id	sid	tid	token	lemma	pos
fbem-14090	1	1	frontiers	frontier	NOUN
fbem-14090	1	2	in	in	ADP
fbem-14090	1	3	business	business	NOUN
fbem-14090	1	4	,	,	PUNCT
fbem-14090	1	5	economics	economic	NOUN
fbem-14090	1	6	and	and	CCONJ
fbem-14090	1	7	management	management	NOUN
fbem-14090	1	8	issn	issn	PROPN
fbem-14090	1	9	:	:	PUNCT
fbem-14090	1	10	2766	2766	NUM
fbem-14090	1	11	-	-	PUNCT
fbem-14090	1	12	824x	824x	NUM
fbem-14090	1	13	|	|	ADJ
fbem-14090	1	14	vol	vol	NOUN
fbem-14090	1	15	.	.	PROPN
fbem-14090	2	1	12	12	NUM
fbem-14090	2	2	,	,	PUNCT
fbem-14090	2	3	no	no	INTJ
fbem-14090	2	4	.	.	NOUN
fbem-14090	2	5	1	1	NUM
fbem-14090	2	6	,	,	PUNCT
fbem-14090	2	7	2023	2023	NUM
fbem-14090	2	8	182	182	NUM
fbem-14090	2	9	research	research	NOUN
fbem-14090	2	10	on	on	ADP
fbem-14090	2	11	financial	financial	ADJ
fbem-14090	2	12	risk	risk	NOUN
fbem-14090	2	13	factors	factor	NOUN
fbem-14090	2	14	under	under	ADP
fbem-14090	2	15	the	the	DET
fbem-14090	2	16	perspective	perspective	NOUN
fbem-14090	2	17	of	of	ADP
fbem-14090	2	18	cross‐border	cross‐border	ADJ
fbem-14090	2	19	mergers	merger	NOUN
fbem-14090	2	20	and	and	CCONJ
fbem-14090	2	21	acquisitions	acquisition	NOUN
fbem-14090	2	22	of	of	ADP
fbem-14090	2	23	chinese	chinese	ADJ
fbem-14090	2	24	enterprises	enterprise	NOUN
fbem-14090	2	25	tianyu	tianyu	VERB
fbem-14090	2	26	luo	luo	PROPN
fbem-14090	2	27	*	*	PROPN
fbem-14090	2	28	school	school	NOUN
fbem-14090	2	29	of	of	ADP
fbem-14090	2	30	statistics	statistic	NOUN
fbem-14090	2	31	&	&	CCONJ
fbem-14090	2	32	mathematics	mathematics	PROPN
fbem-14090	2	33	,	,	PUNCT
fbem-14090	2	34	zhongnan	zhongnan	PROPN
fbem-14090	2	35	university	university	PROPN
fbem-14090	2	36	of	of	ADP
fbem-14090	2	37	economics	economic	NOUN
fbem-14090	2	38	and	and	CCONJ
fbem-14090	2	39	law	law	NOUN
fbem-14090	2	40	,	,	PUNCT
fbem-14090	2	41	wuhan	wuhan	PROPN
fbem-14090	2	42	,	,	PUNCT
fbem-14090	2	43	hubei	hubei	PROPN
fbem-14090	2	44	,	,	PUNCT
fbem-14090	2	45	4300073	4300073	NUM
fbem-14090	2	46	china	china	PROPN
fbem-14090	2	47	*	*	PUNCT
fbem-14090	2	48	corresponding	correspond	VERB
fbem-14090	2	49	author	author	NOUN
fbem-14090	2	50	’s	’s	PART
fbem-14090	2	51	e	e	NOUN
fbem-14090	2	52	-	-	NOUN
fbem-14090	2	53	mail	mail	NOUN
fbem-14090	2	54	:	:	PUNCT
fbem-14090	2	55	codty1@outlook.com	codty1@outlook.com	X
fbem-14090	2	56	abstract	abstract	NOUN
fbem-14090	2	57	:	:	PUNCT
fbem-14090	2	58	chinese	chinese	ADJ
fbem-14090	2	59	enterprises	enterprise	NOUN
fbem-14090	2	60	are	be	AUX
fbem-14090	2	61	increasingly	increasingly	ADV
fbem-14090	2	62	participating	participate	VERB
fbem-14090	2	63	in	in	ADP
fbem-14090	2	64	cross	cross	ADJ
fbem-14090	2	65	-	-	ADJ
fbem-14090	2	66	border	border	ADJ
fbem-14090	2	67	mergers	merger	NOUN
fbem-14090	2	68	and	and	CCONJ
fbem-14090	2	69	acquisitions	acquisition	NOUN
fbem-14090	2	70	(	(	PUNCT
fbem-14090	2	71	m&a	m&a	PROPN
fbem-14090	2	72	)	)	PUNCT
fbem-14090	2	73	.	.	PUNCT
fbem-14090	3	1	however	however	ADV
fbem-14090	3	2	,	,	PUNCT
fbem-14090	3	3	due	due	ADP
fbem-14090	3	4	to	to	ADP
fbem-14090	3	5	the	the	DET
fbem-14090	3	6	complexity	complexity	NOUN
fbem-14090	3	7	of	of	ADP
fbem-14090	3	8	the	the	DET
fbem-14090	3	9	m&a	m&a	PROPN
fbem-14090	3	10	process	process	NOUN
fbem-14090	3	11	,	,	PUNCT
fbem-14090	3	12	poor	poor	ADJ
fbem-14090	3	13	decision	decision	NOUN
fbem-14090	3	14	-	-	PUNCT
fbem-14090	3	15	making	making	NOUN
fbem-14090	3	16	often	often	ADV
fbem-14090	3	17	leads	lead	VERB
fbem-14090	3	18	to	to	ADP
fbem-14090	3	19	financial	financial	ADJ
fbem-14090	3	20	risks	risk	NOUN
fbem-14090	3	21	after	after	ADP
fbem-14090	3	22	the	the	DET
fbem-14090	3	23	completion	completion	NOUN
fbem-14090	3	24	of	of	ADP
fbem-14090	3	25	the	the	DET
fbem-14090	3	26	m&a	m&a	PROPN
fbem-14090	3	27	.	.	PUNCT
fbem-14090	4	1	therefore	therefore	ADV
fbem-14090	4	2	,	,	PUNCT
fbem-14090	4	3	this	this	DET
fbem-14090	4	4	study	study	NOUN
fbem-14090	4	5	aims	aim	VERB
fbem-14090	4	6	to	to	PART
fbem-14090	4	7	explore	explore	VERB
fbem-14090	4	8	the	the	DET
fbem-14090	4	9	influencing	influence	VERB
fbem-14090	4	10	factors	factor	NOUN
fbem-14090	4	11	of	of	ADP
fbem-14090	4	12	financial	financial	ADJ
fbem-14090	4	13	risks	risk	NOUN
fbem-14090	4	14	in	in	ADP
fbem-14090	4	15	cross	cross	ADJ
fbem-14090	4	16	-	-	ADJ
fbem-14090	4	17	border	border	ADJ
fbem-14090	4	18	m&a	m&a	PROPN
fbem-14090	4	19	.	.	PUNCT
fbem-14090	5	1	the	the	DET
fbem-14090	5	2	research	research	NOUN
fbem-14090	5	3	selected	select	VERB
fbem-14090	5	4	67	67	NUM
fbem-14090	5	5	listed	list	VERB
fbem-14090	5	6	companies	company	NOUN
fbem-14090	5	7	that	that	PRON
fbem-14090	5	8	engaged	engage	VERB
fbem-14090	5	9	in	in	ADP
fbem-14090	5	10	cross	cross	ADJ
fbem-14090	5	11	-	-	ADJ
fbem-14090	5	12	border	border	ADJ
fbem-14090	5	13	m&a	m&a	PROPN
fbem-14090	5	14	transactions	transaction	NOUN
fbem-14090	5	15	from	from	ADP
fbem-14090	5	16	2018	2018	NUM
fbem-14090	5	17	to	to	ADP
fbem-14090	5	18	2021	2021	NUM
fbem-14090	5	19	as	as	ADP
fbem-14090	5	20	the	the	DET
fbem-14090	5	21	research	research	NOUN
fbem-14090	5	22	sample	sample	NOUN
fbem-14090	5	23	.	.	PUNCT
fbem-14090	6	1	the	the	DET
fbem-14090	6	2	z	z	NOUN
fbem-14090	6	3	-	-	PUNCT
fbem-14090	6	4	score	score	NOUN
fbem-14090	6	5	model	model	NOUN
fbem-14090	6	6	was	be	AUX
fbem-14090	6	7	utilized	utilize	VERB
fbem-14090	6	8	to	to	PART
fbem-14090	6	9	measure	measure	VERB
fbem-14090	6	10	financial	financial	ADJ
fbem-14090	6	11	risks	risk	NOUN
fbem-14090	6	12	,	,	PUNCT
fbem-14090	6	13	and	and	CCONJ
fbem-14090	6	14	a	a	DET
fbem-14090	6	15	financial	financial	ADJ
fbem-14090	6	16	risk	risk	NOUN
fbem-14090	6	17	influencing	influence	VERB
fbem-14090	6	18	factor	factor	NOUN
fbem-14090	6	19	index	index	NOUN
fbem-14090	6	20	system	system	NOUN
fbem-14090	6	21	was	be	AUX
fbem-14090	6	22	constructed	construct	VERB
fbem-14090	6	23	based	base	VERB
fbem-14090	6	24	on	on	ADP
fbem-14090	6	25	literature	literature	NOUN
fbem-14090	6	26	research	research	NOUN
fbem-14090	6	27	and	and	CCONJ
fbem-14090	6	28	factor	factor	NOUN
fbem-14090	6	29	analysis	analysis	NOUN
fbem-14090	6	30	to	to	PART
fbem-14090	6	31	assess	assess	VERB
fbem-14090	6	32	the	the	DET
fbem-14090	6	33	financial	financial	ADJ
fbem-14090	6	34	risk	risk	NOUN
fbem-14090	6	35	status	status	NOUN
fbem-14090	6	36	and	and	CCONJ
fbem-14090	6	37	influencing	influence	VERB
fbem-14090	6	38	factors	factor	NOUN
fbem-14090	6	39	before	before	ADP
fbem-14090	6	40	and	and	CCONJ
fbem-14090	6	41	after	after	ADP
fbem-14090	6	42	cross	cross	ADJ
fbem-14090	6	43	-	-	ADJ
fbem-14090	6	44	border	border	ADJ
fbem-14090	6	45	m&a	m&a	PROPN
fbem-14090	6	46	transactions	transaction	NOUN
fbem-14090	6	47	.	.	PUNCT
fbem-14090	7	1	the	the	DET
fbem-14090	7	2	findings	finding	NOUN
fbem-14090	7	3	of	of	ADP
fbem-14090	7	4	this	this	DET
fbem-14090	7	5	study	study	NOUN
fbem-14090	7	6	reveal	reveal	VERB
fbem-14090	7	7	that	that	SCONJ
fbem-14090	7	8	cross	cross	ADJ
fbem-14090	7	9	-	-	ADJ
fbem-14090	7	10	border	border	ADJ
fbem-14090	7	11	m&a	m&a	PROPN
fbem-14090	7	12	significantly	significantly	ADV
fbem-14090	7	13	increases	increase	VERB
fbem-14090	7	14	financial	financial	ADJ
fbem-14090	7	15	risks	risk	NOUN
fbem-14090	7	16	for	for	ADP
fbem-14090	7	17	enterprises	enterprise	NOUN
fbem-14090	7	18	,	,	PUNCT
fbem-14090	7	19	and	and	CCONJ
fbem-14090	7	20	the	the	DET
fbem-14090	7	21	payment	payment	NOUN
fbem-14090	7	22	and	and	CCONJ
fbem-14090	7	23	financing	financing	NOUN
fbem-14090	7	24	stages	stage	NOUN
fbem-14090	7	25	are	be	AUX
fbem-14090	7	26	key	key	ADJ
fbem-14090	7	27	factors	factor	NOUN
fbem-14090	7	28	influencing	influence	VERB
fbem-14090	7	29	the	the	DET
fbem-14090	7	30	financial	financial	ADJ
fbem-14090	7	31	risks	risk	NOUN
fbem-14090	7	32	of	of	ADP
fbem-14090	7	33	cross	cross	ADJ
fbem-14090	7	34	-	-	ADJ
fbem-14090	7	35	border	border	ADJ
fbem-14090	7	36	m&a	m&a	PROPN
fbem-14090	7	37	transactions	transaction	NOUN
fbem-14090	7	38	.	.	PUNCT
fbem-14090	8	1	keywords	keyword	NOUN
fbem-14090	8	2	:	:	PUNCT
fbem-14090	8	3	cross	cross	ADJ
fbem-14090	8	4	-	-	ADJ
fbem-14090	8	5	border	border	ADJ
fbem-14090	8	6	m&a	m&a	PROPN
fbem-14090	8	7	,	,	PUNCT
fbem-14090	8	8	financial	financial	ADJ
fbem-14090	8	9	risks	risk	NOUN
fbem-14090	8	10	,	,	PUNCT
fbem-14090	8	11	influencing	influence	VERB
fbem-14090	8	12	factors	factor	NOUN
fbem-14090	8	13	.	.	PUNCT
fbem-14090	9	1	1	1	X
fbem-14090	9	2	.	.	X
fbem-14090	9	3	introduction	introduction	NOUN
fbem-14090	9	4	under	under	ADP
fbem-14090	9	5	the	the	DET
fbem-14090	9	6	tide	tide	NOUN
fbem-14090	9	7	of	of	ADP
fbem-14090	9	8	globalization	globalization	NOUN
fbem-14090	9	9	,	,	PUNCT
fbem-14090	9	10	a	a	DET
fbem-14090	9	11	large	large	ADJ
fbem-14090	9	12	number	number	NOUN
fbem-14090	9	13	of	of	ADP
fbem-14090	9	14	crossborder	crossborder	NOUN
fbem-14090	9	15	merger	merger	NOUN
fbem-14090	9	16	and	and	CCONJ
fbem-14090	9	17	acquisition	acquisition	NOUN
fbem-14090	9	18	transactions	transaction	NOUN
fbem-14090	9	19	have	have	AUX
fbem-14090	9	20	taken	take	VERB
fbem-14090	9	21	place	place	NOUN
fbem-14090	9	22	among	among	ADP
fbem-14090	9	23	enterprises	enterprise	NOUN
fbem-14090	9	24	around	around	ADP
fbem-14090	9	25	the	the	DET
fbem-14090	9	26	world	world	NOUN
fbem-14090	9	27	.	.	PUNCT
fbem-14090	10	1	at	at	ADP
fbem-14090	10	2	the	the	DET
fbem-14090	10	3	same	same	ADJ
fbem-14090	10	4	time	time	NOUN
fbem-14090	10	5	,	,	PUNCT
fbem-14090	10	6	as	as	SCONJ
fbem-14090	10	7	china	china	PROPN
fbem-14090	10	8	's	's	PART
fbem-14090	10	9	opening	opening	NOUN
fbem-14090	10	10	up	up	ADP
fbem-14090	10	11	process	process	NOUN
fbem-14090	10	12	is	be	AUX
fbem-14090	10	13	getting	get	VERB
fbem-14090	10	14	deeper	deep	ADJ
fbem-14090	10	15	and	and	CCONJ
fbem-14090	10	16	deeper	deep	ADJ
fbem-14090	10	17	,	,	PUNCT
fbem-14090	10	18	and	and	CCONJ
fbem-14090	10	19	its	its	PRON
fbem-14090	10	20	economic	economic	ADJ
fbem-14090	10	21	ties	tie	NOUN
fbem-14090	10	22	with	with	ADP
fbem-14090	10	23	the	the	DET
fbem-14090	10	24	world	world	NOUN
fbem-14090	10	25	are	be	AUX
fbem-14090	10	26	getting	get	VERB
fbem-14090	10	27	closer	close	ADJ
fbem-14090	10	28	and	and	CCONJ
fbem-14090	10	29	tighter	tight	ADJ
fbem-14090	10	30	,	,	PUNCT
fbem-14090	10	31	many	many	ADJ
fbem-14090	10	32	chinese	chinese	ADJ
fbem-14090	10	33	enterprises	enterprise	NOUN
fbem-14090	10	34	have	have	AUX
fbem-14090	10	35	started	start	VERB
fbem-14090	10	36	seeking	seek	VERB
fbem-14090	10	37	cross	cross	ADJ
fbem-14090	10	38	-	-	ADJ
fbem-14090	10	39	border	border	ADJ
fbem-14090	10	40	m&a	m&a	PROPN
fbem-14090	10	41	opportunities	opportunity	NOUN
fbem-14090	10	42	to	to	PART
fbem-14090	10	43	explore	explore	VERB
fbem-14090	10	44	markets	market	NOUN
fbem-14090	10	45	and	and	CCONJ
fbem-14090	10	46	develop	develop	VERB
fbem-14090	10	47	businesses	business	NOUN
fbem-14090	10	48	.	.	PUNCT
fbem-14090	11	1	china	china	PROPN
fbem-14090	11	2	currently	currently	ADV
fbem-14090	11	3	has	have	VERB
fbem-14090	11	4	one	one	NUM
fbem-14090	11	5	of	of	ADP
fbem-14090	11	6	the	the	DET
fbem-14090	11	7	world	world	NOUN
fbem-14090	11	8	's	's	PART
fbem-14090	11	9	largest	large	ADJ
fbem-14090	11	10	sovereign	sovereign	ADJ
fbem-14090	11	11	wealth	wealth	NOUN
fbem-14090	11	12	funds	fund	NOUN
fbem-14090	11	13	china	china	PROPN
fbem-14090	11	14	investment	investment	PROPN
fbem-14090	11	15	corporation	corporation	NOUN
fbem-14090	11	16	,	,	PUNCT
fbem-14090	11	17	as	as	ADV
fbem-14090	11	18	well	well	ADV
fbem-14090	11	19	as	as	ADP
fbem-14090	11	20	the	the	DET
fbem-14090	11	21	world	world	NOUN
fbem-14090	11	22	's	's	PART
fbem-14090	11	23	four	four	NUM
fbem-14090	11	24	largest	large	ADJ
fbem-14090	11	25	banks	bank	NOUN
fbem-14090	11	26	,	,	PUNCT
fbem-14090	11	27	which	which	PRON
fbem-14090	11	28	gives	give	VERB
fbem-14090	11	29	chinese	chinese	ADJ
fbem-14090	11	30	enterprises	enterprise	NOUN
fbem-14090	11	31	strong	strong	ADJ
fbem-14090	11	32	confidence	confidence	NOUN
fbem-14090	11	33	in	in	ADP
fbem-14090	11	34	mega	mega	ADJ
fbem-14090	11	35	-	-	ADJ
fbem-14090	11	36	sized	sized	ADJ
fbem-14090	11	37	m&a	m&a	PROPN
fbem-14090	11	38	deals	deal	NOUN
fbem-14090	11	39	.	.	PUNCT
fbem-14090	12	1	meanwhile	meanwhile	ADV
fbem-14090	12	2	,	,	PUNCT
fbem-14090	12	3	the	the	DET
fbem-14090	12	4	scale	scale	NOUN
fbem-14090	12	5	of	of	ADP
fbem-14090	12	6	m&a	m&a	PROPN
fbem-14090	12	7	in	in	ADP
fbem-14090	12	8	china	china	PROPN
fbem-14090	12	9	is	be	AUX
fbem-14090	12	10	also	also	ADV
fbem-14090	12	11	expanding	expand	VERB
fbem-14090	12	12	rapidly	rapidly	ADV
fbem-14090	12	13	.	.	PUNCT
fbem-14090	13	1	from	from	ADP
fbem-14090	13	2	2010	2010	NUM
fbem-14090	13	3	to	to	ADP
fbem-14090	13	4	2022	2022	NUM
fbem-14090	13	5	,	,	PUNCT
fbem-14090	13	6	the	the	DET
fbem-14090	13	7	scale	scale	NOUN
fbem-14090	13	8	of	of	ADP
fbem-14090	13	9	m&a	m&a	PROPN
fbem-14090	13	10	in	in	ADP
fbem-14090	13	11	china	china	PROPN
fbem-14090	13	12	has	have	AUX
fbem-14090	13	13	increased	increase	VERB
fbem-14090	13	14	from	from	ADP
fbem-14090	13	15	$	$	SYM
fbem-14090	13	16	49	49	NUM
fbem-14090	13	17	billion	billion	NUM
fbem-14090	13	18	to	to	PART
fbem-14090	13	19	$	$	SYM
fbem-14090	13	20	349.4	349.4	NUM
fbem-14090	13	21	billion	billion	NUM
fbem-14090	13	22	,	,	PUNCT
fbem-14090	13	23	although	although	SCONJ
fbem-14090	13	24	the	the	DET
fbem-14090	13	25	number	number	NOUN
fbem-14090	13	26	of	of	ADP
fbem-14090	13	27	m&a	m&a	PROPN
fbem-14090	13	28	deals	deal	NOUN
fbem-14090	13	29	has	have	AUX
fbem-14090	13	30	stalled	stall	VERB
fbem-14090	13	31	to	to	ADP
fbem-14090	13	32	some	some	DET
fbem-14090	13	33	extent	extent	NOUN
fbem-14090	13	34	in	in	ADP
fbem-14090	13	35	recent	recent	ADJ
fbem-14090	13	36	years	year	NOUN
fbem-14090	13	37	due	due	ADP
fbem-14090	13	38	to	to	ADP
fbem-14090	13	39	political	political	ADJ
fbem-14090	13	40	instability	instability	NOUN
fbem-14090	13	41	and	and	CCONJ
fbem-14090	13	42	the	the	DET
fbem-14090	13	43	pandemic	pandemic	NOUN
fbem-14090	13	44	.	.	PUNCT
fbem-14090	14	1	but	but	CCONJ
fbem-14090	14	2	it	it	PRON
fbem-14090	14	3	can	can	AUX
fbem-14090	14	4	be	be	AUX
fbem-14090	14	5	seen	see	VERB
fbem-14090	14	6	that	that	SCONJ
fbem-14090	14	7	china	china	PROPN
fbem-14090	14	8	's	's	PART
fbem-14090	14	9	outward	outward	ADJ
fbem-14090	14	10	investment	investment	NOUN
fbem-14090	14	11	is	be	AUX
fbem-14090	14	12	showing	show	VERB
fbem-14090	14	13	a	a	DET
fbem-14090	14	14	positive	positive	ADJ
fbem-14090	14	15	trend	trend	NOUN
fbem-14090	14	16	.	.	PUNCT
fbem-14090	15	1	at	at	ADP
fbem-14090	15	2	the	the	DET
fbem-14090	15	3	same	same	ADJ
fbem-14090	15	4	time	time	NOUN
fbem-14090	15	5	,	,	PUNCT
fbem-14090	15	6	one	one	NUM
fbem-14090	15	7	of	of	ADP
fbem-14090	15	8	the	the	DET
fbem-14090	15	9	characteristics	characteristic	NOUN
fbem-14090	15	10	of	of	ADP
fbem-14090	15	11	cross	cross	ADJ
fbem-14090	15	12	-	-	ADJ
fbem-14090	15	13	border	border	ADJ
fbem-14090	15	14	m&a	m&a	NOUN
fbem-14090	15	15	deals	deal	NOUN
fbem-14090	15	16	is	be	AUX
fbem-14090	15	17	that	that	SCONJ
fbem-14090	15	18	they	they	PRON
fbem-14090	15	19	involve	involve	VERB
fbem-14090	15	20	large	large	ADJ
fbem-14090	15	21	amounts	amount	NOUN
fbem-14090	15	22	and	and	CCONJ
fbem-14090	15	23	there	there	PRON
fbem-14090	15	24	are	be	VERB
fbem-14090	15	25	many	many	ADJ
fbem-14090	15	26	information	information	NOUN
fbem-14090	15	27	asymmetry	asymmetry	NOUN
fbem-14090	15	28	problems	problem	NOUN
fbem-14090	15	29	.	.	PUNCT
fbem-14090	16	1	there	there	PRON
fbem-14090	16	2	are	be	VERB
fbem-14090	16	3	also	also	ADV
fbem-14090	16	4	significant	significant	ADJ
fbem-14090	16	5	differences	difference	NOUN
fbem-14090	16	6	in	in	ADP
fbem-14090	16	7	the	the	DET
fbem-14090	16	8	ways	way	NOUN
fbem-14090	16	9	enterprises	enterprise	NOUN
fbem-14090	16	10	operate	operate	VERB
fbem-14090	16	11	and	and	CCONJ
fbem-14090	16	12	their	their	PRON
fbem-14090	16	13	cultures	culture	NOUN
fbem-14090	16	14	between	between	ADP
fbem-14090	16	15	different	different	ADJ
fbem-14090	16	16	economic	economic	ADJ
fbem-14090	16	17	entities	entity	NOUN
fbem-14090	16	18	,	,	PUNCT
fbem-14090	16	19	all	all	PRON
fbem-14090	16	20	of	of	ADP
fbem-14090	16	21	these	these	DET
fbem-14090	16	22	risk	risk	NOUN
fbem-14090	16	23	factors	factor	NOUN
fbem-14090	16	24	will	will	AUX
fbem-14090	16	25	affect	affect	VERB
fbem-14090	16	26	the	the	DET
fbem-14090	16	27	efficiency	efficiency	NOUN
fbem-14090	16	28	and	and	CCONJ
fbem-14090	16	29	results	result	NOUN
fbem-14090	16	30	of	of	ADP
fbem-14090	16	31	crossborder	crossborder	NOUN
fbem-14090	16	32	m&as	m&as	NOUN
fbem-14090	16	33	,	,	PUNCT
fbem-14090	16	34	and	and	CCONJ
fbem-14090	16	35	most	most	ADV
fbem-14090	16	36	importantly	importantly	ADV
fbem-14090	16	37	the	the	DET
fbem-14090	16	38	post	post	ADJ
fbem-14090	16	39	-	-	ADJ
fbem-14090	16	40	m&a	m&a	ADJ
fbem-14090	16	41	operation	operation	NOUN
fbem-14090	16	42	of	of	ADP
fbem-14090	16	43	the	the	DET
fbem-14090	16	44	enterprises[1	enterprises[1	NOUN
fbem-14090	16	45	]	]	PUNCT
fbem-14090	16	46	.	.	PUNCT
fbem-14090	17	1	at	at	ADP
fbem-14090	17	2	the	the	DET
fbem-14090	17	3	same	same	ADJ
fbem-14090	17	4	time	time	NOUN
fbem-14090	17	5	,	,	PUNCT
fbem-14090	17	6	financial	financial	ADJ
fbem-14090	17	7	risks	risk	NOUN
fbem-14090	17	8	are	be	AUX
fbem-14090	17	9	the	the	DET
fbem-14090	17	10	major	major	ADJ
fbem-14090	17	11	concern	concern	NOUN
fbem-14090	17	12	of	of	ADP
fbem-14090	17	13	enterprises	enterprise	NOUN
fbem-14090	17	14	during	during	ADP
fbem-14090	17	15	m&as	m&as	PROPN
fbem-14090	17	16	,	,	PUNCT
fbem-14090	17	17	because	because	SCONJ
fbem-14090	17	18	financial	financial	ADJ
fbem-14090	17	19	risks	risk	NOUN
fbem-14090	17	20	often	often	ADV
fbem-14090	17	21	relate	relate	VERB
fbem-14090	17	22	to	to	ADP
fbem-14090	17	23	the	the	DET
fbem-14090	17	24	life	life	NOUN
fbem-14090	17	25	and	and	CCONJ
fbem-14090	17	26	death	death	NOUN
fbem-14090	17	27	of	of	ADP
fbem-14090	17	28	enterprises	enterprise	NOUN
fbem-14090	17	29	and	and	CCONJ
fbem-14090	17	30	are	be	AUX
fbem-14090	17	31	crucially	crucially	ADV
fbem-14090	17	32	important	important	ADJ
fbem-14090	17	33	to	to	ADP
fbem-14090	17	34	the	the	DET
fbem-14090	17	35	healthy	healthy	ADJ
fbem-14090	17	36	development	development	NOUN
fbem-14090	17	37	and	and	CCONJ
fbem-14090	17	38	stability	stability	NOUN
fbem-14090	17	39	of	of	ADP
fbem-14090	17	40	enterprises	enterprise	NOUN
fbem-14090	17	41	.	.	PUNCT
fbem-14090	18	1	therefore	therefore	ADV
fbem-14090	18	2	,	,	PUNCT
fbem-14090	18	3	it	it	PRON
fbem-14090	18	4	is	be	AUX
fbem-14090	18	5	necessary	necessary	ADJ
fbem-14090	18	6	to	to	PART
fbem-14090	18	7	study	study	VERB
fbem-14090	18	8	the	the	DET
fbem-14090	18	9	financial	financial	ADJ
fbem-14090	18	10	risk	risk	NOUN
fbem-14090	18	11	factors	factor	NOUN
fbem-14090	18	12	in	in	ADP
fbem-14090	18	13	m&as	m&as	NOUN
fbem-14090	18	14	in	in	ADP
fbem-14090	18	15	order	order	NOUN
fbem-14090	18	16	to	to	PART
fbem-14090	18	17	provide	provide	VERB
fbem-14090	18	18	reference	reference	NOUN
fbem-14090	18	19	for	for	ADP
fbem-14090	18	20	enterprises	enterprise	NOUN
fbem-14090	18	21	'	'	PART
fbem-14090	18	22	control	control	NOUN
fbem-14090	18	23	over	over	ADP
fbem-14090	18	24	financial	financial	ADJ
fbem-14090	18	25	risks	risk	NOUN
fbem-14090	18	26	during	during	ADP
fbem-14090	18	27	m&as	m&as	NOUN
fbem-14090	18	28	.	.	PUNCT
fbem-14090	19	1	2	2	X
fbem-14090	19	2	.	.	X
fbem-14090	19	3	literature	literature	NOUN
fbem-14090	19	4	review	review	NOUN
fbem-14090	19	5	scholars	scholar	NOUN
fbem-14090	19	6	have	have	AUX
fbem-14090	19	7	mainly	mainly	ADV
fbem-14090	19	8	carried	carry	VERB
fbem-14090	19	9	out	out	ADP
fbem-14090	19	10	research	research	NOUN
fbem-14090	19	11	on	on	ADP
fbem-14090	19	12	the	the	DET
fbem-14090	19	13	sources	source	NOUN
fbem-14090	19	14	of	of	ADP
fbem-14090	19	15	financial	financial	ADJ
fbem-14090	19	16	risks	risk	NOUN
fbem-14090	19	17	,	,	PUNCT
fbem-14090	19	18	risk	risk	NOUN
fbem-14090	19	19	assessment	assessment	NOUN
fbem-14090	19	20	methods	method	NOUN
fbem-14090	19	21	and	and	CCONJ
fbem-14090	19	22	financial	financial	ADJ
fbem-14090	19	23	risk	risk	NOUN
fbem-14090	19	24	control	control	NOUN
fbem-14090	19	25	in	in	ADP
fbem-14090	19	26	the	the	DET
fbem-14090	19	27	field	field	NOUN
fbem-14090	19	28	of	of	ADP
fbem-14090	19	29	m&a	m&a	PROPN
fbem-14090	19	30	.	.	PUNCT
fbem-14090	20	1	wei	wei	PROPN
fbem-14090	20	2	studied	study	VERB
fbem-14090	20	3	that	that	SCONJ
fbem-14090	20	4	the	the	DET
fbem-14090	20	5	financial	financial	ADJ
fbem-14090	20	6	risks	risk	NOUN
fbem-14090	20	7	in	in	ADP
fbem-14090	20	8	the	the	DET
fbem-14090	20	9	m&a	m&a	PROPN
fbem-14090	20	10	process	process	NOUN
fbem-14090	20	11	included	include	VERB
fbem-14090	20	12	decision	decision	NOUN
fbem-14090	20	13	-	-	PUNCT
fbem-14090	20	14	making	make	VERB
fbem-14090	20	15	risks	risk	NOUN
fbem-14090	20	16	,	,	PUNCT
fbem-14090	20	17	implementation	implementation	NOUN
fbem-14090	20	18	risks	risk	NOUN
fbem-14090	20	19	and	and	CCONJ
fbem-14090	20	20	integration	integration	NOUN
fbem-14090	20	21	risks[2	risks[2	PROPN
fbem-14090	20	22	]	]	PUNCT
fbem-14090	20	23	.	.	PUNCT
fbem-14090	21	1	mantecon	mantecon	PROPN
fbem-14090	21	2	studied	study	VERB
fbem-14090	21	3	the	the	DET
fbem-14090	21	4	uncertain	uncertain	ADJ
fbem-14090	21	5	factors	factor	NOUN
fbem-14090	21	6	of	of	ADP
fbem-14090	21	7	transnational	transnational	ADJ
fbem-14090	21	8	m&as	m&as	NOUN
fbem-14090	21	9	,	,	PUNCT
fbem-14090	21	10	and	and	CCONJ
fbem-14090	21	11	separately	separately	ADV
fbem-14090	21	12	analyzed	analyze	VERB
fbem-14090	21	13	the	the	DET
fbem-14090	21	14	potential	potential	ADJ
fbem-14090	21	15	operating	operating	NOUN
fbem-14090	21	16	mechanisms	mechanism	NOUN
fbem-14090	21	17	of	of	ADP
fbem-14090	21	18	contingent	contingent	ADJ
fbem-14090	21	19	payments	payment	NOUN
fbem-14090	21	20	,	,	PUNCT
fbem-14090	21	21	joint	joint	ADJ
fbem-14090	21	22	ventures	venture	NOUN
fbem-14090	21	23	and	and	CCONJ
fbem-14090	21	24	trust	trust	NOUN
fbem-14090	21	25	investments	investment	NOUN
fbem-14090	21	26	in	in	ADP
fbem-14090	21	27	reducing	reduce	VERB
fbem-14090	21	28	uncertainties	uncertainty	NOUN
fbem-14090	21	29	in	in	ADP
fbem-14090	21	30	transnational	transnational	ADJ
fbem-14090	21	31	m&as[3	m&as[3	PROPN
fbem-14090	21	32	]	]	PUNCT
fbem-14090	21	33	.	.	PUNCT
fbem-14090	22	1	lulian	lulian	PROPN
fbem-14090	22	2	and	and	CCONJ
fbem-14090	22	3	liviu	liviu	PROPN
fbem-14090	22	4	assessed	assess	VERB
fbem-14090	22	5	the	the	DET
fbem-14090	22	6	cultural	cultural	ADJ
fbem-14090	22	7	factors	factor	NOUN
fbem-14090	22	8	that	that	PRON
fbem-14090	22	9	need	need	VERB
fbem-14090	22	10	special	special	ADJ
fbem-14090	22	11	attention	attention	NOUN
fbem-14090	22	12	in	in	ADP
fbem-14090	22	13	m&as	m&as	NOUN
fbem-14090	22	14	,	,	PUNCT
fbem-14090	22	15	emphasizing	emphasize	VERB
fbem-14090	22	16	that	that	SCONJ
fbem-14090	22	17	significant	significant	ADJ
fbem-14090	22	18	cultural	cultural	ADJ
fbem-14090	22	19	differences	difference	NOUN
fbem-14090	22	20	between	between	ADP
fbem-14090	22	21	companies	company	NOUN
fbem-14090	22	22	can	can	AUX
fbem-14090	22	23	lead	lead	VERB
fbem-14090	22	24	to	to	ADP
fbem-14090	22	25	financial	financial	ADJ
fbem-14090	22	26	risks[4	risks[4	NOUN
fbem-14090	22	27	]	]	X
fbem-14090	22	28	.	.	PUNCT
fbem-14090	23	1	joshi	joshi	PROPN
fbem-14090	23	2	used	use	VERB
fbem-14090	23	3	altman	altman	PROPN
fbem-14090	23	4	's	's	PART
fbem-14090	23	5	z	z	PROPN
fbem-14090	23	6	-	-	PUNCT
fbem-14090	23	7	score	score	NOUN
fbem-14090	23	8	model	model	NOUN
fbem-14090	23	9	and	and	CCONJ
fbem-14090	23	10	multiple	multiple	ADJ
fbem-14090	23	11	regression	regression	NOUN
fbem-14090	23	12	to	to	PART
fbem-14090	23	13	analyze	analyze	VERB
fbem-14090	23	14	the	the	DET
fbem-14090	23	15	financial	financial	ADJ
fbem-14090	23	16	performance	performance	NOUN
fbem-14090	23	17	of	of	ADP
fbem-14090	23	18	selected	select	VERB
fbem-14090	23	19	public	public	ADJ
fbem-14090	23	20	sector	sector	NOUN
fbem-14090	23	21	banks	bank	NOUN
fbem-14090	23	22	in	in	ADP
fbem-14090	23	23	india[5	india[5	NUM
fbem-14090	23	24	]	]	PUNCT
fbem-14090	23	25	.	.	PUNCT
fbem-14090	24	1	koi	koi	PROPN
fbem-14090	24	2	-	-	PROPN
fbem-14090	24	3	akrofi	akrofi	ADV
fbem-14090	24	4	found	find	VERB
fbem-14090	24	5	that	that	SCONJ
fbem-14090	24	6	enterprise	enterprise	NOUN
fbem-14090	24	7	financial	financial	ADJ
fbem-14090	24	8	integration	integration	NOUN
fbem-14090	24	9	plays	play	VERB
fbem-14090	24	10	a	a	DET
fbem-14090	24	11	decisive	decisive	ADJ
fbem-14090	24	12	role	role	NOUN
fbem-14090	24	13	in	in	ADP
fbem-14090	24	14	m&a	m&a	PROPN
fbem-14090	24	15	results	result	NOUN
fbem-14090	24	16	,	,	PUNCT
fbem-14090	24	17	and	and	CCONJ
fbem-14090	24	18	factors	factor	NOUN
fbem-14090	24	19	such	such	ADJ
fbem-14090	24	20	as	as	ADP
fbem-14090	24	21	political	political	ADJ
fbem-14090	24	22	,	,	PUNCT
fbem-14090	24	23	policy	policy	NOUN
fbem-14090	24	24	and	and	CCONJ
fbem-14090	24	25	cultural	cultural	ADJ
fbem-14090	24	26	differences	difference	NOUN
fbem-14090	24	27	will	will	AUX
fbem-14090	24	28	affect	affect	VERB
fbem-14090	24	29	the	the	DET
fbem-14090	24	30	effectiveness	effectiveness	NOUN
fbem-14090	24	31	of	of	ADP
fbem-14090	24	32	communication	communication	NOUN
fbem-14090	24	33	between	between	ADP
fbem-14090	24	34	the	the	DET
fbem-14090	24	35	acquirers	acquirer	NOUN
fbem-14090	24	36	during	during	ADP
fbem-14090	24	37	the	the	DET
fbem-14090	24	38	m&a	m&a	PROPN
fbem-14090	24	39	integration	integration	NOUN
fbem-14090	24	40	stage	stage	NOUN
fbem-14090	24	41	.	.	PUNCT
fbem-14090	25	1	currently	currently	ADV
fbem-14090	25	2	,	,	PUNCT
fbem-14090	25	3	research	research	NOUN
fbem-14090	25	4	on	on	ADP
fbem-14090	25	5	transnational	transnational	ADJ
fbem-14090	25	6	m&as	m&as	NOUN
fbem-14090	25	7	in	in	ADP
fbem-14090	25	8	academia	academia	NOUN
fbem-14090	25	9	still	still	ADV
fbem-14090	25	10	focuses	focus	VERB
fbem-14090	25	11	mainly	mainly	ADV
fbem-14090	25	12	on	on	ADP
fbem-14090	25	13	drawing	draw	VERB
fbem-14090	25	14	conclusions	conclusion	NOUN
fbem-14090	25	15	through	through	ADP
fbem-14090	25	16	case	case	NOUN
fbem-14090	25	17	studies	study	NOUN
fbem-14090	25	18	,	,	PUNCT
fbem-14090	25	19	but	but	CCONJ
fbem-14090	25	20	due	due	ADP
fbem-14090	25	21	to	to	ADP
fbem-14090	25	22	large	large	ADJ
fbem-14090	25	23	differences	difference	NOUN
fbem-14090	25	24	in	in	ADP
fbem-14090	25	25	individual	individual	ADJ
fbem-14090	25	26	m&a	m&a	PROPN
fbem-14090	25	27	cases	case	NOUN
fbem-14090	25	28	,	,	PUNCT
fbem-14090	25	29	most	most	ADJ
fbem-14090	25	30	research	research	NOUN
fbem-14090	25	31	results	result	NOUN
fbem-14090	25	32	are	be	AUX
fbem-14090	25	33	not	not	PART
fbem-14090	25	34	applicable	applicable	ADJ
fbem-14090	25	35	to	to	ADP
fbem-14090	25	36	overall	overall	ADJ
fbem-14090	25	37	m&a	m&a	PROPN
fbem-14090	25	38	risk	risk	NOUN
fbem-14090	25	39	control	control	NOUN
fbem-14090	25	40	,	,	PUNCT
fbem-14090	25	41	and	and	CCONJ
fbem-14090	25	42	more	more	ADJ
fbem-14090	25	43	samples	sample	NOUN
fbem-14090	25	44	are	be	AUX
fbem-14090	25	45	needed	need	VERB
fbem-14090	25	46	to	to	PART
fbem-14090	25	47	provide	provide	VERB
fbem-14090	25	48	support[6	support[6	NOUN
fbem-14090	25	49	]	]	PUNCT
fbem-14090	25	50	.	.	PUNCT
fbem-14090	26	1	3	3	X
fbem-14090	26	2	.	.	X
fbem-14090	26	3	method	method	PROPN
fbem-14090	26	4	3.1	3.1	NUM
fbem-14090	26	5	.	.	PUNCT
fbem-14090	26	6	sample	sample	NOUN
fbem-14090	26	7	selection	selection	NOUN
fbem-14090	26	8	and	and	CCONJ
fbem-14090	26	9	data	datum	NOUN
fbem-14090	26	10	sources	source	NOUN
fbem-14090	26	11	this	this	DET
fbem-14090	26	12	paper	paper	NOUN
fbem-14090	26	13	selects	select	NOUN
fbem-14090	26	14	65	65	NUM
fbem-14090	26	15	m&a	m&a	PROPN
fbem-14090	26	16	deals	deal	NOUN
fbem-14090	26	17	conducted	conduct	VERB
fbem-14090	26	18	by	by	ADP
fbem-14090	26	19	63	63	NUM
fbem-14090	26	20	chinese	chinese	ADJ
fbem-14090	26	21	listed	list	VERB
fbem-14090	26	22	companies	company	NOUN
fbem-14090	26	23	between	between	ADP
fbem-14090	26	24	2018	2018	NUM
fbem-14090	26	25	and	and	CCONJ
fbem-14090	26	26	2021	2021	NUM
fbem-14090	26	27	as	as	ADP
fbem-14090	26	28	the	the	DET
fbem-14090	26	29	research	research	NOUN
fbem-14090	26	30	sample	sample	NOUN
fbem-14090	26	31	.	.	PUNCT
fbem-14090	27	1	the	the	DET
fbem-14090	27	2	screening	screening	NOUN
fbem-14090	27	3	criteria	criterion	NOUN
fbem-14090	27	4	are	be	AUX
fbem-14090	27	5	as	as	SCONJ
fbem-14090	27	6	follows	follow	VERB
fbem-14090	27	7	:	:	PUNCT
fbem-14090	27	8	exclude	exclude	VERB
fbem-14090	27	9	samples	sample	NOUN
fbem-14090	27	10	where	where	SCONJ
fbem-14090	27	11	the	the	DET
fbem-14090	27	12	acquirer	acquirer	NOUN
fbem-14090	27	13	is	be	AUX
fbem-14090	27	14	not	not	PART
fbem-14090	27	15	an	an	DET
fbem-14090	27	16	a	a	DET
fbem-14090	27	17	-	-	PUNCT
fbem-14090	27	18	share	share	NOUN
fbem-14090	27	19	listed	list	VERB
fbem-14090	27	20	company	company	NOUN
fbem-14090	27	21	in	in	ADP
fbem-14090	27	22	china	china	PROPN
fbem-14090	27	23	.	.	PUNCT
fbem-14090	28	1	exclude	exclude	VERB
fbem-14090	28	2	samples	sample	NOUN
fbem-14090	28	3	without	without	ADP
fbem-14090	28	4	disclosed	disclose	VERB
fbem-14090	28	5	cross	cross	ADJ
fbem-14090	28	6	-	-	ADJ
fbem-14090	28	7	border	border	ADJ
fbem-14090	28	8	transaction	transaction	NOUN
fbem-14090	28	9	amounts	amount	NOUN
fbem-14090	28	10	.	.	PUNCT
fbem-14090	29	1	exclude	exclude	VERB
fbem-14090	29	2	samples	sample	NOUN
fbem-14090	29	3	of	of	ADP
fbem-14090	29	4	companies	company	NOUN
fbem-14090	29	5	that	that	PRON
fbem-14090	29	6	have	have	AUX
fbem-14090	29	7	just	just	ADV
fbem-14090	29	8	gone	go	VERB
fbem-14090	29	9	public	public	ADJ
fbem-14090	29	10	and	and	CCONJ
fbem-14090	29	11	have	have	VERB
fbem-14090	29	12	incomplete	incomplete	ADJ
fbem-14090	29	13	financial	financial	ADJ
fbem-14090	29	14	disclosure	disclosure	NOUN
fbem-14090	29	15	data	datum	NOUN
fbem-14090	29	16	.	.	PUNCT
fbem-14090	30	1	the	the	DET
fbem-14090	30	2	sample	sample	NOUN
fbem-14090	30	3	enterprises	enterprise	NOUN
fbem-14090	30	4	did	do	AUX
fbem-14090	30	5	not	not	PART
fbem-14090	30	6	face	face	VERB
fbem-14090	30	7	risks	risk	NOUN
fbem-14090	30	8	of	of	ADP
fbem-14090	30	9	operational	operational	ADJ
fbem-14090	30	10	bankruptcy	bankruptcy	NOUN
fbem-14090	30	11	before	before	ADP
fbem-14090	30	12	conducting	conduct	VERB
fbem-14090	30	13	cross	cross	ADJ
fbem-14090	30	14	-	-	ADJ
fbem-14090	30	15	border	border	ADJ
fbem-14090	30	16	m&as	m&as	NOUN
fbem-14090	30	17	.	.	PUNCT
fbem-14090	31	1	183	183	NUM
fbem-14090	31	2	finally	finally	ADV
fbem-14090	31	3	,	,	PUNCT
fbem-14090	31	4	63	63	NUM
fbem-14090	31	5	chinese	chinese	ADJ
fbem-14090	31	6	listed	list	VERB
fbem-14090	31	7	companies	company	NOUN
fbem-14090	31	8	and	and	CCONJ
fbem-14090	31	9	their	their	PRON
fbem-14090	31	10	65	65	NUM
fbem-14090	31	11	m&a	m&a	PROPN
fbem-14090	31	12	deals	deal	NOUN
fbem-14090	31	13	are	be	AUX
fbem-14090	31	14	screened	screen	VERB
fbem-14090	31	15	.	.	PUNCT
fbem-14090	32	1	the	the	DET
fbem-14090	32	2	event	event	NOUN
fbem-14090	32	3	window	window	NOUN
fbem-14090	32	4	is	be	AUX
fbem-14090	32	5	set	set	VERB
fbem-14090	32	6	as	as	ADP
fbem-14090	32	7	[	[	NOUN
fbem-14090	32	8	-1	-1	X
fbem-14090	32	9	,	,	PUNCT
fbem-14090	32	10	+2	+2	PROPN
fbem-14090	32	11	]	]	PUNCT
fbem-14090	32	12	.	.	PUNCT
fbem-14090	33	1	t	t	PROPN
fbem-14090	33	2	represents	represent	VERB
fbem-14090	33	3	the	the	DET
fbem-14090	33	4	m&a	m&a	PROPN
fbem-14090	33	5	year	year	NOUN
fbem-14090	33	6	,	,	PUNCT
fbem-14090	33	7	and	and	CCONJ
fbem-14090	33	8	the	the	DET
fbem-14090	33	9	financial	financial	ADJ
fbem-14090	33	10	conditions	condition	NOUN
fbem-14090	33	11	of	of	ADP
fbem-14090	33	12	t-1	t-1	PROPN
fbem-14090	33	13	,	,	PUNCT
fbem-14090	33	14	t	t	PROPN
fbem-14090	33	15	,	,	PUNCT
fbem-14090	33	16	t+1	t+1	PROPN
fbem-14090	33	17	,	,	PUNCT
fbem-14090	33	18	t+2	t+2	NUM
fbem-14090	33	19	are	be	AUX
fbem-14090	33	20	analyzed	analyze	VERB
fbem-14090	33	21	and	and	CCONJ
fbem-14090	33	22	compared	compare	VERB
fbem-14090	33	23	.	.	PUNCT
fbem-14090	34	1	3.2	3.2	NUM
fbem-14090	34	2	.	.	PUNCT
fbem-14090	35	1	dependent	dependent	ADJ
fbem-14090	35	2	variable	variable	ADJ
fbem-14090	35	3	3.2.1	3.2.1	NUM
fbem-14090	35	4	.	.	PUNCT
fbem-14090	36	1	z	z	X
fbem-14090	36	2	-	-	PUNCT
fbem-14090	36	3	score	score	VERB
fbem-14090	36	4	the	the	DET
fbem-14090	36	5	z	z	NOUN
fbem-14090	36	6	-	-	PUNCT
fbem-14090	36	7	score	score	NOUN
fbem-14090	36	8	model	model	NOUN
fbem-14090	36	9	was	be	AUX
fbem-14090	36	10	first	first	ADV
fbem-14090	36	11	proposed	propose	VERB
fbem-14090	36	12	by	by	ADP
fbem-14090	36	13	altman	altman	PROPN
fbem-14090	36	14	and	and	CCONJ
fbem-14090	36	15	is	be	AUX
fbem-14090	36	16	commonly	commonly	ADV
fbem-14090	36	17	used	use	VERB
fbem-14090	36	18	to	to	PART
fbem-14090	36	19	evaluate	evaluate	VERB
fbem-14090	36	20	a	a	DET
fbem-14090	36	21	company	company	NOUN
fbem-14090	36	22	's	's	PART
fbem-14090	36	23	financial	financial	ADJ
fbem-14090	36	24	condition	condition	NOUN
fbem-14090	36	25	and	and	CCONJ
fbem-14090	36	26	predict	predict	VERB
fbem-14090	36	27	financial	financial	ADJ
fbem-14090	36	28	distress	distress	NOUN
fbem-14090	36	29	.	.	PUNCT
fbem-14090	37	1	the	the	DET
fbem-14090	37	2	z	z	NOUN
fbem-14090	37	3	-	-	PUNCT
fbem-14090	37	4	score	score	NOUN
fbem-14090	37	5	model	model	NOUN
fbem-14090	37	6	calculates	calculate	VERB
fbem-14090	37	7	an	an	DET
fbem-14090	37	8	overall	overall	ADJ
fbem-14090	37	9	risk	risk	NOUN
fbem-14090	37	10	score	score	NOUN
fbem-14090	37	11	for	for	ADP
fbem-14090	37	12	the	the	DET
fbem-14090	37	13	company	company	NOUN
fbem-14090	37	14	by	by	ADP
fbem-14090	37	15	assigning	assign	VERB
fbem-14090	37	16	different	different	ADJ
fbem-14090	37	17	weightings	weighting	NOUN
fbem-14090	37	18	to	to	ADP
fbem-14090	37	19	various	various	ADJ
fbem-14090	37	20	financial	financial	ADJ
fbem-14090	37	21	ratios	ratio	NOUN
fbem-14090	37	22	.	.	PUNCT
fbem-14090	38	1	the	the	DET
fbem-14090	38	2	calculated	calculated	ADJ
fbem-14090	38	3	z	z	NOUN
fbem-14090	38	4	-	-	PUNCT
fbem-14090	38	5	score	score	NOUN
fbem-14090	38	6	is	be	AUX
fbem-14090	38	7	negatively	negatively	ADV
fbem-14090	38	8	correlated	correlate	VERB
fbem-14090	38	9	with	with	ADP
fbem-14090	38	10	the	the	DET
fbem-14090	38	11	financial	financial	ADJ
fbem-14090	38	12	risks	risk	NOUN
fbem-14090	38	13	facing	face	VERB
fbem-14090	38	14	the	the	DET
fbem-14090	38	15	enterprise	enterprise	NOUN
fbem-14090	38	16	,	,	PUNCT
fbem-14090	38	17	meaning	mean	VERB
fbem-14090	38	18	the	the	DET
fbem-14090	38	19	smaller	small	ADJ
fbem-14090	38	20	the	the	DET
fbem-14090	38	21	z	z	NOUN
fbem-14090	38	22	-	-	PUNCT
fbem-14090	38	23	score	score	NOUN
fbem-14090	38	24	,	,	PUNCT
fbem-14090	38	25	the	the	PRON
fbem-14090	38	26	greater	great	ADJ
fbem-14090	38	27	the	the	DET
fbem-14090	38	28	financial	financial	ADJ
fbem-14090	38	29	risks	risk	NOUN
fbem-14090	38	30	,	,	PUNCT
fbem-14090	38	31	and	and	CCONJ
fbem-14090	38	32	the	the	PRON
fbem-14090	38	33	larger	large	ADJ
fbem-14090	38	34	the	the	DET
fbem-14090	38	35	zscore	zscore	NOUN
fbem-14090	38	36	,	,	PUNCT
fbem-14090	38	37	the	the	PRON
fbem-14090	38	38	better	well	ADJ
fbem-14090	38	39	the	the	DET
fbem-14090	38	40	company	company	NOUN
fbem-14090	38	41	's	's	PART
fbem-14090	38	42	financial	financial	ADJ
fbem-14090	38	43	situation	situation	NOUN
fbem-14090	38	44	.	.	PUNCT
fbem-14090	39	1	the	the	DET
fbem-14090	39	2	specific	specific	ADJ
fbem-14090	39	3	formula	formula	NOUN
fbem-14090	39	4	for	for	ADP
fbem-14090	39	5	calculating	calculate	VERB
fbem-14090	39	6	the	the	DET
fbem-14090	39	7	revised	revised	ADJ
fbem-14090	39	8	z	z	NOUN
fbem-14090	39	9	-	-	PUNCT
fbem-14090	39	10	score	score	NOUN
fbem-14090	39	11	is	be	AUX
fbem-14090	39	12	:	:	PUNCT
fbem-14090	39	13	z=0.717x1	z=0.717x1	ADV
fbem-14090	39	14	+	+	NOUN
fbem-14090	39	15	0.847x2	0.847x2	ADJ
fbem-14090	39	16	+	+	ADJ
fbem-14090	39	17	3.107x3	3.107x3	NUM
fbem-14090	39	18	+	+	NOUN
fbem-14090	39	19	0.420x4	0.420x4	NOUN
fbem-14090	39	20	+	+	NOUN
fbem-14090	39	21	0.998x5	0.998x5	NUM
fbem-14090	39	22	(	(	PUNCT
fbem-14090	39	23	1	1	NUM
fbem-14090	39	24	)	)	PUNCT
fbem-14090	39	25	where	where	SCONJ
fbem-14090	39	26	x1=	x1=	PROPN
fbem-14090	39	27	working	work	VERB
fbem-14090	39	28	capital	capital	NOUN
fbem-14090	39	29	/	/	SYM
fbem-14090	39	30	total	total	ADJ
fbem-14090	39	31	assets	asset	NOUN
fbem-14090	39	32	,	,	PUNCT
fbem-14090	39	33	reflecting	reflect	VERB
fbem-14090	39	34	the	the	DET
fbem-14090	39	35	liquidity	liquidity	NOUN
fbem-14090	39	36	and	and	CCONJ
fbem-14090	39	37	scale	scale	NOUN
fbem-14090	39	38	of	of	ADP
fbem-14090	39	39	assets	asset	NOUN
fbem-14090	39	40	;	;	PUNCT
fbem-14090	39	41	x2=	x2=	PROPN
fbem-14090	39	42	retained	retain	VERB
fbem-14090	39	43	earnings	earning	NOUN
fbem-14090	39	44	/	/	SYM
fbem-14090	39	45	total	total	ADJ
fbem-14090	39	46	assets	asset	NOUN
fbem-14090	39	47	,	,	PUNCT
fbem-14090	39	48	reflecting	reflect	VERB
fbem-14090	39	49	the	the	DET
fbem-14090	39	50	accumulation	accumulation	NOUN
fbem-14090	39	51	of	of	ADP
fbem-14090	39	52	profitability	profitability	NOUN
fbem-14090	39	53	;	;	PUNCT
fbem-14090	39	54	x3=	x3=	X
fbem-14090	39	55	earnings	earning	NOUN
fbem-14090	39	56	before	before	ADP
fbem-14090	39	57	interest	interest	NOUN
fbem-14090	39	58	and	and	CCONJ
fbem-14090	39	59	taxes	taxis	NOUN
fbem-14090	39	60	/	/	SYM
fbem-14090	39	61	total	total	ADJ
fbem-14090	39	62	assets	asset	NOUN
fbem-14090	39	63	,	,	PUNCT
fbem-14090	39	64	reflecting	reflect	VERB
fbem-14090	39	65	the	the	DET
fbem-14090	39	66	level	level	NOUN
fbem-14090	39	67	of	of	ADP
fbem-14090	39	68	asset	asset	NOUN
fbem-14090	39	69	utilization	utilization	NOUN
fbem-14090	39	70	;	;	PUNCT
fbem-14090	39	71	x4=	x4=	NOUN
fbem-14090	39	72	the	the	DET
fbem-14090	39	73	total	total	ADJ
fbem-14090	39	74	market	market	NOUN
fbem-14090	39	75	value	value	NOUN
fbem-14090	39	76	of	of	ADP
fbem-14090	39	77	shareholders	shareholder	NOUN
fbem-14090	39	78	'	'	PART
fbem-14090	39	79	equity	equity	NOUN
fbem-14090	39	80	/	/	SYM
fbem-14090	39	81	total	total	NOUN
fbem-14090	39	82	liabilities	liability	NOUN
fbem-14090	39	83	,	,	PUNCT
fbem-14090	39	84	measuring	measure	VERB
fbem-14090	39	85	the	the	DET
fbem-14090	39	86	stability	stability	NOUN
fbem-14090	39	87	of	of	ADP
fbem-14090	39	88	the	the	DET
fbem-14090	39	89	financial	financial	ADJ
fbem-14090	39	90	structure	structure	NOUN
fbem-14090	39	91	;	;	PUNCT
fbem-14090	39	92	x5	x5	NOUN
fbem-14090	39	93	=	=	NOUN
fbem-14090	39	94	sales	sale	NOUN
fbem-14090	39	95	/	/	SYM
fbem-14090	39	96	total	total	ADJ
fbem-14090	39	97	assets	asset	NOUN
fbem-14090	39	98	,	,	PUNCT
fbem-14090	39	99	reflecting	reflect	VERB
fbem-14090	39	100	the	the	DET
fbem-14090	39	101	efficiency	efficiency	NOUN
fbem-14090	39	102	and	and	CCONJ
fbem-14090	39	103	profitability	profitability	NOUN
fbem-14090	39	104	of	of	ADP
fbem-14090	39	105	asset	asset	NOUN
fbem-14090	39	106	utilization	utilization	NOUN
fbem-14090	39	107	.	.	PUNCT
fbem-14090	40	1	according	accord	VERB
fbem-14090	40	2	to	to	ADP
fbem-14090	40	3	the	the	DET
fbem-14090	40	4	z	z	NOUN
fbem-14090	40	5	-	-	PUNCT
fbem-14090	40	6	score	score	NOUN
fbem-14090	40	7	calculation	calculation	NOUN
fbem-14090	40	8	formula	formula	NOUN
fbem-14090	40	9	,	,	PUNCT
fbem-14090	40	10	x1	x1	PROPN
fbem-14090	40	11	can	can	AUX
fbem-14090	40	12	reflect	reflect	VERB
fbem-14090	40	13	the	the	DET
fbem-14090	40	14	scale	scale	NOUN
fbem-14090	40	15	of	of	ADP
fbem-14090	40	16	assets	asset	NOUN
fbem-14090	40	17	and	and	CCONJ
fbem-14090	40	18	short	short	ADJ
fbem-14090	40	19	-	-	PUNCT
fbem-14090	40	20	term	term	NOUN
fbem-14090	40	21	solvency	solvency	NOUN
fbem-14090	40	22	of	of	ADP
fbem-14090	40	23	the	the	DET
fbem-14090	40	24	enterprise	enterprise	NOUN
fbem-14090	40	25	;	;	PUNCT
fbem-14090	40	26	x3	x3	ADJ
fbem-14090	40	27	and	and	CCONJ
fbem-14090	40	28	x5	x5	PROPN
fbem-14090	40	29	can	can	AUX
fbem-14090	40	30	measure	measure	VERB
fbem-14090	40	31	the	the	DET
fbem-14090	40	32	utilization	utilization	NOUN
fbem-14090	40	33	efficiency	efficiency	NOUN
fbem-14090	40	34	and	and	CCONJ
fbem-14090	40	35	level	level	NOUN
fbem-14090	40	36	of	of	ADP
fbem-14090	40	37	corporate	corporate	ADJ
fbem-14090	40	38	assets	asset	NOUN
fbem-14090	40	39	;	;	PUNCT
fbem-14090	40	40	x2	x2	NOUN
fbem-14090	40	41	and	and	CCONJ
fbem-14090	40	42	x5	x5	PROPN
fbem-14090	40	43	reflect	reflect	VERB
fbem-14090	40	44	the	the	DET
fbem-14090	40	45	profitability	profitability	NOUN
fbem-14090	40	46	of	of	ADP
fbem-14090	40	47	the	the	DET
fbem-14090	40	48	enterprise	enterprise	NOUN
fbem-14090	40	49	;	;	PUNCT
fbem-14090	40	50	x4	x4	PROPN
fbem-14090	40	51	reflects	reflect	VERB
fbem-14090	40	52	the	the	DET
fbem-14090	40	53	stability	stability	NOUN
fbem-14090	40	54	of	of	ADP
fbem-14090	40	55	the	the	DET
fbem-14090	40	56	enterprise	enterprise	NOUN
fbem-14090	40	57	's	's	PART
fbem-14090	40	58	financial	financial	ADJ
fbem-14090	40	59	structure	structure	NOUN
fbem-14090	40	60	.	.	PUNCT
fbem-14090	41	1	the	the	DET
fbem-14090	41	2	above	above	ADJ
fbem-14090	41	3	5	5	NUM
fbem-14090	41	4	financial	financial	ADJ
fbem-14090	41	5	ratios	ratio	NOUN
fbem-14090	41	6	comprehensively	comprehensively	ADV
fbem-14090	41	7	reflect	reflect	VERB
fbem-14090	41	8	the	the	DET
fbem-14090	41	9	financial	financial	ADJ
fbem-14090	41	10	position	position	NOUN
fbem-14090	41	11	of	of	ADP
fbem-14090	41	12	the	the	DET
fbem-14090	41	13	enterprise	enterprise	NOUN
fbem-14090	41	14	.	.	PUNCT
fbem-14090	42	1	the	the	DET
fbem-14090	42	2	z	z	NOUN
fbem-14090	42	3	-	-	PUNCT
fbem-14090	42	4	score	score	NOUN
fbem-14090	42	5	model	model	NOUN
fbem-14090	42	6	can	can	AUX
fbem-14090	42	7	well	well	ADV
fbem-14090	42	8	quantify	quantify	VERB
fbem-14090	42	9	the	the	DET
fbem-14090	42	10	financial	financial	ADJ
fbem-14090	42	11	risks	risk	NOUN
fbem-14090	42	12	faced	face	VERB
fbem-14090	42	13	by	by	ADP
fbem-14090	42	14	the	the	DET
fbem-14090	42	15	enterprise	enterprise	NOUN
fbem-14090	42	16	.	.	PUNCT
fbem-14090	43	1	table	table	NOUN
fbem-14090	43	2	1	1	NUM
fbem-14090	43	3	.	.	PUNCT
fbem-14090	43	4	descriptive	descriptive	ADJ
fbem-14090	43	5	statistics	statistic	NOUN
fbem-14090	43	6	of	of	ADP
fbem-14090	43	7	z	z	NOUN
fbem-14090	43	8	-	-	PUNCT
fbem-14090	43	9	values	value	NOUN
fbem-14090	43	10	for	for	ADP
fbem-14090	43	11	each	each	DET
fbem-14090	43	12	year	year	NOUN
fbem-14090	43	13	z	z	NOUN
fbem-14090	43	14	mean	mean	NOUN
fbem-14090	43	15	variance	variance	NOUN
fbem-14090	44	1	max	max	PROPN
fbem-14090	44	2	min	min	PROPN
fbem-14090	44	3	t-1	t-1	PROPN
fbem-14090	44	4	2.50620	2.50620	NUM
fbem-14090	44	5	13.9085	13.9085	NUM
fbem-14090	44	6	20.0626	20.0626	NUM
fbem-14090	44	7	-0.79944	-0.79944	NOUN
fbem-14090	44	8	t	t	PROPN
fbem-14090	44	9	2.59637	2.59637	NUM
fbem-14090	44	10	3.07001	3.07001	NUM
fbem-14090	44	11	29.5897	29.5897	NUM
fbem-14090	44	12	0.214645	0.214645	NUM
fbem-14090	45	1	t+1	t+1	NUM
fbem-14090	45	2	2.27729	2.27729	NUM
fbem-14090	45	3	2.75471	2.75471	NUM
fbem-14090	45	4	9.75759	9.75759	NUM
fbem-14090	45	5	-0.28983	-0.28983	NOUN
fbem-14090	45	6	t+2	t+2	NUM
fbem-14090	45	7	2.10821	2.10821	NUM
fbem-14090	45	8	8.56485	8.56485	NUM
fbem-14090	45	9	9.94015	9.94015	NUM
fbem-14090	45	10	0.425429	0.425429	NUM
fbem-14090	45	11	the	the	DET
fbem-14090	45	12	calculation	calculation	NOUN
fbem-14090	45	13	results	result	NOUN
fbem-14090	45	14	show	show	VERB
fbem-14090	45	15	that	that	SCONJ
fbem-14090	45	16	the	the	DET
fbem-14090	45	17	average	average	ADJ
fbem-14090	45	18	z	z	NOUN
fbem-14090	45	19	-	-	PUNCT
fbem-14090	45	20	score	score	NOUN
fbem-14090	45	21	of	of	ADP
fbem-14090	45	22	enterprises	enterprise	NOUN
fbem-14090	45	23	was	be	AUX
fbem-14090	45	24	about	about	ADV
fbem-14090	45	25	2.5	2.5	NUM
fbem-14090	45	26	in	in	ADP
fbem-14090	45	27	the	the	DET
fbem-14090	45	28	year	year	NOUN
fbem-14090	45	29	before	before	SCONJ
fbem-14090	45	30	the	the	DET
fbem-14090	45	31	m&a	m&a	PROPN
fbem-14090	45	32	occurred	occur	VERB
fbem-14090	45	33	.	.	PUNCT
fbem-14090	46	1	the	the	DET
fbem-14090	46	2	z	z	NOUN
fbem-14090	46	3	-	-	PUNCT
fbem-14090	46	4	score	score	NOUN
fbem-14090	46	5	rose	rise	VERB
fbem-14090	46	6	slightly	slightly	ADV
fbem-14090	46	7	to	to	ADP
fbem-14090	46	8	about	about	ADV
fbem-14090	46	9	2.59	2.59	NUM
fbem-14090	46	10	in	in	ADP
fbem-14090	46	11	the	the	DET
fbem-14090	46	12	year	year	NOUN
fbem-14090	46	13	of	of	ADP
fbem-14090	46	14	the	the	DET
fbem-14090	46	15	m&a	m&a	PROPN
fbem-14090	46	16	.	.	PUNCT
fbem-14090	47	1	however	however	ADV
fbem-14090	47	2	,	,	PUNCT
fbem-14090	47	3	the	the	DET
fbem-14090	47	4	level	level	NOUN
fbem-14090	47	5	of	of	ADP
fbem-14090	47	6	enterprise	enterprise	NOUN
fbem-14090	47	7	z	z	NOUN
fbem-14090	47	8	-	-	PUNCT
fbem-14090	47	9	scores	score	NOUN
fbem-14090	47	10	declined	decline	VERB
fbem-14090	47	11	year	year	NOUN
fbem-14090	47	12	by	by	ADP
fbem-14090	47	13	year	year	NOUN
fbem-14090	47	14	in	in	ADP
fbem-14090	47	15	the	the	DET
fbem-14090	47	16	two	two	NUM
fbem-14090	47	17	years	year	NOUN
fbem-14090	47	18	after	after	ADP
fbem-14090	47	19	the	the	DET
fbem-14090	47	20	m&a	m&a	PROPN
fbem-14090	47	21	,	,	PUNCT
fbem-14090	47	22	indicating	indicate	VERB
fbem-14090	47	23	that	that	SCONJ
fbem-14090	47	24	the	the	DET
fbem-14090	47	25	financial	financial	ADJ
fbem-14090	47	26	risks	risk	NOUN
fbem-14090	47	27	of	of	ADP
fbem-14090	47	28	enterprises	enterprise	NOUN
fbem-14090	47	29	after	after	ADP
fbem-14090	47	30	m&a	m&a	PROPN
fbem-14090	47	31	will	will	AUX
fbem-14090	47	32	gradually	gradually	ADV
fbem-14090	47	33	increase	increase	VERB
fbem-14090	47	34	over	over	ADP
fbem-14090	47	35	time	time	NOUN
fbem-14090	47	36	.	.	PUNCT
fbem-14090	48	1	3.3	3.3	NUM
fbem-14090	48	2	.	.	PUNCT
fbem-14090	49	1	explanatory	explanatory	ADJ
fbem-14090	49	2	variables	variable	NOUN
fbem-14090	49	3	the	the	DET
fbem-14090	49	4	main	main	ADJ
fbem-14090	49	5	sources	source	NOUN
fbem-14090	49	6	of	of	ADP
fbem-14090	49	7	financial	financial	ADJ
fbem-14090	49	8	risks	risk	NOUN
fbem-14090	49	9	in	in	ADP
fbem-14090	49	10	m&as	m&as	PROPN
fbem-14090	49	11	are	be	AUX
fbem-14090	49	12	pricing	price	VERB
fbem-14090	49	13	risks	risk	NOUN
fbem-14090	49	14	,	,	PUNCT
fbem-14090	49	15	financing	financing	NOUN
fbem-14090	49	16	risks	risk	NOUN
fbem-14090	49	17	,	,	PUNCT
fbem-14090	49	18	payment	payment	NOUN
fbem-14090	49	19	risks	risk	NOUN
fbem-14090	49	20	,	,	PUNCT
fbem-14090	49	21	and	and	CCONJ
fbem-14090	49	22	integration	integration	NOUN
fbem-14090	49	23	risks	risk	NOUN
fbem-14090	49	24	.	.	PUNCT
fbem-14090	50	1	however	however	ADV
fbem-14090	50	2	,	,	PUNCT
fbem-14090	50	3	due	due	ADP
fbem-14090	50	4	to	to	ADP
fbem-14090	50	5	the	the	DET
fbem-14090	50	6	existence	existence	NOUN
fbem-14090	50	7	of	of	ADP
fbem-14090	50	8	information	information	NOUN
fbem-14090	50	9	asymmetry	asymmetry	NOUN
fbem-14090	50	10	in	in	ADP
fbem-14090	50	11	pricing	pricing	NOUN
fbem-14090	50	12	factors	factor	NOUN
fbem-14090	50	13	and	and	CCONJ
fbem-14090	50	14	the	the	DET
fbem-14090	50	15	complexity	complexity	NOUN
fbem-14090	50	16	of	of	ADP
fbem-14090	50	17	enterprise	enterprise	NOUN
fbem-14090	50	18	value	value	NOUN
fbem-14090	50	19	evaluation	evaluation	NOUN
fbem-14090	50	20	,	,	PUNCT
fbem-14090	50	21	this	this	DET
fbem-14090	50	22	paper	paper	NOUN
fbem-14090	50	23	mainly	mainly	ADV
fbem-14090	50	24	selects	select	VERB
fbem-14090	50	25	explanatory	explanatory	ADJ
fbem-14090	50	26	variables	variable	NOUN
fbem-14090	50	27	from	from	ADP
fbem-14090	50	28	three	three	NUM
fbem-14090	50	29	aspects	aspect	NOUN
fbem-14090	50	30	:	:	PUNCT
fbem-14090	50	31	payment	payment	NOUN
fbem-14090	50	32	factors	factor	NOUN
fbem-14090	50	33	,	,	PUNCT
fbem-14090	50	34	financing	financing	NOUN
fbem-14090	50	35	factors	factor	NOUN
fbem-14090	50	36	and	and	CCONJ
fbem-14090	50	37	financial	financial	ADJ
fbem-14090	50	38	integration	integration	NOUN
fbem-14090	50	39	factors	factor	NOUN
fbem-14090	50	40	.	.	PUNCT
fbem-14090	51	1	an	an	DET
fbem-14090	51	2	index	index	NOUN
fbem-14090	51	3	system	system	NOUN
fbem-14090	51	4	of	of	ADP
fbem-14090	51	5	factors	factor	NOUN
fbem-14090	51	6	affecting	affect	VERB
fbem-14090	51	7	financial	financial	ADJ
fbem-14090	51	8	risks	risk	NOUN
fbem-14090	51	9	is	be	AUX
fbem-14090	51	10	constructed	construct	VERB
fbem-14090	51	11	as	as	SCONJ
fbem-14090	51	12	follows	follow	VERB
fbem-14090	51	13	:	:	PUNCT
fbem-14090	51	14	table	table	NOUN
fbem-14090	51	15	2	2	NUM
fbem-14090	51	16	.	.	PUNCT
fbem-14090	51	17	influencing	influence	VERB
fbem-14090	51	18	factor	factor	NOUN
fbem-14090	51	19	indicators	indicator	NOUN
fbem-14090	51	20	cash	cash	VERB
fbem-14090	51	21	payment	payment	NOUN
fbem-14090	51	22	factors	factor	NOUN
fbem-14090	51	23	x1：liquidity	x1：liquidity	NOUN
fbem-14090	52	1	ratio	ratio	NOUN
fbem-14090	52	2	current	current	ADJ
fbem-14090	52	3	assets	asset	NOUN
fbem-14090	52	4	/	/	SYM
fbem-14090	52	5	current	current	ADJ
fbem-14090	52	6	liabilities	liability	NOUN
fbem-14090	52	7	x2：quick	x2：quick	NOUN
fbem-14090	53	1	ratio	ratio	NOUN
fbem-14090	53	2	liquid	liquid	ADJ
fbem-14090	53	3	assets	asset	NOUN
fbem-14090	53	4	/	/	SYM
fbem-14090	53	5	current	current	ADJ
fbem-14090	53	6	liabilities	liability	NOUN
fbem-14090	53	7	x3：cash	x3：cash	PROPN
fbem-14090	53	8	ratio	ratio	NOUN
fbem-14090	53	9	cash	cash	NOUN
fbem-14090	53	10	and	and	CCONJ
fbem-14090	53	11	cash	cash	NOUN
fbem-14090	53	12	equivalents	equivalent	NOUN
fbem-14090	53	13	at	at	ADP
fbem-14090	53	14	period	period	NOUN
fbem-14090	53	15	end	end	NOUN
fbem-14090	53	16	/	/	SYM
fbem-14090	53	17	current	current	ADJ
fbem-14090	53	18	liabilities	liability	NOUN
fbem-14090	53	19	x4：earnings	x4：earnings	NUM
fbem-14090	53	20	per	per	ADP
fbem-14090	53	21	share	share	NOUN
fbem-14090	53	22	net	net	ADJ
fbem-14090	53	23	profit	profit	NOUN
fbem-14090	53	24	/	/	SYM
fbem-14090	53	25	total	total	ADJ
fbem-14090	53	26	shares	share	NOUN
fbem-14090	53	27	equity	equity	NOUN
fbem-14090	53	28	financing	financing	NOUN
fbem-14090	53	29	factors	factor	NOUN
fbem-14090	53	30	x5	x5	NOUN
fbem-14090	53	31	:	:	PUNCT
fbem-14090	53	32	net	net	ADJ
fbem-14090	53	33	cash	cash	NOUN
fbem-14090	53	34	flow	flow	NOUN
fbem-14090	53	35	from	from	ADP
fbem-14090	53	36	operating	operate	VERB
fbem-14090	53	37	activities	activity	NOUN
fbem-14090	53	38	per	per	ADP
fbem-14090	53	39	share	share	NOUN
fbem-14090	53	40	net	net	ADJ
fbem-14090	53	41	cash	cash	NOUN
fbem-14090	53	42	flow	flow	NOUN
fbem-14090	53	43	from	from	ADP
fbem-14090	53	44	operating	operate	VERB
fbem-14090	53	45	activities	activity	NOUN
fbem-14090	53	46	/	/	SYM
fbem-14090	53	47	total	total	ADJ
fbem-14090	53	48	shares	share	NOUN
fbem-14090	53	49	x6	x6	NOUN
fbem-14090	53	50	:	:	PUNCT
fbem-14090	53	51	return	return	NOUN
fbem-14090	53	52	on	on	ADP
fbem-14090	53	53	equity	equity	NOUN
fbem-14090	53	54	net	net	ADJ
fbem-14090	53	55	profit	profit	NOUN
fbem-14090	53	56	/	/	SYM
fbem-14090	53	57	average	average	ADJ
fbem-14090	53	58	shareholders	shareholder	NOUN
fbem-14090	53	59	'	'	PART
fbem-14090	53	60	equity	equity	NOUN
fbem-14090	53	61	x7	x7	NOUN
fbem-14090	53	62	:	:	PUNCT
fbem-14090	53	63	net	net	ADJ
fbem-14090	53	64	profit	profit	NOUN
fbem-14090	53	65	margin	margin	NOUN
fbem-14090	53	66	net	net	ADJ
fbem-14090	53	67	profit	profit	NOUN
fbem-14090	53	68	/	/	SYM
fbem-14090	53	69	operating	operate	VERB
fbem-14090	53	70	revenue	revenue	NOUN
fbem-14090	53	71	financial	financial	ADJ
fbem-14090	53	72	integration	integration	NOUN
fbem-14090	53	73	factors	factor	NOUN
fbem-14090	53	74	x8	x8	PROPN
fbem-14090	53	75	:	:	PUNCT
fbem-14090	53	76	return	return	VERB
fbem-14090	53	77	on	on	ADP
fbem-14090	53	78	total	total	ADJ
fbem-14090	53	79	assets	asset	NOUN
fbem-14090	53	80	net	net	ADJ
fbem-14090	53	81	profit	profit	NOUN
fbem-14090	53	82	/	/	SYM
fbem-14090	53	83	average	average	ADJ
fbem-14090	53	84	total	total	ADJ
fbem-14090	53	85	assets	asset	NOUN
fbem-14090	53	86	x9	x9	NOUN
fbem-14090	53	87	:	:	PUNCT
fbem-14090	53	88	growth	growth	NOUN
fbem-14090	53	89	rate	rate	NOUN
fbem-14090	53	90	of	of	ADP
fbem-14090	53	91	net	net	ADJ
fbem-14090	53	92	profit	profit	NOUN
fbem-14090	53	93	(	(	PUNCT
fbem-14090	53	94	net	net	ADJ
fbem-14090	53	95	profit	profit	NOUN
fbem-14090	53	96	for	for	ADP
fbem-14090	53	97	the	the	DET
fbem-14090	53	98	current	current	ADJ
fbem-14090	53	99	period	period	NOUN
fbem-14090	53	100	initial	initial	ADJ
fbem-14090	53	101	net	net	ADJ
fbem-14090	53	102	profit)/initial	profit)/initial	ADJ
fbem-14090	53	103	net	net	ADJ
fbem-14090	53	104	profit	profit	NOUN
fbem-14090	53	105	4	4	NUM
fbem-14090	53	106	.	.	PUNCT
fbem-14090	53	107	factor	factor	NOUN
fbem-14090	53	108	analysis	analysis	NOUN
fbem-14090	53	109	factor	factor	NOUN
fbem-14090	53	110	analysis	analysis	NOUN
fbem-14090	53	111	was	be	AUX
fbem-14090	53	112	proposed	propose	VERB
fbem-14090	53	113	by	by	ADP
fbem-14090	53	114	the	the	DET
fbem-14090	53	115	british	british	PROPN
fbem-14090	53	116	scholar	scholar	PROPN
fbem-14090	53	117	c.e	c.e	PROPN
fbem-14090	53	118	.	.	PROPN
fbem-14090	53	119	spearman	spearman	NOUN
fbem-14090	53	120	.	.	PUNCT
fbem-14090	54	1	it	it	PRON
fbem-14090	54	2	is	be	AUX
fbem-14090	54	3	a	a	DET
fbem-14090	54	4	method	method	NOUN
fbem-14090	54	5	of	of	ADP
fbem-14090	54	6	extracting	extract	VERB
fbem-14090	54	7	common	common	ADJ
fbem-14090	54	8	factors	factor	NOUN
fbem-14090	54	9	from	from	ADP
fbem-14090	54	10	variables	variable	NOUN
fbem-14090	54	11	that	that	PRON
fbem-14090	54	12	can	can	AUX
fbem-14090	54	13	simplify	simplify	VERB
fbem-14090	54	14	multiple	multiple	ADJ
fbem-14090	54	15	variables	variable	NOUN
fbem-14090	54	16	.	.	PUNCT
fbem-14090	55	1	this	this	DET
fbem-14090	55	2	study	study	NOUN
fbem-14090	55	3	aims	aim	VERB
fbem-14090	55	4	to	to	PART
fbem-14090	55	5	extract	extract	VERB
fbem-14090	55	6	common	common	ADJ
fbem-14090	55	7	factors	factor	NOUN
fbem-14090	55	8	from	from	ADP
fbem-14090	55	9	the	the	DET
fbem-14090	55	10	9	9	NUM
fbem-14090	55	11	influencing	influence	VERB
fbem-14090	55	12	factors	factor	NOUN
fbem-14090	55	13	as	as	ADP
fbem-14090	55	14	explanatory	explanatory	ADJ
fbem-14090	55	15	variables	variable	NOUN
fbem-14090	55	16	to	to	PART
fbem-14090	55	17	analyze	analyze	VERB
fbem-14090	55	18	the	the	DET
fbem-14090	55	19	impact	impact	NOUN
fbem-14090	55	20	factors	factor	NOUN
fbem-14090	55	21	of	of	ADP
fbem-14090	55	22	financial	financial	ADJ
fbem-14090	55	23	risks	risk	NOUN
fbem-14090	55	24	in	in	ADP
fbem-14090	55	25	cross	cross	ADJ
fbem-14090	55	26	-	-	ADJ
fbem-14090	55	27	border	border	ADJ
fbem-14090	55	28	mergers	merger	NOUN
fbem-14090	55	29	and	and	CCONJ
fbem-14090	55	30	acquisitions	acquisition	NOUN
fbem-14090	55	31	(	(	PUNCT
fbem-14090	55	32	m&as	m&as	NOUN
fbem-14090	55	33	)	)	PUNCT
fbem-14090	55	34	.	.	PUNCT
fbem-14090	56	1	this	this	DET
fbem-14090	56	2	study	study	NOUN
fbem-14090	56	3	extracted	extract	VERB
fbem-14090	56	4	factors	factor	NOUN
fbem-14090	56	5	through	through	ADP
fbem-14090	56	6	stata	stata	NOUN
fbem-14090	56	7	software	software	NOUN
fbem-14090	56	8	by	by	ADP
fbem-14090	56	9	accumulating	accumulate	VERB
fbem-14090	56	10	the	the	DET
fbem-14090	56	11	variance	variance	NOUN
fbem-14090	56	12	contribution	contribution	NOUN
fbem-14090	56	13	rate	rate	NOUN
fbem-14090	56	14	exceeding	exceed	VERB
fbem-14090	56	15	85	85	NUM
fbem-14090	56	16	%	%	NOUN
fbem-14090	56	17	.	.	PUNCT
fbem-14090	57	1	after	after	ADP
fbem-14090	57	2	factor	factor	NOUN
fbem-14090	57	3	rotation	rotation	NOUN
fbem-14090	57	4	,	,	PUNCT
fbem-14090	57	5	the	the	DET
fbem-14090	57	6	9	9	NUM
fbem-14090	57	7	indicators	indicator	NOUN
fbem-14090	57	8	were	be	AUX
fbem-14090	57	9	compressed	compress	VERB
fbem-14090	57	10	and	and	CCONJ
fbem-14090	57	11	integrated	integrate	VERB
fbem-14090	57	12	into	into	ADP
fbem-14090	57	13	three	three	NUM
fbem-14090	57	14	major	major	ADJ
fbem-14090	57	15	risk	risk	NOUN
fbem-14090	57	16	indicators	indicator	NOUN
fbem-14090	57	17	.	.	PUNCT
fbem-14090	58	1	according	accord	VERB
fbem-14090	58	2	to	to	ADP
fbem-14090	58	3	the	the	DET
fbem-14090	58	4	rotated	rotate	VERB
fbem-14090	58	5	factor	factor	NOUN
fbem-14090	58	6	loading	loading	NOUN
fbem-14090	58	7	matrix	matrix	NOUN
fbem-14090	58	8	,	,	PUNCT
fbem-14090	58	9	the	the	DET
fbem-14090	58	10	characteristic	characteristic	NOUN
fbem-14090	58	11	represented	represent	VERB
fbem-14090	58	12	by	by	ADP
fbem-14090	58	13	each	each	DET
fbem-14090	58	14	factor	factor	NOUN
fbem-14090	58	15	can	can	AUX
fbem-14090	58	16	be	be	AUX
fbem-14090	58	17	clearly	clearly	ADV
fbem-14090	58	18	demonstrated	demonstrate	VERB
fbem-14090	58	19	,	,	PUNCT
fbem-14090	58	20	and	and	CCONJ
fbem-14090	58	21	the	the	DET
fbem-14090	58	22	types	type	NOUN
fbem-14090	58	23	of	of	ADP
fbem-14090	58	24	the	the	DET
fbem-14090	58	25	three	three	NUM
fbem-14090	58	26	major	major	ADJ
fbem-14090	58	27	risk	risk	NOUN
fbem-14090	58	28	indicators	indicator	NOUN
fbem-14090	58	29	can	can	AUX
fbem-14090	58	30	also	also	ADV
fbem-14090	58	31	be	be	AUX
fbem-14090	58	32	defined	define	VERB
fbem-14090	58	33	through	through	ADP
fbem-14090	58	34	data	datum	NOUN
fbem-14090	58	35	.	.	PUNCT
fbem-14090	59	1	184	184	NUM
fbem-14090	59	2	table	table	NOUN
fbem-14090	59	3	3	3	NUM
fbem-14090	59	4	.	.	PUNCT
fbem-14090	59	5	rotated	rotate	VERB
fbem-14090	59	6	factor	factor	NOUN
fbem-14090	59	7	loading	loading	NOUN
fbem-14090	59	8	matrix	matrix	NOUN
fbem-14090	59	9	t	t	NOUN
fbem-14090	59	10	t+1	t+1	PROPN
fbem-14090	59	11	t+2	t+2	SYM
fbem-14090	59	12	1	1	NUM
fbem-14090	59	13	2	2	NUM
fbem-14090	59	14	3	3	NUM
fbem-14090	59	15	1	1	NUM
fbem-14090	59	16	2	2	NUM
fbem-14090	59	17	3	3	NUM
fbem-14090	59	18	1	1	NUM
fbem-14090	59	19	2	2	NUM
fbem-14090	59	20	3	3	NUM
fbem-14090	59	21	x1	x1	NOUN
fbem-14090	59	22	0.976	0.976	NUM
fbem-14090	59	23	0.12	0.12	NUM
fbem-14090	59	24	0.038	0.038	NUM
fbem-14090	59	25	0.121	0.121	NUM
fbem-14090	59	26	0.982	0.982	NUM
fbem-14090	59	27	0.038	0.038	NUM
fbem-14090	59	28	0.1	0.1	NUM
fbem-14090	59	29	0.951	0.951	NUM
fbem-14090	59	30	0.038	0.038	NUM
fbem-14090	59	31	x2	x2	NUM
fbem-14090	59	32	0.972	0.972	NUM
fbem-14090	59	33	0.163	0.163	NUM
fbem-14090	59	34	0.003	0.003	NUM
fbem-14090	59	35	0.13	0.13	NUM
fbem-14090	59	36	0.968	0.968	NUM
fbem-14090	59	37	0.025	0.025	NUM
fbem-14090	59	38	0.092	0.092	NUM
fbem-14090	59	39	0.959	0.959	NUM
fbem-14090	59	40	0.029	0.029	NUM
fbem-14090	59	41	x3	x3	NUM
fbem-14090	59	42	0.949	0.949	NUM
fbem-14090	59	43	0.205	0.205	NUM
fbem-14090	59	44	-0.038	-0.038	PUNCT
fbem-14090	60	1	0.153	0.153	NUM
fbem-14090	60	2	0.961	0.961	NUM
fbem-14090	60	3	-0.019	-0.019	NUM
fbem-14090	60	4	0.19	0.19	NUM
fbem-14090	60	5	0.949	0.949	NUM
fbem-14090	60	6	-0.023	-0.023	PUNCT
fbem-14090	60	7	x4	x4	ADP
fbem-14090	60	8	0.317	0.317	NUM
fbem-14090	60	9	-0.368	-0.368	NUM
fbem-14090	60	10	0.781	0.781	NUM
fbem-14090	60	11	0.9	0.9	NUM
fbem-14090	60	12	0.127	0.127	NUM
fbem-14090	60	13	0.6763	0.6763	NUM
fbem-14090	60	14	0.701	0.701	NUM
fbem-14090	60	15	0.373	0.373	NUM
fbem-14090	60	16	0.228	0.228	NUM
fbem-14090	60	17	x5	x5	NOUN
fbem-14090	60	18	0.167	0.167	NUM
fbem-14090	60	19	0.765	0.765	NUM
fbem-14090	60	20	0.855	0.855	NUM
fbem-14090	60	21	0.822	0.822	NUM
fbem-14090	60	22	0.164	0.164	NUM
fbem-14090	60	23	0.8832	0.8832	NUM
fbem-14090	60	24	0.218	0.218	NUM
fbem-14090	60	25	0.582	0.582	NUM
fbem-14090	60	26	0.435	0.435	NUM
fbem-14090	60	27	x6	x6	PROPN
fbem-14090	60	28	0.011	0.011	NUM
fbem-14090	60	29	0.816	0.816	NUM
fbem-14090	60	30	0.464	0.464	NUM
fbem-14090	60	31	0.932	0.932	NUM
fbem-14090	60	32	-0.01	-0.01	NUM
fbem-14090	60	33	0.113	0.113	NUM
fbem-14090	60	34	0.941	0.941	NUM
fbem-14090	60	35	-0.059	-0.059	PUNCT
fbem-14090	60	36	-0.013	-0.013	PUNCT
fbem-14090	60	37	x7	x7	NOUN
fbem-14090	60	38	0.62	0.62	NUM
fbem-14090	60	39	0.626	0.626	NUM
fbem-14090	60	40	0.134	0.134	NUM
fbem-14090	60	41	0.815	0.815	NUM
fbem-14090	60	42	0.413	0.413	NUM
fbem-14090	60	43	0.185	0.185	NUM
fbem-14090	60	44	0.687	0.687	NUM
fbem-14090	60	45	0.514	0.514	NUM
fbem-14090	60	46	0.155	0.155	NUM
fbem-14090	60	47	x8	x8	PROPN
fbem-14090	60	48	0.254	0.254	NUM
fbem-14090	60	49	0.864	0.864	NUM
fbem-14090	60	50	0.266	0.266	NUM
fbem-14090	60	51	0.931	0.931	NUM
fbem-14090	60	52	0.176	0.176	NUM
fbem-14090	60	53	0.097	0.097	NUM
fbem-14090	60	54	0.933	0.933	NUM
fbem-14090	60	55	0.206	0.206	NUM
fbem-14090	60	56	0.135	0.135	NUM
fbem-14090	60	57	x9	x9	NOUN
fbem-14090	60	58	0.018	0.018	NUM
fbem-14090	60	59	0.834	0.834	NUM
fbem-14090	60	60	-0.223	-0.223	NUM
fbem-14090	60	61	0.078	0.078	NUM
fbem-14090	60	62	0.023	0.023	NUM
fbem-14090	60	63	0.983	0.983	NUM
fbem-14090	60	64	-0.31	-0.31	NUM
fbem-14090	60	65	-0.001	-0.001	NUM
fbem-14090	60	66	0.923	0.923	NUM
fbem-14090	60	67	according	accord	VERB
fbem-14090	60	68	to	to	ADP
fbem-14090	60	69	the	the	DET
fbem-14090	60	70	table	table	NOUN
fbem-14090	60	71	,	,	PUNCT
fbem-14090	60	72	in	in	ADP
fbem-14090	60	73	the	the	DET
fbem-14090	60	74	m&a	m&a	PROPN
fbem-14090	60	75	occurrence	occurrence	NOUN
fbem-14090	60	76	year	year	NOUN
fbem-14090	60	77	,	,	PUNCT
fbem-14090	60	78	the	the	DET
fbem-14090	60	79	loadings	loading	NOUN
fbem-14090	60	80	of	of	ADP
fbem-14090	60	81	x1	x1	ADJ
fbem-14090	60	82	liquidity	liquidity	NOUN
fbem-14090	60	83	ratio	ratio	NOUN
fbem-14090	60	84	,	,	PUNCT
fbem-14090	60	85	x2	x2	PROPN
fbem-14090	60	86	quick	quick	ADJ
fbem-14090	60	87	ratio	ratio	NOUN
fbem-14090	60	88	and	and	CCONJ
fbem-14090	60	89	x3	x3	ADJ
fbem-14090	60	90	cash	cash	NOUN
fbem-14090	60	91	ratio	ratio	NOUN
fbem-14090	60	92	on	on	ADP
fbem-14090	60	93	the	the	DET
fbem-14090	60	94	first	first	ADJ
fbem-14090	60	95	common	common	ADJ
fbem-14090	60	96	factor	factor	NOUN
fbem-14090	60	97	are	be	AUX
fbem-14090	60	98	97.6	97.6	NUM
fbem-14090	60	99	%	%	NOUN
fbem-14090	60	100	,	,	PUNCT
fbem-14090	60	101	97.2	97.2	NUM
fbem-14090	60	102	%	%	NOUN
fbem-14090	60	103	and	and	CCONJ
fbem-14090	60	104	94.9	94.9	NUM
fbem-14090	60	105	%	%	NOUN
fbem-14090	60	106	respectively	respectively	ADV
fbem-14090	60	107	.	.	PUNCT
fbem-14090	61	1	therefore	therefore	ADV
fbem-14090	61	2	,	,	PUNCT
fbem-14090	61	3	the	the	DET
fbem-14090	61	4	first	first	ADJ
fbem-14090	61	5	common	common	ADJ
fbem-14090	61	6	factor	factor	NOUN
fbem-14090	61	7	can	can	AUX
fbem-14090	61	8	be	be	AUX
fbem-14090	61	9	considered	consider	VERB
fbem-14090	61	10	as	as	ADP
fbem-14090	61	11	the	the	DET
fbem-14090	61	12	representative	representative	NOUN
fbem-14090	61	13	of	of	ADP
fbem-14090	61	14	these	these	DET
fbem-14090	61	15	three	three	NUM
fbem-14090	61	16	influencing	influence	VERB
fbem-14090	61	17	factors	factor	NOUN
fbem-14090	61	18	,	,	PUNCT
fbem-14090	61	19	and	and	CCONJ
fbem-14090	61	20	can	can	AUX
fbem-14090	61	21	be	be	AUX
fbem-14090	61	22	used	use	VERB
fbem-14090	61	23	to	to	PART
fbem-14090	61	24	explain	explain	VERB
fbem-14090	61	25	the	the	DET
fbem-14090	61	26	risks	risk	NOUN
fbem-14090	61	27	in	in	ADP
fbem-14090	61	28	the	the	DET
fbem-14090	61	29	payment	payment	NOUN
fbem-14090	61	30	link	link	NOUN
fbem-14090	61	31	during	during	ADP
fbem-14090	61	32	m&as	m&as	NOUN
fbem-14090	61	33	.	.	PUNCT
fbem-14090	62	1	it	it	PRON
fbem-14090	62	2	can	can	AUX
fbem-14090	62	3	be	be	AUX
fbem-14090	62	4	defined	define	VERB
fbem-14090	62	5	as	as	ADP
fbem-14090	62	6	the	the	DET
fbem-14090	62	7	payment	payment	NOUN
fbem-14090	62	8	factor	factor	NOUN
fbem-14090	62	9	.	.	PUNCT
fbem-14090	63	1	the	the	DET
fbem-14090	63	2	loadings	loading	NOUN
fbem-14090	63	3	of	of	ADP
fbem-14090	63	4	x4	x4	ADJ
fbem-14090	63	5	earnings	earning	NOUN
fbem-14090	63	6	per	per	ADP
fbem-14090	63	7	share	share	NOUN
fbem-14090	63	8	and	and	CCONJ
fbem-14090	63	9	x5	x5	NOUN
fbem-14090	63	10	net	net	ADJ
fbem-14090	63	11	cash	cash	NOUN
fbem-14090	63	12	flow	flow	NOUN
fbem-14090	63	13	from	from	ADP
fbem-14090	63	14	operating	operate	VERB
fbem-14090	63	15	activities	activity	NOUN
fbem-14090	63	16	per	per	ADP
fbem-14090	63	17	share	share	NOUN
fbem-14090	63	18	on	on	ADP
fbem-14090	63	19	the	the	DET
fbem-14090	63	20	third	third	ADJ
fbem-14090	63	21	common	common	ADJ
fbem-14090	63	22	factor	factor	NOUN
fbem-14090	63	23	can	can	AUX
fbem-14090	63	24	reach	reach	VERB
fbem-14090	63	25	78.1	78.1	NUM
fbem-14090	63	26	%	%	NOUN
fbem-14090	63	27	and	and	CCONJ
fbem-14090	63	28	85.5	85.5	NUM
fbem-14090	63	29	%	%	NOUN
fbem-14090	63	30	respectively	respectively	ADV
fbem-14090	63	31	.	.	PUNCT
fbem-14090	64	1	therefore	therefore	ADV
fbem-14090	64	2	,	,	PUNCT
fbem-14090	64	3	it	it	PRON
fbem-14090	64	4	can	can	AUX
fbem-14090	64	5	be	be	AUX
fbem-14090	64	6	considered	consider	VERB
fbem-14090	64	7	that	that	SCONJ
fbem-14090	64	8	the	the	DET
fbem-14090	64	9	third	third	ADJ
fbem-14090	64	10	factor	factor	NOUN
fbem-14090	64	11	can	can	AUX
fbem-14090	64	12	explain	explain	VERB
fbem-14090	64	13	the	the	DET
fbem-14090	64	14	financing	financing	NOUN
fbem-14090	64	15	risks	risk	NOUN
fbem-14090	64	16	in	in	ADP
fbem-14090	64	17	cross	cross	ADJ
fbem-14090	64	18	-	-	ADJ
fbem-14090	64	19	border	border	ADJ
fbem-14090	64	20	m&as	m&as	NOUN
fbem-14090	64	21	,	,	PUNCT
fbem-14090	64	22	and	and	CCONJ
fbem-14090	64	23	it	it	PRON
fbem-14090	64	24	can	can	AUX
fbem-14090	64	25	be	be	AUX
fbem-14090	64	26	defined	define	VERB
fbem-14090	64	27	as	as	ADP
fbem-14090	64	28	the	the	DET
fbem-14090	64	29	financing	financing	NOUN
fbem-14090	64	30	factor	factor	NOUN
fbem-14090	64	31	.	.	PUNCT
fbem-14090	65	1	the	the	DET
fbem-14090	65	2	loadings	loading	NOUN
fbem-14090	65	3	of	of	ADP
fbem-14090	65	4	x6	x6	PROPN
fbem-14090	65	5	,	,	PUNCT
fbem-14090	65	6	x7	x7	NOUN
fbem-14090	65	7	,	,	PUNCT
fbem-14090	65	8	x8	x8	PROPN
fbem-14090	65	9	,	,	PUNCT
fbem-14090	65	10	x9	x9	NOUN
fbem-14090	65	11	on	on	ADP
fbem-14090	65	12	the	the	DET
fbem-14090	65	13	third	third	ADJ
fbem-14090	65	14	common	common	ADJ
fbem-14090	65	15	factor	factor	NOUN
fbem-14090	65	16	are	be	AUX
fbem-14090	65	17	81.6	81.6	NUM
fbem-14090	65	18	%	%	NOUN
fbem-14090	65	19	,	,	PUNCT
fbem-14090	65	20	62.6	62.6	NUM
fbem-14090	65	21	%	%	NOUN
fbem-14090	65	22	,	,	PUNCT
fbem-14090	65	23	86.4	86.4	NUM
fbem-14090	65	24	%	%	NOUN
fbem-14090	65	25	,	,	PUNCT
fbem-14090	65	26	83.4	83.4	NUM
fbem-14090	65	27	%	%	NOUN
fbem-14090	65	28	respectively	respectively	ADV
fbem-14090	65	29	.	.	PUNCT
fbem-14090	66	1	therefore	therefore	ADV
fbem-14090	66	2	,	,	PUNCT
fbem-14090	66	3	it	it	PRON
fbem-14090	66	4	can	can	AUX
fbem-14090	66	5	be	be	AUX
fbem-14090	66	6	considered	consider	VERB
fbem-14090	66	7	that	that	SCONJ
fbem-14090	66	8	the	the	DET
fbem-14090	66	9	third	third	ADJ
fbem-14090	66	10	factor	factor	NOUN
fbem-14090	66	11	reflects	reflect	VERB
fbem-14090	66	12	the	the	DET
fbem-14090	66	13	profitability	profitability	NOUN
fbem-14090	66	14	level	level	NOUN
fbem-14090	66	15	of	of	ADP
fbem-14090	66	16	enterprises	enterprise	NOUN
fbem-14090	66	17	and	and	CCONJ
fbem-14090	66	18	can	can	AUX
fbem-14090	66	19	explain	explain	VERB
fbem-14090	66	20	the	the	DET
fbem-14090	66	21	financial	financial	ADJ
fbem-14090	66	22	integration	integration	NOUN
fbem-14090	66	23	risks	risk	NOUN
fbem-14090	66	24	after	after	ADP
fbem-14090	66	25	m&as	m&as	NOUN
fbem-14090	66	26	.	.	PUNCT
fbem-14090	67	1	it	it	PRON
fbem-14090	67	2	can	can	AUX
fbem-14090	67	3	be	be	AUX
fbem-14090	67	4	defined	define	VERB
fbem-14090	67	5	as	as	ADP
fbem-14090	67	6	the	the	DET
fbem-14090	67	7	integration	integration	NOUN
fbem-14090	67	8	factor.therefore	factor.therefore	ADP
fbem-14090	67	9	,	,	PUNCT
fbem-14090	67	10	we	we	PRON
fbem-14090	67	11	obtained	obtain	VERB
fbem-14090	67	12	three	three	NUM
fbem-14090	67	13	main	main	ADJ
fbem-14090	67	14	influencing	influencing	NOUN
fbem-14090	67	15	factors	factor	NOUN
fbem-14090	67	16	:	:	PUNCT
fbem-14090	67	17	payment	payment	NOUN
fbem-14090	67	18	factor	factor	NOUN
fbem-14090	67	19	,	,	PUNCT
fbem-14090	67	20	integration	integration	NOUN
fbem-14090	67	21	factor	factor	NOUN
fbem-14090	67	22	and	and	CCONJ
fbem-14090	67	23	financing	financing	NOUN
fbem-14090	67	24	factor	factor	NOUN
fbem-14090	67	25	.	.	PUNCT
fbem-14090	68	1	based	base	VERB
fbem-14090	68	2	on	on	ADP
fbem-14090	68	3	the	the	DET
fbem-14090	68	4	rotated	rotate	VERB
fbem-14090	68	5	factor	factor	NOUN
fbem-14090	68	6	loadings	loading	NOUN
fbem-14090	68	7	,	,	PUNCT
fbem-14090	68	8	the	the	DET
fbem-14090	68	9	factor	factor	NOUN
fbem-14090	68	10	score	score	NOUN
fbem-14090	68	11	matrix	matrix	NOUN
fbem-14090	68	12	is	be	AUX
fbem-14090	68	13	calculated	calculate	VERB
fbem-14090	68	14	as	as	SCONJ
fbem-14090	68	15	follows	follow	VERB
fbem-14090	68	16	:	:	PUNCT
fbem-14090	68	17	table	table	NOUN
fbem-14090	68	18	4	4	NUM
fbem-14090	68	19	.	.	PUNCT
fbem-14090	68	20	factor	factor	NOUN
fbem-14090	68	21	score	score	NOUN
fbem-14090	68	22	matrix	matrix	NOUN
fbem-14090	68	23	t	t	VERB
fbem-14090	68	24	t+1	t+1	PROPN
fbem-14090	68	25	t+2	t+2	PROPN
fbem-14090	68	26	variable	variable	NOUN
fbem-14090	68	27	factor1	factor1	PUNCT
fbem-14090	69	1	factor2	factor2	PROPN
fbem-14090	69	2	factor3	factor3	PROPN
fbem-14090	69	3	factor1	factor1	PROPN
fbem-14090	70	1	factor2	factor2	PROPN
fbem-14090	70	2	factor3	factor3	PROPN
fbem-14090	70	3	factor1	factor1	NOUN
fbem-14090	71	1	factor2	factor2	ADJ
fbem-14090	71	2	factor3	factor3	NOUN
fbem-14090	72	1	x1	x1	NOUN
fbem-14090	72	2	0.34455	0.34455	NUM
fbem-14090	72	3	-0.13295	-0.13295	NOUN
fbem-14090	72	4	0.0611	0.0611	NUM
fbem-14090	72	5	0.342	0.342	NUM
fbem-14090	72	6	-0.068	-0.068	PUNCT
fbem-14090	73	1	0.011	0.011	NUM
fbem-14090	73	2	0.304	0.304	NUM
fbem-14090	73	3	-0.095	-0.095	NUM
fbem-14090	73	4	0.009	0.009	NUM
fbem-14090	73	5	x2	x2	NUM
fbem-14090	73	6	0.33499	0.33499	NUM
fbem-14090	73	7	-0.10754	-0.10754	NOUN
fbem-14090	73	8	0.02087	0.02087	NUM
fbem-14090	73	9	0.341	0.341	NUM
fbem-14090	73	10	-0.065	-0.065	NUM
fbem-14090	73	11	-0.002	-0.002	PUNCT
fbem-14090	73	12	0.308	0.308	NUM
fbem-14090	73	13	-0.1	-0.1	NOUN
fbem-14090	73	14	-0.0323	-0.0323	NOUN
fbem-14090	74	1	x3	x3	NOUN
fbem-14090	74	2	0.31525	0.31525	NUM
fbem-14090	74	3	-0.07691	-0.07691	NOUN
fbem-14090	74	4	-0.02543	-0.02543	NOUN
fbem-14090	74	5	0.332	0.332	NUM
fbem-14090	74	6	-0.053	-0.053	PROPN
fbem-14090	74	7	-0.047	-0.047	NOUN
fbem-14090	74	8	0.291	0.291	NUM
fbem-14090	74	9	-0.059	-0.059	PUNCT
fbem-14090	74	10	-0.051	-0.051	PROPN
fbem-14090	74	11	x4	x4	PROPN
fbem-14090	74	12	-0.03448	-0.03448	PROPN
fbem-14090	74	13	0.30077	0.30077	NUM
fbem-14090	74	14	-0.11023	-0.11023	PROPN
fbem-14090	74	15	-0.045	-0.045	PUNCT
fbem-14090	74	16	0.251	0.251	NUM
fbem-14090	74	17	-0.126	-0.126	NOUN
fbem-14090	74	18	0.025	0.025	NUM
fbem-14090	74	19	0.229	0.229	NUM
fbem-14090	74	20	-0.131	-0.131	PUNCT
fbem-14090	74	21	x5	x5	PROPN
fbem-14090	74	22	-0.09522	-0.09522	NOUN
fbem-14090	74	23	0.36888	0.36888	NUM
fbem-14090	74	24	-0.47311	-0.47311	NOUN
fbem-14090	74	25	-0.024	-0.024	PUNCT
fbem-14090	75	1	0.226	0.226	NUM
fbem-14090	75	2	-0.145	-0.145	NOUN
fbem-14090	75	3	0.164	0.164	NUM
fbem-14090	75	4	0.005	0.005	NUM
fbem-14090	75	5	-0.352	-0.352	PUNCT
fbem-14090	75	6	x6	x6	PROPN
fbem-14090	75	7	-0.12018	-0.12018	NOUN
fbem-14090	75	8	0.25795	0.25795	NUM
fbem-14090	75	9	0.2637	0.2637	NUM
fbem-14090	75	10	-0.101	-0.101	PUNCT
fbem-14090	75	11	0.262	0.262	NUM
fbem-14090	75	12	0.046	0.046	NUM
fbem-14090	75	13	-0.154	-0.154	NUM
fbem-14090	75	14	0.388	0.388	NUM
fbem-14090	75	15	0.031	0.031	NUM
fbem-14090	75	16	x7	x7	NOUN
fbem-14090	75	17	0.1249	0.1249	NUM
fbem-14090	75	18	0.1301	0.1301	NUM
fbem-14090	75	19	0.03159	0.03159	NUM
fbem-14090	75	20	0.063	0.063	NUM
fbem-14090	75	21	0.18	0.18	NUM
fbem-14090	75	22	0.118	0.118	NUM
fbem-14090	75	23	0.074	0.074	NUM
fbem-14090	75	24	0.204	0.204	NUM
fbem-14090	75	25	0.112	0.112	NUM
fbem-14090	75	26	x8	x8	NOUN
fbem-14090	75	27	-0.04832	-0.04832	NOUN
fbem-14090	76	1	0.27289	0.27289	NUM
fbem-14090	76	2	0.08691	0.08691	NUM
fbem-14090	76	3	-0.034	-0.034	NOUN
fbem-14090	76	4	0.243	0.243	NUM
fbem-14090	76	5	0.027	0.027	NUM
fbem-14090	76	6	-0.064	-0.064	PUNCT
fbem-14090	76	7	0.347	0.347	NUM
fbem-14090	76	8	0.01287	0.01287	NUM
fbem-14090	76	9	x9	x9	NOUN
fbem-14090	76	10	0.01838	0.01838	NUM
fbem-14090	76	11	-0.09547	-0.09547	NOUN
fbem-14090	76	12	0.7667	0.7667	NUM
fbem-14090	76	13	-0.017	-0.017	NUM
fbem-14090	76	14	-0.049	-0.049	PUNCT
fbem-14090	76	15	0.966	0.966	NUM
fbem-14090	76	16	0.044	0.044	NUM
fbem-14090	76	17	-0.125	-0.125	NUM
fbem-14090	76	18	0.8322	0.8322	NUM
fbem-14090	76	19	this	this	DET
fbem-14090	76	20	study	study	NOUN
fbem-14090	76	21	obtains	obtain	VERB
fbem-14090	76	22	the	the	DET
fbem-14090	76	23	scoring	scoring	NOUN
fbem-14090	76	24	function	function	NOUN
fbem-14090	76	25	of	of	ADP
fbem-14090	76	26	each	each	DET
fbem-14090	76	27	factor	factor	NOUN
fbem-14090	76	28	for	for	ADP
fbem-14090	76	29	the	the	DET
fbem-14090	76	30	three	three	NUM
fbem-14090	76	31	years	year	NOUN
fbem-14090	76	32	based	base	VERB
fbem-14090	76	33	on	on	ADP
fbem-14090	76	34	the	the	DET
fbem-14090	76	35	factor	factor	NOUN
fbem-14090	76	36	score	score	NOUN
fbem-14090	76	37	matrix	matrix	NOUN
fbem-14090	76	38	,	,	PUNCT
fbem-14090	76	39	and	and	CCONJ
fbem-14090	76	40	calculates	calculate	VERB
fbem-14090	76	41	the	the	DET
fbem-14090	76	42	scores	score	NOUN
fbem-14090	76	43	of	of	ADP
fbem-14090	76	44	each	each	DET
fbem-14090	76	45	factor	factor	NOUN
fbem-14090	76	46	for	for	ADP
fbem-14090	76	47	individual	individual	ADJ
fbem-14090	76	48	sample	sample	NOUN
fbem-14090	76	49	listed	list	VERB
fbem-14090	76	50	companies	company	NOUN
fbem-14090	76	51	to	to	PART
fbem-14090	76	52	obtain	obtain	VERB
fbem-14090	76	53	the	the	DET
fbem-14090	76	54	data	datum	NOUN
fbem-14090	76	55	.	.	PUNCT
fbem-14090	77	1	the	the	DET
fbem-14090	77	2	obtained	obtain	VERB
fbem-14090	77	3	data	datum	NOUN
fbem-14090	77	4	will	will	AUX
fbem-14090	77	5	be	be	AUX
fbem-14090	77	6	applied	apply	VERB
fbem-14090	77	7	in	in	ADP
fbem-14090	77	8	subsequent	subsequent	ADJ
fbem-14090	77	9	data	datum	NOUN
fbem-14090	77	10	analysis	analysis	NOUN
fbem-14090	77	11	5	5	NUM
fbem-14090	77	12	.	.	PUNCT
fbem-14090	77	13	result	result	VERB
fbem-14090	77	14	to	to	PART
fbem-14090	77	15	study	study	VERB
fbem-14090	77	16	the	the	DET
fbem-14090	77	17	impact	impact	NOUN
fbem-14090	77	18	of	of	ADP
fbem-14090	77	19	chinese	chinese	ADJ
fbem-14090	77	20	enterprises	enterprise	NOUN
fbem-14090	77	21	'	'	PART
fbem-14090	77	22	cross	cross	ADJ
fbem-14090	77	23	-	-	ADJ
fbem-14090	77	24	border	border	ADJ
fbem-14090	77	25	m&as	m&as	NOUN
fbem-14090	77	26	on	on	ADP
fbem-14090	77	27	financial	financial	ADJ
fbem-14090	77	28	risks	risk	NOUN
fbem-14090	77	29	,	,	PUNCT
fbem-14090	77	30	this	this	DET
fbem-14090	77	31	study	study	NOUN
fbem-14090	77	32	takes	take	VERB
fbem-14090	77	33	the	the	DET
fbem-14090	77	34	payment	payment	NOUN
fbem-14090	77	35	factor	factor	NOUN
fbem-14090	77	36	,	,	PUNCT
fbem-14090	77	37	integration	integration	NOUN
fbem-14090	77	38	factor	factor	NOUN
fbem-14090	77	39	and	and	CCONJ
fbem-14090	77	40	financing	financing	NOUN
fbem-14090	77	41	factor	factor	NOUN
fbem-14090	77	42	as	as	ADP
fbem-14090	77	43	the	the	DET
fbem-14090	77	44	main	main	ADJ
fbem-14090	77	45	risk	risk	NOUN
fbem-14090	77	46	influencing	influence	VERB
fbem-14090	77	47	factors	factor	NOUN
fbem-14090	77	48	,	,	PUNCT
fbem-14090	77	49	while	while	SCONJ
fbem-14090	77	50	introducing	introduce	VERB
fbem-14090	77	51	relevant	relevant	ADJ
fbem-14090	77	52	control	control	NOUN
fbem-14090	77	53	variables	variable	NOUN
fbem-14090	77	54	to	to	PART
fbem-14090	77	55	establish	establish	VERB
fbem-14090	77	56	a	a	DET
fbem-14090	77	57	regression	regression	NOUN
fbem-14090	77	58	model	model	NOUN
fbem-14090	77	59	:	:	PUNCT
fbem-14090	77	60	𝑍	𝑍	VERB
fbem-14090	77	61	𝛼	𝛼	PROPN
fbem-14090	77	62	𝑇𝑌𝑃𝐸1𝛽	𝑇𝑌𝑃𝐸1𝛽	PROPN
fbem-14090	77	63	𝑇𝑌𝑃𝐸2𝛽	𝑇𝑌𝑃𝐸2𝛽	NUM
fbem-14090	77	64	𝑇𝐼𝑀𝐸𝛽	𝑇𝐼𝑀𝐸𝛽	PROPN
fbem-14090	77	65	𝑃𝑅𝑂𝛽	𝑃𝑅𝑂𝛽	NOUN
fbem-14090	77	66	𝑂𝐶𝛽	𝑂𝐶𝛽	NOUN
fbem-14090	77	67	𝑆𝐶𝐴𝐿𝐸𝛽	𝑆𝐶𝐴𝐿𝐸𝛽	NOUN
fbem-14090	77	68	𝐴𝐺𝐸𝛽	𝐴𝐺𝐸𝛽	NOUN
fbem-14090	77	69	𝑃𝐹𝛽	𝑃𝐹𝛽	NOUN
fbem-14090	77	70	𝐹𝐹𝛽	𝐹𝐹𝛽	NOUN
fbem-14090	77	71	𝐼𝐹𝛽	𝐼𝐹𝛽	ADJ
fbem-14090	77	72	𝜀	𝜀	X
fbem-14090	77	73	(	(	PUNCT
fbem-14090	77	74	2	2	NUM
fbem-14090	77	75	)	)	PUNCT
fbem-14090	77	76	where	where	SCONJ
fbem-14090	77	77	z	z	NOUN
fbem-14090	77	78	is	be	AUX
fbem-14090	77	79	the	the	DET
fbem-14090	77	80	financial	financial	ADJ
fbem-14090	77	81	risk	risk	NOUN
fbem-14090	77	82	,	,	PUNCT
fbem-14090	77	83	ε	ε	PROPN
fbem-14090	77	84	is	be	AUX
fbem-14090	77	85	the	the	DET
fbem-14090	77	86	disturbance	disturbance	NOUN
fbem-14090	77	87	term	term	NOUN
fbem-14090	77	88	,	,	PUNCT
fbem-14090	77	89	pf	pf	PROPN
fbem-14090	77	90	is	be	AUX
fbem-14090	77	91	the	the	DET
fbem-14090	77	92	payment	payment	NOUN
fbem-14090	77	93	factor	factor	NOUN
fbem-14090	77	94	,	,	PUNCT
fbem-14090	77	95	ff	ff	PROPN
fbem-14090	77	96	is	be	AUX
fbem-14090	77	97	the	the	DET
fbem-14090	77	98	financing	financing	NOUN
fbem-14090	77	99	factor	factor	NOUN
fbem-14090	77	100	,	,	PUNCT
fbem-14090	77	101	if	if	SCONJ
fbem-14090	77	102	is	be	AUX
fbem-14090	77	103	the	the	DET
fbem-14090	77	104	integration	integration	NOUN
fbem-14090	77	105	factor	factor	NOUN
fbem-14090	77	106	.	.	PUNCT
fbem-14090	78	1	pf	pf	NOUN
fbem-14090	78	2	,	,	PUNCT
fbem-14090	78	3	if	if	SCONJ
fbem-14090	78	4	,	,	PUNCT
fbem-14090	78	5	ff	ff	NOUN
fbem-14090	78	6	are	be	AUX
fbem-14090	78	7	respectively	respectively	ADV
fbem-14090	78	8	the	the	DET
fbem-14090	78	9	common	common	ADJ
fbem-14090	78	10	factors	factor	NOUN
fbem-14090	78	11	extracted	extract	VERB
fbem-14090	78	12	by	by	ADP
fbem-14090	78	13	factor	factor	NOUN
fbem-14090	78	14	analysis	analysis	NOUN
fbem-14090	78	15	.	.	PUNCT
fbem-14090	79	1	oc	oc	PROPN
fbem-14090	79	2	is	be	AUX
fbem-14090	79	3	the	the	DET
fbem-14090	79	4	equity	equity	NOUN
fbem-14090	79	5	concentration	concentration	NOUN
fbem-14090	79	6	degree	degree	NOUN
fbem-14090	79	7	,	,	PUNCT
fbem-14090	79	8	pro	pro	X
fbem-14090	79	9	is	be	AUX
fbem-14090	79	10	the	the	DET
fbem-14090	79	11	nature	nature	NOUN
fbem-14090	79	12	of	of	ADP
fbem-14090	79	13	the	the	DET
fbem-14090	79	14	enterprise	enterprise	NOUN
fbem-14090	79	15	,	,	PUNCT
fbem-14090	79	16	age	age	NOUN
fbem-14090	79	17	is	be	AUX
fbem-14090	79	18	the	the	DET
fbem-14090	79	19	age	age	NOUN
fbem-14090	79	20	of	of	ADP
fbem-14090	79	21	the	the	DET
fbem-14090	79	22	enterprise	enterprise	NOUN
fbem-14090	79	23	,	,	PUNCT
fbem-14090	79	24	type1	type1	NOUN
fbem-14090	79	25	indicates	indicate	VERB
fbem-14090	79	26	whether	whether	SCONJ
fbem-14090	79	27	it	it	PRON
fbem-14090	79	28	is	be	AUX
fbem-14090	79	29	a	a	DET
fbem-14090	79	30	horizontal	horizontal	ADJ
fbem-14090	79	31	merger	merger	NOUN
fbem-14090	79	32	,	,	PUNCT
fbem-14090	79	33	type2	type2	PROPN
fbem-14090	79	34	indicates	indicate	VERB
fbem-14090	79	35	whether	whether	SCONJ
fbem-14090	79	36	it	it	PRON
fbem-14090	79	37	is	be	AUX
fbem-14090	79	38	a	a	DET
fbem-14090	79	39	vertical	vertical	ADJ
fbem-14090	79	40	merger	merger	NOUN
fbem-14090	79	41	,	,	PUNCT
fbem-14090	79	42	time	time	NOUN
fbem-14090	79	43	is	be	AUX
fbem-14090	79	44	the	the	DET
fbem-14090	79	45	transaction	transaction	NOUN
fbem-14090	79	46	time	time	NOUN
fbem-14090	79	47	,	,	PUNCT
fbem-14090	79	48	scale	scale	NOUN
fbem-14090	79	49	is	be	AUX
fbem-14090	79	50	the	the	DET
fbem-14090	79	51	transaction	transaction	NOUN
fbem-14090	79	52	scale	scale	NOUN
fbem-14090	79	53	.	.	PUNCT
fbem-14090	80	1	the	the	DET
fbem-14090	80	2	results	result	NOUN
fbem-14090	80	3	show	show	VERB
fbem-14090	80	4	that	that	SCONJ
fbem-14090	80	5	the	the	DET
fbem-14090	80	6	p	p	ADJ
fbem-14090	80	7	values	value	NOUN
fbem-14090	80	8	of	of	ADP
fbem-14090	80	9	the	the	DET
fbem-14090	80	10	regression	regression	NOUN
fbem-14090	80	11	results	result	NOUN
fbem-14090	80	12	for	for	ADP
fbem-14090	80	13	the	the	DET
fbem-14090	80	14	three	three	NUM
fbem-14090	80	15	observation	observation	NOUN
fbem-14090	80	16	periods	period	NOUN
fbem-14090	80	17	are	be	AUX
fbem-14090	80	18	all	all	ADV
fbem-14090	80	19	0.000	0.000	NUM
fbem-14090	80	20	,	,	PUNCT
fbem-14090	80	21	indicating	indicate	VERB
fbem-14090	80	22	that	that	SCONJ
fbem-14090	80	23	the	the	DET
fbem-14090	80	24	model	model	NOUN
fbem-14090	80	25	is	be	AUX
fbem-14090	80	26	significant	significant	ADJ
fbem-14090	80	27	.	.	PUNCT
fbem-14090	81	1	and	and	CCONJ
fbem-14090	81	2	the	the	DET
fbem-14090	81	3	r	r	NOUN
fbem-14090	81	4	values	value	NOUN
fbem-14090	81	5	of	of	ADP
fbem-14090	81	6	the	the	DET
fbem-14090	81	7	model	model	NOUN
fbem-14090	81	8	within	within	ADP
fbem-14090	81	9	the	the	DET
fbem-14090	81	10	three	three	NUM
fbem-14090	81	11	observation	observation	NOUN
fbem-14090	81	12	periods	period	NOUN
fbem-14090	81	13	are	be	AUX
fbem-14090	81	14	all	all	ADV
fbem-14090	81	15	above	above	ADP
fbem-14090	81	16	0.67	0.67	NUM
fbem-14090	81	17	,	,	PUNCT
fbem-14090	81	18	indicating	indicate	VERB
fbem-14090	81	19	that	that	SCONJ
fbem-14090	81	20	the	the	DET
fbem-14090	81	21	model	model	NOUN
fbem-14090	81	22	fit	fit	NOUN
fbem-14090	81	23	is	be	AUX
fbem-14090	81	24	high	high	ADJ
fbem-14090	81	25	and	and	CCONJ
fbem-14090	81	26	the	the	DET
fbem-14090	81	27	explanatory	explanatory	ADJ
fbem-14090	81	28	variables	variable	NOUN
fbem-14090	81	29	can	can	AUX
fbem-14090	81	30	to	to	ADP
fbem-14090	81	31	a	a	DET
fbem-14090	81	32	large	large	ADJ
fbem-14090	81	33	extent	extent	NOUN
fbem-14090	81	34	explain	explain	VERB
fbem-14090	81	35	the	the	DET
fbem-14090	81	36	explained	explain	VERB
fbem-14090	81	37	variables	variable	NOUN
fbem-14090	81	38	.	.	PUNCT
fbem-14090	82	1	according	accord	VERB
fbem-14090	82	2	to	to	ADP
fbem-14090	82	3	the	the	DET
fbem-14090	82	4	regression	regression	NOUN
fbem-14090	82	5	results	result	NOUN
fbem-14090	82	6	,	,	PUNCT
fbem-14090	82	7	the	the	DET
fbem-14090	82	8	payment	payment	NOUN
fbem-14090	82	9	factor	factor	NOUN
fbem-14090	82	10	significantly	significantly	ADV
fbem-14090	82	11	affected	affect	VERB
fbem-14090	82	12	the	the	DET
fbem-14090	82	13	financial	financial	ADJ
fbem-14090	82	14	risks	risk	NOUN
fbem-14090	82	15	of	of	ADP
fbem-14090	82	16	m&as	m&as	NOUN
fbem-14090	82	17	in	in	ADP
fbem-14090	82	18	these	these	DET
fbem-14090	82	19	three	three	NUM
fbem-14090	82	20	years	year	NOUN
fbem-14090	82	21	after	after	ADP
fbem-14090	82	22	the	the	DET
fbem-14090	82	23	m&a	m&a	PROPN
fbem-14090	82	24	and	and	CCONJ
fbem-14090	82	25	was	be	AUX
fbem-14090	82	26	positively	positively	ADV
fbem-14090	82	27	correlated	correlate	VERB
fbem-14090	82	28	with	with	ADP
fbem-14090	82	29	financial	financial	ADJ
fbem-14090	82	30	risks	risk	NOUN
fbem-14090	82	31	.	.	PUNCT
fbem-14090	83	1	this	this	PRON
fbem-14090	83	2	indicates	indicate	VERB
fbem-14090	83	3	that	that	SCONJ
fbem-14090	83	4	the	the	DET
fbem-14090	83	5	payment	payment	NOUN
fbem-14090	83	6	ability	ability	NOUN
fbem-14090	83	7	of	of	ADP
fbem-14090	83	8	enterprises	enterprise	NOUN
fbem-14090	83	9	to	to	ADP
fbem-14090	83	10	some	some	DET
fbem-14090	83	11	extent	extent	NOUN
fbem-14090	83	12	is	be	AUX
fbem-14090	83	13	a	a	DET
fbem-14090	83	14	good	good	ADJ
fbem-14090	83	15	signal	signal	NOUN
fbem-14090	83	16	of	of	ADP
fbem-14090	83	17	sound	sound	ADJ
fbem-14090	83	18	financial	financial	ADJ
fbem-14090	83	19	situation	situation	NOUN
fbem-14090	83	20	of	of	ADP
fbem-14090	83	21	enterprises	enterprise	NOUN
fbem-14090	83	22	.	.	PUNCT
fbem-14090	84	1	using	use	VERB
fbem-14090	84	2	cash	cash	NOUN
fbem-14090	84	3	payments	payment	NOUN
fbem-14090	84	4	is	be	AUX
fbem-14090	84	5	based	base	VERB
fbem-14090	84	6	on	on	ADP
fbem-14090	84	7	its	its	PRON
fbem-14090	84	8	strong	strong	ADJ
fbem-14090	84	9	financial	financial	ADJ
fbem-14090	84	10	foundation	foundation	NOUN
fbem-14090	84	11	.	.	PUNCT
fbem-14090	85	1	at	at	ADP
fbem-14090	85	2	the	the	DET
fbem-14090	85	3	same	same	ADJ
fbem-14090	85	4	time	time	NOUN
fbem-14090	85	5	,	,	PUNCT
fbem-14090	85	6	it	it	PRON
fbem-14090	85	7	also	also	ADV
fbem-14090	85	8	sends	send	VERB
fbem-14090	85	9	positive	positive	ADJ
fbem-14090	85	10	signals	signal	NOUN
fbem-14090	85	11	to	to	ADP
fbem-14090	85	12	investors	investor	NOUN
fbem-14090	85	13	to	to	PART
fbem-14090	85	14	enhance	enhance	VERB
fbem-14090	85	15	investors	investor	NOUN
fbem-14090	85	16	'	'	PART
fbem-14090	85	17	confidence	confidence	NOUN
fbem-14090	85	18	,	,	PUNCT
fbem-14090	85	19	thus	thus	ADV
fbem-14090	85	20	exerting	exert	VERB
fbem-14090	85	21	a	a	DET
fbem-14090	85	22	positive	positive	ADJ
fbem-14090	85	23	impact	impact	NOUN
fbem-14090	85	24	on	on	ADP
fbem-14090	85	25	their	their	PRON
fbem-14090	85	26	performance	performance	NOUN
fbem-14090	85	27	.	.	PUNCT
fbem-14090	86	1	enterprises	enterprise	NOUN
fbem-14090	86	2	with	with	ADP
fbem-14090	86	3	stronger	strong	ADJ
fbem-14090	86	4	liquidity	liquidity	NOUN
fbem-14090	86	5	as	as	ADP
fbem-14090	86	6	a	a	DET
fbem-14090	86	7	means	means	NOUN
fbem-14090	86	8	of	of	ADP
fbem-14090	86	9	payment	payment	NOUN
fbem-14090	86	10	can	can	AUX
fbem-14090	86	11	be	be	AUX
fbem-14090	86	12	considered	consider	VERB
fbem-14090	86	13	to	to	PART
fbem-14090	86	14	have	have	VERB
fbem-14090	86	15	better	well	ADJ
fbem-14090	86	16	control	control	NOUN
fbem-14090	86	17	over	over	ADP
fbem-14090	86	18	financial	financial	ADJ
fbem-14090	86	19	risks	risk	NOUN
fbem-14090	86	20	with	with	ADP
fbem-14090	86	21	more	more	ADV
fbem-14090	86	22	reliable	reliable	ADJ
fbem-14090	86	23	current	current	ADJ
fbem-14090	86	24	assets	asset	NOUN
fbem-14090	86	25	and	and	CCONJ
fbem-14090	86	26	a	a	DET
fbem-14090	86	27	lower	low	ADJ
fbem-14090	86	28	possibility	possibility	NOUN
fbem-14090	86	29	of	of	ADP
fbem-14090	86	30	financial	financial	ADJ
fbem-14090	86	31	crises	crisis	NOUN
fbem-14090	86	32	.	.	PUNCT
fbem-14090	87	1	185	185	NUM
fbem-14090	87	2	table	table	NOUN
fbem-14090	87	3	5	5	NUM
fbem-14090	87	4	.	.	PUNCT
fbem-14090	88	1	regression	regression	NOUN
fbem-14090	88	2	results	result	VERB
fbem-14090	88	3	t	t	PROPN
fbem-14090	88	4	t+1	t+1	PROPN
fbem-14090	88	5	t+2	t+2	PROPN
fbem-14090	88	6	z	z	PROPN
fbem-14090	88	7	coef	coef	PROPN
fbem-14090	88	8	.	.	PUNCT
fbem-14090	89	1	t	t	PROPN
fbem-14090	89	2	-	-	PUNCT
fbem-14090	89	3	value	value	NOUN
fbem-14090	89	4	coef	coef	PROPN
fbem-14090	89	5	.	.	PUNCT
fbem-14090	90	1	t	t	PROPN
fbem-14090	90	2	-	-	PUNCT
fbem-14090	90	3	value	value	NOUN
fbem-14090	90	4	coef	coef	PROPN
fbem-14090	90	5	.	.	PUNCT
fbem-14090	91	1	t	t	PROPN
fbem-14090	91	2	-	-	PUNCT
fbem-14090	91	3	value	value	NOUN
fbem-14090	91	4	type1	type1	NOUN
fbem-14090	91	5	0.06	0.06	NUM
fbem-14090	91	6	0.09	0.09	NUM
fbem-14090	91	7	0.023	0.023	NUM
fbem-14090	91	8	0.1	0.1	NUM
fbem-14090	91	9	-0.329	-0.329	PUNCT
fbem-14090	91	10	-1.22	-1.22	NOUN
fbem-14090	91	11	type2	type2	NOUN
fbem-14090	91	12	0.729	0.729	NUM
fbem-14090	91	13	0.91	0.91	NUM
fbem-14090	91	14	0.716	0.716	NUM
fbem-14090	91	15	*	*	PUNCT
fbem-14090	91	16	*	*	NOUN
fbem-14090	91	17	2.66	2.66	NUM
fbem-14090	91	18	0.407	0.407	NUM
fbem-14090	91	19	1.32	1.32	NUM
fbem-14090	91	20	time	time	NOUN
fbem-14090	91	21	0.001	0.001	NUM
fbem-14090	91	22	0.59	0.59	NUM
fbem-14090	91	23	0.001	0.001	NUM
fbem-14090	91	24	1.02	1.02	NUM
fbem-14090	91	25	0.001	0.001	NUM
fbem-14090	91	26	0.81	0.81	NUM
fbem-14090	91	27	pro	pro	ADJ
fbem-14090	91	28	-0.705	-0.705	NUM
fbem-14090	91	29	-0.81	-0.81	ADJ
fbem-14090	91	30	-0.445	-0.445	NOUN
fbem-14090	91	31	-1.44	-1.44	ADJ
fbem-14090	91	32	-0.529	-0.529	NUM
fbem-14090	91	33	-1.49	-1.49	NOUN
fbem-14090	91	34	oc	oc	ADP
fbem-14090	91	35	0.969	0.969	NUM
fbem-14090	91	36	0.54	0.54	NUM
fbem-14090	91	37	0.298	0.298	NUM
fbem-14090	91	38	0.4	0.4	NUM
fbem-14090	91	39	1.478	1.478	NUM
fbem-14090	91	40	*	*	NUM
fbem-14090	91	41	1.74	1.74	NUM
fbem-14090	91	42	scale	scale	NOUN
fbem-14090	91	43	15.508	15.508	NUM
fbem-14090	91	44	*	*	PUNCT
fbem-14090	91	45	*	*	PUNCT
fbem-14090	91	46	*	*	PUNCT
fbem-14090	91	47	4.67	4.67	NUM
fbem-14090	91	48	4.985	4.985	NUM
fbem-14090	91	49	*	*	PUNCT
fbem-14090	91	50	*	*	PUNCT
fbem-14090	91	51	*	*	PUNCT
fbem-14090	91	52	7.22	7.22	NUM
fbem-14090	91	53	5.022	5.022	NUM
fbem-14090	91	54	*	*	PUNCT
fbem-14090	91	55	*	*	PUNCT
fbem-14090	91	56	*	*	PUNCT
fbem-14090	91	57	3.89	3.89	NUM
fbem-14090	91	58	age	age	NOUN
fbem-14090	91	59	0.002	0.002	NUM
fbem-14090	91	60	1.63	1.63	NUM
fbem-14090	91	61	0.013	0.013	NUM
fbem-14090	91	62	1.25	1.25	NUM
fbem-14090	91	63	0.003	0.003	NUM
fbem-14090	91	64	*	*	PUNCT
fbem-14090	91	65	*	*	PROPN
fbem-14090	91	66	2.58	2.58	NUM
fbem-14090	91	67	pf	pf	NOUN
fbem-14090	91	68	0.734	0.734	NUM
fbem-14090	91	69	*	*	PUNCT
fbem-14090	91	70	*	*	PUNCT
fbem-14090	91	71	*	*	PUNCT
fbem-14090	91	72	3.99	3.99	NUM
fbem-14090	91	73	0.563	0.563	NUM
fbem-14090	91	74	*	*	PUNCT
fbem-14090	91	75	*	*	PUNCT
fbem-14090	91	76	*	*	PUNCT
fbem-14090	91	77	12.8	12.8	NUM
fbem-14090	91	78	0.749	0.749	NUM
fbem-14090	91	79	*	*	PUNCT
fbem-14090	91	80	*	*	PUNCT
fbem-14090	92	1	*	*	PUNCT
fbem-14090	92	2	5.76	5.76	NUM
fbem-14090	92	3	ff	ff	NOUN
fbem-14090	92	4	0.2	0.2	NUM
fbem-14090	92	5	0.32	0.32	NUM
fbem-14090	92	6	0.403	0.403	NUM
fbem-14090	92	7	*	*	PUNCT
fbem-14090	92	8	*	*	PUNCT
fbem-14090	92	9	*	*	PUNCT
fbem-14090	92	10	3.07	3.07	NUM
fbem-14090	92	11	0.933	0.933	NUM
fbem-14090	92	12	*	*	PUNCT
fbem-14090	92	13	1.99	1.99	NUM
fbem-14090	92	14	if	if	SCONJ
fbem-14090	92	15	-0.043	-0.043	PRON
fbem-14090	92	16	-0.57	-0.57	NOUN
fbem-14090	92	17	0.031	0.031	NUM
fbem-14090	92	18	*	*	PUNCT
fbem-14090	92	19	*	*	PUNCT
fbem-14090	92	20	*	*	PUNCT
fbem-14090	92	21	4.53	4.53	NUM
fbem-14090	92	22	0.093	0.093	NUM
fbem-14090	92	23	1.41	1.41	NUM
fbem-14090	92	24	constant	constant	ADJ
fbem-14090	92	25	-2.1	-2.1	NOUN
fbem-14090	92	26	-1.42	-1.42	NUM
fbem-14090	92	27	0.129	0.129	NUM
fbem-14090	92	28	0.27	0.27	NUM
fbem-14090	92	29	-0.884	-0.884	NUM
fbem-14090	92	30	-1.54	-1.54	NOUN
fbem-14090	92	31	r2	r2	NOUN
fbem-14090	92	32	0.677	0.677	NUM
fbem-14090	92	33	0.836	0.836	NUM
fbem-14090	92	34	0.756	0.756	NUM
fbem-14090	92	35	f	f	PROPN
fbem-14090	92	36	11.304	11.304	NUM
fbem-14090	92	37	27.592	27.592	NUM
fbem-14090	92	38	16.716	16.716	NUM
fbem-14090	92	39	sig	sig	NOUN
fbem-14090	92	40	0.000	0.000	NUM
fbem-14090	92	41	0.000	0.000	NUM
fbem-14090	92	42	0.000	0.000	NUM
fbem-14090	92	43	the	the	DET
fbem-14090	92	44	financing	financing	NOUN
fbem-14090	92	45	factor	factor	NOUN
fbem-14090	92	46	passed	pass	VERB
fbem-14090	92	47	the	the	DET
fbem-14090	92	48	significance	significance	NOUN
fbem-14090	92	49	test	test	NOUN
fbem-14090	92	50	of	of	ADP
fbem-14090	92	51	1	1	NUM
fbem-14090	92	52	%	%	NOUN
fbem-14090	92	53	and	and	CCONJ
fbem-14090	92	54	10	10	NUM
fbem-14090	92	55	%	%	NOUN
fbem-14090	92	56	respectively	respectively	ADV
fbem-14090	92	57	in	in	ADP
fbem-14090	92	58	the	the	DET
fbem-14090	92	59	first	first	ADJ
fbem-14090	92	60	and	and	CCONJ
fbem-14090	92	61	second	second	ADJ
fbem-14090	92	62	years	year	NOUN
fbem-14090	92	63	after	after	ADP
fbem-14090	92	64	the	the	DET
fbem-14090	92	65	m&a	m&a	PROPN
fbem-14090	92	66	,	,	PUNCT
fbem-14090	92	67	and	and	CCONJ
fbem-14090	92	68	the	the	DET
fbem-14090	92	69	equity	equity	NOUN
fbem-14090	92	70	financing	financing	NOUN
fbem-14090	92	71	factor	factor	NOUN
fbem-14090	92	72	was	be	AUX
fbem-14090	92	73	positively	positively	ADV
fbem-14090	92	74	correlated	correlate	VERB
fbem-14090	92	75	with	with	ADP
fbem-14090	92	76	financial	financial	ADJ
fbem-14090	92	77	risks	risk	NOUN
fbem-14090	92	78	.	.	PUNCT
fbem-14090	93	1	it	it	PRON
fbem-14090	93	2	can	can	AUX
fbem-14090	93	3	be	be	AUX
fbem-14090	93	4	considered	consider	VERB
fbem-14090	93	5	that	that	SCONJ
fbem-14090	93	6	equity	equity	NOUN
fbem-14090	93	7	financing	financing	NOUN
fbem-14090	93	8	can	can	AUX
fbem-14090	93	9	greatly	greatly	ADV
fbem-14090	93	10	alleviate	alleviate	VERB
fbem-14090	93	11	the	the	DET
fbem-14090	93	12	pressure	pressure	NOUN
fbem-14090	93	13	on	on	ADP
fbem-14090	93	14	corporate	corporate	ADJ
fbem-14090	93	15	liquidity	liquidity	NOUN
fbem-14090	93	16	and	and	CCONJ
fbem-14090	93	17	complete	complete	ADJ
fbem-14090	93	18	m&as	m&as	NOUN
fbem-14090	93	19	in	in	ADP
fbem-14090	93	20	a	a	DET
fbem-14090	93	21	more	more	ADV
fbem-14090	93	22	cost	cost	NOUN
fbem-14090	93	23	-	-	PUNCT
fbem-14090	93	24	effective	effective	ADJ
fbem-14090	93	25	and	and	CCONJ
fbem-14090	93	26	flexible	flexible	ADJ
fbem-14090	93	27	way	way	NOUN
fbem-14090	93	28	to	to	PART
fbem-14090	93	29	ensure	ensure	VERB
fbem-14090	93	30	the	the	DET
fbem-14090	93	31	normal	normal	ADJ
fbem-14090	93	32	operation	operation	NOUN
fbem-14090	93	33	and	and	CCONJ
fbem-14090	93	34	development	development	NOUN
fbem-14090	93	35	of	of	ADP
fbem-14090	93	36	the	the	DET
fbem-14090	93	37	acquirer	acquirer	NOUN
fbem-14090	93	38	itself	itself	PRON
fbem-14090	93	39	.	.	PUNCT
fbem-14090	94	1	therefore	therefore	ADV
fbem-14090	94	2	,	,	PUNCT
fbem-14090	94	3	compared	compare	VERB
fbem-14090	94	4	with	with	ADP
fbem-14090	94	5	m&as	m&as	NOUN
fbem-14090	94	6	with	with	ADP
fbem-14090	94	7	lower	low	ADJ
fbem-14090	94	8	proportion	proportion	NOUN
fbem-14090	94	9	of	of	ADP
fbem-14090	94	10	equity	equity	NOUN
fbem-14090	94	11	financing	financing	NOUN
fbem-14090	94	12	,	,	PUNCT
fbem-14090	94	13	acquirers	acquirer	NOUN
fbem-14090	94	14	with	with	ADP
fbem-14090	94	15	higher	high	ADJ
fbem-14090	94	16	proportion	proportion	NOUN
fbem-14090	94	17	of	of	ADP
fbem-14090	94	18	equity	equity	NOUN
fbem-14090	94	19	financing	financing	NOUN
fbem-14090	94	20	tend	tend	VERB
fbem-14090	94	21	to	to	PART
fbem-14090	94	22	have	have	VERB
fbem-14090	94	23	healthier	healthy	ADJ
fbem-14090	94	24	financial	financial	ADJ
fbem-14090	94	25	conditions	condition	NOUN
fbem-14090	94	26	after	after	ADP
fbem-14090	94	27	m&as	m&as	NOUN
fbem-14090	94	28	.	.	PUNCT
fbem-14090	95	1	the	the	DET
fbem-14090	95	2	integration	integration	NOUN
fbem-14090	95	3	factor	factor	NOUN
fbem-14090	95	4	had	have	VERB
fbem-14090	95	5	positive	positive	ADJ
fbem-14090	95	6	regression	regression	NOUN
fbem-14090	95	7	coefficients	coefficient	NOUN
fbem-14090	95	8	in	in	ADP
fbem-14090	95	9	the	the	DET
fbem-14090	95	10	second	second	ADJ
fbem-14090	95	11	year	year	NOUN
fbem-14090	95	12	after	after	ADP
fbem-14090	95	13	m&a	m&a	PROPN
fbem-14090	95	14	and	and	CCONJ
fbem-14090	95	15	passed	pass	VERB
fbem-14090	95	16	the	the	DET
fbem-14090	95	17	1	1	NUM
fbem-14090	95	18	%	%	NOUN
fbem-14090	95	19	significance	significance	NOUN
fbem-14090	95	20	test	test	NOUN
fbem-14090	95	21	in	in	ADP
fbem-14090	95	22	the	the	DET
fbem-14090	95	23	second	second	ADJ
fbem-14090	95	24	year	year	NOUN
fbem-14090	95	25	.	.	PUNCT
fbem-14090	96	1	the	the	DET
fbem-14090	96	2	integration	integration	NOUN
fbem-14090	96	3	ability	ability	NOUN
fbem-14090	96	4	of	of	ADP
fbem-14090	96	5	enterprises	enterprise	NOUN
fbem-14090	96	6	is	be	AUX
fbem-14090	96	7	often	often	ADV
fbem-14090	96	8	linked	link	VERB
fbem-14090	96	9	to	to	ADP
fbem-14090	96	10	their	their	PRON
fbem-14090	96	11	own	own	ADJ
fbem-14090	96	12	profitability	profitability	NOUN
fbem-14090	96	13	,	,	PUNCT
fbem-14090	96	14	operational	operational	ADJ
fbem-14090	96	15	level	level	NOUN
fbem-14090	96	16	and	and	CCONJ
fbem-14090	96	17	m&a	m&a	PROPN
fbem-14090	96	18	experience	experience	NOUN
fbem-14090	96	19	.	.	PUNCT
fbem-14090	97	1	the	the	PRON
fbem-14090	97	2	stronger	strong	ADJ
fbem-14090	97	3	the	the	DET
fbem-14090	97	4	integration	integration	NOUN
fbem-14090	97	5	ability	ability	NOUN
fbem-14090	97	6	,	,	PUNCT
fbem-14090	97	7	the	the	PRON
fbem-14090	97	8	more	more	ADJ
fbem-14090	97	9	it	it	PRON
fbem-14090	97	10	can	can	AUX
fbem-14090	97	11	achieve	achieve	VERB
fbem-14090	97	12	a	a	DET
fbem-14090	97	13	soft	soft	ADJ
fbem-14090	97	14	landing	landing	NOUN
fbem-14090	97	15	of	of	ADP
fbem-14090	97	16	m&a	m&a	PROPN
fbem-14090	97	17	transactions	transaction	NOUN
fbem-14090	97	18	and	and	CCONJ
fbem-14090	97	19	realize	realize	VERB
fbem-14090	97	20	the	the	DET
fbem-14090	97	21	designed	design	VERB
fbem-14090	97	22	expected	expect	VERB
fbem-14090	97	23	effects	effect	NOUN
fbem-14090	97	24	after	after	ADP
fbem-14090	97	25	m&a	m&a	PROPN
fbem-14090	97	26	to	to	PART
fbem-14090	97	27	avoid	avoid	VERB
fbem-14090	97	28	financial	financial	ADJ
fbem-14090	97	29	risks	risk	NOUN
fbem-14090	97	30	brought	bring	VERB
fbem-14090	97	31	by	by	ADP
fbem-14090	97	32	m&a	m&a	PROPN
fbem-14090	97	33	frictions	friction	NOUN
fbem-14090	97	34	.	.	PUNCT
fbem-14090	98	1	some	some	DET
fbem-14090	98	2	control	control	NOUN
fbem-14090	98	3	variables	variable	NOUN
fbem-14090	98	4	showed	show	VERB
fbem-14090	98	5	extremely	extremely	ADV
fbem-14090	98	6	strong	strong	ADJ
fbem-14090	98	7	significance	significance	NOUN
fbem-14090	98	8	.	.	PUNCT
fbem-14090	99	1	the	the	DET
fbem-14090	99	2	transaction	transaction	NOUN
fbem-14090	99	3	scale	scale	NOUN
fbem-14090	99	4	factor	factor	NOUN
fbem-14090	99	5	had	have	VERB
fbem-14090	99	6	positive	positive	ADJ
fbem-14090	99	7	coefficients	coefficient	NOUN
fbem-14090	99	8	in	in	ADP
fbem-14090	99	9	the	the	DET
fbem-14090	99	10	three	three	NUM
fbem-14090	99	11	regression	regression	NOUN
fbem-14090	99	12	years	year	NOUN
fbem-14090	99	13	and	and	CCONJ
fbem-14090	99	14	passed	pass	VERB
fbem-14090	99	15	the	the	DET
fbem-14090	99	16	1	1	NUM
fbem-14090	99	17	%	%	NOUN
fbem-14090	99	18	significance	significance	NOUN
fbem-14090	99	19	test	test	NOUN
fbem-14090	99	20	,	,	PUNCT
fbem-14090	99	21	indicating	indicate	VERB
fbem-14090	99	22	that	that	SCONJ
fbem-14090	99	23	the	the	PRON
fbem-14090	99	24	larger	large	ADJ
fbem-14090	99	25	the	the	DET
fbem-14090	99	26	scale	scale	NOUN
fbem-14090	99	27	of	of	ADP
fbem-14090	99	28	m&a	m&a	PROPN
fbem-14090	99	29	transactions	transaction	NOUN
fbem-14090	99	30	,	,	PUNCT
fbem-14090	99	31	the	the	DET
fbem-14090	99	32	more	more	ADJ
fbem-14090	99	33	resources	resource	NOUN
fbem-14090	99	34	the	the	DET
fbem-14090	99	35	enterprises	enterprise	NOUN
fbem-14090	99	36	can	can	AUX
fbem-14090	99	37	integrate	integrate	VERB
fbem-14090	99	38	from	from	ADP
fbem-14090	99	39	the	the	DET
fbem-14090	99	40	targets	target	NOUN
fbem-14090	99	41	,	,	PUNCT
fbem-14090	99	42	which	which	PRON
fbem-14090	99	43	can	can	AUX
fbem-14090	99	44	greatly	greatly	ADV
fbem-14090	99	45	obtain	obtain	VERB
fbem-14090	99	46	value	value	NOUN
fbem-14090	99	47	from	from	ADP
fbem-14090	99	48	the	the	DET
fbem-14090	99	49	targets	target	NOUN
fbem-14090	99	50	and	and	CCONJ
fbem-14090	99	51	is	be	AUX
fbem-14090	99	52	conducive	conducive	ADJ
fbem-14090	99	53	to	to	ADP
fbem-14090	99	54	the	the	DET
fbem-14090	99	55	financial	financial	ADJ
fbem-14090	99	56	health	health	NOUN
fbem-14090	99	57	and	and	CCONJ
fbem-14090	99	58	selfdevelopment	selfdevelopment	PROPN
fbem-14090	99	59	of	of	ADP
fbem-14090	99	60	enterprises	enterprise	NOUN
fbem-14090	99	61	.	.	PUNCT
fbem-14090	100	1	6	6	X
fbem-14090	100	2	.	.	X
fbem-14090	100	3	conclusion	conclusion	NOUN
fbem-14090	100	4	this	this	DET
fbem-14090	100	5	paper	paper	NOUN
fbem-14090	100	6	uses	use	VERB
fbem-14090	100	7	the	the	DET
fbem-14090	100	8	z	z	NOUN
fbem-14090	100	9	-	-	PUNCT
fbem-14090	100	10	score	score	NOUN
fbem-14090	100	11	model	model	NOUN
fbem-14090	100	12	to	to	PART
fbem-14090	100	13	quantify	quantify	VERB
fbem-14090	100	14	the	the	DET
fbem-14090	100	15	level	level	NOUN
fbem-14090	100	16	of	of	ADP
fbem-14090	100	17	financial	financial	ADJ
fbem-14090	100	18	risks	risk	NOUN
fbem-14090	100	19	for	for	ADP
fbem-14090	100	20	enterprises	enterprise	NOUN
fbem-14090	100	21	after	after	ADP
fbem-14090	100	22	m&as	m&as	PROPN
fbem-14090	100	23	.	.	PUNCT
fbem-14090	101	1	from	from	ADP
fbem-14090	101	2	the	the	DET
fbem-14090	101	3	statistical	statistical	ADJ
fbem-14090	101	4	results	result	NOUN
fbem-14090	101	5	,	,	PUNCT
fbem-14090	101	6	due	due	ADP
fbem-14090	101	7	to	to	ADP
fbem-14090	101	8	the	the	DET
fbem-14090	101	9	extremely	extremely	ADV
fbem-14090	101	10	complex	complex	ADJ
fbem-14090	101	11	processes	process	NOUN
fbem-14090	101	12	before	before	ADV
fbem-14090	101	13	and	and	CCONJ
fbem-14090	101	14	after	after	ADP
fbem-14090	101	15	m&as	m&as	NOUN
fbem-14090	101	16	and	and	CCONJ
fbem-14090	101	17	the	the	DET
fbem-14090	101	18	significant	significant	ADJ
fbem-14090	101	19	impacts	impact	NOUN
fbem-14090	101	20	on	on	ADP
fbem-14090	101	21	enterprises	enterprise	NOUN
fbem-14090	101	22	'	'	PART
fbem-14090	101	23	business	business	NOUN
fbem-14090	101	24	operations	operation	NOUN
fbem-14090	101	25	,	,	PUNCT
fbem-14090	101	26	the	the	DET
fbem-14090	101	27	financial	financial	ADJ
fbem-14090	101	28	risks	risk	NOUN
fbem-14090	101	29	of	of	ADP
fbem-14090	101	30	chinese	chinese	ADJ
fbem-14090	101	31	enterprises	enterprise	NOUN
fbem-14090	101	32	will	will	AUX
fbem-14090	101	33	gradually	gradually	ADV
fbem-14090	101	34	increase	increase	VERB
fbem-14090	101	35	after	after	ADP
fbem-14090	101	36	m&as	m&as	NOUN
fbem-14090	101	37	.	.	PUNCT
fbem-14090	102	1	in	in	ADP
fbem-14090	102	2	the	the	DET
fbem-14090	102	3	m&a	m&a	PROPN
fbem-14090	102	4	process	process	NOUN
fbem-14090	102	5	,	,	PUNCT
fbem-14090	102	6	the	the	DET
fbem-14090	102	7	financing	financing	NOUN
fbem-14090	102	8	and	and	CCONJ
fbem-14090	102	9	payment	payment	NOUN
fbem-14090	102	10	links	link	NOUN
fbem-14090	102	11	have	have	VERB
fbem-14090	102	12	significant	significant	ADJ
fbem-14090	102	13	impacts	impact	NOUN
fbem-14090	102	14	on	on	ADP
fbem-14090	102	15	the	the	DET
fbem-14090	102	16	financial	financial	ADJ
fbem-14090	102	17	health	health	NOUN
fbem-14090	102	18	of	of	ADP
fbem-14090	102	19	enterprises	enterprise	NOUN
fbem-14090	102	20	.	.	PUNCT
fbem-14090	103	1	cash	cash	NOUN
fbem-14090	103	2	payments	payment	NOUN
fbem-14090	103	3	and	and	CCONJ
fbem-14090	103	4	increased	increase	VERB
fbem-14090	103	5	financing	financing	NOUN
fbem-14090	103	6	can	can	AUX
fbem-14090	103	7	reduce	reduce	VERB
fbem-14090	103	8	financial	financial	ADJ
fbem-14090	103	9	risks	risk	NOUN
fbem-14090	103	10	.	.	PUNCT
fbem-14090	104	1	chinese	chinese	ADJ
fbem-14090	104	2	enterprises	enterprise	NOUN
fbem-14090	104	3	with	with	ADP
fbem-14090	104	4	strong	strong	ADJ
fbem-14090	104	5	integration	integration	NOUN
fbem-14090	104	6	capabilities	capability	NOUN
fbem-14090	104	7	tend	tend	VERB
fbem-14090	104	8	to	to	PART
fbem-14090	104	9	better	well	ADV
fbem-14090	104	10	respond	respond	VERB
fbem-14090	104	11	to	to	ADP
fbem-14090	104	12	and	and	CCONJ
fbem-14090	104	13	manage	manage	VERB
fbem-14090	104	14	the	the	DET
fbem-14090	104	15	subsequent	subsequent	ADJ
fbem-14090	104	16	development	development	NOUN
fbem-14090	104	17	of	of	ADP
fbem-14090	104	18	enterprises	enterprise	NOUN
fbem-14090	104	19	after	after	ADP
fbem-14090	104	20	major	major	ADJ
fbem-14090	104	21	transactions	transaction	NOUN
fbem-14090	104	22	and	and	CCONJ
fbem-14090	104	23	achieve	achieve	VERB
fbem-14090	104	24	soft	soft	ADJ
fbem-14090	104	25	landings	landing	NOUN
fbem-14090	104	26	in	in	ADP
fbem-14090	104	27	financial	financial	ADJ
fbem-14090	104	28	conditions	condition	NOUN
fbem-14090	104	29	.	.	PUNCT
fbem-14090	105	1	at	at	ADP
fbem-14090	105	2	the	the	DET
fbem-14090	105	3	same	same	ADJ
fbem-14090	105	4	time	time	NOUN
fbem-14090	105	5	,	,	PUNCT
fbem-14090	105	6	when	when	SCONJ
fbem-14090	105	7	chinese	chinese	ADJ
fbem-14090	105	8	enterprises	enterprise	NOUN
fbem-14090	105	9	reach	reach	VERB
fbem-14090	105	10	a	a	DET
fbem-14090	105	11	relatively	relatively	ADV
fbem-14090	105	12	mature	mature	ADJ
fbem-14090	105	13	stage	stage	NOUN
fbem-14090	105	14	of	of	ADP
fbem-14090	105	15	development	development	NOUN
fbem-14090	105	16	and	and	CCONJ
fbem-14090	105	17	realize	realize	VERB
fbem-14090	105	18	m&as	m&as	NOUN
fbem-14090	105	19	of	of	ADP
fbem-14090	105	20	a	a	DET
fbem-14090	105	21	certain	certain	ADJ
fbem-14090	105	22	scale	scale	NOUN
fbem-14090	105	23	,	,	PUNCT
fbem-14090	105	24	it	it	PRON
fbem-14090	105	25	is	be	AUX
fbem-14090	105	26	a	a	DET
fbem-14090	105	27	relatively	relatively	ADV
fbem-14090	105	28	healthy	healthy	ADJ
fbem-14090	105	29	time	time	NOUN
fbem-14090	105	30	point	point	NOUN
fbem-14090	105	31	and	and	CCONJ
fbem-14090	105	32	can	can	AUX
fbem-14090	105	33	optimize	optimize	VERB
fbem-14090	105	34	m&a	m&a	PROPN
fbem-14090	105	35	returns	return	NOUN
fbem-14090	105	36	.	.	PUNCT
fbem-14090	106	1	based	base	VERB
fbem-14090	106	2	on	on	ADP
fbem-14090	106	3	the	the	DET
fbem-14090	106	4	research	research	NOUN
fbem-14090	106	5	results	result	NOUN
fbem-14090	106	6	,	,	PUNCT
fbem-14090	106	7	it	it	PRON
fbem-14090	106	8	is	be	AUX
fbem-14090	106	9	believed	believe	VERB
fbem-14090	106	10	that	that	SCONJ
fbem-14090	106	11	enterprises	enterprise	NOUN
fbem-14090	106	12	should	should	AUX
fbem-14090	106	13	formulate	formulate	VERB
fbem-14090	106	14	corresponding	corresponding	ADJ
fbem-14090	106	15	plans	plan	NOUN
fbem-14090	106	16	in	in	ADP
fbem-14090	106	17	advance	advance	NOUN
fbem-14090	106	18	to	to	PART
fbem-14090	106	19	address	address	VERB
fbem-14090	106	20	potential	potential	ADJ
fbem-14090	106	21	financial	financial	ADJ
fbem-14090	106	22	risks	risk	NOUN
fbem-14090	106	23	in	in	ADP
fbem-14090	106	24	m&as	m&as	PROPN
fbem-14090	106	25	.	.	PUNCT
fbem-14090	107	1	in	in	ADP
fbem-14090	107	2	the	the	DET
fbem-14090	107	3	payment	payment	NOUN
fbem-14090	107	4	link	link	NOUN
fbem-14090	107	5	,	,	PUNCT
fbem-14090	107	6	appropriate	appropriate	ADJ
fbem-14090	107	7	payment	payment	NOUN
fbem-14090	107	8	methods	method	NOUN
fbem-14090	107	9	need	need	VERB
fbem-14090	107	10	to	to	PART
fbem-14090	107	11	be	be	AUX
fbem-14090	107	12	selected	select	VERB
fbem-14090	107	13	to	to	PART
fbem-14090	107	14	avoid	avoid	VERB
fbem-14090	107	15	affecting	affect	VERB
fbem-14090	107	16	the	the	DET
fbem-14090	107	17	liquidity	liquidity	NOUN
fbem-14090	107	18	level	level	NOUN
fbem-14090	107	19	of	of	ADP
fbem-14090	107	20	enterprises	enterprise	NOUN
fbem-14090	107	21	and	and	CCONJ
fbem-14090	107	22	neglecting	neglect	VERB
fbem-14090	107	23	other	other	ADJ
fbem-14090	107	24	aspects	aspect	NOUN
fbem-14090	107	25	.	.	PUNCT
fbem-14090	108	1	at	at	ADP
fbem-14090	108	2	the	the	DET
fbem-14090	108	3	same	same	ADJ
fbem-14090	108	4	time	time	NOUN
fbem-14090	108	5	,	,	PUNCT
fbem-14090	108	6	financing	financing	NOUN
fbem-14090	108	7	channels	channel	NOUN
fbem-14090	108	8	should	should	AUX
fbem-14090	108	9	be	be	AUX
fbem-14090	108	10	actively	actively	ADV
fbem-14090	108	11	expanded	expand	VERB
fbem-14090	108	12	and	and	CCONJ
fbem-14090	108	13	financial	financial	ADJ
fbem-14090	108	14	instruments	instrument	NOUN
fbem-14090	108	15	such	such	ADJ
fbem-14090	108	16	as	as	ADP
fbem-14090	108	17	trust	trust	NOUN
fbem-14090	108	18	financing	financing	NOUN
fbem-14090	108	19	flexibly	flexibly	ADV
fbem-14090	108	20	adopted	adopt	VERB
fbem-14090	108	21	to	to	PART
fbem-14090	108	22	control	control	VERB
fbem-14090	108	23	m&a	m&a	PROPN
fbem-14090	108	24	costs	cost	NOUN
fbem-14090	108	25	.	.	PUNCT
fbem-14090	109	1	the	the	DET
fbem-14090	109	2	way	way	NOUN
fbem-14090	109	3	and	and	CCONJ
fbem-14090	109	4	scale	scale	NOUN
fbem-14090	109	5	of	of	ADP
fbem-14090	109	6	enterprise	enterprise	NOUN
fbem-14090	109	7	financing	financing	NOUN
fbem-14090	109	8	will	will	AUX
fbem-14090	109	9	greatly	greatly	ADV
fbem-14090	109	10	affect	affect	VERB
fbem-14090	109	11	its	its	PRON
fbem-14090	109	12	own	own	ADJ
fbem-14090	109	13	financial	financial	ADJ
fbem-14090	109	14	conditions	condition	NOUN
fbem-14090	109	15	,	,	PUNCT
fbem-14090	109	16	which	which	PRON
fbem-14090	109	17	requires	require	VERB
fbem-14090	109	18	comprehensive	comprehensive	ADJ
fbem-14090	109	19	consideration	consideration	NOUN
fbem-14090	109	20	of	of	ADP
fbem-14090	109	21	demand	demand	NOUN
fbem-14090	109	22	and	and	CCONJ
fbem-14090	109	23	financial	financial	ADJ
fbem-14090	109	24	structure	structure	NOUN
fbem-14090	109	25	.	.	PUNCT
fbem-14090	110	1	risks	risk	NOUN
fbem-14090	110	2	of	of	ADP
fbem-14090	110	3	debt	debt	NOUN
fbem-14090	110	4	repayment	repayment	NOUN
fbem-14090	110	5	can	can	AUX
fbem-14090	110	6	be	be	AUX
fbem-14090	110	7	reduced	reduce	VERB
fbem-14090	110	8	through	through	ADP
fbem-14090	110	9	asset	asset	NOUN
fbem-14090	110	10	securitization	securitization	NOUN
fbem-14090	110	11	and	and	CCONJ
fbem-14090	110	12	other	other	ADJ
fbem-14090	110	13	measures	measure	NOUN
fbem-14090	110	14	during	during	ADP
fbem-14090	110	15	the	the	DET
fbem-14090	110	16	m&a	m&a	PROPN
fbem-14090	110	17	process	process	NOUN
fbem-14090	110	18	to	to	PART
fbem-14090	110	19	optimize	optimize	VERB
fbem-14090	110	20	the	the	DET
fbem-14090	110	21	financial	financial	ADJ
fbem-14090	110	22	conditions	condition	NOUN
fbem-14090	110	23	.	.	PUNCT
fbem-14090	111	1	the	the	DET
fbem-14090	111	2	integration	integration	NOUN
fbem-14090	111	3	process	process	NOUN
fbem-14090	111	4	can	can	AUX
fbem-14090	111	5	be	be	AUX
fbem-14090	111	6	said	say	VERB
fbem-14090	111	7	to	to	PART
fbem-14090	111	8	be	be	AUX
fbem-14090	111	9	the	the	DET
fbem-14090	111	10	most	most	ADV
fbem-14090	111	11	important	important	ADJ
fbem-14090	111	12	part	part	NOUN
fbem-14090	111	13	of	of	ADP
fbem-14090	111	14	m&a	m&a	PROPN
fbem-14090	111	15	transactions	transaction	NOUN
fbem-14090	111	16	.	.	PUNCT
fbem-14090	112	1	enterprises	enterprise	NOUN
fbem-14090	112	2	should	should	AUX
fbem-14090	112	3	seek	seek	VERB
fbem-14090	112	4	a	a	DET
fbem-14090	112	5	path	path	NOUN
fbem-14090	112	6	of	of	ADP
fbem-14090	112	7	joint	joint	ADJ
fbem-14090	112	8	development	development	NOUN
fbem-14090	112	9	with	with	ADP
fbem-14090	112	10	the	the	DET
fbem-14090	112	11	acquired	acquire	VERB
fbem-14090	112	12	enterprises	enterprise	NOUN
fbem-14090	112	13	,	,	PUNCT
fbem-14090	112	14	reasonably	reasonably	ADV
fbem-14090	112	15	complete	complete	VERB
fbem-14090	112	16	the	the	DET
fbem-14090	112	17	merger	merger	NOUN
fbem-14090	112	18	and	and	CCONJ
fbem-14090	112	19	integration	integration	NOUN
fbem-14090	112	20	of	of	ADP
fbem-14090	112	21	financial	financial	ADJ
fbem-14090	112	22	organizations	organization	NOUN
fbem-14090	112	23	and	and	CCONJ
fbem-14090	112	24	assets	asset	NOUN
fbem-14090	112	25	and	and	CCONJ
fbem-14090	112	26	liabilities	liability	NOUN
fbem-14090	112	27	after	after	ADP
fbem-14090	112	28	m&as	m&as	NOUN
fbem-14090	112	29	,	,	PUNCT
fbem-14090	112	30	and	and	CCONJ
fbem-14090	112	31	ensure	ensure	VERB
fbem-14090	112	32	financial	financial	ADJ
fbem-14090	112	33	risk	risk	NOUN
fbem-14090	112	34	factors	factor	NOUN
fbem-14090	112	35	in	in	ADP
fbem-14090	112	36	the	the	DET
fbem-14090	112	37	early	early	ADJ
fbem-14090	112	38	development	development	NOUN
fbem-14090	112	39	period	period	NOUN
fbem-14090	112	40	to	to	PART
fbem-14090	112	41	lay	lay	VERB
fbem-14090	112	42	a	a	DET
fbem-14090	112	43	foundation	foundation	NOUN
fbem-14090	112	44	for	for	ADP
fbem-14090	112	45	sound	sound	ADJ
fbem-14090	112	46	finances	finance	NOUN
fbem-14090	112	47	.	.	PUNCT
fbem-14090	113	1	references	reference	NOUN
fbem-14090	113	2	[	[	X
fbem-14090	113	3	1	1	NUM
fbem-14090	113	4	]	]	X
fbem-14090	113	5	hopkins	hopkin	NOUN
fbem-14090	113	6	,	,	PUNCT
fbem-14090	113	7	h.	h.	PROPN
fbem-14090	113	8	d	d	PROPN
fbem-14090	113	9	,	,	PUNCT
fbem-14090	113	10	chaganti	chaganti	PROPN
fbem-14090	113	11	,	,	PUNCT
fbem-14090	113	12	r.	r.	PROPN
fbem-14090	113	13	,	,	PUNCT
fbem-14090	113	14	kotabe	kotabe	NOUN
fbem-14090	113	15	,	,	PUNCT
fbem-14090	113	16	m.	m.	NOUN
fbem-14090	113	17	,	,	PUNCT
fbem-14090	113	18	&	&	CCONJ
fbem-14090	113	19	co	co	NOUN
fbem-14090	113	20	-	-	NOUN
fbem-14090	113	21	editors	editor	NOUN
fbem-14090	113	22	.	.	PUNCT
fbem-14090	114	1	(	(	PUNCT
fbem-14090	114	2	1999	1999	NUM
fbem-14090	114	3	)	)	PUNCT
fbem-14090	114	4	.	.	PUNCT
fbem-14090	115	1	cross	cross	ADJ
fbem-14090	115	2	-	-	ADJ
fbem-14090	115	3	border	border	ADJ
fbem-14090	115	4	mergers	merger	NOUN
fbem-14090	115	5	and	and	CCONJ
fbem-14090	115	6	acquisitions	acquisition	NOUN
fbem-14090	115	7	:	:	PUNCT
fbem-14090	115	8	global	global	ADJ
fbem-14090	115	9	and	and	CCONJ
fbem-14090	115	10	regional	regional	ADJ
fbem-14090	115	11	perspectives	perspective	NOUN
fbem-14090	115	12	.	.	PUNCT
fbem-14090	116	1	5(3	5(3	NUM
fbem-14090	116	2	)	)	PUNCT
fbem-14090	116	3	,	,	PUNCT
fbem-14090	116	4	207	207	NUM
fbem-14090	116	5	-	-	SYM
fbem-14090	116	6	239	239	NUM
fbem-14090	116	7	.	.	PUNCT
fbem-14090	117	1	[	[	X
fbem-14090	117	2	2	2	NUM
fbem-14090	117	3	]	]	X
fbem-14090	117	4	wei	wei	PROPN
fbem-14090	117	5	,	,	PUNCT
fbem-14090	117	6	n.	n.	PROPN
fbem-14090	117	7	(	(	PUNCT
fbem-14090	117	8	2010	2010	NUM
fbem-14090	117	9	)	)	PUNCT
fbem-14090	117	10	.	.	PUNCT
fbem-14090	118	1	financial	financial	ADJ
fbem-14090	118	2	risk	risk	NOUN
fbem-14090	118	3	control	control	NOUN
fbem-14090	118	4	in	in	ADP
fbem-14090	118	5	m&a	m&a	PROPN
fbem-14090	118	6	.	.	PUNCT
fbem-14090	119	1	international	international	ADJ
fbem-14090	119	2	conference	conference	NOUN
fbem-14090	119	3	on	on	ADP
fbem-14090	119	4	management	management	NOUN
fbem-14090	119	5	science	science	NOUN
fbem-14090	119	6	and	and	CCONJ
fbem-14090	119	7	safety	safety	NOUN
fbem-14090	119	8	engineering	engineering	NOUN
fbem-14090	119	9	.	.	PUNCT
fbem-14090	120	1	[	[	X
fbem-14090	120	2	3	3	NUM
fbem-14090	120	3	]	]	X
fbem-14090	120	4	mantecon	mantecon	NOUN
fbem-14090	120	5	,	,	PUNCT
fbem-14090	120	6	t.	t.	PROPN
fbem-14090	120	7	(	(	PUNCT
fbem-14090	120	8	2009	2009	NUM
fbem-14090	120	9	)	)	PUNCT
fbem-14090	120	10	.	.	PUNCT
fbem-14090	121	1	mitigating	mitigate	VERB
fbem-14090	121	2	risks	risk	NOUN
fbem-14090	121	3	in	in	ADP
fbem-14090	121	4	cross	cross	ADJ
fbem-14090	121	5	-	-	ADJ
fbem-14090	121	6	border	border	ADJ
fbem-14090	121	7	acquisitions	acquisition	NOUN
fbem-14090	121	8	.	.	PUNCT
fbem-14090	122	1	journal	journal	NOUN
fbem-14090	122	2	of	of	ADP
fbem-14090	122	3	banking	banking	NOUN
fbem-14090	122	4	&	&	CCONJ
fbem-14090	122	5	finance	finance	NOUN
fbem-14090	122	6	,	,	PUNCT
fbem-14090	122	7	33(4	33(4	NUM
fbem-14090	122	8	)	)	PUNCT
fbem-14090	122	9	,	,	PUNCT
fbem-14090	122	10	640	640	NUM
fbem-14090	122	11	-	-	SYM
fbem-14090	122	12	651.3	651.3	NUM
fbem-14090	122	13	[	[	PUNCT
fbem-14090	122	14	4	4	NUM
fbem-14090	122	15	]	]	PUNCT
fbem-14090	122	16	warter	warter	PROPN
fbem-14090	122	17	,	,	PUNCT
fbem-14090	122	18	i.	i.	PROPN
fbem-14090	122	19	&	&	CCONJ
fbem-14090	122	20	warter	warter	PROPN
fbem-14090	122	21	,	,	PUNCT
fbem-14090	122	22	l.	l.	PROPN
fbem-14090	122	23	(	(	PUNCT
fbem-14090	122	24	2017	2017	NUM
fbem-14090	122	25	)	)	PUNCT
fbem-14090	122	26	.	.	PUNCT
fbem-14090	123	1	cultural	cultural	ADJ
fbem-14090	123	2	due	due	ADJ
fbem-14090	123	3	diligence	diligence	NOUN
fbem-14090	123	4	in	in	ADP
fbem-14090	123	5	m&a	m&a	PROPN
fbem-14090	123	6	.	.	PUNCT
fbem-14090	124	1	importance	importance	NOUN
fbem-14090	124	2	of	of	ADP
fbem-14090	124	3	soft	soft	ADJ
fbem-14090	124	4	risks	risk	NOUN
fbem-14090	124	5	factors	factor	NOUN
fbem-14090	124	6	.	.	PUNCT
fbem-14090	125	1	annals	annal	NOUN
fbem-14090	125	2	of	of	ADP
fbem-14090	125	3	spiru	spiru	PROPN
fbem-14090	125	4	haret	haret	PROPN
fbem-14090	125	5	university	university	PROPN
fbem-14090	125	6	,	,	PUNCT
fbem-14090	125	7	economic	economic	ADJ
fbem-14090	125	8	series	series	NOUN
fbem-14090	125	9	,	,	PUNCT
fbem-14090	125	10	17(2	17(2	NUM
fbem-14090	125	11	)	)	PUNCT
fbem-14090	125	12	,	,	PUNCT
fbem-14090	125	13	38	38	NUM
fbem-14090	125	14	-	-	SYM
fbem-14090	125	15	61	61	NUM
fbem-14090	125	16	.	.	PUNCT
fbem-14090	126	1	[	[	X
fbem-14090	126	2	5	5	NUM
fbem-14090	126	3	]	]	X
fbem-14090	126	4	joshi	joshi	PROPN
fbem-14090	126	5	,	,	PUNCT
fbem-14090	126	6	m.	m.	PROPN
fbem-14090	126	7	k.	k.	PROPN
fbem-14090	126	8	(	(	PUNCT
fbem-14090	126	9	2020	2020	NUM
fbem-14090	126	10	)	)	PUNCT
fbem-14090	126	11	.	.	PUNCT
fbem-14090	127	1	financial	financial	ADJ
fbem-14090	127	2	performance	performance	NOUN
fbem-14090	127	3	analysis	analysis	NOUN
fbem-14090	127	4	of	of	ADP
fbem-14090	127	5	select	select	ADJ
fbem-14090	127	6	indian	indian	ADJ
fbem-14090	127	7	public	public	ADJ
fbem-14090	127	8	sector	sector	NOUN
fbem-14090	127	9	banks	bank	NOUN
fbem-14090	127	10	using	use	VERB
fbem-14090	127	11	altman	altman	PROPN
fbem-14090	127	12	's	's	PART
fbem-14090	127	13	z	z	PROPN
fbem-14090	127	14	-	-	PUNCT
fbem-14090	127	15	score	score	NOUN
fbem-14090	127	16	model	model	NOUN
fbem-14090	127	17	.	.	PUNCT
fbem-14090	128	1	smart	smart	ADJ
fbem-14090	128	2	journal	journal	NOUN
fbem-14090	128	3	of	of	ADP
fbem-14090	128	4	business	business	NOUN
fbem-14090	128	5	management	management	NOUN
fbem-14090	128	6	studies	study	NOUN
fbem-14090	128	7	,	,	PUNCT
fbem-14090	128	8	16(2	16(2	NUM
fbem-14090	128	9	)	)	PUNCT
fbem-14090	128	10	,	,	PUNCT
fbem-14090	128	11	74	74	NUM
fbem-14090	128	12	.	.	PUNCT
fbem-14090	129	1	[	[	X
fbem-14090	129	2	6	6	NUM
fbem-14090	129	3	]	]	X
fbem-14090	129	4	koi	koi	PROPN
fbem-14090	129	5	-	-	ADJ
fbem-14090	129	6	akrofi	akrofi	ADV
fbem-14090	129	7	,	,	PUNCT
fbem-14090	129	8	g.	g.	PROPN
fbem-14090	129	9	(	(	PUNCT
fbem-14090	129	10	2016	2016	NUM
fbem-14090	129	11	)	)	PUNCT
fbem-14090	129	12	.	.	PUNCT
fbem-14090	130	1	mergers	merger	NOUN
fbem-14090	130	2	and	and	CCONJ
fbem-14090	130	3	acquisitions	acquisition	NOUN
fbem-14090	130	4	failure	failure	NOUN
fbem-14090	130	5	rates	rate	NOUN
fbem-14090	130	6	and	and	CCONJ
fbem-14090	130	7	perspectives	perspective	NOUN
fbem-14090	130	8	on	on	ADP
fbem-14090	130	9	why	why	SCONJ
fbem-14090	130	10	they	they	PRON
fbem-14090	130	11	fail	fail	VERB
fbem-14090	130	12	.	.	PUNCT
fbem-14090	131	1	international	international	ADJ
fbem-14090	131	2	journal	journal	PROPN
fbem-14090	131	3	of	of	ADP
fbem-14090	131	4	innovation	innovation	NOUN
fbem-14090	131	5	and	and	CCONJ
fbem-14090	131	6	applied	apply	VERB
fbem-14090	131	7	studies	study	NOUN
fbem-14090	131	8	,	,	PUNCT
fbem-14090	131	9	17(1	17(1	NUM
fbem-14090	131	10	)	)	PUNCT
fbem-14090	131	11	,	,	PUNCT
fbem-14090	131	12	150	150	NUM
fbem-14090	131	13	-	-	SYM
fbem-14090	131	14	158	158	NUM
fbem-14090	131	15	.	.	PUNCT