id	sid	tid	token	lemma	pos
fbem-12589	1	1	frontiers	frontier	NOUN
fbem-12589	1	2	in	in	ADP
fbem-12589	1	3	business	business	NOUN
fbem-12589	1	4	,	,	PUNCT
fbem-12589	1	5	economics	economic	NOUN
fbem-12589	1	6	and	and	CCONJ
fbem-12589	1	7	management	management	NOUN
fbem-12589	1	8	issn	issn	PROPN
fbem-12589	1	9	:	:	PUNCT
fbem-12589	1	10	2766	2766	NUM
fbem-12589	1	11	-	-	PUNCT
fbem-12589	1	12	824x	824x	NUM
fbem-12589	1	13	|	|	ADJ
fbem-12589	1	14	vol	vol	NOUN
fbem-12589	1	15	.	.	PUNCT
fbem-12589	2	1	11	11	NUM
fbem-12589	2	2	,	,	PUNCT
fbem-12589	2	3	no	no	INTJ
fbem-12589	2	4	.	.	NOUN
fbem-12589	2	5	2	2	NUM
fbem-12589	2	6	,	,	PUNCT
fbem-12589	2	7	2023	2023	NUM
fbem-12589	2	8	195	195	NUM
fbem-12589	2	9	does	do	AUX
fbem-12589	2	10	digital	digital	ADJ
fbem-12589	2	11	reform	reform	NOUN
fbem-12589	2	12	promote	promote	VERB
fbem-12589	2	13	the	the	DET
fbem-12589	2	14	development	development	NOUN
fbem-12589	2	15	of	of	ADP
fbem-12589	2	16	the	the	DET
fbem-12589	2	17	real	real	ADJ
fbem-12589	2	18	economy	economy	NOUN
fbem-12589	2	19	:	:	PUNCT
fbem-12589	2	20	mechanism	mechanism	NOUN
fbem-12589	2	21	and	and	CCONJ
fbem-12589	2	22	evidence	evidence	NOUN
fbem-12589	2	23	-based	-base	VERB
fbem-12589	2	24	on	on	ADP
fbem-12589	2	25	the	the	DET
fbem-12589	2	26	financial	financial	ADJ
fbem-12589	2	27	perspective	perspective	NOUN
fbem-12589	2	28	of	of	ADP
fbem-12589	2	29	shanghai	shanghai	PROPN
fbem-12589	2	30	stock	stock	PROPN
fbem-12589	2	31	exchange	exchange	PROPN
fbem-12589	2	32	corporation	corporation	PROPN
fbem-12589	2	33	han	han	PROPN
fbem-12589	2	34	xu	xu	PROPN
fbem-12589	2	35	*	*	PROPN
fbem-12589	2	36	east	east	PROPN
fbem-12589	2	37	china	china	PROPN
fbem-12589	2	38	university	university	PROPN
fbem-12589	2	39	of	of	ADP
fbem-12589	2	40	political	political	ADJ
fbem-12589	2	41	science	science	NOUN
fbem-12589	2	42	and	and	CCONJ
fbem-12589	2	43	law	law	NOUN
fbem-12589	2	44	,	,	PUNCT
fbem-12589	2	45	shanghai	shanghai	PROPN
fbem-12589	2	46	201600	201600	NUM
fbem-12589	2	47	,	,	PUNCT
fbem-12589	2	48	china	china	PROPN
fbem-12589	2	49	*	*	PUNCT
fbem-12589	2	50	corresponding	correspond	VERB
fbem-12589	2	51	author	author	NOUN
fbem-12589	2	52	email	email	NOUN
fbem-12589	2	53	:	:	PUNCT
fbem-12589	2	54	865637643@qq.com	865637643@qq.com	NUM
fbem-12589	2	55	abstract	abstract	NOUN
fbem-12589	2	56	:	:	PUNCT
fbem-12589	2	57	the	the	DET
fbem-12589	2	58	digital	digital	ADJ
fbem-12589	2	59	economy	economy	NOUN
fbem-12589	2	60	based	base	VERB
fbem-12589	2	61	on	on	ADP
fbem-12589	2	62	the	the	DET
fbem-12589	2	63	new	new	ADJ
fbem-12589	2	64	generation	generation	NOUN
fbem-12589	2	65	of	of	ADP
fbem-12589	2	66	information	information	NOUN
fbem-12589	2	67	technology	technology	NOUN
fbem-12589	2	68	has	have	AUX
fbem-12589	2	69	increasingly	increasingly	ADV
fbem-12589	2	70	become	become	VERB
fbem-12589	2	71	an	an	DET
fbem-12589	2	72	important	important	ADJ
fbem-12589	2	73	driving	driving	NOUN
fbem-12589	2	74	force	force	NOUN
fbem-12589	2	75	to	to	PART
fbem-12589	2	76	promote	promote	VERB
fbem-12589	2	77	economic	economic	ADJ
fbem-12589	2	78	development	development	NOUN
fbem-12589	2	79	.	.	PUNCT
fbem-12589	3	1	however	however	ADV
fbem-12589	3	2	,	,	PUNCT
fbem-12589	3	3	the	the	DET
fbem-12589	3	4	research	research	NOUN
fbem-12589	3	5	on	on	ADP
fbem-12589	3	6	relevant	relevant	ADJ
fbem-12589	3	7	digital	digital	ADJ
fbem-12589	3	8	economy	economy	NOUN
fbem-12589	3	9	theories	theory	NOUN
fbem-12589	3	10	lags	lag	VERB
fbem-12589	3	11	behind	behind	ADV
fbem-12589	3	12	,	,	PUNCT
fbem-12589	3	13	making	make	VERB
fbem-12589	3	14	it	it	PRON
fbem-12589	3	15	difficult	difficult	ADJ
fbem-12589	3	16	to	to	PART
fbem-12589	3	17	accurately	accurately	ADV
fbem-12589	3	18	explain	explain	VERB
fbem-12589	3	19	the	the	DET
fbem-12589	3	20	new	new	ADJ
fbem-12589	3	21	economic	economic	ADJ
fbem-12589	3	22	phenomenon	phenomenon	NOUN
fbem-12589	3	23	and	and	CCONJ
fbem-12589	3	24	more	more	ADV
fbem-12589	3	25	effectively	effectively	ADV
fbem-12589	3	26	guide	guide	VERB
fbem-12589	3	27	the	the	DET
fbem-12589	3	28	high	high	ADJ
fbem-12589	3	29	-	-	PUNCT
fbem-12589	3	30	quality	quality	NOUN
fbem-12589	3	31	economic	economic	ADJ
fbem-12589	3	32	development	development	NOUN
fbem-12589	3	33	practice	practice	NOUN
fbem-12589	3	34	in	in	ADP
fbem-12589	3	35	the	the	DET
fbem-12589	3	36	new	new	ADJ
fbem-12589	3	37	development	development	NOUN
fbem-12589	3	38	stage	stage	NOUN
fbem-12589	3	39	.	.	PUNCT
fbem-12589	4	1	this	this	DET
fbem-12589	4	2	paper	paper	NOUN
fbem-12589	4	3	focuses	focus	VERB
fbem-12589	4	4	on	on	ADP
fbem-12589	4	5	the	the	DET
fbem-12589	4	6	impact	impact	NOUN
fbem-12589	4	7	of	of	ADP
fbem-12589	4	8	digital	digital	ADJ
fbem-12589	4	9	technology	technology	NOUN
fbem-12589	4	10	change	change	NOUN
fbem-12589	4	11	on	on	ADP
fbem-12589	4	12	the	the	DET
fbem-12589	4	13	development	development	NOUN
fbem-12589	4	14	of	of	ADP
fbem-12589	4	15	relevant	relevant	ADJ
fbem-12589	4	16	basic	basic	ADJ
fbem-12589	4	17	theories	theory	NOUN
fbem-12589	4	18	of	of	ADP
fbem-12589	4	19	economics	economic	NOUN
fbem-12589	4	20	.	.	PUNCT
fbem-12589	5	1	based	base	VERB
fbem-12589	5	2	on	on	ADP
fbem-12589	5	3	the	the	DET
fbem-12589	5	4	panel	panel	NOUN
fbem-12589	5	5	data	datum	NOUN
fbem-12589	5	6	of	of	ADP
fbem-12589	5	7	shanghai	shanghai	PROPN
fbem-12589	5	8	stock	stock	PROPN
fbem-12589	5	9	exchange	exchange	PROPN
fbem-12589	5	10	corporation	corporation	NOUN
fbem-12589	5	11	from	from	ADP
fbem-12589	5	12	2016	2016	NUM
fbem-12589	5	13	to	to	ADP
fbem-12589	5	14	2020	2020	NUM
fbem-12589	5	15	,	,	PUNCT
fbem-12589	5	16	it	it	PRON
fbem-12589	5	17	comprehensively	comprehensively	ADV
fbem-12589	5	18	analyzes	analyze	VERB
fbem-12589	5	19	the	the	DET
fbem-12589	5	20	impact	impact	NOUN
fbem-12589	5	21	of	of	ADP
fbem-12589	5	22	the	the	DET
fbem-12589	5	23	degree	degree	NOUN
fbem-12589	5	24	of	of	ADP
fbem-12589	5	25	digital	digital	ADJ
fbem-12589	5	26	division	division	NOUN
fbem-12589	5	27	of	of	ADP
fbem-12589	5	28	labor	labor	NOUN
fbem-12589	5	29	and	and	CCONJ
fbem-12589	5	30	the	the	DET
fbem-12589	5	31	intensity	intensity	NOUN
fbem-12589	5	32	of	of	ADP
fbem-12589	5	33	digital	digital	ADJ
fbem-12589	5	34	transformation	transformation	NOUN
fbem-12589	5	35	on	on	ADP
fbem-12589	5	36	the	the	DET
fbem-12589	5	37	growth	growth	NOUN
fbem-12589	5	38	of	of	ADP
fbem-12589	5	39	enterprises	enterprise	NOUN
fbem-12589	5	40	.	.	PUNCT
fbem-12589	6	1	from	from	ADP
fbem-12589	6	2	this	this	DET
fbem-12589	6	3	small	small	ADJ
fbem-12589	6	4	perspective	perspective	NOUN
fbem-12589	6	5	,	,	PUNCT
fbem-12589	6	6	it	it	PRON
fbem-12589	6	7	broadens	broaden	VERB
fbem-12589	6	8	to	to	ADP
fbem-12589	6	9	the	the	DET
fbem-12589	6	10	level	level	NOUN
fbem-12589	6	11	of	of	ADP
fbem-12589	6	12	china	china	PROPN
fbem-12589	6	13	's	's	PART
fbem-12589	6	14	real	real	ADJ
fbem-12589	6	15	economy	economy	NOUN
fbem-12589	6	16	,	,	PUNCT
fbem-12589	6	17	and	and	CCONJ
fbem-12589	6	18	analyzes	analyze	VERB
fbem-12589	6	19	how	how	SCONJ
fbem-12589	6	20	the	the	DET
fbem-12589	6	21	digital	digital	ADJ
fbem-12589	6	22	reform	reform	NOUN
fbem-12589	6	23	of	of	ADP
fbem-12589	6	24	enterprises	enterprise	NOUN
fbem-12589	6	25	brought	bring	VERB
fbem-12589	6	26	by	by	ADP
fbem-12589	6	27	digital	digital	ADJ
fbem-12589	6	28	policies	policy	NOUN
fbem-12589	6	29	affects	affect	VERB
fbem-12589	6	30	the	the	DET
fbem-12589	6	31	real	real	ADJ
fbem-12589	6	32	economy	economy	NOUN
fbem-12589	6	33	.	.	PUNCT
fbem-12589	7	1	this	this	DET
fbem-12589	7	2	paper	paper	NOUN
fbem-12589	7	3	finds	find	VERB
fbem-12589	7	4	that	that	SCONJ
fbem-12589	7	5	,	,	PUNCT
fbem-12589	7	6	according	accord	VERB
fbem-12589	7	7	to	to	ADP
fbem-12589	7	8	the	the	DET
fbem-12589	7	9	existing	exist	VERB
fbem-12589	7	10	data	datum	NOUN
fbem-12589	7	11	,	,	PUNCT
fbem-12589	7	12	the	the	DET
fbem-12589	7	13	degree	degree	NOUN
fbem-12589	7	14	of	of	ADP
fbem-12589	7	15	digital	digital	ADJ
fbem-12589	7	16	division	division	NOUN
fbem-12589	7	17	of	of	ADP
fbem-12589	7	18	labor	labor	NOUN
fbem-12589	7	19	and	and	CCONJ
fbem-12589	7	20	the	the	DET
fbem-12589	7	21	intensity	intensity	NOUN
fbem-12589	7	22	of	of	ADP
fbem-12589	7	23	digital	digital	ADJ
fbem-12589	7	24	transformation	transformation	NOUN
fbem-12589	7	25	play	play	VERB
fbem-12589	7	26	a	a	DET
fbem-12589	7	27	role	role	NOUN
fbem-12589	7	28	in	in	ADP
fbem-12589	7	29	promoting	promote	VERB
fbem-12589	7	30	economic	economic	ADJ
fbem-12589	7	31	development	development	NOUN
fbem-12589	7	32	.	.	PUNCT
fbem-12589	8	1	moreover	moreover	ADV
fbem-12589	8	2	,	,	PUNCT
fbem-12589	8	3	with	with	ADP
fbem-12589	8	4	the	the	DET
fbem-12589	8	5	promotion	promotion	NOUN
fbem-12589	8	6	of	of	ADP
fbem-12589	8	7	the	the	DET
fbem-12589	8	8	national	national	ADJ
fbem-12589	8	9	digital	digital	ADJ
fbem-12589	8	10	strategy	strategy	NOUN
fbem-12589	8	11	,	,	PUNCT
fbem-12589	8	12	the	the	DET
fbem-12589	8	13	economic	economic	ADJ
fbem-12589	8	14	dividends	dividend	NOUN
fbem-12589	8	15	brought	bring	VERB
fbem-12589	8	16	by	by	ADP
fbem-12589	8	17	the	the	DET
fbem-12589	8	18	policy	policy	NOUN
fbem-12589	8	19	to	to	ADP
fbem-12589	8	20	enterprises	enterprise	NOUN
fbem-12589	8	21	each	each	DET
fbem-12589	8	22	year	year	NOUN
fbem-12589	8	23	increase	increase	NOUN
fbem-12589	8	24	.	.	PUNCT
fbem-12589	9	1	the	the	DET
fbem-12589	9	2	following	follow	VERB
fbem-12589	9	3	suggestions	suggestion	NOUN
fbem-12589	9	4	are	be	AUX
fbem-12589	9	5	given	give	VERB
fbem-12589	9	6	:	:	PUNCT
fbem-12589	9	7	enterprises	enterprise	NOUN
fbem-12589	9	8	should	should	AUX
fbem-12589	9	9	pay	pay	VERB
fbem-12589	9	10	attention	attention	NOUN
fbem-12589	9	11	to	to	ADP
fbem-12589	9	12	digital	digital	ADJ
fbem-12589	9	13	reform	reform	NOUN
fbem-12589	9	14	and	and	CCONJ
fbem-12589	9	15	improve	improve	VERB
fbem-12589	9	16	their	their	PRON
fbem-12589	9	17	production	production	NOUN
fbem-12589	9	18	efficiency	efficiency	NOUN
fbem-12589	9	19	;	;	PUNCT
fbem-12589	9	20	at	at	ADP
fbem-12589	9	21	the	the	DET
fbem-12589	9	22	national	national	ADJ
fbem-12589	9	23	level	level	NOUN
fbem-12589	9	24	,	,	PUNCT
fbem-12589	9	25	we	we	PRON
fbem-12589	9	26	should	should	AUX
fbem-12589	9	27	continue	continue	VERB
fbem-12589	9	28	to	to	PART
fbem-12589	9	29	deepen	deepen	VERB
fbem-12589	9	30	the	the	DET
fbem-12589	9	31	reform	reform	NOUN
fbem-12589	9	32	of	of	ADP
fbem-12589	9	33	the	the	DET
fbem-12589	9	34	digital	digital	ADJ
fbem-12589	9	35	economy	economy	NOUN
fbem-12589	9	36	system	system	NOUN
fbem-12589	9	37	and	and	CCONJ
fbem-12589	9	38	guide	guide	VERB
fbem-12589	9	39	enterprises	enterprise	NOUN
fbem-12589	9	40	to	to	PART
fbem-12589	9	41	develop	develop	VERB
fbem-12589	9	42	healthily	healthily	ADV
fbem-12589	9	43	.	.	PUNCT
fbem-12589	10	1	keywords	keyword	NOUN
fbem-12589	10	2	:	:	PUNCT
fbem-12589	10	3	digital	digital	ADJ
fbem-12589	10	4	economy	economy	NOUN
fbem-12589	10	5	;	;	PUNCT
fbem-12589	10	6	real	real	ADJ
fbem-12589	10	7	economy	economy	NOUN
fbem-12589	10	8	;	;	PUNCT
fbem-12589	10	9	listed	list	VERB
fbem-12589	10	10	company	company	NOUN
fbem-12589	10	11	.	.	PUNCT
fbem-12589	11	1	1	1	X
fbem-12589	11	2	.	.	X
fbem-12589	11	3	introduction	introduction	NOUN
fbem-12589	11	4	in	in	ADP
fbem-12589	11	5	2016	2016	NUM
fbem-12589	11	6	,	,	PUNCT
fbem-12589	11	7	the	the	DET
fbem-12589	11	8	scale	scale	NOUN
fbem-12589	11	9	of	of	ADP
fbem-12589	11	10	china	china	PROPN
fbem-12589	11	11	's	's	PART
fbem-12589	11	12	digital	digital	ADJ
fbem-12589	11	13	economy	economy	NOUN
fbem-12589	11	14	was	be	AUX
fbem-12589	11	15	22.4	22.4	NUM
fbem-12589	11	16	trillion	trillion	NUM
fbem-12589	11	17	yuan	yuan	NOUN
fbem-12589	11	18	,	,	PUNCT
fbem-12589	11	19	and	and	CCONJ
fbem-12589	11	20	in	in	ADP
fbem-12589	11	21	2019	2019	NUM
fbem-12589	11	22	it	it	PRON
fbem-12589	11	23	reached	reach	VERB
fbem-12589	11	24	35.8	35.8	NUM
fbem-12589	11	25	trillion	trillion	NUM
fbem-12589	11	26	yuan	yuan	NOUN
fbem-12589	11	27	,	,	PUNCT
fbem-12589	11	28	accounting	account	VERB
fbem-12589	11	29	for	for	ADP
fbem-12589	11	30	36.2	36.2	NUM
fbem-12589	11	31	%	%	NOUN
fbem-12589	11	32	of	of	ADP
fbem-12589	11	33	gdp	gdp	NOUN
fbem-12589	11	34	.	.	PUNCT
fbem-12589	12	1	according	accord	VERB
fbem-12589	12	2	to	to	ADP
fbem-12589	12	3	comparable	comparable	ADJ
fbem-12589	12	4	standards	standard	NOUN
fbem-12589	12	5	,	,	PUNCT
fbem-12589	12	6	the	the	DET
fbem-12589	12	7	year	year	NOUN
fbem-12589	12	8	-	-	PUNCT
fbem-12589	12	9	on	on	ADP
fbem-12589	12	10	-	-	PUNCT
fbem-12589	12	11	year	year	NOUN
fbem-12589	12	12	nominal	nominal	ADJ
fbem-12589	12	13	growth	growth	NOUN
fbem-12589	12	14	rate	rate	NOUN
fbem-12589	12	15	was	be	AUX
fbem-12589	12	16	15.6	15.6	NUM
fbem-12589	12	17	%	%	NOUN
fbem-12589	12	18	,	,	PUNCT
fbem-12589	12	19	far	far	ADV
fbem-12589	12	20	higher	high	ADJ
fbem-12589	12	21	than	than	ADP
fbem-12589	12	22	the	the	DET
fbem-12589	12	23	gdp	gdp	NOUN
fbem-12589	12	24	growth	growth	NOUN
fbem-12589	12	25	rate	rate	NOUN
fbem-12589	12	26	.	.	PUNCT
fbem-12589	13	1	what	what	PRON
fbem-12589	13	2	is	be	AUX
fbem-12589	13	3	the	the	DET
fbem-12589	13	4	digital	digital	ADJ
fbem-12589	13	5	economy	economy	NOUN
fbem-12589	13	6	?	?	PUNCT
fbem-12589	14	1	this	this	DET
fbem-12589	14	2	article	article	NOUN
fbem-12589	14	3	believes	believe	VERB
fbem-12589	14	4	that	that	SCONJ
fbem-12589	14	5	the	the	DET
fbem-12589	14	6	digital	digital	ADJ
fbem-12589	14	7	economy	economy	NOUN
fbem-12589	14	8	is	be	AUX
fbem-12589	14	9	not	not	PART
fbem-12589	14	10	simply	simply	ADV
fbem-12589	14	11	a	a	DET
fbem-12589	14	12	combination	combination	NOUN
fbem-12589	14	13	of	of	ADP
fbem-12589	14	14	enterprises	enterprise	NOUN
fbem-12589	14	15	and	and	CCONJ
fbem-12589	14	16	the	the	DET
fbem-12589	14	17	internet	internet	NOUN
fbem-12589	14	18	,	,	PUNCT
fbem-12589	14	19	but	but	CCONJ
fbem-12589	14	20	a	a	DET
fbem-12589	14	21	new	new	ADJ
fbem-12589	14	22	economic	economic	ADJ
fbem-12589	14	23	development	development	NOUN
fbem-12589	14	24	concept	concept	NOUN
fbem-12589	14	25	based	base	VERB
fbem-12589	14	26	on	on	ADP
fbem-12589	14	27	intelligent	intelligent	ADJ
fbem-12589	14	28	manufacturing	manufacturing	NOUN
fbem-12589	14	29	,	,	PUNCT
fbem-12589	14	30	using	use	VERB
fbem-12589	14	31	the	the	DET
fbem-12589	14	32	internet	internet	NOUN
fbem-12589	14	33	as	as	ADP
fbem-12589	14	34	a	a	DET
fbem-12589	14	35	channel	channel	NOUN
fbem-12589	14	36	,	,	PUNCT
fbem-12589	14	37	big	big	ADJ
fbem-12589	14	38	data	datum	NOUN
fbem-12589	14	39	analysis	analysis	NOUN
fbem-12589	14	40	as	as	ADP
fbem-12589	14	41	a	a	DET
fbem-12589	14	42	sales	sale	NOUN
fbem-12589	14	43	reference	reference	NOUN
fbem-12589	14	44	,	,	PUNCT
fbem-12589	14	45	integrating	integrate	VERB
fbem-12589	14	46	digital	digital	ADJ
fbem-12589	14	47	informatization	informatization	NOUN
fbem-12589	14	48	into	into	ADP
fbem-12589	14	49	the	the	DET
fbem-12589	14	50	process	process	NOUN
fbem-12589	14	51	of	of	ADP
fbem-12589	14	52	enterprise	enterprise	NOUN
fbem-12589	14	53	development	development	NOUN
fbem-12589	14	54	,	,	PUNCT
fbem-12589	14	55	and	and	CCONJ
fbem-12589	14	56	continuously	continuously	ADV
fbem-12589	14	57	promoting	promote	VERB
fbem-12589	14	58	the	the	DET
fbem-12589	14	59	upgrading	upgrading	NOUN
fbem-12589	14	60	of	of	ADP
fbem-12589	14	61	self	self	NOUN
fbem-12589	14	62	manufacturing	manufacturing	NOUN
fbem-12589	14	63	.	.	PUNCT
fbem-12589	15	1	as	as	ADP
fbem-12589	15	2	a	a	DET
fbem-12589	15	3	huge	huge	ADJ
fbem-12589	15	4	developing	develop	VERB
fbem-12589	15	5	country	country	NOUN
fbem-12589	15	6	,	,	PUNCT
fbem-12589	15	7	the	the	DET
fbem-12589	15	8	real	real	ADJ
fbem-12589	15	9	economy	economy	NOUN
fbem-12589	15	10	is	be	AUX
fbem-12589	15	11	the	the	DET
fbem-12589	15	12	foundation	foundation	NOUN
fbem-12589	15	13	of	of	ADP
fbem-12589	15	14	china	china	PROPN
fbem-12589	15	15	's	's	PART
fbem-12589	15	16	economy	economy	NOUN
fbem-12589	15	17	,	,	PUNCT
fbem-12589	15	18	and	and	CCONJ
fbem-12589	15	19	the	the	DET
fbem-12589	15	20	manufacturing	manufacturing	NOUN
fbem-12589	15	21	industry	industry	NOUN
fbem-12589	15	22	contributes	contribute	VERB
fbem-12589	15	23	the	the	DET
fbem-12589	15	24	most	most	ADJ
fbem-12589	15	25	to	to	ADP
fbem-12589	15	26	the	the	DET
fbem-12589	15	27	real	real	ADJ
fbem-12589	15	28	economy	economy	NOUN
fbem-12589	15	29	.	.	PUNCT
fbem-12589	16	1	in	in	ADP
fbem-12589	16	2	recent	recent	ADJ
fbem-12589	16	3	years	year	NOUN
fbem-12589	16	4	,	,	PUNCT
fbem-12589	16	5	how	how	SCONJ
fbem-12589	16	6	to	to	PART
fbem-12589	16	7	promote	promote	VERB
fbem-12589	16	8	the	the	DET
fbem-12589	16	9	digital	digital	ADJ
fbem-12589	16	10	transformation	transformation	NOUN
fbem-12589	16	11	of	of	ADP
fbem-12589	16	12	the	the	DET
fbem-12589	16	13	manufacturing	manufacturing	NOUN
fbem-12589	16	14	industry	industry	NOUN
fbem-12589	16	15	has	have	AUX
fbem-12589	16	16	become	become	VERB
fbem-12589	16	17	a	a	DET
fbem-12589	16	18	hot	hot	ADJ
fbem-12589	16	19	topic	topic	NOUN
fbem-12589	16	20	,	,	PUNCT
fbem-12589	16	21	because	because	SCONJ
fbem-12589	16	22	the	the	DET
fbem-12589	16	23	digital	digital	ADJ
fbem-12589	16	24	transformation	transformation	NOUN
fbem-12589	16	25	of	of	ADP
fbem-12589	16	26	the	the	DET
fbem-12589	16	27	manufacturing	manufacturing	NOUN
fbem-12589	16	28	industry	industry	NOUN
fbem-12589	16	29	not	not	PART
fbem-12589	16	30	only	only	ADV
fbem-12589	16	31	means	mean	VERB
fbem-12589	16	32	accurate	accurate	ADJ
fbem-12589	16	33	production	production	NOUN
fbem-12589	16	34	direction	direction	NOUN
fbem-12589	16	35	,	,	PUNCT
fbem-12589	16	36	intensive	intensive	ADJ
fbem-12589	16	37	cost	cost	NOUN
fbem-12589	16	38	of	of	ADP
fbem-12589	16	39	raw	raw	ADJ
fbem-12589	16	40	materials	material	NOUN
fbem-12589	16	41	,	,	PUNCT
fbem-12589	16	42	upgrading	upgrading	NOUN
fbem-12589	16	43	and	and	CCONJ
fbem-12589	16	44	iteration	iteration	NOUN
fbem-12589	16	45	of	of	ADP
fbem-12589	16	46	production	production	NOUN
fbem-12589	16	47	technology	technology	NOUN
fbem-12589	16	48	,	,	PUNCT
fbem-12589	16	49	but	but	CCONJ
fbem-12589	16	50	also	also	ADV
fbem-12589	16	51	has	have	VERB
fbem-12589	16	52	a	a	DET
fbem-12589	16	53	significant	significant	ADJ
fbem-12589	16	54	improvement	improvement	NOUN
fbem-12589	16	55	effect	effect	NOUN
fbem-12589	16	56	on	on	ADP
fbem-12589	16	57	the	the	DET
fbem-12589	16	58	environmental	environmental	ADJ
fbem-12589	16	59	ecology	ecology	NOUN
fbem-12589	16	60	,	,	PUNCT
fbem-12589	16	61	that	that	PRON
fbem-12589	16	62	is	be	AUX
fbem-12589	16	63	to	to	PART
fbem-12589	16	64	say	say	VERB
fbem-12589	16	65	,	,	PUNCT
fbem-12589	16	66	such	such	DET
fbem-12589	16	67	a	a	DET
fbem-12589	16	68	transformation	transformation	NOUN
fbem-12589	16	69	can	can	AUX
fbem-12589	16	70	not	not	PART
fbem-12589	16	71	only	only	ADV
fbem-12589	16	72	promote	promote	VERB
fbem-12589	16	73	positive	positive	ADJ
fbem-12589	16	74	internal	internal	ADJ
fbem-12589	16	75	development	development	NOUN
fbem-12589	16	76	,	,	PUNCT
fbem-12589	16	77	but	but	CCONJ
fbem-12589	16	78	also	also	ADV
fbem-12589	16	79	have	have	VERB
fbem-12589	16	80	a	a	DET
fbem-12589	16	81	positive	positive	ADJ
fbem-12589	16	82	incentive	incentive	NOUN
fbem-12589	16	83	effect	effect	NOUN
fbem-12589	16	84	on	on	ADP
fbem-12589	16	85	external	external	ADJ
fbem-12589	16	86	factors	factor	NOUN
fbem-12589	16	87	.	.	PUNCT
fbem-12589	17	1	the	the	DET
fbem-12589	17	2	report	report	NOUN
fbem-12589	17	3	of	of	ADP
fbem-12589	17	4	the	the	DET
fbem-12589	17	5	19th	19th	ADJ
fbem-12589	17	6	national	national	ADJ
fbem-12589	17	7	congress	congress	PROPN
fbem-12589	17	8	of	of	ADP
fbem-12589	17	9	the	the	DET
fbem-12589	17	10	communist	communist	PROPN
fbem-12589	17	11	party	party	PROPN
fbem-12589	17	12	of	of	ADP
fbem-12589	17	13	china	china	PROPN
fbem-12589	17	14	on	on	ADP
fbem-12589	17	15	"	"	PUNCT
fbem-12589	17	16	promoting	promote	VERB
fbem-12589	17	17	china	china	PROPN
fbem-12589	17	18	's	's	PART
fbem-12589	17	19	industry	industry	NOUN
fbem-12589	17	20	to	to	PART
fbem-12589	17	21	move	move	VERB
fbem-12589	17	22	towards	towards	ADP
fbem-12589	17	23	the	the	DET
fbem-12589	17	24	middle	middle	ADJ
fbem-12589	17	25	and	and	CCONJ
fbem-12589	17	26	high	high	ADJ
fbem-12589	17	27	end	end	NOUN
fbem-12589	17	28	of	of	ADP
fbem-12589	17	29	the	the	DET
fbem-12589	17	30	global	global	ADJ
fbem-12589	17	31	value	value	NOUN
fbem-12589	17	32	chain	chain	NOUN
fbem-12589	17	33	"	"	PUNCT
fbem-12589	17	34	highlights	highlight	NOUN
fbem-12589	17	35	the	the	DET
fbem-12589	17	36	strategic	strategic	ADJ
fbem-12589	17	37	urgency	urgency	NOUN
fbem-12589	17	38	of	of	ADP
fbem-12589	17	39	how	how	SCONJ
fbem-12589	17	40	to	to	PART
fbem-12589	17	41	achieve	achieve	VERB
fbem-12589	17	42	the	the	DET
fbem-12589	17	43	upgrading	upgrading	NOUN
fbem-12589	17	44	of	of	ADP
fbem-12589	17	45	the	the	DET
fbem-12589	17	46	manufacturing	manufacturing	NOUN
fbem-12589	17	47	industry	industry	NOUN
fbem-12589	17	48	.	.	PUNCT
fbem-12589	18	1	for	for	ADP
fbem-12589	18	2	a	a	DET
fbem-12589	18	3	long	long	ADJ
fbem-12589	18	4	time	time	NOUN
fbem-12589	18	5	,	,	PUNCT
fbem-12589	18	6	the	the	DET
fbem-12589	18	7	model	model	NOUN
fbem-12589	18	8	of	of	ADP
fbem-12589	18	9	china	china	PROPN
fbem-12589	18	10	's	's	PART
fbem-12589	18	11	manufacturing	manufacturing	NOUN
fbem-12589	18	12	industry	industry	NOUN
fbem-12589	18	13	embedding	embed	VERB
fbem-12589	18	14	the	the	DET
fbem-12589	18	15	global	global	ADJ
fbem-12589	18	16	value	value	NOUN
fbem-12589	18	17	chain	chain	NOUN
fbem-12589	18	18	from	from	ADP
fbem-12589	18	19	the	the	DET
fbem-12589	18	20	low	low	ADJ
fbem-12589	18	21	end	end	NOUN
fbem-12589	18	22	of	of	ADP
fbem-12589	18	23	the	the	DET
fbem-12589	18	24	value	value	NOUN
fbem-12589	18	25	chain	chain	NOUN
fbem-12589	18	26	to	to	PART
fbem-12589	18	27	participate	participate	VERB
fbem-12589	18	28	in	in	ADP
fbem-12589	18	29	global	global	ADJ
fbem-12589	18	30	division	division	NOUN
fbem-12589	18	31	of	of	ADP
fbem-12589	18	32	labor	labor	NOUN
fbem-12589	18	33	has	have	AUX
fbem-12589	18	34	not	not	PART
fbem-12589	18	35	only	only	ADV
fbem-12589	18	36	failed	fail	VERB
fbem-12589	18	37	to	to	PART
fbem-12589	18	38	achieve	achieve	VERB
fbem-12589	18	39	the	the	DET
fbem-12589	18	40	high	high	ADJ
fbem-12589	18	41	-	-	PUNCT
fbem-12589	18	42	end	end	NOUN
fbem-12589	18	43	climb	climb	NOUN
fbem-12589	18	44	of	of	ADP
fbem-12589	18	45	the	the	DET
fbem-12589	18	46	value	value	NOUN
fbem-12589	18	47	chain	chain	NOUN
fbem-12589	18	48	,	,	PUNCT
fbem-12589	18	49	but	but	CCONJ
fbem-12589	18	50	also	also	ADV
fbem-12589	18	51	has	have	VERB
fbem-12589	18	52	the	the	DET
fbem-12589	18	53	risk	risk	NOUN
fbem-12589	18	54	of	of	ADP
fbem-12589	18	55	falling	fall	VERB
fbem-12589	18	56	into	into	ADP
fbem-12589	18	57	the	the	DET
fbem-12589	18	58	"	"	PUNCT
fbem-12589	18	59	low	low	ADJ
fbem-12589	18	60	-	-	PUNCT
fbem-12589	18	61	end	end	NOUN
fbem-12589	18	62	lock	lock	NOUN
fbem-12589	18	63	-	-	PUNCT
fbem-12589	18	64	in	in	ADP
fbem-12589	18	65	"	"	PUNCT
fbem-12589	18	66	trap	trap	NOUN
fbem-12589	18	67	of	of	ADP
fbem-12589	18	68	developed	develop	VERB
fbem-12589	18	69	countries	country	NOUN
fbem-12589	18	70	.	.	PUNCT
fbem-12589	19	1	to	to	PART
fbem-12589	19	2	break	break	VERB
fbem-12589	19	3	this	this	DET
fbem-12589	19	4	dilemma	dilemma	NOUN
fbem-12589	19	5	,	,	PUNCT
fbem-12589	19	6	we	we	PRON
fbem-12589	19	7	must	must	AUX
fbem-12589	19	8	break	break	VERB
fbem-12589	19	9	away	away	ADV
fbem-12589	19	10	from	from	ADP
fbem-12589	19	11	the	the	DET
fbem-12589	19	12	logic	logic	NOUN
fbem-12589	19	13	of	of	ADP
fbem-12589	19	14	"	"	PUNCT
fbem-12589	19	15	embedded	embed	VERB
fbem-12589	19	16	upgrade	upgrade	NOUN
fbem-12589	19	17	"	"	PUNCT
fbem-12589	19	18	thinking	thinking	NOUN
fbem-12589	19	19	.	.	PUNCT
fbem-12589	20	1	obviously	obviously	ADV
fbem-12589	20	2	,	,	PUNCT
fbem-12589	20	3	whether	whether	SCONJ
fbem-12589	20	4	the	the	DET
fbem-12589	20	5	existing	exist	VERB
fbem-12589	20	6	global	global	ADJ
fbem-12589	20	7	value	value	NOUN
fbem-12589	20	8	chain	chain	NOUN
fbem-12589	20	9	division	division	NOUN
fbem-12589	20	10	of	of	ADP
fbem-12589	20	11	labor	labor	NOUN
fbem-12589	20	12	system	system	NOUN
fbem-12589	20	13	can	can	AUX
fbem-12589	20	14	be	be	AUX
fbem-12589	20	15	reconstructed	reconstruct	VERB
fbem-12589	20	16	is	be	AUX
fbem-12589	20	17	the	the	DET
fbem-12589	20	18	key	key	NOUN
fbem-12589	20	19	to	to	ADP
fbem-12589	20	20	solving	solve	VERB
fbem-12589	20	21	this	this	DET
fbem-12589	20	22	problem	problem	NOUN
fbem-12589	20	23	.	.	PUNCT
fbem-12589	21	1	the	the	DET
fbem-12589	21	2	rapid	rapid	ADJ
fbem-12589	21	3	rise	rise	NOUN
fbem-12589	21	4	of	of	ADP
fbem-12589	21	5	the	the	DET
fbem-12589	21	6	digital	digital	ADJ
fbem-12589	21	7	economy	economy	NOUN
fbem-12589	21	8	has	have	AUX
fbem-12589	21	9	triggered	trigger	VERB
fbem-12589	21	10	the	the	DET
fbem-12589	21	11	restructuring	restructuring	NOUN
fbem-12589	21	12	of	of	ADP
fbem-12589	21	13	the	the	DET
fbem-12589	21	14	manufacturing	manufacturing	NOUN
fbem-12589	21	15	value	value	NOUN
fbem-12589	21	16	chain	chain	NOUN
fbem-12589	21	17	,	,	PUNCT
fbem-12589	21	18	which	which	PRON
fbem-12589	21	19	provides	provide	VERB
fbem-12589	21	20	a	a	DET
fbem-12589	21	21	new	new	ADJ
fbem-12589	21	22	opportunity	opportunity	NOUN
fbem-12589	21	23	to	to	PART
fbem-12589	21	24	solve	solve	VERB
fbem-12589	21	25	this	this	DET
fbem-12589	21	26	problem	problem	NOUN
fbem-12589	21	27	and	and	CCONJ
fbem-12589	21	28	will	will	AUX
fbem-12589	21	29	also	also	ADV
fbem-12589	21	30	become	become	VERB
fbem-12589	21	31	a	a	DET
fbem-12589	21	32	new	new	ADJ
fbem-12589	21	33	topic	topic	NOUN
fbem-12589	21	34	of	of	ADP
fbem-12589	21	35	academic	academic	ADJ
fbem-12589	21	36	research	research	NOUN
fbem-12589	21	37	.	.	PUNCT
fbem-12589	22	1	the	the	DET
fbem-12589	22	2	improvement	improvement	NOUN
fbem-12589	22	3	of	of	ADP
fbem-12589	22	4	the	the	DET
fbem-12589	22	5	degree	degree	NOUN
fbem-12589	22	6	of	of	ADP
fbem-12589	22	7	digital	digital	ADJ
fbem-12589	22	8	transformation	transformation	NOUN
fbem-12589	22	9	of	of	ADP
fbem-12589	22	10	enterprises	enterprise	NOUN
fbem-12589	22	11	can	can	AUX
fbem-12589	22	12	improve	improve	VERB
fbem-12589	22	13	information	information	NOUN
fbem-12589	22	14	asymmetry	asymmetry	NOUN
fbem-12589	22	15	and	and	CCONJ
fbem-12589	22	16	strengthen	strengthen	VERB
fbem-12589	22	17	positive	positive	ADJ
fbem-12589	22	18	market	market	NOUN
fbem-12589	22	19	expectations	expectation	NOUN
fbem-12589	22	20	,	,	PUNCT
fbem-12589	22	21	promote	promote	VERB
fbem-12589	22	22	the	the	DET
fbem-12589	22	23	improvement	improvement	NOUN
fbem-12589	22	24	of	of	ADP
fbem-12589	22	25	r&d	r&d	NOUN
fbem-12589	22	26	investment	investment	NOUN
fbem-12589	22	27	and	and	CCONJ
fbem-12589	22	28	innovation	innovation	NOUN
fbem-12589	22	29	output	output	NOUN
fbem-12589	22	30	performance	performance	NOUN
fbem-12589	22	31	,	,	PUNCT
fbem-12589	22	32	and	and	CCONJ
fbem-12589	22	33	enhance	enhance	VERB
fbem-12589	22	34	enterprise	enterprise	NOUN
fbem-12589	22	35	value	value	NOUN
fbem-12589	22	36	and	and	CCONJ
fbem-12589	22	37	financial	financial	ADJ
fbem-12589	22	38	stability	stability	NOUN
fbem-12589	22	39	.	.	PUNCT
fbem-12589	23	1	all	all	PRON
fbem-12589	23	2	of	of	ADP
fbem-12589	23	3	these	these	DET
fbem-12589	23	4	help	help	NOUN
fbem-12589	23	5	to	to	PART
fbem-12589	23	6	enhance	enhance	VERB
fbem-12589	23	7	the	the	DET
fbem-12589	23	8	liquidity	liquidity	NOUN
fbem-12589	23	9	level	level	NOUN
fbem-12589	23	10	of	of	ADP
fbem-12589	23	11	enterprise	enterprise	NOUN
fbem-12589	23	12	stocks	stock	NOUN
fbem-12589	23	13	.	.	PUNCT
fbem-12589	24	1	under	under	ADP
fbem-12589	24	2	the	the	DET
fbem-12589	24	3	favorable	favorable	ADJ
fbem-12589	24	4	development	development	NOUN
fbem-12589	24	5	of	of	ADP
fbem-12589	24	6	financial	financial	ADJ
fbem-12589	24	7	technology	technology	NOUN
fbem-12589	24	8	and	and	CCONJ
fbem-12589	24	9	digital	digital	ADJ
fbem-12589	24	10	finance	finance	NOUN
fbem-12589	24	11	,	,	PUNCT
fbem-12589	24	12	the	the	DET
fbem-12589	24	13	digital	digital	ADJ
fbem-12589	24	14	transformation	transformation	NOUN
fbem-12589	24	15	of	of	ADP
fbem-12589	24	16	enterprises	enterprise	NOUN
fbem-12589	24	17	has	have	VERB
fbem-12589	24	18	a	a	DET
fbem-12589	24	19	more	more	ADV
fbem-12589	24	20	significant	significant	ADJ
fbem-12589	24	21	effect	effect	NOUN
fbem-12589	24	22	on	on	ADP
fbem-12589	24	23	improving	improve	VERB
fbem-12589	24	24	stock	stock	NOUN
fbem-12589	24	25	liquidity	liquidity	NOUN
fbem-12589	24	26	.	.	PUNCT
fbem-12589	25	1	(	(	PUNCT
fbem-12589	25	2	wu	wu	PROPN
fbem-12589	25	3	fei	fei	PROPN
fbem-12589	25	4	,	,	PUNCT
fbem-12589	25	5	2021	2021	NUM
fbem-12589	25	6	)	)	PUNCT
fbem-12589	25	7	at	at	ADP
fbem-12589	25	8	the	the	DET
fbem-12589	25	9	macro	macro	ADJ
fbem-12589	25	10	level	level	NOUN
fbem-12589	25	11	,	,	PUNCT
fbem-12589	25	12	the	the	DET
fbem-12589	25	13	digital	digital	ADJ
fbem-12589	25	14	economy	economy	NOUN
fbem-12589	25	15	can	can	AUX
fbem-12589	25	16	promote	promote	VERB
fbem-12589	25	17	economic	economic	ADJ
fbem-12589	25	18	growth	growth	NOUN
fbem-12589	25	19	through	through	ADP
fbem-12589	25	20	three	three	NUM
fbem-12589	25	21	paths	path	NOUN
fbem-12589	25	22	:	:	PUNCT
fbem-12589	25	23	new	new	ADJ
fbem-12589	25	24	input	input	NOUN
fbem-12589	25	25	factors	factor	NOUN
fbem-12589	25	26	,	,	PUNCT
fbem-12589	25	27	new	new	ADJ
fbem-12589	25	28	resource	resource	NOUN
fbem-12589	25	29	allocation	allocation	NOUN
fbem-12589	25	30	efficiency	efficiency	NOUN
fbem-12589	25	31	,	,	PUNCT
fbem-12589	25	32	and	and	CCONJ
fbem-12589	25	33	new	new	ADJ
fbem-12589	25	34	total	total	ADJ
fbem-12589	25	35	factor	factor	NOUN
fbem-12589	25	36	productivity[1	productivity[1	NOUN
fbem-12589	25	37	]	]	PUNCT
fbem-12589	25	38	.	.	PUNCT
fbem-12589	26	1	the	the	DET
fbem-12589	26	2	digital	digital	ADJ
fbem-12589	26	3	economy	economy	NOUN
fbem-12589	26	4	also	also	ADV
fbem-12589	26	5	has	have	VERB
fbem-12589	26	6	a	a	DET
fbem-12589	26	7	self	self	NOUN
fbem-12589	26	8	growth	growth	NOUN
fbem-12589	26	9	model	model	NOUN
fbem-12589	26	10	similar	similar	ADJ
fbem-12589	26	11	to	to	ADP
fbem-12589	26	12	that	that	PRON
fbem-12589	26	13	proposed	propose	VERB
fbem-12589	26	14	by	by	ADP
fbem-12589	26	15	smith	smith	PROPN
fbem-12589	26	16	;	;	PUNCT
fbem-12589	26	17	the	the	DET
fbem-12589	26	18	rapid	rapid	ADJ
fbem-12589	26	19	development	development	NOUN
fbem-12589	26	20	of	of	ADP
fbem-12589	26	21	the	the	DET
fbem-12589	26	22	digital	digital	ADJ
fbem-12589	26	23	economy	economy	NOUN
fbem-12589	26	24	can	can	AUX
fbem-12589	26	25	provide	provide	VERB
fbem-12589	26	26	better	well	ADJ
fbem-12589	26	27	matching	matching	NOUN
fbem-12589	26	28	mechanisms	mechanism	NOUN
fbem-12589	26	29	and	and	CCONJ
fbem-12589	26	30	innovation	innovation	NOUN
fbem-12589	26	31	incentives	incentive	NOUN
fbem-12589	26	32	for	for	ADP
fbem-12589	26	33	the	the	DET
fbem-12589	26	34	construction	construction	NOUN
fbem-12589	26	35	of	of	ADP
fbem-12589	26	36	china	china	PROPN
fbem-12589	26	37	's	's	PART
fbem-12589	26	38	modern	modern	ADJ
fbem-12589	26	39	economic	economic	ADJ
fbem-12589	26	40	system	system	NOUN
fbem-12589	26	41	.	.	PUNCT
fbem-12589	27	1	(	(	PUNCT
fbem-12589	27	2	jing	jing	NOUN
fbem-12589	27	3	wenjun	wenjun	NOUN
fbem-12589	27	4	,	,	PUNCT
fbem-12589	27	5	2019	2019	NUM
fbem-12589	27	6	)	)	PUNCT
fbem-12589	27	7	the	the	DET
fbem-12589	27	8	internet	internet	NOUN
fbem-12589	27	9	transformation	transformation	NOUN
fbem-12589	27	10	of	of	ADP
fbem-12589	27	11	enterprises	enterprise	NOUN
fbem-12589	27	12	has	have	VERB
fbem-12589	27	13	a	a	DET
fbem-12589	27	14	significant	significant	ADJ
fbem-12589	27	15	improvement	improvement	NOUN
fbem-12589	27	16	effect	effect	NOUN
fbem-12589	27	17	on	on	ADP
fbem-12589	27	18	the	the	DET
fbem-12589	27	19	innovation	innovation	NOUN
fbem-12589	27	20	ability	ability	NOUN
fbem-12589	27	21	of	of	ADP
fbem-12589	27	22	chinese	chinese	ADJ
fbem-12589	27	23	enterprises	enterprise	NOUN
fbem-12589	27	24	,	,	PUNCT
fbem-12589	27	25	and	and	CCONJ
fbem-12589	27	26	low	low	ADJ
fbem-12589	27	27	196	196	NUM
fbem-12589	27	28	productivity	productivity	NOUN
fbem-12589	27	29	enterprises	enterprise	NOUN
fbem-12589	27	30	and	and	CCONJ
fbem-12589	27	31	small	small	ADJ
fbem-12589	27	32	and	and	CCONJ
fbem-12589	27	33	medium	medium	ADJ
fbem-12589	27	34	-	-	PUNCT
fbem-12589	27	35	sized	sized	ADJ
fbem-12589	27	36	enterprises	enterprise	NOUN
fbem-12589	27	37	can	can	AUX
fbem-12589	27	38	benefit	benefit	VERB
fbem-12589	27	39	from	from	ADP
fbem-12589	27	40	it[2	it[2	PROPN
fbem-12589	27	41	]	]	PUNCT
fbem-12589	27	42	;	;	PUNCT
fbem-12589	27	43	internetization	internetization	NOUN
fbem-12589	27	44	of	of	ADP
fbem-12589	27	45	enterprises	enterprise	NOUN
fbem-12589	27	46	is	be	AUX
fbem-12589	27	47	defined	define	VERB
fbem-12589	27	48	as	as	ADP
fbem-12589	27	49	the	the	DET
fbem-12589	27	50	process	process	NOUN
fbem-12589	27	51	of	of	ADP
fbem-12589	27	52	bidirectional	bidirectional	ADJ
fbem-12589	27	53	information	information	NOUN
fbem-12589	27	54	exchange	exchange	NOUN
fbem-12589	27	55	between	between	ADP
fbem-12589	27	56	enterprises	enterprise	NOUN
fbem-12589	27	57	and	and	CCONJ
fbem-12589	27	58	the	the	DET
fbem-12589	27	59	outside	outside	ADJ
fbem-12589	27	60	world	world	NOUN
fbem-12589	27	61	through	through	ADP
fbem-12589	27	62	the	the	DET
fbem-12589	27	63	internet	internet	NOUN
fbem-12589	27	64	,	,	PUNCT
fbem-12589	27	65	in	in	ADP
fbem-12589	27	66	order	order	NOUN
fbem-12589	27	67	to	to	PART
fbem-12589	27	68	reduce	reduce	VERB
fbem-12589	27	69	the	the	DET
fbem-12589	27	70	cost	cost	NOUN
fbem-12589	27	71	of	of	ADP
fbem-12589	27	72	internal	internal	ADJ
fbem-12589	27	73	communication	communication	NOUN
fbem-12589	27	74	and	and	CCONJ
fbem-12589	27	75	information	information	NOUN
fbem-12589	27	76	exchange	exchange	NOUN
fbem-12589	27	77	between	between	ADP
fbem-12589	27	78	enterprises	enterprise	NOUN
fbem-12589	27	79	and	and	CCONJ
fbem-12589	27	80	the	the	DET
fbem-12589	27	81	outside	outside	ADJ
fbem-12589	27	82	world	world	NOUN
fbem-12589	27	83	,	,	PUNCT
fbem-12589	27	84	improve	improve	VERB
fbem-12589	27	85	communication	communication	NOUN
fbem-12589	27	86	efficiency	efficiency	NOUN
fbem-12589	27	87	,	,	PUNCT
fbem-12589	27	88	and	and	CCONJ
fbem-12589	27	89	learn	learn	VERB
fbem-12589	27	90	external	external	ADJ
fbem-12589	27	91	knowledge	knowledge	NOUN
fbem-12589	27	92	and	and	CCONJ
fbem-12589	27	93	experience	experience	NOUN
fbem-12589	27	94	.	.	PUNCT
fbem-12589	28	1	(	(	PUNCT
fbem-12589	28	2	shen	shen	NOUN
fbem-12589	28	3	guobing	guobing	NOUN
fbem-12589	28	4	,	,	PUNCT
fbem-12589	28	5	yuan	yuan	NOUN
fbem-12589	28	6	zhengyu	zhengyu	NOUN
fbem-12589	28	7	,	,	PUNCT
fbem-12589	28	8	2020	2020	NUM
fbem-12589	28	9	)	)	PUNCT
fbem-12589	28	10	the	the	DET
fbem-12589	28	11	internet	internet	NOUN
fbem-12589	28	12	has	have	AUX
fbem-12589	28	13	significantly	significantly	ADV
fbem-12589	28	14	promoted	promote	VERB
fbem-12589	28	15	enterprise	enterprise	NOUN
fbem-12589	28	16	exports	export	NOUN
fbem-12589	28	17	,	,	PUNCT
fbem-12589	28	18	and	and	CCONJ
fbem-12589	28	19	its	its	PRON
fbem-12589	28	20	impact	impact	NOUN
fbem-12589	28	21	on	on	ADP
fbem-12589	28	22	enterprise	enterprise	NOUN
fbem-12589	28	23	exports	export	NOUN
fbem-12589	28	24	is	be	AUX
fbem-12589	28	25	greater	great	ADJ
fbem-12589	28	26	than	than	ADP
fbem-12589	28	27	domestic	domestic	ADJ
fbem-12589	28	28	sales	sale	NOUN
fbem-12589	28	29	,	,	PUNCT
fbem-12589	28	30	which	which	PRON
fbem-12589	28	31	will	will	AUX
fbem-12589	28	32	increase	increase	VERB
fbem-12589	28	33	the	the	DET
fbem-12589	28	34	intensity	intensity	NOUN
fbem-12589	28	35	of	of	ADP
fbem-12589	28	36	enterprise	enterprise	NOUN
fbem-12589	28	37	exports	export	NOUN
fbem-12589	28	38	;	;	PUNCT
fbem-12589	28	39	the	the	DET
fbem-12589	28	40	results	result	NOUN
fbem-12589	28	41	of	of	ADP
fbem-12589	28	42	fixed	fix	VERB
fbem-12589	28	43	effect	effect	NOUN
fbem-12589	28	44	estimation	estimation	NOUN
fbem-12589	28	45	indicate	indicate	VERB
fbem-12589	28	46	that	that	SCONJ
fbem-12589	28	47	using	use	VERB
fbem-12589	28	48	a	a	DET
fbem-12589	28	49	web	web	NOUN
fbem-12589	28	50	page	page	NOUN
fbem-12589	28	51	for	for	ADP
fbem-12589	28	52	a	a	DET
fbem-12589	28	53	company	company	NOUN
fbem-12589	28	54	will	will	AUX
fbem-12589	28	55	increase	increase	VERB
fbem-12589	28	56	its	its	PRON
fbem-12589	28	57	export	export	NOUN
fbem-12589	28	58	volume	volume	NOUN
fbem-12589	28	59	by	by	ADP
fbem-12589	28	60	40	40	NUM
fbem-12589	28	61	%	%	NOUN
fbem-12589	28	62	,	,	PUNCT
fbem-12589	28	63	and	and	CCONJ
fbem-12589	28	64	using	use	VERB
fbem-12589	28	65	email	email	NOUN
fbem-12589	28	66	will	will	AUX
fbem-12589	28	67	increase	increase	VERB
fbem-12589	28	68	its	its	PRON
fbem-12589	28	69	export	export	NOUN
fbem-12589	28	70	volume	volume	NOUN
fbem-12589	28	71	by	by	ADP
fbem-12589	28	72	37%[3	37%[3	NOUN
fbem-12589	28	73	]	]	PUNCT
fbem-12589	28	74	.	.	PUNCT
fbem-12589	29	1	the	the	DET
fbem-12589	29	2	internet	internet	NOUN
fbem-12589	29	3	has	have	AUX
fbem-12589	29	4	significantly	significantly	ADV
fbem-12589	29	5	promoted	promote	VERB
fbem-12589	29	6	enterprise	enterprise	NOUN
fbem-12589	29	7	exports	export	NOUN
fbem-12589	29	8	,	,	PUNCT
fbem-12589	29	9	and	and	CCONJ
fbem-12589	29	10	its	its	PRON
fbem-12589	29	11	impact	impact	NOUN
fbem-12589	29	12	on	on	ADP
fbem-12589	29	13	enterprise	enterprise	NOUN
fbem-12589	29	14	exports	export	NOUN
fbem-12589	29	15	is	be	AUX
fbem-12589	29	16	greater	great	ADJ
fbem-12589	29	17	than	than	ADP
fbem-12589	29	18	domestic	domestic	ADJ
fbem-12589	29	19	sales	sale	NOUN
fbem-12589	29	20	,	,	PUNCT
fbem-12589	29	21	which	which	PRON
fbem-12589	29	22	will	will	AUX
fbem-12589	29	23	increase	increase	VERB
fbem-12589	29	24	the	the	DET
fbem-12589	29	25	intensity	intensity	NOUN
fbem-12589	29	26	of	of	ADP
fbem-12589	29	27	enterprise	enterprise	NOUN
fbem-12589	29	28	exports	export	NOUN
fbem-12589	29	29	;	;	PUNCT
fbem-12589	29	30	the	the	DET
fbem-12589	29	31	results	result	NOUN
fbem-12589	29	32	of	of	ADP
fbem-12589	29	33	fixed	fix	VERB
fbem-12589	29	34	effect	effect	NOUN
fbem-12589	29	35	estimation	estimation	NOUN
fbem-12589	29	36	indicate	indicate	VERB
fbem-12589	29	37	that	that	SCONJ
fbem-12589	29	38	using	use	VERB
fbem-12589	29	39	a	a	DET
fbem-12589	29	40	web	web	NOUN
fbem-12589	29	41	page	page	NOUN
fbem-12589	29	42	for	for	ADP
fbem-12589	29	43	a	a	DET
fbem-12589	29	44	company	company	NOUN
fbem-12589	29	45	will	will	AUX
fbem-12589	29	46	increase	increase	VERB
fbem-12589	29	47	its	its	PRON
fbem-12589	29	48	export	export	NOUN
fbem-12589	29	49	volume	volume	NOUN
fbem-12589	29	50	by	by	ADP
fbem-12589	29	51	40	40	NUM
fbem-12589	29	52	%	%	NOUN
fbem-12589	29	53	,	,	PUNCT
fbem-12589	29	54	and	and	CCONJ
fbem-12589	29	55	using	use	VERB
fbem-12589	29	56	email	email	NOUN
fbem-12589	29	57	will	will	AUX
fbem-12589	29	58	increase	increase	VERB
fbem-12589	29	59	its	its	PRON
fbem-12589	29	60	export	export	NOUN
fbem-12589	29	61	volume	volume	NOUN
fbem-12589	29	62	by	by	ADP
fbem-12589	29	63	37%[4	37%[4	PROPN
fbem-12589	29	64	]	]	X
fbem-12589	29	65	.	.	PUNCT
fbem-12589	30	1	(	(	PUNCT
fbem-12589	30	2	li	li	PROPN
fbem-12589	30	3	bing	bing	PROPN
fbem-12589	30	4	and	and	CCONJ
fbem-12589	30	5	li	li	PROPN
fbem-12589	30	6	rou	rou	PROPN
fbem-12589	30	7	,	,	PUNCT
fbem-12589	30	8	2017	2017	NUM
fbem-12589	30	9	)	)	PUNCT
fbem-12589	30	10	the	the	DET
fbem-12589	30	11	advantages	advantage	NOUN
fbem-12589	30	12	and	and	CCONJ
fbem-12589	30	13	disadvantages	disadvantage	NOUN
fbem-12589	30	14	of	of	ADP
fbem-12589	30	15	digitalization	digitalization	NOUN
fbem-12589	30	16	for	for	ADP
fbem-12589	30	17	enterprises	enterprise	NOUN
fbem-12589	30	18	are	be	AUX
fbem-12589	30	19	approaching	approach	VERB
fbem-12589	30	20	perfection	perfection	NOUN
fbem-12589	30	21	in	in	ADP
fbem-12589	30	22	theory	theory	NOUN
fbem-12589	30	23	.	.	PUNCT
fbem-12589	31	1	there	there	PRON
fbem-12589	31	2	are	be	VERB
fbem-12589	31	3	few	few	ADJ
fbem-12589	31	4	empirical	empirical	ADJ
fbem-12589	31	5	analysis	analysis	NOUN
fbem-12589	31	6	papers	paper	NOUN
fbem-12589	31	7	on	on	ADP
fbem-12589	31	8	the	the	DET
fbem-12589	31	9	relationship	relationship	NOUN
fbem-12589	31	10	between	between	ADP
fbem-12589	31	11	enterprise	enterprise	NOUN
fbem-12589	31	12	development	development	NOUN
fbem-12589	31	13	and	and	CCONJ
fbem-12589	31	14	digitalization	digitalization	NOUN
fbem-12589	31	15	process	process	NOUN
fbem-12589	31	16	in	in	ADP
fbem-12589	31	17	the	the	DET
fbem-12589	31	18	literature	literature	NOUN
fbem-12589	31	19	related	relate	VERB
fbem-12589	31	20	to	to	ADP
fbem-12589	31	21	digitalization	digitalization	NOUN
fbem-12589	31	22	and	and	CCONJ
fbem-12589	31	23	enterprises	enterprise	NOUN
fbem-12589	31	24	.	.	PUNCT
fbem-12589	32	1	this	this	DET
fbem-12589	32	2	article	article	NOUN
fbem-12589	32	3	aims	aim	VERB
fbem-12589	32	4	to	to	PART
fbem-12589	32	5	examine	examine	VERB
fbem-12589	32	6	whether	whether	SCONJ
fbem-12589	32	7	the	the	DET
fbem-12589	32	8	driving	drive	VERB
fbem-12589	32	9	force	force	NOUN
fbem-12589	32	10	of	of	ADP
fbem-12589	32	11	digitalization	digitalization	NOUN
fbem-12589	32	12	on	on	ADP
fbem-12589	32	13	the	the	DET
fbem-12589	32	14	development	development	NOUN
fbem-12589	32	15	of	of	ADP
fbem-12589	32	16	the	the	DET
fbem-12589	32	17	real	real	ADJ
fbem-12589	32	18	economy	economy	NOUN
fbem-12589	32	19	is	be	AUX
fbem-12589	32	20	significant	significant	ADJ
fbem-12589	32	21	through	through	ADP
fbem-12589	32	22	empirical	empirical	ADJ
fbem-12589	32	23	research	research	NOUN
fbem-12589	32	24	on	on	ADP
fbem-12589	32	25	chinese	chinese	ADJ
fbem-12589	32	26	listed	list	VERB
fbem-12589	32	27	companies	company	NOUN
fbem-12589	32	28	.	.	PUNCT
fbem-12589	33	1	2	2	X
fbem-12589	33	2	.	.	X
fbem-12589	33	3	literature	literature	PROPN
fbem-12589	33	4	review	review	VERB
fbem-12589	33	5	humphrey	humphrey	PROPN
fbem-12589	33	6	and	and	CCONJ
fbem-12589	33	7	schmitz	schmitz	PROPN
fbem-12589	33	8	(	(	PUNCT
fbem-12589	33	9	2002	2002	NUM
fbem-12589	33	10	)	)	PUNCT
fbem-12589	33	11	first	first	ADV
fbem-12589	33	12	explored	explore	VERB
fbem-12589	33	13	the	the	DET
fbem-12589	33	14	issue	issue	NOUN
fbem-12589	33	15	of	of	ADP
fbem-12589	33	16	value	value	NOUN
fbem-12589	33	17	chain	chain	NOUN
fbem-12589	33	18	upgrading	upgrading	NOUN
fbem-12589	33	19	paths	path	NOUN
fbem-12589	33	20	in	in	ADP
fbem-12589	33	21	developing	develop	VERB
fbem-12589	33	22	countries	country	NOUN
fbem-12589	33	23	.	.	PUNCT
fbem-12589	34	1	the	the	DET
fbem-12589	34	2	academic	academic	ADJ
fbem-12589	34	3	community	community	NOUN
fbem-12589	34	4	believes	believe	VERB
fbem-12589	34	5	that	that	SCONJ
fbem-12589	34	6	there	there	PRON
fbem-12589	34	7	are	be	VERB
fbem-12589	34	8	two	two	NUM
fbem-12589	34	9	main	main	ADJ
fbem-12589	34	10	paths	path	NOUN
fbem-12589	34	11	:	:	PUNCT
fbem-12589	34	12	one	one	NUM
fbem-12589	34	13	is	be	AUX
fbem-12589	34	14	to	to	PART
fbem-12589	34	15	climb	climb	VERB
fbem-12589	34	16	or	or	CCONJ
fbem-12589	34	17	"	"	PUNCT
fbem-12589	34	18	embedded	embed	VERB
fbem-12589	34	19	"	"	PUNCT
fbem-12589	34	20	upgrade	upgrade	NOUN
fbem-12589	34	21	within	within	ADP
fbem-12589	34	22	the	the	DET
fbem-12589	34	23	existing	exist	VERB
fbem-12589	34	24	value	value	NOUN
fbem-12589	34	25	chain	chain	NOUN
fbem-12589	34	26	system	system	NOUN
fbem-12589	34	27	.	.	PUNCT
fbem-12589	35	1	developing	develop	VERB
fbem-12589	35	2	countries	country	NOUN
fbem-12589	35	3	can	can	AUX
fbem-12589	35	4	leverage	leverage	VERB
fbem-12589	35	5	their	their	PRON
fbem-12589	35	6	comparative	comparative	ADJ
fbem-12589	35	7	advantage	advantage	NOUN
fbem-12589	35	8	in	in	ADP
fbem-12589	35	9	factor	factor	NOUN
fbem-12589	35	10	costs	cost	NOUN
fbem-12589	35	11	(	(	PUNCT
fbem-12589	35	12	frederick	frederick	NOUN
fbem-12589	35	13	and	and	CCONJ
fbem-12589	35	14	gereffi	gereffi	PROPN
fbem-12589	35	15	,	,	PUNCT
fbem-12589	35	16	2011	2011	NUM
fbem-12589	35	17	)	)	PUNCT
fbem-12589	35	18	to	to	PART
fbem-12589	35	19	embed	embed	VERB
fbem-12589	35	20	and	and	CCONJ
fbem-12589	35	21	upgrade	upgrade	VERB
fbem-12589	35	22	from	from	ADP
fbem-12589	35	23	the	the	DET
fbem-12589	35	24	low	low	ADJ
fbem-12589	35	25	end	end	NOUN
fbem-12589	35	26	of	of	ADP
fbem-12589	35	27	the	the	DET
fbem-12589	35	28	global	global	ADJ
fbem-12589	35	29	value	value	NOUN
fbem-12589	35	30	chain	chain	NOUN
fbem-12589	35	31	(	(	PUNCT
fbem-12589	35	32	oliver	oliver	PROPN
fbem-12589	35	33	et	et	PROPN
fbem-12589	35	34	al	al	PROPN
fbem-12589	35	35	.	.	PROPN
fbem-12589	35	36	,	,	PUNCT
fbem-12589	35	37	2011	2011	NUM
fbem-12589	35	38	)	)	PUNCT
fbem-12589	35	39	,	,	PUNCT
fbem-12589	35	40	but	but	CCONJ
fbem-12589	35	41	they	they	PRON
fbem-12589	35	42	will	will	AUX
fbem-12589	35	43	be	be	AUX
fbem-12589	35	44	hindered	hinder	VERB
fbem-12589	35	45	by	by	ADP
fbem-12589	35	46	two	two	NUM
fbem-12589	35	47	advanced	advanced	ADJ
fbem-12589	35	48	stages	stage	NOUN
fbem-12589	35	49	of	of	ADP
fbem-12589	35	50	functional	functional	ADJ
fbem-12589	35	51	upgrading	upgrading	NOUN
fbem-12589	35	52	and	and	CCONJ
fbem-12589	35	53	chain	chain	NOUN
fbem-12589	35	54	upgrading	upgrading	NOUN
fbem-12589	35	55	(	(	PUNCT
fbem-12589	35	56	liu	liu	PROPN
fbem-12589	35	57	shouying	shouying	NOUN
fbem-12589	35	58	and	and	CCONJ
fbem-12589	35	59	yang	yang	PROPN
fbem-12589	35	60	jidong	jidong	PROPN
fbem-12589	35	61	,	,	PUNCT
fbem-12589	35	62	2019	2019	NUM
fbem-12589	35	63	)	)	PUNCT
fbem-12589	35	64	,	,	PUNCT
fbem-12589	35	65	falling	fall	VERB
fbem-12589	35	66	into	into	ADP
fbem-12589	35	67	the	the	DET
fbem-12589	35	68	"	"	PUNCT
fbem-12589	35	69	low	low	ADJ
fbem-12589	35	70	end	end	NOUN
fbem-12589	35	71	lock	lock	NOUN
fbem-12589	35	72	-	-	PUNCT
fbem-12589	35	73	in	in	ADP
fbem-12589	35	74	"	"	PUNCT
fbem-12589	35	75	trap	trap	NOUN
fbem-12589	35	76	(	(	PUNCT
fbem-12589	35	77	mc	mc	PROPN
fbem-12589	35	78	william	william	PROPN
fbem-12589	35	79	et	et	PROPN
fbem-12589	35	80	al	al	PROPN
fbem-12589	35	81	.	.	PROPN
fbem-12589	35	82	,	,	PUNCT
fbem-12589	35	83	2019	2019	NUM
fbem-12589	35	84	)	)	PUNCT
fbem-12589	35	85	.	.	PUNCT
fbem-12589	36	1	the	the	DET
fbem-12589	36	2	second	second	NOUN
fbem-12589	36	3	is	be	AUX
fbem-12589	36	4	to	to	PART
fbem-12589	36	5	break	break	VERB
fbem-12589	36	6	through	through	ADP
fbem-12589	36	7	the	the	DET
fbem-12589	36	8	existing	exist	VERB
fbem-12589	36	9	value	value	NOUN
fbem-12589	36	10	chain	chain	NOUN
fbem-12589	36	11	division	division	NOUN
fbem-12589	36	12	of	of	ADP
fbem-12589	36	13	labor	labor	NOUN
fbem-12589	36	14	system	system	NOUN
fbem-12589	36	15	and	and	CCONJ
fbem-12589	36	16	upgrade	upgrade	VERB
fbem-12589	36	17	,	,	PUNCT
fbem-12589	36	18	also	also	ADV
fbem-12589	36	19	known	know	VERB
fbem-12589	36	20	as	as	ADP
fbem-12589	36	21	"	"	PUNCT
fbem-12589	36	22	restructuring	restructure	VERB
fbem-12589	36	23	"	"	PUNCT
fbem-12589	36	24	upgrading	upgrading	NOUN
fbem-12589	36	25	.	.	PUNCT
fbem-12589	37	1	the	the	DET
fbem-12589	37	2	restructuring	restructuring	NOUN
fbem-12589	37	3	of	of	ADP
fbem-12589	37	4	the	the	DET
fbem-12589	37	5	global	global	ADJ
fbem-12589	37	6	value	value	NOUN
fbem-12589	37	7	chain	chain	NOUN
fbem-12589	37	8	has	have	AUX
fbem-12589	37	9	led	lead	VERB
fbem-12589	37	10	to	to	ADP
fbem-12589	37	11	a	a	DET
fbem-12589	37	12	change	change	NOUN
fbem-12589	37	13	in	in	ADP
fbem-12589	37	14	the	the	DET
fbem-12589	37	15	comparative	comparative	ADJ
fbem-12589	37	16	advantage	advantage	NOUN
fbem-12589	37	17	of	of	ADP
fbem-12589	37	18	the	the	DET
fbem-12589	37	19	previously	previously	ADV
fbem-12589	37	20	formed	form	VERB
fbem-12589	37	21	value	value	NOUN
fbem-12589	37	22	chain	chain	NOUN
fbem-12589	37	23	(	(	PUNCT
fbem-12589	37	24	chen	chen	PROPN
fbem-12589	37	25	xu	xu	PROPN
fbem-12589	37	26	et	et	PROPN
fbem-12589	37	27	al	al	PROPN
fbem-12589	37	28	.	.	PROPN
fbem-12589	37	29	,	,	PUNCT
fbem-12589	37	30	2019	2019	NUM
fbem-12589	37	31	)	)	PUNCT
fbem-12589	37	32	,	,	PUNCT
fbem-12589	37	33	and	and	CCONJ
fbem-12589	37	34	the	the	DET
fbem-12589	37	35	redistribution	redistribution	NOUN
fbem-12589	37	36	of	of	ADP
fbem-12589	37	37	value	value	NOUN
fbem-12589	37	38	among	among	ADP
fbem-12589	37	39	industrial	industrial	ADJ
fbem-12589	37	40	modules	module	NOUN
fbem-12589	37	41	(	(	PUNCT
fbem-12589	37	42	li	li	PROPN
fbem-12589	37	43	chunfa	chunfa	PROPN
fbem-12589	37	44	et	et	PROPN
fbem-12589	37	45	al	al	PROPN
fbem-12589	37	46	.	.	PROPN
fbem-12589	37	47	,	,	PUNCT
fbem-12589	37	48	2020)[5	2020)[5	NUM
fbem-12589	37	49	]	]	PUNCT
fbem-12589	37	50	,	,	PUNCT
fbem-12589	37	51	which	which	PRON
fbem-12589	37	52	is	be	AUX
fbem-12589	37	53	conducive	conducive	ADJ
fbem-12589	37	54	to	to	ADP
fbem-12589	37	55	the	the	DET
fbem-12589	37	56	"	"	PUNCT
fbem-12589	37	57	structural	structural	ADJ
fbem-12589	37	58	occupation	occupation	NOUN
fbem-12589	37	59	"	"	PUNCT
fbem-12589	37	60	and	and	CCONJ
fbem-12589	37	61	leapfrog	leapfrog	ADJ
fbem-12589	37	62	upgrading	upgrading	NOUN
fbem-12589	37	63	of	of	ADP
fbem-12589	37	64	the	the	DET
fbem-12589	37	65	industrial	industrial	ADJ
fbem-12589	37	66	chain	chain	NOUN
fbem-12589	37	67	in	in	ADP
fbem-12589	37	68	latecomer	latecomer	NOUN
fbem-12589	37	69	industrial	industrial	ADJ
fbem-12589	37	70	countries	country	NOUN
fbem-12589	37	71	(	(	PUNCT
fbem-12589	37	72	gao	gao	PROPN
fbem-12589	37	73	jing	jing	PROPN
fbem-12589	37	74	et	et	PROPN
fbem-12589	37	75	al	al	PROPN
fbem-12589	37	76	.	.	PROPN
fbem-12589	37	77	,	,	PUNCT
fbem-12589	37	78	2019	2019	NUM
fbem-12589	37	79	)	)	PUNCT
fbem-12589	37	80	.	.	PUNCT
fbem-12589	38	1	it	it	PRON
fbem-12589	38	2	is	be	AUX
fbem-12589	38	3	considered	consider	VERB
fbem-12589	38	4	an	an	DET
fbem-12589	38	5	important	important	ADJ
fbem-12589	38	6	way	way	NOUN
fbem-12589	38	7	for	for	SCONJ
fbem-12589	38	8	developing	develop	VERB
fbem-12589	38	9	countries	country	NOUN
fbem-12589	38	10	'	'	PART
fbem-12589	38	11	manufacturing	manufacturing	NOUN
fbem-12589	38	12	industries	industry	NOUN
fbem-12589	38	13	to	to	PART
fbem-12589	38	14	solve	solve	VERB
fbem-12589	38	15	the	the	DET
fbem-12589	38	16	problem	problem	NOUN
fbem-12589	38	17	of	of	ADP
fbem-12589	38	18	"	"	PUNCT
fbem-12589	38	19	low	low	ADJ
fbem-12589	38	20	-	-	PUNCT
fbem-12589	38	21	end	end	NOUN
fbem-12589	38	22	locking	locking	NOUN
fbem-12589	38	23	"	"	PUNCT
fbem-12589	38	24	in	in	ADP
fbem-12589	38	25	the	the	DET
fbem-12589	38	26	value	value	NOUN
fbem-12589	38	27	chain	chain	NOUN
fbem-12589	38	28	(	(	PUNCT
fbem-12589	38	29	panand	panand	NOUN
fbem-12589	38	30	et	et	PROPN
fbem-12589	38	31	al	al	PROPN
fbem-12589	38	32	.	.	PROPN
fbem-12589	38	33	,	,	PUNCT
fbem-12589	38	34	2013	2013	NUM
fbem-12589	38	35	)	)	PUNCT
fbem-12589	38	36	.	.	PUNCT
fbem-12589	39	1	in	in	ADP
fbem-12589	39	2	1994	1994	NUM
fbem-12589	39	3	,	,	PUNCT
fbem-12589	39	4	economist	economist	NOUN
fbem-12589	39	5	tapscott	tapscott	PROPN
fbem-12589	39	6	first	first	ADV
fbem-12589	39	7	proposed	propose	VERB
fbem-12589	39	8	the	the	DET
fbem-12589	39	9	concept	concept	NOUN
fbem-12589	39	10	of	of	ADP
fbem-12589	39	11	"	"	PUNCT
fbem-12589	39	12	digital	digital	ADJ
fbem-12589	39	13	economy	economy	NOUN
fbem-12589	39	14	"	"	PUNCT
fbem-12589	39	15	,	,	PUNCT
fbem-12589	39	16	and	and	CCONJ
fbem-12589	39	17	the	the	DET
fbem-12589	39	18	relationship	relationship	NOUN
fbem-12589	39	19	between	between	ADP
fbem-12589	39	20	the	the	DET
fbem-12589	39	21	development	development	NOUN
fbem-12589	39	22	of	of	ADP
fbem-12589	39	23	the	the	DET
fbem-12589	39	24	digital	digital	ADJ
fbem-12589	39	25	economy	economy	NOUN
fbem-12589	39	26	and	and	CCONJ
fbem-12589	39	27	the	the	DET
fbem-12589	39	28	restructuring	restructuring	NOUN
fbem-12589	39	29	of	of	ADP
fbem-12589	39	30	the	the	DET
fbem-12589	39	31	manufacturing	manufacturing	NOUN
fbem-12589	39	32	value	value	NOUN
fbem-12589	39	33	chain	chain	NOUN
fbem-12589	39	34	began	begin	VERB
fbem-12589	39	35	to	to	PART
fbem-12589	39	36	receive	receive	VERB
fbem-12589	39	37	attention	attention	NOUN
fbem-12589	39	38	(	(	PUNCT
fbem-12589	39	39	tapscott	tapscott	NOUN
fbem-12589	39	40	,	,	PUNCT
fbem-12589	39	41	1996	1996	NUM
fbem-12589	39	42	;	;	PUNCT
fbem-12589	39	43	bolwijnet	bolwijnet	PROPN
fbem-12589	39	44	al	al	PROPN
fbem-12589	39	45	,	,	PUNCT
fbem-12589	39	46	2018	2018	NUM
fbem-12589	39	47	)	)	PUNCT
fbem-12589	39	48	.	.	PUNCT
fbem-12589	40	1	existing	exist	VERB
fbem-12589	40	2	literature	literature	NOUN
fbem-12589	40	3	suggests	suggest	VERB
fbem-12589	40	4	that	that	SCONJ
fbem-12589	40	5	the	the	DET
fbem-12589	40	6	digital	digital	ADJ
fbem-12589	40	7	economy	economy	NOUN
fbem-12589	40	8	mainly	mainly	ADV
fbem-12589	40	9	reconstructs	reconstruct	VERB
fbem-12589	40	10	the	the	DET
fbem-12589	40	11	manufacturing	manufacturing	NOUN
fbem-12589	40	12	value	value	NOUN
fbem-12589	40	13	chain	chain	NOUN
fbem-12589	40	14	from	from	ADP
fbem-12589	40	15	the	the	DET
fbem-12589	40	16	following	following	ADJ
fbem-12589	40	17	aspects	aspect	NOUN
fbem-12589	40	18	:	:	PUNCT
fbem-12589	40	19	firstly	firstly	ADV
fbem-12589	40	20	,	,	PUNCT
fbem-12589	40	21	the	the	DET
fbem-12589	40	22	new	new	ADJ
fbem-12589	40	23	technological	technological	ADJ
fbem-12589	40	24	revolution	revolution	NOUN
fbem-12589	40	25	in	in	ADP
fbem-12589	40	26	the	the	DET
fbem-12589	40	27	digital	digital	ADJ
fbem-12589	40	28	economy	economy	NOUN
fbem-12589	40	29	era	era	NOUN
fbem-12589	40	30	has	have	AUX
fbem-12589	40	31	led	lead	VERB
fbem-12589	40	32	to	to	ADP
fbem-12589	40	33	changes	change	NOUN
fbem-12589	40	34	in	in	ADP
fbem-12589	40	35	the	the	DET
fbem-12589	40	36	characteristics	characteristic	NOUN
fbem-12589	40	37	and	and	CCONJ
fbem-12589	40	38	endowments	endowment	NOUN
fbem-12589	40	39	of	of	ADP
fbem-12589	40	40	production	production	NOUN
fbem-12589	40	41	factors	factor	NOUN
fbem-12589	40	42	(	(	PUNCT
fbem-12589	40	43	pei	pei	PROPN
fbem-12589	40	44	changhong	changhong	PROPN
fbem-12589	40	45	,	,	PUNCT
fbem-12589	40	46	2018)[6	2018)[6	NOUN
fbem-12589	40	47	]	]	PUNCT
fbem-12589	40	48	,	,	PUNCT
fbem-12589	40	49	and	and	CCONJ
fbem-12589	40	50	numbers	number	NOUN
fbem-12589	40	51	have	have	AUX
fbem-12589	40	52	become	become	VERB
fbem-12589	40	53	a	a	DET
fbem-12589	40	54	key	key	ADJ
fbem-12589	40	55	production	production	NOUN
fbem-12589	40	56	factor	factor	NOUN
fbem-12589	40	57	(	(	PUNCT
fbem-12589	40	58	sturgeon	sturgeon	NOUN
fbem-12589	40	59	,	,	PUNCT
fbem-12589	40	60	2021	2021	NUM
fbem-12589	40	61	)	)	PUNCT
fbem-12589	40	62	,	,	PUNCT
fbem-12589	40	63	which	which	PRON
fbem-12589	40	64	will	will	AUX
fbem-12589	40	65	profoundly	profoundly	ADV
fbem-12589	40	66	affect	affect	VERB
fbem-12589	40	67	the	the	DET
fbem-12589	40	68	division	division	NOUN
fbem-12589	40	69	of	of	ADP
fbem-12589	40	70	labor	labor	NOUN
fbem-12589	40	71	and	and	CCONJ
fbem-12589	40	72	governance	governance	NOUN
fbem-12589	40	73	pattern	pattern	NOUN
fbem-12589	40	74	in	in	ADP
fbem-12589	40	75	the	the	DET
fbem-12589	40	76	value	value	NOUN
fbem-12589	40	77	chain	chain	NOUN
fbem-12589	40	78	(	(	PUNCT
fbem-12589	40	79	wang	wang	PROPN
fbem-12589	40	80	yonglong	yonglong	PROPN
fbem-12589	40	81	et	et	PROPN
fbem-12589	40	82	al	al	PROPN
fbem-12589	40	83	.	.	PROPN
fbem-12589	40	84	,	,	PUNCT
fbem-12589	40	85	2020)[7	2020)[7	PROPN
fbem-12589	40	86	]	]	X
fbem-12589	40	87	;	;	PUNCT
fbem-12589	40	88	secondly	secondly	ADV
fbem-12589	40	89	,	,	PUNCT
fbem-12589	40	90	the	the	DET
fbem-12589	40	91	new	new	ADJ
fbem-12589	40	92	generation	generation	NOUN
fbem-12589	40	93	of	of	ADP
fbem-12589	40	94	information	information	NOUN
fbem-12589	40	95	technology	technology	NOUN
fbem-12589	40	96	has	have	AUX
fbem-12589	40	97	overturned	overturn	VERB
fbem-12589	40	98	traditional	traditional	ADJ
fbem-12589	40	99	production	production	NOUN
fbem-12589	40	100	technologies	technology	NOUN
fbem-12589	40	101	(	(	PUNCT
fbem-12589	40	102	jiang	jiang	PROPN
fbem-12589	40	103	xiaojuan	xiaojuan	PROPN
fbem-12589	40	104	and	and	CCONJ
fbem-12589	40	105	meng	meng	PROPN
fbem-12589	40	106	lijun	lijun	PROPN
fbem-12589	40	107	,	,	PUNCT
fbem-12589	40	108	2021	2021	NUM
fbem-12589	40	109	)	)	PUNCT
fbem-12589	40	110	,	,	PUNCT
fbem-12589	40	111	reshaping	reshape	VERB
fbem-12589	40	112	the	the	DET
fbem-12589	40	113	value	value	NOUN
fbem-12589	40	114	creation	creation	NOUN
fbem-12589	40	115	methods	method	NOUN
fbem-12589	40	116	on	on	ADP
fbem-12589	40	117	the	the	DET
fbem-12589	40	118	industrial	industrial	ADJ
fbem-12589	40	119	chain	chain	NOUN
fbem-12589	40	120	by	by	ADP
fbem-12589	40	121	breaking	break	VERB
fbem-12589	40	122	industry	industry	NOUN
fbem-12589	40	123	boundaries	boundary	NOUN
fbem-12589	40	124	and	and	CCONJ
fbem-12589	40	125	integrating	integrate	VERB
fbem-12589	40	126	innovation	innovation	NOUN
fbem-12589	40	127	(	(	PUNCT
fbem-12589	40	128	ma	ma	PROPN
fbem-12589	40	129	dan	dan	PROPN
fbem-12589	40	130	and	and	CCONJ
fbem-12589	40	131	he	he	PRON
fbem-12589	40	132	yaxing	yaxe	VERB
fbem-12589	40	133	,	,	PUNCT
fbem-12589	40	134	2020	2020	NUM
fbem-12589	40	135	)	)	PUNCT
fbem-12589	40	136	;	;	PUNCT
fbem-12589	40	137	thirdly	thirdly	ADV
fbem-12589	40	138	,	,	PUNCT
fbem-12589	40	139	driven	drive	VERB
fbem-12589	40	140	by	by	ADP
fbem-12589	40	141	the	the	DET
fbem-12589	40	142	digital	digital	ADJ
fbem-12589	40	143	economy	economy	NOUN
fbem-12589	40	144	,	,	PUNCT
fbem-12589	40	145	the	the	DET
fbem-12589	40	146	boundaries	boundary	NOUN
fbem-12589	40	147	of	of	ADP
fbem-12589	40	148	industrial	industrial	ADJ
fbem-12589	40	149	chain	chain	NOUN
fbem-12589	40	150	division	division	NOUN
fbem-12589	40	151	of	of	ADP
fbem-12589	40	152	labor	labor	NOUN
fbem-12589	40	153	tend	tend	VERB
fbem-12589	40	154	to	to	PART
fbem-12589	40	155	be	be	AUX
fbem-12589	40	156	blurred	blur	VERB
fbem-12589	40	157	,	,	PUNCT
fbem-12589	40	158	organizational	organizational	ADJ
fbem-12589	40	159	forms	form	NOUN
fbem-12589	40	160	tend	tend	VERB
fbem-12589	40	161	to	to	PART
fbem-12589	40	162	be	be	AUX
fbem-12589	40	163	flattened	flatten	VERB
fbem-12589	40	164	,	,	PUNCT
fbem-12589	40	165	and	and	CCONJ
fbem-12589	40	166	the	the	DET
fbem-12589	40	167	gap	gap	NOUN
fbem-12589	40	168	in	in	ADP
fbem-12589	40	169	value	value	NOUN
fbem-12589	40	170	distribution	distribution	NOUN
fbem-12589	40	171	between	between	ADP
fbem-12589	40	172	different	different	ADJ
fbem-12589	40	173	division	division	NOUN
fbem-12589	40	174	of	of	ADP
fbem-12589	40	175	labor	labor	NOUN
fbem-12589	40	176	links	link	NOUN
fbem-12589	40	177	is	be	AUX
fbem-12589	40	178	narrowing	narrow	VERB
fbem-12589	40	179	(	(	PUNCT
fbem-12589	40	180	shao	shao	PROPN
fbem-12589	40	181	chaopai	chaopai	PROPN
fbem-12589	40	182	and	and	CCONJ
fbem-12589	40	183	su	su	PROPN
fbem-12589	40	184	danni	danni	PROPN
fbem-12589	40	185	,	,	PUNCT
fbem-12589	40	186	2019	2019	NUM
fbem-12589	40	187	)	)	PUNCT
fbem-12589	40	188	,	,	PUNCT
fbem-12589	40	189	which	which	PRON
fbem-12589	40	190	will	will	AUX
fbem-12589	40	191	promote	promote	VERB
fbem-12589	40	192	the	the	DET
fbem-12589	40	193	transformation	transformation	NOUN
fbem-12589	40	194	of	of	ADP
fbem-12589	40	195	value	value	NOUN
fbem-12589	40	196	distribution	distribution	NOUN
fbem-12589	40	197	methods	method	NOUN
fbem-12589	40	198	on	on	ADP
fbem-12589	40	199	the	the	DET
fbem-12589	40	200	industrial	industrial	ADJ
fbem-12589	40	201	chain	chain	NOUN
fbem-12589	40	202	(	(	PUNCT
fbem-12589	40	203	liu	liu	PROPN
fbem-12589	40	204	pingfeng	pingfeng	PROPN
fbem-12589	40	205	and	and	CCONJ
fbem-12589	40	206	zhang	zhang	PROPN
fbem-12589	40	207	wang	wang	PROPN
fbem-12589	40	208	,	,	PUNCT
fbem-12589	40	209	2020)[8	2020)[8	PROPN
fbem-12589	40	210	]	]	PUNCT
fbem-12589	40	211	.	.	PUNCT
fbem-12589	41	1	the	the	DET
fbem-12589	41	2	digital	digital	ADJ
fbem-12589	41	3	transformation	transformation	NOUN
fbem-12589	41	4	has	have	AUX
fbem-12589	41	5	significantly	significantly	ADV
fbem-12589	41	6	improved	improve	VERB
fbem-12589	41	7	the	the	DET
fbem-12589	41	8	economic	economic	ADJ
fbem-12589	41	9	benefits	benefit	NOUN
fbem-12589	41	10	of	of	ADP
fbem-12589	41	11	physical	physical	ADJ
fbem-12589	41	12	enterprises	enterprise	NOUN
fbem-12589	41	13	,	,	PUNCT
fbem-12589	41	14	and	and	CCONJ
fbem-12589	41	15	the	the	DET
fbem-12589	41	16	results	result	NOUN
fbem-12589	41	17	of	of	ADP
fbem-12589	41	18	using	use	VERB
fbem-12589	41	19	instrumental	instrumental	ADJ
fbem-12589	41	20	variable	variable	ADJ
fbem-12589	41	21	method	method	NOUN
fbem-12589	41	22	and	and	CCONJ
fbem-12589	41	23	lag	lag	NOUN
fbem-12589	41	24	regression	regression	NOUN
fbem-12589	41	25	method	method	NOUN
fbem-12589	41	26	are	be	AUX
fbem-12589	41	27	still	still	ADV
fbem-12589	41	28	robust	robust	ADJ
fbem-12589	41	29	.	.	PUNCT
fbem-12589	42	1	the	the	DET
fbem-12589	42	2	specific	specific	ADJ
fbem-12589	42	3	implementation	implementation	NOUN
fbem-12589	42	4	path	path	NOUN
fbem-12589	42	5	is	be	AUX
fbem-12589	42	6	to	to	PART
fbem-12589	42	7	promote	promote	VERB
fbem-12589	42	8	the	the	DET
fbem-12589	42	9	economic	economic	ADJ
fbem-12589	42	10	benefits	benefit	NOUN
fbem-12589	42	11	of	of	ADP
fbem-12589	42	12	digital	digital	ADJ
fbem-12589	42	13	transformation	transformation	NOUN
fbem-12589	42	14	in	in	ADP
fbem-12589	42	15	physical	physical	ADJ
fbem-12589	42	16	enterprises	enterprise	NOUN
fbem-12589	42	17	by	by	ADP
fbem-12589	42	18	reducing	reduce	VERB
fbem-12589	42	19	costs	cost	NOUN
fbem-12589	42	20	,	,	PUNCT
fbem-12589	42	21	improving	improve	VERB
fbem-12589	42	22	asset	asset	NOUN
fbem-12589	42	23	utilization	utilization	NOUN
fbem-12589	42	24	efficiency	efficiency	NOUN
fbem-12589	42	25	,	,	PUNCT
fbem-12589	42	26	and	and	CCONJ
fbem-12589	42	27	enhancing	enhance	VERB
fbem-12589	42	28	innovation	innovation	NOUN
fbem-12589	42	29	.	.	PUNCT
fbem-12589	43	1	(	(	PUNCT
fbem-12589	43	2	he	he	PRON
fbem-12589	43	3	fan	fan	PROPN
fbem-12589	43	4	,	,	PUNCT
fbem-12589	43	5	2019	2019	NUM
fbem-12589	43	6	)	)	PUNCT
fbem-12589	43	7	from	from	ADP
fbem-12589	43	8	a	a	DET
fbem-12589	43	9	theoretical	theoretical	ADJ
fbem-12589	43	10	perspective	perspective	NOUN
fbem-12589	43	11	,	,	PUNCT
fbem-12589	43	12	the	the	DET
fbem-12589	43	13	digital	digital	ADJ
fbem-12589	43	14	economy	economy	NOUN
fbem-12589	43	15	integrates	integrate	VERB
fbem-12589	43	16	innovation	innovation	NOUN
fbem-12589	43	17	achievements	achievement	NOUN
fbem-12589	43	18	and	and	CCONJ
fbem-12589	43	19	sources	source	NOUN
fbem-12589	43	20	into	into	ADP
fbem-12589	43	21	the	the	DET
fbem-12589	43	22	real	real	ADJ
fbem-12589	43	23	economy	economy	NOUN
fbem-12589	43	24	,	,	PUNCT
fbem-12589	43	25	using	use	VERB
fbem-12589	43	26	new	new	ADJ
fbem-12589	43	27	generation	generation	NOUN
fbem-12589	43	28	technologies	technology	NOUN
fbem-12589	43	29	to	to	PART
fbem-12589	43	30	promote	promote	VERB
fbem-12589	43	31	comprehensive	comprehensive	ADJ
fbem-12589	43	32	transformation	transformation	NOUN
fbem-12589	43	33	of	of	ADP
fbem-12589	43	34	traditional	traditional	ADJ
fbem-12589	43	35	industries[9	industries[9	NOUN
fbem-12589	43	36	]	]	PUNCT
fbem-12589	43	37	.	.	PUNCT
fbem-12589	44	1	on	on	ADP
fbem-12589	44	2	the	the	DET
fbem-12589	44	3	one	one	NUM
fbem-12589	44	4	hand	hand	NOUN
fbem-12589	44	5	,	,	PUNCT
fbem-12589	44	6	it	it	PRON
fbem-12589	44	7	promotes	promote	VERB
fbem-12589	44	8	the	the	DET
fbem-12589	44	9	evolution	evolution	NOUN
fbem-12589	44	10	of	of	ADP
fbem-12589	44	11	the	the	DET
fbem-12589	44	12	division	division	NOUN
fbem-12589	44	13	of	of	ADP
fbem-12589	44	14	labor	labor	NOUN
fbem-12589	44	15	in	in	ADP
fbem-12589	44	16	the	the	DET
fbem-12589	44	17	real	real	ADJ
fbem-12589	44	18	economy	economy	NOUN
fbem-12589	44	19	,	,	PUNCT
fbem-12589	44	20	and	and	CCONJ
fbem-12589	44	21	on	on	ADP
fbem-12589	44	22	the	the	DET
fbem-12589	44	23	other	other	ADJ
fbem-12589	44	24	hand	hand	NOUN
fbem-12589	44	25	,	,	PUNCT
fbem-12589	44	26	it	it	PRON
fbem-12589	44	27	promotes	promote	VERB
fbem-12589	44	28	the	the	DET
fbem-12589	44	29	improvement	improvement	NOUN
fbem-12589	44	30	of	of	ADP
fbem-12589	44	31	the	the	DET
fbem-12589	44	32	total	total	ADJ
fbem-12589	44	33	factor	factor	NOUN
fbem-12589	44	34	production	production	NOUN
fbem-12589	44	35	rate	rate	NOUN
fbem-12589	44	36	of	of	ADP
fbem-12589	44	37	the	the	DET
fbem-12589	44	38	real	real	ADJ
fbem-12589	44	39	economy	economy	NOUN
fbem-12589	44	40	,	,	PUNCT
fbem-12589	44	41	thereby	thereby	ADV
fbem-12589	44	42	supporting	support	VERB
fbem-12589	44	43	the	the	DET
fbem-12589	44	44	high	high	ADJ
fbem-12589	44	45	-	-	PUNCT
fbem-12589	44	46	quality	quality	NOUN
fbem-12589	44	47	development	development	NOUN
fbem-12589	44	48	of	of	ADP
fbem-12589	44	49	the	the	DET
fbem-12589	44	50	real	real	ADJ
fbem-12589	44	51	economy	economy	NOUN
fbem-12589	44	52	.	.	PUNCT
fbem-12589	45	1	at	at	ADP
fbem-12589	45	2	present	present	ADJ
fbem-12589	45	3	,	,	PUNCT
fbem-12589	45	4	the	the	DET
fbem-12589	45	5	scale	scale	NOUN
fbem-12589	45	6	of	of	ADP
fbem-12589	45	7	china	china	PROPN
fbem-12589	45	8	's	's	PART
fbem-12589	45	9	digital	digital	ADJ
fbem-12589	45	10	economy	economy	NOUN
fbem-12589	45	11	continues	continue	VERB
fbem-12589	45	12	to	to	PART
fbem-12589	45	13	expand	expand	VERB
fbem-12589	45	14	and	and	CCONJ
fbem-12589	45	15	the	the	DET
fbem-12589	45	16	development	development	NOUN
fbem-12589	45	17	speed	speed	NOUN
fbem-12589	45	18	continues	continue	VERB
fbem-12589	45	19	to	to	PART
fbem-12589	45	20	improve	improve	VERB
fbem-12589	45	21	.	.	PUNCT
fbem-12589	46	1	however	however	ADV
fbem-12589	46	2	,	,	PUNCT
fbem-12589	46	3	there	there	PRON
fbem-12589	46	4	are	be	VERB
fbem-12589	46	5	still	still	ADV
fbem-12589	46	6	problems	problem	NOUN
fbem-12589	46	7	such	such	ADJ
fbem-12589	46	8	as	as	ADP
fbem-12589	46	9	weak	weak	ADJ
fbem-12589	46	10	digital	digital	ADJ
fbem-12589	46	11	awareness	awareness	NOUN
fbem-12589	46	12	,	,	PUNCT
fbem-12589	46	13	fragmented	fragmented	ADJ
fbem-12589	46	14	data	datum	NOUN
fbem-12589	46	15	,	,	PUNCT
fbem-12589	46	16	insufficient	insufficient	ADJ
fbem-12589	46	17	supply	supply	NOUN
fbem-12589	46	18	of	of	ADP
fbem-12589	46	19	transformation	transformation	NOUN
fbem-12589	46	20	services	service	NOUN
fbem-12589	46	21	,	,	PUNCT
fbem-12589	46	22	incomplete	incomplete	ADJ
fbem-12589	46	23	credit	credit	NOUN
fbem-12589	46	24	evaluation	evaluation	NOUN
fbem-12589	46	25	systems	system	NOUN
fbem-12589	46	26	,	,	PUNCT
fbem-12589	46	27	insufficient	insufficient	ADJ
fbem-12589	46	28	talent	talent	NOUN
fbem-12589	46	29	supply	supply	NOUN
fbem-12589	46	30	,	,	PUNCT
fbem-12589	46	31	and	and	CCONJ
fbem-12589	46	32	insufficient	insufficient	ADJ
fbem-12589	46	33	management	management	NOUN
fbem-12589	46	34	capabilities	capability	NOUN
fbem-12589	46	35	,	,	PUNCT
fbem-12589	46	36	which	which	PRON
fbem-12589	46	37	restrict	restrict	VERB
fbem-12589	46	38	the	the	DET
fbem-12589	46	39	high	high	ADJ
fbem-12589	46	40	-	-	PUNCT
fbem-12589	46	41	quality	quality	NOUN
fbem-12589	46	42	development	development	NOUN
fbem-12589	46	43	of	of	ADP
fbem-12589	46	44	the	the	DET
fbem-12589	46	45	digital	digital	ADJ
fbem-12589	46	46	economy	economy	NOUN
fbem-12589	46	47	to	to	PART
fbem-12589	46	48	support	support	VERB
fbem-12589	46	49	the	the	DET
fbem-12589	46	50	real	real	ADJ
fbem-12589	46	51	economy	economy	NOUN
fbem-12589	46	52	.	.	PUNCT
fbem-12589	47	1	therefore	therefore	ADV
fbem-12589	47	2	,	,	PUNCT
fbem-12589	47	3	starting	start	VERB
fbem-12589	47	4	from	from	ADP
fbem-12589	47	5	the	the	DET
fbem-12589	47	6	driving	driving	NOUN
fbem-12589	47	7	mechanism	mechanism	NOUN
fbem-12589	47	8	,	,	PUNCT
fbem-12589	47	9	operating	operating	NOUN
fbem-12589	47	10	mechanism	mechanism	NOUN
fbem-12589	47	11	,	,	PUNCT
fbem-12589	47	12	guarantee	guarantee	NOUN
fbem-12589	47	13	mechanism	mechanism	NOUN
fbem-12589	47	14	,	,	PUNCT
fbem-12589	47	15	and	and	CCONJ
fbem-12589	47	16	policy	policy	NOUN
fbem-12589	47	17	mechanism	mechanism	NOUN
fbem-12589	47	18	that	that	PRON
fbem-12589	47	19	support	support	VERB
fbem-12589	47	20	the	the	DET
fbem-12589	47	21	digital	digital	ADJ
fbem-12589	47	22	economy	economy	NOUN
fbem-12589	47	23	,	,	PUNCT
fbem-12589	47	24	we	we	PRON
fbem-12589	47	25	should	should	AUX
fbem-12589	47	26	promote	promote	VERB
fbem-12589	47	27	the	the	DET
fbem-12589	47	28	high	high	ADJ
fbem-12589	47	29	-	-	PUNCT
fbem-12589	47	30	quality	quality	NOUN
fbem-12589	47	31	development	development	NOUN
fbem-12589	47	32	of	of	ADP
fbem-12589	47	33	china	china	PROPN
fbem-12589	47	34	's	's	PART
fbem-12589	47	35	real	real	ADJ
fbem-12589	47	36	economy	economy	NOUN
fbem-12589	47	37	through	through	ADP
fbem-12589	47	38	paths	path	NOUN
fbem-12589	47	39	such	such	ADJ
fbem-12589	47	40	as	as	ADP
fbem-12589	47	41	improving	improve	VERB
fbem-12589	47	42	digital	digital	ADJ
fbem-12589	47	43	infrastructure	infrastructure	NOUN
fbem-12589	47	44	construction	construction	NOUN
fbem-12589	47	45	,	,	PUNCT
fbem-12589	47	46	strengthening	strengthen	VERB
fbem-12589	47	47	the	the	DET
fbem-12589	47	48	supply	supply	NOUN
fbem-12589	47	49	of	of	ADP
fbem-12589	47	50	digital	digital	ADJ
fbem-12589	47	51	core	core	NOUN
fbem-12589	47	52	technology	technology	NOUN
fbem-12589	47	53	,	,	PUNCT
fbem-12589	47	54	strengthening	strengthen	VERB
fbem-12589	47	55	the	the	DET
fbem-12589	47	56	supply	supply	NOUN
fbem-12589	47	57	of	of	ADP
fbem-12589	47	58	digital	digital	ADJ
fbem-12589	47	59	governance	governance	NOUN
fbem-12589	47	60	systems	system	NOUN
fbem-12589	47	61	,	,	PUNCT
fbem-12589	47	62	improving	improve	VERB
fbem-12589	47	63	credit	credit	NOUN
fbem-12589	47	64	evaluation	evaluation	NOUN
fbem-12589	47	65	systems	system	NOUN
fbem-12589	47	66	,	,	PUNCT
fbem-12589	47	67	and	and	CCONJ
fbem-12589	47	68	strengthening	strengthen	VERB
fbem-12589	47	69	digital	digital	ADJ
fbem-12589	47	70	literacy	literacy	NOUN
fbem-12589	47	71	education	education	NOUN
fbem-12589	47	72	.	.	PUNCT
fbem-12589	48	1	(	(	PUNCT
fbem-12589	48	2	ren	ren	NOUN
fbem-12589	48	3	baoping	baoping	NOUN
fbem-12589	48	4	,	,	PUNCT
fbem-12589	48	5	2022	2022	NUM
fbem-12589	48	6	)	)	PUNCT
fbem-12589	48	7	the	the	DET
fbem-12589	48	8	digital	digital	ADJ
fbem-12589	48	9	economy	economy	NOUN
fbem-12589	48	10	relies	rely	VERB
fbem-12589	48	11	on	on	ADP
fbem-12589	48	12	digital	digital	ADJ
fbem-12589	48	13	platforms	platform	NOUN
fbem-12589	48	14	to	to	PART
fbem-12589	48	15	support	support	VERB
fbem-12589	48	16	the	the	DET
fbem-12589	48	17	high	high	ADJ
fbem-12589	48	18	-	-	PUNCT
fbem-12589	48	19	quality	quality	NOUN
fbem-12589	48	20	development	development	NOUN
fbem-12589	48	21	of	of	ADP
fbem-12589	48	22	the	the	DET
fbem-12589	48	23	real	real	ADJ
fbem-12589	48	24	economy	economy	NOUN
fbem-12589	48	25	.	.	PUNCT
fbem-12589	49	1	the	the	DET
fbem-12589	49	2	digital	digital	ADJ
fbem-12589	49	3	economy	economy	NOUN
fbem-12589	49	4	promotes	promote	VERB
fbem-12589	49	5	the	the	DET
fbem-12589	49	6	evolution	evolution	NOUN
fbem-12589	49	7	of	of	ADP
fbem-12589	49	8	division	division	NOUN
fbem-12589	49	9	of	of	ADP
fbem-12589	49	10	labor	labor	NOUN
fbem-12589	49	11	and	and	CCONJ
fbem-12589	49	12	specialization	specialization	NOUN
fbem-12589	49	13	in	in	ADP
fbem-12589	49	14	the	the	DET
fbem-12589	49	15	real	real	ADJ
fbem-12589	49	16	economy	economy	NOUN
fbem-12589	49	17	.	.	PUNCT
fbem-12589	50	1	after	after	ADP
fbem-12589	50	2	the	the	DET
fbem-12589	50	3	deepening	deepening	NOUN
fbem-12589	50	4	of	of	ADP
fbem-12589	50	5	division	division	NOUN
fbem-12589	50	6	of	of	ADP
fbem-12589	50	7	labor	labor	NOUN
fbem-12589	50	8	,	,	PUNCT
fbem-12589	50	9	economic	economic	ADJ
fbem-12589	50	10	individuals	individual	NOUN
fbem-12589	50	11	need	need	VERB
fbem-12589	50	12	platforms	platform	NOUN
fbem-12589	50	13	for	for	ADP
fbem-12589	50	14	transactions	transaction	NOUN
fbem-12589	50	15	.	.	PUNCT
fbem-12589	51	1	the	the	DET
fbem-12589	51	2	emergence	emergence	NOUN
fbem-12589	51	3	and	and	CCONJ
fbem-12589	51	4	development	development	NOUN
fbem-12589	51	5	of	of	ADP
fbem-12589	51	6	platforms	platform	NOUN
fbem-12589	51	7	further	far	ADV
fbem-12589	51	8	reduce	reduce	VERB
fbem-12589	51	9	transaction	transaction	NOUN
fbem-12589	51	10	costs	cost	NOUN
fbem-12589	51	11	and	and	CCONJ
fbem-12589	51	12	promote	promote	VERB
fbem-12589	51	13	the	the	DET
fbem-12589	51	14	deepening	deepening	NOUN
fbem-12589	51	15	of	of	ADP
fbem-12589	51	16	division	division	NOUN
fbem-12589	51	17	of	of	ADP
fbem-12589	51	18	labor	labor	NOUN
fbem-12589	51	19	.	.	PUNCT
fbem-12589	52	1	a	a	DET
fbem-12589	52	2	platform	platform	NOUN
fbem-12589	52	3	is	be	AUX
fbem-12589	52	4	a	a	DET
fbem-12589	52	5	business	business	NOUN
fbem-12589	52	6	model	model	NOUN
fbem-12589	52	7	that	that	PRON
fbem-12589	52	8	creates	create	VERB
fbem-12589	52	9	value	value	NOUN
fbem-12589	52	10	by	by	ADP
fbem-12589	52	11	integrating	integrate	VERB
fbem-12589	52	12	different	different	ADJ
fbem-12589	52	13	user	user	NOUN
fbem-12589	52	14	groups	group	NOUN
fbem-12589	52	15	into	into	ADP
fbem-12589	52	16	the	the	DET
fbem-12589	52	17	same	same	ADJ
fbem-12589	52	18	network	network	NOUN
fbem-12589	52	19	.	.	PUNCT
fbem-12589	53	1	the	the	DET
fbem-12589	53	2	emergence	emergence	NOUN
fbem-12589	53	3	of	of	ADP
fbem-12589	53	4	platforms	platform	NOUN
fbem-12589	53	5	has	have	VERB
fbem-12589	53	6	a	a	DET
fbem-12589	53	7	long	long	ADJ
fbem-12589	53	8	history	history	NOUN
fbem-12589	53	9	and	and	CCONJ
fbem-12589	53	10	is	be	AUX
fbem-12589	53	11	not	not	PART
fbem-12589	53	12	unique	unique	ADJ
fbem-12589	53	13	to	to	ADP
fbem-12589	53	14	the	the	DET
fbem-12589	53	15	digital	digital	ADJ
fbem-12589	53	16	economy	economy	NOUN
fbem-12589	53	17	.	.	PUNCT
fbem-12589	54	1	in	in	ADP
fbem-12589	54	2	the	the	DET
fbem-12589	54	3	traditional	traditional	ADJ
fbem-12589	54	4	economy	economy	NOUN
fbem-12589	54	5	,	,	PUNCT
fbem-12589	54	6	shopping	shopping	NOUN
fbem-12589	54	7	malls	mall	NOUN
fbem-12589	54	8	and	and	CCONJ
fbem-12589	54	9	newspapers	newspaper	NOUN
fbem-12589	54	10	belong	belong	VERB
fbem-12589	54	11	to	to	ADP
fbem-12589	54	12	the	the	DET
fbem-12589	54	13	category	category	NOUN
fbem-12589	54	14	of	of	ADP
fbem-12589	54	15	platforms	platform	NOUN
fbem-12589	54	16	,	,	PUNCT
fbem-12589	54	17	but	but	CCONJ
fbem-12589	54	18	traditional	traditional	ADJ
fbem-12589	54	19	platforms	platform	NOUN
fbem-12589	54	20	are	be	AUX
fbem-12589	54	21	limited	limit	VERB
fbem-12589	54	22	by	by	ADP
fbem-12589	54	23	cost	cost	NOUN
fbem-12589	54	24	,	,	PUNCT
fbem-12589	54	25	time	time	NOUN
fbem-12589	54	26	,	,	PUNCT
fbem-12589	54	27	and	and	CCONJ
fbem-12589	54	28	space	space	NOUN
fbem-12589	54	29	,	,	PUNCT
fbem-12589	54	30	making	make	VERB
fbem-12589	54	31	it	it	PRON
fbem-12589	54	32	difficult	difficult	ADJ
fbem-12589	54	33	to	to	PART
fbem-12589	54	34	connect	connect	VERB
fbem-12589	54	35	a	a	DET
fbem-12589	54	36	large	large	ADJ
fbem-12589	54	37	number	number	NOUN
fbem-12589	54	38	of	of	ADP
fbem-12589	54	39	producers	producer	NOUN
fbem-12589	54	40	and	and	CCONJ
fbem-12589	54	41	consumers	consumer	NOUN
fbem-12589	54	42	.	.	PUNCT
fbem-12589	55	1	digital	digital	ADJ
fbem-12589	55	2	platforms	platform	NOUN
fbem-12589	55	3	have	have	VERB
fbem-12589	55	4	197	197	NUM
fbem-12589	55	5	achieved	achieve	VERB
fbem-12589	55	6	zero	zero	NUM
fbem-12589	55	7	cost	cost	NOUN
fbem-12589	55	8	entry	entry	NOUN
fbem-12589	55	9	for	for	ADP
fbem-12589	55	10	market	market	NOUN
fbem-12589	55	11	participants	participant	NOUN
fbem-12589	55	12	,	,	PUNCT
fbem-12589	55	13	and	and	CCONJ
fbem-12589	55	14	as	as	ADP
fbem-12589	55	15	the	the	DET
fbem-12589	55	16	number	number	NOUN
fbem-12589	55	17	of	of	ADP
fbem-12589	55	18	entries	entry	NOUN
fbem-12589	55	19	increases	increase	NOUN
fbem-12589	55	20	,	,	PUNCT
fbem-12589	55	21	the	the	DET
fbem-12589	55	22	value	value	NOUN
fbem-12589	55	23	created	create	VERB
fbem-12589	55	24	by	by	ADP
fbem-12589	55	25	the	the	DET
fbem-12589	55	26	platform	platform	NOUN
fbem-12589	55	27	continues	continue	VERB
fbem-12589	55	28	to	to	PART
fbem-12589	55	29	increase	increase	VERB
fbem-12589	55	30	.	.	PUNCT
fbem-12589	56	1	the	the	DET
fbem-12589	56	2	development	development	NOUN
fbem-12589	56	3	of	of	ADP
fbem-12589	56	4	the	the	DET
fbem-12589	56	5	digital	digital	ADJ
fbem-12589	56	6	economy	economy	NOUN
fbem-12589	56	7	has	have	AUX
fbem-12589	56	8	driven	drive	VERB
fbem-12589	56	9	the	the	DET
fbem-12589	56	10	birth	birth	NOUN
fbem-12589	56	11	of	of	ADP
fbem-12589	56	12	digital	digital	ADJ
fbem-12589	56	13	platforms	platform	NOUN
fbem-12589	56	14	,	,	PUNCT
fbem-12589	56	15	significantly	significantly	ADV
fbem-12589	56	16	reducing	reduce	VERB
fbem-12589	56	17	market	market	NOUN
fbem-12589	56	18	transaction	transaction	NOUN
fbem-12589	56	19	costs	cost	NOUN
fbem-12589	56	20	,	,	PUNCT
fbem-12589	56	21	improving	improve	VERB
fbem-12589	56	22	the	the	DET
fbem-12589	56	23	spatial	spatial	ADJ
fbem-12589	56	24	flow	flow	NOUN
fbem-12589	56	25	efficiency	efficiency	NOUN
fbem-12589	56	26	of	of	ADP
fbem-12589	56	27	factors	factor	NOUN
fbem-12589	56	28	and	and	CCONJ
fbem-12589	56	29	products	product	NOUN
fbem-12589	56	30	,	,	PUNCT
fbem-12589	56	31	optimizing	optimize	VERB
fbem-12589	56	32	the	the	DET
fbem-12589	56	33	matching	matching	NOUN
fbem-12589	56	34	degree	degree	NOUN
fbem-12589	56	35	of	of	ADP
fbem-12589	56	36	production	production	NOUN
fbem-12589	56	37	factors	factor	NOUN
fbem-12589	56	38	,	,	PUNCT
fbem-12589	56	39	and	and	CCONJ
fbem-12589	56	40	thus	thus	ADV
fbem-12589	56	41	better	well	ADV
fbem-12589	56	42	meeting	meet	VERB
fbem-12589	56	43	consumer	consumer	NOUN
fbem-12589	56	44	demand	demand	NOUN
fbem-12589	56	45	and	and	CCONJ
fbem-12589	56	46	supporting	support	VERB
fbem-12589	56	47	high	high	ADJ
fbem-12589	56	48	-	-	PUNCT
fbem-12589	56	49	quality	quality	NOUN
fbem-12589	56	50	development	development	NOUN
fbem-12589	56	51	of	of	ADP
fbem-12589	56	52	the	the	DET
fbem-12589	56	53	real	real	ADJ
fbem-12589	56	54	economy	economy	NOUN
fbem-12589	56	55	.	.	PUNCT
fbem-12589	57	1	the	the	DET
fbem-12589	57	2	new	new	ADJ
fbem-12589	57	3	digital	digital	ADJ
fbem-12589	57	4	platform	platform	NOUN
fbem-12589	57	5	born	bear	VERB
fbem-12589	57	6	under	under	ADP
fbem-12589	57	7	the	the	DET
fbem-12589	57	8	digital	digital	ADJ
fbem-12589	57	9	economy	economy	NOUN
fbem-12589	57	10	supports	support	VERB
fbem-12589	57	11	the	the	DET
fbem-12589	57	12	high	high	ADJ
fbem-12589	57	13	-	-	PUNCT
fbem-12589	57	14	quality	quality	NOUN
fbem-12589	57	15	development	development	NOUN
fbem-12589	57	16	of	of	ADP
fbem-12589	57	17	the	the	DET
fbem-12589	57	18	real	real	ADJ
fbem-12589	57	19	economy	economy	NOUN
fbem-12589	57	20	with	with	ADP
fbem-12589	57	21	new	new	ADJ
fbem-12589	57	22	business	business	NOUN
fbem-12589	57	23	and	and	CCONJ
fbem-12589	57	24	production	production	NOUN
fbem-12589	57	25	models	model	NOUN
fbem-12589	57	26	.	.	PUNCT
fbem-12589	58	1	according	accord	VERB
fbem-12589	58	2	to	to	ADP
fbem-12589	58	3	the	the	DET
fbem-12589	58	4	different	different	ADJ
fbem-12589	58	5	stages	stage	NOUN
fbem-12589	58	6	of	of	ADP
fbem-12589	58	7	social	social	ADJ
fbem-12589	58	8	production	production	NOUN
fbem-12589	58	9	,	,	PUNCT
fbem-12589	58	10	platform	platform	NOUN
fbem-12589	58	11	organizations	organization	NOUN
fbem-12589	58	12	can	can	AUX
fbem-12589	58	13	be	be	AUX
fbem-12589	58	14	divided	divide	VERB
fbem-12589	58	15	into	into	ADP
fbem-12589	58	16	two	two	NUM
fbem-12589	58	17	categories	category	NOUN
fbem-12589	58	18	.	.	PUNCT
fbem-12589	59	1	one	one	NUM
fbem-12589	59	2	is	be	AUX
fbem-12589	59	3	product	product	NOUN
fbem-12589	59	4	trading	trading	NOUN
fbem-12589	59	5	platforms	platform	NOUN
fbem-12589	59	6	,	,	PUNCT
fbem-12589	59	7	whose	whose	DET
fbem-12589	59	8	essential	essential	ADJ
fbem-12589	59	9	function	function	NOUN
fbem-12589	59	10	is	be	AUX
fbem-12589	59	11	to	to	PART
fbem-12589	59	12	provide	provide	VERB
fbem-12589	59	13	online	online	ADJ
fbem-12589	59	14	intermediary	intermediary	ADJ
fbem-12589	59	15	services	service	NOUN
fbem-12589	59	16	for	for	ADP
fbem-12589	59	17	product	product	NOUN
fbem-12589	59	18	and	and	CCONJ
fbem-12589	59	19	service	service	NOUN
fbem-12589	59	20	transactions	transaction	NOUN
fbem-12589	59	21	.	.	PUNCT
fbem-12589	60	1	taobao	taobao	PROPN
fbem-12589	60	2	is	be	AUX
fbem-12589	60	3	a	a	DET
fbem-12589	60	4	typical	typical	ADJ
fbem-12589	60	5	representative	representative	NOUN
fbem-12589	60	6	of	of	ADP
fbem-12589	60	7	this	this	DET
fbem-12589	60	8	platform	platform	NOUN
fbem-12589	60	9	,	,	PUNCT
fbem-12589	60	10	which	which	PRON
fbem-12589	60	11	gathers	gather	VERB
fbem-12589	60	12	suppliers	supplier	NOUN
fbem-12589	60	13	and	and	CCONJ
fbem-12589	60	14	consumers	consumer	NOUN
fbem-12589	60	15	from	from	ADP
fbem-12589	60	16	all	all	ADV
fbem-12589	60	17	over	over	ADP
fbem-12589	60	18	the	the	DET
fbem-12589	60	19	country	country	NOUN
fbem-12589	60	20	on	on	ADP
fbem-12589	60	21	the	the	DET
fbem-12589	60	22	same	same	ADJ
fbem-12589	60	23	platform	platform	NOUN
fbem-12589	60	24	,	,	PUNCT
fbem-12589	60	25	breaks	break	VERB
fbem-12589	60	26	through	through	ADP
fbem-12589	60	27	geographical	geographical	ADJ
fbem-12589	60	28	barriers	barrier	NOUN
fbem-12589	60	29	,	,	PUNCT
fbem-12589	60	30	saves	save	VERB
fbem-12589	60	31	transaction	transaction	NOUN
fbem-12589	60	32	costs	cost	NOUN
fbem-12589	60	33	,	,	PUNCT
fbem-12589	60	34	and	and	CCONJ
fbem-12589	60	35	promotes	promote	VERB
fbem-12589	60	36	the	the	DET
fbem-12589	60	37	evolution	evolution	NOUN
fbem-12589	60	38	of	of	ADP
fbem-12589	60	39	specialized	specialized	ADJ
fbem-12589	60	40	division	division	NOUN
fbem-12589	60	41	of	of	ADP
fbem-12589	60	42	labor	labor	NOUN
fbem-12589	60	43	,	,	PUNCT
fbem-12589	60	44	meets	meet	VERB
fbem-12589	60	45	the	the	DET
fbem-12589	60	46	personalized	personalize	VERB
fbem-12589	60	47	needs	need	NOUN
fbem-12589	60	48	of	of	ADP
fbem-12589	60	49	consumers	consumer	NOUN
fbem-12589	60	50	,	,	PUNCT
fbem-12589	60	51	and	and	CCONJ
fbem-12589	60	52	supports	support	VERB
fbem-12589	60	53	high	high	ADJ
fbem-12589	60	54	-	-	PUNCT
fbem-12589	60	55	quality	quality	NOUN
fbem-12589	60	56	development	development	NOUN
fbem-12589	60	57	of	of	ADP
fbem-12589	60	58	the	the	DET
fbem-12589	60	59	real	real	ADJ
fbem-12589	60	60	economy	economy	NOUN
fbem-12589	60	61	.	.	PUNCT
fbem-12589	61	1	the	the	DET
fbem-12589	61	2	second	second	ADJ
fbem-12589	61	3	is	be	AUX
fbem-12589	61	4	the	the	DET
fbem-12589	61	5	production	production	NOUN
fbem-12589	61	6	service	service	NOUN
fbem-12589	61	7	platform	platform	NOUN
fbem-12589	61	8	,	,	PUNCT
fbem-12589	61	9	which	which	PRON
fbem-12589	61	10	plays	play	VERB
fbem-12589	61	11	a	a	DET
fbem-12589	61	12	role	role	NOUN
fbem-12589	61	13	in	in	ADP
fbem-12589	61	14	application	application	NOUN
fbem-12589	61	15	scenarios	scenario	NOUN
fbem-12589	61	16	such	such	ADJ
fbem-12589	61	17	as	as	ADP
fbem-12589	61	18	equipment	equipment	NOUN
fbem-12589	61	19	management	management	NOUN
fbem-12589	61	20	services	service	NOUN
fbem-12589	61	21	,	,	PUNCT
fbem-12589	61	22	production	production	NOUN
fbem-12589	61	23	process	process	NOUN
fbem-12589	61	24	control	control	NOUN
fbem-12589	61	25	,	,	PUNCT
fbem-12589	61	26	and	and	CCONJ
fbem-12589	61	27	resource	resource	NOUN
fbem-12589	61	28	allocation	allocation	NOUN
fbem-12589	61	29	optimization	optimization	NOUN
fbem-12589	61	30	.	.	PUNCT
fbem-12589	62	1	industrial	industrial	ADJ
fbem-12589	62	2	internet	internet	NOUN
fbem-12589	62	3	platforms	platform	NOUN
fbem-12589	62	4	represented	represent	VERB
fbem-12589	62	5	by	by	ADP
fbem-12589	62	6	haier	haier	PROPN
fbem-12589	62	7	kaos	kaos	PROPN
fbem-12589	62	8	cosmoplat	cosmoplat	PROPN
fbem-12589	62	9	,	,	PUNCT
fbem-12589	62	10	tree	tree	NOUN
fbem-12589	62	11	root	root	NOUN
fbem-12589	62	12	interconnection	interconnection	PROPN
fbem-12589	62	13	root	root	NOUN
fbem-12589	62	14	cloud	cloud	NOUN
fbem-12589	62	15	,	,	PUNCT
fbem-12589	62	16	etc	etc	X
fbem-12589	62	17	.	.	X
fbem-12589	62	18	can	can	AUX
fbem-12589	62	19	provide	provide	VERB
fbem-12589	62	20	big	big	ADJ
fbem-12589	62	21	data	datum	NOUN
fbem-12589	62	22	analysis	analysis	NOUN
fbem-12589	62	23	services	service	NOUN
fbem-12589	62	24	for	for	ADP
fbem-12589	62	25	large	large	ADJ
fbem-12589	62	26	enterprises	enterprise	NOUN
fbem-12589	62	27	,	,	PUNCT
fbem-12589	62	28	help	help	VERB
fbem-12589	62	29	small	small	ADJ
fbem-12589	62	30	and	and	CCONJ
fbem-12589	62	31	medium	medium	ADJ
fbem-12589	62	32	-	-	PUNCT
fbem-12589	62	33	sized	sized	ADJ
fbem-12589	62	34	enterprises	enterprise	NOUN
fbem-12589	62	35	complete	complete	VERB
fbem-12589	62	36	digital	digital	ADJ
fbem-12589	62	37	transformation	transformation	NOUN
fbem-12589	62	38	at	at	ADP
fbem-12589	62	39	lower	low	ADJ
fbem-12589	62	40	costs	cost	NOUN
fbem-12589	62	41	,	,	PUNCT
fbem-12589	62	42	optimize	optimize	VERB
fbem-12589	62	43	enterprise	enterprise	NOUN
fbem-12589	62	44	resource	resource	NOUN
fbem-12589	62	45	allocation	allocation	NOUN
fbem-12589	62	46	,	,	PUNCT
fbem-12589	62	47	improve	improve	VERB
fbem-12589	62	48	production	production	NOUN
fbem-12589	62	49	efficiency	efficiency	NOUN
fbem-12589	62	50	,	,	PUNCT
fbem-12589	62	51	and	and	CCONJ
fbem-12589	62	52	promote	promote	VERB
fbem-12589	62	53	high	high	ADJ
fbem-12589	62	54	-	-	PUNCT
fbem-12589	62	55	quality	quality	NOUN
fbem-12589	62	56	development	development	NOUN
fbem-12589	62	57	of	of	ADP
fbem-12589	62	58	the	the	DET
fbem-12589	62	59	real	real	ADJ
fbem-12589	62	60	economy	economy	NOUN
fbem-12589	62	61	.	.	PUNCT
fbem-12589	63	1	in	in	ADP
fbem-12589	63	2	summary	summary	NOUN
fbem-12589	63	3	,	,	PUNCT
fbem-12589	63	4	regarding	regard	VERB
fbem-12589	63	5	the	the	DET
fbem-12589	63	6	impact	impact	NOUN
fbem-12589	63	7	of	of	ADP
fbem-12589	63	8	the	the	DET
fbem-12589	63	9	digital	digital	ADJ
fbem-12589	63	10	economy	economy	NOUN
fbem-12589	63	11	on	on	ADP
fbem-12589	63	12	value	value	NOUN
fbem-12589	63	13	chain	chain	NOUN
fbem-12589	63	14	reconstruction	reconstruction	NOUN
fbem-12589	63	15	,	,	PUNCT
fbem-12589	63	16	we	we	PRON
fbem-12589	63	17	can	can	AUX
fbem-12589	63	18	summarize	summarize	VERB
fbem-12589	63	19	several	several	ADJ
fbem-12589	63	20	major	major	ADJ
fbem-12589	63	21	advantages	advantage	NOUN
fbem-12589	63	22	of	of	ADP
fbem-12589	63	23	the	the	DET
fbem-12589	63	24	digital	digital	ADJ
fbem-12589	63	25	economy	economy	NOUN
fbem-12589	63	26	:	:	PUNCT
fbem-12589	63	27	reduced	reduce	VERB
fbem-12589	63	28	product	product	NOUN
fbem-12589	63	29	costs	cost	NOUN
fbem-12589	63	30	,	,	PUNCT
fbem-12589	63	31	clear	clear	ADJ
fbem-12589	63	32	demand	demand	NOUN
fbem-12589	63	33	objectives	objective	NOUN
fbem-12589	63	34	,	,	PUNCT
fbem-12589	63	35	and	and	CCONJ
fbem-12589	63	36	accelerated	accelerate	VERB
fbem-12589	63	37	upgrade	upgrade	NOUN
fbem-12589	63	38	iterations	iteration	NOUN
fbem-12589	63	39	.	.	PUNCT
fbem-12589	64	1	at	at	ADP
fbem-12589	64	2	the	the	DET
fbem-12589	64	3	level	level	NOUN
fbem-12589	64	4	of	of	ADP
fbem-12589	64	5	product	product	NOUN
fbem-12589	64	6	cost	cost	NOUN
fbem-12589	64	7	reduction	reduction	NOUN
fbem-12589	64	8	,	,	PUNCT
fbem-12589	64	9	we	we	PRON
fbem-12589	64	10	divide	divide	VERB
fbem-12589	64	11	product	product	NOUN
fbem-12589	64	12	costs	cost	NOUN
fbem-12589	64	13	into	into	ADP
fbem-12589	64	14	two	two	NUM
fbem-12589	64	15	aspects	aspect	NOUN
fbem-12589	64	16	:	:	PUNCT
fbem-12589	64	17	production	production	NOUN
fbem-12589	64	18	costs	cost	NOUN
fbem-12589	64	19	and	and	CCONJ
fbem-12589	64	20	transaction	transaction	NOUN
fbem-12589	64	21	costs	cost	NOUN
fbem-12589	64	22	.	.	PUNCT
fbem-12589	65	1	in	in	ADP
fbem-12589	65	2	the	the	DET
fbem-12589	65	3	traditional	traditional	ADJ
fbem-12589	65	4	economic	economic	ADJ
fbem-12589	65	5	system	system	NOUN
fbem-12589	65	6	,	,	PUNCT
fbem-12589	65	7	the	the	DET
fbem-12589	65	8	division	division	NOUN
fbem-12589	65	9	of	of	ADP
fbem-12589	65	10	labor	labor	NOUN
fbem-12589	65	11	between	between	ADP
fbem-12589	65	12	industrial	industrial	ADJ
fbem-12589	65	13	chains	chain	NOUN
fbem-12589	65	14	is	be	AUX
fbem-12589	65	15	more	more	ADV
fbem-12589	65	16	clear	clear	ADJ
fbem-12589	65	17	,	,	PUNCT
fbem-12589	65	18	but	but	CCONJ
fbem-12589	65	19	this	this	PRON
fbem-12589	65	20	also	also	ADV
fbem-12589	65	21	leads	lead	VERB
fbem-12589	65	22	to	to	ADP
fbem-12589	65	23	the	the	DET
fbem-12589	65	24	disadvantage	disadvantage	NOUN
fbem-12589	65	25	of	of	ADP
fbem-12589	65	26	low	low	ADJ
fbem-12589	65	27	product	product	NOUN
fbem-12589	65	28	synthesis	synthesis	NOUN
fbem-12589	65	29	matching	matching	NOUN
fbem-12589	65	30	.	.	PUNCT
fbem-12589	66	1	due	due	ADP
fbem-12589	66	2	to	to	ADP
fbem-12589	66	3	the	the	DET
fbem-12589	66	4	different	different	ADJ
fbem-12589	66	5	productivity	productivity	NOUN
fbem-12589	66	6	of	of	ADP
fbem-12589	66	7	different	different	ADJ
fbem-12589	66	8	parts	part	NOUN
fbem-12589	66	9	of	of	ADP
fbem-12589	66	10	the	the	DET
fbem-12589	66	11	product	product	NOUN
fbem-12589	66	12	,	,	PUNCT
fbem-12589	66	13	coupled	couple	VERB
fbem-12589	66	14	with	with	ADP
fbem-12589	66	15	the	the	DET
fbem-12589	66	16	lack	lack	NOUN
fbem-12589	66	17	of	of	ADP
fbem-12589	66	18	timely	timely	ADJ
fbem-12589	66	19	information	information	NOUN
fbem-12589	66	20	communication	communication	NOUN
fbem-12589	66	21	,	,	PUNCT
fbem-12589	66	22	the	the	DET
fbem-12589	66	23	productivity	productivity	NOUN
fbem-12589	66	24	of	of	ADP
fbem-12589	66	25	parts	part	NOUN
fbem-12589	66	26	is	be	AUX
fbem-12589	66	27	not	not	PART
fbem-12589	66	28	matched	match	VERB
fbem-12589	66	29	,	,	PUNCT
fbem-12589	66	30	reflecting	reflect	VERB
fbem-12589	66	31	the	the	DET
fbem-12589	66	32	barrel	barrel	NOUN
fbem-12589	66	33	effect	effect	NOUN
fbem-12589	66	34	in	in	ADP
fbem-12589	66	35	production	production	NOUN
fbem-12589	66	36	.	.	PUNCT
fbem-12589	67	1	the	the	DET
fbem-12589	67	2	excess	excess	ADJ
fbem-12589	67	3	productivity	productivity	NOUN
fbem-12589	67	4	is	be	AUX
fbem-12589	67	5	not	not	PART
fbem-12589	67	6	fully	fully	ADV
fbem-12589	67	7	reflected	reflect	VERB
fbem-12589	67	8	,	,	PUNCT
fbem-12589	67	9	and	and	CCONJ
fbem-12589	67	10	instead	instead	ADV
fbem-12589	67	11	,	,	PUNCT
fbem-12589	67	12	it	it	PRON
fbem-12589	67	13	has	have	AUX
fbem-12589	67	14	ushered	usher	VERB
fbem-12589	67	15	in	in	ADP
fbem-12589	67	16	a	a	DET
fbem-12589	67	17	phased	phase	VERB
fbem-12589	67	18	cost	cost	NOUN
fbem-12589	67	19	increase	increase	NOUN
fbem-12589	67	20	,	,	PUNCT
fbem-12589	67	21	in	in	ADP
fbem-12589	67	22	the	the	DET
fbem-12589	67	23	current	current	ADJ
fbem-12589	67	24	era	era	NOUN
fbem-12589	67	25	of	of	ADP
fbem-12589	67	26	frequent	frequent	ADJ
fbem-12589	67	27	data	datum	NOUN
fbem-12589	67	28	exchange	exchange	NOUN
fbem-12589	67	29	,	,	PUNCT
fbem-12589	67	30	digital	digital	ADJ
fbem-12589	67	31	management	management	NOUN
fbem-12589	67	32	can	can	AUX
fbem-12589	67	33	effectively	effectively	ADV
fbem-12589	67	34	solve	solve	VERB
fbem-12589	67	35	this	this	DET
fbem-12589	67	36	problem	problem	NOUN
fbem-12589	67	37	.	.	PUNCT
fbem-12589	68	1	in	in	ADP
fbem-12589	68	2	terms	term	NOUN
fbem-12589	68	3	of	of	ADP
fbem-12589	68	4	transaction	transaction	NOUN
fbem-12589	68	5	costs	cost	NOUN
fbem-12589	68	6	,	,	PUNCT
fbem-12589	68	7	the	the	DET
fbem-12589	68	8	internet	internet	NOUN
fbem-12589	68	9	provides	provide	VERB
fbem-12589	68	10	a	a	DET
fbem-12589	68	11	more	more	ADV
fbem-12589	68	12	convenient	convenient	ADJ
fbem-12589	68	13	platform	platform	NOUN
fbem-12589	68	14	,	,	PUNCT
fbem-12589	68	15	making	make	VERB
fbem-12589	68	16	distribution	distribution	NOUN
fbem-12589	68	17	channels	channel	NOUN
fbem-12589	68	18	simpler	simple	ADJ
fbem-12589	68	19	and	and	CCONJ
fbem-12589	68	20	faster	fast	ADV
fbem-12589	68	21	,	,	PUNCT
fbem-12589	68	22	eliminating	eliminate	VERB
fbem-12589	68	23	cumbersome	cumbersome	ADJ
fbem-12589	68	24	warehousing	warehousing	NOUN
fbem-12589	68	25	and	and	CCONJ
fbem-12589	68	26	sales	sale	NOUN
fbem-12589	68	27	expenses	expense	NOUN
fbem-12589	68	28	.	.	PUNCT
fbem-12589	69	1	at	at	ADP
fbem-12589	69	2	the	the	DET
fbem-12589	69	3	level	level	NOUN
fbem-12589	69	4	of	of	ADP
fbem-12589	69	5	clear	clear	ADJ
fbem-12589	69	6	demand	demand	NOUN
fbem-12589	69	7	goals	goal	NOUN
fbem-12589	69	8	,	,	PUNCT
fbem-12589	69	9	as	as	SCONJ
fbem-12589	69	10	big	big	ADJ
fbem-12589	69	11	data	datum	NOUN
fbem-12589	69	12	has	have	AUX
fbem-12589	69	13	already	already	ADV
fbem-12589	69	14	summarized	summarize	VERB
fbem-12589	69	15	the	the	DET
fbem-12589	69	16	products	product	NOUN
fbem-12589	69	17	that	that	PRON
fbem-12589	69	18	consumers	consumer	NOUN
fbem-12589	69	19	have	have	AUX
fbem-12589	69	20	consumed	consume	VERB
fbem-12589	69	21	in	in	ADP
fbem-12589	69	22	the	the	DET
fbem-12589	69	23	past	past	NOUN
fbem-12589	69	24	,	,	PUNCT
fbem-12589	69	25	a	a	DET
fbem-12589	69	26	large	large	ADJ
fbem-12589	69	27	amount	amount	NOUN
fbem-12589	69	28	of	of	ADP
fbem-12589	69	29	consumption	consumption	NOUN
fbem-12589	69	30	data	datum	NOUN
fbem-12589	69	31	can	can	AUX
fbem-12589	69	32	provide	provide	VERB
fbem-12589	69	33	manufacturers	manufacturer	NOUN
fbem-12589	69	34	with	with	ADP
fbem-12589	69	35	a	a	DET
fbem-12589	69	36	clear	clear	ADJ
fbem-12589	69	37	sales	sale	NOUN
fbem-12589	69	38	target	target	NOUN
fbem-12589	69	39	.	.	PUNCT
fbem-12589	70	1	li	li	PROPN
fbem-12589	70	2	chunfa	chunfa	PROPN
fbem-12589	70	3	(	(	PUNCT
fbem-12589	70	4	2020	2020	NUM
fbem-12589	70	5	)	)	PUNCT
fbem-12589	70	6	believes	believe	VERB
fbem-12589	70	7	that	that	SCONJ
fbem-12589	70	8	this	this	PRON
fbem-12589	70	9	has	have	AUX
fbem-12589	70	10	recreated	recreate	VERB
fbem-12589	70	11	the	the	DET
fbem-12589	70	12	supply	supply	NOUN
fbem-12589	70	13	and	and	CCONJ
fbem-12589	70	14	demand	demand	NOUN
fbem-12589	70	15	relationship	relationship	NOUN
fbem-12589	70	16	at	at	ADP
fbem-12589	70	17	the	the	DET
fbem-12589	70	18	end	end	NOUN
fbem-12589	70	19	of	of	ADP
fbem-12589	70	20	the	the	DET
fbem-12589	70	21	industrial	industrial	ADJ
fbem-12589	70	22	chain	chain	NOUN
fbem-12589	70	23	,	,	PUNCT
fbem-12589	70	24	no	no	ADV
fbem-12589	70	25	longer	long	ADV
fbem-12589	70	26	selling	sell	VERB
fbem-12589	70	27	what	what	PRON
fbem-12589	70	28	is	be	AUX
fbem-12589	70	29	produced	produce	VERB
fbem-12589	70	30	,	,	PUNCT
fbem-12589	70	31	but	but	CCONJ
fbem-12589	70	32	producing	produce	VERB
fbem-12589	70	33	what	what	PRON
fbem-12589	70	34	is	be	AUX
fbem-12589	70	35	needed	need	VERB
fbem-12589	70	36	based	base	VERB
fbem-12589	70	37	on	on	ADP
fbem-12589	70	38	consumer	consumer	NOUN
fbem-12589	70	39	demand	demand	NOUN
fbem-12589	70	40	.	.	PUNCT
fbem-12589	71	1	at	at	ADP
fbem-12589	71	2	the	the	DET
fbem-12589	71	3	level	level	NOUN
fbem-12589	71	4	of	of	ADP
fbem-12589	71	5	accelerating	accelerate	VERB
fbem-12589	71	6	price	price	NOUN
fbem-12589	71	7	increase	increase	NOUN
fbem-12589	71	8	iteration	iteration	NOUN
fbem-12589	71	9	,	,	PUNCT
fbem-12589	71	10	the	the	DET
fbem-12589	71	11	most	most	ADV
fbem-12589	71	12	expressive	expressive	ADJ
fbem-12589	71	13	industry	industry	NOUN
fbem-12589	71	14	is	be	AUX
fbem-12589	71	15	the	the	DET
fbem-12589	71	16	chip	chip	NOUN
fbem-12589	71	17	semiconductor	semiconductor	NOUN
fbem-12589	71	18	industry	industry	NOUN
fbem-12589	71	19	.	.	PUNCT
fbem-12589	72	1	just	just	ADV
fbem-12589	72	2	a	a	DET
fbem-12589	72	3	few	few	ADJ
fbem-12589	72	4	years	year	NOUN
fbem-12589	72	5	ago	ago	ADV
fbem-12589	72	6	,	,	PUNCT
fbem-12589	72	7	the	the	DET
fbem-12589	72	8	14	14	NUM
fbem-12589	72	9	nm	nm	NOUN
fbem-12589	72	10	chip	chip	NOUN
fbem-12589	72	11	production	production	NOUN
fbem-12589	72	12	process	process	NOUN
fbem-12589	72	13	was	be	AUX
fbem-12589	72	14	just	just	ADV
fbem-12589	72	15	introduced	introduce	VERB
fbem-12589	72	16	and	and	CCONJ
fbem-12589	72	17	won	win	VERB
fbem-12589	72	18	the	the	DET
fbem-12589	72	19	industry	industry	NOUN
fbem-12589	72	20	's	's	PART
fbem-12589	72	21	attention	attention	NOUN
fbem-12589	72	22	.	.	PUNCT
fbem-12589	73	1	in	in	ADP
fbem-12589	73	2	just	just	ADV
fbem-12589	73	3	a	a	DET
fbem-12589	73	4	few	few	ADJ
fbem-12589	73	5	years	year	NOUN
fbem-12589	73	6	,	,	PUNCT
fbem-12589	73	7	the	the	DET
fbem-12589	73	8	5	5	NUM
fbem-12589	73	9	nm	nm	NOUN
fbem-12589	73	10	chip	chip	NOUN
fbem-12589	73	11	production	production	NOUN
fbem-12589	73	12	technology	technology	NOUN
fbem-12589	73	13	has	have	AUX
fbem-12589	73	14	become	become	VERB
fbem-12589	73	15	mature	mature	ADJ
fbem-12589	73	16	and	and	CCONJ
fbem-12589	73	17	will	will	AUX
fbem-12589	73	18	soon	soon	ADV
fbem-12589	73	19	be	be	AUX
fbem-12589	73	20	put	put	VERB
fbem-12589	73	21	into	into	ADP
fbem-12589	73	22	production	production	NOUN
fbem-12589	73	23	on	on	ADP
fbem-12589	73	24	nvidia	nvidia	PROPN
fbem-12589	73	25	's	's	PART
fbem-12589	73	26	rtx4090	rtx4090	NOUN
fbem-12589	73	27	graphics	graphic	NOUN
fbem-12589	73	28	card	card	NOUN
fbem-12589	73	29	.	.	PUNCT
fbem-12589	74	1	in	in	ADP
fbem-12589	74	2	the	the	DET
fbem-12589	74	3	process	process	NOUN
fbem-12589	74	4	of	of	ADP
fbem-12589	74	5	value	value	NOUN
fbem-12589	74	6	chain	chain	NOUN
fbem-12589	74	7	reconstruction	reconstruction	NOUN
fbem-12589	74	8	driven	drive	VERB
fbem-12589	74	9	by	by	ADP
fbem-12589	74	10	the	the	DET
fbem-12589	74	11	digital	digital	ADJ
fbem-12589	74	12	economy	economy	NOUN
fbem-12589	74	13	,	,	PUNCT
fbem-12589	74	14	li	li	PROPN
fbem-12589	74	15	chunfa	chunfa	PROPN
fbem-12589	74	16	(	(	PUNCT
fbem-12589	74	17	2020	2020	NUM
fbem-12589	74	18	)	)	PUNCT
fbem-12589	74	19	believes	believe	VERB
fbem-12589	74	20	that	that	SCONJ
fbem-12589	74	21	this	this	DET
fbem-12589	74	22	process	process	NOUN
fbem-12589	74	23	is	be	AUX
fbem-12589	74	24	mainly	mainly	ADV
fbem-12589	74	25	divided	divide	VERB
fbem-12589	74	26	into	into	ADP
fbem-12589	74	27	four	four	NUM
fbem-12589	74	28	stages	stage	NOUN
fbem-12589	74	29	,	,	PUNCT
fbem-12589	74	30	namely	namely	ADV
fbem-12589	74	31	the	the	DET
fbem-12589	74	32	foundation	foundation	NOUN
fbem-12589	74	33	period	period	NOUN
fbem-12589	74	34	,	,	PUNCT
fbem-12589	74	35	development	development	NOUN
fbem-12589	74	36	period	period	NOUN
fbem-12589	74	37	,	,	PUNCT
fbem-12589	74	38	maturity	maturity	NOUN
fbem-12589	74	39	period	period	NOUN
fbem-12589	74	40	,	,	PUNCT
fbem-12589	74	41	and	and	CCONJ
fbem-12589	74	42	transformation	transformation	NOUN
fbem-12589	74	43	period	period	NOUN
fbem-12589	74	44	.	.	PUNCT
fbem-12589	75	1	in	in	ADP
fbem-12589	75	2	the	the	DET
fbem-12589	75	3	basic	basic	ADJ
fbem-12589	75	4	period	period	NOUN
fbem-12589	75	5	,	,	PUNCT
fbem-12589	75	6	digital	digital	ADJ
fbem-12589	75	7	knowledge	knowledge	NOUN
fbem-12589	75	8	and	and	CCONJ
fbem-12589	75	9	information	information	NOUN
fbem-12589	75	10	have	have	AUX
fbem-12589	75	11	become	become	VERB
fbem-12589	75	12	key	key	ADJ
fbem-12589	75	13	production	production	NOUN
fbem-12589	75	14	factors	factor	NOUN
fbem-12589	75	15	,	,	PUNCT
fbem-12589	75	16	and	and	CCONJ
fbem-12589	75	17	digital	digital	ADJ
fbem-12589	75	18	infrastructure	infrastructure	NOUN
fbem-12589	75	19	is	be	AUX
fbem-12589	75	20	facing	face	VERB
fbem-12589	75	21	upgrading	upgrading	NOUN
fbem-12589	75	22	.	.	PUNCT
fbem-12589	76	1	at	at	ADP
fbem-12589	76	2	this	this	DET
fbem-12589	76	3	time	time	NOUN
fbem-12589	76	4	,	,	PUNCT
fbem-12589	76	5	industries	industry	NOUN
fbem-12589	76	6	such	such	ADJ
fbem-12589	76	7	as	as	ADP
fbem-12589	76	8	industrial	industrial	ADJ
fbem-12589	76	9	internet	internet	NOUN
fbem-12589	76	10	,	,	PUNCT
fbem-12589	76	11	5	5	NUM
fbem-12589	76	12	g	g	NOUN
fbem-12589	76	13	,	,	PUNCT
fbem-12589	76	14	cloud	cloud	NOUN
fbem-12589	76	15	computing	computing	NOUN
fbem-12589	76	16	,	,	PUNCT
fbem-12589	76	17	and	and	CCONJ
fbem-12589	76	18	the	the	DET
fbem-12589	76	19	internet	internet	NOUN
fbem-12589	76	20	of	of	ADP
fbem-12589	76	21	things	thing	NOUN
fbem-12589	76	22	are	be	AUX
fbem-12589	76	23	developing	develop	VERB
fbem-12589	76	24	rapidly	rapidly	ADV
fbem-12589	76	25	.	.	PUNCT
fbem-12589	77	1	during	during	ADP
fbem-12589	77	2	the	the	DET
fbem-12589	77	3	development	development	NOUN
fbem-12589	77	4	period	period	NOUN
fbem-12589	77	5	,	,	PUNCT
fbem-12589	77	6	the	the	DET
fbem-12589	77	7	new	new	ADJ
fbem-12589	77	8	technologies	technology	NOUN
fbem-12589	77	9	brought	bring	VERB
fbem-12589	77	10	about	about	ADP
fbem-12589	77	11	by	by	ADP
fbem-12589	77	12	digitalization	digitalization	NOUN
fbem-12589	77	13	continue	continue	VERB
fbem-12589	77	14	to	to	PART
fbem-12589	77	15	impact	impact	VERB
fbem-12589	77	16	traditional	traditional	ADJ
fbem-12589	77	17	industries	industry	NOUN
fbem-12589	77	18	,	,	PUNCT
fbem-12589	77	19	change	change	VERB
fbem-12589	77	20	the	the	DET
fbem-12589	77	21	original	original	ADJ
fbem-12589	77	22	resource	resource	NOUN
fbem-12589	77	23	allocation	allocation	NOUN
fbem-12589	77	24	methods	method	NOUN
fbem-12589	77	25	,	,	PUNCT
fbem-12589	77	26	and	and	CCONJ
fbem-12589	77	27	actively	actively	ADV
fbem-12589	77	28	transform	transform	VERB
fbem-12589	77	29	the	the	DET
fbem-12589	77	30	industrial	industrial	ADJ
fbem-12589	77	31	chain	chain	NOUN
fbem-12589	77	32	by	by	ADP
fbem-12589	77	33	integrating	integrate	VERB
fbem-12589	77	34	digitalization	digitalization	NOUN
fbem-12589	77	35	.	.	PUNCT
fbem-12589	78	1	at	at	ADP
fbem-12589	78	2	this	this	DET
fbem-12589	78	3	time	time	NOUN
fbem-12589	78	4	,	,	PUNCT
fbem-12589	78	5	information	information	NOUN
fbem-12589	78	6	digitization	digitization	NOUN
fbem-12589	78	7	,	,	PUNCT
fbem-12589	78	8	new	new	ADJ
fbem-12589	78	9	business	business	NOUN
fbem-12589	78	10	models	model	NOUN
fbem-12589	78	11	,	,	PUNCT
fbem-12589	78	12	and	and	CCONJ
fbem-12589	78	13	industrial	industrial	ADJ
fbem-12589	78	14	chain	chain	NOUN
fbem-12589	78	15	organizational	organizational	ADJ
fbem-12589	78	16	forms	form	NOUN
fbem-12589	78	17	undergo	undergo	VERB
fbem-12589	78	18	changes	change	NOUN
fbem-12589	78	19	.	.	PUNCT
fbem-12589	79	1	in	in	ADP
fbem-12589	79	2	the	the	DET
fbem-12589	79	3	mature	mature	ADJ
fbem-12589	79	4	period	period	NOUN
fbem-12589	79	5	,	,	PUNCT
fbem-12589	79	6	industrial	industrial	ADJ
fbem-12589	79	7	internet	internet	NOUN
fbem-12589	79	8	platforms	platform	NOUN
fbem-12589	79	9	have	have	AUX
fbem-12589	79	10	emerged	emerge	VERB
fbem-12589	79	11	,	,	PUNCT
fbem-12589	79	12	and	and	CCONJ
fbem-12589	79	13	big	big	ADJ
fbem-12589	79	14	data	datum	NOUN
fbem-12589	79	15	has	have	AUX
fbem-12589	79	16	driven	drive	VERB
fbem-12589	79	17	demand	demand	NOUN
fbem-12589	79	18	changes	change	NOUN
fbem-12589	79	19	to	to	PART
fbem-12589	79	20	force	force	VERB
fbem-12589	79	21	production	production	NOUN
fbem-12589	79	22	.	.	PUNCT
fbem-12589	80	1	enterprise	enterprise	NOUN
fbem-12589	80	2	production	production	NOUN
fbem-12589	80	3	has	have	AUX
fbem-12589	80	4	also	also	ADV
fbem-12589	80	5	become	become	VERB
fbem-12589	80	6	targeted	target	VERB
fbem-12589	80	7	,	,	PUNCT
fbem-12589	80	8	and	and	CCONJ
fbem-12589	80	9	new	new	ADJ
fbem-12589	80	10	manufacturing	manufacturing	NOUN
fbem-12589	80	11	models	model	NOUN
fbem-12589	80	12	have	have	AUX
fbem-12589	80	13	emerged	emerge	VERB
fbem-12589	80	14	.	.	PUNCT
fbem-12589	81	1	service	service	NOUN
fbem-12589	81	2	oriented	orient	VERB
fbem-12589	81	3	manufacturing	manufacturing	NOUN
fbem-12589	81	4	,	,	PUNCT
fbem-12589	81	5	network	network	NOUN
fbem-12589	81	6	collaborative	collaborative	ADJ
fbem-12589	81	7	manufacturing	manufacturing	NOUN
fbem-12589	81	8	,	,	PUNCT
fbem-12589	81	9	and	and	CCONJ
fbem-12589	81	10	large	large	ADJ
fbem-12589	81	11	-	-	PUNCT
fbem-12589	81	12	scale	scale	NOUN
fbem-12589	81	13	personalized	personalized	ADJ
fbem-12589	81	14	customization	customization	NOUN
fbem-12589	81	15	have	have	AUX
fbem-12589	81	16	emerged	emerge	VERB
fbem-12589	81	17	one	one	NUM
fbem-12589	81	18	after	after	ADP
fbem-12589	81	19	another	another	PRON
fbem-12589	81	20	.	.	PUNCT
fbem-12589	82	1	finally	finally	ADV
fbem-12589	82	2	,	,	PUNCT
fbem-12589	82	3	during	during	ADP
fbem-12589	82	4	the	the	DET
fbem-12589	82	5	economic	economic	ADJ
fbem-12589	82	6	transformation	transformation	NOUN
fbem-12589	82	7	period	period	NOUN
fbem-12589	82	8	of	of	ADP
fbem-12589	82	9	the	the	DET
fbem-12589	82	10	reconstruction	reconstruction	NOUN
fbem-12589	82	11	process	process	NOUN
fbem-12589	82	12	,	,	PUNCT
fbem-12589	82	13	advanced	advanced	ADJ
fbem-12589	82	14	manufacturing	manufacturing	NOUN
fbem-12589	82	15	technology	technology	NOUN
fbem-12589	82	16	and	and	CCONJ
fbem-12589	82	17	digital	digital	ADJ
fbem-12589	82	18	new	new	ADJ
fbem-12589	82	19	technologies	technology	NOUN
fbem-12589	82	20	are	be	AUX
fbem-12589	82	21	integrated	integrate	VERB
fbem-12589	82	22	and	and	CCONJ
fbem-12589	82	23	applied	apply	VERB
fbem-12589	82	24	,	,	PUNCT
fbem-12589	82	25	promoting	promote	VERB
fbem-12589	82	26	the	the	DET
fbem-12589	82	27	transformation	transformation	NOUN
fbem-12589	82	28	from	from	ADP
fbem-12589	82	29	automation	automation	NOUN
fbem-12589	82	30	to	to	ADP
fbem-12589	82	31	intelligence	intelligence	NOUN
fbem-12589	82	32	.	.	PUNCT
fbem-12589	83	1	3	3	X
fbem-12589	83	2	.	.	X
fbem-12589	83	3	data	datum	NOUN
fbem-12589	83	4	selection	selection	NOUN
fbem-12589	83	5	and	and	CCONJ
fbem-12589	83	6	model	model	NOUN
fbem-12589	83	7	establishment	establishment	NOUN
fbem-12589	83	8	:	:	PUNCT
fbem-12589	83	9	3.1	3.1	NUM
fbem-12589	83	10	.	.	PUNCT
fbem-12589	83	11	data	datum	NOUN
fbem-12589	83	12	selection	selection	NOUN
fbem-12589	83	13	firstly	firstly	ADV
fbem-12589	83	14	,	,	PUNCT
fbem-12589	83	15	consider	consider	VERB
fbem-12589	83	16	the	the	DET
fbem-12589	83	17	net	net	ADJ
fbem-12589	83	18	asset	asset	NOUN
fbem-12589	83	19	growth	growth	NOUN
fbem-12589	83	20	rate	rate	NOUN
fbem-12589	83	21	as	as	ADP
fbem-12589	83	22	the	the	DET
fbem-12589	83	23	dependent	dependent	ADJ
fbem-12589	83	24	variable	variable	NOUN
fbem-12589	83	25	,	,	PUNCT
fbem-12589	83	26	as	as	SCONJ
fbem-12589	83	27	it	it	PRON
fbem-12589	83	28	represents	represent	VERB
fbem-12589	83	29	the	the	DET
fbem-12589	83	30	development	development	NOUN
fbem-12589	83	31	speed	speed	NOUN
fbem-12589	83	32	and	and	CCONJ
fbem-12589	83	33	expansion	expansion	NOUN
fbem-12589	83	34	scale	scale	NOUN
fbem-12589	83	35	of	of	ADP
fbem-12589	83	36	the	the	DET
fbem-12589	83	37	enterprise	enterprise	NOUN
fbem-12589	83	38	.	.	PUNCT
fbem-12589	84	1	compared	compare	VERB
fbem-12589	84	2	to	to	ADP
fbem-12589	84	3	total	total	ADJ
fbem-12589	84	4	operating	operating	NOUN
fbem-12589	84	5	revenue	revenue	NOUN
fbem-12589	84	6	,	,	PUNCT
fbem-12589	84	7	the	the	DET
fbem-12589	84	8	net	net	ADJ
fbem-12589	84	9	asset	asset	NOUN
fbem-12589	84	10	growth	growth	NOUN
fbem-12589	84	11	rate	rate	NOUN
fbem-12589	84	12	is	be	AUX
fbem-12589	84	13	a	a	DET
fbem-12589	84	14	more	more	ADV
fbem-12589	84	15	reasonable	reasonable	ADJ
fbem-12589	84	16	variable	variable	NOUN
fbem-12589	84	17	.	.	PUNCT
fbem-12589	85	1	due	due	ADP
fbem-12589	85	2	to	to	ADP
fbem-12589	85	3	the	the	DET
fbem-12589	85	4	different	different	ADJ
fbem-12589	85	5	industries	industry	NOUN
fbem-12589	85	6	in	in	ADP
fbem-12589	85	7	which	which	PRON
fbem-12589	85	8	the	the	DET
fbem-12589	85	9	enterprise	enterprise	NOUN
fbem-12589	85	10	operates	operate	VERB
fbem-12589	85	11	,	,	PUNCT
fbem-12589	85	12	there	there	PRON
fbem-12589	85	13	is	be	VERB
fbem-12589	85	14	a	a	DET
fbem-12589	85	15	significant	significant	ADJ
fbem-12589	85	16	difference	difference	NOUN
fbem-12589	85	17	in	in	ADP
fbem-12589	85	18	revenue	revenue	NOUN
fbem-12589	85	19	scale	scale	NOUN
fbem-12589	85	20	and	and	CCONJ
fbem-12589	85	21	profit	profit	NOUN
fbem-12589	85	22	margin	margin	NOUN
fbem-12589	85	23	.	.	PUNCT
fbem-12589	86	1	in	in	ADP
fbem-12589	86	2	this	this	DET
fbem-12589	86	3	case	case	NOUN
fbem-12589	86	4	,	,	PUNCT
fbem-12589	86	5	if	if	SCONJ
fbem-12589	86	6	total	total	ADJ
fbem-12589	86	7	revenue	revenue	NOUN
fbem-12589	86	8	is	be	AUX
fbem-12589	86	9	used	use	VERB
fbem-12589	86	10	as	as	ADP
fbem-12589	86	11	a	a	DET
fbem-12589	86	12	variable	variable	NOUN
fbem-12589	86	13	,	,	PUNCT
fbem-12589	86	14	the	the	DET
fbem-12589	86	15	variance	variance	NOUN
fbem-12589	86	16	is	be	AUX
fbem-12589	86	17	too	too	ADV
fbem-12589	86	18	large	large	ADJ
fbem-12589	86	19	.	.	PUNCT
fbem-12589	87	1	in	in	ADP
fbem-12589	87	2	terms	term	NOUN
fbem-12589	87	3	of	of	ADP
fbem-12589	87	4	core	core	ADJ
fbem-12589	87	5	explanatory	explanatory	ADJ
fbem-12589	87	6	variables	variable	NOUN
fbem-12589	87	7	,	,	PUNCT
fbem-12589	87	8	the	the	DET
fbem-12589	87	9	quantitative	quantitative	ADJ
fbem-12589	87	10	measurement	measurement	NOUN
fbem-12589	87	11	of	of	ADP
fbem-12589	87	12	enterprise	enterprise	NOUN
fbem-12589	87	13	digital	digital	ADJ
fbem-12589	87	14	transformation	transformation	NOUN
fbem-12589	87	15	is	be	AUX
fbem-12589	87	16	a	a	DET
fbem-12589	87	17	cuttingedge	cuttingedge	ADJ
fbem-12589	87	18	issue	issue	NOUN
fbem-12589	87	19	in	in	ADP
fbem-12589	87	20	both	both	CCONJ
fbem-12589	87	21	academia	academia	NOUN
fbem-12589	87	22	and	and	CCONJ
fbem-12589	87	23	practical	practical	ADJ
fbem-12589	87	24	departments	department	NOUN
fbem-12589	87	25	.	.	PUNCT
fbem-12589	88	1	from	from	ADP
fbem-12589	88	2	a	a	DET
fbem-12589	88	3	theoretical	theoretical	ADJ
fbem-12589	88	4	perspective	perspective	NOUN
fbem-12589	88	5	,	,	PUNCT
fbem-12589	88	6	although	although	SCONJ
fbem-12589	88	7	data	datum	NOUN
fbem-12589	88	8	has	have	AUX
fbem-12589	88	9	been	be	AUX
fbem-12589	88	10	widely	widely	ADV
fbem-12589	88	11	accepted	accept	VERB
fbem-12589	88	12	as	as	ADP
fbem-12589	88	13	an	an	DET
fbem-12589	88	14	important	important	ADJ
fbem-12589	88	15	economic	economic	ADJ
fbem-12589	88	16	"	"	PUNCT
fbem-12589	88	17	new	new	ADJ
fbem-12589	88	18	energy	energy	NOUN
fbem-12589	88	19	"	"	PUNCT
fbem-12589	88	20	in	in	ADP
fbem-12589	88	21	the	the	DET
fbem-12589	88	22	new	new	ADJ
fbem-12589	88	23	era	era	NOUN
fbem-12589	88	24	and	and	CCONJ
fbem-12589	88	25	stage	stage	NOUN
fbem-12589	88	26	,	,	PUNCT
fbem-12589	88	27	the	the	DET
fbem-12589	88	28	digital	digital	ADJ
fbem-12589	88	29	transformation	transformation	NOUN
fbem-12589	88	30	of	of	ADP
fbem-12589	88	31	enterprises	enterprise	NOUN
fbem-12589	88	32	is	be	AUX
fbem-12589	88	33	not	not	PART
fbem-12589	88	34	simply	simply	ADV
fbem-12589	88	35	the	the	DET
fbem-12589	88	36	digitization	digitization	NOUN
fbem-12589	88	37	of	of	ADP
fbem-12589	88	38	enterprise	enterprise	NOUN
fbem-12589	88	39	data	datum	NOUN
fbem-12589	88	40	,	,	PUNCT
fbem-12589	88	41	but	but	CCONJ
fbem-12589	88	42	rather	rather	ADV
fbem-12589	88	43	the	the	DET
fbem-12589	88	44	use	use	NOUN
fbem-12589	88	45	of	of	ADP
fbem-12589	88	46	cutting	cut	VERB
fbem-12589	88	47	-	-	PUNCT
fbem-12589	88	48	edge	edge	NOUN
fbem-12589	88	49	digital	digital	ADJ
fbem-12589	88	50	technology	technology	NOUN
fbem-12589	88	51	and	and	CCONJ
fbem-12589	88	52	hardware	hardware	NOUN
fbem-12589	88	53	systems	system	NOUN
fbem-12589	88	54	to	to	PART
fbem-12589	88	55	promote	promote	VERB
fbem-12589	88	56	the	the	DET
fbem-12589	88	57	digitization	digitization	NOUN
fbem-12589	88	58	of	of	ADP
fbem-12589	88	59	enterprise	enterprise	NOUN
fbem-12589	88	60	production	production	NOUN
fbem-12589	88	61	materials	material	NOUN
fbem-12589	88	62	and	and	CCONJ
fbem-12589	88	63	processes	process	NOUN
fbem-12589	88	64	,	,	PUNCT
fbem-12589	88	65	thereby	thereby	ADV
fbem-12589	88	66	achieving	achieve	VERB
fbem-12589	88	67	the	the	DET
fbem-12589	88	68	important	important	ADJ
fbem-12589	88	69	goal	goal	NOUN
fbem-12589	88	70	of	of	ADP
fbem-12589	88	71	improving	improve	VERB
fbem-12589	88	72	quality	quality	NOUN
fbem-12589	88	73	and	and	CCONJ
fbem-12589	88	74	efficiency	efficiency	NOUN
fbem-12589	88	75	.	.	PUNCT
fbem-12589	89	1	in	in	ADP
fbem-12589	89	2	the	the	DET
fbem-12589	89	3	process	process	NOUN
fbem-12589	89	4	of	of	ADP
fbem-12589	89	5	enterprise	enterprise	NOUN
fbem-12589	89	6	digital	digital	ADJ
fbem-12589	89	7	transformation	transformation	NOUN
fbem-12589	89	8	,	,	PUNCT
fbem-12589	89	9	firstly	firstly	ADV
fbem-12589	89	10	,	,	PUNCT
fbem-12589	89	11	enterprises	enterprise	NOUN
fbem-12589	89	12	will	will	AUX
fbem-12589	89	13	focus	focus	VERB
fbem-12589	89	14	on	on	ADP
fbem-12589	89	15	relying	rely	VERB
fbem-12589	89	16	on	on	ADP
fbem-12589	89	17	"	"	PUNCT
fbem-12589	89	18	digital	digital	ADJ
fbem-12589	89	19	technology	technology	NOUN
fbem-12589	89	20	driven	drive	VERB
fbem-12589	89	21	"	"	PUNCT
fbem-12589	89	22	to	to	PART
fbem-12589	89	23	transform	transform	VERB
fbem-12589	89	24	and	and	CCONJ
fbem-12589	89	25	enhance	enhance	VERB
fbem-12589	89	26	the	the	DET
fbem-12589	89	27	digitalization	digitalization	NOUN
fbem-12589	89	28	level	level	NOUN
fbem-12589	89	29	of	of	ADP
fbem-12589	89	30	their	their	PRON
fbem-12589	89	31	existing	exist	VERB
fbem-12589	89	32	technology	technology	NOUN
fbem-12589	89	33	systems	system	NOUN
fbem-12589	89	34	and	and	CCONJ
fbem-12589	89	35	production	production	NOUN
fbem-12589	89	36	systems	system	NOUN
fbem-12589	89	37	.	.	PUNCT
fbem-12589	90	1	this	this	DET
fbem-12589	90	2	transformation	transformation	NOUN
fbem-12589	90	3	depends	depend	VERB
fbem-12589	90	4	on	on	ADP
fbem-12589	90	5	the	the	DET
fbem-12589	90	6	layout	layout	NOUN
fbem-12589	90	7	and	and	CCONJ
fbem-12589	90	8	development	development	NOUN
fbem-12589	90	9	of	of	ADP
fbem-12589	90	10	key	key	ADJ
fbem-12589	90	11	core	core	NOUN
fbem-12589	90	12	technologies	technology	NOUN
fbem-12589	90	13	.	.	PUNCT
fbem-12589	91	1	(	(	PUNCT
fbem-12589	91	2	wu	wu	PROPN
fbem-12589	91	3	fei	fei	PROPN
fbem-12589	91	4	,	,	PUNCT
fbem-12589	91	5	2021	2021	NUM
fbem-12589	91	6	)	)	PUNCT
fbem-12589	91	7	the	the	DET
fbem-12589	91	8	driving	drive	VERB
fbem-12589	91	9	force	force	NOUN
fbem-12589	91	10	of	of	ADP
fbem-12589	91	11	digitization	digitization	NOUN
fbem-12589	91	12	mainly	mainly	ADV
fbem-12589	91	13	considers	consider	VERB
fbem-12589	91	14	two	two	NUM
fbem-12589	91	15	aspects	aspect	NOUN
fbem-12589	91	16	,	,	PUNCT
fbem-12589	91	17	one	one	NUM
fbem-12589	91	18	is	be	AUX
fbem-12589	91	19	the	the	DET
fbem-12589	91	20	degree	degree	NOUN
fbem-12589	91	21	of	of	ADP
fbem-12589	91	22	digital	digital	ADJ
fbem-12589	91	23	division	division	NOUN
fbem-12589	91	24	of	of	ADP
fbem-12589	91	25	labor	labor	NOUN
fbem-12589	91	26	,	,	PUNCT
fbem-12589	91	27	and	and	CCONJ
fbem-12589	91	28	the	the	DET
fbem-12589	91	29	other	other	ADJ
fbem-12589	91	30	is	be	AUX
fbem-12589	91	31	the	the	DET
fbem-12589	91	32	intensity	intensity	NOUN
fbem-12589	91	33	of	of	ADP
fbem-12589	91	34	digital	digital	ADJ
fbem-12589	91	35	transformation	transformation	NOUN
fbem-12589	91	36	.	.	PUNCT
fbem-12589	92	1	detailed	detailed	ADJ
fbem-12589	92	2	digital	digital	ADJ
fbem-12589	92	3	division	division	NOUN
fbem-12589	92	4	of	of	ADP
fbem-12589	92	5	labor	labor	NOUN
fbem-12589	92	6	can	can	AUX
fbem-12589	92	7	make	make	VERB
fbem-12589	92	8	the	the	DET
fbem-12589	92	9	production	production	NOUN
fbem-12589	92	10	of	of	ADP
fbem-12589	92	11	enterprises	enterprise	NOUN
fbem-12589	92	12	more	more	ADV
fbem-12589	92	13	organized	organized	ADJ
fbem-12589	92	14	,	,	PUNCT
fbem-12589	92	15	facilitate	facilitate	VERB
fbem-12589	92	16	the	the	DET
fbem-12589	92	17	integration	integration	NOUN
fbem-12589	92	18	of	of	ADP
fbem-12589	92	19	existing	exist	VERB
fbem-12589	92	20	resources	resource	NOUN
fbem-12589	92	21	,	,	PUNCT
fbem-12589	92	22	and	and	CCONJ
fbem-12589	92	23	enable	enable	VERB
fbem-12589	92	24	enterprises	enterprise	NOUN
fbem-12589	92	25	to	to	PART
fbem-12589	92	26	maximize	maximize	VERB
fbem-12589	92	27	their	their	PRON
fbem-12589	92	28	own	own	ADJ
fbem-12589	92	29	advantages	advantage	NOUN
fbem-12589	92	30	.	.	PUNCT
fbem-12589	93	1	the	the	DET
fbem-12589	93	2	intensity	intensity	NOUN
fbem-12589	93	3	of	of	ADP
fbem-12589	93	4	digital	digital	ADJ
fbem-12589	93	5	transformation	transformation	NOUN
fbem-12589	93	6	measures	measure	VERB
fbem-12589	93	7	the	the	DET
fbem-12589	93	8	degree	degree	NOUN
fbem-12589	93	9	of	of	ADP
fbem-12589	93	10	enterprise	enterprise	NOUN
fbem-12589	93	11	transformation	transformation	NOUN
fbem-12589	93	12	,	,	PUNCT
fbem-12589	93	13	and	and	CCONJ
fbem-12589	93	14	the	the	DET
fbem-12589	93	15	198	198	NUM
fbem-12589	93	16	speed	speed	NOUN
fbem-12589	93	17	of	of	ADP
fbem-12589	93	18	transformation	transformation	NOUN
fbem-12589	93	19	varies	vary	VERB
fbem-12589	93	20	for	for	ADP
fbem-12589	93	21	each	each	DET
fbem-12589	93	22	enterprise	enterprise	NOUN
fbem-12589	93	23	.	.	PUNCT
fbem-12589	94	1	ultimately	ultimately	ADV
fbem-12589	94	2	,	,	PUNCT
fbem-12589	94	3	due	due	ADP
fbem-12589	94	4	to	to	ADP
fbem-12589	94	5	different	different	ADJ
fbem-12589	94	6	industries	industry	NOUN
fbem-12589	94	7	,	,	PUNCT
fbem-12589	94	8	market	market	NOUN
fbem-12589	94	9	sizes	size	NOUN
fbem-12589	94	10	,	,	PUNCT
fbem-12589	94	11	and	and	CCONJ
fbem-12589	94	12	business	business	NOUN
fbem-12589	94	13	environments	environment	NOUN
fbem-12589	94	14	,	,	PUNCT
fbem-12589	94	15	fast	fast	ADJ
fbem-12589	94	16	digital	digital	ADJ
fbem-12589	94	17	transformation	transformation	NOUN
fbem-12589	94	18	means	mean	VERB
fbem-12589	94	19	faster	fast	ADJ
fbem-12589	94	20	advancement	advancement	NOUN
fbem-12589	94	21	of	of	ADP
fbem-12589	94	22	automation	automation	NOUN
fbem-12589	94	23	and	and	CCONJ
fbem-12589	94	24	intelligence	intelligence	NOUN
fbem-12589	94	25	,	,	PUNCT
fbem-12589	94	26	which	which	PRON
fbem-12589	94	27	are	be	AUX
fbem-12589	94	28	closely	closely	ADV
fbem-12589	94	29	related	relate	VERB
fbem-12589	94	30	to	to	ADP
fbem-12589	94	31	enterprise	enterprise	NOUN
fbem-12589	94	32	production	production	NOUN
fbem-12589	94	33	.	.	PUNCT
fbem-12589	95	1	their	their	PRON
fbem-12589	95	2	advancement	advancement	NOUN
fbem-12589	95	3	can	can	AUX
fbem-12589	95	4	enable	enable	VERB
fbem-12589	95	5	enterprises	enterprise	NOUN
fbem-12589	95	6	to	to	PART
fbem-12589	95	7	have	have	VERB
fbem-12589	95	8	faster	fast	ADJ
fbem-12589	95	9	production	production	NOUN
fbem-12589	95	10	speed	speed	NOUN
fbem-12589	95	11	and	and	CCONJ
fbem-12589	95	12	quality	quality	NOUN
fbem-12589	95	13	.	.	PUNCT
fbem-12589	96	1	the	the	DET
fbem-12589	96	2	degree	degree	NOUN
fbem-12589	96	3	of	of	ADP
fbem-12589	96	4	digital	digital	ADJ
fbem-12589	96	5	division	division	NOUN
fbem-12589	96	6	of	of	ADP
fbem-12589	96	7	labor	labor	NOUN
fbem-12589	96	8	and	and	CCONJ
fbem-12589	96	9	the	the	DET
fbem-12589	96	10	intensity	intensity	NOUN
fbem-12589	96	11	of	of	ADP
fbem-12589	96	12	digital	digital	ADJ
fbem-12589	96	13	transformation	transformation	NOUN
fbem-12589	96	14	are	be	AUX
fbem-12589	96	15	two	two	NUM
fbem-12589	96	16	different	different	ADJ
fbem-12589	96	17	dimensions	dimension	NOUN
fbem-12589	96	18	.	.	PUNCT
fbem-12589	97	1	the	the	DET
fbem-12589	97	2	former	former	NOUN
fbem-12589	97	3	focuses	focus	VERB
fbem-12589	97	4	more	more	ADJ
fbem-12589	97	5	on	on	ADP
fbem-12589	97	6	resource	resource	NOUN
fbem-12589	97	7	allocation	allocation	NOUN
fbem-12589	97	8	of	of	ADP
fbem-12589	97	9	enterprises	enterprise	NOUN
fbem-12589	97	10	,	,	PUNCT
fbem-12589	97	11	while	while	SCONJ
fbem-12589	97	12	the	the	DET
fbem-12589	97	13	latter	latter	NOUN
fbem-12589	97	14	focuses	focus	VERB
fbem-12589	97	15	more	more	ADJ
fbem-12589	97	16	on	on	ADP
fbem-12589	97	17	production	production	NOUN
fbem-12589	97	18	efficiency	efficiency	NOUN
fbem-12589	97	19	of	of	ADP
fbem-12589	97	20	enterprises	enterprise	NOUN
fbem-12589	97	21	.	.	PUNCT
fbem-12589	98	1	at	at	ADP
fbem-12589	98	2	the	the	DET
fbem-12589	98	3	same	same	ADJ
fbem-12589	98	4	time	time	NOUN
fbem-12589	98	5	,	,	PUNCT
fbem-12589	98	6	considering	consider	VERB
fbem-12589	98	7	the	the	DET
fbem-12589	98	8	actual	actual	ADJ
fbem-12589	98	9	problems	problem	NOUN
fbem-12589	98	10	of	of	ADP
fbem-12589	98	11	enterprise	enterprise	NOUN
fbem-12589	98	12	production	production	NOUN
fbem-12589	98	13	and	and	CCONJ
fbem-12589	98	14	operation	operation	NOUN
fbem-12589	98	15	,	,	PUNCT
fbem-12589	98	16	this	this	DET
fbem-12589	98	17	article	article	NOUN
fbem-12589	98	18	cites	cite	VERB
fbem-12589	98	19	financial	financial	ADJ
fbem-12589	98	20	risk	risk	NOUN
fbem-12589	98	21	(	(	PUNCT
fbem-12589	98	22	a	a	DET
fbem-12589	98	23	comprehensive	comprehensive	ADJ
fbem-12589	98	24	indicator	indicator	NOUN
fbem-12589	98	25	that	that	PRON
fbem-12589	98	26	includes	include	VERB
fbem-12589	98	27	debt	debt	NOUN
fbem-12589	98	28	ratio	ratio	NOUN
fbem-12589	98	29	and	and	CCONJ
fbem-12589	98	30	exchange	exchange	NOUN
fbem-12589	98	31	rate	rate	NOUN
fbem-12589	98	32	)	)	PUNCT
fbem-12589	98	33	,	,	PUNCT
fbem-12589	98	34	profitability	profitability	NOUN
fbem-12589	98	35	(	(	PUNCT
fbem-12589	98	36	a	a	DET
fbem-12589	98	37	comprehensive	comprehensive	ADJ
fbem-12589	98	38	indicator	indicator	NOUN
fbem-12589	98	39	that	that	PRON
fbem-12589	98	40	includes	include	VERB
fbem-12589	98	41	return	return	NOUN
fbem-12589	98	42	on	on	ADP
fbem-12589	98	43	equity	equity	NOUN
fbem-12589	98	44	and	and	CCONJ
fbem-12589	98	45	return	return	VERB
fbem-12589	98	46	on	on	ADP
fbem-12589	98	47	equity	equity	NOUN
fbem-12589	98	48	)	)	PUNCT
fbem-12589	98	49	,	,	PUNCT
fbem-12589	98	50	and	and	CCONJ
fbem-12589	98	51	operational	operational	ADJ
fbem-12589	98	52	capacity	capacity	NOUN
fbem-12589	98	53	(	(	PUNCT
fbem-12589	98	54	a	a	DET
fbem-12589	98	55	comprehensive	comprehensive	ADJ
fbem-12589	98	56	indicator	indicator	NOUN
fbem-12589	98	57	that	that	PRON
fbem-12589	98	58	includes	include	VERB
fbem-12589	98	59	investment	investment	NOUN
fbem-12589	98	60	income	income	NOUN
fbem-12589	98	61	and	and	CCONJ
fbem-12589	98	62	asset	asset	NOUN
fbem-12589	98	63	turnover	turnover	NOUN
fbem-12589	98	64	)	)	PUNCT
fbem-12589	98	65	as	as	ADP
fbem-12589	98	66	explanatory	explanatory	ADJ
fbem-12589	98	67	variables	variable	NOUN
fbem-12589	98	68	for	for	ADP
fbem-12589	98	69	auxiliary	auxiliary	ADJ
fbem-12589	98	70	regression	regression	NOUN
fbem-12589	98	71	.	.	PUNCT
fbem-12589	99	1	financial	financial	ADJ
fbem-12589	99	2	risk	risk	NOUN
fbem-12589	99	3	is	be	AUX
fbem-12589	99	4	a	a	DET
fbem-12589	99	5	comprehensive	comprehensive	ADJ
fbem-12589	99	6	indicator	indicator	NOUN
fbem-12589	99	7	of	of	ADP
fbem-12589	99	8	a	a	DET
fbem-12589	99	9	company	company	NOUN
fbem-12589	99	10	's	's	PART
fbem-12589	99	11	debt	debt	NOUN
fbem-12589	99	12	ratio	ratio	NOUN
fbem-12589	99	13	,	,	PUNCT
fbem-12589	99	14	cash	cash	NOUN
fbem-12589	99	15	flow	flow	NOUN
fbem-12589	99	16	,	,	PUNCT
fbem-12589	99	17	exchange	exchange	NOUN
fbem-12589	99	18	rate	rate	NOUN
fbem-12589	99	19	,	,	PUNCT
fbem-12589	99	20	and	and	CCONJ
fbem-12589	99	21	other	other	ADJ
fbem-12589	99	22	issues	issue	NOUN
fbem-12589	99	23	;	;	PUNCT
fbem-12589	99	24	profitability	profitability	NOUN
fbem-12589	99	25	is	be	AUX
fbem-12589	99	26	an	an	DET
fbem-12589	99	27	indicator	indicator	NOUN
fbem-12589	99	28	that	that	PRON
fbem-12589	99	29	measures	measure	VERB
fbem-12589	99	30	the	the	DET
fbem-12589	99	31	profitability	profitability	NOUN
fbem-12589	99	32	of	of	ADP
fbem-12589	99	33	a	a	DET
fbem-12589	99	34	company	company	NOUN
fbem-12589	99	35	;	;	PUNCT
fbem-12589	99	36	operational	operational	ADJ
fbem-12589	99	37	capability	capability	NOUN
fbem-12589	99	38	is	be	AUX
fbem-12589	99	39	an	an	DET
fbem-12589	99	40	indicator	indicator	NOUN
fbem-12589	99	41	that	that	PRON
fbem-12589	99	42	measures	measure	VERB
fbem-12589	99	43	a	a	DET
fbem-12589	99	44	company	company	NOUN
fbem-12589	99	45	's	's	PART
fbem-12589	99	46	capital	capital	NOUN
fbem-12589	99	47	turnover	turnover	NOUN
fbem-12589	99	48	ability	ability	NOUN
fbem-12589	99	49	and	and	CCONJ
fbem-12589	99	50	business	business	NOUN
fbem-12589	99	51	scale	scale	NOUN
fbem-12589	99	52	expansion	expansion	NOUN
fbem-12589	99	53	ability	ability	NOUN
fbem-12589	99	54	.	.	PUNCT
fbem-12589	100	1	table	table	NOUN
fbem-12589	100	2	1	1	NUM
fbem-12589	100	3	.	.	PUNCT
fbem-12589	100	4	main	main	ADJ
fbem-12589	100	5	variables	variable	NOUN
fbem-12589	100	6	and	and	CCONJ
fbem-12589	100	7	their	their	PRON
fbem-12589	100	8	explanations	explanation	NOUN
fbem-12589	100	9	variable	variable	ADJ
fbem-12589	100	10	obs	obs	NOUN
fbem-12589	100	11	mean	mean	VERB
fbem-12589	100	12	std.dev	std.dev	NUM
fbem-12589	100	13	min	min	PROPN
fbem-12589	100	14	max	max	PROPN
fbem-12589	100	15	net	net	ADJ
fbem-12589	100	16	asset	asset	NOUN
fbem-12589	100	17	growth	growth	NOUN
fbem-12589	100	18	rate	rate	VERB
fbem-12589	100	19	5,400	5,400	NUM
fbem-12589	100	20	0.1958213	0.1958213	NUM
fbem-12589	100	21	0.2564885	0.2564885	NUM
fbem-12589	100	22	0.003624	0.003624	NUM
fbem-12589	100	23	11.95275	11.95275	NUM
fbem-12589	100	24	the	the	DET
fbem-12589	100	25	degree	degree	NOUN
fbem-12589	100	26	of	of	ADP
fbem-12589	100	27	digital	digital	ADJ
fbem-12589	100	28	division	division	NOUN
fbem-12589	100	29	of	of	ADP
fbem-12589	100	30	labor	labor	NOUN
fbem-12589	100	31	5,400	5,400	NUM
fbem-12589	100	32	4.367601	4.367601	NUM
fbem-12589	100	33	2.467269	2.467269	NUM
fbem-12589	100	34	0.035472	0.035472	NUM
fbem-12589	100	35	27.19146	27.19146	NUM
fbem-12589	100	36	the	the	DET
fbem-12589	100	37	intensity	intensity	NOUN
fbem-12589	100	38	of	of	ADP
fbem-12589	100	39	digital	digital	ADJ
fbem-12589	100	40	transformation	transformation	NOUN
fbem-12589	100	41	5,400	5,400	NUM
fbem-12589	100	42	0.6931372	0.6931372	NUM
fbem-12589	100	43	0.7447467	0.7447467	NUM
fbem-12589	100	44	0.002076	0.002076	NUM
fbem-12589	100	45	6.47864	6.47864	NUM
fbem-12589	100	46	financial	financial	ADJ
fbem-12589	100	47	risk	risk	NOUN
fbem-12589	100	48	5,400	5,400	NUM
fbem-12589	100	49	1.278999	1.278999	NUM
fbem-12589	100	50	0.9558746	0.9558746	NUM
fbem-12589	100	51	0.00228	0.00228	NUM
fbem-12589	100	52	4.91074	4.91074	NUM
fbem-12589	100	53	profitability	profitability	NOUN
fbem-12589	100	54	5,400	5,400	NUM
fbem-12589	100	55	3.892033	3.892033	NUM
fbem-12589	100	56	2.33055	2.33055	NUM
fbem-12589	100	57	0.000353	0.000353	NUM
fbem-12589	100	58	79.69371	79.69371	NUM
fbem-12589	100	59	operational	operational	ADJ
fbem-12589	100	60	capability	capability	NOUN
fbem-12589	100	61	5,400	5,400	NUM
fbem-12589	100	62	0.6806058	0.6806058	NUM
fbem-12589	100	63	0.7853632	0.7853632	NUM
fbem-12589	100	64	0.000702	0.000702	NUM
fbem-12589	100	65	34.83499	34.83499	NUM
fbem-12589	100	66	data	datum	NOUN
fbem-12589	100	67	source	source	NOUN
fbem-12589	100	68	:	:	PUNCT
fbem-12589	100	69	2016	2016	NUM
fbem-12589	100	70	-	-	SYM
fbem-12589	100	71	2020	2020	NUM
fbem-12589	100	72	finance	finance	NOUN
fbem-12589	100	73	of	of	ADP
fbem-12589	100	74	chinese	chinese	ADJ
fbem-12589	100	75	listed	list	VERB
fbem-12589	100	76	companies	company	NOUN
fbem-12589	100	77	this	this	DET
fbem-12589	100	78	article	article	NOUN
fbem-12589	100	79	uses	use	VERB
fbem-12589	100	80	data	datum	NOUN
fbem-12589	100	81	from	from	ADP
fbem-12589	100	82	listed	list	VERB
fbem-12589	100	83	companies	company	NOUN
fbem-12589	100	84	in	in	ADP
fbem-12589	100	85	the	the	DET
fbem-12589	100	86	chinese	chinese	ADJ
fbem-12589	100	87	securities	security	NOUN
fbem-12589	100	88	market	market	NOUN
fbem-12589	100	89	from	from	ADP
fbem-12589	100	90	2016	2016	NUM
fbem-12589	100	91	to	to	ADP
fbem-12589	100	92	2020	2020	NUM
fbem-12589	100	93	(	(	PUNCT
fbem-12589	100	94	excluding	exclude	VERB
fbem-12589	100	95	some	some	DET
fbem-12589	100	96	companies	company	NOUN
fbem-12589	100	97	whose	whose	DET
fbem-12589	100	98	main	main	ADJ
fbem-12589	100	99	business	business	NOUN
fbem-12589	100	100	is	be	AUX
fbem-12589	100	101	agriculture	agriculture	NOUN
fbem-12589	100	102	)	)	PUNCT
fbem-12589	100	103	to	to	PART
fbem-12589	100	104	organize	organize	VERB
fbem-12589	100	105	comprehensive	comprehensive	ADJ
fbem-12589	100	106	analysis	analysis	NOUN
fbem-12589	100	107	indicators	indicator	NOUN
fbem-12589	100	108	such	such	ADJ
fbem-12589	100	109	as	as	ADP
fbem-12589	100	110	net	net	ADJ
fbem-12589	100	111	asset	asset	NOUN
fbem-12589	100	112	growth	growth	NOUN
fbem-12589	100	113	rate	rate	NOUN
fbem-12589	100	114	,	,	PUNCT
fbem-12589	100	115	degree	degree	NOUN
fbem-12589	100	116	of	of	ADP
fbem-12589	100	117	digital	digital	ADJ
fbem-12589	100	118	division	division	NOUN
fbem-12589	100	119	of	of	ADP
fbem-12589	100	120	labor	labor	NOUN
fbem-12589	100	121	,	,	PUNCT
fbem-12589	100	122	intensity	intensity	NOUN
fbem-12589	100	123	of	of	ADP
fbem-12589	100	124	digital	digital	ADJ
fbem-12589	100	125	transformation	transformation	NOUN
fbem-12589	100	126	,	,	PUNCT
fbem-12589	100	127	financial	financial	ADJ
fbem-12589	100	128	risk	risk	NOUN
fbem-12589	100	129	,	,	PUNCT
fbem-12589	100	130	profitability	profitability	NOUN
fbem-12589	100	131	,	,	PUNCT
fbem-12589	100	132	and	and	CCONJ
fbem-12589	100	133	operational	operational	ADJ
fbem-12589	100	134	ability	ability	NOUN
fbem-12589	100	135	.	.	PUNCT
fbem-12589	101	1	the	the	DET
fbem-12589	101	2	net	net	ADJ
fbem-12589	101	3	asset	asset	NOUN
fbem-12589	101	4	growth	growth	NOUN
fbem-12589	101	5	rate	rate	NOUN
fbem-12589	101	6	of	of	ADP
fbem-12589	101	7	the	the	DET
fbem-12589	101	8	enterprise	enterprise	NOUN
fbem-12589	101	9	is	be	AUX
fbem-12589	101	10	used	use	VERB
fbem-12589	101	11	as	as	ADP
fbem-12589	101	12	the	the	DET
fbem-12589	101	13	explanatory	explanatory	ADJ
fbem-12589	101	14	variable	variable	NOUN
fbem-12589	101	15	,	,	PUNCT
fbem-12589	101	16	and	and	CCONJ
fbem-12589	101	17	other	other	ADJ
fbem-12589	101	18	variables	variable	NOUN
fbem-12589	101	19	are	be	AUX
fbem-12589	101	20	used	use	VERB
fbem-12589	101	21	as	as	ADP
fbem-12589	101	22	the	the	DET
fbem-12589	101	23	explanatory	explanatory	ADJ
fbem-12589	101	24	variables	variable	NOUN
fbem-12589	101	25	in	in	ADP
fbem-12589	101	26	the	the	DET
fbem-12589	101	27	quantitative	quantitative	ADJ
fbem-12589	101	28	elastic	elastic	ADJ
fbem-12589	101	29	regression	regression	NOUN
fbem-12589	101	30	model	model	NOUN
fbem-12589	101	31	,	,	PUNCT
fbem-12589	101	32	mainly	mainly	ADV
fbem-12589	101	33	observe	observe	VERB
fbem-12589	101	34	whether	whether	SCONJ
fbem-12589	101	35	the	the	DET
fbem-12589	101	36	degree	degree	NOUN
fbem-12589	101	37	of	of	ADP
fbem-12589	101	38	digital	digital	ADJ
fbem-12589	101	39	division	division	NOUN
fbem-12589	101	40	of	of	ADP
fbem-12589	101	41	labor	labor	NOUN
fbem-12589	101	42	and	and	CCONJ
fbem-12589	101	43	the	the	DET
fbem-12589	101	44	intensity	intensity	NOUN
fbem-12589	101	45	of	of	ADP
fbem-12589	101	46	digital	digital	ADJ
fbem-12589	101	47	transformation	transformation	NOUN
fbem-12589	101	48	have	have	VERB
fbem-12589	101	49	a	a	DET
fbem-12589	101	50	significant	significant	ADJ
fbem-12589	101	51	impact	impact	NOUN
fbem-12589	101	52	on	on	ADP
fbem-12589	101	53	the	the	DET
fbem-12589	101	54	net	net	ADJ
fbem-12589	101	55	asset	asset	NOUN
fbem-12589	101	56	growth	growth	NOUN
fbem-12589	101	57	rate	rate	NOUN
fbem-12589	101	58	.	.	PUNCT
fbem-12589	102	1	3.2	3.2	NUM
fbem-12589	102	2	.	.	PUNCT
fbem-12589	102	3	model	model	NOUN
fbem-12589	102	4	construction	construction	NOUN
fbem-12589	102	5	:	:	PUNCT
fbem-12589	102	6	grona	grona	PROPN
fbem-12589	102	7	a	a	DET
fbem-12589	102	8	∗	∗	X
fbem-12589	102	9	dod	dod	PROPN
fbem-12589	102	10	∗	∗	X
fbem-12589	102	11	ti	ti	NOUN
fbem-12589	102	12	∗	∗	NOUN
fbem-12589	102	13	fr	fr	PROPN
fbem-12589	102	14	∗	∗	PROPN
fbem-12589	102	15	aoe	aoe	PROPN
fbem-12589	102	16	∗	∗	PROPN
fbem-12589	102	17	aoo	aoo	PROPN
fbem-12589	102	18	ε	ε	PROPN
fbem-12589	102	19	(	(	PUNCT
fbem-12589	102	20	1	1	X
fbem-12589	102	21	)	)	PUNCT
fbem-12589	102	22	grona	grona	PROPN
fbem-12589	102	23	is	be	AUX
fbem-12589	102	24	the	the	DET
fbem-12589	102	25	net	net	ADJ
fbem-12589	102	26	asset	asset	NOUN
fbem-12589	102	27	growth	growth	NOUN
fbem-12589	102	28	rate	rate	NOUN
fbem-12589	102	29	,	,	PUNCT
fbem-12589	102	30	a	a	PRON
fbem-12589	102	31	is	be	AUX
fbem-12589	102	32	the	the	DET
fbem-12589	102	33	adjustment	adjustment	NOUN
fbem-12589	102	34	coefficient	coefficient	NOUN
fbem-12589	102	35	,	,	PUNCT
fbem-12589	102	36	dod	dod	PROPN
fbem-12589	102	37	is	be	AUX
fbem-12589	102	38	the	the	DET
fbem-12589	102	39	degree	degree	NOUN
fbem-12589	102	40	of	of	ADP
fbem-12589	102	41	digital	digital	ADJ
fbem-12589	102	42	division	division	NOUN
fbem-12589	102	43	of	of	ADP
fbem-12589	102	44	labor	labor	NOUN
fbem-12589	102	45	,	,	PUNCT
fbem-12589	102	46	ti	ti	PROPN
fbem-12589	102	47	is	be	AUX
fbem-12589	102	48	the	the	DET
fbem-12589	102	49	intensity	intensity	NOUN
fbem-12589	102	50	of	of	ADP
fbem-12589	102	51	digital	digital	ADJ
fbem-12589	102	52	transformation	transformation	NOUN
fbem-12589	102	53	,	,	PUNCT
fbem-12589	102	54	fr	fr	PROPN
fbem-12589	102	55	is	be	AUX
fbem-12589	102	56	financial	financial	ADJ
fbem-12589	102	57	risk	risk	NOUN
fbem-12589	102	58	,	,	PUNCT
fbem-12589	102	59	aoe	aoe	PROPN
fbem-12589	102	60	is	be	AUX
fbem-12589	102	61	profitability	profitability	NOUN
fbem-12589	102	62	,	,	PUNCT
fbem-12589	102	63	and	and	CCONJ
fbem-12589	102	64	aoo	aoo	PROPN
fbem-12589	102	65	is	be	AUX
fbem-12589	102	66	operational	operational	ADJ
fbem-12589	102	67	capability	capability	NOUN
fbem-12589	102	68	.	.	PUNCT
fbem-12589	103	1	explanation	explanation	NOUN
fbem-12589	103	2	:	:	PUNCT
fbem-12589	103	3	the	the	DET
fbem-12589	103	4	fr	fr	PROPN
fbem-12589	103	5	coefficient	coefficient	NOUN
fbem-12589	103	6	is	be	AUX
fbem-12589	103	7	the	the	DET
fbem-12589	103	8	company	company	NOUN
fbem-12589	103	9	's	's	PART
fbem-12589	103	10	asset	asset	NOUN
fbem-12589	103	11	liability	liability	NOUN
fbem-12589	103	12	ratio	ratio	NOUN
fbem-12589	103	13	multiplied	multiply	VERB
fbem-12589	103	14	by	by	ADP
fbem-12589	103	15	the	the	DET
fbem-12589	103	16	annual	annual	ADJ
fbem-12589	103	17	average	average	ADJ
fbem-12589	103	18	exchange	exchange	NOUN
fbem-12589	103	19	rate	rate	NOUN
fbem-12589	103	20	at	at	ADP
fbem-12589	103	21	that	that	DET
fbem-12589	103	22	time	time	NOUN
fbem-12589	103	23	,	,	PUNCT
fbem-12589	103	24	the	the	DET
fbem-12589	103	25	aoe	aoe	PROPN
fbem-12589	103	26	coefficient	coefficient	NOUN
fbem-12589	103	27	is	be	AUX
fbem-12589	103	28	the	the	DET
fbem-12589	103	29	return	return	NOUN
fbem-12589	103	30	on	on	ADP
fbem-12589	103	31	net	net	ADJ
fbem-12589	103	32	assets	asset	NOUN
fbem-12589	103	33	multiplied	multiply	VERB
fbem-12589	103	34	by	by	ADP
fbem-12589	103	35	the	the	DET
fbem-12589	103	36	return	return	NOUN
fbem-12589	103	37	on	on	ADP
fbem-12589	103	38	net	net	ADJ
fbem-12589	103	39	assets/100	assets/100	NOUN
fbem-12589	103	40	,	,	PUNCT
fbem-12589	103	41	and	and	CCONJ
fbem-12589	103	42	the	the	DET
fbem-12589	103	43	aoo	aoo	PROPN
fbem-12589	103	44	coefficient	coefficient	NOUN
fbem-12589	103	45	is	be	AUX
fbem-12589	103	46	the	the	DET
fbem-12589	103	47	investment	investment	NOUN
fbem-12589	103	48	return	return	NOUN
fbem-12589	103	49	multiplied	multiply	VERB
fbem-12589	103	50	by	by	ADP
fbem-12589	103	51	the	the	DET
fbem-12589	103	52	asset	asset	NOUN
fbem-12589	103	53	turnover	turnover	NOUN
fbem-12589	103	54	rate/100	rate/100	NOUN
fbem-12589	103	55	.	.	PUNCT
fbem-12589	104	1	establishing	establish	VERB
fbem-12589	104	2	a	a	DET
fbem-12589	104	3	conjecture	conjecture	NOUN
fbem-12589	104	4	:	:	PUNCT
fbem-12589	104	5	the	the	DET
fbem-12589	104	6	growth	growth	NOUN
fbem-12589	104	7	rate	rate	NOUN
fbem-12589	104	8	of	of	ADP
fbem-12589	104	9	a	a	DET
fbem-12589	104	10	company	company	NOUN
fbem-12589	104	11	's	's	PART
fbem-12589	104	12	net	net	ADJ
fbem-12589	104	13	assets	asset	NOUN
fbem-12589	104	14	is	be	AUX
fbem-12589	104	15	related	relate	VERB
fbem-12589	104	16	to	to	ADP
fbem-12589	104	17	the	the	DET
fbem-12589	104	18	degree	degree	NOUN
fbem-12589	104	19	of	of	ADP
fbem-12589	104	20	digital	digital	ADJ
fbem-12589	104	21	division	division	NOUN
fbem-12589	104	22	of	of	ADP
fbem-12589	104	23	labor	labor	NOUN
fbem-12589	104	24	,	,	PUNCT
fbem-12589	104	25	the	the	DET
fbem-12589	104	26	intensity	intensity	NOUN
fbem-12589	104	27	of	of	ADP
fbem-12589	104	28	digital	digital	ADJ
fbem-12589	104	29	transformation	transformation	NOUN
fbem-12589	104	30	,	,	PUNCT
fbem-12589	104	31	financial	financial	ADJ
fbem-12589	104	32	risk	risk	NOUN
fbem-12589	104	33	,	,	PUNCT
fbem-12589	104	34	profitability	profitability	NOUN
fbem-12589	104	35	,	,	PUNCT
fbem-12589	104	36	and	and	CCONJ
fbem-12589	104	37	operational	operational	ADJ
fbem-12589	104	38	ability	ability	NOUN
fbem-12589	104	39	of	of	ADP
fbem-12589	104	40	the	the	DET
fbem-12589	104	41	enterprise	enterprise	NOUN
fbem-12589	104	42	.	.	PUNCT
fbem-12589	105	1	establish	establish	VERB
fbem-12589	105	2	an	an	DET
fbem-12589	105	3	elastic	elastic	ADJ
fbem-12589	105	4	model	model	NOUN
fbem-12589	105	5	:	:	PUNCT
fbem-12589	105	6	1.the	1.the	DET
fbem-12589	105	7	net	net	ADJ
fbem-12589	105	8	asset	asset	NOUN
fbem-12589	105	9	growth	growth	NOUN
fbem-12589	105	10	rate	rate	NOUN
fbem-12589	105	11	of	of	ADP
fbem-12589	105	12	a	a	DET
fbem-12589	105	13	company	company	NOUN
fbem-12589	105	14	is	be	AUX
fbem-12589	105	15	related	relate	VERB
fbem-12589	105	16	to	to	ADP
fbem-12589	105	17	the	the	DET
fbem-12589	105	18	degree	degree	NOUN
fbem-12589	105	19	of	of	ADP
fbem-12589	105	20	digital	digital	ADJ
fbem-12589	105	21	division	division	NOUN
fbem-12589	105	22	of	of	ADP
fbem-12589	105	23	labor	labor	NOUN
fbem-12589	105	24	,	,	PUNCT
fbem-12589	105	25	intensity	intensity	NOUN
fbem-12589	105	26	of	of	ADP
fbem-12589	105	27	digital	digital	ADJ
fbem-12589	105	28	transformation	transformation	NOUN
fbem-12589	105	29	,	,	PUNCT
fbem-12589	105	30	financial	financial	ADJ
fbem-12589	105	31	risk	risk	NOUN
fbem-12589	105	32	,	,	PUNCT
fbem-12589	105	33	profitability	profitability	NOUN
fbem-12589	105	34	,	,	PUNCT
fbem-12589	105	35	and	and	CCONJ
fbem-12589	105	36	operational	operational	ADJ
fbem-12589	105	37	ability	ability	NOUN
fbem-12589	105	38	of	of	ADP
fbem-12589	105	39	the	the	DET
fbem-12589	105	40	enterprise	enterprise	NOUN
fbem-12589	105	41	,	,	PUNCT
fbem-12589	105	42	and	and	CCONJ
fbem-12589	105	43	an	an	DET
fbem-12589	105	44	elastic	elastic	ADJ
fbem-12589	105	45	model	model	NOUN
fbem-12589	105	46	is	be	AUX
fbem-12589	105	47	established	establish	VERB
fbem-12589	105	48	𝑙𝑛	𝑙𝑛	X
fbem-12589	105	49	𝜕	𝜕	PROPN
fbem-12589	105	50	𝜕	𝜕	PROPN
fbem-12589	105	51	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	105	52	𝜕	𝜕	PROPN
fbem-12589	105	53	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	105	54	𝜕	𝜕	PROPN
fbem-12589	105	55	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	105	56	𝜕	𝜕	PROPN
fbem-12589	105	57	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	105	58	𝜕	𝜕	PROPN
fbem-12589	105	59	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	105	60	𝜀	𝜀	X
fbem-12589	105	61	(	(	PUNCT
fbem-12589	105	62	2	2	NUM
fbem-12589	105	63	)	)	PUNCT
fbem-12589	105	64	2.the	2.the	DET
fbem-12589	105	65	net	net	ADJ
fbem-12589	105	66	asset	asset	NOUN
fbem-12589	105	67	growth	growth	NOUN
fbem-12589	105	68	rate	rate	NOUN
fbem-12589	105	69	of	of	ADP
fbem-12589	105	70	a	a	DET
fbem-12589	105	71	company	company	NOUN
fbem-12589	105	72	is	be	AUX
fbem-12589	105	73	related	relate	VERB
fbem-12589	105	74	to	to	ADP
fbem-12589	105	75	its	its	PRON
fbem-12589	105	76	degree	degree	NOUN
fbem-12589	105	77	of	of	ADP
fbem-12589	105	78	digital	digital	ADJ
fbem-12589	105	79	division	division	NOUN
fbem-12589	105	80	of	of	ADP
fbem-12589	105	81	labor	labor	NOUN
fbem-12589	105	82	,	,	PUNCT
fbem-12589	105	83	intensity	intensity	NOUN
fbem-12589	105	84	of	of	ADP
fbem-12589	105	85	digital	digital	ADJ
fbem-12589	105	86	transformation	transformation	NOUN
fbem-12589	105	87	,	,	PUNCT
fbem-12589	105	88	financial	financial	ADJ
fbem-12589	105	89	risk	risk	NOUN
fbem-12589	105	90	,	,	PUNCT
fbem-12589	105	91	profitability	profitability	NOUN
fbem-12589	105	92	,	,	PUNCT
fbem-12589	105	93	and	and	CCONJ
fbem-12589	105	94	operational	operational	ADJ
fbem-12589	105	95	ability	ability	NOUN
fbem-12589	105	96	.	.	PUNCT
fbem-12589	106	1	moreover	moreover	ADV
fbem-12589	106	2	,	,	PUNCT
fbem-12589	106	3	with	with	ADP
fbem-12589	106	4	the	the	DET
fbem-12589	106	5	deepening	deepening	NOUN
fbem-12589	106	6	of	of	ADP
fbem-12589	106	7	government	government	NOUN
fbem-12589	106	8	guidance	guidance	NOUN
fbem-12589	106	9	on	on	ADP
fbem-12589	106	10	digital	digital	ADJ
fbem-12589	106	11	reform	reform	NOUN
fbem-12589	106	12	,	,	PUNCT
fbem-12589	106	13	the	the	DET
fbem-12589	106	14	company	company	NOUN
fbem-12589	106	15	receives	receive	VERB
fbem-12589	106	16	more	more	ADJ
fbem-12589	106	17	and	and	CCONJ
fbem-12589	106	18	more	more	ADJ
fbem-12589	106	19	policy	policy	NOUN
fbem-12589	106	20	dividends	dividend	NOUN
fbem-12589	106	21	every	every	DET
fbem-12589	106	22	year	year	NOUN
fbem-12589	106	23	,	,	PUNCT
fbem-12589	106	24	enabling	enable	VERB
fbem-12589	106	25	it	it	PRON
fbem-12589	106	26	to	to	PART
fbem-12589	106	27	achieve	achieve	VERB
fbem-12589	106	28	faster	fast	ADV
fbem-12589	106	29	and	and	CCONJ
fbem-12589	106	30	more	more	ADV
fbem-12589	106	31	rapid	rapid	ADJ
fbem-12589	106	32	development	development	NOUN
fbem-12589	106	33	.	.	PUNCT
fbem-12589	107	1	establish	establish	VERB
fbem-12589	107	2	an	an	DET
fbem-12589	107	3	annualized	annualize	VERB
fbem-12589	107	4	effect	effect	NOUN
fbem-12589	107	5	model	model	NOUN
fbem-12589	107	6	:	:	PUNCT
fbem-12589	107	7	𝑙𝑛	𝑙𝑛	PROPN
fbem-12589	107	8	𝜕	𝜕	PROPN
fbem-12589	107	9	𝜕	𝜕	PROPN
fbem-12589	107	10	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	107	11	𝜕	𝜕	PROPN
fbem-12589	107	12	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	107	13	𝜕	𝜕	PROPN
fbem-12589	107	14	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	107	15	𝜕	𝜕	PROPN
fbem-12589	107	16	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	107	17	𝜕	𝜕	PROPN
fbem-12589	107	18	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	107	19	𝑖	𝑖	SYM
fbem-12589	107	20	∗	∗	PROPN
fbem-12589	107	21	𝑌𝐸𝐴𝑅	𝑌𝐸𝐴𝑅	PROPN
fbem-12589	107	22	𝜀	𝜀	PROPN
fbem-12589	107	23	(	(	PUNCT
fbem-12589	107	24	3	3	NUM
fbem-12589	107	25	)	)	PUNCT
fbem-12589	107	26	4	4	NUM
fbem-12589	107	27	.	.	PUNCT
fbem-12589	107	28	analysis	analysis	NOUN
fbem-12589	107	29	and	and	CCONJ
fbem-12589	107	30	testing	testing	NOUN
fbem-12589	107	31	of	of	ADP
fbem-12589	107	32	empirical	empirical	ADJ
fbem-12589	107	33	results	result	NOUN
fbem-12589	107	34	4.1	4.1	NUM
fbem-12589	107	35	.	.	PUNCT
fbem-12589	108	1	benchmark	benchmark	NOUN
fbem-12589	108	2	regression	regression	NOUN
fbem-12589	108	3	table	table	NOUN
fbem-12589	108	4	2	2	NUM
fbem-12589	108	5	.	.	PUNCT
fbem-12589	108	6	benchmark	benchmark	ADJ
fbem-12589	108	7	regression	regression	NOUN
fbem-12589	108	8	without	without	ADP
fbem-12589	108	9	annualization	annualization	NOUN
fbem-12589	108	10	effect	effect	PROPN
fbem-12589	108	11	loggrona	loggrona	PROPN
fbem-12589	108	12	coef	coef	PROPN
fbem-12589	108	13	.	.	PUNCT
fbem-12589	109	1	std	std	NOUN
fbem-12589	109	2	.	.	PUNCT
fbem-12589	110	1	err	err	NOUN
fbem-12589	110	2	.	.	PUNCT
fbem-12589	111	1	t	t	PROPN
fbem-12589	111	2	p>|t|	p>|t|	PROPN
fbem-12589	111	3	logdod	logdod	VERB
fbem-12589	111	4	0.1633119	0.1633119	NUM
fbem-12589	111	5	0.021798	0.021798	NUM
fbem-12589	111	6	7.49	7.49	NUM
fbem-12589	111	7	0.000	0.000	NUM
fbem-12589	111	8	*	*	PUNCT
fbem-12589	111	9	*	*	PUNCT
fbem-12589	111	10	*	*	PUNCT
fbem-12589	111	11	logti	logti	VERB
fbem-12589	111	12	0.0977014	0.0977014	NUM
fbem-12589	111	13	0.0075552	0.0075552	NUM
fbem-12589	111	14	12.93	12.93	NUM
fbem-12589	111	15	0.000	0.000	NUM
fbem-12589	111	16	*	*	PUNCT
fbem-12589	111	17	*	*	PUNCT
fbem-12589	111	18	*	*	PUNCT
fbem-12589	111	19	logfr	logfr	VERB
fbem-12589	111	20	0.0753016	0.0753016	NUM
fbem-12589	111	21	0.0094153	0.0094153	NUM
fbem-12589	111	22	8.00	8.00	NUM
fbem-12589	111	23	0.000	0.000	NUM
fbem-12589	111	24	*	*	PUNCT
fbem-12589	111	25	*	*	PUNCT
fbem-12589	111	26	*	*	PUNCT
fbem-12589	111	27	logaoe	logaoe	PROPN
fbem-12589	111	28	0.4982801	0.4982801	NUM
fbem-12589	111	29	0.02454	0.02454	NUM
fbem-12589	111	30	20.3	20.3	NUM
fbem-12589	111	31	0.000	0.000	NUM
fbem-12589	111	32	*	*	PUNCT
fbem-12589	111	33	*	*	PUNCT
fbem-12589	111	34	*	*	PUNCT
fbem-12589	111	35	logaoo	logaoo	NOUN
fbem-12589	111	36	0.1020473	0.1020473	NUM
fbem-12589	111	37	0.0165305	0.0165305	NUM
fbem-12589	111	38	6.17	6.17	NUM
fbem-12589	111	39	0.000	0.000	NUM
fbem-12589	111	40	*	*	PUNCT
fbem-12589	111	41	*	*	PUNCT
fbem-12589	111	42	*	*	PUNCT
fbem-12589	111	43	cons	con	NOUN
fbem-12589	111	44	-2.495622	-2.495622	NOUN
fbem-12589	111	45	0	0	NUM
fbem-12589	111	46	.	.	NOUN
fbem-12589	111	47	0368638	0368638	NUM
fbem-12589	111	48	-67.7	-67.7	CCONJ
fbem-12589	112	1	0.000	0.000	NUM
fbem-12589	112	2	*	*	PUNCT
fbem-12589	112	3	*	*	PUNCT
fbem-12589	112	4	*	*	PUNCT
fbem-12589	112	5	r	r	X
fbem-12589	112	6	-	-	PUNCT
fbem-12589	112	7	sq	sq	ADJ
fbem-12589	112	8	0.8846	0.8846	NUM
fbem-12589	112	9	note	note	NOUN
fbem-12589	112	10	:	:	PUNCT
fbem-12589	112	11	*	*	PUNCT
fbem-12589	112	12	*	*	PUNCT
fbem-12589	112	13	*	*	PUNCT
fbem-12589	112	14	,	,	PUNCT
fbem-12589	112	15	*	*	PUNCT
fbem-12589	112	16	*	*	PUNCT
fbem-12589	112	17	,	,	PUNCT
fbem-12589	112	18	and	and	CCONJ
fbem-12589	112	19	*	*	AUX
fbem-12589	112	20	represent	represent	VERB
fbem-12589	112	21	passing	pass	VERB
fbem-12589	112	22	the	the	DET
fbem-12589	112	23	test	test	NOUN
fbem-12589	112	24	at	at	ADP
fbem-12589	112	25	the	the	DET
fbem-12589	112	26	significance	significance	NOUN
fbem-12589	112	27	levels	level	NOUN
fbem-12589	112	28	of	of	ADP
fbem-12589	112	29	1	1	NUM
fbem-12589	112	30	%	%	NOUN
fbem-12589	112	31	,	,	PUNCT
fbem-12589	112	32	5	5	NUM
fbem-12589	112	33	%	%	NOUN
fbem-12589	112	34	,	,	PUNCT
fbem-12589	112	35	and	and	CCONJ
fbem-12589	112	36	10	10	NUM
fbem-12589	112	37	%	%	NOUN
fbem-12589	112	38	respectively	respectively	ADV
fbem-12589	112	39	.	.	PUNCT
fbem-12589	113	1	from	from	ADP
fbem-12589	113	2	table	table	NOUN
fbem-12589	113	3	2	2	NUM
fbem-12589	113	4	,	,	PUNCT
fbem-12589	113	5	we	we	PRON
fbem-12589	113	6	can	can	AUX
fbem-12589	113	7	see	see	VERB
fbem-12589	113	8	that	that	SCONJ
fbem-12589	113	9	the	the	DET
fbem-12589	113	10	degree	degree	NOUN
fbem-12589	113	11	of	of	ADP
fbem-12589	113	12	digital	digital	ADJ
fbem-12589	113	13	division	division	NOUN
fbem-12589	113	14	of	of	ADP
fbem-12589	113	15	labor	labor	NOUN
fbem-12589	113	16	,	,	PUNCT
fbem-12589	113	17	the	the	DET
fbem-12589	113	18	intensity	intensity	NOUN
fbem-12589	113	19	of	of	ADP
fbem-12589	113	20	digital	digital	ADJ
fbem-12589	113	21	transformation	transformation	NOUN
fbem-12589	113	22	,	,	PUNCT
fbem-12589	113	23	financial	financial	ADJ
fbem-12589	113	24	risk	risk	NOUN
fbem-12589	113	25	,	,	PUNCT
fbem-12589	113	26	199	199	NUM
fbem-12589	113	27	profitability	profitability	NOUN
fbem-12589	113	28	,	,	PUNCT
fbem-12589	113	29	and	and	CCONJ
fbem-12589	113	30	operational	operational	ADJ
fbem-12589	113	31	capability	capability	NOUN
fbem-12589	113	32	have	have	VERB
fbem-12589	113	33	significant	significant	ADJ
fbem-12589	113	34	explanatory	explanatory	ADJ
fbem-12589	113	35	effects	effect	NOUN
fbem-12589	113	36	on	on	ADP
fbem-12589	113	37	the	the	DET
fbem-12589	113	38	dependent	dependent	ADJ
fbem-12589	113	39	variables	variable	NOUN
fbem-12589	113	40	.	.	PUNCT
fbem-12589	114	1	the	the	DET
fbem-12589	114	2	goodness	goodness	NOUN
fbem-12589	114	3	of	of	ADP
fbem-12589	114	4	fit	fit	NOUN
fbem-12589	114	5	of	of	ADP
fbem-12589	114	6	the	the	DET
fbem-12589	114	7	overall	overall	ADJ
fbem-12589	114	8	model	model	NOUN
fbem-12589	114	9	is	be	AUX
fbem-12589	114	10	0.88	0.88	NUM
fbem-12589	114	11	.	.	PUNCT
fbem-12589	115	1	when	when	SCONJ
fbem-12589	115	2	the	the	DET
fbem-12589	115	3	degree	degree	NOUN
fbem-12589	115	4	of	of	ADP
fbem-12589	115	5	digital	digital	ADJ
fbem-12589	115	6	division	division	NOUN
fbem-12589	115	7	of	of	ADP
fbem-12589	115	8	labor	labor	NOUN
fbem-12589	115	9	is	be	AUX
fbem-12589	115	10	used	use	VERB
fbem-12589	115	11	as	as	ADP
fbem-12589	115	12	the	the	DET
fbem-12589	115	13	explanatory	explanatory	ADJ
fbem-12589	115	14	variable	variable	NOUN
fbem-12589	115	15	,	,	PUNCT
fbem-12589	115	16	the	the	DET
fbem-12589	115	17	elasticity	elasticity	NOUN
fbem-12589	115	18	is	be	AUX
fbem-12589	115	19	0.16	0.16	NUM
fbem-12589	115	20	,	,	PUNCT
fbem-12589	115	21	and	and	CCONJ
fbem-12589	115	22	the	the	DET
fbem-12589	115	23	p	p	ADJ
fbem-12589	115	24	-	-	PUNCT
fbem-12589	115	25	value	value	NOUN
fbem-12589	115	26	test	test	NOUN
fbem-12589	115	27	is	be	AUX
fbem-12589	115	28	qualified	qualified	ADJ
fbem-12589	115	29	.	.	PUNCT
fbem-12589	116	1	in	in	ADP
fbem-12589	116	2	the	the	DET
fbem-12589	116	3	digitalization	digitalization	NOUN
fbem-12589	116	4	process	process	NOUN
fbem-12589	116	5	of	of	ADP
fbem-12589	116	6	enterprises	enterprise	NOUN
fbem-12589	116	7	,	,	PUNCT
fbem-12589	116	8	when	when	SCONJ
fbem-12589	116	9	the	the	DET
fbem-12589	116	10	division	division	NOUN
fbem-12589	116	11	of	of	ADP
fbem-12589	116	12	labor	labor	NOUN
fbem-12589	116	13	is	be	AUX
fbem-12589	116	14	clearer	clear	ADJ
fbem-12589	116	15	,	,	PUNCT
fbem-12589	116	16	production	production	NOUN
fbem-12589	116	17	resources	resource	NOUN
fbem-12589	116	18	are	be	AUX
fbem-12589	116	19	indeed	indeed	ADV
fbem-12589	116	20	more	more	ADV
fbem-12589	116	21	reasonably	reasonably	ADV
fbem-12589	116	22	allocated	allocate	VERB
fbem-12589	116	23	,	,	PUNCT
fbem-12589	116	24	thereby	thereby	ADV
fbem-12589	116	25	promoting	promote	VERB
fbem-12589	116	26	the	the	DET
fbem-12589	116	27	production	production	NOUN
fbem-12589	116	28	of	of	ADP
fbem-12589	116	29	the	the	DET
fbem-12589	116	30	enterprise	enterprise	NOUN
fbem-12589	116	31	.	.	PUNCT
fbem-12589	117	1	the	the	DET
fbem-12589	117	2	elasticity	elasticity	NOUN
fbem-12589	117	3	is	be	AUX
fbem-12589	117	4	0.16	0.16	NUM
fbem-12589	117	5	,	,	PUNCT
fbem-12589	117	6	indicating	indicate	VERB
fbem-12589	117	7	that	that	SCONJ
fbem-12589	117	8	the	the	DET
fbem-12589	117	9	degree	degree	NOUN
fbem-12589	117	10	of	of	ADP
fbem-12589	117	11	digital	digital	ADJ
fbem-12589	117	12	division	division	NOUN
fbem-12589	117	13	of	of	ADP
fbem-12589	117	14	labor	labor	NOUN
fbem-12589	117	15	has	have	AUX
fbem-12589	117	16	contributed	contribute	VERB
fbem-12589	117	17	16	16	NUM
fbem-12589	117	18	%	%	NOUN
fbem-12589	117	19	to	to	ADP
fbem-12589	117	20	the	the	DET
fbem-12589	117	21	growth	growth	NOUN
fbem-12589	117	22	of	of	ADP
fbem-12589	117	23	the	the	DET
fbem-12589	117	24	enterprise	enterprise	NOUN
fbem-12589	117	25	.	.	PUNCT
fbem-12589	118	1	in	in	ADP
fbem-12589	118	2	the	the	DET
fbem-12589	118	3	process	process	NOUN
fbem-12589	118	4	of	of	ADP
fbem-12589	118	5	enterprise	enterprise	NOUN
fbem-12589	118	6	development	development	NOUN
fbem-12589	118	7	,	,	PUNCT
fbem-12589	118	8	digital	digital	ADJ
fbem-12589	118	9	division	division	NOUN
fbem-12589	118	10	of	of	ADP
fbem-12589	118	11	labor	labor	NOUN
fbem-12589	118	12	has	have	AUX
fbem-12589	118	13	brought	bring	VERB
fbem-12589	118	14	convenience	convenience	NOUN
fbem-12589	118	15	to	to	ADP
fbem-12589	118	16	production	production	NOUN
fbem-12589	118	17	,	,	PUNCT
fbem-12589	118	18	transportation	transportation	NOUN
fbem-12589	118	19	,	,	PUNCT
fbem-12589	118	20	and	and	CCONJ
fbem-12589	118	21	sales	sale	NOUN
fbem-12589	118	22	,	,	PUNCT
fbem-12589	118	23	enabling	enable	VERB
fbem-12589	118	24	the	the	DET
fbem-12589	118	25	enterprise	enterprise	NOUN
fbem-12589	118	26	to	to	PART
fbem-12589	118	27	have	have	VERB
fbem-12589	118	28	a	a	DET
fbem-12589	118	29	better	well	ADJ
fbem-12589	118	30	development	development	NOUN
fbem-12589	118	31	environment	environment	NOUN
fbem-12589	118	32	and	and	CCONJ
fbem-12589	118	33	achieve	achieve	VERB
fbem-12589	118	34	faster	fast	ADV
fbem-12589	118	35	and	and	CCONJ
fbem-12589	118	36	more	more	ADV
fbem-12589	118	37	stable	stable	ADJ
fbem-12589	118	38	development	development	NOUN
fbem-12589	118	39	and	and	CCONJ
fbem-12589	118	40	growth	growth	NOUN
fbem-12589	118	41	.	.	PUNCT
fbem-12589	119	1	when	when	SCONJ
fbem-12589	119	2	the	the	DET
fbem-12589	119	3	intensity	intensity	NOUN
fbem-12589	119	4	of	of	ADP
fbem-12589	119	5	digital	digital	ADJ
fbem-12589	119	6	transformation	transformation	NOUN
fbem-12589	119	7	is	be	AUX
fbem-12589	119	8	used	use	VERB
fbem-12589	119	9	as	as	ADP
fbem-12589	119	10	an	an	DET
fbem-12589	119	11	explanatory	explanatory	ADJ
fbem-12589	119	12	variable	variable	NOUN
fbem-12589	119	13	,	,	PUNCT
fbem-12589	119	14	the	the	DET
fbem-12589	119	15	elasticity	elasticity	NOUN
fbem-12589	119	16	is	be	AUX
fbem-12589	119	17	0.10	0.10	NUM
fbem-12589	119	18	,	,	PUNCT
fbem-12589	119	19	and	and	CCONJ
fbem-12589	119	20	the	the	DET
fbem-12589	119	21	p	p	ADJ
fbem-12589	119	22	-	-	PUNCT
fbem-12589	119	23	value	value	NOUN
fbem-12589	119	24	test	test	NOUN
fbem-12589	119	25	is	be	AUX
fbem-12589	119	26	qualified	qualified	ADJ
fbem-12589	119	27	.	.	PUNCT
fbem-12589	120	1	when	when	SCONJ
fbem-12589	120	2	the	the	DET
fbem-12589	120	3	transformation	transformation	NOUN
fbem-12589	120	4	of	of	ADP
fbem-12589	120	5	enterprises	enterprise	NOUN
fbem-12589	120	6	becomes	become	VERB
fbem-12589	120	7	more	more	ADV
fbem-12589	120	8	active	active	ADJ
fbem-12589	120	9	,	,	PUNCT
fbem-12589	120	10	automation	automation	NOUN
fbem-12589	120	11	and	and	CCONJ
fbem-12589	120	12	intelligence	intelligence	NOUN
fbem-12589	120	13	bring	bring	VERB
fbem-12589	120	14	technological	technological	ADJ
fbem-12589	120	15	innovation	innovation	NOUN
fbem-12589	120	16	to	to	ADP
fbem-12589	120	17	the	the	DET
fbem-12589	120	18	enterprise	enterprise	NOUN
fbem-12589	120	19	,	,	PUNCT
fbem-12589	120	20	changing	change	VERB
fbem-12589	120	21	the	the	DET
fbem-12589	120	22	original	original	ADJ
fbem-12589	120	23	production	production	NOUN
fbem-12589	120	24	methods	method	NOUN
fbem-12589	120	25	,	,	PUNCT
fbem-12589	120	26	creating	create	VERB
fbem-12589	120	27	new	new	ADJ
fbem-12589	120	28	production	production	NOUN
fbem-12589	120	29	methods	method	NOUN
fbem-12589	120	30	,	,	PUNCT
fbem-12589	120	31	improving	improve	VERB
fbem-12589	120	32	the	the	DET
fbem-12589	120	33	production	production	NOUN
fbem-12589	120	34	efficiency	efficiency	NOUN
fbem-12589	120	35	of	of	ADP
fbem-12589	120	36	the	the	DET
fbem-12589	120	37	enterprise	enterprise	NOUN
fbem-12589	120	38	,	,	PUNCT
fbem-12589	120	39	and	and	CCONJ
fbem-12589	120	40	increasing	increase	VERB
fbem-12589	120	41	the	the	DET
fbem-12589	120	42	net	net	ADJ
fbem-12589	120	43	asset	asset	NOUN
fbem-12589	120	44	growth	growth	NOUN
fbem-12589	120	45	rate	rate	NOUN
fbem-12589	120	46	.	.	PUNCT
fbem-12589	121	1	if	if	SCONJ
fbem-12589	121	2	two	two	NUM
fbem-12589	121	3	manufacturers	manufacturer	NOUN
fbem-12589	121	4	producing	produce	VERB
fbem-12589	121	5	the	the	DET
fbem-12589	121	6	same	same	ADJ
fbem-12589	121	7	product	product	NOUN
fbem-12589	121	8	have	have	VERB
fbem-12589	121	9	a	a	DET
fbem-12589	121	10	complete	complete	ADJ
fbem-12589	121	11	digital	digital	ADJ
fbem-12589	121	12	production	production	NOUN
fbem-12589	121	13	system	system	NOUN
fbem-12589	121	14	,	,	PUNCT
fbem-12589	121	15	while	while	SCONJ
fbem-12589	121	16	the	the	DET
fbem-12589	121	17	other	other	ADJ
fbem-12589	121	18	only	only	ADJ
fbem-12589	121	19	introduces	introduce	VERB
fbem-12589	121	20	some	some	DET
fbem-12589	121	21	aspects	aspect	NOUN
fbem-12589	121	22	of	of	ADP
fbem-12589	121	23	digital	digital	ADJ
fbem-12589	121	24	production	production	NOUN
fbem-12589	121	25	,	,	PUNCT
fbem-12589	121	26	when	when	SCONJ
fbem-12589	121	27	the	the	DET
fbem-12589	121	28	two	two	NUM
fbem-12589	121	29	enterprises	enterprise	NOUN
fbem-12589	121	30	are	be	AUX
fbem-12589	121	31	in	in	ADP
fbem-12589	121	32	a	a	DET
fbem-12589	121	33	competitive	competitive	ADJ
fbem-12589	121	34	state	state	NOUN
fbem-12589	121	35	,	,	PUNCT
fbem-12589	121	36	the	the	DET
fbem-12589	121	37	manufacturer	manufacturer	NOUN
fbem-12589	121	38	with	with	ADP
fbem-12589	121	39	a	a	DET
fbem-12589	121	40	complete	complete	ADJ
fbem-12589	121	41	production	production	NOUN
fbem-12589	121	42	system	system	NOUN
fbem-12589	121	43	has	have	VERB
fbem-12589	121	44	cheaper	cheap	ADJ
fbem-12589	121	45	production	production	NOUN
fbem-12589	121	46	costs	cost	NOUN
fbem-12589	121	47	and	and	CCONJ
fbem-12589	121	48	stronger	strong	ADJ
fbem-12589	121	49	competitiveness	competitiveness	NOUN
fbem-12589	121	50	in	in	ADP
fbem-12589	121	51	market	market	NOUN
fbem-12589	121	52	sales	sale	NOUN
fbem-12589	121	53	.	.	PUNCT
fbem-12589	122	1	whether	whether	SCONJ
fbem-12589	122	2	consumers	consumer	NOUN
fbem-12589	122	3	choose	choose	VERB
fbem-12589	122	4	products	product	NOUN
fbem-12589	122	5	through	through	ADP
fbem-12589	122	6	price	price	NOUN
fbem-12589	122	7	comparison	comparison	NOUN
fbem-12589	122	8	effect	effect	NOUN
fbem-12589	122	9	,	,	PUNCT
fbem-12589	122	10	manufacturers	manufacturer	NOUN
fbem-12589	122	11	still	still	ADV
fbem-12589	122	12	rely	rely	VERB
fbem-12589	122	13	on	on	ADP
fbem-12589	122	14	the	the	DET
fbem-12589	122	15	standardization	standardization	NOUN
fbem-12589	122	16	of	of	ADP
fbem-12589	122	17	products	product	NOUN
fbem-12589	122	18	to	to	PART
fbem-12589	122	19	sell	sell	VERB
fbem-12589	122	20	their	their	PRON
fbem-12589	122	21	products	product	NOUN
fbem-12589	122	22	.	.	PUNCT
fbem-12589	123	1	manufacturers	manufacturer	NOUN
fbem-12589	123	2	with	with	ADP
fbem-12589	123	3	a	a	DET
fbem-12589	123	4	complete	complete	ADJ
fbem-12589	123	5	digital	digital	ADJ
fbem-12589	123	6	production	production	NOUN
fbem-12589	123	7	system	system	NOUN
fbem-12589	123	8	will	will	AUX
fbem-12589	123	9	have	have	VERB
fbem-12589	123	10	more	more	ADV
fbem-12589	123	11	favorable	favorable	ADJ
fbem-12589	123	12	self	self	NOUN
fbem-12589	123	13	conditions	condition	NOUN
fbem-12589	123	14	and	and	CCONJ
fbem-12589	123	15	market	market	NOUN
fbem-12589	123	16	conditions	condition	NOUN
fbem-12589	123	17	,	,	PUNCT
fbem-12589	123	18	sell	sell	VERB
fbem-12589	123	19	more	more	ADJ
fbem-12589	123	20	products	product	NOUN
fbem-12589	123	21	,	,	PUNCT
fbem-12589	123	22	and	and	CCONJ
fbem-12589	123	23	obtain	obtain	VERB
fbem-12589	123	24	more	more	ADJ
fbem-12589	123	25	profits	profit	NOUN
fbem-12589	123	26	.	.	PUNCT
fbem-12589	124	1	they	they	PRON
fbem-12589	124	2	can	can	AUX
fbem-12589	124	3	use	use	VERB
fbem-12589	124	4	excess	excess	ADJ
fbem-12589	124	5	profits	profit	NOUN
fbem-12589	124	6	to	to	PART
fbem-12589	124	7	improve	improve	VERB
fbem-12589	124	8	their	their	PRON
fbem-12589	124	9	production	production	NOUN
fbem-12589	124	10	system	system	NOUN
fbem-12589	124	11	,	,	PUNCT
fbem-12589	124	12	improve	improve	VERB
fbem-12589	124	13	their	their	PRON
fbem-12589	124	14	management	management	NOUN
fbem-12589	124	15	system	system	NOUN
fbem-12589	124	16	,	,	PUNCT
fbem-12589	124	17	and	and	CCONJ
fbem-12589	124	18	increase	increase	VERB
fbem-12589	124	19	the	the	DET
fbem-12589	124	20	net	net	ADJ
fbem-12589	124	21	asset	asset	NOUN
fbem-12589	124	22	growth	growth	NOUN
fbem-12589	124	23	rate	rate	NOUN
fbem-12589	124	24	.	.	PUNCT
fbem-12589	125	1	when	when	SCONJ
fbem-12589	125	2	financial	financial	ADJ
fbem-12589	125	3	risk	risk	NOUN
fbem-12589	125	4	is	be	AUX
fbem-12589	125	5	used	use	VERB
fbem-12589	125	6	as	as	ADP
fbem-12589	125	7	an	an	DET
fbem-12589	125	8	explanatory	explanatory	ADJ
fbem-12589	125	9	variable	variable	NOUN
fbem-12589	125	10	,	,	PUNCT
fbem-12589	125	11	the	the	DET
fbem-12589	125	12	elasticity	elasticity	NOUN
fbem-12589	125	13	is	be	AUX
fbem-12589	125	14	0.08	0.08	NUM
fbem-12589	125	15	,	,	PUNCT
fbem-12589	125	16	and	and	CCONJ
fbem-12589	125	17	the	the	DET
fbem-12589	125	18	p	p	ADJ
fbem-12589	125	19	-	-	PUNCT
fbem-12589	125	20	value	value	NOUN
fbem-12589	125	21	test	test	NOUN
fbem-12589	125	22	is	be	AUX
fbem-12589	125	23	qualified	qualified	ADJ
fbem-12589	125	24	.	.	PUNCT
fbem-12589	126	1	the	the	DET
fbem-12589	126	2	financial	financial	ADJ
fbem-12589	126	3	risk	risk	NOUN
fbem-12589	126	4	here	here	ADV
fbem-12589	126	5	is	be	AUX
fbem-12589	126	6	a	a	DET
fbem-12589	126	7	comprehensive	comprehensive	ADJ
fbem-12589	126	8	indicator	indicator	NOUN
fbem-12589	126	9	that	that	PRON
fbem-12589	126	10	takes	take	VERB
fbem-12589	126	11	into	into	ADP
fbem-12589	126	12	account	account	NOUN
fbem-12589	126	13	the	the	DET
fbem-12589	126	14	combination	combination	NOUN
fbem-12589	126	15	of	of	ADP
fbem-12589	126	16	corporate	corporate	ADJ
fbem-12589	126	17	debt	debt	NOUN
fbem-12589	126	18	ratio	ratio	NOUN
fbem-12589	126	19	and	and	CCONJ
fbem-12589	126	20	exchange	exchange	NOUN
fbem-12589	126	21	rate	rate	NOUN
fbem-12589	126	22	.	.	PUNCT
fbem-12589	127	1	a	a	DET
fbem-12589	127	2	positive	positive	ADJ
fbem-12589	127	3	coefficient	coefficient	NOUN
fbem-12589	127	4	explains	explain	VERB
fbem-12589	127	5	to	to	ADP
fbem-12589	127	6	some	some	DET
fbem-12589	127	7	extent	extent	NOUN
fbem-12589	127	8	that	that	SCONJ
fbem-12589	127	9	having	have	VERB
fbem-12589	127	10	a	a	DET
fbem-12589	127	11	certain	certain	ADJ
fbem-12589	127	12	debt	debt	NOUN
fbem-12589	127	13	ratio	ratio	NOUN
fbem-12589	127	14	can	can	AUX
fbem-12589	127	15	make	make	VERB
fbem-12589	127	16	a	a	DET
fbem-12589	127	17	company	company	NOUN
fbem-12589	127	18	's	's	PART
fbem-12589	127	19	production	production	NOUN
fbem-12589	127	20	more	more	ADV
fbem-12589	127	21	flexible	flexible	ADJ
fbem-12589	127	22	.	.	PUNCT
fbem-12589	128	1	debt	debt	NOUN
fbem-12589	128	2	is	be	AUX
fbem-12589	128	3	not	not	PART
fbem-12589	128	4	necessarily	necessarily	ADV
fbem-12589	128	5	a	a	DET
fbem-12589	128	6	bad	bad	ADJ
fbem-12589	128	7	thing	thing	NOUN
fbem-12589	128	8	for	for	ADP
fbem-12589	128	9	a	a	DET
fbem-12589	128	10	company	company	NOUN
fbem-12589	128	11	,	,	PUNCT
fbem-12589	128	12	and	and	CCONJ
fbem-12589	128	13	appropriate	appropriate	ADJ
fbem-12589	128	14	debt	debt	NOUN
fbem-12589	128	15	can	can	AUX
fbem-12589	128	16	make	make	VERB
fbem-12589	128	17	a	a	DET
fbem-12589	128	18	company	company	NOUN
fbem-12589	128	19	more	more	ADV
fbem-12589	128	20	productive	productive	ADJ
fbem-12589	128	21	in	in	ADP
fbem-12589	128	22	a	a	DET
fbem-12589	128	23	short	short	ADJ
fbem-12589	128	24	period	period	NOUN
fbem-12589	128	25	of	of	ADP
fbem-12589	128	26	time	time	NOUN
fbem-12589	128	27	.	.	PUNCT
fbem-12589	129	1	so	so	ADV
fbem-12589	129	2	,	,	PUNCT
fbem-12589	129	3	to	to	ADP
fbem-12589	129	4	a	a	DET
fbem-12589	129	5	certain	certain	ADJ
fbem-12589	129	6	extent	extent	NOUN
fbem-12589	129	7	,	,	PUNCT
fbem-12589	129	8	the	the	DET
fbem-12589	129	9	significant	significant	ADJ
fbem-12589	129	10	positive	positive	ADJ
fbem-12589	129	11	impact	impact	NOUN
fbem-12589	129	12	of	of	ADP
fbem-12589	129	13	financial	financial	ADJ
fbem-12589	129	14	risk	risk	NOUN
fbem-12589	129	15	on	on	ADP
fbem-12589	129	16	net	net	ADJ
fbem-12589	129	17	asset	asset	NOUN
fbem-12589	129	18	growth	growth	NOUN
fbem-12589	129	19	rate	rate	NOUN
fbem-12589	129	20	can	can	AUX
fbem-12589	129	21	be	be	AUX
fbem-12589	129	22	allowed	allow	VERB
fbem-12589	129	23	by	by	ADP
fbem-12589	129	24	facts	fact	NOUN
fbem-12589	129	25	,	,	PUNCT
fbem-12589	129	26	and	and	CCONJ
fbem-12589	129	27	there	there	PRON
fbem-12589	129	28	is	be	VERB
fbem-12589	129	29	evidence	evidence	NOUN
fbem-12589	129	30	in	in	ADP
fbem-12589	129	31	reality	reality	NOUN
fbem-12589	129	32	.	.	PUNCT
fbem-12589	130	1	when	when	SCONJ
fbem-12589	130	2	profitability	profitability	NOUN
fbem-12589	130	3	is	be	AUX
fbem-12589	130	4	used	use	VERB
fbem-12589	130	5	as	as	ADP
fbem-12589	130	6	the	the	DET
fbem-12589	130	7	explanatory	explanatory	ADJ
fbem-12589	130	8	variable	variable	NOUN
fbem-12589	130	9	,	,	PUNCT
fbem-12589	130	10	the	the	DET
fbem-12589	130	11	elasticity	elasticity	NOUN
fbem-12589	130	12	is	be	AUX
fbem-12589	130	13	0.50	0.50	NUM
fbem-12589	130	14	,	,	PUNCT
fbem-12589	130	15	and	and	CCONJ
fbem-12589	130	16	the	the	DET
fbem-12589	130	17	p	p	ADJ
fbem-12589	130	18	-	-	PUNCT
fbem-12589	130	19	value	value	NOUN
fbem-12589	130	20	test	test	NOUN
fbem-12589	130	21	is	be	AUX
fbem-12589	130	22	qualified	qualified	ADJ
fbem-12589	130	23	.	.	PUNCT
fbem-12589	131	1	profitability	profitability	NOUN
fbem-12589	131	2	is	be	AUX
fbem-12589	131	3	a	a	DET
fbem-12589	131	4	comprehensive	comprehensive	ADJ
fbem-12589	131	5	indicator	indicator	NOUN
fbem-12589	131	6	that	that	PRON
fbem-12589	131	7	takes	take	VERB
fbem-12589	131	8	into	into	ADP
fbem-12589	131	9	account	account	NOUN
fbem-12589	131	10	parameters	parameter	NOUN
fbem-12589	131	11	such	such	ADJ
fbem-12589	131	12	as	as	ADP
fbem-12589	131	13	return	return	NOUN
fbem-12589	131	14	on	on	ADP
fbem-12589	131	15	equity	equity	NOUN
fbem-12589	131	16	and	and	CCONJ
fbem-12589	131	17	return	return	VERB
fbem-12589	131	18	on	on	ADP
fbem-12589	131	19	equity	equity	NOUN
fbem-12589	131	20	.	.	PUNCT
fbem-12589	132	1	a	a	DET
fbem-12589	132	2	contribution	contribution	NOUN
fbem-12589	132	3	rate	rate	NOUN
fbem-12589	132	4	of	of	ADP
fbem-12589	132	5	0.50	0.50	NUM
fbem-12589	132	6	indicates	indicate	VERB
fbem-12589	132	7	that	that	SCONJ
fbem-12589	132	8	profitability	profitability	NOUN
fbem-12589	132	9	is	be	AUX
fbem-12589	132	10	the	the	DET
fbem-12589	132	11	foundation	foundation	NOUN
fbem-12589	132	12	of	of	ADP
fbem-12589	132	13	a	a	DET
fbem-12589	132	14	company	company	NOUN
fbem-12589	132	15	.	.	PUNCT
fbem-12589	133	1	when	when	SCONJ
fbem-12589	133	2	a	a	DET
fbem-12589	133	3	company	company	NOUN
fbem-12589	133	4	has	have	VERB
fbem-12589	133	5	sufficient	sufficient	ADJ
fbem-12589	133	6	profitability	profitability	NOUN
fbem-12589	133	7	,	,	PUNCT
fbem-12589	133	8	it	it	PRON
fbem-12589	133	9	will	will	AUX
fbem-12589	133	10	have	have	VERB
fbem-12589	133	11	surplus	surplus	ADJ
fbem-12589	133	12	money	money	NOUN
fbem-12589	133	13	to	to	PART
fbem-12589	133	14	expand	expand	VERB
fbem-12589	133	15	production	production	NOUN
fbem-12589	133	16	.	.	PUNCT
fbem-12589	134	1	after	after	SCONJ
fbem-12589	134	2	the	the	DET
fbem-12589	134	3	expansion	expansion	NOUN
fbem-12589	134	4	project	project	NOUN
fbem-12589	134	5	is	be	AUX
fbem-12589	134	6	put	put	VERB
fbem-12589	134	7	into	into	ADP
fbem-12589	134	8	operation	operation	NOUN
fbem-12589	134	9	,	,	PUNCT
fbem-12589	134	10	the	the	DET
fbem-12589	134	11	company	company	NOUN
fbem-12589	134	12	's	's	PART
fbem-12589	134	13	profitability	profitability	NOUN
fbem-12589	134	14	is	be	AUX
fbem-12589	134	15	further	far	ADV
fbem-12589	134	16	enriched	enrich	VERB
fbem-12589	134	17	,	,	PUNCT
fbem-12589	134	18	forming	form	VERB
fbem-12589	134	19	a	a	DET
fbem-12589	134	20	virtuous	virtuous	ADJ
fbem-12589	134	21	cycle	cycle	NOUN
fbem-12589	134	22	and	and	CCONJ
fbem-12589	134	23	continuously	continuously	ADV
fbem-12589	134	24	contributing	contribute	VERB
fbem-12589	134	25	to	to	ADP
fbem-12589	134	26	the	the	DET
fbem-12589	134	27	improvement	improvement	NOUN
fbem-12589	134	28	of	of	ADP
fbem-12589	134	29	the	the	DET
fbem-12589	134	30	company	company	NOUN
fbem-12589	134	31	's	's	PART
fbem-12589	134	32	net	net	ADJ
fbem-12589	134	33	asset	asset	NOUN
fbem-12589	134	34	growth	growth	NOUN
fbem-12589	134	35	rate	rate	NOUN
fbem-12589	134	36	.	.	PUNCT
fbem-12589	135	1	at	at	ADP
fbem-12589	135	2	the	the	DET
fbem-12589	135	3	same	same	ADJ
fbem-12589	135	4	time	time	NOUN
fbem-12589	135	5	,	,	PUNCT
fbem-12589	135	6	we	we	PRON
fbem-12589	135	7	can	can	AUX
fbem-12589	135	8	see	see	VERB
fbem-12589	135	9	that	that	SCONJ
fbem-12589	135	10	a	a	DET
fbem-12589	135	11	contribution	contribution	NOUN
fbem-12589	135	12	rate	rate	NOUN
fbem-12589	135	13	of	of	ADP
fbem-12589	135	14	0.50	0.50	NUM
fbem-12589	135	15	is	be	AUX
fbem-12589	135	16	the	the	DET
fbem-12589	135	17	highest	high	ADJ
fbem-12589	135	18	contribution	contribution	NOUN
fbem-12589	135	19	rate	rate	NOUN
fbem-12589	135	20	in	in	ADP
fbem-12589	135	21	the	the	DET
fbem-12589	135	22	table	table	NOUN
fbem-12589	135	23	.	.	PUNCT
fbem-12589	136	1	the	the	DET
fbem-12589	136	2	growth	growth	NOUN
fbem-12589	136	3	of	of	ADP
fbem-12589	136	4	a	a	DET
fbem-12589	136	5	company	company	NOUN
fbem-12589	136	6	must	must	AUX
fbem-12589	136	7	be	be	AUX
fbem-12589	136	8	based	base	VERB
fbem-12589	136	9	on	on	ADP
fbem-12589	136	10	profitability	profitability	NOUN
fbem-12589	136	11	,	,	PUNCT
fbem-12589	136	12	which	which	PRON
fbem-12589	136	13	is	be	AUX
fbem-12589	136	14	very	very	ADV
fbem-12589	136	15	practical	practical	ADJ
fbem-12589	136	16	.	.	PUNCT
fbem-12589	137	1	when	when	SCONJ
fbem-12589	137	2	the	the	DET
fbem-12589	137	3	operating	operating	NOUN
fbem-12589	137	4	capacity	capacity	NOUN
fbem-12589	137	5	is	be	AUX
fbem-12589	137	6	used	use	VERB
fbem-12589	137	7	as	as	ADP
fbem-12589	137	8	the	the	DET
fbem-12589	137	9	explanatory	explanatory	ADJ
fbem-12589	137	10	variable	variable	NOUN
fbem-12589	137	11	,	,	PUNCT
fbem-12589	137	12	the	the	DET
fbem-12589	137	13	elasticity	elasticity	NOUN
fbem-12589	137	14	is	be	AUX
fbem-12589	137	15	0.10	0.10	NUM
fbem-12589	137	16	,	,	PUNCT
fbem-12589	137	17	and	and	CCONJ
fbem-12589	137	18	the	the	DET
fbem-12589	137	19	p	p	ADJ
fbem-12589	137	20	-	-	PUNCT
fbem-12589	137	21	value	value	NOUN
fbem-12589	137	22	test	test	NOUN
fbem-12589	137	23	is	be	AUX
fbem-12589	137	24	qualified	qualified	ADJ
fbem-12589	137	25	.	.	PUNCT
fbem-12589	138	1	operational	operational	ADJ
fbem-12589	138	2	capability	capability	NOUN
fbem-12589	138	3	is	be	AUX
fbem-12589	138	4	a	a	DET
fbem-12589	138	5	comprehensive	comprehensive	ADJ
fbem-12589	138	6	indicator	indicator	NOUN
fbem-12589	138	7	that	that	PRON
fbem-12589	138	8	combines	combine	VERB
fbem-12589	138	9	investment	investment	NOUN
fbem-12589	138	10	returns	return	NOUN
fbem-12589	138	11	with	with	ADP
fbem-12589	138	12	asset	asset	NOUN
fbem-12589	138	13	turnover	turnover	NOUN
fbem-12589	138	14	.	.	PUNCT
fbem-12589	139	1	when	when	SCONJ
fbem-12589	139	2	a	a	DET
fbem-12589	139	3	company	company	NOUN
fbem-12589	139	4	can	can	AUX
fbem-12589	139	5	reinvest	reinvest	VERB
fbem-12589	139	6	through	through	ADP
fbem-12589	139	7	excess	excess	ADJ
fbem-12589	139	8	net	net	ADJ
fbem-12589	139	9	profit	profit	NOUN
fbem-12589	139	10	,	,	PUNCT
fbem-12589	139	11	it	it	PRON
fbem-12589	139	12	can	can	AUX
fbem-12589	139	13	eliminate	eliminate	VERB
fbem-12589	139	14	outdated	outdated	ADJ
fbem-12589	139	15	production	production	NOUN
fbem-12589	139	16	capacity	capacity	NOUN
fbem-12589	139	17	,	,	PUNCT
fbem-12589	139	18	introduce	introduce	VERB
fbem-12589	139	19	equipment	equipment	NOUN
fbem-12589	139	20	,	,	PUNCT
fbem-12589	139	21	high	high	ADJ
fbem-12589	139	22	-	-	PUNCT
fbem-12589	139	23	tech	tech	NOUN
fbem-12589	139	24	talents	talent	NOUN
fbem-12589	139	25	,	,	PUNCT
fbem-12589	139	26	and	and	CCONJ
fbem-12589	139	27	higher	high	ADJ
fbem-12589	139	28	quality	quality	NOUN
fbem-12589	139	29	production	production	NOUN
fbem-12589	139	30	lines	line	NOUN
fbem-12589	139	31	,	,	PUNCT
fbem-12589	139	32	which	which	PRON
fbem-12589	139	33	has	have	VERB
fbem-12589	139	34	a	a	DET
fbem-12589	139	35	significant	significant	ADJ
fbem-12589	139	36	positive	positive	ADJ
fbem-12589	139	37	impact	impact	NOUN
fbem-12589	139	38	on	on	ADP
fbem-12589	139	39	the	the	DET
fbem-12589	139	40	company	company	NOUN
fbem-12589	139	41	's	's	PART
fbem-12589	139	42	subsequent	subsequent	ADJ
fbem-12589	139	43	development	development	NOUN
fbem-12589	139	44	.	.	PUNCT
fbem-12589	140	1	at	at	ADP
fbem-12589	140	2	the	the	DET
fbem-12589	140	3	same	same	ADJ
fbem-12589	140	4	time	time	NOUN
fbem-12589	140	5	,	,	PUNCT
fbem-12589	140	6	asset	asset	NOUN
fbem-12589	140	7	turnover	turnover	NOUN
fbem-12589	140	8	rate	rate	NOUN
fbem-12589	140	9	is	be	AUX
fbem-12589	140	10	also	also	ADV
fbem-12589	140	11	very	very	ADV
fbem-12589	140	12	important	important	ADJ
fbem-12589	140	13	for	for	ADP
fbem-12589	140	14	the	the	DET
fbem-12589	140	15	development	development	NOUN
fbem-12589	140	16	of	of	ADP
fbem-12589	140	17	enterprises	enterprise	NOUN
fbem-12589	140	18	.	.	PUNCT
fbem-12589	141	1	the	the	PRON
fbem-12589	141	2	higher	high	ADJ
fbem-12589	141	3	the	the	DET
fbem-12589	141	4	asset	asset	NOUN
fbem-12589	141	5	turnover	turnover	NOUN
fbem-12589	141	6	rate	rate	NOUN
fbem-12589	141	7	,	,	PUNCT
fbem-12589	141	8	the	the	DET
fbem-12589	141	9	more	more	ADV
fbem-12589	141	10	reasonable	reasonable	ADJ
fbem-12589	141	11	the	the	DET
fbem-12589	141	12	use	use	NOUN
fbem-12589	141	13	of	of	ADP
fbem-12589	141	14	funds	fund	NOUN
fbem-12589	141	15	by	by	ADP
fbem-12589	141	16	enterprises	enterprise	NOUN
fbem-12589	141	17	,	,	PUNCT
fbem-12589	141	18	because	because	SCONJ
fbem-12589	141	19	under	under	ADP
fbem-12589	141	20	the	the	DET
fbem-12589	141	21	same	same	ADJ
fbem-12589	141	22	financial	financial	ADJ
fbem-12589	141	23	conditions	condition	NOUN
fbem-12589	141	24	,	,	PUNCT
fbem-12589	141	25	enterprises	enterprise	NOUN
fbem-12589	141	26	use	use	VERB
fbem-12589	141	27	it	it	PRON
fbem-12589	141	28	to	to	PART
fbem-12589	141	29	make	make	VERB
fbem-12589	141	30	more	more	ADJ
fbem-12589	141	31	investment	investment	NOUN
fbem-12589	141	32	and	and	CCONJ
fbem-12589	141	33	production	production	NOUN
fbem-12589	141	34	.	.	PUNCT
fbem-12589	142	1	table	table	NOUN
fbem-12589	142	2	3	3	NUM
fbem-12589	142	3	.	.	PUNCT
fbem-12589	142	4	benchmark	benchmark	NOUN
fbem-12589	142	5	regression	regression	NOUN
fbem-12589	142	6	with	with	ADP
fbem-12589	142	7	annualized	annualize	VERB
fbem-12589	142	8	effects	effect	NOUN
fbem-12589	142	9	loggrona	loggrona	PROPN
fbem-12589	142	10	coef	coef	PROPN
fbem-12589	142	11	.	.	PUNCT
fbem-12589	143	1	std	std	NOUN
fbem-12589	143	2	.	.	PUNCT
fbem-12589	144	1	err	err	NOUN
fbem-12589	144	2	.	.	PUNCT
fbem-12589	145	1	t	t	PROPN
fbem-12589	145	2	p>|t|	p>|t|	PROPN
fbem-12589	145	3	logdod	logdod	VERB
fbem-12589	145	4	-0.0250065	-0.0250065	NOUN
fbem-12589	145	5	0.0241811	0.0241811	NUM
fbem-12589	145	6	-1.03	-1.03	NUM
fbem-12589	145	7	0.301	0.301	NUM
fbem-12589	145	8	logti	logti	NOUN
fbem-12589	145	9	0.052334	0.052334	NUM
fbem-12589	145	10	0.0077118	0.0077118	NUM
fbem-12589	145	11	6.79	6.79	NUM
fbem-12589	145	12	0.000	0.000	NUM
fbem-12589	145	13	*	*	PUNCT
fbem-12589	145	14	*	*	PUNCT
fbem-12589	145	15	*	*	PUNCT
fbem-12589	145	16	logfr	logfr	VERB
fbem-12589	145	17	0.0301938	0.0301938	NUM
fbem-12589	145	18	0.0094495	0.0094495	NUM
fbem-12589	145	19	3.20	3.20	NUM
fbem-12589	145	20	0.001	0.001	NUM
fbem-12589	145	21	*	*	PUNCT
fbem-12589	145	22	*	*	PUNCT
fbem-12589	145	23	*	*	PUNCT
fbem-12589	145	24	logaoe	logaoe	PROPN
fbem-12589	145	25	-0.0525702	-0.0525702	PROPN
fbem-12589	145	26	0.0036586	0.0036586	NUM
fbem-12589	145	27	-14.37	-14.37	PUNCT
fbem-12589	145	28	0.000	0.000	NUM
fbem-12589	145	29	*	*	PUNCT
fbem-12589	145	30	*	*	PUNCT
fbem-12589	145	31	*	*	PUNCT
fbem-12589	145	32	logaoo	logaoo	NOUN
fbem-12589	145	33	0.0120931	0.0120931	NUM
fbem-12589	145	34	0.0167716	0.0167716	NUM
fbem-12589	145	35	0.72	0.72	NUM
fbem-12589	145	36	0.471	0.471	NUM
fbem-12589	145	37	year	year	NOUN
fbem-12589	145	38	2017	2017	NUM
fbem-12589	145	39	1.388772	1.388772	NUM
fbem-12589	145	40	0.0480286	0.0480286	NUM
fbem-12589	145	41	28.92	28.92	NUM
fbem-12589	145	42	0.000	0.000	NUM
fbem-12589	145	43	*	*	PUNCT
fbem-12589	145	44	*	*	PUNCT
fbem-12589	145	45	*	*	PUNCT
fbem-12589	145	46	2018	2018	NUM
fbem-12589	145	47	1.749983	1.749983	NUM
fbem-12589	145	48	0.0620736	0.0620736	NUM
fbem-12589	145	49	28.19	28.19	NUM
fbem-12589	145	50	0.000	0.000	NUM
fbem-12589	145	51	*	*	PUNCT
fbem-12589	145	52	*	*	PUNCT
fbem-12589	145	53	*	*	X
fbem-12589	145	54	2019	2019	NUM
fbem-12589	145	55	2.074067	2.074067	NUM
fbem-12589	145	56	0.0720947	0.0720947	NUM
fbem-12589	146	1	28.77	28.77	NUM
fbem-12589	146	2	0.000	0.000	NUM
fbem-12589	146	3	*	*	PUNCT
fbem-12589	146	4	*	*	PUNCT
fbem-12589	146	5	*	*	PUNCT
fbem-12589	146	6	2020	2020	NUM
fbem-12589	146	7	2.350437	2.350437	NUM
fbem-12589	147	1	0.0807349	0.0807349	NUM
fbem-12589	147	2	29.11	29.11	NUM
fbem-12589	147	3	0.000	0.000	NUM
fbem-12589	147	4	*	*	PUNCT
fbem-12589	147	5	*	*	PUNCT
fbem-12589	147	6	*	*	NOUN
fbem-12589	147	7	cons	con	NOUN
fbem-12589	147	8	-3.129435	-3.129435	VERB
fbem-12589	147	9	0.0495119	0.0495119	NUM
fbem-12589	148	1	-63.21	-63.21	PUNCT
fbem-12589	148	2	0.000	0.000	NUM
fbem-12589	148	3	*	*	PUNCT
fbem-12589	148	4	*	*	PUNCT
fbem-12589	148	5	*	*	PUNCT
fbem-12589	148	6	r	r	X
fbem-12589	148	7	-	-	PUNCT
fbem-12589	148	8	sq	sq	ADJ
fbem-12589	148	9	0.8942	0.8942	NUM
fbem-12589	148	10	note	note	NOUN
fbem-12589	148	11	:	:	PUNCT
fbem-12589	149	1	*	*	PUNCT
fbem-12589	149	2	*	*	PUNCT
fbem-12589	149	3	*	*	PUNCT
fbem-12589	149	4	,	,	PUNCT
fbem-12589	149	5	*	*	PUNCT
fbem-12589	149	6	*	*	PUNCT
fbem-12589	149	7	,	,	PUNCT
fbem-12589	149	8	and	and	CCONJ
fbem-12589	149	9	*	*	AUX
fbem-12589	149	10	represent	represent	VERB
fbem-12589	149	11	passing	pass	VERB
fbem-12589	149	12	the	the	DET
fbem-12589	149	13	test	test	NOUN
fbem-12589	149	14	at	at	ADP
fbem-12589	149	15	the	the	DET
fbem-12589	149	16	significance	significance	NOUN
fbem-12589	149	17	levels	level	NOUN
fbem-12589	149	18	of	of	ADP
fbem-12589	149	19	1	1	NUM
fbem-12589	149	20	%	%	NOUN
fbem-12589	149	21	,	,	PUNCT
fbem-12589	149	22	5	5	NUM
fbem-12589	149	23	%	%	NOUN
fbem-12589	149	24	,	,	PUNCT
fbem-12589	149	25	and	and	CCONJ
fbem-12589	149	26	10	10	NUM
fbem-12589	149	27	%	%	NOUN
fbem-12589	149	28	respectively	respectively	ADV
fbem-12589	149	29	.	.	PUNCT
fbem-12589	150	1	from	from	ADP
fbem-12589	150	2	table	table	NOUN
fbem-12589	150	3	3	3	NUM
fbem-12589	150	4	,	,	PUNCT
fbem-12589	150	5	it	it	PRON
fbem-12589	150	6	can	can	AUX
fbem-12589	150	7	be	be	AUX
fbem-12589	150	8	seen	see	VERB
fbem-12589	150	9	that	that	SCONJ
fbem-12589	150	10	after	after	ADP
fbem-12589	150	11	taking	take	VERB
fbem-12589	150	12	into	into	ADP
fbem-12589	150	13	account	account	NOUN
fbem-12589	150	14	the	the	DET
fbem-12589	150	15	annualized	annualize	VERB
fbem-12589	150	16	effect	effect	NOUN
fbem-12589	150	17	,	,	PUNCT
fbem-12589	150	18	the	the	DET
fbem-12589	150	19	r	r	NOUN
fbem-12589	150	20	-	-	PUNCT
fbem-12589	150	21	squared	square	VERB
fbem-12589	150	22	is	be	AUX
fbem-12589	150	23	as	as	ADV
fbem-12589	150	24	high	high	ADJ
fbem-12589	150	25	as	as	ADP
fbem-12589	150	26	0.89	0.89	NUM
fbem-12589	150	27	.	.	PUNCT
fbem-12589	151	1	compared	compare	VERB
fbem-12589	151	2	with	with	ADP
fbem-12589	151	3	the	the	DET
fbem-12589	151	4	benchmark	benchmark	ADJ
fbem-12589	151	5	regression	regression	NOUN
fbem-12589	151	6	without	without	ADP
fbem-12589	151	7	annualized	annualize	VERB
fbem-12589	151	8	effect	effect	NOUN
fbem-12589	151	9	,	,	PUNCT
fbem-12589	151	10	the	the	DET
fbem-12589	151	11	r	r	NOUN
fbem-12589	151	12	-	-	PUNCT
fbem-12589	151	13	squared	square	VERB
fbem-12589	151	14	is	be	AUX
fbem-12589	151	15	better	well	ADJ
fbem-12589	151	16	,	,	PUNCT
fbem-12589	151	17	and	and	CCONJ
fbem-12589	151	18	the	the	DET
fbem-12589	151	19	fitting	fitting	NOUN
fbem-12589	151	20	of	of	ADP
fbem-12589	151	21	the	the	DET
fbem-12589	151	22	entire	entire	ADJ
fbem-12589	151	23	model	model	NOUN
fbem-12589	151	24	is	be	AUX
fbem-12589	151	25	more	more	ADV
fbem-12589	151	26	fitting	fitting	ADJ
fbem-12589	151	27	.	.	PUNCT
fbem-12589	152	1	although	although	SCONJ
fbem-12589	152	2	the	the	DET
fbem-12589	152	3	p	p	NOUN
fbem-12589	152	4	-	-	PUNCT
fbem-12589	152	5	values	value	NOUN
fbem-12589	152	6	of	of	ADP
fbem-12589	152	7	various	various	ADJ
fbem-12589	152	8	values	value	NOUN
fbem-12589	152	9	were	be	AUX
fbem-12589	152	10	more	more	ADV
fbem-12589	152	11	robust	robust	ADJ
fbem-12589	152	12	in	in	ADP
fbem-12589	152	13	the	the	DET
fbem-12589	152	14	benchmark	benchmark	ADJ
fbem-12589	152	15	regression	regression	NOUN
fbem-12589	152	16	without	without	ADP
fbem-12589	152	17	annualized	annualize	VERB
fbem-12589	152	18	effects	effect	NOUN
fbem-12589	152	19	before	before	ADV
fbem-12589	152	20	,	,	PUNCT
fbem-12589	152	21	we	we	PRON
fbem-12589	152	22	can	can	AUX
fbem-12589	152	23	still	still	ADV
fbem-12589	152	24	see	see	VERB
fbem-12589	152	25	the	the	DET
fbem-12589	152	26	existence	existence	NOUN
fbem-12589	152	27	of	of	ADP
fbem-12589	152	28	annualized	annualize	VERB
fbem-12589	152	29	effects	effect	NOUN
fbem-12589	152	30	in	in	ADP
fbem-12589	152	31	the	the	DET
fbem-12589	152	32	new	new	ADJ
fbem-12589	152	33	model	model	NOUN
fbem-12589	152	34	.	.	PUNCT
fbem-12589	153	1	compared	compare	VERB
fbem-12589	153	2	to	to	ADP
fbem-12589	153	3	the	the	DET
fbem-12589	153	4	annualized	annualize	VERB
fbem-12589	153	5	effect	effect	NOUN
fbem-12589	153	6	of	of	ADP
fbem-12589	153	7	base	base	NOUN
fbem-12589	153	8	value	value	NOUN
fbem-12589	153	9	1	1	NUM
fbem-12589	153	10	in	in	ADP
fbem-12589	153	11	2016	2016	NUM
fbem-12589	153	12	,	,	PUNCT
fbem-12589	153	13	the	the	DET
fbem-12589	153	14	annualized	annualize	VERB
fbem-12589	153	15	effect	effect	NOUN
fbem-12589	153	16	in	in	ADP
fbem-12589	153	17	2017	2017	NUM
fbem-12589	153	18	was	be	AUX
fbem-12589	153	19	1.39	1.39	NUM
fbem-12589	153	20	.	.	PUNCT
fbem-12589	154	1	the	the	DET
fbem-12589	154	2	annualized	annualize	VERB
fbem-12589	154	3	effect	effect	NOUN
fbem-12589	154	4	in	in	ADP
fbem-12589	154	5	2018	2018	NUM
fbem-12589	154	6	is	be	AUX
fbem-12589	154	7	1.74	1.74	NUM
fbem-12589	154	8	,	,	PUNCT
fbem-12589	154	9	the	the	DET
fbem-12589	154	10	annualized	annualize	VERB
fbem-12589	154	11	effect	effect	NOUN
fbem-12589	154	12	in	in	ADP
fbem-12589	154	13	2019	2019	NUM
fbem-12589	154	14	is	be	AUX
fbem-12589	154	15	2.07	2.07	NUM
fbem-12589	154	16	,	,	PUNCT
fbem-12589	154	17	the	the	DET
fbem-12589	154	18	annualized	annualize	VERB
fbem-12589	154	19	effect	effect	NOUN
fbem-12589	154	20	in	in	ADP
fbem-12589	154	21	2020	2020	NUM
fbem-12589	154	22	is	be	AUX
fbem-12589	154	23	2.35	2.35	NUM
fbem-12589	154	24	,	,	PUNCT
fbem-12589	154	25	and	and	CCONJ
fbem-12589	154	26	the	the	DET
fbem-12589	154	27	p	p	ADJ
fbem-12589	154	28	-	-	PUNCT
fbem-12589	154	29	value	value	NOUN
fbem-12589	154	30	test	test	NOUN
fbem-12589	154	31	is	be	AUX
fbem-12589	154	32	qualified	qualified	ADJ
fbem-12589	154	33	.	.	PUNCT
fbem-12589	155	1	without	without	ADP
fbem-12589	155	2	excluding	exclude	VERB
fbem-12589	155	3	the	the	DET
fbem-12589	155	4	possibility	possibility	NOUN
fbem-12589	155	5	that	that	SCONJ
fbem-12589	155	6	the	the	DET
fbem-12589	155	7	annualized	annualize	VERB
fbem-12589	155	8	effect	effect	NOUN
fbem-12589	155	9	may	may	AUX
fbem-12589	155	10	conflict	conflict	VERB
fbem-12589	155	11	with	with	ADP
fbem-12589	155	12	the	the	DET
fbem-12589	155	13	degree	degree	NOUN
fbem-12589	155	14	of	of	ADP
fbem-12589	155	15	digital	digital	ADJ
fbem-12589	155	16	division	division	NOUN
fbem-12589	155	17	of	of	ADP
fbem-12589	155	18	labor	labor	NOUN
fbem-12589	155	19	and	and	CCONJ
fbem-12589	155	20	profitability	profitability	NOUN
fbem-12589	155	21	,	,	PUNCT
fbem-12589	155	22	we	we	PRON
fbem-12589	155	23	can	can	AUX
fbem-12589	155	24	still	still	ADV
fbem-12589	155	25	see	see	VERB
fbem-12589	155	26	that	that	SCONJ
fbem-12589	155	27	with	with	ADP
fbem-12589	155	28	the	the	DET
fbem-12589	155	29	development	development	NOUN
fbem-12589	155	30	of	of	ADP
fbem-12589	155	31	the	the	DET
fbem-12589	155	32	digital	digital	ADJ
fbem-12589	155	33	era	era	NOUN
fbem-12589	155	34	,	,	PUNCT
fbem-12589	155	35	the	the	DET
fbem-12589	155	36	government	government	NOUN
fbem-12589	155	37	has	have	AUX
fbem-12589	155	38	formulated	formulate	VERB
fbem-12589	155	39	more	more	ADJ
fbem-12589	155	40	and	and	CCONJ
fbem-12589	155	41	more	more	ADJ
fbem-12589	155	42	200	200	NUM
fbem-12589	155	43	dividend	dividend	NOUN
fbem-12589	155	44	policies	policy	NOUN
fbem-12589	155	45	to	to	PART
fbem-12589	155	46	promote	promote	VERB
fbem-12589	155	47	the	the	DET
fbem-12589	155	48	digital	digital	ADJ
fbem-12589	155	49	development	development	NOUN
fbem-12589	155	50	of	of	ADP
fbem-12589	155	51	enterprises	enterprise	NOUN
fbem-12589	155	52	,	,	PUNCT
fbem-12589	155	53	such	such	ADJ
fbem-12589	155	54	policies	policy	NOUN
fbem-12589	155	55	have	have	AUX
fbem-12589	155	56	also	also	ADV
fbem-12589	155	57	truly	truly	ADV
fbem-12589	155	58	brought	bring	VERB
fbem-12589	155	59	policy	policy	NOUN
fbem-12589	155	60	dividends	dividend	NOUN
fbem-12589	155	61	to	to	ADP
fbem-12589	155	62	enterprises	enterprise	NOUN
fbem-12589	155	63	,	,	PUNCT
fbem-12589	155	64	thereby	thereby	ADV
fbem-12589	155	65	promoting	promote	VERB
fbem-12589	155	66	their	their	PRON
fbem-12589	155	67	development	development	NOUN
fbem-12589	155	68	.	.	PUNCT
fbem-12589	156	1	we	we	PRON
fbem-12589	156	2	can	can	AUX
fbem-12589	156	3	see	see	VERB
fbem-12589	156	4	that	that	SCONJ
fbem-12589	156	5	such	such	ADJ
fbem-12589	156	6	policy	policy	NOUN
fbem-12589	156	7	dividends	dividend	NOUN
fbem-12589	156	8	have	have	AUX
fbem-12589	156	9	been	be	AUX
fbem-12589	156	10	increasing	increase	VERB
fbem-12589	156	11	year	year	NOUN
fbem-12589	156	12	by	by	ADP
fbem-12589	156	13	year	year	NOUN
fbem-12589	156	14	from	from	ADP
fbem-12589	156	15	2016	2016	NUM
fbem-12589	156	16	to	to	ADP
fbem-12589	156	17	2020	2020	NUM
fbem-12589	156	18	.	.	PUNCT
fbem-12589	157	1	on	on	ADP
fbem-12589	157	2	the	the	DET
fbem-12589	157	3	one	one	NUM
fbem-12589	157	4	hand	hand	NOUN
fbem-12589	157	5	,	,	PUNCT
fbem-12589	157	6	the	the	DET
fbem-12589	157	7	government	government	NOUN
fbem-12589	157	8	is	be	AUX
fbem-12589	157	9	fully	fully	ADV
fbem-12589	157	10	aware	aware	ADJ
fbem-12589	157	11	of	of	ADP
fbem-12589	157	12	the	the	DET
fbem-12589	157	13	reform	reform	NOUN
fbem-12589	157	14	dividends	dividend	NOUN
fbem-12589	157	15	that	that	PRON
fbem-12589	157	16	digitalization	digitalization	NOUN
fbem-12589	157	17	brings	bring	VERB
fbem-12589	157	18	to	to	ADP
fbem-12589	157	19	enterprises	enterprise	NOUN
fbem-12589	157	20	.	.	PUNCT
fbem-12589	158	1	this	this	DET
fbem-12589	158	2	reform	reform	NOUN
fbem-12589	158	3	dividend	dividend	NOUN
fbem-12589	158	4	also	also	ADV
fbem-12589	158	5	promotes	promote	VERB
fbem-12589	158	6	the	the	DET
fbem-12589	158	7	tax	tax	NOUN
fbem-12589	158	8	revenue	revenue	NOUN
fbem-12589	158	9	that	that	PRON
fbem-12589	158	10	enterprises	enterprise	NOUN
fbem-12589	158	11	bring	bring	VERB
fbem-12589	158	12	to	to	ADP
fbem-12589	158	13	the	the	DET
fbem-12589	158	14	government	government	NOUN
fbem-12589	158	15	,	,	PUNCT
fbem-12589	158	16	which	which	PRON
fbem-12589	158	17	in	in	ADP
fbem-12589	158	18	turn	turn	NOUN
fbem-12589	158	19	encourages	encourage	VERB
fbem-12589	158	20	the	the	DET
fbem-12589	158	21	government	government	NOUN
fbem-12589	158	22	to	to	PART
fbem-12589	158	23	continue	continue	VERB
fbem-12589	158	24	formulating	formulate	VERB
fbem-12589	158	25	incentive	incentive	NOUN
fbem-12589	158	26	policies	policy	NOUN
fbem-12589	158	27	for	for	ADP
fbem-12589	158	28	digital	digital	ADJ
fbem-12589	158	29	transformation	transformation	NOUN
fbem-12589	158	30	;	;	PUNCT
fbem-12589	158	31	on	on	ADP
fbem-12589	158	32	the	the	DET
fbem-12589	158	33	other	other	ADJ
fbem-12589	158	34	hand	hand	NOUN
fbem-12589	158	35	,	,	PUNCT
fbem-12589	158	36	enterprises	enterprise	NOUN
fbem-12589	158	37	have	have	AUX
fbem-12589	158	38	also	also	ADV
fbem-12589	158	39	seen	see	VERB
fbem-12589	158	40	the	the	DET
fbem-12589	158	41	convenience	convenience	NOUN
fbem-12589	158	42	brought	bring	VERB
fbem-12589	158	43	by	by	ADP
fbem-12589	158	44	digital	digital	ADJ
fbem-12589	158	45	transformation	transformation	NOUN
fbem-12589	158	46	,	,	PUNCT
fbem-12589	158	47	which	which	PRON
fbem-12589	158	48	enables	enable	VERB
fbem-12589	158	49	them	they	PRON
fbem-12589	158	50	to	to	PART
fbem-12589	158	51	better	well	ADV
fbem-12589	158	52	produce	produce	VERB
fbem-12589	158	53	and	and	CCONJ
fbem-12589	158	54	operate	operate	VERB
fbem-12589	158	55	,	,	PUNCT
fbem-12589	158	56	accelerates	accelerate	VERB
fbem-12589	158	57	their	their	PRON
fbem-12589	158	58	digital	digital	ADJ
fbem-12589	158	59	development	development	NOUN
fbem-12589	158	60	,	,	PUNCT
fbem-12589	158	61	liberates	liberate	VERB
fbem-12589	158	62	some	some	DET
fbem-12589	158	63	human	human	ADJ
fbem-12589	158	64	capital	capital	NOUN
fbem-12589	158	65	,	,	PUNCT
fbem-12589	158	66	and	and	CCONJ
fbem-12589	158	67	allows	allow	VERB
fbem-12589	158	68	enterprises	enterprise	NOUN
fbem-12589	158	69	to	to	PART
fbem-12589	158	70	shift	shift	VERB
fbem-12589	158	71	more	more	ADJ
fbem-12589	158	72	costs	cost	NOUN
fbem-12589	158	73	from	from	ADP
fbem-12589	158	74	human	human	ADJ
fbem-12589	158	75	resources	resource	NOUN
fbem-12589	158	76	to	to	ADP
fbem-12589	158	77	technological	technological	ADJ
fbem-12589	158	78	innovation	innovation	NOUN
fbem-12589	158	79	or	or	CCONJ
fbem-12589	158	80	management	management	NOUN
fbem-12589	158	81	upgrading	upgrading	NOUN
fbem-12589	158	82	.	.	PUNCT
fbem-12589	159	1	4.2	4.2	NUM
fbem-12589	159	2	.	.	PUNCT
fbem-12589	160	1	multicollinearity	multicollinearity	NOUN
fbem-12589	160	2	test	test	NOUN
fbem-12589	160	3	table	table	NOUN
fbem-12589	160	4	4	4	NUM
fbem-12589	160	5	.	.	PUNCT
fbem-12589	160	6	multiple	multiple	ADJ
fbem-12589	160	7	collinearity	collinearity	NOUN
fbem-12589	160	8	test	test	NOUN
fbem-12589	160	9	for	for	ADP
fbem-12589	160	10	explanatory	explanatory	ADJ
fbem-12589	160	11	variables	variable	NOUN
fbem-12589	160	12	variable	variable	ADJ
fbem-12589	160	13	vif	vif	NOUN
fbem-12589	160	14	1	1	NUM
fbem-12589	160	15	/	/	SYM
fbem-12589	160	16	vif	vif	X
fbem-12589	160	17	the	the	DET
fbem-12589	160	18	degree	degree	NOUN
fbem-12589	160	19	of	of	ADP
fbem-12589	160	20	digital	digital	ADJ
fbem-12589	160	21	division	division	NOUN
fbem-12589	160	22	of	of	ADP
fbem-12589	160	23	labor	labor	NOUN
fbem-12589	160	24	6.29	6.29	NUM
fbem-12589	160	25	0.158932	0.158932	NUM
fbem-12589	160	26	profitability	profitability	NOUN
fbem-12589	160	27	4.40	4.40	NUM
fbem-12589	160	28	0.227224	0.227224	NUM
fbem-12589	160	29	financial	financial	ADJ
fbem-12589	160	30	risk	risk	NOUN
fbem-12589	160	31	3.63	3.63	NUM
fbem-12589	160	32	0.275835	0.275835	NUM
fbem-12589	160	33	the	the	DET
fbem-12589	160	34	intensity	intensity	NOUN
fbem-12589	160	35	of	of	ADP
fbem-12589	160	36	digital	digital	ADJ
fbem-12589	160	37	transformation	transformation	NOUN
fbem-12589	160	38	2.31	2.31	NUM
fbem-12589	160	39	0.432342	0.432342	NUM
fbem-12589	160	40	operational	operational	ADJ
fbem-12589	160	41	capability	capability	NOUN
fbem-12589	160	42	1.27	1.27	NUM
fbem-12589	160	43	0.784563	0.784563	NUM
fbem-12589	160	44	mean	mean	NOUN
fbem-12589	160	45	vif	vif	NOUN
fbem-12589	160	46	3.68	3.68	NUM
fbem-12589	160	47	due	due	ADP
fbem-12589	160	48	to	to	ADP
fbem-12589	160	49	the	the	DET
fbem-12589	160	50	indirect	indirect	ADJ
fbem-12589	160	51	impact	impact	NOUN
fbem-12589	160	52	of	of	ADP
fbem-12589	160	53	the	the	DET
fbem-12589	160	54	advancement	advancement	NOUN
fbem-12589	160	55	of	of	ADP
fbem-12589	160	56	digitalization	digitalization	NOUN
fbem-12589	160	57	,	,	PUNCT
fbem-12589	160	58	as	as	SCONJ
fbem-12589	160	59	the	the	DET
fbem-12589	160	60	division	division	NOUN
fbem-12589	160	61	of	of	ADP
fbem-12589	160	62	labor	labor	NOUN
fbem-12589	160	63	becomes	become	VERB
fbem-12589	160	64	clearer	clear	ADJ
fbem-12589	160	65	and	and	CCONJ
fbem-12589	160	66	the	the	DET
fbem-12589	160	67	intensity	intensity	NOUN
fbem-12589	160	68	of	of	ADP
fbem-12589	160	69	transformation	transformation	NOUN
fbem-12589	160	70	increases	increase	NOUN
fbem-12589	160	71	,	,	PUNCT
fbem-12589	160	72	the	the	DET
fbem-12589	160	73	application	application	NOUN
fbem-12589	160	74	of	of	ADP
fbem-12589	160	75	automation	automation	NOUN
fbem-12589	160	76	and	and	CCONJ
fbem-12589	160	77	intelligence	intelligence	NOUN
fbem-12589	160	78	in	in	ADP
fbem-12589	160	79	enterprises	enterprise	NOUN
fbem-12589	160	80	becomes	become	VERB
fbem-12589	160	81	more	more	ADV
fbem-12589	160	82	profound	profound	ADJ
fbem-12589	160	83	.	.	PUNCT
fbem-12589	161	1	the	the	DET
fbem-12589	161	2	productivity	productivity	NOUN
fbem-12589	161	3	of	of	ADP
fbem-12589	161	4	enterprises	enterprise	NOUN
fbem-12589	161	5	exceeds	exceed	VERB
fbem-12589	161	6	that	that	PRON
fbem-12589	161	7	of	of	ADP
fbem-12589	161	8	other	other	ADJ
fbem-12589	161	9	industry	industry	NOUN
fbem-12589	161	10	peers	peer	NOUN
fbem-12589	161	11	,	,	PUNCT
fbem-12589	161	12	and	and	CCONJ
fbem-12589	161	13	profits	profit	NOUN
fbem-12589	161	14	may	may	AUX
fbem-12589	161	15	increase	increase	VERB
fbem-12589	161	16	significantly	significantly	ADV
fbem-12589	161	17	,	,	PUNCT
fbem-12589	161	18	thereby	thereby	ADV
fbem-12589	161	19	affecting	affect	VERB
fbem-12589	161	20	cash	cash	NOUN
fbem-12589	161	21	flow	flow	NOUN
fbem-12589	161	22	and	and	CCONJ
fbem-12589	161	23	operational	operational	ADJ
fbem-12589	161	24	conditions	condition	NOUN
fbem-12589	161	25	.	.	PUNCT
fbem-12589	162	1	therefore	therefore	ADV
fbem-12589	162	2	,	,	PUNCT
fbem-12589	162	3	it	it	PRON
fbem-12589	162	4	is	be	AUX
fbem-12589	162	5	necessary	necessary	ADJ
fbem-12589	162	6	to	to	PART
fbem-12589	162	7	conduct	conduct	VERB
fbem-12589	162	8	multicollinearity	multicollinearity	NOUN
fbem-12589	162	9	tests	test	NOUN
fbem-12589	162	10	on	on	ADP
fbem-12589	162	11	the	the	DET
fbem-12589	162	12	explanatory	explanatory	ADJ
fbem-12589	162	13	variables	variable	NOUN
fbem-12589	162	14	of	of	ADP
fbem-12589	162	15	the	the	DET
fbem-12589	162	16	digital	digital	ADJ
fbem-12589	162	17	process	process	NOUN
fbem-12589	162	18	and	and	CCONJ
fbem-12589	162	19	profitability	profitability	NOUN
fbem-12589	162	20	,	,	PUNCT
fbem-12589	162	21	financial	financial	ADJ
fbem-12589	162	22	risk	risk	NOUN
fbem-12589	162	23	,	,	PUNCT
fbem-12589	162	24	and	and	CCONJ
fbem-12589	162	25	operational	operational	ADJ
fbem-12589	162	26	capabilities	capability	NOUN
fbem-12589	162	27	.	.	PUNCT
fbem-12589	163	1	as	as	SCONJ
fbem-12589	163	2	shown	show	VERB
fbem-12589	163	3	in	in	ADP
fbem-12589	163	4	table	table	NOUN
fbem-12589	163	5	4	4	NUM
fbem-12589	163	6	,	,	PUNCT
fbem-12589	163	7	the	the	DET
fbem-12589	163	8	vif	vif	NOUN
fbem-12589	163	9	values	value	NOUN
fbem-12589	163	10	before	before	SCONJ
fbem-12589	163	11	each	each	DET
fbem-12589	163	12	data	datum	NOUN
fbem-12589	163	13	item	item	NOUN
fbem-12589	163	14	are	be	AUX
fbem-12589	163	15	very	very	ADV
fbem-12589	163	16	low	low	ADJ
fbem-12589	163	17	,	,	PUNCT
fbem-12589	163	18	indicating	indicate	VERB
fbem-12589	163	19	a	a	DET
fbem-12589	163	20	low	low	ADJ
fbem-12589	163	21	possibility	possibility	NOUN
fbem-12589	163	22	of	of	ADP
fbem-12589	163	23	multicollinearity	multicollinearity	NOUN
fbem-12589	163	24	between	between	ADP
fbem-12589	163	25	the	the	DET
fbem-12589	163	26	data	datum	NOUN
fbem-12589	163	27	.	.	PUNCT
fbem-12589	164	1	the	the	DET
fbem-12589	164	2	explanation	explanation	NOUN
fbem-12589	164	3	for	for	ADP
fbem-12589	164	4	this	this	PRON
fbem-12589	164	5	may	may	AUX
fbem-12589	164	6	be	be	AUX
fbem-12589	164	7	that	that	SCONJ
fbem-12589	164	8	during	during	ADP
fbem-12589	164	9	the	the	DET
fbem-12589	164	10	operation	operation	NOUN
fbem-12589	164	11	of	of	ADP
fbem-12589	164	12	an	an	DET
fbem-12589	164	13	enterprise	enterprise	NOUN
fbem-12589	164	14	,	,	PUNCT
fbem-12589	164	15	its	its	PRON
fbem-12589	164	16	financial	financial	ADJ
fbem-12589	164	17	risk	risk	NOUN
fbem-12589	164	18	,	,	PUNCT
fbem-12589	164	19	profitability	profitability	NOUN
fbem-12589	164	20	,	,	PUNCT
fbem-12589	164	21	and	and	CCONJ
fbem-12589	164	22	operational	operational	ADJ
fbem-12589	164	23	capabilities	capability	NOUN
fbem-12589	164	24	also	also	ADV
fbem-12589	164	25	have	have	VERB
fbem-12589	164	26	a	a	DET
fbem-12589	164	27	certain	certain	ADJ
fbem-12589	164	28	correlation	correlation	NOUN
fbem-12589	164	29	with	with	ADP
fbem-12589	164	30	its	its	PRON
fbem-12589	164	31	industry	industry	NOUN
fbem-12589	164	32	.	.	PUNCT
fbem-12589	165	1	this	this	DET
fbem-12589	165	2	connection	connection	NOUN
fbem-12589	165	3	weakens	weaken	VERB
fbem-12589	165	4	the	the	DET
fbem-12589	165	5	impact	impact	NOUN
fbem-12589	165	6	of	of	ADP
fbem-12589	165	7	the	the	DET
fbem-12589	165	8	digital	digital	ADJ
fbem-12589	165	9	process	process	NOUN
fbem-12589	165	10	on	on	ADP
fbem-12589	165	11	its	its	PRON
fbem-12589	165	12	indicators	indicator	NOUN
fbem-12589	165	13	,	,	PUNCT
fbem-12589	165	14	weakening	weaken	VERB
fbem-12589	165	15	its	its	PRON
fbem-12589	165	16	multicollinearity	multicollinearity	NOUN
fbem-12589	165	17	.	.	PUNCT
fbem-12589	166	1	4.3	4.3	NUM
fbem-12589	166	2	.	.	PUNCT
fbem-12589	166	3	robust	robust	ADJ
fbem-12589	166	4	test	test	NOUN
fbem-12589	166	5	considering	consider	VERB
fbem-12589	166	6	the	the	DET
fbem-12589	166	7	stability	stability	NOUN
fbem-12589	166	8	of	of	ADP
fbem-12589	166	9	the	the	DET
fbem-12589	166	10	overall	overall	ADJ
fbem-12589	166	11	model	model	NOUN
fbem-12589	166	12	,	,	PUNCT
fbem-12589	166	13	this	this	DET
fbem-12589	166	14	article	article	NOUN
fbem-12589	166	15	conducts	conduct	VERB
fbem-12589	166	16	a	a	DET
fbem-12589	166	17	stability	stability	NOUN
fbem-12589	166	18	test	test	NOUN
fbem-12589	166	19	on	on	ADP
fbem-12589	166	20	the	the	DET
fbem-12589	166	21	model	model	NOUN
fbem-12589	166	22	.	.	PUNCT
fbem-12589	167	1	the	the	DET
fbem-12589	167	2	category	category	NOUN
fbem-12589	167	3	of	of	ADP
fbem-12589	167	4	stability	stability	NOUN
fbem-12589	167	5	test	test	NOUN
fbem-12589	167	6	is	be	AUX
fbem-12589	167	7	variable	variable	ADJ
fbem-12589	167	8	substitution	substitution	NOUN
fbem-12589	167	9	.	.	PUNCT
fbem-12589	168	1	the	the	DET
fbem-12589	168	2	degree	degree	NOUN
fbem-12589	168	3	of	of	ADP
fbem-12589	168	4	digital	digital	ADJ
fbem-12589	168	5	division	division	NOUN
fbem-12589	168	6	of	of	ADP
fbem-12589	168	7	labor	labor	NOUN
fbem-12589	168	8	(	(	PUNCT
fbem-12589	168	9	dod	dod	PROPN
fbem-12589	168	10	)	)	PUNCT
fbem-12589	168	11	and	and	CCONJ
fbem-12589	168	12	digital	digital	ADJ
fbem-12589	168	13	transformation	transformation	NOUN
fbem-12589	168	14	intensity	intensity	NOUN
fbem-12589	168	15	(	(	PUNCT
fbem-12589	168	16	ti	ti	NOUN
fbem-12589	168	17	)	)	PUNCT
fbem-12589	168	18	are	be	AUX
fbem-12589	168	19	replaced	replace	VERB
fbem-12589	168	20	by	by	ADP
fbem-12589	168	21	the	the	DET
fbem-12589	168	22	investment	investment	NOUN
fbem-12589	168	23	rate	rate	NOUN
fbem-12589	168	24	of	of	ADP
fbem-12589	168	25	digital	digital	ADJ
fbem-12589	168	26	transformation	transformation	NOUN
fbem-12589	168	27	projects	project	NOUN
fbem-12589	168	28	(	(	PUNCT
fbem-12589	168	29	did	do	AUX
fbem-12589	168	30	)	)	PUNCT
fbem-12589	168	31	.	.	PUNCT
fbem-12589	169	1	if	if	SCONJ
fbem-12589	169	2	a	a	DET
fbem-12589	169	3	company	company	NOUN
fbem-12589	169	4	invests	invest	VERB
fbem-12589	169	5	in	in	ADP
fbem-12589	169	6	digital	digital	ADJ
fbem-12589	169	7	transformation	transformation	NOUN
fbem-12589	169	8	projects	project	NOUN
fbem-12589	169	9	within	within	ADP
fbem-12589	169	10	a	a	DET
fbem-12589	169	11	certain	certain	ADJ
fbem-12589	169	12	period	period	NOUN
fbem-12589	169	13	of	of	ADP
fbem-12589	169	14	time	time	NOUN
fbem-12589	169	15	,	,	PUNCT
fbem-12589	169	16	it	it	PRON
fbem-12589	169	17	will	will	AUX
fbem-12589	169	18	inevitably	inevitably	ADV
fbem-12589	169	19	change	change	VERB
fbem-12589	169	20	its	its	PRON
fbem-12589	169	21	digital	digital	ADJ
fbem-12589	169	22	process	process	NOUN
fbem-12589	169	23	,	,	PUNCT
fbem-12589	169	24	including	include	VERB
fbem-12589	169	25	the	the	DET
fbem-12589	169	26	degree	degree	NOUN
fbem-12589	169	27	of	of	ADP
fbem-12589	169	28	digital	digital	ADJ
fbem-12589	169	29	division	division	NOUN
fbem-12589	169	30	of	of	ADP
fbem-12589	169	31	labor	labor	NOUN
fbem-12589	169	32	and	and	CCONJ
fbem-12589	169	33	digital	digital	ADJ
fbem-12589	169	34	transformation	transformation	NOUN
fbem-12589	169	35	intensity	intensity	NOUN
fbem-12589	169	36	.	.	PUNCT
fbem-12589	170	1	establish	establish	VERB
fbem-12589	170	2	a	a	DET
fbem-12589	170	3	stability	stability	NOUN
fbem-12589	170	4	test	test	NOUN
fbem-12589	170	5	model	model	NOUN
fbem-12589	170	6	as	as	SCONJ
fbem-12589	170	7	follows	follow	VERB
fbem-12589	170	8	,	,	PUNCT
fbem-12589	170	9	replacing	replace	VERB
fbem-12589	170	10	logdod	logdod	NOUN
fbem-12589	170	11	and	and	CCONJ
fbem-12589	170	12	logti	logti	VERB
fbem-12589	170	13	with	with	ADP
fbem-12589	170	14	logdid	logdid	ADJ
fbem-12589	170	15	:	:	PUNCT
fbem-12589	170	16	stability	stability	NOUN
fbem-12589	170	17	test	test	NOUN
fbem-12589	170	18	for	for	ADP
fbem-12589	170	19	benchmark	benchmark	ADJ
fbem-12589	170	20	regression	regression	NOUN
fbem-12589	170	21	without	without	ADP
fbem-12589	170	22	annualization	annualization	NOUN
fbem-12589	170	23	effect	effect	NOUN
fbem-12589	170	24	:	:	PUNCT
fbem-12589	170	25	𝑙𝑛	𝑙𝑛	PROPN
fbem-12589	170	26	𝜕	𝜕	PROPN
fbem-12589	170	27	𝜕	𝜕	PROPN
fbem-12589	170	28	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	170	29	𝜕	𝜕	PROPN
fbem-12589	170	30	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	170	31	𝜕	𝜕	PROPN
fbem-12589	170	32	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	170	33	𝜕	𝜕	PROPN
fbem-12589	170	34	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	170	35	𝜀	𝜀	PROPN
fbem-12589	170	36	(	(	PUNCT
fbem-12589	170	37	4	4	NUM
fbem-12589	170	38	)	)	PUNCT
fbem-12589	170	39	table	table	NOUN
fbem-12589	170	40	5	5	NUM
fbem-12589	170	41	.	.	PUNCT
fbem-12589	170	42	stability	stability	NOUN
fbem-12589	170	43	test	test	NOUN
fbem-12589	170	44	(	(	PUNCT
fbem-12589	170	45	substitution	substitution	NOUN
fbem-12589	170	46	variable	variable	ADJ
fbem-12589	170	47	method	method	NOUN
fbem-12589	170	48	)	)	PUNCT
fbem-12589	170	49	without	without	ADP
fbem-12589	170	50	annualization	annualization	NOUN
fbem-12589	170	51	effect	effect	PROPN
fbem-12589	170	52	loggrona	loggrona	PROPN
fbem-12589	170	53	coef	coef	PROPN
fbem-12589	170	54	.	.	PUNCT
fbem-12589	171	1	std	std	NOUN
fbem-12589	171	2	.	.	PUNCT
fbem-12589	172	1	err	err	NOUN
fbem-12589	172	2	.	.	PUNCT
fbem-12589	173	1	t	t	PROPN
fbem-12589	173	2	p>|t|	p>|t|	PROPN
fbem-12589	173	3	logdid	logdid	VERB
fbem-12589	173	4	0.0911717	0.0911717	NUM
fbem-12589	173	5	0.0083192	0.0083192	NUM
fbem-12589	173	6	10.96	10.96	NUM
fbem-12589	173	7	0.000	0.000	NUM
fbem-12589	173	8	*	*	PUNCT
fbem-12589	173	9	*	*	PUNCT
fbem-12589	173	10	*	*	PUNCT
fbem-12589	173	11	logfr	logfr	ADJ
fbem-12589	173	12	0.0771229	0.0771229	NUM
fbem-12589	173	13	0.0097979	0.0097979	NUM
fbem-12589	173	14	7.87	7.87	NUM
fbem-12589	173	15	0.000	0.000	NUM
fbem-12589	173	16	*	*	PUNCT
fbem-12589	173	17	*	*	PUNCT
fbem-12589	173	18	*	*	PUNCT
fbem-12589	173	19	logaoe	logaoe	VERB
fbem-12589	173	20	0.7011401	0.7011401	NUM
fbem-12589	173	21	0.0176919	0.0176919	NUM
fbem-12589	173	22	39.63	39.63	NUM
fbem-12589	173	23	0.000	0.000	NUM
fbem-12589	173	24	*	*	PUNCT
fbem-12589	173	25	*	*	PUNCT
fbem-12589	173	26	*	*	PUNCT
fbem-12589	173	27	logaoo	logaoo	NOUN
fbem-12589	173	28	0.1552305	0.1552305	NUM
fbem-12589	173	29	0.0160733	0.0160733	NUM
fbem-12589	173	30	9.66	9.66	NUM
fbem-12589	173	31	0.000	0.000	NUM
fbem-12589	173	32	*	*	PUNCT
fbem-12589	173	33	*	*	PUNCT
fbem-12589	173	34	*	*	NOUN
fbem-12589	173	35	cons	con	NOUN
fbem-12589	173	36	-2.787142	-2.787142	PROPN
fbem-12589	173	37	0.0316929	0.0316929	NUM
fbem-12589	173	38	-87.94	-87.94	PUNCT
fbem-12589	174	1	0.000	0.000	NUM
fbem-12589	174	2	*	*	PUNCT
fbem-12589	174	3	*	*	PUNCT
fbem-12589	174	4	*	*	PUNCT
fbem-12589	174	5	r	r	X
fbem-12589	174	6	-	-	PUNCT
fbem-12589	174	7	sq	sq	ADJ
fbem-12589	174	8	0.8817	0.8817	NUM
fbem-12589	174	9	note	note	NOUN
fbem-12589	174	10	:	:	PUNCT
fbem-12589	174	11	*	*	PUNCT
fbem-12589	174	12	*	*	PUNCT
fbem-12589	174	13	*	*	PUNCT
fbem-12589	174	14	,	,	PUNCT
fbem-12589	174	15	*	*	PUNCT
fbem-12589	174	16	*	*	PUNCT
fbem-12589	174	17	,	,	PUNCT
fbem-12589	174	18	and	and	CCONJ
fbem-12589	174	19	*	*	AUX
fbem-12589	174	20	represent	represent	VERB
fbem-12589	174	21	passing	pass	VERB
fbem-12589	174	22	the	the	DET
fbem-12589	174	23	test	test	NOUN
fbem-12589	174	24	at	at	ADP
fbem-12589	174	25	the	the	DET
fbem-12589	174	26	significance	significance	NOUN
fbem-12589	174	27	levels	level	NOUN
fbem-12589	174	28	of	of	ADP
fbem-12589	174	29	1	1	NUM
fbem-12589	174	30	%	%	NOUN
fbem-12589	174	31	,	,	PUNCT
fbem-12589	174	32	5	5	NUM
fbem-12589	174	33	%	%	NOUN
fbem-12589	174	34	,	,	PUNCT
fbem-12589	174	35	and	and	CCONJ
fbem-12589	174	36	10	10	NUM
fbem-12589	174	37	%	%	NOUN
fbem-12589	174	38	respectively	respectively	ADV
fbem-12589	174	39	.	.	PUNCT
fbem-12589	175	1	from	from	ADP
fbem-12589	175	2	table	table	NOUN
fbem-12589	175	3	5	5	NUM
fbem-12589	175	4	,	,	PUNCT
fbem-12589	175	5	we	we	PRON
fbem-12589	175	6	can	can	AUX
fbem-12589	175	7	see	see	VERB
fbem-12589	175	8	that	that	SCONJ
fbem-12589	175	9	the	the	DET
fbem-12589	175	10	goodness	goodness	NOUN
fbem-12589	175	11	of	of	ADP
fbem-12589	175	12	fit	fit	NOUN
fbem-12589	175	13	of	of	ADP
fbem-12589	175	14	the	the	DET
fbem-12589	175	15	stability	stability	NOUN
fbem-12589	175	16	test	test	NOUN
fbem-12589	175	17	model	model	NOUN
fbem-12589	175	18	is	be	AUX
fbem-12589	175	19	0.88	0.88	NUM
fbem-12589	175	20	,	,	PUNCT
fbem-12589	175	21	indicating	indicate	VERB
fbem-12589	175	22	a	a	DET
fbem-12589	175	23	very	very	ADV
fbem-12589	175	24	high	high	ADJ
fbem-12589	175	25	overall	overall	ADJ
fbem-12589	175	26	fit	fit	ADJ
fbem-12589	175	27	and	and	CCONJ
fbem-12589	175	28	passing	pass	VERB
fbem-12589	175	29	the	the	DET
fbem-12589	175	30	stability	stability	NOUN
fbem-12589	175	31	test	test	NOUN
fbem-12589	175	32	.	.	PUNCT
fbem-12589	176	1	the	the	DET
fbem-12589	176	2	study	study	NOUN
fbem-12589	176	3	found	find	VERB
fbem-12589	176	4	that	that	SCONJ
fbem-12589	176	5	the	the	DET
fbem-12589	176	6	p	p	ADJ
fbem-12589	176	7	-	-	PUNCT
fbem-12589	176	8	value	value	NOUN
fbem-12589	176	9	test	test	NOUN
fbem-12589	176	10	for	for	ADP
fbem-12589	176	11	the	the	DET
fbem-12589	176	12	investment	investment	NOUN
fbem-12589	176	13	rate	rate	NOUN
fbem-12589	176	14	(	(	PUNCT
fbem-12589	176	15	did	do	AUX
fbem-12589	176	16	)	)	PUNCT
fbem-12589	176	17	of	of	ADP
fbem-12589	176	18	digital	digital	ADJ
fbem-12589	176	19	transformation	transformation	NOUN
fbem-12589	176	20	projects	project	NOUN
fbem-12589	176	21	,	,	PUNCT
fbem-12589	176	22	which	which	PRON
fbem-12589	176	23	is	be	AUX
fbem-12589	176	24	used	use	VERB
fbem-12589	176	25	to	to	PART
fbem-12589	176	26	replace	replace	VERB
fbem-12589	176	27	the	the	DET
fbem-12589	176	28	degree	degree	NOUN
fbem-12589	176	29	of	of	ADP
fbem-12589	176	30	digital	digital	ADJ
fbem-12589	176	31	division	division	NOUN
fbem-12589	176	32	of	of	ADP
fbem-12589	176	33	labor	labor	NOUN
fbem-12589	176	34	(	(	PUNCT
fbem-12589	176	35	dod	dod	PROPN
fbem-12589	176	36	)	)	PUNCT
fbem-12589	176	37	and	and	CCONJ
fbem-12589	176	38	the	the	DET
fbem-12589	176	39	intensity	intensity	NOUN
fbem-12589	176	40	of	of	ADP
fbem-12589	176	41	digital	digital	ADJ
fbem-12589	176	42	transformation	transformation	NOUN
fbem-12589	176	43	(	(	PUNCT
fbem-12589	176	44	ti	ti	NOUN
fbem-12589	176	45	)	)	PUNCT
fbem-12589	176	46	,	,	PUNCT
fbem-12589	176	47	passed	pass	VERB
fbem-12589	176	48	,	,	PUNCT
fbem-12589	176	49	with	with	ADP
fbem-12589	176	50	a	a	DET
fbem-12589	176	51	t	t	NOUN
fbem-12589	176	52	-	-	PUNCT
fbem-12589	176	53	value	value	NOUN
fbem-12589	176	54	of	of	ADP
fbem-12589	176	55	10.96	10.96	NUM
fbem-12589	176	56	and	and	CCONJ
fbem-12589	176	57	an	an	DET
fbem-12589	176	58	elasticity	elasticity	NOUN
fbem-12589	176	59	coefficient	coefficient	NOUN
fbem-12589	176	60	of	of	ADP
fbem-12589	176	61	0.09	0.09	NUM
fbem-12589	176	62	.	.	PUNCT
fbem-12589	177	1	on	on	ADP
fbem-12589	177	2	the	the	DET
fbem-12589	177	3	one	one	NUM
fbem-12589	177	4	hand	hand	NOUN
fbem-12589	177	5	,	,	PUNCT
fbem-12589	177	6	this	this	DET
fbem-12589	177	7	test	test	NOUN
fbem-12589	177	8	model	model	NOUN
fbem-12589	177	9	verifies	verifie	NOUN
fbem-12589	177	10	that	that	PRON
fbem-12589	177	11	digital	digital	ADJ
fbem-12589	177	12	reform	reform	NOUN
fbem-12589	177	13	has	have	VERB
fbem-12589	177	14	a	a	DET
fbem-12589	177	15	positive	positive	ADJ
fbem-12589	177	16	promoting	promote	VERB
fbem-12589	177	17	effect	effect	NOUN
fbem-12589	177	18	on	on	ADP
fbem-12589	177	19	the	the	DET
fbem-12589	177	20	growth	growth	NOUN
fbem-12589	177	21	and	and	CCONJ
fbem-12589	177	22	development	development	NOUN
fbem-12589	177	23	of	of	ADP
fbem-12589	177	24	enterprises	enterprise	NOUN
fbem-12589	177	25	.	.	PUNCT
fbem-12589	178	1	from	from	ADP
fbem-12589	178	2	the	the	DET
fbem-12589	178	3	perspective	perspective	NOUN
fbem-12589	178	4	of	of	ADP
fbem-12589	178	5	investment	investment	NOUN
fbem-12589	178	6	rate	rate	NOUN
fbem-12589	178	7	of	of	ADP
fbem-12589	178	8	digital	digital	ADJ
fbem-12589	178	9	transformation	transformation	NOUN
fbem-12589	178	10	projects	project	NOUN
fbem-12589	178	11	,	,	PUNCT
fbem-12589	178	12	the	the	DET
fbem-12589	178	13	more	more	ADJ
fbem-12589	178	14	investment	investment	NOUN
fbem-12589	178	15	a	a	DET
fbem-12589	178	16	company	company	NOUN
fbem-12589	178	17	makes	make	VERB
fbem-12589	178	18	in	in	ADP
fbem-12589	178	19	digital	digital	ADJ
fbem-12589	178	20	transformation	transformation	NOUN
fbem-12589	178	21	projects	project	NOUN
fbem-12589	178	22	,	,	PUNCT
fbem-12589	178	23	the	the	PRON
fbem-12589	178	24	better	well	ADJ
fbem-12589	178	25	its	its	PRON
fbem-12589	178	26	subsequent	subsequent	ADJ
fbem-12589	178	27	development	development	NOUN
fbem-12589	178	28	level	level	NOUN
fbem-12589	178	29	;	;	PUNCT
fbem-12589	178	30	on	on	ADP
fbem-12589	178	31	the	the	DET
fbem-12589	178	32	other	other	ADJ
fbem-12589	178	33	hand	hand	NOUN
fbem-12589	178	34	,	,	PUNCT
fbem-12589	178	35	due	due	ADP
fbem-12589	178	36	to	to	ADP
fbem-12589	178	37	the	the	DET
fbem-12589	178	38	substitution	substitution	NOUN
fbem-12589	178	39	of	of	ADP
fbem-12589	178	40	variables	variable	NOUN
fbem-12589	178	41	,	,	PUNCT
fbem-12589	178	42	although	although	SCONJ
fbem-12589	178	43	the	the	DET
fbem-12589	178	44	overall	overall	ADJ
fbem-12589	178	45	model	model	NOUN
fbem-12589	178	46	passed	pass	VERB
fbem-12589	178	47	the	the	DET
fbem-12589	178	48	test	test	NOUN
fbem-12589	178	49	,	,	PUNCT
fbem-12589	178	50	in	in	ADP
fbem-12589	178	51	the	the	DET
fbem-12589	178	52	stability	stability	NOUN
fbem-12589	178	53	test	test	NOUN
fbem-12589	178	54	model	model	NOUN
fbem-12589	178	55	,	,	PUNCT
fbem-12589	178	56	the	the	DET
fbem-12589	178	57	contribution	contribution	NOUN
fbem-12589	178	58	coefficient	coefficient	NOUN
fbem-12589	178	59	of	of	ADP
fbem-12589	178	60	profitability	profitability	NOUN
fbem-12589	178	61	reached	reach	VERB
fbem-12589	178	62	0.70	0.70	NUM
fbem-12589	178	63	,	,	PUNCT
fbem-12589	178	64	and	and	CCONJ
fbem-12589	178	65	the	the	DET
fbem-12589	178	66	elasticity	elasticity	NOUN
fbem-12589	178	67	coefficient	coefficient	NOUN
fbem-12589	178	68	is	be	AUX
fbem-12589	178	69	not	not	PART
fbem-12589	178	70	equal	equal	ADJ
fbem-12589	178	71	to	to	ADP
fbem-12589	178	72	the	the	DET
fbem-12589	178	73	sum	sum	NOUN
fbem-12589	178	74	of	of	ADP
fbem-12589	178	75	the	the	DET
fbem-12589	178	76	previous	previous	ADJ
fbem-12589	178	77	two	two	NUM
fbem-12589	178	78	.	.	PUNCT
fbem-12589	179	1	to	to	ADP
fbem-12589	179	2	some	some	DET
fbem-12589	179	3	extent	extent	NOUN
fbem-12589	179	4	,	,	PUNCT
fbem-12589	179	5	the	the	DET
fbem-12589	179	6	problems	problem	NOUN
fbem-12589	179	7	in	in	ADP
fbem-12589	179	8	digital	digital	ADJ
fbem-12589	179	9	transformation	transformation	NOUN
fbem-12589	179	10	are	be	AUX
fbem-12589	179	11	related	relate	VERB
fbem-12589	179	12	to	to	ADP
fbem-12589	179	13	the	the	DET
fbem-12589	179	14	profitability	profitability	NOUN
fbem-12589	179	15	of	of	ADP
fbem-12589	179	16	the	the	DET
fbem-12589	179	17	enterprise	enterprise	NOUN
fbem-12589	179	18	.	.	PUNCT
fbem-12589	180	1	stability	stability	NOUN
fbem-12589	180	2	test	test	NOUN
fbem-12589	180	3	for	for	ADP
fbem-12589	180	4	benchmark	benchmark	ADJ
fbem-12589	180	5	regression	regression	NOUN
fbem-12589	180	6	with	with	ADP
fbem-12589	180	7	annualized	annualize	VERB
fbem-12589	180	8	effects	effect	NOUN
fbem-12589	180	9	:	:	PUNCT
fbem-12589	180	10	𝑙𝑛	𝑙𝑛	PROPN
fbem-12589	180	11	𝜕	𝜕	PROPN
fbem-12589	180	12	𝜕	𝜕	PROPN
fbem-12589	180	13	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	180	14	𝜕	𝜕	PROPN
fbem-12589	180	15	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	180	16	𝜕	𝜕	PROPN
fbem-12589	180	17	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	180	18	𝜕	𝜕	PROPN
fbem-12589	180	19	𝑙𝑛	𝑙𝑛	NOUN
fbem-12589	180	20	𝑖	𝑖	SYM
fbem-12589	180	21	∗	∗	PROPN
fbem-12589	180	22	𝑌𝐸𝐴𝑅	𝑌𝐸𝐴𝑅	PROPN
fbem-12589	180	23	𝜀	𝜀	PROPN
fbem-12589	180	24	(	(	PUNCT
fbem-12589	180	25	5	5	NUM
fbem-12589	180	26	)	)	PUNCT
fbem-12589	180	27	201	201	NUM
fbem-12589	180	28	table	table	NOUN
fbem-12589	180	29	6	6	NUM
fbem-12589	180	30	.	.	PUNCT
fbem-12589	180	31	stability	stability	NOUN
fbem-12589	180	32	test	test	NOUN
fbem-12589	180	33	(	(	PUNCT
fbem-12589	180	34	replacement	replacement	NOUN
fbem-12589	180	35	variable	variable	ADJ
fbem-12589	180	36	method	method	NOUN
fbem-12589	180	37	)	)	PUNCT
fbem-12589	180	38	with	with	ADP
fbem-12589	180	39	annualized	annualize	VERB
fbem-12589	180	40	effect	effect	NOUN
fbem-12589	180	41	loggrona	loggrona	PROPN
fbem-12589	180	42	coef	coef	PROPN
fbem-12589	180	43	.	.	PUNCT
fbem-12589	181	1	std	std	NOUN
fbem-12589	181	2	.	.	PUNCT
fbem-12589	182	1	err	err	NOUN
fbem-12589	182	2	.	.	PUNCT
fbem-12589	183	1	t	t	PROPN
fbem-12589	183	2	p>|t|	p>|t|	PROPN
fbem-12589	183	3	logdid	logdid	VERB
fbem-12589	183	4	0.0583113	0.0583113	NUM
fbem-12589	183	5	0.0081764	0.0081764	NUM
fbem-12589	183	6	7.13	7.13	NUM
fbem-12589	183	7	0.000	0.000	NUM
fbem-12589	183	8	*	*	PUNCT
fbem-12589	183	9	*	*	PUNCT
fbem-12589	183	10	*	*	PUNCT
fbem-12589	183	11	logfr	logfr	VERB
fbem-12589	183	12	0.0324158	0.0324158	NUM
fbem-12589	183	13	0.0097129	0.0097129	NUM
fbem-12589	183	14	3.34	3.34	NUM
fbem-12589	183	15	0.001	0.001	NUM
fbem-12589	183	16	*	*	PUNCT
fbem-12589	183	17	*	*	PUNCT
fbem-12589	183	18	*	*	PUNCT
fbem-12589	183	19	logaoe	logaoe	NOUN
fbem-12589	183	20	0.1247283	0.1247283	NUM
fbem-12589	183	21	0.0340091	0.0340091	NUM
fbem-12589	183	22	3.67	3.67	NUM
fbem-12589	183	23	0.000	0.000	NUM
fbem-12589	183	24	*	*	PUNCT
fbem-12589	183	25	*	*	PUNCT
fbem-12589	183	26	*	*	PUNCT
fbem-12589	183	27	logaoo	logaoo	VERB
fbem-12589	183	28	0.0142464	0.0142464	NUM
fbem-12589	183	29	0.017057	0.017057	NUM
fbem-12589	183	30	0.84	0.84	NUM
fbem-12589	183	31	0.404	0.404	NUM
fbem-12589	183	32	year	year	NOUN
fbem-12589	183	33	2017	2017	NUM
fbem-12589	183	34	1.141014	1.141014	NUM
fbem-12589	183	35	0.0558699	0.0558699	NUM
fbem-12589	183	36	20.42	20.42	NUM
fbem-12589	183	37	0.000	0.000	NUM
fbem-12589	183	38	*	*	PUNCT
fbem-12589	183	39	*	*	PUNCT
fbem-12589	183	40	*	*	PUNCT
fbem-12589	183	41	2018	2018	NUM
fbem-12589	184	1	1.390579	1.390579	NUM
fbem-12589	184	2	0.0714899	0.0714899	NUM
fbem-12589	184	3	19.45	19.45	NUM
fbem-12589	184	4	0.000	0.000	NUM
fbem-12589	184	5	*	*	PUNCT
fbem-12589	184	6	*	*	PUNCT
fbem-12589	184	7	*	*	X
fbem-12589	184	8	2019	2019	NUM
fbem-12589	184	9	1.615086	1.615086	NUM
fbem-12589	184	10	0.0826097	0.0826097	NUM
fbem-12589	184	11	19.55	19.55	NUM
fbem-12589	184	12	0.000	0.000	NUM
fbem-12589	184	13	*	*	PUNCT
fbem-12589	184	14	*	*	PUNCT
fbem-12589	184	15	*	*	PUNCT
fbem-12589	184	16	2020	2020	NUM
fbem-12589	184	17	1.794525	1.794525	NUM
fbem-12589	184	18	0.0913232	0.0913232	NUM
fbem-12589	184	19	19.65	19.65	NUM
fbem-12589	184	20	0.000	0.000	NUM
fbem-12589	184	21	*	*	PUNCT
fbem-12589	184	22	*	*	PUNCT
fbem-12589	184	23	*	*	PUNCT
fbem-12589	184	24	cons	con	NOUN
fbem-12589	184	25	-3.360588	-3.360588	PUNCT
fbem-12589	184	26	0.0419137	0.0419137	NUM
fbem-12589	184	27	-80.18	-80.18	PUNCT
fbem-12589	185	1	0.000	0.000	NUM
fbem-12589	185	2	*	*	PUNCT
fbem-12589	185	3	*	*	PUNCT
fbem-12589	185	4	*	*	PUNCT
fbem-12589	185	5	r	r	X
fbem-12589	185	6	-	-	PUNCT
fbem-12589	185	7	sq	sq	ADJ
fbem-12589	185	8	0.8904	0.8904	NUM
fbem-12589	185	9	note	note	NOUN
fbem-12589	185	10	:	:	PUNCT
fbem-12589	185	11	*	*	PUNCT
fbem-12589	185	12	*	*	PUNCT
fbem-12589	185	13	*	*	PUNCT
fbem-12589	185	14	,	,	PUNCT
fbem-12589	185	15	*	*	PUNCT
fbem-12589	185	16	*	*	PUNCT
fbem-12589	185	17	,	,	PUNCT
fbem-12589	185	18	and	and	CCONJ
fbem-12589	185	19	*	*	AUX
fbem-12589	185	20	represent	represent	VERB
fbem-12589	185	21	passing	pass	VERB
fbem-12589	185	22	the	the	DET
fbem-12589	185	23	test	test	NOUN
fbem-12589	185	24	at	at	ADP
fbem-12589	185	25	the	the	DET
fbem-12589	185	26	significance	significance	NOUN
fbem-12589	185	27	levels	level	NOUN
fbem-12589	185	28	of	of	ADP
fbem-12589	185	29	1	1	NUM
fbem-12589	185	30	%	%	NOUN
fbem-12589	185	31	,	,	PUNCT
fbem-12589	185	32	5	5	NUM
fbem-12589	185	33	%	%	NOUN
fbem-12589	185	34	,	,	PUNCT
fbem-12589	185	35	and	and	CCONJ
fbem-12589	185	36	10	10	NUM
fbem-12589	185	37	%	%	NOUN
fbem-12589	185	38	respectively	respectively	ADV
fbem-12589	185	39	.	.	PUNCT
fbem-12589	186	1	from	from	ADP
fbem-12589	186	2	table	table	NOUN
fbem-12589	186	3	6	6	NUM
fbem-12589	186	4	,	,	PUNCT
fbem-12589	186	5	we	we	PRON
fbem-12589	186	6	can	can	AUX
fbem-12589	186	7	see	see	VERB
fbem-12589	186	8	that	that	SCONJ
fbem-12589	186	9	the	the	DET
fbem-12589	186	10	goodness	goodness	NOUN
fbem-12589	186	11	of	of	ADP
fbem-12589	186	12	fit	fit	NOUN
fbem-12589	186	13	of	of	ADP
fbem-12589	186	14	the	the	DET
fbem-12589	186	15	stability	stability	NOUN
fbem-12589	186	16	test	test	NOUN
fbem-12589	186	17	model	model	NOUN
fbem-12589	186	18	is	be	AUX
fbem-12589	186	19	0.89	0.89	NUM
fbem-12589	186	20	,	,	PUNCT
fbem-12589	186	21	indicating	indicate	VERB
fbem-12589	186	22	a	a	DET
fbem-12589	186	23	very	very	ADV
fbem-12589	186	24	high	high	ADJ
fbem-12589	186	25	overall	overall	ADJ
fbem-12589	186	26	fit	fit	ADJ
fbem-12589	186	27	and	and	CCONJ
fbem-12589	186	28	passing	pass	VERB
fbem-12589	186	29	the	the	DET
fbem-12589	186	30	stability	stability	NOUN
fbem-12589	186	31	test	test	NOUN
fbem-12589	186	32	.	.	PUNCT
fbem-12589	187	1	after	after	ADP
fbem-12589	187	2	introducing	introduce	VERB
fbem-12589	187	3	variables	variable	NOUN
fbem-12589	187	4	into	into	ADP
fbem-12589	187	5	the	the	DET
fbem-12589	187	6	benchmark	benchmark	ADJ
fbem-12589	187	7	regression	regression	NOUN
fbem-12589	187	8	with	with	ADP
fbem-12589	187	9	annualized	annualize	VERB
fbem-12589	187	10	effects	effect	NOUN
fbem-12589	187	11	,	,	PUNCT
fbem-12589	187	12	examine	examine	VERB
fbem-12589	187	13	whether	whether	SCONJ
fbem-12589	187	14	the	the	DET
fbem-12589	187	15	annualized	annualize	VERB
fbem-12589	187	16	effect	effect	NOUN
fbem-12589	187	17	still	still	ADV
fbem-12589	187	18	exists	exist	VERB
fbem-12589	187	19	.	.	PUNCT
fbem-12589	188	1	research	research	NOUN
fbem-12589	188	2	has	have	AUX
fbem-12589	188	3	found	find	VERB
fbem-12589	188	4	that	that	SCONJ
fbem-12589	188	5	the	the	DET
fbem-12589	188	6	annualization	annualization	NOUN
fbem-12589	188	7	effect	effect	NOUN
fbem-12589	188	8	still	still	ADV
fbem-12589	188	9	exists	exist	VERB
fbem-12589	188	10	,	,	PUNCT
fbem-12589	188	11	indicating	indicate	VERB
fbem-12589	188	12	that	that	SCONJ
fbem-12589	188	13	the	the	DET
fbem-12589	188	14	digital	digital	ADJ
fbem-12589	188	15	reform	reform	NOUN
fbem-12589	188	16	policies	policy	NOUN
fbem-12589	188	17	formulated	formulate	VERB
fbem-12589	188	18	by	by	ADP
fbem-12589	188	19	the	the	DET
fbem-12589	188	20	government	government	NOUN
fbem-12589	188	21	have	have	AUX
fbem-12589	188	22	promoted	promote	VERB
fbem-12589	188	23	the	the	DET
fbem-12589	188	24	development	development	NOUN
fbem-12589	188	25	of	of	ADP
fbem-12589	188	26	the	the	DET
fbem-12589	188	27	real	real	ADJ
fbem-12589	188	28	economy	economy	NOUN
fbem-12589	188	29	.	.	PUNCT
fbem-12589	189	1	the	the	DET
fbem-12589	189	2	annualized	annualize	VERB
fbem-12589	189	3	effects	effect	NOUN
fbem-12589	189	4	from	from	ADP
fbem-12589	189	5	2017	2017	NUM
fbem-12589	189	6	to	to	ADP
fbem-12589	189	7	2020	2020	NUM
fbem-12589	189	8	were	be	AUX
fbem-12589	189	9	1.14	1.14	NUM
fbem-12589	189	10	,	,	PUNCT
fbem-12589	189	11	1.39	1.39	NUM
fbem-12589	189	12	,	,	PUNCT
fbem-12589	189	13	1.61	1.61	NUM
fbem-12589	189	14	,	,	PUNCT
fbem-12589	189	15	and	and	CCONJ
fbem-12589	189	16	1.79	1.79	NUM
fbem-12589	189	17	,	,	PUNCT
fbem-12589	189	18	respectively	respectively	ADV
fbem-12589	189	19	,	,	PUNCT
fbem-12589	189	20	and	and	CCONJ
fbem-12589	189	21	all	all	DET
fbem-12589	189	22	p	p	ADJ
fbem-12589	189	23	-	-	PUNCT
fbem-12589	189	24	value	value	NOUN
fbem-12589	189	25	tests	test	NOUN
fbem-12589	189	26	passed	pass	VERB
fbem-12589	189	27	.	.	PUNCT
fbem-12589	190	1	the	the	DET
fbem-12589	190	2	trend	trend	NOUN
fbem-12589	190	3	of	of	ADP
fbem-12589	190	4	the	the	DET
fbem-12589	190	5	aging	age	VERB
fbem-12589	190	6	effect	effect	NOUN
fbem-12589	190	7	in	in	ADP
fbem-12589	190	8	table	table	NOUN
fbem-12589	190	9	3	3	NUM
fbem-12589	190	10	is	be	AUX
fbem-12589	190	11	the	the	DET
fbem-12589	190	12	same	same	ADJ
fbem-12589	190	13	as	as	ADP
fbem-12589	190	14	before	before	ADV
fbem-12589	190	15	,	,	PUNCT
fbem-12589	190	16	indicating	indicate	VERB
fbem-12589	190	17	that	that	SCONJ
fbem-12589	190	18	the	the	DET
fbem-12589	190	19	policy	policy	NOUN
fbem-12589	190	20	dividend	dividend	NOUN
fbem-12589	190	21	brought	bring	VERB
fbem-12589	190	22	by	by	ADP
fbem-12589	190	23	digital	digital	ADJ
fbem-12589	190	24	policies	policy	NOUN
fbem-12589	190	25	to	to	ADP
fbem-12589	190	26	enterprises	enterprise	NOUN
fbem-12589	190	27	every	every	DET
fbem-12589	190	28	year	year	NOUN
fbem-12589	190	29	is	be	AUX
fbem-12589	190	30	accelerating	accelerate	VERB
fbem-12589	190	31	.	.	PUNCT
fbem-12589	191	1	5	5	X
fbem-12589	191	2	.	.	X
fbem-12589	191	3	conclusion	conclusion	NOUN
fbem-12589	191	4	and	and	CCONJ
fbem-12589	191	5	inspiration	inspiration	NOUN
fbem-12589	191	6	5.1	5.1	NUM
fbem-12589	191	7	.	.	PUNCT
fbem-12589	192	1	conclusion	conclusion	NOUN
fbem-12589	192	2	the	the	DET
fbem-12589	192	3	digital	digital	ADJ
fbem-12589	192	4	economy	economy	NOUN
fbem-12589	192	5	is	be	AUX
fbem-12589	192	6	the	the	DET
fbem-12589	192	7	trend	trend	NOUN
fbem-12589	192	8	of	of	ADP
fbem-12589	192	9	the	the	DET
fbem-12589	192	10	times	time	NOUN
fbem-12589	192	11	,	,	PUNCT
fbem-12589	192	12	an	an	DET
fbem-12589	192	13	important	important	ADJ
fbem-12589	192	14	driving	driving	NOUN
fbem-12589	192	15	force	force	NOUN
fbem-12589	192	16	for	for	ADP
fbem-12589	192	17	the	the	DET
fbem-12589	192	18	future	future	ADJ
fbem-12589	192	19	development	development	NOUN
fbem-12589	192	20	of	of	ADP
fbem-12589	192	21	the	the	DET
fbem-12589	192	22	country	country	NOUN
fbem-12589	192	23	,	,	PUNCT
fbem-12589	192	24	and	and	CCONJ
fbem-12589	192	25	a	a	DET
fbem-12589	192	26	key	key	ADJ
fbem-12589	192	27	focus	focus	NOUN
fbem-12589	192	28	of	of	ADP
fbem-12589	192	29	attention	attention	NOUN
fbem-12589	192	30	in	in	ADP
fbem-12589	192	31	the	the	DET
fbem-12589	192	32	19th	19th	ADJ
fbem-12589	192	33	national	national	ADJ
fbem-12589	192	34	congress	congress	PROPN
fbem-12589	192	35	economic	economic	ADJ
fbem-12589	192	36	report	report	NOUN
fbem-12589	192	37	.	.	PUNCT
fbem-12589	193	1	china	china	PROPN
fbem-12589	193	2	attaches	attach	VERB
fbem-12589	193	3	great	great	ADJ
fbem-12589	193	4	importance	importance	NOUN
fbem-12589	193	5	to	to	ADP
fbem-12589	193	6	the	the	DET
fbem-12589	193	7	digitalization	digitalization	NOUN
fbem-12589	193	8	of	of	ADP
fbem-12589	193	9	enterprise	enterprise	NOUN
fbem-12589	193	10	development	development	NOUN
fbem-12589	193	11	,	,	PUNCT
fbem-12589	193	12	thereby	thereby	ADV
fbem-12589	193	13	promoting	promote	VERB
fbem-12589	193	14	the	the	DET
fbem-12589	193	15	automation	automation	NOUN
fbem-12589	193	16	and	and	CCONJ
fbem-12589	193	17	intelligence	intelligence	NOUN
fbem-12589	193	18	of	of	ADP
fbem-12589	193	19	enterprise	enterprise	NOUN
fbem-12589	193	20	operations	operation	NOUN
fbem-12589	193	21	,	,	PUNCT
fbem-12589	193	22	and	and	CCONJ
fbem-12589	193	23	strengthening	strengthen	VERB
fbem-12589	193	24	the	the	DET
fbem-12589	193	25	innovation	innovation	NOUN
fbem-12589	193	26	ability	ability	NOUN
fbem-12589	193	27	and	and	CCONJ
fbem-12589	193	28	profitability	profitability	NOUN
fbem-12589	193	29	of	of	ADP
fbem-12589	193	30	enterprises	enterprise	NOUN
fbem-12589	193	31	.	.	PUNCT
fbem-12589	194	1	in	in	ADP
fbem-12589	194	2	some	some	DET
fbem-12589	194	3	industries	industry	NOUN
fbem-12589	194	4	where	where	SCONJ
fbem-12589	194	5	science	science	NOUN
fbem-12589	194	6	and	and	CCONJ
fbem-12589	194	7	technology	technology	NOUN
fbem-12589	194	8	are	be	AUX
fbem-12589	194	9	stuck	stick	VERB
fbem-12589	194	10	,	,	PUNCT
fbem-12589	194	11	such	such	ADJ
fbem-12589	194	12	as	as	ADP
fbem-12589	194	13	chips	chip	NOUN
fbem-12589	194	14	and	and	CCONJ
fbem-12589	194	15	semiconductors	semiconductor	NOUN
fbem-12589	194	16	,	,	PUNCT
fbem-12589	194	17	promoting	promote	VERB
fbem-12589	194	18	the	the	DET
fbem-12589	194	19	integration	integration	NOUN
fbem-12589	194	20	of	of	ADP
fbem-12589	194	21	enterprises	enterprise	NOUN
fbem-12589	194	22	and	and	CCONJ
fbem-12589	194	23	digitization	digitization	NOUN
fbem-12589	194	24	is	be	AUX
fbem-12589	194	25	a	a	DET
fbem-12589	194	26	necessary	necessary	ADJ
fbem-12589	194	27	path	path	NOUN
fbem-12589	194	28	.	.	PUNCT
fbem-12589	195	1	in	in	ADP
fbem-12589	195	2	the	the	DET
fbem-12589	195	3	process	process	NOUN
fbem-12589	195	4	of	of	ADP
fbem-12589	195	5	digitalization	digitalization	NOUN
fbem-12589	195	6	,	,	PUNCT
fbem-12589	195	7	enterprises	enterprise	NOUN
fbem-12589	195	8	can	can	AUX
fbem-12589	195	9	improve	improve	VERB
fbem-12589	195	10	their	their	PRON
fbem-12589	195	11	value	value	NOUN
fbem-12589	195	12	chain	chain	NOUN
fbem-12589	195	13	in	in	ADP
fbem-12589	195	14	two	two	NUM
fbem-12589	195	15	ways	way	NOUN
fbem-12589	195	16	.	.	PUNCT
fbem-12589	196	1	the	the	DET
fbem-12589	196	2	first	first	ADJ
fbem-12589	196	3	is	be	AUX
fbem-12589	196	4	to	to	PART
fbem-12589	196	5	embed	embed	VERB
fbem-12589	196	6	and	and	CCONJ
fbem-12589	196	7	upgrade	upgrade	VERB
fbem-12589	196	8	from	from	ADP
fbem-12589	196	9	the	the	DET
fbem-12589	196	10	low	low	ADJ
fbem-12589	196	11	end	end	NOUN
fbem-12589	196	12	,	,	PUNCT
fbem-12589	196	13	which	which	PRON
fbem-12589	196	14	may	may	AUX
fbem-12589	196	15	be	be	AUX
fbem-12589	196	16	affected	affect	VERB
fbem-12589	196	17	by	by	ADP
fbem-12589	196	18	the	the	DET
fbem-12589	196	19	existing	exist	VERB
fbem-12589	196	20	highend	highend	NOUN
fbem-12589	196	21	value	value	NOUN
fbem-12589	196	22	chain	chain	NOUN
fbem-12589	196	23	and	and	CCONJ
fbem-12589	196	24	fall	fall	VERB
fbem-12589	196	25	into	into	ADP
fbem-12589	196	26	the	the	DET
fbem-12589	196	27	"	"	PUNCT
fbem-12589	196	28	low	low	ADJ
fbem-12589	196	29	end	end	NOUN
fbem-12589	196	30	trap	trap	NOUN
fbem-12589	196	31	"	"	PUNCT
fbem-12589	196	32	.	.	PUNCT
fbem-12589	197	1	the	the	DET
fbem-12589	197	2	second	second	NOUN
fbem-12589	197	3	is	be	AUX
fbem-12589	197	4	to	to	PART
fbem-12589	197	5	break	break	VERB
fbem-12589	197	6	the	the	DET
fbem-12589	197	7	original	original	ADJ
fbem-12589	197	8	value	value	NOUN
fbem-12589	197	9	chain	chain	NOUN
fbem-12589	197	10	system	system	NOUN
fbem-12589	197	11	and	and	CCONJ
fbem-12589	197	12	carry	carry	VERB
fbem-12589	197	13	out	out	ADP
fbem-12589	197	14	restructuring	restructuring	NOUN
fbem-12589	197	15	and	and	CCONJ
fbem-12589	197	16	upgrading	upgrading	NOUN
fbem-12589	197	17	.	.	PUNCT
fbem-12589	198	1	this	this	DET
fbem-12589	198	2	article	article	NOUN
fbem-12589	198	3	first	first	ADV
fbem-12589	198	4	reviews	review	VERB
fbem-12589	198	5	the	the	DET
fbem-12589	198	6	theory	theory	NOUN
fbem-12589	198	7	of	of	ADP
fbem-12589	198	8	digital	digital	ADJ
fbem-12589	198	9	start	start	VERB
fbem-12589	198	10	-	-	PUNCT
fbem-12589	198	11	up	up	ADP
fbem-12589	198	12	value	value	NOUN
fbem-12589	198	13	chain	chain	NOUN
fbem-12589	198	14	reconstruction	reconstruction	NOUN
fbem-12589	198	15	,	,	PUNCT
fbem-12589	198	16	and	and	CCONJ
fbem-12589	198	17	then	then	ADV
fbem-12589	198	18	uses	use	VERB
fbem-12589	198	19	multiple	multiple	ADJ
fbem-12589	198	20	elastic	elastic	ADJ
fbem-12589	198	21	regression	regression	NOUN
fbem-12589	198	22	models	model	NOUN
fbem-12589	198	23	to	to	PART
fbem-12589	198	24	empirically	empirically	ADV
fbem-12589	198	25	study	study	VERB
fbem-12589	198	26	the	the	DET
fbem-12589	198	27	impact	impact	NOUN
fbem-12589	198	28	of	of	ADP
fbem-12589	198	29	digital	digital	ADJ
fbem-12589	198	30	processes	process	NOUN
fbem-12589	198	31	on	on	ADP
fbem-12589	198	32	enterprise	enterprise	NOUN
fbem-12589	198	33	development	development	NOUN
fbem-12589	198	34	based	base	VERB
fbem-12589	198	35	on	on	ADP
fbem-12589	198	36	data	datum	NOUN
fbem-12589	198	37	from	from	ADP
fbem-12589	198	38	chinese	chinese	ADJ
fbem-12589	198	39	listed	list	VERB
fbem-12589	198	40	companies	company	NOUN
fbem-12589	198	41	from	from	ADP
fbem-12589	198	42	2016	2016	NUM
fbem-12589	198	43	to	to	ADP
fbem-12589	198	44	2020	2020	NUM
fbem-12589	198	45	.	.	PUNCT
fbem-12589	199	1	the	the	DET
fbem-12589	199	2	following	follow	VERB
fbem-12589	199	3	conclusions	conclusion	NOUN
fbem-12589	199	4	are	be	AUX
fbem-12589	199	5	drawn	draw	VERB
fbem-12589	199	6	:	:	PUNCT
fbem-12589	199	7	1.the	1.the	DET
fbem-12589	199	8	degree	degree	NOUN
fbem-12589	199	9	of	of	ADP
fbem-12589	199	10	digital	digital	ADJ
fbem-12589	199	11	division	division	NOUN
fbem-12589	199	12	of	of	ADP
fbem-12589	199	13	labor	labor	NOUN
fbem-12589	199	14	in	in	ADP
fbem-12589	199	15	enterprises	enterprise	NOUN
fbem-12589	199	16	has	have	VERB
fbem-12589	199	17	a	a	DET
fbem-12589	199	18	significant	significant	ADJ
fbem-12589	199	19	positive	positive	ADJ
fbem-12589	199	20	impact	impact	NOUN
fbem-12589	199	21	on	on	ADP
fbem-12589	199	22	the	the	DET
fbem-12589	199	23	net	net	ADJ
fbem-12589	199	24	asset	asset	NOUN
fbem-12589	199	25	growth	growth	NOUN
fbem-12589	199	26	rate	rate	NOUN
fbem-12589	199	27	.	.	PUNCT
fbem-12589	200	1	the	the	DET
fbem-12589	200	2	degree	degree	NOUN
fbem-12589	200	3	of	of	ADP
fbem-12589	200	4	digital	digital	ADJ
fbem-12589	200	5	division	division	NOUN
fbem-12589	200	6	of	of	ADP
fbem-12589	200	7	labor	labor	NOUN
fbem-12589	200	8	is	be	AUX
fbem-12589	200	9	related	relate	VERB
fbem-12589	200	10	to	to	ADP
fbem-12589	200	11	the	the	DET
fbem-12589	200	12	resource	resource	NOUN
fbem-12589	200	13	utilization	utilization	NOUN
fbem-12589	200	14	efficiency	efficiency	NOUN
fbem-12589	200	15	of	of	ADP
fbem-12589	200	16	enterprises	enterprise	NOUN
fbem-12589	200	17	.	.	PUNCT
fbem-12589	201	1	when	when	SCONJ
fbem-12589	201	2	enterprises	enterprise	NOUN
fbem-12589	201	3	focus	focus	VERB
fbem-12589	201	4	on	on	ADP
fbem-12589	201	5	digital	digital	ADJ
fbem-12589	201	6	division	division	NOUN
fbem-12589	201	7	of	of	ADP
fbem-12589	201	8	labor	labor	NOUN
fbem-12589	201	9	and	and	CCONJ
fbem-12589	201	10	apply	apply	VERB
fbem-12589	201	11	it	it	PRON
fbem-12589	201	12	to	to	ADP
fbem-12589	201	13	actual	actual	ADJ
fbem-12589	201	14	company	company	NOUN
fbem-12589	201	15	operations	operation	NOUN
fbem-12589	201	16	and	and	CCONJ
fbem-12589	201	17	production	production	NOUN
fbem-12589	201	18	,	,	PUNCT
fbem-12589	201	19	the	the	DET
fbem-12589	201	20	development	development	NOUN
fbem-12589	201	21	efficiency	efficiency	NOUN
fbem-12589	201	22	of	of	ADP
fbem-12589	201	23	the	the	DET
fbem-12589	201	24	company	company	NOUN
fbem-12589	201	25	will	will	AUX
fbem-12589	201	26	significantly	significantly	ADV
fbem-12589	201	27	increase	increase	VERB
fbem-12589	201	28	.	.	PUNCT
fbem-12589	202	1	so	so	ADV
fbem-12589	202	2	,	,	PUNCT
fbem-12589	202	3	in	in	ADP
fbem-12589	202	4	future	future	ADJ
fbem-12589	202	5	operations	operation	NOUN
fbem-12589	202	6	,	,	PUNCT
fbem-12589	202	7	enterprises	enterprise	NOUN
fbem-12589	202	8	should	should	AUX
fbem-12589	202	9	focus	focus	VERB
fbem-12589	202	10	on	on	ADP
fbem-12589	202	11	digital	digital	ADJ
fbem-12589	202	12	division	division	NOUN
fbem-12589	202	13	of	of	ADP
fbem-12589	202	14	labor	labor	NOUN
fbem-12589	202	15	and	and	CCONJ
fbem-12589	202	16	timely	timely	ADJ
fbem-12589	202	17	communication	communication	NOUN
fbem-12589	202	18	of	of	ADP
fbem-12589	202	19	internal	internal	ADJ
fbem-12589	202	20	information	information	NOUN
fbem-12589	202	21	2.the	2.the	DET
fbem-12589	202	22	intensity	intensity	NOUN
fbem-12589	202	23	of	of	ADP
fbem-12589	202	24	digital	digital	ADJ
fbem-12589	202	25	transformation	transformation	NOUN
fbem-12589	202	26	in	in	ADP
fbem-12589	202	27	enterprises	enterprise	NOUN
fbem-12589	202	28	has	have	VERB
fbem-12589	202	29	a	a	DET
fbem-12589	202	30	significant	significant	ADJ
fbem-12589	202	31	positive	positive	ADJ
fbem-12589	202	32	impact	impact	NOUN
fbem-12589	202	33	on	on	ADP
fbem-12589	202	34	the	the	DET
fbem-12589	202	35	growth	growth	NOUN
fbem-12589	202	36	rate	rate	NOUN
fbem-12589	202	37	of	of	ADP
fbem-12589	202	38	net	net	ADJ
fbem-12589	202	39	assets	asset	NOUN
fbem-12589	202	40	.	.	PUNCT
fbem-12589	203	1	when	when	SCONJ
fbem-12589	203	2	a	a	DET
fbem-12589	203	3	company	company	NOUN
fbem-12589	203	4	actively	actively	ADV
fbem-12589	203	5	engages	engage	VERB
fbem-12589	203	6	in	in	ADP
fbem-12589	203	7	digital	digital	ADJ
fbem-12589	203	8	transformation	transformation	NOUN
fbem-12589	203	9	,	,	PUNCT
fbem-12589	203	10	it	it	PRON
fbem-12589	203	11	chooses	choose	VERB
fbem-12589	203	12	the	the	DET
fbem-12589	203	13	future	future	ADJ
fbem-12589	203	14	development	development	NOUN
fbem-12589	203	15	trend	trend	NOUN
fbem-12589	203	16	.	.	PUNCT
fbem-12589	204	1	through	through	ADP
fbem-12589	204	2	continuous	continuous	ADJ
fbem-12589	204	3	deepening	deepening	NOUN
fbem-12589	204	4	of	of	ADP
fbem-12589	204	5	digitization	digitization	NOUN
fbem-12589	204	6	,	,	PUNCT
fbem-12589	204	7	objective	objective	ADJ
fbem-12589	204	8	profits	profit	NOUN
fbem-12589	204	9	have	have	AUX
fbem-12589	204	10	been	be	AUX
fbem-12589	204	11	brought	bring	VERB
fbem-12589	204	12	to	to	ADP
fbem-12589	204	13	enterprises	enterprise	NOUN
fbem-12589	204	14	,	,	PUNCT
fbem-12589	204	15	promoting	promote	VERB
fbem-12589	204	16	the	the	DET
fbem-12589	204	17	improvement	improvement	NOUN
fbem-12589	204	18	of	of	ADP
fbem-12589	204	19	net	net	ADJ
fbem-12589	204	20	asset	asset	NOUN
fbem-12589	204	21	growth	growth	NOUN
fbem-12589	204	22	rate	rate	NOUN
fbem-12589	204	23	,	,	PUNCT
fbem-12589	204	24	and	and	CCONJ
fbem-12589	204	25	enterprises	enterprise	NOUN
fbem-12589	204	26	have	have	AUX
fbem-12589	204	27	indeed	indeed	ADV
fbem-12589	204	28	achieved	achieve	VERB
fbem-12589	204	29	rapid	rapid	ADJ
fbem-12589	204	30	development	development	NOUN
fbem-12589	204	31	.	.	PUNCT
fbem-12589	205	1	3	3	X
fbem-12589	205	2	.	.	X
fbem-12589	205	3	the	the	DET
fbem-12589	205	4	initial	initial	ADJ
fbem-12589	205	5	results	result	NOUN
fbem-12589	205	6	of	of	ADP
fbem-12589	205	7	digital	digital	ADJ
fbem-12589	205	8	reform	reform	NOUN
fbem-12589	205	9	are	be	AUX
fbem-12589	205	10	inseparable	inseparable	ADJ
fbem-12589	205	11	from	from	ADP
fbem-12589	205	12	the	the	DET
fbem-12589	205	13	guidance	guidance	NOUN
fbem-12589	205	14	and	and	CCONJ
fbem-12589	205	15	support	support	NOUN
fbem-12589	205	16	of	of	ADP
fbem-12589	205	17	the	the	DET
fbem-12589	205	18	government	government	NOUN
fbem-12589	205	19	.	.	PUNCT
fbem-12589	206	1	in	in	ADP
fbem-12589	206	2	recent	recent	ADJ
fbem-12589	206	3	years	year	NOUN
fbem-12589	206	4	,	,	PUNCT
fbem-12589	206	5	china	china	PROPN
fbem-12589	206	6	has	have	AUX
fbem-12589	206	7	vigorously	vigorously	ADV
fbem-12589	206	8	implemented	implement	VERB
fbem-12589	206	9	digital	digital	ADJ
fbem-12589	206	10	reform	reform	NOUN
fbem-12589	206	11	policies	policy	NOUN
fbem-12589	206	12	,	,	PUNCT
fbem-12589	206	13	integrating	integrate	VERB
fbem-12589	206	14	digitalization	digitalization	NOUN
fbem-12589	206	15	into	into	ADP
fbem-12589	206	16	the	the	DET
fbem-12589	206	17	production	production	NOUN
fbem-12589	206	18	,	,	PUNCT
fbem-12589	206	19	manufacturing	manufacturing	NOUN
fbem-12589	206	20	,	,	PUNCT
fbem-12589	206	21	and	and	CCONJ
fbem-12589	206	22	sales	sale	NOUN
fbem-12589	206	23	of	of	ADP
fbem-12589	206	24	the	the	DET
fbem-12589	206	25	real	real	ADJ
fbem-12589	206	26	economy	economy	NOUN
fbem-12589	206	27	,	,	PUNCT
fbem-12589	206	28	simplifying	simplify	VERB
fbem-12589	206	29	the	the	DET
fbem-12589	206	30	tedious	tedious	ADJ
fbem-12589	206	31	division	division	NOUN
fbem-12589	206	32	of	of	ADP
fbem-12589	206	33	labor	labor	NOUN
fbem-12589	206	34	for	for	ADP
fbem-12589	206	35	enterprises	enterprise	NOUN
fbem-12589	206	36	,	,	PUNCT
fbem-12589	206	37	and	and	CCONJ
fbem-12589	206	38	making	make	VERB
fbem-12589	206	39	their	their	PRON
fbem-12589	206	40	development	development	NOUN
fbem-12589	206	41	more	more	ADV
fbem-12589	206	42	orderly	orderly	ADJ
fbem-12589	206	43	.	.	PUNCT
fbem-12589	207	1	this	this	DET
fbem-12589	207	2	article	article	NOUN
fbem-12589	207	3	demonstrates	demonstrate	VERB
fbem-12589	207	4	that	that	SCONJ
fbem-12589	207	5	the	the	DET
fbem-12589	207	6	digitization	digitization	NOUN
fbem-12589	207	7	process	process	NOUN
fbem-12589	207	8	has	have	VERB
fbem-12589	207	9	an	an	DET
fbem-12589	207	10	annualized	annualize	VERB
fbem-12589	207	11	effect	effect	NOUN
fbem-12589	207	12	and	and	CCONJ
fbem-12589	207	13	continues	continue	VERB
fbem-12589	207	14	to	to	PART
fbem-12589	207	15	expand	expand	VERB
fbem-12589	207	16	,	,	PUNCT
fbem-12589	207	17	with	with	ADP
fbem-12589	207	18	policies	policy	NOUN
fbem-12589	207	19	more	more	ADV
fbem-12589	207	20	inclined	inclined	ADJ
fbem-12589	207	21	towards	towards	ADP
fbem-12589	207	22	digital	digital	ADJ
fbem-12589	207	23	economic	economic	ADJ
fbem-12589	207	24	reform	reform	NOUN
fbem-12589	207	25	.	.	PUNCT
fbem-12589	208	1	in	in	ADP
fbem-12589	208	2	summary	summary	NOUN
fbem-12589	208	3	,	,	PUNCT
fbem-12589	208	4	the	the	DET
fbem-12589	208	5	deep	deep	ADJ
fbem-12589	208	6	integration	integration	NOUN
fbem-12589	208	7	of	of	ADP
fbem-12589	208	8	digital	digital	ADJ
fbem-12589	208	9	technology	technology	NOUN
fbem-12589	208	10	and	and	CCONJ
fbem-12589	208	11	manufacturing	manufacturing	NOUN
fbem-12589	208	12	is	be	AUX
fbem-12589	208	13	the	the	DET
fbem-12589	208	14	breakthrough	breakthrough	ADJ
fbem-12589	208	15	point	point	NOUN
fbem-12589	208	16	for	for	ADP
fbem-12589	208	17	china	china	PROPN
fbem-12589	208	18	's	's	PART
fbem-12589	208	19	economic	economic	ADJ
fbem-12589	208	20	transformation	transformation	NOUN
fbem-12589	208	21	and	and	CCONJ
fbem-12589	208	22	upgrading	upgrading	NOUN
fbem-12589	208	23	.	.	PUNCT
fbem-12589	209	1	from	from	ADP
fbem-12589	209	2	consumer	consumer	NOUN
fbem-12589	209	3	internet	internet	NOUN
fbem-12589	209	4	dominance	dominance	NOUN
fbem-12589	209	5	to	to	ADP
fbem-12589	209	6	industrial	industrial	ADJ
fbem-12589	209	7	internet	internet	NOUN
fbem-12589	209	8	dominance	dominance	NOUN
fbem-12589	209	9	,	,	PUNCT
fbem-12589	209	10	digitalization	digitalization	NOUN
fbem-12589	209	11	has	have	VERB
fbem-12589	209	12	a	a	DET
fbem-12589	209	13	significant	significant	ADJ
fbem-12589	209	14	driving	driving	NOUN
fbem-12589	209	15	effect	effect	NOUN
fbem-12589	209	16	on	on	ADP
fbem-12589	209	17	the	the	DET
fbem-12589	209	18	production	production	NOUN
fbem-12589	209	19	and	and	CCONJ
fbem-12589	209	20	development	development	NOUN
fbem-12589	209	21	of	of	ADP
fbem-12589	209	22	enterprises	enterprise	NOUN
fbem-12589	209	23	.	.	PUNCT
fbem-12589	210	1	the	the	DET
fbem-12589	210	2	policies	policy	NOUN
fbem-12589	210	3	formulated	formulate	VERB
fbem-12589	210	4	by	by	ADP
fbem-12589	210	5	the	the	DET
fbem-12589	210	6	government	government	NOUN
fbem-12589	210	7	to	to	PART
fbem-12589	210	8	strengthen	strengthen	VERB
fbem-12589	210	9	the	the	DET
fbem-12589	210	10	digitalization	digitalization	NOUN
fbem-12589	210	11	process	process	NOUN
fbem-12589	210	12	are	be	AUX
fbem-12589	210	13	meaningful	meaningful	ADJ
fbem-12589	210	14	and	and	CCONJ
fbem-12589	210	15	correct	correct	ADJ
fbem-12589	210	16	.	.	PUNCT
fbem-12589	211	1	5.2	5.2	NUM
fbem-12589	211	2	.	.	PUNCT
fbem-12589	212	1	policy	policy	NOUN
fbem-12589	212	2	implications	implication	NOUN
fbem-12589	212	3	this	this	DET
fbem-12589	212	4	article	article	NOUN
fbem-12589	212	5	has	have	VERB
fbem-12589	212	6	the	the	DET
fbem-12589	212	7	following	follow	VERB
fbem-12589	212	8	policy	policy	NOUN
fbem-12589	212	9	implications	implication	NOUN
fbem-12589	212	10	.	.	PUNCT
fbem-12589	213	1	firstly	firstly	ADV
fbem-12589	213	2	,	,	PUNCT
fbem-12589	213	3	china	china	PROPN
fbem-12589	213	4	should	should	AUX
fbem-12589	213	5	actively	actively	ADV
fbem-12589	213	6	comply	comply	VERB
fbem-12589	213	7	with	with	ADP
fbem-12589	213	8	the	the	DET
fbem-12589	213	9	trend	trend	NOUN
fbem-12589	213	10	of	of	ADP
fbem-12589	213	11	rapid	rapid	ADJ
fbem-12589	213	12	development	development	NOUN
fbem-12589	213	13	of	of	ADP
fbem-12589	213	14	digital	digital	ADJ
fbem-12589	213	15	technology	technology	NOUN
fbem-12589	213	16	,	,	PUNCT
fbem-12589	213	17	fully	fully	ADV
fbem-12589	213	18	seize	seize	VERB
fbem-12589	213	19	the	the	DET
fbem-12589	213	20	opportunities	opportunity	NOUN
fbem-12589	213	21	for	for	ADP
fbem-12589	213	22	enterprise	enterprise	NOUN
fbem-12589	213	23	digital	digital	ADJ
fbem-12589	213	24	transformation	transformation	NOUN
fbem-12589	213	25	,	,	PUNCT
fbem-12589	213	26	vigorously	vigorously	ADV
fbem-12589	213	27	tilt	tilt	VERB
fbem-12589	213	28	policies	policy	NOUN
fbem-12589	213	29	towards	towards	ADP
fbem-12589	213	30	enterprises	enterprise	NOUN
fbem-12589	213	31	,	,	PUNCT
fbem-12589	213	32	encourage	encourage	VERB
fbem-12589	213	33	deep	deep	ADJ
fbem-12589	213	34	integration	integration	NOUN
fbem-12589	213	35	of	of	ADP
fbem-12589	213	36	digital	digital	ADJ
fbem-12589	213	37	technology	technology	NOUN
fbem-12589	213	38	with	with	ADP
fbem-12589	213	39	enterprises	enterprise	NOUN
fbem-12589	213	40	in	in	ADP
fbem-12589	213	41	terms	term	NOUN
fbem-12589	213	42	of	of	ADP
fbem-12589	213	43	products	product	NOUN
fbem-12589	213	44	and	and	CCONJ
fbem-12589	213	45	organizational	organizational	ADJ
fbem-12589	213	46	structure	structure	NOUN
fbem-12589	213	47	,	,	PUNCT
fbem-12589	213	48	and	and	CCONJ
fbem-12589	213	49	assist	assist	VERB
fbem-12589	213	50	in	in	ADP
fbem-12589	213	51	high	high	ADJ
fbem-12589	213	52	-	-	PUNCT
fbem-12589	213	53	quality	quality	NOUN
fbem-12589	213	54	development	development	NOUN
fbem-12589	213	55	of	of	ADP
fbem-12589	213	56	enterprises	enterprise	NOUN
fbem-12589	213	57	.	.	PUNCT
fbem-12589	214	1	the	the	DET
fbem-12589	214	2	digital	digital	ADJ
fbem-12589	214	3	development	development	NOUN
fbem-12589	214	4	of	of	ADP
fbem-12589	214	5	enterprises	enterprise	NOUN
fbem-12589	214	6	should	should	AUX
fbem-12589	214	7	follow	follow	VERB
fbem-12589	214	8	the	the	DET
fbem-12589	214	9	principle	principle	NOUN
fbem-12589	214	10	of	of	ADP
fbem-12589	214	11	differentiation	differentiation	NOUN
fbem-12589	214	12	,	,	PUNCT
fbem-12589	214	13	develop	develop	VERB
fbem-12589	214	14	distinctive	distinctive	ADJ
fbem-12589	214	15	digital	digital	ADJ
fbem-12589	214	16	paths	path	NOUN
fbem-12589	214	17	according	accord	VERB
fbem-12589	214	18	to	to	ADP
fbem-12589	214	19	the	the	DET
fbem-12589	214	20	special	special	ADJ
fbem-12589	214	21	circumstances	circumstance	NOUN
fbem-12589	214	22	of	of	ADP
fbem-12589	214	23	different	different	ADJ
fbem-12589	214	24	enterprises	enterprise	NOUN
fbem-12589	214	25	,	,	PUNCT
fbem-12589	214	26	guide	guide	VERB
fbem-12589	214	27	the	the	DET
fbem-12589	214	28	mutual	mutual	ADJ
fbem-12589	214	29	adaptation	adaptation	NOUN
fbem-12589	214	30	of	of	ADP
fbem-12589	214	31	technological	technological	ADJ
fbem-12589	214	32	innovation	innovation	NOUN
fbem-12589	214	33	and	and	CCONJ
fbem-12589	214	34	digital	digital	ADJ
fbem-12589	214	35	transformation	transformation	NOUN
fbem-12589	214	36	needs	need	NOUN
fbem-12589	214	37	of	of	ADP
fbem-12589	214	38	enterprises	enterprise	NOUN
fbem-12589	214	39	through	through	ADP
fbem-12589	214	40	"	"	PUNCT
fbem-12589	214	41	learning	learn	VERB
fbem-12589	214	42	by	by	ADP
fbem-12589	214	43	doing	do	VERB
fbem-12589	214	44	"	"	PUNCT
fbem-12589	214	45	,	,	PUNCT
fbem-12589	214	46	and	and	CCONJ
fbem-12589	214	47	minimize	minimize	VERB
fbem-12589	214	48	enterprise	enterprise	NOUN
fbem-12589	214	49	risks	risk	NOUN
fbem-12589	214	50	as	as	ADV
fbem-12589	214	51	much	much	ADV
fbem-12589	214	52	as	as	ADP
fbem-12589	214	53	possible	possible	ADJ
fbem-12589	214	54	in	in	ADP
fbem-12589	214	55	the	the	DET
fbem-12589	214	56	process	process	NOUN
fbem-12589	214	57	of	of	ADP
fbem-12589	214	58	integrated	integrate	VERB
fbem-12589	214	59	innovation	innovation	NOUN
fbem-12589	214	60	.	.	PUNCT
fbem-12589	215	1	secondly	secondly	ADV
fbem-12589	215	2	,	,	PUNCT
fbem-12589	215	3	due	due	ADP
fbem-12589	215	4	to	to	ADP
fbem-12589	215	5	the	the	DET
fbem-12589	215	6	market	market	NOUN
fbem-12589	215	7	monopoly	monopoly	NOUN
fbem-12589	215	8	situation	situation	NOUN
fbem-12589	215	9	between	between	ADP
fbem-12589	215	10	alibaba	alibaba	PROPN
fbem-12589	215	11	and	and	CCONJ
fbem-12589	215	12	tencent	tencent	NOUN
fbem-12589	215	13	companies	company	NOUN
fbem-12589	215	14	,	,	PUNCT
fbem-12589	215	15	the	the	DET
fbem-12589	215	16	market	market	NOUN
fbem-12589	215	17	must	must	AUX
fbem-12589	215	18	establish	establish	VERB
fbem-12589	215	19	and	and	CCONJ
fbem-12589	215	20	improve	improve	VERB
fbem-12589	215	21	a	a	DET
fbem-12589	215	22	more	more	ADV
fbem-12589	215	23	comprehensive	comprehensive	ADJ
fbem-12589	215	24	market	market	NOUN
fbem-12589	215	25	supervision	supervision	NOUN
fbem-12589	215	26	system	system	NOUN
fbem-12589	215	27	.	.	PUNCT
fbem-12589	216	1	on	on	ADP
fbem-12589	216	2	the	the	DET
fbem-12589	216	3	one	one	NUM
fbem-12589	216	4	hand	hand	NOUN
fbem-12589	216	5	,	,	PUNCT
fbem-12589	216	6	it	it	PRON
fbem-12589	216	7	is	be	AUX
fbem-12589	216	8	necessary	necessary	ADJ
fbem-12589	216	9	to	to	PART
fbem-12589	216	10	promote	promote	VERB
fbem-12589	216	11	large	large	ADJ
fbem-12589	216	12	and	and	CCONJ
fbem-12589	216	13	highly	highly	ADV
fbem-12589	216	14	digitized	digitize	VERB
fbem-12589	216	15	companies	company	NOUN
fbem-12589	216	16	to	to	PART
fbem-12589	216	17	stop	stop	VERB
fbem-12589	216	18	monopolistic	monopolistic	ADJ
fbem-12589	216	19	behavior	behavior	NOUN
fbem-12589	216	20	and	and	CCONJ
fbem-12589	216	21	guide	guide	VERB
fbem-12589	216	22	the	the	DET
fbem-12589	216	23	correct	correct	ADJ
fbem-12589	216	24	market	market	NOUN
fbem-12589	216	25	order	order	NOUN
fbem-12589	216	26	;	;	PUNCT
fbem-12589	216	27	on	on	ADP
fbem-12589	216	28	the	the	DET
fbem-12589	216	29	other	other	ADJ
fbem-12589	216	30	hand	hand	NOUN
fbem-12589	216	31	,	,	PUNCT
fbem-12589	216	32	for	for	ADP
fbem-12589	216	33	some	some	DET
fbem-12589	216	34	growing	grow	VERB
fbem-12589	216	35	202	202	NUM
fbem-12589	216	36	small	small	ADJ
fbem-12589	216	37	and	and	CCONJ
fbem-12589	216	38	medium	medium	ADJ
fbem-12589	216	39	-	-	PUNCT
fbem-12589	216	40	sized	sized	ADJ
fbem-12589	216	41	enterprises	enterprise	NOUN
fbem-12589	216	42	,	,	PUNCT
fbem-12589	216	43	strengthen	strengthen	VERB
fbem-12589	216	44	their	their	PRON
fbem-12589	216	45	awareness	awareness	NOUN
fbem-12589	216	46	of	of	ADP
fbem-12589	216	47	compliance	compliance	NOUN
fbem-12589	216	48	with	with	ADP
fbem-12589	216	49	the	the	DET
fbem-12589	216	50	law	law	NOUN
fbem-12589	216	51	.	.	PUNCT
fbem-12589	217	1	thirdly	thirdly	ADV
fbem-12589	217	2	,	,	PUNCT
fbem-12589	217	3	china	china	PROPN
fbem-12589	217	4	is	be	AUX
fbem-12589	217	5	in	in	ADP
fbem-12589	217	6	the	the	DET
fbem-12589	217	7	acceleration	acceleration	NOUN
fbem-12589	217	8	stage	stage	NOUN
fbem-12589	217	9	of	of	ADP
fbem-12589	217	10	digital	digital	ADJ
fbem-12589	217	11	development	development	NOUN
fbem-12589	217	12	.	.	PUNCT
fbem-12589	218	1	in	in	ADP
fbem-12589	218	2	order	order	NOUN
fbem-12589	218	3	to	to	PART
fbem-12589	218	4	enhance	enhance	VERB
fbem-12589	218	5	the	the	DET
fbem-12589	218	6	international	international	ADJ
fbem-12589	218	7	perspective	perspective	NOUN
fbem-12589	218	8	and	and	CCONJ
fbem-12589	218	9	competitiveness	competitiveness	NOUN
fbem-12589	218	10	of	of	ADP
fbem-12589	218	11	chinese	chinese	ADJ
fbem-12589	218	12	companies	company	NOUN
fbem-12589	218	13	,	,	PUNCT
fbem-12589	218	14	the	the	DET
fbem-12589	218	15	country	country	NOUN
fbem-12589	218	16	should	should	AUX
fbem-12589	218	17	provide	provide	VERB
fbem-12589	218	18	a	a	DET
fbem-12589	218	19	good	good	ADJ
fbem-12589	218	20	external	external	ADJ
fbem-12589	218	21	environment	environment	NOUN
fbem-12589	218	22	for	for	ADP
fbem-12589	218	23	the	the	DET
fbem-12589	218	24	digital	digital	ADJ
fbem-12589	218	25	development	development	NOUN
fbem-12589	218	26	of	of	ADP
fbem-12589	218	27	enterprises	enterprise	NOUN
fbem-12589	218	28	,	,	PUNCT
fbem-12589	218	29	promote	promote	VERB
fbem-12589	218	30	the	the	DET
fbem-12589	218	31	precise	precise	ADJ
fbem-12589	218	32	integration	integration	NOUN
fbem-12589	218	33	of	of	ADP
fbem-12589	218	34	digital	digital	ADJ
fbem-12589	218	35	processes	process	NOUN
fbem-12589	218	36	with	with	ADP
fbem-12589	218	37	enterprises	enterprise	NOUN
fbem-12589	218	38	,	,	PUNCT
fbem-12589	218	39	better	well	ADJ
fbem-12589	218	40	leverage	leverage	NOUN
fbem-12589	218	41	the	the	DET
fbem-12589	218	42	leading	lead	VERB
fbem-12589	218	43	and	and	CCONJ
fbem-12589	218	44	driving	drive	VERB
fbem-12589	218	45	role	role	NOUN
fbem-12589	218	46	of	of	ADP
fbem-12589	218	47	digitalization	digitalization	NOUN
fbem-12589	218	48	in	in	ADP
fbem-12589	218	49	the	the	DET
fbem-12589	218	50	real	real	ADJ
fbem-12589	218	51	economy	economy	NOUN
fbem-12589	218	52	,	,	PUNCT
fbem-12589	218	53	promote	promote	VERB
fbem-12589	218	54	the	the	DET
fbem-12589	218	55	diversified	diversify	VERB
fbem-12589	218	56	innovation	innovation	NOUN
fbem-12589	218	57	ecological	ecological	ADJ
fbem-12589	218	58	scene	scene	NOUN
fbem-12589	218	59	of	of	ADP
fbem-12589	218	60	enterprises	enterprise	NOUN
fbem-12589	218	61	,	,	PUNCT
fbem-12589	218	62	and	and	CCONJ
fbem-12589	218	63	improve	improve	VERB
fbem-12589	218	64	the	the	DET
fbem-12589	218	65	efficiency	efficiency	NOUN
fbem-12589	218	66	of	of	ADP
fbem-12589	218	67	digital	digital	ADJ
fbem-12589	218	68	policies	policy	NOUN
fbem-12589	218	69	in	in	ADP
fbem-12589	218	70	identifying	identify	VERB
fbem-12589	218	71	high	high	ADJ
fbem-12589	218	72	-	-	PUNCT
fbem-12589	218	73	quality	quality	NOUN
fbem-12589	218	74	enterprises	enterprise	NOUN
fbem-12589	218	75	,	,	PUNCT
fbem-12589	218	76	assist	assist	VERB
fbem-12589	218	77	enterprises	enterprise	NOUN
fbem-12589	218	78	in	in	ADP
fbem-12589	218	79	digital	digital	ADJ
fbem-12589	218	80	transformation	transformation	NOUN
fbem-12589	218	81	and	and	CCONJ
fbem-12589	218	82	achieve	achieve	VERB
fbem-12589	218	83	better	well	ADJ
fbem-12589	218	84	performance	performance	NOUN
fbem-12589	218	85	in	in	ADP
fbem-12589	218	86	the	the	DET
fbem-12589	218	87	international	international	ADJ
fbem-12589	218	88	market	market	NOUN
fbem-12589	218	89	.	.	PUNCT
fbem-12589	219	1	references	reference	NOUN
fbem-12589	219	2	[	[	X
fbem-12589	219	3	1	1	NUM
fbem-12589	219	4	]	]	X
fbem-12589	219	5	wu	wu	PROPN
fbem-12589	219	6	fei	fei	PROPN
fbem-12589	219	7	,	,	PUNCT
fbem-12589	219	8	hu	hu	PROPN
fbem-12589	219	9	huizhi	huizhi	PROPN
fbem-12589	219	10	,	,	PUNCT
fbem-12589	219	11	lin	lin	PROPN
fbem-12589	219	12	huiyan	huiyan	VERB
fbem-12589	219	13	,	,	PUNCT
fbem-12589	219	14	ren	ren	PROPN
fbem-12589	219	15	xiaoyi	xiaoyi	PROPN
fbem-12589	219	16	.	.	PUNCT
fbem-12589	220	1	digital	digital	ADJ
fbem-12589	220	2	transformation	transformation	NOUN
fbem-12589	220	3	of	of	ADP
fbem-12589	220	4	enterprises	enterprise	NOUN
fbem-12589	220	5	and	and	CCONJ
fbem-12589	220	6	capital	capital	NOUN
fbem-12589	220	7	market	market	NOUN
fbem-12589	220	8	performance	performance	NOUN
fbem-12589	220	9	:	:	PUNCT
fbem-12589	220	10	empirical	empirical	ADJ
fbem-12589	220	11	evidence	evidence	NOUN
fbem-12589	220	12	from	from	ADP
fbem-12589	220	13	stock	stock	NOUN
fbem-12589	220	14	liquidity	liquidity	NOUN
fbem-12589	221	1	[	[	X
fbem-12589	221	2	j	j	X
fbem-12589	221	3	]	]	X
fbem-12589	221	4	.	.	PUNCT
fbem-12589	222	1	management	management	NOUN
fbem-12589	222	2	world	world	NOUN
fbem-12589	222	3	,	,	PUNCT
fbem-12589	222	4	2021,37	2021,37	NUM
fbem-12589	222	5	(	(	PUNCT
fbem-12589	222	6	07	07	NUM
fbem-12589	222	7	):	):	PUNCT
fbem-12589	222	8	130	130	NUM
fbem-12589	222	9	-	-	SYM
fbem-12589	222	10	144	144	NUM
fbem-12589	222	11	+	+	NOUN
fbem-12589	222	12	10	10	NUM
fbem-12589	222	13	.	.	PUNCT
fbem-12589	223	1	doi	doi	NOUN
fbem-12589	223	2	:	:	PUNCT
fbem-12589	223	3	10.19744	10.19744	NUM
fbem-12589	223	4	/	/	SYM
fbem-12589	223	5	j.cnki.111235	j.cnki.111235	NOUN
fbem-12589	223	6	/	/	SYM
fbem-12589	223	7	f.2021.0097	f.2021.0097	PROPN
fbem-12589	223	8	[	[	X
fbem-12589	223	9	2	2	X
fbem-12589	223	10	]	]	X
fbem-12589	223	11	jing	jing	ADJ
fbem-12589	223	12	wenjun	wenjun	PROPN
fbem-12589	223	13	,	,	PUNCT
fbem-12589	223	14	sun	sun	NOUN
fbem-12589	223	15	baowen	baowen	NOUN
fbem-12589	223	16	.	.	PUNCT
fbem-12589	224	1	digital	digital	ADJ
fbem-12589	224	2	economy	economy	NOUN
fbem-12589	224	3	promotes	promote	VERB
fbem-12589	224	4	high	high	ADJ
fbem-12589	224	5	quality	quality	NOUN
fbem-12589	224	6	economic	economic	ADJ
fbem-12589	224	7	development	development	NOUN
fbem-12589	224	8	:	:	PUNCT
fbem-12589	224	9	a	a	DET
fbem-12589	224	10	theoretical	theoretical	ADJ
fbem-12589	224	11	analysis	analysis	NOUN
fbem-12589	224	12	framework	framework	NOUN
fbem-12589	225	1	[	[	X
fbem-12589	225	2	j	j	X
fbem-12589	225	3	]	]	X
fbem-12589	225	4	.	.	PUNCT
fbem-12589	226	1	economist	economist	NOUN
fbem-12589	226	2	,	,	PUNCT
fbem-12589	226	3	2019	2019	NUM
fbem-12589	226	4	(	(	PUNCT
fbem-12589	226	5	02	02	NUM
fbem-12589	226	6	):	):	PUNCT
fbem-12589	226	7	66	66	NUM
fbem-12589	226	8	-	-	SYM
fbem-12589	226	9	73	73	NUM
fbem-12589	226	10	.	.	PUNCT
fbem-12589	227	1	doi	doi	NOUN
fbem-12589	227	2	:	:	PUNCT
fbem-12589	227	3	10.16158	10.16158	NUM
fbem-12589	227	4	/	/	SYM
fbem-12589	227	5	j.cnki.51	j.cnki.51	NOUN
fbem-12589	227	6	-	-	PUNCT
fbem-12589	227	7	1312	1312	NUM
fbem-12589	227	8	/	/	SYM
fbem-12589	227	9	f.2019.02.008	f.2019.02.008	NOUN
fbem-12589	228	1	[	[	X
fbem-12589	228	2	3	3	X
fbem-12589	228	3	]	]	X
fbem-12589	228	4	ren	ren	NOUN
fbem-12589	228	5	baoping	baope	VERB
fbem-12589	228	6	,	,	PUNCT
fbem-12589	228	7	he	he	PRON
fbem-12589	228	8	houcong	houcong	ADJ
fbem-12589	228	9	.	.	PUNCT
fbem-12589	229	1	empowering	empower	VERB
fbem-12589	229	2	high	high	ADJ
fbem-12589	229	3	-	-	PUNCT
fbem-12589	229	4	quality	quality	NOUN
fbem-12589	229	5	development	development	NOUN
fbem-12589	229	6	in	in	ADP
fbem-12589	229	7	the	the	DET
fbem-12589	229	8	digital	digital	ADJ
fbem-12589	229	9	economy	economy	NOUN
fbem-12589	229	10	:	:	PUNCT
fbem-12589	229	11	theoretical	theoretical	ADJ
fbem-12589	229	12	logic	logic	NOUN
fbem-12589	229	13	,	,	PUNCT
fbem-12589	229	14	path	path	NOUN
fbem-12589	229	15	selection	selection	NOUN
fbem-12589	229	16	,	,	PUNCT
fbem-12589	229	17	and	and	CCONJ
fbem-12589	229	18	policy	policy	NOUN
fbem-12589	229	19	orientation	orientation	NOUN
fbem-12589	230	1	[	[	X
fbem-12589	230	2	j	j	X
fbem-12589	230	3	]	]	X
fbem-12589	230	4	.	.	PUNCT
fbem-12589	231	1	financial	financial	ADJ
fbem-12589	231	2	science	science	NOUN
fbem-12589	231	3	,	,	PUNCT
fbem-12589	231	4	2022	2022	NUM
fbem-12589	231	5	(	(	PUNCT
fbem-12589	231	6	04	04	NUM
fbem-12589	231	7	):	):	PUNCT
fbem-12589	231	8	61	61	NUM
fbem-12589	231	9	-	-	SYM
fbem-12589	231	10	75	75	NUM
fbem-12589	231	11	.	.	PUNCT
fbem-12589	232	1	[	[	X
fbem-12589	232	2	4	4	X
fbem-12589	232	3	]	]	X
fbem-12589	232	4	wang	wang	PROPN
fbem-12589	232	5	yonglong	yonglong	PROPN
fbem-12589	232	6	,	,	PUNCT
fbem-12589	232	7	yu	yu	PROPN
fbem-12589	232	8	na	na	PROPN
fbem-12589	232	9	,	,	PUNCT
fbem-12589	232	10	yao	yao	PROPN
fbem-12589	232	11	niao	niao	NOUN
fbem-12589	232	12	.	.	PUNCT
fbem-12589	233	1	the	the	DET
fbem-12589	233	2	mechanism	mechanism	NOUN
fbem-12589	233	3	and	and	CCONJ
fbem-12589	233	4	effects	effect	NOUN
fbem-12589	233	5	of	of	ADP
fbem-12589	233	6	digital	digital	ADJ
fbem-12589	233	7	economy	economy	NOUN
fbem-12589	233	8	empowering	empower	VERB
fbem-12589	233	9	quality	quality	NOUN
fbem-12589	233	10	change	change	NOUN
fbem-12589	233	11	in	in	ADP
fbem-12589	233	12	manufacturing	manufacturing	NOUN
fbem-12589	233	13	industry	industry	NOUN
fbem-12589	233	14	:	:	PUNCT
fbem-12589	233	15	theoretical	theoretical	ADJ
fbem-12589	233	16	and	and	CCONJ
fbem-12589	233	17	empirical	empirical	ADJ
fbem-12589	233	18	analysis	analysis	NOUN
fbem-12589	233	19	based	base	VERB
fbem-12589	233	20	on	on	ADP
fbem-12589	233	21	dual	dual	ADJ
fbem-12589	233	22	margins	margin	NOUN
fbem-12589	233	23	[	[	X
fbem-12589	233	24	j	j	X
fbem-12589	233	25	]	]	X
fbem-12589	233	26	.	.	PUNCT
fbem-12589	234	1	china	china	PROPN
fbem-12589	234	2	circulation	circulation	NOUN
fbem-12589	234	3	economy	economy	NOUN
fbem-12589	234	4	,	,	PUNCT
fbem-12589	234	5	2020,34	2020,34	NUM
fbem-12589	234	6	(	(	PUNCT
fbem-12589	234	7	12	12	NUM
fbem-12589	234	8	):	):	PUNCT
fbem-12589	234	9	60	60	NUM
fbem-12589	234	10	-	-	SYM
fbem-12589	234	11	71	71	NUM
fbem-12589	234	12	.	.	PUNCT
fbem-12589	235	1	doi	doi	NOUN
fbem-12589	235	2	:	:	PUNCT
fbem-12589	235	3	10.14089	10.14089	NUM
fbem-12589	235	4	/	/	SYM
fbem-12589	235	5	j.cnki.cn113664	j.cnki.cn113664	PROPN
fbem-12589	235	6	/	/	SYM
fbem-12589	235	7	f.2020.12.007	f.2020.12.007	NOUN
fbem-12589	235	8	[	[	NOUN
fbem-12589	235	9	5	5	NUM
fbem-12589	235	10	]	]	X
fbem-12589	235	11	liu	liu	PROPN
fbem-12589	235	12	pingfeng	pingfeng	PROPN
fbem-12589	235	13	,	,	PUNCT
fbem-12589	235	14	zhang	zhang	PROPN
fbem-12589	235	15	wang	wang	PROPN
fbem-12589	235	16	.	.	PUNCT
fbem-12589	236	1	how	how	SCONJ
fbem-12589	236	2	can	can	AUX
fbem-12589	236	3	digital	digital	ADJ
fbem-12589	236	4	technology	technology	NOUN
fbem-12589	236	5	empower	empower	NOUN
fbem-12589	236	6	total	total	NOUN
fbem-12589	236	7	factor	factor	NOUN
fbem-12589	236	8	productivity	productivity	NOUN
fbem-12589	236	9	in	in	ADP
fbem-12589	236	10	manufacturing	manufacturing	NOUN
fbem-12589	236	11	?	?	PUNCT
fbem-12589	237	1	[	[	X
fbem-12589	237	2	j	j	X
fbem-12589	237	3	]	]	X
fbem-12589	237	4	scientific	scientific	ADJ
fbem-12589	237	5	research	research	NOUN
fbem-12589	237	6	,	,	PUNCT
fbem-12589	237	7	2021,39	2021,39	NUM
fbem-12589	237	8	(	(	PUNCT
fbem-12589	237	9	08	08	NUM
fbem-12589	237	10	):	):	PUNCT
fbem-12589	237	11	1396	1396	NUM
fbem-12589	237	12	-	-	SYM
fbem-12589	237	13	1406	1406	NUM
fbem-12589	237	14	.	.	PUNCT
fbem-12589	238	1	doi	doi	NOUN
fbem-12589	238	2	:	:	PUNCT
fbem-12589	238	3	10.16192	10.16192	NUM
fbem-12589	238	4	/	/	SYM
fbem-12589	238	5	j.cnki.1003	j.cnki.1003	NOUN
fbem-12589	238	6	-	-	PROPN
fbem-12589	238	7	2053.20200904.001	2053.20200904.001	NUM
fbem-12589	238	8	[	[	X
fbem-12589	238	9	6	6	NUM
fbem-12589	238	10	]	]	PUNCT
fbem-12589	238	11	li	li	PROPN
fbem-12589	238	12	chunfa	chunfa	PROPN
fbem-12589	238	13	,	,	PUNCT
fbem-12589	238	14	li	li	PROPN
fbem-12589	238	15	dongdong	dongdong	PROPN
fbem-12589	238	16	,	,	PUNCT
fbem-12589	238	17	zhou	zhou	PROPN
fbem-12589	238	18	chi	chi	PROPN
fbem-12589	238	19	.	.	PUNCT
fbem-12589	239	1	the	the	DET
fbem-12589	239	2	mechanism	mechanism	NOUN
fbem-12589	239	3	of	of	ADP
fbem-12589	239	4	the	the	DET
fbem-12589	239	5	transformation	transformation	NOUN
fbem-12589	239	6	and	and	CCONJ
fbem-12589	239	7	upgrading	upgrading	NOUN
fbem-12589	239	8	of	of	ADP
fbem-12589	239	9	the	the	DET
fbem-12589	239	10	manufacturing	manufacturing	NOUN
fbem-12589	239	11	industry	industry	NOUN
fbem-12589	239	12	driven	drive	VERB
fbem-12589	239	13	by	by	ADP
fbem-12589	239	14	the	the	DET
fbem-12589	239	15	digital	digital	ADJ
fbem-12589	239	16	economy	economy	NOUN
fbem-12589	239	17	:	:	PUNCT
fbem-12589	239	18	an	an	DET
fbem-12589	239	19	analysis	analysis	NOUN
fbem-12589	239	20	from	from	ADP
fbem-12589	239	21	the	the	DET
fbem-12589	239	22	perspective	perspective	NOUN
fbem-12589	239	23	of	of	ADP
fbem-12589	239	24	the	the	DET
fbem-12589	239	25	industrial	industrial	ADJ
fbem-12589	239	26	chain	chain	NOUN
fbem-12589	240	1	[	[	X
fbem-12589	240	2	j	j	X
fbem-12589	240	3	]	]	X
fbem-12589	240	4	.	.	PUNCT
fbem-12589	241	1	business	business	NOUN
fbem-12589	241	2	research	research	PROPN
fbem-12589	241	3	,	,	PUNCT
fbem-12589	241	4	2020	2020	NUM
fbem-12589	241	5	(	(	PUNCT
fbem-12589	241	6	02	02	NUM
fbem-12589	241	7	):	):	PUNCT
fbem-12589	241	8	73	73	NUM
fbem-12589	241	9	-	-	SYM
fbem-12589	241	10	82	82	NUM
fbem-12589	241	11	.	.	PUNCT
fbem-12589	242	1	doi	doi	NOUN
fbem-12589	242	2	:	:	PUNCT
fbem-12589	242	3	10.13902	10.13902	NUM
fbem-12589	242	4	/	/	SYM
fbem-12589	242	5	j.cnki	j.cnki	NOUN
fbem-12589	242	6	.	.	PUNCT
fbem-12589	242	7	syyj.2020.02.008	syyj.2020.02.008	NOUN
fbem-12589	243	1	[	[	X
fbem-12589	243	2	7	7	NUM
fbem-12589	243	3	]	]	X
fbem-12589	243	4	shen	shen	NOUN
fbem-12589	243	5	guobing	guobe	VERB
fbem-12589	243	6	,	,	PUNCT
fbem-12589	243	7	yuan	yuan	NOUN
fbem-12589	243	8	zhengyu	zhengyu	NOUN
fbem-12589	243	9	.	.	PUNCT
fbem-12589	244	1	the	the	DET
fbem-12589	244	2	impact	impact	NOUN
fbem-12589	244	3	of	of	ADP
fbem-12589	244	4	enterprise	enterprise	NOUN
fbem-12589	244	5	internetization	internetization	NOUN
fbem-12589	244	6	on	on	ADP
fbem-12589	244	7	innovation	innovation	NOUN
fbem-12589	244	8	and	and	CCONJ
fbem-12589	244	9	export	export	NOUN
fbem-12589	244	10	of	of	ADP
fbem-12589	244	11	chinese	chinese	ADJ
fbem-12589	244	12	enterprises	enterprise	NOUN
fbem-12589	244	13	[	[	X
fbem-12589	244	14	j	j	X
fbem-12589	244	15	]	]	X
fbem-12589	244	16	.	.	PUNCT
fbem-12589	245	1	economic	economic	ADJ
fbem-12589	245	2	research	research	NOUN
fbem-12589	245	3	,	,	PUNCT
fbem-12589	245	4	2020,55	2020,55	PROPN
fbem-12589	245	5	(	(	PUNCT
fbem-12589	245	6	01	01	NUM
fbem-12589	245	7	):	):	PUNCT
fbem-12589	245	8	33	33	NUM
fbem-12589	245	9	-	-	SYM
fbem-12589	245	10	48	48	NUM
fbem-12589	245	11	.	.	PUNCT
fbem-12589	246	1	[	[	X
fbem-12589	246	2	8	8	NUM
fbem-12589	246	3	]	]	PUNCT
fbem-12589	246	4	he	he	PRON
fbem-12589	246	5	fan	fan	PROPN
fbem-12589	246	6	,	,	PUNCT
fbem-12589	246	7	liu	liu	PROPN
fbem-12589	246	8	hongxia	hongxia	PROPN
fbem-12589	246	9	.	.	PUNCT
fbem-12589	247	1	evaluation	evaluation	NOUN
fbem-12589	247	2	of	of	ADP
fbem-12589	247	3	the	the	DET
fbem-12589	247	4	performance	performance	NOUN
fbem-12589	247	5	improvement	improvement	NOUN
fbem-12589	247	6	effect	effect	NOUN
fbem-12589	247	7	of	of	ADP
fbem-12589	247	8	digital	digital	ADJ
fbem-12589	247	9	transformation	transformation	NOUN
fbem-12589	247	10	in	in	ADP
fbem-12589	247	11	physical	physical	ADJ
fbem-12589	247	12	enterprises	enterprise	NOUN
fbem-12589	247	13	from	from	ADP
fbem-12589	247	14	the	the	DET
fbem-12589	247	15	perspective	perspective	NOUN
fbem-12589	247	16	of	of	ADP
fbem-12589	247	17	the	the	DET
fbem-12589	247	18	digital	digital	ADJ
fbem-12589	247	19	economy	economy	NOUN
fbem-12589	248	1	[	[	X
fbem-12589	248	2	j	j	X
fbem-12589	248	3	]	]	X
fbem-12589	248	4	.	.	PUNCT
fbem-12589	249	1	reform	reform	NOUN
fbem-12589	249	2	,	,	PUNCT
fbem-12589	249	3	2019	2019	NUM
fbem-12589	249	4	(	(	PUNCT
fbem-12589	249	5	04	04	NUM
fbem-12589	249	6	):	):	PUNCT
fbem-12589	249	7	137	137	NUM
fbem-12589	249	8	-	-	SYM
fbem-12589	249	9	148	148	NUM
fbem-12589	249	10	.	.	PUNCT
fbem-12589	250	1	[	[	X
fbem-12589	250	2	9	9	NUM
fbem-12589	250	3	]	]	X
fbem-12589	250	4	pei	pei	PROPN
fbem-12589	250	5	changhong	changhong	PROPN
fbem-12589	250	6	,	,	PUNCT
fbem-12589	250	7	ni	ni	PROPN
fbem-12589	250	8	jiangfei	jiangfei	PROPN
fbem-12589	250	9	,	,	PUNCT
fbem-12589	250	10	li	li	PROPN
fbem-12589	250	11	yue	yue	PROPN
fbem-12589	250	12	.	.	PUNCT
fbem-12589	250	13	political	political	ADJ
fbem-12589	250	14	economic	economic	ADJ
fbem-12589	250	15	analysis	analysis	NOUN
fbem-12589	250	16	of	of	ADP
fbem-12589	250	17	the	the	DET
fbem-12589	250	18	digital	digital	ADJ
fbem-12589	250	19	economy	economy	NOUN
fbem-12589	251	1	[	[	X
fbem-12589	251	2	j	j	X
fbem-12589	251	3	]	]	X
fbem-12589	251	4	.	.	PUNCT
fbem-12589	252	1	finance	finance	NOUN
fbem-12589	252	2	and	and	CCONJ
fbem-12589	252	3	trade	trade	NOUN
fbem-12589	252	4	economy	economy	NOUN
fbem-12589	252	5	,	,	PUNCT
fbem-12589	252	6	2018,39	2018,39	NUM
fbem-12589	252	7	(	(	PUNCT
fbem-12589	252	8	09	09	NUM
fbem-12589	252	9	):	):	PUNCT
fbem-12589	252	10	5	5	NUM
fbem-12589	252	11	-	-	SYM
fbem-12589	252	12	22	22	NUM
fbem-12589	252	13	.	.	PUNCT
fbem-12589	253	1	doi	doi	NOUN
fbem-12589	253	2	:	:	PUNCT
fbem-12589	253	3	10.19795	10.19795	NUM
fbem-12589	253	4	/	/	SYM
fbem-12589	253	5	j.cnki.cn111166	j.cnki.cn111166	PROPN
fbem-12589	253	6	/	/	SYM
fbem-12589	253	7	f.2018.09.001	f.2018.09.001	PROPN
fbem-12589	254	1	[	[	X
fbem-12589	254	2	10	10	NUM
fbem-12589	254	3	]	]	X
fbem-12589	254	4	li	li	PROPN
fbem-12589	254	5	bing	bing	PROPN
fbem-12589	254	6	,	,	PUNCT
fbem-12589	254	7	li	li	PROPN
fbem-12589	254	8	rou	rou	PROPN
fbem-12589	254	9	.	.	PUNCT
fbem-12589	255	1	the	the	DET
fbem-12589	255	2	internet	internet	NOUN
fbem-12589	255	3	and	and	CCONJ
fbem-12589	255	4	enterprise	enterprise	NOUN
fbem-12589	255	5	exports	export	NOUN
fbem-12589	255	6	:	:	PUNCT
fbem-12589	255	7	micro	micro	ADJ
fbem-12589	255	8	empirical	empirical	ADJ
fbem-12589	255	9	evidence	evidence	NOUN
fbem-12589	255	10	from	from	ADP
fbem-12589	255	11	chinese	chinese	ADJ
fbem-12589	255	12	industrial	industrial	ADJ
fbem-12589	255	13	enterprises	enterprise	NOUN
fbem-12589	255	14	[	[	X
fbem-12589	255	15	j	j	X
fbem-12589	255	16	]	]	X
fbem-12589	255	17	.	.	PUNCT
fbem-12589	256	1	world	world	NOUN
fbem-12589	256	2	economy	economy	NOUN
fbem-12589	256	3	,	,	PUNCT
fbem-12589	256	4	2017,40	2017,40	NUM
fbem-12589	256	5	(	(	PUNCT
fbem-12589	256	6	07	07	NUM
fbem-12589	256	7	):	):	PUNCT
fbem-12589	256	8	102	102	NUM
fbem-12589	256	9	-	-	SYM
fbem-12589	256	10	125	125	NUM
fbem-12589	256	11	.	.	PUNCT
fbem-12589	257	1	doi	doi	NOUN
fbem-12589	257	2	:	:	PUNCT
fbem-12589	257	3	10.19985	10.19985	NUM
fbem-12589	257	4	/	/	SYM
fbem-12589	257	5	j.cnki.cassjwe.2017.07.006	j.cnki.cassjwe.2017.07.006	ADJ