280	9	of	of	ADP
fbem-10179	280	10	common	common	ADJ
fbem-10179	280	11	institutional	institutional	ADJ
fbem-10179	280	12	ownership	ownership	NOUN
fbem-10179	280	13	should	should	AUX
fbem-10179	280	14	be	be	AUX
fbem-10179	280	15	emphasized	emphasize	VERB
fbem-10179	280	16	.	.	PUNCT
fbem-10179	281	1	government	government	NOUN
fbem-10179	281	2	regulators	regulator	NOUN
fbem-10179	281	3	should	should	AUX
fbem-10179	281	4	encourage	encourage	VERB
fbem-10179	281	5	and	and	CCONJ
fbem-10179	281	6	guide	guide	VERB
fbem-10179	281	7	co	co	ADJ
fbem-10179	281	8	-	-	ADJ
fbem-10179	281	9	institutional	institutional	ADJ
fbem-10179	281	10	investors	investor	NOUN
fbem-10179	281	11	to	to	PART
fbem-10179	281	12	play	play	VERB
fbem-10179	281	13	a	a	DET
fbem-10179	281	14	collaborative	collaborative	ADJ
fbem-10179	281	15	governance	governance	NOUN
fbem-10179	281	16	role	role	NOUN
fbem-10179	281	17	,	,	PUNCT
fbem-10179	281	18	improve	improve	VERB
fbem-10179	281	19	relevant	relevant	ADJ
fbem-10179	281	20	policies	policy	NOUN
fbem-10179	281	21	and	and	CCONJ
fbem-10179	281	22	regulations	regulation	NOUN
fbem-10179	281	23	to	to	PART
fbem-10179	281	24	motivate	motivate	VERB
fbem-10179	281	25	co	co	ADJ
fbem-10179	281	26	-	-	ADJ
fbem-10179	281	27	institutional	institutional	ADJ
fbem-10179	281	28	investors	investor	NOUN
fbem-10179	281	29	,	,	PUNCT
fbem-10179	281	30	enhance	enhance	VERB
fbem-10179	281	31	the	the	DET
fbem-10179	281	32	depth	depth	NOUN
fbem-10179	281	33	and	and	CCONJ
fbem-10179	281	34	breadth	breadth	NOUN
fbem-10179	281	35	of	of	ADP
fbem-10179	281	36	common	common	ADJ
fbem-10179	281	37	institutional	institutional	ADJ
fbem-10179	281	38	ownership	ownership	NOUN
fbem-10179	281	39	in	in	ADP
fbem-10179	281	40	corporate	corporate	ADJ
fbem-10179	281	41	management	management	NOUN
fbem-10179	281	42	,	,	PUNCT
fbem-10179	281	43	and	and	CCONJ
fbem-10179	281	44	further	far	ADV
fbem-10179	281	45	leverage	leverage	VERB
fbem-10179	281	46	its	its	PRON
fbem-10179	281	47	unique	unique	ADJ
fbem-10179	281	48	advantages	advantage	NOUN
fbem-10179	281	49	as	as	ADP
fbem-10179	281	50	an	an	DET
fbem-10179	281	51	“	"	PUNCT
fbem-10179	281	52	industry	industry	NOUN
fbem-10179	281	53	pivot	pivot	NOUN
fbem-10179	281	54	”	"	PUNCT
fbem-10179	281	55	and	and	CCONJ
fbem-10179	281	56	“	"	PUNCT
fbem-10179	281	57	information	information	NOUN
fbem-10179	281	58	intermediary	intermediary	NOUN
fbem-10179	281	59	”	"	PUNCT
fbem-10179	281	60	.	.	PUNCT
fbem-10179	282	1	5.4	5.4	NUM
fbem-10179	282	2	.	.	PUNCT
fbem-10179	282	3	limitations	limitation	NOUN
fbem-10179	282	4	and	and	CCONJ
fbem-10179	282	5	future	future	ADJ
fbem-10179	282	6	research	research	NOUN
fbem-10179	282	7	inevitably	inevitably	ADV
fbem-10179	282	8	,	,	PUNCT
fbem-10179	282	9	there	there	PRON
fbem-10179	282	10	are	be	VERB
fbem-10179	282	11	some	some	DET
fbem-10179	282	12	limitations	limitation	NOUN
fbem-10179	282	13	to	to	ADP
fbem-10179	282	14	this	this	DET
fbem-10179	282	15	paper	paper	NOUN
fbem-10179	282	16	which	which	PRON
fbem-10179	282	17	require	require	VERB
fbem-10179	282	18	further	far	ADV
fbem-10179	282	19	in	in	ADP
fbem-10179	282	20	-	-	PUNCT
fbem-10179	282	21	depth	depth	NOUN
fbem-10179	282	22	study	study	NOUN
fbem-10179	282	23	in	in	ADP
fbem-10179	282	24	the	the	DET
fbem-10179	282	25	future	future	NOUN
fbem-10179	282	26	:	:	PUNCT
fbem-10179	282	27	(	(	PUNCT
fbem-10179	282	28	1	1	X
fbem-10179	282	29	)	)	PUNCT
fbem-10179	282	30	based	base	VERB
fbem-10179	282	31	on	on	ADP
fbem-10179	282	32	the	the	DET
fbem-10179	282	33	availability	availability	NOUN
fbem-10179	282	34	of	of	ADP
fbem-10179	282	35	data	datum	NOUN
fbem-10179	282	36	,	,	PUNCT
fbem-10179	282	37	this	this	DET
fbem-10179	282	38	paper	paper	NOUN
fbem-10179	282	39	constructs	construct	VERB
fbem-10179	282	40	the	the	DET
fbem-10179	282	41	indicator	indicator	NOUN
fbem-10179	282	42	of	of	ADP
fbem-10179	282	43	common	common	ADJ
fbem-10179	282	44	institutional	institutional	ADJ
fbem-10179	282	45	ownership	ownership	NOUN
fbem-10179	282	46	through	through	ADP
fbem-10179	282	47	public	public	ADJ
fbem-10179	282	48	data	datum	NOUN
fbem-10179	282	49	of	of	ADP
fbem-10179	282	50	listed	list	VERB
fbem-10179	282	51	firms	firm	NOUN
fbem-10179	282	52	without	without	ADP
fbem-10179	282	53	considering	consider	VERB
fbem-10179	282	54	the	the	DET
fbem-10179	282	55	case	case	NOUN
fbem-10179	282	56	of	of	ADP
fbem-10179	282	57	common	common	ADJ
fbem-10179	282	58	institutional	institutional	ADJ
fbem-10179	282	59	shareholding	shareholding	NOUN
fbem-10179	282	60	of	of	ADP
fbem-10179	282	61	non	non	ADJ
fbem-10179	282	62	-	-	ADJ
fbem-10179	282	63	listed	listed	ADJ
fbem-10179	282	64	firms	firm	NOUN
fbem-10179	282	65	,	,	PUNCT
fbem-10179	282	66	and	and	CCONJ
fbem-10179	282	67	the	the	DET
fbem-10179	282	68	construction	construction	NOUN
fbem-10179	282	69	of	of	ADP
fbem-10179	282	70	the	the	DET
fbem-10179	282	71	indicator	indicator	NOUN
fbem-10179	282	72	of	of	ADP
fbem-10179	282	73	common	common	ADJ
fbem-10179	282	74	institutional	institutional	ADJ
fbem-10179	282	75	ownership	ownership	NOUN
fbem-10179	282	76	can	can	AUX
fbem-10179	282	77	be	be	AUX
fbem-10179	282	78	further	far	ADV
fbem-10179	282	79	improved	improve	VERB
fbem-10179	282	80	in	in	ADP
fbem-10179	282	81	the	the	DET
fbem-10179	282	82	future	future	NOUN
fbem-10179	282	83	;	;	PUNCT
fbem-10179	282	84	(	(	PUNCT
fbem-10179	282	85	2	2	X
fbem-10179	282	86	)	)	PUNCT
fbem-10179	282	87	our	our	PRON
fbem-10179	282	88	research	research	NOUN
fbem-10179	282	89	context	context	NOUN
fbem-10179	282	90	is	be	AUX
fbem-10179	282	91	limited	limit	VERB
fbem-10179	282	92	to	to	ADP
fbem-10179	282	93	china	china	PROPN
fbem-10179	282	94	,	,	PUNCT
fbem-10179	282	95	with	with	ADP
fbem-10179	282	96	relatively	relatively	ADV
fbem-10179	282	97	weak	weak	ADJ
fbem-10179	282	98	market	market	NOUN
fbem-10179	282	99	-	-	PUNCT
fbem-10179	282	100	based	base	VERB
fbem-10179	282	101	institutions	institution	NOUN
fbem-10179	282	102	(	(	PUNCT
fbem-10179	282	103	jamali	jamali	PROPN
fbem-10179	282	104	&	&	CCONJ
fbem-10179	282	105	karam	karam	PROPN
fbem-10179	282	106	,	,	PUNCT
fbem-10179	282	107	2018	2018	NUM
fbem-10179	282	108	)	)	PUNCT
fbem-10179	282	109	.	.	PUNCT
fbem-10179	283	1	hence	hence	ADV
fbem-10179	283	2	,	,	PUNCT
fbem-10179	283	3	the	the	DET
fbem-10179	283	4	conclusions	conclusion	NOUN
fbem-10179	283	5	in	in	ADP
fbem-10179	283	6	our	our	PRON
fbem-10179	283	7	study	study	NOUN
fbem-10179	283	8	may	may	AUX
fbem-10179	283	9	not	not	PART
fbem-10179	283	10	be	be	AUX
fbem-10179	283	11	universal	universal	ADJ
fbem-10179	283	12	and	and	CCONJ
fbem-10179	283	13	generalizable	generalizable	ADJ
fbem-10179	283	14	to	to	ADP
fbem-10179	283	15	other	other	ADJ
fbem-10179	283	16	research	research	NOUN
fbem-10179	283	17	contexts	context	NOUN
fbem-10179	283	18	where	where	SCONJ
fbem-10179	283	19	the	the	DET
fbem-10179	283	20	institutional	institutional	ADJ
fbem-10179	283	21	environment	environment	NOUN
fbem-10179	283	22	is	be	AUX
fbem-10179	283	23	more	more	ADV
fbem-10179	283	24	well	well	ADV
fbem-10179	283	25	-	-	PUNCT
fbem-10179	283	26	developed	develop	VERB
fbem-10179	283	27	(	(	PUNCT
fbem-10179	283	28	e.g.	e.g.	ADV
fbem-10179	283	29	,	,	PUNCT
fbem-10179	283	30	the	the	DET
fbem-10179	283	31	united	united	PROPN
fbem-10179	283	32	states	states	PROPN
fbem-10179	283	33	,	,	PUNCT
fbem-10179	283	34	european	european	ADJ
fbem-10179	283	35	countries	country	NOUN
fbem-10179	283	36	,	,	PUNCT
fbem-10179	283	37	etc	etc	X
fbem-10179	283	38	.	.	X
fbem-10179	283	39	)	)	PUNCT
fbem-10179	283	40	.	.	PUNCT
fbem-10179	284	1	future	future	ADJ
fbem-10179	284	2	research	research	NOUN
fbem-10179	284	3	could	could	AUX
fbem-10179	284	4	expand	expand	VERB
fbem-10179	284	5	the	the	DET
fbem-10179	284	6	sample	sample	NOUN
fbem-10179	284	7	to	to	ADP
fbem-10179	284	8	other	other	ADJ
fbem-10179	284	9	research	research	NOUN
fbem-10179	284	10	contexts	context	NOUN
fbem-10179	284	11	and	and	CCONJ
fbem-10179	284	12	examine	examine	VERB
fbem-10179	284	13	whether	whether	SCONJ
fbem-10179	284	14	our	our	PRON
fbem-10179	284	15	findings	finding	NOUN
fbem-10179	284	16	will	will	AUX
fbem-10179	284	17	be	be	AUX
fbem-10179	284	18	variant	variant	ADJ
fbem-10179	284	19	in	in	ADP
fbem-10179	284	20	different	different	ADJ
fbem-10179	284	21	research	research	NOUN
fbem-10179	284	22	contexts	context	NOUN
fbem-10179	284	23	;	;	PUNCT
fbem-10179	284	24	(	(	PUNCT
fbem-10179	284	25	3	3	X
fbem-10179	284	26	)	)	PUNCT
fbem-10179	284	27	this	this	DET
fbem-10179	284	28	study	study	NOUN
fbem-10179	284	29	is	be	AUX
fbem-10179	284	30	based	base	VERB
fbem-10179	284	31	on	on	ADP
fbem-10179	284	32	the	the	DET
fbem-10179	284	33	statistical	statistical	ADJ
fbem-10179	284	34	analysis	analysis	NOUN
fbem-10179	284	35	of	of	ADP
fbem-10179	284	36	a	a	DET
fbem-10179	284	37	large	large	ADJ
fbem-10179	284	38	sample	sample	NOUN
fbem-10179	284	39	to	to	PART
fbem-10179	284	40	investigate	investigate	VERB
fbem-10179	284	41	how	how	SCONJ
fbem-10179	284	42	common	common	ADJ
fbem-10179	284	43	institutional	institutional	ADJ
fbem-10179	284	44	ownership	ownership	NOUN
fbem-10179	284	45	affects	affect	VERB
fbem-10179	284	46	the	the	DET
fbem-10179	284	47	quality	quality	NOUN
fbem-10179	284	48	of	of	ADP
fbem-10179	284	49	environmental	environmental	ADJ
fbem-10179	284	50	information	information	NOUN
fbem-10179	284	51	disclosure	disclosure	NOUN
fbem-10179	284	52	.	.	PUNCT
fbem-10179	285	1	in	in	ADP
fbem-10179	285	2	the	the	DET
fbem-10179	285	3	future	future	NOUN
fbem-10179	285	4	,	,	PUNCT
fbem-10179	285	5	we	we	PRON
fbem-10179	285	6	may	may	AUX
fbem-10179	285	7	consider	consider	VERB
fbem-10179	285	8	using	use	VERB
fbem-10179	285	9	fuzzy	fuzzy	ADJ
fbem-10179	285	10	set	set	VERB
fbem-10179	285	11	qualitative	qualitative	ADJ
fbem-10179	285	12	comparative	comparative	ADJ
fbem-10179	285	13	analysis	analysis	NOUN
fbem-10179	285	14	(	(	PUNCT
fbem-10179	285	15	fsqca	fsqca	NOUN
fbem-10179	285	16	)	)	PUNCT
fbem-10179	285	17	,	,	PUNCT
fbem-10179	285	18	rooting	root	VERB
fbem-10179	285	19	theory	theory	NOUN
fbem-10179	285	20	and	and	CCONJ
fbem-10179	285	21	other	other	ADJ
fbem-10179	285	22	research	research	NOUN
fbem-10179	285	23	methods	method	NOUN
fbem-10179	285	24	to	to	PART
fbem-10179	285	25	further	far	ADV
fbem-10179	285	26	study	study	VERB
fbem-10179	285	27	the	the	DET
fbem-10179	285	28	relationship	relationship	NOUN
fbem-10179	285	29	between	between	ADP
fbem-10179	285	30	common	common	ADJ
fbem-10179	285	31	institutional	institutional	ADJ
fbem-10179	285	32	ownership	ownership	NOUN
fbem-10179	285	33	and	and	CCONJ
fbem-10179	285	34	the	the	DET
fbem-10179	285	35	quality	quality	NOUN
fbem-10179	285	36	of	of	ADP
fbem-10179	285	37	environmental	environmental	ADJ
fbem-10179	285	38	information	information	NOUN
fbem-10179	285	39	disclosure	disclosure	NOUN
fbem-10179	285	40	in	in	ADP
fbem-10179	285	41	the	the	DET
fbem-10179	285	42	context	context	NOUN
fbem-10179	285	43	of	of	ADP
fbem-10179	285	44	specific	specific	ADJ
fbem-10179	285	45	industries	industry	NOUN
fbem-10179	285	46	or	or	CCONJ
fbem-10179	285	47	typical	typical	ADJ
fbem-10179	285	48	cases	case	NOUN
fbem-10179	285	49	.	.	PUNCT
fbem-10179	286	1	acknowledgment	acknowledgment	NOUN
fbem-10179	286	2	the	the	DET
fbem-10179	286	3	authors	author	NOUN
fbem-10179	286	4	of	of	ADP
fbem-10179	286	5	this	this	DET
fbem-10179	286	6	paper	paper	NOUN
fbem-10179	286	7	would	would	AUX
fbem-10179	286	8	like	like	VERB
fbem-10179	286	9	to	to	PART
fbem-10179	286	10	acknowledge	acknowledge	VERB
fbem-10179	286	11	the	the	DET
fbem-10179	286	12	editors	editor	NOUN
fbem-10179	286	13	and	and	CCONJ
fbem-10179	286	14	anonymous	anonymous	ADJ
fbem-10179	286	15	reviewers	reviewer	NOUN
fbem-10179	286	16	for	for	ADP
fbem-10179	286	17	their	their	PRON
fbem-10179	286	18	insightful	insightful	ADJ
fbem-10179	286	19	comments	comment	NOUN
fbem-10179	286	20	and	and	CCONJ
fbem-10179	286	21	guidance	guidance	NOUN
fbem-10179	286	22	.	.	PUNCT
fbem-10179	287	1	data	datum	NOUN
fbem-10179	287	2	availability	availability	NOUN
fbem-10179	287	3	statement	statement	NOUN
fbem-10179	287	4	the	the	DET
fbem-10179	287	5	data	datum	NOUN
fbem-10179	287	6	that	that	PRON
fbem-10179	287	7	support	support	VERB
fbem-10179	287	8	the	the	DET
fbem-10179	287	9	findings	finding	NOUN
fbem-10179	287	10	of	of	ADP
fbem-10179	287	11	this	this	DET
fbem-10179	287	12	study	study	NOUN
fbem-10179	287	13	are	be	AUX
fbem-10179	287	14	available	available	ADJ
fbem-10179	287	15	from	from	ADP
fbem-10179	287	16	the	the	DET
fbem-10179	287	17	corresponding	corresponding	ADJ
fbem-10179	287	18	author	author	NOUN
fbem-10179	287	19	upon	upon	SCONJ
fbem-10179	287	20	reasonable	reasonable	ADJ
fbem-10179	287	21	request	request	NOUN
fbem-10179	287	22	.	.	PUNCT
fbem-10179	288	1	conflict	conflict	NOUN
fbem-10179	288	2	of	of	ADP
fbem-10179	288	3	interest	interest	NOUN
fbem-10179	288	4	statement	statement	NOUN
fbem-10179	288	5	none	none	NOUN
fbem-10179	288	6	.	.	PUNCT
fbem-10179	289	1	appendix	appendix	VERB
fbem-10179	289	2	table	table	NOUN
fbem-10179	289	3	1	1	NUM
fbem-10179	289	4	.	.	PUNCT
fbem-10179	289	5	indicator	indicator	NOUN
fbem-10179	289	6	system	system	NOUN
fbem-10179	289	7	of	of	ADP
fbem-10179	289	8	environmental	environmental	ADJ
fbem-10179	289	9	information	information	NOUN
fbem-10179	289	10	disclosure	disclosure	NOUN
fbem-10179	289	11	tier	tier	NOUN
fbem-10179	289	12	1	1	NUM
fbem-10179	289	13	indicators	indicator	NOUN
fbem-10179	289	14	tier	tier	NOUN
fbem-10179	289	15	2	2	NUM
fbem-10179	289	16	indicators	indicator	NOUN
fbem-10179	289	17	environmental	environmental	ADJ
fbem-10179	289	18	management	management	NOUN
fbem-10179	289	19	environmental	environmental	ADJ
fbem-10179	289	20	concepts	concept	NOUN
fbem-10179	289	21	environmental	environmental	ADJ
fbem-10179	289	22	goals	goal	NOUN
fbem-10179	289	23	environmental	environmental	ADJ
fbem-10179	289	24	management	management	NOUN
fbem-10179	289	25	system	system	NOUN
fbem-10179	289	26	environmental	environmental	ADJ
fbem-10179	289	27	education	education	NOUN
fbem-10179	289	28	and	and	CCONJ
fbem-10179	289	29	training	train	VERB
fbem-10179	289	30	special	special	ADJ
fbem-10179	289	31	environmental	environmental	ADJ
fbem-10179	289	32	actions	action	NOUN
fbem-10179	289	33	environmental	environmental	ADJ
fbem-10179	289	34	emergency	emergency	NOUN
fbem-10179	289	35	response	response	NOUN
fbem-10179	289	36	mechanism	mechanism	NOUN
fbem-10179	289	37	“	"	PUNCT
fbem-10179	289	38	three	three	NUM
fbem-10179	289	39	simultaneity	simultaneity	NOUN
fbem-10179	289	40	”	"	PUNCT
fbem-10179	289	41	system	system	NOUN
fbem-10179	289	42	wastewater	wastewater	NOUN
fbem-10179	289	43	emission	emission	NOUN
fbem-10179	289	44	113	113	NUM
fbem-10179	289	45	environmental	environmental	ADJ
fbem-10179	289	46	liabilities	liability	NOUN
fbem-10179	289	47	cod	cod	NOUN
fbem-10179	289	48	emission	emission	NOUN
fbem-10179	289	49	so2	so2	NOUN
fbem-10179	289	50	emission	emission	NOUN
fbem-10179	289	51	co2	co2	NOUN
fbem-10179	289	52	emission	emission	NOUN
fbem-10179	289	53	soot	soot	NOUN
fbem-10179	289	54	and	and	CCONJ
fbem-10179	289	55	dust	dust	NOUN
fbem-10179	289	56	emission	emission	VERB
fbem-10179	289	57	industrial	industrial	ADJ
fbem-10179	289	58	solid	solid	ADJ
fbem-10179	289	59	waste	waste	NOUN
fbem-10179	289	60	emission	emission	NOUN
fbem-10179	289	61	environmental	environmental	ADJ
fbem-10179	289	62	performance	performance	NOUN
fbem-10179	289	63	and	and	CCONJ
fbem-10179	289	64	governance	governance	NOUN
fbem-10179	289	65	waste	waste	NOUN
fbem-10179	289	66	gas	gas	NOUN
fbem-10179	289	67	emission	emission	NOUN
fbem-10179	289	68	reduction	reduction	NOUN
fbem-10179	289	69	treatment	treatment	NOUN
fbem-10179	289	70	wastewater	wastewater	NOUN
fbem-10179	289	71	emission	emission	NOUN
fbem-10179	289	72	reduction	reduction	NOUN
fbem-10179	289	73	treatment	treatment	NOUN
fbem-10179	289	74	soot	soot	NOUN
fbem-10179	289	75	and	and	CCONJ
fbem-10179	289	76	dust	dust	NOUN
fbem-10179	289	77	reduction	reduction	NOUN
fbem-10179	289	78	treatment	treatment	NOUN
fbem-10179	289	79	solid	solid	ADJ
fbem-10179	289	80	waste	waste	NOUN
fbem-10179	289	81	disposal	disposal	NOUN
fbem-10179	289	82	and	and	CCONJ
fbem-10179	289	83	utilization	utilization	NOUN
fbem-10179	289	84	noise	noise	NOUN
fbem-10179	289	85	,	,	PUNCT
fbem-10179	289	86	light	light	ADJ
fbem-10179	289	87	pollution	pollution	NOUN
fbem-10179	289	88	and	and	CCONJ
fbem-10179	289	89	radiation	radiation	NOUN
fbem-10179	289	90	governance	governance	NOUN
fbem-10179	289	91	cleaner	clean	ADJ
fbem-10179	289	92	production	production	NOUN
fbem-10179	289	93	implementation	implementation	NOUN
fbem-10179	289	94	environmental	environmental	ADJ
fbem-10179	289	95	information	information	NOUN
fbem-10179	289	96	disclosure	disclosure	NOUN
fbem-10179	289	97	carriers	carrier	NOUN
fbem-10179	289	98	annual	annual	ADJ
fbem-10179	289	99	reports	report	NOUN
fbem-10179	289	100	of	of	ADP
fbem-10179	289	101	listed	list	VERB
fbem-10179	289	102	firms	firm	NOUN
fbem-10179	289	103	social	social	ADJ
fbem-10179	289	104	responsibility	responsibility	NOUN
fbem-10179	289	105	reports	report	VERB
fbem-10179	289	106	environmental	environmental	ADJ
fbem-10179	289	107	reports	report	NOUN
fbem-10179	289	108	accreditation	accreditation	NOUN
fbem-10179	289	109	by	by	ADP
fbem-10179	289	110	independent	independent	ADJ
fbem-10179	289	111	agencies	agency	NOUN
fbem-10179	289	112	or	or	CCONJ
fbem-10179	289	113	external	external	ADJ
fbem-10179	289	114	awards	award	NOUN
fbem-10179	289	115	iso14001	iso14001	VERB
fbem-10179	289	116	certification	certification	PROPN
fbem-10179	289	117	iso9001	iso9001	PROPN
fbem-10179	289	118	certification	certification	PROPN
fbem-10179	289	119	environmental	environmental	ADJ
fbem-10179	289	120	honors	honor	NOUN
fbem-10179	289	121	or	or	CCONJ
fbem-10179	289	122	awards	award	NOUN
fbem-10179	289	123	references	reference	NOUN
fbem-10179	289	124	[	[	X
fbem-10179	289	125	1	1	NUM
fbem-10179	289	126	]	]	X
fbem-10179	289	127	ahmad	ahmad	PROPN
fbem-10179	289	128	,	,	PUNCT
fbem-10179	289	129	n.	n.	PROPN
fbem-10179	289	130	,	,	PUNCT
fbem-10179	289	131	li	li	PROPN
fbem-10179	289	132	,	,	PUNCT
fbem-10179	289	133	h.z	h.z	PROPN
fbem-10179	289	134	.	.	PROPN
fbem-10179	289	135	,	,	PUNCT
fbem-10179	289	136	&	&	CCONJ
fbem-10179	289	137	tian	tian	PROPN
fbem-10179	289	138	,	,	PUNCT
fbem-10179	289	139	x.l	x.l	PROPN
fbem-10179	289	140	.	.	PUNCT
fbem-10179	290	1	(	(	PUNCT
fbem-10179	290	2	2019	2019	NUM
fbem-10179	290	3	)	)	PUNCT
fbem-10179	290	4	.	.	PUNCT
fbem-10179	291	1	increased	increase	VERB
fbem-10179	291	2	firm	firm	ADJ
fbem-10179	291	3	profitability	profitability	NOUN
fbem-10179	291	4	under	under	ADP
fbem-10179	291	5	a	a	DET
fbem-10179	291	6	nationwide	nationwide	ADJ
fbem-10179	291	7	environmental	environmental	ADJ
fbem-10179	291	8	information	information	NOUN
fbem-10179	291	9	disclosure	disclosure	NOUN
fbem-10179	291	10	program	program	NOUN
fbem-10179	291	11	?	?	PUNCT
fbem-10179	292	1	evidence	evidence	NOUN
fbem-10179	292	2	from	from	ADP
fbem-10179	292	3	china	china	PROPN
fbem-10179	292	4	.	.	PUNCT
fbem-10179	293	1	journal	journal	PROPN
fbem-10179	293	2	of	of	ADP
fbem-10179	293	3	cleaner	clean	ADJ
fbem-10179	293	4	production	production	NOUN
fbem-10179	293	5	,	,	PUNCT
fbem-10179	293	6	230	230	NUM
fbem-10179	293	7	,	,	PUNCT
fbem-10179	293	8	1176	1176	NUM
fbem-10179	293	9	-	-	SYM
fbem-10179	293	10	1187	1187	NUM
fbem-10179	293	11	.	.	PUNCT
fbem-10179	294	1	https://doi.org/10.1016/j.jclepro.2019.05.161	https://doi.org/10.1016/j.jclepro.2019.05.161	ADJ
fbem-10179	294	2	[	[	X
fbem-10179	294	3	2	2	NUM
fbem-10179	294	4	]	]	PUNCT
fbem-10179	294	5	amores	amore	NOUN
fbem-10179	294	6	-	-	PUNCT
fbem-10179	294	7	salvado	salvado	NOUN
fbem-10179	294	8	,	,	PUNCT
fbem-10179	294	9	j.	j.	PROPN
fbem-10179	294	10	,	,	PUNCT
fbem-10179	294	11	martin	martin	PROPN
fbem-10179	294	12	-	-	PUNCT
fbem-10179	294	13	de	de	X
fbem-10179	294	14	castro	castro	PROPN
fbem-10179	294	15	,	,	PUNCT
fbem-10179	294	16	g.	g.	PROPN
fbem-10179	294	17	,	,	PUNCT
fbem-10179	294	18	&	&	CCONJ
fbem-10179	294	19	albertini	albertini	PROPN
fbem-10179	294	20	,	,	PUNCT
fbem-10179	294	21	e.	e.	PROPN
fbem-10179	294	22	(	(	PUNCT
fbem-10179	294	23	2022	2022	NUM
fbem-10179	294	24	)	)	PUNCT
fbem-10179	294	25	.	.	PUNCT
fbem-10179	295	1	walking	walk	VERB
fbem-10179	295	2	the	the	DET
fbem-10179	295	3	talk	talk	NOUN
fbem-10179	295	4	,	,	PUNCT
fbem-10179	295	5	but	but	CCONJ
fbem-10179	295	6	above	above	ADP
fbem-10179	295	7	all	all	PRON
fbem-10179	295	8	,	,	PUNCT
fbem-10179	295	9	talking	talk	VERB
fbem-10179	295	10	the	the	DET
fbem-10179	295	11	walk	walk	NOUN
fbem-10179	295	12	:	:	PUNCT
fbem-10179	295	13	looking	look	VERB
fbem-10179	295	14	green	green	ADJ
fbem-10179	295	15	for	for	ADP
fbem-10179	295	16	market	market	NOUN
fbem-10179	295	17	stakeholder	stakeholder	NOUN
fbem-10179	295	18	engagement	engagement	NOUN
fbem-10179	295	19	.	.	PUNCT
fbem-10179	296	1	corporate	corporate	ADJ
fbem-10179	296	2	social	social	ADJ
fbem-10179	296	3	responsibility	responsibility	NOUN
fbem-10179	296	4	and	and	CCONJ
fbem-10179	296	5	environmental	environmental	ADJ
fbem-10179	296	6	management	management	NOUN
fbem-10179	296	7	,	,	PUNCT
fbem-10179	296	8	30(1),431	30(1),431	NUM
fbem-10179	296	9	-	-	SYM
fbem-10179	296	10	442	442	NUM
fbem-10179	296	11	.	.	PUNCT
fbem-10179	297	1	https://doi.org/10.1002/csr.2364	https://doi.org/10.1002/csr.2364	ADP
fbem-10179	297	2	[	[	X
fbem-10179	297	3	3	3	NUM
fbem-10179	297	4	]	]	X
fbem-10179	297	5	azar	azar	PROPN
fbem-10179	297	6	,	,	PUNCT
fbem-10179	297	7	j.	j.	PROPN
fbem-10179	297	8	,	,	PUNCT
fbem-10179	297	9	schmalz	schmalz	PROPN
fbem-10179	297	10	,	,	PUNCT
fbem-10179	297	11	m.c	m.c	PROPN
fbem-10179	297	12	.	.	PROPN
fbem-10179	297	13	,	,	PUNCT
fbem-10179	297	14	&	&	CCONJ
fbem-10179	297	15	tecu	tecu	NOUN
fbem-10179	297	16	,	,	PUNCT
fbem-10179	297	17	i.	i.	NOUN
fbem-10179	297	18	(	(	PUNCT
fbem-10179	297	19	2018	2018	NUM
fbem-10179	297	20	)	)	PUNCT
fbem-10179	297	21	.	.	PUNCT
fbem-10179	298	1	anticompetitive	anticompetitive	ADJ
fbem-10179	298	2	effects	effect	NOUN
fbem-10179	298	3	of	of	ADP
fbem-10179	298	4	common	common	ADJ
fbem-10179	298	5	ownership	ownership	NOUN
fbem-10179	298	6	.	.	PUNCT
fbem-10179	299	1	journal	journal	NOUN
fbem-10179	299	2	of	of	ADP
fbem-10179	299	3	finance,73(4	finance,73(4	PROPN
fbem-10179	299	4	)	)	PUNCT
fbem-10179	299	5	,	,	PUNCT
fbem-10179	299	6	1513	1513	NUM
fbem-10179	299	7	-	-	SYM
fbem-10179	299	8	1565	1565	NUM
fbem-10179	299	9	.	.	PUNCT
fbem-10179	300	1	https://doi.10.1111	https://doi.10.1111	PROPN
fbem-10179	300	2	/	/	SYM
fbem-10179	301	1	jofi.12698	jofi.12698	PROPN
fbem-10179	302	1	[	[	X
fbem-10179	302	2	4	4	NUM
fbem-10179	302	3	]	]	X
fbem-10179	302	4	bansal	bansal	NOUN
fbem-10179	302	5	,	,	PUNCT
fbem-10179	302	6	p.	p.	PROPN
fbem-10179	302	7	,	,	PUNCT
fbem-10179	302	8	&	&	CCONJ
fbem-10179	302	9	clelland	clelland	PROPN
fbem-10179	302	10	,	,	PUNCT
fbem-10179	302	11	i.	i.	PROPN
fbem-10179	302	12	(	(	PUNCT
fbem-10179	302	13	2004	2004	NUM
fbem-10179	302	14	)	)	PUNCT
fbem-10179	302	15	.	.	PUNCT
fbem-10179	303	1	talking	talk	VERB
fbem-10179	303	2	trash	trash	NOUN
fbem-10179	303	3	:	:	PUNCT
fbem-10179	303	4	legitimacy	legitimacy	NOUN
fbem-10179	303	5	,	,	PUNCT
fbem-10179	303	6	impression	impression	NOUN
fbem-10179	303	7	management	management	NOUN
fbem-10179	303	8	,	,	PUNCT
fbem-10179	303	9	and	and	CCONJ
fbem-10179	303	10	unsystematic	unsystematic	ADJ
fbem-10179	303	11	risk	risk	NOUN
fbem-10179	303	12	in	in	ADP
fbem-10179	303	13	the	the	DET
fbem-10179	303	14	context	context	NOUN
fbem-10179	303	15	of	of	ADP
fbem-10179	303	16	the	the	DET
fbem-10179	303	17	natural	natural	ADJ
fbem-10179	303	18	environment	environment	NOUN
fbem-10179	303	19	.	.	PUNCT
fbem-10179	304	1	academy	academy	PROPN
fbem-10179	304	2	of	of	ADP
fbem-10179	304	3	management	management	PROPN
fbem-10179	304	4	journal	journal	PROPN
fbem-10179	304	5	,	,	PUNCT
fbem-10179	304	6	47(1	47(1	NUM
fbem-10179	304	7	)	)	PUNCT
fbem-10179	304	8	,	,	PUNCT
fbem-10179	304	9	93	93	NUM
fbem-10179	304	10	-	-	SYM
fbem-10179	304	11	103	103	NUM
fbem-10179	304	12	.	.	PUNCT
fbem-10179	305	1	https://doi.org/10.2307/20159562	https://doi.org/10.2307/20159562	VERB
fbem-10179	305	2	[	[	X
fbem-10179	305	3	5	5	NUM
fbem-10179	305	4	]	]	X
fbem-10179	305	5	berrone	berrone	NOUN
fbem-10179	305	6	,	,	PUNCT
fbem-10179	305	7	p.	p.	NOUN
fbem-10179	305	8	,	,	PUNCT
fbem-10179	305	9	fosfuri	fosfuri	ADJ
fbem-10179	305	10	,	,	PUNCT
fbem-10179	305	11	a	a	PRON
fbem-10179	305	12	&	&	CCONJ
fbem-10179	305	13	gelabert	gelabert	PROPN
fbem-10179	305	14	,	,	PUNCT
fbem-10179	305	15	l.	l.	PROPN
fbem-10179	305	16	(	(	PUNCT
fbem-10179	305	17	2017	2017	NUM
fbem-10179	305	18	)	)	PUNCT
fbem-10179	305	19	.	.	PUNCT
fbem-10179	306	1	does	do	AUX
fbem-10179	306	2	greenwashing	greenwashe	VERB
fbem-10179	306	3	pay	pay	VERB
fbem-10179	306	4	off	off	ADP
fbem-10179	306	5	?	?	PUNCT
fbem-10179	307	1	understanding	understand	VERB
fbem-10179	307	2	the	the	DET
fbem-10179	307	3	relationship	relationship	NOUN
fbem-10179	307	4	between	between	ADP
fbem-10179	307	5	environmental	environmental	ADJ
fbem-10179	307	6	actions	action	NOUN
fbem-10179	307	7	and	and	CCONJ
fbem-10179	307	8	environmental	environmental	ADJ
fbem-10179	307	9	legitimacy	legitimacy	NOUN
fbem-10179	307	10	.	.	PUNCT
fbem-10179	308	1	journal	journal	PROPN
fbem-10179	308	2	of	of	ADP
fbem-10179	308	3	business	business	NOUN
fbem-10179	308	4	ethics	ethic	NOUN
fbem-10179	308	5	,	,	PUNCT
fbem-10179	308	6	144(2	144(2	NUM
fbem-10179	308	7	)	)	PUNCT
fbem-10179	308	8	,	,	PUNCT
fbem-10179	308	9	363	363	NUM
fbem-10179	308	10	-	-	SYM
fbem-10179	308	11	379	379	NUM
fbem-10179	308	12	.	.	PUNCT
fbem-10179	309	1	https://doi.org/10.1007/s10551-015-2816-9	https://doi.org/10.1007/s10551-015-2816-9	VERB
fbem-10179	310	1	[	[	X
fbem-10179	310	2	6	6	NUM
fbem-10179	310	3	]	]	SYM
fbem-10179	310	4	boiral	boiral	ADJ
fbem-10179	310	5	,	,	PUNCT
fbem-10179	310	6	o.	o.	ADJ
fbem-10179	310	7	,	,	PUNCT
fbem-10179	310	8	raineri	raineri	ADJ
fbem-10179	310	9	,	,	PUNCT
fbem-10179	310	10	n.	n.	NOUN
fbem-10179	310	11	,	,	PUNCT
fbem-10179	310	12	&	&	CCONJ
fbem-10179	310	13	talbot	talbot	PROPN
fbem-10179	310	14	,	,	PUNCT
fbem-10179	310	15	d.	d.	PROPN
fbem-10179	310	16	(	(	PUNCT
fbem-10179	310	17	2018	2018	NUM
fbem-10179	310	18	)	)	PUNCT
fbem-10179	310	19	.	.	PUNCT
fbem-10179	311	1	managers	manager	NOUN
fbem-10179	311	2	’	’	PART
fbem-10179	311	3	citizenship	citizenship	NOUN
fbem-10179	311	4	behaviors	behavior	NOUN
fbem-10179	311	5	for	for	ADP
fbem-10179	311	6	the	the	DET
fbem-10179	311	7	environment	environment	NOUN
fbem-10179	311	8	:	:	PUNCT
fbem-10179	311	9	a	a	DET
fbem-10179	311	10	developmental	developmental	ADJ
fbem-10179	311	11	perspective	perspective	NOUN
fbem-10179	311	12	.	.	PUNCT
fbem-10179	312	1	journal	journal	PROPN
fbem-10179	312	2	of	of	ADP
fbem-10179	312	3	business	business	NOUN
fbem-10179	312	4	ethics	ethic	NOUN
fbem-10179	312	5	,	,	PUNCT
fbem-10179	312	6	149(2	149(2	NUM
fbem-10179	312	7	)	)	PUNCT
fbem-10179	312	8	,	,	PUNCT
fbem-10179	312	9	395409．https://doi.org/10.1007	395409．https://doi.org/10.1007	NUM
fbem-10179	312	10	/	/	SYM
fbem-10179	312	11	s10551	s10551	PROPN
fbem-10179	312	12	-	-	PUNCT
fbem-10179	312	13	016	016	NUM
fbem-10179	312	14	-	-	PUNCT
fbem-10179	312	15	3098	3098	NUM
fbem-10179	312	16	-	-	SYM
fbem-10179	312	17	6	6	NUM
fbem-10179	312	18	[	[	X
fbem-10179	312	19	7	7	NUM
fbem-10179	312	20	]	]	X
fbem-10179	312	21	brooks	brooks	PROPN
fbem-10179	312	22	,	,	PUNCT
fbem-10179	312	23	c.	c.	PROPN
fbem-10179	312	24	,	,	PUNCT
fbem-10179	312	25	chen	chen	PROPN
fbem-10179	312	26	,	,	PUNCT
fbem-10179	312	27	z.	z.	PROPN
fbem-10179	312	28	&	&	CCONJ
fbem-10179	312	29	zeng	zeng	PROPN
fbem-10179	312	30	,	,	PUNCT
fbem-10179	312	31	y.q	y.q	PROPN
fbem-10179	312	32	.	.	PROPN
fbem-10179	312	33	(	(	PUNCT
fbem-10179	312	34	2018	2018	NUM
fbem-10179	312	35	)	)	PUNCT
fbem-10179	312	36	.	.	PUNCT
fbem-10179	313	1	institutional	institutional	ADJ
fbem-10179	313	2	crossownership	crossownership	NOUN
fbem-10179	313	3	and	and	CCONJ
fbem-10179	313	4	corporate	corporate	ADJ
fbem-10179	313	5	strategy	strategy	NOUN
fbem-10179	313	6	:	:	PUNCT
fbem-10179	313	7	the	the	DET
fbem-10179	313	8	case	case	NOUN
fbem-10179	313	9	of	of	ADP
fbem-10179	313	10	mergers	merger	NOUN
fbem-10179	313	11	and	and	CCONJ
fbem-10179	313	12	acquisitions	acquisition	NOUN
fbem-10179	313	13	.	.	PUNCT
fbem-10179	314	1	journal	journal	NOUN
fbem-10179	314	2	of	of	ADP
fbem-10179	314	3	corporate	corporate	ADJ
fbem-10179	314	4	finance,48	finance,48	NOUN
fbem-10179	314	5	,	,	PUNCT
fbem-10179	314	6	187	187	NUM
fbem-10179	314	7	-	-	SYM
fbem-10179	314	8	216	216	NUM
fbem-10179	314	9	.	.	PUNCT
fbem-10179	315	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	315	2	/	/	SYM
fbem-10179	315	3	j.jcorpfin.2017.11.003	j.jcorpfin.2017.11.003	PROPN
fbem-10179	315	4	[	[	X
fbem-10179	315	5	8	8	NUM
fbem-10179	315	6	]	]	X
fbem-10179	315	7	chen	chen	PROPN
fbem-10179	315	8	,	,	PUNCT
fbem-10179	315	9	y.y	y.y	PROPN
fbem-10179	315	10	.	.	PROPN
fbem-10179	315	11	,	,	PUNCT
fbem-10179	315	12	li	li	PROPN
fbem-10179	315	13	,	,	PUNCT
fbem-10179	315	14	q.y	q.y	PROPN
fbem-10179	315	15	.	.	PROPN
fbem-10179	315	16	,	,	PUNCT
fbem-10179	315	17	ng	ng	PROPN
fbem-10179	315	18	,	,	PUNCT
fbem-10179	315	19	j.	j.	PROPN
fbem-10179	315	20	&	&	CCONJ
fbem-10179	315	21	wang	wang	PROPN
fbem-10179	315	22	,	,	PUNCT
fbem-10179	315	23	c.	c.	PROPN
fbem-10179	315	24	(	(	PUNCT
fbem-10179	315	25	2021	2021	NUM
fbem-10179	315	26	)	)	PUNCT
fbem-10179	315	27	.	.	PUNCT
fbem-10179	316	1	corporate	corporate	ADJ
fbem-10179	316	2	financing	financing	NOUN
fbem-10179	316	3	of	of	ADP
fbem-10179	316	4	investment	investment	NOUN
fbem-10179	316	5	opportunities	opportunity	NOUN
fbem-10179	316	6	in	in	ADP
fbem-10179	316	7	a	a	DET
fbem-10179	316	8	world	world	NOUN
fbem-10179	316	9	of	of	ADP
fbem-10179	316	10	institutional	institutional	ADJ
fbem-10179	316	11	cross	cross	NOUN
fbem-10179	316	12	-	-	NOUN
fbem-10179	316	13	ownership	ownership	NOUN
fbem-10179	316	14	.	.	PUNCT
fbem-10179	317	1	journal	journal	NOUN
fbem-10179	317	2	of	of	ADP
fbem-10179	317	3	corporate	corporate	ADJ
fbem-10179	317	4	finance	finance	NOUN
fbem-10179	317	5	,	,	PUNCT
fbem-10179	317	6	69	69	NUM
fbem-10179	317	7	,	,	PUNCT
fbem-10179	317	8	102041	102041	NUM
fbem-10179	317	9	.	.	PUNCT
fbem-10179	318	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	318	2	/	/	SYM
fbem-10179	318	3	j.jcorpfin.2021.102041	j.jcorpfin.2021.102041	PROPN
fbem-10179	319	1	[	[	X
fbem-10179	319	2	9	9	NUM
fbem-10179	319	3	]	]	PUNCT
fbem-10179	319	4	coen	coen	PROPN
fbem-10179	319	5	,	,	PUNCT
fbem-10179	319	6	d.	d.	PROPN
fbem-10179	319	7	,	,	PUNCT
fbem-10179	319	8	herman	herman	PROPN
fbem-10179	319	9	,	,	PUNCT
fbem-10179	319	10	k.	k.	PROPN
fbem-10179	319	11	,	,	PUNCT
fbem-10179	319	12	&	&	CCONJ
fbem-10179	319	13	pegram	pegram	PROPN
fbem-10179	319	14	,	,	PUNCT
fbem-10179	319	15	t.	t.	PROPN
fbem-10179	319	16	(	(	PUNCT
fbem-10179	319	17	2022	2022	NUM
fbem-10179	319	18	)	)	PUNCT
fbem-10179	319	19	.	.	PUNCT
fbem-10179	320	1	are	be	AUX
fbem-10179	320	2	corporate	corporate	ADJ
fbem-10179	320	3	climate	climate	NOUN
fbem-10179	320	4	efforts	effort	NOUN
fbem-10179	320	5	genuine	genuine	ADJ
fbem-10179	320	6	?	?	PUNCT
fbem-10179	321	1	an	an	DET
fbem-10179	321	2	empirical	empirical	ADJ
fbem-10179	321	3	analysis	analysis	NOUN
fbem-10179	321	4	of	of	ADP
fbem-10179	321	5	the	the	DET
fbem-10179	321	6	climate	climate	NOUN
fbem-10179	321	7	“	"	PUNCT
fbem-10179	321	8	talk	talk	NOUN
fbem-10179	321	9	-	-	PUNCT
fbem-10179	321	10	walk	walk	NOUN
fbem-10179	321	11	”	"	PUNCT
fbem-10179	321	12	hypothesis	hypothesis	NOUN
fbem-10179	321	13	.	.	PUNCT
fbem-10179	322	1	business	business	NOUN
fbem-10179	322	2	strategy	strategy	NOUN
fbem-10179	322	3	and	and	CCONJ
fbem-10179	322	4	the	the	DET
fbem-10179	322	5	environment	environment	NOUN
fbem-10179	322	6	,	,	PUNCT
fbem-10179	322	7	31(7	31(7	PROPN
fbem-10179	322	8	)	)	PUNCT
fbem-10179	322	9	,	,	PUNCT
fbem-10179	322	10	3040	3040	NUM
fbem-10179	322	11	-	-	SYM
fbem-10179	322	12	3059	3059	NUM
fbem-10179	322	13	.	.	PUNCT
fbem-10179	323	1	https://doi.org/10.1002/bse.3063	https://doi.org/10.1002/bse.3063	ADV
fbem-10179	323	2	[	[	X
fbem-10179	323	3	10	10	NUM
fbem-10179	323	4	]	]	X
fbem-10179	323	5	cormier	cormier	NOUN
fbem-10179	323	6	,	,	PUNCT
fbem-10179	323	7	d.	d.	PROPN
fbem-10179	323	8	,	,	PUNCT
fbem-10179	323	9	&	&	CCONJ
fbem-10179	323	10	magnan	magnan	PROPN
fbem-10179	323	11	,	,	PUNCT
fbem-10179	323	12	m.	m.	NOUN
fbem-10179	323	13	(	(	PUNCT
fbem-10179	323	14	2015	2015	NUM
fbem-10179	323	15	)	)	PUNCT
fbem-10179	323	16	.	.	PUNCT
fbem-10179	324	1	the	the	DET
fbem-10179	324	2	economic	economic	ADJ
fbem-10179	324	3	relevance	relevance	NOUN
fbem-10179	324	4	of	of	ADP
fbem-10179	324	5	environmental	environmental	ADJ
fbem-10179	324	6	disclosure	disclosure	NOUN
fbem-10179	324	7	and	and	CCONJ
fbem-10179	324	8	its	its	PRON
fbem-10179	324	9	impact	impact	NOUN
fbem-10179	324	10	on	on	ADP
fbem-10179	324	11	corporate	corporate	ADJ
fbem-10179	324	12	legitimacy	legitimacy	NOUN
fbem-10179	324	13	:	:	PUNCT
fbem-10179	324	14	an	an	DET
fbem-10179	324	15	empirical	empirical	ADJ
fbem-10179	324	16	investigation	investigation	NOUN
fbem-10179	324	17	.	.	PUNCT
fbem-10179	325	1	business	business	NOUN
fbem-10179	325	2	strategy	strategy	NOUN
fbem-10179	325	3	and	and	CCONJ
fbem-10179	325	4	the	the	DET
fbem-10179	325	5	environment	environment	NOUN
fbem-10179	325	6	,	,	PUNCT
fbem-10179	325	7	24(6	24(6	NUM
fbem-10179	325	8	)	)	PUNCT
fbem-10179	325	9	,	,	PUNCT
fbem-10179	325	10	431	431	NUM
fbem-10179	325	11	-	-	SYM
fbem-10179	325	12	450	450	NUM
fbem-10179	325	13	.	.	PUNCT
fbem-10179	326	1	https://doi.org/10.1002/bse.1829	https://doi.org/10.1002/bse.1829	PROPN
fbem-10179	327	1	[	[	X
fbem-10179	327	2	11	11	NUM
fbem-10179	327	3	]	]	X
fbem-10179	327	4	dahlmann	dahlmann	PROPN
fbem-10179	327	5	,	,	PUNCT
fbem-10179	327	6	f.	f.	PROPN
fbem-10179	327	7	,	,	PUNCT
fbem-10179	327	8	branicki	branicki	PROPN
fbem-10179	327	9	,	,	PUNCT
fbem-10179	327	10	l.	l.	PROPN
fbem-10179	327	11	,	,	PUNCT
fbem-10179	327	12	&	&	CCONJ
fbem-10179	327	13	brammer	brammer	PROPN
fbem-10179	327	14	,	,	PUNCT
fbem-10179	327	15	s.	s.	PROPN
fbem-10179	327	16	(	(	PUNCT
fbem-10179	327	17	2019	2019	NUM
fbem-10179	327	18	)	)	PUNCT
fbem-10179	327	19	.	.	PUNCT
fbem-10179	328	1	managing	manage	VERB
fbem-10179	328	2	carbon	carbon	NOUN
fbem-10179	328	3	aspirations	aspiration	NOUN
fbem-10179	328	4	:	:	PUNCT
fbem-10179	328	5	the	the	DET
fbem-10179	328	6	influence	influence	NOUN
fbem-10179	328	7	of	of	ADP
fbem-10179	328	8	corporate	corporate	ADJ
fbem-10179	328	9	climate	climate	NOUN
fbem-10179	328	10	change	change	NOUN
fbem-10179	328	11	targets	target	NOUN
fbem-10179	328	12	on	on	ADP
fbem-10179	328	13	environmental	environmental	ADJ
fbem-10179	328	14	performance	performance	NOUN
fbem-10179	328	15	.	.	PUNCT
fbem-10179	329	1	journal	journal	NOUN
fbem-10179	329	2	of	of	ADP
fbem-10179	329	3	business	business	NOUN
fbem-10179	329	4	ethics	ethic	NOUN
fbem-10179	329	5	,	,	PUNCT
fbem-10179	329	6	158(1	158(1	NUM
fbem-10179	329	7	)	)	PUNCT
fbem-10179	329	8	,	,	PUNCT
fbem-10179	329	9	1	1	NUM
fbem-10179	329	10	-	-	SYM
fbem-10179	329	11	24	24	NUM
fbem-10179	329	12	.	.	PUNCT
fbem-10179	330	1	https://doi.org/10.1007/s10551017-3731-z	https://doi.org/10.1007/s10551017-3731-z	PROPN
fbem-10179	331	1	[	[	X
fbem-10179	331	2	12	12	NUM
fbem-10179	331	3	]	]	X
fbem-10179	331	4	delgado	delgado	PROPN
fbem-10179	331	5	-	-	PUNCT
fbem-10179	331	6	marquez	marquez	PROPN
fbem-10179	331	7	,	,	PUNCT
fbem-10179	331	8	b.l	b.l	PROPN
fbem-10179	331	9	.	.	PROPN
fbem-10179	331	10	,	,	PUNCT
fbem-10179	331	11	pedauga	pedauga	PROPN
fbem-10179	331	12	,	,	PUNCT
fbem-10179	331	13	l.e	l.e	PROPN
fbem-10179	331	14	.	.	PROPN
fbem-10179	331	15	,	,	PUNCT
fbem-10179	331	16	&	&	CCONJ
fbem-10179	331	17	cordon	cordon	PROPN
fbem-10179	331	18	-	-	PUNCT
fbem-10179	331	19	pozo	pozo	PROPN
fbem-10179	331	20	,	,	PUNCT
fbem-10179	331	21	e.	e.	PROPN
fbem-10179	331	22	(	(	PUNCT
fbem-10179	331	23	2017	2017	NUM
fbem-10179	331	24	)	)	PUNCT
fbem-10179	331	25	.	.	PUNCT
fbem-10179	332	1	industries	industry	NOUN
fbem-10179	332	2	regulation	regulation	NOUN
fbem-10179	332	3	and	and	CCONJ
fbem-10179	332	4	firm	firm	ADJ
fbem-10179	332	5	environmental	environmental	ADJ
fbem-10179	332	6	disclosure	disclosure	NOUN
fbem-10179	332	7	:	:	PUNCT
fbem-10179	332	8	a	a	DET
fbem-10179	332	9	stakeholders	stakeholder	NOUN
fbem-10179	332	10	’	'	PUNCT
fbem-10179	332	11	perspective	perspective	NOUN
fbem-10179	332	12	on	on	ADP
fbem-10179	332	13	the	the	DET
fbem-10179	332	14	importance	importance	NOUN
fbem-10179	332	15	of	of	ADP
fbem-10179	332	16	legitimation	legitimation	NOUN
fbem-10179	332	17	and	and	CCONJ
fbem-10179	332	18	international	international	ADJ
fbem-10179	332	19	activities	activity	NOUN
fbem-10179	332	20	.	.	PUNCT
fbem-10179	333	1	organization	organization	NOUN
fbem-10179	333	2	&	&	CCONJ
fbem-10179	333	3	environment	environment	PROPN
fbem-10179	333	4	,	,	PUNCT
fbem-10179	333	5	30(2	30(2	NUM
fbem-10179	333	6	)	)	PUNCT
fbem-10179	333	7	,	,	PUNCT
fbem-10179	333	8	103	103	NUM
fbem-10179	333	9	-	-	SYM
fbem-10179	333	10	121	121	NUM
fbem-10179	333	11	.	.	PUNCT
fbem-10179	334	1	https://doi.org/10.1177/1086026615622028	https://doi.org/10.1177/1086026615622028	NOUN
fbem-10179	335	1	[	[	PUNCT
fbem-10179	335	2	13	13	NUM
fbem-10179	335	3	]	]	X
fbem-10179	335	4	donia	donia	X
fbem-10179	335	5	,	,	PUNCT
fbem-10179	335	6	m.b.l	m.b.l	PROPN
fbem-10179	335	7	.	.	PROPN
fbem-10179	335	8	,	,	PUNCT
fbem-10179	335	9	&	&	CCONJ
fbem-10179	335	10	sirsly	sirsly	ADV
fbem-10179	335	11	,	,	PUNCT
fbem-10179	335	12	c.a.t	c.a.t	NOUN
fbem-10179	335	13	.	.	PUNCT
fbem-10179	336	1	(	(	PUNCT
fbem-10179	336	2	2016	2016	NUM
fbem-10179	336	3	)	)	PUNCT
fbem-10179	336	4	.	.	PUNCT
fbem-10179	337	1	determinants	determinant	NOUN
fbem-10179	337	2	and	and	CCONJ
fbem-10179	337	3	consequences	consequence	NOUN
fbem-10179	337	4	of	of	ADP
fbem-10179	337	5	employee	employee	NOUN
fbem-10179	337	6	attributions	attribution	NOUN
fbem-10179	337	7	of	of	ADP
fbem-10179	337	8	corporate	corporate	ADJ
fbem-10179	337	9	social	social	ADJ
fbem-10179	337	10	responsibility	responsibility	NOUN
fbem-10179	337	11	as	as	ADP
fbem-10179	337	12	substantive	substantive	ADJ
fbem-10179	337	13	or	or	CCONJ
fbem-10179	337	14	symbolic	symbolic	ADJ
fbem-10179	337	15	.	.	PUNCT
fbem-10179	338	1	european	european	ADJ
fbem-10179	338	2	management	management	PROPN
fbem-10179	338	3	journal	journal	PROPN
fbem-10179	338	4	,	,	PUNCT
fbem-10179	338	5	34(3	34(3	NUM
fbem-10179	338	6	)	)	PUNCT
fbem-10179	338	7	,	,	PUNCT
fbem-10179	338	8	232	232	NUM
fbem-10179	338	9	-	-	SYM
fbem-10179	338	10	242	242	NUM
fbem-10179	338	11	.	.	PUNCT
fbem-10179	339	1	https://doi.org/10.1016/j.emj.2016.02.004	https://doi.org/10.1016/j.emj.2016.02.004	PROPN
fbem-10179	340	1	[	[	X
fbem-10179	340	2	14	14	NUM
fbem-10179	340	3	]	]	X
fbem-10179	340	4	gao	gao	PROPN
fbem-10179	340	5	,	,	PUNCT
fbem-10179	340	6	k.	k.	PROPN
fbem-10179	340	7	j.	j.	PROPN
fbem-10179	340	8	,	,	PUNCT
fbem-10179	340	9	shen	shen	PROPN
fbem-10179	340	10	,	,	PUNCT
fbem-10179	340	11	h.x	h.x	PROPN
fbem-10179	340	12	.	.	PROPN
fbem-10179	340	13	,	,	PUNCT
fbem-10179	340	14	gao	gao	PROPN
fbem-10179	340	15	,	,	PUNCT
fbem-10179	340	16	x.	x.	PROPN
fbem-10179	340	17	,	,	PUNCT
fbem-10179	340	18	&	&	CCONJ
fbem-10179	340	19	chan	chan	PROPN
fbem-10179	340	20	,	,	PUNCT
fbem-10179	340	21	k.c	k.c	PROPN
fbem-10179	340	22	.	.	PROPN
fbem-10179	340	23	(	(	PUNCT
fbem-10179	340	24	2019	2019	NUM
fbem-10179	340	25	)	)	PUNCT
fbem-10179	340	26	.	.	PUNCT
fbem-10179	341	1	the	the	DET
fbem-10179	341	2	power	power	NOUN
fbem-10179	341	3	of	of	ADP
fbem-10179	341	4	sharing	sharing	NOUN
fbem-10179	341	5	:	:	PUNCT
fbem-10179	341	6	evidence	evidence	NOUN
fbem-10179	341	7	from	from	ADP
fbem-10179	341	8	institutional	institutional	ADJ
fbem-10179	341	9	investor	investor	NOUN
fbem-10179	341	10	crossownership	crossownership	NOUN
fbem-10179	341	11	and	and	CCONJ
fbem-10179	341	12	corporate	corporate	ADJ
fbem-10179	341	13	innovation	innovation	NOUN
fbem-10179	341	14	.	.	PUNCT
fbem-10179	342	1	international	international	ADJ
fbem-10179	342	2	review	review	NOUN
fbem-10179	342	3	of	of	ADP
fbem-10179	342	4	economics	economic	NOUN
fbem-10179	342	5	and	and	CCONJ
fbem-10179	342	6	finance	finance	NOUN
fbem-10179	342	7	,	,	PUNCT
fbem-10179	342	8	(	(	PUNCT
fbem-10179	342	9	63):284	63):284	NUM
fbem-10179	342	10	-	-	SYM
fbem-10179	342	11	296	296	NUM
fbem-10179	342	12	.	.	PUNCT
fbem-10179	343	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	343	2	/	/	SYM
fbem-10179	343	3	j.iref.2019.01.008	j.iref.2019.01.008	PROPN
fbem-10179	343	4	[	[	X
fbem-10179	343	5	15	15	NUM
fbem-10179	343	6	]	]	X
fbem-10179	343	7	gilje	gilje	NOUN
fbem-10179	343	8	,	,	PUNCT
fbem-10179	343	9	e.p	e.p	PROPN
fbem-10179	343	10	.	.	PROPN
fbem-10179	343	11	,	,	PUNCT
fbem-10179	343	12	gormley	gormley	PROPN
fbem-10179	343	13	,	,	PUNCT
fbem-10179	343	14	t.	t.	PROPN
fbem-10179	343	15	a.	a.	PROPN
fbem-10179	343	16	,	,	PUNCT
fbem-10179	343	17	&	&	CCONJ
fbem-10179	343	18	levit	levit	PROPN
fbem-10179	343	19	,	,	PUNCT
fbem-10179	343	20	d.	d.	PROPN
fbem-10179	343	21	(	(	PUNCT
fbem-10179	343	22	2020	2020	NUM
fbem-10179	343	23	)	)	PUNCT
fbem-10179	343	24	.	.	PUNCT
fbem-10179	344	1	who	who	PRON
fbem-10179	344	2	’s	’s	AUX
fbem-10179	344	3	paying	pay	VERB
fbem-10179	344	4	attention	attention	NOUN
fbem-10179	344	5	?	?	PUNCT
fbem-10179	345	1	measuring	measure	VERB
fbem-10179	345	2	common	common	ADJ
fbem-10179	345	3	ownership	ownership	NOUN
fbem-10179	345	4	and	and	CCONJ
fbem-10179	345	5	its	its	PRON
fbem-10179	345	6	impact	impact	NOUN
fbem-10179	345	7	on	on	ADP
fbem-10179	345	8	managerial	managerial	ADJ
fbem-10179	345	9	incentives	incentive	NOUN
fbem-10179	345	10	.	.	PUNCT
fbem-10179	346	1	journal	journal	NOUN
fbem-10179	346	2	of	of	ADP
fbem-10179	346	3	financial	financial	ADJ
fbem-10179	346	4	economics,137(1	economics,137(1	PROPN
fbem-10179	346	5	)	)	PUNCT
fbem-10179	346	6	,	,	PUNCT
fbem-10179	346	7	152	152	NUM
fbem-10179	346	8	-	-	SYM
fbem-10179	346	9	178	178	NUM
fbem-10179	346	10	.	.	PUNCT
fbem-10179	347	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	347	2	/	/	SYM
fbem-10179	347	3	j.jfineco.2019.12.006	j.jfineco.2019.12.006	PROPN
fbem-10179	348	1	[	[	X
fbem-10179	348	2	16	16	NUM
fbem-10179	348	3	]	]	X
fbem-10179	348	4	gray	gray	ADJ
fbem-10179	348	5	,	,	PUNCT
fbem-10179	348	6	s.g	s.g	PROPN
fbem-10179	348	7	.	.	PROPN
fbem-10179	348	8	,	,	PUNCT
fbem-10179	348	9	suetterlin	suetterlin	PROPN
fbem-10179	348	10	,	,	PUNCT
fbem-10179	348	11	b.	b.	PROPN
fbem-10179	348	12	,	,	PUNCT
fbem-10179	348	13	siegrist	siegrist	NOUN
fbem-10179	348	14	,	,	PUNCT
fbem-10179	348	15	m.	m.	NOUN
fbem-10179	348	16	,	,	PUNCT
fbem-10179	348	17	&	&	CCONJ
fbem-10179	348	18	arvai	arvai	PROPN
fbem-10179	348	19	,	,	PUNCT
fbem-10179	348	20	j.	j.	PROPN
fbem-10179	348	21	(	(	PUNCT
fbem-10179	348	22	2020	2020	NUM
fbem-10179	348	23	)	)	PUNCT
fbem-10179	348	24	.	.	PUNCT
fbem-10179	349	1	the	the	DET
fbem-10179	349	2	benefit	benefit	NOUN
fbem-10179	349	3	of	of	ADP
fbem-10179	349	4	virtue	virtue	NOUN
fbem-10179	349	5	signaling	signal	VERB
fbem-10179	349	6	:	:	PUNCT
fbem-10179	349	7	corporate	corporate	ADJ
fbem-10179	349	8	sleight	sleight	NOUN
fbem-10179	349	9	-	-	PUNCT
fbem-10179	349	10	of	of	ADP
fbem-10179	349	11	-	-	PUNCT
fbem-10179	349	12	hand	hand	NOUN
fbem-10179	349	13	positively	positively	ADV
fbem-10179	349	14	influences	influence	VERB
fbem-10179	349	15	consumers	consumer	NOUN
fbem-10179	349	16	’	'	PUNCT
fbem-10179	349	17	judgments	judgment	NOUN
fbem-10179	349	18	about	about	ADP
fbem-10179	349	19	“	"	PUNCT
fbem-10179	349	20	social	social	ADJ
fbem-10179	349	21	license	license	NOUN
fbem-10179	349	22	to	to	PART
fbem-10179	349	23	operate	operate	VERB
fbem-10179	349	24	”	"	PUNCT
fbem-10179	349	25	.	.	PUNCT
fbem-10179	350	1	journal	journal	PROPN
fbem-10179	350	2	of	of	ADP
fbem-10179	350	3	environmental	environmental	ADJ
fbem-10179	350	4	management	management	NOUN
fbem-10179	350	5	,	,	PUNCT
fbem-10179	350	6	260(4	260(4	NUM
fbem-10179	350	7	)	)	PUNCT
fbem-10179	350	8	,	,	PUNCT
fbem-10179	350	9	110047	110047	NUM
fbem-10179	350	10	.	.	PUNCT
fbem-10179	351	1	https://doi.org/10.1016/j.jenvman.2019.110047	https://doi.org/10.1016/j.jenvman.2019.110047	NOUN
fbem-10179	351	2	[	[	X
fbem-10179	351	3	17	17	NUM
fbem-10179	351	4	]	]	PUNCT
fbem-10179	351	5	he	he	PRON
fbem-10179	351	6	,	,	PUNCT
fbem-10179	351	7	j.	j.	PROPN
fbem-10179	351	8	,	,	PUNCT
fbem-10179	351	9	&	&	CCONJ
fbem-10179	351	10	huang	huang	PROPN
fbem-10179	351	11	,	,	PUNCT
fbem-10179	351	12	j.k	j.k	PROPN
fbem-10179	351	13	.	.	PROPN
fbem-10179	351	14	(	(	PUNCT
fbem-10179	351	15	2017	2017	NUM
fbem-10179	351	16	)	)	PUNCT
fbem-10179	351	17	.	.	PUNCT
fbem-10179	352	1	product	product	NOUN
fbem-10179	352	2	market	market	NOUN
fbem-10179	352	3	competition	competition	NOUN
fbem-10179	352	4	in	in	ADP
fbem-10179	352	5	a	a	DET
fbem-10179	352	6	world	world	NOUN
fbem-10179	352	7	of	of	ADP
fbem-10179	352	8	cross	cross	NOUN
fbem-10179	352	9	-	-	NOUN
fbem-10179	352	10	ownership	ownership	NOUN
fbem-10179	352	11	:	:	PUNCT
fbem-10179	352	12	evidence	evidence	NOUN
fbem-10179	352	13	from	from	ADP
fbem-10179	352	14	institutional	institutional	ADJ
fbem-10179	352	15	blockholdings	blockholding	NOUN
fbem-10179	352	16	.	.	PUNCT
fbem-10179	353	1	review	review	NOUN
fbem-10179	353	2	of	of	ADP
fbem-10179	353	3	financial	financial	ADJ
fbem-10179	353	4	studies	study	NOUN
fbem-10179	353	5	,	,	PUNCT
fbem-10179	353	6	30(8	30(8	NOUN
fbem-10179	353	7	)	)	PUNCT
fbem-10179	353	8	,	,	PUNCT
fbem-10179	353	9	2674	2674	NUM
fbem-10179	353	10	-	-	SYM
fbem-10179	353	11	2718	2718	NUM
fbem-10179	353	12	.	.	PUNCT
fbem-10179	354	1	https://doi.10.1093	https://doi.10.1093	NOUN
fbem-10179	354	2	/	/	SYM
fbem-10179	354	3	rfs	rfs	PROPN
fbem-10179	354	4	/	/	SYM
fbem-10179	354	5	hhx028	hhx028	NOUN
fbem-10179	354	6	[	[	X
fbem-10179	354	7	18	18	NUM
fbem-10179	354	8	]	]	X
fbem-10179	354	9	huang	huang	PROPN
fbem-10179	354	10	,	,	PUNCT
fbem-10179	354	11	r.	r.	PROPN
fbem-10179	354	12	,	,	PUNCT
fbem-10179	354	13	&	&	CCONJ
fbem-10179	354	14	chen	chen	PROPN
fbem-10179	354	15	,	,	PUNCT
fbem-10179	354	16	d.	d.	PROPN
fbem-10179	354	17	(	(	PUNCT
fbem-10179	354	18	2015	2015	NUM
fbem-10179	354	19	)	)	PUNCT
fbem-10179	354	20	.	.	PUNCT
fbem-10179	355	1	does	do	VERB
fbem-10179	355	2	environmental	environmental	ADJ
fbem-10179	355	3	information	information	NOUN
fbem-10179	355	4	disclosure	disclosure	NOUN
fbem-10179	355	5	benefit	benefit	NOUN
fbem-10179	355	6	waste	waste	NOUN
fbem-10179	355	7	discharge	discharge	NOUN
fbem-10179	355	8	reduction	reduction	NOUN
fbem-10179	355	9	?	?	PUNCT
fbem-10179	356	1	evidence	evidence	NOUN
fbem-10179	356	2	from	from	ADP
fbem-10179	356	3	china	china	PROPN
fbem-10179	356	4	.	.	PUNCT
fbem-10179	357	1	journal	journal	PROPN
fbem-10179	357	2	of	of	ADP
fbem-10179	357	3	business	business	NOUN
fbem-10179	357	4	ethics	ethic	NOUN
fbem-10179	357	5	,	,	PUNCT
fbem-10179	357	6	129(3	129(3	NUM
fbem-10179	357	7	)	)	PUNCT
fbem-10179	357	8	,	,	PUNCT
fbem-10179	357	9	535552	535552	NUM
fbem-10179	357	10	.	.	PUNCT
fbem-10179	358	1	https://doi.org/10.1007/s10551-014-2173-0	https://doi.org/10.1007/s10551-014-2173-0	PRON
fbem-10179	358	2	[	[	X
fbem-10179	358	3	19	19	NUM
fbem-10179	358	4	]	]	X
fbem-10179	358	5	huang	huang	PROPN
fbem-10179	358	6	,	,	PUNCT
fbem-10179	358	7	y.	y.	PROPN
fbem-10179	358	8	,	,	PUNCT
fbem-10179	358	9	francoeur	francoeur	PROPN
fbem-10179	358	10	,	,	PUNCT
fbem-10179	358	11	c.	c.	PROPN
fbem-10179	358	12	,	,	PUNCT
fbem-10179	358	13	&	&	CCONJ
fbem-10179	358	14	brammer	brammer	PROPN
fbem-10179	358	15	,	,	PUNCT
fbem-10179	358	16	s.	s.	PROPN
fbem-10179	358	17	(	(	PUNCT
fbem-10179	358	18	2022	2022	NUM
fbem-10179	358	19	)	)	PUNCT
fbem-10179	358	20	.	.	PUNCT
fbem-10179	359	1	what	what	PRON
fbem-10179	359	2	drives	drive	VERB
fbem-10179	359	3	and	and	CCONJ
fbem-10179	359	4	curbs	curb	NOUN
fbem-10179	359	5	brownwashing	brownwashe	VERB
fbem-10179	359	6	？	？	PUNCT
fbem-10179	359	7	business	business	NOUN
fbem-10179	359	8	strategy	strategy	NOUN
fbem-10179	359	9	and	and	CCONJ
fbem-10179	359	10	the	the	DET
fbem-10179	359	11	environment	environment	NOUN
fbem-10179	359	12	,	,	PUNCT
fbem-10179	359	13	31(5	31(5	NUM
fbem-10179	359	14	)	)	PUNCT
fbem-10179	359	15	,	,	PUNCT
fbem-10179	359	16	2518	2518	NUM
fbem-10179	359	17	-	-	SYM
fbem-10179	359	18	2532	2532	NUM
fbem-10179	359	19	.	.	PUNCT
fbem-10179	360	1	https://doi.org/10.1002/bse.3041	https://doi.org/10.1002/bse.3041	NOUN
fbem-10179	361	1	[	[	X
fbem-10179	361	2	20	20	NUM
fbem-10179	361	3	]	]	SYM
fbem-10179	361	4	jamali	jamali	PROPN
fbem-10179	361	5	,	,	PUNCT
fbem-10179	361	6	d.	d.	PROPN
fbem-10179	361	7	,	,	PUNCT
fbem-10179	361	8	&	&	CCONJ
fbem-10179	361	9	karam	karam	PROPN
fbem-10179	361	10	,	,	PUNCT
fbem-10179	361	11	c.	c.	PROPN
fbem-10179	361	12	(	(	PUNCT
fbem-10179	361	13	2018	2018	NUM
fbem-10179	361	14	)	)	PUNCT
fbem-10179	361	15	.	.	PUNCT
fbem-10179	362	1	corporate	corporate	ADJ
fbem-10179	362	2	social	social	ADJ
fbem-10179	362	3	responsibility	responsibility	NOUN
fbem-10179	362	4	in	in	ADP
fbem-10179	362	5	developing	develop	VERB
fbem-10179	362	6	countries	country	NOUN
fbem-10179	362	7	as	as	ADP
fbem-10179	362	8	an	an	DET
fbem-10179	362	9	emerging	emerge	VERB
fbem-10179	362	10	field	field	NOUN
fbem-10179	362	11	of	of	ADP
fbem-10179	362	12	study	study	NOUN
fbem-10179	362	13	.	.	PUNCT
fbem-10179	363	1	international	international	ADJ
fbem-10179	363	2	journal	journal	PROPN
fbem-10179	363	3	of	of	ADP
fbem-10179	363	4	management	management	NOUN
fbem-10179	363	5	reviews	review	NOUN
fbem-10179	363	6	,	,	PUNCT
fbem-10179	363	7	20(1	20(1	NUM
fbem-10179	363	8	)	)	PUNCT
fbem-10179	363	9	,	,	PUNCT
fbem-10179	363	10	32	32	NUM
fbem-10179	363	11	-	-	SYM
fbem-10179	363	12	61	61	NUM
fbem-10179	363	13	.	.	PUNCT
fbem-10179	364	1	https://doi.org/10.1111/ijmr.12112	https://doi.org/10.1111/ijmr.12112	PROPN
fbem-10179	364	2	[	[	X
fbem-10179	364	3	21	21	NUM
fbem-10179	364	4	]	]	X
fbem-10179	364	5	kang	kang	PROPN
fbem-10179	364	6	,	,	PUNCT
fbem-10179	364	7	j.	j.	PROPN
fbem-10179	364	8	k.	k.	PROPN
fbem-10179	364	9	,	,	PUNCT
fbem-10179	364	10	luo	luo	PROPN
fbem-10179	364	11	,	,	PUNCT
fbem-10179	364	12	j.	j.	PROPN
fbem-10179	364	13	,	,	PUNCT
fbem-10179	364	14	&	&	CCONJ
fbem-10179	364	15	na	na	PROPN
fbem-10179	364	16	,	,	PUNCT
fbem-10179	364	17	h.s	h.s	PROPN
fbem-10179	364	18	.	.	PROPN
fbem-10179	364	19	(	(	PUNCT
fbem-10179	364	20	2018	2018	NUM
fbem-10179	364	21	)	)	PUNCT
fbem-10179	364	22	.	.	PUNCT
fbem-10179	365	1	are	be	AUX
fbem-10179	365	2	institutional	institutional	ADJ
fbem-10179	365	3	investors	investor	NOUN
fbem-10179	365	4	with	with	ADP
fbem-10179	365	5	multiple	multiple	ADJ
fbem-10179	365	6	blockholdings	blockholding	NOUN
fbem-10179	365	7	effective	effective	ADJ
fbem-10179	365	8	monitors	monitor	NOUN
fbem-10179	365	9	.	.	PUNCT
fbem-10179	366	1	journal	journal	NOUN
fbem-10179	366	2	of	of	ADP
fbem-10179	366	3	financial	financial	PROPN
fbem-10179	366	4	economics,128(3	economics,128(3	PROPN
fbem-10179	366	5	)	)	PUNCT
fbem-10179	366	6	,	,	PUNCT
fbem-10179	366	7	576	576	NUM
fbem-10179	366	8	-	-	SYM
fbem-10179	366	9	602	602	NUM
fbem-10179	366	10	.	.	PUNCT
fbem-10179	367	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	367	2	/	/	SYM
fbem-10179	367	3	j.jfineco.2018.03.005	j.jfineco.2018.03.005	PROPN
fbem-10179	368	1	[	[	X
fbem-10179	368	2	22	22	NUM
fbem-10179	368	3	]	]	X
fbem-10179	368	4	kim	kim	PROPN
fbem-10179	368	5	,	,	PUNCT
fbem-10179	368	6	e.	e.	PROPN
fbem-10179	368	7	,	,	PUNCT
fbem-10179	368	8	&	&	CCONJ
fbem-10179	368	9	lyon	lyon	PROPN
fbem-10179	368	10	,	,	PUNCT
fbem-10179	368	11	t.	t.	PROPN
fbem-10179	368	12	(	(	PUNCT
fbem-10179	368	13	2011	2011	NUM
fbem-10179	368	14	)	)	PUNCT
fbem-10179	368	15	.	.	PUNCT
fbem-10179	369	1	strategic	strategic	ADJ
fbem-10179	369	2	environmental	environmental	ADJ
fbem-10179	369	3	disclosure	disclosure	NOUN
fbem-10179	369	4	:	:	PUNCT
fbem-10179	369	5	evidence	evidence	NOUN
fbem-10179	369	6	from	from	ADP
fbem-10179	369	7	the	the	DET
fbem-10179	369	8	doe	doe	NOUN
fbem-10179	369	9	’s	’s	PART
fbem-10179	369	10	voluntary	voluntary	ADJ
fbem-10179	369	11	greenhouse	greenhouse	NOUN
fbem-10179	369	12	gas	gas	NOUN
fbem-10179	369	13	registry	registry	NOUN
fbem-10179	369	14	.	.	PUNCT
fbem-10179	370	1	journal	journal	PROPN
fbem-10179	370	2	of	of	ADP
fbem-10179	370	3	environmental	environmental	ADJ
fbem-10179	370	4	economics	economic	NOUN
fbem-10179	370	5	and	and	CCONJ
fbem-10179	370	6	management	management	NOUN
fbem-10179	370	7	,	,	PUNCT
fbem-10179	370	8	61(3	61(3	NUM
fbem-10179	370	9	)	)	PUNCT
fbem-10179	370	10	,	,	PUNCT
fbem-10179	370	11	311	311	NUM
fbem-10179	370	12	-	-	SYM
fbem-10179	370	13	326	326	NUM
fbem-10179	370	14	.	.	PUNCT
fbem-10179	371	1	https://doi.org/10.1016/j.jeem.2010.11.001	https://doi.org/10.1016/j.jeem.2010.11.001	PROPN
fbem-10179	372	1	[	[	X
fbem-10179	372	2	23	23	NUM
fbem-10179	372	3	]	]	X
fbem-10179	372	4	kim	kim	PROPN
fbem-10179	372	5	,	,	PUNCT
fbem-10179	372	6	p.	p.	PROPN
fbem-10179	372	7	h.	h.	PROPN
fbem-10179	372	8	,	,	PUNCT
fbem-10179	372	9	wiltermuth	wiltermuth	PROPN
fbem-10179	372	10	,	,	PUNCT
fbem-10179	372	11	s.	s.	PROPN
fbem-10179	372	12	s.	s.	PROPN
fbem-10179	372	13	,	,	PUNCT
fbem-10179	372	14	&	&	CCONJ
fbem-10179	372	15	newman	newman	PROPN
fbem-10179	372	16	,	,	PUNCT
fbem-10179	372	17	d.	d.	PROPN
fbem-10179	372	18	t.	t.	PROPN
fbem-10179	372	19	(	(	PUNCT
fbem-10179	372	20	2021	2021	NUM
fbem-10179	372	21	)	)	PUNCT
fbem-10179	372	22	.	.	PUNCT
fbem-10179	373	1	a	a	DET
fbem-10179	373	2	theory	theory	NOUN
fbem-10179	373	3	of	of	ADP
fbem-10179	373	4	ethical	ethical	ADJ
fbem-10179	373	5	accounting	accounting	NOUN
fbem-10179	373	6	and	and	CCONJ
fbem-10179	373	7	its	its	PRON
fbem-10179	373	8	implications	implication	NOUN
fbem-10179	373	9	for	for	ADP
fbem-10179	373	10	hypocrisy	hypocrisy	NOUN
fbem-10179	373	11	in	in	ADP
fbem-10179	373	12	organizations	organization	NOUN
fbem-10179	373	13	.	.	PUNCT
fbem-10179	374	1	academy	academy	PROPN
fbem-10179	374	2	of	of	ADP
fbem-10179	374	3	management	management	PROPN
fbem-10179	374	4	review	review	PROPN
fbem-10179	374	5	,	,	PUNCT
fbem-10179	374	6	46(1	46(1	PROPN
fbem-10179	374	7	)	)	PUNCT
fbem-10179	374	8	,	,	PUNCT
fbem-10179	374	9	172	172	NUM
fbem-10179	374	10	-	-	SYM
fbem-10179	374	11	191	191	NUM
fbem-10179	374	12	.	.	PUNCT
fbem-10179	375	1	https://doi.org/10.5465/amr.2018.0161	https://doi.org/10.5465/amr.2018.0161	ADJ
fbem-10179	375	2	[	[	PUNCT
fbem-10179	375	3	24	24	NUM
fbem-10179	375	4	]	]	SYM
fbem-10179	375	5	kirchhoff	kirchhoff	NOUN
fbem-10179	375	6	,	,	PUNCT
fbem-10179	375	7	s.	s.	PROPN
fbem-10179	375	8	(	(	PUNCT
fbem-10179	375	9	2000	2000	NUM
fbem-10179	375	10	)	)	PUNCT
fbem-10179	375	11	.	.	PUNCT
fbem-10179	376	1	green	green	ADJ
fbem-10179	376	2	business	business	NOUN
fbem-10179	376	3	and	and	CCONJ
fbem-10179	376	4	blue	blue	ADJ
fbem-10179	376	5	angels	angel	NOUN
fbem-10179	376	6	:	:	PUNCT
fbem-10179	376	7	a	a	DET
fbem-10179	376	8	model	model	NOUN
fbem-10179	376	9	of	of	ADP
fbem-10179	376	10	volunta	volunta	PROPN
fbem-10179	376	11	114	114	NUM
fbem-10179	376	12	ry	ry	NOUN
fbem-10179	376	13	overcompliance	overcompliance	NOUN
fbem-10179	376	14	with	with	ADP
fbem-10179	376	15	asymmetric	asymmetric	ADJ
fbem-10179	376	16	information	information	NOUN
fbem-10179	376	17	.	.	PUNCT
fbem-10179	377	1	environmental	environmental	ADJ
fbem-10179	377	2	and	and	CCONJ
fbem-10179	377	3	resource	resource	NOUN
fbem-10179	377	4	economics	economic	NOUN
fbem-10179	377	5	,	,	PUNCT
fbem-10179	377	6	15(4	15(4	NUM
fbem-10179	377	7	)	)	PUNCT
fbem-10179	377	8	,	,	PUNCT
fbem-10179	377	9	403	403	NUM
fbem-10179	377	10	-	-	SYM
fbem-10179	377	11	420	420	NUM
fbem-10179	377	12	.	.	PUNCT
fbem-10179	378	1	https://doi.org/10.1023/a:1008303614250	https://doi.org/10.1023/a:1008303614250	PROPN
fbem-10179	378	2	[	[	X
fbem-10179	378	3	25	25	NUM
fbem-10179	378	4	]	]	X
fbem-10179	378	5	koch	koch	PROPN
fbem-10179	378	6	,	,	PUNCT
fbem-10179	378	7	a.	a.	PROPN
fbem-10179	378	8	,	,	PUNCT
fbem-10179	378	9	panayides	panayide	NOUN
fbem-10179	378	10	,	,	PUNCT
fbem-10179	378	11	m.	m.	NOUN
fbem-10179	378	12	,	,	PUNCT
fbem-10179	378	13	&	&	CCONJ
fbem-10179	378	14	thomas	thomas	PROPN
fbem-10179	378	15	,	,	PUNCT
fbem-10179	378	16	s.	s.	PROPN
fbem-10179	378	17	(	(	PUNCT
fbem-10179	378	18	2021	2021	NUM
fbem-10179	378	19	)	)	PUNCT
fbem-10179	378	20	.	.	PUNCT
fbem-10179	379	1	common	common	ADJ
fbem-10179	379	2	ownership	ownership	NOUN
fbem-10179	379	3	and	and	CCONJ
fbem-10179	379	4	competition	competition	NOUN
fbem-10179	379	5	in	in	ADP
fbem-10179	379	6	product	product	NOUN
fbem-10179	379	7	markets	market	NOUN
fbem-10179	379	8	.	.	PUNCT
fbem-10179	380	1	journal	journal	NOUN
fbem-10179	380	2	of	of	ADP
fbem-10179	380	3	financial	financial	ADJ
fbem-10179	380	4	economics,139(1	economics,139(1	NOUN
fbem-10179	380	5	)	)	PUNCT
fbem-10179	380	6	,	,	PUNCT
fbem-10179	380	7	109	109	NUM
fbem-10179	380	8	-	-	SYM
fbem-10179	380	9	137	137	NUM
fbem-10179	380	10	.	.	PUNCT
fbem-10179	381	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	381	2	/	/	SYM
fbem-10179	381	3	j.jfineco.2020.07.007	j.jfineco.2020.07.007	PROPN
fbem-10179	382	1	[	[	X
fbem-10179	382	2	26	26	NUM
fbem-10179	382	3	]	]	X
fbem-10179	382	4	koh	koh	PROPN
fbem-10179	382	5	,	,	PUNCT
fbem-10179	382	6	s.	s.	PROPN
fbem-10179	382	7	,	,	PUNCT
fbem-10179	382	8	durand	durand	PROPN
fbem-10179	382	9	,	,	PUNCT
fbem-10179	382	10	r.	r.	PROPN
fbem-10179	382	11	,	,	PUNCT
fbem-10179	382	12	dai	dai	PROPN
fbem-10179	382	13	,	,	PUNCT
fbem-10179	382	14	l.l	l.l	PROPN
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fbem-10179	382	16	,	,	PUNCT
fbem-10179	382	17	&	&	CCONJ
fbem-10179	382	18	chang	chang	PROPN
fbem-10179	382	19	,	,	PUNCT
fbem-10179	382	20	m.	m.	NOUN
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fbem-10179	382	22	2015	2015	NUM
fbem-10179	382	23	)	)	PUNCT
fbem-10179	382	24	.	.	PUNCT
fbem-10179	383	1	financial	financial	ADJ
fbem-10179	383	2	distress	distress	NOUN
fbem-10179	383	3	:	:	PUNCT
fbem-10179	383	4	lifecycle	lifecycle	NOUN
fbem-10179	383	5	and	and	CCONJ
fbem-10179	383	6	corporate	corporate	ADJ
fbem-10179	383	7	restructuring	restructuring	NOUN
fbem-10179	383	8	.	.	PUNCT
fbem-10179	384	1	journal	journal	NOUN
fbem-10179	384	2	of	of	ADP
fbem-10179	384	3	corporate	corporate	ADJ
fbem-10179	384	4	finance	finance	NOUN
fbem-10179	384	5	,	,	PUNCT
fbem-10179	384	6	33	33	NUM
fbem-10179	384	7	,	,	PUNCT
fbem-10179	384	8	19	19	NUM
fbem-10179	384	9	-	-	SYM
fbem-10179	384	10	33	33	NUM
fbem-10179	384	11	.	.	PUNCT
fbem-10179	385	1	https://doi.10.1016	https://doi.10.1016	PROPN
fbem-10179	385	2	/	/	SYM
fbem-10179	385	3	j.jcorpfin.2015.04.004	j.jcorpfin.2015.04.004	PROPN
fbem-10179	385	4	.	.	PUNCT
fbem-10179	386	1	[	[	X
fbem-10179	386	2	27	27	NUM
fbem-10179	386	3	]	]	X
fbem-10179	386	4	lee	lee	PROPN
fbem-10179	386	5	,	,	PUNCT
fbem-10179	386	6	m.t	m.t	PROPN
fbem-10179	386	7	.	.	PROPN
fbem-10179	386	8	,	,	PUNCT
fbem-10179	386	9	&	&	CCONJ
fbem-10179	386	10	raschke	raschke	PROPN
fbem-10179	386	11	,	,	PUNCT
fbem-10179	386	12	r.l	r.l	PROPN
fbem-10179	386	13	.	.	PROPN
fbem-10179	386	14	(	(	PUNCT
fbem-10179	386	15	2022	2022	NUM
fbem-10179	386	16	)	)	PUNCT
fbem-10179	386	17	.	.	PUNCT
fbem-10179	387	1	stakeholder	stakeholder	NOUN
fbem-10179	387	2	legitimacy	legitimacy	NOUN
fbem-10179	387	3	in	in	ADP
fbem-10179	387	4	firm	firm	ADJ
fbem-10179	387	5	greening	greening	NOUN
fbem-10179	387	6	and	and	CCONJ
fbem-10179	387	7	financial	financial	ADJ
fbem-10179	387	8	performance	performance	NOUN
fbem-10179	387	9	:	:	PUNCT
fbem-10179	387	10	what	what	PRON
fbem-10179	387	11	about	about	ADP
fbem-10179	387	12	greenwashing	greenwashe	VERB
fbem-10179	387	13	temptations	temptation	NOUN
fbem-10179	387	14	?	?	PUNCT
fbem-10179	388	1	journal	journal	NOUN
fbem-10179	388	2	of	of	ADP
fbem-10179	388	3	business	business	NOUN
fbem-10179	388	4	research	research	NOUN
fbem-10179	388	5	,	,	PUNCT
fbem-10179	388	6	155	155	NUM
fbem-10179	388	7	,	,	PUNCT
fbem-10179	388	8	113393	113393	NUM
fbem-10179	388	9	.	.	PUNCT
fbem-10179	389	1	https://doi.org/10.1016/j.jbusres.2022.113393	https://doi.org/10.1016/j.jbusres.2022.113393	NOUN
fbem-10179	390	1	[	[	X
fbem-10179	390	2	28	28	NUM
fbem-10179	390	3	]	]	X
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fbem-10179	390	7	.	.	PROPN
fbem-10179	390	8	,	,	PUNCT
fbem-10179	390	9	chen	chen	PROPN
fbem-10179	390	10	,	,	PUNCT
fbem-10179	390	11	q.	q.	PROPN
fbem-10179	390	12	,	,	PUNCT
fbem-10179	390	13	xu	xu	PROPN
fbem-10179	390	14	,	,	PUNCT
fbem-10179	390	15	l.	l.	PROPN
fbem-10179	390	16	,	,	PUNCT
fbem-10179	390	17	wang	wang	PROPN
fbem-10179	390	18	,	,	PUNCT
fbem-10179	390	19	j.	j.	PROPN
fbem-10179	390	20	,	,	PUNCT
fbem-10179	390	21	&	&	CCONJ
fbem-10179	390	22	vasa	vasa	PROPN
fbem-10179	390	23	,	,	PUNCT
fbem-10179	390	24	l.	l.	PROPN
fbem-10179	390	25	(	(	PUNCT
fbem-10179	390	26	2022	2022	NUM
fbem-10179	390	27	)	)	PUNCT
fbem-10179	390	28	.	.	PUNCT
fbem-10179	391	1	sustainable	sustainable	ADJ
fbem-10179	391	2	corporate	corporate	ADJ
fbem-10179	391	3	environmental	environmental	ADJ
fbem-10179	391	4	information	information	NOUN
fbem-10179	391	5	disclosure	disclosure	NOUN
fbem-10179	391	6	:	:	PUNCT
fbem-10179	391	7	evidence	evidence	NOUN
fbem-10179	391	8	for	for	ADP
fbem-10179	391	9	green	green	ADJ
fbem-10179	391	10	recovery	recovery	NOUN
fbem-10179	391	11	from	from	ADP
fbem-10179	391	12	polluting	pollute	VERB
fbem-10179	391	13	firms	firm	NOUN
fbem-10179	391	14	of	of	ADP
fbem-10179	391	15	china	china	PROPN
fbem-10179	391	16	.	.	PUNCT
fbem-10179	392	1	frontiers	frontier	NOUN
fbem-10179	392	2	in	in	ADP
fbem-10179	392	3	environmental	environmental	ADJ
fbem-10179	392	4	science	science	NOUN
fbem-10179	392	5	,	,	PUNCT
fbem-10179	392	6	10	10	NUM
fbem-10179	392	7	,	,	PUNCT
fbem-10179	392	8	1019499	1019499	NUM
fbem-10179	392	9	.	.	PUNCT
fbem-10179	393	1	https://doi.org/10.3389/fenvs.2022.1019499	https://doi.org/10.3389/fenvs.2022.1019499	PROPN
fbem-10179	393	2	[	[	X
fbem-10179	393	3	29	29	NUM
fbem-10179	393	4	]	]	X
fbem-10179	393	5	luo	luo	PROPN
fbem-10179	393	6	,	,	PUNCT
fbem-10179	393	7	x.	x.	PROPN
fbem-10179	393	8	,	,	PUNCT
fbem-10179	393	9	&	&	CCONJ
fbem-10179	393	10	wang	wang	PROPN
fbem-10179	393	11	,	,	PUNCT
fbem-10179	393	12	d.	d.	PROPN
fbem-10179	393	13	(	(	PUNCT
fbem-10179	393	14	2021	2021	NUM
fbem-10179	393	15	)	)	PUNCT
fbem-10179	393	16	.	.	PUNCT
fbem-10179	394	1	are	be	AUX
fbem-10179	394	2	politically	politically	ADV
fbem-10179	394	3	endorsed	endorse	VERB
fbem-10179	394	4	firms	firm	NOUN
fbem-10179	394	5	more	more	ADV
fbem-10179	394	6	socially	socially	ADV
fbem-10179	394	7	responsible	responsible	ADJ
fbem-10179	394	8	?	?	PUNCT
fbem-10179	395	1	selective	selective	ADJ
fbem-10179	395	2	engagement	engagement	NOUN
fbem-10179	395	3	in	in	ADP
fbem-10179	395	4	corporate	corporate	ADJ
fbem-10179	395	5	social	social	ADJ
fbem-10179	395	6	responsibility	responsibility	NOUN
fbem-10179	395	7	.	.	PUNCT
fbem-10179	396	1	journal	journal	PROPN
fbem-10179	396	2	of	of	ADP
fbem-10179	396	3	business	business	NOUN
fbem-10179	396	4	ethics	ethic	NOUN
fbem-10179	396	5	,	,	PUNCT
fbem-10179	396	6	170(3	170(3	NUM
fbem-10179	396	7	)	)	PUNCT
fbem-10179	396	8	,	,	PUNCT
fbem-10179	396	9	535	535	NUM
fbem-10179	396	10	-	-	SYM
fbem-10179	396	11	555	555	NUM
fbem-10179	396	12	.	.	PUNCT
fbem-10179	397	1	https://doi.org/10.1007/s10551-019-04367-6	https://doi.org/10.1007/s10551-019-04367-6	VERB
fbem-10179	398	1	[	[	X
fbem-10179	398	2	30	30	NUM
fbem-10179	398	3	]	]	X
fbem-10179	398	4	marquis	marquis	PROPN
fbem-10179	398	5	,	,	PUNCT
fbem-10179	398	6	c.	c.	PROPN
fbem-10179	398	7	,	,	PUNCT
fbem-10179	398	8	toffel	toffel	NOUN
fbem-10179	398	9	,	,	PUNCT
fbem-10179	398	10	m.	m.	NOUN
fbem-10179	398	11	w	w	PROPN
fbem-10179	398	12	&	&	CCONJ
fbem-10179	398	13	zhou	zhou	PROPN
fbem-10179	398	14	,	,	PUNCT
fbem-10179	398	15	y.	y.	PROPN
fbem-10179	398	16	(	(	PUNCT
fbem-10179	398	17	2016	2016	NUM
fbem-10179	398	18	)	)	PUNCT
fbem-10179	398	19	.	.	PUNCT
fbem-10179	399	1	scrutiny	scrutiny	NOUN
fbem-10179	399	2	,	,	PUNCT
fbem-10179	399	3	norms	norm	NOUN
fbem-10179	399	4	,	,	PUNCT
fbem-10179	399	5	and	and	CCONJ
fbem-10179	399	6	selective	selective	ADJ
fbem-10179	399	7	disclosure	disclosure	NOUN
fbem-10179	399	8	:	:	PUNCT
fbem-10179	399	9	a	a	DET
fbem-10179	399	10	global	global	ADJ
fbem-10179	399	11	study	study	NOUN
fbem-10179	399	12	of	of	ADP
fbem-10179	399	13	greenwashing	greenwashing	NOUN
fbem-10179	399	14	.	.	PUNCT
fbem-10179	400	1	organization	organization	NOUN
fbem-10179	400	2	science	science	NOUN
fbem-10179	400	3	,	,	PUNCT
fbem-10179	400	4	27(2	27(2	NUM
fbem-10179	400	5	)	)	PUNCT
fbem-10179	400	6	,	,	PUNCT
fbem-10179	400	7	483504．https://doi.org/10.1287	483504．https://doi.org/10.1287	NUM
fbem-10179	400	8	/	/	SYM
fbem-10179	400	9	orsc.2015.1039	orsc.2015.1039	NOUN
fbem-10179	400	10	[	[	X
fbem-10179	400	11	31	31	NUM
fbem-10179	400	12	]	]	SYM
fbem-10179	400	13	mbanyele	mbanyele	PROPN
fbem-10179	400	14	,	,	PUNCT
fbem-10179	400	15	w.	w.	PROPN
fbem-10179	400	16	,	,	PUNCT
fbem-10179	400	17	&	&	CCONJ
fbem-10179	400	18	wang	wang	PROPN
fbem-10179	400	19	,	,	PUNCT
fbem-10179	400	20	f.	f.	PROPN
fbem-10179	400	21	(	(	PUNCT
fbem-10179	400	22	2022	2022	NUM
fbem-10179	400	23	)	)	PUNCT
fbem-10179	400	24	.	.	PUNCT
fbem-10179	401	1	environmental	environmental	ADJ
fbem-10179	401	2	regulation	regulation	NOUN
fbem-10179	401	3	and	and	CCONJ
fbem-10179	401	4	technological	technological	ADJ
fbem-10179	401	5	innovation	innovation	NOUN
fbem-10179	401	6	:	:	PUNCT
fbem-10179	401	7	evidence	evidence	NOUN
fbem-10179	401	8	from	from	ADP
fbem-10179	401	9	china	china	PROPN
fbem-10179	401	10	.	.	PUNCT
fbem-10179	402	1	environmental	environmental	ADJ
fbem-10179	402	2	science	science	NOUN
fbem-10179	402	3	and	and	CCONJ
fbem-10179	402	4	pollution	pollution	NOUN
fbem-10179	402	5	research	research	NOUN
fbem-10179	402	6	,	,	PUNCT
fbem-10179	402	7	29(9	29(9	NUM
fbem-10179	402	8	)	)	PUNCT
fbem-10179	402	9	,	,	PUNCT
fbem-10179	402	10	1289012910	1289012910	NUM
fbem-10179	402	11	.	.	PUNCT
fbem-10179	403	1	https://doi.org/10.1007/s11356-021-14975-3	https://doi.org/10.1007/s11356-021-14975-3	X
fbem-10179	404	1	[	[	X
fbem-10179	404	2	32	32	NUM
fbem-10179	404	3	]	]	PUNCT
fbem-10179	404	4	nardi	nardi	PROPN
fbem-10179	404	5	,	,	PUNCT
fbem-10179	404	6	l.	l.	PROPN
fbem-10179	404	7	(	(	PUNCT
fbem-10179	404	8	2022	2022	NUM
fbem-10179	404	9	)	)	PUNCT
fbem-10179	404	10	.	.	PUNCT
fbem-10179	405	1	the	the	DET
fbem-10179	405	2	corporate	corporate	ADJ
fbem-10179	405	3	social	social	ADJ
fbem-10179	405	4	responsibility	responsibility	NOUN
fbem-10179	405	5	price	price	NOUN
fbem-10179	405	6	premium	premium	NOUN
fbem-10179	405	7	as	as	ADP
fbem-10179	405	8	an	an	DET
fbem-10179	405	9	enabler	enabler	NOUN
fbem-10179	405	10	of	of	ADP
fbem-10179	405	11	substantive	substantive	ADJ
fbem-10179	405	12	csr	csr	PROPN
fbem-10179	405	13	.	.	PROPN
fbem-10179	405	14	academy	academy	PROPN
fbem-10179	405	15	of	of	ADP
fbem-10179	405	16	management	management	PROPN
fbem-10179	405	17	review	review	PROPN
fbem-10179	405	18	,	,	PUNCT
fbem-10179	405	19	47(2	47(2	PROPN
fbem-10179	405	20	)	)	PUNCT
fbem-10179	405	21	,	,	PUNCT
fbem-10179	405	22	282	282	NUM
fbem-10179	405	23	-	-	SYM
fbem-10179	405	24	308	308	NUM
fbem-10179	405	25	.	.	PUNCT
fbem-10179	406	1	https://doi.org/10.5465/amr.2019.0425	https://doi.org/10.5465/amr.2019.0425	NOUN
fbem-10179	407	1	[	[	X
fbem-10179	407	2	33	33	NUM
fbem-10179	407	3	]	]	PUNCT
fbem-10179	407	4	ramalingegowda	ramalingegowda	PROPN
fbem-10179	407	5	,	,	PUNCT
fbem-10179	407	6	s.	s.	PROPN
fbem-10179	407	7	,	,	PUNCT
fbem-10179	407	8	utke	utke	PROPN
fbem-10179	407	9	,	,	PUNCT
fbem-10179	407	10	s.	s.	PROPN
fbem-10179	407	11	,	,	PUNCT
fbem-10179	407	12	&	&	CCONJ
fbem-10179	407	13	yu	yu	PROPN
fbem-10179	407	14	y.	y.	PROPN
fbem-10179	407	15	(	(	PUNCT
fbem-10179	407	16	2020	2020	NUM
fbem-10179	407	17	)	)	PUNCT
fbem-10179	407	18	.	.	PUNCT
fbem-10179	408	1	common	common	ADJ
fbem-10179	408	2	institutional	institutional	ADJ
fbem-10179	408	3	ownership	ownership	NOUN
fbem-10179	408	4	and	and	CCONJ
fbem-10179	408	5	earnings	earning	NOUN
fbem-10179	408	6	management	management	NOUN
fbem-10179	408	7	.	.	PUNCT
fbem-10179	409	1	contemporary	contemporary	ADJ
fbem-10179	409	2	accounting	accounting	PROPN
fbem-10179	409	3	research	research	NOUN
fbem-10179	409	4	,	,	PUNCT
fbem-10179	409	5	38(1	38(1	NUM
fbem-10179	409	6	)	)	PUNCT
fbem-10179	409	7	,	,	PUNCT
fbem-10179	409	8	208	208	NUM
fbem-10179	409	9	-	-	SYM
fbem-10179	409	10	241	241	NUM
fbem-10179	409	11	.	.	PUNCT
fbem-10179	410	1	https://doi.10.1111/1911	https://doi.10.1111/1911	PROPN
fbem-10179	410	2	-	-	PUNCT
fbem-10179	410	3	3846.12628	3846.12628	PROPN
fbem-10179	410	4	[	[	X
fbem-10179	410	5	34	34	NUM
fbem-10179	410	6	]	]	SYM
fbem-10179	410	7	santamaria	santamaria	PROPN
fbem-10179	410	8	,	,	PUNCT
fbem-10179	410	9	r.	r.	PROPN
fbem-10179	410	10	,	,	PUNCT
fbem-10179	410	11	paolone	paolone	NOUN
fbem-10179	410	12	,	,	PUNCT
fbem-10179	410	13	f.	f.	PROPN
fbem-10179	410	14	,	,	PUNCT
fbem-10179	410	15	cucari	cucari	PROPN
fbem-10179	410	16	,	,	PUNCT
fbem-10179	410	17	n.	n.	NOUN
fbem-10179	410	18	,	,	PUNCT
fbem-10179	410	19	&	&	CCONJ
fbem-10179	410	20	dezi	dezi	PROPN
fbem-10179	410	21	,	,	PUNCT
fbem-10179	410	22	l.	l.	PROPN
fbem-10179	410	23	(	(	PUNCT
fbem-10179	410	24	2021	2021	NUM
fbem-10179	410	25	)	)	PUNCT
fbem-10179	410	26	.	.	PUNCT
fbem-10179	411	1	non	non	ADJ
fbem-10179	411	2	-	-	ADJ
fbem-10179	411	3	financial	financial	ADJ
fbem-10179	411	4	strategy	strategy	NOUN
fbem-10179	411	5	disclosure	disclosure	NOUN
fbem-10179	411	6	and	and	CCONJ
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fbem-10179	411	8	,	,	PUNCT
fbem-10179	411	9	social	social	ADJ
fbem-10179	411	10	and	and	CCONJ
fbem-10179	411	11	governance	governance	NOUN
fbem-10179	411	12	score	score	NOUN
fbem-10179	411	13	:	:	PUNCT
fbem-10179	411	14	insight	insight	NOUN
fbem-10179	411	15	from	from	ADP
fbem-10179	411	16	a	a	DET
fbem-10179	411	17	configurational	configurational	ADJ
fbem-10179	411	18	approach	approach	NOUN
fbem-10179	411	19	.	.	PUNCT
fbem-10179	412	1	business	business	NOUN
fbem-10179	412	2	strategy	strategy	NOUN
fbem-10179	412	3	and	and	CCONJ
fbem-10179	412	4	the	the	DET
fbem-10179	412	5	environment	environment	NOUN
fbem-10179	412	6	,	,	PUNCT
fbem-10179	412	7	30(4	30(4	NUM
fbem-10179	412	8	)	)	PUNCT
fbem-10179	412	9	,	,	PUNCT
fbem-10179	412	10	1993	1993	NUM
fbem-10179	412	11	-	-	SYM
fbem-10179	412	12	2007	2007	NUM
fbem-10179	412	13	.	.	PUNCT
fbem-10179	413	1	https://doi.org/10.1002/bse.2728	https://doi.org/10.1002/bse.2728	NOUN
fbem-10179	414	1	[	[	X
fbem-10179	414	2	35	35	NUM
fbem-10179	414	3	]	]	SYM
fbem-10179	414	4	schmalz	schmalz	PROPN
fbem-10179	414	5	,	,	PUNCT
fbem-10179	414	6	m.c	m.c	PROPN
fbem-10179	414	7	.	.	PROPN
fbem-10179	414	8	(	(	PUNCT
fbem-10179	414	9	2018	2018	NUM
fbem-10179	414	10	)	)	PUNCT
fbem-10179	414	11	.	.	PUNCT
fbem-10179	415	1	common	common	ADJ
fbem-10179	415	2	-	-	PUNCT
fbem-10179	415	3	ownership	ownership	NOUN
fbem-10179	415	4	concentration	concentration	NOUN
fbem-10179	415	5	and	and	CCONJ
fbem-10179	415	6	corporate	corporate	ADJ
fbem-10179	415	7	conduct	conduct	NOUN
fbem-10179	415	8	.	.	PUNCT
fbem-10179	416	1	annual	annual	ADJ
fbem-10179	416	2	review	review	NOUN
fbem-10179	416	3	of	of	ADP
fbem-10179	416	4	financial	financial	ADJ
fbem-10179	416	5	economics	economic	NOUN
fbem-10179	416	6	,	,	PUNCT
fbem-10179	416	7	10(10	10(10	NUM
fbem-10179	416	8	)	)	PUNCT
fbem-10179	416	9	,	,	PUNCT
fbem-10179	416	10	413	413	NUM
fbem-10179	416	11	-	-	SYM
fbem-10179	416	12	448	448	NUM
fbem-10179	416	13	.	.	PUNCT
fbem-10179	417	1	https://doi.10.1146	https://doi.10.1146	NOUN
fbem-10179	417	2	/	/	SYM
fbem-10179	417	3	annurevfinancial-110217	annurevfinancial-110217	NOUN
fbem-10179	417	4	-	-	PUNCT
fbem-10179	417	5	022747	022747	NUM
fbem-10179	417	6	[	[	X
fbem-10179	417	7	36	36	NUM
fbem-10179	417	8	]	]	X
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fbem-10179	417	10	,	,	PUNCT
fbem-10179	417	11	c.	c.	PROPN
fbem-10179	417	12	t.	t.	PROPN
fbem-10179	417	13	,	,	PUNCT
fbem-10179	417	14	&	&	CCONJ
fbem-10179	417	15	hawn	hawn	PROPN
fbem-10179	417	16	,	,	PUNCT
fbem-10179	417	17	o.	o.	PROPN
fbem-10179	417	18	v.	v.	PROPN
fbem-10179	417	19	(	(	PUNCT
fbem-10179	417	20	2019	2019	NUM
fbem-10179	417	21	)	)	PUNCT
fbem-10179	417	22	.	.	PUNCT
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fbem-10179	418	3	corporate	corporate	ADJ
fbem-10179	418	4	social	social	ADJ
fbem-10179	418	5	responsibility	responsibility	NOUN
fbem-10179	418	6	and	and	CCONJ
fbem-10179	418	7	irresponsibility	irresponsibility	NOUN
fbem-10179	418	8	.	.	PUNCT
fbem-10179	419	1	academy	academy	PROPN
fbem-10179	419	2	of	of	ADP
fbem-10179	419	3	management	management	PROPN
fbem-10179	419	4	journal	journal	NOUN
fbem-10179	419	5	,	,	PUNCT
fbem-10179	419	6	62(5	62(5	NOUN
fbem-10179	419	7	)	)	PUNCT
fbem-10179	419	8	,	,	PUNCT
fbem-10179	419	9	1609	1609	NUM
fbem-10179	419	10	-	-	SYM
fbem-10179	419	11	1642	1642	NUM
fbem-10179	419	12	.	.	PUNCT
fbem-10179	420	1	https://doi/10.5465	https://doi/10.5465	ADV
fbem-10179	420	2	/	/	SYM
fbem-10179	420	3	amj.2014.0795	amj.2014.0795	PROPN
fbem-10179	421	1	[	[	X
fbem-10179	421	2	37	37	NUM
fbem-10179	421	3	]	]	PUNCT
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fbem-10179	421	5	,	,	PUNCT
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fbem-10179	421	7	,	,	PUNCT
fbem-10179	421	8	&	&	CCONJ
fbem-10179	421	9	rothe	rothe	PROPN
fbem-10179	421	10	,	,	PUNCT
fbem-10179	421	11	h.	h.	PROPN
fbem-10179	421	12	(	(	PUNCT
fbem-10179	421	13	2021	2021	NUM
fbem-10179	421	14	)	)	PUNCT
fbem-10179	421	15	.	.	PUNCT
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fbem-10179	422	3	in	in	ADP
fbem-10179	422	4	platform	platform	NOUN
fbem-10179	422	5	markets	market	NOUN
fbem-10179	422	6	:	:	PUNCT
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fbem-10179	422	8	complementors	complementor	NOUN
fbem-10179	422	9	as	as	ADP
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fbem-10179	422	11	buffers	buffer	NOUN
fbem-10179	422	12	.	.	PUNCT
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fbem-10179	423	2	management	management	NOUN
fbem-10179	423	3	journal	journal	NOUN
fbem-10179	423	4	,	,	PUNCT
fbem-10179	423	5	42(2	42(2	PROPN
fbem-10179	423	6	)	)	PUNCT
fbem-10179	423	7	,	,	PUNCT
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fbem-10179	423	9	-	-	SYM
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fbem-10179	423	11	.	.	PUNCT
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fbem-10179	425	1	[	[	X
fbem-10179	425	2	38	38	NUM
fbem-10179	425	3	]	]	X
fbem-10179	425	4	torelli	torelli	PROPN
fbem-10179	425	5	,	,	PUNCT
fbem-10179	425	6	r.	r.	PROPN
fbem-10179	425	7	,	,	PUNCT
fbem-10179	425	8	balluchi	balluchi	PROPN
fbem-10179	425	9	,	,	PUNCT
fbem-10179	425	10	f.	f.	PROPN
fbem-10179	425	11	,	,	PUNCT
fbem-10179	425	12	&	&	CCONJ
fbem-10179	425	13	lazzini	lazzini	PROPN
fbem-10179	425	14	,	,	PUNCT
fbem-10179	425	15	a.	a.	NOUN
fbem-10179	425	16	(	(	PUNCT
fbem-10179	425	17	2019	2019	NUM
fbem-10179	425	18	)	)	PUNCT
fbem-10179	425	19	.	.	PUNCT
fbem-10179	426	1	greenwashing	greenwashing	NOUN
fbem-10179	426	2	and	and	CCONJ
fbem-10179	426	3	environmental	environmental	ADJ
fbem-10179	426	4	communication	communication	NOUN
fbem-10179	426	5	:	:	PUNCT
fbem-10179	426	6	effects	effect	NOUN
fbem-10179	426	7	on	on	ADP
fbem-10179	426	8	stakeholders	stakeholder	NOUN
fbem-10179	426	9	’	'	PUNCT
fbem-10179	426	10	perceptions	perception	NOUN
fbem-10179	426	11	.	.	PUNCT
fbem-10179	427	1	business	business	NOUN
fbem-10179	427	2	strategy	strategy	NOUN
fbem-10179	427	3	and	and	CCONJ
fbem-10179	427	4	the	the	DET
fbem-10179	427	5	environment	environment	NOUN
fbem-10179	427	6	,	,	PUNCT
fbem-10179	427	7	29(2	29(2	NUM
fbem-10179	427	8	)	)	PUNCT
fbem-10179	427	9	,	,	PUNCT
fbem-10179	427	10	407	407	NUM
fbem-10179	427	11	-	-	SYM
fbem-10179	427	12	421	421	NUM
fbem-10179	427	13	.	.	PUNCT
fbem-10179	428	1	https://doi.org/10.1002/bse.2373	https://doi.org/10.1002/bse.2373	NOUN
fbem-10179	428	2	[	[	X
fbem-10179	428	3	39	39	NUM
fbem-10179	428	4	]	]	X
fbem-10179	428	5	wang	wang	PROPN
fbem-10179	428	6	,	,	PUNCT
fbem-10179	428	7	h.l	h.l	PROPN
fbem-10179	428	8	.	.	PROPN
fbem-10179	428	9	,	,	PUNCT
fbem-10179	428	10	wang	wang	PROPN
fbem-10179	428	11	,	,	PUNCT
fbem-10179	428	12	s.y	s.y	PROPN
fbem-10179	428	13	.	.	PROPN
fbem-10179	428	14	,	,	PUNCT
fbem-10179	428	15	wang	wang	PROPN
fbem-10179	428	16	,	,	PUNCT
fbem-10179	428	17	j.	j.	PROPN
fbem-10179	428	18	,	,	PUNCT
fbem-10179	428	19	&	&	CCONJ
fbem-10179	428	20	yang	yang	PROPN
fbem-10179	428	21	,	,	PUNCT
fbem-10179	428	22	f.	f.	PROPN
fbem-10179	428	23	(	(	PUNCT
fbem-10179	428	24	2021	2021	NUM
fbem-10179	428	25	)	)	PUNCT
fbem-10179	428	26	.	.	PUNCT
fbem-10179	429	1	does	do	AUX
fbem-10179	429	2	business	business	NOUN
fbem-10179	429	3	strategy	strategy	NOUN
fbem-10179	429	4	drive	drive	VERB
fbem-10179	429	5	corporate	corporate	ADJ
fbem-10179	429	6	environmental	environmental	ADJ
fbem-10179	429	7	information	information	NOUN
fbem-10179	429	8	disclosure	disclosure	NOUN
fbem-10179	429	9	?	?	PUNCT
fbem-10179	430	1	journal	journal	NOUN
fbem-10179	430	2	of	of	ADP
fbem-10179	430	3	environmental	environmental	ADJ
fbem-10179	430	4	planning	planning	NOUN
fbem-10179	430	5	and	and	CCONJ
fbem-10179	430	6	management	management	NOUN
fbem-10179	430	7	,	,	PUNCT
fbem-10179	430	8	66(4	66(4	NUM
fbem-10179	430	9	)	)	PUNCT
fbem-10179	430	10	,	,	PUNCT
fbem-10179	430	11	733	733	NUM
fbem-10179	430	12	-	-	SYM
fbem-10179	430	13	758	758	NUM
fbem-10179	430	14	.	.	PUNCT
fbem-10179	431	1	https://doi.org/10.1080/09640568.2021.2002278	https://doi.org/10.1080/09640568.2021.2002278	PROPN
fbem-10179	432	1	[	[	X
fbem-10179	432	2	40	40	NUM
fbem-10179	432	3	]	]	X
fbem-10179	432	4	wellalage	wellalage	NOUN
fbem-10179	432	5	,	,	PUNCT
fbem-10179	432	6	n.h	n.h	PROPN
fbem-10179	432	7	.	.	PROPN
fbem-10179	432	8	&	&	CCONJ
fbem-10179	432	9	kumar	kumar	PROPN
fbem-10179	432	10	,	,	PUNCT
fbem-10179	432	11	v.	v.	PROPN
fbem-10179	432	12	(	(	PUNCT
fbem-10179	432	13	2021	2021	NUM
fbem-10179	432	14	)	)	PUNCT
fbem-10179	432	15	.	.	PUNCT
fbem-10179	433	1	environmental	environmental	ADJ
fbem-10179	433	2	performance	performance	NOUN
fbem-10179	433	3	and	and	CCONJ
fbem-10179	433	4	bank	bank	NOUN
fbem-10179	433	5	lending	lending	NOUN
fbem-10179	433	6	:	:	PUNCT
fbem-10179	433	7	evidence	evidence	NOUN
fbem-10179	433	8	from	from	ADP
fbem-10179	433	9	unlisted	unlisted	ADJ
fbem-10179	433	10	firms	firm	NOUN
fbem-10179	433	11	.	.	PUNCT
fbem-10179	434	1	business	business	NOUN
fbem-10179	434	2	strategy	strategy	NOUN
fbem-10179	434	3	and	and	CCONJ
fbem-10179	434	4	the	the	DET
fbem-10179	434	5	environment	environment	NOUN
fbem-10179	434	6	,	,	PUNCT
fbem-10179	434	7	30(7	30(7	NUM
fbem-10179	434	8	)	)	PUNCT
fbem-10179	434	9	,	,	PUNCT
fbem-10179	434	10	3309	3309	NUM
fbem-10179	434	11	-	-	SYM
fbem-10179	434	12	3329	3329	NUM
fbem-10179	434	13	.	.	PUNCT
fbem-10179	435	1	https://doi.org/10.1002/bse.2804	https://doi.org/10.1002/bse.2804	NOUN
fbem-10179	435	2	[	[	X
fbem-10179	435	3	41	41	NUM
fbem-10179	435	4	]	]	SYM
fbem-10179	435	5	yang	yang	PROPN
fbem-10179	435	6	,	,	PUNCT
fbem-10179	435	7	j.	j.	PROPN
fbem-10179	435	8	,	,	PUNCT
fbem-10179	435	9	shi	shi	PROPN
fbem-10179	435	10	,	,	PUNCT
fbem-10179	435	11	d.	d.	PROPN
fbem-10179	435	12	,	,	PUNCT
fbem-10179	435	13	&	&	CCONJ
fbem-10179	435	14	yang	yang	PROPN
fbem-10179	435	15	,	,	PUNCT
fbem-10179	435	16	w.	w.	PROPN
fbem-10179	435	17	(	(	PUNCT
fbem-10179	435	18	2022	2022	NUM
fbem-10179	435	19	)	)	PUNCT
fbem-10179	435	20	.	.	PUNCT
fbem-10179	436	1	stringent	stringent	ADJ
fbem-10179	436	2	environmental	environmental	ADJ
fbem-10179	436	3	regulation	regulation	NOUN
fbem-10179	436	4	and	and	CCONJ
fbem-10179	436	5	capital	capital	NOUN
fbem-10179	436	6	structure	structure	NOUN
fbem-10179	436	7	:	:	PUNCT
fbem-10179	436	8	the	the	DET
fbem-10179	436	9	effect	effect	NOUN
fbem-10179	436	10	of	of	ADP
fbem-10179	436	11	nepl	nepl	NOUN
fbem-10179	436	12	on	on	ADP
fbem-10179	436	13	deleveraging	deleverage	VERB
fbem-10179	436	14	the	the	DET
fbem-10179	436	15	high	high	ADJ
fbem-10179	436	16	polluting	polluting	NOUN
fbem-10179	436	17	firms	firm	NOUN
fbem-10179	436	18	.	.	PUNCT
fbem-10179	437	1	international	international	ADJ
fbem-10179	437	2	review	review	NOUN
fbem-10179	437	3	of	of	ADP
fbem-10179	437	4	economics	economics	PROPN
fbem-10179	437	5	&	&	CCONJ
fbem-10179	437	6	finance	finance	PROPN
fbem-10179	437	7	,	,	PUNCT
fbem-10179	437	8	79(5	79(5	NOUN
fbem-10179	437	9	)	)	PUNCT
fbem-10179	437	10	,	,	PUNCT
fbem-10179	437	11	643	643	NUM
fbem-10179	437	12	-	-	SYM
fbem-10179	437	13	656	656	NUM
fbem-10179	437	14	.	.	PUNCT
fbem-10179	438	1	https://doi.org/10.1016/j.iref.2022.02.020	https://doi.org/10.1016/j.iref.2022.02.020	NOUN
fbem-10179	439	1	[	[	X
fbem-10179	439	2	42	42	NUM
fbem-10179	439	3	]	]	X
fbem-10179	439	4	zhao	zhao	PROPN
fbem-10179	439	5	,	,	PUNCT
fbem-10179	439	6	l.	l.	PROPN
fbem-10179	439	7	,	,	PUNCT
fbem-10179	439	8	&	&	CCONJ
fbem-10179	439	9	chen	chen	PROPN
fbem-10179	439	10	,	,	PUNCT
fbem-10179	439	11	l.y	l.y	PROPN
fbem-10179	439	12	.	.	PROPN
fbem-10179	439	13	(	(	PUNCT
fbem-10179	439	14	2022	2022	NUM
fbem-10179	439	15	)	)	PUNCT
fbem-10179	439	16	.	.	PUNCT
fbem-10179	440	1	research	research	NOUN
fbem-10179	440	2	on	on	ADP
fbem-10179	440	3	the	the	DET
fbem-10179	440	4	impact	impact	NOUN
fbem-10179	440	5	of	of	ADP
fbem-10179	440	6	government	government	NOUN
fbem-10179	440	7	environmental	environmental	ADJ
fbem-10179	440	8	information	information	NOUN
fbem-10179	440	9	disclosure	disclosure	NOUN
fbem-10179	440	10	on	on	ADP
fbem-10179	440	11	green	green	ADJ
fbem-10179	440	12	total	total	ADJ
fbem-10179	440	13	factor	factor	NOUN
fbem-10179	440	14	productivity	productivity	NOUN
fbem-10179	440	15	:	:	PUNCT
fbem-10179	440	16	empirical	empirical	ADJ
fbem-10179	440	17	experience	experience	NOUN
fbem-10179	440	18	from	from	ADP
fbem-10179	440	19	chinese	chinese	ADJ
fbem-10179	440	20	province	province	NOUN
fbem-10179	440	21	.	.	PUNCT
fbem-10179	441	1	international	international	ADJ
fbem-10179	441	2	journal	journal	PROPN
fbem-10179	441	3	of	of	ADP
fbem-10179	441	4	environmental	environmental	ADJ
fbem-10179	441	5	research	research	NOUN
fbem-10179	441	6	and	and	CCONJ
fbem-10179	441	7	public	public	ADJ
fbem-10179	441	8	health	health	NOUN
fbem-10179	441	9	,	,	PUNCT
fbem-10179	441	10	19(2	19(2	NUM
fbem-10179	441	11	)	)	PUNCT
fbem-10179	441	12	,	,	PUNCT
fbem-10179	441	13	729	729	NUM
fbem-10179	441	14	.	.	PUNCT
fbem-10179	442	1	https://doi.org/10.3390/ijerph19020729	https://doi.org/10.3390/ijerph19020729	VERB
fbem-10179	443	1	[	[	X
fbem-10179	443	2	43	43	NUM
fbem-10179	443	3	]	]	X
fbem-10179	443	4	zhao	zhao	X
fbem-10179	443	5	,	,	PUNCT
fbem-10179	443	6	x.	x.	PROPN
fbem-10179	443	7	,	,	PUNCT
fbem-10179	443	8	chen	chen	PROPN
fbem-10179	443	9	,	,	PUNCT
fbem-10179	443	10	q.a	q.a	PROPN
fbem-10179	443	11	.	.	PROPN
fbem-10179	443	12	,	,	PUNCT
fbem-10179	443	13	&	&	CCONJ
fbem-10179	443	14	zhang	zhang	PROPN
fbem-10179	443	15	,	,	PUNCT
fbem-10179	443	16	h.t	h.t	PROPN
fbem-10179	443	17	.	.	PROPN
fbem-10179	443	18	(	(	PUNCT
fbem-10179	443	19	2023	2023	NUM
fbem-10179	443	20	)	)	PUNCT
fbem-10179	443	21	.	.	PUNCT
fbem-10179	444	1	firm	firm	ADJ
fbem-10179	444	2	investment	investment	NOUN
fbem-10179	444	3	and	and	CCONJ
fbem-10179	444	4	financial	financial	ADJ
fbem-10179	444	5	autonomy	autonomy	NOUN
fbem-10179	444	6	:	:	PUNCT
fbem-10179	444	7	a	a	DET
fbem-10179	444	8	transaction	transaction	NOUN
fbem-10179	444	9	cost	cost	VERB
fbem-10179	444	10	economics	economic	NOUN
fbem-10179	444	11	and	and	CCONJ
fbem-10179	444	12	firm	firm	ADJ
fbem-10179	444	13	lifecycle	lifecycle	NOUN
fbem-10179	444	14	approach	approach	NOUN
fbem-10179	444	15	.	.	PUNCT
fbem-10179	445	1	managerial	managerial	ADJ
fbem-10179	445	2	and	and	CCONJ
fbem-10179	445	3	decision	decision	NOUN
fbem-10179	445	4	economics	economic	NOUN
fbem-10179	445	5	.	.	PUNCT
fbem-10179	446	1	https://doi.10.1002	https://doi.10.1002	NOUN
fbem-10179	446	2	/	/	SYM
fbem-10179	446	3	mde.3832	mde.3832	X
fbem-10179	446	4	[	[	X
fbem-10179	446	5	44	44	NUM
fbem-10179	446	6	]	]	X
fbem-10179	446	7	zheng	zheng	PROPN
fbem-10179	446	8	,	,	PUNCT
fbem-10179	446	9	y.	y.	PROPN
fbem-10179	446	10	,	,	PUNCT
fbem-10179	446	11	ge	ge	PROPN
fbem-10179	446	12	,	,	PUNCT
fbem-10179	446	13	c.	c.	PROPN
fbem-10179	446	14	,	,	PUNCT
fbem-10179	446	15	li	li	PROPN
fbem-10179	446	16	,	,	PUNCT
fbem-10179	446	17	x.	x.	PROPN
fbem-10179	446	18	,	,	PUNCT
fbem-10179	446	19	duan	duan	PROPN
fbem-10179	446	20	,	,	PUNCT
fbem-10179	446	21	x.	x.	PROPN
fbem-10179	446	22	,	,	PUNCT
fbem-10179	446	23	&	&	CCONJ
fbem-10179	446	24	yu	yu	PROPN
fbem-10179	446	25	,	,	PUNCT
fbem-10179	446	26	t.	t.	PROPN
fbem-10179	446	27	(	(	PUNCT
fbem-10179	446	28	2020	2020	NUM
fbem-10179	446	29	)	)	PUNCT
fbem-10179	446	30	.	.	PUNCT
fbem-10179	447	1	configurational	configurational	ADJ
fbem-10179	447	2	analysis	analysis	NOUN
fbem-10179	447	3	of	of	ADP
fbem-10179	447	4	environment	environment	NOUN
fbem-10179	447	5	information	information	NOUN
fbem-10179	447	6	disclosure	disclosure	NOUN
fbem-10179	447	7	:	:	PUNCT
fbem-10179	447	8	evidence	evidence	NOUN
fbem-10179	447	9	from	from	ADP
fbem-10179	447	10	china	china	PROPN
fbem-10179	447	11	’s	’s	PART
fbem-10179	447	12	key	key	ADJ
fbem-10179	447	13	pollutant	pollutant	ADJ
fbem-10179	447	14	-	-	PUNCT
fbem-10179	447	15	discharge	discharge	NOUN
fbem-10179	447	16	listed	list	VERB
fbem-10179	447	17	companies	company	NOUN
fbem-10179	447	18	.	.	PUNCT
fbem-10179	448	1	journal	journal	PROPN
fbem-10179	448	2	of	of	ADP
fbem-10179	448	3	environmental	environmental	ADJ
fbem-10179	448	4	management	management	NOUN
fbem-10179	448	5	,	,	PUNCT
fbem-10179	448	6	270(9	270(9	NUM
fbem-10179	448	7	)	)	PUNCT
fbem-10179	448	8	,	,	PUNCT
fbem-10179	448	9	110671	110671	NUM
fbem-10179	448	10	.	.	PUNCT
fbem-10179	449	1	https://doi.org/10.1016/j.jenvman.2020.110671	https://doi.org/10.1016/j.jenvman.2020.110671	PROPN
fbem-10179	449	2	[	[	X
fbem-10179	449	3	45	45	NUM
fbem-10179	449	4	]	]	X
fbem-10179	449	5	zou	zou	PROPN
fbem-10179	449	6	,	,	PUNCT
fbem-10179	449	7	h.	h.	PROPN
fbem-10179	449	8	,	,	PUNCT
fbem-10179	449	9	&	&	CCONJ
fbem-10179	449	10	zhong	zhong	PROPN
fbem-10179	449	11	,	,	PUNCT
fbem-10179	449	12	m.	m.	NOUN
fbem-10179	449	13	(	(	PUNCT
fbem-10179	449	14	2022	2022	NUM
fbem-10179	449	15	)	)	PUNCT
fbem-10179	449	16	.	.	PUNCT
fbem-10179	450	1	does	do	AUX
fbem-10179	450	2	environmental	environmental	ADJ
fbem-10179	450	3	regulation	regulation	NOUN
fbem-10179	450	4	enhance	enhance	VERB
fbem-10179	450	5	firm	firm	NOUN
fbem-10179	450	6	’s	’s	PART
fbem-10179	450	7	position	position	NOUN
fbem-10179	450	8	in	in	ADP
fbem-10179	450	9	dual	dual	ADJ
fbem-10179	450	10	value	value	NOUN
fbem-10179	450	11	chain	chain	NOUN
fbem-10179	450	12	?	?	PUNCT
fbem-10179	451	1	an	an	DET
fbem-10179	451	2	analysis	analysis	NOUN
fbem-10179	451	3	based	base	VERB
fbem-10179	451	4	on	on	ADP
fbem-10179	451	5	environmental	environmental	ADJ
fbem-10179	451	6	information	information	NOUN
fbem-10179	451	7	disclosure	disclosure	NOUN
fbem-10179	451	8	.	.	PUNCT
fbem-10179	452	1	journal	journal	PROPN
fbem-10179	452	2	of	of	ADP
fbem-10179	452	3	environmental	environmental	ADJ
fbem-10179	452	4	management	management	NOUN
fbem-10179	452	5	,	,	PUNCT
fbem-10179	452	6	321(11	321(11	NUM
fbem-10179	452	7	)	)	PUNCT
fbem-10179	452	8	,	,	PUNCT
fbem-10179	452	9	115918	115918	NUM
fbem-10179	452	10	.	.	PUNCT
fbem-10179	453	1	https://doi.org/10.1016/j.jenvman.2022.115918	https://doi.org/10.1016/j.jenvman.2022.115918	PROPN