id	sid	tid	token	lemma	pos
fbem-13331	1	1	microsoft	microsoft	PROPN
fbem-13331	1	2	word	word	NOUN
fbem-13331	1	3	52-fbem63210排板.docx	52-fbem63210排板.docx	NUM
fbem-13331	1	4	frontiers	frontier	NOUN
fbem-13331	1	5	in	in	ADP
fbem-13331	1	6	business	business	NOUN
fbem-13331	1	7	,	,	PUNCT
fbem-13331	1	8	economics	economic	NOUN
fbem-13331	1	9	and	and	CCONJ
fbem-13331	1	10	management	management	NOUN
fbem-13331	1	11	issn	issn	PROPN
fbem-13331	1	12	:	:	PUNCT
fbem-13331	1	13	2766	2766	NUM
fbem-13331	1	14	-	-	PUNCT
fbem-13331	1	15	824x	824x	NUM
fbem-13331	1	16	|	|	ADJ
fbem-13331	1	17	vol	vol	NOUN
fbem-13331	1	18	.	.	PUNCT
fbem-13331	2	1	11	11	NUM
fbem-13331	2	2	,	,	PUNCT
fbem-13331	2	3	no	no	INTJ
fbem-13331	2	4	.	.	NOUN
fbem-13331	2	5	3	3	NUM
fbem-13331	2	6	,	,	PUNCT
fbem-13331	3	1	2023	2023	NUM
fbem-13331	3	2	275	275	NUM
fbem-13331	3	3	regional	regional	ADJ
fbem-13331	3	4	integration	integration	NOUN
fbem-13331	3	5	,	,	PUNCT
fbem-13331	3	6	venture	venture	NOUN
fbem-13331	3	7	capital	capital	NOUN
fbem-13331	3	8	and	and	CCONJ
fbem-13331	3	9	firm‐based	firm‐based	ADJ
fbem-13331	3	10	innovation	innovation	NOUN
fbem-13331	3	11	meimei	meimei	PROPN
fbem-13331	3	12	song1	song1	PROPN
fbem-13331	3	13	,	,	PUNCT
fbem-13331	3	14	*	*	PROPN
fbem-13331	3	15	1anhui	1anhui	NUM
fbem-13331	3	16	university	university	NOUN
fbem-13331	3	17	of	of	ADP
fbem-13331	3	18	finance	finance	NOUN
fbem-13331	3	19	and	and	CCONJ
fbem-13331	3	20	economics	economic	NOUN
fbem-13331	3	21	,	,	PUNCT
fbem-13331	3	22	233030	233030	NUM
fbem-13331	3	23	,	,	PUNCT
fbem-13331	3	24	china	china	PROPN
fbem-13331	3	25	*	*	PUNCT
fbem-13331	3	26	corresponding	correspond	VERB
fbem-13331	3	27	author	author	NOUN
fbem-13331	3	28	:	:	PUNCT
fbem-13331	3	29	meimei	meimei	PROPN
fbem-13331	3	30	song	song	NOUN
fbem-13331	3	31	(	(	PUNCT
fbem-13331	3	32	email	email	NOUN
fbem-13331	3	33	:	:	PUNCT
fbem-13331	3	34	meis9772@163.com	meis9772@163.com	X
fbem-13331	3	35	)	)	PUNCT
fbem-13331	3	36	abstract	abstract	NOUN
fbem-13331	3	37	:	:	PUNCT
fbem-13331	3	38	venture	venture	NOUN
fbem-13331	3	39	capital	capital	NOUN
fbem-13331	3	40	is	be	AUX
fbem-13331	3	41	a	a	DET
fbem-13331	3	42	source	source	NOUN
fbem-13331	3	43	of	of	ADP
fbem-13331	3	44	living	live	VERB
fbem-13331	3	45	water	water	NOUN
fbem-13331	3	46	for	for	ADP
fbem-13331	3	47	enterprises	enterprise	NOUN
fbem-13331	3	48	'	'	PART
fbem-13331	3	49	basic	basic	ADJ
fbem-13331	3	50	innovation	innovation	NOUN
fbem-13331	3	51	.	.	PUNCT
fbem-13331	4	1	in	in	ADP
fbem-13331	4	2	this	this	DET
fbem-13331	4	3	paper	paper	NOUN
fbem-13331	4	4	,	,	PUNCT
fbem-13331	4	5	we	we	PRON
fbem-13331	4	6	select	select	VERB
fbem-13331	4	7	investment	investment	NOUN
fbem-13331	4	8	events	event	NOUN
fbem-13331	4	9	in	in	ADP
fbem-13331	4	10	east	east	ADJ
fbem-13331	4	11	and	and	CCONJ
fbem-13331	4	12	central	central	ADJ
fbem-13331	4	13	china	china	PROPN
fbem-13331	4	14	from	from	ADP
fbem-13331	4	15	2005	2005	NUM
fbem-13331	4	16	-	-	SYM
fbem-13331	4	17	2019	2019	NUM
fbem-13331	4	18	,	,	PUNCT
fbem-13331	4	19	and	and	CCONJ
fbem-13331	4	20	use	use	VERB
fbem-13331	4	21	the	the	DET
fbem-13331	4	22	yangtze	yangtze	PROPN
fbem-13331	4	23	river	river	PROPN
fbem-13331	4	24	delta	delta	NOUN
fbem-13331	4	25	integration	integration	NOUN
fbem-13331	4	26	as	as	ADP
fbem-13331	4	27	a	a	DET
fbem-13331	4	28	natural	natural	ADJ
fbem-13331	4	29	experiment	experiment	NOUN
fbem-13331	4	30	to	to	PART
fbem-13331	4	31	test	test	VERB
fbem-13331	4	32	the	the	DET
fbem-13331	4	33	effect	effect	NOUN
fbem-13331	4	34	of	of	ADP
fbem-13331	4	35	integration	integration	NOUN
fbem-13331	4	36	policies	policy	NOUN
fbem-13331	4	37	on	on	ADP
fbem-13331	4	38	the	the	DET
fbem-13331	4	39	promotion	promotion	NOUN
fbem-13331	4	40	of	of	ADP
fbem-13331	4	41	basic	basic	ADJ
fbem-13331	4	42	innovation	innovation	NOUN
fbem-13331	4	43	by	by	ADP
fbem-13331	4	44	vcs	vcs	PROPN
fbem-13331	4	45	by	by	ADP
fbem-13331	4	46	applying	apply	VERB
fbem-13331	4	47	a	a	DET
fbem-13331	4	48	multi	multi	ADJ
fbem-13331	4	49	-	-	NOUN
fbem-13331	4	50	period	period	NOUN
fbem-13331	4	51	did	do	AUX
fbem-13331	4	52	model	model	NOUN
fbem-13331	4	53	.	.	PUNCT
fbem-13331	5	1	the	the	DET
fbem-13331	5	2	study	study	NOUN
fbem-13331	5	3	finds	find	VERB
fbem-13331	5	4	that	that	SCONJ
fbem-13331	5	5	:	:	PUNCT
fbem-13331	5	6	(	(	PUNCT
fbem-13331	5	7	1	1	X
fbem-13331	5	8	)	)	PUNCT
fbem-13331	5	9	regional	regional	ADJ
fbem-13331	5	10	integration	integration	NOUN
fbem-13331	5	11	enhances	enhance	VERB
fbem-13331	5	12	the	the	DET
fbem-13331	5	13	level	level	NOUN
fbem-13331	5	14	of	of	ADP
fbem-13331	5	15	basic	basic	ADJ
fbem-13331	5	16	innovation	innovation	NOUN
fbem-13331	5	17	of	of	ADP
fbem-13331	5	18	vc	vc	NOUN
fbem-13331	5	19	-	-	PUNCT
fbem-13331	5	20	intervened	intervene	VERB
fbem-13331	5	21	firms	firm	NOUN
fbem-13331	5	22	;	;	PUNCT
fbem-13331	5	23	(	(	PUNCT
fbem-13331	5	24	2	2	X
fbem-13331	5	25	)	)	PUNCT
fbem-13331	5	26	regional	regional	ADJ
fbem-13331	5	27	integration	integration	NOUN
fbem-13331	5	28	policies	policy	NOUN
fbem-13331	5	29	shorten	shorten	VERB
fbem-13331	5	30	the	the	DET
fbem-13331	5	31	institutional	institutional	ADJ
fbem-13331	5	32	distance	distance	NOUN
fbem-13331	5	33	between	between	ADP
fbem-13331	5	34	vcs	vcs	PROPN
fbem-13331	5	35	and	and	CCONJ
fbem-13331	5	36	invested	invest	VERB
fbem-13331	5	37	firms	firm	NOUN
fbem-13331	5	38	'	'	PART
fbem-13331	5	39	cities	city	NOUN
fbem-13331	5	40	,	,	PUNCT
fbem-13331	5	41	which	which	PRON
fbem-13331	5	42	in	in	ADP
fbem-13331	5	43	turn	turn	NOUN
fbem-13331	5	44	enhances	enhance	VERB
fbem-13331	5	45	the	the	DET
fbem-13331	5	46	promotional	promotional	ADJ
fbem-13331	5	47	effect	effect	NOUN
fbem-13331	5	48	of	of	ADP
fbem-13331	5	49	venture	venture	NOUN
fbem-13331	5	50	capital	capital	NOUN
fbem-13331	5	51	on	on	ADP
fbem-13331	5	52	the	the	DET
fbem-13331	5	53	basic	basic	ADJ
fbem-13331	5	54	innovation	innovation	NOUN
fbem-13331	5	55	of	of	ADP
fbem-13331	5	56	firms	firm	NOUN
fbem-13331	5	57	;	;	PUNCT
fbem-13331	5	58	(	(	PUNCT
fbem-13331	5	59	3	3	X
fbem-13331	5	60	)	)	PUNCT
fbem-13331	5	61	under	under	ADP
fbem-13331	5	62	the	the	DET
fbem-13331	5	63	background	background	NOUN
fbem-13331	5	64	of	of	ADP
fbem-13331	5	65	regional	regional	ADJ
fbem-13331	5	66	integration	integration	NOUN
fbem-13331	5	67	,	,	PUNCT
fbem-13331	5	68	the	the	DET
fbem-13331	5	69	growth	growth	NOUN
fbem-13331	5	70	of	of	ADP
fbem-13331	5	71	basic	basic	ADJ
fbem-13331	5	72	innovation	innovation	NOUN
fbem-13331	5	73	of	of	ADP
fbem-13331	5	74	state	state	NOUN
fbem-13331	5	75	-	-	PUNCT
fbem-13331	5	76	owned	own	VERB
fbem-13331	5	77	vc	vc	NOUN
fbem-13331	5	78	-	-	PUNCT
fbem-13331	5	79	intervened	intervene	VERB
fbem-13331	5	80	firms	firm	NOUN
fbem-13331	5	81	and	and	CCONJ
fbem-13331	5	82	strategic	strategic	ADJ
fbem-13331	5	83	emerging	emerge	VERB
fbem-13331	5	84	firms	firm	NOUN
fbem-13331	5	85	is	be	AUX
fbem-13331	5	86	more	more	ADV
fbem-13331	5	87	significant	significant	ADJ
fbem-13331	5	88	than	than	ADP
fbem-13331	5	89	that	that	PRON
fbem-13331	5	90	of	of	ADP
fbem-13331	5	91	private	private	ADJ
fbem-13331	5	92	vc	vc	NOUN
fbem-13331	5	93	-	-	PUNCT
fbem-13331	5	94	intervened	intervene	VERB
fbem-13331	5	95	firms	firm	NOUN
fbem-13331	5	96	and	and	CCONJ
fbem-13331	5	97	traditional	traditional	ADJ
fbem-13331	5	98	firms	firm	NOUN
fbem-13331	5	99	;	;	PUNCT
fbem-13331	5	100	(	(	PUNCT
fbem-13331	5	101	4	4	X
fbem-13331	5	102	)	)	PUNCT
fbem-13331	5	103	the	the	DET
fbem-13331	5	104	growth	growth	NOUN
fbem-13331	5	105	of	of	ADP
fbem-13331	5	106	basic	basic	ADJ
fbem-13331	5	107	innovation	innovation	NOUN
fbem-13331	5	108	of	of	ADP
fbem-13331	5	109	state	state	NOUN
fbem-13331	5	110	-	-	PUNCT
fbem-13331	5	111	owned	own	VERB
fbem-13331	5	112	vc	vc	NOUN
fbem-13331	5	113	-	-	PUNCT
fbem-13331	5	114	intervened	intervene	VERB
fbem-13331	5	115	firms	firm	NOUN
fbem-13331	5	116	and	and	CCONJ
fbem-13331	5	117	strategic	strategic	ADJ
fbem-13331	5	118	emerging	emerge	VERB
fbem-13331	5	119	firms	firm	NOUN
fbem-13331	5	120	is	be	AUX
fbem-13331	5	121	more	more	ADV
fbem-13331	5	122	significant	significant	ADJ
fbem-13331	5	123	than	than	ADP
fbem-13331	5	124	that	that	PRON
fbem-13331	5	125	of	of	ADP
fbem-13331	5	126	private	private	ADJ
fbem-13331	5	127	vc	vc	NOUN
fbem-13331	5	128	-	-	PUNCT
fbem-13331	5	129	intervened	intervene	VERB
fbem-13331	5	130	firms	firm	NOUN
fbem-13331	5	131	.	.	PUNCT
fbem-13331	6	1	emerging	emerge	VERB
fbem-13331	6	2	firms	firm	NOUN
fbem-13331	6	3	have	have	VERB
fbem-13331	6	4	faster	fast	ADJ
fbem-13331	6	5	growth	growth	NOUN
fbem-13331	6	6	in	in	ADP
fbem-13331	6	7	basic	basic	ADJ
fbem-13331	6	8	innovation	innovation	NOUN
fbem-13331	6	9	.	.	PUNCT
fbem-13331	7	1	the	the	DET
fbem-13331	7	2	findings	finding	NOUN
fbem-13331	7	3	of	of	ADP
fbem-13331	7	4	the	the	DET
fbem-13331	7	5	study	study	NOUN
fbem-13331	7	6	are	be	AUX
fbem-13331	7	7	of	of	ADP
fbem-13331	7	8	great	great	ADJ
fbem-13331	7	9	significance	significance	NOUN
fbem-13331	7	10	in	in	ADP
fbem-13331	7	11	identifying	identify	VERB
fbem-13331	7	12	the	the	DET
fbem-13331	7	13	extent	extent	NOUN
fbem-13331	7	14	of	of	ADP
fbem-13331	7	15	the	the	DET
fbem-13331	7	16	impact	impact	NOUN
fbem-13331	7	17	of	of	ADP
fbem-13331	7	18	integration	integration	NOUN
fbem-13331	7	19	development	development	NOUN
fbem-13331	7	20	strategy	strategy	NOUN
fbem-13331	7	21	on	on	ADP
fbem-13331	7	22	vc	vc	PROPN
fbem-13331	7	23	's	's	PART
fbem-13331	7	24	promotion	promotion	NOUN
fbem-13331	7	25	of	of	ADP
fbem-13331	7	26	enterprises	enterprise	NOUN
fbem-13331	7	27	'	'	PART
fbem-13331	7	28	fundamental	fundamental	ADJ
fbem-13331	7	29	innovation	innovation	NOUN
fbem-13331	7	30	,	,	PUNCT
fbem-13331	7	31	and	and	CCONJ
fbem-13331	7	32	in	in	ADP
fbem-13331	7	33	targeting	target	VERB
fbem-13331	7	34	the	the	DET
fbem-13331	7	35	direction	direction	NOUN
fbem-13331	7	36	of	of	ADP
fbem-13331	7	37	development	development	NOUN
fbem-13331	7	38	of	of	ADP
fbem-13331	7	39	china	china	PROPN
fbem-13331	7	40	's	's	PART
fbem-13331	7	41	venture	venture	NOUN
fbem-13331	7	42	capital	capital	NOUN
fbem-13331	7	43	,	,	PUNCT
fbem-13331	7	44	and	and	CCONJ
fbem-13331	7	45	in	in	ADP
fbem-13331	7	46	promoting	promote	VERB
fbem-13331	7	47	the	the	DET
fbem-13331	7	48	improvement	improvement	NOUN
fbem-13331	7	49	of	of	ADP
fbem-13331	7	50	the	the	DET
fbem-13331	7	51	innovation	innovation	NOUN
fbem-13331	7	52	capacity	capacity	NOUN
fbem-13331	7	53	of	of	ADP
fbem-13331	7	54	real	real	ADJ
fbem-13331	7	55	enterprises	enterprise	NOUN
fbem-13331	7	56	.	.	PUNCT
fbem-13331	8	1	keywords	keyword	NOUN
fbem-13331	8	2	:	:	PUNCT
fbem-13331	8	3	integration	integration	NOUN
fbem-13331	8	4	policy	policy	NOUN
fbem-13331	8	5	;	;	PUNCT
fbem-13331	8	6	venture	venture	NOUN
fbem-13331	8	7	capital	capital	NOUN
fbem-13331	8	8	;	;	PUNCT
fbem-13331	8	9	institutional	institutional	ADJ
fbem-13331	8	10	distance	distance	NOUN
fbem-13331	8	11	;	;	PUNCT
fbem-13331	8	12	basic	basic	ADJ
fbem-13331	8	13	innovation	innovation	NOUN
fbem-13331	8	14	.	.	PUNCT
fbem-13331	9	1	1	1	X
fbem-13331	9	2	.	.	X
fbem-13331	9	3	introduction	introduction	NOUN
fbem-13331	9	4	china	china	PROPN
fbem-13331	9	5	is	be	AUX
fbem-13331	9	6	facing	face	VERB
fbem-13331	9	7	the	the	DET
fbem-13331	9	8	double	double	ADJ
fbem-13331	9	9	pressure	pressure	NOUN
fbem-13331	9	10	of	of	ADP
fbem-13331	9	11	uncertain	uncertain	ADJ
fbem-13331	9	12	international	international	ADJ
fbem-13331	9	13	environment	environment	NOUN
fbem-13331	9	14	and	and	CCONJ
fbem-13331	9	15	outstanding	outstanding	ADJ
fbem-13331	9	16	domestic	domestic	ADJ
fbem-13331	9	17	structural	structural	ADJ
fbem-13331	9	18	contradictions	contradiction	NOUN
fbem-13331	9	19	,	,	PUNCT
fbem-13331	9	20	adhering	adhere	VERB
fbem-13331	9	21	to	to	ADP
fbem-13331	9	22	the	the	DET
fbem-13331	9	23	road	road	NOUN
fbem-13331	9	24	of	of	ADP
fbem-13331	9	25	independent	independent	ADJ
fbem-13331	9	26	innovation	innovation	NOUN
fbem-13331	9	27	with	with	ADP
fbem-13331	9	28	chinese	chinese	ADJ
fbem-13331	9	29	characteristics	characteristic	NOUN
fbem-13331	9	30	,	,	PUNCT
fbem-13331	9	31	implementing	implement	VERB
fbem-13331	9	32	the	the	DET
fbem-13331	9	33	innovation	innovation	NOUN
fbem-13331	9	34	-	-	PUNCT
fbem-13331	9	35	driven	drive	VERB
fbem-13331	9	36	development	development	NOUN
fbem-13331	9	37	strategy	strategy	NOUN
fbem-13331	9	38	,	,	PUNCT
fbem-13331	9	39	and	and	CCONJ
fbem-13331	9	40	continuously	continuously	ADV
fbem-13331	9	41	shaping	shape	VERB
fbem-13331	9	42	new	new	ADJ
fbem-13331	9	43	momentum	momentum	NOUN
fbem-13331	9	44	and	and	CCONJ
fbem-13331	9	45	new	new	ADJ
fbem-13331	9	46	advantages	advantage	NOUN
fbem-13331	9	47	in	in	ADP
fbem-13331	9	48	development	development	NOUN
fbem-13331	9	49	are	be	AUX
fbem-13331	9	50	the	the	DET
fbem-13331	9	51	key	key	ADJ
fbem-13331	9	52	links	link	NOUN
fbem-13331	9	53	to	to	PART
fbem-13331	9	54	solve	solve	VERB
fbem-13331	9	55	the	the	DET
fbem-13331	9	56	current	current	ADJ
fbem-13331	9	57	problems	problem	NOUN
fbem-13331	9	58	and	and	CCONJ
fbem-13331	9	59	promote	promote	VERB
fbem-13331	9	60	the	the	DET
fbem-13331	9	61	long	long	ADJ
fbem-13331	9	62	-	-	PUNCT
fbem-13331	9	63	term	term	NOUN
fbem-13331	9	64	and	and	CCONJ
fbem-13331	9	65	stable	stable	ADJ
fbem-13331	9	66	growth	growth	NOUN
fbem-13331	9	67	of	of	ADP
fbem-13331	9	68	the	the	DET
fbem-13331	9	69	economy	economy	NOUN
fbem-13331	9	70	.	.	PUNCT
fbem-13331	10	1	the	the	DET
fbem-13331	10	2	twentieth	twentieth	PROPN
fbem-13331	10	3	report	report	NOUN
fbem-13331	10	4	stressed	stress	VERB
fbem-13331	10	5	that	that	SCONJ
fbem-13331	10	6	"	"	PUNCT
fbem-13331	10	7	adhere	adhere	VERB
fbem-13331	10	8	to	to	ADP
fbem-13331	10	9	the	the	DET
fbem-13331	10	10	core	core	NOUN
fbem-13331	10	11	position	position	NOUN
fbem-13331	10	12	of	of	ADP
fbem-13331	10	13	innovation	innovation	NOUN
fbem-13331	10	14	in	in	ADP
fbem-13331	10	15	the	the	DET
fbem-13331	10	16	overall	overall	ADJ
fbem-13331	10	17	situation	situation	NOUN
fbem-13331	10	18	of	of	ADP
fbem-13331	10	19	china	china	PROPN
fbem-13331	10	20	's	's	PART
fbem-13331	10	21	modernisation	modernisation	NOUN
fbem-13331	10	22	and	and	CCONJ
fbem-13331	10	23	construction	construction	NOUN
fbem-13331	10	24	,	,	PUNCT
fbem-13331	10	25	......	......	PUNCT
fbem-13331	10	26	oriented	orient	VERB
fbem-13331	10	27	to	to	ADP
fbem-13331	10	28	the	the	DET
fbem-13331	10	29	national	national	ADJ
fbem-13331	10	30	strategic	strategic	ADJ
fbem-13331	10	31	needs	need	NOUN
fbem-13331	10	32	,	,	PUNCT
fbem-13331	10	33	to	to	PART
fbem-13331	10	34	gather	gather	VERB
fbem-13331	10	35	forces	force	NOUN
fbem-13331	10	36	to	to	PART
fbem-13331	10	37	carry	carry	VERB
fbem-13331	10	38	out	out	ADP
fbem-13331	10	39	original	original	ADJ
fbem-13331	10	40	leading	lead	VERB
fbem-13331	10	41	scientific	scientific	ADJ
fbem-13331	10	42	and	and	CCONJ
fbem-13331	10	43	technological	technological	ADJ
fbem-13331	10	44	research	research	NOUN
fbem-13331	10	45	,	,	PUNCT
fbem-13331	10	46	and	and	CCONJ
fbem-13331	10	47	resolutely	resolutely	ADV
fbem-13331	10	48	win	win	VERB
fbem-13331	10	49	the	the	DET
fbem-13331	10	50	battle	battle	NOUN
fbem-13331	10	51	of	of	ADP
fbem-13331	10	52	the	the	DET
fbem-13331	10	53	key	key	ADJ
fbem-13331	10	54	core	core	NOUN
fbem-13331	10	55	technologies	technology	NOUN
fbem-13331	10	56	"	"	PUNCT
fbem-13331	10	57	.	.	PUNCT
fbem-13331	11	1	entity	entity	NOUN
fbem-13331	11	2	enterprises	enterprise	NOUN
fbem-13331	11	3	are	be	AUX
fbem-13331	11	4	the	the	DET
fbem-13331	11	5	main	main	ADJ
fbem-13331	11	6	force	force	NOUN
fbem-13331	11	7	of	of	ADP
fbem-13331	11	8	china	china	PROPN
fbem-13331	11	9	's	's	PART
fbem-13331	11	10	original	original	ADJ
fbem-13331	11	11	technological	technological	ADJ
fbem-13331	11	12	development	development	NOUN
fbem-13331	11	13	,	,	PUNCT
fbem-13331	11	14	and	and	CCONJ
fbem-13331	11	15	consolidating	consolidate	VERB
fbem-13331	11	16	the	the	DET
fbem-13331	11	17	status	status	NOUN
fbem-13331	11	18	of	of	ADP
fbem-13331	11	19	enterprise	enterprise	NOUN
fbem-13331	11	20	innovation	innovation	NOUN
fbem-13331	11	21	main	main	ADJ
fbem-13331	11	22	body	body	NOUN
fbem-13331	11	23	is	be	AUX
fbem-13331	11	24	the	the	DET
fbem-13331	11	25	key	key	NOUN
fbem-13331	11	26	to	to	ADP
fbem-13331	11	27	china	china	PROPN
fbem-13331	11	28	's	's	PART
fbem-13331	11	29	innovation	innovation	NOUN
fbem-13331	11	30	capacity	capacity	NOUN
fbem-13331	11	31	building	building	NOUN
fbem-13331	11	32	.	.	PUNCT
fbem-13331	12	1	enterprise	enterprise	NOUN
fbem-13331	12	2	technological	technological	ADJ
fbem-13331	12	3	innovation	innovation	NOUN
fbem-13331	12	4	,	,	PUNCT
fbem-13331	12	5	especially	especially	ADV
fbem-13331	12	6	new	new	ADJ
fbem-13331	12	7	inventions	invention	NOUN
fbem-13331	12	8	,	,	PUNCT
fbem-13331	12	9	new	new	ADJ
fbem-13331	12	10	creations	creation	NOUN
fbem-13331	12	11	as	as	ADP
fbem-13331	12	12	the	the	DET
fbem-13331	12	13	main	main	ADJ
fbem-13331	12	14	content	content	NOUN
fbem-13331	12	15	of	of	ADP
fbem-13331	12	16	the	the	DET
fbem-13331	12	17	basic	basic	ADJ
fbem-13331	12	18	innovation	innovation	NOUN
fbem-13331	12	19	due	due	ADP
fbem-13331	12	20	to	to	ADP
fbem-13331	12	21	its	its	PRON
fbem-13331	12	22	inherent	inherent	ADJ
fbem-13331	12	23	high	high	ADJ
fbem-13331	12	24	-	-	PUNCT
fbem-13331	12	25	risk	risk	NOUN
fbem-13331	12	26	,	,	PUNCT
fbem-13331	12	27	high	high	ADJ
fbem-13331	12	28	investment	investment	NOUN
fbem-13331	12	29	,	,	PUNCT
fbem-13331	12	30	long	long	ADJ
fbem-13331	12	31	cycle	cycle	NOUN
fbem-13331	12	32	and	and	CCONJ
fbem-13331	12	33	other	other	ADJ
fbem-13331	12	34	characteristics	characteristic	NOUN
fbem-13331	12	35	of	of	ADP
fbem-13331	12	36	the	the	DET
fbem-13331	12	37	long	long	ADJ
fbem-13331	12	38	-	-	PUNCT
fbem-13331	12	39	term	term	NOUN
fbem-13331	12	40	face	face	NOUN
fbem-13331	12	41	of	of	ADP
fbem-13331	12	42	the	the	DET
fbem-13331	12	43	plight	plight	NOUN
fbem-13331	12	44	of	of	ADP
fbem-13331	12	45	insufficient	insufficient	ADJ
fbem-13331	12	46	resource	resource	NOUN
fbem-13331	12	47	input	input	NOUN
fbem-13331	12	48	.	.	PUNCT
fbem-13331	13	1	venture	venture	NOUN
fbem-13331	13	2	capital	capital	NOUN
fbem-13331	13	3	,	,	PUNCT
fbem-13331	13	4	as	as	ADP
fbem-13331	13	5	an	an	DET
fbem-13331	13	6	important	important	ADJ
fbem-13331	13	7	external	external	ADJ
fbem-13331	13	8	strategic	strategic	ADJ
fbem-13331	13	9	investor	investor	NOUN
fbem-13331	13	10	,	,	PUNCT
fbem-13331	13	11	plays	play	VERB
fbem-13331	13	12	a	a	DET
fbem-13331	13	13	key	key	ADJ
fbem-13331	13	14	role	role	NOUN
fbem-13331	13	15	in	in	ADP
fbem-13331	13	16	supporting	support	VERB
fbem-13331	13	17	enterprise	enterprise	NOUN
fbem-13331	13	18	innovation	innovation	NOUN
fbem-13331	13	19	and	and	CCONJ
fbem-13331	13	20	development	development	NOUN
fbem-13331	13	21	.	.	PUNCT
fbem-13331	14	1	wu	wu	PROPN
fbem-13331	14	2	,	,	PUNCT
fbem-13331	14	3	you	you	PRON
fbem-13331	14	4	,	,	PUNCT
fbem-13331	14	5	and	and	CCONJ
fbem-13331	14	6	dong	dong	NOUN
fbem-13331	14	7	(	(	PUNCT
fbem-13331	14	8	2022	2022	NUM
fbem-13331	14	9	)	)	PUNCT
fbem-13331	14	10	found	find	VERB
fbem-13331	14	11	that	that	SCONJ
fbem-13331	14	12	venture	venture	NOUN
fbem-13331	14	13	capital	capital	NOUN
fbem-13331	14	14	can	can	AUX
fbem-13331	14	15	enhance	enhance	VERB
fbem-13331	14	16	fundamental	fundamental	ADJ
fbem-13331	14	17	innovation	innovation	NOUN
fbem-13331	14	18	through	through	ADP
fbem-13331	14	19	"	"	PUNCT
fbem-13331	14	20	value	value	NOUN
fbem-13331	14	21	-	-	PUNCT
fbem-13331	14	22	added	add	VERB
fbem-13331	14	23	and	and	CCONJ
fbem-13331	14	24	monitoring	monitoring	NOUN
fbem-13331	14	25	effects	effect	NOUN
fbem-13331	14	26	"	"	PUNCT
fbem-13331	14	27	.	.	PUNCT
fbem-13331	15	1	although	although	SCONJ
fbem-13331	15	2	vc	vc	PROPN
fbem-13331	15	3	intervention	intervention	NOUN
fbem-13331	15	4	may	may	AUX
fbem-13331	15	5	contribute	contribute	VERB
fbem-13331	15	6	to	to	ADP
fbem-13331	15	7	the	the	DET
fbem-13331	15	8	development	development	NOUN
fbem-13331	15	9	of	of	ADP
fbem-13331	15	10	firms	firm	NOUN
fbem-13331	15	11	'	'	PART
fbem-13331	15	12	basic	basic	ADJ
fbem-13331	15	13	innovations	innovation	NOUN
fbem-13331	15	14	,	,	PUNCT
fbem-13331	15	15	previous	previous	ADJ
fbem-13331	15	16	studies	study	NOUN
fbem-13331	15	17	have	have	AUX
fbem-13331	15	18	found	find	VERB
fbem-13331	15	19	that	that	SCONJ
fbem-13331	15	20	vcs	vcs	NOUN
fbem-13331	15	21	play	play	VERB
fbem-13331	15	22	an	an	DET
fbem-13331	15	23	important	important	ADJ
fbem-13331	15	24	role	role	NOUN
fbem-13331	15	25	in	in	ADP
fbem-13331	15	26	the	the	DET
fbem-13331	15	27	development	development	NOUN
fbem-13331	15	28	of	of	ADP
fbem-13331	15	29	firms	firm	NOUN
fbem-13331	15	30	'	'	PART
fbem-13331	15	31	basic	basic	ADJ
fbem-13331	15	32	innovations	innovation	NOUN
fbem-13331	15	33	.	.	PUNCT
fbem-13331	16	1	however	however	ADV
fbem-13331	16	2	,	,	PUNCT
fbem-13331	16	3	previous	previous	ADJ
fbem-13331	16	4	studies	study	NOUN
fbem-13331	16	5	have	have	AUX
fbem-13331	16	6	found	find	VERB
fbem-13331	16	7	that	that	SCONJ
fbem-13331	16	8	vcs	vcs	NOUN
fbem-13331	16	9	prefer	prefer	VERB
fbem-13331	16	10	local	local	ADJ
fbem-13331	16	11	firms	firm	NOUN
fbem-13331	16	12	in	in	ADP
fbem-13331	16	13	the	the	DET
fbem-13331	16	14	prescreening	prescreening	NOUN
fbem-13331	16	15	stage	stage	NOUN
fbem-13331	16	16	(	(	PUNCT
fbem-13331	16	17	cumming	cumming	NOUN
fbem-13331	16	18	and	and	CCONJ
fbem-13331	16	19	dai	dai	PROPN
fbem-13331	16	20	,	,	PUNCT
fbem-13331	16	21	2010	2010	NUM
fbem-13331	16	22	;	;	PUNCT
fbem-13331	16	23	zhang	zhang	PROPN
fbem-13331	16	24	xueyong	xueyong	PROPN
fbem-13331	16	25	et	et	PROPN
fbem-13331	16	26	al	al	PROPN
fbem-13331	16	27	.	.	PROPN
fbem-13331	16	28	,	,	PUNCT
fbem-13331	16	29	2016	2016	NUM
fbem-13331	16	30	)	)	PUNCT
fbem-13331	16	31	,	,	PUNCT
fbem-13331	16	32	resulting	result	VERB
fbem-13331	16	33	in	in	ADP
fbem-13331	16	34	high	high	ADJ
fbem-13331	16	35	-	-	PUNCT
fbem-13331	16	36	quality	quality	NOUN
fbem-13331	16	37	projects	project	NOUN
fbem-13331	16	38	that	that	PRON
fbem-13331	16	39	are	be	AUX
fbem-13331	16	40	difficult	difficult	ADJ
fbem-13331	16	41	to	to	PART
fbem-13331	16	42	be	be	AUX
fbem-13331	16	43	favoured	favour	VERB
fbem-13331	16	44	by	by	ADP
fbem-13331	16	45	vcs	vcs	PROPN
fbem-13331	16	46	and	and	CCONJ
fbem-13331	16	47	have	have	VERB
fbem-13331	16	48	weaker	weak	ADJ
fbem-13331	16	49	innovation	innovation	NOUN
fbem-13331	16	50	potential	potential	NOUN
fbem-13331	16	51	.	.	PUNCT
fbem-13331	17	1	the	the	DET
fbem-13331	17	2	reasons	reason	NOUN
fbem-13331	17	3	for	for	ADP
fbem-13331	17	4	this	this	PRON
fbem-13331	17	5	are	be	AUX
fbem-13331	17	6	,	,	PUNCT
fbem-13331	17	7	firstly	firstly	ADV
fbem-13331	17	8	,	,	PUNCT
fbem-13331	17	9	the	the	DET
fbem-13331	17	10	geographical	geographical	ADJ
fbem-13331	17	11	distance	distance	NOUN
fbem-13331	17	12	between	between	ADP
fbem-13331	17	13	vcs	vcs	PROPN
fbem-13331	17	14	and	and	CCONJ
fbem-13331	17	15	investee	investee	NOUN
fbem-13331	17	16	companies	company	NOUN
fbem-13331	17	17	is	be	AUX
fbem-13331	17	18	too	too	ADV
fbem-13331	17	19	far	far	ADV
fbem-13331	17	20	,	,	PUNCT
fbem-13331	17	21	which	which	PRON
fbem-13331	17	22	will	will	AUX
fbem-13331	17	23	increase	increase	VERB
fbem-13331	17	24	the	the	DET
fbem-13331	17	25	degree	degree	NOUN
fbem-13331	17	26	of	of	ADP
fbem-13331	17	27	information	information	NOUN
fbem-13331	17	28	asymmetry	asymmetry	NOUN
fbem-13331	17	29	between	between	ADP
fbem-13331	17	30	the	the	DET
fbem-13331	17	31	two	two	NUM
fbem-13331	17	32	parties	party	NOUN
fbem-13331	17	33	to	to	ADP
fbem-13331	17	34	the	the	DET
fbem-13331	17	35	transaction	transaction	NOUN
fbem-13331	17	36	and	and	CCONJ
fbem-13331	17	37	exacerbate	exacerbate	VERB
fbem-13331	17	38	the	the	DET
fbem-13331	17	39	occurrence	occurrence	NOUN
fbem-13331	17	40	of	of	ADP
fbem-13331	17	41	the	the	DET
fbem-13331	17	42	principal	principal	ADJ
fbem-13331	17	43	-	-	PUNCT
fbem-13331	17	44	agent	agent	NOUN
fbem-13331	17	45	problem	problem	NOUN
fbem-13331	17	46	(	(	PUNCT
fbem-13331	17	47	arthurs	arthurs	PROPN
fbem-13331	17	48	and	and	CCONJ
fbem-13331	17	49	busenit	busenit	NOUN
fbem-13331	17	50	,	,	PUNCT
fbem-13331	17	51	2003	2003	NUM
fbem-13331	17	52	;	;	PUNCT
fbem-13331	17	53	xu	xu	PROPN
fbem-13331	17	54	hong	hong	PROPN
fbem-13331	17	55	and	and	CCONJ
fbem-13331	17	56	zhu	zhu	PROPN
fbem-13331	17	57	daoli	daoli	NOUN
fbem-13331	17	58	,	,	PUNCT
fbem-13331	17	59	2022	2022	NUM
fbem-13331	17	60	)	)	PUNCT
fbem-13331	17	61	;	;	PUNCT
fbem-13331	17	62	and	and	CCONJ
fbem-13331	17	63	secondly	secondly	ADV
fbem-13331	17	64	,	,	PUNCT
fbem-13331	17	65	the	the	DET
fbem-13331	17	66	systems	system	NOUN
fbem-13331	17	67	and	and	CCONJ
fbem-13331	17	68	norms	norm	NOUN
fbem-13331	17	69	vary	vary	VERB
fbem-13331	17	70	across	across	ADP
fbem-13331	17	71	china	china	PROPN
fbem-13331	17	72	,	,	PUNCT
fbem-13331	17	73	and	and	CCONJ
fbem-13331	17	74	the	the	DET
fbem-13331	17	75	tacit	tacit	ADJ
fbem-13331	17	76	knowledge	knowledge	NOUN
fbem-13331	17	77	possessed	possess	VERB
fbem-13331	17	78	by	by	ADP
fbem-13331	17	79	vcs	vcs	PROPN
fbem-13331	17	80	will	will	AUX
fbem-13331	17	81	be	be	AUX
fbem-13331	17	82	difficult	difficult	ADJ
fbem-13331	17	83	to	to	PART
fbem-13331	17	84	be	be	AUX
fbem-13331	17	85	successfully	successfully	ADV
fbem-13331	17	86	transferred	transfer	VERB
fbem-13331	17	87	(	(	PUNCT
fbem-13331	17	88	song	song	NOUN
fbem-13331	17	89	yuanyang	yuanyang	PROPN
fbem-13331	17	90	,	,	PUNCT
fbem-13331	17	91	2015	2015	NUM
fbem-13331	17	92	)	)	PUNCT
fbem-13331	17	93	;	;	PUNCT
fbem-13331	17	94	finally	finally	ADV
fbem-13331	17	95	,	,	PUNCT
fbem-13331	17	96	there	there	PRON
fbem-13331	17	97	is	be	VERB
fbem-13331	17	98	a	a	DET
fbem-13331	17	99	circle	circle	NOUN
fbem-13331	17	100	culture	culture	NOUN
fbem-13331	17	101	in	in	ADP
fbem-13331	17	102	the	the	DET
fbem-13331	17	103	venture	venture	NOUN
fbem-13331	17	104	capital	capital	NOUN
fbem-13331	17	105	industry	industry	NOUN
fbem-13331	17	106	(	(	PUNCT
fbem-13331	17	107	luo	luo	PROPN
fbem-13331	17	108	jiade	jiade	PROPN
fbem-13331	17	109	et	et	PROPN
fbem-13331	17	110	al	al	PROPN
fbem-13331	17	111	.	.	PROPN
fbem-13331	17	112	,	,	PUNCT
fbem-13331	17	113	2014	2014	NUM
fbem-13331	17	114	)	)	PUNCT
fbem-13331	17	115	,	,	PUNCT
fbem-13331	17	116	vcs	vcs	PROPN
fbem-13331	17	117	have	have	VERB
fbem-13331	17	118	denser	dense	ADJ
fbem-13331	17	119	social	social	ADJ
fbem-13331	17	120	networks	network	NOUN
fbem-13331	17	121	locally	locally	ADV
fbem-13331	17	122	(	(	PUNCT
fbem-13331	17	123	qi	qi	PROPN
fbem-13331	17	124	yong	yong	PROPN
fbem-13331	17	125	et	et	PROPN
fbem-13331	17	126	al	al	PROPN
fbem-13331	17	127	.	.	PROPN
fbem-13331	17	128	,	,	PUNCT
fbem-13331	17	129	2022	2022	NUM
fbem-13331	17	130	)	)	PUNCT
fbem-13331	17	131	,	,	PUNCT
fbem-13331	17	132	and	and	CCONJ
fbem-13331	17	133	local	local	ADJ
fbem-13331	17	134	investment	investment	NOUN
fbem-13331	17	135	can	can	AUX
fbem-13331	17	136	not	not	PART
fbem-13331	17	137	only	only	ADV
fbem-13331	17	138	make	make	VERB
fbem-13331	17	139	use	use	NOUN
fbem-13331	17	140	of	of	ADP
fbem-13331	17	141	local	local	ADJ
fbem-13331	17	142	circles	circle	NOUN
fbem-13331	17	143	to	to	PART
fbem-13331	17	144	understand	understand	VERB
fbem-13331	17	145	the	the	DET
fbem-13331	17	146	basic	basic	ADJ
fbem-13331	17	147	information	information	NOUN
fbem-13331	17	148	of	of	ADP
fbem-13331	17	149	the	the	DET
fbem-13331	17	150	investee	investee	NOUN
fbem-13331	17	151	,	,	PUNCT
fbem-13331	17	152	but	but	CCONJ
fbem-13331	17	153	also	also	ADV
fbem-13331	17	154	make	make	VERB
fbem-13331	17	155	use	use	NOUN
fbem-13331	17	156	of	of	ADP
fbem-13331	17	157	the	the	DET
fbem-13331	17	158	social	social	ADJ
fbem-13331	17	159	network	network	NOUN
fbem-13331	17	160	relationship	relationship	NOUN
fbem-13331	17	161	to	to	PART
fbem-13331	17	162	achieve	achieve	VERB
fbem-13331	17	163	enterprise	enterprise	NOUN
fbem-13331	17	164	value	value	NOUN
fbem-13331	17	165	-	-	PUNCT
fbem-13331	17	166	added	add	VERB
fbem-13331	17	167	.	.	PUNCT
fbem-13331	18	1	in	in	ADP
fbem-13331	18	2	summary	summary	NOUN
fbem-13331	18	3	,	,	PUNCT
fbem-13331	18	4	venture	venture	NOUN
fbem-13331	18	5	capital	capital	NOUN
fbem-13331	18	6	has	have	VERB
fbem-13331	18	7	local	local	ADJ
fbem-13331	18	8	preference	preference	NOUN
fbem-13331	18	9	behaviour	behaviour	NOUN
fbem-13331	18	10	,	,	PUNCT
fbem-13331	18	11	and	and	CCONJ
fbem-13331	18	12	there	there	PRON
fbem-13331	18	13	is	be	VERB
fbem-13331	18	14	the	the	DET
fbem-13331	18	15	phenomenon	phenomenon	NOUN
fbem-13331	18	16	of	of	ADP
fbem-13331	18	17	"	"	PUNCT
fbem-13331	18	18	bole	bole	NOUN
fbem-13331	18	19	"	"	PUNCT
fbem-13331	18	20	and	and	CCONJ
fbem-13331	18	21	"	"	PUNCT
fbem-13331	18	22	qianlima	qianlima	ADJ
fbem-13331	18	23	"	"	PUNCT
fbem-13331	18	24	not	not	PART
fbem-13331	18	25	knowing	know	VERB
fbem-13331	18	26	each	each	DET
fbem-13331	18	27	other	other	ADJ
fbem-13331	18	28	,	,	PUNCT
fbem-13331	18	29	which	which	PRON
fbem-13331	18	30	leads	lead	VERB
fbem-13331	18	31	to	to	ADP
fbem-13331	18	32	the	the	DET
fbem-13331	18	33	lack	lack	NOUN
fbem-13331	18	34	of	of	ADP
fbem-13331	18	35	efficiency	efficiency	NOUN
fbem-13331	18	36	of	of	ADP
fbem-13331	18	37	enterprise	enterprise	NOUN
fbem-13331	18	38	basic	basic	ADJ
fbem-13331	18	39	innovation	innovation	NOUN
fbem-13331	18	40	.	.	PUNCT
fbem-13331	19	1	the	the	DET
fbem-13331	19	2	proposed	propose	VERB
fbem-13331	19	3	regional	regional	ADJ
fbem-13331	19	4	integration	integration	NOUN
fbem-13331	19	5	strategy	strategy	NOUN
fbem-13331	19	6	aims	aim	VERB
fbem-13331	19	7	to	to	PART
fbem-13331	19	8	promote	promote	VERB
fbem-13331	19	9	innovation	innovation	NOUN
fbem-13331	19	10	and	and	CCONJ
fbem-13331	19	11	sharing	share	VERB
fbem-13331	19	12	across	across	ADP
fbem-13331	19	13	the	the	DET
fbem-13331	19	14	region	region	NOUN
fbem-13331	19	15	,	,	PUNCT
fbem-13331	19	16	break	break	VERB
fbem-13331	19	17	down	down	ADP
fbem-13331	19	18	administrative	administrative	ADJ
fbem-13331	19	19	barriers	barrier	NOUN
fbem-13331	19	20	,	,	PUNCT
fbem-13331	19	21	and	and	CCONJ
fbem-13331	19	22	form	form	VERB
fbem-13331	19	23	an	an	DET
fbem-13331	19	24	integrated	integrated	ADJ
fbem-13331	19	25	market	market	NOUN
fbem-13331	19	26	development	development	NOUN
fbem-13331	19	27	system	system	NOUN
fbem-13331	20	1	[	[	X
fbem-13331	20	2	outline	outline	NOUN
fbem-13331	20	3	of	of	ADP
fbem-13331	20	4	the	the	DET
fbem-13331	20	5	plan	plan	NOUN
fbem-13331	20	6	for	for	ADP
fbem-13331	20	7	the	the	DET
fbem-13331	20	8	integrated	integrate	VERB
fbem-13331	20	9	development	development	NOUN
fbem-13331	20	10	of	of	ADP
fbem-13331	20	11	the	the	DET
fbem-13331	20	12	yangtze	yangtze	PROPN
fbem-13331	20	13	river	river	PROPN
fbem-13331	20	14	delta	delta	NOUN
fbem-13331	20	15	issued	issue	VERB
fbem-13331	20	16	by	by	ADP
fbem-13331	20	17	the	the	DET
fbem-13331	20	18	state	state	PROPN
fbem-13331	20	19	council	council	PROPN
fbem-13331	20	20	of	of	ADP
fbem-13331	20	21	the	the	DET
fbem-13331	20	22	central	central	ADJ
fbem-13331	20	23	committee	committee	NOUN
fbem-13331	20	24	of	of	ADP
fbem-13331	20	25	the	the	DET
fbem-13331	20	26	communist	communist	PROPN
fbem-13331	20	27	party	party	PROPN
fbem-13331	20	28	of	of	ADP
fbem-13331	20	29	china	china	PROPN
fbem-13331	20	30	in	in	ADP
fbem-13331	20	31	2019	2019	NUM
fbem-13331	20	32	]	]	PUNCT
fbem-13331	20	33	.	.	PUNCT
fbem-13331	20	34	.	.	PUNCT
fbem-13331	21	1	the	the	DET
fbem-13331	21	2	interconnection	interconnection	NOUN
fbem-13331	21	3	of	of	ADP
fbem-13331	21	4	urban	urban	ADJ
fbem-13331	21	5	infrastructure	infrastructure	NOUN
fbem-13331	21	6	,	,	PUNCT
fbem-13331	21	7	interoperability	interoperability	NOUN
fbem-13331	21	8	and	and	CCONJ
fbem-13331	21	9	accessibility	accessibility	NOUN
fbem-13331	21	10	of	of	ADP
fbem-13331	21	11	trading	trading	NOUN
fbem-13331	21	12	markets	market	NOUN
fbem-13331	21	13	,	,	PUNCT
fbem-13331	21	14	and	and	CCONJ
fbem-13331	21	15	sharing	sharing	NOUN
fbem-13331	21	16	of	of	ADP
fbem-13331	21	17	public	public	ADJ
fbem-13331	21	18	resources	resource	NOUN
fbem-13331	21	19	within	within	ADP
fbem-13331	21	20	the	the	DET
fbem-13331	21	21	region	region	NOUN
fbem-13331	21	22	(	(	PUNCT
fbem-13331	21	23	wu	wu	PROPN
fbem-13331	21	24	qingshan	qingshan	PROPN
fbem-13331	21	25	et	et	PROPN
fbem-13331	21	26	al	al	PROPN
fbem-13331	21	27	.	.	PROPN
fbem-13331	21	28	,	,	PUNCT
fbem-13331	21	29	2022	2022	NUM
fbem-13331	21	30	)	)	PUNCT
fbem-13331	21	31	is	be	AUX
fbem-13331	21	32	conducive	conducive	ADJ
fbem-13331	21	33	to	to	ADP
fbem-13331	21	34	the	the	DET
fbem-13331	21	35	reduction	reduction	NOUN
fbem-13331	21	36	of	of	ADP
fbem-13331	21	37	supervisory	supervisory	ADJ
fbem-13331	21	38	and	and	CCONJ
fbem-13331	21	39	transaction	transaction	NOUN
fbem-13331	21	40	costs	cost	NOUN
fbem-13331	21	41	as	as	ADV
fbem-13331	21	42	well	well	ADV
fbem-13331	21	43	as	as	ADP
fbem-13331	21	44	various	various	ADJ
fbem-13331	21	45	uncertainty	uncertainty	NOUN
fbem-13331	21	46	risks	risk	VERB
fbem-13331	21	47	for	for	ADP
fbem-13331	21	48	vcs	vcs	NOUN
fbem-13331	21	49	investing	invest	VERB
fbem-13331	21	50	over	over	ADP
fbem-13331	21	51	long	long	ADJ
fbem-13331	21	52	distances	distance	NOUN
fbem-13331	21	53	.	.	PUNCT
fbem-13331	22	1	zhao	zhao	NOUN
fbem-13331	22	2	yuping	yuping	PROPN
fbem-13331	22	3	et	et	PROPN
fbem-13331	22	4	al	al	PROPN
fbem-13331	22	5	.	.	PROPN
fbem-13331	22	6	(	(	PUNCT
fbem-13331	22	7	2020	2020	NUM
fbem-13331	22	8	)	)	PUNCT
fbem-13331	22	9	found	find	VERB
fbem-13331	22	10	that	that	SCONJ
fbem-13331	22	11	since	since	SCONJ
fbem-13331	22	12	the	the	DET
fbem-13331	22	13	implementation	implementation	NOUN
fbem-13331	22	14	of	of	ADP
fbem-13331	22	15	the	the	DET
fbem-13331	22	16	integration	integration	NOUN
fbem-13331	22	17	policy	policy	NOUN
fbem-13331	22	18	,	,	PUNCT
fbem-13331	22	19	vc	vc	PROPN
fbem-13331	22	20	cross	cross	ADJ
fbem-13331	22	21	-	-	ADJ
fbem-13331	22	22	provincial	provincial	ADJ
fbem-13331	22	23	ties	tie	NOUN
fbem-13331	22	24	have	have	AUX
fbem-13331	22	25	gradually	gradually	ADV
fbem-13331	22	26	increased	increase	VERB
fbem-13331	22	27	and	and	CCONJ
fbem-13331	22	28	the	the	DET
fbem-13331	22	29	degree	degree	NOUN
fbem-13331	22	30	of	of	ADP
fbem-13331	22	31	local	local	ADJ
fbem-13331	22	32	preference	preference	NOUN
fbem-13331	22	33	has	have	AUX
fbem-13331	22	34	been	be	AUX
fbem-13331	22	35	relatively	relatively	ADV
fbem-13331	22	36	alleviated	alleviate	VERB
fbem-13331	22	37	.	.	PUNCT
fbem-13331	23	1	it	it	PRON
fbem-13331	23	2	remains	remain	VERB
fbem-13331	23	3	to	to	PART
fbem-13331	23	4	be	be	AUX
fbem-13331	23	5	seen	see	VERB
fbem-13331	23	6	whether	whether	SCONJ
fbem-13331	23	7	the	the	DET
fbem-13331	23	8	changes	change	NOUN
fbem-13331	23	9	in	in	ADP
fbem-13331	23	10	vc	vc	NOUN
fbem-13331	23	11	investment	investment	NOUN
fbem-13331	23	12	strategies	strategy	NOUN
fbem-13331	23	13	and	and	CCONJ
fbem-13331	23	14	regulatory	regulatory	ADJ
fbem-13331	23	15	behaviours	behaviour	NOUN
fbem-13331	23	16	induced	induce	VERB
fbem-13331	23	17	by	by	ADP
fbem-13331	23	18	the	the	DET
fbem-13331	23	19	integration	integration	NOUN
fbem-13331	23	20	policy	policy	NOUN
fbem-13331	23	21	affect	affect	VERB
fbem-13331	23	22	the	the	DET
fbem-13331	23	23	fundamental	fundamental	ADJ
fbem-13331	23	24	innovations	innovation	NOUN
fbem-13331	23	25	of	of	ADP
fbem-13331	23	26	firms	firm	NOUN
fbem-13331	23	27	,	,	PUNCT
fbem-13331	23	28	and	and	CCONJ
fbem-13331	23	29	in	in	ADP
fbem-13331	23	30	what	what	DET
fbem-13331	23	31	way	way	NOUN
fbem-13331	23	32	276	276	NUM
fbem-13331	23	33	they	they	PRON
fbem-13331	23	34	act	act	VERB
fbem-13331	23	35	as	as	ADP
fbem-13331	23	36	a	a	DET
fbem-13331	23	37	transmission	transmission	NOUN
fbem-13331	23	38	mechanism	mechanism	NOUN
fbem-13331	23	39	.	.	PUNCT
fbem-13331	24	1	based	base	VERB
fbem-13331	24	2	on	on	ADP
fbem-13331	24	3	this	this	PRON
fbem-13331	24	4	,	,	PUNCT
fbem-13331	24	5	a	a	DET
fbem-13331	24	6	multi	multi	ADJ
fbem-13331	24	7	-	-	ADJ
fbem-13331	24	8	period	period	ADJ
fbem-13331	24	9	double	double	ADJ
fbem-13331	24	10	-	-	PUNCT
fbem-13331	24	11	difference	difference	NOUN
fbem-13331	24	12	model	model	NOUN
fbem-13331	24	13	is	be	AUX
fbem-13331	24	14	constructed	construct	VERB
fbem-13331	24	15	to	to	PART
fbem-13331	24	16	examine	examine	VERB
fbem-13331	24	17	the	the	DET
fbem-13331	24	18	role	role	NOUN
fbem-13331	24	19	played	play	VERB
fbem-13331	24	20	by	by	ADP
fbem-13331	24	21	regional	regional	ADJ
fbem-13331	24	22	integration	integration	NOUN
fbem-13331	24	23	between	between	ADP
fbem-13331	24	24	venture	venture	NOUN
fbem-13331	24	25	capital	capital	NOUN
fbem-13331	24	26	and	and	CCONJ
fbem-13331	24	27	enterprise	enterprise	NOUN
fbem-13331	24	28	-	-	PUNCT
fbem-13331	24	29	based	base	VERB
fbem-13331	24	30	innovation	innovation	NOUN
fbem-13331	24	31	using	use	VERB
fbem-13331	24	32	venture	venture	NOUN
fbem-13331	24	33	capital	capital	NOUN
fbem-13331	24	34	events	event	NOUN
fbem-13331	24	35	in	in	ADP
fbem-13331	24	36	east	east	ADJ
fbem-13331	24	37	and	and	CCONJ
fbem-13331	24	38	central	central	ADJ
fbem-13331	24	39	china	china	PROPN
fbem-13331	24	40	from	from	ADP
fbem-13331	24	41	2005	2005	NUM
fbem-13331	24	42	-	-	SYM
fbem-13331	24	43	2019	2019	NUM
fbem-13331	24	44	,	,	PUNCT
fbem-13331	24	45	with	with	ADP
fbem-13331	24	46	the	the	DET
fbem-13331	24	47	yangtze	yangtze	PROPN
fbem-13331	24	48	river	river	PROPN
fbem-13331	24	49	delta	delta	NOUN
fbem-13331	24	50	integration	integration	NOUN
fbem-13331	24	51	event	event	NOUN
fbem-13331	24	52	as	as	ADP
fbem-13331	24	53	a	a	DET
fbem-13331	24	54	quasi	quasi	ADJ
fbem-13331	24	55	-	-	ADJ
fbem-13331	24	56	natural	natural	ADJ
fbem-13331	24	57	experiment	experiment	NOUN
fbem-13331	24	58	.	.	PUNCT
fbem-13331	25	1	the	the	DET
fbem-13331	25	2	study	study	NOUN
fbem-13331	25	3	finds	find	VERB
fbem-13331	25	4	that	that	SCONJ
fbem-13331	25	5	,	,	PUNCT
fbem-13331	25	6	first	first	ADV
fbem-13331	25	7	,	,	PUNCT
fbem-13331	25	8	under	under	ADP
fbem-13331	25	9	regional	regional	ADJ
fbem-13331	25	10	integration	integration	NOUN
fbem-13331	25	11	policies	policy	NOUN
fbem-13331	25	12	,	,	PUNCT
fbem-13331	25	13	venture	venture	NOUN
fbem-13331	25	14	capital	capital	NOUN
fbem-13331	25	15	has	have	VERB
fbem-13331	25	16	a	a	DET
fbem-13331	25	17	significant	significant	ADJ
fbem-13331	25	18	role	role	NOUN
fbem-13331	25	19	in	in	ADP
fbem-13331	25	20	promoting	promote	VERB
fbem-13331	25	21	enterprise	enterprise	NOUN
fbem-13331	25	22	-	-	PUNCT
fbem-13331	25	23	based	base	VERB
fbem-13331	25	24	innovation	innovation	NOUN
fbem-13331	25	25	.	.	PUNCT
fbem-13331	26	1	second	second	ADJ
fbem-13331	26	2	,	,	PUNCT
fbem-13331	26	3	regional	regional	ADJ
fbem-13331	26	4	integration	integration	NOUN
fbem-13331	26	5	can	can	AUX
fbem-13331	26	6	reduce	reduce	VERB
fbem-13331	26	7	the	the	DET
fbem-13331	26	8	institutional	institutional	ADJ
fbem-13331	26	9	distance	distance	NOUN
fbem-13331	26	10	between	between	ADP
fbem-13331	26	11	vcs	vcs	PROPN
fbem-13331	26	12	and	and	CCONJ
fbem-13331	26	13	investee	investee	NOUN
fbem-13331	26	14	firms	firm	NOUN
fbem-13331	26	15	,	,	PUNCT
fbem-13331	26	16	which	which	PRON
fbem-13331	26	17	in	in	ADP
fbem-13331	26	18	turn	turn	NOUN
fbem-13331	26	19	enhances	enhance	VERB
fbem-13331	26	20	the	the	DET
fbem-13331	26	21	promotional	promotional	ADJ
fbem-13331	26	22	effect	effect	NOUN
fbem-13331	26	23	of	of	ADP
fbem-13331	26	24	venture	venture	NOUN
fbem-13331	26	25	capital	capital	NOUN
fbem-13331	26	26	on	on	ADP
fbem-13331	26	27	enterprise	enterprise	NOUN
fbem-13331	26	28	-	-	PUNCT
fbem-13331	26	29	based	base	VERB
fbem-13331	26	30	innovation	innovation	NOUN
fbem-13331	26	31	.	.	PUNCT
fbem-13331	27	1	third	third	ADJ
fbem-13331	27	2	,	,	PUNCT
fbem-13331	27	3	the	the	DET
fbem-13331	27	4	integration	integration	NOUN
fbem-13331	27	5	effects	effect	NOUN
fbem-13331	27	6	are	be	AUX
fbem-13331	27	7	different	different	ADJ
fbem-13331	27	8	for	for	ADP
fbem-13331	27	9	both	both	CCONJ
fbem-13331	27	10	the	the	DET
fbem-13331	27	11	nature	nature	NOUN
fbem-13331	27	12	of	of	ADP
fbem-13331	27	13	vc	vc	PROPN
fbem-13331	27	14	equity	equity	NOUN
fbem-13331	27	15	and	and	CCONJ
fbem-13331	27	16	the	the	DET
fbem-13331	27	17	industry	industry	NOUN
fbem-13331	27	18	characteristics	characteristic	NOUN
fbem-13331	27	19	of	of	ADP
fbem-13331	27	20	portfolio	portfolio	NOUN
fbem-13331	27	21	companies	company	NOUN
fbem-13331	27	22	.	.	PUNCT
fbem-13331	28	1	the	the	DET
fbem-13331	28	2	possible	possible	ADJ
fbem-13331	28	3	contributions	contribution	NOUN
fbem-13331	28	4	of	of	ADP
fbem-13331	28	5	this	this	DET
fbem-13331	28	6	paper	paper	NOUN
fbem-13331	28	7	are	be	AUX
fbem-13331	28	8	:	:	PUNCT
fbem-13331	28	9	firstly	firstly	ADV
fbem-13331	28	10	,	,	PUNCT
fbem-13331	28	11	to	to	PART
fbem-13331	28	12	analyse	analyse	VERB
fbem-13331	28	13	the	the	DET
fbem-13331	28	14	impact	impact	NOUN
fbem-13331	28	15	of	of	ADP
fbem-13331	28	16	regional	regional	ADJ
fbem-13331	28	17	integration	integration	NOUN
fbem-13331	28	18	policies	policy	NOUN
fbem-13331	28	19	on	on	ADP
fbem-13331	28	20	the	the	DET
fbem-13331	28	21	promotion	promotion	NOUN
fbem-13331	28	22	of	of	ADP
fbem-13331	28	23	vcs	vcs	PROPN
fbem-13331	28	24	'	'	PART
fbem-13331	28	25	basic	basic	ADJ
fbem-13331	28	26	innovation	innovation	NOUN
fbem-13331	28	27	level	level	NOUN
fbem-13331	28	28	from	from	ADP
fbem-13331	28	29	both	both	DET
fbem-13331	28	30	theoretical	theoretical	ADJ
fbem-13331	28	31	explanation	explanation	NOUN
fbem-13331	28	32	and	and	CCONJ
fbem-13331	28	33	empirical	empirical	ADJ
fbem-13331	28	34	analysis	analysis	NOUN
fbem-13331	28	35	,	,	PUNCT
fbem-13331	28	36	and	and	CCONJ
fbem-13331	28	37	to	to	PART
fbem-13331	28	38	provide	provide	VERB
fbem-13331	28	39	theoretical	theoretical	ADJ
fbem-13331	28	40	and	and	CCONJ
fbem-13331	28	41	empirical	empirical	ADJ
fbem-13331	28	42	evidence	evidence	NOUN
fbem-13331	28	43	for	for	ADP
fbem-13331	28	44	the	the	DET
fbem-13331	28	45	development	development	NOUN
fbem-13331	28	46	of	of	ADP
fbem-13331	28	47	technological	technological	ADJ
fbem-13331	28	48	innovation	innovation	NOUN
fbem-13331	28	49	of	of	ADP
fbem-13331	28	50	enterprises	enterprise	NOUN
fbem-13331	28	51	in	in	ADP
fbem-13331	28	52	the	the	DET
fbem-13331	28	53	context	context	NOUN
fbem-13331	28	54	of	of	ADP
fbem-13331	28	55	regional	regional	ADJ
fbem-13331	28	56	integration	integration	NOUN
fbem-13331	28	57	;	;	PUNCT
fbem-13331	28	58	secondly	secondly	ADV
fbem-13331	28	59	,	,	PUNCT
fbem-13331	28	60	to	to	PART
fbem-13331	28	61	reveal	reveal	VERB
fbem-13331	28	62	the	the	DET
fbem-13331	28	63	impact	impact	NOUN
fbem-13331	28	64	of	of	ADP
fbem-13331	28	65	regional	regional	ADJ
fbem-13331	28	66	integration	integration	NOUN
fbem-13331	28	67	on	on	ADP
fbem-13331	28	68	the	the	DET
fbem-13331	28	69	promotion	promotion	NOUN
fbem-13331	28	70	of	of	ADP
fbem-13331	28	71	vcs	vcs	PROPN
fbem-13331	28	72	'	'	PART
fbem-13331	28	73	basic	basic	ADJ
fbem-13331	28	74	innovation	innovation	NOUN
fbem-13331	28	75	level	level	NOUN
fbem-13331	28	76	from	from	ADP
fbem-13331	28	77	the	the	DET
fbem-13331	28	78	perspective	perspective	NOUN
fbem-13331	28	79	of	of	ADP
fbem-13331	28	80	"	"	PUNCT
fbem-13331	28	81	institutional	institutional	ADJ
fbem-13331	28	82	distance	distance	NOUN
fbem-13331	28	83	"	"	PUNCT
fbem-13331	28	84	in	in	ADP
fbem-13331	28	85	new	new	ADJ
fbem-13331	28	86	institutional	institutional	ADJ
fbem-13331	28	87	economics	economic	NOUN
fbem-13331	28	88	;	;	PUNCT
fbem-13331	28	89	and	and	CCONJ
fbem-13331	28	90	secondly	secondly	ADV
fbem-13331	28	91	,	,	PUNCT
fbem-13331	28	92	to	to	PART
fbem-13331	28	93	show	show	VERB
fbem-13331	28	94	that	that	SCONJ
fbem-13331	28	95	regional	regional	ADJ
fbem-13331	28	96	integration	integration	NOUN
fbem-13331	28	97	can	can	AUX
fbem-13331	28	98	reduce	reduce	VERB
fbem-13331	28	99	the	the	DET
fbem-13331	28	100	institutional	institutional	ADJ
fbem-13331	28	101	distance	distance	NOUN
fbem-13331	28	102	between	between	ADP
fbem-13331	28	103	vcs	vcs	PROPN
fbem-13331	28	104	and	and	CCONJ
fbem-13331	28	105	invested	invest	VERB
fbem-13331	28	106	enterprises	enterprise	NOUN
fbem-13331	28	107	,	,	PUNCT
fbem-13331	28	108	and	and	CCONJ
fbem-13331	28	109	thus	thus	ADV
fbem-13331	28	110	enhance	enhance	VERB
fbem-13331	28	111	the	the	DET
fbem-13331	28	112	promotion	promotion	NOUN
fbem-13331	28	113	effect	effect	NOUN
fbem-13331	28	114	of	of	ADP
fbem-13331	28	115	venture	venture	NOUN
fbem-13331	28	116	capital	capital	NOUN
fbem-13331	28	117	on	on	ADP
fbem-13331	28	118	basic	basic	ADJ
fbem-13331	28	119	innovation	innovation	NOUN
fbem-13331	28	120	.	.	PUNCT
fbem-13331	29	1	secondly	secondly	ADV
fbem-13331	29	2	,	,	PUNCT
fbem-13331	29	3	from	from	ADP
fbem-13331	29	4	the	the	DET
fbem-13331	29	5	perspective	perspective	NOUN
fbem-13331	29	6	of	of	ADP
fbem-13331	29	7	"	"	PUNCT
fbem-13331	29	8	institutional	institutional	ADJ
fbem-13331	29	9	distance	distance	NOUN
fbem-13331	29	10	"	"	PUNCT
fbem-13331	29	11	in	in	ADP
fbem-13331	29	12	new	new	ADJ
fbem-13331	29	13	institutional	institutional	ADJ
fbem-13331	29	14	economics	economic	NOUN
fbem-13331	29	15	,	,	PUNCT
fbem-13331	29	16	it	it	PRON
fbem-13331	29	17	reveals	reveal	VERB
fbem-13331	29	18	that	that	SCONJ
fbem-13331	29	19	regional	regional	ADJ
fbem-13331	29	20	integration	integration	NOUN
fbem-13331	29	21	can	can	AUX
fbem-13331	29	22	reduce	reduce	VERB
fbem-13331	29	23	the	the	DET
fbem-13331	29	24	institutional	institutional	ADJ
fbem-13331	29	25	distance	distance	NOUN
fbem-13331	29	26	between	between	ADP
fbem-13331	29	27	vcs	vcs	PROPN
fbem-13331	29	28	and	and	CCONJ
fbem-13331	29	29	invested	invest	VERB
fbem-13331	29	30	enterprises	enterprise	NOUN
fbem-13331	29	31	,	,	PUNCT
fbem-13331	29	32	and	and	CCONJ
fbem-13331	29	33	then	then	ADV
fbem-13331	29	34	promote	promote	VERB
fbem-13331	29	35	the	the	DET
fbem-13331	29	36	impact	impact	NOUN
fbem-13331	29	37	of	of	ADP
fbem-13331	29	38	venture	venture	NOUN
fbem-13331	29	39	capital	capital	NOUN
fbem-13331	29	40	on	on	ADP
fbem-13331	29	41	the	the	DET
fbem-13331	29	42	basic	basic	ADJ
fbem-13331	29	43	innovation	innovation	NOUN
fbem-13331	29	44	of	of	ADP
fbem-13331	29	45	enterprises	enterprise	NOUN
fbem-13331	29	46	;	;	PUNCT
fbem-13331	29	47	thirdly	thirdly	ADV
fbem-13331	29	48	,	,	PUNCT
fbem-13331	29	49	it	it	PRON
fbem-13331	29	50	analyses	analyse	VERB
fbem-13331	29	51	the	the	DET
fbem-13331	29	52	heterogeneity	heterogeneity	NOUN
fbem-13331	29	53	of	of	ADP
fbem-13331	29	54	the	the	DET
fbem-13331	29	55	nature	nature	NOUN
fbem-13331	29	56	of	of	ADP
fbem-13331	29	57	vc	vc	PROPN
fbem-13331	29	58	equity	equity	NOUN
fbem-13331	29	59	and	and	CCONJ
fbem-13331	29	60	the	the	DET
fbem-13331	29	61	industry	industry	NOUN
fbem-13331	29	62	characteristics	characteristic	NOUN
fbem-13331	29	63	of	of	ADP
fbem-13331	29	64	invested	invest	VERB
fbem-13331	29	65	enterprises	enterprise	NOUN
fbem-13331	29	66	,	,	PUNCT
fbem-13331	29	67	and	and	CCONJ
fbem-13331	29	68	provides	provide	VERB
fbem-13331	29	69	ideas	idea	NOUN
fbem-13331	29	70	for	for	ADP
fbem-13331	29	71	the	the	DET
fbem-13331	29	72	development	development	NOUN
fbem-13331	29	73	of	of	ADP
fbem-13331	29	74	regional	regional	ADJ
fbem-13331	29	75	integration	integration	NOUN
fbem-13331	29	76	and	and	CCONJ
fbem-13331	29	77	the	the	DET
fbem-13331	29	78	promotion	promotion	NOUN
fbem-13331	29	79	of	of	ADP
fbem-13331	29	80	the	the	DET
fbem-13331	29	81	construction	construction	NOUN
fbem-13331	29	82	of	of	ADP
fbem-13331	29	83	a	a	DET
fbem-13331	29	84	unified	unified	ADJ
fbem-13331	29	85	national	national	ADJ
fbem-13331	29	86	market	market	NOUN
fbem-13331	29	87	.	.	PUNCT
fbem-13331	30	1	the	the	DET
fbem-13331	30	2	subsequent	subsequent	ADJ
fbem-13331	30	3	parts	part	NOUN
fbem-13331	30	4	of	of	ADP
fbem-13331	30	5	this	this	DET
fbem-13331	30	6	paper	paper	NOUN
fbem-13331	30	7	are	be	AUX
fbem-13331	30	8	structured	structure	VERB
fbem-13331	30	9	as	as	SCONJ
fbem-13331	30	10	follows	follow	VERB
fbem-13331	30	11	:	:	PUNCT
fbem-13331	30	12	the	the	DET
fbem-13331	30	13	second	second	ADJ
fbem-13331	30	14	part	part	NOUN
fbem-13331	30	15	is	be	AUX
fbem-13331	30	16	the	the	DET
fbem-13331	30	17	literature	literature	NOUN
fbem-13331	30	18	review	review	NOUN
fbem-13331	30	19	and	and	CCONJ
fbem-13331	30	20	research	research	NOUN
fbem-13331	30	21	hypotheses	hypothesis	NOUN
fbem-13331	30	22	;	;	PUNCT
fbem-13331	30	23	the	the	DET
fbem-13331	30	24	third	third	ADJ
fbem-13331	30	25	part	part	NOUN
fbem-13331	30	26	is	be	AUX
fbem-13331	30	27	the	the	DET
fbem-13331	30	28	model	model	NOUN
fbem-13331	30	29	construction	construction	NOUN
fbem-13331	30	30	,	,	PUNCT
fbem-13331	30	31	variable	variable	ADJ
fbem-13331	30	32	selection	selection	NOUN
fbem-13331	30	33	and	and	CCONJ
fbem-13331	30	34	data	datum	NOUN
fbem-13331	30	35	sources	source	NOUN
fbem-13331	30	36	;	;	PUNCT
fbem-13331	30	37	the	the	DET
fbem-13331	30	38	fourth	fourth	ADJ
fbem-13331	30	39	part	part	NOUN
fbem-13331	30	40	is	be	AUX
fbem-13331	30	41	the	the	DET
fbem-13331	30	42	empirical	empirical	ADJ
fbem-13331	30	43	analyses	analysis	NOUN
fbem-13331	30	44	;	;	PUNCT
fbem-13331	30	45	the	the	DET
fbem-13331	30	46	fifth	fifth	ADJ
fbem-13331	30	47	part	part	NOUN
fbem-13331	30	48	is	be	AUX
fbem-13331	30	49	the	the	DET
fbem-13331	30	50	further	further	ADJ
fbem-13331	30	51	analyses	analysis	NOUN
fbem-13331	30	52	;	;	PUNCT
fbem-13331	30	53	and	and	CCONJ
fbem-13331	30	54	the	the	DET
fbem-13331	30	55	last	last	ADJ
fbem-13331	30	56	part	part	NOUN
fbem-13331	30	57	is	be	AUX
fbem-13331	30	58	the	the	DET
fbem-13331	30	59	conclusions	conclusion	NOUN
fbem-13331	30	60	of	of	ADP
fbem-13331	30	61	the	the	DET
fbem-13331	30	62	study	study	NOUN
fbem-13331	30	63	and	and	CCONJ
fbem-13331	30	64	policy	policy	NOUN
fbem-13331	30	65	recommendations	recommendation	NOUN
fbem-13331	30	66	.	.	PUNCT
fbem-13331	31	1	2	2	X
fbem-13331	31	2	.	.	X
fbem-13331	31	3	literature	literature	NOUN
fbem-13331	31	4	review	review	PROPN
fbem-13331	31	5	and	and	CCONJ
fbem-13331	31	6	research	research	NOUN
fbem-13331	31	7	hypotheses	hypothesis	NOUN
fbem-13331	31	8	2.1	2.1	NUM
fbem-13331	31	9	.	.	PUNCT
fbem-13331	32	1	regional	regional	ADJ
fbem-13331	32	2	integration	integration	NOUN
fbem-13331	32	3	,	,	PUNCT
fbem-13331	32	4	venture	venture	NOUN
fbem-13331	32	5	capital	capital	NOUN
fbem-13331	32	6	and	and	CCONJ
fbem-13331	32	7	basic	basic	ADJ
fbem-13331	32	8	innovation	innovation	NOUN
fbem-13331	32	9	of	of	ADP
fbem-13331	32	10	enterprises	enterprise	NOUN
fbem-13331	32	11	effective	effective	ADJ
fbem-13331	32	12	financing	financing	NOUN
fbem-13331	32	13	support	support	NOUN
fbem-13331	32	14	is	be	AUX
fbem-13331	32	15	the	the	DET
fbem-13331	32	16	key	key	NOUN
fbem-13331	32	17	to	to	PART
fbem-13331	32	18	improve	improve	VERB
fbem-13331	32	19	the	the	DET
fbem-13331	32	20	quality	quality	NOUN
fbem-13331	32	21	of	of	ADP
fbem-13331	32	22	enterprise	enterprise	NOUN
fbem-13331	32	23	innovation	innovation	NOUN
fbem-13331	32	24	.	.	PUNCT
fbem-13331	33	1	enterprise	enterprise	NOUN
fbem-13331	33	2	financing	financing	NOUN
fbem-13331	33	3	mainly	mainly	ADV
fbem-13331	33	4	comes	come	VERB
fbem-13331	33	5	from	from	ADP
fbem-13331	33	6	both	both	CCONJ
fbem-13331	33	7	internal	internal	ADJ
fbem-13331	33	8	direct	direct	ADJ
fbem-13331	33	9	financing	financing	NOUN
fbem-13331	33	10	and	and	CCONJ
fbem-13331	33	11	external	external	ADJ
fbem-13331	33	12	financing	financing	NOUN
fbem-13331	33	13	.	.	PUNCT
fbem-13331	34	1	due	due	ADP
fbem-13331	34	2	to	to	ADP
fbem-13331	34	3	the	the	DET
fbem-13331	34	4	inherent	inherent	ADJ
fbem-13331	34	5	characteristics	characteristic	NOUN
fbem-13331	34	6	of	of	ADP
fbem-13331	34	7	independent	independent	ADJ
fbem-13331	34	8	innovation	innovation	NOUN
fbem-13331	34	9	such	such	ADJ
fbem-13331	34	10	as	as	ADP
fbem-13331	34	11	long	long	ADJ
fbem-13331	34	12	r&d	r&d	NOUN
fbem-13331	34	13	cycle	cycle	NOUN
fbem-13331	34	14	,	,	PUNCT
fbem-13331	34	15	high	high	ADJ
fbem-13331	34	16	r&d	r&d	NOUN
fbem-13331	34	17	investment	investment	NOUN
fbem-13331	34	18	and	and	CCONJ
fbem-13331	34	19	high	high	ADJ
fbem-13331	34	20	risk	risk	NOUN
fbem-13331	34	21	of	of	ADP
fbem-13331	34	22	failure	failure	NOUN
fbem-13331	34	23	,	,	PUNCT
fbem-13331	34	24	it	it	PRON
fbem-13331	34	25	is	be	AUX
fbem-13331	34	26	difficult	difficult	ADJ
fbem-13331	34	27	for	for	SCONJ
fbem-13331	34	28	enterprises	enterprise	NOUN
fbem-13331	34	29	to	to	PART
fbem-13331	34	30	support	support	VERB
fbem-13331	34	31	internal	internal	ADJ
fbem-13331	34	32	funds	fund	NOUN
fbem-13331	34	33	and	and	CCONJ
fbem-13331	34	34	obtain	obtain	VERB
fbem-13331	34	35	external	external	ADJ
fbem-13331	34	36	financing	financing	NOUN
fbem-13331	34	37	,	,	PUNCT
fbem-13331	34	38	which	which	PRON
fbem-13331	34	39	results	result	VERB
fbem-13331	34	40	in	in	ADP
fbem-13331	34	41	the	the	DET
fbem-13331	34	42	level	level	NOUN
fbem-13331	34	43	of	of	ADP
fbem-13331	34	44	china	china	PROPN
fbem-13331	34	45	's	's	PART
fbem-13331	34	46	enterprises	enterprise	NOUN
fbem-13331	34	47	'	'	PART
fbem-13331	34	48	original	original	ADJ
fbem-13331	34	49	innovation	innovation	NOUN
fbem-13331	34	50	being	be	AUX
fbem-13331	34	51	lower	low	ADJ
fbem-13331	34	52	than	than	ADP
fbem-13331	34	53	that	that	PRON
fbem-13331	34	54	of	of	ADP
fbem-13331	34	55	developed	develop	VERB
fbem-13331	34	56	countries	country	NOUN
fbem-13331	34	57	for	for	ADP
fbem-13331	34	58	a	a	DET
fbem-13331	34	59	long	long	ADJ
fbem-13331	34	60	time	time	NOUN
fbem-13331	34	61	.	.	PUNCT
fbem-13331	35	1	venture	venture	NOUN
fbem-13331	35	2	capital	capital	NOUN
fbem-13331	35	3	was	be	AUX
fbem-13331	35	4	initially	initially	ADV
fbem-13331	35	5	established	establish	VERB
fbem-13331	35	6	to	to	PART
fbem-13331	35	7	provide	provide	VERB
fbem-13331	35	8	funding	funding	NOUN
fbem-13331	35	9	for	for	ADP
fbem-13331	35	10	startups	startup	NOUN
fbem-13331	35	11	with	with	ADP
fbem-13331	35	12	development	development	NOUN
fbem-13331	35	13	potential	potential	NOUN
fbem-13331	35	14	,	,	PUNCT
fbem-13331	35	15	so	so	SCONJ
fbem-13331	35	16	that	that	SCONJ
fbem-13331	35	17	the	the	DET
fbem-13331	35	18	scientific	scientific	ADJ
fbem-13331	35	19	achievements	achievement	NOUN
fbem-13331	35	20	of	of	ADP
fbem-13331	35	21	enterprises	enterprise	NOUN
fbem-13331	35	22	can	can	AUX
fbem-13331	35	23	be	be	AUX
fbem-13331	35	24	successfully	successfully	ADV
fbem-13331	35	25	transformed	transform	VERB
fbem-13331	35	26	into	into	ADP
fbem-13331	35	27	productivity	productivity	NOUN
fbem-13331	35	28	,	,	PUNCT
fbem-13331	35	29	and	and	CCONJ
fbem-13331	35	30	this	this	DET
fbem-13331	35	31	type	type	NOUN
fbem-13331	35	32	of	of	ADP
fbem-13331	35	33	financing	financing	NOUN
fbem-13331	35	34	is	be	AUX
fbem-13331	35	35	just	just	ADV
fbem-13331	35	36	right	right	ADJ
fbem-13331	35	37	to	to	PART
fbem-13331	35	38	make	make	VERB
fbem-13331	35	39	up	up	ADP
fbem-13331	35	40	for	for	ADP
fbem-13331	35	41	the	the	DET
fbem-13331	35	42	financing	financing	NOUN
fbem-13331	35	43	gap	gap	NOUN
fbem-13331	35	44	of	of	ADP
fbem-13331	35	45	enterprises	enterprise	NOUN
fbem-13331	35	46	[	[	PUNCT
fbem-13331	35	47	several	several	ADJ
fbem-13331	35	48	opinions	opinion	NOUN
fbem-13331	35	49	on	on	ADP
fbem-13331	35	50	promoting	promote	VERB
fbem-13331	35	51	the	the	DET
fbem-13331	35	52	continuous	continuous	ADJ
fbem-13331	35	53	and	and	CCONJ
fbem-13331	35	54	healthy	healthy	ADJ
fbem-13331	35	55	development	development	NOUN
fbem-13331	35	56	of	of	ADP
fbem-13331	35	57	venture	venture	NOUN
fbem-13331	35	58	capital	capital	NOUN
fbem-13331	35	59	issued	issue	VERB
fbem-13331	35	60	by	by	ADP
fbem-13331	35	61	the	the	DET
fbem-13331	35	62	state	state	PROPN
fbem-13331	35	63	council	council	PROPN
fbem-13331	35	64	in	in	ADP
fbem-13331	35	65	2016	2016	NUM
fbem-13331	35	66	]	]	PUNCT
fbem-13331	35	67	.	.	PUNCT
fbem-13331	36	1	however	however	ADV
fbem-13331	36	2	,	,	PUNCT
fbem-13331	36	3	it	it	PRON
fbem-13331	36	4	has	have	AUX
fbem-13331	36	5	been	be	AUX
fbem-13331	36	6	found	find	VERB
fbem-13331	36	7	that	that	SCONJ
fbem-13331	36	8	the	the	DET
fbem-13331	36	9	elevated	elevated	ADJ
fbem-13331	36	10	risks	risk	NOUN
fbem-13331	36	11	and	and	CCONJ
fbem-13331	36	12	costs	cost	NOUN
fbem-13331	36	13	due	due	ADJ
fbem-13331	36	14	to	to	ADP
fbem-13331	36	15	information	information	NOUN
fbem-13331	36	16	asymmetry	asymmetry	NOUN
fbem-13331	36	17	make	make	VERB
fbem-13331	36	18	vcs	vcs	PROPN
fbem-13331	36	19	prefer	prefer	VERB
fbem-13331	36	20	local	local	ADJ
fbem-13331	36	21	or	or	CCONJ
fbem-13331	36	22	proximity	proximity	NOUN
fbem-13331	36	23	investment	investment	NOUN
fbem-13331	36	24	(	(	PUNCT
fbem-13331	36	25	zhang	zhang	PROPN
fbem-13331	36	26	xueyong	xueyong	PROPN
fbem-13331	36	27	et	et	PROPN
fbem-13331	36	28	al	al	PROPN
fbem-13331	36	29	.	.	PROPN
fbem-13331	36	30	,	,	PUNCT
fbem-13331	36	31	2016	2016	NUM
fbem-13331	36	32	)	)	PUNCT
fbem-13331	36	33	.	.	PUNCT
fbem-13331	37	1	in	in	ADP
fbem-13331	37	2	the	the	DET
fbem-13331	37	3	existing	exist	VERB
fbem-13331	37	4	research	research	NOUN
fbem-13331	37	5	on	on	ADP
fbem-13331	37	6	the	the	DET
fbem-13331	37	7	innovation	innovation	NOUN
fbem-13331	37	8	effect	effect	NOUN
fbem-13331	37	9	of	of	ADP
fbem-13331	37	10	geographical	geographical	ADJ
fbem-13331	37	11	distance	distance	NOUN
fbem-13331	37	12	on	on	ADP
fbem-13331	37	13	vcs	vcs	PROPN
fbem-13331	37	14	affecting	affect	VERB
fbem-13331	37	15	invested	invest	VERB
fbem-13331	37	16	enterprises	enterprise	NOUN
fbem-13331	37	17	,	,	PUNCT
fbem-13331	37	18	there	there	PRON
fbem-13331	37	19	are	be	VERB
fbem-13331	37	20	mainly	mainly	ADV
fbem-13331	37	21	the	the	DET
fbem-13331	37	22	following	follow	VERB
fbem-13331	37	23	levels	level	NOUN
fbem-13331	37	24	:	:	PUNCT
fbem-13331	37	25	first	first	ADV
fbem-13331	37	26	,	,	PUNCT
fbem-13331	37	27	based	base	VERB
fbem-13331	37	28	on	on	ADP
fbem-13331	37	29	the	the	DET
fbem-13331	37	30	information	information	NOUN
fbem-13331	37	31	transfer	transfer	NOUN
fbem-13331	37	32	perspective	perspective	NOUN
fbem-13331	37	33	.	.	PUNCT
fbem-13331	38	1	there	there	PRON
fbem-13331	38	2	is	be	VERB
fbem-13331	38	3	a	a	DET
fbem-13331	38	4	bilateral	bilateral	ADJ
fbem-13331	38	5	screening	screening	NOUN
fbem-13331	38	6	effect	effect	NOUN
fbem-13331	38	7	between	between	ADP
fbem-13331	38	8	vcs	vcs	NOUN
fbem-13331	38	9	and	and	CCONJ
fbem-13331	38	10	enterprises	enterprise	NOUN
fbem-13331	38	11	(	(	PUNCT
fbem-13331	38	12	fu	fu	PROPN
fbem-13331	38	13	hui	hui	PROPN
fbem-13331	38	14	and	and	CCONJ
fbem-13331	38	15	zhou	zhou	PROPN
fbem-13331	38	16	fangzhao	fangzhao	NOUN
fbem-13331	38	17	,	,	PUNCT
fbem-13331	38	18	2017	2017	NUM
fbem-13331	38	19	)	)	PUNCT
fbem-13331	38	20	,	,	PUNCT
fbem-13331	38	21	and	and	CCONJ
fbem-13331	38	22	vcs	vcs	NOUN
fbem-13331	38	23	are	be	AUX
fbem-13331	38	24	more	more	ADV
fbem-13331	38	25	inclined	inclined	ADJ
fbem-13331	38	26	to	to	PART
fbem-13331	38	27	choose	choose	VERB
fbem-13331	38	28	highquality	highquality	NOUN
fbem-13331	38	29	projects	project	NOUN
fbem-13331	38	30	to	to	PART
fbem-13331	38	31	accumulate	accumulate	VERB
fbem-13331	38	32	reputation	reputation	NOUN
fbem-13331	38	33	for	for	ADP
fbem-13331	38	34	their	their	PRON
fbem-13331	38	35	investment	investment	NOUN
fbem-13331	38	36	undertakings	undertaking	NOUN
fbem-13331	38	37	;	;	PUNCT
fbem-13331	38	38	whereas	whereas	SCONJ
fbem-13331	38	39	enterprises	enterprise	NOUN
fbem-13331	38	40	are	be	AUX
fbem-13331	38	41	more	more	ADV
fbem-13331	38	42	willing	willing	ADJ
fbem-13331	38	43	to	to	PART
fbem-13331	38	44	choose	choose	VERB
fbem-13331	38	45	experienced	experienced	ADJ
fbem-13331	38	46	vcs	vcs	PROPN
fbem-13331	38	47	to	to	PART
fbem-13331	38	48	realise	realise	VERB
fbem-13331	38	49	their	their	PRON
fbem-13331	38	50	rapid	rapid	ADJ
fbem-13331	38	51	value	value	NOUN
fbem-13331	38	52	-	-	PUNCT
fbem-13331	38	53	adding	add	VERB
fbem-13331	38	54	,	,	PUNCT
fbem-13331	38	55	therefore	therefore	ADV
fbem-13331	38	56	,	,	PUNCT
fbem-13331	38	57	both	both	DET
fbem-13331	38	58	parties	party	NOUN
fbem-13331	38	59	need	need	VERB
fbem-13331	38	60	to	to	PART
fbem-13331	38	61	spend	spend	VERB
fbem-13331	38	62	energy	energy	NOUN
fbem-13331	38	63	to	to	PART
fbem-13331	38	64	conduct	conduct	VERB
fbem-13331	38	65	due	due	ADJ
fbem-13331	38	66	diligence	diligence	NOUN
fbem-13331	38	67	and	and	CCONJ
fbem-13331	38	68	other	other	ADJ
fbem-13331	38	69	activities	activity	NOUN
fbem-13331	38	70	on	on	ADP
fbem-13331	38	71	each	each	DET
fbem-13331	38	72	other	other	ADJ
fbem-13331	38	73	to	to	PART
fbem-13331	38	74	eliminate	eliminate	VERB
fbem-13331	38	75	the	the	DET
fbem-13331	38	76	risks	risk	NOUN
fbem-13331	38	77	that	that	PRON
fbem-13331	38	78	information	information	NOUN
fbem-13331	38	79	asymmetry	asymmetry	NOUN
fbem-13331	38	80	may	may	AUX
fbem-13331	38	81	bring	bring	VERB
fbem-13331	38	82	(	(	PUNCT
fbem-13331	38	83	huang	huang	PROPN
fbem-13331	38	84	guangfu	guangfu	PROPN
fbem-13331	38	85	et	et	PROPN
fbem-13331	38	86	al	al	PROPN
fbem-13331	38	87	.	.	PROPN
fbem-13331	38	88	,	,	PUNCT
fbem-13331	38	89	2014	2014	NUM
fbem-13331	38	90	)	)	PUNCT
fbem-13331	38	91	.	.	PUNCT
fbem-13331	39	1	long	long	ADJ
fbem-13331	39	2	-	-	PUNCT
fbem-13331	39	3	distance	distance	NOUN
fbem-13331	39	4	investment	investment	NOUN
fbem-13331	39	5	will	will	AUX
fbem-13331	39	6	increase	increase	VERB
fbem-13331	39	7	the	the	DET
fbem-13331	39	8	cost	cost	NOUN
fbem-13331	39	9	of	of	ADP
fbem-13331	39	10	information	information	NOUN
fbem-13331	39	11	collection	collection	NOUN
fbem-13331	39	12	and	and	CCONJ
fbem-13331	39	13	communication	communication	NOUN
fbem-13331	39	14	between	between	ADP
fbem-13331	39	15	the	the	DET
fbem-13331	39	16	two	two	NUM
fbem-13331	39	17	parties	party	NOUN
fbem-13331	39	18	,	,	PUNCT
fbem-13331	39	19	and	and	CCONJ
fbem-13331	39	20	information	information	NOUN
fbem-13331	39	21	sharing	sharing	NOUN
fbem-13331	39	22	is	be	AUX
fbem-13331	39	23	inefficient	inefficient	ADJ
fbem-13331	39	24	,	,	PUNCT
fbem-13331	39	25	which	which	PRON
fbem-13331	39	26	is	be	AUX
fbem-13331	39	27	not	not	PART
fbem-13331	39	28	conducive	conducive	ADJ
fbem-13331	39	29	to	to	ADP
fbem-13331	39	30	the	the	DET
fbem-13331	39	31	conclusion	conclusion	NOUN
fbem-13331	39	32	of	of	ADP
fbem-13331	39	33	the	the	DET
fbem-13331	39	34	deal	deal	NOUN
fbem-13331	39	35	between	between	ADP
fbem-13331	39	36	the	the	DET
fbem-13331	39	37	two	two	NUM
fbem-13331	39	38	parties	party	NOUN
fbem-13331	39	39	.	.	PUNCT
fbem-13331	40	1	the	the	DET
fbem-13331	40	2	second	second	NOUN
fbem-13331	40	3	is	be	AUX
fbem-13331	40	4	based	base	VERB
fbem-13331	40	5	on	on	ADP
fbem-13331	40	6	the	the	DET
fbem-13331	40	7	identity	identity	NOUN
fbem-13331	40	8	perspective	perspective	NOUN
fbem-13331	40	9	.	.	PUNCT
fbem-13331	41	1	some	some	DET
fbem-13331	41	2	scholars	scholar	NOUN
fbem-13331	41	3	have	have	AUX
fbem-13331	41	4	found	find	VERB
fbem-13331	41	5	that	that	SCONJ
fbem-13331	41	6	identity	identity	NOUN
fbem-13331	41	7	among	among	ADP
fbem-13331	41	8	executives	executive	NOUN
fbem-13331	41	9	affects	affect	VERB
fbem-13331	41	10	corporate	corporate	ADJ
fbem-13331	41	11	innovation	innovation	NOUN
fbem-13331	41	12	and	and	CCONJ
fbem-13331	41	13	development	development	NOUN
fbem-13331	41	14	(	(	PUNCT
fbem-13331	41	15	pan	pan	PROPN
fbem-13331	41	16	yue	yue	PROPN
fbem-13331	41	17	et	et	PROPN
fbem-13331	41	18	al	al	PROPN
fbem-13331	41	19	.	.	PROPN
fbem-13331	41	20	,	,	PUNCT
fbem-13331	41	21	2016	2016	NUM
fbem-13331	41	22	;	;	PUNCT
fbem-13331	41	23	zhang	zhang	PROPN
fbem-13331	41	24	jie	jie	PROPN
fbem-13331	41	25	and	and	CCONJ
fbem-13331	41	26	wang	wang	PROPN
fbem-13331	41	27	wenkai	wenkai	PROPN
fbem-13331	41	28	,	,	PUNCT
fbem-13331	41	29	2022	2022	NUM
fbem-13331	41	30	)	)	PUNCT
fbem-13331	41	31	.	.	PUNCT
fbem-13331	42	1	china	china	PROPN
fbem-13331	42	2	's	's	PART
fbem-13331	42	3	geography	geography	NOUN
fbem-13331	42	4	is	be	AUX
fbem-13331	42	5	vast	vast	ADJ
fbem-13331	42	6	,	,	PUNCT
fbem-13331	42	7	and	and	CCONJ
fbem-13331	42	8	there	there	PRON
fbem-13331	42	9	are	be	VERB
fbem-13331	42	10	large	large	ADJ
fbem-13331	42	11	cultural	cultural	ADJ
fbem-13331	42	12	differences	difference	NOUN
fbem-13331	42	13	between	between	ADP
fbem-13331	42	14	different	different	ADJ
fbem-13331	42	15	regions	region	NOUN
fbem-13331	42	16	,	,	PUNCT
fbem-13331	42	17	and	and	CCONJ
fbem-13331	42	18	there	there	PRON
fbem-13331	42	19	are	be	VERB
fbem-13331	42	20	large	large	ADJ
fbem-13331	42	21	differences	difference	NOUN
fbem-13331	42	22	in	in	ADP
fbem-13331	42	23	cultural	cultural	ADJ
fbem-13331	42	24	identity	identity	NOUN
fbem-13331	42	25	,	,	PUNCT
fbem-13331	42	26	values	value	NOUN
fbem-13331	42	27	,	,	PUNCT
fbem-13331	42	28	and	and	CCONJ
fbem-13331	42	29	behavioural	behavioural	ADJ
fbem-13331	42	30	preferences	preference	NOUN
fbem-13331	42	31	between	between	ADP
fbem-13331	42	32	heterogeneous	heterogeneous	ADJ
fbem-13331	42	33	investors	investor	NOUN
fbem-13331	42	34	and	and	CCONJ
fbem-13331	42	35	corporate	corporate	ADJ
fbem-13331	42	36	managers	manager	NOUN
fbem-13331	42	37	(	(	PUNCT
fbem-13331	42	38	li	li	PROPN
fbem-13331	42	39	zhen	zhen	PROPN
fbem-13331	42	40	and	and	CCONJ
fbem-13331	42	41	li	li	PROPN
fbem-13331	42	42	xingyue	xingyue	PROPN
fbem-13331	42	43	,	,	PUNCT
fbem-13331	42	44	2021	2021	NUM
fbem-13331	42	45	)	)	PUNCT
fbem-13331	42	46	,	,	PUNCT
fbem-13331	42	47	with	with	ADP
fbem-13331	42	48	lower	low	ADJ
fbem-13331	42	49	levels	level	NOUN
fbem-13331	42	50	of	of	ADP
fbem-13331	42	51	trust	trust	NOUN
fbem-13331	42	52	between	between	ADP
fbem-13331	42	53	the	the	DET
fbem-13331	42	54	two	two	NUM
fbem-13331	42	55	parties	party	NOUN
fbem-13331	42	56	,	,	PUNCT
fbem-13331	42	57	and	and	CCONJ
fbem-13331	42	58	greater	great	ADJ
fbem-13331	42	59	costs	cost	NOUN
fbem-13331	42	60	of	of	ADP
fbem-13331	42	61	communication	communication	NOUN
fbem-13331	42	62	and	and	CCONJ
fbem-13331	42	63	coordination	coordination	NOUN
fbem-13331	42	64	when	when	SCONJ
fbem-13331	42	65	making	make	VERB
fbem-13331	42	66	corporate	corporate	ADJ
fbem-13331	42	67	decisions	decision	NOUN
fbem-13331	42	68	(	(	PUNCT
fbem-13331	42	69	zhang	zhang	PROPN
fbem-13331	42	70	jie	jie	PROPN
fbem-13331	42	71	and	and	CCONJ
fbem-13331	42	72	wang	wang	PROPN
fbem-13331	42	73	wenkai	wenkai	PROPN
fbem-13331	42	74	,	,	PUNCT
fbem-13331	42	75	2022	2022	NUM
fbem-13331	42	76	)	)	PUNCT
fbem-13331	42	77	.	.	PUNCT
fbem-13331	43	1	the	the	DET
fbem-13331	43	2	sense	sense	NOUN
fbem-13331	43	3	of	of	ADP
fbem-13331	43	4	identity	identity	NOUN
fbem-13331	43	5	and	and	CCONJ
fbem-13331	43	6	trust	trust	NOUN
fbem-13331	43	7	between	between	ADP
fbem-13331	43	8	belonging	belong	VERB
fbem-13331	43	9	to	to	ADP
fbem-13331	43	10	the	the	DET
fbem-13331	43	11	same	same	ADJ
fbem-13331	43	12	geographical	geographical	ADJ
fbem-13331	43	13	area	area	NOUN
fbem-13331	43	14	makes	make	VERB
fbem-13331	43	15	risky	risky	ADJ
fbem-13331	43	16	investors	investor	NOUN
fbem-13331	43	17	may	may	AUX
fbem-13331	43	18	violate	violate	VERB
fbem-13331	43	19	the	the	DET
fbem-13331	43	20	portfolio	portfolio	NOUN
fbem-13331	43	21	theory	theory	NOUN
fbem-13331	43	22	to	to	PART
fbem-13331	43	23	make	make	VERB
fbem-13331	43	24	local	local	ADJ
fbem-13331	43	25	investment	investment	NOUN
fbem-13331	43	26	(	(	PUNCT
fbem-13331	43	27	zhang	zhang	PROPN
fbem-13331	43	28	xueyong	xueyong	PROPN
fbem-13331	43	29	et	et	PROPN
fbem-13331	43	30	al	al	PROPN
fbem-13331	43	31	.	.	PROPN
fbem-13331	43	32	2016	2016	NUM
fbem-13331	43	33	;	;	PUNCT
fbem-13331	43	34	cao	cao	PROPN
fbem-13331	43	35	chunfang	chunfang	PROPN
fbem-13331	43	36	et	et	PROPN
fbem-13331	43	37	al	al	PROPN
fbem-13331	43	38	.	.	PROPN
fbem-13331	43	39	2018	2018	NUM
fbem-13331	43	40	)	)	PUNCT
fbem-13331	43	41	.	.	PUNCT
fbem-13331	44	1	third	third	ADV
fbem-13331	44	2	,	,	PUNCT
fbem-13331	44	3	it	it	PRON
fbem-13331	44	4	is	be	AUX
fbem-13331	44	5	based	base	VERB
fbem-13331	44	6	on	on	ADP
fbem-13331	44	7	the	the	DET
fbem-13331	44	8	resource	resource	NOUN
fbem-13331	44	9	transfer	transfer	NOUN
fbem-13331	44	10	perspective	perspective	NOUN
fbem-13331	44	11	.	.	PUNCT
fbem-13331	45	1	due	due	ADP
fbem-13331	45	2	to	to	ADP
fbem-13331	45	3	administrative	administrative	ADJ
fbem-13331	45	4	decentralisation	decentralisation	NOUN
fbem-13331	45	5	,	,	PUNCT
fbem-13331	45	6	political	political	ADJ
fbem-13331	45	7	promotion	promotion	NOUN
fbem-13331	45	8	,	,	PUNCT
fbem-13331	45	9	local	local	ADJ
fbem-13331	45	10	games	game	NOUN
fbem-13331	45	11	and	and	CCONJ
fbem-13331	45	12	other	other	ADJ
fbem-13331	45	13	historical	historical	ADJ
fbem-13331	45	14	reasons	reason	NOUN
fbem-13331	45	15	in	in	ADP
fbem-13331	45	16	china	china	PROPN
fbem-13331	45	17	,	,	PUNCT
fbem-13331	45	18	the	the	DET
fbem-13331	45	19	phenomenon	phenomenon	NOUN
fbem-13331	45	20	of	of	ADP
fbem-13331	45	21	market	market	NOUN
fbem-13331	45	22	segmentation	segmentation	NOUN
fbem-13331	45	23	has	have	AUX
fbem-13331	45	24	existed	exist	VERB
fbem-13331	45	25	for	for	ADP
fbem-13331	45	26	a	a	DET
fbem-13331	45	27	long	long	ADJ
fbem-13331	45	28	time	time	NOUN
fbem-13331	45	29	,	,	PUNCT
fbem-13331	45	30	hindering	hinder	VERB
fbem-13331	45	31	the	the	DET
fbem-13331	45	32	cross	cross	ADJ
fbem-13331	45	33	-	-	ADJ
fbem-13331	45	34	regional	regional	ADJ
fbem-13331	45	35	flow	flow	NOUN
fbem-13331	45	36	of	of	ADP
fbem-13331	45	37	capital	capital	NOUN
fbem-13331	45	38	.	.	PUNCT
fbem-13331	46	1	vcs	vcs	PROPN
fbem-13331	46	2	'	'	PART
fbem-13331	46	3	off	off	ADP
fbem-13331	46	4	-	-	PUNCT
fbem-13331	46	5	site	site	NOUN
fbem-13331	46	6	investment	investment	NOUN
fbem-13331	46	7	will	will	AUX
fbem-13331	46	8	be	be	AUX
fbem-13331	46	9	hindered	hinder	VERB
fbem-13331	46	10	by	by	ADP
fbem-13331	46	11	local	local	ADJ
fbem-13331	46	12	protection	protection	NOUN
fbem-13331	46	13	,	,	PUNCT
fbem-13331	46	14	which	which	PRON
fbem-13331	46	15	is	be	AUX
fbem-13331	46	16	not	not	PART
fbem-13331	46	17	conducive	conducive	ADJ
fbem-13331	46	18	to	to	ADP
fbem-13331	46	19	the	the	DET
fbem-13331	46	20	transfer	transfer	NOUN
fbem-13331	46	21	of	of	ADP
fbem-13331	46	22	human	human	NOUN
fbem-13331	46	23	,	,	PUNCT
fbem-13331	46	24	capital	capital	NOUN
fbem-13331	46	25	and	and	CCONJ
fbem-13331	46	26	other	other	ADJ
fbem-13331	46	27	innovation	innovation	NOUN
fbem-13331	46	28	factors	factor	NOUN
fbem-13331	46	29	,	,	PUNCT
fbem-13331	46	30	resulting	result	VERB
fbem-13331	46	31	in	in	ADP
fbem-13331	46	32	a	a	DET
fbem-13331	46	33	distortion	distortion	NOUN
fbem-13331	46	34	of	of	ADP
fbem-13331	46	35	vc	vc	PROPN
fbem-13331	46	36	value	value	NOUN
fbem-13331	46	37	-	-	PUNCT
fbem-13331	46	38	added	add	VERB
fbem-13331	46	39	and	and	CCONJ
fbem-13331	46	40	regulatory	regulatory	ADJ
fbem-13331	46	41	effects.vc	effects.vc	NOUN
fbem-13331	46	42	and	and	CCONJ
fbem-13331	46	43	enterprise	enterprise	NOUN
fbem-13331	46	44	mismatch	mismatch	NOUN
fbem-13331	46	45	or	or	CCONJ
fbem-13331	46	46	vc	vc	ADP
fbem-13331	46	47	regulatory	regulatory	ADJ
fbem-13331	46	48	deficiency	deficiency	NOUN
fbem-13331	46	49	means	mean	VERB
fbem-13331	46	50	that	that	SCONJ
fbem-13331	46	51	the	the	DET
fbem-13331	46	52	two	two	NUM
fbem-13331	46	53	sides	side	NOUN
fbem-13331	46	54	do	do	AUX
fbem-13331	46	55	not	not	PART
fbem-13331	46	56	cooperate	cooperate	VERB
fbem-13331	46	57	in	in	ADP
fbem-13331	46	58	the	the	DET
fbem-13331	46	59	future	future	NOUN
fbem-13331	46	60	,	,	PUNCT
fbem-13331	46	61	while	while	SCONJ
fbem-13331	46	62	the	the	DET
fbem-13331	46	63	purpose	purpose	NOUN
fbem-13331	46	64	of	of	ADP
fbem-13331	46	65	vc	vc	PROPN
fbem-13331	46	66	investment	investment	NOUN
fbem-13331	46	67	is	be	AUX
fbem-13331	46	68	to	to	PART
fbem-13331	46	69	obtain	obtain	VERB
fbem-13331	46	70	the	the	DET
fbem-13331	46	71	dividends	dividend	NOUN
fbem-13331	46	72	of	of	ADP
fbem-13331	46	73	enterprise	enterprise	NOUN
fbem-13331	46	74	innovation	innovation	NOUN
fbem-13331	46	75	value	value	NOUN
fbem-13331	46	76	-	-	PUNCT
fbem-13331	46	77	added	add	VERB
fbem-13331	46	78	to	to	PART
fbem-13331	46	79	realise	realise	VERB
fbem-13331	46	80	the	the	DET
fbem-13331	46	81	investment	investment	NOUN
fbem-13331	46	82	income	income	NOUN
fbem-13331	46	83	(	(	PUNCT
fbem-13331	46	84	dutta	dutta	NOUN
fbem-13331	46	85	and	and	CCONJ
fbem-13331	46	86	folta	folta	PROPN
fbem-13331	46	87	,	,	PUNCT
fbem-13331	46	88	2016	2016	NUM
fbem-13331	46	89	)	)	PUNCT
fbem-13331	46	90	.	.	PUNCT
fbem-13331	47	1	in	in	ADP
fbem-13331	47	2	order	order	NOUN
fbem-13331	47	3	to	to	PART
fbem-13331	47	4	cope	cope	VERB
fbem-13331	47	5	with	with	ADP
fbem-13331	47	6	vc	vc	PROPN
fbem-13331	47	7	,	,	PUNCT
fbem-13331	47	8	enterprises	enterprise	NOUN
fbem-13331	47	9	will	will	AUX
fbem-13331	47	10	pay	pay	VERB
fbem-13331	47	11	more	more	ADJ
fbem-13331	47	12	attention	attention	NOUN
fbem-13331	47	13	to	to	ADP
fbem-13331	47	14	commercial	commercial	ADJ
fbem-13331	47	15	innovations	innovation	NOUN
fbem-13331	47	16	that	that	PRON
fbem-13331	47	17	can	can	AUX
fbem-13331	47	18	be	be	AUX
fbem-13331	47	19	commercialised	commercialise	VERB
fbem-13331	47	20	quickly	quickly	ADV
fbem-13331	47	21	for	for	ADP
fbem-13331	47	22	profits	profit	NOUN
fbem-13331	47	23	,	,	PUNCT
fbem-13331	47	24	neglecting	neglect	VERB
fbem-13331	47	25	high	high	ADJ
fbem-13331	47	26	-	-	PUNCT
fbem-13331	47	27	risk	risk	NOUN
fbem-13331	47	28	and	and	CCONJ
fbem-13331	47	29	high	high	ADJ
fbem-13331	47	30	-	-	PUNCT
fbem-13331	47	31	investment	investment	NOUN
fbem-13331	47	32	fundamental	fundamental	ADJ
fbem-13331	47	33	innovations	innovation	NOUN
fbem-13331	47	34	,	,	PUNCT
fbem-13331	47	35	and	and	CCONJ
fbem-13331	47	36	missing	miss	VERB
fbem-13331	47	37	good	good	ADJ
fbem-13331	47	38	opportunities	opportunity	NOUN
fbem-13331	47	39	that	that	PRON
fbem-13331	47	40	can	can	AUX
fbem-13331	47	41	bring	bring	VERB
fbem-13331	47	42	long	long	ADJ
fbem-13331	47	43	-	-	PUNCT
fbem-13331	47	44	term	term	NOUN
fbem-13331	47	45	value	value	NOUN
fbem-13331	47	46	-	-	PUNCT
fbem-13331	47	47	added	add	VERB
fbem-13331	47	48	capital	capital	NOUN
fbem-13331	47	49	to	to	ADP
fbem-13331	47	50	enterprises	enterprise	NOUN
fbem-13331	47	51	(	(	PUNCT
fbem-13331	47	52	wu	wu	PROPN
fbem-13331	47	53	you	you	PRON
fbem-13331	47	54	and	and	CCONJ
fbem-13331	47	55	dong	dong	PROPN
fbem-13331	47	56	jing	jing	PROPN
fbem-13331	47	57	,	,	PUNCT
fbem-13331	47	58	2022	2022	NUM
fbem-13331	47	59	)	)	PUNCT
fbem-13331	47	60	.	.	PUNCT
fbem-13331	48	1	with	with	ADP
fbem-13331	48	2	the	the	DET
fbem-13331	48	3	development	development	NOUN
fbem-13331	48	4	of	of	ADP
fbem-13331	48	5	information	information	NOUN
fbem-13331	48	6	technology	technology	NOUN
fbem-13331	48	7	and	and	CCONJ
fbem-13331	48	8	transport	transport	NOUN
fbem-13331	48	9	networks	network	NOUN
fbem-13331	48	10	,	,	PUNCT
fbem-13331	48	11	the	the	DET
fbem-13331	48	12	"	"	PUNCT
fbem-13331	48	13	hard	hard	ADJ
fbem-13331	48	14	information	information	NOUN
fbem-13331	48	15	"	"	PUNCT
fbem-13331	48	16	constraints	constraint	NOUN
fbem-13331	48	17	and	and	CCONJ
fbem-13331	48	18	transport	transport	NOUN
fbem-13331	48	19	costs	cost	NOUN
fbem-13331	48	20	faced	face	VERB
fbem-13331	48	21	by	by	ADP
fbem-13331	48	22	long	long	ADJ
fbem-13331	48	23	-	-	PUNCT
fbem-13331	48	24	distance	distance	NOUN
fbem-13331	48	25	investment	investment	NOUN
fbem-13331	48	26	can	can	AUX
fbem-13331	48	27	still	still	ADV
fbem-13331	48	28	be	be	AUX
fbem-13331	48	29	eased	ease	VERB
fbem-13331	48	30	,	,	PUNCT
fbem-13331	48	31	but	but	CCONJ
fbem-13331	48	32	the	the	DET
fbem-13331	48	33	institutional	institutional	ADJ
fbem-13331	48	34	distance	distance	NOUN
fbem-13331	48	35	formed	form	VERB
fbem-13331	48	36	by	by	ADP
fbem-13331	48	37	market	market	NOUN
fbem-13331	48	38	segmentation	segmentation	NOUN
fbem-13331	48	39	still	still	ADV
fbem-13331	48	40	shackles	shackle	VERB
fbem-13331	48	41	capital	capital	NOUN
fbem-13331	48	42	flows	flow	VERB
fbem-13331	48	43	.	.	PUNCT
fbem-13331	49	1	in	in	ADP
fbem-13331	49	2	china	china	PROPN
fbem-13331	49	3	,	,	PUNCT
fbem-13331	49	4	the	the	DET
fbem-13331	49	5	administrative	administrative	ADJ
fbem-13331	49	6	boundaries	boundary	NOUN
fbem-13331	49	7	formed	form	VERB
fbem-13331	49	8	by	by	ADP
fbem-13331	49	9	the	the	DET
fbem-13331	49	10	traditional	traditional	ADJ
fbem-13331	49	11	administrative	administrative	ADJ
fbem-13331	49	12	divisions	division	NOUN
fbem-13331	49	13	have	have	AUX
fbem-13331	49	14	also	also	ADV
fbem-13331	49	15	led	lead	VERB
fbem-13331	49	16	to	to	ADP
fbem-13331	49	17	the	the	DET
fbem-13331	49	18	existence	existence	NOUN
fbem-13331	49	19	of	of	ADP
fbem-13331	49	20	institutional	institutional	ADJ
fbem-13331	49	21	distance	distance	NOUN
fbem-13331	49	22	in	in	ADP
fbem-13331	49	23	various	various	ADJ
fbem-13331	49	24	regions	region	NOUN
fbem-13331	49	25	of	of	ADP
fbem-13331	49	26	china	china	PROPN
fbem-13331	49	27	(	(	PUNCT
fbem-13331	49	28	song	song	NOUN
fbem-13331	49	29	yuanyang	yuanyang	PROPN
fbem-13331	49	30	and	and	CCONJ
fbem-13331	49	31	huang	huang	PROPN
fbem-13331	49	32	liwei	liwei	PROPN
fbem-13331	49	33	,	,	PUNCT
fbem-13331	49	34	2014	2014	NUM
fbem-13331	49	35	)	)	PUNCT
fbem-13331	49	36	.	.	PUNCT
fbem-13331	50	1	in	in	ADP
fbem-13331	50	2	previous	previous	ADJ
fbem-13331	50	3	studies	study	NOUN
fbem-13331	50	4	on	on	ADP
fbem-13331	50	5	venture	venture	NOUN
fbem-13331	50	6	capital	capital	NOUN
fbem-13331	50	7	and	and	CCONJ
fbem-13331	50	8	corporate	corporate	ADJ
fbem-13331	50	9	innovation	innovation	NOUN
fbem-13331	50	10	,	,	PUNCT
fbem-13331	50	11	scholars	scholar	NOUN
fbem-13331	50	12	have	have	AUX
fbem-13331	50	13	277	277	NUM
fbem-13331	50	14	mostly	mostly	ADV
fbem-13331	50	15	taken	take	VERB
fbem-13331	50	16	the	the	DET
fbem-13331	50	17	institutional	institutional	ADJ
fbem-13331	50	18	environment	environment	NOUN
fbem-13331	50	19	as	as	ADP
fbem-13331	50	20	a	a	DET
fbem-13331	50	21	moderating	moderate	VERB
fbem-13331	50	22	variable	variable	NOUN
fbem-13331	50	23	,	,	PUNCT
fbem-13331	50	24	arguing	argue	VERB
fbem-13331	50	25	that	that	SCONJ
fbem-13331	50	26	vc	vc	PROPN
fbem-13331	50	27	investment	investment	NOUN
fbem-13331	50	28	in	in	ADP
fbem-13331	50	29	regions	region	NOUN
fbem-13331	50	30	with	with	ADP
fbem-13331	50	31	a	a	DET
fbem-13331	50	32	favourable	favourable	ADJ
fbem-13331	50	33	institutional	institutional	ADJ
fbem-13331	50	34	environment	environment	NOUN
fbem-13331	50	35	is	be	AUX
fbem-13331	50	36	more	more	ADV
fbem-13331	50	37	likely	likely	ADJ
fbem-13331	50	38	to	to	PART
fbem-13331	50	39	promote	promote	VERB
fbem-13331	50	40	the	the	DET
fbem-13331	50	41	level	level	NOUN
fbem-13331	50	42	of	of	ADP
fbem-13331	50	43	corporate	corporate	ADJ
fbem-13331	50	44	technological	technological	ADJ
fbem-13331	50	45	innovation	innovation	NOUN
fbem-13331	50	46	(	(	PUNCT
fbem-13331	50	47	zhang	zhang	PROPN
fbem-13331	50	48	chong	chong	PROPN
fbem-13331	50	49	and	and	CCONJ
fbem-13331	50	50	jiao	jiao	PROPN
fbem-13331	50	51	weiwei	weiwei	PROPN
fbem-13331	50	52	,	,	PUNCT
fbem-13331	50	53	2022	2022	NUM
fbem-13331	50	54	;	;	PUNCT
fbem-13331	50	55	li	li	PROPN
fbem-13331	50	56	mengya	mengya	PROPN
fbem-13331	50	57	et	et	PROPN
fbem-13331	50	58	al	al	PROPN
fbem-13331	50	59	.	.	PROPN
fbem-13331	50	60	,	,	PUNCT
fbem-13331	50	61	2021	2021	NUM
fbem-13331	50	62	)	)	PUNCT
fbem-13331	50	63	,	,	PUNCT
fbem-13331	50	64	and	and	CCONJ
fbem-13331	50	65	seldom	seldom	ADV
fbem-13331	50	66	examined	examine	VERB
fbem-13331	50	67	whether	whether	SCONJ
fbem-13331	50	68	institutional	institutional	ADJ
fbem-13331	50	69	distance	distance	NOUN
fbem-13331	50	70	affects	affect	VERB
fbem-13331	50	71	the	the	DET
fbem-13331	50	72	relationship	relationship	NOUN
fbem-13331	50	73	between	between	ADP
fbem-13331	50	74	vc	vc	PROPN
fbem-13331	50	75	and	and	CCONJ
fbem-13331	50	76	corporate	corporate	ADJ
fbem-13331	50	77	innovation	innovation	NOUN
fbem-13331	50	78	.	.	PUNCT
fbem-13331	51	1	institutional	institutional	ADJ
fbem-13331	51	2	differences	difference	NOUN
fbem-13331	51	3	can	can	AUX
fbem-13331	51	4	cause	cause	VERB
fbem-13331	51	5	unfamiliarity	unfamiliarity	NOUN
fbem-13331	51	6	and	and	CCONJ
fbem-13331	51	7	lack	lack	NOUN
fbem-13331	51	8	of	of	ADP
fbem-13331	51	9	recognition	recognition	NOUN
fbem-13331	51	10	between	between	ADP
fbem-13331	51	11	the	the	DET
fbem-13331	51	12	two	two	NUM
fbem-13331	51	13	parties	party	NOUN
fbem-13331	51	14	to	to	ADP
fbem-13331	51	15	the	the	DET
fbem-13331	51	16	transaction	transaction	NOUN
fbem-13331	51	17	,	,	PUNCT
fbem-13331	51	18	impede	impede	VERB
fbem-13331	51	19	the	the	DET
fbem-13331	51	20	cross	cross	ADJ
fbem-13331	51	21	-	-	ADJ
fbem-13331	51	22	regional	regional	ADJ
fbem-13331	51	23	flow	flow	NOUN
fbem-13331	51	24	of	of	ADP
fbem-13331	51	25	venture	venture	NOUN
fbem-13331	51	26	capital	capital	NOUN
fbem-13331	51	27	,	,	PUNCT
fbem-13331	51	28	create	create	VERB
fbem-13331	51	29	a	a	DET
fbem-13331	51	30	mismatch	mismatch	NOUN
fbem-13331	51	31	between	between	ADP
fbem-13331	51	32	vcs	vcs	NOUN
fbem-13331	51	33	and	and	CCONJ
fbem-13331	51	34	firms	firm	NOUN
fbem-13331	51	35	,	,	PUNCT
fbem-13331	51	36	and	and	CCONJ
fbem-13331	51	37	are	be	AUX
fbem-13331	51	38	not	not	PART
fbem-13331	51	39	conducive	conducive	ADJ
fbem-13331	51	40	to	to	ADP
fbem-13331	51	41	the	the	DET
fbem-13331	51	42	enhancement	enhancement	NOUN
fbem-13331	51	43	of	of	ADP
fbem-13331	51	44	the	the	DET
fbem-13331	51	45	level	level	NOUN
fbem-13331	51	46	of	of	ADP
fbem-13331	51	47	fundamental	fundamental	ADJ
fbem-13331	51	48	innovation	innovation	NOUN
fbem-13331	51	49	of	of	ADP
fbem-13331	51	50	firms	firm	NOUN
fbem-13331	51	51	.	.	PUNCT
fbem-13331	52	1	regional	regional	ADJ
fbem-13331	52	2	integration	integration	NOUN
fbem-13331	52	3	policies	policy	NOUN
fbem-13331	52	4	can	can	AUX
fbem-13331	52	5	help	help	VERB
fbem-13331	52	6	break	break	VERB
fbem-13331	52	7	the	the	DET
fbem-13331	52	8	administrative	administrative	ADJ
fbem-13331	52	9	boundary	boundary	ADJ
fbem-13331	52	10	effect	effect	NOUN
fbem-13331	52	11	between	between	ADP
fbem-13331	52	12	cities	city	NOUN
fbem-13331	52	13	,	,	PUNCT
fbem-13331	52	14	break	break	VERB
fbem-13331	52	15	the	the	DET
fbem-13331	52	16	traditional	traditional	ADJ
fbem-13331	52	17	"	"	PUNCT
fbem-13331	52	18	vassal	vassal	ADJ
fbem-13331	52	19	economy	economy	NOUN
fbem-13331	52	20	"	"	PUNCT
fbem-13331	52	21	,	,	PUNCT
fbem-13331	52	22	promote	promote	VERB
fbem-13331	52	23	the	the	DET
fbem-13331	52	24	pareto	pareto	VERB
fbem-13331	52	25	-	-	PUNCT
fbem-13331	52	26	optimal	optimal	ADJ
fbem-13331	52	27	allocation	allocation	NOUN
fbem-13331	52	28	of	of	ADP
fbem-13331	52	29	resources	resource	NOUN
fbem-13331	52	30	within	within	ADP
fbem-13331	52	31	the	the	DET
fbem-13331	52	32	region	region	NOUN
fbem-13331	52	33	,	,	PUNCT
fbem-13331	52	34	form	form	VERB
fbem-13331	52	35	a	a	DET
fbem-13331	52	36	community	community	NOUN
fbem-13331	52	37	of	of	ADP
fbem-13331	52	38	regional	regional	ADJ
fbem-13331	52	39	coordination	coordination	NOUN
fbem-13331	52	40	,	,	PUNCT
fbem-13331	52	41	innovation	innovation	NOUN
fbem-13331	52	42	,	,	PUNCT
fbem-13331	52	43	and	and	CCONJ
fbem-13331	52	44	development	development	NOUN
fbem-13331	52	45	(	(	PUNCT
fbem-13331	52	46	liu	liu	PROPN
fbem-13331	52	47	,	,	PUNCT
fbem-13331	52	48	naiquan	naiquan	PROPN
fbem-13331	52	49	,	,	PUNCT
fbem-13331	52	50	and	and	CCONJ
fbem-13331	52	51	wu	wu	PROPN
fbem-13331	52	52	,	,	PUNCT
fbem-13331	52	53	you	you	PRON
fbem-13331	52	54	,	,	PUNCT
fbem-13331	52	55	2017	2017	NUM
fbem-13331	52	56	;	;	PUNCT
fbem-13331	52	57	yin	yin	NOUN
fbem-13331	52	58	,	,	PUNCT
fbem-13331	52	59	qingmin	qingmin	NOUN
fbem-13331	52	60	,	,	PUNCT
fbem-13331	52	61	and	and	CCONJ
fbem-13331	52	62	qi	qi	PROPN
fbem-13331	52	63	,	,	PUNCT
fbem-13331	52	64	shoushuo	shoushuo	NOUN
fbem-13331	52	65	,	,	PUNCT
fbem-13331	52	66	2022	2022	NUM
fbem-13331	52	67	)	)	PUNCT
fbem-13331	52	68	,	,	PUNCT
fbem-13331	52	69	and	and	CCONJ
fbem-13331	52	70	reduce	reduce	VERB
fbem-13331	52	71	the	the	DET
fbem-13331	52	72	institutional	institutional	ADJ
fbem-13331	52	73	distance	distance	NOUN
fbem-13331	52	74	between	between	ADP
fbem-13331	52	75	cities	city	NOUN
fbem-13331	52	76	in	in	ADP
fbem-13331	52	77	the	the	DET
fbem-13331	52	78	region	region	NOUN
fbem-13331	52	79	(	(	PUNCT
fbem-13331	52	80	wang	wang	PROPN
fbem-13331	52	81	,	,	PUNCT
fbem-13331	52	82	yu	yu	PROPN
fbem-13331	52	83	,	,	PUNCT
fbem-13331	52	84	and	and	CCONJ
fbem-13331	52	85	zhang	zhang	PROPN
fbem-13331	52	86	,	,	PUNCT
fbem-13331	52	87	2022	2022	NUM
fbem-13331	52	88	)	)	PUNCT
fbem-13331	52	89	,	,	PUNCT
fbem-13331	52	90	as	as	ADV
fbem-13331	52	91	well	well	ADV
fbem-13331	52	92	as	as	ADP
fbem-13331	52	93	the	the	DET
fbem-13331	52	94	institutional	institutional	ADJ
fbem-13331	52	95	differences	difference	NOUN
fbem-13331	52	96	between	between	ADP
fbem-13331	52	97	cities	city	NOUN
fbem-13331	52	98	in	in	ADP
fbem-13331	52	99	the	the	DET
fbem-13331	52	100	region	region	NOUN
fbem-13331	52	101	(	(	PUNCT
fbem-13331	52	102	wang	wang	PROPN
fbem-13331	52	103	,	,	PUNCT
fbem-13331	52	104	yu	yu	PROPN
fbem-13331	52	105	,	,	PUNCT
fbem-13331	52	106	and	and	CCONJ
fbem-13331	52	107	zhang	zhang	PROPN
fbem-13331	52	108	,	,	PUNCT
fbem-13331	52	109	2022	2022	NUM
fbem-13331	52	110	)	)	PUNCT
fbem-13331	52	111	.	.	PUNCT
fbem-13331	53	1	distance	distance	NOUN
fbem-13331	53	2	(	(	PUNCT
fbem-13331	53	3	wang	wang	PROPN
fbem-13331	53	4	yu	yu	PROPN
fbem-13331	53	5	and	and	CCONJ
fbem-13331	53	6	zhang	zhang	PROPN
fbem-13331	53	7	jingxiang	jingxiang	PROPN
fbem-13331	53	8	,	,	PUNCT
fbem-13331	53	9	2022	2022	NUM
fbem-13331	53	10	)	)	PUNCT
fbem-13331	53	11	.	.	PUNCT
fbem-13331	54	1	on	on	ADP
fbem-13331	54	2	the	the	DET
fbem-13331	54	3	one	one	NUM
fbem-13331	54	4	hand	hand	NOUN
fbem-13331	54	5	,	,	PUNCT
fbem-13331	54	6	similar	similar	ADJ
fbem-13331	54	7	institutional	institutional	ADJ
fbem-13331	54	8	environments	environment	NOUN
fbem-13331	54	9	can	can	AUX
fbem-13331	54	10	significantly	significantly	ADV
fbem-13331	54	11	enhance	enhance	VERB
fbem-13331	54	12	the	the	DET
fbem-13331	54	13	sense	sense	NOUN
fbem-13331	54	14	of	of	ADP
fbem-13331	54	15	identity	identity	NOUN
fbem-13331	54	16	among	among	ADP
fbem-13331	54	17	groups	group	NOUN
fbem-13331	54	18	,	,	PUNCT
fbem-13331	54	19	reduce	reduce	VERB
fbem-13331	54	20	the	the	DET
fbem-13331	54	21	alienation	alienation	NOUN
fbem-13331	54	22	and	and	CCONJ
fbem-13331	54	23	mistrust	mistrust	NOUN
fbem-13331	54	24	between	between	ADP
fbem-13331	54	25	vcs	vcs	PROPN
fbem-13331	54	26	and	and	CCONJ
fbem-13331	54	27	enterprises	enterprise	NOUN
fbem-13331	54	28	,	,	PUNCT
fbem-13331	54	29	and	and	CCONJ
fbem-13331	54	30	enhance	enhance	VERB
fbem-13331	54	31	vcs	vcs	PROPN
fbem-13331	54	32	'	'	PART
fbem-13331	54	33	cross	cross	ADJ
fbem-13331	54	34	-	-	ADJ
fbem-13331	54	35	city	city	ADJ
fbem-13331	54	36	and	and	CCONJ
fbem-13331	54	37	crossprovince	crossprovince	NOUN
fbem-13331	54	38	investments	investment	NOUN
fbem-13331	54	39	within	within	ADP
fbem-13331	54	40	the	the	DET
fbem-13331	54	41	region	region	NOUN
fbem-13331	54	42	;	;	PUNCT
fbem-13331	54	43	and	and	CCONJ
fbem-13331	54	44	it	it	PRON
fbem-13331	54	45	helps	help	VERB
fbem-13331	54	46	vcs	vcs	PROPN
fbem-13331	54	47	to	to	PART
fbem-13331	54	48	understand	understand	VERB
fbem-13331	54	49	the	the	DET
fbem-13331	54	50	local	local	ADJ
fbem-13331	54	51	market	market	NOUN
fbem-13331	54	52	environment	environment	NOUN
fbem-13331	54	53	and	and	CCONJ
fbem-13331	54	54	legal	legal	ADJ
fbem-13331	54	55	system	system	NOUN
fbem-13331	54	56	construction	construction	NOUN
fbem-13331	54	57	more	more	ADV
fbem-13331	54	58	quickly	quickly	ADV
fbem-13331	54	59	,	,	PUNCT
fbem-13331	54	60	reducing	reduce	VERB
fbem-13331	54	61	the	the	DET
fbem-13331	54	62	market	market	NOUN
fbem-13331	54	63	risks	risk	NOUN
fbem-13331	54	64	and	and	CCONJ
fbem-13331	54	65	information	information	NOUN
fbem-13331	54	66	collection	collection	NOUN
fbem-13331	54	67	costs	cost	NOUN
fbem-13331	54	68	faced	face	VERB
fbem-13331	54	69	by	by	ADP
fbem-13331	54	70	vcs	vcs	PROPN
fbem-13331	54	71	,	,	PUNCT
fbem-13331	54	72	thus	thus	ADV
fbem-13331	54	73	correcting	correct	VERB
fbem-13331	54	74	the	the	DET
fbem-13331	54	75	mismatch	mismatch	NOUN
fbem-13331	54	76	between	between	ADP
fbem-13331	54	77	vcs	vcs	NOUN
fbem-13331	54	78	and	and	CCONJ
fbem-13331	54	79	enterprises	enterprise	NOUN
fbem-13331	54	80	on	on	ADP
fbem-13331	54	81	the	the	DET
fbem-13331	54	82	other	other	ADJ
fbem-13331	54	83	hand	hand	NOUN
fbem-13331	54	84	,	,	PUNCT
fbem-13331	54	85	regional	regional	ADJ
fbem-13331	54	86	integration	integration	NOUN
fbem-13331	54	87	means	mean	VERB
fbem-13331	54	88	that	that	SCONJ
fbem-13331	54	89	the	the	DET
fbem-13331	54	90	resources	resource	NOUN
fbem-13331	54	91	between	between	ADP
fbem-13331	54	92	cities	city	NOUN
fbem-13331	54	93	can	can	AUX
fbem-13331	54	94	be	be	AUX
fbem-13331	54	95	used	use	VERB
fbem-13331	54	96	in	in	ADP
fbem-13331	54	97	the	the	DET
fbem-13331	54	98	same	same	ADJ
fbem-13331	54	99	way	way	NOUN
fbem-13331	54	100	.	.	PUNCT
fbem-13331	55	1	on	on	ADP
fbem-13331	55	2	the	the	DET
fbem-13331	55	3	other	other	ADJ
fbem-13331	55	4	hand	hand	NOUN
fbem-13331	55	5	,	,	PUNCT
fbem-13331	55	6	regional	regional	ADJ
fbem-13331	55	7	integration	integration	NOUN
fbem-13331	55	8	implies	imply	VERB
fbem-13331	55	9	the	the	DET
fbem-13331	55	10	sharing	sharing	NOUN
fbem-13331	55	11	of	of	ADP
fbem-13331	55	12	resources	resource	NOUN
fbem-13331	55	13	,	,	PUNCT
fbem-13331	55	14	free	free	ADJ
fbem-13331	55	15	flow	flow	NOUN
fbem-13331	55	16	of	of	ADP
fbem-13331	55	17	factors	factor	NOUN
fbem-13331	55	18	,	,	PUNCT
fbem-13331	55	19	equalisation	equalisation	NOUN
fbem-13331	55	20	of	of	ADP
fbem-13331	55	21	public	public	ADJ
fbem-13331	55	22	services	service	NOUN
fbem-13331	55	23	and	and	CCONJ
fbem-13331	55	24	integration	integration	NOUN
fbem-13331	55	25	of	of	ADP
fbem-13331	55	26	market	market	NOUN
fbem-13331	55	27	resources	resource	NOUN
fbem-13331	55	28	among	among	ADP
fbem-13331	55	29	cities	city	NOUN
fbem-13331	55	30	,	,	PUNCT
fbem-13331	55	31	so	so	SCONJ
fbem-13331	55	32	that	that	SCONJ
fbem-13331	55	33	vcs	vcs	PROPN
fbem-13331	55	34	can	can	AUX
fbem-13331	55	35	transfer	transfer	VERB
fbem-13331	55	36	their	their	PRON
fbem-13331	55	37	accumulated	accumulate	VERB
fbem-13331	55	38	industry	industry	NOUN
fbem-13331	55	39	experience	experience	NOUN
fbem-13331	55	40	,	,	PUNCT
fbem-13331	55	41	innovation	innovation	NOUN
fbem-13331	55	42	resources	resource	NOUN
fbem-13331	55	43	and	and	CCONJ
fbem-13331	55	44	human	human	ADJ
fbem-13331	55	45	capital	capital	NOUN
fbem-13331	55	46	to	to	ADP
fbem-13331	55	47	startups	startup	NOUN
fbem-13331	55	48	,	,	PUNCT
fbem-13331	55	49	thus	thus	ADV
fbem-13331	55	50	promoting	promote	VERB
fbem-13331	55	51	the	the	DET
fbem-13331	55	52	improvement	improvement	NOUN
fbem-13331	55	53	of	of	ADP
fbem-13331	55	54	the	the	DET
fbem-13331	55	55	basic	basic	ADJ
fbem-13331	55	56	innovation	innovation	NOUN
fbem-13331	55	57	level	level	NOUN
fbem-13331	55	58	of	of	ADP
fbem-13331	55	59	enterprises	enterprise	NOUN
fbem-13331	55	60	.	.	PUNCT
fbem-13331	56	1	therefore	therefore	ADV
fbem-13331	56	2	,	,	PUNCT
fbem-13331	56	3	the	the	DET
fbem-13331	56	4	following	follow	VERB
fbem-13331	56	5	hypothesis	hypothesis	NOUN
fbem-13331	56	6	is	be	AUX
fbem-13331	56	7	proposed	propose	VERB
fbem-13331	56	8	:	:	PUNCT
fbem-13331	56	9	h1	h1	NOUN
fbem-13331	56	10	:	:	PUNCT
fbem-13331	56	11	regional	regional	ADJ
fbem-13331	56	12	integration	integration	NOUN
fbem-13331	56	13	policy	policy	NOUN
fbem-13331	56	14	can	can	AUX
fbem-13331	56	15	significantly	significantly	ADV
fbem-13331	56	16	enhance	enhance	VERB
fbem-13331	56	17	the	the	DET
fbem-13331	56	18	level	level	NOUN
fbem-13331	56	19	of	of	ADP
fbem-13331	56	20	foundational	foundational	ADJ
fbem-13331	56	21	innovation	innovation	NOUN
fbem-13331	56	22	of	of	ADP
fbem-13331	56	23	enterprises	enterprise	NOUN
fbem-13331	56	24	with	with	ADP
fbem-13331	56	25	vc	vc	PROPN
fbem-13331	56	26	intervention	intervention	NOUN
fbem-13331	56	27	.	.	PUNCT
fbem-13331	57	1	h2	h2	NOUN
fbem-13331	57	2	:	:	PUNCT
fbem-13331	57	3	regional	regional	ADJ
fbem-13331	57	4	integration	integration	NOUN
fbem-13331	57	5	reduces	reduce	VERB
fbem-13331	57	6	the	the	DET
fbem-13331	57	7	institutional	institutional	ADJ
fbem-13331	57	8	distance	distance	NOUN
fbem-13331	57	9	between	between	ADP
fbem-13331	57	10	vcs	vcs	PROPN
fbem-13331	57	11	and	and	CCONJ
fbem-13331	57	12	invested	invest	VERB
fbem-13331	57	13	firms	firm	NOUN
fbem-13331	57	14	by	by	ADP
fbem-13331	57	15	shrinking	shrink	VERB
fbem-13331	57	16	the	the	DET
fbem-13331	57	17	institutional	institutional	ADJ
fbem-13331	57	18	distance	distance	NOUN
fbem-13331	57	19	between	between	ADP
fbem-13331	57	20	vcs	vcs	PROPN
fbem-13331	57	21	and	and	CCONJ
fbem-13331	57	22	invested	invest	VERB
fbem-13331	57	23	firms	firm	NOUN
fbem-13331	57	24	,	,	PUNCT
fbem-13331	57	25	which	which	PRON
fbem-13331	57	26	in	in	ADP
fbem-13331	57	27	turn	turn	NOUN
fbem-13331	57	28	enhances	enhance	VERB
fbem-13331	57	29	the	the	DET
fbem-13331	57	30	foundational	foundational	ADJ
fbem-13331	57	31	innovation	innovation	NOUN
fbem-13331	57	32	of	of	ADP
fbem-13331	57	33	enterprises	enterprise	NOUN
fbem-13331	57	34	.	.	PUNCT
fbem-13331	58	1	2.2	2.2	NUM
fbem-13331	58	2	.	.	PUNCT
fbem-13331	59	1	heterogeneity	heterogeneity	NOUN
fbem-13331	59	2	analysis	analysis	NOUN
fbem-13331	59	3	of	of	ADP
fbem-13331	59	4	regional	regional	ADJ
fbem-13331	59	5	integration	integration	NOUN
fbem-13331	59	6	policy	policy	NOUN
fbem-13331	59	7	effects	effect	NOUN
fbem-13331	59	8	due	due	ADJ
fbem-13331	59	9	to	to	ADP
fbem-13331	59	10	the	the	DET
fbem-13331	59	11	nature	nature	NOUN
fbem-13331	59	12	of	of	ADP
fbem-13331	59	13	vcs	vcs	PROPN
fbem-13331	59	14	'	'	PART
fbem-13331	59	15	property	property	NOUN
fbem-13331	59	16	rights	right	NOUN
fbem-13331	59	17	and	and	CCONJ
fbem-13331	59	18	the	the	DET
fbem-13331	59	19	different	different	ADJ
fbem-13331	59	20	industry	industry	NOUN
fbem-13331	59	21	characteristics	characteristic	NOUN
fbem-13331	59	22	of	of	ADP
fbem-13331	59	23	invested	invest	VERB
fbem-13331	59	24	enterprises	enterprise	NOUN
fbem-13331	59	25	,	,	PUNCT
fbem-13331	59	26	there	there	PRON
fbem-13331	59	27	are	be	VERB
fbem-13331	59	28	differences	difference	NOUN
fbem-13331	59	29	in	in	ADP
fbem-13331	59	30	the	the	DET
fbem-13331	59	31	regional	regional	ADJ
fbem-13331	59	32	integration	integration	NOUN
fbem-13331	59	33	policy	policy	NOUN
fbem-13331	59	34	effects	effect	NOUN
fbem-13331	59	35	on	on	ADP
fbem-13331	59	36	venture	venture	NOUN
fbem-13331	59	37	capital	capital	NOUN
fbem-13331	59	38	to	to	PART
fbem-13331	59	39	promote	promote	VERB
fbem-13331	59	40	basic	basic	ADJ
fbem-13331	59	41	innovation	innovation	NOUN
fbem-13331	59	42	of	of	ADP
fbem-13331	59	43	enterprises	enterprise	NOUN
fbem-13331	59	44	.	.	PUNCT
fbem-13331	60	1	first	first	ADV
fbem-13331	60	2	,	,	PUNCT
fbem-13331	60	3	the	the	DET
fbem-13331	60	4	nature	nature	NOUN
fbem-13331	60	5	of	of	ADP
fbem-13331	60	6	equity	equity	NOUN
fbem-13331	60	7	of	of	ADP
fbem-13331	60	8	vc	vc	PROPN
fbem-13331	60	9	institutions	institution	NOUN
fbem-13331	60	10	is	be	AUX
fbem-13331	60	11	closely	closely	ADV
fbem-13331	60	12	related	relate	VERB
fbem-13331	60	13	to	to	ADP
fbem-13331	60	14	regional	regional	ADJ
fbem-13331	60	15	integration	integration	NOUN
fbem-13331	60	16	policy	policy	NOUN
fbem-13331	60	17	effects	effect	NOUN
fbem-13331	60	18	.	.	PUNCT
fbem-13331	61	1	on	on	ADP
fbem-13331	61	2	the	the	DET
fbem-13331	61	3	one	one	NUM
fbem-13331	61	4	hand	hand	NOUN
fbem-13331	61	5	,	,	PUNCT
fbem-13331	61	6	state	state	NOUN
fbem-13331	61	7	-	-	PUNCT
fbem-13331	61	8	owned	own	VERB
fbem-13331	61	9	vcs	vcs	NOUN
fbem-13331	61	10	have	have	VERB
fbem-13331	61	11	certain	certain	ADJ
fbem-13331	61	12	public	public	ADJ
fbem-13331	61	13	attributes	attribute	NOUN
fbem-13331	61	14	(	(	PUNCT
fbem-13331	61	15	faccio	faccio	PROPN
fbem-13331	61	16	m	m	PROPN
fbem-13331	61	17	,	,	PUNCT
fbem-13331	61	18	2017	2017	NUM
fbem-13331	61	19	;	;	PUNCT
fbem-13331	61	20	dong	dong	PROPN
fbem-13331	61	21	jing	jing	PROPN
fbem-13331	61	22	et	et	PROPN
fbem-13331	61	23	al	al	PROPN
fbem-13331	61	24	.	.	PROPN
fbem-13331	61	25	,	,	PUNCT
fbem-13331	61	26	2017	2017	NUM
fbem-13331	61	27	)	)	PUNCT
fbem-13331	61	28	and	and	CCONJ
fbem-13331	61	29	undertake	undertake	VERB
fbem-13331	61	30	the	the	DET
fbem-13331	61	31	mission	mission	NOUN
fbem-13331	61	32	of	of	ADP
fbem-13331	61	33	promoting	promote	VERB
fbem-13331	61	34	local	local	ADJ
fbem-13331	61	35	industrial	industrial	ADJ
fbem-13331	61	36	restructuring	restructuring	NOUN
fbem-13331	61	37	,	,	PUNCT
fbem-13331	61	38	scientific	scientific	ADJ
fbem-13331	61	39	and	and	CCONJ
fbem-13331	61	40	technological	technological	ADJ
fbem-13331	61	41	innovation	innovation	NOUN
fbem-13331	61	42	,	,	PUNCT
fbem-13331	61	43	and	and	CCONJ
fbem-13331	61	44	regional	regional	ADJ
fbem-13331	61	45	economic	economic	ADJ
fbem-13331	61	46	development	development	NOUN
fbem-13331	61	47	(	(	PUNCT
fbem-13331	61	48	huang	huang	PROPN
fbem-13331	61	49	guangfu	guangfu	PROPN
fbem-13331	61	50	et	et	PROPN
fbem-13331	61	51	al	al	PROPN
fbem-13331	61	52	.	.	PROPN
fbem-13331	61	53	2014	2014	NUM
fbem-13331	61	54	;	;	PUNCT
fbem-13331	61	55	yu	yu	PROPN
fbem-13331	61	56	yan	yan	PROPN
fbem-13331	61	57	et	et	PROPN
fbem-13331	61	58	al	al	PROPN
fbem-13331	61	59	.	.	PROPN
fbem-13331	61	60	2014	2014	NUM
fbem-13331	61	61	;	;	PUNCT
fbem-13331	61	62	chen	chen	PROPN
fbem-13331	61	63	xin	xin	PROPN
fbem-13331	61	64	et	et	PROPN
fbem-13331	61	65	al	al	PROPN
fbem-13331	61	66	.	.	PROPN
fbem-13331	61	67	2021	2021	NUM
fbem-13331	61	68	)	)	PUNCT
fbem-13331	61	69	.	.	PUNCT
fbem-13331	62	1	in	in	ADP
fbem-13331	62	2	the	the	DET
fbem-13331	62	3	context	context	NOUN
fbem-13331	62	4	of	of	ADP
fbem-13331	62	5	regional	regional	ADJ
fbem-13331	62	6	integration	integration	NOUN
fbem-13331	62	7	policies	policy	NOUN
fbem-13331	62	8	,	,	PUNCT
fbem-13331	62	9	state	state	NOUN
fbem-13331	62	10	-	-	PUNCT
fbem-13331	62	11	owned	own	VERB
fbem-13331	62	12	venture	venture	NOUN
fbem-13331	62	13	capitalists	capitalist	NOUN
fbem-13331	62	14	are	be	AUX
fbem-13331	62	15	more	more	ADV
fbem-13331	62	16	likely	likely	ADJ
fbem-13331	62	17	to	to	PART
fbem-13331	62	18	follow	follow	VERB
fbem-13331	62	19	policy	policy	NOUN
fbem-13331	62	20	changes	change	NOUN
fbem-13331	62	21	to	to	PART
fbem-13331	62	22	make	make	VERB
fbem-13331	62	23	intra	intra	ADJ
fbem-13331	62	24	-	-	ADJ
fbem-13331	62	25	regional	regional	ADJ
fbem-13331	62	26	long	long	ADJ
fbem-13331	62	27	-	-	PUNCT
fbem-13331	62	28	distance	distance	NOUN
fbem-13331	62	29	investments	investment	NOUN
fbem-13331	62	30	and	and	CCONJ
fbem-13331	62	31	reduce	reduce	VERB
fbem-13331	62	32	local	local	ADJ
fbem-13331	62	33	preferences	preference	NOUN
fbem-13331	62	34	,	,	PUNCT
fbem-13331	62	35	and	and	CCONJ
fbem-13331	62	36	previous	previous	ADJ
fbem-13331	62	37	studies	study	NOUN
fbem-13331	62	38	have	have	AUX
fbem-13331	62	39	shown	show	VERB
fbem-13331	62	40	that	that	SCONJ
fbem-13331	62	41	state	state	NOUN
fbem-13331	62	42	-	-	PUNCT
fbem-13331	62	43	owned	own	VERB
fbem-13331	62	44	venture	venture	NOUN
fbem-13331	62	45	capitalists	capitalist	NOUN
fbem-13331	62	46	'	'	PART
fbem-13331	62	47	investment	investment	NOUN
fbem-13331	62	48	decisions	decision	NOUN
fbem-13331	62	49	are	be	AUX
fbem-13331	62	50	long	long	ADJ
fbem-13331	62	51	-	-	PUNCT
fbem-13331	62	52	term	term	NOUN
fbem-13331	62	53	in	in	ADP
fbem-13331	62	54	nature	nature	NOUN
fbem-13331	62	55	,	,	PUNCT
fbem-13331	62	56	with	with	ADP
fbem-13331	62	57	a	a	DET
fbem-13331	62	58	greater	great	ADJ
fbem-13331	62	59	focus	focus	NOUN
fbem-13331	62	60	on	on	ADP
fbem-13331	62	61	the	the	DET
fbem-13331	62	62	quality	quality	NOUN
fbem-13331	62	63	of	of	ADP
fbem-13331	62	64	corporate	corporate	ADJ
fbem-13331	62	65	innovation	innovation	NOUN
fbem-13331	62	66	and	and	CCONJ
fbem-13331	62	67	growth	growth	NOUN
fbem-13331	62	68	(	(	PUNCT
fbem-13331	62	69	chen	chen	PROPN
fbem-13331	62	70	xin	xin	PROPN
fbem-13331	62	71	et	et	PROPN
fbem-13331	62	72	al	al	PROPN
fbem-13331	62	73	.	.	PROPN
fbem-13331	62	74	,	,	PUNCT
fbem-13331	62	75	2021	2021	NUM
fbem-13331	62	76	;	;	PUNCT
fbem-13331	62	77	peng	peng	PROPN
fbem-13331	62	78	tao	tao	PROPN
fbem-13331	62	79	et	et	PROPN
fbem-13331	62	80	al	al	PROPN
fbem-13331	62	81	.	.	PROPN
fbem-13331	62	82	,	,	PUNCT
fbem-13331	62	83	2022	2022	NUM
fbem-13331	62	84	)	)	PUNCT
fbem-13331	62	85	.	.	PUNCT
fbem-13331	63	1	therefore	therefore	ADV
fbem-13331	63	2	,	,	PUNCT
fbem-13331	63	3	the	the	DET
fbem-13331	63	4	implementation	implementation	NOUN
fbem-13331	63	5	of	of	ADP
fbem-13331	63	6	regional	regional	ADJ
fbem-13331	63	7	integration	integration	NOUN
fbem-13331	63	8	policies	policy	NOUN
fbem-13331	63	9	has	have	AUX
fbem-13331	63	10	led	lead	VERB
fbem-13331	63	11	to	to	ADP
fbem-13331	63	12	a	a	DET
fbem-13331	63	13	better	well	ADJ
fbem-13331	63	14	fit	fit	NOUN
fbem-13331	63	15	between	between	ADP
fbem-13331	63	16	state	state	NOUN
fbem-13331	63	17	-	-	PUNCT
fbem-13331	63	18	owned	own	VERB
fbem-13331	63	19	vcs	vcs	NOUN
fbem-13331	63	20	and	and	CCONJ
fbem-13331	63	21	firms	firm	NOUN
fbem-13331	63	22	,	,	PUNCT
fbem-13331	63	23	which	which	PRON
fbem-13331	63	24	in	in	ADP
fbem-13331	63	25	turn	turn	NOUN
fbem-13331	63	26	promotes	promote	VERB
fbem-13331	63	27	fundamental	fundamental	ADJ
fbem-13331	63	28	innovation	innovation	NOUN
fbem-13331	63	29	in	in	ADP
fbem-13331	63	30	firms	firm	NOUN
fbem-13331	63	31	.	.	PUNCT
fbem-13331	64	1	in	in	ADP
fbem-13331	64	2	addition	addition	NOUN
fbem-13331	64	3	,	,	PUNCT
fbem-13331	64	4	stateowned	stateowne	VERB
fbem-13331	64	5	venture	venture	NOUN
fbem-13331	64	6	capital	capital	NOUN
fbem-13331	64	7	has	have	VERB
fbem-13331	64	8	a	a	DET
fbem-13331	64	9	stronger	strong	ADJ
fbem-13331	64	10	authentication	authentication	NOUN
fbem-13331	64	11	function	function	NOUN
fbem-13331	64	12	,	,	PUNCT
fbem-13331	64	13	which	which	PRON
fbem-13331	64	14	is	be	AUX
fbem-13331	64	15	not	not	PART
fbem-13331	64	16	only	only	ADV
fbem-13331	64	17	conducive	conducive	ADJ
fbem-13331	64	18	to	to	ADP
fbem-13331	64	19	the	the	DET
fbem-13331	64	20	investment	investment	NOUN
fbem-13331	64	21	and	and	CCONJ
fbem-13331	64	22	loan	loan	NOUN
fbem-13331	64	23	linkage	linkage	NOUN
fbem-13331	64	24	effect	effect	NOUN
fbem-13331	64	25	with	with	ADP
fbem-13331	64	26	state	state	NOUN
fbem-13331	64	27	-	-	PUNCT
fbem-13331	64	28	owned	own	VERB
fbem-13331	64	29	banks	bank	NOUN
fbem-13331	64	30	,	,	PUNCT
fbem-13331	64	31	but	but	CCONJ
fbem-13331	64	32	also	also	ADV
fbem-13331	64	33	due	due	ADP
fbem-13331	64	34	to	to	ADP
fbem-13331	64	35	its	its	PRON
fbem-13331	64	36	strong	strong	ADJ
fbem-13331	64	37	information	information	NOUN
fbem-13331	64	38	advantage	advantage	NOUN
fbem-13331	64	39	can	can	AUX
fbem-13331	64	40	drive	drive	VERB
fbem-13331	64	41	private	private	ADJ
fbem-13331	64	42	venture	venture	NOUN
fbem-13331	64	43	capital	capital	NOUN
fbem-13331	64	44	as	as	ADV
fbem-13331	64	45	well	well	ADV
fbem-13331	64	46	as	as	ADP
fbem-13331	64	47	bank	bank	NOUN
fbem-13331	64	48	investment	investment	NOUN
fbem-13331	64	49	,	,	PUNCT
fbem-13331	64	50	so	so	SCONJ
fbem-13331	64	51	that	that	SCONJ
fbem-13331	64	52	enterprises	enterprise	NOUN
fbem-13331	64	53	have	have	VERB
fbem-13331	64	54	enough	enough	ADJ
fbem-13331	64	55	funds	fund	NOUN
fbem-13331	64	56	for	for	ADP
fbem-13331	64	57	invention	invention	NOUN
fbem-13331	64	58	and	and	CCONJ
fbem-13331	64	59	creation	creation	NOUN
fbem-13331	64	60	.	.	PUNCT
fbem-13331	65	1	based	base	VERB
fbem-13331	65	2	on	on	ADP
fbem-13331	65	3	the	the	DET
fbem-13331	65	4	above	above	ADJ
fbem-13331	65	5	analysis	analysis	NOUN
fbem-13331	65	6	,	,	PUNCT
fbem-13331	65	7	the	the	DET
fbem-13331	65	8	following	follow	VERB
fbem-13331	65	9	hypotheses	hypothesis	NOUN
fbem-13331	65	10	are	be	AUX
fbem-13331	65	11	proposed	propose	VERB
fbem-13331	65	12	:	:	PUNCT
fbem-13331	65	13	h3	h3	NOUN
fbem-13331	65	14	:	:	PUNCT
fbem-13331	65	15	in	in	ADP
fbem-13331	65	16	the	the	DET
fbem-13331	65	17	context	context	NOUN
fbem-13331	65	18	of	of	ADP
fbem-13331	65	19	regional	regional	ADJ
fbem-13331	65	20	integration	integration	NOUN
fbem-13331	65	21	,	,	PUNCT
fbem-13331	65	22	the	the	DET
fbem-13331	65	23	intervention	intervention	NOUN
fbem-13331	65	24	of	of	ADP
fbem-13331	65	25	state	state	NOUN
fbem-13331	65	26	-	-	PUNCT
fbem-13331	65	27	owned	own	VERB
fbem-13331	65	28	venture	venture	NOUN
fbem-13331	65	29	capital	capital	NOUN
fbem-13331	65	30	is	be	AUX
fbem-13331	65	31	more	more	ADV
fbem-13331	65	32	favourable	favourable	ADJ
fbem-13331	65	33	to	to	ADP
fbem-13331	65	34	the	the	DET
fbem-13331	65	35	basic	basic	ADJ
fbem-13331	65	36	innovation	innovation	NOUN
fbem-13331	65	37	of	of	ADP
fbem-13331	65	38	enterprises	enterprise	NOUN
fbem-13331	65	39	relative	relative	ADJ
fbem-13331	65	40	to	to	ADP
fbem-13331	65	41	private	private	ADJ
fbem-13331	65	42	venture	venture	NOUN
fbem-13331	65	43	capital	capital	NOUN
fbem-13331	65	44	;	;	PUNCT
fbem-13331	65	45	second	second	X
fbem-13331	65	46	,	,	PUNCT
fbem-13331	65	47	the	the	DET
fbem-13331	65	48	differences	difference	NOUN
fbem-13331	65	49	in	in	ADP
fbem-13331	65	50	the	the	DET
fbem-13331	65	51	industry	industry	NOUN
fbem-13331	65	52	characteristics	characteristic	NOUN
fbem-13331	65	53	of	of	ADP
fbem-13331	65	54	invested	invest	VERB
fbem-13331	65	55	firms	firm	NOUN
fbem-13331	65	56	are	be	AUX
fbem-13331	65	57	closely	closely	ADV
fbem-13331	65	58	related	relate	VERB
fbem-13331	65	59	to	to	ADP
fbem-13331	65	60	regional	regional	ADJ
fbem-13331	65	61	integration	integration	NOUN
fbem-13331	65	62	policy	policy	NOUN
fbem-13331	65	63	effects	effect	NOUN
fbem-13331	65	64	.	.	PUNCT
fbem-13331	66	1	first	first	ADV
fbem-13331	66	2	,	,	PUNCT
fbem-13331	66	3	the	the	DET
fbem-13331	66	4	innovation	innovation	NOUN
fbem-13331	66	5	activities	activity	NOUN
fbem-13331	66	6	of	of	ADP
fbem-13331	66	7	strategic	strategic	ADJ
fbem-13331	66	8	emerging	emerge	VERB
fbem-13331	66	9	enterprises	enterprise	NOUN
fbem-13331	66	10	are	be	AUX
fbem-13331	66	11	cutting	cut	VERB
fbem-13331	66	12	-	-	PUNCT
fbem-13331	66	13	edge	edge	NOUN
fbem-13331	66	14	,	,	PUNCT
fbem-13331	66	15	groundbreaking	groundbreaking	NOUN
fbem-13331	66	16	,	,	PUNCT
fbem-13331	66	17	and	and	CCONJ
fbem-13331	66	18	exploratory	exploratory	NOUN
fbem-13331	66	19	(	(	PUNCT
fbem-13331	66	20	liu	liu	PROPN
fbem-13331	66	21	fengqin	fengqin	PROPN
fbem-13331	66	22	and	and	CCONJ
fbem-13331	66	23	su	su	PROPN
fbem-13331	66	24	meili	meili	NOUN
fbem-13331	66	25	,	,	PUNCT
fbem-13331	66	26	2022	2022	NUM
fbem-13331	66	27	)	)	PUNCT
fbem-13331	66	28	,	,	PUNCT
fbem-13331	66	29	and	and	CCONJ
fbem-13331	66	30	at	at	ADP
fbem-13331	66	31	the	the	DET
fbem-13331	66	32	same	same	ADJ
fbem-13331	66	33	time	time	NOUN
fbem-13331	66	34	risky	risky	ADJ
fbem-13331	66	35	and	and	CCONJ
fbem-13331	66	36	highly	highly	ADV
fbem-13331	66	37	invested	invest	VERB
fbem-13331	66	38	.	.	PUNCT
fbem-13331	67	1	these	these	DET
fbem-13331	67	2	characteristics	characteristic	NOUN
fbem-13331	67	3	make	make	VERB
fbem-13331	67	4	vcs	vcs	PROPN
fbem-13331	67	5	face	face	VERB
fbem-13331	67	6	higher	high	ADJ
fbem-13331	67	7	information	information	NOUN
fbem-13331	67	8	asymmetry	asymmetry	NOUN
fbem-13331	67	9	as	as	ADV
fbem-13331	67	10	well	well	ADV
fbem-13331	67	11	as	as	ADP
fbem-13331	67	12	agency	agency	NOUN
fbem-13331	67	13	risk	risk	NOUN
fbem-13331	67	14	,	,	PUNCT
fbem-13331	67	15	and	and	CCONJ
fbem-13331	67	16	the	the	DET
fbem-13331	67	17	need	need	NOUN
fbem-13331	67	18	for	for	ADP
fbem-13331	67	19	information	information	NOUN
fbem-13331	67	20	is	be	AUX
fbem-13331	67	21	more	more	ADV
fbem-13331	67	22	obvious	obvious	ADJ
fbem-13331	67	23	(	(	PUNCT
fbem-13331	67	24	hellmann	hellmann	PROPN
fbem-13331	67	25	and	and	CCONJ
fbem-13331	67	26	puri	puri	PROPN
fbem-13331	67	27	,	,	PUNCT
fbem-13331	67	28	2000	2000	NUM
fbem-13331	67	29	;	;	PUNCT
fbem-13331	68	1	huang	huang	PROPN
fbem-13331	68	2	et	et	PROPN
fbem-13331	68	3	al	al	PROPN
fbem-13331	68	4	.	.	PROPN
fbem-13331	68	5	,	,	PUNCT
fbem-13331	68	6	2015	2015	NUM
fbem-13331	68	7	)	)	PUNCT
fbem-13331	68	8	,	,	PUNCT
fbem-13331	68	9	therefore	therefore	ADV
fbem-13331	68	10	,	,	PUNCT
fbem-13331	68	11	venture	venture	NOUN
fbem-13331	68	12	capital	capital	NOUN
fbem-13331	68	13	has	have	AUX
fbem-13331	68	14	long	long	ADV
fbem-13331	68	15	been	be	AUX
fbem-13331	68	16	suffering	suffer	VERB
fbem-13331	68	17	from	from	ADP
fbem-13331	68	18	inefficient	inefficient	ADJ
fbem-13331	68	19	resource	resource	NOUN
fbem-13331	68	20	allocation	allocation	NOUN
fbem-13331	68	21	in	in	ADP
fbem-13331	68	22	technology	technology	NOUN
fbem-13331	68	23	-	-	PUNCT
fbem-13331	68	24	oriented	orient	VERB
fbem-13331	68	25	strategic	strategic	ADJ
fbem-13331	68	26	emerging	emerge	VERB
fbem-13331	68	27	industries	industry	NOUN
fbem-13331	68	28	(	(	PUNCT
fbem-13331	68	29	zhang	zhang	PROPN
fbem-13331	68	30	xueyong	xueyong	PROPN
fbem-13331	68	31	et	et	PROPN
fbem-13331	68	32	al	al	PROPN
fbem-13331	68	33	.	.	PROPN
fbem-13331	68	34	,	,	PUNCT
fbem-13331	68	35	2016	2016	NUM
fbem-13331	68	36	;	;	PUNCT
fbem-13331	68	37	ma	ma	PROPN
fbem-13331	68	38	renmin	renmin	PROPN
fbem-13331	68	39	et	et	PROPN
fbem-13331	68	40	al	al	PROPN
fbem-13331	68	41	.	.	PROPN
fbem-13331	68	42	,	,	PUNCT
fbem-13331	68	43	2022	2022	NUM
fbem-13331	68	44	)	)	PUNCT
fbem-13331	68	45	.	.	PUNCT
fbem-13331	69	1	second	second	ADJ
fbem-13331	69	2	,	,	PUNCT
fbem-13331	69	3	strategic	strategic	ADJ
fbem-13331	69	4	emerging	emerge	VERB
fbem-13331	69	5	firms	firm	NOUN
fbem-13331	69	6	are	be	AUX
fbem-13331	69	7	unable	unable	ADJ
fbem-13331	69	8	to	to	PART
fbem-13331	69	9	attract	attract	VERB
fbem-13331	69	10	high	high	ADJ
fbem-13331	69	11	-	-	PUNCT
fbem-13331	69	12	quality	quality	NOUN
fbem-13331	69	13	vc	vc	NOUN
fbem-13331	69	14	intervention	intervention	NOUN
fbem-13331	69	15	due	due	ADP
fbem-13331	69	16	to	to	ADP
fbem-13331	69	17	their	their	PRON
fbem-13331	69	18	high	high	ADJ
fbem-13331	69	19	r&d	r&d	NOUN
fbem-13331	69	20	investment	investment	NOUN
fbem-13331	69	21	relative	relative	ADJ
fbem-13331	69	22	to	to	ADP
fbem-13331	69	23	traditional	traditional	ADJ
fbem-13331	69	24	firms	firm	NOUN
fbem-13331	69	25	that	that	PRON
fbem-13331	69	26	have	have	VERB
fbem-13331	69	27	poorer	poor	ADJ
fbem-13331	69	28	performance	performance	NOUN
fbem-13331	69	29	in	in	ADP
fbem-13331	69	30	the	the	DET
fbem-13331	69	31	start	start	VERB
fbem-13331	69	32	-	-	PUNCT
fbem-13331	69	33	up	up	ADP
fbem-13331	69	34	period	period	NOUN
fbem-13331	69	35	.	.	PUNCT
fbem-13331	70	1	some	some	DET
fbem-13331	70	2	scholars	scholar	NOUN
fbem-13331	70	3	believe	believe	VERB
fbem-13331	70	4	that	that	SCONJ
fbem-13331	70	5	high	high	ADJ
fbem-13331	70	6	-	-	PUNCT
fbem-13331	70	7	tech	tech	NOUN
fbem-13331	70	8	firms	firm	NOUN
fbem-13331	70	9	can	can	AUX
fbem-13331	70	10	obtain	obtain	VERB
fbem-13331	70	11	vc	vc	ADP
fbem-13331	70	12	investment	investment	NOUN
fbem-13331	70	13	by	by	ADP
fbem-13331	70	14	means	mean	NOUN
fbem-13331	70	15	of	of	ADP
fbem-13331	70	16	innovation	innovation	NOUN
fbem-13331	70	17	signalling	signal	VERB
fbem-13331	70	18	(	(	PUNCT
fbem-13331	70	19	hoenen	hoenen	PROPN
fbem-13331	70	20	et	et	PROPN
fbem-13331	70	21	al	al	PROPN
fbem-13331	70	22	,	,	PUNCT
fbem-13331	70	23	2014	2014	NUM
fbem-13331	70	24	)	)	PUNCT
fbem-13331	70	25	,	,	PUNCT
fbem-13331	70	26	but	but	CCONJ
fbem-13331	70	27	invention	invention	VERB
fbem-13331	70	28	patents	patent	NOUN
fbem-13331	70	29	with	with	ADP
fbem-13331	70	30	long	long	ADJ
fbem-13331	70	31	r&d	r&d	NOUN
fbem-13331	70	32	cycles	cycle	NOUN
fbem-13331	70	33	and	and	CCONJ
fbem-13331	70	34	difficult	difficult	ADJ
fbem-13331	70	35	r&d	r&d	NOUN
fbem-13331	70	36	are	be	AUX
fbem-13331	70	37	usually	usually	ADV
fbem-13331	70	38	used	use	VERB
fbem-13331	70	39	as	as	ADP
fbem-13331	70	40	a	a	DET
fbem-13331	70	41	proxy	proxy	NOUN
fbem-13331	70	42	variable	variable	NOUN
fbem-13331	70	43	for	for	ADP
fbem-13331	70	44	innovation	innovation	NOUN
fbem-13331	70	45	signalling	signal	VERB
fbem-13331	70	46	,	,	PUNCT
fbem-13331	70	47	which	which	PRON
fbem-13331	70	48	makes	make	VERB
fbem-13331	70	49	more	more	ADJ
fbem-13331	70	50	technology	technology	NOUN
fbem-13331	70	51	startups	startup	NOUN
fbem-13331	70	52	unable	unable	ADJ
fbem-13331	70	53	to	to	PART
fbem-13331	70	54	transmit	transmit	VERB
fbem-13331	70	55	information	information	NOUN
fbem-13331	70	56	quickly	quickly	ADV
fbem-13331	70	57	and	and	CCONJ
fbem-13331	70	58	miss	miss	VERB
fbem-13331	70	59	out	out	ADP
fbem-13331	70	60	with	with	ADP
fbem-13331	70	61	high	high	ADJ
fbem-13331	70	62	-	-	PUNCT
fbem-13331	70	63	quality	quality	NOUN
fbem-13331	70	64	venture	venture	NOUN
fbem-13331	70	65	capital	capital	NOUN
fbem-13331	70	66	(	(	PUNCT
fbem-13331	70	67	ma	ma	PROPN
fbem-13331	70	68	renmin	renmin	PROPN
fbem-13331	70	69	et	et	PROPN
fbem-13331	70	70	al	al	PROPN
fbem-13331	70	71	,	,	PUNCT
fbem-13331	70	72	2022	2022	NUM
fbem-13331	70	73	)	)	PUNCT
fbem-13331	70	74	.	.	PUNCT
fbem-13331	71	1	as	as	ADP
fbem-13331	71	2	a	a	DET
fbem-13331	71	3	result	result	NOUN
fbem-13331	71	4	,	,	PUNCT
fbem-13331	71	5	strategic	strategic	ADJ
fbem-13331	71	6	emerging	emerge	VERB
fbem-13331	71	7	firms	firm	NOUN
fbem-13331	71	8	have	have	VERB
fbem-13331	71	9	a	a	DET
fbem-13331	71	10	lower	low	ADJ
fbem-13331	71	11	chance	chance	NOUN
fbem-13331	71	12	of	of	ADP
fbem-13331	71	13	obtaining	obtain	VERB
fbem-13331	71	14	venture	venture	NOUN
fbem-13331	71	15	capital	capital	NOUN
fbem-13331	71	16	investment	investment	NOUN
fbem-13331	71	17	during	during	ADP
fbem-13331	71	18	the	the	DET
fbem-13331	71	19	start	start	VERB
fbem-13331	71	20	-	-	PUNCT
fbem-13331	71	21	up	up	ADP
fbem-13331	71	22	period	period	NOUN
fbem-13331	71	23	.	.	PUNCT
fbem-13331	72	1	the	the	DET
fbem-13331	72	2	regional	regional	ADJ
fbem-13331	72	3	integration	integration	NOUN
fbem-13331	72	4	policy	policy	NOUN
fbem-13331	72	5	allows	allow	VERB
fbem-13331	72	6	vcs	vcs	PROPN
fbem-13331	72	7	to	to	PART
fbem-13331	72	8	obtain	obtain	VERB
fbem-13331	72	9	information	information	NOUN
fbem-13331	72	10	about	about	ADP
fbem-13331	72	11	technology	technology	NOUN
fbem-13331	72	12	-	-	PUNCT
fbem-13331	72	13	based	base	VERB
fbem-13331	72	14	enterprises	enterprise	NOUN
fbem-13331	72	15	in	in	ADP
fbem-13331	72	16	the	the	DET
fbem-13331	72	17	region	region	NOUN
fbem-13331	72	18	at	at	ADP
fbem-13331	72	19	a	a	DET
fbem-13331	72	20	lower	low	ADJ
fbem-13331	72	21	cost	cost	NOUN
fbem-13331	72	22	and	and	CCONJ
fbem-13331	72	23	risk	risk	NOUN
fbem-13331	72	24	,	,	PUNCT
fbem-13331	72	25	increasing	increase	VERB
fbem-13331	72	26	the	the	DET
fbem-13331	72	27	probability	probability	NOUN
fbem-13331	72	28	of	of	ADP
fbem-13331	72	29	technology	technology	NOUN
fbem-13331	72	30	-	-	PUNCT
fbem-13331	72	31	based	base	VERB
fbem-13331	72	32	enterprises	enterprise	NOUN
fbem-13331	72	33	being	be	AUX
fbem-13331	72	34	selected	select	VERB
fbem-13331	72	35	;	;	PUNCT
fbem-13331	72	36	in	in	ADP
fbem-13331	72	37	addition	addition	NOUN
fbem-13331	72	38	,	,	PUNCT
fbem-13331	72	39	due	due	ADP
fbem-13331	72	40	to	to	ADP
fbem-13331	72	41	the	the	DET
fbem-13331	72	42	interconnection	interconnection	NOUN
fbem-13331	72	43	of	of	ADP
fbem-13331	72	44	resources	resource	NOUN
fbem-13331	72	45	in	in	ADP
fbem-13331	72	46	the	the	DET
fbem-13331	72	47	region	region	NOUN
fbem-13331	72	48	,	,	PUNCT
fbem-13331	72	49	vcs	vcs	PROPN
fbem-13331	72	50	are	be	AUX
fbem-13331	72	51	more	more	ADV
fbem-13331	72	52	likely	likely	ADJ
fbem-13331	72	53	to	to	PART
fbem-13331	72	54	channel	channel	VERB
fbem-13331	72	55	industry	industry	NOUN
fbem-13331	72	56	experience	experience	NOUN
fbem-13331	72	57	,	,	PUNCT
fbem-13331	72	58	manpower	manpower	NOUN
fbem-13331	72	59	,	,	PUNCT
fbem-13331	72	60	and	and	CCONJ
fbem-13331	72	61	innovation	innovation	NOUN
fbem-13331	72	62	resources	resource	NOUN
fbem-13331	72	63	to	to	ADP
fbem-13331	72	64	the	the	DET
fbem-13331	72	65	invested	invest	VERB
fbem-13331	72	66	enterprises	enterprise	NOUN
fbem-13331	72	67	to	to	PART
fbem-13331	72	68	enhance	enhance	VERB
fbem-13331	72	69	the	the	DET
fbem-13331	72	70	level	level	NOUN
fbem-13331	72	71	of	of	ADP
fbem-13331	72	72	basic	basic	ADJ
fbem-13331	72	73	innovation	innovation	NOUN
fbem-13331	72	74	in	in	ADP
fbem-13331	72	75	high	high	ADJ
fbem-13331	72	76	-	-	PUNCT
fbem-13331	72	77	tech	tech	NOUN
fbem-13331	72	78	-	-	PUNCT
fbem-13331	72	79	based	base	VERB
fbem-13331	72	80	industries	industry	NOUN
fbem-13331	72	81	.	.	PUNCT
fbem-13331	73	1	therefore	therefore	ADV
fbem-13331	73	2	,	,	PUNCT
fbem-13331	73	3	the	the	DET
fbem-13331	73	4	hypothesis	hypothesis	NOUN
fbem-13331	73	5	is	be	AUX
fbem-13331	73	6	proposed	propose	VERB
fbem-13331	73	7	:	:	PUNCT
fbem-13331	73	8	h4	h4	NOUN
fbem-13331	73	9	:	:	PUNCT
fbem-13331	73	10	relative	relative	ADJ
fbem-13331	73	11	to	to	ADP
fbem-13331	73	12	traditional	traditional	ADJ
fbem-13331	73	13	enterprises	enterprise	NOUN
fbem-13331	73	14	,	,	PUNCT
fbem-13331	73	15	vc	vc	PROPN
fbem-13331	73	16	promotes	promote	VERB
fbem-13331	73	17	the	the	DET
fbem-13331	73	18	basic	basic	ADJ
fbem-13331	73	19	innovation	innovation	NOUN
fbem-13331	73	20	level	level	NOUN
fbem-13331	73	21	of	of	ADP
fbem-13331	73	22	strategic	strategic	ADJ
fbem-13331	73	23	emerging	emerge	VERB
fbem-13331	73	24	enterprises	enterprise	NOUN
fbem-13331	73	25	with	with	ADP
fbem-13331	73	26	venture	venture	NOUN
fbem-13331	73	27	capital	capital	NOUN
fbem-13331	73	28	intervention	intervention	NOUN
fbem-13331	73	29	more	more	ADV
fbem-13331	73	30	strongly	strongly	ADV
fbem-13331	73	31	.	.	PUNCT
fbem-13331	74	1	3	3	X
fbem-13331	74	2	.	.	X
fbem-13331	74	3	model	model	NOUN
fbem-13331	74	4	construction	construction	NOUN
fbem-13331	74	5	,	,	PUNCT
fbem-13331	74	6	variable	variable	ADJ
fbem-13331	74	7	selection	selection	NOUN
fbem-13331	74	8	and	and	CCONJ
fbem-13331	74	9	data	datum	NOUN
fbem-13331	74	10	sources	source	NOUN
fbem-13331	74	11	3.1	3.1	NUM
fbem-13331	74	12	.	.	PUNCT
fbem-13331	75	1	variable	variable	ADJ
fbem-13331	75	2	selection	selection	NOUN
fbem-13331	75	3	3.1.1	3.1.1	NUM
fbem-13331	75	4	.	.	PUNCT
fbem-13331	75	5	explained	explain	VERB
fbem-13331	75	6	variables	variable	NOUN
fbem-13331	75	7	fundamental	fundamental	ADJ
fbem-13331	75	8	innovation	innovation	NOUN
fbem-13331	75	9	is	be	AUX
fbem-13331	75	10	high	high	ADJ
fbem-13331	75	11	-	-	PUNCT
fbem-13331	75	12	tech	tech	NOUN
fbem-13331	75	13	,	,	PUNCT
fbem-13331	75	14	high	high	ADJ
fbem-13331	75	15	-	-	PUNCT
fbem-13331	75	16	quality	quality	NOUN
fbem-13331	75	17	,	,	PUNCT
fbem-13331	75	18	highvalue	highvalue	NOUN
fbem-13331	75	19	-	-	PUNCT
fbem-13331	75	20	added	add	VERB
fbem-13331	75	21	technological	technological	ADJ
fbem-13331	75	22	innovation	innovation	NOUN
fbem-13331	75	23	,	,	PUNCT
fbem-13331	75	24	which	which	PRON
fbem-13331	75	25	is	be	AUX
fbem-13331	75	26	the	the	DET
fbem-13331	75	27	key	key	NOUN
fbem-13331	75	28	for	for	SCONJ
fbem-13331	75	29	enterprises	enterprise	NOUN
fbem-13331	75	30	to	to	PART
fbem-13331	75	31	enhance	enhance	VERB
fbem-13331	75	32	their	their	PRON
fbem-13331	75	33	core	core	NOUN
fbem-13331	75	34	competitiveness	competitiveness	NOUN
fbem-13331	75	35	and	and	CCONJ
fbem-13331	75	36	longterm	longterm	NOUN
fbem-13331	75	37	position	position	NOUN
fbem-13331	75	38	in	in	ADP
fbem-13331	75	39	the	the	DET
fbem-13331	75	40	centre	centre	NOUN
fbem-13331	75	41	of	of	ADP
fbem-13331	75	42	industry	industry	NOUN
fbem-13331	75	43	.	.	PUNCT
fbem-13331	76	1	according	accord	VERB
fbem-13331	76	2	to	to	ADP
fbem-13331	76	3	the	the	DET
fbem-13331	76	4	patent	patent	NOUN
fbem-13331	76	5	278	278	NUM
fbem-13331	76	6	law	law	NOUN
fbem-13331	76	7	,	,	PUNCT
fbem-13331	76	8	the	the	DET
fbem-13331	76	9	application	application	NOUN
fbem-13331	76	10	and	and	CCONJ
fbem-13331	76	11	authorisation	authorisation	NOUN
fbem-13331	76	12	procedure	procedure	NOUN
fbem-13331	76	13	of	of	ADP
fbem-13331	76	14	invention	invention	NOUN
fbem-13331	76	15	patent	patent	NOUN
fbem-13331	76	16	is	be	AUX
fbem-13331	76	17	the	the	DET
fbem-13331	76	18	most	most	ADV
fbem-13331	76	19	complicated	complicated	ADJ
fbem-13331	76	20	and	and	CCONJ
fbem-13331	76	21	strict	strict	ADJ
fbem-13331	76	22	with	with	ADP
fbem-13331	76	23	the	the	DET
fbem-13331	76	24	longest	long	ADJ
fbem-13331	76	25	periodicality	periodicality	NOUN
fbem-13331	76	26	,	,	PUNCT
fbem-13331	76	27	and	and	CCONJ
fbem-13331	76	28	the	the	DET
fbem-13331	76	29	authorised	authorised	ADJ
fbem-13331	76	30	application	application	NOUN
fbem-13331	76	31	of	of	ADP
fbem-13331	76	32	invention	invention	NOUN
fbem-13331	76	33	patent	patent	NOUN
fbem-13331	76	34	is	be	AUX
fbem-13331	76	35	the	the	DET
fbem-13331	76	36	only	only	ADJ
fbem-13331	76	37	way	way	NOUN
fbem-13331	76	38	to	to	PART
fbem-13331	76	39	enhance	enhance	VERB
fbem-13331	76	40	the	the	DET
fbem-13331	76	41	competitiveness	competitiveness	NOUN
fbem-13331	76	42	of	of	ADP
fbem-13331	76	43	enterprises	enterprise	NOUN
fbem-13331	76	44	and	and	CCONJ
fbem-13331	76	45	create	create	VERB
fbem-13331	76	46	wealth	wealth	NOUN
fbem-13331	76	47	for	for	ADP
fbem-13331	76	48	them	they	PRON
fbem-13331	76	49	.	.	PUNCT
fbem-13331	77	1	therefore	therefore	ADV
fbem-13331	77	2	,	,	PUNCT
fbem-13331	77	3	it	it	PRON
fbem-13331	77	4	adopts	adopt	VERB
fbem-13331	77	5	the	the	DET
fbem-13331	77	6	number	number	NOUN
fbem-13331	77	7	of	of	ADP
fbem-13331	77	8	invention	invention	NOUN
fbem-13331	77	9	patents	patent	NOUN
fbem-13331	77	10	authorised	authorise	VERB
fbem-13331	77	11	by	by	ADP
fbem-13331	77	12	the	the	DET
fbem-13331	77	13	enterprise	enterprise	NOUN
fbem-13331	77	14	in	in	ADP
fbem-13331	77	15	the	the	DET
fbem-13331	77	16	year	year	NOUN
fbem-13331	77	17	plus	plus	CCONJ
fbem-13331	77	18	one	one	NUM
fbem-13331	77	19	to	to	PART
fbem-13331	77	20	take	take	VERB
fbem-13331	77	21	the	the	DET
fbem-13331	77	22	logarithm	logarithm	NOUN
fbem-13331	77	23	as	as	ADP
fbem-13331	77	24	the	the	DET
fbem-13331	77	25	measurement	measurement	NOUN
fbem-13331	77	26	index	index	NOUN
fbem-13331	77	27	of	of	ADP
fbem-13331	77	28	basic	basic	ADJ
fbem-13331	77	29	innovation	innovation	NOUN
fbem-13331	77	30	.	.	PUNCT
fbem-13331	78	1	3.1.2	3.1.2	X
fbem-13331	78	2	.	.	PUNCT
fbem-13331	78	3	core	core	PROPN
fbem-13331	78	4	explanatory	explanatory	ADJ
fbem-13331	78	5	variables	variable	NOUN
fbem-13331	78	6	the	the	DET
fbem-13331	78	7	core	core	NOUN
fbem-13331	78	8	problem	problem	NOUN
fbem-13331	78	9	of	of	ADP
fbem-13331	78	10	this	this	DET
fbem-13331	78	11	paper	paper	NOUN
fbem-13331	78	12	is	be	AUX
fbem-13331	78	13	to	to	PART
fbem-13331	78	14	identify	identify	VERB
fbem-13331	78	15	the	the	DET
fbem-13331	78	16	degree	degree	NOUN
fbem-13331	78	17	of	of	ADP
fbem-13331	78	18	influence	influence	NOUN
fbem-13331	78	19	of	of	ADP
fbem-13331	78	20	regional	regional	ADJ
fbem-13331	78	21	integration	integration	NOUN
fbem-13331	78	22	policy	policy	NOUN
fbem-13331	78	23	on	on	ADP
fbem-13331	78	24	the	the	DET
fbem-13331	78	25	basic	basic	ADJ
fbem-13331	78	26	innovation	innovation	NOUN
fbem-13331	78	27	of	of	ADP
fbem-13331	78	28	venture	venture	NOUN
fbem-13331	78	29	capital	capital	NOUN
fbem-13331	78	30	intervention	intervention	NOUN
fbem-13331	78	31	enterprises	enterprise	NOUN
fbem-13331	78	32	,	,	PUNCT
fbem-13331	78	33	so	so	ADV
fbem-13331	78	34	the	the	DET
fbem-13331	78	35	core	core	ADJ
fbem-13331	78	36	explanatory	explanatory	ADJ
fbem-13331	78	37	variable	variable	NOUN
fbem-13331	78	38	is	be	AUX
fbem-13331	78	39	the	the	DET
fbem-13331	78	40	integration	integration	NOUN
fbem-13331	78	41	policy	policy	NOUN
fbem-13331	78	42	dummy	dummy	ADJ
fbem-13331	78	43	variable	variable	NOUN
fbem-13331	78	44	(	(	PUNCT
fbem-13331	78	45	pol	pol	NOUN
fbem-13331	78	46	)	)	PUNCT
fbem-13331	78	47	,	,	PUNCT
fbem-13331	78	48	i.e.	i.e.	X
fbem-13331	78	49	,	,	PUNCT
fbem-13331	78	50	whether	whether	SCONJ
fbem-13331	78	51	the	the	DET
fbem-13331	78	52	vc	vc	NOUN
fbem-13331	78	53	and	and	CCONJ
fbem-13331	78	54	the	the	DET
fbem-13331	78	55	invested	invest	VERB
fbem-13331	78	56	enterprise	enterprise	NOUN
fbem-13331	78	57	are	be	AUX
fbem-13331	78	58	in	in	ADP
fbem-13331	78	59	the	the	DET
fbem-13331	78	60	same	same	ADJ
fbem-13331	78	61	regional	regional	ADJ
fbem-13331	78	62	integration	integration	NOUN
fbem-13331	78	63	planning	planning	NOUN
fbem-13331	78	64	,	,	PUNCT
fbem-13331	78	65	with	with	ADP
fbem-13331	78	66	a	a	DET
fbem-13331	78	67	twovalued	twovalue	VERB
fbem-13331	78	68	dummy	dummy	ADJ
fbem-13331	78	69	variable	variable	NOUN
fbem-13331	78	70	assignment	assignment	NOUN
fbem-13331	78	71	.	.	PUNCT
fbem-13331	79	1	if	if	SCONJ
fbem-13331	79	2	the	the	DET
fbem-13331	79	3	location	location	NOUN
fbem-13331	79	4	of	of	ADP
fbem-13331	79	5	the	the	DET
fbem-13331	79	6	vc	vc	NOUN
fbem-13331	79	7	and	and	CCONJ
fbem-13331	79	8	the	the	DET
fbem-13331	79	9	city	city	NOUN
fbem-13331	79	10	of	of	ADP
fbem-13331	79	11	the	the	DET
fbem-13331	79	12	invested	invest	VERB
fbem-13331	79	13	enterprise	enterprise	NOUN
fbem-13331	79	14	are	be	AUX
fbem-13331	79	15	in	in	ADP
fbem-13331	79	16	the	the	DET
fbem-13331	79	17	same	same	ADJ
fbem-13331	79	18	regional	regional	ADJ
fbem-13331	79	19	integration	integration	NOUN
fbem-13331	79	20	scope	scope	NOUN
fbem-13331	79	21	in	in	ADP
fbem-13331	79	22	that	that	DET
fbem-13331	79	23	year	year	NOUN
fbem-13331	79	24	,	,	PUNCT
fbem-13331	79	25	the	the	DET
fbem-13331	79	26	value	value	NOUN
fbem-13331	79	27	is	be	AUX
fbem-13331	79	28	assigned	assign	VERB
fbem-13331	79	29	as	as	ADP
fbem-13331	79	30	1	1	NUM
fbem-13331	79	31	;	;	PUNCT
fbem-13331	79	32	otherwise	otherwise	ADV
fbem-13331	79	33	,	,	PUNCT
fbem-13331	79	34	the	the	DET
fbem-13331	79	35	value	value	NOUN
fbem-13331	79	36	is	be	AUX
fbem-13331	79	37	assigned	assign	VERB
fbem-13331	79	38	as	as	ADP
fbem-13331	79	39	0	0	NUM
fbem-13331	79	40	.	.	PUNCT
fbem-13331	80	1	3.1.3	3.1.3	NUM
fbem-13331	80	2	.	.	PUNCT
fbem-13331	81	1	core	core	NOUN
fbem-13331	81	2	explanatory	explanatory	ADJ
fbem-13331	81	3	variables	variable	NOUN
fbem-13331	81	4	considering	consider	VERB
fbem-13331	81	5	that	that	SCONJ
fbem-13331	81	6	the	the	DET
fbem-13331	81	7	level	level	NOUN
fbem-13331	81	8	of	of	ADP
fbem-13331	81	9	basic	basic	ADJ
fbem-13331	81	10	innovation	innovation	NOUN
fbem-13331	81	11	of	of	ADP
fbem-13331	81	12	enterprises	enterprise	NOUN
fbem-13331	81	13	may	may	AUX
fbem-13331	81	14	also	also	ADV
fbem-13331	81	15	be	be	AUX
fbem-13331	81	16	affected	affect	VERB
fbem-13331	81	17	by	by	ADP
fbem-13331	81	18	the	the	DET
fbem-13331	81	19	enterprise	enterprise	NOUN
fbem-13331	81	20	's	's	PART
fbem-13331	81	21	own	own	ADJ
fbem-13331	81	22	factors	factor	NOUN
fbem-13331	81	23	,	,	PUNCT
fbem-13331	81	24	the	the	DET
fbem-13331	81	25	following	follow	VERB
fbem-13331	81	26	variables	variable	NOUN
fbem-13331	81	27	are	be	AUX
fbem-13331	81	28	controlled	control	VERB
fbem-13331	81	29	with	with	ADP
fbem-13331	81	30	reference	reference	NOUN
fbem-13331	81	31	to	to	ADP
fbem-13331	81	32	chen	chen	PROPN
fbem-13331	81	33	deqiu	deqiu	PROPN
fbem-13331	81	34	et	et	PROPN
fbem-13331	81	35	al	al	PROPN
fbem-13331	81	36	.	.	PROPN
fbem-13331	82	1	(	(	PUNCT
fbem-13331	82	2	2021	2021	NUM
fbem-13331	82	3	)	)	PUNCT
fbem-13331	82	4	and	and	CCONJ
fbem-13331	82	5	wen	wen	PROPN
fbem-13331	82	6	jun	jun	PROPN
fbem-13331	82	7	(	(	PUNCT
fbem-13331	82	8	2018	2018	NUM
fbem-13331	82	9	)	)	PUNCT
fbem-13331	82	10	.	.	PUNCT
fbem-13331	83	1	(	(	PUNCT
fbem-13331	83	2	1	1	X
fbem-13331	83	3	)	)	PUNCT
fbem-13331	83	4	enterprise	enterprise	NOUN
fbem-13331	83	5	size	size	NOUN
fbem-13331	83	6	(	(	PUNCT
fbem-13331	83	7	size	size	NOUN
fbem-13331	83	8	)	)	PUNCT
fbem-13331	83	9	,	,	PUNCT
fbem-13331	83	10	expressed	express	VERB
fbem-13331	83	11	by	by	ADP
fbem-13331	83	12	the	the	DET
fbem-13331	83	13	total	total	ADJ
fbem-13331	83	14	assets	asset	NOUN
fbem-13331	83	15	of	of	ADP
fbem-13331	83	16	the	the	DET
fbem-13331	83	17	enterprise	enterprise	NOUN
fbem-13331	83	18	plus	plus	CCONJ
fbem-13331	83	19	one	one	NUM
fbem-13331	83	20	to	to	PART
fbem-13331	83	21	take	take	VERB
fbem-13331	83	22	the	the	DET
fbem-13331	83	23	logarithm	logarithm	NOUN
fbem-13331	83	24	;	;	PUNCT
fbem-13331	83	25	(	(	PUNCT
fbem-13331	83	26	2	2	X
fbem-13331	83	27	)	)	PUNCT
fbem-13331	83	28	age	age	NOUN
fbem-13331	83	29	of	of	ADP
fbem-13331	83	30	the	the	DET
fbem-13331	83	31	enterprise	enterprise	NOUN
fbem-13331	83	32	(	(	PUNCT
fbem-13331	83	33	age	age	NOUN
fbem-13331	83	34	)	)	PUNCT
fbem-13331	83	35	,	,	PUNCT
fbem-13331	83	36	expressed	express	VERB
fbem-13331	83	37	by	by	ADP
fbem-13331	83	38	the	the	DET
fbem-13331	83	39	year	year	NOUN
fbem-13331	83	40	of	of	ADP
fbem-13331	83	41	the	the	DET
fbem-13331	83	42	current	current	ADJ
fbem-13331	83	43	year	year	NOUN
fbem-13331	83	44	minus	minus	CCONJ
fbem-13331	83	45	the	the	DET
fbem-13331	83	46	year	year	NOUN
fbem-13331	83	47	of	of	ADP
fbem-13331	83	48	registration	registration	NOUN
fbem-13331	83	49	of	of	ADP
fbem-13331	83	50	the	the	DET
fbem-13331	83	51	enterprise	enterprise	NOUN
fbem-13331	83	52	plus	plus	CCONJ
fbem-13331	83	53	one	one	NUM
fbem-13331	83	54	to	to	PART
fbem-13331	83	55	take	take	VERB
fbem-13331	83	56	the	the	DET
fbem-13331	83	57	logarithm	logarithm	NOUN
fbem-13331	83	58	;	;	PUNCT
fbem-13331	83	59	(	(	PUNCT
fbem-13331	83	60	3	3	X
fbem-13331	83	61	)	)	PUNCT
fbem-13331	83	62	the	the	DET
fbem-13331	83	63	nature	nature	NOUN
fbem-13331	83	64	of	of	ADP
fbem-13331	83	65	the	the	DET
fbem-13331	83	66	enterprise	enterprise	NOUN
fbem-13331	83	67	(	(	PUNCT
fbem-13331	83	68	state	state	NOUN
fbem-13331	83	69	)	)	PUNCT
fbem-13331	83	70	,	,	PUNCT
fbem-13331	83	71	whether	whether	SCONJ
fbem-13331	83	72	the	the	DET
fbem-13331	83	73	enterprise	enterprise	NOUN
fbem-13331	83	74	is	be	AUX
fbem-13331	83	75	a	a	DET
fbem-13331	83	76	state	state	NOUN
fbem-13331	83	77	-	-	PUNCT
fbem-13331	83	78	run	run	NOUN
fbem-13331	83	79	enterprise	enterprise	NOUN
fbem-13331	83	80	in	in	ADP
fbem-13331	83	81	the	the	DET
fbem-13331	83	82	current	current	ADJ
fbem-13331	83	83	year	year	NOUN
fbem-13331	83	84	,	,	PUNCT
fbem-13331	83	85	and	and	CCONJ
fbem-13331	83	86	if	if	SCONJ
fbem-13331	83	87	it	it	PRON
fbem-13331	83	88	is	be	AUX
fbem-13331	83	89	,	,	PUNCT
fbem-13331	83	90	it	it	PRON
fbem-13331	83	91	takes	take	VERB
fbem-13331	83	92	the	the	DET
fbem-13331	83	93	value	value	NOUN
fbem-13331	83	94	of	of	ADP
fbem-13331	83	95	1	1	NUM
fbem-13331	83	96	;	;	PUNCT
fbem-13331	83	97	otherwise	otherwise	ADV
fbem-13331	83	98	,	,	PUNCT
fbem-13331	83	99	it	it	PRON
fbem-13331	83	100	takes	take	VERB
fbem-13331	83	101	the	the	DET
fbem-13331	83	102	value	value	NOUN
fbem-13331	83	103	of	of	ADP
fbem-13331	83	104	0	0	NUM
fbem-13331	83	105	;	;	PUNCT
fbem-13331	83	106	(	(	PUNCT
fbem-13331	83	107	4	4	X
fbem-13331	83	108	)	)	PUNCT
fbem-13331	83	109	the	the	DET
fbem-13331	83	110	solvency	solvency	NOUN
fbem-13331	83	111	of	of	ADP
fbem-13331	83	112	the	the	DET
fbem-13331	83	113	enterprise	enterprise	NOUN
fbem-13331	83	114	is	be	AUX
fbem-13331	83	115	chosen	choose	VERB
fbem-13331	83	116	as	as	ADP
fbem-13331	83	117	the	the	DET
fbem-13331	83	118	quick	quick	ADJ
fbem-13331	83	119	ratio	ratio	NOUN
fbem-13331	83	120	(	(	PUNCT
fbem-13331	83	121	qr	qr	PROPN
fbem-13331	83	122	)	)	PUNCT
fbem-13331	83	123	,	,	PUNCT
fbem-13331	83	124	the	the	DET
fbem-13331	83	125	cash	cash	NOUN
fbem-13331	83	126	flow	flow	NOUN
fbem-13331	83	127	ratio	ratio	NOUN
fbem-13331	83	128	(	(	PUNCT
fbem-13331	83	129	cashflow	cashflow	NOUN
fbem-13331	83	130	)	)	PUNCT
fbem-13331	83	131	;	;	PUNCT
fbem-13331	83	132	(	(	PUNCT
fbem-13331	83	133	5	5	X
fbem-13331	83	134	)	)	PUNCT
fbem-13331	83	135	the	the	DET
fbem-13331	83	136	operating	operate	VERB
fbem-13331	83	137	ability	ability	NOUN
fbem-13331	83	138	of	of	ADP
fbem-13331	83	139	the	the	DET
fbem-13331	83	140	enterprise	enterprise	NOUN
fbem-13331	83	141	is	be	AUX
fbem-13331	83	142	selected	select	VERB
fbem-13331	83	143	as	as	ADP
fbem-13331	83	144	capital	capital	NOUN
fbem-13331	83	145	intensity	intensity	NOUN
fbem-13331	83	146	(	(	PUNCT
fbem-13331	83	147	cap	cap	NOUN
fbem-13331	83	148	)	)	PUNCT
fbem-13331	83	149	;	;	PUNCT
fbem-13331	83	150	(	(	PUNCT
fbem-13331	83	151	6	6	X
fbem-13331	83	152	)	)	PUNCT
fbem-13331	83	153	the	the	DET
fbem-13331	83	154	profitability	profitability	NOUN
fbem-13331	83	155	of	of	ADP
fbem-13331	83	156	the	the	DET
fbem-13331	83	157	enterprise	enterprise	NOUN
fbem-13331	83	158	is	be	AUX
fbem-13331	83	159	expressed	express	VERB
fbem-13331	83	160	by	by	ADP
fbem-13331	83	161	the	the	DET
fbem-13331	83	162	profitability	profitability	NOUN
fbem-13331	83	163	of	of	ADP
fbem-13331	83	164	total	total	ADJ
fbem-13331	83	165	assets	asset	NOUN
fbem-13331	83	166	(	(	PUNCT
fbem-13331	83	167	roa	roa	NOUN
fbem-13331	83	168	)	)	PUNCT
fbem-13331	83	169	,	,	PUNCT
fbem-13331	83	170	return	return	VERB
fbem-13331	83	171	on	on	ADP
fbem-13331	83	172	net	net	ADJ
fbem-13331	83	173	assets	asset	NOUN
fbem-13331	83	174	(	(	PUNCT
fbem-13331	83	175	roe	roe	NOUN
fbem-13331	83	176	)	)	PUNCT
fbem-13331	83	177	;	;	PUNCT
fbem-13331	83	178	(	(	PUNCT
fbem-13331	83	179	7	7	X
fbem-13331	83	180	)	)	PUNCT
fbem-13331	83	181	the	the	DET
fbem-13331	83	182	development	development	NOUN
fbem-13331	83	183	ability	ability	NOUN
fbem-13331	83	184	of	of	ADP
fbem-13331	83	185	the	the	DET
fbem-13331	83	186	enterprise	enterprise	NOUN
fbem-13331	83	187	is	be	AUX
fbem-13331	83	188	expressed	express	VERB
fbem-13331	83	189	by	by	ADP
fbem-13331	83	190	the	the	DET
fbem-13331	83	191	growth	growth	NOUN
fbem-13331	83	192	rate	rate	NOUN
fbem-13331	83	193	of	of	ADP
fbem-13331	83	194	operating	operate	VERB
fbem-13331	83	195	profit	profit	NOUN
fbem-13331	83	196	(	(	PUNCT
fbem-13331	83	197	growth	growth	NOUN
fbem-13331	83	198	)	)	PUNCT
fbem-13331	83	199	;	;	PUNCT
fbem-13331	83	200	and	and	CCONJ
fbem-13331	83	201	(	(	PUNCT
fbem-13331	83	202	8)	8)	NUM
fbem-13331	83	203	the	the	DET
fbem-13331	83	204	level	level	NOUN
fbem-13331	83	205	of	of	ADP
fbem-13331	83	206	risk	risk	NOUN
fbem-13331	83	207	of	of	ADP
fbem-13331	83	208	the	the	DET
fbem-13331	83	209	enterprise	enterprise	NOUN
fbem-13331	83	210	is	be	AUX
fbem-13331	83	211	selected	select	VERB
fbem-13331	83	212	to	to	PART
fbem-13331	83	213	be	be	AUX
fbem-13331	83	214	measured	measure	VERB
fbem-13331	83	215	by	by	ADP
fbem-13331	83	216	the	the	DET
fbem-13331	83	217	enterprise	enterprise	NOUN
fbem-13331	83	218	's	's	PART
fbem-13331	83	219	financial	financial	ADJ
fbem-13331	83	220	leverage	leverage	NOUN
fbem-13331	83	221	(	(	PUNCT
fbem-13331	83	222	lev	lev	NOUN
fbem-13331	83	223	)	)	PUNCT
fbem-13331	83	224	,	,	PUNCT
fbem-13331	83	225	the	the	DET
fbem-13331	83	226	the	the	DET
fbem-13331	83	227	description	description	NOUN
fbem-13331	83	228	of	of	ADP
fbem-13331	83	229	variables	variable	NOUN
fbem-13331	83	230	is	be	AUX
fbem-13331	83	231	shown	show	VERB
fbem-13331	83	232	in	in	ADP
fbem-13331	83	233	table	table	NOUN
fbem-13331	83	234	1	1	NUM
fbem-13331	83	235	.	.	PUNCT
fbem-13331	83	236	table	table	NOUN
fbem-13331	83	237	1	1	NUM
fbem-13331	83	238	.	.	PUNCT
fbem-13331	84	1	description	description	NOUN
fbem-13331	84	2	of	of	ADP
fbem-13331	84	3	major	major	ADJ
fbem-13331	84	4	variables	variable	NOUN
fbem-13331	84	5	variable	variable	ADJ
fbem-13331	84	6	types	type	NOUN
fbem-13331	84	7	variable	variable	ADJ
fbem-13331	84	8	symbols	symbol	NOUN
fbem-13331	84	9	definition	definition	NOUN
fbem-13331	84	10	explained	explain	VERB
fbem-13331	84	11	variable	variable	ADJ
fbem-13331	84	12	basic	basic	ADJ
fbem-13331	84	13	innovation	innovation	NOUN
fbem-13331	84	14	bas_innov	bas_innov	ADP
fbem-13331	84	15	log(the	log(the	ADV
fbem-13331	84	16	invention	invention	NOUN
fbem-13331	84	17	patent	patent	NOUN
fbem-13331	84	18	of	of	ADP
fbem-13331	84	19	the	the	DET
fbem-13331	84	20	enterprise+1	enterprise+1	NOUN
fbem-13331	84	21	)	)	PUNCT
fbem-13331	84	22	explanatory	explanatory	ADJ
fbem-13331	84	23	variable	variable	ADJ
fbem-13331	84	24	dummy	dummy	ADJ
fbem-13331	84	25	variable	variable	ADJ
fbem-13331	84	26	pol	pol	NOUN
fbem-13331	84	27	whether	whether	SCONJ
fbem-13331	84	28	vc	vc	PROPN
fbem-13331	84	29	and	and	CCONJ
fbem-13331	84	30	the	the	DET
fbem-13331	84	31	invested	invest	VERB
fbem-13331	84	32	enterprise	enterprise	NOUN
fbem-13331	84	33	were	be	AUX
fbem-13331	84	34	in	in	ADP
fbem-13331	84	35	the	the	DET
fbem-13331	84	36	planning	planning	NOUN
fbem-13331	84	37	scope	scope	NOUN
fbem-13331	84	38	of	of	ADP
fbem-13331	84	39	the	the	DET
fbem-13331	84	40	yangtze	yangtze	PROPN
fbem-13331	84	41	river	river	PROPN
fbem-13331	84	42	delta	delta	PROPN
fbem-13331	84	43	urban	urban	ADJ
fbem-13331	84	44	agglomeration	agglomeration	NOUN
fbem-13331	84	45	at	at	ADP
fbem-13331	84	46	the	the	DET
fbem-13331	84	47	same	same	ADJ
fbem-13331	84	48	time	time	NOUN
fbem-13331	84	49	control	control	NOUN
fbem-13331	84	50	variable	variable	ADJ
fbem-13331	84	51	quick	quick	ADJ
fbem-13331	84	52	ratio	ratio	NOUN
fbem-13331	84	53	qr	qr	NOUN
fbem-13331	84	54	(	(	PUNCT
fbem-13331	84	55	current	current	ADJ
fbem-13331	84	56	assets	asset	NOUN
fbem-13331	84	57	inventory)/	inventory)/	VERB
fbem-13331	84	58	current	current	ADJ
fbem-13331	84	59	liabilities	liability	NOUN
fbem-13331	84	60	financial	financial	ADJ
fbem-13331	84	61	leverage	leverage	NOUN
fbem-13331	84	62	ratio	ratio	NOUN
fbem-13331	84	63	lev	lev	NOUN
fbem-13331	84	64	(	(	PUNCT
fbem-13331	84	65	net	net	ADJ
fbem-13331	84	66	profit	profit	NOUN
fbem-13331	84	67	+	+	CCONJ
fbem-13331	84	68	income	income	NOUN
fbem-13331	84	69	tax	tax	NOUN
fbem-13331	84	70	expense	expense	NOUN
fbem-13331	84	71	+	+	CCONJ
fbem-13331	84	72	finance	finance	NOUN
fbem-13331	84	73	expense)/(net	expense)/(net	NOUN
fbem-13331	84	74	profit	profit	NOUN
fbem-13331	84	75	+	+	CCONJ
fbem-13331	84	76	income	income	NOUN
fbem-13331	84	77	tax	tax	NOUN
fbem-13331	84	78	expense	expense	NOUN
fbem-13331	84	79	)	)	PUNCT
fbem-13331	84	80	return	return	NOUN
fbem-13331	84	81	on	on	ADP
fbem-13331	84	82	total	total	ADJ
fbem-13331	84	83	assets	asset	NOUN
fbem-13331	84	84	roa	roa	PROPN
fbem-13331	84	85	net	net	ADJ
fbem-13331	84	86	profit	profit	NOUN
fbem-13331	84	87	/	/	SYM
fbem-13331	84	88	average	average	ADJ
fbem-13331	84	89	balance	balance	NOUN
fbem-13331	84	90	of	of	ADP
fbem-13331	84	91	total	total	ADJ
fbem-13331	84	92	assets	asset	NOUN
fbem-13331	84	93	operating	operate	VERB
fbem-13331	84	94	profit	profit	NOUN
fbem-13331	84	95	growth	growth	NOUN
fbem-13331	84	96	rate	rate	NOUN
fbem-13331	84	97	growth	growth	NOUN
fbem-13331	84	98	(	(	PUNCT
fbem-13331	84	99	amount	amount	NOUN
fbem-13331	84	100	of	of	ADP
fbem-13331	84	101	operating	operate	VERB
fbem-13331	84	102	profit	profit	NOUN
fbem-13331	84	103	for	for	ADP
fbem-13331	84	104	the	the	DET
fbem-13331	84	105	current	current	ADJ
fbem-13331	84	106	period	period	NOUN
fbem-13331	84	107	of	of	ADP
fbem-13331	84	108	the	the	DET
fbem-13331	84	109	year	year	NOUN
fbem-13331	84	110	balance	balance	NOUN
fbem-13331	84	111	of	of	ADP
fbem-13331	84	112	operating	operate	VERB
fbem-13331	84	113	profit	profit	NOUN
fbem-13331	84	114	for	for	ADP
fbem-13331	84	115	the	the	DET
fbem-13331	84	116	same	same	ADJ
fbem-13331	84	117	period	period	NOUN
fbem-13331	84	118	of	of	ADP
fbem-13331	84	119	last	last	ADJ
fbem-13331	84	120	year)/	year)/	NOUN
fbem-13331	84	121	amount	amount	NOUN
fbem-13331	84	122	of	of	ADP
fbem-13331	84	123	operating	operate	VERB
fbem-13331	84	124	profit	profit	NOUN
fbem-13331	84	125	for	for	ADP
fbem-13331	84	126	the	the	DET
fbem-13331	84	127	same	same	ADJ
fbem-13331	84	128	period	period	NOUN
fbem-13331	84	129	of	of	ADP
fbem-13331	84	130	last	last	ADJ
fbem-13331	84	131	year	year	NOUN
fbem-13331	84	132	nature	nature	NOUN
fbem-13331	84	133	of	of	ADP
fbem-13331	84	134	enterprise	enterprise	NOUN
fbem-13331	84	135	state	state	NOUN
fbem-13331	84	136	whether	whether	SCONJ
fbem-13331	84	137	the	the	DET
fbem-13331	84	138	enterprise	enterprise	NOUN
fbem-13331	84	139	is	be	AUX
fbem-13331	84	140	a	a	DET
fbem-13331	84	141	state	state	NOUN
fbem-13331	84	142	-	-	PUNCT
fbem-13331	84	143	owned	own	VERB
fbem-13331	84	144	enterprise	enterprise	NOUN
fbem-13331	84	145	?	?	PUNCT
fbem-13331	85	1	if	if	SCONJ
fbem-13331	85	2	yes	yes	INTJ
fbem-13331	85	3	,	,	PUNCT
fbem-13331	85	4	the	the	DET
fbem-13331	85	5	value	value	NOUN
fbem-13331	85	6	is	be	AUX
fbem-13331	85	7	1	1	NUM
fbem-13331	85	8	;	;	PUNCT
fbem-13331	85	9	otherwise	otherwise	ADV
fbem-13331	85	10	,	,	PUNCT
fbem-13331	85	11	it	it	PRON
fbem-13331	85	12	is	be	AUX
fbem-13331	85	13	0	0	NUM
fbem-13331	85	14	enterprise	enterprise	NOUN
fbem-13331	85	15	scale	scale	NOUN
fbem-13331	85	16	size	size	NOUN
fbem-13331	85	17	log	log	NOUN
fbem-13331	85	18	(	(	PUNCT
fbem-13331	85	19	total	total	ADJ
fbem-13331	85	20	enterprise	enterprise	NOUN
fbem-13331	85	21	assets	asset	NOUN
fbem-13331	85	22	)	)	PUNCT
fbem-13331	85	23	enterprise	enterprise	NOUN
fbem-13331	85	24	age	age	NOUN
fbem-13331	85	25	age	age	NOUN
fbem-13331	85	26	log(year	log(year	INTJ
fbem-13331	85	27	of	of	ADP
fbem-13331	85	28	the	the	DET
fbem-13331	85	29	year	year	NOUN
fbem-13331	85	30	year	year	NOUN
fbem-13331	85	31	of	of	ADP
fbem-13331	85	32	registration	registration	NOUN
fbem-13331	85	33	+1	+1	NOUN
fbem-13331	85	34	)	)	PUNCT
fbem-13331	85	35	cash	cash	NOUN
fbem-13331	85	36	flow	flow	NOUN
fbem-13331	85	37	ratio	ratio	NOUN
fbem-13331	85	38	cashflow	cashflow	ADJ
fbem-13331	85	39	operating	operate	VERB
fbem-13331	85	40	cash	cash	NOUN
fbem-13331	85	41	flow	flow	NOUN
fbem-13331	85	42	/	/	SYM
fbem-13331	85	43	current	current	ADJ
fbem-13331	85	44	liabilities	liability	NOUN
fbem-13331	85	45	return	return	VERB
fbem-13331	85	46	on	on	ADP
fbem-13331	85	47	equity	equity	NOUN
fbem-13331	85	48	roe	roe	PROPN
fbem-13331	85	49	net	net	ADJ
fbem-13331	85	50	profit	profit	NOUN
fbem-13331	85	51	/	/	SYM
fbem-13331	85	52	average	average	ADJ
fbem-13331	85	53	balance	balance	NOUN
fbem-13331	85	54	of	of	ADP
fbem-13331	85	55	shareholders	shareholder	NOUN
fbem-13331	85	56	'	'	PART
fbem-13331	85	57	equity	equity	NOUN
fbem-13331	85	58	capital	capital	NOUN
fbem-13331	85	59	intensity	intensity	NOUN
fbem-13331	85	60	cap	cap	VERB
fbem-13331	85	61	total	total	ADJ
fbem-13331	85	62	assets	asset	NOUN
fbem-13331	85	63	/	/	SYM
fbem-13331	85	64	operating	operate	VERB
fbem-13331	85	65	income	income	NOUN
fbem-13331	85	66	3.2	3.2	NUM
fbem-13331	85	67	.	.	PUNCT
fbem-13331	86	1	model	model	NOUN
fbem-13331	86	2	construction	construction	NOUN
fbem-13331	86	3	in	in	ADP
fbem-13331	86	4	2018	2018	NUM
fbem-13331	86	5	,	,	PUNCT
fbem-13331	86	6	president	president	NOUN
fbem-13331	86	7	xi	xi	PROPN
fbem-13331	87	1	jinping	jinpe	VERB
fbem-13331	87	2	announced	announce	VERB
fbem-13331	87	3	that	that	SCONJ
fbem-13331	87	4	the	the	DET
fbem-13331	87	5	integrated	integrate	VERB
fbem-13331	87	6	development	development	NOUN
fbem-13331	87	7	of	of	ADP
fbem-13331	87	8	the	the	DET
fbem-13331	87	9	yangtze	yangtze	PROPN
fbem-13331	87	10	river	river	PROPN
fbem-13331	87	11	delta	delta	PROPN
fbem-13331	87	12	region	region	NOUN
fbem-13331	87	13	has	have	AUX
fbem-13331	87	14	been	be	AUX
fbem-13331	87	15	upgraded	upgrade	VERB
fbem-13331	87	16	to	to	ADP
fbem-13331	87	17	a	a	DET
fbem-13331	87	18	national	national	ADJ
fbem-13331	87	19	strategy	strategy	NOUN
fbem-13331	87	20	,	,	PUNCT
fbem-13331	87	21	and	and	CCONJ
fbem-13331	87	22	so	so	ADV
fbem-13331	87	23	far	far	ADV
fbem-13331	87	24	the	the	DET
fbem-13331	87	25	yangtze	yangtze	PROPN
fbem-13331	87	26	river	river	PROPN
fbem-13331	87	27	delta	delta	PROPN
fbem-13331	87	28	region	region	NOUN
fbem-13331	87	29	has	have	AUX
fbem-13331	87	30	developed	develop	VERB
fbem-13331	87	31	into	into	ADP
fbem-13331	87	32	a	a	DET
fbem-13331	87	33	national	national	ADJ
fbem-13331	87	34	-	-	PUNCT
fbem-13331	87	35	level	level	NOUN
fbem-13331	87	36	regional	regional	ADJ
fbem-13331	87	37	pole	pole	NOUN
fbem-13331	87	38	of	of	ADP
fbem-13331	87	39	increase	increase	NOUN
fbem-13331	87	40	and	and	CCONJ
fbem-13331	87	41	become	become	VERB
fbem-13331	87	42	one	one	NUM
fbem-13331	87	43	of	of	ADP
fbem-13331	87	44	the	the	DET
fbem-13331	87	45	largest	large	ADJ
fbem-13331	87	46	and	and	CCONJ
fbem-13331	87	47	most	most	ADV
fbem-13331	87	48	economically	economically	ADV
fbem-13331	87	49	active	active	ADJ
fbem-13331	87	50	city	city	NOUN
fbem-13331	87	51	clusters	cluster	NOUN
fbem-13331	87	52	.	.	PUNCT
fbem-13331	88	1	therefore	therefore	ADV
fbem-13331	88	2	,	,	PUNCT
fbem-13331	88	3	taking	take	VERB
fbem-13331	88	4	the	the	DET
fbem-13331	88	5	yangtze	yangtze	PROPN
fbem-13331	88	6	river	river	PROPN
fbem-13331	88	7	delta	delta	PROPN
fbem-13331	88	8	urban	urban	ADJ
fbem-13331	88	9	agglomeration	agglomeration	NOUN
fbem-13331	88	10	as	as	ADP
fbem-13331	88	11	an	an	DET
fbem-13331	88	12	example	example	NOUN
fbem-13331	88	13	,	,	PUNCT
fbem-13331	88	14	we	we	PRON
fbem-13331	88	15	study	study	VERB
fbem-13331	88	16	how	how	SCONJ
fbem-13331	88	17	regional	regional	ADJ
fbem-13331	88	18	integration	integration	NOUN
fbem-13331	88	19	affects	affect	VERB
fbem-13331	88	20	the	the	DET
fbem-13331	88	21	promotion	promotion	NOUN
fbem-13331	88	22	of	of	ADP
fbem-13331	88	23	vc	vc	PROPN
fbem-13331	88	24	on	on	ADP
fbem-13331	88	25	enterprise	enterprise	NOUN
fbem-13331	88	26	technological	technological	ADJ
fbem-13331	88	27	innovation	innovation	NOUN
fbem-13331	88	28	.	.	PUNCT
fbem-13331	89	1	in	in	ADP
fbem-13331	89	2	the	the	DET
fbem-13331	89	3	process	process	NOUN
fbem-13331	89	4	of	of	ADP
fbem-13331	89	5	yrd	yrd	NOUN
fbem-13331	89	6	integration	integration	NOUN
fbem-13331	89	7	and	and	CCONJ
fbem-13331	89	8	development	development	NOUN
fbem-13331	89	9	,	,	PUNCT
fbem-13331	89	10	the	the	DET
fbem-13331	89	11	ecc	ecc	PROPN
fbem-13331	89	12	,	,	PUNCT
fbem-13331	89	13	as	as	ADP
fbem-13331	89	14	an	an	DET
fbem-13331	89	15	important	important	ADJ
fbem-13331	89	16	regional	regional	ADJ
fbem-13331	89	17	coordination	coordination	NOUN
fbem-13331	89	18	and	and	CCONJ
fbem-13331	89	19	deliberation	deliberation	NOUN
fbem-13331	89	20	platform	platform	NOUN
fbem-13331	89	21	,	,	PUNCT
fbem-13331	89	22	plays	play	VERB
fbem-13331	89	23	a	a	DET
fbem-13331	89	24	pivotal	pivotal	ADJ
fbem-13331	89	25	role	role	NOUN
fbem-13331	89	26	in	in	ADP
fbem-13331	89	27	its	its	PRON
fbem-13331	89	28	economic	economic	ADJ
fbem-13331	89	29	and	and	CCONJ
fbem-13331	89	30	social	social	ADJ
fbem-13331	89	31	development	development	NOUN
fbem-13331	89	32	,	,	PUNCT
fbem-13331	89	33	therefore	therefore	ADV
fbem-13331	89	34	,	,	PUNCT
fbem-13331	89	35	in	in	ADP
fbem-13331	89	36	the	the	DET
fbem-13331	89	37	research	research	NOUN
fbem-13331	89	38	design	design	NOUN
fbem-13331	89	39	,	,	PUNCT
fbem-13331	89	40	the	the	DET
fbem-13331	89	41	event	event	NOUN
fbem-13331	89	42	of	of	ADP
fbem-13331	89	43	the	the	DET
fbem-13331	89	44	establishment	establishment	NOUN
fbem-13331	89	45	and	and	CCONJ
fbem-13331	89	46	expansion	expansion	NOUN
fbem-13331	89	47	of	of	ADP
fbem-13331	89	48	the	the	DET
fbem-13331	89	49	yrd	yrd	NOUN
fbem-13331	89	50	cities	city	NOUN
fbem-13331	89	51	'	'	PART
fbem-13331	89	52	ecc	ecc	PROPN
fbem-13331	89	53	is	be	AUX
fbem-13331	89	54	taken	take	VERB
fbem-13331	89	55	as	as	ADP
fbem-13331	89	56	the	the	DET
fbem-13331	89	57	policy	policy	NOUN
fbem-13331	89	58	point	point	NOUN
fbem-13331	89	59	in	in	ADP
fbem-13331	89	60	time	time	NOUN
fbem-13331	89	61	.	.	PUNCT
fbem-13331	90	1	among	among	ADP
fbem-13331	90	2	the	the	DET
fbem-13331	90	3	methods	method	NOUN
fbem-13331	90	4	for	for	ADP
fbem-13331	90	5	assessing	assess	VERB
fbem-13331	90	6	policy	policy	NOUN
fbem-13331	90	7	effects	effect	NOUN
fbem-13331	90	8	,	,	PUNCT
fbem-13331	90	9	the	the	DET
fbem-13331	90	10	double	double	ADJ
fbem-13331	90	11	-	-	PUNCT
fbem-13331	90	12	difference	difference	NOUN
fbem-13331	90	13	method	method	NOUN
fbem-13331	90	14	(	(	PUNCT
fbem-13331	90	15	did	do	AUX
fbem-13331	90	16	)	)	PUNCT
fbem-13331	90	17	is	be	AUX
fbem-13331	90	18	one	one	NUM
fbem-13331	90	19	of	of	ADP
fbem-13331	90	20	the	the	DET
fbem-13331	90	21	most	most	ADV
fbem-13331	90	22	widely	widely	ADV
fbem-13331	90	23	used	use	VERB
fbem-13331	90	24	measurement	measurement	NOUN
fbem-13331	90	25	methods	method	NOUN
fbem-13331	90	26	,	,	PUNCT
fbem-13331	90	27	whose	whose	DET
fbem-13331	90	28	basic	basic	ADJ
fbem-13331	90	29	idea	idea	NOUN
fbem-13331	90	30	is	be	AUX
fbem-13331	90	31	to	to	PART
fbem-13331	90	32	regard	regard	VERB
fbem-13331	90	33	institutional	institutional	ADJ
fbem-13331	90	34	change	change	NOUN
fbem-13331	90	35	and	and	CCONJ
fbem-13331	90	36	new	new	ADJ
fbem-13331	90	37	policy	policy	NOUN
fbem-13331	90	38	implementation	implementation	NOUN
fbem-13331	90	39	as	as	ADP
fbem-13331	90	40	a	a	DET
fbem-13331	90	41	"	"	PUNCT
fbem-13331	90	42	natural	natural	ADJ
fbem-13331	90	43	experiment	experiment	NOUN
fbem-13331	90	44	"	"	PUNCT
fbem-13331	90	45	external	external	ADJ
fbem-13331	90	46	to	to	ADP
fbem-13331	90	47	the	the	DET
fbem-13331	90	48	economic	economic	ADJ
fbem-13331	90	49	system	system	NOUN
fbem-13331	90	50	,	,	PUNCT
fbem-13331	90	51	and	and	CCONJ
fbem-13331	90	52	to	to	PART
fbem-13331	90	53	assess	assess	VERB
fbem-13331	90	54	the	the	DET
fbem-13331	90	55	corresponding	corresponding	ADJ
fbem-13331	90	56	policy	policy	NOUN
fbem-13331	90	57	effects	effect	NOUN
fbem-13331	90	58	.	.	PUNCT
fbem-13331	91	1	the	the	DET
fbem-13331	91	2	integration	integration	NOUN
fbem-13331	91	3	process	process	NOUN
fbem-13331	91	4	of	of	ADP
fbem-13331	91	5	the	the	DET
fbem-13331	91	6	yangtze	yangtze	PROPN
fbem-13331	91	7	river	river	PROPN
fbem-13331	91	8	delta	delta	NOUN
fbem-13331	91	9	can	can	AUX
fbem-13331	91	10	be	be	AUX
fbem-13331	91	11	regarded	regard	VERB
fbem-13331	91	12	as	as	ADP
fbem-13331	91	13	a	a	DET
fbem-13331	91	14	"	"	PUNCT
fbem-13331	91	15	quasi	quasi	ADJ
fbem-13331	91	16	-	-	ADJ
fbem-13331	91	17	natural	natural	ADJ
fbem-13331	91	18	experiment	experiment	NOUN
fbem-13331	91	19	"	"	PUNCT
fbem-13331	91	20	.	.	PUNCT
fbem-13331	92	1	considering	consider	VERB
fbem-13331	92	2	the	the	DET
fbem-13331	92	3	multiple	multiple	ADJ
fbem-13331	92	4	expansion	expansion	NOUN
fbem-13331	92	5	events	event	NOUN
fbem-13331	92	6	,	,	PUNCT
fbem-13331	92	7	a	a	DET
fbem-13331	92	8	model	model	NOUN
fbem-13331	92	9	(	(	PUNCT
fbem-13331	92	10	1	1	NUM
fbem-13331	92	11	)	)	PUNCT
fbem-13331	92	12	is	be	AUX
fbem-13331	92	13	constructed	construct	VERB
fbem-13331	92	14	by	by	ADP
fbem-13331	92	15	using	use	VERB
fbem-13331	92	16	the	the	DET
fbem-13331	92	17	multi	multi	ADJ
fbem-13331	92	18	-	-	ADJ
fbem-13331	92	19	period	period	ADJ
fbem-13331	92	20	double	double	ADJ
fbem-13331	92	21	-	-	PUNCT
fbem-13331	92	22	difference	difference	NOUN
fbem-13331	92	23	method	method	NOUN
fbem-13331	92	24	to	to	PART
fbem-13331	92	25	measure	measure	VERB
fbem-13331	92	26	the	the	DET
fbem-13331	92	27	extent	extent	NOUN
fbem-13331	92	28	to	to	PART
fbem-13331	92	29	which	which	PRON
fbem-13331	92	30	the	the	DET
fbem-13331	92	31	regional	regional	ADJ
fbem-13331	92	32	integration	integration	NOUN
fbem-13331	92	33	policy	policy	NOUN
fbem-13331	92	34	affects	affect	VERB
fbem-13331	92	35	the	the	DET
fbem-13331	92	36	promotion	promotion	NOUN
fbem-13331	92	37	of	of	ADP
fbem-13331	92	38	two	two	NUM
fbem-13331	92	39	types	type	NOUN
fbem-13331	92	40	of	of	ADP
fbem-13331	92	41	innovations	innovation	NOUN
fbem-13331	92	42	by	by	ADP
fbem-13331	92	43	venture	venture	NOUN
fbem-13331	92	44	capital	capital	NOUN
fbem-13331	92	45	.	.	PUNCT
fbem-13331	93	1	,	,	PUNCT
fbem-13331	93	2	0	0	NUM
fbem-13331	93	3	1	1	NUM
fbem-13331	93	4	,	,	PUNCT
fbem-13331	93	5	,	,	PUNCT
fbem-13331	93	6	,	,	PUNCT
fbem-13331	94	1	r	r	NOUN
fbem-13331	94	2	,	,	PUNCT
fbem-13331	94	3	_	_	PROPN
fbem-13331	94	4	bas	bas	PROPN
fbem-13331	94	5	inno	inno	PROPN
fbem-13331	94	6	regioni	regioni	PROPN
fbem-13331	94	7	t	t	PROPN
fbem-13331	95	1	i	i	PRON
fbem-13331	95	2	t	t	PROPN
fbem-13331	96	1	k	k	NOUN
fbem-13331	97	1	i	i	PRON
fbem-13331	97	2	t	t	X
fbem-13331	98	1	k	k	NOUN
fbem-13331	99	1	i	i	PRON
fbem-13331	99	2	t	t	PROPN
fbem-13331	100	1	j	j	PROPN
fbem-13331	101	1	i	i	PRON
fbem-13331	101	2	t	t	PROPN
fbem-13331	101	3	k	k	PROPN
fbem-13331	101	4	v	v	PROPN
fbem-13331	101	5	pol	pol	PROPN
fbem-13331	101	6	control	control	PROPN
fbem-13331	101	7	code	code	PROPN
fbem-13331	101	8	year	year	NOUN
fbem-13331	101	9	industry	industry	NOUN
fbem-13331	101	10			NOUN
fbem-13331	101	11			PROPN
fbem-13331	101	12			PROPN
fbem-13331	101	13			ADV
fbem-13331	101	14			VERB
fbem-13331	101	15			PROPN
fbem-13331	101	16			PROPN
fbem-13331	101	17			PUNCT
fbem-13331	101	18			PUNCT
fbem-13331	101	19			PROPN
fbem-13331	101	20	(	(	PUNCT
fbem-13331	101	21	model	model	NOUN
fbem-13331	101	22	1	1	NUM
fbem-13331	101	23	)	)	PUNCT
fbem-13331	101	24	279	279	NUM
fbem-13331	101	25	where	where	SCONJ
fbem-13331	101	26	,	,	PUNCT
fbem-13331	101	27	denotes	denote	VERB
fbem-13331	101	28	the	the	DET
fbem-13331	101	29	level	level	NOUN
fbem-13331	101	30	of	of	ADP
fbem-13331	101	31	basic	basic	ADJ
fbem-13331	101	32	innovation	innovation	NOUN
fbem-13331	101	33	development	development	NOUN
fbem-13331	101	34	of	of	ADP
fbem-13331	101	35	the	the	DET
fbem-13331	101	36	ith	ith	PROPN
fbem-13331	101	37	enterprise	enterprise	NOUN
fbem-13331	101	38	in	in	ADP
fbem-13331	101	39	year	year	NOUN
fbem-13331	101	40	t	t	PROPN
fbem-13331	101	41	;	;	PUNCT
fbem-13331	101	42	denotes	denote	VERB
fbem-13331	101	43	whether	whether	SCONJ
fbem-13331	101	44	the	the	DET
fbem-13331	101	45	vc	vc	NOUN
fbem-13331	101	46	and	and	CCONJ
fbem-13331	101	47	the	the	DET
fbem-13331	101	48	enterprise	enterprise	NOUN
fbem-13331	101	49	are	be	AUX
fbem-13331	101	50	in	in	ADP
fbem-13331	101	51	the	the	DET
fbem-13331	101	52	same	same	ADJ
fbem-13331	101	53	yangtze	yangtze	PROPN
fbem-13331	101	54	river	river	PROPN
fbem-13331	101	55	delta	delta	NOUN
fbem-13331	101	56	integration	integration	NOUN
fbem-13331	101	57	plan	plan	NOUN
fbem-13331	101	58	in	in	ADP
fbem-13331	101	59	that	that	DET
fbem-13331	101	60	year	year	NOUN
fbem-13331	101	61	;	;	PUNCT
fbem-13331	101	62	denotes	denote	VERB
fbem-13331	101	63	the	the	DET
fbem-13331	101	64	intrinsic	intrinsic	ADJ
fbem-13331	101	65	characteristics	characteristic	NOUN
fbem-13331	101	66	of	of	ADP
fbem-13331	101	67	the	the	DET
fbem-13331	101	68	enterprise	enterprise	NOUN
fbem-13331	101	69	that	that	PRON
fbem-13331	101	70	affect	affect	VERB
fbem-13331	101	71	technological	technological	ADJ
fbem-13331	101	72	innovation	innovation	NOUN
fbem-13331	101	73	;	;	PUNCT
fbem-13331	101	74	,	,	PUNCT
fbem-13331	101	75	,	,	PUNCT
fbem-13331	101	76	denotes	denote	NOUN
fbem-13331	101	77	individual	individual	ADJ
fbem-13331	101	78	,	,	PUNCT
fbem-13331	101	79	year	year	NOUN
fbem-13331	101	80	,	,	PUNCT
fbem-13331	101	81	city	city	NOUN
fbem-13331	101	82	,	,	PUNCT
fbem-13331	101	83	and	and	CCONJ
fbem-13331	101	84	industry	industry	NOUN
fbem-13331	101	85	fixed	fix	VERB
fbem-13331	101	86	effects	effect	NOUN
fbem-13331	101	87	,	,	PUNCT
fbem-13331	101	88	respectively	respectively	ADV
fbem-13331	101	89	;	;	PUNCT
fbem-13331	101	90	and	and	CCONJ
fbem-13331	101	91	denotes	denote	VERB
fbem-13331	101	92	other	other	ADJ
fbem-13331	101	93	error	error	NOUN
fbem-13331	101	94	terms	term	NOUN
fbem-13331	101	95	.	.	PUNCT
fbem-13331	102	1	3.3	3.3	NUM
fbem-13331	102	2	.	.	PUNCT
fbem-13331	103	1	sample	sample	NOUN
fbem-13331	103	2	selection	selection	NOUN
fbem-13331	103	3	and	and	CCONJ
fbem-13331	103	4	data	datum	NOUN
fbem-13331	103	5	sources	source	NOUN
fbem-13331	103	6	sample	sample	NOUN
fbem-13331	103	7	processing	processing	NOUN
fbem-13331	103	8	is	be	AUX
fbem-13331	103	9	mainly	mainly	ADV
fbem-13331	103	10	divided	divide	VERB
fbem-13331	103	11	into	into	ADP
fbem-13331	103	12	the	the	DET
fbem-13331	103	13	following	follow	VERB
fbem-13331	103	14	steps	step	NOUN
fbem-13331	103	15	:	:	PUNCT
fbem-13331	103	16	first	first	ADV
fbem-13331	103	17	of	of	ADP
fbem-13331	103	18	all	all	PRON
fbem-13331	103	19	,	,	PUNCT
fbem-13331	103	20	since	since	SCONJ
fbem-13331	103	21	the	the	DET
fbem-13331	103	22	domestic	domestic	ADJ
fbem-13331	103	23	vc	vc	NOUN
fbem-13331	103	24	and	and	CCONJ
fbem-13331	103	25	pe	pe	PROPN
fbem-13331	103	26	are	be	AUX
fbem-13331	103	27	not	not	PART
fbem-13331	103	28	specifically	specifically	ADV
fbem-13331	103	29	distinguished	distinguish	VERB
fbem-13331	103	30	,	,	PUNCT
fbem-13331	103	31	the	the	DET
fbem-13331	103	32	nature	nature	NOUN
fbem-13331	103	33	of	of	ADP
fbem-13331	103	34	the	the	DET
fbem-13331	103	35	investment	investment	NOUN
fbem-13331	103	36	institution	institution	NOUN
fbem-13331	103	37	is	be	AUX
fbem-13331	103	38	set	set	VERB
fbem-13331	103	39	as	as	ADP
fbem-13331	103	40	vc	vc	PROPN
fbem-13331	103	41	,	,	PUNCT
fbem-13331	103	42	pe	pe	X
fbem-13331	103	43	;	;	PUNCT
fbem-13331	103	44	in	in	ADP
fbem-13331	103	45	the	the	DET
fbem-13331	103	46	choice	choice	NOUN
fbem-13331	103	47	of	of	ADP
fbem-13331	103	48	region	region	NOUN
fbem-13331	103	49	,	,	PUNCT
fbem-13331	103	50	since	since	SCONJ
fbem-13331	103	51	the	the	DET
fbem-13331	103	52	venture	venture	NOUN
fbem-13331	103	53	capital	capital	NOUN
fbem-13331	103	54	events	event	NOUN
fbem-13331	103	55	are	be	AUX
fbem-13331	103	56	mostly	mostly	ADV
fbem-13331	103	57	gathered	gather	VERB
fbem-13331	103	58	in	in	ADP
fbem-13331	103	59	the	the	DET
fbem-13331	103	60	central	central	ADJ
fbem-13331	103	61	and	and	CCONJ
fbem-13331	103	62	eastern	eastern	ADJ
fbem-13331	103	63	regions	region	NOUN
fbem-13331	103	64	,	,	PUNCT
fbem-13331	103	65	this	this	DET
fbem-13331	103	66	paper	paper	NOUN
fbem-13331	103	67	chooses	choose	VERB
fbem-13331	103	68	the	the	DET
fbem-13331	103	69	east	east	PROPN
fbem-13331	103	70	china	china	PROPN
fbem-13331	103	71	and	and	CCONJ
fbem-13331	103	72	central	central	PROPN
fbem-13331	103	73	china	china	PROPN
fbem-13331	103	74	(	(	PUNCT
fbem-13331	103	75	including	include	VERB
fbem-13331	103	76	shandong	shandong	PROPN
fbem-13331	103	77	province	province	PROPN
fbem-13331	103	78	,	,	PUNCT
fbem-13331	103	79	henan	henan	PROPN
fbem-13331	103	80	province	province	PROPN
fbem-13331	103	81	,	,	PUNCT
fbem-13331	103	82	hubei	hubei	PROPN
fbem-13331	103	83	province	province	PROPN
fbem-13331	103	84	,	,	PUNCT
fbem-13331	103	85	hunan	hunan	PROPN
fbem-13331	103	86	province	province	PROPN
fbem-13331	103	87	,	,	PUNCT
fbem-13331	103	88	jiangxi	jiangxi	PROPN
fbem-13331	103	89	province	province	PROPN
fbem-13331	103	90	,	,	PUNCT
fbem-13331	103	91	fujian	fujian	PROPN
fbem-13331	103	92	province	province	PROPN
fbem-13331	103	93	,	,	PUNCT
fbem-13331	103	94	shanghai	shanghai	PROPN
fbem-13331	103	95	municipality	municipality	PROPN
fbem-13331	103	96	,	,	PUNCT
fbem-13331	103	97	anhui	anhui	PROPN
fbem-13331	103	98	province	province	PROPN
fbem-13331	103	99	,	,	PUNCT
fbem-13331	103	100	jiangsu	jiangsu	PROPN
fbem-13331	103	101	province	province	PROPN
fbem-13331	103	102	,	,	PUNCT
fbem-13331	103	103	zhejiang	zhejiang	PROPN
fbem-13331	103	104	province	province	PROPN
fbem-13331	103	105	,	,	PUNCT
fbem-13331	103	106	ten	ten	NUM
fbem-13331	103	107	provinces	province	NOUN
fbem-13331	103	108	)	)	PUNCT
fbem-13331	103	109	investment	investment	NOUN
fbem-13331	103	110	events	event	NOUN
fbem-13331	103	111	as	as	ADP
fbem-13331	103	112	the	the	DET
fbem-13331	103	113	research	research	NOUN
fbem-13331	103	114	object	object	NOUN
fbem-13331	103	115	;	;	PUNCT
fbem-13331	103	116	in	in	ADP
fbem-13331	103	117	the	the	DET
fbem-13331	103	118	choice	choice	NOUN
fbem-13331	103	119	of	of	ADP
fbem-13331	103	120	time	time	NOUN
fbem-13331	103	121	interval	interval	NOUN
fbem-13331	103	122	,	,	PUNCT
fbem-13331	103	123	considering	consider	VERB
fbem-13331	103	124	the	the	DET
fbem-13331	103	125	availability	availability	NOUN
fbem-13331	103	126	of	of	ADP
fbem-13331	103	127	data	datum	NOUN
fbem-13331	103	128	and	and	CCONJ
fbem-13331	103	129	the	the	DET
fbem-13331	103	130	time	time	NOUN
fbem-13331	103	131	lag	lag	NOUN
fbem-13331	103	132	of	of	ADP
fbem-13331	103	133	policy	policy	NOUN
fbem-13331	103	134	implementation	implementation	NOUN
fbem-13331	103	135	,	,	PUNCT
fbem-13331	103	136	it	it	PRON
fbem-13331	103	137	will	will	AUX
fbem-13331	103	138	focus	focus	VERB
fbem-13331	103	139	on	on	ADP
fbem-13331	103	140	the	the	DET
fbem-13331	103	141	study	study	NOUN
fbem-13331	103	142	of	of	ADP
fbem-13331	103	143	the	the	DET
fbem-13331	103	144	two	two	NUM
fbem-13331	103	145	expansion	expansion	NOUN
fbem-13331	103	146	events	event	NOUN
fbem-13331	103	147	in	in	ADP
fbem-13331	103	148	2010	2010	NUM
fbem-13331	103	149	and	and	CCONJ
fbem-13331	103	150	2013	2013	NUM
fbem-13331	103	151	,	,	PUNCT
fbem-13331	103	152	so	so	ADV
fbem-13331	103	153	2005	2005	NUM
fbem-13331	103	154	-	-	SYM
fbem-13331	103	155	2019	2019	NUM
fbem-13331	103	156	is	be	AUX
fbem-13331	103	157	selected	select	VERB
fbem-13331	103	158	as	as	ADP
fbem-13331	103	159	the	the	DET
fbem-13331	103	160	time	time	NOUN
fbem-13331	103	161	window	window	NOUN
fbem-13331	103	162	choice	choice	NOUN
fbem-13331	103	163	.	.	PUNCT
fbem-13331	104	1	secondly	secondly	ADV
fbem-13331	104	2	,	,	PUNCT
fbem-13331	104	3	in	in	ADP
fbem-13331	104	4	terms	term	NOUN
fbem-13331	104	5	of	of	ADP
fbem-13331	104	6	sample	sample	NOUN
fbem-13331	104	7	processing	processing	NOUN
fbem-13331	104	8	,	,	PUNCT
fbem-13331	104	9	drawing	draw	VERB
fbem-13331	104	10	on	on	ADP
fbem-13331	104	11	wu	wu	PROPN
fbem-13331	104	12	you	you	PRON
fbem-13331	104	13	and	and	CCONJ
fbem-13331	104	14	dong	dong	PROPN
fbem-13331	104	15	jing	jing	PROPN
fbem-13331	104	16	(	(	PUNCT
fbem-13331	104	17	2020	2020	NUM
fbem-13331	104	18	)	)	PUNCT
fbem-13331	104	19	processing	processing	NOUN
fbem-13331	104	20	,	,	PUNCT
fbem-13331	104	21	and	and	CCONJ
fbem-13331	104	22	excluding	exclude	VERB
fbem-13331	104	23	vcs	vcs	NOUN
fbem-13331	104	24	and	and	CCONJ
fbem-13331	104	25	investee	investee	NOUN
fbem-13331	104	26	companies	company	NOUN
fbem-13331	104	27	belonging	belong	VERB
fbem-13331	104	28	to	to	ADP
fbem-13331	104	29	the	the	DET
fbem-13331	104	30	sample	sample	NOUN
fbem-13331	104	31	of	of	ADP
fbem-13331	104	32	related	related	ADJ
fbem-13331	104	33	transactions	transaction	NOUN
fbem-13331	104	34	;	;	PUNCT
fbem-13331	104	35	finally	finally	ADV
fbem-13331	104	36	,	,	PUNCT
fbem-13331	104	37	excluding	exclude	VERB
fbem-13331	104	38	samples	sample	NOUN
fbem-13331	104	39	with	with	ADP
fbem-13331	104	40	serious	serious	ADJ
fbem-13331	104	41	missing	missing	ADJ
fbem-13331	104	42	financial	financial	ADJ
fbem-13331	104	43	data	datum	NOUN
fbem-13331	104	44	,	,	PUNCT
fbem-13331	104	45	in	in	ADP
fbem-13331	104	46	order	order	NOUN
fbem-13331	104	47	to	to	PART
fbem-13331	104	48	avoid	avoid	VERB
fbem-13331	104	49	the	the	DET
fbem-13331	104	50	impact	impact	NOUN
fbem-13331	104	51	of	of	ADP
fbem-13331	104	52	extreme	extreme	ADJ
fbem-13331	104	53	outliers	outlier	NOUN
fbem-13331	104	54	,	,	PUNCT
fbem-13331	104	55	the	the	DET
fbem-13331	104	56	upper	upper	ADJ
fbem-13331	104	57	and	and	CCONJ
fbem-13331	104	58	lower	low	ADJ
fbem-13331	104	59	1	1	NUM
fbem-13331	104	60	%	%	NOUN
fbem-13331	104	61	shrinking	shrink	VERB
fbem-13331	104	62	tails	tail	NOUN
fbem-13331	104	63	were	be	AUX
fbem-13331	104	64	processed	process	VERB
fbem-13331	104	65	,	,	PUNCT
fbem-13331	104	66	and	and	CCONJ
fbem-13331	104	67	a	a	DET
fbem-13331	104	68	total	total	NOUN
fbem-13331	104	69	of	of	ADP
fbem-13331	104	70	1,870	1,870	NUM
fbem-13331	104	71	samples	sample	NOUN
fbem-13331	104	72	of	of	ADP
fbem-13331	104	73	372	372	NUM
fbem-13331	104	74	companies	company	NOUN
fbem-13331	104	75	were	be	AUX
fbem-13331	104	76	finally	finally	ADV
fbem-13331	104	77	screened	screen	VERB
fbem-13331	104	78	out	out	ADP
fbem-13331	104	79	.	.	PUNCT
fbem-13331	105	1	sample	sample	NOUN
fbem-13331	105	2	data	datum	NOUN
fbem-13331	105	3	mainly	mainly	ADV
fbem-13331	105	4	come	come	VERB
fbem-13331	105	5	from	from	ADP
fbem-13331	105	6	the	the	DET
fbem-13331	105	7	following	following	ADJ
fbem-13331	105	8	databases	database	NOUN
fbem-13331	105	9	:	:	PUNCT
fbem-13331	105	10	venture	venture	NOUN
fbem-13331	105	11	capital	capital	NOUN
fbem-13331	105	12	events	event	NOUN
fbem-13331	105	13	in	in	ADP
fbem-13331	105	14	east	east	ADJ
fbem-13331	105	15	and	and	CCONJ
fbem-13331	105	16	central	central	ADJ
fbem-13331	105	17	china	china	PROPN
fbem-13331	105	18	from	from	ADP
fbem-13331	105	19	cv_source	cv_source	PROPN
fbem-13331	105	20	database	database	NOUN
fbem-13331	105	21	;	;	PUNCT
fbem-13331	105	22	enterprise	enterprise	NOUN
fbem-13331	105	23	patent	patent	NOUN
fbem-13331	105	24	data	datum	NOUN
fbem-13331	105	25	from	from	ADP
fbem-13331	105	26	cnrds	cnrd	NOUN
fbem-13331	105	27	database	database	NOUN
fbem-13331	105	28	,	,	PUNCT
fbem-13331	105	29	the	the	DET
fbem-13331	105	30	rest	rest	NOUN
fbem-13331	105	31	of	of	ADP
fbem-13331	105	32	the	the	DET
fbem-13331	105	33	enterprise	enterprise	NOUN
fbem-13331	105	34	data	datum	NOUN
fbem-13331	105	35	from	from	ADP
fbem-13331	105	36	csmar	csmar	PROPN
fbem-13331	105	37	database	database	NOUN
fbem-13331	105	38	,	,	PUNCT
fbem-13331	105	39	and	and	CCONJ
fbem-13331	105	40	some	some	PRON
fbem-13331	105	41	of	of	ADP
fbem-13331	105	42	the	the	DET
fbem-13331	105	43	missing	miss	VERB
fbem-13331	105	44	values	value	NOUN
fbem-13331	105	45	are	be	AUX
fbem-13331	105	46	supplemented	supplement	VERB
fbem-13331	105	47	by	by	ADP
fbem-13331	105	48	the	the	DET
fbem-13331	105	49	resset	resset	ADJ
fbem-13331	105	50	database	database	NOUN
fbem-13331	105	51	and	and	CCONJ
fbem-13331	105	52	by	by	ADP
fbem-13331	105	53	checking	check	VERB
fbem-13331	105	54	the	the	DET
fbem-13331	105	55	annual	annual	ADJ
fbem-13331	105	56	reports	report	NOUN
fbem-13331	105	57	of	of	ADP
fbem-13331	105	58	the	the	DET
fbem-13331	105	59	enterprises	enterprise	NOUN
fbem-13331	105	60	.	.	PUNCT
fbem-13331	106	1	3.4	3.4	NUM
fbem-13331	106	2	.	.	PUNCT
fbem-13331	106	3	descriptive	descriptive	ADJ
fbem-13331	106	4	statistics	statistic	NOUN
fbem-13331	106	5	table	table	NOUN
fbem-13331	106	6	2	2	NUM
fbem-13331	106	7	shows	show	VERB
fbem-13331	106	8	the	the	DET
fbem-13331	106	9	descriptive	descriptive	ADJ
fbem-13331	106	10	statistics	statistic	NOUN
fbem-13331	106	11	of	of	ADP
fbem-13331	106	12	the	the	DET
fbem-13331	106	13	main	main	ADJ
fbem-13331	106	14	variables	variable	NOUN
fbem-13331	106	15	.	.	PUNCT
fbem-13331	107	1	as	as	SCONJ
fbem-13331	107	2	can	can	AUX
fbem-13331	107	3	be	be	AUX
fbem-13331	107	4	seen	see	VERB
fbem-13331	107	5	from	from	ADP
fbem-13331	107	6	the	the	DET
fbem-13331	107	7	table	table	NOUN
fbem-13331	107	8	,	,	PUNCT
fbem-13331	107	9	the	the	DET
fbem-13331	107	10	average	average	ADJ
fbem-13331	107	11	value	value	NOUN
fbem-13331	107	12	of	of	ADP
fbem-13331	107	13	enterprise	enterprise	NOUN
fbem-13331	107	14	basic	basic	ADJ
fbem-13331	107	15	innovation	innovation	NOUN
fbem-13331	107	16	(	(	PUNCT
fbem-13331	107	17	bas_innov	bas_innov	PROPN
fbem-13331	107	18	)	)	PUNCT
fbem-13331	107	19	is	be	AUX
fbem-13331	107	20	1.085	1.085	NUM
fbem-13331	107	21	,	,	PUNCT
fbem-13331	107	22	indicating	indicate	VERB
fbem-13331	107	23	that	that	SCONJ
fbem-13331	107	24	the	the	DET
fbem-13331	107	25	enterprise	enterprise	NOUN
fbem-13331	107	26	basic	basic	ADJ
fbem-13331	107	27	innovation	innovation	NOUN
fbem-13331	107	28	r&d	r&d	NOUN
fbem-13331	107	29	capability	capability	NOUN
fbem-13331	107	30	is	be	AUX
fbem-13331	107	31	weak	weak	ADJ
fbem-13331	107	32	;	;	PUNCT
fbem-13331	107	33	according	accord	VERB
fbem-13331	107	34	to	to	ADP
fbem-13331	107	35	the	the	DET
fbem-13331	107	36	maximum	maximum	ADJ
fbem-13331	107	37	and	and	CCONJ
fbem-13331	107	38	minimum	minimum	ADJ
fbem-13331	107	39	values	value	NOUN
fbem-13331	107	40	,	,	PUNCT
fbem-13331	107	41	it	it	PRON
fbem-13331	107	42	can	can	AUX
fbem-13331	107	43	be	be	AUX
fbem-13331	107	44	seen	see	VERB
fbem-13331	107	45	that	that	SCONJ
fbem-13331	107	46	there	there	PRON
fbem-13331	107	47	are	be	VERB
fbem-13331	107	48	obvious	obvious	ADJ
fbem-13331	107	49	differences	difference	NOUN
fbem-13331	107	50	in	in	ADP
fbem-13331	107	51	the	the	DET
fbem-13331	107	52	basic	basic	ADJ
fbem-13331	107	53	innovation	innovation	NOUN
fbem-13331	107	54	capability	capability	NOUN
fbem-13331	107	55	of	of	ADP
fbem-13331	107	56	each	each	DET
fbem-13331	107	57	enterprise	enterprise	NOUN
fbem-13331	107	58	.	.	PUNCT
fbem-13331	108	1	secondly	secondly	ADV
fbem-13331	108	2	,	,	PUNCT
fbem-13331	108	3	the	the	DET
fbem-13331	108	4	mean	mean	ADJ
fbem-13331	108	5	value	value	NOUN
fbem-13331	108	6	of	of	ADP
fbem-13331	108	7	the	the	DET
fbem-13331	108	8	policy	policy	NOUN
fbem-13331	108	9	dummy	dummy	ADJ
fbem-13331	108	10	variable	variable	NOUN
fbem-13331	108	11	(	(	PUNCT
fbem-13331	108	12	pol	pol	NOUN
fbem-13331	108	13	)	)	PUNCT
fbem-13331	108	14	is	be	AUX
fbem-13331	108	15	0.603	0.603	NUM
fbem-13331	108	16	,	,	PUNCT
fbem-13331	108	17	indicating	indicate	VERB
fbem-13331	108	18	that	that	SCONJ
fbem-13331	108	19	60	60	NUM
fbem-13331	108	20	%	%	NOUN
fbem-13331	108	21	of	of	ADP
fbem-13331	108	22	the	the	DET
fbem-13331	108	23	samples	sample	NOUN
fbem-13331	108	24	are	be	AUX
fbem-13331	108	25	affected	affect	VERB
fbem-13331	108	26	by	by	ADP
fbem-13331	108	27	regional	regional	ADJ
fbem-13331	108	28	integration	integration	NOUN
fbem-13331	108	29	policies	policy	NOUN
fbem-13331	108	30	in	in	ADP
fbem-13331	108	31	sample	sample	NOUN
fbem-13331	108	32	selection	selection	NOUN
fbem-13331	108	33	;	;	PUNCT
fbem-13331	108	34	the	the	DET
fbem-13331	108	35	mean	mean	ADJ
fbem-13331	108	36	value	value	NOUN
fbem-13331	108	37	of	of	ADP
fbem-13331	108	38	the	the	DET
fbem-13331	108	39	nature	nature	NOUN
fbem-13331	108	40	of	of	ADP
fbem-13331	108	41	the	the	DET
fbem-13331	108	42	enterprise	enterprise	NOUN
fbem-13331	108	43	(	(	PUNCT
fbem-13331	108	44	state	state	NOUN
fbem-13331	108	45	)	)	PUNCT
fbem-13331	108	46	is	be	AUX
fbem-13331	108	47	0.1194	0.1194	NUM
fbem-13331	108	48	,	,	PUNCT
fbem-13331	108	49	with	with	ADP
fbem-13331	108	50	a	a	DET
fbem-13331	108	51	median	median	ADJ
fbem-13331	108	52	value	value	NOUN
fbem-13331	108	53	of	of	ADP
fbem-13331	108	54	0	0	NUM
fbem-13331	108	55	.	.	PUNCT
fbem-13331	109	1	the	the	DET
fbem-13331	109	2	data	datum	NOUN
fbem-13331	109	3	as	as	ADP
fbem-13331	109	4	a	a	DET
fbem-13331	109	5	whole	whole	NOUN
fbem-13331	109	6	shows	show	VERB
fbem-13331	109	7	a	a	DET
fbem-13331	109	8	right	right	ADJ
fbem-13331	109	9	-	-	PUNCT
fbem-13331	109	10	skewed	skewed	ADJ
fbem-13331	109	11	distribution	distribution	NOUN
fbem-13331	109	12	,	,	PUNCT
fbem-13331	109	13	which	which	PRON
fbem-13331	109	14	also	also	ADV
fbem-13331	109	15	indicates	indicate	VERB
fbem-13331	109	16	that	that	SCONJ
fbem-13331	109	17	vcs	vcs	PROPN
fbem-13331	109	18	tend	tend	VERB
fbem-13331	109	19	to	to	PART
fbem-13331	109	20	choose	choose	VERB
fbem-13331	109	21	the	the	DET
fbem-13331	109	22	private	private	ADJ
fbem-13331	109	23	enterprises	enterprise	NOUN
fbem-13331	109	24	with	with	ADP
fbem-13331	109	25	difficulties	difficulty	NOUN
fbem-13331	109	26	in	in	ADP
fbem-13331	109	27	financing	financing	NOUN
fbem-13331	109	28	but	but	CCONJ
fbem-13331	109	29	stronger	strong	ADJ
fbem-13331	109	30	innovation	innovation	NOUN
fbem-13331	109	31	ability	ability	NOUN
fbem-13331	109	32	when	when	SCONJ
fbem-13331	109	33	investing	invest	VERB
fbem-13331	109	34	.	.	PUNCT
fbem-13331	110	1	other	other	ADJ
fbem-13331	110	2	than	than	ADP
fbem-13331	110	3	that	that	PRON
fbem-13331	110	4	,	,	PUNCT
fbem-13331	110	5	most	most	ADJ
fbem-13331	110	6	of	of	ADP
fbem-13331	110	7	the	the	DET
fbem-13331	110	8	data	datum	NOUN
fbem-13331	110	9	are	be	AUX
fbem-13331	110	10	not	not	PART
fbem-13331	110	11	abnormal	abnormal	ADJ
fbem-13331	110	12	,	,	PUNCT
fbem-13331	110	13	mostly	mostly	ADV
fbem-13331	110	14	showing	show	VERB
fbem-13331	110	15	normal	normal	ADJ
fbem-13331	110	16	distribution	distribution	NOUN
fbem-13331	110	17	characteristics	characteristic	NOUN
fbem-13331	110	18	.	.	PUNCT
fbem-13331	111	1	table	table	NOUN
fbem-13331	111	2	2	2	NUM
fbem-13331	111	3	.	.	PUNCT
fbem-13331	111	4	descriptive	descriptive	ADJ
fbem-13331	111	5	statistics	statistic	NOUN
fbem-13331	111	6	of	of	ADP
fbem-13331	111	7	main	main	ADJ
fbem-13331	111	8	variables	variable	NOUN
fbem-13331	111	9	variable	variable	NOUN
fbem-13331	111	10	n	n	PRON
fbem-13331	111	11	mean	mean	VERB
fbem-13331	111	12	sd	sd	ADP
fbem-13331	111	13	min	min	PROPN
fbem-13331	111	14	p50	p50	PROPN
fbem-13331	111	15	max	max	PROPN
fbem-13331	111	16	bas_innov	bas_innov	VERB
fbem-13331	111	17	1870	1870	NUM
fbem-13331	111	18	1.0848	1.0848	NUM
fbem-13331	111	19	1.0656	1.0656	NUM
fbem-13331	111	20	0.0000	0.0000	NUM
fbem-13331	111	21	1.0986	1.0986	NUM
fbem-13331	111	22	4.0943	4.0943	NUM
fbem-13331	111	23	pol	pol	NOUN
fbem-13331	111	24	1870	1870	NUM
fbem-13331	111	25	0.6032	0.6032	NUM
fbem-13331	111	26	0.4894	0.4894	NUM
fbem-13331	111	27	0.0000	0.0000	NUM
fbem-13331	111	28	1.0000	1.0000	NUM
fbem-13331	111	29	1.0000	1.0000	NUM
fbem-13331	111	30	qr	qr	NOUN
fbem-13331	111	31	1870	1870	NUM
fbem-13331	111	32	2.5877	2.5877	NUM
fbem-13331	111	33	2.6747	2.6747	NUM
fbem-13331	111	34	0.4809	0.4809	NUM
fbem-13331	111	35	1.6484	1.6484	NUM
fbem-13331	111	36	16.9306	16.9306	NUM
fbem-13331	111	37	lev	lev	NOUN
fbem-13331	111	38	1870	1870	NUM
fbem-13331	111	39	0.3402	0.3402	NUM
fbem-13331	111	40	0.1682	0.1682	NOUN
fbem-13331	111	41	0.0532	0.0532	NUM
fbem-13331	111	42	0.3223	0.3223	NUM
fbem-13331	111	43	0.7480	0.7480	NUM
fbem-13331	111	44	roa	roa	NOUN
fbem-13331	111	45	1870	1870	NUM
fbem-13331	111	46	0.0514	0.0514	NUM
fbem-13331	111	47	0.0476	0.0476	NUM
fbem-13331	111	48	-0.1584	-0.1584	NOUN
fbem-13331	111	49	0.0504	0.0504	NUM
fbem-13331	111	50	0.1704	0.1704	NUM
fbem-13331	111	51	growth	growth	NOUN
fbem-13331	111	52	1870	1870	NUM
fbem-13331	111	53	0.0456	0.0456	NUM
fbem-13331	111	54	1.6030	1.6030	NUM
fbem-13331	111	55	-8.9459	-8.9459	NOUN
fbem-13331	111	56	0.0918	0.0918	NUM
fbem-13331	111	57	6.4851	6.4851	NUM
fbem-13331	111	58	state	state	NOUN
fbem-13331	111	59	1868	1868	NUM
fbem-13331	111	60	0.1194	0.1194	NUM
fbem-13331	111	61	0.3243	0.3243	NUM
fbem-13331	111	62	0.0000	0.0000	NUM
fbem-13331	111	63	0.0000	0.0000	NUM
fbem-13331	111	64	1.0000	1.0000	NUM
fbem-13331	111	65	size	size	NOUN
fbem-13331	111	66	1870	1870	NUM
fbem-13331	111	67	21.5310	21.5310	NUM
fbem-13331	111	68	0.9086	0.9086	NUM
fbem-13331	111	69	19.9401	19.9401	NUM
fbem-13331	111	70	21.4385	21.4385	NUM
fbem-13331	111	71	24.0141	24.0141	NUM
fbem-13331	111	72	age	age	NOUN
fbem-13331	111	73	1870	1870	NUM
fbem-13331	111	74	2.6531	2.6531	NUM
fbem-13331	111	75	0.3770	0.3770	NUM
fbem-13331	111	76	1.3863	1.3863	NUM
fbem-13331	111	77	2.7081	2.7081	NUM
fbem-13331	111	78	3.4012	3.4012	NUM
fbem-13331	111	79	cashflow	cashflow	ADJ
fbem-13331	111	80	1870	1870	NUM
fbem-13331	111	81	0.2261	0.2261	NUM
fbem-13331	111	82	0.3900	0.3900	NUM
fbem-13331	111	83	-0.5776	-0.5776	NOUN
fbem-13331	111	84	0.1507	0.1507	NUM
fbem-13331	111	85	1.8173	1.8173	NUM
fbem-13331	111	86	roe	roe	NOUN
fbem-13331	111	87	1870	1870	NUM
fbem-13331	111	88	0.0858	0.0858	NUM
fbem-13331	111	89	0.0832	0.0832	NUM
fbem-13331	111	90	-0.3320	-0.3320	NOUN
fbem-13331	111	91	0.0880	0.0880	NUM
fbem-13331	111	92	0.2897	0.2897	NUM
fbem-13331	111	93	cap	cap	NOUN
fbem-13331	111	94	1870	1870	NUM
fbem-13331	111	95	2.2333	2.2333	NUM
fbem-13331	111	96	1.2442	1.2442	NUM
fbem-13331	111	97	0.5991	0.5991	NUM
fbem-13331	111	98	1.9629	1.9629	NUM
fbem-13331	111	99	7.7853	7.7853	NUM
fbem-13331	111	100	4	4	NUM
fbem-13331	111	101	.	.	PUNCT
fbem-13331	112	1	empirical	empirical	ADJ
fbem-13331	112	2	analysis	analysis	NOUN
fbem-13331	112	3	4.1	4.1	NUM
fbem-13331	112	4	.	.	PUNCT
fbem-13331	113	1	parallel	parallel	ADJ
fbem-13331	113	2	trend	trend	NOUN
fbem-13331	113	3	test	test	NOUN
fbem-13331	113	4	the	the	DET
fbem-13331	113	5	key	key	ADJ
fbem-13331	113	6	premise	premise	NOUN
fbem-13331	113	7	of	of	ADP
fbem-13331	113	8	the	the	DET
fbem-13331	113	9	double	double	ADJ
fbem-13331	113	10	-	-	PUNCT
fbem-13331	113	11	difference	difference	NOUN
fbem-13331	113	12	model	model	NOUN
fbem-13331	113	13	is	be	AUX
fbem-13331	113	14	the	the	DET
fbem-13331	113	15	parallel	parallel	ADJ
fbem-13331	113	16	trend	trend	NOUN
fbem-13331	113	17	assumption	assumption	NOUN
fbem-13331	113	18	,	,	PUNCT
fbem-13331	113	19	i.e.	i.e.	X
fbem-13331	113	20	,	,	PUNCT
fbem-13331	113	21	the	the	DET
fbem-13331	113	22	trend	trend	NOUN
fbem-13331	113	23	of	of	ADP
fbem-13331	113	24	changes	change	NOUN
fbem-13331	113	25	in	in	ADP
fbem-13331	113	26	the	the	DET
fbem-13331	113	27	level	level	NOUN
fbem-13331	113	28	of	of	ADP
fbem-13331	113	29	basic	basic	ADJ
fbem-13331	113	30	innovation	innovation	NOUN
fbem-13331	113	31	of	of	ADP
fbem-13331	113	32	all	all	DET
fbem-13331	113	33	firms	firm	NOUN
fbem-13331	113	34	before	before	ADP
fbem-13331	113	35	the	the	DET
fbem-13331	113	36	implementation	implementation	NOUN
fbem-13331	113	37	of	of	ADP
fbem-13331	113	38	the	the	DET
fbem-13331	113	39	regional	regional	ADJ
fbem-13331	113	40	integration	integration	NOUN
fbem-13331	113	41	policy	policy	NOUN
fbem-13331	113	42	should	should	AUX
fbem-13331	113	43	be	be	AUX
fbem-13331	113	44	parallel	parallel	VERB
fbem-13331	113	45	.	.	PUNCT
fbem-13331	114	1	according	accord	VERB
fbem-13331	114	2	to	to	ADP
fbem-13331	114	3	the	the	DET
fbem-13331	114	4	actual	actual	ADJ
fbem-13331	114	5	situation	situation	NOUN
fbem-13331	114	6	of	of	ADP
fbem-13331	114	7	the	the	DET
fbem-13331	114	8	sample	sample	NOUN
fbem-13331	114	9	data	datum	NOUN
fbem-13331	114	10	,	,	PUNCT
fbem-13331	114	11	the	the	DET
fbem-13331	114	12	years	year	NOUN
fbem-13331	114	13	from	from	ADP
fbem-13331	114	14	5	5	NUM
fbem-13331	114	15	years	year	NOUN
fbem-13331	114	16	before	before	ADP
fbem-13331	114	17	to	to	ADP
fbem-13331	114	18	15	15	NUM
fbem-13331	114	19	years	year	NOUN
fbem-13331	114	20	after	after	SCONJ
fbem-13331	114	21	the	the	DET
fbem-13331	114	22	implementation	implementation	NOUN
fbem-13331	114	23	of	of	ADP
fbem-13331	114	24	regional	regional	ADJ
fbem-13331	114	25	integration	integration	NOUN
fbem-13331	114	26	are	be	AUX
fbem-13331	114	27	set	set	VERB
fbem-13331	114	28	as	as	ADP
fbem-13331	114	29	dummy	dummy	ADJ
fbem-13331	114	30	variables	variable	NOUN
fbem-13331	114	31	,	,	PUNCT
fbem-13331	114	32	with	with	ADP
fbem-13331	114	33	1	1	NUM
fbem-13331	114	34	period	period	NOUN
fbem-13331	114	35	before	before	ADP
fbem-13331	114	36	the	the	DET
fbem-13331	114	37	implementation	implementation	NOUN
fbem-13331	114	38	of	of	ADP
fbem-13331	114	39	the	the	DET
fbem-13331	114	40	policy	policy	NOUN
fbem-13331	114	41	as	as	ADP
fbem-13331	114	42	the	the	DET
fbem-13331	114	43	base	base	NOUN
fbem-13331	114	44	period	period	NOUN
fbem-13331	114	45	.	.	PUNCT
fbem-13331	115	1	the	the	DET
fbem-13331	115	2	results	result	NOUN
fbem-13331	115	3	are	be	AUX
fbem-13331	115	4	shown	show	VERB
fbem-13331	115	5	in	in	ADP
fbem-13331	115	6	fig	fig	NOUN
fbem-13331	115	7	.	.	PUNCT
fbem-13331	116	1	1	1	NUM
fbem-13331	116	2	,	,	PUNCT
fbem-13331	116	3	there	there	PRON
fbem-13331	116	4	is	be	VERB
fbem-13331	116	5	no	no	DET
fbem-13331	116	6	significant	significant	ADJ
fbem-13331	116	7	difference	difference	NOUN
fbem-13331	116	8	between	between	ADP
fbem-13331	116	9	the	the	DET
fbem-13331	116	10	basic	basic	ADJ
fbem-13331	116	11	innovation	innovation	NOUN
fbem-13331	116	12	level	level	NOUN
fbem-13331	116	13	of	of	ADP
fbem-13331	116	14	the	the	DET
fbem-13331	116	15	experimental	experimental	ADJ
fbem-13331	116	16	group	group	NOUN
fbem-13331	116	17	and	and	CCONJ
fbem-13331	116	18	the	the	DET
fbem-13331	116	19	treatment	treatment	NOUN
fbem-13331	116	20	group	group	NOUN
fbem-13331	116	21	before	before	ADP
fbem-13331	116	22	the	the	DET
fbem-13331	116	23	start	start	NOUN
fbem-13331	116	24	of	of	ADP
fbem-13331	116	25	the	the	DET
fbem-13331	116	26	policy	policy	NOUN
fbem-13331	116	27	,	,	PUNCT
fbem-13331	116	28	and	and	CCONJ
fbem-13331	116	29	after	after	ADP
fbem-13331	116	30	2	2	NUM
fbem-13331	116	31	years	year	NOUN
fbem-13331	116	32	of	of	ADP
fbem-13331	116	33	the	the	DET
fbem-13331	116	34	policy	policy	NOUN
fbem-13331	116	35	,	,	PUNCT
fbem-13331	116	36	the	the	DET
fbem-13331	116	37	policy	policy	NOUN
fbem-13331	116	38	effects	effect	NOUN
fbem-13331	116	39	are	be	AUX
fbem-13331	116	40	all	all	ADV
fbem-13331	116	41	significant	significant	ADJ
fbem-13331	116	42	at	at	ADP
fbem-13331	116	43	the	the	DET
fbem-13331	116	44	1	1	NUM
fbem-13331	116	45	%	%	NOUN
fbem-13331	116	46	level	level	NOUN
fbem-13331	116	47	and	and	CCONJ
fbem-13331	116	48	show	show	VERB
fbem-13331	116	49	a	a	DET
fbem-13331	116	50	gradual	gradual	ADJ
fbem-13331	116	51	upward	upward	ADJ
fbem-13331	116	52	trend	trend	NOUN
fbem-13331	116	53	,	,	PUNCT
fbem-13331	116	54	which	which	PRON
fbem-13331	116	55	indicates	indicate	VERB
fbem-13331	116	56	that	that	SCONJ
fbem-13331	116	57	the	the	DET
fbem-13331	116	58	regional	regional	ADJ
fbem-13331	116	59	integration	integration	NOUN
fbem-13331	116	60	policy	policy	NOUN
fbem-13331	116	61	can	can	AUX
fbem-13331	116	62	significantly	significantly	ADV
fbem-13331	116	63	contribute	contribute	VERB
fbem-13331	116	64	to	to	ADP
fbem-13331	116	65	the	the	DET
fbem-13331	116	66	enhancement	enhancement	NOUN
fbem-13331	116	67	effect	effect	NOUN
fbem-13331	116	68	of	of	ADP
fbem-13331	116	69	vc	vc	PROPN
fbem-13331	116	70	on	on	ADP
fbem-13331	116	71	the	the	DET
fbem-13331	116	72	basic	basic	ADJ
fbem-13331	116	73	innovations	innovation	NOUN
fbem-13331	116	74	of	of	ADP
fbem-13331	116	75	the	the	DET
fbem-13331	116	76	enterprises	enterprise	NOUN
fbem-13331	116	77	,	,	PUNCT
fbem-13331	116	78	and	and	CCONJ
fbem-13331	116	79	therefore	therefore	ADV
fbem-13331	116	80	verifies	verifie	NOUN
fbem-13331	116	81	that	that	PRON
fbem-13331	116	82	hypothesis	hypothesis	NOUN
fbem-13331	116	83	1	1	NUM
fbem-13331	116	84	is	be	AUX
fbem-13331	116	85	established	establish	VERB
fbem-13331	116	86	.	.	PUNCT
fbem-13331	117	1	4.2	4.2	NUM
fbem-13331	117	2	.	.	PUNCT
fbem-13331	118	1	benchmarking	benchmarke	VERB
fbem-13331	118	2	analysis	analysis	NOUN
fbem-13331	118	3	the	the	DET
fbem-13331	118	4	above	above	ADJ
fbem-13331	118	5	parallel	parallel	ADJ
fbem-13331	118	6	trend	trend	NOUN
fbem-13331	118	7	graphs	graph	NOUN
fbem-13331	118	8	have	have	AUX
fbem-13331	118	9	verified	verify	VERB
fbem-13331	118	10	the	the	DET
fbem-13331	118	11	effect	effect	NOUN
fbem-13331	118	12	of	of	ADP
fbem-13331	118	13	regional	regional	ADJ
fbem-13331	118	14	integration	integration	NOUN
fbem-13331	118	15	policies	policy	NOUN
fbem-13331	118	16	on	on	ADP
fbem-13331	118	17	the	the	DET
fbem-13331	118	18	level	level	NOUN
fbem-13331	118	19	of	of	ADP
fbem-13331	118	20	basic	basic	ADJ
fbem-13331	118	21	innovation	innovation	NOUN
fbem-13331	118	22	in	in	ADP
fbem-13331	118	23	firms	firm	NOUN
fbem-13331	118	24	with	with	ADP
fbem-13331	118	25	venture	venture	NOUN
fbem-13331	118	26	capital	capital	NOUN
fbem-13331	118	27	intervention	intervention	NOUN
fbem-13331	118	28	.	.	PUNCT
fbem-13331	119	1	in	in	ADP
fbem-13331	119	2	the	the	DET
fbem-13331	119	3	following	following	NOUN
fbem-13331	119	4	,	,	PUNCT
fbem-13331	119	5	the	the	DET
fbem-13331	119	6	multi	multi	NOUN
fbem-13331	119	7	-	-	NOUN
fbem-13331	119	8	period	period	NOUN
fbem-13331	119	9	did	do	AUX
fbem-13331	119	10	model	model	NOUN
fbem-13331	119	11	will	will	AUX
fbem-13331	119	12	be	be	AUX
fbem-13331	119	13	used	use	VERB
fbem-13331	119	14	to	to	PART
fbem-13331	119	15	identify	identify	VERB
fbem-13331	119	16	the	the	DET
fbem-13331	119	17	specific	specific	ADJ
fbem-13331	119	18	effects	effect	NOUN
fbem-13331	119	19	of	of	ADP
fbem-13331	119	20	regional	regional	ADJ
fbem-13331	119	21	integration	integration	NOUN
fbem-13331	119	22	policies	policy	NOUN
fbem-13331	119	23	,	,	PUNCT
fbem-13331	119	24	and	and	CCONJ
fbem-13331	119	25	the	the	DET
fbem-13331	119	26	benchmark	benchmark	ADJ
fbem-13331	119	27	regression	regression	NOUN
fbem-13331	119	28	results	result	NOUN
fbem-13331	119	29	are	be	AUX
fbem-13331	119	30	shown	show	VERB
fbem-13331	119	31	in	in	ADP
fbem-13331	119	32	table	table	NOUN
fbem-13331	119	33	3	3	NUM
fbem-13331	119	34	.	.	NOUN
fbem-13331	119	35	280	280	NUM
fbem-13331	119	36	figure	figure	NOUN
fbem-13331	119	37	1	1	NUM
fbem-13331	119	38	.	.	PUNCT
fbem-13331	119	39	parallel	parallel	ADJ
fbem-13331	119	40	trend	trend	NOUN
fbem-13331	119	41	test	test	NOUN
fbem-13331	119	42	table	table	NOUN
fbem-13331	119	43	3	3	NUM
fbem-13331	119	44	.	.	PUNCT
fbem-13331	119	45	benchmark	benchmark	NOUN
fbem-13331	119	46	regression	regression	NOUN
fbem-13331	119	47	results	result	NOUN
fbem-13331	119	48	for	for	ADP
fbem-13331	119	49	testing	test	VERB
fbem-13331	119	50	the	the	DET
fbem-13331	119	51	effects	effect	NOUN
fbem-13331	119	52	of	of	ADP
fbem-13331	119	53	regional	regional	ADJ
fbem-13331	119	54	integration	integration	NOUN
fbem-13331	119	55	policies	policy	NOUN
fbem-13331	119	56	(	(	PUNCT
fbem-13331	119	57	1	1	NUM
fbem-13331	119	58	)	)	PUNCT
fbem-13331	119	59	(	(	PUNCT
fbem-13331	119	60	2	2	X
fbem-13331	119	61	)	)	PUNCT
fbem-13331	119	62	bas_innov	bas_innov	NOUN
fbem-13331	119	63	bas_innov	bas_innov	VERB
fbem-13331	119	64	pol	pol	NOUN
fbem-13331	119	65	0.5567	0.5567	NUM
fbem-13331	119	66	*	*	PUNCT
fbem-13331	119	67	*	*	PUNCT
fbem-13331	119	68	*	*	PUNCT
fbem-13331	119	69	0.5156	0.5156	NUM
fbem-13331	119	70	*	*	PUNCT
fbem-13331	119	71	*	*	PUNCT
fbem-13331	119	72	*	*	PUNCT
fbem-13331	119	73	(	(	PUNCT
fbem-13331	119	74	2.9360	2.9360	NUM
fbem-13331	119	75	)	)	PUNCT
fbem-13331	119	76	(	(	PUNCT
fbem-13331	119	77	2.8817	2.8817	NUM
fbem-13331	119	78	)	)	PUNCT
fbem-13331	119	79	qr	qr	NOUN
fbem-13331	119	80	-0.0273	-0.0273	PROPN
fbem-13331	119	81	(	(	PUNCT
fbem-13331	119	82	-1.3990	-1.3990	NOUN
fbem-13331	119	83	)	)	PUNCT
fbem-13331	119	84	lev	lev	NOUN
fbem-13331	119	85	-0.6291	-0.6291	PROPN
fbem-13331	119	86	*	*	PUNCT
fbem-13331	119	87	*	*	PUNCT
fbem-13331	119	88	(	(	PUNCT
fbem-13331	119	89	-2.0419	-2.0419	NOUN
fbem-13331	119	90	)	)	PUNCT
fbem-13331	119	91	roa	roa	PROPN
fbem-13331	119	92	1.4401	1.4401	NUM
fbem-13331	119	93	(	(	PUNCT
fbem-13331	119	94	0.7546	0.7546	NUM
fbem-13331	119	95	)	)	PUNCT
fbem-13331	119	96	growth	growth	NOUN
fbem-13331	119	97	0.0213	0.0213	NUM
fbem-13331	119	98	(	(	PUNCT
fbem-13331	119	99	0.9543	0.9543	NUM
fbem-13331	119	100	)	)	PUNCT
fbem-13331	119	101	state	state	NOUN
fbem-13331	119	102	0.2052	0.2052	NUM
fbem-13331	119	103	(	(	PUNCT
fbem-13331	119	104	0.9007	0.9007	NUM
fbem-13331	119	105	)	)	PUNCT
fbem-13331	119	106	size	size	NOUN
fbem-13331	119	107	0.2442	0.2442	NUM
fbem-13331	119	108	*	*	PUNCT
fbem-13331	119	109	*	*	PUNCT
fbem-13331	119	110	*	*	PUNCT
fbem-13331	119	111	(	(	PUNCT
fbem-13331	119	112	3.5465	3.5465	NUM
fbem-13331	119	113	)	)	PUNCT
fbem-13331	119	114	age	age	NOUN
fbem-13331	119	115	0.1172	0.1172	NUM
fbem-13331	119	116	(	(	PUNCT
fbem-13331	119	117	0.4429	0.4429	NUM
fbem-13331	119	118	)	)	PUNCT
fbem-13331	119	119	cashflow	cashflow	ADJ
fbem-13331	119	120	-0.1441	-0.1441	NOUN
fbem-13331	119	121	*	*	PUNCT
fbem-13331	119	122	(	(	PUNCT
fbem-13331	119	123	-1.9117	-1.9117	NOUN
fbem-13331	119	124	)	)	PUNCT
fbem-13331	119	125	roe	roe	PROPN
fbem-13331	119	126	-1.3744	-1.3744	PROPN
fbem-13331	119	127	(	(	PUNCT
fbem-13331	119	128	-1.3267	-1.3267	NOUN
fbem-13331	119	129	)	)	PUNCT
fbem-13331	119	130	cap	cap	NOUN
fbem-13331	119	131	-0.0698	-0.0698	NOUN
fbem-13331	119	132	*	*	PUNCT
fbem-13331	119	133	(	(	PUNCT
fbem-13331	119	134	-1.6661	-1.6661	ADJ
fbem-13331	119	135	)	)	PUNCT
fbem-13331	120	1	_	_	PRON
fbem-13331	120	2	cons	con	NOUN
fbem-13331	120	3	0.7450	0.7450	NUM
fbem-13331	120	4	*	*	PUNCT
fbem-13331	120	5	*	*	PUNCT
fbem-13331	120	6	*	*	NOUN
fbem-13331	120	7	-4.3179	-4.3179	NOUN
fbem-13331	120	8	*	*	PUNCT
fbem-13331	120	9	*	*	PUNCT
fbem-13331	120	10	*	*	PUNCT
fbem-13331	120	11	(	(	PUNCT
fbem-13331	120	12	6.5244	6.5244	NUM
fbem-13331	120	13	)	)	PUNCT
fbem-13331	120	14	(	(	PUNCT
fbem-13331	120	15	-2.9590	-2.9590	NOUN
fbem-13331	120	16	)	)	PUNCT
fbem-13331	120	17	fixed	fix	VERB
fbem-13331	120	18	effects	effect	NOUN
fbem-13331	121	1	yes	yes	INTJ
fbem-13331	121	2	yes	yes	INTJ
fbem-13331	122	1	n	n	CCONJ
fbem-13331	122	2	1870	1870	NUM
fbem-13331	122	3	1870	1870	NUM
fbem-13331	122	4	r2_a	r2_a	ADP
fbem-13331	122	5	0.6303	0.6303	NUM
fbem-13331	123	1	0.6352	0.6352	NUM
fbem-13331	123	2	note	note	NOUN
fbem-13331	123	3	:	:	PUNCT
fbem-13331	123	4	*	*	PUNCT
fbem-13331	123	5	,	,	PUNCT
fbem-13331	123	6	*	*	PUNCT
fbem-13331	123	7	*	*	PUNCT
fbem-13331	123	8	and	and	CCONJ
fbem-13331	123	9	*	*	PUNCT
fbem-13331	123	10	*	*	PUNCT
fbem-13331	123	11	*	*	PUNCT
fbem-13331	123	12	represent	represent	VERB
fbem-13331	123	13	significant	significant	ADJ
fbem-13331	123	14	at	at	ADP
fbem-13331	123	15	the	the	DET
fbem-13331	123	16	10	10	NUM
fbem-13331	123	17	per	per	ADP
fbem-13331	123	18	cent	cent	NOUN
fbem-13331	123	19	,	,	PUNCT
fbem-13331	123	20	5	5	NUM
fbem-13331	123	21	per	per	ADP
fbem-13331	123	22	cent	cent	NOUN
fbem-13331	123	23	and	and	CCONJ
fbem-13331	123	24	1	1	NUM
fbem-13331	123	25	per	per	ADP
fbem-13331	123	26	cent	cent	NOUN
fbem-13331	123	27	levels	level	NOUN
fbem-13331	123	28	,	,	PUNCT
fbem-13331	123	29	respectively	respectively	ADV
fbem-13331	123	30	.	.	PUNCT
fbem-13331	124	1	column	column	NOUN
fbem-13331	124	2	(	(	PUNCT
fbem-13331	124	3	1	1	X
fbem-13331	124	4	)	)	PUNCT
fbem-13331	124	5	in	in	ADP
fbem-13331	124	6	table	table	NOUN
fbem-13331	124	7	3	3	NUM
fbem-13331	124	8	shows	show	VERB
fbem-13331	124	9	the	the	DET
fbem-13331	124	10	model	model	NOUN
fbem-13331	124	11	without	without	ADP
fbem-13331	124	12	control	control	NOUN
fbem-13331	124	13	variables	variable	NOUN
fbem-13331	124	14	and	and	CCONJ
fbem-13331	124	15	column	column	NOUN
fbem-13331	124	16	(	(	PUNCT
fbem-13331	124	17	2	2	X
fbem-13331	124	18	)	)	PUNCT
fbem-13331	124	19	shows	show	VERB
fbem-13331	124	20	the	the	DET
fbem-13331	124	21	model	model	NOUN
fbem-13331	124	22	with	with	ADP
fbem-13331	124	23	control	control	NOUN
fbem-13331	124	24	variables	variable	NOUN
fbem-13331	124	25	to	to	PART
fbem-13331	124	26	test	test	VERB
fbem-13331	124	27	the	the	DET
fbem-13331	124	28	extent	extent	NOUN
fbem-13331	124	29	to	to	PART
fbem-13331	124	30	which	which	PRON
fbem-13331	124	31	regional	regional	ADJ
fbem-13331	124	32	integration	integration	NOUN
fbem-13331	124	33	affects	affect	VERB
fbem-13331	124	34	the	the	DET
fbem-13331	124	35	effect	effect	NOUN
fbem-13331	124	36	of	of	ADP
fbem-13331	124	37	venture	venture	NOUN
fbem-13331	124	38	capital	capital	NOUN
fbem-13331	124	39	on	on	ADP
fbem-13331	124	40	the	the	DET
fbem-13331	124	41	promotion	promotion	NOUN
fbem-13331	124	42	of	of	ADP
fbem-13331	124	43	basic	basic	ADJ
fbem-13331	124	44	innovation	innovation	NOUN
fbem-13331	124	45	by	by	ADP
fbem-13331	124	46	firms	firm	NOUN
fbem-13331	124	47	.	.	PUNCT
fbem-13331	125	1	as	as	SCONJ
fbem-13331	125	2	shown	show	VERB
fbem-13331	125	3	in	in	ADP
fbem-13331	125	4	column	column	NOUN
fbem-13331	125	5	(	(	PUNCT
fbem-13331	125	6	1	1	NUM
fbem-13331	125	7	)	)	PUNCT
fbem-13331	125	8	,	,	PUNCT
fbem-13331	125	9	the	the	DET
fbem-13331	125	10	coefficient	coefficient	NOUN
fbem-13331	125	11	of	of	ADP
fbem-13331	125	12	the	the	DET
fbem-13331	125	13	double	double	ADJ
fbem-13331	125	14	difference	difference	NOUN
fbem-13331	125	15	term	term	NOUN
fbem-13331	125	16	(	(	PUNCT
fbem-13331	125	17	)	)	PUNCT
fbem-13331	125	18	is	be	AUX
fbem-13331	125	19	0.5567	0.5567	NUM
fbem-13331	125	20	,	,	PUNCT
fbem-13331	125	21	and	and	CCONJ
fbem-13331	125	22	with	with	ADP
fbem-13331	125	23	the	the	DET
fbem-13331	125	24	addition	addition	NOUN
fbem-13331	125	25	of	of	ADP
fbem-13331	125	26	control	control	NOUN
fbem-13331	125	27	variables	variable	NOUN
fbem-13331	125	28	(	(	PUNCT
fbem-13331	125	29	as	as	SCONJ
fbem-13331	125	30	shown	show	VERB
fbem-13331	125	31	in	in	ADP
fbem-13331	125	32	column	column	NOUN
fbem-13331	125	33	(	(	PUNCT
fbem-13331	125	34	2	2	NUM
fbem-13331	125	35	)	)	PUNCT
fbem-13331	125	36	)	)	PUNCT
fbem-13331	125	37	,	,	PUNCT
fbem-13331	125	38	the	the	DET
fbem-13331	125	39	coefficient	coefficient	NOUN
fbem-13331	125	40	is	be	AUX
fbem-13331	125	41	0.5156	0.5156	NUM
fbem-13331	125	42	,	,	PUNCT
fbem-13331	125	43	which	which	PRON
fbem-13331	125	44	is	be	AUX
fbem-13331	125	45	also	also	ADV
fbem-13331	125	46	significant	significant	ADJ
fbem-13331	125	47	at	at	ADP
fbem-13331	125	48	the	the	DET
fbem-13331	125	49	1	1	NUM
fbem-13331	125	50	per	per	NOUN
fbem-13331	125	51	cent	cent	NOUN
fbem-13331	125	52	level	level	NOUN
fbem-13331	125	53	.	.	PUNCT
fbem-13331	126	1	this	this	PRON
fbem-13331	126	2	suggests	suggest	VERB
fbem-13331	126	3	that	that	SCONJ
fbem-13331	126	4	:	:	PUNCT
fbem-13331	126	5	first	first	ADV
fbem-13331	126	6	,	,	PUNCT
fbem-13331	126	7	the	the	DET
fbem-13331	126	8	effect	effect	NOUN
fbem-13331	126	9	of	of	ADP
fbem-13331	126	10	regional	regional	ADJ
fbem-13331	126	11	integration	integration	NOUN
fbem-13331	126	12	policy	policy	NOUN
fbem-13331	126	13	implementation	implementation	NOUN
fbem-13331	126	14	on	on	ADP
fbem-13331	126	15	the	the	DET
fbem-13331	126	16	impact	impact	NOUN
fbem-13331	126	17	of	of	ADP
fbem-13331	126	18	venture	venture	NOUN
fbem-13331	126	19	capital	capital	NOUN
fbem-13331	126	20	on	on	ADP
fbem-13331	126	21	the	the	DET
fbem-13331	126	22	promotion	promotion	NOUN
fbem-13331	126	23	of	of	ADP
fbem-13331	126	24	basic	basic	ADJ
fbem-13331	126	25	innovation	innovation	NOUN
fbem-13331	126	26	by	by	ADP
fbem-13331	126	27	firms	firm	NOUN
fbem-13331	126	28	is	be	AUX
fbem-13331	126	29	enhanced	enhance	VERB
fbem-13331	126	30	by	by	ADP
fbem-13331	126	31	more	more	ADJ
fbem-13331	126	32	than	than	ADP
fbem-13331	126	33	50	50	NUM
fbem-13331	126	34	per	per	ADP
fbem-13331	126	35	cent	cent	NOUN
fbem-13331	126	36	;	;	PUNCT
fbem-13331	126	37	second	second	ADJ
fbem-13331	126	38	,	,	PUNCT
fbem-13331	126	39	after	after	ADP
fbem-13331	126	40	the	the	DET
fbem-13331	126	41	inclusion	inclusion	NOUN
fbem-13331	126	42	of	of	ADP
fbem-13331	126	43	the	the	DET
fbem-13331	126	44	control	control	NOUN
fbem-13331	126	45	variables	variable	NOUN
fbem-13331	126	46	,	,	PUNCT
fbem-13331	126	47	the	the	DET
fbem-13331	126	48	degree	degree	NOUN
fbem-13331	126	49	of	of	ADP
fbem-13331	126	50	policy	policy	NOUN
fbem-13331	126	51	impact	impact	NOUN
fbem-13331	126	52	is	be	AUX
fbem-13331	126	53	reduced	reduce	VERB
fbem-13331	126	54	and	and	CCONJ
fbem-13331	126	55	the	the	DET
fbem-13331	126	56	equation	equation	NOUN
fbem-13331	126	57	fit	fit	NOUN
fbem-13331	126	58	is	be	AUX
fbem-13331	126	59	better	well	ADJ
fbem-13331	126	60	,	,	PUNCT
fbem-13331	126	61	indicating	indicate	VERB
fbem-13331	126	62	that	that	SCONJ
fbem-13331	126	63	the	the	DET
fbem-13331	126	64	control	control	NOUN
fbem-13331	126	65	variables	variable	VERB
fbem-13331	126	66	at	at	ADP
fbem-13331	126	67	the	the	DET
fbem-13331	126	68	firm	firm	ADJ
fbem-13331	126	69	level	level	NOUN
fbem-13331	126	70	affect	affect	VERB
fbem-13331	126	71	the	the	DET
fbem-13331	126	72	output	output	NOUN
fbem-13331	126	73	of	of	ADP
fbem-13331	126	74	basic	basic	ADJ
fbem-13331	126	75	innovation	innovation	NOUN
fbem-13331	126	76	.	.	PUNCT
fbem-13331	127	1	among	among	ADP
fbem-13331	127	2	them	they	PRON
fbem-13331	127	3	,	,	PUNCT
fbem-13331	127	4	enterprise	enterprise	NOUN
fbem-13331	127	5	size	size	NOUN
fbem-13331	127	6	(	(	PUNCT
fbem-13331	127	7	size	size	NOUN
fbem-13331	127	8	)	)	PUNCT
fbem-13331	127	9	has	have	VERB
fbem-13331	127	10	a	a	DET
fbem-13331	127	11	positive	positive	ADJ
fbem-13331	127	12	effect	effect	NOUN
fbem-13331	127	13	on	on	ADP
fbem-13331	127	14	281	281	NUM
fbem-13331	127	15	enterprise	enterprise	NOUN
fbem-13331	127	16	basic	basic	ADJ
fbem-13331	127	17	innovation	innovation	NOUN
fbem-13331	127	18	;	;	PUNCT
fbem-13331	127	19	financial	financial	ADJ
fbem-13331	127	20	leverage	leverage	NOUN
fbem-13331	127	21	(	(	PUNCT
fbem-13331	127	22	lev	lev	NOUN
fbem-13331	127	23	)	)	PUNCT
fbem-13331	127	24	,	,	PUNCT
fbem-13331	127	25	cash	cash	NOUN
fbem-13331	127	26	flow	flow	NOUN
fbem-13331	127	27	ratio	ratio	NOUN
fbem-13331	127	28	(	(	PUNCT
fbem-13331	127	29	cashflow	cashflow	NOUN
fbem-13331	127	30	)	)	PUNCT
fbem-13331	127	31	,	,	PUNCT
fbem-13331	127	32	capital	capital	NOUN
fbem-13331	127	33	intensity	intensity	NOUN
fbem-13331	127	34	(	(	PUNCT
fbem-13331	127	35	cap	cap	NOUN
fbem-13331	127	36	)	)	PUNCT
fbem-13331	127	37	has	have	VERB
fbem-13331	127	38	a	a	DET
fbem-13331	127	39	negative	negative	ADJ
fbem-13331	127	40	impact	impact	NOUN
fbem-13331	127	41	effect	effect	NOUN
fbem-13331	127	42	on	on	ADP
fbem-13331	127	43	enterprise	enterprise	NOUN
fbem-13331	127	44	basic	basic	ADJ
fbem-13331	127	45	innovation	innovation	NOUN
fbem-13331	127	46	.	.	PUNCT
fbem-13331	128	1	in	in	ADP
fbem-13331	128	2	summary	summary	NOUN
fbem-13331	128	3	,	,	PUNCT
fbem-13331	128	4	it	it	PRON
fbem-13331	128	5	can	can	AUX
fbem-13331	128	6	be	be	AUX
fbem-13331	128	7	verified	verify	VERB
fbem-13331	128	8	that	that	SCONJ
fbem-13331	128	9	hypothesis	hypothesis	NOUN
fbem-13331	128	10	1	1	NUM
fbem-13331	128	11	is	be	AUX
fbem-13331	128	12	established	establish	VERB
fbem-13331	128	13	.	.	PUNCT
fbem-13331	129	1	4.3	4.3	NUM
fbem-13331	129	2	.	.	PUNCT
fbem-13331	129	3	treatment	treatment	NOUN
fbem-13331	129	4	effect	effect	PROPN
fbem-13331	129	5	heterogeneity	heterogeneity	NOUN
fbem-13331	129	6	test	test	NOUN
fbem-13331	129	7	did	do	AUX
fbem-13331	129	8	requires	require	VERB
fbem-13331	129	9	the	the	DET
fbem-13331	129	10	homogeneity	homogeneity	NOUN
fbem-13331	129	11	of	of	ADP
fbem-13331	129	12	treatment	treatment	NOUN
fbem-13331	129	13	effects	effect	NOUN
fbem-13331	129	14	among	among	ADP
fbem-13331	129	15	different	different	ADJ
fbem-13331	129	16	groups	group	NOUN
fbem-13331	129	17	(	(	PUNCT
fbem-13331	129	18	liu	liu	PROPN
fbem-13331	129	19	chong	chong	PROPN
fbem-13331	129	20	et	et	PROPN
fbem-13331	129	21	al	al	PROPN
fbem-13331	129	22	.	.	PROPN
fbem-13331	129	23	,	,	PUNCT
fbem-13331	129	24	2022	2022	NUM
fbem-13331	129	25	;	;	PUNCT
fbem-13331	129	26	goodmanbacon2021	goodmanbacon2021	PROPN
fbem-13331	129	27	)	)	PUNCT
fbem-13331	129	28	,	,	PUNCT
fbem-13331	129	29	in	in	ADP
fbem-13331	129	30	order	order	NOUN
fbem-13331	129	31	to	to	PART
fbem-13331	129	32	avoid	avoid	VERB
fbem-13331	129	33	the	the	DET
fbem-13331	129	34	bias	bias	NOUN
fbem-13331	129	35	of	of	ADP
fbem-13331	129	36	the	the	DET
fbem-13331	129	37	results	result	NOUN
fbem-13331	129	38	caused	cause	VERB
fbem-13331	129	39	by	by	ADP
fbem-13331	129	40	the	the	DET
fbem-13331	129	41	difference	difference	NOUN
fbem-13331	129	42	in	in	ADP
fbem-13331	129	43	the	the	DET
fbem-13331	129	44	point	point	NOUN
fbem-13331	129	45	of	of	ADP
fbem-13331	129	46	time	time	NOUN
fbem-13331	129	47	of	of	ADP
fbem-13331	129	48	entering	enter	VERB
fbem-13331	129	49	the	the	DET
fbem-13331	129	50	regional	regional	ADJ
fbem-13331	129	51	integration	integration	NOUN
fbem-13331	129	52	policy	policy	NOUN
fbem-13331	129	53	as	as	ADV
fbem-13331	129	54	well	well	ADV
fbem-13331	129	55	as	as	ADP
fbem-13331	129	56	the	the	DET
fbem-13331	129	57	difference	difference	NOUN
fbem-13331	129	58	in	in	ADP
fbem-13331	129	59	the	the	DET
fbem-13331	129	60	length	length	NOUN
fbem-13331	129	61	of	of	ADP
fbem-13331	129	62	time	time	NOUN
fbem-13331	129	63	of	of	ADP
fbem-13331	129	64	accepting	accept	VERB
fbem-13331	129	65	the	the	DET
fbem-13331	129	66	treatment	treatment	NOUN
fbem-13331	129	67	,	,	PUNCT
fbem-13331	129	68	we	we	PRON
fbem-13331	129	69	draw	draw	VERB
fbem-13331	129	70	on	on	ADP
fbem-13331	129	71	the	the	DET
fbem-13331	129	72	treatment	treatment	NOUN
fbem-13331	129	73	of	of	ADP
fbem-13331	129	74	goodman	goodman	PROPN
fbem-13331	129	75	-	-	PUNCT
fbem-13331	129	76	bacon	bacon	NOUN
fbem-13331	129	77	(	(	PUNCT
fbem-13331	129	78	2021	2021	NUM
fbem-13331	129	79	)	)	PUNCT
fbem-13331	129	80	,	,	PUNCT
fbem-13331	129	81	and	and	CCONJ
fbem-13331	129	82	decompose	decompose	VERB
fbem-13331	129	83	the	the	DET
fbem-13331	129	84	multi	multi	NOUN
fbem-13331	129	85	-	-	NOUN
fbem-13331	129	86	period	period	NOUN
fbem-13331	129	87	did	do	AUX
fbem-13331	129	88	model	model	NOUN
fbem-13331	129	89	into	into	ADP
fbem-13331	129	90	two	two	NUM
fbem-13331	129	91	did	do	AUX
fbem-13331	129	92	models	model	NOUN
fbem-13331	129	93	,	,	PUNCT
fbem-13331	129	94	that	that	ADV
fbem-13331	129	95	is	is	ADV
fbem-13331	129	96	,	,	PUNCT
fbem-13331	129	97	the	the	DET
fbem-13331	129	98	2010	2010	NUM
fbem-13331	129	99	policy	policy	NOUN
fbem-13331	129	100	experiment	experiment	NOUN
fbem-13331	129	101	group	group	NOUN
fbem-13331	129	102	and	and	CCONJ
fbem-13331	129	103	control	control	NOUN
fbem-13331	129	104	group	group	NOUN
fbem-13331	129	105	,	,	PUNCT
fbem-13331	129	106	and	and	CCONJ
fbem-13331	129	107	2013	2013	NUM
fbem-13331	129	108	policy	policy	NOUN
fbem-13331	129	109	experiment	experiment	NOUN
fbem-13331	129	110	group	group	NOUN
fbem-13331	129	111	and	and	CCONJ
fbem-13331	129	112	treatment	treatment	NOUN
fbem-13331	129	113	group	group	NOUN
fbem-13331	129	114	,	,	PUNCT
fbem-13331	129	115	and	and	CCONJ
fbem-13331	129	116	the	the	DET
fbem-13331	129	117	test	test	NOUN
fbem-13331	129	118	results	result	NOUN
fbem-13331	129	119	are	be	AUX
fbem-13331	129	120	shown	show	VERB
fbem-13331	129	121	in	in	ADP
fbem-13331	129	122	table	table	NOUN
fbem-13331	129	123	4	4	NUM
fbem-13331	129	124	.	.	PUNCT
fbem-13331	130	1	in	in	ADP
fbem-13331	130	2	each	each	DET
fbem-13331	130	3	grouping	group	VERB
fbem-13331	130	4	scenario	scenario	NOUN
fbem-13331	130	5	,	,	PUNCT
fbem-13331	130	6	the	the	DET
fbem-13331	130	7	regional	regional	ADJ
fbem-13331	130	8	integration	integration	NOUN
fbem-13331	130	9	policy	policy	NOUN
fbem-13331	130	10	can	can	AUX
fbem-13331	130	11	significantly	significantly	ADV
fbem-13331	130	12	enhance	enhance	VERB
fbem-13331	130	13	the	the	DET
fbem-13331	130	14	promotion	promotion	NOUN
fbem-13331	130	15	effect	effect	NOUN
fbem-13331	130	16	of	of	ADP
fbem-13331	130	17	venture	venture	NOUN
fbem-13331	130	18	capital	capital	NOUN
fbem-13331	130	19	on	on	ADP
fbem-13331	130	20	the	the	DET
fbem-13331	130	21	basic	basic	ADJ
fbem-13331	130	22	innovation	innovation	NOUN
fbem-13331	130	23	of	of	ADP
fbem-13331	130	24	enterprises	enterprise	NOUN
fbem-13331	130	25	,	,	PUNCT
fbem-13331	130	26	in	in	ADP
fbem-13331	130	27	which	which	PRON
fbem-13331	130	28	the	the	DET
fbem-13331	130	29	impact	impact	NOUN
fbem-13331	130	30	effect	effect	NOUN
fbem-13331	130	31	of	of	ADP
fbem-13331	130	32	the	the	DET
fbem-13331	130	33	policy	policy	NOUN
fbem-13331	130	34	implementation	implementation	NOUN
fbem-13331	130	35	in	in	ADP
fbem-13331	130	36	2013	2013	NUM
fbem-13331	130	37	is	be	AUX
fbem-13331	130	38	smaller	small	ADJ
fbem-13331	130	39	than	than	ADP
fbem-13331	130	40	that	that	PRON
fbem-13331	130	41	in	in	ADP
fbem-13331	130	42	2010	2010	NUM
fbem-13331	130	43	,	,	PUNCT
fbem-13331	130	44	indicating	indicate	VERB
fbem-13331	130	45	that	that	SCONJ
fbem-13331	130	46	there	there	PRON
fbem-13331	130	47	is	be	VERB
fbem-13331	130	48	a	a	DET
fbem-13331	130	49	marginal	marginal	ADJ
fbem-13331	130	50	diminishing	diminishing	NOUN
fbem-13331	130	51	effect	effect	NOUN
fbem-13331	130	52	of	of	ADP
fbem-13331	130	53	the	the	DET
fbem-13331	130	54	regional	regional	ADJ
fbem-13331	130	55	integration	integration	NOUN
fbem-13331	130	56	policy	policy	NOUN
fbem-13331	130	57	effect	effect	NOUN
fbem-13331	130	58	.	.	PUNCT
fbem-13331	131	1	table	table	NOUN
fbem-13331	131	2	4	4	NUM
fbem-13331	131	3	.	.	PUNCT
fbem-13331	131	4	tests	test	NOUN
fbem-13331	131	5	for	for	ADP
fbem-13331	131	6	heterogeneity	heterogeneity	NOUN
fbem-13331	131	7	of	of	ADP
fbem-13331	131	8	treatment	treatment	NOUN
fbem-13331	131	9	effects	effect	NOUN
fbem-13331	131	10	full	full	ADJ
fbem-13331	131	11	-	-	PUNCT
fbem-13331	131	12	sample	sample	NOUN
fbem-13331	131	13	2010	2010	NUM
fbem-13331	131	14	as	as	ADP
fbem-13331	131	15	a	a	DET
fbem-13331	131	16	policy	policy	NOUN
fbem-13331	131	17	point	point	NOUN
fbem-13331	131	18	2013	2013	NUM
fbem-13331	131	19	as	as	ADP
fbem-13331	131	20	a	a	DET
fbem-13331	131	21	policy	policy	NOUN
fbem-13331	131	22	point	point	NOUN
fbem-13331	131	23	(	(	PUNCT
fbem-13331	131	24	1	1	NUM
fbem-13331	131	25	)	)	PUNCT
fbem-13331	131	26	(	(	PUNCT
fbem-13331	131	27	2	2	NUM
fbem-13331	131	28	)	)	PUNCT
fbem-13331	131	29	(	(	PUNCT
fbem-13331	131	30	3	3	X
fbem-13331	131	31	)	)	PUNCT
fbem-13331	131	32	bas_innov	bas_innov	NOUN
fbem-13331	131	33	bas_innov	bas_innov	NOUN
fbem-13331	131	34	bas_innov	bas_innov	VERB
fbem-13331	131	35	pol	pol	PROPN
fbem-13331	131	36	0.5156	0.5156	PROPN
fbem-13331	131	37	*	*	PUNCT
fbem-13331	131	38	*	*	PUNCT
fbem-13331	131	39	*	*	PUNCT
fbem-13331	131	40	(	(	PUNCT
fbem-13331	131	41	2.8817	2.8817	NUM
fbem-13331	131	42	)	)	PUNCT
fbem-13331	131	43	pol_2010	pol_2010	NOUN
fbem-13331	132	1	2.1481	2.1481	NUM
fbem-13331	132	2	*	*	PUNCT
fbem-13331	132	3	*	*	PUNCT
fbem-13331	132	4	*	*	PUNCT
fbem-13331	132	5	(	(	PUNCT
fbem-13331	132	6	5.1424	5.1424	NUM
fbem-13331	132	7	)	)	PUNCT
fbem-13331	132	8	pol_2013	pol_2013	NUM
fbem-13331	133	1	0.4644	0.4644	NUM
fbem-13331	133	2	*	*	PUNCT
fbem-13331	133	3	*	*	PUNCT
fbem-13331	133	4	*	*	PUNCT
fbem-13331	133	5	(	(	PUNCT
fbem-13331	133	6	2.7988	2.7988	NUM
fbem-13331	133	7	)	)	PUNCT
fbem-13331	133	8	n	n	PRON
fbem-13331	133	9	1870	1870	NUM
fbem-13331	133	10	828	828	NUM
fbem-13331	133	11	846	846	NUM
fbem-13331	133	12	r2_a	r2_a	NOUN
fbem-13331	133	13	0.6352	0.6352	NUM
fbem-13331	133	14	0.6537	0.6537	NUM
fbem-13331	133	15	0.6320	0.6320	NUM
fbem-13331	133	16	4.4	4.4	NUM
fbem-13331	133	17	.	.	PUNCT
fbem-13331	134	1	robustness	robustness	NOUN
fbem-13331	134	2	test	test	NOUN
fbem-13331	134	3	4.4.1	4.4.1	NUM
fbem-13331	134	4	.	.	PUNCT
fbem-13331	135	1	replacement	replacement	NOUN
fbem-13331	135	2	of	of	ADP
fbem-13331	135	3	explained	explain	VERB
fbem-13331	135	4	variables	variable	NOUN
fbem-13331	135	5	some	some	DET
fbem-13331	135	6	scholars	scholar	NOUN
fbem-13331	135	7	believe	believe	VERB
fbem-13331	135	8	that	that	SCONJ
fbem-13331	135	9	the	the	DET
fbem-13331	135	10	time	time	NOUN
fbem-13331	135	11	required	require	VERB
fbem-13331	135	12	from	from	ADP
fbem-13331	135	13	enterprise	enterprise	NOUN
fbem-13331	135	14	r&d	r&d	NOUN
fbem-13331	135	15	investment	investment	NOUN
fbem-13331	135	16	to	to	ADP
fbem-13331	135	17	patent	patent	NOUN
fbem-13331	135	18	grant	grant	NOUN
fbem-13331	135	19	is	be	AUX
fbem-13331	135	20	uncertain	uncertain	ADJ
fbem-13331	135	21	,	,	PUNCT
fbem-13331	135	22	so	so	ADV
fbem-13331	135	23	drawing	draw	VERB
fbem-13331	135	24	on	on	ADP
fbem-13331	135	25	wu	wu	PROPN
fbem-13331	136	1	you	you	PRON
fbem-13331	136	2	and	and	CCONJ
fbem-13331	136	3	dong	dong	PROPN
fbem-13331	136	4	jing	jing	PROPN
fbem-13331	136	5	(	(	PUNCT
fbem-13331	136	6	2022	2022	NUM
fbem-13331	136	7	)	)	PUNCT
fbem-13331	136	8	,	,	PUNCT
fbem-13331	136	9	the	the	DET
fbem-13331	136	10	number	number	NOUN
fbem-13331	136	11	of	of	ADP
fbem-13331	136	12	patent	patent	NOUN
fbem-13331	136	13	applications	application	NOUN
fbem-13331	136	14	in	in	ADP
fbem-13331	136	15	the	the	DET
fbem-13331	136	16	current	current	ADJ
fbem-13331	136	17	year	year	NOUN
fbem-13331	136	18	of	of	ADP
fbem-13331	136	19	the	the	DET
fbem-13331	136	20	enterprise	enterprise	NOUN
fbem-13331	136	21	as	as	ADP
fbem-13331	136	22	a	a	DET
fbem-13331	136	23	proxy	proxy	NOUN
fbem-13331	136	24	for	for	ADP
fbem-13331	136	25	enterprise	enterprise	NOUN
fbem-13331	136	26	innovation	innovation	NOUN
fbem-13331	136	27	,	,	PUNCT
fbem-13331	136	28	the	the	DET
fbem-13331	136	29	number	number	NOUN
fbem-13331	136	30	of	of	ADP
fbem-13331	136	31	patent	patent	NOUN
fbem-13331	136	32	applications	application	NOUN
fbem-13331	136	33	for	for	ADP
fbem-13331	136	34	inventions	invention	NOUN
fbem-13331	136	35	in	in	ADP
fbem-13331	136	36	the	the	DET
fbem-13331	136	37	current	current	ADJ
fbem-13331	136	38	year	year	NOUN
fbem-13331	136	39	of	of	ADP
fbem-13331	136	40	the	the	DET
fbem-13331	136	41	enterprise	enterprise	NOUN
fbem-13331	136	42	plus	plus	CCONJ
fbem-13331	136	43	one	one	NUM
fbem-13331	136	44	to	to	PART
fbem-13331	136	45	take	take	VERB
fbem-13331	136	46	the	the	DET
fbem-13331	136	47	logarithm	logarithm	NOUN
fbem-13331	136	48	of	of	ADP
fbem-13331	136	49	the	the	DET
fbem-13331	136	50	number	number	NOUN
fbem-13331	136	51	of	of	ADP
fbem-13331	136	52	applications	application	NOUN
fbem-13331	136	53	as	as	ADP
fbem-13331	136	54	a	a	DET
fbem-13331	136	55	basic	basic	ADJ
fbem-13331	136	56	innovation	innovation	NOUN
fbem-13331	136	57	(	(	PUNCT
fbem-13331	136	58	bas_innov1	bas_innov1	NUM
fbem-13331	136	59	)	)	PUNCT
fbem-13331	136	60	as	as	ADP
fbem-13331	136	61	a	a	DET
fbem-13331	136	62	proxy	proxy	NOUN
fbem-13331	136	63	indicator	indicator	NOUN
fbem-13331	136	64	,	,	PUNCT
fbem-13331	136	65	the	the	DET
fbem-13331	136	66	test	test	NOUN
fbem-13331	136	67	results	result	NOUN
fbem-13331	136	68	shown	show	VERB
fbem-13331	136	69	in	in	ADP
fbem-13331	136	70	table	table	NOUN
fbem-13331	136	71	5	5	NUM
fbem-13331	136	72	,	,	PUNCT
fbem-13331	136	73	column	column	NOUN
fbem-13331	136	74	(	(	PUNCT
fbem-13331	136	75	1	1	NUM
fbem-13331	136	76	)	)	PUNCT
fbem-13331	136	77	,	,	PUNCT
fbem-13331	136	78	the	the	DET
fbem-13331	136	79	test	test	NOUN
fbem-13331	136	80	results	result	NOUN
fbem-13331	136	81	are	be	AUX
fbem-13331	136	82	basically	basically	ADV
fbem-13331	136	83	the	the	DET
fbem-13331	136	84	same	same	ADJ
fbem-13331	136	85	as	as	ADP
fbem-13331	136	86	the	the	DET
fbem-13331	136	87	baseline	baseline	NOUN
fbem-13331	136	88	the	the	DET
fbem-13331	136	89	test	test	NOUN
fbem-13331	136	90	results	result	NOUN
fbem-13331	136	91	are	be	AUX
fbem-13331	136	92	basically	basically	ADV
fbem-13331	136	93	consistent	consistent	ADJ
fbem-13331	136	94	with	with	ADP
fbem-13331	136	95	the	the	DET
fbem-13331	136	96	baseline	baseline	NOUN
fbem-13331	136	97	regression	regression	NOUN
fbem-13331	136	98	results	result	NOUN
fbem-13331	136	99	.	.	PUNCT
fbem-13331	137	1	4.4.2	4.4.2	X
fbem-13331	137	2	.	.	PUNCT
fbem-13331	138	1	excluding	exclude	VERB
fbem-13331	138	2	samples	sample	NOUN
fbem-13331	138	3	with	with	ADP
fbem-13331	138	4	investment	investment	NOUN
fbem-13331	138	5	events	event	NOUN
fbem-13331	138	6	in	in	ADP
fbem-13331	138	7	core	core	ADJ
fbem-13331	138	8	cities	city	NOUN
fbem-13331	138	9	developed	develop	VERB
fbem-13331	138	10	regions	region	NOUN
fbem-13331	138	11	tend	tend	VERB
fbem-13331	138	12	to	to	PART
fbem-13331	138	13	have	have	VERB
fbem-13331	138	14	stronger	strong	ADJ
fbem-13331	138	15	innovation	innovation	NOUN
fbem-13331	138	16	and	and	CCONJ
fbem-13331	138	17	entrepreneurship	entrepreneurship	NOUN
fbem-13331	138	18	capabilities	capability	NOUN
fbem-13331	138	19	,	,	PUNCT
fbem-13331	138	20	a	a	DET
fbem-13331	138	21	greater	great	ADJ
fbem-13331	138	22	concentration	concentration	NOUN
fbem-13331	138	23	of	of	ADP
fbem-13331	138	24	highquality	highquality	NOUN
fbem-13331	138	25	projects	project	NOUN
fbem-13331	138	26	and	and	CCONJ
fbem-13331	138	27	venture	venture	NOUN
fbem-13331	138	28	capital	capital	NOUN
fbem-13331	138	29	institutions	institution	NOUN
fbem-13331	138	30	,	,	PUNCT
fbem-13331	138	31	and	and	CCONJ
fbem-13331	138	32	a	a	DET
fbem-13331	138	33	higher	high	ADJ
fbem-13331	138	34	frequency	frequency	NOUN
fbem-13331	138	35	of	of	ADP
fbem-13331	138	36	investment	investment	NOUN
fbem-13331	138	37	events	event	NOUN
fbem-13331	138	38	,	,	PUNCT
fbem-13331	138	39	and	and	CCONJ
fbem-13331	138	40	the	the	DET
fbem-13331	138	41	degree	degree	NOUN
fbem-13331	138	42	of	of	ADP
fbem-13331	138	43	local	local	ADJ
fbem-13331	138	44	preference	preference	NOUN
fbem-13331	138	45	of	of	ADP
fbem-13331	138	46	vcs	vcs	PROPN
fbem-13331	138	47	is	be	AUX
fbem-13331	138	48	affected	affect	VERB
fbem-13331	138	49	in	in	ADP
fbem-13331	138	50	both	both	DET
fbem-13331	138	51	directions	direction	NOUN
fbem-13331	138	52	by	by	ADP
fbem-13331	138	53	the	the	DET
fbem-13331	138	54	selection	selection	NOUN
fbem-13331	138	55	advantage	advantage	NOUN
fbem-13331	138	56	brought	bring	VERB
fbem-13331	138	57	by	by	ADP
fbem-13331	138	58	the	the	DET
fbem-13331	138	59	agglomeration	agglomeration	NOUN
fbem-13331	138	60	of	of	ADP
fbem-13331	138	61	enterprises	enterprise	NOUN
fbem-13331	138	62	as	as	ADV
fbem-13331	138	63	well	well	ADV
fbem-13331	138	64	as	as	ADP
fbem-13331	138	65	the	the	DET
fbem-13331	138	66	competition	competition	NOUN
fbem-13331	138	67	harshness	harshness	NOUN
fbem-13331	138	68	brought	bring	VERB
fbem-13331	138	69	by	by	ADP
fbem-13331	138	70	the	the	DET
fbem-13331	138	71	agglomeration	agglomeration	NOUN
fbem-13331	138	72	of	of	ADP
fbem-13331	138	73	venture	venture	NOUN
fbem-13331	138	74	capitalists	capitalist	NOUN
fbem-13331	138	75	(	(	PUNCT
fbem-13331	138	76	wang	wang	PROPN
fbem-13331	138	77	xi	xi	PROPN
fbem-13331	138	78	et	et	PROPN
fbem-13331	138	79	al	al	PROPN
fbem-13331	138	80	.	.	PROPN
fbem-13331	138	81	,	,	PUNCT
fbem-13331	138	82	2013	2013	NUM
fbem-13331	138	83	;	;	PUNCT
fbem-13331	138	84	zhang	zhang	PROPN
fbem-13331	138	85	xueyong	xueyong	PROPN
fbem-13331	138	86	et	et	PROPN
fbem-13331	138	87	al	al	PROPN
fbem-13331	138	88	.	.	PROPN
fbem-13331	138	89	,	,	PUNCT
fbem-13331	138	90	2016	2016	NUM
fbem-13331	138	91	)	)	PUNCT
fbem-13331	138	92	,	,	PUNCT
fbem-13331	138	93	so	so	CCONJ
fbem-13331	138	94	there	there	PRON
fbem-13331	138	95	is	be	VERB
fbem-13331	138	96	uncertainty	uncertainty	NOUN
fbem-13331	138	97	in	in	ADP
fbem-13331	138	98	the	the	DET
fbem-13331	138	99	investment	investment	NOUN
fbem-13331	138	100	strategies	strategy	NOUN
fbem-13331	138	101	of	of	ADP
fbem-13331	138	102	vcs	vcs	PROPN
fbem-13331	138	103	in	in	ADP
fbem-13331	138	104	core	core	ADJ
fbem-13331	138	105	cities	city	NOUN
fbem-13331	138	106	relative	relative	ADJ
fbem-13331	138	107	to	to	ADP
fbem-13331	138	108	other	other	ADJ
fbem-13331	138	109	cities	city	NOUN
fbem-13331	138	110	.	.	PUNCT
fbem-13331	139	1	in	in	ADP
fbem-13331	139	2	order	order	NOUN
fbem-13331	139	3	to	to	PART
fbem-13331	139	4	circumvent	circumvent	VERB
fbem-13331	139	5	the	the	DET
fbem-13331	139	6	error	error	NOUN
fbem-13331	139	7	generated	generate	VERB
fbem-13331	139	8	by	by	ADP
fbem-13331	139	9	investment	investment	NOUN
fbem-13331	139	10	events	event	NOUN
fbem-13331	139	11	in	in	ADP
fbem-13331	139	12	core	core	ADJ
fbem-13331	139	13	cities	city	NOUN
fbem-13331	139	14	,	,	PUNCT
fbem-13331	139	15	this	this	DET
fbem-13331	139	16	paper	paper	NOUN
fbem-13331	139	17	will	will	AUX
fbem-13331	139	18	exclude	exclude	VERB
fbem-13331	139	19	investment	investment	NOUN
fbem-13331	139	20	events	event	NOUN
fbem-13331	139	21	occurring	occur	VERB
fbem-13331	139	22	in	in	ADP
fbem-13331	139	23	shanghai	shanghai	PROPN
fbem-13331	139	24	[	[	PUNCT
fbem-13331	139	25	the	the	DET
fbem-13331	139	26	outline	outline	NOUN
fbem-13331	139	27	of	of	ADP
fbem-13331	139	28	the	the	DET
fbem-13331	139	29	plan	plan	NOUN
fbem-13331	139	30	for	for	ADP
fbem-13331	139	31	the	the	DET
fbem-13331	139	32	integrated	integrate	VERB
fbem-13331	139	33	development	development	NOUN
fbem-13331	139	34	of	of	ADP
fbem-13331	139	35	the	the	DET
fbem-13331	139	36	yangtze	yangtze	PROPN
fbem-13331	139	37	river	river	PROPN
fbem-13331	139	38	delta	delta	PROPN
fbem-13331	139	39	region	region	NOUN
fbem-13331	139	40	issued	issue	VERB
fbem-13331	139	41	by	by	ADP
fbem-13331	139	42	the	the	DET
fbem-13331	139	43	state	state	PROPN
fbem-13331	139	44	council	council	PROPN
fbem-13331	139	45	in	in	ADP
fbem-13331	139	46	2019	2019	NUM
fbem-13331	139	47	positions	position	NOUN
fbem-13331	139	48	shanghai	shanghai	PROPN
fbem-13331	139	49	as	as	ADP
fbem-13331	139	50	a	a	DET
fbem-13331	139	51	core	core	NOUN
fbem-13331	139	52	city	city	NOUN
fbem-13331	139	53	in	in	ADP
fbem-13331	139	54	the	the	DET
fbem-13331	139	55	yangtze	yangtze	PROPN
fbem-13331	139	56	river	river	PROPN
fbem-13331	139	57	delta	delta	PROPN
fbem-13331	139	58	region	region	NOUN
fbem-13331	139	59	]	]	PUNCT
fbem-13331	139	60	.	.	PUNCT
fbem-13331	140	1	the	the	DET
fbem-13331	140	2	samples	sample	NOUN
fbem-13331	140	3	are	be	AUX
fbem-13331	140	4	tested	test	VERB
fbem-13331	140	5	for	for	ADP
fbem-13331	140	6	robustness	robustness	NOUN
fbem-13331	140	7	.	.	PUNCT
fbem-13331	141	1	as	as	SCONJ
fbem-13331	141	2	shown	show	VERB
fbem-13331	141	3	in	in	ADP
fbem-13331	141	4	table	table	NOUN
fbem-13331	141	5	5	5	NUM
fbem-13331	141	6	,	,	PUNCT
fbem-13331	141	7	paragraph	paragraph	NOUN
fbem-13331	141	8	(	(	PUNCT
fbem-13331	141	9	2	2	NUM
fbem-13331	141	10	)	)	PUNCT
fbem-13331	141	11	,	,	PUNCT
fbem-13331	141	12	the	the	DET
fbem-13331	141	13	regression	regression	NOUN
fbem-13331	141	14	results	result	NOUN
fbem-13331	141	15	are	be	AUX
fbem-13331	141	16	basically	basically	ADV
fbem-13331	141	17	consistent	consistent	ADJ
fbem-13331	141	18	after	after	ADP
fbem-13331	141	19	excluding	exclude	VERB
fbem-13331	141	20	the	the	DET
fbem-13331	141	21	sample	sample	NOUN
fbem-13331	141	22	.	.	PUNCT
fbem-13331	142	1	4.4.3	4.4.3	NUM
fbem-13331	142	2	.	.	PUNCT
fbem-13331	142	3	psm	psm	NOUN
fbem-13331	142	4	-	-	PUNCT
fbem-13331	142	5	did	do	AUX
fbem-13331	142	6	it	it	PRON
fbem-13331	142	7	is	be	AUX
fbem-13331	142	8	difficult	difficult	ADJ
fbem-13331	142	9	to	to	PART
fbem-13331	142	10	influence	influence	VERB
fbem-13331	142	11	the	the	DET
fbem-13331	142	12	implementation	implementation	NOUN
fbem-13331	142	13	of	of	ADP
fbem-13331	142	14	the	the	DET
fbem-13331	142	15	core	core	ADJ
fbem-13331	142	16	explanatory	explanatory	ADJ
fbem-13331	142	17	variable	variable	ADJ
fbem-13331	142	18	regional	regional	ADJ
fbem-13331	142	19	integration	integration	NOUN
fbem-13331	142	20	policy	policy	NOUN
fbem-13331	142	21	with	with	ADP
fbem-13331	142	22	firmbased	firmbase	VERB
fbem-13331	142	23	innovation	innovation	NOUN
fbem-13331	142	24	as	as	ADP
fbem-13331	142	25	the	the	DET
fbem-13331	142	26	explanatory	explanatory	ADJ
fbem-13331	142	27	variable	variable	NOUN
fbem-13331	142	28	,	,	PUNCT
fbem-13331	142	29	which	which	PRON
fbem-13331	142	30	alleviates	alleviate	VERB
fbem-13331	142	31	the	the	DET
fbem-13331	142	32	endogeneity	endogeneity	NOUN
fbem-13331	142	33	problem	problem	NOUN
fbem-13331	142	34	caused	cause	VERB
fbem-13331	142	35	by	by	ADP
fbem-13331	142	36	reverse	reverse	ADJ
fbem-13331	142	37	causality	causality	NOUN
fbem-13331	142	38	to	to	ADP
fbem-13331	142	39	a	a	DET
fbem-13331	142	40	certain	certain	ADJ
fbem-13331	142	41	extent	extent	NOUN
fbem-13331	142	42	.	.	PUNCT
fbem-13331	143	1	in	in	ADP
fbem-13331	143	2	addition	addition	NOUN
fbem-13331	143	3	,	,	PUNCT
fbem-13331	143	4	this	this	DET
fbem-13331	143	5	paper	paper	NOUN
fbem-13331	143	6	will	will	AUX
fbem-13331	143	7	use	use	VERB
fbem-13331	143	8	the	the	DET
fbem-13331	143	9	psm	psm	NOUN
fbem-13331	143	10	-	-	PUNCT
fbem-13331	143	11	did	did	ADJ
fbem-13331	143	12	model	model	NOUN
fbem-13331	143	13	to	to	PART
fbem-13331	143	14	test	test	VERB
fbem-13331	143	15	whether	whether	SCONJ
fbem-13331	143	16	there	there	PRON
fbem-13331	143	17	is	be	VERB
fbem-13331	143	18	a	a	DET
fbem-13331	143	19	sample	sample	NOUN
fbem-13331	143	20	selection	selection	NOUN
fbem-13331	143	21	problem	problem	NOUN
fbem-13331	143	22	.	.	PUNCT
fbem-13331	144	1	columns	column	NOUN
fbem-13331	144	2	(	(	PUNCT
fbem-13331	144	3	3	3	NUM
fbem-13331	144	4	)	)	PUNCT
fbem-13331	144	5	of	of	ADP
fbem-13331	144	6	table	table	NOUN
fbem-13331	144	7	5	5	NUM
fbem-13331	144	8	report	report	VERB
fbem-13331	144	9	the	the	DET
fbem-13331	144	10	results	result	NOUN
fbem-13331	144	11	of	of	ADP
fbem-13331	144	12	psm	psm	NOUN
fbem-13331	144	13	-	-	PUNCT
fbem-13331	144	14	did	do	AUX
fbem-13331	144	15	,	,	PUNCT
fbem-13331	144	16	which	which	PRON
fbem-13331	144	17	are	be	AUX
fbem-13331	144	18	consistent	consistent	ADJ
fbem-13331	144	19	with	with	ADP
fbem-13331	144	20	the	the	DET
fbem-13331	144	21	benchmark	benchmark	ADJ
fbem-13331	144	22	regression	regression	NOUN
fbem-13331	144	23	results	result	NOUN
fbem-13331	144	24	,	,	PUNCT
fbem-13331	144	25	further	far	ADV
fbem-13331	144	26	indicating	indicate	VERB
fbem-13331	144	27	the	the	DET
fbem-13331	144	28	robustness	robustness	NOUN
fbem-13331	144	29	of	of	ADP
fbem-13331	144	30	the	the	DET
fbem-13331	144	31	results	result	NOUN
fbem-13331	144	32	.	.	PUNCT
fbem-13331	145	1	table	table	NOUN
fbem-13331	145	2	5	5	NUM
fbem-13331	145	3	.	.	PUNCT
fbem-13331	146	1	replacement	replacement	NOUN
fbem-13331	146	2	of	of	ADP
fbem-13331	146	3	explained	explain	VERB
fbem-13331	146	4	variables	variable	NOUN
fbem-13331	146	5	,	,	PUNCT
fbem-13331	146	6	excluded	exclude	VERB
fbem-13331	146	7	sample	sample	NOUN
fbem-13331	146	8	robustness	robustness	NOUN
fbem-13331	146	9	tests	test	NOUN
fbem-13331	146	10	and	and	CCONJ
fbem-13331	146	11	psm	psm	NOUN
fbem-13331	146	12	-	-	PUNCT
fbem-13331	146	13	did	do	AUX
fbem-13331	146	14	results	result	NOUN
fbem-13331	146	15	(	(	PUNCT
fbem-13331	146	16	1	1	NUM
fbem-13331	146	17	)	)	PUNCT
fbem-13331	146	18	(	(	PUNCT
fbem-13331	146	19	2	2	NUM
fbem-13331	146	20	)	)	PUNCT
fbem-13331	146	21	(	(	PUNCT
fbem-13331	146	22	3	3	X
fbem-13331	146	23	)	)	PUNCT
fbem-13331	146	24	bas_innov1	bas_innov1	NOUN
fbem-13331	146	25	bas_innov	bas_innov	NOUN
fbem-13331	146	26	bas_innov	bas_innov	VERB
fbem-13331	146	27	pol	pol	NOUN
fbem-13331	146	28	0.5387	0.5387	NUM
fbem-13331	146	29	*	*	PUNCT
fbem-13331	146	30	*	*	PUNCT
fbem-13331	146	31	0.5416	0.5416	NUM
fbem-13331	146	32	*	*	PUNCT
fbem-13331	146	33	*	*	PUNCT
fbem-13331	146	34	*	*	PUNCT
fbem-13331	146	35	0.5248	0.5248	PUNCT
fbem-13331	146	36	*	*	PUNCT
fbem-13331	146	37	*	*	PUNCT
fbem-13331	146	38	*	*	PUNCT
fbem-13331	146	39	(	(	PUNCT
fbem-13331	146	40	2.1618	2.1618	NUM
fbem-13331	146	41	)	)	PUNCT
fbem-13331	146	42	(	(	PUNCT
fbem-13331	146	43	2.9882	2.9882	NUM
fbem-13331	146	44	)	)	PUNCT
fbem-13331	146	45	(	(	PUNCT
fbem-13331	146	46	2.9732	2.9732	NUM
fbem-13331	146	47	)	)	PUNCT
fbem-13331	146	48	n	n	PRON
fbem-13331	146	49	1870	1870	NUM
fbem-13331	146	50	1676	1676	NUM
fbem-13331	146	51	1870	1870	NUM
fbem-13331	146	52	r2_a	r2_a	NOUN
fbem-13331	146	53	0.6827	0.6827	NUM
fbem-13331	146	54	0.6379	0.6379	NUM
fbem-13331	146	55	0.6394	0.6394	NUM
fbem-13331	146	56	282	282	NUM
fbem-13331	146	57	4.4.4	4.4.4	NUM
fbem-13331	146	58	.	.	PUNCT
fbem-13331	147	1	placebo	placebo	NOUN
fbem-13331	147	2	test	test	NOUN
fbem-13331	147	3	①time	①time	PUNCT
fbem-13331	147	4	placebo	placebo	NOUN
fbem-13331	147	5	test	test	NOUN
fbem-13331	147	6	in	in	ADP
fbem-13331	147	7	order	order	NOUN
fbem-13331	147	8	to	to	PART
fbem-13331	147	9	avoid	avoid	VERB
fbem-13331	147	10	that	that	SCONJ
fbem-13331	147	11	the	the	DET
fbem-13331	147	12	difference	difference	NOUN
fbem-13331	147	13	in	in	ADP
fbem-13331	147	14	patent	patent	NOUN
fbem-13331	147	15	output	output	NOUN
fbem-13331	147	16	between	between	ADP
fbem-13331	147	17	enterprises	enterprise	NOUN
fbem-13331	147	18	in	in	ADP
fbem-13331	147	19	the	the	DET
fbem-13331	147	20	control	control	NOUN
fbem-13331	147	21	group	group	NOUN
fbem-13331	147	22	and	and	CCONJ
fbem-13331	147	23	enterprises	enterprise	NOUN
fbem-13331	147	24	in	in	ADP
fbem-13331	147	25	the	the	DET
fbem-13331	147	26	treatment	treatment	NOUN
fbem-13331	147	27	group	group	NOUN
fbem-13331	147	28	is	be	AUX
fbem-13331	147	29	caused	cause	VERB
fbem-13331	147	30	by	by	ADP
fbem-13331	147	31	time	time	NOUN
fbem-13331	147	32	change	change	NOUN
fbem-13331	147	33	.	.	PUNCT
fbem-13331	148	1	in	in	ADP
fbem-13331	148	2	this	this	DET
fbem-13331	148	3	paper	paper	NOUN
fbem-13331	148	4	,	,	PUNCT
fbem-13331	148	5	the	the	DET
fbem-13331	148	6	policy	policy	NOUN
fbem-13331	148	7	time	time	NOUN
fbem-13331	148	8	point	point	NOUN
fbem-13331	148	9	is	be	AUX
fbem-13331	148	10	advanced	advance	VERB
fbem-13331	148	11	by	by	ADP
fbem-13331	148	12	1	1	NUM
fbem-13331	148	13	year	year	NOUN
fbem-13331	148	14	,	,	PUNCT
fbem-13331	148	15	2	2	NUM
fbem-13331	148	16	years	year	NOUN
fbem-13331	148	17	and	and	CCONJ
fbem-13331	148	18	4	4	NUM
fbem-13331	148	19	years	year	NOUN
fbem-13331	148	20	,	,	PUNCT
fbem-13331	148	21	respectively	respectively	ADV
fbem-13331	148	22	,	,	PUNCT
fbem-13331	148	23	to	to	PART
fbem-13331	148	24	construct	construct	VERB
fbem-13331	148	25	the	the	DET
fbem-13331	148	26	false	false	ADJ
fbem-13331	148	27	policy	policy	NOUN
fbem-13331	148	28	time	time	NOUN
fbem-13331	148	29	,	,	PUNCT
fbem-13331	148	30	which	which	PRON
fbem-13331	148	31	is	be	AUX
fbem-13331	148	32	represented	represent	VERB
fbem-13331	148	33	by	by	ADP
fbem-13331	148	34	pol_false1	pol_false1	NOUN
fbem-13331	148	35	,	,	PUNCT
fbem-13331	148	36	pol_false2	pol_false2	PROPN
fbem-13331	148	37	and	and	CCONJ
fbem-13331	148	38	pol_false4	pol_false4	NOUN
fbem-13331	148	39	,	,	PUNCT
fbem-13331	148	40	respectively	respectively	ADV
fbem-13331	148	41	,	,	PUNCT
fbem-13331	148	42	and	and	CCONJ
fbem-13331	148	43	replace	replace	VERB
fbem-13331	148	44	the	the	DET
fbem-13331	148	45	pol	pol	NOUN
fbem-13331	148	46	in	in	ADP
fbem-13331	148	47	model	model	NOUN
fbem-13331	148	48	(	(	PUNCT
fbem-13331	148	49	1	1	NUM
fbem-13331	148	50	)	)	PUNCT
fbem-13331	148	51	to	to	PART
fbem-13331	148	52	carry	carry	VERB
fbem-13331	148	53	out	out	ADP
fbem-13331	148	54	the	the	DET
fbem-13331	148	55	regression	regression	NOUN
fbem-13331	148	56	.	.	PUNCT
fbem-13331	149	1	the	the	DET
fbem-13331	149	2	results	result	NOUN
fbem-13331	149	3	are	be	AUX
fbem-13331	149	4	shown	show	VERB
fbem-13331	149	5	in	in	ADP
fbem-13331	149	6	table	table	NOUN
fbem-13331	149	7	7	7	NUM
fbem-13331	149	8	,	,	PUNCT
fbem-13331	149	9	none	none	NOUN
fbem-13331	149	10	of	of	ADP
fbem-13331	149	11	the	the	DET
fbem-13331	149	12	policy	policy	NOUN
fbem-13331	149	13	time	time	NOUN
fbem-13331	149	14	advance	advance	NOUN
fbem-13331	149	15	passes	pass	VERB
fbem-13331	149	16	the	the	DET
fbem-13331	149	17	significance	significance	NOUN
fbem-13331	149	18	test	test	NOUN
fbem-13331	149	19	.	.	PUNCT
fbem-13331	150	1	this	this	PRON
fbem-13331	150	2	indicates	indicate	VERB
fbem-13331	150	3	that	that	SCONJ
fbem-13331	150	4	there	there	PRON
fbem-13331	150	5	is	be	VERB
fbem-13331	150	6	no	no	DET
fbem-13331	150	7	significant	significant	ADJ
fbem-13331	150	8	difference	difference	NOUN
fbem-13331	150	9	between	between	ADP
fbem-13331	150	10	the	the	DET
fbem-13331	150	11	treatment	treatment	NOUN
fbem-13331	150	12	and	and	CCONJ
fbem-13331	150	13	control	control	NOUN
fbem-13331	150	14	group	group	NOUN
fbem-13331	150	15	samples	sample	NOUN
fbem-13331	150	16	in	in	ADP
fbem-13331	150	17	terms	term	NOUN
fbem-13331	150	18	of	of	ADP
fbem-13331	150	19	time	time	NOUN
fbem-13331	150	20	trends	trend	NOUN
fbem-13331	150	21	,	,	PUNCT
fbem-13331	150	22	again	again	ADV
fbem-13331	150	23	demonstrating	demonstrate	VERB
fbem-13331	150	24	that	that	PRON
fbem-13331	150	25	regional	regional	ADJ
fbem-13331	150	26	integration	integration	NOUN
fbem-13331	150	27	policies	policy	NOUN
fbem-13331	150	28	can	can	AUX
fbem-13331	150	29	significantly	significantly	ADV
fbem-13331	150	30	increase	increase	VERB
fbem-13331	150	31	the	the	DET
fbem-13331	150	32	level	level	NOUN
fbem-13331	150	33	of	of	ADP
fbem-13331	150	34	basic	basic	ADJ
fbem-13331	150	35	innovation	innovation	NOUN
fbem-13331	150	36	in	in	ADP
fbem-13331	150	37	firms	firm	NOUN
fbem-13331	150	38	with	with	ADP
fbem-13331	150	39	venture	venture	NOUN
fbem-13331	150	40	capital	capital	NOUN
fbem-13331	150	41	intervention	intervention	NOUN
fbem-13331	150	42	.	.	PUNCT
fbem-13331	151	1	table	table	NOUN
fbem-13331	151	2	6	6	NUM
fbem-13331	151	3	.	.	NOUN
fbem-13331	151	4	time	time	NOUN
fbem-13331	151	5	placebo	placebo	NOUN
fbem-13331	151	6	test	test	NOUN
fbem-13331	151	7	(	(	PUNCT
fbem-13331	151	8	1	1	NUM
fbem-13331	151	9	)	)	PUNCT
fbem-13331	151	10	(	(	PUNCT
fbem-13331	151	11	2	2	NUM
fbem-13331	151	12	)	)	PUNCT
fbem-13331	151	13	(	(	PUNCT
fbem-13331	151	14	3	3	X
fbem-13331	151	15	)	)	PUNCT
fbem-13331	151	16	bas_innov	bas_innov	NOUN
fbem-13331	151	17	bas_innov	bas_innov	NOUN
fbem-13331	151	18	bas_innov	bas_innov	X
fbem-13331	151	19	pol_false1	pol_false1	VERB
fbem-13331	151	20	0.2582	0.2582	NUM
fbem-13331	151	21	(	(	PUNCT
fbem-13331	151	22	1.2897	1.2897	NUM
fbem-13331	151	23	)	)	PUNCT
fbem-13331	151	24	pol_false2	pol_false2	NOUN
fbem-13331	151	25	0.0490	0.0490	NUM
fbem-13331	151	26	(	(	PUNCT
fbem-13331	151	27	0.2219	0.2219	NUM
fbem-13331	151	28	)	)	PUNCT
fbem-13331	151	29	pol_false4	pol_false4	NOUN
fbem-13331	151	30	-0.3935	-0.3935	NOUN
fbem-13331	151	31	(	(	PUNCT
fbem-13331	151	32	-1.4175	-1.4175	NOUN
fbem-13331	151	33	)	)	PUNCT
fbem-13331	152	1	n	n	CCONJ
fbem-13331	152	2	1870	1870	NUM
fbem-13331	152	3	1870	1870	NUM
fbem-13331	152	4	1870	1870	NUM
fbem-13331	152	5	r2_a	r2_a	VERB
fbem-13331	152	6	0.6332	0.6332	NUM
fbem-13331	152	7	0.6327	0.6327	NUM
fbem-13331	152	8	0.6333	0.6333	NUM
fbem-13331	152	9	change	change	NOUN
fbem-13331	153	1	the	the	DET
fbem-13331	153	2	treatment	treatment	NOUN
fbem-13331	153	3	group	group	NOUN
fbem-13331	153	4	by	by	ADP
fbem-13331	153	5	randomly	randomly	ADV
fbem-13331	153	6	setting	set	VERB
fbem-13331	153	7	the	the	DET
fbem-13331	153	8	"	"	PUNCT
fbem-13331	153	9	pseudo	pseudo	NOUN
fbem-13331	153	10	"	"	PUNCT
fbem-13331	153	11	treatment	treatment	NOUN
fbem-13331	153	12	group	group	NOUN
fbem-13331	153	13	method	method	NOUN
fbem-13331	153	14	to	to	PART
fbem-13331	153	15	exclude	exclude	VERB
fbem-13331	153	16	the	the	DET
fbem-13331	153	17	influence	influence	NOUN
fbem-13331	153	18	of	of	ADP
fbem-13331	153	19	unpredictable	unpredictable	ADJ
fbem-13331	153	20	factors	factor	NOUN
fbem-13331	153	21	on	on	ADP
fbem-13331	153	22	the	the	DET
fbem-13331	153	23	policy	policy	NOUN
fbem-13331	153	24	effect	effect	NOUN
fbem-13331	153	25	,	,	PUNCT
fbem-13331	153	26	at	at	ADP
fbem-13331	153	27	this	this	DET
fbem-13331	153	28	time	time	NOUN
fbem-13331	153	29	,	,	PUNCT
fbem-13331	153	30	the	the	DET
fbem-13331	153	31	policy	policy	NOUN
fbem-13331	153	32	effect	effect	NOUN
fbem-13331	153	33	of	of	ADP
fbem-13331	153	34	regional	regional	ADJ
fbem-13331	153	35	integration	integration	NOUN
fbem-13331	153	36	should	should	AUX
fbem-13331	153	37	be	be	AUX
fbem-13331	153	38	insignificant	insignificant	ADJ
fbem-13331	153	39	,	,	PUNCT
fbem-13331	153	40	that	that	ADV
fbem-13331	153	41	is	is	ADV
fbem-13331	153	42	,	,	PUNCT
fbem-13331	153	43	the	the	DET
fbem-13331	153	44	regression	regression	NOUN
fbem-13331	153	45	coefficient	coefficient	NOUN
fbem-13331	153	46	of	of	ADP
fbem-13331	153	47	the	the	DET
fbem-13331	153	48	"	"	PUNCT
fbem-13331	153	49	pseudo	pseudo	NOUN
fbem-13331	153	50	"	"	PUNCT
fbem-13331	153	51	treatment	treatment	NOUN
fbem-13331	153	52	group	group	NOUN
fbem-13331	153	53	should	should	AUX
fbem-13331	153	54	be	be	AUX
fbem-13331	153	55	around	around	ADP
fbem-13331	153	56	the	the	DET
fbem-13331	153	57	zero	zero	NUM
fbem-13331	153	58	point	point	NOUN
fbem-13331	153	59	.	.	PUNCT
fbem-13331	154	1	the	the	DET
fbem-13331	154	2	model	model	NOUN
fbem-13331	154	3	was	be	AUX
fbem-13331	154	4	estimated	estimate	VERB
fbem-13331	154	5	by	by	ADP
fbem-13331	154	6	repeating	repeat	VERB
fbem-13331	154	7	the	the	DET
fbem-13331	154	8	stochastic	stochastic	ADJ
fbem-13331	154	9	process	process	NOUN
fbem-13331	154	10	500	500	NUM
fbem-13331	154	11	times	time	NOUN
fbem-13331	154	12	,	,	PUNCT
fbem-13331	154	13	and	and	CCONJ
fbem-13331	154	14	the	the	DET
fbem-13331	154	15	kernel	kernel	PROPN
fbem-13331	154	16	density	density	PROPN
fbem-13331	154	17	plot	plot	NOUN
fbem-13331	154	18	in	in	ADP
fbem-13331	154	19	figure	figure	NOUN
fbem-13331	154	20	5	5	NUM
fbem-13331	154	21	shows	show	VERB
fbem-13331	154	22	that	that	SCONJ
fbem-13331	154	23	the	the	DET
fbem-13331	154	24	mean	mean	NOUN
fbem-13331	154	25	of	of	ADP
fbem-13331	154	26	the	the	DET
fbem-13331	154	27	estimated	estimate	VERB
fbem-13331	154	28	coefficients	coefficient	NOUN
fbem-13331	154	29	for	for	ADP
fbem-13331	154	30	the	the	DET
fbem-13331	154	31	randomly	randomly	ADV
fbem-13331	154	32	selected	select	VERB
fbem-13331	154	33	treatment	treatment	NOUN
fbem-13331	154	34	group	group	NOUN
fbem-13331	154	35	falls	fall	VERB
fbem-13331	154	36	near	near	ADP
fbem-13331	154	37	zero	zero	NUM
fbem-13331	154	38	,	,	PUNCT
fbem-13331	154	39	with	with	ADP
fbem-13331	154	40	a	a	DET
fbem-13331	154	41	p	p	NOUN
fbem-13331	154	42	-	-	PUNCT
fbem-13331	154	43	value	value	NOUN
fbem-13331	154	44	of	of	ADP
fbem-13331	154	45	0.1	0.1	NUM
fbem-13331	154	46	or	or	CCONJ
fbem-13331	154	47	higher	high	ADJ
fbem-13331	154	48	,	,	PUNCT
fbem-13331	154	49	and	and	CCONJ
fbem-13331	154	50	the	the	DET
fbem-13331	154	51	actual	actual	ADJ
fbem-13331	154	52	estimated	estimate	VERB
fbem-13331	154	53	coefficient	coefficient	NOUN
fbem-13331	154	54	for	for	ADP
fbem-13331	154	55	regional	regional	ADJ
fbem-13331	154	56	integration	integration	NOUN
fbem-13331	154	57	is	be	AUX
fbem-13331	154	58	0.5156	0.5156	NUM
fbem-13331	154	59	,	,	PUNCT
fbem-13331	154	60	which	which	PRON
fbem-13331	154	61	is	be	AUX
fbem-13331	154	62	in	in	ADP
fbem-13331	154	63	the	the	DET
fbem-13331	154	64	range	range	NOUN
fbem-13331	154	65	of	of	ADP
fbem-13331	154	66	small	small	ADJ
fbem-13331	154	67	probability	probability	NOUN
fbem-13331	154	68	events	event	NOUN
fbem-13331	154	69	in	in	ADP
fbem-13331	154	70	the	the	DET
fbem-13331	154	71	figure	figure	NOUN
fbem-13331	154	72	below	below	ADV
fbem-13331	154	73	,	,	PUNCT
fbem-13331	154	74	again	again	ADV
fbem-13331	154	75	demonstrating	demonstrate	VERB
fbem-13331	154	76	the	the	DET
fbem-13331	154	77	robustness	robustness	NOUN
fbem-13331	154	78	of	of	ADP
fbem-13331	154	79	the	the	DET
fbem-13331	154	80	conclusions	conclusion	NOUN
fbem-13331	154	81	of	of	ADP
fbem-13331	154	82	the	the	DET
fbem-13331	154	83	study	study	NOUN
fbem-13331	154	84	.	.	PUNCT
fbem-13331	155	1	figure	figure	NOUN
fbem-13331	155	2	2	2	NUM
fbem-13331	155	3	.	.	PUNCT
fbem-13331	155	4	randomised	randomise	VERB
fbem-13331	155	5	setting	setting	NOUN
fbem-13331	155	6	of	of	ADP
fbem-13331	155	7	treatment	treatment	NOUN
fbem-13331	155	8	groups	group	NOUN
fbem-13331	155	9	5	5	NUM
fbem-13331	155	10	.	.	PUNCT
fbem-13331	155	11	further	further	ADJ
fbem-13331	155	12	analyses	analysis	NOUN
fbem-13331	155	13	5.1	5.1	NUM
fbem-13331	155	14	.	.	PUNCT
fbem-13331	156	1	mechanism	mechanism	NOUN
fbem-13331	156	2	examination	examination	NOUN
fbem-13331	156	3	of	of	ADP
fbem-13331	156	4	regional	regional	ADJ
fbem-13331	156	5	integration	integration	NOUN
fbem-13331	156	6	effects	effect	NOUN
fbem-13331	156	7	5.1.1	5.1.1	NOUN
fbem-13331	156	8	.	.	PUNCT
fbem-13331	156	9	mechanism	mechanism	NOUN
fbem-13331	156	10	test	test	NOUN
fbem-13331	156	11	model	model	NOUN
fbem-13331	156	12	construction	construction	NOUN
fbem-13331	156	13	the	the	DET
fbem-13331	156	14	above	above	ADJ
fbem-13331	156	15	has	have	AUX
fbem-13331	156	16	tested	test	VERB
fbem-13331	156	17	that	that	SCONJ
fbem-13331	156	18	regional	regional	ADJ
fbem-13331	156	19	integration	integration	NOUN
fbem-13331	156	20	policy	policy	NOUN
fbem-13331	156	21	plays	play	VERB
fbem-13331	156	22	a	a	DET
fbem-13331	156	23	facilitating	facilitate	VERB
fbem-13331	156	24	role	role	NOUN
fbem-13331	156	25	in	in	ADP
fbem-13331	156	26	the	the	DET
fbem-13331	156	27	basic	basic	ADJ
fbem-13331	156	28	innovation	innovation	NOUN
fbem-13331	156	29	of	of	ADP
fbem-13331	156	30	vc	vc	NOUN
fbem-13331	156	31	-	-	PUNCT
fbem-13331	156	32	intervened	intervene	VERB
fbem-13331	156	33	enterprises	enterprise	NOUN
fbem-13331	156	34	,	,	PUNCT
fbem-13331	156	35	in	in	ADP
fbem-13331	156	36	order	order	NOUN
fbem-13331	156	37	to	to	PART
fbem-13331	156	38	further	far	ADV
fbem-13331	156	39	test	test	VERB
fbem-13331	156	40	whether	whether	SCONJ
fbem-13331	156	41	it	it	PRON
fbem-13331	156	42	affects	affect	VERB
fbem-13331	156	43	the	the	DET
fbem-13331	156	44	basic	basic	ADJ
fbem-13331	156	45	innovation	innovation	NOUN
fbem-13331	156	46	of	of	ADP
fbem-13331	156	47	enterprises	enterprise	NOUN
fbem-13331	156	48	by	by	ADP
fbem-13331	156	49	shortening	shorten	VERB
fbem-13331	156	50	the	the	DET
fbem-13331	156	51	institutional	institutional	ADJ
fbem-13331	156	52	distance	distance	NOUN
fbem-13331	156	53	between	between	ADP
fbem-13331	156	54	the	the	DET
fbem-13331	156	55	cities	city	NOUN
fbem-13331	156	56	of	of	ADP
fbem-13331	156	57	vcs	vcs	PROPN
fbem-13331	156	58	and	and	CCONJ
fbem-13331	156	59	invested	invest	VERB
fbem-13331	156	60	enterprises	enterprise	NOUN
fbem-13331	156	61	and	and	CCONJ
fbem-13331	156	62	then	then	ADV
fbem-13331	156	63	,	,	PUNCT
fbem-13331	156	64	with	with	ADP
fbem-13331	156	65	reference	reference	NOUN
fbem-13331	156	66	to	to	ADP
fbem-13331	156	67	the	the	DET
fbem-13331	156	68	research	research	NOUN
fbem-13331	156	69	methodology	methodology	NOUN
fbem-13331	156	70	of	of	ADP
fbem-13331	156	71	wen	wen	PROPN
fbem-13331	156	72	zhonglin	zhonglin	PROPN
fbem-13331	156	73	and	and	CCONJ
fbem-13331	156	74	ye	ye	PROPN
fbem-13331	156	75	baojuan	baojuan	PROPN
fbem-13331	156	76	(	(	PUNCT
fbem-13331	156	77	2014	2014	NUM
fbem-13331	156	78	)	)	PUNCT
fbem-13331	156	79	,	,	PUNCT
fbem-13331	156	80	we	we	PRON
fbem-13331	156	81	carry	carry	VERB
fbem-13331	156	82	out	out	ADP
fbem-13331	156	83	the	the	DET
fbem-13331	156	84	following	follow	VERB
fbem-13331	156	85	mechanism	mechanism	NOUN
fbem-13331	156	86	tests	test	NOUN
fbem-13331	156	87	.	.	PUNCT
fbem-13331	157	1	first	first	ADV
fbem-13331	157	2	,	,	PUNCT
fbem-13331	157	3	to	to	PART
fbem-13331	157	4	test	test	VERB
fbem-13331	157	5	whether	whether	SCONJ
fbem-13331	157	6	regional	regional	ADJ
fbem-13331	157	7	integration	integration	NOUN
fbem-13331	157	8	policies	policy	NOUN
fbem-13331	157	9	shrink	shrink	VERB
fbem-13331	157	10	the	the	DET
fbem-13331	157	11	institutional	institutional	ADJ
fbem-13331	157	12	distance	distance	NOUN
fbem-13331	157	13	between	between	ADP
fbem-13331	157	14	the	the	DET
fbem-13331	157	15	two	two	NUM
fbem-13331	157	16	places	place	NOUN
fbem-13331	157	17	of	of	ADP
fbem-13331	157	18	vcs	vcs	PROPN
fbem-13331	157	19	and	and	CCONJ
fbem-13331	157	20	investee	investee	NOUN
fbem-13331	157	21	firms	firm	NOUN
fbem-13331	157	22	.	.	PUNCT
fbem-13331	158	1	for	for	ADP
fbem-13331	158	2	this	this	DET
fbem-13331	158	3	purpose	purpose	NOUN
fbem-13331	158	4	,	,	PUNCT
fbem-13331	158	5	model	model	NOUN
fbem-13331	158	6	(	(	PUNCT
fbem-13331	158	7	2	2	NUM
fbem-13331	158	8	)	)	PUNCT
fbem-13331	158	9	is	be	AUX
fbem-13331	158	10	developed	develop	VERB
fbem-13331	158	11	:	:	PUNCT
fbem-13331	158	12	,	,	PUNCT
fbem-13331	158	13	0	0	NUM
fbem-13331	158	14	1	1	NUM
fbem-13331	158	15	,	,	PUNCT
fbem-13331	158	16	,	,	PUNCT
fbem-13331	158	17	,	,	PUNCT
fbem-13331	158	18	,	,	PUNCT
fbem-13331	158	19	i	i	PRON
fbem-13331	158	20	t	t	VERB
fbem-13331	159	1	i	i	PRON
fbem-13331	159	2	t	t	PROPN
fbem-13331	160	1	n	n	INTJ
fbem-13331	161	1	i	i	PRON
fbem-13331	161	2	t	t	PROPN
fbem-13331	161	3	n	n	INTJ
fbem-13331	161	4	t	t	NOUN
fbem-13331	161	5	r	r	NOUN
fbem-13331	162	1	i	i	PRON
fbem-13331	162	2	t	t	PROPN
fbem-13331	163	1	n	n	CCONJ
fbem-13331	164	1	i	i	PROPN
fbem-13331	164	2	d	d	PROPN
fbem-13331	164	3	pol	pol	PROPN
fbem-13331	164	4	control	control	PROPN
fbem-13331	164	5	year	year	NOUN
fbem-13331	164	6	region	region	VERB
fbem-13331	165	1			PROPN
fbem-13331	165	2			PROPN
fbem-13331	165	3			NOUN
fbem-13331	165	4			ADV
fbem-13331	165	5			PROPN
fbem-13331	165	6			PUNCT
fbem-13331	165	7			PUNCT
fbem-13331	165	8			PROPN
fbem-13331	165	9	(	(	PUNCT
fbem-13331	165	10	model2	model2	NOUN
fbem-13331	165	11	)	)	PUNCT
fbem-13331	165	12	in	in	ADP
fbem-13331	165	13	model	model	NOUN
fbem-13331	165	14	(	(	PUNCT
fbem-13331	165	15	2	2	NUM
fbem-13331	165	16	)	)	PUNCT
fbem-13331	165	17	,	,	PUNCT
fbem-13331	165	18	denotes	denote	VERB
fbem-13331	165	19	the	the	DET
fbem-13331	165	20	institutional	institutional	ADJ
fbem-13331	165	21	distance	distance	NOUN
fbem-13331	165	22	between	between	ADP
fbem-13331	165	23	the	the	DET
fbem-13331	165	24	two	two	NUM
fbem-13331	165	25	places	place	NOUN
fbem-13331	165	26	of	of	ADP
fbem-13331	165	27	vcs	vcs	NOUN
fbem-13331	165	28	and	and	CCONJ
fbem-13331	165	29	firms	firm	NOUN
fbem-13331	165	30	,	,	PUNCT
fbem-13331	165	31	denotes	denote	VERB
fbem-13331	165	32	other	other	ADJ
fbem-13331	165	33	control	control	NOUN
fbem-13331	165	34	variables	variable	VERB
fbem-13331	165	35	283	283	NUM
fbem-13331	165	36	that	that	PRON
fbem-13331	165	37	affect	affect	VERB
fbem-13331	165	38	the	the	DET
fbem-13331	165	39	institutional	institutional	ADJ
fbem-13331	165	40	distance	distance	NOUN
fbem-13331	165	41	,	,	PUNCT
fbem-13331	165	42	and	and	CCONJ
fbem-13331	165	43	denotes	denote	VERB
fbem-13331	165	44	other	other	ADJ
fbem-13331	165	45	disturbance	disturbance	NOUN
fbem-13331	165	46	terms	term	NOUN
fbem-13331	165	47	.	.	PUNCT
fbem-13331	166	1	firstly	firstly	ADV
fbem-13331	166	2	,	,	PUNCT
fbem-13331	166	3	the	the	DET
fbem-13331	166	4	formula	formula	NOUN
fbem-13331	166	5	for	for	ADP
fbem-13331	166	6	the	the	DET
fbem-13331	166	7	measurement	measurement	NOUN
fbem-13331	166	8	of	of	ADP
fbem-13331	166	9	institutional	institutional	ADJ
fbem-13331	166	10	distance	distance	NOUN
fbem-13331	166	11	is	be	AUX
fbem-13331	166	12	,	,	PUNCT
fbem-13331	166	13	where	where	SCONJ
fbem-13331	166	14	,	,	PUNCT
fbem-13331	166	15	,	,	PUNCT
fbem-13331	166	16	denotes	denote	VERB
fbem-13331	166	17	the	the	DET
fbem-13331	166	18	institutional	institutional	ADJ
fbem-13331	166	19	environment	environment	NOUN
fbem-13331	166	20	of	of	ADP
fbem-13331	166	21	the	the	DET
fbem-13331	166	22	city	city	NOUN
fbem-13331	166	23	where	where	SCONJ
fbem-13331	166	24	the	the	DET
fbem-13331	166	25	enterprise	enterprise	NOUN
fbem-13331	166	26	and	and	CCONJ
fbem-13331	166	27	vc	vc	PROPN
fbem-13331	166	28	are	be	AUX
fbem-13331	166	29	located	locate	VERB
fbem-13331	166	30	,	,	PUNCT
fbem-13331	166	31	respectively	respectively	ADV
fbem-13331	166	32	;	;	PUNCT
fbem-13331	166	33	the	the	DET
fbem-13331	166	34	measurement	measurement	NOUN
fbem-13331	166	35	of	of	ADP
fbem-13331	166	36	the	the	DET
fbem-13331	166	37	institutional	institutional	ADJ
fbem-13331	166	38	environment	environment	NOUN
fbem-13331	166	39	refers	refer	VERB
fbem-13331	166	40	to	to	ADP
fbem-13331	166	41	sun	sun	NOUN
fbem-13331	166	42	wenjiu	wenjiu	VERB
fbem-13331	166	43	and	and	CCONJ
fbem-13331	166	44	gao	gao	PROPN
fbem-13331	166	45	yujie	yujie	PROPN
fbem-13331	166	46	(	(	PUNCT
fbem-13331	166	47	2022	2022	NUM
fbem-13331	166	48	)	)	PUNCT
fbem-13331	166	49	,	,	PUNCT
fbem-13331	166	50	which	which	PRON
fbem-13331	166	51	uses	use	VERB
fbem-13331	166	52	principal	principal	ADJ
fbem-13331	166	53	component	component	NOUN
fbem-13331	166	54	analysis	analysis	NOUN
fbem-13331	166	55	to	to	PART
fbem-13331	166	56	calculate	calculate	VERB
fbem-13331	166	57	the	the	DET
fbem-13331	166	58	institutional	institutional	ADJ
fbem-13331	166	59	environment	environment	NOUN
fbem-13331	166	60	of	of	ADP
fbem-13331	166	61	each	each	DET
fbem-13331	166	62	prefecture	prefecture	NOUN
fbem-13331	166	63	-	-	PUNCT
fbem-13331	166	64	level	level	NOUN
fbem-13331	166	65	city	city	NOUN
fbem-13331	166	66	.	.	PUNCT
fbem-13331	167	1	second	second	ADJ
fbem-13331	167	2	,	,	PUNCT
fbem-13331	167	3	the	the	DET
fbem-13331	167	4	selection	selection	NOUN
fbem-13331	167	5	of	of	ADP
fbem-13331	167	6	control	control	NOUN
fbem-13331	167	7	variables	variable	NOUN
fbem-13331	167	8	draws	draw	VERB
fbem-13331	167	9	on	on	ADP
fbem-13331	167	10	song	song	NOUN
fbem-13331	167	11	yuanyang	yuanyang	PROPN
fbem-13331	167	12	(	(	PUNCT
fbem-13331	167	13	2015	2015	NUM
fbem-13331	167	14	)	)	PUNCT
fbem-13331	167	15	to	to	PART
fbem-13331	167	16	select	select	VERB
fbem-13331	167	17	the	the	DET
fbem-13331	167	18	population	population	NOUN
fbem-13331	167	19	density	density	NOUN
fbem-13331	167	20	(	(	PUNCT
fbem-13331	167	21	dpop	dpop	PROPN
fbem-13331	167	22	)	)	PUNCT
fbem-13331	167	23	,	,	PUNCT
fbem-13331	167	24	disposable	disposable	ADJ
fbem-13331	167	25	income	income	NOUN
fbem-13331	167	26	of	of	ADP
fbem-13331	167	27	residents	resident	NOUN
fbem-13331	167	28	(	(	PUNCT
fbem-13331	167	29	consume	consume	PROPN
fbem-13331	167	30	)	)	PUNCT
fbem-13331	167	31	,	,	PUNCT
fbem-13331	167	32	social	social	ADJ
fbem-13331	167	33	fixed	fix	VERB
fbem-13331	167	34	investment	investment	NOUN
fbem-13331	167	35	(	(	PUNCT
fbem-13331	167	36	invest	invest	VERB
fbem-13331	167	37	)	)	PUNCT
fbem-13331	167	38	and	and	CCONJ
fbem-13331	167	39	other	other	ADJ
fbem-13331	167	40	factors	factor	NOUN
fbem-13331	167	41	that	that	PRON
fbem-13331	167	42	may	may	AUX
fbem-13331	167	43	affect	affect	VERB
fbem-13331	167	44	the	the	DET
fbem-13331	167	45	institutional	institutional	ADJ
fbem-13331	167	46	distance	distance	NOUN
fbem-13331	167	47	between	between	ADP
fbem-13331	167	48	the	the	DET
fbem-13331	167	49	two	two	NUM
fbem-13331	167	50	places	place	NOUN
fbem-13331	167	51	in	in	ADP
fbem-13331	167	52	the	the	DET
fbem-13331	167	53	invested	invest	VERB
fbem-13331	167	54	region	region	NOUN
fbem-13331	167	55	.	.	PUNCT
fbem-13331	168	1	the	the	DET
fbem-13331	168	2	effect	effect	NOUN
fbem-13331	168	3	of	of	ADP
fbem-13331	168	4	regional	regional	ADJ
fbem-13331	168	5	integration	integration	NOUN
fbem-13331	168	6	on	on	ADP
fbem-13331	168	7	the	the	DET
fbem-13331	168	8	institutional	institutional	ADJ
fbem-13331	168	9	distance	distance	NOUN
fbem-13331	168	10	between	between	ADP
fbem-13331	168	11	cities	city	NOUN
fbem-13331	168	12	is	be	AUX
fbem-13331	168	13	expressed	express	VERB
fbem-13331	168	14	in	in	ADP
fbem-13331	168	15	model	model	NOUN
fbem-13331	168	16	(	(	PUNCT
fbem-13331	168	17	2	2	NUM
fbem-13331	168	18	)	)	PUNCT
fbem-13331	168	19	,	,	PUNCT
fbem-13331	168	20	and	and	CCONJ
fbem-13331	168	21	if	if	SCONJ
fbem-13331	168	22	it	it	PRON
fbem-13331	168	23	is	be	AUX
fbem-13331	168	24	significantly	significantly	ADV
fbem-13331	168	25	negative	negative	ADJ
fbem-13331	168	26	,	,	PUNCT
fbem-13331	168	27	it	it	PRON
fbem-13331	168	28	indicates	indicate	VERB
fbem-13331	168	29	that	that	SCONJ
fbem-13331	168	30	regional	regional	ADJ
fbem-13331	168	31	integration	integration	NOUN
fbem-13331	168	32	policies	policy	NOUN
fbem-13331	168	33	can	can	AUX
fbem-13331	168	34	shrink	shrink	VERB
fbem-13331	168	35	the	the	DET
fbem-13331	168	36	institutional	institutional	ADJ
fbem-13331	168	37	distance	distance	NOUN
fbem-13331	168	38	between	between	ADP
fbem-13331	168	39	the	the	DET
fbem-13331	168	40	two	two	NUM
fbem-13331	168	41	places	place	NOUN
fbem-13331	168	42	.	.	PUNCT
fbem-13331	169	1	second	second	ADJ
fbem-13331	169	2	,	,	PUNCT
fbem-13331	169	3	it	it	PRON
fbem-13331	169	4	is	be	AUX
fbem-13331	169	5	tested	test	VERB
fbem-13331	169	6	whether	whether	SCONJ
fbem-13331	169	7	regional	regional	ADJ
fbem-13331	169	8	integration	integration	NOUN
fbem-13331	169	9	enhances	enhance	VERB
fbem-13331	169	10	vc	vc	NOUN
fbem-13331	169	11	intervention	intervention	NOUN
fbem-13331	169	12	in	in	ADP
fbem-13331	169	13	firms	firm	NOUN
fbem-13331	169	14	'	'	PART
fbem-13331	169	15	basic	basic	ADJ
fbem-13331	169	16	innovations	innovation	NOUN
fbem-13331	169	17	by	by	ADP
fbem-13331	169	18	shrinking	shrink	VERB
fbem-13331	169	19	the	the	DET
fbem-13331	169	20	institutional	institutional	ADJ
fbem-13331	169	21	distance	distance	NOUN
fbem-13331	169	22	between	between	ADP
fbem-13331	169	23	the	the	DET
fbem-13331	169	24	two	two	NUM
fbem-13331	169	25	places	place	NOUN
fbem-13331	169	26	.	.	PUNCT
fbem-13331	170	1	to	to	ADP
fbem-13331	170	2	this	this	DET
fbem-13331	170	3	end	end	NOUN
fbem-13331	170	4	,	,	PUNCT
fbem-13331	170	5	model	model	NOUN
fbem-13331	170	6	(	(	PUNCT
fbem-13331	170	7	3	3	NUM
fbem-13331	170	8	)	)	PUNCT
fbem-13331	170	9	is	be	AUX
fbem-13331	170	10	constructed	construct	VERB
fbem-13331	170	11	.	.	PUNCT
fbem-13331	171	1	,	,	PUNCT
fbem-13331	171	2	0	0	NUM
fbem-13331	171	3	1	1	NUM
fbem-13331	171	4	,	,	PUNCT
fbem-13331	171	5	,	,	PUNCT
fbem-13331	171	6	,	,	PUNCT
fbem-13331	172	1	r	r	NOUN
fbem-13331	172	2	,	,	PUNCT
fbem-13331	172	3	_	_	PROPN
fbem-13331	172	4	bas	bas	PROPN
fbem-13331	172	5	inno	inno	PROPN
fbem-13331	172	6	regioni	regioni	PROPN
fbem-13331	172	7	t	t	PROPN
fbem-13331	173	1	i	i	PRON
fbem-13331	173	2	t	t	PROPN
fbem-13331	174	1	k	k	NOUN
fbem-13331	175	1	i	i	PRON
fbem-13331	175	2	t	t	X
fbem-13331	176	1	k	k	NOUN
fbem-13331	177	1	i	i	PRON
fbem-13331	177	2	t	t	PROPN
fbem-13331	178	1	j	j	PROPN
fbem-13331	179	1	i	i	PRON
fbem-13331	179	2	t	t	PROPN
fbem-13331	179	3	k	k	PROPN
fbem-13331	179	4	v	v	PROPN
fbem-13331	179	5	pol	pol	PROPN
fbem-13331	179	6	control	control	PROPN
fbem-13331	179	7	code	code	PROPN
fbem-13331	179	8	year	year	NOUN
fbem-13331	179	9	industry	industry	NOUN
fbem-13331	179	10			NOUN
fbem-13331	179	11			PROPN
fbem-13331	179	12			PROPN
fbem-13331	179	13			ADV
fbem-13331	179	14			VERB
fbem-13331	179	15			PROPN
fbem-13331	179	16			PROPN
fbem-13331	179	17			PUNCT
fbem-13331	179	18			PUNCT
fbem-13331	179	19			NOUN
fbem-13331	179	20	(	(	PUNCT
fbem-13331	179	21	model3	model3	NOUN
fbem-13331	179	22	)	)	PUNCT
fbem-13331	179	23	in	in	ADP
fbem-13331	179	24	model	model	NOUN
fbem-13331	179	25	(	(	PUNCT
fbem-13331	179	26	3	3	NUM
fbem-13331	179	27	)	)	PUNCT
fbem-13331	179	28	is	be	AUX
fbem-13331	179	29	a	a	DET
fbem-13331	179	30	random	random	ADJ
fbem-13331	179	31	perturbation	perturbation	NOUN
fbem-13331	179	32	term	term	NOUN
fbem-13331	179	33	,	,	PUNCT
fbem-13331	179	34	which	which	PRON
fbem-13331	179	35	indicates	indicate	VERB
fbem-13331	179	36	the	the	DET
fbem-13331	179	37	degree	degree	NOUN
fbem-13331	179	38	of	of	ADP
fbem-13331	179	39	mediating	mediate	VERB
fbem-13331	179	40	effect	effect	NOUN
fbem-13331	179	41	of	of	ADP
fbem-13331	179	42	institutional	institutional	ADJ
fbem-13331	179	43	distance	distance	NOUN
fbem-13331	179	44	.	.	PUNCT
fbem-13331	180	1	if	if	SCONJ
fbem-13331	180	2	it	it	PRON
fbem-13331	180	3	is	be	AUX
fbem-13331	180	4	significantly	significantly	ADV
fbem-13331	180	5	negative	negative	ADJ
fbem-13331	180	6	and	and	CCONJ
fbem-13331	180	7	the	the	DET
fbem-13331	180	8	absolute	absolute	ADJ
fbem-13331	180	9	value	value	NOUN
fbem-13331	180	10	is	be	AUX
fbem-13331	180	11	less	less	ADJ
fbem-13331	180	12	than	than	ADP
fbem-13331	180	13	the	the	DET
fbem-13331	180	14	absolute	absolute	ADJ
fbem-13331	180	15	value	value	NOUN
fbem-13331	180	16	,	,	PUNCT
fbem-13331	180	17	it	it	PRON
fbem-13331	180	18	indicates	indicate	VERB
fbem-13331	180	19	that	that	SCONJ
fbem-13331	180	20	the	the	DET
fbem-13331	180	21	reduction	reduction	NOUN
fbem-13331	180	22	of	of	ADP
fbem-13331	180	23	institutional	institutional	ADJ
fbem-13331	180	24	distance	distance	NOUN
fbem-13331	180	25	can	can	AUX
fbem-13331	180	26	play	play	VERB
fbem-13331	180	27	a	a	DET
fbem-13331	180	28	mediating	mediate	VERB
fbem-13331	180	29	role	role	NOUN
fbem-13331	180	30	in	in	ADP
fbem-13331	180	31	the	the	DET
fbem-13331	180	32	process	process	NOUN
fbem-13331	180	33	of	of	ADP
fbem-13331	180	34	regional	regional	ADJ
fbem-13331	180	35	integration	integration	NOUN
fbem-13331	180	36	to	to	PART
fbem-13331	180	37	promote	promote	VERB
fbem-13331	180	38	the	the	DET
fbem-13331	180	39	intervention	intervention	NOUN
fbem-13331	180	40	of	of	ADP
fbem-13331	180	41	venture	venture	NOUN
fbem-13331	180	42	capital	capital	NOUN
fbem-13331	180	43	in	in	ADP
fbem-13331	180	44	the	the	DET
fbem-13331	180	45	process	process	NOUN
fbem-13331	180	46	of	of	ADP
fbem-13331	180	47	enterprise	enterprise	NOUN
fbem-13331	180	48	-	-	PUNCT
fbem-13331	180	49	based	base	VERB
fbem-13331	180	50	innovation	innovation	NOUN
fbem-13331	180	51	,	,	PUNCT
fbem-13331	180	52	otherwise	otherwise	ADV
fbem-13331	180	53	it	it	PRON
fbem-13331	180	54	indicates	indicate	VERB
fbem-13331	180	55	that	that	SCONJ
fbem-13331	180	56	there	there	PRON
fbem-13331	180	57	is	be	VERB
fbem-13331	180	58	no	no	DET
fbem-13331	180	59	mediating	mediate	VERB
fbem-13331	180	60	effect	effect	NOUN
fbem-13331	180	61	.	.	PUNCT
fbem-13331	181	1	5.1.2	5.1.2	X
fbem-13331	181	2	.	.	X
fbem-13331	181	3	mechanism	mechanism	NOUN
fbem-13331	181	4	test	test	NOUN
fbem-13331	181	5	results	result	VERB
fbem-13331	181	6	the	the	DET
fbem-13331	181	7	test	test	NOUN
fbem-13331	181	8	results	result	NOUN
fbem-13331	181	9	of	of	ADP
fbem-13331	181	10	whether	whether	SCONJ
fbem-13331	181	11	institutional	institutional	ADJ
fbem-13331	181	12	distance	distance	NOUN
fbem-13331	181	13	reduction	reduction	NOUN
fbem-13331	181	14	can	can	AUX
fbem-13331	181	15	enhance	enhance	VERB
fbem-13331	181	16	the	the	DET
fbem-13331	181	17	fundamental	fundamental	ADJ
fbem-13331	181	18	innovation	innovation	NOUN
fbem-13331	181	19	of	of	ADP
fbem-13331	181	20	venture	venture	NOUN
fbem-13331	181	21	capital	capital	NOUN
fbem-13331	181	22	intervention	intervention	NOUN
fbem-13331	181	23	enterprises	enterprise	NOUN
fbem-13331	181	24	are	be	AUX
fbem-13331	181	25	shown	show	VERB
fbem-13331	181	26	in	in	ADP
fbem-13331	181	27	table	table	NOUN
fbem-13331	181	28	8	8	NUM
fbem-13331	181	29	.	.	PUNCT
fbem-13331	181	30	table	table	NOUN
fbem-13331	181	31	8	8	NUM
fbem-13331	181	32	shows	show	VERB
fbem-13331	181	33	that	that	SCONJ
fbem-13331	181	34	institutional	institutional	ADJ
fbem-13331	181	35	distance	distance	NOUN
fbem-13331	181	36	shrinkage	shrinkage	NOUN
fbem-13331	181	37	can	can	AUX
fbem-13331	181	38	enhance	enhance	VERB
fbem-13331	181	39	the	the	DET
fbem-13331	181	40	promotion	promotion	NOUN
fbem-13331	181	41	effect	effect	NOUN
fbem-13331	181	42	of	of	ADP
fbem-13331	181	43	vcs	vcs	PROPN
fbem-13331	181	44	on	on	ADP
fbem-13331	181	45	firms	firm	NOUN
fbem-13331	181	46	'	'	PART
fbem-13331	181	47	fundamental	fundamental	ADJ
fbem-13331	181	48	innovations	innovation	NOUN
fbem-13331	181	49	.	.	PUNCT
fbem-13331	182	1	first	first	ADV
fbem-13331	182	2	,	,	PUNCT
fbem-13331	182	3	column	column	NOUN
fbem-13331	182	4	(	(	PUNCT
fbem-13331	182	5	1	1	NUM
fbem-13331	182	6	)	)	PUNCT
fbem-13331	182	7	of	of	ADP
fbem-13331	182	8	table	table	NOUN
fbem-13331	182	9	8	8	NUM
fbem-13331	182	10	shows	show	VERB
fbem-13331	182	11	that	that	SCONJ
fbem-13331	182	12	the	the	DET
fbem-13331	182	13	coefficient	coefficient	NOUN
fbem-13331	182	14	of	of	ADP
fbem-13331	182	15	regional	regional	ADJ
fbem-13331	182	16	integration	integration	NOUN
fbem-13331	182	17	on	on	ADP
fbem-13331	182	18	institutional	institutional	ADJ
fbem-13331	182	19	distance	distance	NOUN
fbem-13331	182	20	is	be	AUX
fbem-13331	182	21	-0.9592	-0.9592	PUNCT
fbem-13331	182	22	and	and	CCONJ
fbem-13331	182	23	is	be	AUX
fbem-13331	182	24	significant	significant	ADJ
fbem-13331	182	25	at	at	ADP
fbem-13331	182	26	the	the	DET
fbem-13331	182	27	1	1	NUM
fbem-13331	182	28	%	%	NOUN
fbem-13331	182	29	level	level	NOUN
fbem-13331	182	30	,	,	PUNCT
fbem-13331	182	31	indicating	indicate	VERB
fbem-13331	182	32	that	that	SCONJ
fbem-13331	182	33	regional	regional	ADJ
fbem-13331	182	34	integration	integration	NOUN
fbem-13331	182	35	can	can	AUX
fbem-13331	182	36	shrink	shrink	VERB
fbem-13331	182	37	the	the	DET
fbem-13331	182	38	institutional	institutional	ADJ
fbem-13331	182	39	distance	distance	NOUN
fbem-13331	182	40	between	between	ADP
fbem-13331	182	41	vcs	vcs	PROPN
fbem-13331	182	42	and	and	CCONJ
fbem-13331	182	43	investee	investee	NOUN
fbem-13331	182	44	firms	firm	NOUN
fbem-13331	182	45	.	.	PUNCT
fbem-13331	183	1	second	second	ADJ
fbem-13331	183	2	,	,	PUNCT
fbem-13331	183	3	institutional	institutional	ADJ
fbem-13331	183	4	distance	distance	NOUN
fbem-13331	183	5	shrinkage	shrinkage	NOUN
fbem-13331	183	6	enhances	enhance	VERB
fbem-13331	183	7	the	the	DET
fbem-13331	183	8	promotion	promotion	NOUN
fbem-13331	183	9	effect	effect	NOUN
fbem-13331	183	10	of	of	ADP
fbem-13331	183	11	vcs	vcs	PROPN
fbem-13331	183	12	on	on	ADP
fbem-13331	183	13	firms	firm	NOUN
fbem-13331	183	14	'	'	PART
fbem-13331	183	15	fundamental	fundamental	ADJ
fbem-13331	183	16	innovation	innovation	NOUN
fbem-13331	183	17	.	.	PUNCT
fbem-13331	184	1	column	column	NOUN
fbem-13331	184	2	(	(	PUNCT
fbem-13331	184	3	3	3	X
fbem-13331	184	4	)	)	PUNCT
fbem-13331	184	5	shows	show	VERB
fbem-13331	184	6	that	that	SCONJ
fbem-13331	184	7	the	the	DET
fbem-13331	184	8	coefficient	coefficient	NOUN
fbem-13331	184	9	of	of	ADP
fbem-13331	184	10	the	the	DET
fbem-13331	184	11	impact	impact	NOUN
fbem-13331	184	12	of	of	ADP
fbem-13331	184	13	institutional	institutional	ADJ
fbem-13331	184	14	distance	distance	NOUN
fbem-13331	184	15	on	on	ADP
fbem-13331	184	16	enterprise	enterprise	NOUN
fbem-13331	184	17	-	-	PUNCT
fbem-13331	184	18	based	base	VERB
fbem-13331	184	19	innovation	innovation	NOUN
fbem-13331	184	20	is	be	AUX
fbem-13331	184	21	-0.0868	-0.0868	VERB
fbem-13331	184	22	,	,	PUNCT
fbem-13331	184	23	and	and	CCONJ
fbem-13331	184	24	the	the	DET
fbem-13331	184	25	coefficient	coefficient	NOUN
fbem-13331	184	26	of	of	ADP
fbem-13331	184	27	the	the	DET
fbem-13331	184	28	impact	impact	NOUN
fbem-13331	184	29	of	of	ADP
fbem-13331	184	30	regional	regional	ADJ
fbem-13331	184	31	integration	integration	NOUN
fbem-13331	184	32	policy	policy	NOUN
fbem-13331	184	33	on	on	ADP
fbem-13331	184	34	enterprise	enterprise	NOUN
fbem-13331	184	35	-	-	PUNCT
fbem-13331	184	36	based	base	VERB
fbem-13331	184	37	innovation	innovation	NOUN
fbem-13331	184	38	decreases	decrease	VERB
fbem-13331	184	39	after	after	ADP
fbem-13331	184	40	adding	add	VERB
fbem-13331	184	41	institutional	institutional	ADJ
fbem-13331	184	42	distance	distance	NOUN
fbem-13331	184	43	,	,	PUNCT
fbem-13331	184	44	indicating	indicate	VERB
fbem-13331	184	45	that	that	SCONJ
fbem-13331	184	46	regional	regional	ADJ
fbem-13331	184	47	integration	integration	NOUN
fbem-13331	184	48	can	can	AUX
fbem-13331	184	49	shrink	shrink	VERB
fbem-13331	184	50	the	the	DET
fbem-13331	184	51	institutional	institutional	ADJ
fbem-13331	184	52	distance	distance	NOUN
fbem-13331	184	53	between	between	ADP
fbem-13331	184	54	vcs	vcs	PROPN
fbem-13331	184	55	and	and	CCONJ
fbem-13331	184	56	invested	invest	VERB
fbem-13331	184	57	firms	firm	NOUN
fbem-13331	184	58	,	,	PUNCT
fbem-13331	184	59	which	which	PRON
fbem-13331	184	60	in	in	ADP
fbem-13331	184	61	turn	turn	NOUN
fbem-13331	184	62	enhances	enhance	VERB
fbem-13331	184	63	the	the	DET
fbem-13331	184	64	promotion	promotion	NOUN
fbem-13331	184	65	effect	effect	NOUN
fbem-13331	184	66	of	of	ADP
fbem-13331	184	67	vcs	vcs	PROPN
fbem-13331	184	68	on	on	ADP
fbem-13331	184	69	enterprise	enterprise	NOUN
fbem-13331	184	70	-	-	PUNCT
fbem-13331	184	71	based	base	VERB
fbem-13331	184	72	innovation	innovation	NOUN
fbem-13331	184	73	.	.	PUNCT
fbem-13331	185	1	therefore	therefore	ADV
fbem-13331	185	2	,	,	PUNCT
fbem-13331	185	3	the	the	DET
fbem-13331	185	4	verification	verification	NOUN
fbem-13331	185	5	of	of	ADP
fbem-13331	185	6	hypothesis	hypothesis	NOUN
fbem-13331	185	7	2	2	NUM
fbem-13331	185	8	is	be	AUX
fbem-13331	185	9	established	establish	VERB
fbem-13331	185	10	[	[	PUNCT
fbem-13331	185	11	the	the	DET
fbem-13331	185	12	mechanism	mechanism	NOUN
fbem-13331	185	13	test	test	NOUN
fbem-13331	185	14	is	be	AUX
fbem-13331	185	15	equally	equally	ADV
fbem-13331	185	16	passed	pass	VERB
fbem-13331	185	17	by	by	ADP
fbem-13331	185	18	sobel	sobel	PROPN
fbem-13331	185	19	method	method	PROPN
fbem-13331	185	20	test	test	NOUN
fbem-13331	185	21	]	]	PUNCT
fbem-13331	185	22	.	.	PUNCT
fbem-13331	186	1	table	table	NOUN
fbem-13331	186	2	8	8	NUM
fbem-13331	186	3	.	.	PUNCT
fbem-13331	186	4	mechanism	mechanism	NOUN
fbem-13331	186	5	test	test	NOUN
fbem-13331	186	6	results	result	NOUN
fbem-13331	186	7	of	of	ADP
fbem-13331	186	8	institutional	institutional	ADJ
fbem-13331	186	9	distance	distance	NOUN
fbem-13331	186	10	(	(	PUNCT
fbem-13331	186	11	1	1	NUM
fbem-13331	186	12	)	)	PUNCT
fbem-13331	186	13	(	(	PUNCT
fbem-13331	186	14	2	2	NUM
fbem-13331	186	15	)	)	PUNCT
fbem-13331	186	16	(	(	PUNCT
fbem-13331	186	17	3	3	X
fbem-13331	186	18	)	)	PUNCT
fbem-13331	186	19	bas_innov	bas_innov	NOUN
fbem-13331	186	20	zhidu	zhidu	X
fbem-13331	186	21	bas_innov	bas_innov	PROPN
fbem-13331	186	22	pol	pol	PROPN
fbem-13331	186	23	0.5156	0.5156	PROPN
fbem-13331	186	24	*	*	PUNCT
fbem-13331	186	25	*	*	PUNCT
fbem-13331	186	26	*	*	NOUN
fbem-13331	186	27	-0.9592	-0.9592	NOUN
fbem-13331	186	28	*	*	PUNCT
fbem-13331	186	29	*	*	PUNCT
fbem-13331	187	1	*	*	PUNCT
fbem-13331	188	1	0.4719	0.4719	NUM
fbem-13331	188	2	*	*	PUNCT
fbem-13331	188	3	*	*	PUNCT
fbem-13331	188	4	*	*	PUNCT
fbem-13331	188	5	(	(	PUNCT
fbem-13331	188	6	2.8817	2.8817	NUM
fbem-13331	188	7	)	)	PUNCT
fbem-13331	188	8	(	(	PUNCT
fbem-13331	188	9	-4.4831	-4.4831	NUM
fbem-13331	188	10	)	)	PUNCT
fbem-13331	188	11	(	(	PUNCT
fbem-13331	188	12	2.6706	2.6706	NUM
fbem-13331	188	13	)	)	PUNCT
fbem-13331	188	14	zhidu	zhidu	NOUN
fbem-13331	188	15	-0.0868	-0.0868	PROPN
fbem-13331	188	16	*	*	PUNCT
fbem-13331	188	17	*	*	PUNCT
fbem-13331	188	18	(	(	PUNCT
fbem-13331	188	19	-2.3332	-2.3332	PUNCT
fbem-13331	188	20	)	)	PUNCT
fbem-13331	188	21	control	control	NOUN
fbem-13331	188	22	variables	variable	VERB
fbem-13331	189	1	con	con	PROPN
fbem-13331	189	2	con	con	PROPN
fbem-13331	189	3	con	con	PROPN
fbem-13331	189	4	fixed	fix	VERB
fbem-13331	189	5	effects	effect	NOUN
fbem-13331	190	1	yes	yes	INTJ
fbem-13331	190	2	yes	yes	INTJ
fbem-13331	191	1	yes	yes	INTJ
fbem-13331	191	2	r2_a	r2_a	VERB
fbem-13331	191	3	0.6352	0.6352	NUM
fbem-13331	191	4	0.4600	0.4600	NUM
fbem-13331	191	5	0.6365	0.6365	NUM
fbem-13331	191	6	5.2	5.2	NUM
fbem-13331	191	7	.	.	PUNCT
fbem-13331	192	1	heterogeneity	heterogeneity	NOUN
fbem-13331	192	2	test	test	NOUN
fbem-13331	192	3	of	of	ADP
fbem-13331	192	4	regional	regional	ADJ
fbem-13331	192	5	integration	integration	NOUN
fbem-13331	192	6	effect	effect	NOUN
fbem-13331	192	7	according	accord	VERB
fbem-13331	192	8	to	to	ADP
fbem-13331	192	9	the	the	DET
fbem-13331	192	10	previous	previous	ADJ
fbem-13331	192	11	section	section	NOUN
fbem-13331	192	12	,	,	PUNCT
fbem-13331	192	13	due	due	ADP
fbem-13331	192	14	to	to	ADP
fbem-13331	192	15	the	the	DET
fbem-13331	192	16	nature	nature	NOUN
fbem-13331	192	17	of	of	ADP
fbem-13331	192	18	the	the	DET
fbem-13331	192	19	equity	equity	NOUN
fbem-13331	192	20	of	of	ADP
fbem-13331	192	21	the	the	DET
fbem-13331	192	22	vc	vc	PROPN
fbem-13331	192	23	institutions	institution	NOUN
fbem-13331	192	24	and	and	CCONJ
fbem-13331	192	25	the	the	DET
fbem-13331	192	26	characteristics	characteristic	NOUN
fbem-13331	192	27	of	of	ADP
fbem-13331	192	28	the	the	DET
fbem-13331	192	29	invested	invest	VERB
fbem-13331	192	30	enterprise	enterprise	NOUN
fbem-13331	192	31	industry	industry	NOUN
fbem-13331	192	32	,	,	PUNCT
fbem-13331	192	33	the	the	DET
fbem-13331	192	34	regional	regional	ADJ
fbem-13331	192	35	integration	integration	NOUN
fbem-13331	192	36	policy	policy	NOUN
fbem-13331	192	37	effect	effect	NOUN
fbem-13331	192	38	are	be	AUX
fbem-13331	192	39	different	different	ADJ
fbem-13331	192	40	,	,	PUNCT
fbem-13331	192	41	the	the	DET
fbem-13331	192	42	following	follow	VERB
fbem-13331	192	43	will	will	AUX
fbem-13331	192	44	test	test	VERB
fbem-13331	192	45	the	the	DET
fbem-13331	192	46	heterogeneity	heterogeneity	NOUN
fbem-13331	192	47	of	of	ADP
fbem-13331	192	48	the	the	DET
fbem-13331	192	49	differences	difference	NOUN
fbem-13331	192	50	respectively	respectively	ADV
fbem-13331	192	51	.	.	PUNCT
fbem-13331	193	1	5.2.1	5.2.1	X
fbem-13331	193	2	.	.	PUNCT
fbem-13331	193	3	test	test	VERB
fbem-13331	193	4	the	the	DET
fbem-13331	193	5	difference	difference	NOUN
fbem-13331	193	6	in	in	ADP
fbem-13331	193	7	the	the	DET
fbem-13331	193	8	effect	effect	NOUN
fbem-13331	193	9	of	of	ADP
fbem-13331	193	10	integration	integration	NOUN
fbem-13331	193	11	policy	policy	NOUN
fbem-13331	193	12	on	on	ADP
fbem-13331	193	13	the	the	DET
fbem-13331	193	14	nature	nature	NOUN
fbem-13331	193	15	of	of	ADP
fbem-13331	193	16	equity	equity	NOUN
fbem-13331	193	17	of	of	ADP
fbem-13331	193	18	different	different	ADJ
fbem-13331	193	19	vcs	vcs	NOUN
fbem-13331	193	20	this	this	DET
fbem-13331	193	21	paper	paper	NOUN
fbem-13331	193	22	will	will	AUX
fbem-13331	193	23	be	be	AUX
fbem-13331	193	24	the	the	DET
fbem-13331	193	25	existence	existence	NOUN
fbem-13331	193	26	of	of	ADP
fbem-13331	193	27	state	state	NOUN
fbem-13331	193	28	-	-	PUNCT
fbem-13331	193	29	owned	own	VERB
fbem-13331	193	30	background	background	NOUN
fbem-13331	193	31	of	of	ADP
fbem-13331	193	32	venture	venture	NOUN
fbem-13331	193	33	capital	capital	NOUN
fbem-13331	193	34	institutions	institution	NOUN
fbem-13331	193	35	divided	divide	VERB
fbem-13331	193	36	into	into	ADP
fbem-13331	193	37	state	state	NOUN
fbem-13331	193	38	-	-	PUNCT
fbem-13331	193	39	owned	own	VERB
fbem-13331	193	40	vc	vc	NOUN
fbem-13331	193	41	,	,	PUNCT
fbem-13331	193	42	the	the	DET
fbem-13331	193	43	rest	rest	NOUN
fbem-13331	193	44	is	be	AUX
fbem-13331	193	45	divided	divide	VERB
fbem-13331	193	46	into	into	ADP
fbem-13331	193	47	private	private	ADJ
fbem-13331	193	48	vc	vc	NOUN
fbem-13331	193	49	,	,	PUNCT
fbem-13331	193	50	test	test	VERB
fbem-13331	193	51	the	the	DET
fbem-13331	193	52	nature	nature	NOUN
fbem-13331	193	53	of	of	ADP
fbem-13331	193	54	venture	venture	NOUN
fbem-13331	193	55	capital	capital	NOUN
fbem-13331	193	56	institutions	institution	NOUN
fbem-13331	193	57	equity	equity	NOUN
fbem-13331	193	58	differences	difference	NOUN
fbem-13331	193	59	on	on	ADP
fbem-13331	193	60	the	the	DET
fbem-13331	193	61	regional	regional	ADJ
fbem-13331	193	62	integration	integration	NOUN
fbem-13331	193	63	policy	policy	NOUN
fbem-13331	193	64	effect	effect	NOUN
fbem-13331	193	65	,	,	PUNCT
fbem-13331	193	66	test	test	NOUN
fbem-13331	193	67	results	result	NOUN
fbem-13331	193	68	as	as	SCONJ
fbem-13331	193	69	shown	show	VERB
fbem-13331	193	70	in	in	ADP
fbem-13331	193	71	columns	column	NOUN
fbem-13331	193	72	(	(	PUNCT
fbem-13331	193	73	1	1	NUM
fbem-13331	193	74	)	)	PUNCT
fbem-13331	193	75	and	and	CCONJ
fbem-13331	193	76	(	(	PUNCT
fbem-13331	193	77	2	2	X
fbem-13331	193	78	)	)	PUNCT
fbem-13331	193	79	of	of	ADP
fbem-13331	193	80	table	table	NOUN
fbem-13331	193	81	9	9	NUM
fbem-13331	193	82	.	.	PUNCT
fbem-13331	194	1	first	first	ADV
fbem-13331	194	2	,	,	PUNCT
fbem-13331	194	3	regardless	regardless	ADV
fbem-13331	194	4	of	of	ADP
fbem-13331	194	5	the	the	DET
fbem-13331	194	6	nature	nature	NOUN
fbem-13331	194	7	of	of	ADP
fbem-13331	194	8	equity	equity	NOUN
fbem-13331	194	9	of	of	ADP
fbem-13331	194	10	vcs	vcs	PROPN
fbem-13331	194	11	is	be	AUX
fbem-13331	194	12	state	state	NOUN
fbem-13331	194	13	-	-	PUNCT
fbem-13331	194	14	owned	own	VERB
fbem-13331	194	15	or	or	CCONJ
fbem-13331	194	16	private	private	ADJ
fbem-13331	194	17	,	,	PUNCT
fbem-13331	194	18	regional	regional	ADJ
fbem-13331	194	19	integration	integration	NOUN
fbem-13331	194	20	policy	policy	NOUN
fbem-13331	194	21	can	can	AUX
fbem-13331	194	22	enhance	enhance	VERB
fbem-13331	194	23	the	the	DET
fbem-13331	194	24	promotion	promotion	NOUN
fbem-13331	194	25	effect	effect	NOUN
fbem-13331	194	26	of	of	ADP
fbem-13331	194	27	vcs	vcs	PROPN
fbem-13331	194	28	on	on	ADP
fbem-13331	194	29	basic	basic	ADJ
fbem-13331	194	30	innovation	innovation	NOUN
fbem-13331	194	31	of	of	ADP
fbem-13331	194	32	invested	invest	VERB
fbem-13331	194	33	firms	firm	NOUN
fbem-13331	194	34	,	,	PUNCT
fbem-13331	194	35	which	which	PRON
fbem-13331	194	36	again	again	ADV
fbem-13331	194	37	confirms	confirm	VERB
fbem-13331	194	38	that	that	SCONJ
fbem-13331	194	39	hypothesis	hypothesis	NOUN
fbem-13331	194	40	1	1	NUM
fbem-13331	194	41	holds	hold	VERB
fbem-13331	194	42	.	.	PUNCT
fbem-13331	195	1	second	second	ADJ
fbem-13331	195	2	,	,	PUNCT
fbem-13331	195	3	under	under	ADP
fbem-13331	195	4	the	the	DET
fbem-13331	195	5	regional	regional	ADJ
fbem-13331	195	6	integration	integration	NOUN
fbem-13331	195	7	policy	policy	NOUN
fbem-13331	195	8	,	,	PUNCT
fbem-13331	195	9	vcs	vcs	PROPN
fbem-13331	195	10	with	with	ADP
fbem-13331	195	11	stateowned	stateowne	VERB
fbem-13331	195	12	background	background	NOUN
fbem-13331	195	13	have	have	VERB
fbem-13331	195	14	a	a	DET
fbem-13331	195	15	greater	great	ADJ
fbem-13331	195	16	impact	impact	NOUN
fbem-13331	195	17	on	on	ADP
fbem-13331	195	18	the	the	DET
fbem-13331	195	19	fundamental	fundamental	ADJ
fbem-13331	195	20	innovation	innovation	NOUN
fbem-13331	195	21	of	of	ADP
fbem-13331	195	22	enterprises	enterprise	NOUN
fbem-13331	195	23	.	.	PUNCT
fbem-13331	196	1	as	as	SCONJ
fbem-13331	196	2	shown	show	VERB
fbem-13331	196	3	in	in	ADP
fbem-13331	196	4	columns	column	NOUN
fbem-13331	196	5	(	(	PUNCT
fbem-13331	196	6	1	1	NUM
fbem-13331	196	7	)	)	PUNCT
fbem-13331	196	8	and	and	CCONJ
fbem-13331	196	9	(	(	PUNCT
fbem-13331	196	10	2	2	X
fbem-13331	196	11	)	)	PUNCT
fbem-13331	196	12	of	of	ADP
fbem-13331	196	13	table	table	NOUN
fbem-13331	196	14	9	9	NUM
fbem-13331	196	15	,	,	PUNCT
fbem-13331	196	16	when	when	SCONJ
fbem-13331	196	17	the	the	DET
fbem-13331	196	18	vc	vc	NOUN
fbem-13331	196	19	is	be	AUX
fbem-13331	196	20	a	a	DET
fbem-13331	196	21	state	state	NOUN
fbem-13331	196	22	-	-	PUNCT
fbem-13331	196	23	owned	own	VERB
fbem-13331	196	24	institution	institution	NOUN
fbem-13331	196	25	,	,	PUNCT
fbem-13331	196	26	the	the	DET
fbem-13331	196	27	pol	pol	NOUN
fbem-13331	196	28	coefficient	coefficient	NOUN
fbem-13331	196	29	is	be	AUX
fbem-13331	196	30	0.9646	0.9646	NUM
fbem-13331	196	31	and	and	CCONJ
fbem-13331	196	32	is	be	AUX
fbem-13331	196	33	significant	significant	ADJ
fbem-13331	196	34	at	at	ADP
fbem-13331	196	35	the	the	DET
fbem-13331	196	36	5	5	NUM
fbem-13331	196	37	%	%	NOUN
fbem-13331	196	38	level	level	NOUN
fbem-13331	196	39	;	;	PUNCT
fbem-13331	196	40	when	when	SCONJ
fbem-13331	196	41	the	the	DET
fbem-13331	196	42	vc	vc	PROPN
fbem-13331	196	43	is	be	AUX
fbem-13331	196	44	a	a	DET
fbem-13331	196	45	private	private	ADJ
fbem-13331	196	46	institution	institution	NOUN
fbem-13331	196	47	,	,	PUNCT
fbem-13331	196	48	the	the	DET
fbem-13331	196	49	pol	pol	NOUN
fbem-13331	196	50	coefficient	coefficient	NOUN
fbem-13331	196	51	is	be	AUX
fbem-13331	196	52	0.5393	0.5393	NUM
fbem-13331	196	53	,	,	PUNCT
fbem-13331	196	54	which	which	PRON
fbem-13331	196	55	is	be	AUX
fbem-13331	196	56	significant	significant	ADJ
fbem-13331	196	57	at	at	ADP
fbem-13331	196	58	the	the	DET
fbem-13331	196	59	1	1	NUM
fbem-13331	196	60	%	%	NOUN
fbem-13331	196	61	level	level	NOUN
fbem-13331	196	62	,	,	PUNCT
fbem-13331	196	63	so	so	CCONJ
fbem-13331	196	64	the	the	DET
fbem-13331	196	65	state	state	NOUN
fbem-13331	196	66	-	-	PUNCT
fbem-13331	196	67	owned	own	VERB
fbem-13331	196	68	vc	vc	NOUN
fbem-13331	196	69	promotes	promote	VERB
fbem-13331	196	70	the	the	DET
fbem-13331	196	71	effect	effect	NOUN
fbem-13331	196	72	of	of	ADP
fbem-13331	196	73	basic	basic	ADJ
fbem-13331	196	74	innovation	innovation	NOUN
fbem-13331	196	75	of	of	ADP
fbem-13331	196	76	the	the	DET
fbem-13331	196	77	enterprise	enterprise	NOUN
fbem-13331	196	78	more	more	ADV
fbem-13331	196	79	under	under	ADP
fbem-13331	196	80	the	the	DET
fbem-13331	196	81	background	background	NOUN
fbem-13331	196	82	of	of	ADP
fbem-13331	196	83	regional	regional	ADJ
fbem-13331	196	84	integration	integration	NOUN
fbem-13331	196	85	,	,	PUNCT
fbem-13331	196	86	and	and	CCONJ
fbem-13331	196	87	verifies	verifie	NOUN
fbem-13331	196	88	that	that	PRON
fbem-13331	196	89	h3	h3	NOUN
fbem-13331	196	90	holds	hold	VERB
fbem-13331	196	91	.	.	PUNCT
fbem-13331	197	1	5.2.2	5.2.2	NUM
fbem-13331	197	2	.	.	PUNCT
fbem-13331	197	3	integration	integration	NOUN
fbem-13331	197	4	policy	policy	NOUN
fbem-13331	197	5	on	on	ADP
fbem-13331	197	6	the	the	DET
fbem-13331	197	7	impact	impact	NOUN
fbem-13331	197	8	of	of	ADP
fbem-13331	197	9	enterprises	enterprise	NOUN
fbem-13331	197	10	in	in	ADP
fbem-13331	197	11	different	different	ADJ
fbem-13331	197	12	industries	industry	NOUN
fbem-13331	197	13	difference	difference	NOUN
fbem-13331	197	14	test	test	NOUN
fbem-13331	197	15	in	in	ADP
fbem-13331	197	16	this	this	DET
fbem-13331	197	17	paper	paper	NOUN
fbem-13331	197	18	,	,	PUNCT
fbem-13331	197	19	the	the	DET
fbem-13331	197	20	whole	whole	ADJ
fbem-13331	197	21	sample	sample	NOUN
fbem-13331	197	22	is	be	AUX
fbem-13331	197	23	divided	divide	VERB
fbem-13331	197	24	into	into	ADP
fbem-13331	197	25	strategic	strategic	ADJ
fbem-13331	197	26	emerging	emerge	VERB
fbem-13331	197	27	enterprises	enterprise	NOUN
fbem-13331	197	28	and	and	CCONJ
fbem-13331	197	29	traditional	traditional	ADJ
fbem-13331	197	30	enterprises	enterprise	NOUN
fbem-13331	197	31	,	,	PUNCT
fbem-13331	197	32	in	in	ADP
fbem-13331	197	33	which	which	PRON
fbem-13331	197	34	the	the	DET
fbem-13331	197	35	strategic	strategic	ADJ
fbem-13331	197	36	emerging	emerge	VERB
fbem-13331	197	37	enterprises	enterprise	NOUN
fbem-13331	197	38	are	be	AUX
fbem-13331	197	39	divided	divide	VERB
fbem-13331	197	40	according	accord	VERB
fbem-13331	197	41	to	to	ADP
fbem-13331	197	42	the	the	DET
fbem-13331	197	43	national	national	PROPN
fbem-13331	197	44	bureau	bureau	PROPN
fbem-13331	197	45	of	of	ADP
fbem-13331	197	46	statistics	statistic	NOUN
fbem-13331	197	47	issued	issue	VERB
fbem-13331	197	48	the	the	DET
fbem-13331	197	49	"	"	PUNCT
fbem-13331	197	50	strategic	strategic	ADJ
fbem-13331	197	51	emerging	emerge	VERB
fbem-13331	197	52	industries	industry	NOUN
fbem-13331	197	53	catalogue	catalogue	NOUN
fbem-13331	197	54	(	(	PUNCT
fbem-13331	197	55	2018	2018	NUM
fbem-13331	197	56	)	)	PUNCT
fbem-13331	197	57	"	"	PUNCT
fbem-13331	197	58	,	,	PUNCT
fbem-13331	197	59	query	query	VERB
fbem-13331	197	60	whether	whether	SCONJ
fbem-13331	197	61	the	the	DET
fbem-13331	197	62	main	main	ADJ
fbem-13331	197	63	business	business	NOUN
fbem-13331	197	64	of	of	ADP
fbem-13331	197	65	the	the	DET
fbem-13331	197	66	enterprise	enterprise	NOUN
fbem-13331	197	67	is	be	AUX
fbem-13331	197	68	included	include	VERB
fbem-13331	197	69	in	in	ADP
fbem-13331	197	70	the	the	DET
fbem-13331	197	71	catalogue	catalogue	NOUN
fbem-13331	197	72	,	,	PUNCT
fbem-13331	197	73	if	if	SCONJ
fbem-13331	197	74	it	it	PRON
fbem-13331	197	75	exists	exist	VERB
fbem-13331	197	76	,	,	PUNCT
fbem-13331	197	77	then	then	ADV
fbem-13331	197	78	it	it	PRON
fbem-13331	197	79	is	be	AUX
fbem-13331	197	80	divided	divide	VERB
fbem-13331	197	81	into	into	ADP
fbem-13331	197	82	strategic	strategic	ADJ
fbem-13331	197	83	emerging	emerge	VERB
fbem-13331	197	84	enterprises	enterprise	NOUN
fbem-13331	197	85	,	,	PUNCT
fbem-13331	197	86	284	284	NUM
fbem-13331	197	87	otherwise	otherwise	ADV
fbem-13331	197	88	it	it	PRON
fbem-13331	197	89	is	be	AUX
fbem-13331	197	90	a	a	DET
fbem-13331	197	91	traditional	traditional	ADJ
fbem-13331	197	92	enterprise	enterprise	NOUN
fbem-13331	197	93	,	,	PUNCT
fbem-13331	197	94	to	to	PART
fbem-13331	197	95	test	test	VERB
fbem-13331	197	96	whether	whether	SCONJ
fbem-13331	197	97	differences	difference	NOUN
fbem-13331	197	98	in	in	ADP
fbem-13331	197	99	the	the	DET
fbem-13331	197	100	characteristics	characteristic	NOUN
fbem-13331	197	101	of	of	ADP
fbem-13331	197	102	the	the	DET
fbem-13331	197	103	industry	industry	NOUN
fbem-13331	197	104	of	of	ADP
fbem-13331	197	105	the	the	DET
fbem-13331	197	106	enterprise	enterprise	NOUN
fbem-13331	197	107	affects	affect	VERB
fbem-13331	197	108	the	the	DET
fbem-13331	197	109	effect	effect	NOUN
fbem-13331	197	110	of	of	ADP
fbem-13331	197	111	the	the	DET
fbem-13331	197	112	regional	regional	ADJ
fbem-13331	197	113	integration	integration	NOUN
fbem-13331	197	114	policy	policy	NOUN
fbem-13331	197	115	,	,	PUNCT
fbem-13331	197	116	and	and	CCONJ
fbem-13331	197	117	the	the	DET
fbem-13331	197	118	test	test	NOUN
fbem-13331	197	119	results	result	NOUN
fbem-13331	197	120	are	be	AUX
fbem-13331	197	121	as	as	SCONJ
fbem-13331	197	122	shown	show	VERB
fbem-13331	197	123	in	in	ADP
fbem-13331	197	124	columns	column	NOUN
fbem-13331	197	125	(	(	PUNCT
fbem-13331	197	126	3	3	NUM
fbem-13331	197	127	)	)	PUNCT
fbem-13331	197	128	and	and	CCONJ
fbem-13331	197	129	(	(	PUNCT
fbem-13331	197	130	4	4	X
fbem-13331	197	131	)	)	PUNCT
fbem-13331	197	132	of	of	ADP
fbem-13331	197	133	table	table	NOUN
fbem-13331	197	134	(	(	PUNCT
fbem-13331	197	135	9	9	NUM
fbem-13331	197	136	)	)	PUNCT
fbem-13331	197	137	.	.	PUNCT
fbem-13331	198	1	in	in	ADP
fbem-13331	198	2	the	the	DET
fbem-13331	198	3	context	context	NOUN
fbem-13331	198	4	of	of	ADP
fbem-13331	198	5	regional	regional	ADJ
fbem-13331	198	6	integration	integration	NOUN
fbem-13331	198	7	,	,	PUNCT
fbem-13331	198	8	the	the	DET
fbem-13331	198	9	role	role	NOUN
fbem-13331	198	10	of	of	ADP
fbem-13331	198	11	venture	venture	NOUN
fbem-13331	198	12	capital	capital	NOUN
fbem-13331	198	13	in	in	ADP
fbem-13331	198	14	enhancing	enhance	VERB
fbem-13331	198	15	the	the	DET
fbem-13331	198	16	fundamental	fundamental	ADJ
fbem-13331	198	17	innovation	innovation	NOUN
fbem-13331	198	18	of	of	ADP
fbem-13331	198	19	strategic	strategic	ADJ
fbem-13331	198	20	emerging	emerge	VERB
fbem-13331	198	21	firms	firm	NOUN
fbem-13331	198	22	is	be	AUX
fbem-13331	198	23	more	more	ADV
fbem-13331	198	24	obvious	obvious	ADJ
fbem-13331	198	25	.	.	PUNCT
fbem-13331	199	1	from	from	ADP
fbem-13331	199	2	columns	column	NOUN
fbem-13331	199	3	(	(	PUNCT
fbem-13331	199	4	3	3	NUM
fbem-13331	199	5	)	)	PUNCT
fbem-13331	199	6	and	and	CCONJ
fbem-13331	199	7	(	(	PUNCT
fbem-13331	199	8	4	4	X
fbem-13331	199	9	)	)	PUNCT
fbem-13331	199	10	of	of	ADP
fbem-13331	199	11	table	table	NOUN
fbem-13331	199	12	9	9	NUM
fbem-13331	199	13	,	,	PUNCT
fbem-13331	199	14	the	the	DET
fbem-13331	199	15	integration	integration	NOUN
fbem-13331	199	16	policy	policy	NOUN
fbem-13331	199	17	effect	effect	NOUN
fbem-13331	199	18	(	(	PUNCT
fbem-13331	199	19	)	)	PUNCT
fbem-13331	199	20	of	of	ADP
fbem-13331	199	21	strategic	strategic	ADJ
fbem-13331	199	22	emerging	emerge	VERB
fbem-13331	199	23	enterprises	enterprise	NOUN
fbem-13331	199	24	and	and	CCONJ
fbem-13331	199	25	traditional	traditional	ADJ
fbem-13331	199	26	enterprises	enterprise	NOUN
fbem-13331	199	27	is	be	AUX
fbem-13331	199	28	0.9437	0.9437	NUM
fbem-13331	199	29	and	and	CCONJ
fbem-13331	199	30	0.4056	0.4056	NUM
fbem-13331	199	31	,	,	PUNCT
fbem-13331	199	32	respectively	respectively	ADV
fbem-13331	199	33	,	,	PUNCT
fbem-13331	199	34	with	with	ADP
fbem-13331	199	35	a	a	DET
fbem-13331	199	36	large	large	ADJ
fbem-13331	199	37	gap	gap	NOUN
fbem-13331	199	38	between	between	ADP
fbem-13331	199	39	the	the	DET
fbem-13331	199	40	policy	policy	NOUN
fbem-13331	199	41	effects	effect	NOUN
fbem-13331	199	42	of	of	ADP
fbem-13331	199	43	the	the	DET
fbem-13331	199	44	two	two	NUM
fbem-13331	199	45	,	,	PUNCT
fbem-13331	199	46	and	and	CCONJ
fbem-13331	199	47	they	they	PRON
fbem-13331	199	48	are	be	AUX
fbem-13331	199	49	both	both	ADV
fbem-13331	199	50	significant	significant	ADJ
fbem-13331	199	51	at	at	ADP
fbem-13331	199	52	the	the	DET
fbem-13331	199	53	1	1	NUM
fbem-13331	199	54	%	%	NOUN
fbem-13331	199	55	level	level	NOUN
fbem-13331	199	56	,	,	PUNCT
fbem-13331	199	57	indicating	indicate	VERB
fbem-13331	199	58	that	that	SCONJ
fbem-13331	199	59	,	,	PUNCT
fbem-13331	199	60	relative	relative	ADJ
fbem-13331	199	61	to	to	ADP
fbem-13331	199	62	the	the	DET
fbem-13331	199	63	traditional	traditional	ADJ
fbem-13331	199	64	enterprises	enterprise	NOUN
fbem-13331	199	65	,	,	PUNCT
fbem-13331	199	66	regional	regional	ADJ
fbem-13331	199	67	integration	integration	NOUN
fbem-13331	199	68	can	can	AUX
fbem-13331	199	69	significantly	significantly	ADV
fbem-13331	199	70	improve	improve	VERB
fbem-13331	199	71	the	the	DET
fbem-13331	199	72	mismatch	mismatch	NOUN
fbem-13331	199	73	between	between	ADP
fbem-13331	199	74	strategic	strategic	ADJ
fbem-13331	199	75	emerging	emerge	VERB
fbem-13331	199	76	enterprises	enterprise	NOUN
fbem-13331	199	77	and	and	CCONJ
fbem-13331	199	78	venture	venture	NOUN
fbem-13331	199	79	capital	capital	NOUN
fbem-13331	199	80	,	,	PUNCT
fbem-13331	199	81	which	which	PRON
fbem-13331	199	82	in	in	ADP
fbem-13331	199	83	turn	turn	NOUN
fbem-13331	199	84	promotes	promote	VERB
fbem-13331	199	85	the	the	DET
fbem-13331	199	86	development	development	NOUN
fbem-13331	199	87	of	of	ADP
fbem-13331	199	88	their	their	PRON
fbem-13331	199	89	foundational	foundational	ADJ
fbem-13331	199	90	innovation	innovation	NOUN
fbem-13331	199	91	.	.	PUNCT
fbem-13331	200	1	in	in	ADP
fbem-13331	200	2	summary	summary	NOUN
fbem-13331	200	3	,	,	PUNCT
fbem-13331	200	4	hypothesis	hypothesis	NOUN
fbem-13331	200	5	h4	h4	NOUN
fbem-13331	200	6	is	be	AUX
fbem-13331	200	7	verified	verify	VERB
fbem-13331	200	8	.	.	PUNCT
fbem-13331	201	1	table	table	NOUN
fbem-13331	201	2	9	9	NUM
fbem-13331	201	3	.	.	PUNCT
fbem-13331	202	1	heterogeneity	heterogeneity	NOUN
fbem-13331	202	2	test	test	NOUN
fbem-13331	202	3	results	result	VERB
fbem-13331	202	4	state	state	NOUN
fbem-13331	202	5	-	-	PUNCT
fbem-13331	202	6	owned	own	VERB
fbem-13331	202	7	vc	vc	PROPN
fbem-13331	202	8	private	private	ADJ
fbem-13331	202	9	vc	vc	PROPN
fbem-13331	202	10	strategic	strategic	ADJ
fbem-13331	202	11	emerging	emerge	VERB
fbem-13331	202	12	enterprise	enterprise	NOUN
fbem-13331	202	13	traditional	traditional	ADJ
fbem-13331	202	14	enterprise	enterprise	NOUN
fbem-13331	202	15	(	(	PUNCT
fbem-13331	202	16	1	1	NUM
fbem-13331	202	17	)	)	PUNCT
fbem-13331	202	18	(	(	PUNCT
fbem-13331	202	19	2	2	NUM
fbem-13331	202	20	)	)	PUNCT
fbem-13331	202	21	(	(	PUNCT
fbem-13331	202	22	3	3	X
fbem-13331	202	23	)	)	PUNCT
fbem-13331	202	24	(	(	PUNCT
fbem-13331	202	25	4	4	X
fbem-13331	202	26	)	)	PUNCT
fbem-13331	202	27	bas_innov	bas_innov	NOUN
fbem-13331	202	28	bas_innov	bas_innov	NOUN
fbem-13331	202	29	bas_innov	bas_innov	NOUN
fbem-13331	202	30	bas_innov	bas_innov	VERB
fbem-13331	202	31	pol	pol	PROPN
fbem-13331	202	32	0.9646	0.9646	PROPN
fbem-13331	202	33	*	*	PUNCT
fbem-13331	202	34	*	*	PUNCT
fbem-13331	202	35	0.5393	0.5393	NUM
fbem-13331	202	36	*	*	PUNCT
fbem-13331	202	37	*	*	PUNCT
fbem-13331	202	38	*	*	PUNCT
fbem-13331	202	39	0.9437	0.9437	NUM
fbem-13331	202	40	*	*	PUNCT
fbem-13331	202	41	*	*	PUNCT
fbem-13331	202	42	*	*	PUNCT
fbem-13331	202	43	0.4056	0.4056	NUM
fbem-13331	202	44	*	*	PUNCT
fbem-13331	202	45	*	*	PUNCT
fbem-13331	202	46	*	*	PUNCT
fbem-13331	202	47	(	(	PUNCT
fbem-13331	202	48	2.5221	2.5221	NUM
fbem-13331	202	49	)	)	PUNCT
fbem-13331	202	50	(	(	PUNCT
fbem-13331	202	51	3.0831	3.0831	NUM
fbem-13331	202	52	)	)	PUNCT
fbem-13331	202	53	(	(	PUNCT
fbem-13331	202	54	2.7562	2.7562	NUM
fbem-13331	202	55	)	)	PUNCT
fbem-13331	202	56	(	(	PUNCT
fbem-13331	202	57	2.4065	2.4065	NUM
fbem-13331	202	58	)	)	PUNCT
fbem-13331	202	59	n	n	CCONJ
fbem-13331	202	60	746	746	NUM
fbem-13331	202	61	1124	1124	NUM
fbem-13331	202	62	610	610	NUM
fbem-13331	202	63	1260	1260	NUM
fbem-13331	202	64	r2_a	r2_a	NOUN
fbem-13331	202	65	0.6093	0.6093	NUM
fbem-13331	202	66	0.6736	0.6736	NUM
fbem-13331	202	67	0.6067	0.6067	NUM
fbem-13331	202	68	0.6579	0.6579	NUM
fbem-13331	202	69	6	6	NUM
fbem-13331	202	70	.	.	PUNCT
fbem-13331	202	71	research	research	NOUN
fbem-13331	202	72	conclusions	conclusion	NOUN
fbem-13331	202	73	and	and	CCONJ
fbem-13331	202	74	policy	policy	NOUN
fbem-13331	202	75	recommendations	recommendation	NOUN
fbem-13331	202	76	venture	venture	NOUN
fbem-13331	202	77	capital	capital	NOUN
fbem-13331	202	78	is	be	AUX
fbem-13331	202	79	an	an	DET
fbem-13331	202	80	important	important	ADJ
fbem-13331	202	81	external	external	ADJ
fbem-13331	202	82	financing	financing	NOUN
fbem-13331	202	83	channel	channel	NOUN
fbem-13331	202	84	for	for	ADP
fbem-13331	202	85	technological	technological	ADJ
fbem-13331	202	86	innovation	innovation	NOUN
fbem-13331	202	87	of	of	ADP
fbem-13331	202	88	enterprises	enterprise	NOUN
fbem-13331	202	89	in	in	ADP
fbem-13331	202	90	china	china	PROPN
fbem-13331	202	91	,	,	PUNCT
fbem-13331	202	92	but	but	CCONJ
fbem-13331	202	93	due	due	ADP
fbem-13331	202	94	to	to	ADP
fbem-13331	202	95	the	the	DET
fbem-13331	202	96	administrative	administrative	ADJ
fbem-13331	202	97	boundary	boundary	ADJ
fbem-13331	202	98	effect	effect	NOUN
fbem-13331	202	99	and	and	CCONJ
fbem-13331	202	100	the	the	DET
fbem-13331	202	101	institutional	institutional	ADJ
fbem-13331	202	102	distance	distance	NOUN
fbem-13331	202	103	formed	form	VERB
fbem-13331	202	104	by	by	ADP
fbem-13331	202	105	local	local	ADJ
fbem-13331	202	106	protectionism	protectionism	NOUN
fbem-13331	202	107	,	,	PUNCT
fbem-13331	202	108	which	which	PRON
fbem-13331	202	109	leads	lead	VERB
fbem-13331	202	110	to	to	ADP
fbem-13331	202	111	the	the	DET
fbem-13331	202	112	existence	existence	NOUN
fbem-13331	202	113	of	of	ADP
fbem-13331	202	114	obvious	obvious	ADJ
fbem-13331	202	115	local	local	ADJ
fbem-13331	202	116	preference	preference	NOUN
fbem-13331	202	117	of	of	ADP
fbem-13331	202	118	risk	risk	NOUN
fbem-13331	202	119	institutions	institution	NOUN
fbem-13331	202	120	,	,	PUNCT
fbem-13331	202	121	there	there	PRON
fbem-13331	202	122	is	be	VERB
fbem-13331	202	123	a	a	DET
fbem-13331	202	124	long	long	ADJ
fbem-13331	202	125	-	-	PUNCT
fbem-13331	202	126	term	term	NOUN
fbem-13331	202	127	mismatch	mismatch	NOUN
fbem-13331	202	128	in	in	ADP
fbem-13331	202	129	the	the	DET
fbem-13331	202	130	venture	venture	NOUN
fbem-13331	202	131	capital	capital	NOUN
fbem-13331	202	132	market	market	NOUN
fbem-13331	202	133	,	,	PUNCT
fbem-13331	202	134	and	and	CCONJ
fbem-13331	202	135	the	the	DET
fbem-13331	202	136	original	original	ADJ
fbem-13331	202	137	innovation	innovation	NOUN
fbem-13331	202	138	of	of	ADP
fbem-13331	202	139	enterprises	enterprise	NOUN
fbem-13331	202	140	is	be	AUX
fbem-13331	202	141	weak	weak	ADJ
fbem-13331	202	142	.	.	PUNCT
fbem-13331	203	1	this	this	DET
fbem-13331	203	2	paper	paper	NOUN
fbem-13331	203	3	takes	take	VERB
fbem-13331	203	4	the	the	DET
fbem-13331	203	5	enterprises	enterprise	NOUN
fbem-13331	203	6	receiving	receive	VERB
fbem-13331	203	7	venture	venture	NOUN
fbem-13331	203	8	capital	capital	NOUN
fbem-13331	203	9	in	in	ADP
fbem-13331	203	10	east	east	PROPN
fbem-13331	203	11	and	and	CCONJ
fbem-13331	203	12	central	central	ADJ
fbem-13331	203	13	china	china	PROPN
fbem-13331	203	14	from	from	ADP
fbem-13331	203	15	2005	2005	NUM
fbem-13331	203	16	to	to	ADP
fbem-13331	203	17	2019	2019	NUM
fbem-13331	203	18	as	as	ADP
fbem-13331	203	19	the	the	DET
fbem-13331	203	20	research	research	NOUN
fbem-13331	203	21	object	object	NOUN
fbem-13331	203	22	,	,	PUNCT
fbem-13331	203	23	and	and	CCONJ
fbem-13331	203	24	sets	set	VERB
fbem-13331	203	25	the	the	DET
fbem-13331	203	26	yangtze	yangtze	PROPN
fbem-13331	203	27	river	river	PROPN
fbem-13331	203	28	delta	delta	NOUN
fbem-13331	203	29	integration	integration	NOUN
fbem-13331	203	30	process	process	NOUN
fbem-13331	203	31	as	as	ADP
fbem-13331	203	32	a	a	DET
fbem-13331	203	33	"	"	PUNCT
fbem-13331	203	34	quasi	quasi	ADJ
fbem-13331	203	35	-	-	ADJ
fbem-13331	203	36	natural	natural	ADJ
fbem-13331	203	37	experiment	experiment	NOUN
fbem-13331	203	38	"	"	PUNCT
fbem-13331	203	39	to	to	PART
fbem-13331	203	40	test	test	VERB
fbem-13331	203	41	whether	whether	SCONJ
fbem-13331	203	42	the	the	DET
fbem-13331	203	43	regional	regional	ADJ
fbem-13331	203	44	integration	integration	NOUN
fbem-13331	203	45	policy	policy	NOUN
fbem-13331	203	46	affects	affect	VERB
fbem-13331	203	47	the	the	DET
fbem-13331	203	48	effect	effect	NOUN
fbem-13331	203	49	of	of	ADP
fbem-13331	203	50	venture	venture	NOUN
fbem-13331	203	51	capital	capital	NOUN
fbem-13331	203	52	intervention	intervention	NOUN
fbem-13331	203	53	on	on	ADP
fbem-13331	203	54	enterprises	enterprise	NOUN
fbem-13331	203	55	'	'	PART
fbem-13331	203	56	basic	basic	ADJ
fbem-13331	203	57	innovation	innovation	NOUN
fbem-13331	203	58	.	.	PUNCT
fbem-13331	204	1	the	the	DET
fbem-13331	204	2	study	study	NOUN
fbem-13331	204	3	finds	find	VERB
fbem-13331	204	4	that	that	PRON
fbem-13331	204	5	:	:	PUNCT
fbem-13331	204	6	firstly	firstly	ADV
fbem-13331	204	7	,	,	PUNCT
fbem-13331	204	8	regional	regional	ADJ
fbem-13331	204	9	integration	integration	NOUN
fbem-13331	204	10	policy	policy	NOUN
fbem-13331	204	11	can	can	AUX
fbem-13331	204	12	enhance	enhance	VERB
fbem-13331	204	13	the	the	DET
fbem-13331	204	14	promotion	promotion	NOUN
fbem-13331	204	15	effect	effect	NOUN
fbem-13331	204	16	of	of	ADP
fbem-13331	204	17	vc	vc	PROPN
fbem-13331	204	18	on	on	ADP
fbem-13331	204	19	basic	basic	ADJ
fbem-13331	204	20	innovation	innovation	NOUN
fbem-13331	204	21	of	of	ADP
fbem-13331	204	22	enterprises	enterprise	NOUN
fbem-13331	204	23	;	;	PUNCT
fbem-13331	204	24	secondly	secondly	ADV
fbem-13331	204	25	,	,	PUNCT
fbem-13331	204	26	the	the	DET
fbem-13331	204	27	implementation	implementation	NOUN
fbem-13331	204	28	of	of	ADP
fbem-13331	204	29	integration	integration	NOUN
fbem-13331	204	30	policy	policy	NOUN
fbem-13331	204	31	can	can	AUX
fbem-13331	204	32	shorten	shorten	VERB
fbem-13331	204	33	the	the	DET
fbem-13331	204	34	institutional	institutional	ADJ
fbem-13331	204	35	distance	distance	NOUN
fbem-13331	204	36	between	between	ADP
fbem-13331	204	37	cities	city	NOUN
fbem-13331	204	38	in	in	ADP
fbem-13331	204	39	the	the	DET
fbem-13331	204	40	region	region	NOUN
fbem-13331	204	41	,	,	PUNCT
fbem-13331	204	42	alleviate	alleviate	VERB
fbem-13331	204	43	the	the	DET
fbem-13331	204	44	agency	agency	NOUN
fbem-13331	204	45	risk	risk	NOUN
fbem-13331	204	46	,	,	PUNCT
fbem-13331	204	47	market	market	NOUN
fbem-13331	204	48	risk	risk	NOUN
fbem-13331	204	49	and	and	CCONJ
fbem-13331	204	50	execution	execution	NOUN
fbem-13331	204	51	risk	risk	NOUN
fbem-13331	204	52	caused	cause	VERB
fbem-13331	204	53	by	by	ADP
fbem-13331	204	54	the	the	DET
fbem-13331	204	55	information	information	NOUN
fbem-13331	204	56	asymmetry	asymmetry	NOUN
fbem-13331	204	57	between	between	ADP
fbem-13331	204	58	vcs	vcs	PROPN
fbem-13331	204	59	and	and	CCONJ
fbem-13331	204	60	invested	invest	VERB
fbem-13331	204	61	enterprises	enterprise	NOUN
fbem-13331	204	62	,	,	PUNCT
fbem-13331	204	63	and	and	CCONJ
fbem-13331	204	64	then	then	ADV
fbem-13331	204	65	promote	promote	VERB
fbem-13331	204	66	basic	basic	ADJ
fbem-13331	204	67	innovation	innovation	NOUN
fbem-13331	204	68	of	of	ADP
fbem-13331	204	69	enterprises	enterprise	NOUN
fbem-13331	204	70	;	;	PUNCT
fbem-13331	204	71	thirdly	thirdly	ADV
fbem-13331	204	72	,	,	PUNCT
fbem-13331	204	73	the	the	DET
fbem-13331	204	74	effect	effect	NOUN
fbem-13331	204	75	of	of	ADP
fbem-13331	204	76	integration	integration	NOUN
fbem-13331	204	77	policy	policy	NOUN
fbem-13331	204	78	is	be	AUX
fbem-13331	204	79	affected	affect	VERB
fbem-13331	204	80	by	by	ADP
fbem-13331	204	81	the	the	DET
fbem-13331	204	82	nature	nature	NOUN
fbem-13331	204	83	of	of	ADP
fbem-13331	204	84	the	the	DET
fbem-13331	204	85	equity	equity	NOUN
fbem-13331	204	86	of	of	ADP
fbem-13331	204	87	vc	vc	PROPN
fbem-13331	204	88	institutions	institution	NOUN
fbem-13331	204	89	and	and	CCONJ
fbem-13331	204	90	the	the	DET
fbem-13331	204	91	industry	industry	NOUN
fbem-13331	204	92	characteristics	characteristic	NOUN
fbem-13331	204	93	of	of	ADP
fbem-13331	204	94	invested	invest	VERB
fbem-13331	204	95	enterprises	enterprise	NOUN
fbem-13331	204	96	;	;	PUNCT
fbem-13331	204	97	thirdly	thirdly	ADV
fbem-13331	204	98	,	,	PUNCT
fbem-13331	204	99	the	the	DET
fbem-13331	204	100	effect	effect	NOUN
fbem-13331	204	101	of	of	ADP
fbem-13331	204	102	integration	integration	NOUN
fbem-13331	204	103	policy	policy	NOUN
fbem-13331	204	104	is	be	AUX
fbem-13331	204	105	influenced	influence	VERB
fbem-13331	204	106	by	by	ADP
fbem-13331	204	107	the	the	DET
fbem-13331	204	108	nature	nature	NOUN
fbem-13331	204	109	of	of	ADP
fbem-13331	204	110	the	the	DET
fbem-13331	204	111	equity	equity	NOUN
fbem-13331	204	112	of	of	ADP
fbem-13331	204	113	vc	vc	PROPN
fbem-13331	204	114	institutions	institution	NOUN
fbem-13331	204	115	and	and	CCONJ
fbem-13331	204	116	the	the	DET
fbem-13331	204	117	industry	industry	NOUN
fbem-13331	204	118	characteristics	characteristic	NOUN
fbem-13331	204	119	of	of	ADP
fbem-13331	204	120	invested	invest	VERB
fbem-13331	204	121	enterprises	enterprise	NOUN
fbem-13331	204	122	.	.	PUNCT
fbem-13331	205	1	thirdly	thirdly	ADV
fbem-13331	205	2	,	,	PUNCT
fbem-13331	205	3	the	the	DET
fbem-13331	205	4	integration	integration	NOUN
fbem-13331	205	5	policy	policy	NOUN
fbem-13331	205	6	effect	effect	NOUN
fbem-13331	205	7	is	be	AUX
fbem-13331	205	8	affected	affect	VERB
fbem-13331	205	9	by	by	ADP
fbem-13331	205	10	the	the	DET
fbem-13331	205	11	nature	nature	NOUN
fbem-13331	205	12	of	of	ADP
fbem-13331	205	13	the	the	DET
fbem-13331	205	14	equity	equity	NOUN
fbem-13331	205	15	of	of	ADP
fbem-13331	205	16	the	the	DET
fbem-13331	205	17	vc	vc	PROPN
fbem-13331	205	18	and	and	CCONJ
fbem-13331	205	19	the	the	DET
fbem-13331	205	20	industry	industry	NOUN
fbem-13331	205	21	characteristics	characteristic	NOUN
fbem-13331	205	22	of	of	ADP
fbem-13331	205	23	the	the	DET
fbem-13331	205	24	invested	invest	VERB
fbem-13331	205	25	enterprise	enterprise	NOUN
fbem-13331	205	26	:	:	PUNCT
fbem-13331	205	27	when	when	SCONJ
fbem-13331	205	28	the	the	DET
fbem-13331	205	29	vc	vc	PROPN
fbem-13331	205	30	has	have	VERB
fbem-13331	205	31	a	a	DET
fbem-13331	205	32	state	state	NOUN
fbem-13331	205	33	-	-	PUNCT
fbem-13331	205	34	funded	fund	VERB
fbem-13331	205	35	background	background	NOUN
fbem-13331	205	36	,	,	PUNCT
fbem-13331	205	37	the	the	DET
fbem-13331	205	38	invested	invest	VERB
fbem-13331	205	39	enterprise	enterprise	NOUN
fbem-13331	205	40	is	be	AUX
fbem-13331	205	41	a	a	DET
fbem-13331	205	42	strategic	strategic	ADJ
fbem-13331	205	43	emerging	emerge	VERB
fbem-13331	205	44	enterprise	enterprise	NOUN
fbem-13331	205	45	,	,	PUNCT
fbem-13331	205	46	and	and	CCONJ
fbem-13331	205	47	the	the	DET
fbem-13331	205	48	city	city	NOUN
fbem-13331	205	49	in	in	ADP
fbem-13331	205	50	which	which	PRON
fbem-13331	205	51	the	the	DET
fbem-13331	205	52	enterprise	enterprise	NOUN
fbem-13331	205	53	is	be	AUX
fbem-13331	205	54	located	locate	VERB
fbem-13331	205	55	is	be	AUX
fbem-13331	205	56	a	a	DET
fbem-13331	205	57	peripheral	peripheral	ADJ
fbem-13331	205	58	area	area	NOUN
fbem-13331	205	59	,	,	PUNCT
fbem-13331	205	60	the	the	DET
fbem-13331	205	61	regional	regional	ADJ
fbem-13331	205	62	integration	integration	NOUN
fbem-13331	205	63	policy	policy	NOUN
fbem-13331	205	64	effect	effect	NOUN
fbem-13331	205	65	is	be	AUX
fbem-13331	205	66	more	more	ADV
fbem-13331	205	67	prominent	prominent	ADJ
fbem-13331	205	68	;	;	PUNCT
fbem-13331	205	69	when	when	SCONJ
fbem-13331	205	70	the	the	DET
fbem-13331	205	71	vc	vc	PROPN
fbem-13331	205	72	is	be	AUX
fbem-13331	205	73	a	a	DET
fbem-13331	205	74	private	private	ADJ
fbem-13331	205	75	institution	institution	NOUN
fbem-13331	205	76	,	,	PUNCT
fbem-13331	205	77	the	the	DET
fbem-13331	205	78	invested	invest	VERB
fbem-13331	205	79	enterprise	enterprise	NOUN
fbem-13331	205	80	is	be	AUX
fbem-13331	205	81	in	in	ADP
fbem-13331	205	82	a	a	DET
fbem-13331	205	83	traditional	traditional	ADJ
fbem-13331	205	84	industry	industry	NOUN
fbem-13331	205	85	,	,	PUNCT
fbem-13331	205	86	and	and	CCONJ
fbem-13331	205	87	the	the	DET
fbem-13331	205	88	city	city	NOUN
fbem-13331	205	89	in	in	ADP
fbem-13331	205	90	which	which	PRON
fbem-13331	205	91	the	the	DET
fbem-13331	205	92	enterprise	enterprise	NOUN
fbem-13331	205	93	is	be	AUX
fbem-13331	205	94	located	locate	VERB
fbem-13331	205	95	is	be	AUX
fbem-13331	205	96	a	a	DET
fbem-13331	205	97	central	central	ADJ
fbem-13331	205	98	city	city	NOUN
fbem-13331	205	99	,	,	PUNCT
fbem-13331	205	100	the	the	DET
fbem-13331	205	101	integration	integration	NOUN
fbem-13331	205	102	policy	policy	NOUN
fbem-13331	205	103	effect	effect	NOUN
fbem-13331	205	104	is	be	AUX
fbem-13331	205	105	relatively	relatively	ADV
fbem-13331	205	106	low	low	ADJ
fbem-13331	205	107	.	.	PUNCT
fbem-13331	206	1	based	base	VERB
fbem-13331	206	2	on	on	ADP
fbem-13331	206	3	the	the	DET
fbem-13331	206	4	above	above	ADJ
fbem-13331	206	5	conclusions	conclusion	NOUN
fbem-13331	206	6	,	,	PUNCT
fbem-13331	206	7	the	the	DET
fbem-13331	206	8	following	follow	VERB
fbem-13331	206	9	policy	policy	NOUN
fbem-13331	206	10	recommendations	recommendation	NOUN
fbem-13331	206	11	are	be	AUX
fbem-13331	206	12	put	put	VERB
fbem-13331	206	13	forward	forward	ADV
fbem-13331	206	14	:	:	PUNCT
fbem-13331	206	15	first	first	ADJ
fbem-13331	206	16	,	,	PUNCT
fbem-13331	206	17	deeply	deeply	ADV
fbem-13331	206	18	implement	implement	VERB
fbem-13331	206	19	the	the	DET
fbem-13331	206	20	strategy	strategy	NOUN
fbem-13331	206	21	of	of	ADP
fbem-13331	206	22	coordinated	coordinate	VERB
fbem-13331	206	23	regional	regional	ADJ
fbem-13331	206	24	development	development	NOUN
fbem-13331	206	25	,	,	PUNCT
fbem-13331	206	26	break	break	VERB
fbem-13331	206	27	down	down	ADP
fbem-13331	206	28	local	local	ADJ
fbem-13331	206	29	protectionism	protectionism	NOUN
fbem-13331	206	30	,	,	PUNCT
fbem-13331	206	31	market	market	NOUN
fbem-13331	206	32	segmentation	segmentation	NOUN
fbem-13331	206	33	and	and	CCONJ
fbem-13331	206	34	administrative	administrative	ADJ
fbem-13331	206	35	barriers	barrier	NOUN
fbem-13331	206	36	among	among	ADP
fbem-13331	206	37	cities	city	NOUN
fbem-13331	206	38	,	,	PUNCT
fbem-13331	206	39	promote	promote	VERB
fbem-13331	206	40	the	the	DET
fbem-13331	206	41	flow	flow	NOUN
fbem-13331	206	42	of	of	ADP
fbem-13331	206	43	information	information	NOUN
fbem-13331	206	44	,	,	PUNCT
fbem-13331	206	45	capital	capital	NOUN
fbem-13331	206	46	,	,	PUNCT
fbem-13331	206	47	technology	technology	NOUN
fbem-13331	206	48	and	and	CCONJ
fbem-13331	206	49	other	other	ADJ
fbem-13331	206	50	innovation	innovation	NOUN
fbem-13331	206	51	factors	factor	NOUN
fbem-13331	206	52	in	in	ADP
fbem-13331	206	53	a	a	DET
fbem-13331	206	54	wider	wide	ADJ
fbem-13331	206	55	scope	scope	NOUN
fbem-13331	206	56	,	,	PUNCT
fbem-13331	206	57	gradually	gradually	ADV
fbem-13331	206	58	promote	promote	VERB
fbem-13331	206	59	the	the	DET
fbem-13331	206	60	construction	construction	NOUN
fbem-13331	206	61	of	of	ADP
fbem-13331	206	62	a	a	DET
fbem-13331	206	63	national	national	ADJ
fbem-13331	206	64	unified	unified	ADJ
fbem-13331	206	65	market	market	NOUN
fbem-13331	206	66	with	with	ADP
fbem-13331	206	67	fair	fair	ADJ
fbem-13331	206	68	competition	competition	NOUN
fbem-13331	206	69	and	and	CCONJ
fbem-13331	206	70	full	full	ADJ
fbem-13331	206	71	openness	openness	NOUN
fbem-13331	206	72	,	,	PUNCT
fbem-13331	206	73	and	and	CCONJ
fbem-13331	206	74	create	create	VERB
fbem-13331	206	75	a	a	DET
fbem-13331	206	76	good	good	ADJ
fbem-13331	206	77	institutional	institutional	ADJ
fbem-13331	206	78	environment	environment	NOUN
fbem-13331	206	79	for	for	ADP
fbem-13331	206	80	the	the	DET
fbem-13331	206	81	inter	inter	ADJ
fbem-13331	206	82	-	-	ADJ
fbem-13331	206	83	regional	regional	ADJ
fbem-13331	206	84	flow	flow	NOUN
fbem-13331	206	85	of	of	ADP
fbem-13331	206	86	venture	venture	NOUN
fbem-13331	206	87	capital	capital	NOUN
fbem-13331	206	88	;	;	PUNCT
fbem-13331	206	89	give	give	VERB
fbem-13331	206	90	play	play	NOUN
fbem-13331	206	91	to	to	ADP
fbem-13331	206	92	the	the	DET
fbem-13331	206	93	role	role	NOUN
fbem-13331	206	94	of	of	ADP
fbem-13331	206	95	radiationdriven	radiationdriven	ADJ
fbem-13331	206	96	role	role	NOUN
fbem-13331	206	97	of	of	ADP
fbem-13331	206	98	core	core	ADJ
fbem-13331	206	99	cities	city	NOUN
fbem-13331	206	100	,	,	PUNCT
fbem-13331	206	101	and	and	CCONJ
fbem-13331	206	102	play	play	VERB
fbem-13331	206	103	an	an	DET
fbem-13331	206	104	important	important	ADJ
fbem-13331	206	105	role	role	NOUN
fbem-13331	206	106	in	in	ADP
fbem-13331	206	107	upgrading	upgrade	VERB
fbem-13331	206	108	the	the	DET
fbem-13331	206	109	economic	economic	ADJ
fbem-13331	206	110	efficiency	efficiency	NOUN
fbem-13331	206	111	of	of	ADP
fbem-13331	206	112	vcs	vcs	PROPN
fbem-13331	206	113	.	.	PUNCT
fbem-13331	207	1	second	second	ADJ
fbem-13331	207	2	,	,	PUNCT
fbem-13331	207	3	encourage	encourage	VERB
fbem-13331	207	4	state	state	NOUN
fbem-13331	207	5	-	-	PUNCT
fbem-13331	207	6	owned	own	VERB
fbem-13331	207	7	capital	capital	NOUN
fbem-13331	207	8	to	to	PART
fbem-13331	207	9	enter	enter	VERB
fbem-13331	207	10	the	the	DET
fbem-13331	207	11	venture	venture	NOUN
fbem-13331	207	12	capital	capital	NOUN
fbem-13331	207	13	market	market	NOUN
fbem-13331	207	14	.	.	PUNCT
fbem-13331	208	1	secondly	secondly	ADV
fbem-13331	208	2	,	,	PUNCT
fbem-13331	208	3	encourage	encourage	VERB
fbem-13331	208	4	state	state	NOUN
fbem-13331	208	5	-	-	PUNCT
fbem-13331	208	6	owned	own	VERB
fbem-13331	208	7	capital	capital	NOUN
fbem-13331	208	8	to	to	PART
fbem-13331	208	9	enter	enter	VERB
fbem-13331	208	10	the	the	DET
fbem-13331	208	11	venture	venture	NOUN
fbem-13331	208	12	capital	capital	NOUN
fbem-13331	208	13	market	market	NOUN
fbem-13331	208	14	,	,	PUNCT
fbem-13331	208	15	give	give	VERB
fbem-13331	208	16	full	full	ADJ
fbem-13331	208	17	play	play	NOUN
fbem-13331	208	18	to	to	ADP
fbem-13331	208	19	the	the	DET
fbem-13331	208	20	extensive	extensive	ADJ
fbem-13331	208	21	social	social	ADJ
fbem-13331	208	22	network	network	NOUN
fbem-13331	208	23	and	and	CCONJ
fbem-13331	208	24	information	information	NOUN
fbem-13331	208	25	advantages	advantage	NOUN
fbem-13331	208	26	of	of	ADP
fbem-13331	208	27	state	state	NOUN
fbem-13331	208	28	-	-	PUNCT
fbem-13331	208	29	owned	own	VERB
fbem-13331	208	30	capital	capital	NOUN
fbem-13331	208	31	,	,	PUNCT
fbem-13331	208	32	invest	invest	VERB
fbem-13331	208	33	more	more	ADJ
fbem-13331	208	34	state	state	NOUN
fbem-13331	208	35	-	-	PUNCT
fbem-13331	208	36	owned	own	VERB
fbem-13331	208	37	assets	asset	NOUN
fbem-13331	208	38	in	in	ADP
fbem-13331	208	39	high	high	ADJ
fbem-13331	208	40	-	-	PUNCT
fbem-13331	208	41	quality	quality	NOUN
fbem-13331	208	42	projects	project	NOUN
fbem-13331	208	43	,	,	PUNCT
fbem-13331	208	44	alleviate	alleviate	VERB
fbem-13331	208	45	the	the	DET
fbem-13331	208	46	difficulties	difficulty	NOUN
fbem-13331	208	47	of	of	ADP
fbem-13331	208	48	financing	financing	NOUN
fbem-13331	208	49	constraints	constraint	NOUN
fbem-13331	208	50	of	of	ADP
fbem-13331	208	51	small	small	ADJ
fbem-13331	208	52	and	and	CCONJ
fbem-13331	208	53	medium	medium	ADJ
fbem-13331	208	54	-	-	PUNCT
fbem-13331	208	55	sized	sized	ADJ
fbem-13331	208	56	enterprises	enterprise	NOUN
fbem-13331	208	57	and	and	CCONJ
fbem-13331	208	58	start	start	VERB
fbem-13331	208	59	-	-	PUNCT
fbem-13331	208	60	up	up	ADP
fbem-13331	208	61	science	science	NOUN
fbem-13331	208	62	and	and	CCONJ
fbem-13331	208	63	technology	technology	NOUN
fbem-13331	208	64	enterprises	enterprise	NOUN
fbem-13331	208	65	,	,	PUNCT
fbem-13331	208	66	and	and	CCONJ
fbem-13331	208	67	inject	inject	VERB
fbem-13331	208	68	living	living	NOUN
fbem-13331	208	69	water	water	NOUN
fbem-13331	208	70	into	into	ADP
fbem-13331	208	71	their	their	PRON
fbem-13331	208	72	scientific	scientific	ADJ
fbem-13331	208	73	and	and	CCONJ
fbem-13331	208	74	technological	technological	ADJ
fbem-13331	208	75	innovations	innovation	NOUN
fbem-13331	208	76	;	;	PUNCT
fbem-13331	208	77	moreover	moreover	ADV
fbem-13331	208	78	,	,	PUNCT
fbem-13331	208	79	give	give	VERB
fbem-13331	208	80	full	full	ADJ
fbem-13331	208	81	play	play	NOUN
fbem-13331	208	82	to	to	ADP
fbem-13331	208	83	the	the	DET
fbem-13331	208	84	"	"	PUNCT
fbem-13331	208	85	corrective	corrective	ADJ
fbem-13331	208	86	effect	effect	NOUN
fbem-13331	208	87	"	"	PUNCT
fbem-13331	208	88	of	of	ADP
fbem-13331	208	89	the	the	DET
fbem-13331	208	90	government	government	NOUN
fbem-13331	208	91	's	's	PART
fbem-13331	208	92	guiding	guide	VERB
fbem-13331	208	93	fund	fund	NOUN
fbem-13331	208	94	to	to	PART
fbem-13331	208	95	drive	drive	VERB
fbem-13331	208	96	social	social	ADJ
fbem-13331	208	97	capital	capital	NOUN
fbem-13331	208	98	to	to	PART
fbem-13331	208	99	follow	follow	VERB
fbem-13331	208	100	up	up	ADP
fbem-13331	208	101	and	and	CCONJ
fbem-13331	208	102	invest	invest	VERB
fbem-13331	208	103	in	in	ADP
fbem-13331	208	104	start	start	NOUN
fbem-13331	208	105	-	-	PUNCT
fbem-13331	208	106	ups	up	NOUN
fbem-13331	208	107	.	.	PUNCT
fbem-13331	209	1	in	in	ADP
fbem-13331	209	2	addition	addition	NOUN
fbem-13331	209	3	,	,	PUNCT
fbem-13331	209	4	the	the	DET
fbem-13331	209	5	government	government	NOUN
fbem-13331	209	6	's	's	PART
fbem-13331	209	7	guidance	guidance	NOUN
fbem-13331	209	8	fund	fund	NOUN
fbem-13331	209	9	will	will	AUX
fbem-13331	209	10	have	have	VERB
fbem-13331	209	11	a	a	DET
fbem-13331	209	12	"	"	PUNCT
fbem-13331	209	13	corrective	corrective	ADJ
fbem-13331	209	14	effect	effect	NOUN
fbem-13331	209	15	"	"	PUNCT
fbem-13331	209	16	,	,	PUNCT
fbem-13331	209	17	leading	lead	VERB
fbem-13331	209	18	social	social	ADJ
fbem-13331	209	19	capital	capital	NOUN
fbem-13331	209	20	to	to	PART
fbem-13331	209	21	follow	follow	VERB
fbem-13331	209	22	up	up	ADP
fbem-13331	209	23	and	and	CCONJ
fbem-13331	209	24	invest	invest	VERB
fbem-13331	209	25	in	in	ADP
fbem-13331	209	26	start	start	NOUN
fbem-13331	209	27	-	-	PUNCT
fbem-13331	209	28	ups	up	NOUN
fbem-13331	209	29	and	and	CCONJ
fbem-13331	209	30	high	high	ADJ
fbem-13331	209	31	-	-	PUNCT
fbem-13331	209	32	tech	tech	NOUN
fbem-13331	209	33	enterprises	enterprise	NOUN
fbem-13331	209	34	,	,	PUNCT
fbem-13331	209	35	alleviating	alleviate	VERB
fbem-13331	209	36	the	the	DET
fbem-13331	209	37	current	current	ADJ
fbem-13331	209	38	situation	situation	NOUN
fbem-13331	209	39	of	of	ADP
fbem-13331	209	40	investment	investment	NOUN
fbem-13331	209	41	market	market	NOUN
fbem-13331	209	42	failure	failure	NOUN
fbem-13331	209	43	,	,	PUNCT
fbem-13331	209	44	and	and	CCONJ
fbem-13331	209	45	realising	realise	VERB
fbem-13331	209	46	capital	capital	NOUN
fbem-13331	209	47	elements	element	NOUN
fbem-13331	209	48	to	to	PART
fbem-13331	209	49	better	well	ADV
fbem-13331	209	50	serve	serve	VERB
fbem-13331	209	51	the	the	DET
fbem-13331	209	52	development	development	NOUN
fbem-13331	209	53	of	of	ADP
fbem-13331	209	54	innovation	innovation	NOUN
fbem-13331	209	55	quality	quality	NOUN
fbem-13331	209	56	of	of	ADP
fbem-13331	209	57	real	real	ADJ
fbem-13331	209	58	enterprises	enterprise	NOUN
fbem-13331	209	59	.	.	PUNCT
fbem-13331	210	1	thirdly	thirdly	ADV
fbem-13331	210	2	,	,	PUNCT
fbem-13331	210	3	accelerate	accelerate	VERB
fbem-13331	210	4	the	the	DET
fbem-13331	210	5	construction	construction	NOUN
fbem-13331	210	6	of	of	ADP
fbem-13331	210	7	various	various	ADJ
fbem-13331	210	8	credit	credit	NOUN
fbem-13331	210	9	information	information	NOUN
fbem-13331	210	10	sharing	sharing	NOUN
fbem-13331	210	11	platforms	platform	NOUN
fbem-13331	210	12	,	,	PUNCT
fbem-13331	210	13	encourage	encourage	VERB
fbem-13331	210	14	the	the	DET
fbem-13331	210	15	collection	collection	NOUN
fbem-13331	210	16	and	and	CCONJ
fbem-13331	210	17	sharing	sharing	NOUN
fbem-13331	210	18	of	of	ADP
fbem-13331	210	19	various	various	ADJ
fbem-13331	210	20	types	type	NOUN
fbem-13331	210	21	of	of	ADP
fbem-13331	210	22	enterprise	enterprise	NOUN
fbem-13331	210	23	-	-	PUNCT
fbem-13331	210	24	related	relate	VERB
fbem-13331	210	25	credit	credit	NOUN
fbem-13331	210	26	information	information	NOUN
fbem-13331	210	27	by	by	ADP
fbem-13331	210	28	multiple	multiple	ADJ
fbem-13331	210	29	subjects	subject	NOUN
fbem-13331	210	30	and	and	CCONJ
fbem-13331	210	31	in	in	ADP
fbem-13331	210	32	multiple	multiple	ADJ
fbem-13331	210	33	ways	way	NOUN
fbem-13331	210	34	,	,	PUNCT
fbem-13331	210	35	and	and	CCONJ
fbem-13331	210	36	continuously	continuously	ADV
fbem-13331	210	37	improve	improve	VERB
fbem-13331	210	38	the	the	DET
fbem-13331	210	39	accuracy	accuracy	NOUN
fbem-13331	210	40	,	,	PUNCT
fbem-13331	210	41	completeness	completeness	NOUN
fbem-13331	210	42	and	and	CCONJ
fbem-13331	210	43	timeliness	timeliness	NOUN
fbem-13331	210	44	of	of	ADP
fbem-13331	210	45	the	the	DET
fbem-13331	210	46	information	information	NOUN
fbem-13331	210	47	;	;	PUNCT
fbem-13331	210	48	deepen	deepen	VERB
fbem-13331	210	49	the	the	DET
fbem-13331	210	50	application	application	NOUN
fbem-13331	210	51	of	of	ADP
fbem-13331	210	52	big	big	ADJ
fbem-13331	210	53	data	datum	NOUN
fbem-13331	210	54	,	,	PUNCT
fbem-13331	210	55	and	and	CCONJ
fbem-13331	210	56	establish	establish	VERB
fbem-13331	210	57	and	and	CCONJ
fbem-13331	210	58	improve	improve	VERB
fbem-13331	210	59	the	the	DET
fbem-13331	210	60	credit	credit	NOUN
fbem-13331	210	61	evaluation	evaluation	NOUN
fbem-13331	210	62	index	index	NOUN
fbem-13331	210	63	system	system	NOUN
fbem-13331	210	64	for	for	SCONJ
fbem-13331	210	65	startups	startup	NOUN
fbem-13331	210	66	to	to	PART
fbem-13331	210	67	break	break	VERB
fbem-13331	210	68	the	the	DET
fbem-13331	210	69	"	"	PUNCT
fbem-13331	210	70	data	data	NOUN
fbem-13331	210	71	barriers	barrier	NOUN
fbem-13331	210	72	"	"	PUNCT
fbem-13331	210	73	and	and	CCONJ
fbem-13331	210	74	"	"	PUNCT
fbem-13331	210	75	information	information	NOUN
fbem-13331	210	76	silos	silo	NOUN
fbem-13331	210	77	"	"	PUNCT
fbem-13331	210	78	.	.	PUNCT
fbem-13331	211	1	deepen	deepen	VERB
fbem-13331	211	2	the	the	DET
fbem-13331	211	3	application	application	NOUN
fbem-13331	211	4	of	of	ADP
fbem-13331	211	5	big	big	ADJ
fbem-13331	211	6	data	datum	NOUN
fbem-13331	211	7	,	,	PUNCT
fbem-13331	211	8	establish	establish	VERB
fbem-13331	211	9	and	and	CCONJ
fbem-13331	211	10	improve	improve	VERB
fbem-13331	211	11	the	the	DET
fbem-13331	211	12	credit	credit	NOUN
fbem-13331	211	13	evaluation	evaluation	NOUN
fbem-13331	211	14	index	index	NOUN
fbem-13331	211	15	system	system	NOUN
fbem-13331	211	16	for	for	ADP
fbem-13331	211	17	startups	startup	NOUN
fbem-13331	211	18	,	,	PUNCT
fbem-13331	211	19	break	break	VERB
fbem-13331	211	20	down	down	ADP
fbem-13331	211	21	"	"	PUNCT
fbem-13331	211	22	data	datum	NOUN
fbem-13331	211	23	barriers	barrier	NOUN
fbem-13331	211	24	"	"	PUNCT
fbem-13331	211	25	and	and	CCONJ
fbem-13331	211	26	"	"	PUNCT
fbem-13331	211	27	information	information	NOUN
fbem-13331	211	28	islands	island	NOUN
fbem-13331	211	29	"	"	PUNCT
fbem-13331	211	30	,	,	PUNCT
fbem-13331	211	31	alleviate	alleviate	VERB
fbem-13331	211	32	the	the	DET
fbem-13331	211	33	information	information	NOUN
fbem-13331	211	34	asymmetry	asymmetry	NOUN
fbem-13331	211	35	between	between	ADP
fbem-13331	211	36	venture	venture	NOUN
fbem-13331	211	37	capital	capital	NOUN
fbem-13331	211	38	and	and	CCONJ
fbem-13331	211	39	startups	startup	NOUN
fbem-13331	211	40	,	,	PUNCT
fbem-13331	211	41	promote	promote	VERB
fbem-13331	211	42	venture	venture	NOUN
fbem-13331	211	43	capital	capital	NOUN
fbem-13331	211	44	institutions	institution	NOUN
fbem-13331	211	45	to	to	PART
fbem-13331	211	46	go	go	VERB
fbem-13331	211	47	out	out	ADP
fbem-13331	211	48	of	of	ADP
fbem-13331	211	49	their	their	PRON
fbem-13331	211	50	home	home	NOUN
fbem-13331	211	51	,	,	PUNCT
fbem-13331	211	52	improve	improve	VERB
fbem-13331	211	53	the	the	DET
fbem-13331	211	54	suitability	suitability	NOUN
fbem-13331	211	55	of	of	ADP
fbem-13331	211	56	venture	venture	NOUN
fbem-13331	211	57	capital	capital	NOUN
fbem-13331	211	58	and	and	CCONJ
fbem-13331	211	59	startups	startup	NOUN
fbem-13331	211	60	,	,	PUNCT
fbem-13331	211	61	and	and	CCONJ
fbem-13331	211	62	promote	promote	VERB
fbem-13331	211	63	the	the	DET
fbem-13331	211	64	quality	quality	NOUN
fbem-13331	211	65	of	of	ADP
fbem-13331	211	66	technological	technological	ADJ
fbem-13331	211	67	innovation	innovation	NOUN
fbem-13331	211	68	and	and	CCONJ
fbem-13331	211	69	efficiency	efficiency	NOUN
fbem-13331	211	70	of	of	ADP
fbem-13331	211	71	enterprises	enterprise	NOUN
fbem-13331	211	72	.	.	PUNCT
fbem-13331	212	1	acknowledgment	acknowledgment	NOUN
fbem-13331	212	2	this	this	DET
fbem-13331	212	3	work	work	NOUN
fbem-13331	212	4	was	be	AUX
fbem-13331	212	5	financially	financially	ADV
fbem-13331	212	6	supported	support	VERB
fbem-13331	212	7	by	by	ADP
fbem-13331	212	8	anhui	anhui	PROPN
fbem-13331	212	9	university	university	PROPN
fbem-13331	212	10	of	of	ADP
fbem-13331	212	11	finance	finance	PROPN
fbem-13331	212	12	and	and	CCONJ
fbem-13331	212	13	economics	economic	NOUN
fbem-13331	212	14	graduate	graduate	PROPN
fbem-13331	212	15	research	research	NOUN
fbem-13331	212	16	innovation	innovation	NOUN
fbem-13331	212	17	fund	fund	NOUN
fbem-13331	212	18	project(project	project(project	PROPN
fbem-13331	212	19	:	:	PUNCT
fbem-13331	212	20	no.acyc2021250	no.acyc2021250	PROPN
fbem-13331	212	21	)	)	PUNCT
fbem-13331	212	22	.	.	PUNCT
fbem-13331	213	1	285	285	NUM
fbem-13331	213	2	references	reference	NOUN
fbem-13331	213	3	[	[	X
fbem-13331	213	4	1	1	NUM
fbem-13331	213	5	]	]	PUNCT
fbem-13331	213	6	alperovych	alperovych	PROPN
fbem-13331	213	7	y	y	PROPN
fbem-13331	213	8	,	,	PUNCT
fbem-13331	213	9	hübner	hübner	NOUN
fbem-13331	213	10	g	g	NOUN
fbem-13331	213	11	,	,	PUNCT
fbem-13331	213	12	lobet	lobet	PROPN
fbem-13331	213	13	f.	f.	PROPN
fbem-13331	213	14	how	how	SCONJ
fbem-13331	213	15	does	do	AUX
fbem-13331	213	16	governmental	governmental	ADJ
fbem-13331	213	17	versus	versus	ADP
fbem-13331	213	18	private	private	ADJ
fbem-13331	213	19	venture	venture	NOUN
fbem-13331	213	20	capital	capital	NOUN
fbem-13331	213	21	backing	backing	NOUN
fbem-13331	213	22	affect	affect	VERB
fbem-13331	213	23	a	a	DET
fbem-13331	213	24	firm	firm	NOUN
fbem-13331	213	25	's	's	PART
fbem-13331	213	26	efficiency	efficiency	NOUN
fbem-13331	213	27	?	?	PUNCT
fbem-13331	214	1	evidence	evidence	NOUN
fbem-13331	214	2	from	from	ADP
fbem-13331	214	3	belgium[j	belgium[j	PROPN
fbem-13331	214	4	]	]	PUNCT
fbem-13331	214	5	.	.	PUNCT
fbem-13331	215	1	journal	journal	PROPN
fbem-13331	215	2	of	of	ADP
fbem-13331	215	3	business	business	NOUN
fbem-13331	215	4	venturing	venturing	NOUN
fbem-13331	215	5	,	,	PUNCT
fbem-13331	215	6	2015(4	2015(4	NUM
fbem-13331	215	7	):	):	PUNCT
fbem-13331	215	8	508	508	NUM
fbem-13331	215	9	-	-	SYM
fbem-13331	215	10	525	525	NUM
fbem-13331	215	11	.	.	PUNCT
fbem-13331	216	1	[	[	X
fbem-13331	216	2	2	2	X
fbem-13331	216	3	]	]	PUNCT
fbem-13331	216	4	arthurs	arthurs	PROPN
fbem-13331	216	5	j	j	PROPN
fbem-13331	216	6	d	d	PROPN
fbem-13331	216	7	,	,	PUNCT
fbem-13331	216	8	busenitz	busenitz	PROPN
fbem-13331	216	9	l	l	PROPN
fbem-13331	216	10	w.	w.	PROPN
fbem-13331	216	11	the	the	DET
fbem-13331	216	12	boundaries	boundary	NOUN
fbem-13331	216	13	and	and	CCONJ
fbem-13331	216	14	limitations	limitation	NOUN
fbem-13331	216	15	of	of	ADP
fbem-13331	216	16	agency	agency	NOUN
fbem-13331	216	17	theory	theory	NOUN
fbem-13331	216	18	and	and	CCONJ
fbem-13331	216	19	stewardship	stewardship	NOUN
fbem-13331	216	20	theory	theory	NOUN
fbem-13331	216	21	in	in	ADP
fbem-13331	216	22	the	the	DET
fbem-13331	216	23	venture	venture	NOUN
fbem-13331	216	24	capitalist	capitalist	NOUN
fbem-13331	216	25	/	/	SYM
fbem-13331	216	26	entrepreneur	entrepreneur	NOUN
fbem-13331	216	27	relationship[j	relationship[j	NOUN
fbem-13331	216	28	]	]	PUNCT
fbem-13331	216	29	.	.	PUNCT
fbem-13331	217	1	entrepreneurship	entrepreneurship	NOUN
fbem-13331	217	2	theory	theory	NOUN
fbem-13331	217	3	and	and	CCONJ
fbem-13331	217	4	practice	practice	NOUN
fbem-13331	217	5	,	,	PUNCT
fbem-13331	217	6	2003	2003	NUM
fbem-13331	217	7	,	,	PUNCT
fbem-13331	217	8	(	(	PUNCT
fbem-13331	217	9	2	2	NUM
fbem-13331	217	10	):	):	PUNCT
fbem-13331	217	11	145	145	NUM
fbem-13331	217	12	-	-	SYM
fbem-13331	217	13	162	162	NUM
fbem-13331	217	14	.	.	PUNCT
fbem-13331	218	1	[	[	X
fbem-13331	218	2	3	3	X
fbem-13331	218	3	]	]	X
fbem-13331	218	4	cai	cai	PROPN
fbem-13331	218	5	xinlei	xinlei	PROPN
fbem-13331	218	6	,	,	PUNCT
fbem-13331	218	7	fan	fan	PROPN
fbem-13331	218	8	never	never	ADV
fbem-13331	218	9	,	,	PUNCT
fbem-13331	218	10	lin	lin	PROPN
fbem-13331	218	11	key	key	NOUN
fbem-13331	218	12	.	.	PUNCT
fbem-13331	219	1	whether	whether	SCONJ
fbem-13331	219	2	regional	regional	ADJ
fbem-13331	219	3	integration	integration	NOUN
fbem-13331	219	4	expansion	expansion	NOUN
fbem-13331	219	5	can	can	AUX
fbem-13331	219	6	promote	promote	VERB
fbem-13331	219	7	high	high	ADJ
fbem-13331	219	8	-	-	PUNCT
fbem-13331	219	9	quality	quality	NOUN
fbem-13331	219	10	development	development	NOUN
fbem-13331	219	11	a	a	DET
fbem-13331	219	12	quasinatural	quasinatural	ADJ
fbem-13331	219	13	experimental	experimental	ADJ
fbem-13331	219	14	study	study	NOUN
fbem-13331	219	15	based	base	VERB
fbem-13331	219	16	on	on	ADP
fbem-13331	219	17	the	the	DET
fbem-13331	219	18	practice	practice	NOUN
fbem-13331	219	19	of	of	ADP
fbem-13331	219	20	the	the	DET
fbem-13331	219	21	yangtze	yangtze	PROPN
fbem-13331	219	22	river	river	PROPN
fbem-13331	219	23	delta[j	delta[j	PROPN
fbem-13331	219	24	]	]	PUNCT
fbem-13331	219	25	.	.	PUNCT
fbem-13331	220	1	exploration	exploration	NOUN
fbem-13331	220	2	of	of	ADP
fbem-13331	220	3	economic	economic	ADJ
fbem-13331	220	4	issues,2021(02):8499	issues,2021(02):8499	NOUN
fbem-13331	220	5	.	.	PUNCT
fbem-13331	221	1	[	[	X
fbem-13331	221	2	4	4	X
fbem-13331	221	3	]	]	X
fbem-13331	221	4	cao	cao	PROPN
fbem-13331	221	5	chunfang	chunfang	PROPN
fbem-13331	221	6	,	,	PUNCT
fbem-13331	221	7	liu	liu	PROPN
fbem-13331	221	8	xiumei	xiumei	PROPN
fbem-13331	221	9	,	,	PUNCT
fbem-13331	221	10	jia	jia	PROPN
fbem-13331	221	11	fansheng	fansheng	PROPN
fbem-13331	221	12	.	.	PUNCT
fbem-13331	222	1	investing	invest	VERB
fbem-13331	222	2	in	in	ADP
fbem-13331	222	3	the	the	DET
fbem-13331	222	4	hometown	hometown	NOUN
fbem-13331	222	5	:	:	PUNCT
fbem-13331	222	6	information	information	NOUN
fbem-13331	222	7	,	,	PUNCT
fbem-13331	222	8	familiarity	familiarity	NOUN
fbem-13331	222	9	or	or	CCONJ
fbem-13331	222	10	agency	agency	NOUN
fbem-13331	222	11	problem	problem	NOUN
fbem-13331	222	12	?	?	PUNCT
fbem-13331	223	1	[	[	X
fbem-13331	223	2	j	j	X
fbem-13331	223	3	]	]	X
fbem-13331	223	4	.	.	PUNCT
fbem-13331	224	1	management	management	NOUN
fbem-13331	224	2	world,2018	world,2018	PROPN
fbem-13331	224	3	,	,	PUNCT
fbem-13331	224	4	(	(	PUNCT
fbem-13331	224	5	05):107	05):107	NUM
fbem-13331	224	6	-	-	SYM
fbem-13331	224	7	119	119	NUM
fbem-13331	224	8	+	+	NOUN
fbem-13331	224	9	180	180	NUM
fbem-13331	224	10	.	.	PUNCT
fbem-13331	225	1	[	[	X
fbem-13331	225	2	5	5	X
fbem-13331	225	3	]	]	PUNCT
fbem-13331	225	4	chen	chen	PROPN
fbem-13331	225	5	deqiu	deqiu	PROPN
fbem-13331	225	6	,	,	PUNCT
fbem-13331	225	7	sun	sun	PROPN
fbem-13331	225	8	ying	ying	PROPN
fbem-13331	225	9	,	,	PUNCT
fbem-13331	225	10	wang	wang	PROPN
fbem-13331	225	11	dan	dan	PROPN
fbem-13331	225	12	.	.	PROPN
fbem-13331	225	13	relational	relational	ADJ
fbem-13331	225	14	network	network	NOUN
fbem-13331	225	15	embedding	embed	VERB
fbem-13331	225	16	,	,	PUNCT
fbem-13331	225	17	joint	joint	ADJ
fbem-13331	225	18	venture	venture	NOUN
fbem-13331	225	19	investment	investment	NOUN
fbem-13331	225	20	and	and	CCONJ
fbem-13331	225	21	firm	firm	ADJ
fbem-13331	225	22	innovation	innovation	NOUN
fbem-13331	225	23	efficiency[j	efficiency[j	PROPN
fbem-13331	225	24	]	]	PUNCT
fbem-13331	225	25	.	.	PUNCT
fbem-13331	226	1	economic	economic	ADJ
fbem-13331	226	2	research,2021,(11):67	research,2021,(11):67	PROPN
fbem-13331	226	3	-	-	PROPN
fbem-13331	226	4	83	83	NUM
fbem-13331	226	5	.	.	PUNCT
fbem-13331	227	1	[	[	X
fbem-13331	227	2	6	6	NUM
fbem-13331	227	3	]	]	X
fbem-13331	227	4	chen	chen	PROPN
fbem-13331	227	5	xin	xin	PROPN
fbem-13331	227	6	,	,	PUNCT
fbem-13331	227	7	chen	chen	PROPN
fbem-13331	227	8	demin	demin	PROPN
fbem-13331	227	9	,	,	PUNCT
fbem-13331	227	10	ye	ye	PROPN
fbem-13331	227	11	jiangfeng	jiangfeng	PROPN
fbem-13331	227	12	.	.	PUNCT
fbem-13331	228	1	venture	venture	NOUN
fbem-13331	228	2	capital	capital	NOUN
fbem-13331	228	3	,	,	PUNCT
fbem-13331	228	4	spatial	spatial	ADJ
fbem-13331	228	5	spillovers	spillover	NOUN
fbem-13331	228	6	and	and	CCONJ
fbem-13331	228	7	heterogeneous	heterogeneous	ADJ
fbem-13331	228	8	innovation[j	innovation[j	NOUN
fbem-13331	228	9	]	]	PUNCT
fbem-13331	228	10	.	.	PUNCT
fbem-13331	229	1	management	management	NOUN
fbem-13331	229	2	review,2021	review,2021	NOUN
fbem-13331	229	3	,	,	PUNCT
fbem-13331	229	4	(	(	PUNCT
fbem-13331	229	5	04):102	04):102	NOUN
fbem-13331	229	6	-	-	SYM
fbem-13331	229	7	112	112	NUM
fbem-13331	229	8	.	.	PUNCT
fbem-13331	230	1	[	[	X
fbem-13331	230	2	7	7	X
fbem-13331	230	3	]	]	X
fbem-13331	230	4	cumming	cumme	VERB
fbem-13331	230	5	d	d	PROPN
fbem-13331	230	6	,	,	PUNCT
fbem-13331	230	7	dai	dai	PROPN
fbem-13331	230	8	n.	n.	PROPN
fbem-13331	230	9	local	local	ADJ
fbem-13331	230	10	bias	bias	NOUN
fbem-13331	230	11	in	in	ADP
fbem-13331	230	12	venture	venture	PROPN
fbem-13331	230	13	capital	capital	PROPN
fbem-13331	230	14	investments[j	investments[j	PROPN
fbem-13331	230	15	]	]	PUNCT
fbem-13331	230	16	.	.	PUNCT
fbem-13331	231	1	journal	journal	PROPN
fbem-13331	231	2	of	of	ADP
fbem-13331	231	3	empirical	empirical	ADJ
fbem-13331	231	4	finance	finance	NOUN
fbem-13331	231	5	,	,	PUNCT
fbem-13331	231	6	2010	2010	NUM
fbem-13331	231	7	,	,	PUNCT
fbem-13331	231	8	(	(	PUNCT
fbem-13331	231	9	3	3	NUM
fbem-13331	231	10	):	):	PUNCT
fbem-13331	231	11	362380	362380	NUM
fbem-13331	231	12	.	.	PUNCT
fbem-13331	232	1	[	[	X
fbem-13331	232	2	8	8	NUM
fbem-13331	232	3	]	]	X
fbem-13331	232	4	dong	dong	PROPN
fbem-13331	232	5	jing	jing	PROPN
fbem-13331	232	6	,	,	PUNCT
fbem-13331	232	7	wang	wang	PROPN
fbem-13331	232	8	li	li	PROPN
fbem-13331	232	9	,	,	PUNCT
fbem-13331	232	10	wu	wu	PROPN
fbem-13331	232	11	you	you	PRON
fbem-13331	232	12	.	.	PUNCT
fbem-13331	233	1	geographic	geographic	ADJ
fbem-13331	233	2	distance	distance	NOUN
fbem-13331	233	3	and	and	CCONJ
fbem-13331	233	4	venture	venture	NOUN
fbem-13331	233	5	capital	capital	NOUN
fbem-13331	233	6	strategy	strategy	NOUN
fbem-13331	233	7	selection	selection	NOUN
fbem-13331	233	8	--	--	PUNCT
fbem-13331	233	9	analyse	analyse	VERB
fbem-13331	233	10	the	the	DET
fbem-13331	233	11	moderating	moderate	VERB
fbem-13331	233	12	role	role	NOUN
fbem-13331	233	13	of	of	ADP
fbem-13331	233	14	market	market	NOUN
fbem-13331	233	15	environment	environment	NOUN
fbem-13331	233	16	and	and	CCONJ
fbem-13331	233	17	institutional	institutional	ADJ
fbem-13331	233	18	traits[j	traits[j	NOUN
fbem-13331	233	19	]	]	PUNCT
fbem-13331	233	20	.	.	PUNCT
fbem-13331	234	1	nankai	nankai	PROPN
fbem-13331	234	2	management	management	PROPN
fbem-13331	234	3	review,2017,(02):4	review,2017,(02):4	PROPN
fbem-13331	234	4	-	-	PUNCT
fbem-13331	234	5	16	16	NUM
fbem-13331	234	6	.	.	PUNCT
fbem-13331	235	1	[	[	X
fbem-13331	235	2	9	9	NUM
fbem-13331	235	3	]	]	X
fbem-13331	235	4	faccio	faccio	PROPN
fbem-13331	235	5	m	m	PROPN
fbem-13331	235	6	,	,	PUNCT
fbem-13331	235	7	hsu	hsu	PROPN
fbem-13331	235	8	h	h	PROPN
fbem-13331	235	9	c.	c.	PROPN
fbem-13331	235	10	politically	politically	ADV
fbem-13331	235	11	connected	connect	VERB
fbem-13331	235	12	private	private	ADJ
fbem-13331	235	13	equity	equity	NOUN
fbem-13331	235	14	and	and	CCONJ
fbem-13331	235	15	employment[j	employment[j	PROPN
fbem-13331	235	16	]	]	PUNCT
fbem-13331	235	17	.	.	PUNCT
fbem-13331	236	1	the	the	DET
fbem-13331	236	2	journal	journal	PROPN
fbem-13331	236	3	of	of	ADP
fbem-13331	236	4	finance	finance	NOUN
fbem-13331	236	5	,	,	PUNCT
fbem-13331	236	6	2017	2017	NUM
fbem-13331	236	7	,	,	PUNCT
fbem-13331	236	8	(	(	PUNCT
fbem-13331	236	9	2	2	NUM
fbem-13331	236	10	):	):	PUNCT
fbem-13331	236	11	539	539	NUM
fbem-13331	236	12	-	-	SYM
fbem-13331	236	13	574	574	NUM
fbem-13331	236	14	.	.	PUNCT
fbem-13331	237	1	[	[	X
fbem-13331	237	2	10	10	NUM
fbem-13331	237	3	]	]	X
fbem-13331	237	4	fu	fu	PROPN
fbem-13331	237	5	hui	hui	PROPN
fbem-13331	237	6	,	,	PUNCT
fbem-13331	237	7	zhou	zhou	PROPN
fbem-13331	237	8	fangzhao	fangzhao	NOUN
fbem-13331	237	9	.	.	PUNCT
fbem-13331	237	10	is	be	AUX
fbem-13331	237	11	the	the	DET
fbem-13331	237	12	ipo	ipo	NOUN
fbem-13331	237	13	of	of	ADP
fbem-13331	237	14	entrepreneurial	entrepreneurial	ADJ
fbem-13331	237	15	enterprises	enterprise	NOUN
fbem-13331	237	16	relying	rely	VERB
fbem-13331	237	17	on	on	ADP
fbem-13331	237	18	themselves	themselves	PRON
fbem-13331	237	19	or	or	CCONJ
fbem-13331	237	20	relying	rely	VERB
fbem-13331	237	21	on	on	ADP
fbem-13331	237	22	"	"	PUNCT
fbem-13331	237	23	venture	venture	NOUN
fbem-13331	237	24	capitalists	capitalist	NOUN
fbem-13331	237	25	"	"	PUNCT
fbem-13331	237	26	?	?	PUNCT
fbem-13331	238	1	--empirical	--empirical	PUNCT
fbem-13331	238	2	evidence	evidence	NOUN
fbem-13331	238	3	based	base	VERB
fbem-13331	238	4	on	on	ADP
fbem-13331	238	5	the	the	DET
fbem-13331	238	6	perspective	perspective	NOUN
fbem-13331	238	7	of	of	ADP
fbem-13331	238	8	bilateral	bilateral	ADJ
fbem-13331	238	9	selection	selection	NOUN
fbem-13331	238	10	effect[j	effect[j	NOUN
fbem-13331	238	11	]	]	PUNCT
fbem-13331	238	12	.	.	PUNCT
fbem-13331	239	1	financial	financial	ADJ
fbem-13331	239	2	research,2017	research,2017	NOUN
fbem-13331	239	3	,	,	PUNCT
fbem-13331	239	4	(	(	PUNCT
fbem-13331	239	5	05):130144	05):130144	NUM
fbem-13331	239	6	.	.	PUNCT
fbem-13331	240	1	[	[	X
fbem-13331	240	2	11	11	NUM
fbem-13331	240	3	]	]	PUNCT
fbem-13331	240	4	goodman	goodman	PROPN
fbem-13331	240	5	-	-	PUNCT
fbem-13331	240	6	bacon	bacon	NOUN
fbem-13331	240	7	a.	a.	NOUN
fbem-13331	240	8	difference	difference	NOUN
fbem-13331	240	9	-	-	PUNCT
fbem-13331	240	10	in	in	ADP
fbem-13331	240	11	-	-	PUNCT
fbem-13331	240	12	differences	difference	NOUN
fbem-13331	240	13	with	with	ADP
fbem-13331	240	14	variation	variation	NOUN
fbem-13331	240	15	in	in	ADP
fbem-13331	240	16	treatment	treatment	NOUN
fbem-13331	240	17	timing[j	timing[j	NOUN
fbem-13331	240	18	]	]	PUNCT
fbem-13331	240	19	.	.	PUNCT
fbem-13331	241	1	journal	journal	PROPN
fbem-13331	241	2	of	of	ADP
fbem-13331	241	3	econometrics	econometric	NOUN
fbem-13331	241	4	,	,	PUNCT
fbem-13331	241	5	2021	2021	NUM
fbem-13331	241	6	,	,	PUNCT
fbem-13331	241	7	(	(	PUNCT
fbem-13331	241	8	2	2	NUM
fbem-13331	241	9	):	):	PUNCT
fbem-13331	241	10	254277	254277	NUM
fbem-13331	241	11	.	.	PUNCT
fbem-13331	242	1	[	[	X
fbem-13331	242	2	12	12	NUM
fbem-13331	242	3	]	]	PUNCT
fbem-13331	242	4	hellmann	hellmann	PROPN
fbem-13331	242	5	t	t	PROPN
fbem-13331	242	6	,	,	PUNCT
fbem-13331	242	7	puri	puri	PROPN
fbem-13331	242	8	m.	m.	NOUN
fbem-13331	242	9	the	the	DET
fbem-13331	242	10	interaction	interaction	NOUN
fbem-13331	242	11	between	between	ADP
fbem-13331	242	12	product	product	NOUN
fbem-13331	242	13	market	market	NOUN
fbem-13331	242	14	and	and	CCONJ
fbem-13331	242	15	financing	financing	NOUN
fbem-13331	242	16	strategy	strategy	NOUN
fbem-13331	242	17	:	:	PUNCT
fbem-13331	242	18	the	the	DET
fbem-13331	242	19	role	role	NOUN
fbem-13331	242	20	of	of	ADP
fbem-13331	242	21	venture	venture	NOUN
fbem-13331	242	22	capital	capital	NOUN
fbem-13331	243	1	[	[	X
fbem-13331	243	2	j].review	j].review	NOUN
fbem-13331	243	3	of	of	ADP
fbem-13331	243	4	financial	financial	ADJ
fbem-13331	243	5	studies,2000,(4):959	studies,2000,(4):959	NOUN
fbem-13331	243	6	-	-	SYM
fbem-13331	243	7	984	984	NUM
fbem-13331	243	8	[	[	PUNCT
fbem-13331	243	9	13	13	NUM
fbem-13331	243	10	]	]	X
fbem-13331	243	11	hoenen	hoenen	PROPN
fbem-13331	243	12	s	s	PROPN
fbem-13331	243	13	,	,	PUNCT
fbem-13331	243	14	kolympiris	kolympiris	PROPN
fbem-13331	243	15	c	c	PROPN
fbem-13331	243	16	,	,	PUNCT
fbem-13331	243	17	schoenmakers	schoenmaker	NOUN
fbem-13331	243	18	w	w	PROPN
fbem-13331	243	19	,	,	PUNCT
fbem-13331	243	20	et	et	PROPN
fbem-13331	243	21	al	al	PROPN
fbem-13331	243	22	.	.	PUNCT
fbem-13331	244	1	the	the	DET
fbem-13331	244	2	diminishing	diminish	VERB
fbem-13331	244	3	signaling	signal	VERB
fbem-13331	244	4	value	value	NOUN
fbem-13331	244	5	of	of	ADP
fbem-13331	244	6	patents	patent	NOUN
fbem-13331	244	7	between	between	ADP
fbem-13331	244	8	early	early	ADJ
fbem-13331	244	9	rounds	round	NOUN
fbem-13331	244	10	of	of	ADP
fbem-13331	244	11	venture	venture	NOUN
fbem-13331	244	12	capital	capital	NOUN
fbem-13331	244	13	financing[j	financing[j	NOUN
fbem-13331	244	14	]	]	PUNCT
fbem-13331	244	15	.	.	PUNCT
fbem-13331	245	1	research	research	NOUN
fbem-13331	245	2	policy	policy	NOUN
fbem-13331	245	3	,	,	PUNCT
fbem-13331	245	4	2014	2014	NUM
fbem-13331	245	5	,	,	PUNCT
fbem-13331	245	6	(	(	PUNCT
fbem-13331	245	7	6	6	NUM
fbem-13331	245	8	):	):	PUNCT
fbem-13331	245	9	956989	956989	NUM
fbem-13331	245	10	.	.	PUNCT
fbem-13331	246	1	[	[	X
fbem-13331	246	2	14	14	NUM
fbem-13331	246	3	]	]	X
fbem-13331	246	4	huang	huang	PROPN
fbem-13331	246	5	fuguang	fuguang	PROPN
fbem-13331	246	6	,	,	PUNCT
fbem-13331	246	7	peng	peng	PROPN
fbem-13331	246	8	tao	tao	PROPN
fbem-13331	246	9	,	,	PUNCT
fbem-13331	246	10	shao	shao	PROPN
fbem-13331	246	11	yan	yan	PROPN
fbem-13331	246	12	.	.	PUNCT
fbem-13331	247	1	how	how	SCONJ
fbem-13331	247	2	geographic	geographic	ADJ
fbem-13331	247	3	distance	distance	NOUN
fbem-13331	247	4	affects	affect	VERB
fbem-13331	247	5	venture	venture	NOUN
fbem-13331	247	6	capital	capital	NOUN
fbem-13331	247	7	investment	investment	NOUN
fbem-13331	247	8	in	in	ADP
fbem-13331	247	9	new	new	ADJ
fbem-13331	247	10	ventures[j	ventures[j	PROPN
fbem-13331	247	11	]	]	PUNCT
fbem-13331	247	12	.	.	PUNCT
fbem-13331	248	1	nankai	nankai	PROPN
fbem-13331	248	2	management	management	NOUN
fbem-13331	248	3	review,2014	review,2014	NOUN
fbem-13331	248	4	,	,	PUNCT
fbem-13331	248	5	(	(	PUNCT
fbem-13331	248	6	06):83	06):83	NUM
fbem-13331	248	7	-	-	SYM
fbem-13331	248	8	95	95	NUM
fbem-13331	248	9	.	.	PUNCT
fbem-13331	249	1	[	[	X
fbem-13331	249	2	15	15	NUM
fbem-13331	249	3	]	]	X
fbem-13331	249	4	huang	huang	PROPN
fbem-13331	249	5	xiao	xiao	PROPN
fbem-13331	249	6	,	,	PUNCT
fbem-13331	249	7	chen	chen	PROPN
fbem-13331	249	8	jindan	jindan	PROPN
fbem-13331	249	9	,	,	PUNCT
fbem-13331	249	10	yu	yu	PROPN
fbem-13331	249	11	binbin	binbin	PROPN
fbem-13331	249	12	.	.	PUNCT
fbem-13331	250	1	environmental	environmental	ADJ
fbem-13331	250	2	uncertainty	uncertainty	NOUN
fbem-13331	250	3	and	and	CCONJ
fbem-13331	250	4	local	local	ADJ
fbem-13331	250	5	investment	investment	NOUN
fbem-13331	250	6	preference	preference	NOUN
fbem-13331	250	7	-	-	PUNCT
fbem-13331	250	8	a	a	DET
fbem-13331	250	9	study	study	NOUN
fbem-13331	250	10	based	base	VERB
fbem-13331	250	11	on	on	ADP
fbem-13331	250	12	a	a	DET
fbem-13331	250	13	sample	sample	NOUN
fbem-13331	250	14	of	of	ADP
fbem-13331	250	15	local	local	ADJ
fbem-13331	250	16	vcs	vcs	PROPN
fbem-13331	250	17	in	in	ADP
fbem-13331	250	18	china[j	china[j	PROPN
fbem-13331	250	19	]	]	PUNCT
fbem-13331	250	20	.	.	PUNCT
fbem-13331	251	1	science	science	NOUN
fbem-13331	251	2	and	and	CCONJ
fbem-13331	251	3	science	science	NOUN
fbem-13331	251	4	and	and	CCONJ
fbem-13331	251	5	technology	technology	NOUN
fbem-13331	251	6	management,2015,(09):126	management,2015,(09):126	NOUN
fbem-13331	251	7	-	-	PUNCT
fbem-13331	251	8	137	137	NUM
fbem-13331	251	9	.	.	PUNCT
fbem-13331	252	1	[	[	X
fbem-13331	252	2	16	16	NUM
fbem-13331	252	3	]	]	X
fbem-13331	252	4	ke	ke	PROPN
fbem-13331	252	5	yunying	yunying	PROPN
fbem-13331	252	6	,	,	PUNCT
fbem-13331	252	7	wang	wang	PROPN
fbem-13331	252	8	guanghui	guanghui	PROPN
fbem-13331	252	9	,	,	PUNCT
fbem-13331	252	10	liu	liu	PROPN
fbem-13331	252	11	yong	yong	PROPN
fbem-13331	252	12	.	.	PROPN
fbem-13331	252	13	has	have	VERB
fbem-13331	252	14	the	the	DET
fbem-13331	252	15	integration	integration	NOUN
fbem-13331	252	16	of	of	ADP
fbem-13331	252	17	city	city	NOUN
fbem-13331	252	18	clusters	cluster	NOUN
fbem-13331	252	19	promoted	promote	VERB
fbem-13331	252	20	the	the	DET
fbem-13331	252	21	upgrading	upgrading	NOUN
fbem-13331	252	22	of	of	ADP
fbem-13331	252	23	regional	regional	ADJ
fbem-13331	252	24	industrial	industrial	ADJ
fbem-13331	252	25	structure[j	structure[j	NOUN
fbem-13331	252	26	]	]	PUNCT
fbem-13331	252	27	.	.	PUNCT
fbem-13331	253	1	economist,2022,(07):62	economist,2022,(07):62	ADJ
fbem-13331	253	2	-	-	PUNCT
fbem-13331	253	3	75	75	NUM
fbem-13331	253	4	.	.	PUNCT
fbem-13331	254	1	[	[	X
fbem-13331	254	2	17	17	NUM
fbem-13331	254	3	]	]	X
fbem-13331	254	4	krugman	krugman	PROPN
fbem-13331	254	5	p.	p.	NOUN
fbem-13331	254	6	increasing	increase	VERB
fbem-13331	254	7	returns	return	NOUN
fbem-13331	254	8	and	and	CCONJ
fbem-13331	254	9	economic	economic	ADJ
fbem-13331	254	10	geography[j	geography[j	NOUN
fbem-13331	254	11	]	]	PUNCT
fbem-13331	254	12	.	.	PUNCT
fbem-13331	255	1	journal	journal	PROPN
fbem-13331	255	2	of	of	ADP
fbem-13331	255	3	political	political	ADJ
fbem-13331	255	4	economy	economy	NOUN
fbem-13331	255	5	,	,	PUNCT
fbem-13331	255	6	1991	1991	NUM
fbem-13331	255	7	,	,	PUNCT
fbem-13331	255	8	(	(	PUNCT
fbem-13331	255	9	3	3	NUM
fbem-13331	255	10	):	):	PUNCT
fbem-13331	255	11	483	483	NUM
fbem-13331	255	12	-	-	SYM
fbem-13331	255	13	499	499	NUM
fbem-13331	255	14	.	.	PUNCT
fbem-13331	256	1	[	[	X
fbem-13331	256	2	18	18	NUM
fbem-13331	256	3	]	]	X
fbem-13331	256	4	li	li	PROPN
fbem-13331	256	5	menya	menya	PROPN
fbem-13331	256	6	,	,	PUNCT
fbem-13331	256	7	yan	yan	PROPN
fbem-13331	256	8	taihua	taihua	PROPN
fbem-13331	256	9	,	,	PUNCT
fbem-13331	256	10	hao	hao	PROPN
fbem-13331	256	11	chen	chen	PROPN
fbem-13331	256	12	.	.	PUNCT
fbem-13331	256	13	venture	venture	NOUN
fbem-13331	256	14	capital	capital	NOUN
fbem-13331	256	15	,	,	PUNCT
fbem-13331	256	16	innovation	innovation	NOUN
fbem-13331	256	17	output	output	NOUN
fbem-13331	256	18	quality	quality	NOUN
fbem-13331	256	19	and	and	CCONJ
fbem-13331	256	20	firm	firm	ADJ
fbem-13331	256	21	performance	performance	NOUN
fbem-13331	256	22	based	base	VERB
fbem-13331	256	23	on	on	ADP
fbem-13331	256	24	the	the	DET
fbem-13331	256	25	moderating	moderate	VERB
fbem-13331	256	26	role	role	NOUN
fbem-13331	256	27	of	of	ADP
fbem-13331	256	28	regional	regional	ADJ
fbem-13331	256	29	institutional	institutional	ADJ
fbem-13331	256	30	environment[j	environment[j	NOUN
fbem-13331	256	31	]	]	X
fbem-13331	256	32	.	.	PUNCT
fbem-13331	257	1	research	research	PROPN
fbem-13331	257	2	management,2021	management,2021	PROPN
fbem-13331	257	3	,	,	PUNCT
fbem-13331	257	4	(	(	PUNCT
fbem-13331	257	5	08):168	08):168	PROPN
fbem-13331	257	6	-	-	SYM
fbem-13331	257	7	175	175	NUM
fbem-13331	257	8	.	.	PUNCT
fbem-13331	258	1	[	[	X
fbem-13331	258	2	19	19	NUM
fbem-13331	258	3	]	]	X
fbem-13331	258	4	li	li	PROPN
fbem-13331	258	5	zhen	zhen	PROPN
fbem-13331	258	6	,	,	PUNCT
fbem-13331	258	7	li	li	PROPN
fbem-13331	258	8	xingyue	xingyue	PROPN
fbem-13331	258	9	.	.	PUNCT
fbem-13331	259	1	executive	executive	PROPN
fbem-13331	259	2	geographic	geographic	ADJ
fbem-13331	259	3	cultural	cultural	ADJ
fbem-13331	259	4	diversity	diversity	NOUN
fbem-13331	259	5	and	and	CCONJ
fbem-13331	259	6	corporate	corporate	ADJ
fbem-13331	259	7	innovation[j	innovation[j	PROPN
fbem-13331	259	8	]	]	PUNCT
fbem-13331	259	9	.	.	PUNCT
fbem-13331	260	1	journal	journal	PROPN
fbem-13331	260	2	of	of	ADP
fbem-13331	260	3	east	east	PROPN
fbem-13331	260	4	china	china	PROPN
fbem-13331	260	5	normal	normal	PROPN
fbem-13331	260	6	university	university	NOUN
fbem-13331	260	7	(	(	PUNCT
fbem-13331	260	8	philosophy	philosophy	NOUN
fbem-13331	260	9	and	and	CCONJ
fbem-13331	260	10	social	social	ADJ
fbem-13331	260	11	science	science	NOUN
fbem-13331	260	12	edition),2021	edition),2021	PROPN
fbem-13331	260	13	,	,	PUNCT
fbem-13331	260	14	(	(	PUNCT
fbem-13331	260	15	03):158	03):158	NOUN
fbem-13331	260	16	-	-	SYM
fbem-13331	260	17	170	170	NUM
fbem-13331	260	18	+	+	NOUN
fbem-13331	260	19	182	182	NUM
fbem-13331	260	20	.	.	PUNCT
fbem-13331	261	1	[	[	X
fbem-13331	261	2	20	20	NUM
fbem-13331	261	3	]	]	X
fbem-13331	261	4	liu	liu	PROPN
fbem-13331	261	5	chong	chong	PROPN
fbem-13331	261	6	,	,	PUNCT
fbem-13331	261	7	sha	sha	PROPN
fbem-13331	261	8	xuekang	xuekang	PROPN
fbem-13331	261	9	,	,	PUNCT
fbem-13331	261	10	zhang	zhang	PROPN
fbem-13331	261	11	yan	yan	PROPN
fbem-13331	261	12	.	.	PUNCT
fbem-13331	261	13	staggered	stagger	VERB
fbem-13331	261	14	double	double	ADJ
fbem-13331	261	15	difference	difference	NOUN
fbem-13331	261	16	:	:	PUNCT
fbem-13331	261	17	treatment	treatment	NOUN
fbem-13331	261	18	effect	effect	NOUN
fbem-13331	261	19	heterogeneity	heterogeneity	NOUN
fbem-13331	261	20	and	and	CCONJ
fbem-13331	261	21	estimation	estimation	NOUN
fbem-13331	261	22	method	method	NOUN
fbem-13331	261	23	selection[j	selection[j	PROPN
fbem-13331	261	24	]	]	PUNCT
fbem-13331	261	25	.	.	PUNCT
fbem-13331	262	1	research	research	NOUN
fbem-13331	262	2	on	on	ADP
fbem-13331	262	3	quantitative	quantitative	ADJ
fbem-13331	262	4	and	and	CCONJ
fbem-13331	262	5	technical	technical	ADJ
fbem-13331	262	6	economics,2022,(09):177	economics,2022,(09):177	PROPN
fbem-13331	262	7	-	-	PUNCT
fbem-13331	262	8	204	204	NUM
fbem-13331	262	9	.	.	PUNCT
fbem-13331	263	1	[	[	X
fbem-13331	263	2	21	21	NUM
fbem-13331	263	3	]	]	X
fbem-13331	263	4	liu	liu	PROPN
fbem-13331	263	5	fengqin	fengqin	PROPN
fbem-13331	263	6	,	,	PUNCT
fbem-13331	263	7	su	su	PROPN
fbem-13331	263	8	meili	meili	PROPN
fbem-13331	263	9	.	.	PUNCT
fbem-13331	264	1	breakthrough	breakthrough	NOUN
fbem-13331	264	2	innovation	innovation	NOUN
fbem-13331	264	3	paths	path	NOUN
fbem-13331	264	4	in	in	ADP
fbem-13331	264	5	strategic	strategic	ADJ
fbem-13331	264	6	emerging	emerge	VERB
fbem-13331	264	7	industries	industry	NOUN
fbem-13331	264	8	:	:	PUNCT
fbem-13331	264	9	technology	technology	NOUN
fbem-13331	264	10	mergers	merger	NOUN
fbem-13331	264	11	and	and	CCONJ
fbem-13331	264	12	acquisitions	acquisition	NOUN
fbem-13331	264	13	or	or	CCONJ
fbem-13331	264	14	independent	independent	ADJ
fbem-13331	264	15	r&d[j	r&d[j	NOUN
fbem-13331	264	16	]	]	PUNCT
fbem-13331	264	17	.	.	PUNCT
fbem-13331	265	1	science	science	NOUN
fbem-13331	265	2	and	and	CCONJ
fbem-13331	265	3	technology	technology	NOUN
fbem-13331	265	4	management,2022	management,2022	NOUN
fbem-13331	265	5	,	,	PUNCT
fbem-13331	265	6	(	(	PUNCT
fbem-13331	265	7	08):117	08):117	NUM
fbem-13331	265	8	-	-	PUNCT
fbem-13331	265	9	136	136	NUM
fbem-13331	265	10	.	.	PUNCT
fbem-13331	266	1	[	[	X
fbem-13331	266	2	22	22	NUM
fbem-13331	266	3	]	]	X
fbem-13331	266	4	liu	liu	PROPN
fbem-13331	266	5	naiquan	naiquan	PROPN
fbem-13331	266	6	,	,	PUNCT
fbem-13331	266	7	wu	wu	PROPN
fbem-13331	266	8	you	you	PRON
fbem-13331	266	9	.	.	PUNCT
fbem-13331	267	1	can	can	AUX
fbem-13331	267	2	the	the	DET
fbem-13331	267	3	expansion	expansion	NOUN
fbem-13331	267	4	of	of	ADP
fbem-13331	267	5	yangtze	yangtze	PROPN
fbem-13331	267	6	river	river	PROPN
fbem-13331	267	7	delta	delta	PROPN
fbem-13331	267	8	promote	promote	VERB
fbem-13331	267	9	common	common	ADJ
fbem-13331	267	10	regional	regional	ADJ
fbem-13331	267	11	economic	economic	ADJ
fbem-13331	267	12	growth[j	growth[j	NOUN
fbem-13331	267	13	]	]	PUNCT
fbem-13331	267	14	.	.	PUNCT
fbem-13331	268	1	china	china	PROPN
fbem-13331	268	2	industrial	industrial	PROPN
fbem-13331	268	3	economy,2017,(06):79	economy,2017,(06):79	PROPN
fbem-13331	268	4	-	-	PUNCT
fbem-13331	268	5	97	97	NUM
fbem-13331	268	6	.	.	PUNCT
fbem-13331	269	1	[	[	X
fbem-13331	269	2	23	23	NUM
fbem-13331	269	3	]	]	X
fbem-13331	269	4	long	long	PROPN
fbem-13331	269	5	yu	yu	PROPN
fbem-13331	269	6	,	,	PUNCT
fbem-13331	269	7	li	li	PROPN
fbem-13331	269	8	yao	yao	PROPN
fbem-13331	269	9	.	.	PUNCT
fbem-13331	270	1	should	should	AUX
fbem-13331	270	2	venture	venture	VERB
fbem-13331	270	3	investment	investment	NOUN
fbem-13331	270	4	seek	seek	VERB
fbem-13331	270	5	farther	far	ADV
fbem-13331	270	6	away	away	ADV
fbem-13331	270	7	based	base	VERB
fbem-13331	270	8	on	on	ADP
fbem-13331	270	9	the	the	DET
fbem-13331	270	10	empirical	empirical	ADJ
fbem-13331	270	11	study	study	NOUN
fbem-13331	270	12	of	of	ADP
fbem-13331	270	13	china	china	PROPN
fbem-13331	270	14	's	's	PART
fbem-13331	270	15	venture	venture	PROPN
fbem-13331	270	16	capital	capital	NOUN
fbem-13331	270	17	regional	regional	ADJ
fbem-13331	270	18	exit	exit	NOUN
fbem-13331	270	19	rate[j	rate[j	PROPN
fbem-13331	270	20	]	]	PUNCT
fbem-13331	270	21	.	.	PUNCT
fbem-13331	271	1	finance	finance	NOUN
fbem-13331	271	2	and	and	CCONJ
fbem-13331	271	3	trade	trade	NOUN
fbem-13331	271	4	economy	economy	NOUN
fbem-13331	271	5	,	,	PUNCT
fbem-13331	271	6	2016	2016	NUM
fbem-13331	271	7	,	,	PUNCT
fbem-13331	271	8	(	(	PUNCT
fbem-13331	271	9	06):129	06):129	NUM
fbem-13331	271	10	-	-	SYM
fbem-13331	271	11	145	145	NUM
fbem-13331	271	12	.	.	PUNCT
fbem-13331	272	1	[	[	X
fbem-13331	272	2	24	24	NUM
fbem-13331	272	3	]	]	X
fbem-13331	272	4	luo	luo	PROPN
fbem-13331	272	5	jiade	jiade	PROPN
fbem-13331	272	6	,	,	PUNCT
fbem-13331	272	7	qin	qin	PROPN
fbem-13331	272	8	lang	lang	PROPN
fbem-13331	272	9	,	,	PUNCT
fbem-13331	272	10	zhou	zhou	PROPN
fbem-13331	272	11	ling	ling	PROPN
fbem-13331	272	12	.	.	PUNCT
fbem-13331	273	1	the	the	DET
fbem-13331	273	2	circle	circle	NOUN
fbem-13331	273	3	phenomenon	phenomenon	NOUN
fbem-13331	273	4	in	in	ADP
fbem-13331	273	5	china	china	PROPN
fbem-13331	273	6	's	's	PART
fbem-13331	273	7	venture	venture	NOUN
fbem-13331	273	8	capital	capital	NOUN
fbem-13331	273	9	industry[j	industry[j	PROPN
fbem-13331	273	10	]	]	PUNCT
fbem-13331	273	11	.	.	PUNCT
fbem-13331	274	1	journal	journal	PROPN
fbem-13331	274	2	of	of	ADP
fbem-13331	274	3	management	management	NOUN
fbem-13331	274	4	,	,	PUNCT
fbem-13331	274	5	2014	2014	NUM
fbem-13331	274	6	,	,	PUNCT
fbem-13331	274	7	(	(	PUNCT
fbem-13331	274	8	04):469	04):469	NOUN
fbem-13331	274	9	-	-	NOUN
fbem-13331	274	10	477	477	NUM
fbem-13331	274	11	.	.	PUNCT
fbem-13331	275	1	[	[	X
fbem-13331	275	2	25	25	NUM
fbem-13331	275	3	]	]	X
fbem-13331	275	4	ma	ma	PROPN
fbem-13331	275	5	renmin	renmin	PROPN
fbem-13331	275	6	,	,	PUNCT
fbem-13331	275	7	zhang	zhang	PROPN
fbem-13331	275	8	tiexin	tiexin	PROPN
fbem-13331	275	9	,	,	PUNCT
fbem-13331	275	10	chu	chu	PROPN
fbem-13331	275	11	wenhui	wenhui	PROPN
fbem-13331	275	12	.	.	PUNCT
fbem-13331	276	1	research	research	NOUN
fbem-13331	276	2	on	on	ADP
fbem-13331	276	3	the	the	DET
fbem-13331	276	4	impact	impact	NOUN
fbem-13331	276	5	of	of	ADP
fbem-13331	276	6	reputation	reputation	NOUN
fbem-13331	276	7	heterogeneity	heterogeneity	NOUN
fbem-13331	276	8	on	on	ADP
fbem-13331	276	9	the	the	DET
fbem-13331	276	10	intensity	intensity	NOUN
fbem-13331	276	11	of	of	ADP
fbem-13331	276	12	venture	venture	NOUN
fbem-13331	276	13	capital	capital	NOUN
fbem-13331	276	14	investment	investment	NOUN
fbem-13331	276	15	--	--	PUNCT
fbem-13331	276	16	another	another	DET
fbem-13331	276	17	discussion	discussion	NOUN
fbem-13331	276	18	on	on	ADP
fbem-13331	276	19	the	the	DET
fbem-13331	276	20	problem	problem	NOUN
fbem-13331	276	21	of	of	ADP
fbem-13331	276	22	low	low	ADJ
fbem-13331	276	23	rate	rate	NOUN
fbem-13331	276	24	of	of	ADP
fbem-13331	276	25	resource	resource	NOUN
fbem-13331	276	26	allocation	allocation	NOUN
fbem-13331	276	27	in	in	ADP
fbem-13331	276	28	venture	venture	NOUN
fbem-13331	276	29	capital	capital	NOUN
fbem-13331	276	30	market[j	market[j	PROPN
fbem-13331	276	31	]	]	PUNCT
fbem-13331	276	32	.	.	PUNCT
fbem-13331	277	1	soft	soft	ADJ
fbem-13331	277	2	science:1	science:1	PROPN
fbem-13331	277	3	-	-	PUNCT
fbem-13331	277	4	13	13	NUM
fbem-13331	277	5	.	.	PUNCT
fbem-13331	278	1	[	[	X
fbem-13331	278	2	26	26	NUM
fbem-13331	278	3	]	]	PUNCT
fbem-13331	278	4	pan	pan	PROPN
fbem-13331	278	5	yue	yue	PROPN
fbem-13331	278	6	,	,	PUNCT
fbem-13331	278	7	xiao	xiao	PROPN
fbem-13331	278	8	jinli	jinli	PROPN
fbem-13331	278	9	,	,	PUNCT
fbem-13331	278	10	dai	dai	PROPN
fbem-13331	278	11	yiyi	yiyi	PROPN
fbem-13331	278	12	.	.	PUNCT
fbem-13331	279	1	cultural	cultural	ADJ
fbem-13331	279	2	diversity	diversity	NOUN
fbem-13331	279	3	and	and	CCONJ
fbem-13331	279	4	corporate	corporate	ADJ
fbem-13331	279	5	innovation	innovation	NOUN
fbem-13331	279	6	:	:	PUNCT
fbem-13331	279	7	a	a	DET
fbem-13331	279	8	study	study	NOUN
fbem-13331	279	9	based	base	VERB
fbem-13331	279	10	on	on	ADP
fbem-13331	279	11	dialect	dialect	PROPN
fbem-13331	279	12	perspective[j	perspective[j	PROPN
fbem-13331	279	13	]	]	PUNCT
fbem-13331	279	14	.	.	PUNCT
fbem-13331	280	1	financial	financial	ADJ
fbem-13331	280	2	research,2017(10):146	research,2017(10):146	PROPN
fbem-13331	280	3	-	-	PUNCT
fbem-13331	280	4	161	161	NUM
fbem-13331	280	5	.	.	PUNCT
fbem-13331	281	1	[	[	X
fbem-13331	281	2	27	27	NUM
fbem-13331	281	3	]	]	X
fbem-13331	281	4	peng	peng	PROPN
fbem-13331	281	5	tao	tao	PROPN
fbem-13331	281	6	,	,	PUNCT
fbem-13331	281	7	huang	huang	PROPN
fbem-13331	281	8	fuguang	fuguang	PROPN
fbem-13331	281	9	,	,	PUNCT
fbem-13331	281	10	li	li	PROPN
fbem-13331	281	11	ya	ya	PROPN
fbem-13331	281	12	.	.	PROPN
fbem-13331	281	13	effectiveness	effectiveness	NOUN
fbem-13331	281	14	of	of	ADP
fbem-13331	281	15	stateowned	stateowned	ADJ
fbem-13331	281	16	venture	venture	NOUN
fbem-13331	281	17	capital	capital	NOUN
fbem-13331	281	18	:	:	PUNCT
fbem-13331	281	19	a	a	DET
fbem-13331	281	20	comparative	comparative	ADJ
fbem-13331	281	21	study	study	NOUN
fbem-13331	281	22	of	of	ADP
fbem-13331	281	23	certification	certification	NOUN
fbem-13331	281	24	and	and	CCONJ
fbem-13331	281	25	value	value	NOUN
fbem-13331	281	26	-	-	PUNCT
fbem-13331	281	27	added	add	VERB
fbem-13331	281	28	role[j	role[j	NOUN
fbem-13331	281	29	]	]	PUNCT
fbem-13331	281	30	.	.	PUNCT
fbem-13331	282	1	management	management	NOUN
fbem-13331	282	2	review,2022	review,2022	NOUN
fbem-13331	282	3	,	,	PUNCT
fbem-13331	282	4	(	(	PUNCT
fbem-13331	282	5	01):26	01):26	NUM
fbem-13331	282	6	-	-	SYM
fbem-13331	282	7	36	36	NUM
fbem-13331	282	8	.	.	PUNCT
fbem-13331	283	1	[	[	X
fbem-13331	283	2	28	28	NUM
fbem-13331	283	3	]	]	X
fbem-13331	283	4	qi	qi	PROPN
fbem-13331	283	5	yong	yong	PROPN
fbem-13331	283	6	,	,	PUNCT
fbem-13331	283	7	song	song	PROPN
fbem-13331	283	8	jiayang	jiayang	PROPN
fbem-13331	283	9	,	,	PUNCT
fbem-13331	283	10	zhang	zhang	PROPN
fbem-13331	283	11	yuan	yuan	PROPN
fbem-13331	283	12	.	.	PUNCT
fbem-13331	284	1	venture	venture	NOUN
fbem-13331	284	2	capital	capital	NOUN
fbem-13331	284	3	entry	entry	NOUN
fbem-13331	284	4	timing	timing	NOUN
fbem-13331	284	5	,	,	PUNCT
fbem-13331	284	6	external	external	ADJ
fbem-13331	284	7	environment	environment	NOUN
fbem-13331	284	8	and	and	CCONJ
fbem-13331	284	9	enterprise	enterprise	NOUN
fbem-13331	284	10	innovation	innovation	NOUN
fbem-13331	284	11	input[j	input[j	NOUN
fbem-13331	284	12	]	]	PUNCT
fbem-13331	284	13	.	.	PUNCT
fbem-13331	285	1	science	science	NOUN
fbem-13331	285	2	and	and	CCONJ
fbem-13331	285	3	technology	technology	NOUN
fbem-13331	285	4	progress	progress	NOUN
fbem-13331	285	5	and	and	CCONJ
fbem-13331	285	6	countermeasures	countermeasure	NOUN
fbem-13331	285	7	,	,	PUNCT
fbem-13331	285	8	2022	2022	NUM
fbem-13331	285	9	,	,	PUNCT
fbem-13331	285	10	(	(	PUNCT
fbem-13331	285	11	12):82	12):82	NUM
fbem-13331	285	12	-	-	SYM
fbem-13331	285	13	91	91	NUM
fbem-13331	285	14	.	.	PUNCT
fbem-13331	286	1	[	[	X
fbem-13331	286	2	29	29	NUM
fbem-13331	286	3	]	]	PUNCT
fbem-13331	286	4	song	song	PROPN
fbem-13331	286	5	yuanyang	yuanyang	PROPN
fbem-13331	286	6	,	,	PUNCT
fbem-13331	286	7	huang	huang	PROPN
fbem-13331	286	8	liwei	liwei	PROPN
fbem-13331	286	9	.	.	PUNCT
fbem-13331	287	1	why	why	SCONJ
fbem-13331	287	2	is	be	AUX
fbem-13331	287	3	it	it	PRON
fbem-13331	287	4	difficult	difficult	ADJ
fbem-13331	287	5	for	for	SCONJ
fbem-13331	287	6	chinese	chinese	ADJ
fbem-13331	287	7	enterprises	enterprise	NOUN
fbem-13331	287	8	to	to	PART
fbem-13331	287	9	operate	operate	VERB
fbem-13331	287	10	domestically	domestically	ADV
fbem-13331	287	11	across	across	ADP
fbem-13331	287	12	regions	region	NOUN
fbem-13331	287	13	?	?	PUNCT
fbem-13331	288	1	[	[	X
fbem-13331	288	2	j	j	X
fbem-13331	288	3	]	]	X
fbem-13331	288	4	.	.	PUNCT
fbem-13331	289	1	management	management	PROPN
fbem-13331	289	2	world,2014,(12):115	world,2014,(12):115	PROPN
fbem-13331	289	3	-	-	PUNCT
fbem-13331	289	4	133	133	NUM
fbem-13331	289	5	.	.	PUNCT
fbem-13331	290	1	[	[	X
fbem-13331	290	2	30	30	NUM
fbem-13331	290	3	]	]	PUNCT
fbem-13331	290	4	song	song	NOUN
fbem-13331	290	5	yuanyang	yuanyang	PROPN
fbem-13331	290	6	.	.	PUNCT
fbem-13331	291	1	institutional	institutional	ADJ
fbem-13331	291	2	distance	distance	NOUN
fbem-13331	291	3	,	,	PUNCT
fbem-13331	291	4	relative	relative	ADJ
fbem-13331	291	5	level	level	NOUN
fbem-13331	291	6	of	of	ADP
fbem-13331	291	7	institutional	institutional	ADJ
fbem-13331	291	8	development	development	NOUN
fbem-13331	291	9	,	,	PUNCT
fbem-13331	291	10	and	and	CCONJ
fbem-13331	291	11	service	service	NOUN
fbem-13331	291	12	firms	firm	NOUN
fbem-13331	291	13	'	'	PART
fbem-13331	291	14	domestic	domestic	ADJ
fbem-13331	291	15	crossregional	crossregional	ADJ
fbem-13331	291	16	business	business	NOUN
fbem-13331	291	17	strategies	strategy	NOUN
fbem-13331	291	18	empirical	empirical	ADJ
fbem-13331	291	19	evidence	evidence	NOUN
fbem-13331	291	20	from	from	ADP
fbem-13331	291	21	china	china	PROPN
fbem-13331	291	22	's	's	PART
fbem-13331	291	23	securities	security	NOUN
fbem-13331	291	24	industry[j	industry[j	NOUN
fbem-13331	291	25	]	]	PUNCT
fbem-13331	291	26	.	.	PUNCT
fbem-13331	292	1	nankai	nankai	PROPN
fbem-13331	292	2	management	management	PROPN
fbem-13331	292	3	review,2015	review,2015	PROPN
fbem-13331	292	4	,	,	PUNCT
fbem-13331	292	5	(	(	PUNCT
fbem-13331	292	6	03):60	03):60	NUM
fbem-13331	292	7	-	-	SYM
fbem-13331	292	8	70	70	NUM
fbem-13331	292	9	.	.	PUNCT
fbem-13331	293	1	[	[	X
fbem-13331	293	2	31	31	NUM
fbem-13331	293	3	]	]	PUNCT
fbem-13331	293	4	wang	wang	PROPN
fbem-13331	293	5	yu	yu	PROPN
fbem-13331	293	6	,	,	PUNCT
fbem-13331	293	7	zhang	zhang	PROPN
fbem-13331	293	8	jingxiang	jingxiang	PROPN
fbem-13331	293	9	.	.	PUNCT
fbem-13331	293	10	mechanisms	mechanism	NOUN
fbem-13331	293	11	and	and	CCONJ
fbem-13331	293	12	effects	effect	NOUN
fbem-13331	293	13	of	of	ADP
fbem-13331	293	14	regional	regional	ADJ
fbem-13331	293	15	economic	economic	ADJ
fbem-13331	293	16	integration	integration	NOUN
fbem-13331	293	17	spatial	spatial	ADJ
fbem-13331	293	18	development	development	NOUN
fbem-13331	293	19	explanation	explanation	NOUN
fbem-13331	293	20	based	base	VERB
fbem-13331	293	21	on	on	ADP
fbem-13331	293	22	institutional	institutional	ADJ
fbem-13331	293	23	distance[j	distance[j	NOUN
fbem-13331	293	24	]	]	PUNCT
fbem-13331	293	25	.	.	PUNCT
fbem-13331	294	1	economic	economic	ADJ
fbem-13331	294	2	geography,2022	geography,2022	NOUN
fbem-13331	294	3	,	,	PUNCT
fbem-13331	294	4	(	(	PUNCT
fbem-13331	294	5	01):28	01):28	NUM
fbem-13331	294	6	-	-	SYM
fbem-13331	294	7	36	36	NUM
fbem-13331	294	8	.	.	PUNCT
fbem-13331	295	1	[	[	X
fbem-13331	295	2	32	32	NUM
fbem-13331	295	3	]	]	X
fbem-13331	295	4	wen	wen	PROPN
fbem-13331	295	5	jun	jun	PROPN
fbem-13331	295	6	,	,	PUNCT
fbem-13331	295	7	feng	feng	PROPN
fbem-13331	295	8	genfu	genfu	PROPN
fbem-13331	295	9	.	.	PUNCT
fbem-13331	296	1	venture	venture	NOUN
fbem-13331	296	2	capital	capital	NOUN
fbem-13331	296	3	and	and	CCONJ
fbem-13331	296	4	corporate	corporate	ADJ
fbem-13331	296	5	innovation	innovation	NOUN
fbem-13331	296	6	:	:	PUNCT
fbem-13331	296	7	the	the	DET
fbem-13331	296	8	trade	trade	NOUN
fbem-13331	296	9	-	-	PUNCT
fbem-13331	296	10	off	off	NOUN
fbem-13331	296	11	between	between	ADP
fbem-13331	296	12	"	"	PUNCT
fbem-13331	296	13	value	value	NOUN
fbem-13331	296	14	-	-	PUNCT
fbem-13331	296	15	added	add	VERB
fbem-13331	296	16	"	"	PUNCT
fbem-13331	296	17	and	and	CCONJ
fbem-13331	296	18	"	"	PUNCT
fbem-13331	296	19	capture"[j	capture"[j	PROPN
fbem-13331	296	20	]	]	PUNCT
fbem-13331	296	21	.	.	PUNCT
fbem-13331	297	1	economic	economic	ADJ
fbem-13331	297	2	research,2018	research,2018	NOUN
fbem-13331	297	3	,	,	PUNCT
fbem-13331	297	4	(	(	PUNCT
fbem-13331	297	5	02):185	02):185	NUM
fbem-13331	297	6	-	-	SYM
fbem-13331	297	7	199	199	NUM
fbem-13331	297	8	.	.	PUNCT
fbem-13331	298	1	[	[	X
fbem-13331	298	2	33	33	NUM
fbem-13331	298	3	]	]	X
fbem-13331	298	4	wen	wen	PROPN
fbem-13331	298	5	zhonglin	zhonglin	PROPN
fbem-13331	298	6	,	,	PUNCT
fbem-13331	298	7	ye	ye	PROPN
fbem-13331	298	8	baojuan	baojuan	PROPN
fbem-13331	298	9	.	.	PUNCT
fbem-13331	299	1	mediation	mediation	NOUN
fbem-13331	299	2	effects	effect	NOUN
fbem-13331	299	3	analysis	analysis	NOUN
fbem-13331	299	4	:	:	PUNCT
fbem-13331	299	5	methodology	methodology	NOUN
fbem-13331	299	6	and	and	CCONJ
fbem-13331	299	7	model	model	VERB
fbem-13331	299	8	development[j	development[j	PROPN
fbem-13331	299	9	]	]	PUNCT
fbem-13331	299	10	.	.	PUNCT
fbem-13331	300	1	advances	advance	NOUN
fbem-13331	300	2	in	in	ADP
fbem-13331	300	3	psychological	psychological	ADJ
fbem-13331	300	4	science,2014,(05):731	science,2014,(05):731	NOUN
fbem-13331	300	5	-	-	PUNCT
fbem-13331	300	6	745	745	NUM
fbem-13331	300	7	.	.	PUNCT
fbem-13331	301	1	[	[	X
fbem-13331	301	2	34	34	NUM
fbem-13331	301	3	]	]	X
fbem-13331	301	4	wu	wu	PROPN
fbem-13331	301	5	qingshan	qingshan	PROPN
fbem-13331	301	6	,	,	PUNCT
fbem-13331	301	7	wu	wu	PROPN
fbem-13331	301	8	yuming	yuming	PROPN
fbem-13331	301	9	,	,	PUNCT
fbem-13331	301	10	cai	cai	PROPN
fbem-13331	301	11	huijie	huijie	PROPN
fbem-13331	301	12	.	.	PUNCT
fbem-13331	302	1	regional	regional	ADJ
fbem-13331	302	2	integration	integration	NOUN
fbem-13331	302	3	and	and	CCONJ
fbem-13331	302	4	enterprise	enterprise	NOUN
fbem-13331	302	5	innovation	innovation	NOUN
fbem-13331	302	6	quality	quality	NOUN
fbem-13331	302	7	-	-	PUNCT
fbem-13331	302	8	evidence	evidence	NOUN
fbem-13331	302	9	from	from	ADP
fbem-13331	302	10	the	the	DET
fbem-13331	302	11	expansion	expansion	NOUN
fbem-13331	302	12	of	of	ADP
fbem-13331	302	13	the	the	DET
fbem-13331	302	14	yangtze	yangtze	PROPN
fbem-13331	302	15	river	river	PROPN
fbem-13331	302	16	delta	delta	PROPN
fbem-13331	302	17	city	city	NOUN
fbem-13331	302	18	cluster[j	cluster[j	PROPN
fbem-13331	302	19	]	]	PUNCT
fbem-13331	302	20	.	.	PUNCT
fbem-13331	303	1	science	science	NOUN
fbem-13331	303	2	and	and	CCONJ
fbem-13331	303	3	technology	technology	NOUN
fbem-13331	303	4	progress	progress	NOUN
fbem-13331	303	5	and	and	CCONJ
fbem-13331	303	6	countermeasures:1	countermeasures:1	NOUN
fbem-13331	303	7	-	-	PUNCT
fbem-13331	303	8	10	10	NUM
fbem-13331	303	9	.	.	PUNCT
fbem-13331	304	1	[	[	X
fbem-13331	304	2	35	35	NUM
fbem-13331	304	3	]	]	X
fbem-13331	304	4	wu	wu	PROPN
fbem-13331	305	1	you	you	PRON
fbem-13331	305	2	,	,	PUNCT
fbem-13331	305	3	dong	dong	PROPN
fbem-13331	305	4	jing	jing	PROPN
fbem-13331	305	5	.	.	PUNCT
fbem-13331	306	1	venture	venture	NOUN
fbem-13331	306	2	capital	capital	NOUN
fbem-13331	306	3	and	and	CCONJ
fbem-13331	306	4	corporate	corporate	ADJ
fbem-13331	306	5	innovation	innovation	NOUN
fbem-13331	306	6	:	:	PUNCT
fbem-13331	306	7	effectiveness	effectiveness	NOUN
fbem-13331	306	8	assessment	assessment	NOUN
fbem-13331	306	9	and	and	CCONJ
fbem-13331	306	10	mechanism	mechanism	NOUN
fbem-13331	306	11	validation[j].shanghai	validation[j].shanghai	PROPN
fbem-13331	306	12	economic	economic	PROPN
fbem-13331	306	13	research,2022,(04):112128	research,2022,(04):112128	PROPN
fbem-13331	306	14	.	.	PROPN
fbem-13331	307	1	286	286	NUM
fbem-13331	307	2	[	[	SYM
fbem-13331	307	3	36	36	NUM
fbem-13331	307	4	]	]	PUNCT
fbem-13331	307	5	xia	xia	PROPN
fbem-13331	307	6	lili	lili	PROPN
fbem-13331	307	7	,	,	PUNCT
fbem-13331	307	8	tian	tian	ADJ
fbem-13331	307	9	maozai	maozai	PROPN
fbem-13331	307	10	.	.	PUNCT
fbem-13331	307	11	nonparametric	nonparametric	ADJ
fbem-13331	307	12	statistical	statistical	ADJ
fbem-13331	307	13	analysis	analysis	NOUN
fbem-13331	307	14	of	of	ADP
fbem-13331	307	15	zero	zero	NUM
fbem-13331	307	16	-	-	PUNCT
fbem-13331	307	17	inflated	inflate	VERB
fbem-13331	307	18	poisson	poisson	NOUN
fbem-13331	307	19	regression	regression	NOUN
fbem-13331	307	20	model	model	NOUN
fbem-13331	307	21	and	and	CCONJ
fbem-13331	307	22	its	its	PRON
fbem-13331	307	23	application[j	application[j	PROPN
fbem-13331	307	24	]	]	PUNCT
fbem-13331	307	25	.	.	PUNCT
fbem-13331	308	1	mathematical	mathematical	ADJ
fbem-13331	308	2	statistics	statistic	NOUN
fbem-13331	308	3	and	and	CCONJ
fbem-13331	308	4	management,2019,(02):235	management,2019,(02):235	PROPN
fbem-13331	308	5	-	-	PUNCT
fbem-13331	308	6	246	246	NUM
fbem-13331	308	7	.	.	PUNCT
fbem-13331	309	1	[	[	X
fbem-13331	309	2	37	37	NUM
fbem-13331	309	3	]	]	PUNCT
fbem-13331	309	4	xu	xu	PROPN
fbem-13331	309	5	hong	hong	PROPN
fbem-13331	309	6	,	,	PUNCT
fbem-13331	309	7	zhu	zhu	PROPN
fbem-13331	309	8	daoli	daoli	PROPN
fbem-13331	309	9	.	.	PUNCT
fbem-13331	310	1	cvc	cvc	NOUN
fbem-13331	310	2	parent	parent	NOUN
fbem-13331	310	3	company	company	NOUN
fbem-13331	310	4	reputation	reputation	NOUN
fbem-13331	310	5	,	,	PUNCT
fbem-13331	310	6	geographic	geographic	ADJ
fbem-13331	310	7	relevance	relevance	NOUN
fbem-13331	310	8	and	and	CCONJ
fbem-13331	310	9	corporate	corporate	ADJ
fbem-13331	310	10	innovation[j	innovation[j	PROPN
fbem-13331	310	11	]	]	PUNCT
fbem-13331	310	12	.	.	PUNCT
fbem-13331	311	1	journal	journal	PROPN
fbem-13331	311	2	of	of	ADP
fbem-13331	311	3	nanjing	nanjing	PROPN
fbem-13331	311	4	audit	audit	PROPN
fbem-13331	311	5	university,2022	university,2022	NOUN
fbem-13331	311	6	,	,	PUNCT
fbem-13331	311	7	(	(	PUNCT
fbem-13331	311	8	04):41	04):41	NUM
fbem-13331	311	9	-	-	SYM
fbem-13331	311	10	50	50	NUM
fbem-13331	311	11	.	.	PUNCT
fbem-13331	312	1	[	[	X
fbem-13331	312	2	38	38	NUM
fbem-13331	312	3	]	]	PUNCT
fbem-13331	312	4	yin	yin	PROPN
fbem-13331	312	5	qingmin	qingmin	NOUN
fbem-13331	312	6	,	,	PUNCT
fbem-13331	312	7	qi	qi	PROPN
fbem-13331	312	8	shoushuo	shoushuo	NOUN
fbem-13331	312	9	.	.	PUNCT
fbem-13331	313	1	research	research	NOUN
fbem-13331	313	2	on	on	ADP
fbem-13331	313	3	the	the	DET
fbem-13331	313	4	impact	impact	NOUN
fbem-13331	313	5	of	of	ADP
fbem-13331	313	6	regional	regional	ADJ
fbem-13331	313	7	integration	integration	NOUN
fbem-13331	313	8	on	on	ADP
fbem-13331	313	9	the	the	DET
fbem-13331	313	10	quality	quality	NOUN
fbem-13331	313	11	of	of	ADP
fbem-13331	313	12	economic	economic	ADJ
fbem-13331	313	13	development	development	NOUN
fbem-13331	313	14	a	a	DET
fbem-13331	313	15	quasi	quasi	ADJ
fbem-13331	313	16	-	-	ADJ
fbem-13331	313	17	natural	natural	ADJ
fbem-13331	313	18	empirical	empirical	ADJ
fbem-13331	313	19	analysis	analysis	NOUN
fbem-13331	313	20	based	base	VERB
fbem-13331	313	21	on	on	ADP
fbem-13331	313	22	cities	city	NOUN
fbem-13331	313	23	in	in	ADP
fbem-13331	313	24	the	the	DET
fbem-13331	313	25	central	central	ADJ
fbem-13331	313	26	region	region	NOUN
fbem-13331	313	27	of	of	ADP
fbem-13331	313	28	the	the	DET
fbem-13331	313	29	yangtze	yangtze	PROPN
fbem-13331	313	30	river	river	PROPN
fbem-13331	313	31	delta[j	delta[j	PROPN
fbem-13331	313	32	]	]	PUNCT
fbem-13331	313	33	.	.	PUNCT
fbem-13331	314	1	soft	soft	ADJ
fbem-13331	314	2	science:1	science:1	PROPN
fbem-13331	314	3	-	-	PUNCT
fbem-13331	314	4	16	16	NUM
fbem-13331	314	5	.	.	PUNCT
fbem-13331	315	1	[	[	X
fbem-13331	315	2	39	39	NUM
fbem-13331	315	3	]	]	PUNCT
fbem-13331	315	4	yu	yu	PROPN
fbem-13331	315	5	yan	yan	PROPN
fbem-13331	315	6	,	,	PUNCT
fbem-13331	315	7	luo	luo	PROPN
fbem-13331	315	8	wei	wei	PROPN
fbem-13331	315	9	,	,	PUNCT
fbem-13331	315	10	li	li	PROPN
fbem-13331	315	11	yizong	yizong	PROPN
fbem-13331	315	12	,	,	PUNCT
fbem-13331	315	13	zhu	zhu	PROPN
fbem-13331	315	14	qi	qi	PROPN
fbem-13331	315	15	.	.	PUNCT
fbem-13331	315	16	investment	investment	NOUN
fbem-13331	315	17	behaviour	behaviour	NOUN
fbem-13331	315	18	and	and	CCONJ
fbem-13331	315	19	investment	investment	NOUN
fbem-13331	315	20	effectiveness	effectiveness	NOUN
fbem-13331	315	21	of	of	ADP
fbem-13331	315	22	state	state	NOUN
fbem-13331	315	23	-	-	PUNCT
fbem-13331	315	24	owned	own	VERB
fbem-13331	315	25	venture	venture	NOUN
fbem-13331	315	26	capital[j	capital[j	NOUN
fbem-13331	315	27	]	]	PUNCT
fbem-13331	315	28	.	.	PUNCT
fbem-13331	316	1	economic	economic	ADJ
fbem-13331	316	2	research,2014	research,2014	PROPN
fbem-13331	316	3	,	,	PUNCT
fbem-13331	316	4	(	(	PUNCT
fbem-13331	316	5	02):32	02):32	NOUN
fbem-13331	316	6	-	-	SYM
fbem-13331	316	7	46	46	NUM
fbem-13331	316	8	.	.	PUNCT
fbem-13331	317	1	[	[	X
fbem-13331	317	2	40	40	NUM
fbem-13331	317	3	]	]	X
fbem-13331	317	4	zhang	zhang	PROPN
fbem-13331	317	5	chong	chong	PROPN
fbem-13331	317	6	,	,	PUNCT
fbem-13331	317	7	jiao	jiao	PROPN
fbem-13331	317	8	weiwei	weiwei	PROPN
fbem-13331	317	9	.	.	PUNCT
fbem-13331	317	10	venture	venture	NOUN
fbem-13331	317	11	capital	capital	NOUN
fbem-13331	317	12	,	,	PUNCT
fbem-13331	317	13	regional	regional	ADJ
fbem-13331	317	14	institutional	institutional	ADJ
fbem-13331	317	15	environment	environment	NOUN
fbem-13331	317	16	and	and	CCONJ
fbem-13331	317	17	regional	regional	ADJ
fbem-13331	317	18	innovation	innovation	NOUN
fbem-13331	317	19	performance[j	performance[j	NOUN
fbem-13331	317	20	]	]	PUNCT
fbem-13331	317	21	.	.	PUNCT
fbem-13331	318	1	research	research	NOUN
fbem-13331	318	2	on	on	ADP
fbem-13331	318	3	financial	financial	ADJ
fbem-13331	318	4	issues,2022,(04):75	issues,2022,(04):75	PROPN
fbem-13331	318	5	-	-	SYM
fbem-13331	318	6	82	82	NUM
fbem-13331	318	7	.	.	PUNCT
fbem-13331	319	1	[	[	X
fbem-13331	319	2	41	41	NUM
fbem-13331	319	3	]	]	X
fbem-13331	319	4	zhang	zhang	PROPN
fbem-13331	319	5	j	j	PROPN
fbem-13331	319	6	,	,	PUNCT
fbem-13331	319	7	wang	wang	PROPN
fbem-13331	319	8	wk	wk	PROPN
fbem-13331	319	9	.	.	PROPN
fbem-13331	319	10	dialect	dialect	PROPN
fbem-13331	319	11	diversification	diversification	NOUN
fbem-13331	319	12	and	and	CCONJ
fbem-13331	319	13	firm	firm	ADJ
fbem-13331	319	14	innovation	innovation	NOUN
fbem-13331	319	15	-	-	PUNCT
fbem-13331	319	16	facts	fact	NOUN
fbem-13331	319	17	and	and	CCONJ
fbem-13331	319	18	mechanisms	mechanism	NOUN
fbem-13331	319	19	in	in	ADP
fbem-13331	319	20	china[j	china[j	PROPN
fbem-13331	319	21	]	]	PUNCT
fbem-13331	319	22	.	.	PUNCT
fbem-13331	320	1	financial	financial	PROPN
fbem-13331	320	2	research,2022(03):135	research,2022(03):135	PROPN
fbem-13331	320	3	-	-	PUNCT
fbem-13331	320	4	151	151	NUM
fbem-13331	320	5	.	.	PUNCT
fbem-13331	321	1	[	[	X
fbem-13331	321	2	42	42	NUM
fbem-13331	321	3	]	]	X
fbem-13331	321	4	zhang	zhang	PROPN
fbem-13331	321	5	xueyong	xueyong	PROPN
fbem-13331	321	6	,	,	PUNCT
fbem-13331	321	7	wu	wu	PROPN
fbem-13331	321	8	yuling	yuling	PROPN
fbem-13331	321	9	,	,	PUNCT
fbem-13331	321	10	zheng	zheng	PROPN
fbem-13331	321	11	yi	yi	PROPN
fbem-13331	321	12	.	.	PUNCT
fbem-13331	322	1	a	a	DET
fbem-13331	322	2	study	study	NOUN
fbem-13331	322	3	on	on	ADP
fbem-13331	322	4	the	the	DET
fbem-13331	322	5	local	local	ADJ
fbem-13331	322	6	preference	preference	NOUN
fbem-13331	322	7	of	of	ADP
fbem-13331	322	8	venture	venture	NOUN
fbem-13331	322	9	capital	capital	NOUN
fbem-13331	322	10	institutions	institution	NOUN
fbem-13331	322	11	(	(	PUNCT
fbem-13331	322	12	vcs	vcs	PROPN
fbem-13331	322	13	)	)	PUNCT
fbem-13331	322	14	in	in	ADP
fbem-13331	322	15	china[j	china[j	NOUN
fbem-13331	322	16	]	]	PUNCT
fbem-13331	322	17	.	.	PUNCT
fbem-13331	323	1	investment	investment	PROPN
fbem-13331	323	2	research,2016	research,2016	PROPN
fbem-13331	323	3	,	,	PUNCT
fbem-13331	323	4	(	(	PUNCT
fbem-13331	323	5	06):86	06):86	NUM
fbem-13331	323	6	-	-	SYM
fbem-13331	323	7	104	104	NUM
fbem-13331	323	8	.	.	PUNCT
fbem-13331	324	1	[	[	X
fbem-13331	324	2	43	43	NUM
fbem-13331	324	3	]	]	X
fbem-13331	324	4	zhao	zhao	PROPN
fbem-13331	324	5	yuping	yuping	NOUN
fbem-13331	324	6	,	,	PUNCT
fbem-13331	324	7	wang	wang	PROPN
fbem-13331	324	8	mingfeng	mingfeng	PROPN
fbem-13331	324	9	,	,	PUNCT
fbem-13331	324	10	tang	tang	PROPN
fbem-13331	324	11	xi	xi	PROPN
fbem-13331	324	12	.	.	PUNCT
fbem-13331	325	1	urban	urban	ADJ
fbem-13331	325	2	spatial	spatial	ADJ
fbem-13331	325	3	linkage	linkage	NOUN
fbem-13331	325	4	and	and	CCONJ
fbem-13331	325	5	planning	planning	NOUN
fbem-13331	325	6	in	in	ADP
fbem-13331	325	7	the	the	DET
fbem-13331	325	8	context	context	NOUN
fbem-13331	325	9	of	of	ADP
fbem-13331	325	10	yangtze	yangtze	PROPN
fbem-13331	325	11	river	river	PROPN
fbem-13331	325	12	delta	delta	PROPN
fbem-13331	325	13	integration	integration	NOUN
fbem-13331	325	14	-	-	PUNCT
fbem-13331	325	15	a	a	DET
fbem-13331	325	16	study	study	NOUN
fbem-13331	325	17	based	base	VERB
fbem-13331	325	18	on	on	ADP
fbem-13331	325	19	venture	venture	NOUN
fbem-13331	325	20	capital	capital	NOUN
fbem-13331	325	21	activities[j	activities[j	PROPN
fbem-13331	325	22	]	]	X
fbem-13331	325	23	.	.	PUNCT
fbem-13331	326	1	urban	urban	ADJ
fbem-13331	326	2	planning,2020	planning,2020	NOUN
fbem-13331	326	3	,	,	PUNCT
fbem-13331	326	4	(	(	PUNCT
fbem-13331	326	5	06):55	06):55	NUM
fbem-13331	326	6	-	-	SYM
fbem-13331	326	7	64	64	NUM
fbem-13331	326	8	.	.	PUNCT
fbem-13331	327	1	[	[	X
fbem-13331	327	2	44	44	NUM
fbem-13331	327	3	]	]	X
fbem-13331	327	4	zhou	zhou	PROPN
fbem-13331	327	5	lei	lei	PROPN
fbem-13331	327	6	,	,	PUNCT
fbem-13331	327	7	sun	sun	PROPN
fbem-13331	327	8	ninghua	ninghua	PROPN
fbem-13331	327	9	,	,	PUNCT
fbem-13331	327	10	mu	mu	PROPN
fbem-13331	327	11	yefeng	yefeng	PROPN
fbem-13331	327	12	,	,	PUNCT
fbem-13331	327	13	zhang	zhang	PROPN
fbem-13331	327	14	shulei	shulei	PROPN
fbem-13331	327	15	.	.	PUNCT
fbem-13331	328	1	polarisation	polarisation	NOUN
fbem-13331	328	2	and	and	CCONJ
fbem-13331	328	3	diffusion	diffusion	NOUN
fbem-13331	328	4	:	:	PUNCT
fbem-13331	328	5	the	the	DET
fbem-13331	328	6	role	role	NOUN
fbem-13331	328	7	of	of	ADP
fbem-13331	328	8	the	the	DET
fbem-13331	328	9	yangtze	yangtze	PROPN
fbem-13331	328	10	river	river	PROPN
fbem-13331	328	11	delta	delta	PROPN
fbem-13331	328	12	in	in	ADP
fbem-13331	328	13	regional	regional	ADJ
fbem-13331	328	14	balanced	balanced	ADJ
fbem-13331	328	15	development	development	NOUN
fbem-13331	328	16	-	-	PUNCT
fbem-13331	328	17	evidence	evidence	NOUN
fbem-13331	328	18	from	from	ADP
fbem-13331	328	19	the	the	DET
fbem-13331	328	20	yangtze	yangtze	PROPN
fbem-13331	328	21	river	river	PROPN
fbem-13331	328	22	delta	delta	PROPN
fbem-13331	328	23	and	and	CCONJ
fbem-13331	328	24	the	the	DET
fbem-13331	328	25	city	city	NOUN
fbem-13331	328	26	clusters	cluster	NOUN
fbem-13331	328	27	in	in	ADP
fbem-13331	328	28	the	the	DET
fbem-13331	328	29	middle	middle	ADJ
fbem-13331	328	30	reaches	reach	NOUN
fbem-13331	328	31	of	of	ADP
fbem-13331	328	32	the	the	DET
fbem-13331	328	33	yangtze	yangtze	PROPN
fbem-13331	328	34	river[j	river[j	PROPN
fbem-13331	328	35	]	]	PUNCT
fbem-13331	328	36	.	.	PUNCT
fbem-13331	329	1	yangtze	yangtze	PROPN
fbem-13331	329	2	river	river	PROPN
fbem-13331	329	3	basin	basin	NOUN
fbem-13331	329	4	resources	resource	NOUN
fbem-13331	329	5	and	and	CCONJ
fbem-13331	329	6	environment,2021,(04):782	environment,2021,(04):782	PROPN
fbem-13331	329	7	-	-	PUNCT
fbem-13331	329	8	795	795	NUM
fbem-13331	329	9	.	.	PUNCT
fbem-13331	330	1	[	[	X
fbem-13331	330	2	45	45	NUM
fbem-13331	330	3	]	]	PUNCT
fbem-13331	330	4	available	available	ADJ
fbem-13331	330	5	:	:	PUNCT
fbem-13331	330	6	http://www.halcyon.com/pub/journals/21ps03vidmar	http://www.halcyon.com/pub/journals/21ps03vidmar	PROPN