id	sid	tid	token	lemma	pos
fbem-11825	1	1	frontiers	frontier	NOUN
fbem-11825	1	2	in	in	ADP
fbem-11825	1	3	business	business	NOUN
fbem-11825	1	4	,	,	PUNCT
fbem-11825	1	5	economics	economic	NOUN
fbem-11825	1	6	and	and	CCONJ
fbem-11825	1	7	management	management	NOUN
fbem-11825	1	8	issn	issn	PROPN
fbem-11825	1	9	:	:	PUNCT
fbem-11825	1	10	2766	2766	NUM
fbem-11825	1	11	-	-	PUNCT
fbem-11825	1	12	824x	824x	NUM
fbem-11825	1	13	|	|	ADJ
fbem-11825	1	14	vol	vol	NOUN
fbem-11825	1	15	.	.	PUNCT
fbem-11825	2	1	11	11	NUM
fbem-11825	2	2	,	,	PUNCT
fbem-11825	2	3	no	no	INTJ
fbem-11825	2	4	.	.	NOUN
fbem-11825	2	5	1	1	NUM
fbem-11825	2	6	,	,	PUNCT
fbem-11825	2	7	2023	2023	NUM
fbem-11825	2	8	117	117	NUM
fbem-11825	2	9	the	the	DET
fbem-11825	2	10	impact	impact	NOUN
fbem-11825	2	11	of	of	ADP
fbem-11825	2	12	digital	digital	ADJ
fbem-11825	2	13	transformation	transformation	NOUN
fbem-11825	2	14	on	on	ADP
fbem-11825	2	15	manufacturing	manufacturing	NOUN
fbem-11825	2	16	firm	firm	ADJ
fbem-11825	2	17	performance	performance	NOUN
fbem-11825	2	18	xiaoxiao	xiaoxiao	PROPN
fbem-11825	2	19	yu1	yu1	PROPN
fbem-11825	2	20	,	,	PUNCT
fbem-11825	2	21	a	a	DET
fbem-11825	2	22	1solbridge	1solbridge	NUM
fbem-11825	2	23	international	international	ADJ
fbem-11825	2	24	school	school	NOUN
fbem-11825	2	25	of	of	ADP
fbem-11825	2	26	business	business	NOUN
fbem-11825	2	27	,	,	PUNCT
fbem-11825	2	28	daejeon	daejeon	NOUN
fbem-11825	2	29	,	,	PUNCT
fbem-11825	2	30	woosong	woosong	PROPN
fbem-11825	2	31	university	university	PROPN
fbem-11825	2	32	,	,	PUNCT
fbem-11825	2	33	daejeon	daejeon	NOUN
fbem-11825	2	34	,	,	PUNCT
fbem-11825	2	35	300	300	NUM
fbem-11825	2	36	-	-	SYM
fbem-11825	2	37	718	718	NUM
fbem-11825	2	38	,	,	PUNCT
fbem-11825	2	39	south	south	PROPN
fbem-11825	2	40	korea	korea	PROPN
fbem-11825	2	41	axyu012616@gmail.com	axyu012616@gmail.com	PUNCT
fbem-11825	3	1	abstract	abstract	PROPN
fbem-11825	3	2	:	:	PUNCT
fbem-11825	3	3	the	the	DET
fbem-11825	3	4	manufacturing	manufacturing	NOUN
fbem-11825	3	5	industry	industry	NOUN
fbem-11825	3	6	has	have	AUX
fbem-11825	3	7	undergone	undergo	VERB
fbem-11825	3	8	significant	significant	ADJ
fbem-11825	3	9	changes	change	NOUN
fbem-11825	3	10	with	with	ADP
fbem-11825	3	11	digital	digital	ADJ
fbem-11825	3	12	technology	technology	NOUN
fbem-11825	3	13	evolving	evolve	VERB
fbem-11825	3	14	faster	fast	ADV
fbem-11825	3	15	and	and	CCONJ
fbem-11825	3	16	faster	fast	ADV
fbem-11825	3	17	,	,	PUNCT
fbem-11825	3	18	and	and	CCONJ
fbem-11825	3	19	the	the	DET
fbem-11825	3	20	integration	integration	NOUN
fbem-11825	3	21	of	of	ADP
fbem-11825	3	22	digital	digital	ADJ
fbem-11825	3	23	solutions	solution	NOUN
fbem-11825	3	24	to	to	PART
fbem-11825	3	25	improve	improve	VERB
fbem-11825	3	26	enterprise	enterprise	NOUN
fbem-11825	3	27	performance	performance	NOUN
fbem-11825	3	28	.	.	PUNCT
fbem-11825	4	1	based	base	VERB
fbem-11825	4	2	on	on	ADP
fbem-11825	4	3	the	the	DET
fbem-11825	4	4	theoretical	theoretical	ADJ
fbem-11825	4	5	literature	literature	NOUN
fbem-11825	4	6	,	,	PUNCT
fbem-11825	4	7	the	the	DET
fbem-11825	4	8	theoretical	theoretical	ADJ
fbem-11825	4	9	model	model	NOUN
fbem-11825	4	10	of	of	ADP
fbem-11825	4	11	the	the	DET
fbem-11825	4	12	role	role	NOUN
fbem-11825	4	13	mechanism	mechanism	NOUN
fbem-11825	4	14	of	of	ADP
fbem-11825	4	15	"	"	PUNCT
fbem-11825	4	16	the	the	DET
fbem-11825	4	17	degree	degree	NOUN
fbem-11825	4	18	of	of	ADP
fbem-11825	4	19	digital	digital	ADJ
fbem-11825	4	20	transformation	transformation	NOUN
fbem-11825	4	21	the	the	DET
fbem-11825	4	22	level	level	NOUN
fbem-11825	4	23	of	of	ADP
fbem-11825	4	24	manufacturing	manufacturing	NOUN
fbem-11825	4	25	services	service	NOUN
fbem-11825	4	26	enterprise	enterprise	NOUN
fbem-11825	4	27	performance	performance	NOUN
fbem-11825	4	28	"	"	PUNCT
fbem-11825	4	29	is	be	AUX
fbem-11825	4	30	constructed	construct	VERB
fbem-11825	4	31	by	by	ADP
fbem-11825	4	32	this	this	DET
fbem-11825	4	33	paper	paper	NOUN
fbem-11825	4	34	.	.	PUNCT
fbem-11825	5	1	the	the	DET
fbem-11825	5	2	study	study	NOUN
fbem-11825	5	3	also	also	ADV
fbem-11825	5	4	verifies	verify	VERB
fbem-11825	5	5	the	the	DET
fbem-11825	5	6	impact	impact	NOUN
fbem-11825	5	7	of	of	ADP
fbem-11825	5	8	digital	digital	ADJ
fbem-11825	5	9	transformation	transformation	NOUN
fbem-11825	5	10	on	on	ADP
fbem-11825	5	11	the	the	DET
fbem-11825	5	12	performance	performance	NOUN
fbem-11825	5	13	of	of	ADP
fbem-11825	5	14	manufacturing	manufacturing	NOUN
fbem-11825	5	15	enterprises	enterprise	NOUN
fbem-11825	5	16	in	in	ADP
fbem-11825	5	17	china	china	PROPN
fbem-11825	5	18	and	and	CCONJ
fbem-11825	5	19	the	the	DET
fbem-11825	5	20	mediating	mediate	VERB
fbem-11825	5	21	role	role	NOUN
fbem-11825	5	22	played	play	VERB
fbem-11825	5	23	by	by	ADP
fbem-11825	5	24	the	the	DET
fbem-11825	5	25	level	level	NOUN
fbem-11825	5	26	of	of	ADP
fbem-11825	5	27	servitization	servitization	NOUN
fbem-11825	5	28	.	.	PUNCT
fbem-11825	6	1	the	the	DET
fbem-11825	6	2	results	result	NOUN
fbem-11825	6	3	of	of	ADP
fbem-11825	6	4	this	this	DET
fbem-11825	6	5	study	study	NOUN
fbem-11825	6	6	are	be	AUX
fbem-11825	6	7	of	of	ADP
fbem-11825	6	8	great	great	ADJ
fbem-11825	6	9	significance	significance	NOUN
fbem-11825	6	10	to	to	ADP
fbem-11825	6	11	policy	policy	NOUN
fbem-11825	6	12	makers	maker	NOUN
fbem-11825	6	13	and	and	CCONJ
fbem-11825	6	14	manufacturing	manufacturing	NOUN
fbem-11825	6	15	companies	company	NOUN
fbem-11825	6	16	seeking	seek	VERB
fbem-11825	6	17	to	to	PART
fbem-11825	6	18	improve	improve	VERB
fbem-11825	6	19	their	their	PRON
fbem-11825	6	20	performance	performance	NOUN
fbem-11825	6	21	through	through	ADP
fbem-11825	6	22	digital	digital	ADJ
fbem-11825	6	23	transformation	transformation	NOUN
fbem-11825	6	24	and	and	CCONJ
fbem-11825	6	25	servitization	servitization	NOUN
fbem-11825	6	26	strategies	strategy	NOUN
fbem-11825	6	27	.	.	PUNCT
fbem-11825	7	1	keywords	keyword	NOUN
fbem-11825	7	2	:	:	PUNCT
fbem-11825	7	3	enterprise	enterprise	NOUN
fbem-11825	7	4	performance	performance	NOUN
fbem-11825	7	5	,	,	PUNCT
fbem-11825	7	6	digital	digital	ADJ
fbem-11825	7	7	transformation	transformation	NOUN
fbem-11825	7	8	,	,	PUNCT
fbem-11825	7	9	service	service	NOUN
fbem-11825	7	10	level	level	NOUN
fbem-11825	7	11	,	,	PUNCT
fbem-11825	7	12	fixed	fix	VERB
fbem-11825	7	13	effects	effect	NOUN
fbem-11825	7	14	model	model	NOUN
fbem-11825	7	15	.	.	PUNCT
fbem-11825	8	1	1	1	X
fbem-11825	8	2	.	.	X
fbem-11825	8	3	introduction	introduction	NOUN
fbem-11825	8	4	with	with	ADP
fbem-11825	8	5	the	the	DET
fbem-11825	8	6	development	development	NOUN
fbem-11825	8	7	of	of	ADP
fbem-11825	8	8	the	the	DET
fbem-11825	8	9	intelligent	intelligent	ADJ
fbem-11825	8	10	age	age	NOUN
fbem-11825	8	11	,	,	PUNCT
fbem-11825	8	12	digitalization	digitalization	NOUN
fbem-11825	8	13	,	,	PUNCT
fbem-11825	8	14	intelligence	intelligence	NOUN
fbem-11825	8	15	,	,	PUNCT
fbem-11825	8	16	service	service	NOUN
fbem-11825	8	17	and	and	CCONJ
fbem-11825	8	18	greening	greening	NOUN
fbem-11825	8	19	are	be	AUX
fbem-11825	8	20	the	the	DET
fbem-11825	8	21	main	main	ADJ
fbem-11825	8	22	features	feature	NOUN
fbem-11825	8	23	of	of	ADP
fbem-11825	8	24	the	the	DET
fbem-11825	8	25	new	new	ADJ
fbem-11825	8	26	round	round	NOUN
fbem-11825	8	27	of	of	ADP
fbem-11825	8	28	scientific	scientific	ADJ
fbem-11825	8	29	and	and	CCONJ
fbem-11825	8	30	technological	technological	ADJ
fbem-11825	8	31	revolution	revolution	NOUN
fbem-11825	8	32	and	and	CCONJ
fbem-11825	8	33	the	the	DET
fbem-11825	8	34	focus	focus	NOUN
fbem-11825	8	35	of	of	ADP
fbem-11825	8	36	the	the	DET
fbem-11825	8	37	new	new	ADJ
fbem-11825	8	38	generation	generation	NOUN
fbem-11825	8	39	of	of	ADP
fbem-11825	8	40	information	information	NOUN
fbem-11825	8	41	technology	technology	NOUN
fbem-11825	8	42	,	,	PUNCT
fbem-11825	8	43	the	the	DET
fbem-11825	8	44	party	party	NOUN
fbem-11825	8	45	's	's	PART
fbem-11825	8	46	19th	19th	ADJ
fbem-11825	8	47	national	national	PROPN
fbem-11825	8	48	congress	congress	PROPN
fbem-11825	8	49	report	report	NOUN
fbem-11825	8	50	clearly	clearly	ADV
fbem-11825	8	51	puts	put	VERB
fbem-11825	8	52	forward	forward	ADV
fbem-11825	8	53	"	"	PUNCT
fbem-11825	8	54	to	to	PART
fbem-11825	8	55	strengthen	strengthen	VERB
fbem-11825	8	56	the	the	DET
fbem-11825	8	57	internet	internet	NOUN
fbem-11825	8	58	,	,	PUNCT
fbem-11825	8	59	big	big	ADJ
fbem-11825	8	60	data	datum	NOUN
fbem-11825	8	61	and	and	CCONJ
fbem-11825	8	62	artificial	artificial	ADJ
fbem-11825	8	63	intelligence	intelligence	NOUN
fbem-11825	8	64	and	and	CCONJ
fbem-11825	8	65	the	the	DET
fbem-11825	8	66	entity	entity	NOUN
fbem-11825	8	67	of	of	ADP
fbem-11825	8	68	the	the	DET
fbem-11825	8	69	high	high	ADJ
fbem-11825	8	70	degree	degree	NOUN
fbem-11825	8	71	of	of	ADP
fbem-11825	8	72	integration	integration	NOUN
fbem-11825	8	73	of	of	ADP
fbem-11825	8	74	the	the	DET
fbem-11825	8	75	economy	economy	NOUN
fbem-11825	8	76	,	,	PUNCT
fbem-11825	8	77	and	and	CCONJ
fbem-11825	8	78	promote	promote	VERB
fbem-11825	8	79	china	china	PROPN
fbem-11825	8	80	's	's	PART
fbem-11825	8	81	industry	industry	NOUN
fbem-11825	8	82	to	to	ADP
fbem-11825	8	83	the	the	DET
fbem-11825	8	84	high	high	ADJ
fbem-11825	8	85	-	-	PUNCT
fbem-11825	8	86	end	end	NOUN
fbem-11825	8	87	of	of	ADP
fbem-11825	8	88	the	the	DET
fbem-11825	8	89	global	global	ADJ
fbem-11825	8	90	value	value	NOUN
fbem-11825	8	91	chain	chain	NOUN
fbem-11825	8	92	"	"	PUNCT
fbem-11825	8	93	.	.	PUNCT
fbem-11825	9	1	the	the	DET
fbem-11825	9	2	digital	digital	ADJ
fbem-11825	9	3	transformation	transformation	NOUN
fbem-11825	9	4	of	of	ADP
fbem-11825	9	5	businesses	business	NOUN
fbem-11825	9	6	has	have	AUX
fbem-11825	9	7	become	become	VERB
fbem-11825	9	8	a	a	DET
fbem-11825	9	9	major	major	ADJ
fbem-11825	9	10	trend	trend	NOUN
fbem-11825	9	11	and	and	CCONJ
fbem-11825	9	12	an	an	DET
fbem-11825	9	13	important	important	ADJ
fbem-11825	9	14	step	step	NOUN
fbem-11825	9	15	towards	towards	ADP
fbem-11825	9	16	building	build	VERB
fbem-11825	9	17	a	a	DET
fbem-11825	9	18	strong	strong	ADJ
fbem-11825	9	19	digital	digital	ADJ
fbem-11825	9	20	nation	nation	NOUN
fbem-11825	9	21	in	in	ADP
fbem-11825	9	22	china	china	PROPN
fbem-11825	9	23	.	.	PUNCT
fbem-11825	10	1	manufacturing	manufacturing	NOUN
fbem-11825	10	2	is	be	AUX
fbem-11825	10	3	the	the	DET
fbem-11825	10	4	foundation	foundation	NOUN
fbem-11825	10	5	of	of	ADP
fbem-11825	10	6	a	a	DET
fbem-11825	10	7	country	country	NOUN
fbem-11825	10	8	's	's	PART
fbem-11825	10	9	development	development	NOUN
fbem-11825	10	10	and	and	CCONJ
fbem-11825	10	11	a	a	DET
fbem-11825	10	12	key	key	ADJ
fbem-11825	10	13	force	force	NOUN
fbem-11825	10	14	in	in	ADP
fbem-11825	10	15	its	its	PRON
fbem-11825	10	16	economic	economic	ADJ
fbem-11825	10	17	development	development	NOUN
fbem-11825	10	18	.	.	PUNCT
fbem-11825	11	1	however	however	ADV
fbem-11825	11	2	,	,	PUNCT
fbem-11825	11	3	many	many	ADJ
fbem-11825	11	4	chinese	chinese	ADJ
fbem-11825	11	5	enterprises	enterprise	NOUN
fbem-11825	11	6	face	face	VERB
fbem-11825	11	7	challenges	challenge	NOUN
fbem-11825	11	8	in	in	ADP
fbem-11825	11	9	achieving	achieve	VERB
fbem-11825	11	10	practical	practical	ADJ
fbem-11825	11	11	results	result	NOUN
fbem-11825	11	12	in	in	ADP
fbem-11825	11	13	their	their	PRON
fbem-11825	11	14	digital	digital	ADJ
fbem-11825	11	15	transformation	transformation	NOUN
fbem-11825	11	16	.	.	PUNCT
fbem-11825	12	1	understanding	understand	VERB
fbem-11825	12	2	how	how	SCONJ
fbem-11825	12	3	digital	digital	ADJ
fbem-11825	12	4	transformation	transformation	NOUN
fbem-11825	12	5	can	can	AUX
fbem-11825	12	6	improve	improve	VERB
fbem-11825	12	7	business	business	NOUN
fbem-11825	12	8	performance	performance	NOUN
fbem-11825	12	9	and	and	CCONJ
fbem-11825	12	10	learning	learn	VERB
fbem-11825	12	11	from	from	ADP
fbem-11825	12	12	successful	successful	ADJ
fbem-11825	12	13	transformation	transformation	NOUN
fbem-11825	12	14	experiences	experience	NOUN
fbem-11825	12	15	are	be	AUX
fbem-11825	12	16	now	now	ADV
fbem-11825	12	17	important	important	ADJ
fbem-11825	12	18	topics	topic	NOUN
fbem-11825	12	19	in	in	ADP
fbem-11825	12	20	academia	academia	NOUN
fbem-11825	12	21	and	and	CCONJ
fbem-11825	12	22	industry	industry	NOUN
fbem-11825	12	23	.	.	PUNCT
fbem-11825	13	1	with	with	ADP
fbem-11825	13	2	the	the	DET
fbem-11825	13	3	above	above	ADJ
fbem-11825	13	4	background	background	NOUN
fbem-11825	13	5	,	,	PUNCT
fbem-11825	13	6	this	this	DET
fbem-11825	13	7	paper	paper	NOUN
fbem-11825	13	8	will	will	AUX
fbem-11825	13	9	take	take	VERB
fbem-11825	13	10	the	the	DET
fbem-11825	13	11	relevant	relevant	ADJ
fbem-11825	13	12	data	datum	NOUN
fbem-11825	13	13	of	of	ADP
fbem-11825	13	14	manufacturing	manufacturing	NOUN
fbem-11825	13	15	enterprises	enterprise	NOUN
fbem-11825	13	16	in	in	ADP
fbem-11825	13	17	china	china	PROPN
fbem-11825	13	18	's	's	PART
fbem-11825	13	19	shanghai	shanghai	PROPN
fbem-11825	13	20	and	and	CCONJ
fbem-11825	13	21	shenzhen	shenzhen	PROPN
fbem-11825	13	22	cities	city	NOUN
fbem-11825	13	23	from	from	ADP
fbem-11825	13	24	2018	2018	NUM
fbem-11825	13	25	to	to	ADP
fbem-11825	13	26	2022	2022	NUM
fbem-11825	13	27	as	as	ADP
fbem-11825	13	28	the	the	DET
fbem-11825	13	29	research	research	NOUN
fbem-11825	13	30	object	object	NOUN
fbem-11825	13	31	and	and	CCONJ
fbem-11825	13	32	construct	construct	VERB
fbem-11825	13	33	a	a	DET
fbem-11825	13	34	multiple	multiple	ADJ
fbem-11825	13	35	linear	linear	ADJ
fbem-11825	13	36	regression	regression	NOUN
fbem-11825	13	37	model	model	NOUN
fbem-11825	13	38	,	,	PUNCT
fbem-11825	13	39	so	so	SCONJ
fbem-11825	13	40	as	as	SCONJ
fbem-11825	13	41	to	to	PART
fbem-11825	13	42	analyze	analyze	VERB
fbem-11825	13	43	the	the	DET
fbem-11825	13	44	effect	effect	NOUN
fbem-11825	13	45	of	of	ADP
fbem-11825	13	46	digital	digital	ADJ
fbem-11825	13	47	transformation	transformation	NOUN
fbem-11825	13	48	on	on	ADP
fbem-11825	13	49	the	the	DET
fbem-11825	13	50	performance	performance	NOUN
fbem-11825	13	51	of	of	ADP
fbem-11825	13	52	china	china	PROPN
fbem-11825	13	53	's	's	PART
fbem-11825	13	54	manufacturing	manufacturing	NOUN
fbem-11825	13	55	enterprises	enterprise	NOUN
fbem-11825	13	56	,	,	PUNCT
fbem-11825	13	57	as	as	ADV
fbem-11825	13	58	well	well	ADV
fbem-11825	13	59	as	as	ADP
fbem-11825	13	60	to	to	PART
fbem-11825	13	61	verify	verify	VERB
fbem-11825	13	62	whether	whether	SCONJ
fbem-11825	13	63	the	the	DET
fbem-11825	13	64	servitization	servitization	NOUN
fbem-11825	13	65	level	level	NOUN
fbem-11825	13	66	plays	play	VERB
fbem-11825	13	67	a	a	DET
fbem-11825	13	68	mediating	mediate	VERB
fbem-11825	13	69	role	role	NOUN
fbem-11825	13	70	between	between	ADP
fbem-11825	13	71	the	the	DET
fbem-11825	13	72	degree	degree	NOUN
fbem-11825	13	73	of	of	ADP
fbem-11825	13	74	enterprise	enterprise	NOUN
fbem-11825	13	75	's	's	PART
fbem-11825	13	76	digital	digital	ADJ
fbem-11825	13	77	transformation	transformation	NOUN
fbem-11825	13	78	and	and	CCONJ
fbem-11825	13	79	enterprise	enterprise	NOUN
fbem-11825	13	80	performance	performance	NOUN
fbem-11825	13	81	.	.	PUNCT
fbem-11825	14	1	2	2	X
fbem-11825	14	2	.	.	X
fbem-11825	14	3	theoretical	theoretical	ADJ
fbem-11825	14	4	analysis	analysis	NOUN
fbem-11825	14	5	and	and	CCONJ
fbem-11825	14	6	research	research	NOUN
fbem-11825	14	7	hypothesis	hypothesis	NOUN
fbem-11825	14	8	what	what	PRON
fbem-11825	14	9	is	be	AUX
fbem-11825	14	10	understood	understand	VERB
fbem-11825	14	11	is	be	AUX
fbem-11825	14	12	that	that	SCONJ
fbem-11825	14	13	digital	digital	ADJ
fbem-11825	14	14	transformation	transformation	NOUN
fbem-11825	14	15	is	be	AUX
fbem-11825	14	16	an	an	DET
fbem-11825	14	17	ability	ability	NOUN
fbem-11825	14	18	to	to	PART
fbem-11825	14	19	adapt	adapt	VERB
fbem-11825	14	20	to	to	ADP
fbem-11825	14	21	environmental	environmental	ADJ
fbem-11825	14	22	changes	change	NOUN
fbem-11825	14	23	by	by	ADP
fbem-11825	14	24	leveraging	leverage	VERB
fbem-11825	14	25	digital	digital	ADJ
fbem-11825	14	26	technologies	technology	NOUN
fbem-11825	14	27	,	,	PUNCT
fbem-11825	14	28	leading	lead	VERB
fbem-11825	14	29	to	to	ADP
fbem-11825	14	30	improved	improve	VERB
fbem-11825	14	31	operational	operational	ADJ
fbem-11825	14	32	efficiency	efficiency	NOUN
fbem-11825	14	33	and	and	CCONJ
fbem-11825	14	34	overall	overall	ADJ
fbem-11825	14	35	performance	performance	NOUN
fbem-11825	14	36	.	.	PUNCT
fbem-11825	15	1	enterprise	enterprise	NOUN
fbem-11825	15	2	performance	performance	NOUN
fbem-11825	15	3	measures	measure	NOUN
fbem-11825	15	4	the	the	DET
fbem-11825	15	5	business	business	NOUN
fbem-11825	15	6	outcomes	outcome	NOUN
fbem-11825	15	7	achieved	achieve	VERB
fbem-11825	15	8	through	through	ADP
fbem-11825	15	9	resource	resource	NOUN
fbem-11825	15	10	investment	investment	NOUN
fbem-11825	15	11	and	and	CCONJ
fbem-11825	15	12	reflects	reflect	VERB
fbem-11825	15	13	competitiveness	competitiveness	NOUN
fbem-11825	15	14	.	.	PUNCT
fbem-11825	16	1	the	the	DET
fbem-11825	16	2	current	current	ADJ
fbem-11825	16	3	policy	policy	NOUN
fbem-11825	16	4	measures	measure	NOUN
fbem-11825	16	5	in	in	ADP
fbem-11825	16	6	china	china	PROPN
fbem-11825	16	7	that	that	PRON
fbem-11825	16	8	encourage	encourage	VERB
fbem-11825	16	9	traditional	traditional	ADJ
fbem-11825	16	10	enterprises	enterprise	NOUN
fbem-11825	16	11	to	to	PART
fbem-11825	16	12	undergo	undergo	VERB
fbem-11825	16	13	digital	digital	ADJ
fbem-11825	16	14	transformation	transformation	NOUN
fbem-11825	16	15	have	have	AUX
fbem-11825	16	16	provided	provide	VERB
fbem-11825	16	17	a	a	DET
fbem-11825	16	18	great	great	ADJ
fbem-11825	16	19	incentive	incentive	NOUN
fbem-11825	16	20	for	for	SCONJ
fbem-11825	16	21	physical	physical	ADJ
fbem-11825	16	22	enterprises	enterprise	NOUN
fbem-11825	16	23	to	to	PART
fbem-11825	16	24	undergo	undergo	VERB
fbem-11825	16	25	digital	digital	ADJ
fbem-11825	16	26	transformation	transformation	NOUN
fbem-11825	16	27	,	,	PUNCT
fbem-11825	16	28	and	and	CCONJ
fbem-11825	16	29	the	the	DET
fbem-11825	16	30	increased	increase	VERB
fbem-11825	16	31	investment	investment	NOUN
fbem-11825	16	32	in	in	ADP
fbem-11825	16	33	digitalization	digitalization	NOUN
fbem-11825	16	34	by	by	ADP
fbem-11825	16	35	traditional	traditional	ADJ
fbem-11825	16	36	enterprises	enterprise	NOUN
fbem-11825	16	37	has	have	AUX
fbem-11825	16	38	significantly	significantly	ADV
fbem-11825	16	39	improved	improve	VERB
fbem-11825	16	40	their	their	PRON
fbem-11825	16	41	own	own	ADJ
fbem-11825	16	42	corporate	corporate	ADJ
fbem-11825	16	43	performance	performance	NOUN
fbem-11825	16	44	[	[	X
fbem-11825	16	45	1,2	1,2	NUM
fbem-11825	16	46	]	]	PUNCT
fbem-11825	16	47	.	.	PUNCT
fbem-11825	17	1	efficient	efficient	ADJ
fbem-11825	17	2	asset	asset	NOUN
fbem-11825	17	3	utilization	utilization	NOUN
fbem-11825	17	4	and	and	CCONJ
fbem-11825	17	5	cost	cost	NOUN
fbem-11825	17	6	-	-	PUNCT
fbem-11825	17	7	controlled	control	VERB
fbem-11825	17	8	innovation	innovation	NOUN
fbem-11825	17	9	drive	drive	VERB
fbem-11825	17	10	economic	economic	ADJ
fbem-11825	17	11	benefits	benefit	NOUN
fbem-11825	17	12	.	.	PUNCT
fbem-11825	18	1	based	base	VERB
fbem-11825	18	2	on	on	ADP
fbem-11825	18	3	this	this	PRON
fbem-11825	18	4	,	,	PUNCT
fbem-11825	18	5	according	accord	VERB
fbem-11825	18	6	to	to	ADP
fbem-11825	18	7	the	the	DET
fbem-11825	18	8	first	first	ADJ
fbem-11825	18	9	hypothesis	hypothesis	NOUN
fbem-11825	18	10	of	of	ADP
fbem-11825	18	11	this	this	DET
fbem-11825	18	12	paper	paper	NOUN
fbem-11825	18	13	,	,	PUNCT
fbem-11825	18	14	digital	digital	ADJ
fbem-11825	18	15	transformation	transformation	NOUN
fbem-11825	18	16	has	have	VERB
fbem-11825	18	17	a	a	DET
fbem-11825	18	18	significant	significant	ADJ
fbem-11825	18	19	positive	positive	ADJ
fbem-11825	18	20	impact	impact	NOUN
fbem-11825	18	21	on	on	ADP
fbem-11825	18	22	china	china	PROPN
fbem-11825	18	23	’s	’s	PART
fbem-11825	18	24	performance	performance	NOUN
fbem-11825	18	25	of	of	ADP
fbem-11825	18	26	manufacturing	manufacturing	NOUN
fbem-11825	18	27	enterprises	enterprise	NOUN
fbem-11825	18	28	.	.	PUNCT
fbem-11825	19	1	the	the	DET
fbem-11825	19	2	rapid	rapid	ADJ
fbem-11825	19	3	development	development	NOUN
fbem-11825	19	4	of	of	ADP
fbem-11825	19	5	digital	digital	ADJ
fbem-11825	19	6	transformation	transformation	NOUN
fbem-11825	19	7	fosters	foster	VERB
fbem-11825	19	8	diverse	diverse	ADJ
fbem-11825	19	9	production	production	NOUN
fbem-11825	19	10	models	model	NOUN
fbem-11825	19	11	,	,	PUNCT
fbem-11825	19	12	and	and	CCONJ
fbem-11825	19	13	servitization	servitization	NOUN
fbem-11825	19	14	through	through	ADP
fbem-11825	19	15	information	information	NOUN
fbem-11825	19	16	technology	technology	NOUN
fbem-11825	19	17	(	(	PUNCT
fbem-11825	19	18	it	it	PRON
fbem-11825	19	19	)	)	PUNCT
fbem-11825	19	20	is	be	AUX
fbem-11825	19	21	an	an	DET
fbem-11825	19	22	essential	essential	ADJ
fbem-11825	19	23	means	mean	NOUN
fbem-11825	19	24	for	for	SCONJ
fbem-11825	19	25	manufacturing	manufacturing	NOUN
fbem-11825	19	26	enterprises	enterprise	NOUN
fbem-11825	19	27	to	to	PART
fbem-11825	19	28	create	create	VERB
fbem-11825	19	29	and	and	CCONJ
fbem-11825	19	30	obtain	obtain	VERB
fbem-11825	19	31	product	product	NOUN
fbem-11825	19	32	value	value	NOUN
fbem-11825	19	33	[	[	X
fbem-11825	19	34	3,4	3,4	NUM
fbem-11825	19	35	]	]	PUNCT
fbem-11825	19	36	.	.	PUNCT
fbem-11825	20	1	on	on	ADP
fbem-11825	20	2	the	the	DET
fbem-11825	20	3	one	one	NUM
fbem-11825	20	4	hand	hand	NOUN
fbem-11825	20	5	,	,	PUNCT
fbem-11825	20	6	by	by	ADP
fbem-11825	20	7	integrating	integrate	VERB
fbem-11825	20	8	manufacturing	manufacturing	NOUN
fbem-11825	20	9	with	with	ADP
fbem-11825	20	10	service	service	NOUN
fbem-11825	20	11	business	business	NOUN
fbem-11825	20	12	,	,	PUNCT
fbem-11825	20	13	companies	company	NOUN
fbem-11825	20	14	optimize	optimize	VERB
fbem-11825	20	15	resource	resource	NOUN
fbem-11825	20	16	allocation	allocation	NOUN
fbem-11825	20	17	,	,	PUNCT
fbem-11825	20	18	reduce	reduce	VERB
fbem-11825	20	19	service	service	NOUN
fbem-11825	20	20	costs	cost	NOUN
fbem-11825	20	21	,	,	PUNCT
fbem-11825	20	22	and	and	CCONJ
fbem-11825	20	23	expand	expand	VERB
fbem-11825	20	24	their	their	PRON
fbem-11825	20	25	service	service	NOUN
fbem-11825	20	26	scale	scale	NOUN
fbem-11825	20	27	using	use	VERB
fbem-11825	20	28	digital	digital	ADJ
fbem-11825	20	29	technology	technology	NOUN
fbem-11825	20	30	[	[	X
fbem-11825	20	31	5,6	5,6	NUM
fbem-11825	20	32	]	]	PUNCT
fbem-11825	20	33	.	.	PUNCT
fbem-11825	21	1	on	on	ADP
fbem-11825	21	2	the	the	DET
fbem-11825	21	3	other	other	ADJ
fbem-11825	21	4	hand	hand	NOUN
fbem-11825	21	5	,	,	PUNCT
fbem-11825	21	6	manufacturing	manufacturing	NOUN
fbem-11825	21	7	enterprises	enterprise	NOUN
fbem-11825	21	8	use	use	VERB
fbem-11825	21	9	the	the	DET
fbem-11825	21	10	combination	combination	NOUN
fbem-11825	21	11	package	package	NOUN
fbem-11825	21	12	of	of	ADP
fbem-11825	21	13	"	"	PUNCT
fbem-11825	21	14	product	product	NOUN
fbem-11825	21	15	"	"	PUNCT
fbem-11825	21	16	+	+	CCONJ
fbem-11825	21	17	"	"	PUNCT
fbem-11825	21	18	service	service	NOUN
fbem-11825	21	19	"	"	PUNCT
fbem-11825	21	20	establishes	establish	VERB
fbem-11825	21	21	interactive	interactive	ADJ
fbem-11825	21	22	customer	customer	NOUN
fbem-11825	21	23	relationships	relationship	NOUN
fbem-11825	21	24	,	,	PUNCT
fbem-11825	21	25	boosts	boost	VERB
fbem-11825	21	26	user	user	NOUN
fbem-11825	21	27	loyalty	loyalty	NOUN
fbem-11825	21	28	,	,	PUNCT
fbem-11825	21	29	repeat	repeat	NOUN
fbem-11825	21	30	purchases	purchase	NOUN
fbem-11825	21	31	,	,	PUNCT
fbem-11825	21	32	and	and	CCONJ
fbem-11825	21	33	drives	drive	VERB
fbem-11825	21	34	profitability	profitability	NOUN
fbem-11825	21	35	[	[	X
fbem-11825	21	36	7,8	7,8	NUM
fbem-11825	21	37	]	]	PUNCT
fbem-11825	21	38	.	.	PUNCT
fbem-11825	22	1	based	base	VERB
fbem-11825	22	2	on	on	ADP
fbem-11825	22	3	this	this	PRON
fbem-11825	22	4	,	,	PUNCT
fbem-11825	22	5	this	this	DET
fbem-11825	22	6	paper	paper	NOUN
fbem-11825	22	7	proposes	propose	VERB
fbem-11825	22	8	the	the	DET
fbem-11825	22	9	second	second	ADJ
fbem-11825	22	10	hypothesis	hypothesis	NOUN
fbem-11825	22	11	of	of	ADP
fbem-11825	22	12	this	this	DET
fbem-11825	22	13	paper	paper	NOUN
fbem-11825	22	14	:	:	PUNCT
fbem-11825	22	15	servitization	servitization	NOUN
fbem-11825	22	16	in	in	ADP
fbem-11825	22	17	manufacturing	manufacturing	NOUN
fbem-11825	22	18	has	have	VERB
fbem-11825	22	19	a	a	DET
fbem-11825	22	20	positive	positive	ADJ
fbem-11825	22	21	mediating	mediate	VERB
fbem-11825	22	22	effect	effect	NOUN
fbem-11825	22	23	between	between	ADP
fbem-11825	22	24	digital	digital	ADJ
fbem-11825	22	25	technology	technology	NOUN
fbem-11825	22	26	adoption	adoption	NOUN
fbem-11825	22	27	and	and	CCONJ
fbem-11825	22	28	firm	firm	ADJ
fbem-11825	22	29	performance	performance	NOUN
fbem-11825	22	30	.	.	PUNCT
fbem-11825	23	1	3	3	X
fbem-11825	23	2	.	.	X
fbem-11825	23	3	data	datum	NOUN
fbem-11825	23	4	sources	source	NOUN
fbem-11825	23	5	and	and	CCONJ
fbem-11825	23	6	study	study	NOUN
fbem-11825	23	7	design	design	NOUN
fbem-11825	23	8	3.1	3.1	NUM
fbem-11825	23	9	.	.	PUNCT
fbem-11825	24	1	sample	sample	NOUN
fbem-11825	24	2	and	and	CCONJ
fbem-11825	24	3	data	datum	NOUN
fbem-11825	24	4	this	this	DET
fbem-11825	24	5	paper	paper	NOUN
fbem-11825	24	6	chooses	choose	VERB
fbem-11825	24	7	and	and	CCONJ
fbem-11825	24	8	uses	use	VERB
fbem-11825	24	9	all	all	DET
fbem-11825	24	10	manufacturing	manufacturing	NOUN
fbem-11825	24	11	enterprises	enterprise	NOUN
fbem-11825	24	12	in	in	ADP
fbem-11825	24	13	shanghai	shanghai	PROPN
fbem-11825	24	14	and	and	CCONJ
fbem-11825	24	15	shenzhen	shenzhen	PROPN
fbem-11825	24	16	cities	city	NOUN
fbem-11825	24	17	from	from	ADP
fbem-11825	24	18	2018	2018	NUM
fbem-11825	24	19	-	-	SYM
fbem-11825	24	20	2022	2022	NUM
fbem-11825	24	21	as	as	ADP
fbem-11825	24	22	the	the	DET
fbem-11825	24	23	research	research	NOUN
fbem-11825	24	24	object	object	NOUN
fbem-11825	24	25	.	.	PUNCT
fbem-11825	25	1	the	the	DET
fbem-11825	25	2	relevant	relevant	ADJ
fbem-11825	25	3	data	datum	NOUN
fbem-11825	25	4	of	of	ADP
fbem-11825	25	5	chinese	chinese	ADJ
fbem-11825	25	6	manufacturing	manufacturing	NOUN
fbem-11825	25	7	enterprises	enterprise	NOUN
fbem-11825	25	8	are	be	AUX
fbem-11825	25	9	the	the	DET
fbem-11825	25	10	research	research	NOUN
fbem-11825	25	11	objects	object	NOUN
fbem-11825	25	12	,	,	PUNCT
fbem-11825	25	13	and	and	CCONJ
fbem-11825	25	14	the	the	DET
fbem-11825	25	15	listed	list	VERB
fbem-11825	25	16	data	datum	NOUN
fbem-11825	25	17	are	be	AUX
fbem-11825	25	18	taken	take	VERB
fbem-11825	25	19	from	from	ADP
fbem-11825	25	20	csmar	csmar	PROPN
fbem-11825	25	21	database	database	NOUN
fbem-11825	25	22	,	,	PUNCT
fbem-11825	25	23	wind	wind	NOUN
fbem-11825	25	24	database	database	NOUN
fbem-11825	25	25	,	,	PUNCT
fbem-11825	25	26	and	and	CCONJ
fbem-11825	25	27	the	the	DET
fbem-11825	25	28	company	company	NOUN
fbem-11825	25	29	annual	annual	ADJ
fbem-11825	25	30	reports	report	NOUN
fbem-11825	25	31	disclosed	disclose	VERB
fbem-11825	25	32	by	by	ADP
fbem-11825	25	33	listed	list	VERB
fbem-11825	25	34	companies	company	NOUN
fbem-11825	25	35	on	on	ADP
fbem-11825	25	36	a	a	DET
fbem-11825	25	37	regular	regular	ADJ
fbem-11825	25	38	basis	basis	NOUN
fbem-11825	25	39	,	,	PUNCT
fbem-11825	25	40	whose	whose	DET
fbem-11825	25	41	data	datum	NOUN
fbem-11825	25	42	are	be	AUX
fbem-11825	25	43	scientific	scientific	ADJ
fbem-11825	25	44	and	and	CCONJ
fbem-11825	25	45	authoritative	authoritative	ADJ
fbem-11825	25	46	.	.	PUNCT
fbem-11825	26	1	to	to	PART
fbem-11825	26	2	guarantee	guarantee	VERB
fbem-11825	26	3	the	the	DET
fbem-11825	26	4	dependability	dependability	NOUN
fbem-11825	26	5	of	of	ADP
fbem-11825	26	6	the	the	DET
fbem-11825	26	7	study	study	NOUN
fbem-11825	26	8	results	result	NOUN
fbem-11825	26	9	,	,	PUNCT
fbem-11825	26	10	samples	sample	NOUN
fbem-11825	26	11	will	will	AUX
fbem-11825	26	12	be	be	AUX
fbem-11825	26	13	screened	screen	VERB
fbem-11825	26	14	on	on	ADP
fbem-11825	26	15	the	the	DET
fbem-11825	26	16	basis	basis	NOUN
fbem-11825	26	17	of	of	ADP
fbem-11825	26	18	the	the	DET
fbem-11825	26	19	following	follow	VERB
fbem-11825	26	20	criteria	criterion	NOUN
fbem-11825	26	21	:	:	PUNCT
fbem-11825	26	22	(	(	PUNCT
fbem-11825	26	23	1	1	X
fbem-11825	26	24	)	)	PUNCT
fbem-11825	26	25	excluding	exclude	VERB
fbem-11825	26	26	st	st	PROPN
fbem-11825	26	27	and	and	CCONJ
fbem-11825	26	28	*	*	PROPN
fbem-11825	26	29	st	st	PROPN
fbem-11825	26	30	category	category	NOUN
fbem-11825	26	31	listed	list	VERB
fbem-11825	26	32	companies	company	NOUN
fbem-11825	26	33	.	.	PUNCT
fbem-11825	27	1	(	(	PUNCT
fbem-11825	27	2	2	2	X
fbem-11825	27	3	)	)	PUNCT
fbem-11825	27	4	excluding	exclude	VERB
fbem-11825	27	5	enterprises	enterprise	NOUN
fbem-11825	27	6	listed	list	VERB
fbem-11825	27	7	after	after	ADP
fbem-11825	27	8	2018	2018	NUM
fbem-11825	27	9	.	.	PUNCT
fbem-11825	28	1	(	(	PUNCT
fbem-11825	28	2	3	3	X
fbem-11825	28	3	)	)	PUNCT
fbem-11825	28	4	excluding	exclude	VERB
fbem-11825	28	5	samples	sample	NOUN
fbem-11825	28	6	with	with	ADP
fbem-11825	28	7	serious	serious	ADJ
fbem-11825	28	8	missing	missing	ADJ
fbem-11825	28	9	data	datum	NOUN
fbem-11825	28	10	on	on	ADP
fbem-11825	28	11	118	118	NUM
fbem-11825	28	12	explanatory	explanatory	ADJ
fbem-11825	28	13	variables	variable	NOUN
fbem-11825	28	14	,	,	PUNCT
fbem-11825	28	15	explained	explain	VERB
fbem-11825	28	16	variables	variable	NOUN
fbem-11825	28	17	,	,	PUNCT
fbem-11825	28	18	and	and	CCONJ
fbem-11825	28	19	control	control	NOUN
fbem-11825	28	20	variables	variable	NOUN
fbem-11825	28	21	in	in	ADP
fbem-11825	28	22	the	the	DET
fbem-11825	28	23	model	model	NOUN
fbem-11825	28	24	definition	definition	NOUN
fbem-11825	28	25	.	.	PUNCT
fbem-11825	29	1	(	(	PUNCT
fbem-11825	29	2	4	4	X
fbem-11825	29	3	)	)	PUNCT
fbem-11825	29	4	in	in	ADP
fbem-11825	29	5	order	order	NOUN
fbem-11825	29	6	to	to	PART
fbem-11825	29	7	avoid	avoid	VERB
fbem-11825	29	8	the	the	DET
fbem-11825	29	9	negative	negative	ADJ
fbem-11825	29	10	effect	effect	NOUN
fbem-11825	29	11	of	of	ADP
fbem-11825	29	12	outliers	outlier	NOUN
fbem-11825	29	13	on	on	ADP
fbem-11825	29	14	the	the	DET
fbem-11825	29	15	results	result	NOUN
fbem-11825	29	16	of	of	ADP
fbem-11825	29	17	the	the	DET
fbem-11825	29	18	paper	paper	NOUN
fbem-11825	29	19	,	,	PUNCT
fbem-11825	29	20	the	the	DET
fbem-11825	29	21	upper	upper	ADJ
fbem-11825	29	22	and	and	CCONJ
fbem-11825	29	23	lower	low	ADJ
fbem-11825	29	24	1	1	NUM
fbem-11825	29	25	%	%	NOUN
fbem-11825	29	26	winsorize	winsorize	NOUN
fbem-11825	29	27	shrinkage	shrinkage	NOUN
fbem-11825	29	28	of	of	ADP
fbem-11825	29	29	all	all	DET
fbem-11825	29	30	continuous	continuous	ADJ
fbem-11825	29	31	variables	variable	NOUN
fbem-11825	29	32	was	be	AUX
fbem-11825	29	33	performed	perform	VERB
fbem-11825	29	34	.	.	PUNCT
fbem-11825	30	1	finally	finally	ADV
fbem-11825	30	2	,	,	PUNCT
fbem-11825	30	3	1470	1470	NUM
fbem-11825	30	4	sample	sample	NOUN
fbem-11825	30	5	firms	firm	NOUN
fbem-11825	30	6	were	be	AUX
fbem-11825	30	7	screened	screen	VERB
fbem-11825	30	8	in	in	ADP
fbem-11825	30	9	this	this	DET
fbem-11825	30	10	paper	paper	NOUN
fbem-11825	30	11	.	.	PUNCT
fbem-11825	31	1	3.2	3.2	NUM
fbem-11825	31	2	.	.	PUNCT
fbem-11825	31	3	variable	variable	ADJ
fbem-11825	31	4	selection	selection	NOUN
fbem-11825	31	5	and	and	CCONJ
fbem-11825	31	6	definitions	definition	NOUN
fbem-11825	31	7	3.2.1	3.2.1	NUM
fbem-11825	31	8	.	.	PUNCT
fbem-11825	31	9	explained	explain	VERB
fbem-11825	31	10	variables	variable	NOUN
fbem-11825	31	11	the	the	DET
fbem-11825	31	12	explained	explain	VERB
fbem-11825	31	13	variable	variable	NOUN
fbem-11825	31	14	in	in	ADP
fbem-11825	31	15	this	this	DET
fbem-11825	31	16	paper	paper	NOUN
fbem-11825	31	17	is	be	AUX
fbem-11825	31	18	corporate	corporate	ADJ
fbem-11825	31	19	performance	performance	NOUN
fbem-11825	31	20	,	,	PUNCT
fbem-11825	31	21	roa	roa	PROPN
fbem-11825	31	22	is	be	AUX
fbem-11825	31	23	selected	select	VERB
fbem-11825	31	24	as	as	ADP
fbem-11825	31	25	a	a	DET
fbem-11825	31	26	measure	measure	NOUN
fbem-11825	31	27	of	of	ADP
fbem-11825	31	28	corporate	corporate	ADJ
fbem-11825	31	29	performance	performance	NOUN
fbem-11825	31	30	,	,	PUNCT
fbem-11825	31	31	and	and	CCONJ
fbem-11825	31	32	roe	roe	NOUN
fbem-11825	31	33	is	be	AUX
fbem-11825	31	34	selected	select	VERB
fbem-11825	31	35	as	as	ADP
fbem-11825	31	36	a	a	DET
fbem-11825	31	37	proxy	proxy	NOUN
fbem-11825	31	38	for	for	ADP
fbem-11825	31	39	roa	roa	NOUN
fbem-11825	31	40	for	for	ADP
fbem-11825	31	41	robustness	robustness	NOUN
fbem-11825	31	42	test	test	NOUN
fbem-11825	31	43	.	.	PUNCT
fbem-11825	32	1	3.2.2	3.2.2	X
fbem-11825	32	2	.	.	PUNCT
fbem-11825	32	3	explanatory	explanatory	ADJ
fbem-11825	32	4	variables	variable	NOUN
fbem-11825	32	5	the	the	DET
fbem-11825	32	6	digital	digital	ADJ
fbem-11825	32	7	capital	capital	NOUN
fbem-11825	32	8	investment	investment	NOUN
fbem-11825	32	9	rate	rate	NOUN
fbem-11825	32	10	will	will	AUX
fbem-11825	32	11	be	be	AUX
fbem-11825	32	12	selected	select	VERB
fbem-11825	32	13	to	to	PART
fbem-11825	32	14	measure	measure	VERB
fbem-11825	32	15	the	the	DET
fbem-11825	32	16	level	level	NOUN
fbem-11825	32	17	of	of	ADP
fbem-11825	32	18	digital	digital	ADJ
fbem-11825	32	19	transformation	transformation	NOUN
fbem-11825	32	20	of	of	ADP
fbem-11825	32	21	manufacturing	manufacturing	NOUN
fbem-11825	32	22	firms	firm	NOUN
fbem-11825	32	23	.	.	PUNCT
fbem-11825	33	1	the	the	DET
fbem-11825	33	2	digital	digital	ADJ
fbem-11825	33	3	capital	capital	NOUN
fbem-11825	33	4	investment	investment	NOUN
fbem-11825	33	5	rate	rate	NOUN
fbem-11825	33	6	is	be	AUX
fbem-11825	33	7	the	the	DET
fbem-11825	33	8	ratio	ratio	NOUN
fbem-11825	33	9	of	of	ADP
fbem-11825	33	10	new	new	ADJ
fbem-11825	33	11	electronic	electronic	ADJ
fbem-11825	33	12	equipment	equipment	NOUN
fbem-11825	33	13	hardware	hardware	NOUN
fbem-11825	33	14	investment	investment	NOUN
fbem-11825	33	15	and	and	CCONJ
fbem-11825	33	16	software	software	NOUN
fbem-11825	33	17	system	system	NOUN
fbem-11825	33	18	investment	investment	NOUN
fbem-11825	33	19	to	to	ADP
fbem-11825	33	20	the	the	DET
fbem-11825	33	21	total	total	ADJ
fbem-11825	33	22	business	business	NOUN
fbem-11825	33	23	revenue	revenue	NOUN
fbem-11825	33	24	of	of	ADP
fbem-11825	33	25	the	the	DET
fbem-11825	33	26	enterprise	enterprise	NOUN
fbem-11825	33	27	every	every	DET
fbem-11825	33	28	year	year	NOUN
fbem-11825	33	29	.	.	PUNCT
fbem-11825	34	1	3.2.3	3.2.3	X
fbem-11825	34	2	.	.	X
fbem-11825	34	3	mediating	mediate	VERB
fbem-11825	34	4	variables	variable	NOUN
fbem-11825	34	5	in	in	ADP
fbem-11825	34	6	this	this	DET
fbem-11825	34	7	paper	paper	NOUN
fbem-11825	34	8	,	,	PUNCT
fbem-11825	34	9	the	the	DET
fbem-11825	34	10	servitization	servitization	NOUN
fbem-11825	34	11	level	level	NOUN
fbem-11825	34	12	of	of	ADP
fbem-11825	34	13	manufacturing	manufacturing	NOUN
fbem-11825	34	14	industry	industry	NOUN
fbem-11825	34	15	is	be	AUX
fbem-11825	34	16	selected	select	VERB
fbem-11825	34	17	as	as	ADP
fbem-11825	34	18	the	the	DET
fbem-11825	34	19	mediating	mediate	VERB
fbem-11825	34	20	variable	variable	NOUN
fbem-11825	34	21	.	.	PUNCT
fbem-11825	35	1	the	the	DET
fbem-11825	35	2	ratio	ratio	NOUN
fbem-11825	35	3	of	of	ADP
fbem-11825	35	4	other	other	ADJ
fbem-11825	35	5	business	business	NOUN
fbem-11825	35	6	income	income	NOUN
fbem-11825	35	7	to	to	ADP
fbem-11825	35	8	total	total	ADJ
fbem-11825	35	9	income	income	NOUN
fbem-11825	35	10	of	of	ADP
fbem-11825	35	11	enterprises	enterprise	NOUN
fbem-11825	35	12	is	be	AUX
fbem-11825	35	13	mainly	mainly	ADV
fbem-11825	35	14	used	use	VERB
fbem-11825	35	15	as	as	ADP
fbem-11825	35	16	an	an	DET
fbem-11825	35	17	norm	norm	NOUN
fbem-11825	35	18	to	to	PART
fbem-11825	35	19	measure	measure	VERB
fbem-11825	35	20	the	the	DET
fbem-11825	35	21	standard	standard	NOUN
fbem-11825	35	22	of	of	ADP
fbem-11825	35	23	servitization	servitization	NOUN
fbem-11825	35	24	.	.	PUNCT
fbem-11825	36	1	3.2.4	3.2.4	NUM
fbem-11825	36	2	.	.	PUNCT
fbem-11825	37	1	control	control	NOUN
fbem-11825	37	2	variables	variable	NOUN
fbem-11825	37	3	in	in	ADP
fbem-11825	37	4	this	this	DET
fbem-11825	37	5	paper	paper	NOUN
fbem-11825	37	6	,	,	PUNCT
fbem-11825	37	7	enterprise	enterprise	NOUN
fbem-11825	37	8	size	size	NOUN
fbem-11825	37	9	,	,	PUNCT
fbem-11825	37	10	proportion	proportion	NOUN
fbem-11825	37	11	of	of	ADP
fbem-11825	37	12	shares	share	NOUN
fbem-11825	37	13	held	hold	VERB
fbem-11825	37	14	by	by	ADP
fbem-11825	37	15	the	the	DET
fbem-11825	37	16	first	first	ADJ
fbem-11825	37	17	largest	large	ADJ
fbem-11825	37	18	shareholder	shareholder	NOUN
fbem-11825	37	19	,	,	PUNCT
fbem-11825	37	20	debt	debt	NOUN
fbem-11825	37	21	-	-	PUNCT
fbem-11825	37	22	to	to	ADP
fbem-11825	37	23	-	-	PUNCT
fbem-11825	37	24	assets	asset	NOUN
fbem-11825	37	25	ratio	ratio	NOUN
fbem-11825	37	26	and	and	CCONJ
fbem-11825	37	27	growth	growth	NOUN
fbem-11825	37	28	rate	rate	NOUN
fbem-11825	37	29	of	of	ADP
fbem-11825	37	30	operating	operate	VERB
fbem-11825	37	31	income	income	NOUN
fbem-11825	37	32	are	be	AUX
fbem-11825	37	33	chosen	choose	VERB
fbem-11825	37	34	as	as	ADP
fbem-11825	37	35	the	the	DET
fbem-11825	37	36	control	control	NOUN
fbem-11825	37	37	variables	variable	NOUN
fbem-11825	37	38	.	.	PUNCT
fbem-11825	38	1	table	table	NOUN
fbem-11825	38	2	1	1	NUM
fbem-11825	38	3	.	.	PUNCT
fbem-11825	38	4	variable	variable	ADJ
fbem-11825	38	5	definition	definition	NOUN
fbem-11825	38	6	table	table	NOUN
fbem-11825	38	7	variable	variable	ADJ
fbem-11825	38	8	type	type	NOUN
fbem-11825	38	9	variable	variable	ADJ
fbem-11825	38	10	symbol	symbol	NOUN
fbem-11825	38	11	definition	definition	NOUN
fbem-11825	38	12	explained	explain	VERB
fbem-11825	38	13	variables	variable	NOUN
fbem-11825	38	14	enterprise	enterprise	NOUN
fbem-11825	38	15	performance	performance	NOUN
fbem-11825	38	16	roa	roa	NOUN
fbem-11825	38	17	return	return	NOUN
fbem-11825	38	18	on	on	ADP
fbem-11825	38	19	total	total	ADJ
fbem-11825	38	20	assets	asset	NOUN
fbem-11825	38	21	roe	roe	NOUN
fbem-11825	38	22	return	return	NOUN
fbem-11825	38	23	on	on	ADP
fbem-11825	38	24	net	net	ADJ
fbem-11825	38	25	assets	asset	NOUN
fbem-11825	38	26	explanatory	explanatory	ADJ
fbem-11825	38	27	variables	variable	VERB
fbem-11825	38	28	digital	digital	ADJ
fbem-11825	38	29	transformation	transformation	NOUN
fbem-11825	38	30	dig	dig	VERB
fbem-11825	38	31	ratio	ratio	NOUN
fbem-11825	38	32	of	of	ADP
fbem-11825	38	33	new	new	ADJ
fbem-11825	38	34	electronic	electronic	ADJ
fbem-11825	38	35	equipment	equipment	NOUN
fbem-11825	38	36	hardware	hardware	NOUN
fbem-11825	38	37	investment	investment	NOUN
fbem-11825	38	38	and	and	CCONJ
fbem-11825	38	39	software	software	NOUN
fbem-11825	38	40	system	system	NOUN
fbem-11825	38	41	investment	investment	NOUN
fbem-11825	38	42	to	to	ADP
fbem-11825	38	43	total	total	VERB
fbem-11825	38	44	business	business	NOUN
fbem-11825	38	45	revenue	revenue	NOUN
fbem-11825	38	46	per	per	ADP
fbem-11825	38	47	year	year	NOUN
fbem-11825	38	48	mediating	mediate	VERB
fbem-11825	38	49	variables	variable	NOUN
fbem-11825	38	50	service	service	NOUN
fbem-11825	38	51	level	level	NOUN
fbem-11825	38	52	serve	serve	VERB
fbem-11825	38	53	ratio	ratio	NOUN
fbem-11825	38	54	of	of	ADP
fbem-11825	38	55	other	other	ADJ
fbem-11825	38	56	operating	operate	VERB
fbem-11825	38	57	income	income	NOUN
fbem-11825	38	58	to	to	ADP
fbem-11825	38	59	total	total	ADJ
fbem-11825	38	60	revenue	revenue	NOUN
fbem-11825	38	61	of	of	ADP
fbem-11825	38	62	the	the	DET
fbem-11825	38	63	enterprise	enterprise	NOUN
fbem-11825	38	64	control	control	NOUN
fbem-11825	38	65	variables	variable	VERB
fbem-11825	38	66	enterprise	enterprise	NOUN
fbem-11825	38	67	size	size	NOUN
fbem-11825	38	68	size	size	NOUN
fbem-11825	38	69	log	log	NOUN
fbem-11825	38	70	of	of	ADP
fbem-11825	38	71	total	total	ADJ
fbem-11825	38	72	assets	asset	NOUN
fbem-11825	38	73	gearing	gear	VERB
fbem-11825	38	74	ratio	ratio	NOUN
fbem-11825	38	75	lev	lev	NOUN
fbem-11825	38	76	total	total	ADJ
fbem-11825	38	77	liabilities	liability	NOUN
fbem-11825	38	78	/	/	SYM
fbem-11825	38	79	total	total	ADJ
fbem-11825	38	80	assets	asset	NOUN
fbem-11825	38	81	shareholding	shareholding	NOUN
fbem-11825	38	82	ratio	ratio	NOUN
fbem-11825	38	83	of	of	ADP
fbem-11825	38	84	the	the	DET
fbem-11825	38	85	largest	large	ADJ
fbem-11825	38	86	shareholder	shareholder	NOUN
fbem-11825	38	87	top1	top1	NOUN
fbem-11825	38	88	number	number	NOUN
fbem-11825	38	89	of	of	ADP
fbem-11825	38	90	shares	share	NOUN
fbem-11825	38	91	held	hold	VERB
fbem-11825	38	92	by	by	ADP
fbem-11825	38	93	the	the	DET
fbem-11825	38	94	largest	large	ADJ
fbem-11825	38	95	shareholder	shareholder	NOUN
fbem-11825	38	96	/	/	SYM
fbem-11825	38	97	total	total	ADJ
fbem-11825	38	98	number	number	NOUN
fbem-11825	38	99	of	of	ADP
fbem-11825	38	100	shares	share	NOUN
fbem-11825	38	101	operating	operating	NOUN
fbem-11825	38	102	revenue	revenue	NOUN
fbem-11825	38	103	growth	growth	NOUN
fbem-11825	38	104	rate	rate	NOUN
fbem-11825	38	105	growth	growth	NOUN
fbem-11825	38	106	(	(	PUNCT
fbem-11825	38	107	current	current	ADJ
fbem-11825	38	108	year	year	NOUN
fbem-11825	38	109	's	's	PART
fbem-11825	38	110	operating	operating	NOUN
fbem-11825	38	111	revenue	revenue	NOUN
fbem-11825	38	112	prior	prior	ADJ
fbem-11825	38	113	year	year	NOUN
fbem-11825	38	114	's	's	PART
fbem-11825	38	115	operating	operating	NOUN
fbem-11825	38	116	revenue	revenue	NOUN
fbem-11825	38	117	)	)	PUNCT
fbem-11825	38	118	/	/	PUNCT
fbem-11825	38	119	prior	prior	ADJ
fbem-11825	38	120	year	year	NOUN
fbem-11825	38	121	's	's	PART
fbem-11825	38	122	operating	operating	NOUN
fbem-11825	38	123	revenue	revenue	NOUN
fbem-11825	38	124	3.3	3.3	NUM
fbem-11825	38	125	.	.	PUNCT
fbem-11825	39	1	model	model	NOUN
fbem-11825	39	2	design	design	NOUN
fbem-11825	39	3	in	in	ADP
fbem-11825	39	4	order	order	NOUN
fbem-11825	39	5	to	to	PART
fbem-11825	39	6	test	test	VERB
fbem-11825	39	7	hypothesis	hypothesis	NOUN
fbem-11825	39	8	1	1	NUM
fbem-11825	39	9	,	,	PUNCT
fbem-11825	39	10	model1	model1	PROPN
fbem-11825	39	11	and	and	CCONJ
fbem-11825	39	12	model2	model2	NOUN
fbem-11825	39	13	are	be	AUX
fbem-11825	39	14	developed	develop	VERB
fbem-11825	39	15	in	in	ADP
fbem-11825	39	16	this	this	DET
fbem-11825	39	17	paper	paper	NOUN
fbem-11825	39	18	,	,	PUNCT
fbem-11825	39	19	where	where	SCONJ
fbem-11825	39	20	both	both	DET
fbem-11825	39	21	model1	model1	NOUN
fbem-11825	39	22	and	and	CCONJ
fbem-11825	39	23	model2	model2	NOUN
fbem-11825	39	24	are	be	AUX
fbem-11825	39	25	multiple	multiple	ADJ
fbem-11825	39	26	linear	linear	ADJ
fbem-11825	39	27	regression	regression	NOUN
fbem-11825	39	28	models	model	NOUN
fbem-11825	39	29	with	with	ADP
fbem-11825	39	30	the	the	DET
fbem-11825	39	31	explanatory	explanatory	ADJ
fbem-11825	39	32	variable	variable	ADJ
fbem-11825	39	33	enterprise	enterprise	NOUN
fbem-11825	39	34	performance	performance	NOUN
fbem-11825	39	35	,	,	PUNCT
fbem-11825	39	36	the	the	DET
fbem-11825	39	37	explained	explain	VERB
fbem-11825	39	38	variable	variable	ADJ
fbem-11825	39	39	digital	digital	ADJ
fbem-11825	39	40	transformation	transformation	NOUN
fbem-11825	39	41	and	and	CCONJ
fbem-11825	39	42	several	several	ADJ
fbem-11825	39	43	control	control	NOUN
fbem-11825	39	44	variables	variable	NOUN
fbem-11825	39	45	.	.	PUNCT
fbem-11825	40	1	the	the	DET
fbem-11825	40	2	difference	difference	NOUN
fbem-11825	40	3	is	be	AUX
fbem-11825	40	4	that	that	SCONJ
fbem-11825	40	5	model1	model1	PROPN
fbem-11825	40	6	uses	use	VERB
fbem-11825	40	7	the	the	DET
fbem-11825	40	8	roa	roa	PROPN
fbem-11825	40	9	indicator	indicator	NOUN
fbem-11825	40	10	for	for	ADP
fbem-11825	40	11	firm	firm	ADJ
fbem-11825	40	12	performance	performance	NOUN
fbem-11825	40	13	and	and	CCONJ
fbem-11825	40	14	model2	model2	NOUN
fbem-11825	40	15	uses	use	VERB
fbem-11825	40	16	the	the	DET
fbem-11825	40	17	roe	roe	PROPN
fbem-11825	40	18	indicator	indicator	NOUN
fbem-11825	40	19	for	for	ADP
fbem-11825	40	20	firm	firm	ADJ
fbem-11825	40	21	performance	performance	NOUN
fbem-11825	40	22	.	.	PUNCT
fbem-11825	41	1	ititititititit	ititititititit	PROPN
fbem-11825	41	2	growthtoplevsizedigroa	growthtoplevsizedigroa	PROPN
fbem-11825	41	3			PROPN
fbem-11825	41	4			VERB
fbem-11825	41	5	33321	33321	NUM
fbem-11825	41	6	1	1	NUM
fbem-11825	41	7	(	(	PUNCT
fbem-11825	41	8	model1	model1	PROPN
fbem-11825	41	9	)	)	PUNCT
fbem-11825	41	10	ititititititit	ititititititit	PROPN
fbem-11825	41	11	growthtoplevsizedigroe	growthtoplevsizedigroe	PROPN
fbem-11825	41	12			VERB
fbem-11825	41	13			VERB
fbem-11825	41	14	33321	33321	NUM
fbem-11825	41	15	1	1	NUM
fbem-11825	41	16	(	(	PUNCT
fbem-11825	41	17	model2	model2	NOUN
fbem-11825	41	18	)	)	PUNCT
fbem-11825	41	19	to	to	PART
fbem-11825	41	20	test	test	VERB
fbem-11825	41	21	hypothesis	hypothesis	NOUN
fbem-11825	41	22	2	2	NUM
fbem-11825	41	23	,	,	PUNCT
fbem-11825	41	24	this	this	DET
fbem-11825	41	25	paper	paper	NOUN
fbem-11825	41	26	will	will	AUX
fbem-11825	41	27	use	use	VERB
fbem-11825	41	28	stepwise	stepwise	ADJ
fbem-11825	41	29	regression	regression	NOUN
fbem-11825	41	30	to	to	PART
fbem-11825	41	31	verify	verify	VERB
fbem-11825	41	32	the	the	DET
fbem-11825	41	33	existence	existence	NOUN
fbem-11825	41	34	of	of	ADP
fbem-11825	41	35	its	its	PRON
fbem-11825	41	36	mediating	mediating	NOUN
fbem-11825	41	37	role.model3	role.model3	NOUN
fbem-11825	41	38	is	be	AUX
fbem-11825	41	39	a	a	DET
fbem-11825	41	40	regression	regression	NOUN
fbem-11825	41	41	model	model	NOUN
fbem-11825	41	42	of	of	ADP
fbem-11825	41	43	the	the	DET
fbem-11825	41	44	mediating	mediate	VERB
fbem-11825	41	45	variable	variable	ADJ
fbem-11825	41	46	servitization	servitization	NOUN
fbem-11825	41	47	level	level	NOUN
fbem-11825	41	48	and	and	CCONJ
fbem-11825	41	49	the	the	DET
fbem-11825	41	50	digital	digital	ADJ
fbem-11825	41	51	transformation	transformation	NOUN
fbem-11825	41	52	of	of	ADP
fbem-11825	41	53	explanatory	explanatory	ADJ
fbem-11825	41	54	variables	variable	NOUN
fbem-11825	41	55	.	.	PUNCT
fbem-11825	42	1	model4	model4	NOUN
fbem-11825	42	2	is	be	AUX
fbem-11825	42	3	a	a	DET
fbem-11825	42	4	regression	regression	NOUN
fbem-11825	42	5	model	model	NOUN
fbem-11825	42	6	of	of	ADP
fbem-11825	42	7	the	the	DET
fbem-11825	42	8	explained	explain	VERB
fbem-11825	42	9	variable	variable	ADJ
fbem-11825	42	10	firm	firm	ADJ
fbem-11825	42	11	performance	performance	NOUN
fbem-11825	42	12	,	,	PUNCT
fbem-11825	42	13	the	the	DET
fbem-11825	42	14	explanatory	explanatory	ADJ
fbem-11825	42	15	variable	variable	ADJ
fbem-11825	42	16	digital	digital	ADJ
fbem-11825	42	17	transformation	transformation	NOUN
fbem-11825	42	18	,	,	PUNCT
fbem-11825	42	19	the	the	DET
fbem-11825	42	20	mediating	mediate	VERB
fbem-11825	42	21	variable	variable	ADJ
fbem-11825	42	22	servitization	servitization	NOUN
fbem-11825	42	23	level	level	NOUN
fbem-11825	42	24	and	and	CCONJ
fbem-11825	42	25	several	several	ADJ
fbem-11825	42	26	control	control	NOUN
fbem-11825	42	27	variables	variable	NOUN
fbem-11825	42	28	.	.	PUNCT
fbem-11825	43	1	ititit	ititit	PROPN
fbem-11825	43	2	digserve	digserve	PROPN
fbem-11825	43	3			PROPN
fbem-11825	43	4			PUNCT
fbem-11825	43	5	1	1	NUM
fbem-11825	43	6	(	(	PUNCT
fbem-11825	43	7	model3	model3	NOUN
fbem-11825	43	8	)	)	PUNCT
fbem-11825	43	9	itititititititit	itititititititit	PROPN
fbem-11825	43	10	growthtoplevsizeservedigroa	growthtoplevsizeservedigroa	PROPN
fbem-11825	43	11			PROPN
fbem-11825	43	12			PROPN
fbem-11825	43	13	654321	654321	NUM
fbem-11825	43	14	1	1	NUM
fbem-11825	43	15	(	(	PUNCT
fbem-11825	43	16	model4	model4	NOUN
fbem-11825	43	17	)	)	PUNCT
fbem-11825	43	18	4	4	NUM
fbem-11825	43	19	.	.	PUNCT
fbem-11825	43	20	empirical	empirical	ADJ
fbem-11825	43	21	tests	test	NOUN
fbem-11825	43	22	and	and	CCONJ
fbem-11825	43	23	analysis	analysis	NOUN
fbem-11825	43	24	of	of	ADP
fbem-11825	43	25	results	result	NOUN
fbem-11825	43	26	4.1	4.1	NUM
fbem-11825	43	27	.	.	PUNCT
fbem-11825	44	1	descriptive	descriptive	ADJ
fbem-11825	44	2	statistics	statistic	NOUN
fbem-11825	44	3	in	in	ADP
fbem-11825	44	4	this	this	DET
fbem-11825	44	5	paper	paper	NOUN
fbem-11825	44	6	,	,	PUNCT
fbem-11825	44	7	descriptive	descriptive	ADJ
fbem-11825	44	8	statistical	statistical	ADJ
fbem-11825	44	9	analyses	analysis	NOUN
fbem-11825	44	10	of	of	ADP
fbem-11825	44	11	the	the	DET
fbem-11825	44	12	explained	explain	VERB
fbem-11825	44	13	variables	variable	NOUN
fbem-11825	44	14	firm	firm	ADJ
fbem-11825	44	15	performance	performance	NOUN
fbem-11825	44	16	,	,	PUNCT
fbem-11825	44	17	explanatory	explanatory	ADJ
fbem-11825	44	18	variables	variable	NOUN
fbem-11825	44	19	digital	digital	ADJ
fbem-11825	44	20	transformation	transformation	NOUN
fbem-11825	44	21	and	and	CCONJ
fbem-11825	44	22	control	control	NOUN
fbem-11825	44	23	variables	variable	NOUN
fbem-11825	44	24	indicators	indicator	NOUN
fbem-11825	44	25	were	be	AUX
fbem-11825	44	26	conducted	conduct	VERB
fbem-11825	44	27	as	as	SCONJ
fbem-11825	44	28	follows	follow	VERB
fbem-11825	44	29	:	:	PUNCT
fbem-11825	44	30	table	table	NOUN
fbem-11825	44	31	2	2	NUM
fbem-11825	44	32	.	.	PUNCT
fbem-11825	44	33	descriptive	descriptive	ADJ
fbem-11825	44	34	statistics	statistic	NOUN
fbem-11825	44	35	variable	variable	ADJ
fbem-11825	44	36	mean	mean	VERB
fbem-11825	44	37	std	std	PROPN
fbem-11825	44	38	.	.	PROPN
fbem-11825	45	1	dev	dev	PROPN
fbem-11825	45	2	.	.	PUNCT
fbem-11825	46	1	min	min	PROPN
fbem-11825	46	2	max	max	PROPN
fbem-11825	46	3	observations	observation	NOUN
fbem-11825	46	4	roa	roa	VERB
fbem-11825	46	5	0.0448	0.0448	NUM
fbem-11825	46	6	0.0725	0.0725	NUM
fbem-11825	46	7	-0.2529	-0.2529	NOUN
fbem-11825	47	1	0.2427	0.2427	NUM
fbem-11825	47	2	7350	7350	NUM
fbem-11825	47	3	roe	roe	NOUN
fbem-11825	47	4	0.0666	0.0666	NUM
fbem-11825	47	5	0.1276	0.1276	NUM
fbem-11825	47	6	-0.5325	-0.5325	NOUN
fbem-11825	47	7	0.3556	0.3556	NUM
fbem-11825	47	8	7350	7350	NUM
fbem-11825	47	9	dig	dig	VERB
fbem-11825	47	10	0.1739	0.1739	NUM
fbem-11825	47	11	0.1090	0.1090	NUM
fbem-11825	47	12	0.0118	0.0118	NUM
fbem-11825	47	13	0.6109	0.6109	NUM
fbem-11825	47	14	7350	7350	NUM
fbem-11825	47	15	serve	serve	VERB
fbem-11825	47	16	0.1739	0.1739	NUM
fbem-11825	47	17	0.1075	0.1075	NUM
fbem-11825	47	18	0.0199	0.0199	NUM
fbem-11825	47	19	0.5475	0.5475	NUM
fbem-11825	47	20	7350	7350	NUM
fbem-11825	47	21	size	size	NOUN
fbem-11825	47	22	22.1974	22.1974	NUM
fbem-11825	47	23	1.1577	1.1577	NUM
fbem-11825	47	24	20.1403	20.1403	NUM
fbem-11825	47	25	25.8610	25.8610	NUM
fbem-11825	47	26	7350	7350	NUM
fbem-11825	47	27	lev	lev	NOUN
fbem-11825	47	28	0.3912	0.3912	NUM
fbem-11825	47	29	0.1733	0.1733	NUM
fbem-11825	47	30	0.0685	0.0685	NUM
fbem-11825	47	31	0.7977	0.7977	NUM
fbem-11825	47	32	7350	7350	NUM
fbem-11825	47	33	growth	growth	NOUN
fbem-11825	47	34	-1.0265	-1.0265	NOUN
fbem-11825	47	35	6.5384	6.5384	NUM
fbem-11825	47	36	-45.4974	-45.4974	SYM
fbem-11825	47	37	17.0923	17.0923	NUM
fbem-11825	47	38	7350	7350	NUM
fbem-11825	47	39	top1	top1	PROPN
fbem-11825	47	40	0.3144	0.3144	NUM
fbem-11825	47	41	0.1364	0.1364	NUM
fbem-11825	47	42	0.0826	0.0826	NUM
fbem-11825	47	43	0.6770	0.6770	NUM
fbem-11825	47	44	7350	7350	NUM
fbem-11825	47	45	119	119	NUM
fbem-11825	47	46	4.2	4.2	NUM
fbem-11825	47	47	.	.	PUNCT
fbem-11825	48	1	relevance	relevance	NOUN
fbem-11825	48	2	analysis	analysis	NOUN
fbem-11825	48	3	in	in	ADP
fbem-11825	48	4	this	this	DET
fbem-11825	48	5	paper	paper	NOUN
fbem-11825	48	6	,	,	PUNCT
fbem-11825	48	7	the	the	DET
fbem-11825	48	8	relevance	relevance	NOUN
fbem-11825	48	9	analysis	analysis	NOUN
fbem-11825	48	10	of	of	ADP
fbem-11825	48	11	the	the	DET
fbem-11825	48	12	explained	explain	VERB
fbem-11825	48	13	variable	variable	ADJ
fbem-11825	48	14	firm	firm	ADJ
fbem-11825	48	15	performance	performance	NOUN
fbem-11825	48	16	,	,	PUNCT
fbem-11825	48	17	the	the	DET
fbem-11825	48	18	explanatory	explanatory	ADJ
fbem-11825	48	19	variable	variable	ADJ
fbem-11825	48	20	digital	digital	ADJ
fbem-11825	48	21	transformation	transformation	NOUN
fbem-11825	48	22	and	and	CCONJ
fbem-11825	48	23	the	the	DET
fbem-11825	48	24	control	control	NOUN
fbem-11825	48	25	variable	variable	ADJ
fbem-11825	48	26	indicators	indicator	NOUN
fbem-11825	48	27	were	be	AUX
fbem-11825	48	28	conducted	conduct	VERB
fbem-11825	48	29	as	as	SCONJ
fbem-11825	48	30	follows	follow	VERB
fbem-11825	48	31	:	:	PUNCT
fbem-11825	48	32	table	table	NOUN
fbem-11825	48	33	3	3	NUM
fbem-11825	48	34	.	.	PUNCT
fbem-11825	48	35	correlation	correlation	NOUN
fbem-11825	48	36	analysis	analysis	NOUN
fbem-11825	48	37	roa	roa	PROPN
fbem-11825	48	38	roe	roe	PROPN
fbem-11825	48	39	dig	dig	AUX
fbem-11825	48	40	serve	serve	VERB
fbem-11825	48	41	size	size	NOUN
fbem-11825	48	42	lev	lev	NOUN
fbem-11825	48	43	growth	growth	NOUN
fbem-11825	48	44	top1	top1	PROPN
fbem-11825	48	45	roa	roa	PROPN
fbem-11825	48	46	1	1	NUM
fbem-11825	48	47	roe	roe	PROPN
fbem-11825	48	48	0.941	0.941	NUM
fbem-11825	48	49	*	*	PUNCT
fbem-11825	49	1	*	*	PUNCT
fbem-11825	49	2	*	*	PUNCT
fbem-11825	49	3	1	1	NUM
fbem-11825	49	4	dig	dig	VERB
fbem-11825	49	5	0.014	0.014	NUM
fbem-11825	49	6	*	*	NOUN
fbem-11825	49	7	*	*	PUNCT
fbem-11825	49	8	*	*	PUNCT
fbem-11825	50	1	0.035	0.035	NUM
fbem-11825	50	2	*	*	PUNCT
fbem-11825	50	3	*	*	PUNCT
fbem-11825	50	4	*	*	SYM
fbem-11825	50	5	1	1	NUM
fbem-11825	50	6	serve	serve	VERB
fbem-11825	50	7	0.221	0.221	NUM
fbem-11825	50	8	*	*	PUNCT
fbem-11825	50	9	*	*	PUNCT
fbem-11825	50	10	*	*	PUNCT
fbem-11825	50	11	0.181	0.181	NUM
fbem-11825	50	12	*	*	PUNCT
fbem-11825	50	13	*	*	PUNCT
fbem-11825	50	14	*	*	PUNCT
fbem-11825	50	15	0.086	0.086	NUM
fbem-11825	50	16	*	*	PUNCT
fbem-11825	50	17	*	*	PUNCT
fbem-11825	50	18	*	*	SYM
fbem-11825	50	19	1	1	NUM
fbem-11825	50	20	size	size	NOUN
fbem-11825	50	21	0.086	0.086	NUM
fbem-11825	50	22	*	*	PUNCT
fbem-11825	50	23	*	*	PUNCT
fbem-11825	50	24	*	*	PUNCT
fbem-11825	50	25	0.164	0.164	NUM
fbem-11825	50	26	*	*	PUNCT
fbem-11825	50	27	*	*	PUNCT
fbem-11825	50	28	*	*	PUNCT
fbem-11825	50	29	-0.099	-0.099	PUNCT
fbem-11825	50	30	*	*	PUNCT
fbem-11825	50	31	*	*	PUNCT
fbem-11825	50	32	*	*	PUNCT
fbem-11825	51	1	-0.034	-0.034	PUNCT
fbem-11825	51	2	*	*	PUNCT
fbem-11825	51	3	*	*	PUNCT
fbem-11825	51	4	*	*	SYM
fbem-11825	51	5	1	1	NUM
fbem-11825	51	6	lev	lev	NOUN
fbem-11825	51	7	-0.348	-0.348	PROPN
fbem-11825	51	8	*	*	PUNCT
fbem-11825	52	1	*	*	PUNCT
fbem-11825	52	2	*	*	PUNCT
fbem-11825	52	3	-0.226	-0.226	PUNCT
fbem-11825	52	4	*	*	PUNCT
fbem-11825	52	5	*	*	PUNCT
fbem-11825	52	6	*	*	PUNCT
fbem-11825	52	7	-0.089	-0.089	ADJ
fbem-11825	52	8	*	*	PUNCT
fbem-11825	52	9	*	*	PUNCT
fbem-11825	52	10	*	*	PUNCT
fbem-11825	52	11	-0.262	-0.262	PUNCT
fbem-11825	52	12	*	*	PUNCT
fbem-11825	52	13	*	*	PUNCT
fbem-11825	52	14	*	*	PUNCT
fbem-11825	52	15	0.448	0.448	NUM
fbem-11825	52	16	*	*	PUNCT
fbem-11825	52	17	*	*	PUNCT
fbem-11825	52	18	*	*	PUNCT
fbem-11825	52	19	1	1	NUM
fbem-11825	52	20	growth	growth	NOUN
fbem-11825	52	21	0.461	0.461	NUM
fbem-11825	52	22	*	*	PUNCT
fbem-11825	52	23	*	*	PUNCT
fbem-11825	52	24	*	*	PUNCT
fbem-11825	52	25	0.521	0.521	NUM
fbem-11825	52	26	*	*	PUNCT
fbem-11825	52	27	*	*	PUNCT
fbem-11825	52	28	*	*	PUNCT
fbem-11825	52	29	0.015	0.015	NUM
fbem-11825	52	30	0.064	0.064	NUM
fbem-11825	52	31	*	*	PUNCT
fbem-11825	52	32	*	*	PUNCT
fbem-11825	52	33	*	*	PUNCT
fbem-11825	52	34	0.028	0.028	NUM
fbem-11825	52	35	*	*	X
fbem-11825	52	36	*	*	PUNCT
fbem-11825	52	37	-0.092	-0.092	PUNCT
fbem-11825	52	38	*	*	PUNCT
fbem-11825	52	39	*	*	PUNCT
fbem-11825	52	40	*	*	SYM
fbem-11825	52	41	1	1	NUM
fbem-11825	52	42	top1	top1	NOUN
fbem-11825	52	43	0.174	0.174	NUM
fbem-11825	52	44	*	*	PUNCT
fbem-11825	52	45	*	*	PUNCT
fbem-11825	52	46	*	*	PUNCT
fbem-11825	52	47	0.171	0.171	NUM
fbem-11825	52	48	*	*	PUNCT
fbem-11825	52	49	*	*	PUNCT
fbem-11825	52	50	*	*	PUNCT
fbem-11825	52	51	-0.141	-0.141	PUNCT
fbem-11825	52	52	*	*	PUNCT
fbem-11825	52	53	*	*	PUNCT
fbem-11825	52	54	*	*	PUNCT
fbem-11825	52	55	0.086	0.086	NUM
fbem-11825	52	56	*	*	PUNCT
fbem-11825	52	57	*	*	PUNCT
fbem-11825	52	58	*	*	PUNCT
fbem-11825	52	59	0.060	0.060	NUM
fbem-11825	52	60	*	*	PUNCT
fbem-11825	52	61	*	*	PUNCT
fbem-11825	52	62	*	*	PUNCT
fbem-11825	52	63	-0.056	-0.056	PUNCT
fbem-11825	52	64	*	*	PUNCT
fbem-11825	52	65	*	*	PUNCT
fbem-11825	52	66	*	*	PUNCT
fbem-11825	52	67	0.098	0.098	NUM
fbem-11825	52	68	*	*	PUNCT
fbem-11825	52	69	*	*	PUNCT
fbem-11825	52	70	*	*	PUNCT
fbem-11825	52	71	1	1	NUM
fbem-11825	52	72	from	from	ADP
fbem-11825	52	73	the	the	DET
fbem-11825	52	74	above	above	ADJ
fbem-11825	52	75	table	table	NOUN
fbem-11825	52	76	,	,	PUNCT
fbem-11825	52	77	it	it	PRON
fbem-11825	52	78	is	be	AUX
fbem-11825	52	79	clear	clear	ADJ
fbem-11825	52	80	that	that	SCONJ
fbem-11825	52	81	the	the	DET
fbem-11825	52	82	relevance	relevance	NOUN
fbem-11825	52	83	coefficient	coefficient	NOUN
fbem-11825	52	84	between	between	ADP
fbem-11825	52	85	roa	roa	NOUN
fbem-11825	52	86	and	and	CCONJ
fbem-11825	52	87	dig	dig	VERB
fbem-11825	52	88	is	be	AUX
fbem-11825	52	89	0.014	0.014	NUM
fbem-11825	52	90	the	the	DET
fbem-11825	52	91	relevance	relevance	NOUN
fbem-11825	52	92	coefficient	coefficient	NOUN
fbem-11825	52	93	between	between	ADP
fbem-11825	52	94	roa	roa	NOUN
fbem-11825	52	95	and	and	CCONJ
fbem-11825	52	96	serve	serve	VERB
fbem-11825	52	97	is	be	AUX
fbem-11825	52	98	0.221	0.221	NUM
fbem-11825	52	99	the	the	DET
fbem-11825	52	100	relevance	relevance	NOUN
fbem-11825	52	101	coefficient	coefficient	NOUN
fbem-11825	52	102	between	between	ADP
fbem-11825	52	103	roa	roa	NOUN
fbem-11825	52	104	and	and	CCONJ
fbem-11825	52	105	size	size	NOUN
fbem-11825	52	106	is	be	AUX
fbem-11825	52	107	0.086	0.086	NUM
fbem-11825	52	108	the	the	DET
fbem-11825	52	109	relevance	relevance	NOUN
fbem-11825	52	110	coefficient	coefficient	NOUN
fbem-11825	52	111	between	between	ADP
fbem-11825	52	112	roa	roa	NOUN
fbem-11825	52	113	and	and	CCONJ
fbem-11825	52	114	lev	lev	NOUN
fbem-11825	52	115	is	be	AUX
fbem-11825	52	116	-0.348	-0.348	PROPN
fbem-11825	52	117	the	the	DET
fbem-11825	52	118	relevance	relevance	NOUN
fbem-11825	52	119	coefficient	coefficient	NOUN
fbem-11825	52	120	between	between	ADP
fbem-11825	52	121	roa	roa	NOUN
fbem-11825	52	122	and	and	CCONJ
fbem-11825	52	123	growth	growth	NOUN
fbem-11825	52	124	is	be	AUX
fbem-11825	52	125	0.461	0.461	NUM
fbem-11825	52	126	the	the	DET
fbem-11825	52	127	relevance	relevance	NOUN
fbem-11825	52	128	coefficient	coefficient	NOUN
fbem-11825	52	129	between	between	ADP
fbem-11825	52	130	roa	roa	PROPN
fbem-11825	52	131	and	and	CCONJ
fbem-11825	52	132	top1	top1	PROPN
fbem-11825	52	133	is	be	AUX
fbem-11825	52	134	0.174	0.174	NUM
fbem-11825	52	135	and	and	CCONJ
fbem-11825	52	136	all	all	DET
fbem-11825	52	137	those	those	PRON
fbem-11825	52	138	are	be	AUX
fbem-11825	52	139	significant	significant	ADJ
fbem-11825	52	140	at	at	ADP
fbem-11825	52	141	the	the	DET
fbem-11825	52	142	1	1	NUM
fbem-11825	52	143	%	%	NOUN
fbem-11825	52	144	level	level	NOUN
fbem-11825	52	145	4.3	4.3	NUM
fbem-11825	52	146	.	.	PUNCT
fbem-11825	53	1	multicollinearity	multicollinearity	NOUN
fbem-11825	53	2	test	test	NOUN
fbem-11825	53	3	one	one	NUM
fbem-11825	53	4	of	of	ADP
fbem-11825	53	5	the	the	DET
fbem-11825	53	6	assumptions	assumption	NOUN
fbem-11825	53	7	of	of	ADP
fbem-11825	53	8	multiple	multiple	ADJ
fbem-11825	53	9	linear	linear	ADJ
fbem-11825	53	10	regression	regression	NOUN
fbem-11825	53	11	is	be	AUX
fbem-11825	53	12	that	that	SCONJ
fbem-11825	53	13	there	there	PRON
fbem-11825	53	14	has	have	VERB
fbem-11825	53	15	no	no	DET
fbem-11825	53	16	high	high	ADJ
fbem-11825	53	17	relevance	relevance	NOUN
fbem-11825	53	18	among	among	ADP
fbem-11825	53	19	explanatory	explanatory	ADJ
fbem-11825	53	20	variables	variable	NOUN
fbem-11825	53	21	,	,	PUNCT
fbem-11825	53	22	otherwise	otherwise	ADV
fbem-11825	53	23	when	when	SCONJ
fbem-11825	53	24	there	there	PRON
fbem-11825	53	25	has	have	VERB
fbem-11825	53	26	a	a	DET
fbem-11825	53	27	relevance	relevance	NOUN
fbem-11825	53	28	between	between	ADP
fbem-11825	53	29	the	the	DET
fbem-11825	53	30	data	datum	NOUN
fbem-11825	53	31	,	,	PUNCT
fbem-11825	53	32	the	the	DET
fbem-11825	53	33	analysis	analysis	NOUN
fbem-11825	53	34	results	result	NOUN
fbem-11825	53	35	will	will	AUX
fbem-11825	53	36	be	be	AUX
fbem-11825	53	37	biased	bias	VERB
fbem-11825	53	38	.	.	PUNCT
fbem-11825	54	1	therefore	therefore	ADV
fbem-11825	54	2	,	,	PUNCT
fbem-11825	54	3	in	in	ADP
fbem-11825	54	4	this	this	DET
fbem-11825	54	5	paper	paper	NOUN
fbem-11825	54	6	,	,	PUNCT
fbem-11825	54	7	a	a	DET
fbem-11825	54	8	multiple	multiple	ADJ
fbem-11825	54	9	cointegration	cointegration	NOUN
fbem-11825	54	10	test	test	NOUN
fbem-11825	54	11	was	be	AUX
fbem-11825	54	12	conducted	conduct	VERB
fbem-11825	54	13	before	before	ADP
fbem-11825	54	14	multiple	multiple	ADJ
fbem-11825	54	15	regression	regression	NOUN
fbem-11825	54	16	,	,	PUNCT
fbem-11825	54	17	and	and	CCONJ
fbem-11825	54	18	the	the	DET
fbem-11825	54	19	test	test	NOUN
fbem-11825	54	20	results	result	NOUN
fbem-11825	54	21	were	be	AUX
fbem-11825	54	22	as	as	SCONJ
fbem-11825	54	23	follows	follow	VERB
fbem-11825	54	24	:	:	PUNCT
fbem-11825	54	25	table	table	NOUN
fbem-11825	54	26	4	4	NUM
fbem-11825	54	27	.	.	PUNCT
fbem-11825	54	28	multicollinearity	multicollinearity	NOUN
fbem-11825	54	29	test	test	NOUN
fbem-11825	54	30	variable	variable	NOUN
fbem-11825	54	31	vif	vif	NOUN
fbem-11825	54	32	1	1	NUM
fbem-11825	54	33	/	/	SYM
fbem-11825	54	34	vif	vif	NOUN
fbem-11825	54	35	lev	lev	NOUN
fbem-11825	54	36	1.32	1.32	NUM
fbem-11825	54	37	0.755574	0.755574	NUM
fbem-11825	54	38	size	size	NOUN
fbem-11825	54	39	1.31	1.31	NUM
fbem-11825	54	40	0.762472	0.762472	NUM
fbem-11825	54	41	top1	top1	NOUN
fbem-11825	54	42	1.04	1.04	NUM
fbem-11825	54	43	0.962492	0.962492	NUM
fbem-11825	54	44	dig	dig	VERB
fbem-11825	54	45	1.04	1.04	NUM
fbem-11825	54	46	0.964568	0.964568	NUM
fbem-11825	54	47	growth	growth	NOUN
fbem-11825	54	48	1.02	1.02	NUM
fbem-11825	54	49	0.976187	0.976187	NUM
fbem-11825	54	50	mean	mean	NOUN
fbem-11825	54	51	vif	vif	NOUN
fbem-11825	54	52	1.15	1.15	NUM
fbem-11825	54	53	as	as	SCONJ
fbem-11825	54	54	can	can	AUX
fbem-11825	54	55	be	be	AUX
fbem-11825	54	56	seen	see	VERB
fbem-11825	54	57	from	from	ADP
fbem-11825	54	58	the	the	DET
fbem-11825	54	59	above	above	ADJ
fbem-11825	54	60	table	table	NOUN
fbem-11825	54	61	,	,	PUNCT
fbem-11825	54	62	the	the	DET
fbem-11825	54	63	expansion	expansion	NOUN
fbem-11825	54	64	factor	factor	NOUN
fbem-11825	54	65	of	of	ADP
fbem-11825	54	66	the	the	DET
fbem-11825	54	67	explanatory	explanatory	ADJ
fbem-11825	54	68	variable	variable	NOUN
fbem-11825	54	69	digitized	digitize	VERB
fbem-11825	54	70	transformation	transformation	NOUN
fbem-11825	54	71	dig	dig	VERB
fbem-11825	54	72	and	and	CCONJ
fbem-11825	54	73	a	a	DET
fbem-11825	54	74	number	number	NOUN
fbem-11825	54	75	of	of	ADP
fbem-11825	54	76	control	control	NOUN
fbem-11825	54	77	variables	variable	NOUN
fbem-11825	54	78	is	be	AUX
fbem-11825	54	79	less	less	ADJ
fbem-11825	54	80	than	than	ADP
fbem-11825	54	81	5	5	NUM
fbem-11825	54	82	,	,	PUNCT
fbem-11825	54	83	which	which	PRON
fbem-11825	54	84	indicates	indicate	VERB
fbem-11825	54	85	that	that	SCONJ
fbem-11825	54	86	there	there	PRON
fbem-11825	54	87	is	be	VERB
fbem-11825	54	88	no	no	DET
fbem-11825	54	89	high	high	ADJ
fbem-11825	54	90	relevance	relevance	NOUN
fbem-11825	54	91	among	among	ADP
fbem-11825	54	92	the	the	DET
fbem-11825	54	93	variables	variable	NOUN
fbem-11825	54	94	,	,	PUNCT
fbem-11825	54	95	i.e.	i.e.	X
fbem-11825	54	96	,	,	PUNCT
fbem-11825	54	97	there	there	PRON
fbem-11825	54	98	is	be	VERB
fbem-11825	54	99	no	no	DET
fbem-11825	54	100	serious	serious	ADJ
fbem-11825	54	101	collinearity	collinearity	NOUN
fbem-11825	54	102	problem	problem	NOUN
fbem-11825	54	103	,	,	PUNCT
fbem-11825	54	104	i.e.	i.e.	X
fbem-11825	54	105	,	,	PUNCT
fbem-11825	54	106	the	the	DET
fbem-11825	54	107	data	datum	NOUN
fbem-11825	54	108	taken	take	VERB
fbem-11825	54	109	in	in	ADP
fbem-11825	54	110	this	this	DET
fbem-11825	54	111	paper	paper	NOUN
fbem-11825	54	112	are	be	AUX
fbem-11825	54	113	valid	valid	ADJ
fbem-11825	54	114	and	and	CCONJ
fbem-11825	54	115	can	can	AUX
fbem-11825	54	116	be	be	AUX
fbem-11825	54	117	carried	carry	VERB
fbem-11825	54	118	out	out	ADP
fbem-11825	54	119	further	further	ADJ
fbem-11825	54	120	empirical	empirical	ADJ
fbem-11825	54	121	analysis	analysis	NOUN
fbem-11825	54	122	.	.	PUNCT
fbem-11825	55	1	4.4	4.4	NUM
fbem-11825	55	2	.	.	PUNCT
fbem-11825	55	3	effect	effect	NOUN
fbem-11825	55	4	model	model	NOUN
fbem-11825	55	5	in	in	ADP
fbem-11825	55	6	this	this	DET
fbem-11825	55	7	paper	paper	NOUN
fbem-11825	55	8	,	,	PUNCT
fbem-11825	55	9	we	we	PRON
fbem-11825	55	10	will	will	AUX
fbem-11825	55	11	determine	determine	VERB
fbem-11825	55	12	the	the	DET
fbem-11825	55	13	effect	effect	NOUN
fbem-11825	55	14	model	model	NOUN
fbem-11825	55	15	by	by	ADP
fbem-11825	55	16	lm	lm	X
fbem-11825	55	17	test	test	NOUN
fbem-11825	55	18	and	and	CCONJ
fbem-11825	55	19	hausman	hausman	ADJ
fbem-11825	55	20	test	test	NOUN
fbem-11825	55	21	.	.	PUNCT
fbem-11825	56	1	table	table	NOUN
fbem-11825	56	2	5	5	NUM
fbem-11825	56	3	.	.	PUNCT
fbem-11825	56	4	lm	lm	PROPN
fbem-11825	56	5	test	test	NOUN
fbem-11825	56	6	and	and	CCONJ
fbem-11825	56	7	hausman	hausman	PROPN
fbem-11825	56	8	test	test	NOUN
fbem-11825	56	9	test	test	NOUN
fbem-11825	56	10	chi2	chi2	PROPN
fbem-11825	56	11	value	value	NOUN
fbem-11825	56	12	p	p	NOUN
fbem-11825	56	13	value	value	NOUN
fbem-11825	56	14	lm	lm	X
fbem-11825	56	15	64.25	64.25	NUM
fbem-11825	56	16	0.0000	0.0000	NUM
fbem-11825	56	17	hausman	hausman	NOUN
fbem-11825	56	18	21.63	21.63	NUM
fbem-11825	56	19	0.0014	0.0014	NUM
fbem-11825	56	20	from	from	ADP
fbem-11825	56	21	the	the	DET
fbem-11825	56	22	above	above	ADJ
fbem-11825	56	23	table	table	NOUN
fbem-11825	56	24	,	,	PUNCT
fbem-11825	56	25	the	the	DET
fbem-11825	56	26	chi2	chi2	NOUN
fbem-11825	56	27	value	value	NOUN
fbem-11825	56	28	of	of	ADP
fbem-11825	56	29	64.25	64.25	NUM
fbem-11825	56	30	and	and	CCONJ
fbem-11825	56	31	p	p	NOUN
fbem-11825	56	32	-	-	PUNCT
fbem-11825	56	33	value	value	NOUN
fbem-11825	56	34	of	of	ADP
fbem-11825	56	35	0.0000	0.0000	NUM
fbem-11825	56	36	in	in	ADP
fbem-11825	56	37	the	the	DET
fbem-11825	56	38	lm	lm	ADJ
fbem-11825	56	39	test	test	NOUN
fbem-11825	56	40	results	result	NOUN
fbem-11825	56	41	indicate	indicate	VERB
fbem-11825	56	42	that	that	SCONJ
fbem-11825	56	43	the	the	DET
fbem-11825	56	44	random	random	ADJ
fbem-11825	56	45	effect	effect	NOUN
fbem-11825	56	46	is	be	AUX
fbem-11825	56	47	better	well	ADJ
fbem-11825	56	48	than	than	ADP
fbem-11825	56	49	the	the	DET
fbem-11825	56	50	mixed	mixed	ADJ
fbem-11825	56	51	regression	regression	NOUN
fbem-11825	56	52	.	.	PUNCT
fbem-11825	57	1	then	then	ADV
fbem-11825	57	2	from	from	ADP
fbem-11825	57	3	the	the	DET
fbem-11825	57	4	table	table	NOUN
fbem-11825	57	5	,	,	PUNCT
fbem-11825	57	6	the	the	DET
fbem-11825	57	7	results	result	NOUN
fbem-11825	57	8	of	of	ADP
fbem-11825	57	9	hausman	hausman	ADJ
fbem-11825	57	10	test	test	NOUN
fbem-11825	57	11	,	,	PUNCT
fbem-11825	57	12	chi2	chi2	NOUN
fbem-11825	57	13	value	value	NOUN
fbem-11825	57	14	is	be	AUX
fbem-11825	57	15	21.63	21.63	NUM
fbem-11825	57	16	and	and	CCONJ
fbem-11825	57	17	the	the	DET
fbem-11825	57	18	p	p	NOUN
fbem-11825	57	19	-	-	PUNCT
fbem-11825	57	20	value	value	NOUN
fbem-11825	57	21	is	be	AUX
fbem-11825	57	22	0.0014<0.01	0.0014<0.01	NUM
fbem-11825	57	23	,	,	PUNCT
fbem-11825	57	24	which	which	PRON
fbem-11825	57	25	indicates	indicate	VERB
fbem-11825	57	26	that	that	SCONJ
fbem-11825	57	27	the	the	DET
fbem-11825	57	28	fixed	fix	VERB
fbem-11825	57	29	effect	effect	NOUN
fbem-11825	57	30	is	be	AUX
fbem-11825	57	31	better	well	ADJ
fbem-11825	57	32	than	than	ADP
fbem-11825	57	33	the	the	DET
fbem-11825	57	34	random	random	ADJ
fbem-11825	57	35	effect	effect	NOUN
fbem-11825	57	36	.	.	PUNCT
fbem-11825	58	1	so	so	ADV
fbem-11825	58	2	this	this	DET
fbem-11825	58	3	paper	paper	NOUN
fbem-11825	58	4	should	should	AUX
fbem-11825	58	5	use	use	VERB
fbem-11825	58	6	fixed	fix	VERB
fbem-11825	58	7	effect	effect	NOUN
fbem-11825	58	8	model	model	NOUN
fbem-11825	58	9	.	.	PUNCT
fbem-11825	59	1	4.5	4.5	NUM
fbem-11825	59	2	.	.	PUNCT
fbem-11825	60	1	basis	basis	NOUN
fbem-11825	60	2	regression	regression	NOUN
fbem-11825	60	3	and	and	CCONJ
fbem-11825	60	4	robustness	robustness	NOUN
fbem-11825	60	5	test	test	NOUN
fbem-11825	60	6	in	in	ADP
fbem-11825	60	7	this	this	DET
fbem-11825	60	8	paper	paper	NOUN
fbem-11825	60	9	,	,	PUNCT
fbem-11825	60	10	multiple	multiple	ADJ
fbem-11825	60	11	linear	linear	NOUN
fbem-11825	60	12	regressions	regression	NOUN
fbem-11825	60	13	will	will	AUX
fbem-11825	60	14	be	be	AUX
fbem-11825	60	15	conducted	conduct	VERB
fbem-11825	60	16	for	for	ADP
fbem-11825	60	17	model1	model1	PROPN
fbem-11825	60	18	and	and	CCONJ
fbem-11825	60	19	model2	model2	NOUN
fbem-11825	60	20	respectively	respectively	ADV
fbem-11825	60	21	using	use	VERB
fbem-11825	60	22	fixed	fix	VERB
fbem-11825	60	23	effects	effect	NOUN
fbem-11825	60	24	model.roa	model.roa	NOUN
fbem-11825	60	25	indicator	indicator	NOUN
fbem-11825	60	26	is	be	AUX
fbem-11825	60	27	used	use	VERB
fbem-11825	60	28	as	as	SCONJ
fbem-11825	60	29	the	the	DET
fbem-11825	60	30	base	base	NOUN
fbem-11825	60	31	regression	regression	NOUN
fbem-11825	60	32	model	model	NOUN
fbem-11825	60	33	for	for	ADP
fbem-11825	60	34	the	the	DET
fbem-11825	60	35	explanatory	explanatory	ADJ
fbem-11825	60	36	variable	variable	ADJ
fbem-11825	60	37	firm	firm	ADJ
fbem-11825	60	38	performance	performance	NOUN
fbem-11825	60	39	in	in	ADP
fbem-11825	60	40	model1.roe	model1.roe	PROPN
fbem-11825	60	41	indicator	indicator	NOUN
fbem-11825	60	42	is	be	AUX
fbem-11825	60	43	used	use	VERB
fbem-11825	60	44	as	as	ADP
fbem-11825	60	45	the	the	DET
fbem-11825	60	46	robustness	robustness	NOUN
fbem-11825	60	47	check	check	NOUN
fbem-11825	60	48	model	model	NOUN
fbem-11825	60	49	for	for	ADP
fbem-11825	60	50	the	the	DET
fbem-11825	60	51	explanatory	explanatory	ADJ
fbem-11825	60	52	variable	variable	ADJ
fbem-11825	60	53	firm	firm	ADJ
fbem-11825	60	54	performance	performance	NOUN
fbem-11825	60	55	in	in	ADP
fbem-11825	60	56	model2	model2	PROPN
fbem-11825	60	57	.	.	PUNCT
fbem-11825	61	1	the	the	DET
fbem-11825	61	2	specific	specific	ADJ
fbem-11825	61	3	regression	regression	NOUN
fbem-11825	61	4	results	result	NOUN
fbem-11825	61	5	are	be	AUX
fbem-11825	61	6	as	as	SCONJ
fbem-11825	61	7	follows	follow	VERB
fbem-11825	61	8	:	:	PUNCT
fbem-11825	61	9	120	120	NUM
fbem-11825	61	10	table	table	NOUN
fbem-11825	61	11	6	6	NUM
fbem-11825	61	12	.	.	PUNCT
fbem-11825	61	13	base	base	NOUN
fbem-11825	61	14	regression	regression	NOUN
fbem-11825	61	15	and	and	CCONJ
fbem-11825	61	16	robustness	robustness	NOUN
fbem-11825	61	17	test	test	NOUN
fbem-11825	61	18	model1	model1	NOUN
fbem-11825	62	1	model2	model2	PROPN
fbem-11825	62	2	roa	roa	PROPN
fbem-11825	62	3	roe	roe	PROPN
fbem-11825	62	4	dig	dig	VERB
fbem-11825	62	5	0.0009	0.0009	NUM
fbem-11825	62	6	*	*	NOUN
fbem-11825	62	7	0.0009	0.0009	NUM
fbem-11825	62	8	*	*	SYM
fbem-11825	62	9	(	(	PUNCT
fbem-11825	62	10	2.06	2.06	NUM
fbem-11825	62	11	)	)	PUNCT
fbem-11825	62	12	(	(	PUNCT
fbem-11825	62	13	2.03	2.03	NUM
fbem-11825	62	14	)	)	PUNCT
fbem-11825	62	15	size	size	NOUN
fbem-11825	62	16	0.0168	0.0168	NUM
fbem-11825	62	17	*	*	NOUN
fbem-11825	62	18	*	*	PUNCT
fbem-11825	62	19	*	*	PUNCT
fbem-11825	62	20	0.0347	0.0347	PUNCT
fbem-11825	62	21	*	*	PUNCT
fbem-11825	62	22	*	*	PUNCT
fbem-11825	62	23	*	*	PUNCT
fbem-11825	62	24	(	(	PUNCT
fbem-11825	62	25	8.49	8.49	NUM
fbem-11825	62	26	)	)	PUNCT
fbem-11825	62	27	(	(	PUNCT
fbem-11825	62	28	10.05	10.05	NUM
fbem-11825	62	29	)	)	PUNCT
fbem-11825	62	30	lev	lev	NOUN
fbem-11825	62	31	-0.1162	-0.1162	NOUN
fbem-11825	62	32	*	*	PROPN
fbem-11825	62	33	*	*	PUNCT
fbem-11825	62	34	*	*	NOUN
fbem-11825	62	35	-0.1067	-0.1067	NOUN
fbem-11825	62	36	*	*	PUNCT
fbem-11825	62	37	*	*	PUNCT
fbem-11825	62	38	*	*	PUNCT
fbem-11825	62	39	(	(	PUNCT
fbem-11825	62	40	-14.02	-14.02	NOUN
fbem-11825	62	41	)	)	PUNCT
fbem-11825	62	42	(	(	PUNCT
fbem-11825	62	43	-7.38	-7.38	NOUN
fbem-11825	62	44	)	)	PUNCT
fbem-11825	62	45	growth	growth	NOUN
fbem-11825	62	46	0.0035	0.0035	NUM
fbem-11825	62	47	*	*	PUNCT
fbem-11825	62	48	*	*	PUNCT
fbem-11825	62	49	*	*	PUNCT
fbem-11825	63	1	0.0068	0.0068	NUM
fbem-11825	63	2	*	*	PUNCT
fbem-11825	63	3	*	*	PUNCT
fbem-11825	63	4	*	*	PUNCT
fbem-11825	63	5	(	(	PUNCT
fbem-11825	63	6	41.16	41.16	NUM
fbem-11825	63	7	)	)	PUNCT
fbem-11825	63	8	(	(	PUNCT
fbem-11825	63	9	45.75	45.75	NUM
fbem-11825	63	10	)	)	PUNCT
fbem-11825	63	11	top1	top1	PROPN
fbem-11825	63	12	0.0393	0.0393	NUM
fbem-11825	63	13	*	*	PUNCT
fbem-11825	63	14	*	*	PUNCT
fbem-11825	63	15	*	*	PUNCT
fbem-11825	63	16	0.0698	0.0698	NUM
fbem-11825	63	17	*	*	PUNCT
fbem-11825	63	18	*	*	PUNCT
fbem-11825	63	19	*	*	PUNCT
fbem-11825	63	20	(	(	PUNCT
fbem-11825	63	21	2.75	2.75	NUM
fbem-11825	63	22	)	)	PUNCT
fbem-11825	63	23	(	(	PUNCT
fbem-11825	63	24	2.80	2.80	NUM
fbem-11825	63	25	)	)	PUNCT
fbem-11825	64	1	_	_	NOUN
fbem-11825	64	2	cons	con	NOUN
fbem-11825	64	3	-0.2809	-0.2809	NOUN
fbem-11825	64	4	*	*	PUNCT
fbem-11825	64	5	*	*	PUNCT
fbem-11825	64	6	*	*	VERB
fbem-11825	64	7	-0.6565	-0.6565	NOUN
fbem-11825	65	1	*	*	PUNCT
fbem-11825	65	2	*	*	PUNCT
fbem-11825	65	3	*	*	PUNCT
fbem-11825	65	4	(	(	PUNCT
fbem-11825	65	5	-6.32	-6.32	NUM
fbem-11825	65	6	)	)	PUNCT
fbem-11825	65	7	(	(	PUNCT
fbem-11825	65	8	-8.47	-8.47	NOUN
fbem-11825	65	9	)	)	PUNCT
fbem-11825	65	10	r2	r2	PROPN
fbem-11825	65	11	0.299	0.299	NUM
fbem-11825	65	12	0.323	0.323	NUM
fbem-11825	65	13	adj	adj	X
fbem-11825	65	14	.	.	PUNCT
fbem-11825	65	15	r2	r2	PROPN
fbem-11825	65	16	0.093	0.093	NUM
fbem-11825	65	17	0.124	0.124	NUM
fbem-11825	66	1	f	f	PROPN
fbem-11825	66	2	425.8046	425.8046	NUM
fbem-11825	66	3	474.6537	474.6537	NUM
fbem-11825	66	4	n	n	PRON
fbem-11825	66	5	6450	6450	NUM
fbem-11825	66	6	6450	6450	NUM
fbem-11825	66	7	t	t	NOUN
fbem-11825	66	8	statistics	statistic	NOUN
fbem-11825	66	9	in	in	ADP
fbem-11825	66	10	parentheses	parenthesis	NOUN
fbem-11825	66	11	*	*	PUNCT
fbem-11825	66	12	p	p	X
fbem-11825	66	13	<	<	X
fbem-11825	66	14	0.10	0.10	NUM
fbem-11825	66	15	,	,	PUNCT
fbem-11825	66	16	*	*	PUNCT
fbem-11825	66	17	*	*	PUNCT
fbem-11825	66	18	p	p	X
fbem-11825	66	19	<	<	X
fbem-11825	66	20	0.05	0.05	NUM
fbem-11825	66	21	,	,	PUNCT
fbem-11825	66	22	*	*	PUNCT
fbem-11825	66	23	*	*	PUNCT
fbem-11825	66	24	*	*	PUNCT
fbem-11825	66	25	p	p	X
fbem-11825	66	26	<	<	X
fbem-11825	66	27	0.01	0.01	NUM
fbem-11825	66	28	as	as	SCONJ
fbem-11825	66	29	can	can	AUX
fbem-11825	66	30	be	be	AUX
fbem-11825	66	31	seen	see	VERB
fbem-11825	66	32	from	from	ADP
fbem-11825	66	33	the	the	DET
fbem-11825	66	34	regression	regression	NOUN
fbem-11825	66	35	results	result	NOUN
fbem-11825	66	36	of	of	ADP
fbem-11825	66	37	model1	model1	PROPN
fbem-11825	66	38	,	,	PUNCT
fbem-11825	66	39	the	the	DET
fbem-11825	66	40	regression	regression	NOUN
fbem-11825	66	41	coefficient	coefficient	NOUN
fbem-11825	66	42	of	of	ADP
fbem-11825	66	43	dig	dig	NOUN
fbem-11825	66	44	is	be	AUX
fbem-11825	66	45	0.0009	0.0009	NUM
fbem-11825	66	46	and	and	CCONJ
fbem-11825	66	47	the	the	DET
fbem-11825	66	48	t	t	NOUN
fbem-11825	66	49	-	-	PUNCT
fbem-11825	66	50	value	value	NOUN
fbem-11825	66	51	is	be	AUX
fbem-11825	66	52	2.06	2.06	NUM
fbem-11825	66	53	,	,	PUNCT
fbem-11825	66	54	with	with	ADP
fbem-11825	66	55	a	a	DET
fbem-11825	66	56	significant	significant	ADJ
fbem-11825	66	57	positive	positive	ADJ
fbem-11825	66	58	relevance	relevance	NOUN
fbem-11825	66	59	at	at	ADP
fbem-11825	66	60	the	the	DET
fbem-11825	66	61	level	level	NOUN
fbem-11825	66	62	of	of	ADP
fbem-11825	66	63	10	10	NUM
fbem-11825	66	64	%	%	NOUN
fbem-11825	66	65	.	.	PUNCT
fbem-11825	67	1	it	it	PRON
fbem-11825	67	2	illustrates	illustrate	VERB
fbem-11825	67	3	that	that	SCONJ
fbem-11825	67	4	the	the	PRON
fbem-11825	67	5	deeper	deep	ADJ
fbem-11825	67	6	the	the	DET
fbem-11825	67	7	extent	extent	NOUN
fbem-11825	67	8	of	of	ADP
fbem-11825	67	9	digital	digital	ADJ
fbem-11825	67	10	transformation	transformation	NOUN
fbem-11825	67	11	of	of	ADP
fbem-11825	67	12	manufacturing	manufacturing	NOUN
fbem-11825	67	13	enterprises	enterprise	NOUN
fbem-11825	67	14	in	in	ADP
fbem-11825	67	15	china	china	PROPN
fbem-11825	67	16	,	,	PUNCT
fbem-11825	67	17	the	the	PRON
fbem-11825	67	18	higher	high	ADJ
fbem-11825	67	19	the	the	DET
fbem-11825	67	20	level	level	NOUN
fbem-11825	67	21	of	of	ADP
fbem-11825	67	22	their	their	PRON
fbem-11825	67	23	corporate	corporate	ADJ
fbem-11825	67	24	performance	performance	NOUN
fbem-11825	67	25	.	.	PUNCT
fbem-11825	68	1	the	the	DET
fbem-11825	68	2	explanation	explanation	NOUN
fbem-11825	68	3	for	for	ADP
fbem-11825	68	4	this	this	DET
fbem-11825	68	5	result	result	NOUN
fbem-11825	68	6	is	be	AUX
fbem-11825	68	7	as	as	SCONJ
fbem-11825	68	8	follows	follow	VERB
fbem-11825	68	9	,	,	PUNCT
fbem-11825	68	10	the	the	DET
fbem-11825	68	11	increased	increase	VERB
fbem-11825	68	12	digital	digital	ADJ
fbem-11825	68	13	investment	investment	NOUN
fbem-11825	68	14	of	of	ADP
fbem-11825	68	15	traditional	traditional	ADJ
fbem-11825	68	16	enterprises	enterprise	NOUN
fbem-11825	68	17	significantly	significantly	ADV
fbem-11825	68	18	improves	improve	VERB
fbem-11825	68	19	their	their	PRON
fbem-11825	68	20	own	own	ADJ
fbem-11825	68	21	corporate	corporate	ADJ
fbem-11825	68	22	performance	performance	NOUN
fbem-11825	68	23	.	.	PUNCT
fbem-11825	69	1	after	after	ADP
fbem-11825	69	2	digital	digital	ADJ
fbem-11825	69	3	transformation	transformation	NOUN
fbem-11825	69	4	,	,	PUNCT
fbem-11825	69	5	enterprises	enterprise	NOUN
fbem-11825	69	6	improve	improve	VERB
fbem-11825	69	7	the	the	DET
fbem-11825	69	8	economic	economic	ADJ
fbem-11825	69	9	benefits	benefit	NOUN
fbem-11825	69	10	of	of	ADP
fbem-11825	69	11	digital	digital	ADJ
fbem-11825	69	12	transformation	transformation	NOUN
fbem-11825	69	13	by	by	ADP
fbem-11825	69	14	increasing	increase	VERB
fbem-11825	69	15	the	the	DET
fbem-11825	69	16	efficiency	efficiency	NOUN
fbem-11825	69	17	of	of	ADP
fbem-11825	69	18	asset	asset	NOUN
fbem-11825	69	19	use	use	NOUN
fbem-11825	69	20	and	and	CCONJ
fbem-11825	69	21	improving	improve	VERB
fbem-11825	69	22	their	their	PRON
fbem-11825	69	23	independent	independent	ADJ
fbem-11825	69	24	innovation	innovation	NOUN
fbem-11825	69	25	capacity	capacity	NOUN
fbem-11825	69	26	on	on	ADP
fbem-11825	69	27	the	the	DET
fbem-11825	69	28	basis	basis	NOUN
fbem-11825	69	29	of	of	ADP
fbem-11825	69	30	cost	cost	NOUN
fbem-11825	69	31	control	control	NOUN
fbem-11825	69	32	.	.	PUNCT
fbem-11825	70	1	then	then	ADV
fbem-11825	70	2	from	from	ADP
fbem-11825	70	3	the	the	DET
fbem-11825	70	4	regression	regression	NOUN
fbem-11825	70	5	results	result	NOUN
fbem-11825	70	6	of	of	ADP
fbem-11825	70	7	model2	model2	NOUN
fbem-11825	70	8	,	,	PUNCT
fbem-11825	70	9	the	the	DET
fbem-11825	70	10	regression	regression	NOUN
fbem-11825	70	11	coefficient	coefficient	NOUN
fbem-11825	70	12	of	of	ADP
fbem-11825	70	13	dig	dig	NOUN
fbem-11825	70	14	is	be	AUX
fbem-11825	70	15	0.0009	0.0009	NUM
fbem-11825	70	16	and	and	CCONJ
fbem-11825	70	17	the	the	DET
fbem-11825	70	18	t	t	NOUN
fbem-11825	70	19	-	-	PUNCT
fbem-11825	70	20	value	value	NOUN
fbem-11825	70	21	is	be	AUX
fbem-11825	70	22	2.03	2.03	NUM
fbem-11825	70	23	,	,	PUNCT
fbem-11825	70	24	with	with	ADP
fbem-11825	70	25	a	a	DET
fbem-11825	70	26	significant	significant	ADJ
fbem-11825	70	27	positive	positive	ADJ
fbem-11825	70	28	relevance	relevance	NOUN
fbem-11825	70	29	at	at	ADP
fbem-11825	70	30	the	the	DET
fbem-11825	70	31	level	level	NOUN
fbem-11825	70	32	of	of	ADP
fbem-11825	70	33	10	10	NUM
fbem-11825	70	34	%	%	NOUN
fbem-11825	70	35	and	and	CCONJ
fbem-11825	70	36	remains	remain	VERB
fbem-11825	70	37	basically	basically	ADV
fbem-11825	70	38	consistent	consistent	ADJ
fbem-11825	70	39	with	with	ADP
fbem-11825	70	40	the	the	DET
fbem-11825	70	41	results	result	NOUN
fbem-11825	70	42	of	of	ADP
fbem-11825	70	43	model1	model1	PROPN
fbem-11825	70	44	.	.	PUNCT
fbem-11825	71	1	it	it	PRON
fbem-11825	71	2	indicates	indicate	VERB
fbem-11825	71	3	that	that	SCONJ
fbem-11825	71	4	the	the	DET
fbem-11825	71	5	regression	regression	NOUN
fbem-11825	71	6	underlying	underlie	VERB
fbem-11825	71	7	this	this	DET
fbem-11825	71	8	paper	paper	NOUN
fbem-11825	71	9	passes	pass	VERB
fbem-11825	71	10	the	the	DET
fbem-11825	71	11	robustness	robustness	NOUN
fbem-11825	71	12	test	test	NOUN
fbem-11825	71	13	and	and	CCONJ
fbem-11825	71	14	the	the	DET
fbem-11825	71	15	degree	degree	NOUN
fbem-11825	71	16	of	of	ADP
fbem-11825	71	17	digital	digital	ADJ
fbem-11825	71	18	transformation	transformation	NOUN
fbem-11825	71	19	of	of	ADP
fbem-11825	71	20	chinese	chinese	ADJ
fbem-11825	71	21	manufacturing	manufacturing	NOUN
fbem-11825	71	22	enterprises	enterprise	NOUN
fbem-11825	71	23	has	have	VERB
fbem-11825	71	24	a	a	DET
fbem-11825	71	25	significant	significant	ADJ
fbem-11825	71	26	positive	positive	ADJ
fbem-11825	71	27	effect	effect	NOUN
fbem-11825	71	28	on	on	ADP
fbem-11825	71	29	their	their	PRON
fbem-11825	71	30	enterprise	enterprise	NOUN
fbem-11825	71	31	performance	performance	NOUN
fbem-11825	71	32	.	.	PUNCT
fbem-11825	72	1	4.6	4.6	NUM
fbem-11825	72	2	.	.	PUNCT
fbem-11825	72	3	intermediary	intermediary	ADJ
fbem-11825	72	4	mechanism	mechanism	NOUN
fbem-11825	72	5	test	test	NOUN
fbem-11825	72	6	table	table	NOUN
fbem-11825	72	7	7	7	NUM
fbem-11825	72	8	.	.	PUNCT
fbem-11825	72	9	intermediary	intermediary	ADJ
fbem-11825	72	10	mechanism	mechanism	NOUN
fbem-11825	72	11	test	test	NOUN
fbem-11825	72	12	model3	model3	PROPN
fbem-11825	72	13	model4	model4	PROPN
fbem-11825	72	14	serve	serve	VERB
fbem-11825	72	15	roa	roa	PROPN
fbem-11825	72	16	dig	dig	VERB
fbem-11825	72	17	0.0370	0.0370	NUM
fbem-11825	72	18	*	*	PUNCT
fbem-11825	72	19	*	*	PUNCT
fbem-11825	72	20	*	*	PUNCT
fbem-11825	72	21	0.0015	0.0015	NUM
fbem-11825	72	22	*	*	PUNCT
fbem-11825	72	23	(	(	PUNCT
fbem-11825	72	24	3.46	3.46	NUM
fbem-11825	72	25	)	)	PUNCT
fbem-11825	72	26	(	(	PUNCT
fbem-11825	72	27	2.05	2.05	NUM
fbem-11825	72	28	)	)	PUNCT
fbem-11825	72	29	serve	serve	VERB
fbem-11825	72	30	0.0571	0.0571	NUM
fbem-11825	72	31	*	*	PUNCT
fbem-11825	72	32	*	*	PUNCT
fbem-11825	72	33	*	*	PUNCT
fbem-11825	72	34	(	(	PUNCT
fbem-11825	72	35	3.99	3.99	NUM
fbem-11825	72	36	)	)	PUNCT
fbem-11825	72	37	size	size	NOUN
fbem-11825	72	38	0.0329	0.0329	PROPN
fbem-11825	72	39	*	*	PUNCT
fbem-11825	72	40	*	*	PUNCT
fbem-11825	72	41	*	*	PUNCT
fbem-11825	72	42	(	(	PUNCT
fbem-11825	72	43	9.46	9.46	NUM
fbem-11825	72	44	)	)	PUNCT
fbem-11825	72	45	lev	lev	NOUN
fbem-11825	72	46	-0.0966	-0.0966	NOUN
fbem-11825	72	47	*	*	PUNCT
fbem-11825	73	1	*	*	PUNCT
fbem-11825	73	2	*	*	PUNCT
fbem-11825	73	3	(	(	PUNCT
fbem-11825	73	4	-6.59	-6.59	NUM
fbem-11825	73	5	)	)	PUNCT
fbem-11825	73	6	growth	growth	NOUN
fbem-11825	73	7	0.0068	0.0068	NUM
fbem-11825	73	8	*	*	PUNCT
fbem-11825	74	1	*	*	PUNCT
fbem-11825	74	2	*	*	PUNCT
fbem-11825	74	3	(	(	PUNCT
fbem-11825	74	4	45.86	45.86	NUM
fbem-11825	74	5	)	)	PUNCT
fbem-11825	74	6	top1	top1	PROPN
fbem-11825	74	7	0.0678	0.0678	NUM
fbem-11825	74	8	*	*	PUNCT
fbem-11825	75	1	*	*	PUNCT
fbem-11825	75	2	*	*	PUNCT
fbem-11825	75	3	(	(	PUNCT
fbem-11825	75	4	2.72	2.72	NUM
fbem-11825	75	5	)	)	PUNCT
fbem-11825	76	1	_	_	NOUN
fbem-11825	76	2	cons	con	NOUN
fbem-11825	76	3	-0.0836	-0.0836	VERB
fbem-11825	76	4	-0.6291	-0.6291	NOUN
fbem-11825	77	1	*	*	PUNCT
fbem-11825	77	2	*	*	PUNCT
fbem-11825	77	3	*	*	PUNCT
fbem-11825	77	4	(	(	PUNCT
fbem-11825	77	5	-1.33	-1.33	NUM
fbem-11825	77	6	)	)	PUNCT
fbem-11825	77	7	(	(	PUNCT
fbem-11825	77	8	-8.10	-8.10	NOUN
fbem-11825	77	9	)	)	PUNCT
fbem-11825	77	10	r2	r2	NOUN
fbem-11825	77	11	0.003	0.003	NUM
fbem-11825	77	12	0.325	0.325	NUM
fbem-11825	77	13	adj	adj	PROPN
fbem-11825	77	14	.	.	PUNCT
fbem-11825	77	15	r2	r2	PROPN
fbem-11825	77	16	-0.247	-0.247	PUNCT
fbem-11825	77	17	0.126	0.126	NUM
fbem-11825	78	1	f	f	NOUN
fbem-11825	78	2	9.3036	9.3036	NUM
fbem-11825	78	3	399.3874	399.3874	NUM
fbem-11825	78	4	n	n	PROPN
fbem-11825	78	5	7350	7350	NUM
fbem-11825	78	6	6450	6450	NUM
fbem-11825	78	7	t	t	PROPN
fbem-11825	78	8	statistics	statistic	NOUN
fbem-11825	78	9	in	in	ADP
fbem-11825	78	10	parentheses	parenthesis	NOUN
fbem-11825	78	11	*	*	PUNCT
fbem-11825	79	1	p	p	X
fbem-11825	79	2	<	<	X
fbem-11825	79	3	0.10	0.10	NUM
fbem-11825	79	4	,	,	PUNCT
fbem-11825	79	5	*	*	PUNCT
fbem-11825	79	6	*	*	PUNCT
fbem-11825	80	1	p	p	X
fbem-11825	80	2	<	<	X
fbem-11825	80	3	0.05	0.05	NUM
fbem-11825	80	4	,	,	PUNCT
fbem-11825	80	5	*	*	PUNCT
fbem-11825	80	6	*	*	PUNCT
fbem-11825	80	7	*	*	PUNCT
fbem-11825	81	1	p	p	X
fbem-11825	81	2	<	<	X
fbem-11825	81	3	0.01	0.01	NUM
fbem-11825	81	4	from	from	ADP
fbem-11825	81	5	the	the	DET
fbem-11825	81	6	regression	regression	NOUN
fbem-11825	81	7	results	result	NOUN
fbem-11825	81	8	of	of	ADP
fbem-11825	81	9	model3	model3	NOUN
fbem-11825	81	10	,	,	PUNCT
fbem-11825	81	11	the	the	DET
fbem-11825	81	12	regression	regression	NOUN
fbem-11825	81	13	coefficient	coefficient	NOUN
fbem-11825	81	14	of	of	ADP
fbem-11825	81	15	dig	dig	NOUN
fbem-11825	81	16	is	be	AUX
fbem-11825	81	17	0.0370	0.0370	NUM
fbem-11825	81	18	and	and	CCONJ
fbem-11825	81	19	t	t	NOUN
fbem-11825	81	20	-	-	PUNCT
fbem-11825	81	21	value	value	NOUN
fbem-11825	81	22	is	be	AUX
fbem-11825	81	23	3.46	3.46	NUM
fbem-11825	81	24	,	,	PUNCT
fbem-11825	81	25	which	which	PRON
fbem-11825	81	26	is	be	AUX
fbem-11825	81	27	significant	significant	ADJ
fbem-11825	81	28	at	at	ADP
fbem-11825	81	29	1	1	NUM
fbem-11825	81	30	%	%	NOUN
fbem-11825	81	31	level	level	NOUN
fbem-11825	81	32	.	.	PUNCT
fbem-11825	82	1	from	from	ADP
fbem-11825	82	2	the	the	DET
fbem-11825	82	3	regression	regression	NOUN
fbem-11825	82	4	results	result	NOUN
fbem-11825	82	5	of	of	ADP
fbem-11825	82	6	model4	model4	NOUN
fbem-11825	82	7	,	,	PUNCT
fbem-11825	82	8	the	the	DET
fbem-11825	82	9	regression	regression	NOUN
fbem-11825	82	10	coefficient	coefficient	NOUN
fbem-11825	82	11	of	of	ADP
fbem-11825	82	12	dig	dig	PROPN
fbem-11825	82	13	is	be	AUX
fbem-11825	82	14	0.0015	0.0015	NUM
fbem-11825	82	15	,	,	PUNCT
fbem-11825	82	16	the	the	DET
fbem-11825	82	17	t	t	NOUN
fbem-11825	82	18	-	-	PUNCT
fbem-11825	82	19	value	value	NOUN
fbem-11825	82	20	is	be	AUX
fbem-11825	82	21	2.05	2.05	NUM
fbem-11825	82	22	,	,	PUNCT
fbem-11825	82	23	which	which	PRON
fbem-11825	82	24	is	be	AUX
fbem-11825	82	25	significant	significant	ADJ
fbem-11825	82	26	at	at	ADP
fbem-11825	82	27	10	10	NUM
fbem-11825	82	28	%	%	NOUN
fbem-11825	82	29	level	level	NOUN
fbem-11825	82	30	;	;	PUNCT
fbem-11825	82	31	the	the	DET
fbem-11825	82	32	regression	regression	NOUN
fbem-11825	82	33	coefficient	coefficient	NOUN
fbem-11825	82	34	of	of	ADP
fbem-11825	82	35	serve	serve	PROPN
fbem-11825	82	36	is	be	AUX
fbem-11825	82	37	0.0571	0.0571	NUM
fbem-11825	82	38	,	,	PUNCT
fbem-11825	82	39	the	the	DET
fbem-11825	82	40	t	t	NOUN
fbem-11825	82	41	-	-	PUNCT
fbem-11825	82	42	value	value	NOUN
fbem-11825	82	43	is	be	AUX
fbem-11825	82	44	3.99	3.99	NUM
fbem-11825	82	45	,	,	PUNCT
fbem-11825	82	46	which	which	PRON
fbem-11825	82	47	is	be	AUX
fbem-11825	82	48	significant	significant	ADJ
fbem-11825	82	49	at	at	ADP
fbem-11825	82	50	1	1	NUM
fbem-11825	82	51	%	%	NOUN
fbem-11825	82	52	121	121	NUM
fbem-11825	82	53	level	level	NOUN
fbem-11825	82	54	.	.	PUNCT
fbem-11825	83	1	in	in	ADP
fbem-11825	83	2	conclusion	conclusion	NOUN
fbem-11825	83	3	,	,	PUNCT
fbem-11825	83	4	it	it	PRON
fbem-11825	83	5	shows	show	VERB
fbem-11825	83	6	that	that	SCONJ
fbem-11825	83	7	the	the	DET
fbem-11825	83	8	digital	digital	ADJ
fbem-11825	83	9	transformation	transformation	NOUN
fbem-11825	83	10	of	of	ADP
fbem-11825	83	11	chinese	chinese	ADJ
fbem-11825	83	12	manufacturing	manufacturing	NOUN
fbem-11825	83	13	firms	firm	NOUN
fbem-11825	83	14	can	can	AUX
fbem-11825	83	15	enhance	enhance	VERB
fbem-11825	83	16	their	their	PRON
fbem-11825	83	17	service	service	NOUN
fbem-11825	83	18	level	level	NOUN
fbem-11825	83	19	,	,	PUNCT
fbem-11825	83	20	which	which	PRON
fbem-11825	83	21	in	in	ADP
fbem-11825	83	22	turn	turn	NOUN
fbem-11825	83	23	improves	improve	VERB
fbem-11825	83	24	their	their	PRON
fbem-11825	83	25	corporate	corporate	ADJ
fbem-11825	83	26	performance	performance	NOUN
fbem-11825	83	27	.	.	PUNCT
fbem-11825	84	1	5	5	X
fbem-11825	84	2	.	.	X
fbem-11825	84	3	research	research	NOUN
fbem-11825	84	4	findings	finding	NOUN
fbem-11825	84	5	and	and	CCONJ
fbem-11825	84	6	policy	policy	NOUN
fbem-11825	84	7	implications	implication	NOUN
fbem-11825	84	8	5.1	5.1	NUM
fbem-11825	84	9	.	.	PUNCT
fbem-11825	85	1	research	research	NOUN
fbem-11825	85	2	conclusions	conclusion	NOUN
fbem-11825	85	3	based	base	VERB
fbem-11825	85	4	on	on	ADP
fbem-11825	85	5	the	the	DET
fbem-11825	85	6	2018	2018	NUM
fbem-11825	85	7	-	-	SYM
fbem-11825	85	8	2022	2022	NUM
fbem-11825	85	9	data	datum	NOUN
fbem-11825	85	10	of	of	ADP
fbem-11825	85	11	digital	digital	ADJ
fbem-11825	85	12	transformation	transformation	NOUN
fbem-11825	85	13	,	,	PUNCT
fbem-11825	85	14	service	service	NOUN
fbem-11825	85	15	level	level	NOUN
fbem-11825	85	16	,	,	PUNCT
fbem-11825	85	17	and	and	CCONJ
fbem-11825	85	18	enterprise	enterprise	NOUN
fbem-11825	85	19	performance	performance	NOUN
fbem-11825	85	20	of	of	ADP
fbem-11825	85	21	sample	sample	NOUN
fbem-11825	85	22	manufacturing	manufacturing	NOUN
fbem-11825	85	23	enterprises	enterprise	NOUN
fbem-11825	85	24	,	,	PUNCT
fbem-11825	85	25	this	this	DET
fbem-11825	85	26	paper	paper	NOUN
fbem-11825	85	27	uses	use	VERB
fbem-11825	85	28	a	a	DET
fbem-11825	85	29	multiple	multiple	ADJ
fbem-11825	85	30	linear	linear	ADJ
fbem-11825	85	31	regression	regression	NOUN
fbem-11825	85	32	model	model	NOUN
fbem-11825	85	33	for	for	ADP
fbem-11825	85	34	empirical	empirical	ADJ
fbem-11825	85	35	analysis	analysis	NOUN
fbem-11825	85	36	and	and	CCONJ
fbem-11825	85	37	combines	combine	VERB
fbem-11825	85	38	theoretical	theoretical	ADJ
fbem-11825	85	39	analysis	analysis	NOUN
fbem-11825	85	40	with	with	ADP
fbem-11825	85	41	empirical	empirical	ADJ
fbem-11825	85	42	research	research	NOUN
fbem-11825	85	43	to	to	PART
fbem-11825	85	44	explore	explore	VERB
fbem-11825	85	45	the	the	DET
fbem-11825	85	46	relationship	relationship	NOUN
fbem-11825	85	47	among	among	ADP
fbem-11825	85	48	manufacturing	manufacturing	NOUN
fbem-11825	85	49	digitalization	digitalization	NOUN
fbem-11825	85	50	,	,	PUNCT
fbem-11825	85	51	service	service	NOUN
fbem-11825	85	52	level	level	NOUN
fbem-11825	85	53	,	,	PUNCT
fbem-11825	85	54	and	and	CCONJ
fbem-11825	85	55	enterprise	enterprise	NOUN
fbem-11825	85	56	performance	performance	NOUN
fbem-11825	85	57	.	.	PUNCT
fbem-11825	86	1	this	this	DET
fbem-11825	86	2	paper	paper	NOUN
fbem-11825	86	3	reaches	reach	VERB
fbem-11825	86	4	the	the	DET
fbem-11825	86	5	following	follow	VERB
fbem-11825	86	6	important	important	ADJ
fbem-11825	86	7	conclusions	conclusion	NOUN
fbem-11825	86	8	:	:	PUNCT
fbem-11825	86	9	(	(	PUNCT
fbem-11825	86	10	1	1	X
fbem-11825	86	11	)	)	PUNCT
fbem-11825	86	12	digital	digital	ADJ
fbem-11825	86	13	transformation	transformation	NOUN
fbem-11825	86	14	of	of	ADP
fbem-11825	86	15	the	the	DET
fbem-11825	86	16	sample	sample	NOUN
fbem-11825	86	17	manufacturing	manufacturing	NOUN
fbem-11825	86	18	industry	industry	NOUN
fbem-11825	86	19	can	can	AUX
fbem-11825	86	20	promote	promote	VERB
fbem-11825	86	21	the	the	DET
fbem-11825	86	22	improvement	improvement	NOUN
fbem-11825	86	23	of	of	ADP
fbem-11825	86	24	enterprise	enterprise	NOUN
fbem-11825	86	25	performance	performance	NOUN
fbem-11825	86	26	.	.	PUNCT
fbem-11825	87	1	it	it	PRON
fbem-11825	87	2	is	be	AUX
fbem-11825	87	3	serving	serve	VERB
fbem-11825	87	4	as	as	ADP
fbem-11825	87	5	a	a	DET
fbem-11825	87	6	long	long	ADJ
fbem-11825	87	7	-	-	PUNCT
fbem-11825	87	8	term	term	NOUN
fbem-11825	87	9	strategy	strategy	NOUN
fbem-11825	87	10	to	to	PART
fbem-11825	87	11	enhance	enhance	VERB
fbem-11825	87	12	competitiveness	competitiveness	NOUN
fbem-11825	87	13	and	and	CCONJ
fbem-11825	87	14	adapt	adapt	VERB
fbem-11825	87	15	to	to	ADP
fbem-11825	87	16	the	the	DET
fbem-11825	87	17	digital	digital	ADJ
fbem-11825	87	18	economy	economy	NOUN
fbem-11825	87	19	.	.	PUNCT
fbem-11825	88	1	(	(	PUNCT
fbem-11825	88	2	2	2	X
fbem-11825	88	3	)	)	PUNCT
fbem-11825	88	4	servitization	servitization	NOUN
fbem-11825	88	5	in	in	ADP
fbem-11825	88	6	manufacturing	manufacturing	NOUN
fbem-11825	88	7	industry	industry	NOUN
fbem-11825	88	8	has	have	VERB
fbem-11825	88	9	a	a	DET
fbem-11825	88	10	positive	positive	ADJ
fbem-11825	88	11	mediating	mediate	VERB
fbem-11825	88	12	effect	effect	NOUN
fbem-11825	88	13	between	between	ADP
fbem-11825	88	14	digital	digital	ADJ
fbem-11825	88	15	technology	technology	NOUN
fbem-11825	88	16	application	application	NOUN
fbem-11825	88	17	and	and	CCONJ
fbem-11825	88	18	enterprise	enterprise	NOUN
fbem-11825	88	19	performance	performance	NOUN
fbem-11825	88	20	.	.	PUNCT
fbem-11825	89	1	improving	improve	VERB
fbem-11825	89	2	servitization	servitization	NOUN
fbem-11825	89	3	levels	level	NOUN
fbem-11825	89	4	enhances	enhance	VERB
fbem-11825	89	5	production	production	NOUN
fbem-11825	89	6	and	and	CCONJ
fbem-11825	89	7	operational	operational	ADJ
fbem-11825	89	8	efficiency	efficiency	NOUN
fbem-11825	89	9	,	,	PUNCT
fbem-11825	89	10	resulting	result	VERB
fbem-11825	89	11	in	in	ADP
fbem-11825	89	12	improved	improved	ADJ
fbem-11825	89	13	firm	firm	ADJ
fbem-11825	89	14	performance	performance	NOUN
fbem-11825	89	15	.	.	PUNCT
fbem-11825	90	1	5.2	5.2	NUM
fbem-11825	90	2	.	.	PUNCT
fbem-11825	91	1	policy	policy	NOUN
fbem-11825	91	2	implications	implication	NOUN
fbem-11825	91	3	5.2.1	5.2.1	NUM
fbem-11825	91	4	.	.	PUNCT
fbem-11825	91	5	increase	increase	VERB
fbem-11825	91	6	digital	digital	ADJ
fbem-11825	91	7	investment	investment	NOUN
fbem-11825	91	8	and	and	CCONJ
fbem-11825	91	9	enhance	enhance	VERB
fbem-11825	91	10	enterprise	enterprise	NOUN
fbem-11825	91	11	value	value	NOUN
fbem-11825	91	12	chain	chain	NOUN
fbem-11825	91	13	for	for	ADP
fbem-11825	91	14	enterprises	enterprise	NOUN
fbem-11825	91	15	,	,	PUNCT
fbem-11825	91	16	it	it	PRON
fbem-11825	91	17	suggests	suggest	VERB
fbem-11825	91	18	enhancing	enhance	VERB
fbem-11825	91	19	digital	digital	ADJ
fbem-11825	91	20	investment	investment	NOUN
fbem-11825	91	21	in	in	ADP
fbem-11825	91	22	infrastructure	infrastructure	NOUN
fbem-11825	91	23	,	,	PUNCT
fbem-11825	91	24	such	such	ADJ
fbem-11825	91	25	as	as	ADP
fbem-11825	91	26	artificial	artificial	ADJ
fbem-11825	91	27	intelligence	intelligence	NOUN
fbem-11825	91	28	and	and	CCONJ
fbem-11825	91	29	internet	internet	NOUN
fbem-11825	91	30	technology	technology	NOUN
fbem-11825	91	31	,	,	PUNCT
fbem-11825	91	32	while	while	SCONJ
fbem-11825	91	33	leveraging	leverage	VERB
fbem-11825	91	34	software	software	NOUN
fbem-11825	91	35	tools	tool	NOUN
fbem-11825	91	36	like	like	ADP
fbem-11825	91	37	big	big	ADJ
fbem-11825	91	38	data	datum	NOUN
fbem-11825	91	39	analysis	analysis	NOUN
fbem-11825	91	40	and	and	CCONJ
fbem-11825	91	41	industrial	industrial	ADJ
fbem-11825	91	42	network	network	NOUN
fbem-11825	91	43	design	design	NOUN
fbem-11825	91	44	for	for	ADP
fbem-11825	91	45	improved	improved	ADJ
fbem-11825	91	46	supply	supply	NOUN
fbem-11825	91	47	chain	chain	NOUN
fbem-11825	91	48	collaboration	collaboration	NOUN
fbem-11825	91	49	and	and	CCONJ
fbem-11825	91	50	market	market	NOUN
fbem-11825	91	51	responsiveness	responsiveness	NOUN
fbem-11825	91	52	.	.	PUNCT
fbem-11825	92	1	the	the	DET
fbem-11825	92	2	integration	integration	NOUN
fbem-11825	92	3	and	and	CCONJ
fbem-11825	92	4	alliance	alliance	NOUN
fbem-11825	92	5	between	between	ADP
fbem-11825	92	6	software	software	NOUN
fbem-11825	92	7	and	and	CCONJ
fbem-11825	92	8	manufacturing	manufacturing	NOUN
fbem-11825	92	9	industries	industry	NOUN
fbem-11825	92	10	are	be	AUX
fbem-11825	92	11	vital	vital	ADJ
fbem-11825	92	12	for	for	ADP
fbem-11825	92	13	driving	drive	VERB
fbem-11825	92	14	digital	digital	ADJ
fbem-11825	92	15	transformation	transformation	NOUN
fbem-11825	92	16	,	,	PUNCT
fbem-11825	92	17	establishing	establish	VERB
fbem-11825	92	18	a	a	DET
fbem-11825	92	19	collaborative	collaborative	ADJ
fbem-11825	92	20	digital	digital	ADJ
fbem-11825	92	21	platform	platform	NOUN
fbem-11825	92	22	,	,	PUNCT
fbem-11825	92	23	and	and	CCONJ
fbem-11825	92	24	adapting	adapt	VERB
fbem-11825	92	25	to	to	ADP
fbem-11825	92	26	market	market	NOUN
fbem-11825	92	27	demands	demand	NOUN
fbem-11825	92	28	in	in	ADP
fbem-11825	92	29	china	china	PROPN
fbem-11825	92	30	's	's	PART
fbem-11825	92	31	manufacturing	manufacturing	NOUN
fbem-11825	92	32	sector	sector	NOUN
fbem-11825	92	33	.	.	PUNCT
fbem-11825	93	1	5.2.2	5.2.2	X
fbem-11825	93	2	.	.	PUNCT
fbem-11825	94	1	promote	promote	VERB
fbem-11825	94	2	the	the	DET
fbem-11825	94	3	service	service	NOUN
fbem-11825	94	4	of	of	ADP
fbem-11825	94	5	manufacturing	manufacturing	NOUN
fbem-11825	94	6	industry	industry	NOUN
fbem-11825	94	7	and	and	CCONJ
fbem-11825	94	8	extend	extend	VERB
fbem-11825	94	9	the	the	DET
fbem-11825	94	10	industrial	industrial	ADJ
fbem-11825	94	11	chain	chain	NOUN
fbem-11825	94	12	to	to	PART
fbem-11825	94	13	enhance	enhance	VERB
fbem-11825	94	14	the	the	DET
fbem-11825	94	15	service	service	NOUN
fbem-11825	94	16	aspect	aspect	NOUN
fbem-11825	94	17	of	of	ADP
fbem-11825	94	18	manufacturing	manufacturing	NOUN
fbem-11825	94	19	enterprises	enterprise	NOUN
fbem-11825	94	20	,	,	PUNCT
fbem-11825	94	21	they	they	PRON
fbem-11825	94	22	should	should	AUX
fbem-11825	94	23	integrate	integrate	VERB
fbem-11825	94	24	digitalization	digitalization	NOUN
fbem-11825	94	25	across	across	ADP
fbem-11825	94	26	multiple	multiple	ADJ
fbem-11825	94	27	fields	field	NOUN
fbem-11825	94	28	and	and	CCONJ
fbem-11825	94	29	diversify	diversify	VERB
fbem-11825	94	30	their	their	PRON
fbem-11825	94	31	offerings	offering	NOUN
fbem-11825	94	32	.	.	PUNCT
fbem-11825	95	1	extending	extend	VERB
fbem-11825	95	2	the	the	DET
fbem-11825	95	3	manufacturing	manufacturing	NOUN
fbem-11825	95	4	industry	industry	NOUN
fbem-11825	95	5	's	's	PART
fbem-11825	95	6	value	value	NOUN
fbem-11825	95	7	chain	chain	NOUN
fbem-11825	95	8	improves	improve	VERB
fbem-11825	95	9	the	the	DET
fbem-11825	95	10	quality	quality	NOUN
fbem-11825	95	11	of	of	ADP
fbem-11825	95	12	terminal	terminal	ADJ
fbem-11825	95	13	services	service	NOUN
fbem-11825	95	14	and	and	CCONJ
fbem-11825	95	15	generates	generate	VERB
fbem-11825	95	16	revenue	revenue	NOUN
fbem-11825	95	17	through	through	ADP
fbem-11825	95	18	manufacturing	manufacturing	NOUN
fbem-11825	95	19	services	service	NOUN
fbem-11825	95	20	.	.	PUNCT
fbem-11825	96	1	the	the	DET
fbem-11825	96	2	development	development	NOUN
fbem-11825	96	3	trend	trend	NOUN
fbem-11825	96	4	of	of	ADP
fbem-11825	96	5	manufacturing	manufacturing	NOUN
fbem-11825	96	6	service	service	NOUN
fbem-11825	96	7	focuses	focus	VERB
fbem-11825	96	8	on	on	ADP
fbem-11825	96	9	connecting	connect	VERB
fbem-11825	96	10	with	with	ADP
fbem-11825	96	11	consumer	consumer	NOUN
fbem-11825	96	12	demands	demand	NOUN
fbem-11825	96	13	,	,	PUNCT
fbem-11825	96	14	enhancing	enhance	VERB
fbem-11825	96	15	consumer	consumer	NOUN
fbem-11825	96	16	satisfaction	satisfaction	NOUN
fbem-11825	96	17	,	,	PUNCT
fbem-11825	96	18	and	and	CCONJ
fbem-11825	96	19	elevating	elevate	VERB
fbem-11825	96	20	the	the	DET
fbem-11825	96	21	service	service	NOUN
fbem-11825	96	22	level	level	NOUN
fbem-11825	96	23	of	of	ADP
fbem-11825	96	24	traditional	traditional	ADJ
fbem-11825	96	25	manufacturing	manufacturing	NOUN
fbem-11825	96	26	.	.	PUNCT
fbem-11825	97	1	references	reference	NOUN
fbem-11825	97	2	[	[	X
fbem-11825	97	3	1	1	X
fbem-11825	97	4	]	]	PUNCT
fbem-11825	97	5	wang	wang	PROPN
fbem-11825	97	6	w	w	PROPN
fbem-11825	97	7	-	-	PUNCT
fbem-11825	97	8	l.	l.	PROPN
fbem-11825	97	9	,	,	PUNCT
fbem-11825	97	10	yang	yang	PROPN
fbem-11825	97	11	h	h	PROPN
fbem-11825	97	12	-	-	PUNCT
fbem-11825	97	13	q.	q.	PROPN
fbem-11825	97	14	(	(	PUNCT
fbem-11825	97	15	2017	2017	NUM
fbem-11825	97	16	)	)	PUNCT
fbem-11825	97	17	a	a	DET
fbem-11825	97	18	literature	literature	NOUN
fbem-11825	97	19	review	review	NOUN
fbem-11825	97	20	on	on	ADP
fbem-11825	97	21	the	the	DET
fbem-11825	97	22	relationship	relationship	NOUN
fbem-11825	97	23	between	between	ADP
fbem-11825	97	24	investment	investment	NOUN
fbem-11825	97	25	in	in	ADP
fbem-11825	97	26	informatization	informatization	NOUN
fbem-11825	97	27	and	and	CCONJ
fbem-11825	97	28	firm	firm	ADJ
fbem-11825	97	29	performance	performance	NOUN
fbem-11825	97	30	.	.	PUNCT
fbem-11825	98	1	journal	journal	NOUN
fbem-11825	98	2	of	of	ADP
fbem-11825	98	3	economic	economic	ADJ
fbem-11825	98	4	research	research	NOUN
fbem-11825	98	5	,	,	PUNCT
fbem-11825	98	6	34	34	NUM
fbem-11825	98	7	:	:	SYM
fbem-11825	98	8	8	8	NUM
fbem-11825	98	9	-	-	SYM
fbem-11825	98	10	11	11	NUM
fbem-11825	98	11	+	+	NUM
fbem-11825	98	12	5	5	NUM
fbem-11825	98	13	[	[	SYM
fbem-11825	98	14	2	2	NUM
fbem-11825	98	15	]	]	X
fbem-11825	98	16	wang	wang	PROPN
fbem-11825	98	17	c.	c.	PROPN
fbem-11825	98	18	(	(	PUNCT
fbem-11825	98	19	2021	2021	NUM
fbem-11825	98	20	)	)	PUNCT
fbem-11825	98	21	a	a	DET
fbem-11825	98	22	study	study	NOUN
fbem-11825	98	23	on	on	ADP
fbem-11825	98	24	the	the	DET
fbem-11825	98	25	mechanism	mechanism	NOUN
fbem-11825	98	26	of	of	ADP
fbem-11825	98	27	digital	digital	ADJ
fbem-11825	98	28	transformation	transformation	NOUN
fbem-11825	98	29	on	on	ADP
fbem-11825	98	30	the	the	DET
fbem-11825	98	31	innovation	innovation	NOUN
fbem-11825	98	32	performance	performance	NOUN
fbem-11825	98	33	of	of	ADP
fbem-11825	98	34	enterprises	enterprise	NOUN
fbem-11825	98	35	.	.	PUNCT
fbem-11825	99	1	contemporary	contemporary	ADJ
fbem-11825	99	2	economic	economic	ADJ
fbem-11825	99	3	management	management	NOUN
fbem-11825	99	4	,	,	PUNCT
fbem-11825	99	5	43(03	43(03	NUM
fbem-11825	99	6	):	):	PUNCT
fbem-11825	99	7	34	34	NUM
fbem-11825	99	8	-	-	SYM
fbem-11825	99	9	42	42	NUM
fbem-11825	100	1	[	[	X
fbem-11825	100	2	3	3	X
fbem-11825	100	3	]	]	X
fbem-11825	100	4	dai	dai	PROPN
fbem-11825	100	5	x.	x.	PROPN
fbem-11825	100	6	(	(	PUNCT
fbem-11825	100	7	2016	2016	NUM
fbem-11825	100	8	)	)	PUNCT
fbem-11825	100	9	the	the	DET
fbem-11825	100	10	evolution	evolution	NOUN
fbem-11825	100	11	of	of	ADP
fbem-11825	100	12	the	the	DET
fbem-11825	100	13	value	value	NOUN
fbem-11825	100	14	of	of	ADP
fbem-11825	100	15	services	service	NOUN
fbem-11825	100	16	embedded	embed	VERB
fbem-11825	100	17	in	in	ADP
fbem-11825	100	18	china	china	PROPN
fbem-11825	100	19	's	's	PART
fbem-11825	100	20	manufacturing	manufacturing	NOUN
fbem-11825	100	21	exports	export	NOUN
fbem-11825	100	22	and	and	CCONJ
fbem-11825	100	23	the	the	DET
fbem-11825	100	24	determination	determination	NOUN
fbem-11825	100	25	of	of	ADP
fbem-11825	100	26	factors	factor	NOUN
fbem-11825	100	27	.	.	PUNCT
fbem-11825	101	1	economic	economic	ADJ
fbem-11825	101	2	research	research	NOUN
fbem-11825	101	3	,	,	PUNCT
fbem-11825	101	4	51(9	51(9	NUM
fbem-11825	101	5	):	):	PUNCT
fbem-11825	101	6	15	15	NUM
fbem-11825	101	7	[	[	X
fbem-11825	101	8	4	4	NUM
fbem-11825	101	9	]	]	X
fbem-11825	101	10	zhou	zhou	PROPN
fbem-11825	101	11	w	w	PROPN
fbem-11825	101	12	-	-	PROPN
fbem-11825	101	13	h.	h.	PROPN
fbem-11825	101	14	,	,	PUNCT
fbem-11825	101	15	wang	wang	PROPN
fbem-11825	101	16	p	p	PROPN
fbem-11825	101	17	-	-	PUNCT
fbem-11825	101	18	c.	c.	PROPN
fbem-11825	101	19	,	,	PUNCT
fbem-11825	101	20	yang	yang	PROPN
fbem-11825	101	21	m.	m.	PROPN
fbem-11825	101	22	(	(	PUNCT
fbem-11825	101	23	2018	2018	NUM
fbem-11825	101	24	)	)	PUNCT
fbem-11825	101	25	digital	digital	ADJ
fbem-11825	101	26	empowerment	empowerment	NOUN
fbem-11825	101	27	for	for	ADP
fbem-11825	101	28	mass	mass	NOUN
fbem-11825	101	29	customization	customization	NOUN
fbem-11825	101	30	technology	technology	NOUN
fbem-11825	101	31	innovation	innovation	NOUN
fbem-11825	101	32	.	.	PUNCT
fbem-11825	102	1	scientology	scientology	PROPN
fbem-11825	102	2	research	research	PROPN
fbem-11825	102	3	,	,	PUNCT
fbem-11825	102	4	36(8	36(8	NUM
fbem-11825	102	5	):	):	PUNCT
fbem-11825	102	6	1516	1516	NUM
fbem-11825	102	7	-	-	SYM
fbem-11825	102	8	1523	1523	NUM
fbem-11825	102	9	.	.	PUNCT
fbem-11825	103	1	[	[	X
fbem-11825	103	2	5	5	NUM
fbem-11825	103	3	]	]	PUNCT
fbem-11825	103	4	jiang	jiang	PROPN
fbem-11825	103	5	c.	c.	PROPN
fbem-11825	103	6	,	,	PUNCT
fbem-11825	103	7	li	li	PROPN
fbem-11825	103	8	n	n	CCONJ
fbem-11825	103	9	..	..	PUNCT
fbem-11825	103	10	(	(	PUNCT
fbem-11825	103	11	2015	2015	NUM
fbem-11825	103	12	)	)	PUNCT
fbem-11825	103	13	the	the	DET
fbem-11825	103	14	impact	impact	NOUN
fbem-11825	103	15	of	of	ADP
fbem-11825	103	16	service	service	NOUN
fbem-11825	103	17	innovation	innovation	NOUN
fbem-11825	103	18	and	and	CCONJ
fbem-11825	103	19	manufacturing	manufacturing	NOUN
fbem-11825	103	20	servitization	servitization	NOUN
fbem-11825	103	21	on	on	ADP
fbem-11825	103	22	firm	firm	ADJ
fbem-11825	103	23	performance	performance	NOUN
fbem-11825	103	24	.	.	PUNCT
fbem-11825	104	1	scientific	scientific	ADJ
fbem-11825	104	2	research	research	NOUN
fbem-11825	104	3	management	management	NOUN
fbem-11825	104	4	,	,	PUNCT
fbem-11825	104	5	5	5	NUM
fbem-11825	104	6	:	:	SYM
fbem-11825	104	7	29	29	NUM
fbem-11825	104	8	-	-	SYM
fbem-11825	104	9	37	37	NUM
fbem-11825	104	10	[	[	X
fbem-11825	104	11	6	6	NUM
fbem-11825	104	12	]	]	SYM
fbem-11825	104	13	hu	hu	PROPN
fbem-11825	104	14	,	,	PUNCT
fbem-11825	104	15	c	c	X
fbem-11825	104	16	-	-	PUNCT
fbem-11825	104	17	p.	p.	PROPN
fbem-11825	104	18	,	,	PUNCT
fbem-11825	104	19	wang	wang	PROPN
fbem-11825	104	20	t.	t.	PROPN
fbem-11825	104	21	(	(	PUNCT
fbem-11825	104	22	2016	2016	NUM
fbem-11825	104	23	)	)	PUNCT
fbem-11825	104	24	transformation	transformation	NOUN
fbem-11825	104	25	and	and	CCONJ
fbem-11825	104	26	upgrading	upgrading	NOUN
fbem-11825	104	27	of	of	ADP
fbem-11825	104	28	manufacturing	manufacturing	NOUN
fbem-11825	104	29	servitization	servitization	NOUN
fbem-11825	104	30	strategy	strategy	NOUN
fbem-11825	104	31	:	:	PUNCT
fbem-11825	104	32	a	a	DET
fbem-11825	104	33	theoretical	theoretical	ADJ
fbem-11825	104	34	model	model	NOUN
fbem-11825	104	35	of	of	ADP
fbem-11825	104	36	evolutionary	evolutionary	ADJ
fbem-11825	104	37	path	path	NOUN
fbem-11825	104	38	:	:	PUNCT
fbem-11825	104	39	a	a	DET
fbem-11825	104	40	case	case	NOUN
fbem-11825	104	41	study	study	NOUN
fbem-11825	104	42	of	of	ADP
fbem-11825	104	43	three	three	NUM
fbem-11825	104	44	local	local	ADJ
fbem-11825	104	45	manufacturing	manufacturing	NOUN
fbem-11825	104	46	enterprises	enterprise	NOUN
fbem-11825	104	47	.	.	PUNCT
fbem-11825	105	1	research	research	NOUN
fbem-11825	105	2	management	management	NOUN
fbem-11825	105	3	,	,	PUNCT
fbem-11825	105	4	11	11	NUM
fbem-11825	105	5	:	:	SYM
fbem-11825	105	6	119	119	NUM
fbem-11825	105	7	-	-	SYM
fbem-11825	105	8	126	126	NUM
fbem-11825	105	9	.	.	PUNCT
fbem-11825	106	1	[	[	X
fbem-11825	106	2	7	7	X
fbem-11825	106	3	]	]	SYM
fbem-11825	106	4	hu	hu	PROPN
fbem-11825	106	5	c	c	X
fbem-11825	106	6	-	-	PUNCT
fbem-11825	106	7	p.	p.	PROPN
fbem-11825	106	8	,	,	PUNCT
fbem-11825	106	9	hu	hu	PROPN
fbem-11825	107	1	q	q	PROPN
fbem-11825	107	2	-	-	PROPN
fbem-11825	107	3	f.	f.	PROPN
fbem-11825	107	4	(	(	PUNCT
fbem-11825	107	5	2020	2020	NUM
fbem-11825	107	6	)	)	PUNCT
fbem-11825	107	7	a	a	DET
fbem-11825	107	8	theoretical	theoretical	ADJ
fbem-11825	107	9	framework	framework	NOUN
fbem-11825	107	10	for	for	ADP
fbem-11825	107	11	the	the	DET
fbem-11825	107	12	construction	construction	NOUN
fbem-11825	107	13	of	of	ADP
fbem-11825	107	14	competitive	competitive	ADJ
fbem-11825	107	15	advantage	advantage	NOUN
fbem-11825	107	16	of	of	ADP
fbem-11825	107	17	servitization	servitization	NOUN
fbem-11825	107	18	strategy	strategy	NOUN
fbem-11825	107	19	in	in	ADP
fbem-11825	107	20	manufacturing	manufacturing	NOUN
fbem-11825	107	21	industry	industry	NOUN
fbem-11825	107	22	--	--	PUNCT
fbem-11825	107	23	a	a	DET
fbem-11825	107	24	multi	multi	ADJ
fbem-11825	107	25	-	-	ADJ
fbem-11825	107	26	case	case	NOUN
fbem-11825	107	27	analysis	analysis	NOUN
fbem-11825	107	28	based	base	VERB
fbem-11825	107	29	on	on	ADP
fbem-11825	107	30	manufacturing	manufacture	VERB
fbem-11825	107	31	industry	industry	NOUN
fbem-11825	107	32	.	.	PUNCT
fbem-11825	108	1	china	china	PROPN
fbem-11825	108	2	circulation	circulation	NOUN
fbem-11825	108	3	economy	economy	NOUN
fbem-11825	108	4	,	,	PUNCT
fbem-11825	108	5	34(04	34(04	NUM
fbem-11825	108	6	)	)	PUNCT
fbem-11825	108	7	:	:	PUNCT
fbem-11825	108	8	87	87	NUM
fbem-11825	108	9	-	-	SYM
fbem-11825	108	10	99	99	NUM
fbem-11825	109	1	[	[	SYM
fbem-11825	109	2	8	8	NUM
fbem-11825	109	3	]	]	X
fbem-11825	109	4	park	park	NOUN
fbem-11825	109	5	q	q	NOUN
fbem-11825	109	6	-	-	PUNCT
fbem-11825	109	7	x.	x.	PROPN
fbem-11825	109	8	,	,	PUNCT
fbem-11825	109	9	sun	sun	PROPN
fbem-11825	109	10	x	x	PROPN
fbem-11825	109	11	-	-	PROPN
fbem-11825	109	12	b.	b.	PROPN
fbem-11825	109	13	,	,	PUNCT
fbem-11825	109	14	qian	qian	PROPN
fbem-11825	109	15	y.	y.	PROPN
fbem-11825	109	16	,	,	PUNCT
fbem-11825	109	17	jin	jin	PROPN
fbem-11825	109	18	z	z	PROPN
fbem-11825	109	19	-	-	PROPN
fbem-11825	109	20	h.	h.	PROPN
fbem-11825	109	21	(	(	PUNCT
fbem-11825	109	22	2020	2020	NUM
fbem-11825	109	23	)	)	PUNCT
fbem-11825	109	24	research	research	NOUN
fbem-11825	109	25	on	on	ADP
fbem-11825	109	26	the	the	DET
fbem-11825	109	27	interaction	interaction	NOUN
fbem-11825	109	28	mechanism	mechanism	NOUN
fbem-11825	109	29	of	of	ADP
fbem-11825	109	30	technological	technological	ADJ
fbem-11825	109	31	innovation	innovation	NOUN
fbem-11825	109	32	and	and	CCONJ
fbem-11825	109	33	business	business	NOUN
fbem-11825	109	34	model	model	NOUN
fbem-11825	109	35	innovation	innovation	NOUN
fbem-11825	109	36	from	from	ADP
fbem-11825	109	37	the	the	DET
fbem-11825	109	38	perspective	perspective	NOUN
fbem-11825	109	39	of	of	ADP
fbem-11825	109	40	service	service	NOUN
fbem-11825	109	41	transformation	transformation	NOUN
fbem-11825	109	42	--	--	PUNCT
fbem-11825	109	43	a	a	DET
fbem-11825	109	44	case	case	NOUN
fbem-11825	109	45	study	study	NOUN
fbem-11825	109	46	of	of	ADP
fbem-11825	109	47	shenyang	shenyang	PROPN
fbem-11825	109	48	machine	machine	PROPN
fbem-11825	109	49	tool	tool	PROPN
fbem-11825	109	50	group	group	NOUN
fbem-11825	109	51	.	.	PUNCT
fbem-11825	110	1	science	science	NOUN
fbem-11825	110	2	and	and	CCONJ
fbem-11825	110	3	technology	technology	NOUN
fbem-11825	110	4	management	management	NOUN
fbem-11825	110	5	,	,	PUNCT
fbem-11825	110	6	4	4	NUM
fbem-11825	110	7	:	:	SYM
fbem-11825	110	8	1	1	NUM
fbem-11825	110	9	-	-	SYM
fbem-11825	110	10	21	21	NUM
fbem-11825	110	11	.	.	PUNCT