id	sid	tid	token	lemma	pos
fbem-10902	1	1	frontiers	frontier	NOUN
fbem-10902	1	2	in	in	ADP
fbem-10902	1	3	business	business	NOUN
fbem-10902	1	4	,	,	PUNCT
fbem-10902	1	5	economics	economic	NOUN
fbem-10902	1	6	and	and	CCONJ
fbem-10902	1	7	management	management	NOUN
fbem-10902	1	8	issn	issn	PROPN
fbem-10902	1	9	:	:	PUNCT
fbem-10902	1	10	2766	2766	NUM
fbem-10902	1	11	-	-	PUNCT
fbem-10902	1	12	824x	824x	NUM
fbem-10902	1	13	|	|	ADJ
fbem-10902	1	14	vol	vol	NOUN
fbem-10902	1	15	.	.	PROPN
fbem-10902	2	1	10	10	NUM
fbem-10902	2	2	,	,	PUNCT
fbem-10902	2	3	no	no	INTJ
fbem-10902	2	4	.	.	NOUN
fbem-10902	2	5	2	2	NUM
fbem-10902	2	6	,	,	PUNCT
fbem-10902	2	7	2023	2023	NUM
fbem-10902	2	8	174	174	NUM
fbem-10902	2	9	directors	director	NOUN
fbem-10902	2	10	'	'	PART
fbem-10902	2	11	and	and	CCONJ
fbem-10902	2	12	officers	officer	NOUN
fbem-10902	2	13	'	'	PART
fbem-10902	2	14	liability	liability	NOUN
fbem-10902	2	15	insurance	insurance	NOUN
fbem-10902	2	16	and	and	CCONJ
fbem-10902	2	17	corporate	corporate	ADJ
fbem-10902	2	18	green	green	ADJ
fbem-10902	2	19	innovation	innovation	NOUN
fbem-10902	2	20	-an	-an	ADP
fbem-10902	2	21	analysis	analysis	NOUN
fbem-10902	2	22	from	from	ADP
fbem-10902	2	23	the	the	DET
fbem-10902	2	24	mediating	mediate	VERB
fbem-10902	2	25	effect	effect	NOUN
fbem-10902	2	26	of	of	ADP
fbem-10902	2	27	risk	risk	NOUN
fbem-10902	2	28	taking	take	VERB
fbem-10902	2	29	ke	ke	NOUN
fbem-10902	2	30	zhang1	zhang1	PROPN
fbem-10902	2	31	,	,	PUNCT
fbem-10902	2	32	*	*	SYM
fbem-10902	2	33	1	1	NUM
fbem-10902	2	34	accounting	accounting	NOUN
fbem-10902	2	35	,	,	PUNCT
fbem-10902	2	36	school	school	NOUN
fbem-10902	2	37	of	of	ADP
fbem-10902	2	38	accounting	accounting	PROPN
fbem-10902	2	39	,	,	PUNCT
fbem-10902	2	40	anhui	anhui	PROPN
fbem-10902	2	41	university	university	PROPN
fbem-10902	2	42	of	of	ADP
fbem-10902	2	43	finance	finance	NOUN
fbem-10902	2	44	and	and	CCONJ
fbem-10902	2	45	economics	economic	NOUN
fbem-10902	2	46	,	,	PUNCT
fbem-10902	2	47	bengbu	bengbu	NOUN
fbem-10902	2	48	,	,	PUNCT
fbem-10902	2	49	anhui	anhui	PROPN
fbem-10902	2	50	,	,	PUNCT
fbem-10902	2	51	china	china	PROPN
fbem-10902	2	52	*	*	PUNCT
fbem-10902	2	53	corresponding	correspond	VERB
fbem-10902	2	54	author	author	NOUN
fbem-10902	2	55	:	:	PUNCT
fbem-10902	2	56	zhang	zhang	PROPN
fbem-10902	2	57	ke	ke	PROPN
fbem-10902	2	58	(	(	PUNCT
fbem-10902	2	59	email	email	NOUN
fbem-10902	2	60	:	:	PUNCT
fbem-10902	2	61	zhang2604034239@163.com	zhang2604034239@163.com	NOUN
fbem-10902	2	62	)	)	PUNCT
fbem-10902	2	63	abstract	abstract	NOUN
fbem-10902	2	64	:	:	PUNCT
fbem-10902	2	65	using	use	VERB
fbem-10902	2	66	the	the	DET
fbem-10902	2	67	data	datum	NOUN
fbem-10902	2	68	of	of	ADP
fbem-10902	2	69	a	a	DET
fbem-10902	2	70	-	-	PUNCT
fbem-10902	2	71	share	share	NOUN
fbem-10902	2	72	listed	list	VERB
fbem-10902	2	73	companies	company	NOUN
fbem-10902	2	74	in	in	ADP
fbem-10902	2	75	shanghai	shanghai	PROPN
fbem-10902	2	76	and	and	CCONJ
fbem-10902	2	77	shenzhen	shenzhen	PROPN
fbem-10902	2	78	from	from	ADP
fbem-10902	2	79	2010	2010	NUM
fbem-10902	2	80	to	to	ADP
fbem-10902	2	81	2021	2021	NUM
fbem-10902	2	82	,	,	PUNCT
fbem-10902	2	83	we	we	PRON
fbem-10902	2	84	empirically	empirically	ADV
fbem-10902	2	85	test	test	VERB
fbem-10902	2	86	the	the	DET
fbem-10902	2	87	impact	impact	NOUN
fbem-10902	2	88	mechanism	mechanism	NOUN
fbem-10902	2	89	of	of	ADP
fbem-10902	2	90	directors	director	NOUN
fbem-10902	2	91	'	'	PART
fbem-10902	2	92	and	and	CCONJ
fbem-10902	2	93	officers	officer	NOUN
fbem-10902	2	94	'	'	PART
fbem-10902	2	95	liability	liability	NOUN
fbem-10902	2	96	insurance	insurance	NOUN
fbem-10902	2	97	on	on	ADP
fbem-10902	2	98	corporate	corporate	ADJ
fbem-10902	2	99	green	green	ADJ
fbem-10902	2	100	innovation	innovation	NOUN
fbem-10902	2	101	.	.	PUNCT
fbem-10902	3	1	the	the	DET
fbem-10902	3	2	findings	finding	NOUN
fbem-10902	3	3	show	show	VERB
fbem-10902	3	4	that	that	SCONJ
fbem-10902	3	5	the	the	DET
fbem-10902	3	6	introduction	introduction	NOUN
fbem-10902	3	7	of	of	ADP
fbem-10902	3	8	directors	director	NOUN
fbem-10902	3	9	'	'	PART
fbem-10902	3	10	liability	liability	NOUN
fbem-10902	3	11	insurance	insurance	NOUN
fbem-10902	3	12	plays	play	VERB
fbem-10902	3	13	a	a	DET
fbem-10902	3	14	significant	significant	ADJ
fbem-10902	3	15	role	role	NOUN
fbem-10902	3	16	in	in	ADP
fbem-10902	3	17	enhancing	enhance	VERB
fbem-10902	3	18	corporate	corporate	ADJ
fbem-10902	3	19	green	green	ADJ
fbem-10902	3	20	innovation	innovation	NOUN
fbem-10902	3	21	,	,	PUNCT
fbem-10902	3	22	which	which	PRON
fbem-10902	3	23	still	still	ADV
fbem-10902	3	24	holds	hold	VERB
fbem-10902	3	25	after	after	ADP
fbem-10902	3	26	robustness	robustness	NOUN
fbem-10902	3	27	test	test	NOUN
fbem-10902	3	28	and	and	CCONJ
fbem-10902	3	29	endogeneity	endogeneity	NOUN
fbem-10902	3	30	treatment	treatment	NOUN
fbem-10902	3	31	.	.	PUNCT
fbem-10902	4	1	it	it	PRON
fbem-10902	4	2	is	be	AUX
fbem-10902	4	3	further	far	ADV
fbem-10902	4	4	found	find	VERB
fbem-10902	4	5	that	that	SCONJ
fbem-10902	4	6	directors	director	NOUN
fbem-10902	4	7	'	'	PART
fbem-10902	4	8	liability	liability	NOUN
fbem-10902	4	9	insurance	insurance	NOUN
fbem-10902	4	10	affects	affect	VERB
fbem-10902	4	11	corporate	corporate	ADJ
fbem-10902	4	12	green	green	ADJ
fbem-10902	4	13	innovation	innovation	NOUN
fbem-10902	4	14	by	by	ADP
fbem-10902	4	15	enhancing	enhance	VERB
fbem-10902	4	16	the	the	DET
fbem-10902	4	17	level	level	NOUN
fbem-10902	4	18	of	of	ADP
fbem-10902	4	19	corporate	corporate	ADJ
fbem-10902	4	20	risk	risk	NOUN
fbem-10902	4	21	taking	taking	NOUN
fbem-10902	4	22	.	.	PUNCT
fbem-10902	5	1	keywords	keyword	NOUN
fbem-10902	5	2	:	:	PUNCT
fbem-10902	5	3	directors	director	NOUN
fbem-10902	5	4	and	and	CCONJ
fbem-10902	5	5	officers	officer	NOUN
fbem-10902	5	6	liability	liability	NOUN
fbem-10902	5	7	insurance	insurance	NOUN
fbem-10902	5	8	,	,	PUNCT
fbem-10902	5	9	green	green	ADJ
fbem-10902	5	10	innovation	innovation	NOUN
fbem-10902	5	11	,	,	PUNCT
fbem-10902	5	12	corporate	corporate	ADJ
fbem-10902	5	13	risk	risk	NOUN
fbem-10902	5	14	taking	taking	NOUN
fbem-10902	5	15	.	.	PUNCT
fbem-10902	6	1	1	1	X
fbem-10902	6	2	.	.	X
fbem-10902	6	3	introduction	introduction	NOUN
fbem-10902	6	4	with	with	ADP
fbem-10902	6	5	the	the	DET
fbem-10902	6	6	proposal	proposal	NOUN
fbem-10902	6	7	of	of	ADP
fbem-10902	6	8	the	the	DET
fbem-10902	6	9	"	"	PUNCT
fbem-10902	6	10	dual	dual	ADJ
fbem-10902	6	11	-	-	PUNCT
fbem-10902	6	12	carbon	carbon	NOUN
fbem-10902	6	13	"	"	PUNCT
fbem-10902	6	14	goal	goal	NOUN
fbem-10902	6	15	,	,	PUNCT
fbem-10902	6	16	the	the	DET
fbem-10902	6	17	construction	construction	NOUN
fbem-10902	6	18	of	of	ADP
fbem-10902	6	19	china	china	PROPN
fbem-10902	6	20	's	's	PART
fbem-10902	6	21	ecological	ecological	ADJ
fbem-10902	6	22	civilization	civilization	NOUN
fbem-10902	6	23	has	have	AUX
fbem-10902	6	24	entered	enter	VERB
fbem-10902	6	25	a	a	DET
fbem-10902	6	26	critical	critical	ADJ
fbem-10902	6	27	period	period	NOUN
fbem-10902	6	28	in	in	ADP
fbem-10902	6	29	which	which	PRON
fbem-10902	6	30	carbon	carbon	NOUN
fbem-10902	6	31	reduction	reduction	NOUN
fbem-10902	6	32	is	be	AUX
fbem-10902	6	33	the	the	DET
fbem-10902	6	34	key	key	ADJ
fbem-10902	6	35	strategic	strategic	ADJ
fbem-10902	6	36	direction	direction	NOUN
fbem-10902	6	37	and	and	CCONJ
fbem-10902	6	38	comprehensive	comprehensive	ADJ
fbem-10902	6	39	green	green	ADJ
fbem-10902	6	40	transformation	transformation	NOUN
fbem-10902	6	41	of	of	ADP
fbem-10902	6	42	economic	economic	ADJ
fbem-10902	6	43	and	and	CCONJ
fbem-10902	6	44	social	social	ADJ
fbem-10902	6	45	development	development	NOUN
fbem-10902	6	46	is	be	AUX
fbem-10902	6	47	promoted	promote	VERB
fbem-10902	6	48	,	,	PUNCT
fbem-10902	6	49	and	and	CCONJ
fbem-10902	6	50	the	the	DET
fbem-10902	6	51	key	key	ADJ
fbem-10902	6	52	role	role	NOUN
fbem-10902	6	53	of	of	ADP
fbem-10902	6	54	green	green	ADJ
fbem-10902	6	55	technological	technological	ADJ
fbem-10902	6	56	innovation	innovation	NOUN
fbem-10902	6	57	in	in	ADP
fbem-10902	6	58	green	green	ADJ
fbem-10902	6	59	and	and	CCONJ
fbem-10902	6	60	lowcarbon	lowcarbon	NOUN
fbem-10902	6	61	development	development	NOUN
fbem-10902	6	62	has	have	AUX
fbem-10902	6	63	become	become	VERB
fbem-10902	6	64	more	more	ADV
fbem-10902	6	65	and	and	CCONJ
fbem-10902	6	66	more	more	ADV
fbem-10902	6	67	prominent	prominent	ADJ
fbem-10902	6	68	.	.	PUNCT
fbem-10902	7	1	the	the	DET
fbem-10902	7	2	report	report	NOUN
fbem-10902	7	3	of	of	ADP
fbem-10902	7	4	the	the	DET
fbem-10902	7	5	20th	20th	ADJ
fbem-10902	7	6	party	party	NOUN
fbem-10902	7	7	congress	congress	PROPN
fbem-10902	7	8	clearly	clearly	ADV
fbem-10902	7	9	pointed	point	VERB
fbem-10902	7	10	out	out	ADP
fbem-10902	7	11	that	that	SCONJ
fbem-10902	7	12	it	it	PRON
fbem-10902	7	13	is	be	AUX
fbem-10902	7	14	necessary	necessary	ADJ
fbem-10902	7	15	to	to	PART
fbem-10902	7	16	improve	improve	VERB
fbem-10902	7	17	the	the	DET
fbem-10902	7	18	scientific	scientific	ADJ
fbem-10902	7	19	and	and	CCONJ
fbem-10902	7	20	technological	technological	ADJ
fbem-10902	7	21	innovation	innovation	NOUN
fbem-10902	7	22	system	system	NOUN
fbem-10902	7	23	,	,	PUNCT
fbem-10902	7	24	accelerate	accelerate	VERB
fbem-10902	7	25	the	the	DET
fbem-10902	7	26	implementation	implementation	NOUN
fbem-10902	7	27	of	of	ADP
fbem-10902	7	28	the	the	DET
fbem-10902	7	29	innovation	innovation	NOUN
fbem-10902	7	30	-	-	PUNCT
fbem-10902	7	31	driven	drive	VERB
fbem-10902	7	32	development	development	NOUN
fbem-10902	7	33	strategy	strategy	NOUN
fbem-10902	7	34	,	,	PUNCT
fbem-10902	7	35	accelerate	accelerate	VERB
fbem-10902	7	36	the	the	DET
fbem-10902	7	37	research	research	NOUN
fbem-10902	7	38	and	and	CCONJ
fbem-10902	7	39	development	development	NOUN
fbem-10902	7	40	of	of	ADP
fbem-10902	7	41	advanced	advanced	ADJ
fbem-10902	7	42	energy	energy	NOUN
fbem-10902	7	43	-	-	PUNCT
fbem-10902	7	44	saving	save	VERB
fbem-10902	7	45	carbonreducing	carbonreducing	NOUN
fbem-10902	7	46	technologies	technology	NOUN
fbem-10902	7	47	and	and	CCONJ
fbem-10902	7	48	the	the	DET
fbem-10902	7	49	popularization	popularization	NOUN
fbem-10902	7	50	and	and	CCONJ
fbem-10902	7	51	application	application	NOUN
fbem-10902	7	52	of	of	ADP
fbem-10902	7	53	such	such	ADJ
fbem-10902	7	54	technologies	technology	NOUN
fbem-10902	7	55	.	.	PUNCT
fbem-10902	8	1	the	the	DET
fbem-10902	8	2	central	central	ADJ
fbem-10902	8	3	economic	economic	ADJ
fbem-10902	8	4	work	work	NOUN
fbem-10902	8	5	conference	conference	NOUN
fbem-10902	8	6	emphasized	emphasize	VERB
fbem-10902	8	7	the	the	DET
fbem-10902	8	8	need	need	NOUN
fbem-10902	8	9	to	to	PART
fbem-10902	8	10	accelerate	accelerate	VERB
fbem-10902	8	11	the	the	DET
fbem-10902	8	12	research	research	NOUN
fbem-10902	8	13	and	and	CCONJ
fbem-10902	8	14	development	development	NOUN
fbem-10902	8	15	and	and	CCONJ
fbem-10902	8	16	popularization	popularization	NOUN
fbem-10902	8	17	and	and	CCONJ
fbem-10902	8	18	application	application	NOUN
fbem-10902	8	19	of	of	ADP
fbem-10902	8	20	green	green	ADJ
fbem-10902	8	21	and	and	CCONJ
fbem-10902	8	22	low	low	ADJ
fbem-10902	8	23	-	-	PUNCT
fbem-10902	8	24	carbon	carbon	NOUN
fbem-10902	8	25	cutting	cutting	NOUN
fbem-10902	8	26	-	-	PUNCT
fbem-10902	8	27	edge	edge	NOUN
fbem-10902	8	28	technologies	technology	NOUN
fbem-10902	8	29	.	.	PUNCT
fbem-10902	9	1	obviously	obviously	ADV
fbem-10902	9	2	,	,	PUNCT
fbem-10902	9	3	green	green	ADJ
fbem-10902	9	4	development	development	NOUN
fbem-10902	9	5	and	and	CCONJ
fbem-10902	9	6	innovation	innovation	NOUN
fbem-10902	9	7	has	have	AUX
fbem-10902	9	8	become	become	VERB
fbem-10902	9	9	an	an	DET
fbem-10902	9	10	important	important	ADJ
fbem-10902	9	11	concept	concept	NOUN
fbem-10902	9	12	to	to	PART
fbem-10902	9	13	guide	guide	VERB
fbem-10902	9	14	the	the	DET
fbem-10902	9	15	whole	whole	ADJ
fbem-10902	9	16	macroeconomic	macroeconomic	ADJ
fbem-10902	9	17	operation	operation	NOUN
fbem-10902	9	18	and	and	CCONJ
fbem-10902	9	19	high	high	ADJ
fbem-10902	9	20	-	-	PUNCT
fbem-10902	9	21	quality	quality	NOUN
fbem-10902	9	22	development	development	NOUN
fbem-10902	9	23	,	,	PUNCT
fbem-10902	9	24	and	and	CCONJ
fbem-10902	9	25	enterprises	enterprise	NOUN
fbem-10902	9	26	,	,	PUNCT
fbem-10902	9	27	as	as	ADP
fbem-10902	9	28	the	the	DET
fbem-10902	9	29	main	main	ADJ
fbem-10902	9	30	body	body	NOUN
fbem-10902	9	31	of	of	ADP
fbem-10902	9	32	the	the	DET
fbem-10902	9	33	market	market	NOUN
fbem-10902	9	34	economy	economy	NOUN
fbem-10902	9	35	,	,	PUNCT
fbem-10902	9	36	have	have	VERB
fbem-10902	9	37	an	an	DET
fbem-10902	9	38	incumbent	incumbent	ADJ
fbem-10902	9	39	responsibility	responsibility	NOUN
fbem-10902	9	40	in	in	ADP
fbem-10902	9	41	balancing	balance	VERB
fbem-10902	9	42	economic	economic	ADJ
fbem-10902	9	43	and	and	CCONJ
fbem-10902	9	44	environmental	environmental	ADJ
fbem-10902	9	45	benefits	benefit	NOUN
fbem-10902	9	46	.	.	PUNCT
fbem-10902	10	1	however	however	ADV
fbem-10902	10	2	,	,	PUNCT
fbem-10902	10	3	in	in	ADP
fbem-10902	10	4	the	the	DET
fbem-10902	10	5	process	process	NOUN
fbem-10902	10	6	of	of	ADP
fbem-10902	10	7	carrying	carry	VERB
fbem-10902	10	8	out	out	ADP
fbem-10902	10	9	green	green	ADJ
fbem-10902	10	10	innovation	innovation	NOUN
fbem-10902	10	11	activities	activity	NOUN
fbem-10902	10	12	,	,	PUNCT
fbem-10902	10	13	enterprises	enterprise	NOUN
fbem-10902	10	14	need	need	VERB
fbem-10902	10	15	to	to	PART
fbem-10902	10	16	invest	invest	VERB
fbem-10902	10	17	more	more	ADJ
fbem-10902	10	18	resources	resource	NOUN
fbem-10902	10	19	and	and	CCONJ
fbem-10902	10	20	face	face	VERB
fbem-10902	10	21	a	a	DET
fbem-10902	10	22	higher	high	ADJ
fbem-10902	10	23	risk	risk	NOUN
fbem-10902	10	24	of	of	ADP
fbem-10902	10	25	failure	failure	NOUN
fbem-10902	10	26	and	and	CCONJ
fbem-10902	10	27	a	a	DET
fbem-10902	10	28	longer	long	ADJ
fbem-10902	10	29	return	return	NOUN
fbem-10902	10	30	on	on	ADP
fbem-10902	10	31	investment	investment	NOUN
fbem-10902	10	32	period	period	NOUN
fbem-10902	10	33	.	.	PUNCT
fbem-10902	11	1	on	on	ADP
fbem-10902	11	2	the	the	DET
fbem-10902	11	3	one	one	NUM
fbem-10902	11	4	hand	hand	NOUN
fbem-10902	11	5	,	,	PUNCT
fbem-10902	11	6	unlike	unlike	ADP
fbem-10902	11	7	shareholders	shareholder	NOUN
fbem-10902	11	8	pursuing	pursue	VERB
fbem-10902	11	9	the	the	DET
fbem-10902	11	10	long	long	ADJ
fbem-10902	11	11	-	-	PUNCT
fbem-10902	11	12	term	term	NOUN
fbem-10902	11	13	goal	goal	NOUN
fbem-10902	11	14	of	of	ADP
fbem-10902	11	15	corporatization	corporatization	NOUN
fbem-10902	11	16	,	,	PUNCT
fbem-10902	11	17	managers	manager	NOUN
fbem-10902	11	18	tend	tend	VERB
fbem-10902	11	19	to	to	PART
fbem-10902	11	20	have	have	VERB
fbem-10902	11	21	a	a	DET
fbem-10902	11	22	strong	strong	ADJ
fbem-10902	11	23	tendency	tendency	NOUN
fbem-10902	11	24	of	of	ADP
fbem-10902	11	25	wind	wind	NOUN
fbem-10902	11	26	avoidance	avoidance	NOUN
fbem-10902	12	1	[	[	X
fbem-10902	12	2	1	1	NUM
fbem-10902	12	3	]	]	PUNCT
fbem-10902	12	4	(	(	PUNCT
fbem-10902	12	5	hu	hu	PROPN
fbem-10902	12	6	guoliu	guoliu	PROPN
fbem-10902	12	7	and	and	CCONJ
fbem-10902	12	8	hu	hu	PROPN
fbem-10902	12	9	jun	jun	PROPN
fbem-10902	12	10	,	,	PUNCT
fbem-10902	12	11	2017	2017	NUM
fbem-10902	12	12	)	)	PUNCT
fbem-10902	12	13	for	for	ADP
fbem-10902	12	14	the	the	DET
fbem-10902	12	15	consideration	consideration	NOUN
fbem-10902	12	16	of	of	ADP
fbem-10902	12	17	career	career	NOUN
fbem-10902	12	18	development	development	NOUN
fbem-10902	12	19	and	and	CCONJ
fbem-10902	12	20	possible	possible	ADJ
fbem-10902	12	21	litigation	litigation	NOUN
fbem-10902	12	22	risks	risk	NOUN
fbem-10902	12	23	and	and	CCONJ
fbem-10902	12	24	property	property	NOUN
fbem-10902	12	25	compensation	compensation	NOUN
fbem-10902	12	26	,	,	PUNCT
fbem-10902	12	27	and	and	CCONJ
fbem-10902	12	28	are	be	AUX
fbem-10902	12	29	unwilling	unwilling	ADJ
fbem-10902	12	30	to	to	PART
fbem-10902	12	31	choose	choose	VERB
fbem-10902	12	32	high	high	ADJ
fbem-10902	12	33	-	-	PUNCT
fbem-10902	12	34	risk	risk	NOUN
fbem-10902	12	35	and	and	CCONJ
fbem-10902	12	36	high	high	ADJ
fbem-10902	12	37	-	-	PUNCT
fbem-10902	12	38	yield	yield	NOUN
fbem-10902	12	39	green	green	ADJ
fbem-10902	12	40	innovation	innovation	NOUN
fbem-10902	12	41	activities	activity	NOUN
fbem-10902	12	42	,	,	PUNCT
fbem-10902	12	43	resulting	result	VERB
fbem-10902	12	44	in	in	ADP
fbem-10902	12	45	insufficient	insufficient	ADJ
fbem-10902	12	46	motivation	motivation	NOUN
fbem-10902	12	47	for	for	ADP
fbem-10902	12	48	green	green	ADJ
fbem-10902	12	49	innovation	innovation	NOUN
fbem-10902	12	50	in	in	ADP
fbem-10902	12	51	the	the	DET
fbem-10902	12	52	enterprise	enterprise	NOUN
fbem-10902	12	53	;	;	PUNCT
fbem-10902	12	54	on	on	ADP
fbem-10902	12	55	the	the	DET
fbem-10902	12	56	other	other	ADJ
fbem-10902	12	57	hand	hand	NOUN
fbem-10902	12	58	,	,	PUNCT
fbem-10902	12	59	in	in	ADP
fbem-10902	12	60	the	the	DET
fbem-10902	12	61	background	background	NOUN
fbem-10902	12	62	of	of	ADP
fbem-10902	12	63	the	the	DET
fbem-10902	12	64	separation	separation	NOUN
fbem-10902	12	65	of	of	ADP
fbem-10902	12	66	the	the	DET
fbem-10902	12	67	two	two	NUM
fbem-10902	12	68	powers	power	NOUN
fbem-10902	12	69	,	,	PUNCT
fbem-10902	12	70	due	due	ADP
fbem-10902	12	71	to	to	ADP
fbem-10902	12	72	the	the	DET
fbem-10902	12	73	information	information	NOUN
fbem-10902	12	74	asymmetry	asymmetry	NOUN
fbem-10902	12	75	and	and	CCONJ
fbem-10902	12	76	lack	lack	NOUN
fbem-10902	12	77	of	of	ADP
fbem-10902	12	78	effective	effective	ADJ
fbem-10902	12	79	supervision	supervision	NOUN
fbem-10902	12	80	,	,	PUNCT
fbem-10902	12	81	it	it	PRON
fbem-10902	12	82	will	will	AUX
fbem-10902	12	83	trigger	trigger	VERB
fbem-10902	12	84	the	the	DET
fbem-10902	12	85	moral	moral	ADJ
fbem-10902	12	86	hazard	hazard	NOUN
fbem-10902	12	87	behavior	behavior	NOUN
fbem-10902	12	88	of	of	ADP
fbem-10902	12	89	management	management	NOUN
fbem-10902	12	90	,	,	PUNCT
fbem-10902	12	91	and	and	CCONJ
fbem-10902	12	92	there	there	PRON
fbem-10902	12	93	may	may	AUX
fbem-10902	12	94	be	be	AUX
fbem-10902	12	95	a	a	DET
fbem-10902	12	96	situation	situation	NOUN
fbem-10902	12	97	in	in	ADP
fbem-10902	12	98	which	which	PRON
fbem-10902	12	99	managers	manager	NOUN
fbem-10902	12	100	misappropriated	misappropriate	VERB
fbem-10902	12	101	green	green	ADJ
fbem-10902	12	102	innovation	innovation	NOUN
fbem-10902	12	103	resources	resource	NOUN
fbem-10902	12	104	,	,	PUNCT
fbem-10902	12	105	leading	lead	VERB
fbem-10902	12	106	to	to	ADP
fbem-10902	12	107	a	a	DET
fbem-10902	12	108	decline	decline	NOUN
fbem-10902	12	109	in	in	ADP
fbem-10902	12	110	green	green	ADJ
fbem-10902	12	111	innovation	innovation	NOUN
fbem-10902	12	112	efficiency	efficiency	NOUN
fbem-10902	13	1	[	[	X
fbem-10902	13	2	2	2	NUM
fbem-10902	13	3	]	]	PUNCT
fbem-10902	13	4	(	(	PUNCT
fbem-10902	13	5	wang	wang	PROPN
fbem-10902	13	6	xu	xu	PROPN
fbem-10902	13	7	and	and	CCONJ
fbem-10902	13	8	wang	wang	PROPN
fbem-10902	13	9	lan	lan	PROPN
fbem-10902	13	10	,	,	PUNCT
fbem-10902	13	11	2020	2020	NUM
fbem-10902	13	12	)	)	PUNCT
fbem-10902	13	13	.	.	PUNCT
fbem-10902	14	1	therefore	therefore	ADV
fbem-10902	14	2	,	,	PUNCT
fbem-10902	14	3	the	the	DET
fbem-10902	14	4	lack	lack	NOUN
fbem-10902	14	5	of	of	ADP
fbem-10902	14	6	green	green	ADJ
fbem-10902	14	7	innovation	innovation	NOUN
fbem-10902	14	8	motivation	motivation	NOUN
fbem-10902	14	9	and	and	CCONJ
fbem-10902	14	10	moral	moral	ADJ
fbem-10902	14	11	risk	risk	NOUN
fbem-10902	14	12	have	have	AUX
fbem-10902	14	13	become	become	VERB
fbem-10902	14	14	the	the	DET
fbem-10902	14	15	two	two	NUM
fbem-10902	14	16	major	major	ADJ
fbem-10902	14	17	problems	problem	NOUN
fbem-10902	14	18	restricting	restrict	VERB
fbem-10902	14	19	the	the	DET
fbem-10902	14	20	green	green	ADJ
fbem-10902	14	21	innovation	innovation	NOUN
fbem-10902	14	22	of	of	ADP
fbem-10902	14	23	enterprises	enterprise	NOUN
fbem-10902	14	24	,	,	PUNCT
fbem-10902	14	25	leading	lead	VERB
fbem-10902	14	26	to	to	ADP
fbem-10902	14	27	the	the	DET
fbem-10902	14	28	deviation	deviation	NOUN
fbem-10902	14	29	of	of	ADP
fbem-10902	14	30	green	green	ADJ
fbem-10902	14	31	innovation	innovation	NOUN
fbem-10902	14	32	effect	effect	NOUN
fbem-10902	14	33	from	from	ADP
fbem-10902	14	34	the	the	DET
fbem-10902	14	35	expected	expect	VERB
fbem-10902	14	36	value	value	NOUN
fbem-10902	14	37	.	.	PUNCT
fbem-10902	15	1	as	as	ADP
fbem-10902	15	2	an	an	DET
fbem-10902	15	3	emerging	emerge	VERB
fbem-10902	15	4	external	external	ADJ
fbem-10902	15	5	governance	governance	NOUN
fbem-10902	15	6	mechanism	mechanism	NOUN
fbem-10902	15	7	,	,	PUNCT
fbem-10902	15	8	directors	director	NOUN
fbem-10902	15	9	'	'	PART
fbem-10902	15	10	and	and	CCONJ
fbem-10902	15	11	officers	officer	NOUN
fbem-10902	15	12	'	'	PART
fbem-10902	15	13	liability	liability	NOUN
fbem-10902	15	14	insurance	insurance	NOUN
fbem-10902	15	15	(	(	PUNCT
fbem-10902	15	16	hereinafter	hereinafter	NOUN
fbem-10902	15	17	referred	refer	VERB
fbem-10902	15	18	to	to	ADP
fbem-10902	15	19	as	as	ADP
fbem-10902	15	20	"	"	PUNCT
fbem-10902	15	21	directors	director	NOUN
fbem-10902	15	22	'	'	PART
fbem-10902	15	23	and	and	CCONJ
fbem-10902	15	24	officers	officer	NOUN
fbem-10902	15	25	'	'	PART
fbem-10902	15	26	liability	liability	NOUN
fbem-10902	15	27	insurance	insurance	NOUN
fbem-10902	15	28	"	"	PUNCT
fbem-10902	15	29	)	)	PUNCT
fbem-10902	15	30	refers	refer	VERB
fbem-10902	15	31	to	to	ADP
fbem-10902	15	32	compensating	compensate	VERB
fbem-10902	15	33	the	the	DET
fbem-10902	15	34	directors	director	NOUN
fbem-10902	15	35	,	,	PUNCT
fbem-10902	15	36	supervisors	supervisor	NOUN
fbem-10902	15	37	and	and	CCONJ
fbem-10902	15	38	executives	executive	NOUN
fbem-10902	15	39	of	of	ADP
fbem-10902	15	40	a	a	DET
fbem-10902	15	41	company	company	NOUN
fbem-10902	15	42	for	for	ADP
fbem-10902	15	43	misconduct	misconduct	NOUN
fbem-10902	15	44	in	in	ADP
fbem-10902	15	45	the	the	DET
fbem-10902	15	46	course	course	NOUN
fbem-10902	15	47	of	of	ADP
fbem-10902	15	48	performing	perform	VERB
fbem-10902	15	49	their	their	PRON
fbem-10902	15	50	duties	duty	NOUN
fbem-10902	15	51	and	and	CCONJ
fbem-10902	15	52	providing	provide	VERB
fbem-10902	15	53	protection	protection	NOUN
fbem-10902	15	54	for	for	ADP
fbem-10902	15	55	the	the	DET
fbem-10902	15	56	liability	liability	NOUN
fbem-10902	15	57	risks	risk	NOUN
fbem-10902	15	58	they	they	PRON
fbem-10902	15	59	may	may	AUX
fbem-10902	15	60	incur.the	incur.the	DET
fbem-10902	15	61	enhancement	enhancement	NOUN
fbem-10902	15	62	of	of	ADP
fbem-10902	15	63	the	the	DET
fbem-10902	15	64	civil	civil	ADJ
fbem-10902	15	65	liability	liability	NOUN
fbem-10902	15	66	of	of	ADP
fbem-10902	15	67	securities	security	NOUN
fbem-10902	15	68	in	in	ADP
fbem-10902	15	69	the	the	DET
fbem-10902	15	70	new	new	ADJ
fbem-10902	15	71	securities	security	NOUN
fbem-10902	15	72	law	law	NOUN
fbem-10902	15	73	in	in	ADP
fbem-10902	15	74	2019	2019	NUM
fbem-10902	15	75	and	and	CCONJ
fbem-10902	15	76	the	the	DET
fbem-10902	15	77	improvement	improvement	NOUN
fbem-10902	15	78	of	of	ADP
fbem-10902	15	79	the	the	DET
fbem-10902	15	80	civil	civil	ADJ
fbem-10902	15	81	litigation	litigation	NOUN
fbem-10902	15	82	system	system	NOUN
fbem-10902	15	83	of	of	ADP
fbem-10902	15	84	securities	security	NOUN
fbem-10902	15	85	have	have	AUX
fbem-10902	15	86	significantly	significantly	ADV
fbem-10902	15	87	improved	improve	VERB
fbem-10902	15	88	the	the	DET
fbem-10902	15	89	civil	civil	ADJ
fbem-10902	15	90	liability	liability	NOUN
fbem-10902	15	91	of	of	ADP
fbem-10902	15	92	securities	security	NOUN
fbem-10902	15	93	,	,	PUNCT
fbem-10902	15	94	and	and	CCONJ
fbem-10902	15	95	the	the	DET
fbem-10902	15	96	new	new	ADJ
fbem-10902	15	97	securities	security	NOUN
fbem-10902	15	98	law	law	NOUN
fbem-10902	15	99	has	have	AUX
fbem-10902	15	100	also	also	ADV
fbem-10902	15	101	improved	improve	VERB
fbem-10902	15	102	the	the	DET
fbem-10902	15	103	civil	civil	ADJ
fbem-10902	15	104	litigation	litigation	NOUN
fbem-10902	15	105	system	system	NOUN
fbem-10902	15	106	of	of	ADP
fbem-10902	15	107	securities	security	NOUN
fbem-10902	15	108	.	.	PUNCT
fbem-10902	16	1	securities	security	NOUN
fbem-10902	16	2	civil	civil	ADJ
fbem-10902	16	3	litigation	litigation	NOUN
fbem-10902	16	4	system	system	NOUN
fbem-10902	16	5	have	have	AUX
fbem-10902	16	6	significantly	significantly	ADV
fbem-10902	16	7	increased	increase	VERB
fbem-10902	16	8	the	the	DET
fbem-10902	16	9	penalties	penalty	NOUN
fbem-10902	16	10	for	for	ADP
fbem-10902	16	11	unlawful	unlawful	ADJ
fbem-10902	16	12	acts	act	NOUN
fbem-10902	16	13	of	of	ADP
fbem-10902	16	14	listed	list	VERB
fbem-10902	16	15	companies	company	NOUN
fbem-10902	16	16	and	and	CCONJ
fbem-10902	16	17	directors	director	NOUN
fbem-10902	16	18	and	and	CCONJ
fbem-10902	16	19	supervisors	supervisor	NOUN
fbem-10902	16	20	,	,	PUNCT
fbem-10902	16	21	as	as	ADV
fbem-10902	16	22	well	well	ADV
fbem-10902	16	23	as	as	ADP
fbem-10902	16	24	the	the	DET
fbem-10902	16	25	likelihood	likelihood	NOUN
fbem-10902	16	26	of	of	ADP
fbem-10902	16	27	their	their	PRON
fbem-10902	16	28	exposure	exposure	NOUN
fbem-10902	16	29	to	to	ADP
fbem-10902	16	30	litigation	litigation	NOUN
fbem-10902	16	31	risks	risk	NOUN
fbem-10902	16	32	.	.	PUNCT
fbem-10902	17	1	as	as	ADP
fbem-10902	17	2	a	a	DET
fbem-10902	17	3	result	result	NOUN
fbem-10902	17	4	,	,	PUNCT
fbem-10902	17	5	the	the	DET
fbem-10902	17	6	demand	demand	NOUN
fbem-10902	17	7	for	for	ADP
fbem-10902	17	8	directors	director	NOUN
fbem-10902	17	9	'	'	PART
fbem-10902	17	10	liability	liability	NOUN
fbem-10902	17	11	insurance	insurance	NOUN
fbem-10902	17	12	by	by	ADP
fbem-10902	17	13	listed	list	VERB
fbem-10902	17	14	companies	company	NOUN
fbem-10902	17	15	has	have	AUX
fbem-10902	17	16	gradually	gradually	ADV
fbem-10902	17	17	increased	increase	VERB
fbem-10902	17	18	,	,	PUNCT
fbem-10902	17	19	and	and	CCONJ
fbem-10902	17	20	the	the	DET
fbem-10902	17	21	number	number	NOUN
fbem-10902	17	22	of	of	ADP
fbem-10902	17	23	companies	company	NOUN
fbem-10902	17	24	subscribing	subscribe	VERB
fbem-10902	17	25	to	to	ADP
fbem-10902	17	26	directors	director	NOUN
fbem-10902	17	27	'	'	PART
fbem-10902	17	28	liability	liability	NOUN
fbem-10902	17	29	insurance	insurance	NOUN
fbem-10902	17	30	has	have	AUX
fbem-10902	17	31	continued	continue	VERB
fbem-10902	17	32	to	to	PART
fbem-10902	17	33	rise	rise	VERB
fbem-10902	17	34	,	,	PUNCT
fbem-10902	17	35	which	which	PRON
fbem-10902	17	36	has	have	AUX
fbem-10902	17	37	also	also	ADV
fbem-10902	17	38	aroused	arouse	VERB
fbem-10902	17	39	the	the	DET
fbem-10902	17	40	attention	attention	NOUN
fbem-10902	17	41	of	of	ADP
fbem-10902	17	42	the	the	DET
fbem-10902	17	43	industry	industry	NOUN
fbem-10902	17	44	and	and	CCONJ
fbem-10902	17	45	academia	academia	NOUN
fbem-10902	17	46	to	to	ADP
fbem-10902	17	47	directors	director	NOUN
fbem-10902	17	48	'	'	PART
fbem-10902	17	49	liability	liability	NOUN
fbem-10902	17	50	insurance	insurance	NOUN
fbem-10902	17	51	.	.	PUNCT
fbem-10902	18	1	existing	exist	VERB
fbem-10902	18	2	studies	study	NOUN
fbem-10902	18	3	have	have	AUX
fbem-10902	18	4	shown	show	VERB
fbem-10902	18	5	that	that	SCONJ
fbem-10902	18	6	the	the	DET
fbem-10902	18	7	introduction	introduction	NOUN
fbem-10902	18	8	of	of	ADP
fbem-10902	18	9	directors	director	NOUN
fbem-10902	18	10	'	'	PART
fbem-10902	18	11	liability	liability	NOUN
fbem-10902	18	12	insurance	insurance	NOUN
fbem-10902	18	13	can	can	AUX
fbem-10902	18	14	hedge	hedge	VERB
fbem-10902	18	15	the	the	DET
fbem-10902	18	16	practice	practice	NOUN
fbem-10902	18	17	risk	risk	NOUN
fbem-10902	18	18	of	of	ADP
fbem-10902	18	19	managers	manager	NOUN
fbem-10902	18	20	,	,	PUNCT
fbem-10902	18	21	improve	improve	VERB
fbem-10902	18	22	the	the	DET
fbem-10902	18	23	risk	risk	NOUN
fbem-10902	18	24	-	-	PUNCT
fbem-10902	18	25	taking	take	VERB
fbem-10902	18	26	level	level	NOUN
fbem-10902	18	27	of	of	ADP
fbem-10902	18	28	enterprises	enterprise	NOUN
fbem-10902	18	29	[	[	X
fbem-10902	18	30	1	1	X
fbem-10902	18	31	]	]	PUNCT
fbem-10902	18	32	(	(	PUNCT
fbem-10902	18	33	guoliu	guoliu	PROPN
fbem-10902	18	34	hu	hu	PROPN
fbem-10902	18	35	and	and	CCONJ
fbem-10902	18	36	jun	jun	PROPN
fbem-10902	18	37	hu	hu	PROPN
fbem-10902	18	38	,	,	PUNCT
fbem-10902	18	39	2017	2017	NUM
fbem-10902	18	40	)	)	PUNCT
fbem-10902	18	41	,	,	PUNCT
fbem-10902	18	42	and	and	CCONJ
fbem-10902	18	43	stimulate	stimulate	VERB
fbem-10902	18	44	the	the	DET
fbem-10902	18	45	innovation	innovation	NOUN
fbem-10902	18	46	motivation	motivation	NOUN
fbem-10902	18	47	of	of	ADP
fbem-10902	18	48	executives	executive	NOUN
fbem-10902	18	49	[	[	X
fbem-10902	18	50	3	3	NUM
fbem-10902	18	51	]	]	PUNCT
fbem-10902	18	52	(	(	PUNCT
fbem-10902	18	53	donghua	donghua	PROPN
fbem-10902	18	54	zhou	zhou	PROPN
fbem-10902	18	55	,	,	PUNCT
fbem-10902	18	56	2022	2022	NUM
fbem-10902	18	57	)	)	PUNCT
fbem-10902	18	58	;	;	PUNCT
fbem-10902	18	59	at	at	ADP
fbem-10902	18	60	the	the	DET
fbem-10902	18	61	same	same	ADJ
fbem-10902	18	62	time	time	NOUN
fbem-10902	18	63	,	,	PUNCT
fbem-10902	18	64	the	the	DET
fbem-10902	18	65	directors	director	NOUN
fbem-10902	18	66	'	'	PART
fbem-10902	18	67	liability	liability	NOUN
fbem-10902	18	68	insurance	insurance	NOUN
fbem-10902	18	69	also	also	ADV
fbem-10902	18	70	plays	play	VERB
fbem-10902	18	71	an	an	DET
fbem-10902	18	72	external	external	ADJ
fbem-10902	18	73	supervisory	supervisory	ADJ
fbem-10902	18	74	role	role	NOUN
fbem-10902	18	75	[	[	X
fbem-10902	18	76	4	4	X
fbem-10902	18	77	]	]	X
fbem-10902	18	78	(	(	PUNCT
fbem-10902	18	79	liou	liou	NOUN
fbem-10902	18	80	,	,	PUNCT
fbem-10902	18	81	2016	2016	NUM
fbem-10902	18	82	)	)	PUNCT
fbem-10902	18	83	,	,	PUNCT
fbem-10902	18	84	and	and	CCONJ
fbem-10902	18	85	reduces	reduce	VERB
fbem-10902	18	86	the	the	DET
fbem-10902	18	87	shareholders	shareholder	NOUN
fbem-10902	18	88	and	and	CCONJ
fbem-10902	18	89	executives	executive	NOUN
fbem-10902	18	90	by	by	ADP
fbem-10902	18	91	mitigating	mitigate	VERB
fbem-10902	18	92	the	the	DET
fbem-10902	18	93	first	first	ADJ
fbem-10902	18	94	type	type	NOUN
fbem-10902	18	95	of	of	ADP
fbem-10902	18	96	agency	agency	NOUN
fbem-10902	18	97	conflict	conflict	NOUN
fbem-10902	18	98	agency	agency	NOUN
fbem-10902	18	99	costs	cost	NOUN
fbem-10902	18	100	between	between	ADP
fbem-10902	18	101	shareholders	shareholder	NOUN
fbem-10902	18	102	and	and	CCONJ
fbem-10902	18	103	executives	executive	NOUN
fbem-10902	18	104	[	[	X
fbem-10902	18	105	5	5	NUM
fbem-10902	18	106	]	]	PUNCT
fbem-10902	18	107	(	(	PUNCT
fbem-10902	18	108	xu	xu	INTJ
fbem-10902	18	109	rong	rong	PROPN
fbem-10902	18	110	and	and	CCONJ
fbem-10902	18	111	wang	wang	PROPN
fbem-10902	18	112	jie	jie	PROPN
fbem-10902	18	113	,	,	PUNCT
fbem-10902	18	114	2012	2012	NUM
fbem-10902	18	115	)	)	PUNCT
fbem-10902	18	116	,	,	PUNCT
fbem-10902	18	117	and	and	CCONJ
fbem-10902	18	118	improve	improve	VERB
fbem-10902	18	119	governance	governance	NOUN
fbem-10902	18	120	efficiency	efficiency	NOUN
fbem-10902	18	121	.	.	PUNCT
fbem-10902	19	1	this	this	PRON
fbem-10902	19	2	facilitates	facilitate	VERB
fbem-10902	19	3	the	the	DET
fbem-10902	19	4	development	development	NOUN
fbem-10902	19	5	of	of	ADP
fbem-10902	19	6	corporate	corporate	ADJ
fbem-10902	19	7	green	green	ADJ
fbem-10902	19	8	innovation	innovation	NOUN
fbem-10902	19	9	activities	activity	NOUN
fbem-10902	19	10	[	[	X
fbem-10902	19	11	6	6	NUM
fbem-10902	19	12	]	]	X
fbem-10902	19	13	(	(	PUNCT
fbem-10902	19	14	xiao	xiao	PROPN
fbem-10902	19	15	xiaohong	xiaohong	PROPN
fbem-10902	19	16	and	and	CCONJ
fbem-10902	19	17	pan	pan	PROPN
fbem-10902	19	18	yuya	yuya	PROPN
fbem-10902	19	19	,	,	PUNCT
fbem-10902	19	20	2021	2021	NUM
fbem-10902	19	21	)	)	PUNCT
fbem-10902	19	22	and	and	CCONJ
fbem-10902	19	23	in	in	ADP
fbem-10902	19	24	which	which	PRON
fbem-10902	19	25	internal	internal	ADJ
fbem-10902	19	26	control	control	NOUN
fbem-10902	19	27	(	(	PUNCT
fbem-10902	19	28	gao	gao	PROPN
fbem-10902	19	29	kai	kai	PROPN
fbem-10902	19	30	,	,	PUNCT
fbem-10902	19	31	2022	2022	NUM
fbem-10902	19	32	)	)	PUNCT
fbem-10902	19	33	and	and	CCONJ
fbem-10902	19	34	financing	financing	NOUN
fbem-10902	19	35	constraints	constraint	NOUN
fbem-10902	19	36	(	(	PUNCT
fbem-10902	19	37	zhang	zhang	PROPN
fbem-10902	19	38	ruizang	ruizang	PROPN
fbem-10902	19	39	,	,	PUNCT
fbem-10902	19	40	2023	2023	NUM
fbem-10902	19	41	)	)	PUNCT
fbem-10902	19	42	play	play	VERB
fbem-10902	19	43	the	the	DET
fbem-10902	19	44	role	role	NOUN
fbem-10902	19	45	of	of	ADP
fbem-10902	19	46	intermediary	intermediary	ADJ
fbem-10902	19	47	mechanisms	mechanism	NOUN
fbem-10902	19	48	.	.	PUNCT
fbem-10902	20	1	therefore	therefore	ADV
fbem-10902	20	2	,	,	PUNCT
fbem-10902	20	3	it	it	PRON
fbem-10902	20	4	is	be	AUX
fbem-10902	20	5	particularly	particularly	ADV
fbem-10902	20	6	important	important	ADJ
fbem-10902	20	7	to	to	PART
fbem-10902	20	8	incentivize	incentivize	VERB
fbem-10902	20	9	corporate	corporate	ADJ
fbem-10902	20	10	green	green	ADJ
fbem-10902	20	11	innovation	innovation	NOUN
fbem-10902	20	12	with	with	ADP
fbem-10902	20	13	the	the	DET
fbem-10902	20	14	175	175	NUM
fbem-10902	20	15	help	help	NOUN
fbem-10902	20	16	of	of	ADP
fbem-10902	20	17	the	the	DET
fbem-10902	20	18	external	external	ADJ
fbem-10902	20	19	mechanism	mechanism	NOUN
fbem-10902	20	20	of	of	ADP
fbem-10902	20	21	directors	director	NOUN
fbem-10902	20	22	'	'	PART
fbem-10902	20	23	liability	liability	NOUN
fbem-10902	20	24	insurance	insurance	NOUN
fbem-10902	20	25	,	,	PUNCT
fbem-10902	20	26	and	and	CCONJ
fbem-10902	20	27	it	it	PRON
fbem-10902	20	28	has	have	AUX
fbem-10902	20	29	become	become	VERB
fbem-10902	20	30	the	the	DET
fbem-10902	20	31	focus	focus	NOUN
fbem-10902	20	32	of	of	ADP
fbem-10902	20	33	research	research	NOUN
fbem-10902	20	34	to	to	PART
fbem-10902	20	35	explore	explore	VERB
fbem-10902	20	36	the	the	DET
fbem-10902	20	37	relationship	relationship	NOUN
fbem-10902	20	38	between	between	ADP
fbem-10902	20	39	directors	director	NOUN
fbem-10902	20	40	'	'	PART
fbem-10902	20	41	liability	liability	NOUN
fbem-10902	20	42	insurance	insurance	NOUN
fbem-10902	20	43	and	and	CCONJ
fbem-10902	20	44	corporate	corporate	ADJ
fbem-10902	20	45	green	green	ADJ
fbem-10902	20	46	innovation	innovation	NOUN
fbem-10902	20	47	in	in	ADP
fbem-10902	20	48	depth	depth	NOUN
fbem-10902	20	49	.	.	PUNCT
fbem-10902	21	1	this	this	DET
fbem-10902	21	2	paper	paper	NOUN
fbem-10902	21	3	examines	examine	VERB
fbem-10902	21	4	the	the	DET
fbem-10902	21	5	impact	impact	NOUN
fbem-10902	21	6	of	of	ADP
fbem-10902	21	7	directors	director	NOUN
fbem-10902	21	8	'	'	PART
fbem-10902	21	9	liability	liability	NOUN
fbem-10902	21	10	insurance	insurance	NOUN
fbem-10902	21	11	on	on	ADP
fbem-10902	21	12	corporate	corporate	ADJ
fbem-10902	21	13	risk	risk	NOUN
fbem-10902	21	14	-	-	PUNCT
fbem-10902	21	15	taking	taking	NOUN
fbem-10902	21	16	and	and	CCONJ
fbem-10902	21	17	corporate	corporate	ADJ
fbem-10902	21	18	green	green	ADJ
fbem-10902	21	19	innovation	innovation	NOUN
fbem-10902	21	20	through	through	ADP
fbem-10902	21	21	empirical	empirical	ADJ
fbem-10902	21	22	research	research	NOUN
fbem-10902	21	23	using	use	VERB
fbem-10902	21	24	a	a	DET
fbem-10902	21	25	sample	sample	NOUN
fbem-10902	21	26	of	of	ADP
fbem-10902	21	27	chinese	chinese	ADJ
fbem-10902	21	28	a	a	DET
fbem-10902	21	29	-	-	PUNCT
fbem-10902	21	30	share	share	NOUN
fbem-10902	21	31	listed	list	VERB
fbem-10902	21	32	companies	company	NOUN
fbem-10902	21	33	in	in	ADP
fbem-10902	21	34	shanghai	shanghai	PROPN
fbem-10902	21	35	and	and	CCONJ
fbem-10902	21	36	shenzhen	shenzhen	PROPN
fbem-10902	21	37	from	from	ADP
fbem-10902	21	38	2010	2010	NUM
fbem-10902	21	39	to	to	ADP
fbem-10902	21	40	2021	2021	NUM
fbem-10902	21	41	.	.	PUNCT
fbem-10902	22	1	the	the	DET
fbem-10902	22	2	results	result	NOUN
fbem-10902	22	3	show	show	VERB
fbem-10902	22	4	that	that	SCONJ
fbem-10902	22	5	the	the	DET
fbem-10902	22	6	introduction	introduction	NOUN
fbem-10902	22	7	of	of	ADP
fbem-10902	22	8	directors	director	NOUN
fbem-10902	22	9	'	'	PART
fbem-10902	22	10	liability	liability	NOUN
fbem-10902	22	11	insurance	insurance	NOUN
fbem-10902	22	12	promotes	promote	VERB
fbem-10902	22	13	corporate	corporate	ADJ
fbem-10902	22	14	green	green	ADJ
fbem-10902	22	15	innovation	innovation	NOUN
fbem-10902	22	16	,	,	PUNCT
fbem-10902	22	17	in	in	ADP
fbem-10902	22	18	which	which	PRON
fbem-10902	22	19	corporate	corporate	ADJ
fbem-10902	22	20	risk	risk	NOUN
fbem-10902	22	21	-	-	PUNCT
fbem-10902	22	22	taking	taking	NOUN
fbem-10902	22	23	plays	play	VERB
fbem-10902	22	24	the	the	DET
fbem-10902	22	25	role	role	NOUN
fbem-10902	22	26	of	of	ADP
fbem-10902	22	27	intermediary	intermediary	ADJ
fbem-10902	22	28	mechanism	mechanism	NOUN
fbem-10902	22	29	.	.	PUNCT
fbem-10902	23	1	compared	compare	VERB
fbem-10902	23	2	with	with	ADP
fbem-10902	23	3	previous	previous	ADJ
fbem-10902	23	4	studies	study	NOUN
fbem-10902	23	5	,	,	PUNCT
fbem-10902	23	6	the	the	DET
fbem-10902	23	7	contingent	contingent	ADJ
fbem-10902	23	8	contribution	contribution	NOUN
fbem-10902	23	9	of	of	ADP
fbem-10902	23	10	this	this	DET
fbem-10902	23	11	paper	paper	NOUN
fbem-10902	23	12	may	may	AUX
fbem-10902	23	13	be	be	AUX
fbem-10902	23	14	:	:	PUNCT
fbem-10902	23	15	enriching	enrich	VERB
fbem-10902	23	16	the	the	DET
fbem-10902	23	17	research	research	NOUN
fbem-10902	23	18	in	in	ADP
fbem-10902	23	19	the	the	DET
fbem-10902	23	20	area	area	NOUN
fbem-10902	23	21	of	of	ADP
fbem-10902	23	22	director	director	NOUN
fbem-10902	23	23	's	's	PART
fbem-10902	23	24	liability	liability	NOUN
fbem-10902	23	25	insurance	insurance	NOUN
fbem-10902	23	26	and	and	CCONJ
fbem-10902	23	27	corporate	corporate	ADJ
fbem-10902	23	28	green	green	ADJ
fbem-10902	23	29	innovation	innovation	NOUN
fbem-10902	23	30	,	,	PUNCT
fbem-10902	23	31	and	and	CCONJ
fbem-10902	23	32	analyzing	analyze	VERB
fbem-10902	23	33	in	in	ADP
fbem-10902	23	34	depth	depth	NOUN
fbem-10902	23	35	the	the	DET
fbem-10902	23	36	influence	influence	NOUN
fbem-10902	23	37	mechanism	mechanism	NOUN
fbem-10902	23	38	of	of	ADP
fbem-10902	23	39	director	director	NOUN
fbem-10902	23	40	's	's	PART
fbem-10902	23	41	liability	liability	NOUN
fbem-10902	23	42	insurance	insurance	NOUN
fbem-10902	23	43	on	on	ADP
fbem-10902	23	44	corporate	corporate	ADJ
fbem-10902	23	45	green	green	ADJ
fbem-10902	23	46	innovation	innovation	NOUN
fbem-10902	23	47	through	through	ADP
fbem-10902	23	48	the	the	DET
fbem-10902	23	49	path	path	NOUN
fbem-10902	23	50	of	of	ADP
fbem-10902	23	51	corporate	corporate	ADJ
fbem-10902	23	52	risk	risk	NOUN
fbem-10902	23	53	taking	taking	NOUN
fbem-10902	23	54	.	.	PUNCT
fbem-10902	24	1	2	2	X
fbem-10902	24	2	.	.	X
fbem-10902	24	3	literature	literature	NOUN
fbem-10902	24	4	review	review	PROPN
fbem-10902	24	5	and	and	CCONJ
fbem-10902	24	6	research	research	NOUN
fbem-10902	24	7	hypotheses	hypothesis	NOUN
fbem-10902	24	8	2.1	2.1	NUM
fbem-10902	24	9	.	.	PUNCT
fbem-10902	25	1	directors	director	NOUN
fbem-10902	25	2	'	'	PART
fbem-10902	25	3	liability	liability	NOUN
fbem-10902	25	4	insurance	insurance	NOUN
fbem-10902	25	5	and	and	CCONJ
fbem-10902	25	6	corporate	corporate	ADJ
fbem-10902	25	7	green	green	ADJ
fbem-10902	25	8	innovation	innovation	NOUN
fbem-10902	25	9	directors	director	NOUN
fbem-10902	25	10	'	'	PART
fbem-10902	25	11	liability	liability	NOUN
fbem-10902	25	12	insurance	insurance	NOUN
fbem-10902	25	13	is	be	AUX
fbem-10902	25	14	a	a	DET
fbem-10902	25	15	kind	kind	NOUN
fbem-10902	25	16	of	of	ADP
fbem-10902	25	17	professional	professional	ADJ
fbem-10902	25	18	indemnity	indemnity	NOUN
fbem-10902	25	19	insurance	insurance	NOUN
fbem-10902	25	20	,	,	PUNCT
fbem-10902	25	21	which	which	PRON
fbem-10902	25	22	can	can	AUX
fbem-10902	25	23	provide	provide	VERB
fbem-10902	25	24	protection	protection	NOUN
fbem-10902	25	25	for	for	ADP
fbem-10902	25	26	the	the	DET
fbem-10902	25	27	liability	liability	NOUN
fbem-10902	25	28	risks	risk	NOUN
fbem-10902	25	29	that	that	PRON
fbem-10902	25	30	may	may	AUX
fbem-10902	25	31	arise	arise	VERB
fbem-10902	25	32	from	from	ADP
fbem-10902	25	33	the	the	DET
fbem-10902	25	34	misconduct	misconduct	NOUN
fbem-10902	25	35	of	of	ADP
fbem-10902	25	36	directors	director	NOUN
fbem-10902	25	37	,	,	PUNCT
fbem-10902	25	38	supervisors	supervisor	NOUN
fbem-10902	25	39	and	and	CCONJ
fbem-10902	25	40	executives	executive	NOUN
fbem-10902	25	41	of	of	ADP
fbem-10902	25	42	a	a	DET
fbem-10902	25	43	company	company	NOUN
fbem-10902	25	44	in	in	ADP
fbem-10902	25	45	the	the	DET
fbem-10902	25	46	course	course	NOUN
fbem-10902	25	47	of	of	ADP
fbem-10902	25	48	their	their	PRON
fbem-10902	25	49	duties	duty	NOUN
fbem-10902	25	50	.	.	PUNCT
fbem-10902	26	1	the	the	DET
fbem-10902	26	2	implementation	implementation	NOUN
fbem-10902	26	3	of	of	ADP
fbem-10902	26	4	corporate	corporate	ADJ
fbem-10902	26	5	green	green	ADJ
fbem-10902	26	6	innovation	innovation	NOUN
fbem-10902	26	7	projects	project	NOUN
fbem-10902	26	8	is	be	AUX
fbem-10902	26	9	affected	affect	VERB
fbem-10902	26	10	by	by	ADP
fbem-10902	26	11	the	the	DET
fbem-10902	26	12	decision	decision	NOUN
fbem-10902	26	13	-	-	PUNCT
fbem-10902	26	14	making	making	NOUN
fbem-10902	26	15	of	of	ADP
fbem-10902	26	16	managers	manager	NOUN
fbem-10902	26	17	,	,	PUNCT
fbem-10902	26	18	who	who	PRON
fbem-10902	26	19	are	be	AUX
fbem-10902	26	20	often	often	ADV
fbem-10902	26	21	reluctant	reluctant	ADJ
fbem-10902	26	22	to	to	PART
fbem-10902	26	23	take	take	VERB
fbem-10902	26	24	the	the	DET
fbem-10902	26	25	initiative	initiative	NOUN
fbem-10902	26	26	to	to	PART
fbem-10902	26	27	carry	carry	VERB
fbem-10902	26	28	out	out	ADP
fbem-10902	26	29	such	such	ADJ
fbem-10902	26	30	investment	investment	NOUN
fbem-10902	26	31	activities	activity	NOUN
fbem-10902	26	32	due	due	ADJ
fbem-10902	26	33	to	to	ADP
fbem-10902	26	34	the	the	DET
fbem-10902	26	35	long	long	ADJ
fbem-10902	26	36	cycle	cycle	NOUN
fbem-10902	26	37	,	,	PUNCT
fbem-10902	26	38	high	high	ADJ
fbem-10902	26	39	risk	risk	NOUN
fbem-10902	26	40	and	and	CCONJ
fbem-10902	26	41	high	high	ADJ
fbem-10902	26	42	uncertainty	uncertainty	NOUN
fbem-10902	26	43	of	of	ADP
fbem-10902	26	44	green	green	ADJ
fbem-10902	26	45	innovation	innovation	NOUN
fbem-10902	26	46	activities	activity	NOUN
fbem-10902	26	47	.	.	PUNCT
fbem-10902	27	1	by	by	ADP
fbem-10902	27	2	subscribing	subscribe	VERB
fbem-10902	27	3	to	to	ADP
fbem-10902	27	4	directors	director	NOUN
fbem-10902	27	5	'	'	PART
fbem-10902	27	6	liability	liability	NOUN
fbem-10902	27	7	insurance	insurance	NOUN
fbem-10902	27	8	,	,	PUNCT
fbem-10902	27	9	it	it	PRON
fbem-10902	27	10	can	can	AUX
fbem-10902	27	11	reduce	reduce	VERB
fbem-10902	27	12	the	the	DET
fbem-10902	27	13	risk	risk	NOUN
fbem-10902	27	14	of	of	ADP
fbem-10902	27	15	property	property	NOUN
fbem-10902	27	16	damage	damage	NOUN
fbem-10902	27	17	caused	cause	VERB
fbem-10902	27	18	by	by	ADP
fbem-10902	27	19	managers	manager	NOUN
fbem-10902	27	20	due	due	ADP
fbem-10902	27	21	to	to	ADP
fbem-10902	27	22	innovation	innovation	NOUN
fbem-10902	27	23	failure	failure	NOUN
fbem-10902	27	24	and	and	CCONJ
fbem-10902	27	25	other	other	ADJ
fbem-10902	27	26	reasons	reason	NOUN
fbem-10902	27	27	,	,	PUNCT
fbem-10902	27	28	and	and	CCONJ
fbem-10902	27	29	provide	provide	VERB
fbem-10902	27	30	protection	protection	NOUN
fbem-10902	27	31	for	for	ADP
fbem-10902	27	32	their	their	PRON
fbem-10902	27	33	liability	liability	NOUN
fbem-10902	27	34	risk	risk	NOUN
fbem-10902	27	35	behaviors	behavior	NOUN
fbem-10902	27	36	[	[	X
fbem-10902	27	37	7	7	NUM
fbem-10902	27	38	,	,	PUNCT
fbem-10902	27	39	8	8	NUM
fbem-10902	27	40	]	]	PUNCT
fbem-10902	27	41	(	(	PUNCT
fbem-10902	27	42	core	core	NOUN
fbem-10902	27	43	,	,	PUNCT
fbem-10902	27	44	2000	2000	NUM
fbem-10902	27	45	;	;	PUNCT
fbem-10902	27	46	hu	hu	PROPN
fbem-10902	27	47	guoliu	guoliu	PROPN
fbem-10902	27	48	et	et	PROPN
fbem-10902	27	49	al	al	PROPN
fbem-10902	27	50	.	.	PROPN
fbem-10902	27	51	,	,	PUNCT
fbem-10902	27	52	2019	2019	NUM
fbem-10902	27	53	)	)	PUNCT
fbem-10902	27	54	,	,	PUNCT
fbem-10902	27	55	which	which	PRON
fbem-10902	27	56	is	be	AUX
fbem-10902	27	57	conducive	conducive	ADJ
fbem-10902	27	58	to	to	ADP
fbem-10902	27	59	transferring	transfer	VERB
fbem-10902	27	60	potential	potential	ADJ
fbem-10902	27	61	liability	liability	NOUN
fbem-10902	27	62	risks	risk	NOUN
fbem-10902	27	63	faced	face	VERB
fbem-10902	27	64	by	by	ADP
fbem-10902	27	65	the	the	DET
fbem-10902	27	66	management	management	NOUN
fbem-10902	27	67	to	to	ADP
fbem-10902	27	68	the	the	DET
fbem-10902	27	69	insurance	insurance	NOUN
fbem-10902	27	70	company	company	NOUN
fbem-10902	27	71	,	,	PUNCT
fbem-10902	27	72	thus	thus	ADV
fbem-10902	27	73	alleviating	alleviate	VERB
fbem-10902	27	74	the	the	DET
fbem-10902	27	75	tendency	tendency	NOUN
fbem-10902	27	76	to	to	ADP
fbem-10902	27	77	short	short	ADJ
fbem-10902	27	78	-	-	PUNCT
fbem-10902	27	79	sightedness	sightedness	NOUN
fbem-10902	27	80	of	of	ADP
fbem-10902	27	81	the	the	DET
fbem-10902	27	82	managers	manager	NOUN
fbem-10902	27	83	;	;	PUNCT
fbem-10902	27	84	at	at	ADP
fbem-10902	27	85	the	the	DET
fbem-10902	27	86	same	same	ADJ
fbem-10902	27	87	time	time	NOUN
fbem-10902	27	88	,	,	PUNCT
fbem-10902	27	89	the	the	DET
fbem-10902	27	90	purchase	purchase	NOUN
fbem-10902	27	91	of	of	ADP
fbem-10902	27	92	directors	director	NOUN
fbem-10902	27	93	'	'	PART
fbem-10902	27	94	liability	liability	NOUN
fbem-10902	27	95	insurance	insurance	NOUN
fbem-10902	27	96	is	be	AUX
fbem-10902	27	97	equivalent	equivalent	ADJ
fbem-10902	27	98	to	to	ADP
fbem-10902	27	99	introducing	introduce	VERB
fbem-10902	27	100	a	a	DET
fbem-10902	27	101	professional	professional	ADJ
fbem-10902	27	102	and	and	CCONJ
fbem-10902	27	103	independent	independent	ADJ
fbem-10902	27	104	third	third	ADJ
fbem-10902	27	105	-	-	PUNCT
fbem-10902	27	106	party	party	NOUN
fbem-10902	27	107	institution	institution	NOUN
fbem-10902	27	108	,	,	PUNCT
fbem-10902	27	109	the	the	DET
fbem-10902	27	110	insurance	insurance	NOUN
fbem-10902	27	111	company	company	NOUN
fbem-10902	27	112	,	,	PUNCT
fbem-10902	27	113	to	to	ADP
fbem-10902	27	114	the	the	DET
fbem-10902	27	115	enterprise	enterprise	NOUN
fbem-10902	27	116	.	.	PUNCT
fbem-10902	28	1	insurance	insurance	NOUN
fbem-10902	28	2	company	company	NOUN
fbem-10902	28	3	,	,	PUNCT
fbem-10902	28	4	a	a	DET
fbem-10902	28	5	professional	professional	ADJ
fbem-10902	28	6	and	and	CCONJ
fbem-10902	28	7	independent	independent	ADJ
fbem-10902	28	8	third	third	ADJ
fbem-10902	28	9	-	-	PUNCT
fbem-10902	28	10	party	party	NOUN
fbem-10902	28	11	institution	institution	NOUN
fbem-10902	28	12	to	to	PART
fbem-10902	28	13	conduct	conduct	VERB
fbem-10902	28	14	external	external	ADJ
fbem-10902	28	15	supervision	supervision	NOUN
fbem-10902	28	16	of	of	ADP
fbem-10902	28	17	management	management	NOUN
fbem-10902	28	18	,	,	PUNCT
fbem-10902	28	19	which	which	PRON
fbem-10902	28	20	can	can	AUX
fbem-10902	28	21	alleviate	alleviate	VERB
fbem-10902	28	22	internal	internal	ADJ
fbem-10902	28	23	agency	agency	NOUN
fbem-10902	28	24	conflicts	conflict	NOUN
fbem-10902	28	25	[	[	X
fbem-10902	28	26	9	9	NUM
fbem-10902	28	27	]	]	PUNCT
fbem-10902	28	28	(	(	PUNCT
fbem-10902	28	29	guan	guan	PROPN
fbem-10902	28	30	,	,	PUNCT
fbem-10902	28	31	xin	xin	PROPN
fbem-10902	28	32	,	,	PUNCT
fbem-10902	28	33	2021	2021	NUM
fbem-10902	28	34	)	)	PUNCT
fbem-10902	28	35	,	,	PUNCT
fbem-10902	28	36	reduce	reduce	VERB
fbem-10902	28	37	the	the	DET
fbem-10902	28	38	risk	risk	NOUN
fbem-10902	28	39	of	of	ADP
fbem-10902	28	40	corporate	corporate	ADJ
fbem-10902	28	41	violations	violation	NOUN
fbem-10902	28	42	[	[	X
fbem-10902	28	43	10	10	NUM
fbem-10902	28	44	]	]	X
fbem-10902	28	45	(	(	PUNCT
fbem-10902	28	46	yuan	yuan	NOUN
fbem-10902	28	47	,	,	PUNCT
fbem-10902	28	48	2016	2016	NUM
fbem-10902	28	49	)	)	PUNCT
fbem-10902	28	50	,	,	PUNCT
fbem-10902	28	51	effectively	effectively	ADV
fbem-10902	28	52	prevent	prevent	VERB
fbem-10902	28	53	executives	executive	NOUN
fbem-10902	28	54	from	from	ADP
fbem-10902	28	55	misappropriating	misappropriate	VERB
fbem-10902	28	56	innovation	innovation	NOUN
fbem-10902	28	57	resources	resource	NOUN
fbem-10902	29	1	[	[	X
fbem-10902	29	2	11	11	NUM
fbem-10902	29	3	]	]	X
fbem-10902	29	4	(	(	PUNCT
fbem-10902	29	5	li	li	PROPN
fbem-10902	29	6	,	,	PUNCT
fbem-10902	29	7	congang	congang	PROPN
fbem-10902	29	8	and	and	CCONJ
fbem-10902	29	9	xu	xu	PROPN
fbem-10902	29	10	,	,	PUNCT
fbem-10902	29	11	rong	rong	PROPN
fbem-10902	29	12	,	,	PUNCT
fbem-10902	29	13	2020	2020	NUM
fbem-10902	29	14	)	)	PUNCT
fbem-10902	29	15	,	,	PUNCT
fbem-10902	29	16	and	and	CCONJ
fbem-10902	29	17	facilitate	facilitate	VERB
fbem-10902	29	18	the	the	DET
fbem-10902	29	19	development	development	NOUN
fbem-10902	29	20	of	of	ADP
fbem-10902	29	21	green	green	ADJ
fbem-10902	29	22	innovation	innovation	NOUN
fbem-10902	29	23	activities	activity	NOUN
fbem-10902	29	24	.	.	PUNCT
fbem-10902	30	1	in	in	ADP
fbem-10902	30	2	addition	addition	NOUN
fbem-10902	30	3	,	,	PUNCT
fbem-10902	30	4	subscribing	subscribe	VERB
fbem-10902	30	5	to	to	ADP
fbem-10902	30	6	directors	director	NOUN
fbem-10902	30	7	'	'	PART
fbem-10902	30	8	liability	liability	NOUN
fbem-10902	30	9	insurance	insurance	NOUN
fbem-10902	30	10	conveys	convey	VERB
fbem-10902	30	11	internal	internal	ADJ
fbem-10902	30	12	information	information	NOUN
fbem-10902	30	13	such	such	ADJ
fbem-10902	30	14	as	as	ADP
fbem-10902	30	15	managers	manager	NOUN
fbem-10902	30	16	'	'	PART
fbem-10902	30	17	risk	risk	NOUN
fbem-10902	30	18	preferences	preference	NOUN
fbem-10902	30	19	to	to	ADP
fbem-10902	30	20	the	the	DET
fbem-10902	30	21	outside	outside	ADJ
fbem-10902	30	22	world	world	NOUN
fbem-10902	31	1	[	[	X
fbem-10902	31	2	12	12	NUM
fbem-10902	31	3	]	]	PUNCT
fbem-10902	31	4	(	(	PUNCT
fbem-10902	31	5	gupta	gupta	NOUN
fbem-10902	31	6	and	and	CCONJ
fbem-10902	31	7	prakash	prakash	PROPN
fbem-10902	31	8	,	,	PUNCT
fbem-10902	31	9	2012	2012	NUM
fbem-10902	31	10	)	)	PUNCT
fbem-10902	31	11	,	,	PUNCT
fbem-10902	31	12	which	which	PRON
fbem-10902	31	13	mitigates	mitigate	VERB
fbem-10902	31	14	the	the	DET
fbem-10902	31	15	problems	problem	NOUN
fbem-10902	31	16	of	of	ADP
fbem-10902	31	17	adverse	adverse	ADJ
fbem-10902	31	18	selection	selection	NOUN
fbem-10902	31	19	and	and	CCONJ
fbem-10902	31	20	moral	moral	ADJ
fbem-10902	31	21	hazard	hazard	NOUN
fbem-10902	31	22	due	due	ADP
fbem-10902	31	23	to	to	ADP
fbem-10902	31	24	information	information	NOUN
fbem-10902	31	25	asymmetry	asymmetry	NOUN
fbem-10902	31	26	to	to	ADP
fbem-10902	31	27	a	a	DET
fbem-10902	31	28	certain	certain	ADJ
fbem-10902	31	29	extent	extent	NOUN
fbem-10902	31	30	[	[	X
fbem-10902	31	31	13	13	NUM
fbem-10902	31	32	]	]	PUNCT
fbem-10902	31	33	(	(	PUNCT
fbem-10902	31	34	guoyu	guoyu	PROPN
fbem-10902	31	35	zhao	zhao	NOUN
fbem-10902	31	36	,	,	PUNCT
fbem-10902	31	37	2022	2022	NUM
fbem-10902	31	38	)	)	PUNCT
fbem-10902	31	39	.	.	PUNCT
fbem-10902	32	1	based	base	VERB
fbem-10902	32	2	on	on	ADP
fbem-10902	32	3	the	the	DET
fbem-10902	32	4	above	above	ADJ
fbem-10902	32	5	analysis	analysis	NOUN
fbem-10902	32	6	,	,	PUNCT
fbem-10902	32	7	this	this	DET
fbem-10902	32	8	paper	paper	NOUN
fbem-10902	32	9	proposes	propose	VERB
fbem-10902	32	10	the	the	DET
fbem-10902	32	11	following	follow	VERB
fbem-10902	32	12	hypotheses	hypothesis	NOUN
fbem-10902	32	13	:	:	PUNCT
fbem-10902	32	14	h1	h1	NOUN
fbem-10902	32	15	:	:	PUNCT
fbem-10902	32	16	all	all	DET
fbem-10902	32	17	other	other	ADJ
fbem-10902	32	18	things	thing	NOUN
fbem-10902	32	19	being	be	AUX
fbem-10902	32	20	equal	equal	ADJ
fbem-10902	32	21	,	,	PUNCT
fbem-10902	32	22	corporate	corporate	ADJ
fbem-10902	32	23	subscription	subscription	NOUN
fbem-10902	32	24	to	to	ADP
fbem-10902	32	25	director	director	NOUN
fbem-10902	32	26	's	's	PART
fbem-10902	32	27	insurance	insurance	NOUN
fbem-10902	32	28	has	have	VERB
fbem-10902	32	29	a	a	DET
fbem-10902	32	30	positive	positive	ADJ
fbem-10902	32	31	promotion	promotion	NOUN
fbem-10902	32	32	effect	effect	NOUN
fbem-10902	32	33	on	on	ADP
fbem-10902	32	34	their	their	PRON
fbem-10902	32	35	green	green	ADJ
fbem-10902	32	36	innovation	innovation	NOUN
fbem-10902	32	37	activities	activity	NOUN
fbem-10902	32	38	.	.	PUNCT
fbem-10902	33	1	2.2	2.2	NUM
fbem-10902	33	2	.	.	PUNCT
fbem-10902	34	1	the	the	DET
fbem-10902	34	2	mediating	mediate	VERB
fbem-10902	34	3	role	role	NOUN
fbem-10902	34	4	of	of	ADP
fbem-10902	34	5	corporate	corporate	ADJ
fbem-10902	34	6	risktaking	risktaking	ADJ
fbem-10902	34	7	corporate	corporate	ADJ
fbem-10902	34	8	organizational	organizational	ADJ
fbem-10902	34	9	characteristics	characteristic	NOUN
fbem-10902	34	10	can	can	AUX
fbem-10902	34	11	have	have	VERB
fbem-10902	34	12	a	a	DET
fbem-10902	34	13	certain	certain	ADJ
fbem-10902	34	14	impact	impact	NOUN
fbem-10902	34	15	on	on	ADP
fbem-10902	34	16	corporate	corporate	ADJ
fbem-10902	34	17	green	green	ADJ
fbem-10902	34	18	innovation	innovation	NOUN
fbem-10902	34	19	[	[	X
fbem-10902	34	20	14	14	NUM
fbem-10902	34	21	]	]	X
fbem-10902	34	22	(	(	PUNCT
fbem-10902	34	23	gao	gao	NOUN
fbem-10902	34	24	and	and	CCONJ
fbem-10902	34	25	bansal	bansal	NOUN
fbem-10902	34	26	,	,	PUNCT
fbem-10902	34	27	2013	2013	NUM
fbem-10902	34	28	)	)	PUNCT
fbem-10902	34	29	,	,	PUNCT
fbem-10902	34	30	and	and	CCONJ
fbem-10902	34	31	the	the	DET
fbem-10902	34	32	existing	exist	VERB
fbem-10902	34	33	literature	literature	NOUN
fbem-10902	34	34	has	have	AUX
fbem-10902	34	35	mostly	mostly	ADV
fbem-10902	34	36	investigated	investigate	VERB
fbem-10902	34	37	the	the	DET
fbem-10902	34	38	influence	influence	NOUN
fbem-10902	34	39	mechanism	mechanism	NOUN
fbem-10902	34	40	of	of	ADP
fbem-10902	34	41	director	director	NOUN
fbem-10902	34	42	's	's	PART
fbem-10902	34	43	insurance	insurance	NOUN
fbem-10902	34	44	on	on	ADP
fbem-10902	34	45	corporate	corporate	ADJ
fbem-10902	34	46	green	green	ADJ
fbem-10902	34	47	innovation	innovation	NOUN
fbem-10902	34	48	from	from	ADP
fbem-10902	34	49	the	the	DET
fbem-10902	34	50	perspectives	perspective	NOUN
fbem-10902	34	51	of	of	ADP
fbem-10902	34	52	agency	agency	NOUN
fbem-10902	34	53	costs	cost	NOUN
fbem-10902	34	54	,	,	PUNCT
fbem-10902	34	55	financing	financing	NOUN
fbem-10902	34	56	constraints	constraint	NOUN
fbem-10902	34	57	,	,	PUNCT
fbem-10902	34	58	and	and	CCONJ
fbem-10902	34	59	internal	internal	ADJ
fbem-10902	34	60	control	control	NOUN
fbem-10902	34	61	.	.	PUNCT
fbem-10902	35	1	however	however	ADV
fbem-10902	35	2	,	,	PUNCT
fbem-10902	35	3	there	there	PRON
fbem-10902	35	4	is	be	VERB
fbem-10902	35	5	little	little	ADJ
fbem-10902	35	6	literature	literature	NOUN
fbem-10902	35	7	on	on	ADP
fbem-10902	35	8	the	the	DET
fbem-10902	35	9	mechanism	mechanism	NOUN
fbem-10902	35	10	of	of	ADP
fbem-10902	35	11	action	action	NOUN
fbem-10902	35	12	between	between	ADP
fbem-10902	35	13	the	the	DET
fbem-10902	35	14	two	two	NUM
fbem-10902	35	15	from	from	ADP
fbem-10902	35	16	the	the	DET
fbem-10902	35	17	perspective	perspective	NOUN
fbem-10902	35	18	of	of	ADP
fbem-10902	35	19	corporate	corporate	ADJ
fbem-10902	35	20	risk	risk	NOUN
fbem-10902	35	21	-	-	PUNCT
fbem-10902	35	22	taking	take	VERB
fbem-10902	35	23	capacity	capacity	NOUN
fbem-10902	35	24	.	.	PUNCT
fbem-10902	36	1	managers	manager	NOUN
fbem-10902	36	2	have	have	VERB
fbem-10902	36	3	an	an	DET
fbem-10902	36	4	important	important	ADJ
fbem-10902	36	5	impact	impact	NOUN
fbem-10902	36	6	on	on	ADP
fbem-10902	36	7	corporate	corporate	ADJ
fbem-10902	36	8	risktaking	risktaking	NOUN
fbem-10902	36	9	,	,	PUNCT
fbem-10902	36	10	and	and	CCONJ
fbem-10902	36	11	managers	manager	NOUN
fbem-10902	36	12	'	'	PART
fbem-10902	36	13	risk	risk	NOUN
fbem-10902	36	14	-	-	PUNCT
fbem-10902	36	15	taking	taking	NOUN
fbem-10902	36	16	attitude	attitude	NOUN
fbem-10902	36	17	reflects	reflect	VERB
fbem-10902	36	18	the	the	DET
fbem-10902	36	19	level	level	NOUN
fbem-10902	36	20	of	of	ADP
fbem-10902	36	21	corporate	corporate	ADJ
fbem-10902	36	22	risk	risk	NOUN
fbem-10902	36	23	-	-	PUNCT
fbem-10902	36	24	taking	taking	NOUN
fbem-10902	36	25	to	to	ADP
fbem-10902	36	26	a	a	DET
fbem-10902	36	27	certain	certain	ADJ
fbem-10902	36	28	extent	extent	NOUN
fbem-10902	36	29	[	[	X
fbem-10902	36	30	15	15	NUM
fbem-10902	36	31	]	]	X
fbem-10902	36	32	(	(	PUNCT
fbem-10902	36	33	wang	wang	PROPN
fbem-10902	36	34	jinghua	jinghua	PROPN
fbem-10902	36	35	and	and	CCONJ
fbem-10902	36	36	mao	mao	PROPN
fbem-10902	36	37	ning	ning	PROPN
fbem-10902	36	38	,	,	PUNCT
fbem-10902	36	39	2019	2019	NUM
fbem-10902	36	40	)	)	PUNCT
fbem-10902	36	41	,	,	PUNCT
fbem-10902	36	42	and	and	CCONJ
fbem-10902	36	43	enhancing	enhance	VERB
fbem-10902	36	44	the	the	DET
fbem-10902	36	45	risk	risk	NOUN
fbem-10902	36	46	-	-	PUNCT
fbem-10902	36	47	taking	take	VERB
fbem-10902	36	48	ability	ability	NOUN
fbem-10902	36	49	of	of	ADP
fbem-10902	36	50	the	the	DET
fbem-10902	36	51	management	management	NOUN
fbem-10902	36	52	will	will	AUX
fbem-10902	36	53	be	be	AUX
fbem-10902	36	54	accompanied	accompany	VERB
fbem-10902	36	55	by	by	ADP
fbem-10902	36	56	an	an	DET
fbem-10902	36	57	increase	increase	NOUN
fbem-10902	36	58	in	in	ADP
fbem-10902	36	59	the	the	DET
fbem-10902	36	60	level	level	NOUN
fbem-10902	36	61	of	of	ADP
fbem-10902	36	62	corporate	corporate	ADJ
fbem-10902	36	63	risk	risk	NOUN
fbem-10902	36	64	-	-	PUNCT
fbem-10902	36	65	taking	taking	NOUN
fbem-10902	36	66	.	.	PUNCT
fbem-10902	37	1	the	the	DET
fbem-10902	37	2	main	main	ADJ
fbem-10902	37	3	motivation	motivation	NOUN
fbem-10902	37	4	for	for	ADP
fbem-10902	37	5	the	the	DET
fbem-10902	37	6	introduction	introduction	NOUN
fbem-10902	37	7	of	of	ADP
fbem-10902	37	8	directors	director	NOUN
fbem-10902	37	9	'	'	PART
fbem-10902	37	10	liability	liability	NOUN
fbem-10902	37	11	insurance	insurance	NOUN
fbem-10902	37	12	in	in	ADP
fbem-10902	37	13	listed	list	VERB
fbem-10902	37	14	companies	company	NOUN
fbem-10902	37	15	is	be	AUX
fbem-10902	37	16	to	to	PART
fbem-10902	37	17	alleviate	alleviate	VERB
fbem-10902	37	18	management	management	NOUN
fbem-10902	37	19	's	's	PART
fbem-10902	37	20	risk	risk	NOUN
fbem-10902	37	21	aversion	aversion	NOUN
fbem-10902	37	22	tendency	tendency	NOUN
fbem-10902	37	23	and	and	CCONJ
fbem-10902	37	24	reduce	reduce	VERB
fbem-10902	37	25	its	its	PRON
fbem-10902	37	26	short	short	ADJ
fbem-10902	37	27	-	-	PUNCT
fbem-10902	37	28	termist	termist	NOUN
fbem-10902	37	29	behavior	behavior	NOUN
fbem-10902	37	30	.	.	PUNCT
fbem-10902	38	1	on	on	ADP
fbem-10902	38	2	the	the	DET
fbem-10902	38	3	one	one	NUM
fbem-10902	38	4	hand	hand	NOUN
fbem-10902	38	5	,	,	PUNCT
fbem-10902	38	6	the	the	DET
fbem-10902	38	7	introduction	introduction	NOUN
fbem-10902	38	8	of	of	ADP
fbem-10902	38	9	directors	director	NOUN
fbem-10902	38	10	'	'	PART
fbem-10902	38	11	liability	liability	NOUN
fbem-10902	38	12	insurance	insurance	NOUN
fbem-10902	38	13	transfers	transfer	VERB
fbem-10902	38	14	the	the	DET
fbem-10902	38	15	potential	potential	ADJ
fbem-10902	38	16	risks	risk	NOUN
fbem-10902	38	17	of	of	ADP
fbem-10902	38	18	management	management	NOUN
fbem-10902	38	19	to	to	ADP
fbem-10902	38	20	the	the	DET
fbem-10902	38	21	insurance	insurance	NOUN
fbem-10902	38	22	company	company	NOUN
fbem-10902	38	23	,	,	PUNCT
fbem-10902	38	24	which	which	PRON
fbem-10902	38	25	is	be	AUX
fbem-10902	38	26	equivalent	equivalent	ADJ
fbem-10902	38	27	to	to	ADP
fbem-10902	38	28	providing	provide	VERB
fbem-10902	38	29	a	a	DET
fbem-10902	38	30	layer	layer	NOUN
fbem-10902	38	31	of	of	ADP
fbem-10902	38	32	protection	protection	NOUN
fbem-10902	38	33	mechanism	mechanism	NOUN
fbem-10902	38	34	for	for	ADP
fbem-10902	38	35	management	management	NOUN
fbem-10902	38	36	's	's	PART
fbem-10902	38	37	performance	performance	NOUN
fbem-10902	38	38	of	of	ADP
fbem-10902	38	39	duties	duty	NOUN
fbem-10902	38	40	,	,	PUNCT
fbem-10902	38	41	providing	provide	VERB
fbem-10902	38	42	risk	risk	NOUN
fbem-10902	38	43	underwriting	underwriting	NOUN
fbem-10902	38	44	and	and	CCONJ
fbem-10902	38	45	property	property	NOUN
fbem-10902	38	46	protection	protection	NOUN
fbem-10902	38	47	for	for	ADP
fbem-10902	38	48	management	management	NOUN
fbem-10902	38	49	,	,	PUNCT
fbem-10902	38	50	alleviating	alleviate	VERB
fbem-10902	38	51	their	their	PRON
fbem-10902	38	52	concerns	concern	NOUN
fbem-10902	38	53	about	about	ADP
fbem-10902	38	54	compensation	compensation	NOUN
fbem-10902	38	55	costs	cost	NOUN
fbem-10902	38	56	,	,	PUNCT
fbem-10902	38	57	reputation	reputation	NOUN
fbem-10902	38	58	decline	decline	NOUN
fbem-10902	38	59	and	and	CCONJ
fbem-10902	38	60	performance	performance	NOUN
fbem-10902	38	61	damage	damage	NOUN
fbem-10902	38	62	,	,	PUNCT
fbem-10902	38	63	and	and	CCONJ
fbem-10902	38	64	thus	thus	ADV
fbem-10902	38	65	improving	improve	VERB
fbem-10902	38	66	their	their	PRON
fbem-10902	38	67	risk	risk	NOUN
fbem-10902	38	68	aversion	aversion	NOUN
fbem-10902	38	69	in	in	ADP
fbem-10902	38	70	decisionmaking	decisionmake	VERB
fbem-10902	38	71	and	and	CCONJ
fbem-10902	38	72	enhancing	enhance	VERB
fbem-10902	38	73	their	their	PRON
fbem-10902	38	74	risk	risk	NOUN
fbem-10902	38	75	-	-	PUNCT
fbem-10902	38	76	taking	taking	NOUN
fbem-10902	38	77	.	.	PUNCT
fbem-10902	39	1	in	in	ADP
fbem-10902	39	2	addition	addition	NOUN
fbem-10902	39	3	,	,	PUNCT
fbem-10902	39	4	director	director	NOUN
fbem-10902	39	5	's	's	PART
fbem-10902	39	6	liability	liability	NOUN
fbem-10902	39	7	insurance	insurance	NOUN
fbem-10902	39	8	closely	closely	ADV
fbem-10902	39	9	links	link	VERB
fbem-10902	39	10	the	the	DET
fbem-10902	39	11	interests	interest	NOUN
fbem-10902	39	12	of	of	ADP
fbem-10902	39	13	insurance	insurance	NOUN
fbem-10902	39	14	companies	company	NOUN
fbem-10902	39	15	with	with	ADP
fbem-10902	39	16	listed	list	VERB
fbem-10902	39	17	companies	company	NOUN
fbem-10902	39	18	,	,	PUNCT
fbem-10902	39	19	prompting	prompt	VERB
fbem-10902	39	20	insurance	insurance	NOUN
fbem-10902	39	21	companies	company	NOUN
fbem-10902	39	22	to	to	PART
fbem-10902	39	23	actively	actively	ADV
fbem-10902	39	24	monitor	monitor	VERB
fbem-10902	39	25	the	the	DET
fbem-10902	39	26	daily	daily	ADJ
fbem-10902	39	27	business	business	NOUN
fbem-10902	39	28	behavior	behavior	NOUN
fbem-10902	39	29	of	of	ADP
fbem-10902	39	30	the	the	DET
fbem-10902	39	31	insured	insure	VERB
fbem-10902	39	32	,	,	PUNCT
fbem-10902	39	33	helping	help	VERB
fbem-10902	39	34	to	to	PART
fbem-10902	39	35	alleviate	alleviate	VERB
fbem-10902	39	36	the	the	DET
fbem-10902	39	37	ethical	ethical	ADJ
fbem-10902	39	38	problems	problem	NOUN
fbem-10902	39	39	caused	cause	VERB
fbem-10902	39	40	by	by	ADP
fbem-10902	39	41	information	information	NOUN
fbem-10902	39	42	asymmetry	asymmetry	NOUN
fbem-10902	39	43	,	,	PUNCT
fbem-10902	39	44	and	and	CCONJ
fbem-10902	39	45	prompting	prompt	VERB
fbem-10902	39	46	managers	manager	NOUN
fbem-10902	39	47	to	to	PART
fbem-10902	39	48	be	be	AUX
fbem-10902	39	49	diligent	diligent	ADJ
fbem-10902	39	50	and	and	CCONJ
fbem-10902	39	51	responsible	responsible	ADJ
fbem-10902	39	52	.	.	PUNCT
fbem-10902	40	1	enterprise	enterprise	NOUN
fbem-10902	40	2	risk	risk	NOUN
fbem-10902	40	3	taking	taking	NOUN
fbem-10902	40	4	is	be	AUX
fbem-10902	40	5	a	a	DET
fbem-10902	40	6	key	key	ADJ
fbem-10902	40	7	consideration	consideration	NOUN
fbem-10902	40	8	for	for	SCONJ
fbem-10902	40	9	enterprises	enterprise	NOUN
fbem-10902	40	10	to	to	PART
fbem-10902	40	11	make	make	VERB
fbem-10902	40	12	innovation	innovation	NOUN
fbem-10902	40	13	decisions	decision	NOUN
fbem-10902	40	14	[	[	X
fbem-10902	40	15	16	16	NUM
fbem-10902	40	16	]	]	PUNCT
fbem-10902	40	17	.	.	PUNCT
fbem-10902	41	1	compared	compare	VERB
fbem-10902	41	2	with	with	ADP
fbem-10902	41	3	ordinary	ordinary	ADJ
fbem-10902	41	4	innovation	innovation	NOUN
fbem-10902	41	5	activities	activity	NOUN
fbem-10902	41	6	,	,	PUNCT
fbem-10902	41	7	green	green	ADJ
fbem-10902	41	8	innovation	innovation	NOUN
fbem-10902	41	9	activities	activity	NOUN
fbem-10902	41	10	have	have	VERB
fbem-10902	41	11	higher	high	ADJ
fbem-10902	41	12	risks	risk	NOUN
fbem-10902	41	13	,	,	PUNCT
fbem-10902	41	14	greater	great	ADJ
fbem-10902	41	15	uncertainty	uncertainty	NOUN
fbem-10902	41	16	,	,	PUNCT
fbem-10902	41	17	and	and	CCONJ
fbem-10902	41	18	require	require	VERB
fbem-10902	41	19	more	more	ADJ
fbem-10902	41	20	input	input	NOUN
fbem-10902	41	21	resources	resource	NOUN
fbem-10902	41	22	.	.	PUNCT
fbem-10902	42	1	therefore	therefore	ADV
fbem-10902	42	2	,	,	PUNCT
fbem-10902	42	3	enterprises	enterprise	NOUN
fbem-10902	42	4	with	with	ADP
fbem-10902	42	5	a	a	DET
fbem-10902	42	6	high	high	ADJ
fbem-10902	42	7	level	level	NOUN
fbem-10902	42	8	of	of	ADP
fbem-10902	42	9	risk	risk	NOUN
fbem-10902	42	10	-	-	PUNCT
fbem-10902	42	11	taking	taking	NOUN
fbem-10902	42	12	are	be	AUX
fbem-10902	42	13	more	more	ADV
fbem-10902	42	14	capable	capable	ADJ
fbem-10902	42	15	of	of	ADP
fbem-10902	42	16	bearing	bear	VERB
fbem-10902	42	17	the	the	DET
fbem-10902	42	18	loss	loss	NOUN
fbem-10902	42	19	of	of	ADP
fbem-10902	42	20	r&d	r&d	NOUN
fbem-10902	42	21	failure	failure	NOUN
fbem-10902	42	22	of	of	ADP
fbem-10902	42	23	green	green	ADJ
fbem-10902	42	24	innovation	innovation	NOUN
fbem-10902	42	25	projects	project	NOUN
fbem-10902	42	26	,	,	PUNCT
fbem-10902	42	27	and	and	CCONJ
fbem-10902	42	28	such	such	ADJ
fbem-10902	42	29	enterprises	enterprise	NOUN
fbem-10902	42	30	can	can	AUX
fbem-10902	42	31	better	well	ADV
fbem-10902	42	32	grasp	grasp	VERB
fbem-10902	42	33	the	the	DET
fbem-10902	42	34	projects	project	NOUN
fbem-10902	42	35	with	with	ADP
fbem-10902	42	36	high	high	ADJ
fbem-10902	42	37	return	return	NOUN
fbem-10902	42	38	and	and	CCONJ
fbem-10902	42	39	conducive	conducive	ADJ
fbem-10902	42	40	to	to	ADP
fbem-10902	42	41	the	the	DET
fbem-10902	42	42	long	long	ADJ
fbem-10902	42	43	-	-	PUNCT
fbem-10902	42	44	term	term	NOUN
fbem-10902	42	45	development	development	NOUN
fbem-10902	42	46	of	of	ADP
fbem-10902	42	47	the	the	DET
fbem-10902	42	48	enterprise	enterprise	NOUN
fbem-10902	42	49	,	,	PUNCT
fbem-10902	42	50	i.e.	i.e.	X
fbem-10902	42	51	,	,	PUNCT
fbem-10902	42	52	they	they	PRON
fbem-10902	42	53	are	be	AUX
fbem-10902	42	54	more	more	ADV
fbem-10902	42	55	inclined	inclined	ADJ
fbem-10902	42	56	to	to	PART
fbem-10902	42	57	carry	carry	VERB
fbem-10902	42	58	out	out	ADP
fbem-10902	42	59	green	green	ADJ
fbem-10902	42	60	innovation	innovation	NOUN
fbem-10902	42	61	r&d	r&d	NOUN
fbem-10902	42	62	activities	activity	NOUN
fbem-10902	42	63	with	with	ADP
fbem-10902	42	64	high	high	ADJ
fbem-10902	42	65	risk	risk	NOUN
fbem-10902	42	66	,	,	PUNCT
fbem-10902	42	67	long	long	ADJ
fbem-10902	42	68	cycle	cycle	NOUN
fbem-10902	42	69	time	time	NOUN
fbem-10902	42	70	,	,	PUNCT
fbem-10902	42	71	and	and	CCONJ
fbem-10902	42	72	high	high	ADJ
fbem-10902	42	73	technological	technological	ADJ
fbem-10902	42	74	content	content	NOUN
fbem-10902	42	75	,	,	PUNCT
fbem-10902	42	76	and	and	CCONJ
fbem-10902	42	77	the	the	DET
fbem-10902	42	78	enterprise	enterprise	NOUN
fbem-10902	42	79	's	's	PART
fbem-10902	42	80	green	green	ADJ
fbem-10902	42	81	innovation	innovation	NOUN
fbem-10902	42	82	capability	capability	NOUN
fbem-10902	42	83	will	will	AUX
fbem-10902	42	84	be	be	AUX
fbem-10902	42	85	enhanced	enhance	VERB
fbem-10902	42	86	accordingly	accordingly	ADV
fbem-10902	42	87	.	.	PUNCT
fbem-10902	43	1	therefore	therefore	ADV
fbem-10902	43	2	,	,	PUNCT
fbem-10902	43	3	companies	company	NOUN
fbem-10902	43	4	with	with	ADP
fbem-10902	43	5	higher	high	ADJ
fbem-10902	43	6	levels	level	NOUN
fbem-10902	43	7	of	of	ADP
fbem-10902	43	8	risktaking	risktake	VERB
fbem-10902	43	9	tend	tend	VERB
fbem-10902	43	10	to	to	PART
fbem-10902	43	11	have	have	VERB
fbem-10902	43	12	higher	high	ADJ
fbem-10902	43	13	green	green	ADJ
fbem-10902	43	14	innovation	innovation	NOUN
fbem-10902	43	15	capabilities	capability	NOUN
fbem-10902	43	16	;	;	PUNCT
fbem-10902	43	17	while	while	SCONJ
fbem-10902	43	18	companies	company	NOUN
fbem-10902	43	19	with	with	ADP
fbem-10902	43	20	weaker	weak	ADJ
fbem-10902	43	21	risk	risk	NOUN
fbem-10902	43	22	-	-	PUNCT
fbem-10902	43	23	taking	take	VERB
fbem-10902	43	24	capabilities	capability	NOUN
fbem-10902	43	25	have	have	VERB
fbem-10902	43	26	a	a	DET
fbem-10902	43	27	relatively	relatively	ADV
fbem-10902	43	28	weaker	weak	ADJ
fbem-10902	43	29	ability	ability	NOUN
fbem-10902	43	30	to	to	PART
fbem-10902	43	31	bear	bear	VERB
fbem-10902	43	32	project	project	NOUN
fbem-10902	43	33	failures	failure	NOUN
fbem-10902	43	34	and	and	CCONJ
fbem-10902	43	35	tend	tend	VERB
fbem-10902	43	36	to	to	PART
fbem-10902	43	37	reduce	reduce	VERB
fbem-10902	43	38	green	green	ADJ
fbem-10902	43	39	innovation	innovation	NOUN
fbem-10902	43	40	investment	investment	NOUN
fbem-10902	43	41	activities	activity	NOUN
fbem-10902	43	42	with	with	ADP
fbem-10902	43	43	high	high	ADJ
fbem-10902	43	44	uncertainty	uncertainty	NOUN
fbem-10902	43	45	.	.	PUNCT
fbem-10902	44	1	corporate	corporate	ADJ
fbem-10902	44	2	risk	risk	NOUN
fbem-10902	44	3	-	-	PUNCT
fbem-10902	44	4	taking	taking	NOUN
fbem-10902	44	5	can	can	AUX
fbem-10902	44	6	be	be	AUX
fbem-10902	44	7	understood	understand	VERB
fbem-10902	44	8	to	to	ADP
fbem-10902	44	9	a	a	DET
fbem-10902	44	10	certain	certain	ADJ
fbem-10902	44	11	extent	extent	NOUN
fbem-10902	44	12	as	as	ADP
fbem-10902	44	13	a	a	DET
fbem-10902	44	14	centralized	centralized	ADJ
fbem-10902	44	15	representation	representation	NOUN
fbem-10902	44	16	of	of	ADP
fbem-10902	44	17	the	the	DET
fbem-10902	44	18	risk	risk	NOUN
fbem-10902	44	19	-	-	PUNCT
fbem-10902	44	20	taking	take	VERB
fbem-10902	44	21	willingness	willingness	NOUN
fbem-10902	44	22	of	of	ADP
fbem-10902	44	23	the	the	DET
fbem-10902	44	24	company	company	NOUN
fbem-10902	44	25	's	's	PART
fbem-10902	44	26	management	management	NOUN
fbem-10902	44	27	,	,	PUNCT
fbem-10902	44	28	and	and	CCONJ
fbem-10902	44	29	the	the	DET
fbem-10902	44	30	introduction	introduction	NOUN
fbem-10902	44	31	of	of	ADP
fbem-10902	44	32	director	director	NOUN
fbem-10902	44	33	's	's	PART
fbem-10902	44	34	liability	liability	NOUN
fbem-10902	44	35	insurance	insurance	NOUN
fbem-10902	44	36	forms	form	VERB
fbem-10902	44	37	a	a	DET
fbem-10902	44	38	protection	protection	NOUN
fbem-10902	44	39	for	for	ADP
fbem-10902	44	40	the	the	DET
fbem-10902	44	41	management	management	NOUN
fbem-10902	44	42	,	,	PUNCT
fbem-10902	44	43	which	which	PRON
fbem-10902	44	44	in	in	ADP
fbem-10902	44	45	turn	turn	NOUN
fbem-10902	44	46	affects	affect	VERB
fbem-10902	44	47	the	the	DET
fbem-10902	44	48	management	management	NOUN
fbem-10902	44	49	's	's	PART
fbem-10902	44	50	risk	risk	NOUN
fbem-10902	44	51	tolerance	tolerance	NOUN
fbem-10902	44	52	as	as	ADV
fbem-10902	44	53	well	well	ADV
fbem-10902	44	54	as	as	ADP
fbem-10902	44	55	the	the	DET
fbem-10902	44	56	risk	risk	NOUN
fbem-10902	44	57	-	-	PUNCT
fbem-10902	44	58	taking	take	VERB
fbem-10902	44	59	level	level	NOUN
fbem-10902	44	60	of	of	ADP
fbem-10902	44	61	the	the	DET
fbem-10902	44	62	company	company	NOUN
fbem-10902	44	63	,	,	PUNCT
fbem-10902	44	64	and	and	CCONJ
fbem-10902	44	65	further	far	ADV
fbem-10902	44	66	influences	influence	VERB
fbem-10902	44	67	the	the	DET
fbem-10902	44	68	company	company	NOUN
fbem-10902	44	69	's	's	PART
fbem-10902	44	70	green	green	ADJ
fbem-10902	44	71	innovation	innovation	NOUN
fbem-10902	44	72	activities	activity	NOUN
fbem-10902	44	73	.	.	PUNCT
fbem-10902	45	1	therefore	therefore	ADV
fbem-10902	45	2	,	,	PUNCT
fbem-10902	45	3	in	in	ADP
fbem-10902	45	4	the	the	DET
fbem-10902	45	5	face	face	NOUN
fbem-10902	45	6	of	of	ADP
fbem-10902	45	7	green	green	ADJ
fbem-10902	45	8	innovation	innovation	NOUN
fbem-10902	45	9	projects	project	NOUN
fbem-10902	45	10	,	,	PUNCT
fbem-10902	45	11	directors	director	NOUN
fbem-10902	45	12	'	'	PART
fbem-10902	45	13	liability	liability	NOUN
fbem-10902	45	14	insurance	insurance	NOUN
fbem-10902	45	15	has	have	VERB
fbem-10902	45	16	both	both	CCONJ
fbem-10902	45	17	a	a	DET
fbem-10902	45	18	protective	protective	NOUN
fbem-10902	45	19	and	and	CCONJ
fbem-10902	45	20	an	an	DET
fbem-10902	45	21	external	external	ADJ
fbem-10902	45	22	supervisory	supervisory	ADJ
fbem-10902	45	23	effect	effect	NOUN
fbem-10902	45	24	on	on	ADP
fbem-10902	45	25	the	the	DET
fbem-10902	45	26	management	management	NOUN
fbem-10902	45	27	,	,	PUNCT
fbem-10902	45	28	which	which	PRON
fbem-10902	45	29	enhances	enhance	VERB
fbem-10902	45	30	their	their	PRON
fbem-10902	45	31	willingness	willingness	NOUN
fbem-10902	45	32	to	to	PART
fbem-10902	45	33	take	take	VERB
fbem-10902	45	34	risks	risk	NOUN
fbem-10902	45	35	,	,	PUNCT
fbem-10902	45	36	strengthens	strengthen	VERB
fbem-10902	45	37	their	their	PRON
fbem-10902	45	38	professional	professional	ADJ
fbem-10902	45	39	176	176	NUM
fbem-10902	45	40	responsibility	responsibility	NOUN
fbem-10902	45	41	,	,	PUNCT
fbem-10902	45	42	and	and	CCONJ
fbem-10902	45	43	motivates	motivate	VERB
fbem-10902	45	44	them	they	PRON
fbem-10902	45	45	to	to	PART
fbem-10902	45	46	take	take	VERB
fbem-10902	45	47	the	the	DET
fbem-10902	45	48	initiative	initiative	NOUN
fbem-10902	45	49	to	to	PART
fbem-10902	45	50	carry	carry	VERB
fbem-10902	45	51	out	out	ADP
fbem-10902	45	52	green	green	ADJ
fbem-10902	45	53	innovation	innovation	NOUN
fbem-10902	45	54	activities	activity	NOUN
fbem-10902	45	55	with	with	ADP
fbem-10902	45	56	higher	high	ADJ
fbem-10902	45	57	risks	risk	NOUN
fbem-10902	45	58	.	.	PUNCT
fbem-10902	46	1	based	base	VERB
fbem-10902	46	2	on	on	ADP
fbem-10902	46	3	the	the	DET
fbem-10902	46	4	above	above	ADJ
fbem-10902	46	5	analysis	analysis	NOUN
fbem-10902	46	6	,	,	PUNCT
fbem-10902	46	7	this	this	DET
fbem-10902	46	8	paper	paper	NOUN
fbem-10902	46	9	proposes	propose	VERB
fbem-10902	46	10	the	the	DET
fbem-10902	46	11	following	follow	VERB
fbem-10902	46	12	hypothesis	hypothesis	NOUN
fbem-10902	46	13	:	:	PUNCT
fbem-10902	46	14	h2	h2	NOUN
fbem-10902	46	15	:	:	PUNCT
fbem-10902	46	16	other	other	ADJ
fbem-10902	46	17	things	thing	NOUN
fbem-10902	46	18	being	be	AUX
fbem-10902	46	19	equal	equal	ADJ
fbem-10902	46	20	,	,	PUNCT
fbem-10902	46	21	directors	director	NOUN
fbem-10902	46	22	'	'	PART
fbem-10902	46	23	liability	liability	NOUN
fbem-10902	46	24	insurance	insurance	NOUN
fbem-10902	46	25	can	can	AUX
fbem-10902	46	26	promote	promote	VERB
fbem-10902	46	27	green	green	ADJ
fbem-10902	46	28	innovation	innovation	NOUN
fbem-10902	46	29	by	by	ADP
fbem-10902	46	30	increasing	increase	VERB
fbem-10902	46	31	the	the	DET
fbem-10902	46	32	level	level	NOUN
fbem-10902	46	33	of	of	ADP
fbem-10902	46	34	corporate	corporate	ADJ
fbem-10902	46	35	risk	risk	NOUN
fbem-10902	46	36	-	-	PUNCT
fbem-10902	46	37	taking	taking	NOUN
fbem-10902	46	38	.	.	PUNCT
fbem-10902	47	1	3	3	X
fbem-10902	47	2	.	.	X
fbem-10902	47	3	research	research	NOUN
fbem-10902	47	4	design	design	PROPN
fbem-10902	47	5	3.1	3.1	NUM
fbem-10902	47	6	.	.	PUNCT
fbem-10902	47	7	sample	sample	NOUN
fbem-10902	47	8	selection	selection	NOUN
fbem-10902	47	9	and	and	CCONJ
fbem-10902	47	10	data	datum	NOUN
fbem-10902	47	11	source	source	NOUN
fbem-10902	47	12	taking	take	VERB
fbem-10902	47	13	chinese	chinese	ADJ
fbem-10902	47	14	a	a	DET
fbem-10902	47	15	-	-	PUNCT
fbem-10902	47	16	share	share	NOUN
fbem-10902	47	17	listed	list	VERB
fbem-10902	47	18	companies	company	NOUN
fbem-10902	47	19	from	from	ADP
fbem-10902	47	20	2010	2010	NUM
fbem-10902	47	21	to	to	ADP
fbem-10902	47	22	2021	2021	NUM
fbem-10902	47	23	as	as	ADP
fbem-10902	47	24	the	the	DET
fbem-10902	47	25	research	research	NOUN
fbem-10902	47	26	object	object	NOUN
fbem-10902	47	27	,	,	PUNCT
fbem-10902	47	28	this	this	DET
fbem-10902	47	29	paper	paper	NOUN
fbem-10902	47	30	empirically	empirically	ADV
fbem-10902	47	31	examines	examine	VERB
fbem-10902	47	32	the	the	DET
fbem-10902	47	33	impact	impact	NOUN
fbem-10902	47	34	of	of	ADP
fbem-10902	47	35	director	director	NOUN
fbem-10902	47	36	's	's	PART
fbem-10902	47	37	liability	liability	NOUN
fbem-10902	47	38	insurance	insurance	NOUN
fbem-10902	47	39	on	on	ADP
fbem-10902	47	40	corporate	corporate	ADJ
fbem-10902	47	41	green	green	ADJ
fbem-10902	47	42	innovation	innovation	NOUN
fbem-10902	47	43	capability	capability	NOUN
fbem-10902	47	44	.	.	PUNCT
fbem-10902	48	1	the	the	DET
fbem-10902	48	2	samples	sample	NOUN
fbem-10902	48	3	of	of	ADP
fbem-10902	48	4	listed	list	VERB
fbem-10902	48	5	companies	company	NOUN
fbem-10902	48	6	are	be	AUX
fbem-10902	48	7	mainly	mainly	ADV
fbem-10902	48	8	from	from	ADP
fbem-10902	48	9	csmar	csmar	PROPN
fbem-10902	48	10	database	database	NOUN
fbem-10902	48	11	and	and	CCONJ
fbem-10902	48	12	screened	screen	VERB
fbem-10902	48	13	as	as	SCONJ
fbem-10902	48	14	follows	follow	VERB
fbem-10902	48	15	:	:	PUNCT
fbem-10902	48	16	(	(	PUNCT
fbem-10902	48	17	1	1	X
fbem-10902	48	18	)	)	PUNCT
fbem-10902	48	19	excluding	exclude	VERB
fbem-10902	48	20	financial	financial	ADJ
fbem-10902	48	21	and	and	CCONJ
fbem-10902	48	22	insurance	insurance	NOUN
fbem-10902	48	23	industries	industry	NOUN
fbem-10902	48	24	;	;	PUNCT
fbem-10902	48	25	(	(	PUNCT
fbem-10902	48	26	2	2	X
fbem-10902	48	27	)	)	PUNCT
fbem-10902	48	28	excluding	exclude	VERB
fbem-10902	48	29	st	st	PROPN
fbem-10902	48	30	and	and	CCONJ
fbem-10902	48	31	*	*	PROPN
fbem-10902	48	32	st	st	PROPN
fbem-10902	48	33	companies	company	NOUN
fbem-10902	48	34	;	;	PUNCT
fbem-10902	48	35	(	(	PUNCT
fbem-10902	48	36	3	3	X
fbem-10902	48	37	)	)	PUNCT
fbem-10902	48	38	excluding	exclude	VERB
fbem-10902	48	39	companies	company	NOUN
fbem-10902	48	40	with	with	ADP
fbem-10902	48	41	missing	miss	VERB
fbem-10902	48	42	data	datum	NOUN
fbem-10902	48	43	;	;	PUNCT
fbem-10902	48	44	and	and	CCONJ
fbem-10902	48	45	(	(	PUNCT
fbem-10902	48	46	4	4	X
fbem-10902	48	47	)	)	PUNCT
fbem-10902	48	48	in	in	ADP
fbem-10902	48	49	order	order	NOUN
fbem-10902	48	50	to	to	PART
fbem-10902	48	51	eliminate	eliminate	VERB
fbem-10902	48	52	the	the	DET
fbem-10902	48	53	influence	influence	NOUN
fbem-10902	48	54	of	of	ADP
fbem-10902	48	55	outliers	outlier	NOUN
fbem-10902	48	56	,	,	PUNCT
fbem-10902	48	57	this	this	DET
fbem-10902	48	58	paper	paper	NOUN
fbem-10902	48	59	winsorize	winsorize	VERB
fbem-10902	48	60	continuous	continuous	ADJ
fbem-10902	48	61	variables	variable	NOUN
fbem-10902	48	62	at	at	ADP
fbem-10902	48	63	1%~99	1%~99	NUM
fbem-10902	48	64	%	%	NOUN
fbem-10902	48	65	level	level	NOUN
fbem-10902	48	66	.	.	PUNCT
fbem-10902	49	1	finally	finally	ADV
fbem-10902	49	2	,	,	PUNCT
fbem-10902	49	3	18,544	18,544	NUM
fbem-10902	49	4	valid	valid	ADJ
fbem-10902	49	5	observations	observation	NOUN
fbem-10902	49	6	are	be	AUX
fbem-10902	49	7	obtained	obtain	VERB
fbem-10902	49	8	.	.	PUNCT
fbem-10902	50	1	3.2	3.2	NUM
fbem-10902	50	2	.	.	PUNCT
fbem-10902	51	1	variable	variable	ADJ
fbem-10902	51	2	description	description	NOUN
fbem-10902	51	3	explained	explain	VERB
fbem-10902	51	4	variable	variable	NOUN
fbem-10902	51	5	(	(	PUNCT
fbem-10902	51	6	lngi	lngi	PROPN
fbem-10902	51	7	)	)	PUNCT
fbem-10902	51	8	.	.	PUNCT
fbem-10902	52	1	the	the	DET
fbem-10902	52	2	number	number	NOUN
fbem-10902	52	3	of	of	ADP
fbem-10902	52	4	green	green	ADJ
fbem-10902	52	5	patent	patent	NOUN
fbem-10902	52	6	applications	application	NOUN
fbem-10902	52	7	of	of	ADP
fbem-10902	52	8	enterprises	enterprise	NOUN
fbem-10902	52	9	can	can	AUX
fbem-10902	52	10	well	well	ADV
fbem-10902	52	11	reflect	reflect	VERB
fbem-10902	52	12	the	the	DET
fbem-10902	52	13	green	green	ADJ
fbem-10902	52	14	innovation	innovation	NOUN
fbem-10902	52	15	achievements	achievement	NOUN
fbem-10902	52	16	of	of	ADP
fbem-10902	52	17	enterprises	enterprise	NOUN
fbem-10902	52	18	,	,	PUNCT
fbem-10902	52	19	and	and	CCONJ
fbem-10902	52	20	the	the	DET
fbem-10902	52	21	disclosure	disclosure	NOUN
fbem-10902	52	22	of	of	ADP
fbem-10902	52	23	relevant	relevant	ADJ
fbem-10902	52	24	data	datum	NOUN
fbem-10902	52	25	is	be	AUX
fbem-10902	52	26	more	more	ADV
fbem-10902	52	27	comprehensive	comprehensive	ADJ
fbem-10902	52	28	.	.	PUNCT
fbem-10902	53	1	generally	generally	ADV
fbem-10902	53	2	speaking	speak	VERB
fbem-10902	53	3	,	,	PUNCT
fbem-10902	53	4	invention	invention	NOUN
fbem-10902	53	5	-	-	PUNCT
fbem-10902	53	6	based	base	VERB
fbem-10902	53	7	innovation	innovation	NOUN
fbem-10902	53	8	is	be	AUX
fbem-10902	53	9	the	the	DET
fbem-10902	53	10	most	most	ADV
fbem-10902	53	11	important	important	ADJ
fbem-10902	53	12	measure	measure	NOUN
fbem-10902	53	13	reflecting	reflect	VERB
fbem-10902	53	14	the	the	DET
fbem-10902	53	15	innovation	innovation	NOUN
fbem-10902	53	16	capability	capability	NOUN
fbem-10902	53	17	of	of	ADP
fbem-10902	53	18	enterprises	enterprise	NOUN
fbem-10902	53	19	.	.	PUNCT
fbem-10902	54	1	therefore	therefore	ADV
fbem-10902	54	2	,	,	PUNCT
fbem-10902	54	3	on	on	ADP
fbem-10902	54	4	the	the	DET
fbem-10902	54	5	basis	basis	NOUN
fbem-10902	54	6	of	of	ADP
fbem-10902	54	7	existing	exist	VERB
fbem-10902	54	8	studies	study	NOUN
fbem-10902	54	9	[	[	X
fbem-10902	54	10	17	17	NUM
fbem-10902	54	11	,	,	PUNCT
fbem-10902	54	12	18	18	NUM
fbem-10902	54	13	]	]	PUNCT
fbem-10902	54	14	(	(	PUNCT
fbem-10902	54	15	wang	wang	PROPN
fbem-10902	54	16	zhenyu	zhenyu	PROPN
fbem-10902	54	17	and	and	CCONJ
fbem-10902	54	18	cao	cao	PROPN
fbem-10902	54	19	yu	yu	PROPN
fbem-10902	54	20	,	,	PUNCT
fbem-10902	54	21	2020	2020	NUM
fbem-10902	54	22	;	;	PUNCT
fbem-10902	54	23	wang	wang	PROPN
fbem-10902	54	24	xiaoqi	xiaoqi	PROPN
fbem-10902	54	25	and	and	CCONJ
fbem-10902	54	26	hao	hao	PROPN
fbem-10902	54	27	shuangguang	shuangguang	PROPN
fbem-10902	54	28	,	,	PUNCT
fbem-10902	54	29	2020	2020	NUM
fbem-10902	54	30	)	)	PUNCT
fbem-10902	54	31	,	,	PUNCT
fbem-10902	54	32	in	in	ADP
fbem-10902	54	33	addition	addition	NOUN
fbem-10902	54	34	to	to	ADP
fbem-10902	54	35	adopting	adopt	VERB
fbem-10902	54	36	the	the	DET
fbem-10902	54	37	total	total	ADJ
fbem-10902	54	38	number	number	NOUN
fbem-10902	54	39	of	of	ADP
fbem-10902	54	40	green	green	ADJ
fbem-10902	54	41	patent	patent	NOUN
fbem-10902	54	42	applications	application	NOUN
fbem-10902	54	43	(	(	PUNCT
fbem-10902	54	44	lngi	lngi	PROPN
fbem-10902	54	45	)	)	PUNCT
fbem-10902	54	46	of	of	ADP
fbem-10902	54	47	the	the	DET
fbem-10902	54	48	enterprise	enterprise	NOUN
fbem-10902	54	49	in	in	ADP
fbem-10902	54	50	the	the	DET
fbem-10902	54	51	current	current	ADJ
fbem-10902	54	52	period	period	NOUN
fbem-10902	54	53	to	to	PART
fbem-10902	54	54	measure	measure	VERB
fbem-10902	54	55	the	the	DET
fbem-10902	54	56	enterprise	enterprise	NOUN
fbem-10902	54	57	's	's	PART
fbem-10902	54	58	green	green	ADJ
fbem-10902	54	59	innovation	innovation	NOUN
fbem-10902	54	60	capability	capability	NOUN
fbem-10902	54	61	,	,	PUNCT
fbem-10902	54	62	this	this	DET
fbem-10902	54	63	paper	paper	NOUN
fbem-10902	54	64	also	also	ADV
fbem-10902	54	65	separately	separately	ADV
fbem-10902	54	66	takes	take	VERB
fbem-10902	54	67	the	the	DET
fbem-10902	54	68	green	green	PROPN
fbem-10902	54	69	invention	invention	NOUN
fbem-10902	54	70	patent	patent	NOUN
fbem-10902	54	71	applications	application	NOUN
fbem-10902	54	72	as	as	ADP
fbem-10902	54	73	the	the	DET
fbem-10902	54	74	core	core	NOUN
fbem-10902	54	75	explanatory	explanatory	ADJ
fbem-10902	54	76	variable	variable	NOUN
fbem-10902	54	77	,	,	PUNCT
fbem-10902	54	78	i.e.	i.e.	X
fbem-10902	54	79	(	(	PUNCT
fbem-10902	54	80	lngi_inv	lngi_inv	NUM
fbem-10902	54	81	)	)	PUNCT
fbem-10902	54	82	.	.	PUNCT
fbem-10902	55	1	explanatory	explanatory	ADJ
fbem-10902	55	2	variable	variable	NOUN
fbem-10902	55	3	(	(	PUNCT
fbem-10902	55	4	do	do	PROPN
fbem-10902	55	5	)	)	PUNCT
fbem-10902	55	6	.	.	PUNCT
fbem-10902	56	1	since	since	SCONJ
fbem-10902	56	2	it	it	PRON
fbem-10902	56	3	is	be	AUX
fbem-10902	56	4	not	not	PART
fbem-10902	56	5	mandatory	mandatory	ADJ
fbem-10902	56	6	for	for	SCONJ
fbem-10902	56	7	enterprises	enterprise	NOUN
fbem-10902	56	8	to	to	PART
fbem-10902	56	9	disclose	disclose	VERB
fbem-10902	56	10	information	information	NOUN
fbem-10902	56	11	on	on	ADP
fbem-10902	56	12	do	do	AUX
fbem-10902	56	13	in	in	ADP
fbem-10902	56	14	china	china	PROPN
fbem-10902	56	15	,	,	PUNCT
fbem-10902	56	16	it	it	PRON
fbem-10902	56	17	is	be	AUX
fbem-10902	56	18	difficult	difficult	ADJ
fbem-10902	56	19	to	to	PART
fbem-10902	56	20	obtain	obtain	VERB
fbem-10902	56	21	relevant	relevant	ADJ
fbem-10902	56	22	data	datum	NOUN
fbem-10902	56	23	such	such	ADJ
fbem-10902	56	24	as	as	ADP
fbem-10902	56	25	the	the	DET
fbem-10902	56	26	amount	amount	NOUN
fbem-10902	56	27	of	of	ADP
fbem-10902	56	28	do	do	AUX
fbem-10902	56	29	insurance	insurance	NOUN
fbem-10902	56	30	.	.	PUNCT
fbem-10902	57	1	therefore	therefore	ADV
fbem-10902	57	2	,	,	PUNCT
fbem-10902	57	3	drawing	draw	VERB
fbem-10902	57	4	on	on	ADP
fbem-10902	57	5	the	the	DET
fbem-10902	57	6	research	research	NOUN
fbem-10902	57	7	methodology	methodology	NOUN
fbem-10902	57	8	of	of	ADP
fbem-10902	57	9	existing	exist	VERB
fbem-10902	57	10	literature	literature	NOUN
fbem-10902	57	11	[	[	X
fbem-10902	57	12	8	8	NUM
fbem-10902	57	13	]	]	PUNCT
fbem-10902	57	14	,	,	PUNCT
fbem-10902	57	15	the	the	DET
fbem-10902	57	16	purchase	purchase	NOUN
fbem-10902	57	17	of	of	ADP
fbem-10902	57	18	directors	director	NOUN
fbem-10902	57	19	'	'	PART
fbem-10902	57	20	liability	liability	NOUN
fbem-10902	57	21	insurance	insurance	NOUN
fbem-10902	57	22	is	be	AUX
fbem-10902	57	23	represented	represent	VERB
fbem-10902	57	24	with	with	ADP
fbem-10902	57	25	the	the	DET
fbem-10902	57	26	help	help	NOUN
fbem-10902	57	27	of	of	ADP
fbem-10902	57	28	a	a	DET
fbem-10902	57	29	dummy	dummy	ADJ
fbem-10902	57	30	variable	variable	NOUN
fbem-10902	57	31	(	(	PUNCT
fbem-10902	57	32	do	do	AUX
fbem-10902	57	33	):	):	PUNCT
fbem-10902	57	34	if	if	SCONJ
fbem-10902	57	35	a	a	DET
fbem-10902	57	36	firm	firm	NOUN
fbem-10902	57	37	announces	announce	VERB
fbem-10902	57	38	the	the	DET
fbem-10902	57	39	purchase	purchase	NOUN
fbem-10902	57	40	of	of	ADP
fbem-10902	57	41	directors	director	NOUN
fbem-10902	57	42	'	'	PART
fbem-10902	57	43	liability	liability	NOUN
fbem-10902	57	44	insurance	insurance	NOUN
fbem-10902	57	45	in	in	ADP
fbem-10902	57	46	the	the	DET
fbem-10902	57	47	current	current	ADJ
fbem-10902	57	48	year	year	NOUN
fbem-10902	57	49	,	,	PUNCT
fbem-10902	57	50	it	it	PRON
fbem-10902	57	51	is	be	AUX
fbem-10902	57	52	recorded	record	VERB
fbem-10902	57	53	as	as	ADP
fbem-10902	57	54	1	1	NUM
fbem-10902	57	55	,	,	PUNCT
fbem-10902	57	56	and	and	CCONJ
fbem-10902	57	57	vice	vice	ADV
fbem-10902	57	58	versa	versa	ADV
fbem-10902	57	59	,	,	PUNCT
fbem-10902	57	60	it	it	PRON
fbem-10902	57	61	is	be	AUX
fbem-10902	57	62	recorded	record	VERB
fbem-10902	57	63	as	as	ADP
fbem-10902	57	64	0	0	NUM
fbem-10902	57	65	.	.	PUNCT
fbem-10902	58	1	meanwhile	meanwhile	ADV
fbem-10902	58	2	,	,	PUNCT
fbem-10902	58	3	this	this	DET
fbem-10902	58	4	paper	paper	NOUN
fbem-10902	58	5	refers	refer	VERB
fbem-10902	58	6	to	to	ADP
fbem-10902	58	7	the	the	DET
fbem-10902	58	8	practice	practice	NOUN
fbem-10902	58	9	of	of	ADP
fbem-10902	58	10	hu	hu	PROPN
fbem-10902	58	11	guoliu	guoliu	PROPN
fbem-10902	58	12	and	and	CCONJ
fbem-10902	58	13	li	li	PROPN
fbem-10902	58	14	shao	shao	PROPN
fbem-10902	58	15	-	-	PUNCT
fbem-10902	58	16	hua	hua	PROPN
fbem-10902	59	1	[	[	X
fbem-10902	59	2	19	19	NUM
fbem-10902	59	3	]	]	PUNCT
fbem-10902	59	4	(	(	PUNCT
fbem-10902	59	5	2014	2014	NUM
fbem-10902	59	6	)	)	PUNCT
fbem-10902	59	7	,	,	PUNCT
fbem-10902	59	8	which	which	PRON
fbem-10902	59	9	regards	regard	VERB
fbem-10902	59	10	firms	firm	NOUN
fbem-10902	59	11	as	as	ADP
fbem-10902	59	12	continuing	continue	VERB
fbem-10902	59	13	to	to	PART
fbem-10902	59	14	subscribe	subscribe	VERB
fbem-10902	59	15	to	to	ADP
fbem-10902	59	16	the	the	DET
fbem-10902	59	17	purchase	purchase	NOUN
fbem-10902	59	18	of	of	ADP
fbem-10902	59	19	directors	director	NOUN
fbem-10902	59	20	'	'	PART
fbem-10902	59	21	liability	liability	NOUN
fbem-10902	59	22	insurance	insurance	NOUN
fbem-10902	59	23	if	if	SCONJ
fbem-10902	59	24	they	they	PRON
fbem-10902	59	25	introduce	introduce	VERB
fbem-10902	59	26	it	it	PRON
fbem-10902	59	27	in	in	ADP
fbem-10902	59	28	the	the	DET
fbem-10902	59	29	subsequent	subsequent	ADJ
fbem-10902	59	30	year	year	NOUN
fbem-10902	59	31	without	without	ADP
fbem-10902	59	32	announcing	announce	VERB
fbem-10902	59	33	the	the	DET
fbem-10902	59	34	cessation	cessation	NOUN
fbem-10902	59	35	of	of	ADP
fbem-10902	59	36	the	the	DET
fbem-10902	59	37	purchase	purchase	NOUN
fbem-10902	59	38	.	.	PUNCT
fbem-10902	60	1	the	the	DET
fbem-10902	60	2	above	above	ADJ
fbem-10902	60	3	approach	approach	NOUN
fbem-10902	60	4	has	have	AUX
fbem-10902	60	5	been	be	AUX
fbem-10902	60	6	adopted	adopt	VERB
fbem-10902	60	7	by	by	ADP
fbem-10902	60	8	most	most	ADJ
fbem-10902	60	9	relevant	relevant	ADJ
fbem-10902	60	10	studies	study	NOUN
fbem-10902	60	11	.	.	PUNCT
fbem-10902	61	1	the	the	DET
fbem-10902	61	2	mediating	mediate	VERB
fbem-10902	61	3	variable	variable	ADJ
fbem-10902	61	4	risk	risk	NOUN
fbem-10902	61	5	.	.	PUNCT
fbem-10902	62	1	the	the	DET
fbem-10902	62	2	measure	measure	NOUN
fbem-10902	62	3	of	of	ADP
fbem-10902	62	4	the	the	DET
fbem-10902	62	5	level	level	NOUN
fbem-10902	62	6	of	of	ADP
fbem-10902	62	7	corporate	corporate	ADJ
fbem-10902	62	8	risk	risk	NOUN
fbem-10902	62	9	-	-	PUNCT
fbem-10902	62	10	taking	taking	NOUN
fbem-10902	62	11	,	,	PUNCT
fbem-10902	62	12	drawing	draw	VERB
fbem-10902	62	13	on	on	ADP
fbem-10902	62	14	the	the	DET
fbem-10902	62	15	approach	approach	NOUN
fbem-10902	62	16	of	of	ADP
fbem-10902	62	17	yu	yu	PROPN
fbem-10902	62	18	minggui	minggui	PROPN
fbem-10902	63	1	[	[	X
fbem-10902	63	2	20	20	NUM
fbem-10902	63	3	]	]	PUNCT
fbem-10902	63	4	(	(	PUNCT
fbem-10902	63	5	2013	2013	NUM
fbem-10902	63	6	)	)	PUNCT
fbem-10902	63	7	,	,	PUNCT
fbem-10902	63	8	selects	select	VERB
fbem-10902	63	9	earnings	earning	NOUN
fbem-10902	63	10	volatility	volatility	NOUN
fbem-10902	63	11	(	(	PUNCT
fbem-10902	63	12	risk	risk	NOUN
fbem-10902	63	13	)	)	PUNCT
fbem-10902	63	14	as	as	ADP
fbem-10902	63	15	its	its	PRON
fbem-10902	63	16	measure	measure	NOUN
fbem-10902	63	17	,	,	PUNCT
fbem-10902	63	18	which	which	PRON
fbem-10902	63	19	uses	use	VERB
fbem-10902	63	20	the	the	DET
fbem-10902	63	21	degree	degree	NOUN
fbem-10902	63	22	of	of	ADP
fbem-10902	63	23	volatility	volatility	NOUN
fbem-10902	63	24	of	of	ADP
fbem-10902	63	25	the	the	DET
fbem-10902	63	26	firm	firm	NOUN
fbem-10902	63	27	's	's	PART
fbem-10902	63	28	return	return	NOUN
fbem-10902	63	29	on	on	ADP
fbem-10902	63	30	assets	asset	NOUN
fbem-10902	63	31	(	(	PUNCT
fbem-10902	63	32	roa	roa	NOUN
fbem-10902	63	33	)	)	PUNCT
fbem-10902	63	34	over	over	ADP
fbem-10902	63	35	a	a	DET
fbem-10902	63	36	period	period	NOUN
fbem-10902	63	37	of	of	ADP
fbem-10902	63	38	three	three	NUM
fbem-10902	63	39	years	year	NOUN
fbem-10902	63	40	(	(	PUNCT
fbem-10902	63	41	from	from	ADP
fbem-10902	63	42	year	year	NOUN
fbem-10902	63	43	t	t	PROPN
fbem-10902	63	44	to	to	ADP
fbem-10902	63	45	year	year	NOUN
fbem-10902	63	46	t+2	t+2	NUM
fbem-10902	63	47	)	)	PUNCT
fbem-10902	63	48	as	as	ADP
fbem-10902	63	49	its	its	PRON
fbem-10902	63	50	measure	measure	NOUN
fbem-10902	63	51	.	.	PUNCT
fbem-10902	64	1	it	it	PRON
fbem-10902	64	2	is	be	AUX
fbem-10902	64	3	calculated	calculate	VERB
fbem-10902	64	4	by	by	ADP
fbem-10902	64	5	first	first	ADV
fbem-10902	64	6	adjusting	adjust	VERB
fbem-10902	64	7	the	the	DET
fbem-10902	64	8	firm	firm	NOUN
fbem-10902	64	9	's	's	PART
fbem-10902	64	10	roa	roa	NOUN
fbem-10902	64	11	for	for	ADP
fbem-10902	64	12	each	each	DET
fbem-10902	64	13	year	year	NOUN
fbem-10902	64	14	using	use	VERB
fbem-10902	64	15	the	the	DET
fbem-10902	64	16	industry	industry	NOUN
fbem-10902	64	17	average	average	NOUN
fbem-10902	64	18	,	,	PUNCT
fbem-10902	64	19	and	and	CCONJ
fbem-10902	64	20	then	then	ADV
fbem-10902	64	21	calculating	calculate	VERB
fbem-10902	64	22	the	the	DET
fbem-10902	64	23	standard	standard	ADJ
fbem-10902	64	24	deviation	deviation	NOUN
fbem-10902	64	25	of	of	ADP
fbem-10902	64	26	the	the	DET
fbem-10902	64	27	firm	firm	NOUN
fbem-10902	64	28	's	's	PART
fbem-10902	64	29	industryadjusted	industryadjuste	VERB
fbem-10902	64	30	roa	roa	NOUN
fbem-10902	64	31	for	for	ADP
fbem-10902	64	32	each	each	DET
fbem-10902	64	33	observation	observation	NOUN
fbem-10902	64	34	period	period	NOUN
fbem-10902	64	35	,	,	PUNCT
fbem-10902	64	36	i.e.	i.e.	X
fbem-10902	64	37	,	,	PUNCT
fbem-10902	64	38	the	the	DET
fbem-10902	64	39	firm	firm	NOUN
fbem-10902	64	40	's	's	PART
fbem-10902	64	41	risktaking	risktaking	NOUN
fbem-10902	64	42	.	.	PUNCT
fbem-10902	65	1	control	control	PROPN
fbem-10902	65	2	variablescontrols.drawing	variablescontrols.drawe	VERB
fbem-10902	65	3	on	on	ADP
fbem-10902	65	4	existing	exist	VERB
fbem-10902	65	5	literature	literature	NOUN
fbem-10902	65	6	[	[	X
fbem-10902	65	7	21	21	NUM
fbem-10902	65	8	,	,	PUNCT
fbem-10902	65	9	22	22	NUM
fbem-10902	65	10	]	]	PUNCT
fbem-10902	65	11	(	(	PUNCT
fbem-10902	65	12	lai	lai	PROPN
fbem-10902	65	13	,	,	PUNCT
fbem-10902	65	14	lai	lai	PROPN
fbem-10902	65	15	et	et	PROPN
fbem-10902	65	16	al	al	PROPN
fbem-10902	65	17	.	.	PROPN
fbem-10902	65	18	,	,	PUNCT
fbem-10902	65	19	2019	2019	NUM
fbem-10902	65	20	;	;	PUNCT
fbem-10902	65	21	li	li	PROPN
fbem-10902	65	22	,	,	PUNCT
fbem-10902	65	23	conggang	conggang	PROPN
fbem-10902	65	24	and	and	CCONJ
fbem-10902	65	25	xu	xu	PROPN
fbem-10902	65	26	,	,	PUNCT
fbem-10902	65	27	rong	rong	PROPN
fbem-10902	65	28	,	,	PUNCT
fbem-10902	65	29	2019	2019	NUM
fbem-10902	65	30	)	)	PUNCT
fbem-10902	65	31	,	,	PUNCT
fbem-10902	65	32	this	this	DET
fbem-10902	65	33	paper	paper	NOUN
fbem-10902	65	34	selects	select	NOUN
fbem-10902	65	35	firm	firm	ADJ
fbem-10902	65	36	size	size	NOUN
fbem-10902	65	37	(	(	PUNCT
fbem-10902	65	38	size	size	NOUN
fbem-10902	65	39	)	)	PUNCT
fbem-10902	65	40	,	,	PUNCT
fbem-10902	65	41	gearing	gear	VERB
fbem-10902	65	42	ratio	ratio	NOUN
fbem-10902	65	43	(	(	PUNCT
fbem-10902	65	44	lev	lev	NOUN
fbem-10902	65	45	)	)	PUNCT
fbem-10902	65	46	,	,	PUNCT
fbem-10902	65	47	firm	firm	ADJ
fbem-10902	65	48	age	age	NOUN
fbem-10902	65	49	(	(	PUNCT
fbem-10902	65	50	age	age	NOUN
fbem-10902	65	51	)	)	PUNCT
fbem-10902	65	52	,	,	PUNCT
fbem-10902	65	53	profitability	profitability	NOUN
fbem-10902	65	54	(	(	PUNCT
fbem-10902	65	55	roa	roa	NOUN
fbem-10902	65	56	)	)	PUNCT
fbem-10902	65	57	,	,	PUNCT
fbem-10902	65	58	nature	nature	NOUN
fbem-10902	65	59	of	of	ADP
fbem-10902	65	60	property	property	NOUN
fbem-10902	65	61	rights	right	NOUN
fbem-10902	65	62	(	(	PUNCT
fbem-10902	65	63	soe	soe	PROPN
fbem-10902	65	64	)	)	PUNCT
fbem-10902	65	65	,	,	PUNCT
fbem-10902	65	66	proportion	proportion	NOUN
fbem-10902	65	67	of	of	ADP
fbem-10902	65	68	shareholding	shareholding	NOUN
fbem-10902	65	69	of	of	ADP
fbem-10902	65	70	the	the	DET
fbem-10902	65	71	top	top	ADJ
fbem-10902	65	72	ten	ten	NUM
fbem-10902	65	73	shareholders	shareholder	NOUN
fbem-10902	65	74	(	(	PUNCT
fbem-10902	65	75	top10	top10	NOUN
fbem-10902	65	76	)	)	PUNCT
fbem-10902	65	77	,	,	PUNCT
fbem-10902	65	78	enterprise	enterprise	NOUN
fbem-10902	65	79	value	value	NOUN
fbem-10902	65	80	(	(	PUNCT
fbem-10902	65	81	tobinq	tobinq	ADJ
fbem-10902	65	82	)	)	PUNCT
fbem-10902	65	83	,	,	PUNCT
fbem-10902	65	84	free	free	ADJ
fbem-10902	65	85	cash	cash	NOUN
fbem-10902	65	86	flow	flow	NOUN
fbem-10902	65	87	(	(	PUNCT
fbem-10902	65	88	cashflow	cashflow	NOUN
fbem-10902	65	89	)	)	PUNCT
fbem-10902	65	90	,	,	PUNCT
fbem-10902	65	91	firm	firm	ADJ
fbem-10902	65	92	growth	growth	NOUN
fbem-10902	65	93	(	(	PUNCT
fbem-10902	65	94	growth	growth	NOUN
fbem-10902	65	95	)	)	PUNCT
fbem-10902	65	96	,	,	PUNCT
fbem-10902	65	97	management	management	NOUN
fbem-10902	65	98	shareholding	shareholding	NOUN
fbem-10902	65	99	(	(	PUNCT
fbem-10902	65	100	mshare	mshare	PROPN
fbem-10902	65	101	)	)	PUNCT
fbem-10902	65	102	,	,	PUNCT
fbem-10902	65	103	two	two	NUM
fbem-10902	65	104	positions	position	NOUN
fbem-10902	65	105	(	(	PUNCT
fbem-10902	65	106	dual	dual	ADJ
fbem-10902	65	107	)	)	PUNCT
fbem-10902	65	108	,	,	PUNCT
fbem-10902	65	109	whether	whether	SCONJ
fbem-10902	65	110	big	big	ADJ
fbem-10902	65	111	4	4	NUM
fbem-10902	65	112	auditing	auditing	NOUN
fbem-10902	65	113	(	(	PUNCT
fbem-10902	65	114	big4	big4	PROPN
fbem-10902	65	115	)	)	PUNCT
fbem-10902	65	116	,	,	PUNCT
fbem-10902	65	117	and	and	CCONJ
fbem-10902	65	118	the	the	DET
fbem-10902	65	119	percentage	percentage	NOUN
fbem-10902	65	120	of	of	ADP
fbem-10902	65	121	independent	independent	ADJ
fbem-10902	65	122	directors	director	NOUN
fbem-10902	65	123	(	(	PUNCT
fbem-10902	65	124	indep	indep	NOUN
fbem-10902	65	125	)	)	PUNCT
fbem-10902	65	126	are	be	AUX
fbem-10902	65	127	used	use	VERB
fbem-10902	65	128	as	as	ADP
fbem-10902	65	129	control	control	NOUN
fbem-10902	65	130	variables	variable	NOUN
fbem-10902	65	131	;	;	PUNCT
fbem-10902	65	132	industry	industry	NOUN
fbem-10902	65	133	fixed	fix	VERB
fbem-10902	65	134	effects	effect	NOUN
fbem-10902	65	135	and	and	CCONJ
fbem-10902	65	136	year	year	NOUN
fbem-10902	65	137	fixed	fix	VERB
fbem-10902	65	138	effects	effect	NOUN
fbem-10902	65	139	are	be	AUX
fbem-10902	65	140	also	also	ADV
fbem-10902	65	141	controlled	control	VERB
fbem-10902	65	142	.	.	PUNCT
fbem-10902	66	1	see	see	VERB
fbem-10902	66	2	table	table	NOUN
fbem-10902	66	3	1	1	NUM
fbem-10902	66	4	for	for	ADP
fbem-10902	66	5	detailed	detailed	ADJ
fbem-10902	66	6	variable	variable	ADJ
fbem-10902	66	7	descriptions	description	NOUN
fbem-10902	66	8	.	.	PUNCT
fbem-10902	67	1	table	table	NOUN
fbem-10902	67	2	1	1	NUM
fbem-10902	67	3	.	.	PUNCT
fbem-10902	68	1	variable	variable	ADJ
fbem-10902	68	2	definition	definition	NOUN
fbem-10902	68	3	number	number	NOUN
fbem-10902	68	4	scheme	scheme	NOUN
fbem-10902	68	5	1	1	NUM
fbem-10902	68	6	scheme	scheme	NOUN
fbem-10902	68	7	2	2	NUM
fbem-10902	68	8	scheme	scheme	NOUN
fbem-10902	68	9	3	3	NUM
fbem-10902	68	10	dependent	dependent	ADJ
fbem-10902	68	11	variable	variable	ADJ
fbem-10902	68	12	green	green	ADJ
fbem-10902	68	13	innovation	innovation	NOUN
fbem-10902	68	14	lngi	lngi	VERB
fbem-10902	68	15	ln(total	ln(total	ADJ
fbem-10902	68	16	number	number	NOUN
fbem-10902	68	17	of	of	ADP
fbem-10902	68	18	green	green	ADJ
fbem-10902	68	19	patent	patent	NOUN
fbem-10902	68	20	applications	application	NOUN
fbem-10902	68	21	filed	file	VERB
fbem-10902	68	22	by	by	ADP
fbem-10902	68	23	firms	firm	NOUN
fbem-10902	68	24	in	in	ADP
fbem-10902	68	25	the	the	DET
fbem-10902	68	26	current	current	ADJ
fbem-10902	68	27	period	period	NOUN
fbem-10902	68	28	+	+	CCONJ
fbem-10902	68	29	1	1	X
fbem-10902	68	30	)	)	PUNCT
fbem-10902	68	31	lngi_inv	lngi_inv	VERB
fbem-10902	68	32	ln(total	ln(total	ADJ
fbem-10902	68	33	number	number	NOUN
fbem-10902	68	34	of	of	ADP
fbem-10902	68	35	green	green	ADJ
fbem-10902	68	36	patent	patent	NOUN
fbem-10902	68	37	applications	application	NOUN
fbem-10902	68	38	filed	file	VERB
fbem-10902	68	39	by	by	ADP
fbem-10902	68	40	enterprises	enterprise	NOUN
fbem-10902	68	41	in	in	ADP
fbem-10902	68	42	the	the	DET
fbem-10902	68	43	current	current	ADJ
fbem-10902	68	44	period+1	period+1	NOUN
fbem-10902	68	45	)	)	PUNCT
fbem-10902	68	46	independent	independent	ADJ
fbem-10902	68	47	variable	variable	ADJ
fbem-10902	68	48	director	director	NOUN
fbem-10902	68	49	's	's	PART
fbem-10902	68	50	liability	liability	NOUN
fbem-10902	68	51	insurance	insurance	NOUN
fbem-10902	68	52	do	do	VERB
fbem-10902	68	53	if	if	SCONJ
fbem-10902	68	54	the	the	DET
fbem-10902	68	55	enterprise	enterprise	NOUN
fbem-10902	68	56	purchases	purchase	VERB
fbem-10902	68	57	director	director	NOUN
fbem-10902	68	58	's	's	PART
fbem-10902	68	59	liability	liability	NOUN
fbem-10902	68	60	insurance	insurance	NOUN
fbem-10902	68	61	in	in	ADP
fbem-10902	68	62	the	the	DET
fbem-10902	68	63	current	current	ADJ
fbem-10902	68	64	period	period	NOUN
fbem-10902	68	65	,	,	PUNCT
fbem-10902	68	66	it	it	PRON
fbem-10902	68	67	takes	take	VERB
fbem-10902	68	68	the	the	DET
fbem-10902	68	69	value	value	NOUN
fbem-10902	68	70	of	of	ADP
fbem-10902	68	71	1	1	NUM
fbem-10902	68	72	,	,	PUNCT
fbem-10902	68	73	otherwise	otherwise	ADV
fbem-10902	68	74	it	it	PRON
fbem-10902	68	75	takes	take	VERB
fbem-10902	68	76	the	the	DET
fbem-10902	68	77	value	value	NOUN
fbem-10902	68	78	of	of	ADP
fbem-10902	68	79	0	0	NUM
fbem-10902	68	80	.	.	PUNCT
fbem-10902	69	1	intermediation	intermediation	NOUN
fbem-10902	69	2	variables	variable	VERB
fbem-10902	69	3	risk	risk	NOUN
fbem-10902	69	4	taking	take	VERB
fbem-10902	69	5	risk	risk	NOUN
fbem-10902	69	6	volatility	volatility	NOUN
fbem-10902	69	7	of	of	ADP
fbem-10902	69	8	return	return	NOUN
fbem-10902	69	9	on	on	ADP
fbem-10902	69	10	assets	asset	NOUN
fbem-10902	69	11	control	control	NOUN
fbem-10902	69	12	variables	variable	NOUN
fbem-10902	69	13	firm	firm	ADJ
fbem-10902	69	14	size	size	NOUN
fbem-10902	69	15	size	size	NOUN
fbem-10902	69	16	ln	ln	NOUN
fbem-10902	69	17	(	(	PUNCT
fbem-10902	69	18	total	total	ADJ
fbem-10902	69	19	assets	asset	NOUN
fbem-10902	69	20	at	at	ADP
fbem-10902	69	21	year	year	NOUN
fbem-10902	69	22	-	-	PUNCT
fbem-10902	69	23	end	end	NOUN
fbem-10902	69	24	)	)	PUNCT
fbem-10902	69	25	gearing	gear	VERB
fbem-10902	69	26	ratio	ratio	NOUN
fbem-10902	69	27	lev	lev	NOUN
fbem-10902	69	28	total	total	ADJ
fbem-10902	69	29	liabilities	liability	NOUN
fbem-10902	69	30	/	/	SYM
fbem-10902	69	31	total	total	ADJ
fbem-10902	69	32	assets	asset	NOUN
fbem-10902	69	33	at	at	ADP
fbem-10902	69	34	year	year	NOUN
fbem-10902	69	35	-	-	PUNCT
fbem-10902	69	36	end	end	NOUN
fbem-10902	69	37	return	return	NOUN
fbem-10902	69	38	on	on	ADP
fbem-10902	69	39	total	total	ADJ
fbem-10902	69	40	assets	asset	NOUN
fbem-10902	69	41	roa	roa	PROPN
fbem-10902	69	42	net	net	ADJ
fbem-10902	69	43	profit	profit	NOUN
fbem-10902	69	44	/	/	SYM
fbem-10902	69	45	average	average	ADJ
fbem-10902	69	46	total	total	ADJ
fbem-10902	69	47	assets	asset	NOUN
fbem-10902	69	48	company	company	NOUN
fbem-10902	69	49	age	age	NOUN
fbem-10902	69	50	age	age	NOUN
fbem-10902	69	51	ln	ln	NOUN
fbem-10902	69	52	(	(	PUNCT
fbem-10902	69	53	years	year	NOUN
fbem-10902	69	54	of	of	ADP
fbem-10902	69	55	listing	list	VERB
fbem-10902	69	56	+	+	CCONJ
fbem-10902	69	57	1	1	X
fbem-10902	69	58	)	)	PUNCT
fbem-10902	69	59	enterprise	enterprise	NOUN
fbem-10902	69	60	value	value	NOUN
fbem-10902	69	61	tobinq	tobinq	ADJ
fbem-10902	69	62	total	total	ADJ
fbem-10902	69	63	market	market	NOUN
fbem-10902	69	64	capitalization	capitalization	NOUN
fbem-10902	69	65	of	of	ADP
fbem-10902	69	66	the	the	DET
fbem-10902	69	67	firm	firm	ADJ
fbem-10902	69	68	/	/	SYM
fbem-10902	69	69	total	total	ADJ
fbem-10902	69	70	assets	asset	NOUN
fbem-10902	69	71	free	free	ADJ
fbem-10902	69	72	cash	cash	NOUN
fbem-10902	69	73	flow	flow	NOUN
fbem-10902	69	74	fcf	fcf	NOUN
fbem-10902	69	75	net	net	ADJ
fbem-10902	69	76	cash	cash	NOUN
fbem-10902	69	77	flow	flow	NOUN
fbem-10902	69	78	from	from	ADP
fbem-10902	69	79	operating	operate	VERB
fbem-10902	69	80	activities	activity	NOUN
fbem-10902	69	81	for	for	ADP
fbem-10902	69	82	the	the	DET
fbem-10902	69	83	year	year	NOUN
fbem-10902	69	84	/	/	SYM
fbem-10902	69	85	total	total	ADJ
fbem-10902	69	86	assets	asset	NOUN
fbem-10902	69	87	growth	growth	NOUN
fbem-10902	69	88	growth	growth	NOUN
fbem-10902	69	89	increase	increase	NOUN
fbem-10902	69	90	in	in	ADP
fbem-10902	69	91	operating	operate	VERB
fbem-10902	69	92	income	income	NOUN
fbem-10902	69	93	/	/	SYM
fbem-10902	69	94	previous	previous	ADJ
fbem-10902	69	95	year	year	NOUN
fbem-10902	69	96	's	's	PART
fbem-10902	69	97	operating	operate	VERB
fbem-10902	69	98	income	income	NOUN
fbem-10902	69	99	nature	nature	NOUN
fbem-10902	69	100	of	of	ADP
fbem-10902	69	101	ownership	ownership	NOUN
fbem-10902	69	102	soe	soe	PROPN
fbem-10902	69	103	1	1	NUM
fbem-10902	69	104	for	for	ADP
fbem-10902	69	105	state	state	NOUN
fbem-10902	69	106	-	-	PUNCT
fbem-10902	69	107	owned	own	VERB
fbem-10902	69	108	enterprises	enterprise	NOUN
fbem-10902	69	109	and	and	CCONJ
fbem-10902	69	110	0	0	NUM
fbem-10902	69	111	for	for	ADP
fbem-10902	69	112	non	non	ADJ
fbem-10902	69	113	-	-	ADJ
fbem-10902	69	114	state	state	NOUN
fbem-10902	69	115	-	-	PUNCT
fbem-10902	69	116	owned	own	VERB
fbem-10902	69	117	enterprises	enterprise	NOUN
fbem-10902	69	118	shareholding	shareholde	VERB
fbem-10902	69	119	ratio	ratio	NOUN
fbem-10902	69	120	of	of	ADP
fbem-10902	69	121	top	top	ADJ
fbem-10902	69	122	ten	ten	NUM
fbem-10902	69	123	shareholder	shareholder	NOUN
fbem-10902	69	124	top10	top10	PROPN
fbem-10902	69	125	sum	sum	NOUN
fbem-10902	69	126	of	of	ADP
fbem-10902	69	127	top	top	ADJ
fbem-10902	69	128	10	10	NUM
fbem-10902	69	129	shareholders	shareholder	NOUN
fbem-10902	69	130	percentage	percentage	NOUN
fbem-10902	69	131	of	of	ADP
fbem-10902	69	132	independent	independent	ADJ
fbem-10902	69	133	directors	director	NOUN
fbem-10902	69	134	indep	indep	NOUN
fbem-10902	69	135	number	number	NOUN
fbem-10902	69	136	of	of	ADP
fbem-10902	69	137	independent	independent	ADJ
fbem-10902	69	138	directors	director	NOUN
fbem-10902	69	139	/	/	SYM
fbem-10902	69	140	total	total	ADJ
fbem-10902	69	141	number	number	NOUN
fbem-10902	69	142	of	of	ADP
fbem-10902	69	143	directors	director	NOUN
fbem-10902	69	144	combination	combination	NOUN
fbem-10902	69	145	of	of	ADP
fbem-10902	69	146	two	two	NUM
fbem-10902	69	147	positions	position	NOUN
fbem-10902	69	148	dual	dual	ADJ
fbem-10902	69	149	if	if	SCONJ
fbem-10902	69	150	the	the	DET
fbem-10902	69	151	chairman	chairman	NOUN
fbem-10902	69	152	of	of	ADP
fbem-10902	69	153	the	the	DET
fbem-10902	69	154	board	board	NOUN
fbem-10902	69	155	of	of	ADP
fbem-10902	69	156	directors	director	NOUN
fbem-10902	69	157	is	be	AUX
fbem-10902	69	158	also	also	ADV
fbem-10902	69	159	the	the	DET
fbem-10902	69	160	general	general	ADJ
fbem-10902	69	161	manager	manager	NOUN
fbem-10902	69	162	,	,	PUNCT
fbem-10902	69	163	the	the	DET
fbem-10902	69	164	value	value	NOUN
fbem-10902	69	165	will	will	AUX
fbem-10902	69	166	be	be	AUX
fbem-10902	69	167	1	1	NUM
fbem-10902	69	168	,	,	PUNCT
fbem-10902	69	169	otherwise	otherwise	ADV
fbem-10902	69	170	the	the	DET
fbem-10902	69	171	value	value	NOUN
fbem-10902	69	172	will	will	AUX
fbem-10902	69	173	be	be	AUX
fbem-10902	69	174	0	0	NUM
fbem-10902	69	175	big4	big4	NOUN
fbem-10902	69	176	audit	audit	NOUN
fbem-10902	69	177	big4	big4	NOUN
fbem-10902	69	178	1	1	NUM
fbem-10902	69	179	if	if	SCONJ
fbem-10902	69	180	big4	big4	NOUN
fbem-10902	69	181	audited	audit	VERB
fbem-10902	69	182	,	,	PUNCT
fbem-10902	69	183	0	0	NUM
fbem-10902	69	184	otherwise	otherwise	ADV
fbem-10902	69	185	management	management	NOUN
fbem-10902	69	186	shareholding	shareholding	NOUN
fbem-10902	69	187	ratio	ratio	NOUN
fbem-10902	69	188	mshare	mshare	ADJ
fbem-10902	69	189	total	total	ADJ
fbem-10902	69	190	number	number	NOUN
fbem-10902	69	191	of	of	ADP
fbem-10902	69	192	shares	share	NOUN
fbem-10902	69	193	held	hold	VERB
fbem-10902	69	194	by	by	ADP
fbem-10902	69	195	management	management	NOUN
fbem-10902	69	196	/	/	SYM
fbem-10902	69	197	total	total	ADJ
fbem-10902	69	198	number	number	NOUN
fbem-10902	69	199	of	of	ADP
fbem-10902	69	200	shares	share	NOUN
fbem-10902	69	201	year	year	NOUN
fbem-10902	69	202	year	year	NOUN
fbem-10902	69	203	dummy	dummy	ADJ
fbem-10902	69	204	variable	variable	NOUN
fbem-10902	69	205	for	for	ADP
fbem-10902	69	206	year	year	NOUN
fbem-10902	69	207	industry	industry	NOUN
fbem-10902	69	208	ind	ind	NOUN
fbem-10902	69	209	industry	industry	NOUN
fbem-10902	69	210	dummy	dummy	NOUN
fbem-10902	69	211	177	177	NUM
fbem-10902	69	212	3.3	3.3	NUM
fbem-10902	69	213	.	.	PUNCT
fbem-10902	70	1	model	model	NOUN
fbem-10902	70	2	setup	setup	NOUN
fbem-10902	70	3	in	in	ADP
fbem-10902	70	4	order	order	NOUN
fbem-10902	70	5	to	to	PART
fbem-10902	70	6	test	test	VERB
fbem-10902	70	7	the	the	DET
fbem-10902	70	8	direct	direct	ADJ
fbem-10902	70	9	effect	effect	NOUN
fbem-10902	70	10	of	of	ADP
fbem-10902	70	11	director	director	NOUN
fbem-10902	70	12	's	's	PART
fbem-10902	70	13	insurance	insurance	NOUN
fbem-10902	70	14	on	on	ADP
fbem-10902	70	15	corporate	corporate	ADJ
fbem-10902	70	16	green	green	ADJ
fbem-10902	70	17	innovation	innovation	NOUN
fbem-10902	70	18	,	,	PUNCT
fbem-10902	70	19	the	the	DET
fbem-10902	70	20	following	follow	VERB
fbem-10902	70	21	two	two	NUM
fbem-10902	70	22	-	-	PUNCT
fbem-10902	70	23	way	way	NOUN
fbem-10902	70	24	fixed	fix	VERB
fbem-10902	70	25	effect	effect	NOUN
fbem-10902	70	26	model	model	NOUN
fbem-10902	70	27	is	be	AUX
fbem-10902	70	28	developed	develop	VERB
fbem-10902	70	29	with	with	ADP
fbem-10902	70	30	reference	reference	NOUN
fbem-10902	70	31	to	to	ADP
fbem-10902	70	32	wenjing	wenje	VERB
fbem-10902	70	33	lai	lai	PROPN
fbem-10902	70	34	and	and	CCONJ
fbem-10902	70	35	manny	manny	PROPN
fbem-10902	70	36	zheng	zheng	PROPN
fbem-10902	70	37	(	(	PUNCT
fbem-10902	70	38	2016	2016	NUM
fbem-10902	70	39	)	)	PUNCT
fbem-10902	70	40	and	and	CCONJ
fbem-10902	70	41	xin	xin	PROPN
fbem-10902	70	42	wang	wang	PROPN
fbem-10902	70	43	(	(	PUNCT
fbem-10902	70	44	2022	2022	NUM
fbem-10902	70	45	):	):	PUNCT
fbem-10902	70	46	𝐺𝐼	𝐺𝐼	NOUN
fbem-10902	70	47	,	,	PUNCT
fbem-10902	70	48	𝑎	𝑎	PROPN
fbem-10902	70	49	𝛽𝐷𝑂	𝛽𝐷𝑂	ADJ
fbem-10902	70	50	,	,	PUNCT
fbem-10902	70	51	𝛴𝛾	𝛴𝛾	PROPN
fbem-10902	70	52	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	PROPN
fbem-10902	70	53	,	,	PUNCT
fbem-10902	70	54	𝛴𝐼𝑛𝑑	𝛴𝐼𝑛𝑑	PROPN
fbem-10902	70	55	𝛴𝑌𝑒𝑎𝑟	𝛴𝑌𝑒𝑎𝑟	PROPN
fbem-10902	70	56	𝜀	𝜀	PROPN
fbem-10902	70	57	,	,	PUNCT
fbem-10902	70	58	(	(	PUNCT
fbem-10902	70	59	1	1	X
fbem-10902	70	60	)	)	PUNCT
fbem-10902	70	61	among	among	ADP
fbem-10902	70	62	them	they	PRON
fbem-10902	70	63	,	,	PUNCT
fbem-10902	70	64	the	the	DET
fbem-10902	70	65	explanatory	explanatory	ADJ
fbem-10902	70	66	variable	variable	NOUN
fbem-10902	70	67	gi_(i	gi_(i	PROPN
fbem-10902	70	68	,	,	PUNCT
fbem-10902	70	69	t	t	PROPN
fbem-10902	70	70	)	)	PUNCT
fbem-10902	70	71	is	be	AUX
fbem-10902	70	72	the	the	DET
fbem-10902	70	73	firm	firm	NOUN
fbem-10902	70	74	's	's	PART
fbem-10902	70	75	green	green	ADJ
fbem-10902	70	76	innovation	innovation	NOUN
fbem-10902	70	77	,	,	PUNCT
fbem-10902	70	78	which	which	PRON
fbem-10902	70	79	is	be	AUX
fbem-10902	70	80	measured	measure	VERB
fbem-10902	70	81	by	by	ADP
fbem-10902	70	82	the	the	DET
fbem-10902	70	83	firm	firm	NOUN
fbem-10902	70	84	's	's	PART
fbem-10902	70	85	total	total	ADJ
fbem-10902	70	86	number	number	NOUN
fbem-10902	70	87	of	of	ADP
fbem-10902	70	88	green	green	ADJ
fbem-10902	70	89	patent	patent	NOUN
fbem-10902	70	90	applications	application	NOUN
fbem-10902	70	91	and	and	CCONJ
fbem-10902	70	92	the	the	DET
fbem-10902	70	93	number	number	NOUN
fbem-10902	70	94	of	of	ADP
fbem-10902	70	95	green	green	ADJ
fbem-10902	70	96	invention	invention	NOUN
fbem-10902	70	97	patent	patent	NOUN
fbem-10902	70	98	applications	application	NOUN
fbem-10902	70	99	in	in	ADP
fbem-10902	70	100	the	the	DET
fbem-10902	70	101	year	year	NOUN
fbem-10902	70	102	.	.	PUNCT
fbem-10902	71	1	do_(i	do_(i	PROPN
fbem-10902	71	2	,	,	PUNCT
fbem-10902	71	3	t	t	PROPN
fbem-10902	71	4	)	)	PUNCT
fbem-10902	71	5	is	be	AUX
fbem-10902	71	6	the	the	DET
fbem-10902	71	7	explanatory	explanatory	ADJ
fbem-10902	71	8	variable	variable	NOUN
fbem-10902	71	9	of	of	ADP
fbem-10902	71	10	the	the	DET
fbem-10902	71	11	model	model	NOUN
fbem-10902	71	12	,	,	PUNCT
fbem-10902	71	13	which	which	PRON
fbem-10902	71	14	indicates	indicate	VERB
fbem-10902	71	15	whether	whether	SCONJ
fbem-10902	71	16	firm	firm	ADJ
fbem-10902	71	17	i	i	PRON
fbem-10902	71	18	subscribes	subscribe	VERB
fbem-10902	71	19	to	to	ADP
fbem-10902	71	20	director	director	NOUN
fbem-10902	71	21	's	's	PART
fbem-10902	71	22	liability	liability	NOUN
fbem-10902	71	23	insurance	insurance	NOUN
fbem-10902	71	24	in	in	ADP
fbem-10902	71	25	year	year	NOUN
fbem-10902	71	26	t	t	PROPN
fbem-10902	71	27	,	,	PUNCT
fbem-10902	71	28	and	and	CCONJ
fbem-10902	71	29	it	it	PRON
fbem-10902	71	30	takes	take	VERB
fbem-10902	71	31	the	the	DET
fbem-10902	71	32	value	value	NOUN
fbem-10902	71	33	of	of	ADP
fbem-10902	71	34	1	1	NUM
fbem-10902	71	35	if	if	SCONJ
fbem-10902	71	36	it	it	PRON
fbem-10902	71	37	subscribes	subscribe	VERB
fbem-10902	71	38	to	to	ADP
fbem-10902	71	39	the	the	DET
fbem-10902	71	40	insurance	insurance	NOUN
fbem-10902	71	41	,	,	PUNCT
fbem-10902	71	42	otherwise	otherwise	ADV
fbem-10902	71	43	it	it	PRON
fbem-10902	71	44	takes	take	VERB
fbem-10902	71	45	the	the	DET
fbem-10902	71	46	value	value	NOUN
fbem-10902	71	47	of	of	ADP
fbem-10902	71	48	0	0	NUM
fbem-10902	71	49	.	.	PUNCT
fbem-10902	72	1	controls_(i	controls_(i	PROPN
fbem-10902	72	2	,	,	PUNCT
fbem-10902	72	3	t	t	PROPN
fbem-10902	72	4	)	)	PUNCT
fbem-10902	72	5	is	be	AUX
fbem-10902	72	6	all	all	DET
fbem-10902	72	7	the	the	DET
fbem-10902	72	8	control	control	NOUN
fbem-10902	72	9	variables	variable	NOUN
fbem-10902	72	10	of	of	ADP
fbem-10902	72	11	firm	firm	ADJ
fbem-10902	72	12	i	i	PRON
fbem-10902	72	13	in	in	ADP
fbem-10902	72	14	year	year	NOUN
fbem-10902	72	15	t.	t.	PROPN
fbem-10902	72	16	ind	ind	PROPN
fbem-10902	72	17	and	and	CCONJ
fbem-10902	72	18	year	year	NOUN
fbem-10902	72	19	are	be	AUX
fbem-10902	72	20	the	the	DET
fbem-10902	72	21	industry	industry	NOUN
fbem-10902	72	22	and	and	CCONJ
fbem-10902	72	23	year	year	NOUN
fbem-10902	72	24	dummy	dummy	ADJ
fbem-10902	72	25	variables	variable	NOUN
fbem-10902	72	26	,	,	PUNCT
fbem-10902	72	27	respectively	respectively	ADV
fbem-10902	72	28	,	,	PUNCT
fbem-10902	72	29	indicating	indicate	VERB
fbem-10902	72	30	that	that	SCONJ
fbem-10902	72	31	the	the	DET
fbem-10902	72	32	model	model	NOUN
fbem-10902	72	33	controls	control	VERB
fbem-10902	72	34	for	for	ADP
fbem-10902	72	35	firm	firm	ADJ
fbem-10902	72	36	industry	industry	NOUN
fbem-10902	72	37	effects	effect	NOUN
fbem-10902	72	38	and	and	CCONJ
fbem-10902	72	39	year	year	NOUN
fbem-10902	72	40	effects	effect	NOUN
fbem-10902	72	41	.	.	PUNCT
fbem-10902	73	1	ε_(i	ε_(i	NUM
fbem-10902	73	2	,	,	PUNCT
fbem-10902	73	3	t	t	PROPN
fbem-10902	73	4	)	)	PUNCT
fbem-10902	73	5	is	be	AUX
fbem-10902	73	6	the	the	DET
fbem-10902	73	7	random	random	ADJ
fbem-10902	73	8	error	error	NOUN
fbem-10902	73	9	term	term	NOUN
fbem-10902	73	10	of	of	ADP
fbem-10902	73	11	the	the	DET
fbem-10902	73	12	model	model	NOUN
fbem-10902	73	13	.	.	PUNCT
fbem-10902	74	1	ind	ind	NOUN
fbem-10902	74	2	and	and	CCONJ
fbem-10902	74	3	year	year	NOUN
fbem-10902	74	4	are	be	AUX
fbem-10902	74	5	industry	industry	NOUN
fbem-10902	74	6	and	and	CCONJ
fbem-10902	74	7	year	year	NOUN
fbem-10902	74	8	dummy	dummy	ADJ
fbem-10902	74	9	variables	variable	NOUN
fbem-10902	74	10	,	,	PUNCT
fbem-10902	74	11	respectively	respectively	ADV
fbem-10902	74	12	,	,	PUNCT
fbem-10902	74	13	indicating	indicate	VERB
fbem-10902	74	14	that	that	SCONJ
fbem-10902	74	15	the	the	DET
fbem-10902	74	16	model	model	NOUN
fbem-10902	74	17	controls	control	VERB
fbem-10902	74	18	for	for	ADP
fbem-10902	74	19	firm	firm	ADJ
fbem-10902	74	20	industry	industry	NOUN
fbem-10902	74	21	effects	effect	NOUN
fbem-10902	74	22	and	and	CCONJ
fbem-10902	74	23	year	year	NOUN
fbem-10902	74	24	effects	effect	NOUN
fbem-10902	74	25	.	.	PUNCT
fbem-10902	75	1	ε_(i	ε_(i	NUM
fbem-10902	75	2	,	,	PUNCT
fbem-10902	75	3	t	t	PROPN
fbem-10902	75	4	)	)	PUNCT
fbem-10902	75	5	is	be	AUX
fbem-10902	75	6	the	the	DET
fbem-10902	75	7	model	model	NOUN
fbem-10902	75	8	random	random	ADJ
fbem-10902	75	9	error	error	NOUN
fbem-10902	75	10	term	term	NOUN
fbem-10902	75	11	.	.	PUNCT
fbem-10902	76	1	in	in	ADP
fbem-10902	76	2	order	order	NOUN
fbem-10902	76	3	to	to	PART
fbem-10902	76	4	test	test	VERB
fbem-10902	76	5	the	the	DET
fbem-10902	76	6	mediating	mediate	VERB
fbem-10902	76	7	role	role	NOUN
fbem-10902	76	8	of	of	ADP
fbem-10902	76	9	corporate	corporate	ADJ
fbem-10902	76	10	risk	risk	NOUN
fbem-10902	76	11	-	-	PUNCT
fbem-10902	76	12	taking	taking	NOUN
fbem-10902	76	13	between	between	ADP
fbem-10902	76	14	director	director	NOUN
fbem-10902	76	15	's	's	PART
fbem-10902	76	16	insurance	insurance	NOUN
fbem-10902	76	17	and	and	CCONJ
fbem-10902	76	18	corporate	corporate	ADJ
fbem-10902	76	19	green	green	ADJ
fbem-10902	76	20	innovation	innovation	NOUN
fbem-10902	76	21	,	,	PUNCT
fbem-10902	76	22	model	model	NOUN
fbem-10902	76	23	(	(	PUNCT
fbem-10902	76	24	2	2	NUM
fbem-10902	76	25	)	)	PUNCT
fbem-10902	76	26	and	and	CCONJ
fbem-10902	76	27	(	(	PUNCT
fbem-10902	76	28	3	3	X
fbem-10902	76	29	)	)	PUNCT
fbem-10902	76	30	are	be	AUX
fbem-10902	76	31	designed	design	VERB
fbem-10902	76	32	to	to	PART
fbem-10902	76	33	synthesize	synthesize	VERB
fbem-10902	76	34	model	model	NOUN
fbem-10902	76	35	(	(	PUNCT
fbem-10902	76	36	1	1	NUM
fbem-10902	76	37	)	)	PUNCT
fbem-10902	76	38	to	to	PART
fbem-10902	76	39	study	study	VERB
fbem-10902	76	40	the	the	DET
fbem-10902	76	41	mediating	mediate	VERB
fbem-10902	76	42	role	role	NOUN
fbem-10902	76	43	of	of	ADP
fbem-10902	76	44	risk	risk	NOUN
fbem-10902	76	45	-	-	PUNCT
fbem-10902	76	46	taking	taking	NOUN
fbem-10902	76	47	,	,	PUNCT
fbem-10902	76	48	drawing	draw	VERB
fbem-10902	76	49	on	on	ADP
fbem-10902	76	50	wen	wen	PROPN
fbem-10902	76	51	zhonglin	zhonglin	PROPN
fbem-10902	76	52	et	et	PROPN
fbem-10902	76	53	al	al	PROPN
fbem-10902	76	54	.	.	PROPN
fbem-10902	77	1	(	(	PUNCT
fbem-10902	77	2	2004	2004	NUM
fbem-10902	77	3	)	)	PUNCT
fbem-10902	77	4	.	.	PUNCT
fbem-10902	78	1	𝑅𝐼𝑆𝐾	𝑅𝐼𝑆𝐾	NOUN
fbem-10902	78	2	,	,	PUNCT
fbem-10902	78	3	𝑎	𝑎	NOUN
fbem-10902	78	4	𝛽	𝛽	NOUN
fbem-10902	78	5	𝐷𝑂	𝐷𝑂	NOUN
fbem-10902	78	6	,	,	PUNCT
fbem-10902	78	7	𝛴𝛾	𝛴𝛾	PROPN
fbem-10902	78	8	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	PROPN
fbem-10902	78	9	,	,	PUNCT
fbem-10902	78	10	𝛴𝐼𝑛𝑑	𝛴𝐼𝑛𝑑	PROPN
fbem-10902	78	11	𝛴𝑌𝑒𝑎𝑟	𝛴𝑌𝑒𝑎𝑟	PROPN
fbem-10902	78	12	𝜀	𝜀	PROPN
fbem-10902	78	13	,	,	PUNCT
fbem-10902	78	14	(	(	PUNCT
fbem-10902	78	15	2	2	NUM
fbem-10902	78	16	)	)	PUNCT
fbem-10902	78	17	𝐿𝑛𝐺𝐼	𝐿𝑛𝐺𝐼	NOUN
fbem-10902	78	18	,	,	PUNCT
fbem-10902	78	19	𝑎	𝑎	NOUN
fbem-10902	78	20	𝛽	𝛽	NOUN
fbem-10902	78	21	𝐷𝑂	𝐷𝑂	NOUN
fbem-10902	78	22	,	,	PUNCT
fbem-10902	78	23	𝛽	𝛽	NOUN
fbem-10902	78	24	𝑅𝐼𝑆𝐾	𝑅𝐼𝑆𝐾	NOUN
fbem-10902	78	25	,	,	PUNCT
fbem-10902	78	26	𝛴𝛾	𝛴𝛾	PROPN
fbem-10902	78	27	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	𝐶𝑜𝑛𝑡𝑟𝑜𝑙𝑠	PROPN
fbem-10902	78	28	,	,	PUNCT
fbem-10902	78	29	𝛴𝐼𝑛𝑑	𝛴𝐼𝑛𝑑	PROPN
fbem-10902	78	30	𝛴𝑌𝑒𝑎𝑟	𝛴𝑌𝑒𝑎𝑟	PROPN
fbem-10902	78	31	𝜀	𝜀	PROPN
fbem-10902	78	32	,	,	PUNCT
fbem-10902	78	33	(	(	PUNCT
fbem-10902	78	34	3	3	X
fbem-10902	78	35	)	)	PUNCT
fbem-10902	78	36	among	among	ADP
fbem-10902	78	37	them	they	PRON
fbem-10902	78	38	,	,	PUNCT
fbem-10902	78	39	model	model	NOUN
fbem-10902	78	40	2	2	NUM
fbem-10902	78	41	takes	take	VERB
fbem-10902	78	42	corporate	corporate	ADJ
fbem-10902	78	43	risk	risk	NOUN
fbem-10902	78	44	taking	take	VERB
fbem-10902	78	45	risk	risk	NOUN
fbem-10902	78	46	as	as	ADP
fbem-10902	78	47	an	an	DET
fbem-10902	78	48	explanatory	explanatory	ADJ
fbem-10902	78	49	variable	variable	NOUN
fbem-10902	78	50	to	to	PART
fbem-10902	78	51	study	study	VERB
fbem-10902	78	52	the	the	DET
fbem-10902	78	53	effect	effect	NOUN
fbem-10902	78	54	of	of	ADP
fbem-10902	78	55	directors	director	NOUN
fbem-10902	78	56	'	'	PART
fbem-10902	78	57	insurance	insurance	NOUN
fbem-10902	78	58	on	on	ADP
fbem-10902	78	59	risk	risk	NOUN
fbem-10902	78	60	taking	taking	NOUN
fbem-10902	78	61	;	;	PUNCT
fbem-10902	78	62	model	model	NOUN
fbem-10902	78	63	3	3	NUM
fbem-10902	78	64	adds	add	VERB
fbem-10902	78	65	the	the	DET
fbem-10902	78	66	mediating	mediate	VERB
fbem-10902	78	67	variable	variable	ADJ
fbem-10902	78	68	risk	risk	NOUN
fbem-10902	78	69	taking	take	VERB
fbem-10902	78	70	to	to	PART
fbem-10902	78	71	examine	examine	VERB
fbem-10902	78	72	its	its	PRON
fbem-10902	78	73	mediating	mediate	VERB
fbem-10902	78	74	effect	effect	NOUN
fbem-10902	78	75	between	between	ADP
fbem-10902	78	76	directors	director	NOUN
fbem-10902	78	77	'	'	PART
fbem-10902	78	78	insurance	insurance	NOUN
fbem-10902	78	79	and	and	CCONJ
fbem-10902	78	80	green	green	ADJ
fbem-10902	78	81	innovation	innovation	NOUN
fbem-10902	78	82	.	.	PUNCT
fbem-10902	79	1	4	4	X
fbem-10902	79	2	.	.	X
fbem-10902	79	3	empirical	empirical	ADJ
fbem-10902	79	4	results	result	NOUN
fbem-10902	79	5	and	and	CCONJ
fbem-10902	79	6	analysis	analysis	NOUN
fbem-10902	79	7	4.1	4.1	NUM
fbem-10902	79	8	.	.	PUNCT
fbem-10902	80	1	descriptive	descriptive	ADJ
fbem-10902	80	2	statistics	statistic	NOUN
fbem-10902	80	3	analysis	analysis	NOUN
fbem-10902	80	4	table	table	NOUN
fbem-10902	80	5	2	2	NUM
fbem-10902	80	6	reports	report	VERB
fbem-10902	80	7	the	the	DET
fbem-10902	80	8	descriptive	descriptive	ADJ
fbem-10902	80	9	statistics	statistic	NOUN
fbem-10902	80	10	of	of	ADP
fbem-10902	80	11	the	the	DET
fbem-10902	80	12	main	main	ADJ
fbem-10902	80	13	variables	variable	NOUN
fbem-10902	80	14	.	.	PUNCT
fbem-10902	81	1	the	the	DET
fbem-10902	81	2	mean	mean	ADJ
fbem-10902	81	3	value	value	NOUN
fbem-10902	81	4	of	of	ADP
fbem-10902	81	5	director	director	NOUN
fbem-10902	81	6	's	's	PART
fbem-10902	81	7	liability	liability	NOUN
fbem-10902	81	8	insurance	insurance	NOUN
fbem-10902	81	9	is	be	AUX
fbem-10902	81	10	0.04	0.04	NUM
fbem-10902	81	11	,	,	PUNCT
fbem-10902	81	12	indicating	indicate	VERB
fbem-10902	81	13	that	that	SCONJ
fbem-10902	81	14	nearly	nearly	ADV
fbem-10902	81	15	only	only	ADV
fbem-10902	81	16	4	4	NUM
fbem-10902	81	17	%	%	NOUN
fbem-10902	81	18	of	of	ADP
fbem-10902	81	19	the	the	DET
fbem-10902	81	20	enterprises	enterprise	NOUN
fbem-10902	81	21	in	in	ADP
fbem-10902	81	22	the	the	DET
fbem-10902	81	23	study	study	NOUN
fbem-10902	81	24	sample	sample	NOUN
fbem-10902	81	25	have	have	AUX
fbem-10902	81	26	purchased	purchase	VERB
fbem-10902	81	27	director	director	NOUN
fbem-10902	81	28	's	's	PART
fbem-10902	81	29	liability	liability	NOUN
fbem-10902	81	30	insurance	insurance	NOUN
fbem-10902	81	31	,	,	PUNCT
fbem-10902	81	32	reflecting	reflect	VERB
fbem-10902	81	33	that	that	SCONJ
fbem-10902	81	34	the	the	DET
fbem-10902	81	35	percentage	percentage	NOUN
fbem-10902	81	36	of	of	ADP
fbem-10902	81	37	listed	list	VERB
fbem-10902	81	38	companies	company	NOUN
fbem-10902	81	39	that	that	PRON
fbem-10902	81	40	have	have	AUX
fbem-10902	81	41	purchased	purchase	VERB
fbem-10902	81	42	director	director	NOUN
fbem-10902	81	43	's	's	PART
fbem-10902	81	44	liability	liability	NOUN
fbem-10902	81	45	insurance	insurance	NOUN
fbem-10902	81	46	in	in	ADP
fbem-10902	81	47	china	china	PROPN
fbem-10902	81	48	is	be	AUX
fbem-10902	81	49	still	still	ADV
fbem-10902	81	50	low	low	ADJ
fbem-10902	81	51	.	.	PUNCT
fbem-10902	82	1	the	the	DET
fbem-10902	82	2	mean	mean	ADJ
fbem-10902	82	3	values	value	NOUN
fbem-10902	82	4	of	of	ADP
fbem-10902	82	5	the	the	DET
fbem-10902	82	6	total	total	ADJ
fbem-10902	82	7	number	number	NOUN
fbem-10902	82	8	of	of	ADP
fbem-10902	82	9	green	green	ADJ
fbem-10902	82	10	innovation	innovation	NOUN
fbem-10902	82	11	patent	patent	NOUN
fbem-10902	82	12	applications	application	NOUN
fbem-10902	82	13	and	and	CCONJ
fbem-10902	82	14	green	green	ADJ
fbem-10902	82	15	invention	invention	NOUN
fbem-10902	82	16	patent	patent	NOUN
fbem-10902	82	17	applications	application	NOUN
fbem-10902	82	18	are	be	AUX
fbem-10902	82	19	1.36	1.36	NUM
fbem-10902	82	20	and	and	CCONJ
fbem-10902	82	21	0.70	0.70	NUM
fbem-10902	82	22	respectively	respectively	ADV
fbem-10902	82	23	,	,	PUNCT
fbem-10902	82	24	which	which	PRON
fbem-10902	82	25	are	be	AUX
fbem-10902	82	26	at	at	ADP
fbem-10902	82	27	a	a	DET
fbem-10902	82	28	lower	low	ADJ
fbem-10902	82	29	level	level	NOUN
fbem-10902	82	30	,	,	PUNCT
fbem-10902	82	31	indicating	indicate	VERB
fbem-10902	82	32	that	that	SCONJ
fbem-10902	82	33	the	the	DET
fbem-10902	82	34	sample	sample	NOUN
fbem-10902	82	35	enterprises	enterprise	NOUN
fbem-10902	82	36	do	do	AUX
fbem-10902	82	37	not	not	PART
fbem-10902	82	38	pay	pay	VERB
fbem-10902	82	39	enough	enough	ADJ
fbem-10902	82	40	attention	attention	NOUN
fbem-10902	82	41	to	to	ADP
fbem-10902	82	42	green	green	ADJ
fbem-10902	82	43	innovation	innovation	NOUN
fbem-10902	82	44	activities	activity	NOUN
fbem-10902	82	45	;	;	PUNCT
fbem-10902	82	46	the	the	DET
fbem-10902	82	47	standard	standard	ADJ
fbem-10902	82	48	deviation	deviation	NOUN
fbem-10902	82	49	is	be	AUX
fbem-10902	82	50	3.95	3.95	NUM
fbem-10902	82	51	and	and	CCONJ
fbem-10902	82	52	2.17	2.17	NUM
fbem-10902	82	53	respectively	respectively	ADV
fbem-10902	82	54	,	,	PUNCT
fbem-10902	82	55	which	which	PRON
fbem-10902	82	56	is	be	AUX
fbem-10902	82	57	a	a	DET
fbem-10902	82	58	big	big	ADJ
fbem-10902	82	59	change	change	NOUN
fbem-10902	82	60	,	,	PUNCT
fbem-10902	82	61	indicating	indicate	VERB
fbem-10902	82	62	that	that	SCONJ
fbem-10902	82	63	the	the	DET
fbem-10902	82	64	differences	difference	NOUN
fbem-10902	82	65	in	in	ADP
fbem-10902	82	66	the	the	DET
fbem-10902	82	67	level	level	NOUN
fbem-10902	82	68	of	of	ADP
fbem-10902	82	69	green	green	ADJ
fbem-10902	82	70	innovation	innovation	NOUN
fbem-10902	82	71	among	among	ADP
fbem-10902	82	72	the	the	DET
fbem-10902	82	73	sample	sample	NOUN
fbem-10902	82	74	enterprises	enterprise	NOUN
fbem-10902	82	75	are	be	AUX
fbem-10902	82	76	more	more	ADV
fbem-10902	82	77	significant	significant	ADJ
fbem-10902	82	78	.	.	PUNCT
fbem-10902	83	1	table	table	NOUN
fbem-10902	83	2	2	2	NUM
fbem-10902	83	3	also	also	ADV
fbem-10902	83	4	lists	list	VERB
fbem-10902	83	5	the	the	DET
fbem-10902	83	6	rest	rest	NOUN
fbem-10902	83	7	of	of	ADP
fbem-10902	83	8	the	the	DET
fbem-10902	83	9	control	control	NOUN
fbem-10902	83	10	variables	variable	NOUN
fbem-10902	83	11	,	,	PUNCT
fbem-10902	83	12	and	and	CCONJ
fbem-10902	83	13	the	the	DET
fbem-10902	83	14	descriptive	descriptive	ADJ
fbem-10902	83	15	statistics	statistic	NOUN
fbem-10902	83	16	values	value	NOUN
fbem-10902	83	17	are	be	AUX
fbem-10902	83	18	all	all	ADV
fbem-10902	83	19	at	at	ADP
fbem-10902	83	20	normal	normal	ADJ
fbem-10902	83	21	levels	level	NOUN
fbem-10902	83	22	,	,	PUNCT
fbem-10902	83	23	indicating	indicate	VERB
fbem-10902	83	24	that	that	SCONJ
fbem-10902	83	25	the	the	DET
fbem-10902	83	26	interference	interference	NOUN
fbem-10902	83	27	of	of	ADP
fbem-10902	83	28	outliers	outlier	NOUN
fbem-10902	83	29	can	can	AUX
fbem-10902	83	30	be	be	AUX
fbem-10902	83	31	basically	basically	ADV
fbem-10902	83	32	excluded	exclude	VERB
fbem-10902	83	33	after	after	ADP
fbem-10902	83	34	winsorize	winsorize	VERB
fbem-10902	83	35	processing	processing	NOUN
fbem-10902	83	36	.	.	PUNCT
fbem-10902	83	37	table	table	NOUN
fbem-10902	83	38	2	2	NUM
fbem-10902	83	39	.	.	PUNCT
fbem-10902	83	40	descriptive	descriptive	ADJ
fbem-10902	83	41	statistics	statistic	NOUN
fbem-10902	83	42	results	result	VERB
fbem-10902	83	43	variable	variable	ADJ
fbem-10902	83	44	observations	observation	NOUN
fbem-10902	83	45	average	average	ADJ
fbem-10902	83	46	value	value	NOUN
fbem-10902	83	47	standard	standard	ADJ
fbem-10902	83	48	deviation	deviation	NOUN
fbem-10902	83	49	minimum	minimum	NOUN
fbem-10902	83	50	value	value	NOUN
fbem-10902	83	51	median	median	NOUN
fbem-10902	83	52	value	value	NOUN
fbem-10902	83	53	maximum	maximum	ADJ
fbem-10902	83	54	value	value	NOUN
fbem-10902	83	55	gi_all	gi_all	NOUN
fbem-10902	83	56	18	18	NUM
fbem-10902	83	57	544	544	NUM
fbem-10902	83	58	1.360	1.360	NUM
fbem-10902	83	59	3.950	3.950	NUM
fbem-10902	83	60	0.000	0.000	NUM
fbem-10902	83	61	0.000	0.000	NUM
fbem-10902	83	62	26.000	26.000	NUM
fbem-10902	83	63	gi_inv	gi_inv	NOUN
fbem-10902	83	64	18	18	NUM
fbem-10902	83	65	544	544	NUM
fbem-10902	83	66	0.700	0.700	NUM
fbem-10902	83	67	2.170	2.170	NUM
fbem-10902	83	68	0.000	0.000	NUM
fbem-10902	83	69	0.000	0.000	NUM
fbem-10902	83	70	14.000	14.000	NUM
fbem-10902	83	71	do	do	NOUN
fbem-10902	83	72	18	18	NUM
fbem-10902	83	73	544	544	NUM
fbem-10902	83	74	0.040	0.040	NUM
fbem-10902	83	75	0.200	0.200	NUM
fbem-10902	83	76	0.000	0.000	NUM
fbem-10902	83	77	0.000	0.000	NUM
fbem-10902	83	78	1.000	1.000	NUM
fbem-10902	83	79	size	size	NOUN
fbem-10902	83	80	18	18	NUM
fbem-10902	83	81	544	544	NUM
fbem-10902	83	82	22.070	22.070	NUM
fbem-10902	83	83	1.160	1.160	NUM
fbem-10902	83	84	19.660	19.660	NUM
fbem-10902	83	85	21.930	21.930	NUM
fbem-10902	83	86	26.040	26.040	NUM
fbem-10902	83	87	lev	lev	NOUN
fbem-10902	83	88	18	18	NUM
fbem-10902	83	89	544	544	NUM
fbem-10902	83	90	0.420	0.420	NUM
fbem-10902	83	91	0.200	0.200	NUM
fbem-10902	83	92	0.050	0.050	NUM
fbem-10902	83	93	0.410	0.410	NUM
fbem-10902	83	94	0.880	0.880	NUM
fbem-10902	83	95	roa	roa	NOUN
fbem-10902	83	96	18	18	NUM
fbem-10902	83	97	544	544	NUM
fbem-10902	83	98	0.040	0.040	NUM
fbem-10902	83	99	0.050	0.050	NUM
fbem-10902	83	100	-0.210	-0.210	NOUN
fbem-10902	83	101	0.040	0.040	NUM
fbem-10902	83	102	0.190	0.190	NUM
fbem-10902	83	103	age	age	NOUN
fbem-10902	83	104	18	18	NUM
fbem-10902	83	105	544	544	NUM
fbem-10902	83	106	2.030	2.030	NUM
fbem-10902	83	107	0.870	0.870	NUM
fbem-10902	83	108	0.000	0.000	NUM
fbem-10902	83	109	2.200	2.200	NUM
fbem-10902	83	110	3.260	3.260	NUM
fbem-10902	83	111	tobinq	tobinq	NOUN
fbem-10902	83	112	18	18	NUM
fbem-10902	83	113	544	544	NUM
fbem-10902	83	114	2.830	2.830	NUM
fbem-10902	83	115	2.210	2.210	NUM
fbem-10902	83	116	0.690	0.690	NUM
fbem-10902	83	117	2.170	2.170	NUM
fbem-10902	83	118	38.850	38.850	NUM
fbem-10902	83	119	fcf	fcf	NOUN
fbem-10902	83	120	18	18	NUM
fbem-10902	83	121	544	544	NUM
fbem-10902	83	122	0.040	0.040	NUM
fbem-10902	83	123	0.060	0.060	NUM
fbem-10902	83	124	-0.180	-0.180	NUM
fbem-10902	83	125	0.040	0.040	NUM
fbem-10902	83	126	0.250	0.250	NUM
fbem-10902	83	127	growth	growth	NOUN
fbem-10902	83	128	18	18	NUM
fbem-10902	83	129	544	544	NUM
fbem-10902	83	130	0.340	0.340	NUM
fbem-10902	83	131	0.780	0.780	NUM
fbem-10902	83	132	-0.720	-0.720	NOUN
fbem-10902	83	133	0.140	0.140	NUM
fbem-10902	83	134	8.160	8.160	NUM
fbem-10902	83	135	soe	soe	PROPN
fbem-10902	83	136	18	18	NUM
fbem-10902	83	137	544	544	NUM
fbem-10902	83	138	0.350	0.350	NUM
fbem-10902	83	139	0.480	0.480	NUM
fbem-10902	83	140	0.000	0.000	NUM
fbem-10902	83	141	0.000	0.000	NUM
fbem-10902	83	142	1.000	1.000	NUM
fbem-10902	83	143	top10	top10	NOUN
fbem-10902	83	144	18	18	NUM
fbem-10902	83	145	544	544	NUM
fbem-10902	83	146	58.460	58.460	NUM
fbem-10902	83	147	14.360	14.360	NUM
fbem-10902	83	148	22.960	22.960	NUM
fbem-10902	83	149	59.390	59.390	NUM
fbem-10902	83	150	90.320	90.320	NUM
fbem-10902	83	151	indep	indep	NOUN
fbem-10902	83	152	18	18	NUM
fbem-10902	83	153	544	544	NUM
fbem-10902	83	154	0.370	0.370	NUM
fbem-10902	83	155	0.050	0.050	NUM
fbem-10902	83	156	0.250	0.250	NUM
fbem-10902	83	157	0.330	0.330	NUM
fbem-10902	83	158	0.570	0.570	NUM
fbem-10902	83	159	dual	dual	ADJ
fbem-10902	83	160	18	18	NUM
fbem-10902	83	161	544	544	NUM
fbem-10902	83	162	0.270	0.270	NUM
fbem-10902	83	163	0.440	0.440	NUM
fbem-10902	83	164	0.000	0.000	NUM
fbem-10902	83	165	0.000	0.000	NUM
fbem-10902	83	166	1.000	1.000	NUM
fbem-10902	83	167	big4	big4	NOUN
fbem-10902	83	168	18	18	NUM
fbem-10902	83	169	544	544	NUM
fbem-10902	83	170	0.040	0.040	NUM
fbem-10902	83	171	0.190	0.190	NUM
fbem-10902	83	172	0.000	0.000	NUM
fbem-10902	83	173	0.000	0.000	NUM
fbem-10902	83	174	1.000	1.000	NUM
fbem-10902	83	175	mshare	mshare	NOUN
fbem-10902	83	176	18	18	NUM
fbem-10902	83	177	544	544	NUM
fbem-10902	83	178	0.140	0.140	NUM
fbem-10902	83	179	0.200	0.200	NUM
fbem-10902	83	180	0.000	0.000	NUM
fbem-10902	83	181	0.0100	0.0100	NUM
fbem-10902	83	182	1.150	1.150	NUM
fbem-10902	83	183	4.2	4.2	NUM
fbem-10902	83	184	.	.	PUNCT
fbem-10902	84	1	return	return	VERB
fbem-10902	84	2	to	to	PART
fbem-10902	84	3	baseline	baseline	VERB
fbem-10902	84	4	in	in	ADP
fbem-10902	84	5	this	this	DET
fbem-10902	84	6	paper	paper	NOUN
fbem-10902	84	7	,	,	PUNCT
fbem-10902	84	8	we	we	PRON
fbem-10902	84	9	utilize	utilize	VERB
fbem-10902	84	10	the	the	DET
fbem-10902	84	11	model	model	NOUN
fbem-10902	84	12	(	(	PUNCT
fbem-10902	84	13	1	1	X
fbem-10902	84	14	)	)	PUNCT
fbem-10902	84	15	constructed	construct	VERB
fbem-10902	84	16	in	in	ADP
fbem-10902	84	17	the	the	DET
fbem-10902	84	18	previous	previous	ADJ
fbem-10902	84	19	section	section	NOUN
fbem-10902	84	20	to	to	PART
fbem-10902	84	21	conduct	conduct	VERB
fbem-10902	84	22	a	a	DET
fbem-10902	84	23	benchmark	benchmark	ADJ
fbem-10902	84	24	regression	regression	NOUN
fbem-10902	84	25	of	of	ADP
fbem-10902	84	26	directors	director	NOUN
fbem-10902	84	27	'	'	PART
fbem-10902	84	28	insurance	insurance	NOUN
fbem-10902	84	29	on	on	ADP
fbem-10902	84	30	green	green	ADJ
fbem-10902	84	31	innovation	innovation	NOUN
fbem-10902	84	32	in	in	ADP
fbem-10902	84	33	order	order	NOUN
fbem-10902	84	34	to	to	PART
fbem-10902	84	35	verify	verify	VERB
fbem-10902	84	36	h1	h1	NOUN
fbem-10902	84	37	,	,	PUNCT
fbem-10902	84	38	and	and	CCONJ
fbem-10902	84	39	the	the	DET
fbem-10902	84	40	results	result	NOUN
fbem-10902	84	41	of	of	ADP
fbem-10902	84	42	the	the	DET
fbem-10902	84	43	benchmark	benchmark	ADJ
fbem-10902	84	44	regression	regression	NOUN
fbem-10902	84	45	are	be	AUX
fbem-10902	84	46	shown	show	VERB
fbem-10902	84	47	in	in	ADP
fbem-10902	84	48	table	table	NOUN
fbem-10902	84	49	3	3	NUM
fbem-10902	84	50	.	.	PUNCT
fbem-10902	85	1	as	as	SCONJ
fbem-10902	85	2	can	can	AUX
fbem-10902	85	3	be	be	AUX
fbem-10902	85	4	seen	see	VERB
fbem-10902	85	5	from	from	ADP
fbem-10902	85	6	table	table	NOUN
fbem-10902	85	7	3	3	NUM
fbem-10902	85	8	:	:	PUNCT
fbem-10902	85	9	columns	column	NOUN
fbem-10902	85	10	(	(	PUNCT
fbem-10902	85	11	1	1	NUM
fbem-10902	85	12	)	)	PUNCT
fbem-10902	85	13	and	and	CCONJ
fbem-10902	85	14	(	(	PUNCT
fbem-10902	85	15	3	3	X
fbem-10902	85	16	)	)	PUNCT
fbem-10902	85	17	do	do	AUX
fbem-10902	85	18	not	not	PART
fbem-10902	85	19	add	add	VERB
fbem-10902	85	20	any	any	DET
fbem-10902	85	21	control	control	NOUN
fbem-10902	85	22	variables	variable	NOUN
fbem-10902	85	23	,	,	PUNCT
fbem-10902	85	24	only	only	ADV
fbem-10902	85	25	industry	industry	NOUN
fbem-10902	85	26	and	and	CCONJ
fbem-10902	85	27	time	time	NOUN
fbem-10902	85	28	fixed	fix	VERB
fbem-10902	85	29	effects	effect	NOUN
fbem-10902	85	30	are	be	AUX
fbem-10902	85	31	added	add	VERB
fbem-10902	85	32	,	,	PUNCT
fbem-10902	85	33	and	and	CCONJ
fbem-10902	85	34	the	the	DET
fbem-10902	85	35	regression	regression	NOUN
fbem-10902	85	36	coefficients	coefficient	NOUN
fbem-10902	85	37	of	of	ADP
fbem-10902	85	38	do	do	AUX
fbem-10902	85	39	are	be	AUX
fbem-10902	85	40	positive	positive	ADJ
fbem-10902	85	41	and	and	CCONJ
fbem-10902	85	42	significant	significant	ADJ
fbem-10902	85	43	at	at	ADP
fbem-10902	85	44	1	1	NUM
fbem-10902	85	45	%	%	NOUN
fbem-10902	85	46	level	level	NOUN
fbem-10902	85	47	;	;	PUNCT
fbem-10902	85	48	columns	column	NOUN
fbem-10902	85	49	(	(	PUNCT
fbem-10902	85	50	2	2	NUM
fbem-10902	85	51	)	)	PUNCT
fbem-10902	85	52	and	and	CCONJ
fbem-10902	85	53	(	(	PUNCT
fbem-10902	85	54	4	4	X
fbem-10902	85	55	)	)	PUNCT
fbem-10902	85	56	add	add	VERB
fbem-10902	85	57	control	control	NOUN
fbem-10902	85	58	variables	variable	NOUN
fbem-10902	85	59	to	to	ADP
fbem-10902	85	60	the	the	DET
fbem-10902	85	61	benchmark	benchmark	NOUN
fbem-10902	85	62	of	of	ADP
fbem-10902	85	63	columns	column	NOUN
fbem-10902	85	64	(	(	PUNCT
fbem-10902	85	65	1	1	NUM
fbem-10902	85	66	)	)	PUNCT
fbem-10902	85	67	and	and	CCONJ
fbem-10902	85	68	(	(	PUNCT
fbem-10902	85	69	3	3	NUM
fbem-10902	85	70	)	)	PUNCT
fbem-10902	85	71	,	,	PUNCT
fbem-10902	85	72	and	and	CCONJ
fbem-10902	85	73	the	the	DET
fbem-10902	85	74	regression	regression	NOUN
fbem-10902	85	75	coefficients	coefficient	NOUN
fbem-10902	85	76	of	of	ADP
fbem-10902	85	77	do	do	AUX
fbem-10902	85	78	gradually	gradually	ADV
fbem-10902	85	79	become	become	VERB
fbem-10902	85	80	larger	large	ADJ
fbem-10902	85	81	and	and	CCONJ
fbem-10902	85	82	are	be	AUX
fbem-10902	85	83	still	still	ADV
fbem-10902	85	84	significant	significant	ADJ
fbem-10902	85	85	at	at	ADP
fbem-10902	85	86	1	1	NUM
fbem-10902	85	87	%	%	NOUN
fbem-10902	85	88	level	level	NOUN
fbem-10902	85	89	,	,	PUNCT
fbem-10902	85	90	which	which	PRON
fbem-10902	85	91	strongly	strongly	ADV
fbem-10902	85	92	verifies	verify	VERB
fbem-10902	85	93	the	the	DET
fbem-10902	85	94	former	former	ADJ
fbem-10902	85	95	hypothesis	hypothesis	NOUN
fbem-10902	85	96	h1	h1	NOUN
fbem-10902	85	97	,	,	PUNCT
fbem-10902	85	98	subscribing	subscribe	VERB
fbem-10902	85	99	to	to	ADP
fbem-10902	85	100	director	director	NOUN
fbem-10902	85	101	's	's	PART
fbem-10902	85	102	insurance	insurance	NOUN
fbem-10902	85	103	can	can	AUX
fbem-10902	85	104	promote	promote	VERB
fbem-10902	85	105	the	the	DET
fbem-10902	85	106	level	level	NOUN
fbem-10902	85	107	of	of	ADP
fbem-10902	85	108	corporate	corporate	ADJ
fbem-10902	85	109	green	green	ADJ
fbem-10902	85	110	innovation	innovation	NOUN
fbem-10902	85	111	.	.	PUNCT
fbem-10902	86	1	178	178	NUM
fbem-10902	86	2	table	table	NOUN
fbem-10902	86	3	3	3	NUM
fbem-10902	86	4	.	.	PUNCT
fbem-10902	86	5	benchmark	benchmark	NOUN
fbem-10902	86	6	regression	regression	NOUN
fbem-10902	86	7	results	result	VERB
fbem-10902	86	8	variable	variable	ADJ
fbem-10902	86	9	lngi	lngi	NOUN
fbem-10902	86	10	lngi	lngi	NOUN
fbem-10902	86	11	lngi_inv	lngi_inv	VERB
fbem-10902	86	12	lngi_inv	lngi_inv	NOUN
fbem-10902	86	13	do	do	NOUN
fbem-10902	86	14	0.207	0.207	NUM
fbem-10902	86	15	*	*	PUNCT
fbem-10902	86	16	*	*	PUNCT
fbem-10902	86	17	*	*	PUNCT
fbem-10902	86	18	0.212	0.212	NUM
fbem-10902	86	19	*	*	PUNCT
fbem-10902	86	20	*	*	PUNCT
fbem-10902	86	21	*	*	PUNCT
fbem-10902	86	22	0.212	0.212	NUM
fbem-10902	86	23	*	*	PUNCT
fbem-10902	86	24	*	*	PUNCT
fbem-10902	86	25	*	*	PUNCT
fbem-10902	86	26	0.164	0.164	NUM
fbem-10902	86	27	*	*	PUNCT
fbem-10902	86	28	*	*	PUNCT
fbem-10902	86	29	*	*	PUNCT
fbem-10902	86	30	(	(	PUNCT
fbem-10902	86	31	0.039	0.039	NUM
fbem-10902	86	32	)	)	PUNCT
fbem-10902	86	33	(	(	PUNCT
fbem-10902	86	34	0.039	0.039	NUM
fbem-10902	86	35	)	)	PUNCT
fbem-10902	86	36	(	(	PUNCT
fbem-10902	86	37	0.039	0.039	NUM
fbem-10902	86	38	)	)	PUNCT
fbem-10902	86	39	(	(	PUNCT
fbem-10902	86	40	0.031	0.031	NUM
fbem-10902	86	41	)	)	PUNCT
fbem-10902	86	42	constant	constant	ADJ
fbem-10902	86	43	0.384	0.384	NUM
fbem-10902	86	44	*	*	NOUN
fbem-10902	86	45	*	*	PUNCT
fbem-10902	86	46	-0.204	-0.204	NUM
fbem-10902	86	47	0.235	0.235	NUM
fbem-10902	86	48	-0.346	-0.346	PUNCT
fbem-10902	86	49	(	(	PUNCT
fbem-10902	86	50	0.184	0.184	NUM
fbem-10902	86	51	)	)	PUNCT
fbem-10902	86	52	(	(	PUNCT
fbem-10902	86	53	0.324	0.324	NUM
fbem-10902	86	54	)	)	PUNCT
fbem-10902	86	55	(	(	PUNCT
fbem-10902	86	56	0.147	0.147	NUM
fbem-10902	86	57	)	)	PUNCT
fbem-10902	86	58	(	(	PUNCT
fbem-10902	86	59	0.259	0.259	NUM
fbem-10902	86	60	)	)	PUNCT
fbem-10902	86	61	controls	control	VERB
fbem-10902	86	62	control	control	NOUN
fbem-10902	86	63	control	control	PROPN
fbem-10902	86	64	control	control	PROPN
fbem-10902	86	65	control	control	PROPN
fbem-10902	86	66	year	year	PROPN
fbem-10902	86	67	control	control	PROPN
fbem-10902	86	68	control	control	PROPN
fbem-10902	86	69	industry	industry	NOUN
fbem-10902	86	70	control	control	NOUN
fbem-10902	86	71	control	control	NOUN
fbem-10902	86	72	r2	r2	PROPN
fbem-10902	86	73	0.027	0.027	NUM
fbem-10902	86	74	0.030	0.030	NUM
fbem-10902	86	75	0.017	0.017	NUM
fbem-10902	86	76	0.021	0.021	NUM
fbem-10902	86	77	n	n	PROPN
fbem-10902	86	78	18	18	NUM
fbem-10902	86	79	544	544	NUM
fbem-10902	86	80	18	18	NUM
fbem-10902	86	81	544	544	NUM
fbem-10902	86	82	18	18	NUM
fbem-10902	86	83	544	544	NUM
fbem-10902	86	84	18	18	NUM
fbem-10902	86	85	544	544	NUM
fbem-10902	86	86	note	note	NOUN
fbem-10902	86	87	:	:	PUNCT
fbem-10902	87	1	*	*	PUNCT
fbem-10902	87	2	*	*	PUNCT
fbem-10902	88	1	*	*	PUNCT
fbem-10902	88	2	,	,	PUNCT
fbem-10902	88	3	*	*	PUNCT
fbem-10902	88	4	*	*	PUNCT
fbem-10902	88	5	*	*	PUNCT
fbem-10902	88	6	,	,	PUNCT
fbem-10902	88	7	*	*	PUNCT
fbem-10902	88	8	denote	denote	VERB
fbem-10902	88	9	significant	significant	ADJ
fbem-10902	88	10	at	at	ADP
fbem-10902	88	11	1	1	NUM
fbem-10902	88	12	%	%	NOUN
fbem-10902	88	13	,	,	PUNCT
fbem-10902	88	14	5	5	NUM
fbem-10902	88	15	%	%	NOUN
fbem-10902	88	16	,	,	PUNCT
fbem-10902	88	17	10	10	NUM
fbem-10902	88	18	%	%	NOUN
fbem-10902	88	19	level	level	NOUN
fbem-10902	88	20	,	,	PUNCT
fbem-10902	88	21	respectively	respectively	ADV
fbem-10902	88	22	,	,	PUNCT
fbem-10902	88	23	and	and	CCONJ
fbem-10902	88	24	the	the	DET
fbem-10902	88	25	values	value	NOUN
fbem-10902	88	26	in	in	ADP
fbem-10902	88	27	parentheses	parenthesis	NOUN
fbem-10902	88	28	are	be	AUX
fbem-10902	88	29	t	t	NOUN
fbem-10902	88	30	-	-	PUNCT
fbem-10902	88	31	test	test	NOUN
fbem-10902	88	32	value	value	NOUN
fbem-10902	88	33	.	.	PUNCT
fbem-10902	89	1	4.3	4.3	NUM
fbem-10902	89	2	.	.	PUNCT
fbem-10902	90	1	the	the	DET
fbem-10902	90	2	mediating	mediate	VERB
fbem-10902	90	3	role	role	NOUN
fbem-10902	90	4	of	of	ADP
fbem-10902	90	5	corporate	corporate	ADJ
fbem-10902	90	6	risk	risk	NOUN
fbem-10902	90	7	taking	take	VERB
fbem-10902	90	8	between	between	ADP
fbem-10902	90	9	directors	director	NOUN
fbem-10902	90	10	'	'	PART
fbem-10902	90	11	liability	liability	NOUN
fbem-10902	90	12	insurance	insurance	NOUN
fbem-10902	90	13	and	and	CCONJ
fbem-10902	90	14	green	green	ADJ
fbem-10902	90	15	innovation	innovation	NOUN
fbem-10902	90	16	the	the	DET
fbem-10902	90	17	above	above	ADJ
fbem-10902	90	18	studies	study	NOUN
fbem-10902	90	19	show	show	VERB
fbem-10902	90	20	that	that	SCONJ
fbem-10902	90	21	firms	firm	NOUN
fbem-10902	90	22	subscribing	subscribe	VERB
fbem-10902	90	23	to	to	ADP
fbem-10902	90	24	director	director	NOUN
fbem-10902	90	25	's	's	PART
fbem-10902	90	26	liability	liability	NOUN
fbem-10902	90	27	insurance	insurance	NOUN
fbem-10902	90	28	will	will	AUX
fbem-10902	90	29	have	have	VERB
fbem-10902	90	30	a	a	DET
fbem-10902	90	31	significant	significant	ADJ
fbem-10902	90	32	contribution	contribution	NOUN
fbem-10902	90	33	to	to	ADP
fbem-10902	90	34	their	their	PRON
fbem-10902	90	35	green	green	ADJ
fbem-10902	90	36	innovation	innovation	NOUN
fbem-10902	90	37	capability	capability	NOUN
fbem-10902	90	38	,	,	PUNCT
fbem-10902	90	39	however	however	ADV
fbem-10902	90	40	,	,	PUNCT
fbem-10902	90	41	what	what	PRON
fbem-10902	90	42	is	be	AUX
fbem-10902	90	43	the	the	DET
fbem-10902	90	44	internal	internal	ADJ
fbem-10902	90	45	mechanism	mechanism	NOUN
fbem-10902	90	46	of	of	ADP
fbem-10902	90	47	the	the	DET
fbem-10902	90	48	impact	impact	NOUN
fbem-10902	90	49	of	of	ADP
fbem-10902	90	50	director	director	NOUN
fbem-10902	90	51	's	's	PART
fbem-10902	90	52	liability	liability	NOUN
fbem-10902	90	53	insurance	insurance	NOUN
fbem-10902	90	54	on	on	ADP
fbem-10902	90	55	firms	firm	NOUN
fbem-10902	90	56	'	'	PART
fbem-10902	90	57	green	green	ADJ
fbem-10902	90	58	innovation	innovation	NOUN
fbem-10902	90	59	still	still	ADV
fbem-10902	90	60	needs	need	VERB
fbem-10902	90	61	to	to	PART
fbem-10902	90	62	be	be	AUX
fbem-10902	90	63	further	far	ADV
fbem-10902	90	64	researched	research	VERB
fbem-10902	90	65	.	.	PUNCT
fbem-10902	91	1	according	accord	VERB
fbem-10902	91	2	to	to	ADP
fbem-10902	91	3	the	the	DET
fbem-10902	91	4	innovation	innovation	NOUN
fbem-10902	91	5	theory	theory	NOUN
fbem-10902	91	6	proposed	propose	VERB
fbem-10902	91	7	by	by	ADP
fbem-10902	91	8	schumpeter	schumpeter	NOUN
fbem-10902	91	9	,	,	PUNCT
fbem-10902	91	10	the	the	DET
fbem-10902	91	11	innovation	innovation	NOUN
fbem-10902	91	12	investment	investment	NOUN
fbem-10902	91	13	activities	activity	NOUN
fbem-10902	91	14	of	of	ADP
fbem-10902	91	15	enterprises	enterprise	NOUN
fbem-10902	91	16	are	be	AUX
fbem-10902	91	17	mainly	mainly	ADV
fbem-10902	91	18	formulated	formulate	VERB
fbem-10902	91	19	and	and	CCONJ
fbem-10902	91	20	implemented	implement	VERB
fbem-10902	91	21	by	by	ADP
fbem-10902	91	22	managers	manager	NOUN
fbem-10902	91	23	,	,	PUNCT
fbem-10902	91	24	and	and	CCONJ
fbem-10902	91	25	the	the	DET
fbem-10902	91	26	initiation	initiation	NOUN
fbem-10902	91	27	and	and	CCONJ
fbem-10902	91	28	implementation	implementation	NOUN
fbem-10902	91	29	of	of	ADP
fbem-10902	91	30	an	an	DET
fbem-10902	91	31	enterprise	enterprise	NOUN
fbem-10902	91	32	's	's	PART
fbem-10902	91	33	green	green	ADJ
fbem-10902	91	34	innovation	innovation	NOUN
fbem-10902	91	35	project	project	NOUN
fbem-10902	91	36	mainly	mainly	ADV
fbem-10902	91	37	depends	depend	VERB
fbem-10902	91	38	on	on	ADP
fbem-10902	91	39	the	the	DET
fbem-10902	91	40	risk	risk	NOUN
fbem-10902	91	41	perception	perception	NOUN
fbem-10902	91	42	and	and	CCONJ
fbem-10902	91	43	consideration	consideration	NOUN
fbem-10902	91	44	of	of	ADP
fbem-10902	91	45	the	the	DET
fbem-10902	91	46	project	project	NOUN
fbem-10902	91	47	by	by	ADP
fbem-10902	91	48	the	the	DET
fbem-10902	91	49	executive	executive	ADJ
fbem-10902	91	50	team	team	NOUN
fbem-10902	91	51	.	.	PUNCT
fbem-10902	92	1	therefore	therefore	ADV
fbem-10902	92	2	,	,	PUNCT
fbem-10902	92	3	the	the	PRON
fbem-10902	92	4	higher	high	ADJ
fbem-10902	92	5	the	the	DET
fbem-10902	92	6	tolerance	tolerance	NOUN
fbem-10902	92	7	and	and	CCONJ
fbem-10902	92	8	ability	ability	NOUN
fbem-10902	92	9	of	of	ADP
fbem-10902	92	10	directors	director	NOUN
fbem-10902	92	11	and	and	CCONJ
fbem-10902	92	12	executives	executive	NOUN
fbem-10902	92	13	to	to	PART
fbem-10902	92	14	bear	bear	VERB
fbem-10902	92	15	risks	risk	NOUN
fbem-10902	92	16	,	,	PUNCT
fbem-10902	92	17	the	the	PRON
fbem-10902	92	18	more	more	ADV
fbem-10902	92	19	favorable	favorable	ADJ
fbem-10902	92	20	it	it	PRON
fbem-10902	92	21	is	be	AUX
fbem-10902	92	22	to	to	ADP
fbem-10902	92	23	the	the	DET
fbem-10902	92	24	green	green	ADJ
fbem-10902	92	25	innovation	innovation	NOUN
fbem-10902	92	26	activities	activity	NOUN
fbem-10902	92	27	of	of	ADP
fbem-10902	92	28	enterprises	enterprise	NOUN
fbem-10902	92	29	.	.	PUNCT
fbem-10902	93	1	in	in	ADP
fbem-10902	93	2	this	this	DET
fbem-10902	93	3	case	case	NOUN
fbem-10902	93	4	,	,	PUNCT
fbem-10902	93	5	if	if	SCONJ
fbem-10902	93	6	the	the	DET
fbem-10902	93	7	liability	liability	NOUN
fbem-10902	93	8	risk	risk	NOUN
fbem-10902	93	9	of	of	ADP
fbem-10902	93	10	the	the	DET
fbem-10902	93	11	executive	executive	ADJ
fbem-10902	93	12	team	team	NOUN
fbem-10902	93	13	can	can	AUX
fbem-10902	93	14	be	be	AUX
fbem-10902	93	15	decentralized	decentralize	VERB
fbem-10902	93	16	and	and	CCONJ
fbem-10902	93	17	transferred	transfer	VERB
fbem-10902	93	18	to	to	PART
fbem-10902	93	19	avoid	avoid	VERB
fbem-10902	93	20	them	they	PRON
fbem-10902	93	21	being	be	AUX
fbem-10902	93	22	punished	punish	VERB
fbem-10902	93	23	for	for	ADP
fbem-10902	93	24	decision	decision	NOUN
fbem-10902	93	25	-	-	PUNCT
fbem-10902	93	26	making	make	VERB
fbem-10902	93	27	mistakes	mistake	NOUN
fbem-10902	93	28	,	,	PUNCT
fbem-10902	93	29	it	it	PRON
fbem-10902	93	30	will	will	AUX
fbem-10902	93	31	effectively	effectively	ADV
fbem-10902	93	32	stimulate	stimulate	VERB
fbem-10902	93	33	their	their	PRON
fbem-10902	93	34	innovation	innovation	NOUN
fbem-10902	93	35	enthusiasm	enthusiasm	NOUN
fbem-10902	93	36	.	.	PUNCT
fbem-10902	94	1	directors	director	NOUN
fbem-10902	94	2	'	'	PART
fbem-10902	94	3	liability	liability	NOUN
fbem-10902	94	4	insurance	insurance	NOUN
fbem-10902	94	5	is	be	AUX
fbem-10902	94	6	exactly	exactly	ADV
fbem-10902	94	7	the	the	DET
fbem-10902	94	8	effective	effective	ADJ
fbem-10902	94	9	governance	governance	NOUN
fbem-10902	94	10	mechanism	mechanism	NOUN
fbem-10902	94	11	that	that	PRON
fbem-10902	94	12	can	can	AUX
fbem-10902	94	13	fulfill	fulfill	VERB
fbem-10902	94	14	this	this	DET
fbem-10902	94	15	condition	condition	NOUN
fbem-10902	94	16	,	,	PUNCT
fbem-10902	94	17	and	and	CCONJ
fbem-10902	94	18	risk	risk	NOUN
fbem-10902	94	19	-	-	PUNCT
fbem-10902	94	20	taking	take	VERB
fbem-10902	94	21	ability	ability	NOUN
fbem-10902	94	22	becomes	become	VERB
fbem-10902	94	23	an	an	DET
fbem-10902	94	24	intrinsic	intrinsic	ADJ
fbem-10902	94	25	mechanism	mechanism	NOUN
fbem-10902	94	26	that	that	PRON
fbem-10902	94	27	affects	affect	VERB
fbem-10902	94	28	firms	firm	NOUN
fbem-10902	94	29	'	'	PART
fbem-10902	94	30	green	green	ADJ
fbem-10902	94	31	innovation	innovation	NOUN
fbem-10902	94	32	.	.	PUNCT
fbem-10902	95	1	table	table	NOUN
fbem-10902	95	2	4	4	NUM
fbem-10902	95	3	reports	report	VERB
fbem-10902	95	4	the	the	DET
fbem-10902	95	5	regression	regression	NOUN
fbem-10902	95	6	results	result	NOUN
fbem-10902	95	7	of	of	ADP
fbem-10902	95	8	the	the	DET
fbem-10902	95	9	mediating	mediate	VERB
fbem-10902	95	10	role	role	NOUN
fbem-10902	95	11	of	of	ADP
fbem-10902	95	12	corporate	corporate	ADJ
fbem-10902	95	13	risk	risk	NOUN
fbem-10902	95	14	-	-	PUNCT
fbem-10902	95	15	taking	taking	NOUN
fbem-10902	95	16	between	between	ADP
fbem-10902	95	17	directors	director	NOUN
fbem-10902	95	18	'	'	PART
fbem-10902	95	19	liability	liability	NOUN
fbem-10902	95	20	insurance	insurance	NOUN
fbem-10902	95	21	and	and	CCONJ
fbem-10902	95	22	corporate	corporate	ADJ
fbem-10902	95	23	green	green	ADJ
fbem-10902	95	24	innovation	innovation	NOUN
fbem-10902	95	25	.	.	PUNCT
fbem-10902	96	1	from	from	ADP
fbem-10902	96	2	the	the	DET
fbem-10902	96	3	results	result	NOUN
fbem-10902	96	4	in	in	ADP
fbem-10902	96	5	column	column	NOUN
fbem-10902	96	6	(	(	PUNCT
fbem-10902	96	7	1	1	NUM
fbem-10902	96	8	)	)	PUNCT
fbem-10902	96	9	of	of	ADP
fbem-10902	96	10	table	table	NOUN
fbem-10902	96	11	4	4	NUM
fbem-10902	96	12	,	,	PUNCT
fbem-10902	96	13	the	the	DET
fbem-10902	96	14	coefficient	coefficient	ADJ
fbem-10902	96	15	estimate	estimate	NOUN
fbem-10902	96	16	of	of	ADP
fbem-10902	96	17	do	do	NOUN
fbem-10902	96	18	on	on	ADP
fbem-10902	96	19	risk	risk	NOUN
fbem-10902	96	20	is	be	AUX
fbem-10902	96	21	significantly	significantly	ADV
fbem-10902	96	22	positive	positive	ADJ
fbem-10902	96	23	at	at	ADP
fbem-10902	96	24	the	the	DET
fbem-10902	96	25	1	1	NUM
fbem-10902	96	26	%	%	NOUN
fbem-10902	96	27	level	level	NOUN
fbem-10902	96	28	,	,	PUNCT
fbem-10902	96	29	which	which	PRON
fbem-10902	96	30	implies	imply	VERB
fbem-10902	96	31	that	that	SCONJ
fbem-10902	96	32	purchasing	purchase	VERB
fbem-10902	96	33	directors	director	NOUN
fbem-10902	96	34	'	'	PART
fbem-10902	96	35	liability	liability	NOUN
fbem-10902	96	36	insurance	insurance	NOUN
fbem-10902	96	37	can	can	AUX
fbem-10902	96	38	increase	increase	VERB
fbem-10902	96	39	the	the	DET
fbem-10902	96	40	level	level	NOUN
fbem-10902	96	41	of	of	ADP
fbem-10902	96	42	corporate	corporate	ADJ
fbem-10902	96	43	risk	risk	NOUN
fbem-10902	96	44	taking	taking	NOUN
fbem-10902	96	45	.	.	PUNCT
fbem-10902	97	1	as	as	SCONJ
fbem-10902	97	2	can	can	AUX
fbem-10902	97	3	be	be	AUX
fbem-10902	97	4	seen	see	VERB
fbem-10902	97	5	from	from	ADP
fbem-10902	97	6	columns	column	NOUN
fbem-10902	97	7	(	(	PUNCT
fbem-10902	97	8	2	2	NUM
fbem-10902	97	9	)	)	PUNCT
fbem-10902	97	10	and	and	CCONJ
fbem-10902	97	11	(	(	PUNCT
fbem-10902	97	12	3	3	NUM
fbem-10902	97	13	)	)	PUNCT
fbem-10902	97	14	,	,	PUNCT
fbem-10902	97	15	the	the	DET
fbem-10902	97	16	coefficients	coefficient	NOUN
fbem-10902	97	17	of	of	ADP
fbem-10902	97	18	do	do	NOUN
fbem-10902	97	19	on	on	ADP
fbem-10902	97	20	lngi	lngi	PROPN
fbem-10902	97	21	and	and	CCONJ
fbem-10902	97	22	lngi_inv	lngi_inv	NOUN
fbem-10902	97	23	are	be	AUX
fbem-10902	97	24	still	still	ADV
fbem-10902	97	25	significantly	significantly	ADV
fbem-10902	97	26	positive	positive	ADJ
fbem-10902	97	27	when	when	SCONJ
fbem-10902	97	28	do	do	AUX
fbem-10902	97	29	and	and	CCONJ
fbem-10902	97	30	risk	risk	NOUN
fbem-10902	97	31	are	be	AUX
fbem-10902	97	32	put	put	VERB
fbem-10902	97	33	into	into	ADP
fbem-10902	97	34	the	the	DET
fbem-10902	97	35	model	model	NOUN
fbem-10902	97	36	at	at	ADP
fbem-10902	97	37	the	the	DET
fbem-10902	97	38	same	same	ADJ
fbem-10902	97	39	time	time	NOUN
fbem-10902	97	40	,	,	PUNCT
fbem-10902	97	41	which	which	PRON
fbem-10902	97	42	indicates	indicate	VERB
fbem-10902	97	43	that	that	SCONJ
fbem-10902	97	44	directors	director	NOUN
fbem-10902	97	45	'	'	PART
fbem-10902	97	46	liability	liability	NOUN
fbem-10902	97	47	insurance	insurance	NOUN
fbem-10902	97	48	can	can	AUX
fbem-10902	97	49	promote	promote	VERB
fbem-10902	97	50	green	green	ADJ
fbem-10902	97	51	innovation	innovation	NOUN
fbem-10902	97	52	of	of	ADP
fbem-10902	97	53	firms	firm	NOUN
fbem-10902	97	54	by	by	ADP
fbem-10902	97	55	increasing	increase	VERB
fbem-10902	97	56	the	the	DET
fbem-10902	97	57	level	level	NOUN
fbem-10902	97	58	of	of	ADP
fbem-10902	97	59	corporate	corporate	ADJ
fbem-10902	97	60	risk	risk	NOUN
fbem-10902	97	61	taking	taking	NOUN
fbem-10902	97	62	.	.	PUNCT
fbem-10902	98	1	the	the	DET
fbem-10902	98	2	above	above	ADJ
fbem-10902	98	3	results	result	NOUN
fbem-10902	98	4	show	show	VERB
fbem-10902	98	5	that	that	SCONJ
fbem-10902	98	6	risk	risk	NOUN
fbem-10902	98	7	-	-	PUNCT
fbem-10902	98	8	taking	taking	NOUN
fbem-10902	98	9	plays	play	NOUN
fbem-10902	98	10	a	a	DET
fbem-10902	98	11	partial	partial	ADJ
fbem-10902	98	12	mediating	mediate	VERB
fbem-10902	98	13	effect	effect	NOUN
fbem-10902	98	14	in	in	ADP
fbem-10902	98	15	the	the	DET
fbem-10902	98	16	relationship	relationship	NOUN
fbem-10902	98	17	between	between	ADP
fbem-10902	98	18	directors	director	NOUN
fbem-10902	98	19	'	'	PART
fbem-10902	98	20	insurance	insurance	NOUN
fbem-10902	98	21	and	and	CCONJ
fbem-10902	98	22	corporate	corporate	ADJ
fbem-10902	98	23	green	green	ADJ
fbem-10902	98	24	innovation	innovation	NOUN
fbem-10902	98	25	,	,	PUNCT
fbem-10902	98	26	verifying	verify	VERB
fbem-10902	98	27	h2	h2	NOUN
fbem-10902	98	28	.	.	PUNCT
fbem-10902	99	1	table	table	NOUN
fbem-10902	99	2	4	4	NUM
fbem-10902	99	3	.	.	PUNCT
fbem-10902	99	4	intermediation	intermediation	NOUN
fbem-10902	99	5	regression	regression	NOUN
fbem-10902	99	6	results	result	VERB
fbem-10902	99	7	variable	variable	ADJ
fbem-10902	99	8	risk	risk	NOUN
fbem-10902	99	9	lngi	lngi	NOUN
fbem-10902	99	10	lngi_inv	lngi_inv	VERB
fbem-10902	99	11	do	do	VERB
fbem-10902	99	12	0.003	0.003	NUM
fbem-10902	99	13	*	*	NOUN
fbem-10902	99	14	*	*	NOUN
fbem-10902	99	15	0.209	0.209	NUM
fbem-10902	99	16	*	*	PUNCT
fbem-10902	99	17	*	*	PUNCT
fbem-10902	99	18	*	*	PUNCT
fbem-10902	99	19	0.156	0.156	NUM
fbem-10902	99	20	*	*	PUNCT
fbem-10902	99	21	*	*	PUNCT
fbem-10902	99	22	*	*	PUNCT
fbem-10902	99	23	(	(	PUNCT
fbem-10902	99	24	0.002	0.002	NUM
fbem-10902	99	25	)	)	PUNCT
fbem-10902	99	26	(	(	PUNCT
fbem-10902	99	27	0.040	0.040	NUM
fbem-10902	99	28	)	)	PUNCT
fbem-10902	99	29	(	(	PUNCT
fbem-10902	99	30	0.032	0.032	NUM
fbem-10902	99	31	)	)	PUNCT
fbem-10902	99	32	risk	risk	NOUN
fbem-10902	99	33	0.590	0.590	NUM
fbem-10902	99	34	*	*	PUNCT
fbem-10902	99	35	*	*	PUNCT
fbem-10902	99	36	*	*	PUNCT
fbem-10902	99	37	0.348	0.348	NUM
fbem-10902	99	38	*	*	PUNCT
fbem-10902	99	39	*	*	PUNCT
fbem-10902	99	40	(	(	PUNCT
fbem-10902	99	41	0.216	0.216	NUM
fbem-10902	99	42	)	)	PUNCT
fbem-10902	99	43	(	(	PUNCT
fbem-10902	99	44	0.174	0.174	NUM
fbem-10902	99	45	)	)	PUNCT
fbem-10902	99	46	constant	constant	ADJ
fbem-10902	99	47	0.174	0.174	NUM
fbem-10902	99	48	*	*	PUNCT
fbem-10902	99	49	*	*	PUNCT
fbem-10902	99	50	*	*	PUNCT
fbem-10902	99	51	-0.501	-0.501	NOUN
fbem-10902	100	1	-0.489	-0.489	PUNCT
fbem-10902	101	1	*	*	PUNCT
fbem-10902	101	2	(	(	PUNCT
fbem-10902	101	3	0.013	0.013	NUM
fbem-10902	101	4	)	)	PUNCT
fbem-10902	101	5	(	(	PUNCT
fbem-10902	101	6	0.345	0.345	NUM
fbem-10902	101	7	)	)	PUNCT
fbem-10902	101	8	(	(	PUNCT
fbem-10902	101	9	0.277	0.277	NUM
fbem-10902	101	10	)	)	PUNCT
fbem-10902	101	11	controls	control	VERB
fbem-10902	101	12	control	control	NOUN
fbem-10902	101	13	control	control	PROPN
fbem-10902	101	14	control	control	PROPN
fbem-10902	101	15	year	year	PROPN
fbem-10902	101	16	control	control	PROPN
fbem-10902	101	17	control	control	PROPN
fbem-10902	101	18	control	control	PROPN
fbem-10902	101	19	industry	industry	NOUN
fbem-10902	101	20	control	control	PROPN
fbem-10902	101	21	control	control	PROPN
fbem-10902	101	22	control	control	PROPN
fbem-10902	101	23	r2	r2	PROPN
fbem-10902	101	24	0.101	0.101	NUM
fbem-10902	101	25	0.033	0.033	NUM
fbem-10902	101	26	0.021	0.021	NUM
fbem-10902	101	27	n	n	CCONJ
fbem-10902	101	28	16,896	16,896	NUM
fbem-10902	101	29	16,896	16,896	NUM
fbem-10902	101	30	16,896	16,896	NUM
fbem-10902	101	31	4.4	4.4	NUM
fbem-10902	101	32	.	.	PUNCT
fbem-10902	102	1	robustness	robustness	NOUN
fbem-10902	102	2	check	check	NOUN
fbem-10902	102	3	4.4.1	4.4.1	NUM
fbem-10902	102	4	.	.	PUNCT
fbem-10902	103	1	heckman	heckman	PROPN
fbem-10902	103	2	's	's	PART
fbem-10902	103	3	two	two	NUM
fbem-10902	103	4	-	-	PUNCT
fbem-10902	103	5	stage	stage	NOUN
fbem-10902	103	6	approach	approach	NOUN
fbem-10902	103	7	there	there	PRON
fbem-10902	103	8	may	may	AUX
fbem-10902	103	9	be	be	AUX
fbem-10902	103	10	an	an	DET
fbem-10902	103	11	endogeneity	endogeneity	NOUN
fbem-10902	103	12	problem	problem	NOUN
fbem-10902	103	13	of	of	ADP
fbem-10902	103	14	self	self	NOUN
fbem-10902	103	15	-	-	PUNCT
fbem-10902	103	16	selection	selection	NOUN
fbem-10902	103	17	bias	bias	NOUN
fbem-10902	103	18	in	in	ADP
fbem-10902	103	19	the	the	DET
fbem-10902	103	20	purchase	purchase	NOUN
fbem-10902	103	21	of	of	ADP
fbem-10902	103	22	director	director	NOUN
fbem-10902	103	23	's	's	PART
fbem-10902	103	24	liability	liability	NOUN
fbem-10902	103	25	insurance	insurance	NOUN
fbem-10902	103	26	by	by	ADP
fbem-10902	103	27	firms	firm	NOUN
fbem-10902	103	28	,	,	PUNCT
fbem-10902	103	29	i.e.	i.e.	X
fbem-10902	103	30	,	,	PUNCT
fbem-10902	103	31	listed	list	VERB
fbem-10902	103	32	companies	company	NOUN
fbem-10902	103	33	purchasing	purchase	VERB
fbem-10902	103	34	director	director	NOUN
fbem-10902	103	35	's	's	PART
fbem-10902	103	36	liability	liability	NOUN
fbem-10902	103	37	insurance	insurance	NOUN
fbem-10902	103	38	may	may	AUX
fbem-10902	103	39	themselves	themselves	PRON
fbem-10902	103	40	attach	attach	VERB
fbem-10902	103	41	more	more	ADJ
fbem-10902	103	42	importance	importance	NOUN
fbem-10902	103	43	to	to	ADP
fbem-10902	103	44	the	the	DET
fbem-10902	103	45	conduct	conduct	NOUN
fbem-10902	103	46	of	of	ADP
fbem-10902	103	47	green	green	ADJ
fbem-10902	103	48	innovation	innovation	NOUN
fbem-10902	103	49	programs	program	NOUN
fbem-10902	103	50	,	,	PUNCT
fbem-10902	103	51	which	which	PRON
fbem-10902	103	52	can	can	AUX
fbem-10902	103	53	lead	lead	VERB
fbem-10902	103	54	to	to	ADP
fbem-10902	103	55	biased	biased	ADJ
fbem-10902	103	56	results	result	NOUN
fbem-10902	103	57	of	of	ADP
fbem-10902	103	58	the	the	DET
fbem-10902	103	59	previous	previous	ADJ
fbem-10902	103	60	estimation	estimation	NOUN
fbem-10902	103	61	.	.	PUNCT
fbem-10902	104	1	in	in	ADP
fbem-10902	104	2	view	view	NOUN
fbem-10902	104	3	of	of	ADP
fbem-10902	104	4	this	this	PRON
fbem-10902	104	5	,	,	PUNCT
fbem-10902	104	6	this	this	DET
fbem-10902	104	7	paper	paper	NOUN
fbem-10902	104	8	adopts	adopt	VERB
fbem-10902	104	9	the	the	DET
fbem-10902	104	10	heckman	heckman	PROPN
fbem-10902	104	11	two	two	NUM
fbem-10902	104	12	-	-	PUNCT
fbem-10902	104	13	stage	stage	NOUN
fbem-10902	104	14	method	method	NOUN
fbem-10902	104	15	for	for	ADP
fbem-10902	104	16	robustness	robustness	NOUN
fbem-10902	104	17	testing	testing	NOUN
fbem-10902	104	18	(	(	PUNCT
fbem-10902	104	19	yuan	yuan	NOUN
fbem-10902	104	20	rongli	rongli	NOUN
fbem-10902	104	21	(	(	PUNCT
fbem-10902	104	22	2018	2018	NUM
fbem-10902	104	23	)	)	PUNCT
fbem-10902	104	24	,	,	PUNCT
fbem-10902	104	25	li	li	PROPN
fbem-10902	104	26	conggang	conggang	PROPN
fbem-10902	104	27	and	and	CCONJ
fbem-10902	104	28	xu	xu	PROPN
fbem-10902	104	29	rong	rong	PROPN
fbem-10902	104	30	(	(	PUNCT
fbem-10902	104	31	2019	2019	NUM
fbem-10902	104	32	)	)	PUNCT
fbem-10902	104	33	)	)	PUNCT
fbem-10902	104	34	,	,	PUNCT
fbem-10902	104	35	which	which	PRON
fbem-10902	104	36	takes	take	VERB
fbem-10902	104	37	the	the	DET
fbem-10902	104	38	proportion	proportion	NOUN
fbem-10902	104	39	of	of	ADP
fbem-10902	104	40	listed	list	VERB
fbem-10902	104	41	companies	company	NOUN
fbem-10902	104	42	in	in	ADP
fbem-10902	104	43	the	the	DET
fbem-10902	104	44	same	same	ADJ
fbem-10902	104	45	industry	industry	NOUN
fbem-10902	104	46	purchasing	purchasing	NOUN
fbem-10902	104	47	director	director	NOUN
fbem-10902	104	48	's	's	PART
fbem-10902	104	49	insurance	insurance	NOUN
fbem-10902	104	50	(	(	PUNCT
fbem-10902	104	51	iv	iv	NOUN
fbem-10902	104	52	)	)	PUNCT
fbem-10902	104	53	as	as	ADP
fbem-10902	104	54	an	an	DET
fbem-10902	104	55	exogenous	exogenous	ADJ
fbem-10902	104	56	variable	variable	NOUN
fbem-10902	104	57	affecting	affect	VERB
fbem-10902	104	58	the	the	DET
fbem-10902	104	59	director	director	NOUN
fbem-10902	104	60	's	's	PART
fbem-10902	104	61	insurance	insurance	NOUN
fbem-10902	104	62	,	,	PUNCT
fbem-10902	104	63	and	and	CCONJ
fbem-10902	104	64	the	the	PRON
fbem-10902	104	65	higher	high	ADJ
fbem-10902	104	66	the	the	DET
fbem-10902	104	67	proportion	proportion	NOUN
fbem-10902	104	68	of	of	ADP
fbem-10902	104	69	other	other	ADJ
fbem-10902	104	70	companies	company	NOUN
fbem-10902	104	71	in	in	ADP
fbem-10902	104	72	the	the	DET
fbem-10902	104	73	same	same	ADJ
fbem-10902	104	74	industry	industry	NOUN
fbem-10902	104	75	purchasing	purchasing	NOUN
fbem-10902	104	76	director	director	NOUN
fbem-10902	104	77	's	's	PART
fbem-10902	104	78	insurance	insurance	NOUN
fbem-10902	104	79	,	,	PUNCT
fbem-10902	104	80	the	the	PRON
fbem-10902	104	81	more	more	ADV
fbem-10902	104	82	likely	likely	ADJ
fbem-10902	104	83	it	it	PRON
fbem-10902	104	84	is	be	AUX
fbem-10902	104	85	to	to	PART
fbem-10902	104	86	stimulate	stimulate	VERB
fbem-10902	104	87	the	the	DET
fbem-10902	104	88	company	company	NOUN
fbem-10902	104	89	to	to	PART
fbem-10902	104	90	purchase	purchase	VERB
fbem-10902	104	91	director	director	NOUN
fbem-10902	104	92	's	's	PART
fbem-10902	104	93	insurance	insurance	NOUN
fbem-10902	104	94	,	,	PUNCT
fbem-10902	104	95	which	which	PRON
fbem-10902	104	96	fulfills	fulfill	VERB
fbem-10902	104	97	the	the	DET
fbem-10902	104	98	correlation	correlation	NOUN
fbem-10902	104	99	requirement	requirement	NOUN
fbem-10902	104	100	of	of	ADP
fbem-10902	104	101	instrumental	instrumental	ADJ
fbem-10902	104	102	variables	variable	NOUN
fbem-10902	104	103	;	;	PUNCT
fbem-10902	104	104	at	at	ADP
fbem-10902	104	105	the	the	DET
fbem-10902	104	106	same	same	ADJ
fbem-10902	104	107	time	time	NOUN
fbem-10902	104	108	,	,	PUNCT
fbem-10902	104	109	whether	whether	SCONJ
fbem-10902	104	110	other	other	ADJ
fbem-10902	104	111	companies	company	NOUN
fbem-10902	104	112	in	in	ADP
fbem-10902	104	113	the	the	DET
fbem-10902	104	114	same	same	ADJ
fbem-10902	104	115	industry	industry	NOUN
fbem-10902	104	116	purchase	purchase	NOUN
fbem-10902	104	117	directors	director	NOUN
fbem-10902	104	118	'	'	PART
fbem-10902	104	119	liability	liability	NOUN
fbem-10902	104	120	insurance	insurance	NOUN
fbem-10902	104	121	will	will	AUX
fbem-10902	104	122	not	not	PART
fbem-10902	104	123	directly	directly	ADV
fbem-10902	104	124	affect	affect	VERB
fbem-10902	104	125	the	the	DET
fbem-10902	104	126	level	level	NOUN
fbem-10902	104	127	of	of	ADP
fbem-10902	104	128	green	green	ADJ
fbem-10902	104	129	innovation	innovation	NOUN
fbem-10902	104	130	of	of	ADP
fbem-10902	104	131	the	the	DET
fbem-10902	104	132	company	company	NOUN
fbem-10902	104	133	,	,	PUNCT
fbem-10902	104	134	satisfying	satisfy	VERB
fbem-10902	104	135	the	the	DET
fbem-10902	104	136	exogenous	exogenous	ADJ
fbem-10902	104	137	requirement	requirement	NOUN
fbem-10902	104	138	of	of	ADP
fbem-10902	104	139	the	the	DET
fbem-10902	104	140	instrumental	instrumental	ADJ
fbem-10902	104	141	variable	variable	NOUN
fbem-10902	104	142	.	.	PUNCT
fbem-10902	105	1	the	the	DET
fbem-10902	105	2	specific	specific	ADJ
fbem-10902	105	3	steps	step	NOUN
fbem-10902	105	4	are	be	AUX
fbem-10902	105	5	as	as	SCONJ
fbem-10902	105	6	follows	follow	VERB
fbem-10902	105	7	:	:	PUNCT
fbem-10902	105	8	in	in	ADP
fbem-10902	105	9	the	the	DET
fbem-10902	105	10	first	first	ADJ
fbem-10902	105	11	stage	stage	NOUN
fbem-10902	105	12	,	,	PUNCT
fbem-10902	105	13	the	the	DET
fbem-10902	105	14	probit	probit	NOUN
fbem-10902	105	15	model	model	NOUN
fbem-10902	105	16	is	be	AUX
fbem-10902	105	17	used	use	VERB
fbem-10902	105	18	to	to	PART
fbem-10902	105	19	estimate	estimate	VERB
fbem-10902	105	20	the	the	DET
fbem-10902	105	21	imr	imr	NOUN
fbem-10902	105	22	(	(	PUNCT
fbem-10902	105	23	inverse	inverse	NOUN
fbem-10902	105	24	mills	mill	NOUN
fbem-10902	105	25	ratio	ratio	NOUN
fbem-10902	105	26	)	)	PUNCT
fbem-10902	105	27	of	of	ADP
fbem-10902	105	28	listed	list	VERB
fbem-10902	105	29	companies	company	NOUN
fbem-10902	105	30	choosing	choose	VERB
fbem-10902	105	31	to	to	PART
fbem-10902	105	32	purchase	purchase	VERB
fbem-10902	105	33	directors	director	NOUN
fbem-10902	105	34	'	'	PART
fbem-10902	105	35	liability	liability	NOUN
fbem-10902	105	36	insurance	insurance	NOUN
fbem-10902	105	37	,	,	PUNCT
fbem-10902	105	38	and	and	CCONJ
fbem-10902	105	39	the	the	DET
fbem-10902	105	40	regression	regression	NOUN
fbem-10902	105	41	results	result	NOUN
fbem-10902	105	42	are	be	AUX
fbem-10902	105	43	shown	show	VERB
fbem-10902	105	44	in	in	ADP
fbem-10902	105	45	table	table	NOUN
fbem-10902	105	46	5	5	NUM
fbem-10902	105	47	;	;	PUNCT
fbem-10902	105	48	in	in	ADP
fbem-10902	105	49	the	the	DET
fbem-10902	105	50	second	second	ADJ
fbem-10902	105	51	stage	stage	NOUN
fbem-10902	105	52	,	,	PUNCT
fbem-10902	105	53	the	the	DET
fbem-10902	105	54	imr	imr	NOUN
fbem-10902	105	55	estimated	estimate	VERB
fbem-10902	105	56	in	in	ADP
fbem-10902	105	57	the	the	DET
fbem-10902	105	58	first	first	ADJ
fbem-10902	105	59	stage	stage	NOUN
fbem-10902	105	60	is	be	AUX
fbem-10902	105	61	added	add	VERB
fbem-10902	105	62	to	to	ADP
fbem-10902	105	63	the	the	DET
fbem-10902	105	64	model	model	NOUN
fbem-10902	105	65	and	and	CCONJ
fbem-10902	105	66	regressed	regress	VERB
fbem-10902	105	67	again	again	ADV
fbem-10902	105	68	,	,	PUNCT
fbem-10902	105	69	and	and	CCONJ
fbem-10902	105	70	the	the	DET
fbem-10902	105	71	179	179	NUM
fbem-10902	105	72	regression	regression	NOUN
fbem-10902	105	73	results	result	NOUN
fbem-10902	105	74	are	be	AUX
fbem-10902	105	75	shown	show	VERB
fbem-10902	105	76	in	in	ADP
fbem-10902	105	77	table	table	NOUN
fbem-10902	105	78	5	5	NUM
fbem-10902	105	79	.	.	PUNCT
fbem-10902	106	1	as	as	SCONJ
fbem-10902	106	2	can	can	AUX
fbem-10902	106	3	be	be	AUX
fbem-10902	106	4	seen	see	VERB
fbem-10902	106	5	in	in	ADP
fbem-10902	106	6	table	table	NOUN
fbem-10902	106	7	6	6	NUM
fbem-10902	106	8	,	,	PUNCT
fbem-10902	106	9	the	the	DET
fbem-10902	106	10	instrumental	instrumental	ADJ
fbem-10902	106	11	variable	variable	NOUN
fbem-10902	106	12	iv	iv	NUM
fbem-10902	106	13	is	be	AUX
fbem-10902	106	14	significantly	significantly	ADV
fbem-10902	106	15	positive	positive	ADJ
fbem-10902	106	16	,	,	PUNCT
fbem-10902	106	17	which	which	PRON
fbem-10902	106	18	indicates	indicate	VERB
fbem-10902	106	19	that	that	SCONJ
fbem-10902	106	20	the	the	PRON
fbem-10902	106	21	higher	high	ADJ
fbem-10902	106	22	the	the	DET
fbem-10902	106	23	proportion	proportion	NOUN
fbem-10902	106	24	of	of	ADP
fbem-10902	106	25	listed	list	VERB
fbem-10902	106	26	companies	company	NOUN
fbem-10902	106	27	in	in	ADP
fbem-10902	106	28	the	the	DET
fbem-10902	106	29	same	same	ADJ
fbem-10902	106	30	industry	industry	NOUN
fbem-10902	106	31	that	that	PRON
fbem-10902	106	32	purchase	purchase	VERB
fbem-10902	106	33	directors	director	NOUN
fbem-10902	106	34	'	'	PART
fbem-10902	106	35	liability	liability	NOUN
fbem-10902	106	36	insurance	insurance	NOUN
fbem-10902	106	37	,	,	PUNCT
fbem-10902	106	38	the	the	PRON
fbem-10902	106	39	higher	high	ADJ
fbem-10902	106	40	the	the	DET
fbem-10902	106	41	proportion	proportion	NOUN
fbem-10902	106	42	of	of	ADP
fbem-10902	106	43	other	other	ADJ
fbem-10902	106	44	listed	list	VERB
fbem-10902	106	45	companies	company	NOUN
fbem-10902	106	46	that	that	PRON
fbem-10902	106	47	purchase	purchase	VERB
fbem-10902	106	48	directors	director	NOUN
fbem-10902	106	49	'	'	PART
fbem-10902	106	50	liability	liability	NOUN
fbem-10902	106	51	insurance	insurance	NOUN
fbem-10902	106	52	.	.	PUNCT
fbem-10902	107	1	the	the	PRON
fbem-10902	107	2	higher	high	ADJ
fbem-10902	107	3	the	the	DET
fbem-10902	107	4	proportion	proportion	NOUN
fbem-10902	107	5	,	,	PUNCT
fbem-10902	107	6	the	the	PRON
fbem-10902	107	7	higher	high	ADJ
fbem-10902	107	8	the	the	DET
fbem-10902	107	9	probability	probability	NOUN
fbem-10902	107	10	of	of	ADP
fbem-10902	107	11	other	other	ADJ
fbem-10902	107	12	listed	list	VERB
fbem-10902	107	13	companies	company	NOUN
fbem-10902	107	14	purchasing	purchase	VERB
fbem-10902	107	15	director	director	NOUN
fbem-10902	107	16	's	's	PART
fbem-10902	107	17	insurance	insurance	NOUN
fbem-10902	107	18	,	,	PUNCT
fbem-10902	107	19	indicating	indicate	VERB
fbem-10902	107	20	that	that	SCONJ
fbem-10902	107	21	the	the	DET
fbem-10902	107	22	selection	selection	NOUN
fbem-10902	107	23	of	of	ADP
fbem-10902	107	24	instrumental	instrumental	ADJ
fbem-10902	107	25	variables	variable	NOUN
fbem-10902	107	26	is	be	AUX
fbem-10902	107	27	reasonable	reasonable	ADJ
fbem-10902	107	28	.	.	PUNCT
fbem-10902	108	1	as	as	SCONJ
fbem-10902	108	2	can	can	AUX
fbem-10902	108	3	be	be	AUX
fbem-10902	108	4	seen	see	VERB
fbem-10902	108	5	from	from	ADP
fbem-10902	108	6	table	table	NOUN
fbem-10902	108	7	6	6	NUM
fbem-10902	108	8	,	,	PUNCT
fbem-10902	108	9	the	the	DET
fbem-10902	108	10	coefficient	coefficient	NOUN
fbem-10902	108	11	of	of	ADP
fbem-10902	108	12	do	do	PROPN
fbem-10902	108	13	is	be	AUX
fbem-10902	108	14	still	still	ADV
fbem-10902	108	15	positive	positive	ADJ
fbem-10902	108	16	at	at	ADP
fbem-10902	108	17	1	1	NUM
fbem-10902	108	18	%	%	NOUN
fbem-10902	108	19	significance	significance	NOUN
fbem-10902	108	20	level	level	NOUN
fbem-10902	108	21	,	,	PUNCT
fbem-10902	108	22	indicating	indicate	VERB
fbem-10902	108	23	that	that	SCONJ
fbem-10902	108	24	the	the	DET
fbem-10902	108	25	test	test	NOUN
fbem-10902	108	26	results	result	NOUN
fbem-10902	108	27	still	still	ADV
fbem-10902	108	28	support	support	VERB
fbem-10902	108	29	the	the	DET
fbem-10902	108	30	previous	previous	ADJ
fbem-10902	108	31	findings	finding	NOUN
fbem-10902	108	32	.	.	PUNCT
fbem-10902	109	1	table	table	NOUN
fbem-10902	109	2	5	5	NUM
fbem-10902	109	3	.	.	PUNCT
fbem-10902	110	1	heckman	heckman	PROPN
fbem-10902	110	2	two	two	NUM
fbem-10902	110	3	-	-	PUNCT
fbem-10902	110	4	stage	stage	NOUN
fbem-10902	110	5	regression	regression	NOUN
fbem-10902	110	6	results	result	VERB
fbem-10902	110	7	variable	variable	ADJ
fbem-10902	110	8	do	do	AUX
fbem-10902	110	9	lngi	lngi	VERB
fbem-10902	110	10	lngi_inv	lngi_inv	ADV
fbem-10902	110	11	iv	iv	NUM
fbem-10902	110	12	62.140	62.140	NUM
fbem-10902	110	13	*	*	PUNCT
fbem-10902	110	14	do	do	VERB
fbem-10902	110	15	0.207	0.207	NUM
fbem-10902	110	16	*	*	PUNCT
fbem-10902	110	17	*	*	PUNCT
fbem-10902	110	18	*	*	PUNCT
fbem-10902	110	19	0.160	0.160	NUM
fbem-10902	110	20	*	*	PUNCT
fbem-10902	110	21	*	*	PUNCT
fbem-10902	110	22	*	*	PUNCT
fbem-10902	110	23	(	(	PUNCT
fbem-10902	110	24	36.912	36.912	NUM
fbem-10902	110	25	)	)	PUNCT
fbem-10902	110	26	(	(	PUNCT
fbem-10902	110	27	0.039	0.039	NUM
fbem-10902	110	28	)	)	PUNCT
fbem-10902	110	29	(	(	PUNCT
fbem-10902	110	30	0.032	0.032	NUM
fbem-10902	110	31	)	)	PUNCT
fbem-10902	110	32	constant	constant	ADJ
fbem-10902	110	33	-7.633	-7.633	NOUN
fbem-10902	110	34	*	*	PUNCT
fbem-10902	110	35	*	*	PUNCT
fbem-10902	110	36	*	*	PUNCT
fbem-10902	110	37	constant	constant	ADJ
fbem-10902	110	38	-2.843	-2.843	NOUN
fbem-10902	110	39	*	*	SYM
fbem-10902	110	40	-2.063	-2.063	PUNCT
fbem-10902	110	41	(	(	PUNCT
fbem-10902	110	42	1.498	1.498	NUM
fbem-10902	110	43	)	)	PUNCT
fbem-10902	110	44	(	(	PUNCT
fbem-10902	110	45	1.657	1.657	NUM
fbem-10902	110	46	)	)	PUNCT
fbem-10902	110	47	(	(	PUNCT
fbem-10902	110	48	1.322	1.322	NUM
fbem-10902	110	49	)	)	PUNCT
fbem-10902	110	50	constant	constant	ADJ
fbem-10902	110	51	0.174	0.174	NUM
fbem-10902	110	52	*	*	PUNCT
fbem-10902	110	53	*	*	PUNCT
fbem-10902	110	54	*	*	PUNCT
fbem-10902	110	55	constant	constant	ADJ
fbem-10902	110	56	-0.501	-0.501	NOUN
fbem-10902	110	57	-0.489	-0.489	PUNCT
fbem-10902	111	1	*	*	PUNCT
fbem-10902	111	2	(	(	PUNCT
fbem-10902	111	3	0.013	0.013	NUM
fbem-10902	111	4	)	)	PUNCT
fbem-10902	111	5	(	(	PUNCT
fbem-10902	111	6	0.345	0.345	NUM
fbem-10902	111	7	)	)	PUNCT
fbem-10902	111	8	(	(	PUNCT
fbem-10902	111	9	0.277	0.277	NUM
fbem-10902	111	10	)	)	PUNCT
fbem-10902	111	11	controls	control	VERB
fbem-10902	111	12	control	control	NOUN
fbem-10902	111	13	controls	control	VERB
fbem-10902	111	14	control	control	NOUN
fbem-10902	111	15	control	control	PROPN
fbem-10902	111	16	year	year	PROPN
fbem-10902	111	17	control	control	PROPN
fbem-10902	111	18	year	year	PROPN
fbem-10902	111	19	control	control	PROPN
fbem-10902	111	20	control	control	PROPN
fbem-10902	111	21	industry	industry	NOUN
fbem-10902	111	22	control	control	NOUN
fbem-10902	111	23	industry	industry	NOUN
fbem-10902	111	24	control	control	NOUN
fbem-10902	111	25	control	control	NOUN
fbem-10902	111	26	r2	r2	PROPN
fbem-10902	111	27	0.190	0.190	NUM
fbem-10902	111	28	r2	r2	NOUN
fbem-10902	111	29	0.030	0.030	NUM
fbem-10902	111	30	0.021	0.021	NUM
fbem-10902	111	31	n	n	PROPN
fbem-10902	111	32	18,259	18,259	NUM
fbem-10902	111	33	n	n	NUM
fbem-10902	111	34	18,433	18,433	NUM
fbem-10902	111	35	18,433	18,433	NUM
fbem-10902	111	36	4.4.2	4.4.2	NUM
fbem-10902	111	37	.	.	PUNCT
fbem-10902	112	1	replacement	replacement	NOUN
fbem-10902	112	2	of	of	ADP
fbem-10902	112	3	explained	explain	VERB
fbem-10902	112	4	variables	variable	NOUN
fbem-10902	112	5	in	in	ADP
fbem-10902	112	6	order	order	NOUN
fbem-10902	112	7	to	to	PART
fbem-10902	112	8	verify	verify	VERB
fbem-10902	112	9	the	the	DET
fbem-10902	112	10	robustness	robustness	NOUN
fbem-10902	112	11	of	of	ADP
fbem-10902	112	12	the	the	DET
fbem-10902	112	13	results	result	NOUN
fbem-10902	112	14	,	,	PUNCT
fbem-10902	112	15	drawing	draw	VERB
fbem-10902	112	16	on	on	ADP
fbem-10902	112	17	qi	qi	PROPN
fbem-10902	112	18	shaozhou	shaozhou	NOUN
fbem-10902	112	19	(	(	PUNCT
fbem-10902	112	20	2018	2018	NUM
fbem-10902	112	21	)	)	PUNCT
fbem-10902	112	22	,	,	PUNCT
fbem-10902	112	23	this	this	DET
fbem-10902	112	24	paper	paper	NOUN
fbem-10902	112	25	uses	use	VERB
fbem-10902	112	26	the	the	DET
fbem-10902	112	27	total	total	ADJ
fbem-10902	112	28	number	number	NOUN
fbem-10902	112	29	of	of	ADP
fbem-10902	112	30	green	green	ADJ
fbem-10902	112	31	patents	patent	NOUN
fbem-10902	112	32	granted	grant	VERB
fbem-10902	112	33	(	(	PUNCT
fbem-10902	112	34	lnginno	lnginno	PROPN
fbem-10902	112	35	)	)	PUNCT
fbem-10902	112	36	and	and	CCONJ
fbem-10902	112	37	the	the	DET
fbem-10902	112	38	number	number	NOUN
fbem-10902	112	39	of	of	ADP
fbem-10902	112	40	green	green	ADJ
fbem-10902	112	41	invention	invention	NOUN
fbem-10902	112	42	patents	patent	NOUN
fbem-10902	112	43	granted	grant	VERB
fbem-10902	112	44	(	(	PUNCT
fbem-10902	112	45	lnginno_inv	lnginno_inv	NUM
fbem-10902	112	46	)	)	PUNCT
fbem-10902	112	47	to	to	PART
fbem-10902	112	48	replace	replace	VERB
fbem-10902	112	49	the	the	DET
fbem-10902	112	50	explanatory	explanatory	ADJ
fbem-10902	112	51	variables	variable	NOUN
fbem-10902	112	52	and	and	CCONJ
fbem-10902	112	53	re	re	NOUN
fbem-10902	112	54	-	-	VERB
fbem-10902	112	55	test	test	VERB
fbem-10902	112	56	them	they	PRON
fbem-10902	112	57	,	,	PUNCT
fbem-10902	112	58	and	and	CCONJ
fbem-10902	112	59	the	the	DET
fbem-10902	112	60	results	result	NOUN
fbem-10902	112	61	are	be	AUX
fbem-10902	112	62	shown	show	VERB
fbem-10902	112	63	in	in	ADP
fbem-10902	112	64	columns	column	NOUN
fbem-10902	112	65	(	(	PUNCT
fbem-10902	112	66	1	1	NUM
fbem-10902	112	67	)	)	PUNCT
fbem-10902	112	68	and	and	CCONJ
fbem-10902	112	69	(	(	PUNCT
fbem-10902	112	70	2	2	X
fbem-10902	112	71	)	)	PUNCT
fbem-10902	112	72	of	of	ADP
fbem-10902	112	73	table	table	NOUN
fbem-10902	112	74	6	6	NUM
fbem-10902	112	75	.	.	PUNCT
fbem-10902	112	76	from	from	ADP
fbem-10902	112	77	the	the	DET
fbem-10902	112	78	results	result	NOUN
fbem-10902	112	79	,	,	PUNCT
fbem-10902	112	80	it	it	PRON
fbem-10902	112	81	can	can	AUX
fbem-10902	112	82	be	be	AUX
fbem-10902	112	83	seen	see	VERB
fbem-10902	112	84	that	that	SCONJ
fbem-10902	112	85	the	the	DET
fbem-10902	112	86	regression	regression	NOUN
fbem-10902	112	87	coefficient	coefficient	NOUN
fbem-10902	112	88	of	of	ADP
fbem-10902	112	89	do	do	PROPN
fbem-10902	112	90	is	be	AUX
fbem-10902	112	91	positive	positive	ADJ
fbem-10902	112	92	at	at	ADP
fbem-10902	112	93	the	the	DET
fbem-10902	112	94	5	5	NUM
fbem-10902	112	95	%	%	NOUN
fbem-10902	112	96	significance	significance	NOUN
fbem-10902	112	97	level	level	NOUN
fbem-10902	112	98	,	,	PUNCT
fbem-10902	112	99	which	which	PRON
fbem-10902	112	100	is	be	AUX
fbem-10902	112	101	consistent	consistent	ADJ
fbem-10902	112	102	with	with	ADP
fbem-10902	112	103	the	the	DET
fbem-10902	112	104	results	result	NOUN
fbem-10902	112	105	of	of	ADP
fbem-10902	112	106	the	the	DET
fbem-10902	112	107	benchmark	benchmark	NOUN
fbem-10902	112	108	regression	regression	NOUN
fbem-10902	112	109	.	.	PUNCT
fbem-10902	113	1	4.4.3	4.4.3	X
fbem-10902	113	2	.	.	NUM
fbem-10902	113	3	lagged	lag	VERB
fbem-10902	113	4	explanatory	explanatory	ADJ
fbem-10902	113	5	variables	variable	NOUN
fbem-10902	113	6	since	since	SCONJ
fbem-10902	113	7	the	the	DET
fbem-10902	113	8	governance	governance	NOUN
fbem-10902	113	9	effect	effect	NOUN
fbem-10902	113	10	or	or	CCONJ
fbem-10902	113	11	incentive	incentive	NOUN
fbem-10902	113	12	for	for	SCONJ
fbem-10902	113	13	management	management	NOUN
fbem-10902	113	14	to	to	PART
fbem-10902	113	15	make	make	VERB
fbem-10902	113	16	green	green	ADJ
fbem-10902	113	17	decisions	decision	NOUN
fbem-10902	113	18	after	after	ADP
fbem-10902	113	19	the	the	DET
fbem-10902	113	20	introduction	introduction	NOUN
fbem-10902	113	21	of	of	ADP
fbem-10902	113	22	director	director	NOUN
fbem-10902	113	23	's	's	PART
fbem-10902	113	24	liability	liability	NOUN
fbem-10902	113	25	insurance	insurance	NOUN
fbem-10902	113	26	may	may	AUX
fbem-10902	113	27	only	only	ADV
fbem-10902	113	28	appear	appear	VERB
fbem-10902	113	29	after	after	ADP
fbem-10902	113	30	a	a	DET
fbem-10902	113	31	period	period	NOUN
fbem-10902	113	32	of	of	ADP
fbem-10902	113	33	time	time	NOUN
fbem-10902	113	34	,	,	PUNCT
fbem-10902	113	35	and	and	CCONJ
fbem-10902	113	36	green	green	ADJ
fbem-10902	113	37	innovation	innovation	NOUN
fbem-10902	113	38	activities	activity	NOUN
fbem-10902	113	39	may	may	AUX
fbem-10902	113	40	require	require	VERB
fbem-10902	113	41	stricter	strict	ADJ
fbem-10902	113	42	control	control	NOUN
fbem-10902	113	43	as	as	ADV
fbem-10902	113	44	well	well	ADV
fbem-10902	113	45	as	as	ADP
fbem-10902	113	46	a	a	DET
fbem-10902	113	47	longer	long	ADJ
fbem-10902	113	48	period	period	NOUN
fbem-10902	113	49	of	of	ADP
fbem-10902	113	50	time	time	NOUN
fbem-10902	113	51	compared	compare	VERB
fbem-10902	113	52	to	to	ADP
fbem-10902	113	53	ordinary	ordinary	ADJ
fbem-10902	113	54	innovation	innovation	NOUN
fbem-10902	113	55	activities	activity	NOUN
fbem-10902	113	56	,	,	PUNCT
fbem-10902	113	57	in	in	ADP
fbem-10902	113	58	order	order	NOUN
fbem-10902	113	59	to	to	PART
fbem-10902	113	60	avoid	avoid	VERB
fbem-10902	113	61	the	the	DET
fbem-10902	113	62	negative	negative	ADJ
fbem-10902	113	63	impact	impact	NOUN
fbem-10902	113	64	on	on	ADP
fbem-10902	113	65	the	the	DET
fbem-10902	113	66	empirical	empirical	ADJ
fbem-10902	113	67	results	result	NOUN
fbem-10902	113	68	from	from	ADP
fbem-10902	113	69	the	the	DET
fbem-10902	113	70	lagging	lagging	NOUN
fbem-10902	113	71	of	of	ADP
fbem-10902	113	72	green	green	ADJ
fbem-10902	113	73	innovation	innovation	NOUN
fbem-10902	113	74	patents	patent	NOUN
fbem-10902	113	75	,	,	PUNCT
fbem-10902	113	76	and	and	CCONJ
fbem-10902	113	77	with	with	ADP
fbem-10902	113	78	reference	reference	NOUN
fbem-10902	113	79	to	to	ADP
fbem-10902	113	80	the	the	DET
fbem-10902	113	81	approach	approach	NOUN
fbem-10902	113	82	of	of	ADP
fbem-10902	113	83	he	he	PRON
fbem-10902	113	84	and	and	CCONJ
fbem-10902	113	85	tian	tian	ADJ
fbem-10902	113	86	(	(	PUNCT
fbem-10902	113	87	2013	2013	NUM
fbem-10902	113	88	)	)	PUNCT
fbem-10902	113	89	,	,	PUNCT
fbem-10902	113	90	and	and	CCONJ
fbem-10902	113	91	jiang	jiang	PROPN
fbem-10902	113	92	jun	jun	PROPN
fbem-10902	113	93	(	(	PUNCT
fbem-10902	113	94	2017	2017	NUM
fbem-10902	113	95	)	)	PUNCT
fbem-10902	114	1	,	,	PUNCT
fbem-10902	114	2	this	this	DET
fbem-10902	114	3	paper	paper	NOUN
fbem-10902	114	4	lags	lag	VERB
fbem-10902	114	5	the	the	DET
fbem-10902	114	6	green	green	ADJ
fbem-10902	114	7	innovation	innovation	NOUN
fbem-10902	114	8	variables	variable	NOUN
fbem-10902	114	9	are	be	AUX
fbem-10902	114	10	lagged	lag	VERB
fbem-10902	114	11	by	by	ADP
fbem-10902	114	12	one	one	NUM
fbem-10902	114	13	period	period	NOUN
fbem-10902	114	14	for	for	ADP
fbem-10902	114	15	further	further	ADJ
fbem-10902	114	16	testing	testing	NOUN
fbem-10902	114	17	.	.	PUNCT
fbem-10902	115	1	the	the	DET
fbem-10902	115	2	results	result	NOUN
fbem-10902	115	3	are	be	AUX
fbem-10902	115	4	shown	show	VERB
fbem-10902	115	5	in	in	ADP
fbem-10902	115	6	columns	column	NOUN
fbem-10902	115	7	(	(	PUNCT
fbem-10902	115	8	3	3	NUM
fbem-10902	115	9	)	)	PUNCT
fbem-10902	115	10	and	and	CCONJ
fbem-10902	115	11	(	(	PUNCT
fbem-10902	115	12	4	4	X
fbem-10902	115	13	)	)	PUNCT
fbem-10902	115	14	of	of	ADP
fbem-10902	115	15	table	table	NOUN
fbem-10902	115	16	6	6	NUM
fbem-10902	115	17	.	.	PUNCT
fbem-10902	116	1	the	the	DET
fbem-10902	116	2	regression	regression	NOUN
fbem-10902	116	3	coefficients	coefficient	NOUN
fbem-10902	116	4	of	of	ADP
fbem-10902	116	5	do	do	AUX
fbem-10902	116	6	are	be	AUX
fbem-10902	116	7	still	still	ADV
fbem-10902	116	8	significantly	significantly	ADV
fbem-10902	116	9	positive	positive	ADJ
fbem-10902	116	10	after	after	ADP
fbem-10902	116	11	lagging	lag	VERB
fbem-10902	116	12	the	the	DET
fbem-10902	116	13	explanatory	explanatory	ADJ
fbem-10902	116	14	variables	variable	NOUN
fbem-10902	116	15	by	by	ADP
fbem-10902	116	16	one	one	NUM
fbem-10902	116	17	period	period	NOUN
fbem-10902	116	18	,	,	PUNCT
fbem-10902	116	19	which	which	PRON
fbem-10902	116	20	is	be	AUX
fbem-10902	116	21	consistent	consistent	ADJ
fbem-10902	116	22	with	with	ADP
fbem-10902	116	23	the	the	DET
fbem-10902	116	24	results	result	NOUN
fbem-10902	116	25	of	of	ADP
fbem-10902	116	26	the	the	DET
fbem-10902	116	27	benchmark	benchmark	NOUN
fbem-10902	116	28	regression	regression	NOUN
fbem-10902	116	29	.	.	PUNCT
fbem-10902	117	1	table	table	NOUN
fbem-10902	117	2	5	5	NUM
fbem-10902	117	3	.	.	PUNCT
fbem-10902	117	4	robustness	robustness	NOUN
fbem-10902	117	5	test	test	NOUN
fbem-10902	117	6	results	result	VERB
fbem-10902	117	7	variable	variable	ADJ
fbem-10902	117	8	lnginno	lnginno	PROPN
fbem-10902	117	9	lnginno_inv	lnginno_inv	PROPN
fbem-10902	117	10	l.lngi	l.lngi	X
fbem-10902	117	11	l.lngi_inv	l.lngi_inv	PUNCT
fbem-10902	117	12	do	do	VERB
fbem-10902	117	13	0.087	0.087	NUM
fbem-10902	117	14	*	*	PUNCT
fbem-10902	117	15	*	*	PUNCT
fbem-10902	117	16	*	*	PUNCT
fbem-10902	117	17	0.051	0.051	NUM
fbem-10902	117	18	*	*	PUNCT
fbem-10902	117	19	*	*	PUNCT
fbem-10902	117	20	0.169	0.169	NUM
fbem-10902	117	21	*	*	PUNCT
fbem-10902	117	22	*	*	PUNCT
fbem-10902	117	23	*	*	PUNCT
fbem-10902	117	24	0.092	0.092	NUM
fbem-10902	117	25	*	*	PUNCT
fbem-10902	117	26	*	*	PUNCT
fbem-10902	117	27	*	*	PUNCT
fbem-10902	117	28	(	(	PUNCT
fbem-10902	117	29	0.032	0.032	NUM
fbem-10902	117	30	)	)	PUNCT
fbem-10902	117	31	(	(	PUNCT
fbem-10902	117	32	0.020	0.020	NUM
fbem-10902	117	33	)	)	PUNCT
fbem-10902	117	34	(	(	PUNCT
fbem-10902	117	35	0.044	0.044	NUM
fbem-10902	117	36	)	)	PUNCT
fbem-10902	117	37	(	(	PUNCT
fbem-10902	117	38	0.035	0.035	NUM
fbem-10902	117	39	)	)	PUNCT
fbem-10902	117	40	constant	constant	ADJ
fbem-10902	117	41	-0.510	-0.510	NOUN
fbem-10902	117	42	*	*	PUNCT
fbem-10902	117	43	*	*	PUNCT
fbem-10902	117	44	-0.460	-0.460	PUNCT
fbem-10902	117	45	*	*	PUNCT
fbem-10902	117	46	*	*	PUNCT
fbem-10902	117	47	*	*	PUNCT
fbem-10902	117	48	-0.962	-0.962	PUNCT
fbem-10902	117	49	*	*	PUNCT
fbem-10902	117	50	*	*	PUNCT
fbem-10902	117	51	*	*	PUNCT
fbem-10902	117	52	-0.921	-0.921	PUNCT
fbem-10902	117	53	*	*	PUNCT
fbem-10902	117	54	*	*	PUNCT
fbem-10902	117	55	*	*	PUNCT
fbem-10902	117	56	(	(	PUNCT
fbem-10902	117	57	0.258	0.258	NUM
fbem-10902	117	58	)	)	PUNCT
fbem-10902	117	59	(	(	PUNCT
fbem-10902	117	60	0.166	0.166	NUM
fbem-10902	117	61	)	)	PUNCT
fbem-10902	117	62	(	(	PUNCT
fbem-10902	117	63	0.373	0.373	NUM
fbem-10902	117	64	)	)	PUNCT
fbem-10902	117	65	(	(	PUNCT
fbem-10902	117	66	0.296	0.296	NUM
fbem-10902	117	67	)	)	PUNCT
fbem-10902	117	68	controls	control	VERB
fbem-10902	117	69	control	control	NOUN
fbem-10902	117	70	control	control	PROPN
fbem-10902	117	71	control	control	PROPN
fbem-10902	117	72	control	control	PROPN
fbem-10902	117	73	year	year	PROPN
fbem-10902	117	74	control	control	PROPN
fbem-10902	117	75	control	control	PROPN
fbem-10902	117	76	control	control	PROPN
fbem-10902	117	77	control	control	PROPN
fbem-10902	117	78	industry	industry	NOUN
fbem-10902	117	79	control	control	PROPN
fbem-10902	117	80	control	control	PROPN
fbem-10902	117	81	control	control	PROPN
fbem-10902	117	82	control	control	PROPN
fbem-10902	117	83	r2	r2	PROPN
fbem-10902	117	84	0.037	0.037	NUM
fbem-10902	117	85	0.016	0.016	NUM
fbem-10902	117	86	0.040	0.040	NUM
fbem-10902	117	87	0.028	0.028	NUM
fbem-10902	117	88	n	n	CCONJ
fbem-10902	117	89	2,842	2,842	NUM
fbem-10902	117	90	2,842	2,842	NUM
fbem-10902	117	91	2,761	2,761	NUM
fbem-10902	117	92	2,761	2,761	NUM
fbem-10902	117	93	5	5	NUM
fbem-10902	117	94	.	.	PUNCT
fbem-10902	118	1	conclusion	conclusion	NOUN
fbem-10902	118	2	selecting	select	VERB
fbem-10902	118	3	a	a	DET
fbem-10902	118	4	-	-	PUNCT
fbem-10902	118	5	share	share	NOUN
fbem-10902	118	6	listed	list	VERB
fbem-10902	118	7	companies	company	NOUN
fbem-10902	118	8	in	in	ADP
fbem-10902	118	9	shanghai	shanghai	PROPN
fbem-10902	118	10	and	and	CCONJ
fbem-10902	118	11	shenzhen	shenzhen	PROPN
fbem-10902	118	12	from	from	ADP
fbem-10902	118	13	2010	2010	NUM
fbem-10902	118	14	to	to	ADP
fbem-10902	118	15	2021	2021	NUM
fbem-10902	118	16	as	as	ADP
fbem-10902	118	17	the	the	DET
fbem-10902	118	18	research	research	NOUN
fbem-10902	118	19	object	object	NOUN
fbem-10902	118	20	,	,	PUNCT
fbem-10902	118	21	we	we	PRON
fbem-10902	118	22	empirically	empirically	ADV
fbem-10902	118	23	analyze	analyze	VERB
fbem-10902	118	24	whether	whether	SCONJ
fbem-10902	118	25	and	and	CCONJ
fbem-10902	118	26	how	how	SCONJ
fbem-10902	118	27	directors	director	NOUN
fbem-10902	118	28	'	'	PART
fbem-10902	118	29	liability	liability	NOUN
fbem-10902	118	30	insurance	insurance	NOUN
fbem-10902	118	31	affects	affect	VERB
fbem-10902	118	32	the	the	DET
fbem-10902	118	33	green	green	ADJ
fbem-10902	118	34	innovation	innovation	NOUN
fbem-10902	118	35	of	of	ADP
fbem-10902	118	36	enterprises	enterprise	NOUN
fbem-10902	118	37	.	.	PUNCT
fbem-10902	119	1	the	the	DET
fbem-10902	119	2	empirical	empirical	ADJ
fbem-10902	119	3	results	result	NOUN
fbem-10902	119	4	show	show	VERB
fbem-10902	119	5	that	that	SCONJ
fbem-10902	119	6	:	:	PUNCT
fbem-10902	119	7	(	(	PUNCT
fbem-10902	119	8	1	1	X
fbem-10902	119	9	)	)	PUNCT
fbem-10902	119	10	purchasing	purchasing	NOUN
fbem-10902	119	11	director	director	NOUN
fbem-10902	119	12	's	's	PART
fbem-10902	119	13	liability	liability	NOUN
fbem-10902	119	14	insurance	insurance	NOUN
fbem-10902	119	15	significantly	significantly	ADV
fbem-10902	119	16	enhances	enhance	VERB
fbem-10902	119	17	green	green	ADJ
fbem-10902	119	18	innovation	innovation	NOUN
fbem-10902	119	19	of	of	ADP
fbem-10902	119	20	enterprises	enterprise	NOUN
fbem-10902	119	21	;	;	PUNCT
fbem-10902	119	22	(	(	PUNCT
fbem-10902	119	23	2	2	X
fbem-10902	119	24	)	)	PUNCT
fbem-10902	119	25	director	director	NOUN
fbem-10902	119	26	's	's	PART
fbem-10902	119	27	liability	liability	NOUN
fbem-10902	119	28	insurance	insurance	NOUN
fbem-10902	119	29	can	can	AUX
fbem-10902	119	30	enhance	enhance	VERB
fbem-10902	119	31	green	green	ADJ
fbem-10902	119	32	innovation	innovation	NOUN
fbem-10902	119	33	by	by	ADP
fbem-10902	119	34	improving	improve	VERB
fbem-10902	119	35	enterprise	enterprise	NOUN
fbem-10902	119	36	risk	risk	NOUN
fbem-10902	119	37	taking	taking	NOUN
fbem-10902	119	38	.	.	PUNCT
fbem-10902	120	1	the	the	DET
fbem-10902	120	2	findings	finding	NOUN
fbem-10902	120	3	provide	provide	VERB
fbem-10902	120	4	some	some	DET
fbem-10902	120	5	empirical	empirical	ADJ
fbem-10902	120	6	insights	insight	NOUN
fbem-10902	120	7	into	into	ADP
fbem-10902	120	8	the	the	DET
fbem-10902	120	9	combination	combination	NOUN
fbem-10902	120	10	of	of	ADP
fbem-10902	120	11	directors	director	NOUN
fbem-10902	120	12	'	'	PART
fbem-10902	120	13	liability	liability	NOUN
fbem-10902	120	14	insurance	insurance	NOUN
fbem-10902	120	15	and	and	CCONJ
fbem-10902	120	16	the	the	DET
fbem-10902	120	17	real	real	ADJ
fbem-10902	120	18	economy	economy	NOUN
fbem-10902	120	19	.	.	PUNCT
fbem-10902	121	1	green	green	ADJ
fbem-10902	121	2	innovation	innovation	NOUN
fbem-10902	121	3	is	be	AUX
fbem-10902	121	4	a	a	DET
fbem-10902	121	5	way	way	NOUN
fbem-10902	121	6	to	to	PART
fbem-10902	121	7	realize	realize	VERB
fbem-10902	121	8	the	the	DET
fbem-10902	121	9	long	long	ADJ
fbem-10902	121	10	-	-	PUNCT
fbem-10902	121	11	term	term	NOUN
fbem-10902	121	12	development	development	NOUN
fbem-10902	121	13	of	of	ADP
fbem-10902	121	14	enterprises	enterprise	NOUN
fbem-10902	121	15	and	and	CCONJ
fbem-10902	121	16	enhance	enhance	VERB
fbem-10902	121	17	their	their	PRON
fbem-10902	121	18	core	core	NOUN
fbem-10902	121	19	competitiveness	competitiveness	NOUN
fbem-10902	121	20	,	,	PUNCT
fbem-10902	121	21	which	which	PRON
fbem-10902	121	22	has	have	AUX
fbem-10902	121	23	been	be	AUX
fbem-10902	121	24	widely	widely	ADV
fbem-10902	121	25	emphasized	emphasize	VERB
fbem-10902	121	26	at	at	ADP
fbem-10902	121	27	the	the	DET
fbem-10902	121	28	national	national	ADJ
fbem-10902	121	29	level	level	NOUN
fbem-10902	121	30	.	.	PUNCT
fbem-10902	122	1	as	as	ADP
fbem-10902	122	2	an	an	DET
fbem-10902	122	3	emerging	emerge	VERB
fbem-10902	122	4	governance	governance	NOUN
fbem-10902	122	5	tool	tool	NOUN
fbem-10902	122	6	,	,	PUNCT
fbem-10902	122	7	directors	director	NOUN
fbem-10902	122	8	'	'	PART
fbem-10902	122	9	liability	liability	NOUN
fbem-10902	122	10	insurance	insurance	NOUN
fbem-10902	122	11	has	have	VERB
fbem-10902	122	12	a	a	DET
fbem-10902	122	13	certain	certain	ADJ
fbem-10902	122	14	positive	positive	ADJ
fbem-10902	122	15	effect	effect	NOUN
fbem-10902	122	16	on	on	ADP
fbem-10902	122	17	corporate	corporate	ADJ
fbem-10902	122	18	governance	governance	NOUN
fbem-10902	122	19	.	.	PUNCT
fbem-10902	123	1	enterprises	enterprise	NOUN
fbem-10902	123	2	should	should	AUX
fbem-10902	123	3	correctly	correctly	ADV
fbem-10902	123	4	recognize	recognize	VERB
fbem-10902	123	5	the	the	DET
fbem-10902	123	6	corporate	corporate	ADJ
fbem-10902	123	7	governance	governance	NOUN
fbem-10902	123	8	function	function	NOUN
fbem-10902	123	9	of	of	ADP
fbem-10902	123	10	director	director	NOUN
fbem-10902	123	11	's	's	PART
fbem-10902	123	12	liability	liability	NOUN
fbem-10902	123	13	insurance	insurance	NOUN
fbem-10902	123	14	,	,	PUNCT
fbem-10902	123	15	and	and	CCONJ
fbem-10902	123	16	actively	actively	ADV
fbem-10902	123	17	introduce	introduce	VERB
fbem-10902	123	18	director	director	NOUN
fbem-10902	123	19	's	's	PART
fbem-10902	123	20	liability	liability	NOUN
fbem-10902	123	21	insurance	insurance	NOUN
fbem-10902	123	22	in	in	ADP
fbem-10902	123	23	combination	combination	NOUN
fbem-10902	123	24	with	with	ADP
fbem-10902	123	25	the	the	DET
fbem-10902	123	26	inherent	inherent	ADJ
fbem-10902	123	27	needs	need	NOUN
fbem-10902	123	28	of	of	ADP
fbem-10902	123	29	their	their	PRON
fbem-10902	123	30	own	own	ADJ
fbem-10902	123	31	development	development	NOUN
fbem-10902	123	32	.	.	PUNCT
fbem-10902	124	1	at	at	ADP
fbem-10902	124	2	the	the	DET
fbem-10902	124	3	same	same	ADJ
fbem-10902	124	4	time	time	NOUN
fbem-10902	124	5	,	,	PUNCT
fbem-10902	124	6	enterprises	enterprise	NOUN
fbem-10902	124	7	should	should	AUX
fbem-10902	124	8	improve	improve	VERB
fbem-10902	124	9	their	their	PRON
fbem-10902	124	10	risk	risk	NOUN
fbem-10902	124	11	management	management	NOUN
fbem-10902	124	12	system	system	NOUN
fbem-10902	124	13	,	,	PUNCT
fbem-10902	124	14	identify	identify	VERB
fbem-10902	124	15	their	their	PRON
fbem-10902	124	16	own	own	ADJ
fbem-10902	124	17	risk	risk	NOUN
fbem-10902	124	18	-	-	PUNCT
fbem-10902	124	19	taking	taking	NOUN
fbem-10902	124	20	,	,	PUNCT
fbem-10902	124	21	and	and	CCONJ
fbem-10902	124	22	create	create	VERB
fbem-10902	124	23	a	a	DET
fbem-10902	124	24	good	good	ADJ
fbem-10902	124	25	environment	environment	NOUN
fbem-10902	124	26	for	for	ADP
fbem-10902	124	27	the	the	DET
fbem-10902	124	28	incentive	incentive	NOUN
fbem-10902	124	29	effect	effect	NOUN
fbem-10902	124	30	and	and	CCONJ
fbem-10902	124	31	supervision	supervision	NOUN
fbem-10902	124	32	function	function	NOUN
fbem-10902	124	33	of	of	ADP
fbem-10902	124	34	directors	director	NOUN
fbem-10902	124	35	'	'	PART
fbem-10902	124	36	liability	liability	NOUN
fbem-10902	124	37	insurance	insurance	NOUN
fbem-10902	124	38	.	.	PUNCT
fbem-10902	125	1	acknowledgment	acknowledgment	NOUN
fbem-10902	125	2	we	we	PRON
fbem-10902	125	3	thank	thank	VERB
fbem-10902	125	4	anhui	anhui	PROPN
fbem-10902	125	5	university	university	PROPN
fbem-10902	125	6	of	of	ADP
fbem-10902	125	7	finance	finance	NOUN
fbem-10902	125	8	and	and	CCONJ
fbem-10902	125	9	economics	economic	NOUN
fbem-10902	125	10	.	.	PUNCT
fbem-10902	126	1	this	this	DET
fbem-10902	126	2	work	work	NOUN
fbem-10902	126	3	was	be	AUX
fbem-10902	126	4	supported	support	VERB
fbem-10902	126	5	in	in	ADP
fbem-10902	126	6	part	part	NOUN
fbem-10902	126	7	by	by	ADP
fbem-10902	126	8	a	a	DET
fbem-10902	126	9	grant	grant	NOUN
fbem-10902	126	10	from	from	ADP
fbem-10902	126	11	anhui	anhui	PROPN
fbem-10902	126	12	180	180	NUM
fbem-10902	126	13	university	university	NOUN
fbem-10902	126	14	of	of	ADP
fbem-10902	126	15	finance	finance	NOUN
fbem-10902	126	16	and	and	CCONJ
fbem-10902	126	17	economics	economic	NOUN
fbem-10902	126	18	postgraduate	postgraduate	PROPN
fbem-10902	126	19	research	research	NOUN
fbem-10902	126	20	innovation	innovation	NOUN
fbem-10902	126	21	fund	fund	NOUN
fbem-10902	126	22	project	project	NOUN
fbem-10902	126	23	(	(	PUNCT
fbem-10902	126	24	project	project	NOUN
fbem-10902	126	25	no	no	INTJ
fbem-10902	126	26	.	.	PUNCT
fbem-10902	126	27	:	:	PUNCT
fbem-10902	127	1	acyc2022011	acyc2022011	PROPN
fbem-10902	127	2	)	)	PUNCT
fbem-10902	127	3	.	.	PUNCT
fbem-10902	128	1	references	reference	NOUN
fbem-10902	128	2	[	[	X
fbem-10902	128	3	1	1	NUM
fbem-10902	128	4	]	]	PUNCT
fbem-10902	128	5	hu	hu	PROPN
fbem-10902	128	6	guoliu	guoliu	PROPN
fbem-10902	128	7	,	,	PUNCT
fbem-10902	128	8	hu	hu	PROPN
fbem-10902	128	9	jun	jun	PROPN
fbem-10902	128	10	.	.	PROPN
fbem-10902	129	1	directors	director	NOUN
fbem-10902	129	2	and	and	CCONJ
fbem-10902	129	3	officers	officer	NOUN
fbem-10902	129	4	liability	liability	NOUN
fbem-10902	129	5	insurance	insurance	NOUN
fbem-10902	129	6	and	and	CCONJ
fbem-10902	129	7	corporate	corporate	ADJ
fbem-10902	129	8	risk	risk	NOUN
fbem-10902	129	9	taking	taking	NOUN
fbem-10902	129	10	:	:	PUNCT
fbem-10902	129	11	theoretical	theoretical	ADJ
fbem-10902	129	12	paths	path	NOUN
fbem-10902	129	13	and	and	CCONJ
fbem-10902	129	14	empirical	empirical	ADJ
fbem-10902	129	15	evidence[j	evidence[j	NOUN
fbem-10902	129	16	]	]	PUNCT
fbem-10902	129	17	.	.	PUNCT
fbem-10902	130	1	accounting	accounting	NOUN
fbem-10902	130	2	research	research	NOUN
fbem-10902	130	3	,	,	PUNCT
fbem-10902	130	4	2017(05):40	2017(05):40	NUM
fbem-10902	130	5	-	-	SYM
fbem-10902	130	6	46	46	NUM
fbem-10902	130	7	.	.	PUNCT
fbem-10902	131	1	[	[	X
fbem-10902	131	2	2	2	X
fbem-10902	131	3	]	]	X
fbem-10902	131	4	wang	wang	PROPN
fbem-10902	131	5	x	x	PROPN
fbem-10902	131	6	,	,	PUNCT
fbem-10902	131	7	wang	wang	PROPN
fbem-10902	131	8	lan	lan	PROPN
fbem-10902	131	9	.	.	PUNCT
fbem-10902	132	1	the	the	DET
fbem-10902	132	2	large	large	ADJ
fbem-10902	132	3	shareholders	shareholder	NOUN
fbem-10902	132	4	who	who	PRON
fbem-10902	132	5	ca	can	AUX
fbem-10902	132	6	n't	not	PART
fbem-10902	132	7	be	be	AUX
fbem-10902	132	8	blamed	blame	VERB
fbem-10902	132	9	:	:	PUNCT
fbem-10902	132	10	a	a	DET
fbem-10902	132	11	new	new	ADJ
fbem-10902	132	12	explanation	explanation	NOUN
fbem-10902	132	13	of	of	ADP
fbem-10902	132	14	government	government	NOUN
fbem-10902	132	15	subsidies	subsidy	NOUN
fbem-10902	132	16	on	on	ADP
fbem-10902	132	17	the	the	DET
fbem-10902	132	18	lack	lack	NOUN
fbem-10902	132	19	of	of	ADP
fbem-10902	132	20	green	green	ADJ
fbem-10902	132	21	innovation	innovation	NOUN
fbem-10902	132	22	drive	drive	VERB
fbem-10902	132	23	under	under	ADP
fbem-10902	132	24	green	green	ADJ
fbem-10902	132	25	innovation	innovation	NOUN
fbem-10902	132	26	orientation[j	orientation[j	PROPN
fbem-10902	132	27	]	]	PUNCT
fbem-10902	132	28	.	.	PUNCT
fbem-10902	133	1	research	research	NOUN
fbem-10902	133	2	and	and	CCONJ
fbem-10902	133	3	development	development	NOUN
fbem-10902	133	4	management	management	NOUN
fbem-10902	133	5	,	,	PUNCT
fbem-10902	133	6	2020,32(02):24	2020,32(02):24	NOUN
fbem-10902	133	7	-	-	SYM
fbem-10902	133	8	36	36	NUM
fbem-10902	133	9	.	.	PUNCT
fbem-10902	134	1	[	[	X
fbem-10902	134	2	3	3	X
fbem-10902	134	3	]	]	X
fbem-10902	134	4	zhou	zhou	PROPN
fbem-10902	134	5	donghua	donghua	PROPN
fbem-10902	134	6	,	,	PUNCT
fbem-10902	134	7	luo	luo	PROPN
fbem-10902	134	8	shengzhe	shengzhe	NOUN
fbem-10902	134	9	,	,	PUNCT
fbem-10902	134	10	zhao	zhao	PROPN
fbem-10902	134	11	yujie	yujie	PROPN
fbem-10902	134	12	.	.	PUNCT
fbem-10902	135	1	directors	director	NOUN
fbem-10902	135	2	and	and	CCONJ
fbem-10902	135	3	officers	officer	NOUN
fbem-10902	135	4	liability	liability	NOUN
fbem-10902	135	5	insurance	insurance	NOUN
fbem-10902	135	6	and	and	CCONJ
fbem-10902	135	7	corporate	corporate	ADJ
fbem-10902	135	8	innovation[j	innovation[j	PROPN
fbem-10902	135	9	]	]	PUNCT
fbem-10902	135	10	.	.	PUNCT
fbem-10902	136	1	research	research	NOUN
fbem-10902	136	2	management	management	NOUN
fbem-10902	136	3	,	,	PUNCT
fbem-10902	136	4	2022,43(04):201	2022,43(04):201	NUM
fbem-10902	136	5	-	-	SYM
fbem-10902	136	6	208	208	NUM
fbem-10902	136	7	.	.	PUNCT
fbem-10902	137	1	[	[	X
fbem-10902	137	2	4	4	NUM
fbem-10902	137	3	]	]	X
fbem-10902	137	4	liou	liou	NOUN
fbem-10902	137	5	c	c	PROPN
fbem-10902	137	6	h	h	NOUN
fbem-10902	137	7	,	,	PUNCT
fbem-10902	137	8	liu	liu	PROPN
fbem-10902	137	9	j	j	PROPN
fbem-10902	137	10	l	l	PROPN
fbem-10902	137	11	,	,	PUNCT
fbem-10902	137	12	jian	jian	PROPN
fbem-10902	137	13	p	p	PROPN
fbem-10902	137	14	m	m	PROPN
fbem-10902	137	15	,	,	PUNCT
fbem-10902	137	16	et	et	PROPN
fbem-10902	137	17	al	al	PROPN
fbem-10902	137	18	.	.	PUNCT
fbem-10902	137	19	effects	effect	NOUN
fbem-10902	137	20	of	of	ADP
fbem-10902	137	21	director	director	NOUN
fbem-10902	137	22	and	and	CCONJ
fbem-10902	137	23	officer	officer	NOUN
fbem-10902	137	24	liability	liability	NOUN
fbem-10902	137	25	insurance	insurance	NOUN
fbem-10902	137	26	coverage	coverage	NOUN
fbem-10902	137	27	on	on	ADP
fbem-10902	137	28	information	information	NOUN
fbem-10902	137	29	disclosure	disclosure	NOUN
fbem-10902	137	30	quality	quality	NOUN
fbem-10902	137	31	and	and	CCONJ
fbem-10902	137	32	corporate	corporate	ADJ
fbem-10902	137	33	fraud[j	fraud[j	NOUN
fbem-10902	137	34	]	]	PUNCT
fbem-10902	137	35	.	.	PUNCT
fbem-10902	138	1	emerging	emerge	VERB
fbem-10902	138	2	markets	market	NOUN
fbem-10902	138	3	finance	finance	NOUN
fbem-10902	138	4	&	&	CCONJ
fbem-10902	138	5	trade	trade	NOUN
fbem-10902	138	6	,	,	PUNCT
fbem-10902	138	7	2017:1	2017:1	NUM
fbem-10902	138	8	-	-	SYM
fbem-10902	138	9	13	13	NUM
fbem-10902	138	10	.	.	PUNCT
fbem-10902	139	1	[	[	X
fbem-10902	139	2	5	5	NUM
fbem-10902	139	3	]	]	PUNCT
fbem-10902	139	4	xu	xu	NOUN
fbem-10902	140	1	r	r	PROPN
fbem-10902	140	2	,	,	PUNCT
fbem-10902	140	3	wang	wang	PROPN
fbem-10902	140	4	j.	j.	PROPN
fbem-10902	140	5	a	a	DET
fbem-10902	140	6	study	study	NOUN
fbem-10902	140	7	on	on	ADP
fbem-10902	140	8	the	the	DET
fbem-10902	140	9	interactive	interactive	ADJ
fbem-10902	140	10	impact	impact	NOUN
fbem-10902	140	11	of	of	ADP
fbem-10902	140	12	directors	director	NOUN
fbem-10902	140	13	'	'	PART
fbem-10902	140	14	liability	liability	NOUN
fbem-10902	140	15	insurance	insurance	NOUN
fbem-10902	140	16	and	and	CCONJ
fbem-10902	140	17	corporate	corporate	ADJ
fbem-10902	140	18	governance	governance	NOUN
fbem-10902	140	19	mechanismsevidence	mechanismsevidence	NOUN
fbem-10902	140	20	from	from	ADP
fbem-10902	140	21	chinese	chinese	PROPN
fbem-10902	140	22	a	a	PROPN
fbem-10902	140	23	-	-	PUNCT
fbem-10902	140	24	share	share	NOUN
fbem-10902	140	25	listed	list	VERB
fbem-10902	140	26	companies[j	companies[j	NOUN
fbem-10902	140	27	]	]	PUNCT
fbem-10902	140	28	.	.	PUNCT
fbem-10902	141	1	insurance	insurance	NOUN
fbem-10902	141	2	research	research	NOUN
fbem-10902	141	3	,	,	PUNCT
fbem-10902	141	4	2012(03):68	2012(03):68	NUM
fbem-10902	141	5	-	-	SYM
fbem-10902	141	6	78	78	NUM
fbem-10902	141	7	.	.	PUNCT
fbem-10902	142	1	[	[	X
fbem-10902	142	2	6	6	NUM
fbem-10902	142	3	]	]	X
fbem-10902	142	4	xiao	xiao	PROPN
fbem-10902	142	5	xiaohong	xiaohong	PROPN
fbem-10902	142	6	,	,	PUNCT
fbem-10902	142	7	pan	pan	PROPN
fbem-10902	142	8	yu	yu	PROPN
fbem-10902	142	9	.	.	PROPN
fbem-10902	142	10	directors	director	NOUN
fbem-10902	142	11	and	and	CCONJ
fbem-10902	142	12	officers	officer	NOUN
fbem-10902	142	13	liability	liability	NOUN
fbem-10902	142	14	insurance	insurance	NOUN
fbem-10902	142	15	and	and	CCONJ
fbem-10902	142	16	corporate	corporate	ADJ
fbem-10902	142	17	green	green	ADJ
fbem-10902	142	18	innovation	innovation	NOUN
fbem-10902	142	19	:	:	PUNCT
fbem-10902	142	20	incentive	incentive	NOUN
fbem-10902	142	21	tool	tool	NOUN
fbem-10902	142	22	or	or	CCONJ
fbem-10902	142	23	self	self	NOUN
fbem-10902	142	24	-	-	PUNCT
fbem-10902	142	25	interest[j	interest[j	NOUN
fbem-10902	142	26	]	]	PUNCT
fbem-10902	142	27	.	.	PUNCT
fbem-10902	143	1	science	science	NOUN
fbem-10902	143	2	and	and	CCONJ
fbem-10902	143	3	technology	technology	NOUN
fbem-10902	143	4	progress	progress	NOUN
fbem-10902	143	5	and	and	CCONJ
fbem-10902	143	6	countermeasures	countermeasure	NOUN
fbem-10902	143	7	,	,	PUNCT
fbem-10902	143	8	2022,39(13):94	2022,39(13):94	NUM
fbem-10902	143	9	-	-	SYM
fbem-10902	143	10	104	104	NUM
fbem-10902	143	11	.	.	PUNCT
fbem-10902	144	1	[	[	X
fbem-10902	144	2	7	7	NUM
fbem-10902	144	3	]	]	X
fbem-10902	144	4	core	core	NOUN
fbem-10902	144	5	,	,	PUNCT
fbem-10902	144	6	je	je	PROPN
fbem-10902	144	7	,	,	PUNCT
fbem-10902	144	8	john	john	PROPN
fbem-10902	144	9	,	,	PUNCT
fbem-10902	144	10	et	et	PROPN
fbem-10902	144	11	al	al	PROPN
fbem-10902	144	12	.	.	PUNCT
fbem-10902	145	1	the	the	DET
fbem-10902	145	2	directors	director	NOUN
fbem-10902	145	3	'	'	PART
fbem-10902	145	4	and	and	CCONJ
fbem-10902	145	5	officers	officer	NOUN
fbem-10902	145	6	'	'	PART
fbem-10902	145	7	insurance	insurance	NOUN
fbem-10902	145	8	premium	premium	NOUN
fbem-10902	145	9	:	:	PUNCT
fbem-10902	145	10	an	an	DET
fbem-10902	145	11	outside	outside	ADJ
fbem-10902	145	12	assessment	assessment	NOUN
fbem-10902	145	13	of	of	ADP
fbem-10902	145	14	the	the	DET
fbem-10902	145	15	quality	quality	NOUN
fbem-10902	145	16	of	of	ADP
fbem-10902	145	17	corporate	corporate	ADJ
fbem-10902	145	18	governance.[j	governance.[j	PROPN
fbem-10902	145	19	]	]	PUNCT
fbem-10902	145	20	.	.	PUNCT
fbem-10902	146	1	journal	journal	PROPN
fbem-10902	146	2	of	of	ADP
fbem-10902	146	3	law	law	NOUN
fbem-10902	146	4	,	,	PUNCT
fbem-10902	146	5	economics	economics	PROPN
fbem-10902	146	6	&	&	CCONJ
fbem-10902	146	7	organization	organization	PROPN
fbem-10902	146	8	,	,	PUNCT
fbem-10902	146	9	2000	2000	NUM
fbem-10902	146	10	.	.	PUNCT
fbem-10902	147	1	[	[	X
fbem-10902	147	2	8	8	NUM
fbem-10902	147	3	]	]	SYM
fbem-10902	147	4	hu	hu	PROPN
fbem-10902	147	5	,	,	PUNCT
fbem-10902	147	6	guoliu	guoliu	PROPN
fbem-10902	147	7	,	,	PUNCT
fbem-10902	147	8	zhao	zhao	PROPN
fbem-10902	147	9	,	,	PUNCT
fbem-10902	147	10	yang	yang	PROPN
fbem-10902	147	11	,	,	PUNCT
fbem-10902	147	12	and	and	CCONJ
fbem-10902	147	13	hu	hu	PROPN
fbem-10902	147	14	,	,	PUNCT
fbem-10902	147	15	jun	jun	PROPN
fbem-10902	147	16	.	.	PROPN
fbem-10902	147	17	d&o	d&o	PROPN
fbem-10902	147	18	insurance	insurance	NOUN
fbem-10902	147	19	,	,	PUNCT
fbem-10902	147	20	risk	risk	NOUN
fbem-10902	147	21	tolerance	tolerance	NOUN
fbem-10902	147	22	and	and	CCONJ
fbem-10902	147	23	corporate	corporate	ADJ
fbem-10902	147	24	autonomous	autonomous	ADJ
fbem-10902	147	25	innovation[j	innovation[j	PROPN
fbem-10902	147	26	]	]	PUNCT
fbem-10902	147	27	.	.	PUNCT
fbem-10902	148	1	management	management	NOUN
fbem-10902	148	2	world	world	NOUN
fbem-10902	148	3	,	,	PUNCT
fbem-10902	148	4	2019,35(08):121	2019,35(08):121	NUM
fbem-10902	148	5	-	-	SYM
fbem-10902	148	6	135	135	NUM
fbem-10902	148	7	.	.	PUNCT
fbem-10902	149	1	[	[	X
fbem-10902	149	2	9	9	NUM
fbem-10902	149	3	]	]	X
fbem-10902	149	4	guan	guan	PROPN
fbem-10902	149	5	xin	xin	PROPN
fbem-10902	149	6	,	,	PUNCT
fbem-10902	149	7	chai	chai	NOUN
fbem-10902	149	8	chenjie	chenjie	PROPN
fbem-10902	149	9	,	,	PUNCT
fbem-10902	149	10	gao	gao	PROPN
fbem-10902	149	11	bao	bao	PROPN
fbem-10902	149	12	.	.	PUNCT
fbem-10902	150	1	mechanisms	mechanism	NOUN
fbem-10902	150	2	of	of	ADP
fbem-10902	150	3	director	director	NOUN
fbem-10902	150	4	's	's	PART
fbem-10902	150	5	liability	liability	NOUN
fbem-10902	150	6	insurance	insurance	NOUN
fbem-10902	150	7	to	to	PART
fbem-10902	150	8	inhibit	inhibit	VERB
fbem-10902	150	9	corporate	corporate	ADJ
fbem-10902	150	10	inefficient	inefficient	ADJ
fbem-10902	150	11	investment	investment	NOUN
fbem-10902	150	12	-	-	PUNCT
fbem-10902	150	13	based	base	VERB
fbem-10902	150	14	on	on	ADP
fbem-10902	150	15	the	the	DET
fbem-10902	150	16	co	co	NOUN
fbem-10902	150	17	-	-	NOUN
fbem-10902	150	18	mediation	mediation	NOUN
fbem-10902	150	19	of	of	ADP
fbem-10902	150	20	monitoring	monitoring	NOUN
fbem-10902	150	21	and	and	CCONJ
fbem-10902	150	22	signaling	signal	VERB
fbem-10902	150	23	effects[j	effects[j	PROPN
fbem-10902	150	24	]	]	PUNCT
fbem-10902	150	25	.	.	PUNCT
fbem-10902	151	1	economic	economic	ADJ
fbem-10902	151	2	and	and	CCONJ
fbem-10902	151	3	management	management	NOUN
fbem-10902	151	4	research	research	NOUN
fbem-10902	151	5	,	,	PUNCT
fbem-10902	151	6	2021	2021	NUM
fbem-10902	151	7	,	,	PUNCT
fbem-10902	151	8	42	42	NUM
fbem-10902	151	9	(	(	PUNCT
fbem-10902	151	10	12	12	NUM
fbem-10902	151	11	):	):	PUNCT
fbem-10902	151	12	93	93	NUM
fbem-10902	151	13	-	-	SYM
fbem-10902	151	14	112	112	NUM
fbem-10902	151	15	.	.	PUNCT
fbem-10902	152	1	[	[	X
fbem-10902	152	2	10	10	NUM
fbem-10902	152	3	]	]	X
fbem-10902	152	4	a	a	DET
fbem-10902	152	5	r	r	NOUN
fbem-10902	152	6	y	y	PROPN
fbem-10902	152	7	,	,	PUNCT
fbem-10902	152	8	b	b	PROPN
fbem-10902	152	9	j	j	PROPN
fbem-10902	152	10	s	s	PROPN
fbem-10902	152	11	,	,	PUNCT
fbem-10902	152	12	c	c	PROPN
fbem-10902	152	13	f	f	PROPN
fbem-10902	152	14	c.	c.	PROPN
fbem-10902	152	15	directors	director	NOUN
fbem-10902	152	16	'	'	PART
fbem-10902	152	17	and	and	CCONJ
fbem-10902	152	18	officers	officer	NOUN
fbem-10902	152	19	'	'	PART
fbem-10902	152	20	liability	liability	NOUN
fbem-10902	152	21	insurance	insurance	NOUN
fbem-10902	152	22	and	and	CCONJ
fbem-10902	152	23	stock	stock	NOUN
fbem-10902	152	24	price	price	NOUN
fbem-10902	152	25	crash	crash	NOUN
fbem-10902	152	26	risk[j	risk[j	NOUN
fbem-10902	152	27	]	]	PUNCT
fbem-10902	152	28	.	.	PUNCT
fbem-10902	153	1	journal	journal	PROPN
fbem-10902	153	2	of	of	ADP
fbem-10902	153	3	corporate	corporate	ADJ
fbem-10902	153	4	finance	finance	NOUN
fbem-10902	153	5	,	,	PUNCT
fbem-10902	153	6	2016,37:173	2016,37:173	PROPN
fbem-10902	153	7	-	-	PUNCT
fbem-10902	153	8	192	192	NUM
fbem-10902	153	9	.	.	PUNCT
fbem-10902	154	1	[	[	X
fbem-10902	154	2	11	11	NUM
fbem-10902	154	3	]	]	X
fbem-10902	154	4	li	li	PROPN
fbem-10902	154	5	c	c	PROPN
fbem-10902	154	6	g	g	PROPN
fbem-10902	154	7	,	,	PUNCT
fbem-10902	154	8	xu	xu	PROPN
fbem-10902	154	9	r.	r.	PROPN
fbem-10902	154	10	insurance	insurance	PROPN
fbem-10902	154	11	governance	governance	NOUN
fbem-10902	154	12	and	and	CCONJ
fbem-10902	154	13	corporate	corporate	ADJ
fbem-10902	154	14	violationsa	violationsa	NOUN
fbem-10902	154	15	study	study	NOUN
fbem-10902	154	16	of	of	ADP
fbem-10902	154	17	the	the	DET
fbem-10902	154	18	governance	governance	NOUN
fbem-10902	154	19	effects	effect	NOUN
fbem-10902	154	20	of	of	ADP
fbem-10902	154	21	directors	director	NOUN
fbem-10902	154	22	'	'	PART
fbem-10902	154	23	and	and	CCONJ
fbem-10902	154	24	officers	officer	NOUN
fbem-10902	154	25	'	'	PART
fbem-10902	154	26	liability	liability	NOUN
fbem-10902	154	27	insurance[j	insurance[j	NOUN
fbem-10902	154	28	]	]	PUNCT
fbem-10902	154	29	.	.	PUNCT
fbem-10902	155	1	financial	financial	ADJ
fbem-10902	155	2	research	research	NOUN
fbem-10902	155	3	,	,	PUNCT
fbem-10902	155	4	2020(06):188	2020(06):188	NUM
fbem-10902	155	5	-	-	SYM
fbem-10902	155	6	206	206	NUM
fbem-10902	155	7	.	.	PUNCT
fbem-10902	156	1	[	[	X
fbem-10902	156	2	12	12	NUM
fbem-10902	156	3	]	]	PUNCT
fbem-10902	156	4	manu	manu	PROPN
fbem-10902	156	5	,	,	PUNCT
fbem-10902	156	6	gupta	gupta	PROPN
fbem-10902	156	7	,	,	PUNCT
fbem-10902	156	8	puneet	puneet	PROPN
fbem-10902	156	9	,	,	PUNCT
fbem-10902	156	10	et	et	PROPN
fbem-10902	156	11	al	al	PROPN
fbem-10902	156	12	.	.	PROPN
fbem-10902	156	13	information	information	NOUN
fbem-10902	156	14	embedded	embed	VERB
fbem-10902	156	15	in	in	ADP
fbem-10902	156	16	directors	director	NOUN
fbem-10902	156	17	and	and	CCONJ
fbem-10902	156	18	officers	officer	NOUN
fbem-10902	156	19	insurance	insurance	VERB
fbem-10902	156	20	purchases[j	purchases[j	PROPN
fbem-10902	156	21	]	]	PUNCT
fbem-10902	156	22	.	.	PUNCT
fbem-10902	157	1	geneva	geneva	PROPN
fbem-10902	157	2	papers	paper	NOUN
fbem-10902	157	3	on	on	ADP
fbem-10902	157	4	risk	risk	NOUN
fbem-10902	157	5	&	&	CCONJ
fbem-10902	157	6	insurance	insurance	NOUN
fbem-10902	157	7	issues	issue	NOUN
fbem-10902	157	8	&	&	CCONJ
fbem-10902	157	9	practice	practice	NOUN
fbem-10902	157	10	,	,	PUNCT
fbem-10902	157	11	2012	2012	NUM
fbem-10902	157	12	.	.	PUNCT
fbem-10902	158	1	[	[	X
fbem-10902	158	2	13	13	NUM
fbem-10902	158	3	]	]	X
fbem-10902	158	4	zhao	zhao	X
fbem-10902	158	5	,	,	PUNCT
fbem-10902	158	6	g.y	g.y	PROPN
fbem-10902	158	7	.	.	PROPN
fbem-10902	158	8	,	,	PUNCT
fbem-10902	158	9	liang	liang	PROPN
fbem-10902	158	10	,	,	PUNCT
fbem-10902	158	11	h.p	h.p	PROPN
fbem-10902	158	12	..	..	PROPN
fbem-10902	158	13	does	do	AUX
fbem-10902	158	14	directors	director	NOUN
fbem-10902	158	15	and	and	CCONJ
fbem-10902	158	16	officers	officer	NOUN
fbem-10902	158	17	liability	liability	NOUN
fbem-10902	158	18	insurance	insurance	NOUN
fbem-10902	158	19	promote	promote	NOUN
fbem-10902	158	20	firms	firm	NOUN
fbem-10902	158	21	'	'	PART
fbem-10902	158	22	innovation	innovation	NOUN
fbem-10902	158	23	based	base	VERB
fbem-10902	158	24	on	on	ADP
fbem-10902	158	25	the	the	DET
fbem-10902	158	26	perspective	perspective	NOUN
fbem-10902	158	27	of	of	ADP
fbem-10902	158	28	credit	credit	NOUN
fbem-10902	158	29	rent	rent	NOUN
fbem-10902	158	30	seeking	seek	VERB
fbem-10902	158	31	and	and	CCONJ
fbem-10902	158	32	financing	financing	NOUN
fbem-10902	158	33	constraints[j	constraints[j	PROPN
fbem-10902	158	34	]	]	PUNCT
fbem-10902	158	35	.	.	PUNCT
fbem-10902	159	1	foreign	foreign	ADJ
fbem-10902	159	2	economics	economic	NOUN
fbem-10902	159	3	and	and	CCONJ
fbem-10902	159	4	management	management	NOUN
fbem-10902	159	5	,	,	PUNCT
fbem-10902	159	6	2022,44(03):103	2022,44(03):103	NUM
fbem-10902	159	7	-	-	SYM
fbem-10902	159	8	117	117	NUM
fbem-10902	159	9	.	.	PUNCT
fbem-10902	160	1	[	[	X
fbem-10902	160	2	14	14	NUM
fbem-10902	160	3	]	]	X
fbem-10902	160	4	gao	gao	PROPN
fbem-10902	160	5	j	j	PROPN
fbem-10902	160	6	,	,	PUNCT
fbem-10902	160	7	bansal	bansal	NOUN
fbem-10902	160	8	p.	p.	PROPN
fbem-10902	160	9	instrumental	instrumental	ADJ
fbem-10902	160	10	and	and	CCONJ
fbem-10902	160	11	integrative	integrative	ADJ
fbem-10902	160	12	logics	logic	NOUN
fbem-10902	160	13	in	in	ADP
fbem-10902	160	14	business	business	NOUN
fbem-10902	160	15	sustainability[j	sustainability[j	PROPN
fbem-10902	160	16	]	]	PUNCT
fbem-10902	160	17	.	.	PUNCT
fbem-10902	161	1	journal	journal	PROPN
fbem-10902	161	2	of	of	ADP
fbem-10902	161	3	business	business	NOUN
fbem-10902	161	4	ethics	ethic	NOUN
fbem-10902	161	5	,	,	PUNCT
fbem-10902	161	6	2013,112(2):241	2013,112(2):241	PROPN
fbem-10902	161	7	-	-	SYM
fbem-10902	161	8	255	255	NUM
fbem-10902	161	9	.	.	PUNCT
fbem-10902	162	1	[	[	X
fbem-10902	162	2	15	15	NUM
fbem-10902	162	3	]	]	X
fbem-10902	162	4	wang	wang	PROPN
fbem-10902	162	5	jinghua	jinghua	PROPN
fbem-10902	162	6	,	,	PUNCT
fbem-10902	162	7	mao	mao	NOUN
fbem-10902	162	8	ning	ning	PROPN
fbem-10902	162	9	.	.	PUNCT
fbem-10902	162	10	review	review	NOUN
fbem-10902	162	11	and	and	CCONJ
fbem-10902	162	12	prospect	prospect	NOUN
fbem-10902	162	13	of	of	ADP
fbem-10902	162	14	research	research	NOUN
fbem-10902	162	15	on	on	ADP
fbem-10902	162	16	corporate	corporate	ADJ
fbem-10902	162	17	risk	risk	NOUN
fbem-10902	162	18	taking[j	taking[j	NOUN
fbem-10902	162	19	]	]	PUNCT
fbem-10902	162	20	.	.	PUNCT
fbem-10902	163	1	foreign	foreign	ADJ
fbem-10902	163	2	economy	economy	NOUN
fbem-10902	163	3	and	and	CCONJ
fbem-10902	163	4	management	management	NOUN
fbem-10902	163	5	,	,	PUNCT
fbem-10902	163	6	2015,37(12):44	2015,37(12):44	NOUN
fbem-10902	163	7	-	-	SYM
fbem-10902	163	8	58	58	NUM
fbem-10902	163	9	.	.	PUNCT
fbem-10902	164	1	[	[	X
fbem-10902	164	2	16	16	NUM
fbem-10902	164	3	]	]	X
fbem-10902	164	4	li	li	PROPN
fbem-10902	164	5	jian	jian	PROPN
fbem-10902	164	6	,	,	PUNCT
fbem-10902	164	7	cui	cui	PROPN
fbem-10902	164	8	xue	xue	PROPN
fbem-10902	164	9	,	,	PUNCT
fbem-10902	164	10	chen	chen	PROPN
fbem-10902	164	11	chuanming	chuanming	PROPN
fbem-10902	164	12	.	.	PUNCT
fbem-10902	165	1	goodwill	goodwill	NOUN
fbem-10902	165	2	,	,	PUNCT
fbem-10902	165	3	risk	risk	NOUN
fbem-10902	165	4	-	-	PUNCT
fbem-10902	165	5	taking	take	VERB
fbem-10902	165	6	level	level	NOUN
fbem-10902	165	7	and	and	CCONJ
fbem-10902	165	8	innovation	innovation	NOUN
fbem-10902	165	9	investment	investment	NOUN
fbem-10902	165	10	in	in	ADP
fbem-10902	165	11	m&a	m&a	PROPN
fbem-10902	165	12	of	of	ADP
fbem-10902	165	13	family	family	NOUN
fbem-10902	165	14	firms	firm	NOUN
fbem-10902	165	15	a	a	DET
fbem-10902	165	16	study	study	NOUN
fbem-10902	165	17	based	base	VERB
fbem-10902	165	18	on	on	ADP
fbem-10902	165	19	signaling	signal	VERB
fbem-10902	165	20	theory[j	theory[j	NOUN
fbem-10902	165	21	]	]	PUNCT
fbem-10902	165	22	.	.	PUNCT
fbem-10902	166	1	nankai	nankai	PROPN
fbem-10902	166	2	management	management	PROPN
fbem-10902	166	3	review	review	PROPN
fbem-10902	166	4	,	,	PUNCT
fbem-10902	166	5	2022,25(01):135	2022,25(01):135	PROPN
fbem-10902	166	6	-	-	SYM
fbem-10902	166	7	146	146	NUM
fbem-10902	166	8	.	.	PUNCT
fbem-10902	167	1	[	[	X
fbem-10902	167	2	17	17	NUM
fbem-10902	167	3	]	]	X
fbem-10902	167	4	wang	wang	PROPN
fbem-10902	167	5	zhenyu	zhenyu	PROPN
fbem-10902	167	6	,	,	PUNCT
fbem-10902	167	7	cao	cao	PROPN
fbem-10902	167	8	yu	yu	PROPN
fbem-10902	167	9	,	,	PUNCT
fbem-10902	167	10	lin	lin	PROPN
fbem-10902	167	11	shanlang	shanlang	PROPN
fbem-10902	167	12	.	.	PUNCT
fbem-10902	168	1	characteristics	characteristic	NOUN
fbem-10902	168	2	and	and	CCONJ
fbem-10902	168	3	heterogeneity	heterogeneity	NOUN
fbem-10902	168	4	of	of	ADP
fbem-10902	168	5	the	the	DET
fbem-10902	168	6	impact	impact	NOUN
fbem-10902	168	7	of	of	ADP
fbem-10902	168	8	environmental	environmental	ADJ
fbem-10902	168	9	regulations	regulation	NOUN
fbem-10902	168	10	on	on	ADP
fbem-10902	168	11	firms	firm	NOUN
fbem-10902	168	12	'	'	PART
fbem-10902	168	13	green	green	ADJ
fbem-10902	168	14	technological	technological	ADJ
fbem-10902	168	15	innovation	innovation	NOUN
fbem-10902	168	16	:	:	PUNCT
fbem-10902	168	17	based	base	VERB
fbem-10902	168	18	on	on	ADP
fbem-10902	168	19	green	green	PROPN
fbem-10902	168	20	patent	patent	NOUN
fbem-10902	168	21	data	datum	NOUN
fbem-10902	168	22	of	of	ADP
fbem-10902	168	23	chinese	chinese	ADJ
fbem-10902	168	24	listed	list	VERB
fbem-10902	168	25	companies[j	companies[j	PROPN
fbem-10902	168	26	]	]	PUNCT
fbem-10902	168	27	.	.	PUNCT
fbem-10902	169	1	science	science	NOUN
fbem-10902	169	2	research	research	PROPN
fbem-10902	169	3	,	,	PUNCT
fbem-10902	169	4	2021,39(05):909	2021,39(05):909	NUM
fbem-10902	169	5	-	-	SYM
fbem-10902	169	6	919	919	NUM
fbem-10902	169	7	.	.	PUNCT
fbem-10902	170	1	[	[	X
fbem-10902	170	2	18	18	NUM
fbem-10902	170	3	]	]	X
fbem-10902	170	4	wang	wang	PROPN
fbem-10902	170	5	xiaoqi	xiaoqi	PROPN
fbem-10902	170	6	,	,	PUNCT
fbem-10902	170	7	hao	hao	PROPN
fbem-10902	170	8	shuangguang	shuangguang	PROPN
fbem-10902	170	9	,	,	PUNCT
fbem-10902	170	10	zhang	zhang	PROPN
fbem-10902	170	11	junmin	junmin	PROPN
fbem-10902	170	12	.	.	PUNCT
fbem-10902	171	1	the	the	DET
fbem-10902	171	2	new	new	ADJ
fbem-10902	171	3	environmental	environmental	PROPN
fbem-10902	171	4	protection	protection	NOUN
fbem-10902	171	5	law	law	NOUN
fbem-10902	171	6	and	and	CCONJ
fbem-10902	171	7	corporate	corporate	ADJ
fbem-10902	171	8	green	green	ADJ
fbem-10902	171	9	innovation	innovation	NOUN
fbem-10902	171	10	:	:	PUNCT
fbem-10902	171	11	"	"	PUNCT
fbem-10902	171	12	push	push	VERB
fbem-10902	171	13	"	"	PUNCT
fbem-10902	171	14	or	or	CCONJ
fbem-10902	171	15	"	"	PUNCT
fbem-10902	171	16	squeeze	squeeze	NOUN
fbem-10902	171	17	"	"	PUNCT
fbem-10902	171	18	?	?	PUNCT
fbem-10902	172	1	[	[	X
fbem-10902	172	2	j	j	X
fbem-10902	172	3	]	]	X
fbem-10902	172	4	.	.	PUNCT
fbem-10902	173	1	china	china	PROPN
fbem-10902	173	2	populationresources	populationresource	NOUN
fbem-10902	173	3	and	and	CCONJ
fbem-10902	173	4	environment	environment	NOUN
fbem-10902	173	5	,	,	PUNCT
fbem-10902	173	6	2020,30(07):107	2020,30(07):107	PROPN
fbem-10902	173	7	-	-	SYM
fbem-10902	173	8	117	117	NUM
fbem-10902	173	9	.	.	PUNCT
fbem-10902	174	1	[	[	X
fbem-10902	174	2	19	19	NUM
fbem-10902	174	3	]	]	SYM
fbem-10902	174	4	hu	hu	PROPN
fbem-10902	174	5	guoliu	guoliu	PROPN
fbem-10902	174	6	,	,	PUNCT
fbem-10902	174	7	li	li	PROPN
fbem-10902	174	8	shaohua	shaohua	PROPN
fbem-10902	174	9	.	.	PUNCT
fbem-10902	175	1	can	can	AUX
fbem-10902	175	2	directors	director	NOUN
fbem-10902	175	3	'	'	PART
fbem-10902	175	4	liability	liability	NOUN
fbem-10902	175	5	insurance	insurance	NOUN
fbem-10902	175	6	improve	improve	VERB
fbem-10902	175	7	corporate	corporate	ADJ
fbem-10902	175	8	investment	investment	NOUN
fbem-10902	175	9	efficiency	efficiency	NOUN
fbem-10902	175	10	?	?	PUNCT
fbem-10902	176	1	--based	--base	VERB
fbem-10902	176	2	on	on	ADP
fbem-10902	176	3	empirical	empirical	ADJ
fbem-10902	176	4	evidence	evidence	NOUN
fbem-10902	176	5	from	from	ADP
fbem-10902	176	6	chinese	chinese	ADJ
fbem-10902	176	7	a	a	PROPN
fbem-10902	176	8	-	-	PUNCT
fbem-10902	176	9	share	share	NOUN
fbem-10902	176	10	listed	list	VERB
fbem-10902	176	11	companies[j	companies[j	NOUN
fbem-10902	176	12	]	]	PUNCT
fbem-10902	176	13	.	.	PUNCT
fbem-10902	177	1	journal	journal	PROPN
fbem-10902	177	2	of	of	ADP
fbem-10902	177	3	hunan	hunan	PROPN
fbem-10902	177	4	university	university	PROPN
fbem-10902	177	5	(	(	PUNCT
fbem-10902	177	6	social	social	ADJ
fbem-10902	177	7	science	science	NOUN
fbem-10902	177	8	edition	edition	PROPN
fbem-10902	177	9	)	)	PUNCT
fbem-10902	177	10	,	,	PUNCT
fbem-10902	177	11	2014,28(02):41	2014,28(02):41	NUM
fbem-10902	177	12	-	-	SYM
fbem-10902	177	13	46	46	NUM
fbem-10902	177	14	.	.	PUNCT
fbem-10902	178	1	[	[	X
fbem-10902	178	2	20	20	NUM
fbem-10902	178	3	]	]	PUNCT
fbem-10902	178	4	yu	yu	PROPN
fbem-10902	178	5	minggui	minggui	PROPN
fbem-10902	178	6	,	,	PUNCT
fbem-10902	178	7	li	li	PROPN
fbem-10902	178	8	wengui	wengui	PROPN
fbem-10902	178	9	,	,	PUNCT
fbem-10902	178	10	pan	pan	NOUN
fbem-10902	178	11	hongbo	hongbo	PROPN
fbem-10902	178	12	.	.	PUNCT
fbem-10902	179	1	privatization	privatization	NOUN
fbem-10902	179	2	,	,	PUNCT
fbem-10902	179	3	property	property	NOUN
fbem-10902	179	4	rights	right	NOUN
fbem-10902	179	5	protection	protection	NOUN
fbem-10902	179	6	and	and	CCONJ
fbem-10902	179	7	corporate	corporate	ADJ
fbem-10902	179	8	risk	risk	NOUN
fbem-10902	179	9	-	-	PUNCT
fbem-10902	179	10	taking[j	taking[j	NOUN
fbem-10902	179	11	]	]	PUNCT
fbem-10902	179	12	.	.	PUNCT
fbem-10902	180	1	economic	economic	ADJ
fbem-10902	180	2	research	research	NOUN
fbem-10902	180	3	,	,	PUNCT
fbem-10902	180	4	2013,48(09):112	2013,48(09):112	PROPN
fbem-10902	180	5	-	-	SYM
fbem-10902	180	6	124	124	NUM
fbem-10902	180	7	.	.	PUNCT
fbem-10902	181	1	[	[	X
fbem-10902	181	2	21	21	NUM
fbem-10902	181	3	]	]	X
fbem-10902	181	4	lai	lai	PROPN
fbem-10902	181	5	li	li	PROPN
fbem-10902	181	6	,	,	PUNCT
fbem-10902	181	7	tang	tang	PROPN
fbem-10902	181	8	yunxi	yunxi	PROPN
fbem-10902	181	9	,	,	PUNCT
fbem-10902	181	10	xia	xia	PROPN
fbem-10902	181	11	xiaolan	xiaolan	PROPN
fbem-10902	181	12	,	,	PUNCT
fbem-10902	181	13	et	et	PROPN
fbem-10902	181	14	al	al	PROPN
fbem-10902	181	15	.	.	PROPN
fbem-10902	181	16	does	do	AUX
fbem-10902	181	17	directors	director	NOUN
fbem-10902	181	18	and	and	CCONJ
fbem-10902	181	19	officers	officer	NOUN
fbem-10902	181	20	liability	liability	NOUN
fbem-10902	181	21	insurance	insurance	NOUN
fbem-10902	181	22	reduce	reduce	VERB
fbem-10902	181	23	corporate	corporate	ADJ
fbem-10902	181	24	risk	risk	NOUN
fbem-10902	181	25	?	?	PUNCT
fbem-10902	182	1	--based	--base	VERB
fbem-10902	182	2	on	on	ADP
fbem-10902	182	3	the	the	DET
fbem-10902	182	4	perspectives	perspective	NOUN
fbem-10902	182	5	of	of	ADP
fbem-10902	182	6	short	short	ADJ
fbem-10902	182	7	-	-	PUNCT
fbem-10902	182	8	term	term	NOUN
fbem-10902	182	9	lending	lending	NOUN
fbem-10902	182	10	and	and	CCONJ
fbem-10902	182	11	credit	credit	NOUN
fbem-10902	182	12	access[j	access[j	PROPN
fbem-10902	182	13	]	]	PUNCT
fbem-10902	182	14	.	.	PUNCT
fbem-10902	183	1	management	management	NOUN
fbem-10902	183	2	world	world	NOUN
fbem-10902	183	3	,	,	PUNCT
fbem-10902	183	4	2019,35(10):160	2019,35(10):160	NUM
fbem-10902	183	5	-	-	SYM
fbem-10902	183	6	171	171	NUM
fbem-10902	183	7	.	.	PUNCT
fbem-10902	184	1	[	[	X
fbem-10902	184	2	22	22	NUM
fbem-10902	184	3	]	]	X
fbem-10902	184	4	li	li	PROPN
fbem-10902	184	5	conggang	conggang	PROPN
fbem-10902	184	6	,	,	PUNCT
fbem-10902	184	7	xu	xu	PROPN
fbem-10902	184	8	rong	rong	PROPN
fbem-10902	184	9	.	.	PUNCT
fbem-10902	185	1	directors	director	NOUN
fbem-10902	185	2	and	and	CCONJ
fbem-10902	185	3	officers	officer	NOUN
fbem-10902	185	4	liability	liability	NOUN
fbem-10902	185	5	insurance	insurance	NOUN
fbem-10902	185	6	,	,	PUNCT
fbem-10902	185	7	corporate	corporate	ADJ
fbem-10902	185	8	governance	governance	NOUN
fbem-10902	185	9	and	and	CCONJ
fbem-10902	185	10	corporate	corporate	ADJ
fbem-10902	185	11	innovation	innovation	NOUN
fbem-10902	185	12	empirical	empirical	ADJ
fbem-10902	185	13	evidence	evidence	NOUN
fbem-10902	185	14	based	base	VERB
fbem-10902	185	15	on	on	ADP
fbem-10902	185	16	a	a	DET
fbem-10902	185	17	-	-	PUNCT
fbem-10902	185	18	share	share	NOUN
fbem-10902	185	19	listed	list	VERB
fbem-10902	185	20	companies[j	companies[j	NOUN
fbem-10902	185	21	]	]	PUNCT
fbem-10902	185	22	.	.	PUNCT
fbem-10902	186	1	financial	financial	ADJ
fbem-10902	186	2	regulation	regulation	NOUN
fbem-10902	186	3	research	research	NOUN
fbem-10902	186	4	,	,	PUNCT
fbem-10902	186	5	2019(06):85	2019(06):85	NUM
fbem-10902	186	6	-	-	SYM
fbem-10902	186	7	102	102	NUM
fbem-10902	186	8	.	.	PUNCT