id	sid	tid	token	lemma	pos
fbem-10381	1	1	frontiers	frontier	NOUN
fbem-10381	1	2	in	in	ADP
fbem-10381	1	3	business	business	NOUN
fbem-10381	1	4	,	,	PUNCT
fbem-10381	1	5	economics	economic	NOUN
fbem-10381	1	6	and	and	CCONJ
fbem-10381	1	7	management	management	NOUN
fbem-10381	1	8	issn	issn	PROPN
fbem-10381	1	9	:	:	PUNCT
fbem-10381	1	10	2766	2766	NUM
fbem-10381	1	11	-	-	PUNCT
fbem-10381	1	12	824x	824x	NUM
fbem-10381	1	13	|	|	ADJ
fbem-10381	1	14	vol	vol	NOUN
fbem-10381	1	15	.	.	PROPN
fbem-10381	2	1	10	10	NUM
fbem-10381	2	2	,	,	PUNCT
fbem-10381	2	3	no	no	INTJ
fbem-10381	2	4	.	.	NOUN
fbem-10381	2	5	1	1	NUM
fbem-10381	2	6	,	,	PUNCT
fbem-10381	2	7	2023	2023	NUM
fbem-10381	2	8	250	250	NUM
fbem-10381	2	9	corporate	corporate	ADJ
fbem-10381	2	10	commercial	commercial	ADJ
fbem-10381	2	11	credit	credit	NOUN
fbem-10381	2	12	resistance	resistance	NOUN
fbem-10381	2	13	currency	currency	NOUN
fbem-10381	2	14	research	research	NOUN
fbem-10381	2	15	on	on	ADP
fbem-10381	2	16	the	the	DET
fbem-10381	2	17	function	function	NOUN
fbem-10381	2	18	of	of	ADP
fbem-10381	2	19	policy	policy	NOUN
fbem-10381	2	20	shock	shock	NOUN
fbem-10381	2	21	yan	yan	PROPN
fbem-10381	2	22	wang1	wang1	PROPN
fbem-10381	2	23	,	,	PUNCT
fbem-10381	2	24	*	*	PUNCT
fbem-10381	2	25	1business	1business	NUM
fbem-10381	2	26	school	school	NOUN
fbem-10381	2	27	,	,	PUNCT
fbem-10381	2	28	east	east	PROPN
fbem-10381	2	29	china	china	PROPN
fbem-10381	2	30	university	university	PROPN
fbem-10381	2	31	of	of	ADP
fbem-10381	2	32	political	political	ADJ
fbem-10381	2	33	science	science	NOUN
fbem-10381	2	34	and	and	CCONJ
fbem-10381	2	35	law	law	NOUN
fbem-10381	2	36	,	,	PUNCT
fbem-10381	2	37	shanghai	shanghai	PROPN
fbem-10381	2	38	,	,	PUNCT
fbem-10381	2	39	china	china	PROPN
fbem-10381	2	40	*	*	PUNCT
fbem-10381	2	41	corresponding	correspond	VERB
fbem-10381	2	42	author	author	NOUN
fbem-10381	2	43	abstract	abstract	NOUN
fbem-10381	2	44	:	:	PUNCT
fbem-10381	2	45	monetary	monetary	ADJ
fbem-10381	2	46	policy	policy	NOUN
fbem-10381	2	47	can	can	AUX
fbem-10381	2	48	affect	affect	VERB
fbem-10381	2	49	the	the	DET
fbem-10381	2	50	operation	operation	NOUN
fbem-10381	2	51	of	of	ADP
fbem-10381	2	52	physical	physical	ADJ
fbem-10381	2	53	enterprises	enterprise	NOUN
fbem-10381	2	54	through	through	ADP
fbem-10381	2	55	monetary	monetary	ADJ
fbem-10381	2	56	and	and	CCONJ
fbem-10381	2	57	credit	credit	NOUN
fbem-10381	2	58	channels	channel	NOUN
fbem-10381	2	59	.	.	PUNCT
fbem-10381	3	1	as	as	ADP
fbem-10381	3	2	a	a	DET
fbem-10381	3	3	supplement	supplement	NOUN
fbem-10381	3	4	to	to	ADP
fbem-10381	3	5	external	external	ADJ
fbem-10381	3	6	credit	credit	NOUN
fbem-10381	3	7	,	,	PUNCT
fbem-10381	3	8	corporate	corporate	ADJ
fbem-10381	3	9	commercial	commercial	ADJ
fbem-10381	3	10	credit	credit	NOUN
fbem-10381	3	11	can	can	AUX
fbem-10381	3	12	effectively	effectively	ADV
fbem-10381	3	13	smooth	smooth	VERB
fbem-10381	3	14	out	out	ADP
fbem-10381	3	15	the	the	DET
fbem-10381	3	16	impact	impact	NOUN
fbem-10381	3	17	of	of	ADP
fbem-10381	3	18	monetary	monetary	ADJ
fbem-10381	3	19	policy	policy	NOUN
fbem-10381	3	20	on	on	ADP
fbem-10381	3	21	enterprises	enterprise	NOUN
fbem-10381	3	22	and	and	CCONJ
fbem-10381	3	23	play	play	VERB
fbem-10381	3	24	a	a	DET
fbem-10381	3	25	"	"	PUNCT
fbem-10381	3	26	stabilizer	stabilizer	NOUN
fbem-10381	3	27	"	"	PUNCT
fbem-10381	3	28	role	role	NOUN
fbem-10381	3	29	.	.	PUNCT
fbem-10381	4	1	based	base	VERB
fbem-10381	4	2	on	on	ADP
fbem-10381	4	3	the	the	DET
fbem-10381	4	4	data	datum	NOUN
fbem-10381	4	5	of	of	ADP
fbem-10381	4	6	listed	list	VERB
fbem-10381	4	7	companies	company	NOUN
fbem-10381	4	8	in	in	ADP
fbem-10381	4	9	shanghai	shanghai	PROPN
fbem-10381	4	10	and	and	CCONJ
fbem-10381	4	11	shenzhen	shenzhen	PROPN
fbem-10381	4	12	from	from	ADP
fbem-10381	4	13	2007	2007	NUM
fbem-10381	4	14	to	to	ADP
fbem-10381	4	15	2021	2021	NUM
fbem-10381	4	16	,	,	PUNCT
fbem-10381	4	17	this	this	DET
fbem-10381	4	18	paper	paper	NOUN
fbem-10381	4	19	empirically	empirically	ADV
fbem-10381	4	20	studies	study	VERB
fbem-10381	4	21	the	the	DET
fbem-10381	4	22	impact	impact	NOUN
fbem-10381	4	23	of	of	ADP
fbem-10381	4	24	corporate	corporate	ADJ
fbem-10381	4	25	commercial	commercial	ADJ
fbem-10381	4	26	credit	credit	NOUN
fbem-10381	4	27	on	on	ADP
fbem-10381	4	28	the	the	DET
fbem-10381	4	29	government	government	NOUN
fbem-10381	4	30	's	's	PART
fbem-10381	4	31	monetary	monetary	ADJ
fbem-10381	4	32	policy	policy	NOUN
fbem-10381	4	33	and	and	CCONJ
fbem-10381	4	34	the	the	DET
fbem-10381	4	35	catabolism	catabolism	NOUN
fbem-10381	4	36	effect	effect	NOUN
fbem-10381	4	37	of	of	ADP
fbem-10381	4	38	the	the	DET
fbem-10381	4	39	tendency	tendency	NOUN
fbem-10381	4	40	of	of	ADP
fbem-10381	4	41	enterprises	enterprise	NOUN
fbem-10381	4	42	to	to	PART
fbem-10381	4	43	"	"	PUNCT
fbem-10381	4	44	move	move	VERB
fbem-10381	4	45	away	away	ADV
fbem-10381	4	46	from	from	ADP
fbem-10381	4	47	reality	reality	NOUN
fbem-10381	4	48	to	to	ADP
fbem-10381	4	49	emptiness	emptiness	NOUN
fbem-10381	4	50	"	"	PUNCT
fbem-10381	4	51	.	.	PUNCT
fbem-10381	5	1	the	the	DET
fbem-10381	5	2	research	research	NOUN
fbem-10381	5	3	results	result	NOUN
fbem-10381	5	4	found	find	VERB
fbem-10381	5	5	that	that	SCONJ
fbem-10381	5	6	there	there	PRON
fbem-10381	5	7	is	be	VERB
fbem-10381	5	8	a	a	DET
fbem-10381	5	9	significant	significant	ADJ
fbem-10381	5	10	negative	negative	ADJ
fbem-10381	5	11	correlation	correlation	NOUN
fbem-10381	5	12	between	between	ADP
fbem-10381	5	13	the	the	DET
fbem-10381	5	14	tightness	tightness	NOUN
fbem-10381	5	15	of	of	ADP
fbem-10381	5	16	monetary	monetary	ADJ
fbem-10381	5	17	policy	policy	NOUN
fbem-10381	5	18	and	and	CCONJ
fbem-10381	5	19	the	the	DET
fbem-10381	5	20	scale	scale	NOUN
fbem-10381	5	21	of	of	ADP
fbem-10381	5	22	corporate	corporate	ADJ
fbem-10381	5	23	commercial	commercial	ADJ
fbem-10381	5	24	credit	credit	NOUN
fbem-10381	5	25	;	;	PUNCT
fbem-10381	5	26	the	the	DET
fbem-10381	5	27	tendency	tendency	NOUN
fbem-10381	5	28	of	of	ADP
fbem-10381	5	29	enterprises	enterprise	NOUN
fbem-10381	5	30	to	to	PART
fbem-10381	5	31	shift	shift	VERB
fbem-10381	5	32	from	from	ADP
fbem-10381	5	33	reality	reality	NOUN
fbem-10381	5	34	to	to	ADP
fbem-10381	5	35	emptiness	emptiness	NOUN
fbem-10381	5	36	will	will	AUX
fbem-10381	5	37	alienate	alienate	VERB
fbem-10381	5	38	the	the	DET
fbem-10381	5	39	function	function	NOUN
fbem-10381	5	40	of	of	ADP
fbem-10381	5	41	commercial	commercial	ADJ
fbem-10381	5	42	credit	credit	NOUN
fbem-10381	5	43	as	as	ADP
fbem-10381	5	44	a	a	DET
fbem-10381	5	45	"	"	PUNCT
fbem-10381	5	46	stabilizer	stabilizer	NOUN
fbem-10381	5	47	"	"	PUNCT
fbem-10381	5	48	against	against	ADP
fbem-10381	5	49	monetary	monetary	ADJ
fbem-10381	5	50	policy	policy	NOUN
fbem-10381	5	51	;	;	PUNCT
fbem-10381	5	52	in	in	ADP
fbem-10381	5	53	addition	addition	NOUN
fbem-10381	5	54	,	,	PUNCT
fbem-10381	5	55	state	state	NOUN
fbem-10381	5	56	-	-	PUNCT
fbem-10381	5	57	owned	own	VERB
fbem-10381	5	58	enterprises	enterprise	NOUN
fbem-10381	5	59	are	be	AUX
fbem-10381	5	60	more	more	ADV
fbem-10381	5	61	capable	capable	ADJ
fbem-10381	5	62	of	of	ADP
fbem-10381	5	63	amplifying	amplify	VERB
fbem-10381	5	64	the	the	DET
fbem-10381	5	65	positive	positive	ADJ
fbem-10381	5	66	role	role	NOUN
fbem-10381	5	67	of	of	ADP
fbem-10381	5	68	commercial	commercial	ADJ
fbem-10381	5	69	credit	credit	NOUN
fbem-10381	5	70	in	in	ADP
fbem-10381	5	71	resisting	resist	VERB
fbem-10381	5	72	monetary	monetary	ADJ
fbem-10381	5	73	policy	policy	NOUN
fbem-10381	5	74	shocks	shock	NOUN
fbem-10381	5	75	compared	compare	VERB
fbem-10381	5	76	to	to	ADP
fbem-10381	5	77	private	private	ADJ
fbem-10381	5	78	enterprises	enterprise	NOUN
fbem-10381	5	79	.	.	PUNCT
fbem-10381	6	1	related	related	ADJ
fbem-10381	6	2	research	research	NOUN
fbem-10381	6	3	enriches	enrich	VERB
fbem-10381	6	4	the	the	DET
fbem-10381	6	5	scope	scope	NOUN
fbem-10381	6	6	of	of	ADP
fbem-10381	6	7	research	research	NOUN
fbem-10381	6	8	on	on	ADP
fbem-10381	6	9	the	the	DET
fbem-10381	6	10	role	role	NOUN
fbem-10381	6	11	of	of	ADP
fbem-10381	6	12	monetary	monetary	ADJ
fbem-10381	6	13	policy	policy	NOUN
fbem-10381	6	14	in	in	ADP
fbem-10381	6	15	microeconomics	microeconomic	NOUN
fbem-10381	6	16	,	,	PUNCT
fbem-10381	6	17	providing	provide	VERB
fbem-10381	6	18	decision	decision	NOUN
fbem-10381	6	19	-	-	PUNCT
fbem-10381	6	20	making	making	NOUN
fbem-10381	6	21	references	reference	NOUN
fbem-10381	6	22	for	for	SCONJ
fbem-10381	6	23	governments	government	NOUN
fbem-10381	6	24	to	to	PART
fbem-10381	6	25	improve	improve	VERB
fbem-10381	6	26	the	the	DET
fbem-10381	6	27	effectiveness	effectiveness	NOUN
fbem-10381	6	28	of	of	ADP
fbem-10381	6	29	monetary	monetary	ADJ
fbem-10381	6	30	policy	policy	NOUN
fbem-10381	6	31	and	and	CCONJ
fbem-10381	6	32	enterprises	enterprise	NOUN
fbem-10381	6	33	to	to	PART
fbem-10381	6	34	flexibly	flexibly	ADV
fbem-10381	6	35	use	use	VERB
fbem-10381	6	36	credit	credit	NOUN
fbem-10381	6	37	channels	channel	NOUN
fbem-10381	6	38	to	to	PART
fbem-10381	6	39	smooth	smooth	VERB
fbem-10381	6	40	monetary	monetary	ADJ
fbem-10381	6	41	policy	policy	NOUN
fbem-10381	6	42	shocks	shock	NOUN
fbem-10381	6	43	and	and	CCONJ
fbem-10381	6	44	improve	improve	VERB
fbem-10381	6	45	business	business	NOUN
fbem-10381	6	46	stability	stability	NOUN
fbem-10381	6	47	.	.	PUNCT
fbem-10381	7	1	keywords	keyword	NOUN
fbem-10381	7	2	:	:	PUNCT
fbem-10381	7	3	monetary	monetary	ADJ
fbem-10381	7	4	policy	policy	NOUN
fbem-10381	7	5	,	,	PUNCT
fbem-10381	7	6	commercial	commercial	ADJ
fbem-10381	7	7	credit	credit	NOUN
fbem-10381	7	8	,	,	PUNCT
fbem-10381	7	9	enterprise	enterprise	NOUN
fbem-10381	7	10	financialization	financialization	NOUN
fbem-10381	7	11	,	,	PUNCT
fbem-10381	7	12	financing	financing	NOUN
fbem-10381	7	13	constraints	constraint	NOUN
fbem-10381	7	14	.	.	PUNCT
fbem-10381	8	1	1	1	X
fbem-10381	8	2	.	.	X
fbem-10381	8	3	introduction	introduction	NOUN
fbem-10381	8	4	currently	currently	ADV
fbem-10381	8	5	,	,	PUNCT
fbem-10381	8	6	with	with	ADP
fbem-10381	8	7	the	the	DET
fbem-10381	8	8	deterioration	deterioration	NOUN
fbem-10381	8	9	of	of	ADP
fbem-10381	8	10	the	the	DET
fbem-10381	8	11	external	external	ADJ
fbem-10381	8	12	environment	environment	NOUN
fbem-10381	8	13	and	and	CCONJ
fbem-10381	8	14	the	the	DET
fbem-10381	8	15	acceleration	acceleration	NOUN
fbem-10381	8	16	of	of	ADP
fbem-10381	8	17	unprecedented	unprecedented	ADJ
fbem-10381	8	18	changes	change	NOUN
fbem-10381	8	19	in	in	ADP
fbem-10381	8	20	the	the	DET
fbem-10381	8	21	world	world	NOUN
fbem-10381	8	22	,	,	PUNCT
fbem-10381	8	23	china	china	PROPN
fbem-10381	8	24	's	's	PART
fbem-10381	8	25	internal	internal	ADJ
fbem-10381	8	26	economy	economy	NOUN
fbem-10381	8	27	has	have	AUX
fbem-10381	8	28	entered	enter	VERB
fbem-10381	8	29	a	a	DET
fbem-10381	8	30	turning	turning	NOUN
fbem-10381	8	31	point	point	NOUN
fbem-10381	8	32	of	of	ADP
fbem-10381	8	33	moderate	moderate	ADJ
fbem-10381	8	34	growth	growth	NOUN
fbem-10381	8	35	.	.	PUNCT
fbem-10381	9	1	expanding	expand	VERB
fbem-10381	9	2	domestic	domestic	ADJ
fbem-10381	9	3	demand	demand	NOUN
fbem-10381	9	4	has	have	AUX
fbem-10381	9	5	become	become	VERB
fbem-10381	9	6	an	an	DET
fbem-10381	9	7	important	important	ADJ
fbem-10381	9	8	route	route	NOUN
fbem-10381	9	9	for	for	ADP
fbem-10381	9	10	future	future	ADJ
fbem-10381	9	11	economic	economic	ADJ
fbem-10381	9	12	development	development	NOUN
fbem-10381	9	13	.	.	PUNCT
fbem-10381	10	1	on	on	ADP
fbem-10381	10	2	the	the	DET
fbem-10381	10	3	enterprise	enterprise	NOUN
fbem-10381	10	4	side	side	NOUN
fbem-10381	10	5	,	,	PUNCT
fbem-10381	10	6	it	it	PRON
fbem-10381	10	7	is	be	AUX
fbem-10381	10	8	necessary	necessary	ADJ
fbem-10381	10	9	to	to	PART
fbem-10381	10	10	firmly	firmly	ADV
fbem-10381	10	11	promote	promote	VERB
fbem-10381	10	12	supply	supply	NOUN
fbem-10381	10	13	side	side	ADJ
fbem-10381	10	14	structural	structural	ADJ
fbem-10381	10	15	reform	reform	NOUN
fbem-10381	10	16	,	,	PUNCT
fbem-10381	10	17	play	play	VERB
fbem-10381	10	18	a	a	DET
fbem-10381	10	19	role	role	NOUN
fbem-10381	10	20	in	in	ADP
fbem-10381	10	21	capital	capital	NOUN
fbem-10381	10	22	allocation	allocation	NOUN
fbem-10381	10	23	,	,	PUNCT
fbem-10381	10	24	and	and	CCONJ
fbem-10381	10	25	cultivate	cultivate	VERB
fbem-10381	10	26	high	high	ADJ
fbem-10381	10	27	-	-	PUNCT
fbem-10381	10	28	quality	quality	NOUN
fbem-10381	10	29	production	production	NOUN
fbem-10381	10	30	capacity	capacity	NOUN
fbem-10381	10	31	.	.	PUNCT
fbem-10381	11	1	with	with	ADP
fbem-10381	11	2	the	the	DET
fbem-10381	11	3	continuous	continuous	ADJ
fbem-10381	11	4	evolution	evolution	NOUN
fbem-10381	11	5	and	and	CCONJ
fbem-10381	11	6	innovation	innovation	NOUN
fbem-10381	11	7	of	of	ADP
fbem-10381	11	8	socialized	socialized	ADJ
fbem-10381	11	9	production	production	NOUN
fbem-10381	11	10	methods	method	NOUN
fbem-10381	11	11	,	,	PUNCT
fbem-10381	11	12	market	market	NOUN
fbem-10381	11	13	competition	competition	NOUN
fbem-10381	11	14	has	have	AUX
fbem-10381	11	15	shifted	shift	VERB
fbem-10381	11	16	from	from	ADP
fbem-10381	11	17	competition	competition	NOUN
fbem-10381	11	18	between	between	ADP
fbem-10381	11	19	single	single	ADJ
fbem-10381	11	20	enterprises	enterprise	NOUN
fbem-10381	11	21	to	to	ADP
fbem-10381	11	22	competition	competition	NOUN
fbem-10381	11	23	in	in	ADP
fbem-10381	11	24	upstream	upstream	ADJ
fbem-10381	11	25	and	and	CCONJ
fbem-10381	11	26	downstream	downstream	ADJ
fbem-10381	11	27	supply	supply	NOUN
fbem-10381	11	28	chain	chain	NOUN
fbem-10381	11	29	management	management	NOUN
fbem-10381	11	30	.	.	PUNCT
fbem-10381	12	1	enterprises	enterprise	NOUN
fbem-10381	12	2	improve	improve	VERB
fbem-10381	12	3	the	the	DET
fbem-10381	12	4	efficiency	efficiency	NOUN
fbem-10381	12	5	of	of	ADP
fbem-10381	12	6	capital	capital	NOUN
fbem-10381	12	7	operation	operation	NOUN
fbem-10381	12	8	through	through	ADP
fbem-10381	12	9	the	the	DET
fbem-10381	12	10	construction	construction	NOUN
fbem-10381	12	11	of	of	ADP
fbem-10381	12	12	a	a	DET
fbem-10381	12	13	resource	resource	NOUN
fbem-10381	12	14	sharing	sharing	NOUN
fbem-10381	12	15	,	,	PUNCT
fbem-10381	12	16	mutually	mutually	ADV
fbem-10381	12	17	beneficial	beneficial	ADJ
fbem-10381	12	18	and	and	CCONJ
fbem-10381	12	19	win	win	NOUN
fbem-10381	12	20	-	-	PUNCT
fbem-10381	12	21	win	win	NOUN
fbem-10381	12	22	industrial	industrial	ADJ
fbem-10381	12	23	chain	chain	NOUN
fbem-10381	12	24	,	,	PUNCT
fbem-10381	12	25	and	and	CCONJ
fbem-10381	12	26	through	through	ADP
fbem-10381	12	27	commercial	commercial	ADJ
fbem-10381	12	28	credit	credit	NOUN
fbem-10381	12	29	.	.	PUNCT
fbem-10381	13	1	enterprises	enterprise	NOUN
fbem-10381	13	2	located	locate	VERB
fbem-10381	13	3	upstream	upstream	ADJ
fbem-10381	13	4	and	and	CCONJ
fbem-10381	13	5	downstream	downstream	NOUN
fbem-10381	13	6	of	of	ADP
fbem-10381	13	7	the	the	DET
fbem-10381	13	8	industrial	industrial	ADJ
fbem-10381	13	9	chain	chain	NOUN
fbem-10381	13	10	can	can	AUX
fbem-10381	13	11	reduce	reduce	VERB
fbem-10381	13	12	transaction	transaction	NOUN
fbem-10381	13	13	costs	cost	NOUN
fbem-10381	13	14	,	,	PUNCT
fbem-10381	13	15	reduce	reduce	VERB
fbem-10381	13	16	financing	financing	NOUN
fbem-10381	13	17	constraints	constraint	NOUN
fbem-10381	13	18	,	,	PUNCT
fbem-10381	13	19	improve	improve	VERB
fbem-10381	13	20	effective	effective	ADJ
fbem-10381	13	21	capital	capital	NOUN
fbem-10381	13	22	allocation	allocation	NOUN
fbem-10381	13	23	,	,	PUNCT
fbem-10381	13	24	and	and	CCONJ
fbem-10381	13	25	reduce	reduce	VERB
fbem-10381	13	26	operational	operational	ADJ
fbem-10381	13	27	risks	risk	NOUN
fbem-10381	13	28	in	in	ADP
fbem-10381	13	29	long	long	ADJ
fbem-10381	13	30	-	-	PUNCT
fbem-10381	13	31	term	term	NOUN
fbem-10381	13	32	commodity	commodity	NOUN
fbem-10381	13	33	transactions	transaction	NOUN
fbem-10381	13	34	by	by	ADP
fbem-10381	13	35	forming	form	VERB
fbem-10381	13	36	good	good	ADJ
fbem-10381	13	37	business	business	NOUN
fbem-10381	13	38	relationships	relationship	NOUN
fbem-10381	13	39	.	.	PUNCT
fbem-10381	14	1	at	at	ADP
fbem-10381	14	2	the	the	DET
fbem-10381	14	3	same	same	ADJ
fbem-10381	14	4	time	time	NOUN
fbem-10381	14	5	,	,	PUNCT
fbem-10381	14	6	the	the	DET
fbem-10381	14	7	liquidity	liquidity	NOUN
fbem-10381	14	8	brought	bring	VERB
fbem-10381	14	9	by	by	ADP
fbem-10381	14	10	commercial	commercial	ADJ
fbem-10381	14	11	credit	credit	NOUN
fbem-10381	14	12	mainly	mainly	ADV
fbem-10381	14	13	manifests	manifest	VERB
fbem-10381	14	14	in	in	ADP
fbem-10381	14	15	the	the	DET
fbem-10381	14	16	form	form	NOUN
fbem-10381	14	17	of	of	ADP
fbem-10381	14	18	inventory	inventory	NOUN
fbem-10381	14	19	,	,	PUNCT
fbem-10381	14	20	commodities	commodity	NOUN
fbem-10381	14	21	,	,	PUNCT
fbem-10381	14	22	etc	etc	X
fbem-10381	14	23	.	.	X
fbem-10381	15	1	the	the	DET
fbem-10381	15	2	effective	effective	ADJ
fbem-10381	15	3	application	application	NOUN
fbem-10381	15	4	of	of	ADP
fbem-10381	15	5	commercial	commercial	ADJ
fbem-10381	15	6	credit	credit	NOUN
fbem-10381	15	7	model	model	NOUN
fbem-10381	15	8	is	be	AUX
fbem-10381	15	9	essentially	essentially	ADV
fbem-10381	15	10	to	to	PART
fbem-10381	15	11	adjust	adjust	VERB
fbem-10381	15	12	the	the	DET
fbem-10381	15	13	proportion	proportion	NOUN
fbem-10381	15	14	of	of	ADP
fbem-10381	15	15	physical	physical	ADJ
fbem-10381	15	16	capital	capital	NOUN
fbem-10381	15	17	investment	investment	NOUN
fbem-10381	15	18	in	in	ADP
fbem-10381	15	19	enterprise	enterprise	NOUN
fbem-10381	15	20	capital	capital	NOUN
fbem-10381	15	21	allocation	allocation	NOUN
fbem-10381	15	22	,	,	PUNCT
fbem-10381	15	23	which	which	PRON
fbem-10381	15	24	is	be	AUX
fbem-10381	15	25	of	of	ADP
fbem-10381	15	26	great	great	ADJ
fbem-10381	15	27	significance	significance	NOUN
fbem-10381	15	28	for	for	SCONJ
fbem-10381	15	29	enterprises	enterprise	NOUN
fbem-10381	15	30	to	to	PART
fbem-10381	15	31	expand	expand	VERB
fbem-10381	15	32	reproduction	reproduction	NOUN
fbem-10381	15	33	,	,	PUNCT
fbem-10381	15	34	optimize	optimize	VERB
fbem-10381	15	35	supply	supply	NOUN
fbem-10381	15	36	structure	structure	NOUN
fbem-10381	15	37	,	,	PUNCT
fbem-10381	15	38	and	and	CCONJ
fbem-10381	15	39	develop	develop	VERB
fbem-10381	15	40	high	high	ADJ
fbem-10381	15	41	-	-	PUNCT
fbem-10381	15	42	quality	quality	NOUN
fbem-10381	15	43	production	production	NOUN
fbem-10381	15	44	capacity	capacity	NOUN
fbem-10381	15	45	.	.	PUNCT
fbem-10381	16	1	on	on	ADP
fbem-10381	16	2	the	the	DET
fbem-10381	16	3	whole	whole	NOUN
fbem-10381	16	4	,	,	PUNCT
fbem-10381	16	5	china	china	PROPN
fbem-10381	16	6	's	's	PART
fbem-10381	16	7	money	money	NOUN
fbem-10381	16	8	supply	supply	NOUN
fbem-10381	16	9	has	have	AUX
fbem-10381	16	10	maintained	maintain	VERB
fbem-10381	16	11	a	a	DET
fbem-10381	16	12	high	high	ADJ
fbem-10381	16	13	-	-	PUNCT
fbem-10381	16	14	speed	speed	NOUN
fbem-10381	16	15	growth	growth	NOUN
fbem-10381	16	16	trend	trend	NOUN
fbem-10381	16	17	.	.	PUNCT
fbem-10381	17	1	however	however	ADV
fbem-10381	17	2	,	,	PUNCT
fbem-10381	17	3	the	the	DET
fbem-10381	17	4	liquidity	liquidity	NOUN
fbem-10381	17	5	released	release	VERB
fbem-10381	17	6	by	by	ADP
fbem-10381	17	7	monetary	monetary	ADJ
fbem-10381	17	8	policy	policy	NOUN
fbem-10381	17	9	has	have	AUX
fbem-10381	17	10	not	not	PART
fbem-10381	17	11	fully	fully	ADV
fbem-10381	17	12	moistened	moisten	VERB
fbem-10381	17	13	the	the	DET
fbem-10381	17	14	real	real	ADJ
fbem-10381	17	15	economy	economy	NOUN
fbem-10381	17	16	,	,	PUNCT
fbem-10381	17	17	and	and	CCONJ
fbem-10381	17	18	the	the	DET
fbem-10381	17	19	funds	fund	NOUN
fbem-10381	17	20	of	of	ADP
fbem-10381	17	21	china	china	PROPN
fbem-10381	17	22	's	's	PART
fbem-10381	17	23	real	real	ADJ
fbem-10381	17	24	enterprises	enterprise	NOUN
fbem-10381	17	25	have	have	AUX
fbem-10381	17	26	been	be	AUX
fbem-10381	17	27	"	"	PUNCT
fbem-10381	17	28	off	off	ADV
fbem-10381	17	29	real	real	ADV
fbem-10381	17	30	to	to	ADP
fbem-10381	17	31	virtual	virtual	ADJ
fbem-10381	17	32	"	"	PUNCT
fbem-10381	17	33	all	all	DET
fbem-10381	17	34	year	year	NOUN
fbem-10381	17	35	round	round	ADV
fbem-10381	17	36	,	,	PUNCT
fbem-10381	17	37	with	with	ADP
fbem-10381	17	38	a	a	DET
fbem-10381	17	39	trend	trend	NOUN
fbem-10381	17	40	and	and	CCONJ
fbem-10381	17	41	risk	risk	NOUN
fbem-10381	17	42	of	of	ADP
fbem-10381	17	43	excessive	excessive	ADJ
fbem-10381	17	44	financialization	financialization	NOUN
fbem-10381	17	45	.	.	PUNCT
fbem-10381	18	1	under	under	ADP
fbem-10381	18	2	the	the	DET
fbem-10381	18	3	background	background	NOUN
fbem-10381	18	4	of	of	ADP
fbem-10381	18	5	this	this	DET
fbem-10381	18	6	major	major	ADJ
fbem-10381	18	7	historical	historical	ADJ
fbem-10381	18	8	change	change	NOUN
fbem-10381	18	9	,	,	PUNCT
fbem-10381	18	10	it	it	PRON
fbem-10381	18	11	is	be	AUX
fbem-10381	18	12	of	of	ADP
fbem-10381	18	13	great	great	ADJ
fbem-10381	18	14	practical	practical	ADJ
fbem-10381	18	15	significance	significance	NOUN
fbem-10381	18	16	to	to	PART
fbem-10381	18	17	study	study	VERB
fbem-10381	18	18	the	the	DET
fbem-10381	18	19	substantial	substantial	ADJ
fbem-10381	18	20	impact	impact	NOUN
fbem-10381	18	21	of	of	ADP
fbem-10381	18	22	the	the	DET
fbem-10381	18	23	government	government	NOUN
fbem-10381	18	24	's	's	PART
fbem-10381	18	25	monetary	monetary	ADJ
fbem-10381	18	26	policy	policy	NOUN
fbem-10381	18	27	on	on	ADP
fbem-10381	18	28	the	the	DET
fbem-10381	18	29	business	business	NOUN
fbem-10381	18	30	credit	credit	NOUN
fbem-10381	18	31	of	of	ADP
fbem-10381	18	32	enterprises	enterprise	NOUN
fbem-10381	18	33	and	and	CCONJ
fbem-10381	18	34	put	put	VERB
fbem-10381	18	35	forward	forward	ADV
fbem-10381	18	36	feasible	feasible	ADJ
fbem-10381	18	37	suggestions	suggestion	NOUN
fbem-10381	18	38	for	for	SCONJ
fbem-10381	18	39	enterprises	enterprise	NOUN
fbem-10381	18	40	to	to	PART
fbem-10381	18	41	deal	deal	VERB
fbem-10381	18	42	with	with	ADP
fbem-10381	18	43	monetary	monetary	ADJ
fbem-10381	18	44	policy	policy	NOUN
fbem-10381	18	45	.	.	PUNCT
fbem-10381	19	1	relevant	relevant	ADJ
fbem-10381	19	2	research	research	NOUN
fbem-10381	19	3	is	be	AUX
fbem-10381	19	4	not	not	PART
fbem-10381	19	5	only	only	ADV
fbem-10381	19	6	conducive	conducive	ADJ
fbem-10381	19	7	to	to	ADP
fbem-10381	19	8	promoting	promote	VERB
fbem-10381	19	9	the	the	DET
fbem-10381	19	10	positive	positive	ADJ
fbem-10381	19	11	interaction	interaction	NOUN
fbem-10381	19	12	between	between	ADP
fbem-10381	19	13	the	the	DET
fbem-10381	19	14	real	real	ADJ
fbem-10381	19	15	economy	economy	NOUN
fbem-10381	19	16	and	and	CCONJ
fbem-10381	19	17	the	the	DET
fbem-10381	19	18	virtual	virtual	ADJ
fbem-10381	19	19	economy	economy	NOUN
fbem-10381	19	20	in	in	ADP
fbem-10381	19	21	the	the	DET
fbem-10381	19	22	financing	financing	NOUN
fbem-10381	19	23	channels	channel	NOUN
fbem-10381	19	24	among	among	ADP
fbem-10381	19	25	enterprises	enterprise	NOUN
fbem-10381	19	26	,	,	PUNCT
fbem-10381	19	27	but	but	CCONJ
fbem-10381	19	28	also	also	ADV
fbem-10381	19	29	provides	provide	VERB
fbem-10381	19	30	decision	decision	NOUN
fbem-10381	19	31	-	-	PUNCT
fbem-10381	19	32	making	make	VERB
fbem-10381	19	33	reference	reference	NOUN
fbem-10381	19	34	for	for	ADP
fbem-10381	19	35	expanding	expand	VERB
fbem-10381	19	36	the	the	DET
fbem-10381	19	37	positive	positive	ADJ
fbem-10381	19	38	externality	externality	NOUN
fbem-10381	19	39	of	of	ADP
fbem-10381	19	40	internal	internal	ADJ
fbem-10381	19	41	physical	physical	ADJ
fbem-10381	19	42	capital	capital	NOUN
fbem-10381	19	43	investment	investment	NOUN
fbem-10381	19	44	among	among	ADP
fbem-10381	19	45	enterprises	enterprise	NOUN
fbem-10381	19	46	,	,	PUNCT
fbem-10381	19	47	reducing	reduce	VERB
fbem-10381	19	48	operational	operational	ADJ
fbem-10381	19	49	risks	risk	NOUN
fbem-10381	19	50	,	,	PUNCT
fbem-10381	19	51	and	and	CCONJ
fbem-10381	19	52	providing	provide	VERB
fbem-10381	19	53	policy	policy	NOUN
fbem-10381	19	54	guidance	guidance	NOUN
fbem-10381	19	55	for	for	ADP
fbem-10381	19	56	supply	supply	NOUN
fbem-10381	19	57	side	side	ADJ
fbem-10381	19	58	structural	structural	ADJ
fbem-10381	19	59	reform	reform	NOUN
fbem-10381	19	60	.	.	PUNCT
fbem-10381	20	1	the	the	DET
fbem-10381	20	2	marginal	marginal	ADJ
fbem-10381	20	3	contribution	contribution	NOUN
fbem-10381	20	4	of	of	ADP
fbem-10381	20	5	this	this	DET
fbem-10381	20	6	article	article	NOUN
fbem-10381	20	7	may	may	AUX
fbem-10381	20	8	include	include	VERB
fbem-10381	20	9	the	the	DET
fbem-10381	20	10	following	follow	VERB
fbem-10381	20	11	aspects	aspect	NOUN
fbem-10381	20	12	:	:	PUNCT
fbem-10381	20	13	firstly	firstly	ADV
fbem-10381	20	14	,	,	PUNCT
fbem-10381	20	15	the	the	DET
fbem-10381	20	16	role	role	NOUN
fbem-10381	20	17	of	of	ADP
fbem-10381	20	18	monetary	monetary	ADJ
fbem-10381	20	19	policy	policy	NOUN
fbem-10381	20	20	in	in	ADP
fbem-10381	20	21	the	the	DET
fbem-10381	20	22	macro	macro	ADJ
fbem-10381	20	23	economy	economy	NOUN
fbem-10381	20	24	must	must	AUX
fbem-10381	20	25	be	be	AUX
fbem-10381	20	26	examined	examine	VERB
fbem-10381	20	27	through	through	ADP
fbem-10381	20	28	microeconomic	microeconomic	ADJ
fbem-10381	20	29	entities	entity	NOUN
fbem-10381	20	30	.	.	PUNCT
fbem-10381	21	1	therefore	therefore	ADV
fbem-10381	21	2	,	,	PUNCT
fbem-10381	21	3	examining	examine	VERB
fbem-10381	21	4	the	the	DET
fbem-10381	21	5	impact	impact	NOUN
fbem-10381	21	6	of	of	ADP
fbem-10381	21	7	monetary	monetary	ADJ
fbem-10381	21	8	policy	policy	NOUN
fbem-10381	21	9	on	on	ADP
fbem-10381	21	10	corporate	corporate	ADJ
fbem-10381	21	11	financing	financing	NOUN
fbem-10381	21	12	behavior	behavior	NOUN
fbem-10381	21	13	at	at	ADP
fbem-10381	21	14	the	the	DET
fbem-10381	21	15	micro	micro	ADJ
fbem-10381	21	16	level	level	NOUN
fbem-10381	21	17	has	have	VERB
fbem-10381	21	18	important	important	ADJ
fbem-10381	21	19	theoretical	theoretical	ADJ
fbem-10381	21	20	and	and	CCONJ
fbem-10381	21	21	practical	practical	ADJ
fbem-10381	21	22	significance	significance	NOUN
fbem-10381	21	23	.	.	PUNCT
fbem-10381	22	1	this	this	DET
fbem-10381	22	2	article	article	NOUN
fbem-10381	22	3	further	far	ADV
fbem-10381	22	4	expands	expand	VERB
fbem-10381	22	5	the	the	DET
fbem-10381	22	6	research	research	NOUN
fbem-10381	22	7	scope	scope	NOUN
fbem-10381	22	8	of	of	ADP
fbem-10381	22	9	the	the	DET
fbem-10381	22	10	effect	effect	NOUN
fbem-10381	22	11	of	of	ADP
fbem-10381	22	12	monetary	monetary	ADJ
fbem-10381	22	13	policy	policy	NOUN
fbem-10381	22	14	on	on	ADP
fbem-10381	22	15	microeconomic	microeconomic	ADJ
fbem-10381	22	16	entities	entity	NOUN
fbem-10381	22	17	;	;	PUNCT
fbem-10381	22	18	secondly	secondly	ADV
fbem-10381	22	19	,	,	PUNCT
fbem-10381	22	20	study	study	VERB
fbem-10381	22	21	the	the	DET
fbem-10381	22	22	response	response	NOUN
fbem-10381	22	23	mechanism	mechanism	NOUN
fbem-10381	22	24	of	of	ADP
fbem-10381	22	25	corporate	corporate	ADJ
fbem-10381	22	26	commercial	commercial	ADJ
fbem-10381	22	27	credit	credit	NOUN
fbem-10381	22	28	to	to	ADP
fbem-10381	22	29	the	the	DET
fbem-10381	22	30	monetary	monetary	ADJ
fbem-10381	22	31	policy	policy	NOUN
fbem-10381	22	32	environment	environment	NOUN
fbem-10381	22	33	from	from	ADP
fbem-10381	22	34	internal	internal	ADJ
fbem-10381	22	35	credit	credit	NOUN
fbem-10381	22	36	channels	channel	NOUN
fbem-10381	22	37	,	,	PUNCT
fbem-10381	22	38	and	and	CCONJ
fbem-10381	22	39	enrich	enrich	VERB
fbem-10381	22	40	relevant	relevant	ADJ
fbem-10381	22	41	research	research	NOUN
fbem-10381	22	42	on	on	ADP
fbem-10381	22	43	monetary	monetary	ADJ
fbem-10381	22	44	policy	policy	NOUN
fbem-10381	22	45	credit	credit	NOUN
fbem-10381	22	46	channels	channel	NOUN
fbem-10381	22	47	;	;	PUNCT
fbem-10381	22	48	third	third	ADV
fbem-10381	22	49	,	,	PUNCT
fbem-10381	22	50	combining	combine	VERB
fbem-10381	22	51	the	the	DET
fbem-10381	22	52	general	general	ADJ
fbem-10381	22	53	environment	environment	NOUN
fbem-10381	22	54	of	of	ADP
fbem-10381	22	55	"	"	PUNCT
fbem-10381	22	56	turning	turn	VERB
fbem-10381	22	57	away	away	ADV
fbem-10381	22	58	from	from	ADP
fbem-10381	22	59	reality	reality	NOUN
fbem-10381	22	60	to	to	ADP
fbem-10381	22	61	emptiness	emptiness	NOUN
fbem-10381	22	62	"	"	PUNCT
fbem-10381	22	63	to	to	PART
fbem-10381	22	64	study	study	VERB
fbem-10381	22	65	the	the	DET
fbem-10381	22	66	catabolism	catabolism	NOUN
fbem-10381	22	67	effect	effect	NOUN
fbem-10381	22	68	of	of	ADP
fbem-10381	22	69	enterprise	enterprise	NOUN
fbem-10381	22	70	financialization	financialization	NOUN
fbem-10381	22	71	tendency	tendency	NOUN
fbem-10381	22	72	on	on	ADP
fbem-10381	22	73	the	the	DET
fbem-10381	22	74	function	function	NOUN
fbem-10381	22	75	of	of	ADP
fbem-10381	22	76	commercial	commercial	ADJ
fbem-10381	22	77	credit	credit	NOUN
fbem-10381	22	78	operation	operation	NOUN
fbem-10381	22	79	,	,	PUNCT
fbem-10381	22	80	it	it	PRON
fbem-10381	22	81	has	have	VERB
fbem-10381	22	82	important	important	ADJ
fbem-10381	22	83	practical	practical	ADJ
fbem-10381	22	84	guiding	guiding	NOUN
fbem-10381	22	85	significance	significance	NOUN
fbem-10381	22	86	for	for	SCONJ
fbem-10381	22	87	the	the	DET
fbem-10381	22	88	government	government	NOUN
fbem-10381	22	89	to	to	PART
fbem-10381	22	90	promote	promote	VERB
fbem-10381	22	91	the	the	DET
fbem-10381	22	92	effective	effective	ADJ
fbem-10381	22	93	allocation	allocation	NOUN
fbem-10381	22	94	of	of	ADP
fbem-10381	22	95	internal	internal	ADJ
fbem-10381	22	96	capital	capital	NOUN
fbem-10381	22	97	of	of	ADP
fbem-10381	22	98	enterprises	enterprise	NOUN
fbem-10381	22	99	,	,	PUNCT
fbem-10381	22	100	thus	thus	ADV
fbem-10381	22	101	cultivating	cultivate	VERB
fbem-10381	22	102	high	high	ADJ
fbem-10381	22	103	-	-	PUNCT
fbem-10381	22	104	quality	quality	NOUN
fbem-10381	22	105	production	production	NOUN
fbem-10381	22	106	capacity	capacity	NOUN
fbem-10381	22	107	,	,	PUNCT
fbem-10381	22	108	and	and	CCONJ
fbem-10381	22	109	improving	improve	VERB
fbem-10381	22	110	the	the	DET
fbem-10381	22	111	effectiveness	effectiveness	NOUN
fbem-10381	22	112	of	of	ADP
fbem-10381	22	113	supply	supply	NOUN
fbem-10381	22	114	side	side	NOUN
fbem-10381	22	115	reform	reform	NOUN
fbem-10381	22	116	.	.	PUNCT
fbem-10381	23	1	2	2	X
fbem-10381	23	2	.	.	X
fbem-10381	23	3	literature	literature	NOUN
fbem-10381	23	4	review	review	PROPN
fbem-10381	23	5	and	and	CCONJ
fbem-10381	23	6	research	research	NOUN
fbem-10381	23	7	hypotheses	hypothesis	NOUN
fbem-10381	23	8	2.1	2.1	NUM
fbem-10381	23	9	.	.	PUNCT
fbem-10381	24	1	the	the	DET
fbem-10381	24	2	impact	impact	NOUN
fbem-10381	24	3	of	of	ADP
fbem-10381	24	4	monetary	monetary	ADJ
fbem-10381	24	5	policy	policy	NOUN
fbem-10381	24	6	on	on	ADP
fbem-10381	24	7	business	business	NOUN
fbem-10381	24	8	credit	credit	NOUN
fbem-10381	24	9	of	of	ADP
fbem-10381	24	10	enterprises	enterprise	NOUN
fbem-10381	24	11	monetary	monetary	ADJ
fbem-10381	24	12	policy	policy	NOUN
fbem-10381	24	13	mainly	mainly	ADV
fbem-10381	24	14	reallocates	reallocate	VERB
fbem-10381	24	15	social	social	ADJ
fbem-10381	24	16	resources	resource	NOUN
fbem-10381	24	17	through	through	ADP
fbem-10381	24	18	credit	credit	NOUN
fbem-10381	24	19	channels	channel	NOUN
fbem-10381	24	20	and	and	CCONJ
fbem-10381	24	21	interest	interest	NOUN
fbem-10381	24	22	rate	rate	NOUN
fbem-10381	24	23	channels	channel	NOUN
fbem-10381	24	24	,	,	PUNCT
fbem-10381	24	25	thereby	thereby	ADV
fbem-10381	24	26	251	251	NUM
fbem-10381	24	27	affecting	affect	VERB
fbem-10381	24	28	corporate	corporate	ADJ
fbem-10381	24	29	decision	decision	NOUN
fbem-10381	24	30	-	-	PUNCT
fbem-10381	24	31	making[1	making[1	NOUN
fbem-10381	24	32	]	]	PUNCT
fbem-10381	24	33	.	.	PUNCT
fbem-10381	25	1	from	from	ADP
fbem-10381	25	2	the	the	DET
fbem-10381	25	3	perspective	perspective	NOUN
fbem-10381	25	4	of	of	ADP
fbem-10381	25	5	monetary	monetary	ADJ
fbem-10381	25	6	channel	channel	NOUN
fbem-10381	25	7	,	,	PUNCT
fbem-10381	25	8	when	when	SCONJ
fbem-10381	25	9	the	the	DET
fbem-10381	25	10	central	central	ADJ
fbem-10381	25	11	bank	bank	NOUN
fbem-10381	25	12	changes	change	VERB
fbem-10381	25	13	the	the	DET
fbem-10381	25	14	money	money	NOUN
fbem-10381	25	15	supply	supply	NOUN
fbem-10381	25	16	in	in	ADP
fbem-10381	25	17	the	the	DET
fbem-10381	25	18	market	market	NOUN
fbem-10381	25	19	,	,	PUNCT
fbem-10381	25	20	the	the	DET
fbem-10381	25	21	market	market	NOUN
fbem-10381	25	22	interest	interest	NOUN
fbem-10381	25	23	rate	rate	NOUN
fbem-10381	25	24	will	will	AUX
fbem-10381	25	25	change	change	VERB
fbem-10381	25	26	accordingly	accordingly	ADV
fbem-10381	25	27	,	,	PUNCT
fbem-10381	25	28	which	which	PRON
fbem-10381	25	29	will	will	AUX
fbem-10381	25	30	lead	lead	VERB
fbem-10381	25	31	to	to	ADP
fbem-10381	25	32	changes	change	NOUN
fbem-10381	25	33	in	in	ADP
fbem-10381	25	34	the	the	DET
fbem-10381	25	35	market	market	NOUN
fbem-10381	25	36	value	value	NOUN
fbem-10381	25	37	of	of	ADP
fbem-10381	25	38	enterprises	enterprise	NOUN
fbem-10381	25	39	themselves	themselves	PRON
fbem-10381	25	40	and	and	CCONJ
fbem-10381	25	41	the	the	DET
fbem-10381	25	42	cost	cost	NOUN
fbem-10381	25	43	of	of	ADP
fbem-10381	25	44	external	external	ADJ
fbem-10381	25	45	financing	financing	NOUN
fbem-10381	25	46	,	,	PUNCT
fbem-10381	25	47	thus	thus	ADV
fbem-10381	25	48	affecting	affect	VERB
fbem-10381	25	49	the	the	DET
fbem-10381	25	50	investment	investment	NOUN
fbem-10381	25	51	behavior	behavior	NOUN
fbem-10381	25	52	of	of	ADP
fbem-10381	25	53	enterprises	enterprise	NOUN
fbem-10381	25	54	.	.	PUNCT
fbem-10381	26	1	tight	tight	ADJ
fbem-10381	26	2	monetary	monetary	ADJ
fbem-10381	26	3	policy	policy	NOUN
fbem-10381	26	4	will	will	AUX
fbem-10381	26	5	reduce	reduce	VERB
fbem-10381	26	6	the	the	DET
fbem-10381	26	7	supply	supply	NOUN
fbem-10381	26	8	of	of	ADP
fbem-10381	26	9	credit	credit	NOUN
fbem-10381	26	10	funds	fund	NOUN
fbem-10381	26	11	,	,	PUNCT
fbem-10381	26	12	leading	lead	VERB
fbem-10381	26	13	to	to	ADP
fbem-10381	26	14	a	a	DET
fbem-10381	26	15	significant	significant	ADJ
fbem-10381	26	16	decrease	decrease	NOUN
fbem-10381	26	17	in	in	ADP
fbem-10381	26	18	investment	investment	NOUN
fbem-10381	26	19	by	by	ADP
fbem-10381	26	20	private	private	ADJ
fbem-10381	26	21	enterprises[2	enterprises[2	NOUN
fbem-10381	26	22	]	]	PUNCT
fbem-10381	26	23	.	.	PUNCT
fbem-10381	27	1	from	from	ADP
fbem-10381	27	2	the	the	DET
fbem-10381	27	3	perspective	perspective	NOUN
fbem-10381	27	4	of	of	ADP
fbem-10381	27	5	credit	credit	NOUN
fbem-10381	27	6	channels	channel	NOUN
fbem-10381	27	7	,	,	PUNCT
fbem-10381	27	8	the	the	DET
fbem-10381	27	9	financing	financing	NOUN
fbem-10381	27	10	ability	ability	NOUN
fbem-10381	27	11	of	of	ADP
fbem-10381	27	12	enterprises	enterprise	NOUN
fbem-10381	27	13	is	be	AUX
fbem-10381	27	14	influenced	influence	VERB
fbem-10381	27	15	by	by	ADP
fbem-10381	27	16	the	the	DET
fbem-10381	27	17	combined	combine	VERB
fbem-10381	27	18	effects	effect	NOUN
fbem-10381	27	19	of	of	ADP
fbem-10381	27	20	deteriorating	deteriorate	VERB
fbem-10381	27	21	financial	financial	ADJ
fbem-10381	27	22	statements	statement	NOUN
fbem-10381	27	23	and	and	CCONJ
fbem-10381	27	24	tightening	tighten	VERB
fbem-10381	27	25	bank	bank	NOUN
fbem-10381	27	26	credit	credit	NOUN
fbem-10381	27	27	.	.	PUNCT
fbem-10381	28	1	monetary	monetary	ADJ
fbem-10381	28	2	policy	policy	NOUN
fbem-10381	28	3	will	will	AUX
fbem-10381	28	4	also	also	ADV
fbem-10381	28	5	affect	affect	VERB
fbem-10381	28	6	the	the	DET
fbem-10381	28	7	ability	ability	NOUN
fbem-10381	28	8	of	of	ADP
fbem-10381	28	9	a	a	DET
fbem-10381	28	10	company	company	NOUN
fbem-10381	28	11	to	to	PART
fbem-10381	28	12	generate	generate	VERB
fbem-10381	28	13	internal	internal	ADJ
fbem-10381	28	14	cash	cash	NOUN
fbem-10381	28	15	flows	flow	NOUN
fbem-10381	28	16	.	.	PUNCT
fbem-10381	29	1	when	when	SCONJ
fbem-10381	29	2	the	the	DET
fbem-10381	29	3	tight	tight	ADJ
fbem-10381	29	4	monetary	monetary	ADJ
fbem-10381	29	5	policy	policy	NOUN
fbem-10381	29	6	is	be	AUX
fbem-10381	29	7	implemented	implement	VERB
fbem-10381	29	8	,	,	PUNCT
fbem-10381	29	9	the	the	DET
fbem-10381	29	10	money	money	NOUN
fbem-10381	29	11	supply	supply	NOUN
fbem-10381	29	12	will	will	AUX
fbem-10381	29	13	be	be	AUX
fbem-10381	29	14	reduced	reduce	VERB
fbem-10381	29	15	,	,	PUNCT
fbem-10381	29	16	and	and	CCONJ
fbem-10381	29	17	consumer	consumer	NOUN
fbem-10381	29	18	demand	demand	NOUN
fbem-10381	29	19	will	will	AUX
fbem-10381	29	20	be	be	AUX
fbem-10381	29	21	depressed	depress	VERB
fbem-10381	29	22	,	,	PUNCT
fbem-10381	29	23	which	which	PRON
fbem-10381	29	24	will	will	AUX
fbem-10381	29	25	lead	lead	VERB
fbem-10381	29	26	to	to	ADP
fbem-10381	29	27	lower	low	ADJ
fbem-10381	29	28	sales	sale	NOUN
fbem-10381	29	29	revenue	revenue	NOUN
fbem-10381	29	30	and	and	CCONJ
fbem-10381	29	31	operating	operate	VERB
fbem-10381	29	32	net	net	ADJ
fbem-10381	29	33	cash	cash	NOUN
fbem-10381	29	34	flow	flow	NOUN
fbem-10381	29	35	of	of	ADP
fbem-10381	29	36	enterprises	enterprise	NOUN
fbem-10381	29	37	,	,	PUNCT
fbem-10381	29	38	worse	bad	ADJ
fbem-10381	29	39	financial	financial	ADJ
fbem-10381	29	40	conditions	condition	NOUN
fbem-10381	29	41	of	of	ADP
fbem-10381	29	42	enterprises	enterprise	NOUN
fbem-10381	29	43	,	,	PUNCT
fbem-10381	29	44	and	and	CCONJ
fbem-10381	29	45	lower	low	ADJ
fbem-10381	29	46	bank	bank	NOUN
fbem-10381	29	47	credit	credit	NOUN
fbem-10381	29	48	available	available	ADJ
fbem-10381	29	49	.	.	PUNCT
fbem-10381	30	1	at	at	ADP
fbem-10381	30	2	the	the	DET
fbem-10381	30	3	same	same	ADJ
fbem-10381	30	4	time	time	NOUN
fbem-10381	30	5	,	,	PUNCT
fbem-10381	30	6	as	as	SCONJ
fbem-10381	30	7	the	the	DET
fbem-10381	30	8	money	money	NOUN
fbem-10381	30	9	supply	supply	NOUN
fbem-10381	30	10	tightens	tighten	VERB
fbem-10381	30	11	,	,	PUNCT
fbem-10381	30	12	in	in	ADP
fbem-10381	30	13	order	order	NOUN
fbem-10381	30	14	to	to	PART
fbem-10381	30	15	reduce	reduce	VERB
fbem-10381	30	16	credit	credit	NOUN
fbem-10381	30	17	risk	risk	NOUN
fbem-10381	30	18	,	,	PUNCT
fbem-10381	30	19	banks	bank	NOUN
fbem-10381	30	20	will	will	AUX
fbem-10381	30	21	shorten	shorten	VERB
fbem-10381	30	22	the	the	DET
fbem-10381	30	23	credit	credit	NOUN
fbem-10381	30	24	term[3	term[3	ADP
fbem-10381	30	25	]	]	PUNCT
fbem-10381	30	26	,	,	PUNCT
fbem-10381	30	27	reducing	reduce	VERB
fbem-10381	30	28	the	the	DET
fbem-10381	30	29	total	total	ADJ
fbem-10381	30	30	amount	amount	NOUN
fbem-10381	30	31	of	of	ADP
fbem-10381	30	32	credit	credit	NOUN
fbem-10381	30	33	that	that	PRON
fbem-10381	30	34	commercial	commercial	ADJ
fbem-10381	30	35	banks	bank	NOUN
fbem-10381	30	36	can	can	AUX
fbem-10381	30	37	provide	provide	VERB
fbem-10381	30	38	,	,	PUNCT
fbem-10381	30	39	making	make	VERB
fbem-10381	30	40	it	it	PRON
fbem-10381	30	41	difficult	difficult	ADJ
fbem-10381	30	42	or	or	CCONJ
fbem-10381	30	43	impossible	impossible	ADJ
fbem-10381	30	44	for	for	SCONJ
fbem-10381	30	45	enterprises	enterprise	NOUN
fbem-10381	30	46	to	to	PART
fbem-10381	30	47	obtain	obtain	VERB
fbem-10381	30	48	sufficient	sufficient	ADJ
fbem-10381	30	49	financial	financial	ADJ
fbem-10381	30	50	support	support	NOUN
fbem-10381	30	51	from	from	ADP
fbem-10381	30	52	external	external	ADJ
fbem-10381	30	53	capital	capital	NOUN
fbem-10381	30	54	markets	market	NOUN
fbem-10381	30	55	.	.	PUNCT
fbem-10381	31	1	internal	internal	ADJ
fbem-10381	31	2	commercial	commercial	ADJ
fbem-10381	31	3	credit	credit	NOUN
fbem-10381	31	4	between	between	ADP
fbem-10381	31	5	enterprises	enterprise	NOUN
fbem-10381	31	6	,	,	PUNCT
fbem-10381	31	7	as	as	ADP
fbem-10381	31	8	an	an	DET
fbem-10381	31	9	alternative	alternative	ADJ
fbem-10381	31	10	and	and	CCONJ
fbem-10381	31	11	supplementary	supplementary	ADJ
fbem-10381	31	12	financing	financing	NOUN
fbem-10381	31	13	method	method	NOUN
fbem-10381	31	14	for	for	ADP
fbem-10381	31	15	external	external	ADJ
fbem-10381	31	16	credit	credit	NOUN
fbem-10381	31	17	channels	channel	NOUN
fbem-10381	31	18	,	,	PUNCT
fbem-10381	31	19	helps	help	VERB
fbem-10381	31	20	to	to	PART
fbem-10381	31	21	optimize	optimize	VERB
fbem-10381	31	22	the	the	DET
fbem-10381	31	23	internal	internal	ADJ
fbem-10381	31	24	fund	fund	NOUN
fbem-10381	31	25	allocation	allocation	NOUN
fbem-10381	31	26	of	of	ADP
fbem-10381	31	27	enterprises	enterprise	NOUN
fbem-10381	31	28	,	,	PUNCT
fbem-10381	31	29	resist	resist	VERB
fbem-10381	31	30	the	the	DET
fbem-10381	31	31	volatility	volatility	NOUN
fbem-10381	31	32	caused	cause	VERB
fbem-10381	31	33	by	by	ADP
fbem-10381	31	34	monetary	monetary	ADJ
fbem-10381	31	35	policy	policy	NOUN
fbem-10381	31	36	on	on	ADP
fbem-10381	31	37	the	the	DET
fbem-10381	31	38	operating	operating	NOUN
fbem-10381	31	39	conditions	condition	NOUN
fbem-10381	31	40	of	of	ADP
fbem-10381	31	41	enterprises	enterprise	NOUN
fbem-10381	31	42	,	,	PUNCT
fbem-10381	31	43	and	and	CCONJ
fbem-10381	31	44	play	play	VERB
fbem-10381	31	45	a	a	DET
fbem-10381	31	46	stabilizing	stabilize	VERB
fbem-10381	31	47	role	role	NOUN
fbem-10381	31	48	.	.	PUNCT
fbem-10381	32	1	when	when	SCONJ
fbem-10381	32	2	the	the	DET
fbem-10381	32	3	government	government	NOUN
fbem-10381	32	4	implements	implement	VERB
fbem-10381	32	5	a	a	DET
fbem-10381	32	6	tightening	tightening	ADJ
fbem-10381	32	7	monetary	monetary	ADJ
fbem-10381	32	8	policy	policy	NOUN
fbem-10381	32	9	,	,	PUNCT
fbem-10381	32	10	increasing	increase	VERB
fbem-10381	32	11	credit	credit	NOUN
fbem-10381	32	12	funds	fund	NOUN
fbem-10381	32	13	can	can	AUX
fbem-10381	32	14	significantly	significantly	ADV
fbem-10381	32	15	improve	improve	VERB
fbem-10381	32	16	the	the	DET
fbem-10381	32	17	future	future	ADJ
fbem-10381	32	18	performance	performance	NOUN
fbem-10381	32	19	of	of	ADP
fbem-10381	32	20	non	non	ADJ
fbem-10381	32	21	-	-	ADJ
fbem-10381	32	22	stateowned	stateowned	ADJ
fbem-10381	32	23	enterprises	enterprise	NOUN
fbem-10381	32	24	by	by	ADP
fbem-10381	32	25	easing	ease	VERB
fbem-10381	32	26	financing	financing	NOUN
fbem-10381	32	27	constraints[4	constraints[4	NOUN
fbem-10381	32	28	]	]	PUNCT
fbem-10381	32	29	.	.	PUNCT
fbem-10381	33	1	enterprises	enterprise	NOUN
fbem-10381	33	2	will	will	AUX
fbem-10381	33	3	have	have	VERB
fbem-10381	33	4	more	more	ADJ
fbem-10381	33	5	motivation	motivation	NOUN
fbem-10381	33	6	and	and	CCONJ
fbem-10381	33	7	willingness	willingness	NOUN
fbem-10381	33	8	to	to	PART
fbem-10381	33	9	build	build	VERB
fbem-10381	33	10	and	and	CCONJ
fbem-10381	33	11	operate	operate	VERB
fbem-10381	33	12	commercial	commercial	ADJ
fbem-10381	33	13	credit	credit	NOUN
fbem-10381	33	14	scale	scale	NOUN
fbem-10381	33	15	to	to	PART
fbem-10381	33	16	resist	resist	VERB
fbem-10381	33	17	the	the	DET
fbem-10381	33	18	liquidity	liquidity	NOUN
fbem-10381	33	19	impact	impact	NOUN
fbem-10381	33	20	caused	cause	VERB
fbem-10381	33	21	by	by	ADP
fbem-10381	33	22	monetary	monetary	ADJ
fbem-10381	33	23	policy	policy	NOUN
fbem-10381	33	24	changes	change	NOUN
fbem-10381	33	25	.	.	PUNCT
fbem-10381	34	1	at	at	ADP
fbem-10381	34	2	the	the	DET
fbem-10381	34	3	same	same	ADJ
fbem-10381	34	4	time	time	NOUN
fbem-10381	34	5	,	,	PUNCT
fbem-10381	34	6	the	the	DET
fbem-10381	34	7	development	development	NOUN
fbem-10381	34	8	level	level	NOUN
fbem-10381	34	9	of	of	ADP
fbem-10381	34	10	enterprise	enterprise	NOUN
fbem-10381	34	11	commercial	commercial	ADJ
fbem-10381	34	12	credit	credit	NOUN
fbem-10381	34	13	scale	scale	NOUN
fbem-10381	34	14	indirectly	indirectly	ADV
fbem-10381	34	15	reflects	reflect	VERB
fbem-10381	34	16	the	the	DET
fbem-10381	34	17	stability	stability	NOUN
fbem-10381	34	18	of	of	ADP
fbem-10381	34	19	the	the	DET
fbem-10381	34	20	enterprise	enterprise	NOUN
fbem-10381	34	21	's	's	PART
fbem-10381	34	22	future	future	ADJ
fbem-10381	34	23	debt	debt	NOUN
fbem-10381	34	24	repayment	repayment	NOUN
fbem-10381	34	25	ability	ability	NOUN
fbem-10381	34	26	,	,	PUNCT
fbem-10381	34	27	and	and	CCONJ
fbem-10381	34	28	the	the	DET
fbem-10381	34	29	financial	financial	ADJ
fbem-10381	34	30	risk	risk	NOUN
fbem-10381	34	31	is	be	AUX
fbem-10381	34	32	relatively	relatively	ADV
fbem-10381	34	33	low	low	ADJ
fbem-10381	34	34	.	.	PUNCT
fbem-10381	35	1	enterprises	enterprise	NOUN
fbem-10381	35	2	with	with	ADP
fbem-10381	35	3	good	good	ADJ
fbem-10381	35	4	commercial	commercial	ADJ
fbem-10381	35	5	credit	credit	NOUN
fbem-10381	35	6	construction	construction	NOUN
fbem-10381	35	7	are	be	AUX
fbem-10381	35	8	also	also	ADV
fbem-10381	35	9	more	more	ADV
fbem-10381	35	10	likely	likely	ADJ
fbem-10381	35	11	to	to	PART
fbem-10381	35	12	obtain	obtain	VERB
fbem-10381	35	13	lower	low	ADJ
fbem-10381	35	14	interest	interest	NOUN
fbem-10381	35	15	loans	loan	NOUN
fbem-10381	35	16	from	from	ADP
fbem-10381	35	17	financial	financial	ADJ
fbem-10381	35	18	institutions	institution	NOUN
fbem-10381	35	19	such	such	ADJ
fbem-10381	35	20	as	as	ADP
fbem-10381	35	21	banks.when	banks.when	PROPN
fbem-10381	35	22	upstream	upstream	ADJ
fbem-10381	35	23	enterprises	enterprise	NOUN
fbem-10381	35	24	provide	provide	VERB
fbem-10381	35	25	commercial	commercial	ADJ
fbem-10381	35	26	credit	credit	NOUN
fbem-10381	35	27	to	to	ADP
fbem-10381	35	28	downstream	downstream	ADJ
fbem-10381	35	29	enterprises	enterprise	NOUN
fbem-10381	35	30	,	,	PUNCT
fbem-10381	35	31	they	they	PRON
fbem-10381	35	32	consider	consider	VERB
fbem-10381	35	33	the	the	DET
fbem-10381	35	34	comprehensive	comprehensive	ADJ
fbem-10381	35	35	strength	strength	NOUN
fbem-10381	35	36	of	of	ADP
fbem-10381	35	37	downstream	downstream	NOUN
fbem-10381	35	38	enterprises[5].when	enterprises[5].when	ADV
fbem-10381	35	39	the	the	DET
fbem-10381	35	40	government	government	NOUN
fbem-10381	35	41	implements	implement	VERB
fbem-10381	35	42	loose	loose	ADJ
fbem-10381	35	43	fiscal	fiscal	ADJ
fbem-10381	35	44	policies	policy	NOUN
fbem-10381	35	45	,	,	PUNCT
fbem-10381	35	46	the	the	DET
fbem-10381	35	47	external	external	ADJ
fbem-10381	35	48	financing	financing	NOUN
fbem-10381	35	49	environment	environment	NOUN
fbem-10381	35	50	is	be	AUX
fbem-10381	35	51	relatively	relatively	ADV
fbem-10381	35	52	loose	loose	ADJ
fbem-10381	35	53	,	,	PUNCT
fbem-10381	35	54	and	and	CCONJ
fbem-10381	35	55	the	the	DET
fbem-10381	35	56	external	external	ADJ
fbem-10381	35	57	financing	financing	NOUN
fbem-10381	35	58	cost	cost	NOUN
fbem-10381	35	59	is	be	AUX
fbem-10381	35	60	lower	low	ADJ
fbem-10381	35	61	than	than	ADP
fbem-10381	35	62	the	the	DET
fbem-10381	35	63	internal	internal	ADJ
fbem-10381	35	64	one	one	NUM
fbem-10381	35	65	.	.	PUNCT
fbem-10381	36	1	enterprises	enterprise	NOUN
fbem-10381	36	2	are	be	AUX
fbem-10381	36	3	more	more	ADV
fbem-10381	36	4	willing	willing	ADJ
fbem-10381	36	5	to	to	PART
fbem-10381	36	6	use	use	VERB
fbem-10381	36	7	the	the	DET
fbem-10381	36	8	external	external	ADJ
fbem-10381	36	9	capital	capital	NOUN
fbem-10381	36	10	market	market	NOUN
fbem-10381	36	11	for	for	ADP
fbem-10381	36	12	financing	financing	NOUN
fbem-10381	36	13	,	,	PUNCT
fbem-10381	36	14	and	and	CCONJ
fbem-10381	36	15	play	play	VERB
fbem-10381	36	16	the	the	DET
fbem-10381	36	17	role	role	NOUN
fbem-10381	36	18	of	of	ADP
fbem-10381	36	19	market	market	NOUN
fbem-10381	36	20	economy	economy	NOUN
fbem-10381	36	21	to	to	PART
fbem-10381	36	22	expand	expand	VERB
fbem-10381	36	23	the	the	DET
fbem-10381	36	24	scale	scale	NOUN
fbem-10381	36	25	of	of	ADP
fbem-10381	36	26	enterprises	enterprise	NOUN
fbem-10381	36	27	,	,	PUNCT
fbem-10381	36	28	resulting	result	VERB
fbem-10381	36	29	in	in	ADP
fbem-10381	36	30	a	a	DET
fbem-10381	36	31	decrease	decrease	NOUN
fbem-10381	36	32	in	in	ADP
fbem-10381	36	33	the	the	DET
fbem-10381	36	34	activity	activity	NOUN
fbem-10381	36	35	of	of	ADP
fbem-10381	36	36	internal	internal	ADJ
fbem-10381	36	37	commercial	commercial	ADJ
fbem-10381	36	38	credit	credit	NOUN
fbem-10381	36	39	between	between	ADP
fbem-10381	36	40	enterprises	enterprise	NOUN
fbem-10381	36	41	.	.	PUNCT
fbem-10381	37	1	therefore	therefore	ADV
fbem-10381	37	2	,	,	PUNCT
fbem-10381	37	3	we	we	PRON
fbem-10381	37	4	propose	propose	VERB
fbem-10381	37	5	hypothesis	hypothesis	NOUN
fbem-10381	37	6	1	1	NUM
fbem-10381	37	7	.	.	PUNCT
fbem-10381	37	8	assumption	assumption	NOUN
fbem-10381	37	9	1	1	NUM
fbem-10381	37	10	:	:	PUNCT
fbem-10381	37	11	there	there	PRON
fbem-10381	37	12	is	be	VERB
fbem-10381	37	13	a	a	DET
fbem-10381	37	14	negative	negative	ADJ
fbem-10381	37	15	correlation	correlation	NOUN
fbem-10381	37	16	between	between	ADP
fbem-10381	37	17	corporate	corporate	ADJ
fbem-10381	37	18	commercial	commercial	ADJ
fbem-10381	37	19	credit	credit	NOUN
fbem-10381	37	20	and	and	CCONJ
fbem-10381	37	21	the	the	DET
fbem-10381	37	22	tightness	tightness	NOUN
fbem-10381	37	23	of	of	ADP
fbem-10381	37	24	monetary	monetary	ADJ
fbem-10381	37	25	policy	policy	NOUN
fbem-10381	37	26	,	,	PUNCT
fbem-10381	37	27	that	that	ADV
fbem-10381	37	28	is	is	ADV
fbem-10381	37	29	,	,	PUNCT
fbem-10381	37	30	when	when	SCONJ
fbem-10381	37	31	the	the	DET
fbem-10381	37	32	central	central	ADJ
fbem-10381	37	33	bank	bank	NOUN
fbem-10381	37	34	implements	implement	VERB
fbem-10381	37	35	a	a	DET
fbem-10381	37	36	relatively	relatively	ADV
fbem-10381	37	37	tight	tight	ADJ
fbem-10381	37	38	monetary	monetary	ADJ
fbem-10381	37	39	policy	policy	NOUN
fbem-10381	37	40	,	,	PUNCT
fbem-10381	37	41	the	the	DET
fbem-10381	37	42	activity	activity	NOUN
fbem-10381	37	43	of	of	ADP
fbem-10381	37	44	corporate	corporate	ADJ
fbem-10381	37	45	commercial	commercial	ADJ
fbem-10381	37	46	credit	credit	NOUN
fbem-10381	37	47	increases	increase	NOUN
fbem-10381	37	48	,	,	PUNCT
fbem-10381	37	49	thereby	thereby	ADV
fbem-10381	37	50	playing	play	VERB
fbem-10381	37	51	a	a	DET
fbem-10381	37	52	stabilizing	stabilize	VERB
fbem-10381	37	53	role	role	NOUN
fbem-10381	37	54	.	.	PUNCT
fbem-10381	38	1	2.2	2.2	NUM
fbem-10381	38	2	.	.	PUNCT
fbem-10381	39	1	the	the	DET
fbem-10381	39	2	functional	functional	ADJ
fbem-10381	39	3	alienation	alienation	NOUN
fbem-10381	39	4	of	of	ADP
fbem-10381	39	5	enterprises	enterprise	NOUN
fbem-10381	39	6	'	'	PART
fbem-10381	39	7	'	'	NOUN
fbem-10381	39	8	transition	transition	NOUN
fbem-10381	39	9	from	from	ADP
fbem-10381	39	10	reality	reality	NOUN
fbem-10381	39	11	to	to	PART
fbem-10381	39	12	void	void	VERB
fbem-10381	39	13	based	base	VERB
fbem-10381	39	14	on	on	ADP
fbem-10381	39	15	the	the	DET
fbem-10381	39	16	motivation	motivation	NOUN
fbem-10381	39	17	of	of	ADP
fbem-10381	39	18	"	"	PUNCT
fbem-10381	39	19	investment	investment	NOUN
fbem-10381	39	20	substitution	substitution	NOUN
fbem-10381	39	21	"	"	PUNCT
fbem-10381	39	22	,	,	PUNCT
fbem-10381	39	23	the	the	DET
fbem-10381	39	24	tendency	tendency	NOUN
fbem-10381	39	25	of	of	ADP
fbem-10381	39	26	enterprises	enterprise	NOUN
fbem-10381	39	27	to	to	PART
fbem-10381	39	28	"	"	PUNCT
fbem-10381	39	29	shift	shift	VERB
fbem-10381	39	30	from	from	ADP
fbem-10381	39	31	reality	reality	NOUN
fbem-10381	39	32	to	to	ADP
fbem-10381	39	33	emptiness	emptiness	NOUN
fbem-10381	39	34	"	"	PUNCT
fbem-10381	39	35	will	will	AUX
fbem-10381	39	36	reduce	reduce	VERB
fbem-10381	39	37	the	the	DET
fbem-10381	39	38	stabilizing	stabilize	VERB
fbem-10381	39	39	effect	effect	NOUN
fbem-10381	39	40	of	of	ADP
fbem-10381	39	41	commercial	commercial	ADJ
fbem-10381	39	42	credit	credit	NOUN
fbem-10381	39	43	on	on	ADP
fbem-10381	39	44	enterprise	enterprise	NOUN
fbem-10381	39	45	development	development	NOUN
fbem-10381	39	46	.	.	PUNCT
fbem-10381	40	1	the	the	DET
fbem-10381	40	2	motivation	motivation	NOUN
fbem-10381	40	3	of	of	ADP
fbem-10381	40	4	"	"	PUNCT
fbem-10381	40	5	investment	investment	NOUN
fbem-10381	40	6	substitution	substitution	NOUN
fbem-10381	40	7	"	"	PUNCT
fbem-10381	40	8	refers	refer	VERB
fbem-10381	40	9	to	to	ADP
fbem-10381	40	10	the	the	DET
fbem-10381	40	11	fact	fact	NOUN
fbem-10381	40	12	that	that	SCONJ
fbem-10381	40	13	enterprises	enterprise	NOUN
fbem-10381	40	14	allocate	allocate	VERB
fbem-10381	40	15	financial	financial	ADJ
fbem-10381	40	16	assets	asset	NOUN
fbem-10381	40	17	purely	purely	ADV
fbem-10381	40	18	for	for	ADP
fbem-10381	40	19	the	the	DET
fbem-10381	40	20	purpose	purpose	NOUN
fbem-10381	40	21	of	of	ADP
fbem-10381	40	22	capital	capital	NOUN
fbem-10381	40	23	profit	profit	NOUN
fbem-10381	40	24	seeking	seeking	NOUN
fbem-10381	40	25	.	.	PUNCT
fbem-10381	41	1	in	in	ADP
fbem-10381	41	2	recent	recent	ADJ
fbem-10381	41	3	years	year	NOUN
fbem-10381	41	4	,	,	PUNCT
fbem-10381	41	5	china	china	PROPN
fbem-10381	41	6	's	's	PART
fbem-10381	41	7	monetary	monetary	ADJ
fbem-10381	41	8	policy	policy	NOUN
fbem-10381	41	9	has	have	AUX
fbem-10381	41	10	been	be	AUX
fbem-10381	41	11	relatively	relatively	ADV
fbem-10381	41	12	loose	loose	ADJ
fbem-10381	41	13	overall	overall	ADV
fbem-10381	41	14	,	,	PUNCT
fbem-10381	41	15	with	with	ADP
fbem-10381	41	16	high	high	ADJ
fbem-10381	41	17	market	market	NOUN
fbem-10381	41	18	liquidity	liquidity	NOUN
fbem-10381	41	19	.	.	PUNCT
fbem-10381	42	1	the	the	DET
fbem-10381	42	2	holding	hold	VERB
fbem-10381	42	3	value	value	NOUN
fbem-10381	42	4	of	of	ADP
fbem-10381	42	5	financial	financial	ADJ
fbem-10381	42	6	assets	asset	NOUN
fbem-10381	42	7	and	and	CCONJ
fbem-10381	42	8	the	the	DET
fbem-10381	42	9	investment	investment	NOUN
fbem-10381	42	10	demand	demand	NOUN
fbem-10381	42	11	of	of	ADP
fbem-10381	42	12	enterprises	enterprise	NOUN
fbem-10381	42	13	have	have	AUX
fbem-10381	42	14	significantly	significantly	ADV
fbem-10381	42	15	increased	increase	VERB
fbem-10381	42	16	.	.	PUNCT
fbem-10381	43	1	due	due	ADP
fbem-10381	43	2	to	to	ADP
fbem-10381	43	3	the	the	DET
fbem-10381	43	4	fact	fact	NOUN
fbem-10381	43	5	that	that	SCONJ
fbem-10381	43	6	loose	loose	ADJ
fbem-10381	43	7	monetary	monetary	ADJ
fbem-10381	43	8	policy	policy	NOUN
fbem-10381	43	9	can	can	AUX
fbem-10381	43	10	stimulate	stimulate	VERB
fbem-10381	43	11	market	market	NOUN
fbem-10381	43	12	investment	investment	NOUN
fbem-10381	43	13	demand	demand	NOUN
fbem-10381	43	14	for	for	ADP
fbem-10381	43	15	financial	financial	ADJ
fbem-10381	43	16	assets	asset	NOUN
fbem-10381	43	17	more	more	ADJ
fbem-10381	43	18	than	than	ADP
fbem-10381	43	19	physical	physical	ADJ
fbem-10381	43	20	asset	asset	NOUN
fbem-10381	43	21	prices	price	NOUN
fbem-10381	43	22	,	,	PUNCT
fbem-10381	43	23	it	it	PRON
fbem-10381	43	24	has	have	VERB
fbem-10381	43	25	a	a	DET
fbem-10381	43	26	greater	great	ADJ
fbem-10381	43	27	impact	impact	NOUN
fbem-10381	43	28	on	on	ADP
fbem-10381	43	29	the	the	DET
fbem-10381	43	30	price	price	NOUN
fbem-10381	43	31	of	of	ADP
fbem-10381	43	32	financial	financial	ADJ
fbem-10381	43	33	assets[6	assets[6	PROPN
fbem-10381	43	34	]	]	PUNCT
fbem-10381	43	35	.	.	PUNCT
fbem-10381	44	1	however	however	ADV
fbem-10381	44	2	,	,	PUNCT
fbem-10381	44	3	the	the	DET
fbem-10381	44	4	expanding	expand	VERB
fbem-10381	44	5	investment	investment	NOUN
fbem-10381	44	6	demand	demand	NOUN
fbem-10381	44	7	may	may	AUX
fbem-10381	44	8	lead	lead	VERB
fbem-10381	44	9	to	to	ADP
fbem-10381	44	10	overheating	overheat	VERB
fbem-10381	44	11	of	of	ADP
fbem-10381	44	12	financial	financial	ADJ
fbem-10381	44	13	asset	asset	NOUN
fbem-10381	44	14	investment	investment	NOUN
fbem-10381	44	15	,	,	PUNCT
fbem-10381	44	16	resulting	result	VERB
fbem-10381	44	17	in	in	ADP
fbem-10381	44	18	more	more	ADJ
fbem-10381	44	19	asset	asset	NOUN
fbem-10381	44	20	price	price	NOUN
fbem-10381	44	21	foam	foam	NOUN
fbem-10381	44	22	and	and	CCONJ
fbem-10381	44	23	capital	capital	NOUN
fbem-10381	44	24	flows	flow	NOUN
fbem-10381	44	25	into	into	ADP
fbem-10381	44	26	the	the	DET
fbem-10381	44	27	real	real	ADJ
fbem-10381	44	28	estate	estate	NOUN
fbem-10381	44	29	market	market	NOUN
fbem-10381	44	30	,	,	PUNCT
fbem-10381	44	31	inhibiting	inhibit	VERB
fbem-10381	44	32	the	the	DET
fbem-10381	44	33	development	development	NOUN
fbem-10381	44	34	of	of	ADP
fbem-10381	44	35	the	the	DET
fbem-10381	44	36	real	real	ADJ
fbem-10381	44	37	economy[7	economy[7	NOUN
fbem-10381	44	38	]	]	PUNCT
fbem-10381	44	39	.	.	PUNCT
fbem-10381	45	1	against	against	ADP
fbem-10381	45	2	the	the	DET
fbem-10381	45	3	backdrop	backdrop	NOUN
fbem-10381	45	4	of	of	ADP
fbem-10381	45	5	"	"	PUNCT
fbem-10381	45	6	shifting	shift	VERB
fbem-10381	45	7	from	from	ADP
fbem-10381	45	8	reality	reality	NOUN
fbem-10381	45	9	to	to	ADP
fbem-10381	45	10	emptiness	emptiness	NOUN
fbem-10381	45	11	"	"	PUNCT
fbem-10381	45	12	,	,	PUNCT
fbem-10381	45	13	the	the	DET
fbem-10381	45	14	real	real	ADJ
fbem-10381	45	15	economy	economy	NOUN
fbem-10381	45	16	is	be	AUX
fbem-10381	45	17	slowing	slow	VERB
fbem-10381	45	18	down	down	ADP
fbem-10381	45	19	,	,	PUNCT
fbem-10381	45	20	the	the	DET
fbem-10381	45	21	virtual	virtual	ADJ
fbem-10381	45	22	economy	economy	NOUN
fbem-10381	45	23	is	be	AUX
fbem-10381	45	24	expanding	expand	VERB
fbem-10381	45	25	,	,	PUNCT
fbem-10381	45	26	and	and	CCONJ
fbem-10381	45	27	the	the	DET
fbem-10381	45	28	return	return	NOUN
fbem-10381	45	29	on	on	ADP
fbem-10381	45	30	short	short	ADJ
fbem-10381	45	31	-	-	PUNCT
fbem-10381	45	32	term	term	NOUN
fbem-10381	45	33	financial	financial	ADJ
fbem-10381	45	34	asset	asset	NOUN
fbem-10381	45	35	investment	investment	NOUN
fbem-10381	45	36	is	be	AUX
fbem-10381	45	37	higher	high	ADJ
fbem-10381	45	38	than	than	ADP
fbem-10381	45	39	the	the	DET
fbem-10381	45	40	return	return	NOUN
fbem-10381	45	41	on	on	ADP
fbem-10381	45	42	industrial	industrial	ADJ
fbem-10381	45	43	investment	investment	NOUN
fbem-10381	45	44	,	,	PUNCT
fbem-10381	45	45	resulting	result	VERB
fbem-10381	45	46	in	in	ADP
fbem-10381	45	47	a	a	DET
fbem-10381	45	48	preference	preference	NOUN
fbem-10381	45	49	for	for	ADP
fbem-10381	45	50	short	short	ADJ
fbem-10381	45	51	-	-	PUNCT
fbem-10381	45	52	sightedness	sightedness	NOUN
fbem-10381	45	53	among	among	ADP
fbem-10381	45	54	enterprises	enterprise	NOUN
fbem-10381	45	55	.	.	PUNCT
fbem-10381	46	1	from	from	ADP
fbem-10381	46	2	the	the	DET
fbem-10381	46	3	perspective	perspective	NOUN
fbem-10381	46	4	of	of	ADP
fbem-10381	46	5	providers	provider	NOUN
fbem-10381	46	6	of	of	ADP
fbem-10381	46	7	commercial	commercial	ADJ
fbem-10381	46	8	credit	credit	NOUN
fbem-10381	46	9	,	,	PUNCT
fbem-10381	46	10	short	short	ADJ
fbem-10381	46	11	-	-	PUNCT
fbem-10381	46	12	sighted	sighted	ADJ
fbem-10381	46	13	preferences	preference	NOUN
fbem-10381	46	14	will	will	AUX
fbem-10381	46	15	make	make	VERB
fbem-10381	46	16	companies	company	NOUN
fbem-10381	46	17	more	more	ADV
fbem-10381	46	18	inclined	inclined	ADJ
fbem-10381	46	19	to	to	PART
fbem-10381	46	20	allocate	allocate	VERB
fbem-10381	46	21	financial	financial	ADJ
fbem-10381	46	22	assets	asset	NOUN
fbem-10381	46	23	,	,	PUNCT
fbem-10381	46	24	resulting	result	VERB
fbem-10381	46	25	in	in	ADP
fbem-10381	46	26	a	a	DET
fbem-10381	46	27	"	"	PUNCT
fbem-10381	46	28	crowding	crowd	VERB
fbem-10381	46	29	out	out	ADP
fbem-10381	46	30	effect	effect	NOUN
fbem-10381	46	31	"	"	PUNCT
fbem-10381	46	32	on	on	ADP
fbem-10381	46	33	industrial	industrial	ADJ
fbem-10381	46	34	investment[8	investment[8	PROPN
fbem-10381	46	35	]	]	PUNCT
fbem-10381	46	36	,	,	PUNCT
fbem-10381	46	37	which	which	PRON
fbem-10381	46	38	affects	affect	VERB
fbem-10381	46	39	the	the	DET
fbem-10381	46	40	financing	financing	NOUN
fbem-10381	46	41	efficiency	efficiency	NOUN
fbem-10381	46	42	of	of	ADP
fbem-10381	46	43	commercial	commercial	ADJ
fbem-10381	46	44	credit	credit	NOUN
fbem-10381	46	45	.	.	PUNCT
fbem-10381	47	1	especially	especially	ADV
fbem-10381	47	2	when	when	SCONJ
fbem-10381	47	3	the	the	DET
fbem-10381	47	4	government	government	NOUN
fbem-10381	47	5	implements	implement	VERB
fbem-10381	47	6	a	a	DET
fbem-10381	47	7	tight	tight	ADJ
fbem-10381	47	8	monetary	monetary	ADJ
fbem-10381	47	9	policy	policy	NOUN
fbem-10381	47	10	,	,	PUNCT
fbem-10381	47	11	the	the	DET
fbem-10381	47	12	limited	limited	ADJ
fbem-10381	47	13	external	external	ADJ
fbem-10381	47	14	financing	financing	NOUN
fbem-10381	47	15	environment	environment	NOUN
fbem-10381	47	16	will	will	AUX
fbem-10381	47	17	strengthen	strengthen	VERB
fbem-10381	47	18	the	the	DET
fbem-10381	47	19	shortsightedness	shortsightedness	NOUN
fbem-10381	47	20	of	of	ADP
fbem-10381	47	21	resource	resource	NOUN
fbem-10381	47	22	allocation	allocation	NOUN
fbem-10381	47	23	.	.	PUNCT
fbem-10381	48	1	enterprises	enterprise	NOUN
fbem-10381	48	2	that	that	PRON
fbem-10381	48	3	shift	shift	VERB
fbem-10381	48	4	from	from	ADP
fbem-10381	48	5	real	real	ADJ
fbem-10381	48	6	to	to	ADP
fbem-10381	48	7	virtual	virtual	ADJ
fbem-10381	48	8	will	will	AUX
fbem-10381	48	9	pay	pay	VERB
fbem-10381	48	10	more	more	ADJ
fbem-10381	48	11	attention	attention	NOUN
fbem-10381	48	12	to	to	ADP
fbem-10381	48	13	short	short	ADJ
fbem-10381	48	14	-	-	PUNCT
fbem-10381	48	15	term	term	NOUN
fbem-10381	48	16	liquidity	liquidity	NOUN
fbem-10381	48	17	and	and	CCONJ
fbem-10381	48	18	tend	tend	VERB
fbem-10381	48	19	to	to	PART
fbem-10381	48	20	allocate	allocate	VERB
fbem-10381	48	21	financial	financial	ADJ
fbem-10381	48	22	assets	asset	NOUN
fbem-10381	48	23	with	with	ADP
fbem-10381	48	24	high	high	ADJ
fbem-10381	48	25	liquidity	liquidity	NOUN
fbem-10381	48	26	,	,	PUNCT
fbem-10381	48	27	strong	strong	ADJ
fbem-10381	48	28	liquidity	liquidity	NOUN
fbem-10381	48	29	,	,	PUNCT
fbem-10381	48	30	and	and	CCONJ
fbem-10381	48	31	low	low	ADJ
fbem-10381	48	32	risk	risk	NOUN
fbem-10381	48	33	,	,	PUNCT
fbem-10381	48	34	thereby	thereby	ADV
fbem-10381	48	35	reducing	reduce	VERB
fbem-10381	48	36	the	the	DET
fbem-10381	48	37	activity	activity	NOUN
fbem-10381	48	38	of	of	ADP
fbem-10381	48	39	commercial	commercial	ADJ
fbem-10381	48	40	credit	credit	NOUN
fbem-10381	48	41	between	between	ADP
fbem-10381	48	42	enterprises	enterprise	NOUN
fbem-10381	48	43	.	.	PUNCT
fbem-10381	49	1	from	from	ADP
fbem-10381	49	2	the	the	DET
fbem-10381	49	3	perspective	perspective	NOUN
fbem-10381	49	4	of	of	ADP
fbem-10381	49	5	the	the	DET
fbem-10381	49	6	recipient	recipient	NOUN
fbem-10381	49	7	of	of	ADP
fbem-10381	49	8	commercial	commercial	ADJ
fbem-10381	49	9	credit	credit	NOUN
fbem-10381	49	10	,	,	PUNCT
fbem-10381	49	11	excessive	excessive	ADJ
fbem-10381	49	12	allocation	allocation	NOUN
fbem-10381	49	13	of	of	ADP
fbem-10381	49	14	financial	financial	ADJ
fbem-10381	49	15	assets	asset	NOUN
fbem-10381	49	16	by	by	ADP
fbem-10381	49	17	enterprises	enterprise	NOUN
fbem-10381	49	18	can	can	AUX
fbem-10381	49	19	increase	increase	VERB
fbem-10381	49	20	the	the	DET
fbem-10381	49	21	uncertainty	uncertainty	NOUN
fbem-10381	49	22	of	of	ADP
fbem-10381	49	23	their	their	PRON
fbem-10381	49	24	own	own	ADJ
fbem-10381	49	25	cash	cash	NOUN
fbem-10381	49	26	flow	flow	NOUN
fbem-10381	49	27	.	.	PUNCT
fbem-10381	50	1	especially	especially	ADV
fbem-10381	50	2	during	during	ADP
fbem-10381	50	3	the	the	DET
fbem-10381	50	4	period	period	NOUN
fbem-10381	50	5	of	of	ADP
fbem-10381	50	6	monetary	monetary	ADJ
fbem-10381	50	7	policy	policy	NOUN
fbem-10381	50	8	tightening	tightening	NOUN
fbem-10381	50	9	,	,	PUNCT
fbem-10381	50	10	upstream	upstream	ADJ
fbem-10381	50	11	enterprises	enterprise	NOUN
fbem-10381	50	12	tend	tend	VERB
fbem-10381	50	13	to	to	PART
fbem-10381	50	14	be	be	AUX
fbem-10381	50	15	more	more	ADV
fbem-10381	50	16	cautious	cautious	ADJ
fbem-10381	50	17	in	in	ADP
fbem-10381	50	18	providing	provide	VERB
fbem-10381	50	19	commercial	commercial	ADJ
fbem-10381	50	20	credit	credit	NOUN
fbem-10381	50	21	models	model	NOUN
fbem-10381	50	22	with	with	ADP
fbem-10381	50	23	higher	high	ADJ
fbem-10381	50	24	risks	risk	NOUN
fbem-10381	50	25	and	and	CCONJ
fbem-10381	50	26	lower	low	ADJ
fbem-10381	50	27	transaction	transaction	NOUN
fbem-10381	50	28	costs	cost	NOUN
fbem-10381	50	29	,	,	PUNCT
fbem-10381	50	30	and	and	CCONJ
fbem-10381	50	31	tend	tend	VERB
fbem-10381	50	32	to	to	PART
fbem-10381	50	33	choose	choose	VERB
fbem-10381	50	34	downstream	downstream	ADJ
fbem-10381	50	35	enterprises	enterprise	NOUN
fbem-10381	50	36	with	with	ADP
fbem-10381	50	37	high	high	ADJ
fbem-10381	50	38	safety	safety	NOUN
fbem-10381	50	39	,	,	PUNCT
fbem-10381	50	40	stable	stable	ADJ
fbem-10381	50	41	operation	operation	NOUN
fbem-10381	50	42	,	,	PUNCT
fbem-10381	50	43	and	and	CCONJ
fbem-10381	50	44	low	low	ADJ
fbem-10381	50	45	default	default	NOUN
fbem-10381	50	46	risk[9	risk[9	PROPN
fbem-10381	50	47	]	]	PUNCT
fbem-10381	50	48	.	.	PUNCT
fbem-10381	51	1	enterprises	enterprise	NOUN
fbem-10381	51	2	with	with	ADP
fbem-10381	51	3	a	a	DET
fbem-10381	51	4	higher	high	ADJ
fbem-10381	51	5	degree	degree	NOUN
fbem-10381	51	6	of	of	ADP
fbem-10381	51	7	"	"	PUNCT
fbem-10381	51	8	detachment	detachment	NOUN
fbem-10381	51	9	from	from	ADP
fbem-10381	51	10	reality	reality	NOUN
fbem-10381	51	11	to	to	ADP
fbem-10381	51	12	emptiness	emptiness	NOUN
fbem-10381	51	13	"	"	PUNCT
fbem-10381	51	14	will	will	AUX
fbem-10381	51	15	find	find	VERB
fbem-10381	51	16	it	it	PRON
fbem-10381	51	17	more	more	ADV
fbem-10381	51	18	difficult	difficult	ADJ
fbem-10381	51	19	to	to	PART
fbem-10381	51	20	obtain	obtain	VERB
fbem-10381	51	21	low	low	ADJ
fbem-10381	51	22	-	-	PUNCT
fbem-10381	51	23	cost	cost	NOUN
fbem-10381	51	24	commercial	commercial	ADJ
fbem-10381	51	25	credit	credit	NOUN
fbem-10381	51	26	capital	capital	NOUN
fbem-10381	51	27	.	.	PUNCT
fbem-10381	52	1	therefore	therefore	ADV
fbem-10381	52	2	,	,	PUNCT
fbem-10381	52	3	we	we	PRON
fbem-10381	52	4	propose	propose	VERB
fbem-10381	52	5	hypothesis	hypothesis	NOUN
fbem-10381	52	6	2	2	NUM
fbem-10381	52	7	.	.	PUNCT
fbem-10381	52	8	assumption	assumption	NOUN
fbem-10381	52	9	2	2	NUM
fbem-10381	52	10	:	:	PUNCT
fbem-10381	52	11	the	the	DET
fbem-10381	52	12	tendency	tendency	NOUN
fbem-10381	52	13	of	of	ADP
fbem-10381	52	14	enterprises	enterprise	NOUN
fbem-10381	52	15	to	to	PART
fbem-10381	52	16	shift	shift	VERB
fbem-10381	52	17	from	from	ADP
fbem-10381	52	18	real	real	ADJ
fbem-10381	52	19	to	to	ADP
fbem-10381	52	20	virtual	virtual	ADJ
fbem-10381	52	21	will	will	AUX
fbem-10381	52	22	alienate	alienate	VERB
fbem-10381	52	23	the	the	DET
fbem-10381	52	24	stabilizer	stabilizer	NOUN
fbem-10381	52	25	function	function	NOUN
fbem-10381	52	26	of	of	ADP
fbem-10381	52	27	corporate	corporate	ADJ
fbem-10381	52	28	commercial	commercial	ADJ
fbem-10381	52	29	credit	credit	NOUN
fbem-10381	52	30	in	in	ADP
fbem-10381	52	31	monetary	monetary	ADJ
fbem-10381	52	32	policy	policy	NOUN
fbem-10381	52	33	,	,	PUNCT
fbem-10381	52	34	that	that	ADV
fbem-10381	52	35	is	is	ADV
fbem-10381	52	36	,	,	PUNCT
fbem-10381	52	37	when	when	SCONJ
fbem-10381	52	38	the	the	DET
fbem-10381	52	39	central	central	ADJ
fbem-10381	52	40	bank	bank	NOUN
fbem-10381	52	41	implements	implement	VERB
fbem-10381	52	42	tight	tight	ADJ
fbem-10381	52	43	monetary	monetary	ADJ
fbem-10381	52	44	policy	policy	NOUN
fbem-10381	52	45	,	,	PUNCT
fbem-10381	52	46	the	the	DET
fbem-10381	52	47	tendency	tendency	NOUN
fbem-10381	52	48	of	of	ADP
fbem-10381	52	49	enterprises	enterprise	NOUN
fbem-10381	52	50	to	to	PART
fbem-10381	52	51	shift	shift	VERB
fbem-10381	52	52	from	from	ADP
fbem-10381	52	53	real	real	ADJ
fbem-10381	52	54	to	to	ADP
fbem-10381	52	55	virtual	virtual	ADJ
fbem-10381	52	56	will	will	AUX
fbem-10381	52	57	inhibit	inhibit	VERB
fbem-10381	52	58	the	the	DET
fbem-10381	52	59	operation	operation	NOUN
fbem-10381	52	60	of	of	ADP
fbem-10381	52	61	corporate	corporate	ADJ
fbem-10381	52	62	commercial	commercial	ADJ
fbem-10381	52	63	credit	credit	NOUN
fbem-10381	52	64	.	.	PUNCT
fbem-10381	53	1	2.3	2.3	NUM
fbem-10381	53	2	.	.	PUNCT
fbem-10381	53	3	heterogeneous	heterogeneous	ADJ
fbem-10381	53	4	effects	effect	NOUN
fbem-10381	53	5	of	of	ADP
fbem-10381	53	6	equity	equity	NOUN
fbem-10381	53	7	nature	nature	NOUN
fbem-10381	53	8	due	due	ADP
fbem-10381	53	9	to	to	ADP
fbem-10381	53	10	significant	significant	ADJ
fbem-10381	53	11	institutional	institutional	ADJ
fbem-10381	53	12	differences	difference	NOUN
fbem-10381	53	13	in	in	ADP
fbem-10381	53	14	the	the	DET
fbem-10381	53	15	nature	nature	NOUN
fbem-10381	53	16	of	of	ADP
fbem-10381	53	17	equity	equity	NOUN
fbem-10381	53	18	in	in	ADP
fbem-10381	53	19	chinese	chinese	ADJ
fbem-10381	53	20	enterprises	enterprise	NOUN
fbem-10381	53	21	,	,	PUNCT
fbem-10381	53	22	corresponding	correspond	VERB
fbem-10381	53	23	financing	financing	NOUN
fbem-10381	53	24	methods	method	NOUN
fbem-10381	53	25	will	will	AUX
fbem-10381	53	26	also	also	ADV
fbem-10381	53	27	exhibit	exhibit	VERB
fbem-10381	53	28	differentiation	differentiation	NOUN
fbem-10381	53	29	.	.	PUNCT
fbem-10381	54	1	compared	compare	VERB
fbem-10381	54	2	with	with	ADP
fbem-10381	54	3	private	private	ADJ
fbem-10381	54	4	enterprises	enterprise	NOUN
fbem-10381	54	5	,	,	PUNCT
fbem-10381	54	6	state	state	NOUN
fbem-10381	54	7	-	-	PUNCT
fbem-10381	54	8	owned	own	VERB
fbem-10381	54	9	enterprises	enterprise	NOUN
fbem-10381	54	10	generally	generally	ADV
fbem-10381	54	11	have	have	VERB
fbem-10381	54	12	the	the	DET
fbem-10381	54	13	problem	problem	NOUN
fbem-10381	54	14	of	of	ADP
fbem-10381	54	15	"	"	PUNCT
fbem-10381	54	16	soft	soft	ADJ
fbem-10381	54	17	budget	budget	NOUN
fbem-10381	54	18	constraints"[10	constraints"[10	NOUN
fbem-10381	54	19	]	]	PUNCT
fbem-10381	54	20	.	.	PUNCT
fbem-10381	55	1	on	on	ADP
fbem-10381	55	2	the	the	DET
fbem-10381	55	3	one	one	NUM
fbem-10381	55	4	hand	hand	NOUN
fbem-10381	55	5	,	,	PUNCT
fbem-10381	55	6	state	state	NOUN
fbem-10381	55	7	-	-	PUNCT
fbem-10381	55	8	owned	own	VERB
fbem-10381	55	9	enterprises	enterprise	NOUN
fbem-10381	55	10	need	need	VERB
fbem-10381	55	11	to	to	PART
fbem-10381	55	12	bear	bear	VERB
fbem-10381	55	13	social	social	ADJ
fbem-10381	55	14	responsibilities	responsibility	NOUN
fbem-10381	55	15	closely	closely	ADV
fbem-10381	55	16	related	relate	VERB
fbem-10381	55	17	to	to	ADP
fbem-10381	55	18	people	people	NOUN
fbem-10381	55	19	's	's	PART
fbem-10381	55	20	livelihood	livelihood	NOUN
fbem-10381	55	21	and	and	CCONJ
fbem-10381	55	22	national	national	ADJ
fbem-10381	55	23	policies	policy	NOUN
fbem-10381	55	24	,	,	PUNCT
fbem-10381	55	25	such	such	ADJ
fbem-10381	55	26	as	as	ADP
fbem-10381	55	27	responding	respond	VERB
fbem-10381	55	28	to	to	ADP
fbem-10381	55	29	national	national	ADJ
fbem-10381	55	30	reform	reform	NOUN
fbem-10381	55	31	policies	policy	NOUN
fbem-10381	55	32	.	.	PUNCT
fbem-10381	56	1	the	the	DET
fbem-10381	56	2	government	government	NOUN
fbem-10381	56	3	will	will	AUX
fbem-10381	56	4	provide	provide	VERB
fbem-10381	56	5	financial	financial	ADJ
fbem-10381	56	6	support	support	NOUN
fbem-10381	56	7	through	through	ADP
fbem-10381	56	8	tax	tax	NOUN
fbem-10381	56	9	incentives	incentive	NOUN
fbem-10381	56	10	,	,	PUNCT
fbem-10381	56	11	additional	additional	ADJ
fbem-10381	56	12	budgets	budget	NOUN
fbem-10381	56	13	,	,	PUNCT
fbem-10381	56	14	and	and	CCONJ
fbem-10381	56	15	loan	loan	NOUN
fbem-10381	56	16	preferences	preference	NOUN
fbem-10381	56	17	;	;	PUNCT
fbem-10381	56	18	on	on	ADP
fbem-10381	56	19	the	the	DET
fbem-10381	56	20	other	other	ADJ
fbem-10381	56	21	hand	hand	NOUN
fbem-10381	56	22	,	,	PUNCT
fbem-10381	56	23	due	due	ADP
fbem-10381	56	24	to	to	ADP
fbem-10381	56	25	implicit	implicit	ADJ
fbem-10381	56	26	intervention	intervention	NOUN
fbem-10381	56	27	by	by	ADP
fbem-10381	56	28	local	local	ADJ
fbem-10381	56	29	governments	government	NOUN
fbem-10381	56	30	and	and	CCONJ
fbem-10381	56	31	similarities	similarity	NOUN
fbem-10381	56	32	in	in	ADP
fbem-10381	56	33	property	property	NOUN
fbem-10381	56	34	rights	right	NOUN
fbem-10381	56	35	,	,	PUNCT
fbem-10381	56	36	state	state	NOUN
fbem-10381	56	37	-	-	PUNCT
fbem-10381	56	38	owned	own	VERB
fbem-10381	56	39	enterprises	enterprise	NOUN
fbem-10381	56	40	are	be	AUX
fbem-10381	56	41	more	more	ADV
fbem-10381	56	42	likely	likely	ADJ
fbem-10381	56	43	to	to	PART
fbem-10381	56	44	receive	receive	VERB
fbem-10381	56	45	external	external	ADJ
fbem-10381	56	46	investment	investment	NOUN
fbem-10381	56	47	and	and	CCONJ
fbem-10381	56	48	financing	financing	NOUN
fbem-10381	56	49	support	support	NOUN
fbem-10381	56	50	from	from	ADP
fbem-10381	56	51	state	state	NOUN
fbem-10381	56	52	-	-	PUNCT
fbem-10381	56	53	owned	own	VERB
fbem-10381	56	54	banks	bank	NOUN
fbem-10381	56	55	and	and	CCONJ
fbem-10381	56	56	financial	financial	ADJ
fbem-10381	56	57	institutions	institution	NOUN
fbem-10381	56	58	compared	compare	VERB
fbem-10381	56	59	to	to	ADP
fbem-10381	56	60	private	private	ADJ
fbem-10381	56	61	enterprises	enterprise	NOUN
fbem-10381	56	62	,	,	PUNCT
fbem-10381	56	63	and	and	CCONJ
fbem-10381	56	64	are	be	AUX
fbem-10381	56	65	also	also	ADV
fbem-10381	56	66	more	more	ADV
fbem-10381	56	67	likely	likely	ADJ
fbem-10381	56	68	to	to	ADP
fbem-10381	56	69	252	252	NUM
fbem-10381	56	70	form	form	NOUN
fbem-10381	56	71	interconnected	interconnected	ADJ
fbem-10381	56	72	and	and	CCONJ
fbem-10381	56	73	good	good	ADJ
fbem-10381	56	74	cooperative	cooperative	ADJ
fbem-10381	56	75	relationships	relationship	NOUN
fbem-10381	56	76	with	with	ADP
fbem-10381	56	77	other	other	ADJ
fbem-10381	56	78	state	state	NOUN
fbem-10381	56	79	-	-	PUNCT
fbem-10381	56	80	owned	own	VERB
fbem-10381	56	81	enterprises	enterprise	NOUN
fbem-10381	56	82	.	.	PUNCT
fbem-10381	57	1	therefore	therefore	ADV
fbem-10381	57	2	,	,	PUNCT
fbem-10381	57	3	compared	compare	VERB
fbem-10381	57	4	with	with	ADP
fbem-10381	57	5	private	private	ADJ
fbem-10381	57	6	enterprises	enterprise	NOUN
fbem-10381	57	7	,	,	PUNCT
fbem-10381	57	8	state	state	NOUN
fbem-10381	57	9	-	-	PUNCT
fbem-10381	57	10	owned	own	VERB
fbem-10381	57	11	enterprises	enterprise	NOUN
fbem-10381	57	12	have	have	VERB
fbem-10381	57	13	lower	low	ADJ
fbem-10381	57	14	business	business	NOUN
fbem-10381	57	15	risks	risk	NOUN
fbem-10381	57	16	,	,	PUNCT
fbem-10381	57	17	higher	high	ADJ
fbem-10381	57	18	solvency	solvency	NOUN
fbem-10381	57	19	,	,	PUNCT
fbem-10381	57	20	natural	natural	ADJ
fbem-10381	57	21	advantages	advantage	NOUN
fbem-10381	57	22	in	in	ADP
fbem-10381	57	23	social	social	ADJ
fbem-10381	57	24	relations	relation	NOUN
fbem-10381	57	25	,	,	PUNCT
fbem-10381	57	26	stronger	strong	ADJ
fbem-10381	57	27	bargaining	bargaining	NOUN
fbem-10381	57	28	power	power	NOUN
fbem-10381	57	29	,	,	PUNCT
fbem-10381	57	30	and	and	CCONJ
fbem-10381	57	31	can	can	AUX
fbem-10381	57	32	more	more	ADV
fbem-10381	57	33	amplify	amplify	VERB
fbem-10381	57	34	the	the	DET
fbem-10381	57	35	positive	positive	ADJ
fbem-10381	57	36	externality	externality	NOUN
fbem-10381	57	37	of	of	ADP
fbem-10381	57	38	commercial	commercial	ADJ
fbem-10381	57	39	credit	credit	NOUN
fbem-10381	57	40	.	.	PUNCT
fbem-10381	58	1	in	in	ADP
fbem-10381	58	2	the	the	DET
fbem-10381	58	3	period	period	NOUN
fbem-10381	58	4	of	of	ADP
fbem-10381	58	5	monetary	monetary	ADJ
fbem-10381	58	6	tightening	tightening	NOUN
fbem-10381	58	7	,	,	PUNCT
fbem-10381	58	8	it	it	PRON
fbem-10381	58	9	is	be	AUX
fbem-10381	58	10	still	still	ADV
fbem-10381	58	11	easier	easy	ADJ
fbem-10381	58	12	to	to	PART
fbem-10381	58	13	obtain	obtain	VERB
fbem-10381	58	14	commercial	commercial	ADJ
fbem-10381	58	15	credit	credit	NOUN
fbem-10381	58	16	financing	financing	NOUN
fbem-10381	58	17	with	with	ADP
fbem-10381	58	18	lower	low	ADJ
fbem-10381	58	19	costs	cost	NOUN
fbem-10381	58	20	,	,	PUNCT
fbem-10381	58	21	so	so	SCONJ
fbem-10381	58	22	as	as	SCONJ
fbem-10381	58	23	to	to	PART
fbem-10381	58	24	give	give	VERB
fbem-10381	58	25	play	play	NOUN
fbem-10381	58	26	to	to	ADP
fbem-10381	58	27	the	the	DET
fbem-10381	58	28	impact	impact	NOUN
fbem-10381	58	29	of	of	ADP
fbem-10381	58	30	commercial	commercial	ADJ
fbem-10381	58	31	credit	credit	NOUN
fbem-10381	58	32	smoothing	smooth	VERB
fbem-10381	58	33	monetary	monetary	ADJ
fbem-10381	58	34	policy	policy	NOUN
fbem-10381	58	35	on	on	ADP
fbem-10381	58	36	the	the	DET
fbem-10381	58	37	fluctuation	fluctuation	NOUN
fbem-10381	58	38	of	of	ADP
fbem-10381	58	39	enterprise	enterprise	NOUN
fbem-10381	58	40	operating	operating	NOUN
fbem-10381	58	41	conditions	condition	NOUN
fbem-10381	58	42	.	.	PUNCT
fbem-10381	59	1	therefore	therefore	ADV
fbem-10381	59	2	,	,	PUNCT
fbem-10381	59	3	hypothesis	hypothesis	NOUN
fbem-10381	59	4	4	4	NUM
fbem-10381	59	5	is	be	AUX
fbem-10381	59	6	proposed	propose	VERB
fbem-10381	59	7	.	.	PUNCT
fbem-10381	60	1	assumption	assumption	NOUN
fbem-10381	60	2	3	3	NUM
fbem-10381	60	3	:	:	PUNCT
fbem-10381	60	4	the	the	DET
fbem-10381	60	5	nature	nature	NOUN
fbem-10381	60	6	of	of	ADP
fbem-10381	60	7	corporate	corporate	ADJ
fbem-10381	60	8	property	property	NOUN
fbem-10381	60	9	rights	right	NOUN
fbem-10381	60	10	will	will	AUX
fbem-10381	60	11	affect	affect	VERB
fbem-10381	60	12	the	the	DET
fbem-10381	60	13	stabilizer	stabilizer	NOUN
fbem-10381	60	14	function	function	NOUN
fbem-10381	60	15	of	of	ADP
fbem-10381	60	16	corporate	corporate	ADJ
fbem-10381	60	17	commercial	commercial	ADJ
fbem-10381	60	18	credit	credit	NOUN
fbem-10381	60	19	on	on	ADP
fbem-10381	60	20	monetary	monetary	ADJ
fbem-10381	60	21	policy	policy	NOUN
fbem-10381	60	22	,	,	PUNCT
fbem-10381	60	23	while	while	SCONJ
fbem-10381	60	24	state	state	NOUN
fbem-10381	60	25	-	-	PUNCT
fbem-10381	60	26	owned	own	VERB
fbem-10381	60	27	enterprises	enterprise	NOUN
fbem-10381	60	28	will	will	AUX
fbem-10381	60	29	expand	expand	VERB
fbem-10381	60	30	commercial	commercial	ADJ
fbem-10381	60	31	credit	credit	NOUN
fbem-10381	60	32	and	and	CCONJ
fbem-10381	60	33	weaken	weaken	VERB
fbem-10381	60	34	the	the	DET
fbem-10381	60	35	positive	positive	ADJ
fbem-10381	60	36	impact	impact	NOUN
fbem-10381	60	37	of	of	ADP
fbem-10381	60	38	monetary	monetary	ADJ
fbem-10381	60	39	policy	policy	NOUN
fbem-10381	60	40	on	on	ADP
fbem-10381	60	41	corporate	corporate	ADJ
fbem-10381	60	42	operating	operating	NOUN
fbem-10381	60	43	conditions	condition	NOUN
fbem-10381	60	44	.	.	PUNCT
fbem-10381	61	1	3	3	X
fbem-10381	61	2	.	.	X
fbem-10381	61	3	research	research	NOUN
fbem-10381	61	4	design	design	PROPN
fbem-10381	61	5	3.1	3.1	NUM
fbem-10381	61	6	.	.	PUNCT
fbem-10381	61	7	sample	sample	NOUN
fbem-10381	61	8	selection	selection	NOUN
fbem-10381	61	9	and	and	CCONJ
fbem-10381	61	10	data	datum	NOUN
fbem-10381	61	11	sources	source	NOUN
fbem-10381	61	12	considering	consider	VERB
fbem-10381	61	13	that	that	SCONJ
fbem-10381	61	14	china	china	PROPN
fbem-10381	61	15	began	begin	VERB
fbem-10381	61	16	implementing	implement	VERB
fbem-10381	61	17	new	new	ADJ
fbem-10381	61	18	accounting	accounting	NOUN
fbem-10381	61	19	standards	standard	NOUN
fbem-10381	61	20	for	for	ADP
fbem-10381	61	21	enterprises	enterprise	NOUN
fbem-10381	61	22	in	in	ADP
fbem-10381	61	23	2007	2007	NUM
fbem-10381	61	24	,	,	PUNCT
fbem-10381	61	25	this	this	DET
fbem-10381	61	26	article	article	NOUN
fbem-10381	61	27	selects	select	VERB
fbem-10381	61	28	a	a	DET
fbem-10381	61	29	-	-	PUNCT
fbem-10381	61	30	share	share	NOUN
fbem-10381	61	31	listed	list	VERB
fbem-10381	61	32	companies	company	NOUN
fbem-10381	61	33	in	in	ADP
fbem-10381	61	34	the	the	DET
fbem-10381	61	35	shanghai	shanghai	PROPN
fbem-10381	61	36	and	and	CCONJ
fbem-10381	61	37	shenzhen	shenzhen	PROPN
fbem-10381	61	38	stock	stock	PROPN
fbem-10381	61	39	markets	market	NOUN
fbem-10381	61	40	from	from	ADP
fbem-10381	61	41	2007	2007	NUM
fbem-10381	61	42	to	to	ADP
fbem-10381	61	43	2021	2021	NUM
fbem-10381	61	44	as	as	ADP
fbem-10381	61	45	the	the	DET
fbem-10381	61	46	initial	initial	ADJ
fbem-10381	61	47	sample	sample	NOUN
fbem-10381	61	48	.	.	PUNCT
fbem-10381	62	1	in	in	ADP
fbem-10381	62	2	addition	addition	NOUN
fbem-10381	62	3	,	,	PUNCT
fbem-10381	62	4	this	this	DET
fbem-10381	62	5	article	article	NOUN
fbem-10381	62	6	uses	use	VERB
fbem-10381	62	7	quarterly	quarterly	ADJ
fbem-10381	62	8	data	datum	NOUN
fbem-10381	62	9	to	to	PART
fbem-10381	62	10	better	well	ADV
fbem-10381	62	11	reflect	reflect	VERB
fbem-10381	62	12	the	the	DET
fbem-10381	62	13	degree	degree	NOUN
fbem-10381	62	14	of	of	ADP
fbem-10381	62	15	tightness	tightness	NOUN
fbem-10381	62	16	of	of	ADP
fbem-10381	62	17	monetary	monetary	ADJ
fbem-10381	62	18	policy	policy	NOUN
fbem-10381	62	19	in	in	ADP
fbem-10381	62	20	the	the	DET
fbem-10381	62	21	current	current	ADJ
fbem-10381	62	22	period	period	NOUN
fbem-10381	62	23	.	.	PUNCT
fbem-10381	63	1	at	at	ADP
fbem-10381	63	2	the	the	DET
fbem-10381	63	3	same	same	ADJ
fbem-10381	63	4	time	time	NOUN
fbem-10381	63	5	,	,	PUNCT
fbem-10381	63	6	the	the	DET
fbem-10381	63	7	data	datum	NOUN
fbem-10381	63	8	should	should	AUX
fbem-10381	63	9	be	be	AUX
fbem-10381	63	10	filtered	filter	VERB
fbem-10381	63	11	according	accord	VERB
fbem-10381	63	12	to	to	ADP
fbem-10381	63	13	the	the	DET
fbem-10381	63	14	following	following	ADJ
fbem-10381	63	15	principles	principle	NOUN
fbem-10381	63	16	:	:	PUNCT
fbem-10381	63	17	(	(	PUNCT
fbem-10381	63	18	1	1	X
fbem-10381	63	19	)	)	PUNCT
fbem-10381	63	20	excluding	exclude	VERB
fbem-10381	63	21	financial	financial	ADJ
fbem-10381	63	22	and	and	CCONJ
fbem-10381	63	23	st	st	PROPN
fbem-10381	63	24	companies	company	NOUN
fbem-10381	63	25	,	,	PUNCT
fbem-10381	63	26	as	as	ADV
fbem-10381	63	27	well	well	ADV
fbem-10381	63	28	as	as	ADP
fbem-10381	63	29	companies	company	NOUN
fbem-10381	63	30	that	that	PRON
fbem-10381	63	31	issue	issue	VERB
fbem-10381	63	32	and	and	CCONJ
fbem-10381	63	33	trade	trade	NOUN
fbem-10381	63	34	stocks	stock	NOUN
fbem-10381	63	35	on	on	ADP
fbem-10381	63	36	the	the	DET
fbem-10381	63	37	growth	growth	NOUN
fbem-10381	63	38	enterprise	enterprise	NOUN
fbem-10381	63	39	market	market	NOUN
fbem-10381	63	40	;	;	PUNCT
fbem-10381	63	41	(	(	PUNCT
fbem-10381	63	42	2	2	X
fbem-10381	63	43	)	)	PUNCT
fbem-10381	63	44	delete	delete	NOUN
fbem-10381	63	45	the	the	DET
fbem-10381	63	46	company	company	NOUN
fbem-10381	63	47	whose	whose	DET
fbem-10381	63	48	main	main	ADJ
fbem-10381	63	49	variable	variable	ADJ
fbem-10381	63	50	data	datum	NOUN
fbem-10381	63	51	is	be	AUX
fbem-10381	63	52	missing	miss	VERB
fbem-10381	63	53	,	,	PUNCT
fbem-10381	63	54	has	have	VERB
fbem-10381	63	55	outlier	outlier	VERB
fbem-10381	63	56	,	,	PUNCT
fbem-10381	63	57	or	or	CCONJ
fbem-10381	63	58	can	can	AUX
fbem-10381	63	59	not	not	PART
fbem-10381	63	60	determine	determine	VERB
fbem-10381	63	61	whether	whether	SCONJ
fbem-10381	63	62	it	it	PRON
fbem-10381	63	63	belongs	belong	VERB
fbem-10381	63	64	to	to	ADP
fbem-10381	63	65	the	the	DET
fbem-10381	63	66	group	group	NOUN
fbem-10381	63	67	control	control	NOUN
fbem-10381	63	68	.	.	PUNCT
fbem-10381	64	1	finally	finally	ADV
fbem-10381	64	2	,	,	PUNCT
fbem-10381	64	3	a	a	DET
fbem-10381	64	4	total	total	NOUN
fbem-10381	64	5	of	of	ADP
fbem-10381	64	6	43511	43511	NUM
fbem-10381	64	7	initial	initial	ADJ
fbem-10381	64	8	quarterly	quarterly	ADJ
fbem-10381	64	9	observation	observation	NOUN
fbem-10381	64	10	data	datum	NOUN
fbem-10381	64	11	were	be	AUX
fbem-10381	64	12	obtained	obtain	VERB
fbem-10381	64	13	from	from	ADP
fbem-10381	64	14	2733	2733	NUM
fbem-10381	64	15	companies	company	NOUN
fbem-10381	64	16	.	.	PUNCT
fbem-10381	65	1	the	the	DET
fbem-10381	65	2	data	datum	NOUN
fbem-10381	65	3	used	use	VERB
fbem-10381	65	4	in	in	ADP
fbem-10381	65	5	this	this	DET
fbem-10381	65	6	article	article	NOUN
fbem-10381	65	7	are	be	AUX
fbem-10381	65	8	all	all	ADV
fbem-10381	65	9	from	from	ADP
fbem-10381	65	10	the	the	DET
fbem-10381	65	11	guotai	guotai	NOUN
fbem-10381	65	12	an	an	DET
fbem-10381	65	13	database	database	NOUN
fbem-10381	65	14	,	,	PUNCT
fbem-10381	65	15	and	and	CCONJ
fbem-10381	65	16	the	the	DET
fbem-10381	65	17	variables	variable	NOUN
fbem-10381	65	18	are	be	AUX
fbem-10381	65	19	subjected	subject	VERB
fbem-10381	65	20	to	to	ADP
fbem-10381	65	21	1	1	NUM
fbem-10381	65	22	%	%	NOUN
fbem-10381	65	23	winsorize	winsorize	VERB
fbem-10381	65	24	processing	processing	NOUN
fbem-10381	65	25	.	.	PUNCT
fbem-10381	66	1	3.2	3.2	NUM
fbem-10381	66	2	.	.	PUNCT
fbem-10381	67	1	variable	variable	ADJ
fbem-10381	67	2	definition	definition	NOUN
fbem-10381	67	3	(	(	PUNCT
fbem-10381	67	4	1	1	X
fbem-10381	67	5	)	)	PUNCT
fbem-10381	67	6	monetary	monetary	ADJ
fbem-10381	67	7	policy	policy	NOUN
fbem-10381	67	8	.	.	PUNCT
fbem-10381	68	1	this	this	DET
fbem-10381	68	2	paper	paper	NOUN
fbem-10381	68	3	takes	take	VERB
fbem-10381	68	4	the	the	DET
fbem-10381	68	5	money	money	NOUN
fbem-10381	68	6	supply	supply	NOUN
fbem-10381	68	7	m2	m2	PROPN
fbem-10381	68	8	,	,	PUNCT
fbem-10381	68	9	m1	m1	PROPN
fbem-10381	68	10	,	,	PUNCT
fbem-10381	68	11	m0	m0	PROPN
fbem-10381	68	12	as	as	ADP
fbem-10381	68	13	the	the	DET
fbem-10381	68	14	representative	representative	ADJ
fbem-10381	68	15	variables	variable	NOUN
fbem-10381	68	16	of	of	ADP
fbem-10381	68	17	the	the	DET
fbem-10381	68	18	monetary	monetary	ADJ
fbem-10381	68	19	channel	channel	NOUN
fbem-10381	68	20	of	of	ADP
fbem-10381	68	21	china	china	PROPN
fbem-10381	68	22	's	's	PART
fbem-10381	68	23	monetary	monetary	ADJ
fbem-10381	68	24	policy	policy	NOUN
fbem-10381	68	25	transmission	transmission	NOUN
fbem-10381	68	26	;	;	PUNCT
fbem-10381	68	27	using	use	VERB
fbem-10381	68	28	the	the	DET
fbem-10381	68	29	total	total	ADJ
fbem-10381	68	30	amount	amount	NOUN
fbem-10381	68	31	of	of	ADP
fbem-10381	68	32	loans	loan	NOUN
fbem-10381	68	33	in	in	ADP
fbem-10381	68	34	the	the	DET
fbem-10381	68	35	use	use	NOUN
fbem-10381	68	36	of	of	ADP
fbem-10381	68	37	funds	fund	NOUN
fbem-10381	68	38	by	by	ADP
fbem-10381	68	39	financial	financial	ADJ
fbem-10381	68	40	institutions	institution	NOUN
fbem-10381	68	41	,	,	PUNCT
fbem-10381	68	42	cr	cr	PROPN
fbem-10381	68	43	,	,	PUNCT
fbem-10381	68	44	as	as	ADP
fbem-10381	68	45	a	a	DET
fbem-10381	68	46	representative	representative	ADJ
fbem-10381	68	47	variable	variable	NOUN
fbem-10381	68	48	of	of	ADP
fbem-10381	68	49	credit	credit	NOUN
fbem-10381	68	50	channels	channel	NOUN
fbem-10381	68	51	for	for	ADP
fbem-10381	68	52	china	china	PROPN
fbem-10381	68	53	's	's	PART
fbem-10381	68	54	monetary	monetary	ADJ
fbem-10381	68	55	policy	policy	NOUN
fbem-10381	68	56	transmission	transmission	NOUN
fbem-10381	68	57	,	,	PUNCT
fbem-10381	68	58	is	be	AUX
fbem-10381	68	59	used	use	VERB
fbem-10381	68	60	to	to	PART
fbem-10381	68	61	describe	describe	VERB
fbem-10381	68	62	the	the	DET
fbem-10381	68	63	degree	degree	NOUN
fbem-10381	68	64	of	of	ADP
fbem-10381	68	65	monetary	monetary	ADJ
fbem-10381	68	66	easing	easing	NOUN
fbem-10381	68	67	or	or	CCONJ
fbem-10381	68	68	tightening	tighten	VERB
fbem-10381	68	69	at	at	ADP
fbem-10381	68	70	the	the	DET
fbem-10381	68	71	macro	macro	ADJ
fbem-10381	68	72	level	level	NOUN
fbem-10381	68	73	.	.	PUNCT
fbem-10381	69	1	(	(	PUNCT
fbem-10381	69	2	2	2	X
fbem-10381	69	3	)	)	PUNCT
fbem-10381	69	4	corporate	corporate	ADJ
fbem-10381	69	5	commercial	commercial	ADJ
fbem-10381	69	6	credit	credit	NOUN
fbem-10381	69	7	.	.	PUNCT
fbem-10381	70	1	this	this	DET
fbem-10381	70	2	article	article	NOUN
fbem-10381	70	3	adopts	adopt	VERB
fbem-10381	70	4	the	the	DET
fbem-10381	70	5	method	method	NOUN
fbem-10381	70	6	of	of	ADP
fbem-10381	70	7	adding	add	VERB
fbem-10381	70	8	the	the	DET
fbem-10381	70	9	amount	amount	NOUN
fbem-10381	70	10	payable	payable	ADJ
fbem-10381	70	11	by	by	ADP
fbem-10381	70	12	the	the	DET
fbem-10381	70	13	enterprise	enterprise	NOUN
fbem-10381	70	14	to	to	ADP
fbem-10381	70	15	the	the	DET
fbem-10381	70	16	amount	amount	NOUN
fbem-10381	70	17	receivable	receivable	ADJ
fbem-10381	70	18	,	,	PUNCT
fbem-10381	70	19	and	and	CCONJ
fbem-10381	70	20	standardizes	standardize	VERB
fbem-10381	70	21	the	the	DET
fbem-10381	70	22	total	total	ADJ
fbem-10381	70	23	asset	asset	NOUN
fbem-10381	70	24	to	to	PART
fbem-10381	70	25	examine	examine	VERB
fbem-10381	70	26	the	the	DET
fbem-10381	70	27	activity	activity	NOUN
fbem-10381	70	28	of	of	ADP
fbem-10381	70	29	the	the	DET
fbem-10381	70	30	enterprise	enterprise	NOUN
fbem-10381	70	31	's	's	PART
fbem-10381	70	32	commercial	commercial	ADJ
fbem-10381	70	33	credit	credit	NOUN
fbem-10381	70	34	.	.	PUNCT
fbem-10381	71	1	(	(	PUNCT
fbem-10381	71	2	3	3	X
fbem-10381	71	3	)	)	PUNCT
fbem-10381	71	4	the	the	DET
fbem-10381	71	5	degree	degree	NOUN
fbem-10381	71	6	to	to	PART
fbem-10381	71	7	which	which	PRON
fbem-10381	71	8	enterprises	enterprise	NOUN
fbem-10381	71	9	have	have	AUX
fbem-10381	71	10	shifted	shift	VERB
fbem-10381	71	11	from	from	ADP
fbem-10381	71	12	reality	reality	NOUN
fbem-10381	71	13	to	to	ADP
fbem-10381	71	14	emptiness	emptiness	NOUN
fbem-10381	71	15	.	.	PUNCT
fbem-10381	72	1	this	this	DET
fbem-10381	72	2	article	article	NOUN
fbem-10381	72	3	refers	refer	VERB
fbem-10381	72	4	to	to	ADP
fbem-10381	72	5	the	the	DET
fbem-10381	72	6	approach	approach	NOUN
fbem-10381	72	7	of	of	ADP
fbem-10381	72	8	du	du	PROPN
fbem-10381	72	9	yong	yong	PROPN
fbem-10381	72	10	et	et	PROPN
fbem-10381	72	11	al.(2017)[11	al.(2017)[11	PROPN
fbem-10381	72	12	]	]	PUNCT
fbem-10381	72	13	to	to	PART
fbem-10381	72	14	measure	measure	VERB
fbem-10381	72	15	the	the	DET
fbem-10381	72	16	degree	degree	NOUN
fbem-10381	72	17	of	of	ADP
fbem-10381	72	18	a	a	DET
fbem-10381	72	19	company	company	NOUN
fbem-10381	72	20	's	's	PART
fbem-10381	72	21	"	"	PUNCT
fbem-10381	72	22	transition	transition	NOUN
fbem-10381	72	23	from	from	ADP
fbem-10381	72	24	real	real	ADJ
fbem-10381	72	25	to	to	ADP
fbem-10381	72	26	virtual	virtual	ADJ
fbem-10381	72	27	"	"	PUNCT
fbem-10381	72	28	in	in	ADP
fbem-10381	72	29	a	a	DET
fbem-10381	72	30	total	total	ADJ
fbem-10381	72	31	amount	amount	NOUN
fbem-10381	72	32	,	,	PUNCT
fbem-10381	72	33	and	and	CCONJ
fbem-10381	72	34	to	to	PART
fbem-10381	72	35	standardize	standardize	VERB
fbem-10381	72	36	it	it	PRON
fbem-10381	72	37	using	use	VERB
fbem-10381	72	38	total	total	ADJ
fbem-10381	72	39	asset	asset	NOUN
fbem-10381	72	40	.	.	PUNCT
fbem-10381	73	1	according	accord	VERB
fbem-10381	73	2	to	to	ADP
fbem-10381	73	3	demir	demir	PROPN
fbem-10381	73	4	et	et	PROPN
fbem-10381	73	5	al	al	PROPN
fbem-10381	73	6	.	.	PROPN
fbem-10381	74	1	(	(	PUNCT
fbem-10381	74	2	2008	2008	NUM
fbem-10381	74	3	)	)	PUNCT
fbem-10381	75	1	[	[	X
fbem-10381	75	2	12	12	NUM
fbem-10381	75	3	]	]	PUNCT
fbem-10381	75	4	and	and	CCONJ
fbem-10381	75	5	combined	combine	VERB
fbem-10381	75	6	with	with	ADP
fbem-10381	75	7	china	china	PROPN
fbem-10381	75	8	's	's	PART
fbem-10381	75	9	accounting	accounting	NOUN
fbem-10381	75	10	standards	standard	NOUN
fbem-10381	75	11	,	,	PUNCT
fbem-10381	75	12	this	this	DET
fbem-10381	75	13	article	article	NOUN
fbem-10381	75	14	defines	define	VERB
fbem-10381	75	15	financial	financial	ADJ
fbem-10381	75	16	assets	asset	NOUN
fbem-10381	75	17	as	as	ADP
fbem-10381	75	18	monetary	monetary	ADJ
fbem-10381	75	19	funds	fund	NOUN
fbem-10381	75	20	,	,	PUNCT
fbem-10381	75	21	trading	trade	VERB
fbem-10381	75	22	financial	financial	ADJ
fbem-10381	75	23	assets	asset	NOUN
fbem-10381	75	24	,	,	PUNCT
fbem-10381	75	25	derivative	derivative	ADJ
fbem-10381	75	26	financial	financial	ADJ
fbem-10381	75	27	assets	asset	NOUN
fbem-10381	75	28	,	,	PUNCT
fbem-10381	75	29	interest	interest	NOUN
fbem-10381	75	30	and	and	CCONJ
fbem-10381	75	31	dividend	dividend	NOUN
fbem-10381	75	32	receivables	receivable	NOUN
fbem-10381	75	33	,	,	PUNCT
fbem-10381	75	34	available	available	ADJ
fbem-10381	75	35	for	for	ADP
fbem-10381	75	36	sale	sale	NOUN
fbem-10381	75	37	financial	financial	ADJ
fbem-10381	75	38	assets	asset	NOUN
fbem-10381	75	39	,	,	PUNCT
fbem-10381	75	40	heldto	heldto	NOUN
fbem-10381	75	41	-	-	PUNCT
fbem-10381	75	42	maturity	maturity	NOUN
fbem-10381	75	43	investments	investment	NOUN
fbem-10381	75	44	,	,	PUNCT
fbem-10381	75	45	and	and	CCONJ
fbem-10381	75	46	investment	investment	NOUN
fbem-10381	75	47	real	real	ADJ
fbem-10381	75	48	estate	estate	NOUN
fbem-10381	75	49	.	.	PUNCT
fbem-10381	76	1	the	the	DET
fbem-10381	76	2	details	detail	NOUN
fbem-10381	76	3	of	of	ADP
fbem-10381	76	4	each	each	DET
fbem-10381	76	5	variable	variable	NOUN
fbem-10381	76	6	are	be	AUX
fbem-10381	76	7	shown	show	VERB
fbem-10381	76	8	in	in	ADP
fbem-10381	76	9	table	table	NOUN
fbem-10381	76	10	1	1	NUM
fbem-10381	76	11	.	.	PUNCT
fbem-10381	76	12	table	table	NOUN
fbem-10381	76	13	1	1	NUM
fbem-10381	76	14	.	.	PUNCT
fbem-10381	76	15	variable	variable	ADJ
fbem-10381	76	16	definition	definition	NOUN
fbem-10381	76	17	variable	variable	NOUN
fbem-10381	76	18	name	name	NOUN
fbem-10381	76	19	variable	variable	ADJ
fbem-10381	76	20	abbreviation	abbreviation	NOUN
fbem-10381	76	21	variable	variable	ADJ
fbem-10381	76	22	explanation	explanation	NOUN
fbem-10381	76	23	trade	trade	NOUN
fbem-10381	76	24	credit	credit	NOUN
fbem-10381	76	25	tc	tc	NOUN
fbem-10381	76	26	payable	payable	ADJ
fbem-10381	76	27	amount	amount	NOUN
fbem-10381	76	28	plus	plus	CCONJ
fbem-10381	76	29	receivable	receivable	ADJ
fbem-10381	76	30	amount	amount	NOUN
fbem-10381	76	31	monetary	monetary	ADJ
fbem-10381	76	32	policy	policy	NOUN
fbem-10381	76	33	(	(	PUNCT
fbem-10381	76	34	monetary	monetary	ADJ
fbem-10381	76	35	channel	channel	NOUN
fbem-10381	76	36	)	)	PUNCT
fbem-10381	76	37	m2	m2	PROPN
fbem-10381	76	38	broad	broad	ADJ
fbem-10381	76	39	money	money	NOUN
fbem-10381	76	40	supply	supply	NOUN
fbem-10381	76	41	m2	m2	PROPN
fbem-10381	76	42	growth	growth	NOUN
fbem-10381	76	43	rate	rate	NOUN
fbem-10381	76	44	m1	m1	PROPN
fbem-10381	76	45	narrow	narrow	ADJ
fbem-10381	76	46	money	money	NOUN
fbem-10381	76	47	supply	supply	NOUN
fbem-10381	76	48	m1	m1	NOUN
fbem-10381	76	49	growth	growth	NOUN
fbem-10381	76	50	rate	rate	NOUN
fbem-10381	76	51	m0	m0	NOUN
fbem-10381	76	52	money	money	NOUN
fbem-10381	76	53	supply	supply	NOUN
fbem-10381	76	54	in	in	ADP
fbem-10381	76	55	circulation	circulation	NOUN
fbem-10381	76	56	m0	m0	NOUN
fbem-10381	76	57	growth	growth	NOUN
fbem-10381	76	58	rate	rate	NOUN
fbem-10381	76	59	monetary	monetary	ADJ
fbem-10381	76	60	policy	policy	NOUN
fbem-10381	76	61	(	(	PUNCT
fbem-10381	76	62	credit	credit	NOUN
fbem-10381	76	63	channels	channel	NOUN
fbem-10381	76	64	)	)	PUNCT
fbem-10381	76	65	cr	cr	PROPN
fbem-10381	76	66	total	total	ADJ
fbem-10381	76	67	loan	loan	NOUN
fbem-10381	76	68	growth	growth	NOUN
fbem-10381	76	69	rate	rate	NOUN
fbem-10381	76	70	in	in	ADP
fbem-10381	76	71	the	the	DET
fbem-10381	76	72	use	use	NOUN
fbem-10381	76	73	of	of	ADP
fbem-10381	76	74	funds	fund	NOUN
fbem-10381	76	75	by	by	ADP
fbem-10381	76	76	cr	cr	PROPN
fbem-10381	76	77	financial	financial	ADJ
fbem-10381	76	78	institutions	institution	NOUN
fbem-10381	76	79	the	the	DET
fbem-10381	76	80	degree	degree	NOUN
fbem-10381	76	81	of	of	ADP
fbem-10381	76	82	enterprise	enterprise	NOUN
fbem-10381	76	83	's	's	PART
fbem-10381	76	84	"	"	PUNCT
fbem-10381	76	85	detachment	detachment	NOUN
fbem-10381	76	86	from	from	ADP
fbem-10381	76	87	reality	reality	NOUN
fbem-10381	76	88	to	to	ADP
fbem-10381	76	89	emptiness	emptiness	NOUN
fbem-10381	76	90	"	"	PUNCT
fbem-10381	76	91	fin	fin	NOUN
fbem-10381	76	92	(	(	PUNCT
fbem-10381	76	93	monetary	monetary	ADJ
fbem-10381	76	94	funds+trading	funds+trade	VERB
fbem-10381	76	95	financial	financial	ADJ
fbem-10381	76	96	assets+derivative	assets+derivative	ADJ
fbem-10381	76	97	financial	financial	ADJ
fbem-10381	76	98	assets+interest	assets+interest	PROPN
fbem-10381	76	99	and	and	CCONJ
fbem-10381	76	100	dividends	dividend	VERB
fbem-10381	76	101	receivable+available	receivable+available	ADJ
fbem-10381	76	102	for	for	ADP
fbem-10381	76	103	sale	sale	NOUN
fbem-10381	76	104	financial	financial	ADJ
fbem-10381	76	105	assets+held	assets+held	PROPN
fbem-10381	76	106	-	-	PUNCT
fbem-10381	76	107	tomaturity	tomaturity	NOUN
fbem-10381	76	108	investments+investment	investments+investment	ADJ
fbem-10381	76	109	real	real	ADJ
fbem-10381	76	110	estate)/total	estate)/total	ADJ
fbem-10381	76	111	asset	asset	NOUN
fbem-10381	76	112	capital	capital	NOUN
fbem-10381	76	113	structure	structure	NOUN
fbem-10381	76	114	lev	lev	NOUN
fbem-10381	76	115	total	total	ADJ
fbem-10381	76	116	liabilities	liability	NOUN
fbem-10381	76	117	/	/	SYM
fbem-10381	76	118	total	total	ADJ
fbem-10381	76	119	asset	asset	NOUN
fbem-10381	76	120	cash	cash	NOUN
fbem-10381	76	121	holding	hold	VERB
fbem-10381	76	122	ratio	ratio	NOUN
fbem-10381	76	123	cash	cash	NOUN
fbem-10381	76	124	cash	cash	NOUN
fbem-10381	76	125	/	/	SYM
fbem-10381	76	126	total	total	ADJ
fbem-10381	76	127	asset	asset	NOUN
fbem-10381	76	128	enterprise	enterprise	NOUN
fbem-10381	76	129	size	size	NOUN
fbem-10381	76	130	size	size	NOUN
fbem-10381	76	131	in(total	in(total	ADJ
fbem-10381	76	132	asset	asset	NOUN
fbem-10381	76	133	)	)	PUNCT
fbem-10381	76	134	profitability	profitability	NOUN
fbem-10381	76	135	rev	rev	VERB
fbem-10381	76	136	operating	operating	NOUN
fbem-10381	76	137	profit	profit	NOUN
fbem-10381	76	138	/	/	SYM
fbem-10381	76	139	total	total	ADJ
fbem-10381	76	140	asset	asset	NOUN
fbem-10381	76	141	mortgage	mortgage	NOUN
fbem-10381	76	142	ability	ability	NOUN
fbem-10381	76	143	cap	cap	VERB
fbem-10381	76	144	net	net	ADJ
fbem-10381	76	145	value	value	NOUN
fbem-10381	76	146	of	of	ADP
fbem-10381	76	147	fixed	fix	VERB
fbem-10381	76	148	assets	asset	NOUN
fbem-10381	76	149	/	/	SYM
fbem-10381	76	150	total	total	ADJ
fbem-10381	76	151	assets	asset	NOUN
fbem-10381	76	152	establishment	establishment	NOUN
fbem-10381	76	153	time	time	NOUN
fbem-10381	76	154	age	age	NOUN
fbem-10381	76	155	years	year	NOUN
fbem-10381	76	156	of	of	ADP
fbem-10381	76	157	listing	listing	NOUN
fbem-10381	76	158	of	of	ADP
fbem-10381	76	159	enterprises	enterprise	NOUN
fbem-10381	76	160	equity	equity	NOUN
fbem-10381	76	161	balance	balance	NOUN
fbem-10381	76	162	holdersrate	holdersrate	NOUN
fbem-10381	76	163	shareholding	shareholding	NOUN
fbem-10381	76	164	ratio	ratio	NOUN
fbem-10381	76	165	of	of	ADP
fbem-10381	76	166	the	the	DET
fbem-10381	76	167	top	top	ADJ
fbem-10381	76	168	ten	ten	NUM
fbem-10381	76	169	shareholders	shareholder	NOUN
fbem-10381	76	170	economic	economic	ADJ
fbem-10381	76	171	growth	growth	NOUN
fbem-10381	76	172	gdp	gdp	NOUN
fbem-10381	76	173	quarterly	quarterly	ADJ
fbem-10381	76	174	year	year	NOUN
fbem-10381	76	175	-	-	PUNCT
fbem-10381	76	176	on	on	ADP
fbem-10381	76	177	-	-	PUNCT
fbem-10381	76	178	year	year	NOUN
fbem-10381	76	179	growth	growth	NOUN
fbem-10381	76	180	rate	rate	NOUN
fbem-10381	76	181	of	of	ADP
fbem-10381	76	182	gross	gross	ADJ
fbem-10381	76	183	domestic	domestic	ADJ
fbem-10381	76	184	product	product	NOUN
fbem-10381	76	185	inflation	inflation	NOUN
fbem-10381	76	186	cpi	cpi	PROPN
fbem-10381	76	187	quarterly	quarterly	ADJ
fbem-10381	76	188	consumer	consumer	NOUN
fbem-10381	76	189	price	price	NOUN
fbem-10381	76	190	index	index	NOUN
fbem-10381	76	191	currency	currency	NOUN
fbem-10381	76	192	circulation	circulation	NOUN
fbem-10381	76	193	liq	liq	NOUN
fbem-10381	76	194	m2	m2	PROPN
fbem-10381	76	195	/	/	SYM
fbem-10381	76	196	m1	m1	PROPN
fbem-10381	76	197	3.3	3.3	NUM
fbem-10381	76	198	.	.	PUNCT
fbem-10381	77	1	model	model	NOUN
fbem-10381	77	2	settings	setting	NOUN
fbem-10381	77	3	to	to	PART
fbem-10381	77	4	effectively	effectively	ADV
fbem-10381	77	5	test	test	VERB
fbem-10381	77	6	the	the	DET
fbem-10381	77	7	relationship	relationship	NOUN
fbem-10381	77	8	between	between	ADP
fbem-10381	77	9	monetary	monetary	ADJ
fbem-10381	77	10	policy	policy	NOUN
fbem-10381	77	11	and	and	CCONJ
fbem-10381	77	12	corporate	corporate	ADJ
fbem-10381	77	13	commercial	commercial	ADJ
fbem-10381	77	14	credit	credit	NOUN
fbem-10381	77	15	,	,	PUNCT
fbem-10381	77	16	this	this	DET
fbem-10381	77	17	article	article	NOUN
fbem-10381	77	18	constructs	construct	VERB
fbem-10381	77	19	the	the	DET
fbem-10381	77	20	following	follow	VERB
fbem-10381	77	21	empirical	empirical	ADJ
fbem-10381	77	22	model	model	NOUN
fbem-10381	77	23	:	:	PUNCT
fbem-10381	77	24	itindiiiti	itindiiiti	PROPN
fbem-10381	77	25	gdpxt	gdpxt	PROPN
fbem-10381	77	26			PROPN
fbem-10381	77	27			VERB
fbem-10381	77	28	liqcpic	liqcpic	PROPN
fbem-10381	77	29	432i10,nd	432i10,nd	NUM
fbem-10381	77	30	(	(	PUNCT
fbem-10381	77	31	1	1	NUM
fbem-10381	77	32	)	)	PUNCT
fbem-10381	77	33	(	(	PUNCT
fbem-10381	77	34	2	2	NUM
fbem-10381	77	35	)	)	PUNCT
fbem-10381	77	36	among	among	ADP
fbem-10381	77	37	them	they	PRON
fbem-10381	77	38	,	,	PUNCT
fbem-10381	77	39	,	,	PUNCT
fbem-10381	77	40	is	be	AUX
fbem-10381	77	41	the	the	DET
fbem-10381	77	42	relevant	relevant	ADJ
fbem-10381	77	43	monetary	monetary	ADJ
fbem-10381	77	44	policy	policy	NOUN
fbem-10381	77	45	variable	variable	NOUN
fbem-10381	77	46	,	,	PUNCT
fbem-10381	77	47	is	be	AUX
fbem-10381	77	48	the	the	DET
fbem-10381	77	49	industry	industry	NOUN
fbem-10381	77	50	fixed	fix	VERB
fbem-10381	77	51	effect	effect	NOUN
fbem-10381	77	52	,	,	PUNCT
fbem-10381	77	53	and	and	CCONJ
fbem-10381	77	54	is	be	AUX
fbem-10381	77	55	a	a	DET
fbem-10381	77	56	random	random	ADJ
fbem-10381	77	57	disturbance	disturbance	NOUN
fbem-10381	77	58	term	term	NOUN
fbem-10381	77	59	.	.	PUNCT
fbem-10381	78	1	the	the	DET
fbem-10381	78	2	impact	impact	NOUN
fbem-10381	78	3	of	of	ADP
fbem-10381	78	4	monetary	monetary	ADJ
fbem-10381	78	5	policy	policy	NOUN
fbem-10381	78	6	on	on	ADP
fbem-10381	78	7	corporate	corporate	ADJ
fbem-10381	78	8	commercial	commercial	ADJ
fbem-10381	78	9	credit	credit	NOUN
fbem-10381	78	10	is	be	AUX
fbem-10381	78	11	represented	represent	VERB
fbem-10381	78	12	as	as	ADP
fbem-10381	78	13	in	in	ADP
fbem-10381	78	14	model	model	NOUN
fbem-10381	78	15	1	1	NUM
fbem-10381	78	16	.	.	PUNCT
fbem-10381	79	1	in	in	ADP
fbem-10381	79	2	model	model	NOUN
fbem-10381	79	3	2	2	NUM
fbem-10381	79	4	,	,	PUNCT
fbem-10381	79	5	represents	represent	VERB
fbem-10381	79	6	the	the	DET
fbem-10381	79	7	catabolism	catabolism	NOUN
fbem-10381	79	8	effect	effect	NOUN
fbem-10381	79	9	of	of	ADP
fbem-10381	79	10	enterprise	enterprise	NOUN
fbem-10381	79	11	financialization	financialization	NOUN
fbem-10381	79	12	on	on	ADP
fbem-10381	79	13	the	the	DET
fbem-10381	79	14	relationship	relationship	NOUN
fbem-10381	79	15	between	between	ADP
fbem-10381	79	16	monetary	monetary	ADJ
fbem-10381	79	17	policy	policy	NOUN
fbem-10381	79	18	and	and	CCONJ
fbem-10381	79	19	enterprise	enterprise	NOUN
fbem-10381	79	20	business	business	NOUN
fbem-10381	79	21	credit	credit	NOUN
fbem-10381	79	22	.	.	PUNCT
fbem-10381	80	1	ix	ix	PROPN
fbem-10381	80	2	ind	ind	PROPN
fbem-10381	80	3	it	it	NUM
fbem-10381	80	4	1	1	PROPN
fbem-10381	80	5	3	3	PROPN
fbem-10381	80	6	itindi	itindi	VERB
fbem-10381	80	7	iiittititti	iiittititti	NOUN
fbem-10381	80	8	gdpgdpxffxt	gdpgdpxffxt	VERB
fbem-10381	80	9			NOUN
fbem-10381	80	10			ADJ
fbem-10381	80	11			X
fbem-10381	80	12			ADP
fbem-10381	80	13	liq	liq	NOUN
fbem-10381	80	14	cpiininc	cpiininc	VERB
fbem-10381	80	15	7	7	NUM
fbem-10381	80	16	654,nd3,nd210,nd	654,nd3,nd210,nd	NUM
fbem-10381	80	17	253	253	NUM
fbem-10381	80	18	4	4	NUM
fbem-10381	80	19	.	.	PUNCT
fbem-10381	81	1	empirical	empirical	ADJ
fbem-10381	81	2	result	result	NOUN
fbem-10381	81	3	analysis	analysis	NOUN
fbem-10381	81	4	4.1	4.1	NUM
fbem-10381	81	5	.	.	PUNCT
fbem-10381	82	1	descriptive	descriptive	ADJ
fbem-10381	82	2	analysis	analysis	NOUN
fbem-10381	82	3	table	table	NOUN
fbem-10381	82	4	2	2	NUM
fbem-10381	82	5	shows	show	VERB
fbem-10381	82	6	the	the	DET
fbem-10381	82	7	descriptive	descriptive	ADJ
fbem-10381	82	8	statistical	statistical	ADJ
fbem-10381	82	9	results	result	NOUN
fbem-10381	82	10	of	of	ADP
fbem-10381	82	11	the	the	DET
fbem-10381	82	12	relevant	relevant	ADJ
fbem-10381	82	13	indicators	indicator	NOUN
fbem-10381	82	14	for	for	ADP
fbem-10381	82	15	the	the	DET
fbem-10381	82	16	entire	entire	ADJ
fbem-10381	82	17	sample	sample	NOUN
fbem-10381	82	18	.	.	PUNCT
fbem-10381	83	1	it	it	PRON
fbem-10381	83	2	can	can	AUX
fbem-10381	83	3	be	be	AUX
fbem-10381	83	4	seen	see	VERB
fbem-10381	83	5	that	that	SCONJ
fbem-10381	83	6	the	the	DET
fbem-10381	83	7	average	average	ADJ
fbem-10381	83	8	value	value	NOUN
fbem-10381	83	9	of	of	ADP
fbem-10381	83	10	enterprise	enterprise	NOUN
fbem-10381	83	11	commercial	commercial	ADJ
fbem-10381	83	12	credit	credit	NOUN
fbem-10381	83	13	(	(	PUNCT
fbem-10381	83	14	tc	tc	NOUN
fbem-10381	83	15	)	)	PUNCT
fbem-10381	83	16	is	be	AUX
fbem-10381	83	17	0.2103	0.2103	NUM
fbem-10381	83	18	,	,	PUNCT
fbem-10381	83	19	with	with	ADP
fbem-10381	83	20	a	a	DET
fbem-10381	83	21	standard	standard	ADJ
fbem-10381	83	22	deviation	deviation	NOUN
fbem-10381	83	23	of	of	ADP
fbem-10381	83	24	0.1498	0.1498	NUM
fbem-10381	83	25	,	,	PUNCT
fbem-10381	83	26	indicating	indicate	VERB
fbem-10381	83	27	that	that	SCONJ
fbem-10381	83	28	there	there	PRON
fbem-10381	83	29	is	be	VERB
fbem-10381	83	30	a	a	DET
fbem-10381	83	31	certain	certain	ADJ
fbem-10381	83	32	scale	scale	NOUN
fbem-10381	83	33	of	of	ADP
fbem-10381	83	34	commercial	commercial	ADJ
fbem-10381	83	35	credit	credit	NOUN
fbem-10381	83	36	scale	scale	NOUN
fbem-10381	83	37	in	in	ADP
fbem-10381	83	38	chinese	chinese	ADJ
fbem-10381	83	39	enterprises	enterprise	NOUN
fbem-10381	83	40	,	,	PUNCT
fbem-10381	83	41	and	and	CCONJ
fbem-10381	83	42	there	there	PRON
fbem-10381	83	43	is	be	VERB
fbem-10381	83	44	a	a	DET
fbem-10381	83	45	large	large	ADJ
fbem-10381	83	46	degree	degree	NOUN
fbem-10381	83	47	of	of	ADP
fbem-10381	83	48	individual	individual	ADJ
fbem-10381	83	49	difference	difference	NOUN
fbem-10381	83	50	between	between	ADP
fbem-10381	83	51	enterprises	enterprise	NOUN
fbem-10381	83	52	;	;	PUNCT
fbem-10381	83	53	on	on	ADP
fbem-10381	83	54	the	the	DET
fbem-10381	83	55	average	average	NOUN
fbem-10381	83	56	,	,	PUNCT
fbem-10381	83	57	the	the	DET
fbem-10381	83	58	net	net	ADJ
fbem-10381	83	59	inflow	inflow	NOUN
fbem-10381	83	60	of	of	ADP
fbem-10381	83	61	commercial	commercial	ADJ
fbem-10381	83	62	credit	credit	NOUN
fbem-10381	83	63	is	be	AUX
fbem-10381	83	64	higher	high	ADJ
fbem-10381	83	65	than	than	ADP
fbem-10381	83	66	the	the	DET
fbem-10381	83	67	net	net	ADJ
fbem-10381	83	68	outflow	outflow	NOUN
fbem-10381	83	69	.	.	PUNCT
fbem-10381	84	1	in	in	ADP
fbem-10381	84	2	terms	term	NOUN
fbem-10381	84	3	of	of	ADP
fbem-10381	84	4	enterprise	enterprise	NOUN
fbem-10381	84	5	characteristic	characteristic	ADJ
fbem-10381	84	6	variables	variable	NOUN
fbem-10381	84	7	,	,	PUNCT
fbem-10381	84	8	the	the	DET
fbem-10381	84	9	mean	mean	ADJ
fbem-10381	84	10	cash	cash	NOUN
fbem-10381	84	11	holding	hold	VERB
fbem-10381	84	12	ratio	ratio	NOUN
fbem-10381	84	13	(	(	PUNCT
fbem-10381	84	14	cash	cash	NOUN
fbem-10381	84	15	)	)	PUNCT
fbem-10381	84	16	is	be	AUX
fbem-10381	84	17	0.1819	0.1819	NUM
fbem-10381	84	18	,	,	PUNCT
fbem-10381	84	19	with	with	ADP
fbem-10381	84	20	a	a	DET
fbem-10381	84	21	standard	standard	ADJ
fbem-10381	84	22	deviation	deviation	NOUN
fbem-10381	84	23	of	of	ADP
fbem-10381	84	24	0.1379	0.1379	NUM
fbem-10381	84	25	,	,	PUNCT
fbem-10381	84	26	indicating	indicate	VERB
fbem-10381	84	27	that	that	SCONJ
fbem-10381	84	28	the	the	DET
fbem-10381	84	29	proportion	proportion	NOUN
fbem-10381	84	30	of	of	ADP
fbem-10381	84	31	non	non	ADJ
fbem-10381	84	32	monetary	monetary	ADJ
fbem-10381	84	33	financial	financial	ADJ
fbem-10381	84	34	assets	asset	NOUN
fbem-10381	84	35	in	in	ADP
fbem-10381	84	36	the	the	DET
fbem-10381	84	37	enterprise	enterprise	NOUN
fbem-10381	84	38	is	be	AUX
fbem-10381	84	39	close	close	ADJ
fbem-10381	84	40	to	to	ADP
fbem-10381	84	41	0.05	0.05	NUM
fbem-10381	84	42	,	,	PUNCT
fbem-10381	84	43	and	and	CCONJ
fbem-10381	84	44	the	the	DET
fbem-10381	84	45	difference	difference	NOUN
fbem-10381	84	46	in	in	ADP
fbem-10381	84	47	the	the	DET
fbem-10381	84	48	allocation	allocation	NOUN
fbem-10381	84	49	of	of	ADP
fbem-10381	84	50	non	non	ADJ
fbem-10381	84	51	monetary	monetary	ADJ
fbem-10381	84	52	financial	financial	ADJ
fbem-10381	84	53	assets	asset	NOUN
fbem-10381	84	54	is	be	AUX
fbem-10381	84	55	higher	high	ADJ
fbem-10381	84	56	than	than	ADP
fbem-10381	84	57	that	that	PRON
fbem-10381	84	58	of	of	ADP
fbem-10381	84	59	monetary	monetary	ADJ
fbem-10381	84	60	financial	financial	ADJ
fbem-10381	84	61	assets	asset	NOUN
fbem-10381	84	62	.	.	PUNCT
fbem-10381	85	1	this	this	PRON
fbem-10381	85	2	indirectly	indirectly	ADV
fbem-10381	85	3	indicates	indicate	VERB
fbem-10381	85	4	that	that	SCONJ
fbem-10381	85	5	the	the	DET
fbem-10381	85	6	subjectivity	subjectivity	NOUN
fbem-10381	85	7	of	of	ADP
fbem-10381	85	8	enterprise	enterprise	NOUN
fbem-10381	85	9	allocation	allocation	NOUN
fbem-10381	85	10	of	of	ADP
fbem-10381	85	11	financial	financial	ADJ
fbem-10381	85	12	assets	asset	NOUN
fbem-10381	85	13	is	be	AUX
fbem-10381	85	14	more	more	ADV
fbem-10381	85	15	obvious	obvious	ADJ
fbem-10381	85	16	,	,	PUNCT
fbem-10381	85	17	and	and	CCONJ
fbem-10381	85	18	it	it	PRON
fbem-10381	85	19	is	be	AUX
fbem-10381	85	20	not	not	PART
fbem-10381	85	21	purely	purely	ADV
fbem-10381	85	22	in	in	ADP
fbem-10381	85	23	the	the	DET
fbem-10381	85	24	need	need	NOUN
fbem-10381	85	25	of	of	ADP
fbem-10381	85	26	liquidity	liquidity	NOUN
fbem-10381	85	27	,	,	PUNCT
fbem-10381	85	28	reflecting	reflect	VERB
fbem-10381	85	29	the	the	DET
fbem-10381	85	30	complexity	complexity	NOUN
fbem-10381	85	31	of	of	ADP
fbem-10381	85	32	the	the	DET
fbem-10381	85	33	financial	financial	ADJ
fbem-10381	85	34	motivation	motivation	NOUN
fbem-10381	85	35	of	of	ADP
fbem-10381	85	36	physical	physical	ADJ
fbem-10381	85	37	enterprises	enterprise	NOUN
fbem-10381	85	38	.	.	PUNCT
fbem-10381	86	1	table	table	NOUN
fbem-10381	86	2	2	2	NUM
fbem-10381	86	3	.	.	PUNCT
fbem-10381	86	4	descriptive	descriptive	ADJ
fbem-10381	86	5	statistics	statistic	NOUN
fbem-10381	86	6	of	of	ADP
fbem-10381	86	7	enterprise	enterprise	NOUN
fbem-10381	86	8	level	level	NOUN
fbem-10381	86	9	variables	variable	NOUN
fbem-10381	86	10	variable	variable	ADJ
fbem-10381	86	11	obs	obs	NOUN
fbem-10381	86	12	mean	mean	VERB
fbem-10381	86	13	std.dev	std.dev	PROPN
fbem-10381	86	14	.	.	PUNCT
fbem-10381	87	1	min	min	PROPN
fbem-10381	87	2	max	max	PROPN
fbem-10381	87	3	tc	tc	NUM
fbem-10381	87	4	43,511	43,511	NUM
fbem-10381	87	5	0.2103	0.2103	NUM
fbem-10381	87	6	0.1498	0.1498	NUM
fbem-10381	87	7	0.0121	0.0121	NUM
fbem-10381	87	8	0.7317	0.7317	NUM
fbem-10381	87	9	fin	fin	NOUN
fbem-10381	87	10	43,511	43,511	NUM
fbem-10381	87	11	0.2307	0.2307	NUM
fbem-10381	87	12	0.1549	0.1549	NUM
fbem-10381	87	13	0.0230	0.0230	NUM
fbem-10381	87	14	0.7389	0.7389	NUM
fbem-10381	87	15	lev	lev	NOUN
fbem-10381	87	16	43,511	43,511	NUM
fbem-10381	87	17	0.4289	0.4289	NUM
fbem-10381	87	18	0.2233	0.2233	NUM
fbem-10381	87	19	0.0453	0.0453	NUM
fbem-10381	87	20	0.9500	0.9500	NUM
fbem-10381	87	21	cash	cash	NOUN
fbem-10381	87	22	43,511	43,511	NUM
fbem-10381	87	23	0.1819	0.1819	NUM
fbem-10381	87	24	0.1379	0.1379	NUM
fbem-10381	87	25	0.0124	0.0124	NUM
fbem-10381	87	26	0.6688	0.6688	NUM
fbem-10381	87	27	size	size	NOUN
fbem-10381	87	28	43,511	43,511	NUM
fbem-10381	87	29	22.0019	22.0019	NUM
fbem-10381	87	30	1.2883	1.2883	NUM
fbem-10381	87	31	19.5235	19.5235	NUM
fbem-10381	87	32	25.9202	25.9202	NUM
fbem-10381	87	33	cap	cap	NOUN
fbem-10381	87	34	43,511	43,511	NUM
fbem-10381	87	35	0.2220	0.2220	NUM
fbem-10381	87	36	0.1650	0.1650	NUM
fbem-10381	87	37	0.0019	0.0019	NUM
fbem-10381	87	38	0.7126	0.7126	NUM
fbem-10381	87	39	rev	rev	VERB
fbem-10381	87	40	43,511	43,511	NUM
fbem-10381	87	41	0.0254	0.0254	NUM
fbem-10381	87	42	0.0400	0.0400	NUM
fbem-10381	87	43	-0.0937	-0.0937	X
fbem-10381	88	1	0.1652	0.1652	NUM
fbem-10381	88	2	age	age	NOUN
fbem-10381	88	3	43,511	43,511	NUM
fbem-10381	88	4	16.2154	16.2154	NUM
fbem-10381	88	5	5.1242	5.1242	NUM
fbem-10381	88	6	5.0000	5.0000	NUM
fbem-10381	88	7	29.0000	29.0000	NUM
fbem-10381	88	8	holdersrate	holdersrate	NOUN
fbem-10381	88	9	43,511	43,511	NUM
fbem-10381	88	10	0.5818	0.5818	NUM
fbem-10381	88	11	0.1552	0.1552	NUM
fbem-10381	88	12	0.0226	0.0226	NUM
fbem-10381	88	13	0.9088	0.9088	NUM
fbem-10381	88	14	4.2	4.2	NUM
fbem-10381	88	15	.	.	PUNCT
fbem-10381	89	1	empirical	empirical	ADJ
fbem-10381	89	2	analysis	analysis	NOUN
fbem-10381	89	3	4.2.1	4.2.1	NUM
fbem-10381	89	4	.	.	PUNCT
fbem-10381	90	1	h1	h1	AUX
fbem-10381	90	2	test	test	NOUN
fbem-10381	90	3	results	result	VERB
fbem-10381	90	4	corporate	corporate	ADJ
fbem-10381	90	5	commercial	commercial	ADJ
fbem-10381	90	6	credit	credit	NOUN
fbem-10381	90	7	and	and	CCONJ
fbem-10381	90	8	monetary	monetary	ADJ
fbem-10381	90	9	policy	policy	NOUN
fbem-10381	90	10	in	in	ADP
fbem-10381	90	11	this	this	DET
fbem-10381	90	12	section	section	NOUN
fbem-10381	90	13	,	,	PUNCT
fbem-10381	90	14	the	the	DET
fbem-10381	90	15	sample	sample	NOUN
fbem-10381	90	16	is	be	AUX
fbem-10381	90	17	divided	divide	VERB
fbem-10381	90	18	into	into	ADP
fbem-10381	90	19	tight	tight	ADJ
fbem-10381	90	20	and	and	CCONJ
fbem-10381	90	21	easy	easy	ADJ
fbem-10381	90	22	periods	period	NOUN
fbem-10381	90	23	of	of	ADP
fbem-10381	90	24	monetary	monetary	ADJ
fbem-10381	90	25	policy	policy	NOUN
fbem-10381	90	26	for	for	ADP
fbem-10381	90	27	mean	mean	ADJ
fbem-10381	90	28	difference	difference	NOUN
fbem-10381	90	29	test	test	NOUN
fbem-10381	90	30	according	accord	VERB
fbem-10381	90	31	to	to	ADP
fbem-10381	90	32	whether	whether	SCONJ
fbem-10381	90	33	the	the	DET
fbem-10381	90	34	m2	m2	PROPN
fbem-10381	90	35	growth	growth	NOUN
fbem-10381	90	36	rate	rate	NOUN
fbem-10381	90	37	of	of	ADP
fbem-10381	90	38	broad	broad	ADJ
fbem-10381	90	39	money	money	NOUN
fbem-10381	90	40	supply	supply	NOUN
fbem-10381	90	41	is	be	AUX
fbem-10381	90	42	higher	high	ADJ
fbem-10381	90	43	than	than	ADP
fbem-10381	90	44	the	the	DET
fbem-10381	90	45	average	average	NOUN
fbem-10381	90	46	,	,	PUNCT
fbem-10381	90	47	as	as	SCONJ
fbem-10381	90	48	shown	show	VERB
fbem-10381	90	49	in	in	ADP
fbem-10381	90	50	table	table	NOUN
fbem-10381	90	51	3	3	NUM
fbem-10381	90	52	.	.	PUNCT
fbem-10381	91	1	it	it	PRON
fbem-10381	91	2	can	can	AUX
fbem-10381	91	3	be	be	AUX
fbem-10381	91	4	seen	see	VERB
fbem-10381	91	5	that	that	SCONJ
fbem-10381	91	6	whether	whether	SCONJ
fbem-10381	91	7	it	it	PRON
fbem-10381	91	8	is	be	AUX
fbem-10381	91	9	net	net	ADJ
fbem-10381	91	10	inflow	inflow	NOUN
fbem-10381	91	11	or	or	CCONJ
fbem-10381	91	12	net	net	ADJ
fbem-10381	91	13	outflow	outflow	NOUN
fbem-10381	91	14	,	,	PUNCT
fbem-10381	91	15	the	the	DET
fbem-10381	91	16	commercial	commercial	ADJ
fbem-10381	91	17	credit	credit	NOUN
fbem-10381	91	18	scale	scale	NOUN
fbem-10381	91	19	of	of	ADP
fbem-10381	91	20	enterprises	enterprise	NOUN
fbem-10381	91	21	during	during	ADP
fbem-10381	91	22	the	the	DET
fbem-10381	91	23	tightening	tightening	ADJ
fbem-10381	91	24	period	period	NOUN
fbem-10381	91	25	of	of	ADP
fbem-10381	91	26	monetary	monetary	ADJ
fbem-10381	91	27	policy	policy	NOUN
fbem-10381	91	28	is	be	AUX
fbem-10381	91	29	significantly	significantly	ADV
fbem-10381	91	30	higher	high	ADJ
fbem-10381	91	31	than	than	ADP
fbem-10381	91	32	that	that	PRON
fbem-10381	91	33	during	during	ADP
fbem-10381	91	34	the	the	DET
fbem-10381	91	35	easing	ease	VERB
fbem-10381	91	36	period	period	NOUN
fbem-10381	91	37	.	.	PUNCT
fbem-10381	92	1	from	from	ADP
fbem-10381	92	2	the	the	DET
fbem-10381	92	3	perspective	perspective	NOUN
fbem-10381	92	4	of	of	ADP
fbem-10381	92	5	enterprise	enterprise	NOUN
fbem-10381	92	6	characteristics	characteristic	NOUN
fbem-10381	92	7	,	,	PUNCT
fbem-10381	92	8	under	under	ADP
fbem-10381	92	9	the	the	DET
fbem-10381	92	10	tight	tight	ADJ
fbem-10381	92	11	monetary	monetary	ADJ
fbem-10381	92	12	policy	policy	NOUN
fbem-10381	92	13	,	,	PUNCT
fbem-10381	92	14	the	the	DET
fbem-10381	92	15	scale	scale	NOUN
fbem-10381	92	16	of	of	ADP
fbem-10381	92	17	enterprises	enterprise	NOUN
fbem-10381	92	18	,	,	PUNCT
fbem-10381	92	19	the	the	DET
fbem-10381	92	20	tendency	tendency	NOUN
fbem-10381	92	21	to	to	PART
fbem-10381	92	22	shift	shift	VERB
fbem-10381	92	23	from	from	ADP
fbem-10381	92	24	real	real	ADV
fbem-10381	92	25	to	to	ADP
fbem-10381	92	26	virtual	virtual	ADJ
fbem-10381	92	27	,	,	PUNCT
fbem-10381	92	28	cash	cash	NOUN
fbem-10381	92	29	holdings	holding	NOUN
fbem-10381	92	30	,	,	PUNCT
fbem-10381	92	31	profitability	profitability	NOUN
fbem-10381	92	32	,	,	PUNCT
fbem-10381	92	33	and	and	CCONJ
fbem-10381	92	34	equity	equity	NOUN
fbem-10381	92	35	concentration	concentration	NOUN
fbem-10381	92	36	have	have	AUX
fbem-10381	92	37	all	all	PRON
fbem-10381	92	38	decreased	decrease	VERB
fbem-10381	92	39	compared	compare	VERB
fbem-10381	92	40	to	to	ADP
fbem-10381	92	41	the	the	DET
fbem-10381	92	42	loose	loose	ADJ
fbem-10381	92	43	period	period	NOUN
fbem-10381	92	44	,	,	PUNCT
fbem-10381	92	45	indicating	indicate	VERB
fbem-10381	92	46	that	that	SCONJ
fbem-10381	92	47	the	the	DET
fbem-10381	92	48	tight	tight	ADJ
fbem-10381	92	49	monetary	monetary	ADJ
fbem-10381	92	50	policy	policy	NOUN
fbem-10381	92	51	has	have	VERB
fbem-10381	92	52	a	a	DET
fbem-10381	92	53	negative	negative	ADJ
fbem-10381	92	54	impact	impact	NOUN
fbem-10381	92	55	on	on	ADP
fbem-10381	92	56	enterprise	enterprise	NOUN
fbem-10381	92	57	operations	operation	NOUN
fbem-10381	92	58	at	at	ADP
fbem-10381	92	59	the	the	DET
fbem-10381	92	60	micro	micro	ADJ
fbem-10381	92	61	level	level	NOUN
fbem-10381	92	62	.	.	PUNCT
fbem-10381	93	1	the	the	DET
fbem-10381	93	2	test	test	NOUN
fbem-10381	93	3	results	result	NOUN
fbem-10381	93	4	after	after	ADP
fbem-10381	93	5	grouping	group	VERB
fbem-10381	93	6	by	by	ADP
fbem-10381	93	7	other	other	ADJ
fbem-10381	93	8	monetary	monetary	ADJ
fbem-10381	93	9	policy	policy	NOUN
fbem-10381	93	10	variables	variable	NOUN
fbem-10381	93	11	are	be	AUX
fbem-10381	93	12	consistent	consistent	ADJ
fbem-10381	93	13	with	with	ADP
fbem-10381	93	14	those	those	PRON
fbem-10381	93	15	after	after	ADP
fbem-10381	93	16	grouping	group	VERB
fbem-10381	93	17	by	by	ADP
fbem-10381	93	18	m2	m2	PROPN
fbem-10381	93	19	.	.	PROPN
fbem-10381	93	20	table	table	NOUN
fbem-10381	93	21	3	3	NUM
fbem-10381	93	22	.	.	PUNCT
fbem-10381	94	1	the	the	DET
fbem-10381	94	2	mean	mean	ADJ
fbem-10381	94	3	difference	difference	NOUN
fbem-10381	94	4	test	test	NOUN
fbem-10381	94	5	for	for	ADP
fbem-10381	94	6	various	various	ADJ
fbem-10381	94	7	indicators	indicator	NOUN
fbem-10381	94	8	of	of	ADP
fbem-10381	94	9	enterprises	enterprise	NOUN
fbem-10381	94	10	based	base	VERB
fbem-10381	94	11	on	on	ADP
fbem-10381	94	12	monetary	monetary	ADJ
fbem-10381	94	13	policy	policy	NOUN
fbem-10381	94	14	variables	variable	NOUN
fbem-10381	94	15	tight	tight	ADJ
fbem-10381	94	16	mean1	mean1	NOUN
fbem-10381	94	17	easy	easy	ADJ
fbem-10381	94	18	mean2	mean2	NOUN
fbem-10381	94	19	meandiff	meandiff	NOUN
fbem-10381	94	20	tc	tc	NOUN
fbem-10381	94	21	24,178	24,178	NUM
fbem-10381	94	22	0.2120	0.2120	NUM
fbem-10381	94	23	19,333	19,333	NUM
fbem-10381	94	24	0.2090	0.2090	NUM
fbem-10381	94	25	0.003	0.003	NUM
fbem-10381	94	26	*	*	PUNCT
fbem-10381	94	27	*	*	PUNCT
fbem-10381	94	28	tcin	tcin	PROPN
fbem-10381	94	29	24,178	24,178	NUM
fbem-10381	94	30	0.1220	0.1220	NUM
fbem-10381	94	31	19,333	19,333	NUM
fbem-10381	94	32	0.1200	0.1200	NUM
fbem-10381	94	33	0.002	0.002	NUM
fbem-10381	94	34	*	*	SYM
fbem-10381	94	35	tcout	tcout	ADP
fbem-10381	94	36	24,178	24,178	NUM
fbem-10381	94	37	0.0900	0.0900	NUM
fbem-10381	94	38	19,333	19,333	NUM
fbem-10381	94	39	0.0890	0.0890	NUM
fbem-10381	94	40	0.001	0.001	NUM
fbem-10381	94	41	*	*	PUNCT
fbem-10381	94	42	*	*	PUNCT
fbem-10381	95	1	m2	m2	PROPN
fbem-10381	95	2	24,178	24,178	NUM
fbem-10381	95	3	0.0080	0.0080	NUM
fbem-10381	95	4	16,600	16,600	NUM
fbem-10381	95	5	0.0180	0.0180	NUM
fbem-10381	95	6	-0.010	-0.010	PUNCT
fbem-10381	95	7	*	*	PUNCT
fbem-10381	95	8	*	*	PUNCT
fbem-10381	95	9	*	*	AUX
fbem-10381	95	10	fin	fin	NOUN
fbem-10381	95	11	24,178	24,178	NUM
fbem-10381	95	12	0.2260	0.2260	NUM
fbem-10381	95	13	19,333	19,333	NUM
fbem-10381	95	14	0.2370	0.2370	NUM
fbem-10381	95	15	-0.011	-0.011	NOUN
fbem-10381	95	16	*	*	PUNCT
fbem-10381	95	17	*	*	PUNCT
fbem-10381	95	18	*	*	PUNCT
fbem-10381	95	19	lev	lev	NOUN
fbem-10381	95	20	24,178	24,178	NUM
fbem-10381	95	21	0.4300	0.4300	NUM
fbem-10381	95	22	19,333	19,333	NUM
fbem-10381	95	23	0.4280	0.4280	NUM
fbem-10381	95	24	0.0020	0.0020	NUM
fbem-10381	95	25	cash	cash	NOUN
fbem-10381	95	26	24,178	24,178	NUM
fbem-10381	95	27	0.1760	0.1760	NUM
fbem-10381	95	28	19,333	19,333	NUM
fbem-10381	95	29	0.1900	0.1900	NUM
fbem-10381	95	30	-0.014	-0.014	NOUN
fbem-10381	95	31	*	*	PUNCT
fbem-10381	95	32	*	*	PUNCT
fbem-10381	95	33	*	*	PUNCT
fbem-10381	95	34	size	size	NOUN
fbem-10381	95	35	24,178	24,178	NUM
fbem-10381	95	36	22.0410	22.0410	NUM
fbem-10381	95	37	19,333	19,333	NUM
fbem-10381	95	38	21.9530	21.9530	NUM
fbem-10381	95	39	0.088	0.088	NUM
fbem-10381	96	1	*	*	PUNCT
fbem-10381	97	1	*	*	PUNCT
fbem-10381	97	2	*	*	PUNCT
fbem-10381	97	3	cap	cap	NOUN
fbem-10381	97	4	24,178	24,178	NUM
fbem-10381	97	5	0.2220	0.2220	NUM
fbem-10381	97	6	19,333	19,333	NUM
fbem-10381	97	7	0.2220	0.2220	NUM
fbem-10381	97	8	-0.0010	-0.0010	NOUN
fbem-10381	97	9	rev	rev	VERB
fbem-10381	97	10	24,178	24,178	NUM
fbem-10381	97	11	0.0310	0.0310	NUM
fbem-10381	97	12	19,333	19,333	NUM
fbem-10381	97	13	0.0180	0.0180	NUM
fbem-10381	97	14	0.012	0.012	NUM
fbem-10381	97	15	*	*	PUNCT
fbem-10381	97	16	*	*	PUNCT
fbem-10381	97	17	*	*	PUNCT
fbem-10381	97	18	age	age	NOUN
fbem-10381	97	19	24,178	24,178	NUM
fbem-10381	97	20	16.3280	16.3280	NUM
fbem-10381	97	21	19,333	19,333	NUM
fbem-10381	97	22	16.0750	16.0750	NUM
fbem-10381	97	23	0.253	0.253	NUM
fbem-10381	97	24	*	*	PUNCT
fbem-10381	97	25	*	*	PUNCT
fbem-10381	97	26	*	*	PUNCT
fbem-10381	97	27	holdersrate	holdersrate	VERB
fbem-10381	97	28	24,178	24,178	NUM
fbem-10381	97	29	0.5801	0.5801	NUM
fbem-10381	97	30	19,333	19,333	NUM
fbem-10381	97	31	0.5840	0.5840	NUM
fbem-10381	97	32	-0.399	-0.399	NOUN
fbem-10381	97	33	*	*	PUNCT
fbem-10381	97	34	*	*	PUNCT
fbem-10381	97	35	*	*	PUNCT
fbem-10381	97	36	note	note	NOUN
fbem-10381	97	37	:	:	PUNCT
fbem-10381	97	38	*	*	PUNCT
fbem-10381	97	39	,	,	PUNCT
fbem-10381	97	40	*	*	PUNCT
fbem-10381	98	1	*	*	PUNCT
fbem-10381	98	2	,	,	PUNCT
fbem-10381	98	3	and	and	CCONJ
fbem-10381	98	4	*	*	PUNCT
fbem-10381	98	5	*	*	PUNCT
fbem-10381	98	6	represent	represent	VERB
fbem-10381	98	7	significant	significant	ADJ
fbem-10381	98	8	levels	level	NOUN
fbem-10381	98	9	at	at	ADP
fbem-10381	98	10	10	10	NUM
fbem-10381	98	11	%	%	NOUN
fbem-10381	98	12	,	,	PUNCT
fbem-10381	98	13	5	5	NUM
fbem-10381	98	14	%	%	NOUN
fbem-10381	98	15	,	,	PUNCT
fbem-10381	98	16	and	and	CCONJ
fbem-10381	98	17	1	1	NUM
fbem-10381	98	18	%	%	NOUN
fbem-10381	98	19	,	,	PUNCT
fbem-10381	98	20	respectively	respectively	ADV
fbem-10381	98	21	.	.	PUNCT
fbem-10381	99	1	this	this	DET
fbem-10381	99	2	paragraph	paragraph	NOUN
fbem-10381	99	3	takes	take	VERB
fbem-10381	99	4	the	the	DET
fbem-10381	99	5	average	average	ADJ
fbem-10381	99	6	commercial	commercial	ADJ
fbem-10381	99	7	credit	credit	NOUN
fbem-10381	99	8	of	of	ADP
fbem-10381	99	9	enterprises	enterprise	NOUN
fbem-10381	99	10	in	in	ADP
fbem-10381	99	11	various	various	ADJ
fbem-10381	99	12	industries	industry	NOUN
fbem-10381	99	13	as	as	ADP
fbem-10381	99	14	the	the	DET
fbem-10381	99	15	dependent	dependent	ADJ
fbem-10381	99	16	variable	variable	NOUN
fbem-10381	99	17	for	for	ADP
fbem-10381	99	18	regression	regression	NOUN
fbem-10381	99	19	,	,	PUNCT
fbem-10381	99	20	and	and	CCONJ
fbem-10381	99	21	the	the	DET
fbem-10381	99	22	regression	regression	NOUN
fbem-10381	99	23	results	result	NOUN
fbem-10381	99	24	are	be	AUX
fbem-10381	99	25	shown	show	VERB
fbem-10381	99	26	in	in	ADP
fbem-10381	99	27	table	table	NOUN
fbem-10381	99	28	4	4	NUM
fbem-10381	99	29	.	.	PUNCT
fbem-10381	100	1	after	after	ADP
fbem-10381	100	2	testing	testing	NOUN
fbem-10381	100	3	,	,	PUNCT
fbem-10381	100	4	the	the	DET
fbem-10381	100	5	variance	variance	NOUN
fbem-10381	100	6	expansion	expansion	NOUN
fbem-10381	100	7	coefficient	coefficient	NOUN
fbem-10381	100	8	is	be	AUX
fbem-10381	100	9	far	far	ADV
fbem-10381	100	10	less	less	ADJ
fbem-10381	100	11	than	than	ADP
fbem-10381	100	12	10	10	NUM
fbem-10381	100	13	,	,	PUNCT
fbem-10381	100	14	indicating	indicate	VERB
fbem-10381	100	15	that	that	SCONJ
fbem-10381	100	16	there	there	PRON
fbem-10381	100	17	is	be	VERB
fbem-10381	100	18	no	no	DET
fbem-10381	100	19	serious	serious	ADJ
fbem-10381	100	20	multicollinearity	multicollinearity	NOUN
fbem-10381	100	21	problem	problem	NOUN
fbem-10381	100	22	.	.	PUNCT
fbem-10381	101	1	after	after	ADP
fbem-10381	101	2	adding	add	VERB
fbem-10381	101	3	control	control	NOUN
fbem-10381	101	4	variables	variable	NOUN
fbem-10381	101	5	,	,	PUNCT
fbem-10381	101	6	the	the	DET
fbem-10381	101	7	goodness	goodness	NOUN
fbem-10381	101	8	of	of	ADP
fbem-10381	101	9	fit	fit	NOUN
fbem-10381	101	10	of	of	ADP
fbem-10381	101	11	the	the	DET
fbem-10381	101	12	model	model	NOUN
fbem-10381	101	13	is	be	AUX
fbem-10381	101	14	above	above	ADP
fbem-10381	101	15	0.8	0.8	NUM
fbem-10381	101	16	,	,	PUNCT
fbem-10381	101	17	indicating	indicate	VERB
fbem-10381	101	18	good	good	ADJ
fbem-10381	101	19	fit	fit	NOUN
fbem-10381	101	20	of	of	ADP
fbem-10381	101	21	the	the	DET
fbem-10381	101	22	model	model	NOUN
fbem-10381	101	23	.	.	PUNCT
fbem-10381	102	1	from	from	ADP
fbem-10381	102	2	table	table	NOUN
fbem-10381	102	3	5	5	NUM
fbem-10381	102	4	,	,	PUNCT
fbem-10381	102	5	it	it	PRON
fbem-10381	102	6	can	can	AUX
fbem-10381	102	7	be	be	AUX
fbem-10381	102	8	seen	see	VERB
fbem-10381	102	9	that	that	SCONJ
fbem-10381	102	10	the	the	DET
fbem-10381	102	11	coefficients	coefficient	NOUN
fbem-10381	102	12	of	of	ADP
fbem-10381	102	13	monetary	monetary	ADJ
fbem-10381	102	14	policy	policy	NOUN
fbem-10381	102	15	are	be	AUX
fbem-10381	102	16	mostly	mostly	ADV
fbem-10381	102	17	significantly	significantly	ADV
fbem-10381	102	18	negative	negative	ADJ
fbem-10381	102	19	at	at	ADP
fbem-10381	102	20	the	the	DET
fbem-10381	102	21	1	1	NUM
fbem-10381	102	22	%	%	NOUN
fbem-10381	102	23	level	level	NOUN
fbem-10381	102	24	,	,	PUNCT
fbem-10381	102	25	indicating	indicate	VERB
fbem-10381	102	26	a	a	DET
fbem-10381	102	27	negative	negative	ADJ
fbem-10381	102	28	correlation	correlation	NOUN
fbem-10381	102	29	between	between	ADP
fbem-10381	102	30	corporate	corporate	ADJ
fbem-10381	102	31	commercial	commercial	ADJ
fbem-10381	102	32	credit	credit	NOUN
fbem-10381	102	33	and	and	CCONJ
fbem-10381	102	34	the	the	DET
fbem-10381	102	35	tightness	tightness	NOUN
fbem-10381	102	36	of	of	ADP
fbem-10381	102	37	monetary	monetary	ADJ
fbem-10381	102	38	policy	policy	NOUN
fbem-10381	102	39	,	,	PUNCT
fbem-10381	102	40	confirming	confirm	VERB
fbem-10381	102	41	hypothesis	hypothesis	NOUN
fbem-10381	102	42	1	1	NUM
fbem-10381	102	43	.	.	PUNCT
fbem-10381	103	1	in	in	ADP
fbem-10381	103	2	terms	term	NOUN
fbem-10381	103	3	of	of	ADP
fbem-10381	103	4	control	control	NOUN
fbem-10381	103	5	variables	variable	NOUN
fbem-10381	103	6	,	,	PUNCT
fbem-10381	103	7	the	the	DET
fbem-10381	103	8	economic	economic	ADJ
fbem-10381	103	9	growth	growth	NOUN
fbem-10381	103	10	variable	variable	NOUN
fbem-10381	103	11	is	be	AUX
fbem-10381	103	12	significantly	significantly	ADV
fbem-10381	103	13	negative	negative	ADJ
fbem-10381	103	14	at	at	ADP
fbem-10381	103	15	the	the	DET
fbem-10381	103	16	1	1	NUM
fbem-10381	103	17	%	%	NOUN
fbem-10381	103	18	level	level	NOUN
fbem-10381	103	19	,	,	PUNCT
fbem-10381	103	20	the	the	DET
fbem-10381	103	21	inflation	inflation	NOUN
fbem-10381	103	22	variable	variable	NOUN
fbem-10381	103	23	has	have	VERB
fbem-10381	103	24	a	a	DET
fbem-10381	103	25	significant	significant	ADJ
fbem-10381	103	26	negative	negative	ADJ
fbem-10381	103	27	coefficient	coefficient	NOUN
fbem-10381	103	28	in	in	ADP
fbem-10381	103	29	some	some	DET
fbem-10381	103	30	models	model	NOUN
fbem-10381	103	31	,	,	PUNCT
fbem-10381	103	32	and	and	CCONJ
fbem-10381	103	33	the	the	DET
fbem-10381	103	34	liquidity	liquidity	NOUN
fbem-10381	103	35	variable	variable	NOUN
fbem-10381	103	36	has	have	VERB
fbem-10381	103	37	a	a	DET
fbem-10381	103	38	significant	significant	ADJ
fbem-10381	103	39	positive	positive	ADJ
fbem-10381	103	40	coefficient	coefficient	NOUN
fbem-10381	103	41	in	in	ADP
fbem-10381	103	42	some	some	DET
fbem-10381	103	43	models	model	NOUN
fbem-10381	103	44	.	.	PUNCT
fbem-10381	104	1	this	this	PRON
fbem-10381	104	2	indicates	indicate	VERB
fbem-10381	104	3	that	that	SCONJ
fbem-10381	104	4	economic	economic	ADJ
fbem-10381	104	5	growth	growth	NOUN
fbem-10381	104	6	and	and	CCONJ
fbem-10381	104	7	inflation	inflation	NOUN
fbem-10381	104	8	will	will	AUX
fbem-10381	104	9	reduce	reduce	VERB
fbem-10381	104	10	the	the	DET
fbem-10381	104	11	commercial	commercial	ADJ
fbem-10381	104	12	credit	credit	NOUN
fbem-10381	104	13	of	of	ADP
fbem-10381	104	14	enterprises	enterprise	NOUN
fbem-10381	104	15	,	,	PUNCT
fbem-10381	104	16	and	and	CCONJ
fbem-10381	104	17	the	the	DET
fbem-10381	104	18	financing	financing	NOUN
fbem-10381	104	19	role	role	NOUN
fbem-10381	104	20	of	of	ADP
fbem-10381	104	21	enterprise	enterprise	NOUN
fbem-10381	104	22	commercial	commercial	ADJ
fbem-10381	104	23	credit	credit	NOUN
fbem-10381	104	24	is	be	AUX
fbem-10381	104	25	more	more	ADV
fbem-10381	104	26	reflected	reflect	VERB
fbem-10381	104	27	in	in	ADP
fbem-10381	104	28	the	the	DET
fbem-10381	104	29	deteriorating	deteriorate	VERB
fbem-10381	104	30	economic	economic	ADJ
fbem-10381	104	31	situation	situation	NOUN
fbem-10381	104	32	,	,	PUNCT
fbem-10381	104	33	reflecting	reflect	VERB
fbem-10381	104	34	the	the	DET
fbem-10381	104	35	role	role	NOUN
fbem-10381	104	36	of	of	ADP
fbem-10381	104	37	a	a	DET
fbem-10381	104	38	"	"	PUNCT
fbem-10381	104	39	stabilizer	stabilizer	NOUN
fbem-10381	104	40	"	"	PUNCT
fbem-10381	104	41	.	.	PUNCT
fbem-10381	105	1	254	254	NUM
fbem-10381	105	2	table	table	NOUN
fbem-10381	105	3	4	4	NUM
fbem-10381	105	4	.	.	PUNCT
fbem-10381	105	5	industry	industry	NOUN
fbem-10381	105	6	regression	regression	NOUN
fbem-10381	105	7	results	result	NOUN
fbem-10381	105	8	for	for	ADP
fbem-10381	105	9	hypothesis	hypothesis	NOUN
fbem-10381	105	10	1	1	NUM
fbem-10381	105	11	testing	testing	NOUN
fbem-10381	105	12	(	(	PUNCT
fbem-10381	105	13	1	1	NUM
fbem-10381	105	14	)	)	PUNCT
fbem-10381	105	15	(	(	PUNCT
fbem-10381	105	16	2	2	NUM
fbem-10381	105	17	)	)	PUNCT
fbem-10381	105	18	(	(	PUNCT
fbem-10381	105	19	3	3	X
fbem-10381	105	20	)	)	PUNCT
fbem-10381	105	21	(	(	PUNCT
fbem-10381	105	22	4	4	X
fbem-10381	105	23	)	)	PUNCT
fbem-10381	105	24	m2	m2	PROPN
fbem-10381	105	25	-0.0016	-0.0016	PROPN
fbem-10381	105	26	*	*	PUNCT
fbem-10381	106	1	*	*	PUNCT
fbem-10381	106	2	*	*	PUNCT
fbem-10381	106	3	(	(	PUNCT
fbem-10381	106	4	0.0003	0.0003	NUM
fbem-10381	106	5	)	)	PUNCT
fbem-10381	106	6	m1	m1	NOUN
fbem-10381	106	7	-0.0004	-0.0004	NOUN
fbem-10381	106	8	*	*	PUNCT
fbem-10381	106	9	*	*	PUNCT
fbem-10381	106	10	(	(	PUNCT
fbem-10381	106	11	0.0002	0.0002	NUM
fbem-10381	106	12	)	)	PUNCT
fbem-10381	106	13	m0	m0	NOUN
fbem-10381	106	14	-0.0020	-0.0020	NOUN
fbem-10381	106	15	*	*	PUNCT
fbem-10381	106	16	*	*	PUNCT
fbem-10381	106	17	*	*	PUNCT
fbem-10381	106	18	(	(	PUNCT
fbem-10381	106	19	0.0003	0.0003	NUM
fbem-10381	106	20	)	)	PUNCT
fbem-10381	106	21	cr	cr	NOUN
fbem-10381	106	22	-0.1287	-0.1287	NOUN
fbem-10381	106	23	*	*	PUNCT
fbem-10381	107	1	*	*	PUNCT
fbem-10381	107	2	*	*	PUNCT
fbem-10381	107	3	(	(	PUNCT
fbem-10381	107	4	0.0293	0.0293	NUM
fbem-10381	107	5	)	)	PUNCT
fbem-10381	107	6	gdp	gdp	NOUN
fbem-10381	107	7	-0.0014	-0.0014	NOUN
fbem-10381	107	8	*	*	PROPN
fbem-10381	107	9	*	*	PUNCT
fbem-10381	107	10	*	*	PUNCT
fbem-10381	107	11	-0.0013	-0.0013	PUNCT
fbem-10381	107	12	*	*	PUNCT
fbem-10381	107	13	*	*	PUNCT
fbem-10381	107	14	*	*	PUNCT
fbem-10381	107	15	-0.0015	-0.0015	X
fbem-10381	107	16	*	*	PUNCT
fbem-10381	107	17	*	*	PUNCT
fbem-10381	107	18	*	*	NOUN
fbem-10381	107	19	-0.0016	-0.0016	PROPN
fbem-10381	107	20	*	*	PUNCT
fbem-10381	107	21	*	*	PUNCT
fbem-10381	107	22	*	*	PUNCT
fbem-10381	107	23	(	(	PUNCT
fbem-10381	107	24	0.0003	0.0003	NUM
fbem-10381	107	25	)	)	PUNCT
fbem-10381	107	26	(	(	PUNCT
fbem-10381	107	27	0.0003	0.0003	NUM
fbem-10381	107	28	)	)	PUNCT
fbem-10381	107	29	(	(	PUNCT
fbem-10381	107	30	0.0003	0.0003	NUM
fbem-10381	107	31	)	)	PUNCT
fbem-10381	107	32	(	(	PUNCT
fbem-10381	107	33	0.0003	0.0003	NUM
fbem-10381	107	34	)	)	PUNCT
fbem-10381	107	35	cpi	cpi	NOUN
fbem-10381	107	36	-0.0019	-0.0019	NOUN
fbem-10381	107	37	*	*	PUNCT
fbem-10381	107	38	*	*	PUNCT
fbem-10381	107	39	*	*	PUNCT
fbem-10381	107	40	-0.0009	-0.0009	PROPN
fbem-10381	108	1	0.0002	0.0002	NUM
fbem-10381	108	2	-0.0023	-0.0023	NOUN
fbem-10381	108	3	*	*	PUNCT
fbem-10381	108	4	*	*	PUNCT
fbem-10381	108	5	*	*	PUNCT
fbem-10381	108	6	(	(	PUNCT
fbem-10381	108	7	0.0006	0.0006	NUM
fbem-10381	108	8	)	)	PUNCT
fbem-10381	108	9	(	(	PUNCT
fbem-10381	108	10	0.0006	0.0006	NUM
fbem-10381	108	11	)	)	PUNCT
fbem-10381	108	12	(	(	PUNCT
fbem-10381	108	13	0.0005	0.0005	NUM
fbem-10381	108	14	)	)	PUNCT
fbem-10381	108	15	(	(	PUNCT
fbem-10381	108	16	0.0007	0.0007	NUM
fbem-10381	108	17	)	)	PUNCT
fbem-10381	108	18	liq	liq	NOUN
fbem-10381	108	19	0.0005	0.0005	NUM
fbem-10381	108	20	0.0138	0.0138	NUM
fbem-10381	108	21	*	*	PUNCT
fbem-10381	108	22	*	*	PUNCT
fbem-10381	108	23	*	*	X
fbem-10381	108	24	0.0026	0.0026	NUM
fbem-10381	108	25	0.0054	0.0054	NUM
fbem-10381	108	26	(	(	PUNCT
fbem-10381	108	27	0.0048	0.0048	NUM
fbem-10381	108	28	)	)	PUNCT
fbem-10381	108	29	(	(	PUNCT
fbem-10381	108	30	0.0049	0.0049	NUM
fbem-10381	108	31	)	)	PUNCT
fbem-10381	108	32	(	(	PUNCT
fbem-10381	108	33	0.0047	0.0047	NUM
fbem-10381	108	34	)	)	PUNCT
fbem-10381	108	35	(	(	PUNCT
fbem-10381	108	36	0.0051	0.0051	NUM
fbem-10381	108	37	)	)	PUNCT
fbem-10381	108	38	_	_	PUNCT
fbem-10381	108	39	cons	con	NOUN
fbem-10381	108	40	0.3165	0.3165	NUM
fbem-10381	108	41	*	*	PUNCT
fbem-10381	108	42	*	*	PUNCT
fbem-10381	108	43	*	*	PUNCT
fbem-10381	108	44	0.1554	0.1554	NUM
fbem-10381	108	45	*	*	PUNCT
fbem-10381	108	46	*	*	PUNCT
fbem-10381	108	47	0.0930	0.0930	NUM
fbem-10381	108	48	0.3428	0.3428	NUM
fbem-10381	108	49	*	*	PUNCT
fbem-10381	108	50	*	*	PUNCT
fbem-10381	108	51	*	*	PUNCT
fbem-10381	108	52	(	(	PUNCT
fbem-10381	108	53	0.0705	0.0705	NUM
fbem-10381	108	54	)	)	PUNCT
fbem-10381	108	55	(	(	PUNCT
fbem-10381	108	56	0.0744	0.0744	NUM
fbem-10381	108	57	)	)	PUNCT
fbem-10381	108	58	(	(	PUNCT
fbem-10381	108	59	0.0569	0.0569	NUM
fbem-10381	108	60	)	)	PUNCT
fbem-10381	108	61	(	(	PUNCT
fbem-10381	108	62	0.0891	0.0891	NUM
fbem-10381	108	63	)	)	PUNCT
fbem-10381	108	64	n	n	PRON
fbem-10381	108	65	897	897	NUM
fbem-10381	108	66	897	897	NUM
fbem-10381	108	67	897	897	NUM
fbem-10381	108	68	897	897	NUM
fbem-10381	108	69	r2	r2	PROPN
fbem-10381	108	70	0.8752	0.8752	NUM
fbem-10381	108	71	0.8701	0.8701	NUM
fbem-10381	108	72	0.8745	0.8745	NUM
fbem-10381	108	73	0.8721	0.8721	NUM
fbem-10381	108	74	ind	ind	NOUN
fbem-10381	108	75	control	control	PROPN
fbem-10381	108	76	control	control	PROPN
fbem-10381	108	77	control	control	PROPN
fbem-10381	108	78	control	control	PROPN
fbem-10381	108	79	note	note	NOUN
fbem-10381	108	80	:	:	PUNCT
fbem-10381	108	81	*	*	PUNCT
fbem-10381	108	82	,	,	PUNCT
fbem-10381	108	83	*	*	PUNCT
fbem-10381	109	1	*	*	PUNCT
fbem-10381	109	2	,	,	PUNCT
fbem-10381	109	3	and	and	CCONJ
fbem-10381	109	4	*	*	PUNCT
fbem-10381	109	5	*	*	PUNCT
fbem-10381	109	6	represent	represent	VERB
fbem-10381	109	7	significant	significant	ADJ
fbem-10381	109	8	levels	level	NOUN
fbem-10381	109	9	at	at	ADP
fbem-10381	109	10	10	10	NUM
fbem-10381	109	11	%	%	NOUN
fbem-10381	109	12	,	,	PUNCT
fbem-10381	109	13	5	5	NUM
fbem-10381	109	14	%	%	NOUN
fbem-10381	109	15	,	,	PUNCT
fbem-10381	109	16	and	and	CCONJ
fbem-10381	109	17	1	1	NUM
fbem-10381	109	18	%	%	NOUN
fbem-10381	109	19	,	,	PUNCT
fbem-10381	109	20	respectively	respectively	ADV
fbem-10381	109	21	.	.	PUNCT
fbem-10381	110	1	4.2.2	4.2.2	X
fbem-10381	110	2	.	.	PUNCT
fbem-10381	110	3	h2	h2	NOUN
fbem-10381	110	4	test	test	NOUN
fbem-10381	110	5	results	result	VERB
fbem-10381	110	6	functional	functional	ADJ
fbem-10381	110	7	alienation	alienation	NOUN
fbem-10381	110	8	of	of	ADP
fbem-10381	110	9	enterprises	enterprise	NOUN
fbem-10381	110	10	'	'	PART
fbem-10381	110	11	tendency	tendency	NOUN
fbem-10381	110	12	to	to	PART
fbem-10381	110	13	shift	shift	VERB
fbem-10381	110	14	from	from	ADP
fbem-10381	110	15	reality	reality	NOUN
fbem-10381	110	16	to	to	ADP
fbem-10381	110	17	emptiness	emptiness	NOUN
fbem-10381	110	18	in	in	ADP
fbem-10381	110	19	this	this	DET
fbem-10381	110	20	paragraph	paragraph	NOUN
fbem-10381	110	21	,	,	PUNCT
fbem-10381	110	22	the	the	DET
fbem-10381	110	23	commercial	commercial	ADJ
fbem-10381	110	24	credit	credit	NOUN
fbem-10381	110	25	of	of	ADP
fbem-10381	110	26	enterprises	enterprise	NOUN
fbem-10381	110	27	in	in	ADP
fbem-10381	110	28	various	various	ADJ
fbem-10381	110	29	industries	industry	NOUN
fbem-10381	110	30	and	and	CCONJ
fbem-10381	110	31	their	their	PRON
fbem-10381	110	32	tendency	tendency	NOUN
fbem-10381	110	33	to	to	PART
fbem-10381	110	34	shift	shift	VERB
fbem-10381	110	35	from	from	ADP
fbem-10381	110	36	real	real	ADJ
fbem-10381	110	37	to	to	ADP
fbem-10381	110	38	virtual	virtual	ADJ
fbem-10381	110	39	are	be	AUX
fbem-10381	110	40	averaged	average	VERB
fbem-10381	110	41	and	and	CCONJ
fbem-10381	110	42	regressed	regress	VERB
fbem-10381	110	43	,	,	PUNCT
fbem-10381	110	44	as	as	SCONJ
fbem-10381	110	45	shown	show	VERB
fbem-10381	110	46	in	in	ADP
fbem-10381	110	47	table	table	NOUN
fbem-10381	110	48	5	5	NUM
fbem-10381	110	49	.	.	PUNCT
fbem-10381	110	50	from	from	ADP
fbem-10381	110	51	columns	column	NOUN
fbem-10381	110	52	1	1	NUM
fbem-10381	110	53	and	and	CCONJ
fbem-10381	110	54	3	3	NUM
fbem-10381	110	55	,	,	PUNCT
fbem-10381	110	56	it	it	PRON
fbem-10381	110	57	can	can	AUX
fbem-10381	110	58	be	be	AUX
fbem-10381	110	59	seen	see	VERB
fbem-10381	110	60	that	that	SCONJ
fbem-10381	110	61	the	the	DET
fbem-10381	110	62	tendency	tendency	NOUN
fbem-10381	110	63	of	of	ADP
fbem-10381	110	64	enterprises	enterprise	NOUN
fbem-10381	110	65	to	to	PART
fbem-10381	110	66	shift	shift	VERB
fbem-10381	110	67	from	from	ADP
fbem-10381	110	68	real	real	ADJ
fbem-10381	110	69	to	to	ADP
fbem-10381	110	70	virtual	virtual	ADJ
fbem-10381	110	71	has	have	VERB
fbem-10381	110	72	a	a	DET
fbem-10381	110	73	negative	negative	ADJ
fbem-10381	110	74	impact	impact	NOUN
fbem-10381	110	75	on	on	ADP
fbem-10381	110	76	their	their	PRON
fbem-10381	110	77	commercial	commercial	ADJ
fbem-10381	110	78	credit	credit	NOUN
fbem-10381	110	79	scale	scale	NOUN
fbem-10381	110	80	at	at	ADP
fbem-10381	110	81	a	a	DET
fbem-10381	110	82	5	5	NUM
fbem-10381	110	83	%	%	NOUN
fbem-10381	110	84	significance	significance	NOUN
fbem-10381	110	85	level	level	NOUN
fbem-10381	110	86	.	.	PUNCT
fbem-10381	111	1	from	from	ADP
fbem-10381	111	2	columns	column	NOUN
fbem-10381	111	3	2	2	NUM
fbem-10381	111	4	and	and	CCONJ
fbem-10381	111	5	4	4	NUM
fbem-10381	111	6	,	,	PUNCT
fbem-10381	111	7	it	it	PRON
fbem-10381	111	8	can	can	AUX
fbem-10381	111	9	be	be	AUX
fbem-10381	111	10	seen	see	VERB
fbem-10381	111	11	that	that	SCONJ
fbem-10381	111	12	the	the	DET
fbem-10381	111	13	product	product	NOUN
fbem-10381	111	14	of	of	ADP
fbem-10381	111	15	monetary	monetary	ADJ
fbem-10381	111	16	policy	policy	NOUN
fbem-10381	111	17	and	and	CCONJ
fbem-10381	111	18	the	the	DET
fbem-10381	111	19	tendency	tendency	NOUN
fbem-10381	111	20	of	of	ADP
fbem-10381	111	21	enterprises	enterprise	NOUN
fbem-10381	111	22	to	to	PART
fbem-10381	111	23	shift	shift	VERB
fbem-10381	111	24	from	from	ADP
fbem-10381	111	25	real	real	ADJ
fbem-10381	111	26	to	to	ADP
fbem-10381	111	27	virtual	virtual	ADJ
fbem-10381	111	28	(	(	PUNCT
fbem-10381	111	29	fin	fin	NOUN
fbem-10381	111	30	)	)	PUNCT
fbem-10381	111	31	has	have	VERB
fbem-10381	111	32	a	a	DET
fbem-10381	111	33	significant	significant	ADJ
fbem-10381	111	34	positive	positive	ADJ
fbem-10381	111	35	impact	impact	NOUN
fbem-10381	111	36	on	on	ADP
fbem-10381	111	37	commercial	commercial	ADJ
fbem-10381	111	38	credit	credit	NOUN
fbem-10381	111	39	,	,	PUNCT
fbem-10381	111	40	indicating	indicate	VERB
fbem-10381	111	41	that	that	SCONJ
fbem-10381	111	42	the	the	DET
fbem-10381	111	43	tendency	tendency	NOUN
fbem-10381	111	44	of	of	ADP
fbem-10381	111	45	enterprises	enterprise	NOUN
fbem-10381	111	46	to	to	PART
fbem-10381	111	47	shift	shift	VERB
fbem-10381	111	48	from	from	ADP
fbem-10381	111	49	real	real	ADJ
fbem-10381	111	50	to	to	ADP
fbem-10381	111	51	virtual	virtual	ADJ
fbem-10381	111	52	will	will	AUX
fbem-10381	111	53	weaken	weaken	VERB
fbem-10381	111	54	the	the	DET
fbem-10381	111	55	negative	negative	ADJ
fbem-10381	111	56	impact	impact	NOUN
fbem-10381	111	57	of	of	ADP
fbem-10381	111	58	monetary	monetary	ADJ
fbem-10381	111	59	policy	policy	NOUN
fbem-10381	111	60	on	on	ADP
fbem-10381	111	61	corporate	corporate	ADJ
fbem-10381	111	62	commercial	commercial	ADJ
fbem-10381	111	63	credit	credit	NOUN
fbem-10381	111	64	.	.	PUNCT
fbem-10381	112	1	hypothesis	hypothesis	NOUN
fbem-10381	112	2	2	2	NUM
fbem-10381	112	3	was	be	AUX
fbem-10381	112	4	validated	validate	VERB
fbem-10381	112	5	.	.	PUNCT
fbem-10381	113	1	table	table	NOUN
fbem-10381	113	2	5	5	NUM
fbem-10381	113	3	.	.	PUNCT
fbem-10381	114	1	regression	regression	NOUN
fbem-10381	114	2	results	result	NOUN
fbem-10381	114	3	for	for	ADP
fbem-10381	114	4	testing	testing	NOUN
fbem-10381	114	5	hypothesis	hypothesis	NOUN
fbem-10381	114	6	2	2	NUM
fbem-10381	114	7	(	(	PUNCT
fbem-10381	114	8	1	1	NUM
fbem-10381	114	9	)	)	PUNCT
fbem-10381	114	10	(	(	PUNCT
fbem-10381	114	11	2	2	NUM
fbem-10381	114	12	)	)	PUNCT
fbem-10381	114	13	(	(	PUNCT
fbem-10381	114	14	3	3	X
fbem-10381	114	15	)	)	PUNCT
fbem-10381	114	16	(	(	PUNCT
fbem-10381	114	17	4	4	X
fbem-10381	114	18	)	)	PUNCT
fbem-10381	114	19	fin	fin	NOUN
fbem-10381	114	20	-0.0292	-0.0292	NOUN
fbem-10381	114	21	*	*	NOUN
fbem-10381	114	22	*	*	NOUN
fbem-10381	114	23	-0.0822	-0.0822	NOUN
fbem-10381	114	24	*	*	PUNCT
fbem-10381	114	25	*	*	PUNCT
fbem-10381	115	1	-0.0309	-0.0309	NOUN
fbem-10381	115	2	*	*	PUNCT
fbem-10381	115	3	*	*	NOUN
fbem-10381	115	4	-0.1166	-0.1166	NOUN
fbem-10381	115	5	*	*	PUNCT
fbem-10381	115	6	*	*	PUNCT
fbem-10381	115	7	*	*	PUNCT
fbem-10381	115	8	(	(	PUNCT
fbem-10381	115	9	0.0129	0.0129	NUM
fbem-10381	115	10	)	)	PUNCT
fbem-10381	115	11	(	(	PUNCT
fbem-10381	115	12	0.0350	0.0350	NUM
fbem-10381	115	13	)	)	PUNCT
fbem-10381	115	14	(	(	PUNCT
fbem-10381	115	15	0.0129	0.0129	NUM
fbem-10381	115	16	)	)	PUNCT
fbem-10381	115	17	(	(	PUNCT
fbem-10381	115	18	0.0400	0.0400	NUM
fbem-10381	115	19	)	)	PUNCT
fbem-10381	115	20	m2	m2	PROPN
fbem-10381	115	21	-0.0014	-0.0014	PROPN
fbem-10381	115	22	*	*	PROPN
fbem-10381	115	23	*	*	PUNCT
fbem-10381	115	24	*	*	PUNCT
fbem-10381	115	25	-0.0022	-0.0022	NOUN
fbem-10381	115	26	*	*	PUNCT
fbem-10381	115	27	*	*	PUNCT
fbem-10381	115	28	*	*	PUNCT
fbem-10381	115	29	(	(	PUNCT
fbem-10381	115	30	0.0004	0.0004	NUM
fbem-10381	115	31	)	)	PUNCT
fbem-10381	115	32	(	(	PUNCT
fbem-10381	115	33	0.0006	0.0006	NUM
fbem-10381	115	34	)	)	PUNCT
fbem-10381	115	35	m2_fin	m2_fin	NOUN
fbem-10381	115	36	0.0036	0.0036	NUM
fbem-10381	115	37	(	(	PUNCT
fbem-10381	115	38	0.0022	0.0022	NUM
fbem-10381	115	39	)	)	PUNCT
fbem-10381	115	40	cr	cr	NOUN
fbem-10381	115	41	-0.1041	-0.1041	NOUN
fbem-10381	115	42	*	*	PUNCT
fbem-10381	116	1	*	*	PUNCT
fbem-10381	116	2	*	*	PUNCT
fbem-10381	116	3	-0.2221	-0.2221	NOUN
fbem-10381	116	4	*	*	PUNCT
fbem-10381	117	1	*	*	PUNCT
fbem-10381	117	2	*	*	PUNCT
fbem-10381	117	3	(	(	PUNCT
fbem-10381	117	4	0.0349	0.0349	NUM
fbem-10381	117	5	)	)	PUNCT
fbem-10381	117	6	(	(	PUNCT
fbem-10381	117	7	0.0626	0.0626	NUM
fbem-10381	117	8	)	)	PUNCT
fbem-10381	117	9	cr_fin	cr_fin	NOUN
fbem-10381	117	10	0.5089	0.5089	NUM
fbem-10381	117	11	*	*	PUNCT
fbem-10381	117	12	*	*	PUNCT
fbem-10381	117	13	(	(	PUNCT
fbem-10381	117	14	0.2246	0.2246	NUM
fbem-10381	117	15	)	)	PUNCT
fbem-10381	118	1	_	_	NOUN
fbem-10381	118	2	cons	con	NOUN
fbem-10381	118	3	0.2399	0.2399	X
fbem-10381	118	4	*	*	PUNCT
fbem-10381	118	5	*	*	PUNCT
fbem-10381	118	6	0.2844	0.2844	NUM
fbem-10381	118	7	*	*	PUNCT
fbem-10381	118	8	*	*	PUNCT
fbem-10381	118	9	0.2323	0.2323	NUM
fbem-10381	118	10	*	*	PUNCT
fbem-10381	118	11	0.2968	0.2968	NUM
fbem-10381	118	12	*	*	PUNCT
fbem-10381	118	13	*	*	PUNCT
fbem-10381	118	14	(	(	PUNCT
fbem-10381	118	15	0.1207	0.1207	NUM
fbem-10381	118	16	)	)	PUNCT
fbem-10381	118	17	(	(	PUNCT
fbem-10381	118	18	0.1234	0.1234	NUM
fbem-10381	118	19	)	)	PUNCT
fbem-10381	118	20	(	(	PUNCT
fbem-10381	118	21	0.1283	0.1283	NUM
fbem-10381	118	22	)	)	PUNCT
fbem-10381	118	23	(	(	PUNCT
fbem-10381	118	24	0.1307	0.1307	NUM
fbem-10381	118	25	)	)	PUNCT
fbem-10381	118	26	n	n	CCONJ
fbem-10381	118	27	383	383	NUM
fbem-10381	118	28	383	383	NUM
fbem-10381	118	29	383	383	NUM
fbem-10381	118	30	383	383	NUM
fbem-10381	118	31	r2	r2	NOUN
fbem-10381	118	32	0.9501	0.9501	NUM
fbem-10381	118	33	0.9505	0.9505	NUM
fbem-10381	118	34	0.9494	0.9494	NUM
fbem-10381	118	35	0.9501	0.9501	NUM
fbem-10381	118	36	ind	ind	NOUN
fbem-10381	119	1	yes	yes	INTJ
fbem-10381	120	1	yes	yes	INTJ
fbem-10381	121	1	yes	yes	INTJ
fbem-10381	121	2	yes	yes	INTJ
fbem-10381	121	3	controls	control	VERB
fbem-10381	122	1	yes	yes	INTJ
fbem-10381	123	1	yes	yes	INTJ
fbem-10381	124	1	yes	yes	INTJ
fbem-10381	124	2	yes	yes	INTJ
fbem-10381	124	3	note	note	VERB
fbem-10381	124	4	:	:	PUNCT
fbem-10381	124	5	*	*	PUNCT
fbem-10381	124	6	,	,	PUNCT
fbem-10381	124	7	*	*	PUNCT
fbem-10381	125	1	*	*	PUNCT
fbem-10381	125	2	,	,	PUNCT
fbem-10381	125	3	and	and	CCONJ
fbem-10381	125	4	*	*	PUNCT
fbem-10381	125	5	*	*	PUNCT
fbem-10381	125	6	represent	represent	VERB
fbem-10381	125	7	significant	significant	ADJ
fbem-10381	125	8	levels	level	NOUN
fbem-10381	125	9	at	at	ADP
fbem-10381	125	10	10	10	NUM
fbem-10381	125	11	%	%	NOUN
fbem-10381	125	12	,	,	PUNCT
fbem-10381	125	13	5	5	NUM
fbem-10381	125	14	%	%	NOUN
fbem-10381	125	15	,	,	PUNCT
fbem-10381	125	16	and	and	CCONJ
fbem-10381	125	17	1	1	NUM
fbem-10381	125	18	%	%	NOUN
fbem-10381	125	19	,	,	PUNCT
fbem-10381	125	20	respectively	respectively	ADV
fbem-10381	125	21	.	.	PUNCT
fbem-10381	126	1	4.2.3	4.2.3	X
fbem-10381	126	2	.	.	PUNCT
fbem-10381	127	1	h3	h3	PROPN
fbem-10381	127	2	test	test	NOUN
fbem-10381	127	3	results	result	VERB
fbem-10381	127	4	heterogeneous	heterogeneous	ADJ
fbem-10381	127	5	effects	effect	NOUN
fbem-10381	127	6	of	of	ADP
fbem-10381	127	7	equity	equity	NOUN
fbem-10381	127	8	nature	nature	NOUN
fbem-10381	127	9	this	this	DET
fbem-10381	127	10	paragraph	paragraph	NOUN
fbem-10381	127	11	divides	divide	VERB
fbem-10381	127	12	the	the	DET
fbem-10381	127	13	sample	sample	NOUN
fbem-10381	127	14	into	into	ADP
fbem-10381	127	15	private	private	ADJ
fbem-10381	127	16	enterprises	enterprise	NOUN
fbem-10381	127	17	(	(	PUNCT
fbem-10381	127	18	equity=0	equity=0	NOUN
fbem-10381	127	19	)	)	PUNCT
fbem-10381	127	20	and	and	CCONJ
fbem-10381	127	21	state	state	NOUN
fbem-10381	127	22	-	-	PUNCT
fbem-10381	127	23	owned	own	VERB
fbem-10381	127	24	enterprises	enterprise	NOUN
fbem-10381	127	25	(	(	PUNCT
fbem-10381	127	26	equity=1	equity=1	NOUN
fbem-10381	127	27	)	)	PUNCT
fbem-10381	127	28	based	base	VERB
fbem-10381	127	29	on	on	ADP
fbem-10381	127	30	the	the	DET
fbem-10381	127	31	nature	nature	NOUN
fbem-10381	127	32	of	of	ADP
fbem-10381	127	33	equity	equity	NOUN
fbem-10381	127	34	,	,	PUNCT
fbem-10381	127	35	and	and	CCONJ
fbem-10381	127	36	then	then	ADV
fbem-10381	127	37	takes	take	VERB
fbem-10381	127	38	the	the	DET
fbem-10381	127	39	average	average	ADJ
fbem-10381	127	40	value	value	NOUN
fbem-10381	127	41	by	by	ADP
fbem-10381	127	42	industry	industry	NOUN
fbem-10381	127	43	for	for	ADP
fbem-10381	127	44	re	re	NOUN
fbem-10381	127	45	regression	regression	NOUN
fbem-10381	127	46	,	,	PUNCT
fbem-10381	127	47	aiming	aim	VERB
fbem-10381	127	48	to	to	PART
fbem-10381	127	49	verify	verify	VERB
fbem-10381	127	50	the	the	DET
fbem-10381	127	51	impact	impact	NOUN
fbem-10381	127	52	of	of	ADP
fbem-10381	127	53	equity	equity	NOUN
fbem-10381	127	54	nature	nature	NOUN
fbem-10381	127	55	on	on	ADP
fbem-10381	127	56	the	the	DET
fbem-10381	127	57	relationship	relationship	NOUN
fbem-10381	127	58	between	between	ADP
fbem-10381	127	59	monetary	monetary	ADJ
fbem-10381	127	60	policy	policy	NOUN
fbem-10381	127	61	and	and	CCONJ
fbem-10381	127	62	corporate	corporate	ADJ
fbem-10381	127	63	commercial	commercial	ADJ
fbem-10381	127	64	credit	credit	NOUN
fbem-10381	127	65	.	.	PUNCT
fbem-10381	128	1	the	the	DET
fbem-10381	128	2	empirical	empirical	ADJ
fbem-10381	128	3	results	result	NOUN
fbem-10381	128	4	are	be	AUX
fbem-10381	128	5	shown	show	VERB
fbem-10381	128	6	in	in	ADP
fbem-10381	128	7	table	table	NOUN
fbem-10381	128	8	6	6	NUM
fbem-10381	128	9	,	,	PUNCT
fbem-10381	128	10	indicating	indicate	VERB
fbem-10381	128	11	that	that	SCONJ
fbem-10381	128	12	the	the	DET
fbem-10381	128	13	coefficient	coefficient	NOUN
fbem-10381	128	14	of	of	ADP
fbem-10381	128	15	monetary	monetary	ADJ
fbem-10381	128	16	policy	policy	NOUN
fbem-10381	128	17	variables	variable	NOUN
fbem-10381	128	18	and	and	CCONJ
fbem-10381	128	19	the	the	DET
fbem-10381	128	20	goodness	goodness	NOUN
fbem-10381	128	21	of	of	ADP
fbem-10381	128	22	fit	fit	NOUN
fbem-10381	128	23	of	of	ADP
fbem-10381	128	24	the	the	DET
fbem-10381	128	25	model	model	NOUN
fbem-10381	128	26	for	for	ADP
fbem-10381	128	27	stateowned	stateowne	VERB
fbem-10381	128	28	enterprises	enterprise	NOUN
fbem-10381	128	29	are	be	AUX
fbem-10381	128	30	higher	high	ADJ
fbem-10381	128	31	than	than	ADP
fbem-10381	128	32	those	those	PRON
fbem-10381	128	33	for	for	ADP
fbem-10381	128	34	private	private	ADJ
fbem-10381	128	35	enterprises	enterprise	NOUN
fbem-10381	128	36	.	.	PUNCT
fbem-10381	129	1	this	this	PRON
fbem-10381	129	2	validates	validate	VERB
fbem-10381	129	3	the	the	DET
fbem-10381	129	4	hypothesis	hypothesis	NOUN
fbem-10381	129	5	h3	h3	NOUN
fbem-10381	129	6	in	in	ADP
fbem-10381	129	7	this	this	DET
fbem-10381	129	8	article	article	NOUN
fbem-10381	129	9	,	,	PUNCT
fbem-10381	129	10	which	which	PRON
fbem-10381	129	11	states	state	VERB
fbem-10381	129	12	that	that	SCONJ
fbem-10381	129	13	the	the	DET
fbem-10381	129	14	weakening	weakening	NOUN
fbem-10381	129	15	of	of	ADP
fbem-10381	129	16	commercial	commercial	ADJ
fbem-10381	129	17	credit	credit	NOUN
fbem-10381	129	18	by	by	ADP
fbem-10381	129	19	state	state	NOUN
fbem-10381	129	20	-	-	PUNCT
fbem-10381	129	21	owned	own	VERB
fbem-10381	129	22	enterprises	enterprise	NOUN
fbem-10381	129	23	has	have	VERB
fbem-10381	129	24	a	a	DET
fbem-10381	129	25	stronger	strong	ADJ
fbem-10381	129	26	effect	effect	NOUN
fbem-10381	129	27	on	on	ADP
fbem-10381	129	28	the	the	DET
fbem-10381	129	29	impact	impact	NOUN
fbem-10381	129	30	of	of	ADP
fbem-10381	129	31	monetary	monetary	ADJ
fbem-10381	129	32	policy	policy	NOUN
fbem-10381	129	33	on	on	ADP
fbem-10381	129	34	enterprise	enterprise	NOUN
fbem-10381	129	35	operating	operating	NOUN
fbem-10381	129	36	conditions	condition	NOUN
fbem-10381	129	37	.	.	PUNCT
fbem-10381	130	1	the	the	DET
fbem-10381	130	2	bargaining	bargaining	NOUN
fbem-10381	130	3	power	power	NOUN
fbem-10381	130	4	of	of	ADP
fbem-10381	130	5	private	private	ADJ
fbem-10381	130	6	enterprises	enterprise	NOUN
fbem-10381	130	7	is	be	AUX
fbem-10381	130	8	weaker	weak	ADJ
fbem-10381	130	9	than	than	ADP
fbem-10381	130	10	that	that	PRON
fbem-10381	130	11	of	of	ADP
fbem-10381	130	12	stateowned	stateowne	VERB
fbem-10381	130	13	enterprises	enterprise	NOUN
fbem-10381	130	14	,	,	PUNCT
fbem-10381	130	15	so	so	SCONJ
fbem-10381	130	16	they	they	PRON
fbem-10381	130	17	need	need	VERB
fbem-10381	130	18	to	to	PART
fbem-10381	130	19	actively	actively	ADV
fbem-10381	130	20	improve	improve	VERB
fbem-10381	130	21	their	their	PRON
fbem-10381	130	22	own	own	ADJ
fbem-10381	130	23	competitiveness	competitiveness	NOUN
fbem-10381	130	24	,	,	PUNCT
fbem-10381	130	25	so	so	SCONJ
fbem-10381	130	26	as	as	SCONJ
fbem-10381	130	27	to	to	PART
fbem-10381	130	28	improve	improve	VERB
fbem-10381	130	29	their	their	PRON
fbem-10381	130	30	voice	voice	NOUN
fbem-10381	130	31	in	in	ADP
fbem-10381	130	32	the	the	DET
fbem-10381	130	33	inter	inter	ADJ
fbem-10381	130	34	enterprise	enterprise	NOUN
fbem-10381	130	35	credit	credit	NOUN
fbem-10381	130	36	market	market	NOUN
fbem-10381	130	37	and	and	CCONJ
fbem-10381	130	38	better	well	ADV
fbem-10381	130	39	play	play	VERB
fbem-10381	130	40	the	the	DET
fbem-10381	130	41	role	role	NOUN
fbem-10381	130	42	of	of	ADP
fbem-10381	130	43	"	"	PUNCT
fbem-10381	130	44	stabilizer	stabilizer	NOUN
fbem-10381	130	45	"	"	PUNCT
fbem-10381	130	46	.	.	PUNCT
fbem-10381	131	1	255	255	NUM
fbem-10381	131	2	table	table	NOUN
fbem-10381	131	3	6	6	NUM
fbem-10381	131	4	.	.	PUNCT
fbem-10381	132	1	regression	regression	NOUN
fbem-10381	132	2	results	result	NOUN
fbem-10381	132	3	for	for	ADP
fbem-10381	132	4	testing	testing	NOUN
fbem-10381	132	5	hypothesis	hypothesis	NOUN
fbem-10381	132	6	3	3	NUM
fbem-10381	132	7	(	(	PUNCT
fbem-10381	132	8	1	1	NUM
fbem-10381	132	9	)	)	PUNCT
fbem-10381	132	10	(	(	PUNCT
fbem-10381	132	11	2	2	NUM
fbem-10381	132	12	)	)	PUNCT
fbem-10381	132	13	(	(	PUNCT
fbem-10381	132	14	3	3	X
fbem-10381	132	15	)	)	PUNCT
fbem-10381	132	16	(	(	PUNCT
fbem-10381	132	17	4	4	X
fbem-10381	132	18	)	)	PUNCT
fbem-10381	132	19	equity=0	equity=0	PUNCT
fbem-10381	133	1	equity=1	equity=1	PRON
fbem-10381	133	2	equity=0	equity=0	PUNCT
fbem-10381	134	1	equity=1	equity=1	PROPN
fbem-10381	134	2	m2	m2	PROPN
fbem-10381	134	3	-0.0013	-0.0013	PROPN
fbem-10381	134	4	*	*	PUNCT
fbem-10381	135	1	*	*	PUNCT
fbem-10381	135	2	*	*	NOUN
fbem-10381	135	3	-0.0014	-0.0014	NOUN
fbem-10381	135	4	*	*	PUNCT
fbem-10381	135	5	*	*	PUNCT
fbem-10381	135	6	*	*	PUNCT
fbem-10381	135	7	(	(	PUNCT
fbem-10381	135	8	0.0003	0.0003	NUM
fbem-10381	135	9	)	)	PUNCT
fbem-10381	135	10	(	(	PUNCT
fbem-10381	135	11	0.0003	0.0003	NUM
fbem-10381	135	12	)	)	PUNCT
fbem-10381	135	13	cr	cr	PROPN
fbem-10381	135	14	-0.0689	-0.0689	PROPN
fbem-10381	135	15	*	*	PUNCT
fbem-10381	136	1	-0.1385	-0.1385	PROPN
fbem-10381	137	1	*	*	PUNCT
fbem-10381	138	1	*	*	PUNCT
fbem-10381	138	2	*	*	PUNCT
fbem-10381	138	3	(	(	PUNCT
fbem-10381	138	4	0.0378	0.0378	NUM
fbem-10381	138	5	)	)	PUNCT
fbem-10381	138	6	(	(	PUNCT
fbem-10381	138	7	0.0298	0.0298	NUM
fbem-10381	138	8	)	)	PUNCT
fbem-10381	139	1	_	_	PUNCT
fbem-10381	139	2	cons	con	NOUN
fbem-10381	139	3	0.4035	0.4035	NUM
fbem-10381	139	4	*	*	PUNCT
fbem-10381	139	5	*	*	PUNCT
fbem-10381	139	6	*	*	PUNCT
fbem-10381	139	7	0.2300	0.2300	NUM
fbem-10381	139	8	*	*	PUNCT
fbem-10381	139	9	*	*	PUNCT
fbem-10381	139	10	*	*	PUNCT
fbem-10381	139	11	0.3445	0.3445	NUM
fbem-10381	139	12	*	*	PUNCT
fbem-10381	139	13	*	*	PUNCT
fbem-10381	139	14	*	*	PUNCT
fbem-10381	139	15	0.3085	0.3085	NUM
fbem-10381	139	16	*	*	PUNCT
fbem-10381	139	17	*	*	PUNCT
fbem-10381	139	18	*	*	PUNCT
fbem-10381	139	19	(	(	PUNCT
fbem-10381	139	20	0.0913	0.0913	NUM
fbem-10381	139	21	)	)	PUNCT
fbem-10381	139	22	(	(	PUNCT
fbem-10381	139	23	0.0721	0.0721	NUM
fbem-10381	139	24	)	)	PUNCT
fbem-10381	139	25	(	(	PUNCT
fbem-10381	139	26	0.1148	0.1148	NUM
fbem-10381	139	27	)	)	PUNCT
fbem-10381	139	28	(	(	PUNCT
fbem-10381	139	29	0.0904	0.0904	NUM
fbem-10381	139	30	)	)	PUNCT
fbem-10381	139	31	n	n	CCONJ
fbem-10381	139	32	867	867	NUM
fbem-10381	139	33	823	823	NUM
fbem-10381	139	34	867	867	NUM
fbem-10381	139	35	823	823	NUM
fbem-10381	139	36	r2	r2	NOUN
fbem-10381	139	37	0.8432	0.8432	NUM
fbem-10381	139	38	0.8849	0.8849	NUM
fbem-10381	139	39	0.8408	0.8408	NUM
fbem-10381	139	40	0.8835	0.8835	NUM
fbem-10381	139	41	ind	ind	NOUN
fbem-10381	140	1	yes	yes	INTJ
fbem-10381	141	1	yes	yes	INTJ
fbem-10381	142	1	yes	yes	INTJ
fbem-10381	142	2	yes	yes	INTJ
fbem-10381	142	3	controls	control	VERB
fbem-10381	143	1	yes	yes	INTJ
fbem-10381	144	1	yes	yes	INTJ
fbem-10381	145	1	yes	yes	INTJ
fbem-10381	145	2	yes	yes	INTJ
fbem-10381	145	3	note	note	VERB
fbem-10381	145	4	:	:	PUNCT
fbem-10381	145	5	*	*	PUNCT
fbem-10381	145	6	,	,	PUNCT
fbem-10381	145	7	*	*	PUNCT
fbem-10381	146	1	*	*	PUNCT
fbem-10381	146	2	,	,	PUNCT
fbem-10381	146	3	and	and	CCONJ
fbem-10381	146	4	*	*	PUNCT
fbem-10381	146	5	*	*	PUNCT
fbem-10381	146	6	represent	represent	VERB
fbem-10381	146	7	significant	significant	ADJ
fbem-10381	146	8	levels	level	NOUN
fbem-10381	146	9	at	at	ADP
fbem-10381	146	10	10	10	NUM
fbem-10381	146	11	%	%	NOUN
fbem-10381	146	12	,	,	PUNCT
fbem-10381	146	13	5	5	NUM
fbem-10381	146	14	%	%	NOUN
fbem-10381	146	15	,	,	PUNCT
fbem-10381	146	16	and	and	CCONJ
fbem-10381	146	17	1	1	NUM
fbem-10381	146	18	%	%	NOUN
fbem-10381	146	19	,	,	PUNCT
fbem-10381	146	20	respectively	respectively	ADV
fbem-10381	146	21	.	.	PUNCT
fbem-10381	147	1	4.3	4.3	NUM
fbem-10381	147	2	.	.	PUNCT
fbem-10381	147	3	robustness	robustness	NOUN
fbem-10381	147	4	testing	testing	NOUN
fbem-10381	147	5	this	this	DET
fbem-10381	147	6	article	article	NOUN
fbem-10381	147	7	tests	test	VERB
fbem-10381	147	8	the	the	DET
fbem-10381	147	9	robustness	robustness	NOUN
fbem-10381	147	10	of	of	ADP
fbem-10381	147	11	research	research	NOUN
fbem-10381	147	12	conclusions	conclusion	NOUN
fbem-10381	147	13	through	through	ADP
fbem-10381	147	14	time	time	NOUN
fbem-10381	147	15	and	and	CCONJ
fbem-10381	147	16	enterprise	enterprise	NOUN
fbem-10381	147	17	subsample	subsample	ADJ
fbem-10381	147	18	regression	regression	NOUN
fbem-10381	147	19	.	.	PUNCT
fbem-10381	148	1	one	one	NUM
fbem-10381	148	2	is	be	AUX
fbem-10381	148	3	to	to	PART
fbem-10381	148	4	exclude	exclude	VERB
fbem-10381	148	5	sample	sample	NOUN
fbem-10381	148	6	data	datum	NOUN
fbem-10381	148	7	from	from	ADP
fbem-10381	148	8	2007	2007	NUM
fbem-10381	148	9	and	and	CCONJ
fbem-10381	148	10	2008	2008	NUM
fbem-10381	148	11	to	to	PART
fbem-10381	148	12	control	control	VERB
fbem-10381	148	13	for	for	ADP
fbem-10381	148	14	the	the	DET
fbem-10381	148	15	abnormal	abnormal	ADJ
fbem-10381	148	16	impact	impact	NOUN
fbem-10381	148	17	of	of	ADP
fbem-10381	148	18	the	the	DET
fbem-10381	148	19	financial	financial	ADJ
fbem-10381	148	20	crisis	crisis	NOUN
fbem-10381	148	21	on	on	ADP
fbem-10381	148	22	corporate	corporate	ADJ
fbem-10381	148	23	commercial	commercial	ADJ
fbem-10381	148	24	credit	credit	NOUN
fbem-10381	148	25	allocation	allocation	NOUN
fbem-10381	148	26	behavior	behavior	NOUN
fbem-10381	148	27	;	;	PUNCT
fbem-10381	148	28	the	the	DET
fbem-10381	148	29	second	second	NOUN
fbem-10381	148	30	is	be	AUX
fbem-10381	148	31	to	to	PART
fbem-10381	148	32	exclude	exclude	VERB
fbem-10381	148	33	the	the	DET
fbem-10381	148	34	sample	sample	NOUN
fbem-10381	148	35	data	datum	NOUN
fbem-10381	148	36	of	of	ADP
fbem-10381	148	37	independent	independent	ADJ
fbem-10381	148	38	enterprises	enterprise	NOUN
fbem-10381	148	39	and	and	CCONJ
fbem-10381	148	40	use	use	VERB
fbem-10381	148	41	the	the	DET
fbem-10381	148	42	method	method	NOUN
fbem-10381	148	43	of	of	ADP
fbem-10381	148	44	xin	xin	PROPN
fbem-10381	148	45	qingquan	qingquan	PROPN
fbem-10381	148	46	(	(	PUNCT
fbem-10381	148	47	2007	2007	NUM
fbem-10381	148	48	)	)	PUNCT
fbem-10381	148	49	and	and	CCONJ
fbem-10381	148	50	others	other	NOUN
fbem-10381	148	51	to	to	PART
fbem-10381	148	52	determine	determine	VERB
fbem-10381	148	53	whether	whether	SCONJ
fbem-10381	148	54	a	a	DET
fbem-10381	148	55	listed	list	VERB
fbem-10381	148	56	company	company	NOUN
fbem-10381	148	57	belongs	belong	VERB
fbem-10381	148	58	to	to	ADP
fbem-10381	148	59	an	an	DET
fbem-10381	148	60	enterprise	enterprise	NOUN
fbem-10381	148	61	group	group	NOUN
fbem-10381	148	62	,	,	PUNCT
fbem-10381	148	63	in	in	ADP
fbem-10381	148	64	order	order	NOUN
fbem-10381	148	65	to	to	PART
fbem-10381	148	66	examine	examine	VERB
fbem-10381	148	67	the	the	DET
fbem-10381	148	68	commercial	commercial	ADJ
fbem-10381	148	69	credit	credit	NOUN
fbem-10381	148	70	function	function	NOUN
fbem-10381	148	71	of	of	ADP
fbem-10381	148	72	listed	list	VERB
fbem-10381	148	73	companies	company	NOUN
fbem-10381	148	74	with	with	ADP
fbem-10381	148	75	a	a	DET
fbem-10381	148	76	mature	mature	ADJ
fbem-10381	148	77	enterprise	enterprise	NOUN
fbem-10381	148	78	group	group	NOUN
fbem-10381	148	79	background	background	NOUN
fbem-10381	148	80	in	in	ADP
fbem-10381	148	81	response	response	NOUN
fbem-10381	148	82	to	to	ADP
fbem-10381	148	83	monetary	monetary	ADJ
fbem-10381	148	84	policy	policy	NOUN
fbem-10381	148	85	.	.	PUNCT
fbem-10381	149	1	the	the	DET
fbem-10381	149	2	empirical	empirical	ADJ
fbem-10381	149	3	results	result	NOUN
fbem-10381	149	4	are	be	AUX
fbem-10381	149	5	consistent	consistent	ADJ
fbem-10381	149	6	with	with	ADP
fbem-10381	149	7	the	the	DET
fbem-10381	149	8	previous	previous	ADJ
fbem-10381	149	9	text	text	NOUN
fbem-10381	149	10	,	,	PUNCT
fbem-10381	149	11	indicating	indicate	VERB
fbem-10381	149	12	the	the	DET
fbem-10381	149	13	robustness	robustness	NOUN
fbem-10381	149	14	of	of	ADP
fbem-10381	149	15	the	the	DET
fbem-10381	149	16	research	research	NOUN
fbem-10381	149	17	conclusions	conclusion	NOUN
fbem-10381	149	18	in	in	ADP
fbem-10381	149	19	this	this	DET
fbem-10381	149	20	article	article	NOUN
fbem-10381	149	21	.	.	PUNCT
fbem-10381	150	1	5	5	NUM
fbem-10381	150	2	.	.	X
fbem-10381	150	3	conclusion	conclusion	NOUN
fbem-10381	150	4	and	and	CCONJ
fbem-10381	150	5	inspiration	inspiration	NOUN
fbem-10381	150	6	5.1	5.1	NUM
fbem-10381	150	7	.	.	PUNCT
fbem-10381	151	1	research	research	NOUN
fbem-10381	151	2	conclusion	conclusion	NOUN
fbem-10381	151	3	this	this	DET
fbem-10381	151	4	article	article	NOUN
fbem-10381	151	5	is	be	AUX
fbem-10381	151	6	based	base	VERB
fbem-10381	151	7	on	on	ADP
fbem-10381	151	8	the	the	DET
fbem-10381	151	9	data	datum	NOUN
fbem-10381	151	10	of	of	ADP
fbem-10381	151	11	listed	list	VERB
fbem-10381	151	12	companies	company	NOUN
fbem-10381	151	13	in	in	ADP
fbem-10381	151	14	shanghai	shanghai	PROPN
fbem-10381	151	15	and	and	CCONJ
fbem-10381	151	16	shenzhen	shenzhen	PROPN
fbem-10381	151	17	from	from	ADP
fbem-10381	151	18	2007	2007	NUM
fbem-10381	151	19	to	to	ADP
fbem-10381	151	20	2021	2021	NUM
fbem-10381	151	21	,	,	PUNCT
fbem-10381	151	22	and	and	CCONJ
fbem-10381	151	23	empirically	empirically	ADV
fbem-10381	151	24	studies	study	VERB
fbem-10381	151	25	the	the	DET
fbem-10381	151	26	"	"	PUNCT
fbem-10381	151	27	stabilizer	stabilizer	NOUN
fbem-10381	151	28	"	"	PUNCT
fbem-10381	151	29	function	function	NOUN
fbem-10381	151	30	of	of	ADP
fbem-10381	151	31	corporate	corporate	ADJ
fbem-10381	151	32	commercial	commercial	ADJ
fbem-10381	151	33	credit	credit	NOUN
fbem-10381	151	34	to	to	PART
fbem-10381	151	35	resist	resist	VERB
fbem-10381	151	36	the	the	DET
fbem-10381	151	37	impact	impact	NOUN
fbem-10381	151	38	of	of	ADP
fbem-10381	151	39	government	government	NOUN
fbem-10381	151	40	monetary	monetary	ADJ
fbem-10381	151	41	policy	policy	NOUN
fbem-10381	151	42	.	.	PUNCT
fbem-10381	152	1	it	it	PRON
fbem-10381	152	2	also	also	ADV
fbem-10381	152	3	examines	examine	VERB
fbem-10381	152	4	the	the	DET
fbem-10381	152	5	impact	impact	NOUN
fbem-10381	152	6	on	on	ADP
fbem-10381	152	7	the	the	DET
fbem-10381	152	8	"	"	PUNCT
fbem-10381	152	9	stabilizer	stabilizer	NOUN
fbem-10381	152	10	"	"	PUNCT
fbem-10381	152	11	function	function	NOUN
fbem-10381	152	12	of	of	ADP
fbem-10381	152	13	corporate	corporate	ADJ
fbem-10381	152	14	commercial	commercial	ADJ
fbem-10381	152	15	credit	credit	NOUN
fbem-10381	152	16	from	from	ADP
fbem-10381	152	17	two	two	NUM
fbem-10381	152	18	aspects	aspect	NOUN
fbem-10381	152	19	:	:	PUNCT
fbem-10381	152	20	the	the	DET
fbem-10381	152	21	tendency	tendency	NOUN
fbem-10381	152	22	of	of	ADP
fbem-10381	152	23	enterprises	enterprise	NOUN
fbem-10381	152	24	to	to	PART
fbem-10381	152	25	shift	shift	VERB
fbem-10381	152	26	from	from	ADP
fbem-10381	152	27	real	real	ADJ
fbem-10381	152	28	to	to	ADP
fbem-10381	152	29	virtual	virtual	ADJ
fbem-10381	152	30	and	and	CCONJ
fbem-10381	152	31	the	the	DET
fbem-10381	152	32	nature	nature	NOUN
fbem-10381	152	33	of	of	ADP
fbem-10381	152	34	property	property	NOUN
fbem-10381	152	35	rights	right	NOUN
fbem-10381	152	36	.	.	PUNCT
fbem-10381	153	1	the	the	DET
fbem-10381	153	2	following	follow	VERB
fbem-10381	153	3	conclusion	conclusion	NOUN
fbem-10381	153	4	is	be	AUX
fbem-10381	153	5	drawn	draw	VERB
fbem-10381	153	6	:	:	PUNCT
fbem-10381	153	7	(	(	PUNCT
fbem-10381	153	8	1	1	X
fbem-10381	153	9	)	)	PUNCT
fbem-10381	153	10	the	the	DET
fbem-10381	153	11	tightness	tightness	NOUN
fbem-10381	153	12	of	of	ADP
fbem-10381	153	13	monetary	monetary	ADJ
fbem-10381	153	14	policy	policy	NOUN
fbem-10381	153	15	is	be	AUX
fbem-10381	153	16	significantly	significantly	ADV
fbem-10381	153	17	negatively	negatively	ADV
fbem-10381	153	18	correlated	correlate	VERB
fbem-10381	153	19	with	with	ADP
fbem-10381	153	20	the	the	DET
fbem-10381	153	21	scale	scale	NOUN
fbem-10381	153	22	of	of	ADP
fbem-10381	153	23	commercial	commercial	ADJ
fbem-10381	153	24	credit	credit	NOUN
fbem-10381	153	25	of	of	ADP
fbem-10381	153	26	enterprises	enterprise	NOUN
fbem-10381	153	27	,	,	PUNCT
fbem-10381	153	28	meaning	mean	VERB
fbem-10381	153	29	that	that	SCONJ
fbem-10381	153	30	enterprises	enterprise	NOUN
fbem-10381	153	31	will	will	AUX
fbem-10381	153	32	smooth	smooth	VERB
fbem-10381	153	33	out	out	ADP
fbem-10381	153	34	the	the	DET
fbem-10381	153	35	volatility	volatility	NOUN
fbem-10381	153	36	of	of	ADP
fbem-10381	153	37	monetary	monetary	ADJ
fbem-10381	153	38	policy	policy	NOUN
fbem-10381	153	39	on	on	ADP
fbem-10381	153	40	themselves	themselves	PRON
fbem-10381	153	41	by	by	ADP
fbem-10381	153	42	adjusting	adjust	VERB
fbem-10381	153	43	the	the	DET
fbem-10381	153	44	scale	scale	NOUN
fbem-10381	153	45	of	of	ADP
fbem-10381	153	46	commercial	commercial	ADJ
fbem-10381	153	47	credit	credit	NOUN
fbem-10381	153	48	.	.	PUNCT
fbem-10381	154	1	when	when	SCONJ
fbem-10381	154	2	the	the	DET
fbem-10381	154	3	central	central	ADJ
fbem-10381	154	4	bank	bank	NOUN
fbem-10381	154	5	implements	implement	VERB
fbem-10381	154	6	a	a	DET
fbem-10381	154	7	relatively	relatively	ADV
fbem-10381	154	8	tight	tight	ADJ
fbem-10381	154	9	monetary	monetary	ADJ
fbem-10381	154	10	policy	policy	NOUN
fbem-10381	154	11	,	,	PUNCT
fbem-10381	154	12	external	external	ADJ
fbem-10381	154	13	financing	financing	NOUN
fbem-10381	154	14	channels	channel	NOUN
fbem-10381	154	15	are	be	AUX
fbem-10381	154	16	hindered	hinder	VERB
fbem-10381	154	17	,	,	PUNCT
fbem-10381	154	18	and	and	CCONJ
fbem-10381	154	19	enterprises	enterprise	NOUN
fbem-10381	154	20	will	will	AUX
fbem-10381	154	21	actively	actively	ADV
fbem-10381	154	22	expand	expand	VERB
fbem-10381	154	23	the	the	DET
fbem-10381	154	24	credit	credit	NOUN
fbem-10381	154	25	channels	channel	NOUN
fbem-10381	154	26	of	of	ADP
fbem-10381	154	27	commercial	commercial	ADJ
fbem-10381	154	28	credit	credit	NOUN
fbem-10381	154	29	for	for	ADP
fbem-10381	154	30	financing	financing	NOUN
fbem-10381	154	31	;	;	PUNCT
fbem-10381	154	32	when	when	SCONJ
fbem-10381	154	33	the	the	DET
fbem-10381	154	34	central	central	ADJ
fbem-10381	154	35	bank	bank	NOUN
fbem-10381	154	36	implements	implement	VERB
fbem-10381	154	37	a	a	DET
fbem-10381	154	38	relatively	relatively	ADV
fbem-10381	154	39	loose	loose	ADJ
fbem-10381	154	40	monetary	monetary	ADJ
fbem-10381	154	41	policy	policy	NOUN
fbem-10381	154	42	,	,	PUNCT
fbem-10381	154	43	enterprises	enterprise	NOUN
fbem-10381	154	44	will	will	AUX
fbem-10381	154	45	shrink	shrink	VERB
fbem-10381	154	46	their	their	PRON
fbem-10381	154	47	commercial	commercial	ADJ
fbem-10381	154	48	credit	credit	NOUN
fbem-10381	154	49	scale	scale	NOUN
fbem-10381	154	50	and	and	CCONJ
fbem-10381	154	51	place	place	VERB
fbem-10381	154	52	more	more	ADJ
fbem-10381	154	53	emphasis	emphasis	NOUN
fbem-10381	154	54	on	on	ADP
fbem-10381	154	55	external	external	ADJ
fbem-10381	154	56	traditional	traditional	ADJ
fbem-10381	154	57	financing	financing	NOUN
fbem-10381	154	58	channels	channel	NOUN
fbem-10381	154	59	.	.	PUNCT
fbem-10381	155	1	(	(	PUNCT
fbem-10381	155	2	2	2	X
fbem-10381	155	3	)	)	PUNCT
fbem-10381	155	4	the	the	DET
fbem-10381	155	5	tendency	tendency	NOUN
fbem-10381	155	6	of	of	ADP
fbem-10381	155	7	enterprises	enterprise	NOUN
fbem-10381	155	8	to	to	PART
fbem-10381	155	9	shift	shift	VERB
fbem-10381	155	10	from	from	ADP
fbem-10381	155	11	reality	reality	NOUN
fbem-10381	155	12	to	to	ADP
fbem-10381	155	13	emptiness	emptiness	NOUN
fbem-10381	155	14	will	will	AUX
fbem-10381	155	15	alienate	alienate	VERB
fbem-10381	155	16	the	the	DET
fbem-10381	155	17	function	function	NOUN
fbem-10381	155	18	of	of	ADP
fbem-10381	155	19	commercial	commercial	ADJ
fbem-10381	155	20	credit	credit	NOUN
fbem-10381	155	21	as	as	ADP
fbem-10381	155	22	a	a	DET
fbem-10381	155	23	"	"	PUNCT
fbem-10381	155	24	stabilizer	stabilizer	NOUN
fbem-10381	155	25	"	"	PUNCT
fbem-10381	155	26	against	against	ADP
fbem-10381	155	27	monetary	monetary	ADJ
fbem-10381	155	28	policy	policy	NOUN
fbem-10381	155	29	.	.	PUNCT
fbem-10381	156	1	when	when	SCONJ
fbem-10381	156	2	the	the	DET
fbem-10381	156	3	central	central	ADJ
fbem-10381	156	4	bank	bank	NOUN
fbem-10381	156	5	implements	implement	VERB
fbem-10381	156	6	a	a	DET
fbem-10381	156	7	tight	tight	ADJ
fbem-10381	156	8	monetary	monetary	ADJ
fbem-10381	156	9	policy	policy	NOUN
fbem-10381	156	10	,	,	PUNCT
fbem-10381	156	11	the	the	DET
fbem-10381	156	12	tendency	tendency	NOUN
fbem-10381	156	13	of	of	ADP
fbem-10381	156	14	enterprises	enterprise	NOUN
fbem-10381	156	15	to	to	PART
fbem-10381	156	16	shift	shift	VERB
fbem-10381	156	17	from	from	ADP
fbem-10381	156	18	real	real	ADJ
fbem-10381	156	19	to	to	ADP
fbem-10381	156	20	virtual	virtual	ADJ
fbem-10381	156	21	will	will	AUX
fbem-10381	156	22	hinder	hinder	VERB
fbem-10381	156	23	the	the	DET
fbem-10381	156	24	reasonable	reasonable	ADJ
fbem-10381	156	25	expansion	expansion	NOUN
fbem-10381	156	26	of	of	ADP
fbem-10381	156	27	their	their	PRON
fbem-10381	156	28	commercial	commercial	ADJ
fbem-10381	156	29	credit	credit	NOUN
fbem-10381	156	30	scale	scale	NOUN
fbem-10381	156	31	,	,	PUNCT
fbem-10381	156	32	making	make	VERB
fbem-10381	156	33	it	it	PRON
fbem-10381	156	34	difficult	difficult	ADJ
fbem-10381	156	35	to	to	PART
fbem-10381	156	36	smooth	smooth	VERB
fbem-10381	156	37	out	out	ADP
fbem-10381	156	38	the	the	DET
fbem-10381	156	39	impact	impact	NOUN
fbem-10381	156	40	of	of	ADP
fbem-10381	156	41	monetary	monetary	ADJ
fbem-10381	156	42	policy	policy	NOUN
fbem-10381	156	43	on	on	ADP
fbem-10381	156	44	enterprise	enterprise	NOUN
fbem-10381	156	45	operations	operation	NOUN
fbem-10381	156	46	.	.	PUNCT
fbem-10381	157	1	meanwhile	meanwhile	ADV
fbem-10381	157	2	,	,	PUNCT
fbem-10381	157	3	state	state	NOUN
fbem-10381	157	4	-	-	PUNCT
fbem-10381	157	5	owned	own	VERB
fbem-10381	157	6	enterprises	enterprise	NOUN
fbem-10381	157	7	are	be	AUX
fbem-10381	157	8	more	more	ADV
fbem-10381	157	9	capable	capable	ADJ
fbem-10381	157	10	of	of	ADP
fbem-10381	157	11	amplifying	amplify	VERB
fbem-10381	157	12	the	the	DET
fbem-10381	157	13	positive	positive	ADJ
fbem-10381	157	14	role	role	NOUN
fbem-10381	157	15	of	of	ADP
fbem-10381	157	16	commercial	commercial	ADJ
fbem-10381	157	17	credit	credit	NOUN
fbem-10381	157	18	in	in	ADP
fbem-10381	157	19	resisting	resist	VERB
fbem-10381	157	20	monetary	monetary	ADJ
fbem-10381	157	21	policy	policy	NOUN
fbem-10381	157	22	shocks	shock	NOUN
fbem-10381	157	23	compared	compare	VERB
fbem-10381	157	24	to	to	ADP
fbem-10381	157	25	private	private	ADJ
fbem-10381	157	26	enterprises	enterprise	NOUN
fbem-10381	157	27	.	.	PUNCT
fbem-10381	158	1	5.2	5.2	NUM
fbem-10381	158	2	.	.	PUNCT
fbem-10381	158	3	policy	policy	NOUN
fbem-10381	158	4	implications	implication	NOUN
fbem-10381	158	5	firstly	firstly	ADV
fbem-10381	158	6	,	,	PUNCT
fbem-10381	158	7	the	the	DET
fbem-10381	158	8	government	government	NOUN
fbem-10381	158	9	should	should	AUX
fbem-10381	158	10	maintain	maintain	VERB
fbem-10381	158	11	the	the	DET
fbem-10381	158	12	transparency	transparency	NOUN
fbem-10381	158	13	and	and	CCONJ
fbem-10381	158	14	robustness	robustness	NOUN
fbem-10381	158	15	of	of	ADP
fbem-10381	158	16	monetary	monetary	ADJ
fbem-10381	158	17	policy	policy	NOUN
fbem-10381	158	18	.	.	PUNCT
fbem-10381	159	1	the	the	DET
fbem-10381	159	2	adjustment	adjustment	NOUN
fbem-10381	159	3	of	of	ADP
fbem-10381	159	4	monetary	monetary	ADJ
fbem-10381	159	5	policy	policy	NOUN
fbem-10381	159	6	will	will	AUX
fbem-10381	159	7	significantly	significantly	ADV
fbem-10381	159	8	affect	affect	VERB
fbem-10381	159	9	the	the	DET
fbem-10381	159	10	investment	investment	NOUN
fbem-10381	159	11	and	and	CCONJ
fbem-10381	159	12	financing	financing	NOUN
fbem-10381	159	13	directions	direction	NOUN
fbem-10381	159	14	and	and	CCONJ
fbem-10381	159	15	channel	channel	NOUN
fbem-10381	159	16	choices	choice	NOUN
fbem-10381	159	17	of	of	ADP
fbem-10381	159	18	enterprises	enterprise	NOUN
fbem-10381	159	19	.	.	PUNCT
fbem-10381	160	1	the	the	PRON
fbem-10381	160	2	higher	high	ADJ
fbem-10381	160	3	the	the	DET
fbem-10381	160	4	uncertainty	uncertainty	NOUN
fbem-10381	160	5	of	of	ADP
fbem-10381	160	6	monetary	monetary	ADJ
fbem-10381	160	7	policy	policy	NOUN
fbem-10381	160	8	,	,	PUNCT
fbem-10381	160	9	the	the	PRON
fbem-10381	160	10	harder	hard	ADJ
fbem-10381	160	11	it	it	PRON
fbem-10381	160	12	is	be	AUX
fbem-10381	160	13	for	for	SCONJ
fbem-10381	160	14	enterprises	enterprise	NOUN
fbem-10381	160	15	to	to	PART
fbem-10381	160	16	predict	predict	VERB
fbem-10381	160	17	the	the	DET
fbem-10381	160	18	difficulty	difficulty	NOUN
fbem-10381	160	19	of	of	ADP
fbem-10381	160	20	obtaining	obtain	VERB
fbem-10381	160	21	credit	credit	NOUN
fbem-10381	160	22	resources	resource	NOUN
fbem-10381	160	23	and	and	CCONJ
fbem-10381	160	24	make	make	VERB
fbem-10381	160	25	timely	timely	ADJ
fbem-10381	160	26	and	and	CCONJ
fbem-10381	160	27	effective	effective	ADJ
fbem-10381	160	28	response	response	NOUN
fbem-10381	160	29	measures	measure	NOUN
fbem-10381	160	30	.	.	PUNCT
fbem-10381	161	1	therefore	therefore	ADV
fbem-10381	161	2	,	,	PUNCT
fbem-10381	161	3	the	the	DET
fbem-10381	161	4	government	government	NOUN
fbem-10381	161	5	should	should	AUX
fbem-10381	161	6	maintain	maintain	VERB
fbem-10381	161	7	the	the	DET
fbem-10381	161	8	transparency	transparency	NOUN
fbem-10381	161	9	and	and	CCONJ
fbem-10381	161	10	robustness	robustness	NOUN
fbem-10381	161	11	of	of	ADP
fbem-10381	161	12	monetary	monetary	ADJ
fbem-10381	161	13	policy	policy	NOUN
fbem-10381	161	14	,	,	PUNCT
fbem-10381	161	15	actively	actively	ADV
fbem-10381	161	16	guide	guide	VERB
fbem-10381	161	17	enterprises	enterprise	NOUN
fbem-10381	161	18	to	to	PART
fbem-10381	161	19	make	make	VERB
fbem-10381	161	20	correct	correct	ADJ
fbem-10381	161	21	predictions	prediction	NOUN
fbem-10381	161	22	about	about	ADP
fbem-10381	161	23	the	the	DET
fbem-10381	161	24	future	future	ADJ
fbem-10381	161	25	situation	situation	NOUN
fbem-10381	161	26	,	,	PUNCT
fbem-10381	161	27	and	and	CCONJ
fbem-10381	161	28	mitigate	mitigate	VERB
fbem-10381	161	29	the	the	DET
fbem-10381	161	30	impact	impact	NOUN
fbem-10381	161	31	of	of	ADP
fbem-10381	161	32	monetary	monetary	ADJ
fbem-10381	161	33	policy	policy	NOUN
fbem-10381	161	34	fluctuations	fluctuation	NOUN
fbem-10381	161	35	on	on	ADP
fbem-10381	161	36	enterprises	enterprise	NOUN
fbem-10381	161	37	.	.	PUNCT
fbem-10381	162	1	secondly	secondly	ADV
fbem-10381	162	2	,	,	PUNCT
fbem-10381	162	3	banks	bank	NOUN
fbem-10381	162	4	and	and	CCONJ
fbem-10381	162	5	other	other	ADJ
fbem-10381	162	6	financial	financial	ADJ
fbem-10381	162	7	institutions	institution	NOUN
fbem-10381	162	8	should	should	AUX
fbem-10381	162	9	establish	establish	VERB
fbem-10381	162	10	effective	effective	ADJ
fbem-10381	162	11	credit	credit	NOUN
fbem-10381	162	12	rating	rating	NOUN
fbem-10381	162	13	systems	system	NOUN
fbem-10381	162	14	.	.	PUNCT
fbem-10381	163	1	the	the	DET
fbem-10381	163	2	information	information	NOUN
fbem-10381	163	3	asymmetry	asymmetry	NOUN
fbem-10381	163	4	between	between	ADP
fbem-10381	163	5	financial	financial	ADJ
fbem-10381	163	6	institutions	institution	NOUN
fbem-10381	163	7	and	and	CCONJ
fbem-10381	163	8	enterprises	enterprise	NOUN
fbem-10381	163	9	leads	lead	VERB
fbem-10381	163	10	to	to	ADP
fbem-10381	163	11	financing	financing	NOUN
fbem-10381	163	12	constraints	constraint	NOUN
fbem-10381	163	13	such	such	ADJ
fbem-10381	163	14	as	as	ADP
fbem-10381	163	15	"	"	PUNCT
fbem-10381	163	16	scale	scale	NOUN
fbem-10381	163	17	discrimination	discrimination	NOUN
fbem-10381	163	18	"	"	PUNCT
fbem-10381	163	19	against	against	ADP
fbem-10381	163	20	some	some	DET
fbem-10381	163	21	non	non	ADJ
fbem-10381	163	22	-	-	ADJ
fbem-10381	163	23	state	state	NOUN
fbem-10381	163	24	-	-	PUNCT
fbem-10381	163	25	owned	own	VERB
fbem-10381	163	26	enterprises	enterprise	NOUN
fbem-10381	163	27	.	.	PUNCT
fbem-10381	164	1	financial	financial	ADJ
fbem-10381	164	2	institutions	institution	NOUN
fbem-10381	164	3	should	should	AUX
fbem-10381	164	4	establish	establish	VERB
fbem-10381	164	5	a	a	DET
fbem-10381	164	6	multidimensional	multidimensional	ADJ
fbem-10381	164	7	,	,	PUNCT
fbem-10381	164	8	comprehensive	comprehensive	ADJ
fbem-10381	164	9	,	,	PUNCT
fbem-10381	164	10	and	and	CCONJ
fbem-10381	164	11	effective	effective	ADJ
fbem-10381	164	12	credit	credit	NOUN
fbem-10381	164	13	rating	rating	NOUN
fbem-10381	164	14	system	system	NOUN
fbem-10381	164	15	,	,	PUNCT
fbem-10381	164	16	increase	increase	VERB
fbem-10381	164	17	information	information	NOUN
fbem-10381	164	18	transparency	transparency	NOUN
fbem-10381	164	19	,	,	PUNCT
fbem-10381	164	20	help	help	VERB
fbem-10381	164	21	promising	promise	VERB
fbem-10381	164	22	small	small	ADJ
fbem-10381	164	23	and	and	CCONJ
fbem-10381	164	24	mediumsized	mediumsized	ADJ
fbem-10381	164	25	enterprises	enterprise	NOUN
fbem-10381	164	26	solve	solve	VERB
fbem-10381	164	27	financing	financing	NOUN
fbem-10381	164	28	difficulties	difficulty	NOUN
fbem-10381	164	29	,	,	PUNCT
fbem-10381	164	30	and	and	CCONJ
fbem-10381	164	31	prohibit	prohibit	VERB
fbem-10381	164	32	enterprises	enterprise	NOUN
fbem-10381	164	33	from	from	ADP
fbem-10381	164	34	using	use	VERB
fbem-10381	164	35	it	it	PRON
fbem-10381	164	36	for	for	ADP
fbem-10381	164	37	speculative	speculative	ADJ
fbem-10381	164	38	and	and	CCONJ
fbem-10381	164	39	arbitrage	arbitrage	NOUN
fbem-10381	164	40	financing	financing	NOUN
fbem-10381	164	41	purposes	purpose	NOUN
fbem-10381	164	42	.	.	PUNCT
fbem-10381	165	1	thirdly	thirdly	ADV
fbem-10381	165	2	,	,	PUNCT
fbem-10381	165	3	enterprises	enterprise	NOUN
fbem-10381	165	4	should	should	AUX
fbem-10381	165	5	actively	actively	ADV
fbem-10381	165	6	expand	expand	VERB
fbem-10381	165	7	diverse	diverse	ADJ
fbem-10381	165	8	financing	financing	NOUN
fbem-10381	165	9	channels	channel	NOUN
fbem-10381	165	10	.	.	PUNCT
fbem-10381	166	1	enterprises	enterprise	NOUN
fbem-10381	166	2	should	should	AUX
fbem-10381	166	3	generate	generate	VERB
fbem-10381	166	4	a	a	DET
fbem-10381	166	5	cluster	cluster	NOUN
fbem-10381	166	6	effect	effect	NOUN
fbem-10381	166	7	,	,	PUNCT
fbem-10381	166	8	actively	actively	ADV
fbem-10381	166	9	connect	connect	VERB
fbem-10381	166	10	and	and	CCONJ
fbem-10381	166	11	connect	connect	VERB
fbem-10381	166	12	in	in	ADP
fbem-10381	166	13	the	the	DET
fbem-10381	166	14	industrial	industrial	ADJ
fbem-10381	166	15	chain	chain	NOUN
fbem-10381	166	16	,	,	PUNCT
fbem-10381	166	17	form	form	VERB
fbem-10381	166	18	good	good	ADJ
fbem-10381	166	19	commercial	commercial	ADJ
fbem-10381	166	20	relationships	relationship	NOUN
fbem-10381	166	21	,	,	PUNCT
fbem-10381	166	22	and	and	CCONJ
fbem-10381	166	23	establish	establish	VERB
fbem-10381	166	24	a	a	DET
fbem-10381	166	25	linkage	linkage	NOUN
fbem-10381	166	26	mechanism	mechanism	NOUN
fbem-10381	166	27	for	for	ADP
fbem-10381	166	28	commercial	commercial	ADJ
fbem-10381	166	29	credit	credit	NOUN
fbem-10381	166	30	,	,	PUNCT
fbem-10381	166	31	so	so	SCONJ
fbem-10381	166	32	that	that	SCONJ
fbem-10381	166	33	enterprises	enterprise	NOUN
fbem-10381	166	34	within	within	ADP
fbem-10381	166	35	the	the	DET
fbem-10381	166	36	cluster	cluster	NOUN
fbem-10381	166	37	can	can	AUX
fbem-10381	166	38	form	form	VERB
fbem-10381	166	39	an	an	DET
fbem-10381	166	40	organic	organic	ADJ
fbem-10381	166	41	whole	whole	NOUN
fbem-10381	166	42	and	and	CCONJ
fbem-10381	166	43	jointly	jointly	ADV
fbem-10381	166	44	resist	resist	VERB
fbem-10381	166	45	the	the	DET
fbem-10381	166	46	impact	impact	NOUN
fbem-10381	166	47	and	and	CCONJ
fbem-10381	166	48	challenges	challenge	NOUN
fbem-10381	166	49	of	of	ADP
fbem-10381	166	50	external	external	ADJ
fbem-10381	166	51	environmental	environmental	ADJ
fbem-10381	166	52	changes	change	NOUN
fbem-10381	166	53	on	on	ADP
fbem-10381	166	54	enterprise	enterprise	NOUN
fbem-10381	166	55	operations	operation	NOUN
fbem-10381	166	56	.	.	PUNCT
fbem-10381	167	1	references	reference	NOUN
fbem-10381	167	2	[	[	X
fbem-10381	167	3	1	1	X
fbem-10381	167	4	]	]	X
fbem-10381	167	5	liu	liu	PROPN
fbem-10381	167	6	xing	xing	PROPN
fbem-10381	167	7	,	,	PUNCT
fbem-10381	167	8	ji	ji	PROPN
fbem-10381	167	9	fang	fang	PROPN
fbem-10381	167	10	,	,	PUNCT
fbem-10381	167	11	fu	fu	PROPN
fbem-10381	167	12	qiang	qiang	PROPN
fbem-10381	167	13	.	.	PUNCT
fbem-10381	168	1	monetary	monetary	ADJ
fbem-10381	168	2	policy	policy	NOUN
fbem-10381	168	3	,	,	PUNCT
fbem-10381	168	4	group	group	NOUN
fbem-10381	168	5	internal	internal	ADJ
fbem-10381	168	6	capital	capital	NOUN
fbem-10381	168	7	market	market	NOUN
fbem-10381	168	8	operation	operation	NOUN
fbem-10381	168	9	and	and	CCONJ
fbem-10381	168	10	capital	capital	NOUN
fbem-10381	168	11	investment	investment	NOUN
fbem-10381	169	1	[	[	X
fbem-10381	169	2	j	j	X
fbem-10381	169	3	]	]	X
fbem-10381	169	4	.	.	PUNCT
fbem-10381	170	1	economic	economic	ADJ
fbem-10381	170	2	science	science	NOUN
fbem-10381	170	3	,	,	PUNCT
fbem-10381	170	4	2013	2013	NUM
fbem-10381	170	5	(	(	PUNCT
fbem-10381	170	6	03	03	NUM
fbem-10381	170	7	):	):	PUNCT
fbem-10381	170	8	18	18	NUM
fbem-10381	170	9	-	-	SYM
fbem-10381	170	10	33	33	NUM
fbem-10381	170	11	.	.	PUNCT
fbem-10381	171	1	[	[	X
fbem-10381	171	2	2	2	NUM
fbem-10381	171	3	]	]	X
fbem-10381	171	4	yang	yang	PROPN
fbem-10381	171	5	xingquan	xingquan	PROPN
fbem-10381	171	6	,	,	PUNCT
fbem-10381	171	7	yin	yin	PROPN
fbem-10381	171	8	xingqiang	xingqiang	PROPN
fbem-10381	171	9	.	.	PUNCT
fbem-10381	172	1	who	who	PRON
fbem-10381	172	2	has	have	AUX
fbem-10381	172	3	been	be	AUX
fbem-10381	172	4	effectively	effectively	ADV
fbem-10381	172	5	regulated	regulate	VERB
fbem-10381	172	6	by	by	ADP
fbem-10381	172	7	monetary	monetary	ADJ
fbem-10381	172	8	policy	policy	NOUN
fbem-10381	172	9	—	—	PUNCT
fbem-10381	172	10	—	—	PUNCT
fbem-10381	172	11	research	research	NOUN
fbem-10381	172	12	on	on	ADP
fbem-10381	172	13	investment	investment	NOUN
fbem-10381	172	14	behavior	behavior	NOUN
fbem-10381	172	15	of	of	ADP
fbem-10381	172	16	listed	list	VERB
fbem-10381	172	17	companies	company	NOUN
fbem-10381	173	1	[	[	X
fbem-10381	173	2	j	j	X
fbem-10381	173	3	]	]	X
fbem-10381	173	4	.	.	PUNCT
fbem-10381	174	1	accounting	accounting	NOUN
fbem-10381	174	2	research	research	NOUN
fbem-10381	174	3	,	,	PUNCT
fbem-10381	174	4	2017354	2017354	NUM
fbem-10381	174	5	(	(	PUNCT
fbem-10381	174	6	04	04	NUM
fbem-10381	174	7	)	)	PUNCT
fbem-10381	174	8	,	,	PUNCT
fbem-10381	174	9	3	3	NUM
fbem-10381	174	10	-	-	SYM
fbem-10381	174	11	11	11	NUM
fbem-10381	174	12	+	+	NOUN
fbem-10381	174	13	95	95	NUM
fbem-10381	174	14	.	.	PUNCT
fbem-10381	175	1	[	[	X
fbem-10381	175	2	3	3	X
fbem-10381	175	3	]	]	X
fbem-10381	175	4	zhong	zhong	PROPN
fbem-10381	175	5	kai	kai	PROPN
fbem-10381	175	6	,	,	PUNCT
fbem-10381	175	7	cheng	cheng	PROPN
fbem-10381	175	8	xiaoke	xiaoke	PROPN
fbem-10381	175	9	,	,	PUNCT
fbem-10381	175	10	zhang	zhang	PROPN
fbem-10381	175	11	weihua	weihua	PROPN
fbem-10381	175	12	.	.	PUNCT
fbem-10381	176	1	monetary	monetary	ADJ
fbem-10381	176	2	policy	policy	NOUN
fbem-10381	176	3	,	,	PUNCT
fbem-10381	176	4	information	information	NOUN
fbem-10381	176	5	transparency	transparency	NOUN
fbem-10381	176	6	,	,	PUNCT
fbem-10381	176	7	and	and	CCONJ
fbem-10381	176	8	corporate	corporate	ADJ
fbem-10381	176	9	credit	credit	NOUN
fbem-10381	176	10	term	term	NOUN
fbem-10381	176	11	structure	structure	NOUN
fbem-10381	177	1	[	[	X
fbem-10381	177	2	j	j	X
fbem-10381	177	3	]	]	X
fbem-10381	177	4	.	.	PUNCT
fbem-10381	178	1	finance	finance	NOUN
fbem-10381	178	2	,	,	PUNCT
fbem-10381	178	3	trade	trade	NOUN
fbem-10381	178	4	and	and	CCONJ
fbem-10381	178	5	economics	economic	NOUN
fbem-10381	178	6	,	,	PUNCT
fbem-10381	178	7	2016	2016	NUM
fbem-10381	178	8	(	(	PUNCT
fbem-10381	178	9	03	03	NUM
fbem-10381	178	10	):	):	PUNCT
fbem-10381	178	11	60	60	NUM
fbem-10381	178	12	-	-	SYM
fbem-10381	178	13	77	77	NUM
fbem-10381	178	14	.	.	PUNCT
fbem-10381	179	1	[	[	X
fbem-10381	179	2	4	4	X
fbem-10381	179	3	]	]	X
fbem-10381	179	4	rao	rao	PROPN
fbem-10381	179	5	pingui	pingui	PROPN
fbem-10381	179	6	,	,	PUNCT
fbem-10381	179	7	jiang	jiang	PROPN
fbem-10381	179	8	guohua	guohua	PROPN
fbem-10381	179	9	.	.	PUNCT
fbem-10381	180	1	research	research	NOUN
fbem-10381	180	2	on	on	ADP
fbem-10381	180	3	the	the	DET
fbem-10381	180	4	impact	impact	NOUN
fbem-10381	180	5	of	of	ADP
fbem-10381	180	6	monetary	monetary	ADJ
fbem-10381	180	7	policy	policy	NOUN
fbem-10381	180	8	on	on	ADP
fbem-10381	180	9	the	the	DET
fbem-10381	180	10	interaction	interaction	NOUN
fbem-10381	180	11	between	between	ADP
fbem-10381	180	12	bank	bank	NOUN
fbem-10381	180	13	credit	credit	NOUN
fbem-10381	180	14	and	and	CCONJ
fbem-10381	180	15	256	256	NUM
fbem-10381	180	16	commercial	commercial	ADJ
fbem-10381	180	17	credit	credit	NOUN
fbem-10381	181	1	[	[	X
fbem-10381	181	2	j	j	X
fbem-10381	181	3	]	]	X
fbem-10381	181	4	.	.	PUNCT
fbem-10381	182	1	economic	economic	ADJ
fbem-10381	182	2	research	research	NOUN
fbem-10381	182	3	,	,	PUNCT
fbem-10381	182	4	2013,48	2013,48	NUM
fbem-10381	182	5	(	(	PUNCT
fbem-10381	182	6	01	01	NUM
fbem-10381	182	7	):	):	PUNCT
fbem-10381	182	8	6882	6882	NUM
fbem-10381	182	9	+	+	SYM
fbem-10381	182	10	150	150	NUM
fbem-10381	182	11	.	.	PUNCT
fbem-10381	183	1	[	[	X
fbem-10381	183	2	5	5	NUM
fbem-10381	183	3	]	]	X
fbem-10381	183	4	cook	cook	NOUN
fbem-10381	183	5	,	,	PUNCT
fbem-10381	183	6	l.d	l.d	PROPN
fbem-10381	183	7	.	.	PROPN
fbem-10381	183	8	trade	trade	NOUN
fbem-10381	183	9	credit	credit	NOUN
fbem-10381	183	10	and	and	CCONJ
fbem-10381	183	11	bank	bank	NOUN
fbem-10381	183	12	finance	finance	NOUN
fbem-10381	183	13	:	:	PUNCT
fbem-10381	183	14	financing	finance	VERB
fbem-10381	183	15	small	small	ADJ
fbem-10381	183	16	firm	firm	NOUN
fbem-10381	183	17	in	in	ADP
fbem-10381	183	18	russia	russia	PROPN
fbem-10381	184	1	[	[	X
fbem-10381	184	2	j	j	X
fbem-10381	184	3	]	]	X
fbem-10381	184	4	journal	journal	NOUN
fbem-10381	184	5	of	of	ADP
fbem-10381	184	6	business	business	NOUN
fbem-10381	184	7	venturing	venturing	NOUN
fbem-10381	184	8	,	,	PUNCT
fbem-10381	184	9	1999,14:493	1999,14:493	PROPN
fbem-10381	184	10	-	-	SYM
fbem-10381	184	11	518	518	NUM
fbem-10381	184	12	.	.	PUNCT
fbem-10381	185	1	[	[	X
fbem-10381	185	2	6	6	NUM
fbem-10381	185	3	]	]	PUNCT
fbem-10381	185	4	ž	ž	PROPN
fbem-10381	185	5	ukauskas	ukauskas	PROPN
fbem-10381	185	6	v	v	PROPN
fbem-10381	185	7	,	,	PUNCT
fbem-10381	185	8	h	h	NOUN
fbem-10381	185	9	ü	ü	PROPN
fbem-10381	185	10	lsmann	lsmann	PROPN
fbem-10381	185	11	j	j	PROPN
fbem-10381	185	12	g.	g.	PROPN
fbem-10381	185	13	financial	financial	PROPN
fbem-10381	185	14	asset	asset	NOUN
fbem-10381	185	15	evaluations	evaluation	NOUN
fbem-10381	185	16	:	:	PUNCT
fbem-10381	185	17	the	the	DET
fbem-10381	185	18	total	total	ADJ
fbem-10381	185	19	demand	demand	NOUN
fbem-10381	185	20	approach	approach	NOUN
fbem-10381	185	21	[	[	X
fbem-10381	185	22	j	j	X
fbem-10381	185	23	]	]	X
fbem-10381	185	24	the	the	DET
fbem-10381	185	25	quarterly	quarterly	ADJ
fbem-10381	185	26	review	review	NOUN
fbem-10381	185	27	of	of	ADP
fbem-10381	185	28	economics	economic	NOUN
fbem-10381	185	29	and	and	CCONJ
fbem-10381	185	30	finance	finance	NOUN
fbem-10381	185	31	,	,	PUNCT
fbem-10381	185	32	2019,72:123	2019,72:123	PROPN
fbem-10381	185	33	-	-	SYM
fbem-10381	185	34	131	131	NUM
fbem-10381	185	35	.	.	PUNCT
fbem-10381	186	1	[	[	X
fbem-10381	186	2	7	7	X
fbem-10381	186	3	]	]	X
fbem-10381	186	4	miao	miao	PROPN
fbem-10381	186	5	j	j	PROPN
fbem-10381	186	6	,	,	PUNCT
fbem-10381	186	7	wang	wang	PROPN
fbem-10381	186	8	p	p	PROPN
fbem-10381	186	9	,	,	PUNCT
fbem-10381	186	10	zhou	zhou	PROPN
fbem-10381	186	11	j.	j.	PROPN
fbem-10381	186	12	housing	housing	PROPN
fbem-10381	186	13	bubbles	bubble	NOUN
fbem-10381	186	14	and	and	CCONJ
fbem-10381	186	15	policy	policy	NOUN
fbem-10381	186	16	analysis	analysis	NOUN
fbem-10381	186	17	[	[	X
fbem-10381	186	18	j	j	X
fbem-10381	186	19	]	]	X
fbem-10381	186	20	unpublished	unpublished	ADJ
fbem-10381	186	21	working	working	NOUN
fbem-10381	186	22	paper	paper	NOUN
fbem-10381	186	23	,	,	PUNCT
fbem-10381	186	24	boston	boston	PROPN
fbem-10381	186	25	university	university	PROPN
fbem-10381	186	26	and	and	CCONJ
fbem-10381	186	27	hkust	hkust	NOUN
fbem-10381	186	28	,	,	PUNCT
fbem-10381	186	29	2014	2014	NUM
fbem-10381	186	30	.	.	PUNCT
fbem-10381	187	1	[	[	X
fbem-10381	187	2	8	8	NUM
fbem-10381	187	3	]	]	X
fbem-10381	187	4	zhang	zhang	PROPN
fbem-10381	187	5	chengsi	chengsi	PROPN
fbem-10381	187	6	,	,	PUNCT
fbem-10381	187	7	zhang	zhang	PROPN
fbem-10381	187	8	butan	butan	PROPN
fbem-10381	187	9	.	.	PUNCT
fbem-10381	188	1	the	the	DET
fbem-10381	188	2	mystery	mystery	NOUN
fbem-10381	188	3	of	of	ADP
fbem-10381	188	4	the	the	DET
fbem-10381	188	5	decline	decline	NOUN
fbem-10381	188	6	in	in	ADP
fbem-10381	188	7	china	china	PROPN
fbem-10381	188	8	's	's	PART
fbem-10381	188	9	industrial	industrial	ADJ
fbem-10381	188	10	investment	investment	NOUN
fbem-10381	188	11	rate	rate	NOUN
fbem-10381	188	12	:	:	PUNCT
fbem-10381	188	13	from	from	ADP
fbem-10381	188	14	the	the	DET
fbem-10381	188	15	perspective	perspective	NOUN
fbem-10381	188	16	of	of	ADP
fbem-10381	188	17	economic	economic	ADJ
fbem-10381	188	18	finance	finance	NOUN
fbem-10381	189	1	[	[	X
fbem-10381	189	2	j	j	X
fbem-10381	189	3	]	]	X
fbem-10381	189	4	.	.	PUNCT
fbem-10381	190	1	economic	economic	ADJ
fbem-10381	190	2	research	research	NOUN
fbem-10381	190	3	,	,	PUNCT
fbem-10381	190	4	2016,51	2016,51	PROPN
fbem-10381	190	5	(	(	PUNCT
fbem-10381	190	6	12	12	NUM
fbem-10381	190	7	):	):	PUNCT
fbem-10381	190	8	3246	3246	NUM
fbem-10381	190	9	.	.	PUNCT
fbem-10381	191	1	[	[	X
fbem-10381	191	2	9	9	NUM
fbem-10381	191	3	]	]	PUNCT
fbem-10381	191	4	yuan	yuan	NOUN
fbem-10381	191	5	weiqiu	weiqiu	NOUN
fbem-10381	191	6	,	,	PUNCT
fbem-10381	191	7	wang	wang	PROPN
fbem-10381	191	8	haijiao	haijiao	PROPN
fbem-10381	191	9	,	,	PUNCT
fbem-10381	191	10	yu	yu	PROPN
fbem-10381	191	11	chengyong	chengyong	PROPN
fbem-10381	191	12	.	.	PUNCT
fbem-10381	192	1	quality	quality	NOUN
fbem-10381	192	2	of	of	ADP
fbem-10381	192	3	monetary	monetary	ADJ
fbem-10381	192	4	policy	policy	NOUN
fbem-10381	192	5	,	,	PUNCT
fbem-10381	192	6	social	social	ADJ
fbem-10381	192	7	responsibility	responsibility	NOUN
fbem-10381	192	8	information	information	NOUN
fbem-10381	192	9	disclosure	disclosure	NOUN
fbem-10381	192	10	,	,	PUNCT
fbem-10381	192	11	and	and	CCONJ
fbem-10381	192	12	business	business	NOUN
fbem-10381	192	13	credit	credit	NOUN
fbem-10381	192	14	models	model	NOUN
fbem-10381	193	1	[	[	X
fbem-10381	193	2	j	j	X
fbem-10381	193	3	]	]	X
fbem-10381	193	4	.	.	PUNCT
fbem-10381	194	1	accounting	accounting	NOUN
fbem-10381	194	2	and	and	CCONJ
fbem-10381	194	3	economic	economic	ADJ
fbem-10381	194	4	research	research	NOUN
fbem-10381	194	5	,	,	PUNCT
fbem-10381	194	6	2017,31	2017,31	NUM
fbem-10381	194	7	(	(	PUNCT
fbem-10381	194	8	01	01	NUM
fbem-10381	194	9	):	):	PUNCT
fbem-10381	194	10	28	28	NUM
fbem-10381	194	11	-	-	SYM
fbem-10381	194	12	42	42	NUM
fbem-10381	194	13	.	.	PUNCT
fbem-10381	195	1	[	[	X
fbem-10381	195	2	10	10	NUM
fbem-10381	195	3	]	]	X
fbem-10381	195	4	justin	justin	PROPN
fbem-10381	195	5	yifu	yifu	PROPN
fbem-10381	195	6	lin	lin	PROPN
fbem-10381	195	7	,	,	PUNCT
fbem-10381	195	8	li	li	PROPN
fbem-10381	195	9	zhiyun	zhiyun	PROPN
fbem-10381	195	10	.	.	PUNCT
fbem-10381	196	1	policy	policy	NOUN
fbem-10381	196	2	burden	burden	NOUN
fbem-10381	196	3	,	,	PUNCT
fbem-10381	196	4	moral	moral	ADJ
fbem-10381	196	5	hazard	hazard	NOUN
fbem-10381	196	6	and	and	CCONJ
fbem-10381	196	7	soft	soft	ADJ
fbem-10381	196	8	budget	budget	NOUN
fbem-10381	196	9	constraint	constraint	NOUN
fbem-10381	197	1	[	[	X
fbem-10381	197	2	j	j	X
fbem-10381	197	3	]	]	X
fbem-10381	197	4	.	.	PUNCT
fbem-10381	198	1	economic	economic	ADJ
fbem-10381	198	2	research	research	NOUN
fbem-10381	198	3	,	,	PUNCT
fbem-10381	198	4	2004	2004	NUM
fbem-10381	198	5	(	(	PUNCT
fbem-10381	198	6	2	2	NUM
fbem-10381	198	7	):	):	PUNCT
fbem-10381	198	8	1727	1727	NUM
fbem-10381	198	9	.	.	PUNCT
fbem-10381	199	1	[	[	X
fbem-10381	199	2	11	11	NUM
fbem-10381	199	3	]	]	X
fbem-10381	199	4	du	du	PROPN
fbem-10381	199	5	yong	yong	PROPN
fbem-10381	199	6	,	,	PUNCT
fbem-10381	199	7	zhang	zhang	PROPN
fbem-10381	199	8	huan	huan	PROPN
fbem-10381	199	9	,	,	PUNCT
fbem-10381	199	10	chen	chen	PROPN
fbem-10381	199	11	jianying	jianying	PROPN
fbem-10381	199	12	.	.	PUNCT
fbem-10381	200	1	the	the	DET
fbem-10381	200	2	impact	impact	NOUN
fbem-10381	200	3	of	of	ADP
fbem-10381	200	4	financialization	financialization	NOUN
fbem-10381	200	5	on	on	ADP
fbem-10381	200	6	the	the	DET
fbem-10381	200	7	future	future	ADJ
fbem-10381	200	8	main	main	ADJ
fbem-10381	200	9	business	business	NOUN
fbem-10381	200	10	development	development	NOUN
fbem-10381	200	11	of	of	ADP
fbem-10381	200	12	physical	physical	ADJ
fbem-10381	200	13	enterprises	enterprise	NOUN
fbem-10381	200	14	:	:	PUNCT
fbem-10381	200	15	promoting	promote	VERB
fbem-10381	200	16	or	or	CCONJ
fbem-10381	200	17	suppressing	suppress	VERB
fbem-10381	200	18	[	[	X
fbem-10381	200	19	j	j	X
fbem-10381	200	20	]	]	X
fbem-10381	200	21	.	.	PUNCT
fbem-10381	201	1	china	china	PROPN
fbem-10381	201	2	industrial	industrial	ADJ
fbem-10381	201	3	economy	economy	NOUN
fbem-10381	201	4	,	,	PUNCT
fbem-10381	201	5	2017	2017	NUM
fbem-10381	201	6	(	(	PUNCT
fbem-10381	201	7	12	12	NUM
fbem-10381	201	8	):	):	PUNCT
fbem-10381	201	9	113	113	NUM
fbem-10381	201	10	-	-	SYM
fbem-10381	201	11	131	131	NUM
fbem-10381	201	12	.	.	PUNCT
fbem-10381	202	1	[	[	X
fbem-10381	202	2	12	12	NUM
fbem-10381	202	3	]	]	X
fbem-10381	202	4	demir	demir	PROPN
fbem-10381	202	5	f.	f.	PROPN
fbem-10381	202	6	financial	financial	PROPN
fbem-10381	202	7	liberalization	liberalization	PROPN
fbem-10381	202	8	,	,	PUNCT
fbem-10381	202	9	private	private	ADJ
fbem-10381	202	10	investment	investment	NOUN
fbem-10381	202	11	and	and	CCONJ
fbem-10381	202	12	portfolio	portfolio	NOUN
fbem-10381	202	13	choice	choice	NOUN
fbem-10381	202	14	:	:	PUNCT
fbem-10381	202	15	finance	finance	NOUN
fbem-10381	202	16	of	of	ADP
fbem-10381	202	17	real	real	ADJ
fbem-10381	202	18	sectors	sector	NOUN
fbem-10381	202	19	in	in	ADP
fbem-10381	202	20	emerging	emerge	VERB
fbem-10381	202	21	markets	market	NOUN
fbem-10381	203	1	[	[	X
fbem-10381	203	2	j	j	X
fbem-10381	203	3	]	]	X
fbem-10381	203	4	.	.	PUNCT
fbem-10381	204	1	journal	journal	PROPN
fbem-10381	204	2	of	of	ADP
fbem-10381	204	3	development	development	NOUN
fbem-10381	204	4	economics	economic	NOUN
fbem-10381	204	5	,	,	PUNCT
fbem-10381	204	6	2008,88	2008,88	PROPN
fbem-10381	204	7	(	(	PUNCT
fbem-10381	204	8	2	2	NUM
fbem-10381	204	9	):	):	PUNCT
fbem-10381	204	10	314	314	NUM
fbem-10381	204	11	-	-	SYM
fbem-10381	204	12	324	324	NUM
fbem-10381	204	13	.	.	PUNCT